Latest news with #BruceMcDonald
CTV News
28-05-2025
- Entertainment
- CTV News
Guillermo del Toro curates Canadian horror movie series for TIFF
Director Guillermo del Toro speaks during a press conference for the movie 'The Shape of Water' at the Toronto International Film Festival on Monday, September 11, 2017. (Chris Donovan / THE CANADIAN PRESS) Director Guillermo del Toro has been tapped to curate a Canadian horror movie series for TIFF this summer. Titled 'From Rabid to Skinamarink: Canadian Movie Madness,' the showcase with TIFF Cinematheque will run from July 9 to 13 at TIFF Lightbox at 350 King St. W. The Toronto International Film Festival says del Toro's picks celebrate 'influential horror films made north of the 49th parallel, featuring iconic and boundary-pushing films by David Cronenberg, Bruce McDonald, and Vincenzo Natali.' They include include Rabid (1977), Cube (1997), Ginger Snaps (2000), Pontypool (2008), and Skinamarink (2022). Del Toro, who was born in Mexico, divides his time between Toronto and Los Angeles, and frequently takes to social media to share his love for the city. His filmography includes a number of movies filmed in the Toronto and Hamilton area – including the Oscar-winning The Shape of Water – and he runs a studio out of three adjacent apartments in the city's east-end. TIFF will also host a free, outdoor screening of The Shape of Water on July 8 at Harbourfront Centre at 235 Queens Quay W., as part of the film festival's 50th anniversary celebrations this summer.
Yahoo
01-05-2025
- Business
- Yahoo
Dana Inc (DAN) Q1 2025 Earnings Call Highlights: Navigating Challenges with Strategic Cost ...
Sales: $2.4 billion, $383 million lower than last year. Adjusted EBITDA: $188 million, profit margin of 8%. Net Income: $25 million, compared to $3 million last year. Operating Cash Flow: Use of $37 million, an improvement of $65 million year-over-year. Free Cash Flow: Use of $101 million, $67 million higher than last year. Cost Savings: $41 million in profit from cost-saving actions. Tariff Impact: $6 million in the quarter, with expected recoveries throughout the year. Foreign Currency Impact: Decreased sales by $53 million, profit lower by $4 million. 2025 Full Year Sales Guidance: Expected to be above the midpoint of the range. 2025 Adjusted EBITDA Guidance: $975 million at midpoint, 10% profit margin. 2025 Adjusted Free Cash Flow Guidance: $225 million at midpoint. 2025 Adjusted EPS Guidance: $1.40 per share at midpoint. Warning! GuruFocus has detected 5 Warning Signs with DAN. Release Date: April 30, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Dana Inc (NYSE:DAN) is accelerating its cost reduction program, increasing the target from $175 million to $225 million for 2025. The integration of the Power Technologies segment into Light Vehicle and Commercial Vehicle segments is expected to yield $30 million to $35 million in cost savings. Dana Inc (NYSE:DAN) reported a year-over-year improvement in free cash flow by $67 million in Q1 2025. The company won its 10th PACE Award for its hybrid transmission, which is expected to grow sales significantly over the next few years. Dana Inc (NYSE:DAN) is confident in recovering 100% of the tariffs imposed, with processes in place to ensure timely recovery from customers. Dana Inc (NYSE:DAN) faced a $6 million headwind from tariffs in Q1 2025, impacting margins. Sales were $383 million lower than the previous year, driven by reduced demand across all end markets. The company is experiencing a reduction in schedules for North American commercial vehicle customers, posing a potential headwind. Foreign currency translation negatively impacted sales by $53 million, primarily due to the lower value of the euro, real, and rupee compared to the US dollar. Dana Inc (NYSE:DAN) is cautious about potential risks in the light vehicle market in the second half of the year, which could affect future guidance. Q: Can you provide an update on the guidance for Dana's new business versus the off-highway segment, considering the various factors like tariffs and cost savings? A: Timothy Kraus, CFO, stated that the Commercial Vehicle segment is expected to be lower than previously anticipated, but this is offset by improvements in Light Vehicle and off-highway segments, as well as tariff offsets. Bruce McDonald, CEO, added that the incremental cost reduction target is small relative to corporate sales, and the path to achieving the 2026 margin targets for the new Dana is on track. Q: What is the exposure to tariffs, and how long do you expect the recovery process to take? A: Timothy Kraus, CFO, explained that while he couldn't disclose the overall exposure, the recovery process is expected to take less than a quarter. Most large customers have set up processes to handle tariff recoveries, and Dana has already started providing the necessary documentation to facilitate this. Q: How confident are you in achieving the $225 million cost savings target for 2025, and what are the main sources of these savings? A: Timothy Kraus, CFO, expressed strong confidence in achieving the $225 million target, noting that 70% of the savings are from headcount and engineering reductions. The company has already actioned over 70% of the planned headcount reductions, with further actions planned throughout the year. Q: With the integration of Power Technologies into other segments, does this mean the business is no longer for sale? A: Bruce McDonald, CEO, confirmed that Power Technologies is not for sale and emphasized that the integration is aimed at running the business more efficiently. The consolidation is expected to yield $30 million to $35 million in savings, with further operational improvements anticipated. Q: How does Dana plan to address the potential impact of tariffs on its operations and supply chain? A: Bruce McDonald, CEO, mentioned that while the rules around tariffs have been volatile, Dana is having discussions about potential mitigation strategies, such as reshoring and changing suppliers. However, some issues, like castings from India, cannot be addressed in the short term. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
CBC
28-03-2025
- Politics
- CBC
How federal riding changes in the greater Edmonton area could affect voters
2021 results transposed onto new ridings show Conservatives would have won Edmonton Centre Image | Federal electoral boundaries Alberta Caption: This map excerpt shows the 2021 federal electoral division boundaries in Alberta in black, and the new boundaries in turquoise. An independent commission determined the changes. (Federal Electoral Distribution 2022 website) Open Image in New Tab Most federal riding boundaries haven't radically changed in recent years, but thanks to electoral district redistribution that began in 2021 and was finalized in 2023, thousands of Edmontonians will be voting in ridings with different names during this federal election. Here's a primer on what's changing and what past election results can and cannot tell us about voters in the reconfigured ridings. Why did ridings change? Every 10 years, independent commissions review boundaries in each province and may determine new ones so population shifts can be better reflected in the House of Commons. Each commission has a judge, plus two other members appointed by the Speaker of the House of Commons. Alberta's commission included Justice Bruce McDonald, Donald Barry, a professor emeritus of political science at the University of Calgary, and Donna Wilson, an expert practitioner of electoral administration. The commission tries to make sure ridings contain equal numbers of people, but it also considers other social and geographic factors, like historical patterns and shared history. What's changing in and around Edmonton? The new electoral map has five new seats, three of which are in Alberta. Edmonton's nine electoral districts are now all within city limits. The Edmonton Northwest riding includes part of what used to lie in the St. Albert-Edmonton riding. Watch | How the boundaries have changed in Edmonton: Media Video | How Edmonton's federal riding boundaries have changed Caption: Canada's electoral districts were redistributed in 2023, with Alberta picking up three new ridings. Some Edmonton-area ridings have been redrawn, with the biggest changes occurring in northwest and south Edmonton. Open Full Embed in New Tab Loading external pages may require significantly more data usage than loading CBC Lite story pages. Edmonton Mill Woods has been replaced by a reconfigured Edmonton Southeast riding, with a third south Edmonton riding, Edmonton Gateway, now positioned between Edmonton Riverbend and Edmonton Southeast. Huge population growth in south Edmonton drove the commission to break up the Edmonton-Wetaskiwin riding — the most populous riding in the country. The commission wrote in their final report that the three southernmost electoral districts in Edmonton should "help shoulder the future growth" taking place in this area. Image | Billy Morin Caption: Billy Morin is running for the Conservatives in the Edmonton Northwest riding. Voters in northwest Edmonton used to be included in a riding that contained St. Albert. (Craig Ryan/CBC) Open Image in New Tab The commission proposed moving Fort Saskatchewan to the Lakeland riding and pairing Sherwood Park with Beaumont, but listened to pushback from communities and reinstated the Sherwood Park-Fort Saskatchewan riding, even though it has a larger-than-average population. How will new ridings affect results? Some analysts say the new boundaries benefit Conservatives the most. "Three extra ridings in Alberta — all three of those are probably new seats for the Conservatives," podcaster and polling expert Éric Grenier of told CBC News in 2023. In 2021, Albertans elected Conservatives in 30 of 34 ridings. Embed | 2021 federal election results in Edmonton ridings Open Full Embed in New Tab Loading external pages may require significantly more data usage than loading CBC Lite story pages. Elections Canada's transposition of the 2021 results onto the new ridings shows Conservatives would have won almost every Edmonton riding, losing only Edmonton Griesbach and Edmonton Strathcona to the NDP. But Chaldeans Mensah, a political science professor at MacEwan University, said new boundaries are only part of the equation. He said he thinks Donald Trump and population growth could influence the Edmonton-area results in this election. "People have moved here with different voting backgrounds — I think that is the unknown factor in many of these ridings," he said. He said Edmontonians voting in different ridings this time around have some work to do over the next few weeks. "Find out exactly where you stand in terms of who is going to be representing you," he said. How can I find my riding? Visit and enter your postal code to find your riding and the candidates running there. Some ridings don't have confirmed candidates from all of the parties yet. The nomination process closes on April 7 and a complete list of candidates will be available on April 9.
