PP&E

Microvast Reports 2023 Financial Results

Retrieved on: 
Monday, April 1, 2024
PP&E, Webcast, Capital expenditure, Table, Investment, Event, Central Time, Reinsurance

Record quarterly revenue of $104.6 million, up 61.4% year over year in Q4 2023

Key Points: 
  • Record quarterly revenue of $104.6 million, up 61.4% year over year in Q4 2023
    Gross margin increased from 4.4% to 18.7%, a 14.3 percentage point improvement year over year, with Q4 2023 gross margin of 22.0% compared to 3.4% in Q4 2022
    STAFFORD, Texas, April 01, 2024 (GLOBE NEWSWIRE) -- Microvast Holdings, Inc. (NASDAQ:MVST) (“Microvast” or the “Company”), a technology innovator that designs, develops and manufactures lithium-ion battery solutions, announced today its consolidated financial results for the fourth quarter and full fiscal year ended December 31, 2023 (“Q4 2023” and “FY 2023,” respectively).
  • “We achieved record revenue in the fourth quarter of 2023 bringing our full year revenue growth to 49.9% and we delivered these revenues at a gross margin close to our targeted level.
  • To get the U.S. to the same mature and steady state requires us to secure financing to complete Clarksville Phase 1A.
  • Continued regional efficiencies and utilization increases, providing a Company gross margin target of 20% to 25%
    Company management will host a conference call and webcast on April 1, 2024, at 4:00 p.m. Central Time, to discuss the Company's financial results.

Enerflex Ltd. Reports Fourth Quarter 2023 Financial and Operational Results

Retrieved on: 
Wednesday, February 28, 2024
College of Engineering (KNUST), Acquisition, Proxy, Risk, Investment, Energy, News, Natural gas, Management, Growth, Sale, Prospectus, Pandemic, PP, CAD, PP&E, Public expenditure, Depreciation, Risk management

CALGARY, Alberta, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Enerflex Ltd. (TSX: EFX) (NYSE: EFXT) (“Enerflex” or the “Company”) today reported its financial and operational results for the three months and year ended December 31, 2023. All amounts are presented in Canadian dollars unless otherwise stated.

Key Points: 
  • These adjustments and Enerflex's bank-adjusted net debt to EBITDA ratio are calculated in accordance with, and derived from, the Company's financing agreements.
  • Gross margin before depreciation and amortization is a non-IFRS measure defined as gross margin excluding the impact of depreciation and amortization.
  • The outlook is based on the same assumptions and risk factors set forth above and is based on the Company's historical results of operations.
  • The prospective financial information set forth in this news release should not be relied on as necessarily indicative of future results.

Hewlett Packard Enterprise Reports Fiscal 2024 First Quarter Results

Retrieved on: 
Thursday, February 29, 2024
Data Management, Consumer Electronics, Technology, Software, Artificial Intelligence, Internet, Hardware, Cloud, CFO, Regulation S-K, HPC, Acquisition, Regulation, Item, Financial services, Multimedia, Investment, Growth, Computing, Sale, FCF, PP, HPE, ARR, GAAP, Element, PP&E, GPU, Public expenditure, Hewlett Packard Enterprise, EPS, TAFE Queensland, Face, Pharmaceutical industry

Hewlett Packard Enterprise (NYSE: HPE) today announced financial results for the first quarter ended January 31, 2024.

Key Points: 
  • Hewlett Packard Enterprise (NYSE: HPE) today announced financial results for the first quarter ended January 31, 2024.
  • Fiscal 2024 second quarter non-GAAP diluted net EPS estimates exclude net after-tax adjustments of approximately $0.16 per diluted share, primarily related to stock-based compensation expense and amortization of intangible assets.
  • Hewlett Packard Enterprise provides certain guidance on a non-GAAP basis.
  • These elements could have a material impact on the Company’s reported GAAP results for the guidance period.

Mercedes-Benz Group 2023 Results*: Cash Generation at Work

Retrieved on: 
Thursday, February 22, 2024
Alternative Vehicles, Fuels, EV, Electric Vehicles, Vehicle Technology, Automotive, General Automotive, Automotive Manufacturing, Manufacturing, Recreational Vehicles, Performance & Special Interest, Off-Road Trucks & SUVs, Acquisition, Share repurchase, XEV, Supervisory board, BEV, DPS, Research and development, Investment, Management, Plant, Sale, Earnings per share, Mercedes-Benz Group, NMC, Conference, Earnings, LFP, MMA, CCR, European, PP, PP&E, Mercedes-Benz, Equity, CO2, KPI, Policy, Car, Uncertainty, EPS, Mercedes-Benz Mobility, Annual, Vans, Research, Environment, Pressure, CLA, Automotive industry

Any future free cash flow from the industrial business as available (post potential small-scale M&A) beyond the approx.

Key Points: 
  • Any future free cash flow from the industrial business as available (post potential small-scale M&A) beyond the approx.
  • 40 percent dividend payout ratio of Group Net Income, shall be used to fund share buybacks with the purpose of redeeming shares.
  • Group Free Cash Flow of the Industrial Business is seen slightly below the very strong levels from 2023, due to lower EBIT at Cars and Vans and lower CCR at Vans.
  • Link to capital market presentation on full year 2023: group.mercedes-benz.com/results-2023
    Pictures of the Annual Results Conference 2023 will be available here: group-media.mercedes-benz.com
    Further information on Mercedes-Benz Group AG is available at:

Bombardier 2023 Results Set New Highs on Earnings and Revenues, 2024 Guidance Reflects Further Growth

Retrieved on: 
Thursday, February 8, 2024
EPS, PP, TSX, Growth, Bombardier Inc., Record, Table, PP&E, Fine chemical

MONTRÉAL, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Bombardier Inc. (TSX: BBD.B) today presented strong 2023 fourth quarter and full-year financial results which met or exceeded the company’s 2023 guidance. Bombardier also unveiled its guidance for 2024, which reflects the company’s steady progress towards its long-term objectives.

Key Points: 
  • ​
    After meeting or exceeding its 2023 guidance, the company is again guiding for growth in 2024(5).
  • MONTRÉAL, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Bombardier Inc. (TSX: BBD.B) today presented strong 2023 fourth quarter and full-year financial results which met or exceeded the company’s 2023 guidance.
  • Bombardier also unveiled its guidance for 2024, which reflects the company’s steady progress towards its long-term objectives.
  • Bombardier also announced today its goals for 2024 with new guidance that projects a continuation of the company’s momentum towards its long-term objectives.

Takeda Announces Third-Quarter FY2023 Results; On-Track Towards Full-Year Management Guidance With Strong Momentum in Growth & Launch Products

Retrieved on: 
Thursday, February 1, 2024
Research, Infectious Diseases, FDA, Neurology, Biotechnology, Health, Pharmaceutical, Science, Oncology, Investment, PP, PP&E, Acquisition

(b) We define Free Cash Flow as cash flows from operating activities, subtracting acquisition of property, plant and equipment (“PP&E”), intangible assets and investments as well as removing any other cash that is not available to Takeda’s immediate or general business use, and adding proceeds from sales of PP&E, as well as from sales of investments and businesses, net of cash and cash equivalents divested.

Key Points: 
  • (b) We define Free Cash Flow as cash flows from operating activities, subtracting acquisition of property, plant and equipment (“PP&E”), intangible assets and investments as well as removing any other cash that is not available to Takeda’s immediate or general business use, and adding proceeds from sales of PP&E, as well as from sales of investments and businesses, net of cash and cash equivalents divested.
  • (c) Core results adjust our reported results calculated and presented pursuant to IFRS to exclude the effect of items unrelated to Takeda’s core operations, such as, to the extent applicable for each line item, non-recurring items, purchase accounting effects and transaction related costs, as well as amortization and impairment of intangible assets and other operating income and expenses.
  • (d) CER (Constant Exchange Rate) change eliminates the effect of foreign exchange rates from year-over-year comparisons by translating Reported or Core results for the current period using corresponding exchange rates in the same period of the previous fiscal year.

Chunghwa Telecom Reports 2024 Guidance

Retrieved on: 
Friday, January 26, 2024
PP, Income tax, Bank statement, Forecasting, International Financial Reporting Standards, Asset, Chunghwa Telecom, International, Prospectus, Sale, Note 2, PP&E, F-3, Depreciation, Financial Supervisory Commission, Bank

Forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ materially from the forward-looking statements.

Key Points: 
  • Forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ materially from the forward-looking statements.
  • In addition to the consolidated financial results prepared under T-IFRSs, Chunghwa Telecom also provide non-GAAP financial measures, including "EBITDA".
  • Further, these non-GAAP financial measures may be unique to Chunghwa Telecom, as they may be different from non-GAAP financial measures used by other companies.
  • As such, this presentation of non-GAAP financial measures may not enhance the comparability of the Company's results to the results of other companies.

Enerflex Ltd. Provides Full-Year 2023 Update and Preliminary Outlook for 2024

Retrieved on: 
Tuesday, January 16, 2024
PP, Natural gas, Risk, Instability, MST, Proxy, Public expenditure, EDGAR, PP&E, TSX, Acquisition, Water, Pandemic, PIN, Depreciation, Prospectus, College of Engineering (KNUST), Management, Energy, News, Growth

CALGARY, Alberta, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Enerflex Ltd. (TSX: EFX) (NYSE: EFXT) (“Enerflex” or the “Company”) today is providing a full-year 2023 update and its preliminary financial and operational outlook for 2024.

Key Points: 
  • DISCIPLINED CAPITAL PROGRAM IN 2024, PRIORITIZING DEBT REDUCTION AND LOWERING NET FINANCE COSTS
    CALGARY, Alberta, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Enerflex Ltd. (TSX: EFX) (NYSE: EFXT) (“Enerflex” or the “Company”) today is providing a full-year 2023 update and its preliminary financial and operational outlook for 2024.
  • Enerflex’s preliminary outlook for 2024 reflects strong demand across our business units and geographic regions.
  • Enerflex is targeting a disciplined capital program in 2024, with total capital expenditures of US$90 million to US$110 million.
  • Enerflex plans to release its financial results and operating highlights for the three months and year ended December 31, 2023 after markets close on Wednesday, February 28, 2024.

Hewlett Packard Enterprise Reports Q4 Results to Close Impressive Fiscal 2023; Raises Dividend in Fiscal 2024

Retrieved on: 
Tuesday, November 28, 2023
Data Management, Consumer Electronics, Technology, Software, Artificial Intelligence, Internet, Hardware, Cloud, Sale, Acquisition, NYSE, HPE, Item, CFO, Investment, Artificial intelligence, Multimedia, Public expenditure, Element, EPS, Computing, Hewlett Packard Enterprise, ARR, Financial services, GAAP, Regulation S-K, PP, TAFE Queensland, PP&E, Growth, Regulation, AI, FY, Bank, Cryptocurrency, Holding company, Real estate

Hewlett Packard Enterprise (NYSE: HPE) today announced financial results for the fourth quarter and full year ended October 31, 2023.

Key Points: 
  • Hewlett Packard Enterprise (NYSE: HPE) today announced financial results for the fourth quarter and full year ended October 31, 2023.
  • Our steady execution resulted in higher revenue, further margin expansion, larger operating profit, and record-breaking non-GAAP diluted net earnings per share and free cash flow.
  • “Given our disciplined execution and focus, we closed Q4 and fiscal year 2023 strong within an uneven IT market.
  • These elements could have a material impact on the Company’s reported GAAP results for the guidance period.

Microvast Reports Third Quarter 2023 Financial Results

Retrieved on: 
Thursday, November 9, 2023
Technology, Engineering, Chemicals, Plastics, EV, Electric Vehicles, Other Energy, Manufacturing, Automotive, Batteries, Alternative Energy, Energy, Environment, Hardware, Other Manufacturing, Green Technology, EBITDA, Investment, Q&A, Event, Capital expenditure, OEM, Adjustment, Central Time, PP&E, Table, Growth, Cell, Renewable energy, Film industry, Cryptocurrency, Reinsurance, Bookkeeping, Arms industry, Clothing

Microvast Holdings, Inc. (NASDAQ: MVST) (“Microvast” or the “Company”), a technology innovator that designs, develops and manufactures lithium-ion battery solutions, today announced unaudited condensed consolidated financial results for the third quarter ended September 30, 2023 (“Q3 2023”).

Key Points: 
  • Microvast Holdings, Inc. (NASDAQ: MVST) (“Microvast” or the “Company”), a technology innovator that designs, develops and manufactures lithium-ion battery solutions, today announced unaudited condensed consolidated financial results for the third quarter ended September 30, 2023 (“Q3 2023”).
  • “Operations at our expanded facility in Huzhou, China have exceeded target yields on high levels of utilization, and our target is to have over 90% utilization by the end of the fourth quarter.
  • These gross margin levels are in the territory of the scaled global battery manufacturers with whom we compete,” said Craig Webster, Microvast’s Chief Financial Officer.
  • Investment community professionals interested in participating in the Q&A session may join the call by dialing 1-855-327-6837.