Acoustical Sheet Metal invests $45 million in new expansion with 350 jobs
VIRGINIA BEACH, Va. (WAVY) — Governor Glenn Youngkin made a huge business announcement Friday at Acoustical Sheet Metal.
The Governor revealed the company's third expansion, which creates 350 additional jobs.
'As I look at the workers who stand behind this expansion and this opportunity that is going to be created, this is a huge step. What a huge step it is that we are going to invest over $45 million and hire hundreds and hundreds more people,' Youngkin said.
Acoustical Sheet Metal Company CEO Margaret Shaia, who is fondly called 'Ms. Margaret' by workers also spoke to the crowd of over 200 people.
'I think we have demonstrated in the past our commitment to providing career opportunities, and we are going to continue to do that, and this allows us to have a long runway to allow them to continue to extend their careers with Acoustical Sheet Metal,' Shaia said.
The new building will be 250,000 square feet.
'I have to say over the Commonwealth, the last 3 ½ years we have had the great opportunity to announce expansion after expansion. Rarely is it the same company over and over again. So that is why I am so excited today,' Youngkin said.
Virginia Beach Mayor Bobby Dyer praised Acoustical Sheet Metal during his speech.
'Acoustical Sheet Metal is renowned for its sound reducing and weather protective enclosure for on-site generators. The products they make foster and support the growth of our critical business sectors such as data centers that are important to us right here in Virginia Beach,' he said.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
27 minutes ago
- Yahoo
Week in Review: WWDC 2025 recap
Welcome back to Week in Review! We have lots for you this week, including what came out of WWDC 2025; The Browser Company's AI browser; OpenAI's partnership with Mattel; and updates to your iPad. Have a great weekend! The Apple experience: We kicked the week off with WWDC 2025, Apple's Worldwide Developers Conference, where the company showed off a newly designed iOS 26, new features across its products, and much more. There was considerable pressure on Apple this year to build on its promises and to make amends to developers as it lags behind in AI and faces continued legal challenges over its App Store. Snack hack: U.S. grocery distribution giant United Natural Foods (UNFI) was hit by a cyberattack, the company confirmed Tuesday. Much of UNFI's external-facing systems were offline, including web systems used by suppliers and customers, as well as the company's VPN products. Whole Foods was one of the victims, and it told staff that the cyberattack was affecting UNFI's 'ability to select and ship products from their warehouses' and that this will 'impact our normal delivery schedules and product availability.' Public debut: Chime's much-anticipated public debut finally arrived, with the company raising $864 million in its IPO. Iconiq was one of Chime's many backers taking a victory lap at its graduation to become a public company. This is TechCrunch's Week in Review, where we recap the week's biggest news. Want this delivered as a newsletter to your inbox every Saturday? Sign up here. Not to be outdone: Google rolled out Android 16 to Pixel phones, adding group chat to RCS, AI-powered edit suggestions to Google Photos, and support for corporate badges in Google Wallet. Cabs are here: Elon Musk has spent years claiming that Teslas would be able to drive themselves. Apparently the time has come — maybe? Musk said this week that Tesla will start offering public rides in driverless vehicles in Austin, Texas, on June 22. An AI browser: The Browser Company said last year that it's going to stop supporting and developing its Arc browser, which, although popular, was never able to reach scale. The startup has since been busy developing an AI-first browser called Dia. And another one: OpenAI released o3-pro, which is a version of o3, a reasoning model that the startup launched earlier this year. As opposed to conventional AI models, reasoning models work through problems step by step, allowing them to perform more reliably in domains like physics, math, and coding. In other news, Sam Altman posted on X to say that his company's first open model in years will be delayed until later this summer. Desperately seeking: Now that people can ask a chatbot for answers — sometimes generated from news content taken without a publisher's knowledge — there's no need to click on Google's blue links. And that's hurting publishers. Cool? Mattel and OpenAI are teaming up to create an 'AI-powered product,' whatever that is. As part of the deal, Mattel employees will also get access to OpenAI tools like ChatGPT Enterprise to 'enhance product development and creative ideation.' 'A privacy disaster': Reporter Amanda Silberling tried out the Meta AI app and found that it's publicly sharing people's queries. 'Meta does not indicate to users what their privacy settings are as they post, or where they are even posting to. So, if you log into Meta AI with Instagram, and your Instagram account is public, then so too are your searches about how to meet 'big booty women,'' she writes. iPad for work: iPadOS 26 will bring new features to the 15-year-old device that might actually make it usable for a full day of work. A wave of recent headlines and posts has raised questions about Bluesky, from concerns about slowing growth to claims that the platform is turning into a left-leaning echo chamber and that its users are too serious. While those critiques capture part of the conversation, they don't reflect the full picture of what Bluesky is working toward. But if left unchecked, those perceptions could pose a real challenge to the platform's future growth. 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
Yahoo
30 minutes ago
- Yahoo
Zeta Global Holdings (NYSE:ZETA) Co-founder John Sculley Retires
Zeta Global Holdings recently experienced a 13% decline in its share price over the past week, which contrasts with a flat performance in the broader market. This downturn coincides with significant developments within the company, including the retirement of Co-founder and Vice Chairman John Sculley. While this leadership change could have contributed to investor uncertainty, the concurrent launch of 'Zeta Answers', an AI-driven intelligence framework, positions the company as a continuing innovator in marketing technology. Despite the market's stability and a positive growth outlook, these internal changes may have added weight to the downward price movement. We've identified 1 risk with Zeta Global Holdings and understanding the impact should be part of your investment process. Trump has pledged to "unleash" American oil and gas and these 22 US stocks have developments that are poised to benefit. The recent changes at Zeta Global Holdings, namely the retirement of Co-founder and Vice Chairman John Sculley and the launch of 'Zeta Answers', have stirred mixed reactions among investors. While the leadership transition may induce short-term uncertainty, the introduction of an AI-driven framework could reinforce the company's innovative edge in marketing technology. Over the past three years, Zeta's total shareholder return stood at 131.18%, highlighting a positive return despite recent volatility. However, in the past year, Zeta underperformed compared to the US Software industry's 19.1% return and the broader US market's 10.6% increase. The internal developments might influence revenue and earnings projections, especially with a focus on AI and acquisitions like LiveIntent, aimed at boosting market share and profitability. Analysts project Zeta's revenue to grow at a 14.2% annual rate, surpassing the US market average of 8.7% per year. Nevertheless, a 13% share price decline over the past week contrasts with a stable broader market, indicating investor wariness towards these changes. Despite this decline, the current share price of US$13.45 offers a substantial discount to the consensus analyst price target of US$30.17, suggesting room for future appreciation if forecasted growth materializes. Navigate through the intricacies of Zeta Global Holdings with our comprehensive balance sheet health report here. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NYSE:ZETA. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
Yahoo
31 minutes ago
- Yahoo
Carvana (NYSE:CVNA) Reports Remarkable First-Quarter Earnings Growth
Carvana has been making significant advancements in its business operations, including the recent launch of same-day vehicle delivery in Denver and the establishment of an Inspection and Reconditioning Center in Nashville. These strategic expansions, aimed at enhancing customer convenience and operational capacity, coincide with a substantial quarterly share price increase of 64%. During the same period, Carvana reported remarkable first-quarter earnings growth, which further aligns with the positive market sentiment despite the market remaining largely flat in recent days. These developments underscore the company's commitment to improving service delivery and its adaptability to market demands. Carvana has 4 risks (and 1 which is significant) we think you should know about. Uncover the next big thing with financially sound penny stocks that balance risk and reward. The introduction of same-day vehicle delivery in Denver and the new Inspection and Reconditioning Center in Nashville could have a significant influence on Carvana's operational efficiency and customer satisfaction. These advancements, coinciding with a significant share price jump, align with the company's aim to enhance service delivery. Over the last three years, Carvana's total return, including share price and dividends, increased by a notably large percentage, showcasing the company's substantial growth, even as the annual industry return was lower. In the past year, Carvana outperformed both the US Specialty Retail industry and the broader market, with returns surpassing industry averages. This differentiation highlights Carvana's capacity to generate notable shareholder value amidst broader market conditions. The news mentioned may further bolster revenue and earnings forecasts as expansion and technology adoption are expected to foster sales growth and improved margins. With the share price closely aligning with the analyst consensus price target of $259.81, the market shows confidence in Carvana's capacity to meet these targets, considering both their ambitious growth strategies and potential risks. However, balancing debt levels and operational scaling remains crucial as the company navigates its path forward. Understand Carvana's earnings outlook by examining our growth report. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NYSE:CVNA. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@