Latest news with #DavidBarry
RTÉ News
21-05-2025
- Business
- RTÉ News
David Nucifora hits out at 'nonsense' IRFU decision on Sevens programme
Former IRFU high performance director David Nucifora has hit out at the union's decision to axe the men's Sevens programme, calling it "short sighted nonsense". Australian Nucifora, who was at the IRFU between 2014 and last summer, and is now working with the British and Irish Lions and Scottish Rugby Union, was the driver of the Sevens programme while in Ireland. In 2024 both the men's and women's squad qualified for the Olympics. Last week the union cited financial challenges as a reason to discontinue the men's programme, highlighting the fact that the province's academies serve as player pathways, while the women's game does not have the same feeder lines. "The financial situation we face is challenging, and it's crucial that we take decisive action to secure the long-term success of Irish rugby," said high performance director David Humphreys. Nucifora made his comments under a Facebook post by David Barry, who was a main financial backer of the Sevens programme. Barry, who owns MLR side New England Freejacks, says he was not consulted before the decision, which has come under severe criticism from many high-profile former players, was made. Barry wrote on Facebook: "To find out this week that a decision (following an apparent in-depth consultation) was taken to axe the men's 7s programme without even the courtesy of a phone call to me is super disappointing. "I feel I would have been able to provide the committee and decision makers with some valuable perspectives and ideas. "It's hard to accept that this decision was taken solely on financial grounds as I cannot see any tangible effort expended during the so called consultation period to solve the purported funding challenge. A sad demise to a wonderful programme!". Replying under the post, Nucifora (above) wrote: "Firstly a huge thanks to you David Barry who had the vision and the generosity to back our plan. "Without you it wouldn't have happened. "To now see this short sighted nonsense decision is gut-wrenching. Your vision helped create Irish Olympians and change peoples' lives," he wrote. "The lack of vision and leadership being shown is also a major concern for Irish rugby. "World Rugby and some unions do not deserve the right to own the game of 7s. "The sooner someone takes it from them the sooner it will meet its potential." The IRFU has told the players their contracts would not be renewed at the end of the season but they would be paid until the end of this year. Speaking on RTÉ's Against the Head, former Ireland captain Donal Lenihan said: "It's my understanding is that none of the players were consulted about this. "The manner of which it was handled has been really poor."
Yahoo
20-05-2025
- Business
- Yahoo
FBIN Q1 Earnings Call: Tariff Pressures and Demand Uncertainty Weigh on Results
Home and security products company Fortune Brands (NYSE:FBIN) fell short of the market's revenue expectations in Q1 CY2025, with sales falling 6.9% year on year to $1.03 billion. Its non-GAAP profit of $0.66 per share was in line with analysts' consensus estimates. Is now the time to buy FBIN? Find out in our full research report (it's free). Revenue: $1.03 billion vs analyst estimates of $1.06 billion (6.9% year-on-year decline, 2.8% miss) Adjusted EPS: $0.66 vs analyst estimates of $0.66 (in line) Adjusted EBITDA: $179.6 million vs analyst estimates of $180.9 million (17.4% margin, 0.7% miss) Operating Margin: 9.4%, down from 14% in the same quarter last year Free Cash Flow was -$112.6 million compared to -$135.9 million in the same quarter last year Organic Revenue fell 6.8% year on year (-1.9% in the same quarter last year) Market Capitalization: $6.69 billion Fortune Brands' first quarter results were shaped by persistent demand softness and significant external pressures, particularly from new U.S. tariffs impacting its home and security product lines. Management highlighted that consumer uncertainty and inventory reductions, especially in the water segment, led to lower sales, while margin performance was supported by ongoing cost control and pricing actions. CEO Nicholas Fink noted, 'Our teams remain focused on our key priorities amidst a volatile environment and delivered margin results in line with our expectations while continuing to invest in a narrow set of long-term strategic initiatives.' For the outlook, Fortune Brands refrained from issuing detailed annual guidance, instead providing a framework reflecting various volume scenarios due to unpredictable consumer behavior. Management emphasized their confidence in mitigating the expected $200 million tariff impact this year and outlined a multi-pronged strategy leveraging supply chain shifts, cost-out activities, and pricing. CFO David Barry explained that while tariff mitigation is underway, the biggest unknown remains the pace of consumer demand recovery, and the company's guidance now incorporates both low and high single-digit volume decline scenarios. Management cited external headwinds and internal strategic actions as key factors shaping first quarter performance. The company's approach to tariffs, supply chain flexibility, and ongoing investment in digital products were central themes throughout the call. Tariff Mitigation Actions: Management outlined a strategy to offset $200 million in 2025 tariff costs, focusing on shifting supply chains out of China, executing cost reductions, and targeted price increases. About 60% of cost of goods sold now originates in the U.S., and management expects China exposure to be reduced to roughly 10% by year-end. Digital Business Momentum: The digital portfolio, including the Flo leak detection device and Yale smart locks, showed robust growth. The company added three new insurance partnerships for Flo, and sales of the device rose 180% year-over-year. Over 200,000 digital device activations occurred in Q1, and management reiterated confidence in reaching $300 million in digital sales for 2025. Headquarters Consolidation: The consolidation of U.S. office associates into a new headquarters in Deerfield, Illinois, is progressing ahead of plan, enabling greater operational efficiency and cost control. Management cited improved talent retention and recruitment as a result of this move. Brand and Product Refreshes: New marketing campaigns for Master Lock and SentrySafe, the rollout of Larson Perfect aisle, and updated Moen product lines were highlighted as initiatives supporting sales and brand strength. These product launches are expected to drive growth in later quarters. Competitive Supply Chain Position: Fortune Brands' North American manufacturing footprint was emphasized as a differentiator, particularly as competitors in security and outdoors rely more heavily on Chinese imports, which are now subject to higher tariffs. Management expects this advantage to help capture market share as the year progresses. Management's outlook for the remainder of the year centers on mitigating tariff impacts, executing cost controls, and capitalizing on competitive supply chain advantages, while consumer demand remains the largest source of uncertainty. Supply Chain Flexibility: The company's ongoing shift to a more North American–centric supply chain is expected to reduce exposure to tariffs and provide stability, particularly in the event of continued geopolitical disruptions. Strategic Pricing and Cost Control: Management intends to offset tariff-related costs with mid-single-digit price increases and continued cost-out initiatives, aiming to defend operating margins even if volumes decline. Digital and Product Innovation: Continued growth in digital products, including new insurance partnerships and subscription models, is expected to provide incremental sales and diversify revenue streams, helping to buffer against cyclical demand in core categories. Phil Ng (Jefferies): Asked how headquarters consolidation and management changes would improve agility. Management explained that the move gives them more control over hiring pace and flexibility to adjust costs as market conditions evolve. John Lovallo (UBS): Inquired about confidence in achieving digital sales targets and balancing digital initiatives with core business performance. Management expressed strong confidence in digital momentum and highlighted upcoming core business innovations. Trevor Allinson (Wolfe Research): Sought clarification on China supply chain exposure and whether the strategy would change if tariffs were reduced. Management stated the supply chain would remain flexible, with a continued emphasis on North American production. Susan McClary (Goldman Sachs): Asked about leveraging U.S. manufacturing to gain market share amid disruptions. Management identified opportunities in the outdoors and security segments, where competitors are more exposed to tariffs. Michael Rehaut (JPMorgan): Questioned the assumptions behind the pricing and volume guidance framework. Management detailed the interplay between price increases, cost mitigation, and expectations for volume declines across scenarios. Looking ahead, the StockStory team will monitor (1) the pace and success of tariff mitigation actions and supply chain adjustments, (2) the continued momentum in digital product sales and new partnerships, and (3) signs of demand stabilization or recovery in core segments like water and outdoors. Execution on headquarters consolidation and the impact of new product launches will also be important indicators of Fortune Brands' ability to navigate ongoing market uncertainty. Fortune Brands currently trades at a forward P/E ratio of 13×. In the wake of earnings, is it a buy or sell? See for yourself in our free research report. The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 176% over the last five years. Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+354% five-year return). Find your next big winner with StockStory today. 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Business Wire
08-05-2025
- Business
- Business Wire
Pursuit Reports 2025 First Quarter Results
DENVER--(BUSINESS WIRE)--Pursuit Attractions and Hospitality, Inc. ('Pursuit') (NYSE: PRSU) today reported results for the 2025 first quarter and reaffirmed guidance for the 2025 full year. David Barry, Pursuit's President and Chief Executive Officer, commented, 'We delivered solid performance during the seasonally slower first quarter, achieving approximately 9% increases year-over-year in both our attraction effective ticket price and lodging RevPAR metrics on a same-store constant-currency basis. Our advance booking pace remains strong, and we continue to expect to deliver double-digit growth in full year revenue and adjusted EBITDA." Barry continued, "Across Pursuit, our team is preparing to welcome guests and deliver exceptional guest experiences during a strong peak summer season. We are excited for our first season operating the Jasper SkyTram and the two tuck-in acquisitions in Montana that we completed in late 2024. We remain focused on delivering high-quality guest experiences at our one-of-a-kind attractions and hospitality properties and driving meaningful growth through our proven Refresh, Build, Buy strategy and strong balance sheet." Financial Highlights* In addition to the commentary below, further information regarding our financial results, trends, and outlook are available in a supplemental earnings presentation, which can be accessed on the " Investors" section of our website, and in the financial tables accompanying this press release. First Quarter Results Pursuit revenue of $37.6 million increased $0.3 million (0.9%) from the 2024 first quarter primarily due to growth in ticket revenue at our year-round attractions, including the opening of Flyover Chicago on March 1, 2024 and higher effective ticket prices, largely offset by a $1.3 million reduction in revenue due to the translation of foreign revenues to U.S. dollars at lower exchange rates year-over-year. Net loss attributable to Pursuit was $31.1 million as compared to $25.1 million in the prior year. The year-over-year change was primarily driven by the discontinued operations treatment of GES results in 2024. Our loss from continuing operations attributable to Pursuit was $31.0 million as compared to $29.6 million in the prior year. Our Adjusted net loss* was $26.9 million as compared to $25.4 million in the prior year. This adjusted net loss excludes income (loss) from discontinued operations and other non-recurring expenses as detailed in the non-GAAP reconciliation tables that accompany this press release. The year-over-year change primarily reflects lower adjusted EBITDA, partially offset by lower interest expense. Adjusted EBITDA* of negative $17.5 million declined by $2.9 million year-over-year primarily due to inflationary cost increases to support year-round operations as well as seasonal operating losses from new businesses. * Refer to Table Two of this press release for a discussion and reconciliation of this non-GAAP financial measure to its most directly comparable GAAP financial measure. Expand Balance Sheet and Liquidity Highlights Our total liquidity was $212.1 million at March 31, 2025, comprising cash and cash equivalents of $22.8 million and $189.3 million of capacity available on our $200 million revolving credit facility. Debt was $78.9 million, and our net leverage ratio was less than 1x at the end of the first quarter. Refresh, Build, Buy Growth Investments The three tuck-in acquisitions that we completed during the 2024 fourth quarter, the Jasper SkyTram, Eddie's Cafe & Mercantile and Apgar Lookout Retreat, and Montana House, are successfully being integrated into Pursuit and are ready for the upcoming peak summer season. The Jasper SkyTram seasonally opened as planned in March. In 2025, we continue to expect to invest approximately $38 million to $43 million in growth capital expenditures, including the Refresh of the Forest Park Hotel's Woodland Wing. The transformation and repositioning of this property in Jasper National Park will dramatically improve the guest experience and create a compelling upscale offering. The project is occurring in three phases to continue certain operations during construction, and we anticipate completion in 2026. 2025 Outlook For full year 2025, we continue to expect Adjusted EBITDA* of approximately $98 million to $108 million, representing substantial growth of approximately $21 million to $31 million relative to 2024. Our reaffirmed guidance is below. Our guidance is based on certain assumptions, including (1) recovery of Jasper leisure travel, (2) approximately $5 million to $7 million of Adjusted EBITDA from the three tuck-in acquisitions completed during the fourth quarter 2024, (3) strong organic growth from continued guest experience improvements, demand for authentic experiential travel in iconic places, and focus on revenue and cost management, and (4) no change to our prior exchange rate assumption of $0.69 between the Canadian Dollar and the U.S. Dollar for our operations in Canada, which presents a translation headwind of approximately $7 million to Adjusted EBITDA compared to 2024 exchange rates. There continues to be uncertainty around the economic and geopolitical outlook, and the impact that may have on travel and consumer behavior as we head into our primary operating season. *We have not quantitatively reconciled our guidance for Adjusted EBITDA to our most comparable GAAP financial measure because certain reconciling items that impact this metric, including provision for income taxes, interest expense, restructuring or impairment charges, transaction-related costs, and start-up costs have not occurred, are out of our control, or cannot be reasonably predicted. Accordingly, reconciliations to the nearest GAAP financial measure are not available without unreasonable effort. Please note that the unavailable reconciling items could significantly impact our results as reported under GAAP. Conference Call Details Management will host a conference call to review first quarter 2025 results on Thursday, May 8, 2025, at 5 p.m. (Eastern Time). A live audio webcast of the call will be available in listen-only mode through the " Events & Presentations" section of our website, where we will also post our earnings press release and an earnings presentation prior to the call. The live call can also be accessed by dialing (404) 975-4839 or (833) 470-1428 and entering the access code 015320. To avoid wait time and bypass speaking with an operator to join the call, participants can pre-register using the following registration link: After registering, a calendar invitation will be sent that includes dial-in information as well as unique codes for entry into the live call. We recommend that you register in advance to ensure access for the full call. A replay of the call will be available on our website shortly after the conference call and, for a limited time, by dialing (929) 458-6194 or (866) 813-9403 and entering the access code 639824. Additionally, we posted a supplemental earnings presentation, containing our financial results, trends and outlook, on the " Investors" section of our website prior to the conference call. We will refer to this presentation during the call. About Pursuit Pursuit Attractions and Hospitality, Inc. (NYSE: PRSU) is an attractions and hospitality company that owns and operates a collection of inspiring and unforgettable experiences in iconic destinations in the United States, Canada, and Iceland. Pursuit's elevated hospitality experiences include 15 world-class point-of-interest attractions and 28 distinctive lodges, along with integrated restaurants, retail and transportation that enable visitors to discover and connect with stunning national parks and renowned global travel locations. For more information, visit Forward-Looking Statements This press release contains a number of forward-looking statements. Words, and variations of words, such as 'will,' 'can,' 'may,' 'expect,' 'would,' 'could,' 'might,' 'intend,' 'plan,' 'believe,' 'estimate,' 'anticipate,' 'deliver,' 'seek,' 'aim,' 'potential,' 'target,' 'outlook,' and similar expressions are intended to identify our forward-looking statements. Such forward-looking statements include those that address activities, events or developments that Pursuit or its management believes or anticipates may occur in the future, including all statements regarding our expectations concerning the travel industry and the markets in which we operate; our expectations concerning our future financial performance, including our 2025 outlook and the related underlying assumptions; our growth plans and strategies, including with respect to investments and acquisitions; and other statements that are not historical fact. These forward-looking statements are subject to a host of risks and uncertainties, many of which are beyond our control, which could cause actual results to differ materially from those in the forward-looking statements. Important factors that could cause actual results to differ materially from those described in our forward-looking statements include, but are not limited to, the following: general economic and geopolitical uncertainty in key global markets and a worsening of global economic conditions; seasonality of our businesses; the competitive nature of the industries in which we operate; travel industry disruptions; changes in consumer tastes and preferences for recreational activities; natural disasters, weather conditions, accidents, and other catastrophic events; accidents and adverse incidents at our hotels and attractions; sufficiency and cost of insurance coverage; the impact of financial covenants on our operational and financial flexibility; risks of new capital projects not being commercially successful; our ability to fund capital expenditures; our ability to successfully integrate and achieve established financial and strategic goals from acquisitions; failure to adapt to technological developments or industry trends our inability to realize the full strategic, financial or operational benefits from the sale of the GES Business; conducting business globally; our exposure to currency exchange rate fluctuations; liabilities relating to prior and discontinued operations; the importance of key members to our business; labor shortages; our exposure to higher labor costs and work stoppages due to union-represented labor; our exposure to cybersecurity attacks and threats; compliance with laws governing the storage, collection, handling, and transfer of personal data and our exposure to legal claims and fines for data breaches or improper handling of such data; our exposure to litigation in the ordinary course of business; changes in federal, state, local or foreign tax laws; extensive environmental requirements; volatility in our stock price; and stock price and trading volumes affected by reports issued by securities industry analysts. For a more complete discussion of the risks and uncertainties that may affect our business or financial results, please see Item 1A, 'Risk Factors,' of our most recent annual report on Form 10-K and our most recent Current Report on Form 10-Q filed with the Securities and Exchange Commission ('SEC'), as well as any future reports we file with the SEC. We disclaim and do not undertake any obligation to update or revise any forward-looking statement in this press release except as required by applicable law or regulation. Availability of Information on Pursuit Website Pursuit routinely uses its investor relations website ( to post presentations to investors and other important information, including information that may be material. Accordingly, Pursuit encourages investors and others interested in Pursuit to review the information it makes public on its investor relations website. PURSUIT ATTRACTIONS AND HOSPITALITY, INC. ("PURSUIT") (A) Operating expenses (exclusive of depreciation and amortization) - The decrease in operating expenses is primarily due to the periodic remeasurement of the Sky Lagoon finance lease obligation, which resulted in an unrealized foreign exchange gain of $2.2 million in the first quarter of 2025 versus an unrealized loss of $1.0 million in the first quarter of 2024. This was partially offset by inflationary cost increases to support year-round operations as well as seasonal operating losses from new businesses. (B) Selling, general, and administrative expenses - The increase in selling, general and administrative expenses is primarily due to higher transaction-related costs totaling $4.9 million in the 2025 first quarter (primarily related to our transition to a standalone publicly-traded operating company following the GES divestiture) as compared to $0.9 million in the first quarter of 2024. (C) Income tax benefit - The effective tax rate was 5.6% for the three months ended March 31, 2025 and 5.1% for the three months ended March 31, 2024. The effective rates differed from the 21% federal rate as we do not recognize a tax benefit primarily on losses in the United States where we have a valuation allowance, while recognizing tax expense and benefit in Canada and Iceland. (D) Income (loss) from discontinued operations - On December 31, 2024, we completed the sale of the GES business. Accordingly, the operating results of the GES business are included within discontinued operations for the 2024 first quarter. (E) Income (loss) per common share - Diluted income (loss) per common share is calculated using the more dilutive of the two-class method or if-converted method. The two-class method uses net income (loss) available to common stockholders and assumes conversion of all potential shares other than participating securities. The if-converted method uses net income (loss) available to common shareholders and assumes conversion of all potential shares including participating securities. Dilutive potential common shares include outstanding stock options, unvested restricted share units, and, for 2024 only, convertible preferred stock. Additionally, the adjustment to the carrying value of redeemable non-controlling interests is reflected in income (loss) per common share for 2024. Three months ended March 31, Net loss attributable to Pursuit $ (31,136 ) $ (25,117 ) $ (6,019 ) (24.0%) Convertible preferred stock dividends - (1,950 ) 1,950 (100.0%) Undistributed income attributable to Pursuit (31,136 ) (27,067 ) (4,069 ) (15.0%) Less: Allocation to participating securities - - - ** Net loss allocated to Pursuit common shareholders (basic) $ (31,136 ) $ (27,067 ) $ (4,069 ) (15.0%) Add: Allocation to participating securities - - - ** Net loss allocated to Pursuit common shareholders (diluted) $ (31,136 ) $ (27,067 ) $ (4,069 ) (15.0%) Basic weighted-average outstanding common shares 28,113 21,029 7,084 33.7% Additional dilutive shares related to share-based compensation - - - ** Diluted weighted-average outstanding common shares 28,113 21,029 7,084 33.7% ** Change is greater than +/- 100 percent Expand PURSUIT ATTRACTIONS AND HOSPITALITY, INC. ("PURSUIT") This document includes the presentation of "Adjusted Net Income (Loss)", 'Adjusted EPS', "Adjusted EBITDA", and 'Adjusted EBITDA Margin', which are supplemental to results presented under accounting principles generally accepted in the United States of America ('GAAP') and may not be comparable to similarly titled measures presented by other companies. These non-GAAP measures are utilized by management to facilitate period-to-period comparisons and analysis of Pursuit's operating performance and should be considered in addition to, but not as substitutes for, other similar measures reported in accordance with GAAP. The use of these non-GAAP financial measures is limited, compared to the most comparable GAAP measures, because they do not consider a variety of items affecting Pursuit's consolidated financial performance as reconciled below. Because these non-GAAP measures do not consider all items affecting Pursuit's consolidated financial performance, a user of Pursuit's financial information should consider net income attributable to Pursuit as an important measure of financial performance because it provides a more complete measure of the Company's performance. Adjusted Net Income (Loss), Adjusted EPS, Adjusted EBITDA, and Adjusted EBITDA Margin are considered useful operating metrics, in addition to net income attributable to Pursuit, as potential variations arising from non-operational expenses/income are eliminated, thus resulting in additional measures considered to be indicative of Pursuit's performance. Management believes that the presentation of Adjusted Net Income (Loss), Adjusted EPS, Adjusted EBITDA, and Adjusted EBITDA Margin provide useful information to investors regarding Pursuit's results of operations for trending, analyzing and benchmarking the performance and value of Pursuit's business. Additionally, we calculate the impact of foreign exchange rate variances by converting non-United States Dollar results using comparative period exchange rates and determining the change from prior period reported results. Three months ended March 31, (in thousands, except per share data) 2025 2024 $ Change % Change Adjusted net loss: Net loss attributable to Pursuit $ (31,136 ) $ (25,117 ) $ (6,019 ) (24.0%) (Income) loss from discontinued operations attributable to Pursuit 131 (4,475 ) 4,606 ** Loss from continuing operations attributable to Pursuit (31,005 ) (29,592 ) (1,413 ) (4.8%) Restructuring charges, pre-tax 38 - 38 ** Transaction-related costs and other non-recurring expenses, pre-tax (Note A) 5,002 3,769 1,233 32.7% Remeasurement of finance lease obligation attributable to Pursuit, pre-tax (Note B) (2,181 ) 1,004 (3,185 ) ** Tax expense (benefit) on above items 194 (108 ) 301 ** Portion of above amounts attributable to non-controlling interests 1,069 (492 ) 1,561 ** Adjusted net loss $ (26,884 ) $ (25,418 ) $ (1,465 ) (5.8%) Adjusted EPS: Adjusted net loss (as reconciled above) $ (26,884 ) $ (25,418 ) $ (1,465 ) (5.8%) Convertible preferred stock dividends - (1,950 ) 1,950 (100.0%) Diluted adjusted net loss allocated to Pursuit common shareholders $ (26,884 ) $ (27,368 ) $ 485 1.8% Diluted weighted-average outstanding common shares 28,113 21,029 7,084 33.7% Adjusted EPS $ (0.96 ) $ (1.30 ) $ 0.34 26.2% ** Change is greater than +/- 100 percent Expand (A) Transaction-related costs and other non-recurring expenses include: (in thousands) 2025 2024 Transaction-related costs 1 $ 4,910 $ 862 Start-up costs 2 - 1,940 SG&A costs previously allocated to GES 3 - 892 Other non-recurring expenses 4 92 75 Transaction-related and other non-recurring expenses, pre-tax $ 5,002 $ 3,769 1 Transaction-related costs represent expenses related to acquisition, divestiture, and other corporate development activities, including costs for integration, separation (sale of GES), diligence, feasibility, legal, and other costs. 2 Start-up costs include expenses primarily related to the development of our new Flyover attraction in Chicago and trailing expenses related to the Flyover Toronto lease exit. 3 Represents net expenses previously allocated to/from GES that do not qualify for discontinued operations treatment. 4 Includes certain non-recoverable Jasper wildfire-related costs in 2025 and non-capitalizable fees and expenses related to our shelf registration in 2024. (B) Remeasurement of finance lease obligation attributable to Pursuit represents the non-cash foreign exchange loss/(gain) included within operating expenses related to the periodic remeasurement of the Sky Lagoon finance lease obligation that is attributed to Pursuit's 51% interest in Sky Lagoon. Expand 2024 ($ in thousands) Q1 Q2 Q3 Q4 FY Revenue $ 37,231 $ 101,201 $ 182,257 $ 45,799 $ 366,488 Net income (loss) attributable to Pursuit $ (25,117 ) $ 29,311 $ 48,615 $ 315,735 $ 368,544 Net income (loss) attributable to noncontrolling interest (923 ) 1,807 7,178 (1,505 ) 6,557 Net income (loss) attributable to redeemable noncontrolling interest (203 ) (240 ) 71 (886 ) (1,258 ) Income from discontinued operations (4,475 ) (31,286 ) (9,051 ) (380,791 ) (425,603 ) Net interest expense 2,922 3,937 3,461 3,862 14,182 Income tax expense (benefit) (1,654 ) 2,772 10,507 (5,300 ) 6,325 Depreciation and amortization 9,763 11,182 11,277 10,738 42,960 Restructuring charges - 1 - 3,156 3,157 Impairment charges - - 6,110 41,462 47,572 Other expense, net 310 308 255 43 916 Start-up costs (A) 1,940 20 207 99 2,266 Transaction-related costs (B) 862 1,599 4,382 (3,968 ) 2,875 Integration costs - - 2 (2 ) - SG&A costs previously allocated to GES (C) 892 622 1,013 1,049 3,576 Other non-recurring expenses (D) 75 63 17 3,966 4,121 Remeasurement of finance lease obligation (E) 1,004 (182 ) (1,113 ) 1,167 876 Adjusted EBITDA $ (14,604 ) $ 19,914 $ 82,931 $ (11,175 ) $ 77,066 Adjusted EBITDA Margin (39.2 %) 19.7 % 45.5 % (24.4 %) 21.0 % ** Change is greater than +/- 100 percent (A) Start-up costs include expenses primarily related to the development of our new Flyover attraction in Chicago and trailing expenses related to the Flyover Toronto lease exit. (B) Transaction-related costs represent expenses related to acquisition, divestiture, and other corporate development activities, including costs for integration, separation (sale of GES), diligence, feasibility, legal, and other costs. (C) Represents net expenses previously allocated to/from GES that do not qualify for discontinued operations treatment. (D) Includes a charitable pledge to support Jasper's recovery in Q4'24 and certain non-recoverable wildfire-related costs and non-capitalizable fees and expenses related to our shelf registration in 2024. (E) Remeasurement of finance lease obligation represents the non-cash foreign exchange loss/(gain) included within operating expenses related to the periodic remeasurement of the Sky Lagoon finance lease obligation. Expand
Associated Press
14-04-2025
- Business
- Associated Press
Uniserve Partners with Logistics Reply to Deliver Transformation to Customers Supply Chains
TURIN, Italy--(BUSINESS WIRE)--Apr 14, 2025-- Logistics Reply, a company of the Reply Group specialised in digital solutions for the supply chain, has successfully partnered with Uniserve — the UK's leading independent provider of logistics and global trade management — to implement a cutting-edge warehouse management system (WMS) to meet the growing demand for scalability, efficiency, and real-time visibility across supply chain operations. This press release features multimedia. View the full release here: With Logistics Reply's partnership Uniserve faces successfully the challenges of a growing need for scalability and efficiency. As the leader in logistics innovation for over 40 years, Uniserve worked with Logistics Reply to implement LEA Reply™, a cloud-native, microservices-based platform developed by Logistics Reply. LEA Reply™ was selected for its scalability and seamless integration with Uniserve's existing infrastructure. The smooth implementation process and ongoing support have significantly enhanced operations, providing real-time inventory visibility across all sites and improving accuracy rates. Since adopting LEA Reply™, Uniserve has increased operational efficiency and laid the foundation for future growth by implementing a scalable platform designed to support business expansion, with plans to integrate advanced technologies—such as AI, inventory drones, yard management, and dock scheduling—in the future. 'We've not only improved operations but set the stage for future growth,' said David Barry, Director of Warehouse and Transport at Uniserve. 'With LEA Reply™, we can scale operations while maintaining efficiency and accuracy.' Simon George, Group IT Director at Uniserve, emphasised the importance of the partnership: 'What's great about Logistics Reply is that they're not just a software vendor; they're a true strategic partner. We're excited to roll out more of their solutions, and we know they'll be there to support us every step of the way.' This collaboration exemplifies how innovative solutions can optimise logistics, setting new standards for the industry. View source version on CONTACT: Press contact:Reply Fabio Zappelli [email protected] Tel. +390117711594Irene Caia [email protected] Tel. +39 02 535761 KEYWORD: GERMANY EUROPE UNITED KINGDOM ITALY INDUSTRY KEYWORD: TECHNOLOGY OTHER PROFESSIONAL SERVICES ROBOTICS OTHER TRANSPORT TRUCKING RAIL MARITIME PROFESSIONAL SERVICES AIR ARTIFICIAL INTELLIGENCE TRANSPORT IOT (INTERNET OF THINGS) DATA MANAGEMENT LOGISTICS/SUPPLY CHAIN MANAGEMENT SOURCE: Reply Copyright Business Wire 2025. PUB: 04/14/2025 04:03 AM/DISC: 04/14/2025 04:03 AM
Yahoo
14-04-2025
- Business
- Yahoo
Uniserve Partners with Logistics Reply to Deliver Transformation to Customers Supply Chains
TURIN, Italy, April 14, 2025--(BUSINESS WIRE)--Logistics Reply, a company of the Reply Group specialised in digital solutions for the supply chain, has successfully partnered with Uniserve — the UK's leading independent provider of logistics and global trade management — to implement a cutting-edge warehouse management system (WMS) to meet the growing demand for scalability, efficiency, and real-time visibility across supply chain operations. As the leader in logistics innovation for over 40 years, Uniserve worked with Logistics Reply to implement LEA Reply™, a cloud-native, microservices-based platform developed by Logistics Reply™ was selected for its scalability and seamless integration with Uniserve's existing infrastructure. The smooth implementation process and ongoing support have significantly enhanced operations, providing real-time inventory visibility across all sites and improving accuracy rates. Since adopting LEA Reply™, Uniserve has increased operational efficiency and laid the foundation for future growth by implementing a scalable platform designed to support business expansion, with plans to integrate advanced technologies—such as AI, inventory drones, yard management, and dock scheduling—in the future. "We've not only improved operations but set the stage for future growth," said David Barry, Director of Warehouse and Transport at Uniserve. "With LEA Reply™, we can scale operations while maintaining efficiency and accuracy." Simon George, Group IT Director at Uniserve, emphasised the importance of the partnership: "What's great about Logistics Reply is that they're not just a software vendor; they're a true strategic partner. We're excited to roll out more of their solutions, and we know they'll be there to support us every step of the way." This collaboration exemplifies how innovative solutions can optimise logistics, setting new standards for the industry. ReplyReply [EXM, STAR: REY, ISIN: IT0005282865] specialises in the design and implementation of solutions based on new communication channels and digital media. As a network of highly specialised companies, Reply supports major European industrial groups in the telecom and media; industry and services; banking and insurance and public sectors in defining and developing business models enabled by the new paradigms of AI, cloud computing, digital media and the internet of things. Reply's services include: consulting, system integration and digital services. Logistics ReplyLogistics Reply, a Reply Group company, delivers transformative warehouse, store, and supply chain solutions that empower businesses to build efficient, seamlessly connected digital supply chains. By integrating the latest technologies—including artificial intelligence, robotics, wearables, and IoT—Logistics Reply enables seamless interaction between systems, partners, people, and machines. With nearly 30 years of expertise in supply chain technologies and processes, Logistics Reply guides its customers through digital transformation, ensuring rapid time-to-value and lasting operational excellence. UniserveUniserve is the UK's leading independent logistics and global trade management provider. Founded in 1984, Uniserve has established itself as a pioneer in the logistics industry and employs over 1,500 employees in the UK and Internationally. The business covers every aspect of the supply chain management ecosystem. Seamlessly, combining ocean freight, air freight, road and rail freight services with intelligent warehousing, distribution and supply chain solutions. Where Uniserve sets itself apart is their continuing investment into connected ancillary supply chain services such as customs clearance, consultancy, environmental compliance, finance, bespoke IT systems and education. Uniserve is synonymous with quality, reliability and innovation and a trusted partner to many of the world's leading businesses. View source version on Contacts Press contact: Reply Fabio Tel. +390117711594 Irene Tel. +39 02 535761 Sign in to access your portfolio
