Supply Chain Management

Fonon 3D Metal Printing Set To Revolutionize Maritime Manufacturing

Retrieved on: 
Friday, July 19, 2024

Fonon Corporation's Bulk-To-Shape (BTS) additive manufacturing technology, currently being developed, but not yet fully commercialized, will streamline both shipbuilding and maintenance in the maritime industry.

Key Points: 
  • Fonon Corporation's Bulk-To-Shape (BTS) additive manufacturing technology, currently being developed, but not yet fully commercialized, will streamline both shipbuilding and maintenance in the maritime industry.
  • These could include custom fittings, propellers, structural components, engine parts, and decorative elements, to name a few – all fully functional.
  • The use of this additive manufacturing technology allows for rapid prototyping, the creation of complex geometries and easy customization.
  • This product family of specialized 3D metal printing systems for industrial and manufacturing purposes represents the fastest path to production readiness.

ParkOhio Announces Quarterly Dividend

Retrieved on: 
Friday, July 19, 2024

The Board of Directors of Park-Ohio Holdings Corp. (NASDAQ: PKOH) has declared a quarterly cash dividend of $0.125 per share on the common stock outstanding, to be paid on August 16, 2024, to shareholders of record as of the close of business on August 2, 2024.

Key Points: 
  • The Board of Directors of Park-Ohio Holdings Corp. (NASDAQ: PKOH) has declared a quarterly cash dividend of $0.125 per share on the common stock outstanding, to be paid on August 16, 2024, to shareholders of record as of the close of business on August 2, 2024.
  • ParkOhio is a diversified international company providing world-class customers with a supply chain management outsourcing service, capital equipment used on their production lines, and manufactured components used to assemble their products.
  • Headquartered in Cleveland, Ohio, ParkOhio operates approximately 130 manufacturing sites and supply chain logistics facilities worldwide, through three reportable segments: Supply Technologies, Assembly Components and Engineered Products.
  • Risk Factors" included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023.

New Fortress Energy Achieves First LNG for its Fast LNG Asset

Retrieved on: 
Friday, July 19, 2024

New Fortress Energy Inc. (NASDAQ: NFE) (“NFE” or the “Company”) today announced that it has achieved First LNG for its initial Fast LNG asset located offshore Altamira, Mexico (“FLNG”).

Key Points: 
  • New Fortress Energy Inc. (NASDAQ: NFE) (“NFE” or the “Company”) today announced that it has achieved First LNG for its initial Fast LNG asset located offshore Altamira, Mexico (“FLNG”).
  • With this significant milestone, FLNG establishes itself as the fastest large-scale LNG project ever developed.
  • “First LNG represents a transformative moment for our Company and the industry as a whole, and reaffirms our position as a fully integrated leader in the global LNG market,” said Wes Edens, Chairman and CEO of New Fortress Energy.
  • In doing so, our downstream customers now benefit from additional access to clean and reliable LNG, enabling sustained growth well into the future,” said Chris Guinta, Chief Financial Officer of New Fortress Energy.

The Secondhand Furniture Phenomenon: What 48% of Americans Know That You Don't

Retrieved on: 
Friday, July 19, 2024

Americans love secondhand furniture for its affordability, uniqueness, and trendiness.

Key Points: 
  • Americans love secondhand furniture for its affordability, uniqueness, and trendiness.
  • Nearly half of Americans (48%) have purchased used furniture, and 78% of those buyers are likely to do so again.
  • Young people aged 16-24, potentially including relocating graduates, often abandon secondhand furniture purchases due to logistical issues, despite financial incentives.
  • While coordinating logistics is the biggest challenge in secondhand furniture transactions, other issues also deter buyers and sellers alike.

HAFNIA LIMITED: Incident involving the Hafnia Nile

Retrieved on: 
Friday, July 19, 2024

The Hafnia Nile (IMO: 9766217), an LR1 tanker owned and operated by Hafnia Limited (“Hafnia” or the “Company”, OSE ticker code “HAFNI”, NYSE ticker code “HAFN”), was earlier today involved in a collision with a VLCC (very large crude carrier) in the South China Sea.

Key Points: 
  • The Hafnia Nile (IMO: 9766217), an LR1 tanker owned and operated by Hafnia Limited (“Hafnia” or the “Company”, OSE ticker code “HAFNI”, NYSE ticker code “HAFN”), was earlier today involved in a collision with a VLCC (very large crude carrier) in the South China Sea.
  • All crew members onboard the Hafnia Nile have been safely rescued.
  • The Company's primary focus at this time is the well-being of our crew members, as well as addressing any potential environmental impact resulting from this incident.
  • Hafnia has offices in Singapore, Copenhagen, Houston, and Dubai and currently employs over 5,000 employees onshore and at sea.

BigBear.ai to Report Second Quarter 2024 Results on August 1, 2024

Retrieved on: 
Thursday, July 18, 2024

BigBear.ai (NYSE: BBAI), a leading technology provider of AI for enterprise and defense, today announced that it will publish its second quarter earnings release on Thursday, August 1, 2024, at approximately 4:15 pm ET.

Key Points: 
  • BigBear.ai (NYSE: BBAI), a leading technology provider of AI for enterprise and defense, today announced that it will publish its second quarter earnings release on Thursday, August 1, 2024, at approximately 4:15 pm ET.
  • The earnings release can be accessed on the Company’s investor relations website: https://ir.bigbear.ai .
  • While BigBear.ai will not host an earnings call for this announcement, a shareholder letter from the CEO will again be provided.

Wabtec Declares Regular Quarterly Common Dividend

Retrieved on: 
Thursday, July 18, 2024

Wabtec Corporation (NYSE: WAB) announced today that its Board of Directors declared a regular quarterly common dividend of 20 cents per share, payable on August 28, 2024, to holders of record on August 14, 2024.

Key Points: 

Wabtec Corporation (NYSE: WAB) announced today that its Board of Directors declared a regular quarterly common dividend of 20 cents per share, payable on August 28, 2024, to holders of record on August 14, 2024.

New Fortress Energy Schedules Second Quarter 2024 Earnings Release and Conference Call

Retrieved on: 
Thursday, July 18, 2024

New Fortress Energy Inc. (NASDAQ: NFE) (the “Company”) plans to announce its financial results for the second quarter 2024 prior to 8:00 A.M. Eastern Time on Friday, August 9th, 2024.

Key Points: 
  • New Fortress Energy Inc. (NASDAQ: NFE) (the “Company”) plans to announce its financial results for the second quarter 2024 prior to 8:00 A.M. Eastern Time on Friday, August 9th, 2024.
  • A copy of the press release and an earnings supplement will be posted to the Investors section of the Company’s website, www.newfortressenergy.com.
  • In addition, management will host a conference call on Friday, August 9th, 2024 at 8:00 A.M. Eastern Time.
  • A replay of the conference call will be available at the same website location shortly after the conclusion of the live call.

Karooooo Continues to Grow at Scale and Increases Earnings by 41%

Retrieved on: 
Thursday, July 18, 2024

Karooooo’s operating profit grew by 34% to ZAR300 million (Q1 2024: ZAR224 million) and earnings per share by 41% to ZAR7.17 (Q1 2024: ZAR5.09).

Key Points: 
  • Karooooo’s operating profit grew by 34% to ZAR300 million (Q1 2024: ZAR224 million) and earnings per share by 41% to ZAR7.17 (Q1 2024: ZAR5.09).
  • Cartrack achieved strong customer acquisition in the quarter, building on its solid track record of growing at scale.
  • Karooooo Logistics grew revenue by 63% to ZAR101 million (Q1 2024: ZAR62 million).
  • As Karooooo retains its cash reserves in USD, Karooooo declared a dividend of USD1.08 payable in August 2024.