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TETRA TECHNOLOGIES, INC. TO PARTICIPATE IN THE LYTHAM PARTNERS SPRING 2025 INVESTOR CONFERENCE
Prnewswire· 2025-05-22 12:00
Company Overview - TETRA Technologies, Inc. is an energy services and solutions company focused on environmentally conscious services and solutions that enhance quality of life [3] - The company operates on six continents and has a portfolio that includes Energy Services, Industrial Chemicals, and Critical Minerals [3] - TETRA provides products and services to the oil and gas industry and calcium chloride for various applications, while also expanding into the low-carbon energy market [3] Upcoming Event - TETRA's senior management will participate in the Virtual Lytham Partners Spring 2025 Investor Conference on May 29, 2025 [1] - Key executives including the CEO, CFO, and VP of Investor Relations will present and host one-on-one meetings with institutional investors [1] - A webcast of the event will be streamed at 1:15 pm ET on May 29, with a replay available the following day [2]
Star Equity Holdings and Hudson Global Sign Definitive Merger Agreement
Globenewswire· 2025-05-21 20:45
Core Viewpoint - The merger between Star Equity Holdings, Inc. and Hudson Global, Inc. aims to create a larger, more diversified holding company, enhancing shareholder value and accelerating growth opportunities for both companies [1][5]. Transaction Highlights - The merger will result in a new entity, "NewCo," with pro-forma annualized revenues of $210 million and a goal of achieving $40 million in Adjusted EBITDA by 2030 [6]. - The merger is expected to generate at least $2 million in annualized cost savings within 12 months, translating to approximately $0.57 in incremental pro-forma EPS [6]. - NewCo will benefit from Hudson's $240 million in U.S. Federal net operating losses (NOL), which are more likely to be utilized than if Hudson operated independently [6]. Transaction Details - The merger will be a stock-for-stock transaction, with Hudson acquiring all outstanding shares of Star, issuing 0.23 shares of HSON common stock for each share of STRR common stock [6]. - Upon completion, Hudson shareholders will own approximately 79% of NewCo, while Star shareholders will own about 21% of the estimated 3.49 million shares outstanding [6]. - The merger is anticipated to close in the second half of 2025, pending regulatory and shareholder approvals [6]. Management and Structure - NewCo will have four reporting segments: Building Solutions, Business Services, Energy Services, and Investments [7]. - The board of directors for NewCo will include three independent directors from each company, with Jeff Eberwein as CEO and Rick Coleman as COO [7]. Company Background - Hudson Global, Inc. is a global total talent solutions provider, while Star Equity Holdings, Inc. operates as a diversified holding company with divisions in Building Solutions, Energy Services, and Investments [15][16].
Star Equity Holdings, Inc. Declares Cash Dividend of $0.25 Per Share of 10% Series A Cumulative Perpetual Preferred Stock 
Globenewswire· 2025-05-20 12:30
Core Viewpoint - Star Equity Holdings, Inc. has declared a cash dividend of $0.25 per share for its 10% Series A Cumulative Perpetual Preferred Stock, with a record date of June 1, 2025, and a payment date of June 10, 2025 [1] Company Overview - Star Equity Holdings, Inc. is a diversified holding company with three business divisions: Building Solutions, Energy Services, and Investments [2] Building Solutions Division - The Building Solutions division operates in three areas: 1. Modular building manufacturing 2. Structural wall panel and wood foundation manufacturing, including building supply distribution 3. Glue-laminated timber (glulam) column, beam, and truss manufacturing [3] Energy Services Division - The Energy Services division is involved in the rental, sale, and repair of downhole tools used across various industries, including oil and gas, geothermal, mining, and water-well [4] Investments Division - The Investments division manages and finances the company's real estate assets and investment positions in both private and public companies [5]
KOIL Energy Reports First Quarter 2025 Results
Globenewswire· 2025-05-20 12:30
HOUSTON, May 20, 2025 (GLOBE NEWSWIRE) -- Koil Energy Solutions, Inc. (OTCQB: KLNG), a specialist in deepwater energy production and distribution equipment and services, released today its first quarter 2025 results. First Quarter 2025 Results Erik Wiik, President and Chief Executive Officer of KOIL Energy, stated, "After four consecutive quarters of stellar performance, these results fell short of our expectations. We increased our base cost structure in response to last year's elevated revenue levels, wit ...
KOIL Energy Solutions Schedules Q1 2025 Earnings Release and Conference Call; Announces Delay in Filing Form 10-Q
Globenewswire· 2025-05-14 22:59
Group 1 - Koil Energy Solutions, Inc. will file its Quarterly Report on Form 10-Q for Q1 2025 on May 20, 2025, within the extended timeframe granted by the SEC due to the need to complete certain accounting procedures following the delayed filing of its Annual Report on Form 10-K for the year ended December 31, 2024 [1] - An investor conference call to review the Q1 2025 results is scheduled for May 20, 2025, at 10:00 am Eastern Time, with access available via a webcast link and dial-in numbers [2] - The earnings release and a replay of the conference call will be accessible on the company's website under the "Investors" section [3] Group 2 - Koil Energy Solutions is a leading energy services company that provides subsea equipment and support services to the global energy and offshore industries [4]
Star Equity (STRR) - 2025 Q1 - Earnings Call Transcript
2025-05-14 15:02
Star Equity (STRR) Q1 2025 Earnings Call May 14, 2025 10:00 AM ET Company Participants Richard Coleman - Chief Executive OfficerDavid Noble - Chief Financial OfficerTheodore O'Neill - CEOJeffrey Eberwein - Executive Chairman of the Board Conference Call Participants Tate Sullivan - Managing Director & Senior Industrials Analyst Operator Greetings, ladies and gentlemen, and welcome to Star Equity Holdings First Quarter twenty twenty five Results Conference Call. Please be advised that discussions on today's ...
Total Energy Services Inc. Reports on Voting From the Annual Meeting of Shareholders
Globenewswire· 2025-05-13 21:06
Core Points - Total Energy Services Inc. held its annual meeting of shareholders on May 13, 2025, with 25,209,233 common shares represented, accounting for 66.3% of the issued and outstanding shares [1] Voting Outcomes - The election of directors was successful for all nominees: - George Chow received 23,566,942 votes (99.6% for) [2] - Glenn Dagenais received 23,434,702 votes (99.1% for) [2] - Daniel Halyk received 23,619,795 votes (99.8% for) [2] - Jessica Kirstine received 23,436,823 votes (99.1% for) [2] - Tim McMillan received 23,605,915 votes (99.8% for) [2] - Ken Mullen received 20,601,943 votes (87.1% for) [2] - The appointment of MNP LLP as auditors was also approved with 25,144,350 votes (99.7% for) [2] Company Overview - Total Energy provides various services including contract drilling, equipment rentals, transportation services, well servicing, and compression and process equipment to the energy and resource industries, operating in North America and Australia [2]
Weatherford Announces a Strategic Agreement with Amazon Web Services to Accelerate Digital Transformation and Enhance Operational Efficiency
Globenewswire· 2025-05-13 20:45
Core Insights - Weatherford International plc has signed an agreement with Amazon Web Services (AWS) to enhance its digital capabilities and drive innovation in the energy sector [1][5] - AWS will be the preferred cloud provider for Weatherford, facilitating the migration and modernization of its software and hardware suite, including the Modern Edge Platform and CygNet control system [2][3] - The collaboration aims to develop next-generation technologies and enhance Weatherford's Unified Data Model, allowing for better integration and analysis of multi-asset data [3] - The WFRD Software Launchpad will be improved, providing customers with access to various applications while maintaining control over their data [4] Company Overview - Weatherford delivers innovative energy services that combine proven technologies with advanced digitalization to maximize value and return on investment [6] - The company operates in approximately 75 countries with around 18,000 team members from over 110 nationalities [6]
CF Energy Change of CFO
Globenewswire· 2025-05-13 12:26
TORONTO, May 13, 2025 (GLOBE NEWSWIRE) -- CF Energy Corp. (TSX-V: CFY) (“CF Energy” or the “Company”, together with its subsidiaries, the “Group”), a leading clean energy service provider in the People’s Republic of China (the ”PRC” or “China”) is pleased to announce the following: Ms. Ling Cao, Chief Financial Officer of the Company (“CFO”) tendered her resignation as CFO with effect from May 12, 2025 but will continue to serve the Group at the subsidiary level. After careful consideration, the board of di ...
Energy Services of America Reports Fiscal Second Quarter 2025 Results
Prnewswire· 2025-05-12 20:30
Core Viewpoint - Energy Services of America Corporation reported its fiscal second quarter results, highlighting a revenue increase despite challenging weather conditions impacting profitability [3][4][6]. Financial Performance - Total revenues for the second quarter were $76.7 million, an 8% increase from $71.1 million in the same period last year [4][8]. - Gross profit was $78,000, a significant decrease from $6.2 million in the prior-year quarter, with gross margin dropping to 0.1% from 8.8% [5][8]. - Selling and administrative expenses rose to $8.2 million from $7.3 million, attributed to hiring for expected growth and the acquisition of Tribute [6][8]. - The net loss for the quarter was $6.8 million, or ($0.41) per share, compared to a net loss of $1.1 million, or ($0.07) per share, in the second quarter of fiscal 2024 [6][9]. Backlog and Future Outlook - The backlog as of March 31, 2025, was $280.7 million, up from $243.2 million as of September 30, 2024, and $222.8 million as of March 31, 2024 [7][8]. - The company anticipates improved revenue and profitability in the upcoming spring and summer months, driven by strong demand for water distribution services [3][4]. - The company remains focused on selecting projects with favorable margins and evaluating acquisition opportunities to enhance its portfolio [3].