Streetbeat News

Corporate Responsibility

DIS

The Disney Board has issued a letter to its shareholders, highlighting the company's strong performance and its dedication to enhancing long-term shareholder value. This move is indicative of Disney's proactive approach to communication with its investors and its focus on sustaining growth and profitability.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 10:47 pm

TSE

Trinseo anticipates a net loss from continuing operations of $77M-$67M and an Adjusted EBITDA of $40M-$50M for Q1 2024. Despite facing demand drops since Q3 2022 and macroeconomic uncertainties, the company expects improved sequential profitability in Q1 2024, attributed to stronger order loads. However, Q1 is seen as the year's low point due to seasonal factors and turnaround activities. Trinseo has undertaken cost reduction and manufacturing footprint initiatives, extended debt maturities to 2028, and plans to enhance manufacturing flexibility and invest in high-value products and sustainable solutions.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 9:49 pm

OGEN

Oragenics has announced a mutual separation agreement with CEO Kimberly Murphy, who will remain on the board of directors. Charlie Pope will serve as Executive Chairman, and Michael Redmond has been appointed as Interim Principal Executive Officer, effective February 12, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 9:44 pm

TRIP

Tripadvisor's stock is trading higher following the announcement that it has established a Special Committee of independent board members to assess proposals.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 9:36 pm

AEP

American Electric Power (AEP) has entered into an agreement with Icahn Capital L.P., leading to the addition of Hunter C. Gary and Henry P. Linginfelter to its board. The agreement includes customary standstill, voting commitments, and other provisions.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 9:34 pm

TRIP

Tripadvisor has established a special committee of independent board members to assess proposals, indicating potential strategic changes or transactions.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 9:33 pm

ETN

Eaton (NYSE:ETN) is advancing its manufacturing capabilities by integrating Industry 4.0 technology into its factories in Juarez, Mexico, and Changzhou, China, enhancing efficiency and sustainability. The company plans to expand its smart factory initiative to three more locations by the end of 2024, including in Austria, Brazil, and the U.S. These efforts are part of Eaton's commitment to modernize its manufacturing footprint, improve product quality, and reduce environmental impact.

Portfolio Pulse from Happy Mohamed

February 12, 2024 | 9:30 pm

STRL

Sterling Infrastructure, Inc. (NASDAQ:STRL) announced the planned retirement of CFO Ronald Ballschmiede in 2024. CEO Joe Cutillo praised Ballschmiede's contributions and confirmed a succession plan is in place, ensuring a smooth transition.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 9:25 pm

DLA

Delta Apparel announced its ongoing efforts to improve its balance sheet and streamline its cost structure and operations. The company is focused on managing liquidity and working capital, aiming to generate efficiencies and further streamline operations across all business aspects.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 9:17 pm

KMPR

Kemper Corporation (NYSE:KMPR) has appointed Bradley T. Camden as its new Executive Vice President and Chief Financial Officer, effective immediately. Camden, who has been serving as Interim CFO since September 2023, brings extensive financial leadership experience to the role. He joined Kemper in 2020 and has played a significant role in the company's strategic initiatives, capital market management, and risk management. Prior to Kemper, Camden spent 15 years at Northern Trust Asset Management in various finance leadership roles.

Portfolio Pulse from Happy Mohamed

February 12, 2024 | 9:11 pm