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New Straits Times
29-05-2025
- Business
- New Straits Times
UEM edgenta secures order book worth RM1.1bil in Q1, bringing total to RM9.3bil
KUALA LUMPUR: UEM Edgenta Bhd has secured an order book worth RM1.1 billion in the first quarter ended March 31, 2025 (1Q FY2025), bringing the company's cumulative order book to RM9.3 billion as at March 31, 2025. Chief financial officer Ahmad Fazril Fauzi said the RM1.1 billion represents 39 per cent of the total order book secured in FY2024. "We secured RM2.8 billion for the whole of last year, and by the first quarter of this year, we have already achieved 39 per cent of that," he said during a virtual analyst and media briefing today. Of the RM9.3 billion order book, RM5.8 billion is contributed by infrastructure services, followed by healthcare solutions (RM2.5 billion), property and facility solutions (RM600 million), and asset consultancy (RM400 million). "We are bullish on the performance going forward, supported by the positive momentum of its international operations as we secured contract wins in key markets such as Saudi Arabia, the United Arab Emirates (UAE) and Singapore. "The group's operations in Saudi Arabia and the UAE achieved a strong 24 per cent year-on-year revenue growth, driven by effective integration efforts and the scaling of newly acquired entities" he added. Elaborating further, he added that in Singapore, new contract wins amounting to RM462.8 million within the Healthcare Solutions division contributed to an encouraging order book, while additional wins in Taiwan (RM328.7 million) are also supporting the group's efforts to stabilise and strengthen its business performance. Commenting on its financial results ended March 31, 2025, Ahmad Fazril said the company is expected to return to profitability as early as the second quarter after recording losses in 1Q FY2025. He attributed the losses to cyclical factors. UEM Edgenta turned red in 1QFY2025, registering a net loss of RM17.95 million compared with RM9.77 million in the same quarter a year ago, while revenue declined to RM646.06 million versus RM677.6 million recorded previously.
The Star
29-05-2025
- Business
- The Star
UEM Edgenta secures order book worth RM1.1bil in 1Q25, bringing total to RM9.3bil
KUALA LUMPUR: UEM Edgenta Bhd has secured an order book worth RM1.1 billion in the first quarter ended March 31, 2025 (1Q FY2025), bringing the company's cumulative order book to RM9.3 billion as at March 31, 2025. Chief financial officer Ahmad Fazril Fauzi said the RM1.1 billion represents 39 per cent of the total order book secured in FY2024. "We secured RM2.8 billion for the whole of last year, and by the first quarter of this year, we have already achieved 39 per cent of that," he said during a virtual analyst and media briefing today. Of the RM9.3 billion order book, RM5.8 billion is contributed by infrastructure services, followed by healthcare solutions (RM2.5 billion), property and facility solutions (RM600 million), and asset consultancy (RM400 million). "We are bullish on the performance going forward, supported by the positive momentum of its international operations as we secured contract wins in key markets such as Saudi Arabia, the United Arab Emirates (UAE) and Singapore. "The group's operations in Saudi Arabia and the UAE achieved a strong 24 per cent year-on-year revenue growth, driven by effective integration efforts and the scaling of newly acquired entities" he added. Elaborating further, he added that in Singapore, new contract wins amounting to RM462.8 million within the Healthcare Solutions division contributed to an encouraging order book, while additional wins in Taiwan (RM328.7 million) are also supporting the group's efforts to stabilise and strengthen its business performance. Commenting on its financial results ended March 31, 2025, Ahmad Fazril said the company is expected to return to profitability as early as the second quarter after recording losses in 1Q FY2025. He attributed the losses to cyclical factors. UEM Edgenta turned red in 1QFY2025, registering a net loss of RM17.95 million compared with RM9.77 million in the same quarter a year ago, while revenue declined to RM646.06 million versus RM677.6 million recorded previously. - Bernama
Yahoo
13-05-2025
- Business
- Yahoo
3D Systems Q1 Earnings and Revenues Miss Estimates, Stock Down
3D Systems DDD reported first-quarter 2025 non-GAAP loss of 21 cents per share, wider than the Zacks Consensus Estimate of a loss of 13 cents. The company had incurred a loss of 17 cents per share in the year-ago reported revenues of $94.5 million, which declined 8.1% year over year. The top line also missed the Zacks Consensus Estimate by 3.91%. The decline was primarily attributed to weaker materials sales, largely attributed to customer inventory management in the dental aligner market. This headwind offsets growth achieved in new hardware systems and related company's challenging first-quarter performance negatively impacted investor sentiment, leading to a decline of 21.57% in its share price in the pre-market trading on Tuesday. Year to date, shares of DDD have plunged 21.3%, underperforming the Zacks Industrial Products sector's decline of 5.4%.Product revenues declined 14.6% year over year to $54.7 million in the first quarter, contributing 57.9% to total revenues. 3D Systems Corporation price-consensus-eps-surprise-chart | 3D Systems Corporation Quote Services revenues, which accounted for 42.1% of total revenues, increased 2.5% year over year to $39.8 million. The company operates through two key segments — Healthcare Solutions and Industrial Solutions — tailored to the diverse industries it serves. Healthcare Solutions focuses on dental, medical devices, personalized health services and regenerative medicine, whereas Industrial Solutions caters to aerospace, defense, transportation and general the first quarter, Healthcare Solutions' revenues decreased 9% year over year to $41.3 million. Despite broader economic challenges, the Personalized Healthcare business grew 17%, and manufacturing operations for FDA-approved parts increased 18%, highlighting strong demand in critical Solutions' revenues also declined 7.5% year over year to $53.2 non-GAAP gross profit fell 19.7% year over year to $33.1 million. The non-GAAP gross profit margin declined 500 basis points to 35% due to lower volumes and unfavorable price and EBITDA fell $3.8 million year over year to a loss of $23.9 million in the first quarter. The downturn was due to lower volumes and an unfavorable pricing mix, partially offset by reduced operating expenses stemming from previously implemented cost-saving initiatives. As of March 31, 2025, cash and cash equivalents were $135 million, lower than $171.3 million as of Dec. 31, 2024. The decline was primarily due to $33.8 million in cash used for operating activities and $2.8 million in capital expenditures. As of March 31, 2025, DDD had a total debt of $212.3 million, slightly up from $212 million as of Dec. 31, successful sale of the Geomagic portfolio in April significantly improved the company's liquidity position, adding more than $100 million to cash reserves, bringing the total to approximately $250 million as of April 30, 2025. Due to the risk of prolonged weakness in customer capital investment, 3D Systems is withdrawing its full-year 2025 guidance. In the meantime, it remains focused on achieving profitability at its current near-term headwinds, the company believes that it is well-positioned for accelerated growth and improved profitability once capital spending rebounds, supported by its robust portfolio of new metal and polymer-based Zacks Consensus Estimate for 2025 revenues is pegged at $427.61 million, suggesting a year-over-year decline of 2.84%.The Zacks Consensus Estimate is pegged at a loss of 39 cents per share. This indicates a narrower loss from the year-ago quarter's reported loss of 62 cents. (See the Zacks Earnings Calendar to stay ahead of market-making news.) Currently, 3D Systems carries a Zacks Rank #3 (Hold).Some better-ranked stocks in the Industrial Products sector are Insteel Industries IIIN, GormanRupp GRC and Crown Holdings CCK. Insteel Industries sports a Zacks Rank #1 (Strong Buy), and GormanRupp and Crown Holdings carry a Zacks Rank #2 (Buy) each at present. You can see the complete list of today's Zacks #1 Rank stocks here. The long-term earnings growth rates for IIIN, GRC and CCK are pegged at 12%, 13% and 8.17%, respectively. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Crown Holdings, Inc. (CCK) : Free Stock Analysis Report 3D Systems Corporation (DDD) : Free Stock Analysis Report Gorman-Rupp Company (The) (GRC) : Free Stock Analysis Report Insteel Industries, Inc. (IIIN) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
