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Suburban Propane Named Title Sponsor of "Track to Table" at Sonoma Raceway Benefiting Speedway Children's Charities
Prnewswire· 2025-07-11 16:00
Company Overview - Suburban Propane Partners, L.P. is a publicly traded master limited partnership listed on the NYSE, headquartered in Whippany, New Jersey, and has been in the customer service business since 1928 [5] - The company distributes propane, renewable propane, renewable natural gas, fuel oil, and related products and services, and also markets natural gas and electricity, servicing approximately 1 million customers across 700 locations in 42 states [5] Community Engagement - Suburban Propane is the main sponsor of the Track to Table event, which merges NASCAR with fine dining and charitable giving, benefiting Speedway Children's Charities Sonoma [1][2] - The company emphasizes its commitment to community-focused initiatives through its SuburbanCares platform, aiming to support local organizations and programs that impact children and families in need [3][6] Event Highlights - The Track to Table event features a culinary experience with wine pairings from local wineries and an acoustic performance by country music artist Tim Dugger, along with a live charity auction [4] - The event is designed to celebrate the food and wine of Sonoma while supporting vulnerable children and families [4] Corporate Values - Suburban Propane operates under three core pillars: Suburban Commitment, SuburbanCares, and Go Green with Suburban Propane, focusing on customer service excellence, community support, and promoting renewable energy alternatives [6]
Revolution Medicines and Iambic Announce Technology and Research Collaboration Using Iambic's AI Discovery Tools to Pursue New Drug Candidates
Globenewswire· 2025-07-09 12:00
REDWOOD CITY, Calif. and SAN DIEGO, July 09, 2025 (GLOBE NEWSWIRE) -- Revolution Medicines, Inc. (Nasdaq: RVMD), a late-stage clinical oncology company developing targeted therapies for patients with RAS-addicted cancers, and Iambic Therapeutics, a clinical-stage life science and technology company developing novel medicines using its AI-driven discovery and development platform, today announced a technology and research collaboration to pursue novel drug candidates using Iambic's leading AI models. In this ...
Fourth of July barbeque prices have risen since Trump imposed tariffs, congressional analysis says
CNBC· 2025-07-03 13:00
Core Insights - Americans are expected to spend more on common barbeque items this Fourth of July due to rising prices of products like beer, outdoor folding chairs, and grill tools [1] Price Increases - The total cost of a typical grocery trip for a cookout has increased by 12.7% annually since President Trump's tariff announcement in April [2] - A six-pack of bottled lite domestic beer has seen price increases of over 13% since April [3] - Imported beers have also experienced price hikes, with Peroni Nastro Azzurro increasing by 10.5% and Modelo Especial by 9.5% [3] Tariff Impact - In April, tariffs of 25% were announced on beer imports and empty aluminum cans, with an increase to 50% on imported aluminum in June [4] - Higher aluminum costs have negatively impacted margins for some beer brands, including Constellation Brands [4] Cookout Gear Price Changes - Prices for cookout gear have also risen, with a Coleman foldable camping chair increasing by 47.7% and a 25-piece griddle accessories kit by 17.7% since April [5] - Other products have seen more modest price increases, such as Banana Boat sunscreen (8.1%), Reynolds Wrap aluminum foil (6.9%), Weber propane grill (5%), and disposable plates and utensils (3.3%) [5] Overall Barbeque Costs - A separate report indicated that the cost of a 10-person barbeque has risen by 4.2% this year, reaching $100 for the first time, largely due to higher beef prices [6]
Main Street Announces Follow-On Portfolio Investment
Prnewswire· 2025-07-02 11:00
Company Overview - Flame King Holdings, LLC is a leading supplier of propane storage solutions and accessories, founded in 1998 and headquartered in Commerce, California [2] - The company serves a diverse customer base, including retailers, propane tank exchangers, RV OEMs, and eCommerce platforms, catering to recreational, commercial, and industrial customers [2] - Flame King offers a complete line of steel and aluminum propane cylinders, with sizes ranging from 1 lb. to 420 lbs., designed for various residential, recreational, and industrial applications [2] Investment Details - Main Street Capital Corporation has completed a follow-on portfolio investment of $66.0 million to facilitate the minority recapitalization of Flame King [1] - The investment consists of first-lien, senior secured term debt and includes a revolving line of credit to support Flame King's growth initiatives and working capital needs [1] - Main Street initially invested in Flame King in October 2021, indicating a continued commitment to the company's growth [1] Main Street Capital Corporation Overview - Main Street Capital Corporation is a principal investment firm that provides customized long-term debt and equity capital solutions primarily to lower middle market companies [3] - The firm typically invests in management buyouts, recapitalizations, growth financings, refinancings, and acquisitions across diverse industry sectors [3] - Main Street's lower middle market portfolio companies generally have annual revenues between $10 million and $150 million, while its private loan portfolio companies have annual revenues between $25 million and $500 million [3]
Worthington Enterprises Reports Fourth Quarter Fiscal 2025 Results
Globenewswire· 2025-06-24 20:10
Core Insights - Worthington Enterprises Inc. reported strong fourth quarter results for fiscal 2025, showing year-over-year and sequential growth in adjusted EBITDA, adjusted EPS, and free cash flow, driven by effective cost management and execution in its Consumer and Building Products segments [3][4][6]. Financial Performance - Net sales for Q4 2025 were $317.9 million, a slight decrease of 0.3% compared to Q4 2024, primarily due to the deconsolidation of the Sustainable Energy Solutions segment [5][6][8]. - The operating loss improved to $30.4 million from $56.1 million in the prior year, with adjusted operating income rising to $21.8 million, an increase of $16.0 million [5][9]. - Net earnings from continuing operations increased by 111% to $3.6 million, with adjusted EBITDA growing 35% to $85.1 million [6][9]. - Earnings per share from continuing operations improved from a loss of $(0.64) to a profit of $0.08, while adjusted EPS rose from $0.74 to $1.06 [6][28]. Cash Flow and Capital Management - Operating cash flow increased by 38% to $62.4 million, and free cash flow rose by 46% to $49.3 million [6][12]. - The company repurchased 200,000 shares for $9.8 million and declared a quarterly dividend of $0.19 per share, a 12% increase from the previous quarter [6][12]. Segment Performance - Consumer Products segment generated net sales of $125.6 million, remaining flat year-over-year, while adjusted EBITDA increased by $3.7 million to $20.8 million [14]. - Building Products segment saw net sales rise by 25.2% to $192.3 million, with adjusted EBITDA increasing by $19.6 million to $71.3 million, driven by higher volumes and contributions from the Ragasco acquisition [15][18]. Strategic Developments - The acquisition of Elgen Manufacturing for approximately $93 million was completed on June 19, 2025, aligning with the company's growth strategy in niche markets [6][16]. - The company expressed confidence in its ability to drive sustainable growth and long-term value heading into fiscal 2026 [16].
UGI's AmeriGas Propane to Divest Hawaii Assets by Fiscal Q4 2025
ZACKS· 2025-06-23 14:15
Key Takeaways UGI's AmeriGas is selling Hawaii propane assets to Isle Gas, with closing expected in Q4 fiscal 2025. The deal includes 750,000 gallons of storage and a delivery fleet, with proceeds used to reduce debt. UGI aims to boost efficiency and fund growth by exiting non-core markets and cutting long-term costs.UGI Corporation (UGI) announced that its subsidiary, AmeriGas Propane, L.P. (AmeriGas), has entered into a definitive agreement to divest some of its assets in Hawaii to Isle Gas, a wholly ow ...
Worthington Enterprises Acquires Elgen Manufacturing; Expands Building Systems and Components Portfolio
Globenewswire· 2025-06-19 17:00
Core Viewpoint - Worthington Enterprises has acquired Elgen Manufacturing for approximately $93 million, enhancing its position in the HVAC market and aligning with its strategy to build leadership in niche markets [1][4]. Company Overview - Worthington Enterprises is a designer and manufacturer of brands that improve everyday life, operating primarily in two segments: Building Products and Consumer Products [5][6]. - The Building Products segment includes solutions for heating, cooling, construction, and water applications, while the Consumer Products segment covers tools and outdoor living [5]. Acquisition Details - Elgen Manufacturing, based in Closter, New Jersey, specializes in HVAC parts and components, generating net sales of $114.9 million and EBITDA of $13.3 million for the trailing 12 months ended April 30, 2025 [4]. - The acquisition is expected to create synergies and growth opportunities by leveraging Worthington's manufacturing expertise and distribution model [2][3]. Strategic Fit - The acquisition aligns with Worthington's strategy to acquire businesses with strong market positions, as Elgen's manufacturing processes and sales strategies complement those of Worthington [2][3]. - Elgen's products are used in commercial buildings, and its sales strategy focuses on direct sales to contractors and partnerships with distributors, enhancing customer service and lead times [2]. Leadership and Integration - Elgen's leadership team, including CEO David Young, will remain with the company, ensuring continuity and commitment to customer service and innovation [3].
Here's Why UGI (UGI) is a Strong Momentum Stock
ZACKS· 2025-06-17 14:50
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.Zacks Premium also includes the Zacks Style Scores. What are ...
Here's Why UGI (UGI) is a Strong Value Stock
ZACKS· 2025-06-16 14:45
Group 1 - Zacks Premium provides various tools for investors to enhance their stock market strategies, including daily updates, research reports, and stock screens [1] - The Zacks Style Scores are designed to help investors select stocks with the highest potential to outperform the market within a 30-day timeframe, rated from A to F based on value, growth, and momentum [2][9] - The Value Score focuses on identifying undervalued stocks using financial ratios such as P/E, PEG, and Price/Sales [3] - The Growth Score evaluates a company's future prospects through projected and historical earnings, sales, and cash flow [4] - The Momentum Score identifies optimal times to invest based on price trends and earnings estimate changes [5] - The VGM Score combines all three Style Scores, providing a comprehensive indicator for stock selection [6] Group 2 - The Zacks Rank is a proprietary model that leverages earnings estimate revisions to assist investors in building successful portfolios [7] - Stocks rated 1 (Strong Buy) have historically achieved an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [8] - To maximize returns, investors should focus on stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B [9][10] Group 3 - UGI Corporation is a holding company involved in the distribution, storage, transportation, and marketing of energy products, serving over 2.6 million customers [11] - UGI holds a Zacks Rank of 2 (Buy) and has a VGM Score of A, indicating strong investment potential [12] - The company has a forward P/E ratio of 11.56, making it attractive to value investors, and has seen upward revisions in earnings estimates [12][13]
高盛:石油追踪_需求担忧缓解与供应紧张信号混杂下的价格回升
Goldman Sachs· 2025-06-11 02:16
9 June 2025 | 9:44PM EDT Oil Tracker: Price Recovery Amid Easing Demand Concerns and Mixed Tightness Signals Brent prices rose by $3 to $67/bbl over the past 10 days on: 1) fading demand fears, 2) downside risks to North American supply, and 3) geopolitical tensions between Russia-Ukraine and Israel-Iran. Prices rose despite mixed signals about physical tightness—including rising inventories—and about OPEC+ supply. The US May jobs report and ISM surveys suggest the economy is slowing slightly. However, mark ...