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Corporate Responsibility

MSA

MSA Safety has announced the election of Steve Blanco as its new CEO, effective May 10, 2024, succeeding Nish Vartanian who plans to retire. Blanco, currently MSA's President and COO, has also been elected as a director of the company effective immediately.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 9:41 pm

AMH

American Homes 4 Rent (AMH) has announced that Bryan Smith will become the company's CEO, effective January 1, 2025. He will succeed David P. Singelyn.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 9:28 pm

ALG

Alamo Group Inc. (NYSE:ALG) announced leadership changes with Roderick R. Baty retiring and Richard W. Parod set to become the new Independent Board Chair on April 30, 2024. Additionally, Paul D. Householder has been appointed as a new independent board member effective February 22, 2024. Householder, currently CEO of Ag Growth International Inc., brings extensive international experience to the board.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 9:20 pm

BTCUSD

ETHUSD

MATICUSD

Reddit has disclosed in an SEC filing that it has invested part of its excess cash reserves in Bitcoin and Ether. Additionally, the company has acquired Ether and Matic through sales of certain virtual goods, a practice it may continue in the future.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 8:35 pm

GS

Former Goldman Sachs recruiter Chanelle Howell advises job candidates to ask employers to explain the skills and experiences that justify different salary levels within a posted range. This strategy, aimed at unlocking higher salary opportunities, leverages increasing transparency in salary disclosures. Howell's approach encourages candidates to tailor their interview responses to meet the higher salary criteria, based on the employer's own valuation of skills and experiences.

Portfolio Pulse from Adam Eckert

February 22, 2024 | 7:12 pm

META

Meta Platforms Inc (NASDAQ:META), the parent company of Facebook, announced its interpretation of a new Indonesian law requiring digital platforms to compensate news publishers does not apply to them for content posted voluntarily on its platforms. This comes as Indonesia enacts a law aimed at addressing the power imbalance between digital platforms and news content providers, similar to Australia's News Media Bargaining Code. Meta's stance follows discussions with the Indonesian government and amidst a broader dispute over content compensation. META shares saw a 4.44% increase to $488.82.

Portfolio Pulse from Anusuya Lahiri

February 22, 2024 | 6:55 pm

MATV

Mativ Holdings, Inc. (NYSE:MATV) shares surged 30% after reporting Q4 adjusted earnings per share of 23 cents, surpassing the analyst consensus of 14 cents, despite a revenue miss and a 13.7% year-over-year sales decline. The company also announced a dividend reduction, debt reduction, and a $40 million cost-cutting initiative.

Portfolio Pulse from Nabaparna Bhattacharya

February 22, 2024 | 6:20 pm

GRAM

Glass House Brands CEO Kyle expressed optimism about California's future in the cannabis industry, highlighting the state's potential once regulatory constraints are removed. He noted the current challenges faced by retailers and brands in the cannabis market, advising investors to be cautious. Kyle also suggested that businesses relying on indoor cultivation and a large number of stores might need to reconsider their models to stay competitive.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 6:19 pm

PLNT

Planet Fitness Inc (NYSE:PLNT) reported a 1.4% year-over-year sales growth for Q4 fiscal 2023, with revenues of $285.1 million slightly beating consensus estimates. The company saw increases in system-wide same-store sales, franchise segment revenue, and corporate-owned store revenue, while equipment revenue declined. Operating costs decreased, and both operating income and adjusted EBITDA rose. Planet Fitness opened 77 new stores, ending the year with 2,575 stores. The company provided a positive outlook for 2024, expecting revenue, adjusted EBITDA, and adjusted EPS growth. CFO Tom Fitzgerald announced his retirement, and Christopher Rondeau resigned from the board due to disagreements. PLNT shares dropped 2.89% to $63.96.

Portfolio Pulse from Akanksha Bakshi

February 22, 2024 | 5:28 pm

T

AT&T has announced that three-quarters of its network has been restored, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 4:28 pm