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MITER Foundation Awards 100 High School Seniors With $1,000 Scholarships

MITER Foundation Awards 100 High School Seniors With $1,000 Scholarships

Business Wire2 days ago
HARRISBURG, Pa.--(BUSINESS WIRE)-- MITER Foundation, the charitable arm of MITER Brands, a residential window and door manufacturer, recently announced it awarded 100 graduating high school seniors with $1,000 scholarships, totaling $100,000. This milestone marks the most scholarships bestowed in the foundation's 11-year history.
The MITER Foundation Scholarship received applications from 42 of the 50 states. This year's recipients plan to attend a diverse range of post-secondary institutions, including four-year universities, community colleges, and technical schools.
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The MITER Foundation Scholarship received applications from 42 of the 50 states. This year's recipients plan to attend a diverse range of post-secondary institutions, including four-year universities, community colleges, and technical schools.
'Our latest scholarship winners represent the best of the best,' said Amanda Klinger, MITER Foundation Program Manager. 'It's always inspiring to read the essays every year, as these students are so smart and dedicated. We're thrilled that we're in a position to help them continue their studies, and we can't wait to see what they accomplish next.'
Eligible students were able to apply for $1,000 scholarships from the manufacturer earlier this year. The foundation received 366 applications, and 76 percent of the applicants were from outside of Pennsylvania, including applicants from Egypt, Botswana, and China.
'Winning this scholarship will not only lessen my financial debt from college, but will also motivate me to pursue my learning path to becoming a physical therapist,' said scholarship recipient Sydney Kirton, a graduate of Melissa High School in Melissa, Texas, who will attend Louisiana State University of Alexandria this fall. 'It really means so much to me that people are willing to lend their hard-earned money to a young woman wanting to pursue her dreams!'
To be considered for a scholarship, students must demonstrate a passion for learning, a commitment to positively impacting their community, a GPA of 2.5 or higher, and be graduating high school seniors.
After proof of enrollment is shown, scholarship funds will be sent in one lump sum to the university, college, technical school, or trade school designated by the recipient.
About MITER Foundation
In 2015, the MITER Foundation™ was founded on the belief that we all have an obligation to help our fellow citizens. The foundation has committees at each of our locations that raise and donate funds for their local communities, as well as three noteworthy causes – heroes support, children's well-being, and cancer support.
About MITER Brands
Founded in 1947, MITER Brands is a residential window and door manufacturer that produces a portfolio of window and door brands for the new construction and replacement segments with an owner-operated, family-first approach. With more than 20 manufacturing facilities throughout the United States, MITER Brands is a nationwide supplier of precision-built and energy-efficient products. Through optimized manufacturing, valued relationships, and dedicated team members coast to coast, MITER Brands instills confidence and drives quality customer experiences. The name 'MITER' is an acronym reflecting five of our core strengths: Manufacturing, Innovation, Trust, Experiences, and Relationships. For more information, visit www.miterbrands.com.
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Lenovo Group: First Quarter Financial Results 2025/26
Lenovo Group: First Quarter Financial Results 2025/26

Business Wire

time29 minutes ago

  • Business Wire

Lenovo Group: First Quarter Financial Results 2025/26

HONG KONG--(BUSINESS WIRE)-- Lenovo Group Limited (HKSE: 992) (ADR: LNVGY), together with its subsidiaries ('the Group'), today announced strong first quarter results for the fiscal year 2025/26, reporting significant growth in overall group revenue and profit. Revenue grew 22% year-on-year to US$18.8 billion, with net income up 108% year-on-year to US$505 million. On a non-Hong Kong Financial Reporting Standards (non-HKFRS [1]) basis, net income grew by 22% year-on-year to US$389 million, adjusted for non-cash fair value gain on warrants [2]. Strong global performance driven by clear hybrid-AI strategy, investment in innovation, and operational excellence Share All main business groups saw solid double-digit year-on-year revenue growth, with the PC business reporting particularly strong numbers following the highest year-on-year revenue growth rate in 15 consecutive quarters and an all-time high market share of 24.6%. The Group's diversified growth engines continue to grow, with non-PC revenue mix up nearly half a point year-on-year to 47%. All sales geographies delivered high to relatively high year-on-year revenue growth. The strong results reinforce Lenovo's ability and commitment to preserve competitiveness, maintain market share, and sustain profitability against the challenging external environment. Three main strategic factors drove the results. First, the Group's firm execution of its hybrid AI vision sees it capitalizing on unprecedented AI opportunities. Second, a commitment to continuous investment in innovation, which saw R&D spending increase over 10% year-on-year, supporting the Group's progress towards long-term goals of building personal and enterprise AI twins. And third, its operational excellence, including a unique ODM+ manufacturing model, a balanced global sales footprint, and a 'Global/Local' model that combines global sourcing and resources with local delivery. 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Looking ahead, we will continue to firmly execute our hybrid AI strategy towards the vision of Smarter AI for all, relentlessly drive innovation in personal AI and enterprise AI products and solutions and consistently strengthen our operational competitiveness so that we can realize sustainable growth and profitability improvement.' Financial Highlights: Lenovo management encourages investors, analysts, and the public to focus on its non-HKFRS measures, which exclude the impact of non-cash items related to warrants and convertible bonds as part of Lenovo's strategic collaboration with Alat. Non-HKFRS offers a clearer view of the Group's core operational performance, as the non-cash items related to warrants and notional interest on convertible bonds are expected to persist through the end of fiscal year 2027/2028. 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In July 2025 Lenovo climbed 52 spots on the Fortune Global 500 list. This achievement marks Lenovo's 16th year on the Global 500, highlighting it as one of the world's 500 largest companies by revenue, with its highest ranking in the Technology sector to date – placing 13 th among the global technology industry. [1] Non-HKFRS measure was adjusted by excluding net fair value changes on financial assets at fair value through profit or loss, amortization of intangible assets resulting from mergers and acquisitions, gain on deemed disposal of a subsidiary, impairment and write-off of intangible assets, property, plant and equipment and construction-in-progress, fair value change on derivative financial liabilities relating to warrants, and notional interest of convertible bonds; and the corresponding income tax effects, if any. 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VIQ Solutions Posts Fifth Straight Positive Adjusted EBITDA Quarter
VIQ Solutions Posts Fifth Straight Positive Adjusted EBITDA Quarter

Business Wire

timean hour ago

  • Business Wire

VIQ Solutions Posts Fifth Straight Positive Adjusted EBITDA Quarter

MISSISSAUGA, Ontario--(BUSINESS WIRE)--VIQ Solutions Inc. ('VIQ' or 'the Company') (TSX: VQS), a global leader in AI-powered digital documentation, today announced financial results for the three and six months ended June 30, 2025. The Company reported continued margin expansion, its fifth consecutive quarter of positive Adjusted EBITDA, and secured its largest SaaS deployment to date, reinforcing its leadership in secure, evidence-based transcription for regulated sectors. Second Quarter 2025 Financial Highlights Revenue: $10.4 million, decrease of 10%, from the same period in the prior year, reflecting the timing of customer volumes and market conditions. Gross Margin: 48%, up from 45.5% from the same period in the prior year, driven by automation and productivity gains. Adjusted EBITDA: $1 million, increase of $0.2 million or 24% from the same period in the prior year, marking the fifth consecutive quarter of positive results. 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AI-Driven Workflow Automation: The deployment integrates NetScribe®, aiAssist™, Advanced Formatter, supporting internally produced transcription with scalability and optional add-ons including domain-specific language models, advanced post-processing rules, multilingual support, and automated summarization. First Half 2025 Organic Bookings Momentum: VIQ secured $1.9 million of new bookings during first half of 2025, supporting ongoing gross margin expansion and strengthening long-term free cash flow prospects. Management Commentary 'In the first half of 2025, VIQ delivered 164% growth in Adjusted EBITDA, expanded gross margins to nearly 50%, and achieved our fifth consecutive quarter of positive EBITDA,' said Alexie Edwards, CFO of VIQ Solutions. 'While we reported a net loss, this includes approximately $2.0 million in non-cash expenses, such as depreciation, amortization, and stock-based compensation, with $1.1 million recorded in Q2. These charges impact earnings per share but do not affect our cash flow.' 'With our largest SaaS deployment now in motion, increased bookings, and a clear focus on strengthening the balance sheet and reducing debt, we are expanding our financial flexibility to reinvest in growth. Our AI-driven platform and automation strategy continue to fuel stronger margins and sustained EBITDA gains, laying the foundation for long-term growth and value creation.' A copy of the Company's unaudited financial statements and accompanying MD&A for the three and six months ended June 30, 2025 (collectively, the 'Financial Information') will be available under the Company's profile on SEDAR+ at Conference Call Details VIQ will host a conference call and webcast to discuss Financial Information on August 14, 2025, at 11:00 a.m. (Eastern time). The call will consist of updates by Alexie Edwards, VIQ's Chief Financial Officer followed by a question-and-answer period. Investors may access a live webcast of the call on the Company's website at or by dialing 1-888-440-4052 (North America toll-free) or +1-646-960-0827 (international) to be connected to the call by an operator using conference ID number 4983233. Participants should dial at least 10 minutes before the call starts. A replay of the webcast will be available on the Company's website through the same link approximately one hour after the conference call concludes. For more information about VIQ, please visit About VIQ Solutions VIQ Solutions is a global provider of secure, AI-driven, digital voice and video capture technology and transcription services. VIQ offers a seamless, comprehensive solution suite that delivers intelligent automation, enhanced with human review, to drive transformation in the way content is captured, secured, and repurposed into actionable information. The cyber-secure, AI technology and services platform are implemented in the most rigid security environments including criminal justice, legal, insurance, government, corporate finance, media, and transcription service provider markets, enabling them to improve the quality and accessibility of evidence, to easily identify predictive insights and to achieve digital transformation faster and at a lower cost. Forward-looking Statements Certain statements included in this press release constitute forward-looking statements or forward-looking information (collectively, 'forward-looking statements') under applicable securities legislation. Such forward-looking statements or information are provided for the purpose of providing information about management's current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes. Forward-looking statements typically contain statements with words such as 'anticipate', 'believe', 'expect', 'plan', 'intend', 'estimate', 'propose', 'project' or similar words, including negatives thereof, suggesting future outcomes or that certain events or conditions 'may' or 'will' occur. These statements are only predictions. Forward-looking statements in this press release include but are not limited to statements with respect to the Company's ability to accelerate automation, optimize costs, and improve scalability in the future, expected margin improvement, the Company's focus and its priorities, the filing of the Financial Information on SEDAR+ and the conference call to discuss the Company's financial results. Forward-looking statements are based on several factors and assumptions which have been used to develop such statements, but which may prove to be incorrect. Although VIQ believes that the expectations reflected in such forward-looking statements are reasonable, undue reliance should not be placed on forward-looking statements because VIQ can give no assurance that such expectations will prove to be correct. In addition to other factors and assumptions which may be identified in this press release, assumptions have been made regarding, among other things, recent initiatives, cost savings from workforce and product optimization, cost reductions from the Company's workflow solutions and that sales and prospects may increase revenue. Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions that have been used. Forward-looking statements are necessarily based on a number of opinions, assumptions and estimates that while considered reasonable by the Company as of the date of this press release, are subject to known and unknown risks, uncertainties, assumptions, and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements, including but not limited to the factors described in greater detail in the 'Risk Factors' section of the Company's annual information form and in the Company's other materials filed with the Canadian securities regulatory authorities. These factors are not intended to represent a complete list of the factors that could affect the Company; however, these factors should be considered carefully. Such estimates and assumptions may prove to be incorrect or overstated. The forward-looking statements contained in this press release are made as of the date of this press release and the Company expressly disclaims any obligations to update or alter such statements, or the factors or assumptions underlying them, whether as a result of new information, future events or otherwise, except as required by law. Non-IFRS Measures The Company prepares its financial statements in accordance with IFRS. Non-IFRS measures are provided by management to provide additional insight into our performance and financial condition. VIQ believes non-IFRS measures are an important part of the financial reporting process and are useful in communicating information that complements and supplements the consolidated financial statements. Adjusted EBITDA and adjusted operating loss are not measures recognized by IFRS and do not have a standardized meanings prescribed by IFRS. Therefore, Adjusted EBITDA and adjusted operating loss may not be comparable to similar measures presented by other issuers. Investors are cautioned that Adjusted EBITDA and adjusted operating loss should not be construed as alternatives to net income (loss) as determined in accordance with IFRS. For a reconciliation of net income (loss) to Adjusted EBITDA and adjusted operating loss please see the Company's MD&A for three and six months ended June 30, 2025. To evaluate the Company's operating performance as a complement to results provided in accordance with IFRS, the term 'Adjusted EBITDA' refers to net income (loss) before adjusting earnings for stock-based compensation, depreciation, amortization, interest expense, accretion, and other financing expense, (gain) loss on revaluation of options, (gain) loss on revaluation of restricted share units, gain (loss) on revaluation of derivative warrant liability, restructuring costs, strategic review costs, loss on modification of debt, impairment of property and equipment, impairment of goodwill and intangibles, other expense (income), foreign exchange (gain) loss, current and deferred income tax expense. We believe that the items excluded from Adjusted EBITDA are not connected to and do not represent the operating performance of the Company. We believe that Adjusted EBITDA is useful supplemental information as it provides an indication of the results generated by the Company's main business activities prior to taking into consideration how those activities are financed and taxed as well as expenses related to stock-based compensation, depreciation, amortization, impairment of goodwill and intangibles, loss on modification or extinguishment of debt, other expense (income), and foreign exchange (gain) loss. Accordingly, we believe that this measure may also be useful to investors in enhancing their understanding of the Company's operating performance. The term 'adjusted operating loss' refers to net income (loss) excluding the impact of strategic review costs. Management believes it is appropriate to adjust for this item because strategic review costs do not relate to operating activities of the Company and is useful supplemental information as it provides an indication of the results generated by the Company's main business activities. The presentation of this measure enables investors and analysts to better understand the underlying performance of our business activities. We calculate 'bookings' for a given period as the estimated contract value (for services tied to volume) of our recurring client contracts entered into during the period from (i) new clients and (ii) net upgrades by existing clients within the same workload, plus the actual (not annualized) estimated value of professional services consulting, advisory or project-based orders received, software licenses, subscriptions, SaaS, and hardware during the period. Trademarks This press release includes trademarks, such as 'NetScribe', which are protected under applicable intellectual property laws and are the property of VIQ. Solely for convenience, our trademarks referred to in this press release may appear without the ® or TM symbol, but such references are not intended to indicate, in any way, that we will not assert our rights to these trademarks, trade names, and services marks to the fullest extent under applicable law. Trademarks that may be used in this press release, other than those that belong to VIQ, are the property of their respective owners. VIQ Solutions Inc. Interim Condensed Consolidated Statements of Loss and Comprehensive Loss (Expressed in US dollars, unaudited) Three months ended June 30, Six months ended June 30, 2025 2024 2025 2024 Revenue $ 10,445,488 $ 11,575,614 $ 20,024,513 $ 21,497,287 Cost of sales 5,436,220 6,312,797 10,040,105 11,841,912 Gross profit 5,009,268 5,262,817 9,984,408 9,655,375 Expenses Selling and administrative expenses 3,866,110 4,328,687 7,676,752 8,639,461 Research and development expenses 179,957 155,416 320,476 320,526 Stock-based compensation 292,682 111,283 291,865 139,816 Gain on revaluation of RSUs (21,482 ) (18,534 ) (19,553 ) (47,311 ) Loss (gain) on revaluation of the derivative Warrant liability 8,260 7,479 1,238 (49,686 ) Foreign exchange gain (354,295 ) (590,719 ) (438,327 ) (487,886 ) Depreciation 175,864 194,237 340,547 389,221 Amortization 658,581 813,889 1,366,158 1,620,346 Interest expense 439,704 405,965 928,326 794,889 Accretion and other financing costs 456,029 425,216 875,059 752,094 Restructuring costs (recovery) 37,349 5,874 36,066 (3,820 ) Strategic review costs 119,124 – 1,294,726 – Other income (1,911 ) (10,208 ) (8,118 ) (21,413 ) Total expenses 5,855,972 5,828,585 12,665,215 12,046,237 Current income tax expense 52,654 6,063 86,933 21,107 Income tax expense 52,654 6,063 86,933 21,107 Net loss for the period $ (899,358 ) $ (571,831 ) $ (2,767,740 ) $ (2,411,969 ) Exchange (loss) gain on translation of foreign operations 16,115 (483,076 ) 15,027 (795,107 ) Comprehensive loss for the period $ (883,243 ) $ (1,054,907 ) $ (2,752,713 ) $ (3,207,076 ) Net loss per share Basic (0.02 ) (0.01 ) (0.05 ) (0.05 ) Diluted (0.02 ) (0.01 ) (0.05 ) (0.05 ) Weighted average number of common shares outstanding – basic 52,563,142 51,348,578 52,449,214 48,065,488 Weighted average number of common shares outstanding – diluted 52,563,142 51,348,578 52,449,214 48,065,488 Expand The following is a reconciliation of Net Loss to Adjusted EBITDA, the most directly comparable IFRS measure for the three and six months ended June 30, 2025, and 2024: The following is a reconciliation of Net Loss to Adjusted operating loss, the most directly comparable IFRS measure for the three and six months ended June 30, 2025, and 2024:

Spartan Emergency Response Breaks Ground on $20 Million Facility Expansion to Increase Production
Spartan Emergency Response Breaks Ground on $20 Million Facility Expansion to Increase Production

Business Wire

timean hour ago

  • Business Wire

Spartan Emergency Response Breaks Ground on $20 Million Facility Expansion to Increase Production

BRANDON, S.D.--(BUSINESS WIRE)-- Spartan Emergency Response, a brand of REV Group Inc. subsidiary Spartan Fire LLC and a leading manufacturer of fire apparatus, broke ground on a facility expansion today with South Dakota Governor Larry Rhoden offering his support. This comes after REV Group announced a $20 million investment in the facility during its second-quarter earnings call on June 4. The investment marks a major milestone in efforts to increase production capacity by 40% for its fully custom Spartan Emergency Response apparatus as well as its high-performance, semi-custom fire trucks that can be completed and delivered in under a year. Share The investment marks a major milestone in efforts to increase production capacity by 40% for its fully custom Spartan Emergency Response apparatus as well as its high-performance, semi-custom fire trucks that can be completed and delivered in under a year. The expansion will also increase the facility's painting and fabrication process capabilities across the Brandon campus. 'We are delighted to host our groundbreaking ceremony today to announce our plans for expansion. This investment will double our manufacturing footprint and help us meet the rising demand from fire departments across the nation by allowing us to build more fire apparatus and deliver it faster,' said Mike Virnig, President, REV Specialty Vehicles Segment. The expansion will also bring lasting economic benefits to the Brandon and Sioux Falls region: Creation of 50 new jobs, with an estimated $1.8 million increase in annual payroll Estimated $85,000 increase in annual property tax contributions Addition of 56,000 square feet to the existing facility 'Thank you to Spartan Emergency Response for your heart of service and for your heart to provide a quality product to protect people and to serve people which in most cases is on their worst day,' said South Dakota Gov. Rhoden during the groundbreaking presentation, who also shared his service as a volunteer firefighter. Other officials and guests who attended included: South Dakota Lieutenant Governor Tony Venhuizen City of Brandon Mayor Harry Buck Chad Krier, Constituent Services Representative at the Office of United States Senator Mike Rounds Benjamin Ready, Southeast Regional Director from the Office of United States Senator John Thune Landon Hanson, Military and Veteran Services Representative for Congressman Dusty Johnson For more information about Spartan Emergency Response, please visit About Spartan Emergency Response Spartan Emergency Response, comprised of REV Group, Inc. (NYSE: REVG) subsidiaries Spartan Fire, LLC, Smeal SFA, LLC, Smeal LTC, LLC and Smeal Holding, LLC, is a North American leader in the emergency response market and offers brands including Spartan Authorized Parts, Spartan Factory Service Centers, Spartan Fire Chassis, Smeal, and Ladder Tower. Spartan Emergency Response vehicles are well known for safety, quality, durability, aftermarket product support, and first-to-market innovation. The company operates facilities in Michigan, Pennsylvania, South Dakota, and Nebraska. About REV Group, Inc. REV Group companies are leading designers and manufacturers of specialty vehicles and related aftermarket parts and services, which serve a diversified customer base, primarily in the United States, through two segments: Specialty Vehicles and Recreational Vehicles. The Specialty Vehicles Segment provides customized vehicle solutions for applications, including essential needs for public services (ambulances and fire apparatus) and commercial infrastructure (terminal trucks and industrial sweepers). REV Group's Recreational Vehicles Segment manufactures a variety of RVs from Class B vans to Class A motorhomes. REV Group's portfolio is made up of well-established principal vehicle brands, including many of the most recognizable names within their industry. Several of REV Group's brands pioneered their specialty vehicle product categories and date back more than 50 years. REV Group trades on the NYSE under the symbol REVG. Investors-REVG

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