European frozen-food group Nomad Foods today (10 October) named Flora Foods Group’s Dominic Brisby as its CEO. Brisby, who has worked for the plant-based dairy group for almost four years, will take the helm at Nomad in January. He will succeed Stéfan Descheemaeker, who is retiring after 11 years leading the Birds Eye and Iglo brands owner. Descheemaeker joined Nomad as CEO in 2015 not long after the business, set up 12 months earlier, made its first acquisition when it snapped up Iglo for €2.6bn (then $ ...

Key Takeaways Gold Fields' operating cash flow jumped 203.5% to $1.31B in the first half of 2025.Higher gold prices and a 24% rise in production drove the strong financial performance.A 4% drop in AISC and a doubled interim dividend highlight improved cost control and returns.Gold Fields Limited (GFI) generated robust cash flow in the first half of 2025, which, in turn, drove a substantial increase in its interim dividend. Specifically, cash flows from operating activities were around $1.31 billion compared ...

Rocket Lab TodayRKLBRocket Lab$65.31 +3.80 (+6.18%) 52-Week Range$8.99▼$68.53Price Target$42.27Add to WatchlistRocket Lab USA NASDAQ: RKLB has gone from strength to strength over the past year, cementing its position as one of the most dominant players in the space launch and infrastructure industry, second only to SpaceX. The company’s stock has been on an absolute tear, surging 141% year-to-date and nearly 560% over the past 12 months, a staggering return that has turned early believers into big winners. ...

Key Takeaways DuPont will acquire Sinochem (Ningbo) RO Memtech to expand FilmTec RO production in China. The move strengthens DuPont's Asia-Pacific presence and brings manufacturing closer to customers.Local production enhances cost efficiency, sustainability, and supply chain resilience for DuPont.DuPont de Nemours, Inc. (DD) has agreed to acquire Sinochem (Ningbo) RO Memtech Co.,Ltd., a company based in Zhejiang Province, China. This acquisition is intended to broaden DuPont's capacity for producing its ...

Financial Data and Key Metrics Changes - Total adjusted sales grew 13% to $740 million year over year, with organic sales growth at 17% when excluding landing gear sales from the previous year [9][10] - Adjusted EBITDA increased 18% to $86.7 million, with adjusted EBITDA margins rising to 11.7% from 11.3% [9] - Adjusted diluted EPS increased by 27% to $1.08 from $0.85 in the same quarter last year [10] Business Line Data and Key Metrics Changes - Parts supply sales grew 27% to $318 million, with adjusted EBITDA of $43.8 million, up 34%, and adjusted EBITDA margin increasing to 13.8% from 13.1% [10][11] - Repair and engineering sales decreased 1% to $215 million, but organic sales growth was 8% when excluding landing gear divestiture, with adjusted EBITDA of $28.1 million, up 1% [11][12] - Integrated solutions sales increased by 10% year over year to $185 million, with adjusted EBITDA of $14.2 million, up 5% [12] Market Data and Key Metrics Changes - Adjusted sales growth to government customers increased 21%, while adjusted organic sales to commercial customers increased 15% [9] - Total commercial sales accounted for 71% of total sales, with government sales making up the remaining 29% [9] Company Strategy and Development Direction - The company is focused on driving growth through market share capture and new business, improving margins through cost efficiency, and increasing intellectual property through software investments [5][15] - The acquisition of Aerostrat is expected to enhance software capabilities and expand the reach of Trax software solutions [8][14] - The company aims to continue strengthening its offerings with targeted acquisitions to accelerate its strategy [15][16] Management's Comments on Operating Environment and Future Outlook - Management expects sales growth of 7% to 10% for Q2, with organic sales growth approaching 10% for the full fiscal year [15] - The company is encouraged by the additional assets coming to market, which is expected to drive growth in the USM business [31] - Management highlighted the importance of maintaining cash positivity while investing in inventory to support growth [37] Other Important Information - The company invested over $50 million in inventory to support future growth, particularly in parts supply [14] - Net debt leverage increased slightly from 2.72 times to 2.82 times due to organic and inorganic investments [13] Q&A Session Summary Question: What is behind the slight uptick in full-year expectations? - Management indicated that parts supply is leading the way with a strong quarter showing 27% organic growth [18] Question: Can you comment on the pipeline for new distribution agreements? - Management noted that the majority of recent wins have been from taking market share, with a different exclusive distribution model resonating well [19][20] Question: Do you expect to outgrow the market within distribution? - Management confirmed the expectation to maintain growth above market rates in distribution [24] Question: What are the cross-selling opportunities within repair and engineering? - Management stated that they are in the early stages of executing a cross-selling strategy, with a long pipeline of opportunities [26] Question: Has the trend in USM sales continued into the current quarter? - Management confirmed a meaningful growth in USM business, driven by a loosening supply of assets [31] Question: What is the margin opportunity for parts supply with more USM available? - Management indicated that while USM margins have been depressed, they expect margins to expand as more supply comes to market [32] Question: Is there an agreement with Aerostrat employees to retain key personnel? - Management confirmed an earnout agreement for key team members to incentivize retention [33] Question: What is the company's exposure to engine-related aftermarket services? - Management highlighted significant exposure, with 80% of USM parts being engine-related [41] Question: How far along is Trax in becoming a digital marketplace? - Management stated that they are actively investing in making Trax a digital marketplace, with announcements expected in the first half of 2026 [45]

#Solana is positioned for a strong run in Q4, especially as speed, cost efficiency, network growth align ⚡ ...

Core Insights - Lennar Corporation reported a significant decline in net earnings for Q3 2025, with net earnings of $591 million or $2.29 per diluted share, down from $1.2 billion or $4.26 per diluted share in Q3 2024 [2][4]. - The company delivered 21,584 homes and recorded 23,004 new orders, reflecting a 12% increase in new orders compared to the previous year [3][4]. - The average sales price of homes decreased to $383,000 in Q3 2025 from $422,000 in Q3 2024, primarily due to market weakness [6][7]. Financial Performance - Total revenues for Q3 2025 were $8.8 billion, down 9% from $9.4 billion in Q3 2024, mainly due to a decrease in home sales revenue [4][6]. - Homebuilding operating earnings were $760 million, with a gross margin of 17.5%, down from 22.5% in the prior year [4][7]. - Selling, general and administrative (SG&A) expenses increased to $676 million, representing 8.2% of revenues, up from 6.7% in Q3 2024 [8]. Operational Highlights - The company ended the quarter with a backlog of 16,953 homes valued at $6.6 billion [4][31]. - Inventory turns improved to 1.9 times, and cycle time decreased to 126 days, the shortest cycle time recorded [3]. - The company repurchased 4.1 million shares for $507 million at an average price of $122.97 [12]. Segment Performance - Financial Services segment operating earnings increased to $178 million, up from $144 million in Q3 2024, driven by higher profit per locked loan [9]. - The Multifamily segment reported an operating loss of $16 million, compared to operating earnings of $79 million in the prior year, impacted by a one-time gain in 2024 [10]. - Lennar Other segment operating earnings were $62 million, up from $20 million in Q3 2024, primarily due to mark-to-market gains on technology investments [10][22]. Guidance - For Q4 2025, the company expects new orders between 20,000 and 21,000 homes, deliveries of 22,000 to 23,000 homes, and a gross margin of approximately 17.5% [5][13]. - The average sales price for Q4 is projected to be between $380,000 and $390,000, with SG&A as a percentage of home sales expected to be between 7.8% and 8.0% [13]. Market Conditions - The company noted that elevated interest rates persisted throughout Q3 but showed signs of decline towards the end of the quarter, providing optimism for future performance [3]. - The long-term need for housing remains, and the company is focused on meeting affordability and sustaining production through efficiency and scale [5].

Core Insights - Prairie Operating Co. has significantly increased its production, achieving an average of 21,052 barrels of oil equivalent per day (Boe/d) in Q2 2025, which is over five times its Q1 output [1][10] - The company has a robust drilling schedule, having drilled 18 wells and completed nine during the quarter, showcasing efficiency with eight wells drilled in one continuous run at the Rusch pad [2][10] - Prairie is focused on cost management and efficiency, reducing drilling times to just over five days and utilizing an electric frac fleet to lower emissions [3][10] Production and Drilling Activity - The surge in production is attributed to a busy drilling schedule, with Prairie drilling 18 wells and completing nine in Q2 2025 [2] - The company employed innovative techniques such as U-shaped laterals to enhance production while minimizing land use [2] - Prairie anticipates maintaining strong output levels in 2025, projecting an average production between 24,000 Boe/d and 26,000 Boe/d [2] Cost Management and Efficiency - Prairie has successfully cut drilling times to just over five days while keeping expenditures nearly on budget [3] - The deployment of an electric frac fleet has contributed to reduced emissions and faster completion times [3] Market Position and Strategy - Prairie Operating Co. has secured 157 permits and identified around 700 drilling locations, providing a strong inventory for over 10 years [6] - The company is focusing on the DJ Basin while larger competitors like Chevron and Civitas Resources are diversifying their efforts, allowing Prairie to capture value in a less competitive environment [4][6] Stock Performance and Valuation - Shares of Prairie Operating Co. have declined over 60% this year, contrasting with a 5.4% increase in the Oil/Energy sector [7] - The company is currently trading at a discount in terms of forward price-to-sales ratio compared to the industry average [8]

Financial Performance Summary - Enero Group's net revenue from continuing operations decreased by 3% from A$143.5 million in FY24 to A$138.7 million in FY25[39] - EBITDA from continuing operations increased by 2% from A$13.9 million in FY24 to A$14.1 million in FY25[39] - EBITDA margin from continuing operations increased by 0.5 percentage points, from 9.7% in FY24 to 10.2% in FY25[39] - Including discontinuing operations (OBMedia), net revenue decreased by 11% from A$189.7 million in FY24 to A$168.3 million in FY25[39] - Including discontinuing operations, EBITDA decreased by 30% from A$37.4 million in FY24 to A$26.2 million in FY25[39] - Including discontinuing operations, EBITDA margin decreased by 4.1 percentage points, from 19.7% in FY24 to 15.5% in FY25[39] Segment Performance - The Technology, Healthcare & Consumer (THC) Practice saw a 3% decrease in revenue, from A$143.5 million to A$138.7 million, but EBITDA increased slightly by 0.2% from A$22.8 million to A$22.9 million[40] - Hotwire Global's revenue decreased by 4% from A$81.7 million to A$78.6 million, but EBITDA increased by 15% from A$9.6 million to A$11.1 million[12] - BMF's revenue decreased by 2% from A$35.0 million to A$34.4 million, and EBITDA decreased by 14% from A$8.0 million to A$6.9 million[12] Half-on-Half Performance - In the THC Practice, H2 revenue increased by 2% compared to H1 (A$70.1 million vs A$68.7 million)[8] - The THC Practice's EBITDA margin improved by 1.7 percentage points from H1 to H2 (9.3% vs 11.0%)[8] - Corporate costs reduced 24% in FY25 H2 on prior half and in FY25 H2 represents 4.7% of revenue (excluding share-based payments)[9]

Financial Performance - Adjusted EBITDA increased to $160.7 million compared to $157.0 million in Q3 FY24[15] - Adjusted EBITDA percentage improved to 14.2% from 13.5% in Q3 FY24[15] - Adjusted Class A Earnings Per Share increased to $1.03 from $0.92 in Q3 FY24[15] - Adjusted Free Cash Flow significantly increased to $170.7 million from $34.3 million in Q3 FY24[15] Portfolio Transformation - The company entered into a definitive agreement to divest the Containerboard business for $1.8 billion, expected to close effective August 31st, 2025[4] - The company also entered into a definitive agreement to divest the Land Management business for $462 million ($2,671/acre), anticipated October 1st[6,17] - Post-close, the anticipated proforma leverage ratio is less than 1.2x, targeting a range of 2.0 – 2.5x[6] Cost Optimization - The company achieved $20 million in run-rate savings as of Q3'25[6] - The company is committed to achieving $100 million in run-rate savings by 2027[6] - The company announced the closure of the Merced, CA steel and polymer plant as part of cost optimization efforts[6,17] Segment Performance - Customized Polymer Solutions net sales increased from $314.7 million to $339.8 million[18] - Durable Metal Solutions net sales decreased from $424.1 million to $399.8 million[18] - Sustainable Fiber Solutions net sales decreased from $325.6 million to $308.0 million[18] - Integrated Solutions net sales slightly increased from $86.2 million to $87.1 million[18] Guidance - The company provided 2025 Adjusted Free Cash Flow guidance of $305 - $315 million[22]