Landlords are using AI to raise rents; California cities are leading the pushbackAs a strike by 55,000 Canada Post workers stretches closer to its third week Wednesday, federal labour minister Steven MacKinnon blasted both union and management for showing disrespect to Canadians who count on the postal service. Speaking to reporters on Parliament Hill, MacKinnon said the two sides are still “very far apart.” “That is in my view ... highly disrespectful of Canadians who are suffering from this work stoppage,” said MacKinnon, pointing to small businesses and people living in remote, rural communities as those most affected. “These parties have to knuckle down and get the work done. As I’ve explained before, these are negotiations that have to be concluded between the parties. They rest on fundamental issues that separate these two parties.” In a written statement, Canada Post said it was still hoping to reach a negotiated settlement with the Canadian Union of Postal Workers, who have been walking the picket line since Nov. 15. “We hope to return to the table soon so we can reignite the discussions and, together with the support of mediators, work toward final agreements,” Canada Post said. “We understand the impact CUPW’s national strike is having on our employees and so many Canadians. Canada Post remains committed to negotiating new collective agreements that will provide our employees and customers with the certainty they are looking for. While MacKinnon urged the two sides to get back to the negotiating table, labour experts say that the longer the dispute goes on, the more likely it becomes that the federal government will intervene. That could come in the form of either back-to-work legislation or by invoking Section 107 of the Canada Labour Code and asking the Canada Industrial Relations Board to order binding arbitration. “The closer we get to the holiday season, the greater the likelihood they’ll intervene,” said Larry Savage, a labour studies professor at Brock University. MacKinnon’s decision to invoke Section 107 to end a lockout of rail workers earlier this year means his pleas for a negotiated settlement of the Canada Post strike should be taken with a grain of salt, Savage said. “I think the minister’s been laying the groundwork to use section 107, while the whole time, saying he isn’t,” said Savage. “Why would anyone believe him?” The government is treading a fine political line between alienating organized labour or upsetting businesses and consumers heading into the holiday season as it deals with the strike, said Savage. “The government’s caught between a rock and a hard place,” said Savage. “If they intervene, they’ll be accused of interfering with workers’ charter rights. If they wait much longer, their popularity will sink even lower, which is the last thing they need heading into an election year.” That raw political calculus is even more vital than it otherwise would be because the minority federal Liberals are being propped up by the NDP, Savage said. While MacKinnon is publicly urging the two sides to work out a deal at the negotiating table, he’s also laying the groundwork for either back-to-work legislation or invoking Section 107, said Stephanie Ross, a labour studies professor at McMaster University. “I get the sense that the minister is trying to do what he can to get a deal at the table, but also thinking about the case they’d have to make to the court,” said Ross. The length of time the strike has gone on — as well as calling the two sides into a closed-door meeting earlier this week — both provide legal ammunition in the event the government intervenes, said Ross. “They really have to show enough time has passed that they’ve made every effort ... that there’s a true impasse,” Ross said. If there’s no deal within the next week or so, said Ross, the government will likely intervene, even if it doesn’t really want to. “I think the pressure is mounting in terms of the Christmas holidays,” said Ross. “It wouldn’t be surprised if we saw the minister invoke section 107 within the next week and a half.”
25 pc of country’s area under green cover: Minister
Engineering Services Outsourcing: USD 2.04T in 2022 to USD 14.74T by 2031 11-27-2024 08:56 PM CET | IT, New Media & Software Press release from: SkyQuest Technology Group Engineering Services Outsourcing Market Market Scope: Key Insights : Engineering Services Outsourcing Market size was valued at USD 2.04 Trillion in 2022 and is poised to grow from USD 2.54 Trillion in 2023 to USD 14.74 Trillion by 2031, growing at a CAGR of 24.60% during the forecast period (2024-2031). Discover Your Competitive Edge with a Free Sample Report : https://www.skyquestt.com/sample-request/engineering-services-outsourcing-market Access the full 2024 Market report for a comprehensive understanding @ https://www.skyquestt.com/report/engineering-services-outsourcing-market In-Depth Exploration of the global Engineering Services Outsourcing Market Market: This report offers a thorough exploration of the global Engineering Services Outsourcing Market market, presenting a wealth of data that has been meticulously researched and analyzed. It identifies and examines the crucial market drivers, including pricing strategies, competitive landscapes, market dynamics, and regional growth trends. By outlining how these factors impact overall market performance, the report provides invaluable insights for stakeholders looking to navigate this complex terrain. Additionally, it features comprehensive profiles of leading market players, detailing essential metrics such as production capabilities, revenue streams, market value, volume, market share, and anticipated growth rates. This report serves as a vital resource for businesses seeking to make informed decisions in a rapidly evolving market. Trends and Insights Leading to Growth Opportunities The best insights for investment decisions stem from understanding major market trends, which simplify the decision-making process for potential investors. The research strives to discover multiple growth opportunities that readers can evaluate and potentially capitalize on, armed with all relevant data. Through a comprehensive assessment of important growth factors, including pricing, production, profit margins, and the value chain, market growth can be more accurately forecast for the upcoming years. Top Firms Evaluated in the Global Engineering Services Outsourcing Market Market Research Report: Alten Group (France) Capgemini Engineering (France) Entelect (South Africa) HCL Technologies Limited (India) Infosys Limited (India) Tata Elxsi (India) Tata Consultancy Services Limited (India) Tech Mahindra Limited (India) Wipro Limited (India) Cognizant Technology Solutions Corporation (US) LTTS (L&T Technology Services) (India) DXC Technology (US) Key Aspects of the Report: Market Summary: The report includes an overview of products/services, emphasizing the global Engineering Services Outsourcing Market market's overall size. It provides a summary of the segmentation analysis, focusing on product/service types, applications, and regional categories, along with revenue and sales forecasts. Competitive Analysis: This segment presents information on market trends and conditions, analyzing various manufacturers. It includes data regarding average prices, as well as revenue and sales distributions for individual players in the market. Business Profiles: This chapter provides a thorough examination of the financial and strategic data for leading players in the global Engineering Services Outsourcing Market market, covering product/service descriptions, portfolios, geographic reach, and revenue divisions. Sales Analysis by Region: This section provides data on market performance, detailing revenue, sales, and market share across regions. It also includes projections for sales growth rates and pricing strategies for each regional market, such as: North America: United States, Canada, and Mexico Europe: Germany, France, UK, Russia, and Italy Asia-Pacific: China, Japan, Korea, India, and Southeast Asia South America: Brazil, Argentina, Colombia, etc. Middle East and Africa: Saudi Arabia, UAE, Egypt, Nigeria, and South Africa This in-depth research study has the capability to tackle a range of significant questions that are pivotal for understanding the market dynamics, and it specifically aims to answer the following key inquiries: How big could the global Engineering Services Outsourcing Market market become by the end of the forecast period? Let's explore the exciting possibilities! Will the current market leader in the global Engineering Services Outsourcing Market segment continue to hold its ground, or is change on the horizon? Which regions are poised to experience the most explosive growth in the Engineering Services Outsourcing Market market? Discover where the future opportunities lie! Is there a particular player that stands out as the dominant force in the global Engineering Services Outsourcing Market market? Let's find out who's leading the charge! What are the key factors driving growth and the challenges holding back the global Engineering Services Outsourcing Market market? Join us as we uncover the forces at play! To establish the important thing traits, Ask Our Experts @ https://www.skyquestt.com/speak-with-analyst/engineering-services-outsourcing-market Table of Contents Chapter 1 Industry Overview 1.1 Definition 1.2 Assumptions 1.3 Research Scope 1.4 Market Analysis by Regions 1.5 Market Size Analysis from 2023 to 2030 11.6 COVID-19 Outbreak: Medical Computer Cart Industry Impact Chapter 2 Competition by Types, Applications, and Top Regions and Countries 2.1 Market (Volume and Value) by Type 2.3 Market (Volume and Value) by Regions Chapter 3 Production Market Analysis 3.1 Worldwide Production Market Analysis 3.2 Regional Production Market Analysis Chapter 4 Medical Computer Cart Sales, Consumption, Export, Import by Regions (2023-2023) Chapter 5 North America Market Analysis Chapter 6 East Asia Market Analysis Chapter 7 Europe Market Analysis Chapter 8 South Asia Market Analysis Chapter 9 Southeast Asia Market Analysis Chapter 10 Middle East Market Analysis Chapter 11 Africa Market Analysis Chapter 12 Oceania Market Analysis Chapter 13 Latin America Market Analysis Chapter 14 Company Profiles and Key Figures in Medical Computer Cart Business Chapter 15 Market Forecast (2023-2030) Chapter 16 Conclusions Address: 1 Apache Way, Westford, Massachusetts 01886 Phone: USA (+1) 351-333-4748 Email: sales@skyquestt.com About Us: SkyQuest Technology is leading growth consulting firm providing market intelligence, commercialization and technology services. It has 450+ happy clients globally. This release was published on openPR.Wildlife TV presenter Chris Packham and former Green Party MP Caroline Lucas have quit as president and vice-president of the RSPCA after a campaign group alleged animal cruelty at some of the charity's approved list of abattoirs. Animal Rising released footage from facilities as part of its investigation into the RSPCA's "Assured Scheme" which certifies farms, food producers and food retailers that meet its specific animal welfare standards. In response, the RSPCA said it takes allegations of poor animal welfare "incredibly seriously". The charity said it was "simply not true" that it had not taken urgent action, adding unannounced visits had been significantly increased, and use of bodyworn cameras and CCTV was also being explored. In its most recent investigation, Animal Rising singled out four abattoirs where it said "experts found systemic animal cruelty". It said its investigators had found that "in one slaughterhouse 85% of pigs were stunned incorrectly, leaving animals conscious during slaughter, and in another 96% of cows were prodded with an electric goad, a practice banned by the RSPCA, and 46% of cows showed clear signs of panic or escape behaviours. "There was also frequent verbal and physical abuse from workers, and animals watching in terror and panic as other animals were killed or stunned in front of them." In a statement posted on Animal Rising's website, Packham said he was prioritising his "love for animals above all else" and was stepping down immediately, following the "irrefutable evidence of abuse uncovered". He accused the RSPCA of making "no meaningful change" after "years of raising concerns about salmon farming and tirelessly pushing for reform within the Assured Schemes". "I believe the charity has lost sight of its mandate to protect all animals from cruelty and suffering," he added. In a separate statement, Lucas said: "The recent horrific revelations of abuse at RSPCA-approved slaughterhouses, filmed undercover by Animal Rising, were the final straw for me. "The systemic cruelty exposed was unbearable to witness. "While the RSPCA's response was to suspend the implicated facilities and launch yet another investigation, they failed to confront the deeper flaws of the scheme itself. "This approach not only fails to uphold their own standards but also risks misleading the public and legitimising cruelty." In a statement, the RSPCA said: "We agree with Chris and Caroline on so many issues and have achieved so much together for animals but we differ on how best to address the incredibly complex and difficult issue of farmed animal welfare. "We have discussed our work to drive up farmed animal welfare standards openly at length with them on many occasions and it is simply not true that we have not taken urgent action. "We took allegations of poor welfare incredibly seriously, launching an independent review of 200 farms which concluded that it was 'operating effectively' to improve animal welfare. "We are taking strong steps to improve oversight of welfare, implementing the recommendations in full including significantly increasing unannounced visits, and exploring technology such as bodyworn cameras and CCTV, supported by £2m of investment."
Martinez parades goalkeeper awards and justifies them with wonder save for Villa in Champions LeagueAs a strike by 55,000 Canada Post workers stretches closer to its third week Wednesday, federal labour minister Steven MacKinnon blasted both union and management for showing disrespect to Canadians who count on the postal service. Speaking to reporters on Parliament Hill, MacKinnon said the two sides are still “very far apart.” “That is in my view ... highly disrespectful of Canadians who are suffering from this work stoppage,” said MacKinnon, pointing to small businesses and people living in remote, rural communities as those most affected. “These parties have to knuckle down and get the work done. As I’ve explained before, these are negotiations that have to be concluded between the parties. They rest on fundamental issues that separate these two parties.” In a written statement, Canada Post said it was still hoping to reach a negotiated settlement with the Canadian Union of Postal Workers, who have been walking the picket line since Nov. 15. “We hope to return to the table soon so we can reignite the discussions and, together with the support of mediators, work toward final agreements,” Canada Post said. “We understand the impact CUPW’s national strike is having on our employees and so many Canadians. Canada Post remains committed to negotiating new collective agreements that will provide our employees and customers with the certainty they are looking for. While MacKinnon urged the two sides to get back to the negotiating table, labour experts say that the longer the dispute goes on, the more likely it becomes that the federal government will intervene. That could come in the form of either back-to-work legislation or by invoking Section 107 of the Canada Labour Code and asking the Canada Industrial Relations Board to order binding arbitration. “The closer we get to the holiday season, the greater the likelihood they’ll intervene,” said Larry Savage, a labour studies professor at Brock University. MacKinnon’s decision to invoke Section 107 to end a lockout of rail workers earlier this year means his pleas for a negotiated settlement of the Canada Post strike should be taken with a grain of salt, Savage said. “I think the minister’s been laying the groundwork to use section 107, while the whole time, saying he isn’t,” said Savage. “Why would anyone believe him?” The government is treading a fine political line between alienating organized labour or upsetting businesses and consumers heading into the holiday season as it deals with the strike, said Savage. “The government’s caught between a rock and a hard place,” said Savage. “If they intervene, they’ll be accused of interfering with workers’ charter rights. If they wait much longer, their popularity will sink even lower, which is the last thing they need heading into an election year.” That raw political calculus is even more vital than it otherwise would be because the minority federal Liberals are being propped up by the NDP, Savage said. While MacKinnon is publicly urging the two sides to work out a deal at the negotiating table, he’s also laying the groundwork for either back-to-work legislation or invoking Section 107, said Stephanie Ross, a labour studies professor at McMaster University. “I get the sense that the minister is trying to do what he can to get a deal at the table, but also thinking about the case they’d have to make to the court,” said Ross. The length of time the strike has gone on — as well as calling the two sides into a closed-door meeting earlier this week — both provide legal ammunition in the event the government intervenes, said Ross. “They really have to show enough time has passed that they’ve made every effort ... that there’s a true impasse,” Ross said. If there’s no deal within the next week or so, said Ross, the government will likely intervene, even if it doesn’t really want to. “I think the pressure is mounting in terms of the Christmas holidays,” said Ross. “It wouldn’t be surprised if we saw the minister invoke section 107 within the next week and a half.”
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While his teacher introduced a complex logarithmic formula, Mutabazi proposed simpler alternatives to help his peers easily work out related mathematical problems. Despite his efforts, the teacher insisted on the original methods, which many students found challenging. Mutabazi, who studied mathematics, physics, and computer science at A-level, is among many students who excel beyond the standard curriculum and require tailored guidance to realize their full potential. With technology advancing rapidly, students nowadays are learning faster and accessing more information than ever before. This shift has left many educators facing the challenge of supporting learners whose curiosity and abilities sometimes outpace traditional teaching methods. Are schools properly equipped to meet the needs of these bright minds? Can educators turn these challenges into opportunities for growth? These are some of the questions to ponder. Aurelie Mukabalisa, the Dean of Education at the Adventist University of Central Africa (AUCA), sees technology as a catalyst for transforming education. She highlighted the importance of adapting teaching strategies to meet the needs of fast learners. ALSO READ: Nurturing a culture of excellence in schools “Differentiated instruction is key. Tailoring tasks to suit varying learning paces such as project-based learning or independent research ensures that fast learners remain engaged,” Mukabalisa said. She emphasized the role of professional development for teachers in responding to these challenges, noting that educators need to stay informed about emerging technologies and educational innovations. This, she said, allows them to guide advanced learners effectively, even in areas where students might surpass the traditional curriculum. Mukabalisa further pointed out the value of artificial intelligence (AI) in supporting individualized learning. “AI-driven tools can help teachers identify individual needs and maintain engagement for advanced learners while ensuring that others are not left behind. These tools can personalize education, creating pathways for each student to thrive,” she added. Beyond the classroom, Mukabalisa advocates for enrichment programmes designed for outstandingly gifted students. ALSO READ: A success story of technology in Rwanda’s education sector She stressed that opportunities like STEM programmes, mentorships, and intellectual competitions provide meaningful challenges beyond the standard curriculum. “Collaborative learning spaces also encourage shared exploration, fostering a sense of community among learners.” Flexibility in school policies is essential for nurturing bright minds, she said, pointing out that schools need to allow learners to advance based on readiness rather than age as this ensures that learners progress according to their potential rather than being constrained by rigid structures. John Mary Musinguzi, the Principal at First Impressions International School in Gishushu, Kigali, shared concerns about balancing the needs of advanced learners with classroom dynamics. He underlined the importance of respect and order in managing such situations. “There is a smart child who is ahead of what the teacher has prepared, but they must air their insights respectfully to maintain the value of the teacher-student relationship,” Musinguzi said. Musinguzi also underlined the significance of aligning advanced learners’ progress with curriculum objectives. “Teachers usually prepare lessons based on syllabuses, which is why they can’t give what is beyond the learners’ grade or level. However, they should guide learners, giving them room to express what they have learned, and helping them filter and align their knowledge with the class objectives,” he explained. Musinguzi believes advanced learners are an asset when appropriately nurtured, adding that reading ahead prepares students for lessons and promotes self-reliance. However, he said, teachers need to ensure learners don’t stray into irrelevant or overly advanced topics that may hinder their understanding. Juvenal Nsengiyumva, a lecturer at AUCA, stated that differentiated instruction is a cornerstone for addressing diverse learning needs. “It involves adapting lessons to meet the needs of students at various levels. For fast learners, this could mean offering advanced materials such as extra reading resources, higher-level critical thinking tasks, or opportunities to explore topics beyond the standard curriculum.” Nsengiyumva explained the role of enrichment programmes in deepening students’ interests such as in activities like math clubs, science fairs, coding competitions, and debate clubs provide platforms for fast learners to expand their knowledge. “Extracurricular activities like environmental conservation programmes, community service projects, or cultural exchanges further broaden their learning experiences.” Promoting a growth mindset, according to Nsengiyumva, is equally important. He said that fast learners should embrace challenges, see mistakes as opportunities for growth, and learn perseverance. Nsengiyumva added that collaborative learning is a valuable tool, noting that working with peers allows fast learners to reinforce their knowledge while fostering a sense of responsibility and leadership. He also stressed the importance of a flexible curriculum – modular learning, where students can complete units at their own pace, allowing fast learners to move ahead when they demonstrate mastery of the content. For him, building strong teacher-student relationships is also crucial, as he points out. “Teachers should take the time to understand each student’s learning style, strengths, and challenges.” However, Nsengiyumva acknowledges gaps in Rwanda’s education system for addressing the needs of fast learners. “The national curriculum has seen changes, particularly in promoting STEM education and 21st-century skills. But it remains largely tailored for the typical students, with little room for adaptation for quick learners.” He noted that resource availability also poses challenges, stressing that while initiatives like the One Laptop per Child (OLPC) programme aim to integrate ICT into education, resource distribution remains uneven. Nsengiyumva emphasized the need for specialized teachers’ training to address the unique needs of advanced learners. Jean-Sauveur Niyorumuri, a tutor at SAVE Teacher Training College in Gisagara District, highlighted the role of technology in nurturing bright students. “The best support as educators is to give learners access to ICT and other technological tools while guiding them on what they can do and what will support their growth,” he said. Despite these efforts, Niyorumuri noted logistical challenges since, for example, having more than 900 students sharing very few computers is a barrier to improving their knowledge and skills in technology. He added: As teachers, we facilitate their exploration of meaningful areas in their learning process.” Niyorumuri pointed out the benefits of group work, explaining that working together allows learners to explore more, share ideas, and deepen their understanding. He supports motivational strategies to inspire advanced learners by encouraging them with words like “keep it up” and providing access to technology experts who guide them in focusing on ICT as a cognitive partner. “We guide students to explore areas that enhance their cognitive capabilities, helping them build meaningful skills and stay focused on productive learning paths,” Niyorumuri said.", "author": { "@type": "Person", "name": "Joan Mbabazi" }, "publisher": { "@type": "Organization", "name": "The New Times", "url": "https://www.newtimes.co.rw/", "sameAs": ["https://www.facebook.com/TheNewTimesRwanda/","https://twitter.com/NewTimesRwanda","https://www.youtube.com/channel/UCuZbZj6DF9zWXpdZVceDZkg"], "logo": { "@type": "ImageObject", "url": "/theme_newtimes/images/logo.png", "width": 270, "height": 57 } }, "copyrightHolder": { "@type": "Organization", "name": "The New Times", "url": "https://www.newtimes.co.rw/" } }At least eight U.S. telecom firms have been compromised by a Chinese hacking campaign, a White House official said on Wednesday. The hack , which also affected dozens of other countries, is part of the ongoing and sprawling “Salt Typhoon” campaign – a cyber campaign that the U.S. believes is aimed at gaining access to prominent political figures and government officials’ communications. “The Chinese compromised private companies exploiting vulnerabilities in their systems as part of a global Chinese campaign that’s affected dozens of countries around the world,” Anne Neuberger, deputy National Security Advisor for Cyber and Emerging Technoloy, said. Neuberger added that officials do not believe any classified communications have been compromised thus far. The hacking campaign is one of the largest intelligence compromises in recent U.S. history. Cyberdefense and intelligence officials have already issued guidance recommending companies increase their security measures. So far, officials have not been able to remove the Chinese government hackers from telecommunications companies. China has denied the allegations, according to CNN. U.S. officials have not publicly named companies impacted by the hack campaign but one official told NBC News that AT&T, Verizon and Lumen Technologies have been hacked. One official said the hackers stole metadata information from people’s cellphones. That information can show when, where and with who a person communicates. It is unclear how many people’s phones have had their metadata stolen but officials indicated it was a large group of people – though not every cellphone in the U.S. Senator Mark Warner, Chairman of the Senate Intelligence Committee, said on Thursday that the hacking campaign had reached the deepest parts of the U.S. telecommunications system which could allow hackers to listen to telephone conversation or read text messages. “This is a deeply concerning development for our national security,” Warner wrote on X. FBI officials have recommended people looking to protect their phone communications should use end-to-end encrypted systems like WhatsApp or Signal to text or call. They also recommended implementing multi-factor authentication for social media, email and more.
COLUMBUS, Ohio, Dec. 17, 2024 (GLOBE NEWSWIRE) -- Worthington Enterprises, Inc. WOR , a market-leading designer and manufacturer of innovative products and solutions that serve customers in the building products and consumer products end markets, today reported results for its fiscal 2025 second quarter ended November 30, 2024. Second Quarter Highlights (all comparisons to the second quarter of fiscal 2024): Net sales of $274.0 million, decreased 8% driven by the deconsolidation of the former Sustainable Energy Solutions segment ("SES") Adjusted EPS of $0.60 from continuing operations (diluted), up 5% and adjusted EBITDA of $56.2 million, up 2%, despite lower net sales Repurchased 200,000 shares of common stock for $8.1 million leaving 5,715,000 shares remaining on the Company's share repurchase authorization Declared a quarterly dividend of $0.17 per share payable on March 28, 2025, to shareholders of record at the close of business on March 14, 2025 Financial highlights, on a continuing operations basis, for the current year and prior year quarters are as follows: (U.S. dollars in millions, except per share amounts) 2Q 2025 2Q 2024 Net sales $ 274.0 $ 298.2 Operating income (loss) 3.5 (14.4 ) Earnings before income taxes 37.1 24.5 Net earnings from continuing operations 28.3 17.9 Earnings per share ("EPS") from continuing operations - diluted 0.56 0.36 Additional Non-GAAP Financial Measures (1) Adjusted operating income $ 6.1 $ 2.4 Adjusted EBITDA from continuing operations 56.2 55.0 Adjusted EPS from continuing operations - diluted 0.60 0.57 ____________________ (1) Refer to the "Use of Non-GAAP Financial Measures and Definitions" for additional information regarding our use of non-GAAP measures, including reconciliation to the most comparable GAAP measures. "We delivered solid financial results for the quarter despite mild but persistent macro headwinds, achieving year over year and sequential growth in adjusted EBITDA and adjusted EPS," said Worthington Enterprises President and CEO Joe Hayek. "Consumer Products' earnings growth was driven by increased volumes and improved gross margins. Building Products generated higher earnings driven by the inclusion of Ragasco and stronger contributions from WAVE." Consolidated Quarterly Results Net sales for the second quarter of fiscal 2025 were $274.0 million, a decrease of $24.2 million, or 8.1%, from the prior year quarter, primarily driven by the deconsolidation of SES during the fourth quarter of fiscal 2024. Net sales in the prior year quarter include $27.5 million related to SES, which is now operated as an unconsolidated joint venture and results are reported within equity income on the consolidated statement of earnings beginning June 1, 2024. Operating income of $3.5 million was favorable $17.9 million to the operating loss in the prior year quarter due to certain nonrecurring effects of the separation of the former Steel Processing business ("Separation") in the prior year, including one-time Separation costs and stranded corporate costs eliminated post-Separation, partially offset by higher restructuring and other expense in the current quarter. Excluding these items, adjusted operating income was $6.1 million, an increase of $3.8 million over the prior year quarter, primarily driven by the inclusion of Ragasco, which was acquired on June 3, 2024, along with higher overall gross margin. Equity income decreased $4.1 million from the prior year quarter to $34.6 million, on lower contributions from ClarkDietrich in the current year quarter and the $2.8 million gain in the prior year quarter related to the divestiture of the Brazilian operations of the engineered cabs joint venture. These headwinds were partially offset by a $3.1 million increase in equity earnings from WAVE. ClarkDietrich contributed equity earnings of $9.7 million, down $4.0 million from the prior year quarter, but up $1.0 million sequentially from the first quarter of fiscal 2025. Income tax expense was $9.1 million in the second quarter of fiscal 2025 compared to $6.6 million in the prior year quarter. The increase was driven by higher pre-tax earnings from continuing operations, partially offset by a lower estimated annual effective tax rate of 24.1%, down from 25.7% in the prior year quarter. Balance Sheet and Cash Flow The Company ended the quarter with cash of $193.8 million, down $50.4 million from May 31, 2024, primarily driven by the acquisition of Ragasco. During the second quarter, the Company generated operating cash flow of $49.1 million, of which $15.2 million was invested in capital projects, including approximately $4.9 million related to previously announced facility modernization projects. Total debt at quarter end consisted entirely of long-term debt and was relatively unchanged from May 31, 2024, at $295.7 million. The Company had no borrowings under its revolving credit facility as of November 30, 2024, leaving $500.0 million available for future use. Quarterly Segment Results Consumer Products generated net sales of $116.7 million during the second quarter of fiscal 2025, down $2.6 million, or 2.2%, from the prior year quarter, primarily driven by a less favorable product mix that was partially offset by higher volumes. Adjusted EBITDA was $15.5 million, up $2.8 million over the prior year quarter, on the combined impact of higher volumes and gross margin improvement partially offset by higher SG&A expense. Building Products generated net sales of $157.3 million during the second quarter of fiscal 2025, an increase of $6.0 million, or 4.0%, over the prior year quarter on contributions from Ragasco, partially offset by lower overall volumes. Adjusted EBITDA of $47.2 million, was up $1.4 million over the prior year quarter, as contributions from Ragasco and higher equity income from WAVE were partially offset by the combined impact of lower volumes and lower contributions of equity income from ClarkDietrich. Outlook "Our team continues to navigate the current environment effectively, maintaining a strong focus on delivering value-added solutions and products for our customers," Hayek said. "While we are pleased with our performance, we continue to set our sights higher. We have improved our value propositions in multiple product lines over the last year, and we are very well positioned as growth returns to our end markets. Led by our people-first, performance-based culture, leveraging a solid balance sheet and a commitment to transformation, innovation and M&A, we are confident in our ability to optimize our business, drive sustainable growth and deliver long-term value to our shareholders." Conference Call The Company will review fiscal 2025 second quarter results during its quarterly conference call on December 18, 2024, at 8:30 a.m. Eastern Time. Details regarding the conference call can be found on the Company website at www.WorthingtonEnterprises.com . About Worthington Enterprises Worthington Enterprises WOR is a designer and manufacturer of market-leading brands that help enable people to live safer, healthier and more expressive lives. The Company operates with two primary business segments: Building Products and Consumer Products. The Building Products segment includes cooking, heating, cooling and water solutions, architectural and acoustical grid ceilings and metal framing and accessories. The Consumer Products segment provides solutions for the tools, outdoor living and celebrations categories. Product brands within the Worthington Enterprises portfolio include Balloon Time®, Bernzomatic®, Coleman® (propane cylinders), CoMet®, Garden Weasel®, General®, HALOTM, HawkeyeTM, Level5 Tools®, Mag Torch®, NEXITM, Pactool International®, PowerCoreTM, Ragasco®, Well-X-Trol® and XLiteTM, among others. The Company also serves the growing global hydrogen ecosystem via a joint venture focused on on-board fueling systems and gas containment solutions. Headquartered in Columbus, Ohio, Worthington Enterprises and its joint ventures employ approximately 6,000 people throughout North America and Europe. Founded in 1955 as Worthington Industries, Worthington Enterprises follows a people-first Philosophy with earning money for its shareholders as its first corporate goal. Worthington Enterprises achieves this outcome by empowering its employees to innovate, thrive and grow with leading brands in attractive markets that improve everyday life. The Company engages deeply with local communities where it has operations through volunteer efforts and The Worthington Companies Foundation , participates actively in workforce development programs and reports annually on its corporate citizenship and sustainability efforts . For more information, visit worthingtonenterprises.com . Safe Harbor Statement Selected statements contained in this release constitute "forward-looking statements," as that term is used in the Private Securities Litigation Reform Act of 1995 (the "Act"). The Company wishes to take advantage of the safe harbor provisions included in the Act. Forward-looking statements reflect the Company's current expectations, estimates or projections concerning future results or events. These statements are often identified by the use of forward-looking words or phrases such as "believe," "expect," "anticipate," "may," "could," "should," "would," "intend," "plan," "will," "likely," "estimate," "project," "position," "strategy," "target," "aim," "seek," "foresee" and similar words or phrases. These forward-looking statements include, without limitation, statements relating to: future or expected cash positions, liquidity and ability to access financial markets and capital; outlook, strategy or business plans; the anticipated benefits of the separation of the Company's Steel Processing business (the "Separation); the expected financial and operational performance of, and future opportunities for, the Company following the Separation; the Company's performance on a pro forma basis to illustrate the estimated effects of the Separation on historical periods; the tax treatment of the Separation transaction; future or expected growth, growth potential, forward momentum, performance, competitive position, sales, volumes, cash flows, earnings, margins, balance sheet strengths, debt, financial condition or other financial measures; pricing trends for raw materials and finished goods and the impact of pricing changes; the ability to improve or maintain margins; expected demand or demand trends for the Company or its markets; additions to product lines and opportunities to participate in new markets; expected benefits from transformation and innovation efforts; the ability to improve performance and competitive position at the Company's operations; anticipated working capital needs, capital expenditures and asset sales; anticipated improvements and efficiencies in costs, operations, sales, inventory management, sourcing and the supply chain and the results thereof; projected profitability potential; the ability to make acquisitions and the projected timing, results, benefits, costs, charges and expenditures related to acquisitions, joint ventures, headcount reductions and facility dispositions, shutdowns and consolidations; projected capacity and the alignment of operations with demand; the ability to operate profitably and generate cash in down markets; the ability to capture and maintain market share and to develop or take advantage of future opportunities, customer initiatives, new businesses, new products and new markets; expectations for Company and customer inventories, jobs and orders; expectations for the economy and markets or improvements therein; expectations for generating improving and sustainable earnings, earnings potential, margins or shareholder value; effects of judicial rulings; the ever-changing effects of the novel coronavirus ("COVID-19") pandemic and the various responses of governmental and nongovernmental authorities thereto on economies and markets, and on our customers, counterparties, employees and third-party service providers; and other non-historical matters. Because they are based on beliefs, estimates and assumptions, forward-looking statements are inherently subject to risks and uncertainties that could cause actual results to differ materially from those projected. Any number of factors could affect actual results, including, without limitation, those that follow: the uncertainty of obtaining regulatory approvals in connection with the Separation, including rulings from the Internal Revenue Service; the Company's ability to successfully realize the anticipated benefits of the Separation; the risks, uncertainties and impacts related to the COVID-19 pandemic – the duration, extent and severity of which are impossible to predict, including the possibility of future resurgence in the spread of COVID-19 or variants thereof – and the availability, effectiveness and acceptance of vaccines, and other actual or potential public health emergencies and actions taken by governmental authorities or others in connection therewith; the effect of national, regional and global economic conditions generally and within major product markets, including significant economic disruptions from COVID-19, the actions taken in connection therewith and the implementation of related fiscal stimulus packages; the effect of conditions in national and worldwide financial markets, including inflation, increases in interest rates and economic recession, and with respect to the ability of financial institutions to provide capital; the impact of tariffs, the adoption of trade restrictions affecting the Company's products or suppliers, a United States withdrawal from or significant renegotiation of trade agreements, the occurrence of trade wars, the closing of border crossings, and other changes in trade regulations or relationships; changing oil prices and/or supply; product demand and pricing; changes in product mix, product substitution and market acceptance of the Company's products; volatility or fluctuations in the pricing, quality or availability of raw materials (particularly steel), supplies, transportation, utilities, labor and other items required by operations (especially in light of the COVID-19 pandemic and Russia's invasion of Ukraine); effects of sourcing and supply chain constraints; the outcome of adverse claims experience with respect to workers' compensation, product recalls or product liability, casualty events or other matters; effects of facility closures and the consolidation of operations; the effect of financial difficulties, consolidation and other changes within the steel, automotive, construction and other industries in which the Company participates; failure to maintain appropriate levels of inventories; financial difficulties (including bankruptcy filings) of original equipment manufacturers, end-users and customers, suppliers, joint venture partners and others with whom the Company does business; the ability to realize targeted expense reductions from headcount reductions, facility closures and other cost reduction efforts; the ability to realize cost savings and operational, sales and sourcing improvements and efficiencies, and other expected benefits from transformation initiatives, on a timely basis; the overall success of, and the ability to integrate, newly-acquired businesses and joint ventures, maintain and develop their customers, and achieve synergies and other expected benefits and cost savings therefrom; capacity levels and efficiencies, within facilities, within major product markets and within the industries in which the Company participates as a whole; the effect of disruption in the business of suppliers, customers, facilities and shipping operations due to adverse weather, casualty events, equipment breakdowns, labor shortages, interruption in utility services, civil unrest, international conflicts (especially in light of Russia's invasion of Ukraine), terrorist activities or other causes; changes in customer demand, inventories, spending patterns, product choices, and supplier choices; risks associated with doing business internationally, including economic, political and social instability (especially in light of Russia's invasion of Ukraine), foreign currency exchange rate exposure and the acceptance of the Company's products in global markets; the ability to improve and maintain processes and business practices to keep pace with the economic, competitive and technological environment; the effect of inflation, interest rate increases and economic recession, which may negatively impact the Company's operations and financial results; deviation of actual results from estimates and/or assumptions used by the Company in the application of its significant accounting policies; the level of imports and import prices in the Company's markets; the impact of environmental laws and regulations or the actions of the United States Environmental Protection Agency or similar regulators which increase costs or limit the Company's ability to use or sell certain products; the impact of increasing environmental, greenhouse gas emission and sustainability regulations and considerations; the impact of judicial rulings and governmental regulations, both in the United States and abroad, including those adopted by the United States Securities and Exchange Commission and other governmental agencies as contemplated by the Coronavirus Aid, Relief and Economic Security (CARES) Act, the Consolidated Appropriations Act, 2021, the American Rescue Plan Act of 2021, and the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010; the effect of healthcare laws in the United States and potential changes for such laws, especially in light of the COVID-19 pandemic, which may increase the Company's healthcare and other costs and negatively impact the Company's operations and financial results; the effects of tax laws in the United States and potential changes for such laws, which may increase the Company's costs and negatively impact the Company's operations and financial results; cyber security risks; the effects of privacy and information security laws and standards; and other risks described from time to time in the Company's filings with the United States Securities and Exchange Commission, including those described in "Part I – Item 1A. – Risk Factors" of the Company's Annual Report on Form 10-K for the fiscal year ended May 31, 2024. Forward-looking statements should be construed in the light of such risks. The Company notes these factors for investors as contemplated by the Act. It is impossible to predict or identify all potential risk factors. Consequently, readers should not consider the foregoing list to be a complete set of all potential risks and uncertainties. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date made. The Company does not undertake, and hereby disclaims, any obligation to update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by applicable law. WORTHINGTON ENTERPRISES, INC. CONSOLIDATED STATEMENTS OF EARNINGS (In thousands, except per share amounts) Three Months Ended Six Months Ended November 30, November 30, 2024 2023 2024 2023 Net sales $ 274,046 $ 298,229 $ 531,354 $ 610,147 Cost of goods sold 199,987 234,951 394,800 477,239 Gross profit 74,059 63,278 136,554 132,908 Selling, general and administrative expense 67,918 70,583 133,954 145,128 Restructuring and other expense, net 2,620 6 3,778 6 Separation costs - 7,056 - 9,466 Operating income (loss) 3,521 (14,367 ) (1,178 ) (21,692 ) Other income (expense): Miscellaneous income, net 65 714 551 1,013 Loss on extinguishment of debt - - - (1,534 ) Interest expense, net (1,033 ) (472 ) (1,522 ) (1,546 ) Equity in net income of unconsolidated affiliates 34,556 38,668 70,048 84,092 Earnings before income taxes 37,109 24,543 67,899 60,333 Income tax expense 9,100 6,609 15,882 15,569 Net earnings from continuing operations 28,009 17,934 52,017 44,764 Net earnings from discontinued operations - 10,233 - 83,106 Net earnings 28,009 28,167 52,017 127,870 Net earnings (loss) attributable to noncontrolling interests (251 ) 3,865 (496 ) 7,461 Net earnings attributable to controlling interest $ 28,260 $ 24,302 $ 52,513 $ 120,409 Amounts attributable to controlling interest: Net earnings from continuing operations $ 28,260 $ 17,934 $ 52,513 $ 44,764 Net earnings from discontinued operations - 6,368 - 75,645 Net earnings attributable to controlling interest $ 28,260 $ 24,302 $ 52,513 $ 120,409 Earnings per share from continuing operations - basic $ 0.57 $ 0.36 $ 1.06 $ 0.91 Earnings per share from discontinued operations - basic - 0.13 - 1.55 Net earnings per share attributable to controlling interest - basic $ 0.57 $ 0.49 $ 1.06 $ 2.46 Earnings per share from continuing operations - diluted $ 0.56 $ 0.36 $ 1.04 $ 0.89 Earnings per share from discontinued operations - diluted - 0.13 - 1.51 Net earnings per share attributable to controlling interest - diluted $ 0.56 $ 0.49 $ 1.04 $ 2.40 Weighted average common shares outstanding - basic 49,464 49,186 49,475 49,013 Weighted average common shares outstanding - diluted 50,138 50,042 50,264 50,102 Cash dividends declared per share $ 0.17 $ 0.32 $ 0.34 $ 0.64 CONSOLIDATED BALANCE SHEETS WORTHINGTON ENTERPRISES, INC. (In thousands) November 30, May 31, 2024 2024 Assets Current assets: Cash and cash equivalents $ 193,805 $ 244,225 Receivables, less allowances of $2,553 and $343, respectively 184,925 199,798 Inventories Raw materials 74,921 66,040 Work in process 10,577 11,668 Finished products 93,965 86,907 Total inventories 179,463 164,615 Income taxes receivable 9,417 17,319 Prepaid expenses and other current assets 35,389 47,936 Total current assets 602,999 673,893 Investment in unconsolidated affiliates 135,218 144,863 Operating lease assets 23,015 18,667 Goodwill 369,799 331,595 Other intangibles, net of accumulated amortization of $89,638 and $83,242, respectively 244,102 221,071 Other assets 22,309 21,342 Property, plant and equipment: Land 8,632 8,657 Buildings and improvements 129,684 123,478 Machinery and equipment 356,678 321,836 Construction in progress 27,330 24,504 Total property, plant and equipment 522,324 478,475 Less: accumulated depreciation 262,749 251,269 Total property, plant and equipment, net 259,575 227,206 Total assets $ 1,657,017 $ 1,638,637 Liabilities and equity Current liabilities: Accounts payable $ 83,262 $ 91,605 Accrued compensation, contributions to employee benefit plans and related taxes 28,499 41,974 Dividends payable 9,040 9,038 Other accrued items 42,357 29,061 Current operating lease liabilities 5,396 6,228 Income taxes payable 910 470 Total current liabilities 169,464 178,376 Other liabilities 60,305 62,243 Distributions in excess of investment in unconsolidated affiliate 110,763 111,905 Long-term debt 295,721 298,133 Noncurrent operating lease liabilities 18,090 12,818 Deferred income taxes 89,716 84,150 Total liabilities 744,059 747,625 Shareholders' equity - controlling interest 911,321 888,879 Noncontrolling interests 1,637 2,133 Total equity 912,958 891,012 Total liabilities and equity $ 1,657,017 $ 1,638,637 WORTHINGTON ENTERPRISES, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands) Three Months Ended Six Months Ended November 30, November 30, 2024 2023 2024 2023 Operating activities: Net earnings $ 28,009 $ 28,167 $ 52,017 $ 127,870 Adjustments to reconcile net earnings to net cash provided by operating activities: Depreciation and amortization 11,927 28,007 23,757 56,332 Impairment of long-lived assets - - - 1,401 Provision for (benefit from) deferred income taxes 2,682 1,968 (2,855 ) (3,485 ) Loss on extinguishment of debt - - - 1,534 Bad debt expense (income) 2,069 345 2,061 (454 ) Equity in net income of unconsolidated affiliates, net of distributions 4,268 (4,129 ) 7,721 6,096 Net gain on sale of assets (508 ) (439 ) (526 ) (334 ) Stock-based compensation 5,937 6,175 9,862 10,691 Changes in assets and liabilities, net of impact of acquisitions: Receivables (18,636 ) 76,704 9,530 67,861 Inventories 7,836 103,150 1,430 38,823 Accounts payable 447 (75,373 ) (12,646 ) (75,095 ) Accrued compensation and employee benefits (2,021 ) 2,794 (13,466 ) (9,220 ) Other operating items, net 7,043 (32,379 ) 13,314 (27,334 ) Net cash provided by operating activities 49,053 134,990 90,199 194,686 Investing activities: Investment in property, plant and equipment (15,161 ) (32,876 ) (24,790 ) (62,174 ) Acquisitions, net of cash acquired 731 (21,013 ) (88,156 ) (21,013 ) Proceeds from sale of assets, net of selling costs 1,616 751 13,385 802 Investment in non-marketable equity securities (40 ) (1,500 ) (2,040 ) (1,540 ) Investment in note receivable - - - (15,000 ) Distribution from unconsolidated affiliate - 1,085 - 1,085 Net cash used by investing activities (12,854 ) (53,553 ) (101,601 ) (97,840 ) Financing activities: Dividends paid (8,969 ) (17,333 ) (17,085 ) (33,058 ) Repurchase of common shares (8,079 ) - (14,882 ) - Proceeds from issuance of common shares, net of tax withholdings (3,893 ) (9,207 ) (7,051 ) (14,337 ) Net proceeds from short-term borrowings (1) - 175,000 - 172,187 Principal payments on long-term obligations - - - (243,757 ) Payments to noncontrolling interests - - - (1,921 ) Net cash provided (used) by financing activities (20,941 ) 148,460 (39,018 ) (120,886 ) Increase (decrease) in cash and cash equivalents 15,258 229,897 (50,420 ) (24,040 ) Cash and cash equivalents at beginning of period 178,547 201,009 244,225 454,946 Cash and cash equivalents at end of period (2) $ 193,805 $ 430,906 $ 193,805 $ 430,906 ____________________ (1) Net proceeds in fiscal 2024 consisted of borrowings under Worthington Steel's short-term credit facilities assumed by Worthington Steel in conjunction with the Separation. (2) The cash flows related to discontinued operations have not been segregated in the periods presented herein. Accordingly, the consolidated statements of cash flows include the results from continuing and discontinued operations. WORTHINGTON ENTERPRISES, INC. NON-GAAP FINANCIAL MEASURES (In thousands, except units and per share amounts The following provides a reconciliation of non-GAAP financial measures, including adjusted operating income, adjusted earnings before income taxes, adjusted income tax expense (benefit), adjusted net earnings from continuing operations attributable to controlling interest, and adjusted earnings per diluted share from continuing operations attributable to controlling interest, from their most comparable GAAP measure for the three and six months ended November 30, 2024 and 2023. Refer to the Use of Non-GAAP Financial Measures and Definitions section herein and non-GAAP footnotes below for further information on these measures. Three Months Ended November 30, 2024 Earnings Income Net Earnings Diluted Before Tax from EPS - Operating Income Expense Continuing Continuing Income Taxes (Benefit) Operations (1) Operations GAAP $ 3,521 $ 37,109 $ 9,100 $ 28,260 0.56 Restructuring and other expense, net 2,620 2,620 (639 ) 1,981 0.04 Non-GAAP $ 6,141 $ 39,729 $ 9,739 $ 30,241 $ 0.60 Three Months Ended November 30, 2023 Earnings Income Net Earnings Diluted Operating Before Tax from EPS - Income Income Expense Continuing Continuing (Loss) Taxes (Benefit) Operations (1) Operations GAAP $ (14,367 ) $ 24,543 $ 6,609 $ 17,934 $ 0.36 Corporate costs eliminated at Separation 9,671 9,671 (2,344 ) 7,327 0.14 Restructuring and other expense, net 6 6 (1 ) 5 - Separation costs 7,056 7,056 (1,690 ) 5,366 0.11 Gain on sale of assets in equity income - (2,780 ) 662 (2,118 ) (0.04 ) Non-GAAP $ 2,366 $ 38,496 $ 9,982 $ 28,514 $ 0.57 Six Months Ended November 30, 2024 Earnings Income Net Earnings Operating Before Tax from Diluted EPS - Income Income Expense Continuing Continuing (Loss) Taxes (Benefit) Operations (1) Operations GAAP $ (1,178 ) $ 67,899 $ 15,882 $ 52,513 $ 1.04 Restructuring and other expense, net 3,778 3,778 (928 ) 2,850 0.06 Non-GAAP $ 2,600 $ 71,677 $ 16,810 $ 55,363 $ 1.10 Six Months Ended November 30, 2023 Operating Income (Loss) Earnings Before Income Taxes Income Tax Expense (Benefit) Net Earnings from Continuing Operations (1) Diluted EPS - Continuing Operations GAAP $ (21,692 ) $ 60,333 $ 15,569 $ 44,764 0.89 Corporate costs eliminated at Separation 19,343 19,343 (4,609 ) 14,734 0.29 Restructuring and other expense, net 6 6 (1 ) 5 - Separation costs 9,466 9,466 (2,256 ) 7,210 0.15 Loss on extinguishment of debt - 1,534 (366 ) 1,168 0.02 Gain on sale of assets in equity income - (2,780 ) 662 (2,118 ) (0.04 ) Non-GAAP $ 7,123 $ 87,902 $ 22,139 $ 65,763 $ 1.31 ____________________ (1) Excludes the impact of noncontrolling interest To further assist in the analysis of segment results for the three and six months ended November 30, 2024 and 2023 the following supplemental information has been provided. Reconciliations of adjusted EBITDA from continuing operations and adjusted EBITDA margin from continuing operations to the most comparable GAAP measures are provided below. Three Months Ended Six Months Ended November 30, November 30, (in thousands) 2024 2023 2024 2023 Volume Consumer Products 16,420 15,931 32,591 31,963 Building Products 3,329 3,347 6,423 7,156 Total reportable segments 19,749 19,278 39,014 39,119 Other - 114 - 220 Consolidated 19,749 19,392 39,014 39,339 Net sales Consumer Products $ 116,748 $ 119,389 $ 234,343 $ 236,742 Building Products 157,298 151,303 297,011 317,231 Total reportable segments 274,046 270,692 531,354 553,973 Other - 27,537 - 56,174 Consolidated $ 274,046 $ 298,229 $ 531,354 $ 610,147 Adjusted EBITDA from continuing operations Consumer Products $ 15,484 $ 12,674 $ 33,259 $ 26,889 Building Products 47,185 45,809 86,914 105,442 Total reportable segments 62,669 58,483 120,173 132,331 Unallocated Corporate and Other (6,456 ) (3,439 ) (15,524 ) (11,373 ) Consolidated $ 56,213 $ 55,044 $ 104,649 $ 120,958 Adjusted EBITDA margin from continuing operations Consumer Products 13.3 % 10.6 % 14.2 % 11.4 % Building Products 30.0 % 30.3 % 29.3 % 33.2 % Consolidated 20.5 % 18.5 % 19.7 % 19.8 % Equity income by unconsolidated affiliate WAVE (1) $ 24,564 $ 21,428 $ 52,466 $ 49,743 ClarkDietrich (1) 9,730 13,748 18,474 30,476 Other (2) 262 3,492 (892 ) 3,873 Consolidated $ 34,556 $ 38,668 $ 70,048 $ 84,092 ____________________ (1) Equity income contributed by Worthington Armstrong Venture ("WAVE") and Clarkwestern Dietrich Building Systems LLC ("ClarkDietrich) is associated with our Building Products reportable segment (2) Other includes the Company's share of the equity earnings of Taxi Workhorse, LLC and the SES joint venture. A reconciliation from earnings before income taxes from continuing operations to the non-GAAP financial measure of adjusted EBITDA from continuing operations for the each of the periods presented is provided below. Three Months Ended Six Months Ended November 30, November 30, 2024 2023 2024 2023 Earnings before income taxes (GAAP) $ 37,109 $ 24,543 $ 67,899 $ 60,333 Plus: Net loss attributable to noncontrolling interest 251 - 496 - Net earnings before income taxes attributable to controlling interest 37,360 24,543 68,395 60,333 Interest expense, net 1,033 472 1,522 1,546 EBIT (1) 38,393 25,015 69,917 61,879 Corporate costs eliminated at Separation - 9,671 - 19,343 Restructuring and other expense, net 2,620 6 3,778 6 Separation costs - 7,056 - 9,466 Loss on extinguishment of debt - - - 1,534 Gain on sale of assets in equity income - (2,780 ) - (2,780 ) Adjusted EBIT (1) 41,013 38,968 73,695 89,448 Depreciation and amortization 11,927 12,215 23,757 24,290 Stock-based compensation (2) 3,273 3,861 7,197 7,220 Adjusted EBITDA from continuing operations (non-GAAP) $ 56,213 $ 55,044 $ 104,649 $ 120,958 Earnings before income taxes margin (GAAP) 13.5 % 8.2 % 12.8 % 9.9 % Adjusted EBITDA margin from continuing operations (non-GAAP) 20.5 % 18.5 % 19.7 % 19.8 % ____________________ (1) EBIT and adjusted EBIT are non-GAAP financial measures. However, these measures are not used by management to evaluate the Company's performance, engage in financial and operational planning, or to determine incentive compensation. Instead, they are included as subtotals in the reconciliation of earnings (loss) before income taxes to adjusted EBITDA from continuing operations, which is a non-GAAP financial measure used by management. (2) Excludes $2.7 million of stock-based compensation reported in restructuring and other expense, net in the Company's consolidated statement of earnings for the three months ended November 30, 2024 related to the accelerated vesting of certain outstanding equity awards upon retirement of a key employee. WORTHINGTON ENTERPRISES, INC. USE OF NON-GAAP FINANCIAL MEASURES AND DEFINITIONS NON-GAAP FINANCIAL MEASURES. These materials include certain financial measures that are not calculated and presented in accordance with accounting principles generally accepted in the United States ("GAAP"). The non-GAAP financial measures typically exclude items that management believes are not reflective of, and thus should not be included when evaluating the performance of the Company's ongoing operations. Management uses the non-GAAP financial measures to evaluate the Company's performance, engage in financial and operational planning, and determine incentive compensation. Management believes these non-GAAP financial measures provide useful supplemental information and additional perspective on the performance of the Company's ongoing operations and should not be considered as an alternative to the comparable GAAP measure. Additionally, management believes these non-GAAP financial measures allow for meaningful comparisons and analysis of trends in the Company's businesses and enable investors to evaluate operations and future prospects in the same manner as management. The following provides an explanation of each non-GAAP financial measure presented in these materials: Adjusted operating income (loss) is defined as operating income (loss) excluding the items listed below, to the extent naturally included in operating income (loss). Adjusted net earnings from continuing operations is defined as net earnings from continuing operations attributable to controlling interest ("net earnings from continuing operations") excluding the after-tax effect of the excluded items outlined below. Adjusted earnings per diluted share from continuing operations ("Adjusted EPS from continuing operations") is defined as adjusted net earnings from continuing operations divided by diluted weighted-average shares outstanding). Adjusted EBITDA is defined as adjusted earnings before interest, taxes, depreciation, and amortization. EBITDA is calculated by adding or subtracting, as appropriate, interest expense, net, income tax expense, depreciation, and amortization to/from net earnings from continuing operations attributable to controlling interest, which is further adjusted to exclude impairment and restructuring charges (gains) as well as other items that management believes are not reflective of, and thus should not be included when evaluating the performance of its ongoing operations, as outlined below. Adjusted EBITDA also excludes stock-based compensation due to its non-cash nature, which is consistent with how management assesses operating performance. At the segment level, adjusted EBITDA includes expense allocations for centralized corporate back-office functions that exist to support the day-to-day business operations. Public company and other governance costs are held at the corporate-level. Adjusted EBITDA margin is calculated by dividing adjusted EBITDA by net sales. Exclusions from Non-GAAP Financial Measures Management believes it is useful to exclude the following items from the non-GAAP financial measures presented in this report for its own and investors' assessment of the business for the reasons identified below. Additionally, management may exclude other items from the Non-GAAP financial measures that do not occur in the ordinary course of our ongoing business operations and note them in the reconciliation from earnings before income taxes from continuing operations to the non-GAAP financial measure of adjusted EBITDA from continuing operations. Impairment charges are excluded because they do not occur in the ordinary course of our ongoing business operations, are inherently unpredictable in timing and amount, and are non-cash, which we believe facilitates the comparison of historical, current and forecasted financial results. Restructuring activities, which can result in both discrete gains and/or losses, consist of established programs that are not part of our ongoing operations, such as divestitures, closing or consolidating facilities, employee severance (including rationalizing headcount or other significant changes in personnel), and realignment of existing operations (including changes to management structure in response to underlying performance and/or changing market conditions). These items are excluded because they are not part of the ongoing operations of our underlying business. Separation costs, which consist of direct and incremental costs incurred in connection with the completed Separation are excluded as they are one-time in nature and are not expected to occur in period following the Separation. These costs include fees paid to third-party advisors, such as investment banking, audit and other advisory services as well as direct and incremental costs associated with the Separation of shared corporate functions. Results in the current fiscal year also include incremental compensation expense associated with the modification of unvested short and long-term incentive compensation awards, as required under the employee matters agreement executed in conjunction with the Separation. Loss on early extinguishment of debt is excluded because it does not occur in the normal course of business and may obscure analysis of trends and financial performance. Additionally, the amount and frequency of this type of charge is not consistent and is significantly impacted by the timing and size of debt extinguishment transactions. Corporate costs eliminated at Separation are those costs that were related to corporate resources that, post-Separation, no longer exist to support the Company's continuing operations, but were not clearly identifiable to the former Steel Processing segment. Sonya L. Higginbotham Senior Vice President Chief of Corporate Affairs, Communications and Sustainability 614.438.7391 sonya.higginbotham@wthg.com Marcus A. Rogier Treasurer and Investor Relations Officer 614.840.4663 marcus.rogier@wthg.com 200 West Old Wilson Bridge Rd. Columbus, Ohio 43085 WorthingtonEnterprises.com © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Looks like National Conference decided to perform Umrah. Good. But it is not parties that perform a certain worship it is persons that connect to the divine. Umrah is an obligation for an individual not for a party, much less a political party. God in any case knows all, sees all; who are we relaying these pictures and videos to! When light falls on a worshipper it doesn’t illuminate, it fades. But this is not something specifically true for Omar and his team. We see almost all people doing it these days. A selfie with Ka’ba is becoming a profile picture of our journey to Mecca. Well, commenting on individuals is not a nice thing to do. It is not desired and it has a moral side to it. One can never peep into someone’s heart. What is between an individual and his God is only between the individual and his God. Others should shut their mouth. I shut my own. But here the pictures weren’t about an individual, they were nothing less than party postcards. Given the political background, it carries a certain message. It’s akin to drawing on the religious sensibilities of the people back home. National Conference has carried this contradiction in brazen ways, though they might presume it as their mastery over a craft. One the one hand, the National Conference takes pride in it being a secular party that made a Muslim majority state, J&K, join a Hindu majority country, India, at a time when the whole sub-continent was divided on the basis of religious identity. The party still boasts of it being pluralistic in its application of power by carrying along all faiths and regions of the J&K in the government. At a time when Indian politics is completely polarised along religious lines, the National Conference repeatedly talks about the secular recovery of India, and then a place in it for a Muslim majority like J&K. If that is the essential character of the National Conference, the pictures viraled from Mecca don’t fit in the frame. That is one. Two, this time rightwing politics is on the throne. It looks like not just a dust-up on the surface but even underneath the rightwing drills are lifting the earth upside down. The answer to this situation is not to create another communal symbolism. We don’t need to tell the community that we are a party that is embedded in you. What we need is to rise above this strain of politics and work for the principals that are applicable in the larger frame of humanity. We can be rooted in our faith, tied to our community, yet do a politics that transcends parochialism. That is two, but the third one is more important when it comes to National Conference. And that is the political character of this party. In a changed situation where the elections reflected a clear division along religious and regional lines, National Conference needs to revisit its history, and determine what is the political character, and political limits, of this party. When it comes to talking to Delhi or the people outside Kashmir, this party always underlines its ‘secular’ character. It even, at different points of our political journey, wanted to convince the Muslims of Kashmir of the ‘virtues of secularism’. After all that is the only way it could explain its decision to join the Union of India. Where has that landed the Kashmiri Muslims as a political collective is something this party needs to seriously debate over. The pictures sent from Mecca may do little to compensate the damage that National Conference did to the Kashmiri Muslim community, as a political collective, by robbing it of its democratic value. On this, someone like Omar Abdullah needs to think seriously. An even more profound thinking is needed to apply the lessons in a changed situation. One wouldn’t expect it from a person like Omar Abdullah to play such photo-op that can easily be labelled as theatrics. Besides, it has a political undertone and that is not what the Muslims of Kashmir need in the name of political identity. Our problems are rooted in real difficulties and it needs an approach that is equally rooted in reality. We cannot, and should not consolidate our community in the name of a superficial sense-of-identity, but the deeper appreciation of the content-of-community. Tailpiece : Jinnah and the current politics in India cannot sit together. That is like fire and fire. But may be National Conference for a while, in the changed circumstance, can. Jinnah was spotted in his car by a group of Muslims standing by the road side. They started raising slogans, and one of them chanted, Maulana Jinnah . The man accused of communal politics drove back the car, and addressing the pack of people sternly dropped a message: “ Mr. Jinnah, I am plain Mr. Jinnah.” In a politics that was driven by community anxieties, he didn’t want to take any advantage from Muslim symbolism. Any lessons for today’s politicians?Need food stamps or rent help? In Hennepin County there’s a wait.
Can you spot all the Taylor Swift references in Lifetime’s ‘Christmas in the Spotlight’?Sustainability: This word has gained profound significance in the 21st century. Over the last 100 years, the world’s population has quadrupled, bringing challenges such as water shortages, climate change and deforestation. Moreover, we are consuming more food and natural resources and producing more carbon emissions than ever. We call the rainforests of South America the lungs of our planet and advocate for their preservation. Yet, wood is also an integral part of our daily lives. It is the raw material for our chairs and tables, covers our floors, frames our doors, keeps us warm and supports our beds. Even the paper we write on is made from wood. The examples are endless. We need wood – there’s no doubt about it. South America is a continent where we have yet to realize our full potential for collaboration. While the region's countries grappled with democracy and crime issues during the last century, many have built stable economies with sustainable growth in recent decades. With a population of 700 million and rising per capita income, these nations are becoming increasingly attractive consumer markets. The forestry industry is a cornerstone of South American economies, particularly Argentina and Paraguay. Argentina boasts over 1.5 million hectares of forest plantations, projected to rise to 3.5 million in the coming years. Similarly, Paraguay has identified 20 million hectares of land suitable for forestry, offering low taxes and financial incentives to encourage investment. Over the past 20 years, both countries have implemented deforestation laws to manage their natural resources sustainably. Their unique ecosystems make wood production more efficient than in many other parts of the world. The favorable climate and vast pampas of South America yield high-quality wood certified for international markets. In Argentina’s Corrientes and Misiones provinces, oak and pine trees that take 30-40 years to mature in Eastern Europe are harvest-ready in just nine-12 years. Similarly, industrial eucalyptus in Paraguay is 30%-35% more efficient than in Indonesia, a global leader in eucalyptus production. While South America’s forestry industry holds immense potential, it often lacks advanced production techniques, large-scale investments and cutting-edge technology. Countries like Argentina, Paraguay and Uruguay possess a capable labor force but require more educated and experienced professionals to optimize their operations. Although the industry has a history, many local companies have not established the international connections necessary for global integration. In contrast, Türkiye has extensive expertise in the forestry sector. Thanks to our geopolitical advantages and robust trade relationships with the European Union and the Middle Eastern and Asian countries, Turkish forestry companies have forged long-lasting ties worldwide. Turkish wood and forestry firms have become international players, exporting products to over 100 countries and employing tens of thousands globally. These companies have made significant contributions from wooden flooring and doors to furniture and paper. However, Latin America remains an untapped region. With increasing global demand for sustainable wood and stringent deforestation regulations in Argentina and Paraguay, now is the time for Turkish companies to explore collaboration opportunities. Leveraging the ecosystems we’ve built in leading sectors like technology, machinery, logistics and construction, Türkiye now boasts two of the world’s top forestry companies. The governments of Argentina and Paraguay have enacted “Zero Deforestation Laws” to regulate land use and protect forests. These laws also present social opportunities, such as training indigenous communities in forestry management. Partnerships in this area can create jobs and stimulate local economies. With their global expertise, Turkish companies can contribute significantly to sustainable forestry, fostering a win-win scenario and boosting local employment while expanding Türkiye's international footprint in the industry. With a population of 700 million, Latin America is resource-rich and a vast consumer market. Decades of political stabilization and economic growth have made the continent attractive for investments and partnerships. Moreover, governments and industry leaders in Argentina and Paraguay are eager to collaborate and share their knowledge, land and resources. Turkish forestry companies are ideally positioned to expand their influence in this market. Working together can shape a future where sustainable forestry meets growing global demand. The benefits extend beyond resource extraction to include technological exchange, job creation and innovations in sustainability. Collaboration between Turkish and South American companies will bring mutual benefits regarding raw material quality, cost sharing, knowledge transfer, technology exchange and market expansion. It’s time to uncover the world’s hidden treasures and embrace future opportunities.
FRISCO, Texas -- Doom and gloom swirled around the Dallas Cowboys as they entered Week 12 on a five-game losing streak and with a 3-7 record, their worst since 2020. Injuries to their franchise quarterback, No. 2 receiver, top inside linebacker, as many as four edge rushers, both starting outside corners, left tackle and starting guards have made 2024 a challenging year. "As a staff, this is very challenging," head coach Mike McCarthy said Tuesday. "As we've talked as a staff, we'll be better coaches because of this experience. I believe that. I've experienced it in the past. That's what this league's about. It's not about players getting injured. It's really when and who, the timing of it, getting the young guys ready to play as fast as possible. You have different levels of that each and every year. If you're going to coach in this league, you have to be able to coach through these times. I know all of us will be better for this experience." They now feel like they can see a light out of their tunnel of darkness following their upset win at the Washington Commanders on Sunday that ran Dallas' record to 4-7 with their schedule starting to soften up. Plus, longtime backup Cooper Rush's is starting to find his rhythm after three consecutive starts in place of injured Dak Prescott. He completed 24 of his 32 passes at Washington in Week 12 for 247 yards passing and two touchdowns, which gave him career-highs in both completion percentage (75%) and passer rating (117.6). "It feels like that because we know what we're doing," Cowboys cornerback Jourdan Lewis said Tuesday when asked if he sees a light at the end of the tunnel in regards to Dallas' schedule. "We know what we're doing, and guys are playing hard. We're executing the right way from all 11 of us on the field. So it feels good. ... We've been pretty good historically in the past. So we definitely have that confidence in each other that we can go out there and finish games. So, can the Cowboys win out? "That's the plan. As a football player, as a competitor, we want to win games," Lewis said. "We saw we were playing good ball the last few weeks. Everything as a team, it wasn't coming together. It came together in a better way last week, and I feel like that gave us the belief to say, 'We all can play good ball and win out.'" Let's take a closer look at that possibility, as wild as it may sound. Their remaining six opponents have a combined .448 win percentage, which means the Cowboys are tied for the eighth-easiest remaining schedule in the NFL, per Tankathon. The SportsLine simulation model gives the Cowboys just a 1.4% chance to make the postseason and an even more narrow 0.6% chance to win all six of their remaining regular season games. They should be able to take care of business on Thanksgiving against a New York Giants squad whose locker room seems about done with its coaching staff . The Cincinnati Bengals have invented new and creative ways to lose despite quarterback Joe Burrow and wide receiver Ja'Marr Chase producing at historic levels through 11 games. The Carolina Panthers are still in the early stages of their rebuild. The Tampa Bay Buccaneers defense has declined in a major way this season after being a pillar of consistency since 2020. Having to travel to the Philadelphia Eagles , a team that pummeled the Cowboys in Week 10 despite running back Saquon Barkley only registering 66 rushing yards, will definitely be a problem. Other than that, a case can be made that a 9-8 finish for Dallas is within the realm of possibility given the schedule. A 10-7 conclusion to the regular season, which would include a win at Philadelphia, would involve divine intervention. 13 vs. Giants 2-9 64% 14 vs. Bengals 4-7 39% 15 at Panthers 3-8 59% 16 vs. Buccaneers 5-6 49% 17 at Eagles 9-2 27% 18 vs. Commanders 7-5 39% Since the NFL postseason bracket expanded to 12 teams in 1990 -- six each for the AFC and six for the NFC -- seven teams have reached the playoffs after beginning a season 4-7. The 2023 Buccaneers reached the playoffs last season after such a start by finishing 9-8 and winning the NFC South. The good news for the Cowboys is reinforcements are on the way: they activated No. 2 wide receiver Brandin Cooks (knee) off of injured reserve on Wednesday and have hope four-time Pro Bowl edge rusher DeMarcus Lawrence (foot) can eventually return like 2023 first-team All-Pro cornerback DaRon Bland (foot stress fracture) did at Washington on Sunday. Again, a 1.4% chance to make the playoffs means its nearly impossible, but Dallas' 2024 season does still has a heartbeat.( MENAFN - GlobeNewsWire - Nasdaq) Batavia, Illinois, Dec. 17, 2024 (GLOBE NEWSWIRE) -- Every day, scientists, engineers and technicians at Fermilab push the boundaries of knowledge in fields like particle physics, accelerator technology, quantum information science and astrophysics. Read about 10 ways the laboratory has advanced science and technology in 2024. Additionally, a video highlighting the laboratory's accomplishments may be viewed here . 1. Achieved important progress with DUNE Fermilab is the host laboratory for the Deep Underground Neutrino Experiment . This international collaboration will explore the mysteries of elusive particles called neutrinos. More than 1,400 scientists from over 35 countries and CERN are part of the collaboration that is seeking to answer some of the biggest questions around our understanding of the universe. DUNE will be installed in the Long-Baseline Neutrino Facility, currently under construction in Lead, South Dakota at the Sanford Underground Research Facility, and at Fermilab in Batavia, Illinois. Crews completed excavation of DUNE's caverns in February, removing close to 800,000 tons of rock from a former mine in South Dakota for the future subterranean home of the experiment's far detector. A ribbon-cutting event was held in August with officials from around the globe commemorating this historic milestone. In September, a test for lowering steel beams was successfully completed in preparation for the next phase of the project. Meanwhile, in Illinois, the Fermilab accelerator complex achieved a critical milestone towards high intensity running for DUNE, reaching 1 MW beam intensity from its Main Injector. Additionally, workers prepared the eight acres at Fermilab where the future DUNE near site will be built. And a prototype for the near detector - the 2×2 demonstrator - saw its first accelerator-made neutrinos . Across the pond at CERN in Geneva, Switzerland, prototypes for the far detector - ProtoDUNE - were filled with liquid argon to ready them for operation. This year, Jim Kerby was appointed the new LBNF/DUNE-US project director. Kerby brings over 30 years of engineering and technical management experience to the table. He will be responsible for managing all 2. Made major advancements with the Proton Improvement Plan-II project Proton Improvement Plan-II is providing a major upgrade to the Fermilab particle accelerator complex, including a state-of-the-art superconducting radio frequency linear accelerator. The PIP-II project started off the year by welcoming a new director, Pantaleo Raimondi , a world-renowned physicist with extensive experience in accelerator physics and project management at labs around the world. The PIP-II team also made progress with one of the five types of cryomodules that will make up the linear accelerator. Fermilab successfully shipped a prototype high-beta 650-megahertz cryomodule - the largest needed for the PIP-II linac - to the United Kingdom and back again. This was an important step in testing the cryomodule transportation system and a final test before shipping the first actual cryomodule built in the U.K. to the United States. PIP-II is the first particle accelerator in the U.S. to be built with significant contributions from international partners. Institutions in France, India, Italy, Poland and the U.K. are contributing technologies, instrumentation and expertise to build the accelerator. Early in 2024, India's Department of Atomic Energy informed the U.S. Department of Energy that India is officially moving from the research and development phase to the construction phase for its contributions to the PIP-II project. Pieces of India's largest in-kind contribution to PIP-II, the cryogenic plant, are scheduled to arrive at Fermilab in the next month after a two-month journey over sea and land. In addition, PIP-II partners at UK Research and Innovation received the first production HB650 cavity, which was tested and met specifications. And PIP-II partners at INFN, the National Institute for Nuclear Physics in Italy, placed the contract to produce all low-beta 650-megahertz cryomodule cavities. In November, the project completed the Early Conventional Facilities subproject , marking the subproject's readiness for the final stage of approval, known as CD-4, planned for January 2025. 3. Continued our involvement in the CMS experiment at CERN For decades, Fermilab has been the host institution for U.S. CMS. The CMS experiment at CERN records data from high-energy particle collisions produced by the Large Hadron Collider, the world's biggest particle accelerator. Earlier this year, Fermilab scientists working on CMS helped create a tool that expands the search for new particles at the LHC. The search could either uncover physics beyond the Standard Model or set the most stringent limits in the search for a class of theoretical particles called long-lived particles. In September, the CMS collaboration announced a new mass measurement of the W boson , one of nature's force-carrying particles, that is consistent with predictions. This new measurement, which followed the 2022 measurement by the Collider Detector at Fermilab experiment that differed from the Standard Model prediction, is the most elaborate investigation of the W boson's mass to date and took nearly a decade of analysis. The Department of Energy also approved the start of full production for the $200 million DOE-funded contributions to the upgrade of the CMS experiment. With the high-luminosity upgrade to the Large Hadron Collider planned for 2029, CMS collaborators need to upgrade the detector to keep up with the forthcoming more-intense particle beams. Fermilab connections continue to be strong at the highest levels of the CMS collaboration. Patty McBride , a Fermilab distinguished scientist, completed her two-year term as the CMS spokesperson in September. She passed the torch to a new management team that includes Fermilab senior scientist Anadi Canepa, now a deputy spokesperson for CMS until 2026. 4. Detected first neutrinos at the Short-Baseline Neutrino Detector The international Short-Baseline Neutrino Program at Fermilab is devoted to examining the properties of neutrinos and the nature of neutrino oscillations in more detail than ever before. The Short-Baseline Near Detector is the near detector for the SBN Program while ICARUS, which started collecting data in 2021, is the far detector. A third detector called MicroBooNE finished recording particle interactions with the same neutrino beamline that same year. After nearly a decade of planning, prototyping and constructing the near detector, SBND made major progress in 2024. In February, SBND was filled with liquid argon , which it uses to see tracks left by charged particles. A few months later, the detector saw its first neutrino interactions . But it's only the beginning for SBND: the collaboration will operate the detector, analyzing many millions of neutrino interactions, for the next several years. SBND will see more neutrinos than any other detector of its kind, and the large data sample will allow researchers to study neutrino interactions with unprecedented precision, helping to inform future experiments that will also use liquid argon to detect neutrinos, including DUNE. 5. Moved massive magnets In February, crews very carefully moved a superconducting solenoid magnet 1.5 miles across the Fermilab campus. The 65,700-pound magnet was built for the Mu2e experiment , which is looking for evidence that a muon can transform into an electron. If observed, this muon-to-electron conversion would point to new physics. The team moved the first Mu2e magnet in December 2023 . Once assembled into the Mu2e detector, the magnets will create a low-energy muon beam that will be directed at an aluminum target. The magnets will also provide a constant magnetic field in the detector region that allows scientists to accurately determine the momentum of the resulting electrons. Over the summer, a different kind of magnet weighing over 100,000 pounds was moved from the University of Illinois Chicago to Fermilab. The repurposed superconducting magnet will be used in a future experiment. In late fall, Fermilab shipped its second quadrupole magnet cryoassembly to CERN. This magnet is part of Fermilab's contribution to the high luminosity upgrade of the Large Hadron Collider. It uses advanced niobium-tin (Nb3Sn) magnets to strongly focus the proton beams and increase the number of collisions. Fermilab innovations were crucial to making these high-field magnets possible. 6. Strengthened our leadership in quantum information science Fermilab is the proud host of the Superconducting Quantum Materials and Systems Center , one of the five DOE National Quantum Information Science Research Center s . The SQMS Center brings together more than 30 partner institutions representing national labs, industry and academia, all dedicated to advancing critical quantum technologies with a focus on superconducting quantum systems. During 2024, SQMS scientists and engineers achieved reproducible improvements in superconducting transmon qubit lifetimes with record values in excess of 1 millisecond. The results were achieved through innovative materials and design techniques that eliminated major loss sources in the devices. SQMS has also advanced quantum computing platforms based on high-coherence superconducting cavities. Over the summer the Department of Energy approved IBM as a new partner in SQMS. This collaboration intends to leverage the strengths of these two organizations to address key hurdles in quantum computing, communication and large-scale deployment of superconducting quantum platforms. This year, SQMS led the NQISRC's executive council , coordinating joint activities across the five centers, which have strengthened the national quantum information science ecosystem, achieving scientific and technological breakthroughs as well as training the next-generation quantum workforce . Quantum technology can also be used to probe the fundamental theory of quantum mechanics. Fermilab theorists and experimentalists used qubits to constrain alternatives to the standard laws of quantum mechanics in which systems evolve linearly in time. 7. Got very QUIET In June, a new quantum sensor and computing research center named the Quantum Underground Instrumentation Experimental Testbed became operational . QUIET sits one hundred meters underground at Fermilab in an area that previously housed a neutrino experiment. Its companion surface lab, LOUD, had been operating for over a year prior to QUIET's opening. Together, QUIET and LOUD enable controlled experiments that use quantum sensors to directly compare an environment that is significantly shielded from cosmic rays and other energy effects with the environment on the earth's surface. In October, superconducting qubits were successfully deployed at QUIET for the first time, marking the transition from infrastructure development to unique scientific studies at the lab. Scientists are using QUIET to understand how these superconducting qubits are impacted by cosmic rays and other high-energy particles. This knowledge could help researchers construct new types of qubits that could be shielded from interference or design ones that are insensitive to it. In addition, QUIET can contribute to a range of applications that require ultra-sensitivity to their environment, including dark matter detection. QUIET and LOUD are funded by the Quantum Science Center , of which Fermilab is a primary founding member. 8. Learned more about dark energy and our universe We're not just about particle physics! Astrophysics is an important piece of Fermilab's portfolio. In 2024, Fermilab researchers continued to shed light on some of the greatest mysteries in the cosmos - such as dark energy , the enigmatic entity that makes up about 70% of our universe. Fermilab scientists lead the Dark Energy Survey, an international collaboration of over 400 astrophysicists, astronomers and cosmologists, which shared two results in 2024. In January, they announced the strongest constraints on the expansion of the universe ever obtained with the DES supernova survey. A month later, the collaboration released a new measurement of cosmic distances that supports the standard model of the accelerated expansion of the universe. This year, researchers released the first results from the Dark Energy Spectroscopic Instrument , which is gathering light from some 30 million galaxies at a telescope at Kitt Peak National Observatory. The DESI collaboration used the first year of data to make the most extensive 3D map of our universe and world-leading measurements of dark energy. They also charted how nearly 6 million galaxies cluster across 11 billion years of cosmic history, lining up with predictions of Einstein's theory of general relativity. Fermilab contributed key elements to DESI, including the online databases for data acquisition, software to control the robotic positioners , the corrector barrel, hexapod and cage. 9. Advanced emerging technologies to benefit physics and beyond Fermilab's contributions to research and technology development reach well beyond physics. In collaboration with 3M, Fermilab scientists successfully demonstrated that an electron beam can destroy PFAS , a suite of useful chemicals that don't easily break down and accumulate in the environment and human body. Fermilab researchers are also building a prototype electron beam accelerator to make X-rays for sterilizing medical equipment - a potentially game-changing development for the growing medical equipment sterilization industry, which is looking for alternatives to current technologies that use substances that can present safety issues. This year, Fermilab researchers also received funding from the Department of Energy as part of its Accelerate Innovations program to develop three different emerging technologies : superconducting nanowire single-photon detectors, 3D integrated sensing solutions, and compact superconducting radio frequency electron-beam accelerator technology. An additional federal grant enabled a collaborative project between Fermilab and California-based RadiaBeam Technologies. Fermilab engineers used their expertise in cryomodule design and conduction cooling to help RadiaBeam design and assemble a conduction-cooled cryomodule and break into the superconducting industrial accelerator market. In another quantum experiment, Fermilab scientists demonstrated the ability to use specialized quantum techniques to stimulate the creation of photons, increase sensitivity and minimize noise. This research can significantly enhance the ability to detect faint signals such as those emitted from dark matter. Lastly, this month, Fermilab engineers announced they are ready to bring to market a new companion to the Quantum Instrumentation Control Kit, an open-source control and readout system supported by the Quantum Science Center . The new product, QICK box, builds on QICK's ability to enable researchers to improve quantum system performance by manipulating signals in ways that optimize their ability to read information stored in quantum bits. In September, the team also rolled out QICK version 2.0, which features updated software and firmware. 10. Improved the campus and access to it The year 2024 was a standout for the Fermilab campus as the new Integrated Engineering Research Center, with its environmentally sustainable design, received multiple awards , including the Department of Energy's 2024 Outstanding Net-Zero Building Program/Project Award and the High Performance Sustainable Building Award. The 80,000-square-foot multi-story laboratory and office building, located next to Wilson Hall, provides workspace for around 100 engineers and technicians and has been bustling with activity since its completion in 2023. Last year, the Fermilab campus reopened to the public after a hiatus due to the COVID-19 pandemic. In January 2024, Director Lia Merminga announced updates to Fermilab's site access, including the exciting news that our iconic Wilson Hall had reopened to the public . Since then, thousands of visitors have attended public tours , Saturday Morning Physics lectures, teacher workshops , field trips and other events . Additionally, Lederman Science Center welcomed nearly 6,000 guests. Learn more about visiting the lab here . In 2024, crews continued improvements on many areas of the Fermilab site, including starting construction on Fermilab's new welcome center , which is expected to open in fall 2025. Located near Fermilab's main entrance on Pine Street, the Fermilab Welcome and Access Center will host both informational and administrative functions for smoother processing and access to the site. The construction project also includes a new guardhouse and the reconfiguration of traffic routes for cars, bicyclists and pedestrians to provide easy and secure access to the campus. Fermi National Accelerator Laboratory is supported by the Office of Science of the U.S. Department of Energy. The Office of Science is the single largest supporter of basic research in the physical sciences in the United States and is working to address some of the most pressing challenges of our time. For more information, please visit science.energy.gov . Attachments MENAFN17122024004107003653ID1109004928 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. 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Vertical Blender Market Analysis By Top Keyplayers - Doyle Equipment Manufacturing, AGI, EMT, Kason, Adams Fertilizer Equipment, John R Boone, Heilig Mixing Technology, Kemutec, INDPRO Engineering Systems Pvt. Ltd., GIMAT Srl, CrustBuster/Speed King, Inc. 11-27-2024 08:52 PM CET | Advertising, Media Consulting, Marketing Research Press release from: Verified Market Reports The "Vertical Blender Market" is expected to reach USD xx.x billion by 2031, indicating a compound annual growth rate (CAGR) of xx.x percent from 2024 to 2031. The market was valued at USD xx.x billion In 2023. Growing Demand and Growth Potential in the Global Vertical Blender Market, 2024-2031 Verified Market Research's most recent report, "Vertical Blender Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2030," provides an in-depth examination of the industry that includes insights into the market analysis. Along with competition and geographical research, the report also covers recent developments in the worldwide industry. The market for cosmetic packaging has been rising dramatically in recent years due to a variety of important factors, including rising product demand, a greater client base, and developments in technology. The market is thoroughly examined in this study, along with its size, trends, factors driving and impeding growth, competitive aspects, and potential for expansion. Download Full PDF Sample Copy of Vertical Blender Report @ https://www.verifiedmarketreports.com/download-sample/?rid=233348&utm_source=Openpr&utm_medium=210 Vertical Blender Market business report has been produced with a thorough grasp of the business environment that best fits the client's needs. This market analysis can also help businesses understand sustainability initiatives and financial growth. This report's explanation of market drivers and constraints helps readers understand how many factors might affect how much demand a given product has from consumers. All of the leading companies' and brands' company profiles are included in this market analysis. In-depth research and analysis are used to appropriately elaborate on each area in order to produce an accurate Vertical Blender Market survey report. Who is the largest manufacturers of Vertical Blender Market worldwide? Doyle Equipment Manufacturing AGI EMT Kason Adams Fertilizer Equipment John R Boone Heilig Mixing Technology Kemutec INDPRO Engineering Systems Pvt. Ltd. GIMAT Srl CrustBuster/Speed King Inc. Xiecheng Machinery Vertical Blender Market Segmentation Analysis Segmentation analysis involves dividing the market into distinct groups based on certain criteria such as type and application. This helps in understanding the market dynamics, targeting specific customer groups, and devising tailored marketing strategies. Vertical Blender Market By Type Manual Electric Pneumatic Vertical Blender Market By Applications Food & Beverage Pharmaceutical Others Get Discount On The Purchase Of This Report @ https://www.verifiedmarketreports.com/ask-for-discount/?rid=233348&utm_source=Openpr&utm_medium=210 Detailed TOC of Global Vertical Blender Market Research Report, 2023-2030 1. Introduction of the Vertical Blender Market ►Overview of the Market ►Scope of Report ►Assumptions 2. Executive Summary 3. Research Methodology of Verified Market Reports ►Data Minin ►Validation ►Primary Interview ►List of Data Sources 4. Vertical Blender Market Outlook ►Overview ►Market Dynamics ►Drivers ►Restraints ►Opportunities ►Porters Five Force Model ►Value Chain Analysis 5. Vertical Blender Market, By Product 6. Vertical Blender Market, By Application 7. Vertical Blender Market, By Geography ►North America ►Europe ►Asia Pacific ►Rest of the World 8. Vertical Blender Market Competitive Landscape ►Overview ►Company Market Ranking ►Key Development Strategies 9. Company Profiles 10. Appendix For More Information or Query, Visit @ https://www.verifiedmarketreports.com/product/vertical-blender-market/ Contact us: Mr. Edwyne Fernandes US: +1 (650)-781-4080 US Toll-Free: +1 (800)-782-1768 About Us: Verified Market Reports Verified Market Reports is a leading Global Research and Consulting firm servicing over 5000+ global clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions. Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research. This release was published on openPR.
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Daily Post Nigeria EPL: Lawrenson predicts scoreline of Man City vs Tottenham, Arsenal, Chelsea, other fixtures Home News Politics Metro Entertainment Sport Sport EPL: Lawrenson predicts scoreline of Man City vs Tottenham, Arsenal, Chelsea, other fixtures Published on November 22, 2024 By Don Silas Liverpool legend Mark Merson has predicted the outcome of this weekend’s Premier League matches. Leicester City will welcome Chelsea at the King Power Stadium in an early kick-off on Saturday afternoon. Arsenal will tackle Nottingham Forest at Emirates Stadium on Saturday evening while Premier League champions Manchester City will face Tottenham Hotspur at the Etihad Stadium. Southampton will host Liverpool on Sunday, and Manchester United will battle Ipswich Town in an away fixture. Providing his prediction, Lawrenson told Paddy Power: Leicester 1-2 Chelsea Arsenal 2-0 Nottingham Forest Aston Villa 3-0 Crystal Palace Bournemouth 1-1 Brighton Everton 1-1 Brentford Fulham 2-1 Wolves Manchester City 2-0 Tottenham Southampton 1-3 Liverpool Ipswich 1-2 Manchester United Newcastle 3-0 West Ham Related Topics: arsenal chelsea EPL Lawrenson Man City vs Tottenham Don't Miss CAFWCL: Edo Queens fall to FC Masar in third -place match You may like EPL: Harry Kane names 4 best players, snubs Cristiano Ronaldo, Messi EPL: What I’ll do if Man City is relegated after new contract – Guardiola EPL: Amorim reveals Mourinho’s message to him after taking Man Utd role EPL: He’s unfairly criticized – Rio Ferdinand tells Maresca about Chelsea star EPL: You may not be kind of player Amorim likes – Pereira warns Man United star EPL: Arteta gives Arsenal injury update ahead of Nottingham Forest clash Advertise About Us Contact Us Privacy-Policy Terms Copyright © Daily Post Media Ltd
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