Latest news with #Texas-based
Yahoo
an hour ago
- Business
- Yahoo
New NASA contractor retains nearly all Michoud staffers that faced layoffs
NASA's Ground Transportation team guides NASA's Space Launch System (SLS) rocket's completed core stage from NASA's Michoud Assembly Facility in New Orleans to the agency's Pegasus barge on Jan. 8, 2023. (Tyler Martin/NASA). NEW ORLEANS – Nearly all of the employees of a NASA contractor at the Michoud Assembly Facility and Stennis Space Center that faced layoffs at the end of June have been hired by the company that's been awarded a similar contract. Syncom Spaces Services, a Fort Worth, Texas-based joint venture, gave official notice to state labor officials in May that it would lay off 296 employees once its contract with NASA expired at the end of June. Several positions were impacted, including construction personnel, electricians, maintenance workers and engineers in multiple disciplines. Nova Space Solutions was awarded an $823 million NASA contract last year to provide many of the same services as Syncom, and it has absorbed nearly all of the Michoud and Stennis staff that had worked for Syncom. CJ Loria, Nova's president and general manager, said in a statement to the Illuminator that its contract does not cover some of the functions at Stennis that were split off into separate contracts. They include security services, the Stennis Fire Department and rocket testing, 'We hired roughly 95% of the incumbent … workforce that were not on the other three previously mentioned contracts,' Loria said. Nova now employs 518 people at the two sites, with 260 of those at Michoud and 258 at Stennis. Nova Space Solutions is a joint venture between Chugach Government Solutions of Anchorage, Alaska, and Amentum, a major government contractor based in Virginia. Amentum was also a partner in the Syncom contract, having partnered with BWXT, a multi-industry government services provider also based in Virginia. SUPPORT: YOU MAKE OUR WORK POSSIBLE
Yahoo
3 hours ago
- Business
- Yahoo
Caterpillar's Q2 2025 Earnings: What to Expect
With a market cap of $191.1 billion, Irving, Texas-based Caterpillar Inc. (CAT) manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in the United States and internationally. CAT is scheduled to report its Q2 earnings on Tuesday, August 5. Ahead of this event, analysts expect the company to report a profit of $4.89 per share, down 18.4% from $5.99 per share in the year-ago quarter. The company has surpassed Wall Street's bottom-line estimates in two of the past four quarters, while missing on two other occasions. Dear Nvidia Stock Fans, Mark Your Calendars for July 16 Seeking Passive Income? This 'Strong Buy' Dividend Stock Yields 8.6%. How to Buy Tesla for a 13% Discount, or Achieve a 26% Annual Return Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! For fiscal 2025, analysts expect CAT to report an EPS of $18.80, down 14.2% year over year from a profit per share of $21.90 in fiscal 2024. However, in FY2026, the company's EPS is expected to rebound, increasing 13.7% annually to $21.37. CAT stock has grown 17% over the past 52 weeks, underperforming the Industrial Select Sector SPDR Fund's (XLI) 19.8% surge but outperforming the S&P 500 Index's ($SPX) 10.9% uptick during the same time frame. On Apr. 30, CAT shares closed up marginally after reporting its Q1 results. The construction equipment company posted revenue of $14.25 billion in the period, missing Street forecasts. Additionally, the company's adjusted EPS for the quarter amounted to $4.25 and failed to touch the consensus estimates by 1.2%. Wall Street analysts are moderately bullish about CAT's stock, with a "Moderate Buy" rating overall. Among 22 analysts covering the stock, 11 recommend "Strong Buy," one suggests a 'Moderate Buy,' and ten suggest a 'Hold.' While CAT currently trades above its mean price target of $387.50, the Street-high target of $500 indicates a potential upswing of 23.6% from the current market price. On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
Yahoo
17 hours ago
- Business
- Yahoo
Capital Southwest Announces Preliminary Estimate of First Quarter 2026 Operating Results and Earnings Release and Conference Call Schedule
DALLAS, July 15, 2025 (GLOBE NEWSWIRE) -- Capital Southwest Corporation ('Capital Southwest') (Nasdaq: CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, is pleased to announce its preliminary operating results for the first quarter of its 2026 fiscal year (quarter ended June 30, 2025) and its first quarter 2026 earnings release and conference call schedule. Capital Southwest's preliminary estimate of its first quarter 2026 pre-tax net investment income is in the range of $0.60 to $0.61 per share. The preliminary estimate of Capital Southwest's net investment income for the same period is in the range of $0.58 to $0.59 per share. Additionally, Capital Southwest's preliminary estimate of its net asset value per share as of June 30, 2025 is in the range of $16.55 to $16.65. Capital Southwest's preliminary estimate of its non-accruals as a percentage of the total investment portfolio at cost and fair value is 2.6% and 0.8%, respectively. Capital Southwest will release its finalized first quarter 2026 results on Wednesday, August 6, 2025 after the market closes. In conjunction with the release, Capital Southwest has scheduled a live webcast on Thursday, August 7, 2025 at 1:00 p.m., Eastern Time. Investors may participate in the webcast.(1) By Webcast: Connect to the webcast using the Investor Relations section of Capital Southwest's website at or by going to the following website: Please log in at least 10 minutes in advance to register and download any necessary software. A replay of the webcast will be available on Capital Southwest's website shortly after the call. Live Call Participation:Participants who want to join the call and ask a question must register using the following URL: Once registered, participants will receive the dial-in numbers and a unique PIN number. When participants dial in, they will input their PIN and be placed into the call. Registration is still possible even after the event has started. About Capital Southwest Capital Southwest Corporation (Nasdaq: CSWC) is a Dallas, Texas-based, internally managed business development company with approximately $1.8 billion in investments at fair value as of March 31, 2025. Capital Southwest is a middle market lending firm focused on supporting the acquisition and growth of middle market businesses with $5 million to $50 million investments across the capital structure, including first lien, second lien and non-control equity co-investments. As a public company with a permanent capital base, Capital Southwest has the flexibility to be creative in its financing solutions and to invest to support the growth of its portfolio companies over long periods of time. Forward-Looking StatementsThis press release contains forward-looking statements and provides historical information with respect to the business and investments of Capital Southwest, including, but not limited to, the preliminary estimates of its first quarter 2026 fiscal year financial information and results, which are based on current information available to Capital Southwest as of the date hereof. The preliminary estimates of the first quarter 2026 fiscal year financial information and estimated results furnished above are based on Capital Southwest management's preliminary determinations and current expectations, and such information is inherently uncertain. The preliminary estimates may not align with Capital Southwest's actual results of operations for the period, which will not be known until Capital Southwest completes its customary quarter-end closing and review procedures, including the determination of the fair value of Capital Southwest's portfolio investments. As a result, actual results could differ materially from the current preliminary estimates based on adjustments made during Capital Southwest's quarter-end closing and review procedures, and Capital Southwest's reported information in its Quarterly Report on Form 10-Q for the quarter ended June 30, 2025 may differ from this information, and any such differences may be material. In addition, the information furnished above does not include all of the information regarding Capital Southwest's financial condition and results of operations for the quarter ended June 30, 2025 that may be important to readers. As a result, readers are cautioned not to place undue reliance on the information furnished in this press release and should view this information in the context of Capital Southwest's full first quarter 2026 results when such results are disclosed by Capital Southwest in its Quarterly Report on Form 10-Q for the quarter ended June 30, 2025. The information furnished in this press release is based on current expectations of Capital Southwest's management that involve substantial risks and uncertainties that could cause actual results to differ materially from the results expressed in, or implied by, such information. Forward-looking statements are statements that are not historical statements and can often be identified by words such as "will," "believe," "expect" and similar expressions and variations or negatives of these words. These statements are based on management's current expectations, assumptions and beliefs. They are not guarantees of future results and are subject to numerous risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in any forward-looking statement. These risks include risks related to: changes in the markets in which Capital Southwest invests; changes in the financial, capital, and lending markets; changes in the interest rate environment and its impact on Capital Southwest's business and its portfolio companies; regulatory changes; tax treatment; Capital Southwest's ability to operate each of its wholly owned subsidiaries, Capital Southwest SBIC I, LP and Capital Southwest SBIC II, LP, as a small business investment company; the uncertainty associated with the imposition of tariffs and trade barriers and changes in trade policy and its impact on our portfolio companies and our financial condition; an economic downturn or recession and its impact on the ability of Capital Southwest's portfolio companies to operate and the investment opportunities available to it; the impact of supply chain constraints on Capital Southwest's portfolio companies; and the elevated levels of inflation and its impact on Capital Southwest's portfolio companies and the industries in which it invests. Readers should not place undue reliance on any forward-looking statements and are encouraged to review Capital Southwest's Annual Report on Form 10-K for the year ended March 31, 2025 and any subsequent filings, including the "Risk Factors" sections therein, with the Securities and Exchange Commission for a more complete discussion of the risks and other factors that could affect any forward-looking statements. Except as required by the federal securities laws, Capital Southwest does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, changing circumstances or any other reason after the date of this press release. Investor Relations Contact:Michael S. Sarner, President and Chief Executive Officer214-884-3829 (1) No information contained on our website or disclosed on the August 7, 2025 conference call, including the webcast, is incorporated by reference into this press release or any of our filings with the SEC, and you should not consider that information to be part of this press release or any other such in retrieving data Sign in to access your portfolio Error in retrieving data
Business Wire
19 hours ago
- Business
- Business Wire
M2G Ventures Adds Hospitality Vertical Focused on Hotels Primed for Value-Add Opps
FORT WORTH, Texas--(BUSINESS WIRE)--M2G Ventures, a Texas-based real estate investment and development company, launched its hospitality vertical to complement its existing investment strategies of acquiring, designing and developing infill industrial and mixed-use assets. The firm brought in veteran real estate investment executive Chris Hanrattie as Managing Director, Head of Hospitality, to lead the efforts. Texas-based real estate investment and development company M2G Ventures has launched a hospitality vertical to complement its existing investment strategies, which include acquiring, designing and developing infill industrial and mixed-use assets. Share 'Guided by our continued desire to inspire evolution through impact and innovation, we see opportunities to acquire well-located full-service and select-service hotels in high-growth or emerging markets,' said Jessica Miller Essl, co-founder of M2G Ventures. 'M2G's focus on brand, guest-centered design and a deep understanding of customer preferences will play a pivotal role as we expand our hospitality portfolio.' M2G will focus on hospitality projects where the company can implement its creative value-add strategies to drive RevPAR growth and improve operational efficiency, Essl added. 'M2G's track record of finding underutilized assets, coupled with the tenacity and market knowledge of its leaders, made this the right opportunity,' Hanrattie said. He will lead sourcing, evaluating and managing hospitality investments. Hanrattie most recently served as Senior Vice President, Investments and Head of Hospitality for Crescent Real Estate LLC, in Fort Worth. His experience includes oversight of Crescent's hospitality vertical, where he was responsible for the hospitality investment strategy, leading acquisitions and dispositions. 'Chris' strong reputation in the hospitality industry, combined with his ability to source unique opportunities, drive ROI and grow asset value through sustainable strategies, made him the ideal leader for this new vertical,' Essl said. 'He is a great fit with our team, and we look forward to all that we can accomplish together.' 'The hospitality industry is not new to us. M2G's expanded platform is poised for success as we combine experience in branding, placemaking and institutional quality execution, with Chris' experience and reputation,' said Susan Miller, co-founder of M2G Ventures. 'We remain dedicated to thoughtfully investing in distinctive mixed-use and industrial projects across Texas and beyond as we strive to be a best-in-class integrated development team and a top owner in the markets we invest in.' The company's reputation for intentional value creation has multiple facets including placemaking, visioning, branding, hands-on asset execution, in-depth market research, strategic capital expenses, deep industry experience and relationships. This approach to investing is deployed in various forms across M2G's investment themes noted below: Urban Industrial: Acquisition of Class B and development of Class A infill logistics buildings for last-mile users. Mixed-Use/Retail: Acquisition and development of well-located, mixed-use districts, with an emphasis on highly curated, experiential retail to create iconic, place-making destinations. Hospitality: Strategic acquisition of well-located full-service and select-service hotels in high-growth or emerging markets, primed for creative value-add strategies that drive RevPAR growth and improve operational efficiency. This new vertical and the addition of Chris to the team reflect M2G's recognition of the significant growth and transformation existing within the hospitality and travel industry. 'Driven by shifting guest expectations, digital transformation and post-pandemic recovery tailwinds, we believe this sector presents compelling opportunities for innovation and value creation,' Miller said. ABOUT M2G VENTURES Guided by the company's purpose to inspire evolution through impact and innovation, M2G Ventures thoughtfully invests in distinctive mixed-use, industrial, and hospitality through acquisition and development projects. Since its founding in 2014, the fast-growing company has become a leading voice in the industry through a bold strategy anchored by a dedication to innovation and an everlasting commitment to intentional development, as embodied by the M2G+ initiative. The company's capstone is a 501(c)(3) focused on changing the way we treat mental illness. The company is a Certified Women-Owned Business based in Fort Worth, Texas. Learn more at
Observer
21 hours ago
- Science
- Observer
Astronauts from India, Poland, Hungary return from space station
LOS ANGELES: NASA retiree turned private astronaut Peggy Whitson splashed down safely in the Pacific early on Tuesday after her fifth trip to the International Space Station, joined by crewmates from India, Poland and Hungary returning from their countries' first ISS mission. A SpaceX Crew Dragon capsule carrying the four-member team parachuted into calm seas off the Southern California coast at around 2:30 a.m. PDT (0930 GMT) following a fiery reentry through Earth's atmosphere that capped a 22-hour descent from orbit. The return flight concluded the fourth ISS mission organized by Texas-based startup Axiom Space in collaboration with SpaceX, the private rocket venture of billionaire Elon Musk headquartered near Los Angeles. The return was carried live by a joint SpaceX-Axiom webcast. Two sets of parachutes, visible through the darkness and light fog with infrared cameras, slowed the capsule's final descent to about 15 mph (24 kph) moments before its splashdown off San Diego. Minutes earlier, the spacecraft had been streaking like a mechanical meteor through Earth's lower atmosphere, generating enough frictional heat to send temperatures outside the capsule soaring to 1,927 degrees Celsius. The astronauts' flight suits are designed to keep them cool as the cabin heats up. The Axiom-4 crew was led by Whitson, 65, who retired from NASA in 2018 after a pioneering career that included becoming the U.S. space agency's first female chief astronaut and the first woman ever to command an ISS expedition. She radioed to mission control that the crew was "happy to be back" moments after their return. A recovery ship was immediately dispatched to secure the capsule and hoist it from the ocean onto the deck of the vessel. The crew members were to be extricated from the capsule one by one and undergo medical checkups before the recovery vessel ferries them to shore, a process expected to take about an hour. Now director of human spaceflight for Axiom, Whitson has now logged 695 days in space, a US record, during three previous NASA missions, a fourth flight to orbit as commander of the Axiom-2 crew in 2023 and her fifth mission to the ISS commanding Axiom-4. Rounding out the Axiom-4 crew were Shubhanshu Shukla, 39, of India, Slawosz Uznanski-Wisniewski, 41, of Poland, and Tibor Kapu, 33, of Hungary. They returned with a cargo of science samples from more than 60 microgravity experiments conducted during their 18-day visit to the ISS and due for shipment to researchers back on Earth for final analysis. For India, Poland and Hungary, the launch marked the first human spaceflight of each country in more than 40 years and the first mission ever to send astronauts from their government's respective space programmes to the ISS. — Reuters
