Copart Reports Fourth Quarter Fiscal 2023 Financial Results
DALLAS–(BUSINESS WIRE)–Copart, Inc. (NASDAQ: CPRT) today reported financial results for the quarter and year ended July 31, 2023. For the three months ended July 31, 2023, revenue, gross profit, and net income were $997.6 million, $457.6 million, and $347.8 million, respectively. These represent an increase in revenue of $114.2 million, or 12.9%; an increase in […]
Manitex International Provides Business Update, Introduces Full-year 2023 Guidance
BRIDGEVIEW, Ill.–(BUSINESS WIRE)– “The strategic actions introduced earlier this year have positioned us to build a more competitive, efficient platform for profitable growth,” stated Michael Coffey, CEO of Manitex. “Demand trends have remained favorable in our key end markets, and we have steadily grown market share across our product lines, allowing us to generate historically […]
Rockwell Automation and Infinitum Announce Agreement to Make High-Efficiency Low Voltage Drives and Motors Available for Energy-Intensive Industrial Applications
Partnership will deliver market-leading integrated drives and motors giving manufacturers the ability to deliver sustainable outcomes with less consumed energy, raw materials, and waste MILWAUKEE–(BUSINESS WIRE)– As companies grow more energy conscious and look to reduce greenhouse gas emissions, variable frequency drives (VFDs) with high-efficiency motors have increasingly come into focus. According to the International […]
AESC Celebrates Structural Completion Milestone at State-of-the-Art Gigafactory in Bowling Green
BOWLING GREEN, Ky.–(BUSINESS WIRE)–AESC, a global leader in the development and manufacturing of high-performance batteries for electric vehicles and energy storage systems, along with Kentucky Governor Andy Beshear, helped place the last piece of structural steel on its 1.6 million square foot facility in Bowling Green today. This “Topping Out” ceremony marks a significant milestone […]
Oshkosh Corporation Named One of the World’s Most Trustworthy Companies for 2023 by Newsweek
OSHKOSH, Wis.–(BUSINESS WIRE)– “We are extremely honored to be recognized by Newsweek as one of the World’s Most Trustworthy Companies,” said John Pfeifer, president and chief executive officer of Oshkosh Corporation. “As an industrial technology company, we have spent more than a century doing business the right way. This recognition supports our purpose of making […]
Transmute Successfully Concludes US CBP Steel Tech Demo, Featuring Participation from Major Commercial Brands
Late August witnessed a transformative showcase of Transmute’s Verifiable Data Platform (VDP) for enhancing trade security, regulatory compliance, and supply chain visibility. AUSTIN, Texas–(BUSINESS WIRE)–#data—Transmute, a leader in supply chain data management and visibility solutions, announced the successful conclusion of its technology test with United States Customs and Border Protection (US CBP). Major commercial participants […]
300mA Output Automotive-Compliant LDOs from Diodes Incorporated with Power Good Support Off-Battery Point-of-Load
PLANO, Texas–(BUSINESS WIRE)–Diodes Incorporated (Diodes) (Nasdaq: DIOD) today broadens its portfolio of automotive-compliant low dropout (LDO) voltage regulators, introducing two device series. The AP7583AQ and AP7583Q series both have 300mA maximum output current and 320mV dropout voltages. These LDOs are highly suited for battery-connected automotive applications. They are aimed at supporting the microelectronics hardware used […]
Volato Announces Strategic Reorganization to Fuel Sustained Growth and Business Maturity
Keith Rabin promoted to President of Volato; will lead new Commercial Team ATLANTA–(BUSINESS WIRE)–In a move that underscores its pace of growth and strategic foresight, Volato, one of the fastest-growing private aviation companies in the United States, today announced a reorganization of its leadership team. This action is being taken just two years after the […]
Orbee Announces $4M Series A Funding from FM Capital and Prominent Dealership Groups with Financial Advisor Presidio Group
IRVINE, Calif.–(BUSINESS WIRE)–Orbee, Inc., a leading technology service provider for the automotive industry, announced the closing of its oversubscribed Series A financing round, which raised $4.0 million to drive growth of the company’s innovative platform for the auto retailing ecosystem including dealership groups and their technology and service providers. The Presidio Group acted as the […]
Tekion Unveils Enhanced AI Engine, Tekion AI, with Generative AI Capabilities in its Automotive Retail Cloud Platform
Roll out of first GPT based capability, Smart Communication, enhances dealer communication with car buyers PLEASANTON, Calif.–(BUSINESS WIRE)– Artificial Intelligence (AI) is rapidly evolving and there is a greater advantage for dealerships that implement AI and its range of technologies like ML, NLP, CV and GPT in their day-to-day operations. According to research by McKinsey, […]
