Kitchen remodel underway at Ronald McDonald House
The kitchen at the Ronald McDonald House near Sanford's main campus is getting a new look.
Broadway's longest-running musical 'Chicago' hits Sioux Falls
'It's going to look really nice, really bright. The old one was dark wood work. This one is light wood work,' Hjellming Construction President Scott Hjellming said.
Hjellming is also a board member of of the Ronald McDonald House Charities of South Dakota.
His business is one of several donating time, products, and materials for the remodeling project.
Hjelling says the other businesses are Sioux Falls Kitchen and Bath, Karl's, Montgomery's, and Cambria/Creative Surfaces.
Supporters have also helped raise over $100,000 for the new kitchen.
'It's just more efficiently laid out, so it's going to be easier for them to prepare meals,' Hjellming said.
The Ronald McDonald House serves over 1,000 families each year between its two Sioux Falls locations.
'This house is something really special, but I will tell you what, it is used, and when you have 1,000 families coming through every single year, the wear and tear is 20 times more than what our own house's wear and tear is,' said Jessica Arend, Ronald McDonald House Charities of South Dakota Chief Development Officer.
Because the main kitchen is under construction, the Ronald McDonald House has set up a makeshift kitchen for families to use.
Donors and restaurants are also providing meals.
'We're still making sure that families are eating nutritious, healthy meals,' Arend said.
The project should be wrapped up in about five weeks.
'These families are here because their children are in the children's hospital. They really need somewhere to come back and cook a good meal and have good food to eat and stuff like that in place to relax, so something new and better and easier to use will make their day a lot better,' Hjellming said.
If you'd like to help provide meals for the Ronald McDonald Houses, click here. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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Reported Financial Results (Millions of US dollars) (Unaudited) June 30 2025 March 31 2025 Assets Current assets: Cash and cash equivalents $ 391.6 $ 562.7 Restricted cash and cash equivalents 1,707.8 5.0 Restricted cash and cash equivalents - Asbestos 12.4 37.9 Restricted short-term investments - Asbestos 183.2 175.8 Accounts and other receivables, net 323.2 391.8 Inventories 382.9 347.1 Prepaid expenses and other current assets 86.6 100.6 Assets held for sale 75.9 73.1 Insurance receivable - Asbestos 5.7 5.5 Workers' compensation - Asbestos 2.4 2.3 Total current assets 3,171.7 1,701.8 Property, plant and equipment, net 2,230.1 2,169.0 Operating lease right-of-use-assets 69.7 70.4 Goodwill 209.7 193.7 Intangible assets, net 155.7 145.6 Insurance receivable - Asbestos 23.2 23.2 Workers' compensation - Asbestos 17.1 16.5 Deferred income taxes 595.0 600.4 Deferred income taxes - Asbestos 288.2 284.5 Other assets 26.3 24.8 Total assets $ 6,786.7 $ 5,229.9 Liabilities and Shareholders' Equity Current liabilities: Accounts payable and accrued liabilities $ 502.5 $ 446.4 Accrued payroll and employee benefits 88.6 133.3 Operating lease liabilities 21.8 21.6 Long-term debt, current portion — 9.4 Accrued product warranties 6.8 7.3 Income taxes payable 15.1 10.3 Asbestos liability 124.5 119.4 Workers' compensation - Asbestos 2.4 2.3 Other liabilities 81.9 60.2 Total current liabilities 843.6 810.2 Long-term debt 2,524.9 1,110.1 Deferred income taxes 129.2 121.1 Operating lease liabilities 63.3 63.9 Accrued product warranties 27.0 26.9 Asbestos liability 870.7 864.2 Workers' compensation - Asbestos 17.1 16.5 Other liabilities 54.6 55.5 Total liabilities 4,530.4 3,068.4 Total shareholders' equity 2,256.3 2,161.5 Total liabilities and shareholders' equity $ 6,786.7 $ 5,229.9 (Unaudited) Three Months Ended June 30 (Millions of US dollars, except per share data) 2025 2024 Net sales $ 899.9 $ 991.9 Cost of goods sold 563.0 595.0 Gross profit 336.9 396.9 Selling, general and administrative expenses 156.1 149.8 Research and development expenses 12.1 11.8 Acquisition related expenses 29.4 — Asbestos adjustments 0.7 (0.1 ) Operating income 138.6 235.4 Interest, net 37.8 1.7 Other expense (income), net 11.1 (0.2 ) Income before income taxes 89.7 233.9 Income tax expense 27.1 78.6 Net income $ 62.6 $ 155.3 Income per share: Basic $ 0.15 $ 0.36 Diluted $ 0.15 $ 0.36 Weighted average common shares outstanding (Millions): Basic 429.9 433.1 Diluted 431.1 434.5 (Unaudited) Three Months Ended June 30 (Millions of US dollars) 2025 2024 Cash Flows From Operating Activities Net income $ 62.6 $ 155.3 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 56.5 49.8 Lease expense 8.3 8.0 Deferred income taxes 13.8 41.6 Stock-based compensation 6.9 4.3 Asbestos adjustments 0.7 (0.1 ) Non-cash interest expense 33.6 0.5 Other, net 22.1 8.4 Changes in operating assets and liabilities: Accounts and other receivables 77.7 (0.2 ) Inventories (26.8 ) (31.4 ) Operating lease assets and liabilities, net (7.9 ) (8.4 ) Prepaid expenses and other assets (16.9 ) (7.9 ) Insurance receivable - Asbestos 0.9 1.3 Accounts payable and accrued liabilities 33.3 19.5 Claims and handling costs paid - Asbestos (29.3 ) (26.7 ) Income taxes payable 4.6 22.0 Other accrued liabilities (33.2 ) (50.9 ) Net cash provided by operating activities $ 206.9 $ 185.1 Cash Flows From Investing Activities Purchases of property, plant and equipment $ (103.2 ) $ (129.8 ) Capitalized interest (2.1 ) (6.2 ) Purchase of restricted investments - Asbestos (56.6 ) (58.8 ) Proceeds from restricted investments - Asbestos 56.6 55.0 Net cash used in investing activities $ (105.3 ) $ (139.8 ) Cash Flows From Financing Activities Proceeds from senior secured notes $ 1,700.0 $ — Repayments of term loan (290.6 ) (1.9 ) Debt issuance costs (6.3 ) — Repayment of finance lease obligations (0.3 ) (0.3 ) Shares repurchased — (75.0 ) Taxes paid related to net share settlement of equity awards — (0.2 ) Net cash provided by (used in) financing activities $ 1,402.8 $ (77.4 ) Effects of exchange rate changes on cash and cash equivalents, restricted cash and restricted cash - Asbestos $ 1.8 $ (0.4 ) Net increase in cash and cash equivalents, restricted cash and restricted cash - Asbestos 1,506.2 (32.5 ) Cash and cash equivalents, restricted cash and restricted cash - Asbestos at beginning of period 605.6 415.8 Cash and cash equivalents, restricted cash and restricted cash - Asbestos at end of period $ 2,111.8 $ 383.3 Non-Cash Investing and Financing Activities Capital expenditures incurred but not yet paid $ 19.6 $ 37.9 Non-cash ROU assets obtained in exchange for new lease liabilities $ 2.7 $ 7.1 Further Information Readers are referred to the Company's Condensed Consolidated Financial Statements and Management's Analysis of Results for the first quarter ended June 30, 2025 for additional information regarding the Company's results. All comparisons made are vs. the comparable period in the prior fiscal year and amounts presented are in US dollars, unless otherwise noted. Conference Call Details James Hardie will hold a conference call to discuss results and outlook Tuesday, August 19, 2025 at 6:00pm EST (Wednesday, August 20, 2025 at 8:00am AEST). Participants may register for a live webcast and access a replay following the event of the event on the Investor Relations section of the Company's website ( Annual General Meeting James Hardie announced that the Annual General Meeting (AGM) will be held on Wednesday, October 29, 2025 at 8:00pm GMT / 4:00pm EST / Thursday, October 30, 2025 at 7:00am AEDT. Further information will be made available in the Company's Notice of Meeting. About James Hardie James Hardie Industries plc is the industry leader in exterior home and outdoor living solutions, with a portfolio that includes fiber cement, fiber gypsum, and composite and PVC decking and railing products. Products offered by James Hardie are engineered for beauty, durability, and climate resilience, and include trusted brands like Hardie®, TimberTech®, AZEK® Exteriors, Versatex®, fermacell® and StruXure®. With a global footprint, the James Hardie portfolio is marketed and sold throughout North America, Europe, Australia and New Zealand. James Hardie Industries plc is incorporated and existing under the laws of Ireland. As an Irish plc, James Hardie is governed by the Irish Companies Act. James Hardie's principal executive offices are located at 1st Floor, Block A, One Park Place, Upper Hatch Street, Dublin 2, D02 FD79, Ireland. Cautionary Note and Use of Non-GAAP Measures This Earnings Release includes financial measures that are not considered a measure of financial performance under generally accepted accounting principles in the United States (GAAP), such as Adjusted Net Income, Adjusted Operating Income, Adjusted EBITDA, Adjusted Diluted EPS and Free Cash Flow. These non-GAAP financial measures should not be considered to be more meaningful than the equivalent GAAP measure. Management has included such measures to provide investors with an alternative method for assessing its operating results in a manner that is focused on the performance of its ongoing operations and excludes the impact of certain legacy items, such as asbestos adjustments, or significant non-recurring items, such as asset impairments, restructuring expenses, acquisition and pre-close financing related costs, as well as adjustments to tax expense. Additionally, management uses such non-GAAP financial measures for the same purposes. However, these non-GAAP financial measures are not prepared in accordance with GAAP, may not be reported by all of the Company's competitors and may not be directly comparable to similarly titled measures of the Company's competitors due to potential differences in the exact method of calculation. A reconciliation of these adjustments to the most directly comparable GAAP measure is included in this Earnings Release below. The Company is unable to forecast the comparable US GAAP financial measure for future periods due to, amongst other factors, uncertainty regarding the impact of actuarial estimates on asbestos-related assets and liabilities in future periods. This Earnings Release contains forward-looking statements and information that are subject to risks, uncertainties and assumptions. Many factors could cause the actual results, performance or achievements of James Hardie to be materially different from those expressed or implied in this release, including, among others, the risks and uncertainties set forth in Section 3 "Risk Factors" in James Hardie's Annual Report on Form 20-F for the fiscal year ended March 31, 2025; changes in general economic, political, governmental and business conditions globally and in the countries in which James Hardie does business; changes in interest rates; changes in inflation rates; changes in exchange rates; the level of construction generally; changes in cement demand and prices; changes in raw material and energy prices; changes in business strategy; the AZEK acquisition and various other factors. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described herein. James Hardie assumes no obligation to update or correct the information contained in this Earnings Release except as required by law. This Earnings Release has been authorized by the James Hardie Board of Directors. 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equity awards 25.6 26.4 Total $ 1,044.7 $ 1,158.9 Net Leverage ratio 0.46x 0.66x 1 Represents funds for the $1.7 billion senior secured notes entered into in June 2025 and related interest received. Free Cash Flow US$ Millions Three Months Ended June 30 FY26 FY25 Net cash provided by operating activities $ 206.9 $ 185.1 Purchases of property, plant and equipment (103.2 ) (129.8 ) Free Cash Flow $ 103.7 $ 55.3 View source version on Contacts Investor and Media Contact Joe Ahlersmeyer, CFA Vice President, Investor Relations+1 773-970-1213investors@ 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
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- Yahoo
Analysis-Air Canada labor deal may reshape pay for North American airline crews
By Allison Lampert and Rajesh Kumar Singh MONTREAL/CHICAGO (Reuters) -A crippling strike by Air Canada flight attendants that grounded thousands of flights over wages and unpaid labor is the latest blow to the airline industry's compensation system that does not fully pay cabin crews for their hours at work. The union, representing more than 10,000 Air Canada flight attendants, said on Tuesday they reached a tentative deal that ends unpaid work, without sharing further details. Analysts say any gains could influence upcoming contract negotiations in North America. The deal could also drive up structural costs in a cyclical industry. Labor is airlines' biggest operating expense after fuel. The four-day strike that stranded more than 500,000 passengers mirrors unrest at U.S. carriers, where flight attendants cannot walk off the job until the National Mediation Board grants permission. But cabin crews at American, Southwest, and Alaska Airlines last year rejected several contract deals, saying they did not address concerns about unpaid work. Flight attendants at United Airlines last month voted down a $6-billion tentative labor agreement, which did not provide compensation for time on the ground before and after flights. The Chicago-based airline's union is surveying its members before returning to bargaining in December. United and the union did not immediately respond to requests for comments. While cabin crews get paid for a minimum number of hours, they are mostly compensated when planes are in motion, neglecting the crucial tasks performed during boarding, deplaning, and other ground operations. Unions say this amounts to significant unpaid labor. In previous contract negotiations, airlines secured concessions from workers as the industry was struggling due to economic downturns or the pandemic. But a runup in inflation, stagnant wages, and increased workload have fueled resentment among flight attendants, bolstering demands for a change in pay practices. "The Air Canada strike helps negotiations everywhere. It defined the problem of ridiculous expectations for flight attendants to work without pay," said Sara Nelson, international president of the Association of Flight Attendants-CWA, which represents 55,000 flight attendants at 20 airlines, including United. "The striking flight attendants are an inspiration to working people everywhere." Nelson spoke with Wesley Lesosky, head of Air Canada's flight attendants union, on Monday to coordinate positions, representatives of both unions told Reuters. Shanyn Elliott, an Air Canada Rouge flight attendant, said when she started work in 2017, she would pick up long-haul flights to earn extra pay as her C$23 ($16.60) hourly wage did not cover the cost of living. Adding to her frustration, frequent flight delays after the pandemic meant longer hours, said Elliott, who heads the strike committee for Air Canada flight attendants at the Canadian Union of Public Employees. Air Canada CEO Michael Rousseau said the industry needed to review its compensation models. In an interview, he said the Canadian carrier has accepted the concept of ground pay, adding other airlines will likely look at their own models. "I do think the industry has to take a closer look at this over time," Rousseau told Reuters. "We all should be open to change." American and Alaska have already begun compensating attendants for boarding time in their new labor agreements. American's flight attendants are now also compensated for some hours between flights. Those gains came after Delta Air Lines, whose flight attendants are not in a union, instituted boarding pay for cabin crew at half of their hourly wages in 2022 when they were trying to organize. HIGHER COSTS But paying for boarding and time on the ground would inflate airlines' operating costs. American Airlines' new flight attendant contract is estimated to cost it an extra $4.2 billion over five years. The company last month blamed increased labor costs in part for its margin underperformance. Canaccord Genuity analyst Matthew Lee estimates the proposed wage hikes at Air Canada would mean up to C$140 million in incremental costs. Air Canada's wage bill has increased about 26% since before the pandemic. The airline is already grappling with weak passenger traffic to the U.S. amid strained trade relations between Canada and the U.S., leading to a nearly 40% year-on-year decline in quarterly profit. But analysts warn holding the line on costs risks industrial peace. "The movement is on," said John Gradek, a faculty lecturer in supply networks and aviation management at McGill University. ($1 = 1.3855 Canadian dollars)
