Constellium: Q2 Earnings Snapshot
The Baltimore-based company said it had net income of 25 cents per share.
The aluminum company posted revenue of $2.1 billion in the period.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
22 minutes ago
- Yahoo
Running back James Cook's contract standoff with Bills reaches 3rd practice
PITTSFORD, N.Y. (AP) — The Buffalo Bills and James Cook are in agreement on at least one aspect of the running back's contract standoff, which had the starter skipping his third consecutive training camp practice on Wednesday. Neither side will hazard guessing on how much longer Cook will continue declining to practice in the fourth-year player's escalating bid to extend the final year of his contract. What's more evident is how the team and player aren't on the same page on various aspects of negotiations based on what people on each side of discussions told The Associated Press over the past two days. The people spoke to the AP on the condition of anonymity because the talks are private. Barring a sudden thaw in negotiations, it's unclear who is expected to take the next step to spur discussions. While the Bills have not ruled out potentially getting a deal done even if it means waiting until after the season, there's a difference over how optimistic each side is of having one in place before the season opens. The two sides also differ over whether Cook opened negotiations seeking a $15 million a year payday based on the player posting '$15 mill year' in a message he posted on social media in February. Though it's unclear how far apart they are on what's expected to be a three-year contract, Cook's current asking price ranges somewhere between $11 to $12.5 million in guaranteed money. How that fits in the Bills' long-term salary cap structure is unclear even for a player who co-led the NFL with 16 touchdowns rushing during Cook's breakout season in 2024. 'It's how do you divvy up your money? You don't want to lose a James Cook. He's a valuable piece to our team,' Bills GM Brandon Beane told The AP on July 25. 'But you also don't want to lose (left tackle) Dion Dawkins, (right tackle) Spencer Brown, the line we've put together or the money we put in the pass rush,' he added. 'Teams are forced with choices, and those choices get really hard once you've paid that quarterback.' Cook wound up being the odd-player out in Beane's offseason spree of signing four players entering their final contract seasons to extensions. Cook, meantime, believes he is deserving of a raise based on his production last year — his 16 TDs rushing tied a single-season team record — and the Bills placing an emphasis on a more balanced attack since Joe Brady took over as offensive coordinator midway through the 2023 season. 'I deserve what I want, what I need, and it's going to eventually happen,' Cook said, two days into training camp. 'I mean, however it happens, it's going to get done, wherever it happens.' He referred to viewing himself as one of the NFL's top running backs and added he didn't regret posting what he did on social media. Cook was a full practice participant during Buffalo's first eight practices, before starting his 'hold-in' on Sunday, when he watched from the sideline dressed in a white track suit. On Monday, he made a brief appearance before ducking out before practice began and did not return. Cook didn't make an appearance Wednesday, but is still present at camp. Buffalo closes camp in suburban Rochester, New York, with a practice Thursday before opening its preseason schedule by hosting the New York Giants on Saturday. The team will then resume practicing at its headquarters in Orchard Park. Cook fears risking injury while entering the final year of his contract. Though the Bills have backups Ray Davis and Ty Johnson in position to step in, they also face a risk should one of them get hurt. Bills players and coaches insist Cook's absence hasn't been a distraction. Brady said he's treated Cook's absence no different than how he's adapted his practice plans to take into account several players sidelined by injuries. 'You guys know how I feel about James and the love I have for him, and all that's out of my control in my hands,' Brady said. 'So I find out tomorrow, hey, Jimbo's going, I can focus on this. I find out it's two weeks, whenever that time comes, we'll adjust, we'll be ready to go.' ___ AP NFL:
Los Angeles Times
23 minutes ago
- Los Angeles Times
Teen destination Claire's files for second bankruptcy in 7 years
Claire's, the shopping mall chain that sells flashy accessories to teens and tweens, filed for Chapter 11 bankruptcy protection on Wednesday amid shrinking margins and pressure from online competitors. It's the second bankruptcy filing in seven years for the chain, which was once the go-to destination for ear piercing and cheap jewelry. The Hoffman Estates, Ill.-based company has 15 locations in the Los Angeles area and more than 100 in California. In a news release Wednesday, the company said its retail locations in North America will remain open during the bankruptcy process. The company operates 2,750 stores in 17 countries as well as 190 locations in North America under its Icing label, according to its website. 'This decision is difficult, but a necessary one,' Claire's Chief Executive Chris Cramer said in a statement. 'Increased competition, consumer spending trends and the ongoing shift away from brick-and-mortar retail, in combination with our current debt obligations and macroeconomic factors, necessitate this course of action for Claire's and its stakeholders,' he said. The company will continue to explore strategic alternatives and is in discussions with potential financial partners, the release said. The bankruptcy filing comes three months after the company deferred interest payments due late next year on a $480-million loan. Claire's estimated the total value of both its assets and liabilities to be between $1 billion and $10 billion. When the private company first filed for bankruptcy protection in 2018, it offloaded $1.9 billion in debt and emerged with $575 million in new capital. The company's decline aligns with the decreasing popularity of malls in recent years. Claire's storefronts used to be a staple in shopping malls across the country, where teen girls could shop for colorful items such as hair clips, headbands and handbags. The stores were also a major destination for ear piercing services. 'Claire's is synonymous with the shopping mall,' said Dominick Miserandino, chief executive of Retail Tech Media Nexus. 'For the newer online generation, malls aren't on their radar in the same way.' Other mall-based chains, including Los Angeles-based Forever 21 and Foot Locker, filed for bankruptcy protection earlier this year. The crafts and fabric retailer Joann shut down its operations in February, and popular department store Macy's is in the process of closing 150 underperforming locations. Claire's has been squeezed by competition from low-cost online retailers such as Shein and Temu, and has attempted to keep up with major retailers such as Amazon by expanding beyond malls through a partnership with Walmart. Today's young shoppers do a lot of browsing online and look to social media influencers for the latest trends, rather than brick-and-mortar shops, experts said. 'The competition Claire's is seeing, mostly online, is better able to keep up with generation Alpha,' said Ray Wimer, a professor of retail practice at Syracuse University. Generation Alpha includes those born between 2010 and 2024. The company has also been hit by President Trump's steep tariffs, which affect much of the merchandise that Claire's sources from outside the United States. Cheap goods from China, Indonesia and Cambodia have become more expensive to import under the new taxes. 'Claire's has to decide if they're going to pass the cost of the tariffs onto consumers,' Wimer said. 'Their customers probably aren't willing to spend more.' Claire's was founded in 1961 as a chain of wig stores in the southern U.S. before merging with Chicago-based Claire's Boutiques. The company eventually rebranded as Claire's and became a symbol for kitschy fashion and girlhood by the early 2000s.
Los Angeles Times
23 minutes ago
- Los Angeles Times
NCP Coatings Acquires Glyptal, Expanding Reach in Electrical Insulating Systems and Automotive Engine Coatings
Century Park Capital Partners, a Los Angeles-based private equity firm, has announced that its portfolio company, NCP Coatings LLC, has acquired Glyptal Inc., a long-standing manufacturer of high-performance insulating enamel technologies serving the electrical and automotive sectors. This transaction marks NCP Coatings' first strategic acquisition since Century Park partnered with the company and represents a key step in a shared vision to build a leading platform in the industrial coatings space. The acquisition of Glyptal enhances NCP's product capabilities, expands its reach into complementary end markets and deepens its presence in the high-performance, specialty coatings segment. Doug Mattscheck, CEO of NCP Coatings, commented, 'Acquiring Glyptal is a meaningful and strategic step forward for NCP. Glyptal's legacy in the electrical coatings space aligns well with our vision to expand into specialty industrial segments where technical performance matters most. This acquisition complements our portfolio, extends our reach into new applications and signals our intent to continue scaling the business through technology-led growth. We're excited to welcome Glyptal into the NCP family.' Glyptal will continue to operate under its well-established brand, with operations and support functions being integrated into NCP Coatings' headquarters. The transition will be supported by Glyptal's existing ownership, which will remain involved during the integration period to ensure continuity. 'We are proud to support NCP Coatings in this highly strategic acquisition,' said Tony Trevino, partner at Century Park Capital Partners. 'Glyptal's specialized product offerings and long-standing customer relationships align perfectly with NCP's core strengths. This acquisition reinforces our commitment to investing in differentiated, technology-driven businesses with strong growth potential.' The former owners of Glyptal commented, 'After decades of serving our customers with products we deeply believe in, we're proud to transition Glyptal to NCP Coatings, a company with shared values of technical excellence and customer focus. We are confident they will continue to build on Glyptal's legacy and bring new opportunities to the brand and its customers.' Information sourced from Businesswire. Learn more by contacting mminnaugh@
