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Range Capital Acquisition Corp II Announces the Separate Trading of Its Class A Ordinary Shares and Warrants, Commencing on or About November 24, 2025
Businesswire· 2025-11-19 21:10
Core Points - Range Capital Acquisition Corp II announced the separate trading of its Class A ordinary shares and warrants, starting on or about November 24, 2025 [1][2] - The Class A ordinary shares and warrants will trade on the Nasdaq Global Market under the symbols "RNGT" and "RNGTW," respectively, while units not separated will continue to trade under "RNGTU" [2] - A registration statement for these securities was filed with the SEC and became effective on September 30, 2025 [3] Summary by Sections Trading Information - Holders of units sold in the initial public offering can elect to separately trade Class A ordinary shares and warrants starting November 24, 2025 [1] - No fractional warrants will be issued upon separation, and only whole warrants will trade [2] Regulatory Filings - The offering was made only by means of a prospectus, which can be obtained by contacting BTIG, LLC [3] Company Overview - Range Capital Acquisition Corp II closed its initial public offering of 23,000,000 units, generating total gross proceeds of $230 million, with the offering priced at $10.00 per unit [7]
5 Value Stocks With Compelling Price-to-Sales Ratios & Growth Ahead
ZACKS· 2025-11-19 17:26
Key Takeaways The price-to-sales ratio helps gauge value when earnings are minimal, volatile or not meaningful.A low price-to-sales can reveal hidden strength and highlight stocks trading below intrinsic value.Valuation works best when price-to-sales is paired with metrics like P/E, P/B and debt-to-equity.Investing in stocks based on valuation metrics is a proven strategy for identifying opportunities with strong upside potential. While the price-to-earnings (P/E) ratio is a popular tool for gauging value, ...
Griffon Corporation Announces Annual and Fourth Quarter Results
Businesswire· 2025-11-19 12:32
Core Insights - Griffon Corporation reported a fiscal 2025 revenue of $2.5 billion, a 4% decrease from $2.6 billion in the previous year [1] - The company experienced a significant decline in net income, totaling $51.1 million or $1.09 per share, compared to $209.9 million or $4.23 per share in the prior year [2] - Adjusted net income for fiscal 2025 was $263.6 million, or $5.65 per share, an increase from $254.2 million, or $5.12 per share, in the previous year [3] Financial Performance - Fiscal 2025 adjusted EBITDA was $522.3 million, a 2% increase from $513.6 million in the prior year [4] - Fourth quarter revenue was $662.2 million, slightly up from $659.7 million in the same quarter of the previous year [5] - Fourth quarter net income was $43.6 million, or $0.95 per share, down from $62.5 million, or $1.29 per share, in the prior year quarter [6] Segment Performance - Home and Building Products (HBP) revenue for 2025 was $1.6 billion, consistent with the prior year, with a 2% favorable price and mix offset by a 2% decrease in volume [10] - Consumer and Professional Products (CPP) revenue in 2025 was $0.9 billion, a decline of 10% compared to 2024, primarily due to a 12% decrease in volume driven by reduced consumer demand [12] - HBP adjusted EBITDA for 2025 was $494.6 million, a 1% decrease from the previous year, while CPP adjusted EBITDA increased by 18% to $85.5 million [13][10] Cash Flow and Shareholder Returns - The company generated $323 million in free cash flow during the year, which supported the repurchase of 1.9 million shares and regular quarterly dividends [8] - Griffon returned a total of $174 million to shareholders in 2025 through dividends and share repurchases [8] - A 22% increase in the regular quarterly dividend to $0.22 per share was announced, reflecting confidence in the company's strategic plan [9] Balance Sheet and Capital Expenditures - As of September 30, 2025, Griffon had cash and equivalents of $99 million and total debt outstanding of $1.41 billion, resulting in net debt of $1.31 billion [17] - The company reduced its debt by approximately $116 million during the year, improving leverage to 2.4x from 2.6x in the prior year [17] - Capital expenditures for the year were $34.4 million, including $18 million from asset sales [17] 2026 Outlook - For fiscal year 2026, Griffon expects revenue to remain at $2.5 billion and adjusted EBITDA in the range of $580 million to $600 million [20] - The company anticipates HBP and CPP revenue to be in line with 2025, with HBP EBITDA margin exceeding 30% and CPP around 10% [21]
The ReposiTrak Traceability Network Extends Deeper into the Food Supply Chain as Food Manufacturers Join the Queue Preparing for Traceability
Businesswire· 2025-11-19 12:00
Nov 19, 2025 7:00 AM Eastern Standard Time The ReposiTrak Traceability Network Extends Deeper into the Food Supply Chain as Food Manufacturers Join the Queue Preparing for Traceability Share Food manufacturers bring both ingredient suppliers and customers to the list of companies preparing for traceability data sharing with ReposiTrak SALT LAKE CITY--(BUSINESS WIRE)--ReposiTrak (NYSE:TRAK), the world's largest food traceability and regulatory compliance network, leveraging its established inventory manageme ...
WEX to Present at the UBS Global Technology and AI Conference
Businesswire· 2025-11-18 21:30
Core Insights - WEX Inc. will present at the UBS Global Technology and AI Conference on December 2, with CEO Melissa Smith as the speaker [1] - A live webcast of the presentation will be available on the company's Investor Relations website, with a replay accessible for at least 30 days [2] - WEX is a global commerce platform that simplifies business operations, offering personalized solutions and a powerful ecosystem for its customers [3] Company Developments - WEX has appointed Sandy Kuohn as Chief People Officer, who will lead the global people strategy to align talent and culture with the company's growth objectives [8] - The company recently expanded its EV Driver by WEX app to include access to over 20,000 Tesla Superchargers across more than 1,500 locations in Europe [6]
Goldman Sachs pinpoints the 5 stocks that will get the biggest productivity boost from AI
Yahoo Finance· 2025-11-18 18:15
Goldman Sachs flags five stocks set for major productivity gains from AI adoption. Companies with high labor costs and AI automation exposure may see the biggest profit boosts. H&R Block, Robert Half, and Cognizant are among the big potential winners. As hyperscalers invest hundreds of billions of dollars in AI infrastructure, investors are starting to wonder when they will finally see the technology boost the earnings of small- and mid-cap stocks. Goldman Sachs says the stock market winners are g ...
Generational Group Advises Premier Southern Carbide, Inc. in its Sale to Peak Toolworks, a Portfolio Company of Granite Creek Capital Partners
Businesswire· 2025-11-18 17:55
Core Insights - Generational Group has successfully facilitated the sale of Southern Carbide, Inc. to Peak Toolworks, a company under Granite Creek Capital Partners, with the transaction closing on September 30, 2025 [1][5]. Company Overview - Southern Carbide, Inc. is a family-owned business based in Shreveport, Louisiana, specializing in industrial cutting tools, sharpening, and repair services aimed at extending tool life and reducing production costs. The company serves various industries, including woodworking and manufacturing, and offers services such as custom tool design and inventory management [2]. - Peak Toolworks, headquartered in Jasper, Indiana, is a prominent manufacturer of engineered diamond and carbide cutting tools with over 80 years of experience. Their product range includes high-performance blades and tooling solutions for multiple sectors, including woodworking and metalworking [3]. - Granite Creek Capital Partners, located in Chicago, Illinois, is a private investment firm that focuses on lower-middle-market companies, providing capital and strategic guidance across various sectors, including manufacturing and healthcare [4]. Transaction Details - The acquisition of Southern Carbide, Inc. by Peak Toolworks was supported by financing partners including Hidden River Strategic Capital, Muzinich & Co., and Canterbury Ventures, LLC [5]. - The deal was led by Generational Group's M&A team, including Michael Goss, Cory Strickland, and Ryan Johnson, who played key roles in closing the transaction [6]. Strategic Implications - Ryan Binkley, CEO of Generational Group, emphasized that the transaction reflects a commitment to partnerships that foster growth and shared vision among the involved parties [7].
CGI partners with government organizations across Florida to drive modernization with CGI Advantage®
Prnewswire· 2025-11-18 13:00
MIAMI , Nov. 18, 2025 /PRNewswire/ -- CGI (TSX: GIB.A) (NYSE: GIB), one of the largest independent technology and professional services firms in the world, today announced significant project milestones at government organizations across Florida that have deployed CGI Advantage ®, a unified ERP platform that delivers efficient financial operations, automates budget processes, streamlines human resource management, and simplifies vendor engagement. "The adoption of CGI Advantage in Florida reflects our on ...
Data-quality and system-integration challenges hamper midsize firms
Yahoo Finance· 2025-11-18 10:00
This story was originally published on CFO.com. To receive daily news and insights, subscribe to our free daily CFO.com newsletter. Companies of different sizes generally have markedly disparate strategies and needs, but almost all want to modernize their businesses, in search of growth or at least remaining competitive. Unfortunately for middle-market companies, many that desperately need modernization are hamstrung by data-quality and system-integration challenges that tend to be weightier than those fac ...
XP Inc. Reports Third Quarter 2025 Results
Businesswire· 2025-11-17 21:10
Core Insights - XP Inc. reported a strong financial performance for Q3 2025, with total gross revenue reaching R$4.9 billion, reflecting a 9% year-over-year increase and a 6% quarter-over-quarter increase [18][29][46]. Group 1: Operating KPIs - Total client assets amounted to R$1.425 trillion, up 12% year-over-year and 4% quarter-over-quarter, driven by R$91 billion in net inflow and R$63 billion in market appreciation [2][4]. - Active clients grew to 4.752 million, representing a 2% increase year-over-year and a 1% increase quarter-over-quarter [7]. - Total net inflow was R$29 billion, with retail net inflow at R$20 billion, which is 30% higher quarter-over-quarter but 18% lower year-over-year [4][6]. Group 2: Financial Metrics - Net income reached R$1.33 billion, a 12% increase year-over-year and a 1% increase quarter-over-quarter, with diluted EPS at R$2.47, also reflecting a 13% year-over-year growth [29][31]. - Gross profit was R$3.18 billion, marking an 8% increase year-over-year and a 4% increase quarter-over-quarter, with a gross margin of 68.2% [25][47]. - EBT was R$1.331 billion, showing a 10% increase year-over-year and a 1% increase quarter-over-quarter, with an EBT margin of 28.5% [28][29]. Group 3: Revenue Breakdown - Retail revenue reached R$3.704 billion, a 6% increase year-over-year and a 4% increase quarter-over-quarter, driven by higher average volumes and interest rates [19][20]. - Corporate & Issuer Services revenue totaled R$729 million, reflecting a 32% year-over-year increase and a 33% quarter-over-quarter increase, supported by strong DCM activity [22][23]. - Institutional revenue remained stable at R$340 million, showing no change year-over-year and a slight decrease of 1% quarter-over-quarter [21]. Group 4: Client Services and Products - Retirement plans client assets grew to R$90 billion, a 15% increase year-over-year, with XPV&P's proprietary insurer assets increasing by 32% [11]. - Total TPV for cards reached R$13.1 billion, a 9% year-over-year increase and a 5% quarter-over-quarter increase [12]. - The expanded loan portfolio reached R$67 billion, reflecting a significant 33% year-over-year growth [15]. Group 5: Capital Management - The BIS Ratio was reported at 21.2%, indicating a 108 basis points increase quarter-over-quarter and a 26 basis points decrease year-over-year [32]. - The CET1 ratio remains strong at 18.5%, with share repurchases totaling R$842 million executed until October 2025 [32].