Le Lézard
Classified in: Health, Science and technology, Business
Subjects: EARNINGS, Conference Call, Webcast, Stock Sale/Buyback

Agilent Reports Second-Quarter Fiscal Year 2024 Financial Results


Agilent Technologies Inc. (NYSE: A) today reported revenue of $1.57 billion for the second quarter ended April 30, 2024, a decline of 8.4% reported and 7.4% core(1) compared to the second quarter of 2023.

Second-quarter GAAP net income was $308 million, or $1.05 per share. This compares with $302 million, or $1.02 per share, in the second quarter of fiscal year 2023. Non-GAAP(2) net income was $356 million, or $1.22 per share during the quarter, compared with $377 million or $1.27 per share during the second quarter a year ago.

"In Q2, we delivered on our expectations and showed the resiliency of our diversified business. While we see the market improving, it is improving at a slower pace than anticipated," said Padraig McDonnell, Agilent president and CEO. "We are taking decisive action to streamline our cost structure and capture incremental opportunities in the markets as they recover. I'm confident about the future and extremely excited about the opportunities that lie ahead for Agilent."

Financial Highlights

In the first quarter of 2024, Agilent implemented certain changes to its segment reporting structure. Prior period segment information has been recast to reflect these changes. These changes have no impact on Agilent's consolidated financial statements.

Life Sciences and Applied Markets Group

Agilent's Life Sciences and Applied Markets Group (LSAG) reported second-quarter revenue of $754 million, a decline of 14% reported and 13% core(1) year-over-year. LSAG's operating margin for the quarter was 24.7%.

Agilent CrossLab Group

The Agilent CrossLab Group (ACG) reported second-quarter revenue of $402 million, an increase of 4% reported and 5% core(1) year-over-year. ACG's operating margin for the quarter was 30.5%.

Diagnostics and Genomics Group

The Diagnostics and Genomics Group (DGG) reported second-quarter revenue of $417 million, a decrease of 9% reported and 8% core(1) year-over-year. DGG's operating margin for the quarter was 20.5%.

Full Year 2024 and Third-Quarter Outlook

Full-year revenue outlook is revised at $6.420 billion to $6.500 billion, representing a range of down 6.0% to 4.9% on a reported basis and down 5.4% to 4.3% core(1). Fiscal year 2024 non-GAAP(3) earnings guidance is revised at a range of $5.15 to $5.25 per share.

The outlook for third-quarter revenue is expected in the range of $1.535 billion to $1.575 billion, a decline of 8.2% to 5.8% reported and 6.9% to 4.5% core(1). Third-quarter non-GAAP(3) earnings guidance is expected in the range of $1.25 to $1.28 per share.

The outlook is based on forecasted currency exchange rates.

Conference Call

Agilent's management will present additional details regarding the company's second-quarter 2024 financial results on a conference call with investors today at 1:30 p.m. PDT. This event will be broadcast live online in listen-only mode. To listen to the webcast, select the "Q2 2024 Agilent Technologies Inc. Earnings Conference Call" link on the Agilent Investor Relations website. The webcast will remain on the company site for 90 days.

About Agilent Technologies

Agilent Technologies Inc. (NYSE: A) is a global leader in analytical and clinical laboratory technologies, delivering insights and innovation that help our customers bring great science to life. Agilent's full range of solutions includes instruments, software, services, and expertise that provide trusted answers to our customers' most challenging questions. The company generated revenue of $6.83 billion in fiscal 2023 and employs approximately 18,000 people worldwide. Information about Agilent is available at www.agilent.com. To receive the latest Agilent news, subscribe to the Agilent Newsroom. Follow Agilent on LinkedIn and Facebook.

Forward-Looking Statements

This news release contains forward-looking statements as defined in the Securities Exchange Act of 1934 and is subject to the safe harbors created therein. The forward-looking statements contained herein include, but are not limited to, information regarding Agilent's growth prospects, business, financial results, revenue, non-GAAP earnings guidance for Q3 and fiscal year 2024, share repurchase program, and future amortization of intangibles. These forward-looking statements involve risks and uncertainties that could cause Agilent's results to differ materially from management's current expectations. Such risks and uncertainties include, but are not limited to, unforeseen changes in the strength of Agilent's customers' businesses; unforeseen changes in the demand for current and new products, technologies, and services; unforeseen changes in the currency markets; customer purchasing decisions and timing; and the risk that Agilent is not able to realize the savings expected from integration and restructuring activities. In addition, other risks that Agilent faces in running its operations include the ability to execute successfully through business cycles; the ability to meet and achieve the benefits of its cost-reduction goals and otherwise successfully adapt its cost structures to continuing changes in business conditions; ongoing competitive, pricing and gross-margin pressures; the risk that its cost-cutting initiatives will impair its ability to develop products and remain competitive and to operate effectively; the impact of geopolitical uncertainties and global economic conditions on its operations, its markets and its ability to conduct business; the ability to improve asset performance to adapt to changes in demand; the ability of its supply chain to adapt to changes in demand; the ability to successfully introduce new products at the right time, price and mix; the ability of Agilent to successfully integrate recent acquisitions; the ability of Agilent to successfully comply with certain complex regulations; and other risks detailed in Agilent's filings with the Securities and Exchange Commission, including its quarterly report on Form 10-Q for the fiscal quarter ended January 31, 2024. Forward-looking statements are based on the beliefs and assumptions of Agilent's management and on currently available information. Agilent undertakes no responsibility to publicly update or revise any forward-looking statement.

(1) Core revenue growth excludes the impact of currency and acquisitions and divestitures within the past 12 months. Core revenue is a non-GAAP measure. Reconciliations between GAAP revenue and core revenue for Q2 fiscal year 2024 are set forth on page 6 of the attached tables along with additional information regarding the use of this non-GAAP measure. Core revenue growth rate as projected for Q3 fiscal year 2024 and full fiscal year 2024 excludes the impact of currency and acquisitions and divestitures within the past 12 months. Most of the excluded amounts pertain to events that have not yet occurred and are not currently possible to estimate with a reasonable degree of accuracy and could differ materially. Therefore, no reconciliation to GAAP amounts has been provided for the projection.

(2) Non-GAAP net income and non-GAAP earnings per share primarily exclude the impacts of restructuring and other related costs, intangibles amortization, transformational initiatives, acquisition and integration costs and net (gain) loss on equity securities. Agilent also excludes any tax benefits or expenses that are not directly related to ongoing operations, and which are either isolated or are not expected to occur again with any regularity or predictability. A reconciliation between non-GAAP net income and GAAP net income is set forth on page 4 of the attached tables along with additional information regarding the use of this non-GAAP measure.

(3) Non-GAAP earnings per share as projected for Q3 fiscal year 2024 and full fiscal year 2024 exclude primarily the estimated impacts of non-cash intangibles amortization, transformational initiatives, and acquisition and integration costs. Agilent also excludes any tax benefits or expenses that are not directly related to ongoing operations, and which are either isolated or are not expected to occur again with any regularity or predictability. Most of these excluded amounts pertain to events that have not yet occurred and are not currently possible to estimate with a reasonable degree of accuracy and could differ materially. Therefore, no reconciliation to GAAP amounts has been provided. Future amortization of intangibles is expected to be approximately $25 million per quarter.

AGILENT TECHNOLOGIES, INC.
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
(In millions, except per share data)
(Unaudited)
PRELIMINARY
 
 
Three Months Ended Six Months Ended
April 30, April 30,

2024

2023

2024

2023

 
Net revenue

$

1,573

 

$

1,717

 

$

3,231

 

$

3,473

 

 
Costs and expenses:
Cost of products and services

 

717

 

 

793

 

 

1,467

 

 

1,581

 

Research and development

 

113

 

 

126

 

 

241

 

 

249

 

Selling, general and administrative

 

380

 

 

415

 

 

776

 

 

834

 

Total costs and expenses

 

1,210

 

 

1,334

 

 

2,484

 

 

2,664

 

 
Income from operations

 

363

 

 

383

 

 

747

 

 

809

 

 
Interest income

 

19

 

 

12

 

 

37

 

 

21

 

Interest expense

 

(20

)

 

(24

)

 

(42

)

 

(49

)

Other income (expense), net

 

12

 

 

6

 

 

35

 

 

6

 

 
Income before taxes

 

374

 

 

377

 

 

777

 

 

787

 

 
Provision for income taxes

 

66

 

 

75

 

 

121

 

 

133

 

 
Net income

$

308

 

$

302

 

$

656

 

$

654

 

 
 
 
Net income per share:
Basic

$

1.05

 

$

1.02

 

$

2.24

 

$

2.21

 

Diluted

$

1.05

 

$

1.02

 

$

2.23

 

$

2.20

 

 
Weighted average shares used in computing net income per share:
Basic

 

293

 

 

296

 

 

293

 

 

296

 

Diluted

 

293

 

 

297

 

 

294

 

 

297

 

 
The preliminary income statement is estimated based on our current information.
 
Page 1
AGILENT TECHNOLOGIES, INC.
CONDENSED CONSOLIDATED BALANCE SHEET
(In millions, except par value and share data)
(Unaudited)
PRELIMINARY
     
     
  April 30,   October 31,
 

2024

 

2023

ASSETS    
     
Current assets:    
Cash and cash equivalents  

$

1,671

 

 

$

1,590

 

Accounts receivable, net  

 

1,249

 

 

 

1,291

 

Inventory  

 

1,000

 

 

 

1,031

 

Other current assets  

 

283

 

 

 

274

 

Total current assets  

 

4,203

 

 

 

4,186

 

     
Property, plant and equipment, net  

 

1,371

 

 

 

1,270

 

Goodwill  

 

3,963

 

 

 

3,960

 

Other intangible assets, net  

 

417

 

 

 

475

 

Long-term investments  

 

177

 

 

 

164

 

Other assets  

 

725

 

 

 

708

 

Total assets  

$

10,856

 

 

$

10,763

 

     
LIABILITIES AND EQUITY    
     
Current liabilities:    
Accounts payable  

$

461

 

 

$

418

 

Employee compensation and benefits  

 

326

 

 

 

371

 

Deferred revenue  

 

533

 

 

 

505

 

Short-term debt  

 

420

 

 

 

?

 

Other accrued liabilities  

 

218

 

 

 

309

 

Total current liabilities  

 

1,958

 

 

 

1,603

 

     
Long-term debt  

 

2,136

 

 

 

2,735

 

Retirement and post-retirement benefits  

 

99

 

 

 

103

 

Other long-term liabilities  

 

449

 

 

 

477

 

Total liabilities  

 

4,642

 

 

 

4,918

 

     
Total Equity:    
Stockholders' equity:    
Preferred stock; $0.01 par value; 125,000,000 shares authorized; none issued and outstanding at April 30, 2024 and October 31, 2023  

 

?

 

 

 

?

 

Common stock; $0.01 par value, 2,000,000,000 shares authorized; 291,587,707 shares at April 30, 2024 and 292,123,241 shares at October 31, 2023, issued and outstanding  

 

3

 

 

 

3

 

Additional paid-in-capital  

 

5,458

 

 

 

5,387

 

Retained earnings  

 

1,090

 

 

 

782

 

Accumulated other comprehensive loss  

 

(337

)

 

 

(327

)

Total stockholders' equity  

 

6,214

 

 

 

5,845

 

Total liabilities and stockholders' equity  

$

10,856

 

 

$

10,763

 

     
     
The preliminary balance sheet is estimated based on our current information.    
Page 2
AGILENT TECHNOLOGIES, INC.
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
(In millions)
(Unaudited)
PRELIMINARY
     
     
  Six Months Ended
  April 30,   April 30,
 

2024

 

2023

Cash flows from operating activities:    
Net income  

$

656

 

 

$

654

 

     
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization  

 

125

 

 

 

138

 

Share-based compensation  

 

75

 

 

 

68

 

Deferred taxes  

 

(7

)

 

 

(1

)

Excess and obsolete inventory related charges  

 

23

 

 

 

15

 

Net (gain) loss on equity securities  

 

(4

)

 

 

14

 

Asset impairment charges  

 

8

 

 

 

?

 

Change in fair value of contingent consideration  

 

?

 

 

 

1

 

Other non-cash (income) expense, net  

 

(4

)

 

 

2

 

Changes in assets and liabilities:    
Accounts receivable, net  

 

44

 

 

 

49

 

Inventory  

 

3

 

 

 

(71

)

Accounts payable  

 

64

 

 

 

(101

)

Employee compensation and benefits  

 

(47

)

 

 

(110

)

Other assets and liabilities  

 

(118

)

 

 

36

 

Net cash provided by operating activities (a)  

 

818

 

 

 

694

 

     
Cash flows from investing activities:    
Payments to acquire property, plant and equipment  

 

(193

)

 

 

(133

)

Proceeds from sale of equity securities  

 

?

 

 

 

5

 

Payments to acquire equity securities  

 

(3

)

 

 

(1

)

Proceeds from convertible note  

 

?

 

 

 

4

 

Payments in exchange for convertible note  

 

(8

)

 

 

(5

)

Payments to acquire businesses and intangible assets, net of cash acquired  

 

?

 

 

 

(51

)

Net cash used in investing activities  

 

(204

)

 

 

(181

)

     
Cash flows from financing activities:    
Proceeds from issuance of common stock under employee stock plans  

 

43

 

 

 

35

 

Payment of taxes related to net share settlement of equity awards  

 

(26

)

 

 

(52

)

Payments for repurchase of common stock  

 

(230

)

 

 

(160

)

Payments of dividends  

 

(138

)

 

 

(133

)

Repayments of long-term debt  

 

(180

)

 

 

?

 

Net proceeds from (repayment of) short-term debt  

 

?

 

 

 

(35

)

Payment for contingent consideration  

 

?

 

 

 

(62

)

Net cash used in financing activities  

 

(531

)

 

 

(407

)

     
Effect of exchange rate movements  

 

(2

)

 

 

16

 

     
Net increase in cash, cash equivalents and restricted cash  

 

81

 

 

 

122

 

     
Cash, cash equivalents and restricted cash at beginning of period  

 

1,593

 

 

 

1,056

 

     
Cash, cash equivalents and restricted cash at end of period  

$

1,674

 

 

$

1,178

 

     
     
Reconciliation of cash, cash equivalents and restricted cash to the condensed consolidated balance sheet:  
     
Cash and cash equivalents  

$

1,671

 

 

$

1,175

 

Restricted cash, included in other assets  

 

3

 

 

 

3

 

Total cash, cash equivalents and restricted cash  

$

1,674

 

 

$

1,178

 

     
     
(a) Cash payments included in operating activities:    
     
Income tax payments, net of refunds received  

$

224

 

 

$

128

 

Interest payments, net of capitalized interest  

$

40

 

 

$

44

 

     
     
The preliminary cash flow is estimated based on our current information.    
     
Page 3
AGILENT TECHNOLOGIES, INC.
NON-GAAP NET INCOME AND DILUTED EPS RECONCILIATIONS
(In millions, except per share data)
(Unaudited)
PRELIMINARY
                 
  Three Months Ended   Six Months Ended
  April 30,   April 30,
 

2024

 

2023

 

2024

 

2023

  Net Income   Diluted
EPS
  Net Income   Diluted
EPS
  Net Income   Diluted
EPS
  Net Income   Diluted
EPS
               
GAAP net income  

$

308

 

 

$

1.05

 

$

302

 

$

1.02

 

$

656

 

 

$

2.23

 

$

654

 

$

2.20

Non-GAAP adjustments:                
Restructuring and other related costs  

 

1

 

 

 

?

 

 

?

 

 

?

 

 

4

 

 

 

0.01

 

 

?

 

 

?

Asset impairments  

 

?

 

 

 

?

 

 

?

 

 

?

 

 

8

 

 

 

0.03

 

 

?

 

 

?

Intangible amortization  

 

26

 

 

 

0.09

 

 

38

 

 

0.12

 

 

52

 

 

 

0.18

 

 

74

 

 

0.25

Transformational initiatives  

 

1

 

 

 

?

 

 

5

 

 

0.02

 

 

4

 

 

 

0.01

 

 

12

 

 

0.04

Acquisition and integration costs  

 

(1

)

 

 

?

 

 

5

 

 

0.02

 

 

1

 

 

 

?

 

 

7

 

 

0.02

Net (gain) loss on equity securities  

 

(1

)

 

 

?

 

 

4

 

 

0.01

 

 

(1

)

 

 

?

 

 

16

 

 

0.06

Change in fair value of contingent consideration  

 

?

 

 

 

?

 

 

?

 

 

?

 

 

?

 

 

 

?

 

 

1

 

 

?

Other  

 

7

 

 

 

0.02

 

 

8

 

 

0.03

 

 

1

 

 

 

?

 

 

11

 

 

0.04

Adjustment for taxes (a)  

 

15

 

 

 

0.06

 

 

15

 

 

0.05

 

 

11

 

 

 

0.04

 

 

8

 

 

0.03

Non-GAAP net income  

$

356

 

 

$

1.22

 

$

377

 

$

1.27

 

$

736

 

 

$

2.50

 

$

783

 

$

2.64

(a) The adjustment for taxes excludes tax expense (benefits) that management believes are not directly related to on-going operations and which are either isolated, temporary or cannot be expected to occur again with any regularity or predictability such as the realized gain/loss due to sale of a business, windfall benefits on stock compensation, and the impact of R&D capitalization under section 174 of the Tax Cuts and Jobs Act of 2017. For the three months ended April 30, 2024, management used a non-GAAP effective tax rate of 12.46%. For the six months ended April 30, 2024, management used a non-GAAP effective tax rate of 13.00%. For the three and six months ended April 30, 2023, management used a non-GAAP effective tax rate of 13.75%.
 
We provide non-GAAP net income and non-GAAP net income per share amounts in order to provide meaningful supplemental information regarding our operational performance and our prospects for the future. These supplemental measures exclude, among other things, charges related to restructuring and other related costs, asset impairments, amortization of intangibles, transformational initiatives, acquisition and integration costs, net (gain) loss on equity securities and change in fair value of contingent consideration.
 
Restructuring and other related costs include incremental expenses incurred in the period associated with restructuring programs, usually aimed at changes in business and/or cost structure. Such costs may include one-time termination benefits, facility-related costs and contract termination fees.
 
Asset impairments include assets that have been written down to their fair value.
 
Transformational initiatives include expenses associated with targeted cost reduction activities such as manufacturing transfers including costs to move manufacturing, site consolidations, legal entity and other business reorganizations, insourcing or outsourcing of activities. Such costs may include move and relocation costs, one-time termination benefits and other one-time reorganization costs. Included in this category are also expenses associated with company programs to transform our product lifecycle management (PLM) system and human resources and financial systems.
 
Acquisition and integration costs include all incremental expenses incurred to effect a business combination. Such acquisition costs may include advisory, legal, tax, accounting, valuation, and other professional or consulting fees. Such integration costs may include expenses directly related to integration of business and facility operations, the transfer of assets and intellectual property, information technology systems and infrastructure and other employee-related costs.
 
Net (gain) loss on equity securities relates to the realized and unrealized mark-to-market adjustments for our marketable and non-marketable equity securities.
 
Change in fair value of contingent consideration represents changes in the fair value estimate of acquisition-related contingent consideration.
 
Other includes certain legal costs and settlements, special compliance costs, acceleration of stock-based compensation expense and other miscellaneous adjustments.
 
Our management uses non-GAAP measures to evaluate the performance of our core businesses, to estimate future core performance and to compensate employees. Since management finds this measure to be useful, we believe that our investors benefit from seeing our results "through the eyes" of management in addition to seeing our GAAP results. This information facilitates our management's internal comparisons to our historical operating results as well as to the operating results of our competitors.
 
Our management recognizes that items such as amortization of intangibles can have a material impact on our cash flows and/or our net income. Our GAAP financial statements including our statement of cash flows portray those effects. Although we believe it is useful for investors to see core performance free of special items, investors should understand that the excluded items are actual expenses that may impact the cash available to us for other uses. To gain a complete picture of all effects on the company's profit and loss from any and all events, management does (and investors should) rely upon the GAAP income statement. The non-GAAP numbers focus instead upon the core business of the company, which is only a subset, albeit a critical one, of the company's performance.
 
Readers are reminded that non-GAAP numbers are merely a supplement to, and not a replacement for, GAAP financial measures. They should be read in conjunction with the GAAP financial measures. It should be noted as well that our non-GAAP information may be different from the non-GAAP information provided by other companies.
 
The preliminary non-GAAP net income and diluted EPS reconciliation is estimated based on our current information.
 
Page 4
AGILENT TECHNOLOGIES, INC.
SEGMENT INFORMATION
(In millions, except where noted)
(Unaudited)
PRELIMINARY
 
 
Quarter-over-Quarter
 
Life Sciences and Applied Markets Group
Q2'24 Q2'23
Revenue

$

754

 

$

874

 

Gross Margin, %

 

59.4

%

 

59.8

%

Income from Operations

$

186

 

$

244

 

Operating margin, %

 

24.7

%

 

27.9

%

 
 
Diagnostics and Genomics Group
Q2'24 Q2'23
Revenue

$

417

 

$

456

 

Gross Margin, %

 

53.7

%

 

53.7

%

Income from Operations

$

86

 

$

93

 

Operating margin, %

 

20.5

%

 

20.5

%

 
 
Agilent CrossLab Group
Q2'24 Q2'23
Revenue

$

402

 

$

387

 

Gross Margin, %

 

50.2

%

 

47.0

%

Income from Operations

$

123

 

$

103

 

Operating margin, %

 

30.5

%

 

26.6

%

Income from operations reflect the results of our reportable segments under Agilent's management reporting system which are not necessarily in conformity with GAAP financial measures. Income from operations of our reporting segments exclude, among other things, charges related to restructuring and other related costs, amortization of intangibles, transformational initiatives and acquisition and integration costs.
 
Readers are reminded that non-GAAP numbers are merely a supplement to, and not a replacement for, GAAP financial measures.  They should be read in conjunction with the GAAP financial measures.  It should be noted as well that our non-GAAP information may be different from the non-GAAP information provided by other companies.
 
The preliminary segment information is estimated based on our current information. 
 
Page 5
AGILENT TECHNOLOGIES, INC.
RECONCILIATIONS OF REVENUE BY SEGMENT
EXCLUDING ACQUISITIONS, DIVESTITURES AND THE IMPACT OF CURRENCY ADJUSTMENTS (CORE)
(in millions)
(Unaudited)
PRELIMINARY
 
Year-over-Year
 
GAAP
Year-over-Year
GAAP Revenue by Segment Q2'24 Q2'23 % Change
 
Life Sciences and Applied Markets Group

$

754

$

874

(14%)

Diagnostics and Genomics Group

 

417

 

456

(9%)

Agilent CrossLab Group

 

402

 

387

4%

Agilent

$

1,573

$

1,717

(8%)

 
 
 
 
Non-GAAP
(excluding Acquisitions & Divestitures)
Year-over-Year
at Constant Currency (a)
Year-over-Year Year-over-Year Percentage Point
Impact from
Currency
Current Quarter
Currency Impact
(b)
Non GAAP Revenue by Segment Q2'24 Q2'23 % Change % Change
 
Life Sciences and Applied Markets Group

$

754

$

874

(14%)

(13%)

-1 ppt

$

(8)

Diagnostics and Genomics Group

 

417

 

453

(8%)

(8%)

?

 

(2)

Agilent CrossLab Group

 

402

 

387

4%

5%

-1 ppt

 

(4)

Agilent (Core)

$

1,573

$

1,714

(8%)

(7%)

-1 ppt

$

(14)

We compare the year-over-year change in revenue excluding the effect of recent acquisitions and divestitures and foreign currency rate fluctuations to assess the performance of our underlying business.
 
(a) The constant currency year-over-year growth percentage is calculated by recalculating all periods in the comparison period at the foreign currency exchange rates used for accounting during the last month of the current quarter and then using those revised values to calculate the year-over-year percentage change.
 
(b) The dollar impact from the current quarter currency impact is equal to the total year-over-year dollar change less the constant currency year-over-year change.
 
The preliminary reconciliation of GAAP revenue adjusted for recent acquisitions and divestitures and impact of currency is estimated based on our current information.
 
Page 6

 


These press releases may also interest you

18 jun 2024
Innovent Biologics, Inc. (Innovent) (HKEX: 01801), a world-class biopharmaceutical company that develops, manufactures and commercializes high-quality medicines for the treatment of oncology, metabolic, autoimmune, ophthalmology and other major...

18 jun 2024
The Republic of Peru ("Peru") announced earlier today the commencement of offers to (i) exchange certain of Peru's outstanding sovereign bonds or bonos soberanos (the "Existing Bonos Soberanos"), including bonos soberanos in the form of Global...

18 jun 2024
Significant wage increases and equity measures are key features of a three-year collective agreement ratified this evening by Unifor Local 3018. "Unifor members in Williams Lake have successfully negotiated a collective agreement that reflects their...

18 jun 2024
ZA Tech, the next-generation insurance core system SaaS provider, has rebranded as Peak3. With the successful completion of its US$35 million Series A fundraising from EQT (lead investor) and Alpha JWC Ventures, Peak3 now accelerates its expansion in...

18 jun 2024
YolTech, a clinical-stage biopharmaceutical company specializing in mRNA-LNP delivery for in vivo gene editing therapies, has partnered with KACTUS, a leading developer serving the biopharmaceutical industry, to advance the commercialization of...

18 jun 2024
High Arctic Energy Services Inc. ("High Arctic" or the "Corporation") is pleased to announce the results from its 2024 annual general and special meeting of shareholders ?held on June 17, 2024 in Calgary, Alberta (the "Meeting"). Each of the...



News published on and distributed by: