Tag: Outlook

World Kinect Corporation Highlights Growth Strategy and Financial Outlook During 2024 Investor Day

  • Focused on achieving a 30% adjusted operating margin and full-year adjusted EBITDA of $480 – 520 million by 2026.

  • Targeting aggregate Free Cash Flow generation of $900 million to $1.2 billion over the next five years, with approximately 40% allocated to buybacks and dividends.

MIAMI, March 13, 2024–(BUSINESS WIRE)–World Kinect Corporation (NYSE: WKC) (“World Kinect” or the “Company”) today hosted its 2024 Investor Day, during which the Company discussed its unique position in a large global market, its strategy to capture opportunities across its three business segments, and its financial targets to drive attractive long-term shareholder returns.

“As our team continues to deliver for our global customer base, we are focused on our strategy to accelerate growth by driving efficiencies in our core distribution platform, increasing the availability of renewable energy and lower-carbon fuels, and expanding our suite of energy-management solutions,” said Michael J. Kasbar, Chairman and Chief Executive Officer. “I am confident our clear strategy will drive greater value for our shareholders.”

Financial Outlook

  • The Company remains focused on driving greater operating efficiencies with a target of achieving a 30% adjusted operating margin by 2026.

  • Increased operating efficiencies and profitable growth are expected to contribute to annual adjusted EBITDA of $480 – 520 million by 2026.

  • The Company expects to generate between $900 million and $1.2 billion of total Free Cash Flow over the next five years, with approximately 40% of such amount expected to be allocated to buybacks and dividends.

“With a focus on generating improved shareholder returns, today we announced an updated financial outlook for increased operating efficiencies, profitability, and free cash flow,” stated Ira M. Birns, Executive Vice President and Chief Financial Officer. “We believe the achievement of these efficiency improvements, coupled with profitable growth, will enhance our ability to provide sustainable

Read More ...

Winterberry Group Announces Annual ‘Outlook’ for Estimated

NEW YORK, Jan. 18, 2024 (GLOBE NEWSWIRE) — Estimated overall ad spending in U.S. will post a robust 10.4-percent growth in 2024, reaching $570 billion – fueled by $17 billion in political ad spending, and continued transformation of data-driven advertising, from connected television (CTV) to numerous digital ad channels where double-digit percentage growth is expected, according to Winterberry Group which announces today its “Outlook for Advertising, Marketing and Data 2024” research estimates. The new research also includes a recap of 2023 ad spending across online and offline media channels.

The predictions from the strategic consultancy also included a variety of business drivers and trends, from macroeconomic influences such as interest rates and unemployment, to advertising-specific concerns, among them the loss of third-party cookies as reliable household and individual identifiers for advertising, and their attempted replacement by a variety of technologies and techniques. For the 18th consecutive year, the research was announced by Bruce Biegel, senior managing partner, Winterberry Group at a Marketing Club of New York program in New York City.

“Nearly half the projected ad spend growth will be driven by the forthcoming election cycle,” Biegel said, noting that the campaign for U.S. President and Members of Congress – which likely will be divisive – may dampen the ability of brands to connect with consumers, since brands tend to steer clear of ad-financing in media channels where controversy foments. “Still, the investment in data-driven channels will flourish – where spending on data, data services and data infrastructure is predicted to top $36 billion in 2024, a 13.9-percent increase.”

“Another predominant trend is that retail media networks – with impact on display, search and social – are expanding to become ‘commerce media networks,’ where platforms with significant first-party data are leveraged to support targeted, measurable business objectives,” Biegel said.

Read More ...

WPP slashes outlook again as China slowdown adds to tech woes

Branding signage is seen for WPP, the world's biggest advertising and marketing company, at their offices in London

Branding signage for WPP, the largest global advertising and public relations agency at their offices in London, Britain, July 17, 2019. REUTERS/Toby Melville/File Photo Acquire Licensing Rights

  • WPP cuts full-year forecast for second quarter in a row
  • Expects growth of 0.5-1.0, down from 1.5-3.0%
  • Tech companies reluctant to spend, GroupM slows sharply
  • Shares fall as much as 5% to three-year low

LONDON, Oct 26 (Reuters) – Ad group WPP (WPP.L) cut its outlook for the second time in as many quarters on Thursday as tech clients continued to cut back on marketing, growth slowed sharply at its media buying agency GroupM and China disappointed.

The British company, whose agencies include Ogilvy, said it now expected like-for-like growth for 2023 of 0.5-1.0%, down from the 1.5-3.0% it forecast in August and the up to 5% it expected earlier in the year.

“Our top-line performance in Q3 was below our expectations and continued to be impacted by the cautious spending trends we saw in Q2, particularly across technology clients with more impact from this felt in GroupM over the summer than the first half,” CEO Mark Read said.

WPP’s like-for-like revenue less pass-through costs fell 0.6% in the quarter while the market had expected 1.0% growth.

The performance trailed rivals Interpublic, which reported a 0.4% decrease, Omnicom, which recorded 3.3% growth, and Publicis, the strongest of the big four, with 5.3% growth.

Read noted that Meta, which published results on Wednesday, had reduced marketing spend by 24%.

“Technology companies (…) are looking very carefully at their marketing expenses,” he said in an interview. “But I do think in the long run that will correct itself.”

Its shares fell as much as 5% to a three-year low.

Read said it was also a tougher quarter in China, where consumer spending had not returned

Read More ...

NFC Business Card Market Outlook 2023-2030: Latest Trends, Opportunities, and Future Growth Predictions

The NFC Business Card Market Research Report 2023: incorporates a thorough qualitative and quantitative analysis along with several market dynamics. Global NFC Business Card Market size was valued at USD 16 million in 2022, and poised to rise at an impressive growth rate of USD 30 million in next 5 years as projected. The report anticipates a robust growth trajectory, demonstrated by an impressive (Compound Annual Growth Rate) CAGR of 9.9% during the forecast 2023-2028. This research provides a roadmap of the NFC Business Card industry by including details on significant growth factors, future developments, important business tactics, and top company opportunities. It also contains historical data, future product environments, marketing plans, and technology advancements.

According to the Newest 108 Pages Report contains market size, share, key company analysis, profit and deals, exclusive data, vital statistics, current advancements, and competitive landscape details. Ask for Sample Report

Who Are the Leading Key Players Operating in This Market?

The report offers a detailed analysis supported by reliable statistics on sales and revenue by players for the period 2018-2023. Company profiles and market share analyses of the prominent players are also provided in this section.

  • BIGDAWGS
  • Blue
  • Lulu Systems, Inc.
  • Variuscard GmbH
  • Yuvera Solutions (1Card)
  • BuzzTech
  • MoreRFID
  • RFITRFID
  • Shenzhen Chuangxinjia RFID Tag
  • Shenzhen Xinyetong Technology
  • D.O RFID TAG Company
  • ZBTECH
  • NFC Touch

Get a Sample PDF of report @ https://www.industryresearch.biz/enquiry/request-sample/19857595

Attractive NFC Business Card Market Opportunities and Insights: –

The report offers key success strategies for leading companies, Key market dynamics including trends, drivers, challenges, and opportunities. Further, critical NFC Business Card market strategies, Porter’s five forces, market attractiveness, and growth-share matrix are covered.

The Global NFC Business Card market is anticipated to rise at a considerable rate during the forecast period, between 2023 and 2030. In 2023,

Read More ...

Digital Business Card Market 2023 Growth Drivers and Future Outlook

Orbisresearch.com has made a recent study with the title “Global “Digital Business Card” Market Trends and Insights” available.

This in-depth research report delves into the Digital Business Card market, focusing on emerging trends and growth opportunities. The analysis is designed to empower market research companies to provide their clients with the latest insights and market developments, enabling them to capitalize on the rapidly evolving Digital Business Card market.

  1. Introduction

The report introduces the Digital Business Card market, highlighting its significance in the broader economic landscape. We provide an overview of the market’s current state and underscore the importance of staying updated on emerging trends.

       Request a pdf sample report : https://www.orbisresearch.com/contacts/request-sample/6417188 

  1. Market Dynamics

Our research team examines the key drivers and restraints influencing the Digital Business Card market’s growth. By understanding these dynamics, market research companies can offer strategic recommendations to their clients, ensuring they navigate market challenges effectively.

The “Emerging Trends” segment of the Digital Business Card market research report is dedicated to exploring the latest developments and changes that are shaping the industry’s future. This section sheds light on transformative forces that have the potential to significantly impact businesses and their strategies. Market research companies can use this information to assist their clients in identifying new opportunities, mitigating risks, and staying ahead of the competition. The following sub-sections provide an in-depth elaboration of the content covered under this segment:

. Top Players in the Digital Business Card market report:

Haystack
L-Card
Switchit
KNOWEE
CamCard
Inigo

3.     Technological Advancements

 This sub-section highlights the technological breakthroughs and innovations that are revolutionizing the Digital Business Card market. It covers advancements in areas such as automation, artificial intelligence, the Internet of Things (IoT), blockchain, and data analytics. Market research companies can advise their clients on adopting these technologies to

Read More ...

AMSC Reports First Quarter Fiscal Year 2023 Financial Results and Provides Business Outlook

AMSC

AMSC

Company to host conference call tomorrow, August 10 at 10:00 am ET

AYER, Mass., Aug. 09, 2023 (GLOBE NEWSWIRE) — AMSC (Nasdaq: AMSC), a leading system provider of megawatt-scale power resiliency solutions that orchestrate the rhythm and harmony of power on the grid™ and protect and expand the capability and resiliency of our Navy’s fleet, today reported financial results for its first quarter of fiscal year 2023 ended June 30, 2023.

Revenues for the first quarter of fiscal 2023 were $30.3 million compared with $22.7 million for the same period of fiscal 2022. The year-over-year increase was driven primarily by higher new energy power systems revenues, versus the year ago period.

AMSC’s net loss for the first quarter of fiscal 2023 was $5.4 million, or $0.19 per share, compared to a net loss of $8.7 million, or $0.32 per share, for the same period of fiscal 2022.  The Company’s non-GAAP net loss for the first quarter of fiscal 2023 was $2.1 million, or $0.08 per share, compared with a non-GAAP net loss of $6.8 million, or $0.25 per share, in the same period of fiscal 2022. Please refer to the financial table below for a reconciliation of GAAP to non-GAAP results.

Cash, cash equivalents, and restricted cash on June 30, 2023, totaled $23.1 million, compared with $25.7 million at March 31, 2023.

“Fiscal 2023 is off to a good start with first quarter revenues exceeding our expectations. Solid execution on strong demand from our new energy power systems and Navy markets drove revenue for the quarter. Additionally, stronger margins drove a narrowed cash burn,” said Daniel P. McGahn, Chairman, President and CEO, AMSC. “During the quarter, we booked over $34 million of new energy power systems orders across a diversity of end markets including new military applications, which provide 

Read More ...

KORU Medical Systems, Inc. Announces Preliminary Second Quarter 2023 Revenues and Provides Business, Outlook and Executive Updates

MAHWAH, N.J., August 02, 2023–(BUSINESS WIRE)–KORU Medical Systems, Inc. (NASDAQ: KRMD) (“KORU Medical” or the “Company”), a leading medical technology company focused on the development, manufacturing, and commercialization of innovative and easy-to-use specialty subcutaneous infusion solutions that improve quality of life for patients, today announced preliminary unaudited revenues for the second quarter 2023 and provided business, outlook and executive updates.

The Company reported total net revenues for the second quarter 2023 of approximately $6.9 million, representing growth of approximately 6% compared to the prior year period. Domestic Core revenues increased approximately 8%, International Core revenues increased approximately 17%, and Novel Therapies revenues declined approximately 28% compared to the prior year period.

Full year 2023 net revenues are now expected to be between $31 million and $32.5 million, representing revenue growth in the range of 11%-17% from the prior year. The Company’s guidance for full year 2023 has been updated to reflect a Q2 2023 decline in the U.S. subcutaneous immunoglobulin market, resulting in a change of KORU Medical’s outlook on underlying U.S core market growth assumption from 10% to the mid-single digit range. In addition, the Company’s guidance reflects a change in timing of Novel Therapies revenues.

The Company’s cash balance was $11.7 million as of June 30, 2023, and it is reaffirming an expected end of year cash balance greater than $10.0 million and full year gross margin between 58-60%, and 60-62% exit rate.

“I am pleased our U.S. revenue growth significantly exceeded the overall U.S. market in the quarter and we saw continued strength in our international business,” said Linda Tharby, KORU Medical’s President and CEO. “The foundation of our business remains sound, and we see continued progress this quarter in Novel Therapies collaborations, with a new deal being signed and the early submission

Read More ...

PayPal’s weak margin eclipses upbeat spending outlook

The PayPal logo is seen on a smartphone in front of the same logo displayed in this illustration

The PayPal logo is seen on a smartphone in front of the same logo displayed in this illustration taken September 8, 2021. REUTERS/Dado Ruvic/Illustration

Aug 2 (Reuters) – PayPal Holdings (PYPL.O) shares fell 7% in extended trading on Wednesday as investors were disappointed by the payments firm’s quarterly operating margin, even as executives said they expect improvement towards the end of the year.

Underwhelming margins at PayPal have been worrying analysts in recent quarters. The company’s low-margin business products have grown strongly, while growth in its branded products has slowed due to increased pressure from competitors like Apple (AAPL.O).

“When we think about the back half, in Q3, we’ll still see some pressure on transaction margin performance. In Q4, we expect to see an improvement,” acting CFO Gabrielle Rabinovitch said on a call with analysts.

PayPal’s adjusted operating margin for the quarter came in at 21.4%, missing its forecast of 22%.

Reuters Graphics

In a bright spot, PayPal CEO Dan Schulman said that as inflation cools the company expects discretionary spending to rebound and drive e-commerce growth.

“So one of the headwinds we faced was e-commerce growth slowing. Now it’s accelerating again,” he added.

PayPal’s total payment volume surged 11% in the second quarter to $376.5 billion, benefiting from resilient consumer spending trends.

“TPV growth above consensus affirms the ongoing theme of resilient consumer spending in the face of broader macroeconomic uncertainty,” said Kevin Kennedy, analyst at research firm Third Bridge.

Banking on the continued steady use of its platform, PayPal expects third-quarter revenue of about $7.4 billion, above analysts’ estimates of $7.32 billion, according to Refinitiv data.

PayPal forecast adjusted profit per share for the current quarter to be in a range of $1.22 and $1.24, above analysts’ estimates of $1.22.

PayPal posted revenue of $7.3 billion in the

Read More ...

Motor Insurance Market Outlook: Market Size, Major

LONDON, April 20, 2023 (GLOBE NEWSWIRE) — The Business Research Company’s research on the motor insurance market forecasts the global motor insurance market size to grow from $738.6 billion in 2022 to $806.4 billion in 2023 at a compound annual growth rate (CAGR) of more than 9%. The global motor insurance market size is then expected to grow to $1,122.4 billion in 2027 at a CAGR of more than 8%.

Learn More In-Depth On The Motor Insurance Market

The growing number of vehicles on the road is likely to drive the expansion of the motor insurance market in the future. Automobiles are self-propelled vehicles that employ a power source for propulsion and are used to move passengers and commodities on land. People purchase auto insurance to protect themselves from financial losses, which fuels demand for motor insurance and is largely attributed to the benefits provided by motor insurance, which include cost coverage for an injured person, medical coverage, lost wages, vehicle repair, and any property damaged in an accident. According to the National Transportation Statistics 2021 report produced by the US Department of Transportation, an executive branch of the United States federal government, 11,34,61,353 automobiles were registered in the United States in 2021. Automobiles accounted for 10,51,43,990 registrations in 2020, while motorbikes accounted for 8,317,363 registrations. Furthermore, according to the Society of Motor Manufacturers and Traders (SMMT), a UK-based motor vehicle trade organisation, car production in the UK increased by 7.4% to 69,524 units in November 2022, compared to the previous year. As a result, the growing number of automobiles on the road is propelling the growth of the motor insurance market.

Major players in the auto industry insurance companies are Allianz SE, State Farm Insurance, AXA, Zurich Insurance, Allstate Corporation, GEICO, Ping An Insurance Company of China Ltd., HDFC

Read More ...

Visa, Mastercard Beat Earnings: Travel, Cross-Border Outlook Improves

Colossal credit card companies Mastercard (MA) and Visa (V) report earnings results on Thursday. Mastercard topped expectations for its fourth quarter results before the market opened. And Visa kicked off its fiscal 2023 year by beating forecasts for its afternoon report. MA stock fell Thursday and Friday. Visa stock rose on Friday following its announcement.




X



A backdrop of rising interest rates can be a positive for the big credit card processors. But those interest rates also squeeze consumers, who have also grown increasingly wary of a possible recession. Wells Fargo analyst Donald Fandetti expects these factors to make most of 2023 a challenging environment for consumer finance company fundamentals, he wrote in a mid-December research note.

However, easing travel-related concerns and revenue other than consumer credit cards is improving company diversification. Also, additional payment flows outside of consumer cards should extend Visa and Mastercard’s growth, KeyBanc analyst Josh Beck noted on Jan. 9.

On Tuesday, MA stock and Visa stock veered sharply higher and lower amid the New York Stock Exchange’s trading malfunction. Both hit “circuit breakers” and were temporarily halted.

Mastercard Earnings

Mastercard’s gross dollar volume grew 14% through the first three quarters of 2022, to $6 trillion. The company’s cross-border volume spiked 51% during the year, generating $4.8 billion in cross-border fees.

For the fourth quarter, Mastercard’s adjusted earnings rose 13% to $2.65 per share on 12% revenue growth to $5.8 billion. That just beat Wall Street expectations of 9.4% earnings growth to $2.57 per share on 10.9% revenue growth to $5.79 billion.

For Q4, gross dollar volume grew 8% to $2.1 trillion. Cross-border payments volume leapt 31% $1.8 billion and transaction processing fees rose 12% to $3.3 billion.

The results mark seven consecutive quarters of increasing earnings and eight quarters of revenue

Read More ...