LATHAM

Plug Announces First Quarter 2024 Financial Results

Retrieved on: 
Thursday, May 9, 2024
Hydrogen, Quarter, DOE, Yoy, Power purchase agreement, Partnership, Webcast, Impairment, Primary energy, Plant, Public expenditure, FID, Plug Power, EPS, Uline, TPD, Watt, Absorption, Electrolysis, Interest, Renewable energy

LATHAM, N.Y., May 09, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG) (the “Company”), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, announced its financial results and operational milestones for the first quarter of 2024.

Key Points: 
  • LATHAM, N.Y., May 09, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG) (the “Company”), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, announced its financial results and operational milestones for the first quarter of 2024.
  • Earnings-Per-Share (EPS) and Revenue: The Company reported revenue of $120.3 million and EPS loss of $0.46 for the quarter ended March 31, 2024.
  • Consistently with past seasonality and continued new product scaling, Plug expects that one-third of its full year revenue will be in the first half of 2024.
  • As of the Q1 2024 earnings date, Plug currently has 20 electrolyzer systems undergoing commissioning at third-party customer sites, with further deliveries to be made over the balance of 2024.

Latham Group, Inc. Reports First Quarter 2024 Financial Results

Retrieved on: 
Tuesday, May 7, 2024
Fiberglass, Investment, Capital, Growth, Capital expenditure

LATHAM, N.Y., May 07, 2024 (GLOBE NEWSWIRE) -- Latham Group, Inc. (Nasdaq: SWIM), the largest designer, manufacturer, and marketer of in-ground residential swimming pools in North America, Australia, and New Zealand, today announced financial results for the first quarter 2024 ended March 30, 2024.

Key Points: 
  • Gross profit for the first quarter of 2024 was $30.6 million, a decrease of $2.8 million or 8.3%, from $33.4 million in the prior year’s first quarter.
  • Adjusted EBITDA for the first quarter of 2024 was $12.3 million, up $1.3 million or 11.4% from $11.0 million in the prior year’s first quarter.
  • Latham ended the quarter with cash of $43.8 million after the repayment of $18.8 million of debt in the first quarter.
  • Capital expenditures totaled $5.3 million in the first quarter of 2024, compared to $9.9 million in the first quarter of 2023.

Montana Technologies Corp. Expands Management Team with Key Appointments

Retrieved on: 
Tuesday, May 7, 2024
Permian, Shell USA, Blockchain, ExxonMobil, Opportune, Air conditioning, Water, Mechanical, Vanderbilt University Law School, J.M. Huber Corporation, Centennial, Associate, Shell, Knowledge, Credit Suisse, University, Business administration, Audit committee, Brigham Young University, Executive, The arts, FP, Moses Austin, Rice University, Latham & Watkins, Jefferies, Senior, CFA, Tulane University, Management

RONAN, Mont., May 7, 2024 /PRNewswire/ -- Montana Technologies Corp. (NASDAQ: AIRJ) ("Montana"), the developer of AirJoule®, a transformational atmospheric thermal energy and water harvesting technology, announced today that it has appointed the following financial and legal executives to its management team:

Key Points: 
  • The management team will also include Pat Eilers, the Chairman of Montana's Board of Directors, who has been named Montana's Executive Chairman.
  • Pat Eilers, Executive Chairman, said, "Adding a strong management team to our outstanding technology team is key to accomplishing the ambitious and important work that lies ahead for Montana.
  • Montana also announced today that members of its management team will ring the Nasdaq Opening Bell on Wednesday, May 22nd.
  • Prior to joining Talara Capital Management, Mr. Gutke served as a Director of Denham Capital Management and a Manager at both J.M.

Plug Signs MOU with Allied Green Ammonia for 3GW of Electrolyzer Supply at World-Class Green Ammonia Production Facility

Retrieved on: 
Friday, May 3, 2024
Hydrogen, MOU, Natural gas, Electricity, Steam, Carbon, SMR, Oxygen, FID, Ammonia, PEM, TPD, Electrolysis

Following the MOU, Plug and AGA plan to enter an agreement, as outlined in the MOU, to initiate a Basic Engineering and Design Package (BEDP) for the 3GW capacity project.

Key Points: 
  • Following the MOU, Plug and AGA plan to enter an agreement, as outlined in the MOU, to initiate a Basic Engineering and Design Package (BEDP) for the 3GW capacity project.
  • “Ammonia producers have recognized the substantial advantages of cost and carbon reduction through electrolysis-based hydrogen,” said Plug CEO Andy Marsh.
  • AGA’s production facility will operate a 2500 metric ton-per-day (TPD) green ammonia process.
  • The facility is geographically positioned to meet AGA’s intended customers’ growing needs, providing them with a reliable and secure supply of green ammonia from the region.

Plug Signs Additional BEDP Contracts for a Total of 4.5GW of Electrolyzers Across Europe and the United States

Retrieved on: 
Thursday, April 25, 2024
Proton, EnergySolutions, Risk, OEM, Engineering, Proton-exchange membrane, FID, PEM, Growth

These agreements enhance Plug’s overall BEDP portfolio, bringing the company’s total amount of global BEDP contracts to 4.5 gigawatts (GW).

Key Points: 
  • These agreements enhance Plug’s overall BEDP portfolio, bringing the company’s total amount of global BEDP contracts to 4.5 gigawatts (GW).
  • Earlier this year, Plug finalized a 500MW contract in Europe, and with the addition of this 350MW contract, the company has now closed 850MW of BEDP contracts in just four months.
  • "Within just three years, we've significantly scaled our business and have successfully shipped and deployed electrolyzers across five continents.
  • Over the course of 2024, it plans to deliver an additional 40 systems for a cumulated total of 189MW.

Plug Continues to Make Substantial Advancement in Hydrogen Generation Buildout

Retrieved on: 
Tuesday, April 23, 2024
Proton, EnergySolutions, Olin Corporation, Hydrogen, Proton-exchange membrane, PEM, TPD, Growth, Joint

LATHAM, N.Y., April 23, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, has reached nameplate capacity at the company’s hydrogen plants in Georgia and Tennessee. With this increased supply from our hydrogen production network, Plug will benefit from a lower cost of hydrogen, a crucial step in the company’s roadmap to achieve profitable growth. This is headlined by the company’s first green hydrogen plant in Georgia already reaching nameplate capacity of 15 tons per day (TPD) of liquid hydrogen production, marking a significant milestone for Plug’s hydrogen network and the hydrogen economy in the U.S.

Key Points: 
  • Recalibrated hydrogen pricing continues to make solid progress, underscoring strategic nature of Plug’s customer relationships
    LATHAM, N.Y., April 23, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, has reached nameplate capacity at the company’s hydrogen plants in Georgia and Tennessee.
  • With this increased supply from our hydrogen production network, Plug will benefit from a lower cost of hydrogen, a crucial step in the company’s roadmap to achieve profitable growth.
  • Plug has continued to make substantial progress on building out its North America green hydrogen network to meet customer demand.
  • In addition, the company continues to collaborate with its key hydrogen supplier in the U.S. Plug is doing substantial work on other U.S.-based plants and is actively engaged with key strategic suppliers to facilitate the expansion of its green hydrogen network and to achieve cost-effectiveness in green hydrogen production at scale.

Kaplan Educational Foundation Honors Danielle Conley and Harold Elish for Commitment to Equity and Opportunity

Retrieved on: 
Wednesday, May 1, 2024
Professional Services, Philanthropy, DEI (Diversity, Equity and Inclusion), Other Education, Continuing, Fund Raising, University, Foundation, Primary, Secondary, Education, Yale University, Treasurer, Woman, LLP, Lawyer, Mentorship, Policy, Supreme court, HR, School, Award, Barack Obama, WEB, Justice, Reproductive rights, Financial Times, UBS, K-8, Supreme, LGBTQ, Engineering, Cornell University, Smith, Medicine, Committee, Multimedia, Graham Holdings, Democracy, Student, Associate, Government, Latham & Watkins, Management

View the full release here: https://www.businesswire.com/news/home/20240501978493/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240501978493/en/
    Kaplan Educational Foundation 2024 Leadership Award honorees Danielle Conley & Harold Elish (Photo: Business Wire)
    Ms. Conley and Mr. Elish will accept the Leadership Awards at the Foundation’s annual benefit on May 15th in New York City.
  • The Award recognizes a demonstrated commitment to increasing opportunity and equity for individuals who have been overlooked and underserved, in education and beyond.
  • She has significant experience conducting sensitive internal investigations on issues pertaining to racial and gender equity.
  • Mr. Elish joined the Board of the Kaplan Educational Foundation in 2014, becoming the first person unaffiliated with Kaplan to serve.

WeightWatchers Appoints New Executive Leaders

Retrieved on: 
Thursday, April 11, 2024
LEGO, General counsel, PepsiCo, Genomic Health, Columbidae, Oracle, Privacy, Digital, IPO, SVP, Senior, Science, Acquisition, WW, Hyperion, Marketing, Stitch Fix, Associate, WW International, Biotechnology, Teladoc Health, Yahoo!, Latham & Watkins, Management

Debra Benovitz joined WeightWatchers in 2014 as SVP of Global Consumer Insights to guide the WeightWatchers user experience across product and marketing with data-backed insights.

Key Points: 
  • Debra Benovitz joined WeightWatchers in 2014 as SVP of Global Consumer Insights to guide the WeightWatchers user experience across product and marketing with data-backed insights.
  • She joined the Company’s leadership in 2015, and her role has become even more essential to guarantee all cross-functional touchpoints resonate with WeightWatchers members.
  • Her recent promotion to Chief Insights Officer expands her role to oversee all science and clinical research, including WeightWatchers #1 doctor recommended Points Program.
  • With more than 30 years of consumer insights experience, Debra has made significant contributions to WeightWatchers, delivering strategic consumer insights that drive business growth.

Latham Group, Inc. Announces First Quarter 2024 Earnings Release and Conference Call Date

Retrieved on: 
Wednesday, April 10, 2024
Internet, PIN

The Company will hold a conference call to discuss the results that same day at 4:30 PM Eastern Time.

Key Points: 
  • The Company will hold a conference call to discuss the results that same day at 4:30 PM Eastern Time.
  • We encourage participants to pre-register for the conference call by visiting https://dpregister.com/sreg/10188041/fc268d9013 .
  • Callers who pre-register will be sent a confirmation e-mail including a conference passcode and unique PIN to gain immediate access to the call.
  • To ensure you are connected for the full call, please register at least 10 minutes before the start of the call.

Nazan Riahei Joins SJW Group as Vice President of Communications

Retrieved on: 
Monday, April 15, 2024
Utilities, Energy, University, Nazan, FGS Global, University School, FGS, Knowledge, SJW, Communication, Multimedia, SJW Group, Growth, Latham & Watkins, Management

SJW Group (NYSE: SJW) announces that Nazan Riahei has been named vice president of communications for SJW Group, effective April 15.

Key Points: 
  • SJW Group (NYSE: SJW) announces that Nazan Riahei has been named vice president of communications for SJW Group, effective April 15.
  • In this newly created role, Riahei will oversee internal and external communications at SJW Group and help position the company’s national platform for future growth.
  • View the full release here: https://www.businesswire.com/news/home/20240415898481/en/
    Nazan Riahei, Vice President of Communications for SJW Group (Photo: Business Wire)
    “Nazan has a demonstrated track record of success and has developed a strong working relationship with SJW Group leaders since her support with our transformational merger nearly five years ago,” stated SJW Group’s Chair, President and CEO Eric W. Thornburg.
  • Prior to Abernathy MacGregor, Riahei served as an adviser at Sard Verbinnen & Co. (now known as FGS Global) and Brunswick Group.