Latest news with #DanielShugar
CTV News
a day ago
- Climate
- CTV News
Predicting deadly rockfall would have been impossible, say geologists
Tourists walk around Bow Lake on Friday, June 20, 2025, near Bow Glacier Falls, seen in background, where a rock slide, light grey area on cliff face, killed two hikers and injured three more Thursday, north of Lake Louise, Alta., in Banff National Park. (THE CANADIAN PRESS/Jeff McIntosh) Geologists say it would have been impossible for Parks Canada to predict or prevent the massive rockfall that killed two people in Banff National Park on Thursday, with pressure building over many years released as hikers were below. University of Calgary Prof. Daniel Shugar says water from a lake above the cliff at Bow Glacier Falls had been seeping through rocks for decades and eventually provided enough force to dislodge a boulder, triggering the rockfall. He says the tragedy involved 'a bad confluence of events.' Davide Elmo, a mining engineering professor at the University of British Columbia, says Parks Canada can't predict rockfalls. He says the only thing officials can do is to tell the public about the risks when they enter an area that might be prone to them. He says that looking at a rock face from the outside doesn't show what's happening inside and working out exactly when a slide might occur is impossible to calculate. 'Some people might ask Parks Canada, why didn't do you anything about it,' said Elmo, who also has a degree in engineering geology and is an expert in rock mechanics. 'Well, that kind of rockfall cannot be stopped.' John J. Clague, an emeritus professor in Earth sciences at Simon Fraser University says that while it's easy to find evidence of rockfalls from the past, predicting where and when they will happen again is difficult. This report by The Canadian Press was first published June. 20, 2025. Nono Shen and Fakiha Baig, The Canadian Press
Yahoo
31-01-2025
- Business
- Yahoo
NEXTracker Inc (NXT) Q3 2025 Earnings Call Highlights: Record Backlog and Strong Financial ...
Q3 Revenue: $679 million, a 7% sequential improvement over Q2. Year-to-Date Revenue: $2 billion, reflecting a 15% growth year over year. Adjusted EBITDA: $186 million in Q3, an 11% increase year over year, with a margin of 27%. Adjusted Free Cash Flow: $135 million in Q3, more than doubling from $62 million in the same period last year. Total Cash: $694 million at the end of Q3. Total Debt: $145 million with no significant maturities until fiscal 2028. Total Liquidity: $1.6 billion at the end of Q3. Adjusted Gross Margins: 36%, roughly in line quarter over quarter. Backlog: Greater than $4.5 billion, a new record. Full Year Fiscal '25 Revenue Guidance: $2.8 billion to $2.9 billion. Full Year Fiscal '25 Adjusted EBITDA Guidance: $700 million to $740 million. Full Year Fiscal '25 Adjusted Diluted EPS Guidance: $3.75 to $3.95 per share. Warning! GuruFocus has detected 2 Warning Sign with NXT. Release Date: January 28, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. NEXTracker Inc (NASDAQ:NXT) reported a 15% year-over-year revenue growth, reaching approximately $2 billion year to date. The company's backlog hit a new record, significantly exceeding $4.5 billion, providing excellent visibility and confidence in future growth. NEXTracker Inc (NASDAQ:NXT) expanded its R&D facilities in the US, Brazil, and India, and partnered with UC Berkeley to advance solar technology. The company achieved a strong adjusted EBITDA of $186 million in Q3, marking an 11% increase year over year. NEXTracker Inc (NASDAQ:NXT) generated $135 million in adjusted free cash flow during Q3, more than doubling from the same period last year. The solar industry faces risks and uncertainties that may cause actual results to differ materially from expectations. Pricing and costs vary by region, customer, project size, and other factors, which can impact profitability. International markets are more competitive and sensitive to upfront costs, potentially affecting margins. The company faces potential risks from tariffs and changes in domestic content rules, which could impact supply chain dynamics. Project timing can be unstable, with some projects accelerating and others pushing out, affecting revenue recognition. Q: Can you provide more details on the backlog, which you mentioned is significantly above $4.5 billion? A: Howard Wenger, President, confirmed that the backlog has been increasing every quarter since going public. The book-to-bill ratio continues to be greater than 1, and the math supports that they exceeded $1 billion in bookings for the quarter. Q: How do you view potential risks in your supply chain, particularly regarding steel and tariffs? A: Daniel Shugar, CEO, stated that Nextracker has strong relationships with US steel mills and has set up manufacturing facilities near these mills. They are producing all US tubes with 100% US steel, which has a cleaner manufacturing mix. Internationally, they have built supply chains in India and other markets, allowing them to produce locally or export as needed. Q: Is the US market growing faster than expected, and do you see the 75-25 US to international mix holding into next year? A: Howard Wenger noted that the US demand is strong with record bookings this quarter. The mix is typically 60% to 70% US, and this is expected to hold, indicating growth both domestically and internationally. Q: Can you discuss the backlog conversion rate and any changes in pricing? A: Howard Wenger explained that 87% of the backlog is expected to be realized over the next eight quarters, with the majority in the next four quarters. Pricing is stable globally, and the company continues to invest in innovation to reduce costs and increase energy yield. Q: Have you seen any changes in quoting activity following the new domestic content rules? A: Daniel Shugar mentioned that the updated rules simplify achieving the bonus 10% ITC for customers and highlight Nextracker's strong US supply chain position. Howard Wenger added that more customers are requesting 100% domestic content, which may come with a modest price premium. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
