Planisware expands its Asia-Pacific footprintwith the opening of an office andtwo new data centers in Australia Paris, France, December 11, 2025 - Planisware, a leading provider of B2B AI-powered SaaS platforms serving the rapidly growing Project Economy, announces the opening of an office and two new data centers in Australia. This dual initiative marks an important step in the group's international development strategy and consolidates its presence in the Asia-Pacific region, where Planisware already has ...

ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation ("Middleby†) (NASDAQ: MIDD) today announced entry into a definitive agreement under which it will sell a 51% stake in its Residential Kitchen business to affiliates of 26North Partners LP ("26North†) in a transaction valuing Residential Kitchen at $885 million. Following this transaction, Middleby will own a 49% non-controlling interest in a new standalone joint venture holding the Residential Kitchen business, while receiving upfront cash. ...

Core Viewpoint - Li Bang International Corporation Inc. has announced the listing of its new Class A ordinary shares on the Nasdaq Capital Market, effective November 21, 2025, replacing the previously listed ordinary shares under the same symbol "LGBJ" [1][5]. Group 1: Share Structure Changes - On June 27, 2025, shareholders approved a dual-class share structure, re-designating all issued Ordinary Shares into Class A Ordinary Shares with one vote per share, and creating Class B Ordinary Shares with fifteen votes per share [2]. - The authorized share capital of the Company is now US$50,000, divided into 450,000,000 Class A Ordinary Shares and 50,000,000 Class B Ordinary Shares [3]. - The Company repurchased 15,436,000 Class A Ordinary Shares and issued an equal number of Class B Ordinary Shares to the shareholders involved, consolidating control of voting power with key executives [4]. Group 2: Trading and Listing Information - The Class A Ordinary Shares will begin trading on the Nasdaq Capital Market under the same symbol "LGBJ" and the same CUSIP number G5480M102, with Class B Ordinary Shares not being listed or traded on any exchange [5]. Group 3: Company Overview - Li Bang International Corporation Inc. specializes in the development, production, and sale of stainless-steel commercial kitchen equipment in China, aiming to become a leading manufacturer in the industry [6]. - The Company offers comprehensive services from design to installation and after-sales maintenance, emphasizing innovation and high quality in its products [6].

Company Overview - Middleby Corporation (NASDAQ:MIDD) is a leading manufacturer of commercial kitchen equipment, residential appliances, and food processing systems, operating globally and serving diverse customers in the foodservice, food processing, and residential kitchen markets [1] Stock Performance - Over the past 30 days, Middleby has seen a modest gain of 1.49%, indicating positive momentum, but experienced a slight decline of 1.65% in the last 10 days, which may present a buying opportunity for investors [2] Growth Potential - Middleby shows a promising growth potential of 25.07%, suggesting significant room for stock price appreciation, making it attractive for growth-focused investors [3][5] - The company boasts a Piotroski Score of 8, reflecting solid financial health and efficient operations [3][5] Target Price - The target price for Middleby is set at $168.33, indicating potential upside from the current price and aligning with the stock's growth potential, thus presenting a favorable risk-reward profile for investors [4][5] - The stock has recently touched a local minimum, suggesting a possible reversal and upward movement [4]

Core Viewpoint Li Bang International Corporation reported a significant increase in revenue and a reduction in net loss for the six months ended December 31, 2024, compared to the same period in 2023, indicating improved operational performance despite economic challenges in China. Financial Performance - Total revenue increased by $987,000, or 26.5%, to $4,716,845 for the six months ended December 31, 2024, from $3,729,845 in 2023, primarily driven by higher project sales [4][5] - Gross profit rose to $840,929, reflecting a 37.5% increase from $611,788 in the prior year, with gross margin improving to 17.8% from 16.4% [7][5] - Operating expenses decreased by $167,149, or 7.6%, to $2,023,363, down from $2,190,512 in 2023 [8][16] Project and Retail Sales - Revenue from project sales increased by $963,906, or 27.6%, to $4,451,937, attributed to the completion of three additional projects compared to the previous year [6] - Retail sales revenue grew by $23,094, or 9.6%, to $264,908, due to a slight increase in the number of retail transactions [6] Net Loss and Other Income - Net loss decreased to $1,125,915 for the six months ended December 31, 2024, down from $1,463,048 in 2023, marking a reduction of $337,133 [10][5] - Other income decreased significantly, resulting in a net other expense of $10,899 compared to a net income of $134,568 in the previous year [9][24] Cash Flow and Balance Sheet - Net cash provided by operating activities was $258,431, an increase of $430,260 from a net cash used of $171,829 in 2023, reflecting improved profitability and receivable management [12] - As of December 31, 2024, cash increased to $1,094,269 from $153,914 as of June 30, 2024, indicating a strong liquidity position [11] Equity and Financing - The company completed its initial public offering (IPO) in 2024, resulting in net proceeds of approximately $5.23 million, contributing to a significant increase in cash flow from financing activities [14]

Core Insights - The Middleby Corporation reported first-quarter 2025 adjusted earnings of $2.08 per share, exceeding the Zacks Consensus Estimate of $1.94, marking a year-over-year increase of 10.1% due to lower costs [1] - Net revenues for the quarter were $906.6 million, falling short of the consensus estimate of $941 million, representing a year-over-year decrease of 2.2% [2] Financial Performance - The Commercial Foodservice Equipment Group segment, accounting for 62.1% of net sales, generated $562.7 million, down 3.2% year over year, with organic sales decreasing by 2.8% [2] - The Residential Kitchen Equipment Group segment, representing 19.4% of total sales, reported $176 million, an increase of 1.2% year over year, with organic sales up by 2% [3] - The Food Processing Equipment Group segment, making up 18.5% of sales, totaled $167.9 million, down 2.2% year over year, with organic sales decreasing by 12.9% [4] Margin and Cost Analysis - Cost of sales decreased by 3.4% year over year to $560.7 million, while gross profit slightly declined by 0.1% to $345.9 million, resulting in a gross margin of 38.2%, an increase of 80 basis points from the previous year [5] - Selling, general and administrative expenses fell by 1.7% year over year to $202.6 million, leading to a 2.5% increase in operating income to $140.6 million, with an operating margin increase of 70 basis points to 15.5% [5] Cash Flow and Balance Sheet - As of the end of the first quarter, Middleby had cash and cash equivalents of $745.1 million, up from $689.5 million at the end of December 2024, with long-term debt slightly decreasing to $2.34 billion [7] - The company generated net cash of $141.1 million from operating activities in the first three months of 2025, compared to $140.9 million in the same period last year [7] - Capital expenditure for the quarter was $33.7 million, significantly higher than $13.7 million in the year-ago period, while free cash flow decreased to $107.4 million from $127.2 million [8] Strategic Developments - Middleby is on track to spin off its food processing business into a standalone public company, expected to be completed by early 2026, aiming to create two independent companies focused on different market segments [9][10]