logo
LVMH to Sell Santa Barbara's El Encanto Hotel for $82.2 Million

LVMH to Sell Santa Barbara's El Encanto Hotel for $82.2 Million

Bloomberg07-07-2025
French luxury giant LVMH Moët Hennessey Louis Vuitton SE is selling its only US hotel, the El Encanto in Santa Barbara, California.
The 90-room property — in a coastal getaway northwest of Los Angeles — is being purchased by a partnership of brothers Justin and Tyler Mateen and Culver Capital, according to representatives for the buyers. The price is $82.2 million, they said.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Texas Instruments Inc (TXN) Q2 2025 Earnings Call Highlights: Strong Revenue Growth Amid Market ...
Texas Instruments Inc (TXN) Q2 2025 Earnings Call Highlights: Strong Revenue Growth Amid Market ...

Yahoo

time13 minutes ago

  • Yahoo

Texas Instruments Inc (TXN) Q2 2025 Earnings Call Highlights: Strong Revenue Growth Amid Market ...

Revenue: $4.4 billion, up 9% sequentially and 16% year-over-year. Analog Revenue Growth: 18% year-over-year. Embedded Processing Growth: 10% year-over-year. Other Segment Growth: 14% year-over-year. Gross Profit: $2.6 billion, 58% of revenue. Operating Expenses: $1.0 billion, up 5% year-over-year. Operating Profit: $1.6 billion, 35% of revenue, up 25% year-over-year. Net Income: $1.3 billion, $1.41 per share. Cash Flow from Operations: $1.9 billion in the quarter. Capital Expenditures: $1.3 billion in the quarter. Free Cash Flow: $1.8 billion on a trailing 12-month basis. Dividends Paid: $1.2 billion in the quarter. Stock Repurchases: $302 million in the quarter. Total Debt: $14.15 billion with a weighted average coupon of 4%. Inventory: $4.8 billion, 231 days, down 9 days sequentially. Third Quarter Revenue Guidance: $4.45 billion to $4.80 billion. Third Quarter EPS Guidance: $1.36 to $1.60. Warning! GuruFocus has detected 11 Warning Signs with TXN. Release Date: July 22, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Revenue for the second quarter was $4.4 billion, marking a 9% sequential increase and a 16% year-over-year growth. Analog revenue grew 18% year-over-year, and embedded processing grew 10%, indicating strong performance in key segments. Enterprise systems revenue increased by about 40% year-over-year, showcasing significant growth in this sector. Gross profit margin improved by 110 basis points sequentially, reaching 58% of revenue. The company returned $6.7 billion to shareholders over the past 12 months through dividends and stock repurchases. Negative Points Automotive market revenue decreased slightly sequentially and showed only mid-single-digit growth year-over-year, indicating a slower recovery in this segment. The company issued $1.2 billion of debt, increasing total debt outstanding to $14.15 billion. Inventory levels increased to $4.8 billion, with days of inventory at 231, which could indicate potential overstocking. Guidance for the third quarter suggests a typical seasonal quarter with revenue growth of only 11%, which is lower than previous expectations. Concerns about tariffs and geopolitical uncertainties continue to impact supply chains, adding complexity to future planning. Q & A Highlights Q: Can you explain the change in tone regarding the cyclical recovery and the impact of tariffs on your outlook? A: Haviv Ilan, CEO, explained that while the cyclical recovery is ongoing, with four out of five markets showing recovery, the automotive market remains shallow. The geopolitical environment, including tariffs, continues to create uncertainty, necessitating flexibility in operations. The company is prepared to support customers despite these challenges. Q: Are you expecting gross margins to decline in the next quarter despite revenue growth? A: Rafael Lizardi, CFO, clarified that gross margins are expected to remain flat despite higher depreciation costs. The net of other income and expenses, including interest expenses, will be unfavorable by about $20 million due to lower cash levels and increased debt interest expenses. Q: How is the industrial segment performing, particularly in light of trade and tariff concerns? A: Mike Beckman, Head of Investor Relations, noted that the industrial segment showed broad recovery across all sectors, continuing the trend from the first quarter. The recovery was not significantly impacted by tariff concerns. Q: What is the outlook for capital expenditures and depreciation for the coming years? A: Rafael Lizardi stated that there are no changes to the CapEx and depreciation framework. For 2025, CapEx is expected to be $5 billion, and for 2026, it will range between $2 billion and $5 billion. Depreciation for 2025 is expected to be between $1.8 billion and $2 billion, and for 2026, between $2.3 billion and $2.7 billion. Q: How is the automotive market performing, particularly in China, and is there any share loss? A: Haviv Ilan explained that the automotive market in China ran hot last year, and current dynamics are more about inventory correction rather than share loss. The automotive market has not yet shown signs of broad recovery, but it is expected to follow the industrial market's recovery pattern. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.

CTS Earnings: What To Look For From CTS
CTS Earnings: What To Look For From CTS

Yahoo

time16 minutes ago

  • Yahoo

CTS Earnings: What To Look For From CTS

Electronic components manufacturer CTS Corporation (NYSE:CTS) will be announcing earnings results this Thursday before the bell. Here's what you need to know. CTS missed analysts' revenue expectations by 2.3% last quarter, reporting revenues of $125.8 million, flat year on year. It was a slower quarter for the company, with a significant miss of analysts' EPS estimates. Is CTS a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting CTS's revenue to grow 1.9% year on year to $132.7 million, a reversal from the 10.3% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.55 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Looking at CTS's peers in the tech hardware & electronics segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Jabil delivered year-on-year revenue growth of 15.7%, beating analysts' expectations by 11.2%, and TD SYNNEX reported revenues up 7.2%, topping estimates by 4.4%. Jabil traded up 13.1% following the results while TD SYNNEX was also up 7.9%. Read our full analysis of Jabil's results here and TD SYNNEX's results here. There has been positive sentiment among investors in the tech hardware & electronics segment, with share prices up 5.1% on average over the last month. CTS is down 3.5% during the same time and is heading into earnings with an average analyst price target of $43 (compared to the current share price of $40.71). Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.

Stock Market Today: Dow Futures Rise After U.S.-Japan Trade Deal — Live Updates
Stock Market Today: Dow Futures Rise After U.S.-Japan Trade Deal — Live Updates

Wall Street Journal

time18 minutes ago

  • Wall Street Journal

Stock Market Today: Dow Futures Rise After U.S.-Japan Trade Deal — Live Updates

Stock futures and global markets rose early Wednesday on the news of a U.S.-Japan trade agreement , hot on the heels of America reaching trade pacts with the Philippines and Indonesia. The U.S. will levy so-called reciprocal tariffs of 15% on Japan, President Trump said on Truth Social, with Japan to invest $550 billion in America. Earnings season continues, with results due from Google parent Alphabet and Tesla after the market close. Futures for the Dow industrials, S&P 500 and Nasdaq-100 all gained. On Tuesday, the S&P hit another all-time record. Japan's Nikkei 225 jumped 3.5%. European and other Asian indexes saw smaller gains. Treasury yields rose. The yield on 10-year notes topped 4.37%. Gold futures held around record highs, boosted by a weak dollar.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store