CoreCivic, Inc. (CXW) – Solid 4Q21, Provides Guidance for 2022

Thursday, February 10, 2022

CoreCivic, Inc. (CXW)
Solid 4Q21, Provides Guidance for 2022

CoreCivic is a diversified government solutions company with the scale and experience needed to solve tough government challenges in flexible, cost-effective ways. We provide a broad range of solutions to government partners that serve the public good through corrections and detention management, a growing network of residential reentry centers to help address America’s recidivism crisis, and government real estate solutions. We are a publicly traded real estate investment trust and the nation’s largest owner of partnership correctional, detention and residential reentry facilities. We also believe we are the largest private owner of real estate used by U.S. government agencies. The Company has been a flexible and dependable partner for government for more than 35 years. Our employees are driven by a deep sense of service, high standards of professionalism and a responsibility to help government better the public good.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    4Q21 Results. CoreCivic reported fourth quarter results after the market closed yesterday. Revenue came in at $472.1 million, compared to $473.5 million in the same period last year. The Company reported net income of $28 million, or $0.23 per share, compared to a loss of $26.8 million, or $0.22 per share last year. Adjusted EPS of $0.27 compared to $0.40. On a proforma basis to reflect the adoption of a C-corp structure EPS was $0.27 versus $0.30 last year. We had projected revenue of $474 million and EPS of $0.22.

    2021 Results.  Full year revenue came in at $1.86 billion, adjusted EPS at $1.04, normalized FFO at $1.85, and adjusted EBITDA at $402 million. These results were obtained in the still challenging operating environment, including Covid-related costs and restrictions and the loss of USMS contracts as a result of the President’s executive order. In 2020, revenue was $1.91 billion, adjusted EPS$1.32 …



This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

Release – Vectrus Awarded Logistics Support Services Task Order Valued at $250 Million

 



Vectrus Awarded Logistics Support Services Task Order Valued at $250 Million

Research, News, and Market Data on Vectrus

 

COLORADO SPRINGS, Colo., Feb. 8, 2022 /PRNewswire/ — Vectrus, Inc., (NYSE: VEC), a leading global government services company, announced that it was awarded a new five-year cost-plus-fixed-fee task order valued at $250 million to provide logistics support services to the U.S. Army at Fort Benning, Georgia. The task order, which was awarded under the Enhanced Army Global Logistics Enterprise (EAGLE) contract extends through December 2026, including all option periods.

“We are pleased to have been selected to provide logistical support services under this important task order,” said Chuck Prow, president and chief executive officer of Vectrus. “I would like to thank our Army client for their continued confidence in Vectrus.” 

About Vectrus:
For more than 70 years, Vectrus has provided critical mission support for our customers’ toughest operational challenges. As a high-performing organization with exceptional talent, deep domain knowledge, a history of long-term customer relationships, and groundbreaking technical expertise, we deliver innovative, mission-matched solutions for our military and government customers worldwide. Whether it’s base operations supportconverged environment solutionssupply chain and logisticsIT mission supportengineering and digital integrationsecurity, or maintenance, repair, and overhaul, our customers count on us for on-target solutions that increase efficiency, reduce costs, improve readiness, and strengthen national security. Vectrus is headquartered in Colorado Springs, Colo., and includes about 9,200 employees spanning 206 locations in 27 countries. In 2020, Vectrus generated sales of $1.4 billion. For more information, visit the company’s website at www.vectrus.com or connect with Vectrus on FacebookTwitter, and LinkedIn.

Contact Information

Mike Smith, CFA
michael.smith@vectrus.com
(719) 637-5773

SOURCE Vectrus, Inc.

How Lovers Spend Money on Valentines Day


Image Credit: Parag Deshmuk


How Much is Spent Saying ‘I Love You’ on Valentine’s?

 

While the gift-giving season may be in full bloom between Thanksgiving and Christmas, gifts of the blooming variety are often given on Valentine’s Day. Many businesses rely on their piece of the $22 billion that will be spent for the most romantic of holidays. Gifts include everything from jewelry to dinner, Valentine’s Day cards, and stuffed animals. Below are some staggering statistics from the Nat’l Retail Federation and 1(800)FLOWERS.com (FLWS) that show the heart-thumping magnitude of February 14th.

Last February 14th, which was as much virus-times as it was Valentine’s, Americans spent about $21.8 billion showing they care.  That’s around

 508,000 Bitcoins!  

Spending is expected to be close to the same for 2022.

The highest dollar category of Valentine’s Day commerce is jewelry. Last year $4.1 billion was spent on jewelry. While gold has fluctuated from up 5.50% to down 7% since then, the current price per ounce is in line with last year’s price.

In 2021, men were figured to spend approximately $230 each, while women were believed to have parted with close to $100. 

Sweets are the most popular Valentine’s Day gift. A survey showed 54% of participants plan to give candy. This adds to around $2 billion in spending.  Americans will buy 58 million pounds of chocolate (give or take) for Valentine’s Day!

Approximately 150 million cards are expected to be presented which may be why V-Day is considered a “Hallmark Holiday.”

Valentine’s Day Facts on flowers

For many men, Valentine’s Day starts with checking the price of a dozen roses.  According to CNBC, the price may have increased by 22% over last year. This is approximately the same level of inflation experienced at Dollar Tree (DLTR).

More than a third, or 36% of people anticipate buying flowers. The total spent on those flowers will be about $2 billion.

Men are far more likely to buy flowers than women — 56% versus 18%.

Younger people purchase more Valentine’s Day flowers than their elders. 48% of those 18-24 years old plan to

buy flowers, compared to only 28% of those 65 and over.

Roses are the most popular Valentine’s Day flower, with over 250 million produced exclusively for the holiday each year.

Take-Away

While many retailers wait all year for the period of Black Friday through the Christmas season. Many earn a sizeable portion of their annual revenue from the tens of billions spent on Mother’s and Father’s Day, and of course, Valentine’s.

 

Suggested Reading



“The Biggest Valentine’s Day in its History”



The Big Challenges for Supply Chains in 2022





Online Media is Within an Hour of Becoming Main-Stream Media



What is the Future of Entertainment Consumption?

 

Sources

https://www.1800flowers.com/blog/flower-facts/valentines-day-fun-facts/

https://nrf.com/media-center/press-releases/valentines-day-spending-total-218-billion

https://www.cnbc.com/2022/02/04/inflation-means-price-jumps-for-dinner-and-roses-this-valentines-day.html

 

Stay up to date. Follow us:

 

How Lovers Spend Money on Valentine’s Day


Image Credit: Parag Deshmuk


How Much is Spent Saying ‘I Love You’ on Valentine’s?

 

While the gift-giving season may be in full bloom between Thanksgiving and Christmas, gifts of the blooming variety are often given on Valentine’s Day. Many businesses rely on their piece of the $22 billion that will be spent for the most romantic of holidays. Gifts include everything from jewelry to dinner, Valentine’s Day cards, and stuffed animals. Below are some staggering statistics from the Nat’l Retail Federation and 1(800)FLOWERS.com (FLWS) that show the heart-thumping magnitude of February 14th.

Last February 14th, which was as much virus-times as it was Valentine’s, Americans spent about $21.8 billion showing they care.  That’s around

 508,000 Bitcoins!  

Spending is expected to be close to the same for 2022.

The highest dollar category of Valentine’s Day commerce is jewelry. Last year $4.1 billion was spent on jewelry. While gold has fluctuated from up 5.50% to down 7% since then, the current price per ounce is in line with last year’s price.

In 2021, men were figured to spend approximately $230 each, while women were believed to have parted with close to $100. 

Sweets are the most popular Valentine’s Day gift. A survey showed 54% of participants plan to give candy. This adds to around $2 billion in spending.  Americans will buy 58 million pounds of chocolate (give or take) for Valentine’s Day!

Approximately 150 million cards are expected to be presented which may be why V-Day is considered a “Hallmark Holiday.”

Valentine’s Day Facts on flowers

For many men, Valentine’s Day starts with checking the price of a dozen roses.  According to CNBC, the price may have increased by 22% over last year. This is approximately the same level of inflation experienced at Dollar Tree (DLTR).

More than a third, or 36% of people anticipate buying flowers. The total spent on those flowers will be about $2 billion.

Men are far more likely to buy flowers than women — 56% versus 18%.

Younger people purchase more Valentine’s Day flowers than their elders. 48% of those 18-24 years old plan to

buy flowers, compared to only 28% of those 65 and over.

Roses are the most popular Valentine’s Day flower, with over 250 million produced exclusively for the holiday each year.

Take-Away

While many retailers wait all year for the period of Black Friday through the Christmas season. Many earn a sizeable portion of their annual revenue from the tens of billions spent on Mother’s and Father’s Day, and of course, Valentine’s.

 

Suggested Reading



“The Biggest Valentine’s Day in its History”



The Big Challenges for Supply Chains in 2022





Online Media is Within an Hour of Becoming Main-Stream Media



What is the Future of Entertainment Consumption?

 

Sources

https://www.1800flowers.com/blog/flower-facts/valentines-day-fun-facts/

https://nrf.com/media-center/press-releases/valentines-day-spending-total-218-billion

https://www.cnbc.com/2022/02/04/inflation-means-price-jumps-for-dinner-and-roses-this-valentines-day.html

 

Stay up to date. Follow us:

 

Noble Capital Markets and Channelchek Announce Dates for 18th Annual NobleCon – April 19-21, 2022


Noble Capital Markets and Channelchek Announce Dates for 18th Annual NobleCon – April 19-21, 2022 – Hard Rock Guitar Hotel, South Florida

February 8, 2022, Miami – Noble Capital Markets (Noble) announced the dates for its 18th annual small & microcap investor conference (NobleCon18) scheduled for April 19-21, 2022 at the Hard Rock Guitar Hotel in South Florida. This is Noble’s first in-person event since February 2020. NobleCon18 will feature up to 125 presenting public companies and will be open (at no cost) to investors at any level including institutions and institutional investors, family offices, self-directed investors, investment clubs and organizations, high-net-worth individuals, registered investment advisors, and wealth managers / financial advisors. Independent brokers and equity analysts are also welcome to attend.

“Moving NobleCon to later on the calendar is in an effort to host the event as a full in-person event without restrictions,” said Noble’s Managing Partner, Mark Pinvidic. “The Pandemic has taken its toll at so many levels. We’re hoping that NobleCon18 will serve as a celebration of how business works best, and that’s face-to-face.” The timing of NobleCon coincides with another celebration; the return of Formula 1 racing to South Florida for the first time since 1959. The Miami Grand Prix, with the track encircling Hard Rock Stadium (located only moments away from the namesake Guitar Hotel), is scheduled to run two weeks after NobleCon. “In 2006 we hosted a NASCAR event at NobleCon2, and with the support of Porsche Motor Cars we got  back “Ontrack” in 2010, following the financial crisis. If there was ever a reason and time to get back Ontrack it’s now.” One of the most anticipated events at NobleCon conferences is the “After.” Attendees can expect a race-inspired theme for the eighteenth installment, planned for the evening of the 20th.

New for NobleCon18 are scheduled Breakouts, with each company having three 40-minute sessions in addition to the formal presentation. Seating is available only in presentation rooms and at the breakout tables, in an effort to encourage interaction during coffee breaks and while lunch is served. Keynotes and provocative panel presentations will round out the agenda. NobleCon will transform all of Hard Rock’s 120,000 ft² state-of-the-art conference facility which features 8’ X 12’ high definition, laser projected screens in all presentation rooms. The exhibitors hall will be expanded in 2022 to include a section featuring cannabis companies involved in all aspects of this burgeoning industry. Following the corporate presentations on 4/20/2022,  an interactive cannabis panel presentation and cocktail reception will close the business day.

Presenting companies cover most industry sectors, primarily with market capitalization under $2billion. In addition to cannabis, other disruptive sectors will be represented including ESG, blockchain / cryptocurrency, psychedelics for treatment of mind-related illness, battery technologies, and uranium / alternate energy sources. The full roster of presenters will be published approximately six weeks before the conference, with the scheduled timeslots for presentations and breakouts issued at the beginning of April.

The Hard Rock Guitar Hotel complex is the largest of its kind in the state, located only minutes from Fort Lauderdale and Miami airports. The resort offers conference goers endless choices including 30 restaurants, bars and clubs, two resort pools (one of which is more than 10 acres), a 20,000 ft² spa and salon, a 130,000 ft² casino, and 10,000 free parking spots.

REGISTER FREE AS AN INVESTOR  |  PRESENTING COMPANY INQUIRIES  |  NOBLECON18.COM

About Noble
Capital Markets

Noble Capital Markets, Inc. was incorporated in 1984 as a full-service SEC / FINRA registered broker-dealer, dedicated exclusively to serving underfollowed small / microcap companies through investment banking, wealth management, trading & execution, and equity research activities. Over the past 37 years, Noble has raised billions of dollars for these companies and published more than 45,000 equity research reports. Members FINRA, SIPC, MSRB.

Vectrus Awarded Logistics Support Services Task Order Valued at $250 Million

 



Vectrus Awarded Logistics Support Services Task Order Valued at $250 Million

Research, News, and Market Data on Vectrus

 

COLORADO SPRINGS, Colo., Feb. 8, 2022 /PRNewswire/ — Vectrus, Inc., (NYSE: VEC), a leading global government services company, announced that it was awarded a new five-year cost-plus-fixed-fee task order valued at $250 million to provide logistics support services to the U.S. Army at Fort Benning, Georgia. The task order, which was awarded under the Enhanced Army Global Logistics Enterprise (EAGLE) contract extends through December 2026, including all option periods.

“We are pleased to have been selected to provide logistical support services under this important task order,” said Chuck Prow, president and chief executive officer of Vectrus. “I would like to thank our Army client for their continued confidence in Vectrus.” 

About Vectrus:
For more than 70 years, Vectrus has provided critical mission support for our customers’ toughest operational challenges. As a high-performing organization with exceptional talent, deep domain knowledge, a history of long-term customer relationships, and groundbreaking technical expertise, we deliver innovative, mission-matched solutions for our military and government customers worldwide. Whether it’s base operations supportconverged environment solutionssupply chain and logisticsIT mission supportengineering and digital integrationsecurity, or maintenance, repair, and overhaul, our customers count on us for on-target solutions that increase efficiency, reduce costs, improve readiness, and strengthen national security. Vectrus is headquartered in Colorado Springs, Colo., and includes about 9,200 employees spanning 206 locations in 27 countries. In 2020, Vectrus generated sales of $1.4 billion. For more information, visit the company’s website at www.vectrus.com or connect with Vectrus on FacebookTwitter, and LinkedIn.

Contact Information

Mike Smith, CFA
michael.smith@vectrus.com
(719) 637-5773

SOURCE Vectrus, Inc.

The Non-Economic Views of Bitcoin Include Religion


Image: Rodnae productions (Pexels)


Why People are Calling Bitcoin a Religion

 

This article was republished with permission from The Conversation, a news site dedicated to sharing ideas from academic experts. It represents the research-based findings and opinions of Joseph P. Laycock, Assistant Professor of Religious Studies, Texas

 

If you read enough about Bitcoin, you’ll inevitably come across people who refer to the cryptocurrency as a religion.

Bloomberg’s Lorcan Roche Kelly called Bitcoin “the first true religion of the 21st century.” Bitcoin promoter Hass McCook has taken to calling himself “The Friar” and wrote a series of Medium pieces comparing Bitcoin to a religion. There is a Church of Bitcoin, founded in 2017, that explicitly calls legendary Bitcoin creator Satoshi Nakamoto its “prophet.”

In Austin, Texas, there are billboards with slogans like “Crypto Is Real” that weirdly mirror the ubiquitous billboards about Jesus found on Texas highways. Like many religions, Bitcoin even has dietary restrictions associated with it.

Religion’s Dirty Secret

So does Bitcoin’s having prophets, evangelists and dietary laws make it a religion or not?

As a scholar of religion, I think this is the wrong question to ask.

The dirty secret of religious studies is that there is no universal definition of what religion is. Traditions such as Christianity, Islam and Buddhism certainly exist and have similarities, but the idea that these are all examples of religion is relatively new.

The word “religion” as it’s used today – a vague category that includes certain cultural ideas and practices related to God, the afterlife or morality – arose in Europe around the 16th century. Before this, many Europeans understood that there were only three types of people in the world: Christians, Jews and heathens.

This model shifted after the Protestant Reformation when a long series of wars began between Catholics and Protestants. These became known as “wars of religion,” and religion became a way of talking about differences between Christians. At the same time, Europeans were encountering other cultures through exploration and colonialism. Some of the traditions they encountered shared certain similarities to Christianity and were also deemed religions.

Non-European languages have historically not had a direct equivalent to the word “religion.” What has counted as religion has changed over the centuries, and there are always political interests at stake in determining whether or not something is a religion.

As a religion scholar, Russell McCutcheon argues, “The interesting thing to study, then, is not what religion is or is not, but ‘the making of it’ process itself – whether that manufacturing activity takes place in a courtroom or is a claim made by a group about their own behaviors and institutions.”

Critics Highlight Irrationality

With this in mind, why would anyone claim that Bitcoin is a religion?

Some commentators seem to be making this claim to steer investors away from Bitcoin. Emerging market fund manager Mark Mobius, in an attempt to tamp down enthusiasm about cryptocurrency, said that “crypto is a religion, not an investment.”

His statement, however, is an example of a false dichotomy fallacy or the assumption that if something is one thing, it cannot be another. There is no reason that a religion cannot also be an investment, a political system, or nearly anything else.

Mobius’ point, though, is that “religion,” like cryptocurrency, is irrational. This criticism of religion has been around since the Enlightenment, when Voltaire wrote, “Nothing can be more contrary to religion and the clergy than reason and common sense.”

In this case, labeling Bitcoin a “religion” suggests that bitcoin investors are fanatics and not making rational choices.

 

Bitcoin as Good and Wholesome

On the other hand, some Bitcoin proponents have leaned into the religion label. McCook’s articles use the language of religion to highlight certain aspects of Bitcoin culture and to normalize them.

For example, “stacking sats” – the practice of regularly buying small fractions of bitcoins – sounds weird. But McCook refers to this practice as a religious ritual, and more specifically as “tithing.” Many churches practice tithing, in which members make regular donations to support their church. So this comparison makes sat stacking seem more familiar.

While for some people religion may be associated with the irrational, it is also associated with what religion scholar Doug Cowan calls “the good, moral and decent fallacy.” That is, some people often assume if something is really a religion, it must represent something good. People who “stack sats” might sound weird. But people who “tithe” could sound principled and wholesome.

Using Religion as a Framework

For religion scholars, categorizing something as a religion can pave the way for new insights.

As religion scholar J.Z. Smith writes, “‘Religion’ is not a native term; it is created by scholars for their intellectual purposes and therefore is theirs to define.” For Smith, categorizing certain traditions or cultural institutions as religions creates a comparative framework that will hopefully result in some new understanding. With this in mind, comparing Bitcoin to a tradition like Christianity may cause people to notice things that they didn’t before.

 

A bust of Satoshi Nakamoto In Hungry

 

For example, many religions were founded by charismatic leaders. Charismatic authority does not come from any government office or tradition but solely from the relationship between a leader and their followers. Charismatic leaders are seen by their followers as superhuman or at least extraordinary. Because this relationship is precarious, leaders often remain aloof to keep followers from seeing them as ordinary human beings.

Several commentators have noted that Bitcoin inventor Satoshi Nakamoto resembles a sort of prophet. Nakamoto’s true identity – or whether Nakamoto is actually a team of people – remains a mystery. But the intrigue surrounding this figure is a source of charisma with consequences for bitcoin’s economic value. Many who invest in bitcoin do so in part because they regard Nakamoto as a genius and an economic rebel. In Budapest, artists even erected a bronze statue as a tribute to Nakamoto.

There’s also a connection between Bitcoin and millennialism, or the belief in a coming collective salvation for a select group of people.

In Christianity, millennial expectations involve the return of Jesus and the final judgment of the living and the dead. Some Bitcoiners believe in an inevitable coming “hyperbitcoinization” in which bitcoin will be the only valid currency. When this happens, the “Bitcoin believers” who invested will be justified, while the “no coiners” who shunned cryptocurrency will lose everything.

A Path to Salvation

Finally, some Bitcoiners view bitcoin as not just a way to make money, but as the answer to all of humanity’s problems.

“Because the root cause of all of our problems is basically money printing and capital misallocation as a result of that,” McCook argues, “the only way the whales are going to be saved, or the trees are going to be saved, or the kids are going to be saved, is if we just stop the degeneracy.”

This attitude may be the most significant point of comparison with religious traditions. In his book “God Is Not One,” religion professor Stephen Prothero highlights the distinctiveness of world religions using a four-point model, in which each tradition identifies a unique problem with the human condition, posits a solution, offers specific practices to achieve the solution and puts forth exemplars to model that path.

This model can be applied to Bitcoin: The problem is fiat currency, the solution is Bitcoin, and the practices include encouraging others to invest, “stacking sats” and “hodling” – refusing to sell bitcoin to keep its value up. The exemplars include Satoshi and other figures involved in the creation of blockchain technology.

So Does this Comparison Prove that Bitcoin is a Religion?

Not necessarily, because theologians, sociologists and legal theorists have many different definitions of religion, all of which are more or less useful depending on what the definition is being used for.

However, this comparison may help people understand why Bitcoin has become so attractive to so many people, in ways that would not be possible if Bitcoin were approached as a purely economic phenomenon.

 

Suggested Reading



An Archive of Memes from Stonks’ Heyday in 2021



Dogecoin Group Works to Give Currency Greater Purpose





Blockchain, Beverages, and Baloney



Blockchain 2022 – What’s Next?

 

Stay up to date. Follow us:

 

DLH (DLHC) – Post Call Commentary and Updated Models

Wednesday, February 02, 2022

DLH (DLHC)
Post Call Commentary and Updated Models

DLH Holdings Corp is a provider of technology-enabled business process outsourcing and program management solutions in the United States. The company offers services to several government agencies which include the Department of veteran affairs, Department of health and human services, Department of Defense and other government agencies. It operates primarily through prime contracts and also derives its revenue from agencies of the federal government, primarily as a prime contractor but also as a subcontractor to other Federal prime contractors.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    Base Business Outstanding. The 6.7% y-o-y rise in the ongoing base business is key, in our view, as it is indicative of DLH’s expanded array of offerings and the Company’s ability to win additional business. Demand for DLH’s services in existing and adjacent markets continues to expand as federal agencies place increased emphasis on advanced technology solutions and DLH is well positioned to capitalize.

    CR: Positive and Negative.  The ongoing Continuing Resolution is delaying new programs and awards but we believe the key Federal agencies DLH targets continue to enjoy broad bi-partisan support and will quickly return to normal once a budget is passed …



This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

Release – Vectrus Launches Expanded Converged Environment Service Offering to Support DoD Readiness and Modernization Initiatives

 



Vectrus Launches Expanded Converged Environment Service Offering to Support DoD Readiness and Modernization Initiatives

Research, News, and Market Data on Vectrus

 

 COLORADO SPRINGS, Colo., Feb. 1, 2022 /PRNewswire/ — Vectrus, Inc. (NYSE: VEC) is excited to announce the expansion of its Converged Environment service offering, which designs and implements integrated technology solutions to address installation management challenges faced by the Department of Defense (DoD). The Converged Environment incorporates and expands Vectrus’ existing Converged Infrastructure offering, creating operational efficiencies by integrating all aspects of physical and digital infrastructure. In doing so, the Converged Environment improves performance and reduces costs across communications, assets, logistics, supply chains, acquisition, cyber and physical security, facilities, and operational processes.

Much of the military’s base operations today relies on aging infrastructure and manual inputs, while leaving gaps in the information leaders need. The result is an operational model that falls short of the DoD’s modernization goals, which demand connected, resilient, and cost-effective solutions. The Vectrus Converged Environment approach is designed to meet and advance these needs.

“Unlike traditional solutions, the Vectrus approach exists at the intersection of technology, security, and assets, making us uniquely positioned to unlock the benefits that come with integration. Vectrus is also a service company, bringing highly expert leaders and users to these challenges, so we can shrink the cost and time between understanding an opportunity and implementing a converged solution,” said Corinne Minton-Package, Senior Vice President of Systems and Technology at Vectrus. “Our Converged Environment offering meets the demands of the military while promoting cost savings, increased security, and more strategic use of resources — and rapidly enabling critical data-driven decision-making for our customers.”

The Converged Environment approach is already in practice at Naval Base Coronado in San Diego. As prime contractor, Vectrus is integrating technology solutions and applications for a smart warehouse. This “warehouse of the future,” which involves transshipment between shore facilities and Naval units, will improve efficiency, accuracy, security, and safety of material across supply handling, management, storage, and distribution.

“Vectrus is a trusted partner of the U.S. military — our networked solutions enhance readiness, improve security, streamline logistics, and increase operational advantage. In short, we are the convergence point,” explained Minton-Package. “We are proud of this investment and are committed to developing tailored solutions to meet the DoD’s modernization objectives through the deployment of Vectrus Converged Environments.”

About Vectrus

Vectrus, a defense technology company, has provided mission critical support for the toughest operational challenges our customers have faced for more than 70 years. We leverage emerging technologies, unmatched technical expertise, exceptional talent, and deep domain knowledge to deliver innovative solutions for military and government customers worldwide. Whether it’s base operations supportconverged environment solutionssupply chain and logisticsIT mission supportengineering and digital integrationsecurity, or maintenance, repair, and overhaul, our customers count on us for on-target solutions that increase efficiency, reduce costs, improve readiness, and strengthen national security. 

Vectrus is headquartered in Colorado Springs, Colo., and includes about 9,200 employees spanning 206 locations in 27 countries. In 2020, Vectrus generated sales of $1.4 billion. For more information, visit the company’s website at www.vectrus.com or connect with Vectrus on FacebookTwitter, and LinkedIn.

Media Contact:

Mike Smith, CFA
719-637-5773
michael.smith@vectrus.com

SOURCE Vectrus, Inc.

Vectrus Launches Expanded Converged Environment Service Offering to Support DoD Readiness and Modernization Initiatives

 



Vectrus Launches Expanded Converged Environment Service Offering to Support DoD Readiness and Modernization Initiatives

Research, News, and Market Data on Vectrus

 

 COLORADO SPRINGS, Colo., Feb. 1, 2022 /PRNewswire/ — Vectrus, Inc. (NYSE: VEC) is excited to announce the expansion of its Converged Environment service offering, which designs and implements integrated technology solutions to address installation management challenges faced by the Department of Defense (DoD). The Converged Environment incorporates and expands Vectrus’ existing Converged Infrastructure offering, creating operational efficiencies by integrating all aspects of physical and digital infrastructure. In doing so, the Converged Environment improves performance and reduces costs across communications, assets, logistics, supply chains, acquisition, cyber and physical security, facilities, and operational processes.

Much of the military’s base operations today relies on aging infrastructure and manual inputs, while leaving gaps in the information leaders need. The result is an operational model that falls short of the DoD’s modernization goals, which demand connected, resilient, and cost-effective solutions. The Vectrus Converged Environment approach is designed to meet and advance these needs.

“Unlike traditional solutions, the Vectrus approach exists at the intersection of technology, security, and assets, making us uniquely positioned to unlock the benefits that come with integration. Vectrus is also a service company, bringing highly expert leaders and users to these challenges, so we can shrink the cost and time between understanding an opportunity and implementing a converged solution,” said Corinne Minton-Package, Senior Vice President of Systems and Technology at Vectrus. “Our Converged Environment offering meets the demands of the military while promoting cost savings, increased security, and more strategic use of resources — and rapidly enabling critical data-driven decision-making for our customers.”

The Converged Environment approach is already in practice at Naval Base Coronado in San Diego. As prime contractor, Vectrus is integrating technology solutions and applications for a smart warehouse. This “warehouse of the future,” which involves transshipment between shore facilities and Naval units, will improve efficiency, accuracy, security, and safety of material across supply handling, management, storage, and distribution.

“Vectrus is a trusted partner of the U.S. military — our networked solutions enhance readiness, improve security, streamline logistics, and increase operational advantage. In short, we are the convergence point,” explained Minton-Package. “We are proud of this investment and are committed to developing tailored solutions to meet the DoD’s modernization objectives through the deployment of Vectrus Converged Environments.”

About Vectrus

Vectrus, a defense technology company, has provided mission critical support for the toughest operational challenges our customers have faced for more than 70 years. We leverage emerging technologies, unmatched technical expertise, exceptional talent, and deep domain knowledge to deliver innovative solutions for military and government customers worldwide. Whether it’s base operations supportconverged environment solutionssupply chain and logisticsIT mission supportengineering and digital integrationsecurity, or maintenance, repair, and overhaul, our customers count on us for on-target solutions that increase efficiency, reduce costs, improve readiness, and strengthen national security. 

Vectrus is headquartered in Colorado Springs, Colo., and includes about 9,200 employees spanning 206 locations in 27 countries. In 2020, Vectrus generated sales of $1.4 billion. For more information, visit the company’s website at www.vectrus.com or connect with Vectrus on FacebookTwitter, and LinkedIn.

Media Contact:

Mike Smith, CFA
719-637-5773
michael.smith@vectrus.com

SOURCE Vectrus, Inc.

DLH (DLHC) – First Quarter Fiscal 2022 Results

Tuesday, February 01, 2022

DLH (DLHC)
First Quarter Fiscal 2022 Results

DLH Holdings Corp is a provider of technology-enabled business process outsourcing and program management solutions in the United States. The company offers services to several government agencies which include the Department of veteran affairs, Department of health and human services, Department of Defense and other government agencies. It operates primarily through prime contracts and also derives its revenue from agencies of the federal government, primarily as a prime contractor but also as a subcontractor to other Federal prime contractors.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    1QFY22 Results. Revenue totaled $152.8 million, up from $57.9 million in 1Q21. The short-term FEMA awards accounted for $91.1 million of the increase. Earnings were $7.8 million, or $0.55 per diluted share, compared to $1.8 million, or $0.13 per diluted share last year. Ex FEMA, DLH still reported excellent results. Revenue rose 7% year-over-year to $61.7 million, while earnings were $3.1 million, or $0.22 per diluted share. We had projected revenue of $158 million and EPS of $0.48.

    Debt Paydown Continues.  During the quarter, DLH reduced the outstanding term loan to $42.9 million from the $46.8 million outstanding at fiscal year end. Mandatory principal amortization on the loan has now been satisfied until March 31, 2024. We expect debt reduction to continue to be a focus of management, all else being equal. With the rapid paydown, additional M&A, which remains a key aspect of …



This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

Cleaner Use of Wind Power



Offshore Wind Farms Could Help Capture Carbon from Air and Store it Long-Term – Using Energy that Would Have Gone to Waste

 

Off the Massachusetts and New York coasts, developers are preparing to build the United States’ first federally approved utility-scale offshore wind farms – 74 turbines in all that could power 470,000 homes. More than a dozen other offshore wind projects are awaiting approval along the Eastern Seaboard.

By 2030, the Biden administration’s goal is to have 30 gigawatts of offshore wind energy flowing, enough to power more than 10 million homes.

Replacing fossil fuel-based energy with clean energy like wind power is essential to holding off the worsening effects of climate change. But that transition isn’t seen as happening fast enough to stop global warming. Human activities have pumped so much carbon dioxide into the atmosphere that we may have to remove carbon dioxide from the air and lock it away permanently.

Offshore wind farms are uniquely positioned to do both – and save money.

 

This article was republished with permission from The Conversation, a news site dedicated to sharing ideas from academic experts. It was written by and represents the research-based opinions of David Goldberg, Lamont Research Professor, Columbia University

 

 

Most renewable energy lease areas off the Atlantic Coast are near the Mid-Atlantic states and Massachusetts. About 480,000 acres of the New York Bight is scheduled to be auctioned for wind farms in February 2022. BOEM

As a marine geophysicist, I have been exploring the potential for pairing wind turbines with technology that captures carbon dioxide directly from the air and stores it in natural reservoirs under the ocean. Built together, these technologies could reduce the energy costs of carbon capture and minimize the need for onshore pipelines, reducing impacts on the environment.

 

Capturing CO2 From the Air

Several research groups and tech startups are testing direct air capture devices that can pull carbon dioxide directly from the atmosphere. The technology works, but the early projects so far are expensive and energy intensive.

The systems use filters or liquid solutions that capture CO2 from air blown across them. Once the filters are full, electricity and heat are needed to release the carbon dioxide and restart the capture cycle.

For the process to achieve net negative emissions, the energy source must be carbon-free.

The world’s largest active direct air capture plant operating today does this by using waste heat and renewable energy. The plant, in Iceland, then pumps its captured carbon dioxide into the underlying basalt rock, where the CO2 reacts with the basalt and calcifies, turning to solid mineral.

A similar process could be created with offshore wind turbines.

If direct air capture systems were built alongside offshore wind turbines, they would have an immediate source of clean energy from excess wind power and could pipe captured carbon dioxide directly to storage beneath the sea floor below, reducing the need for extensive pipeline systems.

 

Climeworks, a Swiss company, has 15 direct air capture plants removing carbon dioxide from
the air.
 Climeworks

Researchers are currently studying how these systems function under marine conditions. Direct air capture is only beginning to be deployed on land, and the technology likely would have to be modified for the harsh ocean environment. But planning should start now so wind power projects are positioned to take advantage of carbon storage sites and designed so the platforms, sub-sea infrastructure and cabled networks can be shared.

Using Excess Wind Power When it isn’t Needed

By nature, wind energy is intermittent. Demand for energy also varies. When the wind can produce more power than is needed, production is curtailed and electricity that could be used is lost.

That unused power could instead be used to remove carbon from the air and lock it away.

For example, New York State’s goal is to have 9 gigawatts of offshore wind power by 2035. Those 9 gigawatts would be expected to deliver 27.5 terawatt-hours of electricity per year.

Based on historical wind curtailment rates in the U.S., a surplus of 825 megawatt-hours of electrical energy per year may be expected as offshore wind farms expand to meet this goal. Assuming direct air capture’s efficiency continues to improve and reaches commercial targets, this surplus energy could be used to capture and store upwards of 0.5 million tons of CO2 per year.

That’s if the system only used surplus energy that would have gone to waste. If it used more wind power, its carbon capture and storage potential would increase.

 

 Several Mid-Atlantic areas being leased for offshore wind farms also have potential for carbon storage beneath the seafloor. The capacity is measured in millions of metric tons of CO2 per square kilometer. The U.S. produces about 4.5 billion metric tons of CO2 from energy per year. U.S. Department of Energy and Battelle

The Intergovernmental Panel on Climate Change has projected that 100 to 1,000 gigatons of carbon dioxide will have to be removed from the atmosphere over the century to keep global warming under 1.5 degrees Celsius (2.7 Fahrenheit) compared to pre-industrial levels.

Researchers have estimated that sub-seafloor geological formations adjacent to the offshore wind developments planned on the U.S. East Coast have the capacity to store more than 500 gigatons of CO2. Basalt rocks are likely to exist in a string of buried basins across this area too, adding even more storage capacity and enabling CO2 to react with the basalt and solidify over time, though geotechnical surveys have not yet tested these deposits.

Researchers have estimated that sub-seafloor geological formations adjacent to the offshore wind developments planned on the U.S. East Coast have the capacity to store more than 500 gigatons of CO2. Basalt rocks are likely to exist in a string of buried basins across this area too, adding even more storage capacity and enabling CO2 to react with the basalt and solidify over time, though geotechnical surveys have not yet tested these deposits.

 

Planning Both at Once Saves Time and Cost

New wind farms built with direct air capture could deliver renewable power to the grid and provide surplus power for carbon capture and storage, optimizing this massive investment for a direct climate benefit.

But it will require planning that starts well in advance of construction. Launching the marine geophysical surveys, environmental monitoring requirements and approval processes for both wind power and storage together can save time, avoid conflicts and improve environmental stewardship.

 

Suggested Reading



What is an ESG Score?



Lithium-Ion Power vs Hydrogen Fuel Cell





How Does Uranium Fit Into the ESG Energy Landscape?



Has 28 Years of Jumpstarting Renewable Energy Been Effective?

 

Stay up to date. Follow us:

 

Today’s Feature


Why a Growing or Shrinking Fed Balance Sheet Can Impact Your Investments

From an accounting standpoint, a balance sheet is a list of those things owed and those things owned. In a household, one may own what’s in their bank account, their car, and possibly a percentage of the dwelling’s value; those are counted as a person’s assets. What one may have in student loan debt, or mortgage …
Read More

Could a Code Change Slash Cryptocurrency Energy Use?

Fewer and fewer people are using bitcoin for digital payments. Nevertheless, bitcoin transactions are consuming more energy than ever before – the same amount as the whole of Thailand. With a carbon footprint equivalent to the Czech Republic’s (around 114 million tonnes per year), bitcoin is cancelling out other climate wins. The global …
Read More

Twitter Gets a New Board Member Who Instantly Causes Stock to Rocket

Elon Musk, known to be one of the most innovative CEOs of this generation, has been causing the SEC to become more innovative just to keep him from violating disclosure rules and other regulations. Some of his more public SEC problems are with what he posts on Twitter as the CEO of Tesla. On Monday, he filed the wrong …
Read More

Looming Cryptocurrency Regulation and SEC Thoughts

Gary Gensler, the chairman of the Securities and Exchange Commission (SEC) has asked the Commission’s staff to study how to extend investor protections to cryptocurrency platforms. The staff was also tasked with determining how to regulate platforms where securities and non-securities, like cryptocurrencies, trade together. This …
Read More

Can My Electric Car Power My House? Not Yet for Most Drivers, but Vehicle-to-Home Charging is Coming

Drivers are starting to consider EVs as more than a means of transportation; the cars can also be a source of power when the electric grid fails. Bidirectional charging is a selling point on vehicles like the Ford electric F-150 Lightning pickup truck, which is due to arrive in …
Read More

Restoring Touch Through Electrodes Implanted in the Human Brain will Require Engineering Around a Sensory Lag

More than 5 million people in the United States are affected by limb loss or paralysis. Technological devices that directly interact with the brain, known as brain-computer interfaces, offer the potential to decode an individual’s thoughts and translate them into action …
Read More

Why the Metaverse is Attracting Traditional Professions

Walmart, Wendy’s, Jose Cuervo, and all the companies that now co-exist on the Metaverse are varied and have opened virtual location(s) for various reasons. Some aren’t yet completely sure what the reason is. They are early adopters that thought they’d claim their Metaverse stake and figure the rest out. But should accountants …
Read More

Blockchain Hackers Break Previous Quarterly Theft Record

Crypto hackers made off with $1,307 million during the first quarter of 2022. They Averaged over $20 million per hack in 73 attacks on the blockchain ecosystem. A single attack on Ronin accounted for almost half the amount, with Solana and Binance smart chain ecosystems accounting for more than a third of that total. We take a look …
Read More

A Tool for Predicting the Future – Helping Nonexperts Make Forecasts Using Data Collected Over Time

When predicting weather, future stock market prices, risk of developing a disease, or forecasting any outcome where time-series data is highly relevant, there is a new, more efficient than state-of-the-art deep learning method. Researchers created this tool that enables people to …
Read More

The Metaverse will Now Include Fast Food’s Favorite Redhead

This calendar week each year, I’m always skeptical of stories that seem to not jibe with reality. Around April Fools’ you see even the most stodgy firms trying to shock and have some fun. I still remember last year when Volkswagen created a stir by saying it was rebranding to VOLTswagen? So when Wendy’s, which loves to have fun …
Read More

 

Stay up to date. Follow us: