COVINGTON, La., April 30, 2025 (GLOBE NEWSWIRE) -- Pool Corporation (Nasdaq/GSM:POOL) announced today that its Board of Directors (the Board) has authorized an increase in the company’s share repurchase program to $600.0 million. As of April 29, 2025, this adds $309.2 million to the $290.8 million remaining under its existing share repurchase program for the purchase of the company’s common stock in the open market at prevailing market prices. The share repurchase program will continue until otherwise modif ...

Core Insights - AerCap Holdings N.V. reported strong financial results for Q1 2025, driven by robust demand for aviation assets and a favorable sales market [2][4] - The company has raised its full-year EPS guidance for 2025 and announced a $500 million share repurchase program [2][8] Financial Performance - Total revenues and other income for Q1 2025 were $2,077 million, a 3% increase from $2,018 million in Q1 2024 [4][41] - Basic lease rents increased by 4% to $1,649 million in Q1 2025 from $1,586 million in Q1 2024 [4][41] - Net gain on sale of assets rose by 11% to $177 million in Q1 2025, compared to $160 million in Q1 2024 [6][41] - Net income for Q1 2025 was $643 million, or $3.48 per share, with adjusted net income at $679 million, or $3.68 per share [8][22] Shareholder Returns - The company returned $558 million to shareholders through share repurchases in Q1 2025 [8] - A quarterly cash dividend of $0.27 per share was declared, with a payment date set for June 5, 2025 [18] Capital Structure - As of March 31, 2025, the adjusted debt/equity ratio was 2.4 to 1, reflecting a stable capital structure [8][27] - The company’s book value per share increased by approximately 11% to $97.37 from $87.47 a year earlier [8][13] Operational Highlights - AerCap's portfolio included 3,508 aircraft, engines, and helicopters as of March 31, 2025, with an average age of 7.5 years [17] - The average cost of debt for Q1 2025 was 4.1%, up from 3.9% in Q1 2024 [9][30] Market Position - AerCap is recognized as a leader in aviation leasing, serving around 300 customers globally [35]

COMPAGNIE DE L'ODET Financial information for Q1 2025April 29, 2025 Stable revenue for Q1 2025: +0.2% at constant scope and exchange rates (+4.2% on a reported basis*) Revenue for Q1 2025At constant scope and exchange rates, Compagnie de l’Odet revenue for first-quarter 2025 rose 0.2% to 782 million euros: Bolloré Energy: 675 million euros, down 0.2%, owing to lower selling prices for petroleum products, offset by higher sales volumes; Industry: 78 million euros, up 1.5%, based on growth in 6-meter bus sa ...

Core Viewpoint - Jyske Bank has initiated a share repurchase program with a total value of up to DKK 2.25 billion, running from February 26, 2025, to January 30, 2026, in compliance with EU regulations [1]. Group 1: Share Repurchase Program Details - The share repurchase program is structured in accordance with the EU Commission Regulation No. 596/2014 and the Commission Delegated Regulation (EU) 2016/1052, collectively referred to as the "Safe Harbour Rules" [1]. - As of the latest announcement, Jyske Bank has accumulated a total of 802,274 shares under the program, with an average purchase price of DKK 527.78, amounting to a total transaction value of DKK 423,421,598 [2]. - Following the recent transactions, Jyske Bank now holds a total of 3,567,392 treasury shares, which represents 5.55% of its share capital [2]. Group 2: Transaction Summary - The transactions conducted under the share repurchase program include: - On April 22, 2025, 17,863 shares were purchased at an average price of DKK 511.44, totaling DKK 9,135,788 [2]. - On April 23, 2025, 13,435 shares were acquired at DKK 524.47, amounting to DKK 7,046,263 [2]. - On April 24, 2025, 10,584 shares were bought at DKK 524.29, with a total value of DKK 5,549,099 [2]. - On April 25, 2025, 12,706 shares were purchased at DKK 529.45, totaling DKK 6,727,197 [2].

Core Viewpoint - Cadence Bank's Board of Directors has authorized a new share repurchase program allowing the purchase of up to 10 million shares of its common stock, pending Federal Reserve approval, with an expiration date set for December 31, 2025 [1][2]. Group 1: Share Repurchase Program Details - The Repurchase Program allows for shares to be purchased periodically in open market transactions, privately negotiated transactions, or other means in compliance with federal securities laws [2]. - The program can be extended, modified, amended, suspended, or discontinued at the discretion of Cadence's Board of Directors, and does not obligate the company to repurchase shares [2]. - The actual means of purchase, timing, target number of shares per purchase, and maximum price will be determined by management based on various factors including capital position, liquidity, financial performance, market price, and economic conditions [2]. Group 2: Company Overview - Cadence Bank is a regional financial services company with assets totaling $50 billion, operating over 350 locations across the South and Texas [4]. - The bank offers a wide range of services including banking, investment, trust, and mortgage products to meet the needs of individuals, businesses, and corporations [4]. - Cadence has received accolades such as being recognized as one of the nation's best employers and as one of America's Best Banks in 2025 by Forbes [4].

Core Points - GFL Environmental Inc. has received approval from the Toronto Stock Exchange to resume its normal course issuer bid (NCIB) [1] - The company can repurchase up to 28,046,256 subordinate voting shares during the 12-month period ending March 2, 2026 [2] - GFL has already repurchased 7,618,758 subordinate voting shares under the NCIB, leaving 20,427,498 shares available for repurchase [3] Company Overview - GFL is the fourth largest diversified environmental services company in North America, providing solid waste management services across Canada and 18 U.S. states [4] - The company employs over 15,000 individuals [4]

Core Viewpoint - Atea Pharmaceuticals has appointed Howard H. Berman, Ph.D. to its Board of Directors, enhancing its leadership as it advances its Phase 3 program for hepatitis C treatment [1][2][3] Group 1: Board Appointment and Strategic Agreement - Dr. Berman will initially serve as a non-voting observer and will become a full voting member at the 2025 Annual Meeting [1] - The appointment is part of an agreement with the Radoff-JEC Group, which has withdrawn its director nominations and agreed to support Atea's Board nominees [2][3] - The Radoff-JEC Group expressed confidence in Atea's potential to create significant shareholder value [3] Group 2: Financial Strategies - Atea's Board has authorized a share repurchase program of up to $25 million, reflecting its commitment to returning capital to shareholders while funding its Phase 3 HCV program [5] - The company is engaged in a strategic alternatives process with Evercore to explore opportunities for enhancing shareholder value, including potential partnerships or acquisitions [6][7] Group 3: Company Overview - Atea Pharmaceuticals focuses on developing oral antiviral therapies for serious viral diseases, leveraging its proprietary nucleos(t)ide prodrug platform [9] - The lead program targets the treatment of hepatitis C virus with a regimen of bemnifosbuvir and ruzasvir, which has the potential to disrupt a multi-billion dollar market [2][9]

Core Viewpoint - Montauk Renewables, Inc. has authorized a share repurchase program to buy back up to $5 million of its common stock, effective immediately with no specified termination date [1]. Group 1: Share Repurchase Program - The repurchase may occur through open market transactions, privately negotiated transactions, or other methods in compliance with federal securities laws [2]. - A Repurchase Committee, consisting of Board members and management, will determine the timing, number, and purchase price of shares repurchased under the program [2]. - The program can be suspended, terminated, or modified at any time due to various factors such as market conditions, repurchase costs, and liquidity [3]. Group 2: Company Overview - Montauk Renewables, Inc. specializes in the management, recovery, and conversion of biogas into Renewable Natural Gas (RNG) and electrical power [4]. - The company captures methane to prevent its release into the atmosphere and has over 30 years of experience in renewable energy projects related to landfill methane [4]. - Montauk operates 13 projects across several states, including California, Idaho, Ohio, Oklahoma, Pennsylvania, North Carolina, South Carolina, and Texas, and sells RNG and Renewable Electricity [4].

Financial Data and Key Metrics Changes - The company reported revenues of approximately $82.7 million for the year ended December 31, 2024, representing an 8.8% year-over-year increase from approximately $76 million for the year ended December 31, 2023 [9][30] - Gross profit increased by 3.9% to approximately $25.8 million, achieving a gross margin of 31.2%, down from 32.7% in the previous year [10][32][34] - The net loss for the year was approximately $4.1 million, compared to a net loss of approximately $0.4 million for the year ended December 31, 2023 [37] Business Line Data and Key Metrics Changes - Sales from the Strand segment decreased to approximately $72.7 million for the year ended December 31, 2024, from approximately $76 million in the previous year, primarily due to lower spending from clients [30][31] - Sales from the Strand Loyalty Solutions (SLS) segment increased to approximately $9.9 million, up from zero in the previous year, driven by the acquisition of Gander Group assets [30][31] Market Data and Key Metrics Changes - The company secured multiple six-figure multi-year contracts across various sectors, including residential real estate, diagnostics, public transportation, and premium consumer products, indicating a diversified market presence [12][16] Company Strategy and Development Direction - The company aims to accelerate growth across both STRON and SLS segments by executing a robust enterprise sales pipeline and broadening its customer base in high-potential verticals such as hospitality, healthcare, infrastructure, and gaming [20][21] - The strategic roadmap for 2025 includes leveraging technology to enhance operational efficiency and optimizing operating expenses for sustainable margin growth [22][19] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the complex macroeconomic environment, including ongoing inflationary pressures and global trade disruptions, but expressed confidence in the company's ability to navigate these challenges due to its diversified client base and strong cash position [23][24] - The company plans to resume its share repurchase program in 2025, reflecting confidence in its long-term prospects [27][28] Other Important Information - The company completed a comprehensive re-audit of its historical financials, which reinforced the strength and reliability of its financial reporting infrastructure [8][39] - The implementation of the NetSuite ERP system is expected to drive operational excellence and efficiency moving forward [17][19] Q&A Session Summary Question: Can you provide some light on your goals for profitability this year coming forward? - Management highlighted that the fees associated with the audit will decrease significantly, allowing more focus on operational business and revenue growth, with goals to continue revenue growth while driving operational efficiencies [46][50] Question: How will the implementation of NetSuite impact operational efficiencies? - The implementation of NetSuite is expected to create efficiencies, automate processes, and reduce manual work, which will contribute to improved operational performance [51][52]

Financial Data and Key Metrics Changes - Q4 net sales increased approximately 15% year over year to $3,250,000,000, resulting in full year 2024 net sales of $11,860,000,000, representing 6% year over year growth [8][16] - Adjusted EBITDA margin for fiscal year 2024 reached 4.8%, reflecting year over year expansion of approximately 150 basis points [9][20] - Free cash flow for fiscal year 2024 was a record $452,500,000, converting approximately 80% of adjusted EBITDA into free cash flow [10][21] Business Line Data and Key Metrics Changes - Autoship customer sales increased by 21% in Q4 and nearly 11% for the full year 2024, representing 80.6% of Q4 net sales [8][18] - The sponsored ads business reached approximately 1% of net sales for full year 2024, contributing significantly to gross margin improvement [10][44] - Chewy Vet Care Clinics opened eight locations in 2024, with plans to open eight to ten new clinics in fiscal year 2025 [11] Market Data and Key Metrics Changes - Active customers reached 20,500,000, marking the first year over year growth in eight quarters, with a 2.1% increase year over year [9][17] - Net sales per active customer (NESPAK) reached $578, representing a 4.1% year over year increase [18] - The overall pet industry is expected to continue normalizing, with Chewy anticipating to gain market share in 2025 [65][66] Company Strategy and Development Direction - The company aims to achieve a long-term adjusted EBITDA margin target of 10%, with expectations for further margin expansion in 2025 [13][26] - Chewy is focused on enhancing customer engagement through improved marketing strategies and app experiences, which are expected to drive active customer growth [32][58] - The company plans to leverage its first-party software for sponsored ads to enhance media content and expand its advertising capabilities [44][48] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to deliver active customer growth in 2025, driven by strategic initiatives and improved marketing [9][34] - The management noted that the promotional environment remained stable, with minimal inflationary pressure expected in 2025 [70][71] - The company is optimistic about its growth prospects, expecting to continue gaining market share despite a normalizing pet industry [66][70] Other Important Information - The company repurchased approximately 32,800,000 shares in 2024, reducing BC Partners' ownership by approximately 16% [22][23] - Chewy ended the year with approximately $597,000,000 in cash and cash equivalents, remaining debt-free [24] Q&A Session Summary Question: Can you unpack what's driving the change in active customers? - Management noted that the momentum from Q3 continued into Q4, resulting in year over year active customer growth for the first time in eight quarters, driven by improved marketing strategies and customer engagement [30][34] Question: Can you help us understand the momentum on the gross margin side? - Management indicated that the fourth quarter gross margin was as expected, with EBITDA margin expansion driven by improvements in gross margin and operating efficiencies [35][36] Question: Can you talk about automation and the path to 70% to 80%? - Management confirmed that over 40% of volume is currently automated, with plans to ramp up automation in the Houston facility to achieve higher efficiency [41][42] Question: How do you see the landscape for net new customer growth versus reactivations? - Management highlighted that new investments, particularly in Chewy Vet Care Clinics, are driving new customer growth, while existing programs like Chewy Plus are stimulating reactivations [54][56] Question: What are you seeing from a promotional perspective in the pet landscape? - Management reported a stable promotional environment with a significant portion of the portfolio being price protected, leading to minimal inflationary pressure [68][70]