Latest news with #PeterLau
South China Morning Post
29-05-2025
- General
- South China Morning Post
Hong Kong superstar Romantic Warrior has screw inserted into injured leg
The world's highest-earning racehorse, Romantic Warrior, had a screw inserted into his injured left front leg on Wednesday, with the Jockey Club confirming the surgery was a success. Found to have a left fore fetlock injury in the lead-up to an intended welcome home ceremony last Sunday, the 10-time Group One winner is now back in his box at trainer Danny Shum Chap-shing's stables. 'Management options were discussed by the club's expert veterinarians and Romantic Warrior's owner [Peter Lau Pak-fai] and trainer, and a decision was made for the horse to undergo a veterinary procedure at the club's equine hospital in which a single screw was inserted under standing sedation and local anaesthesia. The procedure was performed without complication,' the Jockey Club said in a statement. Officials were forced to cancel last Sunday's ceremony for the globetrotting superstar after a screening found 'a very early detection of some potential changes in one of the horse's joints' following his demanding three-race campaign in the Middle East. '[Wednesday's] procedure followed a computerised tomography examination and a magnetic resonance imaging examination of his forelimbs performed on May 16 as part of a proactive health-screening process in accordance with the club's systematic procedures for ensuring the welfare of our racehorses. No lameness or other clinical signs were present prior to the screening examinations,' said the club statement. 'Romantic Warrior returned to his stable where he will be closely monitored by club veterinarians and stable personnel, supported by the world-class rehabilitation services that the club has developed.' No timeline has been provided on Romantic Warrior's return to the racetrack.
Yahoo
24-04-2025
- Business
- Yahoo
FARO (NASDAQ:FARO) Surprises With Strong Q1, Stock Jumps 13.6%
3D measurement and imaging company FARO (NASDAQ:FARO) reported Q1 CY2025 results exceeding the market's revenue expectations , but sales fell by 1.6% year on year to $82.86 million. The company expects next quarter's revenue to be around $83 million, close to analysts' estimates. Its non-GAAP profit of $0.33 per share was significantly above analysts' consensus estimates. Is now the time to buy FARO? Find out in our full research report. Revenue: $82.86 million vs analyst estimates of $80.25 million (1.6% year-on-year decline, 3.3% beat) Adjusted EPS: $0.33 vs analyst estimates of $0.16 (significant beat) Adjusted EBITDA: $12.47 million vs analyst estimates of $7.78 million (15% margin, 60.2% beat) Revenue Guidance for Q2 CY2025 is $83 million at the midpoint, roughly in line with what analysts were expecting Adjusted EPS guidance for Q2 CY2025 is $0.30 at the midpoint, above analyst estimates of $0.20 Operating Margin: 4.6%, up from -6.3% in the same quarter last year Free Cash Flow Margin: 2.7%, down from 6.2% in the same quarter last year Market Capitalization: $507.6 million 'We're very pleased with our strong start to the year, with our first quarter financial results exceeding our expectations and reflecting the successful execution of our strategic growth initiatives,' said Peter Lau, President & Chief Executive Officer. Launched by two PhD students in a garage, FARO (NASDAQ:FARO) provides 3D measurement and imaging systems for the manufacturing, construction, engineering, and public safety industries. Measurement and inspection instrument companies may enjoy more steady demand because products such as water meters are non-discretionary and mandated for replacement at predictable intervals. In the last decade, digitization and data collection have driven innovation in the space, leading to incremental sales. But like the broader industrials sector, measurement and inspection instrument companies are at the whim of economic cycles. Interest rates, for example, can greatly impact civil, commercial, and residential construction projects that drive demand. Examining a company's long-term performance can provide clues about its quality. Any business can experience short-term success, but top-performing ones enjoy sustained growth for years. FARO struggled to consistently generate demand over the last five years as its sales dropped at a 1.5% annual rate. This was below our standards and is a sign of lacking business quality. Long-term growth is the most important, but within industrials, a half-decade historical view may miss new industry trends or demand cycles. FARO's annualized revenue declines of 1.9% over the last two years align with its five-year trend, suggesting its demand has consistently shrunk. This quarter, FARO's revenue fell by 1.6% year on year to $82.86 million but beat Wall Street's estimates by 3.3%. Company management is currently guiding for a 1.1% year-on-year increase in sales next quarter. Looking further ahead, sell-side analysts expect revenue to grow 2.3% over the next 12 months. Although this projection implies its newer products and services will spur better top-line performance, it is still below average for the sector. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. Although FARO was profitable this quarter from an operational perspective, it's generally struggled over a longer time period. Its expensive cost structure has contributed to an average operating margin of negative 2.8% over the last five years. Unprofitable industrials companies require extra attention because they could get caught swimming naked when the tide goes out. It's hard to trust that the business can endure a full cycle. On the plus side, FARO's operating margin rose by 10.2 percentage points over the last five years. Still, it will take much more for the company to show consistent profitability. In Q1, FARO generated an operating profit margin of 4.6%, up 10.9 percentage points year on year. The increase was solid, and because its operating margin rose more than its gross margin, we can infer it was more efficient with expenses such as marketing, R&D, and administrative overhead. Revenue trends explain a company's historical growth, but the long-term change in earnings per share (EPS) points to the profitability of that growth – for example, a company could inflate its sales through excessive spending on advertising and promotions. FARO's EPS grew at an astounding 33.3% compounded annual growth rate over the last five years, higher than its 1.5% annualized revenue declines. This tells us management adapted its cost structure in response to a challenging demand environment. We can take a deeper look into FARO's earnings to better understand the drivers of its performance. As we mentioned earlier, FARO's operating margin expanded by 10.2 percentage points over the last five years. This was the most relevant factor (aside from the revenue impact) behind its higher earnings; taxes and interest expenses can also affect EPS but don't tell us as much about a company's fundamentals. Like with revenue, we analyze EPS over a shorter period to see if we are missing a change in the business. For FARO, its one-year annual EPS growth of 270% was higher than its five-year trend. We love it when earnings growth accelerates, especially when it accelerates off an already high base. In Q1, FARO reported EPS at $0.33, up from $0.09 in the same quarter last year. This print easily cleared analysts' estimates, and shareholders should be content with the results. Over the next 12 months, Wall Street expects FARO's full-year EPS of $1.22 to shrink by 9%. We were impressed by FARO's optimistic EPS guidance for next quarter, which blew past analysts' expectations. We were also excited its revenue, EPS, and EBITDA outperformed Wall Street's estimates. Zooming out, we think this quarter featured some important positives. The stock traded up 13.6% to $30 immediately following the results. Sure, FARO had a solid quarter, but if we look at the bigger picture, is this stock a buy? If you're making that decision, you should consider the bigger picture of valuation, business qualities, as well as the latest earnings. We cover that in our actionable full research report which you can read here, it's free. Sign in to access your portfolio
Globe and Mail
18-04-2025
- Business
- Globe and Mail
FARO to Announce Financial Results for the First Quarter 2025 on April 24, 2025
LAKE MARY, Fla., April 18, 2025 (GLOBE NEWSWIRE) -- FARO® Technologies, Inc. (Nasdaq: FARO), a global leader in 4D digital reality solutions, today announced that before market open on Thursday, April 24, 2025, it will release its financial results for the first quarter ended March 31, 2025. In conjunction with the release, Peter Lau, President and Chief Executive Officer, and Matthew Horwath, Senior Vice President and Chief Financial Officer, will host a conference call on Thursday, April 24, 2025, at 8:00 am. ET. Interested parties can access the conference call by dialing +1 800-245-3047 (U.S.) or +1 203-518-9765 (International) and using the passcode FARO. To avoid a delay in connecting to the call, please dial in 10 minutes prior to the start time. A live webcast will be available in the Investor Relations section of FARO's website at: A replay of the webcast will be available in the Investor Relations section of the company's web site approximately two hours after the conclusion of the call and remain available for approximately 30 calendar days. About FARO For over 40 years, FARO has provided industry-leading technology solutions that enable customers to measure their world, and then use that data to make smarter decisions faster. FARO continues to be a pioneer in bridging the digital and physical worlds through data-driven reliable accuracy, precision, and immediacy. For more information, visit
Yahoo
07-04-2025
- Business
- Yahoo
Q4 Inspection Instruments Earnings Review: First Prize Goes to FARO (NASDAQ:FARO)
Earnings results often indicate what direction a company will take in the months ahead. With Q4 behind us, let's have a look at FARO (NASDAQ:FARO) and its peers. Measurement and inspection instrument companies may enjoy more steady demand because products such as water meters are non-discretionary and mandated for replacement at predictable intervals. In the last decade, digitization and data collection have driven innovation in the space, leading to incremental sales. But like the broader industrials sector, measurement and inspection instrument companies are at the whim of economic cycles. Interest rates, for example, can greatly impact civil, commercial, and residential construction projects that drive demand. The 5 inspection instruments stocks we track reported a very strong Q4. As a group, revenues beat analysts' consensus estimates by 2.3% while next quarter's revenue guidance was in line. Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 15.4% since the latest earnings results. Launched by two PhD students in a garage, FARO (NASDAQ:FARO) provides 3D measurement and imaging systems for the manufacturing, construction, engineering, and public safety industries. FARO reported revenues of $93.54 million, down 5.4% year on year. This print exceeded analysts' expectations by 2.3%. Overall, it was an exceptional quarter for the company with EPS guidance for next quarter exceeding analysts' expectations and a solid beat of analysts' EBITDA estimates. 'We are proud to conclude the year with strong momentum, surpassing targets across all of our metrics in the fourth quarter and achieving a decade-high adjusted EBITDA margin of 18% along with our fifth consecutive quarter of positive operating cash flow,' said Peter Lau, President & Chief Executive Officer. FARO delivered the slowest revenue growth of the whole group. The stock is down 11.8% since reporting and currently trades at $23.89. Is now the time to buy FARO? Access our full analysis of the earnings results here, it's free. Founded by a small group of engineers who wanted to build a more efficient way to read utility meters, Itron (NASDAQ:ITRI) offers energy and water management products for the utility industry, municipalities, and industrial customers. Itron reported revenues of $612.9 million, up 6.2% year on year, outperforming analysts' expectations by 1.7%. The business had an exceptional quarter with EPS guidance for next quarter exceeding analysts' expectations and a solid beat of analysts' EPS estimates. The stock is down 3.8% since reporting. It currently trades at $89.12. Is now the time to buy Itron? Access our full analysis of the earnings results here, it's free. Spun off from Hewlett-Packard in 2014, Keysight (NYSE:KEYS) offers electronic measurement products for use in various sectors. Keysight reported revenues of $1.30 billion, up 3.1% year on year, exceeding analysts' expectations by 1.7%. It was a satisfactory quarter as it also posted an impressive beat of analysts' EBITDA estimates but a miss of analysts' backlog estimates. Keysight delivered the weakest performance against analyst estimates in the group. As expected, the stock is down 29.4% since the results and currently trades at $121.50. Read our full analysis of Keysight's results here. Playing a role in mapping the ocean floor as we know it today, Teledyne (NYSE:TDY) offers digital imaging and instrumentation products for various industries. Teledyne reported revenues of $1.50 billion, up 5.4% year on year. This number beat analysts' expectations by 3.6%. It was an exceptional quarter as it also produced an impressive beat of analysts' EBITDA estimates. Teledyne pulled off the biggest analyst estimates beat among its peers. The stock is down 11.5% since reporting and currently trades at $424.98. Read our full, actionable report on Teledyne here, it's free. The developer of the world's first frost-proof water meter in 1905, Badger Meter (NYSE:BMI) provides water control and measure equipment to various industries. Badger Meter reported revenues of $205.2 million, up 12.5% year on year. This print topped analysts' expectations by 2.3%. More broadly, it was a satisfactory quarter as it also produced a solid beat of analysts' adjusted operating income estimates but a significant miss of analysts' EPS estimates. Badger Meter achieved the fastest revenue growth among its peers. The stock is down 20.2% since reporting and currently trades at $166.44. Read our full, actionable report on Badger Meter here, it's free. Thanks to the Fed's series of rate hikes in 2022 and 2023, inflation has cooled significantly from its post-pandemic highs, drawing closer to the 2% goal. This disinflation has occurred without severely impacting economic growth, suggesting the success of a soft landing. The stock market thrived in 2024, spurred by recent rate cuts (0.5% in September and 0.25% in November), and a notable surge followed Donald Trump's presidential election win in November, propelling indices to historic highs. Nonetheless, the outlook for 2025 remains clouded by potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. The path forward holds both optimism and caution as new policies take shape. Want to invest in winners with rock-solid fundamentals? Check out our Hidden Gem Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Join Paid Stock Investor Research Help us make StockStory more helpful to investors like yourself. Join our paid user research session and receive a $50 Amazon gift card for your opinions. Sign up here. Sign in to access your portfolio
