Company Overview - Vow ASA is a leader in the cruise market for wastewater purification and waste valorisation, providing technology and solutions that facilitate industries' transition to a fossil-free future by converting biomass and waste into valuable resources and clean energy [4] - The company operates through its subsidiaries Scanship, C.H. Evensen, and Etia, focusing on preventing pollution and generating clean energy for various industries [2] Technology and Solutions - Vow's advanced technologies enable industry decarbonisation and material recovery, converting biomass, sewage sludge, plastic waste, and end-of-life tyres into clean energy, low carbon fuels, and renewable carbon [3] - The solutions offered by the company are scalable, standardised, patented, and thoroughly documented, demonstrating a proven capability to deliver [3] Financial Update - On 15 July 2025, Vow ASA announced a restatement of EBITDA in the Q1 2025 report and an expected one-off EBITDA charge in the H1/Q2 2025 accounts, which led to a breach of financial covenants under its loan facilities with DNB [1] - Following discussions with DNB, the company has obtained a formal waiver for the reporting periods ending on 30 June 2025 [1]

Core Viewpoint - Warren Buffett emphasizes the importance of long-term investment rather than market timing, suggesting that investors should accumulate time in the market to benefit from economic growth in the U.S. [1] Group 1: Investment Strategy - Buffett's cash holdings as a percentage of total assets in Berkshire Hathaway can indicate his market sentiment, with high cash levels suggesting he is waiting for better investment opportunities [2][3] - Current cash levels in Berkshire Hathaway have not been seen since previous economic downturns, indicating a potential strategy of waiting for lower stock prices [3] Group 2: Company Analysis - High-quality, resilient companies such as PepsiCo, Waste Management, and Costco are highlighted as attractive investment options in a potentially overvalued market [4] - PepsiCo's current P/E ratio of 18.1x is below its historical average of 23.0x, suggesting it may be undervalued and suitable for a dollar-cost averaging strategy [5][6] - Waste Management is recognized for its stable business model and consistent long-term returns, with a current P/E ratio of 33.89 and a price target of $254.35, indicating a potential 23% upside from its current price [9][11] - Costco is noted for its resilience and ability to deliver value, despite having a high P/E ratio of 55.64, which reflects its premium status in the retail sector [13][14]

DURHAM, N.C., Aug. 19, 2025 (GLOBE NEWSWIRE) -- 374Water Inc. (NASDAQ: SCWO) (“374Water”) (the “Company”), a global leader in organic waste destruction technology and services for the municipal, federal, and industrial markets, today announced the successful waste destruction of toxic PFAS in concentrated landfill leachate utilizing our commercial-scale AirSCWO system. These waste destruction results showcase the effectiveness of our AirSCWO technology to destroy one of the most problematic waste streams co ...

A growing number of water systems across the US are contaminated with PFAS, a group of thousands of synthetic chemicals that persist in the environment and are linked to cancer and other health problems. As federal regulations tighten, utilities and industrial players are under pressure to do more than just contain these compounds. They need to destroy them. That’s left governments, cities, and businesses searching for better ways to deal with the problem. After setting landmark drinking water limits on PFA ...

Group 1: Market Overview - The S&P 500 is expected to have an above-average year in 2025 following a rapid recovery from a steep sell-off in April, with gains of over 20% in both 2023 and 2024 [1][2] Group 2: WM (Waste Management) - WM has outperformed the S&P 500 over the last five and ten years, despite the S&P's gains being driven by megacap tech stocks [4][6] - The company has a stable business model focused on waste management, which is essential as population and economic growth increase the demand for waste collection and processing [5][6] - WM reported a 29.9% total company margin under adjusted EBITDA, with a 7.1% growth in its legacy business and 19% overall revenue growth due to the acquisition of Stericycle [7][9] - The Stericycle acquisition, valued at $7.2 billion, enhances WM's position in the healthcare waste market, while a previous acquisition of Advanced Disposal for $4.6 billion expanded its geographic coverage [8][9] - WM has a premium valuation at 29.9 times forward earnings, supported by stable free cash flow used for dividends, stock repurchases, and reinvestment [9][10] - The company has raised its dividend for 22 consecutive years, with a recent 10% increase, resulting in a yield of 1.5% [10][11] Group 3: IBM (International Business Machines) - IBM, despite being over a century old, is characterized as a growth stock due to its strong exposure to AI, with a generative-AI book of business valued at $7.5 billion since 2023 [12][14] - The stock offers an attractive forward dividend yield of 2.6%, making it a solid option for passive income while benefiting from AI market growth [13][18] - IBM's five-year average payout ratio of 156% raises concerns, but its strong free cash flow covers the dividend, alleviating investor worries [16] Group 4: Delta Air Lines - Delta Air Lines offers a dividend with a current yield of 1.4% and is positioned as a growth stock, contrary to traditional views of airlines as cyclical businesses [19][20] - The company's focus on sustainable premium cabin revenue and loyalty programs reduces earnings cyclicality, contributing to long-term growth potential [20][21] - Delta is well-positioned to manage rising airport costs, as these costs represent a smaller portion of its business compared to low-cost carriers, and the airline industry is exhibiting more disciplined behavior [22]

Financial Performance - Net operating revenues for Q2 2025 were $20.3 million, down from $23.1 million in Q2 2024, representing a decrease of approximately 12.1% [2] - Net income attributable to common shareholders in Q2 2025 was $0.3 million, compared to $1.0 million in Q2 2024, indicating a decline of 70% [2] - Basic net income per share for Q2 2025 was $0.07, down from $0.24 in Q2 2024, a decrease of 70.8% [2] Year-to-Date Performance - For the first six months of 2025, net operating revenues were $36.3 million, compared to $41.9 million for the same period in 2024, a decrease of approximately 13.4% [3] - The company recorded a net loss of approximately $1.2 million in the first half of 2025, compared to a net loss of $25,000 in the first half of 2024 [3] - Basic net loss per share for the first six months of 2025 was $0.31, compared to a loss of $0.01 in the same period of 2024 [3] Business Operations - Avalon Holdings Corporation provides waste management services to various sectors including industrial, commercial, municipal, and governmental customers in selected northeastern and midwestern U.S. markets [4] - The company also operates captive landfill management services and salt water injection well operations, along with Avalon Resorts and Clubs Inc., which includes hotel operations, golf courses, and a multipurpose recreation center [4] Revenue Breakdown - In Q2 2025, waste management services generated $9.742 million, down from $12.220 million in Q2 2024 [5] - Food, beverage, and merchandise sales were $3.760 million in Q2 2025, slightly down from $3.996 million in Q2 2024 [5] - Total golf and related operations revenue was $10.510 million in Q2 2025, compared to $10.837 million in Q2 2024 [5] Cost and Expenses - Operating costs for waste management services were $7.489 million in Q2 2025, down from $9.527 million in Q2 2024 [5] - Total operating expenses for the first six months of 2025 were $37.1 million, compared to $41.9 million in the same period of 2024 [5] - Selling, general, and administrative expenses were $2.453 million in Q2 2025, down from $2.654 million in Q2 2024 [5] Balance Sheet Highlights - As of June 30, 2025, total assets were $88.055 million, an increase from $86.186 million at the end of 2024 [6] - Current assets increased to $17.255 million from $14.556 million at the end of 2024 [6] - Total shareholders' equity decreased to $35.577 million from $37.052 million at the end of 2024 [6]

Financial Data and Key Metrics Changes - The total revenue from continuing operations for Q2 2025 was $14.6 million, an increase of $600,000 or 4.3% compared to Q2 2024 [13] - Revenue in the Treatment Segment increased by $3.1 million or 36.6% year-over-year, driven by increased waste volumes and average prices [13] - Gross profit improved to $1.5 million from a loss of $1.3 million in the previous year, reflecting a positive impact from revenue increases and lower variable costs [14] - The net loss for the quarter was $2.7 million, an improvement from a net loss of $4.0 million in the prior year [17] - EBITDA from continuing operations was a negative $2.3 million, compared to negative EBITDA of $4.6 million last year [17] Business Line Data and Key Metrics Changes - The Treatment Segment saw a revenue increase of approximately 37% year-over-year, with waste receipts more than doubling to approximately $14 million [6][13] - The Services Segment experienced a revenue decrease of $2.5 million due to project delays and completion of large projects in the prior year [14] - The waste backlog at the end of June was approximately $13.2 million, up from $7.9 million at the end of the previous year [18] Market Data and Key Metrics Changes - Internationally, the company received over $7 million in waste receipts over the past two quarters, with strong interest from customers in Canada, Germany, Mexico, and Italy [10] - The company has a EUR50 million contract with the European Union in Italy, progressing through the permitting phase, with treatment operations expected to start in 2026 [10] Company Strategy and Development Direction - The company is focused on expanding treatment and PFAS backlogs, driving performance improvements, and converting large services and federal bid opportunities [48] - The operational investments made earlier in the year, combined with progress in the PFAS program and DOE segments, position the company for strong results in the coming quarters [48] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to deliver stronger financial performance in the second half of the year, supported by progress achieved [49] - The company remains optimistic about the long-term outlook for the DF Law facility, which is expected to provide substantial recurring revenue once operational [7][12] Other Important Information - The Department of Energy announced a delay in the DF Law facility startup from August 1 to as late as October 15, but management remains confident in the timeline [7][24] - The company is pursuing several large-scale federal and commercial procurement opportunities, representing over $200 million in potential contract value [11] Q&A Session Summary Question: Challenges and improvements in the treatment segment - Management discussed technical challenges that limited production capacity early in the quarter but noted that these issues have been resolved through automation and process improvements [20] Question: Timeline for DF Law facility startup - Management indicated confidence that the facility would enter operational phase before the end of the calendar year, following a hot commissioning period [24] Question: Expectations for the services segment and West Valley project - Management acknowledged delays in the services segment due to federal procurement timing but expects improvement in the upcoming quarters [30] Question: Revenue expectations from DF Law ramp-up - Management estimated potential revenue of $2 million to $3 million per month once operations begin, with a ramp-up to 70-80% capacity over the next 18 months [38] Question: Details on the Navy contract - Management provided insights into the $240 million RadMAC III IDIQ contract, emphasizing the competitive nature of task orders and the company's core competencies in radiological remediation [43]

VAUGHAN, ON and SUMMIT, N.J., Aug. 7, 2025 /PRNewswire/ - GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) ("GFL" or the "Company") today announced that Green Infrastructure Partners ("GIP") has entered into a definitive agreement with funds managed by Energy Capital Partners, LLC ("ECP") to recapitalize its business at an enterprise value of $4.25 billion. GIP is a leading vertically integrated infrastructure company established in 2022 by GFL, funds managed by HPS Investment Partners Inc. ("HPS Investment Pa ...

Core Viewpoint - Easy Environmental Solutions Inc. is expanding its Nano Void technology into new industries, with installations planned for a livestock truck washing operation and a resort in Minnesota, valued at approximately $200,000, which will generate recurring revenue streams [2][5][9]. Group 1: Technology and Applications - The Easy Nano Void 60 model will be installed at a livestock truck washing operation, injecting 1.6 trillion super oxygenated Nano Void bubbles per gallon into liquid manure, which helps break down waste and eliminate odors [3][5]. - A second Easy Nano Void 30 model will be installed at a resort in Northern Minnesota to dredge muck from the swimming area of the lake using the proprietary Terreplenish solution [7][9]. - The company offers three Nano Void models (150, 60, 30) for various applications, including agriculture and water treatment, and a 450 model for oil separation, all of which are membrane-free and more efficient than competitors [5][10][11]. Group 2: Market Potential and Revenue - The two projects in Minnesota are expected to yield ongoing revenue from Easy Nano Void Operating License fees and the sale of Terreplenish, highlighting the potential for recurring revenue streams [5][9]. - The technology is positioned as a sustainable solution for rural communities facing failing waste systems, with plans for widespread adoption across similar installations nationwide [3][5]. Group 3: Company Vision and Leadership - CEO Mark Gaalswyk emphasizes the need for chemical-free water restoration solutions, aiming to address global challenges related to water treatment and desalination [5][14]. - The company is focused on sustainability and efficiency, developing modular technologies to solve major environmental issues [15].

New checks to stop used tyres being sent to furnaces https://t.co/1slyNpo5ma ...