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WALTHAM, Mass.--(BUSINESS WIRE)--Dec 6, 2024-- Vicarious Surgical Inc. (“Vicarious Surgical” or the “Company”) (NYSE: RBOT, RBOT WS), a next-generation robotics technology company seeking to improve lives by transforming robotic surgery, today announced the pending departure of William Kelly, its Chief Financial Officer (CFO), to pursue other career opportunities, after nearly four years of dedicated service with the Company. Mr. Kelly has served as Vicarious Surgical’s CFO since January 2021. He will assist the Company to ensure minimal disruption and a successful transition of responsibilities prior to his departure, which is slated for January 2, 2025. “On behalf of the Company and Board, I want to extend my sincerest gratitude to Bill for his significant contribution over the last few years,” said Adam Sachs, Co-Founder and Chief Executive Officer. “Bill has been an incredible asset to Vicarious Surgical, and we wish him all the best in his future endeavors.” Mr. Kelly added “My tenure at Vicarious Surgical has been a period of significant progress and accomplishment, both for the Company and for me personally. I am deeply grateful for the opportunities I have been afforded and the collaborative spirit of the entire team. I depart with immense pride in our collective achievements and unwavering confidence in the Company's continued success under its strong leadership.” The Company has initiated a CFO succession process and will provide updates as appropriate. About Vicarious Surgical Founded in 2014, Vicarious Surgical is a next generation robotics company, developing a unique disruptive technology with the multiple goals of substantially increasing the efficiency of surgical procedures, improving patient outcomes, and reducing healthcare costs. The Company’s novel surgical approach uses proprietary human-like surgical robots to virtually transport surgeons inside the patient to perform minimally invasive surgery. The Company is led by an experienced team of technologists, medical device professionals and physicians, and is backed by technology luminaries including Bill Gates, Vinod Khosla’s Khosla Ventures, Innovation Endeavors, Jerry Yang’s AME Cloud Ventures, Sun Hung Kai & Co. Ltd and Philip Liang’s E15 VC. The Company is headquartered in Waltham, Massachusetts. Learn more at www.vicarioussurgical.com . Forward-Looking Statements This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. The company’s actual results may differ from its expectations, estimates, and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. All statements other than statements of historical facts contained herein, are forward-looking statements that reflect the current beliefs and expectations of management. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from those discussed in the forward-looking statements. Most of these factors are outside Vicarious Surgical’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to: the ability to maintain the listing of Vicarious Surgical’s Class A common stock on the New York Stock Exchange; the approval, commercialization and adoption of Vicarious Surgical’s initial product candidates and the success of its single-port surgical robot, called the Vicarious Surgical System, and any of its future product candidates and service offerings; changes in applicable laws or regulations; the ability of Vicarious Surgical to raise financing in the future; the success, cost and timing of Vicarious Surgical’s product and service development activities; the potential attributes and benefits of Vicarious Surgical’s product candidates and services; Vicarious Surgical’s ability to obtain and maintain regulatory approval for the Vicarious Surgical System, and any related restrictions and limitations of any approved product; the size and duration of human clinical trials for the Vicarious Surgical System; Vicarious Surgical’s ability to identify, in-license or acquire additional technology; Vicarious Surgical’s ability to maintain its existing license, manufacture, supply and distribution agreements; Vicarious Surgical’s ability to compete with other companies currently marketing or engaged in the development of products and services that Vicarious Surgical is currently marketing or developing; the size and growth potential of the markets for Vicarious Surgical’s product candidates and services, and its ability to serve those markets, either alone or in partnership with others; the pricing of Vicarious Surgical’s product candidates and services and reimbursement for medical procedures conducted using its product candidates and services; the company’s estimates regarding expenses, revenue, capital requirements and needs for additional financing; Vicarious Surgical’s financial performance; economic downturns, political and market conditions and their potential to adversely affect Vicarious Surgical’s business, financial condition and results of operations; Vicarious Surgical’s intellectual property rights and its ability to protect or enforce those rights, and the impact on its business, results and financial condition if it is unsuccessful in doing so; and other risks and uncertainties indicated from time to time in Vicarious Surgical’s filings with the SEC. Vicarious Surgical cautions that the foregoing list of factors is not exclusive. The company cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Vicarious Surgical does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based. View source version on businesswire.com : https://www.businesswire.com/news/home/20241206242926/en/ CONTACT: Investors Kaitlyn Brosco Vicarious Surgical Kbrosco@vicarioussurgical.com Media Inquiries media@vicarioussurgical.com KEYWORD: MASSACHUSETTS UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: MEDICAL SUPPLIES TECHNOLOGY OTHER HEALTH HEALTH ROBOTICS HEALTH TECHNOLOGY OTHER TECHNOLOGY MEDICAL DEVICES HOSPITALS SURGERY HARDWARE SOURCE: Vicarious Surgical Inc. Copyright Business Wire 2024. PUB: 12/06/2024 04:05 PM/DISC: 12/06/2024 04:05 PM http://www.businesswire.com/news/home/20241206242926/enAfter cutting ties with 2023 first-rounder Emmanuel Forbes, Jr., the Washington Commanders are looking for a new face of the future at the cornerback position. In his latest mock , SportingNews.com's own Vinnie Iyer believes Washington will get its guy. Iyer has the Commanders selecting Notre Dame CB Benjamin Morrison with the 19th-overall pick, despite having just traded for veteran Marshon Lattimore. Morrison would ideally be a long-term piece in Washington's defensive backfield. Morrison already has family ties to the Commanders, as his father Darryl played for Washington between 1993 and 1996 as a safety. He grew up in Leesburg, VA, a short drive from the Commanders' headquarters in Ashburn. Morrison has been sidelined with a hip injury for most of this season, but was highly productive in the previous two. In 31 games at Notre Dame, he's intercepted nine passes and deflected 18 of them. He's also a strong tackler for his position, with 84 total tackles including five for losses. Selecting Morrison would be a risk given the injury, but the upside certainly seems to be there. Washington will have plenty of options if it wants to address its biggest need, and Morrison might be the best available.
CROP & WEATHER REPORT: Demand for live Christmas trees remains strongHighlights (1) Please refer to the section entitled "Non-IFRS Financial Measures" in this press release for a definition of these measures. MONTREAL, Dec. 11, 2024 (GLOBE NEWSWIRE) -- Transcontinental Inc. (TSX: TCL.A TCL.B) announces its results for the fourth quarter and fiscal year 2024, which ended October 27, 2024. "Once again, we posted solid quarterly results and therefore ended the fiscal year on a strong note," said Thomas Morin, President and Chief Executive Officer of TC Transcontinental. "I am very pleased with the excellent results for fiscal 2024 and would like to thank our teams for their disciplined work in reducing costs and improving profitability. "In our Packaging Sector, despite the ongoing pressure on our medical market activities, we reported a 6.5% increase in adjusted operating earnings before depreciation and amortization for the quarter, mainly as a result of our cost reduction initiatives. For the fiscal year 2024, our adjusted operating earnings before depreciation and amortization amounted to $262.2 million, up 14.2% compared to the prior year. "In our Retail Services and Printing Sector, we recorded an increase in adjusted operating earnings before depreciation and amortization for a second consecutive quarter. The actions taken to improve our cost structure, a more favourable product mix, including the roll-out of raddar TM, as well as growth in our in-store marketing activities, continue to show results. For fiscal 2024, our adjusted operating earnings before depreciation and amortization stood at $201.0 million, an increase of 2.1% compared to the prior year. "Mainly as a result of the implementation of the program aimed at improving our profitability and our financial position, we posted a solid performance for fiscal 2024," added Donald LeCavalier, Executive Vice President and Chief Financial Officer of TC Transcontinental. "In addition, we generated significant cash flows in fiscal 2024 which, combined with the monetization of some real estate assets, enabled us to improve our balance sheet by reducing our net indebtedness ratio to 1.71 times the adjusted operating earnings before depreciation and amortization while allocating $32.3 million to our share repurchase program." Financial Highlights Results for the Fourth Quarter of Fiscal 2024 Revenues decreased by $30.4 million, or 3.9%, from $779.7 million in the fourth quarter of 2023 to $749.3 million in the corresponding period of 2024. This decrease is mainly due to lower volume in the Retail Services and Printing Sector and the Packaging Sector, partially mitigated by the favourable effect of exchange rate fluctuations. Operating earnings before depreciation and amortization increased by $8.6 million, or 7.0%, from $123.2 million in the fourth quarter of 2023 to $131.8 million in the fourth quarter of 2024. This increase is mainly attributable to our cost reduction initiatives and the decrease in asset impairment charges, partially offset by lower volume and the rise in restructuring and other costs. Despite an increase in adjusted operating earnings before depreciation and amortization in the two main operating sectors, consolidated adjusted operating earnings before depreciation and amortization decreased by $3.3 million, or 2.3%, from $145.5 million in the fourth quarter of 2023 to $142.2 million in the fourth quarter of 2024. This decrease is mainly due to the unfavourable effect of the change in the incentive compensation expense, including the stock-based compensation expense. Net earnings attributable to shareholders of the Corporation increased by $6.2 million, or 14.9%, from $41.7 million in the fourth quarter of 2023 to $47.9 million in the fourth quarter of 2024. This increase is mainly attributable to the previously explained increase in operating earnings before depreciation and amortization, the decrease in depreciation and amortization, and lower financial expenses, partially offset by higher income taxes. On a per share basis, net earnings attributable to shareholders of the Corporation went from $0.48 to $0.57, respectively. Adjusted net earnings attributable to shareholders of the Corporation decreased by $4.5 million, or 6.3%, from $71.8 million in the fourth quarter of 2023 to $67.3 million in the fourth quarter of 2024. This decrease is mainly due to the previously explained decrease in adjusted operating earnings before depreciation and amortization and higher income taxes, partially mitigated by the decrease in depreciation and amortization, and lower financial expenses. On a per share basis, adjusted net earnings attributable to shareholders of the Corporation went from $0.83 to $0.79, respectively. Results for Fiscal Year 2024 Revenues decreased by $127.7 million, or 4.3%, from $2,940.6 million in fiscal year 2023 to $2,812.9 million in the corresponding period of 2024. This decrease is mainly due to lower volume in the Retail Services and Printing Sector as well as in the Packaging Sector. Operating earnings before depreciation and amortization increased by $25.1 million, or 6.3%, from $399.6 million in fiscal year 2023 to $424.7 million in the corresponding period of 2024. This increase is mainly attributable to our cost reduction initiatives and the decrease in asset impairment charges, partially offset by lower volume and the rise in restructuring and other costs. Adjusted operating earnings before depreciation and amortization increased by $22.9 million, or 5.1%, from $446.5 million in fiscal year 2023 to $469.4 million in the corresponding period of 2024. This increase is mainly attributable to our cost reduction initiatives, partially offset by lower volume. Net earnings attributable to shareholders of the Corporation increased by $35.5 million, or 41.4%, from $85.8 million in fiscal year 2023 to $121.3 million in the corresponding period of 2024. This increase is mainly attributable to the previously explained increase in operating earnings before depreciation and amortization, the decrease in depreciation and amortization, and lower financial expenses, partially offset by higher income taxes. On a per share basis, net earnings attributable to shareholders of the Corporation went from $0.99 to $1.41, respectively. Adjusted net earnings attributable to shareholders of the Corporation increased by $25.4 million, or 14.4%, from $176.0 million in fiscal year 2023 to $201.4 million in the corresponding period of 2024. This increase is mainly attributable to the previously explained increase in adjusted operating earnings before depreciation and amortization, the decrease in depreciation and amortization, and lower financial expenses, partially offset by higher income taxes. On a per share basis, adjusted net earnings attributable to shareholders of the Corporation went from $2.03 to $2.34, respectively. For more detailed financial information, please see the Management’s Discussion and Analysis for the year ended October 27, 2024, as well as the financial statements in the “Investors” section of our website at www.tc.tc . Outlook In the Packaging Sector, our investments, including those related to sustainable packaging solutions, position us well for the future and should be a key driver of our long-term growth. In terms of profitability, we expect to generate organic growth in adjusted operating earnings before depreciation and amortization for fiscal 2025 compared to fiscal 2024. In the Retail Services and Printing Sector, we are encouraged by the roll-out of raddar TM and growth opportunities in our in-store marketing activities. Despite a decrease in revenues resulting from lower volume in our traditional activities and the roll-out of raddar TM, we expect adjusted operating earnings before depreciation and amortization for fiscal 2025 to be stable compared to fiscal 2024, excluding the impact of the labour conflict at Canada Post. Lastly, in addition to the amount received for the sale of our industrial packaging operations, we expect to continue generating significant cash flows from operating activities, which will enable us to reduce our net indebtedness while continuing to make strategic investments and return capital to our shareholders. Labour Conflict at Canada Post On November 15, 2024, the Canadian Union of Postal Workers initiated a national strike. As of December 11, 2024, this labour conflict at Canada Post, which remain unresolved, is disrupting the distribution services of flyers, including the raddar TM leaflet. As a result, the Corporation is incurring revenue losses in regions where raddar TM is not distributed through alternative networks, as well as additional costs, including the printing costs of undistributed flyers and the establishment of alternative distribution networks in certain regions of Quebec. As of December 11, 2024, the revenue losses, and consequently the profit losses, along with the additional costs, are estimated at approximately $7.0 million. Non-IFRS Financial Measures In this document, unless otherwise indicated, all financial data are prepared in accordance with International Financial Reporting Accounting Standards ("IFRS") and the term "dollar", as well as the symbol "$" designate Canadian dollars. In addition, in this press release, we also use certain non-IFRS financial measures for which a complete definition is presented below and for which a reconciliation to financial information in accordance with IFRS is presented in the section entitled "Reconciliation of Non-IFRS Financial Measures" and in Note 3, "Segmented Information", to the audited annual consolidated financial statements for the fiscal year ended October 27, 2024. Reconciliation of Non-IFRS Financial Measures The financial information has been prepared in accordance with IFRS. However, financial measures used, namely adjusted operating earnings before depreciation and amortization, adjusted operating earnings, adjusted income taxes, adjusted net earnings attributable to shareholders of the Corporation, adjusted net earnings attributable to shareholders of the Corporation per share, net indebtedness and net indebtedness ratio, for which a reconciliation is presented in the following table, do not have any standardized meaning under IFRS and could be calculated differently by other companies. We believe that many of our readers analyze the financial performance of the Corporation’s activities based on these non-IFRS financial measures as such measures may allow for easier comparisons between periods. These measures should be considered as a complement to financial performance measures in accordance with IFRS. They do not substitute and are not superior to them. The Corporation also believes that these measures are useful indicators of the performance of its operations and its ability to meet its financial obligations. Furthermore, management also uses some of these non-IFRS financial measures to assess the performance of its activities and managers. Dividend The Corporation's Board of Directors declared a quarterly dividend of $0.225 per share on Class A Subordinate Voting Shares and Class B Shares. This dividend is payable on January 20, 2025, to shareholders of record at the close of business on January 6, 2025. Normal Course Issuer Bid On June 12, 2024, the Corporation has been authorized to repurchase, for cancellation on the open market, or subject to the approval of any securities authority by private agreements, between June 17, 2024 and June 16, 2025, or at an earlier date if the Corporation concludes or cancels the offer, up to 3,662,967 of its Class A Subordinate Voting Shares and up to 668,241 of its Class B Shares. The repurchases are made in the normal course of business at market prices through the Toronto Stock Exchange. During the fourth quarter of 2024, the Corporation repurchased and cancelled 900,459 Class A Subordinate Voting Shares at a weighted average price of $16.20 and 2,000 Class B Shares at a weighted average price of $16.39, for a total cash consideration of $14.6 million. During fiscal 2024, the Corporation repurchased and cancelled 2,060,217 Class A Subordinate Voting Shares at a weighted average price of $15.65 and 7,000 Class B Shares at a weighted average price of $15.66, for a total cash consideration of $32.3 million. On October 16, 2024, the Corporation authorized its broker to repurchase shares between October 28, 2024, and December 13, 2024, inclusively, in accordance with parameters set by the Corporation. Subsequent to the year ended October 27, 2024, the Corporation repurchased 413,278 Class A Subordinated Voting Shares and 2,400 Class B Shares for a total cash consideration of $7.0 million. Additional information Conference Call Upon releasing its results for the fourth quarter and fiscal 2024, the Corporation will hold a conference call for the financial community on December 12, 2024, at 8:00 a.m. The dial-in numbers are 1-289-514-5100 or 1-800-717-1738. Media may hear the call in listen-only mode or tune in to the simultaneous audio broadcast on TC Transcontinental’s website, which will then be archived for 30 days. For media requests or interviews, please contact Nathalie St-Jean, Senior Advisor, Corporate Communications of TC Transcontinental, at 514-954-3581. Profile TC Transcontinental is a leader in flexible packaging in North America and in retail services in Canada, and is Canada’s largest printer. The Corporation is also the leading Canadian French-language educational publishing group. Since 1976, TC Transcontinental's mission has been to create quality products and services that allow businesses to attract, reach and retain their target customers. Respect, teamwork, performance and innovation are the strong values held by the Corporation and its employees. TC Transcontinental's commitment to its stakeholders is to pursue its business activities in a responsible manner. Transcontinental Inc. (TSX: TCL.A TCL.B), known as TC Transcontinental, has approximately 7,500 employees, the majority of which are based in Canada, the United States and Latin America. TC Transcontinental generated revenues of $2.8 billion during the fiscal year ended October 27, 2024. For more information, visit TC Transcontinental's website at www.tc.tc . Forward-looking Statements Our public communications often contain oral or written forward-looking statements which are based on the expectations of management and inherently subject to a certain number of risks and uncertainties, known and unknown. By their very nature, forward-looking statements are derived from both general and specific assumptions. The Corporation cautions against undue reliance on such statements since actual results or events may differ materially from the expectations expressed or implied in them. Forward-looking statements may include observations concerning the Corporation's objectives, strategy, anticipated financial results and business outlook. The Corporation's future performance may also be affected by a number of factors, many of which are beyond the Corporation's will or control. These factors include, but are not limited to the impact of digital product development and adoption, the impact of changes in the participants in the distribution of newspapers and printed advertising materials and the disruption in their activities resulting mainly from labour disputes, including at Canada Post, the impact of regulations or legislation regarding door-to-door distribution on the printing of paper flyers or printed advertising materials, inflation and recession risks, economic conditions and geopolitical uncertainty, environmental risks as well as adoption of new regulations or amendments and changes to consumption habits, risk of an operational disruption that could be harmful to its ability to meet deadlines, the worldwide outbreak of a disease, a virus or any other contagious disease could have an adverse impact on the Corporation’s operations, the ability to generate organic long-term growth and face competition, a significant increase in the cost of raw materials, the availability of those materials and energy consumption could have an adverse impact on the Corporation’s activities, the ability to complete acquisitions and properly integrate them, cybersecurity, data protection, warehousing and usage, the impact of digital product development and adoption on the demand for printed products other than flyers, the failure of patents, trademarks and confidentiality agreements to protect intellectual property, a difficulty to attract and retain employees in the main operating sectors, the safety and quality of packaging products used in the food industry, bad debts from certain customers, import and export controls, duties, tariffs or taxes, exchange rate fluctuations, increase in market interest rates with respect to our financial instruments as well as availability of capital at a reasonable cost, the legal risks related to its activities and the compliance of its activities with applicable regulations, the impact of major market fluctuations on the solvency of defined benefit pension plans, changes in tax legislation and disputes with tax authorities or amendments to statutory tax rates in force, the impact of impairment tests on the value of assets and a conflict of interest between the controlling shareholder and other shareholders. The main risks, uncertainties and factors that could influence actual results are described in the Management's Discussion and Analysis for the fiscal year ended October 27, 2024 and in the latest Annual Information Form . Unless otherwise indicated by the Corporation, forward-looking statements do not take into account the potential impact of non-recurring or other unusual items, nor of disposals, business combinations, mergers or acquisitions which may be announced or entered into after the date of December 11, 2024. The forward-looking statements in this press release are made pursuant to the “safe harbour” provisions of applicable Canadian securities legislation. The forward-looking statements in this release are based on current expectations and information available as at December 11, 2024. Such forward-looking information may also be found in other documents filed with Canadian securities regulators or in other communications. The Corporation's management disclaims any intention or obligation to update or revise these statements unless otherwise required by the securities authorities. For information:
NoneWarning: Massive Moana 2 spoilers ahead! Dana Ledoux Miller is booked and busy! The Moana 2 director and Moana live-action remake writer took the time to talk with BuzzFeed about behind-the-scenes moments in the recording booth, Pacific Islander representation, and Moana's new tattoo. But honestly, it turned into a beautiful chat between two Samoan women, and I left the interview feeling like we were old friends! 1. How does it feel to be the first Pacific Islander woman to direct not only a Disney film but any major motion picture? Especially now that Moana has broken so many records at the box office? Dana Ledoux Miller: It's a little surreal. I'm so grateful that the film is doing well and people are watching it, and that it's resonating with so many Pacific Islanders. But also, it's really exciting to me that I do get to stand in this place and just by being here, in this moment, show people what's possible. Show other Pacific Islander women, people across anywhere, that if — I mean honestly — if I can do it, you can do it, too. It's been a really special thing and a responsibility that I don't take lightly because nobody can say it hasn't been done before. That can't be an excuse as to why you don't hire a Pacific Islander woman to write and direct a studio film because it has been done before. So now, let's let somebody else do it, too. 2. Do you have a favorite behind-the-scenes moment from working with the actors in the recording booth for Moana 2 ? Working with Auli’i [Cravalho] and Dwayne [Johnson] was really special. I assume you never know what it's going to be like coming into a role that you've already played and coming back after eight years to jump into this. But I was so impressed by both of them, the way they were able to just find these characters again, but also find new depths to them. And Auli’i is just hilarious in the booth. She's so physical and so just on point. The first day I was in the recording session with her, we were talking outside, and then she walked in, and it was like, “Oh, crap, that's Moana!” Just on and amazing. 3. Do you have a favorite moment with Dwayne? We have this moment later in the film where Maui is stripped of all of his crutches. He's lost his tattoos, he's lost his hook, he's lost his power, and he's vulnerable in a way that he's never been before. And he's grieving a loss. [Writer] Jared Bush and I were talking through what that means to be so strong and to be somebody who, in theory, doesn't need anyone, but suddenly be taken to your knees and vulnerable in a way you've never been before, and having to ask for help in a way you've never been before. What does that look like when you are larger than life? To talk that through with Dwayne, who is larger than life in so many ways and doesn't often get to go to these places emotionally as an actor, was really exciting. 4. In previous interviews, you’ve spoken about how growing up as a mixed Samoan woman in California, away from most of your family, impacted your confidence. As a fellow mixed Samoan woman who grew up the same way, I was wondering where you found that confidence to be able to write and direct these movies because I think sometimes we feel like, "Oh no, I'm not Samoan enough.” That is a sentence I am very familiar with: “I'm not Samoan enough.” Half my dad's family lived in Northern California — I'm in Southern California — or back in Samoa, and so there was really a disconnect. Part of that honestly was because of my dad, too, and him dealing with some of his own identity issues as I was growing up. And so, I felt a lot of insecurity about that. I would say being Samoan is always something I've been really proud of, but it's something I always mentioned with caveats, to try to make other people feel better about it, but also to make myself feel better. Like, “I'm Samoan, but yeah, I know I don't look so Samoan,” to make it feel okay for everybody else. I'm not joking, I used to have a picture of my grandparents in my bag when I was really young. BuzzFeed: So you could whip it out as proof? Yeah, as if I needed it! Nobody's even asking me for proof. But I felt so insecure about it. I don't know that I'm a fully-recovered insecure afakasi [mixed Samoan] woman, but I have come a long way. Even taking the job on the Moana live-action, which was my first Moana project, my first thought after getting that job was: “Am I Samoan enough? Is our community going to be upset that I'm the person doing this? Will they think I'm not enough to do this?” And it was very daunting. I was so excited because I love Moana, and I felt like I couldn't believe I get to be a part of telling her story. But it's been a process to take ownership of even just being able to be say, “I'm Samoan. I'm not gonna explain to you what that means because it's none of your business, and I know who I am.” That I would say has been a two-year process. It's still new to me. It's still fresh. But part of that is because I took some chances I wasn't ready to take. I took the job on the live-action film even though I felt that insecurity. I started PEAK [Pasifika Entertainment Advancement Komiti] when I was like, “Am I enough to do this? Am I the right person?” I also had a Pacific Islander writers room for this small show that didn't end up going, and I got to work with Pacific Islanders in a room, creating, for the first time. All of these things came together at once, and I started to feel like I was a part of a bigger community. And it wasn't a community that was asking me to qualify myself but of other people who felt very similarly. We were coming together, and we were looking at each other, and we're like, “Oh, I see you. I see you. I see you.” And because we were seeing ourselves in each other, it gave me more confidence to be bold about taking ownership of who I am. It's been a journey, but I am proud to be Samoan. 5. When Moana breaks Nalo’s curse, she dies and comes back only due to the power of the ancestors. This was such a powerful message about how our ancestors are still with us today and can always be called upon in times of need. Can you speak about the decision to include this? The first film did such a great job of setting that up with Gramma Tala. And I would say that Dave Derrick, the other Samoan director of the film, he very early on had this image in his mind of a whale shark as an ancestor coming in and meeting Moana. It's an image that is in the film, and it all just grew from there. This idea that our ancestors are always with us — they are always guiding us, and we are continuing their story. It just felt right for this. But when it came to that moment in particular at the end, it goes back to what we were talking about with Maui, this idea that he has no resources to solve this problem. He can't save Moana, and so he has to do something he's never done before, which is call out to the gods and call out to the ancestors and admit that he needs help. And I think [composer] Opetaia Foa'i did such a beautiful job of creating this chant in Samoan for Maui to sing, and then it's really just a call to make things right. And so, it felt natural that if he's calling for help, that the ancestors would come. I loved the moment Tautai Vasa comes in because he doesn't know what's going to happen. It's not like they're omniscient and the ancestors know that by showing up, she's going to come back to life. It's that he's been called, and now he's seeing this young woman who he sent off on this journey. He called her to action, and here she is. This is the consequence of that. To see him also calling out for help, and then see everyone come together, the ocean, the ancestors, all this power coming together to bring her back as a demigod... It just felt right for this world and for her journey, for a young woman who's given so much. It all built on each other into something that I'm really proud of. 6. The film very much seemed like it was setting us up for a third Moana movie. If that happens, do you think Moana would have any cool demigod powers? If there was a next movie, and I have no idea, I would be very excited to see what powers she had. I think that this film definitely sets up the potential for that. She's even got her own demigod color; she glows a little different than Maui. So I assume that she has some different abilities. But what that might be, I have no idea. 7. And the scene after that, we get some Melanesian and Micronesian rep! How important was it to ensure their inclusion in the movie? We built a bunch of different canoes, and we were so fortunate to have experts from across the Pacific really homing in on those designs. That was by design, to make sure that each place was different because she's connecting the whole ocean. There's so much misunderstanding about what it means to be from the Pacific. Generally, they assume that we're only Polynesian and that we're not all these other things. The fact that Moana connecting the ocean could literally connect her to these other places across the Pacific and show new technology in these canoes and people who look a little different but are also of the ocean just felt right. I did not anticipate the reaction to that from our communities — people are pumped! 8. What advice would you give to any aspiring Pacific Islander creatives? One thing that I try to tell young writers, specifically filmmakers, is that your very specific lens into the world, no matter who you are, is your superpower. Whether you're mixed Samoan like me, or you are someone who grew up in Savai'i, or Tonga, or you're from Fiji, anywhere you're from — only you see the world in your very specific way, and that is your gift and your power. So when you're telling stories, it's really important that you don't try to shift that lens to emulate someone else's vision of the world, especially when you're writing your first sample or making your first film. It's that kind of specificity of vision and experience that, to me, is what breaks through the noise of everything else. When you do that, it helps the rest of us find the commonalities we have between us because you're telling a very specific story. You're not watering it down to something that you think someone from the outside is going to feel is more palatable. You're taking ownership of exactly who you are, and that helps me, as an audience, understand you and relate to you in a different way. I think there's sometimes a tendency to want to write what Hollywood wants you to write. But the thing is — if this is the work you want to do, and you want to get into this business — you also have to hone your craft. I have met a lot of Pacific Islanders who are excited about this idea of working in the industry, but there is maybe a lack of understanding, there is a lack of infrastructure for our community often, to get into filmmaking. But if you want to work at this level, you have to be really diligent about it. If you want to be a writer, you have to study the craft and write at the level that everyone else in the world is in order to tell those stories. That's how you build a career and create staying power. So it's kind of two-fold. You gotta play the game a little bit. You gotta understand the work and then tell it from your lens. 9. What made you most emotional or excited throughout this process? There are moments within the movie that get me sometimes. Like the Maui-Moana moment, it makes me emotional, and I'm proud of what we crafted. But also, I just feel like, as a writer, to take characters that we know and love to a new place is always really exciting. 10. Aside from Auli'i and Dwayne, who else did you have fun working with? Jemaine [Clement] came in to do Tamatoa. I am a huge Flight of the Conchords fan. Eagle vs Shark is one of my favorite films. It's one of his early films, and it's so weird. And I was like, "That's the kind of movie I'm gonna make!" I'm not as funny as him, so I haven't made a movie like that. But my heart was so full. I could listen to this man riff forever. It was pretty awesome. BuzzFeed: That’s so funny because he only shows up in the post-credits scene, right? We kept him a little longer, just to really let him go off for our own benefit. Don't tell him that. [Laughs] 11. I was super emotional throughout the film, and I’ve seen TikToks of people literally crying in the theater because they’re so happy to be represented. How do you feel about the movie’s reception? I have been blown away. The number of texts and emails I've been getting from people, from other Pasifika folks, has been a little overwhelming but in a good way. This morning, one of our consultants who lives in Apia was like, “Here's our schedule for the movie theater. It's playing every single day, and the lines are down the street.” Or my brother texted me and was like, “My friend just said he's been trying to get him and his son tickets to the movie in Tutuila, but it's been sold out for days. You can't get in.” People are stoked. A cousin's cousin sent me their aunty’s Instagram post about how the ‘ava ceremony meant something to them, or about the tatau or the idea of the ancestors, or this idea that we are all connected and that we are better together, and that people don't understand that community is our foundation, and that's who we are. There's been so many instances of people from our community loving the film. I want everyone to see this movie, we made a movie for everyone to see, but I wanted our people to see themselves, and so the fact that that's happening kind of makes me a little teary right now, actually. I was hoping that we could all hold our heads up high and be proud to see ourselves like this. [Visibly tears up] To see that happening, and to see TikTok and Instagram blowing up about people being like, "This is who I am." That means something. That changes the way we see ourselves, that's going to give somebody else confidence out there to say, "This is who I am. I am not going to apologize for it. I get to be proud of who I am." 12. How do you think the film changes the perception and awareness of Pacific Islanders? It's changing the way other people are seeing us. I saw something where somebody had never understood that Melanesian people are part of the Pacific. That's somebody learning something that they didn't know about us before. So it's really special to be able to be a part of something that's reaching people on so many different levels. 13. And finally, I loved so many of the cultural details woven into the movie , but Moana's tattoo is probably my favorite. From what I know about the meanings of the symbols, it looked like vaetuli, the footprints of the tuli bird, going up her fingers. And then it looked like the fetū, the stars, on top. And so the way that I interpreted it was that her path is to follow the stars, and I wanted to ask if that's accurate. It was all by design. So we had Peter Suluape as our consultant in the tatau form. No big deal! Maui's tattoos tell his story, and if she's going to become a demigod, we wanted her tattoos to tell her story but in a very specific way. With Maui, there's so many tattoos that tell so many stories. We wanted her tattoo to tell this story of her reconnecting all the people of the ocean. So that's why it has Motofetū in the middle, the island, and everything coming off are the channels that connect it. And so we talked to him about that, and he came back with a design. And then we worked with our character designer, Danny Arriaga, who took all of those pieces and put it together in something that worked on her arm. Another Samoan consultant we had, Dionne Fonoti, texted me after she saw that. She was like, "Sis, I love the tattoo." And I was like, "Yes! If Dionne likes it, then we're okay!" I love it because it’s so specific to Moana and her story, but it's also so specific to us and what she would actually get, and I'm glad you recognized that. A big thank you to Dana for taking the time to chat with us! And be sure to check out Moana 2 , in theaters now! Note: This interview was edited for length and clarity.
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MONTREAL, Dec. 11, 2024 (GLOBE NEWSWIRE) — Transcontinental Inc. (TSX: TCL.A TCL.B) announces its results for the fourth quarter and fiscal year 2024, which ended October 27, 2024. “Once again, we posted solid quarterly results and therefore ended the fiscal year on a strong note,” said Thomas Morin, President and Chief Executive Officer of TC Transcontinental. “I am very pleased with the excellent results for fiscal 2024 and would like to thank our teams for their disciplined work in reducing costs and improving profitability. “In our Packaging Sector, despite the ongoing pressure on our medical market activities, we reported a 6.5% increase in adjusted operating earnings before depreciation and amortization for the quarter, mainly as a result of our cost reduction initiatives. For the fiscal year 2024, our adjusted operating earnings before depreciation and amortization amounted to $262.2 million, up 14.2% compared to the prior year. “In our Retail Services and Printing Sector, we recorded an increase in adjusted operating earnings before depreciation and amortization for a second consecutive quarter. The actions taken to improve our cost structure, a more favourable product mix, including the roll-out of , as well as growth in our in-store marketing activities, continue to show results. For fiscal 2024, our adjusted operating earnings before depreciation and amortization stood at $201.0 million, an increase of 2.1% compared to the prior year. “Mainly as a result of the implementation of the program aimed at improving our profitability and our financial position, we posted a solid performance for fiscal 2024,” added Donald LeCavalier, Executive Vice President and Chief Financial Officer of TC Transcontinental. “In addition, we generated significant cash flows in fiscal 2024 which, combined with the monetization of some real estate assets, enabled us to improve our balance sheet by reducing our net indebtedness ratio to 1.71 times the adjusted operating earnings before depreciation and amortization while allocating $32.3 million to our share repurchase program.” Revenues decreased by $30.4 million, or 3.9%, from $779.7 million in the fourth quarter of 2023 to $749.3 million in the corresponding period of 2024. This decrease is mainly due to lower volume in the Retail Services and Printing Sector and the Packaging Sector, partially mitigated by the favourable effect of exchange rate fluctuations. Operating earnings before depreciation and amortization increased by $8.6 million, or 7.0%, from $123.2 million in the fourth quarter of 2023 to $131.8 million in the fourth quarter of 2024. This increase is mainly attributable to our cost reduction initiatives and the decrease in asset impairment charges, partially offset by lower volume and the rise in restructuring and other costs. Despite an increase in adjusted operating earnings before depreciation and amortization in the two main operating sectors, consolidated adjusted operating earnings before depreciation and amortization decreased by $3.3 million, or 2.3%, from $145.5 million in the fourth quarter of 2023 to $142.2 million in the fourth quarter of 2024. This decrease is mainly due to the unfavourable effect of the change in the incentive compensation expense, including the stock-based compensation expense. Net earnings attributable to shareholders of the Corporation increased by $6.2 million, or 14.9%, from $41.7 million in the fourth quarter of 2023 to $47.9 million in the fourth quarter of 2024. This increase is mainly attributable to the previously explained increase in operating earnings before depreciation and amortization, the decrease in depreciation and amortization, and lower financial expenses, partially offset by higher income taxes. On a per share basis, net earnings attributable to shareholders of the Corporation went from $0.48 to $0.57, respectively. Adjusted net earnings attributable to shareholders of the Corporation decreased by $4.5 million, or 6.3%, from $71.8 million in the fourth quarter of 2023 to $67.3 million in the fourth quarter of 2024. This decrease is mainly due to the previously explained decrease in adjusted operating earnings before depreciation and amortization and higher income taxes, partially mitigated by the decrease in depreciation and amortization, and lower financial expenses. On a per share basis, adjusted net earnings attributable to shareholders of the Corporation went from $0.83 to $0.79, respectively. Revenues decreased by $127.7 million, or 4.3%, from $2,940.6 million in fiscal year 2023 to $2,812.9 million in the corresponding period of 2024. This decrease is mainly due to lower volume in the Retail Services and Printing Sector as well as in the Packaging Sector. Operating earnings before depreciation and amortization increased by $25.1 million, or 6.3%, from $399.6 million in fiscal year 2023 to $424.7 million in the corresponding period of 2024. This increase is mainly attributable to our cost reduction initiatives and the decrease in asset impairment charges, partially offset by lower volume and the rise in restructuring and other costs. Adjusted operating earnings before depreciation and amortization increased by $22.9 million, or 5.1%, from $446.5 million in fiscal year 2023 to $469.4 million in the corresponding period of 2024. This increase is mainly attributable to our cost reduction initiatives, partially offset by lower volume. Net earnings attributable to shareholders of the Corporation increased by $35.5 million, or 41.4%, from $85.8 million in fiscal year 2023 to $121.3 million in the corresponding period of 2024. This increase is mainly attributable to the previously explained increase in operating earnings before depreciation and amortization, the decrease in depreciation and amortization, and lower financial expenses, partially offset by higher income taxes. On a per share basis, net earnings attributable to shareholders of the Corporation went from $0.99 to $1.41, respectively. Adjusted net earnings attributable to shareholders of the Corporation increased by $25.4 million, or 14.4%, from $176.0 million in fiscal year 2023 to $201.4 million in the corresponding period of 2024. This increase is mainly attributable to the previously explained increase in adjusted operating earnings before depreciation and amortization, the decrease in depreciation and amortization, and lower financial expenses, partially offset by higher income taxes. On a per share basis, adjusted net earnings attributable to shareholders of the Corporation went from $2.03 to $2.34, respectively. For more detailed financial information, please see the Management’s Discussion and Analysis for the year ended October 27, 2024, as well as the financial statements in the “Investors” section of our website at . In the Packaging Sector, our investments, including those related to sustainable packaging solutions, position us well for the future and should be a key driver of our long-term growth. In terms of profitability, we expect to generate organic growth in adjusted operating earnings before depreciation and amortization for fiscal 2025 compared to fiscal 2024. In the Retail Services and Printing Sector, we are encouraged by the roll-out of and growth opportunities in our in-store marketing activities. Despite a decrease in revenues resulting from lower volume in our traditional activities and the roll-out of , we expect adjusted operating earnings before depreciation and amortization for fiscal 2025 to be stable compared to fiscal 2024, excluding the impact of the labour conflict at Canada Post. Lastly, in addition to the amount received for the sale of our industrial packaging operations, we expect to continue generating significant cash flows from operating activities, which will enable us to reduce our net indebtedness while continuing to make strategic investments and return capital to our shareholders. On November 15, 2024, the Canadian Union of Postal Workers initiated a national strike. As of December 11, 2024, this labour conflict at Canada Post, which remain unresolved, is disrupting the distribution services of flyers, including the leaflet. As a result, the Corporation is incurring revenue losses in regions where is not distributed through alternative networks, as well as additional costs, including the printing costs of undistributed flyers and the establishment of alternative distribution networks in certain regions of Quebec. As of December 11, 2024, the revenue losses, and consequently the profit losses, along with the additional costs, are estimated at approximately $7.0 million. In this document, unless otherwise indicated, all financial data are prepared in accordance with International Financial Reporting Accounting Standards (“IFRS”) and the term “dollar”, as well as the symbol “$” designate Canadian dollars. In addition, in this press release, we also use certain non-IFRS financial measures for which a complete definition is presented below and for which a reconciliation to financial information in accordance with IFRS is presented in the section entitled “Reconciliation of Non-IFRS Financial Measures” and in Note 3, “Segmented Information”, to the audited annual consolidated financial statements for the fiscal year ended October 27, 2024. The financial information has been prepared in accordance with IFRS. However, financial measures used, namely adjusted operating earnings before depreciation and amortization, adjusted operating earnings, adjusted income taxes, adjusted net earnings attributable to shareholders of the Corporation, adjusted net earnings attributable to shareholders of the Corporation per share, net indebtedness and net indebtedness ratio, for which a reconciliation is presented in the following table, do not have any standardized meaning under IFRS and could be calculated differently by other companies. We believe that many of our readers analyze the financial performance of the Corporation’s activities based on these non-IFRS financial measures as such measures may allow for easier comparisons between periods. These measures should be considered as a complement to financial performance measures in accordance with IFRS. They do not substitute and are not superior to them. The Corporation also believes that these measures are useful indicators of the performance of its operations and its ability to meet its financial obligations. Furthermore, management also uses some of these non-IFRS financial measures to assess the performance of its activities and managers. The Corporation’s Board of Directors declared a quarterly dividend of $0.225 per share on Class A Subordinate Voting Shares and Class B Shares. This dividend is payable on January 20, 2025, to shareholders of record at the close of business on January 6, 2025. On June 12, 2024, the Corporation has been authorized to repurchase, for cancellation on the open market, or subject to the approval of any securities authority by private agreements, between June 17, 2024 and June 16, 2025, or at an earlier date if the Corporation concludes or cancels the offer, up to 3,662,967 of its Class A Subordinate Voting Shares and up to 668,241 of its Class B Shares. The repurchases are made in the normal course of business at market prices through the Toronto Stock Exchange. During the fourth quarter of 2024, the Corporation repurchased and cancelled 900,459 Class A Subordinate Voting Shares at a weighted average price of $16.20 and 2,000 Class B Shares at a weighted average price of $16.39, for a total cash consideration of $14.6 million. During fiscal 2024, the Corporation repurchased and cancelled 2,060,217 Class A Subordinate Voting Shares at a weighted average price of $15.65 and 7,000 Class B Shares at a weighted average price of $15.66, for a total cash consideration of $32.3 million. On October 16, 2024, the Corporation authorized its broker to repurchase shares between October 28, 2024, and December 13, 2024, inclusively, in accordance with parameters set by the Corporation. Subsequent to the year ended October 27, 2024, the Corporation repurchased 413,278 Class A Subordinated Voting Shares and 2,400 Class B Shares for a total cash consideration of $7.0 million. Upon releasing its results for the fourth quarter and fiscal 2024, the Corporation will hold a conference call for the financial community on December 12, 2024, at 8:00 a.m. The dial-in numbers are 1-289-514-5100 or 1-800-717-1738. Media may hear the call in listen-only mode or tune in to the simultaneous audio broadcast on TC Transcontinental’s website, which will then be archived for 30 days. For media requests or interviews, please contact Nathalie St-Jean, Senior Advisor, Corporate Communications of TC Transcontinental, at 514-954-3581. TC Transcontinental is a leader in flexible packaging in North America and in retail services in Canada, and is Canada’s largest printer. The Corporation is also the leading Canadian French-language educational publishing group. Since 1976, TC Transcontinental’s mission has been to create quality products and services that allow businesses to attract, reach and retain their target customers. Respect, teamwork, performance and innovation are the strong values held by the Corporation and its employees. TC Transcontinental’s commitment to its stakeholders is to pursue its business activities in a responsible manner. Transcontinental Inc. (TSX: TCL.A TCL.B), known as TC Transcontinental, has approximately 7,500 employees, the majority of which are based in Canada, the United States and Latin America. TC Transcontinental generated revenues of $2.8 billion during the fiscal year ended October 27, 2024. For more information, visit TC Transcontinental’s website at . Our public communications often contain oral or written forward-looking statements which are based on the expectations of management and inherently subject to a certain number of risks and uncertainties, known and unknown. By their very nature, forward-looking statements are derived from both general and specific assumptions. The Corporation cautions against undue reliance on such statements since actual results or events may differ materially from the expectations expressed or implied in them. Forward-looking statements may include observations concerning the Corporation’s objectives, strategy, anticipated financial results and business outlook. The Corporation’s future performance may also be affected by a number of factors, many of which are beyond the Corporation’s will or control. These factors include, but are not limited to the impact of digital product development and adoption, the impact of changes in the participants in the distribution of newspapers and printed advertising materials and the disruption in their activities resulting mainly from labour disputes, including at Canada Post, the impact of regulations or legislation regarding door-to-door distribution on the printing of paper flyers or printed advertising materials, inflation and recession risks, economic conditions and geopolitical uncertainty, environmental risks as well as adoption of new regulations or amendments and changes to consumption habits, risk of an operational disruption that could be harmful to its ability to meet deadlines, the worldwide outbreak of a disease, a virus or any other contagious disease could have an adverse impact on the Corporation’s operations, the ability to generate organic long-term growth and face competition, a significant increase in the cost of raw materials, the availability of those materials and energy consumption could have an adverse impact on the Corporation’s activities, the ability to complete acquisitions and properly integrate them, cybersecurity, data protection, warehousing and usage, the impact of digital product development and adoption on the demand for printed products other than flyers, the failure of patents, trademarks and confidentiality agreements to protect intellectual property, a difficulty to attract and retain employees in the main operating sectors, the safety and quality of packaging products used in the food industry, bad debts from certain customers, import and export controls, duties, tariffs or taxes, exchange rate fluctuations, increase in market interest rates with respect to our financial instruments as well as availability of capital at a reasonable cost, the legal risks related to its activities and the compliance of its activities with applicable regulations, the impact of major market fluctuations on the solvency of defined benefit pension plans, changes in tax legislation and disputes with tax authorities or amendments to statutory tax rates in force, the impact of impairment tests on the value of assets and a conflict of interest between the controlling shareholder and other shareholders. The main risks, uncertainties and factors that could influence actual results are described in the for the fiscal year ended October 27, 2024 and in the latest . Unless otherwise indicated by the Corporation, forward-looking statements do not take into account the potential impact of non-recurring or other unusual items, nor of disposals, business combinations, mergers or acquisitions which may be announced or entered into after the date of December 11, 2024. The forward-looking statements in this press release are made pursuant to the “safe harbour” provisions of applicable Canadian securities legislation. The forward-looking statements in this release are based on current expectations and information available as at December 11, 2024. Such forward-looking information may also be found in other documents filed with Canadian securities regulators or in other communications. The Corporation’s management disclaims any intention or obligation to update or revise these statements unless otherwise required by the securities authorities. For information:CTE study of 77 dead hockey players: Risk for brain disease increased with each year playedStanford takes aim at Andrej Stojakovic, Cal
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UN General Assembly overwhelmingly demands immediate Gaza ceasefireDan Fitzsimons Sells 8,895 Shares of Pure Storage, Inc. (NYSE:PSTG) StockBy Kemberley Washington, CPA, Bankrate.com The IRS Direct File program, which lets taxpayers file their federal income tax return directly with the IRS for free, is doubling its reach to 24 states for the 2025 tax season, up from 12 states in 2024, the program’s pilot year. The Direct File program will also accept more types of tax situations for the 2025 tax season. While taxpayers who used the system in 2024 could claim a handful of tax credits, including the earned income tax credit and the child tax credit , that list is expanding in 2025 to include the child and dependent care credit , among others. An estimated 30 million taxpayers will qualify for the Direct File program in 2025, the IRS says. More than 140,000 taxpayers filed their federal tax returns through the Direct File program in 2024. About 90% of users said their experience was excellent or above average, according to a survey of about 11,000 Direct File users in 2024, conducted by the General Services Administration. “We’re excited about the improvements to Direct File and the millions more taxpayers who will be eligible to use the service this year,” said Danny Werfel, the IRS commissioner, in a statement. “Our goal is to improve the experience of tax filing itself and help taxpayers meet their obligations quickly and easily.” The IRS says that taxpayers can use Direct File when the 2025 tax season kicks off in January, and it will be available until Oct. 15, 2025. But the program’s future is somewhat unclear: In December, 29 Republican lawmakers sent a letter to President-elect Donald Trump, calling for him to end the Direct File program on his first day in office. Lawmakers in the U.S. House of Representatives also introduced legislation in July to end the Direct File program. For now, here’s what you need to know about how the IRS Direct File program works, and how to qualify for it. What is IRS Direct File? The Direct File program is a new initiative, about to enter its second year, that allows taxpayers to file their federal tax returns electronically with the IRS. The no-cost tool guides taxpayers through every part of their federal income tax return. Taxpayers can file using a smartphone, computer or tablet. One of the program’s advantages is that, if you have questions as you’re working on your return, you can get live support directly from the IRS via chat or phone. IRS representatives can answer basic tax questions and help with technical issues in English and Spanish. Who qualifies for IRS Direct File? The Direct File program has income limits, as well as limits on the types of income, deductions and credits you can enter on your tax return. Income limits For the 2025 tax season: Types of income To be eligible for Direct File, your income can come from the following sources: But if you’re self-employed, or have business or rental income, you can’t use Direct File . Same goes for IRA contributions or distributions: If you have either, you can’t use Direct File. Tax deductions You can use the IRS Direct File program only if you claim the standard deduction — the program isn’t available to people who itemize. But you can claim certain above-the-line deductions: student loan interest , educator expenses and health savings account contributions . You can’t use Direct File if you want to deduct your IRA contributions. Tax credits The Direct File program allows for the following tax credits in 2025: However, if you want to claim education credits , credits for energy efficient home upgrades or the adoption expense credit , you can’t use the Direct File program. Which states offer IRS Direct File? More taxpayers will have access to the IRS Direct File program in 2025. In 2024, the IRS kicked off the program with only 12 states; that number has expanded to 24 states for the 2025 tax season. For some of the states that participate in the IRS Direct File program, your federal return information will be transferred automatically to the state tax website, but in some cases you’ll have to re-enter your information. Visit this IRS Direct File page to get the details for your state. Here is a list of the participating states: What if you’re not eligible to use Direct File? If you don’t qualify for the IRS Direct File program, you may have other options to file your tax return for free. In addition to Direct File, the IRS offers the Free File program, in which it partners with online tax software providers to provide free federal income tax return filing. Some providers also allow you to file a state income tax return. For the 2024 tax season, your adjusted gross income had to be less than $79,000 to qualify for the Free File program. That dollar threshold is likely to rise slightly for the 2025 tax season. The IRS also offers the Volunteer Income Tax Assistance (VITA) program, which provides certified volunteers to prepare basic tax returns if you earn less than $67,000 a year, are disabled, or speak limited English. You can find a site near you by visiting this IRS page . ©2024 Bankrate.com. Distributed by Tribune Content Agency, LLC.
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After absorbing , the San Jose Sharks will be looking for a response Saturday against the Florida Panthers. The Sharks reverted to some bad habits during their 8-1 loss to the Tampa Bay Lightning on Thursday, as they strayed from their identity and were generally outworked from start to finish. The seven-goal loss was the Sharks’ most lopsided of the season, While the Sharks ately, the loss in Tampa offered a blunt reminder that they can still get embarrassed when their details and competitive level are not where they need to be, particularly against playoff-caliber teams. “Break out pucks, defend hard, box out, you name it,” Sharks coach Ryan Warsofsky told reporters when asked about the defense’s shortcomings. “What a defenseman’s responsibilities are, we could have done a lot better.” The forward group wasn’t let off the hook, either. “Didn’t pay a price,” Warsofsky said. “You watch (the Lightning), they’re blocking shots. (Mikey) Eyssimont), (Luke) Glendining (when it’s) 8-1. And that’s the price to pay to win games in this league and that’s what we’ve got to learn.” The Sharks have done a fairly good job this season of responding after blowout defeats. After an 8-3 road loss to the Winnipeg Jets on Oct. 18, they returned home and played a much more competitive game two days later against the Colorado Avalanche in a 4-1 loss. Two days after getting blown out 7-3 by the Vegas Golden Knights on Oct. 26, the Sharks erased a three-goal deficit in the final five minutes of the third period against the Utah Hockey Club and won 5-4 in overtime. Now the Sharks face the reigning Stanley Cup champion Panthers, who, before Friday, were the third-highest scoring team in the NHL at 3.78 goals per game. Florida entered Friday tied for first place in the Atlantic Division with the Toronto Maple Leafs. “I’m not deflated. It’s an 82-game season,” Sharks defenseman Mario Ferraro said after Thursday’s loss. “We’ve got another game in a couple of days and another opportunity to play a really good hockey team and surprise them. So it’s not deflating, but it’s definitely not something that’s acceptable, so we’ve got to be better.” The Sharks have lost 10 straight games to the Panthers, with their last victory in South Florida coming on Dec.1, 2017. The Sharks might have to face the Panthers without rookie forward Will Smith, who did not practice Friday. Warsofsky told San Jose Hockey Now that Smith is day-to-day with an upper-body injury, although it remained unclear when the 19-year-old was injured. Against the Lightning, Smith played late into the third period and finished with 15:50 in ice time. Smith has 11 points in 23 games this season and has recently been playing on a line with Mikael Granlund and Klim Kostin. Regardless of who plays against the Panthers, the Sharks still need to prove that they can consistently produce a strong performance against quality opponents. “We’ll obviously take a look at everything and talk within the group and figure it out,” Sharks winger Luke Kunin said, “so it doesn’t happen again.” Forward Barclay Goodrow, who has been on injured reserve since Nov. 28 with an upper-body ailment, skated Friday, per San Jose Hockey Now. Goodrow was injured by a high hit from Ridly Greig in the Sharks’ Nov. 27 game against the Ottawa Senators. He is questionable to play against the Panthers. Related Articles The San Jose Barracuda are hosting its annual Teddy Bear Toss at Tech CU Arena on Saturday when it plays the Coachella Valley Firebirds at 6 p.m. Fans are urged to bring stuffed animals to the game and throw them on the ice after the Barracuda scores its first goal. The Barracuda will then distribute some of the stuffed animals to children at local Kaiser Permanente hospitals, as well as other kids who might not get a gift during this time of year. The AHL franchise is also joining forces with San Jose-based Working Partnerships USA, which, per the team, helps to tackle “the root causes of inequality and poverty by leading collaborative campaigns for quality jobs, healthy communities, equitable growth, and a vibrant democracy.” For Saturday’s game, the Barracuda will also wear specialty jerseys that will be auctioned off after the game, with part of the proceeds going to Working Partnerships. The team is also giving away Barracuda stockings to the first 1,500 fans in the building.BellRing Brands ( NYSE:BRBR – Free Report ) had its price target increased by Stifel Nicolaus from $67.00 to $81.00 in a research report released on Wednesday, Benzinga reports. They currently have a buy rating on the stock. BRBR has been the topic of a number of other research reports. Needham & Company LLC reissued a “buy” rating and issued a $66.00 target price on shares of BellRing Brands in a report on Tuesday, August 6th. Bank of America upped their price objective on shares of BellRing Brands from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Wednesday. Jefferies Financial Group lifted their target price on shares of BellRing Brands from $61.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Evercore ISI lifted their price objective on BellRing Brands from $65.00 to $70.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, Stephens reiterated an “equal weight” rating and set a $55.00 target price on shares of BellRing Brands in a research report on Tuesday, August 6th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $74.27. View Our Latest Analysis on BellRing Brands BellRing Brands Price Performance BellRing Brands ( NYSE:BRBR – Get Free Report ) last announced its earnings results on Monday, November 18th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.01. The business had revenue of $555.80 million during the quarter, compared to the consensus estimate of $545.00 million. BellRing Brands had a net margin of 12.35% and a negative return on equity of 103.89%. The business’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.41 earnings per share. As a group, analysts anticipate that BellRing Brands will post 2.12 earnings per share for the current year. Hedge Funds Weigh In On BellRing Brands Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. grew its position in shares of BellRing Brands by 73.0% in the first quarter. Russell Investments Group Ltd. now owns 57,154 shares of the company’s stock valued at $3,374,000 after purchasing an additional 24,126 shares during the last quarter. Vanguard Group Inc. lifted its stake in BellRing Brands by 5.3% in the 1st quarter. Vanguard Group Inc. now owns 13,978,857 shares of the company’s stock valued at $825,172,000 after buying an additional 698,121 shares in the last quarter. Acadian Asset Management LLC grew its holdings in BellRing Brands by 12.7% during the 1st quarter. Acadian Asset Management LLC now owns 8,105 shares of the company’s stock valued at $478,000 after buying an additional 914 shares during the last quarter. O Shaughnessy Asset Management LLC increased its position in BellRing Brands by 96.5% during the first quarter. O Shaughnessy Asset Management LLC now owns 15,516 shares of the company’s stock worth $916,000 after buying an additional 7,620 shares in the last quarter. Finally, Bessemer Group Inc. raised its holdings in shares of BellRing Brands by 3.8% in the first quarter. Bessemer Group Inc. now owns 7,459 shares of the company’s stock worth $440,000 after acquiring an additional 276 shares during the last quarter. Institutional investors and hedge funds own 94.97% of the company’s stock. BellRing Brands Company Profile ( Get Free Report ) BellRing Brands, Inc, together with its subsidiaries, provides various nutrition products in the United States. The company offers ready-to-drink (RTD) protein shakes, other RTD beverages, powders, nutrition bars, and other products primarily under the Premier Protein and Dymatize brands. It distributes its products through club, food, drug, mass, eCommerce, specialty, and convenience channels. Recommended Stories Receive News & Ratings for BellRing Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BellRing Brands and related companies with MarketBeat.com's FREE daily email newsletter .