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Time of India
19-05-2025
- Business
- Time of India
Meerut to become a hub for edu, sports, culture, biz: CM
Lucknow: Chief Minister Yogi Adityanath reviewed Meerut's integrated development plan on Monday, directing officials to ensure that all proposed 93 projects under the plan were completed as per timelines to develop the city as a hub for sports, education, culture, and commerce. The plan is being implemented to develop Meerut as a smart, clean, and sustainable city. In 2021, Meerut's population was approximately 23 lakh, which is estimated to increase to 33.5 lakh by 2041. The Chief Minister was informed that out of the 93 projects, work began on six. The approximate cost of implementing the entire plan is Rs 15,000 crore. To alleviate congestion and traffic in the city, the Chief Minister spoke about the need for local district administration, development authority, and municipal corporation to work together. He said that Meerut city should only have digital hoardings while the entire city should be brought under CCTV coverage. He added that camera footage should be accessible to the police whenever needed. To develop Meerut as an environmentally robust city, electric vehicles should be promoted, and private sector participation in city bus services should be encouraged. To realise the vision of a clean city, door-to-door waste collection should be carried out while river rejuvenation should be started. The Chief Minister suggested that drainage should be connected with natural water systems for more effective sewage treatment. The Chief Minister was informed that the development plan is based on six major themes, which include beautification of public spaces and walk-friendly arrangements, seamless movement, environmental and social amenities, industrial and residential infrastructure development, conservation of historical heritage, and redevelopment. The projects have been divided into short-term, mid-term, and long-term phases, with 41 projects to be completed within a year. The Chief Minister was updated on plans for the Delhi-Meerut Expressway, Rapid Rail, Ganga Expressway, Dedicated Freight Corridor, Western Ring Road, Internal Ring Road, smart roads, redevelopment of major intersections, and development of cultural sites. Other projects relate to the beautification of Sanjay Van, Surajkund, theme parks, ponds, and historical sites. The Chief Minister said that local parks should be better maintained, and places like Sanjay Van and Victoria Park should be made vibrant. He emphasised the importance of constructing the Meerut Mandapam for events, stating that it would give the city a new identity for cultural activities. In the area of road connectivity, the CM highlighted the utility of the 52-km long Western Ring Road and the Inner Ring Road from Vedvyaspuri to Lohianagar for smooth connectivity. There was also a detailed discussion on plans for widening roads like the proposed internal ring road on the Abu Nala First track, regional connectivity routes, Meerut–Parikshitgarh road, Daurala–Masuri, Rohta, and Garh road.
Yahoo
30-04-2025
- Business
- Yahoo
Werner (NASDAQ:WERN) Misses Q1 Revenue Estimates
Freight delivery company Werner (NASDAQ:WERN) missed Wall Street's revenue expectations in Q1 CY2025, with sales falling 7.4% year on year to $712.1 million. Its non-GAAP loss of $0.12 per share was significantly below analysts' consensus estimates. Is now the time to buy Werner? Find out in our full research report. Revenue: $712.1 million vs analyst estimates of $737.2 million (7.4% year-on-year decline, 3.4% miss) Adjusted EPS: -$0.12 vs analyst estimates of $0.12 (significant miss) Adjusted EBITDA: $64.22 million vs analyst estimates of $89.32 million (9% margin, 28.1% miss) Operating Margin: -0.8%, down from 2% in the same quarter last year Free Cash Flow Margin: 3.1%, down from 9% in the same quarter last year Market Capitalization: $1.74 billion 'First quarter results were below our expectations due to elevated insurance costs, extreme weather, a smaller fleet and changes in customer activity stemming from tariff-induced uncertainty. Despite these challenges, we are seeing strength in Dedicated with a streak of wins in new fleet contracts to be implemented in the coming quarters. One-Way Truckload revenue per total mile was up modestly for the third consecutive quarter, despite weather disruptions, increased deadhead, and network inefficiencies. Logistics improved operating income and margin with ongoing focus on cost management,' said Derek Leathers, Chairman and CEO. Conducting business in over a 100 countries, Werner (NASDAQ:WERN) offers full-truckload, less-than-truckload, and intermodal delivery services. Examining a company's long-term performance can provide clues about its quality. Any business can put up a good quarter or two, but the best consistently grow over the long haul. Regrettably, Werner's sales grew at a sluggish 3.9% compounded annual growth rate over the last five years. This was below our standard for the industrials sector and is a rough starting point for our analysis. Long-term growth is the most important, but within industrials, a half-decade historical view may miss new industry trends or demand cycles. Werner's performance shows it grew in the past but relinquished its gains over the last two years, as its revenue fell by 5.9% annually. Werner isn't alone in its struggles as the Ground Transportation industry experienced a cyclical downturn, with many similar businesses observing lower sales at this time. We can better understand the company's revenue dynamics by analyzing its most important segments, Truckload Transportation and Logistics, which are 70.5% and 27.5% of revenue. Over the last two years, Werner's Truckload Transportation revenue (deliveries made with Werner's fleet) averaged 7.8% year-on-year declines while its Logistics revenue (brokered deliveries using third-party fleets) was flat. This quarter, Werner missed Wall Street's estimates and reported a rather uninspiring 7.4% year-on-year revenue decline, generating $712.1 million of revenue. Looking ahead, sell-side analysts expect revenue to grow 5% over the next 12 months. Although this projection indicates its newer products and services will fuel better top-line performance, it is still below average for the sector. Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) stock benefiting from the rise of AI. Click here to access our free report one of our favorites growth stories. Werner was profitable over the last five years but held back by its large cost base. Its average operating margin of 7.2% was weak for an industrials business. This result isn't too surprising given its low gross margin as a starting point. Analyzing the trend in its profitability, Werner's operating margin decreased by 9.3 percentage points over the last five years. This raises questions about the company's expense base because its revenue growth should have given it leverage on its fixed costs, resulting in better economies of scale and profitability. Werner's performance was poor no matter how you look at it - it shows that costs were rising and it couldn't pass them onto its customers. This quarter, Werner's breakeven margin was down 2.8 percentage points year on year. Conversely, its gross margin actually rose, so we can assume its recent inefficiencies were driven by increased operating expenses like marketing, R&D, and administrative overhead. Revenue trends explain a company's historical growth, but the long-term change in earnings per share (EPS) points to the profitability of that growth – for example, a company could inflate its sales through excessive spending on advertising and promotions. Sadly for Werner, its EPS declined by 34.4% annually over the last five years while its revenue grew by 3.9%. This tells us the company became less profitable on a per-share basis as it expanded due to non-fundamental factors such as interest expenses and taxes. Diving into the nuances of Werner's earnings can give us a better understanding of its performance. As we mentioned earlier, Werner's operating margin declined by 9.3 percentage points over the last five years. This was the most relevant factor (aside from the revenue impact) behind its lower earnings; taxes and interest expenses can also affect EPS but don't tell us as much about a company's fundamentals. Like with revenue, we analyze EPS over a more recent period because it can provide insight into an emerging theme or development for the business. For Werner, its two-year annual EPS declines of 71.3% show it's continued to underperform. These results were bad no matter how you slice the data. In Q1, Werner reported EPS at negative $0.12, down from $0.14 in the same quarter last year. This print missed analysts' estimates. Over the next 12 months, Wall Street expects Werner's full-year EPS of $0.28 to grow 338%. We struggled to find many positives in these results. Its Logistics revenue missed and its revenue fell short of Wall Street's estimates. Overall, this quarter could have been better. The stock traded down 3.8% to $26.60 immediately after reporting. Werner underperformed this quarter, but does that create an opportunity to invest right now? The latest quarter does matter, but not nearly as much as longer-term fundamentals and valuation, when deciding if the stock is a buy. We cover that in our actionable full research report which you can read here, it's free. Sign in to access your portfolio
Yahoo
15-04-2025
- General
- Yahoo
King appoints new lord-lieutenant for county
The next lord-lieutenant of Staffordshire has been appointed by King Charles III. Prof Elizabeth Barnes will take up the role on 15 July when the current lord-lieutenant, Sir Ian Dudson, retires, the county council confirmed. She will be the King's representative in the county and her duties will include overseeing royal visits and award presentations. Prof Barnes was previously vice chancellor of the University of Staffordshire and a board member of the Staffordshire Local Enterprise Partnership before she was appointed deputy lieutenant in 2020. She said it would be a "huge honour" to represent the King in the county where she was born and raised. Follow BBC Stoke & Staffordshire on BBC Sounds, Facebook, X and Instagram. Flags at half-mast for former Lord Lieutenant Business award named after former Lord Lieutenant Lord Lieutenant deputy resigns over Tory leaflet 'Dedicated' vice lord-lieutenant bows out Staffordshire County Council
ArabGT
16-03-2025
- Automotive
- ArabGT
2025 Mitsubishi L200 Review
The 2025 Mitsubishi L200, now in its sixth generation, continues the legacy of Mitsubishi's mid-size pickup truck, offering a blend of business functionality, everyday usability, and off-road capability. Known as the Mitsubishi Triton in some markets, this model has been a cornerstone of the brand's lineup since its debut in 1978. Over the years, it has gained a reputation for durability, strength, and high global sales. Mitsubishi introduced the sixth-generation L200 in 2023, bringing an all-new design language, which the brand calls 'Beast Mode', adding a more aggressive and modern aesthetic. Exterior Design The 2025 L200 embraces a bold and rugged design, in line with its Beast Mode styling philosophy. The muscular front fascia, pronounced wheel arches, and modern lighting signatures give it a powerful road presence. The GLS and Athlete trims offer additional enhancements, including larger 18-inch wheels, side steps, and off-road-ready tires, reinforcing the truck's tough-yet-stylish appearance. Trim Levels and Features The 2025 Mitsubishi L200 is available in several trims, catering to a diverse range of buyers: L200 GL – The base model , tailored for commercial use and fleet operations. Available in single-cab (two-door) or double-cab (four-door) configurations, with gasoline or diesel engine options and manual or automatic transmission . Buyers can choose between two-wheel drive (2WD) or four-wheel drive (4WD) . – The , tailored for commercial use and fleet operations. Available in configurations, with and . Buyers can choose between . L200 GLX – A mid-tier trim offering additional convenience features, including an upgraded interior and a larger infotainment screen . – A mid-tier trim offering additional convenience features, including an upgraded interior and a . L200 GLS – Geared toward personal and everyday use , this version adds premium features like adaptive cruise control, front radar sensors, and keyless entry . It also includes a factory-installed lift kit for increased ground clearance and a four-wheel-drive system . – Geared toward , this version adds premium features like . It also includes for increased ground clearance and a . L200 Athlete – The range-topping trim, featuring performance upgrades and Mitsubishi's factory-installed sporty modifications. It boasts the most powerful engine option, exclusive styling elements, and an enhanced off-road setup. 2025 Mitsubishi L200 Interior Inside, the 2025 Mitsubishi L200 offers a functional yet refined cabin, particularly in the GLS and Athlete trims, which feature durable, easy-to-clean leather upholstery. Rear passengers benefit from dedicated air conditioning vents, while ISOFIX anchors ensure child seat compatibility, reinforcing the truck's family-friendly appeal. Technology-wise, the L200 is well-equipped: 9-inch infotainment screen with navigation, Apple CarPlay, and Android Auto (available in high trims) with (available in high trims) 8-inch screen in the GLX trim Dedicated screen for air conditioning controls Wireless smartphone charging USB Type-C and Type-A charging ports 6-speaker sound system in higher trims, 2-speaker setup in base models Mechanical Specifications The 2025 L200 offers multiple engine options, catering to different performance and efficiency requirements: 2.4-liter naturally aspirated gasoline engine 126 hp, 194 Nm of torque Available with a 5-speed manual or 6-speed automatic transmission 2.4-liter turbo diesel engine 148 hp, 330 Nm of torque Paired with a 6-speed automatic transmission 2.4-liter high-output turbo diesel (L200 Athlete) 203 hp, 470 Nm of torque Equipped with a 6-speed automatic transmission for stronger acceleration and towing capacity Performance and Off-Road Capability Mitsubishi has leveraged its Dakar Rally experience to enhance the L200's all-wheel-drive system, making it exceptionally capable off-road. With a payload capacity of 1,000 kg (1 ton), the truck is built to handle both work and adventure. Fuel Efficiency The 2025 Mitsubishi L200 delivers impressive fuel economy, with the diesel variants capable of covering over 900 km on a full 55-liter fuel tank. This efficiency makes it a practical option for those who require a long-range vehicle without frequent refueling stops. 2025 Mitsubishi L200 Pricing L200 GLX base model starts at $33,700 (international pricing) starts at Top-tier L200 GSR trim is priced at $43,656 is priced at Due to shipping costs, tariffs, and customs duties, prices are expected to be higher in the Middle East market
Yahoo
09-03-2025
- Business
- Yahoo
GitLab Continues to See Strong Revenue Growth Powered by AI, but Is the Stock a Buy?
There has been some significant market volatility this earnings season, with disappointing reports spooking some investors. One stock that got a reprieve following its earnings was DevSecOps platform GitLab (NASDAQ: GTLB), largely because investors liked its continued strong growth. Nonetheless, the stock still trades down about 25% over the past year. Let's take a closer look at GitLab's fourth-quarter results and outlook to see if this is a good time to buy the stock. GitLab operates a DevSecOps (development, security, and operations) platform that helps customers with their software development while also integrating cybersecurity into all stages of the process. The company has seen strong revenue growth helped by its artificial intelligence (AI)-powered GitLab Duo add-on offering, which can help programmers complete their assignments by offering coding suggestions and automation. The company has been able to consistently grow its revenue by around 30% in recent quarters, and Q4 was no different. For fiscal 2025's Q4, ended Jan. 31, revenue climbed 29% year over year to $211.4 million. That was well ahead of the company's prior forecast for revenue between $205 million and $206 million. Metric Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q1 FY25 Q3 FY25 Q4 FY25 Revenue growth 45% 38% 32% 33% 33% 31% 31% 29% Source: GitLab earnings reports. Subscription revenue climbed 31% to $185.6 million, while license revenue increased 19% to $25.9 million. Existing customers continue to increase their spending with GitLab, with its dollar-based net retention coming in at 123%. This metric measures the spending of existing customers who have been with the company for at least a year minus any customer churn. A number over 100% means existing customers increased their spending over the past 12 months. GitLab said seat expansion accounted for 75% of the increase, improved customer yields contributed 15%, and upgrades to higher-tier platforms 10%. Meanwhile, GitLab continues to see strong growth with its enterprise customers. The number of customers with $100,000 or more in annual recurring revenue (ARR) climbed 29% to 1,229, while customers with $1 million or more in ARR jumped to 123 customers. The strong growth continues to be powered by its Ultimate, Dedicated, and GitLab Duo solutions. Ultimate is GitLab's higher-tier platform and now accounts for half its ARR, while Dedicated includes additional features such as data isolation and regional data residency. Dedicated revenue surged approximately 90% year over year in the quarter. Remaining performance obligations (RPO) soared 40% to $945 million, while cRPO (current RPO) increased 35% to $579.2 million. RPO includes both revenue received from upfront payments that have yet to be recognized as revenue as well as revenue from un-cancellable contracts. It tends to help predict future revenue growth. On the profitability front, GitLab's adjusted earnings per share (EPS) more than doubled to $0.33 from $0.15 a year ago. It had a gross margin of 89% in the quarter. The company generated $62.1 million in adjusted free cash flow in the quarter and $120 million for the year. It ended the year with $992.3 million in cash and short-term investments and no debt. GitLab forecast fiscal 2026 revenue to range between $936 million and $942 million, representing about 24% growth. It is looking for adjusted EPS of between $0.68 and $0.72. For fiscal Q1, it guided for revenue of $212 million to $213 million, representing growth of 25% to 26%. It forecast adjusted EPS of $0.14 to $0.15. GitLab continues to steadily grow its revenue, while also seeing nice operating leverage in its business, which has been leading to strong profitability growth. Its guidance, meanwhile, seems conservative, setting the company up for some nice beat-and-raise results throughout the year. Last year, the company exceeded the top end of its forecast by about 4%. If it follows a similar pattern, I'd expect revenue closer to $980 million in fiscal year 2026, which would be around 29% revenue growth versus its 24% growth forecast. The stock is reasonably valued, trading at a price-to-sales (P/S) multiple of 10 times fiscal year 2026 analyst estimates. Meanwhile, excluding its net cash, its enterprise value (EV)-to-sales ratio is about 9 times. That's a pretty attractive valuation for a software-as-as-service (SaaS) company with a high gross margin growing its revenue in the mid-20% plus range. Overall, GitLab is a fast-growing SaaS company trading a reasonable valuation that is nicely benefiting from AI. The stock should have plenty of upside over the long term. Ever feel like you missed the boat in buying the most successful stocks? Then you'll want to hear this. On rare occasions, our expert team of analysts issues a 'Double Down' stock recommendation for companies that they think are about to pop. If you're worried you've already missed your chance to invest, now is the best time to buy before it's too late. And the numbers speak for themselves: Nvidia: if you invested $1,000 when we doubled down in 2009, you'd have $286,710!* Apple: if you invested $1,000 when we doubled down in 2008, you'd have $44,617!* Netflix: if you invested $1,000 when we doubled down in 2004, you'd have $488,792!* Right now, we're issuing 'Double Down' alerts for three incredible companies, and there may not be another chance like this anytime soon.*Stock Advisor returns as of March 3, 2025 Geoffrey Seiler has positions in GitLab. The Motley Fool has positions in and recommends GitLab. The Motley Fool has a disclosure policy. GitLab Continues to See Strong Revenue Growth Powered by AI, but Is the Stock a Buy? was originally published by The Motley Fool Sign in to access your portfolio
