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General Enterprise Ventures Announces Uplisting to the NYSE American Stock Exchange
Businesswire· 2025-11-28 18:54
OCEANSIDE, Calif.--(BUSINESS WIRE)--General Enterprise Ventures, Inc. (OTCID: GEVI) today announced that its common stock has been approved for listing on the NYSE American LLC ("NYSE American†). Accordingly, the Company's common stock will commence trading on the NYSE American effective at the opening of trading on or about December 4, 2025. The Company's common stock will subsequently trade under the symbol "CITR.†Wes Bolsen, CEO of General Enterprise Ventures, Inc. which owns the CitroTech family of ...
Westlake Announces Achievement of 2030 Emissions Target in 2024 Sustainability Report
Businesswire· 2025-11-24 21:15
Core Insights - Westlake Corporation has achieved its target of reducing Scope 1 and Scope 2 CO2e emissions per ton of production by 20% compared to its 2016 baseline, as reported in its 2024 Sustainability Report [1][2] - The company is now committed to further reducing these emissions by an additional 5% by 2030, using a 2024 baseline, aiming for a total reduction of 25% from the 2016 baseline [2][3] - The Sustainability Report adheres to internationally recognized standards such as GRI, SASB, and TCFD, ensuring transparency in its sustainability metrics [3][4] Emissions Reduction Goals - Initial target of 20% reduction in Scope 1 and Scope 2 CO2e emissions has been met [2] - New goal set for an additional 5% reduction by 2030, leading to a cumulative 25% reduction from the 2016 baseline [2][3] Commitment to Sustainability - The company emphasizes its ongoing commitment to sustainability as essential for future growth and reducing its environmental footprint [3] - Westlake actively seeks feedback on its sustainability performance from various stakeholders, including customers and investors [4]
NPK Announces Acquisition of Grassform Plant Hire Limited
Businesswire· 2025-11-24 13:35
Acquisition Details - NPK International Inc. announced the acquisition of Grassform Plant Hire Limited for an all-cash purchase price of £35.2 million ($46.4 million), with potential additional consideration based on performance through February 28, 2026 [1][2] - The acquisition was primarily funded using cash on hand and approximately $10 million of borrowings under the Company's U.S. credit facility [1] Company Overview - Grassform is a U.K. market leader in ground protection and temporary roadway solutions, operating a fleet of over 20,000 composite mats [1] - For the twelve months ended October 31, 2025, Grassform generated revenue of £15 million ($19 million) and EBITDA of £6 million ($8 million) [1] Strategic Implications - The acquisition is expected to enhance NPK's U.K. operations through increased scale and the addition of a skilled team, expanding market coverage [2] - The transaction aligns with NPK's growth strategy, focusing on scaling its rental business through geographic expansion and market share growth [2] - NPK anticipates meaningful opportunities in the U.K. market, supported by a robust outlook for infrastructure investments in the coming years [2]
nVent Electric plc to Participate in the Goldman Sachs Industrials and Materials Conference
Businesswire· 2025-11-21 17:29
Core Points - nVent Electric plc will participate in the Goldman Sachs Industrials and Materials Conference on December 3, 2025, with CFO Gary Corona presenting at 10:50 a.m. ET [1] - A webcast of the presentation will be available on nVent's Investor Relations website [2] Company Overview - nVent is a global leader in electrical connection and protection solutions, focusing on enabling safer systems and a more secure world [3] - The company designs, manufactures, markets, installs, and services high-performance products that protect sensitive equipment and critical processes [3] - nVent's portfolio includes well-known brands such as nVent CADDY, ERICO, HOFFMAN, ILSCO, SCHROFF, and TRACHTE, with a history spanning over 100 years [3]
Atkore Expands Scope of Strategic Alternatives Review to Maximize Shareholder Value
Businesswire· 2025-11-20 11:00
Core Viewpoint - Atkore Inc. is expanding its strategic alternatives review to include assets beyond its core electrical infrastructure portfolio, considering options such as a potential sale or merger of the entire company to maximize shareholder value [1][2]. Strategic Review Process - The Board of Directors has authorized Citi and J.P. Morgan Securities LLC to assist in the expanded strategic review process [2]. - There is no definitive timetable for the completion of the strategic alternatives review, and the company does not intend to make further public comments until necessary [3]. Board of Directors Update - Atkore will appoint Franklin Edmonds to its Board of Directors as part of a cooperation agreement with Irenic Capital Management, expanding the Board to ten directors, with nine being independent [4][5]. - A Strategic Review Committee will be formed to oversee the evaluation of strategic alternatives, with Bruce Taten serving as a Special Advisor [4]. Management's Commitment - The CEO, Bill Waltz, will remain in his position through the conclusion of the strategic review, emphasizing the commitment to strengthen the business and improve the cost structure [2][4]. Irenic Capital Management's Role - Irenic Capital Management expresses confidence in Atkore's potential to unlock significant value and supports the Board's collaborative approach to value creation [6]. Advisory Team - Citi is the lead financial advisor, with J.P. Morgan Securities LLC also serving as a financial advisor, while Debevoise & Plimpton LLP provides legal advice [7].
Custom Truck One Source to Participate in the BofA Securities 2025 Leveraged Finance Conference
Businesswire· 2025-11-19 21:10
Core Insights - Custom Truck One Source, Inc. will participate in the BofA Securities 2025 Leveraged Finance Conference, with CEO Ryan McMonagle and CFO Chris Eperjesy attending [1][2] - The presentation will include a fireside chat and a Q&A session, scheduled for December 2, 2025, at 11:30 a.m. ET [2] - The company is a leading provider of specialty equipment and services for electric utility, telecommunications, and rail markets in North America, operating a rental fleet of over 10,350 units [3] Company Overview - Custom Truck One Source operates a "one-stop-shop" business model, offering equipment for maintenance, repair, and installation of critical infrastructure assets [3] - The company serves a diverse customer base across various sectors, including electric utility, telecom, rail, forestry, and waste management [6] - The company emphasizes innovation and customer-focused solutions, as demonstrated by their recent equipment showcase at Utility Expo 2025 [8]
Helios Technologies Promotes Jeremy Evans to Chief Financial Officer
Businesswire· 2025-11-17 21:15
Core Viewpoint - Helios Technologies has appointed Jeremy Evans as the new Chief Financial Officer, succeeding Michael Connaway, effective immediately. This change is part of the company's strategy to enhance leadership and operational efficiency as it returns to year-over-year growth [2][3][4]. Company Leadership - Jeremy Evans has been with Helios for nearly two years and has demonstrated strong leadership and collaboration skills. He has played a significant role in strategic planning and has provided interim leadership across critical financial functions [3][4]. - Prior to his promotion, Evans served as Chief Accounting Officer and has over 25 years of experience in operational and financial management, including a role at Tech Data [3]. Company Strategy and Performance - Helios Technologies is focused on executing its strategy to improve operational efficiencies, strengthen working capital discipline, and optimize its portfolio to maximize returns on investments [4]. - The company is experiencing a return to year-over-year growth, reporting a 13% increase in sales in the third quarter of 2025 as demand continues to improve [4][11]. Company Overview - Helios Technologies is a global leader in motion control and electronic controls technology, serving diverse markets such as construction, agriculture, and energy. The company has a presence in over 90 countries and has consistently paid dividends since going public in 1997 [5].
Trane Technologies to Present at the Baird Global Industrials Conference
Businesswire· 2025-11-07 11:30
Core Insights - Trane Technologies will participate in the Baird Global Industrials Conference on November 12, 2025, at 11:25 a.m. CT [1] - The live webcast of the conference will be available on the Trane Technologies website, with an archive accessible for 30 days post-event [2] - Trane Technologies is recognized as a global climate innovator, offering sustainable climate solutions through its brands Trane® and Thermo King® [3] Financial Performance - For Q3 2025, Trane Technologies reported diluted earnings per share (EPS) of $3.82, with adjusted continuing EPS at $3.88, reflecting a 15% increase year-over-year [6] - Bookings for Q3 2025 reached $5,979 million, up 15% from $5,213 million in Q3 2024, while net revenues increased by 6% to $5,743 million [6] Product Innovation - Trane Technologies launched the industry's first comprehensive thermal management system reference design for NVIDIA's gigawatt-scale AI data centers, setting new performance and scalability standards [7]
HNI Corporation Announces Quarterly Dividend
Businesswire· 2025-11-05 23:09
Core Points - HNI Corporation announced a quarterly dividend of 34 cents per share on its common stock, payable on December 1, 2025, to shareholders of record as of November 17, 2025 [1][7]. Company Overview - HNI Corporation has been in operation for over 75 years, focusing on improving living and working environments [2]. - The company operates under two segments: Workplace Furnishings, which is a leading global designer and provider of commercial furnishings, and Residential Building Products, which is the nation's leading manufacturer and marketer of hearth products [2].
Ralliant Reports Third Quarter 2025 Results
Businesswire· 2025-11-05 22:16
Core Insights - Ralliant Corporation reported third quarter 2025 results with revenue of $529 million, flat year-over-year and up 5% sequentially, while net earnings were $40 million, leading to an EPS of $0.35 and adjusted EPS of $0.60 [2][4][12] Financial Performance - The net earnings margin was 7.5%, a decline of 960 basis points year-over-year, and the adjusted EBITDA margin was 20.4%, down 610 basis points year-over-year [3] - The company generated $139 million in cash flow from operating activities, with free cash flow of $127 million, compared to $138 million and $132 million respectively in the third quarter of 2024 [8] Segment Performance - In the Sensors & Safety Systems segment, robust demand in Utilities and Defense & Space led to double-digit revenue growth, driven by investments in power grid modernization and defense programs [5] - The Test & Measurement segment saw sequential revenue growth, particularly in the Communications and Semiconductor markets, with operating margin improvements of 660 basis points [6] Strategic Initiatives - The company executed its strategic pillars effectively, focusing on RBS Everywhere, Stronghold Positions, and Winning Growth Vectors, which contributed to performance and value creation [4] - Ralliant plans to deliver $9-$11 million in annualized cost savings by the end of 2026 as part of its Cost Savings Program [12] Capital Allocation - The Board of Directors declared a quarterly cash dividend of $0.05 per share, with a total of $200 million authorized for share repurchases, reflecting the company's commitment to return capital to shareholders [10][11]