slot games you can play offline
Coleen Rooney suffers medical emergency in the jungle - detailsHeavy travel day starts with brief grounding of all American Airlines flightsNEW YORK , Dec. 2, 2024 /PRNewswire/ -- Report with market evolution powered by AI - The software testing services market in australia size is estimated to grow by USD 1.42 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 11.4% during the forecast period. Need for cost reduction and faster time-to-market is driving market growth, with a trend towards evolution of software testing labs. However, availability of open-source and free testing tools poses a challenge. Key market players include Accenture PLC, Amdocs Ltd., Atos SE, Capgemini Services SAS, Cigniti Technologies Ltd., Cognizant Technology Solutions Corp., Deloitte Touche Tohmatsu Ltd., DXC Technology Co., Expleo Group SAS, HCL Technologies Ltd., Hexaware Technologies Ltd., Infosys Ltd., International Business Machines Corp., LogiGear Corp., Nippon Telegraph and Telephone Corp., Planit Test Management Solutions Pty Ltd., QualiTest Group, QualityLogic Inc., Tata Consultancy Services Ltd., and Wipro Ltd.. Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF Software Testing Services Market In Australia Scope Report Coverage Details Base year 2023 Historic period 2018 - 2022 Forecast period 2024-2028 Growth momentum & CAGR Accelerate at a CAGR of 11.4% Market growth 2024-2028 USD 1416.1 million Market structure Fragmented YoY growth 2022-2023 (%) 10.1 Regional analysis Australia Performing market contribution APAC at 100% Key countries Australia Key companies profiled Accenture PLC, Amdocs Ltd., Atos SE, Capgemini Services SAS, Cigniti Technologies Ltd., Cognizant Technology Solutions Corp., Deloitte Touche Tohmatsu Ltd., DXC Technology Co., Expleo Group SAS, HCL Technologies Ltd., Hexaware Technologies Ltd., Infosys Ltd., International Business Machines Corp., LogiGear Corp., Nippon Telegraph and Telephone Corp., Planit Test Management Solutions Pty Ltd., QualiTest Group, QualityLogic Inc., Tata Consultancy Services Ltd., and Wipro Ltd. Market Driver The Software Testing Services market is thriving, with a focus on ensuring quality and dependability in the Software Development Lifecycle. Companies prioritize testing for various software applications, including mobile apps, to enhance functionality and user experience. Trending testing methodologies and techniques include QA (Quality Assurance), Functional Testing, Manual Testing, Component Testing, Unit Testing, and various lifecycles like JUnit, Pytest, and NUnit for code correctness. Bug detection is crucial, leading to code refactoring and documentation. Continuous Integration (CI) is essential for evaluating and verifying software products throughout the development process. Black Box, White Box, and Gray Box Testing, Integration Testing, and various strategies like Big-Bang Integration are employed for comprehensive testing. Performance, design, deployment, and acceptance testing are critical aspects, with a shift towards shift-left and shift-right testing strategies for faster delivery. Strategic app modernization and digital transformation drive transformational success, necessitating testing for various aspects like security, usability, and exploratory testing. Vulnerabilities and stress testing are vital for ensuring software reliability and user satisfaction. On-demand testing services have emerged as a cost-effective solution for managing the software testing life cycle (STLC) in organizations. Previously, companies invested heavily in establishing software test labs to handle testing operations. These labs required significant upfront costs for setting up test environment management. On-demand test labs offer a more affordable alternative, providing test environments for software testers based on their specific requirements. Testers pay for these services only when they use the test lab, making it an ideal choice for collaborative software testing in a multiplatform environment. This model ensures high-quality software development while reducing the financial burden associated with maintaining a permanent test lab. Request Sample of our comprehensive report now to stay ahead in the AI-driven market evolution! Market Challenges Discover how AI is revolutionizing market trends- Get your access now! Segment Overview This software testing services market in Australia report extensively covers market segmentation by 1.1 Application testing- The application testing segment of the software testing services market in Australia is projected to expand due to the rising number of applications being developed and the increasing usage of smartphones. According to the Australian Competition and Consumer Commission, the number of apps available to consumers from approximately 130 million in 2016 to 1.1 billion in 2023. The top three apps used daily by Australians, across both the Google Play Store and Apple App Store (for iPhone), were Facebook, Facebook Messenger, and Instagram in January 2022 . Factors such as the growth in e-commerce spending, the widespread adoption of smartphones, a preference for mobile applications in daily life, and the development of mobile applications for the banking sector are expected to primarily fuel the expansion of the application testing segment in Australia during the forecast period. Application testing involves assessing the functionality, consistency, and usability of desktop, mobile, and web applications. For web application testing, factors like business logic, application integrity, functionality, data flow, and hardware and software compatibility are evaluated. Web applications undergo testing for performance, security, and load, as well as cross-browser testing, beta testing, compatibility testing, exploratory testing, regression testing, multilanguage support testing, and stress testing. Mobile application software testing includes UI testing, security testing, functionality and compatibility testing, and regression testing. Three application testing methodologies exist: black box, white box, and grey box. In black box testing, the software is assessed for the expected output given a specific input, regardless of the internal workings. White box testing evaluates an application based on the logic within it. Grey box testing combines elements of both black box and white box testing. Download a Sample of our comprehensive report today to discover how AI-driven innovations are reshaping competitive dynamics Research Analysis The Software Testing Services market focuses on ensuring the quality, dependability, and functionality of Software Applications throughout the Software Development Lifecycle. Testing plays a crucial role in identifying and resolving issues, improving code correctness, and enhancing the user experience. Various testing methodologies and techniques are employed, including Manual Testing, Functional Testing, Component Testing, Unit Testing, and Integration Testing. QA (Quality Assurance) teams utilize testing strategies like Black Box Testing, White Box Testing, and Gray Box Testing. Techniques like JUnit, Pytest, and NUnit are used for Unit Testing, while Integration Testing and Integration Strategies ensure seamless interaction between components. Bug Detection and Code Refactoring are essential parts of the process, with Continuous Integration (CI) facilitating regular testing and documentation maintaining transparency. Market Research Overview The Software Testing Services market plays a crucial role in ensuring the quality, dependability, and functionality of Software Applications throughout the Software Development Lifecycle. Testing is an essential part of the SDLC, focusing on evaluating and verifying the software product's performance, design, and compliance with requirements. Testing methodologies include Manual Testing, Functional Testing, Component Testing, Unit Testing, and various types like Black Box Testing, White Box Testing, and Gray Box Testing. Techniques include Code Correctness, Bug Detection, Code Refactoring, and Documentation. Quality Assurance (QA) practices employ testing techniques to identify and address issues before deployment. Unit Testing Lifecycle, with frameworks like JUnit, Pytest, and NUnit, ensures code correctness. Integration Testing, with strategies like Big-Bang Integration, addresses interoperability between components. Performance, design, and security testing are crucial for ensuring software reliability and user experience. Continuous Integration (CI) and Shift-left/right testing strategies help streamline the testing process and improve delivery speed. Strategic app modernization and digital transformation initiatives also require testing services for transformational success. Table of Contents: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com Website: www.technavio.com/ View original content to download multimedia: https://www.prnewswire.com/news-releases/software-testing-services-market-in-australia-to-grow-by-usd-1-42-billion-2024-2028-driven-by-cost-reduction-and-faster-time-to-market-with-ai-redefining-market-landscape---technavio-302319421.html SOURCE Technavio
The City of Ottawa won't be creating a pot of money to buy at-risk affordable housing any time soon, citing the danger of losing federal and provincial funding by shifting away from construction. College ward Coun. Laine Johnson led the charge for an acquisition fund at Wednesday's planning and housing committee meeting, but failed to convince enough of her colleagues to vote alongside her. "What I've been disappointed with is the idea that we have to put new construction essentially in competition with acquisition," Johnson told CBC after the vote. Her motion would have seen half of any money the city gets from the vacant unit tax — beyond what's forecast in the budget — go toward preserving existing affordable housing stock. It failed by a vote of eight to four, with only councillors Riley Brockington, Ariel Troster and committee chair Jeff Leiper supporting Johnson's bid. City says it can't meet affordable housing targets without more help Councillor pushing for anti-renoviction bylaw in Ottawa What is an acquisitions fund? Debbie Stewart, the city's general manager of strategic initiatives, wrote to the committee ahead of the meeting to lay out her staff's concerns. An acquisition fund is a "dedicated pool of capital" that can either fund a direct purchase, or finance a low-cost loan or grant to housing providers, she wrote. Similar funds exist in Toronto and several provinces. $500M fund to protect, expand affordable housing in B.C. attracts dozens of applications Montreal non-profits are buying up apartments to keep rents low While Stewart said the funds can strengthen the community housing sector, she cautioned that market competition for units in high-demand areas can jack up the purchase price. Older units also come with high repair costs, she said. But the main concern surrounds the structure of Ottawa's housing strategy, which relies on the federal Housing Accelerator Fund and provincial Building Faster Fund. Debbie Stewart, the city's general manager of strategic initiatives, said staff can't support a new fund to buy affordable housing. (Francis Ferland/CBC) Putting funding at risk Both funds require Ottawa to meet ambitious building targets. "We really need to direct city funds into achieving those goals," Stewart told CBC, noting that the funds leave little room for negotiation. Cyril Rogers, the city's chief financial officer, agrees the focus has to be on construction. "I think that's what we should be focused on in the next two or three years. Any nickel or dime that we take away from that process will impact that plan," he told councillors. Ottawa to get $176M from federal housing fund Ottawa gets $37.5M from province's housing fund Waiting would also allow the city to see how the federal government develops its own acquisitions fund. The $1.5-billion Canada Rental Protection Fund would leverage "philanthropic investing" to "help non-profits, co-ops and other community housing providers," the office of the minister of Housing, Infrastructure and Communities told CBC in a written statement. A spokesperson said there should be more details on the fund's design and rollout "in the coming months." Several councillors worry that relying on outside money is risky, however. "If we're waiting for the federal government, who knows what federal government we will have," said Capital ward Coun. Shawn Menard, who is not on the committee. Conservative Leader Pierre Poilievre has already said he would dissolve the Housing Accelerator Fund if elected prime minister. At least 17 Conservative MPs advocated for money from a housing program Poilievre vows to cut Conservative MPs frustrated after Poilievre bars them from promoting housing fund: sources Concerns over political uncertainty Johnson said the current plans show a "lack of creativity." She likened the city's current housing plans to a "leaky rowboat," where staff focus on years-long construction projects while overlooking the continued loss of affordable units — and she's worried things will get worse. "If we can't afford steel or lumber coming from the [United States] under new tariffs, if we can't afford land around transit ... acquisition becomes even more important," said Johnson. Meg McCallum is the interim executive director of Alliance to End Homelessness Ottawa. (Francis Ferland/CBC) Several advocates have attempted to rally councillors around an acquisition fund, including Alliance to End Homelessness Ottawa. "When we lose those units, we're not replacing them at a pace that keeps up with what's needed," said Meg McCallum, interim executive director of the non-profit coalition. "Let's just not lose what we already have." Pilots ongoing Stewart said Wednesday's decision doesn't mean the city will never create an acquisitions fund, nor that non-profits with plans to purchase a property can't get help now. She pointed to the Ottawa Community Land Trust (OCLT), which advocated for the fund. The Ottawa Community Land Trust purchased this Kirkwood Avenue building in late 2023 and has been paying off the $1.7-million cost through a variety of sources. (Mathieu Deroy/CBC) It has so far purchased two properties by leveraging donations, bonds and municipal funding, and told councillors earlier this month that it was already looking for its third and fourth properties. "We do believe this represents a new way of working," said Mike Bulthuis, the group's executive director. "Our hope ... is that public funds might support a diversity of approaches." Staff are still "monitoring the viability" of the model, Stewart wrote to councillors, noting that the city filled a "financial shortfall" after revenues failed to meet expectations. That was before OCLT raised $1.7 million through its community bond campaign.Damen Shipyards Group and Herman Sr. have signed a letter of intent (LOI) for the construction of a new Multi-Purpose Vessel (MPV) 4916. The LOI was signed during the Offshore Energy exhibition in Amsterdam on 26 November by Jeroen van Woerkum on behalf of Damen and Chris and Erwin van Dodewaard of behalf of Herman Sr. The MPV 4916 will be the first in a series of vessels combining the qualities of the Damen Shoalbuster and Multi Cat series to offer next level versatility in the workboat sector. The vessel’s versatility results from numerous factors. These include its multiple means of positioning such as spud poles, four-point mooring, DP2, and even beaching. With this, the vessel is able to maintain position in all circumstances, in waters shallow and deep. The 16-metre beam ensures the stability to accommodate an array of equipment, hosted by the vessel’s ample deck space. This includes a moveable, hydraulic A-frame, and two knuckle boom cranes, the aft crane featuring an active heave compensated winch. The MPV 4916 provides accommodation for up to 34 persons. The safety and comfort of those on board is assured with the vessel’s SPS code accreditation, and full MLC2006 compliance. The MPV 4916 also boasts COMF-3 notation thanks to its extreme low levels of noise and vibration. As a result of its flexible nature, the MPV 4916 is able to undertake a broad scope of work. Amongst the operations it can perform are transportation of cargo, and maintenance duties for the offshore energy sectors, diving support operations, pipeline work, and cable maintenance and repair. Plus, with the capability to carry its own 14-metre carousel containing approximately 350 tonnes of cable, the vessel can undertake cable laying operations in areas larger vessels cannot operate. This includes, with its beaching capability, connecting cables to shore. The design is also future proofed with an eye on advancing maritime sustainability. Initially, the MPV 4916 will be powered by a diesel-electric propulsion system. A Damen Marine NOX Reduction System ensures its compliance with IMO Tier III requirements. The vessel is also prepared for conversion to full electric propulsion in the future. Additionally, the design provides the necessary space to convert to use of dual-fuel methanol engines when the associated technology reaches maturity in the coming years. John Krielaart, the Damen Shipyards Hardinxveld Design & Proposal Engineer responsible for the MPV 4916, said, “This is a boat that ticks all the boxes. The MPV 4916 allows for the use of a single platform and crew to perform the widest possible range of workboat operations. The standard vessel can be reconfigured for change of use, or for project specific tasks, offering added value. “This is not the first time that Herman Sr. have worked with us on the development of a first in series vessel. The company is to be praised for its willingness to embrace new solutions. We, as Damen, are very fortunate to have such a pioneering client to join us on our journey of maritime innovation.” Leon Fijnekam, Commercial Manager at Damen Shipyards Hardinxveld, said, “It is a pleasure to be cooperating once again with Herman Sr. Our two companies have a long history of fruitful collaboration and we’re excited to be embarking on this latest adventure together. I have every confidence that the end result will be a vessel that meets the requirements of Herman Sr. and the needs of a maritime industry in transition.” Erwin van Dodewaard, Commercial Manager at Herman Sr. said, “Our long history of cooperation with Damen is the result of our companies’ shared values and way of working. As family businesses, we hold a long-term view, taking care that what we do today will be of benefit to the future generations. A vessel such as this MPV 4916 aligns well with this goal, with its adaptable, versatile profile and its environmentally progressive performance. We’re very much looking forward to the development of this vessel in the coming months.” The Van Dodewaard family, owners of Herman Sr. have been clients of Damen for over 75 years. Over the years, their company has taken delivery of numerous Damen Shoalbusters and Multi Cats and has often been the launching customer for a new vessel type. Construction of the MPV 4916 is expected to commence early next year at Albwardy Damen’s Sharjah shipyard in the Middle East, with delivery anticipated in 2027. Source: Damen Shipyards GroupTrump names billionaire investment banker Warren Stephens as his envoy to BritainOnly outdoor animals use straw as bedding
USC QB Miller Moss enters transfer portal after losing starting job to Jayden MaiavaSTOCK MARKET SNAPSHOT FOR 28/11/2024
AP Sports SummaryBrief at 5:23 p.m. ESTRwanda deploys AI to boost gorilla conservation
Conners, Tate lead Appalachian State over Sam Houston 66-63NoneNone
Record annual Sales of $637.8 million Fourth quarter Sales of $155.4 million, Net Income of $7.7 million and EPS of $0.20 Fourth quarter EBITDA 1 of $20.6 million, 13.3% of sales Free Cash Flow 1 of $21.7 million for the quarter and $53.8 million for the year Quarterly dividend of $0.105 per common share to be paid December 31, 2024 TORONTO, Nov. 27, 2024 (GLOBE NEWSWIRE) -- Exco Technologies Limited (TSX-XTC) today announced results for its fourth quarter and year ended September 30, 2024. In addition, Exco announced a quarterly dividend of $0.105 per common share which will be paid on December 31, 2024 to shareholders of record on December 17, 2024. The dividend is an "eligible dividend" in accordance with the Income Tax Act of Canada. Three Months Ended September 30 Twelve Months Ended September 30 (in $ thousands except per share amounts) 2024 2023 2024 2023 Sales $ 155,447 $ 160,152 $ 637,791 $ 619,303 Net income for the period $ 7,734 $ 9,210 $ 29,618 $ 26,284 Earnings per share: Basic and Diluted – Reported $ 0.20 $ 0.24 $ 0.76 $ 0.68 EBITDA 1 $ 20,620 $ 22,901 $ 82,161 $ 74,490 1 Free Cash Flow and EBITDA are non-GAAP financial measures. Please see "Non IFRS Measures" section of this press release and separately released MD&A. "Exco delivered resilient results despite challenging market conditions, showcasing progress in innovation and operational improvements. While automotive headwinds impacted our performance this quarter, we remain exceptionally well positioned for strong earnings growth in the coming years." Consolidated sales for the fourth quarter ended September 30, 2024 were $155.4 million compared to $160.2 million in the same quarter last year – a decrease of $4.7 million, or 3%. Foreign exchange rate movements increased sales by $2.6 million in the quarter. Fourth quarter sales in the Automotive Solutions segment of $79.2 million were down 10% from the prior year quarter. Excluding the impact of foreign exchange, segment sales decreased $9.8 million, or 11%. The sales decrease was driven by lower automotive production volumes in North America and Europe, customer driven delays in certain program launches, and unfavorable vehicle mix. Looking forward, industry growth may be tempered near term by increasing OEM inventory levels, elevated interest rates, relatively high vehicle average transaction prices, and softening global economic conditions. Countering these headwinds, central banks are lowering interest rates, vehicle sales have remained resilient, dealer inventory levels remain below pre-COVID-19 levels, vehicle fleets continue to age, and OEM incentives are rising. As well, Exco's sales volumes are expected to benefit from awarded program launches that should provide ongoing growth in our content per vehicle. Quoting activity also remains encouraging and we believe there is ample opportunity to achieve our targeted growth objectives. The Casting and Extrusion segment recorded sales of $76.3 million in the fourth quarter compared to $72.6 million last year – an increase of $3.7 million or 5%. Excluding the impact of foreign exchange movements, the segment's sales were up 3% for the quarter. Demand for our extrusion tooling remained relatively resilient in both North America and Europe, though activity slowed through the quarter with key end markets such as building and construction as well as automotive showing signs of softer conditions. Other end markets such as sustainable energy however remain firm. We remain focused on standardizing manufacturing processes, enhancing engineering depth and centralizing critical support functions across our various plants. These initiatives have reduced lead times, enhanced product quality, expanded product breadth and increased capacity, contributing to share gains in our core markets. Management continues to develop its Castool Morocco and Mexico locations which provide the opportunity to gain market share in Europe and Latin America through better proximity to local customers. In the die-cast tooling market, which primarily serves the automotive industry, demand and order flow for new moulds, associated consumable tooling and rebuild work remained firm during the quarter, though slowed slightly from recent activity. Industry vehicle production volumes remain relatively healthy and new, more efficient internal combustion engine/transmission platforms are being launched, including an increase in hybrid powertrain platforms. Battery electric platforms continue to be developed, albeit at a slower pace compared to prior expectations. Demand for associated giga-sized tooling has similarly pulled back, although management continues to expect this market segment will see significant growth in the coming years. We have reworked our plants and equipment to accommodate this larger tooling and believe we have the most advanced capabilities among our competitors globally. Our leading market 3D printing group continued strong sales activity supported by six additive printers. As well, our pace of innovation within this market is clearly gaining momentum, yielding more and more applications for our additively printed tooling components. Consequently, demand for Exco's 3D printed tooling continues to grow strongly as customers focus on greater efficiency in all large mould size segments – ie for both giga and non-giga sized die-cast machines. Sales in the quarter were also aided by price increases, which were implemented to protect margins from higher input costs. Quoting remains very active and our backlog for die-cast moulds remains elevated relative to historical norms. The Company's fourth quarter consolidated net income decreased to $7.7 million or earnings of $0.20 per share compared to $9.2 million or earnings of $0.24 per share in the same quarter last year. The effective income tax rate was 26% in the current quarter compared 25% in the same quarter last year. The change in income tax rate in the quarter was impacted by geographic distribution, foreign tax rate differentials and losses that cannot be tax affected for accounting purposes. Fourth quarter pre-tax earnings in the Automotive Solutions segment totalled $7.8 million, a decrease of $2.1 million or 22% over the same quarter last year. Variances in period profitability were due to lower sales, product mix shifts, rising labour costs in all jurisdictions and foreign exchange movements. Labour costs in Mexico have been particularly challenging in recent years and are seeing added pressure given the significant rise in wages. Vehicle production volumes and product releases however remain relatively stable, which has led to improvements in labour scheduling and reduced expedited shipping costs. As well, pricing action and efficiency initiatives continued to temper inflationary pressures. Although production volumes have largely stabilized from a macroeconomic and global perspective from recent years, volumes in the segment's first quarter are expected to follow typical seasonality trends due to OEM December holidays. Apart from these specific impacts, management is cautiously optimistic that its overall cost structure should improve margins in coming quarters. Pricing discipline remains a focus and actions are being taken on current programs where possible, though there is typically a lag of a few quarters before the impact is realized. As well, new program awards are priced to reflect management's expectations for higher future costs. Fourth quarter pre-tax earnings in the Casting and Extrusion segment totalled $6.3 million, an increase of $1.0 million or 18% over the same quarter last year. The Pretax Profit improvement is due to higher sales volumes within the die-cast and extrusion end markets, program pricing improvements, favorable product mix, and efficiency initiatives across the segment (including the ongoing use of lean manufacturing and automation to improve productivity through standardization and waste elimination). In addition, volumes at Castool's heat treatment operation continue to increase providing savings and improved production quality while efficiency initiatives at Halex are progressing. Offsetting these cost improvements were ongoing start-up losses at Castool's greenfield operations and an increase in segment depreciation ($0.5 million for the quarter) associated with recent capital expenditures. Management remains focused on reducing its overall cost structure and improving manufacturing efficiencies and expects such activities together with its sales efforts should lead to improved segment profitability over time. The Corporate segment in the fourth quarter recorded expenses of $2.0 million compared to $0.8 million last year was primarily due mainly to higher foreign exchange gains in fiscal 2023. As a result of the foregoing, consolidated EBITDA in the quarter was $20.6 million (13.3% of sales) compared to $22.9 million (14.3% of sales) last year. Operating cash flow before net changes in working capital was $16.7 million in the quarter compared to $23.5 million in the prior year quarter. The primary drivers on operating cash flow include a $5.0 million change in deferred income taxes, lower net income and interest expense. Fourth quarter net change in non-cash working capital contributed $12.2 million of cash compared to $5.9 million cash used in fiscal 2023. Improvements to working capital were driven primarily by lower accounts receivable due to management's focus on collections throughout the year, slightly lower fourth quarter sales, and due to customer payment delays in 2023 due to the UAW strike. This improvement was partially offset by lower accounts payable reflecting significant payables in the prior year. Investment in fixed assets of $8.7 million compared to $9.6 million in the prior year quarter. Included in the current year quarter is $3.3 million in growth capital. The difference relates to timing of equipment purchases and the completion of major projects from the prior year. Exco ended the quarter with $73.4 million in net debt compared to $94.2 million in the prior year. The Company has $46.5 million in available liquidity under its banking facilities at year end. Outlook By the end of fiscal 2026, Exco is targeting to produce approximately $750 million annual revenue, $120 million annual EBITDA and annual EPS of roughly $1.50. Exco has made significant progress towards achieving these targets since they were announced in Fiscal 2021 and continues to believe its targets remain obtainable. These targets are expected to be achieved through returns on greenfield and strategic initiatives, the launch of new programs, general market growth, and also market share gains consistent with the Company's operating history. Despite current macro-economic challenges, including slightly increasing levels of unemployment, relatively high interest rates, persistent inflation, policy shifts which may occur related to the US election, the overall outlook is favorable across Exco's segments into the medium term. Consumer demand for automotive vehicles remains stable in most markets. And while dealer inventory levels have been increasing, average transaction prices for both new and used vehicles remain firm, incentives are increasing and the average age of the broader fleet has continued to increase. This bodes well for strong levels of future vehicle production and the sales opportunity of Exco's various automotive components and accessories. In addition, OEM's are increasingly looking to the sale of higher margin accessory products as a means to enhance their own levels of profitability. Exco's Automotive Solutions segment derives a significant amount of activity from such products and is a leader in the prototyping, development and marketing of the same. Moreover, the movement towards an electrified and hybrid fleet for both passenger and commercial vehicles is enticing new market entrants into the automotive market while causing traditional OEM incumbents to further differentiate their product offerings, all of which is driving above average opportunities for Exco. With respect to Exco's Casting and Extrusion segment, the intensifying global focus on environmental sustainability has created significant growth drivers that are expected to persist through at least the next decade. Automotive OEMs are utilizing light-weight metals such as aluminum to reduce vehicle weight and reduce carbon dioxide emissions. This trend is evident regardless of powertrain design - whether internal combustion engines, electric vehicles or hybrids. As well, a renewed focus on the efficiency of OEMs in their own manufacturing process is creating higher demand for advanced tooling that can enhance their profitability and sustainability goals. Certain OEM manufacturers have begun utilizing much larger die cast machines ("giga-presses") to cast entire vehicle sub-frames using aluminum-based alloy rather than stamping, welding, and assembling separate pieces of ferrous metal. Exco is in discussions with several traditional OEMs and their tier providers who appear likely to follow this trend. While the growth of EV's in North America and Europe has been delayed from prior expectations, contributing to a slower adoption of giga-presses, Exco nonetheless continues to expect these trends will occur and has positioned its operations to capitalize accordingly. Beyond the automotive industry, Exco's extrusion tooling supports diverse industrial end markets which are also seeing increased demand for aluminum driven by environmental trends, including energy efficient buildings, solar panels, etc. On the cost side, inflationary pressures have intensified post COVID while prompt availability of various input materials, components and labour has become more challenging. The intensity of these dynamics have generally moderated in recent quarters with the exception of labour costs in Mexico, which continue to see significant increases. We are offsetting these dynamics through various efficiency initiatives and taking pricing action where possible although there is typically several quarters of lag before the counter measures yield results. The Russian invasion of Ukraine and the Middle East conflict have added additional uncertainty to the global economy. And while Exco has essentially no direct exposure to these countries, Ukraine does feed into the European automotive market and Europe has traditionally depended on Russia for its energy needs. Similarly, the conflict in the Middle East creates the potential for a renewed rise in the price of oil and other commodities as well as logistics costs and could weigh on consumer sentiment. Exco itself is also looking inwards with respect to sustainability trends to ensure its operations meet expectations. We are investing significant capital to improve the efficiency and capacity of our operations while lowering our carbon footprint. Our Sustainability Report is available on our corporate website at: www.excocorp.com/leadership/sustainability/ . For further information and prior year comparison please refer to the Company's Fourth Quarter Financial Statements in the Investor Relations section posted at www.excocorp.com . Alternatively, please refer to www.sedarplus.ca . Non-IFRS Measures: In this News Release, reference may be made to EBITDA, EBITDA Margin, Pretax Profit, Net Debt, Free Cash Flow and Maintenance Fixed Asset Additions which are not defined measures of financial performance under International Financial Reporting Standards ("IFRS"). A reconciliation to these non-GAAP measures is provided within this MD&A. Exco calculates EBITDA as earnings before interest, taxes, depreciation and amortization and EBITDA Margin as EBITDA divided by sales. Exco calculates Pretax Profit as segmented earnings before other income/expense, interest and taxes. Net Debt represents the Company's consolidated net indebtedness position offsetting cash from bank indebtedness, current and long-term debt. It is calculated as Long-term debt plus Current portion of Long-term debt plus Bank indebtedness less Cash and cash equivalents. Free Cash Flow is calculated as cash provided by operating activities less interest paid and Maintenance Fixed Asset Additions. Maintenance Fixed Asset Additions represent management's estimate of the investment in fixed assets that is required for the Company to continue operating at current capacity levels. Given the Company's elevated planned capital spending on fixed assets for growth initiatives (including additional Greenfield locations, energy efficient heat treatment equipment and increased capacity) in recent years, the Company has modified its calculation of Free Cash Flow to include Maintenance Fixed Asset Additions and not total fixed asset purchases. This change is meant to enable investors to better gauge the amount of generated cash flow that is available for these investments as well as acquisitions and/or returns to shareholders in the form of dividends or share buyback programs. EBITDA, EBITDA Margin, Pretax Profit and Free Cash Flow are used by management, from time to time, to facilitate period-to-period operating comparisons and we believe some investors and analysts use these measures as well when evaluating Exco's financial performance. These measures, as calculated by Exco, do not have any standardized meaning prescribed by IFRS and are not necessarily comparable to similar measures presented by other issuers. Quarterly Conference Call – November 28, 2024 at 10:00 a.m. (Toronto time): To access the listen only live audio webcast, please log on to www.excocorp.com , or https://edge.media-server.com/mmc/p/uhc9kb7y a few minutes before the event. Those interested in participating in the question-and-answer conference call may register at https://register.vevent.com/register/BI0b9a8a1a5faa4319852e59164c5fc3d3 to receive the dial-in numbers and unique PIN to access the call. It is recommended that you join 10 minutes prior to the event start (although you may register and dial in at any time during the call). For those unable to participate on November 28, 2024, an archived version will be available on the Exco website until December 15, 2024. Source: Exco Technologies Limited (TSX-XTC) Contact: Darren Kirk, President and CEO Telephone: (905) 477-3065 Ext. 7233 Website: http://www.excocorp.com About Exco Technologies Limited: Exco Technologies Limited is a global supplier of innovative technologies servicing the die-cast, extrusion and automotive industries. Through our 21 strategic locations in 9 countries, we employ approximately 5,000 people and service a diverse and broad customer base. Notice To Reader: Forward Looking Statements This press release contains forward-looking information and forward-looking statements within the meaning of applicable securities laws. We may use words such as "anticipate", "may", "will", "should", "expect", "believe", "estimate", "5-year target" and similar expressions to identify forward-looking information and statements especially with respect to growth, outlook and financial performance of the Company's business units, contribution of our start-up business units, contribution of awarded programs yet to be launched, margin performance, financial performance of acquisitions, liquidity, operating efficiencies, improvements in, expansion of and/or guidance or outlook as to future revenue, sales, production sales, margin, earnings, earnings per share, including the revised outlook for 2026, are forward-looking statements. These forward-looking statements include known and unknown risks, uncertainties, assumptions and other factors which may cause actual results or achievements to be materially different from those expressed or implied. These forward-looking statements are based on our plans, intentions or expectations which are based on, among other things, the global economic recovery from any future outbreak of epidemic, pandemic, or contagious diseases that may emerge in the human population, which may have a material effect on how we and our customers operate our businesses and the duration and extent to which this will impact our future operating results, the impact of international conflicts on the global financial, energy and automotive markets, including increased supply chain risks, assumptions about the demand for and number of automobiles produced in North America and Europe, production mix between passenger cars and trucks, the number of extrusion dies required in North America and South America, the rate of economic growth in North America, Europe and emerging market countries, investment by OEMs in drivetrain architecture and other initiatives intended to reduce fuel consumption and/or the weight of automobiles in response to rising climate risks, raw material prices, supply disruptions, economic conditions, inflation, currency fluctuations, trade restrictions, energy rationing in Europe, our ability to integrate acquisitions, our ability to continue increasing market share, or launch of new programs and the rate at which our current and future greenfield operations in Mexico and Morocco achieve sustained profitability, recoverability of capital assets, goodwill and intangibles (based on numerous assumptions inherently uncertain), and cyber security and its impact on Exco's operations. Readers are cautioned not to place undue reliance on forward-looking statements throughout this document and are also cautioned that the foregoing list of important factors is not exhaustive. The Company will update its disclosure upon publication of each fiscal quarter's financial results and otherwise disclaims any obligations to update publicly or otherwise revise any such factors or any of the forward-looking information or statements contained herein to reflect subsequent information, events or developments, changes in risk factors or otherwise. For a more extensive discussion of Exco's risks and uncertainties see the 'Risks and Uncertainties' section in our latest Annual Report, Annual Information Form ("AIF") and other reports and securities filings made by the Company. This information is available at www.sedarplus.ca or www.excocorp.com . © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
The Media Store predict top trends and mindsets set to affect consumers next yearMichael and Suzanne Stuewe couldn’t have nice things in the living room. As the Stuewe brothers left a trail of broken items in their wake while playing football, it was all worth it in the end, as it helped produce a trio of college athletes. “None of the pictures on our walls had glass in them anymore,” Michael Stuewe said. “We didn’t even bother replacing them and fixing things, because we knew that they would break again, with balls flying around. On Dec. 4, Avon Lake standout Luke Stuewe signed his national letter of intent to play Division I college football at his parents’ alma mater, Virginia Tech. Avon Lake’s Luke Stuewe signs to Virginia Tech @ALFootballClub @ALFootballClub @MJournalSports @HokiesFB @hokiesports pic.twitter.com/NIKNYE9cky — Mark Perez-Krywany 🤓 (@Perez_Sports) December 4, 2024 “It is really cool to go somewhere where my parents went. Just continuing the legacy on and also creating my own legacy in the meantime,” Stuewe said. He is one of three college football brothers from the same household, along with Michael Jr. (Case Western Reserve) and Stuewe (Ohio University). “My whole life I looked up to my older brothers,” Stuewe said. “They’ve always been bigger than me and better than me. It gave me something to push for and be like them. That helped me out.” From 1994-97, his father journeyed from a Hokie walk-on to becoming a valued contributor. “We have photos of them being on the (Virginia Tech) football field, doing their thing,” Michael Stuewe said. “At the end of the day, you dream that your son can get to that level and he did it.” From the moment Stuewe played on special teams as a freshman, he felt he had a chance to play Division I college football. It was just about making it happen. “I told myself that I am a little dude, a freshman on varsity. I could not be that next year,” he said. “I have to get faster, stronger and more physical. The first play I was in, I got laid out. I told myself that this can’t happen anymore.” As a highly touted prospect, he suffered multiple injuries in his junior and senior years, but he still had an impact on both sides of the ball. “He’s been unfortunate, but with this opportunity, this is going to be the time. Things are going to come together (at Virginia Tech),” Avon Lake Coach Matt Kostelnik said. Kostelnik knew Stuewe was a special athlete. It dates as far back as in middle school. “You can tell with kids early on if they have that twitch factor, the ability to accelerate and change direction,” he said. “When you look at his older brothers and his dad was a Division I football player, the pedigree was already there. You could see that he could change direction in an incredible way. He has a great nose for the football.” He was a second-team Lorain County and SWC player. His playtime was inconsistent, due to injury, but he played in seven games, which varied in snap count. Stuewe had three interceptions on defense, along with 11 catches for 126 yards and a touchdown on offense. Now, the 2023 All-Ohioan is fully healthy and prepared to take his game to the next level. “I feel great right now. I had a couple of random injuries, but I am all good,” Stuewe said. Stuewe is on to Virginia Tech, which means he is back to the bottom of the totem pole and has to work his way up the ladder.“I am back a the bottom like all freshmen. I have to outwork the people around you. I have to get big, stronger, faster and smarter. That will get me opportunities to play,” Stuewe said.
Ukraine must be placed in the “strongest possible position for negotiations” to end the war with Russia, Sir Keir Starmer has said. The Prime Minister insisted the UK will back Ukraine “for as long as it takes” as he made a speech at the Lord Mayor’s Banquet in London, but for the first time acknowledged the conflict could move towards a negotiated end. Ukrainian President Volodymyr Zelensky has in recent weeks suggested he is open to a possible ceasefire with Vladimir Putin’s Russia. Kyiv and its European allies meanwhile fear the advent of Donald Trump’s return to the White House could result in American aid being halted. President-elect Trump has said he would prefer to move towards a peace deal, and has claimed he could end the conflict on “day one” of his time in power. As he attempts to strike up a good relationship with the incoming president, Sir Keir revealed he had told Mr Trump the UK “will invest more deeply than ever in this transatlantic bond with our American friends in the years to come”. In his speech at London’s Guildhall, the Prime Minister said there is “no question it is right we support Ukraine”, as the UK’s aid to Kyiv is “deeply in our self-interest”. Allowing Russia to win the war would mean “other autocrats would believe they can follow Putin’s example,” he warned. Sir Keir added: “So we must continue to back Ukraine and do what it takes to support their self-defence for as long as it takes. “To put Ukraine in the strongest possible position for negotiations so they can secure a just and lasting peace on their terms that guarantees their security, independence, and right to choose their own future.” Mr Zelensky told Sky News over the weekend he would be open to speaking with Mr Putin, but branded the Russian president a “terrorist”. He also suggested Ukrainian territory under his control should be taken under the “Nato umbrella” to try to stop the “hot stage” of the war with Russia. In a banquet speech focused on foreign affairs, the Prime Minister said it was “plain wrong” to suggest the UK must choose between its allies, adding: “I reject it utterly. “(Clement) Attlee did not choose between allies. (Winston) Churchill did not choose. “The national interest demands that we work with both.” Sir Keir said the UK and the US were “intertwined” when it came to commerce, technology and security. The Prime Minister added: “That’s why, when President Trump graciously hosted me for dinner in Trump Tower, I told him that we will invest more deeply than ever in this transatlantic bond with our American friends in the years to come.” He also repeated his commitment to “rebuild our ties with Europe” and insisted he was right to try to build closer links with China. “It is remarkable that until I met President Xi last month there had been no face-to-face meeting between British and Chinese leaders for six years,” the Prime Minister said. “We can’t simply look the other way. We need to engage. To co-operate, to compete and to challenge on growth, on security concerns, on climate as well as addressing our differences in a full and frank way on issues like Hong Kong, human rights, and sanctions on our parliamentarians,” he added. The Prime Minister said he wants Britain’s role in the world to be that of “a constant and responsible actor in turbulent times”. He added: “To be the soundest ally and to be determined, always, in everything we do. “Every exchange we have with other nations, every agreement we enter into to deliver for the British people and show, beyond doubt, that Britain is back.” Ahead of Sir Keir’s speech, Lord Mayor Alastair King urged the Prime Minister and his Government to loosen regulations on the City of London to help it maintain its competitive edge. In an echo of Sir Keir’s commitment to drive the UK’s economic growth, the Lord Mayor said: “The idealist will dream of growth, but the pragmatist understands that our most effective machinery to drive growth is here in the City, in the hands of some of the brightest and most committed people that you will find anywhere in the world.”
New Advancements in Monopolar RF, IPL and Aqua-dermabrasion Facials Fill a Void in the Marketplace MELVILLE, N.Y. , Dec. 4, 2024 /PRNewswire/ -- At October's Inner Circle Invitational in Boca Raton , Cartessa Aesthetics introduced three new technologies to the nearly 400 aesthetic providers in attendance. The third annual exclusive event is an opportunity for Cartessa to give providers first-looks at new products, advanced trainings and business best-practices. In the spotlight this year were three unique devices – Everesse, Prisma, and SKNLAB - offering practitioners new modality combinations, more comfortable treatments and opportunities to expedite revenue. Everesse is a new entrant in the Monopolar RF space that overcomes the shortcomings of legacy technologies, namely patient discomfort. The new 6.78MHz Monopolar RF device, manufactured by South Korean company Classys, has several design features that make it more comfortable for lifting and tightening of the skin. Prisma is the first IPL plus electro-muscle stimulation (EMS) and radiofrequency (RF) technology, and it's also the first IPL system that Cartessa has selected for its portfolio. Manufactured by DEKA, Prisma offers the best in IPL advancements and the ability to go beyond discoloration to treat the other leading signs of aging, inelasticity and reduction in muscle tone. "While we know IPL is a cornerstone treatment for our providers, we waited for a device that offered the absolute best in IPL versatility and comfort. PRISMA met our standards and with the added modalities, is positioned to redefine 'photofacials' as the market knows them," shared Gabe Lubin , Cartessa Founder and CEO. Lastly, with the introduction of SKNLAB , Cartessa is filling a void in aqua-dermabrasion space for those providers interested in integrating energy modalities into their non-invasive facial protocols. SKNLAB offers aqua-delivery of paraceutical solutions plus five energy modalities. Practitioners can easily customize treatments based on patient need using SKNLAB's pre-programmed, comprehensive facial matrices or leverage the various handpieces a la carte. Cartessa's adaptive business model makes it possible to launch the volume of products it has in 2024. "I don't know of another aesthetic company that can continue to introduce new technologies at this rate," added Lubin. "Seeing the response to these devices on their own and in combination with other technologies is extremely exciting. We know we are giving our customers something unique to elevate their patients' outcomes and propel their businesses forward – we plan to continue to do so as long as we are presented with breakthrough innovations." For those providers looking to add Everesse, Prisma or SKNLAB to their practice or wanting to learn more, please reach out to a Cartessa representative. Now is a great time to take advantage of end-of-year tax incentives and treat patients to something new in 2025. About Cartessa Aesthetics: Cartessa Aesthetics is a leading North American aesthetic company focused on cutting-edge technology and industry leading customer support. Thanks to an independent business model and established relationships with top global manufacturers, Cartessa's product portfolio offers true competitive advantages for practices and patients across every aesthetics category. Customers benefit from expertly vetted devices and end-to-end support to maximize the clinical outcomes and returns of their investment. View original content to download multimedia: https://www.prnewswire.com/news-releases/cartessa-aesthetics-introduces-three-new-technologies-to-give-providers-a-head-start-for-2025-302323109.html SOURCE Cartessa AestheticsRobert Wickens moving up to IMSA GTD series in 2025 thanks to new Bosch hand controls