Electrification
Search documents
Parker to Acquire Curtis Instruments, Expanding Electrification Offering
Globenewswire· 2025-06-30 13:00
Core Viewpoint - Parker Hannifin Corporation has agreed to acquire Curtis Instruments, Inc. for approximately $1 billion in cash, enhancing its capabilities in electric vehicle technologies and positioning itself for future growth in electrification [1][3]. Company Overview - Parker Hannifin is a global leader in motion and control technologies, recognized for its long-standing commitment to innovation and shareholder value, having increased its annual dividend for 69 consecutive years [6]. Acquisition Details - The acquisition of Curtis Instruments is expected to close by the end of calendar year 2025, pending regulatory approvals [1]. - Curtis is projected to generate sales of approximately $320 million in calendar year 2025, providing a significant addition to Parker's revenue stream [2]. Strategic Alignment - The acquisition aligns with the long-term trend towards electrification, enhancing Parker's existing industrial electrification platform and enabling better service to customers adopting electric and hybrid solutions [3][8]. - The deal is expected to create operational synergies through Parker's proven business system, The Win Strategy™, which aims to deliver strong shareholder value [3]. Market Positioning - Curtis Instruments designs and manufactures products that complement Parker's strengths in electric vehicle motors and hydraulic technologies, thereby enhancing Parker's electrification capabilities [2][8]. - The acquisition is viewed positively by both Rehlko and its financial sponsor, Platinum Equity, who believe that Curtis will thrive under Parker's scale and investment focus [4].
ABB(ABBNY) - 2025 Q1 - Earnings Call Presentation
2025-04-17 06:16
Financial Performance - Order growth increased by 5% year-over-year, and revenue growth increased by 3% year-over-year[11] - Operational EBITA margin reached 20.2%, including a ~170 bps impact from real estate gain[11] - Free cash flow was $652 million, an increase of $101 million year-over-year, supported by proceeds from the sale of real estate of approximately $100 million[11] - A new share buyback program of up to $1.5 billion was initiated, with 16,715,684 shares repurchased for approximately $0.9 billion under the previous program[9] Sustainability Highlights - Scope 1 and 2 GHG emissions reduced by 78% compared to the 2019 baseline[13] - Scope 3 CO₂e emissions reduced by 8% compared to the 2022 baseline, with a target to reduce by 25% by 2030[13] - Customer GHG emissions avoided amounted to 66 million metric tons throughout the lifetime of products sold in 2024[13] Regional Performance - The Americas saw an order increase of 11%, with the USA up by 9%, Canada by 20%, and Brazil by 82%[23] - Europe experienced an order increase of 1%, with Germany down by 4% and Italy up by 47%, and the United Kingdom up by 27%[23] - AMEA saw an order increase of 4%, with China up by 13% and the United Arab Emirates up by 29%[23] Electrification Segment - Orders for Electrification reached $4,394 million, with revenues at $3,825 million[32] - Operational EBITA for Electrification was $886 million, a 7% year-over-year increase[32] - The Electrification backlog was $8.2 billion[34] Robotics Division Spin-Off - The Robotics division, with approximately $2.3 billion in revenues, is planned to be spun off as a separately listed company in the second quarter of 2026[66, 65]
ConnectM Requests Nasdaq Hearing for Continued Listing
Prnewswire· 2025-03-17 20:01
Core Viewpoint - ConnectM Technology Solutions, Inc. is seeking to regain compliance with Nasdaq Listing Rule 5450(b)(2)(A) after being notified of non-compliance and potential delisting due to a market value of listed securities below $50 million [1][2]. Group 1: Compliance and Listing Status - The company was given a 180-day period until March 3, 2025, to regain compliance with the Nasdaq listing rule [2]. - Following the missed deadline, Nasdaq notified the company of its non-compliance and the impending delisting of its securities [2]. - A timely hearing request by the company has resulted in an automatic stay of the suspension, allowing continued trading of its common stock until a final decision is made by the Nasdaq Hearings Panel [3]. Group 2: Company Overview - ConnectM is positioned in the electrification economy, focusing on the development of electrified equipment, mobility, and distributed energy solutions [4]. - The company offers a proprietary Energy Intelligence Network platform aimed at facilitating the transition to all-electric heating, cooling, and transportation for residential and light commercial service providers [4]. - By leveraging technology, data, artificial intelligence, and behavioral economics, ConnectM aims to reduce energy costs and carbon emissions globally [4].
ConnectM to Present at the 37th Annual ROTH Conference
Prnewswire· 2025-03-17 12:00
Core Viewpoint - ConnectM Technology Solutions, Inc. is actively engaging with investors at the 37th Annual ROTH Conference, highlighting its growth strategy and recent institutional investment as indicators of confidence in its future potential [1][3]. Company Overview - ConnectM is positioned at the forefront of the electrification economy, focusing on the development of electrified equipment, mobility, and distributed energy solutions [4]. - The company offers a proprietary Energy Intelligence Network platform aimed at facilitating the transition to all-electric heating, cooling, and transportation, thereby reducing energy costs and carbon emissions globally [4]. Recent Developments - An institutional investor recently filed a 13G indicating ownership of 6.9% of ConnectM's outstanding shares, reflecting strong confidence in the company's growth strategy [3]. - ConnectM is experiencing robust momentum across its business segments, including electric vehicle (EV) solutions and building electrification, while also expanding its international presence [3]. Conference Participation - ConnectM management will conduct one-on-one investor meetings during the ROTH Conference and will be available for additional meetings in the Los Angeles area until March 19 [2]. - The ROTH Conference features approximately 450 companies across various growth sectors, providing a platform for ConnectM to showcase its initiatives and engage with potential investors [3].
ConnectM Announces $10 Million Share Repurchase Program
Prnewswire· 2025-03-13 13:00
Core Viewpoint - ConnectM Technology Solutions, Inc. has announced a share repurchase program of up to $10 million or 10 million shares, reflecting the company's confidence in its financial strength and long-term growth strategy [1][3]. Company Overview - ConnectM is a high-growth technology company focused on the electrification economy, providing solutions for residential and light commercial service providers and original equipment manufacturers [4]. - The company aims to facilitate a transition to a modern energy economy by leveraging technology, data, artificial intelligence, and behavioral economics to lower energy costs and reduce carbon emissions globally [4]. Share Repurchase Program Details - The share repurchase program allows ConnectM to buy back shares on the open market or through privately negotiated transactions, with the total amount based on various strategic considerations [3]. - The program is authorized for 18 months but can be suspended or discontinued at any time, and it does not obligate the company to acquire any specific amount of common stock [3]. Current Share Information - As of February 28, 2025, ConnectM had approximately 34.1 million shares of common stock outstanding [2].