Rationalization

Allient Reports 34% Operating Income Growth on Revenue of $578.6 Million in 2023

Retrieved on: 
Tuesday, March 5, 2024
Engineering, Automotive Manufacturing, Technology, Aerospace, Other Technology, Manufacturing, HVAC, Acquisition, Motion, Rationalization, SNC, Growth, Table, Defense, Adjustment, Capital expenditure, COVID-19, Automation, Tax, Public expenditure, Acceleration, Inc., Control, Environment, Depreciation, Distribution

Excluding the favorable impact of foreign currency exchange rate fluctuations on revenue of $1.6 million, organic growth was approximately 6%.

Key Points: 
  • Excluding the favorable impact of foreign currency exchange rate fluctuations on revenue of $1.6 million, organic growth was approximately 6%.
  • As a result, operating income was $7.0 million, or 5.0% of revenue, compared with $8.2 million, or 6.2% of revenue.
  • As a result, operating income increased 34% to $42.3 million, or 7.3% of sales, compared with $31.7 million, or 6.3% of sales.
  • Cash provided by operating activities improved to a record $45.0 million for the year compared with $5.6 million in 2022.

Utz Brands Reports Fourth Quarter and Full-Year 2023 Results

Retrieved on: 
Thursday, February 29, 2024
Supermarket, Retail, Convenience Store, Food, Beverage, Private label, IOS, Rationalization, Investment, Growth, Table, Utz Brands, Adjustment, Capital expenditure, GAAP, Administration, Interest, Good, Capital, EPS, SKU, Life insurance

The Company estimates this SKU rationalization program impacted volumes in the fourth quarter of 2023 by approximately (2.5%).

Key Points: 
  • The Company estimates this SKU rationalization program impacted volumes in the fourth quarter of 2023 by approximately (2.5%).
  • Excluding the impact from SKU rationalization, the Company estimates that volume/mix would have increased 3.0% in the fourth quarter of 2023 versus the prior year period.
  • The Company’s Power Brands’ retail sales increased 5.3% versus the prior-year period(1) and was led by Utz®, On The Border®, Boulder Canyon®, and Golden Flake® Pork.
  • Circana does not include certain Partner Brands and Private Label sales that are not assigned to Utz Brands.

BRP Group, Inc. Announces Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Wednesday, February 28, 2024
Insurance, Professional Services, Health, Rationalization, Webcast, BRP, Security (finance)

BRP Group, Inc. (“BRP Group” or the “Company”) (NASDAQ: BRP), an independent insurance distribution firm delivering tailored insurance solutions to a wide range of personal and commercial Clients, today announced its results for the fourth quarter and full year ended December 31, 2023.

Key Points: 
  • BRP Group, Inc. (“BRP Group” or the “Company”) (NASDAQ: BRP), an independent insurance distribution firm delivering tailored insurance solutions to a wide range of personal and commercial Clients, today announced its results for the fourth quarter and full year ended December 31, 2023.
  • “Our team continues to develop and deliver innovative solutions for our Clients, and we made significant progress in the quarter in terms of our expense rationalization efforts.
  • Adjusted Net Income of $131.1 million, or $1.12 per fully diluted share
    BRP Group will host a webcast and conference call to discuss fourth quarter 2023 results today at 5:00 PM ET.
  • A live webcast and a slide presentation of the conference call will be available on BRP Group’s investor relations website at ir.baldwinriskpartners.com .

More than nine in 10 Canadian companies victimized by fraud fear AI-generated deepfakes will accelerate risks, KPMG in Canada survey finds

Retrieved on: 
Thursday, March 7, 2024
AI, Rationalization, Forensic science, Fraud, ID, Deception, ESG, Deepfake, Risk, Crime, Advertising, Organization, Automation, Motivation, Police, PII, Research, Theft, Environment, KPMG, Cryptocurrency

As fraudsters are becoming increasingly sophisticated in their attack methods, it's more and more challenging to deter criminals," he says."

Key Points: 
  • As fraudsters are becoming increasingly sophisticated in their attack methods, it's more and more challenging to deter criminals," he says."
  • Just over four in 10 companies victimized by fraud are currently experiencing internal fraud, while one third are currently experiencing external fraud, the survey data shows.
  • These tools are fast-becoming essentials in the fraud toolkit to prevent fraudsters from gaining the upper hand.
  • But if you don't perform regular fraud risk assessments to identify external and internal risks and vulnerabilities, you will always be at a disadvantage."

Messagepoint Recognized as an Overall Technology Leader in 2024 SPARK Matrix™ for Customer Communication Management for the Fourth Consecutive Year

Retrieved on: 
Wednesday, February 28, 2024
Knowledge, CCM, AI, Culture, Eye, ChatGPT, API, Rationalization, Quadrant, Organization, Machine learning, OpenAI, SPARK, Online shopping

TORONTO, Feb. 28, 2024 /PRNewswire/ -- Messagepoint has been named a 2024 SPARK Matrix™ Customer Communication Management (CCM) Technology Leader by global research and consulting firm, Quadrant Knowledge Solutions .

Key Points: 
  • TORONTO, Feb. 28, 2024 /PRNewswire/ -- Messagepoint has been named a 2024 SPARK Matrix™ Customer Communication Management (CCM) Technology Leader by global research and consulting firm, Quadrant Knowledge Solutions .
  • This is the fourth consecutive year Messagepoint has received strong ratings across the parameters of technology and customer experience management.
  • "To be recognized for the fourth consecutive year as a Technology Leader in Quadrant Knowledge Solutions' SPARK Matrix CCM 2024 report supports our mission to continually introduce game-changing advancements to the CCM space," said Steve Biancaniello, CEO of Messagepoint.
  • "We continue to break new ground in developing technology that helps organizations solve their toughest customer communication and content management challenges.

Messagepoint Recognized as an Overall Technology Leader in 2024 SPARK Matrix™ for Customer Communication Management for the Fourth Consecutive Year

Retrieved on: 
Wednesday, February 28, 2024
Knowledge, CCM, AI, Culture, Eye, ChatGPT, API, Rationalization, Quadrant, Organization, Machine learning, OpenAI, SPARK, Online shopping

TORONTO, Feb. 28, 2024 /PRNewswire/ -- Messagepoint has been named a 2024 SPARK Matrix™ Customer Communication Management (CCM) Technology Leader by global research and consulting firm, Quadrant Knowledge Solutions .

Key Points: 
  • TORONTO, Feb. 28, 2024 /PRNewswire/ -- Messagepoint has been named a 2024 SPARK Matrix™ Customer Communication Management (CCM) Technology Leader by global research and consulting firm, Quadrant Knowledge Solutions .
  • This is the fourth consecutive year Messagepoint has received strong ratings across the parameters of technology and customer experience management.
  • "To be recognized for the fourth consecutive year as a Technology Leader in Quadrant Knowledge Solutions' SPARK Matrix CCM 2024 report supports our mission to continually introduce game-changing advancements to the CCM space," said Steve Biancaniello, CEO of Messagepoint.
  • "We continue to break new ground in developing technology that helps organizations solve their toughest customer communication and content management challenges.

2024 SaaS Management Index Reveals an Average of $18M in Annual License Waste, with Significant Security Risks from Employee-Expensed Apps

Retrieved on: 
Tuesday, February 27, 2024
AI, Rationalization, News, Poverty, Growth, Software as a service, Organization, Software asset management, Shadow, Excellent, Security, Research, Software

INDIANAPOLIS, Feb. 27, 2024 /PRNewswire/ -- Zylo, the enterprise leader in SaaS Management, has unveiled findings from its 2024 SaaS Management Index, the industry's longest-running benchmark report focused specifically on SaaS spend, adoption, and management trends. Now in its sixth year, the 2024 report analyzes data from 30M SaaS licenses and $34B+ in SaaS spend under Zylo's management.

Key Points: 
  • INDIANAPOLIS, Feb. 27, 2024 /PRNewswire/ -- Zylo , the enterprise leader in SaaS Management, has unveiled findings from its 2024 SaaS Management Index, the industry's longest-running benchmark report focused specifically on SaaS spend, adoption, and management trends.
  • Now in its sixth year, the 2024 report analyzes data from 30M SaaS licenses and $34B+ in SaaS spend under Zylo's management.
  • The 2024 SaaS Management Index highlights five opportunities for businesses to transform SaaS management pain points into strategic wins — from working cross-functionally to reinvesting savings into innovation.
  • To access the full SaaS Management Index Report and learn how Zylo helps organizations manage their SaaS applications, visit Zylo.com .

Lanvin Group Resiliency was Key in 2023, Preliminary Revenues Up 1% Year-on-Year

Retrieved on: 
Wednesday, February 21, 2024
Leather, Lanvin, Rationalization, Grammy Awards, Marketing, Growth, Overalls, Digital, Accessory, Workforce, DTC, Tourism

The Group drove results through a softening market in the second half: Lanvin Group maintained growth through a transitional year with 1% year-on-year growth.

Key Points: 
  • The Group drove results through a softening market in the second half: Lanvin Group maintained growth through a transitional year with 1% year-on-year growth.
  • Successful product launches and marketing campaigns generated brand heat allowing for resiliency in revenues during a challenging market.
  • Lanvin brand showed improving result in the second half: Lanvin brand performed better in the second half of the year in spite of the increasingly softening market.
  • As previously announced, today at 8:00AM EST/9:00PM CST/2:00PM CET, Lanvin Group will host a conference call to discuss its preliminary revenues for the full-year 2023 and provide an outlook for 2024.

Conduent Reports Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Wednesday, February 14, 2024
Cloud, Rationalization, Share repurchase, Partnership, Transit, Culture, Growth, Transport, Adjustment, Government, Diversity, Introduction, TCV, Employee benefits, BPS, ISG, Conduent, Virgin Atlantic

FLORHAM PARK, N.J., Feb. 14, 2024 (GLOBE NEWSWIRE) -- Conduent (NASDAQ: CNDT), a global technology-led business process solutions company, today announced its fourth quarter and full year 2023 financial results.

Key Points: 
  • Full year 2023 pre-tax income (loss) was $(332)M versus $(127)M in the prior year.
  • Full year 2023 Adjusted EBITDA of $378M and Adjusted EBITDA Margin of 10.2% exceeded expectations.
  • Revenue and Adjusted Revenue for the full year 2023 also exceeded expectations, however, lower than the prior year.
  • In the fourth quarter, we repurchased approximately 6.6 million shares of common stock in connection with our ongoing share repurchase program, totaling approximately 8.8 million shares repurchased for the full year 2023.

Norsk Hydro: Changing the aluminium game - Strengthening position in challenging markets

Retrieved on: 
Wednesday, February 14, 2024
Energi, NOK, Volvo, Investment, Sale, COP28, MRN, PCS, Energy transition, EUR, Bauxite, KT, Partnership, FMC, Capital market, FSRU, Natural gas, PAX, PPA, LME, Climate change, Carbon, Conference, CO2, Recycling, Kilowatt-hour, Tomago, New South Wales, USD, Rationalization, Global warming potential, AGM, Policy, Annual, Wind, Renewable energy

All business areas, except Bauxite & Alumina, delivered returns above their cost of capital in challenging markets during 2023.

Key Points: 
  • All business areas, except Bauxite & Alumina, delivered returns above their cost of capital in challenging markets during 2023.
  • At the same time, lower trailer build rates in North America have started to negatively impact demand in the transport segment.
  • A weakening extrusion ingot market is further putting pressure on product premiums and several remelters are faced with negative margins, consequently.
  • The transactions enable capital reallocation into strategic growth areas, strengthening Hydro’s earnings resilience in a rapidly changing global landscape.