Latest news with #LC
Yahoo
12 hours ago
- Business
- Yahoo
A Q2 Earnings Call: Mixed Revenue Performance, Margin Pressure, and Strategic Updates
Life sciences tools company Agilent Technologies (NYSE:A) fell short of the market's revenue expectations in Q1 CY2025, but sales rose 6% year on year to $1.67 billion. Its non-GAAP EPS of $1.31 per share was 3.6% above analysts' consensus estimates. Is now the time to buy A? Find out in our full research report (it's free). Revenue: $1.67 billion (6% year-on-year growth) Adjusted EPS: $1.31 vs analyst estimates of $1.26 (3.6% beat) Adjusted Operating Income: $419 million vs analyst estimates of $409.9 million (25.1% margin, 2.2% beat) Revenue Guidance for Q2 CY2025 is $1.66 billion at the midpoint, above analyst estimates of $1.65 billion Management reiterated its full-year Adjusted EPS guidance of $5.58 at the midpoint Operating Margin: 18%, down from 23.1% in the same quarter last year Organic Revenue rose 5.1% year on year (-7.4% in the same quarter last year) Market Capitalization: $31.61 billion Agilent's second quarter results reflected broad-based growth across most end markets and geographies, with particular strength in China, India, and environmental testing. CEO Padraig McDonnell attributed the 6% year-on-year revenue growth to stable demand for core instruments, continued recovery in the biopharma segment, and robust performance in pathology and PFAS (per- and polyfluoroalkyl substances) testing. Management also highlighted progress in its digital ecosystem, noting a 12% increase in digital orders, and pointed to operational changes—including the Ignite transformation initiative—that drove early wins in pricing and procurement. While most end markets performed as expected, academia and government remained soft, and management described the macroeconomic and geopolitical environment as 'highly dynamic,' underscoring ongoing uncertainty. Looking forward, Agilent's guidance is shaped by ongoing tariff risks, a cautious approach to macroeconomic uncertainty, and confidence in its operational initiatives. Management maintained its full-year core growth and adjusted EPS outlook, citing the ability to offset incremental tariff costs through supply chain adjustments, pricing, and Ignite-driven efficiencies. CFO Bob McMahon noted, 'A combination of supply chain moves, surcharges, and savings will allow us to fully mitigate tariff costs by next year.' The company expects continued momentum in PFAS testing, accelerating growth in its CDMO (contract development and manufacturing organization) segment, and further gains from newly launched products such as the Infinity III LC system and Seahorse XF Flex analyzer. However, management cautioned that near-term growth may be uneven given the dynamic external environment and timing of customer orders. Management pointed to diverse geographic and product performance, with China and environmental testing outpacing expectations, while transformative operational initiatives helped offset mounting tariff pressures. China and India outperformance: China delivered 10% growth, benefiting from stable demand and a favorable Lunar New Year comparison, while India posted high-teens growth. Management opened its first India solution center to support local demand for advanced testing and regulatory compliance. PFAS testing momentum: Agilent saw more than 70% year-over-year growth in PFAS testing, driven by global regulatory expansion and product innovation. The company cited its Infinity III and 6495D systems as increasingly critical for customers seeking sensitive, robust PFAS detection in water, food, and industrial materials. Biopharma and CDMO progress: The NASD (Nucleic Acid Solutions Division) and BIOVECTRA businesses reported high single-digit and high teens growth, respectively. Management highlighted improved visibility on future orders, with the BIOVECTRA acquisition expanding Agilent's presence in GLP-1 and complex chemistries manufacturing. Operational transformation via Ignite: The Ignite initiative enabled enterprise-wide pricing, organizational streamlining, and procurement centralization, leading to over $130 million in expected profit contribution for the year. The company achieved full-year pricing realization targets within six months and projects $80 million in annualized savings from organizational changes. Tariff mitigation and supply chain agility: Agilent's tariff task force responded quickly to shifts in US, China, and EU tariffs by moving production, centralizing procurement, and implementing targeted price surcharges. Management expects to fully offset tariff impacts in 2026, with minimal net impact for this year despite potential new EU tariff increases. Agilent's outlook for the coming quarters hinges on successful tariff mitigation, continued product innovation, and steady demand in core end markets, balanced against macroeconomic uncertainty. Tariff mitigation and pricing actions: Management anticipates covering all incremental tariff costs in 2025 through a blend of supply chain adjustments, strategic pricing surcharges, and Ignite-driven procurement savings. The company expects these actions to fully neutralize tariff impacts by next year, though the evolving trade landscape remains a risk. Momentum in PFAS and CDMO segments: Agilent projects ongoing strength in PFAS testing, driven by expanding global regulations and the company's technology leadership. The CDMO segment (NASD and BIOVECTRA) is expected to deliver double-digit growth in the second half, supported by a healthy order backlog and accelerating commercialization of new manufacturing programs. Replacement cycles and product launches: The adoption of new instruments, notably the Infinity III LC system, is fueling replacement cycles across pharma, environmental, and food testing labs. Management highlighted higher attach rates for services and consumables, and expects sales momentum to build as customers upgrade aging systems over the next several quarters. In the coming quarters, the StockStory team will watch for (1) sustained momentum in PFAS testing and CDMO segment order growth, (2) evidence that Ignite-driven cost savings and pricing actions are offsetting tariff impacts and supporting margin stability, and (3) the pace of customer adoption for new instruments like the Infinity III LC system. Progress in these areas will be key to tracking Agilent's ability to navigate external headwinds and deliver on its operational commitments. Agilent currently trades at a forward P/E ratio of 19.1×. Is the company at an inflection point that warrants a buy or sell? The answer lies in our full research report (it's free). 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 9 Market-Beating Stocks. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). 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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Daily Express
19-05-2025
- Business
- Daily Express
‘Hand post back to Labuan-born'
Published on: Monday, May 19, 2025 Published on: Mon, May 19, 2025 By: Sohan Das Text Size: Jalali (right) recalled that when Anifah (left) was appointed to the position, it sparked outrage as Anifah was seen as an 'outsider' who lost his deposit when his Parti Cinta Sabah was also wiped out in the previous Sabah election. LABUAN: The post of Chairman of Labuan Corporation should be handed back to a Labuan-born when the term of Tan Sri Anifah Aman, who is from Sabah, expires next month. Activist Hj Abdul Haji Jalali Hj Ghani said there are qualified and capable local leaders who should not be denied the opportunity as very few locals hold top positions on the island. Advertisement Jalil recalled that when Anifah was appointed to the position, it sparked outrage as Anifah was seen as an 'outsider' who lost his deposit when his Parti Cinta Sabah was also wiped out in the previous Sabah election. But some quarters urged that he be given a chance to prove what he could do for the island. 'Next month he completes his two-year term but has he anything to show from all his overseas missions to bring in investors?' said Hj Abdul Haji Jalali. He said being a Foreign Minister previously should not automatically qualify someone to be Chairman of LC which 'needs different requirements to face different challenges'. 'It is so far also unclear if Anifah who is also Special Advisor to Sabah Chief Minister Datuk Hajiji Noor, was the one who brought in multi-billion ringgit investors to Sabah like e-steel, Kibing and Nexilis. Advertisement 'Or else, he could also have brought such investments to Labuan as well,' he said. Due to lack of his presence on the island last year, Chairman of Labuan Chinese Chamber of Commerce, Datuk Wong Kii, told him to decide whether he was really interested in serving Labuan. Anifah was also appointed Senator representing Labuan. Former Chief Minister Tan Sri Harris Salleh also said he heard complaints that Anifah was seldom in Labuan. 'Besides, with state elections looming in Sabah, Hajiji would be depending on Anifah and the Parti Cinta Sabah to help GRS win,' he said. The previous Chairmen of LC were all Labuan residents and they include Datuk Suhaili Abdul Rahman (2001-2009), Datuk Rozman Isli and Datuk Bashir Alias. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Wales Online
07-05-2025
- Business
- Wales Online
How much Swansea Council subsidises running of city leisure centres
How much Swansea Council subsidises running of city leisure centres The current model using a specialist provider is 'way more affordable', according to one senior officer, compared with the council running the facilities itself Swansea's flagship leisure centre, the LC (Image: Riochard Youle ) Swansea Council will need to keep subsidising leisure centres but using a third party to operate them is less expensive than running them itself, a meeting heard. Seven years ago the authority awarded a contract to leisure operator Freedom Leisure to run the LC, in the city centre, and other leisure centres in the county. The council retained ownership of the buildings and pays Freedom Leisure an annual management fee. The fee in 2023-24 was just over £987,000, which was around £1m less than the first year of the contract. There has been further financial support from the council to sustain the leisure centres during the Covid pandemic, when energy bills spiked following Russia's invasion of Ukraine, and to help with wider cost-of-living pressures. Cllr Robert Francis-Davies, cabinet member for investment, regeneration, and tourism, told a council scrutiny panel: "I'm very happy with the work Freedom Leisure are doing." Never miss a Swansea story by signing up to our newsletter here A report before the panel said visitor numbers to the seven leisure centres and sports complexes operated by Freedom Leisure rose by 3% in 2023-24 to just under 1.9m. Total income, excluding the management fee and external grants, was £8.31m in 2023-24 - again a 3% rise on the year before. Total expenditure was £9.88m, down a fraction from £9.89m in 2022-23. Article continues below The report said the council provided £228,542 on top of the management fee in 2023-24 to help with increased energy and staff costs, rises in inflation, and cost-of-living pressures. Cllr Jeff Jones asked if there would be a point when the council would not have to pay a subsidy. Cllr Francis-Davies replied that this was never the intention but that expenditure had come down compared to when the council ran the facilities. He said: "I don't think we will ever get to zero [subsidy]." He also said some councils in England had been forced to close leisure centres. Tracey McNulty, Swansea's head of cultural services, parks, and cleansing, said the council had analysed costs and set an "affordability level" before inviting operators to bid for the contract. "We have an operator that we effectively pay to run these leisure centres but at a level that's way more affordable than we could have achieved," she said. The meeting heard that usage of the refurbished Cefn Hengoed Leisure Centre in Bonymaen, with its indoor sports pitch, had soared. Jeremy Rowe, Freedom Leisure operations director, said visitor numbers hit around 94,000 in 2024-25 compared to just over 33,500 in 2023-24. The indoor sports pitch at Cefn Hengoed Leisure Centre, Bonymaen (Image: Swansea Council ) Mr Rowe went on to say that not-for-profit Freedom Leisure had maintenance obligations as part of its 19.5-year contract with the council. There had been investment in new boilers, pumps, and solar panels, he said, to bring down energy costs, and some external grant funding had been secured. Ms McNulty said the council maintained a "sinking fund" - a pot of money kept aside for when significant work was needed. Cllr Chris Holley, panel convenor, asked Freedom Leisure for a breakdown in writing of what the management fee consisted of and for details of who was responsible for what in terms of repairs. Cllr Sue Jones asked if something could be done to deter dog owners who didn't pick up their pets' mess at the Freedom Leisure-operated Elba Sports Complex, Gowerton. According to Cllr Jones primary schoolchildren locally had designed signs asking owners to be responsible but Freedom Leisure didn't allow them to be put up. Article continues below Mr Rowe said he would welcome "interaction" with the school on the issue and could look at social media messaging and potentially a campaign. Cllr Francis-Davies said the minority of dog owners who didn't pick up after them was a problem across parks more widely. "Everybody knows that dog owners should pick up dog mess," he said.
Associated Press
30-04-2025
- Business
- Associated Press
ODAS Global Consulting LTD Launches New Associate Program Amid Rising Industry Trend in Network-Based Financial Services
ODAS Global Consulting LTD officially launches its new Associate Program, aligning with the growing global trend of network-based business models in the financial consulting sector. The program offers business professionals an opportunity to partner with a leading international consulting firm, benefiting from strategic resources. London, United Kingdom, April 30, 2025 -- In an era where financial services and consulting firms are increasingly embracing network-driven business models, ODAS Global Consulting LTD proudly announces the launch of its new Associate Program. This move positions ODAS among a growing number of companies adapting to modern trends in business development and strategic partnerships within the financial consulting sector. The launch aligns with a broader shift in the financial and consulting industries, where associate and partnership programs have become key strategies for global expansion and personalized client service. According to a recent report by Global Business Insight, over 40% of consulting and investment firms are leveraging associate-driven models to access new markets, increase operational flexibility, and foster deeper client relationships. ODAS Global Consulting LTD, an international leader in business consulting, financial advisory, investment structuring, and project development, recognizes that the landscape for professional services is evolving rapidly. The company specialises in business consultancy, financial structuring, Standby Letter of Credit (SBLC) and Letter of Credit (LC) issuance, investment advisory, project development, and strategic innovation services. ODAS is dedicated to empowering businesses with sustainable, client-focused solutions that drive growth and long-term success. Their Associate Program offers selected professionals the opportunity to collaborate within a dynamic, globally recognized platform, providing them access to a wide range of resources, strategic support, and innovative financial solutions. 'In today's interconnected global economy, building strong networks and partnerships is essential,' said Ionut Dragos Onescu, CEO of ODAS Global Consulting LTD. 'Our Associate Program is designed not just to extend our global footprint but to empower independent consultants, introducers, and business professionals with the tools they need to thrive in a competitive environment.' The initiative focuses on forging long-term, mutually beneficial partnerships, offering flexibility, autonomy, and the opportunity to represent a respected global brand. ODAS Global Consulting LTD remains committed to maintaining high ethical standards, offering personalized client solutions, and driving sustainable growth both for its associates and its clientele. This strategic development reflects how firms are responding to increased globalization, the demand for customized financial services, and the acceleration of digital transformation in the consulting and finance industries. To learn more about ODAS Global Consulting LTD's Associate Program and its impact on global consulting trends, visit our Associate Program website. Contact Info: Name: IONUT DRAGOS ONESCU Email: Send Email Organization: ODAS GLOBAL CONSULTING LTD Address: Dept 5667a 126 East Ferry Road, Canary Wharf, London, E14 9FP Phone: +447514013350 Website: Release ID: 89158750 In case of encountering any inaccuracies, problems, or queries arising from the content shared in this press release that necessitate action, or if you require assistance with a press release takedown, we urge you to notify us at [email protected] (it is important to note that this email is the authorized channel for such matters, sending multiple emails to multiple addresses does not necessarily help expedite your request). Our responsive team will be readily available to promptly address your concerns within 8 hours, resolving any identified issues diligently or guiding you through the necessary steps for removal. The provision of accurate and dependable information is our primary focus.
Yahoo
29-04-2025
- Business
- Yahoo
LendingClub: Q1 Earnings Snapshot
SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — LendingClub Corp. (LC) on Tuesday reported first-quarter profit of $11.7 million. On a per-share basis, the San Francisco-based company said it had profit of 10 cents. The results met Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of 10 cents per share. The company that connects borrowers and lenders online posted revenue of $217.7 million in the period, which beat Street forecasts. Five analysts surveyed by Zacks expected $214.5 million. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on LC at Sign in to access your portfolio
