
SkyWater Technology to Announce Second Quarter Financial Results on August 6, 2025
SkyWater Technology Fiscal Second Quarter 2025 Earnings Webcast
When: Wednesday, August 6, 2025
Time: 3:30 p.m. CDT (4:30 p.m. EDT)
Live Webcast: available at https://ir.skywatertechnology.com or directly at https://events.q4inc.com/attendee/668436318.
An archived webcast will be available on SkyWater Technology's Investor Relations page: https://ir.skywatertechnology.com.
About SkyWater Technology
SkyWater (NASDAQ: SKYT) is a U.S.-based semiconductor manufacturer and a DMEA-accredited Category 1A Trusted Supplier. SkyWater's Technology as a Service model streamlines the path to production for customers with development services, high-volume production and heterogeneous integration solutions in its U.S. facilities. This pioneering model enables innovators to co-create the next wave of technology within diverse categories including mixed-signal CMOS, read-out ICs, embedded computing, rad-hard ICs, memory and logic devices, power management ICs, MEMS, superconducting ICs, photonics and advanced packaging. SkyWater serves the growing markets of aerospace & defense, automotive, biomedical, industrial and quantum computing. For more information, visit: www.skywatertechnology.com.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Business Wire
8 minutes ago
- Business Wire
AM Best Affirms Credit Ratings of Emirates Insurance Company P.J.S.C.
LONDON--(BUSINESS WIRE)-- AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of 'a-' (Excellent) of Emirates Insurance Company P.J.S.C. (EIC) (United Arab Emirates) [UAE]. The outlook of these Credit Ratings (ratings) is stable. The ratings reflect EIC's balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, limited business profile and appropriate enterprise risk management. EIC's balance sheet strength is underpinned by its risk-adjusted capitalisation, as measured by Best's Capital Adequacy Ratio (BCAR), which was comfortably above the threshold for the strongest assessment as at year-end 2024. AM Best expects the company's risk-adjusted capitalisation to remain comfortably at the strongest level after the AED 141 million share buyback that took place in early 2025, and over the medium term, underpinned by sufficient organic capital generation to support growth. The company's balance sheet strength assessment benefits from its strong liquidity and prudent reserving practices. AM Best views EIC as having a moderately high reliance on reinsurance; however, the associated credit risk is mitigated in part by the use of a diversified reinsurance panel of sound financial strength. EIC has a track record of strong operating performance, with profits reported in each of the last five years (2020-2024). Results over that period were underpinned by strong underwriting performance and good investment returns, resulting in a return on equity that fluctuated between 5% and 10%. Despite the significant UAE flood event in 2024, EIC reported good results for the year, evidenced by a net-net combined ratio (as calculated by AM Best) of 92.7% (2023: 89.7%). Technical results have improved over the first six months of 2025, supported by robust rate increases, as well as the absence of any large loss events. EIC maintains a well-established brand and position in the UAE insurance market, ranking as the seventh-largest listed insurer in the UAE in 2024 by insurance revenue. The company reported insurance revenue of AED 1.35 billion in 2024 (USD 367 million), a 19% increase on 2023. EIC writes a diversified portfolio, which consists of non-life insurance, as well as reinsurance businesses. EIC's business profile is enhanced by geographic diversification from its specialist international reinsurance arm, which contributed approximately 15% of insurance revenue in 2024. This press release relates to Credit Ratings that have been published on AM Best's website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best's Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper use of Best's Credit Ratings, Best's Performance Assessments, Best's Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best's Ratings & Assessments.


Business Wire
8 minutes ago
- Business Wire
Symetra Named to 2025 PEOPLE ® Companies That Care™ List
BELLEVUE, Wash.--(BUSINESS WIRE)--Symetra Life Insurance Company, a national provider of life, retirement and employee benefits insurance products, announced that it has been named to the 2025 PEOPLE ® Companies That Care List ™, coming in at No. 71 among the top 100 organizations recognized. Compiled by Great Place To Work ® and PEOPLE magazine, the annual list honors companies that 'go the extra mile to honor their customers, empower their employees, and make the world a better place.' 'Serving our customers, supporting our employees, and innovating for the future are critically important to our long-term success, but equally vital is our work to support and give back to our communities." — Symetra CEO Margaret Meister Share 'Witnessing the innovative spirit with which these companies invest in their employees, communities, and the world is truly invigorating," says Charlotte Triggs, PEOPLE GM and editor-in-chief. 'Their commitment reflects our mission, to feature what happens when ordinary people do extraordinary work.' The Companies That Care List is based on over 1.3 million employee survey responses and data from Great Place To Work Certified™ companies representing the experience of more than 8.4 million employees. More than a million surveys came from employees at companies eligible for this year's list, and these rankings are based on that feedback. When surveyed, 92 percent of Symetra's employees said the company is a great place to work, and 95 percent of those surveyed said they felt good about the ways Symetra contributed to the community. 'Symetra is incredibly proud to be recognized by PEOPLE and Great Place to Work and included among the organizations whose culture reflects a commitment to community,' said Margaret Meister, president and CEO, Symetra Financial Corp. 'Serving our customers, supporting our employees, and innovating for the future are critically important to our long-term success, but equally vital is our work to support and give back to our communities. Through our corporate social responsibility program, Symetra Social Impact, we aim to be intentional and transparent about the goals we've set and the progress we're making to create positive impact for people and for the planet alongside our community partners.' 'Businesses are vital pillars in the communities where they operate,' says Michael C. Bush, CEO of Great Place To Work. 'Caring for your people and your community isn't something you do after you build a successful business; it's how to make your business successful.' The Companies That Care ranking is among multiple recognitions Symetra has recently earned. In May, the company was named to the Puget Sound Business Journal's Corporate Philanthropists list in the large company category for the fifth consecutive year. In 2024, Symetra was again recognized as a Fortune Best Workplaces for Women™ and a Fortune Best Workplaces in Financial Services & Insurance™ and also earned Fortune Best Workplaces for Parents™ and Fortune Best Workplaces for Millennials™ honors. To learn more about Symetra Social Impact and how we support our employees' volunteerism and giving efforts, visit About Symetra Symetra Life Insurance Company is a subsidiary of Symetra Financial Corporation, a diversified financial services company based in Bellevue, Washington. In business since 1957, Symetra provides employee benefits, annuities and life insurance through a national network of benefit consultants, financial institutions, and independent financial professionals and insurance producers. For more information, visit About Great Place To Work As the global authority on workplace culture, Great Place To Work brings 30 years of groundbreaking research and data to help every place become a great place to work for all. Its proprietary platform and Great Place To Work Model™ help companies evaluate the experience of every employee, with exemplary workplaces becoming Great Place To Work Certified and receiving recognition on a coveted Best Workplaces™ List. About the PEOPLE Companies That Care List Great Place To Work selected the 2025 PEOPLE Companies That Care List by gathering and analyzing over 1.3 million confidential survey responses from companies representing more than 8.4 million U.S. employees at Great Place To Work Certified organizations. Of those, more than a million responses came from employees at companies eligible for the list and these rankings are based on that feedback. Company rankings are derived from 60 employee experience questions within the Great Place To Work Trust Index™ Survey. PEOPLE's Companies That Care Logo® is a registered trademark of TI Gotham, Inc., a Dotdash Meredith company. Used under license.


Business Wire
8 minutes ago
- Business Wire
ComEd Urges Customers to Take Advantage of ComEd Bill-Support Options Available Amid Peak Energy Usage Season
CHICAGO--(BUSINESS WIRE)--As northern Illinois continues to experience hotter-than-normal summer temperatures, ComEd encourages customers to explore the wide range of programs it offers to help with past-due balances, as well as offerings that can help them manage energy use to save money on future bills. Increased usage this summer and the end of the Low-Income Home Energy Assistance Program (LIHEAP) funding season on Aug. 15 make the need for energy assistance more important than ever. 'We know that for many customers, every dollar matters — and a higher electric bill can be stressful, especially in the summer when kids were on break and cooling the home is essential,' said Melissa Washington, ComEd's SVP of Customer Operations and Strategic Initiatives. 'To help with the rise in energy costs this summer, driven in part by hotter-than normal temperatures and rising supply market costs, ComEd is reminding customers to take advantage of bill-support options to help make ends meet. So far this year, these programs have helped connect over 130,000 customers with more than $65 million in relief and we continue to work with state and community partners to reach those in need.' Rising bills are driven in part by this summer's severe and prolonged heat, with the region already experiencing nearly 30 days with temperatures at or above 90°F, up from the average summer with just 17 days reaching 90°F. Energy usage has increased by as much as 15 percent in July alone, as customers turn to air conditioning and fans to stay safe and comfortable. What's more, rising supply charges stemming from the PJM auction reflect the cost of rising demand and fewer available generation resources. To make it easier for customers to access ComEd support options, the company works with community action agencies across northern Illinois to help connect customers with bill-assistance options that get them back on track. 'At CEDA, we see firsthand how critical energy assistance is for families, especially during extreme weather and with the rise in utility costs,' said Latoya Butler, Vice President of Energy Services at CEDA. 'We encourage households to explore ComEd's bill support programs today and to prepare for the opening of the new LIHEAP season on October 1. Taking action ensures families can stay safe, comfortable, and connected to the resources they need.' For customers who may need assistance with their bills, regardless of whether they qualified during the current LIHEAP cycle, ComEd encourages them to take advantage of its menu of assistance and energy-savings options. ComEd's Supplemental Arrearage Reduction (SARP), which is available to ComEd residential customers who qualify to receive energy-assistance benefits from LIHEAP. Catch Up and Save: A two-part program that provides monthly credits to an eligible customer's bill to eliminate past-due balances, as well as a free energy savings kit – while supplies last – to help families save on future energy bills. Each kit includes home products designed to help lower home energy use while improving the efficiency of the home. A flexible deferred payment arrangement of up to 12 months for eligible residential customers with past-due balances. Make a down payment on the amount owed and pay the rest through installments in addition to your regular monthly bill. Budget billing, which provides a predictable monthly amount due based on your electricity usage from the last 12 months. Flexible payment options like 21-day extensions on a customer's due date. High-usage alerts, which let customers know when their usage is trending higher than normal to help manage overall energy use, and energy-management tips to save money now and on future energy bills. Community solar allows customers to participate in the benefits of clean solar energy without installing panels on their own homes. Participants subscribe to a solar energy project and earn credits on their monthly utility bills for their portion of the energy produced by the solar project. Energy-efficiency offerings, including services and incentives designed for income-eligible residential customers which can help reduce energy use now and in the future. In anticipation of energy costs rising and the hot weather season, in June, ComEd launched a one-time Customer Relief Fund to support residential and nonprofit customers. Once fully disbursed later this summer, ComEd anticipates the fund will help as many as 20,000 residential and nonprofit customers who are behind in their energy bills. This program acts as a bridge to additional permanent solutions for low-income customers, with the launch of the Low-Income Discount (LID) program next year. LID will enable qualifying income-eligible customers to receive a percentage-based discount on their monthly electric bill determined by income level. Customers can visit to learn more about and enroll in programs to help them with their current and future energy bills. Additionally, ComEd teams up with community agencies and organizations to host a variety of award-winning resource fairs where customers can connect live, in real-time, with ComEd billing specialists.