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High Arctic Overseas Issues Clarifying News Release
Globenewswire· 2025-07-05 05:45
Group 1 - High Arctic Overseas Holdings Corp. has clarified the qualifications of its Chief Financial Officer, Matthew Cocks, who became a Chartered Accountant in 2010 but is not currently a member of the Institute of Chartered Accountants Australia & New Zealand [1] - The appointment of Mr. Cocks as CFO has been accepted by the TSX Venture Exchange [2] - High Arctic Overseas is a market leader in Papua New Guinea, providing drilling and specialized well completion services, manpower solutions, and rental equipment [3]
High Arctic Overseas Announces Executive Appointment
Globenewswire· 2025-06-23 12:11
Company Overview - High Arctic Overseas Holdings Corp. has appointed Matthew Cocks as Chief Financial Officer effective June 24, 2025, pending TSX Venture Exchange approval [1] - The company specializes in drilling and specialized well completion services, manpower solutions, and rental equipment in Papua New Guinea [5] Leadership Background - Matthew Cocks joined the company in October 2023 as VP-Finance, focusing on financial leadership and strengthening finance and accounting processes [2] - Cocks has over 20 years of experience in financial leadership roles across various sectors, including resources, construction, manufacturing, and logistics [3] - The CEO, Mike Maguire, expressed confidence in Cocks' expertise, particularly in international markets and extractive industries, which will aid in diversifying and expanding the PNG business [4] Transition of Roles - Lonn Bate served as Interim CFO since the spin-out and will now concentrate on his role as CFO of High Arctic Energy Services Inc. [4]
The Human Takes Center Stage as Worker Confidence Rises in the Age of AI: ManpowerGroup at VivaTech 2025
Prnewswire· 2025-06-09 14:03
New global research reveals why the most AI-forward companies are also doubling down on human potential—investing in people, not just technology.MILWAUKEE, Wis., June 9, 2025 /PRNewswire/ -- As artificial intelligence reshapes the world of work, ManpowerGroup returns to Viva Technology (VivaTech), taking place June 11–14 in Paris, with new global research that reveals a surprising truth: the companies investing most in technology are also investing most in people. ManpowerGroup returns to VivaTech, taki ...
Manpower Expands Educational Offerings with Nursing-Focused Degree, in Partnership with University of Phoenix, Paving the Path to Career Advancement for Healthcare Professionals
Prnewswire· 2025-05-08 15:31
Core Insights - Manpower is expanding its educational offerings by introducing bachelor's degree programs in Nursing and Education through its MyPath Program in collaboration with the University of Phoenix, aimed at providing accessible career advancement opportunities for healthcare professionals [1][3] Group 1: Educational Initiatives - The new full-tuition college programs allow eligible Manpower associates to pursue education at no cost, supporting career growth and enhancing job opportunities while increasing earning potential [2] - The initiative is designed to meet the growing demand for qualified healthcare professionals, thereby developing a more skilled and versatile workforce for Manpower's healthcare clients [2][4] Group 2: Industry Context - The launch of the Nursing Degree Program coincides with National Nurses Week, highlighting the increasing need for healthcare professionals and the importance of strengthening the industry's talent pipeline [3] - Manpower's recent acquisition of a franchise in Ann Arbor, Michigan, which has been successfully placing talent in healthcare roles for over 20 years, supports its expansion into healthcare staffing [3] Group 3: Commitment to Workforce Development - The partnership with the University of Phoenix not only focuses on healthcare management but also opens opportunities in high-demand fields such as Nursing and Health Administration, equipping individuals with necessary skills for a rapidly evolving job market [4]
High Arctic Overseas Announces 2024 Fourth Quarter Results
Globenewswire· 2025-04-30 06:12
Core Insights - High Arctic Overseas Holdings Corp. has reported its financial and operational results for the year ended December 31, 2024, highlighting a significant decrease in revenue and adjusted EBITDA due to low drilling activity and costs associated with the spin-out transaction [1][6][12] Financial Performance - For Q4 2024, revenue was $2,421 thousand, a decrease of $10,112 thousand or 81% compared to Q4 2023, which was $12,533 thousand [11][15] - Adjusted EBITDA for Q4 2024 was negative $482 thousand, a decrease of $3,418 thousand or 116% compared to Q4 2023, which was $2,936 thousand [11][15] - The net income for Q4 2024 was $1,806 thousand, compared to $1,907 thousand in Q4 2023 [11][15] - For the full year 2024, revenue totaled $24,075 thousand, a reduction of $19,305 thousand or 45% compared to 2023 [12][20] - The net income for 2024 was $2,857 thousand, compared to a net loss of $8,623 thousand in 2023 [12][20] Operational Highlights - The company has maintained a strong liquidity position with a working capital balance of $20.6 million, including a cash balance of $14.9 million and no debt [6][12] - Operating margins decreased from 32.2% in Q4 2023 to 28.6% in Q4 2024, attributed to reduced revenue-generating activities [6][11] - The company’s drilling rig 103 remained suspended, while rigs 115 and 116 were cold-stacked, although manpower services and rental services continued with other customers [6][12] Strategic Outlook - The company is positioned to participate in anticipated future drilling activity in Papua New Guinea (PNG), supported by recent LNG developments and environmental approvals for major projects [3][28] - The outlook for 2025 remains subdued, with expectations that equipment rental and manpower services will be the primary revenue-generating activities [26][27] - High Arctic continues to engage with principal customers for future drilling activity and is exploring business expansion opportunities in PNG [27][30]
Telos(TLS) - 2024 Q4 - Earnings Call Transcript
2025-03-10 14:32
Telos (TLS) Q4 2024 Earnings Call March 10, 2025 09:30 AM ET Company Participants Allison Phillipp - Director of Corporate CommunicationsMark Bendza - Executive VP & CFOJohn Wood - Chairman & CEO Conference Call Participants Zach Cummins - Senior Research AnalystRudy Kessinger - Managing Director - Senior Equity Research Analyst Operator Good day and thank you for standing by. Welcome to the TELUS Corporation Fourth Quarter twenty twenty four Financial Results Conference Call. At this time, all participants ...