Latest news with #HPS
Yahoo
14-08-2025
- Business
- Yahoo
BlackRock (BLK) Up 7.2% Since Last Earnings Report: Can It Continue?
A month has gone by since the last earnings report for BlackRock (BLK). Shares have added about 7.2% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is BlackRock due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. BlackRock's Q2 Earnings Beat on AUM Growth & Higher Revenues BlackRock's second-quarter 2025 adjusted earnings of $12.05 per share handily surpassed the Zacks Consensus Estimate of $10.66. The figure reflects a rise of 16% from the year-ago results benefited from a rise in revenues. AUM witnessed robust growth, reaching a record high of $12.52 trillion, driven by net inflows, market appreciation, and a favorable foreign exchange impact. However, higher expenses acted as a income attributable to BlackRock (on a GAAP basis) was $1.59 billion, increasing 7% from the prior-year quarter. We had projected the metric to be $1.57 billion. Revenues Improve, Expenses Rise Revenues (on a GAAP basis) in the quarter were $5.42 billion, missing the Zacks Consensus Estimate of $5.43 billion. The figure increased 13% year over year. The rise was driven by an increase in all revenue components except investment advisory performance expenses amounted to $3.69 billion, up 23% year over year. The uptick was due to a rise in all cost components. Our estimate for the metric was $3.32 income (on a GAAP basis) was $521 million compared with $214 million in the prior-year quarter. Our estimate for non-operating income was $173.9 adjusted operating income was $2.1 billion, increasing 12% from the prior-year quarter. AUM Balance Up As of June 30, 2025, AUM totaled $12.52 trillion, reflecting a year-over-year rise of 18%. Our estimate for AUM was $11.66 trillion. The company witnessed long-term net inflows of $46 billion in the reported of March 31, 2025, the average AUM of $11.97 trillion rose 15% year over year. We had projected the average AUM to be $11.62 trillion. Share Repurchases BlackRock repurchased shares worth $375 million in the reported quarter. 2025 Outlook Including the impact of the HPS acquisition, BlackRock expects a low teens percentage increase in 2025 core G&A expenses with the onboarding of GIP, Preqin and HPS as the main driver of the year-over-year core G&A adjusted compensation to net revenue ratio is expected to be modestly higher in 2025 due to compensation associated with performance-related revenues from HPS deal is expected to add approximately $450 million of revenue, including $225 million in management fees in the third quarter of 2025. The acquisition will likely positively impact BlackRock's overall effective fee rate by 0.6 of a company expects to repurchase at least $375 million worth of shares per quarter for the balance of the projected tax run rate is 25%. How Have Estimates Been Moving Since Then? In the past month, investors have witnessed a downward trend in estimates revision. VGM Scores At this time, BlackRock has a subpar Growth Score of D, a score with the same score on the momentum front. Charting a somewhat similar path, the stock has a grade of F on the value side, putting it in the bottom 20% quintile for value investors. Overall, the stock has an aggregate VGM Score of F. If you aren't focused on one strategy, this score is the one you should be interested in. Outlook Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, BlackRock has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report BlackRock (BLK) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research 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
NDTV
08-08-2025
- NDTV
Gurugram Woman Creates Fake Instagram Profile, Sends Death Threats To Husband
A woman has been arrested in Gurugram for allegedly creating a fake Instagram account to send death threats to her husband and herself. According to officials, the accused, identified as Priya Mishra, a resident of Tower Q, The Courtyard, Sohna, Gurugram, was taken into custody on August 6 by the Cyber Crime South Police Station team. On May 29, a complaint was received at the Cyber Crime South Police Station, Gurugram, from a woman who claimed that both she and her husband were receiving death threats from an Instagram account operated by a girl. Following the complaint, a case was registered under relevant sections, and an investigation was launched under the leadership of Assistant Commissioner of Police (Cyber Crime), Priyanshu Diwan (HPS). The police team, led by Inspector Naveen Kumar, later discovered that the complainant herself was behind the threats. During interrogation, the accused woman confessed that she had personal issues with her husband. Due to this rift, she created a fake Instagram ID in the name of a girl and sent threatening messages to both herself and her husband. She then filed a false complaint to the police to make it appear as if the threats were real. The police have recovered one mobile phone used to carry out the act from the woman's possession. The investigation into the case is ongoing.
Hans India
08-08-2025
- Business
- Hans India
HPS Alumnus Shailesh Jejurikar Named P&G CEO
The Hyderabad Public School Society proudly congratulates alumnus Shailesh Jejurikar (Class of 1984) on being named President & CEO-Designate of Procter & Gamble, effective January 1, 2026. Currently COO, Jejurikar becomes the first HPS alumnus and India-born executive to lead the global consumer-goods giant. HPS Society President Gusti Noria praised his leadership, calling him 'a symbol of HPS values and excellence.' Jejurikar credited HPS Begumpet for shaping his journey, expressing gratitude for the school's nurturing environment. He now joins a stellar list of HPS alumni impacting the world stage, including Satya Nadella and Ajay Banga.
USA Today
01-08-2025
- USA Today
He disappeared skateboarding. They found him days later at bottom of a ravine.
A teenage boy who disappeared skateboarding last month has been found safe after he fell into the bottom of a 240-foot ravine, where he spent four days critically injured without shelter, food or water. According to the St. Francois County Sheriff's Department, Dakota Trenkle, Jr., 13, was last seen skateboarding on Sunday, July 27, near his home in the Goose Creek Lake community in southeastern Missouri. The area is about 70 miles southwest of St. Louis. After Dakota disappeared, his skateboard was found about half a mile from his home, the department reported on Facebook, prompting detectives to form a search party. Tony Hawk talks Olympics: Skateboarding king discusses HPS 3 + 4 remake, skateboarding 'Steep and heavily vegetated terrain' Following "an extensive search" with the help of the community and other outside law enforcement agencies, including the Farmington Correctional Center (FCC) K-9 Unit, a police dog successfully tracked the teen through steep and heavily vegetated terrain this week. "Dakota was found at the bottom of a ravine in approximately one foot of water in a wet weather creek, 540 yards from his skateboard, with a 240-foot elevation change," the department posted on Facebook on Wednesday, July 30. Missing skateboarder found in ravine suffered major leg injury According to investigators, Dakota suffered a traumatic leg injury and "endured 96 hours of being exposed to the elements without food or water." A medical helicopter transported the teen to a hospital in the St. Louis area for treatment, the agency reported. Foul play is not suspected in the boy's disappearance, but as of Friday, Aug. 1, the case remained open, the sheriff's office reported. "Dakota's immediate family has been notified, and our hearts are with them during this difficult moment," Sheriff Jeffrey S. Crites said in a statement. "We extend our deepest wishes for Dakota's full and speedy recovery... We are incredibly grateful to every individual who played a role in bringing Dakota home." USA TODAY contacted the sheriff's department on Aug. 1, but the agency did not offer more information about the rescue. Natalie Neysa Alund is a senior reporter for USA TODAY. Reach her at nalund@ and follow her on X @nataliealund.
Hamilton Spectator
24-07-2025
- Business
- Hamilton Spectator
Hammond Power Solutions Reports Second Quarter 2025 Financial Results
(Dollar amounts are in thousands, in Canadian currency unless otherwise specified) GUELPH, Ontario, July 24, 2025 (GLOBE NEWSWIRE) — Hammond Power Solutions Inc. ('HPS') (TSX: HPS.A) a leading manufacturer of dry-type transformers, power quality products and related magnetics, today announced its financial results for the second quarter 2025. HIGHLIGHTS We are pleased to share that HPS delivered another strong quarter in Q2 2025, achieving record sales and solid profits despite navigating some cost headwinds. Our quarterly revenue reached approximately $224 million, marking a new record quarter with 14% growth compared to Q2 2024. Our gross margin was slightly lower than the previous year due to rising input costs and further investments in our manufacturing footprint.', said Adrian Thomas, CEO of Hammond Power Solutions. 'Our new production facility in Mexico is complete and we will start shipments later this year. We are also proud to announce that we were awarded Great Place to Work for all of our facilities globally. This honour means a lot to us and reaffirms our belief that our employees are at the core of our success.' Year-to-date, the U.S. market experienced its strongest growth in the private label channel and steady growth in the distribution channel. The Company continued to grow both the number of new customers, as well as sales within existing customers. The Original Equipment Manufacturer ('OEM') channel and private labels channels have increased in the quarter versus prior year, with relatively more business shifting to private label. The two channels have also increased on a year-to-date basis with strong sales to switchgear manufacturers, motor control, mining, and data centres. The Canadian market continued to grow through the distribution channel in both stock and flow product and large projects in commercial construction, electric vehicle ('EV') charging, data centres, public infrastructure, oil and gas, mining, utilities and motor control. The Company's Quarter 2, 2025 backlog increased by 8.4% as compared to Quarter 2, 2024. The Company's backlog decreased 8.0% from Quarter 1, 2025. 'The second quarter was notable in the heightened level of uncertainty in our supply chain and our customer markets. However, the impact of that uncertainty proved to be relatively small, although gross margins did decline below our expectations. Some of this was due to under absorbed overheads in our new Mexico factories as they ramp up, and some to due inflation we are seeing in our supply chain. Adjusted EBITDA margins, while still above 15% on a YTD basis, dropped in the quarter as a result of the lower gross margin', said Richard Vollering, CFO of Hammond Power Solutions. 'As sales increased to record levels, working capital requirements increased. This, combined with high capital expenditures associated with our capital expansion plan, resulted in a net cash outflow, which we expect will begin to reverse in the third quarter.' The Company saw a decrease in its gross margin rate for the three months of Quarter 2, 2025 which was 30.7% compared to Quarter 2, 2024 margin rate of 32.8%, a decrease of 210 basis points. The year-to-date gross margin rate has decreased from 32.3% in 2024 to 31.1% in 2025, a decrease of 120 basis points. The decline in gross margin is mainly the result of higher material costs related to commodity volatility and inflation in the supply chain. Total selling and distribution expenses were $24,665 in Quarter 2, 2025 or 11.0% of sales versus $20,591 in Quarter 2, 2024 or 10.4% of sales, an increase of $4,074 or an increase of 60 basis points. Year-to-date selling and distribution expenses were $46,985 or 11.0% of sales in 2025 compared to $41,658 or 10.7% of sales in 2024, an increase of $5,327 or 30 basis points. The quarter and year-to-date increase in selling and distribution expenses is a result of higher variable freight and commission expenses attributed to the increase in sales. General and administrative expenses were $24,465 or 10.9% of sales for Quarter 2, 2025 compared to Quarter 2, 2024 expenses of $9,062 or 4.6% of sales , an increase of $15,403 or 170 basis points. Year-to-date general and administration expenses were $28,210 or 6.6% of sales in 2025 compared to $38,201 or 9.8% of sales in 2024, a decrease of $9,991 or 320 basis points. The increase is mainly due to an increase in share-based compensation costs, ongoing strategic investments in people and resources to support our growth strategies as well as supporting higher levels of general business activity. Net earnings for Quarter 2, 2025 finished at $13,376 compared to net earnings of $23,590 in Quarter 2, 2024, a decrease of $10,214. Year-to-date net earnings for 2025 finished at $39,598 compared to net earnings of $31,542 in Quarter 2, 2024, an increase of $8,056. EBITDA for Quarter 2, 2025 was $23,720 versus $36,711 in Quarter 2, 2024, a decrease of $12,991 or 35.4%. Adjusted for foreign exchange loss/gain and share-based compensation expenses adjusted EBITDA[1] for Quarter 2, 2025 was $33,396 versus $32,587 in Quarter 2, 2024, an increase of $809 or 2.5%. Year-to-date EBITDA was $64,417 in 2025 and $51,710 in 2024, an increase of $12,707 or 24.6%. Year-to-date adjusted EBITDA was $64,312 in 2025 and $63,559 in 2024, an increase of $753 or 1.2%. Basic earnings per share were $1.12 for Quarter 2, 2025 versus $1.98 in Quarter 2, 2024, a decrease of $0.86. Year-to-date the basic earnings per share were $3.33 in 2025 compared to $2.65 in 2024, an increase of $0.68. Adjusted1 for foreign exchange losses and share-based compensation expenses adjusted earnings per share were $1.72 for Quarter 2, 2025 versus $1.73 for Quarter 2, 2024. Year-to-date adjusted earnings per share were $3.32 for 2025 compared to $3.37 in 2024. The Board of Directors of HPS declared a quarterly cash dividend of twenty-seven and a half cents ($0.275) per Class A Subordinate Voting Share of HPS and a quarterly cash dividend of twenty-seven and a half cents ($0.275) per Class B Common Share of HPS paid on June 27, 2025. Year-to-date the Company has paid a cash dividend of fifty-five cents ($0.55) per Class A Subordinate Voting Share and of fifty-five cents ($0.55) per Class B Shares. THREE MONTHS ENDED: (dollars in thousands) SIX MONTHS ENDED: (dollars in thousands) * EBITDA adjusted for foreign exchange gain or loss and share based compensation Caution Regarding Forward-Looking Information This press release contains forward-looking statements that involve a number of risks and uncertainties, including statements that relate to among other things, Hammond Power Solutions Inc.'s (the 'Corporation' or 'HPS') strategies, intentions, plans, beliefs, expectations and estimates, in connection with general economic and business outlook, prospects and trends of the industry, expected demand for products and services, product development and the Corporation's competitive position. Forward-looking statements can generally be identified, but not limited to, the use of words such as 'may', 'will', 'could', 'should', 'would', 'likely', 'expect', 'intend', 'estimate', 'anticipate', 'believe', 'plan', 'objective' and 'continue' and words and expressions of similar import. Although the Corporation believes that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties, and undue reliance should not be placed on such statements. Certain material factors or assumptions are applied in making forward-looking statements, and actual results may differ materially from those expressed or implied in such statements. Important factors that could cause actual results to differ materially from expectations include but are not limited to: general business and economic conditions (including but not limited to risks related to foreign currency fluctuations and changing interest rates); risks associated with the Corporation's business environment (such as risks associated with the financial condition of the oil and gas, mining and infrastructure project business); geopolitical risks; climate related risks; changes in laws and regulations; operational risks (such as risks related to existing and developing new products and services; doing business with partners and suppliers; product sales and performance; legal and regulatory proceedings; dependence on certain customers and suppliers; costs associated with raw materials, products and services; human resources; and the ability to execute strategic plans.) The Corporation does not undertake any obligation to update publicly or to revise any of the forward-looking statements contained in this document, whether as a result of new information, future events or otherwise, except as required by law. This forward-looking information represents our views as of the date of this press release and such information should not be relied upon as representing our views as of any date subsequent to the date of this press release. We have attempted to identify important factors that could cause actual results, performance or achievements to vary from those current expectations or estimated, expressed or implied by the forward-looking information. However, there may be other factors that cause results, performance or achievements not to be as expected or estimated and that could cause actual results, performance or achievements to differ materially from current expectations. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those expected or estimated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. ABOUT HAMMOND POWER SOLUTIONS INC. Hammond Power Solutions Inc. ('HPS' or the 'Company') enables electrification through its broad range of dry-type transformers, power quality products and related magnetics. HPS' standard and custom-designed products are essential and ubiquitous in electrical distribution networks through an extensive range of end-user applications. The Company has manufacturing plants in Canada, the United States (U.S.), Mexico and India and sells its products around the globe. HPS shares are listed on the Toronto Stock Exchange and trade under the symbol HPS.A. Hammond Power Solutions – Energizing Our World For further information, please contact: David Feick Investor Relations 519-822-2441 x453 ir@ 1 Refer to Non-GAAP financial measures on page 3 of this quarterly report
