GLT

Roadrunner CEO, Chris Jamroz, Earns 2024 Pros to Know Award

Retrieved on: 
Friday, March 8, 2024

CHICAGO, March 8, 2024 /PRNewswire/ -- Roadrunner, transportation's greatest comeback story, announced that Executive Chairman of the Board and CEO, Chris Jamroz, earned the 2024 Pros to Know Award. The award, from Supply & Demand Chain Executive, recognizes outstanding executives whose accomplishments offer a roadmap for other leaders looking to leverage the supply chain for competitive advantage.

Key Points: 
  • CHICAGO, March 8, 2024 /PRNewswire/ -- Roadrunner, transportation's greatest comeback story, announced that Executive Chairman of the Board and CEO, Chris Jamroz, earned the 2024 Pros to Know Award.
  • The award, from Supply & Demand Chain Executive, recognizes outstanding executives whose accomplishments offer a roadmap for other leaders looking to leverage the supply chain for competitive advantage.
  • "I'm thrilled and humbled to receive this award, but it's really about the outstanding team we've built at Roadrunner," said Chris Jamroz, Executive Chairman of the Board and CEO of Roadrunner.
  • "Many of today's supply chain pros are more than just leaders within their space; they're innovators, decision makers, pioneers of change and growth.

Building on solid FY 2023 results, Ipsen anticipates four launches in 2024

Retrieved on: 
Thursday, February 8, 2024

Ipsen ended the year with net cash of €65.1m, driven by solid free cash-flow generation of €710.9m.

Key Points: 
  • Ipsen ended the year with net cash of €65.1m, driven by solid free cash-flow generation of €710.9m.
  • Ipsen anticipates four commercial launches in 2024, following regulatory decisions for Onivyde in 1L PDAC in the U.S (H1), elafibranor in second-line PBC in the U.S. (H1) and in the E.U.
  • Ipsen has set the following financial guidance for FY 2024, which excludes any impact from potential late-stage external-innovation transactions:
    Total-sales growth greater than 6.0%, at constant currency.
  • The performance shown in this announcement covers the twelve-month period to 31 December 2023 (FY 2023) and the three-month period to 31 December 2023 (Q4 2023), compared to the twelve-month period to 31 December 2022 (FY 2022) and the three-month period to 31 December 2022 (Q4 2022), respectively, unless stated otherwise.

GLT Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of Glatfelter Corporation Is Fair to Shareholders

Retrieved on: 
Wednesday, February 7, 2024

Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of Glatfelter Corporation (NYSE: GLT) and Berry Global Group, Inc.’s Health, Hygiene and Specialties segment to include its Global Nonwovens and Films business is fair to Glatfelter shareholders.

Key Points: 
  • Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of Glatfelter Corporation (NYSE: GLT) and Berry Global Group, Inc.’s Health, Hygiene and Specialties segment to include its Global Nonwovens and Films business is fair to Glatfelter shareholders.
  • Upon completion of the proposed transaction, Glatfelter shareholders will own 10% of the combined company.
  • On behalf of Glatfelter shareholders, Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
  • Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct.

Berry Announces First Quarter 2024 Results

Retrieved on: 
Wednesday, February 7, 2024

As previously announced, Berry’s Board of Directors declared a quarterly cash dividend of $0.275 per share payable on March 15, 2024 to stockholders of record as of March 1, 2024.

Key Points: 
  • As previously announced, Berry’s Board of Directors declared a quarterly cash dividend of $0.275 per share payable on March 15, 2024 to stockholders of record as of March 1, 2024.
  • During the first quarter of fiscal 2024, Berry repurchased 106,000 shares for $7 million, leaving $435 million authorized for share repurchases at the end of the first fiscal quarter.
  • Upon the completion of the transaction, Berry is expected to own approximately ninety percent of the newly combined company.
  • (based on information available as of February 7, 2024)
    Cash flow from operations range of $1.35 - $1.45 billion; free cash flow range of $800-$900 million
    The Company will host a conference call today, February 7, 2024, at 10 a.m. U.S. Eastern Time to discuss our first fiscal quarter 2024 results.

Berry Global and Glatfelter Announce Plans for Tax-Free Spin-Off and Merger of Berry’s Health, Hygiene and Specialties Global Nonwovens and Films Business with Glatfelter, Creating a Global Specialty Materials Leader

Retrieved on: 
Wednesday, February 7, 2024

In September, Berry announced a review of strategic alternatives for its Health, Hygiene & Specialties (‘HH&S’) segment.

Key Points: 
  • In September, Berry announced a review of strategic alternatives for its Health, Hygiene & Specialties (‘HH&S’) segment.
  • Today's announcement is the culmination of a comprehensive review of strategic alternatives to determine the value-maximizing path forward for Berry shareholders.
  • For Glatfelter, the proposed transaction represents the next significant milestone in the Company’s time-tested strategy as a leading global supplier of specialty materials.
  • Today’s announcement is the first step in creating a pure-play leader in nonwovens and specialty materials well-positioned in growing, global markets.

Nordea launches Long Term Incentive Plan for 2024-2026

Retrieved on: 
Monday, February 5, 2024

Nordea Bank Abp's (Nordea) Board of Directors has today decided to continue the share-based Long Term Incentive Plan (LTIP) launched annually from 2020 for a new performance period covering the financial years 2024-2026.

Key Points: 
  • Nordea Bank Abp's (Nordea) Board of Directors has today decided to continue the share-based Long Term Incentive Plan (LTIP) launched annually from 2020 for a new performance period covering the financial years 2024-2026.
  • Nordea wants to ensure that management incentives are aligned with the shareholders' interests.
  • In support of this, the Board has decided to continue the share-based LTIP that has been approved and launched annually from 2020.
  • The LTIP shares will be delivered to the participants either through transfer of own shares held by Nordea or by issuing new shares.

Glatfelter Corporation to Report Earnings on February 22nd

Retrieved on: 
Friday, February 2, 2024

CHARLOTTE, N.C., Feb. 02, 2024 (GLOBE NEWSWIRE) -- Glatfelter Corporation (NYSE: GLT) announced today that it expects to issue its 2023 fourth-quarter results on Thursday, February 22, 2024.

Key Points: 
  • CHARLOTTE, N.C., Feb. 02, 2024 (GLOBE NEWSWIRE) -- Glatfelter Corporation (NYSE: GLT) announced today that it expects to issue its 2023 fourth-quarter results on Thursday, February 22, 2024.
  • Management will hold a conference call at 11:00 AM (ET) that morning to discuss the Company’s results.
  • Glatfelter’s earnings release and an accompanying financial supplement, which includes significant financial information to be discussed on the conference call, will be available on its Investor Relations website at https://www.glatfelter.com/investors .

Sontara® Announces Partnership with Tzuriel to Strengthen Brand Presence in Latin America

Retrieved on: 
Tuesday, January 30, 2024

This collaboration marks a significant step in advancing the Sontara® brand in Latin America.

Key Points: 
  • This collaboration marks a significant step in advancing the Sontara® brand in Latin America.
  • Tzuriel, known for its extensive experience and technical expertise in various specialty markets, will be supporting Sontara®'s sales and distribution efforts in South America.
  • The partnership includes the distribution of Sontara® materials across the region, tapping into Tzuriel's well-established network and logistics capabilities.
  • We are excited to partner with Tzuriel to deliver quality products and excellent service in Latin America that is associated with Glatfelter and the Sontara® brands."

Roadrunner Announces Largest LTL Expansion in Five Years: Launches Service to Canada and Portland, Adds 135 Lanes to the Roadrunner Smart Network and Receives Breakthrough Carrier of the Year Award from GLT Logistics

Retrieved on: 
Wednesday, January 31, 2024

Roadrunner also added an additional 135 lanes to its network, building upon recent new market openings in Kansas City, Denver, Richmond, and Las Vegas.

Key Points: 
  • Roadrunner also added an additional 135 lanes to its network, building upon recent new market openings in Kansas City, Denver, Richmond, and Las Vegas.
  • Roadrunner's new international service gives shippers ease of access to Canada's largest metro markets and, coupled with other network expansion, marks its most extensive new market openings in five years.
  • This network growth aligns with Roadrunner's strategy of providing premium LTL long-haul carrier service.
  • Roadrunner has received several other service quality awards from multiple shippers, including the Elite Carrier Award from Total Quality Logistics (TQL).

CNH streamlines Senior Leadership structure

Retrieved on: 
Tuesday, January 9, 2024

CNH announces a streamlining of its leadership structure.

Key Points: 
  • CNH announces a streamlining of its leadership structure.
  • Effective immediately, the Company is reducing the size of and realigning the Senior Leadership Team (SLT) which will henceforth be known as the Global Leadership Team (GLT).
  • This leaner structure is designed to deliver focused and accountable leadership, prioritizing the Company’s Business Segments.
  • “We are confident this enhanced leadership structure will better support our customers while augmenting operational efficiency and execution.