FEP

Ampco-Pittsburgh Corporation (NYSE: AP) Announces Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Monday, March 25, 2024
Engineering, Machine Tools, Metalworking & Metallurgy, Manufacturing, Steel, FEP, AP, Absorption, Asbestos, Corporation, Internet, Policy, Insurance, Ampco Pittsburgh, Credit, Interest, Cryptocurrency

Both the Asbestos-Related Charge and the Asbestos-Related Credit are recorded in the Air and Liquid Processing segment’s operating results for the applicable periods.

Key Points: 
  • Both the Asbestos-Related Charge and the Asbestos-Related Credit are recorded in the Air and Liquid Processing segment’s operating results for the applicable periods.
  • Segment operating results for the three months ended December 31, 2023, improved compared to the prior year primarily due to higher shipment volumes.
  • Ampco-Pittsburgh Corporation will hold a conference call on March 26, 2024, at 10:30 a.m. Eastern Time (ET) to discuss its financial results for the fourth quarter and fiscal year ended December 31, 2023.
  • The Corporation encourages participants to pre-register at any time, including up to and after the call start time via this link: https://dpregister.com/sreg/10186688/fbaa9e10c0 .

Schrödinger Reports Strong Fourth Quarter and Full-Year 2023 Financial Results

Retrieved on: 
Wednesday, February 28, 2024
Apps, Applications, Technology, Medical Devices, Other Technology, Health Technology, Software, Biotechnology, Health, Pharmaceutical, AML, G protein-coupled receptor, ASH, Investment, FEP, CDC7, Growth, Table, AbbVie, NLRP3, MALT1, Society, GAAP, Myelodysplastic syndrome, GPCR, Lymphoid leukemia, Solubility, Patient, Drug discovery, HERG, Acute myeloid leukemia, MBBS, IND, Research, Pharmaceutical industry

Cash used for operating activities in 2024 is expected to be above cash used for operating activities in 2023.

Key Points: 
  • Cash used for operating activities in 2024 is expected to be above cash used for operating activities in 2023.
  • For the first quarter of 2024, software revenue is expected to range from $33 million to $35 million.
  • “We had a very strong year in 2023, with significant growth in our software and drug discovery revenue and substantial progress in our proprietary pipeline and at our co-founded companies.
  • Schrödinger will host a conference call to discuss its fourth quarter and full year 2023 financial results on Wednesday, February 28, 2024, at 4:30 p.m.

Franchise Equity Partners Commences 2024 With New Hires and Promotions

Retrieved on: 
Tuesday, February 6, 2024
Final good, CFO, Restaurant, FEP, Entrepreneurship, CPA, Investment, Evercore, Goldman Sachs, Culture, Associate, Sport, PwC, UBS, Controller

NEW YORK, Feb. 6, 2024 /PRNewswire/ -- Franchise Equity Partners (FEP), a private investment firm on a mission to create long-term partnerships with quality franchisees and franchisors, today announced the addition of three hires, Ari Herman, Chief Financial Officer (CFO), Grant Mueller, Senior Associate, and Alex Chang, Associate, alongside four promotions within its investment team: Matt Crowe to Vice President, Katie Haverty to Vice President, John Esposito to Associate, and Riad Hallal to Associate.

Key Points: 
  • Ari boasts over 12 years of experience in private equity back-office operations, most recently holding the title of Private Equity Controller at Casdin Capital.
  • Prior to this role, he was the Vice President of Finance and Operations at Level Equity and the Controller/Vice President of Finance at Solera Capital.
  • In addition to welcoming Ari, Grant, and Alex, FEP is dedicated to developing its internal team and began 2024 with four promotions across its investment division.
  • For more information about Franchise Equity Partners, please visit https://www.fep-us.com/ .

Franchise Equity Partners Commences 2024 With New Hires and Promotions

Retrieved on: 
Monday, February 5, 2024
Final good, CFO, Restaurant, FEP, Entrepreneurship, CPA, Investment, Crowe, Evercore, Goldman Sachs, Culture, Associate, Sport, PwC, UBS, Controller

NEW YORK, Feb. 5, 2024 /PRNewswire/ -- Franchise Equity Partners (FEP), a private investment firm on a mission to create long-term partnerships with quality franchisees and franchisors, today announced the addition of three hires, Ari Herman, Chief Financial Officer (CFO), Grant Mueller, Senior Associate, and Alex Chang, Associate, alongside four promotions within its investment team: Matt Crowe to Vice President, Katie Haverty to Vice President, John Esposito to Associate, and Riad Hallal to Associate. FEP's commitment to strengthening its team from within, while adding the right external additions has helped the private investment firm draw closer to its initial target portfolio of $1 billion.

Key Points: 
  • Ari boasts over 12 years of experience in private equity back-office operations, most recently holding the title of Private Equity Controller at Casdin Capital.
  • In addition to welcoming Ari, Grant, and Alex, FEP is dedicated to developing its internal team and began 2024 with four promotions across its investment division.
  • FEP is led by Co-Founders and Managing Partners Mike Esposito and Scott Romanoff, both retired partners at Goldman Sachs with nearly three decades each of experience.
  • For more information about Franchise Equity Partners, please visit https://www.fep-us.com/ .

AM Best Affirms Credit Ratings of Elevance Health, Inc. and Its Subsidiaries

Retrieved on: 
Tuesday, December 19, 2023
Insurance, Professional Services, Tax, FHLB, CareMore, Pharmacy, ERM, ELV, Credit, Acquisition, ROE, AM Best, Elevance Health, News, Health, Federal Home Loan Banks, BCBS, FEP, Good, ALL, Long-Term Capital Management, FSR, Anthem

There were no borrowings outstanding at the company’s credit facility or FHLB borrowing as of Sept. 30, 2023.

Key Points: 
  • There were no borrowings outstanding at the company’s credit facility or FHLB borrowing as of Sept. 30, 2023.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

Ampco-Pittsburgh Corporation (NYSE: AP) Announces Third Quarter 2023 Results

Retrieved on: 
Monday, November 13, 2023
Engineering, Machine Tools, Metalworking & Metallurgy, Manufacturing, Steel, Absorption, FEP, NYSE, Forging, Atmosphere of Earth, Corporation, Local government, AP, Ampco Pittsburgh, COVID-19, Credit, Excess, Internet, Growth, External commercial borrowing, Policy, Cryptocurrency, Liquid

Commenting on the quarter, Ampco-Pittsburgh’s CEO, Brett McBrayer, said, “Despite scheduled downtime taken in Q3 for plant maintenance to align with customer downtime in the Forged and Cast Engineered Products segment, the Corporation produced another profitable quarter.

Key Points: 
  • Commenting on the quarter, Ampco-Pittsburgh’s CEO, Brett McBrayer, said, “Despite scheduled downtime taken in Q3 for plant maintenance to align with customer downtime in the Forged and Cast Engineered Products segment, the Corporation produced another profitable quarter.
  • Net income was $0.8 million, or $0.04 per common share, and $1.9 million, or $0.10 per common share, for the three and nine months ended September 30, 2023, respectively.
  • Ampco-Pittsburgh Corporation will hold a conference call on Tuesday, November 14, 2023, at 10:30 a.m. Eastern Time (ET) to discuss its financial results for the third quarter ended September 30, 2023.
  • The Corporation encourages participants to pre-register at any time, including up to and after the call start time via this link: https://dpregister.com/sreg/10183827/fade2c397e .

Franchise Equity Partners Commences Third Year With New Hires to Expand Industry Coverage, Franchise Business Partner Support and Data Science Capabilities

Retrieved on: 
Thursday, November 9, 2023
Entrepreneurship, Automotive industry, The Coca-Cola Company, FEP, Senior, Data science, Investment, Morgan Stanley, Nature, Trinity, Goldman Sachs, Machine learning, Caterpillar, Kohlberg Kravis Roberts, Caterpillar Inc., Growth, Elliott Investment Management, Knowledge, QSR, Restaurant

NEW YORK, Nov. 9, 2023 /PRNewswire/ -- Franchise Equity Partners (FEP), a private investment firm on a mission to create long-term partnerships with quality franchisee operators across five verticals (restaurants, auto dealerships, beverage distribution, heavy equipment and general business and consumer services), today announced five additions to its team. Kevin Burke, Doug Hoerr, Matt Hughes, Malcolm Rhodes and Brandon Emmerich have joined following a successful second year in operation for FEP. Since its inception in November 2021, FEP has made eight investments to complete the first half of its capital deployment strategy in an effort to reach its initial target portfolio of $1 billion.

Key Points: 
  • "We've recruited a seasoned pool of operating partners with a depth of knowledge across the verticals they serve.
  • In addition, we're eager to build a data science platform that will help us drive topline growth for our franchise business partners.
  • This further positions FEP to provide our partners with scale and efficiency advantages that they could not achieve on their own."
  • Brandon Emmerich leads FEP's data science effort and joins with 13 years of industry experience, most recently serving as Director of Data Science at Suvretta Capital Management, LLC.

Schrödinger Reports Third Quarter 2023 Financial Results

Retrieved on: 
Wednesday, November 1, 2023
Software, Biotechnology, Pharmaceutical, Oncology, General Health, Health, Technology, Clinical Trials, United European Gastroenterology, PH, PRMT5, Trial of the century, Global health, IND, Acute myeloid leukemia, MALT1, Food, PKA, FEP, Myelodysplastic syndrome, Regulation of tobacco by the U.S. Food and Drug Administration, GAAP, Mantle cell lymphoma, Research, Bill, Ulcerative colitis, Bill & Melinda Gates Foundation, Pharmacokinetics, CDC7, Phases of clinical research, Webcast, ADMET, UEG, Safety, Overweight, Therapy, Investment, Table, Patient, Cryptocurrency, Pharmaceutical industry, Bank, EU

Schrödinger today updated its financial guidance for 2023.

Key Points: 
  • Schrödinger today updated its financial guidance for 2023.
  • The Phase 1 dose-escalation study in healthy volunteers is nearing completion, and the company expects to report data from the study in the fourth quarter of 2023.
  • Schrödinger will host a conference call to discuss its third quarter 2023 financial results on Wednesday, November 1, 2023, at 4:30 p.m.
  • Schrödinger will host its Pipeline Day in New York City on Thursday, December 14, 2023, beginning at 10:00 a.m.

Global Cryopreservation Bags Market 2023 to 2035: Fueled by Advancements in Biopharmaceutical Industry - ResearchAndMarkets.com

Retrieved on: 
Wednesday, September 6, 2023
Health, Pharmaceutical, Tissue, DNA, Cryo-Cell International, Drug development, ATMP, FEP, Research, Cell, Type, Cryopreservation, Regenerative medicine, EVA, Polytetrafluoroethylene, Traction, Freezing, Patient safety, PTFE, Blood, Stem cell, BIOMED, Polyvinyl chloride, Longevity, Gene, Sartorius, PVC, Tea, Fine chemical, Medical device, Thermoplastic, Entegris, Growth

The global cryopreservation bags and freezing bags market is on the brink of a remarkable upswing, poised to achieve a compounded annual growth rate (CAGR) of 8% over the forecast period.

Key Points: 
  • The global cryopreservation bags and freezing bags market is on the brink of a remarkable upswing, poised to achieve a compounded annual growth rate (CAGR) of 8% over the forecast period.
  • The meticulously compiled report titled "The Cryopreservation Bags and Freezing Bags Market: Distribution by Type of Analyte Stored and Key Geographical Regions" provides a panoramic vista into the impending landscape of cryopreservation bags and freezing bags.
  • These entities have made significant strides in the realm of cryopreservation bags and freezing bags, thereby shaping the market landscape.
  • The cryopreservation bags and freezing bags market stands as a testament to innovation, poised to redefine the future of biological storage.

VERSES Presents Novel Theories at the Association for the Scientific Study of Consciousness

Retrieved on: 
Thursday, July 20, 2023
Scientific study, ASSC, Cognitive science, Monash University, Research, FEP, Consciousness, Brain, Element, Machine learning, Artificial intelligence, Association for the Scientific Study of Consciousness, Cognitive neuroscience, CBOE, Medical device, New York University, AI

Albarracin presented findings on a model of consciousness derived from the free-energy principle (FEP).

Key Points: 
  • Albarracin presented findings on a model of consciousness derived from the free-energy principle (FEP).
  • After outlining the classical and quantum formulations of FEP, Albarracin discussed its implications on the sparse, nested and hierarchical neuro-anatomy of the brain.
  • “We believe VERSES continues to be at the forefront of innovation in AI, guided by the principles of scientific discovery and technological advancement.
  • The research connects our understanding of human consciousness with AI development, fostering a novel approach to AI at VERSES.