CALGARY, Alberta, Oct. 01, 2025 (GLOBE NEWSWIRE) -- Black Diamond Group Limited (“Black Diamond” or the "Company”) (TSX: BDI, OTCQX:BDIMF), a leading provider of space rental and workforce accommodation solutions, today announces the timing of its 2025 third quarter earnings release and conference call/webcast. Black Diamond intends to release its 2025 third quarter results after markets close on Thursday, October 30, 2025, and hold a conference call and webcast at 9:00 a.m. MT (11:00 a.m. ET) on Friday, Oc ...

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Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company has a team of experienced and qualified news journalists who produce independent content [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The news team delivers insights across various sectors including biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is recognized for its forward-looking approach and enthusiastic adoption of technology to enhance workflows [4] - The company utilizes automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans [5]

Core Insights - Hertz Global reported a significant operational turnaround, achieving positive Adjusted Corporate EBITDA for the first time in nearly two years, with results surpassing consensus expectations [1][5][6] - Despite improvements, the company remains overall loss-making, with GAAP revenue declining year-over-year [1][6] Financial Performance - Non-GAAP loss per share was $0.34, better than the estimated loss of $0.41, while GAAP revenue was $2,185 million, exceeding analyst estimates of $2,156.98 million but down 7.1% from $2,353 million in Q2 2024 [1][2] - Adjusted Corporate EBITDA was $1 million, a significant improvement from a loss of $460 million in the previous year [2][6] - Net loss (GAAP) narrowed from $865 million in Q2 2024 to $294 million in Q2 2025, with adjusted net loss shrinking 76% year-over-year [6] Operational Highlights - Vehicle utilization increased to 83%, up 3 percentage points from the prior year, despite a 6% drop in fleet size [2][8] - Depreciation per unit per month decreased by 57.8% to $251, well below the target of $300, supported by a younger fleet [2][7] - Direct operating expenses fell 3% year-over-year, and customer satisfaction improved, as indicated by an 11-point rise in the Net Promoter Score [9] Strategic Focus - The company is concentrating on fleet management, cost discipline, and technological upgrades, including partnerships with ride-share services and investments in digital tools [4][10] - Management plans to maintain tight fleet levels while focusing on improving utilization and margins rather than expanding volume [12] Future Outlook - Management anticipates a "sizable profit" and positive net income in the next quarter, with a target of achieving positive EBITDA over $1 billion by fiscal 2027 [12][13] - The company has secured vehicle purchases at pre-tariff prices, mitigating risks from rising vehicle costs [12]

Financial Data and Key Metrics Changes - Total revenues increased by 11% to $235.6 million and adjusted EBITDA increased by 3% to $86.5 million [17] - Adjusted EBITDA for Mobile Modular decreased by 1% to $53.1 million despite revenue growth [17] - Average fleet utilization decreased to 73.7% from 78.4% a year earlier [18] - Interest expense decreased by $5.2 million to $7.8 million due to lower average interest rates and debt levels [22] Business Line Data and Key Metrics Changes - Mobile Modular total revenues increased by 8% to $156 million, with rental revenues up by 5% and sales revenues up by 13% [17] - Portable Storage rental revenues decreased by 5% year over year but improved by 5% sequentially from the first quarter [8][20] - TRS RenTelco rental revenues grew by 7%, with average utilization improving to 64.8% from 56.5% a year ago [21] Market Data and Key Metrics Changes - The Architecture Billings Index (ABI) showed ongoing softness, but quote activity remained healthy [6] - Construction backlogs grew slightly in June, indicating improved activity levels [12] Company Strategy and Development Direction - The company is focused on expanding its modular solutions capabilities and geographic presence [13] - Two tuck-in acquisitions were completed to support modular growth strategy [11] - The company aims to enhance capabilities for larger and more complex modular building rentals and sales [14] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about economic conditions improving in the next two quarters [15] - The uncertain market conditions earlier in the year have not deteriorated significantly, with slight improvements observed [12] - The company upwardly adjusted its full-year financial outlook, expecting total revenue between $925 million and $960 million [23] Other Important Information - The company is investing in technology upgrades and strategic hiring to support long-term growth [72] - The benefit to free cash flow from new federal tax legislation is estimated to be between $10 million and $15 million [42] Q&A Session Summary Question: Can you provide more detail on the balance of third and fourth quarter EBITDA? - The company expects adjusted EBITDA to be broadly similar in Q3 and Q4, with a more balanced contribution of sales gross profit [28] Question: What is the visibility on the Mobile Modular segment? - Visibility is somewhat fluid due to current demand environment, with ongoing assessments of the pipeline [29] Question: How is the education business expected to perform this year? - The education business is expected to finish the year strong, with good order volume [31] Question: What factors could affect the current guidance range? - Sales activity can significantly impact the guidance, with a cautious approach taken for the second half of the year [35] Question: What is the impact of new federal tax legislation on free cash flow? - The estimated benefit to free cash flow is between $10 million and $15 million, though not a massive impact [42] Question: Can you provide an update on the pricing gap between current spot rates and existing rates? - The gap remains around 39% lower for existing rates compared to new shipments, with spot rates generally stable [47] Question: What is the outlook for portable storage demand? - There are encouraging signs of improvement, with increased quote volumes and unit shipments [48] Question: Can you discuss the geographical focus of new sales hires? - New hires are aimed at increasing geographic coverage and supporting both commercial and education business [52] Question: How is Enviroplex performing? - Enviroplex is performing well, with strong growth and improved margins, contributing positively to the overall performance [61]

Core Insights - Cintas reported revenue of $2.67 billion for the quarter ended May 2025, reflecting an 8% increase year-over-year and a surprise of +1.57% over the Zacks Consensus Estimate of $2.63 billion [1] - Earnings per share (EPS) for the quarter was $1.09, up from $1.00 in the same quarter last year, with an EPS surprise of +1.87% compared to the consensus estimate of $1.07 [1] Revenue Breakdown - Revenue from Uniform Rental and Facility Services was $2.03 billion, slightly above the average estimate of $2.02 billion, representing a +6.3% year-over-year change [4] - Revenue from Other services reached $636.97 million, exceeding the estimated $602.77 million, marking a +13.8% increase compared to the previous year [4] - Revenue from All Other services was $312.58 million, surpassing the average estimate of $296.5 million, with a +10.8% year-over-year change [4] - Revenue from First Aid and Safety Services was $324.4 million, above the estimated $307.63 million, reflecting a +16.8% increase year-over-year [4] Operating Income Insights - Operating income for Uniform Rental and Facility Services was $465.11 million, slightly below the estimated $472.32 million [4] - Operating income for First Aid and Safety Services was $76.68 million, exceeding the average estimate of $71.85 million [4] - Operating income for All Other services was $55.66 million, above the estimated $52.88 million [4] Stock Performance - Cintas shares have returned -2.9% over the past month, contrasting with the Zacks S&P 500 composite's +4.2% change [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [3]

Core Viewpoint - Black Diamond Group Limited is set to release its 2025 second quarter earnings on August 7, 2025, followed by a conference call on August 8, 2025, where the CEO and CFO will discuss the financial results and answer questions from analysts and investors [1][2]. Company Overview - Black Diamond is a specialty rentals and industrial services company operating in Canada, the United States, and Australia, with two main business units: Modular Space Solutions (MSS) and Workforce Solutions (WFS) [4]. - MSS operates through brands such as BOXX Modular, CLM, MPA Systems, and Schiavi, offering a large rental fleet of modular buildings to various sectors including construction, industrial, education, financial, and government [5]. - WFS provides a rental fleet of modular accommodation assets and includes LodgeLink, a digital marketplace for crew accommodation and travel logistics, addressing the unique challenges of crew travel through technology [6][7]. Conference Call Details - The conference call can be accessed via telephone or webcast, with specific dial-in numbers provided for both toll-free and international callers [3]. - A replay of the conference call will be available on the company's website in the Investor Centre section [3]. Additional Information - For further inquiries, investors and media can contact Emma Covenden at the provided phone number or email [9]. - More information about the company can be found on its official website [8].

Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against Avis Budget Group, Inc. due to a class action complaint alleging breaches of fiduciary duties by the board of directors [1][2]. Summary by Relevant Sections Lawsuit Allegations - The lawsuit claims that Avis Budget made materially false and misleading statements and failed to disclose adverse information regarding its business and operations [2]. - Specific allegations include: - Avis Budget implemented a plan to significantly accelerate fleet rotation in Q4 2024 [2]. - This acceleration shortened the useful life of most vehicles in the Americas segment, reducing their recoverable value [2]. - As a result, Avis Budget would need to recognize billions of dollars in impairment charges and incur substantial losses [2]. - The aforementioned actions had a significant negative impact on the company's financial results [2]. - Consequently, Avis Budget's financial and business prospects were overstated [2]. Contact Information - Long-term stockholders of Avis who have information or questions regarding the claims can contact Bragar Eagel & Squire, P.C. via email or phone [3][6].

Core Viewpoint - A class action lawsuit has been initiated against Avis Budget Group, Inc. for alleged violations of securities laws, with a final deadline for investors to join the case set for June 24, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit pertains to securities purchased between February 16, 2024, and February 10, 2025, during which the company allegedly made false and misleading statements regarding its fleet management strategy [2][4]. - Avis Budget's plan to accelerate its fleet rotation in Q4 2024 is claimed to have shortened the useful life of its vehicles, leading to significant impairment charges and losses [4]. Group 2: Investor Actions - Investors who suffered losses are encouraged to contact the Schall Law Firm to discuss their rights and potentially participate in the class action [2][3]. - The class has not yet been certified, meaning that until certification occurs, investors are not represented by an attorney [3].