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ASH

Ashland projects fiscal Q4 sales of $530M-$540M and adjusted EBITDA of $130M-$140M. FY sales are projected at $2.1B with adjusted EBITDA of $465M-$475M. The company is reducing inventory and lower value business exposure, expecting significant year-over-year margin improvement. Ashland anticipates mid-single-digit volume growth in Q4, offset by low-single-digit pricing declines. Additionally, Ashland plans to sell its nutraceuticals business to Turnspire Capital and is preparing for a choppy demand environment while advancing long-term growth strategies.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 9:06 pm

EVCM

EverCommerce Inc. (NASDAQ:EVCM) has appointed Ryan Siurek as the new Chief Financial Officer, effective September 6, 2024. Current CFO Marc Thompson will stay with the company until that date to ensure a smooth transition.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 8:51 pm

STEM

Stem, Inc. (NYSE: STEM) has appointed Doran Hole as Chief Financial Officer and Executive Vice President, effective September 2, 2024. David Buzby has been named Executive Chair of the Board, and Laura D'Andrea Tyson has been named Lead Independent Director. The company has also initiated a strategic review of its business and reported its second quarter 2024 earnings.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 8:50 pm

LOGI

Logitech International has announced the recruitment of Matteo Anversa as the new CFO, effective September 1, 2024. Anversa will join the Group Management Team and report to CEO Hanneke Faber.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 8:48 pm

PRCH

Porch Group, Inc. (NASDAQ:PRCH) has filed an application to form a Texas reciprocal insurance exchange, transferring its homeowners insurance carrier, Homeowners of America Insurance Company (HOA), to the new entity. Porch contributed 18.3 million PRCH shares to HOA to bolster its balance sheet and support future growth.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 8:41 pm

EHTH

eHealth Inc. (EHTH) announced that its CEO, Fran Soistman, will retire in early 2025. The company has started the search for his successor.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 8:37 pm

IRBT

iRobot Corp. (NASDAQ:IRBT) has appointed Jeffrey Engel as its new President & COO. Engel, who has over 30 years of executive experience and was previously the company's Chief Restructuring Officer, will oversee daily operations, restructuring, R&D, operations and supply chain, and product management.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 8:27 pm

PGEN

Precigen, Inc. (NASDAQ:PGEN) is strategically prioritizing its portfolio to focus on the potential launch of its gene therapy, PRGN-2012, for recurrent respiratory papillomatosis (RRP). The company is reducing its workforce by over 20% and has initiated patient enrollment in a confirmatory clinical trial for PRGN-2012, which is on track for a rolling BLA submission under an accelerated approval pathway.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 8:27 pm

DELL

Dell Technologies Inc. (NYSE:DELL) shares are trading lower following the announcement of a significant reorganization within its sales teams, including job cuts and a new focus on AI products and services. The company aims to streamline management layers and shift investment priorities towards emerging technologies. Market sentiment is mixed but leans bullish, with notable options trading activity suggesting a price range of $80.0 to $150.0 over the next three months. Dell shares fell 3.90%, trading at $94.35.

Portfolio Pulse from Vaishali Prayag

August 06, 2024 | 7:17 pm

ALK

BA

NTSB Chair Homendy has stated that Boeing has significant improvements to make in its safety culture. Additionally, the NTSB and Boeing have been unable to determine who removed a door plug from an Alaska Airlines 737 MAX 9.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 7:13 pm