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SOUTHFIELD, Mich. , Nov. 21, 2024 /PRNewswire/ -- Lear Corporation LEA , a global automotive technology leader in Seating and E-Systems, today announced that its Board of Directors has declared a quarterly cash dividend of $0.77 per share on the Company's common stock. The dividend is payable on December 30, 2024 , to shareholders of record at the close of business on December 11, 2024 . About Lear Corporation Lear, a global automotive technology leader in Seating and E-Systems, enables superior in-vehicle experiences for consumers around the world. Lear's diverse team of talented employees in 38 countries is driven by a commitment to innovation, operational excellence, and sustainability. Lear is Making every drive betterTM by providing the technology for safer, smarter, and more comfortable journeys. Lear, headquartered in Southfield, Michigan , serves every major automaker in the world and ranks 174 on the Fortune 500. Further information about Lear is available at lear.com. View original content to download multimedia: https://www.prnewswire.com/news-releases/lear-declares-quarterly-cash-dividend-302313449.html SOURCE Lear Corporation © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.19 best slip-on walking shoes for women, recommended by a podiatrist: New Balance, Nike, Under Armour & more
Short Interest in Atos SE (OTCMKTS:AEXAY) Grows By 1,066.7%Shocking News from Singapore! Discover the Surprising Shift in Investment Strategies.
NoneE-Learning Market Report 2024: Global Industry Trends, Market Challenges, Size Overview, Growth Strategies, and Opportunity Forecast to 2031 12-21-2024 12:31 PM CET | Business, Economy, Finances, Banking & Insurance Press release from: Coherent Market Insights Pvt Ltd E-Learning The latest report titled ""E-Learning Market: Trends, Share, Size, Growth, Opportunities, and Forecast 2024-2031"" by Coherent Market Insights delivers a thorough analysis of the industry, encompassing market insights. It also covers competitor and regional analysis, along with recent advancements in the market. The report includes a detailed table of contents, figures, tables, and charts, offering in-depth analysis. The E-Learning market has experienced substantial growth in recent years, driven by factors such as rising product demand, a growing customer base, and technological progress. This report provides an in-depth evaluation of the E-Learning market, focusing on market size, trends, drivers, challenges, competitive landscape, and future growth potential. The report highlights the competitive landscape, market segmentation, geographical expansion, and the growth in revenue, production, and consumption within the E-Learning market. It covers the market size, growth analysis, industry trends, and forecast, detailing the factors shaping the business outlook. Additionally, the report examines future products, joint ventures, marketing strategies, developments, mergers and acquisitions, as well as promotional activities. It also analyses revenue trends, import/export data, CAGR values, and provides an overview of the industry as a whole, along with the specific challenges posed by competitors. Buy Now to avail discount up to 45% @ https://www.coherentmarketinsights.com/promo/buynow/102470 Report Overview and Scope: This report focuses on the global E-Learning market, with particular emphasis on key regions such as North America, Europe, Asia-Pacific, South America, the Middle East, and Africa. It segments the market based on manufacturers, regions, types, and applications. The report provides a thorough overview of the current market landscape, including both historical and projected market size in terms of value and volume. Additionally, it examines technological advancements and considers macroeconomic and regulatory factors that impact the market. Regional Analysis: ◘ North America (U.S., Canada, and Mexico) ◘ Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe) ◘ Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific) ◘ South America (Mexico, Brazil, Argentina, Columbia, Rest of South America) ◘ Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa) Key Highlights of This Report: Comprehensive Market Analysis: An in-depth exploration of manufacturing capabilities, production volumes, and technological advancements in the E-Learning market. Corporate Overview: A thorough examination of company profiles, highlighting key players and their strategic moves in the competitive landscape. Consumption Insights: A detailed assessment of consumption trends, offering a look into current demand patterns and consumer preferences. Segmentation Overview: A complete breakdown of end-user segments, showcasing the market's distribution across different applications and industries. Pricing Analysis: An evaluation of pricing models and the factors influencing market pricing strategies. Future Projections: Predictive insights on market trends, growth opportunities, and potential challenges on the horizon. Reasons to Purchase this Report: Comprehensive competitive landscape, including market rankings of major players, recent product/service launches, partnerships, business expansions, and acquisitions over the past five years. In-depth qualitative and quantitative analysis of the market, covering both economic and non-economic factors. Detailed market value data for each segment and sub-segment. Identification of the region and segment expected to experience the fastest growth and lead the market. Geographic analysis, highlighting regional product/service consumption and the factors influencing market conditions in each area. Detailed company profiles, including overviews, insights, product comparisons, and SWOT analyses of key market players. Current and future market outlook, focusing on growth opportunities, key drivers, challenges, and constraints in both emerging and developed regions. Market dynamics and future growth opportunities in the coming years. Buy Now to avail discount up to 45% @ https://www.coherentmarketinsights.com/promo/buynow/102470 FAQ's: Which are the dominant players of the E-Learning Market? What will be the size of the E-Learning Market in the coming years? Which segment will lead the E-Learning Market? How will the market development trends change in the next five years? What is the nature of the competitive landscape of the E-Learning Market? What are the go-to strategies adopted in the E-Learning Market? About Authors : Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement. 533 Airport Boulevard, Suite 400, Burlingame, CA 94010, United States Phone: US +12524771362 / UK +442039578553 Email: sales@coherentmarketinsights.com About Coherent Market Insights Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients. This release was published on openPR.
The standard Lorem Ipsum passage, used since the 1500s "Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum." Section 1.10.32 of "de Finibus Bonorum et Malorum", written by Cicero in 45 BC "Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo. Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos qui ratione voluptatem sequi nesciunt. Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit, sed quia non numquam eius modi tempora incidunt ut labore et dolore magnam aliquam quaerat voluptatem. Ut enim ad minima veniam, quis nostrum exercitationem ullam corporis suscipit laboriosam, nisi ut aliquid ex ea commodi consequatur? Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem eum fugiat quo voluptas nulla pariatur?" To keep reading, please log in to your account, create a free account, or simply fill out the form below.
The AP Top 25 men’s college basketball poll is back every week throughout the season! Get the poll delivered straight to your inbox with AP Top 25 Poll Alerts. Sign up here . BOWLING GREEN, Ky. (AP) — Don McHenry scored 29 points as Western Kentucky beat Kentucky Wesleyan 91-71 on Saturday. McHenry also contributed four steals for the Hilltoppers (9-3). Braxton Bayless added 18 points while going 7 of 10 (3 for 3 from 3-point range) while they also had five rebounds. Julius Thedford went 6 of 13 from the field (3 for 7 from 3-point range) to finish with 17 points. It was the sixth straight win for the Hilltoppers. The Panthers were led in scoring by Quentin Toles, who finished with 15 points and six assists. Kentucky Wesleyan also got 14 points and six rebounds from Fatih Huyuk. Kennedy Miles also had 14 points and five assists. Western Kentucky took the lead with 5:32 remaining in the first half and did not relinquish it. The score was 46-41 at halftime, with Bayless racking up 13 points. Western Kentucky pulled away with an 8-0 run in the second half to extend a four-point lead to 12 points. They outscored Kentucky Wesleyan by 15 points in the final half, as McHenry led the way with a team-high 19 second-half points. ___ The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .RFID readers & encoders Market Report 2024: Comprehensive Guide to Global Market Trends, Industry Challenges, Growth Analysis, Market Share, Size Insights, and Forecast Till 2031 12-21-2024 12:27 PM CET | IT, New Media & Software Press release from: Coherent Market Insights Pvt Ltd RFID readers & encoders The latest report titled ""RFID readers & encoders Market: Trends, Share, Size, Growth, Opportunities, and Forecast 2024-2031"" by Coherent Market Insights delivers a thorough analysis of the industry, encompassing market insights. It also covers competitor and regional analysis, along with recent advancements in the market. The report includes a detailed table of contents, figures, tables, and charts, offering in-depth analysis. The RFID readers & encoders market has experienced substantial growth in recent years, driven by factors such as rising product demand, a growing customer base, and technological progress. This report provides an in-depth evaluation of the RFID readers & encoders market, focusing on market size, trends, drivers, challenges, competitive landscape, and future growth potential. The report highlights the competitive landscape, market segmentation, geographical expansion, and the growth in revenue, production, and consumption within the RFID readers & encoders market. It covers the market size, growth analysis, industry trends, and forecast, detailing the factors shaping the business outlook. Additionally, the report examines future products, joint ventures, marketing strategies, developments, mergers and acquisitions, as well as promotional activities. It also analyses revenue trends, import/export data, CAGR values, and provides an overview of the industry as a whole, along with the specific challenges posed by competitors. Buy Now to avail discount up to 45% @ https://www.coherentmarketinsights.com/promo/buynow/102474 Report Overview and Scope: This report focuses on the global RFID readers & encoders market, with particular emphasis on key regions such as North America, Europe, Asia-Pacific, South America, the Middle East, and Africa. It segments the market based on manufacturers, regions, types, and applications. The report provides a thorough overview of the current market landscape, including both historical and projected market size in terms of value and volume. Additionally, it examines technological advancements and considers macroeconomic and regulatory factors that impact the market. Regional Analysis: ◘ North America (U.S., Canada, and Mexico) ◘ Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe) ◘ Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific) ◘ South America (Mexico, Brazil, Argentina, Columbia, Rest of South America) ◘ Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa) Key Highlights of This Report: Comprehensive Market Analysis: An in-depth exploration of manufacturing capabilities, production volumes, and technological advancements in the RFID readers & encoders market. Corporate Overview: A thorough examination of company profiles, highlighting key players and their strategic moves in the competitive landscape. Consumption Insights: A detailed assessment of consumption trends, offering a look into current demand patterns and consumer preferences. Segmentation Overview: A complete breakdown of end-user segments, showcasing the market's distribution across different applications and industries. Pricing Analysis: An evaluation of pricing models and the factors influencing market pricing strategies. Future Projections: Predictive insights on market trends, growth opportunities, and potential challenges on the horizon. Reasons to Purchase this Report: Comprehensive competitive landscape, including market rankings of major players, recent product/service launches, partnerships, business expansions, and acquisitions over the past five years. In-depth qualitative and quantitative analysis of the market, covering both economic and non-economic factors. Detailed market value data for each segment and sub-segment. Identification of the region and segment expected to experience the fastest growth and lead the market. Geographic analysis, highlighting regional product/service consumption and the factors influencing market conditions in each area. Detailed company profiles, including overviews, insights, product comparisons, and SWOT analyses of key market players. Current and future market outlook, focusing on growth opportunities, key drivers, challenges, and constraints in both emerging and developed regions. Market dynamics and future growth opportunities in the coming years. Buy Now to avail discount up to 45% @ https://www.coherentmarketinsights.com/promo/buynow/102474 FAQ's: Which are the dominant players of the RFID readers & encoders Market? What will be the size of the RFID readers & encoders Market in the coming years? Which segment will lead the RFID readers & encoders Market? How will the market development trends change in the next five years? What is the nature of the competitive landscape of the RFID readers & encoders Market? What are the go-to strategies adopted in the RFID readers & encoders Market? About Authors : Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement. 533 Airport Boulevard, Suite 400, Burlingame, CA 94010, United States Phone: US +12524771362 / UK +442039578553 Email: sales@coherentmarketinsights.com About Coherent Market Insights Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients. This release was published on openPR.
The tech giant Nvidia has been at the forefront of the AI revolution throughout 2023, with its stock skyrocketing in value following its incredible technological advances and partnerships. The company reached a monumental status earlier in the year, even surpassing Apple at one point, though it had to retreat to second place later. Nvidia’s recent earnings report reflected its significant strides, with revenue surging by 94% to $35.1 billion and profits hitting new highs. Despite this success, Nvidia shares experienced a surprising dip after reaching a peak of $152.89 in late November. The stock has declined 15% as of mid-December, puzzling investors amid a generally rising market. The underlying cause of this pullback isn’t entirely clear, as there hasn’t been any singular event to trigger such a decline. There are, however, various contributing factors, including China’s probe into Nvidia’s 2019 acquisition of networking product company Mellanox, a move seen as anti-competitive by some. Moreover, there is increasing concern over growing competition in AI, as other companies reveal their gains in the sector. Broadcom’s recent strong AI growth forecasts highlight this trend, suggesting the AI pie is being split more widely. Despite these headwinds, Nvidia’s future prospects remain promising, bolstered by robust demand for its products, particularly the new Blackwell platform. The company anticipates continued revenue growth in the forthcoming quarters, positioning itself as a leader in innovative AI solutions. Investors are considering whether Nvidia’s current dip offers a strategic buying opportunity, given its sustained growth and competitive edge amidst a shifting tech landscape. Why Nvidia’s Stock Dip Could Be a Strategic Buying Opportunity In 2023, Nvidia has solidified its position as a leader in the AI industry, with impressive growth and innovation, although its recent stock performance has puzzled investors. Despite reaching peak heights earlier in the year, Nvidia experienced a surprising 15% decline in stock value by mid-December. Understanding this fluctuation requires a closer look at several new aspects that have emerged in the tech landscape. Trends in AI Competition Nvidia’s dominance in AI is being challenged as more companies push forward with innovative solutions. A notable player, Broadcom, has forecasted significant growth in AI, signaling that market competition is intensifying. As more corporations engage in AI development, the distribution of market share — or the “AI pie” — becomes more complex. This competition could pressure Nvidia to continue innovating and expanding its offerings to maintain its edge. The Mellanox Acquisition Concerns One factor contributing to Nvidia’s current stock volatility is the scrutiny surrounding its 2019 acquisition of Mellanox, a company specializing in networking products. China’s investigation into this acquisition raises concerns about potential anti-competitive behaviors, which may impact investor confidence. Maintaining transparency and compliance with international trade regulations will be crucial for Nvidia to navigate this situation successfully. Key Product Developments: The Blackwell Platform Nvidia’s future growth is significantly linked to its groundbreaking Blackwell platform, which is poised to meet the increasing demand for sophisticated AI solutions. This platform symbolizes Nvidia’s commitment to remaining at the forefront of technological advancements, promising new features that could redefine AI processing capabilities. Analyzing the Stock Dip The recent dip in Nvidia’s stock has left investors wondering if it’s an opportune moment to invest. Analysts highlight that despite temporary setbacks, Nvidia’s long-term trajectory remains optimistic. This decline may represent a strategic buying opportunity for investors who believe in the company’s sustained innovation and market leadership. Predictions and Future Prospects Nvidia’s outlook suggests continued revenue growth, driven by the expanding AI sector and the consistent demand for its cutting-edge products. The company’s adaptability in a competitive market will be crucial for maintaining its leadership position. Investors are advised to watch Nvidia’s moves in handling competition and regulatory challenges. In summary, while Nvidia faces momentary challenges in the stock market and competition, it remains a formidable force in the AI domain. The current dip might be seen as a temporary setback or a strategic entry point for new investors, who could benefit from Nvidia’s ongoing innovation and market dominance. For more information and updates, visit the official Nvidia website at Nvidia .
LOS ANGELES –– The Kings defeated one of the NHL’s hottest teams and turned in a perfect afternoon on special teams as they beat the Seattle Kraken 2-1 on Saturday at Crypto.com Arena. The Kings scored the game’s only power-play goal, reversing a troubling recent trend in the process, and were 3 for 3 on the penalty kill. They entered the match as losers of three of their last four games while Seattle had prevailed in five of its past six clashes. Adrian Kempe and Quinton Byfield, who was playing in his 200th career game, each found the net for the Kings. Anže Kopitar assisted on both goals. David Rittich stopped all 19 shots. Brandon Montour scored late for Seattle on an active night for the former Ducks defenseman. Joey Daccord made 19 saves. Two of the NHL’s 10 best teams defensively produced a predictably low-event first period – while the Kraken and Kings once combined for 17 goals in a game, they had only nine combined shots in the opening 20 minutes – but the Kings flipped the script with goals at the 4:19 and 6:03 marks of the middle frame. First, it was the vision of Alex Turcotte synergizing the finishing ability of Kempe, who scored his 10th goal of the season and his 11th point in his past 11 games. Turcotte received the puck behind the net, curled toward the right-wing boards and sold a play along the wall as he sucked in four Kraken defenders. His no-look pass hit Kempe in the slot, with Adam Larsson unable to close his gap and Daccord having little chance at Kempe’s searing short-side wrister. Then, two weights were lifted at once when the power play scored its first goal since Brandt Clarke’s Nov. 9 empty-netter and Byfield tallied for the first time since he scored in consecutive games Nov. 5 and Nov. 7. He scored his third goal of the year and the first for the newly configured top power-play unit with a kneeling one-timer from the right faceoff circle. The primary assist was Kevin Fiala’s first point in seven games and the secondary one, as it did on Kempe’s goal, went to Kopitar. The captain’s pair of helpers brought him to 14 points in his past 11 games, remaining a beacon of consistency even in lean offensive stretches for the team. The Kings had the opportunity to slam the door at the end of the period when a bizarre sequence during a Seattle power play left Byfield and Warren Foegele with a two-on-none shorthanded rush. After four passes across Daccord’s crease, Foegele’s eventual shot was negated by the handle of Daccord’s stick. Foegele would have another brush with glory in the third period, right after Montour had two of his own. His slap shot was saved by Rittich but his follow-up bid beat the big Czech, only to dent the right post just below the crossbar. Montour broke through 23 seconds after the Kings survived a six-on-four sequence, when his slap shot roared past Rittich with 1:34 to play, but Seattle drew no nearer.
By A Staff Reporter,Kathmandu, Dec. 11: Kathmandu Metropolitan City in coordination with the Partnership for Healthy Cities Initiative has started the installation of air quality monitoring devices in 18 locations of the Kathmandu Metropolitan City. At a programme organised at the KMC main office building, the first air quality monitoring site was inaugurated by Deputy Mayor Sunita Dangol on Monday. The Partnership for Healthy Cities Initiative is supported by Bloomberg Philanthropies, in partnership with the World Health Organisation (WHO) and the global health organisation ‘Vital Strategies’. The Partnership for Healthy Cities Initiatives (PHCI) is implemented by the National Federation of Youth NGO Nepal (NFYN) in close coordination with the KMC office. Speaking at the programme, Deputy Mayor Dangol said, “This is an important initiative launched by KMC to control pollution and demonstrate the KMC's commitment to tackling air pollution. We have a responsibility to provide clean and fresh air to every citizen, and this is the first important step by the KMC, which can provide valuable insights for policy-making level for controlling air pollution.” She said, “We have also taken initiatives to clean the city by discouraging open burning and raising awareness about its harmful effects. Similarly, we have started a vehicle-free Handigaun on Saturdays, which is part of our effort to reduce carbon emissions while offering social and cultural benefits to the local community.” Dangol shared the strong commitment of KMC to utilising data from these devices in well-informed policies and ensuring that every city resident's right to live in a healthy city is ensured. She also assured that the device would not remain only as a showcase event but also the beginning of something substantial in reducing air pollution in the city. KMC is the first local government entity to initiate air quality monitoring on its own. Through this initiative, KMC is installing 18 sensors to monitor PM 2.5 concentration on their own to support the city office in developing data-based policies and interventions at the localised level. Clarity Node-S is the device procured under the initiative which is trusted by more than 70 governments from London to Bogota to Jakarta. According to Sanjeeb Pandey, Project Lead, PHCI Project for Kathmandu, the device comes with a solar-powered system and does not require any power supply. In addition, the device has data connectivity built up in the device that can relay real-time data in the dashboard. All the devices being installed by KMC have undergone the process of custom colocation and calibration with ground stations in support of the Department of Environment. The process of calibration further ensures the data reliability and accuracy as prescribed by USEPA, he said. He also briefed the technical details of the device and also shared about making the data public through the web portal and app of KMC. He also urged all private and public entities to be a part of the 'Air Pollution Awareness Month Campaign.' Sarita Rai, Head of the Environment Management Department of KMC, said, “KMC is committed to improving the air quality in the city and is launching several programmes such as vehicle testing and severity on open waste burning.” She also announced the month of Poush (December/January) as “Air Pollution Awareness Month” in coordination with the Partnership for Healthy Cities Project. Rajaram Shrestha, National Programme Officer of the WHO Nepal office, highlighted the significance of mitigating health risks as he emphasised air pollution risk as a 'Silent Killer.' The PHCI is a prestigious global network of 74 cities committed to saving lives by preventing non-communicable diseases (NCDs) and injuries.Flying Horse: Christmas/my favorite holidayCopart, Inc. CPRT today reported financial results for the quarter ended October 31, 2024. For the three months ended October 31, 2024, revenue, gross profit, and net income attributable to Copart, Inc. were $1.15 billion, $512.1 million, and $362.1 million, respectively. These represent an increase in revenue of $126.4 million, or 12.4%; an increase in gross profit of $48.1 million, or 10.4%; and an increase in net income attributable to Copart, Inc. of $29.6 million, or 8.9%, respectively, from the same period last year. Fully diluted earnings per share for three months ended October 31, 2024 was $0.37 compared to $0.34 last year, an increase of 8.8%. On Thursday, November 21, 2024, at 5:30 p.m. Eastern Time (4:30 p.m. Central Time), Copart will conduct a conference call to discuss the results for the quarter. The call will be webcast live and can be accessed via hyperlink at www.copart.com/investorrelations . A replay of the call will be available through February 2025 by visiting www.copart.com/investorrelations . About Copart Copart, Inc., founded in 1982, is a global leader in online vehicle auctions. Copart's innovative technology and online auction platform connect vehicle consignors to approximately 1 million members in over 185 countries. Copart offers remarketing services to process and sell vehicles to insurance companies, financial institutions, dealers, rental car companies, charities, fleet operators, and individuals, and offers vehicles via auction to dealers, dismantlers, rebuilders, exporters, and the general public. With operations at over 250 locations in 11 countries, Copart sold more than 4 million units in the last year. Copart currently operates in the United States (Copart.com), Canada (Copart.ca), the United Kingdom (Copart.co.uk), Brazil (Copart.com.br), the Republic of Ireland (Copart.ie), Germany (Copart.de), Finland (Copart.fi), the United Arab Emirates, Oman and Bahrain (Copartmea.com), and Spain (Copart.es). For more information, or to become a Member, visit Copart.com/register. Cautionary Note About Forward-Looking Statements This press release contains forward-looking statements within the meaning of federal securities laws. These forward-looking statements are subject to substantial risks and uncertainties. These forward-looking statements are subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected or implied by our statements and comments. For a more complete discussion of the risks that could affect our business, please review the "Management's Discussion and Analysis" and the other risks identified in Copart's latest Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K, as filed with the Securities and Exchange Commission. We encourage investors to review these disclosures carefully. We do not undertake to update any forward-looking statement that may be made from time to time on our behalf. Copart, Inc. Consolidated Statements of Income (In thousands, except per share amounts) (Unaudited) Three Months Ended October 31, 2024 2023 % Change Service revenues and vehicle sales: Service revenues $ 986,336 $ 859,536 14.8 % Vehicle sales 160,493 160,880 (0.2 )% Total service revenues and vehicle sales 1,146,829 1,020,416 12.4 % Operating expenses: Facility operations 447,245 367,842 21.6 % Cost of vehicle sales 138,178 147,896 (6.6 )% Facility depreciation and amortization 47,477 39,103 21.4 % Facility stock-based compensation 1,824 1,556 17.2 % Gross profit 512,105 464,019 10.4 % General and administrative 90,997 57,631 57.9 % General and administrative depreciation and amortization 6,150 4,061 51.4 % General and administrative stock-based compensation 8,591 6,951 23.6 % Total operating expenses 740,462 625,040 18.5 % Operating income 406,367 395,376 2.8 % Other income (expense): Interest income, net 45,547 32,005 42.3 % Other (expense), net (596 ) (4,072 ) (85.4 )% Total other income 44,951 27,933 60.9 % Income before income taxes 451,318 423,309 6.6 % Income tax expense 90,142 90,777 (0.7 )% Net income 361,176 332,532 8.6 % Less: Net (loss) income attributable to noncontrolling interest (910 ) 5 (18,300.0 )% Net income attributable to Copart, Inc. $ 362,086 $ 332,527 8.9 % Basic net income per common share $ 0.38 $ 0.35 8.6 % Weighted average common shares outstanding 963,176 958,127 0.5 % Diluted net income per common share $ 0.37 $ 0.34 8.8 % Diluted weighted average common shares outstanding 976,506 971,682 0.5 % Copart, Inc. Consolidated Balance Sheets (In thousands) (Unaudited) October 31, 2024 July 31, 2024 ASSETS Current assets: Cash, cash equivalents, and restricted cash $ 3,698,118 $ 1,514,111 Investment in held to maturity securities — 1,908,047 Accounts receivable, net 801,840 785,877 Vehicle pooling costs 147,792 132,638 Inventories 52,401 43,639 Prepaid expenses and other assets 32,966 33,872 Total current assets 4,733,117 4,418,184 Property and equipment, net 3,363,155 3,175,838 Operating lease right-of-use assets 113,557 116,301 Intangibles, net 72,512 74,088 Goodwill 514,483 513,909 Other assets 72,663 129,444 Total assets $ 8,869,487 $ 8,427,764 LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable and accrued liabilities $ 582,215 $ 518,148 Deferred revenue 25,576 28,121 Income taxes payable 85,628 60,994 Current portion of operating and finance lease liabilities 21,436 21,304 Total current liabilities 714,855 628,567 Deferred income taxes 95,465 93,653 Income taxes payable 43,786 59,560 Operating and finance lease liabilities, net of current portion 95,435 97,429 Total liabilities 949,541 879,209 Commitments and contingencies Redeemable non-controlling interest 23,634 24,544 Stockholders' equity: Preferred stock — — Common stock 96 96 Additional paid-in capital 1,133,687 1,120,985 Accumulated other comprehensive loss (144,739 ) (142,972 ) Retained earnings 6,907,268 6,545,902 Total stockholders' equity 7,896,312 7,524,011 Total liabilities, redeemable noncontrolling interests and stockholders' equity $ 8,869,487 $ 8,427,764 Copart, Inc. Consolidated Statements of Cash Flows (In thousands) (Unaudited) Three Months Ended October 31, 2024 2023 Cash flows from operating activities: Net income $ 361,176 $ 332,532 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization, including debt cost 54,862 43,350 Allowance for credit loss 1,094 1,049 Equity in losses of unconsolidated affiliates (20 ) (4,764 ) Stock-based compensation 10,415 8,317 Gain on sale of property and equipment (133 ) (1,050 ) Deferred income taxes 1,740 (988 ) Changes in operating assets and liabilities: Accounts receivable (49,093 ) (77,086 ) Vehicle pooling costs (15,218 ) (4,377 ) Inventories (8,652 ) (3,669 ) Prepaid expenses, other current and non-current assets 59,026 (40,543 ) Operating lease right-of-use assets and lease liabilities 883 366 Accounts payable, accrued liabilities and other liabilities 59,826 38,153 Deferred revenue (2,564 ) 1,101 Income taxes receivable 1 6,135 Income taxes payable 8,931 76,720 Net cash provided by operating activities 482,274 375,246 Cash flows from investing activities: Purchases of property and equipment (236,758 ) (162,260 ) Purchase of assets and liabilities in connection with acquisitions (1,257 ) 17,662 Proceeds from sale of property and equipment 243 924 Proceeds from the sale of held to maturity securities 1,940,000 1,380,000 Investment in unconsolidated affiliate — (1,001 ) Net cash provided by investing activities 1,702,228 1,235,325 Cash flows from financing activities: Proceeds from the exercise of stock options 2,857 8,123 Payments for employee stock-based tax withholdings (720 ) (711 ) Payments of finance lease obligations — (5 ) Net cash provided by financing activities 2,137 7,407 Effect of foreign currency translation (2,632 ) 6,194 Net increase in cash, cash equivalents, and restricted cash 2,184,007 1,624,172 Cash, cash equivalents, and restricted cash at beginning of period 1,514,111 957,395 Cash, cash equivalents, and restricted cash at end of period $ 3,698,118 $ 2,581,567 Supplemental disclosure of cash flow information: Interest paid $ 10 $ 96 Income taxes paid, net of refunds $ 80,826 $ 9,066 View source version on businesswire.com: https://www.businesswire.com/news/home/20241121586079/en/ © 2024 Benzinga.com. 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