TTM

Voya Financial announces first-quarter 2024 results

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星期二, 四月 30, 2024
Asset Management, Professional Services, Insurance, Finance, Corporation, Voya Financial, TTM, Investment management, VOYA, Retirement, Culture, Investment, Acquisition, Institution, EPS, Share repurchase, Allianz, Growth, Bank

Voya Financial, Inc. (NYSE: VOYA), announced today its first-quarter 2024 financial results:

Key Points: 
  • Voya Financial, Inc. (NYSE: VOYA), announced today its first-quarter 2024 financial results:
    First-quarter 2024 net income available to common shareholders of $234 million, or $2.24 per diluted share, and after-tax adjusted operating earnings1 of $185 million, or $1.77 per diluted share.
  • “In the first quarter of 2024, adjusted operating EPS grew 23% compared with the prior-year period, reflecting the strength of our diversified revenues and expense discipline,” said Heather Lavallee, chief executive officer, Voya Financial.
  • As of March 31, 2024, Voya had approximately $0.4 billion of excess capital.
  • In addition, Voya will host a conference call on Wednesday, May 1, 2024, at 10 a.m.

Atar Capital Announces Solero Technologies Signs Agreement to Acquire Kendrion’s Automotive Business

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星期一, 四月 15, 2024
Technology, Automotive, Finance, Other Technology, Automotive Manufacturing, Professional Services, Other Automotive, Alternative Energy, Manufacturing, Energy, USD, Acquisition, Environment, Solero, EUR, TTM, Capital, Safety

Atar Capital , a Los Angeles-based global private investment firm, announced today that Solero Technologies has signed an agreement with Kendrion (KENDR.AS) to acquire Kendrion’s automotive business in Europe and the United States.

Key Points: 
  • Atar Capital , a Los Angeles-based global private investment firm, announced today that Solero Technologies has signed an agreement with Kendrion (KENDR.AS) to acquire Kendrion’s automotive business in Europe and the United States.
  • Solero Technologies will effectuate the transaction with support from Atar Capital.
  • Kendrion’s automotive business designs, manufactures, and delivers intelligent actuators that help advance the global push towards electrification and sustainable energy.
  • “With a commitment to shaping the future of mobility that prioritizes both people and the environment, the acquisition of Kendrion’s automotive business will further expand Atar’s purpose-driven portfolio into the automotive industry,” said Cyrus Nikou , founder of Atar Capital.

KBRA Assigns Preliminary Ratings to SDR 2024-DSNY

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星期一, 四月 15, 2024
Commercial Building & Real Estate, Construction & Property, Lodging, Finance, Travel, Theme Parks, Professional Services, Entertainment, Foodservice, Walt Disney World, The Walt Disney Company, SDR, Walt Disney, TTM, Hollywood studios, RevPAR, NCF, KLTV, Basketball, National Association, Bank of America, Engineering, KBRA, ADR, Bank, CMBS, Methodology, Wells Fargo, Telescopic sight

KBRA announces the assignment of preliminary ratings to five classes of SDR 2024-DSNY, a CMBS single-borrower securitization.

Key Points: 
  • KBRA announces the assignment of preliminary ratings to five classes of SDR 2024-DSNY, a CMBS single-borrower securitization.
  • The floating rate loans are expected to have a two-year initial term with three 12-month extension options and require monthly interest-only payments.
  • As of TTM 1/2024, the portfolio achieved occupancy, ADR, and RevPAR penetration rates of 115.9%, 121.5% and 140.1%, respectively.
  • The resulting in-trust KBRA Loan to Value (KLTV) is 62.8%.

KBRA Assigns Preliminary Ratings to HTL 2024-T53

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星期一, 四月 1, 2024
Professional Services, Finance, ADR, HTL, TTM, CMBS, KLTV, RevPAR, NCF, Engineering, KBRA, Telescopic sight

KBRA announces the assignment of preliminary ratings to six classes of HTL 2024-T53, a CMBS single-borrower securitization.

Key Points: 
  • KBRA announces the assignment of preliminary ratings to six classes of HTL 2024-T53, a CMBS single-borrower securitization.
  • The collateral for the transaction is a $631.5 million fixed rate, interest-only mortgage loan.
  • The loan will be secured by the borrowers’ fee simple interests in 53 hotels, all located in 14 states.
  • As of TTM 1/2024, the portfolio achieved weighed average occupancy, ADR and RevPAR penetration rates of 106.9%, 109.1% and 118.8%, respectively.

KBRA DLD Report: Direct Lending Defaults Low; Sponsored at 1.5%, Non-Sponsored at 3.5%

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星期五, 三月 22, 2024
Professional Services, Finance, Loss given default, TTM, Orange, Index, BSL, Radar, LGD, Red, HY, Communication, KBRA, Security (finance)

KBRA DLD, a division of KBRA Analytics, recently released its latest Direct Lending Default Report on the U.S. direct lending market.

Key Points: 
  • KBRA DLD, a division of KBRA Analytics, recently released its latest Direct Lending Default Report on the U.S. direct lending market.
  • KBRA DLD forecasts an overall 2024 direct lending default rate by issuer count of roughly 2.75% on 69 defaults, up from 2.3% in 2023.
  • Loss Given Default (LGD) Rate: The LGD rate for direct lending loans in the KBRA DLD Index is 1%.
  • KBRA’s Default Radar is a monthly tracker that identifies worrisome credits for potential defaults in the U.S. direct lending space.

KBRA Assigns Preliminary Ratings to DC Trust 2024-HLTN

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星期三, 三月 20, 2024
Professional Services, Finance, Methodology, RevPAR, ADR, Acquisition, KBRA, TTM, Morgan Stanley, Washington Hilton, CMBS, NCF, FedEx, Restaurant, FedEx Office, KLTV, Engineering, Telescopic sight

KBRA announces the assignment of preliminary ratings to eight classes of DC Trust 2024-HLTN, a CMBS single-borrower securitization.

Key Points: 
  • KBRA announces the assignment of preliminary ratings to eight classes of DC Trust 2024-HLTN, a CMBS single-borrower securitization.
  • The collateral for the transaction is a $229.7 million non-recourse, first lien mortgage loan that is expected to be originated by Morgan Stanley.
  • The fixed rate loan has a four-year term and requires monthly interest-only payments that will be based on an estimated coupon of 7.90%.
  • The mortgage loan will be secured by the borrower’s fee simple interest in the Washington Hilton, a 1,107-key full-service hotel located in Washington, DC, in the Dupont Circle neighborhood.

OpenBOM helps TTM Technologies enhance team effectiveness and facilitate a smooth transition from early-stage design to manufacturing

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星期二, 四月 2, 2024
Multi-factor authentication, ROI, Polychlorinated biphenyl, Original equipment manufacturer, PDM, Research, BOM, Acquisition, Software, Agile, TTM, Plant, AMG, Education minister, IP, Intellectual property, Engineering, UI, PLM, Video game

NEWTON, Mass., April 2, 2024 /PRNewswire-PRWeb/ -- OpenBOM, a leading provider of cloud-based PDM and PLM software helping manufacturing companies to manage their digital product information organizing bill of materials and parts, inventories and managing digital thread of information across value chain connecting OEMs, contractors and suppliers, today announced that TTM Advanced Manufacturing Group is using OpenBOM to enhance team effectiveness and facilitate a smooth transition from early-stage design to manufacturing.

Key Points: 
  • The TTM Advanced Manufacturing Group relies on OpenBOM to streamline the transition from design to manufacturing, saving significant engineering hours each week.
  • Overall, OpenBOM empowers TTM's Advanced Manufacturing Group to optimize operations and innovate in the digital supply chain.
  • TTM Advanced Manufacturing Group (AMG) is responsible for the design and creation of in-house manufacturing machinery and software to support TTM plants in North America and Asia Pacific, and OpenBOM is a key enabling technology for the team.
  • Let's take a deeper dive into the technical issues TTM is solving with OpenBOM and how TTM's Advanced Manufacturing Group is deploying OpenBOM.

New Product Release -- The Pactiv LoadSlammer Accelerates Power Testing by a factor of 200 for AI/ CPU/ FPGA/ Networking Chips

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星期二, 三月 19, 2024
2000s, PDN, Capital, Pressure, Software, System, Power Management Bus, TTM, Ecosystem, API, AVS, Multimedia, VRO, OAM

The most advanced chips being introduced to the market today can cost more than $5Bn and many years to develop.

Key Points: 
  • The most advanced chips being introduced to the market today can cost more than $5Bn and many years to develop.
  • Roger Beeston, CEO of ProGrAnalog said, "The Pactiv Solution enables 200x faster validation and testing than conventional Active or Passive testing solutions.
  • The Pactiv LoadSlammer is a 1.5KW transient and/ or continuous power testing solution.
  • Turnkey testing solutions include liquid cooling, TeraDeep Orac Memory and Waveform Controller, Pactiv head unit and all the associated Software.

AirBoss Reports 4th Quarter and Full Year 2023 Results

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星期四, 三月 7, 2024
Acquisition, International, Manufacturing, Research, AirBoss of America, Traction, ARS, Special, Investment, TSX, Health, Growth, Original equipment manufacturer, TTM, Adjustment, AMP, HHS, BOS, Public expenditure, OTCQX, Table tennis rubber, Natural rubber, Bank statement, International Financial Reporting Standards, Depreciation

For the quarter and 2023, volume was down 17.5% with decreases across the majority of sectors given softness in many customer sectors.

Key Points: 
  • For the quarter and 2023, volume was down 17.5% with decreases across the majority of sectors given softness in many customer sectors.
  • Tolling volume was down 63.0% in the quarter and 59.6% in 2023, from the comparable periods in 2022.
  • Non-tolling volume was down 9.9% for the quarter and by 7.4% in 2023, compared to the same periods in 2022.
  • AirBoss now reports results under two segments: (1) AirBoss Rubber Solutions (“ARS”), and (2) AirBoss Manufactured Products (“AMP”).

W&T Offshore Announces Fourth Quarter and Full Year 2023 Results Including Year-End 2023 Proved Reserves, Provides Guidance for 2024, and Declares Dividend for First Quarter of 2024

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星期二, 三月 5, 2024
Acquisition, Production, Senior, Depreciation, Holy Grail, Balance sheet, Joint venture, ARO, Free cash flow, Natural gas, Cost, Term loan, Debt, British thermal unit, Capital expenditure, Table, Transport, NGL, TTM, Atlas, GAAP, Comparable, Bankruptcy, GOM, LOE, Policy, Tax, Public expenditure, Investment, Hand, G&A, Oil

Detailed guidance for the first quarter of 2024 and full year 2024 was also provided, and W&T announced its dividend for the first quarter of 2024.

Key Points: 
  • Detailed guidance for the first quarter of 2024 and full year 2024 was also provided, and W&T announced its dividend for the first quarter of 2024.
  • We remain committed to enhancing shareholder value and returning value to our shareholders through the quarterly dividend announced in November 2023.
  • The W&T year-end 2023 proved reserves do not include the 18.7 MMBoe of proved reserves acquired in early January 2024 for $72 million.
  • W&T’s reserve life ratio at year-end 2023, based on year-end 2023 proved reserves and 2023 production, was 9.7 years.