ESET Wins 2025 SC Award for Ransomware Remediation
SAN DIEGO, May 02, 2025 (GLOBE NEWSWIRE) -- ESET, a global leader in cybersecurity, is proud to announce that ESET Ransomware Remediation has won a 2025 SC Award for Best Business Continuity, Disaster, Ransomware Recovery Solution. Presented on April 29 during the SC Awards Reception at RSAC™ 2025, this award recognizes ESET's advanced Ransomware Remediation technology and its pivotal role in helping organizations mitigate ransomware threats and recover swiftly from attacks. The SC Awards program, now in its 28th year, recognizes the solutions, organizations, and individuals that have demonstrated outstanding achievement in advancing the security of information systems.
'We are truly honored by this recognition, which affirms our belief that ransomware defense must go beyond prevention and empower speedy, seamless recovery,' said Ryan Grant, VP of Marketing and Sales at ESET North America. 'With ESET Ransomware Remediation, we've built a solution that not only stops attacks in their tracks but also gives businesses the ability to bounce back quickly and confidently. It's a critical step toward a future where organizations aren't just reacting to threats, but are truly resilient in the face of them.'
ESET Ransomware Remediation, part of the ESET PROTECT platform, distinguishes itself by creating temporary encrypted backups in a sequestered environment, enabling rapid data recovery even in the event of encryption by ransomware. Unlike solutions reliant on the Windows Volume Shadow Copy service, ESET's proprietary approach works post-execution, in concert with ESET Ransomware Shield, to detect, block, and recover from ransomware attacks with minimal disruption.
The SC Awards celebrate the most outstanding achievements in cybersecurity, from innovative technologies to forward-thinking organizations and individuals. The 2025 entries were evaluated across 33 specialty categories by a distinguished panel of judges, comprised of cybersecurity professionals, industry leaders, and members of the CyberRisk Alliance CISO community, representing sectors such as healthcare, financial services, education, and technology. The judging process emphasized technical merit, market impact, and the ability to solve real-world cybersecurity challenges. View the full list of 2025 SC Awards winners here: www.scworld.com/sc-awards.
'This year's winners rose to the top, but they did so in a field crowded with standout talent, bold ideas, and hard-earned innovation,' said Tom Spring, Senior Editorial Director, SC Media. 'With more than 160 finalists and hundreds of submissions, the 2025 SC Awards reflect the depth, diversity, and dynamism of the cybersecurity community.'
'SC Awards are recognized worldwide by the cybersecurity community, and we are honored to take home the Best Business Continuity, Disaster, Ransomware Recovery Solution award this year,' said Tony Anscombe, Chief Security Evangelist for ESET. 'Cybersecurity solutions are evolving at breakneck speed, and these innovations are on full display this week at RSAC 2025. It was a pleasure to be recognized alongside some of the most innovative cybersecurity vendors in the industry at the SC Media Awards Ceremony.'
For more information on ESET's award-winning Ransomware Remediation solution, visit www.eset.com.
About ESET
ESET® provides cutting-edge digital security to prevent attacks before they happen. By combining the power of AI and human expertise, ESET stays ahead of emerging global cyberthreats, both known and unknown— securing businesses, critical infrastructure, and individuals. Whether it's endpoint, cloud, or mobile protection, our AI-native, cloud-first solutions and services remain highly effective and easy to use. ESET technology includes robust detection and response, ultra-secure encryption, and multifactor authentication. With 24/7 real-time defense and strong local support, we keep users safe and businesses running without interruption. The ever-evolving digital landscape demands a progressive approach to security: ESET is committed to world-class research and powerful threat intelligence, backed by R&D centers and a strong global partner network. For more information, visit www.eset.com or follow our social media, podcasts and blogs.
CONTACT: Media contact: Jessica Beffa jessica.beffa@eset.com 720-413-4938
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AND SUBSIDIARIES(Nasdaq: GIII)CONSOLIDATED STATEMENTS OF INCOME(In thousands, except per share amounts) Three Months Ended April 30, 2025 2024 (Unaudited) Net sales $ 583,609 $ 609,747 Cost of goods sold 337,065 350,854 Gross profit 246,544 258,893 Selling, general and administrative expenses 231,495 236,621 Depreciation and amortization 6,573 8,768 Operating profit 8,476 13,504 Other income (loss) 3,462 (223 ) Interest and financing charges, net (461 ) (5,424 ) Income before income taxes 11,477 7,857 Income tax expense 3,718 2,305 Net income 7,759 5,552 Less: loss attributable to noncontrolling interests — (250 ) Net income attributable to G-III Apparel Group, Ltd. $ 7,759 $ 5,802 Net income attributable to G-III Apparel Group, Ltd. per common share: Basic $ 0.18 $ 0.13 Diluted $ 0.17 $ 0.12 Weighted average shares outstanding: Basic 43,748 45,484 Diluted 45,385 46,734 Selected Balance Sheet Data (in thousands): As of April 30, 2025 2024 (Unaudited) Cash and cash equivalents $ 257,785 $ 508,434 Working capital 817,509 1,140,449 Inventories 456,482 479,671 Total assets 2,415,873 2,565,399 Total debt 18,742 426,351 Operating lease liabilities 269,922 224,452 Total stockholders' equity 1,684,094 1,519,875 G-III APPAREL GROUP, LTD. 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AND SUBSIDIARIESRECONCILIATION OF GAAP NET INCOME PER SHARE TO NON-GAAP NET INCOME PER SHARE Three Months Ended April 30, 2025 April 30, 2024 (Unaudited) GAAP diluted net income attributable to G-III Apparel Group, Ltd. per common share $ 0.17 $ 0.12 Excluded from non-GAAP: One-time warehouse related severance expenses 0.03 — Income tax impact of non-GAAP adjustments (0.01 ) — Non-GAAP diluted net income attributable to G-III Apparel Group, Ltd. per common share, as defined $ 0.19 $ 0.12 Non-GAAP diluted net income per common share is a 'non-GAAP financial measure' that excludes in fiscal 2026 one-time severance expenses related to a closed warehouse. There were no non-GAAP exclusions for the first quarter of fiscal 2025. The income tax impact of non-GAAP adjustments is calculated using the effective tax rate for the period. Management believes that these non-GAAP financial measures provide meaningful supplemental information regarding our performance by excluding items that are not indicative of our core business operating results. Management uses these non-GAAP financial measures to assess our performance on a comparative basis and believes that they are also useful to investors to enable them to assess our performance on a comparative basis across historical periods and facilitate comparisons of our operating results to those of our competitors. The presentation of this financial information is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP. G-III APPAREL GROUP, LTD. AND SUBSIDIARIESRECONCILIATION OF NET INCOME TO ADJUSTED EBITDA(In thousands) Three Months Ended April 30, 2025 April 30, 2024 (Unaudited) Net income attributable to G-III Apparel Group, Ltd. $ 7,759 $ 5,802 One-time warehouse related severance expenses 978 — Depreciation and amortization 6,573 8,768 Interest and financing charges, net 461 5,424 Income tax expense 3,718 2,305 Adjusted EBITDA, as defined $ 19,489 $ 22,299 Adjusted EBITDA is a 'non-GAAP financial measure' which represents earnings before depreciation and amortization, interest and financing charges, net and income tax expense and excludes in fiscal 2026 one-time severance expenses related to a closed warehouse. Adjusted EBITDA is being presented as a supplemental disclosure because management believes that it is a common measure of operating performance in the apparel industry. 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Management believes that these non-GAAP financial measures provide meaningful supplemental information regarding our performance by excluding items that are not indicative of our core business operating results. Management uses these non-GAAP financial measures to assess our performance on a comparative basis and believes that they are also useful to investors to enable them to assess our performance on a comparative basis across historical periods and facilitate comparisons of our operating results to those of our competitors. The presentation of this financial information is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP. G-III APPAREL GROUP, LTD. AND SUBSIDIARIESRECONCILIATION OF FORECASTED AND ACTUAL GAAP NET INCOME PER SHARE TO FORECASTED AND ACTUAL NON-GAAP NET INCOME PER SHARE Forecasted Three Actual Three Months Ending Months Ended July 31, 2025 July 31, 2024 (Unaudited) GAAP diluted net income attributable to G-III Apparel Group, Ltd. per common share $ 0.02 - 0.12 $ 0.53 Excluded from non-GAAP: Gain on forgiveness of liabilities — (0.01 ) Income tax impact of non-GAAP adjustments — — Non-GAAP diluted net income attributable to G-III Apparel Group, Ltd. per common share, as defined $ 0.02 - 0.12 $ 0.52 Non-GAAP diluted net income per common share is a 'non-GAAP financial measure' that excludes in fiscal 2025 the gain on the forgiveness of certain liabilities related to the acquisition of the minority interest of our DKNY business in China that we did not already own. The income tax impact of non-GAAP adjustments is calculated using the effective tax for the period. Management believes that these non-GAAP financial measures provide meaningful supplemental information regarding our performance by excluding items that are not indicative of our core business operating results. Management uses these non-GAAP financial measures to assess our performance on a comparative basis and believes that they are also useful to investors to enable them to assess our performance on a comparative basis across historical periods and facilitate comparisons of our operating results to those of our competitors. The presentation of this financial information is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP. G-III Apparel Group, Ltd. Company Contact:Priya TrivediSVP of Investor Relations and Treasurer(646) 473-5228
