DELAWARE, Ohio, Aug. 27, 2025 (GLOBE NEWSWIRE) -- Greif, Inc. (NYSE: GEF, GEF.B), a global leader in industrial packaging products and services, today announced fiscal third quarter 2025 results. As previously announced, on June 30, 2025, we entered into a definitive agreement to divest our containerboard business, including our CorrChoice sheet feeder system (the “Containerboard Business”), in an all-cash transaction for $1.8 billion to Packaging Corporation of America. The transaction is expected to close ...

Summary of Drilling Tools International (DTI) Conference Call Company Overview - **Company Name**: Drilling Tools International (DTI) - **Industry**: Oil and Gas - **Core Business**: Provider of rental and service solutions for the oil and gas industry, specializing in downhole tools such as drill strings, motors, and stabilizers [2][3] Key Points and Arguments Business Model - DTI operates under a business model focused on the "three R's": rental, repair, and recovery, which allows for a unique position in the rental landscape [4][5] - The company has a significant market share of 50-60% in both onshore and offshore rigs in the U.S. and Canada [4][6] Financial Performance - Despite a declining rig environment, DTI reported solid EBITDA margins and adjusted free cash flow for 2025 [5][6] - The company has completed four M&A transactions in the last 12-18 months, contributing to its financial resilience [6][14] Customer Base and Rental Strategy - DTI's rental strategy is supported by a diverse customer base, including global clients, which allows for geographic expansion [10][26] - The company maintains a large inventory of over 65,000 tools, making it inefficient for E&P operators to own all tools [8][10] Manufacturing and Repair Capabilities - DTI has in-house manufacturing and repair facilities, which enhance its operational efficiency and reduce reliance on external suppliers [11][12] - The company utilizes a proprietary software system, Compass, for rental tool management, providing traceability and data-driven decision-making [12][13] Capital Allocation and M&A Strategy - DTI is focused on thoughtful capital allocation, with options including CapEx, M&A, debt repayment, share repurchase, or dividends [16][17] - The company views M&A as integral to its growth strategy, targeting technology with intellectual property, geographic expansion, and accretive earnings [24][25][30] Recent Acquisitions - DTI has made several strategic acquisitions, including: - **Deep Casing Tools**: Expanded patent portfolio and exposure to Middle East and Asia Pacific [30] - **Superior Drilling Products**: Enhanced market share and IP for the Drill N Ream tool [32] - **European Drilling Projects**: Acquired a unique stabilizer tool, leading to significant business growth [34] - **Titan Tools**: Strengthened presence in the UK North Sea and onshore Europe [36] Market Trends and Future Outlook - DTI is experiencing a strong buyers' market for M&A opportunities, with a large pipeline of potential acquisitions [28][29] - The company is optimistic about its growth trajectory in the Eastern Hemisphere, which has grown to 14% of revenue [39] Additional Important Information - DTI's adjusted free cash flow margins are expected to remain strong despite industry headwinds, supported by customer-funded maintenance CapEx [18][20] - The company has a high insider ownership structure, which aligns management interests with those of shareholders [22] This summary encapsulates the key insights from the DTI conference call, highlighting the company's strategic focus, financial performance, and growth opportunities within the oil and gas industry.

Core Viewpoint - Stingray Group Inc. reported strong financial results for Q1 of fiscal 2026, with significant growth in revenues and net income, driven by robust performance in its Broadcast and Recurring Commercial Music segments, particularly in FAST channel revenues [1][3][4]. Financial Highlights - Revenues increased by 7.4% to $95.6 million in Q1 2026 from $89.1 million in Q1 2025 [4][6]. - Adjusted EBITDA rose by 8.3% to $33.7 million in Q1 2026 from $31.1 million in the same period last year [4][11]. - Net income surged by 130.1% to $16.8 million, or $0.24 per share, compared to $7.3 million, or $0.11 per share, in Q1 2025 [4][12]. - Adjusted net income grew by 53.0% to $21.3 million, or $0.31 per share, from $13.9 million, or $0.20 per share, in the prior year [4][12]. - Cash flow from operating activities amounted to $19.0 million, up from $10.8 million in Q1 2025 [4][13]. - Adjusted free cash flow improved to $18.8 million from $15.5 million in the same period last year [4][14]. Segment Performance - Broadcasting and Commercial Music revenues increased by 8.0% to $61.4 million, driven by higher FAST channel revenues [4][10]. - Radio revenues improved by 6.2% to $34.2 million, supported by higher airtime and digital sales [4][10]. - Revenues in Canada rose by 1.1% to $49.5 million, primarily due to increased Radio revenues [7]. - Revenues in the United States grew by 25.8% to $35.2 million, mainly from higher FAST channel revenues [8]. - Revenues in other countries decreased by 9.5% to $10.9 million, attributed to lower in-store commercial revenues [9]. Operational Developments - The company launched six new FAST channels on VIZIO's free streaming service, expanding its offerings [21]. - Stingray announced the acquisition of The Singing Machine Company to enhance its karaoke services [21]. - The company experienced delays in large installation projects related to digital signage, affecting revenue recognition [3]. Debt and Cash Position - As of June 30, 2025, the company had cash and cash equivalents of $11.5 million and credit facilities totaling $337.4 million [15][30]. - The net debt to Pro Forma Adjusted EBITDA ratio decreased to 2.24x from 2.77x year-over-year [4][30]. Dividend Declaration - On August 5, 2025, the company declared a dividend of $0.075 per share, payable on or around September 15, 2025 [16].

Financial Performance - BP's underlying replacement cost profit for 2Q25 was $24 billion[21,32] - Operating cash flow for 2Q25 reached $63 billion, including a $14 billion working capital build[21] - The company announced a 4% increase in dividend per ordinary share to 8320 cents for 2Q25[21] - A share buyback of $750 million for 2Q25 was announced[21] Strategic Progress - Upstream production was approximately 23 million barrels of oil equivalent per day (mmboed) in 1H25[20] - BP delivered $1 billion of structural cost reductions[25] - Refining availability exceeded 96% in both 1H25 and 2Q25[20,88] Targets and Guidance - BP aims for adjusted free cash flow growth of over 20% CAGR from 2024 to 2027[64] - The company targets net debt between $14-18 billion by the end of 2027[37,64] - BP is targeting $4-5 billion in structural cost reductions by the end of 2027[41,64] - The company expects capital expenditure to be approximately $145 billion in 2025[37,59]

© 2025 CLEAN HARBORS – CONFIDENTIAL Forward Looking Statements and GAAP Disclaimer These slides contain (and the accompanying oral discussion will contain) forward-looking statements, which are generally identifiable by use of the words "believes," "expects," "intends," "anticipates," "plans to," "seeks," "will," "should," "estimates," "projects," "may," "likely," "potential," "outlook" or similar expressions. Such statements may include, but are not limited to, statements about the Company's future financi ...

Core Insights - Nabors Industries reported second quarter 2025 operating revenues of $833 million, an increase from $736 million in the first quarter, but incurred a net loss of $31 million compared to a net income of $33 million in the previous quarter [1][2][3] - The adjusted EBITDA for the second quarter was $248 million, up from $206 million in the first quarter, indicating improved operational performance [1][2][3] Financial Performance - The company experienced a loss per diluted share of $2.71 in the second quarter, contrasting with earnings per diluted share of $2.18 in the first quarter, which included a one-time gain from the Parker transaction [1][3] - Adjusted free cash flow improved to $41 million in the second quarter from a cash consumption of $61 million in the prior quarter, aided by lower cash interest payments and better customer collections [10][15] Segment Performance - International Drilling adjusted EBITDA rose to $117.7 million from $115.5 million in the previous quarter, with an average rig count increase driven by newbuild rigs in Saudi Arabia and Kuwait [7][8] - The U.S. Drilling segment reported adjusted EBITDA of $101.8 million, up from $92.7 million, with contributions from all three operations, despite a flat to declining rig market in oil-focused basins [8][9] - Drilling Solutions adjusted EBITDA significantly increased to $76.5 million, primarily due to the addition of Parker's operations, while Rig Technologies saw a slight decline to $5.2 million [9][10] Strategic Developments - The acquisition of Parker Wellbore is contributing positively to Nabors' financial results, with expectations of achieving $40 million in cost synergies for 2025 [3][12][13] - Recent deployments of high-spec rigs in the Middle East and the SANAD newbuild program are expected to drive growth in the International Drilling segment [4][13] Outlook - The company anticipates that adjusted EBITDA for the third quarter will be approximately in line with the second quarter, with expectations for stable rig counts in the Lower 48 and continued strength in natural gas drilling [16][18] - Capital expenditures are projected to be between $200 million and $210 million for the quarter, with a full-year estimate of $700 million to $710 million [24][18]

Q1 2025 Quarterly Results and Outlook Conference Call May 1, 2025 © 2025 Enviri Corporation. All Rights Reserved. This document and the information set forth herein are the property of Enviri Corporation. 1 ADMINISTRATIVE ITEMS More information on Enviri's quarterly earnings, including the Company's earnings press release issued today and this presentation, is available on the Investor Relations portion of Enviri's website. Company management will discuss the Company's financial performance during a confere ...

Core Insights - Nabors Industries reported first quarter 2025 operating revenues of $736 million, a slight increase from $730 million in the previous quarter, with a net income of $33 million compared to a net loss of $54 million in the fourth quarter of 2024 [1] - The first quarter included a one-time non-cash net gain of $113 million from the Parker transaction, which was partially offset by non-cash charges related to the wind-down of operations in Russia totaling $28.6 million [1] - Adjusted EBITDA for the first quarter was $206 million, down from $221 million in the previous quarter [1] Financial Performance - The U.S. Drilling segment reported adjusted EBITDA of $92.7 million, down from $105.8 million in the fourth quarter, primarily due to a reduced rig count and higher operational expenses [7] - International Drilling adjusted EBITDA totaled $115.5 million, an increase from $112 million in the previous quarter, with daily adjusted gross margin improving to $17,421 [6] - Drilling Solutions segment adjusted EBITDA was $40.9 million, with the addition of Parker operations contributing $9.6 million [8] Operational Highlights - The company experienced rig churn in the U.S., impacting rig utilization and operating expenses, but noted improvements in adding rigs in the Lower 48 after a trough in February [4] - The SANAD joint venture with Saudi Aramco began operating its tenth newbuild rig in the first quarter, with plans for additional rigs to commence operations throughout 2025 [6] - The company has planned several rig startups in international markets, including Saudi Arabia, Kuwait, Argentina, Mexico, and India, to offset the completion of some drilling programs [5] Acquisition Impact - The acquisition of Parker Wellbore is expected to significantly enhance Nabors' Drilling Solutions business, contributing approximately $130 million in incremental adjusted EBITDA for 2025 and $40 million in cost synergies [10] - The Parker acquisition is forecasted to add material free cash flow and improve leverage metrics for Nabors [11] Cash Flow and Expenditures - Consolidated adjusted free cash flow for the first quarter was a use of $71 million, with the legacy business consuming $61 million [9] - Capital expenditures for Parker operations were targeted at $60 million for 2025, with total capital expenditures expected to be approximately $770 million to $780 million [21] - The company anticipates adjusted free cash flow of approximately $80 million for 2025, excluding any impact from tariffs [16] Future Outlook - For the second quarter of 2025, Nabors expects adjusted EBITDA of approximately $75 million from U.S. Drilling, including about $43 million from Parker [14] - The company is targeting substantial improvements in free cash flow generation over the remaining quarters of the year, driven by international drilling profitability and recovery in the Lower 48 rig count [16]

Financial Data and Key Metrics Changes - For Q4 2024, organic revenue grew by 19%, with total revenue reaching $329.9 million [15] - For the full year, organic revenue growth was 17%, totaling $1.4 billion [15] - Adjusted EBITDA for Q4 increased by 38% to $63.2 million, with an adjusted EBITDA margin of 19.1% [16] - Adjusted free cash flow for Q4 was $16.9 million, a 328% increase year-over-year, while for the full year it grew to $134.9 million, a 97% increase [17] Business Line Data and Key Metrics Changes - The IS segment saw organic revenue growth of 16% in Q4 and 10% for the full year [7] - The UCTS segment experienced a strong Q4 with organic revenue growth of 25%, and 27% for the full year [9] - The MIS segment delivered organic revenue growth of 19% in Q4 and 20% for the full year [12] Market Data and Key Metrics Changes - The company noted a headwind in rate and exposure contributing only 40 basis points to overall organic growth for 2024, compared to 550 basis points in 2023 [8] - The California wildfires and hurricane season were highlighted as significant events impacting the insurance landscape [4][5] Company Strategy and Development Direction - The company aims to enhance its capital position and flexibility following the satisfaction of earn-out obligations by March [6] - There is a focus on vertical integration and innovative risk capital platforms to improve risk transfer outcomes for clients [11] - The company plans to continue deleveraging its balance sheet while exploring M&A opportunities in the future [19][34] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in sustaining double-digit organic growth despite challenges in the insurance marketplace [13] - The impact of the California wildfires on reinsurance pricing remains uncertain, with potential implications for future margins [42][44] - The company anticipates a slight increase in net leverage in Q1 2025 due to earn-out payments but expects to reduce it below four times by Q3 2025 [22] Other Important Information - The company is transitioning to a new method of reporting adjusted free cash flow, which may affect future comparisons [20] - The approval of a Texas domiciled reciprocal insurance exchange is seen as a significant milestone for the company [11] Q&A Session Summary Question: Discussion on earn-out opportunities and future incentives - Management clarified that colleague earn-out incentive payments will not reappear in the future, as they were a one-time allocation from selling shareholders [29] Question: Impact of reinsurance changes on EBITDA - Management confirmed that the expected negative EBITDA impact from QBE remains consistent, with no additional variability anticipated [41] Question: Expectations for rate and exposure headwinds in 2025 - Management does not anticipate the same headwinds in 2025, suggesting potential tailwinds depending on economic conditions [64] Question: Insights on the middle market landscape and talent acquisition - Management noted an evolution in the M&A marketplace, with opportunities arising from disruptions in legacy platforms, leading to potential talent acquisition [68]