Trimble Inc. (NASDAQ: TRMB) revealed its financial results for the first quarter of 2024 on May 3, 2024. The company's president and CEO, Rob Painter, expressed satisfaction with the performance, stating, "We had a strong start to the year, delivering record annualized recurring revenue of $2.03 billion and record first quarter gross margin. And on April 1, we closed our agriculture joint venture with AGCO."Painter further highlighted the company's strategic moves, saying, "With our new reporting segment and organization structure in place, we have further simplified and...
Adient, the global leader in automotive seating, has announced its second-quarter 2024 financial results, as well as an update to its FY24 outlook. The company shared this information on May 3, 2024.The financial report was accompanied by an invitation to interested parties to access further details and reconciliations of non-GAAP measures on the Adient investor website. Adient's president and chief executive officer, Jerome Dorlack, and executive vice president and chief financial officer, Mark Oswald, are set to host a conference call to discuss the results.Adient,...
UScellular, a leading wireless provider in the United States, released its financial results for the first quarter of 2024 on May 3, 2024. The company reported total operating revenues of $950 million for the quarter, with service revenues totaling $754 million. Net income attributable to UScellular shareholders was $18 million, with related diluted earnings per share at $0.20.In a statement, Laurent C. Therivel, President and CEO of UScellular, highlighted the company's performance, stating, "We delivered strong bottom-line results during the quarter, driven by postpaid...
Doug Peterson, President and Chief Executive Officer of S&P Global, is set to participate in the Barclays Americas Select Franchise Conference on May 7, 2024, in London, UK. The event will take place from 1:30 p.m. to 2:10 p.m. British Summer Time, with a webcast available for those interested in tuning in.The "fireside chat" featuring Peterson may include forward-looking information and will be accessible via webcast. The webcast will be live and available for replay through the Company's Investor Relations website. Those interested can access the webcast replay...
Telephone and Data Systems, Inc. (TDS) recently announced its financial results for the first quarter of 2024. According to a statement by TDS President and CEO, LeRoy T. Carlson, Jr., the company reported total operating revenues of $1,262 million for the first quarter of 2024. This marks a slight decrease from the $1,303 million reported for the same period last year. Despite the slight decrease in revenue, the company showed positive net income growth, with $12 million attributable to TDS common shareholders in the first quarter of 2024 compared to a loss of $(9) million...
A new report released by the Electronic Payments Coalition sheds light on how American consumers, particularly those in lower-income households, utilize credit card rewards and the potential impact of proposed restrictions on these programs. The study found that regardless of income, cardholders across the spectrum take advantage of credit card reward programs at nearly identical rates.Richard Hunt, Executive Chairman of the Electronic Payments Coalition, emphasized the importance of cashback rewards for financially vulnerable households, stating, "Americans of all...
Federal Reserve announced on Wednesday that it would leave its short-term interest rate target unchanged at 5.25 percent to 5.5 percent. The decision was expected as stated by the Federal Reserve that "That the Fed would remain on hold was considered a near certainty in the weeks leading up to the meeting." The broader economic conversation has shifted, with concerns rising about economic growth and inflation not slowing as much as anticipated.The first quarter real GDP growth came in at 1.6 percent SAAR, below expectations. However, as highlighted by the Federal Reserve,...
ICBA President and CEO Rebeca Romero Rainey and ICBA Senior Executive Vice President, Chief of Government Relations and Public Policy Anne Balcer have been recognized as two of Washingtonian magazine’s 500 Most Influential people in the banking and finance sector for their tireless advocacy on behalf of the nation's community banks.Romero Rainey, expressing her gratitude for the recognition, stated, "I feel incredibly privileged to represent the nation's community banks and to raise awareness of their vital contributions to our economy. I share this honor with Anne, and...
DiamondRock Hospitality Company announced their first quarter 2024 results, revealing a 3.8% increase in comparable total revenues above 2023. The company also raised the midpoint of its full-year guidance. The announcement, made on May 2, 2024, highlighted various developments within the organization, including leadership changes aimed at driving continued business momentum.Jeffrey Donnelly, the newly appointed Chief Executive Officer of DiamondRock Hospitality Company, expressed his enthusiasm for the opportunity to work with the Board and the executive team to create...
Saul Centers, Inc., a real estate investment trust, unveiled its financial performance for the first quarter of 2024, showcasing positive growth in various aspects of its operations. The company reported a significant increase in total revenue and net income compared to the same period in 2023.According to the company's announcement, total revenue for the 2024 Quarter surged to $66.7 million from $63.0 million in the 2023 Quarter. Net income also saw a rise, reaching $18.3 million for the 2024 Quarter, up from $17.7 million in the previous year. The net income available...
The American Fintech Council (AFC) has taken a leading role in supporting the South Carolina legislation aimed at creating a safe regulatory structure for Earned Wage Access (EWA). In a letter addressed to The South Carolina House Committee on Labor, Commerce, and Industry, AFC and its members strongly endorsed the bipartisan legislation (S.700) that seeks to regulate the growing financial service product.Phil Goldfeder, Chief Executive Officer of the American Fintech Council, emphasized the industry's commitment to providing safe financial services to underserved...
On May 2, 2024, Americans across the country expressed their concerns about the Durbin-Marshall Credit Card Bill. One individual stated, "Americans across the country are speaking out against harmful credit card routing legislation." The sentiment reflects a widespread unease among citizens regarding the proposed legislation.In response to the bill, another voice in the debate emphasized the importance of technological advancement and national data security standards. The individual asserted, "We believe investing in new technologies and legislating national data security...
NASHVILLE, TN — Soles4Souls, a nonprofit focused on creating sustainable jobs and providing economic relief through the distribution of shoes and clothing, has received a significant boost from Bank of America. The financial institution granted $150,000 to Soles4Souls to expand its 4Opportunity program to the Dominican Republic.Buddy Teaster, President and CEO of Soles4Souls, expressed gratitude for the support, stating, “For more than a decade, we have seen how our 4Opportunity program can change lives around the world.” This initiative aims to empower individuals in...
The 2024 Independents Conference & Expo, set to take place on May 2, will delve into the challenges faced by the industry in terms of capital and financing options. The event aims to shed light on how companies can adapt to the changing financial landscape and make the most of emerging opportunities.One of the key topics to be discussed at the conference is the importance of broadening the pool of capital providers and expanding funding options. As stated by one of the event organizers, "As our industry adapts to the evolving financial and economic landscape while seeking...
EOG Resources, Inc. has announced its first quarter 2024 results, highlighting a strong start to the year with production exceeding targets and lower-than-planned per-unit cash operating costs. Ezra Yacob, Chairman and Chief Executive Officer of EOG, expressed satisfaction with the company's performance, stating, "EOG is off to a great start this year, delivering strong first quarter results."Yacob attributed the consistent strong execution quarter after quarter to the quality and depth of EOG's multi-basin portfolio and the dedication of employees across operating areas....
MECHANICSBURG, Pa., May 2, 2024 /PRNewswire/ -- Select Medical Holdings Corporation ("Select Medical") released its financial results for the first quarter ended March 31, 2024. The company reported significant growth in various key financial metrics. According to the announcement, revenue for the first quarter increased by 7.4%, reaching $1,788.8 million, marking a positive trend compared to the same quarter in the previous year.Income from operations also saw a substantial increase of 28.1%, totaling $194.0 million for the first quarter of 2024. Net income showed a...
MasTec, Inc. announced its first quarter 2024 financial results and updated guidance expectations for the full year, reflecting a positive outlook for the company's performance. The first quarter of 2024 saw a 4% increase in revenue to $2.69 billion, marking a record high for the quarter. Despite a GAAP net loss of $34.5 million, the adjusted net loss and adjusted diluted loss per share showed improvements compared to the previous year.Commenting on the results, Jose Mas, MasTec's Chief Executive Officer, expressed optimism about the company's strategic investments,...
Washington, D.C. (May 1, 2024)— In response to the recent acquisition of a tax-paying bank by a tax-exempt credit union, President and CEO of the Independent Community Bankers of America (ICBA), Rebeca Romero Rainey, emphasized the need for congressional action. Romero Rainey stated, “Tax-exempt credit unions now account for nearly a quarter of this year’s bank acquisitions, with each one expanding the federal tax exemption for more than $2 trillion in credit union assets and displacing a critical and trusted provider of credit in local communities."Romero Rainey pointed...
Chase CEO for Business, Ben Walter, expressed the bank's commitment to small business owners, stating, “We want to be good partners to our business clients and that means listening to them and creating products and services that meet their needs.”Small business owners will now be able to electronically create and send invoices through a new digital invoicing solution offered by Chase. This service aims to help businesses get paid faster and more efficiently. In a recent survey, 86% of small business owners emphasized the importance of sending and receiving invoices...
Bank of America President of International Bernard Mensah is set to take part in the Barclays Americas Select Franchise Conference on May 8 at 1:30 p.m. British Summer Time in London, as announced by Bank of America. The event will also be accessible via a live webcast on the Bank of America Investor Relations website.Describing Bank of America's role in the financial sector, the institution is highlighted as a key player, catering to a wide spectrum of clients, including individual consumers, small and middle-market businesses, and large corporations. The company offers...