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Custom Truck One Source's Q1 Earnings Call: Our Top 5 Analyst Questions
Custom Truck One Source's Q1 Earnings Call: Our Top 5 Analyst Questions

Yahoo

time6 days ago

  • Business
  • Yahoo

Custom Truck One Source's Q1 Earnings Call: Our Top 5 Analyst Questions

Custom Truck One Source's first quarter drew a negative market reaction as revenue growth fell short of Wall Street's expectations. Management attributed the slower top-line growth to ongoing economic uncertainty and shifting customer preferences, particularly as some customers deferred equipment purchases in favor of rentals. CEO Ryan McMonagle highlighted robust demand in the company's core utility end markets, stating, 'Average utilization in the quarter was just under 78%, up 440 basis points versus Q1 of last year,' reflecting continued strength in the rental segment. However, softness among smaller customers and margin pressure from product mix weighed on results. Is now the time to buy CTOS? Find out in our full research report (it's free). Revenue: $422.2 million vs analyst estimates of $435.5 million (2.7% year-on-year growth, 3% miss) Adjusted EPS: -$0.05 vs analyst estimates of -$0.05 (in line) Adjusted EBITDA: $73.43 million vs analyst estimates of $78.2 million (17.4% margin, 6.1% miss) The company reconfirmed its revenue guidance for the full year of $2.02 billion at the midpoint EBITDA guidance for the full year is $380 million at the midpoint, above analyst estimates of $375.9 million Operating Margin: 2.9%, down from 4.5% in the same quarter last year Backlog: $420.1 million at quarter end Market Capitalization: $1.11 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. Nicole Sheree (Deutsche Bank): Asked what underpins confidence in accelerating revenue growth for the rest of the year. CEO Ryan McMonagle pointed to strong rental growth in ERS, a rebound in TES order flow, and a historically stronger second half for sales. Nicole Sheree (Deutsche Bank): Inquired if federal infrastructure spending pauses might delay TES demand. McMonagle responded that current backlog and customer conversations show no sign of project delays, and noted the rental model provides flexibility if purchasing is deferred. Tami Zakaria (JPMorgan): Sought detail on inventory increases and tariff mitigation. McMonagle explained inventory was pulled forward to offset potential price hikes, and that supplier relationships and sourcing adjustments help manage tariff risks. Tami Zakaria (JPMorgan): Asked whether inventory reduction would be linear or back-end weighted. McMonagle stated reductions would be more heavily weighted to the second half of the year, following earlier inventory builds. Brian Brophy (Stifel): Queried about ERS rental rate trends and TES gross margin outlook. CFO Chris Eperjesy said rental yields remained steady, with limited upside, and TES margins are expected to remain in the 15–18% range, impacted by product mix and customer composition. In the coming quarters, our analysts will be tracking (1) the pace at which TES backlog converts into equipment sales and margin recovery, (2) the ability to maintain high utilization rates in the rental fleet amid shifting customer demand, and (3) updates on tariff impacts and inventory normalization. We will also monitor progress toward free cash flow generation and leverage reduction targets. Custom Truck One Source currently trades at $4.92, up from $4.01 just before the earnings. Is there an opportunity in the stock?Find out 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-micro-cap company Kadant (+351% five-year return). Find your next big winner with StockStory today. Sign in to access your portfolio

Brenmiller Energy Signs a Memorandum of Understanding to Advance Thermal Energy Storage Solutions in Japan with a Major Japanese Corporation
Brenmiller Energy Signs a Memorandum of Understanding to Advance Thermal Energy Storage Solutions in Japan with a Major Japanese Corporation

Miami Herald

time6 days ago

  • Business
  • Miami Herald

Brenmiller Energy Signs a Memorandum of Understanding to Advance Thermal Energy Storage Solutions in Japan with a Major Japanese Corporation

ROSH HAAYIN, ISRAEL and YOKOHAMA, JAPAN / ACCESS Newswire / June 26, 2025 / Brenmiller Energy Ltd. ("Brenmiller" or the "Company") (Nasdaq:BNRG), a global leader provider of thermal energy storage ("TES") solutions for industrial and utility customers, and a major Japanese Corporation, which is a prominent Japan-based engineering and project development company, announced today the signing of a non-binding Memorandum of Understanding ("MOU") to collaborate on the deployment of sustainable heating solutions in Japan. The agreement marks a significant milestone in both companies' commitment to accelerating the energy transition and decarbonization of industrial processes. Under the MOU, Brenmiller and the Japanese corporation will work together to explore commercial opportunities for Brenmiller's TES technology, focusing on replacing fossil-fuel-based boilers with innovative, zero-emission TES systems. Collaboration to Drive Market Growth in Japan As part of the collaboration, the Japanese corporation will leverage its market experience as a global engineering company with expertise in project development, energy transition, and infrastructure solutions. Headquartered in Yokohama, Japan, the Japanese corporation aims to play a pivotal role in delivering innovative, sustainable solutions across various sectors, including energy, industrial, and environmental industries. Under the MOU, the Japanese corporation will identify and develop opportunities for TES system implementation across Japan. The initiative includes promoting both direct sales of TES equipment and Heat-as-a-Service ("HaaS") models for industrial and utility-scale applications. "We are excited to work with a major Japanese player, a company with a strong reputation for driving innovation and sustainability," said Avi Brenmiller, Chairman and Chief Executive Officer of Brenmiller. "Japan represents a potential market for thermal energy storage due to high penetration of renewables and desires for sustainable solutions, and this collaboration will help us accelerate decarbonization efforts for industrial heat-a critical step toward achieving net-zero targets." About Brenmiller Energy Ltd. Brenmiller Energy Ltd. helps energy-intensive industries and power producers end their reliance on fossil fuel boilers. Brenmiller's patented bGen™ ZERO thermal battery is a modular and scalable energy storage system that turns renewable electricity into zero-emission heat. It charges using low-cost renewable electricity and discharges a continuous supply of heat on demand and according to its customers' needs. The most experienced thermal battery developer on the market, Brenmiller operates the world's only gigafactory for thermal battery production and is trusted by leading multinational energy companies. For more information visit the Company's website at and follow the company on X and LinkedIn. Forward-Looking Statements: This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. Statements that are not statements of historical fact may be deemed to be forward-looking statements. For example, the Company is using forward-looking statements when discussing future commercial opportunities for the Company's TES technology; replacing fossil-fuel-based boilers with innovative, zero-emission TES systems; that the Japanese corporation will leverage its market experience and engineering expertise to identify and develop opportunities for TES system implementation across Japan; future outcomes of the MOU including promoting direct sales of TES equipment and HaaS models for industrial and utility-scale applications; that the collaboration will help accelerate decarbonization efforts for industrial heat and contribute to achieving net-zero targets. Without limiting the generality of the foregoing, words such as "plan," "project," "potential," "seek," "may," "will," "expect," "believe," "anticipate," "intend," "could," "estimate" or "continue" are intended to identify forward-looking statements. Readers are cautioned that certain important factors may affect the Company's actual results and could cause such results to differ materially from any forward-looking statements that may be made in this press release. Factors that may affect the Company's results include, but are not limited to: the Company's planned level of revenues and capital expenditures; risks associated with the adequacy of existing cash resources; the demand for and market acceptance of our products; impact of competitive products and prices; product development, commercialization or technological difficulties; the success or failure of negotiations; trade, legal, social and economic risks; and political, economic and military instability in the Middle East, specifically in Israel. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's Annual Report on Form 20-F for the year ended December 31, 2024 filed with the U.S. Securities and Exchange Commission ("SEC") on March 4, 2025, which is available on the SEC's website, The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law. Contact: investors@ SOURCE: Brenmiller Energy

Brenmiller Energy Comments on Reverse Share Split Ahead of Expected Near-Term Milestones
Brenmiller Energy Comments on Reverse Share Split Ahead of Expected Near-Term Milestones

Miami Herald

time18-06-2025

  • Business
  • Miami Herald

Brenmiller Energy Comments on Reverse Share Split Ahead of Expected Near-Term Milestones

ROSH HA'AYIN, IL / ACCESS Newswire / June 18, 2025 / Brenmiller Energy Ltd. ("Brenmiller", "Brenmiller Energy" or the "Company") (NASDAQ:BNRG), a leading global provider of Thermal Energy Storage ("TES") solutions for industrial and utility customers, today issued a letter from its Chief Executive Officer, Avi Brenmiller. To Our Shareholders, As previously announced, today at the close of trading on the Nasdaq Capital Market, Brenmiller Energy will implement a reverse share split-a strategic and proactive decision made to protect and preserve shareholder value as we approach a critical period of execution on our business objectives. This decision followed extensive internal consideration about the timing and impact of a reverse share split. Ultimately, we determined that the best course of action was to be decisive today, which will allow us to remain focused on what matters most in the days ahead: delivering on our milestones. The value that Brenmiller Energy has built is evident: More than a decade of TES innovation and $118 million in investments have led to deployments across Europe, the U.S., and the Middle EastCommissioning and building over 100 MWh of projectsA $500 million pipeline of commercial opportunities4GWh of manufacturing capacity Let us be clear: a reverse split changes the number of shares outstanding, but it does not impact your ownership. All shareholders-including insiders-are impacted equally by this reverse split. That's not incidental. It's intentional. We are all in this together. Our Company's founders and management, including myself, continue to have significant holdings in Brenmiller Energy. Investors can be assured that all of our interests are aligned. As we are aiming to move towards key implementation milestones for commercial deployment in the near-term, with funding commitments for projects within our existing portfolio, and strategic collaborations-we believe that these future achievements will translate into tangible value for shareholders. We're not waiting for the market to understand what we've built. We are aiming to make it impossible to ignore. As we've shared throughout 2025, we believe that Brenmiller Energy has entered a new phase-one defined by acceleration. Our recent progress with TES projects including Tempo Beverages in Israel and SolWinHy in Spain makes that clear: we believe we are on the verge of a breakout moment with a robust global commercial pipeline and technology that's already proven in the field. The result? Real operating momentum that we believe will spark interest in our technology-and a reappraisal of the value it truly deserves. We thank you for standing with us, and we invite you to stay close. We believe that the weeks ahead won't just validate our vision-they'll define it. Sincerely, Avi BrenmillerCEO, Brenmiller Energy Ltd. About Brenmiller Energy Ltd. Brenmiller Energy helps energy-intensive industries and power producers end their reliance on fossil fuel boilers. Brenmiller's patented bGen™ ZERO thermal battery is a modular and scalable energy storage system that turns renewable electricity into zero-emission heat. It charges using low-cost renewable electricity and discharges a continuous supply of heat on demand and according to its customers' needs. The most experienced thermal battery developer on the market, Brenmiller operates the world's only gigafactory for thermal battery production and is trusted by leading multinational energy companies. For more information visit the Company's website at and follow the company on X and LinkedIn. Forward-Looking Statements: This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. Statements that are not statements of historical fact may be deemed to be forward-looking statements. For example, the Company is using forward-looking statements when it discusses: expected near-term milestones; the timing for implementing a reverse share split; its protecting and preserving shareholder value as the Company approaches a critical period of execution its business objectives;; the Company's future commercial deployment milestones, funding commitments for projects within its existing portfolio, and strategic collaborations and that such future achievements will translate into tangible value for shareholders; future interest in the Company's technology and a reappraisal of its value; and the Company's $500 million pipeline of commercial opportunities. Without limiting the generality of the foregoing, words such as "plan," "project," "potential," "seek," "may," "will," "expect," "believe," "anticipate," "intend," "could," "estimate" or "continue" are intended to identify forward-looking statements. Readers are cautioned that certain important factors may affect the Company's actual results and could cause such results to differ materially from any forward-looking statements that may be made in this press release. Factors that may affect the Company's results include, but are not limited to: the Company's planned level of revenues and capital expenditures; risks associated with the adequacy of existing cash resources; the demand for and market acceptance of our products; impact of competitive products and prices; product development, commercialization or technological difficulties; the success or failure of negotiations; trade, legal, social and economic risks; and political, economic and military instability in the Middle East, specifically in Israel. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's Annual Report on Form 20-F for the year ended December 31, 2024 filed with the U.S. Securities and Exchange Commission ("SEC") on March 4, 2025, which is available on the SEC's website, The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law. Contact: investors@ SOURCE: Brenmiller Energy

How technology is modernising recruitment in Temporary Employment Services
How technology is modernising recruitment in Temporary Employment Services

IOL News

time17-06-2025

  • Business
  • IOL News

How technology is modernising recruitment in Temporary Employment Services

Pierre Bekker, Director at Quyn International Outsourcing Image: Supplied In the Temporary Employment Services (TES) sector, technology is redefining how companies connect with the right talent, and how quickly and accurately it can happen. With smart tools like Artificial Intelligence (AI), automation, and integrated digital platforms, TES providers in South Africa are now working more efficiently and delivering better results for both employers and job seekers. But this shift isn't about replacing recruitment specialists with machines. Instead, it's about empowering TES professionals to work smarter, focus on strategic relationships, and offer real value in a fast-changing labour market. AI makes smarter, faster matches One of the biggest challenges in the TES environment is managing high volumes of CVs while in the pursuit of matching the right candidate to the right role in record time. Traditionally, this meant that recruiters would spend hours manually reviewing CVs and cross-referencing job descriptions. But AI is changing that. By analysing job descriptions and comparing them to candidate profiles using keywords and contextual relevance, AI tools can quickly identify patterns, rank applicants, and prioritise the best matches. These algorithms continuously improve over time, learning from past hiring decisions to enhance future results. This doesn't just reduce the time it takes to fill a position; it also improves the quality of the match because AI considers factors like availability, experience, and even previous performance to ensure the right person lands in the right role, the first time. Automation shifts the recruiter's focus More than just sophisticated candidate matching, automation streamlines many of the repetitive administrative tasks that have, until now, slowed recruiters down. Tasks such as interview scheduling, document collection, and sending follow-up messages can now be handled automatically. This frees up recruiters' time to play a more strategic and consultative role. Instead of spending hours on paperwork or scheduling, they can focus on understanding client needs, building relationships, and enhancing employer branding. This shift in focus leads to better long-term planning and workforce strategies, allowing TES providers to act not only as staffing suppliers but as trusted workforce partners. Digital platforms also help recruiters rethink the end-to-end hiring process. These platforms centralise everything - from job postings and candidate databases to communication and task tracking. For TES providers, this means a more organised, transparent process as communication between recruiters, clients, and candidates becomes smoother and faster, with fewer dropped balls. Real-time dashboards and reporting tools give clients insights into hiring progress and trends, while candidates benefit from quicker feedback and clearer application journeys. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Next Stay Close ✕ It's not just about speed, it's about outcomes For clients, the adoption of technology by TES providers translates into faster turnaround times, improved quality of hires, and greater visibility into the recruitment process. Predictive analytics and labour market data give deeper insights into talent availability and hiring trends, which is critical when working on projects like plant shutdowns or ramping up new operations. Here, candidates benefit too. With better data and AI-assisted matching, job seekers receive more relevant opportunities, quicker responses, and a smoother application experience. The whole process feels less like a black hole and more like a guided journey. While faster hiring is important, TES providers are recognising that speed alone isn't enough. Prioritising speed over fit can result in poor hires, higher turnover, and long-term reputational damage. By focusing on quality placements, TES providers help build more stable, productive workforces for their clients. The right fit leads to better job satisfaction, stronger performance, and lower employee churn - outcomes that benefit everyone involved. Technology enhances the value of TES providers The demands on TES providers are skyrocketing. Clients seek more flexible, agile staffing solutions that can respond to shifts in workforce requirements at short notice. Whether it's responding to a regulatory change, expanding a production line, or supporting a temporary project, TES providers must move quickly and confidently. Smart technologies, such as real-time labour market analytics and predictive forecasting, can equip TES teams to anticipate skills shortages, adjust talent pipelines, and support clients with effective workforce planning. These capabilities are vital in helping businesses stay competitive and compliant. Importantly, technology isn't here to replace the human touch in recruitment - it's here to support and strengthen it. For TES firms, digital tools are helping shift the role from admin-heavy tasks to more strategic, consultative work. With streamlined processes and access to deeper insights, South African TES providers are now better positioned to respond to shifting labour market needs, build lasting client relationships, and offer a smoother, more positive experience for candidates throughout the hiring journey. Pierre Bekker, Director at Quyn International Outsourcing

MAG reinforces Langkawi's role as key tourism gateway
MAG reinforces Langkawi's role as key tourism gateway

New Straits Times

time17-06-2025

  • Business
  • New Straits Times

MAG reinforces Langkawi's role as key tourism gateway

KUALA LUMPUR: Malaysia Aviation Group (MAG) continues to champion Langkawi's role as a vital tourism gateway and catalyst for regional growth. "Malaysia is more than a destination. It is a story of rich culture, warm hospitality, and global potential. "As the national carrier, Malaysia Airlines carries this story across continents, serving as a bridge between nations and a proud ambassador of everything Malaysia stands for," said Dersenish Aresandiran, chief commercial officer of airlines at MAG. Langkawi, one of Malaysia Airlines' earliest and most iconic leisure destinations, remains central to the airline's network. With 56 weekly flights linking the island to major cities across Malaysia and beyond, MAG continues to champion Langkawi's strategic role in tourism and economic development. In line with this commitment, Malaysia Airlines recently partnered with the Malaysia Convention and Exhibition Bureau and the Langkawi Development Authority to host the second edition of its flagship Trade Elevation Summit (TES). Building on the success of last year's inaugural event in Kuala Lumpur, TES 2025 welcomed more than 300 delegates, including airline representatives, trade partners, and stakeholders from 68 global cities, creating a high-impact platform for collaboration and strategic dialogue. "Hosting the Trade Elevation Summit here reflects our long-standing commitment to uplifting Malaysia's key tourism hubs and aligning our efforts with national goals," Dersenish added. "Through initiatives like the Bonus Side Trip and ongoing investments in connectivity, product innovation, digital platforms, and customer experience, we are strengthening our foundations and positioning Malaysia Airlines as the top-of-mind carrier in the region." He added that the summit marks an important milestone in the airline's journey towards Visit Malaysia Year 2026, where Malaysia Airlines will continue playing a leading role in promoting the country as a world-class travel destination.

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