Latest news with #financialresults
Associated Press
17 minutes ago
- Business
- Associated Press
Splash Beverage Group Reports First Quarter 2025 Results; Highlights Major Balance Sheet Transformation and Strategic Milestones
FORT LAUDERDALE, FL - July 16, 2025 ( NEWMEDIAWIRE ) - Splash Beverage Group, Inc. (NYSE American: SBEV) ('Splash' or the 'Company'), a portfolio company of beverage brands, today announced financial results for the first quarter ended March 31, 2025, and provided an update on recent corporate developments. First Quarter 2025 Financial Update As disclosed in the Company's Quarterly Report on Form 10-Q filed with the SEC on July 11, 2025, financial results for the first quarter reflected the Company's transition period as it addressed prior liquidity constraints. These factors affected sales activity and financial performance during the quarter. However, subsequent balance sheet improvements and strategic initiatives have positioned the Company to pursue opportunities with an improved financial foundation. Balance Sheet Strengthening and Strategic Developments Following March 31, 2025, the Company executed several transactions aimed at enhancing its financial position: Leadership Updates During the quarter, Splash appointed William Devereux as Chief Financial Officer. Mr. Devereux brings extensive capital markets and corporate finance experience, supporting the Company's efforts to strengthen its financial structure and pursue growth opportunities. Additionally, Tom Fore joined the Company's Board of Directors as Chair of the Audit Committee, further enhancing governance and oversight. Operational Continuity Despite recent challenges, Splash has maintained its core team and operational infrastructure. Management believes the Company is positioned to resume broader commercial activities as liquidity improves. Management Commentary 'We recognize the challenges our shareholders have experienced as we worked through limited liquidity,' said Bill Meissner, President and Chief Marketing Officer. 'The transactions we've completed in recent months represent important steps to improve our balance sheet, reduce debt, and position Splash for future opportunities.' 'I'm pleased to join Splash at this pivotal stage,' added William Devereux, Chief Financial Officer. 'With an improved capital structure and enhanced governance, we are focused on executing strategies that support long-term shareholder value.' About Splash Beverage Group, Inc. Splash Beverage Group, Inc. owns and operates a portfolio of alcoholic and non-alcoholic beverage brands, including Copa di Vino wine by the glass, Chispo tequilas, and Pulpoloco sangria. The Company's strategy includes developing early-stage brands, as well as acquiring and accelerating brands with established market presence or category innovation. Led by an experienced management team, Splash is focused on expanding its portfolio and global distribution network. For more information, visit: Follow Splash Beverage Group on Twitter: Forward-Looking Statements This press release includes forward-looking statements within the meaning of U.S. federal securities laws. Forward-looking statements reflect management's current expectations and assumptions regarding future events and performance, and they involve risks and uncertainties. Actual results may differ materially from those expressed or implied in these statements due to various factors, including but not limited to risks disclosed in the Company's filings with the U.S. Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. The Company undertakes no obligation to update any forward-looking statements, except as required by applicable law. SBEV has 1,552,693 shares issued and outstanding with a float of 1,381,427 shares. Contact Information: Splash Beverage Group / 954-745-5815 [email protected] Dennis Burns / 567-237-4132 [email protected] View the original release on
Yahoo
3 hours ago
- Business
- Yahoo
Nvidia, Meta, Google, Microsoft, and other giant tech stocks have one important challenge coming up
Large-cap tech stocks will likely soon be forced to meet the moment. The do-or-die challenge for the tech bulls? A series of hot financial results and outlooks to match three months of hot stock price gains. "I anticipate that the quality of earnings from these [large cap tech] companies will continue to be strong, but their ability to move their valuations to move higher and higher, completely unfettered, certainly is likely to be challenged here in the next couple of quarters," New York Life Investments chief markets strategist Lauren Goodwin said on Yahoo Finance's Opening Bid (watch above). New York Life Investments has more than $800 billion in assets under management (AUM). Goodwin cited cost challenges and trade uncertainty as risks to the sizzling tech trade headed into the second half of the year. Unfettered tech valuations have been the modus operandi for the large-cap tech space of late. Podcast: How this Big Tech investor is allocating cash right now High-profile tech names in Alphabet (GOOG, GOOGL), Meta (META), Nvidia (NVDA), and Microsoft (MSFT) have advanced an average of 35% in the past three months, according to Yahoo Finance analysis. The top two performers are AI darlings Nvidia and Meta, which have logged respective gains of 52% and 41%. The four giant tech stocks have an average forward price-to-earnings (PE) multiple of 30 times, well above the S&P 500's (^GSPC) 22 times. Meta, Nvidia, and Microsoft's forward PE multiples are above their three-year averages, while Alphabet's is slightly below. Large-cap tech's strong rally extends beyond the household names in the "Magnificent Seven" complex. For instance, Broadcom (AVGO) is up 57% in the past three months, pushing its valuation multiples to some of the highest levels in five years. The same situation extends to Uber (UBER) after a 25% stock price increase in the last three months. Nowhere has the rush to drive up large-cap valuations been more evident than in Nvidia. On Wednesday, the company's market cap stood at nearly $4.2 trillion amid enthusiasm about its AI chips flowing back into China soon. "The AI Revolution is just hitting its next stage of growth," crowed tech analyst Dan Ives of Wedbush, epitomizing the enthusiasm in the space. Event: Secure your tickets for Yahoo Finance's annual Invest conference But others eyeing the tech trade are beginning to echo Goodwin's more measured tone when putting money to work at higher valuations. "We note that the recent rally in large-cap tech and AI stocks has been fueled mainly by price-to-earnings (P/E) multiple expansion," Ulrike Hoffmann-Burchardi, global head of Equities for UBS Financial Services, pointed out. "While we remain structurally bullish on AI, we would prefer to see further gains underpinned by upward earnings-per-share (EPS) revisions rather than valuation expansion alone." She added, "Pockets of elevated valuations across leading AI companies, ongoing geopolitical uncertainty, and the upcoming second-quarter earnings season all point to the need for a balanced and selective approach. We recommend investors seek diversified exposure across semiconductors, software, and internet platforms, rather than concentrating risk in any single segment or individual stock." Brian Sozzi is Yahoo Finance's Executive Editor and a member of Yahoo Finance's editorial leadership team. Follow Sozzi on X @BrianSozzi, Instagram, and LinkedIn. Tips on stories? Email Sign in to access your portfolio
Globe and Mail
3 hours ago
- Business
- Globe and Mail
Reynolds Consumer Products to Report Second Quarter Financial Results on July 30, 2025
Reynolds Consumer Products Inc. (Nasdaq: REYN) (the 'Company') announced it will report second quarter financial results on Wednesday, July 30, 2025. The Company's President and Chief Executive Officer, Scott Huckins, and Chief Financial Officer, Nathan Lowe, will host a live webcast to discuss the results at 7:00 a.m. CT (8:00 a.m. ET) that same day. A link to the webcast and all related earnings materials will be available at About Reynolds Consumer Products Inc. Reynolds Consumer Products is a leading provider of household essentials designed to simplify daily life, so consumers can enjoy what matters most. Found in 95% of U.S. homes, the Company offers trusted solutions for cooking, cleanup, food storage, and more. Its portfolio features iconic brands like Reynolds Wrap® aluminum foil and Hefty® trash bags and disposable tableware, along with store brand products tailored to retail partners. Reynolds holds the No. 1 or No. 2 market share in most of the categories it serves. Learn more at:
Globe and Mail
3 hours ago
- Business
- Globe and Mail
CBIZ to Announce Second-Quarter and First-Half 2025 Results on July 30, 2025
CLEVELAND, July 16, 2025 (GLOBE NEWSWIRE) -- CBIZ, Inc. (NYSE: CBZ) (the 'Company'), a leading national professional services advisor, will announce its financial results for the second-quarter and first-half periods ended June 30, 2025, after markets close on Wednesday, July 30, 2025. A conference call to discuss the Company's financial results will be hosted by CBIZ President and Chief Executive Officer Jerry Grisko and Chief Financial Officer Brad Lakhia at 5 p.m. (ET) on Wednesday, July 30, 2025. The conference call will be webcast live on the investor relations page of the CBIZ website at An archived replay of the webcast will be available following the conclusion of the call. Investors can register at to receive the dial-in number and a unique personal identification number. Participants may register at any time, including up to and after the call start time. About CBIZ CBIZ, Inc. (NYSE: CBZ) is a leading professional services advisor to middle-market businesses nationwide. With industry knowledge and expertise in accounting, tax, advisory, benefits, insurance, and technology, CBIZ delivers actionable insights to help clients anticipate what is next and discover new ways to accelerate growth. CBIZ has more than 10,000 team members across more than 160 locations in 22 major markets coast to coast. For more information, visit
Globe and Mail
3 hours ago
- Business
- Globe and Mail
Informatica to Report Second Quarter 2025 Financial Results on August 6, 2025
Informatica (NYSE: INFA), an AI-powered enterprise cloud data management leader, today announced it will report financial results for the second quarter 2025, which ended June 30, 2025, following the close of the U.S. markets on Wednesday, August 6, 2025. In light of the pending transaction with Salesforce, Informatica will not host an earnings conference call to review the results or provide a financial outlook. About Informatica Informatica (NYSE: INFA), a leader in AI-powered enterprise cloud data management, helps businesses unlock the full value of their data and AI. As data grows in complexity and volume, only Informatica's Intelligent Data Management Cloud™ delivers a complete, end-to-end platform with a suite of industry-leading, integrated solutions to connect, manage and unify data across any cloud, hybrid or multi-cloud environment. Powered by CLAIRE ® AI, Informatica's platform integrates natively with all major cloud providers, data warehouses and analytics tools—giving organizations the freedom of choice, avoiding vendor lock-in and delivering better ROI by enabling access to governed data, simplifying operations and scaling with confidence. Trusted by 5,000+ customers in nearly 100 countries—including over 80 of the Fortune 100—Informatica is the backbone of platform-agnostic, cloud data-driven transformation. Informatica. Where data and AI come to life.™
