CVG

Clairvest Partners with ECL Entertainment to Acquire Wyoming Downs

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星期五, 五月 17, 2024
Partnership, OTB, HHR, 1995 Belgian federal election, ECL, CVG, TSX

TORONTO, May 17, 2024 (GLOBE NEWSWIRE) -- Clairvest Group Inc. (TSX: CVG) (“CVG”) today announced that it, together with Clairvest Equity Partners VI (“CEP VI”, collectively “Clairvest”) and ECL Entertainment, LLC (“ECL”), have acquired Wyoming Downs, a licensed live horse racing and off-track betting (“OTB”) operator in Wyoming (which includes historical horse racing (“HHR”) and simulcast).

Key Points: 
  • TORONTO, May 17, 2024 (GLOBE NEWSWIRE) -- Clairvest Group Inc. (TSX: CVG) (“CVG”) today announced that it, together with Clairvest Equity Partners VI (“CEP VI”, collectively “Clairvest”) and ECL Entertainment, LLC (“ECL”), have acquired Wyoming Downs, a licensed live horse racing and off-track betting (“OTB”) operator in Wyoming (which includes historical horse racing (“HHR”) and simulcast).
  • Wyoming Downs began live racing operations in the 1980s at its owned racetrack in Evanston, Wyoming and began operating OTBs (which include HHR terminals) in 2013.
  • Wyoming Downs is one of three operators that are permitted to offer HHR throughout the state of Wyoming.
  • Wyoming Downs is a compelling entertainment option, and we believe it will simultaneously support the local community and equine industry positively,” said Michael Wagman, President and Managing Director of Clairvest.

CVG Reports First Quarter 2024 Results

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星期一, 五月 6, 2024
Wind, CVG, Automation, Operating cost, Music

NEW ALBANY, Ohio, May 06, 2024 (GLOBE NEWSWIRE) -- CVG (NASDAQ: CVGI), a diversified industrial products and services company, today announced financial results for its first quarter ended March 31, 2024.

Key Points: 
  • Operating income in the first quarter 2024 was $6.6 million compared to $14.6 million in the prior year period.
  • First quarter 2024 adjusted operating income was $8.5 million, compared to $15.4 million in the prior year period.
  • First quarter 2024 adjusted operating income was $10.9 million compared to $13.5 million in the prior year period.
  • First quarter 2024 adjusted operating loss was $1.9 million compared to a loss of $0.2 million in the prior year period.

TEAMSTERS CONDEMN DHL'S ANTI-UNION TACTICS AT ANNUAL SHAREHOLDER MEETING IN GERMANY

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星期五, 五月 3, 2024
International, Collective bargaining, Attitude, Environment, CVG, DHL, International Brotherhood of Teamsters, AGM, Management

BONN, Germany, May 3, 2024 /PRNewswire/ -- Today, DHL Teamsters from across the U.S. called out the alarming union-busting and anti-worker tactics of the global delivery and logistics giant during DHL Group's Annual General Meeting (AGM) in Bonn, Germany.

Key Points: 
  • DHL Teamsters Question Board of Directors, Call Out Anti-Worker Corporate Actions
    BONN, Germany, May 3, 2024 /PRNewswire/ -- Today, DHL Teamsters from across the U.S. called out the alarming union-busting and anti-worker tactics of the global delivery and logistics giant during DHL Group's Annual General Meeting (AGM) in Bonn, Germany.
  • Rank-and-file Teamsters, organizing committee members from DHL's global hub at the Cincinnati/Northern Kentucky International Airport (CVG), and Teamsters International Vice President At-Large Juan Campos attended the meeting to condemn DHL executives face-to-face.
  • "Waging war against the workers who make you successful is no way to run a business.
  • "The Teamsters' presence at DHL's annual shareholder meeting signaled to CEO Tobias Meyer and the board that the company's treatment of American workers is unacceptable," said Michael Morency, a member of the CVG Sort Workers Organizing Committee.

NovaSource Power Services Names Akshay Sagar President and Chief Executive Officer

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星期三, 五月 1, 2024
Schlumberger, TSX, Weatherford International, CVG, OMERS, Trust, Growth, Management

CHANDLER, Ariz., May 1, 2024 /PRNewswire/ -- NovaSource Power Services ("NovaSource"), a global leader in solar operations and maintenance ("O&M") services and a portfolio company of Clairvest Group Inc. ("Clairvest", TSX: CVG) and OMERS Private Equity, the private equity arm of OMERS, is pleased to announce the appointment of Akshay Sagar as President and Chief Executive Officer of NovaSource. Akshay is a strategic energy executive who brings a wealth of experience across the energy and industrial service sectors to the business. He is a growth-focused leader who has held senior management roles at Paterson-UTI, Weatherford International, Halliburton, and Schlumberger. With a passion for driving sustainable growth, Akshay is the right leader to advance the NovaSource mission of supporting the global energy transition by maintaining the lifecycle and efficiency of critical clean energy assets.

Key Points: 
  • CHANDLER, Ariz., May 1, 2024 /PRNewswire/ -- NovaSource Power Services ("NovaSource"), a global leader in solar operations and maintenance ("O&M") services and a portfolio company of Clairvest Group Inc. ("Clairvest", TSX: CVG) and OMERS Private Equity, the private equity arm of OMERS, is pleased to announce the appointment of Akshay Sagar as President and Chief Executive Officer of NovaSource.
  • Akshay is a strategic energy executive who brings a wealth of experience across the energy and industrial service sectors to the business.
  • "I am honored and delighted to be part of the NovaSource team as we prepare for the next phase of growth and diligent execution at NovaSource," said Sagar.
  • "Akshay is a highly respected leader, and brings with him decades of experience and a strong vision for the future," added Bill Morneau, Chairman of the Board of NovaSource Power Services.

TEAMSTERS SUBMIT DHL SHAREHOLDER COUNTERMOTION AT GENERAL MEETING IN GERMANY

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星期二, 四月 30, 2024
Annual general meeting, International Brotherhood of Teamsters, Fear, Cincinnati/Northern Kentucky International Airport, Culture, Environment, CVG, DHL, Management

BONN, Germany, April 30, 2024 /PRNewswire/ -- The Teamsters Union will present a countermotion urging investors to reject DHL Group's executive remuneration report at the company's Annual General Meeting in Bonn, Germany, on Friday, May 3.

Key Points: 
  • BONN, Germany, April 30, 2024 /PRNewswire/ -- The Teamsters Union will present a countermotion urging investors to reject DHL Group's executive remuneration report at the company's Annual General Meeting in Bonn, Germany, on Friday, May 3.
  • Over the past two years, workers have been fighting back by organizing with the Teamsters at Cincinnati/Northern Kentucky International Airport (CVG), DHL's global hub in North America.
  • "In the US, DHL has become a notoriously anti-union company known for poor working conditions and violating workers' rights.
  • DHL was forced last week to settle an $8.7 million racial discrimination lawsuit with members of Teamsters Local 705 in Chicago.

CVG Announces First Quarter 2024 Earnings Call

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星期二, 四月 23, 2024
CVG, Webcast, Internet service provider

NEW ALBANY, Ohio, April 23, 2024 (GLOBE NEWSWIRE) -- Commercial Vehicle Group (the “Company” or “CVG”) (NASDAQ: CVGI) will hold its quarterly conference call on Tuesday, May 7, 2024, at 10:00 a.m.

Key Points: 
  • NEW ALBANY, Ohio, April 23, 2024 (GLOBE NEWSWIRE) -- Commercial Vehicle Group (the “Company” or “CVG”) (NASDAQ: CVGI) will hold its quarterly conference call on Tuesday, May 7, 2024, at 10:00 a.m.
  • ET, to discuss first quarter 2024 financial results.
  • CVG will issue a press release and presentation prior to the conference call.
  • Toll-free participants dial (800) 549-8228 using conference code 16332. International participants dial (646) 564-2877 using conference code 16332.

TEAMSTERS LOCAL 705 MEMBERS WIN RACIAL DISCRIMINATION LAWSUIT AGAINST DHL EXPRESS

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星期三, 四月 24, 2024
DHL, Consent, EEOC, Federation, Local, CVG, Behavior, International Brotherhood of Teamsters

CHICAGO, April 24, 2024 /PRNewswire/ -- Members of Teamsters Local 705 have won a $8.7 million racial discrimination lawsuit against DHL Express.

Key Points: 
  • CHICAGO, April 24, 2024 /PRNewswire/ -- Members of Teamsters Local 705 have won a $8.7 million racial discrimination lawsuit against DHL Express.
  • Since at least 2005, DHL has violated Title VII of the 1964 Civil Rights Act by determining Local 705 members' job assignments by race.
  • "The outcome of this lawsuit was more than a decade in the making, but our members stayed the course and fought for their rights," said Juan Campos, Secretary-Treasurer of Local 705 and Teamsters International Vice President At-Large.
  • "The mistreatment of Chicago Teamsters lays bare DHL's indifference to human rights and basic laws in the U.S.," said Bill Hamilton, Director of the Teamsters Express Division and Teamsters Eastern Region International Vice President.

Creative Realities Partners with Departure Media Airport Advertising to Enhance Traveler Experience at Cincinnati/Northern Kentucky International Airport (CVG)

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星期三, 三月 13, 2024
Element, Kansas City International Airport, Environment, Partnership, Samsung, CREX, Creative, CVG, Airport, LED, Cincinnati/Northern Kentucky International Airport, Advertising

With a focus on enhancing the traveler experience through innovative technology-driven advertising solutions, Departure Media operates in 14 airports nationwide, including CVG and, most recently, Kansas City International Airport.

Key Points: 
  • With a focus on enhancing the traveler experience through innovative technology-driven advertising solutions, Departure Media operates in 14 airports nationwide, including CVG and, most recently, Kansas City International Airport.
  • Departure Media has been a valued partner of Creative Realities for the past eight years.
  • "We're excited to continue providing digital signage solutions in our successful partnership with Departure Media,” said Rick Mills, CEO of Creative Realities.
  • By leveraging the latest in digital signage technology and creative media placement solutions, the two companies are setting a new standard for airport advertising.

CVG Announces Participation in the Sidoti Virtual Small-Cap Investor Conference

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星期一, 三月 11, 2024
Sidoti, CVG, Webcast, Conference, Cryptocurrency

NEW ALBANY, Ohio, March 11, 2024 (GLOBE NEWSWIRE) -- CVG (NASDAQ: CVGI) announced today that James Ray, President and Chief Executive Officer, and Andy Cheung, Executive Vice President and Chief Financial Officer, will present virtually at the Sidoti Small-Cap Virtual Conference on March 14, 2024, at 9:15 a.m.

Key Points: 
  • NEW ALBANY, Ohio, March 11, 2024 (GLOBE NEWSWIRE) -- CVG (NASDAQ: CVGI) announced today that James Ray, President and Chief Executive Officer, and Andy Cheung, Executive Vice President and Chief Financial Officer, will present virtually at the Sidoti Small-Cap Virtual Conference on March 14, 2024, at 9:15 a.m.
  • ET.
  • A link to the webcast and associated presentation materials can be accessed through the investor section of the Company’s website at cvgrp.com .
  • Management will also meet virtually with investors registered for the conference.

CVG Reports Fourth Quarter and Full Year 2023 Results

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星期一, 三月 4, 2024
UAW, Electricity, Investment, Growth, CVG

NEW ALBANY, Ohio, March 04, 2024 (GLOBE NEWSWIRE) -- CVG (NASDAQ: CVGI), a diversified industrial products and services company, today announced financial results for its fourth quarter and full year ended December 31, 2023.

Key Points: 
  • Fourth quarter sales of $223 million, record annual sales of $995 million
    NEW ALBANY, Ohio, March 04, 2024 (GLOBE NEWSWIRE) -- CVG (NASDAQ: CVGI), a diversified industrial products and services company, today announced financial results for its fourth quarter and full year ended December 31, 2023.
  • Operating income of $5.0 million, up $9.0 million; adjusted operating income of $6.6 million, down $1.8 million.
  • Operating income of $48.1 million, up $27.9 million, and adjusted operating income of $51.1 million, up $14.5 million.
  • Full-year 2023 debt paydown was $10.9 million, and net debt declined to $103.7 million; leverage ratio declined to 1.5x from 2.2x.