As part of its ongoing commitment to return value to shareholders, L Brands, Inc. (NYSE:LB) announced today that its Board of Directors has authorized a new $250 million share repurchase program, which includes $10.3 million remaining under its previous $250 million share repurchase program.
http://investors.lb.com/phoenix.zhtml?c=94854&p=irol-newsArticle&ID=2301173
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Click here (https://security-us.mimecast.com/ttpwp#/checking?key=dG9tLnBhbmtvd0BtaWRsYW5kY28uY29tfHJlcS1lNGUxNTYyN2RiMmY4M2JlYmU4YThmOGQ5MTEyNmNhOA%3D%3D) to review our mailing industry coalition-based letter in support of HR 3076 -The Postal Service Reform Act. We and other organizations and companies who comprise the Coalition for a 21st Century Postal Service have been asked to support this signifcant and helpful bill. Getting this passed with a clear bipartisan majority in the House will grease the skids in the Senate. Constituent influence is the key to getting this done. We hope to obtain as many signatures from companies and trade associations as possible, demonstrating broad support. The ACMA is signing onto the letter and we urge you to review it, then send a quick reply directly to this email whether you’d like your company’s name added or not. Sorry for the short notice, but please get back to us no later than 10:00 am Eastern Time Tuesday, February 1st. This bill is the product of years of work by ACMA and others. As with much Congress does, it is not perfect, but it is clearly helpful and while we will continue to work for improvements, we cannot let perfect be the enemy of good. This is good as written and we must move quickly as things will soon devolve into election year politics and nothing may be possible. ACMA member or not, if you mail, you should support this bill. Please reach out with any questions, and thank you for taking action!
Hearst announced it has agreed to acquire CellTrak, a leading provider of care documentation software solutions in the personal care market. The announcement was made by Steven R. Swartz, Hearst president and CEO; Gregory Dorn, MD, Hearst Health president; Scott Decker, Homecare Homebase president; and Dan Wacker, CellTrak CEO. Terms were not disclosed and the transaction is expected to close in Q1 of 2022. CellTrak will become a wholly owned subsidiary of Homecare Homebase, with Wacker continuing as general manager of the company. “In-home care services have grown significantly the past 10 years as it is the preferred venue for people to receive care, and Homecare Homebase has been the leading platform providing vital workflow solutions in the home health and hospice categories,” said Dorn. “Extending their capabilities to personal care is the right next step for caregiving in the home.”
“The results of our first quarter signal a positive start to the 2025 fiscal year and demonstrate meaningful progress, with total revenue growing compared to this time last year,” said Andrew MacLeod, Postmedia President and Chief Executive Officer. “I am particularly encouraged by the trajectory of our advertising revenue stream, which is showing positive year-over-year growth. This, combined with strong performance in our circulation and parcel divisions, reflects the successful execution of our strategic initiatives and the increasing value we deliver to our partners,” said MacLeod. “As we move forward, we remain focused on sustainable growth and operational excellence across all our business segments.” Revenue for the quarter was $110.3 million as compared to $104.6 million in the same period in the prior year, representing an increase of $5.7 million (5.4%). Total operating expenses excluding depreciation, amortization and restructuring increased $6.1 million, or 6.1%, for the quarter ended November 30, 2024, relative to the same period in the prior year. Operating income before depreciation, amortization and restructuring in the quarter was $5.5 million, a decrease of $0.4 million relative to the same period in the prior year. Net loss in the quarter ended November 30, 2024 was $24.5 million, as compared to a net loss of $10.6 million in the same period in the prior year.