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PHH Mortgage Receives Residential Servicing Ratings Upgrade from Fitch Ratings
GlobeNewswire· 2025-06-04 10:45
Core Viewpoint - PHH Mortgage has received an upgrade in its residential primary servicer ratings from Fitch Ratings, indicating a Stable Rating Outlook, reflecting the company's strong business model and operational discipline [1][2]. Group 1: Ratings Upgrade Details - Fitch Ratings upgraded the prime product to 'RPS2-' from 'RPS3+', the subprime product to 'RPS2-' from 'RPS3+', the Alt-A product to 'RPS2-' from 'RPS3', and special servicing to 'RSS2-' from 'RSS3' [5]. - Closed-End Second Lien and HELOC products were upgraded to 'RPS3+' from 'RPS3' [5]. Group 2: Company Strengths and Strategies - The ratings upgrade reflects the strength of PHH's balanced and diversified business model, commitment to operational and financial discipline, and growth across multiple channels [2][6]. - The company has been recognized for servicing excellence by Fannie Mae STAR and Freddie Mac SHARP programs and is rated as a Tier 1 servicer by HUD [6]. - PHH is focusing on its growth strategy through increased MSR retention, expanded product offerings, and improved recapture rates in its Consumer Direct channel [6]. - The company utilizes enhanced technology for increased customer engagement and personalized services [6]. - PHH has a highly tenured management team and employs a multi-layered enterprise risk management framework with a three lines of defense approach [6].
THOR Industries Announces Third Quarter Fiscal 2025 Results
GlobeNewswire· 2025-06-04 10:30
Core Insights - THOR Industries reported strong financial results for the third quarter of fiscal 2025, with net sales of $2.89 billion, a 3.3% increase from the previous year, driven by effective execution of strategic initiatives and improved margins [4][6][5] Financial Performance - Consolidated net sales for the third quarter were $2,894,816, compared to $2,801,113 in the same quarter of fiscal 2024, reflecting a 3.3% increase [6] - Gross profit for the third quarter was $443,119, up 5.0% from $421,852 in the prior year, with a gross profit margin of 15.3%, an increase of 20 basis points [8][6] - Net income attributable to THOR was $135,185, an 18.1% increase from $114,511 in the previous year, with diluted earnings per share rising to $2.53 from $2.13 [8][6] - Cash flows from operations reached $257,667, a 2.4% increase from $251,732 in the prior year, contributing to a year-to-date total of $319,249, a 53.8% increase [6][19] Segment Performance - North American Towable RVs segment net sales increased by 9.1% to $1,168,878, driven by a 5.5% increase in unit shipments and a 3.6% rise in net price per unit [10][12] - North American Motorized RVs segment net sales rose by 3.1% to $666,686, with unit shipments increasing by 10.9% [11][15] - European RVs segment net sales decreased by 5.1% to $883,542, impacted by a 12.2% decline in unit shipments [14][16] Strategic Initiatives - The company is undergoing strategic organizational restructuring to align with current market conditions, aiming to achieve additional operating efficiencies [7][18] - Management emphasized the importance of maintaining strong relationships with independent dealers to ensure rational inventory levels [17][22] Guidance and Outlook - THOR reaffirmed its revised full-year fiscal 2025 financial guidance, projecting consolidated net sales between $9.0 billion and $9.5 billion, with a gross profit margin of 13.8% to 14.5% and diluted earnings per share in the range of $3.30 to $4.00 [7][28][23] - The company anticipates challenging market conditions in the upcoming quarters but remains confident in its strategies to navigate through economic uncertainties [21][22]
Kraken Robotics Appoints Defense Industry Veteran and Former RTX and Boeing Executive Kristin Robertson to Board of Directors
GlobeNewswire· 2025-06-04 10:30
Core Insights - Kraken Robotics Inc. has appointed Kristin Robertson to its Board of Directors, bringing over 30 years of experience in the defense sector [1][4] - Robertson's background includes leadership roles at Boeing and RTX Corporation, focusing on advanced technology and defense solutions [2][4] - The company also announced the issuance of 3,425,000 stock options to employees and directors, with an exercise price of $2.42 [4] Company Overview - Kraken Robotics specializes in subsea intelligence through innovative 3D imaging sensors, power solutions, and robotic systems [5][6] - The company provides critical insights into ocean safety, infrastructure, and geology using advanced technologies like synthetic aperture sonar and LiDAR systems [6] - Kraken Robotics operates globally, supporting clients in over 30 countries from its headquarters in Canada and additional offices in North America and Europe [6]
Hyperscale Data Subsidiary Bitnile.com Accepting Nile Coin in its Social Casino
GlobeNewswire· 2025-06-04 10:30
Core Viewpoint - Hyperscale Data, Inc. has announced that its subsidiary Bitnile.com is now accepting Nile Coin as a payment method for its virtual in-game currency package, marking a significant step in integrating blockchain technology into its gaming platform [1][3]. Group 1: Company Developments - Bitnile.com launched Nile Coin on the Solana Blockchain on May 3, 2025, allowing users to purchase a package of virtual in-game currency known as Nile tokens [1]. - The Tokens are utilized for various casino-style social games on Bitnile.com, including slots, poker, and blackjack, but cannot be redeemed for cash or prizes [2]. - The Nile Package also includes Nile sweeps coins, which provide holders with entries into sweepstakes for potential prizes or cryptocurrency [2]. Group 2: Strategic Initiatives - The introduction of Nile Coin is part of a broader digital asset initiative by Hyperscale Data, aiming to merge blockchain innovation with real-world applications across gaming, finance, and AI infrastructure [3]. - The company plans to divest its subsidiary Ault Capital Group, Inc. by December 31, 2025, focusing solely on data center operations and high-performance computing services thereafter [7].
DIAGNOS Welcomes Former White House Economic Adviser Dr. Tomas J. Philipson to its Advisory Board for the US Market
GlobeNewswire· 2025-06-04 10:30
Core Insights - Diagnos Inc. has appointed Dr. Tomas J. Philipson to its Advisory Board, enhancing its expertise in healthcare policy and economic strategy [1][7] - The company focuses on early detection of critical eye-related health issues using AI technology, aiming to improve diagnostic accuracy and patient outcomes [8] Company Overview - Diagnos Inc. is a publicly traded Canadian corporation dedicated to leveraging AI for early detection of eye health problems [8] - The company has developed an AI platform that analyzes retina images, which are collected from thousands of optometrists globally [7] Market Potential - In 2020, the US conducted approximately 111 million routine eye exams and 60 million medical eye exams, indicating a significant market opportunity for Diagnos [7] - The recent establishment of a US office in South Florida aims to support the company's growth and client engagement in this expanding market [7] Advisory Board Expertise - Dr. Philipson is recognized for his extensive experience in US economic policy, particularly in healthcare, and has served in various high-level government roles [2][4] - His background includes being a managing partner at MEDA Ventures and co-founding Precision Health Economics LLC, showcasing his entrepreneurial and investment acumen [3][4] Academic and Professional Recognition - Dr. Philipson has received numerous awards in health economics, including the Arrow Award and the Garfield Award for Economic Research, highlighting his contributions to the field [5] - He holds advanced degrees in mathematics and economics from prestigious institutions, further solidifying his expertise [6]
2 Stroke Revolution: Bosuer 300CC Lightweight Powerhouse Redefines Enduro Performance
GlobeNewswire· 2025-06-04 10:21
Core Insights - Bosuer's 300cc 2-stroke dirt bike has made a significant impact at the 100% Enduro Championship in Russia, showcasing its performance and setting a new standard in the mid-displacement enduro market [1][3] - The bike is designed for both professional riders and as a wholesale option, aiming to enhance accessibility and value in the off-road motorcycle industry [1][3] Company Overview - Established in 2002, Bosuer has over 20 years of experience in manufacturing high-performance dirt bikes ranging from 50cc to 450cc [12] - The company focuses on democratizing performance through innovative, high-quality motorcycles that provide exceptional value to riders and business partners [12][13] Product Features - The Bosuer 300cc features a water-cooled, 2-stroke engine that delivers 35KW of power at 9000rpm and a maximum torque of 38N.m at 7000rpm, striking a balance between professional-grade performance and accessibility [5][6] - The bike weighs 115kg, providing a best-in-class power-to-weight ratio that ensures explosive acceleration and agility [8] - It boasts 310mm of ground clearance and a premium FASTACE adjustable suspension system, allowing it to tackle obstacles effectively and maintain higher speeds [9] - The braking system includes KTM-inspired 260mm front and 240mm rear discs, offering superior stopping power and precision for enhanced control [10] Market Position - The Bosuer 300cc is positioned to disrupt the global enduro motorcycle market with its exceptional handling and power delivery, appealing to both riders and spectators [3] - The product lineup includes wholesale dirt bikes, pit bikes, trail motorcycles, and ATVs, catering to a wide range of customers including wholesalers and private-label brands [13]
Resolutions of the Annual General Meeting of Shareholders of Aktsiaselts Infortar
GlobeNewswire· 2025-06-04 10:10
Aktsiaselts Infortar (registry code 10139414, seat and address Liivalaia 9, 10118 Tallinn), held its Annual General Meeting of Shareholders (hereinafter the General Meeting) on June 4, 2025 at 11:00 (Estonian time) at the conference centre of Tallink SPA & Conference Hotel at Sadama 11a, Tallinn. 45 shareholders were registered as attending at the Annual General Meeting of Shareholders, who owned 17,562,509 votes/shares (the amount of represented share capital 1,756,250.90 EUR), forming 85,91% of Aktsiaselt ...
Jiayin Group Inc. Reports First Quarter 2025 Unaudited Financial Results
GlobeNewswire· 2025-06-04 10:00
-- First Quarter Total Loan Facilitation Volume Grew 58.2% to RMB35.6 billion, compared with the same period of 2024 ---- First Quarter Net Revenue Grew 20.4% to RMB1,775.6 million, compared with the same period of 2024 -- SHANGHAI, China, June 04, 2025 (GLOBE NEWSWIRE) -- Jiayin Group Inc. (“Jiayin” or the “Company”) (NASDAQ: JFIN), a leading fintech platform in China, today announced its unaudited financial results for the first quarter ended March 31, 2025. First Quarter 2025 Operational and Financial Hi ...
17 Education & Technology Group Inc. to Report First Quarter 2025 Unaudited Financial Results on June 10, 2025
GlobeNewswire· 2025-06-04 10:00
Company Overview - 17 Education & Technology Group Inc. is a leading education technology company in China, providing smart in-school classroom solutions that enhance teaching, learning, and assessment through data-driven products [5] - The company focuses on digital transformation in Chinese schools, offering SaaS solutions aimed at improving the efficiency of core teaching scenarios such as homework assignments and in-class teaching [5] - Additionally, the company provides personalized self-directed learning products for families, utilizing technology and data insights to enhance students' learning efficiency [5] Financial Reporting - The company will report its unaudited financial results for the first quarter ended March 31, 2025, on June 10, 2025, after the close of U.S. markets [1] - An earnings conference call is scheduled for June 10, 2025, at 9:00 p.m. U.S. Eastern Time, which will be June 11, 2025, at 9:00 a.m. Beijing time [1] Conference Call Details - Participants must preregister online to receive dial-in details for the conference call [2] - A live and archived webcast of the conference call will be available on the company's investor relations website [4]
Summary of extraordinary general meeting of Realkredit Danmark A/S
GlobeNewswire· 2025-06-04 09:30
Summary of Extraordinary General Meeting - Realkredit Danmark A/S held an extraordinary general meeting on June 4, 2025, at 10:00 am [1] - The agenda included the election of Claus Schrøder Jensen as the Head of Wholesale Credit and LC&I Risk Management to the Board of Directors, which was unanimously adopted [4] - There were no additional proposals or issues raised under the second item of the agenda [1][4] Board of Directors Composition - The current Board of Directors includes members elected by the employees, alongside the executive management team [2] - The names of the board members include Christian Bornfeld, Jesper Koefoed, Jakob Bøss, Linda Fagerlund, Claus Schrøder Jensen, Majken Hammer Sløk, Christian Hilligsøe Heinig, and Gøsta Harboe Rasmussen [5] Contact Information - For further inquiries, Helle Meineche can be contacted at +45 21 55 87 42 [2]