Latest news with #fiscalreport
Yahoo
5 days ago
- Business
- Yahoo
Stratasys Cuts Outlook, CEO Points To Temporary Macroeconomic Drag
Stratasys (NASDAQ:SSYS) stock dropped on Wednesday after the company reported fiscal second-quarter 2025 results. The company clocked a quarterly revenue of $138.1 million, flat year-on-year, beating the analyst consensus estimate of $137.2 million. The adjusted gross margin declined to 47.7% from 49.0% a year EPS of 3 cents was in line with the analyst consensus estimate. The company's adjusted operating income was $1.12 million for the period, compared to a loss of $3.2 million in the same period the previous year. Adjusted net income was $2.18 million for the period, up from a $2.97 million loss in the same period the previous year. Adjusted EBITDA reached $6.13 million from $2.28 million the prior year. View more earnings on SSYS The company used $1.1 million in cash for its operating activities, compared to $2.4 million a year ago. Stratasys held cash and equivalents of $254.6 million. Stratasys CEO Dr. Yoav Zeif acknowledged that macroeconomic recovery, and the related boost in customer capital spending, is taking longer than anticipated, but he described the headwinds as temporary. Outlook Stratasys expects revenue of $550.00 million-$560.00 million (prior $570.00 million-$585.00 million) against an analyst consensus estimate of $572.52 million. The company expects an adjusted EPS outlook of 13 cents to 16 cents (prior 28 cents to 35 cents) compared to the analyst consensus estimate of 32 cents. It expects an adjusted EBITDA of $30 million-$32 million (prior $44 million-$50 million). Stratasys stock gained 28% year-to-date, topping its quarterly estimates in the last three quarters. Price Action: SSYS stock is trading lower by 14.95% to $9.670 premarket at last check Wednesday. Photo by Lutsenko_Oleksandr via Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? This article Stratasys Cuts Outlook, CEO Points To Temporary Macroeconomic Drag originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
CBS News
23-07-2025
- Business
- CBS News
Pittsburgh controller describes the city's financial situation as "precarious"
Pittsburgh City Controller Rachael Heisler's annual fiscal report found the city is spending more money than it's taking in. Heisler describes the city's financial situation as "precarious." The city is spending more money than it's taking in while failing to maintain its deteriorating fleet, adequately staff its public safety forces or even turn on most of the water fountains in the summer months. "We need to make sure that the city is handling its basic functions: keeping people safe and keeping things clean," Heisler said. Releasing her annual fiscal report on Wednesday, the controller says the city is not yet in a crisis, but will be unless steps are taken to rein in non-essential spending and raise new revenue. She says the city has spent $24 million more this year than last, and at mid-year has depleted 77 percent of its overtime budget, projecting it will outspend that budget by $20 million. "This is a significant increase and unsustainable," Heisler said. The city denies it is close to crisis but concedes overtime is a "long-term challenge." Still, in a statement, Deputy Mayor Jake Pawlak said union negotiations and unexpected increases in wage and real estate revenues may offset those increases. "While we believe that reforms to overtime usage will ultimately play a role in solving this problem, it's clear that process is taking longer than we projected to show the anticipated results," Pawlak said. "That being said, the scale of this issue is manageable, offset by savings elsewhere in the budget and does not give us cause for alarm." Heisler said the city must move aggressively to encourage job growth and negotiate a deal with the non-profit hospitals and universities for payments in lieu of taxes — something, she says, the Gainey administration has not achieved, which has filed challenges against tax-exempt properties. "When you're in active litigation against them, you're not going to hit a point where you're engaging in conversation about voluntary payments toward city operations," Heisler said.
Washington Post
27-06-2025
- Business
- Washington Post
Apogee Enterprises: Fiscal Q1 Earnings Snapshot
MINNEAPOLIS — MINNEAPOLIS — Apogee Enterprises Inc. (APOG) on Friday reported a fiscal first-quarter loss of $2.7 million, after reporting a profit in the same period a year earlier. The Minneapolis-based company said it had a loss of 13 cents per share. Earnings, adjusted for one-time gains and costs, were 56 cents per share.
CTV News
30-05-2025
- Business
- CTV News
Federal government posts $43 billion deficit between April '24 and March
The Peace Tower on Parliament Hill is pictured from the West Gate in Ottawa on Monday, May 6, 2024. THE CANADIAN PRESS/Sean Kilpatrick The federal government says it ran a budgetary deficit of $43.2 billion between April 2024 and this past March. The deficit compared with $50.9 billion for the same stretch in the 2023-2024 fiscal year. According to the Finance Department's monthly fiscal monitor, revenue for the 10-month period totalled $494.8 billion, up from $444.8 billion a year earlier. Program expenses excluding net actuarial losses amounted to $480.3 billion, up from $440.6 billion, boosted by increases across all major categories. Public debt charges totalled $53.7 billion, up from $47.5 billion. Net actuarial losses were $4.02 billion, down from $7.56 billion a year earlier. This report by The Canadian Press was first published May 30, 2025.
Washington Post
12-05-2025
- Business
- Washington Post
Amtech: Fiscal Q2 Earnings Snapshot
TEMPE, Ariz. — TEMPE, Ariz. — Amtech Systems Inc. (ASYS) on Monday reported a fiscal second-quarter loss of $31.8 million, after reporting a profit in the same period a year earlier. On a per-share basis, the Tempe, Arizona-based company said it had a loss of $2.23. Losses, adjusted for asset impairment costs and non-recurring costs, were 16 cents per share.
