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Air T Stock Rises After FY25 Earnings Boost From Cargo, Parts Units
ZACKS· 2025-07-02 17:40
Core Insights - Air T, Inc. (AIRT) shares increased by 9.4% following the fiscal year earnings report, outperforming the S&P 500 Index's 0.9% gain during the same period [1] - The company reported revenues of $291.9 million for the fiscal year ended March 31, 2025, marking a 1.7% increase from the previous year's $286.8 million [2] - Despite operational gains, AIRT posted a net loss per share of $2.23, an improvement from $2.42 in the prior fiscal year [2] Revenue and Earnings Overview - Operating income rose by 50.9% to $1.9 million from $1.3 million, while adjusted EBITDA improved to $7.4 million, reflecting an 18.9% increase from fiscal 2024 [2] - The adjusted EBITDA margin improved to 2.5% in fiscal 2025 from approximately 2.2% a year earlier, driven by cost discipline and a favorable sales mix [7] Segment Performance - Overnight Air Cargo segment revenues increased by 7.3% to $124 million, driven by higher labor revenue and administrative fees [3] - Ground Support Equipment revenues rose by 4.8% to $38.9 million, with an order backlog increasing to $14.3 million from $12.6 million [4] - The Commercial Aircraft, Engines and Parts segment saw a revenue decline of 5.8% to $118.2 million, but adjusted EBITDA surged by 60.7% to $9.8 million [5] - Digital Solutions segment revenues grew by 25.7% to $7.3 million, although it posted an adjusted EBITDA loss of $0.3 million due to higher personnel expenses [6] Key Business Metrics - AIRT's equity method investment balance grew to $19 million from $16.7 million, indicating expansion in joint ventures and non-operating assets [7] - FedEx dry-lease arrangements accounted for 39% of total consolidated revenues in fiscal 2025, up from 36% in fiscal 2024 [8] Management Commentary - Chairman and CEO Nick Swenson expressed optimism about the company's progress in building long-term shareholder value and highlighted new products and marketing initiatives [9] - Management continues to repurchase shares in the open market, aligning with shareholder interests [9] Future Outlook - AIRT did not provide specific numeric guidance for fiscal 2026 but plans to invest in engine parts inventory and expand commercial aircraft leasing activities [13] - The launch of Runway Aero Advisors LLC in January 2025 reflects a strategy to enhance capital-raising and advisory capabilities [15] Financial Developments - On March 31, 2025, AIRT amended its credit agreement with Alerus Bank, adding a $3 million Overline Note and a $14 million revolving credit facility, enhancing financial flexibility [14]
FEMSA Completes the Divestiture of Logistics Operations to Grupo Traxion
ZACKS· 2025-07-02 16:41
Core Insights - FEMSA has completed the divestiture of a significant portion of its logistics operations under the Solistica brand to Grupo Traxión for 4,040 million Mexican pesos, marking a strategic realignment in its portfolio [1][8] - The transaction includes FEMSA's transportation management and contract logistics operations in Mexico, Colombia, and Brazil, excluding its less-than-truckload operations in Brazil [2][8] - This divestiture aligns with FEMSA's long-term goals of portfolio optimization and enhancing its focus on high-margin retail and beverage operations [3][4] FEMSA Forward Strategy - The divestiture is part of the FEMSA Forward strategy initiated in early 2023, aimed at driving long-term value across core business units while exploring alternatives for non-core assets [4] - FEMSA has streamlined its portfolio by reducing its stake in Heineken, merging Envoy Solutions with BradyIFS, and selling its refrigeration and food service equipment businesses [4] - The restructuring allows FEMSA to redeploy capital towards high-growth areas, particularly in its Retail division, including the expansion of its OXXO convenience store network [5] Digital and Fintech Growth - FEMSA is scaling its digital and fintech platforms, with its digital wallet, Spin by OXXO, and loyalty program, Spin Premia, achieving 13.8 million and 55.7 million active users, respectively [6] - Spin by OXXO has been fully authorized as a fintech in Mexico, positioning FEMSA to enhance customer engagement and cross-platform synergies [6] Challenges and Market Conditions - Despite strategic progress, FEMSA faces challenges such as soft consumer demand in Mexico, leading to declining store traffic and margin compression in its Proximity Americas segment [7] - Broader cost pressures from inflation and rising labor expenses are impacting profitability across key divisions, including Proximity Europe and Coca-Cola FEMSA [7] - Increasing competitive intensity and reliance on Coca-Cola trademark products pose risks to sustainable margin expansion and earnings visibility [7]
New Strong Sell Stocks for July 2nd
ZACKS· 2025-07-02 10:41
Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:Americold Realty Trust, Inc. (COLD) is a temperature-controlled logistics real estate and value-added services company. The Zacks Consensus Estimate for its current year earnings has been revised 5.9% downward over the last 60 days.Colony Bankcorp, Inc. (CBAN) is the bank holding company for Colony Bank. The Zacks Consensus Estimate for its current year earnings has been revised 6.4% downward over the last 60 days.DoubleDown Interacti ...
FEMSA completes divestiture of certain of its logistics operations to TRAXIÓN
Globenewswire· 2025-07-01 21:24
MONTERREY, Mexico, July 01, 2025 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA” or the “Company”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announced today the closing of its divestiture, previously disclosed on October 10, 2024, of certain of its logistics operations doing business as Solistica, to Grupo Traxión, S.A.B. de C.V. (BMV: TRAXIONA), a leading transportation and logistics company based in Mexico. The transaction includes FEMSA’s transportation management operations in Mexico, ...
First Industrial Realty Trust To Host Second Quarter 2025 Results Conference Call On July 17
Prnewswire· 2025-07-01 20:08
CHICAGO, July 1, 2025 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator and developer of logistics real estate, will host its second quarter 2025 results conference call on Thursday, July 17, 2025 at 10:00 a.m. CDT (11:00 a.m. EDT). The conference call may be accessed by dialing (833) 890-3273, passcode "First Industrial". The conference call will also be webcast live on the Investors page of the Company's website at www.firstindustrial.com.First Indu ...
Covenant Logistics Group, Inc. Announces Timing of Second Quarter Earnings Release an Conference Call
Globenewswire· 2025-07-01 20:05
CHATTANOOGA, Tenn., July 01, 2025 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NYSE: CVLG) announced its plans to release its second quarter earnings after 4:00 p.m. Eastern time on Wednesday, July 23, 2025. Covenant Logistics Group, Inc. will hold a live conference call to discuss its second quarter earnings release on Thursday, July 24, 2025, at 10:00 a.m. Eastern time. Individuals with questions may dial in at 877-550-1505 (U.S./Canada) and 0800-524-4760 (International). An audio replay will be av ...
Should Value Investors Buy ArcBest (ARCB) Stock?
ZACKS· 2025-07-01 14:41
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use fundamental analysis and traditional va ...
Treasure Global Subsidiary Tien Ming Partners with Taxieco to Reinvent Last-Mile Delivery for Malaysia’s Digital Economy
Globenewswire· 2025-07-01 12:30
New Alliance Aims to Scale Grocery Logistics for SMEs With Real-Time Tracking, IoT Integration, and Regional Economic ImpactKUALA LUMPUR, Malaysia, July 01, 2025 (GLOBE NEWSWIRE) -- Treasure Global Inc. (NASDAQ: TGL) (“Treasure Global” or the “Company”), a leading e-commerce platform operator, today announced that its subsidiary, Tien Ming Distribution Sdn Bhd (“Tien Ming Distribution”), has entered into a strategic partnership with Taxieco New World Limited (“Taxieco”), a technology-driven logistics soluti ...
Freight Technologies Announces Two-Year Fleet Rocket Contract with Accel Logistica
GlobeNewswire News Room· 2025-06-30 13:00
HOUSTON, June 30, 2025 (GLOBE NEWSWIRE) -- Freight Technologies, Inc. (Nasdaq: FRGT, “Fr8Tech” or the “Company”), a logistics management innovation company, offering a diverse portfolio of technology-driven solutions, is pleased to announce that it has signed a two-year contract with Accel Comercial, S.A. de C.V. (“Accel Logistica”), to license Fleet Rocket, Fr8Tech’s advanced Transportation Management System (TMS) software platform. Accel Logistica provides comprehensive logistics and supply chain solution ...
Globavend and Strawberrynet Cosmetics Execute Strategic Partnership
Globenewswire· 2025-06-30 08:00
Industry Overview - The Australian cosmetics and personal care market is estimated to be approximately $8.7 billion in 2024 and is projected to reach $14 billion by 2033, with a compound annual growth rate (CAGR) of 5.47% [3] - Online retail sales in Australia have significantly outpaced the broader market, with a 12% increase in 2024, and health and beauty products specifically rising by 13.4% [3] Company Partnership - Globavend Holdings Limited has formed a strategic partnership with Strawberry Cosmetics (Services) Limited to provide a wide range of premium beauty products to the Australian market [2][4] - This partnership aims to enhance access to high-quality beauty brands for Australian consumers while expanding Globavend's presence in the e-commerce logistics sector [4][5] Logistics and Services - Globavend will leverage its logistics infrastructure across Hong Kong, Australia, and New Zealand to streamline cross-border fulfillment for Strawberrynet, improving shipping times and customer experience [6] - The company will offer comprehensive logistics services, including secured airfreight capacity, returns management, live customer support, and end-to-end parcel tracking [6] Market Demand - The partnership is timely as the Australian beauty sector is experiencing increased demand for international brands, facilitating a seamless online shopping experience for consumers [8] - This collaboration positions Globavend as a leader in end-to-end logistics solutions, paving the way for further partnerships and market expansion [8]