Category: Uncategorized

Posted on

Trinity Industries, Inc. Declares Quarterly Dividend

Trinity Industries, Inc. Declares Quarterly Dividend

DALLAS–(BUSINESS WIRE)–
Trinity Industries, Inc. (NYSE:TRN) has declared a quarterly dividend of 31 cents per share on its $0.01 par value common stock. The quarterly cash dividend, representing Trinity’s 248th consecutively paid dividend, is payable April 30, 2026 to stockholders of record on April 15, 2026.

About Trinity Industries

Trinity Industries, Inc., headquartered in Dallas, Texas, owns businesses that are leading providers of rail transportation products and services in North America. Our businesses market their railcar products and services under the trade name TrinityRail®. Our platform also includes the brands of RSI Logistics, a provider of software and logistics solutions, and Holden America, a supplier of railcar parts and components. Our platform provides railcar leasing and management services; railcar manufacturing; railcar maintenance and modifications; and other railcar logistics products and services. Trinity reports its financial results in two reportable business segments: (1) Railcar Leasing and Services Group, formerly the Railcar Leasing and Management Services Group, and (2) Rail Products Group. For more information, visit: www.trin.net.

Investor Contact:

Leigh Anne Mann

Vice President, Investor Relations

Trinity Industries, Inc.

(Investors) 214/631-4420

Media Contact:

Jack L. Todd

Vice President, Public Affairs

Trinity Industries, Inc.

(Media Line) 214/589-8909

KEYWORDS: Texas United States North America

INDUSTRY KEYWORDS: Other Manufacturing Machinery Other Transport Engineering Rail Logistics/Supply Chain Management Transport Manufacturing

MEDIA:

Posted on

Brilliant Earth Reports Record Quarterly Net Sales

Delivered 4% Y/Y Net Sales Growth 

Drove 34% Y/Y Bookings Growth in Fine Jewelry

Provides Q1 and Full Year Guidance 2026

SAN FRANCISCO, March 05, 2026 (GLOBE NEWSWIRE) — Brilliant Earth Group, Inc. (“Brilliant Earth” or the “Company”) (Nasdaq: BRLT), an innovative, global leader in ethically sourced fine jewelry, today announced financial results for the three and twelve months ended December 31, 2025.

Fourth Quarter and Fiscal Year 2025 Highlights (quarterly and annual periods
ended
December 31, 2025):

  • Delivered Net Sales of $124.4 million and $437.5 million in the fourth quarter and fiscal year, respectively.

    • Largest quarter ever of Net Sales
    • Total orders grew year-over-year 7% in Q4 and 13% in 2025
    • Repeat orders grew year-over-year 15% in Q4 and 13% in 2025
    • Average Selling Price (ASP) grew year-over-year across the assortment in Q4
  • Drove record quarterly fine jewelry bookings in Q4, with 34% year-over-year bookings growth, highlighting continued success in strategic assortment expansion beyond bridal heritage
  • Maintained strong Gross Margin of 55.9% and 57.5% in the fourth quarter and fiscal year, respectively, while navigating headwinds in precious metal prices and tariffs, demonstrating the agility of the Company’s business model
  • Drove 150 basis points of leverage in marketing expense as a percentage of Net Sales for both the fourth quarter and fiscal year as compared to the same prior year periods while continuing to make strategic investments in building brand awareness
  • Q4 and full year profitability above the midpoint of the Company’s Adjusted EBITDA guidance range:

    • GAAP Net loss of $1.3 million for the fourth quarter and net loss of $6.4 million for the fiscal year
    • Adjusted EBITDA was $4.2 million for the fourth quarter and $12.0 million for the fiscal year

“We closed our 20th anniversary year with our largest quarter of Net Sales in company history, delivering results that demonstrate our continued ability to gain market share and drive profitable growth. This quarter marks continued success in the strategic expansion of our assortment with fine jewelry bookings growing 34% year-over-year and reaching 23% of total bookings in the quarter,” said Beth Gerstein, Co-Founder and Chief Executive Officer of Brilliant Earth. “Our agility in achieving a strong gross margin despite metal headwinds and a challenging tariff environment, combined with continued marketing leverage, resulted in our Adjusted EBITDA landing above the midpoint of our guidance. As we enter the new year, I’m confident we are well positioned to continue outperforming the industry and gaining share in 2026.”

Fourth Quarter 2025 Results

   
Q4 2025
 		 
Q4 2024
 		 
% Change*
Total Orders   62,178   58,357   6.5%
AOV $ 2,001 $ 2,048   (2.3)%
($ in millions, except per share amounts)            
Net Sales $ 124.4 $ 119.5   4.1%
Gross Profit $ 69.5 $ 71.2   (2.4)%
Gross Margin   55.9%   59.6%   (370)bps
Net (loss) income allocable to Brilliant Earth Group, Inc.(1) $ (2.9) $ 0.4   (825.0)%
Net (loss) income, as reported $ (1.3) $ 2.6   151.3%
Net (loss) income margin   (1.1)%   2.2%   (330)bps
Adjusted net (loss) income(3) $ (5.7) $ 4.2   (235.7)%
GAAP Diluted EPS(2) $ (0.19) $ 0.02   (1050.0)%
Adjusted Diluted EPS(3) $ (0.06) $ 0.04   (250.0)%
Adjusted EBITDA(3) $ 4.2 $ 6.9   (39.1)%
Adjusted EBITDA margin(3)   3.3%   5.8%   (250)bps

*Percentage changes may not recalculate due to rounding
(1) Represents net (loss) income allocable to Brilliant Earth Group, Inc. during the fourth quarter of 2025 and 2024.
(2) Represents GAAP Diluted EPS during the fourth quarter of 2025 and 2024.
(3) Adjusted net (loss) income, Adjusted Diluted EPS, Adjusted EBITDA and Adjusted EBITDA margin are non-GAAP financial measures. See “Disclosure Regarding Non-GAAP Financial Measures and Key Metrics” for additional information on non-GAAP financial measures and a reconciliation to the most comparable GAAP measures.
   

Fiscal Year 2025 Results

   
FY 2025
 		 
FY 2024
 		 
% Change*
Total Orders   210,158   186,030   13.0%
AOV $ 2,082 $ 2,269   (8.2)%
($ in millions, except per share amounts)            
Net Sales $ 437.5 $ 422.2   3.6%
Gross Profit $ 251.5 $ 254.4   (1.1)%
Gross Margin   57.5%   60.3%   (280)bps
Net (loss) income allocable to Brilliant Earth Group, Inc. (1) $ (3.6) $ 0.5   (820.0)%
Net (loss) income, as reported $ (6.4) $ 4.0   (260.2)%
Net (loss) income margin   (1.5)%   0.9%   (240)bps
Adjusted net (loss) income (3) $ (3.3) $ 11.8   (128.0)%
GAAP Diluted EPS (2) $ (0.25) $ 0.03   (933.3)%
Adjusted Diluted EPS (3) $ (0.03) $ 0.12   (125.0)%
Adjusted EBITDA (3) $ 12.0 $ 21.1   (43.3)%
Adjusted EBITDA margin (3)   2.7%   5.0%   (230)bps

*Percentage changes may not recalculate due to rounding
(1) Represents net (loss) income allocable to Brilliant Earth Group, Inc. during the years ended December 31, 2025 and 2024.
(2) Represents GAAP Diluted EPS during the years ended December 31, 2025 and 2024.
(3) Adjusted net (loss) income, Adjusted Diluted EPS, Adjusted EBITDA and Adjusted EBITDA margin are non-GAAP financial measures. See “Disclosure Regarding Non-GAAP Financial Measures and Key Metrics” for additional information on non-GAAP financial measures and a reconciliation to the most comparable GAAP measures.
   

2026 Outlook

First Quarter

Net Sales Growth Positive Mid-single-digit % Y/Y
Adjusted EBITDA Margin Negative Mid-single-digit %
   

Full Year

Net Sales Growth Positive Mid-single-digit % Y/Y
Adjusted EBITDA $ Profitable, slightly lower than 2025
Outlook assumes metal prices as of March 4, 2026.
   

Webcast and Conference Call Information

Brilliant Earth will host a conference call and webcast to discuss fourth quarter and full year 2025 results and business outlook today, March 5, 2026, at 8:30 a.m. ET/5:30 a.m. PT. The webcast and accompanying slide presentation can be accessed at https://investors.brilliantearth.com. The conference call can be accessed by using the following link: https://register-conf.media-server.com/register/BI86a1508a419c4fd78bc21e1d3e28c8f4. After registering, an email will be sent including dial-in details and a unique conference call pin required to join the live call. A replay of the webcast will remain available on the website after the live webcast concludes.

About Brilliant Earth 
Brilliant Earth is an industry-disrupting global leader in ethically sourced fine jewelry. The Company’s mission since its founding in 2005 has been to create a more transparent, sustainable, and compassionate jewelry industry. With a premium brand, curated proprietary product assortment, seamless omnichannel shopping experience, and asset-light, data driven business model, Brilliant Earth is transforming the jewelry industry. The Company reported Net Sales of $437 million for the full year 2025. Headquartered in San Francisco, CA, Brilliant Earth has 42 showrooms and counting across the United States and has served customers in over 50 countries worldwide. 

Disclosure Regarding Non-GAAP Financial Measures and Key Metrics

In addition to the financial measures presented in this release in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”), the Company has included certain non-GAAP financial measures in this release, including Adjusted EBITDA, Adjusted Net (loss) income, Adjusted Diluted EPS and Adjusted EBITDA margin. These non-GAAP financial measures provide users of our financial information with useful information in evaluating our operating performance and exclude certain items from net income that may vary substantially in frequency and magnitude from period to period.

We define EBITDA as net (loss) income before interest, taxes, depreciation and amortization. We define Adjusted EBITDA as net (loss) income excluding interest expense, income taxes, depreciation expense, amortization of cloud-based software implementation costs, showroom pre-opening expense, equity-based compensation expense, certain non-operating expenses and income, and other unusual and/or infrequent costs, which that we do not consider in our evaluation of ongoing performance of our core operations. We define Adjusted EBITDA margin as Adjusted EBITDA calculated as a percentage of net sales. We believe that Adjusted EBITDA and Adjusted EBITDA margin, which eliminate the impact of certain expenses that we do not believe reflect our underlying business performance, provide useful information to investors to assess the performance of our business.

We define Adjusted Net (loss) income as net (loss) income adjusted for the impact of certain additional non-cash and other items that we do not consider in our evaluation of ongoing performance of our core operations. These items include showroom pre-opening expense, equity-based compensation expense, costs to fund the Brilliant Earth Foundation and transaction costs and other expenses. We define Adjusted Diluted Earnings Per Share as Adjusted Net (loss) income, divided by the diluted weighted average shares of common stock outstanding. The diluted weighted average shares of common stock outstanding is derived from the historical diluted weighted average shares of common stock assuming such shares were outstanding for the entirety of the period presented. We believe Adjusted Net (loss) income and Adjusted Diluted Earnings Per Share, which eliminate the impact of certain expenses that we do not believe reflect our underlying business performance, provide useful information to investors to assess the performance of our business.

Please refer to “GAAP to Non-GAAP Reconciliations” located in the financial supplement in this release for a reconciliation of GAAP to non-GAAP financial information.

This release includes forward-looking guidance for certain non-GAAP financial measures, including Adjusted EBITDA. These measures will differ from net (loss) income, determined in accordance with GAAP, in ways similar to those described in the reconciliations at the end of this release. We are not able to provide, without unreasonable effort, guidance for net income, determined in accordance with GAAP, or a reconciliation of guidance for Adjusted EBITDA to the most directly comparable GAAP measure because the Company is not able to predict with reasonable certainty the amount or nature of all items that will be included in net income.

This press release also contains certain key business metrics which are used to evaluate our business and growth trends, establish budgets, measure the effectiveness of our sales and marketing efforts, and assess operational efficiencies. We define net cash as cash and cash equivalents less the total principal balance of our outstanding debt. We define Bookings for each period as the dollar value of confirmed orders as of the date of order placement. We believe Bookings, which represent a measure of gross sales and potential future Net Sales, provide useful information to investors to assess the performance of our business. We define total orders as the total number of customer orders delivered less total orders returned in a given period (excluding those repair, resize, and other orders which have no revenue). We view total orders as a key indicator of the velocity of our business and an indication of the desirability of our products to our customers. Total orders, together with AOV, is an indicator of the net sales we expect to recognize in a given period. Total orders may fluctuate based on the number of visitors to our website and showrooms, and our ability to convert these visitors to customers. We believe that total orders is a measure that is useful to investors and management in understanding our ongoing operations and in an analysis of ongoing operating trends. We define average order value, or AOV, as net sales in a given period divided by total orders in that period. We define average selling price, or ASP, as the total retail sales price of products sold in a given period divided by the total number of product units sold during that same period. We believe that AOV and ASP are measures that are useful to investors and management in understanding our ongoing operations and in an analysis of ongoing operating trends. AOV varies depending on the product type and number of items per order. AOV and ASP may also fluctuate as we expand into and increase our presence in additional product types and price points, and open additional showrooms.

Forward-Looking Statements

This Press Release contains forward-looking statements. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). All statements other than statements of historical facts contained in this press release may be forward-looking statements. Statements regarding our future results of operations, financial position and our expectations regarding Net Sales, Adjusted EBITDA, Adjusted EBITDA Margin and growth rates are forward-looking statements. In some cases, you can identify forward-looking statements by terms, such as “ahead,” “anticipate,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “evolve,” “expect,” “future,” “intend,” “may,” “outlook'” “plan,” “potential,” “predict,” “seek,” “should,” “strategy,” “target,” “will,” or “would,” or the negative of these terms or other similar expressions. Accordingly, we caution you that any such forward-looking statements are not guarantees of future performance and are subject to risks, assumptions, and uncertainties that are difficult to predict. You should not rely upon forward-looking statements as predictions of future events. We have based these forward-looking statements largely on our current expectations and projections about future events and trends that we believe may affect our financial condition, results of operations, business strategy, short-term and long-term business operations and objectives, and financial needs. Although we believe that the expectations reflected in these forward-looking statements are reasonable as of the date made, actual results may prove to be materially different from the results expressed or implied by the forward-looking statements. These forward-looking statements are subject to a number of risks, uncertainties, and assumptions, including, but not limited to: fluctuations in the pricing and supply of diamonds, other gemstones, and precious metals, particularly responsibly sourced natural and lab-grown diamonds and repurposed precious metals such as gold; an overall decline in the health of the economy and other factors impacting consumer spending, such as recessionary or inflationary conditions, governmental instability, the impact of any changes in trade policy, including the imposition of new or increased tariffs on goods imported into the United States and any resulting retaliatory trade actions by other governments, war and fears of war, and natural disasters; if we fail to cost-effectively turn existing customers into repeat customers or acquire new customers; our rapid growth in recent years and limited operating experience at our current scale of operations; our ability to manage growth effectively; increased lead times, supply shortages, and supply changes; our expansion plans in the United States; our ability to compete in the fine jewelry retail industry; our ability to maintain and enhance our brand and to engage or expand our base of customers; our ability to effectively develop and expand our sales and marketing capabilities and increase our customer base and achieve broader market acceptance of our e-commerce and omnichannel approach to shopping for fine jewelry; our profitability and cash flow being negatively affected if we are not successful in managing our inventory balances and inventory shrinkage; a decline in sales of Design Your Own rings; our heavy reliance on our information technology systems, as well as those of our third-party vendors and service providers, for our business to effectively operate and to safeguard confidential information and risks related to any significant failure, inadequacy or interruption of these systems, security breaches or loss of data; the impact of environmental, social, and governance matters on our business and reputation; our ability to manage risks related to our e-commerce and omnichannel business; our ability to effectively anticipate and respond to changes in consumer preferences and shopping patterns; and introduce new products and programs that appeal to new or existing customers; our dependence on distributions from Brilliant Earth, LLC, our principal asset, to pay our taxes and expenses, including payments under the Tax Receivable Agreement; risks related to our obligations to make substantial cash payments under the Tax Receivable Agreement and risks related to our organizational structure; and the other risks, uncertainties and the factors described in the section titled “Risk Factors” in our Annual Report on Form10-K for the year ended December 31, 2024, which was filed with the SEC on March 13, 2025 and is available at www.sec.gov. We qualify all of our forward-looking statements by these cautionary statements. These forward-looking statements speak only as of the date of this press release. Except as required by applicable law, we undertake no obligation to update or revise any forward-looking statements contained in this press release, whether as a result of any new information, future events or otherwise.

Contacts:

Investors:

Colin Bourland
[email protected]

BRILLIANT EARTH GROUP, INC.
UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS
(Dollars in thousands, except per share amounts)
   
  Years ended December 31,
    2025       2024  
Net sales $ 437,483     $ 422,161  
Cost of sales   185,979       167,759  
Gross profit   251,504       254,402  
Operating expenses:      
Marketing and advertising   105,965       108,339  
General and administrative   150,915       142,713  
Total operating expenses   256,880       251,052  
(Loss) income from operations   (5,376 )     3,350  
Interest expense   (2,282 )     (5,031 )
Other income, net   3,668       5,835  
Gain on TRA liability adjustment   7,804       —  
Loss on extinguishment of debt   (573 )     —  
Income before income tax expense   3,241       4,154  
Income tax expense   (9,641 )     (160 )
Net (loss) income   (6,400 )     3,994  
Net (loss) income allocable to non-controlling interest   (2,765 )     3,453  
Net (loss) income allocable to Brilliant Earth Group, Inc. $ (3,635 )   $ 541  
       
Earnings per share:      
Basic $ (0.25 )   $ 0.04  
Diluted $ (0.25 )   $ 0.03  
Weighted average shares of common stock outstanding:      
Basic   14,752,634       13,304,227  
Diluted   14,752,634       98,352,924  

BRILLIANT EARTH GROUP, INC.
UNAUDITED CONSOLIDATED BALANCE SHEETS
(Dollars in thousands, except per share amounts)
   
  December 31,
    2025       2024  
Assets      
Current assets:      
Cash and cash equivalents $ 79,089     $ 161,925  
Restricted cash   349       216  
Inventories, net   53,238       38,292  
Prepaid expenses and other current assets   12,052       10,980  
Total current assets   144,728       211,413  
Property and equipment, net   19,622       21,626  
Deferred tax assets   —       9,636  
Operating lease right of use assets   31,879       35,222  
Other assets   4,674       3,348  
Total assets $ 200,903     $ 281,245  
       
Liabilities and stockholders’ equity      
Current liabilities:      
Accounts payable $ 24,804     $ 15,733  
Accrued expenses and other current liabilities   35,732       31,714  
Deferred revenue   22,671       18,926  
Current portion of operating lease liabilities   6,896       6,108  
Current portion of long-term debt   —       5,688  
Total current liabilities   90,103       78,169  
       
Long-term debt, net of debt issuance costs   —       50,010  
Operating lease liabilities   31,163       35,856  
Payable pursuant to the Tax Receivable Agreement   —       7,828  
Total liabilities   121,266       171,863  
       
Commitments and contingencies      
       
Stockholders’ equity      
Preferred stock, $0.0001 par value per share, 10,000,000 shares authorized, none issued and outstanding at December 31, 2025 and 2024, respectively   —       —  
Class A common stock, $0.0001 par value per share, 1,200,000,000 shares authorized; 16,092,701 shares issued and 15,518,024 shares outstanding at December 31, 2025 and 14,125,925 shares issued and 13,843,944 shares outstanding at December 31, 2024   2       1  
Class B common stock, $0.0001 par value per share, 150,000,000 shares authorized; 35,822,342 and 35,820,912 shares issued and outstanding at December 31, 2025 and 2024, respectively   4       4  
Class C common stock, $0.0001 par value per share, 150,000,000 shares authorized; 49,119,976 shares issued and outstanding at December 31, 2025 and 2024, respectively   5       5  
Class D common stock, $0.0001 par value per share, 150,000,000 shares authorized; none issued and outstanding at December 31, 2025 and 2024, respectively   —       —  
Additional paid-in capital   16,024       11,169  
Treasury stock, at cost; 574,677 shares and 281,981 shares at December 31, 2025 and 2024, respectively   (1,094 )     (638 )
Retained earnings   (2,640 )     4,788  
Stockholders’ equity attributable to Brilliant Earth Group, Inc.   12,301       15,329  
Non-controlling interests attributable to Brilliant Earth, LLC   67,336       94,053  
Total stockholders’ equity   79,637       109,382  
Total liabilities and stockholders’ equity $ 200,903     $ 281,245  






GAAP to Non-GAAP Reconciliations


(Unaudited and dollars in thousands, except per share amounts)

ADJUSTED EBITDA AND ADJUSTED EBITDA MARGIN
       
  Three months ended

December 31, 		  Years ended December 31,
    2025       2024       2025       2024  
Net (loss) income $ (1,348 )   $ 2,627     $ (6,400 )   $ 3,994  
Interest expense   —       1,204       2,282       5,031  
Income tax expense (benefit)   9,585       (62 )     9,641       160  
Depreciation expense   1,528       1,466       6,109       5,312  
Amortization of cloud-based software implementation costs   201       158       770       817  
Showroom pre-opening expense   174       484       1,248       1,705  
Equity-based compensation expense   1,967       2,398       8,920       9,934  
Other income, net(1)   (453 )     (1,359 )     (3,668 )     (5,835 )
Gain on TRA liability adjustment   (7,804 )     —       (7,804 )     —  
Loss on extinguishment of debt   —       —       573       —  
Other expenses(2)   300       —       300       —  
Adjusted EBITDA $ 4,150     $ 6,916     $ 11,971     $ 21,118  
Net (loss) income margin (1.1)
% 		    2.2 %   (1.5)
% 		    0.9 %
Adjusted EBITDA margin   3.3 %     5.8 %     2.7 %     5.0 %

(1) Other income, net consists primarily of interest and other miscellaneous income, partially offset by expenses such as losses on exchange rates on consumer payments.
(2) These expenses are those that we did not incur in the normal course of business.

ADJUSTED NET (LOSS) INCOME AND ADJUSTED DILUTED EARNINGS PER SHARE
       
  Three months ended
December 31, 		  Years ended December 31,
    2025       2024       2025       2024  
Net (loss) income attributable to Brilliant Earth Group, Inc., as reported

(1)
 		$ (2,896 )   $ 358     $ (3,635 )   $ 541  
Net income (loss) impact from assumed redemption of all LLC Units to common stock(2)   1,548       2,269       (2,765 )     3,453  
Net (loss) income, as reported   (1,348 )     2,627       (6,400 )     3,994  
Income tax (expense) benefit associated with conversion(3)   (401 )     (576 )     696       (878 )
Tax effected net (loss) income after assumed conversion   (1,749 )     2,051       (5,704 )     3,116  
Equity-based compensation expense   1,967       2,398       8,920       9,934  
Showroom pre-opening expense   174       484       1,248       1,705  
Gain on TRA liability adjustment   (7,804 )     —       (7,804 )     —  
Loss on extinguishment of debt   —       —       573       —  
Other expenses(4)   300       —       300       —  
Tax impact of adjustments   1,372       (725 )     (815 )     (2,960 )
Adjusted Net (Loss) Income $ (5,740 )   $ 4,208     $ (3,282 )   $ 11,795  
Diluted weighted average of common stock assumed outstanding   15,336,557       98,745,356       14,752,634       98,352,924  
Adjustments:              
Vested LLC Units that are exchangeable for common stock(5)   84,942,318       —       84,949,017       —  
Unvested LLC Units that are exchangeable for common stock(5)   —       —       1,153       —  
RSUs   770,670       —       344,517       —  
Adjusted diluted weighted average of common stock assumed outstanding   101,049,545       98,745,356       100,047,321       98,352,924  
               
Diluted earnings per share:              
As reported $ (0.19 )   $ 0.02     $ (0.25 )   $ 0.03  
As adjusted $ (0.06 )   $ 0.04     $ (0.03 )   $ 0.12  

(1) Represents net (loss) income allocable to Brilliant Earth Group, Inc. for the three and twelve months ended December 31, 2025 and 2024.
(2) It is assumed that we will elect to issue common stock upon redemption of LLC Units rather than cash settle.
(3) Brilliant Earth Group, Inc. is subject to U.S. Federal income taxes, in addition to state and local taxes with respect to its allocable share of any net taxable income of Brilliant Earth, LLC. Acquisition of LLC units by Brilliant Earth Group, Inc. causes all of the taxable income currently recognized by the members of Brilliant Earth, LLC to become taxable to the Company.
(4) These expenses are those we did not incur in the normal course of business.
(5) Assumes the exchange of all outstanding LLC units for shares of common stock, resulting in the elimination of the non-controlling interest and recognition of the net income (loss) attributable to non-controlling interest.



Posted on

Okta to Present at Upcoming Investor Conference

Okta to Present at Upcoming Investor Conference

SAN FRANCISCO–(BUSINESS WIRE)–
Okta, Inc. (Nasdaq: OKTA), the leading independent identity partner, today announced that a member of its management team is scheduled to participate in an upcoming investor conference.

Details for the event are as follows:

Morgan Stanley TMT Conference

Thursday, March 5, 2026

11:30 a.m. Pacific time (2:30 p.m. Eastern time)

The presentations at the Citibank and Goldman Sachs conferences will be webcast live on the investor relations section of Okta’s website at investor.okta.com. Replays of the presentation will be available on the website following the completion of each event.

About Okta

Okta, Inc. is The World’s Identity Company™. We secure AI, machine, and human identity so everyone is free to safely use any technology. Our customer and workforce solutions empower businesses and developers to protect their AI agents, users, employees, and partners while driving security, efficiencies, and innovation. Learn why the world’s leading brands trust Okta for authentication, authorization, and more at okta.com.

Okta uses its investor.okta.com and okta.com/blog websites (including the Security Blog, Okta Developer Blog, and Auth0 Developer Blog) as a means of disclosing material non-public information, announcing upcoming investor conferences and for complying with its disclosure obligations under Regulation FD. Accordingly, you should monitor our investor relations and okta.com/blog websites in addition to following our press releases, SEC filings and public conference calls, and webcasts.

Investor Contact:

Dave Gennarelli

[email protected]

Media Contact:

Will Stickney

[email protected]

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Security Data Management Technology Artificial Intelligence Software

MEDIA:

Logo
Logo
Posted on

LOTUS Appoints Piano Master Lang Lang as Friend of the Brand

NEW YORK, Feb. 06, 2026 (GLOBE NEWSWIRE) — Lotus Technology Inc. (“Lotus Tech” or the “Company”) (Nasdaq: LOT), a leading global intelligent and luxury mobility provider, today updated that LOTUS announced world-renowned pianist Lang Lang as its Friend of the Brand, marking a new partnership built on a shared pursuit of precision, performance, and excellence.

Recognized globally for his extraordinary technique and expressive artistry, Lang Lang has brought classical music to audiences across cultures and generations. His dedication to mastery through discipline and refinement closely mirrors LOTUS’s engineering philosophy, where every detail is shaped to deliver pure driving performance.

As a British sports car brand known for its heritage in lightweight design, aerodynamics and driver-focused handling, LOTUS has consistently pushed the boundaries of automotive innovation. This same commitment to precision and control lies at the heart of Lang Lang’s musical craft — from perfecting each note to delivering performances of exceptional emotional power.

Feng Qingfeng, Chief Executive Officer of Lotus Tech, commented: “True luxury is born from an uncompromising pursuit of excellence. Lang Lang’s lifelong dedication to his art reflects our passion for engineering cars that deliver the purest driving experience. We are proud to welcome him as Friend of the Brand and to share this journey together.”

Lang Lang added: “Music and driving both demand focus, passion and precision. I am delighted to join LOTUS as Friend of the Brand, and together we hope to inspire people to pursue what they love with confidence and enthusiasm.”

Reflecting the spirit of this collaboration, LOTUS partnered with British luxury fountain pen brand Onoto to create a limited-edition collection crafted from recycled aluminium sourced from iconic LOTUS Formula One cars — a symbol of heritage, craftsmanship and sustainable innovation.

Looking ahead, LOTUS and Lang Lang will explore creative collaborations across performance, design and lifestyle experiences worldwide, celebrating the intersection of artistic expression and engineering excellence.

About Lotus Technology Inc. 

Lotus Technology Inc. has operations across the UK, the EU and China. The Company is dedicated to delivering luxury lifestyle electric vehicles, with a focus on world-class R&D in next-generation automobility technologies such as electrification, digitalisation and more. For more information about Lotus Technology Inc., please visit www.group-lotus.com.

Forward-Looking Statements

This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expect”, “intend”, “will”, “estimate”, “anticipate”, “believe”, “predict”, “potential”, “forecast”, “plan”, “seek”, “future”, “propose” or “continue”, or the negatives of these terms or variations of them or similar terminology although not all forward-looking statements contain such terminology. Forward-looking statements involve inherent risks and uncertainties, including those identified under the heading “Risk Factors” in the Company’s filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and Lotus Technology Inc. undertakes no obligation to update any forward-looking statement, except as required under applicable law.

Contact Information

For investor inquiries
[email protected]



Posted on

Refresco to Acquire SunOpta for $6.50 Per Share in Cash

Refresco to Acquire SunOpta for $6.50 Per Share in Cash

Strategic combination expands Refresco’s North American capabilities

SunOpta common stockholders to receive $6.50 per share in cash

Expected to close in the second quarter of 2026, subject to customary closing conditions

ROTTERDAM, the Netherlands & MINNEAPOLIS–(BUSINESS WIRE)–
Refresco, the leading independent beverage solutions provider for preeminent global and local beverage brands in North America, Europe, and Australia, and SunOpta Inc. (“SunOpta”) (Nasdaq: STKL) (TSX:SOY), a North American supply chain solutions provider, today announced that they have entered into a definitive agreement under which Refresco has agreed to acquire SunOpta for $6.50 per share in cash.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260206542335/en/

Steve Presley, Chief Executive Officer of Refresco, said, “SunOpta represents an exceptional strategic addition to our portfolio and is consistent with our proven growth strategy to expand our capabilities into adjacent beverage categories. The acquisition of SunOpta is highly complementary and significantly broadens our position in the fast-growing plant-based beverages category. It further enhances our existing North American presence and capabilities, supporting a more balanced geographic footprint between North America and the rest of the world. Acquiring SunOpta enables us to further expand our offerings to our existing retailer and branded customers, while adding leading out‑of‑home customers and capabilities to Refresco that are aligned with our long-term value creation strategy. Finally, and most importantly, I am excited to welcome the SunOpta Team to the Refresco family.”

Brian Kocher, Chief Executive Officer of SunOpta, said, “This strategic combination validates our vision of transforming SunOpta into a premier solutions partner in the high-growth better-for-you food and beverage space. Over the past several years, we’ve built exceptional platforms serving marquee customers and consistently delivering double-digit growth while maintaining the highest food safety and quality standards. This partnership with Refresco provides the resources and scale to unlock SunOpta’s full potential. I’m incredibly proud of what our team has accomplished and excited about the opportunities ahead as we enter this next chapter of our growth journey.”

Additional Transaction Details

The transaction, which has been unanimously approved by the boards of directors of both companies, will be implemented by way of a statutory court-approved plan of arrangement under the Canada Business Corporations Act. It is expected to close in the second quarter of 2026, subject to satisfaction of customary closing conditions, including receipt of court and regulatory approvals and subject to SunOpta shareholder approval. Upon completion of the transaction, SunOpta will become a wholly owned subsidiary of Refresco and the shares of SunOpta will no longer be publicly traded. In light of the pending transaction, SunOpta is suspending its quarterly earnings conference calls and will no longer be providing quarterly or annual guidance.

Advisors

Lazard is serving as financial advisor to SunOpta and has delivered a fairness opinion to the board of directors of SunOpta. Faegre Drinker Biddle & Reath LLP and Davies Ward Phillips & Vineberg LLP are serving as SunOpta’s legal counsel.

Scotiabank is serving as financial advisor to the SunOpta Special Committee and has delivered a fairness opinion to the Special Committee. Wildeboer Dellelce LLP is serving as legal counsel to the SunOpta Special Committee.

Morgan Stanley & Co. LLC is serving as exclusive financial advisor to Refresco. Morgan Stanley Senior Funding, Inc. and KKR Capital Markets LLC have provided committed financing for the transaction. Simpson Thacher & Bartlett LLP and Bennett Jones LLP are serving as legal advisors to Refresco on the acquisition.

About SunOpta

SunOpta (Nasdaq: STKL) (TSX: SOY) delivers customized supply chain solutions and innovation for top brands, retailers and foodservice providers across a broad portfolio of beverages, broths and better-for-you snacks. With over 50 years of expertise, SunOpta fuels customers’ growth with high-quality, sustainability-forward solutions distributed through retail, club, foodservice and e-commerce channels across North America. For more information, visit www.sunopta.com or follow us on LinkedIn.

About Refresco

Refresco is the leading independent beverage solutions provider for preeminent global and local beverage brands, with production in North America, Europe, and Australia. Refresco offers an extensive range of product and packaging combinations from carbonated soft drinks, juices, RTD teas and mineral waters to energy drinks, sports drinks and plant-based beverages in carton, (Aseptic) PET, cans and glass. Refresco continuously searches for new and alternative ways to improve the quality of its products and packaging combinations in line with consumer and customer demand and environmental responsibilities. Refresco is headquartered in Rotterdam, the Netherlands and has more than 14,000 employees. For more information, please visit www.refresco.com.

Additional Information and Where to Find it.

In connection with the proposed transaction, SunOpta intends to file materials with the SEC and Canadian securities regulatory authorities, as applicable. SunOpta intends to file a notice of the special meeting of SunOpta’s shareholders and accompanying management information circular and proxy statement (the “Circular”) with the SEC on EDGAR at www.sec.gov and Canadian securities regulatory authorities under its profile on SEDAR+ at www.sedarplus.ca in connection with the solicitation of proxies to obtain shareholder approval. Following the filing of the Circular with the SEC and with Canadian securities regulatory authorities, SunOpta will mail the Circular to each shareholder of SunOpta entitled to vote at a special meeting of shareholders to be called to consider the transaction (the “Meeting”). This communication is not a substitute for the Circular or for any other document that SunOpta may file with the SEC or Canadian securities regulatory authorities or send to SunOpta’s shareholders in connection with the transaction. INVESTORS AND SECURITY HOLDERS OF SUNOPTA ARE URGED TO CAREFULLY AND THOROUGHLY READ THE CIRCULAR, AS MAY BE AMENDED OR SUPPLEMENTED FROM TIME TO TIME, AND OTHER RELEVANT DOCUMENTS FILED BY SUNOPTA WITH THE SEC OR CANADIAN SECURITIES REGULATORY AUTHORITIES, WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT SUNOPTA, THE TRANSACTION, THE RISKS RELATED THERETO AND RELATED MATTERS.

Shareholders of SunOpta will be able to obtain free copies of the Circular, as may be amended from time to time, and other relevant documents filed by SunOpta with the SEC and Canadian securities regulatory authorities (when they become available) through the website maintained by the SEC at www.sec.gov or under its profile on SEDAR+ at www.sedarplus.ca, as applicable. Copies of documents filed with the SEC by SunOpta will be available free of charge from SunOpta’s website at www.sunopta.com. Full details of the transaction will be described in the Circular, which is expected to be mailed to shareholders of SunOpta in March 2026. The Meeting is expected to be held in April 2026.

Participants in the Solicitation

SunOpta and certain of its directors, executive officers and other employees, under the SEC’s rules, may be deemed to be participants in the solicitation of proxies of SunOpta’s stockholders in connection with the transaction. Additional information regarding the interests of those participants and other persons who may be deemed participants in the transaction and their respective direct and indirect interests in the transaction, by security holdings or otherwise, will be included in the definitive Circular and other materials to be filed with the SEC in connection with the transaction (if and when they become available). Free copies of these documents may be obtained as described in the preceding paragraph.

Forward-Looking Statements

Certain statements in this press release concerning the proposed transaction, including any statements regarding the expected timetable for completing the transaction, the results, effects, benefits and synergies of the transaction, future opportunities for SunOpta, future financial performance and condition, guidance and any other statements regarding SunOpta’s future expectations, beliefs, plans, objectives, financial conditions, assumptions or future events or performance that are not historical facts are “forward-looking” statements based on assumptions currently believed to be valid. Forward-looking statements are all statements other than statements of historical facts. The words “anticipate,” “believe,” “ensure,” “expect,” “if,” “intend,” “estimate,” “probable,” “project,” “forecasts,” “predict,” “outlook,” “aim,” “will,” “could,” “should,” “would,” “potential,” “may,” “might,” “anticipate,” “likely” “plan,” “positioned,” “strategy,” and similar expressions or other words of similar meaning, and the negatives thereof, are intended to identify forward-looking statements. Specific forward-looking statements include, but are not limited to, statements regarding Refresco’s or SunOpta’s plans and expectations with respect to the proposed transaction and the anticipated impact of the proposed transaction on the combined company’s results of operations, financial position, growth opportunities and competitive position, including with respect to strategies and plans and integration; the expected benefits of the transaction, the anticipated timing and the various steps to be completed in connection with the transaction, including receipt of shareholder, court and regulatory approvals, the anticipated timing for closing of the transaction, SunOpta’s decision to suspend providing quarterly or annual guidance, the anticipated delisting of the shares from the TSX and NASDAQ, and SunOpta’s status as a reporting issuer under applicable securities laws. The forward-looking statements are intended to be subject to the safe harbor provided by Section 27A of the Securities Act, Section 21E of the Exchange Act and the Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws.

These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those anticipated, including, but not limited to, (1) risks related to the consummation of the transaction, including (a) the risks that shareholder approval may not be obtained on the expected timeline, or at all, (b) the risks that the parties fail to secure the termination or expiration of any waiting period applicable under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, or fail to receive any required approvals or clearances under any other applicable antitrust laws, (c) the risk that any other condition to closing may not be satisfied, (d) the risk that the closing of the transaction might be delayed or not occur at all, (e) the possibility that SunOpta fails to obtain the interim and final orders in respect of the transaction from the Ontario Superior Court of Justice (Commercial List) on the expected timeline, or at all, (f) the risk that all or part of Refresco’s financing may not become available, or (g) the possibility that the transaction may be more expensive to complete than anticipated, including as a result of unexpected factors or events; (2) the risk that the anticipated timing of mailing the Circular or the timing of the holding of the Meeting may not be possible or achieved; (3) the risk of any event, change or other circumstance that could give rise to the termination of the transaction agreement and the effects that any termination of the agreement may have on SunOpta and its business, including the risk that SunOpta’s share price may decline significantly if the proposed transaction is not completed, or the risk that the either Refresco or SunOpta may terminate the transaction agreement and SunOpta may be required to pay a termination fee to Refresco; (4) the effects that the announcement or pendency of the proposed transaction may have on SunOpta and its business, including the risks that as a result (a) SunOpta’s business, operating results or share price may suffer, (b) SunOpta’s current plans and operations may be disrupted, (c) SunOpta’s ability to retain or recruit key employees may be adversely affected, (d) SunOpta’s business relationships (including, customers and suppliers) may be adversely affected, or (e) SunOpta’s management’s or employees’ attention may be diverted from other important matters; (5) the effect of limitations that the transaction agreement places on SunOpta’s ability to operate its business, return capital to shareholders or engage in alternative transactions; (6) the risk of any litigation relating to the proposed transaction; (7) the risk of changes in governmental regulations or enforcement practices; and (8) the fact that operating costs and business disruption may be greater than expected following the public announcement or consummation of the transaction.

Additional factors that could cause results to differ materially from those described above can be found in SunOpta’s Annual Report on Form 10-K for the year ended December 28, 2024, and subsequent Quarterly Reports on Form 10-Q, which are on file with the SEC and available from SunOpta’s website at www.sunopta.com under the “Investor Relations” tab, and in other documents SunOpta files with the SEC and under its profile on the System for Electronic Document Analysis and Retrieval (“SEDAR+”).

All forward-looking statements speak only as of the date they are made and are based on information available at that time. SunOpta disclaims any obligation to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements were made or to reflect the occurrence of unanticipated events except as required by applicable securities laws. As forward-looking statements involve significant risks and uncertainties, caution should be exercised against placing undue reliance on such statements.

Source: SunOpta Inc.

Refresco Contacts:

Hendrik de Wit

Refresco

+31-615-86-1311

[email protected]

SunOpta Contacts:

Investor Relations:

Reed Anderson

ICR

646-277-1260

[email protected]

Media Relations:

Claudine Galloway

SunOpta

952-295-9579

[email protected]

KEYWORDS: Minnesota Netherlands North America United States Europe Canada

INDUSTRY KEYWORDS: Supply Chain Management Online Retail Retail Convenience Store Supermarket Food/Beverage

MEDIA:

Logo
Logo
Logo
Logo
Posted on

CSX Corp. Announces Fourth Quarter and Full Year 2025 Results

JACKSONVILLE, Fla., Jan. 22, 2026 (GLOBE NEWSWIRE) — CSX Corp. (NASDAQ: CSX) today announced fourth quarter 2025 operating income of $1.11 billion and net earnings of $720 million, or $0.39 per share. Fourth quarter operating income and earnings per share include approximately $50 million and $0.02, respectively, in expenses related to severance and rationalization of specific technology investments. In the fourth quarter of 2024, the company reported operating income of $1.11 billion and net earnings of $733 million, or $0.38 per share. Excluding a pre-tax, non-cash goodwill impairment charge, adjusted operating income was $1.21 billion and adjusted net earnings were $815 million, or $0.42 per share, in the prior year quarter.1

“Our quarterly results reflect the subdued industrial demand environment and actions taken to adjust our cost structure,” said Steve Angel, president and chief executive officer. “CSX has a strong operational foundation, and we are positioned to deliver improved financial performance in 2026 as we focus on driving productivity, cost control, and capital discipline while continuing to provide safe and reliable service.”

Fourth Quarter Financia
l Highlights

1

  • Revenue totaled $3.51 billion for the quarter, decreasing 1% year-over-year, as the effects of lower merchandise volume and reduced export coal revenue offset higher pricing in merchandise and intermodal, an increase in intermodal volume, and higher fuel surcharge revenue.
  • Operating income was $1.11 billion, compared to adjusted operating income of $1.21 billion in the prior year. Operating margin was 31.6%, compared to operating margin of 31.3% and adjusted operating margin of 34.3% in the fourth quarter of 2024.
  • EPS was $0.39, compared to adjusted EPS of $0.42 in the prior year.
  • Fourth quarter operating income and EPS include $50 million and $0.02, respectively, in severance and technology rationalization expense.

Full Year 2025 Financia
l Highlights

1

  • Revenue totaled $14.09 billion in 2025.
  • Operating income was $4.52 billion, and adjusted operating income was $4.69 billion, excluding a $164 million goodwill impairment charge in the third quarter. CSX’s operating margin was 32.1% for the full year, and adjusted operating margin was 33.2%.
  • EPS was $1.54, and adjusted EPS was $1.61.

CSX executives will conduct a conference call with the investment community this afternoon, Jan. 22, at 4:30 p.m. Eastern Time. Investors, media and the public may listen to the conference call by dialing 1-888-510-2008. For callers outside the U.S., dial 1-646-960-0306. Participants should dial in 10 minutes prior to the call and enter 3368220 as the passcode.

In conjunction with the call, a live webcast will be accessible and presentation materials will be posted on the company’s website at http://investors.csx.com. Following the earnings call, a webcast replay of the presentation will be archived on the company website.

This earnings announcement, as well as additional detailed financial information, is contained in the CSX Quarterly Financial Report available through the company’s website at http://investors.csx.com and on Form 8-K with the Securities and Exchange Commission.

1See the Non-GAAP Measures section of the quarterly financial report for non-GAAP reconciliations and additional information.

About CSX and its Disclosures

CSX, based in Jacksonville, Florida, is a premier transportation company. It provides rail, intermodal and rail-to-truck transload services and solutions to customers across a broad array of markets, including energy, industrial, construction, agricultural, and consumer products. For nearly 200 years, CSX has played a critical role in the nation’s economic expansion and industrial development. Its network connects every major metropolitan area in the eastern United States, where nearly two-thirds of the nation’s population resides. It also links more than 240 short-line railroads and more than 70 ocean, river and lake ports with major population centers and farming towns alike.

This announcement, as well as additional financial information, is available on the company’s website at http://investors.csx.com. CSX also uses social media channels to communicate information about the company. Although social media channels are not intended to be the primary method of disclosure for material information, it is possible that certain information CSX posts on social media could be deemed to be material. Therefore, we encourage investors, the media, and others interested in the company to review the information we post on X, formerly known as Twitter, (http://twitter.com/CSX) and on Facebook (http://www.facebook.com/OfficialCSX). The social media channels used by CSX may be updated from time to time. More information about CSX Corporation and its subsidiaries is available at www.csx.com.

Non-GAAP Disclosure

CSX reports its financial results in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP). CSX also uses certain non-GAAP measures that fall within the meaning of Securities and Exchange Commission Regulation G and Regulation S-K Item 10(e), which may provide users of the financial information with additional meaningful comparison to prior reported results. Non-GAAP measures do not have standardized definitions and are not defined by U.S. GAAP. Therefore, CSX’s non-GAAP measures are unlikely to be comparable to similar measures presented by other companies. The presentation of these non-GAAP measures should not be considered in isolation from, as a substitute for, or as superior to the financial information presented in accordance with GAAP.

Forward-looking Statements

This information and other statements by the company may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act with respect to, among other items: projections and estimates of earnings, revenues, margins, volumes, rates, cost-savings, expenses, taxes, liquidity, capital expenditures, dividends, share repurchases or other financial items, statements of management’s plans, strategies and objectives for future operations, and management’s expectations as to future performance and operations and the time by which objectives will be achieved, statements concerning proposed new services, and statements regarding future economic, industry or market conditions or performance. Forward-looking statements are typically identified by words or phrases such as “will,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate,” “preliminary” and similar expressions. Forward-looking statements speak only as of the date they are made, and the company undertakes no obligation to update or revise any forward-looking statement. If the company updates any forward-looking statement, no inference should be drawn that the company will make additional updates with respect to that statement or any other forward-looking statements.

Forward-looking statements are subject to a number of risks and uncertainties, and actual performance or results could differ materially from that anticipated by any forward-looking statements. Factors that may cause actual results to differ materially from those contemplated by any forward-looking statements include, among others: (i) the company’s success in implementing its financial and operational initiatives; (ii) changes in domestic or international economic, political or business conditions, including those affecting the transportation industry (such as the impact of industry competition, conditions, performance and consolidation); (iii) legislative or regulatory changes; (iv) the inherent business risks associated with safety and security; (v) the outcome of claims and litigation involving or affecting the company; (vi) natural events such as severe weather conditions or pandemic health crises; and (vii) the inherent uncertainty associated with projecting economic and business conditions.

Other important assumptions and factors that could cause actual results to differ materially from those in the forward-looking statements are specified in the company’s SEC reports, accessible on the SEC’s website at www.sec.gov and the company’s website at www.csx.com.

Contact:

Matthew Korn, CFA, Investor Relations
904-366-4515

Austin Staton, Corporate Communications
855-955-6397



Posted on

Pennsylvania American Water Asks Customers in 21 Counties to Reduce Nonessential Water Use During Drought Watch Declaration

PR Newswire

MECHANICSBURG, Pa., Jan. 20, 2026 /PRNewswire/ — Pennsylvania American Water is encouraging customers throughout portions of its statewide service territory to voluntarily reduce their water consumption in response to the drought watch declaration expansion announced recently by the Pennsylvania Department of Environmental Protection (DEP). While the company always encourages wise water use, Pennsylvania American Water is asking residents and businesses to voluntarily reduce their nonessential water use by 10-15% (a reduction of approximately 11-16 gallons per day) in accordance with DEP’s guidance.

“We’re asking our customers in affected areas to observe the DEP’s request and be mindful of their nonessential water use during this drought watch,” said Brandy Braun, director of water quality and environmental compliance for Pennsylvania American Water. “Our sources of supply are currently adequate to meet the needs of our customers, but we want to prepare for the potential for more severe conditions that could lead to stricter conservation measures in the future.” 

Of the 40 counties currently included in DEP’s drought watch declaration, 21 are within areas where Pennsylvania American Water provides water service. Those counties include Adams, Beaver, Berks, Butler, Chester, Clarion, Clearfield, Clinton, Cumberland, Indiana, Jefferson, Lackawanna, Lancaster, Lawrence, Lebanon, Monroe, Northampton, Pike, Schuylkill, Union and Washington.

Following a meeting of the Commonwealth Drought Task Force on Jan. 8, DEP expanded its existing 37-county drought watch declaration based on public water supply levels and data related to four indicators: precipitation, surface water flow, groundwater level and soil moisture. According to DEP, a drought watch declaration is the first and least severe level of the state’s three drought classifications. Learn more on DEP’s drought information webpage.

Pennsylvania American Water offers multiple water conservation resources in the Wise Water Use section of its website. It also is a member of the Alliance for Water Efficiency, which developed an online Water Use Calculator that allows visitors to input water use information specific to their household and offers tips on where they can save water and energy based on that data. The company also periodically shares water conservation tips and reminders with customers through email campaigns, bill enclosures and social media posts.

Below are tips for conserving water inside and outside the home: 

  • Run dishwashers and clothes washers only when they are full. If you have a water-saver cycle, use it.
  • Regularly check your toilet, faucets, and pipes for leaks with our free leak detection kits. If you find a leak, have it fixed as soon as possible.
  • Install water-saving showerheads, toilets and faucet aerators.
  • Consider water and energy-efficient appliances. Products and services that have earned the WaterSense label have been certified to be at least 20% more efficient while maintaining performance.
  • Turn off the tap while brushing your teeth or washing dishes in the sink.
  • Water your lawn only when it needs it. When you do, water in the early morning or evening to reduce evaporation.
  • Use a broom instead of a hose to clean your sidewalk, driveway or patio.
  • Set up a rain barrel to be ready to repurpose rain when it does fall. For information, see this Penn State Extension guide.

About American Water 
American Water (NYSE: AWK) is the largest regulated water and wastewater utility company in the United States. With a history dating back to 1886, We Keep Life Flowing® by providing safe, clean, reliable and affordable drinking water and wastewater services to more than 14 million people with regulated operations in 14 states and on 18 military installations. American Water’s 6,700 talented professionals leverage their significant expertise and the company’s national size and scale to achieve excellent outcomes for the benefit of customers, employees, investors and other stakeholders.  

For more information, visit amwater.com and join American Water on LinkedIn, Facebook, X and Instagram.

About Pennsylvania American Water 

Pennsylvania American Water, a subsidiary of American Water, is the largest regulated water utility in the state with 1,200 dedicated employees working to provide safe, clean, reliable and affordable water and wastewater services to approximately 2.4 million people.  

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/pennsylvania-american-water-asks-customers-in-21-counties-to-reduce-nonessential-water-use-during-drought-watch-declaration-302665394.html

SOURCE American Water

Posted on

American Public Education, Inc. to Participate in The Oppenheimer 11th Annual Emerging Growth Conference

PR Newswire

CHARLES TOWN, W.Va., Jan. 20, 2026 /PRNewswire/ — American Public Education, Inc. (the “Company”) (Nasdaq: APEI), a company which transforms lives, advances careers and improves communities by providing online and campus-based postsecondary education to approximately 109,000 students, today announced that Angela Selden, President & Chief Executive Officer, Edward Codispoti, Chief Financial Officer, and Gary Janson, SVP Strategy & Growth will participate in the Oppenheimer 11th Annual Emerging Growth Conference, taking place virtually on Tuesday & Wednesday, February 3-4, 2026.

Management will be available for virtual one-on-one meetings with investors throughout both days. For conference details or to schedule a one-on-one meeting, please contact your Oppenheimer representative or investor relations at [email protected].

About American Public Education

American Public Education, Inc. (Nasdaq: APEI), through its institutions, American Public University System, or APUS, Rasmussen University, and Hondros College of Nursing, provides education that transforms lives, advances careers, and improves communities.

APUS, which operates through American Military University and American Public University, is the leading educator to active-duty military and veteran students* and serves approximately 88,700 adult learners worldwide via accessible and affordable higher education.

Rasmussen University is a 125-year-old nursing and health sciences-focused institution that serves approximately 15,900 students across its 20 campuses in six states and online. It also has schools of Business, Technology, Design, Early Childhood Education and Justice Studies.

Hondros College of Nursing focuses on educating pre-licensure nursing students at eight campuses (six in Ohio, one in Indiana, and one in Michigan). It is the largest educator of PN (LPN) nurses in the state of Ohio** and serves approximately 4,000 total students.

Both APUS and Rasmussen University are institutionally accredited by the Higher Learning Commission (HLC), an institutional accreditation agency recognized by the U.S. Department of Education. Hondros College of Nursing is accredited by the Accrediting Bureau of Health Education Schools (ABHES).    

*Based on FY 2023 Department of Defense tuition assistance data, as reported by Military Times, and Veterans Administration student enrollment data as of 2024.

**Based on information compiled by the National Council of State Boards of Nursing and Ohio Board of Nursing.

Company Contact
Frank Tutalo
Director, Public Relations
American Public Education, Inc.
[email protected]
571-358-3042

Investor Relations

Shannon Devine
MZ North America
Direct: 203-858-1945
[email protected]

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/american-public-education-inc-to-participate-in-the-oppenheimer-11th-annual-emerging-growth-conference-302664869.html

SOURCE American Public Education, Inc.

Posted on

ADP National Employment Report Preliminary Estimate December 27, 2025

PR Newswire

ROSELAND, N.J., Jan. 20, 2026 /PRNewswire/ — For the four weeks ending December 27, 2025, U.S. private employers added an average of 8,000 jobs per week, according to the NER Pulse, a weekly update of the monthly ADP National Employment Report (NER). 

The last week of 2025 showed a modest slowdown in hiring. These numbers are preliminary and could change as new data is added.

Week ending

Change

(Four-week moving
average, seasonally
adjusted)

12/27/2025

8,000

12/20/2025

11,250

12/13/2025

10,250

12/6/2025

8,750

11/29/2025

13,250

11/22/2025

3,750

11/15/2025

-8,500

11/8/2025

-11,750

11/1/2025

-7,500

10/25/2025

-4,750

10/18/2025

11,500

10/11/2025

10,250

The NER Pulse is an estimate of the week-over-week change in employment based on a four-week moving average. These estimates are based on ADP’s finely tuned, high-frequency data. The data are seasonally adjusted and have a two-week lag to allow for more complete and accurate estimates of real-time employment trends.

The NER Pulse, including 12 weeks of historical data, publishes every Tuesday at 8:15 a.m. ET, except weeks when ADP Research publishes the monthly National Employment Report which is built on a reference week that includes the 12th day of the month. The press release is available Tuesdays at 8:15 a.m. ET in the ADP Media Center. The NER Pulse is also available shortly after 8:15 a.m. ET on release days at ADP Research and in Main Street Macro.

The next NER Pulse will be released January 27, 2026. For upcoming release dates please refer to the calendar on the NER website.

The ADP National Employment Report and the NER Pulse are produced by ADP Research in collaboration with the Stanford Digital Economy Lab.

About ADP Research
The mission of ADP Research is to make the future of work more productive through data-driven discovery. Companies, workers, and policy makers rely on our finely tuned data and unique perspective to make informed decisions that impact workplaces around the world.

To subscribe to monthly email alerts or obtain additional information about ADP Research, including employment and pay data, methodology, and a calendar of release dates, please visit https://www.adpresearch.com.

About ADP (NASDAQ: ADP)
ADP has been shaping the world of work with innovation and expertise for more than 75 years. As a global leader in HR and payroll solutions, ADP continuously works to solve business challenges for our clients and their workers, from simple, easy-to-use tools for small businesses to fully integrated platforms for global enterprises – and everything in between. Always Designing for People means we’re focused on just that – people. We use our unmatched AI-driven insights and proven expertise to design innovative solutions that help people achieve greater success at work. More than 1.1 million clients across 140+ countries rely on ADP’s exceptional service to support their people and drive their business forward. HR, Talent, Time Management, Benefits, Compliance, and Payroll. Learn more at ADP.com.

ADP, the ADP logo, and Always Designing for People, ADP National Employment Report, and ADP Research are registered trademarks of ADP, Inc. All other marks are the property of their respective owners.

Copyright © 2026 ADP, Inc. All rights reserved.

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/adp-national-employment-report-preliminary-estimate-december-27-2025-302664969.html

SOURCE ADP, Inc.

Posted on

ALT5 Sigma Corporation Restores Compliance with Nasdaq Periodic Filing Requirements

ALT5 Sigma Corporation Restores Compliance with Nasdaq Periodic Filing Requirements

LAS VEGAS–(BUSINESS WIRE)–ALT5 Sigma Corporation (the “Company” or “ALT5”) (NASDAQ: ALTS)(FRA: 5AR1) today announced that it received a notification letter (the “Letter”) from The Nasdaq Stock Market LLC (“Nasdaq”), indicating that it has regained compliance with the periodic filing requirements of The Nasdaq Stock Market under Listing Rule 5250(c)(1). As a result, Nasdaq has closed the matter, and the Company remains in good standing with respect to its Nasdaq filing listing requirements.

“We are pleased that this matter has been resolved and that the Company is once again back in compliance regarding its Financials late filing delinquency as per Nasdaq’s listing standards,” said Tony Isaac, President and CEO. “This filing represents our commitment to maintaining the highest standards of corporate governance and transparency. We take our regulatory obligations seriously, and we’re pleased to have completed this important milestone while delivering strong operational results for our stockholders.”

On November 19, 2025, the Company was notified by Nasdaq staff that it was not in compliance with the Rule due to the delayed filing of its periodic report. Following the January 12, 2026 filing of its Form 10-Q for the period ending September 27, 2025, Nasdaq staff determined that the Company now complies with the Rule again.

About ALT5 Sigma Corporation

ALT5 Sigma Corporation (NASDAQ: ALTS) (FRA:5AR1) is a fintech company with a strategic $WLFI digital asset treasury strategy initiative and established global payments, trading, and settlement infrastructure, including card-based programs supporting crypto-to-fiat and fiat-to-crypto transactions. Since the inception of the Company’s processing platforms in 2018, the Company has leveraged its blockchain infrastructure expertise and proven track record of processing over $8 billion in cryptocurrency transactions to optimize its digital asset treasury operations and capitalize on growing $WLFI ecosystem developments across retail platforms, payment integrations, and international market expansion.

Forward-looking Statements

This press release contains statements that are forward-looking statements as defined within the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements relating to adoption of the $WLFI token, $WLFI’s potential initiatives, the positioning of the Company in the digital asset treasury sector, the availability of $WLFI for trading on crypto exchanges, the profitability and prospective growth of ALT5’s platforms and business that may include, but are not limited to, international currency risks, third-party or customer credit risks, liability claims stemming from ALT5’s services, and technology challenges for future growth or expansion. This press release also contains general statements, including words such as “continue”, “expect”, “intend”, “will”, “hope”, “should”, “would”, “may”, “potential”, and other similar expressions. Such statements reflect the Company’s current view with respect to future events, are subject to risks and uncertainties, and are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political, and social uncertainties, and contingencies. This press release, unlike other releases of the Company, does not contain statements regarding potential separation plans of the Company’s biotech business in respect of which the reader should review previous releases for forward-looking statements and previous filings with the SEC for specific risk factors related to such potential separation.

Many factors could cause the Company’s actual results, performance, or achievements to be materially different from any future results, performance or achievements described in this press release. Such factors could include, among others, changes in the value of $WLFI tokens and other risks detailed in the Company’s periodic reports filed with the Securities and Exchange Commission (the “SEC”). Should one or more of these risks or uncertainties materialize, or should the assumptions set out in the section entitled “Risk Factors” in the Company’s filings with the SEC underlying those forward-looking statements prove incorrect, actual results may vary materially from those described herein. These forward-looking statements are made as of the date of this press release and the Company does not intend, and does not assume any obligation, to update these forward-looking statements, except as required by law. The Company cannot assure that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Individuals are cautioned that forward-looking statements are not guarantees of future performance and accordingly investors are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty therein.

Media/Investor Relations

[email protected]

KEYWORDS: Nevada United States North America

INDUSTRY KEYWORDS: Professional Services Blockchain Technology Cryptocurrency Finance Fintech Digital Cash Management/Digital Assets

MEDIA: