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Telos Corporation Awarded $14M Contract with the Defense Information Systems Agency

Telos Corporation Awarded $14M Contract with the Defense Information Systems Agency

ASHBURN, Va., June 04, 2025 (GLOBE NEWSWIRE) -- Telos Corporation (NASDAQ: TLS), a leading provider of cyber, cloud and enterprise security solutions for the world's most security-conscious organizations, today announced that it was awarded the Defense Information System Agency (DISA) Organizational Messaging Branch contract in support of the DISA Organizational Messaging Service (OMS) Telos Automated Message Handling System (AMHS) product sustainment and support services. The contract is valued at $14 million over five years.
DISA provides a range of assured messaging and directory services to the military, Joint Staff, Secretary of Defense, the Department of Defense, Combatant Commands, non-DoD U.S. Government Agencies, Intelligence Community, North Atlantic Treaty Organization (NATO), coalition and allied mission partners. The OMS program includes securely exchanging authorized official information between organizations and supporting interoperability between all customer communities operating in both strategic and tactical environments.
'DISA has been a valued partner for many years, and we are excited to continue enhancing their communication capabilities,' said John B. Wood, CEO and chairman of Telos. 'Ensuring the prompt and secure delivery of messages is crucial for effective military operations, and we are proud to contribute to this vital mission.'
The Telos Automated Message Handling System solution supports many organizations around the world – including the Office of the Army, U.S. Marine Corps, Department of Homeland Security, Department of Commerce, and multiple Defense and Intelligence Agencies as well as the FVEY countries – leveraging their existing investments in secure messaging for reliable, secure command and control-related information exchange. Telos AMHS meets current and proposed requirements for official messaging standards, making it ideal to support all official messaging requirements, and offers support for tactically deployed organizations through the existing OMS environment as well as the IC ITS format through the Joint Worldwide Intelligence Communications System (JWICS) and the SIPRNet OMS-JMS environment.
About Telos Corporation
Telos Corporation (NASDAQ: TLS) empowers and protects the world's most security-conscious organizations with solutions for continuous security assurance of individuals, systems, and information. Telos' offerings include cybersecurity solutions for IT risk management and information security; cloud security solutions to protect cloud-based assets and enable continuous compliance with industry and government security standards; and enterprise security solutions for identity and access management, secure mobility, organizational messaging, and network management and defense. The company serves commercial enterprises, regulated industries and government customers around the world.
Forward-Looking Statements
This press release contains forward-looking statements which are made under the safe harbor provisions of the federal securities laws. These statements are based on the Company's management's current beliefs, expectations and assumptions about future events, conditions and results and on information currently available to them. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. The Company believes that these risks and uncertainties include, but are not limited to, those described under the captions 'Risk Factors' and 'Management's Discussion and Analysis of Financial Condition and Results of Operations' set forth from time to time in the Company's filings and reports with the U.S. Securities and Exchange Commission (SEC), including its Annual Report on Form 10-K for the year ended December 31, 2024, as well as future filings and reports by the Company, copies of which are available at https://investors.telos.com and on the SEC's website at www.sec.gov.
Although the Company bases these forward-looking statements on assumptions that its management believes are reasonable when made, the Company cautions the reader that forward-looking statements are not guarantees of future performance and that the Company's actual results of operations, financial condition and liquidity, and industry developments, may differ materially from statements made in or suggested by the forward-looking statements contained in this release. Given these risks, uncertainties and other factors, many of which are beyond its control, the Company cautions the reader not to place undue reliance on these forward-looking statements. Any forward-looking statement speaks only as of the date of such statement and, except as required by law, the Company undertakes no obligation to update any forward-looking statement publicly, or to revise any forward-looking statement to reflect events or developments occurring after the date of the statement, even if new information becomes available in the future. Comparisons of results for current and any prior periods are not intended to express any future trends or indications of future performance, unless specifically expressed as such, and should only be viewed as historical data.
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ARM Holdings reports soft guidance after mixed fiscal Q1 results; shares slump

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Cactus Announces Second Quarter 2025 Results
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Cactus Announces Second Quarter 2025 Results

HOUSTON--(BUSINESS WIRE)--Cactus, Inc. (NYSE: WHD) ('Cactus' or the 'Company') today announced financial and operating results for the second quarter of 2025. Second Quarter Highlights Revenue of $273.6 million and operating income of $60.8 million; Net income of $49.0 million and diluted earnings per Class A share of $0.59; Adjusted net income (1) of $53.2 million and diluted earnings per share, as adjusted (1) of $0.66; Net income margin of 17.9% and adjusted net income margin (1) of 19.5%; Adjusted EBITDA (2) and Adjusted EBITDA margin (2) of $86.7 million and 31.7%, respectively; Cash flow from operations of $82.8 million; Cash and cash equivalents of $405.2 million, with no bank debt outstanding as of June 30, 2025; Signed an agreement to acquire a 65% majority interest in Baker Hughes' Surface Pressure Control business; and In July 2025, the Board of Directors approved an 8% increase in the dividend to $0.14 per Class A share per quarter and declared a quarterly dividend of that amount. 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(2) Adjusted EBITDA and Adjusted EBITDA margin are non-GAAP financial measures. See the definitions of these measures and the reconciliation of GAAP to non-GAAP financial measures in the Supplemental Information tables. (3) Operating income reflects certain expenses related to the FlexSteel acquisition, including expenses related to the remeasurement of the earn-out liability associated with the FlexSteel acquisition and intangible amortization expenses related to purchase price accounting. See the reconciliation of GAAP to non-GAAP financial measures in the Supplemental Information tables for further details. Expand Scott Bender, CEO and Chairman of the Board of Cactus, commented, 'Our second quarter performance highlights the benefits of portfolio diversification achieved through the FlexSteel acquisition, as cash flows and revenues remained resilient despite falling U.S. land activity levels. 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Cactus designs, manufactures, sells or rents a range of highly engineered pressure control and spoolable pipe technologies. Its products are sold and rented principally for onshore unconventional oil and gas wells and are utilized during the drilling, completion and production phases of its customers' wells. In addition, it provides field services for its products and rental items to assist with the installation, maintenance and handling of the equipment. Cactus operates service centers throughout North America and Australia, while also providing equipment and services in select international markets. Cautionary Statement Concerning Forward-Looking Statements Certain statements contained in this press release and oral statements made regarding the matters addressed in this release constitute 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. 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Condensed Consolidated Statements of Cash Flows (unaudited) Six Months Ended June 30, 2025 2024 (in thousands) Cash flows from operating activities Net income $ 103,152 $ 112,874 Reconciliation of net income to net cash provided by operating activities Depreciation and amortization 31,564 30,047 Deferred financing cost amortization 559 560 Stock-based compensation 12,371 10,373 Provision for expected credit losses 300 589 Inventory obsolescence 902 3,035 Gain on disposal of assets (389 ) (1,674 ) Deferred income taxes 12,775 7,915 Change in fair value of earn-out liability — 16,180 Changes in operating assets and liabilities: Accounts receivable (15,715 ) (358 ) Inventories (20,253 ) (4,340 ) Prepaid expenses and other assets (1,009 ) 429 Accounts payable 11,175 (8,577 ) Accrued expenses and other liabilities (11,052 ) 12,442 Payments pursuant to tax receivable agreement — (15,277 ) Net cash provided by operating activities 124,380 164,218 Cash flows from investing activities Investment in unconsolidated affiliate (6,000 ) — Capital expenditures and other (22,168 ) (17,371 ) Proceeds from sales of assets 1,661 3,317 Net cash used in investing activities (26,507 ) (14,054 ) Cash flows from financing activities Payments on finance leases (3,940 ) (3,954 ) Dividends paid to Class A common stock shareholders (18,153 ) (16,135 ) Distributions to members (8,743 ) (8,617 ) Repurchases of shares (5,710 ) (8,489 ) Net cash used in financing activities (36,546 ) (37,195 ) Effect of exchange rate changes on cash and cash equivalents 1,007 (258 ) Net increase in cash and cash equivalents 62,334 112,711 Cash and cash equivalents Beginning of period 342,843 133,792 End of period $ 405,177 $ 246,503 Expand Cactus, Inc. – Supplemental Information Reconciliation of GAAP to non-GAAP Financial Measures Adjusted net income, diluted earnings per share, as adjusted and adjusted net income margin (unaudited) Adjusted net income, diluted earnings per share, as adjusted and adjusted net income margin are not measures of net income as determined by GAAP but they are supplemental non-GAAP financial measures that are used by management and external users of the Company's consolidated financial statements. Cactus defines adjusted net income as net income assuming Cactus, Inc. held all units in its operating subsidiary at the beginning of the period, with the resulting additional income tax expense related to the incremental income attributable to Cactus, Inc. Adjusted net income also includes certain other adjustments described below. Cactus defines diluted earnings per share, as adjusted as Adjusted net income divided by weighted average shares outstanding, as adjusted. Cactus defines Adjusted net income margin as Adjusted net income divided by total revenue. The Company believes this supplemental information is useful for evaluating performance period over period. (1) Represents non-routine charges related to severance benefits. (2) Reflects transaction fees and expenses recorded in connection with the announced acquisition of a majority interest in Baker Hughes' Surface Pressure Control business. (3) Reflects amortization expense associated with the step-up in intangible value due to purchase price accounting. (4) Represents adjustments for the remeasurement of the earn-out liability associated with the FlexSteel acquisition. (5) Represents the increase or decrease in tax expense as though Cactus, Inc. owned 100% of its operating subsidiary at the beginning of the period, calculated as the difference in tax expense recorded during each period and what would have been recorded, adjusted for pre-tax items listed above, based on a corporate effective tax rate of 25% on income before income taxes for the three months ended June 30, 2025 and March 31, 2025, and 26.0% for the three months ended June 30, 2024. (6) Reflects 68.5, 68.2, and 66.1 million weighted average shares of basic Class A common stock outstanding and 11.3, 11.4 and 13.4 million additional shares for the three months ended June 30, 2025, March 31, 2025, and June 30, 2024, respectively, as if the weighted average shares of Class B common stock were exchanged and cancelled for Class A common stock at the beginning of the period, plus the effect of dilutive securities. Expand Cactus, Inc. – Supplemental Information Reconciliation of GAAP to non-GAAP Financial Measures EBITDA, Adjusted EBITDA and Adjusted EBITDA margin (unaudited) EBITDA, Adjusted EBITDA and Adjusted EBITDA margin are not measures of net income as determined by GAAP but are supplemental non-GAAP financial measures that are used by management and external users of the Company's consolidated financial statements, such as industry analysts, investors, lenders and rating agencies. Cactus defines EBITDA as net income excluding net interest, income tax and depreciation and amortization. Cactus defines Adjusted EBITDA as EBITDA excluding the other items outlined below. Cactus management believes EBITDA and Adjusted EBITDA are useful because they allow management to more effectively evaluate the Company's operating performance and compare the results of its operations from period to period without regard to financing methods or capital structure, or other items that impact comparability of financial results from period to period. EBITDA and Adjusted EBITDA should not be considered as alternatives to, or more meaningful than, net income or any other measure as determined in accordance with GAAP. The Company's computations of EBITDA and Adjusted EBITDA may not be comparable to other similarly titled measures of other companies. Cactus defines Adjusted EBITDA margin as Adjusted EBITDA divided by total revenue. Cactus presents this supplemental information because it believes it provides useful information regarding the factors and trends affecting the Company's business. Three Months Ended Six Months Ended June 30, March 31, June 30, June 30, 2025 2025 2024 2025 2024 (in thousands) Net income $ 49,047 $ 54,105 $ 63,059 $ 103,152 $ 112,874 Interest income, net (2,518 ) (2,325 ) (1,405 ) (4,843 ) (2,094 ) Income tax expense 14,276 16,832 18,165 31,108 31,589 Depreciation and amortization 15,886 15,678 15,001 31,564 30,047 EBITDA 76,691 84,290 94,820 160,981 172,416 Severance expenses (1) 177 — — 177 — Transaction related expenses (2) 3,502 3,487 — 6,989 — Remeasurement loss on earn-out liability (3) — — 2,876 — 16,180 Stock-based compensation 6,307 6,064 5,941 12,371 10,373 Adjusted EBITDA $ 86,677 $ 93,841 $ 103,637 $ 180,518 $ 198,969 Revenue $ 273,575 $ 280,319 $ 290,389 $ 553,894 $ 564,512 Net income margin 17.9 % 19.3 % 21.7 % 18.6 % 20.0 % Adjusted EBITDA margin 31.7 % 33.5 % 35.7 % 32.6 % 35.2 % Expand (1) Represents non-routine charges related to severance benefits. (2) Reflects transaction fees and expenses recorded in connection with the announced acquisition of a majority interest in Baker Hughes' Surface Pressure Control business. (3) Represents adjustments for the remeasurement of the earn-out liability associated with the FlexSteel acquisition. Expand Cactus, Inc. – Supplemental Information Reconciliation of GAAP to non-GAAP Financial Measures Adjusted Segment EBITDA and Adjusted Segment EBITDA margin (unaudited) Adjusted Segment EBITDA and Adjusted Segment EBITDA margin are not measures of net income as determined by GAAP but are supplemental non-GAAP financial measures that are used by management and external users of the Company's consolidated financial statements, such as industry analysts, investors, lenders and rating agencies. Cactus defines Adjusted Segment EBITDA as segment operating income excluding depreciation and amortization and the other items outlined below, in each case, that are attributable to the segment. Cactus management believes Adjusted Segment EBITDA is useful because it allows management to more effectively evaluate the Company's segment operating performance and compare the results of its segment operations from period to period without regard to financing methods or capital structure, or other items that impact comparability of financial results from period to period. Adjusted Segment EBITDA should not be considered as an alternative to, or more meaningful than, net income or any other measure as determined in accordance with GAAP. The Company's computations of Adjusted Segment EBITDA may not be comparable to other similarly titled measures of other companies. Cactus defines Adjusted Segment EBITDA margin as Adjusted Segment EBITDA divided by total segment revenue. Cactus presents this supplemental information because it believes it provides useful information regarding the factors and trends affecting the Company's business.

Fossil Group, Inc. Announces Date for Second Quarter 2025 Earnings Release and Conference Call
Fossil Group, Inc. Announces Date for Second Quarter 2025 Earnings Release and Conference Call

Yahoo

time23 minutes ago

  • Yahoo

Fossil Group, Inc. Announces Date for Second Quarter 2025 Earnings Release and Conference Call

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