Latest news with #AdamRoss
Yahoo
4 days ago
- Business
- Yahoo
Jastrzebska Spolka Weglowa SA (FRA:J2S) Q1 2025 Earnings Call Highlights: Navigating Market ...
Release Date: June 02, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Jastrzebska Spolka Weglowa SA (FRA:J2S) reported a production increase in coal, with output higher than Q4 2024. The company successfully implemented cost-reduction programs to increase resilience against external factors. Sales of coking coal increased by 8% compared to Q4 2024 and by 10.6% compared to Q1 of the previous year. The company maintained a stable level of coke inventories necessary for operational purposes. Key investments, such as the modernization of the coke battery and power generation units, are ongoing, indicating a commitment to long-term growth. Jastrzebska Spolka Weglowa SA (FRA:J2S) faced a negative financial result of 1.3 billion and a negative EBITDA of 545 million in Q1 2025. The company experienced a significant decline in sales revenue, down by 22% compared to the previous year. There was a notable decrease in the average prices for both coking coal and steam coal, impacting overall revenue. The European steel market remains challenging, with prices still below the levels of the previous year. The company faced external pressures from increased exports of steel from China and import quotas imposed by India, affecting market dynamics. Warning! GuruFocus has detected 6 Warning Signs with FRA:J2S. Q: Can you elaborate on the impact of the challenging market conditions on JSW's financial performance in Q1 2025? A: Adam Ross, Vice President responsible for technology and operations, explained that the unfavorable market conditions, including protectionism and volatility in the steel market, significantly impacted JSW's financial performance. The company reported a negative result of 1.3 billion and a negative EBITDA of 545 million. These challenges were compounded by external factors like methane combustion incidents and difficult mining conditions. Q: How did the changes in global steel and coke markets affect JSW's operations? A: Yolande Grushka, Vice President responsible for sales, highlighted that the global steel market faced increased protectionism and volatility, with import tariffs in the US and anti-dumping proceedings in India affecting coke prices. The European steel market saw increased exports from China, leading to a slowdown in demand. These factors contributed to a decline in coke and coal prices, impacting JSW's sales and revenue. Q: What were the key factors affecting JSW's sales revenue in Q1 2025? A: The CFO, Shnovsky, noted that sales revenue decreased by 0.9% quarter-on-quarter, primarily due to lower coal and coke prices. The decline in steam coal sales prices and volume, along with changes in coking coal prices, negatively impacted revenue. However, an increase in coking coal sales volume provided a slight positive offset. Q: How did JSW manage its inventory levels during the quarter? A: JSW managed to reduce its coal inventory by 15.6% compared to the end of Q4 2024, primarily focusing on steam coal. The company optimized its inventories to align with market conditions and operational needs, maintaining low levels of coke inventory necessary for operational purposes. Q: What strategic investments is JSW focusing on amid these challenges? A: JSW is continuing its key investments, including the modernization of the coke battery number 4 and the construction of power generation units. Despite a reduction in CapEx compared to previous quarters, these projects are prioritized to support the company's long-term transformation plan. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. 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
New York Times
28-03-2025
- Entertainment
- New York Times
Book Club: Read ‘Playworld,' by Adam Ross, With the Book Review
The book opens with a bang: 'In the fall of 1980, when I was 14, a friend of my parents named Naomi Shah fell in love with me. She was 36, a mother of two, and married to a wealthy man. Like so many things that happened to me that year, it didn't seem strange at the time.' Set in New York in the 1980s, Adam Ross's new novel, 'Playworld,' tells the story of a young actor named Griffin as he navigates the chaos of the city, of his family and of being a teenager, and the dangers that swirl around each. His father is a struggling actor and his mother is a former dancer. The family is floundering financially, in part because of a devastating fire that Griffin accidentally started when he was 6 — a blaze that destroyed their home and all of their material possessions. To help make ends meet, Griffin works as a child-star on a hit TV show, but the job distracts from both his school work and his true passion: wrestling. The sport, too, comes with its own agonies; the team's coach sexually abuses several of the young wrestlers, including Griffin. It's all a lot to deal with, especially for a kid, and the only one who seems to listen to him is Naomi, the very person he should avoid. If this makes the book sound dour, it's not. Although 'Playworld' grapples with bleak material, it sparkles with Ross's vivid eye and sardonic sense of humor. Take, for instance, Griffin's mother's response to finding out, decades later, about his relationship with Naomi: 'But she was such an ugly woman.' The result is a dark, off-kilter bildungsroman about one overextended teenager trying to figure himself out while being failed, continually, by every adult around him. In April, the Book Review Book Club will read and discuss 'Playworld,' by Adam Ross. We'll be chatting about the book on the Book Review podcast that airs on April 25, and we'd love for you to join the conversation. Share your thoughts about the novel in the comments section of this article by April 17, and we may mention your observations in the episode. Here's some related reading to get you started: We can't wait to discuss the book with you. In the meantime, happy reading!
Yahoo
26-01-2025
- Entertainment
- Yahoo
Book excerpt: "Playworld" by Adam Ross
We may receive an affiliate commission from anything you buy from this article. Adam Ross, the acclaimed author of "Mr. Peanut," returns with "Playworld" (Knopf), a novel dipped in nostalgia and flecked with love and sorrow, about a child actor coming of age as the object of attraction for an older woman. Read an excerpt below. "Playworld" by Adam Ross Prefer to listen? Audible has a 30-day free trial available right now. Prologue In the fall of 1980, when I was fourteen, a friend of my parents named Naomi Shah fell in love with me. She was thirty-six, a mother of two, and married to a wealthy man. Like so many things that happened to me that year, it didn't seem strange at the time. Two decades later, when I finally told my mother—we were on Long Island, taking a walk on the beach—she stopped, stunned, and said, "But she was such an ugly woman." The remark wasn't as petty as it sounds. If I was aware of it then, it neither repulsed me nor affected my feelings for Naomi. It was just a thing I took for granted, like the color of her hair. Wiry and ashen, it had the shading but not the shimmer of pigeon feathers. Naomi kept it long, so that it fell past her shoulders. I knew it by touch, for my face was often buried in it. Only later did I wonder if she considered herself unattractive, because she always wore sunglasses, as if to hide her face, large gold frames with blue-tinted prescription lenses. When we were driving together, which was often that year, she'd allow these to slide down her nose and then look at me over their bridge. She might've considered this pose winning, but it was more likely to see me better. Her mouth often hung slightly open. Her lower teeth were uneven, and her tongue, which pressed against them, always tasted of coffee. Naomi's car was a silver Mercedes sedan—300sd along with turbo diesel nickel-plated on the back—that made a deep hum when she drove. The interior, enormous in my mind's eye, was tricked out with glossy wood paneling and white leather, back seat so wide and legroom so ample they made the driver appear to be far away. It was in this car that Naomi and I talked most often. We'd park, and then she'd lean across the armrest to press her cheek to mine, and I'd sometimes allow her to kiss me. Other times we'd move to the back. Lying there with Naomi, her nose nuzzled to my neck, I'd stare at the ceiling's dotted fabric until the pattern seemed to detach and drift like a starred sky. This car was her prized possession, and like many commuters, she had turned the machine into an extension of her body. Her left thumb lightly hooked the wheel at eight o'clock when traffic was moving, her fingertips sliding to eleven when it was slow. She preferred to sit slightly reclined, her free hand spread on her inner thigh, though after she lost her pinky the following summer, and even after being fitted with a prosthesis, she kept it tucked away. "I was worried you'd think it was disgusting," she said, the digit hidden between the seat and her hip. She'd bought herself a diamond ring to hide the seam, and for the most part the likeness was uncanny, but at certain angles you could tell—the cuticle's line was too smooth, the nail's pale crescent too creamy to match the others. Like my father's fake teeth, which he occasionally left lying around our apartment, I was fascinated by it, though my curiosity wasn't morbid. I was a child actor, you see, a student of all forms of dissembling, and had long ago found my greatest subject to be adults. Excerpted from "Playworld" by Adam Ross. Copyright © 2025 by Adam Ross. Excerpted by permission of Alfred A. Knopf, a division of Penguin Random House LLC. All rights reserved. No part of this excerpt may be reproduced or reprinted without permission in writing from the publisher. Get the book here: "Playworld" by Adam Ross Buy locally from For more info: "Playworld" by Adam Ross (Knopf), in Hardcover, eBook and Audio formatsFollow Adam Ross on Instagram Trump reacts to Republicans who won't vote for Hegseth How much money is a U.S. president's signature worth? New Alvin Ailey exhibit reveals struggle, strength of legendary choreographer
CBS News
26-01-2025
- Entertainment
- CBS News
Book excerpt: "Playworld" by Adam Ross
We may receive an affiliate commission from anything you buy from this article. Adam Ross, the acclaimed author of "Mr. Peanut," returns with "Playworld" (Knopf), a novel dipped in nostalgia and flecked with love and sorrow, about a child actor coming of age as the object of attraction for an older woman. $26 at Amazon Prologue In the fall of 1980, when I was fourteen, a friend of my parents named Naomi Shah fell in love with me. She was thirty-six, a mother of two, and married to a wealthy man. Like so many things that happened to me that year, it didn't seem strange at the time. Two decades later, when I finally told my mother—we were on Long Island, taking a walk on the beach—she stopped, stunned, and said, "But she was such an ugly woman." The remark wasn't as petty as it sounds. If I was aware of it then, it neither repulsed me nor affected my feelings for Naomi. It was just a thing I took for granted, like the color of her hair. Wiry and ashen, it had the shading but not the shimmer of pigeon feathers. Naomi kept it long, so that it fell past her shoulders. I knew it by touch, for my face was often buried in it. Only later did I wonder if she considered herself unattractive, because she always wore sunglasses, as if to hide her face, large gold frames with blue-tinted prescription lenses. When we were driving together, which was often that year, she'd allow these to slide down her nose and then look at me over their bridge. She might've considered this pose winning, but it was more likely to see me better. Her mouth often hung slightly open. Her lower teeth were uneven, and her tongue, which pressed against them, always tasted of coffee. Naomi's car was a silver Mercedes sedan—300sd along with turbo diesel nickel-plated on the back—that made a deep hum when she drove. The interior, enormous in my mind's eye, was tricked out with glossy wood paneling and white leather, back seat so wide and legroom so ample they made the driver appear to be far away. It was in this car that Naomi and I talked most often. We'd park, and then she'd lean across the armrest to press her cheek to mine, and I'd sometimes allow her to kiss me. Other times we'd move to the back. Lying there with Naomi, her nose nuzzled to my neck, I'd stare at the ceiling's dotted fabric until the pattern seemed to detach and drift like a starred sky. This car was her prized possession, and like many commuters, she had turned the machine into an extension of her body. Her left thumb lightly hooked the wheel at eight o'clock when traffic was moving, her fingertips sliding to eleven when it was slow. She preferred to sit slightly reclined, her free hand spread on her inner thigh, though after she lost her pinky the following summer, and even after being fitted with a prosthesis, she kept it tucked away. "I was worried you'd think it was disgusting," she said, the digit hidden between the seat and her hip. She'd bought herself a diamond ring to hide the seam, and for the most part the likeness was uncanny, but at certain angles you could tell—the cuticle's line was too smooth, the nail's pale crescent too creamy to match the others. Like my father's fake teeth, which he occasionally left lying around our apartment, I was fascinated by it, though my curiosity wasn't morbid. I was a child actor, you see, a student of all forms of dissembling, and had long ago found my greatest subject to be adults. $26 at Amazon $29 at Barnes & Noble Buy locally from
