Latest news with #EDC
Yahoo
a day ago
- Business
- Yahoo
Olin Corp (OLN) Q2 2025 Earnings Call Highlights: Strategic Moves Amid Market Challenges
Operating Cash Flow: Generated more than $212 million in the second quarter. Debt Reduction: Paid down $39 million of debt. Share Buybacks: Repurchased $10 million of Olin shares. Adjusted EBITDA: Declined by 5% compared to the first quarter of 2025, with a headwind of $32 million from planned maintenance turnaround costs. Winchester Acquisition: Funded $56 million acquisition of ammunition manufacturing assets in Manitowoc, Wisconsin. Working Capital: Generated $182 million from reducing working capital, excluding tax payment timing. Expected Cash Source: Anticipated working capital to be a source of at least $100 million of cash for 2025, excluding tax payment timing effects. Third Quarter Adjusted EBITDA Outlook: Expected to be in the range of $170 million to $210 million. Warning! GuruFocus has detected 5 Warning Signs with OLN. Release Date: July 29, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Olin Corp (NYSE:OLN) generated over $212 million in operating cash flow, funding acquisitions, debt reduction, and share buybacks. The company maintained stable North American Chlorine Index values despite prolonged trough demand conditions. Winchester's defense business showed strength with growing domestic and international military ammunition demand. Olin Corp (NYSE:OLN) is implementing a Beyond 250 cost savings initiative, targeting $70 million to $90 million in year-end run rate savings. The company is the last fully integrated epoxy producer in North America and Europe, providing reliability and security of supply. Negative Points Olin Corp (NYSE:OLN) faced unplanned operating events that limited earnings to the lower end of expectations. Epoxy resins faced strong import competition, impacting profitability. The commercial ammunition business experienced headwinds from customer destocking, lower pricing, and higher raw material costs. EDC prices declined more steeply than expected, impacting profitability. Tariff uncertainties, particularly potential retaliatory tariffs from Brazil, pose risks to the Chlor Alkali business. Q & A Highlights Q: How is the caustic soda price increase progressing? A: Kenneth Lane, President and CEO, explained that the caustic soda market remains strong due to stable demand and supply tightness. However, the threat of tariffs is causing some short-term headwinds, particularly in exports to Latin America. Despite this, the expectation is for continued strong demand and stability in the caustic market. Q: Have you seen any signs of potential support for EDC pricing? A: Kenneth Lane noted that EDC prices dipped lower than expected due to lower oil prices, which allowed higher-cost Asian producers to remain competitive. He believes a floor has been reached, with some curtailments in Asia already occurring. However, a recovery in the EDC market is contingent on a demand recovery, particularly in housing and real estate investments. Q: What is the outlook for Winchester's commercial business, particularly regarding pricing and costs? A: Kenneth Lane stated that Winchester's commercial business faces challenges due to destocking, higher costs, and lower pricing. Propellant and metal costs remain headwinds. The company plans to push for price increases to improve margins, as current levels are unsustainable. Q: Can you elaborate on the cost savings program and its impact on future quarters? A: Kenneth Lane and Todd Slater discussed the Beyond 250 initiative, which aims for $70 to $90 million in cost savings by year-end 2025. The program includes right-sizing facilities and reducing contractor reliance. The initiative is expected to provide a tailwind into 2026, with significant cost reductions in the epoxy business. Q: What impact could potential retaliatory tariffs have on Olin's caustic soda exports to Brazil? A: Kenneth Lane explained that while Brazil is a significant market for caustic soda exports, the product is fungible, and trade flows can adjust. A retaliatory tariff could cause short-term disruptions, but the market would eventually stabilize with new trade flows. The company is monitoring the situation closely. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. 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
Business Upturn
24-07-2025
- Business
- Business Upturn
NETCLASS TECHNOLOGY INC Establishes a Singapore Subsidiary to Drive Global AI Business Expansion
SHANGHAI and HONG KONG, July 24, 2025 (GLOBE NEWSWIRE) — NETCLASS Technology INC (Nasdaq: NTCL; the 'Company' or 'NetClass'), a leading B2B smart education IT solutions provider with offices in Shanghai, Hong Kong, Singapore and Tokyo, today announced the establishment of a wholly owned subsidiary, NETCLASS INTERNATIONAL PTE. LTD., in Singapore, to support its international business development in AI applications, with a focus on expanding its footprint in Southeast Asia and other global markets. The new subsidiary will serve as the Company's primary base for overseas expansion and innovation in AI-driven solutions, particularly in the fields of language proficiency assessment and AI-assisted education. Singapore's strategic position as a regional technology hub, coupled with its strengths in talent development and advanced research capabilities, makes it an ideal location for accelerating NetClass's global growth. 'This is a strategic milestone in driving our international growth,' said Dr. Jianbiao Dai, Chairman and Chief Executive Officer of NetClass. 'Singapore offers unparalleled advantages in AI research, application development, and educational innovation. By establishing a local presence, we're better positioned to collaborate with regional partners, attract world-class talent, and deliver cutting-edge solutions that address the evolving needs of educators and learners worldwide.' The establishment of the Singapore subsidiary reflects NetClass's broader vision of transforming traditional education through intelligent technologies. As the Company enhances its global R&D capabilities and deepens its presence in Southeast Asia, it remains committed to driving educational digitalization and delivering scalable, impactful AI solutions to institutions and enterprises worldwide. About NETCLASS TECHNOLOGY INC NETCLASS TECHNOLOGY INC is a leading B2B smart education specialist with offices in Shanghai, Hong Kong, Singapore, and Tokyo, providing innovative IT solutions to schools, training institutions, corporations, public agencies, and other organizations. Our services include SaaS subscription services and application software development, with solutions spanning teaching and campus management, online teaching, examinations, epidemic prevention, data storage, EDC (Education Credit) blockchain systems, and lecturer evaluation services. Our mission is to deliver reliable, high-quality products that drive sustainable growth for our customers. For more information, please visit the Company's website: Forward-Looking Statements All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs, including the expectation that the Offering will be successfully completed. Investors can identify these forward-looking statements by words or phrases such as 'approximates,' 'believes,' 'hopes,' 'expects,' 'anticipates,' 'estimates,' 'projects,' 'intends,' 'plans,' 'will,' 'would,' 'should,' 'could,' 'may' or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward- looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the U.S. Securities and Exchange Commission. For investor and media inquiries, please contact:NETCLASS TECHNOLOGY INCInvestor Relations Email: [email protected]
Malaysian Reserve
21-07-2025
- Business
- Malaysian Reserve
YSMART Launches Tipen Mini: The Tough Little Pen Built for Everyday Carry
LONDON, July 21, 2025 /PRNewswire/ — YSMART, creators of innovative everyday carry (EDC) gear, is proud to announce the launch of Tipen Mini, now live on Kickstarter. Built from Grade 5 titanium, equipped with a magnetic quick–release cap and an ultra–hard ceramic tip, Tipen Mini is a sleek, keychain–sized tool designed to handle writing, marking, and unexpected daily tasks—anytime, anywhere. Ultra–Compact, Ultra–CapableAt just 4.75 cm long, 0.8 cm wide, and weighing only 9 g, Tipen Mini is YSMART's smallest pen yet. Despite its size, it delivers big on performance. The Grade 5 titanium body offers a classic, timeless look and outstanding durability—resistant to scratches, dents, and corrosion. The magnetic quick–release cap ensures instant, one–handed access. With a satisfying snap, users can remove the cap, jot a note, mark a box, score packaging, or even break glass in emergencies. 'Tipen Mini is designed to disappear on your keychain until the moment you need it,' says Lewis from YSMART. 'It's a tiny tool with a serious purpose—simple, strong, and always ready.' More Than a PenTipen Mini's ceramic tip, rated 9.5 on the Mohs hardness scale, is built for more than paper. It writes smoothly on cardboard, tape, and other surfaces, and doubles as a scoring or light–prying tool. In a pinch, it can even shatter glass. Each Tipen Mini is available in multiple laser–engraved finishes to match different styles and preferences: Classic: Minimal and clean. Codex: Inspired by ancient scripts and modern circuitry. Gridlock: Bold geometric precision. Chainmail: Interlocking patterns with extra grip. A New Evolution in YSMART's LineupTipen Mini follows in the footsteps of YSMART's popular pens and tools, offering a more compact and refined design. While the previous P3N combined aerospace carbon fiber and titanium for a modern look, Tipen Mini embraces a full titanium build for a sleek, classic aesthetic—lighter, smaller, and even easier to carry. Made Possible by the YSMART CommunityYSMART has built a reputation for delivering high–quality, innovative EDC products. Each project is developed with direct input from backers and enthusiasts worldwide. 'We're excited to invite our community to help bring Tipen Mini to life,' says Frank, the designer. 'Every campaign is a collaboration, and we can't wait to see Tipen Mini out in the world.' Kickstarter Rewards & Limited–Time OffersEarly backers can take advantage of an Early Bird reward tier that offers up to 50% off MSRP along with exclusive bonuses, including extra customized refills, premium gift/storage box, and titanium keyrings. These offers are available for a limited time only while supplies last. Learn more about the campaign: assets & media pack: About YSMARTYSMART designs cutting–edge EDC gear that combines minimalism, durability, and innovation. From flashlights to pens and beyond, every product is built to make life a little easier—and a little more exciting—for everyday carry enthusiasts around the world. For Media InquiryContact: Ysmart Design TeamTel: +447846772288Website: 398344@
Yahoo
10-07-2025
- Business
- Yahoo
Duos Edge AI To Deploy Edge Data Centers in Corpus Christi
Two additional EDCs accelerates rollout, expanding edge infrastructure and increasing carrier access JACKSONVILLE, Fla., July 10, 2025 (GLOBE NEWSWIRE) -- Duos Technologies Group, Inc. ('Duos' or the 'Company') (Nasdaq: DUOT), through its operating subsidiary Duos Edge AI, Inc. ('Duos Edge AI'), a provider of adaptive, versatile and streamlined Edge Data Center ('EDC') solutions tailored to meet evolving needs in any environment, today announced the upcoming deployment of two new EDCs in Corpus Christi, Texas. The deployment reinforces Duos' rapid execution strategy in scaling next-generation edge infrastructure. Scheduled to be delivered at the end of July, the Corpus Christi EDCs will serve as central communications hubs for carriers delivering services to mobile operators, enterprises, local education, healthcare, and digital economy sectors while driving growth across the local line with Duos Edge AI's strategy to expand next-generation infrastructure in underserved and high-growth markets, the latest project in Corpus Christi demonstrates the Company's ability to execute quickly and at scale. With seamless carrier integration and uninterrupted service, the initiative removes key hurdles to edge connectivity while accelerating service readiness for regional partners. 'Our Corpus Christi project highlights the speed, precision, and value of our Edge AI model,' said Doug Recker, President and Founder of Duos Edge AI. 'We're delivering high-availability, localized computing power that enables fiber and network providers to scale efficiently and meet increasing demand at the edge. We are bringing a state-of-the-art EDC solution to Corpus Christi to enable the major communications carriers to have an even more robust solution to the Corpus Christi market.' The Corpus Christi deployment is part of Duos Edge AI's 2025 plan to deploy 15 EDCs nationwide. With modular design, rapid deployment, and a focus on bridging the digital divide, Duos continues to unlock localized high-speed computing capacity in regions where it's needed most. To learn more about Duos Edge AI, visit: learn more about Duos Technologies, visit About Duos Edge AI, Inc. Duos Edge AI, Inc. is a subsidiary of Duos Technologies Group, Inc. (Nasdaq: DUOT). Duos Edge AI's mission is to bring advanced technology to underserved communities, particularly in education, healthcare and rural industries, by deploying high-powered edge computing solutions that minimize latency and optimize performance. Duos Edge AI specializes in high-function Edge Data Center ('EDC') solutions tailored to meet evolving needs in any environment. By focusing on providing scalable IT resources that seamlessly integrate with existing infrastructure, its solutions expand capabilities at the network edge, ensuring data uptime onsite services. With the ability to provide 100 kW+ per cabinet, rapid 90-day deployment, and continuous 24/7 data services, Duos Edge AI aims to position its edge data centers within 12 miles of end users or devices, significantly closer than traditional data centers. This approach enables timely processing of massive amounts of data for applications requiring real-time response and supporting current and future technologies without large capital investments. For more information, visit About Duos Technologies Group, Technologies Group, Inc. (Nasdaq: DUOT), based in Jacksonville, Florida, through its wholly owned subsidiaries, Duos Technologies, Inc., Duos Edge AI, Inc., and Duos Energy Corporation, designs, develops, deploys and operates intelligent technology solutions for Machine Vision and Artificial Intelligence ('AI') applications including real-time analysis of fast-moving vehicles, Edge Data Centers and power consulting. For more information, visit , and This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding, among other things, our plans, strategies and prospects -- both business and financial. Although we believe that our plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, we cannot assure you that we will achieve or realize these plans, intentions or expectations. Forward-looking statements are inherently subject to risks, uncertainties and assumptions. Many of the forward-looking statements contained in this news release may be identified by the use of forward-looking words such as "believe," "expect," "anticipate," "should," "planned," "will," "may," "intend," "estimated" and "potential," among others. Important factors that could cause actual results to differ materially from the forward-looking statements we make in this news release include market conditions and those set forth in reports or documents that we file from time to time with the United States Securities and Exchange Commission. We do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in our expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law. All forward-looking statements attributable to Duos Technologies Group, Inc. or a person acting on its behalf are expressly qualified in their entirety by this cautionary language. A photo accompanying this announcement is available at This press release was published by a CLEAR® Verified individual. CONTACT: Contacts Corporate Fei Kwong Director, Corporate Communications Duos Technologies Group, Inc. (Nasdaq: DUOT) +1.904.652.1625 DUOT@ Duos Edge AI Media Contact iMiller Public Relations +1.914.315.6424 pr@ while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Scottish Sun
10-07-2025
- Entertainment
- Scottish Sun
DJ Ahmed Spins goes from sending out demos under fake names to lighting up the stage at Coachella
Read on to find out his summer sounds SUMMER SOUNDS DJ Ahmed Spins goes from sending out demos under fake names to lighting up the stage at Coachella Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) MOROCCAN-born producer and multi-instrumentalist Ahmed Spins has gone from sending out demos under fake names just a few years ago, to lighting up stages at Coachella, EDC Las Vegas and Electric Forest. Ahmed was also one of only a few up-and-coming DJs invited to play the opening party of Ibiza's new hyper club, [UNVRS], cementing his reputation as one of the most exciting new rising stars in house music. Sign up for the Entertainment newsletter Sign up 1 Ahmed is a fresh up-and-coming DJ Now, fresh from those huge sets and ahead of his set at London's Junction 2 on July 25, he teams up with French-Moroccan rising star Ankhoï on 'Mood' -a sun-soaked, funk-tinged anthem featuring Caroline Byrne (Gorgon City, Ferreck Dawn) and live guitar from Neyl. Out now on DHB Records and premiered at the Giza pyramids, 'Mood' is full of warmth, groove, and radiant energy. We caught up with Ahmed this week and he's curated an exclusive playlist that mirrors that feeling, featuring his new track alongside high-vibe cuts from Ankhoï, Jazzy, Carlita, Cameron Jack, Audiojack, Dennis Cruz, Midland, and ANOTR. It's a go-to summer soundtrack, whether you're poolside, on a road trip chasing the sun or setting the tone for a long night ahead. Ahmed Spins, Ankhoï (ft. Caroline Byrne & Neyl) - Mood My new track - it's the feel-good summer song you needed to brighten your day! The uplifting melodies and warm grooves will instantly put a smile on your face. Jazzy, Ankhoï - Closer To The Floor The perfect road trip song that sets the tone for any adventure. There's something about the bassline and vocals that makes every drive feel cinematic. Carlita, Andre Zimmer - Raf This one gets everyone's hands raised on the dance floor and is made by my close friend Carla, which makes it even more special. It's a perfect example of her unique style and artistry. Cameron Jack - Red Light This track is such a good grove. Play this in my sets a lot and it always gets the crowd dancing and good vibes going. Audiojack - 90s Dreamin' An instant mood uplifter that brings a rush of good energy every time. It channels the nostalgia of classic house with a modern twist that feels both fresh and familiar. Dennis Cruz - Fabulous My favorite club track because it never fails to light up the room. The driving percussion and infectious hooks create an atmosphere that's impossible to ignore. Midland - Final Credits It's a universal tune that will last for generations thanks to its timeless vibe. It's a track you can play in almost any setting and trust it will hit the mark. ANOTR - Falling Feels Like Flying (ft. Kabusa Oriental Choir) he track that changed my life and continues to inspire everything I do! It reminds me why I fell in love with producing music in the first place.
