Ryan Greenawalt: Thank you, Jason, and good afternoon, everyone. We appreciate you joining us to review Alta Equipment Group Inc.'s fourth quarter and full year 2025 results. I will begin with an overview of our performance, highlight trends across our business segments, and outline how we are positioning Alta for long-term value creation as we look toward 2026 and beyond. We finished the year on a solid note. After operating through nearly two years of elevated inventories, tariff-driven cost pressures, an ...

都柏林, Feb. 26, 2026 (GLOBE NEWSWIRE) -- 长期以来，商务差旅中的员工关怀聚焦于显而易见的基础事项：航班预订无误、酒店邻近会议地点、保险单据妥善归档“以备不时之需”。 其余事宜则由出差人员在旅途中自行处理。 随着工作模式日益移动化，企业为海外员工提供支持的方式也在不断扩展，数字网络连接正逐渐成为重要议题。 Holafly《全球 eSIM 与差旅报告》(Global eSIM & Travel Report) 最新洞察显示，79% 的企业现已为国际差旅员工提供某种形式的数字网络连接。 如今的商务差旅往往意味着落地异国后，就必须立即应对陌生的系统：交通、地图、支付、身份验证应用程序、临时变更以及来自国内的紧急需求。 当移动网络连接中断时，其影响远不止于工作效率。 它会在员工最脆弱的时刻引发压力、不确定性和孤立无援之感。 正因如此，企业对这一议题的认知正在发生转变。在国外保持连接，不再只是为了能顺利参加会议，更关乎员工的安全感、自主性与被关怀感。 稳定的连接帮助员工顺利抵达酒店，在计划变更时联系支持团队，管理费用，访问公司工具，并同时保持与工作和个人社交圈的联系。 这些时刻对员工感 ...

Core Viewpoint - Volvo Cars is recalling over 40,000 EX30 SUVs due to a risk of battery overheating and potential fire hazards, which is critical for its competitive strategy against cheaper Chinese brands [1][2]. Group 1: Recall Details - The recall affects 40,323 model year 2024-2026 EX30 Single-Motor Extended Range and Twin-Motor Performance vehicles equipped with high-voltage battery cells [2]. - Volvo is replacing the affected battery modules free of charge and advises owners to limit charging to 70% until repairs are completed [5][8]. - The company has identified 189 affected vehicles in the U.S. that will be inspected and repaired if necessary [6]. Group 2: Financial Implications - The estimated cost for replacing the battery packs could reach $195 million, based on analysis from a Chinese battery maker, excluding logistics and repair costs [9]. - Volvo is in discussions with its battery supplier, Shandong Geely Sunwoda Power Battery Co., which has reportedly resolved the issue [10]. Group 3: Brand Reputation - Volvo's safety reputation is crucial, and the company cannot afford safety issues as they directly impact its brand identity [13][14]. - The automaker is proactively contacting owners of affected vehicles to guide them through the recall process [14].

Renault to take full ownership of electric van joint venture Flexis February 23, 20267:25 AM UTCUpdated ago By Reuters A logo of Renault is seen outside a Renault car dealer in Arnhem, Netherlands February 18, 2025. REUTERS/Piroschka van de Wouw/File Photo Purchase Licensing Rights, opens new tab Feb 23 (Reuters) - Renault (RENA.PA), opens new tab will acquire truckmaker Volvo's (VOLVb.ST), opens new tab and shipping group CMA CGM's respective stakes in new generation electric vans joint venture Flexis, the ...

Core Insights - Park Place Dealerships, part of Asbury Automotive Group, Inc. (NYSE: ABG), has initiated the construction of a new Porsche dealership and an expanded Volvo facility in Dallas, indicating a strong commitment to enhancing the luxury automotive retail experience in North Texas [1] Company Developments - The project involves a significant investment in client experience and is expected to shape the future of luxury automotive retail in the region [1] - Park Place Dealerships acquired 15 acres of land in December 2024 for this development [1] - The state-of-the-art Porsche dealership is projected to be completed by 2027 [1]

Financial Data and Key Metrics Changes - Fourth quarter 2025 revenue totaled $1 million, reflecting a 25% sequential increase from the third quarter [18] - Fiscal year 2025 adjusted revenue was $4 million, including pilot revenue earned before the commercial launch [19] - Fourth quarter operating loss was $238 million, with R&D costs at $155 million and SG&A at $30 million [19] - The company ended the year with nearly $1.5 billion in cash and short-term investments [20] - Revenue expectations for 2026 are projected to be between $14 million and $16 million, representing a 400% year-over-year increase at the midpoint [21] Business Line Data and Key Metrics Changes - The Aurora Driver achieved a record number of commercial miles driven during the fourth quarter, contributing to revenue growth [18] - The company plans to exit 2026 with over 200 driverless trucks in operation, translating to approximately $80 million in revenue on a run-rate basis [21] Market Data and Key Metrics Changes - The company has expanded its operational domain significantly, with the Aurora Driver now capable of operating in inclement weather, which previously constrained operations about 40% of the time [8][9] - The launch of supervised autonomous freight delivery supports multiple customer sites, indicating a growing market presence [11] Company Strategy and Development Direction - The company aims to fundamentally improve safety and restructure the economics of the logistics industry through its driverless technology [7] - Plans for 2026 include scaling driverless operations and transitioning to a driver-as-a-service business model in 2027 [12][13] - The company is focused on executing strategic investments necessary to scale and extend its leadership position in autonomous trucking [22] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving significant revenue growth in 2026, driven by the scaling of driverless operations [21] - The company anticipates a strong demand for its services, with customer interest supporting a pipeline of thousands of trucks [13][71] - Management highlighted the importance of customer demand in driving the expansion of operational lanes and capabilities [40][74] Other Important Information - The company has made significant progress in its partnerships with OEMs, including Volvo and PACCAR, to support the production of autonomous trucks [14][15] - The second-generation commercial hardware kit is expected to reduce hardware costs by over 50% [21][36] Q&A Session Summary Question: Clarification on end-of-year truck guidance and revenue expectations - Management indicated that revenue will be back-end loaded, with significant growth expected in the second half of 2026 as the fleet launches in Q2 [24] Question: Timeline for serial commercial production - Management described serial production as a gradual increase in driverless miles and revenue, with expectations for incremental volume in 2027 [26][28] Question: Details on the target for more than 200 trucks by year-end - Management confirmed that the target refers to fully driverless trucks without an observer, emphasizing the importance of scaling operations [30][31] Question: Improvement in driver hardware costs - Management explained that cost reductions stem from design improvements, scale efficiencies, and advancements in technology [34][36] Question: Customer interest and sales process - Management highlighted strong customer interest and the ability to respond quickly to demand, exemplified by the Detmar agreement [39][40] Question: Composition of trucks and OEM partnerships - Management expressed confidence in achieving the target of 200 trucks, with a mix of vehicles from various OEM partners [64][65] Question: Visibility into 2027 plans and potential risks - Management reassured that partnerships and production plans are on track, with a focus on scaling operations effectively [66][67]

Financial Data and Key Metrics Changes - In Q4 2025, revenue totaled $1 million, reflecting a 25% sequential increase from Q3 2025, driven by a record number of commercial miles driven [18] - Total year-adjusted revenue for fiscal year 2025 was $4 million, including pilot revenue from Q1 2025 [18] - The operating loss for Q4 2025 was $238 million, with R&D expenses at $155 million and SG&A at $30 million [18] - The company ended the year with approximately $1.5 billion in cash and short-term investments, indicating a strong balance sheet [19] - For 2026, the company expects revenue between $14 million and $16 million, representing a 400% year-over-year increase at the midpoint [19][20] Business Line Data and Key Metrics Changes - The Aurora Driver achieved 250,000 driverless miles, nearly tripling the cumulative miles from early October 2025 [5] - The company plans to exit 2026 with over 200 driverless trucks in operation, translating to approximately $80 million in revenue on a run-rate basis [21] - The second-generation commercial kit is expected to drive a 50% reduction in hardware costs, contributing to a target of break-even gross margin by the end of 2026 [21] Market Data and Key Metrics Changes - The company is expanding its operational domain across the Sunbelt, with new routes including Dallas to Laredo and El Paso to Fort Worth [9][11] - The expansion of driverless capabilities in inclement weather is expected to significantly increase operational availability, which was constrained 40% of the time in Texas during 2025 [8] Company Strategy and Development Direction - The company aims to fundamentally improve safety and restructure the economics of the logistics industry through its driverless technology [7] - The transition to a driver-as-a-service (DAS) model is planned for 2027, with a strong pipeline of customer interest supporting this strategy [12][21] - Partnerships with OEMs like Volvo and PACCAR are crucial for scaling production and enhancing the supply chain for autonomous trucks [14][49] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving positive free cash flow by 2028, supported by a strong liquidity position [22] - The company anticipates significant growth in 2026, with a focus on executing strategic investments necessary for scaling operations [22] - Management highlighted the importance of customer demand in driving lane expansions and operational decisions [35] Other Important Information - The company has begun supervised autonomous operations to support multiple customer facilities, indicating a shift towards broader commercial applications [11] - The latest software release has expanded the operational capabilities of the Aurora Driver, allowing for driverless operations in various weather conditions [8] Q&A Session Summary Question: Clarification on end-of-year truck guidance and revenue expectations - Management indicated that revenue is expected to be back-end loaded, with significant growth anticipated in the second half of 2026 as the fleet launches in Q2 [24] Question: Timeline for serial commercial production in 2027 - Management described serial production as a gradual increase in driverless miles and revenue, with expectations for incremental volume from new platforms in 2027 [25][26] Question: Details on the target for more than 200 trucks by year-end - The target of over 200 trucks refers to fully driverless operations without an observer, with expectations for sequential growth starting in Q2 2026 [27][28] Question: Insights on customer interest and demand for autonomy - Management noted strong customer interest and contracted demand, emphasizing the importance of delivering value through increased asset utilization [40][41] Question: Impact of observerless launch on OEM partners - Management expressed confidence that continued demonstrations of the product will enhance engagement with OEM partners [43] Question: Performance of Aurora Trucks in winter weather conditions - Development operations were conducted under adverse conditions, but current driverless capabilities were not tested in those scenarios [46]

Waabi Wades Into Robotaxi Battle With Billion Dollar RaiseCEO Raquel Urtasun says the funds, including $250 million from Uber, will help get at least 25,000 robotaxis using her tech on Uber’s platform and launch trucking operations with Volvo.https://t.co/mT8CUIeUmC https://t.co/6f9DhTLFin ...

Waabi Wades Into Robotaxi Battle With Billion Dollar RaiseCEO Raquel Urtasun says the funds, including $250 million from Uber, will help get at least 25,000 robotaxis using her tech on Uber’s platform and launch trucking operations with Volvo.https://t.co/mT8CUIfsca https://t.co/zO2h7PWrJ0 ...

Waabi Wades Into Robotaxi Battle With Billion Dollar RaiseCEO Raquel Urtasun says the funds, including $250 million from Uber, will help get at least 25,000 robotaxis using her tech on Uber’s platform and launch trucking operations with Volvo.https://t.co/mT8CUIeUmC https://t.co/RpTVPfCRCX ...