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I am incredibly excited about this acquisition, which enhances our footprint in some of the most bet-upon sports, including tennis, soccer, and basketball, and will deliver significant value to our clients, partners, and shareholders. The deal, once closed, is expected to be immediately accretive to our business and margins.
The company expects to further leverage lower-cost seed-based technology by targeting approximately 20% of harvests from seeds in fiscal 2025 with monthly fluctuations between 15% and 30% depending on the cultivar requirements. From a cash flow perspective, net cash provided by operating activities was $8.9 million in the prior-year period.
And with ROIC ending 2024 at 11%, comfortably above our cost of capital, we are already delivering long-term value for our shareholders as we lay the foundation we'll build upon in 2025 and beyond. times net debt to EBITDA, closing in on our expectation to reach investment-grade leverage metrics in 2026. We ended 2024 with $27.5
A great example is our partnership with Stagwell, which is continuing to adopt a growing number of solutions within our product suite as they are driving better results when leveraged together. Our clients can leverage this data to layer added insights onto campaigns. And Tinuiti, one of the leading performance agencies in the U.S.,
Our Q3 adjusted EBITDA results reflect a continuation of our strong gross margin performance, our disciplined approach to cost management, and the ongoing benefits of fixed cost leverage as we scale. Like, no relative leverage from the extra week. Now, let me provide an update on some of Chewy's strategic initiatives and innovations.
We also maintained our disciplined approach to capital deployment, while continuing to invest in our businesses and returning excess capital to shareholders. We also maintain a well-diversified, high-quality portfolio and disciplined approach to asset liability management. Turning to Slide 3. Turning to Slide 4. Turning to Slide 5.
Our first priority is to create shareholder value through our approximately 81% ownership stake in Enact. Enact's value continues to grow with a total shareholder return, or TSR, since its IPO of approximately 100% as of February 14th and approximately 15% in 2024.
In the quarter, we continue to execute against our strategy that is driving long-term growth and shareholder value. We're very pleased with Enact's operational strength's capital levels and consistent shareholder distributions. Our first priority is to create shareholder value through Enact's growing market value and returns.
There's no additional acquisition costs for clients in our ecosystem, creating even more operating leverage. The ability to leverage technology is crucial to scale, drive profitable growth, and adapt to market shifts. Let's move to the third layer that powers our ecosystem and experience technology. Thanks, Ryan, for the question.
We've increased our regular dividend rate 160%; and including both regular and special dividends, paid or committed to pay more than $13 billion directly to shareholders; and $3.2 billion of that free cash flow back to our shareholders through a mix of our regular dividend and opportunistic share repurchases. We generated $1.6
We will leverage our strong partnerships and continue collaborating with veterinarians to expand treatment adoption, shifting away from two decades of reliance on NSAIDs. For example, in September, we announced a strategic partnership with Danone to leverage Zoetis' genetic testing capabilities and promoting sustainable dairy production.
During this time, I have connected with shareholders, customers and clients. The combination of these measures will ultimately deliver greater shareholder value. We're also leveraging AI to create a more intuitive workflow and faster turnaround times to reduce frustrations for our members and provider partners.
Adapting to and leveraging new technologies has been in our DNA from the start, and generative AI is pushing the pace of technology innovation faster than ever. in the fourth quarter was up versus last year by about 320 basis points due primarily to leverage from adjusted fixed operating expenses and marketing expenses.
As noted at our analyst day in late 2023, in our previous earnings call, our story is about the value of long-term strategic decision-making, underpinned by differentiated technology and business model, which endeavors to drive value creation for our shareholders and partners. Net sales in the third quarter were $0.9
We have a packed agenda lined up for the next three days, and we're excited to see our customers, partners, analysts, shareholders, and employees, all in person to share our passion for BI, AI, bitcoin, and innovation. billion in equity in a manner that we believe to be creative to existing shareholders. Equity issuances.
As a point of reference, in last year's fourth quarter, we revised our prior year non-GAAP adjusted EBITDA including the third quarter to eliminate adjustments for raw material write-offs and also to correct the understatement of accrued liabilities related to contract litigation following the decommissioning of our Taiwan facility.
The remaining 50 basis points were driven by ROD leverage. SG&A as a percentage of net sales was 33.4%, leveraging 130 basis points versus last year's reported rate and 110 basis points versus last year's adjusted rate primarily due to lower advertising costs in the quarter. Now, let me turn to SG&A. SG&A was $1.3
Our ability to grow, defend, and launch products across markets drove 14% operational revenue growth in our companion animal portfolio alongside solid 5% operational revenue growth for our livestock portfolio, reflecting our commitment to shareholders, adjusted net income grew 15% operationally. In 2024, we repurchased $1.9
Issuing a tremendous amount of new shares to raise capital could potentially help, but it'd inflict massive losses on shareholders in the process, and it wouldn't be enough on its own. Billions in assets would need to be sold with the goal of reaching total de-leveraging and resetting its fortunes.
billion and negative shareholder equity of $217.7 This ratio measures a company's financial leverage. You can calculate it by dividing the company's total debt by shareholder equity. When a company shows a negative D/E ratio, its liabilities exceed its assets -- a sign of potential problems.
Whereas about half of claims handled by RWI are resolved within 12 months, closer to three quarters are resolved within that time when handled by a professional shareholder representative. [ a huge increase in post-closing indemnification claims for breach of the no undisclosed liabilities seller representation [8] ).
reflecting our lower volume and lower average sales price leverage. It will receive recurring monthly option payments, which will be used to pay predictable dividends to shareholders, and will additionally receive initial deposits and proceeds from the sale of fully developed homesites. million shares for over $2 billion in cash.
Takeda's low valuation reflects a handful of important risks, such as key patent headwinds for top-selling drugs like Vyvanse, along with the company's highly leveraged balance sheet. At present, the telecom giant offers shareholders an eye-popping 7.9% Large-cap pharma stocks, after all, trade at an average earnings multiple of 15.1.
In spite of these challenges, there are a couple of reasons to believe Sirius XM can deliver triple-digit returns to patient shareholders from here. This premier protection allows AGNC to prudently deploy leverage to its advantage. Further, any potential health-related liabilities would undoubtedly be determined by the U.S.
NAV is defined as total assets minus total liabilities and is also reported on a per share basis. And we continue to maintain very strong liquidity and a conservative leverage profile, which we believe is important in the current economic environment.
Controllable costs per ton of finished steel shipped improved on both a sequential and year-over-year basis, helped by lower freight costs, better cost performance at our Arizona 2 micro mill, and improved fixed cost leverage across CMC's mill footprint. The adjusted EBITDA margin for the North American steel group of 12.4% compares to 13.5%
In addition to the opportunity to increase sales and ultimately realize further growth in the pOpshelf banner, we are also able to leverage learnings from this banner and apply them in our non-consumable categories in our Dollar General stores to further strengthen that offering for our DG customers. per share.
First, we committed to leveraging our distinctive risk capital and human capital structure to unlock new solutions that address the evolving client demand discussed earlier. billion of debt in 2024 and coupled with earnings growth, lowered our debt-to-EBITDA leverage from 4.1 Third, we paid down $2.1 billion in debt and returned $1.6
NAV is defined as total assets minus total liabilities and is also reported on a per-share basis. for the full year, strong levels of NII per share and DNII per share to fund our record level of annual shareholder dividends, and a new record for NAV per share for the 10th consecutive quarter.
Ford also has a healthy balance sheet that should allow it to return plenty of capital to its shareholders. There's no doubt that AT&T's dividend is safe with its leverage declining. If there were ever to be any health-related liability claims against the company, they'd almost certainly be settled in court.
I also want to acknowledge the board of directors for providing a unique equity compensation structure that ensures my alignment with shareholder interest. Our board of directors has recently approved the resumption of our share repurchase program, leveraging our existing $50 million authorization.
Full details of our results and additional management commentary are available in our earnings release and letter to shareholders, which can be found on the Investor Relations section of our website at ir.fubo.tv. So, the operating leverage continues to be moving in the right direction. And we also see that in B&T.
Finally, I'll finish my remarks by narrowing in on specific actions we're taking in the near term to drive improved profitability and enhance shareholder value in 2025. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. And we'll then open the line for Q&A.
Please note that today's discussion will contain forward-looking statements relating to the company's future performance, which are intended to qualify for the safe harbor from liability as established by the U.S. This dividend will be payable on or around April 18, 2025, to shareholders on record as of April 7, 2025.
Companies that regularly dole out a dividend to their shareholders are often profitable on a recurring basis, time-tested, and capable of offering transparent, long-term growth guidance. Furthermore, any potential liabilities would likely be determined by the U.S. million in net debt, its net-leverage ratio is a modest 0.31.
With our industry-leading brands that excel in each of their respective segments, the most innovative fleet and destinations, and the best people who are focused on delivering a lifetime of vacations for our guests, we focus on winning share from the large and attractive travel industry while delivering long-term shareholder value.
Over the course of the year, our strong cash generation enabled us to continue to return value to our shareholders. These repurchases were the largest in our history and underscore our confidence in Turtle Beach's long-term growth prospects and our dedication to enhancing shareholder value. Operating expenses of 30.6
In 2024, we delivered across our strategic priorities, including achieving record fourth quarter and annual HEPLISAV-B product revenue, advancing our pipeline programs achieving profitability, and returning capital to shareholders through our share repurchase plan. along with expected market share gains by HEPLISAV-B.
As we've said before, we're committed to returning value to our shareholders through technical innovation, acquisitions, stock repurchases, prudent use of debt, and in dividend. Because we are a software company to the core, we're always optimizing our software capabilities, which gives us really enormous leverage.
The company has done a masterful job of betting on its best brands and avoiding investing too heavily in new brands or making ineffective acquisitions -- choosing instead to pass along its profits to shareholders through buybacks and dividends. It is now leveraging that pricing model through a growing home delivery service.
leveraging its talent across brands to help share unique learnings and experiences. This second phase will focus on maximizing the value creation potential of our platforms through the acceleration of AI capabilities in combination with fully leveraging the immense data assets we now own. shareholders' returns.
Thanks to fast portfolio growth and impressive operating leverage, servicing income reached $273 million. Today with Pyro, we get a crystal clear understanding of advances within hours of reviewing the deal tape, which allows us to price the deal quickly and accurately while the seller doesn't need to worry about a tail of liabilities.
By leveraging the distinct strengths of our businesses, we are positioned to drive innovation, increase demand for our technology-advantaged products, and deliver sustainable and profitable growth while increasing returns to our shareholders. We honored our pledge to return cash to shareholders. So, that has not changed.
Adjusted gross margin improvement was driven primarily by lower freight costs, occupancy cost leverage from the extra week, and higher vendor allowances, partially offset by product costs inflation, unfavorable sales mix, and elevated shrink. per share negative impact, primarily from unfavorable general liability insurance claims.
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