Latest news with #Arndt
Yahoo
3 days ago
- Business
- Yahoo
Education notes: Sterling student graduates from University of Wisconsin-Milwaukee
Jun. 7—MILWAUKEE — Sterling resident Mackenzie Arndt recently graduated from the University of Wisconsin-Milwaukee. Arndt received a bachelor's degree from the university's School of Education. The commencement ceremony was Sunday, May 18. The ceremony awarded degrees to 2,919 students. Rock Falls student named to Pennsylvania Western University's dean's list ROCK FALLS — Rock Falls resident Claire Bickett recently was named to Pennsylvania Western University's dean's list for the spring semester. Bickett attends the university's Clarion campus. The dean's list honors students who earned a semester GPA of 3.4 or higher. The students also must complete a minimum of 12 graded credit hours. Dixon students named to Cedarville University dean's list CEDARVILLE, Ohio — Dixon residents Madisyn Rubright and Alivia Rubright were named to Cedarville University's dean's list for the spring semester. The dean's list honors students with a semester GPA of 3.5 or higher. The students also must complete at least 12 credit hours. Cedarville University is an evangelical Christian university that offers undergraduate and graduate art, science and professional field programs. For more information, visit Newman Central Catholic High School graduates earn over $3.3 million in scholarships STERLING — Newman Central Catholic High School recently announced that its graduating class earned more than $3.3 million in scholarship awards. The 42 students were involved in faith-based services, student leadership, athletics and fine arts. "These numbers are impressive, but they're only part of the story," Newman Central Catholic High School director of marketing and enrollment Gehrig Koerner said in a news release. "What makes our students truly special is how they balance their studies with service, sports, faith and friendship. They're ready to make an impact in our community."
Yahoo
3 days ago
- Business
- Yahoo
Education notes: Sterling student graduates from University of Wisconsin-Milwaukee
Jun. 7—MILWAUKEE — Sterling resident Mackenzie Arndt recently graduated from the University of Wisconsin-Milwaukee. Arndt received a bachelor's degree from the university's School of Education. The commencement ceremony was Sunday, May 18. The ceremony awarded degrees to 2,919 students. Rock Falls student named to Pennsylvania Western University's dean's list ROCK FALLS — Rock Falls resident Claire Bickett recently was named to Pennsylvania Western University's dean's list for the spring semester. Bickett attends the university's Clarion campus. The dean's list honors students who earned a semester GPA of 3.4 or higher. The students also must complete a minimum of 12 graded credit hours. Dixon students named to Cedarville University dean's list CEDARVILLE, Ohio — Dixon residents Madisyn Rubright and Alivia Rubright were named to Cedarville University's dean's list for the spring semester. The dean's list honors students with a semester GPA of 3.5 or higher. The students also must complete at least 12 credit hours. Cedarville University is an evangelical Christian university that offers undergraduate and graduate art, science and professional field programs. For more information, visit Newman Central Catholic High School graduates earn over $3.3 million in scholarships STERLING — Newman Central Catholic High School recently announced that its graduating class earned more than $3.3 million in scholarship awards. The 42 students were involved in faith-based services, student leadership, athletics and fine arts. "These numbers are impressive, but they're only part of the story," Newman Central Catholic High School director of marketing and enrollment Gehrig Koerner said in a news release. "What makes our students truly special is how they balance their studies with service, sports, faith and friendship. They're ready to make an impact in our community."
Yahoo
19-04-2025
- Business
- Yahoo
Prologis CFO says ‘disconnected world' requires more warehousing
This story was originally published on CFO Dive. To receive daily news and insights, subscribe to our free daily CFO Dive newsletter. Prologis CFO Tim Arndt this week detailed a stark shift in the industrial real estate giant's outlook after April 2, when President Donald Trump fully acted on his longstanding pledge to enact global tariffs, noting in a Wednesday earnings call with analysts that 'even with the pause in some tariffs or resolution of others, customers simply lack a steady backdrop upon which to plan their businesses.' Arndt said the tariff actions 'clearly went beyond our early predictions, making the environment less certain.' The company saw a post-election uptick in property leasing hold steady through a 'very strong' first quarter, he said. But in the past two weeks, even as the company signed about 80 leases involving more than 6 million square feet, volume fell 20% from its normal pace, Arndt said. Painting a mixed picture of potential fallout from tariffs with some potential benefits for the company, Arndt said he expects that demand for warehouse space will rise as policy instability disrupts global supply chains. 'First, a disconnected world will require more warehouse space not less,' Arndt said according to a transcript of the call. 'Second, the current environment is an endorsement of our longstanding strategy to invest in markets where goods are consumed, not where they're produced.' Arndt's comments came as the San Francisco-based Prologis's net earnings attributable to common shareholders ticked up to $592 million in Q1, compared to $584 million in the year-earlier period. The average occupancy of its owned and managed properties stood at 94.9%, down from 96.8% in the year-earlier period. In a Wednesday note, JPMorgan analysts, led by Michael Mueller, wrote Prologis's core funds from operations of $1.42 a share were above Bloomberg's consensus expectation of $1.38 and also stated it was surprising that management maintained its core FFO outlook for 2025. Arndt said on the call that the company's first quarter results would normally have required tightening and increasing guidance. But due to the tariffs, the company instead opted to hold most areas of guidance unchanged, with the exception of capital deployment. 'Prior to April 2, industrial fundamentals were improving, and had it not been for the recent uncertainty from global tariffs and their downstream impacts, we would have raised our expectations for 2025,' he said. 'Instead, we are electing to maintain earnings guidance as there are no policy conclusions right now to plan differently and our severe stress test to core FFO supports the existing range.' The company held its 2025 guidance for net earnings attributable to common shareholders at between $3.45 to $3.70 but lowered its development start guidance to a range of $1.5 billion to $2 billion from a range of $2.25 billion to $2.75 billion. The change reflects the company's expectation of reduced speculative development. In setting the scene for the disruption in the market since April 2, Arndt also said the company has been in touch with more than 300 customers, noting that many of them are acting quickly to manage the tariff volatility by accelerating and re-routing shipments and looking for overflow space along with 'short-term flexibility' while also evaluating free trade zones. Detailing some of the tariff's expected impacts, he said the company anticipates that inventory levels will increase, e-commerce will take a bigger share of transactions and markets outside the U.S., such as Canada, India and Brazil, will benefit. But Arndt cautioned that uncertainty is high. 'Let's be clear, the range of outcomes is wide. We see potential for recession, inflation, or possibly both. And let's also not dismiss the potential for a quick resolution,' he said, expressing confidence that Prologis is 'designed to weather any environment' with its global footprint, diverse tenants and strong balance sheet. Sign in to access your portfolio
Yahoo
16-04-2025
- Business
- Yahoo
Prologis sticks with 2025 outlook, but customers grow more cautious
Logistics real estate investment trust Prologis announced that it is sticking with its initial 2025 outlook even as uncertainty around trade policy has some customers delaying leasing decisions. The company said favorable trends in the first quarter had it in position to raise guidance but 'Liberation Day' tariffs announced April 2 forced it to pause that decision. Looking forward, management told analysts on a Wednesday conference call that there are still many unknowns around near-term leasing demand but that longer-term fundamentals and the need for incremental warehousing space remain intact. 'Let's be clear: The range of outcomes is wide. We see potential for a recession, inflation or possibly both. And let's also not dismiss the potential for a quick resolution,' CFO Tim Arndt said on the call. He said the company was 'designed to weather any environment,' noting a diverse customer portfolio, built-in rent escalators and a strong balance sheet, but that 'customers simply lack a steady backdrop upon which to plan their businesses.'Prologis (NYSE: PLD) reported first-quarter core funds from operations (FFO) of $1.42 per share before the market opened on Wednesday, which was 4 cents above consensus and 14 cents higher year over year. Total revenue was up 9% y/y to $2.14 billion as new leases commenced increased 35% to 65.1 million square feet, but occupancy slid 190 basis points to 94.9%. (Occupancy ended the period at 95.2%.) Arndt said many customers have been pulling forward inventories ahead of tariffs and some are now looking for more storage space. Port markets could also see a near-term lift given a 90-day pause on some tariffs as customers continue to build stockpiles. Deals are still getting done currently but at a reduced pace. Overall leasing activity for Prologis was down 20% over the past two weeks. It signed 80 leases covering 6 million square feet in that period. However, the company believes the need for space will increase in a 'disconnected world' as many players will be required to stand up new supply maintained its full-year 2025 guidance for core FFO to range from $5.65 to $5.81. The outlook continues to assume average occupancy in a range of 94.5% to 95.5%. It did lower its forecast for development starts by 30% at the midpoint of the new range of $1.5 billion to $2 billion until visibility improves. The bottom end of the FFO guidance range contemplated worst-case scenarios from past downturns like the Great Financial Crisis when rents fell 18% and vacancies declined 170 bps. 'But please, this is not a prediction. We are incapable of making a prediction in this environment,' said Hamid Moghadam, Prologis co-founder and CEO. The concern over tariffs had little impact on the quarter as global rents fell 1.5% and were down just 0.5% excluding Southern California. Shares of PLD were 2% higher at 2:42 p.m. EDT on Wednesday compared to the S&P 500, which was down 2.6%. More FreightWaves articles by Todd Maiden: J.B. Hunt's intermodal bid season delivers mixed results March freight demand enters, exits like a lamb Amazon launches inbound-only LTL service The post Prologis sticks with 2025 outlook, but customers grow more cautious appeared first on FreightWaves.
NBC News
07-04-2025
- Entertainment
- NBC News
Denis Arndt, Tony-nominated star of ‘Heisenberg' and veteran of David E. Kelley TV shows, dies
NEW YORK — Denis Arndt, a character actor and favorite of TV writer and producer David E. Kelley, getting cast in 'L.A. Law,' 'Picket Fences' and 'Chicago Hope,' and later earning a Tony nomination for his Broadway debut at age 77 in a play about mismatched lovers, has died. He was 86. Arndt died 'peacefully in his bed' at his cabin home in Ashland, Oregon, his family announced in an obituary published March 26. It noted that he was born in 1939, the same year 'The Wizard of Oz' came out. 'That was like Dad's life,' it said. 'It started out in black and white and blossomed into a life of color, brilliance, daring adventure and passion. And it was also a little bit trippy, like Oz.' Arndt was a Vietnam veteran helicopter pilot who twice was awarded the Purple Heart and later flew helicopters in Alaska. He turned to acting after moving to Seattle, spending multiple seasons at the Oregon Shakespeare Festival and performing as an early member of the Intiman Theatre in Seattle. His career began in the mid-1980s with roles on the TV shows 'Crime Story' and 'Wiseguy,' and he would spend the 1990s in TV and film, with a highlight being one of the cops interrogating Sharon Stone's character in Paul Verhoeven's 'Basic Instinct.' Making his first and only Broadway appearance at age 77 opposite Mary-Louise Parker, Arndt received acclaim for his performance in 'Heisenberg,' which debuted off-Broadway in 2015 before hitting Broadway a year later. In the play by Simon Stephens, babble-mouthed 42-year-old Georgie from New Jersey randomly meets a bored 75-year-old Irish butcher, Alex, in a London train station and the two begin a strange courtship. The Associated Press was charmed by the performers and Stephens' play: 'He captures new love and old love at the same time, hope and fear, the new world and the old. He's turned the simplest of tales — boy meets girl — into an unexpectedly rich thing with just two chairs, two tables and two actors.' On TV, Arndt was a frequent Kelly collaborator, starting with 'L.A. Law' and then as lawyer Franklin Dell on 'Picket Fences' over four seasons. He also had roles on 'Chicago Hope,' 'Ally McBeal,' 'The Practice,' 'Boston Public,' 'Boston Legal' and 'Mr. Mercedes.' His other small-screen credits include 'Providence, 'The Wonder Years,' 'Murder, She Wrote,' 'Life Goes On,' 'Herman's Head,' 'Touched by an Angel,' 'Grey's Anatomy' and 'The Good Fight.' He is survived by his wife, Magee, and his children, Scott, Tammy, Laurie, Kirsten, Bryce, McKenna and Tanner.
