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LAS VEGAS--(BUSINESS WIRE)--Nov 21, 2024-- Rimini Street, Inc. (Nasdaq: RMNI), a global provider of end-to-end enterprise software support and innovation solutions, the leading third-party support provider for Oracle, SAP, and VMware software, today announced Rimini ConnectTM Console , a single-pane-of-glass management tool that unifies and simplifies the administration and monitoring of Rimini ConnectTM, Rimini Street’s industry-leading suite of interoperability solutions. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241121087329/en/ Rimini Street Announces New Management Console for Rimini ConnectTM Suite of Interoperability Solutions (Graphic: Business Wire) Immediately available for Rimini ConnectTM for Browsers and for additional Rimini Connect solutions in the future, Rimini Connect Console is the latest advancement in Rimini Street’s interoperability solutions suite which are designed to extend the useful life of existing systems by insulating applications from changes in dynamic technology stacks and compatibility standards that may otherwise require costly upgrades or custom development. Rimini Connect Console unifies and automates several important capabilities into one centralized management tool, including: “Maintaining application interoperability with constant updates to dynamic technology stacks is a challenging, costly and never-ending effort that consumes potentially millions of dollars in forced software upgrades or development of custom, highly technical solutions,” said Desmond Whitt, vice president & general manager of Rimini Connect, adding that “Rimini Connect solutions future-proof your enterprise software against interoperability issues and Rimini Connect Console is designed to unify and streamline the monitoring and management of Rimini Connect solutions at scale, beginning with Rimini Connect for Browsers.” Rimini Connect Helps Businesses Achieve Modernization Without Disruption Built on Rimini Street’s experience of successfully resolving thousands of compatibility issues for clients since 2005, Rimini Connect provides a suite of seamless interoperability solutions that can resolve compatibility issues without requiring an upgrade of your core enterprise software. For example, Rimini Connect for Browsers enables IT teams to implement the latest releases of browsers without delay or worry of negative impact to current application releases. It also strategically decouples existing enterprise software from technology stack version dependencies, providing the flexibility needed for organizations to take control of their IT roadmap. Officeworks , a leading Australian retailer with over 167 stores nationwide and already a Rimini Street client for support of their SAP systems, deployed Rimini Connect for Browsers when Microsoft announced it would retire Internet Explorer 11. They needed to ensure their mission-critical applications would not be jeopardized by the change in browser availability or require an expensive, disruptive upgrade to maintain compatibility. “This project really was a collaborative experience with the Rimini Street team.... For us, it was about making this transition as seamlessly as possible without any interruption to business, and Rimini Street helped us achieve that,” said Michael Howard, chief operating officer at Officeworks. Rimini Street Continues to Invest in the Future of its Clients with New Interoperability Capabilities Known for helping clients maximize the potential of their IT investments, gain flexibility, and enjoy better support and savings from a trusted partner, Rimini Street continues to invest in interoperability solutions like Rimini Connect Console that help clients at scale to future-proof and extend the useful lifespan of their existing, robust systems without worrying about changing compatibility standards. “Rimini Connect Console is the latest of our continuously expanding offerings to help organizations achieve their goal of growth and profitability while reducing risk,” said Whitt. “We not only help extend the life of systems, we also help make it easier to manage them, lessening overhead costs and freeing teams to focus on higher value priorities for the business.” Learn more about how to remove interoperability challenges without upgrades by choosing Rimini Connect . About Rimini Street, Inc. Rimini Street, Inc. (Nasdaq: RMNI), a Russell 2000® Company, is a global provider of end-to-end enterprise software support and innovation solutions and the leading third-party support provider for Oracle, SAP and VMware software. The Company offers a comprehensive portfolio of unified solutions to run, manage, support, customize, configure, connect, protect, monitor, and optimize enterprise application, database, and technology software. The Company has signed thousands of contracts with Fortune Global 100, Fortune 500, midmarket, public sector and government organizations who selected Rimini Street as their trusted, proven mission-critical enterprise software solutions provider and achieved better operational outcomes, realized billions of US dollars in savings and funded AI and other innovation investments. To learn more, please visit www.riministreet.com , and connect with Rimini Street on X, Facebook, Instagram, and LinkedIn. Forward-Looking Statements Certain statements included in this communication are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “anticipate,” “believe,” “continue,” “could,” “currently,” “estimate,” “expect,” “future,” “intend,” “may,” “might,” “outlook,” “plan,” “possible,” “potential,” “predict,” “project,” “seem,” “seek,” “should,” “will,” “would” or other similar words, phrases or expressions. These forward-looking statements include, but are not limited to, statements regarding our expectations of future events, future opportunities, global expansion and other growth initiatives and our investments in such initiatives. These statements are based on various assumptions and on the current expectations of management and are not predictions of actual performance, nor are these statements of historical facts. These statements are subject to a number of risks and uncertainties regarding Rimini Street’s business, and actual results may differ materially. These risks and uncertainties include, but are not limited to, adverse developments in and costs associated with defending pending litigation or any new litigation, including the disposition of pending motions to appeal and any new claims; additional expenses to be incurred in order to comply with injunctions against certain of our business practices and the impact on future period revenue and costs; changes in the business environment in which Rimini Street operates, including the impact of any macro-economic trends and changes in foreign exchange rates, as well as general financial, economic, regulatory and political conditions affecting the industry in which we operate and the industries in which our clients operate; the evolution of the enterprise software management and support landscape and our ability to attract and retain clients and further penetrate our client base; significant competition in the software support services industry; customer adoption of our expanded portfolio of products and services and products and services we expect to introduce; our ability to grow our revenue, manage our cost of revenue and accurately forecast revenue; the expected impact of recent and anticipated future reductions in our workforce and associated reorganization costs; estimates of our total addressable market and expectations of client savings relative to use of other providers; variability of timing in our sales cycle; risks relating to retention rates, including our ability to accurately predict retention rates; the loss of one or more members of our management team; our ability to attract and retain additional qualified personnel, including sales personnel, and retain key personnel; our business plan, our ability to grow in the future and our ability to achieve and maintain profitability; our plans to wind down the offering of services for Oracle PeopleSoft products; the volatility of our stock price and related compliance with stock exchange requirements; our need and ability to raise equity or debt financing on favorable terms and our ability to generate cash flows from operations to help fund increased investment in our growth initiatives; risks associated with global operations; our ability to prevent unauthorized access to our information technology systems and other cybersecurity threats, protect the confidential information of our employees and clients and comply with privacy regulations; our ability to maintain an effective system of internal control over financial reporting; our ability to maintain, protect and enhance our brand and intellectual property; changes in laws and regulations, including changes in tax laws or unfavorable outcomes of tax positions we take, a failure by us to establish adequate tax reserves, or our ability to realize benefits from our net operating losses; the impact of environmental, social and governance (ESG) matters; our credit facility’s ongoing debt service obligations and financial and operational covenants on our business and related interest rate risk, including uncertainty from the transition to SOFR or other interest rate benchmarks; the sufficiency of our cash and cash equivalents to meet our liquidity requirements; the amount and timing of repurchases, if any, under our stock repurchase program and our ability to enhance stockholder value through such program; uncertainty as to the long-term value of Rimini Street’s equity securities; catastrophic events that disrupt our business or that of our clients; and those discussed under the heading “Risk Factors” in Rimini Street’s Quarterly Report on Form 10-Q filed on October 30, 2024, and as updated from time to time by Rimini Street’s future Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and other filings by Rimini Street with the Securities and Exchange Commission. In addition, forward-looking statements provide Rimini Street’s expectations, plans or forecasts of future events and views as of the date of this communication. Rimini Street anticipates that subsequent events and developments will cause Rimini Street’s assessments to change. However, while Rimini Street may elect to update these forward-looking statements at some point in the future, Rimini Street specifically disclaims any obligation to do so, except as required by law. These forward-looking statements should not be relied upon as representing Rimini Street’s assessments as of any date subsequent to the date of this communication. View source version on businesswire.com : https://www.businesswire.com/news/home/20241121087329/en/ CONTACT: Janet Ravin VP, Global Communications Rimini Street, Inc. +1 702 285-3532 pr@riministreet.com KEYWORD: NEVADA UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: DATA MANAGEMENT APPS/APPLICATIONS TECHNOLOGY SOFTWARE NETWORKS INTERNET HARDWARE SOURCE: Rimini Street, Inc. Copyright Business Wire 2024. PUB: 11/21/2024 04:00 PM/DISC: 11/21/2024 04:00 PM http://www.businesswire.com/news/home/20241121087329/enSan Francisco 49ers quarterback Brandon Allen will start for injured starter Brock Purdy on Sunday at the Green Bay Packers, per head coach Kyle Shanahan to reporters . Purdy is dealing with soreness in his right (throwing) shoulder stemming from his team's recent 20-17 home loss to the Seattle Seahawks, per Shanahan on Monday (h/t ESPN's Nick Wagoner ). Purdy was a limited participant in practice on Wednesday and Thursday, but he was wasn't on the field in uniform during the early open portion of practice Friday. Joshua Dobbs, who most recently excelled with the Minnesota Vikings last year after briefly taking over for an injured Kirk Cousins, will serve as Allen's backup. The 32-year-old Allen has played in 16 games (nine starts) over five seasons (2019-2022, 2024) for the Denver Broncos, Cincinnati Bengals and 49ers. He's completed 56.7 percent of his passes for 1,611 yards (6.1 yards per attempt), 10 touchdowns and six interceptions. Allen enters a tough road environment against a 7-3 Packers team that looks bound for the playoffs. He also may be without superstar left tackle Trent Williams, who suffered an ankle injury in Week 10 and has missed practice all week. Worse yet, the 49ers will be more shorthanded on the defensive end with star edge-rusher Nick Bosa out with an oblique/hip issue, per Shanahan . So San Francisco will go into this game as a significant underdog. It's already been an inconsistent season for the 5-5 49ers, who have notably been mediocre on the defensive end (16th in points per game allowed). The offense is still a respectable eighth, and that's without running back Christian McCaffrey as he dealt with Achilles tendinitis that kept him out for the first eight contests. But the defending NFC champions certainly expected more after entering the year with Super Bowl aspirations. That's still feasible, especially with no team running away with the NFC West. The 6-4 Arizona Cardinals currently lead the way, so the 49ers can catch them, grab a home game in the wild card round and make a run at it. But San Francisco has Green Bay and then the 9-2 Buffalo Bills on the road back-to-back. If Purdy is forced to sit another game, San Francisco could find itself at 5-7 and needing to run the table to make the playoffs. For now, the 49ers hope Allen could do well enough in Purdy's absence to grab a win in Green Bay. Kickoff is set for 4:25 p.m. ET in Lambeau Field.
Natixis Advisors LLC lifted its holdings in shares of SPDR S&P Dividend ETF ( NYSEARCA:SDY – Free Report ) by 23.3% during the 3rd quarter, Holdings Channel.com reports. The fund owned 28,194 shares of the company’s stock after buying an additional 5,324 shares during the period. Natixis Advisors LLC’s holdings in SPDR S&P Dividend ETF were worth $4,005,000 as of its most recent SEC filing. A number of other hedge funds have also recently modified their holdings of SDY. Joel Isaacson & Co. LLC lifted its position in SPDR S&P Dividend ETF by 1.2% during the 3rd quarter. Joel Isaacson & Co. LLC now owns 2,461,997 shares of the company’s stock worth $349,702,000 after acquiring an additional 30,381 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of SPDR S&P Dividend ETF by 13,497.7% during the third quarter. International Assets Investment Management LLC now owns 1,174,296 shares of the company’s stock worth $166,797,000 after purchasing an additional 1,165,660 shares during the period. Cetera Investment Advisers grew its position in SPDR S&P Dividend ETF by 283.2% in the 1st quarter. Cetera Investment Advisers now owns 688,750 shares of the company’s stock valued at $90,392,000 after buying an additional 509,007 shares during the last quarter. Creative Planning grew its position in SPDR S&P Dividend ETF by 1.1% in the 2nd quarter. Creative Planning now owns 461,739 shares of the company’s stock valued at $58,724,000 after buying an additional 4,963 shares during the last quarter. Finally, Elk River Wealth Management LLC grew its holdings in SPDR S&P Dividend ETF by 2.2% during the third quarter. Elk River Wealth Management LLC now owns 385,024 shares of the company’s stock worth $54,690,000 after acquiring an additional 8,194 shares during the period. SPDR S&P Dividend ETF Stock Up 0.7 % NYSEARCA:SDY opened at $142.31 on Friday. The firm’s fifty day simple moving average is $140.83 and its 200-day simple moving average is $135.19. The stock has a market cap of $22.51 billion, a PE ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a fifty-two week low of $118.33 and a fifty-two week high of $144.06. SPDR S&P Dividend ETF Company Profile The SPDR S&P Dividend ETF seeks to closely match the returns and characteristics of the S&P High Yield Dividend Aristocrats Index (the Index). The Index is designed to measure the performance of the 60 highest dividend yielding S&P Composite 1500 Index constituents that have followed a managed-dividends policy of consistently increasing dividends every year for at least 25 consecutive years. Read More Want to see what other hedge funds are holding SDY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR S&P Dividend ETF ( NYSEARCA:SDY – Free Report ). Receive News & Ratings for SPDR S&P Dividend ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR S&P Dividend ETF and related companies with MarketBeat.com's FREE daily email newsletter .
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AUSTIN, Texas--(BUSINESS WIRE)--Dec 5, 2024-- Elizabeth LaPuma, Chairwoman of the Board and Director of Ionic Digital, Inc., (“Ionic” or the “Company”), a digital infrastructure and cryptocurrency mining company, announced on behalf of the Company the voluntary resignation of Interim Chief Executive Officer and Chief Financial Officer, John Penver, effective immediately. The Company’s senior leadership personnel, with the assistance of its Board of Directors, will lead day-to-day operations. Ionic and its Board of Directors expect to name an Interim Chief Executive Officer and Chief Financial Officer to continue to execute and operationalize its business strategy and make progress in completing its audit in early 2025 while its search process for permanent executives continues. “We thank John for his commitment and contributions to Ionic during his tenure,” said LaPuma. “We have full confidence in Company leadership and its highly qualified team to execute day-to-day operations while we work to identify interim and full-time executives to advance our mission and drive shareholder value.” In its commitment to frequent communication and engagement, Ionic intends to update its shareholders on its management and operating plans in the coming weeks. About Ionic Digital Ionic Digital is a prominent Bitcoin miner and emerging innovator in energy monetization. With facilities across North America, Ionic expects to have the ability to deploy up to 13.7 exahash to the Bitcoin Network. For more information, visit ionicdigital.com and follow us on X at @IonicDigital. View source version on businesswire.com : https://www.businesswire.com/news/home/20241205346098/en/ CONTACT: Media: pr@ionicdigital.com KEYWORD: UNITED STATES NORTH AMERICA TEXAS INDUSTRY KEYWORD: FINANCE CRYPTOCURRENCY PROFESSIONAL SERVICES DIGITAL CASH MANAGEMENT/DIGITAL ASSETS TECHNOLOGY SOURCE: Ionic Digital Copyright Business Wire 2024. PUB: 12/05/2024 05:10 PM/DISC: 12/05/2024 05:10 PM http://www.businesswire.com/news/home/20241205346098/enHurricanes rally with 5-goal third period, beating the Stars
Principal Financial Group Inc. acquired a new position in Repay Holdings Co. ( NASDAQ:RPAY – Free Report ) during the third quarter, HoldingsChannel.com reports. The fund acquired 137,514 shares of the company’s stock, valued at approximately $1,122,000. Other large investors have also added to or reduced their stakes in the company. Janus Henderson Group PLC lifted its position in Repay by 8.8% during the 1st quarter. Janus Henderson Group PLC now owns 2,871,790 shares of the company’s stock worth $31,589,000 after buying an additional 233,334 shares in the last quarter. Marshall Wace LLP acquired a new position in Repay during the second quarter valued at approximately $1,365,000. American Century Companies Inc. grew its stake in Repay by 6.7% in the second quarter. American Century Companies Inc. now owns 2,532,717 shares of the company’s stock valued at $26,745,000 after purchasing an additional 158,668 shares in the last quarter. Millennium Management LLC increased its position in shares of Repay by 182.1% during the 2nd quarter. Millennium Management LLC now owns 2,329,671 shares of the company’s stock worth $24,601,000 after purchasing an additional 1,503,919 shares during the last quarter. Finally, River Road Asset Management LLC raised its stake in shares of Repay by 89.9% during the 3rd quarter. River Road Asset Management LLC now owns 1,891,109 shares of the company’s stock worth $15,431,000 after purchasing an additional 895,429 shares in the last quarter. Institutional investors and hedge funds own 82.73% of the company’s stock. Insider Activity In other news, EVP Jacob Hamilton Moore sold 210,632 shares of the business’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $8.31, for a total value of $1,750,351.92. Following the completion of the sale, the executive vice president now owns 240,130 shares of the company’s stock, valued at approximately $1,995,480.30. The trade was a 46.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link . Over the last quarter, insiders have sold 269,524 shares of company stock valued at $2,222,784. 11.00% of the stock is owned by insiders. Analyst Ratings Changes Check Out Our Latest Research Report on Repay Repay Trading Up 0.2 % RPAY stock opened at $8.05 on Friday. Repay Holdings Co. has a one year low of $7.04 and a one year high of $11.27. The stock has a market cap of $785.92 million, a price-to-earnings ratio of -9.25 and a beta of 1.44. The company has a fifty day moving average price of $8.07 and a two-hundred day moving average price of $9.00. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.70 and a quick ratio of 2.70. Repay ( NASDAQ:RPAY – Get Free Report ) last announced its earnings results on Tuesday, November 12th. The company reported $0.23 EPS for the quarter, hitting the consensus estimate of $0.23. The business had revenue of $79.15 million during the quarter, compared to the consensus estimate of $78.97 million. Repay had a negative net margin of 25.53% and a positive return on equity of 8.73%. Repay’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.16 EPS. Equities analysts anticipate that Repay Holdings Co. will post 0.73 EPS for the current year. About Repay ( Free Report ) Repay Holdings Corporation, payments technology company, provides integrated payment processing solutions to industry-oriented markets in the United States. It operates through two segments: Consumer Payments and Business Payments. The company's payment processing solutions enable consumers and businesses to make payments using electronic payment methods. Featured Articles Want to see what other hedge funds are holding RPAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Repay Holdings Co. ( NASDAQ:RPAY – Free Report ). Receive News & Ratings for Repay Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Repay and related companies with MarketBeat.com's FREE daily email newsletter .
WESTLAKE, Ohio--(BUSINESS WIRE)--Dec 11, 2024-- Nordson Corporation (Nasdaq: NDSN) today reported results for the fiscal fourth quarter ended October 31, 2024. Sales were $744 million, a 4% increase compared to the prior year’s fourth quarter sales of $719 million. The increase in fourth quarter 2024 sales included the favorable 6% impact of acquisitions and favorable currency translation of 1%, offset by an organic sales decrease of 3%. Net income was $122 million, or earnings per diluted share of $2.12, compared to prior year’s fourth quarter net income of $128 million, or earnings per diluted share of $2.22. Adjusted net income was $160 million, an increase from prior year adjusted net income of $156 million. Fourth quarter 2024 adjusted earnings per diluted share were $2.78 compared to prior year adjusted earnings per diluted share of $2.71. EBITDA in the fourth quarter was $241 million, or 32% of sales, an increase of 4% compared to prior year EBITDA of $227 million, also at 32% of sales. Commenting on the Company’s fiscal 2024 fourth quarter results, Nordson President and Chief Executive Officer Sundaram Nagarajan said, “I appreciate our team’s focus and commitment to our customers, which delivered results above our fourth quarter guidance expectations. Our Advanced Technology Solutions segment delivered year-over-year fourth quarter sales growth, as electronics demand continued to steadily improve at fiscal year-end. During the down electronics cycle, our ATS team holistically implemented the NBS Next growth framework, making them responsive to the needs of our customers while also delivering a strong incremental operating performance. Our industrial product lines performed well against record comparisons from prior year. I’m also pleased with the early integration of our Atrion Medical acquisition, which contributed positively to the quarter.” Fourth Quarter Segment Results Industrial Precision Solutions sales of $392 million decreased 3% compared to the prior year fourth quarter, driven by a 5% organic sales decrease, a favorable acquisition impact of 1%, and a favorable currency impact of 1%. The organic sales decrease, following record organic sales in prior year fourth quarter, was driven by our industrial coatings, polymer processing and precision agriculture product lines, partially offset by double-digit growth in nonwovens product lines. Operating profit was $126 million in the quarter, or 32% of sales, a decrease of 4% compared to the prior year operating profit. The decrease in operating profit was driven by lower sales. EBITDA in the quarter was $143 million, or 37% of sales, a 3% decrease from the prior year fourth quarter EBITDA of $148 million, which also was 37% of sales. Medical and Fluid Solutions sales of $200 million increased 19% compared to the prior year fourth quarter, driven primarily by the acquisition of Atrion, which offset an organic sales decrease of 3% and a favorable currency impact of 1%. The organic sales decrease was driven by softness in medical interventional solutions product lines, partially offset by modest growth in our medical fluid components and fluid solutions product lines. Operating profit totaled $44 million in the quarter, or 22% of sales, a decrease of 8% compared to the prior year operating profit. EBITDA in the quarter was $72 million, or 36% of sales, an increase versus the prior year fourth quarter EBITDA of $62 million, or 37% of sales. Advanced Technology Solutions sales of $152 million increased 5% compared to the prior year fourth quarter, driven by an organic sales increase of 4% and a favorable currency impact of 1%. The organic sales increase was driven by double-digit growth in select test and inspection product lines and modest growth in our electronics processing product lines. Operating profit totaled $33 million in the quarter, or 22% of sales, an increase of 6% compared to the prior year operating profit due to higher sales and improved profit margins. EBITDA in the quarter was $41 million, or 27% of sales, an increase from the prior year fourth quarter EBITDA of $35 million, or 24% of sales. Fiscal 2024 Full Year Results Sales for the fiscal year ended October 31, 2024, were a record $2.7 billion, an increase of 2% compared to the prior year. This sales growth was driven by a favorable acquisition impact of 5%, partially offset by a 3% decrease in organic volume. Net income was $467 million, or earnings per diluted share of $8.11, compared to prior year’s net income of $487 million, or earnings per diluted share of $8.46. Adjusted net income was $561 million, a decrease from prior year adjusted net income of $567 million. Adjusted earnings per diluted share were $9.73 compared to prior year adjusted earnings per diluted share of $9.85. EBITDA was $849 million, or 32% of sales, compared to prior year EBITDA of $819 million, or 31% of sales. Free cash flow for the full-year was $492 million, which was a conversion rate of 105% of net income. Reflecting on fiscal 2024, Mr. Nagarajan continued, “In 2021, we launched our Ascend strategy with the milestone of achieving $3 billion in annual sales and greater than 30% EBITDA margins by 2025. The strategy is delivering results and has ample runway to accelerate. Our diversified portfolio, built on our leadership in niche end markets with differentiated products, is delivering balanced results in the ever-changing macro environment. Our acquisition strategy is generating growth, and I am pleased with the integration and deployment of the NBS Next growth framework. We also continued to generate strong free cash flow in the year, allowing us to consistently reinvest in the business while returning cash to our shareholders.” Outlook Following four consecutive years of record-setting performance, we enter fiscal 2025 with approximately $580 million in backlog. Based on the combination of order entry, backlog, current exchange rates and anticipated end market expectations, we anticipate delivering sales in the range of $2,750 to $2,870 million in fiscal 2025. Full year fiscal 2025 adjusted earnings are forecasted in the range of $9.70 to $10.50 per diluted share. First quarter fiscal 2025 sales are forecasted in the range of $615 to $655 million with adjusted earnings in the range of $1.95 to $2.15 per diluted share. Commenting on fiscal 2025 guidance, Nagarajan said, “Considering the evolving global macro-environment, we are entering 2025 with a conservative viewpoint. The fiscal first quarter is seasonally Nordson’s weakest quarter due to the holiday and calendar year-end slowdowns and cautious customer spending. While we remain confident about the long-term growth drivers of our end markets, we are being prudent about our expectations for end market recovery timing, particularly for our electronics and agricultural product lines. Even in uncertain times, our team delivers operational excellence and strong cash flow due to our close-to-the-customer business model, diversified niche end markets, differentiated products and the NBS Next growth framework.” Nordson management will provide additional commentary on these results and outlook during its previously announced webcast on Thursday, December 12, 2024 at 8:30 a.m. eastern time, which can be accessed at https://investors.nordson.com . Information about Nordson’s investor relations and shareholder services is available from Lara Mahoney, vice president, investor relations and corporate communications at (440) 204-9985 or lara.mahoney@nordson.com . Certain statements contained in this release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by terminology such as “may,” “will,” “should,” “could,” “expects,” “anticipates,” “believes,” “projects,” “forecasts,” “outlook,” “guidance,” “continue,” “target,” or the negative of these terms or comparable terminology. These statements reflect management’s current expectations and involve a number of risks and uncertainties. These risks and uncertainties include, but are not limited to, U.S. and international economic conditions; financial and market conditions; currency exchange rates and devaluations; possible acquisitions, including the Company’s ability to successfully integrate acquisitions; the Company’s ability to successfully divest or dispose of businesses that are deemed not to fit with its strategic plan; the effects of changes in U.S. trade policy and trade agreements; the effects of changes in tax law; and the possible effects of events beyond our control, such as political unrest, including the conflict between Russia and Ukraine, acts of terror, natural disasters and pandemics, including the recent coronavirus (COVID-19) pandemic and the other factors discussed in Item 1A (Risk Factors) in the Company’s most recently filed Annual Report on Form 10-K and in its Forms 10-Q filed with the Securities and Exchange Commission, which should be reviewed carefully. The Company undertakes no obligation to update or revise any forward-looking statement in this press release. Nordson Corporation is an innovative precision technology company that leverages a scalable growth framework through an entrepreneurial, division-led organization to deliver top tier growth with leading margins and returns. The Company’s direct sales model and applications expertise serves global customers through a wide variety of critical applications. Its diverse end market exposure includes consumer non-durable, medical, electronics and industrial end markets. Founded in 1954 and headquartered in Westlake, Ohio, the Company has operations and support offices in over 35 countries. Visit Nordson on the web at www.nordson.com , linkedin/Nordson , or www.facebook.com/nordson . View source version on businesswire.com : https://www.businesswire.com/news/home/20241211087016/en/ CONTACT: Lara Mahoney Vice President, Investor Relations & Corporate Communications 440.204.9985 Lara.Mahoney@nordson.com KEYWORD: OHIO UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: ELECTRONIC DESIGN AUTOMATION PACKAGING ENGINEERING SEMICONDUCTOR TECHNOLOGY MANUFACTURING OTHER MANUFACTURING SOURCE: Nordson Corporation Copyright Business Wire 2024. PUB: 12/11/2024 04:30 PM/DISC: 12/11/2024 04:32 PM http://www.businesswire.com/news/home/20241211087016/en
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