Press ReleaseJuly 27, 2023 Press release_2023H1_Renault Group_27_07 2023 first half resultsRecord profitability & free cash flow 2023 H1: further upside versus guidance upgraded on June 29, 2023: Operating margin Freecash flow 2023 H1 guided on June 29 >7% ~€1.5bn 2023 H1 actual 7.6% €1.8bn FY 2023 initial guidance ≥6% ≥€2bn FY 2023… Continue reading @Renault: Renault Group: 2023 first half results – Record profitability & free cash flow000523
Tag: Strategy
@BMW: BMW and Tomorrowland create a whole new music experience with the help of artificial intelligence.002873
Munich / Boom. The Tomorrowland festival, staged annually in the Belgian town of Boom near Antwerp, is one of the world’s most popular and spectacular live events for fans of electronic dance music. Following on from last year’s successful partnership, the Europe-wide collaboration between BMW and the ultra-cool music festival is now entering… Continue reading @BMW: BMW and Tomorrowland create a whole new music experience with the help of artificial intelligence.002873
XCMG Machinery Forms Strategic Alliances with IBM and SAP to Foster Global Digital and Intelligent Transformation and Drive International Business Growth
XUZHOU, China, July 27, 2023 /PRNewswire/ — XCMG Machinery (“XCMG”, SHE:000425) has officially signed a long-term strategic cooperation agreement with IBM and a memorandum of strategic cooperation with SAP lately to push forward the intelligent and digital transformation of the group to further elevate its competitive advantages in the global market and build a world-class… Continue reading XCMG Machinery Forms Strategic Alliances with IBM and SAP to Foster Global Digital and Intelligent Transformation and Drive International Business Growth
Patrick Industries, Inc. Reports Second Quarter 2023 Financial Results
Second Quarter 2023 Highlights (compared to Second Quarter 2022 unless otherwise noted) Net sales of $921 million decreased 38%, primarily due to a 44% reduction in RV industry wholesale unit shipments Gross profit of $210 million decreased 36%, gross margin increased 60 basis points to 22.8% Operating income of $76 million decreased 57%, operating margin decreased… Continue reading Patrick Industries, Inc. Reports Second Quarter 2023 Financial Results
Norfolk Southern reports second quarter 2023 results
ATLANTA, July 27, 2023 /PRNewswire/ — Norfolk Southern Corporation (NYSE: NSC) announced Thursday its second quarter 2023 financial results. For the quarter, income from railway operations was $576 million, and diluted earnings per share were $1.56. These results include a $416 million charge associated with the ongoing response to the incident in Eastern Ohio. Similar to… Continue reading Norfolk Southern reports second quarter 2023 results
XCMG Machinery Forms Strategic Alliances with IBM and SAP to Foster Global Digital and Intelligent Transformation and Drive International Business Growth
XUZHOU, China, July 27, 2023 /PRNewswire/ — XCMG Machinery (“XCMG”, SHE:000425) has officially signed a long-term strategic cooperation agreement with IBM and a memorandum of strategic cooperation with SAP lately to push forward the intelligent and digital transformation of the group to further elevate its competitive advantages in the global market and build a world-class… Continue reading XCMG Machinery Forms Strategic Alliances with IBM and SAP to Foster Global Digital and Intelligent Transformation and Drive International Business Growth
IDeaS Welcomes More than 200 Hotel Commercial Leaders to its 2023 Converge Client Summit in London
Executives from Microsoft, Starwood Capital Group, and Aimbridge Hospitality Cover Trends Ranging from AI to Revenue Optimization LONDON, July 27, 2023 /PRNewswire/ — IDeaS, the world’s leading provider of hospitality revenue management software and services, held its annual Converge Hospitality Revenue Summit. The sold-out event was attended by more than 200 global hospitality executives and delivered… Continue reading IDeaS Welcomes More than 200 Hotel Commercial Leaders to its 2023 Converge Client Summit in London
Global Hospitality Investment Group Acquires Doubletree Resort Scottsdale Paradise Valley
Hospitality-focused real estate private equity firm to enter high-growth, dynamic Scottsdale hospitality market through premium asset acquisition LOS ANGELES, July 27, 2023 /PRNewswire/ — Global Hospitality Investment Group (“GHIG” or “the firm”), a hospitality-focused real estate private equity firm, today announced that it has acquired the Doubletree Resort Scottsdale Paradise Valley (the “Hotel”), an institutional… Continue reading Global Hospitality Investment Group Acquires Doubletree Resort Scottsdale Paradise Valley
Harley-Davidson Delivers Second Quarter Financial Results
MILWAUKEE, July 27, 2023 /PRNewswire/ — Harley-Davidson, Inc. (“Harley-Davidson,” “HDI,” or the “Company”), (NYSE: HOG) today reported second quarter 2023 results. “Harley-Davidson showed continued progress in delivery of our Hardwire strategy this quarter, despite the macro-economic conditions affecting both the business and our customers. Following the production suspension we experienced late in the quarter impacting motorcycle… Continue reading Harley-Davidson Delivers Second Quarter Financial Results
Arch Resources Reports Second Quarter 2023 Results
Achieves net income of $77.4 million and adjusted EBITDA of $130.4 million Declares a quarterly cash dividend of $75.4 million, or $3.97 per share Invests $73.5 million to repurchase 623,304 shares ST. LOUIS, July 27, 2023 /PRNewswire/ — Arch Resources, Inc. (NYSE: ARCH) today reported net income of $77.4 million, or $4.04 per diluted share,… Continue reading Arch Resources Reports Second Quarter 2023 Results