Press release Brussels, Montrouge, 21 May 2025 The Crelan Group and Crédit Agricoleannounce the signing of an agreementfor a long-term partnership The Crelan Group and the Crédit Agricole Group have announced a new strategic partnership that will enable Crelan’s customers to benefit from a wider range of banking products and services.This agreement will allow Crelan to ramp up its commercial development and organic growth, and Crédit Agricole to ensure the development of its business lines in Belgium. What ...

Core Points - Crédit Agricole S.A. announced the redemption of all outstanding USD 1,500,000,000 Senior Non-Preferred Callable Fixed-to-Floating Rate Notes issued on June 16, 2020, effective June 16, 2025 [2][3] - The redemption will occur at the outstanding nominal amount along with any accrued interest, referred to as the Redemption Amount [2][3] - Holders of the Notes will receive formal notice of the redemption in accordance with the Terms and Conditions [3] Summary by Sections - **Redemption Announcement** - The Issuer, Crédit Agricole S.A., will redeem the Notes on June 16, 2025, as per the terms outlined in the base offering memorandum [2] - **Redemption Details** - The Redemption Amount will be due and payable on the Redemption Date, and interest on the Notes will cease on that date unless the Redemption Amount is improperly withheld [3] - **Legal and Regulatory Information** - The press release does not constitute an offer to buy or sell the Notes in various jurisdictions, including the United States, Canada, Australia, or Japan [4][5][7] - Specific legal and regulatory restrictions may apply to the redemption of the Notes in certain jurisdictions [5]

Montrouge – May 15, 2025 Crédit Agricole Leasing & Factoringcompletes acquisition of German group Merca Leasing Crédit Agricole Leasing & Factoring (CAL&F) announces that it has obtained all the necessary authorizations and today finalized the acquisition of 100% of Merca Leasing, a group that has been a partner to the German manufacturing industry for over three decades. This operation is fully in line with CAL&F's development strategy and will enable it to accelerate its growth in the particularly dynamic ...

Press release Montrouge, 14 May 2025 GENERAL MEETING OF CRÉDIT AGRICOLE S.A. The General Meeting of Shareholders of Crédit Agricole S.A. was held in Paris on Wednesday, 14 May 2025, in the presence of Chairman, Dominique Lefebvre, and Chief Executive Officer, Philippe Brassac. Over 1 700 people attended the General Meeting, either physically or remotely. With a quorum of 80,37%, the General Meeting approved all the resolutions put forward by the Board of Directors. All resolutions received a score of over ...

Revenue and Profitability - Revenues for the three months ended March 31, 2025 increased 5.6% to $632.0 million compared to $598.6 million for the same period in 2024, driven by higher revenues in Engineered Structures and Construction Products [97]. - Operating profit for the three months ended March 31, 2025 totaled $55.8 million, an increase of 4.5% year-over-year, with significant contributions from Engineered Structures [97]. - Revenues from Engineered Structures increased 23.0% to $284.8 million, primarily due to higher volumes in the wind towers business and contributions from the acquired Ameron business [99]. - Revenues for the three months ended March 31, 2025, increased by 4.6% to $262.8 million, primarily due to the acquisition of Stavola, which contributed $26.4 million [112]. - Operating profit decreased by 36.5% to $18.3 million, impacted by the seasonal nature of the Stavola acquisition, which reduced operating profit by $11 million [115]. - Cost of revenues increased by 9.5% to $217.1 million, with cost of revenues as a percentage of revenues rising to 82.6% from 78.9% [115]. - Inland barge revenues increased by 5.9% to $84.4 million, while total revenues for the Transportation Products segment decreased by 27.1% to $84.4 million due to the sale of the steel components business [123]. Backlog and Orders - The backlog for inland barges as of March 31, 2025 was $333.6 million, up 19.1% from the start of the year, indicating strong customer commitment [91]. - The company received new orders of $1.1 billion for wind towers since the passage of the Inflation Reduction Act, supporting wind energy expansion projects through 2028 [91]. - The backlog for utility, wind, and related structures as of March 31, 2025, was $1,094.1 million, with approximately 59% expected to be delivered during 2025 [117]. - Approximately 59% of the unsatisfied performance obligations for utility, wind, and related structures are expected to be delivered during 2025 [98]. Expenses and Costs - Selling, general, and administrative expenses increased 6.7% for the three months ended March 31, 2025, primarily due to costs from recently acquired businesses, representing 11.7% of revenues [97]. - Operating costs increased 5.7% to $576.2 million for the three months ended March 31, 2025, driven by additional costs from the acquired Stavola and Ameron businesses [106]. - Corporate overhead costs decreased by 5.5% to $15.4 million, primarily due to lower acquisition and divestiture-related expenses [122]. Acquisitions and Capital Expenditures - The company completed the acquisition of Stavola for $1.2 billion in cash, enhancing its Construction Products segment [92]. - Capital expenditures for the three months ended March 31, 2025, were $34.0 million, with full-year expectations of approximately $145 to $165 million [128]. Financial Position and Liquidity - As of March 31, 2025, the company had no outstanding loans and approximately $0.1 million of letters of credit, leaving $699.9 million available for borrowing under its revolving credit facility [130]. - The net cash required by operating activities for the three months ended March 31, 2025, was $0.7 million, compared to $80.5 million provided in the same period in 2024 [125]. - The Company believes that existing cash, available liquidity, and cash flow from operations will be sufficient to fund necessary capital expenditures and operating cash requirements for the foreseeable future [135]. Debt and Financing - The Term Loan has an aggregate principal amount of $700.0 million, with $100.0 million used to pay down the revolving credit facility, and requires mandatory prepayments from excess cash flow starting in fiscal year 2025 [133]. - The Company issued $600.0 million aggregate principal amount of 6.875% 2024 Notes, maturing in August 2032, and $400.0 million aggregate principal amount of 4.375% senior unsecured notes maturing in April 2029 [134]. - The Term Loan has a maturity date of October 1, 2031, and is prepayable at any time without penalty [133]. - The Credit Agreement requires maintenance of certain ratios related to leverage and interest coverage, with compliance as of March 31, 2025 [132]. - The Company’s financial covenants are guaranteed by certain domestic subsidiaries, and obligations are collateralized with substantially all personal property [132]. Taxation - The effective tax rate for the three months ended March 31, 2025 was 19.2%, compared to 17.1% for the same period in 2024, primarily due to higher state taxes [109]. Shareholder Returns - A quarterly cash dividend of $0.05 per share was declared in February 2025, paid on April 30, 2025 [136]. - The Board authorized a $50.0 million share repurchase program effective January 1, 2025, with no shares repurchased as of March 31, 2025 [137]. Market Risks - There has been no material change in market risks since December 31, 2024, as noted in the 2024 Annual Report [141].

Arcosa (ACA) Q1 2025 Earnings Call May 07, 2025 08:30 AM ET Company Participants Erin Drabek - VP - Investor RelationsAntonio Carrillo - President and CEOGail Peck - Chief Financial OfficerGarik Shmois - Managing DirectorIan Zaffino - Managing DirectorTrey Grooms - Managing Director Conference Call Participants Julio Romero - Equity AnalystBrent Thielman - MD & Senior Research Analyst Operator Good morning, ladies and gentlemen, and welcome to the Arcosa Inc. First Quarter twenty twenty five Earnings Confer ...

Financial Data and Key Metrics Changes - The company reported a consolidated adjusted EBITDA growth of 26%, outpacing a 12% revenue growth in the first quarter of 2025, with a margin expansion of 190 basis points [6][21] - The net debt to adjusted EBITDA ratio was maintained at 2.9 times, with expectations to reduce leverage to a target of 2 to 2.5 times over the next twelve months [7][19] Business Line Data and Key Metrics Changes - **Construction Products**: Revenues increased by 5%, driven by the Stabola acquisition, but organic revenues declined by 6% due to lower freight revenues and divestitures [11][12] - **Engineered Structures**: Revenues increased by 23%, largely due to higher wind tower volumes and the inorganic impact from the Amaron acquisition, with adjusted segment EBITDA increasing by 90% [15][16] - **Transportation Products**: Revenues were up 6%, with adjusted segment EBITDA increasing by 13%, driven by higher tank barge volumes [17] Market Data and Key Metrics Changes - The aggregates business represented 69% of construction materials revenues, with average organic pricing up 7% year-over-year and total pricing up 10% due to the Stabola acquisition [10][12] - The company expects continued investment in U.S. infrastructure to benefit operations, with strong demand conditions in various end markets [8][9] Company Strategy and Development Direction - The company is focused on executing its strategic vision, with a commitment to reducing leverage and enhancing operational efficiency [5][7] - The integration of the Stabola acquisition is expected to contribute positively in the second quarter, with a strong outlook for construction products and engineered structures [20][23] - The company anticipates sustained demand growth in utility structures due to increased electrification and renewable energy needs [25][26] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating the evolving macroeconomic environment, citing strong demand in most end markets and solid visibility from backlogs [8][9] - The company expects a strong 2025, reiterating full-year guidance with anticipated revenue of $2.9 billion and adjusted EBITDA of $570 million, reflecting a 17% and 30% increase, respectively [21][22] Other Important Information - The company reaffirmed its capital expenditure guidance of $145 to $165 million for the full year, with a focus on maintenance CapEx [20] - Free cash flow for the quarter was negative $30 million, but management expects improvement in the second half of the year [20] Q&A Session Summary Question: Can you elaborate on the wind tower contribution to sales and profit dollars in the quarter? - Management highlighted strong demand and volume growth in utility structures, with the wind tower facility ramping up effectively, contributing positively to margins [36][38] Question: What are the expectations for the construction products business moving forward? - Management indicated no surprises in the Stabola operations, with good demand and orders expected to improve significantly in the second quarter [66][71] Question: How is the company managing pricing versus volume declines in aggregates? - The company is focusing on margin rather than volume, with local decision-making to balance cost absorption and pricing strategies [92][93] Question: What is the outlook for the housing market and its impact on the business? - Management expects stabilization and a potential recovery in the housing market in the second half of the year, although not a booming market [104][105]

FIRST QUARTER 2025 EARNINGS CONFERENCE CALL FORWARD LOOKING STATEMENTS Some statements in this release, which are not historical facts, are "forward-looking statements" as defined by the Private Securities Litigation Reform Act of 1995. Forward- looking statements include statements about Arcosa's estimates, expectations, beliefs, intentions or strategies for the future. Arcosa uses the words "anticipates," "assumes," "believes," "estimates," "expects," "intends," "forecasts," "may," "will," "should," "guid ...

Montrouge, May 7, 2025 CREDIT AGRICOLE S.A. ANNOUNCES REDEMPTION OF EUR 750,000,000 Subordinated Fixed Rate Resettable Notes issued on June 5, 2020 (ISIN: FR0013516184)* Crédit Agricole S.A. (the “Issuer”) announces today the redemption (the “Redemption”) with effect on June 5, 2025 (the “Redemption Date”) of all of its outstanding EUR 750,000,000 Subordinated Fixed Rate Resettable Notes issued on June 5, 2020 (ISIN: FR0013516184) (the “Notes”) pursuant to Condition 6(e) (Redemption at the Option of the Iss ...

Arcosa (ACA) came out with quarterly earnings of $0.49 per share, beating the Zacks Consensus Estimate of $0.29 per share. This compares to earnings of $0.73 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 68.97%. A quarter ago, it was expected that this provider of infrastructure-related products and services would post earnings of $0.79 per share when it actually produced earnings of $0.46, delivering a surprise of -41.77%.O ...