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Timken Reports First-Quarter 2025 Results
Prnewswire· 2025-04-30 10:51
Core Insights - The Timken Company reported first-quarter 2025 net sales of $1.14 billion, a decrease of 4.2% compared to the same period last year, attributed to lower end-market demand and unfavorable foreign currency translation, partially offset by acquisitions [1][13] - Net income for the quarter was $78.3 million, or $1.11 per diluted share, down from $103.5 million, or $1.46 per diluted share, in the prior year [2][26] - The company has adjusted its full-year 2025 outlook, forecasting diluted earnings per share in the range of $3.90 to $4.40 and adjusted earnings per share between $5.10 and $5.60, reflecting the impact of tariffs and expected lower demand [9][51] Financial Performance - First-quarter adjusted EBITDA was $208.1 million, representing 18.2% of sales, down from $246.4 million or 20.7% of sales in the same quarter last year [3][6] - The net income margin for the quarter was 6.9%, a decline from 8.7% in the previous year [2][19] - Free cash flow increased to $23.4 million from $5.2 million in the prior year, with net cash provided by operations rising to $58.6 million [4][41] Segment Performance - Engineered Bearings segment sales were $760.7 million, down 5.2% year-over-year, primarily due to lower demand in various sectors [5][19] - Industrial Motion segment sales decreased by 2.1% to $379.6 million, with higher revenue in some platforms offset by lower demand in others [7][19] - Adjusted EBITDA for the Engineered Bearings segment was $159.2 million, or 20.9% of sales, compared to $181.4 million or 22.6% of sales in the prior year [6][19] Outlook and Strategic Initiatives - The company is implementing cost reduction measures expected to generate gross savings of approximately $75 million in 2025 [10][11] - Timken anticipates a net direct impact from tariffs of about $25 million in 2025, with plans to mitigate these costs by year-end [9][10] - The management remains focused on navigating the unpredictable business environment and is actively pursuing pricing and cost-saving strategies [11][30]
龙江清凉邀约 白山黑水共绘避暑图景 黑龙江省2025年度夏季避暑旅游推介会走进吉林江城
Jin Tou Wang· 2025-04-27 04:45
龙江夏韵映吉境,清凉之旅共启程。4月23日,由黑龙江省文化和旅游厅主办的"冰雪同梦,亚洲同心"黑龙江省燃动亚冬会创意路演营销巡展暨2025年度夏季避 暑旅游推介会在吉林省吉林市盛大启幕。这场在松花江畔展开的文旅盛宴,通过特色推介、创意展陈和沉浸体验等方式,全面展现龙江避暑资源的独特魅力,邀 约吉林游客来一场说走就走的清凉之旅。 黑龙江省文化和旅游厅携哈尔滨、齐齐哈尔、黑河、七台河、大兴安岭地区文旅部门以及文旅企业代表,与吉林省重点旅游企业代表、新闻媒体记者、旅游 达人等,共赏龙江大地的生态之美、文化之韵。 多元推介 演绎龙江夏韵 "今年夏天,龙江已备好壮美的北国风光、丰富的文旅活动、饕餮的美食盛宴,吉林的家人们也快快带上吉林的好物,来龙江交换故事吧!"推介会以一段黑龙江文 旅宣传片拉开序幕,广袤的扎龙湿地、奔腾的三江汇流、神秘的鄂伦春部落,瞬间将观众带入北国清凉画卷。 哈尔滨文旅推介官以"夏遇冰城,清凉有约"为主题,将城市文化与生态魅力融于方寸舞台。作为联合国授予的亚洲唯一"音乐之城",这里诞生了中国首支交响乐 团。今夏将迎来第37届哈尔滨之夏音乐会,国际演出院团的精彩演出将与锅包肉、俄式西餐等美食的香气交织 ...
IBTA INVESTOR NOTICE: Robbins Geller Rudman & Dowd LLP Announces that Ibotta, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
GlobeNewswire News Room· 2025-04-24 13:26
THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired Ibotta publicly traded securities pursuant and/or traceable to the registration statement and related prospectus issued in connection with the IPO to seek appointment as lead plaintiff in the Ibotta class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the pu ...
Zurn Water (ZWS) Expected to Beat Earnings Estimates: Should You Buy?
ZACKS· 2025-04-15 15:06
Core Viewpoint - Wall Street anticipates flat earnings for Zurn Water (ZWS) in the upcoming quarter, with a consensus EPS estimate of $0.29, unchanged from the previous year, while revenues are expected to rise by 2.3% to $382.37 million [1][3]. Earnings Expectations - The stock may experience upward movement if actual earnings exceed expectations in the earnings report scheduled for April 22 [2]. - Conversely, if the earnings report falls short of estimates, the stock could decline [2]. Estimate Revisions - The consensus EPS estimate has been revised 0.08% higher in the last 30 days, indicating a slight bullish sentiment among analysts [4]. - The Zacks Earnings ESP for Zurn Water is +2.34%, suggesting a higher likelihood of beating the consensus EPS estimate [11]. Earnings Surprise Prediction - The Most Accurate Estimate for Zurn Water is above the Zacks Consensus Estimate, indicating recent analyst optimism regarding the company's earnings prospects [10]. - A positive Earnings ESP reading is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1 (Strong Buy), 2 (Buy), or 3 (Hold) [8]. Historical Performance - Zurn Water has consistently beaten consensus EPS estimates, achieving a surprise of +10.34% in the last reported quarter and surpassing estimates in all four of the last quarters [12][13]. Conclusion - Zurn Water is positioned as a compelling candidate for an earnings beat, but investors should consider additional factors beyond earnings expectations when making investment decisions [16].
Zurn Water (ZWS) Upgraded to Buy: Here's Why
ZACKS· 2025-04-08 17:01
Core Viewpoint - Zurn Water (ZWS) has received an upgrade to a Zacks Rank 2 (Buy) due to an upward trend in earnings estimates, indicating a positive outlook for the company's stock price [1][3]. Earnings Estimates and Stock Price Impact - The Zacks rating system emphasizes the importance of changing earnings estimates, which are strongly correlated with near-term stock price movements [4][6]. - An increase in earnings estimates typically leads to institutional investors adjusting their valuations, resulting in buying or selling actions that influence stock prices [4]. Company Performance Indicators - Zurn Water is projected to earn $1.36 per share for the fiscal year ending December 2025, reflecting a year-over-year increase of 6.3% [8]. - Over the past three months, the Zacks Consensus Estimate for Zurn Water has risen by 0.5%, indicating a positive trend in earnings expectations [8]. Zacks Rank System - The Zacks Rank system classifies stocks based on earnings estimate revisions, with only the top 20% of stocks receiving a 'Strong Buy' or 'Buy' rating, highlighting their potential for market-beating returns [9][10]. - Zurn Water's upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting a favorable outlook for price movement in the near term [10].
Ibotta, Inc.(IBTA) - 2024 Q4 - Earnings Call Transcript
2025-02-27 01:25
Ibotta, Inc. (NYSE:IBTA) Q4 2024 Earnings Conference Call February 26, 2025 4:30 PM ET Company Participants Shalin Patel – Vice President, Investor Relations Bryan Leach – Founder and Chief Executive Officer Sunit Patel – Chief Financial Officer Conference Call Participants Andrew Marok – Raymond James Andrew Boone – JMP Securities Eric Sheridan – Goldman Sachs Ron Josey – Citi Chris Kuntarich – UBS Curt Nagle – Bank of America Bernie McTernan – Needham Shalin Patel Good afternoon, and welcome to Ibotta's Q ...
Lionsgate Studios Corp.(LION) - 2025 Q3 - Earnings Call Transcript
2025-02-06 23:00
Lionsgate Studios (LION) Q3 2025 Earnings Call February 06, 2025 05:00 PM ET Company Participants Nilay Shah - Executive VP & Head of Investor RelationsJon Feltheimer - CEOJames Barge - Chief Financial OfficerJeffrey Hirsch - President & CEOKevin Beggs - Chairman of Lionsgate Television GroupAdam Fogelson - Chairman of Motion Picture Group Conference Call Participants Steven Cahall - AnalystThomas Yeh - AnalystBarton Crockett - Managing Director & Senior Research AnalystDavid Joyce - Senior Equity Analyst - ...
Regal Beloit(RRX) - 2024 Q4 - Earnings Call Transcript
2025-02-06 16:00
Regal Rexnord (RRX) Q4 2024 Earnings Call February 06, 2025 10:00 AM ET Company Participants Robert Barry - VP, IRLouis Pinkham - CEORobert Rehard - Executive VP & CFOMichael Halloran - Associate Director of ResearchNigel Coe - Managing DirectorVivek Srivastava - Vice President Conference Call Participants Mitchell Moore - Associate AnalystKyle Menges - Vice President - Equity Research AnalystJulian Mitchell - Equity Research AnalystTim Thein - Managing Director & Research AnalystChristopher Glynn - Managin ...