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LKQ Corporation Appoints Automotive Industry Leader John Mendel as Chairman of the Board
Globenewswire· 2025-08-21 21:00
Guhan Subramanian Retires as Chairman and Intends to Retire from the Board on January 1, 2026ANTIOCH, Tenn., Aug. 21, 2025 (GLOBE NEWSWIRE) -- LKQ Corporation (Nasdaq: LKQ) (“LKQ” or the “Company”) today announced that John Mendel has been elected as Chairman of the Board of Directors (the “Board”), effective immediately. This follows Guhan Subramanian’s decision to step down as Chairman this month and to retire from the Board on January 1, 2026. Mr. Subramanian has agreed to remain on the Board for the dur ...
Inspired Entertainment Names Aimee Remey as Vice President of Investor Relations
GlobeNewswire News Room· 2025-08-05 20:30
Core Insights - Inspired Entertainment, Inc. has appointed Aimee Remey as Vice President of Investor Relations to enhance engagement with the investment community and support business growth [1][2][3] Group 1: Company Overview - Inspired Entertainment is a leading B2B provider of gaming content, technology, hardware, and services, operating in approximately 35 jurisdictions worldwide [4] - The company supplies gaming systems and associated terminals for around 50,000 gaming machines and offers virtual sports products through over 32,000 retail venues [4] - Inspired's portfolio includes digital games for more than 170 websites and amusement entertainment solutions with over 16,000 installed terminals [4] Group 2: Leadership and Strategy - Aimee Remey brings over two decades of experience in the gaming industry and previously served as Vice President of US Investor Relations at Entain Group [2][3] - Remey's appointment is part of Inspired's strategy to scale its business and deepen relationships with the financial community [3] - The leadership team, including President and CEO Brooks Pierce, expresses confidence in Remey's qualifications and her understanding of the company's strategy [3]
LKQ Corporation to Release Second Quarter 2025 Results on Thursday, July 24, 2025
Globenewswire· 2025-06-26 14:00
Core Points - LKQ Corporation will release its second quarter 2025 financial results on July 24, 2025 [1] - A conference call and webcast will be held on the same day at 8:00 a.m. Eastern Time to discuss the results [2] - The company provides a range of alternative and specialty parts for automobiles and has operations in North America, Europe, and Taiwan [5] Conference Call Details - The conference call can be accessed by dialing (833) 470-1428 for domestic calls and (404) 975-4839 for international calls, with a conference ID of 409932 [2] - A replay of the conference call will be available by telephone and online, accessible through July 31, 2025 [4] Company Overview - LKQ Corporation is a leading provider of OE recycled and aftermarket parts, offering services to repair and accessorize various types of vehicles [5]
Minerals Technologies Inc. Announces Second Quarter 2025 Conference Call on July 25, 2025
Globenewswire· 2025-06-26 14:00
Core Points - Minerals Technologies Inc. (MTI) will release its second quarter results for the period ending June 29, 2025, on July 24, 2025, after market close [1] - A conference call to discuss the results will be held on July 25, 2025, at 11 a.m. Eastern Time [1] - The company reported global sales of $2.1 billion in 2024, indicating a strong market presence [4] Company Overview - Minerals Technologies Inc. is a technology-driven specialty minerals company based in New York [4] - The company develops, produces, and markets a wide range of mineral and mineral-based products, serving various consumer and industrial markets [4] - Key markets include household, food and pharmaceutical, paper, packaging, automotive, construction, and environmental sectors [4]
2 Reasons Adobe Stock Is Ready to Rally This Year
MarketBeat· 2025-06-16 12:29
Core Viewpoint - Adobe is positioned for potential gains in the second half of 2025 due to its rebound from a low trading range, traction in AI, robust cash flow generation, and aggressive share repurchases [1][2]. Financial Performance - Adobe's Q2 report shows a 10.5% year-over-year revenue increase, surpassing consensus expectations, with Digital Media segment growing by 11% and annual recurring revenue (ARR) rising by 12% [2][3]. - Digital Experience segment also performed well, with a 10% revenue increase driven by an 11% rise in subscriptions [3]. - The company reported $2.67 billion in adjusted operating income, $2.17 billion in adjusted net income, and $2.19 billion in cash flow, achieving a 37% cash flow margin [4]. Cash Flow and Capital Returns - Cash flow is crucial for Adobe, allowing for reinvestment and aggressive capital returns, primarily through share buybacks, which reduced share count by an average of 4.9% in fiscal Q2 2025 [5]. - The company expects to maintain robust cash flow, rebuilding its balance sheet by year-end while sustaining capital plans [9]. Guidance and Market Sentiment - Adobe raised its guidance for Q3 and the full year, indicating continued momentum, with a 12-month stock price forecast of $494.67, representing a 26.29% upside [6]. - Analysts' responses to the guidance have been mixed, with some price target reductions offset by increases, suggesting a narrowing consensus around the stock's potential [7]. Stock Price Action - Following the Q2 results, Adobe's stock price experienced a 5% decline in premarket trading, presenting a potential buying opportunity [10]. - Institutional investors own over 80% of Adobe's stock and have been net buyers this year, indicating strong market interest [11].
Buy Or Sell Ciena Stock Ahead Of Its Upcoming Earnings?
Forbes· 2025-06-04 08:05
Core Insights - Ciena Corporation is expected to report earnings on June 5, 2025, with analysts predicting earnings of $0.52 per share and revenues of $1.09 billion, marking an increase from the previous year's earnings of $0.27 per share and revenues of $911 million [2] - Historically, Ciena's stock has shown a tendency for negative one-day returns post-earnings announcements, with a 55% occurrence of negative returns and a median drop of -4.2% [1][5] - The company has a market capitalization of $11 billion and generated $4.0 billion in revenue over the past twelve months, achieving operational profitability with $184 million in operating profits and a net income of $79 million [2] Earnings Reaction History - Over the past five years, Ciena has recorded 20 earnings data points, with 9 positive and 11 negative one-day returns, resulting in positive returns approximately 45% of the time [5] - The median of the positive returns is 7.3%, while the median of the negative returns is -4.2% [5] - The percentage of positive one-day returns increases to 55% when analyzing data from the last three years [5] Correlation and Positioning Strategies - Understanding the correlation between short-term and medium-term returns can inform trading strategies, particularly if 1D and 5D returns show strong correlation [3][4] - Pre-earnings positioning involves evaluating historical probabilities to establish a position before the earnings announcement, while post-earnings positioning examines the relationship between immediate and medium-term returns to adjust positions as necessary [4] - The performance of peers can influence Ciena's post-earnings reaction, with pricing potentially starting before the earnings announcement [6]
Johnson Fistel Investigates Quantum Computing: Long-Term Investors Encouraged to Reach Out
GlobeNewswire News Room· 2025-06-03 19:56
Core Viewpoint - Johnson Fistel, PLLP is investigating potential breaches of fiduciary duties by directors and officers of Quantum Computing Inc. (QCI), focusing on their obligations to shareholders [1]. Group 1: Legal Investigation - A class action complaint has been filed against QCI, alleging that the defendants made false and misleading statements regarding the company's quantum computing technologies and relationships with NASA [3]. - The complaint claims that QCI overstated its technological capabilities, the nature of its contracts with NASA, and its progress in developing a TFLN foundry [3]. - It is alleged that QCI's revenues were partially based on undisclosed related party transactions, which could significantly harm the company's business and reputation once revealed [3]. Group 2: Shareholder Rights - Current long-term QCI shareholders may have legal claims that can be brought against the company's directors and officers [2]. - Shareholders interested in discussing their legal rights are encouraged to contact the lead analyst at Johnson Fistel [2].
LKQ Publishes 2024 Global Sustainability Report
GlobeNewswire News Room· 2025-05-28 12:35
Core Insights - LKQ Corporation released its 2024 Sustainability Report, highlighting its commitment to driving success as a leading operator while supporting the global circular economy [1][2] - The company emphasizes a three-pillar strategy focused on sustainable solutions, people-led performance, and strong governance to manage risks and capitalize on opportunities [2][3] Company Achievements - In 2024, LKQ processed 735,000 vehicles and sold nearly 12 million salvaged parts, contributing significantly to the circular economy [5] - The company reduced Scope 1 and Scope 2 greenhouse gas emissions by 16% relative to revenue compared to a 2022 baseline, achieved through renewable energy use and energy efficiency upgrades [5] - LKQ donated over $4 million through its Community Foundation to various charitable causes, enhancing its community engagement and stakeholder relationships [5]
Share Buyback Transaction Details May 15 – May 21, 2025
Globenewswire· 2025-05-22 08:00
Core Insights - Wolters Kluwer has repurchased 211,173 ordinary shares for €33.7 million at an average price of €159.50 from May 15 to May 21, 2025, as part of a larger buyback program aimed at repurchasing up to €1 billion in shares during 2025 [2][3]. Share Buyback Program Details - The cumulative shares repurchased in 2025 to date amount to 2,298,595, with a total consideration of €355.9 million and an average share price of €154.85 [3]. - For the period from May 8, 2025, to July 28, 2025, the company has engaged third parties to execute €350 million of buybacks [3]. Treasury Shares and Capital Reduction - Shares repurchased will be held as treasury shares and are intended for capital reduction through share cancellation [4]. Company Overview - Wolters Kluwer reported annual revenues of €5.9 billion for 2024 and operates in over 180 countries with approximately 21,600 employees [6]. - The company is headquartered in Alphen aan den Rijn, Netherlands, and is a leader in information solutions and software for various professional sectors [5].
2025 Annual General Meeting of Shareholders adopts all resolutions
Globenewswire· 2025-05-15 09:40
Core Points - Wolters Kluwer's Annual General Meeting of Shareholders (AGM) adopted all proposed resolutions [1] - Ms. Stacey Caywood was appointed as a new member of the Executive Board and is set to become CEO in February 2026 [2] - The AGM approved the 2024 Financial Statements and a total dividend of €2.33 per ordinary share, with a final dividend of €1.50 payable in June 2025 [3] - The Remuneration Report for 2024 was approved, along with an updated Executive Board remuneration policy [4] - KPMG was appointed as the external auditor for sustainability statements for the financial years 2025-2028 [5] - Shareholders represented 76.69% of the total issued share capital entitled to vote at the AGM [6] Company Overview - Wolters Kluwer reported annual revenues of €5.9 billion for 2024 and operates in over 40 countries, employing approximately 21,900 people [7]