U.S. Ski & Snowboard, Stifel Extend Groundbreaking Title Partnership Through 2034
Under the renewed agreement, Stifel will be the title partner of the Stifel U.S. Ski Team, supporting the alpine, cross country, freeski, moguls, aerials, ski jumping, nordic combined and Para alpine teams, as well as the exclusive financial services partner of U.S. Ski & Snowboard.
'As we look ahead to three Olympic and Paralympic Games, including a home Salt Lake City-Utah 2034 Games, this extended partnership with Stifel represents a generational investment in our teams and our athletes,' said Sophie Goldschmidt, President and CEO of U.S. Ski & Snowboard. 'Stifel's support has also enabled us to implement innovative new initiatives that are having a direct impact on the organization. From World Cup podiums to grassroots development, Stifel's belief in the power of sport and our athletes has been a game-changer.'
Since launching the partnership in 2022, Stifel's support of U.S. Ski & Snowboard has driven record-breaking performances, increased the visibility of U.S. athletes and fueled the growth of competitive skiing in the U.S. Over the initial three years of partnership, the Stifel U.S. Ski Team has achieved historic success both athletically and as an organization.
Organizationally, U.S. Ski & Snowboard has expanded its World Cup footprint in North America with the support of Stifel, bringing the total amount of World Cups from four to a record 11 in 2024-25. In the same season, the organization's streaming and broadcast audience has doubled, earned media surpassed 30 billion impressions and social media impressions increased 70%.
2024 was also a record-breaking year for Stifel, highlighting the strength and balance of a diversified business model, achieving net revenues of $4.97 billion, the highest in the firm's history, and delivering a 23% return on average tangible equity, with non-GAAP net earnings of $756 million, or $6.81 per share – a 46% increase from the prior year. And finally, over the year, Stifel's share price increased 56.4%.
'The news of Stifel's renewal as title sponsor of the Stifel U.S. Ski Team is so incredible,' said two-time Olympic champion Mikaela Shiffrin. 'Ron (Kruszewski, Chairman and CEO of Stifel) and Stifel have shown amazing support for snow sports and are truly invested in the stories of our athletes and the growth of our sports, which has translated into more success on the mountain.'
'Stifel has opened up so many opportunities for us as athletes and humans looking to reach our full potential, and I am so grateful for their support and proud to be part of their team,' said Olympic champion cross country skier Jessie Diggins. 'Their commitment to helping us reach the top level is incredible and makes all the difference!'
'The Stifel U.S. Ski Team partnership continuation is monumental for both parties,' said two-time Olympic medalist freeskier Alex Ferreira. 'It is where success meets success. I am humbled and grateful to benefit from all sides.'
Stifel also launched innovative programs around the increased domestic World Cup events, including the Stifel HERoic Cup, designed around U.S. Ski & Snowboard's HERoic initiative celebrating women's sport. Stifel also invested in the Stifel Bibbo Award for the athlete who moves up the most in ranks in alpine World Cup races, and continues to support the Stifel Success Tour, development-level NorAm races in the U.S. that feed the Stifel U.S. Ski Team pipeline. Additionally, Stifel supported the Stifel Snow Show, a weekly series on CNBC, Peacock and YouTube that highlighted the achievements and stories of U.S. Ski & Snowboard athletes each week throughout the season.
The Stifel brand will remain prominently displayed on team uniforms and event signage at US events, along with a continuation of the Stifel U.S. Ski Team branding across digital and broadcast platforms. Stifel will also support a new performance bonus program for athletes and coaches based on key results during the season.
'This partnership is about helping athletes reach their full potential,' said Ron Kruszewski, Chairman and CEO of Stifel. 'As the firm Where Success Meets Success, we believe in backing those who strive for excellence—and that's exactly what these athletes do, every day. We're proud to support them not only as champions on the podium, but as role models, teammates and leaders who inspire us all.'
QUOTES
Mikaela Shiffrin, Stifel U.S. Alpine Ski Team
The news of Stifel's renewal as title sponsor of the Stifel U.S. Ski Team is so incredible. Ron and Stifel have shown amazing support for snow sports and truly are invested in the stories of our athletes and the growth of our sports which has translated into more success on the mountain.
Jessie Diggins, Stifel U.S. Cross Country Ski Team
Stifel has opened up so many opportunities for us as athletes and humans looking to reach our full potential, and I am so grateful for their support and proud to be part of their team. Their commitment to helping us reach the top level is incredible and makes all the difference!
Alex Ferreira, Stifel U.S. Freeski Team
The Stifel U.S. Ski Team partnership continuation is monumental for both parties. It is where success meets success. I am humbled and grateful to benefit from all sides.
Nick Page, Stifel U.S. Freestyle Ski Team
Thank you Stifel for all of your support - it means the world to have you in our corner and on our team. I'm looking forward to the future and our continued success in 2026.
Niklas Malacinski, Stifel U.S. Nordic Combined Team
Having Stifel step up as the title sponsor of the Stifel U.S. Nordic Combined Team means the world to us. It's not just an investment in our sport but it's a belief in our potential. Their support gives us the opportunity to focus on training and competition so we can be at our best. We're proud to wear their name and represent the U.S. with everything we've got.
Andrew Kurka, Stifel U.S. Para Alpine Ski Team
Stifel has been huge supporter of the Para alpine team. Helping fund our development, pipeline and giving us the support we need to pursue our careers as athletes. Most Para sports aren't seen as equal opportunity athletic endeavors. But the fact that Stifel stands behind us, helping to fund our team. Shows they see the big picture and treat athletes on the US Ski team as more than just philanthropic endeavors.
Tate Frantz, Stifel U.S. Ski Jumping Team
Having Stifel come on as a title sponsor is a huge boost for our team. Their support means we can keep pushing the limits and representing our country at the highest level. It's exciting to have a partner that believes in our journey and wants to be part of the ride.
ABOUT STIFEL
Stifel Financial Corp. (NYSE: SF) is a financial services holding company headquartered in St. Louis, Missouri, that conducts its banking, securities, and financial services business through several wholly owned subsidiaries. Stifel's broker-dealer clients are served in the United States through Stifel, Nicolaus & Company, Incorporated, including its Eaton Partners business division; Keefe, Bruyette & Woods, Inc.; Miller Buckfire & Co., LLC; and Stifel Independent Advisors, LLC; and in the United Kingdom and Europe through Stifel Nicolaus Europe Limited. The Company's broker-dealer affiliates provide securities brokerage, investment banking, trading, investment advisory, and related financial services to individual investors, professional money managers, businesses, and municipalities. Stifel Bank and Stifel Bank & Trust offer a full range of consumer and commercial lending solutions. Stifel Trust Company, N.A. and Stifel Trust Company Delaware, N.A. offer trust and related services. To learn more about Stifel, please visit the Company's website at www.stifel.com.
ABOUT U.S. SKI & SNOWBOARD
U.S. Ski & Snowboard is the Olympic and Paralympic National Governing Body of ski and snowboard sports in the USA, based in Park City, Utah. Started in 1905, the organization now represents nearly 240 elite skiers and snowboarders competing on 10 teams: alpine, cross country, freestyle moguls, freestyle aerials, snowboard, freeski, nordic combined, ski jumping, Para alpine and Para snowboard. In addition to the elite teams, U.S. Ski & Snowboard also provides leadership and direction for tens of thousands of young skiers and snowboarders across the USA, encouraging and supporting them in achieving excellence. By empowering national teams, clubs, coaches, parents, officials, volunteers and fans, U.S. Ski & Snowboard is committed to the progression of its sports, athlete success and the value of team. For more information, visit www.usskiandsnowboard.org
FOR MORE INFORMATION
Courtney Harkins
U.S. Ski & Snowboard, Director of Marketing & Communications
[email protected]
Rhett Geraghty
Stifel, Director, Advisor Recruiting & Brand Marketing
[email protected]
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
22 minutes ago
- Yahoo
Gildan Activewear Inc (GIL) Q2 2025 Earnings Call Highlights: Record Sales and Strategic Growth ...
Release Date: July 31, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Gildan Activewear Inc (NYSE:GIL) reported record second quarter sales of $919 million, up 6.5% year-over-year, driven by strong activewear sales growth of 12%. The company achieved a record adjusted diluted EPS of $0.97, marking a 31% increase year-over-year, reflecting a focus on profitable growth. Gildan Activewear Inc (NYSE:GIL) continues to gain market share in key growth categories, supported by strong demand for existing brands and new brand offerings. The company's Bangladesh facility is fully ramped up, contributing to operational efficiency and cost advantages. Gildan Activewear Inc (NYSE:GIL) has been recognized for its commitment to sustainable practices, being named one of Canada's best 50 corporate citizens and featured among Time's world's most sustainable companies. Negative Points International sales were down by 14% year-over-year due to moderated demand in Europe and persistent softness in Asia. Hosiery and underwear sales decreased by 23% compared to the prior year, impacted by broad-based market demand softness and program resets. Operating cash flow decreased to $46 million in the first half of 2025 from $113 million in the first half of 2024, primarily due to higher working capital investments. The company faces challenges from tariffs, although it has implemented pricing actions to mitigate the impact. There is ongoing uncertainty in the macroeconomic environment, which could affect future performance and market conditions. Q & A Highlights Warning! GuruFocus has detected 5 Warning Sign with ELMTY. Q: Can you quantify the shifts in sales from Q3 to Q4 and discuss the impact on the underwear and hosiery business, including the Nike sock pause and the exit from Under Armour? A: (CFO) The second quarter was strong, with activewear sales up 12% year over year. Some sales shifted from Q3 to Q4 due to pricing actions. We expect mid-single-digit growth when combining Q2 and Q3. The underwear and hosiery segment faced headwinds like delayed store sets and market softness, but we anticipate improvement throughout the year. The shifts are not structural and should resolve over time. Q: What changes in the industry landscape are driving momentum in the activewear business, and what opportunities do you see going forward? A: (COO) The industry is experiencing changes due to tariffs and economic conditions, leading customers to seek stable suppliers. Our vertically integrated manufacturing provides stability. We are gaining market share in key categories like ringspun and Comfort Colors. Our US cotton and yarn content offer a competitive advantage against tariffs, and we are adding capacity in Central America to capitalize on future opportunities. Q: How much can you increase throughput in Honduras, and what is the timing and magnitude of this opportunity? A: (CEO) We are adding capacity within existing facilities, expecting a 10% increase overall. This expansion will be completed this year, allowing us to handle future demand and take advantage of tariff-related opportunities. Q: Is the Bangladesh facility running at optimal efficiency, and how do you view its cost savings in various tariff scenarios? A: (CEO) The Bangladesh facility is fully ramped up, contributing to operating margin expansion. We are using US cotton to offset tariff impacts and have flexibility in our supply chain to mitigate tariffs. We are well-positioned to leverage our low-cost manufacturing and innovation pipeline. Q: Can you expand on the pricing actions taken in response to tariff pressures and how competitors have responded? A: (CEO) Pricing varies by customer and product category, with sequential rollouts. The impact is not substantial due to our cost structure. Competitors face similar issues, and we have a competitive advantage with our vertically integrated manufacturing. Price increases are minimal compared to the overall value chain, and we are well-positioned to navigate these challenges. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Yahoo
22 minutes ago
- Yahoo
Why AES Stock Popped Today
Key Points Electric utility AES beat on earnings but missed on sales last night. The electric utility reported positive adjusted profits -- but a GAAP loss for Q2. AES pays a great dividend and will probably grow fast enough to justify its share price. 10 stocks we like better than The AES Corporation › Electric utility stock The AES Corporation (NYSE: AES) is continuing to bob and weave, eluding the market downturn that's hit so many other stocks today. And what is AES's secret? Earnings. AES beat forecast earnings last night, earning $0.51 per share instead of the forecast $0.40 (although it missed on revenue, which was only $2.9 billion). Shares of AES were up more than 6% at one point today, and they're hanging on to a slim 1.2% gain as of 1:55 p.m. ET. AES Q2 earnings Not all the news is good, however, and there may be reasons for AES to continue retreating -- beyond the obvious: "Trump raised tariffs again." Digging into the report, it turns out that while AES delivered better-than-expected adjusted (i.e., non-GAAP) earnings, its results according to generally accepted accounting principles showed a $0.15-per-share loss. Management blamed the bulk of the loss on "sales type leases at AES Clean Energy Development." The company also noted that everything from "lower margins from the Energy Infrastructure Strategic Business Unit" to "monetization of the Warrior Run coal plant PPA" weighed on results. The short answer, though, is that AES lost money in the quarter. That's not good news. Should you buy AES stock? Also less than good is the fact that AES couched its forward guidance in similarly flexible "adjusted earnings" terms. AES says it will probably earn $2.10 to $2.26 this year. Analysts polled by S&P Global Market Intelligence, however, think that will translate into no more than $1.69 per share in GAAP earnings. Still, with AES stock costing only $13 today, that works out to a P/E ratio of less than 8. For a 5.4% dividend payer with a projected 8% long-term growth rate, that's probably cheap enough to buy. Should you buy stock in The AES Corporation right now? Before you buy stock in The AES Corporation, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and The AES Corporation wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $625,254!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,090,257!* Now, it's worth noting Stock Advisor's total average return is 1,036% — a market-crushing outperformance compared to 181% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 29, 2025 Rich Smith has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why AES Stock Popped Today was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Axios
24 minutes ago
- Axios
Inside Bay Area preparations for the 2026 World Cup
Over a million people are expected to descend upon the Bay Area next summer for six FIFA World Cup matches at Levi's Stadium in Santa Clara, and local officials are at work to ensure everything runs smoothly. Why it matters: The games, which will take place mere months after the Bay Area hosts the Super Bowl, are projected to generate up to $360 million in economic activity across the entire region. State of play: The Bay Area Host Committee (BAHC), an organization first formed ahead of the 2016 Super Bowl, is tasked with overseeing the execution of World Cup events, which will include five group stage matches and one round of 32 knockout match. Their goal is twofold, BAHC president and CEO Zaileen Janmohamed told Axios: Fundraise enough money to cover all expenses, and work with nine counties and over 100 cities to maximize economic impact. Behind the scenes: Officials said in December that the World Cup will cost Santa Clara an estimated $45-50 million. But BAHC is expected to cover those costs, including stadium modifications, security and equipment needs, per an agreement with the city. The 49ers have agreed to backstop funds related to stadium renovations if BAHC is unable to cover all costs. BAHC is also receiving $10 million in state funding for public safety needs. What they're saying:"This is historic and unprecedented, and no one has ever done it before, and therefore there's no template on how to do it," Janmohamed told Axios. "We will be the epicenter of sport." Though she declined to provide a specific target fundraising figure, Janmohamed said, "We have a lot of energy in the marketplace." San José, which borders Santa Clara, is working to raise a few million dollars for concerts, drone shows and watch parties downtown, which will serve as a "centerpiece for the fan experience," Mayor Matt Mahan told Axios. Local officials are also developing a QR code and app to help visitors navigate community events, Mahan said. "We want to build a seamless experience" from San Francisco to South Bay, he added. Charles Lutvak, spokesperson for San Francisco Mayor Daniel Lurie, did not provide details about the city's World Cup preparations but said they "expect to welcome tens of thousands of fans."
