Posts

Posted on

Watts Water Technologies, Inc. Announces Fourth Quarter and Full Year 2024 Earnings Release and Earnings Conference Call

Watts Water Technologies, Inc. Announces Fourth Quarter and Full Year 2024 Earnings Release and Earnings Conference Call

NORTH ANDOVER, Mass.–(BUSINESS WIRE)–
Watts Water Technologies, Inc. (NYSE: WTS) will hold a live webcast of its conference call to discuss Fourth Quarter and Full Year 2024 results on Tuesday, February 11, 2025, at 9:00 a.m. Eastern Standard Time. Watts Water Technologies, Inc. will announce its financial results for this period in a press release to be issued after market close on Monday, February 10, 2025.

This call can be accessed by visiting the Investor Relations section of the Company’s website at www.watts.com. Following the webcast, an archived version of the call will be available at the same address until February 10, 2026.

Watts Water Technologies, Inc., through its family of companies, is a global manufacturer headquartered in the USA that provides one of the broadest plumbing, heating, and water quality product lines in the world. Watts Water companies and brands offer innovative plumbing, heating, and water quality solutions to control the efficiency, safety, and quality of water within commercial, residential, and industrial applications. For more information visit www.watts.com.

Watts Water Technologies, Inc.

Diane McClintock

Senior Vice President FP&A and Investor Relations

Telephone: 978-689-6153

Email: [email protected]

KEYWORDS: United States North America Massachusetts

INDUSTRY KEYWORDS: Utilities Energy

MEDIA:

Logo
Logo
Posted on

CF Industries Holdings, Inc. Announces Planned Schedule for Quarterly Financial Results to be Released in 2025

CF Industries Holdings, Inc. Announces Planned Schedule for Quarterly Financial Results to be Released in 2025

NORTHBROOK, Ill.–(BUSINESS WIRE)–
CF Industries Holdings, Inc. (NYSE: CF) today announced that the Company plans to announce its quarterly financial results and hold conference calls to discuss the results on the following days in 2025:

  • Fourth Quarter 2024

    • Quarterly Financial Results: after the market close on Wednesday, February 19, 2025

    • Conference Call: Thursday, February 20, 2025, at 10:00 am ET
  • First Quarter 2025

    • Quarterly Financial Results: after the market close on Wednesday, May 7, 2025

    • Conference Call: Thursday, May 8, 2025, at 10:00 am ET
  • Second Quarter 2025

    • Quarterly Financial Results: after the market close on Wednesday, August 6, 2025

    • Conference Call: Thursday, August 7, 2025, at 10:00 am ET
  • Third Quarter 2025

    • Quarterly Financial Results: after the market close on Wednesday, November 5, 2025

    • Conference Call: Thursday, November 6, 2025, at 10:00 am ET

CF Industries will provide dial-in details for the earnings conference calls prior to the dates listed above through a press release and on the Investor Relations section of the Company’s website at www.cfindustries.com. Access to a webcast of the earnings conference calls will also be available on the Investor Relations section of the Company’s website.

About CF Industries Holdings, Inc.

At CF Industries, our mission is to provide clean energy to feed and fuel the world sustainably. With our employees focused on safe and reliable operations, environmental stewardship, and disciplined capital and corporate management, we are on a path to decarbonize our ammonia production network – the world’s largest – to enable green and low-carbon hydrogen and nitrogen products for energy, fertilizer, emissions abatement and other industrial activities. Our manufacturing complexes in the United States, Canada, and the United Kingdom, an unparalleled storage, transportation and distribution network in North America, and logistics capabilities enabling a global reach underpin our strategy to leverage our unique capabilities to accelerate the world’s transition to clean energy. CF Industries routinely posts investor announcements and additional information on the Company’s website at www.cfindustries.com and encourages those interested in the Company to check there frequently.

Media

Chris Close

Senior Director, Corporate Communications

847-405-2542 – [email protected]

Investors

Darla Rivera

Director, Investor Relations

847-405-2045 – [email protected]

KEYWORDS: United States North America Illinois

INDUSTRY KEYWORDS: Other Natural Resources Environment Sustainability Agriculture Alternative Energy Natural Resources Energy

MEDIA:

Logo
Logo
Posted on

Community Financial System, Inc. Announces Quarterly Dividend

Community Financial System, Inc. Announces Quarterly Dividend

SYRACUSE, N.Y.–(BUSINESS WIRE)–
Community Financial System, Inc. (NYSE: CBU) (the “Company”) announced that it has declared a quarterly cash dividend of $0.46 per share on its common stock. The dividend will be payable on April 10, 2025 to shareholders of record as of March 14, 2025. The $0.46 cash dividend represents an annualized yield of 3.0% based on the closing share price of $61.60 on January 14, 2025.

About Community Financial System, Inc.

Community Financial System, Inc. is a diversified financial services company that is focused on four main business lines – banking, employee benefit services, insurance services and wealth management services. Its banking subsidiary, Community Bank, N.A., is among the country’s 100 largest banking institutions with over $16 billion in assets and operates approximately 200 customer facilities across Upstate New York, Northeastern Pennsylvania, Vermont, and Western Massachusetts. The Company’s Benefit Plans Administrative Services, Inc. subsidiary is a leading provider of employee benefits administration, trust services, collective investment fund administration, and actuarial consulting services to customers on a national scale. The Company’s OneGroup NY, Inc. subsidiary is a top 75 U.S. insurance agency. The Company also offers comprehensive financial planning, trust administration and wealth management services through its Community Bank Wealth Management operating unit. The Company is listed on the New York Stock Exchange and the Company’s stock trades under the symbol CBU. For more information about the Company visit www.cbna.com or www.communityfinancialsystem.com.

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the current beliefs and expectations of CBU’s management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements. The following factors, among others, could cause the actual results of CBU’s operations to differ materially from its expectations: the macroeconomic and other challenges and uncertainties related to or resulting from recent bank failures; current and future economic and market conditions, including the effects on CRE and housing or vehicle prices, unemployment rates, high inflation, U.S. fiscal debt, budget and tax matters, geopolitical matters, and global economic growth; fiscal and monetary policies of the Federal Reserve Board; the potential adverse effects of unusual and infrequently occurring events; litigation and actions of regulatory authorities; management’s estimates and projections of interest rates and interest rate policies; the effect of changes in the level of checking, savings, or money market account deposit balances and other factors that affect net interest margin; future provisions for credit losses on loans and debt securities; changes in nonperforming assets; ability to contain costs in inflationary conditions; the effect on financial market valuations on CBU’s fee income businesses, including its employee benefit services, wealth management services, and insurance services businesses; the successful integration of operations of its acquisitions and performance of new branches; competition; changes in legislation or regulatory requirements, including capital requirements; and the timing for receiving regulatory approvals and completing pending merger and acquisition transactions. For more information about factors that could cause actual results to differ materially from CBU’s expectations, refer to its annual, periodic and other reports filed with the Securities and Exchange Commission (“SEC”), including the discussion under the “Risk Factors” section of such reports filed with the SEC and available on CBU’s website at www.communityfinancialsystem.com and on the SEC’s website at www.sec.gov. Further, any forward-looking statement speaks only as of the date on which it is made, and CBU undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events.

Joseph E. Sutaris,

EVP & Chief Financial Officer

Office: (315) 445-7396

KEYWORDS: New York United States North America

INDUSTRY KEYWORDS: Finance Banking Professional Services Asset Management Insurance

MEDIA:

Logo
Logo
Posted on

Invitation Homes Announces Dates for Fourth Quarter 2024 Earnings Release and Conference Call

Invitation Homes Announces Dates for Fourth Quarter 2024 Earnings Release and Conference Call

DALLAS–(BUSINESS WIRE)–
Invitation Homes Inc. (NYSE: INVH) (“Invitation Homes” or the “Company”), the nation’s premier single-family home leasing and management company, will release its fourth quarter 2024 financial and operating results on Wednesday, February 26, 2025, after the market closes. The Company will host a conference call that will be webcast live on Thursday, February 27, 2025, at 11:00 a.m. Eastern Time to review fourth quarter results, discuss recent events, and conduct a question-and-answer session. A link to the live webcast and related information will be available online from the Company’s investor relations website at www.invh.com. Following the conclusion of the earnings call, the Company will post a replay of the webcast to its website for one year.

Live Conference Call Details:

Domestic: 1-888-330-2384

International: 1-240-789-2701

Conference ID: 7714113

Webcast: www.invh.com

About Invitation Homes:

Invitation Homes, an S&P 500 company, is the nation’s premier single-family home leasing and management company, meeting changing lifestyle demands by providing access to high-quality, updated homes with valued features such as close proximity to jobs and access to good schools. The Company’s mission, “Together with you, we make a house a home,” reflects its commitment to providing homes where individuals and families can thrive and high-touch service that continuously enhances residents’ living experiences.

Investor Relations Contact:

Scott McLaughlin

844.456.INVH (4684)

[email protected]

Media Relations Contact:

Kristi DesJarlais

844.456.INVH (4684)

[email protected]

KEYWORDS: United States North America Texas

INDUSTRY KEYWORDS: Construction & Property Residential Building & Real Estate

MEDIA:

Logo
Logo
Posted on

Sezzle Provides Update to 2024 Guidance Ahead of Investor Conference

Minneapolis, MN, Jan. 15, 2025 (GLOBE NEWSWIRE) — Sezzle Inc. (NASDAQ:SEZL) (Sezzle or Company) // Purpose-driven digital payment platform, Sezzle, is pleased to provide updated guidance for FY2024 ahead of its attendance at the 27th Annual Needham Growth Conference on January 16, 2025. The Company anticipates exceeding 2024 revenue and income guidance provided in conjunction with its third-quarter 2024 earnings release.

“Exceptional holiday demand and the effective execution of our strategic initiatives fueled our fourth-quarter outperformance, and gives us confidence that we will exceed our prior 2024 guidance,” stated Charlie Youakim, Sezzle Chairman and CEO. “We’re encouraged by these positive trends, with credit losses aligning with expectations. We look forward to sharing our fiscal 2024 results at the end of February.”

  2023
Actual 		Prior 2024 Guidance FY2024 Projections
Total Revenue $159.4M 55% Growth Exceed
Total Revenue Less Transaction Related Costs1 as a % of Total Revenue 50.8% 55.0% Meet
Net Income $7.1M $71.5M Exceed
Net Income Per Diluted Share $1.25 $12.05 Exceed
Adjusted Net Income $5.6M $58.0M Exceed
Adjusted Net Income2 Per Diluted Share $0.99 $9.80 Exceed

The foregoing is based on the Company’s internal financial statements that have not been subject to audit or review by any third party. FY2024 financial results remain subject to standard year-end closing procedures, including final adjustments and audit by the Company’s independent registered public accounting firm. The Company will publish audited financial statements for FY2024 when it files its Annual Report on Form 10-K for the fiscal year 2024, which the Company anticipates filing at the end of February 2025.

Contact Information

Lee Brading, CFA

Investor Relations

+1 651 240 6001

[email protected]

Erin Foran

Media Enquiries

+1 651 403 2184

[email protected]

About Sezzle Inc.

Sezzle is a forward-thinking fintech company committed to financially empowering the next generation. Through its purpose-driven payment platform, Sezzle enhances consumers’ purchasing power by offering access to point-of-sale financing options and digital payment services—connecting millions of customers with its global network of merchants. Centered on transparency, inclusivity, and ease of use, Sezzle empowers consumers to manage spending responsibly, take charge of their finances, and achieve lasting financial independence.

For more information visit sezzle.com.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends affecting the financial condition of our business. Forward-looking statements include our expectations, whether stated or implied, regarding our financing plans and other future events.

Forward-looking statements generally can be identified by the use of words such as “anticipate,” “expect,” “plan,” “could,” “may,” “will,” “believe,” “estimate,” “forecast,” “goal,” “project,” other words or expressions of similar meaning (or the negative versions of such words or expressions). These forward-looking statements address various matters including statements regarding the timing or nature of future operating or financial performance or other events. Each forward-looking statement contained in this press release is subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statement. Applicable risks and uncertainties include, among others: impact of the “buy-now, pay-later” (“BNPL”) industry becoming subject to increased regulatory scrutiny; impact of operating in a highly competitive industry; impact of macro-economic conditions on consumer spending; our ability to increase our merchant network, our base of consumers and underlying merchant sales (UMS); our ability to effectively manage growth, sustain our growth rate and maintain our market share; our ability to maintain adequate access to capital in order to meet the capital requirements of our business; impact of exposure to consumer bad debts and insolvency of merchants; impact of the integration, support and prominent presentation of our platform by our merchants; impact of any data security breaches, cyberattacks, employee or other internal misconduct, malware, phishing or ransomware, physical security breaches, natural disasters, or similar disruptions; impact of key vendors or merchants failing to comply with legal or regulatory requirements or to provide various services that are important to our operations; impact of the loss of key partners and merchant relationships; impact of exchange rate fluctuations in the international markets in which we operate; our ability to protect our intellectual property rights and third party allegations of the misappropriation of intellectual property rights; our ability to retain employees and recruit additional employees; impact of the costs of complying with various laws and regulations applicable to the BNPL industry in the United States and Canada; and our ability to achieve our public benefit purpose and maintain our B Corporation certification. The Company cautions investors not to place considerable reliance on the forward-looking statements contained in this press release. You are encouraged to read the “Risk Factors” section contained in Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2023, and the Company’s subsequent filings with the U.S. Securities and Exchange Commission, available at www.sec.gov, for a discussion of these and other risks and uncertainties. The forward-looking statements in this press release speak only as of the date of this document, and the Company undertakes no obligation to update or revise any of these statements. The Company’s business is subject to substantial risks and uncertainties, including those referenced above. Investors, potential investors, and others should give careful consideration to these risks and uncertainties.

Non-GAAP Financial Measures

To supplement our operating results prepared in accordance with generally accepted accounting principles in the United States (“GAAP”), we present the following non-GAAP financial measures: Total revenue less transaction related costs; adjusted net income (loss); and adjusted net income (loss) per diluted share. Definitions of these non-GAAP financial measures and summaries of the reasons why management believes that the presentation of these non-GAAP financial measures provide useful information to the company and investors are as follows:

  • Total revenue less transaction related costs is defined as GAAP total revenue less transaction related costs. Transaction related costs is the sum of GAAP transaction expense, provision for credit losses, and net interest expense less certain non-recurring charges as detailed in the reconciliation table of GAAP operating income to non-GAAP total revenue less transaction related costs above. We believe that total revenue less transaction related costs is a useful financial measure to both management and investors for evaluating the economic value of orders processed on the Sezzle Platform.
  • Adjusted net income (loss) is defined as GAAP net income, adjusted for certain charges including the release of our deferred tax asset valuation allowance, fair value adjustments on warrants, losses on the extinguishment of our lines of credit, and other income and expense, as detailed in the reconciliation table of GAAP net income to adjusted net income (loss). We believe that this financial measure is useful for period-to-period comparisons of our business by removing the effect of certain charges that, in management’s view, does not correlate to the underlying performance of our business during a given period.
  • Adjusted net income (loss) per diluted share is defined as non-GAAP adjusted net income (loss) divided by GAAP weighted-average diluted shares outstanding. We believe that this financial measure is a useful measure for period-to-period comparisons of shareholder return by removing the effect of certain charges that, in management’s view, does not correlate to the underlying performance of our business during a given period.

Additionally, we have included these non-GAAP measures because they are key measures used by our management to evaluate our operating performance, guide future operating plans, and make strategic decisions, including those relating to operating expenses and the allocation of resources. Therefore, we believe these measures provide useful information to investors and other users of this press release to understand and evaluate our operating results in the same manner as our management and board of directors. However, non-GAAP financial measures have limitations, should be considered supplemental in nature, and are not meant as a substitute for the related financial information prepared in accordance with U.S. GAAP. These limitations include the following:

  • Total revenue less transaction-related costs is not intended to be measures of operating profit or cash flow profitability as they exclude key operating expenses such as personnel, general and administrative, and third-party technology and data, which have been, and will continue to be for the foreseeable future, significant recurring GAAP expenses.
  • Adjusted net income (loss and adjusted net income (loss) per diluted share excludes certain charges such as losses on the extinguishment of our lines of credit, fair value adjustments on our warrants, other income and expense, and the release of our deferred tax asset valuation allowance which have been, and may be in the future, recurring GAAP expenses.
  • Long-lived assets being depreciated or amortized may need to be replaced in the future, and these non-GAAP financial measures do not reflect the capital expenditures needed for such replacements, or for any new capital expenditures or commitments.
  • These non-GAAP financial measures do not reflect income taxes that may represent a reduction in cash available to us.
  • Non-GAAP measures do not reflect changes in, or cash requirements for, our working capital needs.
  • Other companies, including companies in our industry, may calculate the non-GAAP financial measures differently or not at all, which reduces their usefulness as comparative measures. 

Because of these limitations, you should not consider these non-GAAP financial measures in isolation or as substitutes for analysis of our financial results as reported under GAAP, and these non-GAAP financial measures should be considered alongside other financial performance measures, including net income and other financial results presented in accordance with GAAP. We encourage you to review the related GAAP financial measures and the reconciliations of these non-GAAP financial measures to their most directly comparable GAAP financial measures and not rely on any single financial measure to evaluate our business.


1. Total Revenue Less Transaction Related Costs is a non-GAAP financial measure. See Appendix for reconciliation.
2. Adjusted Net Income is a non-GAAP financial measure. See Appendix for reconciliation.

Attachment 



Erin Foran
Sezzle
6514032184
[email protected]

Posted on

Cohen & Steers, Inc. to Release Fourth Quarter and Full Year 2024 Results on January 22, 2025

PR Newswire


NEW YORK
, Jan. 15, 2025 /PRNewswire/ — Cohen & Steers, Inc. (NYSE: CNS) announced that it expects to release fourth quarter and full year 2024 results after the market closes on Wednesday, January 22, 2025. The earnings release and accompanying earnings presentation will be available on the company’s website at www.cohenandsteers.com under “Company—Investor Relations—Earnings Archive.”

The company will host a conference call on Thursday, January 23, 2025 at 10:00 a.m. (ET) with access available via webcast and telephone. Chief executive officer, Joseph Harvey, chief financial officer, Raja Dakkuri, and head of multi-asset solutions, Jeffrey Palma, will review the company’s operating results and outlook and be available for questions.

Investors and analysts can access the live conference call by dialing 800-715-9871 (U.S.) or +1-646-307-1963 (international); passcode: 8494569. Participants should plan to register at least 10 minutes before the conference call begins. A replay of the call will be available for two weeks starting approximately two hours after the conference call concludes and can be accessed at 800-770-2030 (U.S.) or +1-609-800-9909 (international); passcode: 8494569. Internet access to the webcast, which includes audio (listen-only), will be available on the company’s website at www.cohenandsteers.com under “Company—Investor Relations” under “Financials.” The webcast will be archived on the website for one month.

About Cohen & Steers. Cohen & Steers is a leading global investment manager specializing in real assets and alternative income, including listed and private real estate, preferred securities, infrastructure, resource equities, commodities, as well as multi-strategy solutions. Founded in 1986, the firm is headquartered in New York City, with offices in London, Dublin, Hong Kong, Tokyo and Singapore.

Cision View original content:https://www.prnewswire.com/news-releases/cohen–steers-inc-to-release-fourth-quarter-and-full-year-2024-results-on-january-22-2025-302352362.html

SOURCE Cohen & Steers, Inc.

Posted on

Talos Energy Announces Successful Drilling Results at the Katmai West #2 Well in the U.S. Gulf of Mexico

PR Newswire


HOUSTON
, Jan. 15, 2025 /PRNewswire/ — Talos Energy Inc. (“Talos” or the “Company”) (NYSE: TALO) today announced that the Katmai West #2 well located in the Ewing Bank area of the U.S Gulf of Mexico successfully encountered commercial quantities of oil and natural gas.

Key Highlights

  • The Katmai West #2 well was drilled significantly under budget and ahead of schedule to a true vertical depth of approximately 27,000 feet.
  • Encountered the primary target sand full-to-base with over 400 feet of gross hydrocarbon pay and excellent rock properties in line with pre-drill expectations.
  • Expected deliverability from the well is in line with pre-drill estimates of approximately 15 – 20 thousand barrels of oil equivalent per day (“MBoe/d”) gross.
  • The strong performance from Katmai West #1 well, and the successful appraisal from Katmai West #2 well, have nearly doubled the Proved EUR (estimated ultimate recovery) of Katmai West field to approximately 50 million barrels of oil equivalent (“MMBoe”) gross, which further affirms the company’s expected total resource potential of approximately 100 MMBoe gross.
  • First production is expected in the late second quarter 2025.

The drillship West Vela began drilling the Katmai West #2 well in late October 2024. Talos plans to case and suspend the well by late January 2025 while the Company finalizes completion plans to be executed in the second quarter 2025. Production is expected to start later that same quarter. The well will be connected to the existing subsea infrastructure that flows to the Tarantula facility, which has been expanded to increase capacity to 35 MBoe/d. Talos anticipates the Katmai wells will be rate-constrained under the upgraded capacity, allowing for extended flat-to-low decline production from the facility. Talos, as operator, holds a 50% working interest, with entities managed by Ridgewood Energy Corporation holding the other 50% in Katmai West field. Talos is the 100% owner and operator of the Tarantula facility.

Talos’s Interim Co-President, Executive Vice President and Head of Operations John Spath stated, “We are proud of our team for achieving these successful drilling results. Delivering this high-impact deepwater well, approximately 35% under budget and more than a month ahead of schedule, demonstrates our ability to efficiently execute complex projects while maintaining top safety and environmental standards. We remain optimistic about the greater Katmai area, as these results align with our pre-drill expectations about its gross resource potential. We look forward to having this well on production and believe it positions us for strong value creation as we move forward into 2025.”

ABOUT TALOS ENERGY

Talos Energy (NYSE: TALO) is a technically driven, innovative, independent energy company focused on maximizing long-term value through its Upstream Exploration & Production business in the United StatesGulf of Mexico and offshore Mexico. We leverage decades of technical and offshore operational expertise to acquire, explore, and produce assets in key geological trends while maintaining a focus on safe and efficient operations, environmental responsibility, and community impact. For more information, visit www.talosenergy.com.

INVESTOR RELATIONS CONTACT 

Clay Jeansonne
[email protected] 

CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS

This communication may contain “forward-looking statements” within the meaning of 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. All statements, other than statements of historical fact included in this communication, regarding our strategy, future operations, financial position, estimated revenues and losses, projected costs, prospects, plans and objectives of management are forward-looking statements. When used in this communication, the words “will,” “could,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” “forecast,” “may,” “objective,” “plan” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on our current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events.

We caution you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond our control. These risks include, but are not limited to, the successful development of and production from the prospects described herein; the uncertainty inherent in estimating reserves, resource potential and reservoir performance; the outcome of exploration and drilling efforts; environmental risks; drilling, geologic and other operating risks; the profitability and results of wells described herein; timely completion of development projects; technical or operating factors; the uncertainty inherent in projecting future rates of production and cash flows; our access to capital to finance such opportunities; implementing a successful drilling program and the other risks discussed in “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2023 and “Risk Factors” in our subsequent Quarterly Reports on Forms 10-Q filed with the U.S. Securities and Exchange Commission (the “SEC”).

Should one or more of the risks or uncertainties described herein occur, or should underlying assumptions prove incorrect, our actual results and plans could differ materially from those expressed in any forward-looking statements. All forward-looking statements, expressed or implied, included in this communication are expressly qualified in their entirety by this cautionary statement. This cautionary statement should also be considered in connection with any subsequent written or oral forward-looking statements that we or persons acting on our behalf may issue. Except as otherwise required by applicable law, we disclaim any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this communication.

PRODUCTION ESTIMATES

Estimates for our future production volumes are based on assumptions of capital expenditure levels and the assumption that market demand and prices for oil and gas will continue at levels that allow for economic production of these products. The production, transportation, marketing and storage of oil and gas are subject to disruption due to transportation, processing and storage availability, mechanical failure, human error, hurricanes and numerous other factors. Our estimates are based on certain other assumptions, such as well performance, which may vary significantly from those assumed. Therefore, we can give no assurance that our future production volumes will be as estimated.

RESERVE INFORMATION

Estimates of recoverable hydrocarbon volumes and related measures, including estimates of total resource potential, as presented herein are based on internal data prepared by the Company’s management team in reliance on several assumptions. Reserve engineering is a process of estimating underground accumulations of oil, natural gas and NGLs that cannot be measured in an exact way. The accuracy of any reserve estimate depends on the quality of available data, the interpretation of such data and price and cost assumptions made by reserve engineers. In addition, the results of drilling, testing and production activities may justify revisions upward or downward of estimates that were made previously. If significant, such revisions would change the schedule of any further production and development drilling. Accordingly, reserve estimates may differ significantly from the quantities of oil, natural gas and NGLs that are ultimately recovered. In addition, we use the term expected “total recoverable resource” in this release, which is not a measure of “reserves” prepared in accordance with SEC guidelines or permitted to be included in SEC filings. These resource estimates are inherently more uncertain than estimates of reserves prepared in accordance with SEC guidelines.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/talos-energy-announces-successful-drilling-results-at-the-katmai-west-2-well-in-the-us-gulf-of-mexico-302352361.html

SOURCE Talos Energy

Posted on

Kevin McAleenan Appointed CEO of BigBear.ai

Kevin McAleenan Appointed CEO of BigBear.ai

TYSONS CORNER, Va.–(BUSINESS WIRE)–BigBear.ai (NYSE: BBAI) today announced that the Board of Directors has appointed Kevin McAleenan as Chief Executive Officer and member of the Board of Directors, effective January 15, 2025, succeeding Mandy Long. Mandy Long will step down as Chief Executive Officer and from the Board of Directors, transitioning to serve as a Company advisor.

McAleenan currently serves as BigBear.ai’s President and has deep government and business experience working with U.S. national security agencies, including serving as Acting Secretary of the U.S. Department of Homeland Security (DHS) during the first Trump administration before founding Pangiam, which was subsequently bought by BigBear.ai in 2024.

Prior to Pangiam, McAleenan was Commissioner of U.S. Customs and Border Protection, where he focused on counterterrorism, border security and immigration enforcement, following almost two decades as a career official.

“Today marks an important next step for the business,” said Peter Cannito, Chair of the Board of Directors of BigBear.ai.

“The demand for differentiated artificial intelligence solutions to provide strategic advantage in government and business is strong and the combination of recent technological achievements and strategic contract awards have positioned BigBear.ai as a leading AI solutions provider focused on national security imperatives.

“Kevin is a proven leader with a track record of driving success through mission focus, technology and process innovation, and operational excellence. Having served at the highest levels of government, Kevin brings an intimate understanding of current national security priorities and the challenges faced by our mission partners, providing BigBear.ai with a deep understanding of how artificial intelligence can be most effectively leveraged to maximize impact. We are thrilled to welcome Kevin as CEO and confident in his ability to drive the company’s next phase of growth.

“All this would not have been possible without Mandy’s efforts over recent years in bringing innovative, cutting-edge AI technologies to market. The BigBear.ai product portfolio and financial position has been significantly enhanced as a direct result of her efforts. The Board is grateful for her contributions and the role she has played in shaping our strategy,” he concluded.

“It is an honor to step into the role of CEO at BigBear.ai,” said McAleenan. “The success of our customers depends on their ability to navigate complexity and act decisively in the most high-stakes environments. BigBear.ai is uniquely positioned to support these objectives with our domain expertise, and our cutting-edge technology. I look forward to working with this exceptional team to build on our successes and expand our ability to deliver AI-powered solutions in ways that make a meaningful impact for our customers, partners, and stakeholders.”

“It has been a privilege to lead such a talented and dedicated team of professionals over the past two and a half years. The future is bright for BigBear.ai and its mission to deliver clarity for the world’s most complex decisions,” said Mandy Long.

Executive Bio

Kevin McAleenan, CEO, BigBear.ai

Kevin most recently served as President of BigBear.ai, where he led teams offering cutting edge computer vision, simulation and modeling, with digital identity tools to support customers critical security and operational decisions. Kevin co-founded and led Pangiam as CEO and Chair of the Board until its acquisition by BigBear.ai, developing cutting edge biometric and AI products for security applications, for both government agencies and commercial customers.

Kevin brings experience from almost two decades of leadership in the U.S. Government to his role. He was the first career civil servant to be appointed and confirmed as Commissioner of U.S. Customs and Border Protection (CBP) in 2018, and he served most recently as Acting Secretary of the U.S. Department of Homeland Security (DHS) under President Donald Trump, where he led over 240,000 employees and oversaw operations at CBP, the Transportation Security Administration (TSA), the U.S. Coast Guard, the Cybersecurity and Infrastructure Security Agency (CISA), Secret Service, and others.

His past experiences include implementing innovations to the U.S. international arrival and departure process, developing comprehensive counterterrorism and risk management strategies, and overseeing the implementation of the U.S. government’s single window for international trade, a project that spanned over 4-dozen agencies. Kevin received several awards for his service and leadership including a Presidential Rank Award—the nation’s highest civil service award, a Service to America Medal, and multiple awards from travel and trade industry groups.

About BigBear.ai

BigBear.ai is a leading provider of AI-powered decision intelligence solutions for national security, digital identity, and supply chain management. Customers and partners rely on BigBear.ai’s artificial intelligence and predictive analytics capabilities in highly complex, distributed, mission-based operating environments. BigBear.ai is a public company traded on the NYSE under the symbol BBAI. For more information, visit https://bigbear.ai and follow BigBear.ai on LinkedIn: @BigBear.ai, and X: @BigBearai. To receive email communications from BigBear.ai, register here.

Forward-Looking Statement

This press release contains “forward-looking statements.” Such statements include, but are not limited to, statements regarding the intended use of proceeds from the private placement and may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company’s control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political, and legal conditions; risks related to the uncertainty of the projected financial information (including on a segment reporting basis); risks related to delays caused by factors outside of our control, including changes in fiscal or contracting policies or decreases in available government funding; changes in government programs or applicable requirements; budgetary constraints, including automatic reductions as a result of “sequestration” or similar measures and constraints imposed by any lapses in appropriations for the federal government or certain of its departments and agencies; influence by, or competition from, third parties with respect to pending, new, or existing contracts with government customers; our ability to successfully compete for and receive task orders and generate revenue under multiple award Indefinite Delivery Indefinite Quantity (IDIQ) contracts; potential delays or changes in the government appropriations or procurement processes, including as a result of events such as war, incidents of terrorism, natural disasters, and public health concerns or epidemics; and increased or unexpected costs or unanticipated delays caused by other factors outside of our control, such as performance failures of our subcontractors; risks related to the rollout of the business and the timing of expected business milestones; the effects of competition on our future business; our ability to issue equity or equity-linked securities in the future, and those factors discussed in the Company’s reports and other documents filed with the SEC, including under the heading “Risk Factors.” More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company’s filings with the SEC, including the Company’s Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC’s web site at http://www.sec.gov. The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise, except as required by law.

General/Sales: [email protected]

Investors: [email protected]

Media: [email protected]

KEYWORDS: Virginia United States North America

INDUSTRY KEYWORDS: Software Contracts Professional Services Data Management Technology Defense Artificial Intelligence Security Data Analytics Homeland Security Government Technology Public Policy/Government

MEDIA:

Logo
Logo
Posted on

DIAMONDROCK HOSPITALITY APPOINTS STEPHANIE LEPORI TO BOARD OF DIRECTORS

PR Newswire


BETHESDA, Md.
, Jan. 15, 2025 /PRNewswire/ — DiamondRock Hospitality Company (the “Company”) (NYSE: DRH) announced today that its Board of Directors (the “Board”) increased the size of the Board from eight to nine members and appointed Stephanie Lepori to the Board, effective January 15, 2025.

Ms. Lepori currently serves as Chief Administrative and Accounting Officer at Caesars Entertainment, Inc. (“Caesars”) where she has responsibility for accounting, shared services, SEC and other external reporting, payroll, budgeting, insurance placement and captive management, and Caesars’ internal collaboration between internal audit, compliance, and risk departments. She also oversees all functions of human resources, including labor relations, benefits, and compensation. In previous roles, she has had oversight of information technology. Since joining Caesars, formerly Eldorado Resorts, in 1995, Ms. Lepori’s leadership and financial management skills have played a significant role in numerous large-scale financing transactions and the execution of growth initiatives, including the acquisitions of other hospitality and gaming companies and platforms.  In addition to these large-scale transactions, she has played an integral role in numerous smaller single and multi-asset divestitures and purchases. Before joining Caesars, Ms. Lepori started her career with Arthur Andersen LLP in Las Vegas.

“We are very pleased to have Stephanie join our Board. With nearly three decades of experience in the hospitality and gaming industries, she brings a wealth of expertise in financial management, strategic growth, and operational leadership to the Board,” stated Jeffrey J. Donnelly, Chief Executive Officer of the Company.

Beyond her professional achievements, Ms. Lepori is passionate about community work and has served on several non-profit boards. She currently serves as a Community Board Member for the Truckee Meadows Boys and Girls Club and will serve as a Pacific Trustee for the Boys and Girls Club of America in 2025. Ms. Lepori also serves on the Board of Directors for Renown Health in Reno, NV, where she will chair the Audit and Compliance Committee in 2025.

Ms. Lepori earned a Bachelor of Science Degree in Accounting and Magna Cum Laude and Phi Beta Kappa honors from the University of Southern California and is a Certified Public Accountant.

About the Company

DiamondRock Hospitality Company is a self-advised real estate investment trust (REIT) that is an owner of a leading portfolio of geographically diversified hotels concentrated in leisure destinations and top gateway markets. The Company currently owns 37 premium quality hotels and resorts with over 10,000 rooms. The Company has strategically positioned its portfolio to be operated both under leading global brand families as well as independent boutique hotels in the lifestyle segment. For further information on the Company and its portfolio, please visit DiamondRock Hospitality Company’s website at www.drhc.com.

Cision View original content:https://www.prnewswire.com/news-releases/diamondrock-hospitality-appoints-stephanie-lepori-to-board-of-directors-302352360.html

SOURCE DiamondRock Hospitality Company

Posted on

UDR Announces Dates for Fourth Quarter and Full-Year 2024 Earnings Release and Conference Call

UDR Announces Dates for Fourth Quarter and Full-Year 2024 Earnings Release and Conference Call

DENVER–(BUSINESS WIRE)–UDR, Inc. (the “Company”) (NYSE: UDR), a leading multifamily real estate investment trust, announced today that it will release its fourth quarter and full-year 2024 financial results on Wednesday, February 5, 2025 after the market closes. A conference call will be held on Thursday, February 6, 2025 at 12:00 p.m. Eastern Time. The conference call will be open to the public.

During the conference call, company officers will review fourth quarter and full-year 2024 results, discuss recent events, and conduct a question-and-answer period. The question-and-answer period will be limited to registered financial analysts. All other participants will have listen-only capability.

To participate in the webcast:

Please go to UDR’s website at ir.udr.com at least 15 minutes prior to the scheduled start time in order to register, download and install any necessary audio software. A replay will also be available on UDR’s website.

To participate in the live telephone conference call, please dial one of the following numbers at least five minutes prior to the start time:

Domestic: 1-877-423-9813

International: 1-201-689-8573

To access a playback of the conference call through February 16, 2025, please use the following details:

Domestic: 1-844-512-2921

International: 1-412-317-6671

Passcode: 13751154

The full text of the earnings report and supplemental data will be available immediately following the earnings release to the wire services on February 5, 2025 at UDR’s investor relations website at ir.udr.com.

About UDR, Inc.

UDR, Inc. (NYSE: UDR), an S&P 500 company, is a leading multifamily real estate investment trust with a demonstrated performance history of delivering superior and dependable returns by successfully managing, buying, selling, developing and redeveloping attractive real estate properties in targeted U.S. markets. As of September 30, 2024, UDR owned or had an ownership position in 60,123 apartment homes. For over 52 years, UDR has delivered long-term value to shareholders, the best standard of service to residents and the highest quality experience for associates.

UDR, Inc.

Trent Trujillo

[email protected]

720-283-6135

 

KEYWORDS: United States North America Colorado

INDUSTRY KEYWORDS: Residential Building & Real Estate Construction & Property REIT

MEDIA:

Logo
Logo