
HOUSTON--(BUSINESS WIRE)--Dec 17, 2024-- Oil States International, Inc. (NYSE:OIS): During its Third Quarter 2024 Earnings Conference Call held on October 30, 2024, Oil States provided a strategic update announcing several important initiatives including business unit optimization, the exit of certain U.S. domestic underperforming business lines and locations, continued investment in new technologies including Managed Pressure Drilling (MPD) systems, the generation of free cash flow to facilitate growth and the enhancement of stockholder returns via an increased share repurchase authorization. To provide an update on these initiatives, Oil States is pleased to announce that it has completed the sale of a previously idled facility generating net proceeds of $24.8 million. Together with cash on-hand and cash flows generated from its operations, net debt will continue to be reduced. In addition, since implementing its new $50 million share repurchase authorization plan in October 2024, Oil States has repurchased 1.5 million shares of its common stock for consideration totaling $7.9 million. Oil States’ President and Chief Executive Officer, Cindy B. Taylor, stated, “The consolidation of our Houston operations and completion of the sale of our Houston Ship Channel facility combined with the repurchase of our common stock adds momentum to the execution of our long-term strategy and demonstrates our commitment to enhance stockholder value. We will continue to capitalize on offshore and international growth opportunities, invest in differentiated technology offerings and optimize our domestic operations to maximize free cash flow with plans to increase returns for stockholders.” About Oil States Oil States International, Inc. is a global provider of manufactured products and services to customers in the energy, industrial and military sectors. The Company’s manufactured products include highly engineered capital equipment and consumable products. Oil States is headquartered in Houston, Texas, with manufacturing and service facilities strategically located across the globe. Oil States is publicly traded on the New York Stock Exchange under the symbol “OIS”. For more information on the Company, please visit Oil States International’s website at www.oilstatesintl.com . Forward Looking Statements The foregoing contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are those that do not state historical facts and are, therefore, inherently subject to risks and uncertainties. The forward-looking statements included herein are based on current expectations and entail various risks and uncertainties that could cause actual results to differ materially from those forward-looking statements. Such risks and uncertainties include, among others, the level of supply and demand for oil and natural gas, fluctuations in the current and future prices of oil and natural gas, the level of exploration, drilling and completion activity, general global economic conditions, the cyclical nature of the oil and natural gas industry, geopolitical conflicts and tensions, the financial health of our customers, the actions of the Organization of Petroleum Exporting Countries (“OPEC”) and other producing nations with respect to crude oil production levels and pricing, the impact of environmental matters, including executive actions and regulatory efforts to adopt environmental or climate change regulations that may result in increased operating costs or reduced oil and natural gas production or demand globally, consolidation of our customers, our ability to access and the cost of capital in the bank and capital markets, our ability to develop new competitive technologies and products, and other factors discussed in the “Business” and “Risk Factors” sections of the Company’s Annual Report on Form 10-K for the year ended December 31, 2023, and the subsequently filed Quarterly Reports on Form 10-Q and Periodic Reports on Form 8-K. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof, and, except as required by law, the Company undertakes no obligation to update those statements or to publicly announce the results of any revisions to any of those statements to reflect future events or developments. View source version on businesswire.com : https://www.businesswire.com/news/home/20241217112296/en/ CONTACT: Lloyd A. Hajdik Oil States International, Inc. Executive Vice President, Chief Financial Officer and Treasurer (713) 652-0582 KEYWORD: TEXAS UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: OTHER ENERGY DEFENSE OIL/GAS OTHER DEFENSE MILITARY OTHER MANUFACTURING ENERGY MANUFACTURING SOURCE: Oil States International, Inc. Copyright Business Wire 2024. PUB: 12/17/2024 05:30 PM/DISC: 12/17/2024 05:28 PM http://www.businesswire.com/news/home/20241217112296/enDavid Boisture Marks 22 Years of Leadership and Longevity at Dickey's Barbecue Pit
GENEVA (AP) — Netflix has secured the U.S. broadcasting rights to the Women’s World Cup in 2027 and 2031 as the streaming giant continues its push into live sports. The deal announced Friday is the most significant FIFA has signed with a streaming service for a major tournament. The value was not given, though international competitions in women’s soccer have struggled to draw high-value offers. “Bringing this iconic tournament to Netflix isn’t just about streaming matches,” its chief content officer Bela Bajaria said in a statement. “It’s also about celebrating the players, the culture and the passion driving the global rise of women’s sport.” Netflix dipped into live sports last month with more than 60 million households watching a heavily hyped boxing match between retired heavyweight legend Mike Tyson and social media personality Jake Paul. Some viewers reported streaming problems , however. Netflix also will broadcast two NFL games on Christmas Day: the Kansas City Chiefs at the Pittsburgh Steelers and Baltimore Ravens at the Houston Texans. That’s part of a three-year deal announced in May. World Cups are typically broadcast on free-to-air public networks to reach the biggest audiences, and the last women's edition in 2023 earned FIFA less than 10% of the men's 2022 World Cup. FIFA president Gianni Infantino had publicly criticized public broadcasters , especially in Europe, for undervaluing offers to broadcast the 2023 tournament that was played in Australia and New Zealand. That tournament was broadcast by Fox in the U.S. “This agreement sends a strong message about the real value of the FIFA Women’s World Cup and the global women’s game,” Infantino said. The World Cup rights mark another major step in Netflix’s push into live programming. It’s recipe that Netflix has cooked up to help sell more advertising, a top priority for the company since it introduced a low-priced version of its streaming service that includes commercials two years ago. The ad-supported version is now the fastest growing part of Netflix’s service, although most of its 283 million worldwide subscribers till pay for higher-priced options without commercial. But Netflix is still trying to sell more ads to boost its revenue, which is expected to be about $30 billion. Netflix executives have predicted it might take two or three years before its ad sales become a major part of its revenue. Netflix expects to spend about $17 billion on programming this year — a budget that the Los Gatos, California, company once funneled almost entirely into scripted TV series and movies. But Netflix is now allocating a significant chunk of that money to sports and live events, a shift that has made it a formidable competitor to traditional media bidding for the same rights. FIFA will likely use the Netflix deal to drive talks with European broadcasters that likely will be hardball negotiations. Soccer finance expert Kieran Maguire, a co-host of The Price of Football podcast, suggested the deal was “a bit of a gamble" for FIFA and “saber-rattling” by Infantino. “(Netflix) get experience of football broadcasting, FIFA can say, ‘we are now partnering with a blue chip organization, so watch out you nasty Europeans,’” Maguire, an academic at the University of Liverpool, said in a telephone interview. FIFA and Infantino also want to raise the price of broadcast deals to help fund increased prize money and close the gender pay gap on the men’s World Cup. At the men’s 2022 World Cup in Qatar, the 32 team federations shared $440 million in prize money. For the women’s 2023 tournament , FIFA had a $152 million total fund for prize money, contributions to teams’ preparation costs and payments to players’ clubs. In FIFA’s financial accounts for 2023 , the soccer body reported total broadcasting revenue of $244 million. In the year of the men’s 2022 World Cup it was almost $2.9 billion. The next Women's World Cup will be a 32-team, 64-game tournament in 2027, played in Brazil from June 24-July 25. The U.S. originally bid jointly with Mexico. The 2031 host has not been decided, though the U.S. likely will bid for a tournament which FIFA is expected to try to expand to 48 teams. That would match the size of the 104-game format of the men's World Cup that debuts in 2026 in the U.S., Canada and Mexico. Spain won the 2023 Women's World Cup after the U.S. won the two previous titles — in France in 2019 and Canada in 2015. More than 25 million viewers in the U.S. watched the 2015 World Cup final, a 5-2 win over Japan, played in Vancouver, Canada, in a time zone similarly favorable to Brazil. FIFA tried to sign Apple+ to an exclusive global deal to broadcast the inaugural 32-team Club World Cup which is being played in 11 U.S. cities next June and July. Broadcast networks showed little interest in the FIFA club event that will now be broadcast for free on streaming service DAZN, which is building closer business ties to Saudi Arabia. Ahead of the next Women's World Cup, Netflix will "produce exclusive documentary series in the lead-up to both tournaments, spotlighting the world’s top players, their journeys and the global growth of women’s football,” FIFA said. ___ AP Technology Writer Michael Liedtke in San Francisco contributed to this report. ___ AP soccer: https://apnews.com/hub/soccer Graham Dunbar, The Associated PressMaxvolt Energy Showcased The Newly Launched Eco Series Of Batteries For The First Time At EV Expo 2024
Throughout the last three months, 8 analysts have evaluated Jabil JBL , offering a diverse set of opinions from bullish to bearish. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 5 2 1 0 0 Last 30D 0 1 0 0 0 1M Ago 3 0 1 0 0 2M Ago 0 0 0 0 0 3M Ago 2 1 0 0 0 Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $156.0, with a high estimate of $179.00 and a low estimate of $140.00. This upward trend is evident, with the current average reflecting a 11.43% increase from the previous average price target of $140.00. Understanding Analyst Ratings: A Comprehensive Breakdown The analysis of recent analyst actions sheds light on the perception of Jabil by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets. Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target George Wang Barclays Raises Overweight $179.00 $157.00 Matthew Sheerin Stifel Raises Buy $160.00 $150.00 David Vogt UBS Raises Neutral $152.00 $128.00 Mark Delaney Goldman Sachs Raises Buy $160.00 $145.00 Matthew Sheerin Stifel Raises Buy $150.00 $140.00 George Wang Barclays Raises Overweight $157.00 $135.00 Matthew Sheerin Stifel Raises Buy $140.00 $130.00 Ruplu Bhattacharya B of A Securities Raises Buy $150.00 $135.00 Key Insights: Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Jabil. This information offers a snapshot of how analysts perceive the current state of the company. Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Jabil compared to the broader market. Price Targets: Understanding forecasts, analysts offer estimates for Jabil's future value. Examining the current and prior targets provides insight into analysts' changing expectations. For valuable insights into Jabil's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table. Stay up to date on Jabil analyst ratings. Unveiling the Story Behind Jabil Jabil Inc is a United States-based company engaged in providing manufacturing services and solutions. It provides comprehensive electronics design, production and product management services to companies in various industries and end markets.The Company derives its revenue from providing comprehensive electronics design, production and product management services. It operates in two segments. The Electronics Manufacturing Services (EMS) segment, which is the key revenue driver, is focused on leveraging IT, supply chain design and engineering, technologies largely centered on core electronics. The Diversified Manufacturing Services (DMS) segment is focused on providing engineering solutions, with an emphasis on material sciences, technologies, and healthcare. Financial Milestones: Jabil's Journey Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence. Revenue Challenges: Jabil's revenue growth over 3 months faced difficulties. As of 31 August, 2024, the company experienced a decline of approximately -17.66% . This indicates a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector. Net Margin: Jabil's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 1.98% net margin, the company effectively manages costs and achieves strong profitability. Return on Equity (ROE): Jabil's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 6.88%, the company showcases efficient use of equity capital and strong financial health. Return on Assets (ROA): Jabil's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 0.79%, the company showcases efficient use of assets and strong financial health. Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 1.88 , caution is advised due to increased financial risk. The Basics of Analyst Ratings Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks. In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs. Breaking: Wall Street's Next Big Mover Benzinga's #1 analyst just identified a stock poised for explosive growth. This under-the-radar company could surge 200%+ as major market shifts unfold. Click here for urgent details . This article was generated by Benzinga's automated content engine and reviewed by an editor. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Taipei Net-Zero101 Project Achievement Exhibition: Mobii Green Energy Launches the World's First Hydrogen-Powered Mobile Data Center
On Dec. 2, Wichita State University’s National Institute for Aviation Research (NIAR) announced a new strategic partnership with SNC, the global aerospace and national security company. The partnership is part of the U.S. Air Force’s Survivable Airborne Operations Center (SAOC) contract. In support of the SAOC program, one of two 747-8i aircraft recently arrived in Wichita from SNC’s Aviation Innovation and Technology Center (AITC) in Dayton, Ohio. Delivery of the aircraft signifies the next phase of SAOC engineering and manufacturing development since the contract award in April 2024. Under the USAF’s SAOC award, SNC will modernize and deliver a replacement for the current fleet of E-4B “Nightwatch” aircraft, which entered service in 1974. This highly specialized aircraft serves as an airborne command center for the president of the United States, secretary of defense, and chairs of the joint chiefs of staff to ensure continued critical command, control and communication during national emergencies. NIAR’s experience in composites and advanced materials, digital twin, advanced manufacturing technologies such as additive manufacturing, aircraft and component testing, and certification will enhance SNC’s ability to deliver a cutting-edge, innovative solution to the USAF. “SAOC is a critical program that will ensure our nation is adequately prepared to ensure unfaltering communication during a national emergency,” said John Tomblin, WSU executive vice president for WSU Research and Industry and Defense Programs and NIAR executive director. “This is the most significant industry contract in the history of the university.” “The partnership between NIAR and SNC will modernize and replace outdated aircraft that are vital to the operations of the United States Air Force,” said U.S. Sen. Jerry Moran. “I look forward to seeing NIAR’s experience in advanced, cutting-edge technology enhance the design of SNC’s innovative aircraft remodeling as these two companies work to make our country more secure.”
(TNS) — Riley County commissioners on Monday voted to devote more than $20,000 to switching the software used for organizing meeting minutes and documents. The new software the county will switch to in March comes from Civic Plus. The county currently uses MinuteTrag, a product from IQM2/Granicus, but the company decided to discontinue the software after it was bought out. The Civic Plus software comes with live streaming capability as well as the option to post meeting videos to the county's website and Youtube. County information technology director Cory Meyer said Granicus encouraged customers to switch to another product as it begins phasing out MinuteTrag in September. County IT officials tried out demos of other software to see which one best fit the county's needs. "We got in contact with other counties, asked them what they were using," Meyer said. "It's a mix of products out there. There's no clear leader as far as total number of customers, but there was one that was showing more progress, more change and also knew what we were using and wanting to move from. That's Civic Plus. They're a product from Civic Clerk." Meyer said he and senior administrative assistant Cindy Kabriel and public information officer Vivienne Leyva reviewed Civic Plus' product and decided it would work well for the county. "We went through it, saw that it had all the functionality that we currently have and then some," Meyer said. "As with any product, it's new. It's different. Different feel, modern feel. It's all web-based, no more application to be installed, no more headaches with updates which have to be installed." In its first year, Civic Plus will cost the county $20,375, but the price will decrease in subsequent years. The county will use $12,000 from the IT budget originally intended to renew its contract with Granicus. The rest will come from money budgeted to replace MinuteTrag. County IT officials will prepare a training schedule to ease the switch in March. "Civic Plus has agreed that they will be working with us to help us come live in March," Meyer said. "We wouldn't need to do any renewal with Granicus and we would transition." ©