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Release Date: March 06, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Martinrea International Inc (MRETF) reported a strong safety record with a total recordable injury rate of 0.99 in 2024, among the best in the industry. The company maintained a strong balance sheet with a net debt to adjusted EBITDA ratio under the target of 1.5 times. Martinrea International Inc (MRETF) returned significant capital to shareholders in 2024, maintaining its dividend and repurchasing over 5 million shares. The company made progress in reducing carbon emissions by 17% since 2019 and…
Q: Can you provide insights into the sensitivity of the non-mortgage component of your business? A: Elias Olmeta, CFO: While we have improved our disclosures, we are not providing further details on the consumer side at this time. However, we will consider this for future calls. Q: How sustainable is your 41% EBITDA margin target as you continue to invest in sales and marketing? A: Elias Olmeta, CFO: We feel confident about the 41% margin. The 40% guidance is the anchor, and as we ramp up investments in the second half of the year, margins may see slight pressure. However,…
(Bloomberg) — A global shortage of antimony — widely used in munitions — could worsen as the US and Europe replenish stockpiles of bullets and bombs used in Ukraine, according to the company building one of the niche metal’s few new sources of supplies. Most Read from Bloomberg Larvotto Resources Ltd. (K6X.F) is due to start a mine in Australia next year, offering a rare new stream of output from a Western nation in an antimony industry dominated by China and Russia. Prices of the metal are nearly four times higher than a year ago, after Beijing tightened exports of…
Contract Revenue: Increased 11% year over year to $566 million. Adjusted EBITDA: Increased 24% year over year to $56.8 million. GAAP EPS: Nearly doubled year over year to $1.58. Adjusted EPS: Increased 39% year over year to $2.43. Free Cash Flow: Generated $4.49 per share in 2024. Net Revenue: Increased 10% to $296 million. Gross Margin: Expanded to 35.8% from 35.2% a year ago. Interest Expense: Decreased 17% to $7.8 million. Net Income: $22.6 million, up from $10.9 million in 2023. Cash Flow from Operations: Generated $72 million in 2024. Total Liquidity: $124 million at the end of 2024. 2025…
(Bloomberg) — Broadcom Inc. (AVGO) shares jumped after the chip supplier for Apple Inc. (AAPL) and other big tech companies gave an upbeat forecast, reassuring investors that spending on artificial intelligence computing remains healthy. Most Read from Bloomberg Sales will be about $14.9 billion in the three-month period ending May 4, Broadcom said in a statement Thursday. Analysts had estimated $14.6 billion on average, with some projections surpassing $15.1 billion. The report suggests that a historic boom in AI spending is still going strong. Broadcom has been a major beneficiary of those expenditures, with its data center customers pouring money…
UK house prices remained broadly steady in February, dipping 0.1% month-on-month to £298,602 and maintaining a steady annual growth. In January, Halifax’s (LLOY.L) monthly house price index (HPI) reported annual house prices had hit £298,815. “February’s figures highlight the delicate balance within the UK housing market. While there’s been talk of a last minute rush on new mortgages ahead of the changes to stamp duty, inevitably we’ve seen some of the demand that was brought forward start to fade as the April deadline ticks closer, given the time needed to complete a purchase,” said Amanda Bryden, head of mortgages at…
(Bloomberg) — Shares of Hewlett Packard Enterprise Co. fell the most since 2020 after it said profit in the coming year would be hurt by tariffs, weak margins on server sales and execution issues. The company also said it would eliminate about 3,000 jobs. Most Read from Bloomberg Earnings, excluding some items, will be $1.70 to $1.90 per share in the fiscal year ending in October 2025, HPE said Thursday in a statement. Analysts, on average, estimated $2.12 a share. HPE’s stock dropped as much as 16% after markets opened in New York on Friday, its biggest intraday decline since…
Ravi Jani; Vice President; Real Brokerage Inc Tamir Poleg; Chief Executive Officer, Co-Founder; Real Brokerage Inc Sharran Srivatsaa; President; Real Brokerage Inc Michelle Ressler; Chief Financial Officer; Real Brokerage Inc Darren Aftahi; Analyst; Roth Capital Partners, LLC Stephen Sheldon; Analyst; William Blair Matthew Erdner; Analyst; JonesTrading Operator Good day everyone, and welcome to the Real brokerage 4th quarter and full year 2024 earnings call.(operator Instruction)It is not my pleasure to turn the floor over to your host Ravi Jani. Sir, the floor is yours. Ravi Jani Thanks and good morning.Thank you for standing by and welcome to the Real brokerage…
John Turner Thank you, Carey. Good morning, and thank you all for joining us. I’d like to begin with a review of our third quarter performance, which overall came in below our expectations as we continue to face a challenging macro environment. I will then turn the call over to Scott for a closer look at the financial results before concluding with an overview of our outlook.As highlighted in our press release this morning, results for our fiscal third quarter reflect the impact of demand conditions that deteriorated meaningfully starting in December, continuing through the end of the quarter and…
Robert McKee Thanks, Graham. And thank you for joining us today. Last quarter, we published our third annual sustainability report. If you’ve not had a chance to read it, I would highly recommend it. The report highlights our commitment to making a difference in our communities by donating our time and resources through programs like Kodiak Cares Foundation and [KETS] an employee resource group for veterans who have proudly served in our military.The report also details our relentless focus on safety. We set a high bar for safety with a goal to make certain that every employee goes home safe…