OPEX® Corporation Appoints Drew Stevens to New Role as Vice President of Operations
Article content
MOORESTOWN, N.J. — OPEX® Corporation, a global leader in Next Generation Automation providing innovative solutions for warehouse, document and mail automation, announced that Drew Stevens, a longtime member of the executive leadership team and part of the company's third generation of family ownership, has been named Vice President of Operations.
Article content
In his new role, Stevens will oversee company operations for both sectors of the business — warehouse automation, and document and mail automation. He previously served as Vice President, Global Business Development and Marketing, Warehouse Automation.
Article content
'As we continue to expand our portfolio of solutions, as well as our global footprint, Drew is the ideal individual to step into this new role,' stated Dave Stevens, Chief Executive Officer, OPEX. 'His proven leadership and extensive knowledge of the automation industry overall are invaluable as OPEX — now in our 50 th year of business — continues to evolve.'
Article content
Stevens' broad experience at OPEX encompasses various positions in business development and sales management across both automation sectors, fully preparing him to take on his latest responsibilities. He has been a part of the company dating back to his high school years.
Article content
'In my first job at OPEX, I would come in after school to tidy up the shops and cubicles, making sure the floors were swept and trash was removed,' recalled Stevens. 'Much has transpired since then. Leading our sales organization and interacting with numerous internal departments over the years to solve challenges has shaped me into a dedicated customer advocate. And it has provided me with tremendous insight into how some of the biggest companies execute their business models operationally. I understand the expectations in the marketplace, and I'm thrilled for the opportunity to help OPEX exceed those expectations.'
Article content
Outside of OPEX, Stevens is a member of Forbes Business Council, a vetted professional organization for owners, founders, and executive leaders of small and mid-sized businesses. He serves as Chair, Board of Directors, at More Than Rehab, the residential treatment center he founded in College Station, Texas, and volunteers his time as a youth basketball coach. Stevens received his bachelor's degree in organizational leadership from Texas A&M University, where he graduated Summa Cum Laude. He is based in Moorestown, New Jersey.
Article content
About OPEX
Article content
OPEX® Corporation
Article content
is a global leader in Next Generation Automation, providing innovative, unique solutions for warehouse, document and mail automation. With headquarters in Moorestown, NJ—and facilities in Pennsauken, NJ; Plano, TX; France; Germany; Switzerland; the United Kingdom; and Australia—OPEX has nearly 1,600 employees who are continuously reimagining and delivering customized, scalable technology solutions that solve the business challenges of today and in the future. The year 2025 marks the company's 50
Article content
Article content
Article content
Article content
Article content
Contacts
Article content
Article content
Article content
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


CBC
an hour ago
- CBC
Canada should go ahead with digital service tax despite halted trade talks: lawyer
U.S. President Donald Trump announced on Friday that he's immediately 'terminating' trade negotiations with Canada over the 'egregious' digital services tax (DST). International trade lawyer and former Canadian diplomat Lawrence Herman says implementing the DST doesn't violate any trade obligations and calls the move from Trump 'erratic.'


CTV News
3 hours ago
- CTV News
Playoff MVP Sam Bennett agrees on 8-year, $64 million contract to stay with Florida Panthers
Sam Bennett walked to the front of the stage at the Florida Panthers' latest Stanley Cup championship parade, and before he could even speak the crowd began serenading him with their request. 'Eight more years! Eight more years!' they chanted, over and over. They got their wish. Bennett — who led the NHL with 15 goals in this year's playoffs and became the first Panthers player ever to score that many in a single postseason — is staying with the back-to-back Stanley Cup champions. He and Florida agreed Friday to a new eight-year contract worth $64 million, or $8 million per season. 'Sam is a special player who has mastered a unique blend of skill and physicality in his game, becoming one of the most impactful postseason performers of his generation,' Panthers general manager and hockey operations president Bill Zito said. 'He played an integral role in our two Stanley Cup championships, earning the franchise's first Conn Smythe trophy and is a dedicated contributor to our South Florida community off the ice. We are thrilled that he will continue his career with the Panthers.' Bennett was the Conn Smythe Trophy winner as MVP of the playoffs, the first Florida player to ever win that award. The last time a Conn Smythe winner didn't open the following season with the same team he had that playoff run with was 1997, when goaltender Mike Vernon helped Detroit win that year's Cup — and then the Red Wings traded him to San Jose that summer. It is the first of three big decisions that the Panthers have been waiting on heading into free agency, the others being what forward Brad Marchand — a trade deadline pickup who became an enormous part of the run to this Cup — and defenseman Aaron Ekblad will do going forward. Giving the people want they want 🤝 — Florida Panthers (@FlaPanthers) June 27, 2025 The Bennett signing is another huge move by Zito, who now has eight players — all of them key parts of the team — under contract with the Panthers through at least the 2029-30 season. Bennett joins Aleksander Barkov, Matthew Tkachuk, Sam Reinhart, Carter Verhaeghe, Anton Lundell, Seth Jones and Gustav Forsling on that list. The raise is a massive one for Bennett, who just finished the final year of a four-year contract that paid him just under $18 million. He had a postseason like almost none other; the only other player to have at least 15 goals and 48 penalty minutes in the same playoff run was Pittsburgh's Kevin Stevens in 1991. He had given indications throughout this offseason process — including at a nightclub during the Panthers' days-long initial Cup celebration — that he intended to remain in Florida, but nothing got officially done until Friday. Bennett is coming off perhaps his finest season, with 25 goals and 26 assists in the regular season for a career-best 51 points. --Tim Reynolds, The Associated Press


Globe and Mail
3 hours ago
- Globe and Mail
Looking Ahead to the Q2 Earnings Season
The expectation is for Q2 earnings to increase by +5% from the same period last year on +4% higher revenues. This will be a material deceleration from the growth trend of recent quarters and will be the lowest earnings growth pace since the +4.3% growth rate in 2023 Q3. We have been regularly flagging in recent weeks that 2025 Q2 earnings estimates have been steadily decreasing, as shown in the chart below. As we have been consistently flagging, earnings estimates took a renewed hit at the start of Q2, following the early April tariff announcement. This was particularly notable for Q2, but estimates for the subsequent periods were also trimmed. While the revisions trend has notably stabilized in recent weeks, the magnitude of cuts to 2025 Q2 estimates since the start of the period is larger and more widespread compared to what we have become accustomed to seeing in the post-COVID period. Since the start of April, Q2 earnings estimates have declined for 13 of the 16 Zacks sectors (Aerospace and Utilities are the only sectors whose estimates have increased), with the biggest cuts to Conglomerates, Autos, Transportation, Energy, Basic Materials, and Construction sectors. Estimates for the Tech and Finance sectors, the largest earnings contributors to the S&P 500 index, accounting for more than 50% of all index earnings, have also been cut since the quarter got underway. But as we have been pointing out in recent weeks, the revisions trend for the Tech sector has notably stabilized in recent weeks, which you can see in the chart below. We see this same trend at play in annual estimates as well. The chart below shows the Tech sector's evolving earnings expectations for full-year 2025 A likely explanation for this stabilization in the revisions trend is the easing in the tariff uncertainty after the more punitive version of the tariff regime was delayed. Analysts began revising their estimates downward in the immediate aftermath of the early April tariff announcements but appear to have since concluded that those punitive tariff levels are unlikely to be levied, helping to stabilize the revisions trend. The chart below shows current Q2 earnings and revenue growth expectations in the context of the preceding four quarters and the coming three quarters. The chart below shows the overall earnings picture on a calendar-year basis. In terms of S&P 500 index 'EPS', these growth rates approximate to $254.14 for 2025 and $287.31 for 2026. The chart below shows how these calendar year 2025 earnings growth expectations have evolved since the start of Q2. As you can see below, estimates fell sharply at the beginning of the quarter, which coincided with the tariff announcements, but have notably stabilized over the last four to six weeks. Q2 Earnings Season Scorecard As noted earlier, we have already seen fiscal May-quarter results from 18 S&P 500 members, which we count as part of our Q2 tally. Total earnings for these 18 index members that have reported results are up +3.1% from the same period last year on +6.5% revenue gains, with 83.3% of the companies beating EPS estimates and 88.9% of them beating revenue estimates. The comparison charts below put the Q2 earnings and revenue growth rates for these index members in a historical context. The comparison charts below put the Q2 EPS and revenue beats percentages in a historical context. We are not drawing any conclusions from these results, given the small sample size at this stage. But we nevertheless wanted to put these early results in a historical context. We have less than a dozen companies on deck to report results this holiday-shortened week, including Constellation Brands STZ from the S&P 500 index. Constellation produces alcoholic beverages, with a portfolio of beer-heavy products, including Modelo, Corona, and others. Constellation shares have been under pressure this year, with the stock down -27% in the year-to-date period and lagging the broader market's +3.8% gain. Constellation's core product, Modelo, is heavily indexed to Hispanic consumers, with over 50% of the brand's sales coming from this demographic group. While the labor market remains strong, consumption trends of this demographic group have been weighed down by affordability issues. Aluminum tariffs are another headwind for Constellation Brands, given the company's exposure to the industrial metal for beer cans. Among the notable recent earnings releases, market participants were pleased with the Nike NKE announcement but were less enthusiastic about the FedEx FDX report. Both companies have been big-time laggards lately, with Nike shares down -4.8% this year, even after the big post-release jump, and FedEx shares are down -18.5%. While there were undoubtedly a few 'green shoots' in the Nike release, the stock's strong positive reaction is more a function of how low expectations had been coming into the release rather than truly impressive numbers. Nike still faces multiple challenges, including margin pressure, a stagnant product portfolio, operational challenges in China (accounting for approximately 15% of total sales), and significant tariff exposure. We should note, however, that both Nike and FedEx beat top- and bottom-line consensus estimates. Zacks' Research Chief Picks Stock Most Likely to "At Least Double" Our experts have revealed their Top 5 recommendations with money-doubling potential – and Director of Research Sheraz Mian believes one is superior to the others. Of course, all our picks aren't winners but this one could far surpass earlier recommendations like Hims & Hers Health, which shot up +209%. See Our Top Stock to Double (Plus 4 Runners Up) >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NIKE, Inc. (NKE): Free Stock Analysis Report FedEx Corporation (FDX): Free Stock Analysis Report Constellation Brands Inc (STZ): Free Stock Analysis Report