Latest news with #Pursuit
RTÉ News
3 days ago
- Business
- RTÉ News
Reddy is first Irish president of Institute of Concrete Technology
John Reddy, Ecocem's Director of Concrete Technology Deployment, is the new President of the Institute of Concrete Technology (ICT), the international professional body for concrete technologists and engineers. Mr Reddy is the first person from Ireland to hold the role of President of ICT, which has a term of two years. He has been vice president of the organisation since 2023. Veronika Elfmarkova becomes the body's new Vice President, ahead of her becoming the ICT's first ever female President in 2027. She is Head of Commercial RMX at Holcim and is based at the group's headquarters in Switzerland. "Now is perhaps the most exciting and critical time to be a concrete technologist as demand is increasing for concrete in terms of performance, volume and Net Zero ambitions," John Reddy said. "I am honoured to take on the leadership of the ICT and it is my ambition to elevate further the status of the ICT internationally and to see concrete technologists develop their roles in delivering solutions to improve further the concrete we use today," he added. ICT is today holding its 53rd Annual Convention Symposium in the Trinity Business School in Trinity College Dublin, the first time the annual event has been staged outside of the UK. The theme of this year's ICT event is "The Pursuit of Net Zero Concrete: Materials, Design and Practical Applications", with speakers drawn from industry and academia in both Ireland and the UK. As Director of Concrete Technology Deployment, Mr Reddy is helping to drive the rollout of Ecocem's breakthrough technology ACT, which can deliver a 70% decarbonisation of cement at scale globally. Ecocem last week announced an additional investment of €170m to construct four new production lines in France and to accelerate delivery of ACT to the market.
Business Wire
5 days ago
- Business
- Business Wire
Pursuit Appoints New Chief Accounting Officer
DENVER--(BUSINESS WIRE)--Pursuit Attractions and Hospitality, Inc. (NYSE: PRSU) ('Pursuit') today announced the appointment of Mike Bosco as Senior Vice President and Chief Accounting Officer ('CAO'), effective July 1, 2025. He succeeds Leslie Striedel, who will depart the company on June 30 following a successful 11-year tenure in the role. 'Leslie has been an exemplary member of our leadership team during her tenure as CAO. She has provided a strong and steady voice guiding us through many important milestones throughout the company's evolution, including Pursuit's launch at the beginning of this year as a standalone, publicly traded company. As a result, Pursuit has a strong accounting foundation that positions us well for the future, and we are grateful for her many contributions to our team,' said Bo Heitz, Chief Financial Officer, Pursuit. Bosco joins Pursuit on June 16, 2025, from Vail Resorts, Inc., where he held roles of increasing responsibility over 16 years, most recently as Vice President & Assistant Controller. He brings extensive experience in operational and technical accounting, financial reporting, internal controls, and SEC compliance. Bosco holds a master's degree in accounting science from Northern Illinois University and a bachelor's degree in accounting from Elmhurst College. 'Mike brings deep financial and accounting expertise and a collaborative leadership style that will be instrumental as we enter our next chapter of global growth. We are confident that his fresh perspectives and contributions to the senior leadership team will be beneficial as we scale,' said Heitz. As Senior Vice President and CAO, Bosco will lead Pursuit's global accounting function and work closely with Pursuit's external auditors. He will also partner with Heitz to drive innovation across accounting systems and processes while supporting the company's strategic objectives. 'Pursuit's commitment to guest excellence and its bold vision for growth make this an exciting time to join the team,' said Bosco. 'I am honored to lead the accounting discipline at Pursuit and look forward to contributing to the company's continued success to drive both guest and shareholder value.' About Pursuit Pursuit Attractions and Hospitality, Inc. (NYSE: PRSU) is an attractions and hospitality company that owns and operates a collection of inspiring and unforgettable experiences in iconic destinations in the United States, Canada, and Iceland. Pursuit's elevated hospitality experiences include 15 world-class point-of-interest attractions and 28 distinctive lodges, along with integrated restaurants, retail and transportation that enable visitors to discover and connect with stunning national parks and renowned global travel locations. For more information visit
Yahoo
5 days ago
- Business
- Yahoo
Pursuit Appoints New Chief Accounting Officer
Experienced financial leader to succeed Leslie Striedel, joining senior leadership team ahead of next phase of growth DENVER, May 27, 2025--(BUSINESS WIRE)--Pursuit Attractions and Hospitality, Inc. (NYSE: PRSU) ("Pursuit") today announced the appointment of Mike Bosco as Senior Vice President and Chief Accounting Officer ("CAO"), effective July 1, 2025. He succeeds Leslie Striedel, who will depart the company on June 30 following a successful 11-year tenure in the role. "Leslie has been an exemplary member of our leadership team during her tenure as CAO. She has provided a strong and steady voice guiding us through many important milestones throughout the company's evolution, including Pursuit's launch at the beginning of this year as a standalone, publicly traded company. As a result, Pursuit has a strong accounting foundation that positions us well for the future, and we are grateful for her many contributions to our team," said Bo Heitz, Chief Financial Officer, Pursuit. Bosco joins Pursuit on June 16, 2025, from Vail Resorts, Inc., where he held roles of increasing responsibility over 16 years, most recently as Vice President & Assistant Controller. He brings extensive experience in operational and technical accounting, financial reporting, internal controls, and SEC compliance. Bosco holds a master's degree in accounting science from Northern Illinois University and a bachelor's degree in accounting from Elmhurst College. "Mike brings deep financial and accounting expertise and a collaborative leadership style that will be instrumental as we enter our next chapter of global growth. We are confident that his fresh perspectives and contributions to the senior leadership team will be beneficial as we scale," said Heitz. As Senior Vice President and CAO, Bosco will lead Pursuit's global accounting function and work closely with Pursuit's external auditors. He will also partner with Heitz to drive innovation across accounting systems and processes while supporting the company's strategic objectives. "Pursuit's commitment to guest excellence and its bold vision for growth make this an exciting time to join the team," said Bosco. "I am honored to lead the accounting discipline at Pursuit and look forward to contributing to the company's continued success to drive both guest and shareholder value." About Pursuit Pursuit Attractions and Hospitality, Inc. (NYSE: PRSU) is an attractions and hospitality company that owns and operates a collection of inspiring and unforgettable experiences in iconic destinations in the United States, Canada, and Iceland. Pursuit's elevated hospitality experiences include 15 world-class point-of-interest attractions and 28 distinctive lodges, along with integrated restaurants, retail and transportation that enable visitors to discover and connect with stunning national parks and renowned global travel locations. For more information visit View source version on Contacts For media inquiries, please contact: Tanya Otis, PursuitEmail: totis@ | Phone: 587.222.4686 For investor inquiries, please contact: Carrie Long or Michelle PorholaEmail: ir@ | Phone: 602.207.2681 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
20-05-2025
- Yahoo
Police stop motorists on M27 as car boxed in by officers
Motorists were stopped on the M27 heading towards Southampton on Monday as police chased and eventually surrounded a car. Several police cars pursued a grey car down the M27 and were successful in their attempts to stop it just past junction nine. The evasive driver swayed across lanes as it tried to avoid the police officers' attempts to halt its get away. The four police cars eventually won the contest by surrounding the elusive car, boxing it in and seemingly preventing it from moving forward. Police box in car on M27 — Daily Echo (@dailyecho) May 20, 2025 It made entertaining viewing for those stuck behind a static police car approximately 100 meters back, and all who have subsequently watched the footage which was shared on social media. This incident, which took place at around 11.40am on Monday morning, was later confirmed to be a Tactical Pursuit and Containment exercise. Drivers were eventually allowed to continue their journey. The video shows the grey car driving alongside the police vehicles following their battle on the road. Tactical Pursuit and Containment is a police driving tactic used to bring a vehicle pursuit to a safe conclusion. It involves various techniques, such as blocking, forcing a vehicle off the road, or using a box manoeuvre to contain the vehicle.
Yahoo
08-05-2025
- Business
- Yahoo
Pursuit (NYSE:PRSU) Misses Q1 Sales Targets
Experiential tourism company Pursuit Attractions and Hospitality (NYSE:PRSU) fell short of the market's revenue expectations in Q1 CY2025, with sales falling 86.3% year on year to $37.58 million. Its non-GAAP loss of $0.96 per share was 31.5% below analysts' consensus estimates. Is now the time to buy Pursuit? Find out in our full research report. Revenue: $37.58 million vs analyst estimates of $38.95 million (86.3% year-on-year decline, 3.5% miss) Adjusted EPS: -$0.96 vs analyst expectations of -$0.73 (31.5% miss) Adjusted EBITDA: -$18.43 million vs analyst estimates of -$15.63 million (-49% margin, 17.9% miss) EBITDA guidance for the full year is $103 million at the midpoint, above analyst estimates of $101 million Operating Margin: 48.2%, up from -4.7% in the same quarter last year Market Capitalization: $817.2 million With attractions ranging from glacier tours in the Canadian Rockies to an oceanfront geothermal lagoon in Iceland, Pursuit Attractions and Hospitality (NYSE:PRSU) operates iconic travel experiences, experiential marketing services, and exhibition management across North America and Europe. A company's long-term performance is an indicator of its overall quality. Even a bad business can shine for one or two quarters, but a top-tier one grows for years. Pursuit's demand was weak over the last five years as its sales fell at a 37% annual rate. This wasn't a great result and suggests it's a lower quality business. We at StockStory place the most emphasis on long-term growth, but within consumer discretionary, a stretched historical view may miss a company riding a successful new property or trend. Pursuit's recent performance shows its demand remained suppressed as its revenue has declined by 67.2% annually over the last two years. This quarter, Pursuit missed Wall Street's estimates and reported a rather uninspiring 86.3% year-on-year revenue decline, generating $37.58 million of revenue. Looking ahead, sell-side analysts expect revenue to grow 214% over the next 12 months, an improvement versus the last two years. This projection is eye-popping and suggests its newer products and services will fuel better top-line performance. 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. Operating margin is a key measure of profitability. Think of it as net income - the bottom line - excluding the impact of taxes and interest on debt, which are less connected to business fundamentals. Pursuit's operating margin has risen over the last 12 months and averaged 16.7% over the last two years. On top of that, its profitability was top-notch for a consumer discretionary business, showing it's an well-run company with an efficient cost structure. This quarter, Pursuit generated an operating profit margin of 48.2%, up 53 percentage points year on year. This increase was a welcome development, especially since its revenue fell, showing it was more efficient because it scaled down its expenses. We track the long-term change in earnings per share (EPS) for the same reason as long-term revenue growth. Compared to revenue, however, EPS highlights whether a company's growth is profitable. Sadly for Pursuit, its EPS and revenue declined by 14.1% and 37% annually over the last five years. We tend to steer our readers away from companies with falling revenue and EPS, where diminishing earnings could imply changing secular trends and preferences. Consumer Discretionary companies are particularly exposed to this, and if the tide turns unexpectedly, Pursuit's low margin of safety could leave its stock price susceptible to large downswings. In Q1, Pursuit reported EPS at negative $0.96, up from negative $1.13 in the same quarter last year. Despite growing year on year, this print missed analysts' estimates. We also like to analyze expected EPS growth based on Wall Street analysts' consensus projections, but there is insufficient data. It was encouraging to see Pursuit's full-year EBITDA guidance beat analysts' expectations. On the other hand, its EPS missed significantly and its revenue fell short of Wall Street's estimates. Overall, this was a softer quarter. Still, the stock traded up 1.2% to $30.02 immediately following the results. Big picture, is Pursuit a buy here and now? The latest quarter does matter, but not nearly as much as longer-term fundamentals and valuation, when deciding if the stock is a buy. We cover that in our actionable full research report which you can read here, it's free. 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
