Supply chain

Softeon Hosts Two Innovative Warehousing Solutions Sessions During MODEX

Retrieved on: 
Monday, March 4, 2024

During MODEX, Softeon is sharing warehouse automation strategies, live demonstrations, and expert networking opportunities.

Key Points: 
  • During MODEX, Softeon is sharing warehouse automation strategies, live demonstrations, and expert networking opportunities.
  • ET | Theater A
    “ Successfully Navigating the Great Material Handling Integration Challenge ” | Mark Fralick, CTO
    Wednesday, March 13 | 3:30 p.m. - 4:15 p.m.
  • In addition to attending Softeon’s warehouse-related sessions, MODEX attendees can join in a hole-in-one putting contest at the company’s booth #C7466.
  • Global supply chain leaders are encouraged to register to meet with Softeon’s team during MODEX by visiting https://info.softeon.com/modex .

Xometry Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Thursday, February 29, 2024

NORTH BETHESDA, Md., Feb. 29, 2024 (GLOBE NEWSWIRE) --  Xometry, Inc. (NASDAQ:XMTR), the global AI-powered marketplace connecting enterprise buyers with suppliers of manufacturing services, today reported financial results for the fourth quarter and full year ended December 31, 2023.

Key Points: 
  • NORTH BETHESDA, Md., Feb. 29, 2024 (GLOBE NEWSWIRE) --  Xometry, Inc. (NASDAQ:XMTR), the global AI-powered marketplace connecting enterprise buyers with suppliers of manufacturing services, today reported financial results for the fourth quarter and full year ended December 31, 2023.
  • “In Q4 2023, we delivered record financial results including our highest revenue and gross profit in Xometry history,“ said Randy Altschuler, Xometry’s CEO.
  • Marketplace revenue for the fourth quarter of 2023 was $112 million, an increase of 42% year-over-year.
  • Total gross profit for the fourth quarter 2023 was $49.1 million, an increase of 39% year-over-year.

Boston Beer Reports Fourth Quarter Financial Results

Retrieved on: 
Tuesday, February 27, 2024

BOSTON, Feb. 27, 2024 (GLOBE NEWSWIRE) -- The Boston Beer Company, Inc. (NYSE: SAM), today reported financial results for its fourth quarter and full fiscal year 2023 that ended December 30, 2023.

Key Points: 
  • BOSTON, Feb. 27, 2024 (GLOBE NEWSWIRE) -- The Boston Beer Company, Inc. (NYSE: SAM), today reported financial results for its fourth quarter and full fiscal year 2023 that ended December 30, 2023.
  • The 2023 fiscal fourth quarter included 13 weeks and is compared to the 2022 fiscal fourth quarter, which included 14 weeks.
  • Fourth quarter revenue was negatively impacted by a $5.1 million international sales tax adjustment.
  • The Company incurred impairment costs for brewery equipment of $1.5 million in the fourth quarter of 2023 and $1.5 million in the fourth quarter of 2022.

Unleashing TitanQ: Revolutionizing Problem-Solving with Quantum-Inspired Computing

Retrieved on: 
Thursday, February 22, 2024

Its user-friendly design ensures that businesses and researchers can effortlessly incorporate TitanQ into their existing systems, reducing the barriers to entry for Quantum-Inspired computing.

Key Points: 
  • Its user-friendly design ensures that businesses and researchers can effortlessly incorporate TitanQ into their existing systems, reducing the barriers to entry for Quantum-Inspired computing.
  • This democratization of Quantum-Inspired computing opens up a world of possibilities for developers, researchers, and businesses across various sectors.
  • Green Computing: In an era where sustainability is paramount, TitanQ takes a giant leap towards environmentally conscious computing.
  • With its Quantum-Inspired technology, ease of integration, green computing principles, and accessible API, TitanQ is poised to redefine the landscape of problem-solving.

PSA collaborates with HERE Technologies to optimize truck operations in Singapore

Retrieved on: 
Tuesday, February 20, 2024

Singapore – HERE Technologies , the leading location data and technology platform, today announced that it is enabling PSA Singapore (PSA), which operates the world’s largest transhipment hub with unrivalled connectivity, to transform its container truck ecosystem in Singapore, with the goal of optimizing the movement of goods at Singapore’s ports.

Key Points: 
  • Singapore – HERE Technologies , the leading location data and technology platform, today announced that it is enabling PSA Singapore (PSA), which operates the world’s largest transhipment hub with unrivalled connectivity, to transform its container truck ecosystem in Singapore, with the goal of optimizing the movement of goods at Singapore’s ports.
  • Singapore is the top maritime capital of the world[1] with the Port of Singapore as the world's second busiest port in terms of container volume.
  • This collaboration between HERE and PSA directly addresses this need by providing PSA with a seamless, easy-to-implement solution tailored to their requirements.
  • HERE is proud to enable PSA in shaping the future of port operations and smart logistics.”

DXP Enterprises Reports Fourth Quarter and Fiscal 2023 Results

Retrieved on: 
Thursday, March 7, 2024

DXP Enterprises, Inc. (NASDAQ: DXPE) today announced financial results for the fourth quarter and fiscal year ended December 31, 2023.

Key Points: 
  • DXP Enterprises, Inc. (NASDAQ: DXPE) today announced financial results for the fourth quarter and fiscal year ended December 31, 2023.
  • Fourth Quarter 2023 financial highlights:
    Sales were $407.0 million or $6.7 million per day for the fourth quarter of 2023, compared to $406.3 million or $6.6 million per day for the fourth quarter of 2022.
  • Adjusted earnings before interest, taxes, depreciation and amortization and other non-cash charges ("Adjusted EBITDA") for the fourth quarter of 2023 was $41.9 million compared to $31.6 million for the fourth quarter of 2022.
  • Fiscal Year 2023 financial highlights:
    Sales increased 13.4 percent to $1.7 billion or $6.7 million per day, compared to $1.5 billion or $5.9 million per day for fiscal 2022.

Steel Partners Holdings Reports Fourth Quarter and Full Year Results

Retrieved on: 
Friday, March 8, 2024

The Company recorded asset impairment charges of $0.5 million and $0.3 million for the three months ended December 31, 2023 and 2022, respectively.

Key Points: 
  • The Company recorded asset impairment charges of $0.5 million and $0.3 million for the three months ended December 31, 2023 and 2022, respectively.
  • The Company recorded asset impairment charges of $0.9 million and $3.2 million for the twelve months ended December 31, 2023 and 2022, respectively.
  • As of December 31, 2023, total debt was $191.4 million, an increase of $11.0 million, as compared to December 31, 2022.
  • As of December 31, 2023, net cash totaled $56.4 million, an increase of $104.0 million, as compared to December 31, 2022.

LocatorX Names UPS Veteran Mike Jones as CFO

Retrieved on: 
Wednesday, March 6, 2024

LocatorX names Mike Jones as its next Chief Financial Officer.

Key Points: 
  • LocatorX names Mike Jones as its next Chief Financial Officer.
  • Jones, who will be replacing Eddie Northen, brings over 30 years of experience at UPS, spending time in multiple divisions including Airline, Package Operations, and Supply Chain.
  • He served as VP of Investor Relations at UPS and was recognized as a Top IR Executive in the Transportation sector.
  • Mike was also the CFO of UPS Global Freight Forwarding, which included Air and Ocean Freight and Brokerage Services, and UPS Airlines, one of the largest worldwide cargo airlines.

Cummins promotes five new leaders to vice president

Retrieved on: 
Thursday, February 22, 2024

Cummins Inc. (NYSE: CMI) announced today the appointment of four leaders to the role of vice president, effective March 1 – Ricardo Roman, Michelle Probst, Gbile Adewunmi and Matt McQueen – in addition to Ashwath Ram, who was appointed Vice President in January.

Key Points: 
  • Cummins Inc. (NYSE: CMI) announced today the appointment of four leaders to the role of vice president, effective March 1 – Ricardo Roman, Michelle Probst, Gbile Adewunmi and Matt McQueen – in addition to Ashwath Ram, who was appointed Vice President in January.
  • Ricardo Roman – Vice President, Components Finance
    Roman stepped into the role of Controller for the Components Business Unit in 2022 during a critical period of evolution for the business.
  • Michelle Probst – Vice President, Leadership and Talent Development
    Probst recently expanded her role from Leadership Development to now leading Cummins Talent Development programs and processes globally.
  • Ram oversees the performance of the company’s five business units, including Engine, Power Generation, Distribution, Components and Accelera by Cummins.

Kodiak Expands Leadership Team with Appointment of Steve Katzenberger as Chief Operating Officer and Sonali Dalvi as Vice President of Product Development

Retrieved on: 
Tuesday, March 5, 2024

PARK CITY, Utah, March 5, 2024 /PRNewswire/ -- Kodiak, the breakfast company known for its high-protein, 100% whole grain products, announced the recent appointment of Steve Katzenberger as Chief Operating Officer and Sonali Dalvi Vice President of Product Development, a newly created role at Kodiak. Both Katzenberger and Sonali will report to CEO, Val Oswalt.

Key Points: 
  • PARK CITY, Utah, March 5, 2024 /PRNewswire/ -- Kodiak, the breakfast company known for its high-protein, 100% whole grain products, announced the recent appointment of Steve Katzenberger as Chief Operating Officer and Sonali Dalvi Vice President of Product Development, a newly created role at Kodiak.
  • "We are excited to have both Steve and Sonali join the Kodiak team," said Oswalt, CEO.
  • In a monumental addition to Kodiak, Dalvi will be the brand's first ever Vice President of Product Development, reinforcing Kodiak's dedication to creating superior products.
  • "I am so honored to be joining Kodiak on their mission to bring nutrient-rich meals to families," said Dalvi, VP, Product Development.