Core Viewpoint - Stella-Jones Inc. is set to unveil its financial objectives and capital allocation priorities for the 2026-2028 period, emphasizing a growth strategy focused on operational excellence and value creation for stakeholders [1][2]. Financial Objectives - The company has introduced a three-year financial objective framework, starting with the Q4 2026 financial reports, to maintain a three-year outlook [3]. - Key financial targets for 2026-2028 include: - Annual Sales: Targeting approximately $4,000 million by 2028, up from approximately $3,500 million [4]. - Annual Organic Sales Growth: Aiming for a compound annual growth rate (CAGR) of 4-5%, compared to 4.5% CAGR for 2023-2025 [4]. - EBITDA Margin: Targeting 17.5-18.5%, slightly below the 17.9% margin achieved in 2023-2025 [4]. - Earnings Per Share (EPS): Aiming for greater than 10% CAGR, a new metric introduced for better alignment with growth strategy [4]. Capital Allocation Strategy - The company expects to maintain an EBITDA-to-free cash flow conversion rate of approximately 50% [5]. - Key priorities in the capital allocation strategy include: - Broadening its vision to be the supplier of choice for utilities and railroads [5]. - Targeting annual sales of approximately $4 billion by 2028, supported by the current asset base [5]. - Maintaining an elevated EBITDA margin of 17.5-18.5% [5]. - Introducing an EPS growth target of greater than 10% to align with strategic objectives [5]. - Shifting to an opportunistic share repurchase strategy in line with growth priorities [5]. Maintenance and Growth Capital Expenditures - The company plans to invest approximately 2.5% of sales annually in maintenance capital expenditures, translating to $85 to $95 million per year [6]. - Strategic growth opportunities will involve investments in capital expenditures and value-accretive acquisitions [6]. Commitment to Financial Health - Stella-Jones is committed to maintaining an investment-grade credit rating and a net debt-to-EBITDA ratio within the range of 2.0x-2.5x, with some flexibility for working capital and strategic investments [7]. Key Assumptions - The financial targets for 2026-2028 are based on several assumptions, including organic sales growth in wood utility poles and railway ties, and the impact of recent acquisitions [13].

DISTRIBUTED-WORK-MODEL/OAKLAND, Calif.--(BUSINESS WIRE)--Block, Inc. (NYSE: XYZ) is hosting its 2025 Investor Day today, Wednesday, November 19, 2025, at 9:00 a.m. Pacific Time in San Francisco. During the event, senior leadership will present full-year 2026 financial guidance and a three-year financial outlook as well as a $5 billion increase to its stock repurchase program as part of the company's broader capital allocation strategy. A live webcast and replay of the event will be available at. ...

Medexus Announces US$51.0 million in New Credit Facilities and Intention to Commence Normal Course Issuer Bid, or NCIB, for its Common SharesNovember 17, 2025 8:30 AM EST | Source: Medexus Pharmaceuticals Inc.Toronto, Ontario and Chicago, Illinois--(Newsfile Corp. - November 17, 2025) - Medexus Pharmaceuticals (TSX: MDP) (OTCQX: MEDXF) today entered into a new senior secured credit agreement with National Bank of Canada as administrative agent. The credit agreement provides for a US$21.0 milli ...

Financial Performance & Outlook - DTI's Q3 2025 revenue reached $38.8 million, reflecting a broad scope and scale[13] - Q3 2025 Adjusted Free Cash Flow was $5.6 million, demonstrating resilience in a lower rig count environment[13] - The company anticipates revenue between $145 million and $165 million for FY 2025[94] - Adjusted EBITDA for FY 2025 is projected to be between $32 million and $42 million, with an Adjusted Free Cash Flow between $14 million and $19 million[94] Geographic Expansion - Western Hemisphere accounted for 85% of Q3 2025 revenue, supported by 15 service and support facilities[13] - Eastern Hemisphere contributed 15% to Q3 2025 revenue, facilitated by 11 service and support facilities[13] - The company expects to double revenue contribution from the Eastern Hemisphere in FY 2025[95] Customer Base & Tool Rental - E&P Operators make up 47% of DTI's customers, Oilfield Service Companies account for 48%, and Other customers represent 5%[24] Strategic Acquisitions & Synergies - DTI achieved 100% of the $45 million in previously announced SDPI synergies by August 2025[56]

Core Insights - Abacus Global Management has announced an annual cash dividend of $0.20 per share, reflecting confidence in its long-term business model and capital strength [1][2] - The company plans to distribute up to 25% of adjusted net income or up to 55% of recurring revenue as dividends [1][2] - A $10 million share repurchase program has also been authorized as part of the capital allocation strategy [1][2] Financial Performance - The company reported record levels of cash generation and a strong balance sheet, supported by increasing capital inflows into longevity funds and growing fee income [2] - Recurring revenues are expected to approach 70% of total revenue over time, indicating a shift towards more stable income sources [2] Capital Allocation Strategy - The capital allocation strategy aims to balance investment in growth, technology, and acquisitions with returning capital to shareholders through dividends and share buybacks [2][7] - The Board of Directors will evaluate dividend opportunities based on operating cash flow, capital requirements, and strategic investment opportunities [7][8] Company Overview - Abacus Global Management specializes in alternative asset management, data-driven wealth solutions, and technology innovations [9] - The company focuses on longevity-based assets and personalized financial planning, leveraging proprietary data analytics for optimized financial outcomes [9]

Financial Data and Key Metrics Changes - Net sales increased by 7.6% year-on-year, reaching $162 million compared to $151 million in the prior year [13] - Adjusted EBITDA rose by $8.5 million, or 28.5%, totaling $38.3 million, with an adjusted EBITDA margin of 23.7%, up 390 basis points from the previous year [18] - Gross margin expanded to 35.4%, an increase of 300 basis points year-on-year [17] Business Line Data and Key Metrics Changes - In-ground pool sales increased modestly by just under 1% year-on-year, driven by fiberglass pool sales, which are expected to account for approximately 75% of full-year 2025 in-ground pool sales [6][15] - Pool covers sales grew by 15%, with significant organic growth in auto covers [9][16] - Liner sales increased by 13%, supported by the successful rollout of the Measure by Latham tool [10][16] Market Data and Key Metrics Changes - The U.S. in-ground pool market is expected to remain flat to slightly down compared to 2024 levels, yet Latham outperformed this market [4][21] - Florida sales increased at a high single-digit rate, with Latham gaining traction in master plan communities [11][12] Company Strategy and Development Direction - The company is focused on increasing awareness and adoption of fiberglass pools and auto covers, as well as expanding sales of in-ground pool liners [14] - Strategic partnerships with custom home builders in Florida are being established to enhance market presence [12][34] - Latham aims to leverage its proprietary measuring tool to gain market share in the liner product line and winter safety cover market [10][11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continued growth despite a challenging industry environment, projecting 7% sales growth and 19% adjusted EBITDA growth for 2025 [20][21] - The company anticipates that fiberglass pool and auto cover adoption will enable it to outperform the in-ground pool market [21] Other Important Information - The company ended the third quarter with a strong financial position, maintaining cash of $71 million and a net debt leverage ratio of 2.3 [19] - Capital expenditures for the third quarter were $5.8 million, with a revised estimate for full-year CapEx set at $22-$24 million [20] Q&A Session Summary Question: What have you seen in terms of upstream metrics from leads and consumer confidence? - Management noted strong lead generation throughout the peak pool building season, with significant year-over-year increases, although consumer confidence remains affected by tariff and interest rate uncertainties [25][26] Question: Can you provide context on the liners' performance and market share gains? - The performance is attributed to a combination of share gains in the replacement market and challenges in the lower end of the new construction market [27][28] Question: How did demand progress geographically throughout the quarter? - Demand was consistent across most regions, with strong performance in Florida, while Texas and California remained challenging markets [31][32] Question: What is the outlook for pricing and tariffs? - Price increases implemented in June have effectively mitigated tariff impacts, with net tariff exposure remaining stable at approximately $10 million [42][43] Question: Is there potential for accelerated market share gains in fiberglass pools? - Management believes that while a 1% market share gain per year is a reasonable expectation, increased traction in the Sand States could lead to accelerated growth [46][48] Question: What is the strategy for SG&A spending moving forward? - SG&A spending is expected to remain stable, with continued investments in sales and marketing initiatives, particularly in the Sand States [49][50]

Core Insights - AMG reported a 17% growth in Adjusted EBITDA and a 27% increase in Economic Earnings per share for Q3 2025 compared to the same quarter last year, driven by a focus on alternative strategies and disciplined capital allocation [2][5] - The company achieved approximately $9 billion in net inflows during Q3 and $17 billion year-to-date, indicating strong client demand for alternative strategies [2][5] - AMG announced new partnerships and collaborations, including a strategic collaboration with BBH to develop new products for the U.S. wealth market, enhancing its position in alternative strategies [3][5] Financial Highlights - As of September 30, 2025, AMG's Assets Under Management (AUM) reached approximately $804 billion, up from $728.4 billion a year earlier [4] - Net income for Q3 2025 was $212.4 million, including a gain of approximately $100 million from the Peppertree transaction [5][18] - Economic earnings per share for Q3 2025 were $6.10, reflecting a 27% growth compared to the prior-year quarter [5][18] Capital Management - The company repurchased approximately $77 million in common stock during Q3 2025, bringing total year-to-date repurchases to approximately $350 million [7] - A cash dividend of $0.01 per share was announced for Q3 2025, payable on November 28, 2025 [7] Strategic Initiatives - AMG has expanded its participation in areas of secular growth, including four new partnerships with firms managing alternative strategies since the beginning of the year [3] - The collaboration with BBH is expected to leverage BBH's expertise in structured and alternative credit investments, enhancing AMG's product development and distribution capabilities [3]

Core Points - Murphy USA Inc. announced the appointment of Mindy K. West as President and Chief Executive Officer, effective January 1, 2026, succeeding Andrew Clyde, who will retire on December 31, 2025 [1][3][4] - The Board reaffirmed its 50/50 long-term capital allocation strategy, which includes a new share repurchase program and an increase in the quarterly cash dividend [2][5][7] Leadership Transition - Mindy K. West has been with Murphy USA since 1996 and has held various leadership roles, including Chief Operating Officer since February 2024 [3][4] - Andrew Clyde, the outgoing CEO, will remain with the company as a non-executive advisor until February 2027 to ensure a smooth transition [4][6] Capital Allocation Strategy - The Board approved a new share repurchase program of up to $2 billion, set to begin after the current $1.5 billion program is completed, of which $337 million remains [5][7] - A quarterly cash dividend of $0.63 per share was declared, reflecting a 19% increase from the previous quarter, with an annualized dividend of $2.52 [5][7] Growth and Reinvestment - The company plans to open 50 or more new-to-industry (NTI) locations annually, supported by a robust pipeline and recent acquisitions [8] - Management intends to increase reinvestment in existing locations starting in 2026, funded by tax benefits from recent legislation [8][9] Financial Position - Murphy USA aims to maintain a conservative balance sheet, targeting a long-term debt-to-earnings ratio of under 2.5x [9]

Core Insights - The St. Joe Company reported significant growth in revenue and net income for the third quarter and first nine months of 2025, with total revenue increasing by 63% to $161.1 million and net income rising by 130% to $38.7 million compared to the same period in 2024 [3][10][5]. Financial Performance - Quarterly net income attributable to the Company increased by 130% to $38.7 million, or $0.67 per share, from $16.8 million, or $0.29 per share [10]. - Total consolidated revenue for the first nine months of 2025 increased by 29% to $384.4 million, compared to $298.4 million for the same period in 2024 [7]. - Earnings before interest, taxes, depreciation, and amortization (EBITDA) for the third quarter increased by 72% to $68.8 million, while EBITDA for the first nine months increased by 33% to $164.6 million [11][30]. Revenue Breakdown - Real estate revenue surged by 199% to $83.8 million in the third quarter, driven by a significant increase in residential real estate sales [14][5]. - Hospitality revenue reached a record of $60.6 million in the third quarter, marking a 9% increase from the previous year [18]. - Leasing revenue also set a record at $16.7 million for the third quarter, up 7% from the same period in 2024 [19]. Capital Allocation and Shareholder Returns - The Company funded $20.4 million in capital expenditures and repurchased $8.7 million of its common stock in the third quarter of 2025 [22]. - A cash dividend of $0.16 per share was declared, representing a 14% increase from the previous quarter [13]. - Since initiating its current dividend program in 2020, the Company has increased quarterly dividend payments by 129% [13]. Joint Ventures and Future Prospects - The Watercrest joint venture sold a senior living community for $41.0 million, resulting in a gross profit of $19.4 million [6]. - The Company has 1,992 residential homesites under contract, expected to generate approximately $146.2 million in revenue over the coming years [16]. - New non-stop flights from Northwest Florida Beaches International Airport to LaGuardia Airport are anticipated to enhance the Company's market reach [4].

Financial Data and Key Metrics Changes - West Fraser Timber Co. Ltd. reported an adjusted EBITDA of negative $144 million for Q3 2025, indicating continued operation within an extended cycle trough [3] - The lumber segment's adjusted EBITDA was negative $123 million, a significant decline from $15 million in Q2 2025, primarily due to lower pricing and a $67 million out-of-period duty expense [7] - Cash flow from operations was $58 million, with a net cash balance of $212 million, down from $310 million in the prior quarter [9] Business Line Data and Key Metrics Changes - The North America EWP segment posted negative $15 million in adjusted EBITDA for Q3 2025, down from $68 million in Q2, driven by lower OSB pricing [7] - The pulp and paper segment reported negative $6 million in adjusted EBITDA, compared to negative $1 million in the previous quarter, largely due to an annual maintenance shutdown [8] - The Europe business generated $1 million in adjusted EBITDA, similar to the $2 million reported in Q2 2025 [8] Market Data and Key Metrics Changes - U.S. housing starts averaged 1.31 million units annually through August, reflecting stable but uninspiring levels of new home construction [4] - The company noted subdued demand in repair and remodeling, continuing a trend observed in previous quarters [4] Company Strategy and Development Direction - The company is focused on maintaining a strong balance sheet and liquidity profile, allowing for countercyclical investments and opportunistic growth [5][11] - Actions taken include the permanent removal of 820 million board feet of capacity, representing approximately 12% of the company's lumber capacity, to create a more resilient business [11][12] - The company plans to continue managing its asset portfolio prudently while remaining flexible in its operating strategy to meet customer needs [12][14] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the company's ability to navigate the challenging business environment, supported by a strong financial position [11] - The company is monitoring macroeconomic conditions and trade policies closely, indicating readiness to respond to changes in the market [15] - Despite a challenging year-to-year outlook, management remains optimistic about the longer-term prospects for the industry [16] Other Important Information - The U.S. Department of Commerce announced final CVD and ADD rates for AR6 at a combined rate of 26.5%, with West Fraser having the lowest duty rate in the Canadian industry [10] - A proclamation imposing Section 232 tariffs of 10% on imported softwood timber and lumber into the U.S. took effect on October 14, 2025 [10] Q&A Session Summary Question: Approach to managing production in lumber and North America OSB - Management highlighted actions taken early in the cycle, including mill closures and adjustments to shift configurations, to remain nimble in production management [18][19] Question: Implied Q4 operating rate for OSB - The implied operating rate for Q4 is expected to be around 80%, influenced by maintenance shutdowns during the weaker seasonal period [20][22] Question: M&A opportunities in the current down cycle - Management emphasized a quality-first approach to M&A, indicating that while there are opportunities, they remain selective and focused on enhancing the company's strength [23][24] Question: Federal support for the lumber industry - Management noted ongoing discussions with the government regarding support measures for the industry, although specific details were not provided [28][30] Question: Inventory levels in the U.S. channel - Management indicated that their inventory levels are intentionally lean, with customers purchasing as needed, but they do not have visibility into customer inventory levels [31][34] Question: Conditions in Canadian markets and competitor behavior - The Canadian market remains competitive, with no significant changes in demand or competitor behavior noted since the imposition of higher U.S. duties [46][47] Question: Capital expenditures outlook for 2026 - Management indicated that they will provide 2026 capital expenditure guidance in February, with a focus on operationalizing major projects completed in recent years [50] Question: State of the Caribou Pulp facility post-fire - The Caribou Pulp facility has been repaired and is back up and running, with positive signs of improvement in the European segment [51]