Articles from Business Wire

Corient, one of the nation’s largest and fastest-growing national wealth advisors, today announced it has acquired Rootstock Advisors (“Rootstock”), a Pennsylvania-based registered investment advisory firm with approximately $600 million in assets under management (as of January 31, 2025). This acquisition strengthens Corient’s ability to serve ultra-high-net-worth (UHNW) clients and expands its presence in the Pittsburgh region.

NESsT, a global impact investor and venture philanthropist, in partnership with IKEA Social Entrepreneurship and Cisco Foundation, today unveiled the next phase of the NESsT Central-Eastern Europe (CEE) Accelerator Program. This initiative seeks to invest in and accelerate social enterprises that create dignified jobs for individuals from excluded communities, including refugees, migrants, women, at-risk youth, the LGBTQIA+ community, and others facing systemic barriers to economic opportunity.

2seventy bio, Inc. (Nasdaq: TSVT) today provided full-year Abecma® (idecabtagene vicleucel; ide-cel) sales results for 2024, in partnership with Bristol Myers Squibb (BMS).

Align Partners Capital Management Inc. ("Align Partners"), a shareholder of Coway Co., Ltd. ("Coway" or "Company") since 2023, submitted 4 shareholder proposals on February 6, 2025, for the upcoming Annual General Meeting (“AGM”). These proposals aim to ensure that Coway’s governance works for all, and not just its largest shareholder.

Altus Power, Inc. (“Altus Power” or the “Company”) (NYSEAMPS), the largest owner of commercial-scale solar in the US, today announced it has entered into a definitive agreement to be acquired by TPG through its TPG Rise Climate Transition Infrastructure strategy for $5.00 per share of its Class A common stock in an all-cash transaction that values the Company at approximately $2.2 billion, including outstanding debt. Upon completion of the transaction, Altus Power’s Class A common stock will no longer be listed or traded on the New York Stock Exchange, and Altus Power will become a privately-held company.

N-able, Inc. (NYSENABL), a global software company helping IT services providers deliver security, data protection as-a-service, and remote monitoring and management solutions, revealed today that CRN®, a brand of The Channel Company, named five members of its global channel leadership team to the 2025 Channel Chiefs list.

Innoviva, Inc. (NASDAQINVA) (“Innoviva” or the “Company”), a diversified holding company with a core royalties portfolio, a leading critical care and infectious disease platform known as Innoviva Specialty Therapeutics (“IST”), and a portfolio of strategic investments in healthcare assets, today announced that Pavel Raifeld, Chief Executive Officer, will participate in a podium presentation at the Oppenheimer 35th Annual Healthcare Life Sciences Conference on Tuesday, February 11, 2025 at 2:00 p.m. Eastern Time. The conference will be held in a virtual format.

7 For All Mankind presents its campaign for Spring Summer 2025, a project which champions bold self-expression and cultural connectivity. Featuring Mariacarla Boscono and newcomer Mohamed Hassan, the campaign is shot by Theo Liu and styled by Elodie David.

MACOM Technology Solutions Holdings, Inc. (“MACOM”) (Nasdaq: MTSI), a leading supplier of semiconductor products, today announced its financial results for its fiscal first quarter ended January 3, 2025.

Bausch + Lomb Corporation (NYSE/TSX: BLCO), a leading global eye health company dedicated to helping people see better to live better, issued the following update on a potential sale, which was disclosed in December 2024 following a regulatory request:

Yum! Brands, Inc. (NYSEYUM) today reported results for the fourth quarter and year ended December 31, 2024. Fourth-quarter GAAP EPS was $1.49 and EPS excluding Special Items was $1.61. Full-year GAAP EPS was $5.22 and EPS excluding Special Items was $5.48, an increase of 6%.

UL Solutions Inc. (NYSEULS), a global leader in applied safety science, today announced it will release financial results for the fourth quarter and full year 2024 before the market opens on Thursday, February 20. Management will host a webcast and conference call that same day at 8:30 a.m. EST (7:30 a.m. CST) to review results.

Ligand Pharmaceuticals Incorporated (Nasdaq: LGND) today announced that Chief Executive Officer Todd Davis and Chief Financial Officer Tavo Espinoza will present at the Oppenheimer 35th Annual Healthcare Life Sciences Conference on February 11, 2025 at 2:40 p.m. Eastern Time.

Winn-Dixie is showcasing local flavors with unbeatable value just in time for the Big Game in New Orleans. Deeply ingrained in Louisiana culture, the grocer is proudly celebrating the rich heritage of the region, where food is at the heart of every celebration. With community festivities and many delicious ways to get into the Carnival spirit, Winn-Dixie is the perfect one-stop shop for everything needed to make a winning play and let the good times roll.

Warby Parker Inc. (NYSEWRBY) (the “Company”), a direct-to-consumer lifestyle brand focused on vision for all, today announced that its financial results for the fourth quarter and year ended December 31, 2024 will be released before market open on February 27, 2025.

Steel Partners Holdings L.P. (“Steel”) and Camac Partners LLC (“Camac”), which together with their affiliates are shareholders of CreateAI Holdings Inc. (OTCMKTS: TSPH) (the “Company”), today released a letter they sent to the Company’s Board of Directors (the “Board”) proposing to acquire all outstanding shares of Class A and Class B common stock of CreateAI Holdings Inc. that they do not currently own for an increased consideration of $0.60 per share. This follows Steel and Camac’s December 2, 2024 proposal to acquire the Company for $0.46 per share.

OneWater Marine Inc. (NASDAQONEW) (“OneWater” or the “Company”) announced today that it has completed the acquisition of American Yacht Group, which further expands the Company’s presence in the Southeastern U.S. and enhances new and pre-owned boat sales, finance and insurance, and parts and services offerings.

Meketa Investment Group (Meketa), a global investment consulting and fiduciary management (OCIO) firm, is excited to announce a significant leadership appointment that underscores the firm’s commitment to innovation, excellence, and client success in the Public Markets space.

LG Ad Solutions, a global leader in connected TV and cross-screen advertising, today announced findings from a newly released study titled Stadium to Screen, its latest report on the evolving habits of sports viewers across the U.S., U.K., and Canada. The study reveals a dramatic shift toward connected TV (CTV) as the primary platform for live sports, signaling a new era in how fans engage with their favorite teams and athletes. With 80% of U.S. CTV users now streaming live sports, the report sheds light on changing behaviors and opportunities for brands and streaming platforms alike.

IQVIA Holdings Inc. (“IQVIA”) (NYSEIQV), a leading global provider of clinical research services, commercial insights and healthcare intelligence to the life sciences and healthcare industries, today reported financial results for the quarter ended December 31, 2024.

AstraZeneca:

Castle Biosciences, Inc. (Nasdaq: CSTL), a company improving health through innovative tests that guide patient care, today announced that it will release its financial results for the fourth quarter and year ended Dec. 31, 2024, after the close of market on Thursday, Feb. 27, 2025.

ConocoPhillips (NYSECOP) today reported fourth-quarter 2024 earnings of $2.3 billion, or $1.90 per share, compared with fourth-quarter 2023 earnings of $3.0 billion, or $2.52 per share. Excluding special items, fourth-quarter 2024 adjusted earnings were $2.4 billion, or $1.98 per share, compared with fourth-quarter 2023 adjusted earnings of $2.9 billion, or $2.40 per share. Special items for the current quarter were primarily due to transaction and integration expenses largely offset by a tax benefit, both resulting from the acquisition of Marathon Oil, and debt transaction-related expenses.

Allianz Trade, the world leader in trade credit insurance, today announces changes in its regional leadership teams. James Daly, CEO of Allianz Trade in Americas, has decided to retire on June 30, 2025. Sarah Murrow, currently CEO of Allianz Trade in the UK & Ireland, will succeed him as of July 1, 2025. This appointment is subject to the standard regulatory approval requirements. Her successor will be announced at a later date.

Regulatory News:

Bristol Myers Squibb (NYSEBMY) today reports results for the fourth quarter and full year of 2024.

Laser Photonics Corporation (“LPC” or “the Company”) (NASDAQLASE), a leading global developer of industrial laser systems for cleaning and other material processing applications, today announced that its subsidiary, Control Micro Systems (CMS Laser), has secured a significant order from a prominent global provider of dental implant solutions. This provider is renowned for its high-quality, reliable, and technologically advanced products, which are widely favored by dental professionals and patients alike.

Yum! Brands, Inc. (NYSEYUM) Board of Directors approved a 6% increase in the company’s quarterly dividend. The quarterly cash dividend will increase from $0.67 to $0.71 per share of common stock and be distributed March 7, 2025 to shareholders of record at the close of business on February 21, 2025.

Yum! Brands, Inc. (NYSEYUM) announced today the introduction of Byte by Yum!, a comprehensive collection of proprietary Software as a Service (SaaS) AI-driven products that will enable KFC, Taco Bell, Pizza Hut and Habit Burger & Grill restaurants across the world to delight customers, streamline operations and empower teams.

Janus International Group, Inc. (NYSEJBI) (“Janus” or the “Company”), a leading global provider of cutting-edge access control technologies and building product solutions for the self-storage and other commercial and industrial sectors, announced today that the Company will release its fourth quarter and full-year 2024 financial results before the market opens on Wednesday, February 26, 2025. A webcast and conference call will be held that same day at 10:00 a.m. ET to review the Company’s fourth quarter and full-year results and conduct a question-and-answer session.

The Buckle, Inc. (NYSEBKE) announced today that comparable store net sales, for stores open at least one year, for the 4-week period ended February 1, 2025 increased 4.4 percent from comparable store net sales for the 4-week period ended February 3, 2024. Net sales for the 4-week fiscal month ended February 1, 2025 decreased 18.0 percent to $59.5 million from net sales of $72.6 million for the prior year 5-week fiscal month ended February 3, 2024.

The "Enterprise Tech Ecosystem Series: H & M Hennes & Mauritz AB - 2024" company profile has been added to ResearchAndMarkets.com's offering.

Canada Goose Holdings Inc. (NYSE, TSX: GOOS) announced today financial results for the third quarter of fiscal 2025, which ended December 29, 2024. All amounts are in Canadian dollars unless otherwise indicated.

Kenvue Inc. (NYSEKVUE), today announced financial results for the full year and fiscal fourth quarter ended December 29, 2024.

Aptiv PLC (NYSEAPTV), a global technology company focused on making the world safer, greener and more connected, today reported fourth quarter 2024 U.S. GAAP earnings of $1.14 per diluted share. Excluding special items, fourth quarter earnings totaled $1.75 per diluted share.

Rithm Capital Corp. (NYSE: RITM; “Rithm Capital,” “Rithm” or the “Company”) today reported the following information for the fourth quarter ended and full year ended December 31, 2024:

Tapestry, Inc. (NYSETPR), a house of iconic accessories and lifestyle brands consisting of Coach, Kate Spade, and Stuart Weitzman, today reported results for the fiscal second quarter ended December 28, 2024.

Darling Ingredients Inc. (NYSEDAR) today reported net income of $101.9 million, or $0.63 per diluted share for the fourth quarter of 2024, compared to net income of $84.5 million, or $0.52 per diluted share, for the fourth quarter of 2023. The company continued its focus on operational excellence, which resulted in gross margin improvement in fourth quarter 2024, compared to third quarter 2024, despite lower fat prices. The company also reported total net sales of $1.4 billion for the fourth quarter of 2024, compared with total net sales of $1.6 billion for the same period a year ago, reflecting lower finished product pricing.

Merck (NYSEMRK), known as MSD outside of the United States and Canada, today announced the initiation of waveLINE-010, a pivotal Phase 3 clinical trial evaluating zilovertamab vedotin in combination with rituximab plus cyclophosphamide, doxorubicin and prednisone (R-CHP) compared to rituximab plus cyclophosphamide, doxorubicin, vincristine and prednisone (R-CHOP) alone, for the treatment of patients with previously untreated diffuse large B-cell lymphoma (DLBCL). Zilovertamab vedotin is Merck’s investigational antibody-drug conjugate (ADC) that targets receptor tyrosine kinase-like orphan receptor 1 (ROR1). Global recruitment of the waveLINE-010 trial has begun, with patients now enrolling.

AMC Entertainment Holdings, Inc. (NYSEAMC) (“AMC” or “the Company”), the largest theatrical exhibition company in the world, announced today that it will report its results for the fourth quarter and full year ended December 31, 2024, after the market closes on Tuesday, February 25, 2025.

US Foods Holding Corp. (NYSEUSFD) today announced that Dave Flitman, Chief Executive Officer, and Dirk Locascio, Chief Financial Officer, will present at the CAGNY 2025 Conference on Thursday, Feb. 20, 2025, at 11 a.m. EST.

Sally Beauty Holdings, Inc. (NYSESBH) (“the Company”), the leader in professional hair color, today announced that Beauty Systems Group, the Company’s segment which distributes beauty products to salon professionals through its Cosmo Prof and Armstrong McCall branded divisions, has signed a distribution agreement with K18, one of the most admired hair care brands in the professional channel.

Advanced Drainage Systems, Inc. (NYSEWMS) (“ADS” or the “Company”), a leading provider of innovative water management solutions in the stormwater and on-site septic waste water industries, today announced that its Board of Directors (the “Board”) has approved a quarterly cash dividend to its shareholders in the amount of $0.16 per share, a 14% increase over the prior year dividend amount.

Advanced Drainage Systems, Inc. (NYSEWMS) (“ADS” or the “Company”), a leading provider of innovative water management solutions in the stormwater and onsite septic wastewater industries today announced financial results for the fiscal third quarter ended December 31, 2024.

Broken String Biosciences (“Broken String”), a leader in advancing gene editing safety, today opened its Catalyst Early Access Program (EAP) for developers of gene-edited therapies that allow for the detection of on- and off-target edits at high resolution, in days, in their own labs. The program allows select companies to use Broken String’s INDUCE-seq® platform as a first-of-its-kind offering for rapidly detecting on-target and off-target effects that can occur during gene editing. This new on-demand offering enables gene editing therapy developers to assess on- and off-target effects in days, as opposed to months.

nVent Electric plc (NYSENVT) (“nVent”), a global leader in electrical connection and protection solutions, reported fourth quarter and full year 2024 financial results today through an earnings release posted on the company’s Investor Relations website at http://investors.nvent.com. The earnings release will be furnished with the Securities and Exchange Commission on a Form 8-K and is available here. The company will also hold a conference call with analysts and investors at 10:00 a.m. ET.

Trane Technologies (NYSETT), a global climate innovator, announced the appointment of Matthew Pine, president and CEO, Xylem Inc. NYSE: XYLNYSEXYL)

MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for fixed-income securities, today announced financial results for the fourth quarter and full year ended December 31, 2024.

Babcock & Wilcox (B&W) (NYSEBW) announced today that its Babcock & Wilcox Construction Co., LLC (BWCC) subsidiary was awarded $35 million in contracts for maintenance and service work at power plants and industrial facilities in North America, contributing to a backlog of more than $160 million in construction services heading into 2025.

Spectrum Brands Holdings, Inc. (NYSE: SPB; “Spectrum Brands” or the “Company”), a leading global branded consumer products and home essentials company focused on driving innovation and providing exceptional customer service, today reported results from continuing operations for the first quarter of fiscal 2025 ended December 29, 2024.

Maximus (NYSEMMS), a leading provider of government services worldwide, reported financial results for the three months ending December 31, 2024.

Sila Realty Trust, Inc. (NYSESILA) (“Sila”, the “Company”, or “we”), today announced that it will issue its fourth quarter and year ended 2024 financial results after the close of trading on the New York Stock Exchange on Tuesday, February 25, 2025.

Omnicell, Inc. (NASDAQOMCL) (“Omnicell,” “we,” “our,” “us,” “management,” or the “Company”), a leader in transforming the pharmacy and nursing care delivery model, today announced results for its fiscal year and fourth quarter ended December 31, 2024.

Ares Management Corporation (NYSEARES) (“Ares”) announced today that an Ares Credit fund served as the administrative and collateral agent on a financing package to support the recapitalization of Global Healthcare Exchange, LLC (“GHX”).

Snap-on Incorporated (NYSESNA), a leading global innovator, manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions for professional users performing critical tasks, today announced 2024 operating results for the fourth quarter and full year.

February 6, 2025-- ITT Inc. (NYSEITT) today reported financial results for the fourth quarter and full year ended December 31, 2024. For the fourth quarter, the company reported a year-over-year revenue increase of 12%, up 6% on an organic basis, primarily driven by higher volume, pricing actions and the acquisitions of Svanehøj and kSARIA.

The "Enterprise Tech Ecosystem Series: The Procter & Gamble Company 2024" company profile has been added to ResearchAndMarkets.com's offering.

InMoment®, the leading provider of integrated Experience Improvement (XI)™ solutions, today announced the launch of its Competitor Intelligence solution for reputation management, a ground-breaking new tool designed to transform how businesses analyze and leverage competitor review data to win more customers. Leveraging generative AI, the solution synthesizes and summarizes competitor review data, making it easier for customers to understand competitors’ strengths, weaknesses, opportunities, and threats.

As the fashion world takes center stage and sets the trends for the season ahead, Carter’s, Inc. (NYSECRI), the leading apparel company for babies and young children, today unveiled its new Spring and Summer 2025 collections featuring its most style-driven, yet affordable, assortment to date. Known for delivering stylish apparel with comfort and value at its core, Carter’s has reimagined trends hot off the runway for the tiniest of trendsetters.

Mercer Global Advisors, Inc. (“Mercer Advisors”), a national Registered Investment Adviser (RIA), today announced the hiring of Alisa Maute, CIMA®, CAIA℠, to the newly created role of executive managing director, head of client development. Maute joins Mercer Advisors to lead and expand its dedicated client development team, comprising more than 100 team members, which has doubled in size over the past two years and is powering record organic growth for the firm.

Hotel Okura Co., Ltd., the leading global Japanese hotel operator that embodies Japan’s Omotenashi spirit of hospitality and Plataran Indonesia, known as the Home of Next Level Indonesian Hospitality, are pleased to announce that they have signed a strategic alliance agreement on February 6, 2025. The two icons of hospitality proudly unveil a landmark cultural exchange partnership that bridges the rich heritage of Indonesia with the refined traditions of Japan. This visionary alliance is rooted in a shared passion for excellence, authenticity, and impact-driven hospitality, based on their respective rich cultures, setting new standards in luxury, engaged, and integrated hospitality.

REEV, a pioneering medical technology startup developing intelligent, lightweight wearable robotics, on Tuesday announced a $9.2 million funding round to accelerate its mission of transforming mobility assistance for patients with movement disorders.

Xcel Energy Inc. (NASDAQXEL) today reported 2024 GAAP earnings of $1.94 billion, or $3.44 per share, compared with $1.77 billion, or $3.21 per share in the same period in 2023 and ongoing earnings of $1.97 billion, or $3.50 per share, compared with $1.85 billion, or $3.35 per share in the same period in 2023. See Note 6 for reconciliation from GAAP to ongoing earnings.

Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, today reported financial results for the fourth quarter and full year ended December 31, 2024.

X-Energy Reactor Company, LLC (“X-energy”), a leader in advanced nuclear reactor and fuel technology, today announced the closing of its upsized Series C-1 financing round of $700 million. Segra Capital Management, Jane Street, Ares Management funds, Emerson Collective, and others join the previously announced round anchored by Amazon.com, Inc.’s (“Amazon”) Climate Pledge Fund, an affiliate of Citadel Founder and CEO Ken Griffin, affiliates of Ares Management Corporation, NGP, and the University of Michigan.

Mitel, a global leader in business communications, today announced the findings of a new survey conducted by analyst research firm Techaisle, which uncovered organizations’ communication trends and challenges. The findings point to a pivotal shift in mid-market and enterprise communications strategies, with an overwhelming 92% of respondents prioritizing a hybrid communications model that ensures flexibility to deliver a consistent communications and collaboration experience across their organizations. The research is based on interviews with business and IT decision-makers in the US, UK, France, and Germany.

Bigleaf Networks, a leading provider of hybrid network optimization solutions, is excited to announce its impressive win of 10 G2 Winter 2025 Awards, recognizing its excellence in delivering innovative SD-WAN solutions. This achievement underscores Bigleaf's commitment to enhancing business connectivity through reliable and user-friendly technology.

Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, today reported total trading volume for the month of January 2025 of $54.6 trillion (tn)1. Average daily volume (ADV) for the month was $2.44tn, an increase of 20.3 percent (%) year-over-year (YoY). Excluding the impact of the ICD acquisition, which closed on August 1, 2024, total ADV for the month of January was up 6.4% YoY.

The Open Group, the vendor-neutral technology standards organization, has today announced that Saudi Aramco has become its latest Platinum Member. In this capacity, Saudi Aramco will have the opportunity to expand its presence across The Open Group Forums, take a leadership position, and have representation on the Governing Board.

Onc.AI, a digital health company developing AI-driven oncology clinical management solutions using Deep Learning imaging AI, today announced that the U.S. Food and Drug Administration (FDA) has awarded Breakthrough Device Designation for its “Serial CTRS” (Serial CT Response Score) AI model. Serial CTRS is an artificial intelligence (AI)-based prognostic tool that uses deep learning to analyze CT scans and stratify patients into high- or low-mortality risk categories. This designation underscores the potential of Onc.AI’s pipeline of category-leading imaging AI models to provide an early and automated risk prognosis, enabling clinicians to optimize treatment decisions and surveillance of patients with metastatic non-small cell lung cancer.

Entegris, Inc. (NASDAQENTG), today reported its financial results for the Company’s fourth quarter ended December 31, 2024.

Hilton Worldwide Holdings Inc. ("Hilton," "the Company," "we," "us" or "our") (NYSEHLT) today reported its fourth quarter and full year 2024 results. Highlights include:

Lincoln Financial (NYSELNC) today reported financial results for the fourth quarter and full year ended December 31, 2024.

BankGuam Holding Company (BKGM: Pink Open Market) today announced that its Board of Directors approved a share repurchase program pursuant to which the Company may repurchase up to $500,000 of its outstanding common stock.

Further to the announcement on 03 February 2025, Piraeus Financial Holdings (hereinafter “Piraeus”) informs the investment community that it has agreed to enter into exclusive discussions with CVC Capital Partners' Fund VII (“CVC”) regarding the potential acquisition by Piraeus of a 70% stake in Ethniki Insurance for €469mn (the “Potential Transaction”).