logo
VSTS Deadline: Rosen Law Firm Urges Vestis Corporation (NYSE: VSTS) Stockholders With Losses in Excess of $100K to Contact the Firm for Information About Their Rights

VSTS Deadline: Rosen Law Firm Urges Vestis Corporation (NYSE: VSTS) Stockholders With Losses in Excess of $100K to Contact the Firm for Information About Their Rights

Business Wire4 days ago
NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, reminds investors that a shareholder filed a class action lawsuit on behalf of purchasers of securities of Vestis Corporation (NYSE: VSTS) between May 2, 2024 and May 6, 2025. Vestis provides uniform rentals and workplace supplies across the United States and Canada.
For more information, submit a form, email attorney Phillip Kim, or give us a call at 866-767-3653.
The Allegations: Rosen Law Firm is Investigating the Allegations that Vestis Corporation (NYSE: VSTS) Misled Investors Regarding its Business Operations.
According to the lawsuit, defendants provided overwhelmingly positive statements to investors while, at the same time, disseminating materially false and misleading statements and/or concealing material adverse facts concerning the true state of Vestis' ability to grow its business; notably that Vestis would be unable to execute on planned strategic initiatives to drive purported improvements to the customer experience and its onboarding efforts in order to drive new customer growth, increased customer retention, and increased revenue from existing customers. When the true details entered the market, the lawsuit claims that investors suffered damages.
What Now: You may be eligible to participate in the class action against Vestis Corporation. Shareholders who want to serve as lead plaintiff for the class must file their motions with the court by August 8, 2025. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. You do not have to participate in the case to be eligible for a recovery. If you choose to take no action, you can remain an absent class member. For more information, click here.
All representation is on a contingency fee basis. Shareholders pay no fees or expenses.
About Rosen Law Firm: Some law firms issuing releases about this matter do not actually litigate securities class actions. Rosen Law Firm does. Rosen Law Firm is a recognized leader in shareholder rights litigation, dedicated to helping shareholders recover losses, improving corporate governance structures, and holding company executives accountable for their wrongdoing. Since its inception, Rosen Law Firm has obtained over $1 billion for shareholders.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Tronox Holdings PLC (TROX) Q2 2025 Earnings Call Highlights: Strategic Cost Management Amid ...
Tronox Holdings PLC (TROX) Q2 2025 Earnings Call Highlights: Strategic Cost Management Amid ...

Yahoo

time35 minutes ago

  • Yahoo

Tronox Holdings PLC (TROX) Q2 2025 Earnings Call Highlights: Strategic Cost Management Amid ...

Release Date: July 31, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Tronox Holdings PLC (NYSE:TROX) is executing a disciplined strategy to manage the downturn and optimize earnings and cash flow. The cost improvement program is progressing ahead of plan, with expectations to deliver $125 to $175 million in sustainable run rate savings by the end of 2026. Early sales momentum in India is encouraging, aided by the Australia-India Free Trade Agreement and duties against Chinese imports. The company has entered into an inventory financing program, providing an additional $50 million of liquidity. Tronox Holdings PLC (NYSE:TROX) is proactively managing its balance sheet to bolster liquidity and maintain financial flexibility. Negative Points The second quarter was impacted by weaker demand across most end markets, resulting in an 11% year-over-year decrease in volumes. Revenue decreased by 11% versus the prior year, driven by lower sales volumes and unfavorable zircon pricing. The company reported a net loss of $84 million, including $39 million of restructuring and other charges. Adjusted EBITDA declined 42% year-over-year due to higher production costs, unfavorable commercial impacts, and higher freight costs. The dividend was reduced by 60% to align with the current macro environment, reflecting prolonged market weakness. Q & A Highlights Warning! GuruFocus has detected 5 Warning Signs with TROX. Q: What are the key drivers that will determine whether Tronox meets the higher or lower end of its EBITDA guidance range of $410 to $460 million for 2025? A: John Romano, CEO, explained that the primary factors are volume and price. The company does not anticipate a significant increase in volume, but expects some targeted gains in India. There is competitive activity in Europe affecting pricing, and some price erosion is expected. The guidance is largely dependent on these pricing and volume dynamics. Q: Can you provide an update on Tronox's rare earth activities? A: John Romano, CEO, stated that Tronox is continuing to work on rare earth opportunities. While there is no immediate capital allocation for this, the company is developing opportunities for sales of other products, including rare earth elements, in the second half of the year. Q: What factors contributed to the 2% sequential decline in TIO2 volumes, and how much was due to market share loss? A: John Romano, CEO, noted that the decline was largely due to a muted coating season in North America, not market share loss. In Europe, Middle East, and Africa, there was a volume decline due to a less robust market and competitive activity. Asia Pacific saw growth driven by India, while Latin America was flat but expected to improve later in the year. Q: What are the implications of the new reductions to Tronox's CapEx forecast, and what might be sacrificed in terms of future efficiencies? A: John Serveal, CFO, explained that the reductions are primarily in discretionary areas, not affecting strategic mining investments in South Africa. The focus is on managing cash while maintaining critical investments for safe and reliable operations. Q: How is Tronox managing its free cash flow and working capital, especially in relation to production adjustments? A: John Romano, CEO, stated that Tronox is matching production to demand, primarily on the TIO2 side, while also considering adjustments in mining. The company is using its vertical integration to balance cash and EBITDA, with expectations to generate cash from working capital in the second half of the year. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.

ING Groep NV (ING) Q2 2025 Earnings Call Highlights: Strong Customer Growth and Sustainability ...
ING Groep NV (ING) Q2 2025 Earnings Call Highlights: Strong Customer Growth and Sustainability ...

Yahoo

time35 minutes ago

  • Yahoo

ING Groep NV (ING) Q2 2025 Earnings Call Highlights: Strong Customer Growth and Sustainability ...

Release Date: July 31, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points ING Groep NV (NYSE:ING) reported strong growth in its mobile primary customer base, adding over 300,000 customers in Q2 2025, contributing to a total of 1.1 million new customers in the past year. The company achieved significant growth in its loan book, with net core lending in retail banking increasing by 11.3 billion, primarily driven by mortgages. Fee income increased by 11% in the first half of 2024, now comprising almost 20% of total income, with a target of 5 billion in fee income by 2027. ING Groep NV (NYSE:ING) continues to support clients in their sustainability transitions, with sustainable finance volumes rising 19% to 68 billion. The company has consistently delivered a yield of more than 15% in recent quarters, supported by cash dividends and share buybacks, totaling close to 30 billion since 2021. Negative Points Demand for long-term corporate loans remains subdued due to ongoing macroeconomic uncertainty. The appreciation of the EUR had a negative impact of 37 million on commercial NII, affecting overall revenue. The liability margin was pressured by the low ECB deposit rate and the impact of a promotional campaign in Germany. Expenses rose by 4.5% year-on-year, driven by wage inflation and investments in business growth, despite efforts to offset costs through operational efficiencies. The company's CET1 ratio decreased due to ongoing share buybacks, partially offset by quarterly net profit. Q & A Highlights Warning! GuruFocus has detected 7 Warning Signs with ING. Q: Could you provide more details on the revenue and cost mix to better estimate the impact of FX volatility, especially given the EUR/USD fluctuations? Also, do you see any changes in corporate loan demand, particularly in Germany? A: We will consider disclosing more on FX sensitivity if volatility continues. An 8% reduction in the USD against the EUR in Q2 impacted NII by $37 million and total revenue by $60-$70 million. Regarding corporate loans, growth was mainly in short-term financing. It's too early to predict changes in long-term corporate loan demand, though a trade deal might help. Q: Can you elaborate on the underlying trends in commercial NII, excluding FX impacts? Also, could you discuss the potential move of ING's head office to Germany for capital efficiency? A: Excluding FX, commercial NII trends are positive with higher volumes in lending and deposits. The idea of moving the head office to Germany was a stylistic example to highlight regulatory disparities in Europe. We need harmonized regulations to ensure competitiveness and strong banks in each country. Q: Could you update us on your deposit gathering campaigns and M&A strategy? Are you focusing more on deposit growth or fee income? A: We had a significant deposit campaign in Germany in Q1, which ended in Q2. We expect some outflow in Q3, but historically, about 2/3 of the deposits remain. Our strategy is to diversify by targeting specific customer segments and expanding services in existing markets, which supports both deposit growth and fee income. Q: What are the expectations for commercial NII in Q4, and how does it relate to savings rate cuts and competition? A: The Q4 improvement in commercial NII is driven by volume growth and less FX impact. We manage margins around 100 basis points on liabilities, aiming for 100-110 in 2026. Our strategy balances competitive rates with volume growth. Q: Can you discuss the fee income growth and the factors contributing to it? Is there potential to exceed the 5-10% growth guidance? A: We are confident in achieving the higher end of our 5-10% fee income growth range due to strong mobile primary customer growth and increased trading and insurance product uptake. Our diversified service offerings and customer base expansion support this growth. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

FLR BREAKING INVESTIGATION: BFA Law Announces an Investigation into Fluor Corporation after Stock Plummets over 30% on Infrastructure Delays – Contact BFA Law if You Lost Money
FLR BREAKING INVESTIGATION: BFA Law Announces an Investigation into Fluor Corporation after Stock Plummets over 30% on Infrastructure Delays – Contact BFA Law if You Lost Money

Business Upturn

time37 minutes ago

  • Business Upturn

FLR BREAKING INVESTIGATION: BFA Law Announces an Investigation into Fluor Corporation after Stock Plummets over 30% on Infrastructure Delays – Contact BFA Law if You Lost Money

By GlobeNewswire Published on August 2, 2025, 00:37 IST NEW YORK, Aug. 01, 2025 (GLOBE NEWSWIRE) — Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into Fluor Corporation (NYSE: FLR) for potential violations of the federal securities laws. If you invested in Fluor, you are encouraged to obtain additional information by visiting: Why Is Fluor being Investigated? Fluor is a global professional services firm that provides engineering, procurement and construction, fabrication and modularization, and project management services. The Company has three principal segments: Urban Solutions, Energy Solutions and Mission Solutions. Its Urban Solutions segment includes infrastructure teams that provide a broad range of services, including consulting, design, planning, financial structuring, engineering, construction and operation and maintenance services. During the relevant period, the Company touted the strong productivity across its infrastructure portfolio. In truth, several of Fluor's infrastructure projects experienced undisclosed design errors, delays, and price escalation that significantly impacted its business. The Stock Declines as the Truth Is Revealed On August 1, 2025, before market hours, Fluor reported its fiscal Q2 2025 financial results and held an earnings call. The Company announced disappointing earnings and revealed 'a $54 million net impact of cost growth and expected recoveries on three infrastructure projects, due to subcontractor design errors, the related schedule impacts, and price escalation.' The Company also announced, 'a shift in expected capital spending from some clients.' On this news, the price of Fluor stock fell more than 30% during trading on August 1, 2025. Click here for more information: What Can You Do? If you invested in Fluor you may have legal options and are encouraged to submit your information to the firm. All representation is on a contingency fee basis, there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses. Submit your information by visiting: Or contact:Ross Shikowitz [email protected] 212.789.3619 Why Bleichmar Fonti & Auld LLP? BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA , The Legal 500 , and ISS SCAS , and its attorneys have been named 'Elite Trial Lawyers' by the National Law Journal , among the top '500 Leading Plaintiff Financial Lawyers' by Lawdragon , 'Titans of the Plaintiffs' Bar' by Law360 and 'SuperLawyers' by Thomson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.'s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd. For more information about BFA and its attorneys, please visit Attorney advertising. Past results do not guarantee future outcomes. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store