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Greif, Inc. Enters Into Definitive Agreement to Sell Containerboard Business for $1.8 Billion
Globenewswire· 2025-07-01 11:00
Core Viewpoint - Greif, Inc. has announced the divestiture of its Containerboard business for $1.8 billion to Packaging Corporation of America, which aligns with its strategy to enhance capital efficiency and focus on growth priorities [2][4]. Financial Impact - The cash proceeds from the divestiture will be allocated to debt repayment, resulting in a pro-forma leverage ratio below 2.0x after closing, with further reductions expected from the planned divestiture of Greif's timberland business [3]. - This transaction is expected to unlock value-creation opportunities and enhance capital utilization, reducing recurring capital needs [8]. Strategic Rationale - The sale is part of Greif's "Build to Last" strategy, aimed at sharpening the company's portfolio and advancing growth priorities [4]. - The remaining material solutions will maintain leadership positions to drive margin expansion and cash flow generation [4]. Conference Call - Greif will host an investor call on July 1, 2025, to discuss the rationale for the divestment and its impact on proforma business operations [5].
MSC INDUSTRIAL SUPPLY CO. REPORTS FISCAL 2025 THIRD QUARTER RESULTS
Prnewswire· 2025-07-01 10:30
FISCAL 2025 Q3 HIGHLIGHTS Net sales of $971.1 million decreased 0.8% YoY Operating income of $82.7 million, or $87.2 million on an adjusted basis1 Operating margin of 8.5%, or 9.0% on an adjusted basis1 Diluted EPS of $1.02 vs. $1.27 in the prior fiscal year quarter Adjusted diluted EPS of $1.08 vs. $1.33 in the prior fiscal year quarter1MELVILLE, N.Y. and DAVIDSON, N.C., July 1, 2025 /PRNewswire/ -- MSC INDUSTRIAL SUPPLY CO. (NYSE: MSM) ("MSC," "MSC Industrial," the "Company," "we," "us," or "our"), a lead ...
信通电子首发上市,淄博A股公司数量增至35家
Qi Lu Wan Bao Wang· 2025-07-01 04:42
Company Overview - Shandong Xintong Electronics Co., Ltd. successfully listed on the Shenzhen Stock Exchange on July 1, 2023, with the stock code 001388 [1] - Established in 1996, the company specializes in industrial IoT smart terminals and system solutions, focusing on power and communication sectors [1][2] - Recognized as a "Little Giant" enterprise by the Ministry of Industry and Information Technology in 2021 [1] IPO Journey - The IPO process began in February 2019 when the company signed an agreement with China Merchants Securities for its initial public offering [2] - The major shareholders include Li Quanyong, holding approximately 47.27%, and Wang Legang, holding about 11.74% [2] - The company was previously listed on the New Third Board in December 2014 but terminated its listing in April 2018 [2] Financial Performance - Revenue figures for 2022 to 2024 are projected at 781 million yuan, 931 million yuan, and 1.005 billion yuan respectively, with net profits of 117 million yuan, 124 million yuan, and 142 million yuan [3] - The first quarter of 2025 is expected to show improved performance due to increasing market demand in the power industry [3] Fundraising and Future Plans - The company aims to raise approximately 475 million yuan through this IPO to enhance production scale, technological advantages, and core competitiveness [3] - Planned investments include the development of a three-dimensional inspection and big data analysis platform, maintenance base and service network construction, and a research and development center [3] - Future strategies focus on enhancing manufacturing capabilities and customer service, aiming to become a leader in empowering industries through IoT [3] Market Impact - Following the IPO, the company's stock price reached 67.02 yuan per share, marking a 308.16% increase and a market capitalization exceeding 10.46 billion yuan [3] - With this listing, the total number of A-share listed companies in Zibo has reached 35, with 13 in the Zibo High-tech Zone [4]
新股N信通盘初涨近300%
news flash· 2025-07-01 01:33
新股N信通盘初涨近300%,信通电子(001388)是一家以电力、通信等特定行业运行维护为核心服务 目标的工业物联网智能终端及系统解决方案提供商。2024年度,公司实现营业收入10.05亿元,净利润 14,277.98万元。 ...
2 Top-Ranked Stocks Suited for Momentum Investors
ZACKS· 2025-06-30 23:56
Group 1: Market Trends - Stocks near all-time or 52-week highs indicate strong bullish sentiment, with buyers in control [1] - Stocks making new highs are likely to continue rising, especially with positive earnings estimate revisions [8] Group 2: Credo Technology Group (CRDO) - Credo Technology, rated Zacks Rank 1 (Strong Buy), offers innovative high-speed connectivity solutions, benefiting from the AI surge [3][4] - The company reported a remarkable 180% year-over-year increase in sales, significantly exceeding consensus expectations [5] - The outlook for Credo remains bullish due to sustained demand and increased AI spending [4] Group 3: Heico (HEI) - Heico, also rated Zacks Rank 1 (Strong Buy), operates in aerospace, industrial, defense, and electronics sectors, with products used in various aircraft [9] - The company achieved record Q2 sales and net income, with sales growing 15% and net income increasing by 27%, surpassing consensus expectations [10] - Both segments of Heico, Flight Support and Electrical Technologies, experienced sales growth of 19% and 7%, respectively, with an operating margin increase to 22.6% from 21.9% year-over-year [10]
Are You Looking for a Top Momentum Pick? Why DXP Enterprises (DXPE) is a Great Choice
ZACKS· 2025-06-30 17:00
Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Whil ...
Air Products to Broadcast Fiscal 2025 Third Quarter Earnings Teleconference on July 31, 2025
Prnewswire· 2025-06-30 17:00
Company Overview - Air Products (NYSE: APD) is a leading industrial gases company with over 80 years of operation, focusing on energy, environmental, and emerging markets to generate a cleaner future [3] - The company supplies essential industrial gases and related equipment to various industries, including refining, chemicals, metals, electronics, manufacturing, medical, and food [3] - Air Products is the leading global supplier of hydrogen and is involved in developing, engineering, building, owning, and operating some of the world's largest clean hydrogen projects [3] Financial Performance - For fiscal 2024, Air Products reported sales of $12.1 billion from operations in approximately 50 countries [4] - The current market capitalization of Air Products is about $60 billion [4] Upcoming Events - Air Products will hold a conference call to discuss its fiscal 2025 third quarter financial results on July 31, 2025, at 8:00 a.m. ET, which will be open to the public and media in listen-only mode [1] - The teleconference can be accessed via telephone and Internet broadcast, with details available on the company's Investor Relations website [1][2]
$252.5M financing secured for a 3.64M SF national industrial portfolio
Prnewswire· 2025-06-30 15:49
Core Insights - JLL arranged $252.5 million in financing for the Lower Terra Industrial Portfolio, which consists of 21 light industrial properties totaling 3.64 million square feet across 17 U.S. markets [1][2] Company Overview - JLL's Capital Markets group is a global provider of capital solutions for real estate investors and occupiers, with over 3,000 specialists worldwide and operations in nearly 50 countries [6][12] Portfolio Details - The Lower Terra Industrial Portfolio is strategically located across 13 states, benefiting from access to labor markets that represent approximately 18% of the U.S. workforce [3] - The portfolio has a high occupancy rate of 98%, with 16 diverse tenants from major sectors of the U.S. economy [4] - The properties feature long-term tenant commitments, averaging over 30 years, including mission-critical facilities and four headquarters locations [3][4] Market Trends - There is a notable increase in manufacturing leasing activity, with a 17.4% rise quarter-over-quarter as of Q1 2025, indicating pent-up demand in the sector [4]
Best Momentum Stocks to Buy for June 30th
ZACKS· 2025-06-30 15:00
Group 1 - Shore Bancshares, Inc. (SHBI) has a Zacks Rank 1 and its current year earnings estimate increased by 7.1% over the last 60 days [1] - Shore's shares gained 15.1% over the last three months, outperforming the S&P 500's 10% advance [1] - Worthington Enterprises, Inc. (WOR) has a Zacks Rank 1 with a current year earnings estimate increase of 16.2% over the last 60 days [2] - Worthington's shares gained 27.4% over the last three months, significantly outperforming the S&P 500's 10% advance [2] - Greif, Inc. (GEF) holds a Zacks Rank 1 and its current year earnings estimate increased by 6.9% over the last 60 days [3] - Greif's shares gained 18% over the last three months, also outperforming the S&P 500's 10% advance [3] - All three companies possess strong momentum characteristics, with Shore and Worthington having Momentum Scores of A, while Greif has a Momentum Score of B [1][2][3]