National Transformation Program 2020 (Saudi Arabia)

Canada Goose Reports Second Quarter Fiscal 2024 Results

Retrieved on: 
Thursday, November 2, 2023
Retail, Luxury, Fashion, Gossypium, National Transformation Program 2020 (Saudi Arabia), Waistcoat, System, Tax, Pressure, Polo neck, Clothing, Concept, Frankfurt Airport, EBIT, Environment, Garnet, Growth, Travel, Risk, OVO, Hong Kong Fashion Week for Fall/Winter, Partnership, Bank statement, BAPE, Lumina, Woman, DTC, Collection, Pharmaceutical industry, Tourism, Wool, Telescopic sight, Security (finance)

Inventory was $519.7m for the second quarter ended October 1, 2023, up 2% from the second quarter ended October 2, 2022, with decelerating year-over-year growth compared to the first quarter of fiscal 2024.

Key Points: 
  • Inventory was $519.7m for the second quarter ended October 1, 2023, up 2% from the second quarter ended October 2, 2022, with decelerating year-over-year growth compared to the first quarter of fiscal 2024.
  • During the second quarter of fiscal 2024, the Company repurchased 1,364,542 subordinate voting shares for a total cash consideration of $29.9m, ending the quarter with a cash balance of $37.5m, compared with $97.1m at first quarter ended October 2, 2022.
  • Non-Heavyweight Down category grew year-over-year in the second quarter of fiscal 2024, expanding its share of revenue within the overall mix.
  • As a result, we saw early momentum gathered in our second quarter of fiscal 2024 begin to slow noticeably in September.

Herbalife Reports Third Quarter 2023 Results

Retrieved on: 
Wednesday, November 1, 2023
Vitamins, Supplements, Women, Fitness & Nutrition, Men, Specialty, Lifestyle, General Health, Consumer, Health, Retail, National Transformation Program 2020 (Saudi Arabia), NYSE, HLF, Public expenditure, EBITDA, Multimedia, Digital technology, Growth, EPS, Cost, Pharmaceutical industry, Renewable energy, Bank, Herbalife

Herbalife Ltd. (NYSE: HLF) today reported financial results for the third quarter ended September 30, 2023.

Key Points: 
  • Herbalife Ltd. (NYSE: HLF) today reported financial results for the third quarter ended September 30, 2023.
  • View the full release here: https://www.businesswire.com/news/home/20231031238910/en/
    “We remain on track to achieve year-over-year net sales growth in the fourth quarter as our trends continue to improve,” said Michael Johnson, Chairman and CEO of Herbalife.
  • Third quarter 2023 net sales of $1.3 billion, down 1.1% compared to third quarter 2022; on a constant currency basis1, net sales declined 1.5% compared to the prior year period
    Cost savings of at least $60 million now expected in 2023 related to Company’s Transformation Program, approximately $20 million realized in third quarter
    All-new Herbalife.com website, built on Herbalife One platform, launched in Singapore; planned rollout to other markets remains on track
    Herbalife reported third quarter 2023 net sales of $1.3 billion, down 1.1% year-over-year, marking the third consecutive quarter of improved year-over-year net sales trends.
  • We expect to incur total capital expenditures of approximately $120 million to $160 million for the full year of 2023.

Pentair Reports Strong Third Quarter 2023 Results

Retrieved on: 
Tuesday, October 24, 2023
Environment, Construction & Property, Environmental Health, Utilities, Sustainability, Green Technology, Other Natural Resources, Energy, Other Construction & Property, Natural Resources, National Transformation Program 2020 (Saudi Arabia), Weather, PNR, Water, NYSE, Housing, ESG, Demand flow technology, GAAP, Acquisition, Transformation, Growth, EPS, Webcast, Annual report, ROS, Video game, Pentair

Third quarter 2023 earnings per diluted share from continuing operations (“EPS”) were $0.79 compared to $0.70 in the third quarter of 2022.

Key Points: 
  • Third quarter 2023 earnings per diluted share from continuing operations (“EPS”) were $0.79 compared to $0.70 in the third quarter of 2022.
  • On an adjusted basis, the company reported third quarter 2023 EPS of $0.94 compared to $0.99 in the third quarter of 2022.
  • Pentair paid a regular cash dividend of $0.22 per share in the third quarter of 2023.
  • Pentair President and Chief Executive Officer John L. Stauch and Chief Financial Officer Robert P. Fishman will discuss the company’s third quarter 2023 results on a conference call with investors at 9:00 a.m. Eastern today.

Empretec Highlights Kingdom's Role in Shaping Global Entrepreneurship

Retrieved on: 
Tuesday, October 24, 2023
Banking, Professional Services, Finance, Female, Vision, Ministry of Human Resources and Social Development, United Nations Conference on Trade and Development, Financial management, United Nations, Saudi Vision 2030, Conference, National Transformation Program 2020 (Saudi Arabia), Sustainable development, Entrepreneurship, National Development Fund of Iran, Human resources, Multimedia, Excellency, Male, Social change, Private sector, UNCTAD, SDB, National Development Fund (Saudi Arabia), Unemployment, Culture, Management, Kingdom

View the full release here: https://www.businesswire.com/news/home/20231024231301/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20231024231301/en/
    Empretec Highlights Kingdom's role in Shaping Global Entrepreneurship (Photo: AETOSWire)
    His Excellency, the Minister of Human Resources and Social Development, delivered a keynote address emphasizing the paramount importance of empowering the private sector within the Kingdom, aligned with the goals of the National Transformation Program and the Saudi Vision 2030.
  • He emphasized the bank's pivotal role in supporting entrepreneurship and contributing to the goals of the 2030 Vision.
  • The forum witnessed the signing of several partnerships aimed at supporting entrepreneurship and creating opportunities in the logistics services sector.
  • The event concluded with renewed commitment and enthusiasm for entrepreneurship, innovation, and sustainable development.

AXA XL names Glen Hopkinson as Country Manager, Canada

Retrieved on: 
Monday, August 21, 2023
Insurance, XL, Risk management, National Transformation Program 2020 (Saudi Arabia), AXA, Risk, Axa XL, Reinsurance, Management

TORONTO, Aug. 21, 2023 /PRNewswire/ -- AXA XL today announced the appointment of Glen Hopkinson as the new Country Manager for Canada.

Key Points: 
  • TORONTO, Aug. 21, 2023 /PRNewswire/ -- AXA XL today announced the appointment of Glen Hopkinson as the new Country Manager for Canada.
  • With immediate effect, Mr. Hopkinson, who has successfully served as the interim leader in recent months, assumes leadership of the company's insurance operations in the country.
  • AXA XL provides traditional and innovative insurance solutions as well as risk management products and services for mid-sized to large multinational companies across Canada and in over 200 countries and territories worldwide.
  • Known for its flexible approach and superior claims service, AXA XL's experts work proactively to address existing and emerging risks of Canadian Clients.

Canada Goose Reports First Quarter Fiscal 2024 Results

Retrieved on: 
Thursday, August 3, 2023
Fashion, Footwear, Retail, Luxury, Manufacturing, Textiles, DTC, Beverly Center, Travel, Clothing, Marketing, Tax, Beverly, Bank statement, National Transformation Program 2020 (Saudi Arabia), Risk, Social innovation, Carbon, EBIT, Plant, Central Plan Scheme Monitoring System, Human rights, Flagship, Channel expansion theory, Growth, ESG, Social, Environment, VIP, Video game, Security (finance), Recycling, Q1

During the first quarter of fiscal 2024, the Company repurchased 1,156,959 subordinate voting shares for a total cash consideration of $26.3m, ending the quarter with a cash balance of $48.0m, compared with $81.8m at first quarter ended July 3, 2022.

Key Points: 
  • During the first quarter of fiscal 2024, the Company repurchased 1,156,959 subordinate voting shares for a total cash consideration of $26.3m, ending the quarter with a cash balance of $48.0m, compared with $81.8m at first quarter ended July 3, 2022.
  • During our first quarter, Canada Goose continued to engage consumers through our innovative products and customer experiences.
  • This Flagship store offers customers a truly authentic Canada Goose brand experience, featuring Canadian art, a VIP lounge, and our Snow Room.
  • Our Q2 fiscal 2024 outlook also assumes:
    DTC channel growth from existing and new stores along with modest e-commerce growth, to be offset by the earlier timing of wholesale shipments that took place in Q1 fiscal 2024 instead of Q2 fiscal 2024 and continued streamlining of wholesale relationships.

Herbalife Reports Second Quarter 2023 Results

Retrieved on: 
Wednesday, August 2, 2023
Vitamins, Supplements, Health, Fitness & Nutrition, Special, GAAP, National Transformation Program 2020 (Saudi Arabia), Multimedia, Public expenditure, Digital technology, EBITDA, Investment, HLF, Growth, EPS, Extravaganza, NYSE, Rare-earth element, Pharmaceutical industry, Bank, Video game, Renewable energy, Herbalife, Kashrut

Herbalife Ltd. (NYSE: HLF) today reported financial results for the second quarter ended June 30, 2023:

Key Points: 
  • Herbalife Ltd. (NYSE: HLF) today reported financial results for the second quarter ended June 30, 2023:
    This press release features multimedia.
  • Herbalife reported second quarter 2023 net sales of $1.3 billion, down 5.7% year-over-year, marking the second consecutive quarter of improved year-over-year net sales trends.
  • Second quarter gross profit margin improved to 77.0% from 76.2% in first quarter 2023.
  • “The second quarter marks our second consecutive quarter of improved year-over-year net sales trends,” said Chief Financial Officer, Alex Amezquita.

Pentair Reports Strong Second Quarter 2023 Results

Retrieved on: 
Thursday, July 27, 2023
Other Consumer, Environment, Environmental Health, Utilities, Sustainability, Green Technology, Other Natural Resources, Energy, Consumer, Natural Resources, Transformation, Housing, GAAP, National Transformation Program 2020 (Saudi Arabia), ROS, Demand flow technology, Annual report, Water, Growth, Webcast, PNR, ESG, EPS, Weather, NYSE, Automation, Video game, Renewable energy, Pentair

Second quarter 2023 earnings per diluted share from continuing operations (“EPS”) were $0.93 compared to $0.92 in the second quarter of 2022.

Key Points: 
  • Second quarter 2023 earnings per diluted share from continuing operations (“EPS”) were $0.93 compared to $0.92 in the second quarter of 2022.
  • On an adjusted basis, the company reported second quarter 2023 EPS of $1.03 compared to $1.02 in the second quarter of 2022.
  • On an adjusted basis, the company reported segment income of $234 million for the second quarter of 2023, up 14 percent compared to segment income for the second quarter of 2022, and ROS was 21.6 percent, an increase of 230 basis points when compared to the second quarter of 2022.
  • Pentair paid a regular cash dividend of $0.22 per share in the second quarter of 2023.

WTW Reports Second Quarter 2023 Earnings

Retrieved on: 
Thursday, July 27, 2023
WTW, Risk, Scottish Insurance Corp Ltd v Wilsons & Clyde Coal Co Ltd, Specialization, Adjustment, National Transformation Program 2020 (Saudi Arabia), Corporation

Revenue was $2.16 billion for the second quarter of 2023, an increase of 6% as compared to $2.03 billion for the same period in the prior year.

Key Points: 
  • Revenue was $2.16 billion for the second quarter of 2023, an increase of 6% as compared to $2.03 billion for the same period in the prior year.
  • Net Income for the second quarter of 2023 was $96 million, a decrease of 16% compared to Net Income of $114 million in the prior-year second quarter.
  • Adjusted EBITDA for the second quarter was $411 million, or 19.0% of revenue, a decrease of 9%, compared to Adjusted EBITDA of $450 million, or 22.2% of revenue, in the prior-year second quarter.
  • The U.S. GAAP tax rate for the second quarter was 19.8%, and the adjusted income tax rate for the second quarter used in calculating adjusted diluted earnings per share was 23.7%.

Prototek Names Bill Bonadio as New Chief Executive Officer

Retrieved on: 
Wednesday, July 12, 2023
Manufacturing, Other Manufacturing, Steel, Engineering, Machine Tools, Metalworking & Metallurgy, United States Navy, Vericor Power Systems, Boston Consulting Group, Business development, CNC, Defense, Business, Electronics, MBA, National Transformation Program 2020 (Saudi Arabia), Bucknell University, Multimedia, Boston, Enerpac Tool Group, Danaher Corporation, Organization, Development, Boeing, Bain, Growth, Bain & Company, Northwestern University, Management, Sales, Intelligence

Prototek Holdings LLC ("Prototek"), a leading national provider of on-demand CNC machining, precision sheet metal fabrication, and additive manufacturing services, today announced that Bill Bonadio will serve as the company’s new Chief Executive Officer, effective immediately.

Key Points: 
  • Prototek Holdings LLC ("Prototek"), a leading national provider of on-demand CNC machining, precision sheet metal fabrication, and additive manufacturing services, today announced that Bill Bonadio will serve as the company’s new Chief Executive Officer, effective immediately.
  • View the full release here: https://www.businesswire.com/news/home/20230712738414/en/
    Prototek named Bill Bonadio as the company's new Chief Executive Officer (Photo: Business Wire)
    “Bill’s wealth of experience and proven track record at the highest levels of leadership make him the perfect fit to lead our company and usher in a new phase of growth and innovation,” said Jay Twombly, Prototek’s Chairman.
  • “I’m honored to have the opportunity to lead Prototek,” said Bonadio.
  • He is also a former U.S. Navy officer and graduate of the U.S. Navy Nuclear Propulsion Program, where he served on attack submarines.