Miami, Florida--(Newsfile Corp. - November 13, 2025) - Kisses From Italy Inc. (OTCQB: KITL), a publicly listed U.S.-based company, restaurant operator, franchisor, and product distributor in the United States, Canada, and Europe, announced today that LB Equity Advisors, Inc., has been retained as advisors and appointed J. Zimbler as Interim Management Advisor, and Interim President and sole Director, responsible for the reposition of the company's direction and rebranding the company and to recruit new man ...

Core Insights - Olaplex's net sales decreased by 3.8% to $114.6 million in the third quarter compared to the same period last year, but this figure exceeded Wall Street's forecast of $111 million [1] - The company reported a net income of $11.1 million, down from $14.8 million in the same quarter of 2024, with diluted earnings per share at 2 cents [5] Sales Performance - Specialty retail sales fell by 13.5% to $36.9 million, while professional sales increased by 5.3% to $44.5 million, and direct-to-consumer sales decreased by 2.9% to $33.3 million [2] - Net sales in the U.S. decreased by 14.6%, whereas international sales increased by 7.1% [4] Strategic Initiatives - The CEO emphasized the importance of the professional business and the company's investment in a pro-first strategy, which is beginning to yield results [3] - The company is undergoing a transformation in retail, with ongoing improvements and tracking consumer responses to rebranding efforts [4] Acquisition - Olaplex announced the acquisition of Purvala Bioscience, marking its first acquisition in over 10 years, aimed at accessing new technologies for future growth [5][6]

Financial Data and Key Metrics Changes - The company reported GAAP diluted earnings per share of $1.42, an increase of 6% year-over-year, and adjusted diluted earnings per share of $1.64, an increase of 18% [32] - Consolidated GAAP revenue and adjusted revenues were both $1.3 billion, reflecting a 19.8% increase [32] - GAAP net income was $83.8 million, up 6.9%, while adjusted net income reached $96.5 million, an increase of 18.9% [32] - Cash and cash equivalents stood at $443.7 million, with cash flows from operations amounting to $381 million [32] - The company raised its 2025 earnings guidance to between $6.48-$6.54 per diluted share, up from a previous range of $6.34-$6.46 [16][36] Business Line Data and Key Metrics Changes - Same-Store occupancy increased to 83%, while transitioning occupancy rose to 84.4%, both representing all-time highs [8] - Skilled days increased for Same-Store operations by 5.1% and for transitioning operations by 10.9% year-over-year [10] - Medicare revenue increased by 10% for Same-Store operations and 8.8% for transitioning operations [10] - Managed care revenue saw increases of 7.1% for Same-Store and 24.3% for transitioning operations [10] Market Data and Key Metrics Changes - Ensign-affiliated facilities outperformed peers by 24% at the state level and 33% at the county level according to CMS data [7] - The U.S. population aged 80 and older is projected to grow by over 50% in the next decade, creating sustained demand for skilled nursing services [9] Company Strategy and Development Direction - The company continues to focus on organic growth through improved occupancy and skilled mix, with a strong emphasis on clinical excellence [10][11] - Ensign has successfully sourced, underwritten, and transitioned 73 new operations since 2024, indicating a solid pipeline for future growth [11][12] - The company maintains a disciplined approach to acquisitions, avoiding overpriced deals while enhancing capabilities within existing operations [12][23] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the long-term growth potential driven by demographic trends and the company's ability to capture market share [9][10] - The company is confident in achieving its revised earnings guidance due to strong performance and positive momentum in occupancy and skilled mix [36] - Management highlighted improvements in labor metrics, including turnover and stable wage growth, which are critical for maintaining operational success [15] Other Important Information - Standard Bearer Healthcare REIT generated rental revenue of $32.6 million for the quarter, with $27.6 million from Ensign-affiliated operations [25] - The company has a long history of paying dividends, having increased the annual dividend for 22 consecutive years [35] Q&A Session Summary Question: How should we think about the room to run on the skilled mix side, specifically in the same-store portfolio? - Management noted that there is substantial potential for skilled mix growth in facilities like Beacon, with ongoing efforts to add services that meet the needs of acute providers and managed care partners [45][48] Question: Can you talk about the managed care contracting environment in new markets like Alabama? - Management indicated that establishing managed care partnerships takes time, but they have relationships in overlapping states that facilitate this process [50] Question: What is driving the heightened pace of deal activity this year? - Management clarified that the recent deals were driven by long-standing relationships and emotional decisions from sellers rather than special market conditions [58][60] Question: Are you seeing any traction with managed care companies regarding behavioral health? - Management confirmed ongoing traction in adding behavioral units in several facilities, indicating strong relationships with county programs and managed care partners [63]

Financial Data and Key Metrics Changes - Revenue for Q3 2025 was approximately $485 million, representing a year-over-year increase of 17.9% or $73.7 million, driven by solid waste pricing strength and acquisitions [5][10] - Adjusted EBITDA reached a record $120 million, up 16.4% year-over-year, with an adjusted EBITDA margin of 24.7%, down approximately 30 basis points year-over-year [5][12] - Year-to-date adjusted free cash flow totaled $119 million, up 21% year-over-year, supported by EBITDA growth and stronger working capital performance [5][15] - The company raised the lower end of its revenue and adjusted EBITDA guidance for 2025, increasing midpoints to $1.835 billion and $420 million, respectively [15] Business Line Data and Key Metrics Changes - Solid waste operations saw a revenue increase of 20.6% year-over-year, with pricing up 4.6% and volume essentially flat [10] - Resource solutions revenues increased by 7.8% year-over-year, although recycling and processing revenue decreased by 5% due to lower commodity prices [11] - The integration of Mid-Atlantic businesses is progressing well, with expectations for further gains in Q4 and into 2026 [6][19] Market Data and Key Metrics Changes - Landfill volumes increased by 11.7% year-over-year, with internalized volumes growing nearly 20% [10][19] - The average recycled commodity revenue per ton decreased by 29% year-over-year due to softer markets [11] - The company is working on expanding landfill capacity in New York, with permits expected in the coming quarters [19][102] Company Strategy and Development Direction - The company’s M&A strategy focuses on a balanced mix of smaller tuck-in acquisitions and larger opportunities to expand geographic footprint [6] - The company has an active acquisition pipeline representing approximately $500 million in annualized revenues [7] - The transition to a new Executive Chairman role for John W. Casella at the end of 2025, with Ned Coletta stepping into the CEO role, indicates a strategic leadership shift [8][9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving enhanced 2025 guidance, citing sustained operating and acquisition momentum [7] - The company anticipates another year of strong growth in 2026, with organic growth expected in the range of 4 to 5% and an additional 3% from rollover acquisition revenue [16] - Management highlighted the importance of integrating acquisitions quickly to realize margin expansion opportunities [30][95] Other Important Information - The company completed eight acquisitions year-to-date, adding approximately $105 million in annualized revenue, with a pending acquisition expected to close at the beginning of 2026 [6][21] - The company is focused on improving operational efficiencies through automation and system consolidation [20][41] Q&A Session Summary Question: Concerns about long-term margin trajectory - Management indicated that while margins are down slightly year-to-date, they expect significant multi-year margin expansion opportunities from acquisitions [30][32] Question: Clarification on synergy capture in the Mid-Atlantic - Management confirmed that the $5 million savings expected in 2026 does not include pricing or margin lift, as they are still in the budgeting process [36][38] Question: Internalization of landfill volumes - Management noted that internalization of volumes from acquisitions is a key focus and has been yielding positive results [48] Question: Timeline for Mid-Atlantic billing system - Management expects to complete the billing system integration by the end of Q1 2026, which will enable better pricing and operational efficiencies [66][68] Question: Pricing evolution in the Mid-Atlantic - Management stated that pricing strategies will evolve as they integrate systems and optimize routes, but it may take several years to fully realize the potential [80] Question: Impact of Mountain State Waste acquisition timing - Management clarified that the delay in the Mountain State Waste acquisition is due to normal regulatory processes and does not indicate any issues [83] Question: Confidence in landfill permitting processes - Management expressed confidence in successfully obtaining permits for landfill expansions, citing their strong track record in the Northeast [101][102]

Company Overview - Rentokil Initial plc is the world's largest pest services company, benefiting from a highly attractive business model characterized by recurring revenue, high customer retention, and minimal capital requirements [2] - The pest control sector is resilient, with demand largely independent of economic cycles, supported by structural growth driven by rising wealth and increased prioritization of pest control [2] Financial Performance - As of October 6th, Rentokil's share was trading at $26.57, with trailing and forward P/E ratios of 41.10 and 18.90 respectively [1] - The company has achieved operating margins more than 10% higher than smaller peers due to its scale, with larger branches generating over $8 million in revenue [2] Growth Strategy - Rentokil has pursued growth through an aggressive acquisition strategy, completing over 200 acquisitions in the past decade, including 41 in 2019 across 23 countries [3] - The acquisition of Terminix in 2022 for approximately $6 billion positioned Rentokil as the largest player in the U.S., commanding over 50% of the market alongside Rollins [3] Market Position and Future Outlook - Despite integration challenges in North America leading to a roughly 40% drop in stock price since the acquisition announcement, the company's long-term strength remains intact [3] - Rentokil is viewed as a high-quality business with durable fundamentals and a proven roll-up model, suggesting it is well-positioned to generate sustainable returns [4] - The current market reaction may underestimate Rentokil's long-term value, presenting a compelling opportunity for patient investors [4] Historical Context - The bullish thesis on Rentokil has been consistent, with previous coverage highlighting the company's global leadership and integration challenges with Terminix [5] - Since the last coverage, the company's stock price has appreciated approximately 11.21%, indicating resilience in its international operations and long-term growth potential [5]

Core Insights - Mullen Group Ltd. reported financial results for Q3 2025, showing a revenue increase of 5.6% to $561.8 million compared to Q3 2024, driven by acquisitions despite challenges in the Canadian economy [1][10][11] - The company continues to rely on acquisitions to fuel growth, expanding service offerings and customer bases while navigating economic uncertainties [2][3][11] - Net income decreased by 13.3% to $33.2 million, reflecting challenges in certain segments and increased costs [15][11] Financial Performance - Revenue for the three-month period ended September 30, 2025, was $561.8 million, up from $532.0 million in 2024, marking a 5.6% increase [5][10] - Operating income before depreciation and amortization (OIBDA) was $97.6 million, a 2.4% increase from $95.3 million in the previous year [5][12] - Net income for the quarter was $33.2 million, down from $38.3 million in 2024, representing a 13.3% decline [5][15] Segment Performance - Less-Than-Truckload (LTL) revenue increased by 4.8% to $197.8 million, with acquisitions contributing $10.2 million [7][13] - Logistics & Warehousing (L&W) segment saw a significant increase of 23.2% to $208.1 million, primarily due to acquisitions [7][13] - Specialized & Industrial Services (S&I) revenue decreased by 20.3% to $105.1 million, attributed to a lack of large capital projects and depressed commodity prices [7][13] Cash Flow and Dividends - The company generated record net cash from operating activities of $102.7 million, or $1.18 per share, a 55.1% increase from the previous year [11][5] - Cash dividends declared per common share increased by 5.0% to $0.21 for the quarter [5][11] Acquisition Strategy - Mullen Group's acquisition strategy has been pivotal in driving revenue growth, with significant contributions from Cole International Inc. and Pacific Northwest Moving [2][11] - The company aims to continue leveraging acquisitions to diversify revenue streams and enhance service offerings [2][3][11] Economic Context - The Canadian economy faces challenges, including trade and tariff issues, which impact private capital investment [2][11] - The company expresses optimism regarding federal 'nation building projects' that could stimulate economic activity and job creation [2][11]

Core Insights - Bunzl has a strong focus on acquisitions as a key growth strategy, having completed over 230 deals since 2004 with a total committed spend of GBP 6 billion [2] - The company generates GBP 12 billion in revenue and operates across 32 countries and 6 sectors, indicating a significant global presence and diversification [3] Acquisition Strategy - Acquisitions are central to Bunzl's business model, with a culture that encourages all employees to seek new opportunities [2] - The company benefits from operating in large and fragmented markets, which, combined with strong cash generation, supports a compounding growth model [2] - Customer relationships are characterized by stickiness, as clients are often hesitant to change suppliers due to potential disruptions, making acquisitions a favorable growth avenue [2]

Bunzl Update / Briefing Summary Company Overview - **Company**: Bunzl (OTCPK:BZLF.Y) - **Revenue**: £12 billion - **Presence**: 32 countries, operating in six sectors - **Acquisition History**: Over 230 deals since 2004, with £6 billion of committed spend [1][2] Key Points on Acquisition Strategy - **Core of Business**: Acquisitions are central to Bunzl's growth strategy, contributing two-thirds of group revenue growth over the last decade [2][3] - **Market Characteristics**: Bunzl operates in large, fragmented markets with strong cash generation, making acquisitions an attractive growth route [2][4] - **Customer Relationships**: The stickiness of customer relationships reduces the risk of disruption from changing suppliers, enhancing acquisition appeal [2][4] Sector-Specific Insights - **Safety Sector Growth**: Through over 50 acquisitions, Bunzl has built a safety sector with nearly £2 billion in revenue, yet holds a low single-digit market share, indicating significant growth potential [3][4] - **Expansion Opportunities**: Bunzl sees potential for growth in various markets, including Italy (£1 billion opportunity in safety) and countries like Sweden and Greece [6][8] Acquisition Process and Methodology - **Deal Origination**: Approximately 75% of deals originate from internal contacts, emphasizing a decentralized and entrepreneurial culture [11][12] - **Evaluation Criteria**: A nine-point template is used to assess potential acquisitions, focusing on financial health, management quality, and cultural fit [17][18] - **Execution Discipline**: Bunzl maintains a rigorous review process, with the Executive Committee reviewing around 280 businesses over the last five years, resulting in 70 signed deals [17][19] Financial Metrics and Performance - **Return Expectations**: Bunzl expects acquisitions to achieve project WACC (weighted average cost of capital) within two to three years, with many deals surpassing this in the first year [19][20] - **Average Deal Size**: The average deal size over the last five years has been around £40 million, focusing on bolt-on opportunities [9][20] Integration and Synergies - **Onboarding Process**: Emphasizes respect for acquired businesses, with a focus on operational support and realizing purchasing synergies [14][15] - **Synergy Types**: Three main types of synergies identified: purchasing synergies (immediate), revenue synergies (cross-selling), and cost synergies (post-integration) [86][88] Market Outlook - **Future Prospects**: Despite a quieter 2025 in terms of M&A activity, there is optimism for 2026 as sellers are beginning to prepare for transactions [59][60] - **Continued Focus**: Bunzl aims to replicate its successful acquisition model across various fragmented markets, particularly in Continental Europe [37][38] Seller Perspectives - **Cultural Fit**: Sellers emphasize the importance of cultural alignment and the assurance that their businesses will be well cared for post-acquisition [39][40] - **Support and Growth**: Acquired businesses report significant improvements in operational capabilities and access to resources, enhancing their growth potential [43][45][48] Conclusion - Bunzl's disciplined approach to acquisitions, strong market presence, and focus on cultural fit position the company well for continued growth through strategic acquisitions in fragmented markets. The emphasis on operational support and integration further enhances the value proposition for both Bunzl and its acquisition targets.

BUNZL INSIGHT EVENT: Add subtitle here ACQUISITIONS AGENDA AND PRESENTING TEAM More than 70 years of Bunzl experience on Q&A panel Today's agenda: Today's Q&A panel: Andrew Mooney Group Corporate Development Director 36 years at Bunzl1 c.190 deals at Bunzl 8th October 2025 Oscar Gonzalez Senior Corporate Development Executive 6 years at Bunzl c.30 completed deals Alberto Grau Business Area Head, Continental Europe 17 years at Bunzl c.40 completed deals Nicolas Ingram Managing Director, Central and Eastern E ...

Core Viewpoint - V2X Inc. is a smaller defense contractor with significant growth potential, driven by strong earnings performance, a major contract with the U.S. Air Force, and proactive capital allocation strategies [1][2][7]. Financial Performance - V2X reported a 60% year-over-year improvement in adjusted earnings per share (EPS) to $1.33, exceeding analyst expectations by 33 cents [3]. - Adjusted EBITDA increased by 14% year-over-year, and adjusted operating cash flow reached $58.3 million, indicating financial flexibility [5]. - The total backlog at the end of the quarter was $11.3 billion, reflecting high demand for V2X's services [5]. Contracts and Opportunities - V2X secured a landmark contract valued at $4.3 billion with the U.S. Armed Forces to provide supply support for over 700 T-6 training aircraft, which is expected to significantly boost growth [7][8]. - The company has a three-year pipeline exceeding $50 billion, which should support continued improvement in various financial metrics [4]. Strategic Initiatives - V2X announced a $100 million share repurchase plan as part of its capital allocation strategy to enhance shareholder value [9]. - The company plans to acquire a specialized data engineering and cyber solutions business, which will expand its capabilities in the cyber domain and potentially lead to new contracts [10][11]. Analyst Ratings and Market Outlook - Nine out of twelve analysts rate V2X shares as a Buy, with a consensus price target of $63.36, indicating a potential upside of 7.51% from the current price of $58.94 [9][12]. - Analysts expect an additional 15% earnings growth in the next year, suggesting a positive outlook for V2X in the defense sector [12].