Trump's latest tariff threat has European leaders plotting response
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Globe and Mail
32 minutes ago
- Globe and Mail
Leslie's Announces Seasoned Retail Executive Amy College as Chief Merchandising and Supply Chain Officer
PHOENIX, July 15, 2025 (GLOBE NEWSWIRE) -- Leslie's, Inc. (NASDAQ: LESL), the largest and most trusted direct-to-customer brand in the U.S. pool and spa care industry serving residential customers and pool professionals nationwide, today announced appointment of Amy College as the company's new Chief Merchandising and Supply Chain Officer effective July 20, 2025. In addition to merchandising, inventory, supply chain, logistics and manufacturing, Ms. College will be responsible for the company's digital marketplace business. In conjunction with Ms. College's appointment, Moyo LaBode, the company's outgoing Chief Merchandising and Supply Chain Officer has left Leslie's, effective July 15, 2025. Ms. College has more than 25 years of retail operations leadership experience including merchandising, supply chain and store operations. Ms. College spent nearly five years at Petco (NASDAQ: WOOF) and most recently served as Chief Merchandising and Supply Chain Officer where she was responsible for category merchandising, enterprise demand planning, visual merchandising, owned brand product development and sourcing as well as distribution operations. Previously, Ms. College served as Senior Vice President, Operations, Strategy and Territory General Manager for Petco stores. Prior to joining Petco, Ms. College spent more than 20 years at Best Buy. During her tenure, Ms. College served in merchandising and category management leadership roles, including Chief Category Officer for the company's home theater, smart home, digital imaging and appliances. She holds a bachelor's degree in business from the University of Minnesota's Carlson School of Management. 'We are thrilled to welcome Amy to our leadership team at this pivotal time in Leslie's transformation,' said Jason McDonell, Leslie's chief executive officer. 'With significant retail, merchandising and general management experience, she brings a unique blend of strategic vision and operational expertise that I am confident will help guide us through this next chapter and deliver against our transformation initiatives. I am confident her values-driven leadership style and deep commitment to customer experience will be instrumental in accelerating our progress, strengthening cross-functional collaboration and delivering results that position us for long-term success.' About Leslie's Founded in 1963, Leslie's is the largest and most trusted direct-to-customer brand in the U.S. pool and spa care industry serving residential customers and pool professionals nationwide. The company serves the aftermarket needs of residential and professional consumers with an extensive and largely exclusive assortment of essential pool and spa care products. The company operates an integrated ecosystem of over 1,000 physical locations and a robust digital platform, enabling consumers to engage with Leslie's whenever, wherever, and however they prefer to shop. Its dedicated team of associates, pool and spa care experts, and experienced service technicians are passionate about empowering Leslie's consumers with the knowledge, products, and solutions necessary to confidently maintain and enjoy their pools and spas. Contact Elisabeth Eisleben Senior Vice President, Investor & Public Relations Leslie's, Inc. investorrelations@ Forward-Looking Statements This press release contains forward-looking statements about us and our industry that involve substantial risks and uncertainties. All statements other than statements of historical fact contained in this press release, including statements regarding our future results of operations or financial condition, business strategy, value proposition, legal proceedings, competitive advantages, market size, growth opportunities, industry expectations, and plans and objectives of management for future operations, are forward-looking statements. In some cases, you can identify forward-looking statements because they contain words such as 'anticipate,' 'believe,' 'contemplate,' 'continue,' 'could,' 'estimate,' 'expect,' 'intend,' 'may,' 'plan,' 'potential,' 'predict,' 'project,' 'should,' 'target,' 'will,' or 'would,' or the negative of these words or other similar terms or expressions. Our actual results or outcomes could differ materially from those indicated in these forward-looking statements. You should not rely on forward-looking statements as predictions of future events. We have based the forward-looking statements contained in this press release primarily on our current expectations and projections about future events and trends that we believe may affect our business, financial condition, and operating results. The outcome of the events described in these forward-looking statements is subject to risks, uncertainties, and other factors described in Part I, Item 1A, 'Risk Factors' in our Annual Report on Form 10-K for the year ended September 28, 2024 and in our other filings with the SEC. Moreover, we operate in a very competitive and rapidly changing environment. New risks and uncertainties emerge from time-to-time, and it is not possible for us to predict all risks and uncertainties that could have an impact on the forward-looking statements contained in this press release. The results, events, and circumstances reflected in the forward-looking statements may not be achieved or occur, and actual results or outcomes could differ materially from those described in the forward-looking statements. In addition, statements that 'we believe' and similar statements reflect our beliefs and opinions on the relevant subject. These statements are based on information available to us as of the date of this press release, and while we believe that information provides a reasonable basis for these statements, that information may be limited or incomplete. Our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all relevant information. These statements are inherently uncertain, and investors are cautioned not to unduly rely on these statements.
Globe and Mail
32 minutes ago
- Globe and Mail
Park Aerospace Corp. Reports First Quarter Results
NEWTON, Kan., July 15, 2025 (GLOBE NEWSWIRE) -- Park Aerospace Corp. (NYSE-PKE) reported results for the 2026 fiscal year first quarter ended June 1 2025. The Company will conduct a conference call to discuss its financial results and other matters at 5:00 p.m. EDT today. A live audio webcast of the event, along with presentation materials, will be available at at 5:00 p.m. EDT today. The presentation materials will also be available at approximately 4:15 p.m. EDT today at and on the Company's website at under 'Investor Conference Calls' on the 'Shareholders' page. Park reported net sales of $15,400,000 for the 2026 fiscal year first quarter ended June 1, 2025 compared to $13,970,000 for the 2025 fiscal year first quarter ended June 2, 2024 and $16,939,000 for the 2025 fiscal year fourth quarter ended March 2, 2025. Net earnings for the 2026 fiscal year first quarter were $2,080,000 compared to $993,000 for the 2025 fiscal year first quarter and $1,246,000 for the 2025 fiscal year fourth quarter. Net earnings before special items for the 2026 fiscal year first quarter were $2,080,000 compared to $1,781,000 for the 2025 fiscal year first quarter and $2,417,000 for the 2025 fiscal year fourth quarter. Adjusted EBITDA for the 2026 fiscal year first quarter was $2,963,000 compared to $2,610,000 for the 2025 fiscal year first quarter and $3,418,000 for the 2025 fiscal year fourth quarter. During the 2026 fiscal year first quarter, the Company had no special items. During the 2025 fiscal year first quarter, the Company recorded a $1,052,000 pre-tax charge related to storm damage to the Company's facilities in Newton Kansas. During the 2025 fiscal year fourth quarter, the Company recorded a non-cash tax charge of $2,147,000 related to the potential repatriation by the Company of undistributed foreign earnings on certain funds held by the Company's Singapore subsidiary. The Company also recorded a tax benefit of $957,000 in the 2025 fiscal year fourth quarter related to the 'running' or expiration of the statute of limitations for certain provisions for uncertain tax positions previously established by the Company. Park reported basic and diluted earnings per share of $0.10 for the 2026 fiscal year first quarter compared to $0.05 for the 2025 fiscal year first quarter and $0.06 for the 2025 fiscal year fourth quarter. Basic and diluted earnings per share before special items were $0.10 for the 2026 fiscal year first quarter compared to $0.09 for the 2025 fiscal year first quarter and $0.12 for the 2025 fiscal year fourth quarter. The Company will conduct a conference call to discuss its financial results at 5:00 p.m. EDT today. Forward-looking and other material information may be discussed in this conference call. The conference call dial-in number is (877) 407-3982 in the United States and Canada, and (201) 493-6780 in other countries. The required conference ID for attendance by phone is 13754804. For those unable to listen to the call live, a conference call replay will be available from approximately 8:00 p.m. EDT today through 11:59 p.m. EDT on Tuesday, July 22, 2025. The conference call replay will be available at and on the Company's website at under 'Investor Conference Calls' on the 'Shareholders' page. It can also be accessed by dialing (844) 512-2921 in the United States and Canada, and (412) 317-6671 in other countries. The required passcode for accessing the replay by phone is 13754804. Any additional material financial or statistical data disclosed in the conference call, including the investor presentation, will also be available at the time of the conference call on the Company's web site at Park believes that an evaluation of its ongoing operations would be difficult if the disclosure of its operating results were limited to accounting principles generally accepted in the United States of America ('GAAP') financial measures, which include special items, such as a charge related to storm damage, a non-cash tax charge, and reductions in uncertain tax positions. Accordingly, in addition to disclosing its operating results determined in accordance with GAAP, Park discloses non-GAAP measures, including Adjusted EBITDA, and operating results that exclude special items in order to assist its shareholders and other readers in assessing the Company's operating performance, since the Company's on-going, normal business operations do not include such special items. The detailed operating information presented below includes a reconciliation of the non-GAAP operating results before special items to earnings determined in accordance with GAAP and a reconciliation of GAAP pre-tax earnings to Adjusted EBITDA. Such non-GAAP financial measures are provided to supplement the results provided in accordance with GAAP. Park Aerospace Corp. develops and manufactures solution and hot-melt advanced composite materials used to produce composite structures for the global aerospace markets. Park's advanced composite materials include film adhesives (Aeroadhere ®) and lightning strike protection materials (Electroglide ®). Park offers an array of composite materials specifically designed for hand lay-up or automated fiber placement (AFP) manufacturing applications. Park's advanced composite materials are used to produce primary and secondary structures for jet engines, large and regional transport aircraft, military aircraft, Unmanned Aerial Vehicles (UAVs commonly referred to as 'drones'), business jets, general aviation aircraft and rotary wing aircraft. Park also offers specialty ablative materials for rocket motors and nozzles and specially designed materials for radome applications. As a complement to Park's advanced composite materials offering, Park designs and fabricates composite parts, structures and assemblies and low volume tooling for the aerospace industry. Target markets for Park's composite parts and structures (which include Park's proprietary composite SigmaStrut™ and AlphaStrut™ product lines) are, among others, prototype and development aircraft, special mission aircraft, spares for legacy military and civilian aircraft and exotic spacecraft. Park's objective is to do what others are either unwilling or unable to do. When nobody else wants to do it because it is too difficult, too small or too annoying, sign us up. Additional corporate information is available on the Company's website at Performance table, including non-GAAP information (in thousands, except per share amounts –unaudited): 13 Weeks Ended 13 Weeks Ended 13 Weeks Ended June 1, 2025 June 2, 2024 March 2, 2025 Sales $ 15,400 $ 13,970 $ 16,939 Net Earnings before Special Items 1 $ 2,080 $ 1,781 $ 2,417 Special Items, Net of Tax: Storm Damage Charge - (1,052) - Income Tax Effect on Pretax Special Items - 264 19 Tax Provision on Foreign Earnings - - (2,147) Reduction in Uncertain Tax Positions - - 957 Net Earnings $ 2,080 $ 993 $ 1,246 Basic Earnings per Share: Basic Earnings before Special Items 1 $ 0.10 $ 0.09 $ 0.12 Special Items: Storm Damage Charge - (0.05) - Income Tax Effect on Pretax Special Items - 0.01 - Tax Provision on Foreign Earnings - - (0.11) Reduction in Uncertain Tax Positions - - 0.05 Basic Earnings per Share $ 0.10 $ 0.05 $ 0.06 Diluted Earnings before Special Items 1 $ 0.10 $ 0.09 $ 0.12 Special Items: Storm Damage Charge - (0.05) - Income Tax Effect on Pretax Special Items - 0.01 - Tax Provision on Foreign Earnings - - (0.11) Reduction in Uncertain Tax Positions - - 0.05 Diluted Earnings per Share $ 0.10 $ 0.05 $ 0.06 Weighted Average Shares Outstanding: Basic 19,919 20,253 19,945 Diluted 19,968 20,371 20,022 1 Refer to "Reconciliation of non-GAAP financial measures" below for information regarding Special Items. Comparative balance sheets (in thousands): June 1, 2025 March 2, 2025 Assets (unaudited) Current Assets Cash and Marketable Securities $ 65,571 $ 68,834 Accounts Receivable, Net 12,953 12,903 Inventories 6,763 7,213 Prepaid Expenses and Other Current Assets 2,045 1,344 Total Current Assets 87,332 90,294 Fixed Assets, Net 21,675 21,650 Operating Right-of-use Assets 295 308 Other Assets 11,416 9,856 Total Assets $ 120,718 $ 122,108 Liabilities and Shareholders' Equity Current Liabilities Accounts Payable $ 1,710 $ 2,513 Accrued Liabilities 1,613 1,318 Operating Lease Liability 41 40 Income Taxes Payable 6,764 5,390 Total Current Liabilities 10,128 9,261 Long-term Operating Lease Liability 307 318 Deferred Income Taxes 5,260 5,304 Other Liabilities 72 71 Total Liabilities 15,767 14,954 Shareholders' Equity 104,951 107,154 Total Liabilities and Shareholders' Equity $ 120,718 $ 122,108 Additional information Equity per Share $ 5.29 $ 5.36 Comparative statements of operations (in thousands – unaudited): 13 Weeks Ended 13 Weeks Ended 13 Weeks Ended June 1, 2025 June 2, 2024 March 2, 2025 Net Sales $ 15,400 $ 13,970 $ 16,939 Cost of Sales 10,682 9,871 11,981 Gross Profit 4,718 4,099 4,958 % of net sales 30.6 % 29.3 % 29.3 % Selling, General & Administrative Expenses 2,299 2,017 2,107 % of net sales 14.9 % 14.4 % 12.4 % Earnings from Operations 2,419 2,082 2,851 Storm Damage Charge - (1,052) - Interest and Other Income: Interest Income 355 339 335 Earnings from Operations before Income Taxes 2,774 1,369 3,186 Income Tax Provision 694 376 1,940 Net Earnings $ 2,080 $ 993 $ 1,246 % of net sales 13.5 % 7.1 % 7.4 % Reconciliation of non-GAAP financial measure (in thousands – unaudited):
Globe and Mail
32 minutes ago
- Globe and Mail
1stDibs to Announce Second Quarter 2025 Financial Results on August 6, 2025
Inc. (Nasdaq: DIBS), a leading marketplace for extraordinary design, plans to release its second quarter 2025 financial results on Wednesday, August 6, 2025 in a press release before the market opens. The press release can be accessed at the 1stDibs Investor Relations website ( 1stDibs will also host an earnings webcast to discuss those results at 8:00 a.m. Eastern Time on the same day, which will be accessible via the company's Investor Relations website. A replay of the webcast will be available through the same link following the conference call, for one year thereafter. About 1stDibs 1stDibs is a leading online marketplace for connecting design lovers with highly coveted sellers and makers of vintage, antique, and contemporary furniture, home décor, art, jewelry, watches and fashion.
