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Fleet Expansion and Modernization: Saudia Introduces Major Upgrades and Strategic Partnerships to Support Vision 2030 and Enhance Travel ExperienceAgartala: Veteran communist leader and former chief minister of Tripura, Manik Sarkar , on Saturday accused the ruling BJP and its ally TIPRA Motha of fostering communal divisions along religious and ethnic lines. While BJP aims to create divisions between Hindus and Muslims, TIPRA Motha seeks to divide castes and tribes, he said. Addressing party workers, he said the 25 years of Left Front rule had brought religious harmony and ethnic peace after overcoming numerous challenges with the people's support. Instead of strengthening social order and peace, BJP has, from the beginning, promoted communal hatred and religious division, Sarkar said. "The state, which never faced communal conflicts between Hindus and Muslims, has witnessed a series of such incidents in the six years of BJP rule. The saffron brigades have interfered with food habits, dress, social functions, and customs, which is unfit for a secular democratic country," Sarkar added. He said during the first four years of BJP governance, Tripura experienced a difficult phase where common citizens, opposition party supporters, MLAs, and even former ministers faced physical assaults and attacks. The fundamental rights and personal liberties of citizens were in danger. Although the situation has improved, governance has deteriorated daily, and corruption has become rampant, he said. "People are being deprived of their basic rights and amenities while ministers enjoy cultural shows at public expense. There is no work and no income in rural areas. Health services and education are suffering badly," he added. Sarkar criticised the BJP govt, calling it a "den of corruption" where no work is done without bribes. "The BJP is in power at the Centre and in the state, but there is no work, no jobs. They are conspiring to destroy peace and harmony. They cannot be allowed to succeed," he added. In a counterattack, govt spokesperson and tourism minister Sushanta Chowdhury said, during Sarkar's tenure, the tourism sector had been grossly neglected under the 20-year CPI(M) rule. "The tourism dept was practically defunct. Instead of promoting Tripura's potential, your govt prioritised ideological propaganda, featuring comrade artists singing leftist songs at political meetings. Fear of extremist violence during your tenure kept tourists away from destinations like Jampui, and Dumbur, Chowdhury added.
Zachary Levi says his support for President-elect Donald Trump hasn’t resulted in “career suicide” after all. Appearing on Bill Maher’s “Club Random” podcast this week, the “Shazam!” actor shrugged off the implication that he’d been “canceled” by Hollywood for his endorsement of Trump in the 2024 election. “I hope I haven’t been canceled yet,” Levi said. “I mean, if it happens, it happens.” “I already had multiple jobs that I was in the process of shooting or that I have yet to shoot, and none of those have been compromised,” he added. When Maher pressed for clarification, Levi added, “None of my producers or any of the studios behind those films or projects have called and said, ‘Hey listen, this is a line too far, and we can’t have you associated with the project anymore.’ We’re all still full steam ahead on those.” Though Levi initially supported former presidential candidate Robert F. Kennedy Jr., he formally endorsed Trump in September. At the time, he acknowledged that his stance could “very well could constitute career suicide” given the “very liberal” views of many Hollywood heavyweights. Just weeks later, the actor found himself on the receiving end of backlash from within the Broadway community when he used his former co-star Gavin Creel’s death to promote a conspiracy theory about COVID-19 vaccines. In a video posted to Instagram in October, Levi surmised that Creel, with whom he co-starred in the 2016 revival of “She Loves Me” on Broadway, “would still be alive” if he hadn’t gotten vaccinated against COVID-19. After suggesting that the COVID-19 vaccines were “forced on the American public” despite known side effects including “turbo cancers,” Levi said : “Without a shadow of a doubt, I believe that Gavin Creel would be alive right now — right fucking now — he would still be alive if that stuff didn’t get put into his body.” Creel, beloved by theater fans for his performances in “Hello, Dolly!” and “Into the Woods,” among other musicals, died of a rare and aggressive form of cancer in September. Levi’s claims were quickly condemned by a litany of fellow Broadway performers. Appearing on “ That’s A Gay Ass Podcast ” last week, actor Laura Benanti didn’t hold back when asked about her experience working on “She Loves Me” with Levi. “I never liked him,” Benanti said . “Everyone was like, ‘He’s so great!’ And I was like, ‘No, he’s not. He’s sucking up all the fucking energy in this room. He wants to mansplain everybody’s part to them.’” “For [Levi] to use [Creel’s] memory ― a person he was not friends with ― to use his memory for his political agenda and to watch him try to make himself cry until he had one single tear, which he did not wipe away, I was like, ‘Fuck you forever,’” she added. Other news outlets have retreated behind paywalls. At HuffPost, we believe journalism should be free for everyone. Would you help us provide essential information to our readers during this critical time? We can't do it without you. Can't afford to contribute? Support HuffPost by creating a free account and log in while you read. You've supported HuffPost before, and we'll be honest — we could use your help again . We view our mission to provide free, fair news as critically important in this crucial moment, and we can't do it without you. Whether you give once or many more times, we appreciate your contribution to keeping our journalism free for all. You've supported HuffPost before, and we'll be honest — we could use your help again . We view our mission to provide free, fair news as critically important in this crucial moment, and we can't do it without you. Whether you give just one more time or sign up again to contribute regularly, we appreciate you playing a part in keeping our journalism free for all. Already contributed? Log in to hide these messages. Benanti, a 2009 Tony Award winner for “Gypsy” known for her impressions of Melania Trump on “The Late Show with Stephen Colbert,” also conceded that Levi’s initial claims about “career suicide” were dubious. “Christian, faith-based TV and film is huge. He’s going to be a huge fucking star in that realm,” she said. “He’s going to make more money than he ever has.” Listen to Zachary Levi’s “Club Random with Bill Maher” interview here . His comments on Trump begin around the 5:05 mark. Related From Our Partner
First Quarter of Fiscal 2025 Continuing Operations Highlights * ** Organic sales represent net sales excluding the impact of foreign exchange rates, acquisitions, and divestitures. A reconciliation of organic sales to comparable net sales is presented in the tables accompanying this release. MILWAUKEE, Dec. 18, 2024 (GLOBE NEWSWIRE) -- Enerpac Tool Group Corp. (NYSE: EPAC) (the "Company” or "Enerpac”) today announced results for its fiscal first quarter ended November 30, 2024. "We entered fiscal 2025 mindful of a sluggish industrial macro environment,” said Paul Sternlieb, Enerpac Tool Group's President & CEO. "Nonetheless, we believe Enerpac can continue to outperform the market given our global brand leadership, targeted growth strategy, customer-driven innovation, and continuous improvement process to enhance operational efficiency and productivity.” "First quarter fiscal 2025 was essentially in line with our expectations, reflecting our ability to operate in a soft market, while lapping strong growth in the first quarter of fiscal 2024,” said Darren Kozik, Executive Vice President and Chief Financial Officer. Consolidated net sales for the first quarter of fiscal 2025 were $145.2 million compared to $142.0 million in the prior-year period, an increase of 2.3%. Organic sales, excluding the acquisition of DTA and the impact of foreign currency, decreased 0.8% year-over-year. Service organic revenue growth of 5.6% was offset by a 2.7% decline in product sales. Net sales for Industrial Tools & Services (IT&S) increased 2.3%, driven by the increase in service revenue and the acquisition of DTA. The organic sales decline of 1.0% for IT&S was partially offset by a year-over-year improvement at Cortland Biomedical, which comprises the Other operating segment. Gross profit margin declined 90 basis points year-over-year to 51.4% due to lower sales in the Americas, a higher percentage of service revenue, and a return to normalized margins at Cortland. Selling, general and administrative expenses (SG&A) of $42.3 million were $2.3 million lower year-over-year. SG&A was 29.1% of sales, down from 31.4% in the year-ago period. Adjusted SG&A expenses, excluding one-time costs associated with the acquisition of DTA, were $42.2 million as compared to $41.1 million in fiscal 2024. The prior-year period adjusted SG&A excluded ASCEND and restructuring charges. As a percentage of sales, adjusted SG&A held flat at 29.0%. Operating profit increased 9% year-over-year to $31.1 million, with an operating profit margin of 21.4%, up from 20.2% in the first quarter of fiscal 2024. Adjusted operating profit decreased 3.6% to $31.3 million, with an adjusted operating margin of 21.5%, down from 22.8% in the year-ago period. First quarter fiscal 2025 net income and diluted EPS were $21.7 million and $0.40 respectively, compared to $18.3 million and $0.33, respectively, in the year-ago period. First quarter adjusted EBITDA was $34.3 million compared to $34.9 million in the year-ago period. Adjusted EBITDA margin declined 100 basis points year-over-year to 23.6% driven by lower gross margins coupled with the inclusion of DTA. Net cash provided by operating activities was $8.6 million for the first quarter of fiscal 2025 as compared to a use of $6.7 million in the prior-year period. Cash flow from operations was higher than the prior year, the benefit of higher net earnings, lower annual incentive compensation payments made in the first quarter compared to the prior year, and the absence of payments related to discontinued operations. IT&S Results Comparisons First quarter fiscal 2025 net sales for IT&S were $140.1 million, an increase of 2.3% year-over-year with organic sales down 1.0%. The decline in organic sales was driven by a 3.0% decrease in product sales, partially offset by a 5.6% increase in service revenue. The segment's operating profit margin increased approximately 110 basis points to 27.1% as the prior-year period included ASCEND and restructuring costs. Adjusted operating profit margin declined 90 basis points to 27.2%, driven by sales mix and the inclusion of DTA's results. DTA Acquisition On September 4, Enerpac completed the acquisition of DTA, a producer of automated on-site horizontal movement products, to complement its Heavy Lifting Technology product portfolio. "With the integration well underway, we are capitalizing on the opportunity to leverage Enerpac's global sales network and expand DTA's sales outside of Europe,” added Sternlieb. Corporate Expenses from Continuing Operations Corporate expenses were $8.2 million and $8.9 million for the first quarter of fiscal 2025 and fiscal 2024, respectively. The prior-year period included charges for ASCEND and restructuring. Adjusted corporate expenses (2) of $8.1 million for the first quarter of fiscal 2025 were flat as compared to the prior-year period. (2) F irst quarter fiscal 202 5 adj usted corp orate expenses exclude approximately $ 0.1 million of M &A costs a s compared to approximately $0. 3 million of restructuring charges and $ 0.4 million of ASCEND charges in the first quarter of fiscal 202 4 . Balance Sheet and Leverage Net debt on November 30, 2024, was $62.6 million, resulting in a net debt to adjusted EBITDA ratio of 0.5x. The company repurchased approximately 110,000 shares of its common stock in the first quarter of fiscal 2025 for a total of $4.4 million under its share repurchase program announced in March 2022. Cash decreased from the end of fiscal 2024 primarily due to the acquisition of DTA in the first quarter of fiscal 2025. Outlook "With the first quarter results roughly as anticipated, we are maintaining our full-year fiscal 2025 guidance, including total revenue and adjusted EBITDA growth of 5% at the midpoint of our guidance,” concluded Sternlieb. The Company is projecting a net sales range of $610 million to $625 million in fiscal 2025. The forecast anticipates organic sales growth of approximately 0% to 2%, with expected adjusted EBITDA in the range of $150 million to $160 million, and free cash flow between $85 million to $95 million. This forecast is based on the Company's key foreign exchange rate assumptions and assumes that there is no broad-based global recession. Conference Call Information An investor conference call is scheduled for 7:30 am CT on December 19, 2024. Webcast information and conference call materials, including an earnings presentation, are available on the Enerpac Tool Group company website ( www.enerpactoolgroup.com ). Safe Harbor Statement Certain of the above comments represent forward-looking statements made pursuant to the provisions of the Private Securities Litigation Reform Act of 1995. In addition to statements with respect to guidance, the terms "outlook,” "guidance,” "may,” "should,” "could,” "anticipate,” "believe,” "estimate,” "expect,” "objective,” "plan,” "project” and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are subject to inherent risks and uncertainties that may cause actual results or events to differ materially from those contemplated by such forward-looking statements. In addition to the assumptions and other factors referred to specifically in connection with such statements, risks and uncertainties that may cause actual results or events to differ materially from those contemplated by such forward-looking statements include, without limitation, general economic uncertainty, market conditions in the industrial, oil & gas, energy, power generation, infrastructure, commercial construction, truck and automotive industries, supply chain risks, including disruptions in deliveries from suppliers due to political tensions or the imposition, or threat of imposition, of tariffs, which could be affected by the outcome of the recent U.S. presidential election, the impact of geopolitical activity, including the invasion of Ukraine by Russia and international sanctions imposed in response thereto, as well as armed conflicts in the Middle East, including the impact on shipping in the Red Sea, the ability of the Company to achieve its plans or objectives related to its growth strategy, market acceptance of existing and new products, market acceptance of price increases, successful integration of acquisitions, the impact of dispositions and restructurings, the ability of the Company to continue to achieve its plans or objectives related to the PEP program, operating margin risk due to competitive pricing and operating efficiencies, risks related to reliance on independent agents and distributors for the distribution and service of products, material, labor, or overhead cost increases, tax law changes, foreign currency risk, interest rate risk, commodity risk, tariffs, litigation matters, cybersecurity risk, impairment of goodwill or other intangible assets, the Company's ability to access capital markets and other risks and uncertainties that may be referred to or noted in the Company's reports filed with the Securities and Exchange Commission from time to time, including those described in the Company's Form 10-K for the fiscal year ended August 31, 2024. Enerpac Tool Group disclaims any obligation to publicly update or revise any forward-looking statements as a result of new information, future events or any other reason. Non-GAAP Financial Information This press release contains financial measures that are not measures presented in conformity with GAAP. These non-GAAP measures include organic sales, EBITDA from continuing operations, adjusted EBITDA from continuing operations, adjusted earnings from continuing operations, adjusted diluted earnings per share from continuing operations, adjusted operating profit from continuing operations, segment adjusted operating profit and adjusted EBITDA, adjusted corporate expense, adjusted SG&A expense, free cash flow and net debt. This press release includes reconciliations of non-GAAP measures to the most comparable GAAP measure, included in the tables attached to this press release or in footnotes to the tables included in this press release. Management believes the non-GAAP measures presented in this press release are commonly used financial measures for investors to evaluate Enerpac Tool Group's operating performance and financial position with respect to the periods presented and, when read in conjunction with the condensed consolidated financial statements, present a useful tool to evaluate ongoing operations and provide investors with metrics they can use to evaluate aspects of the Company's performance from period to period. In addition, these are some of the financial metrics management uses in internal evaluations of the overall performance of the Company's business. Management acknowledges that there are many items that impact a company's reported results and the adjustments reflected in these non-GAAP measures are not intended to present all items that may have impacted these results. In addition, these non-GAAP measures are not necessarily comparable to similarly titled measures used by other companies. About Enerpac Tool Group Enerpac Tool Group Corp. is a premier industrial tools, services, technology, and solutions provider serving a broad and diverse set of customers and end markets for mission-critical applications in more than 100 countries. The Company makes complex, often hazardous jobs possible safely and efficiently. Enerpac Tool Group's businesses are global leaders in high pressure hydraulic tools, controlled force products, and solutions for precise positioning of heavy loads that help customers safely and reliably tackle some of the most challenging jobs around the world. The Company was founded in 1910 and is headquartered in Menomonee Falls, Wisconsin. Enerpac Tool Group common stock trades on the NYSE under the symbol EPAC. For further information on Enerpac Tool Group and its businesses, visit the Company's website at www.enerpactoolgroup.com . (tables follow)WEST SACRAMENTO, Calif. — A little over 3,000 Pacific Gas and Electric Company customers in West Sacramento were without power Friday morning after a car crashed into a power pole. The crash happened on Jefferson Boulevard, the West Sacramento Police Department said. Both northbound and southbound lanes from South Linden Road to Marshall Road, and also at the intersection of Harmon Road. It was unclear what caused the crash or if anyone was injured. This comes as there is heavy rain falling across the region . The power was reported out at 10:28 a.m., according to the PG&E power outage map. No estimated time for when the power will fully be restored was given. Students at River City High School were dismissed early at 11:45 a.m. due to the power outage, the Washington Unified School District said. All boys' basketball games were also canceled for this evening. The West Sacramento Recreation Center was closed until further notice due to the power outage, the City of West Sacramento said. All activities, including lap swim, group exercise classes, and Parent's Night Out, are canceled. See our live traffic map for updates. This story was curated by Hearst's KCRA Alert Desk. Do you have photos or videos of this or another incident? Upload them to KCRA.com/upload , and be sure to include your name and additional details so we can give you credit online and on TV. If this story happened near you or someone you know, share this article with friends in your area using the KCRA mobile app so they know what is happening near them. The KCRA app is available for free in Apple’s App Store and on Google Play . See more coverage of top California stories here | Subscribe to our morning newsletter TRACK INTERACTIVE, DOPPLER RADAR Click here to see our interactive radar. DOWNLOAD OUR APP FOR THE LATEST Here is where you can download our app . Follow our KCRA weather team on social media Watch our forecasts on TV or online Here's where to find our latest video forecast . You can also watch a livestream of our latest newscast here . The banner on our website turns red when we're live. We're also streaming on the Very Local app for Roku, Apple TV or Amazon Fire TV. See more coverage of top California stories here | Download our app | Subscribe to our morning newsletter
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‘Drill, baby, drill’: What Trump’s directive for public land management means for ColoradoRussian security officials say they foiled a plot by one of their own citizens to kill a high ranking officer and a pro-Russian war blogger. The Russian citizen was working with Ukraine’s military intelligence agency and planned to detonate a bomb hidden in a portable speaker, according to Russia’s Federal Security Service. The citizen got in contact with a Ukranian Defense Ministry officer over the messaging service Telegram, received instructions and then retrieved a bomb from a hiding place in Moscow, the FSB said. Russian officials did not name the official or blogger that were being targeted. Amid the nearly-three year war following Russia’s invasion, Ukraine has said the targeted killings of those it deems guilty of war crimes are legitimate, while Russia has called them “acts of terrorism.” Earlier this month, Ukraine’s intelligence service killed a Russian lieutenant it said promoted the use of banned chemical weapons. President-elect Trump’s designated Ukraine envoy, retired Lieutenant-General Keith Kellogg, said the attacks were “not really smart” and going “a little bit too far.” Separately, the Financial Times reported that a new Russian ballistic missile fired at Ukraine in November was developed using manufacturing equipment from Western companies, despite sanctions aimed at stopping the flow of such equipment to Moscow. Russian President Vladimir Putin said the missile was in response to Ukraine’s use of Western weapons to strike Russia and that it has “stock” of such weaponry, but the report indicates that the country is still heavily dependent on foreign technology. Moscow made significant gains on the front lines in 2024, but as the war drags into its third year, some Ukrainians still hold out hope for prisoner swaps, which have dropped sharply. There were only 10 prisoner exchanges this year, the lowest number since the invasion began and over 8,000 prisoners of war are thought to still be held in Russia, according to the BBC . Families and activists gathered in Kyiv on Christmas to call for the release of Ukrainian prisoners. “We hope for a Christmas miracle,” Tetiana, whose 24-year-old son Artem was captured almost three years ago, told the outlet. “My son’s release is my deepest wish.” With Post wiresMicron shares plunge on weak second-quarter guidance
On paper, Luigi Mangione had it all: wealth, intellect, athleticism, good looks. But the child of a prominent Maryland family may have spurned it all in a spasm of violence, in a killing that has mesmerized Americans. The 26-year-old was arrested Monday and charged with the murder of Brian Thompson, a health insurance chief executive and father of two who was gunned down in Manhattan last week by someone who, evidence suggests, has endured his own debilitating health crises and grew angry with the privatized US medical system. The cold-blooded killing has laid bare the deep frustration many Americans feel toward the country's labyrinthine health care system: while many have condemned the shooting, others have praised Mangione as a hero. It has also prompted considerable interest in how a young engineer with an Ivy League education could have gone off the rails to commit murder. News of his capture at a Pennsylvania McDonald's triggered an explosion of online activity, with Mangione quickly amassing new followers on social media as citizen sleuths and US media tried to understand who he is. As Americans have looked for clues about a political ideology or potential motive, a photo on his X account (formerly Twitter) includes an X-ray of an apparently injured spine. Mangione lived in Hawaii in 2022 and, according to his former roommate R.J. Martin, suffered from back pain, and was hoping to strengthen his back. After a surfing lesson, Mangione was "in bed for about a week" because of the pain, Martin told CNN. Earlier this year, Martin said, Mangione confirmed he'd had back surgery and sent him photos of the X-rays. Police said the suspect carried a hand-written manifesto of grievances in which he slammed America's "most expensive health care system in the world." "He was writing a lot about his disdain for corporate America and in particular the health care industry," New York police chief detective Joseph Kenny told ABC. According to CNN, a document recovered when Mangione was arrested included the phrase "these parasites had it coming." Meanwhile, memes and jokes proliferated, many riffing on his first name and comparing him to the "Mario Bros." video game character Luigi. Many expressed at least partial sympathy, having had their own harrowing experiences with the US health care system. "Godspeed. Please know that we all hear you," wrote one user on Facebook. Mangione hails from the Baltimore area. His wealthy Italian-American family owns local businesses, including the Hayfields Country Club, according to local outlet the Baltimore Banner, and cousin Nino Mangione is a Maryland state delegate. A standout student, Luigi graduated at the top of his high school class in 2016. A former student who knew Mangione at the elite Gilman School told AFP the suspect struck him as "a normal guy, nice kid." "There was nothing about him that was off, at least from my perception," the person said. Mangione attended the prestigious University of Pennsylvania, where he completed both a bachelor's and master's degree in computer science by 2020, according to a university spokesperson. While at Penn, Mangione co-led a group of 60 undergraduates who collaborated on video game projects, as noted in a now-deleted university webpage. On Instagram Mangione shared snapshots of his travels, and shirtless images of himself flaunting a six-pack. X users have scoured Mangione's posts for potential motives. His header photo includes an X-ray of a spine with bolts attached. Finding a political ideology that fits neatly onto the right-left divide has proved elusive, though he had written a review of Ted Kaczynski's manifesto on online site Goodreads, calling it "prescient." Kaczynski, known as the Unabomber, carried out multiple bombings in the United States from 1978 to 1995, in a campaign he said was aimed at halting the advance of modern society and technology. Mangione has also linked approvingly to posts criticizing secularism as a harmful consequence of Christianity's decline, and retweeted posts on the impact mobile phones and social media have on mental health. ia/abo-mlm/nroROSEN, HIGHLY RECOGNIZED INVESTOR RIGHTS COUNSEL, Encourages MGP Ingredients, Inc. Investors to ...
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