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ANSS

HYMTF

Hyundai Motor Company has selected Ansys (NASDAQ:ANSS) as a preferred supplier for structural simulation solutions, specifically Ansys Mechanical™ and Ansys LS-DYNA™, for next-generation vehicle body system analysis. This decision comes after an 18-month competitive evaluation, highlighting Ansys' superior market strategy, predictive accuracy, and product development commitment. The collaboration aims to enhance vehicle safety and comfort through advanced simulation tools.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 2:08 pm

THO

THOR Industries, Inc. (NYSE:THO) is set to release its Q2 earnings on March 6, 2024, with expected earnings of 68 cents per share and projected revenue of $2.27 billion. The company recently appointed Jeffrey D. Lorenger to its board and Michele McDermott as CHRO. THOR offers a 1.49% annual dividend yield, equating to $1.92 per year. To earn $500 monthly from dividends, an investment of approximately $397,250 is required. THO shares fell 1.5% to close at $127.12.

Portfolio Pulse from Avi Kapoor

March 05, 2024 | 2:02 pm

SBUX

The Strategic Organizing Center (SOC), a shareholder of Starbucks Corporation (NASDAQ:SBUX), has withdrawn its director nominations following an agreement between Starbucks and Workers United. This agreement, which includes collective bargaining and benefits for employees, is seen as a significant step towards improving Starbucks' labor relations and enhancing shareholder value. The SOC believes this move will allow Starbucks to focus on its new commitments to workers and governance reforms, potentially leading to improved company performance.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 1:37 pm

ITI

Iteris, Inc. (NASDAQ:ITI) has been awarded a contract by the Virginia Department of Transportation to develop a Traffic Operations Strategic Plan (TOSP) for Virginia. This initiative aims to improve safety, accessibility, and efficiency across the state's traffic operations. The project will involve collaboration with VHB, Kimley-Horn, and Prime AE, covering project management, research, development, and completion of the TOSP.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 1:36 pm

CDIO

Cardio Diagnostics Holdings, Inc. (NASDAQ:CDIO), an AI-driven precision cardiovascular medicine company, announced the U.S. Patent and Trademark Office has issued a notice of allowance for a patent application exclusively licensed to the company for detecting predisposition to cardiovascular disease. This marks the second U.S. patent in this family, with additional patents issued in the EU, China, India, and Australia. The technology aims to address the significant health burden of cardiovascular disease (CVD) in the U.S., where heart disease is the leading cause of death. The company's IP portfolio includes clinical blood tests and software solutions designed to improve prevention, detection, and management of CVD.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 1:34 pm

PATK

Patrick Industries, Inc. (NASDAQ:PATK) announced the appointment of Andy Roeder as Executive Vice President-Finance, Chief Financial Officer (CFO), and Treasurer, effective March 5. Roeder, with extensive experience in finance and the marine industry, including roles at Polaris Boats and Bennington Marine, is expected to support Patrick's strategic growth in the Outdoor Enthusiast and Housing markets. The company expressed confidence in Roeder's ability to contribute to its financial foundation and growth objectives. Matt Filer, who served as Interim CFO since May 2023, will resume his role as Senior Vice President-Finance and take on the role of Corporate Controller.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 1:33 pm

WDC

Western Digital Corp. (NASDAQ:WDC) is progressing with its plan to separate into two independent, publicly traded companies, focusing on HDD and Flash businesses, by the second half of 2024. The company has made significant advancements in preparation, including establishing legal entities, transferring contracts, and appointing executive leaders for both future companies. David Goeckeler is appointed as CEO Designate for the Flash company, while Irving Tan will become CEO of the standalone HDD company, continuing as Western Digital.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 1:31 pm

SOFI

SoFi Technologies, Inc. (SOFI) plans to offer $750 million in convertible senior notes due 2029 to qualified institutional buyers, with an option for an additional $112.5 million. The notes are unsecured and can be converted into cash or SoFi stock. Proceeds will fund capped call transactions, redeem Series 1 Preferred Stock, and for general corporate purposes including repaying debt.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 1:22 pm

ABBV

Allergan Aesthetics, an AbbVie company (NYSE:ABBV), announced the U.S. FDA approval of JUVÉDERM VOLUMA XC for temple hollowing improvement in adults. This marks the first FDA approval for a hyaluronic acid dermal filler in the upper face, addressing a significant unmet need. Clinical studies showed over 80% improvement in temple hollowing three months post-treatment, with results lasting up to 13 months. The approval underscores Allergan Aesthetics' commitment to innovation and patient care.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 1:18 pm

SABR

Sabre Corporation (NASDAQ:SABR), a global travel technology provider, announced Gail Mandel as the new non-executive Chair of the Board, effective at the 2024 Annual Meeting on April 24. Mandel, a former Wyndham Worldwide executive and current Sabre Board member since April 2020, will succeed Sean Menke, who is retiring. Mandel's leadership aims to drive Sabre's strategic transformation, focusing on innovation and sustainable growth. Menke, having served since 2016, is credited with leading Sabre through significant challenges and technological advancements.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 1:17 pm