Acquisition Highlights: Luxury 210-key resort in North Scottsdale nestled in the foothills of the Sonoran Desert near Pinnacle Peak The Company will purchase the asset using $267.8 million of cash on hand Revenue per available room (RevPAR) of $407 forecasted for 2022 year-end Numerous world-class amenities including spa treatments, a bi-level pool and authentic Southwest… Continue reading BRAEMAR HOTELS & RESORTS ANNOUNCES AGREEMENT TO ACQUIRE FOUR SEASONS RESORT SCOTTSDALE AT TROON NORTH
Tag: Strategy
Garmin G3000 integrated flight deck selected by L3Harris for USSOCOM Armed Overwatch contract
OLATHE, Kan., Nov. 1, 2022 /PRNewswire/ — Garmin International, Inc., a unit of Garmin Ltd. (NYSE: GRMN), today announced L3Harris Technologies’ (NYSE: LHX) selection of Garmin’s G3000™ tandem integrated flight deck as part of a U.S. Special Operations Command (USSOCOM) Armed Overwatch program contract. L3Harris’ Sky Warden™ platform includes the first forward-fit deployable combat aircraft featuring Garmin’s G3000… Continue reading Garmin G3000 integrated flight deck selected by L3Harris for USSOCOM Armed Overwatch contract
Lithia & Driveway (LAD) Increases Share Repurchase Authorization by $450 Million
MEDFORD, Ore., Nov. 1, 2022 /PRNewswire/ — Lithia & Driveway (NYSE:LAD) announced today an increase of $450 million to its share repurchase authorization by its Board of Directors, bringing total funds available for future repurchases to approximately $500 million. “This announcement reflects our continued confidence in our long-term growth strategy and ability to consolidate the largest retail industry… Continue reading Lithia & Driveway (LAD) Increases Share Repurchase Authorization by $450 Million
AMETEK Announces Record Third Quarter Results and Raises 2022 Guidance
BERWYN, Pa., Nov. 1, 2022 /PRNewswire/ — AMETEK, Inc. (NYSE: AME) today announced its financial results for the third quarter ended September 30, 2022. AMETEK’s third quarter 2022 sales were a record $1.55 billion, an 8% increase over the third quarter of 2021, with organic sales growth of 11%. Operating income increased 14% to a… Continue reading AMETEK Announces Record Third Quarter Results and Raises 2022 Guidance
AMETEK Announces Two Acquisitions
— Navitar Expands AMETEK’s High End Precision Optics Capabilities — — RTDS Technologies Broadens AMETEK’s Power Test and Measurement Capabilities — BERWYN, Pa., Nov. 1, 2022 /PRNewswire/ — AMETEK, Inc. (NYSE: AME) today announced that it has completed two acquisitions – Navitar, Inc. and RTDS Technologies Inc. Combined, AMETEK deployed approximately $430 million on these… Continue reading AMETEK Announces Two Acquisitions
Greenbrier Issues 2022 ESG Report
Sets a Scope 2 greenhouse gas reduction goal Reporting frameworks include SASB, TCFD and SDGs LAKE OSWEGO, Ore., Nov. 1, 2022 /PRNewswire/ — The Greenbrier Companies, Inc. (NYSE:GBX) released its 2022 Environmental, Social and Governance (ESG) report, On Track Together, today. The report summarizes the Company’s global sustainability initiatives and performance from the 2022 fiscal year.… Continue reading Greenbrier Issues 2022 ESG Report
ST Engineering iDirect’s Leading Evolution® Platform Selected by Multiple Asian MoDs
Trusted platform supports multiple mission-critical applications for Asian MoDs HERNDON, Va., Nov. 1, 2022 /PRNewswire/ — Global satellite communications leader, ST Engineering iDirect’s Evolution® platform is a key technology for Asian defense forces. Utilized for the provision of both fixed and mobile satcom solutions across a variety of mission-critical applications, Evolution is a resilient and… Continue reading ST Engineering iDirect’s Leading Evolution® Platform Selected by Multiple Asian MoDs
Sectra’s highlights at RSNA 2022–tackle growing volumes and complexity in radiology workloads
LINKÖPING, Sweden, Nov. 1, 2022 /PRNewswire/ — At the Radiological Society of North America’s 2022 annual meeting (RSNA), international medical imaging and cybersecurity company Sectra will showcase solutions that help radiologists tackle workload challenges. At booth #8115, visitors can experience Sectra’s complete enterprise imaging offering and the latest innovations to continuously improve workflow efficiency in radiology and… Continue reading Sectra’s highlights at RSNA 2022–tackle growing volumes and complexity in radiology workloads
ArcBest Announces Solid Third Quarter 2022 Results
Delivers Double-Digit Percentage Revenue Growth In Each Operating Segment; On Track To Deliver Record Annual Revenues in 2022 Third quarter 2022 revenue of $1.4 billion increased 33.0 percent over third quarter 2021. Net income improved to $88.8 million, or $3.50 per diluted share. On a non-GAAP basis, third quarter 2022 net income was $96.4 million,… Continue reading ArcBest Announces Solid Third Quarter 2022 Results
Greenbrier Issues 2022 ESG Report
Sets a Scope 2 greenhouse gas reduction goal Reporting frameworks include SASB, TCFD and SDGs LAKE OSWEGO, Ore., Nov. 1, 2022 /PRNewswire/ — The Greenbrier Companies, Inc. (NYSE:GBX) released its 2022 Environmental, Social and Governance (ESG) report, On Track Together, today. The report summarizes the Company’s global sustainability initiatives and performance from the 2022 fiscal year.… Continue reading Greenbrier Issues 2022 ESG Report