Latest news with #Arbour
&w=3840&q=100)
Business Standard
24-06-2025
- Business
- Business Standard
Arbour Investments commits ₹105 cr to ELV for Whitefield projects
Arbour Investments, a real estate investment management platform, has committed funding of Rs 105 crore to ELV Projects, a Bengaluru-based developer, for its residential developments in Whitefield, East Bengaluru. The partnership aims to fund two residential developments—ELV Highgarden and ELV Kingsland—in Whitefield. As part of the transaction, Arbour has already disbursed the first tranche of Rs 20 crore. The firm will follow a milestone-based disbursement method and release the remaining amount over the next eight to nine months. The mid-premium projects span a combined built-up area of 11.73 lakh square feet, comprising 596 two- to four-bedroom residential units across five towers. Both developments are slated for completion by October 2026. Meanwhile, the Whitefield area has recorded a 60 per cent increase in capital values since 2021, with prices rising from Rs 6,400 to Rs 10,300 per sq ft. Priyesh Chheda, founder, Arbour Investments, said: 'Our preferred segment is anywhere between mid-market and premium. We are not that keen on absolute luxury, because it requires a different approach in terms of sales and marketing and for the cash flows, and the same goes with affordable projects.' Arbour has completed around 22 transactions over the last three years and 10 months. 'Out of these 22 transactions, the overall investments were roughly around Rs 600 crore, of which 11 exits have already happened. Now we are looking at another three to four transactions in this particular financial year, with around Rs 400 crore of further deployment,' Chheda added. For its platform equity segment, Arbour aims to focus on real estate projects only in the Mumbai Metropolitan Region (MMR). For its private equity arm, the firm is evaluating opportunities in markets including Hyderabad and Chennai, apart from MMR, Bengaluru and Goa.
Yahoo
13-05-2025
- Business
- Yahoo
TTSH Stock Gains Despite Q1 Earnings Decline, Gross Margin Improves
Shares of Tile Shop Holdings, Inc. TTSH have gained 14.8% since the company reported its earnings for the quarter ended March 31, 2025, outperforming the S&P 500 Index's modest 0.5% rise during the same period. Over the past month, TTSH stock has risen 11.1%, while the broader index has gained 4.3%. For the first quarter of 2025, Tile Shop reported net sales of $88 million, a decline of 4.1% year over year from $91.7 million. Comparable store sales dropped 4% year over year, which management attributed to a decrease in store traffic. Net income fell sharply to $172,000 from $1.7 million in the prior-year period, translating to diluted earnings per share of $0.00 compared with $0.04 in the prior year. Adjusted EBITDA also declined 38.4% to $4.6 million, or 5.2% of net sales, from $7.4 million, or 8.1% of net sales, a year ago. Despite the revenue decline, gross margin improved 20 basis points to 66% from 65.8%, driven by lower inventory write-offs, partially offset by higher delivery costs. Tile Shop Holdings, Inc. price-consensus-eps-surprise-chart | Tile Shop Holdings, Inc. Quote Total operating income declined sharply to $183,000 from $2.3 million, compressing the operating margin to 0.2% from 2.5%. Selling, general, and administrative (SG&A) expenses declined 0.3% year over year to $57.9 million from $58 million. The decrease was primarily due to a $0.7 million decrease in depreciation, a $0.4 million decrease associated with the closure of one distribution center in the third quarter of 2024 and a $0.4 million decrease in benefits. These factors were partially offset by a $0.7 million increase in advertising costs, a $0.3 million increase in training and a $0.3 million uptick in IT expenses. Tile Shop ended the quarter with $27.1 million in cash and no outstanding debt, up from $20.9 million in cash at the end of 2024. Operating cash flow totaled $9.9 million in the quarter compared with $18.6 million in the year-ago period. Pretax Return on Capital Employed fell to 1.2% on a trailing 12-month basis, down from 11.3% a year earlier, reflecting ongoing margin and profitability pressures. CEO Cabell Lolmaugh acknowledged the continuing impact of low housing turnover and macro headwinds such as tariffs and cautious consumer sentiment. Still, management emphasized their strategy of focusing on controllable factors — improving customer experience and managing costs. A key highlight was the increase in tile volume sold during the quarter, which the company attributed to an expanded product assortment, particularly entry-level options and the Arbour collection of luxury vinyl tile. This volume growth occurred despite lower average selling prices, suggesting that new offerings are resonating with value-conscious consumers. Lolmaugh expressed confidence in TTSH's supplier diversification strategy, noting that Tile Shop now sources from over 25 countries. This positioning is expected to help the company navigate increased tariffs on certain imported goods. Additionally, the retailer has been developing partnerships with domestic manufacturers, which may help offset some international sourcing risks going forward. CFO Mark Davis elaborated that, despite this shift in product mix, the company was able to maintain average ticket values due to stronger volumes. He also noted the positive impact of new engineered hardwood and laminate products, along with continued traction in large-format tiles. The decline in net sales and earnings was primarily driven by lower store traffic, exacerbated slightly by the absence of an extra sales day that benefited the 2024 quarter (due to the leap year). Management estimated that the additional day in the prior-year quarter contributed approximately $1 million in sales. Despite weaker revenues, the company maintained average ticket size by offsetting lower average selling prices with increased tile volumes. This mix shift was underpinned by new product introductions targeting both price-sensitive and design-conscious customers. Furthermore, while gross margin improved modestly, SG&A expenses absorbed new investments in marketing, employee training, and IT systems. These expenses, although constraining profitability in the short term, are viewed as essential to long-term competitiveness. Tile Shop did not provide formal financial guidance for upcoming quarters. However, management indicated confidence in their spring selling season and reiterated that the company's inventory strategy and global supplier diversification would help mitigate tariff-related cost pressures. The team emphasized its readiness to respond to evolving trade dynamics by shifting sourcing and implementing pricing strategies if needed. There were no acquisitions, divestitures, or major business restructurings disclosed for the first quarter of 2025. However, Tile Shop announced it had subleased its New Jersey distribution center through the third quarter of 2026. This sublease is expected to yield $2 million in income, with half of the benefit anticipated to reduce SG&A expenses over the remainder of 2025 and the balance in 2026. Additionally, Tile Shop expanded its design collaboration with Alison Victoria, a move that aligns with its strategic focus on exclusive, designer-backed offerings to differentiate its product portfolio. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Tile Shop Hldgs, Inc. (TTSH) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research 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
Miami Herald
17-04-2025
- Science
- Miami Herald
100 million-year-old footprints — first of their kind — found in Canada. See them
More than two decades ago in the small town of Tumbler Ridge, nestled in the Canadian Rockies, two young boys found dinosaur tracks. They were discovered in 2000, and Charles Helm, scientific adviser at the Tumbler Ridge Museum, said several of the tracks had been discovered in the years since, prompting him to invite paleontologists to come and take a look, according to an April 14 news release from scientific publisher Taylor & Francis Group. In 2023, researcher Victoria Arbour of the Royal BC Museum, along with teams from the Tumbler Ridge Museum and the Tumbler Ridge UNESCO Global Geopark finally studied the tracks — and realized they belonged to a species new to science. Arbour had seen photos of the footprints a few years earlier, and said 'I thought they were really strange and interesting looking and I was really curious about them,' she told CBC, the Canadian Broadcasting Corp. Then she saw them in person. 'And I got really excited,' Arbour told the news outlet. 'I was like, 'You know, I think the only thing these really can be … is an ankylosaurid.'' Ankylosaurs fall into two groups: one with a flexible tail and four toes on each back foot, and a second with a 'sledgehammer-like tail club' and three toes, according to the release. These footprints were three-toed and didn't match any previous records of ankylosaurs found in North America, according to a study published on the discovery April 14 in the peer-reviewed Journal of Vertebrate Paleontology. 'While we don't know exactly what dinosaur that made (the) footprints looked like, we know that it would have been about (16.4-19.6 feet) long, spiky and armoured, and with a stiff tail or a full tail club,' Arbour said in the release. 'Ankylosaurs are my favorite group of dinosaurs to work on, so being able to identify new examples of these dinosaurs in British Columbia is really exciting for me.' The footprints themselves are about 10 inches long and nearly the same distance wide, 'crescentic in form' and five manus, or toes on the front feet, and three pes, or toes on the back feet, according to the study. The new species was named Ruopodosaurus clava, meaning 'the tumbled-down lizard with a club/mace,' researchers said, noting where the tracks were found and the tail shape of the distinctive dinosaurs, according to the study. The tracks are believed to be the only tracks from this group ever discovered anywhere in the world, according to the researchers. 'The tracks date back to the middle of the Cretaceous period, about 100 to 94 million years ago. No bones from ankylosaurids have been found in North America from about 100 to 84 million years ago, leading to some speculation that ankylosaurids had disappeared from North America during this time,' according to the release. The tracks themselves show that multiple animals were walking together, according to the study, and the timeline of footprints shows multiple species of ankylosaur co-existed in the same time period. In addition to the tracks in Tumbler Ridge, more tracks in a remote region northwest called Bullmoose Creek were also discovered, according to the study. Scott Persons, a paleontologist studying similar species and not involved in the study, told CBC the new tracks show the ankylosaurs once thought of as 'squat' or like a 'coffee table' actually had 'a surprisingly bird-like gait' and they lined up their feet like 'supermodels on a runway.' 'This track record shows us the coffee table analogy is a little bit flawed,' Persons told CBC. 'The obvious question is: What do these animals look like? All we have are the feet.' Tumbler Ridge is in east-central British Columbia, Canada's western-most territory. The research team includes Helm, Arbour, Martin G. Lockley, Eamon Drysdale and Roy Rule.
Yahoo
17-04-2025
- Science
- Yahoo
Mysterious 3-Toed Footprints in Canada Reveal New Ankylosaur Species
Sets of prehistoric three-toed footprints pressed into stone have led paleontologists to discover a new dinosaur in the armored ankylosaurid family. The trackways were found near the town of Tumbler Ridge in British Columbia, which became known for its ankylosaur fossils after Mark Turner and Daniel Helm, both young boys at the time, first discovered a trackway in 2000. Ankylosaurids are one of the two main families of ankylosaurs, the other being nodosaurids. We know the difference between these families because of their tail armor: nodosaurids lack the bony tail club that defines the ankylosaurids. This is the first time we've seen precious, 100-million-year-old ankylosaurid footprints, which have only three toes on their back feet, unlike their relatives' four. Ankylosaur specialist Victoria Arbour – who also happens to be the paleontology curator at the Royal British Columbia Museum – visited Tumbler Ridge in 2023, where she met with Charles Helm, scientific advisor at the Tumbler Ridge Museum (and Daniel's father). He showed her a number of three-toed footprint trackways that had been turning up around the area in recent years. All specimens were found within the Tumbler Ridge UNESCO Global Geopark, except for one that was found in western Alberta. These footprints were preserved in the non-marine deposits of the Dunvegan and Kaskapau Formations, from the middle of the Cretaceous period. At this time, the now-mountainous region of the British Columbia Rockies was a lowland delta, freshly scoured with channels, point bars, shallow lakes, and mud squelchy enough to preserve the imprint of dino toes. Trackways like this are particularly useful to paleontologists because they provide multiple footprint specimens from the same animal. And in a region lacking skeletal fossil material, well-preserved trace fossils like these are essential to understanding prehistoric life. Closer analysis of the trackways, digitally rendered using photogrammetry, helped them realize they were looking at traces of a new species, which the team named Ruopodosaurus clava. The pes (back foot) tracks have "robust digits ending in blunt triangular or U-shaped toe tips," write Arbour, Helm, and their collaborators in a paper describing the species. The dinosaur's manus (front foot) tracks, however, bear five digits, "distinctly crescentic in form." "While we don't know exactly what the dinosaur that made Ruopodosaurus footprints looked like, we know that it would have been about 5 to 6 meters (16 to 20 feet) long, spiky, and armored, and with a stiff tail or a full tail club," Arbour says. "This study also highlights how important the Peace Region of northeastern British Columbia is for understanding the evolution of dinosaurs in North America – there's still lots more to be discovered." Because no ankylosaurid bones have been found in North America from 100 to 84 million years ago, paleontologists had assumed they had disappeared from the region during the mid-Cretaceous. But the Ruopodosaurus clava trackways show the ankylosaurid family was indeed trampling around the continent at the same time as its nodosaurid cousins. "It is really exciting to now know through this research that there are two types of ankylosaurs that called this region home, and that Ruopodosaurus has only been identified in this part of Canada," Helm says. The findings were published in Journal of Vertebrate Paleontology. Origins of Earth's Water May Not Be as Complicated as We Thought Secret of Orange Cats Finally Uncovered After 60-Year Search Breaking: Live Colossal Squid Filmed in World First
CBC
16-04-2025
- Science
- CBC
Ankylosaur footprints from Canada are first of their kind in the world
Scientists have identified fossil dinosaur footprints from a new species in B.C. and Alberta. They're believed to be the first tracks found in the world to be identified as belonging to club-tailed ankylosaurs, offering new insights about gaps in the fossil record. The new species, which has been named Ruopodosaurus clava, would have been an armoured dinosaur about five to six metres long, reports a new study published this week in the Journal of Vertebrate Paleontology. Victoria Arbour, curator of paleontology at the Royal B.C. Museum and lead author of the new study, said Ruopodosaurus would have lumbered through the coastal redwood forests between the Rocky Mountains and an inland sea that covered Saskatchewan and Alberta during the Middle Cretaceous, about 100 million to 94 million years ago. Previously identified footprints suggest the other creatures it lived alongside: giant crocodiles, duck-billed dinosaurs and bird-like dinosaurs — and a related group of four-toed ankylosaurs. But no bones of three-toed, club-tailed ankylosaurs have ever been found in North America from the Middle Cretaceous, which, until now, suggested they may have gone extinct during this time, before reappearing about 84 million years ago, perhaps by the migration of populations from Asia. The tracks from this new species suggest otherwise. This species, Arbour said, is "new for North America. It's new for the world…. And it really helps us fill in this gap in the fossil record." A tale of two ankylosaurs Like two-toed and three-toed sloths, there are two closely related branches of ankylosaurs with different numbers of toes: Ankylosaurids, which have three toes, and are famous for their tail clubs, which were either slim and stiff like a baseball bat, or round like the one on the famous well-preserved ankylosaur Zuul crurivastator, which lived around 75 million years ago. WATCH | Dinosaur Cold Case: Armoured Dinosaurs, featuring Zuul This "destroyer of shins" dinosaur may have used its armour as weapons |Dinosaur Cold Case 5 years ago Duration 1:34 Victoria Arbour, an evolutionary paleontologist at the Royal BC Museum, describes how some armoured dinosaurs likely used their horns, spines and armour for fighting each other, not just for protection. Nodosaurids, which have four toes, a flexible tail, and a longer snout. Many had big shoulder spikes, including Borealopelta ankylosaur, a well-preserved specimen found an an oilsands mine in 2011. WATCH | Meet one of the world's best-preserved dinosaurs, featuring Borealopelta Meet one of the world's best-preserved dinosaurs | Dinosaur Cold Case 5 years ago Duration 0:58 Nodosaurid prints were first found at Tumbler Ridge by two boys, 11-year-old Mark Turner and eight-year-old Daniel Helm, in 2001. That led to the discovery of other dinosaur trackways and fossils in the region, and the founding of the Tumbler Ridge Museum. What scientists learned about the new species Arbour first saw photos of the unusual tracks in the new study about five years ago. Some were found near Tumbler Ridge and others at a gas well on the other side of the B.C.-Alberta border. "I thought they were really strange and interesting looking and I was really curious about them," she recalled. Then in 2023, she visited the Tumbler Ridge Museum, and Charles Helm, Daniel's father and the scientific advisor at the museum, suggested they study the tracks together, along with some new ones that he and Daniel had found. Many included not just three-toed footprints, but the crescent-shaped, five fingered handprints that ankylosaurs are known to have. "And I got really excited," Arbour said. "I was like, 'You know, I think the only thing these really can be … is an ankylosaurid." The research confirmed that, and named the new species Ruopodosaurus clava, which means "tumbled-down lizard with a club/mace" referring to the location they were found and the distinctive feature of this ankylosaur family. Arbour said fossils found in China suggest that at this time, tail clubs were just starting to evolve in ankylosaurids, so this species may not have had a full round club like Zuul. Almost all the footprints were similar in size — about 30 centimetres long — suggesting that the average size of this species was about five or six metres long, or smaller than many ankylosaurs without tail clubs. Sometimes multiple trackways were found together, all heading in the same direction and never crossing, suggesting several animals may have been travelling together. Anthony Shillito is a University of Saskatchewan researcher who has previously studied dinosaur trackways from the Cretaceous that included four-toed ankylosaur footprints. He said footprints from three-toed ankylosaurs may have been found before, but there are so many three-toed dinosaurs that they would have been hard to identify without the distinctive handprints that were found with the footprints in Canada. "[The study] really made me think back to some of the footprints I've seen — maybe I misinterpreted it because I didn't have this information," he said. "Now people have a better idea of what they're looking for." And that may lead to more being found, and a better idea of where else these club-tailed ankylosaurs may have lived during the Middle Cretaceous, he suggested. The value of footprints vs. bones Paleontologist Scott Persons studied both fossil dinosaur tracks and ankylosaurs during his PhD at the University of Alberta, and is currently working on the study of a new nodosaur species. He said in showing that ankylosaurids lived in North America earlier than thought, the new study demonstrates the value of looking at both fossil footprints and bones. Those often get preserved under different conditions and contain different information. He noted that trackways often show multiple species that lived together at the same time, and can reveal other information. This new trackway also shows that wide, squat ankylosaurs — sometimes described as being coffee-table-like — had a surprisingly bird-like gait, lining up left and right feet like "supermodels on a runway." He added, "This track record shows us the coffee table analogy is a little bit flawed." On the other hand, he acknowledged, there is one drawback of footprints compared to bones.
