TopBuild to Acquire Insulation Works Residential, Commercial and Agricultural Installer With Approximately $28 Million in Annual Revenue; Extends TopBuild’s Expertise to Agricultural Market DAYTONA BEACH, Fla., May 06, 2024 (GLOBE NEWSWIRE) -- TopBuild Corp. (NYSE:BLD) a leading installer and specialty distributor of insulation and building material products to the construction industry in the United States and Canada, has entered into an agreement to acquire Insulation Works, based in Wickes, Ark. Insulation Works services the residential and light commercial end markets in Arkansas an...
Garrett Motion Inc. Announces Proposed Private Offering of $500 Million of Senior Notes Due 2032 ROLLE, Switzerland, May 06, 2024 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (Nasdaq: GTX) (the “Company”) announced today that Garrett Motion Holdings Inc. and Garrett LX I S.à r.l., its wholly owned subsidiaries, are planning, subject to market and other customary conditions, to offer (the “Offering”) $500 million aggregate principal amount of senior unsecured notes due 2032 (the “notes”) in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as am...
Meritage Homes Announces Offering of Convertible Senior Notes SCOTTSDALE, Ariz., May 06, 2024 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH, “Meritage” or the “Company”), the fifth-largest homebuilder in the U.S., today announced that it has commenced an offering of $500 million aggregate principal amount of its Convertible Senior Notes due 2028 (the “notes”), subject to market and other conditions. The Company also expects to grant the initial purchasers of the notes a 13-day option to purchase up to $75 million of aggregate principal amount of additional notes. The notes wi...
Toll Brothers Announces Opening of Regency at Waterset Active-Adult Community in Apollo Beach, Florida New 55+ luxury community offers low-maintenance villa and single-family homes with private resort-style amenities for active adults APOLLO BEACH, Fla., May 03, 2024 (GLOBE NEWSWIRE) -- (NYSE:TOL), the nation’s leading builder of luxury homes, today announced the highly anticipated opening of Regency at Waterset, a luxury active-adult 55+ community in Apollo Beach, offering three distinct collections of low-maintenance villas and single-family homes in Hillsborough County, Florida. Hom...
Moody's Ratings (Moody's) changed the outlook for Lennar Corporation (Lennar) to positive from stable. At the same time, Moody's also affirmed Lennar's Baa2 senior unsecured note ratings. The positive outlook reflects Lennar's impressive deleveraging capabilities and currently the lowest debt to b...
Moody's Ratings (Moody's) assigned a Baa1 senior unsecured rating to Owens Corning's (OC) proposed senior unsecured notes due 2030. The Baa1 ratings on OC's other senior unsecured notes are not affected by the new notes issuance. The outlook remains stable. The proposed notes are being exchanged f...
Meritage Homes Announces Two-Part Series Investor Day Webcast Calls SCOTTSDALE, Ariz., May 01, 2024 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH, “Meritage” or the “Company”), the fifth-largest homebuilder in the U.S., today announced that it will host a two-part series of investor day webcast calls with Phillippe Lord, chief executive officer of Meritage Homes, and Hilla Sferruzza, chief financial officer of Meritage Homes. Each call will be different and distinct in its coverage of key strategic topics for the Company, including the introduction to a new business model, lon...
Emergent BioSolutions Reports First Quarter 2024 Financial Results First Quarter 2024 Total Revenues of $300.4 million, above the prior guidance rangeFirst Quarter 2024 Net Income of $9.0 million and Adjusted EBITDA of $66.9 millionUpdates FY 2024 guidance GAITHERSBURG, Md., May 01, 2024 (GLOBE NEWSWIRE) -- Emergent BioSolutions Inc. (NYSE: EBS) today reported financial results for the first quarter ended March 31, 2024. "We delivered a strong quarter with growth across all our key products,” said Joe Papa, President and CEO at Emergent. “We also took significant act...
Moody's Ratings (Moody's) affirmed Lear Corporation's (Lear) Baa2 senior unsecured rating and maintained the stable outlook. The rating action reflects Moody's expectation for steady improvement in key credit metrics through 2024. Improvement will be supported by a modest increase in global light ...
Toll Brothers’ Website to Broadcast Its May 22, 2024 Second Quarter 2024 Earnings Conference Call Live at 8:30 a.m. (ET) FORT WASHINGTON, Pa., May 01, 2024 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, will broadcast live on its website, , a conference call to discuss results for its second quarter ended April 30, 2024. The call is scheduled for 8:30 a.m. (ET) on Wednesday, May 22, 2024 and will be hosted by Douglas C. Yearley, Jr., chairman and chief executive officer. The Company will announce its second quarter FY 2024 results after t...
Emergent BioSolutions Announces Strategic Operational Changes to Stabilize Financial Position Proactive changes aim to ensure long-term sustainability and growth, optimize operations, streamline processes, and allocate resources more efficientlyReorganization will align with evolving business goals, strategic priorities and new operational planOverall efforts expected to deliver annual cost savings of approximately $80 million GAITHERSBURG, Md., May 01, 2024 (GLOBE NEWSWIRE) -- Emergent BioSolutions (NYSE: EBS) today announced the next phase of its new operational plan that consolidates...
Toll Brothers Announces Opening of its Bluewood Collection of Luxury Homes in the Lakeside at Tessera on Lake Travis Master-Planned Community in Lago Vista, Texas LAGO VISTA, Texas, May 01, 2024 (GLOBE NEWSWIRE) -- (NYSE:TOL), the nation’s leading builder of luxury homes, today announced a new collection of luxury home designs is now open for sale within the master-planned community in Lago Vista, Texas. The Sales Center and professionally decorated model home for the Bluewood Collection by Toll Brothers is now open at 22404 Lago Lookout Lane in Lago Vista. The at Lakeside at Tessera o...
Toll Brothers Announces Opening of its Bronson Peak New Home Community in Orange County, Florida Luxury home community features four collections of versatile home designs and access to resort-style amenities in sought-after Central Florida destination APOPKA, Fla., May 01, 2024 (GLOBE NEWSWIRE) -- (NYSE:TOL), the nation’s leading builder of luxury homes, today announced the highly anticipated opening of , a new home community featuring four collections of home designs and future onsite amenities in Apopka, Florida. Home buyers are invited to visit the Sales Center and tour the professi...
Emergent BioSolutions Releases New Survey Findings Underscoring the Need to Continue Expanding Access & Increasing Awareness to Naloxone Nearly 9 in 10 Americans surveyed agree opioid overdoses are a concern for teenagers and college students; parents in the survey want life-saving treatment to be easily accessible in case of an emergency GAITHERSBURG, Md., May 01, 2024 (GLOBE NEWSWIRE) -- Emergent BioSolutions Inc. (NYSE: EBS) today announced the results of a new national public opinion survey showing that more than 90 percent of Americans surveyed recognize opioid overdoses are a press...
TopBuild Achieves 2024 Great Place to Work Certification for Second Consecutive Year DAYTONA BEACH, Fla., May 01, 2024 (GLOBE NEWSWIRE) -- TopBuild Corp. (NYSE:BLD), a leading installer and specialty distributor of insulation and building material products to the construction industry in the United States and Canada, today announced that for the second consecutive year it has earned certification by Great Place to Work®. Great Place to Work is a global authority on workplace culture, employee experience, and effective leadership, provides independent company assessments based entirely on ...
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