Operating cash flow improved by $49 million year over year. Corkrean reiterated that operating cash flow in fiscal 2026 is expected to be weighted to the second half. Leverage stood at 3.1x net debt to adjusted EBITDA , unchanged from fiscal year-end 2025 and down from 3.5x a year earlier.Adjusted SG&A expense rose 4% year over year, but Corkrean noted that excluding acquisitions and foreign exchange, SG&A was down slightly due to expense discipline. Adjusted EPS was $0.57 , up 6% from the prior-year quarte ...

Reed's (NYSEAM:REED) Q4 2025 Earnings call March 25, 2026 08:30 AM ET Company ParticipantsDouglas McCurdy - CFONeal Cohane - Interim CEO and COOConference Call ParticipantsNone - AnalystOperatorGood morning, and welcome to Reed's Fourth Quarter and Full Year 2025 Earnings Conference Call for the three and twelve months ended December 31, 2025. My name is Joelle, and I will be your conference call operator for today. We will have prepared remarks from Neal Cohane, Reed's Interim Chief Executive Officer and C ...

Valmet is initiating negotiations on potential changes to its manufacturing operations in Sweden and Poland. The company has begun talks about a possible closure of its Sundsvall site in Sweden, as well as restructuring measures at its Gothenburg facility and the Jelenia Góra site in Poland. The measures under consideration could affect up to 170 positions in Sundsvall, 55 roles in Gothenburg, and 130 jobs in Jelenia Góra. Valmet cited ongoing economic uncertainty and its impact on customer behaviour a ...

The company reported third-quarter revenue of $24 billion, beating analyst estimates of $23.42 billion, according to Benzinga Pro. The company posted third-quarter adjusted earnings of $5.25 per share, beating estimates of $4.13 per share."Team FedEx delivered another quarter of strong financial results and excellent service for our customers, powered by disciplined operational execution, the resilience of our global network, and the accelerating impact of our advanced digital solutions," said Raj Subramani ...

FedEx Corp. on Thursday reported strong fiscal third-quarter earnings, exceeding optimistic analyst expectations, and raised full-year guidance once again. Corporate revenue increased 8% year over year to $24 billion, beating consensus estimates by $520 million, and adjusted earnings per share hit $5.25 (consensus was $4.09), up 16%, behind yield and volume strength across nearly all package services, plus cost savings from restructuring initiatives. FedEx (NYSE: FDX) delivered strong results for the quar ...

Core Insights - BP plc has signed an agreement to sell the Gelsenkirchen refinery and associated businesses to Klesch Group, part of its strategy to reduce costs and simplify its portfolio [1][8] - The sale is expected to enhance BP's balance sheet and improve free cash flow, while also reducing the cash breakeven for its retained refining business [3][8] Structural Cost Reduction Targets - Following the sale, BP has raised its structural cost-reduction target to $6.5-$7.5 billion by 2027, up from an initial target of $4-$5 billion [2] - The increase includes approximately $1 billion in expected savings from the Gelsenkirchen refinery assets [2] Details of the Transaction - The transaction includes the Gelsenkirchen refinery, Bottrop tank farm, DHC Solvent Chemie GmbH, and BP's stakes in logistics joint ventures and petrochemical businesses [5] - The deal is expected to close in the second half of 2026, pending regulatory approvals [5] Refinery Capacity and Production - The Gelsenkirchen refinery has a processing capacity of around 12 million tons of crude oil annually, primarily producing fuels for vehicles and aircraft [4]

Group 1 - BP announced the sale of its Gelsenkirchen refinery to Klesch Group [1] - The company has raised its cost reduction target by approximately $1 billion, now aiming for $6.5 to $7.5 billion by 2027 [1]

18 Mar 2026 CMB International Global Markets | Equity Research | Company Update Chuangxin Industries (2788 HK) Chuangxin Industries (2788 HK) 2025 profit +33% YoY; surprising dividend Chuangxin's net profit in 2025 grew 33% YoY to RMB2.73bn, which is 5% above our expectations but 2% below Bloomberg consensus. Chuangxin proposed a final dividend of HK$0.77/shr, equivalent to ~54% payout, which is higher than our expectation. Meanwhile, Chuangxin announced two connected transactions, including (1) the acquisi ...

On profitability, gross profit in the quarter was $12.8 million , compared with $11.1 million in the prior comparable quarter. Over the seven-month transition period, gross margin improved to 31% from 26% a year earlier, which Lake said was primarily driven by higher HA volume and better manufacturing absorption.Chief Financial Officer Ryan Lake attributed the quarterly revenue increase primarily to a $5.6 million increase in hyaluronic acid (HA) manufacturing , driven mainly by the timing of revenue tied t ...

Core Viewpoint - Verizon Communications Inc. (NYSE:VZ) is recognized as one of the 15 Best Dividend Leaders to buy currently, with a positive outlook on subscriber growth and cost reduction strategies [1]. Group 1: Price Target and Ratings - Oppenheimer raised its price target for Verizon from $50 to $56, maintaining an Outperform rating based on positive subscriber growth trends [2]. - The firm indicated strong visibility regarding Verizon's planned $5 billion in expense reductions, which includes a 10% reduction in headcount and lower capital expenditures [2]. Group 2: Cost Reduction Strategies - Asset rationalization is expected to yield approximately $500 million in savings, alongside reductions in spending on third-party vendors and outsourced contractors [3]. - There is potential for additional cost reductions and monetization opportunities if Verizon engages DOX to modernize its OSS/BSS systems [3]. Group 3: Company Overview - Verizon Communications Inc. operates as a holding company, providing a range of communications, technology, information, and streaming products and services to consumers, businesses, and government entities [4].