FERC Approves AVANGRID’s Proposed PNM Resources Merger
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Merger on track to close in the second half of 2021
AVANGRID, Inc. (NYSE: AGR), a leading sustainable energy company, announced today that it has received Federal Energy Regulatory Commission (FERC) approval for its proposed PNM Resources (NYSE: PNM) merger. This approval is an important step in the merger process, which will bring together two companies focused on delivering safe, reliable and clean energy for customers and communities, said Dennis V. Arriola, CEO of AVANGRID. The merger will further AVANGRID’s growth in both clean energy distribution and transmission, as well as expand our leadership position in renewables.
Operator
Good day, and welcome to the NextEra Energy and NextEra Energy Partners First Quarter 2021 Conference Call. [Operator Instructions] After today s presentation, there will be an opportunity to ask questions. [Operator Instructions].
I would now like to turn the conference over to Jessica Aldridge, Director of Investor Relations. Please go ahead ma am.
Jessica Aldridge
Director of Investor Relations
Thank you, Rocco. Good morning, everyone, and thank you for joining our first quarter 2021 combined earnings conference call for NextEra Energy and NextEra Energy Partners. With me this morning are Jim Robo, Chairman and Chief Executive Officer of NextEra Energy; Rebecca Kujawa, Executive Vice President and Chief Financial Officer of NextEra Energy; John Ketchum, President and Chief Executive Officer of NextEra Energy Resources; and Mark Hickson, Executive Vice President of NextEra Energy. All of whom are also officers of NextEra Energy Partners. As well as Eric Silagy, Pre
ManpowerGroup Appoints Riccardo Barberis as Regional President, Northern Europe
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MILWAUKEE, April 20, 2021 /PRNewswire/ ManpowerGroup [NYSE: MAN] today announced the appointment of Riccardo Barberis as Regional President, Northern Europe effective May 17, 2021. Barberis will oversee all of ManpowerGroup s brands and offerings across the region – Manpower, Experis and Talent Solutions. He will report to Chairman & CEO Jonas Prising and join the Executive Leadership Team.
Barberis joined ManpowerGroup in 1998 and has held numerous leadership positions in Europe and Latin America, most recently as country manager for ManpowerGroup Italy. Barberis speaks 5 languages and currently serves as Board Member of Junior Achievement, Vice President of the Italian industry association, Assolavaro and President of ManpowerGroup s Human Age Institute.
Timken to Participate in the Oppenheimer Industrial Growth Conference
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NORTH CANTON, Ohio, April 20, 2021 /PRNewswire/ The Timken Company (NYSE: TKR; www.timken.com), a global industrial leader in engineered bearings and power transmission products, will participate in the Oppenheimer Industrial Growth Conference on May 4, 2021. Presenting on behalf of Timken will be Philip D. Fracassa, executive vice president and chief financial officer. Materials shared during the conference will be available online at http://investors.timken.com.
About The Timken Company
The Timken Company (NYSE: TKR; www.timken.com) designs a growing portfolio of engineered bearings and power transmission products. With more than a century of knowledge and innovation, we continuously improve the reliability and efficiency of global machinery and equipment to move the world forward. Timken posted $3.5 billion in sales in 2020 and employs more tha
ManpowerGroup Reports 1st Quarter 2021 Results
- 7% revenue increase in the quarter (1% increase on a constant currency basis)
- All three of our brands experienced sequential quarterly improvement in year-over-year revenues, led by Manpower and Talent Solutions both with growth in the quarter and Experis with ongoing improvement in the revenue trend
- Operating profit of $98 million in the quarter, a reported increase of 161% year-over-year (8% increase in constant currency excluding restructuring charges in the prior year)
- $100 million of common stock repurchased during the quarter
- Accounts receivable collection trend improving further, ended the quarter with almost four days of DSO improvement year-over-year