Latest news with #increments
Yahoo
an hour ago
- Business
- Yahoo
Boeing's Stock Is Crushing the Market in 2025. Can It Continue?
Boeing is delivering on its key objectives, and as long as it does so, the stock price should benefit. CEO Kelly Ortberg is improving the company's forecasting costs and ramping up production. The defense business generated a profit in the first quarter after serial losses over the last few years. 10 stocks we like better than Boeing › Boeing (NYSE: BA) stock is up 13.6% this year compared to a minimal gain for the S&P 500, primarily due to management's improved performance under relatively new CEO Kelly Ortberg, who was appointed last August and continues to steer the company in a positive direction. The key question is whether the stock price renaissance will continue. Here's the lowdown. The company started the year mainly as a self-help story. While no business in the aerospace industry will ever escape the orbit of influence of its cyclical end markets -- demand for air travel -- the reality is that Boeing had ample opportunity to outperform expectations due to prior disappointing operational execution. There are three main areas that Boeing needed to improve on going into 2025, specifically: Ramp up production of the narrow-body 737 MAX to an initial rate of 38 aircraft a month in 2025 and then increase it thereafter. Improve margin performance at Boeing Defense, Space & Security (BDS), particularly with its challenging fixed-price contracts. Keep the wide-body 777X on track for its estimated first delivery in 2026. The company appears to be delivering on all three of these objectives so far in 2025, and the self-help narrative is on track. According to Chief Financial Officer Brian West on the last earnings call, Boeing received approval from the Federal Aviation Administration (FAA) to expand flight testing, and he confirmed the target for the first delivery of the 777X in 2026 to Lufthansa. Moreover, key 777X customer Emirates recently confirmed it expected first delivery of the aircraft by the end of 2026. West also confirmed that the company was on track to achieve the 38-per-month rate on the 737 MAX. And Ortberg outlined plans to then increase the rate to 42 per month and then raise it in increments of five per month, with the increases taking at least six months to implement. There is no guarantee that it will meet this goal, and the company needs to demonstrate to the FAA that it can produce at a rate of 38 per month with high quality before the agency lifts its production cap. Still, management expects to hit the 38 number in the next few months -- something to keep an eye on. The issue of defense profitability is best illustrated by examining the following chart, and investors will hope it marks the start of a sustained period of profitability for its BDS division. Fortunately, there's reason to believe this might be the case. Management has long defined its BDS revenue in terms of three buckets, the smallest of which is the most problematic. About 60 percent of BDS' business is in its core defense sector, and it continues to perform with mid- to high-single-digit profit margins, according to West. The next 25% is allocated to the fighter and satellite programs, with West mentioning "favorable margin trends" on the earnings call. The real issue lies with the 15% in the fixed price programs, and here Ortberg disclosed that Boeing had achieved estimated-at-completion (EAC) "stability" in the quarter. EAC is a forecast of the total cost of a project based on current performance. Ortberg outlined an aim to improve EAC in October, with the goal of enhancing cost controls on these contracts. It is working, and management has confirmed progress on the milestones for the T-7 training airplane. Meanwhile, the MQ-25 (an aerial refueling drone) is scheduled to move to ground and flight testing in 2026. Over the near to medium term, there's every reason to think the company can. As long as Boeing continues to execute on the three areas discussed above, the narrative should remain positive, particularly when compared to the prevailing pessimism surrounding the company going into 2025. It's climbing a wall of worry, and as long as Ortberg can demonstrate progress on its key and near-term objectives, the stock is likely to receive support. That said, the company has a long way to go before it can convince investors that it's in a position to generate the kind of earnings and cash flow necessary to develop the next generation of narrow-body commercial aircraft while paying down debt and returning capital to investors. That's a deeper question that needs to be addressed by long-term investors, but for now, the outlook is positive for Boeing. Before you buy stock in Boeing, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Boeing wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $651,049!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $828,224!* Now, it's worth noting Stock Advisor's total average return is 979% — a market-crushing outperformance compared to 171% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Lee Samaha has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Boeing's Stock Is Crushing the Market in 2025. Can It Continue? was originally published by The Motley Fool Sign in to access your portfolio
Time of India
a day ago
- Business
- Time of India
OPEC+ countries agree production adjustment of 411,000 barrels per day in July 2025
Vienna: The eight OPEC+ countries , which previously announced additional voluntary adjustments in April and November 2023, namely Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman met virtually on May 31 to review global market conditions and outlook. In view of a steady global economic outlook and current healthy market fundamentals, as reflected in the low oil inventories, and in accordance with the decision agreed upon on December 5, 2024 to start a gradual and flexible return of the 2.2 million barrels per day voluntary adjustments starting from April 1 2025, the eight participating countries will implement a production adjustment of 411,000 barrels per day in July 2025 from June 2025 required production level. This is equivalent to three monthly increments. The gradual increases may be paused or reversed subject to evolving market conditions. This flexibility will allow the group to continue to support oil market stability . The eight OPEC+ countries also noted that this measure will provide an opportunity for the participating countries to accelerate their compensation. The eight countries reiterated their collective commitment to achieve full conformity with the Declaration of Cooperation, including the additional voluntary production adjustments that were agreed to be monitored by the JMMC during its 53rd meeting held on April 3, 2024. They also confirmed their intention to fully compensate for any overproduced volume since January 2024. The eight OPEC+ countries will hold monthly meetings to review market conditions, conformity, and compensation. The eight countries will meet on 6 July 2025 to decide on August production levels.
Asharq Al-Awsat
03-05-2025
- Business
- Asharq Al-Awsat
OPEC+ Countries Reaffirm Commitment to Market Stability on Current Healthy Oil Market Fundamentals
The eight OPEC+ countries, which previously announced additional voluntary adjustments in April and November 2023, namely Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman, met virtually on May 3, 2025, to review global market conditions and outlook, SPA reported. In view of the current healthy market fundamentals, as reflected in the low oil inventories, and in accordance with the decision agreed upon on December 5, 2024, to start a gradual and flexible return of the 2.2 million barrels per day voluntary adjustments starting from April 1, 2025, the eight participating countries will implement a production adjustment of 411,000 barrels per day in June 2025 from May 2025 required production level. This is equivalent to three monthly increments. The gradual increases may be paused or reversed subject to evolving market conditions. This flexibility will allow the group to continue to support oil market stability. The eight OPEC+ countries also noted that this measure will provide an opportunity for the participating countries to accelerate their compensation. The eight countries reiterated their collective commitment to achieve full conformity with the Declaration of Cooperation, including the additional voluntary production adjustments that were agreed to be monitored by the JMMC during its 53rd meeting held on April 3, 2024. They also confirmed their intention to fully compensate for any overproduced volume since January 2024. The eight OPEC+ countries will hold monthly meetings to review market conditions, conformity, and compensation. The eight countries will meet on June 1, 2025, to decide on July production levels.
Telegraph
21-04-2025
- Automotive
- Telegraph
How to buy a cheap luxury car
Fancy buying a used car for a lot less than you might normally pay? It's possible but with catches: you'll need to do some work to find the car you're after. If you do discover a motor made for you, it may be slightly damaged. And it will almost certainly have an 'interesting' history. More people than ever are choosing to buy cars that have been seized and then re-sold by the authorities, often using either the Proceeds of Crime Act (POCA) or the Police and Criminal Evidence Act (PACE). You can get some real bargains I spotted a 2018 Audi SQ5 Quattro on the RAW2K Vehicle Auctions website. It was deep metallic blue, had done only 31,000 miles and I could overlook its 'bling' side steps for an initial high bid of £13,600. For comparison, on a popular sales website, a similar 68-reg SQ5 that had done 57,000 miles was selling for £28,320. Others were £30,000-plus. With half an hour of its auction to run, the SQ5's price remained encouragingly low. Then the sale lit up. Increasing in increments of anything from £10 to £200, bidding eventually stopped at £17,310. Including VAT plus the 6 per cent buyer's premium and £25 release fee, the total cost was £22,048 – so at least £6,000 cheaper than buying a similar example from a dealer. At the same time, a 2019 Citroen Relay 35 van that had done 48,000 miles was going through. Bidding started at £180 and it eventually sold for £3,260 (£4,248 including VAT and fees). Although tatty around the edges, that's still only about two thirds of the price of a much higher mileage version on a van sales site. There are big savings to be made On the face of it, an Audi with structural damage for 20 per cent less than a cheap 'legit' one might not look that appealing. But it starts to make sense provided you can carry out any remedial work yourself. And in terms of 'seizure bargains', the Audi looks like an outlier; the Citroen more usual. Mark Bennett, head of RAW2K, told us: 'Typically you can get a car for 60 per cent of its CAP value [the guide most dealers use]. Some will have a full MOT, be in very good condition and have a standard mileage. 'We get a lot of private individuals buying and fixing them up as a side hustle, plus businesses which turn them round and sell them.' And with seizures frequently being high-end models from prestigious makes such as BMW, Audi and Bentley, they can be an attractive potential money maker. Addison Pye, the director of auctioneer John Pye and Sons, revealed: 'We're selling more vehicles on behalf of the government and police authorities each year, both due to increased supply as well as our success in securing government contracts.' But there are catches… If you're considering going down the route of buying a police seizure, it's not all cheap cars for no effort. The Audi I was interested in was a Category S write-off, so requires professional repair before it can be legally put back on the road. And since these are online auctions, the website is clear that you can't see the cars in the metal – let alone drive them – before bidding. Also, both the Audi and Citroen were located in Preston, so not particularly convenient for where I live on the south coast. And if you win the auction, the cars cannot be driven away so you need to arrange transport to your home or workshop. But at least both cars had keys with them, which isn't always the case. Bennett said: 'You'd think we must have the keys but actually about 50 per cent of the cars we sell don't. They often get lost in the process [by the police] or perhaps the car's owner wants to be a nuisance and throws them away.' Cars will also have a variety of damage. Bennett added: 'Some will be clean, others will have minor damage, some major. But it's often just cosmetic bumper damage or similar.' Where do cars seized by the police end up for sale? There are a number of auction houses that feature sales of vehicles seized by the authorities. RAW2K disposes of seized cars from 26 of the UK's 45 police forces. According to Bennett, around 18,000 cars a year go through its sites around the country, about 95 per cent of them being police seizures. John Pye and Sons works with more than 25 police and government authorities. These seizure contracts make up around 75 per cent of the 15,000 vehicles it sells annually and the number is growing. Some police forces even have their own Ebay shops for selling POCA seizures and other surplus equipment. Sussex Police, for example, had a set of Skoda Octavia locking wheel nuts for £10, although it doesn't sell complete cars this way. 'Cars that can be re-sold as working go through Brightwells (auctions),' a spokesperson told us. How can police sell stolen cars? Pye explained: 'POCA enables authorities to seize and sell assets, including vehicles, that are linked to criminal activity. This can happen through confiscation orders (after conviction) or civil recovery (without conviction). 'John Pye auctions sells these vehicles on behalf of UK law enforcement agencies, such as the police, HMRC and the National Crime Agency (NCA). The proceeds from these sales are typically reinvested into crime prevention, law enforcement or public services.' Auction houses also get vehicles that are taken as evidence through PACE but are never reclaimed. And, of course, as these vehicles come via the police, you're never going to buy a cloned car from one of these auctions. There can be downsides, however. 'We did have one car that had a turtle in a tank in its boot,' Bennett said. 'And vans tend to have lots of rubbish in them.' The auction houses clear out personal belongings and retain personal belongings such as driving licences and bank cards in case they are reclaimed. But they do draw a line: 'Cars with needles from drug users in them are crushed, as is any vehicle that's got blood splattered around it,' Bennett said.
Yahoo
21-02-2025
- Yahoo
‘We've asked every month': Tampa Firefighters Union pushes city, fire dept. for backup gear
TAMPA, Fla. (WFLA) — More than 500 sets of much needed gear for firefighters is just sitting in city storage, according to the Tampa Firefighters Union. They are demanding that the city and fire department distribute the gear immediately, as wearing contaminated gear increases cancer risks, which they said is the leading cause of firefighter deaths in the nation. 'I feel heavy': Family of Tampa shooting victim demands justice, calls on community for tips Union President Nick Stocco said it's dangerous for firefighters not to have a second set of gear due to all the toxins they carry from the hazardous atmospheres they go into. 'It's like getting in your dirty gym clothes after getting out of a shower,' Stocco said. He points to the agreement contract they have with the city, saying the distribution of the additional gear shall be accomplished in increments over the life of the contract, which expires in September. 'We're now just a few months away from the contract expiring and not one person has gotten a second set of gear,' Stocco said. 'So we've asked every month at least that I've been president.' News Channel 8 On Your Side emailed the city, which forwarded our request to Tampa Fire Rescue. They said they are committed to ensuring the safety of every firefighter. 'If a firefighter's gear does become contaminated during an incident, our dedicated logistics team is ready to provide 'loaner gear,' ensuring that our personnel can continue their work safely. The affected gear is then promptly decontaminated in accordance with NFPA codes and standards before being returned to service,' Tampa Fire Rescue said. 'While we appreciate the department logistics efforts in ensuring that the gear that's contaminated is decontaminated, we have a legally final and binding contract,' Stocco said. Fire Rescue went on to say, 'We are still within the timeline outlined in our contract. No employee has been affected by not having replacement gear and everyone will receive their second set of gear by end of summer.' 'I say they're misrepresenting their employees. Each one of those 500 whose sets are sitting at supply have been affected,' Stocco said. 'I very respectfully say that those are excuses to neglecting distributing the personal protective equipment that's readily available to be distributed.' Here is the full statement from Tampa Fire Rescue: 'At Tampa Fire Rescue, the health, safety, and well-being of our firefighters are our top priorities, and the City of Tampa shares this commitment. We have established policies and procedures to ensure their protection, and we are fully prepared to handle any situation. In the meantime, if a firefighter's gear does become contaminated during an incident, our dedicated logistics team is ready to provide 'loaner gear,' ensuring that our personnel can continue their work safely. The affected gear is then promptly decontaminated in accordance with NFPA codes and standards before being returned to service. We understand the critical importance of providing our team with the best protective gear available. While we are currently awaiting the second set of gear for every sworn firefighter due to manufacturer delays, we want to assure the public that we are still within the timeline outlined in our contract. No employee has been affected by not having replacement gear and everyone will receive their 2nd set of gear by end of summer. 'Tampa Fire Rescue administration is committed to ensuring the safety of every firefighter,' said Fire Chief Barbara Tripp. ' It is of the utmost importance and top priority. Our manufacturers stand ready to assist us.' Tampa Fire Rescue stays committed to maintaining the highest safety standards to always protect our firefighters.' Tampa Fire Rescue Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
