Latest news with #MHK
Yahoo
5 days ago
- General
- Yahoo
Online portal for murder investigation information
Police leading a murder investigation have urged people to use an online portal to submit information. The Isle of Man Constabulary has confirmed a person died following "serious incident" in Ramsey on Thursday. The BBC understands the victim was a teenager. Emergency services were called to the Close Drean area shortly after 15:30 BST and the area remains cordoned off. The force has called for information, including imagery, to be sent directly to them via the portal. Chief Minster Alfred Cannan has urged people to follow the request from police "not to speculate or share any distressing material online". Local politicians have also shared their shock following the death in Ramsey Lawrie Hooper MHK said it was "awful news and devastating for our small community", while Alex Allinson MHK said: "Alex Allinson said: "Our close community need time to come to terms with what has happened in our town." Ramsey Town Commissioners released a statement asking people to "show respect by allowing the authorities to do their work and avoid speculating or spreading unconfirmed information". "At times like these, kindness, empathy and sensitivity matter most", the board's chairman Alby Oldham said. Read more stories from the Isle of Man on the BBC, watch BBC North West Tonight on BBC iPlayer and follow BBC Isle of Man on Facebook and X. Murder investigation launched after fatal incident Isle of Man Constabulary online portal
Yahoo
20-05-2025
- Business
- Yahoo
2 S&P 500 Stocks on Our Buy List and 1 to Steer Clear Of
While the S&P 500 (^GSPC) includes industry leaders, not every stock in the index is a winner. Some companies are past their prime, weighed down by poor execution, weak financials, or structural headwinds. Picking the right S&P 500 stocks requires more than just buying big names, and that's where StockStory comes in. That said, here are two S&P 500 stocks positioned to outperform and one best left off your watchlist. Market Cap: $6.76 billion Established in 1878, Mohawk Industries (NYSE:MHK) is a leading producer of floor-covering products for both residential and commercial applications. Why Do We Steer Clear of MHK? Absence of organic revenue growth over the past two years suggests it may have to lean into acquisitions to drive its expansion Below-average returns on capital indicate management struggled to find compelling investment opportunities, and its shrinking returns suggest its past profit sources are losing steam Waning returns on capital from an already weak starting point displays the inefficacy of management's past and current investment decisions Mohawk Industries's stock price of $108.17 implies a valuation ratio of 10.6x forward P/E. If you're considering MHK for your portfolio, see our FREE research report to learn more. Market Cap: $70.49 billion Born from a desire to offer quick meals with fresh, flavorful ingredients, Chipotle (NYSE:CMG) is a fast-food chain known for its healthy, Mexican-inspired cuisine and customizable dishes. Why Are We Backing CMG? Aggressive strategy of rolling out new restaurants to gobble up whitespace is prudent given its same-store sales growth Same-store sales growth averaged 6.2% over the past two years, showing it's bringing new and repeat diners into its restaurants Enormous revenue base of $11.49 billion provides significant leverage in supplier negotiations Chipotle is trading at $51.85 per share, or 39.9x forward P/E. Is now the right time to buy? See for yourself in our in-depth research report, it's free. Market Cap: $27.54 billion Founded in Silicon Valley in 1993 and known for its modular "building block" approach to server design, Super Micro Computer (NASDAQ:SMCI) designs and manufactures high-performance, energy-efficient server and storage systems for data centers, cloud computing, AI, and edge computing applications. Why Are We Bullish on SMCI? Impressive 81.1% annual revenue growth over the last two years indicates it's winning market share this cycle Massive revenue base of $21.57 billion makes it a well-known name that influences purchasing decisions Improving returns on capital reflect management's ability to monetize investments At $44.45 per share, Super Micro trades at 15x forward P/E. Is now the time to initiate a position? Find out in our full research report, it's free. Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like 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-micro-cap company Tecnoglass (+1,754% five-year return). Find your next big winner with StockStory today for free.
Yahoo
16-05-2025
- Business
- Yahoo
MHK Q1 Earnings Call: Tariffs, Cost Actions, and Demand Weakness Shape Outlook
Flooring manufacturer Mohawk Industries (NYSE:MHK) missed Wall Street's revenue expectations in Q1 CY2025, with sales falling 5.7% year on year to $2.53 billion. Its non-GAAP profit of $1.52 per share was 8.2% above analysts' consensus estimates. Is now the time to buy MHK? Find out in our full research report (it's free). Revenue: $2.53 billion vs analyst estimates of $2.55 billion (5.7% year-on-year decline, 0.9% miss) Adjusted EPS: $1.52 vs analyst estimates of $1.41 (8.2% beat) Adjusted EBITDA: $267.9 million vs analyst estimates of $269.9 million (10.6% margin, 0.7% miss) Adjusted EPS guidance for Q2 CY2025 is $2.57 at the midpoint, below analyst estimates of $2.80 Operating Margin: 3.8%, down from 5.5% in the same quarter last year Free Cash Flow was -$85.4 million, down from $96.9 million in the same quarter last year Organic Revenue fell 2.5% year on year (-4.8% in the same quarter last year) Market Capitalization: $6.74 billion Mohawk Industries' first quarter was marked by ongoing softness in flooring demand, with management pointing to persistent challenges in residential remodeling, inflationary pressures, and the negative impact of new tariffs on imported flooring products. CEO Jeff Lorberbaum attributed the quarter's operating results to productivity gains and restructuring efforts, which helped partially offset weaker sales volumes and higher input costs. He noted, 'Our premium collections and differentiated products launched in 2024 generated above-market results,' but also highlighted ongoing pricing pressure and the strategic need to adapt to shifting consumer confidence and trade policy changes. Management focused on navigating a volatile marketplace through a mix of operational improvements and strategic repositioning, as well as highlighting the impact of external pressures like tariffs and input costs. Tariff Impact and Response: Management addressed new U.S. tariffs on Chinese flooring imports, estimating an annualized $50 million cost impact. The company has begun raising prices and adjusting supply chains, with CFO James Brunk stating that the timing of cost increases will depend on inventory turnover and anticipates the bulk of the impact in the second half of the year. Domestic Manufacturing Advantage: With much of its production based in the U.S. and Mexico, Mohawk expects to benefit relative to competitors facing higher tariffs on imports. Management plans to optimize internal capacity to offset potential cost disadvantages and to shift sourcing where possible. Restructuring and Cost Reductions: Ongoing restructuring initiatives are expected to yield $100 million in annualized savings. Management emphasized continued efforts to improve productivity and simplify operations, seeking further opportunities for cost containment as demand remains subdued. Commercial Channel Outperformance: The commercial segment, particularly in North America, showed resilience compared to residential remodeling, which management described as the lowest sector. Investments in commercial-focused products and accelerated launches have contributed to this relative strength. Product Mix and Pricing Strategy: Selective price increases were implemented in higher-value product categories, such as premium ceramic and laminate flooring. Management highlighted the role of product mix improvements—favoring premium and commercial lines—in supporting margins, despite overall competitive pricing pressure and low industry capacity utilization. Looking ahead, management expects external headwinds—including tariffs, inflation, and weak housing turnover—to remain significant, but is banking on cost actions, pricing initiatives, and selective investments to stabilize profitability. Tariff Pass-Through and Supply Chain Shifts: The company is seeking to offset the $50 million tariff cost through price increases and by maximizing domestic manufacturing. Management believes industry-wide price adjustments will occur as tariffs are passed through the market. Restructuring Benefits and Productivity Gains: Restructuring actions are planned to deliver $70 million in additional savings in the coming quarters. Management expects ongoing productivity initiatives to help cushion margin pressure from rising input costs. Macro and Housing Recovery Uncertainty: Future results hinge on stabilization in consumer confidence, interest rates, and housing activity. Management cited possible tailwinds from lower energy costs and potential interest rate cuts, but noted that visibility remains low given broader economic volatility. John Lovallo (UBS): Asked about the timing and cost split of tariff impacts. Management explained the bulk will be felt in late Q3 and Q4, with price increases and supply adjustments underway. Matthew Bouley (Barclays): Pressed on balancing price increases with a promotional market. CEO Jeff Lorberbaum said tariffs should be passed through as higher prices, but acknowledged ongoing pricing pressure in a low-demand environment. Rafe Jadrosich (Bank of America): Questioned the ability to grow earnings despite tariffs. Management reiterated plans to offset tariff costs with pricing and restructuring, but noted results depend on economic stabilization. Collin Verron (Deutsche Bank): Sought clarification on growth drivers in Flooring North America. Management noted commercial outperformance and differentiated product launches, while residential remodeling remained weak. Keith Hughes (Truist): Asked about the sustainability of positive price mix in key segments. Management cited premium product strength and channel mix shifts, especially the resilience of the commercial business. In future quarters, the StockStory team will be monitoring (1) the effectiveness of Mohawk's tariff-related price increases and supply chain realignment, (2) the realization of targeted restructuring and productivity savings, and (3) trends in commercial versus residential demand, particularly as interest rates and consumer confidence evolve. Additional focus will be on inventory management and evidence of any recovery in housing-related spending. Mohawk Industries currently trades at a forward P/E ratio of 10.6×. Should you double down or take your chips? 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. 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
14-05-2025
- Business
- Yahoo
Onshore wind farm project within budget
The initial costs of an onshore wind farm project have been higher than expected but the scheme is still within budget, the chairman of Manx Utilities has said. John Wannenburgh MHK confirmed £3.14m had so far been spent on "predevelopment costs" for the Cair Vie project at Earystane and Scard in the south of the Isle of Man. Although "additional survey work" was required after environmental scoping feedback, the government-owned firm believed the plan remained "financially viable", he said. Concerns were raised about "rising costs" in the House of Keys on Tuesday, with calls for the project to be scrapped or moved to another site. The proposed plans, which would see up to five turbines built in the area able to deliver a quarter of the island's annual electricity needs, are part of the government's commitment to decarbonise the island's energy supply by 2030. There were calls by Chris Thomas MHK for the scheme to be moved as the current £40m projected cost was in line with that outlined previously for a scheme at Sulby and Druidale in the north of the island. Jason Moorhouse MHK questioned if the cost of the project had "almost doubled" when compared to paperwork issued by Manx Utilities in July 2023 that put the price of the scheme at £23.5m. In response, Wannenburgh said that lower figure had been the "indicative" price of the components needed at the time, but not the full cost of the overall project. He said predevelopment costs for onshore wind farms were typically 10% to 15% of the overall spend. That had so far covered ecological surveys, feasibility work, consultants, project management and network connection investigations, he said. It had also involved engaging with stakeholders, and the additional ecological surveys, which were underway following feedback on the environmental scoping report. The £40m overall figure was "consistent" with the original costs outlined by Manx Utilities in July 2023 and it would be "irresponsible" to stop the process and relocate, he said. "We must see the process though from where it is, and we will make final decisions when the final environmental impact assessment is reported," he added. Read more stories from the Isle of Man on the BBC, watch BBC North West Tonight on BBC iPlayer and follow BBC Isle of Man on Facebook and X. Renewed call for rethink over onshore wind farm Wildlife surveys begin on onshore wind farm plans New ferry terminal opens its doors Fears raised for wildlife over onshore wind farm Concerns raised at southern wind farm meeting Plans for onshore wind farm in south to progress Wind farm project likely to cost about £40m Manx Utilities - Cair Vie onshore wind farm project Tynwald - House of Keys
Yahoo
03-05-2025
- Business
- Yahoo
WisdomTree Inc (WT) Q1 2025 Earnings Call Highlights: Record AUM and Strong Net Inflows Amid ...
Assets Under Management (AUM): Record AUM of $115.8 billion, up 5.5% from the prior quarter. Net Inflows: $3 billion, reflecting an annualized organic growth rate of 11%. Revenue: $108 million for the quarter, 11.6% higher than the same period last year. Adjusted Net Income: $23 million or $0.16 per share. European Defence Fund Inflows: $770 million in Q1, with over $1.4 billion in net inflows year-to-date. Model Portfolios Assets Under Administration (AUA): $4 billion, up 4% to date. Tokenized Products Flows: Over $100 million in flows year-to-date. Client Growth: On track to grow the total number of clients using WisdomTree products by 4% this year. Warning! GuruFocus has detected 6 Warning Signs with MHK. Release Date: May 02, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. WisdomTree Inc (NYSE:WT) achieved record assets under management (AUM) of $115.8 billion, marking a 5.5% increase from the previous quarter. The company reported net inflows of $3 billion, reflecting an annualized organic growth rate of 11%, with significant contributions from both US and European markets. The launch of the WisdomTree European Defence Fund was highly successful, attracting $770 million in Q1 and over $700 million in April, making it one of the most successful launches in the company's history. WisdomTree's model portfolios business showed strong performance with assets under advisement (AUA) reaching $4 billion, reflecting a nearly 20% annualized organic growth rate. The company is expanding its digital assets presence, with WisdomTree Prime and WisdomTree Connect gaining traction, and plans to enable on-chain transfers for users in the coming months. Revenue for the quarter was $108 million, slightly down from the previous quarter due to fewer trading days and lower average fee capture. Adjusted net income was impacted by seasonal compensation expenses, including payroll taxes and year-end bonuses. The market environment remains volatile, which could pose challenges for maintaining growth momentum. The regulatory environment for digital assets in the US remains restrictive, limiting the company's ability to expand its crypto offerings domestically. Despite the success of new fund launches, the company faces ongoing competition and pressure to innovate in a rapidly evolving market. Q: Can you provide more details about the on and off-ramp opportunities for WisdomTree Prime and the expected rollout timeline? A: Bryan Edmiston, CFO, explained that the on and off-ramps are crucial for interacting with stablecoins and other crypto assets. They plan to roll out these features over the summer, with a more extensive rollout in September, which will allow them to target the crypto-native community more effectively. Q: Are there any anticipated partner announcements related to WisdomTree Prime in September? A: Bryan Edmiston stated that while they are in discussions with potential partners and have seen early success with $100 million in flows through partner relationships, there are no specific forecasts or announcements planned for partnerships at this time. Q: How is AI being deployed at WisdomTree, and what impacts are expected? A: R. Jarrett Lilien, President and COO, mentioned that AI is being used across the company to enhance customer experience, growth, efficiency, and decision-making. They are seeing results in various departments, including sales, research, marketing, tech, and legal, aiming to improve performance and speed. Q: Can you update us on the development of your crypto funds and digital assets over the next year or two? A: Jeremy Schwartz, Global Chief Investment Officer, highlighted that in Europe, they have launched a broad 20-coin basket product with significant early capital. In the US, they are focusing on Bitcoin and exploring more offerings as the regulatory environment evolves. They are also excited about the synergy between crypto ETPs and tokenization. Q: How does the pipeline look for new ETFs? A: Jonathan Steinberg, CEO, mentioned that while they can't discuss specifics, they are continuously expanding their product offerings, focusing on themes like the European Defence Fund. They are excited about their diversified product range and its resilience in the current market. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
