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Annual General Meeting of AB SKF
Prnewswire· 2025-04-01 14:47
The Board members and the CEO were discharged from liability for their administration of the company for the financial year 2024. Hans Stråberg, Hock Goh, Geert Follens, Håkan Buskhe, Susanna Schneeberger, Rickard Gustafson, Beth Ferreira, Therese Friberg, Richard Nilsson and Niko Pakalén were reelected as Board members. Mats Rahmström was newly elected as a Board member. GOTHENBURG, Sweden, April 1, 2025 /PRNewswire/ -- The Annual General Meeting of Aktiebolaget SKF was held on Tuesday, 1 April 2025. The i ...
2 Deep-Value Stocks I'm Buying Hand Over Fist in April
The Motley Fool· 2025-04-01 10:42
A great company with temporary uncertainty When President Trump recently announced 25% tariffs on cars that aren't made in America, General Motors (GM 0.80%) was one of the hardest-hit auto stocks, and for good reason: About 30% of the vehicles GM sells in the United States are built in either Canada or Mexico, and another 18% are built in other foreign countries. This could certainly weigh on GM's business in the short term, but from a long-term perspective, GM is an extremely cheap stock with a lot to lik ...
Notice of Annual General Meeting in Swedish Orphan Biovitrum AB (publ)
Prnewswire· 2025-04-01 06:43
STOCKHOLM, April 1, 2025 /PRNewswire/ -- The shareholders in Swedish Orphan Biovitrum AB (publ) (Sobi®) Reg. No. 556038-9321, are hereby summoned to the Annual General Meeting (the "Meeting"), to be held on Thursday, 8 May 2025 at 10.00 at IVA Konferenscenter, Grev Turegatan 16, Stockholm, Sweden. The Board of Directors has decided that shareholders shall be able to exercise their voting rights at the Meeting also by postal voting. Right to participate and registration (A) Participation at the meeting venue ...
Quimbaya Gold Announces Annual General Meeting Results and Board Changes
Newsfile· 2025-04-01 06:30
Quimbaya Gold Announces Annual General Meeting Results and Board Changes April 01, 2025 2:30 AM EDT | Source: Quimbaya Gold Inc. Vancouver, British Columbia--(Newsfile Corp. - April 1, 2025) - Quimbaya Gold Inc. (CSE: QIM) (OTCQB: QIMGF) (FSE: K05) ("Quimbaya Gold" or the "Company") is pleased to announce that shareholders voted to approve all items of business put forth to shareholders at the Company's Annual General and Special Meeting ("AGSM") held on March 28, 2025, including the election of directors, ...
Dollar General Just Raised a Huge Red Flag About the State of the Economy. What Does It Mean for Investors?
The Motley Fool· 2025-03-29 07:59
Core Viewpoint - Dollar General is experiencing significant challenges as its core customers, primarily low-income shoppers, are facing financial constraints exacerbated by inflation [2][3][4] Company Performance - Dollar General's sales increased by 5% to $40.6 billion for the most recent fiscal year, but same-store sales growth was only 1.4% [6] - The company plans to close 96 underperforming Dollar General stores and 45 pOpshelf stores, yet it remains committed to opening more locations [7] - For the new fiscal year, Dollar General projects same-store growth between 1.2% to 2.2% [8] Economic Context - The economic outlook is concerning, with potential additional tariffs from the government that could further strain consumer finances [5] - CEO Todd Vasos indicated that consumers are prioritizing basic essentials over discretionary spending, suggesting a bleak near-term outlook [4] Stock Performance - Dollar General's stock has risen by 10% this year, outperforming the S&P 500, which has declined by 2%, but the stock is still down over 60% in the past three years [8] - The stock is currently trading at 15 times next year's estimated earnings, but challenging economic conditions and uncertainties surrounding tariffs raise concerns about future performance [9]
Dollar General's Strategy To Tackle Debt And Shrink Could Drive Margin Expansion, Analyst Says
Benzinga· 2025-03-28 18:40
Group 1 - BofA Securities analyst Robert F. Ohmes reiterated a Buy rating on Dollar General Corporation with a price forecast of $90.00, citing expected benefits from increasing trade-in activity that will drive comparable sales and stabilize demand from core customers [1][2] - The company observed early signs of increased trade-in activity in late third quarter, with significant levels in the fourth quarter leading to larger basket sizes in both dollar value and units [2] - Dollar General's inventory levels have improved throughout 2024, following aggressive reductions, and this trend is expected to continue into the first quarter of 2025 [3] Group 2 - An accelerated store remodeling plan covering 20% of stores annually is anticipated to reduce shrink, lower maintenance costs, and minimize operational disruptions [4] - The company has several drivers for gross margin expansion, including strategic initiatives, shrink reduction, and lower damages, with the DG Media Network being a key contributor [4] - Dollar General's Back to Basics strategy aims to enhance efficiency and reduce SG&A costs through initiatives like SKU rationalization, inventory reduction, and distribution center resets [5]
Notice of Annual General Meeting in Securitas AB
Prnewswire· 2025-03-28 12:58
Group 1 - The Annual General Meeting (AGM) of Securitas AB is scheduled for May 8, 2025, at Hilton Stockholm Slussen, with registration starting at 15:00 CEST [1][2] - Shareholders must be recorded in the share register by April 29, 2025, and notify their intention to participate by May 2, 2025 [2][4] - The proposed agenda includes the presentation of the Annual and Sustainability Report, Auditor's Report, and resolutions regarding profit appropriation and dividend [7][9] Group 2 - The Nomination Committee has proposed the election of Jill D. Smith and Massimo Grassi as new Board members, with Jan Svensson re-elected as Chair of the Board [10][17] - The total fees for Board members are proposed to be SEK 12,996,000, reflecting a 20% increase compared to the previous year [16][12] - The Board proposes a dividend of SEK 4.50 per share, to be distributed in two payments [20] Group 3 - The Board proposes authorization for share repurchase and transfer to cover costs associated with the long-term incentive program (LTI 2025/2027) [21][52] - LTI 2025/2027 aims to include approximately 90 employees, with performance awards tied to sustainability and operating margin targets [25][26][37] - The maximum cost for LTI 2025/2027 is estimated at SEK 272 million, allocated over the Vesting Period [51][53] Group 4 - The guidelines for remuneration to Group Management include a fixed salary, variable cash remuneration, and pension benefits, with a maximum variable cash remuneration of 100% for the CEO [57][62] - The performance-based targets for variable cash remuneration are intended to align with Securitas' long-term interests and sustainability [68][59] - The decision-making process for remuneration includes evaluations based on measurable performance targets [69][73]
STMicroelectronics Reports on Resolutions to be Proposed at the 2025 Annual General Meeting of Shareholders
GlobeNewswire News Room· 2025-03-27 21:40
Core Points - STMicroelectronics announced resolutions to be proposed at the 2025 Annual General Meeting of Shareholders scheduled for May 28, 2025 [2] - The record date for shareholders to participate in the AGM is set for April 30, 2025 [2] Financial Resolutions - Adoption of the statutory annual accounts for the year ended December 31, 2024, prepared in accordance with IFRS [3] - Distribution of a cash dividend of US$ 0.36 per outstanding share, to be paid in quarterly installments of US$ 0.09 from Q2 2025 to Q1 2026 [3] - Approval of stock-based compensation for the President and CEO and the Chief Financial Officer [3] Board Appointments and Authorizations - Appointment of Werner Lieberherr to the Supervisory Board for a three-year term [3] - Reappointment of Ms. Anna de Pro Gonzalo and Ms. Hélène Vletter-van Dort to the Supervisory Board for three-year terms [3] - Appointment of PricewaterhouseCoopers Accountants N.V. as the external auditor for financial years 2026-2029 [3] - Authorization for the Managing Board to repurchase shares until the conclusion of the 2026 AGM [3] - Delegation of authority to the Supervisory Board to issue new common shares and limit existing shareholders' pre-emptive rights until the end of the 2026 AGM [3] Dividend Schedule - The quarterly dividend payment schedule includes specific ex-dividend and record dates for Q2, Q3, Q4 of 2025, and Q1 of 2026 [6] Company Overview - STMicroelectronics is a global semiconductor leader with 50,000 employees and over 200,000 customers, focusing on sustainable technology solutions [7] - The company aims to achieve carbon neutrality in all direct and indirect emissions by the end of 2027 [7]
Goldman Sees Premium Pet Food As Bright Spot For Colgate And General Mills Amid Consumer Caution
Benzinga· 2025-03-27 18:16
Core Insights - The U.S. consumer is becoming more cautious due to inflation, tariffs, and geopolitical uncertainty, impacting the broader staples sector [1] - Premium pet food offerings from companies like Colgate-Palmolive and General Mills are expected to remain resilient despite short-term pressures in the consumer packaged goods sector [2] Company Analysis - Colgate-Palmolive is expected to achieve sustained mid-single-digit organic sales growth driven by its Hill's Pet Nutrition division, with a price forecast of $106.00 and a Buy rating reiterated by analysts [3][5] - General Mills is projected to return to 2% – 3% organic sales growth by fiscal 2027, with its pet food business being a key catalyst, and a price forecast of $68.00 has been reiterated [6] Market Trends - The global premium pet food market is projected to grow at around 5% through 2030, with contributions from both volume and pricing [4] - The increasing humanization of pets is expected to drive mid-single-digit category growth, benefiting premium pet food [7] Competitive Landscape - General Mills has historically expanded market share through acquisitions, with its recent purchase of Whitebridge expected to enhance its position in the pet food market [7] - Despite competition from private labels, General Mills's premium positioning has supported sales acceleration and market share stability [8]
General Dynamics Wins a $1.07B Deal to Aid Virginia Class Submarines
ZACKS· 2025-03-27 16:55
Group 1: General Dynamics Corporation's Contract - General Dynamics Corporation's Electric Boat unit secured a modification contract for Virginia Class Block VI submarines valued at $1.07 billion, expected to be completed by September 2035 [1][2] - The contract involves providing long lead time material for the submarines, with work to be executed in multiple locations including Sunnyvale, CA; Florence, NJ; and York, PA [2] Group 2: Importance of Virginia Class Submarines - Virginia Class submarines are designed for modern missions such as anti-submarine warfare, surface combat, special operations, and intelligence gathering, making them essential for the U.S. Navy [3] - Their stealthy design and compatibility with military systems enhance national security and surveillance capabilities [3] Group 3: Market Growth and Demand - The global submarine market is projected to grow at a compound annual growth rate of 7.6% from 2025 to 2030, driven by rising military conflicts and the need for advanced technologies [5][6] - General Dynamics is well-positioned to benefit from this growth as a leading contractor in the submarine market [6] Group 4: Opportunities for Other Defense Players - Huntington Ingalls Industries is involved in producing Columbia-class and Virginia-class submarines, with a long-term earnings growth rate of 11.1% and a projected 3.7% sales growth for 2025 [7][8] - BAE Systems, a key player in the UK defense sector, has a long-term earnings growth rate of 11.9% and is expected to see a significant sales growth of 53.7% in 2025 [8][9] - Northrop Grumman Corporation manufactures missile launch systems for submarines, with a long-term earnings growth rate of 4.2% and a projected 3% sales growth for 2025 [10] Group 5: Stock Performance - General Dynamics shares have increased by 6.8% over the past month, outperforming the industry average growth of 2.1% [11]