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President-elect Donald Trump's repeated support for TikTok has sparked speculation about potential solutions to prevent the app's impending ban in the United States, though the path forward remains unclear. "We got to keep this sucker around for a little while," Trump told supporters on Sunday, just days after meeting with TikTok CEO Shou Zi Chew in Florida. Trump, who credits the wildly popular platform with delivering him a large young user base, opposes banning TikTok partly because he believes it would primarily benefit Meta, the Mark Zuckerberg-led company behind Instagram and Facebook. The situation is complex, according to University of Richmond School of Law professor Carl Tobias, given the various potential solutions and Trump's unpredictable nature. Congress overwhelmingly passed legislation, signed by President Joe Biden in April, that would block TikTok from US app stores and web hosting services unless Beijing-based ByteDance sells its stake by January 19. US officials and lawmakers grew wary of the potential for the Chinese government to influence ByteDance or access the data of TikTok's American users. Even with Trump's decisive election victory and incoming Republican-led Congress, acquiescing to the president-elect's desire and preventing the ban faces significant hurdles. The law enjoyed rare bipartisan support in a divided Washington, making its outright repeal through a vote in Congress politically unlikely even with Trump's influence over Republicans. The Supreme Court may offer the clearest path forward. TikTok has appealed to the nation's highest court, arguing the law violates First Amendment rights to free speech. The court, which is dominated by Trump-aligned conservatives, will hear the case on January 10, just nine days before the ban takes effect. This follows a lower appeals court's unanimous decision to uphold the law in December. Another possibility, according to Tobias, is that a Trump-led Department of Justice could determine ByteDance has addressed the law's national security concerns. However, such a move would likely be seen as caving to China by Congress and others. The final option is ByteDance selling to a non-Chinese buyer, though the company has consistently refused this possibility. With 170 million monthly active users, acquiring TikTok's US operations would require substantial resources. As president, Trump could extend the ban deadline by 90 days to facilitate a transaction. Few potential buyers have emerged, with major tech companies likely deterred by antitrust concerns. Former Trump Treasury secretary Steve Mnuchin, who runs a private equity fund backed by Japan's SoftBank Group and Abu Dhabi's Mubadala sovereign wealth fund, has expressed interest. During a recent event with Trump, SoftBank CEO Masayoshi Son pledged to invest $100 billion in the US economy, though specific investments weren't detailed. Other contenders include US real estate billionaire Frank McCourt, who aims to make social media safer through his Project Liberty organization. Elon Musk, given his proximity to Trump and ownership of X, could also have a role to play, as he has expressed plans to transform the text-focused platform into something more like TikTok. A senior Republican lawmaker recently suggested Trump might orchestrate a "deal of the century" satisfying both US concerns and ByteDance's interests. The chairman of the US House committee on China, John Moolenaar, told Fox News Digital that once ByteDance accepts it must comply with US law, the situation could progress rapidly. Any agreement would need Beijing's approval, with US-China relations expected to remain tense during Trump's upcoming term. This isn't the first attempt to resolve TikTok's US status. In 2020, Trump also threatened a ban unless ByteDance sold its US operations. While Oracle and Walmart reached a preliminary agreement with ByteDance for ownership stakes, legal challenges and the transition to the Biden administration prevented the deal's completion. arp/mlmNew pro-European coalition approved in Romania amid period of political turmoil
THE POWER OF ALLO'S ALL-FIBER NETWORK COMING TO BOULDER, COLORADO
Two key end-of-the-year payments worth up to $5,840 won’t arrive on-time – exact dates to expect the automatic depositNew pro-European coalition approved in Romania amid period of political turmoil
Babcock & Wilcox Announces Leadership AppointmentsLast Chance to Save $100 Off the New Asus ROG Ally X Gaming Handheld PCBy Abdulrahman Shaheen and Abby Sewell | Associated Press DAMASCUS, Syria — Syrians poured into streets echoing with celebratory gunfire on Sunday after a stunning rebel advance reached the capital, ending the Assad family’s 50 years of iron rule but raising questions about the future of the country and the wider region. Joyful crowds gathered in squares in Damascus, waving the Syrian revolutionary flag in scenes that recalled the early days of the Arab Spring uprising, before a brutal crackdown and the rise of an insurgency plunged the country into a nearly 14-year civil war. Others gleefully ransacked the presidential palace and residence after President Bashar Assad and other top officials vanished, their whereabouts unknown. Russia, a close ally, said Assad left the country after negotiations with rebel groups and had given instructions to transfer power peacefully. Abu Mohammed al-Golani , a former al-Qaida commander who cut ties with the group years ago and says he embraces pluralism and religious tolerance, leads the biggest rebel faction and is poised to chart the country’s future. In his first public appearance since fighters entered the Damascus suburbs Saturday, al-Golani visited the sprawling Umayyad Mosque and called Assad’s fall “a victory to the Islamic nation.” Calling himself by his given name, Ahmad al-Sharaa, and not his nom de guerre, he told hundreds of people that Assad had made Syria “a farm for Iran’s greed.” The rebels face the daunting task of healing bitter divisions in a country ravaged by war and still split among armed factions. Turkey-backed opposition fighters are battling U.S.-allied Kurdish forces in the north, and the Islamic State group is still active in some remote areas. Syrian state television broadcast a rebel statement early Sunday saying Assad had been overthrown and all prisoners had been released. They called on people to preserve the institutions of “the free Syrian state.” The rebels later announced a curfew in Damascus from 4 p.m. to 5 a.m. The rebels said they freed people held at the notorious Saydnaya prison, where rights groups say thousands were tortured and killed . A video circulating online purported to show rebels breaking open cell doors and freeing dozens of female prisoners, many of whom appeared shocked. At least one small child was seen among them. “This happiness will not be completed until I can see my son out of prison and know where is he,” said one relative, Bassam Masr. “I have been searching for him for two hours. He has been detained for 13 years.” Rebel commander Anas Salkhadi later appeared on state TV and sought to reassure Syria’s religious and ethnic minorities, saying: “Syria is for everyone, no exceptions. Syria is for Druze, Sunnis, Alawites, and all sects.” “We will not deal with people the way the Assad family did,” he added. Damascus residents prayed in mosques and celebrated in squares, calling, “God is great.” People chanted anti-Assad slogans and honked car horns. Teenage boys picked up weapons apparently discarded by security forces and fired into the air. Revelers filled Umayyad Square, where the Defense Ministry is located. Some waved the three-starred Syrian flag that predates the Assad government and was adopted by the revolutionaries. Elsewhere, many parts of the capital were empty and shops were closed. Soldiers and police left their posts and fled, and looters broke into the Defense Ministry. Videos showed families wandering the presidential palace, some carrying stacks of plates and other household items. “It’s like a dream. I need someone to wake me up,” said opposition fighter Abu Laith, adding the rebels were welcomed in Damascus with “love.” At the Justice Ministry, where rebels stood guard, Judge Khitam Haddad said they were protecting documents from the chaos. Outside, some residents sought information about relatives who disappeared under Assad. The rebels “have felt the pain of the people,” said one woman, giving only her first name, Heba. She worried about possible revenge killings by the rebels, many of whom appeared to be underage. Syria’s al-Watan newspaper, which was historically pro-government, wrote: “We are facing a new page for Syria. We thank God for not shedding more blood.” It added that media workers should not be blamed for publishing past government statements, saying it “only carried out the instructions.” A statement from the Alawite sect that has formed the core of Assad’s base called on young Syrians to be “calm, rational and prudent and not to be dragged into what tears apart the unity of our country.” The rebels mainly come from the Sunni Muslim majority in Syria, which also has sizable Druze, Christian and Kurdish communities. In Qamishli in the northeast, a Kurdish man slapped a statue of the late leader Hafez Assad with his shoe. Syrian Prime Minister Mohammed Ghazi Jalali said the government was ready to “extend its hand” to the opposition and turn its functions over to a transitional government. A video shared on Syrian opposition media showed armed men escorting him from his office and to the Four Seasons hotel on Sunday. Rami Abdurrahman of the Syrian Observatory for Human Rights told The Associated Press that Assad, 59, took a flight early Sunday from Damascus. A senior diplomat from the United Arab Emirates, which had sought to rehabilitate Assad’s image and has welcomed high-profile exiles in recent years, declined to comment on his whereabouts. Anwar Gargash said Assad’s destination at this point is a “footnote in history,” comparing it to the long exile of German Kaiser Wilhelm II after World War I. The rebel advances since Nov. 27 were the largest in recent years, and saw the cities of Aleppo, Hama and Homs fall within days as the Syrian army melted away. Russia, Iran and Lebanon’s Hezbollah militant group, which provided crucial support to Assad throughout the uprising, abandoned him as they reeled from other conflicts. The end of Assad’s rule was a major blow to Iran and its allies, already weakened by conflict with Israel . Iran, which had strongly backed him throughout the civil war, said Syrians should decide their future “without destructive, coercive, foreign intervention.” The Iranian Embassy in Damascus was ransacked after apparently having been abandoned. Prime Minister Benjamin Netanyahu meanwhile said Israeli troops had temporarily seized a buffer zone in the Golan Heights established in 1974, saying it was to protect Israeli residents after Syrian troops abandoned positions. Israel’s military later warned residents of five southern Syria communities to stay home for their safety, and didn’t respond to questions. Israel captured the Golan in the 1967 Mideast war and later annexed it. The international community, except for the United States, views it as occupied. The rebels are led by the Hayat Tahrir al-Sham group, or HTS , which has its origins in al-Qaida and is considered a terrorist organization by the United States and the United Nations. Al-Golani, has sought to recast the group as a moderate and tolerant force. “Golani has made history and sparked hope among millions of Syrians,” said Dareen Khalifa, a senior adviser with the International Crisis Group. “But he and the rebels now face a formidable challenge ahead.” The U.N.’s special envoy for Syria, Geir Pedersen, called Saturday for urgent talks in Geneva to ensure an “orderly political transition.” The Gulf nation of Qatar, a key regional mediator, hosted an emergency meeting of foreign ministers and top officials from eight countries with interests in Syria late Saturday. They included Iran, Saudi Arabia, Russia and Turkey. Majed al-Ansari, Qatar’s Foreign Ministry spokesman, said they agreed on the need “to engage all parties on the ground,” including the HTS, and that the main concern is “stability and safe transition.” Sewell reported from Beirut. Associated Press writers Bassem Mroue, Sarah El Deeb and Kareem Chehayeb in Beirut; Samar Kassaballi, Omar Sanadiki and Ghaith Alsayed in Damascus; Jon Gambrell in Manama, Bahrain; Josef Federman in Doha, Qatar; and Tia Goldenberg in Jerusalem, contributed.
New Jersey fines firms $40K for sports betting violationsTrigger-happy or justified? How a cop ended 95yo's life
Trump says he can't guarantee tariffs won't raise US prices and won't rule out revenge prosecutionsTHE POWER OF ALLO'S ALL-FIBER NETWORK COMING TO BOULDER, COLORADO
The Philadelphia Eagles closed in on a play-off berth with a 22-16 win over the Carolina Panthers at Lincoln Financial Field. Quarterback Jalen Hurts bundled over from a yard to set the Eagles on their way and a touchdown late in the second quarter from Devonta Smith saw NFC East leaders Philadelphia in front 14-10, only for Chuba Hubbard to drive in from a yard out and edge the visitors ahead again. Hopes of an upset, though, were dashed when tight end Grant Calcaterra took a four-yard pass and Saquon Barkley’s conversion saw the Eagles maintain their position as the number two team in the NFC, behind the Detroit Lions. The Pittsburgh Steelers ran out 27-14 winners over AFC North rivals the Cleveland Browns. The Steelers took a 13-7 half-time lead following a Najee Harris touchdown and two Chris Boswell field goals, and further touchdowns from Van Jefferson and Pat Freiermuth made the game safe despite David Njoku’s brilliant touchdown catch. The Minnesota Vikings improved their record to 11-2 with a sixth straight win, 42-21 over the Atlanta Falcons. Jordan Addison caught three touchdowns and Justin Jefferson two, the latter ending a two-month drought, before Aaron Jones ran in to put the result beyond doubt. Quarterback Sam Darnold threw for a career-high 347 yards. The Tampa Bay Buccaneers took the outright lead of the NFC South with a 28-13 win over the Las Vegas Raiders at Raymond James Stadium, where Baker Mayfield threw for 295 yards and three touchdowns. Jalen McMillan and Rachaad White scored twice each while Raiders QB Aidan O’Connell ran in a one-yard score but was later forced off injured and replaced by third-stringer Desmond Ridder. The Miami Dolphins kept their outside play-off hopes alive after battling to a 32-26 win over the New York Jets after overtime at Hard Rock Stadium. An early touchdown from De’Von Achane and three field goals from Jason Sanders – one from 57 yards – had the Dolphins ahead 15-13 at half-time. Davante Adams responded as the Jets looked to end an eight-game losing streak but Tyreek Hill’s score helped extend the game into overtime, when Tua Tagovailoa picked out Jonnu Smith to seal a dramatic victory. The New Orleans Saints ground out a 14-11 win over the New York Giants while the Jacksonville Jaguars edged AFC South rivals the Tennessee Titans 10-6 in Nashville to snap a five-match losing streak.Phelekezela Mphoko aka Report Ndlovu: A pioneer freedom fighter
"Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum." Section 1.10.32 of "de Finibus Bonorum et Malorum", written by Cicero in 45 BC "Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo. Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos qui ratione voluptatem sequi nesciunt. Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit, sed quia non numquam eius modi tempora incidunt ut labore et dolore magnam aliquam quaerat voluptatem. Ut enim ad minima veniam, quis nostrum exercitationem ullam corporis suscipit laboriosam, nisi ut aliquid ex ea commodi consequatur? Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem eum fugiat quo voluptas nulla pariatur?" 1914 translation by H. Rackham "But I must explain to you how all this mistaken idea of denouncing pleasure and praising pain was born and I will give you a complete account of the system, and expound the actual teachings of the great explorer of the truth, the master-builder of human happiness. No one rejects, dislikes, or avoids pleasure itself, because it is pleasure, but because those who do not know how to pursue pleasure rationally encounter consequences that are extremely painful. Nor again is there anyone who loves or pursues or desires to obtain pain of itself, because it is pain, but because occasionally circumstances occur in which toil and pain can procure him some great pleasure. To take a trivial example, which of us ever undertakes laborious physical exercise, except to obtain some advantage from it? But who has any right to find fault with a man who chooses to enjoy a pleasure that has no annoying consequences, or one who avoids a pain that produces no resultant pleasure?" 1914 translation by H. Rackham "But I must explain to you how all this mistaken idea of denouncing pleasure and praising pain was born and I will give you a complete account of the system, and expound the actual teachings of the great explorer of the truth, the master-builder of human happiness. No one rejects, dislikes, or avoids pleasure itself, because it is pleasure, but because those who do not know how to pursue pleasure rationally encounter consequences that are extremely painful. Nor again is there anyone who loves or pursues or desires to obtain pain of itself, because it is pain, but because occasionally circumstances occur in which toil and pain can procure him some great pleasure. To take a trivial example, which of us ever undertakes laborious physical exercise, except to obtain some advantage from it? But who has any right to find fault with a man who chooses to enjoy a pleasure that has no annoying consequences, or one who avoids a pain that produces no resultant pleasure?" To keep reading, please log in to your account, create a free account, or simply fill out the form below.
Napoli concede Serie A lead to Atalanta after Lazio defeatBefore Elyria Catholic’s 45-33 win against Lake Catholic on Dec. 20, the last time Lexi Rodriguez stepped foot on a basketball court was on Jan. 31. Elyria Catholic, Lake Catholic split girls and boys basketball NCC doubleheader on Coach Bob Guinta Night /*! This file is auto-generated */!function(d,l){"use strict";l.querySelector&&d.addEventListener&&"undefined"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!/[^a-zA-Z0-9]/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret="'+t.secret+'"]'),o=l.querySelectorAll('blockquote[data-secret="'+t.secret+'"]'),c=new RegExp("^https?:$","i"),i=0;i
SAND SPRINGS, Okla. , Dec. 2, 2024 /PRNewswire/ -- Webco Industries, Inc. (OTC: WEBC) today reported results for our first quarter of fiscal year 2025, which ended October 31, 2024 . For our first quarter of fiscal year 2025, we had a net loss of $0.1 million , or a loss of $0.13 per diluted share, while in our first quarter of fiscal year 2024, we had net income of $5.1 million , or $6.25 per diluted share. Net sales for the first quarter of fiscal 2025 were $141.4 million , a 10.4 percent decrease from the $157.8 million of sales in the first quarter of fiscal year 2024. Dana S. Weber , Chief Executive Officer and Board Chair, stated, "The domestic manufacturing economy has been worsening over the past year. Further, we have certain markets that are being adversely impacted by foreign imports. We continue to focus on positioning Webco for various economic environments and opportunities by maintaining a strong balance sheet and good liquidity and making compelling investments in our business. Our total cash, short-term investments and available credit on our revolver were $89.0 million at October 31, 2024 , which we believe to be a competitive advantage." In the first quarter of fiscal year 2025, we had income from operations of $1.1 million after depreciation of $4.7 million . The first fiscal quarter of the prior year generated income from operations of $8.0 million after depreciation of $3.7 million . Gross profit for the first quarter of fiscal 2025 was $13.6 million , or 9.7 percent of net sales, compared to $21.6 million , or 13.7 percent of net sales, for the first quarter of fiscal year 2024. Selling, general and administrative expenses were $12.6 million in the first quarter of fiscal 2025 and $13.6 million in the first quarter of fiscal 2024. SG&A expenses in the first quarter of fiscal year 2025 reflect a decrease in costs related to lower profitability, such as company-wide incentive compensation and variable pay programs, offset by inflation we have experienced in wages and other expenses. Interest expense was $1.2 million in the first quarter of fiscal year 2025 and $1.3 million in the same quarter of fiscal year 2024. Average construction-based investments decreased in fiscal year 2025 and, as a result, capitalized interest decreased $0.2 million when compared to the first quarter of fiscal year 2024. Capitalized interest decreases net interest expense in the consolidated statement of operations. Notwithstanding capitalized interest, the impact of increased interest rates was more than offset by lower average debt balances. Capital expenditures incurred amounted to $5.1 million in the first quarter of fiscal year 2025, down from $10.1 in the first quarter of fiscal year 2024. Included in our capital spending for the first quarter of fiscal year 2024 was construction of our F. William Weber Leadership Campus, which houses our Tech Center and corporate headquarters. The Tech Center, which is the tip of the spear that leads Webco's trusted and technical brand throughout our industry, was completed in the fourth quarter of fiscal year 2024. As of October 31, 2024 , we had $18.6 million in cash and short-term investments, in addition to $70.4 million of available borrowing under our $220 million senior revolving credit facility. Availability on the revolver, which had $44.0 million drawn at October 31, 2024 , was subject to advance rates on eligible accounts receivable and inventories. Our term loan and revolver mature in September 2027. Accounting rules require asset-based debt agreements like our revolver to be classified as a current liability, despite its fiscal year 2028 maturity. Webco's stock repurchase program authorizes the purchase of our outstanding common stock in private or open market transactions. In September 2023 , the Company's Board of Directors refreshed the repurchase program with a new limit of up to $40 million and extended the program's expiration until July 31 , 2026. We purchased 2,850 shares of our stock during the first quarter of fiscal year 2025. Including the current fiscal year, Webco has purchased approximately 158,000 shares over the course of the last five fiscal years. The repurchase plan may be extended, suspended or discontinued at any time, without notice, at the Board's discretion. Webco's mission is to continuously build on our strengths as we create a vibrant company for the ages. We leverage our core values of trust and teamwork, continuously building strength, agility and innovation. We focus on practices that support our brand such that we are 100% engaged every day to build a forever kind of company for our Trusted Teammates, customers, business partners, investors and community. We provide high-quality carbon steel, stainless steel and other metal specialty tubing products designed to industry and customer specifications. We have five tube production facilities in Oklahoma and Pennsylvania and eight value-added facilities in Oklahoma , Illinois , Michigan , Pennsylvania and Texas , serving customers globally. Our F. William Weber Leadership Campus is in Sand Springs, Oklahoma and houses our corporate offices and our Webco TechCenterTM, providing a state-of-the-art laboratory and R & D facility to lead and develop technical solutions. Risk Factors and Forward-looking statements: Certain statements in this release, including, but not limited to, those preceded by or predicated upon the words "anticipates," "appears," "believes," "estimates," "expects," "forever," "hopes," "intends," "plans," "projects," "pursue," "should," "will," "wishes," or similar words may constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of the Company, or industry results, to differ materially from any future results, performance or achievements expressed or implied herein. Such risks, uncertainties and factors include the factors discussed above and, among others: general economic and business conditions, including any global economic downturn; government policy or low hydrocarbon prices that stifle domestic investment in energy; competition from foreign imports, including any impacts associated with dumping or the strength of the U.S. dollar; political or social environments that are unfriendly to industrial or energy-related businesses; changes in manufacturing technology; the banking environment, including availability of adequate financing; worldwide and domestic monetary policy; changes in tax rates and regulation; regulatory and permitting requirements, including, but not limited to, environmental, workforce, healthcare, safety and national security; availability and cost of adequate qualified and competent personnel; changes in import / export tariff or restrictions; volatility in raw material cost and availability for the Company, its customers and vendors; the cost and availability, including time for delivery, of parts and services necessary to maintain equipment essential to the Company's manufacturing activities; the cost and availability of manufacturing supplies, including process gases; volatility in oil, natural gas and power cost and availability; world-wide or national transition from hydrocarbon sources of energy that adversely impact demand for our products; problems associated with product development efforts; significant shifts in product demand away from internal combustion engine automobiles; appraised values of inventories that can impact available borrowing under the Company's credit facility; declaration of material adverse change by a lender; industry capacity; domestic competition; loss of, or reductions in, purchases by significant customers and customer work stoppages; work stoppages by critical suppliers; labor unrest; conditions, including acts of God, that require more costly transportation of raw materials; accidents, equipment failures and insured or uninsured casualties; third-party product liability claims; flood, tornado, winter storms and other natural disasters; customer or supplier bankruptcy; customer or supplier declarations of force majeure; customer or supplier breach of contract; insurance cost and availability; lack of insurance coverage for floods; the cost associated with providing healthcare benefits to employees; customer claims; supplier quality or delivery problems; technical and data processing capabilities; cyberattack on our information technology infrastructure; world, domestic or regional health crises; vaccine mandates or related governmental policy that would cause significant portions of our workforce, or that of our customers or vendors, to leave their current employment; global or regional wars and conflicts; our inability or unwillingness to comply with rules required to maintain the quotation of our shares on any market place; and our inability to repurchase the Company's stock. The Company assumes no obligation to publicly update any such forward-looking statements. No assurance is provided that current results are indicative of those that will be realized in the future. - TABLES FOLLOW - WEBCO INDUSTRIES, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (Dollars in thousands, except per share data - Unaudited) Three Months Ended October 31, 2024 2023 Net sales $ 141,386 $ 157,837 Cost of sales 127,740 136,231 Gross profit 13,646 21,606 Selling, general & administrative expenses 12,564 13,629 Income (loss) from operations 1,082 7,977 Interest expense 1,151 1,293 Pretax income (loss) (69) 6,684 Provision for (benefit from) income taxes 37 1,600 Net income (loss) $ (106) $ 5,084 Net income (loss) per share: Basic $ (0.13) $ 6.43 Diluted $ (0.13) $ 6.25 Weighted average common shares outstanding: Basic 798,000 790,000 Diluted 798,000 814,000 CASH FLOW DATA (Dollars in thousands - Unaudited) Three Months Ended October 31, 2024 2023 Net cash provided by (used in) operating activities $ 13,851 $ 18,050 Depreciation and amortization $ 4,694 $ 3,696 Cash paid for capital expenditures $ 5,551 $ 12,588 Notes: Amounts may not sum due to rounding. WEBCO INDUSTRIES, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (Dollars in thousands - Unaudited) October 31, July 31, 2024 2024 Current assets: Cash $ 2,485 $ 1,171 U.S. Treasury Bonds 16,103 15,903 Accounts receivable 58,668 70,249 Inventories, net 174,673 169,513 Prepaid expenses 9,303 9,530 Total current assets 261,233 266,366 Property, plant and equipment, net 168,748 168,186 Right of use, finance leases, net 954 1,043 Right of use, operating leases, net 21,891 21,879 Other long-term assets 15,696 15,611 Total assets $ 468,522 $ 473,085 Current liabilities: Accounts payable $ 30,230 $ 28,109 Accrued liabilities 32,706 33,066 Current portion of long-term debt, net 43,799 49,115 Current portion of finance lease liabilities 427 429 Current portion of operating lease liabilities 5,178 5,063 Total current liabilities 112,340 115,782 Long-term debt, net of current portion 20,000 20,000 Finance lease liabilities, net of current portion 574 657 Operating lease liabilities, net of current portion 16,577 16,653 Deferred tax liability 39 886 Stockholders' equity: Common stock 9 9 Additional paid-in capital 54,545 54,256 Retained earnings 264,437 264,842 Total stockholders' equity 318,991 319,107 Total liabilities and stockholders' equity $ 468,522 $ 473,085 Notes: Amounts may not sum due to rounding. CONTACT: Mike Howard Chief Financial Officer (918) 241-1094 mhoward@webcotube.com View original content: https://www.prnewswire.com/news-releases/webco-industries-inc-reports-fiscal-2025-first-quarter-results-302320142.html SOURCE Webco Industries, Inc.
Rates of infection for respiratory viruses are currently low in the U.S. but are starting to rise, according to the Centers for Disease Control and Prevention. Flu, COVID-19 and RSV spread more in fall and winter, especially during gatherings, travel and time spent indoors. Dr. Robert Jacobson, medical director of Mayo Clinic's Primary Care Immunization Program, says there are tools to help reduce the risk of becoming severely ill from these respiratory infections. "We're all at risk for getting the flu, and we can actually get (it) more than once a year. Every year, about 10% to 20% of us get the flu," Jacobson says. Along with the flu, COVID-19 and RSV are among the most common respiratory illnesses. These viruses share similar symptoms, risks and prevention strategies. Jacobson's No. 1 tip: Get vaccinated. "This is specific protection your body can make to protect you and your loved ones," he says. Experts recommend washing your hands with soap and water for at least 20 seconds several times a day. Adobe Stock Along with vaccination, Jacobson stresses the importance of hand-washing. Wash your hands with soap and water to help prevent the spread of germs. "Especially before you eat, when you come home from work, when you come home from bringing your child from day care — both of you should go to the sink — wash your hands with soap and water after using a bathroom, before serving other people food, after being with a group of people, shaking hands with people, wash your hands," he says. Listen now and subscribe: Apple Podcasts | Spotify | Stitcher | RSS Feed | SoundStack | All Of Our Podcasts Wash your hands well and often with soap and water for at least 20 seconds. If soap and water aren't available, use an alcohol-based hand sanitizer with at least 60% alcohol. Make sure friends and family whom you're around regularly, especially kids, know the importance of hand-washing. Tactics to avoid respiratory infections: 1. Avoid touching your face: Keeping your hands away from your eyes, nose and mouth helps keep germs away from those places. 2. Cover your coughs and sneezes: Cough or sneeze into a tissue or your elbow. Then wash your hands. 3. Clean surfaces: Regularly clean often-touched surfaces to prevent the spread of infection from touching a surface with the virus on it and then your face. 4. Avoid crowds: The flu spreads easily wherever people gather — in child care centers, schools, office buildings, auditoriums and on public transportation. By avoiding crowds during peak flu season, you lower your chances of infection. And if you get sick, stay home to avoid spreading infection to others.
Macquarie Asset Management launches Outlook 2025