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EAST LANSING, Mich. — The sight was a common one for Andrew Kolpacki. For many a Sunday, he would watch NFL games on TV and see quarterbacks putting their hands on their helmets, desperately trying to hear the play call from the sideline or booth as tens of thousands of fans screamed at the tops of their lungs. When the NCAA's playing rules oversight committee this past spring approved the use of coach-to-player helmet communications in games for the 2024 season, Kolpacki, Michigan State's head football equipment manager, knew the Spartans' QBs and linebackers were going to have a problem. "There had to be some sort of solution," he said. As it turns out, there was. And it was right across the street. Kolpacki reached out to Tamara Reid Bush, a mechanical engineering professor who not only heads the school's Biomechanical Design Research Laboratory but also is a football season ticket-holder. Kolpacki "showed me some photos and said that other teams had just put duct tape inside the (earhole), and he asked me, 'Do you think we can do anything better than duct tape,?" Bush said. "And I said, 'Oh, absolutely.'" Bush and Rylie DuBois, a sophomore biosystems engineering major and undergraduate research assistant at the lab, set out to produce earhole inserts made from polylactic acid, a bio-based plastic, using a 3D printer. Part of the challenge was accounting for the earhole sizes and shapes that vary depending on helmet style. Once the season got underway with a Friday night home game against Florida Atlantic on Aug. 30, the helmets of starting quarterback Aidan Chiles and linebacker Jordan Turner were outfitted with the inserts, which helped mitigate crowd noise. DuBois attended the game, sitting in the student section. "I felt such a strong sense of accomplishment and pride," DuBois said. "And I told all my friends around me about how I designed what they were wearing on the field." All told, Bush and DuBois have produced around 180 sets of the inserts, a number that grew in part due to the variety of helmet designs and colors that are available to be worn by Spartan players any given Saturday. Plus, the engineering folks have been fine-tuning their design throughout the season. Dozens of Bowl Subdivision programs are doing something similar. In many cases, they're getting 3D-printed earhole covers from XO Armor Technologies, which provides on-site, on-demand 3D printing of athletic wearables. The Auburn, Alabama-based company has donated its version of the earhole covers to the equipment managers of programs ranging from Georgia and Clemson to Boise State and Arizona State in the hope the schools would consider doing business with XO Armor in the future, said Jeff Klosterman, vice president of business development. XO Armor first was approached by the Houston Texans at the end of last season about creating something to assist quarterback C.J. Stroud in better hearing play calls delivered to his helmet during road games. XO Armor worked on a solution and had completed one when it received another inquiry: Ohio State, which had heard Michigan State was moving forward with helmet inserts, wondered if XO Armor had anything in the works. "We kind of just did this as a one-off favor to the Texans and honestly didn't forecast it becoming our viral moment in college football," Klosterman said. "We've now got about 60 teams across college football and the NFL wearing our sound-deadening earhole covers every weekend." The rules state that only one player for each team is permitted to be in communication with coaches while on the field. For the Spartans, it's typically Chiles on offense and Turner on defense. Turner prefers to have an insert in both earholes, but Chiles has asked that the insert be used in only one on his helmet. Chiles "likes to be able to feel like he has some sort of outward exposure," Kolpacki said. Exposure is something the sophomore signal-caller from Long Beach, California, had in away games against Michigan and Oregon this season. Michigan Stadium welcomed 110,000-plus fans for the Oct. 26 matchup between the in-state rivals. And while just under 60,000 packed Autzen Stadium in Eugene, Oregon, for the Ducks' 31-10 win over Michigan State three weeks earlier, it was plenty loud. "The Big Ten has some pretty impressive venues," Kolpacki said. "It can be just deafening," he said. "That's what those fans are there for is to create havoc and make it difficult for coaches to get a play call off." Something that is a bit easier to handle thanks to Bush and her team. She called the inserts a "win-win-win" for everyone. "It's exciting for me to work with athletics and the football team," she said. "I think it's really exciting for our students as well to take what they've learned and develop and design something and see it being used and executed."
SANTA CLARA, Calif. (AP) — San Francisco quarterback Brock Purdy took part in some light throwing on Monday after missing his first career game because of an injury and the 49ers are hoping he can return this week. Purdy hurt his throwing shoulder during a loss to Seattle on Nov. 17. Purdy underwent two MRIs last week that showed no structural damage. But Purdy he felt discomfort after making a few throws at practice on Thursday and was shut down for the game at Green Bay on Sunday that San Francisco lost 38-10 . Coach Kyle Shanahan said Monday that Purdy made it through the session without pain and will rest on Tuesday and hopefully be able to return to practice on Wednesday as the Niners prepare to play at Buffalo this coming week. “We rested it throughout the weekend hoping that would help,” Shanahan said. “He threw lighter today to see if that rest helps and the rest did help him. So we’ll see again, going through the same things we did last week. We’re going to let him rest all the way up to Wednesday. We’ll see how it feels on Wednesday and then we’ll take the exact same course throughout the week. Hopefully it responds better this week than it did last week with the rest.” RELATED COVERAGE Rams WR Demarcus Robinson arrested on suspicion of DUI after loss to Eagles Jackson accounts for 3 TDs, John Harbaugh moves to 3-0 vs. brother as Ravens beat Chargers 30-23 Chargers struggle to score after RB J.K. Dobbins hurts his knee in his reunion game with Ravens Brandon Allen went 17 for 29 for 199 yards with a touchdown, an interception and a lost fumble in his first start since the 2021 season. Allen would play once again if Purdy is unable to go on Sunday at Buffalo. Purdy wasn’t the only star player missing for the 49ers on Sunday with defensive end Nick Bosa missing the game with injuries to his left hip and oblique and left tackle Trent Williams out with an ankle injury. The AP Top 25 college football poll is back every week throughout the season! Get the poll delivered straight to your inbox with AP Top 25 Poll Alerts. Sign up here . “Just waiting to see how they respond,” Shanahan said. “They didn’t respond great last week. That’s why they weren’t able to go. Nick and Trent are both in the same boat. ... We’ll evaluate as this week progresses and hopefully it turns a better corner than it did last week.” In other injury news, linebacker Dre Greenlaw will return to practice this week for the first time since tearing his Achilles tendon in the Super Bowl last season. Greenlaw will likely need at least a couple of weeks of practice before being able to return to play. Offensive lineman Jon Feliciano will be shut down for the rest of the season after his knee injury didn’t fully heal. Feliciano’s three-week practice window ended Monday and the Niners decided to keep him on injured reserve instead of activating him. Left guard Aaron Banks, defensive tackle Jordan Elliott and receiver Jacob Cowing all remain in concussion protocol to start this week and their status is unknown. Right guard Dominick Puni (shoulder) and cornerback Deommodore Lenoir (knee) underwent MRIs on Monday and the team is waiting for results. Cornerback Renardo Green (neck) and linebacker Demetrius Flannigan-Fowles (knee) are day to day. Defensive tackle Kevin Givens is expected to return to practice this week after missing the past four games with a groin injury. ___ AP NFL: https://apnews.com/hub/nflNotre Dame puts losing streak in past, turns focus to Dartmouth
WASHINGTON ― Senate Majority Leader Chuck Schumer (D-N.Y.) reached a late-night deal with Republicans on Wednesday to speed up the process for voting on some of President Joe Biden’s remaining judicial nominees, while agreeing not to hold votes on others. The agreement ― cut by Schumer, independent Sens. Kyrsten Sinema (Ariz.) and Joe Manchin (W.Va.), and some Republicans ― means Schumer is teeing up votes on nine of Biden’s district court nominees and planning to confirm all of them when the Senate returns from Thanksgiving. GOP senators agreed not to impose delays on the process for these nine nominees. Schumer plans to hold votes on more of the president’s court picks, not part of this deal, once those nine are done. The Senate Judiciary Committee on Thursday reported out five additional district court nominees, and another two are slated to get hearings in December. All will likely get confirmation votes. If everything goes as planned, Schumer will push through as many as 16 of Biden’s judges in the coming weeks. The president could then leave office having confirmed a total of 236 lifetime federal judges, surpassing former President Donald Trump’s massive number of 234 lifetime federal judges in his first term. However, in exchange for the GOP clearing the path for nine district court nominees, Schumer agreed not to try to confirm any of Biden’s remaining nominees to appeals courts, which are more powerful seats. There are four appeals court nominees ready for Senate votes, but they haven’t moved in months and face stronger opposition from Republicans. Schumer’s office said that Wednesday’s bipartisan deal allowed Democrats to focus their energy on nominations where they were set up to win, and that the appeals court picks didn’t have the votes to prevail anyway. “ The trade was four circuit nominees — all lacking the votes to get confirmed — for more than triple the number of additional judges moving forward,” a Schumer spokesperson said. Biden’s appeals court picks whose nominations are now officially dead because of this deal are Adeel Mangi, nominee to the U.S. Court of Appeals for the 3rd Circuit; Karla Campbell, nominee to the U.S. Court of Appeals for the 6th Circuit; Julia Lipez, U.S. Court of Appeals for the 1st Circuit; and Ryan Park, U.S. Court of Appeals for the 4th Circuit. This agreement is not sitting well with progressive judicial advocacy groups. “Any deal that would result in President Biden’s four remaining circuit court nominees being denied a vote is categorically unacceptable,” Maggie Jo Buchanan, managing director of Demand Justice , said in a statement. “These are critical seats that have real impacts on everyday Americans ― we cannot allow Trump to fill them with radical extremists.” “If Democratic Senators are already rolling over this easily while they still have power, we are in for trouble when Trump actually assumes office,” she said. “Abandoning efforts to confirm pending Circuit Court nominees is unacceptable,” Svante Myrick, president of People For the American Way , said in a statement. “Each of these nominees will protect people’s fundamental rights ― exactly the opposite of Trump’s present and future judges. And as appeals court judges, they would have significantly more impact on justice for all, compared with trial court judges.” Lena Zwarensteyn, senior director of the fair courts program at the Leadership Conference on Civil and Human Rights , also denounced the judge deal. “When senators return from the holiday break, Leader Schumer and senators must do whatever it takes — for as long as it takes — to confirm every single pending judicial nominee, including all circuit court nominees, to provide an important guardrail for our democracy,” Zwarensteyn said. A White House spokesperson did not respond to a request for comment. Don't let this be the end of the free press. The free press is under attack — and America's future hangs in the balance. As other newsrooms bow to political pressure, HuffPost is not backing down. Would you help us keep our news free for all? We can't do it without you. Can't afford to contribute? Support HuffPost by creating a free account and log in while you read. You've supported HuffPost before, and we'll be honest — we could use your help again . We view our mission to provide free, fair news as critically important in this crucial moment, and we can't do it without you. Whether you give once or many more times, we appreciate your contribution to keeping our journalism free for all. You've supported HuffPost before, and we'll be honest — we could use your help again . We view our mission to provide free, fair news as critically important in this crucial moment, and we can't do it without you. Whether you give just one more time or sign up again to contribute regularly, we appreciate you playing a part in keeping our journalism free for all. Already contributed? Log in to hide these messages. Schumer has been aggressively confirming Biden’s judges in the lame-duck period, to the point where Republicans are complaining about some of their GOP colleagues being absent for all these votes, thereby making it easier for Democrats to rack up wins. One of the Republican senators who’s been missing for these votes is Vice President-elect JD Vance. He’s still an Ohio senator, but he tweeted on Tuesday that he’s too busy to pitch in with Senate business because he’s doing more important things, like helping Trump pick a new FBI director. As it turned out, Vance screwed up by revealing this, since he inadvertently confirmed that Trump is planning to fire current FBI Director Chris Wray when he takes office. Vance also seemed to incur Trump’s indirect wrath for not being in the Senate to try to slow Democrats’ rapid-fire confirmations of Biden’s judges. “The Democrats are trying to stack the Courts with Radical Left Judges on their way out the door,” the president-elect bellowed on social media Tuesday. “Republican Senators need to Show Up and Hold the Line — No more Judges confirmed before Inauguration Day!” Hours later, Vance was back in the Senate, voting against one of Biden’s nominees to an Oregon federal court. And his tweet was deleted. Related From Our Partner5G IoT Market Growth: USD 12.96B in 2023 to USD 136.18B by 2031 11-25-2024 09:30 PM CET | IT, New Media & Software Press release from: SkyQuest Technology Group 5G IoT Market Market Scope: Key Insights : 5G IoT Market size was valued at USD 8.53 Billion in 2022 and is poised to grow from USD 12.96 Billion in 2023 to USD 136.18 Billion by 2031, growing at a CAGR of 34.12% in the forecast period (2024-2031). Discover Your Competitive Edge with a Free Sample Report : https://www.skyquestt.com/sample-request/5g-iot-market Access the full 2024 Market report for a comprehensive understanding @ https://www.skyquestt.com/report/5g-iot-market In-Depth Exploration of the global 5G IoT Market Market: This report offers a thorough exploration of the global 5G IoT Market market, presenting a wealth of data that has been meticulously researched and analyzed. It identifies and examines the crucial market drivers, including pricing strategies, competitive landscapes, market dynamics, and regional growth trends. By outlining how these factors impact overall market performance, the report provides invaluable insights for stakeholders looking to navigate this complex terrain. Additionally, it features comprehensive profiles of leading market players, detailing essential metrics such as production capabilities, revenue streams, market value, volume, market share, and anticipated growth rates. This report serves as a vital resource for businesses seeking to make informed decisions in a rapidly evolving market. Trends and Insights Leading to Growth Opportunities The best insights for investment decisions stem from understanding major market trends, which simplify the decision-making process for potential investors. The research strives to discover multiple growth opportunities that readers can evaluate and potentially capitalize on, armed with all relevant data. Through a comprehensive assessment of important growth factors, including pricing, production, profit margins, and the value chain, market growth can be more accurately forecast for the upcoming years. Top Firms Evaluated in the Global 5G IoT Market Market Research Report: Nokia Corporation ZTE Corporation Vodafone Limited Microsoft Corporation AT&T Inc. Deutsche Telekom IoT GmbH Intel Corporation Cisco Systems, Inc. Telefonaktiebolaget LM Ericsson Sequans Communications SIMCom Wireless Solutions Limited Verizon Communications Inc. Quectel Wireless Solutions Co. Ltd. T-Mobile US Inc. Sierra Wireless S.A. Bell Canada u-blox Holding AG Samsung Electronics Co. Ltd. Mavenir Systems Inc. Qualcomm Technologies Inc. Key Aspects of the Report: Market Summary: The report includes an overview of products/services, emphasizing the global 5G IoT Market market's overall size. It provides a summary of the segmentation analysis, focusing on product/service types, applications, and regional categories, along with revenue and sales forecasts. Competitive Analysis: This segment presents information on market trends and conditions, analyzing various manufacturers. It includes data regarding average prices, as well as revenue and sales distributions for individual players in the market. Business Profiles: This chapter provides a thorough examination of the financial and strategic data for leading players in the global 5G IoT Market market, covering product/service descriptions, portfolios, geographic reach, and revenue divisions. Sales Analysis by Region: This section provides data on market performance, detailing revenue, sales, and market share across regions. It also includes projections for sales growth rates and pricing strategies for each regional market, such as: North America: United States, Canada, and Mexico Europe: Germany, France, UK, Russia, and Italy Asia-Pacific: China, Japan, Korea, India, and Southeast Asia South America: Brazil, Argentina, Colombia, etc. Middle East and Africa: Saudi Arabia, UAE, Egypt, Nigeria, and South Africa This in-depth research study has the capability to tackle a range of significant questions that are pivotal for understanding the market dynamics, and it specifically aims to answer the following key inquiries: How big could the global 5G IoT Market market become by the end of the forecast period? Let's explore the exciting possibilities! Will the current market leader in the global 5G IoT Market segment continue to hold its ground, or is change on the horizon? Which regions are poised to experience the most explosive growth in the 5G IoT Market market? Discover where the future opportunities lie! 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To establish the important thing traits, Ask Our Experts @ https://www.skyquestt.com/speak-with-analyst/5g-iot-market Table of Contents Chapter 1 Industry Overview 1.1 Definition 1.2 Assumptions 1.3 Research Scope 1.4 Market Analysis by Regions 1.5 Market Size Analysis from 2023 to 2030 11.6 COVID-19 Outbreak: Medical Computer Cart Industry Impact Chapter 2 Competition by Types, Applications, and Top Regions and Countries 2.1 Market (Volume and Value) by Type 2.3 Market (Volume and Value) by Regions Chapter 3 Production Market Analysis 3.1 Worldwide Production Market Analysis 3.2 Regional Production Market Analysis Chapter 4 Medical Computer Cart Sales, Consumption, Export, Import by Regions (2023-2023) Chapter 5 North America Market Analysis Chapter 6 East Asia Market Analysis Chapter 7 Europe Market Analysis Chapter 8 South Asia Market Analysis Chapter 9 Southeast Asia Market Analysis Chapter 10 Middle East Market Analysis Chapter 11 Africa Market Analysis Chapter 12 Oceania Market Analysis Chapter 13 Latin America Market Analysis Chapter 14 Company Profiles and Key Figures in Medical Computer Cart Business Chapter 15 Market Forecast (2023-2030) Chapter 16 Conclusions Address: 1 Apache Way, Westford, Massachusetts 01886 Phone: USA (+1) 351-333-4748 Email: sales@skyquestt.com About Us: SkyQuest Technology is leading growth consulting firm providing market intelligence, commercialization and technology services. It has 450+ happy clients globally. This release was published on openPR.
WNBA star Kelsey Plum slams restaurant chain for making her sick READ MORE: A'ja Wilson slammed for claiming WNBA has toughest schedule By ERIC BLUM Published: 21:15, 25 November 2024 | Updated: 21:19, 25 November 2024 e-mail View comments Kelsey Plum took to social media to blame national restaurant chain, Jamba Juice, for making her sick over the weekend. The chain known for its creative smoothies apparently gave one to Plum that made her have diarrhea. The Las Vegas Aces point guard posted about her troubles to Instagram, with an image of a food-poisoning warning about the company that stated some of Jamba Juice's strawberries may contain a bacteria called Listeria. 'Peeps stay away.... I ordered double strawberries this weekend and my butt paying the price,' Plum said on her Instagram story. Jamba Juice has yet to publicly respond to the attention it is getting from Plum's troubles. Plum was a member of Team USA during the Summer Olympics , winning a gold medal. Plum took to social media to blame Jamba Juice for making her sick over the last few days Plum posted about the incident on social media alongside a warning about food poisoning Read More Shaquille O'Neal suggests huge WNBA rule change that will send ratings 'through the roof' Jamba Juice has over 850 locations nationwide and it is unclear which one Plum visited. It is also unclear which exact smoothie Plum ordered, as a few menu items contain strawberries. Plum has plenty of time to recover from his sickness before the new Unrivaled basketball league starts up. The former Washington Huskie will suit up for Laces BC as part of the inaugural 3-on-3 season. The WNBA season does not begin for several months as well, giving Plum plenty of time to get this sickness out of her system. WNBA Instagram Share or comment on this article: WNBA star Kelsey Plum slams restaurant chain for making her sick e-mail Add comment
Nov 17, 2024; Las Vegas, Nevada, USA; Washington Capitals left wing Alex Ovechkin (8) warms up before a game against the Vegas Golden Knights at T-Mobile Arena. Mandatory Credit: Stephen R. Sylvanie-Imagn Images/ File Photo Alex Ovechkin's chase of Wayne Gretzky's all-time NHL goal-scoring record is on pause as the Russian forward has a broken left fibula and is expected to miss four to six weeks, the Washington Capitals said on Thursday. Ovechkin, who is 27 goals away from breaking Hall of Famer Gretzky's record of 894 career goals, sustained the injury on Monday on a leg-to-leg collision with Utah Hockey Club forward Jack McBain. The 39-year-old Ovechkin entered the 2024-25 NHL season 42 goals shy of breaking Gretzky's all-time mark which was once considered unapproachable but made a fast start and has a league-leading 15 goals in his first 18 games. According to NHL.com, the absence will be the longest in the career of Ovechkin whose previous longest time out of action was when he missed six games due to an upper-body injury in 2009. REUTERS Join ST's Telegram channel and get the latest breaking news delivered to you. Read 3 articles and stand to win rewards Spin the wheel nowStock market today: Nvidia drags Wall Street from its records as oil and gold riseThe Biden administration, desperate to make an impact somewhere, anywhere, in its final, dying days, has struck again. Just around the time we learned that Biden was set to finally kill the Nippon Steel of US steel, we learned that a federal judge had also blocked supermarket giant Kroger from acquiring Albertsons, siding with that anti-M&A puppet of various outgoing socialist interests, Lina Khan, who said the $20 billion supermarket merger would erode competition and raise prices for consumers, when in reality it will only lead to more supermarket failures, fewer jobs and even higher prices for consumers. U.S. District Judge Adrienne Nelson agreed with the Federal Trade Commission’s argument that Kroger would become the dominant player in traditional supermarkets if allowed to add nearly 2,000 stores by taking over Albertsons, its smaller rival. Nelson rejected the companies’ counterargument that selling 579 stores to C&S Wholesale Grocers would replace the lost competition. “Evidence shows that defendants engage in substantial head-to-head competition and the proposed merger would remove that competition,” Nelson wrote in the ruling, clearly unaware that grocers have a less than 1% profit margin, or that a similar ruling blocked the Jetblue-Spirit merger less than a year ago, culminating with Spirit's bankruptcy, mass layoffs and even higher prices for those carriers who remained. The decision is a significant milestone for the FTC under the Biden administration, whose chair Lina Khan has waged legal battles to stop megadeals rather than accept companies’ proposed fixes to address competition concerns. For the companies, the decision is a major blow to a deal that executives have said is critical for competing against bigger retail powers like Walmart and Amazon. Attorneys for Kroger and Albertsons have previously said they would likely abandon the deal if the judge sided with the FTC. An FTC spokesman said the ruling “protects competition in the grocery market, which will prevent prices from rising even more.” As the WSJ reports, Kroger and Albertsons had both spent hundreds of millions of dollars on lawyers, bankers and other advisers since they announced the deal in October 2022, according to securities filings. If the deal is called off, Kroger has to pay Albertsons a $600 million breakup fee. Kroger is the biggest traditional U.S. supermarket operator by sales, representing about 9% of the grocery market, while Albertsons is the second-largest supermarket with 5% of American grocery sales. Both companies have been surpassed by megaretailer Walmart, which for decades has been the country’s biggest seller of groceries, and Costco’s grocery sales have nearly caught up to Kroger’s. The deal with Albertsons would have nearly doubled Kroger’s total store count, exceeding the scale of Walmart’s 3,500 supercenters. Rodney McMullen, Kroger’s longtime chief executive, had pledged to eventually invest $1 billion annually in lowering prices at the acquired Albertsons stores, where he said prices typically run 10% to 12% above a Kroger store. But FTC attorneys argued the deal would only give Kroger a reason to increase prices by removing a competitor. The FTC said the merger would result in excessive concentration of supermarket ownership in over 1,900 local markets across the country, far more than what the companies acknowledged. Kroger and Albertsons compete head to head for consumers in many markets, especially on the West Coast and in states such as Colorado and the city of Chicago. Nelson’s order granting the FTC a preliminary injunction doesn’t immediately kill the deal. The FTC and the parties could continue to litigate a separate case testing the legality of the merger in the agency’s in-house court. A trial before an FTC administrative law judge is scheduled for no sooner than Dec. 18. Kroger shares closed 5.1% higher, while Albertsons stock dropped 2.7%.Zelenskyy warns Nigeria, other African countries against missiles from Russia
Erling Haaland, Bukayo Saka and Lois Openda had tried and failed. Even Florian Wirtz looked like he might have found the task beyond him but then it got to Bayer Leverkusen time. It might not be Invincible season but this team never quite kicked its habit for late drama. Wirtz flicked one last cross in, the ball deflecting into towards the penalty spot. Nordi Mukiele had an inkling was his moment just as it had been Exequiel Palacios', Josip Stanisic's and Victor Boniface's (among many), last season. His overhead kick connected with fresh air but he still had the correct senses. Alex Grimaldo flicked the ball back in the mixer, Martin Terrier got nothing more than a heel on the ball, teeing it up perfectly for Mukiele to drive home. Over a near six-match clean sheet streak in the Champions League, Inter, once more some way from full strength, had largely quelled some of the best and brightest that European football had to throw at them. When they needed to ride their luck, they did so. When they needed a goalkeeper to come up big, Yann Sommer did just that but his save streak ended at 19 because all that counts for nothing up against Neverlusen. Of course, there is more to this win, one which propels Xabi Alonso's side into the top two, than vibes. Camp yourself in the final third for long enough and you'll give yourself the best chance possible of a break coming your way. It took a while for Leverkusen to break into the Inter penalty area with regularity but after all, it was their patience and probing that proved unbeatable for every team in Germany last year. They scored in the 90th minute because for the 89 before, they had been wearing their opponents down. When you know, in the way Leverkusen players last season came to believe with indescribable zealotry, that the goal is going to come, it tends to more often than for the non-believers. That 89-minute journey to victory, though. What a slog. How many first-half moves had to die at the hit-and-hope stage so that the ball might eventually pinball in Mukiele's direction? The turnovers came and the hosts had a matter of seconds to attack the defense before it was set, a back five shielded by three robust, experienced midfielders more than prepared to stick a boot in when required. This far but no further was the Inter gameplan. In terms of final third touches the first half of this contest was hugely imbalanced, 145 to 45 in favor of the Germans. Get into the danger zone and it becomes a little more balanced, 13 to Leverkusen, eight to Inter, who had the better of the close-range efforts. When Granit Xhaka and Alex Grimaldo hit the ball from range, it stays hit. Still, those are the chances you'd rather give up against any opponent. Come the second half, the vaguest of transition opportunities presented themselves to Leverkusen but invariably what was asked of them was to hit a precise through ball, on the run, past two or three bodies. Wirtz couldn't quite feed Palacios down the ever-shrinking alley between Sommer and Yann Aurel Bissek. Alessandro Bastoni was the epitome of composure as he flicked a Grimaldo pass to safety, Nathan Tella snapping at his heels. Eighteen minutes to play and Jeremie Frimpong fizzed a pass to Wirtz, finally in space in the penalty area. The ball sat up nicely for the volley off his first touch yet even when everything was executed with aplomb, a white shirt was across in time to blot out the shot. At the time it felt like nothing would break this excellent Inter rearguard. All the while though, the shots, the xG, the penalty box touches were drifting in Leverkusen's direction. Three times in the final quarter Wirtz had the space off the left flank to attack the area and shoot from just outside it. Then he chose differently, the three defenders that came his way unable to stop him from getting the ball back into the box. Federico Dimarco hurled himself at danger. A prostrate Bastoni flung out a leg. Nothing was stopping Mukiele. The Champions League had best get used to this. Three more points from two games should be enough to take the German champions through to the round of 16. The winter break will afford Alonso a chance to nurse his troops, perhaps even to strengthen his options to play in behind a returned Victor Boniface and Patrik Schick. This team may not be quite as dominant in the Bundesliga as they were last season but there is not a lot beyond that freak of a game against Liverpool that would suggest they ought to be discounted from contention. That touch of destiny seems to remain about Leverkusen, a team who can still turn their opponent's landmark moment into one for themselves, ideally at the last possible moment.
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TORONTO (AP) — The Utah Hockey Club said players were forced to walk to their game against the Maple Leafs after their bus got stuck in Toronto traffic Sunday night. The team posted a video on social media of team members walking to Scotiabank Arena, with player Maveric Lamoureux saying the bus was “not moving at all.” Several city streets had been closed during the day for the annual Santa Claus parade. The Maple Leafs earned their fourth consecutive win by defeating Utah 3-2. The viral incident prompted Ontario Premier Doug Ford to call the congestion “embarrassing” and “unacceptable,” highlighting his government’s plan to address the city’s gridlock through bike lane legislation. It wasn’t the first time a Toronto visitor had to ditch their vehicle to make it to an event on time. In June, former One Direction band member Niall Horan had to walk through traffic to get to his concert at Scotiabank Arena. AP NHL: https://apnews.com/hub/nhl
Oklahoma City Thunder @ Sacramento Kings Current Records: Oklahoma City 12-4, Sacramento 8-9 When: Monday, November 25, 2024 at 10 p.m. ET Where: Golden 1 Center -- Sacramento, California TV: NBATV Follow: CBS Sports App Online streaming: fuboTV (Try for free. Regional restrictions may apply.) Ticket Cost: $39.60 The Thunder are 2-8 against the Kings since December of 2021 but they'll have a chance to close the gap a little bit on Monday. The Oklahoma City Thunder are set to face off against the Sacramento Kings at 10:00 p.m. ET at Golden 1 Center with a little bit of extra rest. The Kings have the home-court advantage, but the Thunder are expected to win by 4.5 points. The Thunder are headed into this one after the oddsmakers set last week's over/under low at 222, but even that wound up being too high. They came out on top against the Trail Blazers by a score of 109-99 on Wednesday. The Thunder's success was spearheaded by the efforts of Jalen Williams, who went 11 for 19 en route to 30 points plus eight assists and seven rebounds, and Shai Gilgeous-Alexander, who had 28 points in addition to five rebounds and three steals. The matchup was Gilgeous-Alexander's sixth in a row with at least 30 points. Luguentz Dort, on the other hand, was considerably less helpful: he went 0-6 from deep. The Thunder smashed the offensive glass and finished the game with 15 offensive rebounds. That's the most offensive rebounds they've posted since back in May. Meanwhile, the Kings' recent rough patch got a bit rougher on Sunday after their third straight defeat. They fell to the Nets 108-103. Sacramento didn't live up to their potential and found themselves falling short of the advantage oddsmakers thought they had coming into the game. De'Aaron Fox put forth a good effort for the losing side as he went 10 for 16 en route to 31 points plus five assists and two steals. He has been hot , having posted 28 or more points the last six times he's played. Oklahoma City's win bumped their record up to 12-4. As for Sacramento, they now have a losing record at 8-9. The Thunder beat the Kings 112-105 in their previous meeting back in April. The rematch might be a little tougher for the Thunder since the squad won't have the home-court advantage this time around. We'll see if the change in venue makes a difference. Oklahoma City is a 4.5-point favorite against Sacramento, according to the latest NBA odds . The oddsmakers were right in line with the betting community on this one, as the game opened as a 4.5-point spread, and stayed right there. The over/under is 223.5 points. See NBA picks for every single game, including this one, from SportsLine's advanced computer model. Get picks now . Sacramento has won 8 out of their last 10 games against Oklahoma City. Apr 09, 2024 - Oklahoma City 112 vs. Sacramento 105 Feb 11, 2024 - Oklahoma City 127 vs. Sacramento 113 Dec 14, 2023 - Sacramento 128 vs. Oklahoma City 123 Nov 10, 2023 - Sacramento 105 vs. Oklahoma City 98 Feb 28, 2023 - Sacramento 123 vs. Oklahoma City 117 Feb 26, 2023 - Sacramento 124 vs. Oklahoma City 115 Jan 20, 2023 - Sacramento 118 vs. Oklahoma City 113 Feb 28, 2022 - Sacramento 131 vs. Oklahoma City 110 Feb 05, 2022 - Sacramento 113 vs. Oklahoma City 103 Dec 28, 2021 - Sacramento 117 vs. Oklahoma City 111
BROOMFIELD, Colo. , Dec. 9, 2024 /PRNewswire/ -- Vail Resorts, Inc. (NYSE: MTN) today reported results for the first quarter of fiscal 2025 ended October 31, 2024 , provided season pass sales results for the 2024/2025 season, updated fiscal 2025 net income attributable to Vail Resorts, Inc. guidance and reaffirmed fiscal 2025 Resort Reported EBITDA guidance, announced capital investment plans for calendar year 2025, declared a dividend payable in January 2025 , and announced first quarter share repurchases. Highlights Commenting on the Company's fiscal 2025 first quarter results, Kirsten Lynch , Chief Executive Officer, said, "Our first fiscal quarter historically operates at a loss, given that our North American and European mountain resorts are generally not open for ski season. The quarter's results were driven by winter operations in Australia and summer activities in North America , including sightseeing, dining, retail, lodging, and administrative expenses. "Resort Reported EBITDA was consistent with the prior year, driven by growth in our North American summer business from increased activities spending and lodging results. This growth was offset by a decline in Resort Reported EBITDA of $9 million compared to the prior year from our Australian resorts due to record low snowfall and lower demand, cost inflation, the inclusion of Crans-Montana, and approximately $2.7 million of one-time costs related to the two-year resource efficiency transformation plan and $0.9 million of acquisition and integration related expenses." Regarding the Company's resource efficiency transformation plan, Lynch said, "Vail Resorts continues to make progress on its two-year resource efficiency transformation plan, which was announced in our September 2024 earnings. The two-year Resource Efficiency Transformation Plan is designed to improve organizational effectiveness and scale for operating leverage as the Company grows globally. Through scaled operations, global shared services, and expanded workforce management, the Company expects $100 million in annualized cost efficiencies by the end of its 2026 fiscal year. We will provide updates as significant milestones are achieved." Turning to season pass results, Lynch said, "Our season pass sales highlight the compelling value proposition of our pass products and our commitment to continually investing in the guest experience at our resorts. Over the last four years, pass product sales for the 2024/2025 North American ski season have grown 59% in units and 47% in sales dollars. For the upcoming 2024/2025 North American ski season, pass product sales through December 3, 2024 decreased approximately 2% in units and increased approximately 4% in sales dollars as compared to the period in the prior year through December 4, 2023 . This year's results benefited from an 8% price increase, partially offset by unit growth among lower priced Epic Day Pass products. Pass product sales are adjusted to eliminate the impact of changes in foreign currency exchange rates by applying an exchange rate of $0.71 between the Canadian dollar and U.S. dollar in both periods for Whistler Blackcomb pass sales. For the period between September 21, 2024 and December 3, 2024 , pass product sales trends improved relative to pass product sales through September 20, 2024 , with unit growth of approximately 1% and sales dollars growth of approximately 7% as compared to the period in the prior year from September 23, 2023 through December 4, 2023 , due to expected renewal strength, which we believe reflects delayed decision making. "Our North American pass sales highlight strong loyalty with growth among renewing pass holders across all geographies. For the full selling season, the Company acquired a substantial number of new pass holders, however the absolute number of new guests was smaller compared to the prior year, driving the overall unit decline for the full selling season. New pass holders come from lapsed guests, prior year lift ticket guests, and new guests to our database. The Company achieved growth from lapsed guests, who previously purchased a pass or lift ticket but did not buy a pass or lift ticket in the previous season. The decline in new pass holders compared to the prior year was driven by fewer guests who purchased lift tickets in the past season and from guests who are completely new to our database, which we believe was impacted by last season's challenging weather and industry normalization. Epic Day Pass products achieved unit growth driven by the strength in renewing pass holders. We expect to have approximately 2.3 million guests committed to our 42 North American, Australian, and European resorts in advance of the season in non-refundable advance commitment products this year, which are expected to generate over $975 million of revenue and account for approximately 75% of all skier visits (excluding complimentary visits)." Lynch continued, "Heading into the 2024/2025 ski season, we are encouraged by our strong base of committed guests, providing meaningful stability for our Company. Additionally, early season conditions have allowed us to open some resorts earlier than anticipated, including Whistler Blackcomb, Heavenly, Northstar, Kirkwood, and Stevens Pass. Early season conditions have also enabled our Rockies resorts to open with significantly improved terrain relative to the prior year, including the opening of the legendary back bowls at Vail Mountain opening the earliest since 2018. Our resorts in the East are experiencing typical seasonal variability for this point in the year, with all resorts planned to open ahead of the holidays. We are continuing to hire for the winter season, and are on track with our staffing plans and have achieved a strong return rate of our frontline employees from the prior season. Lodging bookings at our U.S. resorts for the upcoming season are consistent with last year. At Whistler Blackcomb, lodging bookings for the full season are lagging prior year levels, which may reflect delayed decision making following challenging conditions in the prior year." Operating Results A more complete discussion of our operating results can be found within the Management's Discussion and Analysis of Financial Condition and Results of Operations section of the Company's Form 10-Q for the first fiscal quarter ended October 31, 2024 , which was filed today with the Securities and Exchange Commission. The following are segment highlights: Mountain Segment Lodging Segment Resort - Combination of Mountain and Lodging Segments Real Estate Segment Total Performance Outlook The Company's Resort Reported EBITDA guidance for the year ending July 31, 2025 is unchanged from the prior guidance provided on September 26, 2024 . The Company is updating its guidance for net income attributable to Vail Resorts, Inc., which it now expects to be between $240 million and $316 million , up from the prior guidance range of $224 million to $300 million . The primary difference is due to a $17 million increase from the gain on sale of real property related to the resolution of the October 2023 Eagle County District Court final ruling and valuation regarding the Town of Vail's condemnation of the Company's East Vail property that was planned for Vail Resorts' incremental affordable workforce housing project, a transaction that has been recorded as Real Estate Reported EBITDA. Additionally, the guidance is updated to include a decrease in expected interest expense of approximately $2 million which assumes that interest rates remain at current levels for the remainder of fiscal 2025. These changes have no impact on expected Resort Reported EBITDA. The Company continues to expect Resort Reported EBITDA for fiscal 2025 to be between $838 million and $894 million , including approximately $27 million of cost efficiencies and an estimated $15 million in one-time costs related to the multi-year resource efficiency transformation plan, and an estimated $1 million of acquisition and integration related expenses specific to Crans-Montana. As compared to fiscal 2024, the fiscal 2025 guidance includes the assumed benefit of a return to normal weather conditions after the challenging conditions in fiscal 2024, more than offset by a return to normal operating costs and the impact of the continued industry normalization, impacting demand. Additionally, the guidance reflects the negative impact from the record low snowfall and related shortened season in Australia in the first quarter of fiscal 2025, which negatively impacted demand and resulted in a $9 million decline of Resort Reported EBITDA compared to the prior year period. After considering these items, we expect Resort Reported EBITDA to grow from price increases and ancillary spending, the resource efficiency transformation plan, and the addition of Crans-Montana for the full year. The guidance also assumes (1) a continuation of the current economic environment, (2) normal weather conditions for the 2024/2025 North American and European ski season and the 2025 Australian ski season, and (3) the foreign currency exchange rates as of our original fiscal 2025 guidance issued September 26, 2024 . Foreign currency exchange rates have experienced recent volatility. Relative to the current guidance, if the currency exchange rates as of yesterday, December 8, 2024 of $0.71 between the Canadian Dollar and U.S. Dollar related to the operations of Whistler Blackcomb in Canada , $0.64 between the Australian Dollar and U.S. Dollar related to the operations of Perisher, Falls Creek and Hotham in Australia , and $1.14 between the Swiss Franc and U.S. Dollar related to the operations of Andermatt-Sedrun and Crans-Montana in Switzerland were to continue for the remainder of the fiscal year, the Company expects this would have an impact on fiscal 2025 guidance of approximately negative $5 million for Resort Reported EBITDA. The following table reflects the forecasted guidance range for the Company's fiscal year ending July 31, 2025 for Total Reported EBITDA (after stock-based compensation expense) and reconciles net income attributable to Vail Resorts, Inc. guidance to such Total Reported EBITDA guidance. Fiscal 2025 Guidance (In thousands) For the Year Ending July 31, 2025 (6) Low End High End Range Range Net income attributable to Vail Resorts, Inc. $ 240,000 $ 316,000 Net income attributable to noncontrolling interests 23,000 17,000 Net income 263,000 333,000 Provision for income taxes (1) 91,000 115,000 Income before income taxes 354,000 448,000 Depreciation and amortization 295,000 279,000 Interest expense, net 174,000 166,000 Other (2) 21,000 13,000 Total Reported EBITDA $ 844,000 $ 906,000 Mountain Reported EBITDA (3) $ 818,000 $ 872,000 Lodging Reported EBITDA (4) 16,000 26,000 Resort Reported EBITDA (5) 838,000 894,000 Real Estate Reported EBITDA 6,000 12,000 Total Reported EBITDA $ 844,000 $ 906,000 (1) The provision for income taxes may be impacted by excess tax benefits primarily resulting from vesting and exercises of equity awards. Our estimated provision for income taxes does not include the impact, if any, of unknown future exercises of employee equity awards, which could have a material impact given that a significant portion of our awards may be in-the-money depending on the current value of the stock price. (2) Our guidance includes certain forward looking known changes in the fair value of the contingent consideration based solely on the passage of time and resulting impact on present value. Guidance excludes any forward looking change based upon, among other things, financial projections including long-term growth rates for Park City, which such change may be material. Separately, the intercompany loan associated with the Whistler Blackcomb transaction requires foreign currency remeasurement to Canadian dollars, the functional currency of Whistler Blackcomb. Our guidance excludes any forward looking change related to foreign currency gains or losses on the intercompany loans, which such change may be material. Additionally, our guidance excludes the impact of any future sales or disposals of land or other assets which are contingent upon future approvals or other outcomes. (3) Mountain Reported EBITDA also includes approximately $25 million of stock-based compensation. (4) Lodging Reported EBITDA also includes approximately $4 million of stock-based compensation. (5) The Company provides Reported EBITDA ranges for the Mountain and Lodging segments, as well as for the two combined. The low and high of the expected ranges provided for the Mountain and Lodging segments, while possible, do not sum to the high or low end of the Resort Reported EBITDA range provided because we do not expect or assume that we will hit the low or high end of both ranges. (6) Guidance estimates are predicated on an exchange rate of $0.74 between the Canadian dollar and U.S. dollar, related to the operations of Whistler Blackcomb in Canada; an exchange rate of $0.67 between the Australian dollar and U.S. dollar, related to the operations of our Australian ski areas; and an exchange rate of $1.18 between the Swiss franc and U.S. dollar, related to the operations of Andermatt-Sedrun and Crans-Montana in Switzerland. Liquidity and Return of Capital As of October 31, 2024 , the Company's total liquidity as measured by total cash plus revolver availability was approximately $1,024 million . This includes $404 million of cash on hand, $407 million of U.S. revolver availability under the Vail Holdings Credit Agreement, and $213 million of revolver availability under the Whistler Credit Agreement. As of October 31, 2024 , the Company's Net Debt was 2.8 times its trailing twelve months Total Reported EBITDA. Regarding the return of capital to shareholders, the Company declared a quarterly cash dividend of $2.22 per share of Vail Resorts' common stock payable on January 9, 2025 to shareholders of record as of December 26 , 2024. In addition, the Company repurchased approximately 0.1 million shares during the quarter at an average price of approximately $174 for a total of $20 million . The Company has 1.6 million shares remaining under its authorization for share repurchases. Commenting on capital allocation, Lynch said, "We will continue to be disciplined stewards of our shareholders' capital, prioritizing investments in our guest and employee experience, high-return capital projects, strategic acquisition opportunities, and returning capital to our shareholders. The Company has a strong balance sheet and remains focused on returning capital to shareholders while always prioritizing the long-term value of our shares." Capital Investments Vail Resorts is committed to enhancing the guest experience and supporting the Company's growth strategies through significant capital investments. For calendar year 2025, the Company plans to invest approximately $198 million to $203 million in core capital, before $45 million of growth capital investments at its European resorts, including $41 million at Andermatt-Sedrun and $4 million at Crans-Montana, and $6 million of real estate related capital projects to complete multi-year transformational investments at the key base area portals of Breckenridge Peak 8 and Keystone River Run, and planning investments to support the development of the West Lionshead area into a fourth base village at Vail Mountain. Including European growth capital investments, and real estate related capital, the Company plans to invest approximately $249 million to $254 million in calendar year 2025. Projects in the calendar year 2025 capital plan described herein remain subject to approvals. In calendar year 2025, the Company will embark on two multi-year transformational investment plans at Park City Mountain and Vail Mountain. In addition to embarking on two multi-year transformational investment plans, the Company is planning significant investments across the guest experience in calendar year 2025, including: In addition to the investments planned for calendar year 2025, the Company is completing significant investments that will enhance the guest experience for the upcoming 2024/2025 North American and European ski season. As previously announced, the Company expects its capital plan for calendar year 2024 to be approximately $189 million to $194 million , excluding $13 million of incremental capital investments in premium fleet and fulfillment infrastructure to support the official launch of My Epic Gear for the 2024/2025 winter season at 12 destination and regional resorts across North America , $7 million of growth capital investments at Andermatt-Sedrun, $2 million of maintenance and $2 million of integration investments at Crans-Montana, and $3 million of reimbursable capital. Including these one-time investments, the Company's total capital plan for calendar year 2024 is now expected to be approximately $216 million to $221 million . Earnings Conference Call The Company will conduct a conference call today at 5:00 p.m. eastern time to discuss the financial results. The call will be webcast and can be accessed at www.vailresorts.com in the Investor Relations section, or dial (800) 579-2543 (U.S. and Canada ) or +1 (785) 424-1789 (international). The conference ID is MTNQ125. A replay of the conference call will be available two hours following the conclusion of the conference call through December 16, 2024 , at 11:59 p.m. eastern time . To access the replay, dial (800) 753-9146 (U.S. and Canada ) or +1 (402) 220-2705 (international). The conference call will also be archived at www.vailresorts.com . About Vail Resorts, Inc. (NYSE: MTN) Vail Resorts is a network of the best destination and close-to-home ski resorts in the world including Vail Mountain, Breckenridge , Park City Mountain, Whistler Blackcomb, Stowe, and 32 additional resorts across North America ; Andermatt-Sedrun and Crans-Montana Mountain Resort in Switzerland ; and Perisher, Hotham, and Falls Creek in Australia . We are passionate about providing an Experience of a Lifetime to our team members and guests, and our EpicPromise is to reach a zero net operating footprint by 2030, support our employees and communities, and broaden engagement in our sport. Our company owns and/or manages a collection of elegant hotels under the RockResorts brand, a portfolio of vacation rentals, condominiums and branded hotels located in close proximity to our mountain destinations, as well as the Grand Teton Lodge Company in Jackson Hole, Wyo. Vail Resorts Retail operates more than 250 retail and rental locations across North America . Learn more about our company at www.VailResorts.com , or discover our resorts and pass options at www.EpicPass.com . Forward-Looking Statements Certain statements discussed in this press release and on the conference call, other than statements of historical information, are forward-looking statements within the meaning of the federal securities laws, including the statements regarding fiscal 2025 performance and the assumptions related thereto, including, but not limited to, our expected net income and Resort Reported EBITDA; our expectations regarding our liquidity; expectations related to our season pass products; our expectations regarding our ancillary lines of business; capital investment projects; our calendar year 2025 capital plan; our expectations regarding our resource efficiency transformation plan; and the payment of dividends. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. All forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. Such risks and uncertainties include but are not limited to risks related to a prolonged weakness in general economic conditions, including adverse effects on the overall travel and leisure related industries and our business and results of operations; risks associated with the effects of high or prolonged inflation, elevated interest rates and financial institution disruptions; unfavorable weather conditions or the impact of natural disasters or other unexpected events; the ultimate amount of refunds that we could be required to refund to our pass product holders for qualifying circumstances under our Epic Coverage program; the willingness or ability of our guests to travel due to terrorism, the uncertainty of military conflicts or public health emergencies, and the cost and availability of travel options and changing consumer preferences, discretionary spending habits; risks related to travel and airline disruptions, and other adverse impacts on the ability of our guests to travel; risks related to interruptions or disruptions of our information technology systems, data security or cyberattacks; risks related to our reliance on information technology, including our failure to maintain the integrity of our customer or employee data and our ability to adapt to technological developments or industry trends; our ability to acquire, develop and implement relevant technology offerings for customers and partners; the seasonality of our business combined with adverse events that may occur during our peak operating periods; competition in our mountain and lodging businesses or with other recreational and leisure activities; risks related to the high fixed cost structure of our business; our ability to fund resort capital expenditures, or accurately identify the need for, or anticipate the timing of certain capital expenditures; risks related to a disruption in our water supply that would impact our snowmaking capabilities and operations; our reliance on government permits or approvals for our use of public land or to make operational and capital improvements; risks related to resource efficiency transformation initiatives; risks related to federal, state, local and foreign government laws, rules and regulations, including environmental and health and safety laws and regulations; risks related to changes in security and privacy laws and regulations which could increase our operating costs and adversely affect our ability to market our products, properties and services effectively; potential failure to adapt to technological developments or industry trends regarding information technology; our ability to successfully launch and promote adoption of new products, technology, services and programs; risks related to our workforce, including increased labor costs, loss of key personnel and our ability to maintain adequate staffing, including hiring and retaining a sufficient seasonal workforce; our ability to successfully integrate acquired businesses, including their integration into our internal controls and infrastructure; our ability to successfully navigate new markets, including Europe , or that acquired businesses may fail to perform in accordance with expectations; a deterioration in the quality or reputation of our brands, including our ability to protect our intellectual property and the risk of accidents at our mountain resorts; risks related to scrutiny and changing expectations regarding our environmental, social and governance practices and reporting; risks associated with international operations, including fluctuations in foreign currency exchange rates where the Company has foreign currency exposure, primarily the Canadian and Australian dollars and the Swiss franc, as compared to the U.S. dollar; changes in tax laws, regulations or interpretations, or adverse determinations by taxing authorities; risks related to our indebtedness and our ability to satisfy our debt service requirements under our outstanding debt including our unsecured senior notes, which could reduce our ability to use our cash flow to fund our operations, capital expenditures, future business opportunities and other purposes; a materially adverse change in our financial condition; adverse consequences of current or future litigation and legal claims; changes in accounting judgments and estimates, accounting principles, policies or guidelines; and other risks detailed in the Company's filings with the Securities and Exchange Commission, including the "Risk Factors" section of the Company's Annual Report on Form 10-K for the fiscal year ended July 31, 2024 , which was filed on September 26, 2024 . All forward-looking statements attributable to us or any persons acting on our behalf are expressly qualified in their entirety by these cautionary statements. All guidance and forward-looking statements in this press release are made as of the date hereof and we do not undertake any obligation to update any forecast or forward-looking statements whether as a result of new information, future events or otherwise, except as may be required by law. Statement Concerning Non-GAAP Financial Measures When reporting financial results, we use the terms Resort Reported EBITDA, Total Reported EBITDA, Resort EBITDA Margin, Net Debt and Net Real Estate Cash Flow, which are not financial measures under accounting principles generally accepted in the United States of America ("GAAP"). Resort Reported EBITDA, Total Reported EBITDA, Resort EBITDA Margin, Net Debt and Net Real Estate Cash Flow should not be considered in isolation or as an alternative to, or substitute for, measures of financial performance or liquidity prepared in accordance with GAAP. In addition, we report segment Reported EBITDA (i.e. Mountain, Lodging and Real Estate), the measure of segment profit or loss required to be disclosed in accordance with GAAP. Accordingly, these measures may not be comparable to similarly-titled measures of other companies. Additionally, with respect to discussion of impacts from currency, the Company calculates the impact by applying current period foreign exchange rates to the prior period results, as the Company believes that comparing financial information using comparable foreign exchange rates is a more objective and useful measure of changes in operating performance. Reported EBITDA (and its counterpart for each of our segments) has been presented herein as a measure of the Company's performance. The Company believes that Reported EBITDA is an indicative measurement of the Company's operating performance, and is similar to performance metrics generally used by investors to evaluate other companies in the resort and lodging industries. The Company defines Resort EBITDA Margin as Resort Reported EBITDA divided by Resort net revenue. The Company believes Resort EBITDA Margin is an important measurement of operating performance. The Company believes that Net Debt is an important measurement of liquidity as it is an indicator of the Company's ability to obtain additional capital resources for its future cash needs. Additionally, the Company believes Net Real Estate Cash Flow is important as a cash flow indicator for its Real Estate segment. See the tables provided in this release for reconciliations of our measures of segment profitability and non-GAAP financial measures to the most directly comparable GAAP financial measures. Vail Resorts, Inc. Consolidated Condensed Statements of Operations (In thousands, except per share amounts) (Unaudited) Three Months Ended October 31, 2024 2023 Net revenue: Mountain and Lodging services and other $ 187,050 $ 182,834 Mountain and Lodging retail and dining 73,162 71,442 Resort net revenue 260,212 254,276 Real Estate 63 4,289 Total net revenue 260,275 258,565 Segment operating expense: Mountain and Lodging operating expense 266,264 255,576 Mountain and Lodging retail and dining cost of products sold 28,947 31,295 General and administrative 106,857 108,025 Resort operating expense 402,068 394,896 Real Estate operating expense 1,491 5,181 Total segment operating expense 403,559 400,077 Other operating (expense) income: Depreciation and amortization (71,633) (66,728) Gain on sale of real property 16,506 6,285 Change in estimated fair value of contingent consideration (2,079) (3,057) Loss on disposal of fixed assets and other, net (1,529) (2,043) Loss from operations (202,019) (207,055) Mountain equity investment income, net 2,151After Trump’s win, Black women are rethinking their role as America’s reliable political organizers
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AKRON, Ohio--(BUSINESS WIRE)--Nov 21, 2024-- Myers Industries Inc. (NYSE: MYE), a leading manufacturer of a wide range of polymer and metal products and distributor for the tire, wheel and under-vehicle service industry (the “Company” or “Myers”), today announced that its Board of Directors (the “Board”) has appointed Aaron M. Schapper as the Company’s new President and Chief Executive Officer, effective January 1, 2025. Mr. Schapper will succeed Dave Basque, who has been serving as Myers’ Interim President and CEO since September 9, 2024, and who will return to his role as Vice President, Special Projects. Mr. Schapper will also join the Board in January. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241121687085/en/ Aaron Schapper (Photo: Business Wire) Mr. Schapper brings to Myers significant experience leading global industrial businesses. For the past eight years, he has served in a variety of senior leadership roles at Valmont Industries Inc. (NYSE: VMI), a leading manufacturer and global provider of equipment and technology solutions for infrastructure and agriculture markets. During his tenure at Valmont, Mr. Schapper led each of its business divisions and served as Chief Strategy Officer and Group President of Agriculture from July 2023 through May 2024. Previously, Mr. Schapper served as Valmont’s Group President of Infrastructure and Group President of Utility Support Structures. Prior to Valmont, Mr. Schapper served as General Manager at Orbit Irrigation Products Inc., based in Shanghai, China. “We are excited to welcome Aaron to Myers,” said F. Jack Liebau Jr., Chairman of the Board. “His appointment is the result of a comprehensive search process that attracted many outstanding candidates, and we are pleased that Aaron has agreed to join Myers to lead our next phase of growth. Throughout his career, Aaron has demonstrated his ability to build and manage high performing businesses, which makes him the ideal leader to drive our business forward.” Mr. Liebau continued, “I also want to thank Dave Basque for his leadership as Interim President and CEO and his continued dedication to the Company during this time of transition.” Mr. Schapper commented, “I am grateful to be named Myers’ President and Chief Executive Officer at this important inflection point for the Company. I am confident we can accelerate Myers’ ongoing transformation, further hone our strategic focus, capitalize on demand recovery and growth opportunities, and capture productivity and efficiency gains throughout the organization.” About Aaron Schapper Aaron Schapper, age 51, has served as Group President of Agriculture and Chief Strategy Officer of Valmont Industries Inc. (NYSE: VMI), a global leader that provides vital infrastructure and advances agricultural productivity while driving innovation through technology, since July 2023. Previously, Mr. Schapper served as Valmont’s Group President of Infrastructure from February 2020 to July 2023 where he was able to lead significant growth and profitability in Valmont’s largest segment. Prior to that, Mr. Schapper was the Group President of Utility Support Structures from October 2016 to February 2020. Prior to Valmont, from 2007 to 2020, he served as General Manager of Orbit Irrigation Products Inc., based in Shanghai, where he was responsible for acquisitions and the establishment of the company's green-field manufacturing sites in Ningbo, China, and Taipei, Taiwan. From 2002 to 2007, Mr. Schapper served as a design and manufacturing engineer at Orbit Irrigation USA. Mr. Schapper has two bachelor’s degrees from the University of Utah, in Mechanical Engineering and Mandarin Chinese, and a joint MBA from Northwestern University’s Kellogg School of Management and Hong Kong University of Science and Technology. About Myers Industries Myers Industries Inc., based in Akron, Ohio, is a manufacturer of sustainable plastic and metal products for industrial, agricultural, automotive, commercial, and consumer markets. The Company is also the largest distributor of tools, equipment and supplies for the tire, wheel, and under-vehicle service industry in the United States. Visit www.myersindustries.com to learn more. Caution on Forward-Looking Statements Statements in this release include contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, including information regarding the Company’s financial outlook, future plans, objectives, business prospects and anticipated financial performance. Forward-looking statements can be identified by words such as "will," "believe," "anticipate," "expect," "estimate," "intend," "plan," or variations of these words, or similar expressions. These forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on the Company’s current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, these statements inherently involve a wide range of inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. The Company’s actual actions, results, and financial condition may differ materially from what is expressed or implied by the forward-looking statements. Specific factors that could cause such a difference on our business, financial position, results of operations and/or liquidity include, without limitation, raw material availability, increases in raw material costs, or other production costs; risks associated with our strategic growth initiatives or the failure to achieve the anticipated benefits of such initiatives; unanticipated downturn in business relationships with customers or their purchases; competitive pressures on sales and pricing; changes in the markets for the Company’s business segments; changes in trends and demands in the markets in which the Company competes; operational problems at our manufacturing facilities or unexpected failures at those facilities; future economic and financial conditions in the United States and around the world; inability of the Company to meet future capital requirements; claims, litigation and regulatory actions against the Company; changes in laws and regulations affecting the Company; unforeseen events, including natural disasters, unusual or severe weather events and patterns, public health crises, geopolitical crises, and other catastrophic events; and other risks and uncertainties detailed from time to time in the Company’s filings with the SEC, including without limitation, the risk factors disclosed in Item 1A, "Risk Factors," in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023. Given these factors, as well as other variables that may affect our operating results, readers should not rely on forward-looking statements, assume that past financial performance will be a reliable indicator of future performance, nor use historical trends to anticipate results or trends in future periods. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date thereof. The Company expressly disclaims any obligation or intention to provide updates to the forward-looking statements and the estimates and assumptions associated with them. M-INV View source version on businesswire.com : https://www.businesswire.com/news/home/20241121687085/en/ Meghan Beringer, Senior Director Investor Relations, 252-536-5651 KEYWORD: OHIO UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: AUTOMOTIVE MANUFACTURING SUPPLY CHAIN MANAGEMENT AUTOMOTIVE MANUFACTURING TRUCKING TRANSPORT GENERAL AUTOMOTIVE RETAIL LOGISTICS/SUPPLY CHAIN MANAGEMENT PACKAGING CHEMICALS/PLASTICS SOURCE: Myers Industries, Inc. Copyright Business Wire 2024. PUB: 11/21/2024 04:00 PM/DISC: 11/21/2024 04:00 PM http://www.businesswire.com/news/home/20241121687085/enErling Haaland, Bukayo Saka and Lois Openda had tried and failed. Even Florian Wirtz looked like he might have found the task beyond him but then it got to Bayer Leverkusen time. It might not be Invincible season but this team never quite kicked its habit for late drama. Wirtz flicked one last cross in, the ball deflecting into towards the penalty spot. Nordi Mukiele had an inkling was his moment just as it had been Exequiel Palacios', Josip Stanisic's and Victor Boniface's (among many), last season. His overhead kick connected with fresh air but he still had the correct senses. Alex Grimaldo flicked the ball back in the mixer, Martin Terrier got nothing more than a heel on the ball, teeing it up perfectly for Mukiele to drive home. Over a near six-match clean sheet streak in the Champions League, Inter, once more some way from full strength, had largely quelled some of the best and brightest that European football had to throw at them. When they needed to ride their luck, they did so. When they needed a goalkeeper to come up big, Yann Sommer did just that but his save streak ended at 19 because all that counts for nothing up against Neverlusen. Of course, there is more to this win, one which propels Xabi Alonso's side into the top two, than vibes. Camp yourself in the final third for long enough and you'll give yourself the best chance possible of a break coming your way. It took a while for Leverkusen to break into the Inter penalty area with regularity but after all, it was their patience and probing that proved unbeatable for every team in Germany last year. They scored in the 90th minute because for the 89 before, they had been wearing their opponents down. When you know, in the way Leverkusen players last season came to believe with indescribable zealotry, that the goal is going to come, it tends to more often than for the non-believers. That 89-minute journey to victory, though. What a slog. How many first-half moves had to die at the hit-and-hope stage so that the ball might eventually pinball in Mukiele's direction? The turnovers came and the hosts had a matter of seconds to attack the defense before it was set, a back five shielded by three robust, experienced midfielders more than prepared to stick a boot in when required. This far but no further was the Inter gameplan. In terms of final third touches the first half of this contest was hugely imbalanced, 145 to 45 in favor of the Germans. Get into the danger zone and it becomes a little more balanced, 13 to Leverkusen, eight to Inter, who had the better of the close-range efforts. When Granit Xhaka and Alex Grimaldo hit the ball from range, it stays hit. Still, those are the chances you'd rather give up against any opponent. Come the second half, the vaguest of transition opportunities presented themselves to Leverkusen but invariably what was asked of them was to hit a precise through ball, on the run, past two or three bodies. Wirtz couldn't quite feed Palacios down the ever-shrinking alley between Sommer and Yann Aurel Bissek. Alessandro Bastoni was the epitome of composure as he flicked a Grimaldo pass to safety, Nathan Tella snapping at his heels. Eighteen minutes to play and Jeremie Frimpong fizzed a pass to Wirtz, finally in space in the penalty area. The ball sat up nicely for the volley off his first touch yet even when everything was executed with aplomb, a white shirt was across in time to blot out the shot. At the time it felt like nothing would break this excellent Inter rearguard. All the while though, the shots, the xG, the penalty box touches were drifting in Leverkusen's direction. Three times in the final quarter Wirtz had the space off the left flank to attack the area and shoot from just outside it. Then he chose differently, the three defenders that came his way unable to stop him from getting the ball back into the box. Federico Dimarco hurled himself at danger. A prostrate Bastoni flung out a leg. Nothing was stopping Mukiele. The Champions League had best get used to this. Three more points from two games should be enough to take the German champions through to the round of 16. The winter break will afford Alonso a chance to nurse his troops, perhaps even to strengthen his options to play in behind a returned Victor Boniface and Patrik Schick. This team may not be quite as dominant in the Bundesliga as they were last season but there is not a lot beyond that freak of a game against Liverpool that would suggest they ought to be discounted from contention. That touch of destiny seems to remain about Leverkusen, a team who can still turn their opponent's landmark moment into one for themselves, ideally at the last possible moment.Utah Hockey Club walks to arena after bus gets stuck in Toronto traffic