(2025-11-19) Kitron ASA, through its subsidiary Kitron Holding AB, has entered into an agreement to acquire DeltaNordic AB, a Swedish provider of advanced electronics and electrical systems with a strong foothold in the defence market. “DeltaNordic has established itself as a reputable supplier of robust electronics and advanced electrical systems for defence and other demanding sectors such as mining, construction, and infrastructure. These markets are expected to drive significant growth, with a three-yea ...

SoftBank has joined a push to oust GoTo's CEO, paving the way for a potential acquisition by Grab https://t.co/360qdXsrEr ...

Grindr said its largest shareholders are exploring an acquisition to take the company private at no less than $15 a share, confirming an earlier media report https://t.co/rv2jwTkdLN ...

Core Insights - Griffon Corporation (GFF) is experiencing strong demand in the residential market, bolstered by robust repair and remodeling activities in the residential construction sector, alongside a recovery in the commercial construction market driven by various customer projects [1][8] Acquisitions - In July 2024, Griffon acquired Pope, an Australia-based provider of residential watering products, through its subsidiary, The AMES Companies, which contributed 1% to the Consumer and Professional Products (CPP) segment's revenues in Q3 fiscal 2025 [2] - In January 2022, Griffon acquired Hunter, a provider of residential ceiling and commercial fans, which has also been integrated into the CPP segment, enhancing its consumer product offerings [3] Shareholder Returns - Griffon is committed to rewarding shareholders, having paid $31.6 million in dividends and repurchased shares worth $113 million in the first nine months of fiscal 2025. In fiscal 2024, the company distributed $35.8 million in dividends and $309.9 million in buybacks, with a 20% increase in quarterly dividends announced in November 2024 [4] Segment Performance - The CPP segment is facing challenges, with a 16% year-over-year decline in revenues during Q3 fiscal 2025, primarily due to reduced consumer demand across most regions except Australia, and particularly weak demand in the Hunter Fan business [5][8] Financial Position - Griffon has a highly leveraged balance sheet, exiting the fiscal third quarter with long-term debt of $1.44 billion and current liabilities of $338 million, which exceeds cash equivalents of $107.3 million, indicating insufficient cash to meet short-term obligations [6] Competitive Landscape - Griffon operates in a competitive environment within the Zacks Diversified Operations industry, facing competition from peers such as 3M Company, Carlisle Companies Incorporated, and Builders FirstSource, Inc. [7]

eBay’s acquisition of Tise indicates that it's looking to modernize its platform to attract younger shoppers, expand its social commerce tools, and build a stronger presence in the sustainable retail market. https://t.co/463CkloU1C ...

Core Viewpoint - Baker Hughes has completed a $540 million all-cash acquisition of Continental Disc Corporation, enhancing its product offerings in the flow control market [1][2]. Group 1: Acquisition Details - The acquisition of Continental Disc Corporation (CDC) was finalized for $540 million in cash [1]. - CDC's critical pressure management solutions will complement Baker Hughes' existing valves product line [2]. Group 2: Financial Impact - The acquisition is expected to be immediately accretive to earnings and cash flow per share [2]. - It is anticipated to positively impact the segment margins of Industrial & Energy Technology [2].

Mergers and Acquisitions - CoreWeave 以 90 亿美元收购 Core Scientific，这让持有这家较小公司可转换债券的投资者措手不及 [1]

Mergers and Acquisitions - Shell denies pursuing acquisition of BP [1] - Other deals are not precluded despite Shell's denial of BP acquisition [1]

Financial Data and Key Metrics Changes - The company reported record results for revenue, adjusted EBITDA, adjusted earnings per diluted share, and adjusted net income for the fourth quarter of fiscal year 2025, with revenue of $231 million, adjusted EBITDA of $60 million, adjusted earnings per diluted share of $2.24, and adjusted net income of $38 million [4][10] - For the full fiscal year 2025, revenue reached $878 million, representing an 11% growth, with adjusted EBITDA of $228 million and adjusted earnings per diluted share of $8.41 [5][10] - Cash flow from operations for the full year was $168 million, a 2% increase compared to the prior fiscal year [18][19] Business Segment Data and Key Metrics Changes - The Contractor Solutions segment generated $166 million in revenue, accounting for 71% of consolidated revenue, with a 17.5% growth compared to the prior year [13] - The Specialized Reliability Solutions segment saw a revenue decrease of 9% to $38 million, primarily due to softer market demand [14][15] - The Engineered Building Solutions segment's revenue decreased by 4% to $28.7 million, attributed to the timing of project completions [16] Market Data and Key Metrics Changes - The company experienced organic growth in Contractor Solutions driven by higher volumes and pricing actions, while the other two segments faced declines [10][11] - The HVACR and electrical end markets showed growth during the quarter, contributing to the Contractor Solutions segment's performance [14] Company Strategy and Development Direction - The company announced the acquisition of Aspen Manufacturing for $313.5 million, aimed at expanding its HVACR product offerings [5][20] - The company plans to continue pursuing accretive acquisitions and expects to deliver sustainable growth that exceeds the markets served [28][29] - The strategic move to the New York Stock Exchange is anticipated to enhance liquidity for shareholders [6] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about future growth, expecting revenue and adjusted EBITDA growth for each segment in fiscal year 2026 [21][27] - The company is focused on managing the impact of tariffs and has implemented pricing actions to offset costs [26] - Management noted that while there may be some margin compression, the overall strategy remains focused on protecting margin dollars [26] Other Important Information - The company reported a strong balance sheet with $226 million in cash at the end of the fiscal fourth quarter [18] - The effective tax rate for the fiscal fourth quarter was 24.6% on a GAAP basis [21] Q&A Session Summary Question: Impact of tariffs on COGS - Management indicated that there has not been much trailing impact from tariffs yet, as they had brought in extra inventory to mitigate potential costs [34][35] Question: M&A pipeline and debt repayment - Management confirmed that they remain acquisitive and will utilize the revolving credit facility for larger acquisitions while smaller acquisitions can be funded through free cash flow [39] Question: Pricing actions and margin implications - Management stated that pricing actions are ongoing and are expected to match tariff costs, with a focus on maintaining margins [49][50] Question: Demand changes entering spring and summer - Management noted that demand has been relatively normal, with a strong performance in Contractor Solutions despite a slow start to the hot season [52][76] Question: Timeline for achieving 20% EBITDA margin in Engineered Building Solutions - Management reiterated that the 20% EBITDA margin target remains, but achieving it will depend on overcoming cost and pricing challenges [87] Question: Strategies to address poor performance in Specialized Reliability Solutions - Management highlighted that volume was the main issue, and they are focusing on product development and operational improvements to enhance margins [90][92]