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Energy Transfer (NYSE: ET) has been on an acquisition binge. billion merger with fellow master limited partnership (MLP) Crestwood Equity Partners last November. The acquisition of Crestwood Equity Partners and WTG Midstream helped fuel the record volume. billion and $3 billion into growth capital projects this year.
The pipeline company recently reported strong first-quarter results, fueled mainly by recent acquisitions. Another acquisition, this time by affiliate Sunoco (NYSE: SUN) , will help power stronger-than-expected earnings growth for the master limited partnership (MLP) this year. That's a 13.1% Meanwhile, it produced almost $2.4
The specialist in audio and speech recognition software went public by merging with a special purpose acquisition company on April 28, 2022. That trajectory is impressive, but management originally claimed the company could generate $255 million in revenue in 2024 during a pre-merger presentation in late 2021.
Learn More Setting the stage Last year, Energy Transfer grew its adjusted earningsbeforeinterest, taxes, depreciation, and amortization ( EBITDA ) by 13%, while its distributable cash flow rose 10%. However, earnings growth should reaccelerate in 2026. Growth will moderate a bit this year.
That's evident by looking at its recent acquisitions and the expansion projects it has coming down the pipeline. The evolution of Enbridge Before 2016, Enbridge was primarily an oil pipeline company. Most of its gas-related earnings were from operating a large Canadian gas utility franchise. and offshore wind farms in Europe.
QuantumScape, a developer of solid-state batteries, merged with a special purpose acquisition company (SPAC) in November 2020. on the first day before soaring to an all-time high of $131.67 and rose to its post-merger high of $35.69 QuantumScape only has a market capitalization of $3.4 Its shares opened at $24.80
The logic behind the spinoff was that it would unlock shareholder value and allow each company to more easily pursue mergers and acquisitions (M&A), allocate capital, and compensate employees as a pure play focused on one industry. Today, GXO stock is trading nearly flat to where it was when the company first went public.
The maker of solid-state batteries went public by merging with a special purpose acquisition company (SPAC) on Nov. on its first trading day before skyrocketing to an all-time high of $131.67 But it didn't reiterate or update its pre-merger revenue or adjusted EBITDA estimates. 27, 2020, and its stock opened at $24.80
After its 2022 merger with Kirkland Lake Gold and its acquisition of Yamana's Canadian assets, Agnico has emerged as a leading producer of gold -- and profits. in net debt to earningsbeforeinterest, taxes, depreciation, and amortization ( EBITDA ).
First, prior to this decline, the company's ratio of enterprise value (EV) to earningsbeforeinterest, taxes, depreciation, and amortization (EBITDA) was at an all-time high of 24. MTYFF Free Cash Flow data by YCharts Making 27 acquisitions worth more than $1.7 Not so much. However, its 2.9% Currently, the company's 2.3%
after it went public by merging with a special purpose acquisition company ( SPAC ) in December 2020 and reached its record high of $35.88 Zillow and Redfin both shut down those "iBuyer" (instant buyer) businesses because it was a capital-intensive strategy that was difficult to maintain as interest rates rose. billion $8.0
For example, its ratio of debt to EBITDA ( earningsbeforeinterest, taxes, depreciation, and amortization ) is generally among the lowest of its closest peer group. Acquisitions are partly to blame for that trend, but investors need to understand that leverage increases risk.
Like many other electric vehicle start-ups, Nikola went public by merging with a special purpose acquisition company ( SPAC ) and set some overly ambitious long-term goals. In its pre-merger presentation in 2020, it claimed it could ship 600 battery-powered electric trucks (BEVs) in 2021, ship 1,200 BEVs in 2022, and ship 3,500 BEVs in 2023.
SoFi stock: Down 61% from its high Jennifer Saibil : I was wary of the hype surrounding SoFi Technologies (NASDAQ: SOFI) when it went public through a merger with a special purpose acquisition company ( SPAC ) in June of 2021. With a market capitalization of roughly $95 billion, Airbnb is valued at less than 23 times its trailing FCF.
billion of adjusted earningsbeforeinterest, taxes, depreciation, and amortization ( EBITDA ) in the period , a 20% surge, compared to the prior year. billion Lotus Midstream acquisition in May 2023 and its $7.1 billion merger with Crestwood Equity Partners in November. The midstream company generated nearly $3.8
Discovery still needs help Ever since the company was formed by the merger of AT&T 's WarnerMedia and Discovery Communications in 2021, the company has underperformed as it's struggled with a bloated debt burden, questionable management decisions, and a lack of any growth strategy. billion, helped by its acquisition of BluTV.
However, its adjusted earnings per share (EPS) missed expectations, registering at $1.70 Despite the EPS miss, Waste Management's quarter reflected robust revenue performance driven by strategic acquisitions and sustainability projects, setting a positive tone for roadmaps ahead. against an anticipated $1.80. N/A 29.9% -1.0
3, in which Sharecare director John Chadwick is submitting, in behalf of private equity firm Claritas Capital, a nonbinding proposal to acquire all Sharecare shares not already owned for $1.35 On Tuesday, Sharecare reported a Securities and Exchange Commission (SEC) filing from Oct. per share in cash. million last year.
Its adjusted earningsbeforeinterest, taxes, depreciation, and amortization ( EBITDA ) increased 20% in the second quarter to almost $3.8 The biggest catalyst has been acquisitions. billion acquisition of Lotus Midstream last May and followed it up with its $7.1 billion acquisition of WTG Midstream.
The beauty of this high FCF margin is that it arms management with excess cash to use on mergers and acquisitions (M&A). Since 2015, Motorola has spent roughly $6 billion on more than 20 acquisitions, further building out its technological prowess across all three of its product groups.
Private equity giant Bain Capital is said to be considering an acquisition of education software provider PowerSchool Holdings (NYSE: PWSC). billion market capitalization heading into trading Wednesday. Is PowerSchool a buy on the merger reports? Is PowerSchool going private again?
Despite this track record of success -- along with earningsbeforeinterest, taxes, depreciation, and amortization ( EBITDA ) and FCF growth of 81% and 73% over the last five years -- the share price for MTY stock trading over the counter in the U.S. is down 40% from its high. percentage points.
The midstream master limited partnership (MLP) set seven operational records during the fourth quarter, fueled by organic growth and acquisitions. The midstream giant benefited from strong market conditions, recently completed expansion projects, and the acquisitions of Lotus Midstream and Crestwood Equity Partners (which closed in November).
The general idea is that breaking up conglomerates will enable management to focus on core businesses and expertise while realigning the capital structure of the new companies. The result will be improved earnings, better access to capital, and a revamping of valuation. It's an idea that finds favor with investors.
That gives it the funds to invest in organic expansion projects, make accretive acquisitions, and opportunistically repurchase shares. billion) of commercially secured capital projects in its backlog. It also has the growing capacity to deploy additional capital into accretive acquisitions. billion to $5.2
Having been criticized for not being aggressive enough in allocating capital toward mergers and acquisitions, management appears to be adjusting its approach. Other than that, Honeywell looks set for mid-single-digit revenue growth and high-single-digit earnings growth in 2024. Image source: Getty Images.
This demonstrates the company's resilience in the face of adversity, as well as its commitment to increasing earnings and returning capital to shareholders. The company's acquisitions of SweetWater Brewing, Breckenridge Distillery, and Montauk Brewing in the U.S. million in its fiscal Q4. are paying off.
One of my econ professors in college made the point early in my time in school, at the end of the day, economics rule and in capitalism, that's just the simple fact of the matter, so when companies costs go up, they find ways to account for that. Now that they've closed the acquisition. There's lots of them.
Financial performance is typically measured using metrics such as revenue, profit, cash flow, and EBITDA (earningsbeforeinterest, taxes, depreciation, and amortization). Capitalization of Earnings The capitalization of earnings method is another popular valuation method used for service businesses.
During today's call, we may also discuss non-GAAP financial measures, including adjusted EBITDA, which we define as earningsbeforeinterest, taxes, depreciation, and amortization as adjusted for certain noncash and nonoperating expenses. By demonstrating that value, we will be able to better capitalize on the potential of VLN.
Methods for Valuing a Consulting Business There are several methods that can be used to value a consulting business, including: Earnings Multiple The earnings multiple method is a common way to value consulting businesses. The multiple used may vary depending on the industry, size, and growth potential of the business.
Microsoft is starting to separate itself because it's tied to so many things and we saw what it is now trying to do in the gaming business with its Activision Blizzard acquisition of almost $70 billion. Andy Cross: It'll be very interesting to see how this all works out with Microsoft as they continue to push more aggressively at the cloud.
It had made more than a dozen acquisitions and was sitting on properties with the ability to eventually produce north of 600,000 kilograms (1,322,773 pounds) of cannabis annually. To ensure it has enough capital to make ends meet, Aurora Cannabis has been issuing stock like it's handing out candy on Halloween.
The full share capital of Premier Lotteries Ireland (PLI), currently majority owned by the Ontario Teachers’ Pension Plan with minority stakes held by An Post, is to be sold to La Francaise des Jeux, pending approval by the lottery regulator. The sale of PLI to FDJ is for 100% of the share capital, and is subject to regulatory approvals.
It's benefiting from robust organic growth and accretive acquisitions. It has also achieved its $2 billion capital recycling target for the year, giving it lots of financial flexibility to capitalize on future growth opportunities. Acquisitions have helped fuel the MLP's rise. billion this year.
That helped fuel a 13% increase in its adjusted earningsbeforeinterest, taxes, depreciation, and amortization (EBITDA), which hit a record $15.5 Acquisitions were the main fuel driving last year's record, notably its $7.1 billion merger with fellow MLP Crestwood Equity Partners in November 2023.
It is turning into a successful serial acquirer Though Federal Signal's leadership alone makes it an intriguing investment, its success with mergers and acquisitions (M&A) is what really sets it apart. Since 2016, the company has made 13 acquisitions. Federal Signal's recent acquisition of HOG Technologies for $92.5
However, with its shares perhaps reflecting the strength of its business and the full synergies from the 2020 Sprint merger, two Wall Street analysts both downgraded shares today. However, the "low-hanging fruit" of the acquisition appears to be now behind the company, according to both analysts. Where to invest $1,000 right now?
went public by merging with a special purpose acquisition company (SPAC) on Dec. At its peak, Opendoor's market capitalization reached $20.6 Shares plummeted as rising interest rates chilled the housing market and cast a harsh light on its persistent losses. The combined company's stock opened at $31.47 billion -- or 7.6
Without them, common mistakes like incorrectly calculating EBITDA or failing to determine the working capital tied up in operations can skew your valuation. To complete your CCA, an advisor will need access to: Your financial statements, to calculate your EBITDA (EarningsBeforeInterest, Tax, Depreciation, and Amortization).
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