Latest news with #PGW
CBS News
30-06-2025
- CBS News
Deadly explosion in Philadelphia's Nicetown neighborhood could be gas-fueled, source says
There's still a long way to go before determining what caused the deadly explosion in Philadelphia's Nicetown neighborhood Sunday morning. Before investigators can begin to look for clues as to what caused the Sunday morning blast, the city's Department of Licenses and Inspections must clear the site to ensure it's safe enough for fire marshals to investigate. Pipeline safety expert Richard Kuprewicz says explosions of this magnitude, which damage several homes, are often fueled by gas. A source tells CBS News Philadelphia that state investigators are looking at this as a possible cause. There have been at least two other rowhome explosions in Philadelphia in the last six years. "You know, some of the gas lines, especially in Pennsylvania, are of a material that doesn't handle aging well, like cast iron," Kuprewicz said. In 2019, a multi-house explosion in South Philly left two people dead. Years later, state investigators said it was caused by a cracked underground gas pipe due to unstable soil caused by water leaks and excavations to repair nearby pipes. The investigation found that Philadelphia Gas Works failed to adequately monitor pipeline maintenance and replace or repair the unsafe portion of the pipe. PGW did not admit fault and cited concerns over unlicensed plumbing contractors. In 2023, in Port Richmond, there was another similar scene when a rowhome explosion injured several people. That time, state investigators did not find any evidence that public utility equipment caused the blast. "Mainly, the flammable gas comes together in such a manner that it has the fuel, it has the oxygen, in the right level of oxygen concentration that can occur in a confined area, and then it needs an ignition source and that can be a spark, could be a fire, or static electricity," Kuprewicz said. State investigators from the Public Utilities Commission have been on-site since Sunday, working alongside the fire department and other agencies, including PGW. The National Transportation Safety Board is also gathering information, a standard practice for the bureau. As of now, the NTSB has not opened an investigation.
Yahoo
30-06-2025
- Business
- Yahoo
Returns On Capital At PGG Wrightson (NZSE:PGW) Have Hit The Brakes
What trends should we look for it we want to identify stocks that can multiply in value over the long term? One common approach is to try and find a company with returns on capital employed (ROCE) that are increasing, in conjunction with a growing amount of capital employed. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. In light of that, when we looked at PGG Wrightson (NZSE:PGW) and its ROCE trend, we weren't exactly thrilled. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. For those that aren't sure what ROCE is, it measures the amount of pre-tax profits a company can generate from the capital employed in its business. Analysts use this formula to calculate it for PGG Wrightson: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.054 = NZ$20m ÷ (NZ$660m - NZ$296m) (Based on the trailing twelve months to December 2024). So, PGG Wrightson has an ROCE of 5.4%. Ultimately, that's a low return and it under-performs the Food industry average of 9.6%. Check out our latest analysis for PGG Wrightson While the past is not representative of the future, it can be helpful to know how a company has performed historically, which is why we have this chart above. If you want to delve into the historical earnings , check out these free graphs detailing revenue and cash flow performance of PGG Wrightson. In terms of PGG Wrightson's historical ROCE trend, it doesn't exactly demand attention. Over the past five years, ROCE has remained relatively flat at around 5.4% and the business has deployed 24% more capital into its operations. This poor ROCE doesn't inspire confidence right now, and with the increase in capital employed, it's evident that the business isn't deploying the funds into high return investments. Another thing to note, PGG Wrightson has a high ratio of current liabilities to total assets of 45%. This effectively means that suppliers (or short-term creditors) are funding a large portion of the business, so just be aware that this can introduce some elements of risk. Ideally we'd like to see this reduce as that would mean fewer obligations bearing risks. In conclusion, PGG Wrightson has been investing more capital into the business, but returns on that capital haven't increased. Additionally, the stock's total return to shareholders over the last five years has been flat, which isn't too surprising. On the whole, we aren't too inspired by the underlying trends and we think there may be better chances of finding a multi-bagger elsewhere. If you'd like to know more about PGG Wrightson, we've spotted 3 warning signs, and 2 of them make us uncomfortable. While PGG Wrightson may not currently earn the highest returns, we've compiled a list of companies that currently earn more than 25% return on equity. Check out this free list here. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. 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
Business Wire
17-06-2025
- Automotive
- Business Wire
PGW Auto Glass Unveils New Ordering Website
CRANBERRY TOWNSHIP, Pa.--(BUSINESS WIRE)--PGW Auto Glass is proud to announce the launch of its newly designed ordering website, offering customers a seamless and efficient purchasing experience. The new platform features a sleek, modern design and offers the most comprehensive information and functionality in the industry, all aimed at saving time and money while revolutionizing the auto glass buying experience. 'PGW's new website is a testament to PGW's industry leadership and longstanding desire to support its installer base with advanced technology and the best tools available, allowing their businesses to grow,' said Todd Fencak, CEO of PGW Auto Glass. 'The new site is live and available to our entire customer base as well as new customers looking for a great experience with dependable order fulfillment.' Highlights of the new platform include a fast and simple ordering process utilizing an auto-suggest functionality to quickly find the exact part needed, providing detailed part information with pictures and videos, dealer part numbers, and calibration requirements for easy and accurate identification. The platform also boasts enhanced search features and account updates, providing users the ability to track outstanding orders and returns and download receipts, orders, and credits. The new website is now live, and PGW invites users to explore the platform and discover all the features designed to streamline the auto glass purchasing process at About PGW Auto Glass PGW Auto Glass ( is a leading distributor of automotive replacement glass, specialty parts, shop accessories and business technology solutions in North America, with more than 150 distribution branches throughout the U.S. and Canada. Offering same-day and overnight deliveries, PGW Auto Glass serves OEM dealerships, collision repair shops and automotive glass installers. PGW Auto Glass also provides a cost-effective, comprehensive business technology solution, with a suite of features designed to help retail glass installers succeed. PGW Auto Glass is a portfolio company of One Equity Partners, a leading middle market private equity firm with approximately $10 billion in assets under management focused on transformative combinations within the industrial, healthcare and technology sectors in North America and Europe.
The Star
29-05-2025
- Automotive
- The Star
Tesla to deliver first self-driving Model Y car in June, Musk says
The Tesla logo is seen on a car at the Paris Games Week (PGW), a trade fair for video games in Paris, France, October 27, 2024. REUTERS/Sarah Meyssonnier/File Photo
The Star
09-05-2025
- The Star
Kulai retiree loses more than RM100,000 to investment scam
KULAI: A retiree here claims to have lost RM102,000 after being cheated by a syndicate into joining a non-existent investment scheme. Kulai OCPD Asst Comm Tan Seng Lee said the 63-year-old woman was attracted to the profit of between 10% and 20% within three days after investing in the scheme. 'She was promised that the profit will be credited into her 'Philip Global Wraps (PGW)' account,'' he said in a statement Friday (May 9). ACP Tan said the victim made eight transactions amounting to RM102,000 into a single local bank account between March 19 and April 23, this year. He said upon completing the transactions, the victim checked her PGW account and found that she had made a profit of RM170,000 as displayed on the screen. 'She wanted to withdraw the profit but was instructed to bank in an additional amount of RM40,000,'' added ACP Tan. He said that the victim only realised she was cheated after failing to withdraw the sum and lodged a police report on Thursday (May 8). The case is being investigated under Section 420 of the Penal Code. ACP Tan reminded the public to be alert and careful especially in matters involving financial transactions when dealing with unknown persons. The public can also can go to Semak Mule, CCID Scam Response Centre at 03-2610 1559 or 03-2610 1599 or visit the Facebook pages at or Scam victims are also advised to call the National Scam Response Centre at 997 to report their case.
