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Business Wire
06-05-2025
- Automotive
- Business Wire
Sigma Partners with Snowflake to Deliver Automotive Solutions for the AI Data Cloud
SAN FRANCISCO--(BUSINESS WIRE)--Sigma, the industry-leading analytics platform with unique cloud data platform writeback capabilities, today announced it has partnered with Snowflake to deliver automotive-specific solutions through the AI Data Cloud. Snowflake and Sigma are enabling automotive manufacturers, suppliers, and more to accelerate their digital transformation and unlock new revenue streams amidst unprecedented technological disruption. As the automotive industry looks to become more data-driven, Sigma is helping industry leaders transform business operations to eliminate data silos and manage connected vehicle data more effectively through advanced analytics, real-time connected vehicle insights, and secure data collaboration. 'The automotive industry is undergoing the most profound transformation in its history. To compete, OEMs must evolve from traditional mechanical manufacturers into data-driven software companies,' said Mike Palmer, CEO of Sigma. Share 'The automotive industry is undergoing the most profound transformation in its history. To compete, OEMs must evolve from traditional mechanical manufacturers into data-driven software companies,' said Mike Palmer, CEO of Sigma. 'Sigma and Snowflake are helping power that shift. By streaming real-time OT data into Snowflake and analyzing it in Sigma, manufacturers can instantly compute and drill into metrics—from company-wide KPIs to insights at the machine level—without the trade-offs of pre-aggregation or siloed systems. And with Sigma's data apps capabilities, users can automate workflows, take actions, and reduce friction in data collaboration, all within an accessible, secure environment. It's a unified, AI-powered interface built for speed, scale, and clarity.' Sigma and Snowflake, the AI Data Cloud company, provide automotive manufacturers, suppliers, dealers, and fleet managers with the tools they need to enact data-driven decisions based on the massive influx of data generated across their ecosystems without sacrificing security or governance standards. Together, automotive manufacturers can more efficiently reduce errors and identify systemic issues in manufacturing, improving quality, customer satisfaction, and overall process improvement. Through this collaboration, joint customers across the automotive manufacturing space have the technology capabilities to: Unlock Factory Floor Insights with AI: Ingest high-volume operational technology data from the factory floor at scale and analyze it using Snowflake Cortex with Sigma. Provide manufacturers and business leaders with an easy-to-understand natural language interface to ask real-time questions about Overall Equipment Effectiveness (OEE) and production metrics, accelerating decisions and driving operational improvements without the need for complex technical workflows. Integrate Data and Connect Silos Across the Automotive Lifecycle: Enable seamless data sharing across design systems, production environments, connected vehicles, service operations, and warranty systems to provide a holistic view of vehicle performance and customer experience. Accelerate development cycles, reduce operational costs, and deliver enhanced services by breaking down barriers between business units, systems, clouds, and partners. Leverage a Scalable and Performant Platform for Connected Vehicle Data: Support the massive data volumes generated by software-defined and autonomous vehicles with an architecture designed for high-resolution sensor and camera data. Decouple storage from compute to efficiently manage exponential growth while maintaining performance. Consolidate all vehicle streams into a single platform that scales without compromising accessibility or insights. Drive New Revenue Opportunities Through Data Monetization and Enhanced Customer Experiences: Create new revenue streams by securely sharing and monetizing automotive data products through Snowflake Marketplace. Gain a comprehensive view of customer interactions across all touchpoints to deliver personalized experiences and services. Enable secure collaboration with ecosystem partners while maintaining strict privacy controls and compliance. Optimize Supply Chain Resilience and Operational Efficiency: Gain real-time visibility across suppliers, inventory systems, and logistics partners to mitigate disruptions and reduce costs. Improve demand forecasting accuracy, minimize stockouts, and reduce excess inventory. Transform fragmented information systems into a unified platform that accelerates time to market and enables collaborative, data-driven decision-making. 'This launch aims to support our increasing number of automotive industry clients who are embracing key trends like autonomous driving technologies, electric vehicle innovation, and connected car ecosystems," said Tim Long, Snowflake Global Head of Manufacturing. "In this initiative, Sigma plays a vital role as a strategic partner. Our combined platform and solutions enable customers to unify their data, eliminate organizational barriers, and create new revenue streams. This collaboration helps businesses accelerate AI and ML innovation while improving operational efficiency, all within a secure and well-governed framework." For more information on Sigma and Snowflake, visit: About Sigma Sigma is business intelligence built for the cloud. With a spreadsheet UI, business users can work in the formulas and functions they already know, while more technical users can write SQL and apply AI models to data. Sigma queries the cloud warehouse directly, making it incredibly fast and secure—data never leaves the warehouse, and Sigma can analyze billions of rows in seconds. Beyond dashboards and reports, teams use Sigma to build custom data apps, which integrate live data with end-user input. Sigma is the first analytics platform to enable data writeback, and continues to lead the market with innovation across AI, reporting, and embedded analytics.
Yahoo
29-04-2025
- Business
- Yahoo
Radix to showcase AI driven Digital transformation for the Pulp and Paper Industry at TAPPICON 2025
The company will demonstrate strategies of GenAI application and accelerated adoption of new digital tools for Operational excellence and cost savings Radix to showcase AI driven Digital transformation for the Pulp and Paper Industry at TAPPICON 2025 HOUSTON, April 29, 2025 (GLOBE NEWSWIRE) -- Radix, a technology services company delivering innovative industrial solutions to asset-intensive industries, will attend the TAPPICON 2025 Conference at the Minneapolis Convention Center, from May 4 to May 7, 2025. For the past three years, Radix has actively participated at TAPPICON, supporting the growth and development of the Pulp and Paper industry. This year, the Radix team will step up to share insights that enable collaboration, education and elevate innovation and action. André Furtado, Digital Transformation Expert at Radix who will present a couple of success stories commented: 'We're excited to connect and collaborate with the industry leaders and experts sharing our insights into process improvement and optimization that boost productivity and reduce cost. In essence, insights that Radix can help elevate operational excellence at scale through data-driven, measurable solutions that have the buy-in of both the stakeholders and day to day users." 'The Radix team will share how digital transformation and data analytics are driving measurable improvements in ways that were previously unattainable. Unlocking these insights could elevate operational excellence and enhance workplace safety for asset-intensive industries like pulp, paper and tissue,' Robert Bustin, Pulp & Paper Industry Specialist at Radix added. Andre and Robert will share insightful presentations that can inspire and elevate the dialogue: 'Change Management in Digital Transformation: Key Strategies for Successful Implementation' – André Furtado 'Leveraging GenAI for Enhanced Plant Performance: An OEE Case Study' – André Furtado 'The Path to Optimized Asset Performance Management: A Comprehensive Framework" – André Furtado 'Enhancing Workplace Safety with Computer Vision: Real-Time Monitoring and PPE Compliance" – Robert Bustin 'How Can the Management of Critical Assets in the Pulp and Paper Industry Be Transformed Through Predictive Maintenance and Proactive Anomaly Detection Using PIMS to Enhance Planning and Ensure OEE? ' – André Furtado The Radix's team including Simon Sierra, Business Development Manager for Manufacturing looks forward to engaging and build strong relationships by welcoming you to the presentations or the Radix Booth #324. For more information, visit RADIX | TAPPICON 2025. About Radix Founded in 2010, Radix is a privately held technology solutions company providing consulting, engineering, operations technology, and data and software technology solutions globally. Radix combines key capabilities and practices to empower customers to thrive along their digital transformation journey. Radix provides technology-based, data-driven solutions to industrial and non-industrial companies worldwide. Radix has experience leading projects in more than 30 countries. It has more than 1,800+ employees around the globe, with North American headquarters in Houston, Texas, main headquarters in Rio de Janeiro, additional offices in Sao Paulo and Belo Horizonte, and a presence in Singapore and Amsterdam. To learn more, visit For more information:Citalouise Geiggar, A photo accompanying this announcement is available at in to access your portfolio
Yahoo
24-04-2025
- Business
- Yahoo
MMM Q1 Earnings Call: Revenue Exceeds Expectations Amid Tariff Uncertainty and Operating Improvements
Industrial conglomerate 3M (NYSE:MMM) reported Q1 CY2025 results beating Wall Street's revenue expectations , but sales fell by 1% year on year to $5.95 billion. Its non-GAAP profit of $1.88 per share was 6.4% above analysts' consensus estimates. Is now the time to buy MMM? Find out in our full research report (it's free). Revenue: $5.95 billion vs analyst estimates of $5.69 billion (1% year-on-year decline, 4.6% beat) Adjusted EPS: $1.88 vs analyst estimates of $1.77 (6.4% beat) Adjusted EBITDA: $1.65 billion vs analyst estimates of $1.6 billion (27.7% margin, 3.2% beat) Management reiterated its full-year Adjusted EPS guidance of $7.75 at the midpoint Operating Margin: 20.9%, up from 19.1% in the same quarter last year Free Cash Flow Margin: 8.2%, down from 13.8% in the same quarter last year Organic Revenue rose 1.5% year on year, in line with the same quarter last year Market Capitalization: $73.22 billion 3M's first quarter results were shaped by operational improvements and a continued focus on commercial excellence. Management pointed to higher productivity, cost discipline, and a faster pace of new product launches as key factors underpinning year-over-year margin expansion, despite a slight decline in sales compared to the same period last year. CEO Bill Brown explained, 'We launched 62 new products in Q1, up about 60% year on year, and achieved more than 70% on-time launch attainment.' Looking ahead, management maintained its full-year adjusted earnings guidance, but flagged a softer global macroeconomic environment and escalating tariffs as headwinds. CFO Anurag Maheshwari noted, "We are not flowing through the upside in our Q1 results to our full-year outlook given the uncertain macro environment with recent data reflecting some softening in GDP, IPI, and global auto build." The company is working on multiple mitigation measures, including supply chain adjustments and selective price increases, but expects the net impact of tariffs to weigh on second-half results. 3M's leadership highlighted several major factors impacting results and provided insight into ongoing operational changes and market trends: New Product Launch Acceleration: The company launched 62 new products during the quarter, representing a 60% increase from the prior year, with management emphasizing that new product sales are on track to grow more than 15% by year-end. This uptick is seen as a key driver for future growth. Commercial Excellence Initiatives: Management described progress in sales processes, including tripling structured sales reviews and deploying predictive analytics to reduce customer churn. More than 100 joint business plans were completed with large customers to better align on growth opportunities. Operational Performance Gains: Notable improvements were made in on-time delivery (OTIF) and equipment utilization (OEE), which management believes will help offset some volatility in demand and supply chain disruptions. OTIF reached its highest level in five years, while equipment utilization expanded to cover 50% of production volume. End Market Performance Divergence: Growth in industrial adhesives, aerospace, and electrical markets helped offset ongoing softness in automotive and certain consumer categories. The management team noted particular strength in China, driven by industrial and electronics demand, while Europe remained weak due to declining auto builds. Tariff and Trade Policy Response: The company is actively adjusting sourcing, logistics, and pricing strategies to mitigate new U.S.-China tariffs. Management estimates a potential $850 million annualized tariff impact, with mitigation efforts expected to partially offset this headwind in 2025. Management's outlook for the rest of the year centers on balancing growth initiatives with proactive risk management, especially in light of macroeconomic uncertainty and trade policy changes. Tariff Mitigation and Supply Chain Adjustments: The company is pursuing a combination of supply chain reconfiguration, localizing production, and selective pricing actions to offset tariff-related costs. Management expects roughly half of the full-year tariff impact to materialize in the second half. Growth from New Product Pipeline: Sustained investment in research and development, as well as a goal to launch 1,000 new products over three years, are central to driving above-market growth. Progress in cross-selling initiatives and customer retention is also expected to support organic revenue. Exposure to Macroeconomic Volatility: Management acknowledged that slower global economic growth, particularly in automotive and electronics, could weigh on results. The company is monitoring market conditions closely and may adjust investment levels or operational priorities as needed. Jeff Sprague (Vertical Research Partners): Asked if recent order strength was due to pre-buying ahead of tariffs; CEO Bill Brown stated only about $10 million shifted from Q2 into Q1, mostly in China, and that industrial order rates remained steady in April. Scott Davis (Melius Research): Questioned 3M's relative exposure to tariffs versus competitors; Brown replied that the company's flexible manufacturing footprint may provide some advantage, though effects will vary by business and region. Julian Mitchell (Barclays): Sought clarification on organic growth expectations by segment; CFO Anurag Maheshwari explained that industrial strength should persist while electronics and auto are likely to remain soft, with balanced growth expected through the year. Andrew Oben (Bank of America): Asked if tariff-driven price changes could hurt demand; management responded that pricing actions are being implemented strategically and in consultation with customers, with minimal demand destruction anticipated. Joe O'Dea (Wells Fargo): Probed whether imports from China for the consumer segment would be paused in light of tariffs; management confirmed that no such pauses are planned and that mitigation strategies are being developed. In upcoming quarters, the StockStory team will be focused on (1) the effectiveness of 3M's tariff mitigation strategies and whether the company can limit the financial impact of new trade policies, (2) the pace of new product introductions and whether these efforts translate into sustained organic revenue growth, and (3) the resilience of order rates in the industrial segment in the face of a softer macroeconomic backdrop. Execution on operational improvements and maintaining commercial momentum will also be key indicators to watch. In the wake of earnings, is MMM a buy or sell? The answer lies 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 6 Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 175% over the last five years. Stocks that made our list in 2019 include now familiar names such as Nvidia (+2,183% between December 2019 and December 2024) as well as under-the-radar businesses like Sterling Infrastructure (+1,096% five-year return). Find your next big winner with StockStory today. Sign in to access your portfolio
Yahoo
18-02-2025
- Entertainment
- Yahoo
Iain Glen War Drama ‘The Last Front' Sells To U.S., UK, Australia — EFM
EXCLUSIVE: Odin's Eye Entertainment (OEE) has locked distribution deals to the World War II drama The Last Front in multiple territories. The film, which stars Iain Glen (Game of Thrones) and Sasha Luss (Anna), has been acquired by Quiver Distribution for the United States, Altitude Film Distribution for the United Kingdom, Rialto Distribution for Australia and New Zealand, Falcon Films for the Middle East and North Africa (MENA), and Tiberius Film for German-speaking Europe. The film previously had limited releases in the U.S. and UK. More from Deadline ITN Acquires 'Joe Baby' Starring Dichen Lachman, Willa Fitzgerald, Ron Perlman & Harvey Keitel - EFM Nu Boyana & Free Dolphin Ready Slate, Including 'Velvet Curtain' & 'Murder High' - EFM 'Red Sonja' Reboot Gets UK Deal & Is Planned For Release "Later This Year" Directed by Julien Hayet-Kerknawi, The Last Front is described as a powerful retelling of true events from Belgium's wartime resistance, centering on a father who defends his village against an advancing Nazi regime. 'The strong response from distributors worldwide is a testament to the film's universal themes and gripping storytelling,' said Michael Favelle, CEO of Odin's Eye Entertainment. 'We are thrilled to be working with such esteemed partners to bring The Last Front to audiences around the globe.' Written by Hayet-Kerknawi and Kate Wood, the film also stars Sasha Luss (Anna), Joe Anderson (Across the Universe), Emma Dupont (Don't Tell Her), David Calder (Rush), and Julian Kostov (Shadow and Bone). Virginie Hayet produced. The deals were negotiated by Michael Favelle on behalf of Odin's Eye Entertainment with respective distribution partners. Best of Deadline 2025 Awards Season Calendar: Dates For Oscars, Spirits, Tonys, Guilds & More How To Watch Sunday's 'SNL50: The Anniversary Special' Online & On TV Everything We Know About Christopher Nolan's Next Film – 'The Odyssey': Release Date, Cast And More
