Latest news with #DeLaRue
Yahoo
03-07-2025
- Business
- Yahoo
5 Must-Read Analyst Questions From Crane NXT's Q1 Earnings Call
Crane NXT's first quarter results were met with a positive market reaction, as revenue and non-GAAP earnings per share exceeded Wall Street expectations. Management attributed the quarter's performance to strong momentum in its International Currency segment and the successful completion of production upgrades for the new U.S. banknote series. CEO Aaron Saak highlighted the record-high backlog in the Currency business and the completion of the De La Rue Authentication Solutions acquisition as key milestones. While core sales declined due to planned downtime and softness in certain end markets, the company's strategic focus on recurring revenue and portfolio diversification supported overall growth. Is now the time to buy CXT? Find out in our full research report (it's free). Revenue: $330.3 million vs analyst estimates of $317.9 million (5.3% year-on-year growth, 3.9% beat) Adjusted EPS: $0.54 vs analyst estimates of $0.51 (4.9% beat) Adjusted EBITDA: $61.1 million vs analyst estimates of $60.02 million (18.5% margin, 1.8% beat) Management reiterated its full-year Adjusted EPS guidance of $4.15 at the midpoint Operating Margin: 11.3%, down from 17.7% in the same quarter last year Organic Revenue fell 4.1% year on year, in line with the same quarter last year Market Capitalization: $3.18 billion While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Matt Summerville (D.A. Davidson): Asked for end-market growth details within CPI and the scale of demand pushouts due to tariffs. CEO Aaron Saak confirmed vending is most impacted, with a $20 million effect concentrated in Q2 and expects other verticals to perform as anticipated. Matt Summerville (D.A. Davidson): Inquired about International versus U.S. Currency performance. Saak noted International exceeded internal expectations and backlog momentum supports a higher outlook for the balance of the year. Bob Labick (CJS Securities): Sought perspective on the resiliency of the authentication business in uncertain macro and tariff environments. Saak emphasized that a high proportion of government contracts and recurring service deals make the segment structurally resilient. Damian Karas (UBS): Requested clarity on integration priorities and synergy realization for the De La Rue acquisition. Saak outlined commercial cross-selling and operational efficiency as immediate areas of focus, facilitated by the Crane Business System. Bobby Brooks (Northland Capital Markets): Asked about the go-to-market strategy for authentication and how Crane NXT plans to expand its customer base. Saak cited direct sales to leading brands and a land-and-expand approach as core strategies. Looking forward, our team will closely monitor (1) the pace of integration and operational synergies within the Crane Authentication business, (2) execution on new and renewed service contracts in CPI and International Currency, and (3) management's ability to mitigate ongoing tariff impacts through pricing and supply chain strategies. Progress on additional M&A and resilience in recurring revenue streams will also be important indicators. Crane NXT currently trades at $55.36, up from $47.67 just before the earnings. Is there an opportunity in the stock?The answer lies in our full research report (it's free). Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 6 Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+782% five-year return). Find your next big winner with StockStory today. 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
Yahoo
16-05-2025
- Business
- Yahoo
Form 8.5 (EPT/RI)-De La Rue plc
FORM 8.5 (EPT/RI) PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY Rule 8.5 of the Takeover Code (the 'Code') 1. KEY INFORMATION (a) Name of exempt principal trader: Investec Bank plc (b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree De La Rue plc (c) Name of the party to the offer with which exempt principal trader is connected: Investec is Joint Broker to De La Rue plc (d) Date dealing undertaken: 15th May 2025 (e) In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to this offer? If it is a cash offer or possible cash offer, state 'N/A' N/A 2. DEALINGS BY THE EXEMPT PRINCIPAL TRADER Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in. The currency of all prices and other monetary amounts should be stated. (a) Purchases and sales Class of relevant security Purchases/ sales Total number of securities Highest price per unit paid/received Lowest price per unit paid/received Ordinary shares Purchases 81,575 128.5 128.5 (b) Cash-settled derivative transactions Class of relevant security Product description e.g. CFD Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position Number of reference securities Price per unit N/A N/A N/A N/A N/A (c) Stock-settled derivative transactions (including options) (i) Writing, selling, purchasing or varying Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type e.g. American, European etc. Expiry date Option money paid/ received per unit N/A N/A N/A N/A N/A N/A N/A N/A (ii) Exercise Class of relevant security Product description e.g. call option Exercising/ exercised against Number of securities Exercise price per unit N/A N/A N/A N/A N/A (d) Other dealings (including subscribing for new securities) Class of relevant security Nature of dealing e.g. subscription, conversion Details Price per unit (if applicable) N/A N/A N/A N/A 3. OTHER INFORMATION (a) Indemnity and other dealing arrangements Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state 'none' None (b) Agreements, arrangements or understandings relating to options or derivatives Details of any agreement, arrangement or understanding, formal or informal, between the exempt principal trader making the disclosure and any other person relating to: (i) the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state 'none' None Date of disclosure: 16th May 2025 Contact name: Priyali Bhattacharjee Telephone number: +91 9768034903 Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service. The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on +44 (0)20 7638 0129. The Code can be viewed on the Panel's website at 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
Reuters
15-05-2025
- Business
- Reuters
Edi Truell's consortium no longer plans to make offer for banknote printer De La Rue
May 15 (Reuters) - Britain's De La Rue (DLAR.L), opens new tab said on Thursday a consortium of British financier Edi Truell's companies no longer intends to make an offer for the banknote printer. Last month, De La Rue backed a $347 million takeover bid from U.S. private equity firm Atlas Holdings, while rejecting a higher preliminary proposal from Truell, citing concerns over its lack of committed financing and clear structure. De La Rue, which printed the new King Charles III currency notes in the UK, has been working to stabilise its finances following a pandemic-era slump in demand driven by the rise of contactless payments.
Yahoo
15-04-2025
- Business
- Yahoo
London's FTSE 100 surges as hopes rise over US-UK trade deal
London's FTSE 100 (^FTSE) has climbed higher as the index continues its recovery and hopes grow over a trade deal between the US and the UK. The UK's top index has had a run of gains after suffering sharp losses in the days following Donald Trump's tariffs announcement, where it plummeted to its lowest level in a year. It gained 114.78 points on Tuesday, or 1.41%, to close at 8,249.12. It comes as US vice president JD Vance said the administration was 'working very hard' to negotiate a 'great' trade deal with the UK. Mr Vance said the 'reciprocal relationship' between the US and UK gave Britain a more advantageous position than other European countries when it comes to negotiating new trade arrangements. Meanwhile, on Saturday, Mr Trump said electronics such as smartphones and laptops would be exempt from tariffs – including the 145% charge on imports from China. Danni Hewson, head of financial analysis at AJ Bell, said investors were feeling 'cautiously optimistic' with another 'strong day for London markets'. She said: 'From smart phones to shiny new cars, the prospect that the US President is considering a reprieve, however temporary, on import taxes has done much to allay fears that Trump 2.0 had turned his back on markets. 'Because a lot can happen in 90 days – deals can be made, and the prospect that the UK could be near the front of the pack when it comes to trade negotiations is heartening and suggests the Government's softly-softly approach may have been a sensible one.' European stocks were also rebounding as a more optimistic mood washed over global markets. In Frankfurt, the Dax (^GDAXI) rose 1.43%, and in Paris, the Cac 40 (^FCHI) closed 0.86% higher. Over in the US, it was a more tentative start to trading. The S&P 500 (^GSPC) was up about 0.3%, and Dow Jones up 0.2% by the time European markets closed. The pound was continuing to strengthen against key currencies. Against the US dollar, sterling was up about 0.3%, at 1.323, to hit a fresh six-month high. And against the euro, the pound was up 0.8%, at 1.171. The price of Brent crude oil (BZ=F) was down around 0.7% to 64.4 US dollars per barrel. In company news, shares in De La Rue (DLAR.L) surged after the banknote printer said it had agreed to be bought by US buyout firm Atlas for £263 million. Atlas offered 130p per share in its bid – lower than the 132.17p per share offer tabled in a rival bid from British financier Edi Truell's vehicle. De La Rue said a sale to Atlas would 'ensure long-term stability for our customers and our people'. Shares in the company were 14.7% higher at close. Elsewhere, Halfords (HFD.L) shares were given a boost after the retailer said it had appointed Henry Birch, the former boss of Very Group, to be its new chief executive. Mr Birch takes the post immediately to replace Graham Stapleton, Halfords' boss of seven years. The company also reported rising sales from the previous year, and said its profit will be at the higher end of previous guidance of £32 million to £37 million. Shares in Halfords were 11% higher at close. The biggest risers on the FTSE 100 (^FTSE) were 3i Group (III.L), up 226p to 4,130p, St James's Place (STJ.L), up 36.4p to 900.4p, Intermediate Capital (ICG.L), up 66p to 1,816p, Segro (SGRO.L), up 24.2p to 669.8p, and Fresnillo (FRES.L), up 38p to 1,058p. The biggest fallers on the FTSE 100 were Diageo (DGE.L), down 73p to 2,036p, Glencore (GLEN.L), down 4.1p to 255.95p, Pershing Square (PSH.L), down 38p to 3,352p, Rentokil (RTO.L), down 1.8p to 334.2p, and AstraZeneca (AZN.L), down 40p to 10,280p.
The Independent
15-04-2025
- Business
- The Independent
London's FTSE 100 surges as hopes rise over US-UK trade deal
London's FTSE 100 has climbed higher as the index continues its recovery and hopes grow over a trade deal between the US and the UK. The UK's top index has had a run of gains after suffering sharp losses in the days following Donald Trump's tariffs announcement, where it plummeted to its lowest level in a year. It gained 114.78 points on Tuesday, or 1.41%, to close at 8,249.12. It comes as US vice president JD Vance said the administration was 'working very hard' to negotiate a 'great' trade deal with the UK. Mr Vance said the 'reciprocal relationship' between the US and UK gave Britain a more advantageous position than other European countries when it comes to negotiating new trade arrangements. Meanwhile, on Saturday, Mr Trump said electronics such as smartphones and laptops would be exempt from tariffs – including the 145% charge on imports from China. Danni Hewson, head of financial analysis at AJ Bell, said investors were feeling 'cautiously optimistic' with another 'strong day for London markets'. She said: 'From smart phones to shiny new cars, the prospect that the US President is considering a reprieve, however temporary, on import taxes has done much to allay fears that Trump 2.0 had turned his back on markets. 'Because a lot can happen in 90 days – deals can be made, and the prospect that the UK could be near the front of the pack when it comes to trade negotiations is heartening and suggests the Government's softly-softly approach may have been a sensible one.' European stocks were also rebounding as a more optimistic mood washed over global markets. In Frankfurt, the Dax rose 1.43%, and in Paris, the Cac 40 closed 0.86% higher. Over in the US, it was a more tentative start to trading. The S&P 500 was up about 0.3%, and Dow Jones up 0.2% by the time European markets closed. The pound was continuing to strengthen against key currencies. Against the US dollar, sterling was up about 0.3%, at 1.323, to hit a fresh six-month high. And against the euro, the pound was up 0.8%, at 1.171. The price of Brent crude oil was down around 0.7% to 64.4 US dollars per barrel. In company news, shares in De La Rue surged after the banknote printer said it had agreed to be bought by US buyout firm Atlas for £263 million. Atlas offered 130p per share in its bid – lower than the 132.17p per share offer tabled in a rival bid from British financier Edi Truell's vehicle. De La Rue said a sale to Atlas would 'ensure long-term stability for our customers and our people'. Shares in the company were 14.7% higher at close. Elsewhere, Halfords shares were given a boost after the retailer said it had appointed Henry Birch, the former boss of Very Group, to be its new chief executive. Mr Birch takes the post immediately to replace Graham Stapleton, Halfords' boss of seven years. The company also reported rising sales from the previous year, and said its profit will be at the higher end of previous guidance of £32 million to £37 million. Shares in Halfords were 11% higher at close. The biggest risers on the FTSE 100 were 3i Group, up 226p to 4,130p, St James's Place, up 36.4p to 900.4p, Intermediate Capital, up 66p to 1,816p, Segro, up 24.2p to 669.8p, and Fresnillo, up 38p to 1,058p. The biggest fallers on the FTSE 100 were Diageo, down 73p to 2,036p, Glencore, down 4.1p to 255.95p, Pershing Square, down 38p to 3,352p, Rentokil, down 1.8p to 334.2p, and AstraZeneca, down 40p to 10,280p.
