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Over the years, private equity has shifted from a focus on leverage and financial engineering to an ever-increasing emphasis on creating value through operational improvements within their portfolio companies. This shift includes enhancing management practices, investing in technology upgrades, and creating new sources of revenue.
Two additional key performance indicators that management will be discussing on this call are net asset value, or NAV, and return on equity, or ROE. NAV is defined as total assets minus total liabilities and is also reported on a per share basis. On today's call, I will provide my usual update regarding our performance in the quarter.
ARB is strongly committed to growing each of our brands by leveraging their respective foundations, while sharing bestpractices across our portfolio under our common ownership. For more information, please visit www.authenticrb.com.
New Product Development and Investment Collaboration : Ares and Vinci will explore launching co-branded products and investment strategies that leverage each platform’s unique capabilities. We admire the Ares team’s remarkable history and achievements to create one of the leading alternative asset management firms globally.
Rubicon will continue to pursue its dedicated investment strategy of partnering with founders and management teams to build market-leading enterprise software companies by leveraging its best-in-class value creation framework. Source: CISION PR Newswire Can’t stop reading?
With over 8,000 employees nationwide, Apex focuses on empowering its people to build a strong network of industry leaders who can share resources, bestpractices and expertise in order to deliver unparalleled service to customers. Source: Press Release Can’t stop reading?
Get the week’s top news delivered directly to your inbox – Sign up for our newsletter Sign up About Thoma Bravo Thoma Bravo is one of the largest software investors in the world, with approximately $134bn in assets under management as of September 30, 2023.
This includes robust increases in digital sales, progress leveraging our scale, continued deployment of our proprietary technology ecosystem, and efficiency improvements in our cost structure from efforts underway in the next phase of our journey to be a leading global digital restaurant company. s proprietary point-of-sale system, Poseidon.
Our Midland Gathering system has premier assets in the heart of the Midland Basin. It's an attractive asset that provides a growth engine of our Midland midstream operation. In addition, we reduced the leverage ratio to 4.01 In addition, we reduced the leverage ratio to 4.01 We built this system organically. last quarter.
The customer was facing rising costs in their SOC with little automation and adequate visibility into the rising number of tailored attacks that leveraged AI. We have hundreds of customers leveraging AI access. This deal was headlined by a SOC transformation where we both replaced multiple SIEMs with XSIAM and XDR.
The participating firms collectively represent about 30% of PE assets under management in Europe. Appropriately leveraging ESG data is an important step in this process. Steve Cain, ESG Product Specialist at Novata – Steve serves as a subject matter expert on trends in ESG standards development, regulatory changes, and bestpractices.
Asset under management flows were $25 billion in the quarter. By leveraging our technology and continuous investment in that technology and putting customers at the center of everything we do, we have successfully deepened our relationships and expanded our customer base across all our businesses. billion.
MJ: I’ve been in the world of sustainable investing for well over a decade, having started this part of my career at a large institutional LP, where I was responsible for ESG integration in alternative assets. That focuses your mind on where the firm stands and also what bestpractices are at the moment.
We can quickly gauge client intent and direct them to the best solutions, whether they need immediate answers or deeper discussions with the right expert team member. And by leveraging generative AI, we can deliver great client experiences at scale by handling more interactions and keeping more clients engaged with better automation.
Proactively integrating sustainability into our operations, culture, and stakeholder engagement, we leverage our scale to positively influence the broader VC ecosystem. This includes oversight of firm level practices, founder engagement and investment decision making processes.
We also continue to leverage data to create a more flexible, efficient, and intelligent network. Our Tricolor strategy will improve the efficiency and asset utilization of the entire FedEx system. One, it improves our density, improves our asset utilization, and expands margins. That's a fundamental restructuring of our network.
First, the Credit Karma platform is leveraging data and AI to deliver personalized experiences and compelling tax offers. The combination of our assets and our strategy creates a growth flywheel for Intuit to accelerate penetrating our $300 billion in TAM. A big -- large part of it is what the key bestpractices are, learnings are.
Two additional key performance indicators that management will be discussing on this call are net asset value, or NAV, and return on equity, or ROE. NAV is defined as total assets minus total liabilities and is also reported on a per-share basis. We've also continued to produce attractive results in our asset management business.
Our opportunity is to more effectively standardize and apply bestpractices to create additional value for our customers and shareholders. We recently rolled out the next phase of business services, which will help simplify and harmonize customer service and back office processes, leveraging our new platform.
This includes embedding retail bestpractices across the enterprise and ensuring we have the right organizational structure in place to enable our future success. In Q2, we continued to focus on driving leverage in our P&L while also funding initiatives that position us for long-term growth. And our work here is not done.
We've complimented the acquisition of these target assets with select high-quality independent tower provider portfolios, smaller tech and portfolios, and build-to-suit sites, which taken together, represent meaningful scale. And we've seen these factors come together to result in significant value creation on our assets.
In the quarter, we once again set production records from our advantaged assets in Guyana in the Permian. Can you build on some of your comments around, one, how is the asset performing from a volume and type curve perspective relative to expectations? The Pioneer acquisition increases that even further. million barrels per day.
Our most valuable asset that has allowed Hecla to grow and thrive is our people. Second is the quality of our assets, the solid foundation of long reserve lives, low-cost silver operations with great geologic potential in the best mining jurisdictions. Our net leverage ratio improved to 2.3 Moving to Slide 6.
We feel we have a unique responsibility to leverage our resources and tools to educate and advocate for the policies that are most in line with our purpose of advancing health outcomes for all. We remeasured the net assets to fair value less the cost to sell. businesses for an adjusted purchase price of approximately $148 million.
And we also recently announced several asset sales as part of our ongoing portfolio optimization efforts. We've successfully combined the two companies, taking bestpractices from both and applying them across our shale and tight portfolio. In September, the FTC completed its review of the company's merger with Hess.
The assets are strategically located near our existing Permian footprint in the liquids-rich Midland Basin. We've generated over $1 billion from asset dispositions toward our previously announced target of more than $3 billion. We had strong cash flow aided by working capital and proceeds from asset dispositions.
Environment CDPQ is well on track to achieve the targets underpinning the climate strategy it adopted in 2021, including its goal of reaching a net-zero portfolio by 2050 with: $53 billion in low-carbon assets, including $15 billion in Québec, representing an overall increase of $35 billion in low-carbon assets since 2017.
We'll focus on deepening the relationship with over 100 million Target Circle members and leveraging the power of our Roundel ad business to integrate relevant offers and promotions throughout the fall. Of course, we'll also continue to invest in our physical assets, positioning us for continued future growth.
We will remain disciplined in our approach to maximize free cash flow and are committed to having low leverage. I'm excited to see the results from teams sharing bestpractices. For 2025, we aim to sustain the acquired assets at approximately 100,000 BOE per day. And with that, I'll now turn the call over to Clay.
Our technical and operational excellence paired with a high-quality asset portfolio continued to deliver value across our businesses. Last week, we further strengthened our portfolio through the addition of CrownRock's assets in the Midland Basin. We're also looking forward to leveraging our newfound scale in the Midland Basin.
million customers and generated $305 million in pre-tax servicing income, thanks to continued strong operating leverage. And meanwhile, we continue to deliver very strong operating leverage. This platform is one example of how we leverage those 16 petabytes of data. We grew the servicing portfolio to $1.2
Quarter after quarter, we have delivered outstanding operational performance in our core assets while also driving forward progress in our emerging plays. However, we will continue to pursue a balanced development approach with this asset, which includes operating a full rig program throughout the year. We recently drilled a 3.7
we call it CBNA, which is our largest banking vehicle with approximately 70% of our assets. Revenues were up 4% overall as well as up in each of our five core businesses, where all but one had positive operating leverage. Our asset mix also reflects our strong risk appetite framework. We reported net income of $3.2
It is this next-gen portfolio driving that is our growth transformation and enabling our leverage. The result of all of this is that we continue to see strong non-GAAP EPS growth due to substantial operating leverage, which also translated to strength in GAAP EPS, which more than doubled quarter to quarter.
We saw an improvement of approximately $30 million from the fourth quarter last year, maintaining our net leverage ratio at 2.7 We expect to see the net leverage ratio improve to less than two times over the next 12 months as we see the full effect of Lucky Friday coming back into production, as well as the continued ramp-up at Keno Hill.
An integrated approach to ESG Submitted 10/07/2023 - 1:29pm PARTNER CONTENT As a multifamily real estate investment company investing in apartment buildings across the US, FPA Multifamily believes it can leverage its operations, supply chain and business model to create a positive impact. and empowering female leaders, among others.
To start, our consistent investment in maintaining and enhancing our theaters over time, which we have performed at sustained levels that significantly exceed our peers, has positioned our company with the largest collection of high-quality assets in our markets. At the end of the quarter, our net leverage ratio stood at 2.8
We are seeing great early feedback from our partnership with AWS Code Whisperer, the AI-powered coding companion that is now trained on MongoDB data to generate code suggestions based on MongoDB's bestpractices from over 15 years of history. In terms of our direct sales net additions, new sales activity remains healthy.
As we think about our broader known customer base, we are fortunate to have a tremendous amount of first-party customer data for our advanced analytics capabilities to leverage. Our stores are crucial assets that provide customers with differentiated experiences, services, and convenient multichannel fulfillment.
Boosting your negotiating power: If you have a high-value business, you’ll have more leverage in negotiations with potential buyers or investors. Expand your market share: By leveraging your core competencies to enter new markets or segments, you can increase your market share and revenue.
"This integration stems from a vision of an integrated CDPQ that maximizes its impact and performance to offer our depositors the best service for the most efficient cost” Charles Emond, president and chief executive officer of CDPQ, said in the announcement. “It
In Q2 '24, we continue to make strides managing our cost structure, expanding our asset-light logistics network, and taking a disciplined approach to marketing spend. More importantly, as a key part of our asset-light strategy, these warehouses are rented, not owned, which limits the impact on our balance sheet. Capex in Q2 '24 was $0.7
IGNITE is Insight Partners’ network of more than 2,000 senior tech executives across 850+ global enterprises who leverage the firm’s deep industry expertise and investment knowledge to inform their technology strategies. As of December 31, 2023 , the firm has over $80B in regulatory assets under management.
Drawing on Insight Partners’ experience working with AI startups since 2014 — with $4 billion invested in the sector so far — Managing Director Lonne Jaffe discusses artificial intelligence-related lessons learned, and bestpractices brought to life, including the importance of explainability and the promise of next-gen MLOps stacks.
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