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Associated Press
04-08-2025
- Business
- Associated Press
Hyperscale Data Announces Preliminary Cash and Restricted Cash Position of $27 Million and Total Assets of $214 Million as of June 30, 2025
Over $20 Million of Debt Reduced in 2025 LAS VEGAS, Aug. 4, 2025 /PRNewswire/ -- Hyperscale Data, Inc. (NYSE American: GPUS), a diversified holding company ('Hyperscale Data,' or the 'Company'), today announced preliminary financial results for the quarter ended June 30, 2025, highlighting a cash position per share that exceeds the Company's current market capitalization. Preliminary Financial Highlights as of June 30, 2025: 'Our second-quarter results reflect continued execution and strong financial discipline. We have reduced debt by over $20 million year-to-date and are actively building a stronger and more focused asset base,' said Milton 'Todd' Ault III, Executive Chairman of Hyperscale Data. 'We are seeking to establish Hyperscale Data as a differentiated platform at the intersection of artificial intelligence ('AI') infrastructure and blockchain-based treasury innovation. We look forward to updating stockholders over the coming months about the expansion of our digital asset acquisition strategies.' The Company expects to begin publishing monthly updates on its digital asset holdings starting in August 2025, with the first report to reflect initial $XRP positions added to the balance sheet. With increased liquidity and a $214 million asset base, Hyperscale Data is well-positioned to capitalize on growth opportunities in both AI infrastructure and blockchain technology. All financial figures are preliminary and unaudited. Final results will be included in the Company's Form 10-Q for the quarter ended June 30, 2025, expected to be filed with the SEC on or before the required deadline. For more information on Hyperscale Data and its subsidiaries, Hyperscale Data recommends that stockholders, investors and any other interested parties read Hyperscale Data's public filings and press releases available under the Investor Relations section at or available at About Hyperscale Data, Inc. Through its wholly owned subsidiary Sentinum, Inc., Hyperscale Data owns and operates a data center at which it mines digital assets and offers colocation and hosting services for the emerging AI ecosystems and other industries. Hyperscale Data's other wholly owned subsidiary, Ault Capital Group, Inc. ('ACG'), is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact. Hyperscale Data currently expects the divestiture of ACG (the 'Divestiture') to occur on or about December 31, 2025, though there can be no assurance that the Divestiture will be completed during 2025. Upon the occurrence of the Divestiture, the Company would be an owner and operator of data centers to support high-performance computing services, as well as a holder of the digital assets. Until the Divestiture occurs, the Company will continue to provide, through ACG and its wholly and majority-owned subsidiaries and strategic investments, mission-critical products that support a diverse range of industries, including an AI software platform, social gaming platform, equipment rental services, defense/aerospace, industrial, automotive, medical/biopharma and hotel operations. In addition, ACG is actively engaged in private credit and structured finance through a licensed lending subsidiary. Hyperscale Data's headquarters are located at 11411 Southern Highlands Parkway, Suite 190, Las Vegas, NV 89141. On December 23, 2024, the Company issued one million (1,000,000) shares of a newly designated Series F Exchangeable Preferred Stock (the 'Series F Preferred Stock') to all common stockholders and holders of the Series C Preferred Stock on an as-converted basis. The Divestiture will occur through the voluntary exchange of the Series F Preferred Stock for shares of Class A Common Stock and Class B Common Stock of ACG (collectively, the 'ACG Shares'). The Company reminds its stockholders that only those holders of the Series F Preferred Stock who agree to surrender such shares, and do not properly withdraw such surrender, in the exchange offer through which the Divestiture will occur, will be entitled to receive the ACG Shares and consequently be stockholders of ACG upon the occurrence of the Divestiture. Forward-Looking Statements This press release contains 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as 'believes,' 'plans,' 'anticipates,' 'projects,' 'estimates,' 'expects,' 'intends,' 'strategy,' 'future,' 'opportunity,' 'may,' 'will,' 'should,' 'could,' 'potential,' or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company's business and financial results are included in the Company's filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company's Forms 10-K, 10-Q and 8-K. All filings are available at and on the Company's website at View original content to download multimedia: SOURCE Hyperscale Data Inc.
Yahoo
02-08-2025
- Business
- Yahoo
Leggett & Platt Inc (LEG) Q2 2025 Earnings Call Highlights: Navigating Challenges with ...
Revenue: $1.1 billion, down 6% versus Q2 2024. Bedding Products Sales: Decreased 11% compared to Q2 2024. Specialized Products Sales: Declined 5% year-over-year. Furniture, Flooring & Textile Products Sales: Down 2% year-over-year. Adjusted EBIT: $76 million, up $4 million versus Q2 2024. Adjusted EPS: $0.30, a 3% increase from Q2 2024 adjusted EPS of $0.29. Operating Cash Flow: $84 million, a decrease of $10 million versus Q2 2024. Total Debt Reduction: $143 million in Q2, bringing total debt to $1.8 billion. Liquidity: $878 million, including $369 million cash on hand. Restructuring Costs: Expected $15 million to $25 million in 2025, down from prior estimate. Full Year 2025 Sales Guidance: $4.0 billion to $4.3 billion, down 2% to 9% versus 2024. Adjusted EBIT Margin Range: Expected between 6.5% and 6.9%. Cash from Operations: Expected $275 million to $325 million for the year. Warning! GuruFocus has detected 5 Warning Signs with LEG. Release Date: August 01, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Leggett & Platt Inc (NYSE:LEG) reported growth in earnings compared to the previous year, indicating improved financial performance. The company successfully executed its restructuring plan, leading to strengthened balance sheet and cash flow generation. Metal margin expansion contributed positively to the company's earnings, supported by the 232 steel tariffs. The company reduced its total debt by $143 million in the second quarter, improving its financial leverage. Leggett & Platt Inc (NYSE:LEG) maintained its full-year 2025 sales and adjusted EPS guidance, reflecting confidence in its financial outlook. Negative Points Second quarter sales were down 6% compared to the same period last year, driven by soft demand in residential end markets and restructuring-related sales attrition. Bedding Products segment sales decreased by 11%, with ongoing challenges in mattresses and adjustable bases. The company faced significant tariff exposure in its domestic adjustable bed business, impacting profitability. Aggressive competitive discounting in Flooring and Textiles led to pricing adjustments, affecting margins. The company anticipates continued headwinds in the Bedding segment due to customer sales challenges and retailer merchandising changes. Q & A Highlights Q: Can you explain the connection between the consumption number for the Bedding business and your U.S. volume number? A: Karl Glassman, CEO, explained that the U.S. Spring volume was down 9% year-over-year, with about a third of that due to sales attrition from restructuring. Tyson Hagale, President of Bedding Products, added that the specialty foam and adjustable bed businesses were impacted by specific customer challenges and changes in promotional strategies. Q: Are you seeing an acceleration in metal margins, and is this related to tariffs on imported rod? A: Karl Glassman, CEO, confirmed that metal margins are expanding both sequentially and year-on-year, partly due to the 232 tariffs. He emphasized that the expansion is sustainable and beneficial for U.S. steel manufacturers. Q: What changes led to the decision to retain some facilities initially slated for closure in the restructuring plan? A: Karl Glassman, CEO, and Tyson Hagale, President of Bedding Products, noted that the decision was based on evaluating customer relationships and market dynamics, which led to adjustments in their restructuring plan to better align with current opportunities and risks. Q: How do you assess the health of the consumer, and what are your expectations for volume and demand in the second half of the year? A: Karl Glassman, CEO, mentioned that consumer confidence improved as the second quarter progressed, with strong promotional periods like Memorial Day and the 4th of July. However, the impact of tariffs on consumer spending remains uncertain. Q: How are you managing price-cost dynamics across segments in light of tariffs? A: Karl Glassman, CEO, stated that they are working with suppliers to absorb tariff impacts and passing through pricing where necessary. He emphasized that tariffs are expected to be a net positive for the company, with pricing power maintained across business units. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Yahoo
01-08-2025
- Business
- Yahoo
Sun Communities Inc (SUI) Q2 2025 Earnings Call Highlights: Strong Financial Performance and ...
Core FFO per Share: $1.76, exceeding the high end of guidance. Debt Reduction: Approximately $3.3 billion of debt repaid. Shareholder Returns: Over $830 million returned through special cash distribution and share repurchases. Regular Annual Distribution Rate: Increased by over 10%. North American Same Property NOI Growth: 4.9% in the second quarter. Manufactured Housing Same Property NOI Growth: 7.7% with occupancy up to 97.6%. RV Same Property NOI: Declined 1.1% with a 0.9% revenue increase offset by a 3.1% expense increase. UK Same Property NOI Growth: 10.2% with revenue up 9.5%. Total Debt Balance: $4.3 billion with a weighted average interest rate of 3.4%. Net Debt to Trailing 12 Month Recurring EBITDA Ratio: 2.9 times at quarter end. Share Repurchases: Approximately 2.4 million shares repurchased for $300 million. One-Time Cash Distribution: $4 per share, totaling $521 million. Credit Rating Upgrades: S&P Global to 'BBB+' and Moody's to Baa2. Full Year 2025 FFO per Share Guidance: Raised to $6.51 to $6.67. North American Same Property NOI Growth Guidance: Increased to 4.7% at the midpoint. Manufactured Housing Same Property NOI Growth Guidance: Expected to grow 7.5% at the midpoint. UK Same Property NOI Growth Guidance: Raised to 2.3% at the midpoint. Warning! GuruFocus has detected 8 Warning Signs with SUI. Release Date: July 31, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Sun Communities Inc (NYSE:SUI) completed the sale of Safe Harbor Marinas, repositioning itself as a pure play owner and operator of manufactured housing and RV communities. The company paid down approximately $3.3 billion of debt, significantly improving its balance sheet. Sun Communities Inc (NYSE:SUI) returned over $830 million to shareholders through a special cash distribution and share repurchases. The company reported core FFO per share of $1.76 for the quarter, exceeding the high end of guidance. Sun Communities Inc (NYSE:SUI) received credit rating upgrades from S&P Global and Moody's, reflecting its leveraging progress and balance sheet strength. Negative Points The RV segment experienced a decline in same property NOI by 1.1%, driven by a 3.1% increase in expenses. The company faces challenges in the transient RV business, with a projected decline of over 9% in transient RV revenue for the year. Sun Communities Inc (NYSE:SUI) recorded impairment charges related to a strategic shift away from developing new greenfield projects. The UK portfolio faced increased expenses due to a national minimum wage increase, partially offsetting revenue gains. There is uncertainty regarding the full deployment of 1031 exchange proceeds, with potential tax implications if not fully utilized. Q & A Highlights Q: Can you discuss the release of funds into unrestricted cash and any tax implications related to 1031 acquisitions? A: Fernando Castro-Caratini, CFO, explained that there are no expected adverse tax impacts from releasing funds out of the 1031 exchanges. Initially, $1 billion was allocated for potential 1031 transactions, with $565 million identified for acquisitions, allowing $431 million to be released into unrestricted cash. The company is under no obligation to complete transactions that don't align with their strategy and is evaluating other strategies to maximize the value of these proceeds. Q: What trends are you seeing in the transient RV business, and what steps have you taken to enhance it? A: John McLaren, President, noted that the transient RV business is performing better than expected due to proactive measures taken after Q1. The company has been converting transient sites to annual sites, which has mitigated some revenue headwinds. They continue to flex operating expenses and focus on annual RV site growth to enhance revenue. Q: Can you explain the economics of the UK ground lease purchases and their strategic flexibility? A: Fernando Castro-Caratini, CFO, stated that the transaction creates flexibility by converting leasehold interests into freehold ownership, eliminating future rent escalations, and improving long-term economics. The ground lease repurchases, totaling nearly $200 million, blend to about a 4.25% yield, enhancing strategic flexibility. Q: How are you managing the restructuring process and expense savings? A: John McLaren, President, highlighted that the company is focused on balancing expense discipline with top-line growth. They have expanded savings beyond $17 million in the first half, primarily in payroll and utilities, and through procurement platform standardization. The company continues to focus on MH performance, retention, occupancy gains, and revenue growth. Q: What led to the decision to hire Charles Young as the next CEO, and what will be his role? A: Gary Shiffman, Chairman and CEO, explained that Charles Young was chosen for his 25 years of leadership experience in real estate operations and investment management. His track record in the residential REIT asset class makes him uniquely suited to lead Sun Communities through its next growth phase. Shiffman will support Young's success, leveraging his 40 years of industry experience. 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
Yahoo
16-05-2025
- Business
- Yahoo
Solara Active Pharma Sciences Ltd (BOM:541540) Q4 2025 Earnings Call Highlights: Strong Margin ...
Gross Margin: Increased from 37.8% in FY24 to 51.5% in FY25, an improvement of 1,370 basis points. EBITDA Margin: Expanded from negative numbers in FY24 to 16.5% in FY25, an increase of 2,360 basis points. Regulated Market Contribution: 76% of overall business attributed to regulated markets. Operating Cost Reduction: Reduced by approximately INR 1,300 million year-on-year, a 22% reduction. Debt Reduction: Decreased from approximately INR 1,000 crores in FY24 to INR 776 crores in FY25. Finance Cost: Increased by INR 11 crore in FY25 due to short-term debt. Projected Revenue Growth for FY26: Expected to grow by around 10%. Projected EBITDA Growth for FY26: Expected to grow by 15% to 20%. Warning! GuruFocus has detected 7 Warning Signs with BOM:541540. Release Date: May 15, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Solara Active Pharma Sciences Ltd (BOM:541540) has successfully expanded its gross margin from 37.8% in FY24 to 51.5% in FY25, indicating a significant improvement in profitability. The company has reduced its debt from approximately INR 1,000 crores in FY24 to INR 776 crores by the end of FY25, showcasing effective debt management. Solara's focus on high-margin products and regulated markets has resulted in 76% of its business being attributed to these profitable markets. The company has maintained a strong regulatory compliance record, with successful inspections by the U.S. FDA and WHO approvals for multiple facilities. Solara has introduced a new leadership team, which is focused on pivoting the company towards growth and profitability, with an outlook of 10% revenue growth and 15-20% EBITDA growth for FY26. The company missed its revenue and EBITDA guidance for FY25 due to intense competition in the ibuprofen market, which has been a significant revenue driver. Solara's reliance on the ibuprofen business has been challenged by excess capacity and pricing pressures, leading to a strategic shift towards derivatives and non-ibuprofen products. Despite improvements, the company still faces a stretched working capital scenario, partly due to muted revenue growth. The company's capacity utilization is currently at 60%, indicating underutilization of its production capabilities. Solara has not provided specific guidance for FY26, opting instead for an outlook, which may create uncertainty for investors seeking clear targets. Q: Can you explain the challenges faced with the ibuprofen business and the strategy moving forward? A: Arun Kumar, Founder & Non-Executive Director, explained that the ibuprofen business is facing severe competitive pressure due to excess capacity, particularly from new plants in India with more efficient technologies. The company is focusing on retaining branded big pharma customers while reducing exposure to the generic market. The strategy involves shifting focus from plain ibuprofen to derivatives, which has helped maintain revenue levels despite challenges. Q: What efforts have led to the significant gross margin expansion despite competition in ibuprofen? A: Arun Kumar stated that the gross margin improvement is due to focusing on higher-margin products, new product launches, and gaining market share in existing products. The company has also reduced its reliance on low-margin ibuprofen sales, contributing to the margin expansion. Q: What is the sustainable gross margin for the business going forward? A: Arun Kumar mentioned that the gross margin for the CRAMS and polymers business is around 65%, while the catalog business is sustainable at 53% to 55%. The company aims to maintain these margins by focusing on non-ibuprofen platforms. Q: When can we expect to see sales growth quarter-on-quarter? A: Arun Kumar and Sandeep Rao, Managing Director & CEO, indicated that they hope to see sales growth starting as early as the current quarter, with expectations for growth in the upcoming quarters. Q: What is the nature of the CDMO business, and what growth is expected in this segment? A: Arun Kumar clarified that the CDMO business focuses on complex drugs rather than patented drugs for innovator companies. It is currently a small segment, and the company is working on models and capital investments to support future growth. 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
