IPG

Myriad Genetics Reports Strong Fourth Quarter and Full-Year 2023 Financial Results; Fourth Quarter Revenue of $197 Million and Full-Year Revenue of $753 Million Each Grew 11% Year-Over-Year; Delivered GAAP EPS of $(0.36) and Adjusted EPS of $0.04 in the F

Retrieved on: 
Tuesday, February 27, 2024
Acquisition, Breast cancer, Neoplasm, Cancer, SSO, Forecasting, MD, ASCO, Growth, GM, American College of Neuropsychopharmacology, Surgical oncology, Myriad Genetics, Society, Capital expenditure, GAAP, Genetics, American College, Health, Patient, Public expenditure, Women's health, MCRR, IPG, Video game

SALT LAKE CITY, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Myriad Genetics, Inc. (NASDAQ: MYGN), a leader in genetic testing and precision medicine, today announced financial results for its fourth quarter and full-year ended December 31, 2023 and provided its outlook on business performance for its first quarter and full-year 2024.

Key Points: 
  • GAAP operating expenses in the fourth quarter of 2023 were $166.4 million, decreasing $9.7 million year-over-year.
  • Adjusted operating expenses in the fourth quarter of 2023 decreased $8.6 million year-over-year to $130.0 million, reflecting incremental cost control measures during the fourth quarter 2023.
  • GAAP operating loss in the fourth quarter of 2023 was $31.4 million, improving $20.8 million year-over-year; adjusted operating income in the fourth quarter of 2023 was $5.7 million, improving $19.6 million year-over-year from adjusted operating loss of $13.9 million in the fourth quarter of 2022.
  • Fourth quarter 2023 GAAP cash flow from operations was $(55) million; adjusted cash flow from operations in the fourth quarter of 2023 was $14 million, an increase of $10 million year-over-year.

Huge Names Chidi Achara New Chief Product Officer

Retrieved on: 
Thursday, February 22, 2024
Engineering, Creative services, AI, Culture, Water, Growth, Nike, Simon Property Group, Virgin Voyages, MDC, Human, Ebony (magazine), Havas, Creativity, Planet Fitness, Imagica, KBS, IPG, LIVE, Black Enterprise, BBH, Management

In her first major action as CEO, Lisa De Bonis revealed that Chidi Achara will join Huge as Chief Product Officer, and Matt Weiss will be appointed Chief Brand Officer.

Key Points: 
  • In her first major action as CEO, Lisa De Bonis revealed that Chidi Achara will join Huge as Chief Product Officer, and Matt Weiss will be appointed Chief Brand Officer.
  • “With Chidi and Matt on our team, I believe we can now accelerate delivering unique and innovative solutions for our clients.”
    Achara brings a depth of product experience to Huge.
  • As Chief Product Officer, Achara’s mission is to scale collaboration across product innovation, design and engineering, and integrate AI technologies to accelerate growth for clients.
  • “Huge has built a business that’s proven to be as innovative as it is durable in an ever-changing market,” said Achara.

KINESSO Unveils Industry’s Most Cutting-Edge Solution to Optimize Campaign Performance in the Post-Cookie Era

Retrieved on: 
Friday, March 8, 2024
Technology, Other Communications, Marketing, Advertising, Communications, Search Engine Optimization, Search Engine Marketing, Telecommunications, Software, Artificial Intelligence, Internet, Data collection, Amazon, IPG, Meta, Heart, ETA, Face, Sales

KINESSO, the IPG Mediabrands technology-driven performance marketing agency within Interpublic Group (NYSE: IPG) announced today the launch of their Emerging Tech Assessment (ETA), a next-gen solution for brands looking to optimize campaign performance in a post-cookie world.

Key Points: 
  • KINESSO, the IPG Mediabrands technology-driven performance marketing agency within Interpublic Group (NYSE: IPG) announced today the launch of their Emerging Tech Assessment (ETA), a next-gen solution for brands looking to optimize campaign performance in a post-cookie world.
  • This proprietary offering is the most comprehensive offering of its kind, specifically designed to assess and mitigate potential performance risks for clients and marketers alike.
  • KINESSO has built a global solution that outshines competitor offerings through pioneering features that provide empowering and actionable insights, including evaluating digital spend holistically across channels.
  • For more information about the Emerging Tech Assessment and how KINESSO can help your business adapt to the digital advertising evolution, visit kinesso.com .

ATX Visium SBB Security Adapter Gains Traction in Commercial DIRECTV Installations

Retrieved on: 
Tuesday, March 5, 2024
Security, Satellite, Audio, Video, Other Technology, Telecommunications, TV and Radio, Networks, Internet, Building Systems, Hardware, Consumer Electronics, Technology, Entertainment, Mobile, Wireless, Commercial Building & Real Estate, Construction & Property, Lodging, Carriers and Services, Travel, Hospital, API, Evolve, Data compression, NACE, Frustration, Set-back box, DIRECTV, IPG, JSON, ATX, SBB, Cable television

ATX Networks, a global leader in broadband access and media distribution solutions, disclosed that the Visium™ Set-Back Box (SBB), the company’s pocketsize Pro:Idiom®-compatible security adapter, is now a preferred end-device for cost-efficiently elevating the in-room experience among resellers of DIRECTV’s satellite television service for hospitality and other commercial venues.

Key Points: 
  • ATX Networks, a global leader in broadband access and media distribution solutions, disclosed that the Visium™ Set-Back Box (SBB), the company’s pocketsize Pro:Idiom®-compatible security adapter, is now a preferred end-device for cost-efficiently elevating the in-room experience among resellers of DIRECTV’s satellite television service for hospitality and other commercial venues.
  • “The Visium SBB was already a great solution for enabling non-commercial televisions to display encryption-protected programming and support the latest compression technologies,” said Aaron Starr, president of NACE, Inc., a leading DIRECTV distributor and ATX business partner.
  • North American Cable Equipment (NACE) is a distribution specialist of satellite television system equipment and installation materials for the DIRECTV commercial market.
  • The ATX Visium SBB will be on display at Evolve 2024, NACE’s annual in-depth training and network event that begins March 11 in Las Vegas.

Visitors invited to Discover New Legendary Experiences in North Dakota

Retrieved on: 
Thursday, February 22, 2024
Olive, Honey bee, Conservatory, Farmers' Union, Multimedia, Flower, Friends, Female, Farmer, Grand Forks, North Dakota, Travel, Wave, School, Pembina River, The Wave, Beer, Family, Heart, IPG, EPIC, Athlete, Wetland, Water, Garden, Amusement park

From thrilling water parks to boutique hotels, the legendary experiences awaiting travelers promise to leave a lasting impression.

Key Points: 
  • From thrilling water parks to boutique hotels, the legendary experiences awaiting travelers promise to leave a lasting impression.
  • Visitors to the water park will see characters and scenes from the creation story depicted on murals and installations throughout the park.
  • The water park marks the first of many family-friendly attractions set to open in and around the Belcourt area.
  • For nearly 90 years, The International Peace Garden (IPG) has attracted and enthralled visitors from around the world.

Rockefeller Foundation Outlines 4 Ways to Scale JETPs

Retrieved on: 
Thursday, February 15, 2024
Rockefeller Foundation, International, E3G, G20, International financial institutions, Investment, G7, World Bank, African Development Bank, EDF, Asian Development Bank, Climate, COP, Republic, CSV, Environmental Defense Fund, Policy, Inter-American Development Bank, Primary energy, IPG, Negotiation, JETP, Wind, Renewable energy

NEW YORK, Feb. 15, 2024 /PRNewswire/ -- The Rockefeller Foundation released a roadmap to make Just Energy Transition Partnerships (JETPs) a more effective vehicle for transforming energy systems in low- and middle-income countries. "Scaling the JETP model – prospects and pathways for action" details lessons learned from the first wave of JETPs, identifies roadblocks to the current model, and proposes pathways to scaling JETPs in ways that benefit vulnerable communities. Specifically, The Rockefeller Foundation recommends piloting a new approach to JETPs in a country such as the Philippines, developing a more effective on-ramp for the next wave of interested countries, elevating the role of Multilateral Development Banks (MDBs) in the process, and broadening and deepening support from donor countries.

Key Points: 
  • NEW YORK, Feb. 15, 2024 /PRNewswire/ -- The Rockefeller Foundation released a roadmap to make Just Energy Transition Partnerships (JETPs) a more effective vehicle for transforming energy systems in low- and middle-income countries. "
  • Scaling the JETP model – prospects and pathways for action " details lessons learned from the first wave of JETPs, identifies roadblocks to the current model, and proposes pathways to scaling JETPs in ways that benefit vulnerable communities.
  • While JETPs are a political and financial innovation, the process to date has been slow, and the financing has failed to flow as quickly or at the scale initially promised.
  • Since 2022, The Rockefeller Foundation has collaborated with Climate Smart Ventures (CSV) to assess a possible JETP in the country.

IPG Photonics Announces Fourth Quarter 2023 Financial Results

Retrieved on: 
Tuesday, February 13, 2024
CW, OEM, Absorption, IPG Photonics, Share repurchase, Welding, Investment, News, 3D, Growth, Harbor, Automation, Policy, Public expenditure, IPG, EPS, Laser, Video game

MARLBOROUGH, Mass. , Feb. 13, 2024 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (Nasdaq: IPGP) today reported financial results for the fourth quarter ended December 31, 2023.

Key Points: 
  • "Fourth quarter revenue came in at the top of our expectations with higher sales in welding, cleaning, 3D printing and medical applications.
  • "In 2023, we focused on diversifying and growing our revenue outside of flat sheet cutting and away from China.
  • Fourth quarter revenue of $299 million decreased 10% year over year.
  • During the fourth quarter, IPG generated $106 million in cash from operations, and spent $25 million on capital expenditures and $64 million on share repurchases.

New ExlfilmPlus PCR Introduced as IPG’S Most Sustainable Polyolefin Shrink Film

Retrieved on: 
Monday, February 12, 2024
IPG, PCR, Recycling

ExlfilmPlus PCR is designed to meet the growing demand for more sustainable and circular packaging solutions, while delivering superior performance and quality.

Key Points: 
  • ExlfilmPlus PCR is designed to meet the growing demand for more sustainable and circular packaging solutions, while delivering superior performance and quality.
  • ExlfilmPlus PCR is a polyolefin shrink film that contains, at minimum, 10% certified post-consumer recycled content and 25% certified post-industrial recycled content.
  • IPG developed ExlfilmPlus PCR to be compatible with most existing shrink film equipment and applications.
  • It also maintains the high standards of shrink, clarity, strength and value customers expect from IPG's polyolefin shrink films.

Trexon Sells Industrial Products Group (IPG) to Amphenol Corporation

Retrieved on: 
Thursday, February 8, 2024
Electronic Design Automation, Data Management, Technology, Manufacturing, Other Technology, Other Manufacturing, Hardware, FEC, ICS, Amphenol, Electronics, Cable, Sale, Medicine, TPC, FKA, Semiconductor, IPG, EPG, Power connector

Trexon, a leading provider of specialized interconnectivity solutions, announced the sale of its Industrial Products Group (IPG) to Amphenol Corporation.

Key Points: 
  • Trexon, a leading provider of specialized interconnectivity solutions, announced the sale of its Industrial Products Group (IPG) to Amphenol Corporation.
  • The remaining business operations, comprising Trexon’s Engineered Products Group (EPG), will now operate solely as Trexon.
  • “We wish our former colleagues at IPG well and expect that the Industrial Products Group will continue its journey of profitable growth as part of the Amphenol family,” noted Mark Twaalfhoven, President and CEO of Trexon.
  • “I’m very excited to welcome TPC Wire & Cable [FKA: Trexon’s Industrial Products Group or IPG] to the Amphenol family.

Interpublic Increases Common Stock Dividend for Twelfth Consecutive Year and Announces New Share Repurchase Program

Retrieved on: 
Thursday, February 8, 2024
IPG, Share repurchase

The increase in the dividend from $0.31 to $0.33 per share represents a six percent increase to the Company’s quarterly dividend.

Key Points: 
  • The increase in the dividend from $0.31 to $0.33 per share represents a six percent increase to the Company’s quarterly dividend.
  • Additionally, the company's Board of Directors authorized a new program to repurchase, from time to time, up to $320 million of IPG common stock.
  • The authorization under the new program is in addition to any amounts remaining for repurchase under the program announced in 2023.
  • The share repurchase program has no expiration date.