PEAC Solutions' senior VP Tibor Horvath to retire
With a career in equipment finance spanning more than 40 years, Horvath will be stepping down from his full-time position but will maintain ties with PEAC Solutions as a consultant, with a focus on enhancing the material handling and forklift sectors.
Since joining the company in 2022 during its expansion phase, Horvath contributed by building vendor partnerships for driving growth within the CT&I sector, with business volume escalating from $125m in 2022 to $340m by 2025.
His role was also crucial in expanding the company's network, adding over 20 new vendor partners.
PEAC global CEO Bill Stephenson said: "I have had the pleasure of working with Tibor for many years. His knowledge, leadership, and strong work ethic have played a crucial role in establishing PEAC Solutions as a leader in the construction industry.
'Less than three years ago, when we launched PEAC, we had minimal visibility or presence in the market. Thanks to Tibor's dedication, we are now recognised as one of the leading global leasing companies in this sector."
Before his time at PEAC Solutions, Horvath held senior positions at various international finance institutions.
PEAC Solutions operates as a global asset finance platform, offering financial products to a diverse clientele in the equipment manufacturing, distribution, and dealership sectors.
The company's services span across North America, Europe, and the UK, facilitating the acquisition of equipment through leases and loans.
Earlier this month, PEAC Solutions completed its acquisition of ePlus's domestic subsidiaries, expanding its presence across the US.
"PEAC Solutions' senior VP Tibor Horvath to retire" was originally created and published by Leasing Life, a GlobalData owned brand.
The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
21 minutes ago
- Yahoo
Sterling (NASDAQ:STRL) Surprises With Strong Q2
Civil infrastructure construction company Sterling Infrastructure (NASDAQ:STRL) announced better-than-expected revenue in Q2 CY2025, with sales up 5.4% year on year to $614.5 million. The company expects the full year's revenue to be around $2.13 billion, close to analysts' estimates. Its non-GAAP profit of $2.69 per share was 19.4% above analysts' consensus estimates. Is now the time to buy Sterling? Find out in our full research report. Sterling (STRL) Q2 CY2025 Highlights: Revenue: $614.5 million vs analyst estimates of $554.4 million (5.4% year-on-year growth, 10.8% beat) Adjusted EPS: $2.69 vs analyst estimates of $2.25 (19.4% beat) Adjusted EBITDA: $125.6 million vs analyst estimates of $110.5 million (20.4% margin, 13.7% beat) The company lifted its revenue guidance for the full year to $2.13 billion at the midpoint from $2.1 billion, a 1.2% increase Management raised its full-year Adjusted EPS guidance to $9.34 at the midpoint, a 8% increase EBITDA guidance for the full year is $445.5 million at the midpoint, above analyst estimates of $422.5 million Operating Margin: 17%, up from 12.5% in the same quarter last year Free Cash Flow Margin: 11.7%, down from 15.8% in the same quarter last year Market Capitalization: $8 billion On June 17th, Sterling announced that it had reached an agreement to acquire all of the assets of CEC Facilities Group LLC ("CEC"), and the transaction continues to progress towards closing. Company Overview Involved in the construction of a major highway, the Grand Parkway in Houston, TX, Sterling Infrastructure (NASDAQ:STRL) provides civil infrastructure construction. Revenue Growth Examining a company's long-term performance can provide clues about its quality. Any business can put up a good quarter or two, but the best consistently grow over the long haul. Luckily, Sterling's sales grew at a solid 9.9% compounded annual growth rate over the last five years. Its growth surpassed the average industrials company and shows its offerings resonate with customers, a great starting point for our analysis. We at StockStory place the most emphasis on long-term growth, but within industrials, a half-decade historical view may miss cycles, industry trends, or a company capitalizing on catalysts such as a new contract win or a successful product line. Sterling's recent performance shows its demand has slowed as its annualized revenue growth of 7% over the last two years was below its five-year trend. This quarter, Sterling reported year-on-year revenue growth of 5.4%, and its $614.5 million of revenue exceeded Wall Street's estimates by 10.8%. Looking ahead, sell-side analysts expect revenue to grow 7.2% over the next 12 months, similar to its two-year rate. This projection doesn't excite us and suggests its newer products and services will not catalyze better top-line performance yet. At least the company is tracking well in other measures of financial health. Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) stock benefiting from the rise of AI. Click here to access our free report one of our favorites growth stories. Operating Margin Sterling has managed its cost base well over the last five years. It demonstrated solid profitability for an industrials business, producing an average operating margin of 10.4%. This result was particularly impressive because of its low gross margin, which is mostly a factor of what it sells and takes huge shifts to move meaningfully. Companies have more control over their operating margins, and it's a show of well-managed operations if they're high when gross margins are low. Analyzing the trend in its profitability, Sterling's operating margin rose by 7.2 percentage points over the last five years, as its sales growth gave it immense operating leverage. In Q2, Sterling generated an operating margin profit margin of 17%, up 4.5 percentage points year on year. The increase was encouraging, and because its operating margin rose more than its gross margin, we can infer it was more efficient with expenses such as marketing, R&D, and administrative overhead. Earnings Per Share Revenue trends explain a company's historical growth, but the long-term change in earnings per share (EPS) points to the profitability of that growth – for example, a company could inflate its sales through excessive spending on advertising and promotions. Sterling's EPS grew at an astounding 41.6% compounded annual growth rate over the last five years, higher than its 9.9% annualized revenue growth. This tells us the company became more profitable on a per-share basis as it expanded. Diving into the nuances of Sterling's earnings can give us a better understanding of its performance. As we mentioned earlier, Sterling's operating margin expanded by 7.2 percentage points over the last five years. This was the most relevant factor (aside from the revenue impact) behind its higher earnings; interest expenses and taxes can also affect EPS but don't tell us as much about a company's fundamentals. Like with revenue, we analyze EPS over a more recent period because it can provide insight into an emerging theme or development for the business. For Sterling, its two-year annual EPS growth of 40.5% was lower than its five-year trend. We still think its growth was good and hope it can accelerate in the future. In Q2, Sterling reported adjusted EPS at $2.69, up from $1.67 in the same quarter last year. This print easily cleared analysts' estimates, and shareholders should be content with the results. Over the next 12 months, Wall Street expects Sterling's full-year EPS of $7.76 to grow 13.8%. Key Takeaways from Sterling's Q2 Results We were impressed that Sterling beat analysts' revenue and EBITDA expectations this quarter. We were also excited its full-year guidance was raised. Zooming out, we think this was a solid print. The stock traded up 4.1% to $283.65 immediately following the results. Sterling had an encouraging quarter, but one earnings result doesn't necessarily make the stock a buy. Let's see if this is a good investment. What happened in the latest quarter matters, but not as much as longer-term business quality and valuation, when deciding whether to invest in this stock. We cover that in our actionable full research report which you can read here, it's free. 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
Gizmodo
22 minutes ago
- Gizmodo
Top Website Builder + Hosting: Now 75% Off at Just $2.99/Month!
Hostinger isn't free, but the fresh deal at merely three quid monthly surely pays for itself. If you're looking to build a website, now is the time. Better yet, you'll get the best, most reliable hosting to go along with it. The fresh summer sale is a nice refreshment from the head-spinning heat. Hostinger offers two amazing, Premium and Business plans, both packing serious hosting firepower and numerous site-building tools. See offer at Hostinger Plunge yourself into Hostinger's world with these two discounts: Both are 48-month plans, but Hostinger threw in two free months. However, the freebies don't end there, as Hostinger also includes a free domain for a year. To subscribe, click the button below, select one of the two plans, and follow the steps. What about a free domain? Don't worry. Hostinger will let you claim it immediately after. This will get your website started in minutes and set you on a path to success with essential features for blogging, online sales, email marketing, and more. Are you finding Hostinger lacking? If so, you have a risk-free 30-day money-back guarantee. You can get a full refund and not lose a cent if things go wrong. But what could possibly go wrong with the #1 hosting service? Hostinger used to split its hosting and website builder plans. In 2025, that's not the case. However, the Business plan, at $3.99 monthly, is an overall better pick because it includes: The Business plan includes over 100 payment vendors, 0% transaction fees, and free email marketing to skyrocket your sales. AI site-building tools allow for swift content creation and website design. Hostinger Business includes unlimited storage, bandwidth, and free SSL. You can host up to 50 websites, including blogs and online stores. If it's the latter, you'll also get gift cards, discount codes, and inventory management. The Business offers daily website updates and managed WordPress hosting if you want to go that route. Simultaneously, you'll get flagship add-ons, such as a free CDN, website staging, NVMe storage, email hosting, and more. If you can spend a dollar more, the Business plan is Hostinger's magnum opus. However, even the Premium plan is outstanding if you don't want to sell online. There's a catch: the discount won't last for weeks. If Hostinger lives rent-free in your head and you're on the do-or-don't see-saw, it's time to make the step. Try Hostinger Risk-Free
Politico
23 minutes ago
- Politico
This DOGE project is still full steam ahead
'Gebbia carries a lot of clout,' said one official close to DOGE, granted anonymity to speak candidly. The need for modernization is unquestioned. Roughly 100,000 federal workers retire every year, and their forms are largely stored on paper in the vast mine located roughly an hour outside Pittsburgh. And this is unlikely to be a typical year. The Office of Personnel Management is bracing for a surge in retirements at the end of the year from the crush of federal employees who have opted into the administration's Voluntary Early Retirement and deferred resignation programs. OPM on July 15 stopped accepting paper applications and launched the third iteration of its Online Retirement Application system, which is replacing the Government Benefits Platform. The push is led by a small coalition of DOGE members and civil servants based at OPM. Alongside Gebbia, the group includes DOGE veterans Akash Bobba and Jamie Sullivan, OPM Director Scott Kupor, and a pair of former Airbnb engineers — Yat Choi and Andrew Vilcsak — who joined over the summer, according to agency records viewed by West Wing Playbook. They've worked hand-in-hand with longtime OPM career staff like Kimya Lee and human resources officials from the IRS. 'We started with low-hanging fruit including the automation of the retirement application process, the calculation of basic retirement annuities, and with the capability to support digital signatures on a subset of retirement-related documents,' former OPM Chief Technology Officer Al Himler, who left government earlier this year, wrote in a blog post last month. 'The team at OPM have been working tirelessly to take the federal retirement system digital,' Kupor said in a statement. 'Success will be for nearly all federal employees to self retire in a matter of seconds as opposed to the antiquated process that can take several months if not years to complete.' Gebbia's presence, in particular, has helped inoculate the project from the political drama that stymied other DOGE efforts. Unlike Steve Davis, the former DOGE lead who tried to stay past his welcome and had a falling out with senior White House officials as a result, Gebbia has maintained a low profile inside government. 'Joe's got a name that's well recognized, and the work that he's doing is not political,' said a person familiar with DOGE, also granted anonymity to speak freely. That wasn't always obvious. When Gebbia joined DOGE in February while the group was slashing and burning its way through federal agencies, Airbnb moved quickly to distance itself from its co-founder.
