Group 1 - Six IPOs and one SPAC debuted this week, indicating a continued interest in public offerings despite market conditions [2] - Nine IPOs and two SPACs submitted initial filings this week, suggesting a robust pipeline for future offerings [2] - Singapore-based heavy equipment provider Ten-League International Holdings (TLIH) priced its US IPO at the bottom of the range, reflecting cautious investor sentiment [2]

Core Viewpoint - Ten-League International Holdings Limited successfully closed its initial public offering, raising a total of US$6,431,360 by offering 2,240,000 ordinary shares at a price of US$4.00 per share, with trading commencing on the Nasdaq Capital Market under the ticker symbol "TLIH" [1][2]. Group 1: Offering Details - The offering consisted of 2,240,000 ordinary shares, with 1,607,840 shares offered by the Company and 632,160 shares by selling shareholders [1]. - The Company received gross proceeds of US$6,431,360 from the offering before deducting underwriting discounts and other expenses [1]. - Bancroft Capital, LLC acted as the sole underwriter for the offering, which was conducted on a firm commitment basis [2]. Group 2: Use of Proceeds - Proceeds from the offering will be allocated for several purposes, including expanding the Company's product offerings, improving automation processes, investing in equipment and technology, and pursuing strategic acquisitions [2]. - Additional uses of the proceeds include marketing and brand building, repayment of bank borrowing, and general working capital [2]. Group 3: Company Overview - Ten-League International Holdings Limited is a Singapore-based provider of turnkey project solutions, primarily engaged in the sales and rental of heavy equipment, as well as engineering consultancy services for various industries [5]. - The Company's equipment is categorized into four types: foundation equipment, hoist equipment, excavation equipment, and port machinery [5]. - The mission of the Company is to deliver high-quality equipment and value-added engineering solutions while continuously adapting to new technologies [5].

SINGAPORE, July 08, 2025 (GLOBE NEWSWIRE) -- Ten-League International Holdings Limited (the “Company” or “Ten-League”), a Singapore-based provider of turnkey project solutions, today announced the pricing of its initial public offering (the “Offering”) of 2,240,000 ordinary shares, 1,607,840 of which are being offered by the Company and 632,160 by selling shareholders, at a public offering price of US$4.00 per ordinary share. The ordinary shares have been approved for listing on the Nasdaq Capital Market an ...

Core Viewpoint - BofA Securities analyst maintains a Buy Rating on Caterpillar, Inc. with a price target of $385, highlighting the potential of the Energy & Transportation segment as a key driver for future earnings growth [1][2] Group 1: Company Performance and Projections - Caterpillar's Energy & Transportation (E&T) segment contributes approximately 40% of total sales, making it the least understood segment within the company [1] - The E&T segment is expected to lead the next earnings upcycle, driven by long-term growth in data centers, power generation, and pipeline expansions through 2030 [2] - Caterpillar is guiding for $2.5 billion in earnings by 2025, a significant increase from the average of $1.2 billion over the last decade, indicating a notable inflection point [2] - Projected revenue for 2025 is $59.3 billion with earnings per share estimated at $17.50 [3] Group 2: Capital Expenditure and Management Strategy - Since 2017, capital expenditures (capex) to sales and capex to depreciation have averaged 2% and 70%, respectively, with the current capex step-up significantly exceeding these averages [3] - The management team, under new CEO Joseph Creed, continues to focus on improving returns and free cash flow generation [2][3] - Management is investing in capex for the first time in a decade to expand large engine capacity to meet the rising demand in power generation and data centers [4] Group 3: Historical Context and Market Dynamics - The EPS upcycle from 2009-2012 was primarily driven by Resource Industries, while the current upcycle from 2020-2023 is significantly supported by Construction Industries [4] - E&T's contribution to operating profit has increased to 40% from 33% two years ago, despite cyclical pressures affecting Construction and Resources [4] - E&T pricing remains positive, contrasting with negative pricing in core segments, indicating resilience and growth potential within this segment [4]

Core Insights - Finning International Inc. released its 2024 Sustainability Report, showcasing progress in sustainability performance and objectives [1][2] - The company aims for a 40% reduction in absolute Scope 1 and Scope 2 GHG emissions by 2027 from a 2017 baseline and is currently on track to meet this target [4][6] Sustainability Performance - In 2024, Finning increased safety-related critical control verifications by 27% compared to 2023 [2] - The company reported a 30% reduction in absolute Scope 1 and Scope 2 GHG emissions from the 2017 baseline [6] - 64% of graduates from the Semillero technician trainee program in Chile were women, promoting gender equity in the mining industry [6] - Finning procured $32.8 million from Indigenous-owned businesses in Canada [6] - The company remanufactured 14,820 components to like-new condition, reducing waste and resource use [6] - 56% of non-hazardous waste was diverted from landfills [6] Strategic Initiatives - Finning is focusing on advancing diversity and inclusion, as well as supporting customers with exceptional product support and technology solutions [2] - The company is encouraged by the increased demand for technologies such as battery energy storage systems and dynamic gas blending to assist customers in their energy transitions [2]

Group 1 - The article discusses the impact of the acquisition of the Environmental Solutions Group by Terex (NYSE: TEX) from Dover (DOV), indicating that this acquisition aimed to create a more diversified business for Terex [1] - It is noted that the timing of the acquisition coincided with a period of softness in Terex's shares, suggesting potential challenges in the market environment following the deal [1] - The investing group "Value In Corporate Events" provides insights and actionable ideas related to major corporate events such as earnings reports, M&A, and IPOs, with a focus on identifying the best investment opportunities [1] Group 2 - The article emphasizes that the coverage includes 10 major events per month, highlighting the group's commitment to finding lucrative investment opportunities in the corporate sector [1] - There is a mention of the group's services being available through a premium subscription, which includes a free trial for potential members [1] - The analyst's disclosure states that there are no current stock or derivative positions in the companies mentioned, indicating an unbiased perspective in the analysis provided [1]

Core Insights - Finning International Inc. reported strong financial results for Q1 2025, with net revenue of CAD 2.5 billion, up 7% year-over-year, driven by a 7% increase in new equipment revenue and an 11% increase in product support revenue [6][11] - The company generated CAD 135 million in free cash flow, a significant improvement from a cash use of CAD 210 million in Q1 2024, reflecting higher inventory turns and reduced working capital [6][11] - Finning's backlog reached an all-time high of CAD 2.8 billion, up 9% from the previous quarter, primarily due to large mining equipment orders in Canada [6][11] Financial Performance - Q1 2025 revenue was CAD 2.8 billion, with a gross profit of CAD 624 million, representing a gross profit margin of 24.9% [6][7] - Adjusted EPS for Q1 2025 was CAD 0.99, an 18% increase compared to Q1 2024, while reported EPS was CAD 0.77, which included a CAD 0.22 impairment loss related to non-core assets [6][7] - Adjusted EBIT for Q1 2025 was CAD 213 million, up 6% from the previous year, with an adjusted EBIT margin of 8.5% [6][7] Operational Highlights - The company experienced double-digit growth in product support, with a 5% increase in product support revenue over the last twelve months [3][4] - Significant business was won with data center customers in the UK and Ireland, as well as mining customers in Canada, contributing to the strong backlog [4][11] - The company announced a 10% increase in its quarterly dividend, marking the 24th consecutive year of dividend growth [4][11] Regional Performance - South America operations saw a 17% increase in net revenue, driven by new equipment deliveries and strong product support growth in the mining segment [16] - Canada operations reported a decrease in net revenue by 8%, primarily due to lower new equipment sales in power systems, but product support revenue increased by 4% [16] - UK & Ireland operations faced soft demand in the construction sector, but strong activity in power systems and product support helped maintain resilience [32] Corporate Developments - Finning entered into agreements to sell 4Refuel for an implied transaction value of up to CAD 450 million and Compression Technology Corporation for CAD 40 million [6][11] - The proceeds from these transactions are expected to be used for share repurchases, debt repayment, and general corporate purposes [33] - The company has received approval to renew its normal course issuer bid to purchase up to 13.3 million common shares, representing 9.9% of the public float [17][18]

Q1 2025 Earnings Conference Call May 2, 2025 Forward Looking Statements Certain information in this presentation includes forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 (the "Exchange Act") and the Private Securities Litigation Reform Act of 1995) regarding future events or our future financial performance that involve certain contingencies and uncertainties, including those discussed in our Annual Report on For ...

Group 1: Earnings Performance - Visa reported quarterly earnings of $2.76 per share, exceeding the Zacks Consensus Estimate of $2.68 per share, and up from $2.51 per share a year ago, representing an earnings surprise of 2.99% [1] - The company posted revenues of $9.59 billion for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 0.34%, compared to $8.78 billion in the same quarter last year [2] - Over the last four quarters, Visa has consistently surpassed consensus EPS estimates four times and topped revenue estimates three times [2] Group 2: Stock Performance and Outlook - Visa shares have increased approximately 6.8% since the beginning of the year, contrasting with a -6% decline in the S&P 500 [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to those expectations [4] - The current consensus EPS estimate for the upcoming quarter is $2.83 on revenues of $9.86 billion, and for the current fiscal year, it is $11.30 on revenues of $39.6 billion [7] Group 3: Industry Context - The Financial Transaction Services industry, to which Visa belongs, is currently ranked in the top 28% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Visa's stock performance [5][6]

First Quarter 2025 Earnings April 29, 2025 B U I L T T O C O N N E C T Safe Harbor Certain statements contained in this presentation contain forward-looking statements within the meaning of the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Such statements relate to, among other things, income, earnings, cash flows, changes in operations, operating improvements, businesses in which we operate and the United State ...