Latest news with #Waterworks
Bloomberg
4 days ago
- General
- Bloomberg
A Photographer's Pipe Dream: Capturing New York's Vast Water System
CityLab Culture In a new edition of his book Waterworks, Stanley Greenberg documents his adventures through the city's 200-year-old network of reservoirs, aqueducts and sewers. Most New Yorkers have probably heard the adage that the city's tap water is among the cleanest and tastiest in the world. But few have much knowledge of the vast system that brings said water to their taps (and then flushes it back out into the ocean). Photographer Stanley Greenberg wants to educate New Yorkers, and everyone else, about this everyday miracle. In 2003, he released Waterworks, a book exploring the far-flung corners of the city's water infrastructure, much of which is off-limits to the general public.
Time of India
6 days ago
- Automotive
- Time of India
Commissioner reviews municipal corporation work under CM Grid Scheme in Varanasi
VARANASI: The Divisional Commissioner S. Rajalingam held a meeting regarding the Municipal Corporation's work under the CM Grid Scheme on Tuesday. The commissioner reviewed the Municipal Corporation's work related to road improvement, water drainage, sewage, green area development, traffic improvement, and other infrastructure, providing necessary directions. The commissioner conducted a separate review of each road and instructed the designation of nodal officers from each department to establish inter-departmental coordination to expedite construction work. The additional municipal commissioner, Savita Yadav , was instructed to hold meetings with revenue and other officials to address difficulties in review and work. The commissioner ordered the chief engineer of the Municipal Corporation to complete all formalities for resolving issues within a week. Contractors from the firm working on the project were also present at the meeting, where they apprised the commissioner of the challenges they were facing. The meeting was attended by officials from the Municipal Corporation, along with stakeholders from the Waterworks, Jal Nigam, PWD, Electricity Department, VDA, and UPPCL. Under the CM Grid Scheme, the development of six roads is being carried out by the Municipal Corporation with a budget of Rs 47 crores. The project involves road development along with the underground shifting of utilities like electric poles and wires. The CM Grid Scheme is an ambitious project by the Uttar Pradesh govt aimed at developing and modernising city roads. Under this scheme, roads will be constructed using modern technology, incorporating features like sidewalks, green zones, solar-powered street lights, bus stops, and EV charging stations. Features of the CM Grid Scheme: Smart Roads: Roads constructed under this scheme will be smart, featuring sidewalks, green zones, and modern street lighting. Modern Technology: The construction will utilise modern technology, such as full-depth reclamation and artificial intensifiers. Environmentally Friendly: The scheme aims to create environmentally friendly roads, playing a crucial role in urban development. Transparency: The work carried out under this scheme will be transparent, providing the public with information about road construction. Benefits of the CM Grid Scheme: Improved Traffic: Roads built under this scheme will enhance city traffic flow and reduce congestion issues. Better Facilities: Roads will offer facilities like sidewalks, bus stops, and EV charging stations, beneficial for the public. Economic Growth: The scheme will promote the city's economic growth and improve the standard of living for its residents. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area.
Daily Mail
01-08-2025
- Entertainment
- Daily Mail
Channel Ten star Angela Bishop pays tribute to late actor David Argue - and reveals her VERY surprising connection to him
Channel Ten star Angela Bishop has paid a heartfelt tribute to late Australian actor David Argue, following his shock passing earlier this week. In her heartfelt tribute, Angela, 57, reminisced about her unique encounter with Argue, revealing an unexpected connection forged on the set of his 1983 movie BMX Bandits. 'Sad to hear of the passing of David,' Angela began, before acknowledging his memorable performances across a celebrated career. 'Many will remember him from The Restless Years, Razorback, or for his great portrayal of Snowy in the 1981 movie Gallipoli.' She then revealed her surprising connection to the iconic actor. From A-list scandals and red carpet mishaps to exclusive pictures and viral moments, subscribe to the DailyMail's new showbiz newsletter to stay in the loop. 'I'll always remember getting to watch him work when I was an extra on the set of BMX Bandits,' she wrote. 'You'll see a blurry shot of us outside the old Waterworks at Manly where we filmed. He was playing a classic baddie, and didn't mind having a bit of fun with it. Whatever role he played, he made sure it was memorable. Vale.' Accompanying her tribute, she shared a sweet throwback photo from the early '80s, capturing a teenage Angela gazing in awe at David during the filming of BMX Bandits, starring a young Nicole Kidman. The photo showcased David in character, embodying his trademark charisma even off-screen. It follows the news that the legendary actor, best known for his roles in Gallipoli, BMX Bandits and Razorback, died at 65. The Melbourne-born star passed away following a battle with cancer. One of Australia's most recognisable character actors, David played the hapless criminal Whitey in the 1983 film BMX Bandits alongside Nicole Kidman. Along with Moustache and The Boss, Whitey launches a plot to nab $1.5million in a payroll heist, kicking off the action in the Aussie blockbuster. Following his studies at NIDA, David made his on-screen debut in 1977 as Sunny Martin in the Australian soap opera, The Restless Years. He also had a career-defining role in the classic Australian WWI film Gallipoli, playing the laconic Snowy alongside stars Mel Gibson and Mark Lee. Following his stint playing Nicole's antagonist, David took on many big screen roles including 1985's The Coca Cola Kid and the 1993 spoof Hercules Returns. His other credits include Cop Shop, The Sullivans, Special Squad, Winners, Cluedo, Stark, Newlyweds, Halfway Across the Galaxy and Turn Left, Correlli, and Water Rats. Last year, he announced through a GoFundMe campaign that due to his health issues, including cancer, walking had become increasingly difficult for him. He requested assistance to purchase a mobility scooter, describing himself as an, 'Icon, Legend Enemy to himself and Burden to his friends!' The Victorian Actors Benevolent Trust was among those to pay tribute. 'David was a remarkably talented and much-loved actor,' their statement read. 'He had the rare gift of making any character he played utterly unique and totally believable. In recent years, as David's health declined, the VABT was able to provide much needed assistance and emotional support. 'In return, David had no hesitation in championing our work, most recently with a deeply personal and humorous reflection at our Trivia Fundraiser.
Yahoo
14-06-2025
- Business
- Yahoo
RH Q1 Earnings Top Estimates, Revenues Miss, Margins Up Y/Y
RH RH reported mixed first-quarter fiscal 2025 (ended May 3, 2025) results, with adjusted earnings topping the Zacks Consensus Estimate while net revenues missed the same. On a year-over-year basis, both metrics grew quarterly performance reflects benefits realized from the investments made to elevate and expand its product offerings and platform. Globally, the company witnessed share gains, with business in Europe being robust. The trends reflected from the increased contributions of the RH segment business, partially offset by soft contributions from the Waterworks in occupancy and shipping costs aided the margins during the quarter amid the uncertain global macro environment. Moving forward, RH aims to continue enhancing its platform and diversifying its product offerings to ensure revenue visibility even during a dicey macro stock soared 20.3% during yesterday's after-hours trading session, after the earnings announcement. The investors' sentiments are likely to have been boosted by an upbeat second-quarter and fiscal 2025 outlook. The company reported adjusted earnings per share of 13 cents, which topped the Zacks Consensus Estimate of a loss per share of nine cents by 244.4%. The reported figure compares favorably with the loss per share of 40 cents reported in the year-ago period. (Find the latest earnings estimates and surprises on Zacks Earnings Calendar.) RH price-consensus-eps-surprise-chart | RH Quote Net revenues of $814 million marginally lagged the consensus mark of $818 million by 0.5% but improved 12% year over year. Net revenues from the RH segment increased year over year by 13% to $765 million, while the same for Waterworks tumbled 1.9% to $49 million. The gross margin expanded 20 basis points (bps) to 43.7% in the reported general & administrative expenses (as a percentage of total net revenues) expanded 80 bps to 36.8% year over operating margin expanded 50 bps year over year to 7%. Moreover, adjusted EBITDA increased 19.4% year over year to $106.4 million for the quarter, with adjusted EBITDA margin expanding 80 bps to 13.1%. As of May 3, 2025, RH's cash and cash equivalents were $46.1 million, up from $30.4 million at the end of fiscal 2024. The company ended the first quarter of fiscal 2025 with merchandise inventories worth $1.01 billion compared with $1.02 billion at the end of fiscal ended the quarter with a net debt of $2.57 billion and a net debt-to-adjusted EBITDA ratio of cash provided by operating activities was $86.6 million as of the fiscal first quarter compared with $56.1 million in the year-ago period. Free cash flow was $34.1 million against negative $10.1 million reported in the year-ago expenditures, as of May 3, 2025, were $52.6 million, down from $66.3 million in the year-ago period. The company expects the quarterly net revenues to grow between 8% and 10% year over operating margin is expected to be in the range of 15-16%, up from 11.7% reported in the prior-year EBITDA margin is forecasted between 20.5% and 21.5%, up from 17.2% reported in the prior-year quarter. For the fiscal year, RH still expects revenue growth between 10% and 13%.Adjusted operating margin is still expected to be between 14% and 15%, up from 11.3% reported in fiscal EBITDA margin is still expected between 20% and 21%, up from 16.9% reported last unveils its expectations of free cash flow to be between $250 million and $350 million. RH currently carries a Zacks Rank #3 (Hold).Here are some better-ranked stocks from the Zacks Consumer Staples Morris International Inc. PM presently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks has a trailing four-quarter earnings surprise of 3.6%, on average. The company's shares have soared 52.3% year to date. The Zacks Consensus Estimate for Philip Morris' 2025 sales and earnings per share (EPS) implies an increase of 8.1% and 13.7%, respectively, from the prior-year Outlet Holding Corp. GO currently carries a Zacks Rank #2 (Buy). It delivered a trailing four-quarter earnings surprise of 25.7%, on average. The stock has tumbled 14.8% year to consensus estimate for Grocery Outlet's 2025 sales indicates an increase of 7.9% while EPS reflects a 3.9% decline from a year Parker Inc. WRBY presently carries a Zacks Rank of 2. It delivered a trailing four-quarter negative earnings surprise of 11.7%, on average. The stock has declined 6.7% year to Zacks Consensus Estimate for Warby Parker's 2025 sales and EPS indicates an increase of 14.1% and 79%, respectively, from a year ago. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Philip Morris International Inc. (PM) : Free Stock Analysis Report RH (RH) : Free Stock Analysis Report Grocery Outlet Holding Corp. (GO) : Free Stock Analysis Report Warby Parker Inc. (WRBY) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Forbes
11-06-2025
- Business
- Forbes
Costco And RH Add Extra Benefits For Their Most Valuable Membership Customers
Edmonton, Alberta, Canada. May 24, 2025. A clean and organized Costco Membership desk, showcasing ... More various membership tiers and the co-branded credit card, ready for new sign-ups. Costco and RH rely on higher-income customers to maintain robust sales. When both brands, in lockstep, boost benefits to their most valuable customers, it raises a key question: whether these enhanced benefits signal a shift in consumer behavior or a response to slowing demand in the face of economic headwinds. Both brands depend on the patronage of affluent consumers. Costco has the strongest appeal to customers at the $125,000 income level and higher, while nearly half of RH store visitors have incomes of $150,000 or more. And both rely on the outsized spending potential of affluents. Costco's highest-tier Executive members, who pay double the base amount for their membership, accounted for 73% of its $250 billion global net sales in 2024. RH derived a remarkable 98% of its $3 billion core RH revenues from its members – Waterworks added another $193 million to RH's topline last year. For Costco, membership fees largely go straight to the bottom line, so offering Gold Star and Business members an extra incentive to upgrade to the Executive level could be a boon to company profits, especially since gross margins are a slim 11% in product sales. For RH, membership fees help offset the generous discounts members receive, which just increased from a 25% to 30%. This may help RH attract new members, as memberships declined 6% this year, from 281,000 in 2023 to 265,000 in 2024. Memberships are an important driver for customer loyalty, more so for Costco with its emphasis on low-cost everyday consumables, but memberships certainly helps RH too. Why should its card-carrying members shop anywhere else when they get an extra 30% off just by walking into the store? Yet, Costco sells a significant amount of discretionary items, including furniture, so both are at risk should high-value customers choose to delay such purchases. Improving member benefits is a way to keep both retailers' most valuable customers engaged and give them a greater return on their membership investment. Later this month, Costco plans to open its doors one-hour early to Executive members, giving them more exclusive, less crowded and more time-efficient shopping experiences. In addition, last September, Costco increased the maximum annual 2% reward for executive members from $1,000 to $1,250. This higher payback came along with a 5% increase in all membership fees. The basic membership increased from $60 to $65 and executive membership went from $120 to $130. Overall, 35.4 million – 46% of Costco's 76.2 million paid members – held an executive-level membership, up from 45% in 2023 and 44% in 2022. Yet, in 2024, the $4.8 billion in revenues generated from membership fees rose only 5%, compared with 8% in 2023 and 9% in 2022. At the Sept. 1 close of fiscal 2024, it had yet to benefit from the fee increase. However, through in third quarter 2025 ended May 11, revenue growth from membership fees was back on par with 2022, up 9% to $3.6 billion, with paid membership up 7% to 79.6 million and executive memberships reaching 37.6 million. Membership renewals continue to top 90%. While opening Costco's doors an hour earlier is a minor convenience, combining it with raising the bar on executive members' cash-back rebates could be enough to incentivize more customers to buy-in at the executive level, potentially doubling the membership fees pocketed for each new executive member. And most of that gain will go to Costco's bottom line. In a nod to increasing value for members' $200 annual fee, RH has just increased its member discount from 25% to 30% on all regularly priced merchandise, except outdoor furniture where they earn a 35% discount. Members also continue to receive an extra 20% off sales items and complementary interior design services. The company stated, 'We are living in a time of more: more tariffs, politics, uncertainty. We voted to create more value.' Unlike Costco, RH doesn't report membership revenue but working the numbers, it amounts to just over $50 million annually, which helps offset the discounts. In a research note, Jefferies reports that recent price increases might 'neutralize margin headwind' from the greater member discount, though that has yet to show up on the balance sheet. It also might mean that RH has increased prices too much. 'We believe it's a move to avoid sales declines,' Jefferies said, adding that 'the pace of RH's ascent up the 'luxury mountain' appears to be slowing.' RH will report first-quarter 2025 earnings on June 12 after the market closes – I'll be listening – but this proactive move might be a way to energize investors ahead of the announcement. Jefferies expects revenues to reach $816 million, up 12% year-over-year, following a 2% drop in first quarter revenues last year. Two new gallery openings at the end of 2024 give RH momentum – it ended fiscal 2025 with 69 RH retail locations, including five in Europe – as does increased promotional activity, including the new Outdoor Sourcebook and an outdoor gallery in Greenwich, CT. However, the increased 35% discount on outdoor furniture raises questions about whether the outdoor expansion is living up to expectations. Despite operating in distinct spheres, Costco and RH both cater to affluent consumers who prioritize value in their memberships. Offering top-tier customers greater returns on their membership is a strategic move that will serve both retailers well to reinforce customer loyalty and grow their membership base.
