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EUR 400 million share buyback completed
Globenewswire· 2025-12-16 07:00
Core Viewpoint - Aegon has successfully completed its share buyback program, totaling EUR 400 million, which reflects the company's commitment to returning value to shareholders [1][2]. Group 1: Share Buyback Program - The share buyback program commenced on July 1, 2025, with an initial allocation of EUR 200 million, which was later expanded by an additional EUR 200 million on August 25, 2025 [1][2]. - A total of 61,197,437 common shares were repurchased between July 1, 2025, and December 15, 2025, at an average price of EUR 6.4772 per share [2]. - The repurchased shares will be canceled in December 2025, further enhancing shareholder value [2]. Group 2: Company Overview - Aegon is an international financial services holding company focused on investment, protection, and retirement solutions [3][4]. - The company operates fully owned businesses in the United States and the United Kingdom, along with a global asset management division [3]. - Aegon aims to create value through partnerships in various countries, including insurance joint ventures in Spain, Portugal, China, and Brazil, as well as asset management partnerships in France and China [3].
Clearfield Announces Increase to Share Repurchase Program - Clearfield (NASDAQ:CLFD)
Benzinga· 2025-11-25 12:01
Core Viewpoint - Clearfield, Inc. has increased its share repurchase program from $65 million to $85 million, reflecting the Board's belief that the current share price does not fully represent the company's long-term potential [2]. Group 1: Share Repurchase Program - The Board of Directors has authorized an increase in the share buyback program, allowing for an additional $20 million in repurchases, bringing the total available for repurchase to approximately $28.4 million when combined with the remaining $8.4 million as of September 30, 2025 [2]. - The repurchase program will be executed through various methods, including open-market transactions and block trades, in accordance with relevant securities regulations [2][3]. - The program does not obligate Clearfield to repurchase a specific amount of stock during any period and will be funded by cash on hand [3]. Group 2: Company Overview - Clearfield, Inc. specializes in designing, manufacturing, and distributing fiber optic management, protection, and delivery products for communications networks [4]. - The company serves a diverse range of markets, including traditional and alternative carriers, cable TV companies, utilities, enterprises, data centers, and military sectors [4]. - Clearfield is headquartered in Minneapolis, MN, and deploys over one million fiber ports annually [4].
Clearfield Announces Increase to Share Repurchase Program
Globenewswire· 2025-11-25 12:01
Core Viewpoint - Clearfield, Inc. has increased its share repurchase program from $65 million to $85 million, reflecting the Board's belief that the current share price does not fully represent the company's long-term potential [2]. Share Repurchase Program - The Board of Directors has authorized an increase in the share buyback program, leaving approximately $28.4 million available for additional repurchases, in addition to the $8.4 million remaining as of September 30, 2025 [2]. - The repurchase program allows Clearfield to buy shares through various methods, including open-market transactions and block trades, in accordance with relevant securities regulations [2][3]. - The program does not obligate the company to repurchase a specific amount of stock during any period and will be funded by cash on hand [3]. Company Overview - Clearfield, Inc. designs, manufactures, and distributes fiber optic management, protection, and delivery products for communications networks, serving various markets including traditional and alternative carriers, utilities, enterprises, and military [4]. - The company is headquartered in Minneapolis, MN, and deploys over a million fiber ports each year [4].
Clearfield Reports Fourth Quarter and Full Year 2025 Results  
Globenewswire· 2025-11-25 12:00
Core Insights - Clearfield, Inc. reported a strong financial performance for fiscal year 2025, with net sales from continuing operations increasing by 20% to $150.1 million and gross profit margin improving significantly from 20.6% to 33.7% [3][10][11] - The company achieved a net income from continuing operations of $6.3 million, translating to earnings per share of $0.45, a substantial recovery from a net loss per share of $(0.58) in fiscal 2024 [4][12] - Clearfield anticipates continued growth in fiscal 2026, projecting revenue from continuing operations between $160 million and $170 million, and earnings per share in the range of $0.48 to $0.62 [3][13] Financial Performance - In Q4 2025, net sales from continuing operations reached $41.1 million, a 13% increase from $36.2 million in Q4 2024 [2][7] - Gross profit for Q4 2025 was $14.2 million, with a gross margin of 34.6%, up from 26.6% in the same quarter last year [2][8] - Operating expenses for Q4 2025 were $13.3 million, representing 32.3% of sales, a decrease from 33.4% in Q4 2024 [9][12] Strategic Developments - The company divested its European Nestor Cables business to focus on higher-return opportunities in North America, which aligns with its "Better Broadband and Beyond" strategy [5][6] - Clearfield's order backlog as of September 30, 2025, was $24.7 million, reflecting a decrease of 20% from the previous quarter but a 9% increase year-over-year [7] - The Board of Directors increased the share repurchase program authorization from $65 million to $85 million, indicating confidence in the company's market position [3][5] Outlook - For Q1 fiscal 2026, Clearfield expects net sales from continuing operations to be between $30 million and $33 million, with operating expenses remaining consistent with Q4 2025 [14] - The company does not foresee significant impacts from the results of discontinued operations on net income per share for the upcoming quarter [14] - Clearfield's management remains committed to disciplined growth and operational efficiency, despite potential pressures from external factors such as government funding delays [13][14]
Clearfield Sets Fiscal Fourth Quarter 2025 Earnings Call for Tuesday, November 25, 2025
Globenewswire· 2025-11-04 23:00
MINNEAPOLIS, Nov. 04, 2025 (GLOBE NEWSWIRE) -- Clearfield, Inc. (NASDAQ: CLFD), the leader in community broadband fiber connectivity, today announced that it will release results for the fourth quarter of fiscal 2025, ended September 30, 2025, on Tuesday, November 25, 2025, before the market open. The company will host a conference call at 8:30 a.m. Eastern time (7:30 a.m. Central time) to discuss its financial results with the investment community. Financial results will be available on the Investor Relati ...
Clearfield Elects Rebecca Seidel and Kathleen Skarvan to the Board of Directors
Globenewswire· 2025-10-29 14:30
Core Insights - Clearfield, Inc. has announced the election of Rebecca Seidel and Kathleen Skarvan to its Board of Directors, effective December 10, 2025 [1][2] - The new board members are expected to enhance the board's collective strength and support Clearfield's long-term growth [2] Board Member Contributions - Rebecca Seidel brings over 20 years of experience in MedTech, currently serving as Senior Vice President and President of Cardiac Ablation Solutions at Medtronic, overseeing a $1 billion revenue business [3] - Kathleen Skarvan has extensive experience as a Board Director and CEO, previously serving as President and CEO of Electromed, Inc., and has a strong background in high technology executive roles [3] Company Overview - Clearfield, Inc. specializes in designing, manufacturing, and distributing fiber optic management solutions, playing a critical role in enabling broadband operators to close the digital divide [4] - The company is headquartered in Minneapolis, MN, and deploys over a million fiber ports each year [4]
Aegon successfully sells 12.5 million shares in a.s.r.
Globenewswire· 2025-09-03 05:30
Core Viewpoint - Aegon Ltd. has successfully sold 12.5 million shares of ASR Nederland N.V. at a price of EUR 56 per share, generating gross proceeds of EUR 700 million, while ASR repurchased 1,875,000 shares for approximately EUR 105 million [1][2][3] Group 1: Transaction Details - The transaction price for the shares sold was EUR 56 per share, leading to gross proceeds of EUR 700 million [1] - ASR Nederland repurchased 1,875,000 shares at the same price, totaling around EUR 105 million [1] - The transaction is expected to settle on September 5, 2025 [1] Group 2: Shareholding Impact - Following the transaction, Aegon's shareholding in ASR will decrease from 29.96% to approximately 24% [2] - Aegon has agreed to a 180-day lock-up arrangement for its remaining stake in ASR after the settlement [2] Group 3: Financial Implications - The transaction is anticipated to increase Aegon's Group solvency ratio by 11 percentage points, compared to an estimated ratio of 183% as of June 30, 2025 [3] - An IFRS book gain of approximately EUR 0.2 billion is expected in the second half of 2025 as a result of this transaction [3] - The cash proceeds from the transaction will be recorded in Aegon's Cash Capital at Holding in the third quarter of 2025 [3] Group 4: Underwriters - J.P. Morgan, Barclays, and Goldman Sachs acted as Joint Global Coordinators for the transaction [4] - ABN AMRO, BNP Paribas, Citigroup, Deutsche Bank, and ING served as Joint Bookrunners [4]
Aegon reports first half year 2025 results
GlobeNewswire News Room· 2025-08-21 05:00
Core Insights - Aegon reported strong commercial momentum in key markets during the first half of 2025, with notable increases in new life sales and net deposits across various regions [5][6][10] - The company is on track to meet its Operating Capital Generation (OCG) guidance for 2025, with a significant operating result increase compared to the previous year [6][10] - Aegon announced a review for relocating its legal domicile and head office to the United States, reflecting its strategic focus on the U.S. market [4][8][9] Financial Highlights - New life sales in the U.S. increased by 13% to USD 276 million [5] - The operating result for the first half of 2025 was EUR 845 million, up 19% year-on-year [6][10] - Net profit reached EUR 606 million, a significant recovery from a net loss of EUR 65 million in the first half of 2024 [10] Capital Highlights - Aegon reported EUR 576 million in Operating Capital Generation (OCG) for the first half of 2025, maintaining guidance of around EUR 1.2 billion for the year [6][10] - The company announced an interim dividend of EUR 0.19 per share, a 19% increase from the previous year [7][10] - Aegon is increasing its share buyback program to EUR 400 million, up from EUR 200 million [7][10] Strategic Developments - Aegon is reviewing the potential relocation of its head office to the U.S., where approximately 70% of its operations are concentrated [8][9] - The relocation aims to simplify the corporate structure by aligning legal domicile and regulatory frameworks with its primary market [9]
Mirion (MIR) Q2 Revenue Up 8%
The Motley Fool· 2025-08-02 10:13
Core Insights - Mirion Technologies reported Q2 2025 GAAP revenue of $222.9 million, exceeding analyst expectations of $216.2 million, and achieved adjusted EPS of $0.11, surpassing the consensus estimate of $0.10 [1][2] - The company experienced year-over-year growth in both GAAP revenue and net income, marking a significant turnaround from a GAAP net loss of $12.0 million in Q2 2024 to a net profit of $8.5 million in Q2 2025 [1][6] - Mirion raised its full-year revenue growth target to approximately 7.0%–9.0% for fiscal year 2025, while adjusting its organic revenue growth expectations down to 5.0%–7.0% due to challenges in specific submarkets [10] Financial Performance - Q2 2025 GAAP revenue increased by 7.6% year-over-year, and adjusted EBITDA rose by 4.9% from the previous year [2][5] - The adjusted EBITDA margin slightly decreased to 23.0% compared to 23.6% in Q2 2024 [2][6] - Cash from operations more than doubled in the first half of 2025, with cash on hand increasing from $175.2 million at the end of 2024 to $262.6 million by June 30, 2025 [6] Strategic Focus - Mirion specializes in radiation monitoring and measurement systems, serving nuclear energy plants, research labs, and hospitals [3][4] - The company is focusing on high-growth areas in nuclear power and medical radiation, relying on recurring revenue from system replacements and services [4] - Recent strategic moves include a $400 million convertible debt offering, refinancing of Term Loan B, and the acquisition of Certrec to enhance its nuclear offerings [7] Market Dynamics - The nuclear and safety segment benefited from strong installation and replacement cycles, supported by policy backing for nuclear energy [5] - The medical segment's growth is driven by rising cancer incidence and aging populations, although there are concerns regarding demand trends in China and the impact of tariffs on U.S.-made medical equipment [5][8] - Management is actively addressing tariff challenges through local sourcing and pricing adjustments, estimating a potential net impact on adjusted EBITDA between a $3 million gain and an $8 million loss [9]
Clearfield Sets Fiscal Third Quarter 2025 Earnings Call for Wednesday, August 6, 2025
GlobeNewswire· 2025-07-23 20:30
Company Announcement - Clearfield, Inc. will release its financial results for the third quarter of fiscal 2025 on August 6, 2025, after market close [1] - A conference call to discuss the financial results will be held at 5:00 p.m. Eastern time on the same day [2] Financial Information - Financial results will be accessible on the Investor Relations section of the company's website along with a shareholder letter [2] - An audio replay of the conference call will be available after 8:00 p.m. Eastern time on August 6, 2025, and will remain accessible until August 20, 2025 [2] Company Overview - Clearfield, Inc. specializes in designing, manufacturing, and distributing fiber optic management, protection, and delivery products for communications networks [3] - The company serves various markets, including traditional and alternative carriers, cable TV companies, utilities, municipalities, enterprises, data centers, and military sectors [3] - Clearfield deploys over one million fiber ports annually [3]