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Jiangsu Zhongxin Pridon New Material Co., Ltd.(H0387) - Application Proof (1st submission)
2026-01-29 16:00
The Stock Exchange of Hong Kong Limited and the Securities and Futures Commission take no responsibility for the contents of this Application Proof, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this Application Proof. Application Proof of JIANGSU ZHONGXIN PRIDON NEW MATERIAL CO., LTD. 江蘇中鑫家居新材料股份有限公司 (the "Company") (A joint stock company established i ...
The International Surface Event (tise) Announces Recipients of the "What’s Hot – Best of tise” 2026 Awards
Globenewswire· 2026-01-29 00:08
Winning companies include Mohawk, Cali, Arizona Tile, Full Circle Water, among others.LAS VEGAS, Jan. 28, 2026 (GLOBE NEWSWIRE) -- Informa Markets' The International Surface Event (tise), the largest annual resource for the flooring, stone and tile industries, today announces the winners of the annual “What’s Hot – Best of tise 2026 Awards”. The awards are sponsored by Floor Covering News and Stone World. tise is the ultimate gathering to discover new products at the peak of the year's buying cycle, making ...
The International Surface Event (tise) Announces Recipients of the "What's Hot – Best of tise” 2026 Awards
Globenewswire· 2026-01-29 00:08
LAS VEGAS, Jan. 28, 2026 (GLOBE NEWSWIRE) -- Informa Markets' The International Surface Event (tise), the largest annual resource for the flooring, stone and tile industries, today announces the winners of the annual “What’s Hot – Best of tise 2026 Awards”. The awards are sponsored by Floor Covering News and Stone World. tise is the ultimate gathering to discover new products at the peak of the year's buying cycle, making it the go-to destination for industry professionals. As the epicenter for innovation a ...
Chicago Partners Investment Group LLC Increases Stake in Mohawk Industries, Inc. $MHK
Defense World· 2026-01-24 08:34
Chicago Partners Investment Group LLC raised its stake in Mohawk Industries, Inc. (NYSE:MHK – Free Report) by 230.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,180 shares of the company’s stock after acquiring an additional 4,307 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Mohawk Industries were worth $734,000 at the end of the most recent reporting period. Get Mohawk Industries alerts: ...
Soft Housing Clouds Mohawk Industries, Inc. (MHK)’s Upside
Yahoo Finance· 2025-12-30 17:27
Core Viewpoint - Mohawk Industries, Inc. (NYSE:MHK) is considered a cheap stock with a mixed analyst response, showing a potential upside of 25.65% based on a median price target of $138.50 [1] Analyst Ratings and Price Targets - Jefferies reduced the price target for Mohawk Industries to $128 from $134, maintaining a 'Hold' rating, as they favor consumer-facing companies with strong pricing power due to a projected soft residential construction market entering 2026 [2] - Wells Fargo lowered the price target to $110 from $125 while reaffirming an 'Equal Weight' rating, citing skepticism about the housing market complicating investment strategies for 2025 [3] - Barclays also adjusted the price target to $121 from $122, reiterating an 'Equal Weight' rating, and noted a continued decline in single-family housing starts, indicating a volatile housing market [4] Company Overview - Mohawk Industries, Inc. is based in Georgia and specializes in flooring products for both remodeling and new construction, operating through three segments: Global Ceramic, Flooring North America, and Flooring Rest of the World [4]
Live Ventures Reports Fiscal Year 2025 Financial Results
Globenewswire· 2025-12-11 13:30
Core Insights - Live Ventures Incorporated reported a significant turnaround in fiscal year 2025, with a 231.7% increase in operating income, driven by strategic pricing and cost-reduction initiatives despite challenges in the housing market [3][4]. Financial Performance - Revenue for fiscal year 2025 decreased by 5.9% to approximately $444.9 million from $472.8 million in the prior year, primarily due to declines in the Retail-Flooring, Flooring Manufacturing, and Steel Manufacturing segments [6][8]. - Operating income increased to $14.6 million from an operating loss of $13.6 million in the previous year, marking a 207.3% improvement [6][11]. - Net income rose to $22.7 million, a 185.2% increase compared to a net loss of $26.7 million in the prior year, with diluted earnings per share improving to $4.93 from a loss of $8.48 [6][12]. - Adjusted EBITDA increased by 36.3% to $33.4 million from $24.5 million in the prior year, reflecting improved operational performance [6][13]. Segment Performance - Retail-Entertainment segment revenue grew by 9.1% to approximately $77.5 million, driven by strong consumer demand for vintage and collectible media [22]. - Retail-Flooring segment revenue decreased by 10.7% to approximately $122.3 million, attributed to store dispositions and decreased consumer demand due to housing market weakness [23]. - Flooring Manufacturing segment revenue fell by 8.6% to approximately $121.6 million, primarily due to reduced consumer demand [24]. - Steel Manufacturing segment revenue decreased by 5.1% to approximately $132.6 million, with lower sales volumes offset by revenue from the acquisition of Central Steel [25]. Operational Highlights - Gross margin improved to 32.7% from 30.6% in the prior year, driven by efficiencies and the acquisition of higher-margin businesses [9][10]. - The company repurchased 59,704 shares of common stock at an average price of $8.85 per share [9]. - As of September 30, 2025, total assets were $386.4 million, with stockholders' equity at $95.3 million [9][14].
Why One Fund Cut a $4.1 Million Stake Amid Interface’s Blowout $364.5 Million Quarter
Yahoo Finance· 2025-12-08 08:50
Core Insights - Meros Investment Management sold 259,973 shares of Interface, reducing its position by approximately $4.1 million in the third quarter, leaving a remaining stake of 166,576 shares valued at $4.8 million as of September 30 [2][3][7] - The sale decreased Interface's representation in Meros's reportable assets under management (AUM) to 2.1%, down from 4.24% in the previous quarter [4] - Interface's stock price was $27.32, reflecting a 5% increase over the past year, but underperforming compared to the S&P 500, which rose 13% in the same period [4] Company Overview - Interface, Inc. has a market capitalization of $1.6 billion, with a trailing twelve months (TTM) revenue of $1.4 billion and a net income of $113 million [5] - The company specializes in modular flooring products, including carpet tiles, resilient flooring, and luxury vinyl tiles, serving both commercial and residential markets [6][9] Recent Performance - In the third quarter, Interface reported net sales of $364.5 million, a 5.9% increase year-over-year, and a GAAP EPS of $0.78, which is a 62.5% increase from the previous year [10] - Management raised full-year sales guidance to nearly $1.38 to $1.39 billion, indicating confidence in future performance [10] - The company generated $76.7 million in cash during the third quarter, highlighting strong cash flow and operational momentum [11] Sales Channels - Interface generates revenue through direct sales to end-users, indirect sales via contractors and distributors, and online channels, complemented by project management and maintenance services [12]
Why One Fund Cut a $4.1 Million Stake Amid Interface's Blowout $364.5 Million Quarter
The Motley Fool· 2025-12-08 08:30
Core Insights - Meros Investment Management sold 259,973 shares of Interface, reducing its stake by approximately $4.1 million, leaving a remaining position of 166,576 shares valued at $4.8 million at quarter-end [2][3] Company Performance - Interface reported a 5.9% increase in net sales to $364.5 million for the third quarter, with GAAP EPS rising 62.5% year-over-year to $0.78 and adjusted EPS increasing by 27% to $0.61 [9] - The company raised its full-year sales guidance to nearly $1.38 to $1.39 billion, indicating improved operational performance and higher adjusted gross margins [9] Market Position - As of the latest filing, Interface's shares were priced at $27.32, reflecting a 5% increase over the past year, although this performance lags behind the S&P 500, which rose by 13% in the same period [3] - Interface's market capitalization stands at $1.6 billion, with a trailing twelve-month (TTM) revenue of $1.4 billion and a TTM net income of $113 million [4] Business Overview - Interface is a modular flooring company with a diverse product portfolio, including modular carpet tiles, resilient flooring, and luxury vinyl tile, serving both commercial and residential markets globally [6][8] - The company generates revenue through direct sales to end-users, indirect sales via contractors and distributors, and online channels, complemented by project management and maintenance services [8]
SMJ International Holdings Inc. Announces the Closing of its US$10 Million Initial Public Offering
Businesswire· 2025-12-05 21:15
Core Viewpoint - SMJ International Holdings Inc. has successfully closed its initial public offering, raising capital through the sale of Class A ordinary shares at a set price [1] Group 1: Company Overview - SMJ International Holdings Inc. is a Singapore-based premium flooring specialist [1] - The company distributes a wide range of premium flooring products under its proprietary "SMJ" brand across Asian markets [1] Group 2: Offering Details - The firm commitment initial public offering consisted of 2,500,000 Class A ordinary shares [1] - The public offering price was set at US$4.00 per share [1]
Live Ventures to Issue Fiscal Year End 2025 Financial Results and Hold Earnings Conference Call on December 11, 2025
Globenewswire· 2025-12-04 13:30
Group 1 - Live Ventures Incorporated will release its financial results for the fiscal year ended September 30, 2025, on December 11, 2025, before market opening [1] - A conference call to discuss the financial results will take place on December 11, 2025, at 2:00 p.m. Pacific Standard Time [1] - The company encourages participants to dial in at least 15 minutes in advance for the conference call [1] Group 2 - Live Ventures is a diversified holding company focused on value-oriented acquisitions of domestic middle-market companies [2] - The company's acquisition strategy is sector agnostic, targeting well-run, closely held businesses with a proven track record of earnings growth and cash flow generation [2] - Live Ventures was founded in 1968 and refocused into a diversified holding company in 2011 under the leadership of CEO Jon Isaac [2] - The current portfolio includes subsidiaries in various industries such as textile, flooring, tools, steel, and entertainment [2]