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Worthington Steel (WS) delivers precision-engineered steel solutions for automotive, construction, and industrial sectors through advanced processing of carbon flat-rolled steel and laser-welded products. This news hub provides investors with essential updates on operational developments, strategic initiatives, and market positioning.
Access curated press releases and analysis covering earnings announcements, facility expansions, and technological innovations. Our repository simplifies tracking of WS's progress in electrical steel laminations and global manufacturing operations while maintaining compliance with financial disclosure standards.
Discover timely updates on quality control advancements, international market entries, and partnership agreements. Bookmark this page for streamlined access to WS's evolving role in steel processing technology and industrial supply chains.
Southland Holdings (NYSE: SLND) reported its Q4 and full-year 2024 financial results, showing significant declines across key metrics. Q4 2024 revenue decreased 15.5% to $267.3 million, with gross profit falling to $7.7 million from $21.1 million year-over-year. The quarterly net loss improved slightly to $4.2 million ($(0.09) per share) compared to $5.6 million loss in Q4 2023.
Full-year 2024 performance showed broader challenges with revenue declining 15.5% to $980.2 million from $1.2 billion in 2023. The company reported a substantial gross loss of $63.0 million, compared to a $35.8 million gross profit in 2023. Net loss widened significantly to $105.4 million ($(2.19) per share) from $19.3 million in 2023. The Materials & Paving business notably impacted results negatively, contributing to $83.1 million in gross losses for the year.
Worthington Steel (NYSE: WS) has scheduled its fiscal third quarter 2025 earnings release and conference call. The company will release its financial results after market close on Wednesday, March 19, 2025. A conference call to discuss the quarterly performance is scheduled for Thursday, March 20, 2025, at 8:30 a.m. ET. Investors can access the live webcast through the Investor Relations section of WorthingtonSteel.com, where it will remain archived for one year.
Vicarious Surgical (NYSE: RBOT) has scheduled its Fourth Quarter and Fiscal Year 2024 financial results announcement for March 17, 2025, after market close. The robotics technology company, focused on advancing robotic surgery, will host a conference call at 4:30 p.m. Eastern Time to discuss the results.
Investors can participate in the conference call by dialing +1 833-470-1428 (domestic) or +1 404-975-4839 (international) with access code 373279. A webcast will be available live and archived at the company's investor relations website.
Southland Holdings (NYSE American: SLND) has announced its upcoming financial results release schedule. The specialized infrastructure construction services provider will disclose its fourth quarter and full year 2024 results on Tuesday, March 4th, 2025 after market close.
The company will host a conference call the following day, Wednesday, March 5th, 2025, at 10:00 a.m. Eastern Time. Investors and interested parties can access the call through the company's website at www.southlandholdings.com, where a replay will also be available after the call.
Vicarious Surgical (NYSE: RBOT) announced that Chief Operating Officer John Mazzola will retire effective April 1, 2025, after nearly 40 years in healthcare manufacturing, supply chain, and quality control. Mazzola's responsibilities will transition to Company President Randy Clark.
According to CEO Adam Sachs, Mazzola has been key in developing manufacturing processes, enhancing product quality control, and strengthening supply chain resilience. The company states it is well-positioned for its next phase, including upcoming first clinical use cases and pivotal trial.
Sky Harbour Group (NYSE: SKYH), an aviation infrastructure company building a nationwide network of Home-Basing campuses for business aircraft, has announced two significant events. First, the company will ring the NYSE Closing bell on Tuesday, January 28th to celebrate its uplisting to the NYSE from NYSE American and its third anniversary as a public company. Trading of the company's stock and warrants on NYSE will commence on Monday, January 27th.
Additionally, Sky Harbour has revealed its investor conference schedule for the first half of 2025, which includes five major events: The Microcap Conference in Atlantic City (January 28-30), LD Micro Summit in Fort Lauderdale (February 3-4), J.P. Morgan Public Finance Forum in New York (March 26), LD Micro Invitational XV in New York (April 9-10), and B. Riley Institutional Investor Conference in Los Angeles (May 20-22). Management will attend all events in person, offering group presentations and one-on-one investor meetings.
Worthington Steel's subsidiary, Tempel Steel, has been awarded Mahle's 2024 Best Supplier of the Year award, marking its third consecutive recognition from Mahle Electric Drives India. The award acknowledges excellence in multiple categories including Parts per Million (PPM), Quality, Delivery, Supplier Response, Continuous Improvement and Support of New Product Development.
Previously, the company received the Best Supplier of the Year award in 2022 and the Zero PPM award in 2023. Tempel Steel serves Mahle primarily from its facility in Chennai, India, providing specialized solutions for Mahle, a global automotive parts manufacturer focused on engine components, filtration systems, thermal management solutions, and electrical components for both conventional and electric vehicles.
Southland Holdings (NYSE: SLND) has announced the conversion of $20 million in promissory notes held by management into common stock. The company issued 5,830,899 shares at $3.43 per share to three key executives: Frank Renda (President and CEO), Rudy Renda (Co-COO and EVP), and Tim Winn (Co-COO and EVP). The transaction, completed on December 27, 2024, was conducted as a private placement under Section 4(a)(2) of the Securities Act and Regulation D. The conversion aims to strengthen the company's balance sheet and reflects management's confidence in Southland's long-term value potential.
Sky Harbour Group (NYSE American: SKYH), an aviation infrastructure company, announced the completion of the second closing of its equity raise.
The company issued an additional 3,955,790 PIPE shares of its Class A Common Stock, generating net proceeds of approximately $37.6 million at a sale price of $9.50 per share. Aggregate proceeds from both closings totaled around $75.2 million. The company plans to issue approximately $150 million in new private activity debt financing in the first half of 2025. Combined proceeds from both financings and existing cash on hand, approximately $240 million, will support phase-1 development projects at 6-7 new airport campuses, adding about 800,000 rentable square feet.
Sky Harbour expects to secure seven new ground leases by the end of 2025, expanding its portfolio to 23 airports. Notable participants in the equity raise included affiliates of Altai Capital and Raga Partners, Boulderado, and new long-term investors. The company expressed gratitude for the strategic investors and emphasized its commitment to conservative liquidity and capital management.
Sky Harbour Group (NYSE: SKYH) has signed a lease agreement with Mercer County to develop a new Sky Harbour Home Base campus at Trenton-Mercer Airport (TTN). The development, planned on approximately 10 acres, is expected to generate hundreds of local jobs and economic benefits for Mercer County. The facility will include state-of-the-art hangars for business jets, dedicated line services, office space, operational infrastructure, and parking facilities.
TTN becomes Sky Harbour's fourth airport serving the New York Metro area, joining a network of operational campuses in Houston, Nashville, Miami, San Jose, and Camarillo, along with multiple locations under development. The strategic location will serve Southern New Jersey and the New York and Philadelphia metro markets.