Connect with us

News

Eaton Reports Fourth Quarter Earnings per Share of $1.46, Up 13 Percent Over the Fourth Quarter of 2017, Excluding 2017 Income Related to the U.S. Tax Bill

gbafNews28

Power management company Eaton Corporation plc (NYSE:ETN) today announced that earnings per share were $1.46 for the fourth quarter of 2018. This represents an increase of 13 percent over the fourth quarter of 2017, excluding the $62 million of income in the fourth quarter of 2017 related to the U.S. tax bill.

Sales in the fourth quarter of 2018 were $5.5 billion, up 5 percent over the same period in 2017. The sales increase consisted of 7 percent growth in organic sales, partially offset by 2 percent negative currency translation.

Craig Arnold, Eaton chairman and chief executive officer, said, We had a very strong fourth quarter, with better-than-expected organic revenue growth and margins. Organic growth came in at 7 percent, 1 percent higher than our guidance. Our segment margins in the fourth quarter were 17.4 percent, 20 basis points above the midpoint of our margin guidance and 100 basis points over the fourth quarter of 2017.

Operating cash flow in the fourth quarter, excluding the $300 million payment for the arbitration decision related to the legacy Cooper business, was $1.1 billion, said Arnold. We took advantage of the significant pullback in financial markets in December and repurchased $700 million of our shares in the fourth quarter. This represents 2.3 percent of our shares outstanding at the start of the quarter. We intend to continue taking advantage of any periods of share price weakness to buy our shares back.

For full year 2018, sales were $21.6 billion, 6 percent higher than 2017. Segment margins were 16.8 percent, up 100 basis points over 2017. Earnings per share were $4.91, and excluding the impact of the arbitration decision, earnings per share were $5.39. This represents an increase of 16 percent over 2017, excluding the 2017 gain on the Eaton Cummins joint venture and the 2017 income related to the U.S. tax bill. Operating cash flow in 2018 was $3.0 billion, excluding the $300 million arbitration payment related to the legacy Cooper business. During 2018, share repurchases totaled 17.5 million shares, at a cost of $1.3 billion, representing 4.0 percent of shares outstanding at the beginning of the year.

Looking at 2019, we expect our organic revenues to grow between 4 and 5 percent, partially offset by approximately 1 percent from negative currency translation, said Arnold. We anticipate segment margins to be between 17.0 percent and 17.4 percent, representing at the midpoint a 40 basis point improvement over 2018.

We expect 2019 earnings per share to be between $5.70 and $6.00, representing at the midpoint a 9 percent increase over 2018 excluding the 2018 arbitration decision, said Arnold. We anticipate earnings per share for the first quarter of 2019 to be between $1.18 and $1.28, a 12 percent increase at the midpoint over the first quarter of 2018.

Business Segment Results

Sales for the Electrical Products segment were $1.8 billion, up 3 percent over the fourth quarter of 2017. Organic sales were up 5 percent, partially offset by 2 percent from negative currency translation. Operating profits were $327 million, up 3 percent over the fourth quarter of 2017.

Operating margins in the fourth quarter were 18.2 percent, flat with 2017, said Arnold. Orders in the fourth quarter were up 3 percent over the fourth quarter of 2017, driven by solid growth in both industrial and residential markets in the Americas.

Sales for the Electrical Systems and Services segment were $1.6 billion, up 8 percent over the fourth quarter of 2017. Organic sales were up 10 percent, currency translation was negative 1 percent, and the sale in 2017 of our stake in a small joint venture reduced sales by 1 percent. Operating profits were a record $268 million, up 19 percent over the fourth quarter of 2017.

Operating margins were 16.6 percent, an improvement of 160 basis points over 2017 and an all-time record, said Arnold. Orders in the fourth quarter were up 12 percent over the fourth quarter of 2017, led by strong growth in all major end markets in the Americas and in EMEA.

Hydraulics segment sales were $653 million, up 6 percent over the fourth quarter of 2017. Organic sales were up 8 percent, partially offset by 2 percent from negative currency translation. Operating profits in the fourth quarter were $85 million, up 15 percent over the fourth quarter of 2017.

Operating margins in the quarter were 13.0 percent, an improvement of 90 basis points over 2017, said Arnold. Orders in the fourth quarter decreased 4 percent from the fourth quarter of 2017, driven by a decline in EMEA similar to what we saw in the second and third quarters.

Aerospace segment sales were $497 million, up 13 percent over the fourth quarter of 2017, all coming from organic sales growth. Operating profits in the fourth quarter were an all-time record $114 million, up 30 percent over the fourth quarter of 2017.

Operating margins in the quarter were 22.9 percent, 290 basis points over 2017, an all-time record, said Arnold. Orders in the quarter were up 17 percent over the fourth quarter of 2017. We saw particular strength in orders for commercial transports, military fighters, and both commercial and military aftermarkets.

The Vehicle segment posted sales of $821 million, down 2 percent from the fourth quarter of 2017, entirely driven by negative currency translation. Operating profits in the fourth quarter were $147 million, up 4 percent over the fourth quarter of 2017.

Our revenue growth in Vehicle was affected by revenues transferring over to the Eaton Cummins joint venture. The joint ventures revenues grew 45 percent in the fourth quarter of 2018, said Arnold. Operating margins for Vehicle in the quarter were 17.9 percent, an improvement of 90 basis points over 2017.

eMobility segment sales were $80 million, up 10 percent over the fourth quarter of 2017. Organic sales were up 11 percent, partially offset by 1 percent from negative currency translation. Operating profits in the fourth quarter were $9 million, down 10 percent from the fourth quarter of 2017 due to increased R&D investments.

Operating margins in the quarter were 11.3 percent, said Arnold. We continue to make good progress in new product development and we are ahead of most of the 2018 year-end objectives we had set for eMobility.

Eaton is a power management company with 2018 sales of $21.6 billion. We provide energy-efficient solutions that help our customers effectively manage electrical, hydraulic and mechanical power more efficiently, safely and sustainably. Eaton is dedicated to improving the quality of life and the environment through the use of power management technologies and services. Eaton has approximately 99,000 employees and sells products to customers in more than 175 countries. For more information, visit Eaton.com.

Notice of conference call: Eatons conference call to discuss its fourth quarter results is available to all interested parties as a live audio webcast today at 10 a.m. United States Eastern Time via a link on Eatons home page. This news release can be accessed under its headline on the home page. Also available on the website prior to the call will be a presentation on fourth quarter results, which will be covered during the call.

This news release contains forward-looking statements concerning first quarter and full-year 2019 earnings per share, organic revenue growth, and segment margins, as well as anticipated share repurchases. These statements should be used with caution and are subject to various risks and uncertainties, many of which are outside the companys control. The following factors could cause actual results to differ materially from those in the forward-looking statements: unanticipated changes in the markets for the companys business segments; unanticipated downturns in business relationships with customers or their purchases from us; competitive pressures on sales and pricing; unanticipated changes in the cost of material and other production costs, or unexpected costs that cannot be recouped in product pricing; the introduction of competing technologies; unexpected technical or marketing difficulties; unexpected claims, charges, litigation or dispute resolutions; strikes or other labor unrest; natural disasters; the performance of recent acquisitions; unanticipated difficulties integrating acquisitions; new laws and governmental regulations; interest rate changes; changes in tax laws or tax regulations; stock market and currency fluctuations; and unanticipated deterioration of economic and financial conditions in the United States and around the world. We do not assume any obligation to update these forward-looking statements.

Financial Results

The companys comparative financial results for the twelve months ended December 31, 2018 are available on the companys website, www.eaton.com.

 
EATON CORPORATION plc
CONSOLIDATED STATEMENTS OF INCOME
       

Three months ended December 31

Year ended December 31

(In millions except for per share data) 2018 2017 2018 2017
Net sales $ 5,459 $ 5,213 $ 21,609 $ 20,404
 
Cost of products sold 3,670 3,535 14,511 13,756
Selling and administrative expense 869 857 3,548 3,526
Research and development expense 145 144 584 584
Interest expense – net 66 65 271 246
Gain on sale of business 1,077
Arbitration decision expense 275
Other (income) expense – net (17 ) (23 ) (4 ) 1  
Income before income taxes 726 635 2,424 3,368
Income tax expense 94   1   278   382  
Net income 632 634 2,146 2,986
Less net income for noncontrolling interests (1 )   (1 ) (1 )
Net income attributable to Eaton ordinary shareholders $ 631   $ 634   $ 2,145   $ 2,985  
 
Net income per share attributable to Eaton ordinary shareholders
Diluted $ 1.46 $ 1.43 $ 4.91 $ 6.68
Basic 1.46 1.44 4.93 6.71
 
Weighted-average number of ordinary shares outstanding
Diluted 432.4 443.3 436.9 447.0
Basic 429.9 440.3 434.3 444.5
 

Reconciliation of net income attributable to Eaton ordinary shareholders to adjusted earnings

Net income attributable to Eaton ordinary shareholders $ 631 $ 634 $ 2,145 $ 2,985
Excluding acquisition integration charges (after-tax)   1     2  
Adjusted earnings $ 631   $ 635   $ 2,145   $ 2,987  
 
Net income per share attributable to Eaton ordinary shareholders – diluted $ 1.46 $ 1.43 $ 4.91 $ 6.68
Excluding per share impact of acquisition integration charges (after-tax)        
Adjusted earnings per ordinary share $ 1.46   $ 1.43   $ 4.91   $ 6.68  

See accompanying notes.

       
EATON CORPORATION plc
BUSINESS SEGMENT INFORMATION
 

Three months ended December 31

Year ended December 31

(In millions) 2018 2017 2018 2017
Net sales
Electrical Products $ 1,797 $ 1,750 $ 7,124 $ 6,917
Electrical Systems and Services 1,611 1,498 6,024 5,666
Hydraulics 653 614 2,756 2,468
Aerospace 497 441 1,896 1,744
Vehicle 821 837 3,489 3,326
eMobility 80   73   320   283  
Total net sales $ 5,459   $ 5,213   $ 21,609   $ 20,404  
 
Segment operating profit
Electrical Products $ 327 $ 318 $ 1,311 $ 1,233
Electrical Systems and Services 268 225 896 770
Hydraulics 85 74 370 288
Aerospace 114 88 398 332
Vehicle 147 142 611 541
eMobility 9   10   44   50  
Total segment operating profit 950 857 3,630 3,214
 
Corporate
Amortization of intangible assets (93 ) (100 ) (382 ) (388 )
Interest expense – net (66 ) (65 ) (271 ) (246 )
Pension and other postretirement benefits income (expense) 3 (7 ) (1 ) (45 )
Gain on sale of business 1,077
Arbitration decision expense (275 )
Other corporate expense – net (68 ) (50 ) (277 ) (244 )
Income before income taxes 726 635 2,424 3,368
Income tax expense 94   1   278   382  
Net income 632 634 2,146 2,986
Less net income for noncontrolling interests (1 )   (1 ) (1 )
Net income attributable to Eaton ordinary shareholders $ 631   $ 634   $ 2,145   $ 2,985  

See accompanying notes.

       
EATON CORPORATION plc
CONDENSED CONSOLIDATED BALANCE SHEETS
 

December 31, 2018

December 31, 2017

(In millions)
Assets
Current assets
Cash $ 283 $ 561
Short-term investments 157 534
Accounts receivable – net 3,858 3,943
Inventory 2,785 2,620
Prepaid expenses and other current assets 507   679
Total current assets 7,590 8,337
 
Property, plant and equipment – net 3,467 3,502
 
Other noncurrent assets
Goodwill 13,328 13,568
Other intangible assets 4,846 5,265
Deferred income taxes 293 253
Other assets 1,568   1,698
Total assets $ 31,092   $ 32,623
 
Liabilities and shareholders equity
Current liabilities
Short-term debt $ 414 $ 6
Current portion of long-term debt 339 578
Accounts payable 2,130 2,166
Accrued compensation 457 453
Other current liabilities 1,814   1,872
Total current liabilities 5,154   5,075
 
Noncurrent liabilities
Long-term debt 6,768 7,167
Pension liabilities 1,304 1,226
Other postretirement benefits liabilities 321 362
Deferred income taxes 349 538
Other noncurrent liabilities 1,054   965
Total noncurrent liabilities 9,796   10,258
 
Shareholders equity
Eaton shareholders equity 16,107 17,253
Noncontrolling interests 35   37
Total equity 16,142   17,290
Total liabilities and equity $ 31,092   $ 32,623

See accompanying notes.

EATON CORPORATION plc NOTES TO THE FOURTH QUARTER 2018 EARNINGS RELEASE

Amounts are in millions of dollars unless indicated otherwise (per share data assume dilution).

Note 1. NON-GAAP FINANCIAL INFORMATION

This earnings release includes certain non-GAAP financial measures. These financial measures include adjusted earnings, adjusted earnings per ordinary share, net income per ordinary share excluding the per share impact of the arbitration decision expense, net income per ordinary share excluding the gain on the sale of a business and income from the 2017 United States (U.S.) tax bill, net income per ordinary share excluding the income from the 2017 U.S. tax bill, operating profit before acquisition integration charges for each business segment as well as corporate, and operating cash flows excluding payments for the arbitration decision, each of which differs from the most directly comparable measure calculated in accordance with generally accepted accounting principles (GAAP). A reconciliation of each of these financial measures to the most directly comparable GAAP measure is included in this earnings release. Management believes that these financial measures are useful to investors because they exclude certain transactions, allowing investors to more easily compare Eaton Corporation plc’s (Eaton or the Company) financial performance period to period. Management uses this information in monitoring and evaluating the on-going performance of Eaton and each business segment.

Net income per ordinary share of $4.91 for the year ended December 31, 2018 was $5.39 excluding the $0.48 per share expense from an arbitration decision related to the legacy Cooper business, which was acquired in 2012 (see Note 2).

During the fourth quarter of 2018 and full year 2018, operating cash flows of $0.8 billion and $2.7 billion, respectively, would have been $1.1 billion and $3.0 billion, respectively, excluding the $297 payment made during the fourth quarter for the arbitration decision.

Net income per ordinary share of $1.43 for the three months ended December 31, 2017 was $1.29 excluding $0.14 per share of income from the 2017 U.S. tax bill. Net income per ordinary share of $6.68 for the year ended December 31, 2017 was $4.65 excluding $1.89 per share from the gain on the sale of the business related to the Eaton Cummins Automated Transmission Technologies joint venture and $0.14 per share of income from the 2017 U.S. tax bill.

Note 2. ARBITRATION DECISION

Eaton announced in a press release on August 29, 2018 that certain subsidiaries it acquired in the 2012 acquisition of Cooper Industries have been ordered to pay $293 by an arbitration panel. The panels award, issued on August 23, 2018, is related to claims brought by Pepsi-Cola Metropolitan Bottling Company, Inc. (Pepsi).

As Eaton previously disclosed, the dispute related to Pepsis claims that it was harmed by a 2011 settlement agreement that resolved litigation Pneumo Abex, LLC had previously brought against various Cooper entities. The litigation involved, among other things, a guaranty related to Pneumo Abexs friction products business. Pepsi claimed that the value contributed to Pneumo Abex and a newly established trust in exchange for a release of the guaranty was substantially below reasonably equivalent value, and that an inability of Pneumo Abex to satisfy future liabilities may result in plaintiffs suing Pepsi under various theories. There are no other pending claims related to the contributions made for the release of the guaranty.

A Texas state court confirmed the arbitration award at the confirmation hearing, which was held on October 12, 2018. On November 2, 2018, the Company appealed. On November 28, 2018, the Company paid $297, the full judgment plus accrued post-judgment interest, to Pneumo Abex and preserved its rights, including to pursue the appeal, which is pending.

The impact of the arbitration award was an after-tax expense of $206 in the third quarter 2018, reducing 2018 earnings per share by $0.48.

Note 3. ACQUISITION INTEGRATION CHARGES

Eaton incurs integration charges related to acquired businesses. A summary of these charges follows:

      Operating profit
Acquisition Operating profit excluding acquisition
integration charges as reported integration charges
Three months ended December 31
2018   2017 2018   2017 2018   2017
Business segments
Electrical Products $ $ 1 $ 327 $ 318 $ 327 $ 319
Electrical Systems and Services 268 225 268 225
Hydraulics 85 74 85 74
Aerospace 114 88 114 88
Vehicle 147 142 147 142
eMobility         9     10     9     10
Total business segments 1 $ 950   $ 857   $ 950   $ 858
Corporate    

Total acquisition integration charges before income taxes

1
Income taxes    
Total after income taxes $   $ 1  
Per ordinary share – diluted $ $
 
      Operating profit
Acquisition Operating profit excluding acquisition
integration charges as reported integration charges
Year ended December 31
2018   2017 2018   2017 2018   2017
Business segments
Electrical Products $ $ 4 $ 1,311 $ 1,233 $ 1,311 $ 1,237
Electrical Systems and Services 896 770 896 770
Hydraulics 370 288 370 288
Aerospace 398 332 398 332
Vehicle 611 541 611 541
eMobility         44     50     44     50
Total business segments 4 $ 3,630   $ 3,214   $ 3,630   $ 3,218
Corporate    
Total acquisition integration charges before income taxes 4
Income taxes   2  
Total after income taxes $   $ 2  
Per ordinary share – diluted $ $

Business segment acquisition integration charges in 2017 related to the integration of Ephesus Lighting, Inc. (Ephesus), which was acquired in 2015. The charges associated with Ephesus were included in Selling and administrative expense. In Business Segment Information, the charges reduced Operating profit of the related business segment.

Eaton Corporation plc
Kelly Jasko, Media Relations, +1 (440)
523-5304
[email protected]
or
Don
Bullock, Investor Relations, +1 (440) 523-5127

News

Santa Claus Is Coming to Towns Everywhere – Virtually

gbafNews28

Pigeon Forge (Tennessee), one of the countrys most popular holiday vacation destinations, invites families to safely fulfill a cherished holiday tradition with free virtual Santa visits. Available Nov. 30 through Dec. 15, the video calls connect Santa from his North Pole home office to families in the comfort of their own homes, providing a contact-free-but-still-touching alternative to in-person visits this season.

Beginning Nov. 9 at 10 a.m. (Eastern), parents or guardians can register for a free video call with Santa at www.MyPigeonForge.com/Santa. Appointments are available Nov. 30 through Dec. 15, from 11 a.m. to 3 p.m. and 4 p.m. to 8 p.m. daily, excluding Sundays. Availability is on a first-come, first-served basis.

We understand the holiday season may look different for a lot of families this year, but making Christmastime memories is more important than ever, Pigeon Forge Executive Director of Tourism Leon Downey said. Were grateful that Santa and technology can work together to gift families with the magic of Christmas in a safe, contact-free way.

The magical portal also offers children a chance to correspond with Santa via a free personal letter from Santa. Children can share their Christmas wish list at www.MyPigeonForge.com/Santa to receive a personalized letter from Santa.

Each family who chats with Santa will receive an exclusive ornament to commemorate the special call from the North Pole.

For more information and to make a reservation to chat with Santa, visit www.MyPigeonForge.com/Santa.

Pigeon Forge is located in East Tennessee and home to Winterfest (Nov. 13-Feb. 22), an award-winning festival of more than five million holiday lights, Christmastime entertainment and more than 80 attractions.

About Pigeon Forge: More than 10 million people visit Pigeon Forge annually. The city is located approximately 35 miles from Knoxville and McGhee-Tyson Airport. Two-thirds of the nations population east of the Mississippi River lives within a days drive, making it an easily accessible family vacation destination. The citys neighbor is Great Smoky Mountains National Park, the most visited national park in the U.S. It also is home to Dolly Partons Dollywood theme park, Tennessees most visited commercial attraction. More information about all aspects of Pigeon Forge are available at MyPigeonForge.com.

Media contact:

Trish McGee at [email protected]

Continue Reading

News

DLive Launches Crypto Superstar Program for Streaming Partnerships

gbafNews28

As DLive.tv has officially become a part of the BitTorrent X Ecosystem, weve decided to bring in new content categories into the DLive platform to enable more diversity among our global community. With this goal in mind, the company is now introducing Crypto Superstar on DLive to incentivize content creators in the crypto space to join the DLive economy.

What are some of the perks of being a Crypto Superstar on DLive?

  • Dedicated featured spots on DLive website and mobile
  • Fast track to DLive Verified Partnership program
  • Zero cuts from donation done with BTT and TRX
  • Exclusive Crypto Superstar badge next to your name across the platform
  • Direct access to DLive support team
  • The chance to have your streams featured on DLives Official Twitter account and get your channel further promoted as BitTorrent and TRON retweet the stream
  • Exclusive access to collaboration with DLive / BitTorrent / TRON blockchain partners

More benefits will be announced before the end of 2020.

How to join?

In order to sign up as a DLive Crypto Superstar, you must

  • Stream crypto/blockchain related content
  • Have at least 1000 followers/members in your existing platform
  • Share this announcement in your existing platform (through tweet or video)
  • Reach 100 followers on your DLive channel

In order to maintain the status on DLive, you must

  • Stream at least 4 hours a week or upload at least 2 videos per week on your DLive channel
  • Host at least 5 unique other crypto-related channels every 2 months

If you are interested in becoming a Crypto Superstar on DLive and join our global community, please fill out this application form here. If you have any questions, join our discord and talk to a staff member.

We look forward to seeing you shine bright like a star on DLive!

About DLive:

DLive is a decentralized livestreaming community built using the Lino blockchain. DLive utilizes the Lino blockchain to incentivize both content creators and viewers using crypto. DLive believes that all rewards belong to platform participants, and does not take cuts or charge any fees to content creators. Currently, DLive has 20 team members across four continents. To learn more about DLive, please visit https://community.dlive.tv/about/welcome-letter/.

Olivia Luo

[email protected]

Continue Reading

News

Franklin Madison Announces Strategic Investment in Matic

gbafNews28

Franklin Madison, a leading provider in marketing insurance solutions, announced today a strategic investment and partnership with insurtech leader Matic as part of their Series B funding round. Matic is a digital insurance agency focused on seamlessly integrating insurance into the home and auto ownership experience.

As Franklin Madison continues to invest in and advance our digital capabilities, we are very excited to work with Matic, whose cutting edge and proprietary technology is propelling the industry forward, said Robert Dudacek. Their competitive market technology, great business model, and strong leadership made them an attractive investment opportunity.

Matics platform was built to integrate within banks’ ecosystems and deliver an amazing customer experience, said Ben Madick, CEO, Matic Insurance. It was a natural fit to partner with Franklin Madison with their strength and experience in the financial institution marketplace. We are looking forward to the partnership opportunity with an organization that brings nearly 50 years of industry expertise, a best-in-class direct marketing approach, and outstanding customer loyalty across 3,500 financial institutions.

The investment in Matic is further evidence of Franklin Madisons commitment to the insurance and financial institution markets. Franklin Madison and Matic will continue to operate as separate entities.

About Franklin Madison

An industry pioneer with nearly 50 years of experience, Franklin Madison builds financial security for individuals and families by delivering industry-leading insurance products and marketing services through its brand partners. Franklin Madison helps generate increased loyalty and incremental revenue for more than 3,500 financial institutions. Based in Franklin, Tennessee, Franklin Madison has approximately 200 employees. For more information, visit franklin-madison.com or follow us @frnklnmadison and LinkedIn.

About Matic

Since 2014, Matic has changed the landscape of the insurtech industry by integrating insurance within the home and auto ownership experience. Today, Matics digital insurance marketplace has over 30 A-rated home and auto carriers, as well as distribution partners in industries ranging from mortgage origination and servicing to banking, real estate, and personal finance. With a single-minded focus on advocating for policyholders, Matic has created an effortless and transparent comparison-shopping process, saving customers days of work and over 30% in premiums each year. For more information, visit matic.com.

Trisha Torrado

Sr. Manager, Marketing & Communications

Franklin Madison

[email protected]

Continue Reading
Editorial & Advertiser disclosureOur website provides you with information, news, press releases, Opinion and advertorials on various financial products and services. This is not to be considered as financial advice and should be considered only for information purposes. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third party websites, affiliate sales networks, and may link to our advertising partners websites. Though we are tied up with various advertising and affiliate networks, this does not affect our analysis or opinion. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you, or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish sponsored articles or links, you may consider all articles or links hosted on our site as a partner endorsed link.
gbafNews28 gbafNews28
News59 mins ago

Santa Claus Is Coming to Towns Everywhere – Virtually

Pigeon Forge (Tennessee), one of the countrys most popular holiday vacation destinations, invites families to safely fulfill a cherished holiday...

gbafNews28 gbafNews28
News1 hour ago

Southwestern Health Resources and Humana Announce Value-Based Agreement in North Texas

Southwestern Health Resources (SWHR) “ the clinically integrated network for University of Texas Southwestern Medical Center (UT Southwestern), Texas Health...

gbafNews28 gbafNews28
News1 hour ago

Waylay Provides Missing IoT Link for Smart Building Automation

IoT automation and analytics software company Waylay today announced its low-code automation platform for smart buildings, in response to increasing...

gbafNews28 gbafNews28
News1 hour ago

Franklin Madison Announces Strategic Investment in Matic

Franklin Madison, a leading provider in marketing insurance solutions, announced today a strategic investment and partnership with insurtech leader Matic...

gbafNews28 gbafNews28
News1 hour ago

DLive Launches Crypto Superstar Program for Streaming Partnerships

As DLive.tv has officially become a part of the BitTorrent X Ecosystem, weve decided to bring in new content categories...

gbafNews28 gbafNews28
News1 hour ago

Camelot Education Partners with Santa Rosa County District Schools to Serve Students with Exceptional Needs

Camelot Education is proud to announce its partnership with Santa Rosa County District Schools to establish and operate an Exceptional...

gbafNews28 gbafNews28
News1 hour ago

Sheppard Mullin and Text IQ to Present on AI and Privilege Logs at Sedona Conference

Sheppard, Mullin, Richter & Hampton LLP is pleased to announce that it is partnering with Text IQ, a leading artificial...

gbafNews28 gbafNews28
News1 hour ago

Principal Street Partners Announces Addition of Two Teams to Lead Specialized Investment Strategies

Principal Street Partners, the $1.6B asset manager with a focus on income-oriented, innovative investment opportunities for institutional investors, has announced...

gbafNews28 gbafNews28
News1 hour ago

Approved Freight Forwarders Celebrates 5th Consecutive Selection to Top 3PL Providers List

Approved Freight Forwarders announced today their selection by Inbound Logistics Magazine for the ‘Top 100 3PL Provider’ list for the...

gbafNews28 gbafNews28
News1 hour ago

KBRA Assigns Ratings to Wedbush Financial Services, LLC

Kroll Bond Rating Agency (KBRA) assigns issuer and senior unsecured debt ratings of BBB- for Los Angeles, California-based Wedbush Financial...