Business Separation

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HONEYWELL COMPLETES SALE OF PERSONAL PROTECTIVE EQUIPMENT BUSINESS TO PROTECTIVE INDUSTRIAL PRODUCTS
Prnewswire· 2025-05-22 20:15
$1.325 billion divestiture optimizes and simplifies Honeywell's portfolio Positions Honeywell to continue to deliver profitable growth and strong cash generation, creating compelling long-term value for shareownersCHARLOTTE, N.C., May 22, 2025 /PRNewswire/ -- Honeywell (NASDAQ: HON) today announced it has completed the sale of its Personal Protective Equipment (PPE) business to Protective Industrial Products, Inc. ("PIP") for $1.325 billion in an all-cash transaction. PIP is a global supplier and manufact ...
Costamare(CMRE) - 2025 Q1 - Earnings Call Transcript
2025-05-08 13:30
Costamare (CMRE) Q1 2025 Earnings Call May 08, 2025 08:30 AM ET Speaker0 Thank you for standing by, ladies and gentlemen, and welcome to the Costamare Inc. Conference Call on the First Quarter twenty twenty five Financial Results. We have with us Mr. Gregory Zikos, Chief Financial Officer of the company. At this time, all participants are in a listen only mode. There will be a presentation followed by a question and answer session. I must advise you that this conference is being recorded today, Thursday, 05 ...
Lions Gate Entertainment Corp. Separates its Studio and STARZ Businesses into Two Independent, Publicly-Traded Companies
Prnewswire· 2025-05-07 11:30
Separation Creates One of the World's Leading Independent Pure Play Content Companies Lionsgate To Begin Trading Under the Ticker Symbol LION on the NYSE Dual Share Structure Has Been Collapsed into Single Class of Stock For media inquiries, please contact: Peter D. Wilkes 310-255-3726 [email protected] SOURCE Lionsgate "We began our journey 25 years ago as a new and different kind of studio, committed to bold, original content, agnostic to distribution platform, disciplined in our execution and powered by ...
Fortive Q1 Earnings Meet Estimates, Revenues Miss & Fall Y/Y
ZACKS· 2025-05-02 14:10
Core Insights - Fortive Corporation reported first-quarter 2025 adjusted EPS of 85 cents, in line with estimates, with a year-over-year increase of 2.4% [1] - Revenues declined 3.3% year over year to $1.47 billion, missing estimates by 1.2%, with core revenues down 1.7% [1] - The decline in revenues was primarily due to weakness in the Precision Technologies segment, partially offset by growth in Intelligent Operating Solutions and Advanced Healthcare Solutions [1] Financial Performance - Intelligent Operating Solutions generated revenues of $671.4 million, contributing 45.5% to total revenues, up 0.9% year over year [5] - Precision Technologies reported revenues of $500.6 million, down 10.5% year over year, affected by tough comparisons and customer order delays [6] - Advanced Healthcare Solutions achieved revenues of $302.2 million, up 0.8% year over year [6] - Gross profit decreased 3.1% to $880.9 million, with an adjusted operating margin of 25.3%, an increase of 20 basis points year over year [7] Strategic Developments - Fortive announced plans to separate its Precision Technologies business into an independent company, Ralliant, expected to be completed by the end of Q2 2025 [2] - The separation aims to create two focused companies, with Fortive concentrating on IOS and AHS, while Ralliant will specialize in precision instruments [2] - Management revised 2025 guidance due to delayed recovery in Precision Technologies and global tariffs, expecting adjusted diluted EPS to be $3.80 to $4 [3][10] Outlook - For Q2 2025, core performance in Precision Technologies is expected to decline, while the "New Fortive" is anticipated to maintain steady growth [12] - Adjusted EPS for Q2 is projected to be between 85 cents and 90 cents, with the Zacks Consensus Estimate at 99 cents [12] - The company is maintaining its core growth outlook for the "New Fortive," despite potential subdued demand in certain areas [11]
Teleflex Reports First Quarter Financial Results and Full Year 2025 Outlook
Globenewswire· 2025-05-01 10:30
WAYNE, Pa., May 01, 2025 (GLOBE NEWSWIRE) -- Teleflex Incorporated (NYSE: TFX) (the “Company”) today announced financial results for the first quarter ended March 30, 2025. First quarter financial summary Revenues of $700.7 million, down 5.0% compared to the prior year period; down 3.8% on an adjusted constant currency basis GAAP diluted EPS from continuing operations of $2.07, compared to $0.33 in the prior year period Adjusted diluted EPS from continuing operations of $2.91, compared to $3.21 in the prio ...
Lionsgate Studios Corp.(LION) - 2025 Q3 - Earnings Call Transcript
2025-02-06 23:00
Lionsgate Studios (LION) Q3 2025 Earnings Call February 06, 2025 05:00 PM ET Company Participants Nilay Shah - Executive VP & Head of Investor RelationsJon Feltheimer - CEOJames Barge - Chief Financial OfficerJeffrey Hirsch - President & CEOKevin Beggs - Chairman of Lionsgate Television GroupAdam Fogelson - Chairman of Motion Picture Group Conference Call Participants Steven Cahall - AnalystThomas Yeh - AnalystBarton Crockett - Managing Director & Senior Research AnalystDavid Joyce - Senior Equity Analyst - ...