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ATN Increases Dividend 15% as Part of Disciplined Capital Allocation Strategy
Globenewswire· 2025-06-20 14:30
BEVERLY, Mass., June 20, 2025 (GLOBE NEWSWIRE) -- ATN International, Inc. (Nasdaq: ATNI) announced that its Board of Directors has approved a quarterly dividend increase of 15% to $0.275 per share. The quarterly dividend will be payable on July 7, 2025, on all common shares outstanding to stockholders of record as of June 30, 2025. “The Board’s decision to increase the dividend at this time reflects our confidence in the company’s financial strength and future cash flow generation,” said Brad Martin, ATN’s ...
Strattec Security Trades at a Discount: Time to Bet on the Stock?
ZACKS· 2025-06-17 15:01
Key Takeaways STRT trades at 5.02x EV/EBITDA, well below the industry average of 18.34x. Gross margin surged 560 bps YoY as STRT raised prices and restructured operations. For FY25, planned $7.5M capex targets IT upgrades, efficiency and product development.Strattec Security Corporation (STRT) , a leading global company that manufactures high-tech locking and access systems for cars, is trading at a 5.02x trailing 12-month Enterprise Value to Earnings Before Interest, Taxes, Depreciation and Amortization ...
Strattec's Smart Spending: Cautious Capital Allocation to Fuel Growth
ZACKS· 2025-06-06 14:26
Key Takeaways STRT plans $7.5M in FY25 capital investments in IT, productivity and product innovation. Disciplined spending aims to boost margins, cut costs, and preserve strong cash and flexibility. STRT shares have soared 97.6% in a year, far outpacing the industry's 9.8% decline.Strattec Security (STRT) is focusing on disciplined capital allocation, which means that it is being selective in its spending, especially during uncertain times such as the U.S.-China tariff war and the potential production sl ...
Evolution Petroleum (EPM) - 2025 Q3 - Earnings Call Transcript
2025-05-14 16:00
Financial Data and Key Metrics Changes - Total revenues for fiscal Q3 were $22.6 million, a decrease of 2% year over year, primarily due to lower volumes, partially offset by a 7% increase in average realized commodity prices driven by stronger natural gas and NGL prices [21] - Net loss for the third quarter was $2.2 million or $0.07 per share, compared to net income of $0.3 million or $0.01 per share in the prior year [22] - Adjusted EBITDA for Q3 was $7.4 million, down from $8.5 million in the year-ago period, primarily due to lower revenue volumes and higher operating costs [22] Business Line Data and Key Metrics Changes - Natural gas revenue rose 33% year over year to $7.8 million, while NGL revenue increased 14% to $3 million, partially offsetting a 19% decline in oil revenue [10] - Total production declined 7.5% year over year to 6,667 barrels of oil equivalent per day, primarily due to planned maintenance and weather-related downtime [11] Market Data and Key Metrics Changes - Oil prices softened during April, falling nearly $12 a barrel to below $60, while natural gas prices strengthened, providing a partial offset to the decline in crude prices [10] - Approximately 40% of oil volumes are hedged at prices above $70 through the fiscal year end, providing a safety net for capital expenditures and dividends [11] Company Strategy and Development Direction - The company remains focused on disciplined capital allocation, sustaining dividends, and pursuing opportunistic growth, particularly in gas-weighted opportunities [14][15] - The recent Tex Mex acquisition adds approximately 440 barrels of oil equivalent per day of stable low decline production, aligning with the company's long-term strategy to own cash-generative low-risk assets [7][8] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to sustain dividends despite ongoing commodity price volatility, highlighting a strong operating cash flow driven by a diversified portfolio [13] - The decision to delay the start of the third development block reflects a prudent approach to focus on gas-weighted opportunities in light of recent market volatility [14] Other Important Information - The company declared a cash dividend of $0.12 per share, marking the 47th consecutive quarter of issuing a dividend [12] - The company has returned approximately $131 million or $3.93 per share to shareholders in common stock dividends to date [13] Q&A Session Summary Question: Insights on M&A market and bid-ask spreads - Management noted that while bid-ask spreads may widen with weaker oil prices, there are still encouraging opportunities in the M&A market, particularly for low decline assets [30][34] Question: Performance of new wells at Chavaroo - The new wells were completed approximately 5% under budget and are performing about 50% above initial expectations, attributed to favorable drilling conditions [39][41] Question: Impact of shifting from CO2 floods to waterflood in Delhi EOR project - Management highlighted significant cost savings of approximately $400,000 per month from this shift, with no expected negative impact on performance [51][52] Question: Clarification on production increase from Tex Mex and Chavaroo - The combined production from Tex Mex and Chavaroo is expected to exceed initial estimates, with Tex Mex contributing around 440 BOE per day [56][59] Question: Rationale for adding a new bank for credit facility - The addition of a new bank was to increase total commitments and provide flexibility while maintaining favorable terms with existing lenders [64][66]
Everus Construction Group, Inc.(ECG) - 2025 Q1 - Earnings Call Transcript
2025-05-14 15:32
Everus Construction (ECG) Q1 2025 Earnings Call May 14, 2025 10:30 AM ET Company Participants Paul Bartolai - Partner - Investor Relations PracticeJeffrey Thiede - President & CEOMaximillian Marcy - Vice President, Chief Financial Officer and TreasurerIan Zaffino - Managing DirectorQuinten Helmer - Equity Research AssociateChris Senyek - Chief Investment Strategist Conference Call Participants Brent Thielman - MD & Senior Research Analyst Operator Thank you for standing by. My name is Ian, and I will be you ...