Sanofi to Buy Vicebio for Up to $1.6 Billion in Respiratory Push
The pharmaceutical firm will pay $1.15 billion upfront, with potential milestone payments of up to $450 million based on development and regulatory achievements, according to a statement Tuesday. Vicebio is developing an early-stage combination vaccine candidate for respiratory syncytial virus, or RSV, and human metapneumovirus (hMPV), the company said.
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Colgate-Palmolive's Outlook Remains Cautious As Restructuring Plans Take Shape
Colgate-Palmolive Company (NYSE:CL) is brushing up its future with a bold 2030 plan, even as it takes on up to $300M in restructuring charges. The move comes as the oral care giant topped second-quarter expectations, reporting stronger-than-expected earnings and steady sales growth. Colgate-Palmolive has reported second-quarter adjusted earnings per share of 92 cents, beating the analyst consensus estimate of 89 sales of $5.11 billion (+1% year over year) outpaced the Street view of $5.03 billion. During the quarter, sales declined 1% in North America and 4.8% in Latin America, while rising 7.8% in Europe, 0.8% in Asia Pacific, and 8% in Africa/Eurasia. Net sales increased by 1.0%, while organic sales rose by 1.8%, reflecting a 0.6% negative impact from lower private label pet sales. Quarterly gross profit inched up to $3.069 billion in the quarter under review, compared with $3.066 billion a year ago. GAAP gross profit margin declined by 50 basis points to 60.1%, while Base Business gross profit margin decreased by 70 basis points to the same level. View more earnings on CL Quarterly operating profit margin contracted to 21.1% from 21.6% in the year-ago period. The company exited the quarter with cash and equivalents worth $1.22 billion. otal debt expanded to $8.76 billion from $7.95 billion as of December 31, 2024. Streamlining for Growth Colgate-Palmolive announced a new three-year productivity program aimed at driving future growth and advancing its 2030 strategy. The program focuses on aligning the organizational structure with strategic priorities, optimizing the global supply chain for greater agility and efficiency, and streamlining operations to reduce overhead costs. Cumulative pre-tax charges associated with the program are expected to total between $200 million and $300 million once all initiatives are approved and implemented, with substantially all charges anticipated to be incurred by December 31, 2028. Outlook The company continues to expect net sales to increase in the low single digits, now factoring in a flat to low-single-digit negative impact from foreign exchange. Organic sales growth is projected to be at the low end of the 2% to 4% range, reflecting the planned exit from private label pet sales over the course of 2025. On a non-GAAP (Base Business) basis, the company still anticipates gross profit margin and advertising to remain roughly flat as a percentage of net sales, with earnings per share expected to grow in the low single digits. Price Action: CL shares are trading higher by 0.42% to $84.20 premarket at last check Friday. Read Next:Photo by EDSON DE SOUZA NASCIMENTO via Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? COLGATE-PALMOLIVE (CL): Free Stock Analysis Report This article Colgate-Palmolive's Outlook Remains Cautious As Restructuring Plans Take Shape originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
25 minutes ago
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Renewables and fossil fuels not ‘either-or', says Reeves after Trump comments
Renewable and non-renewable energy sources are not an 'either-or', Rachel Reeves has said after Donald Trump described North Sea oil as a 'treasure chest'. On a visit to Lossiemouth on the North Sea coast in Moray, the Chancellor described oil and gas as 'incredibly important for the UK and our energy security'. Her appearance in Scotland followed a five-day visit from the US president, who called on the UK Government to 'incentivise the drillers, fast'. Mr Trump wrote on Truth Social: 'North Sea oil is a treasure chest for the United Kingdom. 'The taxes are so high, however, that it makes no sense.' Asked whether she would 'unlock' the 'treasure chest', Ms Reeves told the PA news agency: 'Oil and gas are incredibly important for the UK and our energy security. 'And oil and gas is going to play an important role in our energy mix for decades to come. 'It's why, alongside the private sector, we're investing in carbon capture and storage, which is absolutely essential for supporting energy intensive industries. 'But it's not either-or. 'At the same time, we're investing in clean homegrown energy, including at Berwick Bank in Scotland, which will create thousands of new jobs and power millions of homes. 'And that's what we need to do to make sure that our economy has this energy security that we need, that we bring down bills and bring more good jobs to Scotland.' Berwick Bank in the North Sea has this week received a green light from the Scottish Government. The proposed wind farm, off the coast of East Lothian, could add more than 4.1 gigawatts of capacity, which according to developer SSE Renewables is enough electricity to power more than six million homes annually. But Mr Trump criticised existing wind farms during his visit, when he said: 'When we go to Aberdeen, you'll see some of the ugliest windmills you've ever seen, the height of a 50-storey building.' Gesturing with his hands, he added: 'You can take 1,000 times more energy out of a hole in the ground this big.' Conservative shadow Scottish secretary Andrew Bowie has written to Prime Minister Sir Keir Starmer, calling for a review of policies affecting the oil and gas industry. 'As President Trump has said, the UK's 'very high' tax on oil and gas companies is a deterrent to investment,' he wrote. 'The extension of the energy profits levy (EPL), coupled with uncertainty around future licensing and investment signals, has created a climate of instability that threatens jobs, innovation and the region's economic resilience. 'President Donald Trump's remarks during your visit – calling Aberdeen the 'oil capital of Europe' and urging the UK to 'bring it back' – reflect a sentiment shared by many in the region. 'May I urge you to consider the president's call to 'incentivise' domestic production of hydrocarbons? 'Oil and gas still have a vital role to play in our energy mix and economic future; British people would rather see the UK benefit from domestic exploration and drilling than import more from Norway and Qatar.' The West Aberdeenshire and Kincardine MP added: 'Will you urgently call a meeting in Downing Street to conduct the review in partnership with industry leaders, our world-leading supply chain business, and the local workforce to ensure a coherent and sustainable path forward?'
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25 minutes ago
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Rogers Corp (ROG) Q2 2025 Earnings Call Highlights: Navigating Challenges with Strategic Growth ...
Release Date: July 31, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Rogers Corp (NYSE:ROG) reported a 6.5% increase in sales from the prior quarter, driven by stronger performance in industrial, portable electronics, and ADAS markets. The company is implementing cost and expense containment initiatives, which are expected to result in stronger increases in gross margin and adjusted EPS in the upcoming quarter. Rogers Corp (NYSE:ROG) has a strong foundation with trusted partnerships with leading OEMs globally, emphasizing their design capabilities and proven reliability. The company is focusing on expanding its manufacturing capabilities in China, which is expected to provide a global competitive advantage and projected annual run rate savings of over $13 million. Rogers Corp (NYSE:ROG) is actively pursuing growth opportunities in industrial, aerospace and defense, and ADAS markets, with signs of recovery and new design wins in these areas. Negative Points Rogers Corp (NYSE:ROG) recorded a net loss of $73.6 million in Q2, including restructuring costs and a significant non-cash impairment charge related to its ceramic business. The company is facing challenges in the EV market, particularly outside of China, leading to a necessary rebalancing of capacity and cost reductions in European operations. Gross margin was below the midpoint of guidance due to material write-offs and underutilization at the ceramic Germany factory. The company anticipates restructuring costs associated with European operations to be between $12 million and $20 million, impacting financials over the next year. Rogers Corp (NYSE:ROG) is experiencing pricing pressure in the global EV market, affecting demand and competitive dynamics for its ceramic business. Q & A Highlights Warning! GuruFocus has detected 4 Warning Signs with ROG. Q: Beyond the $13 million restructuring and targeted cost savings, what are your top two or three priorities, either strategic or financial, for the next 6 to 12 months? A: (Ali Elhaj, Interim President and CEO) Strategically, we are focusing on internal cost initiatives and operational improvements to speed up execution and create a more dynamic organization. This will help us respond faster to customer needs and reduce lead times. Additionally, we are prioritizing short- and mid-term growth opportunities to impact our top-line revenues positively in the coming quarters. Q: What are the keys to getting back to consolidated organic revenue growth on a year-over-year basis, and what are your midterm gross margin targets given the updated outlook for the ceramic business? A: (Ali Elhaj, Interim President and CEO) We are aggressively focusing on top-line growth and expect meaningful growth quarter after quarter. (Laura Russell, Senior Vice President and CFO) For margin expansion, we aim to leverage our existing capacity and execute cost savings initiatives, including restructuring, to optimize margins. Q: Can you provide specific examples of where accelerating speed of execution can make a big difference for Rogers? A: (Ali Elhaj, Interim President and CEO) We need to reduce lead times significantly, aiming for a 50-60% reduction in some product lines. Additionally, we are accelerating the development and launch of new products by integrating R&D efforts into the company's core operations to deliver faster prototypes and win programs more quickly. Q: Regarding the cost reduction efforts, are we looking at around $45 million in cost savings by 2026, and what is the expected timeline for these savings? A: (Laura Russell, Senior Vice President and CFO) Yes, cumulatively, we are targeting $45 million in cost savings. However, the full impact of the additional $13 million savings from restructuring in Europe will likely be realized by the fourth quarter of 2026. Q: What are the expected impacts of the restructuring actions on the ceramic business and overall company performance? A: (Ali Elhaj, Interim President and CEO) The restructuring actions aim to right-size the ceramic business by rebalancing capacity between Europe and China. This will help us achieve a cost-competitive footprint and improve performance, especially in the rapidly growing Chinese EV market. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Erreur lors de la récupération des données Connectez-vous pour accéder à votre portefeuille Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données
