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CrowdStrike drops 6% on lackluster guidance, ongoing impact from July IT outage
CNBC· 2025-06-04 14:15
Core Insights - CrowdStrike's shares fell over 6% following disappointing revenue guidance for the current quarter [1] - The company expects revenue between $1.14 billion and $1.15 billion, below the $1.16 billion analyst estimate [2] - Adjusted earnings per share are projected between 82 cents and 84 cents, slightly above the LSEG estimate of 81 cents [2] Financial Performance - Despite weaker guidance, CrowdStrike exceeded earnings estimates with adjusted earnings per share of 73 cents, surpassing the expected 65 cents [5] - Revenue grew approximately 20% year-over-year, but the company reported a net loss of $110.2 million, or 44 cents per share, compared to a net income of $42.8 million, or 17 cents per share, from the previous year [6] - CrowdStrike announced a $1 billion share repurchase plan [6] Operational Challenges - The company is still experiencing repercussions from a significant outage last July, which affected flights and hospital procedures [3] - The termination of the customer commitment packages incentive program resulted in a revenue reduction of about $11 million for the quarter [4] - CrowdStrike anticipates a further revenue impact of $10 million to $15 million through the end of the fiscal year [4] Market Sentiment - Analyst Peter Levine from Evercore ISI downgraded CrowdStrike shares to "in line," citing a combination of full valuation and recurring one-time events as factors affecting upside potential [5] - There is growing investor frustration regarding unresolved issues within the company [5]
ISC Launches Normal Course Issuer Bid
Globenewswire· 2025-06-04 11:00
Cautionary Note Regarding Forward-Looking Information REGINA, Saskatchewan, June 04, 2025 (GLOBE NEWSWIRE) -- Information Services Corporation (TSX:ISC) ("ISC" or the "Company") today announced that it has authorized, and the Toronto Stock Exchange (the "TSX") has accepted a notice filed by ISC of its intention to make a normal course issuer bid (the "NCIB"), to purchase for cancellation up to 929,007 Class A shares of ISC (the "Class A Shares") over the twelve-month period commencing on June 6, 2025 and en ...
Philips to repurchase up to 6 million shares to cover long-term incentive plans
GlobeNewswire News Room· 2025-06-04 07:00
June 4, 2025  Amsterdam, the Netherlands – Royal Philips (NYSE: PHG, AEX: PHIA) today announced that it will repurchase up to 6 million shares to cover certain of its obligations arising from its long-term incentive plans. At the current share price, the shares represent an amount of up to approximately EUR 125 million. The repurchases will be executed through one or more individual forward transactions, to be entered into in the course of the second and third quarter of 2025, in accordance with the Market ...
U.S. REIT Share Repurchase Activity Doubles In Q1 2025
Seeking Alpha· 2025-06-03 18:07
Core Insights - Share buyback activity by US equity real estate investment trusts (REITs) more than doubled in the first quarter of the year [2] - The total amount spent on buybacks reached approximately $993.2 million in common stock [2] Industry Summary - The analysis conducted by S&P Global Market Intelligence indicates a significant increase in buyback activities among US REITs [2] - This trend reflects a growing confidence in the market and a strategic move by REITs to enhance shareholder value [2]
BON Announces Share Repurchase Program for up to US$1.0 Million
Globenewswire· 2025-06-03 13:00
XI’AN, China, June 03, 2025 (GLOBE NEWSWIRE) -- Bon Natural Life Limited (Nasdaq: BON) (“BON” or the “Company”), a leading bio-ingredient solution provider in the natural, health and personal care industry, today announced its board of directors approved a share repurchase program pursuant to which the Company may purchase up to $1.0 million of its Class A ordinary shares. Under the share repurchase program, the Company is authorized to repurchase its shares from time to time in the open market. The timing ...
Ribbon Announces $50 Million Share Repurchase Program
Prnewswire· 2025-06-03 12:45
Core Viewpoint - Ribbon Communications Inc. has announced a share repurchase program of up to $50 million, reflecting the Board's confidence in the company's strategic plan and improved performance, particularly highlighted by record financial results in Q4 2024 [1][2]. Financial Performance - The company reported a 30% increase in earnings for 2024, achieving results at the high end of its original guidance [2]. - Business with US Tier One Service Providers doubled in 2024, supported by a multi-year contract with Verizon for modernizing telecom voice infrastructure [2]. Share Repurchase Program - The share repurchase program will commence on June 5, 2025, and continue through December 31, 2027 [1]. - The program may involve purchases in the open market, privately negotiated transactions, or structured through investment banking institutions, with the timing and amount subject to various factors [2]. Business Strategy and Outlook - The company has seen significant growth in business with Enterprise customers and U.S. Federal agencies [2]. - There is improved visibility in the business with positive book-to-bill ratios and a growing backlog, indicating a focus on driving profitable growth and strong cash flow generation [2]. Company Overview - Ribbon Communications provides secure cloud communications and IP optical networking solutions globally, focusing on modernizing networks for better competitive positioning [3]. - The company emphasizes its commitment to Environmental, Social, and Governance (ESG) matters, offering an annual Sustainability Report to stakeholders [3].
Nexxen Announces May 2025 Share Repurchase Program Summary
Globenewswire· 2025-06-02 11:30
Company Overview - Nexxen International Ltd. is a global advertising technology platform specializing in data and advanced TV, offering a flexible and unified technology stack that includes a demand-side platform (DSP) and supply-side platform (SSP) [3][4] - The company is headquartered in Israel and has offices across the United States, Canada, Europe, and Asia-Pacific, and is traded on Nasdaq under the ticker NEXN [4] Share Repurchase Program - In May 2025, Nexxen repurchased 1,260,000 Ordinary Shares at an average price of $11.30 [1] - As of May 31, 2025, the company had 59,483,096 Ordinary Shares outstanding and approximately $24.8 million remaining under its current share repurchase program authorization [2]
StealthGas(GASS) - 2025 Q1 - Earnings Call Transcript
2025-05-28 15:02
StealthGas (GASS) Q1 2025 Earnings Call May 28, 2025 10:00 AM ET Company Participants Michael Jolliffe - Chair of the BoardKonstantinos Sistovaris - Interim CFOHarry Vafias - President, CEO & Director Operator Good day, and thank you for standing by. Welcome to the StealthGas First Quarter twenty twenty five Results Conference Call and Webcast. At this time, all participants are in listen only mode. Please be advised that today's conference is being recorded. I would now like to hand the conference over to ...
StealthGas(GASS) - 2025 Q1 - Earnings Call Transcript
2025-05-28 15:02
StealthGas (GASS) Q1 2025 Earnings Call May 28, 2025 10:00 AM ET Company Participants Michael Jolliffe - Chair of the BoardKonstantinos Sistovaris - Interim CFOHarry Vafias - President, CEO & Director Operator Good day, and thank you for standing by. Welcome to the StealthGas First Quarter twenty twenty five Results Conference Call and Webcast. At this time, all participants are in listen only mode. Please be advised that today's conference is being recorded. I would now like to hand the conference over to ...
StealthGas(GASS) - 2025 Q1 - Earnings Call Transcript
2025-05-28 15:00
Financial Data and Key Metrics Changes - The company generated $42 million in revenues during Q1 2025, a slight increase from $41.6 million in Q1 2024 but a decrease from $43.5 million in Q4 2024, indicating resilience in commercial operations [4] - Adjusted net income for Q1 2025 was $16.1 million, similar to Q4 2024 but lower than Q1 2024, primarily due to increased expenses [4][20] - Earnings per share on an adjusted basis were 44¢ for the quarter [4] - The company reduced debt by $54 million in 2025, bringing current debt levels close to $30 million, while maintaining a free cash balance of more than double that figure [5][23] Business Line Data and Key Metrics Changes - The company maintained a period coverage of 70% of fleet days for 2025 and secured over $165 million in future revenues [6][10] - Operating expenses increased by 17% to $13.5 million, mainly due to higher crew costs and maintenance fees [18] - The company concluded three period charters during the quarter, with two extensions, leaving five vessels operating in the spot market [8][9] Market Data and Key Metrics Changes - The U.S. accounted for 63% of imports in Northern Europe in Q1 2025, up from 55% in the previous quarter [11] - The LPG market saw a steady upward trend, with global LPG exports increasing by 4.4% in 2024 and the U.S. marking an 8% year-on-year growth in Q1 2025 [25][26] - China and India increased their LPG imports by 8% and 10% year-on-year, respectively, despite geopolitical tensions affecting trade [29][30] Company Strategy and Development Direction - The company is focused on deleveraging and has successfully reduced its debt, aiming to accumulate cash faster [5][23] - The strategy includes diversifying and renewing the fleet, with plans to sell older vessels and replace them with newer ones [6][7] - The company has begun a share repurchase program, spending approximately $1.8 million on share buybacks since the last call [5][41] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in sustaining momentum throughout 2025, despite a period of uncertainty in the market [40][41] - The company noted that almost every major LPG importer has increased imports, while major exporters have significantly increased exports [40][41] - The firm believes that the market will continue to pay premium rates West of Suez due to a shortage of suitable vessels [12] Other Important Information - The company has no vessels held for sale as of March 31, and the debt situation has improved significantly, with a focus on reducing debt levels [21][22] - The company is familiar with the vessels acquired through joint ventures and expects to take delivery of them soon [16] Q&A Session Summary Question: What is the outlook for the LPG market? - The LPG market is expected to continue its upward trend, with the U.S. maintaining strong export growth and traditional exporters in the Middle East looking to strengthen their exports [25][28] Question: How is the company managing its debt? - The company has successfully reduced its debt significantly and is now net debt-free, allowing for faster cash flow accumulation [23][41] Question: What are the company's plans for fleet renewal? - The company plans to sell older vessels and replace them with newer ones, focusing on maintaining a modern and efficient fleet [6][7]