Core Insights - Goldstorm Metals Corp. announced high-grade gold, silver, and copper results from surface sampling at the Crown Property and drilling results from the Electrum Property, both located in British Columbia's Golden Triangle [1][5][25] - The 2025 exploration program included extensive sampling and geophysical surveys, which have advanced early-stage prospects into drill-ready targets [5][8] Crown Property Exploration - The 2025 field exploration program at the Crown Property involved surficial sampling, geological mapping, and geophysical surveys, which helped define the geological potential of the area [5][8] - A total of 657 samples were collected, revealing multiple high-grade results, including sample 121777 with 103 g/t gold and 197 g/t silver [6][9][10] - Significant mineralization styles were observed, indicating potential intrusive-related sources at depth, supported by geophysical anomalies [8][10] Electrum Property Drilling - The 2025 drilling program at the Electrum Property included six holes totaling 1,172 meters, targeting epithermal veins with precious and base-metal mineralization [17][19] - All drill holes encountered gold and silver mineralization, with notable intercepts validating the association of silver with gold mineralization [17][19] - The drilling results indicate a potential trend extending from Silbak Premier to Brucejack Lake, with significant gold and silver intercepts reported [17][19] Delta West Discovery - A new gold zone called Delta West was discovered approximately 10 kilometers south of Newmont's Valley of the Kings deposit, with select grab samples returning values as high as 39.9 g/t gold [15][25] - The area will be a priority target for continued exploration efforts in 2026 [15] Geological Context - The Orion area, centered on the Crown Property, shows strong indications for hosting various economic mineral deposit styles, including VMS, copper-gold skarn, and epithermal gold-silver systems [11][25]

Core Viewpoint - Crown Holdings, Inc. announced the pricing terms for a cash tender offer by its subsidiary to purchase all of its 7 3/8% Debentures due 2026 [1] Group 1 - The tender offer is being conducted by Crown Cork & Seal Company, Inc., a wholly-owned subsidiary of Crown Holdings [1] - The company is targeting its 7 3/8% Debentures that are set to mature in 2026 [1]

Core Viewpoint - Crown Holdings (CCK) is recommended with a Buy rating and a three-year target price of $140, indicating an approximate 15% internal rate of return (IRR) including dividends [1] Group 1: Company Positioning - The company has transitioned from a capital expenditure-heavy phase to a disciplined, shareholder-focused approach [1] Group 2: Investment Strategy - The investment strategy emphasizes identifying high-quality and/or severely mispriced investment opportunities, focusing on acquiring great companies at attractive prices [1]

Core Viewpoint - The recommendation is a Buy rating on Crown Holdings (CCK) with a three-year target price of $140, indicating a ~15% Internal Rate of Return (IRR) including dividends [1] Company Positioning - Crown Holdings has transitioned from a capital expenditure-heavy phase to a disciplined, shareholder-focused approach [1]

Core Viewpoint - Crown Crafts, Inc. reported mixed results for the second quarter of fiscal 2026, with a decline in net sales but a significant increase in net income, highlighting the impact of cost control measures and ongoing challenges from tariffs and supply chain issues [2][3][4]. Financial Performance - Net sales decreased by 3.1% to $23.7 million from $24.5 million year-over-year, primarily due to a 13.2% drop in bedding and diaper bag sales, partially offset by a 6.6% increase in bibs, toys, and disposable products [2]. - Net income rose by 34.5% to $1.2 million, or $0.11 per share, compared to $0.9 million, or $0.08 per share, driven by a 13.6% reduction in marketing and administrative expenses [3]. - Gross margin decreased to 27.7% from 28.4% due to higher tariff costs on goods sourced from China [3]. Operational Insights - Management noted that elevated tariffs and supply chain volatility continued to pressure margins, with CEO Olivia Elliott emphasizing the ongoing impact of the tariff environment [4]. - Inventory at the end of the quarter was $32.6 million, slightly above fiscal year-end levels, while cash increased to $0.8 million from $0.5 million [4]. - Total indebtedness stood at $16.3 million, with $13.7 million available on the credit line [4]. Segment Performance - Bedding and diaper bags were identified as weak spots due to fewer items in a major retailer's program and continued margin strain from tariffs [5]. - Strong performance was noted in toys and bibs, particularly benefiting from international demand, especially in Europe [5][9]. Management Commentary - Management expressed confidence in the company's ability to expand earnings despite challenges, attributing improved bottom line results to lower marketing and administrative costs [6]. - The redesigned Stella doll and the ring stacker toy were highlighted as successful products, with the latter being the top-selling SKU worldwide [7]. Strategic Initiatives - The company is actively seeking suppliers outside of China to mitigate tariff impacts on diaper bags [8]. - Higher advertising spending is viewed as a strategic decision to strengthen long-term sales momentum, particularly for the Manhattan Toy brand [9]. Future Outlook - Crown Crafts did not provide formal quantitative guidance for fiscal 2026 but acknowledged macroeconomic uncertainties related to tariffs and supply chain conditions [11]. - Management expressed optimism about long-term growth opportunities and potential for improved profitability as cost-reduction measures are implemented [11]. Recent Developments - The company began consolidating operations across its subsidiaries, NoJo and Sassy, to eliminate redundant costs, with expected savings to be refined during fiscal 2027 budget planning [12]. - Crown Crafts declared a quarterly dividend of $0.08 per share, continuing its policy of returning capital to shareholders [13].

Core Viewpoint - Crown Crafts, Inc. reported a net income growth despite a slight decline in overall sales, indicating resilience in navigating industry challenges, particularly due to tariff pressures on margins [2][4]. Financial Performance - Net sales for the second quarter of fiscal 2026 were $23.7 million, down from $24.5 million in the same quarter of the previous year [4][10]. - Gross profit margin decreased to 27.7% from 28.4% year-over-year, primarily due to increased tariff costs on imported products [5][10]. - Net income increased to $1.2 million, or $0.11 per share, compared to $0.9 million, or $0.08 per share, in the prior year quarter [10]. Cost Management - The company successfully reduced marketing and administrative expenses by $0.7 million, representing 19.9% of net sales, down from 22.3% in the previous year [6][10]. - Ongoing efforts to consolidate internal operations aim to eliminate redundant costs and achieve further savings [3][4]. Dividend Declaration - The Board of Directors declared a quarterly cash dividend of $0.08 per share, payable on January 2, 2026, to stockholders of record as of December 12, 2025 [7][10]. Strategic Focus - The company is focused on leveraging prior acquisitions, expanding product lines, and utilizing pricing strategies to enhance long-term shareholder value as consumer demand stabilizes [4][10].

Core Viewpoint - Crown Holdings (CCK) is experiencing solid improvement in earnings estimates, which may lead to continued short-term price momentum for the stock [1][2]. Earnings Estimates - Analysts show growing optimism regarding Crown Holdings' earnings prospects, reflected in upward revisions of earnings estimates [2]. - The consensus earnings estimate for the current quarter is $1.71 per share, indicating a year-over-year increase of +7.6% [6]. - For the full year, the expected earnings are $7.76 per share, representing a +21.1% change from the previous year [7]. Estimate Revisions - Over the last 30 days, the Zacks Consensus Estimate for the current quarter has increased by 5.41%, with four estimates moving higher and no negative revisions [6]. - The consensus estimate for the full year has also risen by 5.03%, with five estimates going up and no negative revisions [7][8]. Zacks Rank - Crown Holdings currently holds a Zacks Rank 2 (Buy), indicating promising estimate revisions and potential for outperformance [9]. - Stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) have historically outperformed the S&P 500 [9]. Stock Performance - The stock has increased by 9.9% over the past four weeks due to strong estimate revisions, suggesting further upside potential [10].

Core Insights - Jacobs has been appointed as a supplier on the UK's Crown Commercial Service's Management Consultancy Framework Four (MCF4) for infrastructure advisory services through 2027 [1][2][3] Group 1: Appointment and Services - Jacobs will provide consulting, advisory services, and digital solutions across key sectors such as transportation, cities & places, defense, and clean energy [2][4] - The company aims to enhance the delivery of cleaner and smarter infrastructure while improving value for money from public investments [2][3] Group 2: Strategic Partnerships - Jacobs will collaborate with PA Consulting to support clients in strategy and transformation work, leveraging PA's expertise in various consultancy lots [4] - This partnership is expected to enhance Jacobs' ability to address pressing infrastructure needs in the public sector [3][4] Group 3: Financial Impact - The Crown Commercial Service reported that it helped the public sector achieve commercial benefits of £5.3 billion ($7 billion) in 2024/25 [5] - Jacobs, with approximately $12 billion in annual revenue, employs nearly 6,000 people in the UK, indicating a significant operational footprint [6]

Core Viewpoint - Crown Crafts, Inc. is set to release its second quarter fiscal 2026 operational results on November 12, 2025, before market opening, with a teleconference scheduled for discussion [1] Company Overview - Crown Crafts, Inc. designs, markets, and distributes a range of infant, toddler, and juvenile consumer products, and is one of the largest producers in the U.S. for items such as infant bedding, diaper bags, and toys [4] - The company operates through subsidiaries NoJo Baby & Kids, Inc. and Sassy Baby, Inc., offering products under various trademarks and private label programs [4] - Sales channels include mass merchants, chain stores, specialty stores, and direct-to-consumer through its websites [4] Teleconference Details - The teleconference will be hosted by Olivia W. Elliott, President and CEO, and Claire K. Spencer, Vice President and CFO, at 8:00 a.m. Central Standard Time [1] - Interested participants can join by calling (844) 861-5504 or listen online via the company's website [2] - A replay of the teleconference will be available for one hour after the call until 4:00 p.m. Central Standard Time on February 10, 2026 [3]

Financial Performance - Net sales for the three months ended September 30, 2025, increased to $3,202 million, up from $3,074 million in 2024, representing a growth of 4.2%[145] - For the nine months ended September 30, 2025, net sales rose to $9,238 million, compared to $8,898 million in 2024, an increase of 3.8%[145] - The Americas Beverage segment reported net sales of $1,417 million for Q3 2025, up from $1,368 million in Q3 2024, with segment income decreasing to $255 million from $280 million[151] - The European Beverage segment saw net sales increase to $658 million in Q3 2025, up from $573 million in Q3 2024, with segment income rising to $109 million from $86 million[156] - The Asia Pacific segment experienced a decline in net sales to $259 million in Q3 2025 from $284 million in Q3 2024, with segment income decreasing to $44 million from $50 million[161] - The Transit Packaging segment reported net sales of $517 million for Q3 2025, down from $526 million in Q3 2024, with segment income remaining flat at $70 million[166] - Other segments reported net sales of $351 million in Q3 2025, an increase from $323 million in Q3 2024, with segment income rising to $51 million from $27 million[171] Capital Expenditures and Investments - The company plans to invest approximately $400 million in capital spending for 2025 to meet expected demand growth[134] - The Company expects capital expenditures in 2025 to be approximately $400 million[197] Stock and Financial Management - The company has authorized a stock repurchase program of $2,000 million, with approximately $1,500 million remaining as of July 2024[135] - Corporate and unallocated expenses were relatively flat at $(39) million for Q3 2025 compared to $(41) million in Q3 2024, with a total of $(126) million for the nine months ended September 30, 2025, compared to $(127) million in the same period of 2024[177] - Restructuring and other net charges amounted to $30 million for Q3 2025 and $75 million for the nine months ended September 30, 2025, primarily due to asset impairment charges in Myanmar and China[178] - Interest expense decreased from $119 million to $101 million for Q3 2025 and from $344 million to $303 million for the nine months ended September 30, 2025, attributed to lower borrowings and interest rates[183] Cash Flow and Liquidity - Cash from operating activities increased from $897 million for the nine months ended September 30, 2024, to $1,043 million for the same period in 2025, driven by higher income from operations[191] - Cash used for investing activities decreased from $208 million for the nine months ended September 30, 2024, to $121 million for the same period in 2025, mainly due to lower capital expenditures[196] - Cash used for financing activities increased from $260 million to $680 million for the nine months ended September 30, 2025, primarily due to the repayment of $875 million in senior notes[198] - As of September 30, 2025, the Company had $935 million of cash and cash equivalents located outside the U.S., with $446 million held by subsidiaries for which earnings are considered indefinitely reinvested[199] Debt and Leverage - The Company's total net leverage ratio was 2.4 to 1.0 at September 30, 2025, compliant with the covenant requiring a ratio no greater than 4.5 to 1.0[202] - As of September 30, 2025, the Company had $1.9 billion in principal floating interest rate debt and $1.5 billion in securitization and factoring[223] - A change of 0.25% in floating interest rates would result in an annual interest expense change of approximately $9 million before tax[223] Risk Management - The Company manages market risks through derivative financial instruments, primarily swaps and forwards, to limit the impact on earnings and cash flow[222] - The Company is exposed to risks from adverse fluctuations in foreign exchange, interest rates, and commodity prices[222] - Management's estimates and assumptions in financial reporting could lead to actual results differing from reported outcomes[216] Forward-Looking Statements - The Company does not intend to review or revise forward-looking statements in light of future events[220] - Important factors affecting actual results are discussed in the Annual Report on Form 10-K for the year ended December 31, 2024[221] - Forward-looking statements are based on management's expectations and involve risks and uncertainties[219] Accounting Policies - The Company’s accounting policies are updated in accordance with new accounting pronouncements as applicable[216] - The Company’s financial statements are prepared in accordance with U.S. generally accepted accounting principles[215] Sustainability Initiatives - The company continues to focus on sustainability, having introduced the Twentyby30 program with 20 measurable goals to be completed by 2030[136]