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IMCD to accelerate food & beverage growth in Iberia with strategic acquisition of Ferrer Alimentación
Globenewswire· 2025-06-06 06:00
Rotterdam, The Netherlands (6 June 2025) – IMCD N.V. ("IMCD" or "Company"), a global leading partner for the distribution and formulation of speciality chemicals and ingredients, has signed an agreement to acquire 100% of the shares in Ferrer Alimentación, S.A. and Medir Ferrer Y Compañía, S.A. (jointly “Ferrer Alimentación”). Founded in 1955, Ferrer Alimentación is a leading distributor in Iberia of food and beverage ingredients. Ferrer Alimentación is well established and recognised for its strong presenc ...
Ashland hosts Innovation Day for analysts and investors
GlobeNewswire News Room· 2025-05-28 21:00
Core Insights - Ashland is hosting an Innovation Day for analysts and investors on May 29, 2025, at its Bridgewater, New Jersey facility to showcase its enhanced technology platforms and commercial opportunities [1][2] - The event will include presentations from Ashland's executive and senior technology leaders, followed by a Q&A session and a lab tour for in-person attendees [2][3] Event Details - Registration is required for the event, with options for live webcast or in-person attendance [1] - Presentations will start at 9:00 a.m. ET and conclude around 11:30 a.m. ET, followed by a luncheon and lab tour until approximately 2:00 p.m. ET [2] - A replay of the event will be available within 24 hours and archived for 12 months on Ashland's website [2] Company Overview - Ashland Inc. is a global additives and specialty ingredients company focused on environmental, social, and governance (ESG) initiatives [3] - The company serves various markets, including architectural coatings, construction, energy, food and beverage, personal care, and pharmaceuticals, employing around 3,200 professionals [3]
Balchem Corporation to Present at the Wells Fargo Industrials and Materials Conference on June 11, 2025
Globenewswire· 2025-05-28 11:00
Balchem Corporation develops, manufactures and markets specialty ingredients that improve and enhance the health and well-being of life on the planet, providing state-of-the-art solutions and the finest quality products for a range of industries worldwide. The company reports three business segments: Human Nutrition & Health; Animal Nutrition & Health; and Specialty Products. The Human Nutrition & Health segment delivers customized food and beverage ingredient systems, as well as key nutrients into a variet ...
Ingredion(INGR) - 2025 FY - Earnings Call Transcript
2025-05-21 14:00
Ingredion (INGR) FY 2025 Annual General Meeting May 21, 2025 09:00 AM ET Speaker0Thank you for standing by. Hello, and welcome to Ingridion Incorporated Annual Meeting. I would now like to turn the call over to our chairman of the board, Mr. Greg Kenny. Mr.Kenny, please go ahead.Speaker1Thank you, and good morning, everyone. I want to welcome everyone to Ingredion's Incorporated twenty twenty five Annual Stockholder Meeting. We appreciate your attendance, your interest in, and most importantly, your support ...
Balchem Corporation to Participate in the dbAccess Global Consumer Conference on June 4, 2025
Globenewswire· 2025-05-21 11:00
Company Overview - Balchem Corporation is a global specialty ingredient manufacturer focused on health and nutrition markets [2] - The company operates through three business segments: Human Nutrition & Health, Animal Nutrition & Health, and Specialty Products [2] - The Human Nutrition & Health segment provides customized food and beverage ingredient systems and key nutrients for food, supplement, and pharmaceutical industries [2] - The Animal Nutrition & Health segment supplies products to various animal health markets [2] - Specialty Products offers specialty-packaged chemicals for healthcare and other industries, as well as chelated minerals for the agricultural market [2] Upcoming Events - Balchem Corporation will participate in the dbAccess Global Consumer Conference on June 4, 2025 [1] - Key executives, including Ted Harris (Chairman, CEO, and President) and Martin Bengtsson (CFO), will represent the company at the conference [1]
Hawkins, Inc. to Participate in the 2025 Wells Fargo Industrials Conference
Globenewswire· 2025-05-20 21:04
Core Points - Hawkins, Inc. will participate in the Wells Fargo Industrials Conference on June 10, 2025 [1][2] - The conference will take place at the Loews Chicago from June 10 to June 12, 2025, featuring fireside chats and one-on-one meetings with senior executives [2] - Hawkins, Inc. generated $974 million in revenue for fiscal 2025 and employs approximately 1,100 people [3] Company Overview - Hawkins, Inc. was founded in 1938 and specializes in water treatment and specialty ingredients [3] - The company formulates, manufactures, distributes, and blends products for various sectors including Water Treatment, Food & Health Sciences, and Industrial Solutions [3] - Hawkins, Inc. is headquartered in Roseville, Minnesota, and operates 63 facilities across 28 states [3]
Bon Natural Life Limited Announces Effectiveness of Reverse Stock Split
Globenewswire· 2025-05-15 10:15
Core Viewpoint - Bon Natural Life Limited will implement a 1-for-25 reverse stock split to comply with Nasdaq's minimum bid price requirement of $1.00, effective May 19, 2025 [3]. Group 1: Reverse Stock Split Details - The reverse stock split will convert every 25 issued and outstanding Class A ordinary shares into one new Class A ordinary share, with no fractional shares issued [1]. - The new CUSIP number for the Class A ordinary shares post-split will be G14492204, and trading will continue under the existing symbol "BON" [2]. - The authorized share capital will increase to 1,000,000,000 Class A ordinary shares, 50,000,000 Class B ordinary shares, and 50,000,000 preference shares [4]. Group 2: Class Rights and Shareholder Approval - The conversion rate for Class B ordinary shares will change from a 1:1 basis to a 1:25 basis for conversion into Class A ordinary shares [5]. - The reverse stock split and related changes were approved by shareholders during an extraordinary general meeting on April 15, 2025 [6].
Hawkins, Inc. Reports Fourth Quarter and Fiscal Year 2025 Results
Globenewswire· 2025-05-14 20:05
Core Insights - Hawkins, Inc. reported record sales, gross margin, operating income, EPS, and adjusted EBITDA for fiscal year 2025, marking a continued growth trajectory with a focus on sustained performance [4][5][7]. Fourth Quarter Fiscal Year 2025 Highlights - Fourth quarter sales reached $245.3 million, a 10% increase from the same quarter last year, driven by a 21% growth in the Water Treatment segment [5][8]. - Gross profit for the fourth quarter was $52.2 million, up 15% year-over-year, contributing to an operating income of $24.6 million, a 22% increase [5][7]. - Diluted EPS for the fourth quarter was $0.78, an 18% increase compared to the prior year [5][7]. - Adjusted EBITDA for the fourth quarter was $36.7 million, reflecting an 18% increase from the same period last year [5][16]. Full-Year Fiscal Year 2025 Highlights - Total annual sales were $974.4 million, a 6% increase from the previous fiscal year, with the Water Treatment segment achieving a 23% sales growth [5][9]. - Annual gross profit reached $225.5 million, a 16% increase year-over-year, leading to an operating income of $119.2 million, a 15% increase [5][10]. - Record diluted EPS for the year was $4.03, which is $0.44 or 12% higher than fiscal 2024 [5][7]. - Adjusted EBITDA for the full year was $167.5 million, a 17% increase from fiscal 2024 [5][16]. Executive Commentary - The CEO highlighted the company's disciplined M&A strategy, contributing to the growth of the Water Treatment segment, which is now the largest segment [4]. - The company completed four acquisitions during the fiscal year and has made a total of 13 acquisitions over the last five years [4]. - Looking ahead, the company anticipates revenue to exceed $1 billion for the first time in its history in fiscal 2026, with expectations for EPS growth, albeit at a slower rate due to increased interest and amortization expenses [4][6]. Financial Performance - The Water Treatment segment generated $446.5 million in sales for the year, a 23% increase from $363.3 million in the previous year [9]. - The Industrial segment saw a decline in sales to $382.5 million, down 7% from $409.5 million [9]. - Health and Nutrition segment sales were $145.5 million, a slight decrease of 1% from the previous year [9]. Balance Sheet and Cash Flow - At the end of fiscal 2025, the company reported net debt of $143.9 million with a leverage ratio of 0.86x adjusted EBITDA [5][18]. - Operating cash flow for the year was $111.1 million, with significant investments in acquisitions and capital expenditures [5][18]. - The company paid cash dividends of $0.70 per share, marking the 40th consecutive year of dividend payments, reflecting an 11% increase over the prior year [5][18].
Investing in International Flavors (IFF)? Don't Miss Assessing Its International Revenue Trends
ZACKS· 2025-05-13 14:22
Have you looked into how International Flavors (IFF) performed internationally during the quarter ending March 2025? Considering the widespread global presence of this ingredients producer for food, cosmetics and consumer products industries, examining the trends in international revenues is essential for assessing its financial resilience and prospects for growth.In the modern, closely-knit global economic landscape, the capacity of a business to access foreign markets is often a key determinant of its fin ...
Darling Ingredients (DAR) M&A Announcement Transcript
2025-05-12 14:00
Summary of Darling Ingredients Inc. Conference Call Company and Industry - **Company**: Darling Ingredients Inc. - **Industry**: Collagen and Gelatin Production, Health and Wellness Sector Key Points and Arguments 1. **Joint Venture Announcement**: Darling Ingredients announced a nonbinding term sheet with the Centrelo Group to form a new joint venture called NexTita, with Darling holding an 85% stake and Centrelo holding 15% [4][5][21] 2. **Revenue Expectations**: The new company is projected to generate annual revenue of approximately $1.5 billion, with significant growth potential and attractive margins [5][21] 3. **Production Capacity**: NexTita will have gelatin and collagen production capacity of around 200,000 metric tons annually across 23 facilities in nine countries [5][6] 4. **Market Position**: The joint venture aims to create a leading company in the collagen-based health, wellness, and nutrition market, which is still in its early stages of development [6][7] 5. **Focus on Innovation**: Darling Ingredients has nearly a dozen product concepts in development, emphasizing science and innovation in the health and wellness sector [7][8] 6. **Financial Strategy**: The merger is designed to optimize shareholder value without leveraging debt, potentially leading to deleveraging [9][21] 7. **Market Dynamics**: The food segment's contribution to margins and growth potential has not been fully recognized, and the merger aims to highlight this value [8][9] 8. **Supply Chain Management**: The combined entity will enhance supply chain management capabilities, which is crucial for maintaining consistent margins [13][14] 9. **Future Growth**: The joint venture is expected to diversify the portfolio and enhance growth in hydrolyzed collagen, which has seen significant demand [39][41] 10. **Regulatory Considerations**: The joint venture will undergo regulatory approvals, and the companies believe they will not dominate the market share significantly [58][59] Additional Important Content 1. **Market Size**: The global collagen market is estimated to be between $60 billion, with the joint venture representing a minor player in this space [59][60] 2. **Capital Allocation**: There are no expected significant changes in capital allocation for the joint venture, as both companies have maintained their assets well [41][61] 3. **Potential IPO**: There is a possibility of taking the joint venture public in the future, depending on market conditions and growth [24][62] 4. **Raw Material Sourcing**: The joint venture will benefit from diversified sourcing of raw materials, reducing risks associated with supply chain bottlenecks [68][71] 5. **Strategic Relationships**: The merger will leverage existing relationships and technologies from both companies to enhance market reach and product development [66][67] This summary encapsulates the key discussions and insights from the Darling Ingredients Inc. conference call, focusing on the formation of the joint venture and its implications for the company and the industry.