(All amounts in release are in Canadian dollars) OTTAWA, Ontario, March 26, 2026 (GLOBE NEWSWIRE) -- Calian® Group Ltd. (“Calian” or the “Company”) (TSX:CGY), a mission-critical solutions company focused on defence, space, healthcare and other strategic critical infrastructure sectors, today announced that it has exercised the accordion feature under its existing credit facility. Calian has exercised $75 million of its accordion feature, increasing total committed capacity under its credit facility to $275 ...

Financial Data and Key Metrics Changes - For Q4 2025, the company reported revenue of $170 million, a 19.6% increase year-over-year, exceeding the projected $157 million [9][32] - Full-year revenue for 2025 was $839 million, reflecting a 14.6% growth compared to the previous year [10][34] - The net income for Q4 2025 was $199 million, marking a 48% increase from the previous year, while the adjusted net income for the full year was $217 million, with a margin of 25.9% [12][38] Business Line Data and Key Metrics Changes - All four business segments, including Private Client Services, commercial, alternative investment funds, and valuation, experienced double-digit growth [9] - Private Client Services accounted for 51.5% of total revenue for the year, with a healthy increase in the number of client groups generating over $250,000 in revenue [35] Market Data and Key Metrics Changes - The company expanded its client relationships, increasing the number of active client groups by 5.6% and client engagements by 10.6% year-over-year [36] - The average rate per hour increased by approximately 11% year-over-year, indicating the firm's ability to raise prices [36] Company Strategy and Development Direction - The company aims to focus on productivity, profitability, integration, and acquisitions as part of its 2026 strategy [13][16] - There is a strong emphasis on technology as a competitive advantage, with plans to implement AI and other technological solutions thoughtfully [22][23] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the business's performance, noting that recurring revenue growth in late 2025 was strong, with expectations to elevate revenue objectives in future calls [52][57] - The company anticipates a net loss in 2026 primarily due to non-cash equity-based compensation expenses, but expects continued revenue growth in core practices [42][43] Other Important Information - The company has a strong balance sheet with $258.5 million in cash and no third-party debt, providing flexibility for growth [40] - The company is actively pursuing acquisitions, with $33 million of projected inorganic revenue for 2026, and has already signed several deals [17][74] Q&A Session Summary Question: What is the outlook for revenue growth momentum? - Management indicated that the company operates conservatively and expects to elevate revenue numbers based on strong recurring revenue growth observed in late 2025 [52] Question: Is there any pushback on pricing due to AI? - Management acknowledged some pushback in competitive service areas but emphasized a focus on value-added services rather than commodity pricing [60] Question: What is the pricing contribution for 2026? - The company forecasts high single-digit pricing growth for 2026, with expectations to sustain this level [70] Question: How much of the projected inorganic revenue is from already acquired groups? - Approximately $15 million of the $33 million projected inorganic revenue is already secured from recent acquisitions [74]

Core Viewpoint - Arthur J. Gallagher & Co. has acquired S Philips Surety & Insurance Services, enhancing its surety market expertise and expanding product offerings in the West Coast region [1] Group 1: Acquisition Details - The acquisition involves S Philips Surety & Insurance Services, Inc., based in Agoura Hills, California [1] - The terms of the transaction were not disclosed [1] - The S Philips team will continue operations at their current location under the leadership of Jeremy Crawford, head of RPS's surety bond operations [1] Group 2: Company Background - Arthur J. Gallagher & Co. is a global insurance brokerage, risk management, and consulting services firm headquartered in Rolling Meadows, Illinois [1] - The company operates in approximately 130 countries through owned operations and a network of correspondent brokers and consultants [1] Group 3: Executive Commentary - J. Patrick Gallagher, Jr., Chairman and CEO, expressed enthusiasm about the acquisition, stating it deepens the company's surety market expertise [1]

Group 1 - Arthur J. Gallagher & Co. has acquired B&W Insurance Agency, Inc., based in Washington, Pennsylvania, enhancing its brokerage capabilities for small businesses [1] - The terms of the transaction were not disclosed, but the acquisition is expected to strengthen Gallagher's presence in southwest Pennsylvania [1] - Paul Barzd III, Jim Cote, and their team will continue to operate from their current location under the leadership of Jen Tadin, head of Gallagher Select [1] Group 2 - J. Patrick Gallagher, Jr., Chairman and CEO, expressed satisfaction with the acquisition, highlighting B&W Insurance Agency's strong local reputation [1] - Arthur J. Gallagher & Co. operates globally, providing insurance brokerage, risk management, and consulting services in approximately 130 countries [1] - The company continues to expand its portfolio through strategic acquisitions, as evidenced by this latest transaction [1]

Core Viewpoint - Lithia & Driveway is the largest global automotive retailer, focusing on new and used vehicle sales and aftersales services, while pursuing strategic growth and acquisitions to maintain its leadership position [1] Financial Performance - The company reported record full-year revenues of $37.63 billion, representing a 4% increase from the previous year [2][6] - In the fourth quarter, revenues reached $9.20 billion, with a 6.1% growth in used vehicle revenue and a 4.7% increase in used retail units on a same-store basis [3] - Aftersales revenue increased by 10.9%, contributing to a 9.8% rise in gross profit on a same-store basis [3] Earnings and Shareholder Returns - The fourth quarter diluted earnings per share were reported at $5.72, with adjusted diluted earnings per share at $6.74 [4] - In 2025, the company repurchased $947 million worth of shares, accounting for 11.4% of outstanding shares, including 3.8% in the fourth quarter [5] Strategic Initiatives - Lithia & Driveway made strategic acquisitions totaling $2.4 billion in annual revenue, emphasizing strong growth in used vehicles and aftersales despite challenges in new vehicle sales [5][6] - The financing operations achieved a record quarterly income of $23 million, a significant increase of $19 million from the previous year, with a penetration rate of 15% and an average FICO score of 751 [4]

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Reddit says it’s looking for more acquisitions in adtech and elsewhere https://t.co/GLUI8GgIaz ...

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Core Viewpoint - The retirement of Warren Buffett as CEO of Berkshire Hathaway Inc. signifies a pivotal transition in leadership, with Greg Abel assuming the role amidst significant challenges [1][5]. Group 1: Leadership Transition - Greg Abel has taken over as CEO on the first day of the new year, succeeding Warren Buffett after a six-decade tenure [1]. - Abel's leadership will be scrutinized as he navigates the complexities of managing Berkshire's substantial cash reserves and maintaining the company's established culture [5]. Group 2: Financial Management - Abel's primary responsibility involves the allocation of Berkshire's cash reserves, which have recently exceeded $350 billion, surpassing the market values of major companies like Home Depot, Procter & Gamble, and General Electric [2]. - The company has not engaged in share repurchases for the last five quarters and has only paid a dividend once under Buffett's leadership, indicating a historical reluctance to distribute cash [3]. - There is speculation that Abel may consider a one-time special dividend as a potential strategy to utilize the cash reserves effectively [4]. Group 3: Operational Challenges - Abel will oversee Berkshire's subsidiaries, including Geico, and manage a stock portfolio valued at approximately $300 billion, which will require significant allocation decisions [4]. - Maintaining the culture of trust, honesty, patience, discipline, and long-term thinking is essential for Abel as he manages relationships with subsidiary management teams [5]. Group 4: Market Impact - The decisions made by Abel will be closely monitored by investors, as they could have a substantial impact on Berkshire's stock performance moving forward [6].