Latest news with #contracts
Yahoo
4 hours ago
- Business
- Yahoo
Target Hospitality Corp (TH) Q2 2025 Earnings Call Highlights: Strategic Contracts and Revenue ...
Release Date: August 07, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Target Hospitality Corp (NASDAQ:TH) announced two multi-year contracts valued at over $400 million, showcasing their ability to deliver tailored solutions across various markets. The company is finalizing a multi-year lease and services agreement to support the expanding technology infrastructure and data center market, broadening their contract portfolio. Target Hospitality Corp (NASDAQ:TH) secured a multi-year contract extension with a major HFS customer, maintaining a consistent contract renewal rate exceeding 90%. The company has a strong growth pipeline supported by a historic domestic investment cycle and rising demand from the government sector. Target Hospitality Corp (NASDAQ:TH) raised its 2025 revenue outlook to $310 to $320 million, reflecting a 15% increase at the midpoint compared to the previous outlook. Negative Points The termination of the PCC contract and the South Texas Family Residential Center contract led to declines in government segment revenue. The gradual reopening of the Dilly, Texas assets will lead to lower margin contributions through the second and third quarters of 2025. Carrying costs for West Texas assets are expected to be about $2 to $3 million per quarter until a new contract is potentially awarded. The timing of specific contract awards for government initiatives remains uncertain due to the broad scope and resources needed for execution. Inflationary pressures may increase the cost per bed, impacting future capital expenditures and potentially affecting margins. Q & A Highlights Warning! GuruFocus has detected 1 Warning Sign with PSYTF. Q: How should we think about the steps and potential for the West Texas contract to be comparable to prior contracts at that site? A: Mark Shook, CEO, explained that while the reconciliation budget has been passed, the funds have not yet started to flow. However, they are having positive discussions with the government and are on the acquisition list. They feel confident about the facility being leased and reactivated, with continued interest from government officials. Q: Can you provide more details on the data center opportunity and its structure compared to the workforce hub contract? A: Jason Vasic, CFO, mentioned that the data center deal will be different as they will own the assets, leading to higher margins than a services-only contract. Brad Archer, CEO, added that they are waiting on the final contract but have an early works contract in place. The data center opportunity is seen as a potential game-changer for the company, with significant demand due to remote locations and labor challenges. Q: Regarding data center contracts, are these more permanent multi-year facilities or shorter-term network approaches? A: Brad Archer, CEO, clarified that these are long-term projects with a large workforce in one location for many years. These are multi-billion dollar projects where Target Hospitality plays a critical role in helping developers stay on budget and timeline. Q: How are you sourcing beds for the data centers, and is it affecting the oil and gas network? A: Brad Archer, CEO, stated that they first utilize any excess capacity from the oil and gas network, then look to buy in the open market, and finally consider building new. The demand is significant, and they may need to buy new products to meet it. Q: How competitive was the bidding for the data center community contract, and what led them to select Target? A: Brad Archer, CEO, noted that while the bidding was competitive, the decision was not price-driven. The key factors were Target's ability to deliver on time, help retain and attract workforce, and their proven track record in executing large-scale projects. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Yahoo
a day ago
- Business
- Yahoo
/C O R R E C T I O N -- Ironclad Inc./
In the news release, Ironclad Taps Former Google, Snowflake, Docusign, Skadden Executives for Key Leadership Roles, issued 04-Aug-2025 by Ironclad Inc. over PR Newswire, we are advised by the company that the release subheadline should read "As the company surpasses 2 billion contracts processed, Ironclad appoints new CTO, Chief Strategy Officer and SVP, CAE Sales" rather than "As the company surpasses 2 billion contracts processed, Ironclad appoints new CTO, Chief Strategy Officer and SVP of Go-to-Market", and David Simon's title in 1st paragraph, 1st sentence should read "Senior Vice President, CAE Sales" rather than "Senior Vice President of Go-To-Market" as originally issued inadvertently. The complete, corrected release follows: Ironclad Taps Former Google, Snowflake, Docusign, Skadden Executives for Key Leadership Roles As the company surpasses 2 billion contracts processed, Ironclad appoints new CTO, Chief Strategy Officer and SVP, CAE Sales SAN FRANCISCO, Aug. 4, 2025 /PRNewswire/ -- Ironclad, the leading AI-powered contract lifecycle management (CLM) platform, today announced it has appointed Sunita Verma as Chief Technology Officer, Elise Bergeron as Chief Strategy Officer, and David Simon as Senior Vice President, CAE Sales. The executives join Ironclad's leadership team three months after Dan Springer, former Responsys and Docusign CEO, joined the company. Sunita Verma brings over 25 years of technical experience to Ironclad, including senior leadership roles at Google, Yahoo, and Symantec. Most recently, she served as CTO at overseeing research and technology for the platform. Before that, Sunita spent over 17 years at Google where she served as General Manager and Vice President of Google's Core Labs team and led the engineering, product, strategy and operations teams with a strong focus on enterprise and ecosystem transformation through the use of generative AI. "Pushing the boundaries of innovation for enterprises – and using the power of technology to solve problems – has been the driving force of my career," said Sunita. "Contracts are such a universal problem and opportunity. Every company uses them, but there is an incredible amount of value that gets left on the table. The business impact that Ironclad unlocks is an enterprise dream - and I look forward to building upon existing momentum and innovation for our customers." Elise Bergeron comes to Ironclad from Snowflake where she worked as SVP Product Marketing and Communities, following their acquisition of the company she co-founded, Stride Software. She previously served as VP of Marketing for SalesforceIQ/Einstein at Salesforce, and has held leadership roles at Facebook and Vistaprint. "Ironclad has already transformed CLM for thousands of customers, and we're just scratching the surface of what's possible," said Bergeron. "With over 70% of customers already using our AI solutions, and the advances we're seeing in AI as a whole, the opportunity ahead to drive exponential value for our customers is massive. I'm incredibly excited for what's to come." David Simon joins from Docusign, where he spent six years as Group VP of Sales focusing on Contract Lifecycle Management solutions. Throughout his career at companies like Oracle, SuccessFactors, CallidusCloud, and 6sense, Simon has focused on helping organizations scaling value selling and driving superior outcomes for customers. "Ironclad has already had a banner year - we've now processed over 2 billion contracts for more than 2,000 customers like OpenAI, Cisco, and Shell, and are seeing fantastic adoption of our AI tools like Jurist, which has grown weekly active users by 190% quarter-over-quarter," said Dan Springer, CEO of Ironclad. "Sunita, Elise, and David joining our team will accelerate the next phase of business growth at Ironclad. We are doubling down on our people, and our culture, at Ironclad - our greatly talented employees are going to be our most valuable asset as we push forward." Ironclad welcomes legal veteran Eric Friedman as newest board member The company today also formally announced that Eric Friedman, former chair and executive partner at Skadden, has joined its board. Friedman retired from Skadden in December, 2024 after leading the firm for 15 years. Friedman will work closely with Ironclad executives to help develop new AI products for the legal industry. Friedman also serves on the boards for the University of Pennsylvania's law school, Litera, and the Mount Sinai Health System. "AI is transforming the legal industry, enabling lawyers to produce high-quality work in less time and to focus their efforts on the tasks they do best - the ones that require judgment and critical analysis," said Friedman. "I'm excited to be working with Ironclad at this transformative time to help drive further innovation for legal teams across the globe." "Eric's experience and reputation as Skadden's chair and executive partner, and as a premiere M&A lawyer for over 35 years, are tremendous assets for Ironclad. We are exceptionally fortunate to have him on our board," continued Springer. About IroncladIronclad is the leading AI-powered contract lifecycle management platform, processing billions of contracts every year. Contracts power every business, yet managing them can be slow and costly. Global innovators like L'Oréal, OpenAI, and Cisco trust Ironclad to collaborate and negotiate on contracts, accelerate deals while reducing risk, and turn agreements into strategic business assets. Ironclad is the only platform powerful enough to manage contracts across any department, from sales agreements to a procurement contract or NDA. The company is backed by leading investors, including Accel, Sequoia, Y Combinator, BOND, and Franklin Templeton. For more information, visit or follow us on LinkedIn and X. Media ContactPaul View original content to download multimedia: SOURCE Ironclad Inc. 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
a day ago
- Sport
- Yahoo
Is Nathan MacKinnon Underpaid?
According to The Athletic's NHL's 10 best contracts, Colorado Avalanche superstar is underpaid by a large margin. That could be true. MacKinnon is currently the third-highest paid player in the NHL, earning $12.6 million per year. This past season, the 29-year-old posted 116 points (32 goals, 84 assists) in 79 games played. The year prior, which was his best to date, saw MacKinnon play all 82 regular season games with a career-high 140 points (51 goals, 89 assists). In other words, MacKinnon was playing out of his mind. The two other players who make more money than him are Auston Matthews ($13.2 million AAV), and Leon Draisaitl ($14 million AAV). Over the past two seasons, Matthews has a combined 185 points. MacKinnon, on the other hand, has 256 and has a Stanley Cup championship, as well as a Hart Memorial Trophy, awarded to league MVP, on his résumé. Draisaitl has posted 106 points the last two seasons and has scored at least 100 points per year in six of the last seven years. He has also won a Hart as well as a Maurice Rocket Richard Trophy, which is awarded to the player who scores the most goals in a single season. What emerges from this comparison is not so much evidence that MacKinnon is undercompensated, but rather a clearer indication that the Maple Leafs are allocating a disproportionate premium to Matthews—though, given the organizational turmoil in Toronto, such a decision is expected. As the salary cap continues to rise, MacKinnon's contract will certainly represent a bargain for the team. How Much Should MacKinnon Get Paid? The Athletic believes MacKinnon's contract should be worth $18.3 million AAV based on their valuation model. While that figure exceeds his existing contract by a significant margin, it gains credence when contextualized within the NHL's projected salary cap trajectory. The NHL circulated a memo to teams in January that the salary cap would jump to $95.5 million for the upcoming season from $88 million. This will follow with subsequent jumps in the cap to $104 million in 2026-27 and $113.5 million in 2027-28. Let's say the cap remains at $113.5 million when MacKinnon's contract expires at the end of the 2030-2031 season. That $18.3 million would account for roughly 16% of the cap. MacKinnon will be 35 years old at the time of his free agency eligibility in 2031. Historically, players at this stage of their careers—regardless of prior dominance—rarely receive contracts reflecting full-market value, particularly not over long durations. For reference, even Alex Ovechkin, the greatest goal scorer ever, accepted a relative discount in 2021, re-signing with the Washington Capitals on a five-year, $47.5 million contract rather than exploring more lucrative options in unrestricted free agency. Ultimately, the precise valuation of MacKinnon's next contract will hinge on several interdependent factors: his on-ice production, health, leadership impact, and the state of the Avalanche as a whole. Should he maintain or exceed his current output, a salary in the $18 million to $19.5 million range would be consistent with his cap-adjusted market value. Conversely, if his performance regresses to a level that is still impactful but no longer elite, a more modest contract in the range of $13.5 million to $15 million AAV may be warranted—particularly if Colorado seeks to preserve cap flexibility for a younger squad. We also have to think about the upcoming Cale Makar extension. His current six-year contract runs through the end of the 2026-27 season, with a $9 million AAV cap hit. The cap should settle at $104 million in 2026-27 and let's say Makar gets eight years at $16.5 million. So two players will make up for about 32% of the cap give or take. In summary, while it is premature to definitively project MacKinnon's future earnings, The Athletic's valuation is right on the money should he continue to perform as one of the league's premier forwards deep into his thirties.
Yahoo
a day ago
- Sport
- Yahoo
Jack Hughes Ranked High on Best Forwards Under 25 List
ranked their top forwards under 25 entering this season, and it came as no surprise that Devils' Jack Hughes landed second on the list. Hughes is entering his seventh year with the Devils after being selected first overall in the 2019 NHL Entry Draft. He's been a staple for New Jersey both on and off the ice. At just 24 years old, Hughes has scored at least 26 goals in each of the past four seasons, though injuries have kept him from showcasing his full potential. Hughes also happens to have one of the best, if not the best, contracts in the NHL. He's entering year four of an eight-year, $64 million deal, with an average annual value of $8 million. Jack Hughes Ranked No. 1 NHL Contract by The Athletic Dom Luszczyszyn, NHL analyst for The Athletic (a New York Times publication), r ecently ranked the best contracts across the NHL. From Leon Draisaitl's eight-year, $14 million AAV deal (ranked 6th) to Brandon Hagel's seven-year, $6.5 million AAV contract (ranked 2nd), some of the league's biggest stars made the list. Given his performance, skill, and the overall value he brings to the team, this deal is a steal for New Jersey. The only player ranked ahead of Hughes? Tim Stützle of the Ottawa Senators. Stützle is a year younger, but his impact in Ottawa mirrors what Hughes has done in New Jersey. Stützle helped lead the Senators to their first Stanley Cup Playoffs appearance since 2017 and paced the team with 79 points in 82 games last season. He's hit the 70-point mark in each of the last three seasons, which secured him the No. 1 spot in the rankings. Right behind him is New Jersey's very own. Hughes has dealt with two major injuries in his career, the first in 2021 and again last season, when a shoulder injury required season-ending surgery. Still, Hughes remains a centerpiece of the Devils' lineup. In 368 NHL games, he has tallied 141 goals and 210 assists. Before last season's injury, he posted 70 points in just 62 games. His impact on the Devils is immeasurable. He's grown into the face of the franchise. It's no surprise that the slick Devils forward is ranked second on the list of best forwards under 25. Injured or not, he's proven just how valuable he is. In 2022-23, when fully healthy, Hughes recorded 99 points in 78 games. He's one of only 11 NHL players to average at least 1.10 points per game over the last four seasons, despite the injuries. The Devils made the right choice with their 2019 first-overall pick. And if Hughes can stay healthy, don't be surprised if he claims the top spot soon. Photo Credit: © Stephen R. Sylvanie-Imagn Images
New York Times
a day ago
- Sport
- New York Times
NHL's new wisest spenders. Plus: Happy birthday to a legend
Red Light newsletter 🏒 | This is The Athletic's hockey newsletter. Sign up here to receive Red Light directly in your inbox. Good morning to everyone wondering why McIndoe changed his last name and stopped being funny. We're five weeks from July 1 in one direction and six weeks from training camp in the other. The NHL will never be quieter. We'll make it through together. I say this with the utmost sincerity, and I don't mean it as a backhanded compliment: If it weren't for Dom Luszczyszyn, the offseason would (somehow) be even more dull. Last week, he dropped his list of the best and worst contracts in the league. This week — since not every team can employ your Brandon Hagels, your Jack Hugheses or your Jonathan Huberdeaus — he's doing full cap-sheet evaluations for every roster, with the Tampa Bay Lightning making a huge leap from No. 13 last year to the No. 1 wisest spenders this year. Advertisement A few other takeaways from Dom's contract efficiency rankings: • I appreciate the volatility. Only two teams in the league have three A-grade contracts and three D-grade contracts. One of them (Canadiens) can blame their old general manager. The other one (Kings) definitely, definitely cannot. • Where are the Panthers? In the right spot for this sort of exercise, actually. Brad Marchand, as you may have heard, is old, and Sam Bennett isn't paid for his regular-season work. Those aren't the kind of deals that grade out all that well. Seeing the champs somewhere other than No. 1 wasn't surprising. • Oh, Seattle. Remember the expansion draft and all that talk of 'weaponized cap space?' Whatever happened there? The full list is worth your time. These are vegetables, sure, but they're well-seasoned. As a Pittsburgh resident, I shouldn't be working today. It's Sidney Crosby's 38th birthday, which is technically a civic holiday. Banks are closed and everything. In honor of all that, Josh Yohe put together a few nice, Crosby-centric pieces. The first is a thorough accounting of his greatest goals. I won't spoil the whole thing. I will, however, spoil No. 1, because I agree with Josh and was in the building for it: In 2011, on his second shift back from the concussion-related catastrophe that derailed his career, Crosby made a play behind his own net, skated up ice and, after getting the puck, went wide to beat Anders Nilsson. Then he said a bad word, very happily and very loudly. Was it Crosby's most spectacular goal? No. Did it come when the stakes were the highest? From a team standpoint, another no. The full context, though, makes it a no-brainer choice. Fourteen years have passed, and Crosby has reinforced his greatness a hundred times over, but it's always worth remembering just how close it all came to falling apart. Don't ever take players like him for granted. Advertisement Josh didn't stop there. This collection of small, previously untold moments that give a glimpse into who Crosby is as a person, from a reporter who's been around him as much as anybody is even more fun. And don't miss this Crosby-centric Q&A with Josh and his column on what No. 87's final chapters in the NHL might look like. In 2007, the Penguins made Crosby the youngest captain in NHL history at 19 years and 297 days old. Since then, two players have broken that record. Who are they? Two weeks back, McIndoe quantified just how thoroughly the league had shut down. It's time for an update. As of today, it's been … 🍻 I've learned plenty from Fluto Shinzawa's work over the years, and this piece on the drinking habits (or lack thereof) among some NHL players is no different. 🤔 We mentioned Nick Robertson earlier. He's a Maple Leaf for now after a one-year deal to avoid arbitration, but his situation still feels pretty murky, as Chris Johnston wrote. ✈️ I have a feeling the Jets are going to get their money's worth from Dylan Samberg, who signed a three-year deal last week. 👨🏻⚖️ Justice McIndoe presides over the Cap Court, where he examines whether five players' contracts — including one that runs until 2032 — are bad or not. 🥇 It's (seriously) already time to talk about World Junior roster projections, and the prospects guys have you covered. 🎙️ Over on 'The Athletic Hockey Show,' McIndoe and I were joined by beat writers for the Sabres, Penguins, Red Wings and Flyers to discuss how to get each of these teams out of their rebuilds and into the playoffs. Gabriel Landeskog was named Avs captain when he was 11 days younger than Crosby; Connor McDavid was named Oilers captain when he was 31 days younger. 📫 Love Red Light? Check out The Athletic's other newsletters. (Top photo of Brandon Hagel: Mike Carlson / Getty Images) Spot the pattern. Connect the terms Find the hidden link between sports terms Play today's puzzle
