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When poverty and pet ownership intersect, what's the most humane thing to do? Subscribe to continue reading this article. Already subscribed? To login in, click here.Vivek Ramaswamy once compared Elon Musk to a “circus monkey” eager to do China’s bidding before President-elect Donald Trump tapped the two men to co-lead his proposed Department of Government Efficiency, or DOGE . “I think Tesla is increasingly beholden to China,” Ramaswamy said in a 2023 podcast interview . “I have no reason to think Elon won’t jump like a circus monkey when (Chinese president) Xi Jinping calls in the hour of need.” Tesla — Musk’s electric car company — depends heavily on its Shanghai battery factory for global auto production. Ramaswamy also reportedly accused Musk of a “willingness to change his political tunes” to pacify Chinese officials in a 2022 podcast. Though Musk calls himself a champion for free speech on social media, Ramaswamy pointed out the irony of his relationship with Chinese officials, who don’t share those values. CNN unearthed numerous unflattering comments Ramaswamy made about his new partner in the past couple years and they weren’t all in regards to China. In a 2022 Fox News podcast, he suggested Musk’s companies, Tesla and SpaceX, had public funding and government contracts to thank for making Musk the world’s richest man. That comment in particular could be used by critics to question Musk’s goal to cut $2 trillion in government spending under the Trump administration. Ramaswamy told CNN he made his derogatory comments about Musk before the pair met and now feels differently. “I love him and respect the hell out of him, and I’m proud to call him a friend,” Ramaswamy told the outlet. “The only country he puts first is the same one I do: the United States of America.” ©2024 New York Daily News. Visit nydailynews.com . Distributed by Tribune Content Agency, LLC.
Punjab bandh begins over farmers' protest: Roads blocked, trains cancelled, buses off roadsGreg McLean put a lot of his childhood (and family) into blockbuster Territory
MINNEAPOLIS (AP) — Donte DiVincenzo scored 26 points as the Minnesota Timberwolves defeated the San Antonio Spurs 112-110 on Sunday night. Rudy Gobert had 17 points and 15 rebounds for the Timberwolves, won won their third straight. Julius Randle had 16 points, while Jaden McDaniels added 12 points and 10 boards for Minnesota. Anthony Edwards, who earlier in the day was fined $100,000 for continued use of profanity in postgame media comments, was held to 14 points, 11 below his season average. After DiVincenzo made one of two free throws with 12.1 seconds left, the Spurs had one more possession down 112-110. San Antonio found a wide-open Jeremy Sochan for 3, but he came up short. Wembanyama led San Antonio with 34 points and eight rebounds. Harrison Barnes had 24 points, Devin Vassell had 22 and Chris Paul dished out 14 assists. Takeaways Spurs: Trailing by 13 early in the third quarter, Wembanyama keyed a 16-4 run by showcasing his diverse offensive skills. He scored in the low post, hit a 3, made a pair of free throws and drained two midrange jumpers. Timberwolves: Minnesota survived a brutal shooting night from 3-point range, making just 11 of 44 attempts from beyond the arc. DiVincenzo was 5 for 10, but Edwards and Randle combined to go 1 for 16. Key moment With 4:44 to play and the game tied at 101, Randle made a driving layup against Wembanyama that was initially whistled for an offensive foul. Timberwolves coach Chris Finch challenged the call, and the basket was allowed to stand. Minnesota didn't trail the rest of the way. Key stat In the first quarter, the Timberwolves made just 1 of 11 3-point attempts but went 9 for 9 inside the arc. Up next The Spurs host the Clippers, and the Timberwolves visit Oklahoma City on Tuesday. AP NBA: https://apnews.com/hub/nbaBy Ja'han Jones President-elect Donald Trump is looking to stock his incoming Cabinet with stars from his favorite television network, Fox News. Trump’s selection of former Fox News contributor (and MSNBC alum ) Monica Crowley — who reportedly spread the conspiracy theory that President Barack Obama was secretly Muslim — as chief of protocol at the State Department brings the total number of prospective former Fox News employees in his administration to 12, according to a tally by left-leaning media accountability group Media Matters . (The outlet also notes that several other frequent Fox News guests are slated to serve in high-ranking positions.) The White House could soon become a Fox den (see what I did there?) — just as it was the first time Trump was president. Trump — cable news - obsessed septuagenarian that he is — could become an even greater hero to like-minded armchair curmudgeons in just a few months, going from yelling at the Fox News talent on his television to barking orders at them face to face. On Wednesday's episode of “The ReidOut with Joy Reid,” former NBC executive John Miller, who helped market Trump’s reality show “The Apprentice,” gave some insight into Trump’s decision-making on that show that could apply to his Cabinet picks, as well. In picking winners on the show, Miller said, Trump prioritized several things above competence, including “loyalty,” how much a person praised him, how public that praise was and how someone looked physically doing the job. Miller said “actual ability to do the job based on credentials or experience does not seem to be important” to Trump and is last on his list of qualifications. There’s no reason to believe the batch of former Fox News talent Trump has selected to work in his administration are being judged on anything other than how well they follow his orders — and how good they look on TV doing it. Ja'han Jones is The ReidOut Blog writer. He's a futurist and multimedia producer focused on culture and politics. His previous projects include "Black Hair Defined" and the "Black Obituary Project."
Electric air taxis are taking flight. Can they succeed as a business?COLUMBUS, Ohio (AP) — Amazon Web Services will invest another $10 billion to bolster its data center infrastructure in Ohio. The company and Republican Gov. Mike DeWine announced the plan Monday. The new investment will boost the amount it has committed to spending in Ohio by the end of 2029 to more than $23 billion. AWS launched its first data centers in the state in 2016 and operates campuses in two counties in central Ohio, home to the capital city . The new investment will allow AWS to expand its data centers to new sites, but the company said those locations have not been determined yet and noted that its investment plans are contingent upon the execution of long-term energy service agreements. AWS said the new data centers will contain computer servers, storage drives, networking equipment and other forms of technology infrastructure used to power cloud computing, including artificial intelligence and machine learning. In June 2023, AWS said it would by the end of 2029 to expand its data center operations in central Ohio. That was on top of $6 billion already invested through 2022.
Electric air taxis are taking flight. Can they succeed as a business?Morgan Rogers’ fourth goal of the season, an Ollie Watkins penalty and Matty Cash’s finish put Villa 3-0 up after 34 minutes. Mikkel Damsgaard pulled one back for Brentford in the second half but the damage had been done as Villa ended their eight-match winless run in all competitions. Emery was relieved to end the unwanted streak but quickly turned his attention to the next fixture against Southampton on Saturday. “We broke a spell of bad results we were having,” the Villa boss said. “We started the first five or 10 minutes not in control of the game but then progressively we controlled. “Today we achieved those three points and it has given us confidence again but even like that it’s not enough. We have to keep going and think about the next match against Southampton on Saturday. “The message was try to focus on each match, try to forget the table. How we can recover confidence and feel comfortable at home. Today was a fantastic match.” Tyrone Mings returned to the starting line-up in the Premier League for the first time since August 2023. Emery admitted it has been a long road back for the 31-year-old and is pleased to have him back. He added: “Mings played in the Champions league but it’s the first time in the league for a year and three months. “I think he played fantastic – he might be tired tomorrow but will be ready for Saturday again. “It was very, very long, the injury he had. His comeback is fantastic for him and everybody, for the doctor and physio and now he’s training everyday.” Brentford fell to a sixth away defeat from seven games and have picked up only a solitary point on the road this season. They have the best home record in the league, with 19 points from seven matches, but they have the joint worst away record. Bees boss Thomas Frank is confident form will improve on the road. He said: “On numbers we can’t argue we are better at home than away, but on numbers it’s a coincidence. I think two of the seven away games have been bad. “The other games we performed well in big spells. I’m confident at the end of the season we will have some wins away from home.” Frank felt Villa should not have been given a penalty when Ethan Pinnock brought Watkins down. He added: “I want to argue the penalty. I don’t think it is (one). I think Ollie kicked back and hit Ethan, yes there is an arm on the shoulder but threshold and all that – but that’s not the reason we lost.”
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DiVincenzo scores 26 to lead Timberwolves past Spurs 112-110 despite 34 points from Wembanyama MINNEAPOLIS (AP) — Donte DiVincenzo scored 26 points as the Minnesota Timberwolves defeated the San Antonio Spurs 112-110 on Sunday night. Rudy Gobert had 17 points and 15 rebounds for the Timberwolves, won won their third straight. Patrick Donnelly, The Associated Press Dec 29, 2024 8:55 PM Dec 29, 2024 9:05 PM Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message Minnesota Timberwolves guard Donte DiVincenzo, left, celebrates his three-point basket as San Antonio Spurs guard Chris Paul (3) looks on during the first half of an NBA basketball game Sunday, Dec. 29, 2024, in Minneapolis. (AP Photo/Matt Krohn) MINNEAPOLIS (AP) — Donte DiVincenzo scored 26 points as the Minnesota Timberwolves defeated the San Antonio Spurs 112-110 on Sunday night. Rudy Gobert had 17 points and 15 rebounds for the Timberwolves, won won their third straight. Julius Randle had 16 points, while Jaden McDaniels added 12 points and 10 boards for Minnesota. Anthony Edwards, who earlier in the day was fined $100,000 for continued use of profanity in postgame media comments, was held to 14 points, 11 below his season average. After DiVincenzo made one of two free throws with 12.1 seconds left, the Spurs had one more possession down 112-110. San Antonio found a wide-open Jeremy Sochan for 3, but he came up short. Wembanyama led San Antonio with 34 points and eight rebounds. Harrison Barnes had 24 points, Devin Vassell had 22 and Chris Paul dished out 14 assists. Takeaways Spurs: Trailing by 13 early in the third quarter, Wembanyama keyed a 16-4 run by showcasing his diverse offensive skills. He scored in the low post, hit a 3, made a pair of free throws and drained two midrange jumpers. Timberwolves: Minnesota survived a brutal shooting night from 3-point range, making just 11 of 44 attempts from beyond the arc. DiVincenzo was 5 for 10, but Edwards and Randle combined to go 1 for 16. Key moment With 4:44 to play and the game tied at 101, Randle made a driving layup against Wembanyama that was initially whistled for an offensive foul. Timberwolves coach Chris Finch challenged the call, and the basket was allowed to stand. Minnesota didn't trail the rest of the way. Key stat In the first quarter, the Timberwolves made just 1 of 11 3-point attempts but went 9 for 9 inside the arc. Up next The Spurs host the Clippers, and the Timberwolves visit Oklahoma City on Tuesday. ___ AP NBA: https://apnews.com/hub/nba Patrick Donnelly, The Associated Press See a typo/mistake? Have a story/tip? This has been shared 0 times 0 Shares Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message Get your daily Victoria news briefing Email Sign Up More Basketball Tyler Herro scores 27 before ejection in Heat's 104-100 win over Rockets Dec 29, 2024 9:04 PM Thompson-Herro fight leads to ejections of multiple players and coaches in Heat's victory in Houston Dec 29, 2024 8:29 PM Herro leads Heat over Rockets in game marred by fight and ejections in final minute Dec 29, 2024 7:40 PMCOLUMBUS, Ohio, Dec. 17, 2024 (GLOBE NEWSWIRE) -- Worthington Enterprises, Inc. (NYSE: WOR), a market-leading designer and manufacturer of innovative products and solutions that serve customers in the building products and consumer products end markets, today reported results for its fiscal 2025 second quarter ended November 30, 2024. Second Quarter Highlights (all comparisons to the second quarter of fiscal 2024): Net sales of $274.0 million, decreased 8% driven by the deconsolidation of the former Sustainable Energy Solutions segment (“SES”) Adjusted EPS of $0.60 from continuing operations (diluted), up 5% and adjusted EBITDA of $56.2 million, up 2%, despite lower net sales Repurchased 200,000 shares of common stock for $8.1 million leaving 5,715,000 shares remaining on the Company’s share repurchase authorization Declared a quarterly dividend of $0.17 per share payable on March 28, 2025, to shareholders of record at the close of business on March 14, 2025 Financial highlights, on a continuing operations basis, for the current year and prior year quarters are as follows: “We delivered solid financial results for the quarter despite mild but persistent macro headwinds, achieving year over year and sequential growth in adjusted EBITDA and adjusted EPS,” said Worthington Enterprises President and CEO Joe Hayek. “Consumer Products’ earnings growth was driven by increased volumes and improved gross margins. Building Products generated higher earnings driven by the inclusion of Ragasco and stronger contributions from WAVE." Consolidated Quarterly Results Net sales for the second quarter of fiscal 2025 were $274.0 million, a decrease of $24.2 million, or 8.1%, from the prior year quarter, primarily driven by the deconsolidation of SES during the fourth quarter of fiscal 2024. Net sales in the prior year quarter include $27.5 million related to SES, which is now operated as an unconsolidated joint venture and results are reported within equity income on the consolidated statement of earnings beginning June 1, 2024. Operating income of $3.5 million was favorable $17.9 million to the operating loss in the prior year quarter due to certain nonrecurring effects of the separation of the former Steel Processing business (“Separation”) in the prior year, including one-time Separation costs and stranded corporate costs eliminated post-Separation, partially offset by higher restructuring and other expense in the current quarter. Excluding these items, adjusted operating income was $6.1 million, an increase of $3.8 million over the prior year quarter, primarily driven by the inclusion of Ragasco, which was acquired on June 3, 2024, along with higher overall gross margin. Equity income decreased $4.1 million from the prior year quarter to $34.6 million, on lower contributions from ClarkDietrich in the current year quarter and the $2.8 million gain in the prior year quarter related to the divestiture of the Brazilian operations of the engineered cabs joint venture. These headwinds were partially offset by a $3.1 million increase in equity earnings from WAVE. ClarkDietrich contributed equity earnings of $9.7 million, down $4.0 million from the prior year quarter, but up $1.0 million sequentially from the first quarter of fiscal 2025. Income tax expense was $9.1 million in the second quarter of fiscal 2025 compared to $6.6 million in the prior year quarter. The increase was driven by higher pre-tax earnings from continuing operations, partially offset by a lower estimated annual effective tax rate of 24.1%, down from 25.7% in the prior year quarter. Balance Sheet and Cash Flow The Company ended the quarter with cash of $193.8 million, down $50.4 million from May 31, 2024, primarily driven by the acquisition of Ragasco. During the second quarter, the Company generated operating cash flow of $49.1 million, of which $15.2 million was invested in capital projects, including approximately $4.9 million related to previously announced facility modernization projects. Total debt at quarter end consisted entirely of long-term debt and was relatively unchanged from May 31, 2024, at $295.7 million. The Company had no borrowings under its revolving credit facility as of November 30, 2024, leaving $500.0 million available for future use. Quarterly Segment Results Consumer Products generated net sales of $116.7 million during the second quarter of fiscal 2025, down $2.6 million, or 2.2%, from the prior year quarter, primarily driven by a less favorable product mix that was partially offset by higher volumes. Adjusted EBITDA was $15.5 million, up $2.8 million over the prior year quarter, on the combined impact of higher volumes and gross margin improvement partially offset by higher SG&A expense. Building Products generated net sales of $157.3 million during the second quarter of fiscal 2025, an increase of $6.0 million, or 4.0%, over the prior year quarter on contributions from Ragasco, partially offset by lower overall volumes. Adjusted EBITDA of $47.2 million, was up $1.4 million over the prior year quarter, as contributions from Ragasco and higher equity income from WAVE were partially offset by the combined impact of lower volumes and lower contributions of equity income from ClarkDietrich. Outlook “Our team continues to navigate the current environment effectively, maintaining a strong focus on delivering value-added solutions and products for our customers,” Hayek said. “While we are pleased with our performance, we continue to set our sights higher. We have improved our value propositions in multiple product lines over the last year, and we are very well positioned as growth returns to our end markets. Led by our people-first, performance-based culture, leveraging a solid balance sheet and a commitment to transformation, innovation and M&A, we are confident in our ability to optimize our business, drive sustainable growth and deliver long-term value to our shareholders.” Conference Call The Company will review fiscal 2025 second quarter results during its quarterly conference call on December 18, 2024, at 8:30 a.m. Eastern Time. Details regarding the conference call can be found on the Company website at www.WorthingtonEnterprises.com. About Worthington Enterprises Worthington Enterprises (NYSE: WOR) is a designer and manufacturer of market-leading brands that help enable people to live safer, healthier and more expressive lives. The Company operates with two primary business segments: Building Products and Consumer Products. The Building Products segment includes cooking, heating, cooling and water solutions, architectural and acoustical grid ceilings and metal framing and accessories. The Consumer Products segment provides solutions for the tools, outdoor living and celebrations categories. Product brands within the Worthington Enterprises portfolio include Balloon Time®, Bernzomatic®, Coleman® (propane cylinders), CoMet®, Garden Weasel®, General®, HALOTM, HawkeyeTM, Level5 Tools®, Mag Torch®, NEXITM, Pactool International®, PowerCoreTM, Ragasco®, Well-X-Trol® and XLiteTM, among others. The Company also serves the growing global hydrogen ecosystem via a joint venture focused on on-board fueling systems and gas containment solutions. Headquartered in Columbus, Ohio, Worthington Enterprises and its joint ventures employ approximately 6,000 people throughout North America and Europe. Founded in 1955 as Worthington Industries, Worthington Enterprises follows a people-first Philosophy with earning money for its shareholders as its first corporate goal. Worthington Enterprises achieves this outcome by empowering its employees to innovate, thrive and grow with leading brands in attractive markets that improve everyday life. The Company engages deeply with local communities where it has operations through volunteer efforts and The Worthington Companies Foundation , participates actively in workforce development programs and reports annually on its corporate citizenship and sustainability efforts . For more information, visit worthingtonenterprises.com . Safe Harbor Statement Selected statements contained in this release constitute “forward-looking statements,” as that term is used in the Private Securities Litigation Reform Act of 1995 (the “Act”). The Company wishes to take advantage of the safe harbor provisions included in the Act. Forward-looking statements reflect the Company’s current expectations, estimates or projections concerning future results or events. These statements are often identified by the use of forward-looking words or phrases such as “believe,” “expect,” “anticipate,” “may,” “could,” “should,” “would,” “intend,” “plan,” “will,” “likely,” “estimate,” “project,” “position,” “strategy,” “target,” “aim,” “seek,” “foresee” and similar words or phrases. These forward-looking statements include, without limitation, statements relating to: future or expected cash positions, liquidity and ability to access financial markets and capital; outlook, strategy or business plans; the anticipated benefits of the separation of the Company’s Steel Processing business (the “Separation); the expected financial and operational performance of, and future opportunities for, the Company following the Separation; the Company’s performance on a pro forma basis to illustrate the estimated effects of the Separation on historical periods; the tax treatment of the Separation transaction; future or expected growth, growth potential, forward momentum, performance, competitive position, sales, volumes, cash flows, earnings, margins, balance sheet strengths, debt, financial condition or other financial measures; pricing trends for raw materials and finished goods and the impact of pricing changes; the ability to improve or maintain margins; expected demand or demand trends for the Company or its markets; additions to product lines and opportunities to participate in new markets; expected benefits from transformation and innovation efforts; the ability to improve performance and competitive position at the Company’s operations; anticipated working capital needs, capital expenditures and asset sales; anticipated improvements and efficiencies in costs, operations, sales, inventory management, sourcing and the supply chain and the results thereof; projected profitability potential; the ability to make acquisitions and the projected timing, results, benefits, costs, charges and expenditures related to acquisitions, joint ventures, headcount reductions and facility dispositions, shutdowns and consolidations; projected capacity and the alignment of operations with demand; the ability to operate profitably and generate cash in down markets; the ability to capture and maintain market share and to develop or take advantage of future opportunities, customer initiatives, new businesses, new products and new markets; expectations for Company and customer inventories, jobs and orders; expectations for the economy and markets or improvements therein; expectations for generating improving and sustainable earnings, earnings potential, margins or shareholder value; effects of judicial rulings; the ever-changing effects of the novel coronavirus (“COVID-19”) pandemic and the various responses of governmental and nongovernmental authorities thereto on economies and markets, and on our customers, counterparties, employees and third-party service providers; and other non-historical matters. Because they are based on beliefs, estimates and assumptions, forward-looking statements are inherently subject to risks and uncertainties that could cause actual results to differ materially from those projected. Any number of factors could affect actual results, including, without limitation, those that follow: the uncertainty of obtaining regulatory approvals in connection with the Separation, including rulings from the Internal Revenue Service; the Company’s ability to successfully realize the anticipated benefits of the Separation; the risks, uncertainties and impacts related to the COVID-19 pandemic – the duration, extent and severity of which are impossible to predict, including the possibility of future resurgence in the spread of COVID-19 or variants thereof – and the availability, effectiveness and acceptance of vaccines, and other actual or potential public health emergencies and actions taken by governmental authorities or others in connection therewith; the effect of national, regional and global economic conditions generally and within major product markets, including significant economic disruptions from COVID-19, the actions taken in connection therewith and the implementation of related fiscal stimulus packages; the effect of conditions in national and worldwide financial markets, including inflation, increases in interest rates and economic recession, and with respect to the ability of financial institutions to provide capital; the impact of tariffs, the adoption of trade restrictions affecting the Company’s products or suppliers, a United States withdrawal from or significant renegotiation of trade agreements, the occurrence of trade wars, the closing of border crossings, and other changes in trade regulations or relationships; changing oil prices and/or supply; product demand and pricing; changes in product mix, product substitution and market acceptance of the Company’s products; volatility or fluctuations in the pricing, quality or availability of raw materials (particularly steel), supplies, transportation, utilities, labor and other items required by operations (especially in light of the COVID-19 pandemic and Russia’s invasion of Ukraine); effects of sourcing and supply chain constraints; the outcome of adverse claims experience with respect to workers’ compensation, product recalls or product liability, casualty events or other matters; effects of facility closures and the consolidation of operations; the effect of financial difficulties, consolidation and other changes within the steel, automotive, construction and other industries in which the Company participates; failure to maintain appropriate levels of inventories; financial difficulties (including bankruptcy filings) of original equipment manufacturers, end-users and customers, suppliers, joint venture partners and others with whom the Company does business; the ability to realize targeted expense reductions from headcount reductions, facility closures and other cost reduction efforts; the ability to realize cost savings and operational, sales and sourcing improvements and efficiencies, and other expected benefits from transformation initiatives, on a timely basis; the overall success of, and the ability to integrate, newly-acquired businesses and joint ventures, maintain and develop their customers, and achieve synergies and other expected benefits and cost savings therefrom; capacity levels and efficiencies, within facilities, within major product markets and within the industries in which the Company participates as a whole; the effect of disruption in the business of suppliers, customers, facilities and shipping operations due to adverse weather, casualty events, equipment breakdowns, labor shortages, interruption in utility services, civil unrest, international conflicts (especially in light of Russia’s invasion of Ukraine), terrorist activities or other causes; changes in customer demand, inventories, spending patterns, product choices, and supplier choices; risks associated with doing business internationally, including economic, political and social instability (especially in light of Russia’s invasion of Ukraine), foreign currency exchange rate exposure and the acceptance of the Company’s products in global markets; the ability to improve and maintain processes and business practices to keep pace with the economic, competitive and technological environment; the effect of inflation, interest rate increases and economic recession, which may negatively impact the Company’s operations and financial results; deviation of actual results from estimates and/or assumptions used by the Company in the application of its significant accounting policies; the level of imports and import prices in the Company’s markets; the impact of environmental laws and regulations or the actions of the United States Environmental Protection Agency or similar regulators which increase costs or limit the Company’s ability to use or sell certain products; the impact of increasing environmental, greenhouse gas emission and sustainability regulations and considerations; the impact of judicial rulings and governmental regulations, both in the United States and abroad, including those adopted by the United States Securities and Exchange Commission and other governmental agencies as contemplated by the Coronavirus Aid, Relief and Economic Security (CARES) Act, the Consolidated Appropriations Act, 2021, the American Rescue Plan Act of 2021, and the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010; the effect of healthcare laws in the United States and potential changes for such laws, especially in light of the COVID-19 pandemic, which may increase the Company’s healthcare and other costs and negatively impact the Company’s operations and financial results; the effects of tax laws in the United States and potential changes for such laws, which may increase the Company’s costs and negatively impact the Company’s operations and financial results; cyber security risks; the effects of privacy and information security laws and standards; and other risks described from time to time in the Company’s filings with the United States Securities and Exchange Commission, including those described in “Part I – Item 1A. – Risk Factors” of the Company’s Annual Report on Form 10-K for the fiscal year ended May 31, 2024. Forward-looking statements should be construed in the light of such risks. The Company notes these factors for investors as contemplated by the Act. It is impossible to predict or identify all potential risk factors. Consequently, readers should not consider the foregoing list to be a complete set of all potential risks and uncertainties. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date made. The Company does not undertake, and hereby disclaims, any obligation to update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by applicable law. WORTHINGTON ENTERPRISES, INC. NON-GAAP FINANCIAL MEASURES (In thousands, except units and per share amounts The following provides a reconciliation of non-GAAP financial measures, including adjusted operating income, adjusted earnings before income taxes, adjusted income tax expense (benefit), adjusted net earnings from continuing operations attributable to controlling interest, and adjusted earnings per diluted share from continuing operations attributable to controlling interest, from their most comparable GAAP measure for the three and six months ended November 30, 2024 and 2023. Refer to the Use of Non-GAAP Financial Measures and Definitions section herein and non-GAAP footnotes below for further information on these measures. To further assist in the analysis of segment results for the three and six months ended November 30, 2024 and 2023 the following supplemental information has been provided. Reconciliations of adjusted EBITDA from continuing operations and adjusted EBITDA margin from continuing operations to the most comparable GAAP measures are provided below. A reconciliation from earnings before income taxes from continuing operations to the non-GAAP financial measure of adjusted EBITDA from continuing operations for the each of the periods presented is provided below. WORTHINGTON ENTERPRISES, INC. USE OF NON-GAAP FINANCIAL MEASURES AND DEFINITIONS NON-GAAP FINANCIAL MEASURES. These materials include certain financial measures that are not calculated and presented in accordance with accounting principles generally accepted in the United States (“GAAP”). The non-GAAP financial measures typically exclude items that management believes are not reflective of, and thus should not be included when evaluating the performance of the Company’s ongoing operations. Management uses the non-GAAP financial measures to evaluate the Company’s performance, engage in financial and operational planning, and determine incentive compensation. Management believes these non-GAAP financial measures provide useful supplemental information and additional perspective on the performance of the Company’s ongoing operations and should not be considered as an alternative to the comparable GAAP measure. Additionally, management believes these non-GAAP financial measures allow for meaningful comparisons and analysis of trends in the Company’s businesses and enable investors to evaluate operations and future prospects in the same manner as management. The following provides an explanation of each non-GAAP financial measure presented in these materials: Adjusted operating income (loss) is defined as operating income (loss) excluding the items listed below, to the extent naturally included in operating income (loss). Adjusted net earnings from continuing operations is defined as net earnings from continuing operations attributable to controlling interest (“net earnings from continuing operations”) excluding the after-tax effect of the excluded items outlined below. Adjusted earnings per diluted share from continuing operations (“Adjusted EPS from continuing operations”) is defined as adjusted net earnings from continuing operations divided by diluted weighted-average shares outstanding). Adjusted EBITDA is defined as adjusted earnings before interest, taxes, depreciation, and amortization. EBITDA is calculated by adding or subtracting, as appropriate, interest expense, net, income tax expense, depreciation, and amortization to/from net earnings from continuing operations attributable to controlling interest, which is further adjusted to exclude impairment and restructuring charges (gains) as well as other items that management believes are not reflective of, and thus should not be included when evaluating the performance of its ongoing operations, as outlined below. Adjusted EBITDA also excludes stock-based compensation due to its non-cash nature, which is consistent with how management assesses operating performance. At the segment level, adjusted EBITDA includes expense allocations for centralized corporate back-office functions that exist to support the day-to-day business operations. Public company and other governance costs are held at the corporate-level. Adjusted EBITDA margin is calculated by dividing adjusted EBITDA by net sales. Exclusions from Non-GAAP Financial Measures Management believes it is useful to exclude the following items from the non-GAAP financial measures presented in this report for its own and investors’ assessment of the business for the reasons identified below. Additionally, management may exclude other items from the Non-GAAP financial measures that do not occur in the ordinary course of our ongoing business operations and note them in the reconciliation from earnings before income taxes from continuing operations to the non-GAAP financial measure of adjusted EBITDA from continuing operations. Impairment charges are excluded because they do not occur in the ordinary course of our ongoing business operations, are inherently unpredictable in timing and amount, and are non-cash, which we believe facilitates the comparison of historical, current and forecasted financial results. Restructuring activities, which can result in both discrete gains and/or losses, consist of established programs that are not part of our ongoing operations, such as divestitures, closing or consolidating facilities, employee severance (including rationalizing headcount or other significant changes in personnel), and realignment of existing operations (including changes to management structure in response to underlying performance and/or changing market conditions). These items are excluded because they are not part of the ongoing operations of our underlying business. Separation costs, which consist of direct and incremental costs incurred in connection with the completed Separation are excluded as they are one-time in nature and are not expected to occur in period following the Separation. These costs include fees paid to third-party advisors, such as investment banking, audit and other advisory services as well as direct and incremental costs associated with the Separation of shared corporate functions. Results in the current fiscal year also include incremental compensation expense associated with the modification of unvested short and long-term incentive compensation awards, as required under the employee matters agreement executed in conjunction with the Separation. Loss on early extinguishment of debt is excluded because it does not occur in the normal course of business and may obscure analysis of trends and financial performance. Additionally, the amount and frequency of this type of charge is not consistent and is significantly impacted by the timing and size of debt extinguishment transactions. Corporate costs eliminated at Separation are those costs that were related to corporate resources that, post-Separation, no longer exist to support the Company’s continuing operations, but were not clearly identifiable to the former Steel Processing segment. Sonya L. Higginbotham Senior Vice President Chief of Corporate Affairs, Communications and Sustainability 614.438.7391 sonya.higginbotham@wthg.com Marcus A. Rogier Treasurer and Investor Relations Officer 614.840.4663 marcus.rogier@wthg.com 200 West Old Wilson Bridge Rd. Columbus, Ohio 43085 WorthingtonEnterprises.comTAIPEI , Dec. 30, 2024 /PRNewswire/ -- In the rapidly evolving tech landscape, smart wearable devices enriched with artificial intelligence (AI) and augmented reality (AR) are redefining the boundaries of innovation. Leading the charge, members of the AI on Chip Industrial Cooperation Strategic Alliance, including Jorjin, Singular Wings Medical, and SoundLand, are demonstrating formidable expertise by leveraging their distinctive technological capabilities. Jorjin has made significant strides by integrating AR glasses with AI to facilitate educational training and standard operating procedure (SOP) guidance, helping workers quickly master critical skills. Additionally, the company has launched the MetaSpace AR interaction platform, which enhances visitor engagement through personalized commentary and interactive experiences at immersive exhibitions and educational settings, bringing AR closer to daily life. Singular Wings Medical is revolutionizing blood sugar monitoring with its innovative use of wearable electrocardiograms (ECG) sensors. The company's technology analyzes blood sugar changes without the need for blood sampling or skin punctures, addressing key issues of invasiveness and data discontinuity. By employing AI algorithms and extensive clinical data, the company precisely monitors blood sugar levels, offering personalized health management solutions that boost medical efficiency and cut costs. SoundLand, a pioneer in sound processing, has unveiled its latest electronic and patch-type stethoscopes designed for remote transmission of cardiopulmonary sounds. These cutting-edge devices support telemedicine and educational training, facilitating ongoing monitoring of vital signs and enhancing the convenience of patient care. Together, Jorjin, Singular Wings Medical, and SoundLand are driving industrial innovation, highlighting the vast potential of Taiwanese firms in the global AI and smart wearables market. For more information on Taiwan's premier manufacturers, please contact service@ai-on-chip-b2bmatch.org.tw
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Letters for Dec. 6: Nominees should be loyal to the country, not an individualMINNEAPOLIS (AP) — Donte DiVincenzo scored 26 points as the Minnesota Timberwolves defeated the San Antonio Spurs 112-110 on Sunday night. Rudy Gobert had 17 points and 15 rebounds for the Timberwolves, won won their third straight. Julius Randle had 16 points, while Jaden McDaniels added 12 points and 10 boards for Minnesota. Anthony Edwards, who earlier in the day was fined $100,000 for continued use of profanity in postgame media comments, was held to 14 points, 11 below his season average. After DiVincenzo made one of two free throws with 12.1 seconds left, the Spurs had one more possession down 112-110. San Antonio found a wide-open Jeremy Sochan for 3, but he came up short. Wembanyama led San Antonio with 34 points and eight rebounds. Harrison Barnes had 24 points, Devin Vassell had 22 and Chris Paul dished out 14 assists. Takeaways Spurs: Trailing by 13 early in the third quarter, Wembanyama keyed a 16-4 run by showcasing his diverse offensive skills. He scored in the low post, hit a 3, made a pair of free throws and drained two midrange jumpers. Timberwolves: Minnesota survived a brutal shooting night from 3-point range, making just 11 of 44 attempts from beyond the arc. DiVincenzo was 5 for 10, but Edwards and Randle combined to go 1 for 16. Key moment With 4:44 to play and the game tied at 101, Randle made a driving layup against Wembanyama that was initially whistled for an offensive foul. Timberwolves coach Chris Finch challenged the call, and the basket was allowed to stand. Minnesota didn't trail the rest of the way. Key stat In the first quarter, the Timberwolves made just 1 of 11 3-point attempts but went 9 for 9 inside the arc. Up next The Spurs host the Clippers, and the Timberwolves visit Oklahoma City on Tuesday. ___ AP NBA: https://apnews.com/hub/nba Patrick Donnelly, The Associated Press
