Fortune 500’s Post

Strong growth in data centers and continued margin improvement provided a strong start to fiscal 2025, leading to an upward revision to our Modine Manufacturing Company full-year earnings outlook. First Quarter Highlights: * Net sales of $661.5 million increased 6% from the prior year, organic sales increased 4% * Operating income of $74.4 million increased 12% from the prior year * Adjusted EBITDA of $100.9 million increased $20.5 million, or 25%, from the prior year * Earnings per share of $0.88 increased $0.03, or 4%, from the prior year * Adjusted earnings per share of $1.04 increased $0.19, or 22%, from the prior year Revised Fiscal 2025 Outlook: * Net sales growth between 6 to 11% * Adjusted EBITDA of $375 million to $395 million, an increase of 19% to 26% over the prior year * Adjusted earnings per share of $3.65 to $3.95 Join us today (31 July, 2024) at 4:00 pm BST 10:00 am Central Time (11:00 am Eastern Time) where we will conduct a conference call and live webcast, with slide presentation, to discuss our first quarter financial results. The webcast registration and accompanying materials will be available on the Investor Relations section of the Modine website accessible via the below link https://lnkd.in/e2nFJDGG Proud to be Airedale by Modine, Proud to be Modine Manufacturing Company. #ModineQ1Results #ModineQ1FiscalResults #Modine #EarningsCall #TechnologySector #TechSector #DataCenter #ThermalManagement #DiversifiedIndustrial #EngineeringaCleanerHealthierWorld

Nordstrom’s move to go private with a $3.76 billion offer, backed by El Puerto de Liverpool, reflects a unique shift in the retail landscape. According to The Associated Press, shared by ABC7 Los Angeles, this offer, while notable for its alignment with current stock values, carries weight given the Nordstrom family's stake in the company and their desire to steer it through a period of transformation. What stands out here is the dichotomy within Nordstrom itself: the flagship department stores face structural challenges, while Nordstrom Rack, its off-price division, is growing rapidly. This mixed outlook will impact the board’s decision and the company's future trajectory. As family-run businesses contemplate consolidation, the long-term vision and balancing legacy with profitability come into focus. https://lnkd.in/gDiXKyX3 #HalifaxWest #WinTogether #capitaladvisory #MandA #restructuring #operatingadvisory #Nordstrom #RetailTrends #BusinessTransformation #PrivateEquity #Leadership #Retail

🚀 **Nordstrom's Bold Move: Going Private to Transform and Compete** 🏬 The Nordstrom family is taking a bold step with a $3.8 billion bid to take the retailer private, backed by Mexican retailer El Puerto de Liverpool. This strategic move signals a major shift, aiming to allow Nordstrom the freedom to overhaul its operations away from public market pressures. With challenges like declining sales and brands increasingly opting to sell directly to consumers, Nordstrom sees going private as an opportunity to invest in long-term strategies and breathe new life into its stores without the constraints of quarterly earnings expectations. 📉📈 Going private could empower Nordstrom to revamp its store experience, refine its product mix, and expand its off-price Nordstrom Rack chain, which is currently the fastest-growing part of the business. As the retail landscape becomes more competitive, the Nordstrom family is betting on a transformation to reclaim their position in the market. Dive into our full analysis in the link 👇🏾 #RetailStrategy #Nordstrom #Transformation #MarketTrends #RetailInnovation #Leadership #RetailIndustry #BusinessGrowth 🚀

"Nordstrom's founding family has offered to take the department store chain private for $23 a share, teaming up with a Mexico-based retailer in its latest bid, a filing showed on Wednesday. That price would value the company at roughly $3.76 billion. Its shares have gained 35% since Reuters first reported in March that the family showed interest in taking Nordstrom private. Nordstrom's sales have been stronger of late than some of its peers such as Macy's and Kohl's as it focuses on stocking its shelves with trendier products. The bidders include CEO Erik Nordstrom, President Peter Nordstrom and Mexican retailer El Puerto de Liverpool, who sent a non-binding letter proposing to form a new entity that would buy the chain, according to the filing." #retail #mergersandacquisitions #nordstrom #finance #equipmentfinance #financialservices #corporatefinance #equipmentleasing https://lnkd.in/dgUYHdUR.

Plenty of results from the retail races this morning! Target has invested more in value which is helping to build an advantage. But it is also lapping soft prior year numbers. Target is still not in the winners’ enclosure, but it’s firmly in the race send has reasonable odds of advancing. 🐎 Q2 sales: +2.6% (comps: +2.0%) The TJX thoroughbred remains well out ahead. Conditions are in its favor, but a lot of discipline and hard work are ensuring it retains a lead. The international business is a potential stumble, but not to any significant degree. 🐎 Q2 sales: +5.6% (comps: +4.0%) The Macy’s horse is receiving a lot more care from its trainers, but it is still somewhat lame. Some even think Macy’s is running a donkey. The challenge is to show all the extra effort is paying off. If Macy’s fails to do this, the final destination might be the glue factory. 🐎 Q2 sales: -3.8% (comps -4.0%) #retail #retailnews #earnings #economy #consumers

Per RetailDive.com, in regards to the acquisition of bankrupt retailer Express, Simon Property Group put up no capital in a consortium which included WHP Global, the owner of the intellectual property, and Brookfield Properties which acquired the bankrupt retailer. Presumably, WHP saw value in what Simon Brands had accomplished with Authentic Brands Group and fashion industry leader Sparc and needed the same expertise to add value to its intellectual property. https://lnkd.in/gYYZi6qN #bankruptcy #retail #landlords #chapter11 #chapter7 #reorganization #creditorsrights #debtorcreditorsrights #landlordtenants #landlordtenantmatters #ceosanddirectors #ceosandofficers #officersanddirectors

Despite Gap’s challenges, it reported a 1.3% increase in net sales for Q4, with notable improvements in gross margin and net income compared to its previous year. Old Navy and Gap brands showed positive trends in sales and market share.   CEO, Richard Dickson took over The Gap in 2023 and its recent financial performance and progress under his leadership highlights efforts to revitalize struggling brands like Banana Republic and Athleta. This emphasizes the importance of merchandise assortment and brand relevance, as well as financial discipline, inventory reduction, and expense management, which all contributed to improved margins and profitability.   Analysts expressed cautious optimism about Gap Inc.'s prospects, acknowledging positive developments, but noting external pressures and areas for improvement. While some believe Gap may continue to face revenue challenges, others see signs of stabilization and potential for real growth in the future. Overall, there is a sense of cautious optimism about the company's trajectory under Dickson's new leadership and this article really showcases Gap’s future trajectory. #gap #amsterdamassociates #retailnews #oldnavy

Brands For Less (BFL Group) has formed a strategic partnership with The TJX Companies, Inc. (TJX). As part of the agreement, TJX will acquire a 35% stake in BFL for $360 million. This transaction values BFL at $1.2 billion. This transaction marks a significant milestone for BFL Group, as it seeks to expand its reach beyond the GCC. Partnering with TJX, a Fortune 100 company with over 5,000 stores globally, will provide strategic guidance and support, further solidifying BFL's position as a leading off-price retailer in the region. Toufic Kreidieh, executive chairman and co-founder of Brands For Less Group, expressed his enthusiasm for the partnership, stating that over the past 28 years, the company has established itself as the region’s premier off-price retailer.  Read more: https://lnkd.in/d7BqKhNE #Brandsforless #Retail #Fashion #partnership

'Victoria’s Secret beat expectations in Q1, but is it enough? 😏💭 Its namesake and Pink brands have held onto some 20% market share in intimates, though its beauty business is its best-performing category. 💄👙 #VictoriasSecret #MarketShare #Q1Results' by Retail Dive about Victoria’s Secret & Co.

Best time to start was not 10 years ago, as we tend to think and fill ourselves with regret. It is today, since over the past ten years we’ve done so many other things that were relevant at that moment. And still cooking, with the sight towards future That’s the reflection I can’t shed when looking at Avon operations - capabilities, hard choices, talent, risk taken. #SupplyChain #Operations #Regret #SupplyChainOfTheFuture #TalentOfTheFuture #GameOn #LaughsAndScars