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National Post
2 hours ago
- National Post
Henderson contending at Portland Classic in bid to end victory drought
PORTLAND, Ore. — Two-time champion Brooke Henderson birdied all four par-5 holes for a 7-under 65 on Thursday in The Standard Portland Classic, leaving the slumping Canadian a stroke behind first-round leader Adela Cernousek. Article content Henderson won the first of her 13 LPGA Tour titles in 2015 by eight strokes at Columbia Edgewater at age 17, and successfully defended the following year. Now 27, she's winless since January 2023 and has dipped to 52nd in the world. Article content Article content Article content 'I love coming back to this place,' Henderson said. 'I do have a lot of the great memories. A lot of good things happened to me here.' Article content She opened her morning round with four straight birdies, two on par 5s. On her second nine, she birdied the par-5 fifth and seventh and the par-4 ninth. Article content 'It's really important to hit a bunch of fairways this week,' Henderson said. 'You want to be hitting it really straight. I think I only missed two fairways today, so that was good. Hopefully, hit them all tomorrow.' Article content Next week, Henderson will be back home in Canada for the CPKC Women's Open in Mississauga. She won the national championship in 2018. Article content Cernousek shot a 65 in the final group of the day off the 10th tee. The 22-year-old Frenchwoman played her final nine holes in 7-under 29 — highlighted by an eagle on No. 7. Article content 'I was hitting the ball very well,' Cernousek said. Article content Sung Hyun Park was a stroke back with Henderson, Jeongeun Lee5, Gurleen Kaur and Miranda Wang. Park had eight birdies and a bogey in her afternoon round on the tree-lined course. The 31-year-old South Korean player won the last of her seven tour titles in 2019. Article content Article content 'As of late, my ball-striking and putting are starting to feel quite comfortable and that's exactly what happened today,' Park said. 'I was able to make confident swings and also feel great about the strokes I made on the greens.' Article content Article content Haeran Ryu was two strokes back at 66 with Perrine Delacour, Arpichaya Yubol, Ashleigh Buhai and Linn Grant. Ryu, at No. 9 in the world, and No. 7 Angel Yin — who shot a 72 — are the only players from the top 10 in the world ranking in the field. Article content Amateur Kiara Romero had a 67. The University of Oregon star won the 2023 U.S. Girls' Junior and 2025 Big Ten title. Article content 'Everything was rolling pretty smoothly,' Romero said. 'I was a little bit nervous on the first tee, but still played pretty good.' Article content Juli Inkster, the 65-year-old Hall of Famer who won the 1999 event, birdied three of the par 5s in a 69. Article content 'I actually thought I putted really well today,' Inkster said. 'Hit a lot of good irons and I drove the ball well. I was happy with that.' Article content She played alongside 2017 champion Stacy Lewis and 2019 winner Hannah Green, who each shot 73. Defending champion Moriya Jutanugarn also had a 73. Article content
Globe and Mail
4 hours ago
- Globe and Mail
Strattec Security Posts 6 Percent Gain
Key Points Revenue (GAAP) reached $152.0 million, up 6.3% compared to the prior-year period, and beat expectations by $8.5 million. Non-GAAP diluted EPS was $2.06, exceeded analyst estimates by 92.5% (non-GAAP). Gross margin (GAAP) expanded to 16.7%, a 3.7 percentage point increase in gross margin year over year. These 10 stocks could mint the next wave of millionaires › Strattec Security (NASDAQ:STRT), a leading designer and manufacturer of mechanical and electronic locks and access control products for the automotive industry, released its fourth quarter fiscal 2025 earnings on August 14, 2025. The release showed results well ahead of analyst expectations, with non-GAAP EPS of $2.06 versus an estimate of $1.07 and GAAP revenue of $152.0 million versus an estimate of $143.51 million.—revenue (GAAP) climbed to $152.0 million, outpacing the consensus estimate by $8.5 million (GAAP), and non-GAAP diluted earnings per share reached $2.06 versus an expected $1.07. Compared to the same period a year ago, gross margin (GAAP) improved sharply and cash flow from operations increased significantly in both the quarter and FY2025. Overall, the quarter showed margin expansion and positive cash generation, with continued progress on the company's operational transformation. Metric Q4 FY2025(ended June 29, 2025) Q4 Estimate Q4 FY2024(ended June 30, 2024) Y/Y Change EPS (Diluted, Non-GAAP) $2.06 $1.07 $2.42 (14.9%) Revenue (GAAP) $152.0 million $143.51 million $143.1 million 6.2 % Gross Margin 16.7 % 13.0 % 3.7 pp Adjusted EBITDA (Non-GAAP) $13.0 million $13.8 million (-5.8 %) Source: Analyst estimates for the quarter provided by FactSet. Company Overview and Key Areas of Focus Strattec Security delivers mechanical and electronic vehicle access solutions—including locksets, ignition locks, latches, electronic keys, and power access systems—to major automotive manufacturers and the aftermarket. The company's core business centers on products like power liftgate motion control, power tailgate systems, and electronic locking devices for vehicles. Its products are integrated into new vehicles and used for replacement in North America and key international markets. Recently, Strattec has focused on cost controls, restructuring its joint ventures, and deepening partnerships—especially a key cooperation with WITTE Automotive, following divestment of its stake in VAST LLC. Success for Strattec depends on strong relationships with its top customers, keeping pace with automotive technology, and delivering value through pricing and operational efficiency. Roughly two-thirds of its sales rely on the three major U.S. automakers—General Motors, Ford, and Stellantis—which accounted for approximately 66% of net sales in FY2024 and FY2023, making customer concentration a critical factor. Quarterly Performance and Business Developments Revenue (GAAP) was up 6.3% year over year, beating GAAP revenue estimates by $8.492 million. Growth was driven by new pricing actions, higher demand from automotive manufacturers, and a lift from new product programs. In detail, $3.7 million in additional pricing, $4.1 million of increased demand, and $1.2 million in new launches contributed to this gain, alongside an improved sales mix. The gross margin (GAAP) rose to 16.7%, up from 13.0% in Q4 FY2024. Improvements here came from favorable foreign exchange (delivering a $3.0 million benefit), successful restructuring (saving $1.3 million), and stronger pricing. These factors outweighed a $1.6 million increase in tariff costs and $1.1 million of higher labor costs in its Mexican operations. Despite these benefits, higher selling, administrative, and engineering expenses increased to $16.9 million, mostly reflecting lapping of a $4.7 million one-time engineering recovery in the prior period, as well as increased performance-based compensation and transformation spending. The company generated $30.2 million in cash from operations, compared with $19.5 million in cash from operations in Q4 FY2024. Cash and cash equivalents at quarter end were $84.6 million, a sharp increase from $25.4 million at the end of FY2024. This cash build occurred despite continued investments in property and equipment, which totaled $7.2 million for the year. Debt related to joint ventures declined to $8 million from $13 million at FY2024 year-end. Profitability metrics were mixed. While non-GAAP diluted earnings per share was well above analyst estimates, it fell from a strong prior-year print that included a one-time engineering recovery benefit. Adjusted earnings before interest, taxes, depreciation, and amortization (commonly called EBITDA, which measures core profitability before the effect of financing and non-cash costs) declined 1.1 percentage points year-over-year as a share of revenue, from 9.6% in Q4 FY2024 to 8.5%, down to 8.5% (adjusted EBITDA margin, non-GAAP). This reflected increases in performance compensation and investments in business transformation. Strattec's power access product family—such as its motion control systems for power liftgates and sliding power doors—remained a core focus. These electro-mechanical systems integrate automatic opening and closing functionality for vehicle doors and tailgates, meeting new demands from automakers and end-users. The company continued to invest in talent and engineering to keep up with evolving automotive technology, with business transformation costs and investments in talent contributing to higher administrative costs. Management confirmed ongoing work on product innovation and deeper customer engagement in areas like automated and secure access systems for next-generation vehicles. No new material one-time events were noted in the quarter, although the prior-year comparison period included a significant one-time engineering design and development recovery. There were no dividend declarations or increases reported for the quarter. STRT does not currently pay a dividend. Looking Ahead: Outlook and Risks to Watch Management did not provide formal financial guidance for future quarters or the coming year. In its commentary, leadership noted both excitement for long-term prospects and caution for the near term, referencing downward revisions in North American automotive production forecasts and a pause in new vehicle program launches by key customers. Investors should pay attention to Strattec's ability to manage continued risks, navigating cost pressures from tariffs and labor, and securing new program launches in a slower production environment. The company expects tariff costs to increase by $5–$7 million annually before further mitigation and will need to continue passing through these costs or finding operational efficiencies to protect margins. No clear earnings or revenue targets were offered by management in the earnings release or call. Revenue and net income presented using U.S. generally accepted accounting principles (GAAP) unless otherwise noted. Where to invest $1,000 right now When our analyst team has a stock tip, it can pay to listen. After all, Stock Advisor's total average return is 1,062%* — a market-crushing outperformance compared to 185% for the S&P 500. They just revealed what they believe are the 10 best stocks for investors to buy right now, available when you join Stock Advisor. See the stocks » *Stock Advisor returns as of August 13, 2025
Globe and Mail
6 hours ago
- Globe and Mail
Raymond West and Toyota Lift Northwest Return to Farwest Trade Show 2025
"Visit Raymond West at Booth #16019" Raymond West and Toyota Lift Northwest will showcase advanced warehouse and intralogistics solutions at the 52nd annual Farwest Trade Show in Portland, August 20–22, 2025. CYPRESS, CA - Raymond West, a division of The Raymond Corporation and a member of the Toyota Industries family of companies, is excited to announce it will be co-exhibiting with Toyota Lift Northwest at the 52nd annual Farwest Trade Show. The event will take place from August 20 to 22, 2025 at the Oregon Convention Center in Portland, Oregon. Attendees can visit Raymond West and Toyota Lift Northwest at Booth #16019. "The Farwest Trade Show provides an invaluable platform for us to connect with our customers and showcase the innovative solutions that drive success in today's fast-paced warehouse and distribution environments," said Juan Flores, Vice President of Sales for Raymond West. "We're excited to demonstrate how these cutting-edge technologies, in proud partnership with Toyota Lift Northwest, can help businesses optimize their operations and achieve new levels of productivity." Showcasing innovative solutions for today's technologically advanced warehouse and distribution centers, Raymond West and Toyota Lift Northwest will feature a selection of products designed to store, move and optimize intralogistics operations. Highlights include: Raymond West's rigorously tested ReNewed, commercial products Motrec MT-290 HD versatile tow tractor Nilfisk SW4000 high-performance floor sweeper Taylor Dunn stock chaser for warehouse productivity AUSA C150H rough terrain forklift—compact, highly maneuverable, and able to lift up to 3,000 lbs, perfect for sites with uneven ground and tight spaces Attendees are encouraged to visit Booth #16019 to meet with the Raymond West and Toyota Lift Northwest sales teams. Whether you're an existing client or interested in becoming one, this is an opportunity to explore state-of-the-art products and solutions tailored to grow your business. About Raymond West Intralogistics Solutions At Raymond West our aim is to deliver the utmost quality and to work for continuous improvement every day, in every aspect of our business. Serving the entire West Coast, Raymond West is your trusted partner in customized intralogistics solutions and exceptional support for all your business needs. We specialize in keeping your warehouse running efficiently, providing comprehensive services to help you Store, Move, and Optimize your operations for productivity and growth. About Toyota Lift Northwest Our goal is to exceed your expectations at all touch points by providing you with turnkey solutions for all of your forklift needs and exceptional customer service built on Honesty, Transparency and Respect. We are happy to not only get you the world's leading forklift, but also improve your warehouse efficiency through: storage systems, safety equipment, planned maintenance and more. Media Contact Company Name: Raymond West Contact Person: Tracey Meyers Email: Send Email Phone: (800) 669-5438 Address: 5560 Katella Ave City: Cypress State: CA Country: United States Website:
