Latest news with #Bataan
Yahoo
12-08-2025
- Automotive
- Yahoo
Driver jumps from runaway cement mixer before it crashes down mountain
Dramatic dashcam footage from Bataan, Philippines, captured the terrifying moment a cement mixer driver leapt from his vehicle after the brakes failed on August 8. The daring man leapt from the driver's cab as the vehicle barreled towards a roadside eatery at the edge of the mountain road.
Yahoo
01-08-2025
- Business
- Yahoo
Oil States International Inc (OIS) Q2 2025 Earnings Call Highlights: Strong Offshore ...
Release Date: July 31, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Oil States International Inc (NYSE:OIS) achieved the midpoint of its guided EBITDA range for Q2 2025, driven by strong international and offshore activity. The company's offshore manufactured products segment delivered strong performance with a 15% sequential revenue increase and an 18% rise in adjusted segment EBITDA. Backlog increased to $363 million, the highest level since September 2015, with robust bookings of $112 million, indicating sustained demand. OIS generated $8 million of free cash flow in Q2 2025, which was used to repurchase $7 million of common stock and $15 million of convertible senior notes. The company received a 2025 Meritorious Engineering Award for its low impact workover package, highlighting its commitment to technology and innovation. Negative Points US land drilling and completion activity declined significantly, with rig count down 8% and frac spread count down 14% from March 31, 2025. Completion and production services and downhole technology segments experienced sequential quarter revenue declines of 15% and 10%, respectively. The company made the strategic decision to exit three additional land-based facilities and reduce its US land-focused workforce due to market conditions. OIS's capital expenditures were elevated due to the construction of a new manufacturing facility in Bataan, Indonesia, impacting cash flow. The company anticipates a reduction in full-year revenue guidance due to the streamlining of US land operations, lowering the range to $685 to $700 million. Q & A Highlights Warning! GuruFocus has detected 3 Warning Sign with OIS. Q: Cindy, could you provide more insight into the current state of the offshore market and how it compares to the US land market? A: Cindy Taylor, President and CEO, explained that the offshore market remains robust, driven by long-term production infrastructure projects. Unlike the US land market, which is affected by short-term macroeconomic issues, offshore projects are multi-year developments that are less impacted by immediate economic fluctuations. The company expects continued strong bookings and a book-to-bill ratio above one for the rest of the year. Q: How are the recent changes in tariffs affecting your operations and cost structure? A: Cindy Taylor stated that the company does not anticipate a significant impact from tariffs due to their diverse global supply chain and the ability to manufacture projects worldwide. However, there may be modest cost increases in the downhole perforating side of the business, which is a smaller segment for them. Q: Can you clarify the expected capital expenditures for the year and how they relate to your free cash flow outlook? A: Lloyd Hajek, CFO, indicated that the company expects capital expenditures to be around $30 million for the year, slightly higher than initially planned due to specific projects like the completion of the Bataan facility and the manufacture of low-impact workover riser equipment. This spending is expected to support future revenue streams. Q: What is the expected revenue mix between offshore and US land operations, and how does this impact your margins? A: Cindy Taylor noted that 72% of their revenue currently comes from offshore and international projects. The US land-based operations are being streamlined, with a focus on high-margin activities. This shift is expected to improve margins, with a target range of 20% to low 30% by 2026. Q: How do you view the competitive landscape in the niche tool rental market, and are there opportunities for consolidation? A: Cindy Taylor mentioned that while the land-based market is seeing some consolidation, Oil States International is focusing on international and offshore markets. The company is not pursuing consolidation in the land-based market but expects the market to firm up as competitors exit. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. 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
Epoch Times
24-07-2025
- Entertainment
- Epoch Times
‘Bataan': Holding the Line, No Matter the Cost
NR | 1h 54m | Drama, History, War | 1943 Before the Vietnam War pushed dense jungle combat into the cinematic mainstream, only a small number of Hollywood films dared to explore warfare in the tangled, humid chaos of tropical battlefields. Much of classic war cinema focused on the European front during World War II, with the Korean War often overlooked, and the Pacific Theater only sporadically depicted. The simply titled 'Bataan' stands out as a bold exception.
Yahoo
11-06-2025
- Business
- Yahoo
Cebu Pacific Celebrates Philippine Independence Day with Special Seat Campaign
MANILA, Philippines, June 11, 2025 /PRNewswire/ -- Cebu Pacific (PSE: CEB), the Philippines' leading carrier, invites travelers to discover the country's rich history and cultural heritage through its signature Super Seat Fest – in time for Philippine Independence Day on June 12. From June 11 to 15, guests from Taiwan may book flights to the Philippines for as low as TWD 12 one-way base fare, exclusive of fees and surcharges. The travel period runs from December 1, 2025, to May 31, 2026, ideal for those planning year-end holidays or meaningful summer trips in the Philippines. Besides world-class beaches, the Philippines is rich in historical and cultural treasures. Travelers arriving in Manila can explore Intramuros, the historic walled city that reflects the country's Spanish colonial past, and visit the nearby National Museum Complex, which showcases the country's art, history, and biodiversity through various exhibitions and well-preserved collections. Located about two hours from Manila, Bataan offers a scenic glimpse of colonial-era Philippines with its centuries-old churches and restored heritage houses. From Manila, guests can also connect to Cauayan to visit the famous Banaue Rice Terraces, often called the '8th Wonder of the World.' Alternatively, flights to Davao bring travelers closer to Lake Sebu, known for its Lotus Garden and Seven Falls. With the airline's widest domestic reach, travelers can start their own journey to happiness in the Philippine capital or connect to the airline's other key regional hubs such as Clark, Cebu, Iloilo and Davao, for faster inter-island access within the country. CEB operates in 37 domestic and 26 international destinations spread across Asia, Australia, and the Middle East. CEB offers various payment options, including credit or debit cards and e-wallets, to book flights and buy add-ons. Book your flights now at For more information, please contact: Customer Service TeamGeneral Sales Agent Office of Cebu Pacific AirEmail: 5jservice@ Our social media handles: Facebook: Cebu Pacific AirX: @CebuPacificAirInstagram: cebupacificair @CebuPacificAir #LetsFlyEveryone #CEBSuperSeatFest View original content: SOURCE Cebu Pacific Air
Yahoo
29-01-2025
- General
- Yahoo
NM Military Museum's new exhibit to honor WWII prisoners of war in the Pacific
Jan. 28—Pvt. Oscar Avery Cox and other Bataan prisoners of war endured harsh conditions during World War II, including a miles-long march through hell. Despite the adversity, Cox and three fellow POWs decided it was worth risking their lives to protect a piece of fabric that meant more to them than life itself: the American flag. While experiencing the 65-mile Bataan Death March in the Philippines, where the men dealt with sweltering heat and smelled death, they passed a folded American flag to one another. They moved from place to place, protecting it despite the inherent dangers they faced. After arriving at Fukuoka Prison Camp No. 17 in Japan, the group hid the flag in a coal mine they worked in, New Mexico Military Museum Director Laureta Huit said. After the unconditional surrender of Japan on Sept. 2, 1945, Cox, realizing the camp was abandoned, picked up the flag, went to the center of the camp, took down the Japanese flag and put up the American flag, "solidifying American victory in the minds of all his fellow POWs," she said. The American flag Cox hoisted up at the prison camp, along with the Japanese flag taken down at the camp that Cox and the three other POWs signed, and a flag retrieved from camp commandant Asao Fukuhara's cabin, will be part of a new New Mexico Military Museum exhibit titled "Flags of Freedom: Honoring the 80th Anniversary of the Liberation of Our Bataan Prisoners of War." Cox's family donated the flags to the museum, and "we will display them and recognize the significance" of the sacrifices the men made, New Mexico Military Museum Foundation Board Chairman Jack Fox said. "What we're doing is recognizing the anniversary of the end of World War II and the release of Americans who were prisoners of war," he said. 'Really a New Mexico story' Cox and his fellow POWs were a part of the 200th Coast Artillery that was made up of 1,816 New Mexico National Guard members. The whole Bataan experience is "really a New Mexico story," Fox said. "It's a horrific story," he said, "but it's also a story of courage and the American spirit." Along with Filipino troops, Cox and other American soldiers were defending the Bataan peninsula when it fell to the Japanese military in April 1942. "Those soldiers fought for as long as they could," Fox said. "Finally, there was no other option there. They were out of food and out of ammo." During the Bataan Death March and their subsequent imprisonment at places such as Fukuoka Prison Camp No. 17, 829 men from the regiment died or were missing. Though they were freed in 1945, a third of the survivors died within a year from injuries or disease, according to the New Mexico History Museum. At 5 p.m. Thursday, there will be an opening reception at the museum, 1050 Old Pecos Trail, in Santa Fe. During the event, Huit and author Hampton Sides will talk about the liberation of the Bataan prisoners of war. One of Sides' books, "Ghost Soldiers," examined the raid at Cabanatuan in the Philippines. On Jan. 30, 1945, the U.S. Army Rangers, Alamo Scouts and Filipino guerrillas raided a Japanese prisoner of war camp in Cabanatuan, helping free hundreds of prisoners. Several weeks earlier, the Palawan Massacre took place in the Philippines, where 139 American POWs were killed by Japanese soldiers, according to the Soldiers Memorial Military Museum. This caused U.S. forces to get nervous and to "develop a sense of urgency," Huit said. "The massacre triggered the urgency to (carry out) the raid and rescue at Cabanatuan, becoming the first significant event for the eventual release of other POWs and the end of the war in the Pacific," she said.
