Latest news with #AnnualReport
Business Upturn
2 hours ago
- Business
- Business Upturn
Subsea7 awarded substantial contract
By GlobeNewswire Published on July 23, 2025, 21:21 IST Luxembourg – 23 July 2025 – Subsea7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award of a substantial(1) contract. The project involves the engineering and offshore installation of flexible pipe, umbilicals, subsea equipment and a mooring system. Project management and engineering activities will begin immediately at Subsea7's office in Houston, Texas, with offshore operations expected to start in 2027. No additional details will be provided at this time. (1) Subsea7 defines a substantial contract as being between $150 million and $300 million. ******************************************************************************* Subsea7 is a global leader in the delivery of offshore projects and services for the evolving energy industry, creating sustainable value by being the industry's partner and employer of choice in delivering the efficient offshore solutions the world needs. Subsea7 is listed on the Oslo Børs (SUBC), ISIN LU0075646355, LEI 222100AIF0CBCY80AH62. ******************************************************************************* Contact for investment community enquiries:Katherine TonksInvestor Relations DirectorTel +44 20 8210 5568 [email protected] Contact for media enquiries:Ashley ShearerCommunications ManagerTel +1-713-300-6792 [email protected] Forward-Looking Statements: This document may contain 'forward-looking statements' (within the meaning of the safe harbour provisions of the U.S. Private Securities Litigation Reform Act of 1995). These statements relate to our current expectations, beliefs, intentions, assumptions or strategies regarding the future and are subject to known and unknown risks that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements may be identified by the use of words such as 'anticipate', 'believe', 'estimate', 'expect', 'future', 'goal', 'intend', 'likely' 'may', 'plan', 'project', 'seek', 'should', 'strategy' 'will', and similar expressions. The principal risks which could affect future operations of the Group are described in the 'Risk Management' section of the Group's Annual Report and Consolidated Financial Statements. Factors that may cause actual and future results and trends to differ materially from our forward-looking statements include (but are not limited to): (i) our ability to deliver fixed price projects in accordance with client expectations and within the parameters of our bids, and to avoid cost overruns; (ii) our ability to collect receivables, negotiate variation orders and collect the related revenue; (iii) our ability to recover costs on significant projects; (iv) capital expenditure by oil and gas companies, which is affected by fluctuations in the price of, and demand for, crude oil and natural gas; (v) unanticipated delays or cancellation of projects included in our backlog; (vi) competition and price fluctuations in the markets and businesses in which we operate; (vii) the loss of, or deterioration in our relationship with, any significant clients; (viii) the outcome of legal proceedings or governmental inquiries; (ix) uncertainties inherent in operating internationally, including economic, political and social instability, boycotts or embargoes, labour unrest, changes in foreign governmental regulations, corruption and currency fluctuations; (x) the effects of a pandemic or epidemic or a natural disaster; (xi) liability to third parties for the failure of our joint venture partners to fulfil their obligations; (xii) changes in, or our failure to comply with, applicable laws and regulations (including regulatory measures addressing climate change); (xiii) operating hazards, including spills, environmental damage, personal or property damage and business interruptions caused by adverse weather; (xiv) equipment or mechanical failures, which could increase costs, impair revenue and result in penalties for failure to meet project completion requirements; (xv) the timely delivery of vessels on order and the timely completion of ship conversion programmes; (xvi) our ability to keep pace with technological changes and the impact of potential information technology, cyber security or data security breaches; (xvii) global availability at scale and commercially viability of suitable alternative vessel fuels; and (xviii) the effectiveness of our disclosure controls and procedures and internal control over financial reporting. Many of these factors are beyond our ability to control or predict. Given these uncertainties, you should not place undue reliance on the forward-looking statements. Each forward-looking statement speaks only as of the date of this document. We undertake no obligation to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise. This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. This stock exchange release was published by Katherine Tonks, Investor Relations, Subsea7, on 23 July 2025 at 18:20 CET. Attachment Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
Cision Canada
7 hours ago
- Business
- Cision Canada
Scotiabank Comments on Expected Contribution from KeyCorp's Second Quarter Earnings Français
TORONTO, July 23, 2025 /CNW/ - Scotiabank announced today that the expected net income contribution from its ownership interest in KeyCorp will be approximately CAD $61 million in Q3 2025. This contribution represents the Bank's share of KeyCorp's Q2 2025 net income, includes acquisition-related and other accounting impacts, is net of the Bank's associated funding costs and is reported on a one-month lag. Adjusting for the amortization of acquired intangible assets of approximately CAD $7 million, the Bank's adjusted net income contribution from KeyCorp will be approximately CAD $68 million. 1 Scotiabank will release its third quarter financial results and host an earnings conference call on August 26, 2025. Conference call and audio webcast details will be announced closer to that date. About Scotiabank Scotiabank's vision is to be our clients' most trusted financial partner and deliver sustainable, profitable growth. Guided by our purpose: "for every future," we help our clients, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With assets of approximately $1.4 trillion (as at April 30, 2025), Scotiabank is one of the largest banks in North America by assets, and trades on the Toronto Stock Exchange (TSX: BNS) and New York Stock Exchange (NYSE: BNS). For more information, please visit and follow us on X @Scotiabank. Forward-Looking Statements From time to time, our public communications include oral or written forward-looking statements. Statements of this type are included in this document, and may be included in other filings with Canadian securities regulators or the U.S. Securities and Exchange Commission (SEC), or in other communications. In addition, representatives of the Bank may include forward-looking statements orally to analysts, investors, the media and others. All such statements are made pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995 and any applicable Canadian securities legislation. Forward-looking statements may include, but are not limited to, statements made in this document, the Management's Discussion and Analysis in the Bank's 2024 Annual Report under the headings "Outlook" and in other statements regarding the Bank's objectives, strategies to achieve those objectives, the regulatory environment in which the Bank operates, anticipated financial results, and the outlook for the Bank's businesses and for the Canadian, U.S. and global economies. Such statements are typically identified by words or phrases such as "believe," "expect," "aim," "achieve," "foresee," "forecast," "anticipate," "intend," "estimate," "outlook," "seek," "schedule," "plan," "goal," "strive," "target," "project," "commit," "objective," and similar expressions of future or conditional verbs, such as "will," "may," "should," "would," "might," "can" and "could" and positive and negative variations thereof. By their very nature, forward-looking statements require us to make assumptions and are subject to inherent risks and uncertainties, which give rise to the possibility that our predictions, forecasts, projections, expectations or conclusions will not prove to be accurate, that our assumptions may not be correct and that our financial performance objectives, vision and strategic goals will not be achieved. We caution readers not to place undue reliance on these statements as a number of risk factors, many of which are beyond our control and effects of which can be difficult to predict, could cause our actual results to differ materially from the expectations, targets, estimates or intentions expressed in such forward-looking statements. The future outcomes that relate to forward-looking statements may be influenced by many factors, including but not limited to: general economic and market conditions in the countries in which we operate and globally; changes in currency and interest rates; increased funding costs and market volatility due to market illiquidity and competition for funding; the failure of third parties to comply with their obligations to the Bank and its affiliates, including relating to the care and control of information, and other risks arising from the Bank's use of third parties; changes in monetary, fiscal, or economic policy and tax legislation and interpretation; changes in laws and regulations or in supervisory expectations or requirements, including capital, interest rate and liquidity requirements and guidance, and the effect of such changes on funding costs; geopolitical risk (including the potential impact of new or elevated tariffs); changes to our credit ratings; the possible effects on our business and the global economy of war, conflicts or terrorist actions and unforeseen consequences arising from such actions; technological changes, including the use of data and artificial intelligence in our business, and technology resiliency; operational and infrastructure risks; reputational risks; the accuracy and completeness of information the Bank receives on customers and counterparties; the timely development and introduction of new products and services, and the extent to which products or services previously sold by the Bank require the Bank to incur liabilities or absorb losses not contemplated at their origination; our ability to execute our strategic plans, including the successful completion of acquisitions and dispositions, including obtaining regulatory approvals; critical accounting estimates and the effect of changes to accounting standards, rules and interpretations on these estimates; global capital markets activity; the Bank's ability to attract, develop and retain key executives; the evolution of various types of fraud or other criminal behaviour to which the Bank is exposed; anti-money laundering; disruptions or attacks (including cyberattacks) on the Bank's information technology, internet connectivity, network accessibility, or other voice or data communications systems or services, which may result in data breaches, unauthorized access to sensitive information, denial of service and potential incidents of identity theft; increased competition in the geographic and in business areas in which we operate, including through internet and mobile banking and non-traditional competitors; exposure related to significant litigation and regulatory matters; environmental, social and governance risks, including climate change, our ability to implement various sustainability-related initiatives (both internally and with our clients and other stakeholders) under expected time frames, and our ability to scale our sustainable-finance products and services; the occurrence of natural and unnatural catastrophic events and claims resulting from such events, including disruptions to public infrastructure, such as transportation, communications, power or water supply; inflationary pressures; global supply-chain disruptions; Canadian housing and household indebtedness; the emergence or continuation of widespread health emergencies or pandemics, including their impact on the global economy, financial market conditions and the Bank's business, results of operations, financial condition and prospects; and the Bank's anticipation of and success in managing the risks implied by the foregoing. A substantial amount of the Bank's business involves making loans or otherwise committing resources to specific companies, industries or countries. Unforeseen events affecting such borrowers, industries or countries could have a material adverse effect on the Bank's financial results, businesses, financial condition or liquidity. These and other factors may cause the Bank's actual performance to differ materially from that contemplated by forward-looking statements. The Bank cautions that the preceding list is not exhaustive of all possible risk factors and other factors could also adversely affect the Bank's results, for more information, please see the "Risk Management" section of the Bank's 2024 Annual Report, as may be updated by quarterly reports. Material economic assumptions underlying the forward-looking statements contained in this document are set out in the 2024 Annual Report under the headings "Outlook", as updated by quarterly reports. The "Outlook" and "2025 Priorities" sections are based on the Bank's views and the actual outcome is uncertain. Readers should consider the above-noted factors when reviewing these sections. When relying on forward-looking statements to make decisions with respect to the Bank and its securities, investors and others should carefully consider the preceding factors, other uncertainties and potential events. Any forward-looking statements contained in this document represent the views of management only as of the date hereof and are presented for the purpose of assisting the Bank's shareholders and analysts in understanding the Bank's financial position, objectives and priorities, and anticipated financial performance as at and for the periods ended on the dates presented, and may not be appropriate for other purposes. Except as required by law, the Bank does not undertake to update any forward-looking statements, whether written or oral, that may be made from time to time by or on its behalf. and on the EDGAR section of the SEC's website at
Kuwait Times
19 hours ago
- Business
- Kuwait Times
AEO launches energy report
KUWAIT: The General Secretariat of the Arab Energy Organization (AEO), formerly known as the Organization of Arab Petroleum Exporting Countries (OAPEC), on Tuesday launched the 51st edition of its Secretary General's Annual Report for 2024. The report provides a comprehensive overview of key Arab and global developments in the energy sector, with a particular focus on oil and gas. Speaking during a ceremony held to mark the occasion, AEO Secretary General Jamal Al-Loughani highlighted the pivotal role played by member states in the global energy landscape. The event was attended by members of the diplomatic corps accredited to Kuwait from the organization's member states. Al-Loughani noted that the release of this edition coincides with the organization's 57th anniversary since its establishment in January 1968 — an important milestone in the history of joint Arab cooperation, particularly in the field of energy. He emphasized the organization's sustained and effective presence in regional and international energy-related activities over the years. The report, Al-Loughani said, comes amid significant fluctuations in global oil markets, driven by a range of factors including geopolitical tensions, economic shifts, evolving demand patterns, and environmental challenges. He pointed to regional developments, especially in the Red Sea, which have disrupted oil trade routes and raised temporary concerns over supply security. Secretary-General of the Arab Energy Organization, Jamal Al-Loughani General Secretariat of the Arab Energy Organization on Tuesday launched the 51st edition of its Secretary General's Annual Report for 2024. The report provides a comprehensive overview of key Arab and global developments in the energy sector, with a particular focus on oil and gas. He also referred to ongoing sanctions on Russia and the impact of the Russia-Ukraine conflict, which has led to the redirection of Russian energy exports to Asia. Al-Loughani said that global oil demand growth had slowed considerably, reflecting a broader decline in global economic activity — especially in China, the world's largest oil importer — due in part to rising electric vehicle adoption and severe weather-related disruptions in the United States. The Secretary General praised the role of AEO member states in the OPEC+ alliance, noting their proactive approach in extending production cuts throughout 2024, which helped stabilize global oil markets. He revealed that OPEC's crude and unconventional oil supplies declined by approximately 163,000 barrels per day compared to 2023, settling at around 32.4 million barrels per day. Meanwhile, supplies from non-OPEC producers rose by about 630,000 barrels per day to reach 70.2 million barrels per day. Al-Loughani noted that AEO member states recorded 34 oil and gas discoveries in 2024, underlining the strategic importance of the Arab region in the current and future energy landscape. He said the first chapter of the report reviews key Arab and international energy developments and their impact on the economies of member states, in addition to market fundamentals such as supply, demand and oil reserves. The report also addresses policy trends and geopolitical influences. The report further examines investment trends in energy transition technologies, including hydrogen as a future fuel, and provides updates on exploration and production, refining, petrochemicals, and gas industries. It also tracks environmental developments and climate change-related matters. Al-Loughani stressed that the key energy indicators in the report confirm the significant position of AEO member states in global markets. Proven crude oil reserves in AEO countries stood at around 713.4 billion barrels in 2024, accounting for 53 percent of the global total of 1,346 billion barrels. Natural gas reserves were estimated at approximately 55.7 trillion cubic meters, representing 26 percent of global reserves. The average crude oil production of member states reached 21.6 million barrels per day in 2024, or roughly 24 percent of the global total of 88.7 million barrels per day. Marketed natural gas production amounted to 561 billion cubic meters, making up about 14 percent of the global total. On renewable energy, Al-Loughani noted that installed wind energy capacity in the Arab region reached 5.2 gigawatts, representing 0.5 percent of global capacity, while solar power installations exceeded 17 gigawatts, representing 1.1 percent. Hydroelectric power capacity reached 9.15 gigawatts, also constituting 0.5 percent of the global total. He added that the refining industry in member states includes 54 refineries, with a combined capacity of 10.47 million barrels per day — around 10.9 percent of the world's total refining capacity of 96.23 million barrels per day. In the natural gas sector, Al-Loughani reported that member states exported 185.9 billion cubic meters in 2024, accounting for 16.3 percent of global exports. Liquefied natural gas (LNG) production capacity reached 120.3 million tons per year by the end of 2024, representing 24.6 percent of the world's total LNG production capacity. — KUNA
Business Wire
a day ago
- Business
- Business Wire
Cadre Holdings Declares Quarterly Dividend of $0.095 Per Share
JACKSONVILLE, Fla.--(BUSINESS WIRE)--Cadre Holdings, Inc. (NYSE: CDRE) ('Cadre' or 'the Company'), a global leader in the manufacturing and distribution of safety equipment and other related products for the law enforcement, first responder, military and nuclear markets, today announced that its Board of Directors has declared a quarterly cash dividend of $0.095 per share, or $0.38 per share on an annualized basis. Cadre's dividend payment will be made on August 15, 2025 to shareholders of record as of the close of business on the record date of August 1, 2025. The declaration of any future dividend is subject to the discretion of the Company's Board of Directors. About Cadre Headquartered in Jacksonville, Florida, Cadre is a global leader in the manufacturing and distribution of safety products. Cadre's equipment provides critical protection to allow users to safely and securely perform their duties and protect those around them in hazardous or life-threatening situations. The Company's core products include body armor, explosive ordnance disposal equipment, duty gear and nuclear safety products. Our highly engineered products are utilized in over 100 countries by federal, state and local law enforcement, fire and rescue professionals, explosive ordnance disposal teams, and emergency medical technicians. Our key brands include Safariland® and Med-Eng®, amongst others. Forward-Looking Statements Please note that in this press release we may use words such as 'appears,' 'anticipates,' 'believes,' 'plans,' 'expects,' 'intends,' 'future,' and similar expressions which constitute forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are made based on our expectations and beliefs concerning future events impacting the Company and therefore involve a number of risks and uncertainties. We caution that forward-looking statements are not guarantees and that actual results could differ materially from those expressed or implied in the forward-looking statements. Potential risks and uncertainties that could cause the actual results of operations or financial condition of the Company to differ materially from those expressed or implied by forward-looking statements in this release, include, but are not limited to, those risks and uncertainties more fully described from time to time in the Company's public reports filed with the Securities and Exchange Commission, including under the section titled 'Risk Factors' in the Company's Annual Report on Form 10-K, and/or Quarterly Reports on Form 10-Q, as well as in the Company's Current Reports on Form 8-K. All forward-looking statements included in this press release are based upon information available to the Company as of the date of this press release and speak only as of the date hereof. We assume no obligation to update any forward-looking statements to reflect events or circumstances after the date of this press release.
Business Wire
a day ago
- Business
- Business Wire
Skyworks Sets Date for Third Quarter Fiscal 2025 Earnings Release and Conference Call
IRVINE, Calif.--(BUSINESS WIRE)--Skyworks Solutions, Inc. (Nasdaq: SWKS), an innovator of high-performance analog and mixed-signal semiconductors connecting people, places and things, will host a conference call with analysts to discuss its third quarter fiscal 2025 results and business outlook on Aug. 5, 2025, at 4:30 p.m. EDT. Skyworks Sets Date for Third Quarter Fiscal 2025 Earnings Release and Conference Call Aug. 5 at 4:30 p.m. EDT Share After the close of the market on Aug. 5, and prior to the conference call, Skyworks will issue a copy of the earnings press release via Business Wire. The press release may also be viewed on Skyworks' website at To listen to the conference call, please visit the investor relations section of Skyworks' website at Playback of the conference call will be available on Skyworks' website at beginning at 9 p.m. EDT on Aug. 5, 2025. Additionally, a transcript of the company's prepared remarks will be made available on our website promptly after their conclusion during the call. About Skyworks Skyworks Solutions, Inc. is empowering the wireless networking revolution. Our highly innovative analog and mixed-signal semiconductors are connecting people, places and things spanning a number of new and previously unimagined applications, including aerospace, automotive, broadband, cellular infrastructure, connected home, defense, entertainment and gaming, industrial, medical, smartphone, tablet and wearables. Skyworks is a global company with engineering, marketing, operations, sales and support facilities located throughout Asia, Europe and North America and is a member of the S&P 500 ® market index (Nasdaq: SWKS). For more information, please visit Skyworks' website at: Safe Harbor Statement Any forward-looking statements contained in this press release are intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include without limitation information relating to future events, results and expectations of Skyworks. Forward-looking statements can often be identified by words such as 'anticipates,' 'expects,' 'forecasts,' 'intends,' 'believes,' 'plans,' 'may,' 'will' or 'continue,' and similar expressions and variations or negatives of these words. Actual events and/or results may differ materially and adversely from such forward-looking statements as a result of certain risks and uncertainties, including those identified in the 'Risk Factors' section of Skyworks' most recent Annual Report on Form 10-K (and/or Quarterly Report on Form 10-Q) as filed with the Securities and Exchange Commission ('SEC'). Copies of Skyworks' SEC filings can be obtained, free of charge, on Skyworks' website ( or at the SEC's website ( Any forward-looking statements contained in this press release are made only as of the date hereof, and we undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise. Note to Editors: Skyworks and the Skyworks symbol are trademarks or registered trademarks of Skyworks Solutions, Inc., or its subsidiaries in the United States and other countries. Third-party brands and names are for identification purposes only and are the property of their respective owners.
