Jimmy Carter, the 39th US president, has died at 100Facebook Twitter WhatsApp SMS Email Print Copy article link Save U.S. Rep. Jeff Van Drew has backed away from claims that the drones that have been spotted in New Jersey over the past month are coming from an Iranian “mothership” off the coast. Van Drew, R-2nd, said in a statement Friday that Iran has three drone ships and that new satellite images show they are stationed off the southern coast of Iran. On Thursday, Van Drew appeared on Fox News to push back against the Pentagon denying Iran’s alleged involvement. “This new information only brings us closer to figuring out what is really going on,” Van Drew said Friday. “It is unacceptable to hear the government contradict itself by saying they do not know who is operating these drones, while at the same time telling us there is no reason to be concerned.” Later Friday, Van Drew said two drones the size of small sport utility vehicles were seen flying near the Salem County nuclear plants. In response, PSEG has requested airspace restrictions. Body matching description of missing 84-year-old found in Galloway Township 1 injured in Egg Harbor Township crash Absecon police detain suspect in dollar store robbery Pentagon refutes Van Drew Iran claims as New Jersey officials meet to discuss mystery drones Work on Mike Trout's Vineland golf course completed, but play still more than a year away Could American Airlines bus program lead to more flights at Atlantic City airport? Atlantic City now has more weed shops than casinos with dozens more on the way These South Jersey bars and restaurants have transformed into holiday wonderlands Latest on New Jersey mystery drones: White House officials say there is no threat LGBTQ+ restaurant the ByrdCage to open in Atlantic City in January Questions about Gillian’s Wonderland finances draw angry response from Mita Egg Harbor Township installing 4-way stop signs at troubled intersections Large drones spotted in Philadelphia area as FBI investigates mysterious drone sightings in NJ Egg Harbor City church celebrates its inspiration with 1,700-year-old artifact Bridgeton nursing home barred from Medicaid after NJ comptroller finds fraud and abuse "We are not stopping until we get to the bottom of this," said Van Drew. "We are currently working with the FBI to gather more information, and we have requested a classified briefing to ensure that we get the answers the people deserve." There is no national security or public safety threat from the drones that have been spotted over the past month in New Jersey, national security spokesperson John Kirby said Thursday during a White House press briefing. In Cape May County, officials met Friday with local law enforcement and drone experts to discuss reported drone sightings there. “We are frustrated by the lack of information and support from higher levels of government," Commissioner Director Leonard Desiderio said in a statement. "However, we are doing everything possible at the county and local level to address this situation. We are calling for more support from state and federal authorities to help us understand and manage these unexplained drone activities.” County officials said the public should report suspicious activity to local law enforcement or the FBI. Across the state, the sightings have occurred every night since about Nov. 18. Reports range from four to 180 sightings per night, though officials have said some of those could be multiple people seeing the same objects. Thursday night saw a record number of sightings reported across the state from local officials, Van Drew said. Also on Friday, Gov. Phil Murphy said he has sent a letter to President Joe Biden asking for more federal resources to combat the drones. “Since existing laws limit the ability of state and local law enforcement to counter UAS (unmanned aircraft systems), more federal resources are needed to understand what is behind this activity,” Murphy wrote Friday on X. I wrote to @POTUS to express my concerns about reports of unmanned aircraft systems in and around NJ airspace. Since existing laws limit the ability of state and local law enforcement to counter UAS, more federal resources are needed to understand what is behind this activity. pic.twitter.com/mkeUeW7ury On Thursday, national security spokesperson John Kirby said the drones posed no national security or public safety threat. Kirby also said there were no signs of foreign involvement. State and federal officials have been unable to corroborate any of the sightings that have been reported, Kirby said. “Many of the reported sightings are actually manned aircraft that are being operated lawfully,” he said. The flying objects have been spotted near the Picatinny Arsenal, a U.S. military research and manufacturing facility, and over President-elect Donald Trump’s golf course in Bedminster, but the number of reported sightings has grown greatly since then. Drones were also spotted in Pennsylvania, New York, Connecticut and other parts of the Mid-Atlantic region. In one case, a medevac helicopter was unable to pick up a seriously injured car accident victim in Branchburg Township in Somerset County late last month due to drones hovering near the planned landing zone, according to NJ.com . The Federal Aviation Administration said Thursday it does not have a report on this incident. The Associated Press contributed to this report. Contact Nicholas Huba: 609-272-7046 nhuba@pressofac.com Twitter @acpresshuba Get Government & Politics updates in your inbox! Stay up-to-date on the latest in local and national government and political topics with our newsletter. Digital Editor Author facebook Author twitter Author email {{description}} Email notifications are only sent once a day, and only if there are new matching items.
Drexel secures 83-71 win over Chicago StateCHICAGO, Dec. 09, 2024 (GLOBE NEWSWIRE) -- Oil-Dri Corporation of America (NYSE: ODC), producer and marketer of sorbent mineral products, today announced results for its first quarter of fiscal year 2025. Daniel S. Jaffee, President and Chief Executive Officer, stated, “I am happy to report that our fiscal year 2025 is off to a very positive start as we have once again achieved record results for consolidated net sales, gross profit, and net income in the first quarter. We also delivered a 400-basis point year-over-year expansion in our gross margins, propelling our margins to 32%. Our strong performance was driven by increased volumes, a favorable product mix, and improved operational efficiencies. Solid execution of our growth strategies to establish a foothold in the growing renewable diesel and crystal cat litter markets helped us achieve this success. Looking ahead, we believe we are well positioned to continue this upward trajectory.” Consolidated Results Consolidated net sales for the first quarter of fiscal 2025 reached a historic high of $127.9 million, or a 15% increase over the same period in the prior year. This marks the 14 th consecutive quarter of year-over-year sales growth. Revenue increases were primarily driven by higher volumes across both operating segments, with significant sales gains generated from fluids purification, crystal cat litter, and co-packaged coarse litter products. Our recently acquired subsidiary, Ultra Pet Company, Inc. (“Ultra Pet”), delivered net sales of $6.0 million, or 5% of the total consolidated net sales increase over the prior year. Organic growth from Oil-Dri’s other products drove the remaining increase in the Company’s topline. Consolidated gross profit of $40.8 million, a record quarterly high, was achieved during the first three months of fiscal year 2025, representing a 32% gain over the prior year. Gross margins expanded to 32% in the current year from 28% in the first quarter of fiscal year 2024. Oil-Dri's efforts to grow volume, improve product mix, and enhance operating efficiencies proved successful during the quarter. This marks the ninth consecutive quarter of year-over-year gross margin expansion. During the three months ended October 31, 2024, domestic cost of goods per ton remained flat compared to the prior year. Selling, general and administrative expenses (“SG&A”) were $19.6 million during the first quarter of fiscal 2025 compared to $17.8 million for the same period last year. This $1.8 million, or 10%, increase reflects higher compensation costs and a preliminary foreign value-added tax assessment, in addition to other operating segment costs. In the first quarter of fiscal year 2025, consolidated operating income increased to $21.2 million, or by 61%, compared to the first quarter of fiscal year 2024. Higher sales volumes combined with improved product mix offset elevated SG&A costs. Total other expense, net was $1.0 million for the three months ended October 31, 2024, compared to $300,000 in the same period last year. This increase was mainly due to interest expense on the debt assumed for the Ultra Pet acquisition, along with an additional reserve for the capacity modification project at the Company’s sole landfill located in Georgia. The modification work is expected to be completed during fiscal year 2025. Consolidated net income reached a record $16.4 million in the first quarter of fiscal 2025 from $10.7 million in the same period in fiscal 2024, reflecting a 52% improvement over the prior year. Cash and cash equivalents for the three month period ending October 31, 2024, totaled $12.5 million compared to $23.5 million at the end of fiscal year 2024. During the first quarter of fiscal 2025, Oil-Dri continued its significant investment in manufacturing infrastructure improvements. In addition, the Company paid down $5.0 million of the $10.0 million revolving credit facility that was used to partially fund the acquisition of Ultra Pet. Other significant uses of cash include the payment of dividends and the purchase of treasury shares that were surrendered by teammates to pay taxes related to the vesting of restricted stock awards. Product Group Review The Business to Business Products (“B2B”) Group’s first quarter of fiscal year 2025 revenues were a record $48.4 million, or 24% greater than the prior year, primarily driven by an increase in volume and, to a lesser extent, by higher prices. Elevated sales from fluids purification and agricultural products offset slight sales declines in the animal health business. During the first quarter of fiscal 2025, revenues from fluids purification products reached an all-time high of $30.1 million, or an 37% increase over the prior year. The Company experienced increased demand of its Metal X and Metal Z products as a result of recently established renewable diesel plants within North America. Sales of fluids purification products in EMEA 1 , Latin America, and Asia also increased during the three month period ended October 31, 2024, compared to the same period last year. The agricultural products business achieved record quarterly net sales of $11.6 million, or a 12% increase over the prior year. This growth was mainly fueled by higher demand from key customers who resumed typical purchasing patterns after working through inventory surpluses, as well as by elevated prices. Amlan, the Company’s animal health business, generated $6.2 million in sales, or a 3% decline from the prior year. The decrease was primarily concentrated in Asia due to the sell-off of existing inventory in China that occurred in the first quarter of fiscal year 2024 as part of the transition to a master distributor. However, double-digit topline growth was achieved within Latin America and North America where increased demand, in conjunction with elevated prices, helped drive sales improvement. During the first quarter of fiscal year 2025, SG&A costs within the B2B Products Group increased by $700,000 or 20%, compared to the same period last year. This was mainly driven by a preliminary foreign value-added tax assessment and higher research and development costs. Operating income for the B2B Products Group was $17.1 million in the first quarter of fiscal year 2025 compared to $11.1 million in the same period of fiscal year 2024, reflecting a 54% increase. This growth can be attributed to higher sales and a favorable product mix, partially offset by increased SG&A expenses. The Retail and Wholesale (“R&W”) Products Group’s first quarter revenues reached an all-time high of $79.5 million, a 10% increase over the prior year. The acquisition of Ultra Pet contributed 8% of the total R&W sales growth, and the remaining 2% can be attributed to organic topline growth from increased demand for other products within the operating segment. During the first quarter of fiscal 2025, the Company increased distribution of its Cat’s Pride and Ultra crystal litter products and is beginning to realize synergies related to the acquisition. Total domestic clay-based cat litter sales, excluding the Company’s co-packaged coarse cat litter business, were $53.8 million, or 2% lower than the prior year. Conversely, revenues of co-packaged coarse cat litter increased by $2.1 million, or 78%, compared to last year due to higher demand. In the first quarter of fiscal year 2024, a cyberattack disrupted a key customer’s ability to place and receive orders, which negatively impacted sales of Oil-Dri’s co-packaged coarse litter. However, the cyber event boosted sales of the Company’s branded and private label coarse items and is currently influencing year-over-year comparisons for both domestic clay and co-packaged litter products. Although total domestic clay litter revenues declined, Oil-Dri continued to experience topline growth of its EPA-approved Cat’s Pride Antibacterial Clumping Litter, which is currently sold at large brick and mortar and e-commerce retailers. In addition, new distribution of other clay litter products and accessories was achieved at both new and existing customers. Domestic industrial and sports product revenues were $11.0 million in the first quarter of fiscal 2025, or 4% higher than the same period in the prior year, driven by increased demand. The Company’s Canadian subsidiary experienced sales declines as a result of softer revenues from cat litter, partially offset by sales growth from industrial floor absorbent products. During the first quarter of fiscal 2025, SG&A expenses within the R&W Products Group increased by $1.0 million, or 21% over the prior year. This increase was primarily driven by higher compensation costs, a significant credit reserve for several customer bankruptcies, acquisition-related amortization of intangible assets, and increased research and development costs. These higher expenses were partially offset by lower advertising costs. Oil-Dri expects advertising expenditures for the full fiscal year 2025 to be lower than fiscal year 2024. Operating income for the R&W Products Group reached $13.4 million in the first quarter of fiscal year 2025 compared to $11.3 million in the prior year, reflecting an 18% increase. This growth can be attributed to higher sales volumes, including the incremental business from the Ultra Pet acquisition, partially offset by elevated SG&A expenses. The Company will host its first quarter of fiscal year 2025 earnings discussion and its 2024 Annual Meeting of Stockholders virtually via a live webcast on Wednesday, December 11, 2024 at 9:30 a.m. Central Time. Participation details are available on the Company’s website’s Events page. 1 EMEA is the region including Europe, the Middle East, and Africa. “Oil-Dri”, “Cat’s Pride”, “Metal X”, “Metal Z”, “Amlan”, and “Ultra” are registered trademarks of Oil-Dri Corporation of America and its subsidiaries. About Oil-Dri Corporation of America Oil-Dri Corporation of America is a leading manufacturer and supplier of specialty sorbent products for the pet care, animal health and nutrition, fluids purification, agricultural ingredients, sports field, industrial and automotive markets. Oil-Dri is vertically integrated which enables the Company to efficiently oversee every step of the process from research and development to supply chain to marketing and sales. With over 80 years of experience, the Company continues to fulfill its mission to Create Value from Sorbent Minerals . Forward-Looking Statements Certain statements in this press release may contain forward-looking statements, within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, that are based on our current expectations, estimates, forecasts and projections about our future performance, our business, our beliefs and our management’s assumptions. In addition, we, or others on our behalf, may make forward-looking statements in other press releases or written statements, or in our communications and discussions with investors and analysts in the normal course of business through meetings, webcasts, phone calls and conference calls. Forward-looking statements can be identified by words such as “expect,” “outlook,” “forecast,” “would,” “could,” “should,” “project,” “intend,” “plan,” “continue,” “believe,” “seek,” “estimate,” “anticipate,” “may,” “assume,” “potential,” “strive,” and similar references to future periods. Such statements are subject to certain risks, uncertainties and assumptions that could cause actual results to differ materially, including, but not limited to, those described in Item 1A, “Risk Factors” of our Quarterly Report on Form 10-Q for the quarter ended October 31, 2024 and our most recent Annual Report on Form 10-K and from time to time in our other filings with the Securities and Exchange Commission. Should one or more of these or other risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, intended, expected, believed, estimated, projected, planned or otherwise expressed in any forward-looking statements. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Except to the extent required by law, we do not have any intention or obligation to update publicly any forward-looking statements after the distribution of this press release, whether as a result of new information, future events, changes in assumptions, or otherwise. Non-GAAP Financial Measures To supplement our consolidated financial statements prepared in accordance with generally accepted accounting principles (“GAAP”), we provide certain non-GAAP financial measures in this press release as supplemental financial metrics. In particular, EBITDA is a non-GAAP financial measure provided herein. We provide a reconciliation of this non-GAAP financial measure to the most directly comparable GAAP financial measure below. The non-GAAP financial measures we use may not be the same or calculated in the same manner as those used and calculated by other companies. Non-GAAP financial measures have limitations as analytical tools and should not be considered in isolation or as a substitute for our financial results prepared and reported in accordance with GAAP. We believe that certain non-GAAP measures may be helpful to investors and others in understanding and evaluating our operating results, and we urge investors to review the reconciliation of non-GAAP financial measures to the comparable GAAP financial measures included in this release, and not to rely on any single financial measure to evaluate our business. Contact: Leslie A. Garber Director of Investor Relations Oil-Dri Corporation of America InvestorRelations@oildri.com (312) 321-1515 This press release was published by a CLEAR® Verified individual.
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TEMPE, Ariz. (AP) — Miguel Tomley scored 28 points as Weber State beat Pepperdine 68-53 in the Desert Division championship game of the Arizona Tip-Off on Saturday night. Tomley shot 7 for 12 (6 for 7 from 3-point range) and 8 of 8 from the free-throw line for the Wildcats (4-4). Blaise Threatt added 21 points and seven rebounds. Javascript is required for you to be able to read premium content. Please enable it in your browser settings. Get updates and player profiles ahead of Friday's high school games, plus a recap Saturday with stories, photos, video Frequency: Seasonal Twice a week
The Nagaland government signed a Memorandum of Understanding (MoU) with the British High Commission to reserve five annual slots in the prestigious Chevening Scholarship for aspirants from the state. The MoU was signed by Investment & Development Authority of Nagaland Chairman Abu Metha and British Deputy High Commissioner in Kolkata Andrew Fleming at the chief minister's official residence on Saturday, a statement said. The pact was inked in the presence of Chief Minister Neiphiu Rio and British High Commissioner Linda Cameron. The Chevening Scholarship provided by the UK government is aimed at nurturing exceptional individuals with leadership potential , the statement said. This collaboration will provide full funding for a one-year master's degree at any UK university, equipping scholars with advanced knowledge and skills in their chosen fields, it said. (Join our ETNRI WhatsApp channel for all the latest updates) Under the terms of the MoU, the Nagaland government would part-fund the reserved slots, enabling aspirants from the state to join Chevening's global network of change-makers, it added. Finance Startup Fundraising: Essential Tactics for Securing Capital By - Dr. Anu Khanchandani, Startup Coach with more than 25 years of experience View Program Finance AI and Generative AI for Finance By - Hariom Tatsat, Vice President- Quantitative Analytics at Barclays View Program Web Development A Comprehensive ASP.NET Core MVC 6 Project Guide for 2024 By - Metla Sudha Sekhar, IT Specialist and Developer View Program Marketing Digital Marketing Masterclass by Pam Moore By - Pam Moore, Digital Transformation and Social Media Expert View Program Artificial Intelligence(AI) AI for Everyone: Understanding and Applying the Basics on Artificial Intelligence By - Ritesh Vajariya, Generative AI Expert View Program Web Development Django & PostgreSQL Mastery: Build Professional Web Applications By - Metla Sudha Sekhar, IT Specialist and Developer View Program Office Productivity Advanced Excel Course - Financial Calculations & Excel Made Easy By - Anirudh Saraf, Founder- Saraf A & Associates, Chartered Accountant View Program Web Development Master RESTful APIs with Python and Django REST Framework: Web API Development By - Metla Sudha Sekhar, IT Specialist and Developer View Program Data Science SQL for Data Science along with Data Analytics and Data Visualization By - Metla Sudha Sekhar, IT Specialist and Developer View Program Artificial Intelligence(AI) Java Programming with ChatGPT: Learn using Generative AI By - Metla Sudha Sekhar, IT Specialist and Developer View Program Artificial Intelligence(AI) AI and Analytics based Business Strategy By - Tanusree De, Managing Director- Accenture Technology Lead, Trustworthy AI Center of Excellence: ATCI View Program Office Productivity Mastering Google Sheets: Unleash the Power of Excel and Advance Analysis By - Metla Sudha Sekhar, IT Specialist and Developer View Program Finance Tally Prime & GST Accounting: Complete Guide By - CA Raj K Agrawal, Chartered Accountant View Program Artificial Intelligence(AI) Master in Python Language Quickly Using the ChatGPT Open AI By - Metla Sudha Sekhar, IT Specialist and Developer View Program Web Development Java 21 Essentials for Beginners: Build Strong Programming Foundations By - Metla Sudha Sekhar, IT Specialist and Developer View Program Finance A2Z Of Finance: Finance Beginner Course By - elearnmarkets, Financial Education by StockEdge View Program Finance Crypto & NFT Mastery: From Basics to Advanced By - CA Raj K Agrawal, Chartered Accountant View Program Leadership Crafting a Powerful Startup Value Proposition By - Dr. Anu Khanchandani, Startup Coach with more than 25 years of experience View Program Web Development Advanced C++ Mastery: OOPs and Template Techniques By - Metla Sudha Sekhar, IT Specialist and Developer View Program Strategy ESG and Business Sustainability Strategy By - Vipul Arora, Partner, ESG & Climate Solutions at Sattva Consulting Author I Speaker I Thought Leader View Program RECOMMENDED STORIES FOR YOU All you need to about Chevening Scholarship Australia's 126% student visa fee hike makes Indian students consider Plan B Scholarships to help finance your study abroad: A country-wise guide This partnership is a transformative step for Nagaland, which is poised for significant economic and social growth. With the state requiring advanced human capital to drive its development, these scholarships will play a pivotal role in cultivating future leaders, fostering global academic engagement, and showcasing Nagaland's potential on the international stage, the statement said.
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