Day: May 6, 2025

Peppertree Capital Management to Be Acquired by TPG

Written by Customer Service on May 6, 2025. Posted in Mergers And Acquisitions.

Marks Successful Culmination of AMG Partnership WEST PALM BEACH, Fla., May 06, 2025 (GLOBE NEWSWIRE) — AMG, a strategic partner to leading independent investment management firms globally, today announced that it has entered into an agreement to sell its equity interest in Peppertree Capital Management, Inc. (“Peppertree”) as part of the announced acquisition of Peppertree by TPG Inc. Founded in 2004 by co-Presidents Ryan Lepene and Howard Mandel, Peppertree is a leading specialized digital infrastructure investment firm with a focus on wireless communications towers. Since AMG’s minority investment, Peppertree has grown and developed its business, including through the support of AMG’s capital formation and strategic capabilities. “We are so pleased to have partnered with Ryan, Howard, and the Peppertree team, collaborating to...

Reed’s Launches New Multifunctional Soda Line with 4 Bold Flavors

Written by Customer Service on May 6, 2025. Posted in Public Companies.

Bringing Fresh, Organic Ginger & Functional Ingredients to the Modern Wellness Space NORWALK, Conn., May 06, 2025 (GLOBE NEWSWIRE) — Reed’s, Inc. (OTCQX: REED) (“Reed’s” or the “Company”), owner of the nation’s leading portfolio of handcrafted, natural ginger beverages, is thrilled to introduce its all-new Multifunctional Soda Line, redefining refreshment with delicious flavors, powerful ingredients, and a smarter way to sip. This new line features four innovative flavors: Berry Bubbly, Strawberry Vanilla, Root Beer, and Lemongrass Ginger—each packed with functional ingredients designed for today’s health-conscious consumer. “Reed’s has long been ahead of the curve as plant-based and functional ingredients continue to gain traction in the beverage category,” said Cyril Wallace, CEO at Reed’s Inc. “The Company has been crafting...

Centerra Gold Announces Results of 2025 Annual Meeting of Shareholders

Written by Customer Service on May 6, 2025. Posted in Public Companies.

TORONTO, May 06, 2025 (GLOBE NEWSWIRE) — Centerra Gold Inc. (TSX: CG) (NYSE: CGAU) (“Centerra” or the “Company”) announces the results of its 2025 Annual Meeting of Shareholders (the “Meeting”) held on May 6, 2025. A total of 159,054,649 shares, representing 76.22% of common shares issued and outstanding, were represented at the Meeting. Detailed voting results are outlined below. Election of Directors Each of the nominee directors listed in Centerra’s management information circular dated March 11, 2025, was elected. Votes For % Votes For Votes Against % Votes AgainstKaren David-Green 150,475,238 99.73% 401,434 0.27%Wendy Kei 149,249,333 98.92% 1,627,338 1.08%Nancy Lipson 150,467,060 99.73% 409,611 0.27%Craig MacDougall 149,356,778 98.99% 1,519,894 1.01%Michael S. Parrett 148,064,087 98.14% 2,812,585 1.86%Jacques...

W&T Offshore Announces First Quarter 2025 Results and Declares Dividend for Second Quarter of 2025

Written by Customer Service on May 6, 2025. Posted in Earnings Releases And Operating Results.

HOUSTON, May 06, 2025 (GLOBE NEWSWIRE) — W&T Offshore, Inc. (NYSE: WTI) (“W&T,” the “Company,” “we” or “us”) today reported operational and financial results for the first quarter of 2025 and declared a second quarter 2025 dividend of $0.01 per share. This press release includes non-GAAP financial measures, including Adjusted Net Loss, Adjusted EBITDA, Free Cash Flow and Net Debt, which are described and reconciled to the most comparable GAAP measures in the accompanying tables to this press release under “Non-GAAP Information.” Key highlights for the first quarter of 2025 and through the date of this press release include:Produced 30.5 thousand barrels of oil equivalent per day (“MBoe/d”) (52% liquids), towards the high end of guidance;Announced that the West Delta 73 and Main Pass 108/98 fields were placed into...

California Resources Reports First Quarter 2025 Financial and Operating Results

Written by Customer Service on May 6, 2025. Posted in Earnings Releases And Operating Results.

Returned $258 Million to Stakeholders, Maintained Balance Sheet Strength, Delivered Flat Quarter-Over-Quarter Total Net Production Company Reaffirms its 2025 Production, Capital Investment and Adjusted EBITDAX Guidance LONG BEACH, Calif., May 06, 2025 (GLOBE NEWSWIRE) — California Resources Corporation (NYSE: CRC) today reported financial and operating results for the first quarter of 2025. The Company plans to host a conference call and webcast at 1 p.m. ET (10 a.m. PT) on Wednesday, May 7, 2025. Participation details can be found within this release. Supplemental slides are available on CRC’s website at www.crc.com. HighlightsReported net income of $115 million, adjusted net income1 of $98 million and adjusted EBITDAX1 of $328 million Generated $186 million of net cash provided by operating activities and $252 million of operating...

BioAge Labs Reports First Quarter 2025 Financial Results and Provides Business Updates

Written by Customer Service on May 6, 2025. Posted in Earnings Releases And Operating Results.

Advancement of lead candidate BGE-102, an oral, brain-penetrant NLRP3 inhibitor for obesity, with initial clinical data expected 2H25 New strategic collaboration with Lilly ExploR&D expands therapeutic approach to novel metabolic aging targets Progression of preclinical next-generation APJ agonists for obesityRICHMOND, Calif., May 06, 2025 (GLOBE NEWSWIRE) — BioAge Labs, Inc. (“BioAge”, “the Company”), a clinical-stage biotechnology company developing therapeutic product candidates for metabolic diseases, such as obesity, by targeting the biology of human aging, today provided business updates and reported its first quarter 2025 financial results. “The first quarter of 2025 was marked by strategic execution as we advanced our focused pipeline,” said Kristen Fortney, Ph.D., CEO and co-founder of BioAge....

HP Inc. to Announce Second Quarter Fiscal 2025 Earnings on May 28, 2025

Written by Customer Service on May 6, 2025. Posted in Public Companies.

PALO ALTO, Calif., May 06, 2025 (GLOBE NEWSWIRE) — HP Inc. (NYSE: HPQ) will present a live audio webcast of a conference call to review financial results for the second fiscal quarter ended April 30, 2025 on Wednesday, May 28, 2025 at 5:00 p.m. ET / 2:00 p.m. PT. The webcast will be available at www.hp.com/investor/2025Q2Webcast. A replay of the audio webcast will be available at the same website shortly after the call and will remain available for approximately one year. About HP Inc. HP Inc. (NYSE: HPQ) is a global technology leader and creator of solutions that enable people to bring their ideas to life and connect to the things that matter most. Operating in more than 170 countries, HP delivers a wide range of innovative and sustainable devices, services and subscriptions for personal computing, printing, 3D printing, hybrid...

AMD Reports First Quarter 2025 Financial Results

Written by Customer Service on May 6, 2025. Posted in Earnings Releases And Operating Results.

SANTA CLARA, Calif., May 06, 2025 (GLOBE NEWSWIRE) — AMD (NASDAQ:AMD) today announced financial results for the first quarter of 2025. First quarter revenue was $7.4 billion, gross margin was 50%, operating income was $806 million, net income was $709 million and diluted earnings per share was $0.44. On a non-GAAP(*) basis, gross margin was 54%, operating income was $1.8 billion, net income was $1.6 billion and diluted earnings per share was $0.96. “We delivered an outstanding start to 2025 as year-over-year growth accelerated for the fourth consecutive quarter driven by strength in our core businesses and expanding data center and AI momentum,” said Dr. Lisa Su, AMD chair and CEO. “Despite the dynamic macro and regulatory environment, our first quarter results and second quarter outlook highlight the strength of our differentiated...

MRC Global Announces First Quarter 2025 Results

Written by Customer Service on May 6, 2025. Posted in Earnings Releases And Operating Results.

HOUSTON, May 06, 2025 (GLOBE NEWSWIRE) — MRC Global Inc. (NYSE: MRC) today announced first quarter 2025 results from continuing operations. First Quarter 2025 Financial Highlights:Operating cash flows provided by continuing operations of $21 million Sales of $712 million, a 7% increase compared to the fourth quarter of 2024 Gross profit, as a percentage of sales, of 19.9% Adjusted Gross Profit, as a percentage of sales, of 21.5% Net income from continuing operations of $8 million Adjusted EBITDA of $36 million, or 5.1% of sales Net working capital, as a percentage of sales, of 11.7% Net debt leverage ratio of 1.7 times First quarter backlog of $603 million, an 8% sequential improvementRob Saltiel, MRC Global’s President and CEO stated, “First quarter results were strong across all of our key metrics, consistent with our recent...

Powell Industries Announces Second Quarter Fiscal 2025 Results

Written by Customer Service on May 6, 2025. Posted in Earnings Releases And Operating Results.

HOUSTON, May 06, 2025 (GLOBE NEWSWIRE) — Powell Industries, Inc. (NASDAQ: POWL), a leading supplier of custom-engineered solutions for the management, control and distribution of electrical energy, today announced results for the second quarter of Fiscal 2025 ended March 31, 2025. All comparisons are to the second quarter of Fiscal 2024, unless otherwise noted. Second Quarter Key Financial Highlights:Revenues totaled $279 million, an increase of 9%; Gross profit of $83 million, or 29.9% of revenue; Net income of $46 million, or $3.81 per diluted share, increased 38%; New orders(1) totaled $249 million; Backlog(2) as of March 31, 2025 was unchanged at $1.3 billion; Cash and short-term investments as of March 31, 2025 totaled $389 million.Brett A. Cope, Powell’s Chairman and Chief Executive Officer, stated, “Our second quarter...

Day: May 6, 2025

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