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Pastures of faith sowed seeds of Viera's growth

Pastures of faith sowed seeds of Viera's growth

Yahoo2 days ago
Andrew Duda had faith.
He had faith in America when he immigrated here in 1909 from his native Slovakia.
He had faith in the 1920s that he could turn 40 acres of Central Florida muckland that he had bought for $800 into profitable farmland.
In the 1940s, his sons had faith that 43,000 acres of scrubland in Brevard County they had just purchased could be turned into a thriving cattle ranch.
In the late 1980s, his descendants had faith that they could transform that same ranchland into a thriving new community of homes and businesses.
They decided to name that community "Viera," the Slovak word for faith.
It was a drumbeat of faith that kept them going — and growing — in more ways than one, for over a century in Central Florida.
Brevard's boom town
In the early 1990s, billboards at the Wickham Road exit of Interstate 95 read "Welcome to Viera: A New Town."
But all anybody likely would have seen at the time were brand-new roads leading through vast acres of cow pastures. If one squinted hard, they might have noticed the new government center and baseball stadium far off in the distance.
Now, nearly 40,000 people call Viera home. Projections are that twice as many will by 2045.
The development is one of the core reasons a recent national study ranked Brevard County's economy as one of the fastest-growing in the country for midsized communities and is projected to continue to rank high in the future. Viera is projected to almost double to a population of about 77,400 by 2045. The study by University of North Carolina and Fifth Third Bank found that the Space Coast had the highest growth rate among 100 midsized communities over the past five years, as measured by gross domestic project — the value of an area's goods and services.
Brevard also had the second-highest growth rate over the past decade. For the coming year, the study ranks the county's projected growth at No. 10 in the nation among 100 midsized areas.
"It's a special place," said Eva Rey, senior vice president for community management and communications at The Viera Co. "And I think people feel that, and it drives them there."
From veggies to Viera
The Dudas' dream began when Andrew Duda emigrated from Slovakia in 1909. He was among others fleeing economic plight and religious suppression in the Austro-Hungarian Empire.
Once discharged from the Czech Army, Andrew settled with friends and relatives in Cleveland. He worked as a carpenter to save for his dream of buying land in Florida and moving his family from Velečice, Czechoslovakia.
His faith kept him going. In 1912, Andrew and 11 other Czech immigrants journeyed to a 2,200-acre site near Oviedo in Seminole County. They joined others who founded the community of Slavia, just northwest of Brevard.
Andrew borrowed to buy 40 acres of rich muckland, at $20 an acre.
Then, in the summer of 1912, his dream came true. He was carrying buckets across a sandy road when his wife, Katarina, and their children arrived on wagon at their homestead, a few miles from today's Duda corporate headquarters.
The wagon's driver also had a telegram for Duda that the family had sent to announce they were coming to America. They had yet to learn English.
In Slavia at the time, there were a half-dozen shacks for sawmill workers and a church. The house the Dudas moved into had a dirt floor.
Most of the Duda family still lives in the area.
A crunchy no-frills vegetable helped build the Dudas' empire in Central Florida. Celery was among the first crops the Dudas tried in Seminole County. In Brevard, the Dudas would raise mostly cattle and grew sod that ultimately would turf one of Florida's fastest-growing areas.
Their first celery crop in Slavia went well, but three bad years followed. They went bust in 1916, so they went back to Cleveland. Andrew worked in a furniture factory, made payments on his Slavia property and set his family up on a small farm. He kept the faith. By 1926, the Dudas had saved $2,000 and, by 1928, returned to Florida.
Within a few years, they borrowed enough to buy a few hundred acres in Zellwood and Belle Glade, Florida. They'd expand their holdings in the 1930s, when Andrew bought land the state had foreclosed on. Further expansions in the 1940s and 1950s included the more-than-42,000-acre Duda Ranch in Brevard, and citrus and vegetable farms in Belle Glade.
Articles in 1951 in the Cocoa Tribune noted some had warned Andrew Duda that the land was "too wet" to raise cattle.
"But Mr. Duda reasoned otherwise," the article continued. "He figured that to grow cattle successfully you must have grass and to have grass you must have water." That, he had plenty of. He would drain it to his will.
What's in a name?
As Brevard grew in the 1980s, the Dudas envisioned a master-planned community on their ranch.
In 1989, they announced their master plan for Viera and broke ground for the Brevard County Educational Services Facility on land donated by The Viera Co. Dudas would donate additional lands for several other Brevard government buildings.
The name the family first considered for the new community was Duran, short for Duda Ranch.
But instead they chose Viera.
"What we finally decided on was not to name our project after our founder or a family name, but to name it after what we believe in," Joseph Duda, executive vice president for real estate at the time, told FLORIDA TODAY in 1989. "When my grandfather left Czechoslovakia, he came to this country, and one thing he had was faith. That is about all he had. He had a strong faith in the Lord and strong faith in this country, America."
FLORIDA TODAY readers also had voted 394-56 against the Duran name in a call-in poll earlier that year.
Years later, Duran would become a golf-course community within Viera, which would take steps to become certified by Audubon International by limiting chemicals and enacting environmentally friendly management practices.
A Sept. 24, 1989, story showcased Six Mile Creek, the first residents of Brevard's "city of the future" along 200 acres.
Now, about 38,700 people live in Viera, with about 77,400 expected by 2045.
There are challenges. Traffic is getting worse. Businesses like that, but those who live there, not so much.
The new developments weren't without oppositions, though.
Throughout much of the 20th century, Central Florida farmers like the Dudas drained the St. Johns floodplains to farm and stake claims on more land. Then, it was considered progress, but long-term environmental consequences were poorly understood.
The Clean Water Act and other environmental laws in the 1970s would temper the old ditch-drain-fill ways of creating more uplands from wetlands.
The late Leroy Wright and other activists with the nonprofit SAVE the St. Johns River Inc. fought for 15 years to have one dike removed that the Duda family had created just east of Lake Winder and west of Interstate 95 to drain land for farming.
In the 1990s, Duda had hoped to develop parts of a 14-mile stretch of riverfront along the St. Johns, which included the Moccasin Island area. Early plans envisioned 200,000 people in Viera, with condos along the shoreline of Lake Winder.
Wright and others fought for a state survey to determine what's called an "ordinary high water mark." That's the highest mark the water forms along the shoreline during the wet season, averaged over 20 years.
With Wright's urging, the Brevard County Commission in 1994 tried to require the ordinary high water mark survey before Duda could build any closer to the river than Viera's first phase of development. But the survey didn't happen. It might have lowered the land's per-acre worth, Wright suspected, if it resulted in more land being called wetlands.
In 1999, Duda would sell 14,137 acres, including the Moccasin Island area, to the St. Johns River Water Management District for $24.8 million for conservation and recreation.
Current plans are much more environmentally friendly than what was possible when Viera was first envisioned in the 1980s.
After negotiations with county and environmental officials, the overall development plan evolved to include a 5,200-acre wilderness park. It preserved large wetlands and made up for species impacted by the surrounding development, as well as to continue ongoing farming operations.
It's the open spaces — even the man-made ones — that lure many families here. The parks add to all the reasons Worawat Srimaart moved to new apartments southwest of Borrows West three years ago. This recent day, he brought his 2-year-old son, Davin, to Borrows West Park.
'I love it here," Srimaart said. "It's the best place to relax."
The Viera 'bubble'
Rey, The Viera Co.'s senior vice president, sees a bubble in Brevard, but not the bubble we typically imagine. It's more a defense mechanism against more extreme market swings, driven by a strong presence of the defense, space and tourism industries.
"There's almost like a dome over Brevard," Rey said. "The Space Coast has a great economic bubble here. I think we're a lot more insulated than a lot of other communities."
Viera's median household income is 30% higher than the rest of Florida, $103,016, compared with $76,993 in all of Brevard and $71,711 in all of Florida, according to The Viera Co.'s marketing research.
Among Viera's more than 13,200 employees, public employment is its largest employment sector, at 21.7%, with the prominence of government, educational and judicial facilities in the community.
Almost one in four working-age adults in Viera has a master's degree or higher.
"I think what really stands out is the level of education," Rey said. "You have a lot of white-collar here in Viera."
While other analysts show people leaving Florida and a glut of homes on the market, The Viera Co.'s research shows many still moving here from places associated with aerospace, such as Texas, Colorado and California
The Dudas always knew the area would take off. They kept the faith.
Andrew always did.
Waymer covers the environment. Contact him at 321-261-5903 or at jwaymer@floridatoday.com. Dave Berman and Tim Shortt contributed to this story.
This article originally appeared on Florida Today: Dudas' faith turns humble pastures into the Space Coast
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Sensata Technologies Appoints Andrew Lynch as Executive Vice President and Chief Financial Officer
Sensata Technologies Appoints Andrew Lynch as Executive Vice President and Chief Financial Officer

Business Wire

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  • Business Wire

Sensata Technologies Appoints Andrew Lynch as Executive Vice President and Chief Financial Officer

SWINDON, United Kingdom--(BUSINESS WIRE)--Sensata Technologies (NYSE: ST), a global industrial technology company and leading provider of sensors, sensor-rich solutions and electrical protection devices used in mission-critical systems to help its customers address increasingly complex engineering and operating performance requirements, today announced that Andrew Lynch has been named as Sensata's Chief Financial Officer, effective immediately. Mr. Lynch assumes leadership and oversight of Sensata's global financial activities. Stephan Von Schuckmann, CEO stated, 'Having originally joined Sensata in 2009, Andrew has a solid track record of successive promotions and significant contributions to the company and is perfectly suited for his new role as our Chief Financial Officer. In addition to his depth of experience, Andrew brings financial acumen, strategic insight, and focus. The Board and I are confident that Andrew will be a key contributor to our efforts to continuously improve financial results and build shareholder value over the long term.' Andrew Lynch, CFO said, 'I want to thank Stephan and the Board for this opportunity. I am excited to take on this new responsibility and I look forward to continuing to work with our leadership, customers, suppliers, and investors with whom I have built strong relationships over the years. We have significant value creation opportunities available to us, and with the right focus and rigor, I am confident that we can successfully capitalize on those opportunities.' About Andrew Lynch Mr. Lynch most recently served as Interim CFO. He previously served as Vice President, Finance for the Performance Sensing Segment since 2023 and has led Sensata's investor relations function since 2024. Previously, he was Vice President, Finance, for the Sensing Solutions Segment from 2021 to 2023. From 2019 to 2023 he served as regional CFO for Europe, where he was responsible for all finance and accounting matters across the region. In 2016 he was promoted to Finance Director for the HVOR business and later assumed additional responsibility for the Aerospace business. In 2011, he was promoted to Corporate Accounting Manager and in 2014 promoted to Integration Controller. He joined Sensata in 2009. Andrew holds a Bachelor of Science degree in Corporate Finance and Accounting from Bentley University. About Sensata Technologies Sensata Technologies is a global industrial technology company striving to create a safer, cleaner, more efficient and electrified world. Through its broad portfolio of mission-critical sensors, electrical protection components and sensor-rich solutions, Sensata helps its customers address increasingly complex engineering and operating performance requirements. 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Investors and others should carefully consider the foregoing factors and other uncertainties, risks, and potential events including, but not limited to, those described in Item 1A: Risk Factors in our most recent Annual Report on Form 10-K and as may be updated from time to time in Item 1A: Risk Factors in our quarterly reports on Form 10-Q or other subsequent filings with the United States Securities and Exchange Commission. All such forward-looking statements speak only as of the date they are made, and we do not undertake any obligation to update these statements other than as required by law.

Pastures of faith sowed seeds of Viera's growth
Pastures of faith sowed seeds of Viera's growth

Yahoo

time2 days ago

  • Yahoo

Pastures of faith sowed seeds of Viera's growth

Andrew Duda had faith. He had faith in America when he immigrated here in 1909 from his native Slovakia. He had faith in the 1920s that he could turn 40 acres of Central Florida muckland that he had bought for $800 into profitable farmland. In the 1940s, his sons had faith that 43,000 acres of scrubland in Brevard County they had just purchased could be turned into a thriving cattle ranch. In the late 1980s, his descendants had faith that they could transform that same ranchland into a thriving new community of homes and businesses. They decided to name that community "Viera," the Slovak word for faith. It was a drumbeat of faith that kept them going — and growing — in more ways than one, for over a century in Central Florida. Brevard's boom town In the early 1990s, billboards at the Wickham Road exit of Interstate 95 read "Welcome to Viera: A New Town." But all anybody likely would have seen at the time were brand-new roads leading through vast acres of cow pastures. If one squinted hard, they might have noticed the new government center and baseball stadium far off in the distance. Now, nearly 40,000 people call Viera home. Projections are that twice as many will by 2045. The development is one of the core reasons a recent national study ranked Brevard County's economy as one of the fastest-growing in the country for midsized communities and is projected to continue to rank high in the future. Viera is projected to almost double to a population of about 77,400 by 2045. The study by University of North Carolina and Fifth Third Bank found that the Space Coast had the highest growth rate among 100 midsized communities over the past five years, as measured by gross domestic project — the value of an area's goods and services. Brevard also had the second-highest growth rate over the past decade. For the coming year, the study ranks the county's projected growth at No. 10 in the nation among 100 midsized areas. "It's a special place," said Eva Rey, senior vice president for community management and communications at The Viera Co. "And I think people feel that, and it drives them there." From veggies to Viera The Dudas' dream began when Andrew Duda emigrated from Slovakia in 1909. He was among others fleeing economic plight and religious suppression in the Austro-Hungarian Empire. Once discharged from the Czech Army, Andrew settled with friends and relatives in Cleveland. He worked as a carpenter to save for his dream of buying land in Florida and moving his family from Velečice, Czechoslovakia. His faith kept him going. In 1912, Andrew and 11 other Czech immigrants journeyed to a 2,200-acre site near Oviedo in Seminole County. They joined others who founded the community of Slavia, just northwest of Brevard. Andrew borrowed to buy 40 acres of rich muckland, at $20 an acre. Then, in the summer of 1912, his dream came true. He was carrying buckets across a sandy road when his wife, Katarina, and their children arrived on wagon at their homestead, a few miles from today's Duda corporate headquarters. The wagon's driver also had a telegram for Duda that the family had sent to announce they were coming to America. They had yet to learn English. In Slavia at the time, there were a half-dozen shacks for sawmill workers and a church. The house the Dudas moved into had a dirt floor. Most of the Duda family still lives in the area. A crunchy no-frills vegetable helped build the Dudas' empire in Central Florida. Celery was among the first crops the Dudas tried in Seminole County. In Brevard, the Dudas would raise mostly cattle and grew sod that ultimately would turf one of Florida's fastest-growing areas. Their first celery crop in Slavia went well, but three bad years followed. They went bust in 1916, so they went back to Cleveland. Andrew worked in a furniture factory, made payments on his Slavia property and set his family up on a small farm. He kept the faith. By 1926, the Dudas had saved $2,000 and, by 1928, returned to Florida. Within a few years, they borrowed enough to buy a few hundred acres in Zellwood and Belle Glade, Florida. They'd expand their holdings in the 1930s, when Andrew bought land the state had foreclosed on. Further expansions in the 1940s and 1950s included the more-than-42,000-acre Duda Ranch in Brevard, and citrus and vegetable farms in Belle Glade. Articles in 1951 in the Cocoa Tribune noted some had warned Andrew Duda that the land was "too wet" to raise cattle. "But Mr. Duda reasoned otherwise," the article continued. "He figured that to grow cattle successfully you must have grass and to have grass you must have water." That, he had plenty of. He would drain it to his will. What's in a name? As Brevard grew in the 1980s, the Dudas envisioned a master-planned community on their ranch. In 1989, they announced their master plan for Viera and broke ground for the Brevard County Educational Services Facility on land donated by The Viera Co. Dudas would donate additional lands for several other Brevard government buildings. The name the family first considered for the new community was Duran, short for Duda Ranch. But instead they chose Viera. "What we finally decided on was not to name our project after our founder or a family name, but to name it after what we believe in," Joseph Duda, executive vice president for real estate at the time, told FLORIDA TODAY in 1989. "When my grandfather left Czechoslovakia, he came to this country, and one thing he had was faith. That is about all he had. He had a strong faith in the Lord and strong faith in this country, America." FLORIDA TODAY readers also had voted 394-56 against the Duran name in a call-in poll earlier that year. Years later, Duran would become a golf-course community within Viera, which would take steps to become certified by Audubon International by limiting chemicals and enacting environmentally friendly management practices. A Sept. 24, 1989, story showcased Six Mile Creek, the first residents of Brevard's "city of the future" along 200 acres. Now, about 38,700 people live in Viera, with about 77,400 expected by 2045. There are challenges. Traffic is getting worse. Businesses like that, but those who live there, not so much. The new developments weren't without oppositions, though. Throughout much of the 20th century, Central Florida farmers like the Dudas drained the St. Johns floodplains to farm and stake claims on more land. Then, it was considered progress, but long-term environmental consequences were poorly understood. The Clean Water Act and other environmental laws in the 1970s would temper the old ditch-drain-fill ways of creating more uplands from wetlands. The late Leroy Wright and other activists with the nonprofit SAVE the St. Johns River Inc. fought for 15 years to have one dike removed that the Duda family had created just east of Lake Winder and west of Interstate 95 to drain land for farming. In the 1990s, Duda had hoped to develop parts of a 14-mile stretch of riverfront along the St. Johns, which included the Moccasin Island area. Early plans envisioned 200,000 people in Viera, with condos along the shoreline of Lake Winder. Wright and others fought for a state survey to determine what's called an "ordinary high water mark." That's the highest mark the water forms along the shoreline during the wet season, averaged over 20 years. With Wright's urging, the Brevard County Commission in 1994 tried to require the ordinary high water mark survey before Duda could build any closer to the river than Viera's first phase of development. But the survey didn't happen. It might have lowered the land's per-acre worth, Wright suspected, if it resulted in more land being called wetlands. In 1999, Duda would sell 14,137 acres, including the Moccasin Island area, to the St. Johns River Water Management District for $24.8 million for conservation and recreation. Current plans are much more environmentally friendly than what was possible when Viera was first envisioned in the 1980s. After negotiations with county and environmental officials, the overall development plan evolved to include a 5,200-acre wilderness park. It preserved large wetlands and made up for species impacted by the surrounding development, as well as to continue ongoing farming operations. It's the open spaces — even the man-made ones — that lure many families here. The parks add to all the reasons Worawat Srimaart moved to new apartments southwest of Borrows West three years ago. This recent day, he brought his 2-year-old son, Davin, to Borrows West Park. 'I love it here," Srimaart said. "It's the best place to relax." The Viera 'bubble' Rey, The Viera Co.'s senior vice president, sees a bubble in Brevard, but not the bubble we typically imagine. It's more a defense mechanism against more extreme market swings, driven by a strong presence of the defense, space and tourism industries. "There's almost like a dome over Brevard," Rey said. "The Space Coast has a great economic bubble here. I think we're a lot more insulated than a lot of other communities." Viera's median household income is 30% higher than the rest of Florida, $103,016, compared with $76,993 in all of Brevard and $71,711 in all of Florida, according to The Viera Co.'s marketing research. Among Viera's more than 13,200 employees, public employment is its largest employment sector, at 21.7%, with the prominence of government, educational and judicial facilities in the community. Almost one in four working-age adults in Viera has a master's degree or higher. "I think what really stands out is the level of education," Rey said. "You have a lot of white-collar here in Viera." While other analysts show people leaving Florida and a glut of homes on the market, The Viera Co.'s research shows many still moving here from places associated with aerospace, such as Texas, Colorado and California The Dudas always knew the area would take off. They kept the faith. Andrew always did. Waymer covers the environment. Contact him at 321-261-5903 or at jwaymer@ Dave Berman and Tim Shortt contributed to this story. This article originally appeared on Florida Today: Dudas' faith turns humble pastures into the Space Coast Solve the daily Crossword

Amphenol Before Q2 Earnings: Here's Why You Should Buy the Stock
Amphenol Before Q2 Earnings: Here's Why You Should Buy the Stock

Yahoo

time3 days ago

  • Yahoo

Amphenol Before Q2 Earnings: Here's Why You Should Buy the Stock

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Amphenol Corporation Price and EPS Surprise Amphenol Corporation price-eps-surprise | Amphenol Corporation Quote Let's see how things have shaped up for the upcoming announcement. APH's Q2 Revenues to Grow Y/Y Amphenol's to-be-reported quarter's results are expected to have benefited significantly from sustained artificial intelligence (AI) infrastructure investments, continued defense modernization spending and the full-quarter contribution from the recently completed acquisition of the Andrew business.A robust order backlog heading into the quarter likely acted as an additional tailwind. Orders surged 58% year over year and 6% sequentially to $5.292 billion in the first quarter, resulting in a book-to-bill ratio of 1.1 to 1. This healthy order environment is expected to have translated into sustained revenue momentum for the second quarter. IT Datacom Segment to Drive Q2 Performance The IT datacom segment, which represented 33% of sales in the first quarter, saw 134% organic growth and is expected to remain the primary growth driver in the second quarter. APH has guided for high-single-digit sequential growth, reflecting continued acceleration in AI-related data center investments. Demand for high-speed and power interconnect products used in next-generation computing systems appears sustainable. Amphenol's broad exposure across hyperscalers, OEMs and chip manufacturers positions it well to capitalize on this unprecedented demand cycle. APH's technological leadership in both copper and fiber optic solutions offers multiple avenues for growth as AI infrastructure rollouts scale globally. Andrew Acquisition and Defense Strength to Boost Results The Andrew acquisition, which closed in early February, is expected to contribute meaningfully to second-quarter results. APH raised its full-year accretion forecast from 6 cents to 9 cents per share, driven by stronger integration progress and better early performance from the Andrew business. The Communications Networks segment, which houses Andrew's RF antenna and interconnect offerings, should benefit from a full-quarter revenue contribution, alongside healthy underlying demand from network operators and end-markets are also expected to remain a solid contributor, building on 21% year-over-year growth in the first quarter. Continued geopolitical uncertainty and rising global defense budgets are supporting strong demand across the company's rugged interconnect platforms. APH expects high-single-digit sequential growth in the segment, pointing to sustained momentum in military programs through the to-be-reported quarter. 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The shares of Methode Electronics, TE Connectivity and Littelfuse are trading at a forward 12-month P/E ratio of 21.77X, 20.04X and 21.95X, respectively. APH Valuation (Chart) Image Source: Zacks Investment Research Strategic Acquisitions Boost Long-Term Growth Prospects Amphenol's long-standing acquisitions strategy continues to strengthen its positioning in high-growth, application-specific markets. The recent LifeSync acquisition expanded APH's offering in medical interconnects, while the earlier CIT deal brought in Conesys, enhancing capabilities in ruggedized connectors for aerospace and defense. These additions reinforce Amphenol's edge in complex, high-reliability systems across critical a disciplined integration approach and focus on synergy-rich targets, APH has built a repeatable playbook that supports both revenue growth and margin stability. As electronic content continues to scale across industries, these strategic acquisitions remain central to Amphenol's long-term earnings visibility and end-market diversification. Here's Why Amphenol is a Buy Amphenol's AI-driven datacom strength, accretive acquisitions and steady demand in defense and military end-markets are supporting strong growth prospects. While the stock trades at a premium, consistent outperformance and exposure to structural trends justify the valuation. APH shares are currently trading above the 50-day and 200-day moving averages, indicating a bullish trend ahead of earnings. APH Trades Above 50-Day & 200-Day SMAs Image Source: Zacks Investment Research Amphenol currently has a Zacks Rank #2 (Buy), which implies investors should start accumulating the stock right now. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? 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