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Synapse Health Names Jay Shah Chief Financial Officer
SKOKIE, Ill.--(BUSINESS WIRE)--Synapse Health, a leader in advancing the durable medical equipment (DME) industry toward value-based care, announces the appointment of Jay Shah as chief financial officer. He joins Synapse's expanding executive leadership team, bringing deep expertise in finance and the DME ecosystem to the role. “Jay’s strong business acumen and hands-on experience in the DME industry make him an exciting addition to our growing leadership team,” said Cory Roberts, co-founder a...
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Nortech Systems Unveils Reimagined Brand Identity
MINNEAPOLIS--(BUSINESS WIRE)--Nortech Systems Incorporated (Nasdaq: NSYS) ("Nortech" or the "Company"), a leading provider of engineering and manufacturing solutions for complex electromedical and electromechanical products serving the medical, industrial and defense markets, is proud to unveil its newly refreshed brand, “Connections Reimagined.” This revitalized identity reflects a modern, innovative approach to tackling complex challenges across critical industries. The rebrand includes a new...
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TriMas Reports First Quarter 2025 Results
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas (NASDAQ: TRS) today announced financial results for the first quarter ended March 31, 2025. The Company reported first quarter 2025 net income of $12.4 million, or $0.30 per diluted share, compared to $5.1 million, or $0.12 per diluted share, in first quarter 2024. Adjusting for Special Items(2), first quarter 2025 adjusted net income(1) was $18.8 million, compared to $15.1 million in first quarter 2024. First quarter 2025 adjusted diluted earnin...
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RESA Power Announces Majority Investment from Kohlberg
HOUSTON & MOUNT KISCO, N.Y.--(BUSINESS WIRE)--RESA Power (“RESA” or ‘The Company”), a premier provider of power systems and solutions, today announced a majority investment from Kohlberg, a leading U.S. middle market private equity firm, from Investcorp, a leading global alternative investment firm. RESA’s management team and employee shareholders will retain a minority stake in the Company. Founded in 2003, RESA provides comprehensive solutions to the power services industry, including mission...
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QAD Joins California Life Sciences to Further Support Innovation and Growth in the Life Sciences Sector
SANTA BARBARA, Calif.--(BUSINESS WIRE)--QAD Inc., a leading provider of next-generation manufacturing and supply chain solutions in the cloud, announced its membership in California Life Sciences (CLS), the state’s premier life sciences advocacy and innovation organization. This strategic alignment underscores QAD’s ongoing commitment to supporting life sciences companies globally and reinforces its investment in helping the industry grow and thrive. California is home to the second-largest con...
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Laser Photonics Subsidiary CMS Laser Wins Major Order from Fortune 500 Appliance Leader
ORLANDO, Fla.--(BUSINESS WIRE)--Laser Photonics Corporation (“LPC”) (NASDAQ: LASE), a leading global developer of industrial laser systems for cleaning and other material processing applications, today announced a significant win for its subsidiary, Control Micro Systems (CMS Laser). CMS Laser has secured an order from a Fortune 500 home appliance manufacturer renowned for its kitchen and laundry products. John Armstrong, Executive Vice President-Laser Photonics, commented: “CMS Laser’s robust...
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Corning Announces Strong First-Quarter 2025 Financial Results(1) and Reiterates Confidence in Springboard Plan
CORNING, N.Y.--(BUSINESS WIRE)--Corning Incorporated (NYSE: GLW) today announced its first-quarter 2025 results and provided its outlook for second-quarter 2025. Wendell P. Weeks, chairman and chief executive officer, said, “Today, we announced strong first-quarter results that exceeded guidance. Core sales grew 13% year over year and core EPS grew three times faster. In Optical Communications, sales in our Enterprise business were up 106% year over year on continued strong demand for our new p...
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Asbury Automotive Group Reports First Quarter Results
DULUTH, Ga.--(BUSINESS WIRE)--Asbury Automotive Group, Inc. (NYSE: ABG) (the “Company”), one of the largest automotive retail and service companies in the U.S., reported first quarter 2025 net income of $132 million ($6.71 per diluted share), a decrease of 10% from $147 million ($7.21 per diluted share) in first quarter 2024. The Company reported first quarter 2025 adjusted net income, a non-GAAP measure, of $134 million ($6.82 per diluted share), a decrease of 9% from $147 million ($7.21 per d...
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Lippert Acquires Freedman Seating Company
ELKHART, Ind.--(BUSINESS WIRE)--LCI Industries (NYSE: LCII), through its wholly owned subsidiary, Lippert Components, Inc. (“Lippert”), a leading supplier of engineered components to the recreation and transportation markets, today announced that it has acquired substantially all of the business assets of Freedman Seating Company (“Freedman”), an Illinois-based manufacturer of transportation seating solutions. For over 130 years, Freedman has provided a variety of seating solutions to the bus,...
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Trane Technologies to Present at the Oppenheimer Industrial Growth Conference
SWORDS, Ireland--(BUSINESS WIRE)--Trane Technologies plc (NYSE: TT) a global climate innovator, today announced that company leadership will participate in a virtual fireside chat at the Oppenheimer Industrial Growth Conference. They will speak at 11:15 a.m. ET on Monday, May 5, 2025. The live webcast will be accessible on the Trane Technologies website at www.tranetechnologies.com under the investor relations section. An archive of the webcast will be available for 30 days following the event....