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slot machine meter ST. THOMAS, Virgin Islands — The Illinois State basketball team saw a 13-point second-half lead slip away Monday in a 72-64 loss to George Washington at the Paradise Jam. The Redbirds won one of three games in the multi-team event and are 4-3 overall. Illinois State's Cameron Barnes blocks a shot Monday against George Washington at the Paradise Jam. Two Ty Pence free throws with 12:25 to play handed ISU a 45-32 advantage. The Revolutionaries, who improved to 6-1, battled back to a 56-56 tie with a 24-11 surge. A pair of Chase Walker free throws at the 4:12 mark gave ISU a 58-56 edge, but the Redbirds were outscored 16-6 over the final four minutes. Johnny Kinziger led ISU with 18 points. Walker added 16 and Dalton Banks 13. Illinois State's Chase Walker puts up a shot against the defense of George Washington's Rafael Castro on Monday. The Redbirds sank 18 of 21 free throws but suffered through 4 of 18 3-point shooting. Pence's eight rebounds led ISU as George Washington won the battle of the boards 33-29. Darren Buchanan's 18 points topped the Revolutionaries. Gerald Drumgoole and Trey Autry had 16 each. ISU had earlier in the event squeaked past Alabama-Birmingham 84-83 on two Kinziger free throws with five seconds left. Kinziger led the way for the Redbirds with 21 points. Walker contributed 16 points and eight rebounds and Banks 10 points and five assists. ISU opened with a 76-68 loss to McNeese. Pence paced the Redbirds with 14 points and six rebounds. Malachi Poindexter chipped in 13 points, while Kinziger, Banks and Walker each had 10. Illinois State forward Caden Boser (33) and other players celebrate a three pointer against Tennessee-Martin in the first half on Monday at CEFCU Arena. Illinois State forward Caden Boser (33) guards Tennessee-Martin guard Tarence Guinyard (1) in the first half on Monday at CEFCU Arena. Illinois State forward Chase Walker (35) dunks against Tennessee-Martin in the first half on Monday at CEFCU Arena. Illinois State forward Chase Walker (35) grabs a rebound against Tennessee-Martin on Monday at CEFCU Arena. Illinois State guard Dalton Banks (3) goes up and scores in the first half against Tennessee-Martin on Monday at CEFCU Arena. Illinois State guard Dalton Banks (3) goes up for a rebound with Tennessee-Martin forward Lamine Niang (34) and others on Monday at CEFCU Arena. Illinois State forward Jack Daugherty (0) shoots a three over Tennessee-Martin forward David Kamwanga (5) on Monday at CEFCU Arena. Illinois State forward Jack Daugherty (0) guards Tennessee-Martin forward Stefano Faloppa (25) in the first half on Monday at CEFCU Arena. Illinois State guard Johnny Kinziger (11) brings the ball up the court in the first half against Tennessee-Martin on Monday at CEFCU Arena. Illinois State guard Johnny Kinziger (11) heads to the basket in the first half against Tennessee-Martin on Monday at CEFCU Arena. Illinois State guard Landon Wolf (4) dribbles around Tennessee-Martin players in the first half on Monday at CEFCU Arena. Illinois State head coach Ryan Pedon calls out plays against Tennessee-Martin on Monday at CEFCU Arena. Illinois State guard Ty Pence (22) dunks in the first half against Tennessee-Martin on Monday at CEFCU Arena. Illinois State guard Ty Pence (22) shoots past Tennessee-Martin guard Carlos Cortijo (15) in the first half on Monday at CEFCU Arena. Follow Randy Reinhardt on Twitter: @Pg_Reinhardt JOHNNY FOR THREE 👌👌 He's now in double figures with 12 points! pic.twitter.com/gjdlYHzzHj Be the first to know Get local news delivered to your inbox! Sports Reporter {{description}} Email notifications are only sent once a day, and only if there are new matching items.

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By KENYA HUNTER, Associated Press ATLANTA (AP) — As she checked into a recent flight to Mexico for vacation, Teja Smith chuckled at the idea of joining another Women’s March on Washington . As a Black woman, she just couldn’t see herself helping to replicate the largest act of resistance against then-President Donald Trump’s first term in January 2017. Even in an election this year where Trump questioned his opponent’s race , held rallies featuring racist insults and falsely claimed Black migrants in Ohio were eating residents’ pets , he didn’t just win a second term. He became the first Republican in two decades to clinch the popular vote, although by a small margin. “It’s like the people have spoken and this is what America looks like,” said Smith, the Los Angeles-based founder of the advocacy social media agency, Get Social. “And there’s not too much more fighting that you’re going to be able to do without losing your own sanity.” After Trump was declared the winner over Democratic Vice President Kamala Harris , many politically engaged Black women said they were so dismayed by the outcome that they were reassessing — but not completely abandoning — their enthusiasm for electoral politics and movement organizing. Black women often carry much of the work of getting out the vote in their communities. They had vigorously supported the historic candidacy of Harris, who would have been the first woman of Black and South Asian descent to win the presidency. Harris’ loss spurred a wave of Black women across social media resolving to prioritize themselves, before giving so much to a country that over and over has shown its indifference to their concerns. AP VoteCast , a survey of more than 120,000 voters, found that 6 in 10 Black women said the future of democracy in the United States was the single most important factor for their vote this year, a higher share than for other demographic groups. But now, with Trump set to return to office in two months, some Black women are renewing calls to emphasize rest, focus on mental health and become more selective about what fight they lend their organizing power to. “America is going to have to save herself,” said LaTosha Brown, the co-founder of the national voting rights group Black Voters Matter. She compared Black women’s presence in social justice movements as “core strategists and core organizers” to the North Star, known as the most consistent and dependable star in the galaxy because of its seemingly fixed position in the sky. People can rely on Black women to lead change, Brown said, but the next four years will look different. “That’s not a herculean task that’s for us. We don’t want that title. ... I have no goals to be a martyr for a nation that cares nothing about me,” she said. AP VoteCast paints a clear picture of Black women’s concerns. Black female voters were most likely to say that democracy was the single most important factor for their vote, compared to other motivators such as high prices or abortion. More than 7 in 10 Black female voters said they were “very concerned” that electing Trump would lead the nation toward authoritarianism, while only about 2 in 10 said this about Harris. About 9 in 10 Black female voters supported Harris in 2024, according to AP VoteCast, similar to the share that backed Democrat Joe Biden in 2020. Trump received support from more than half of white voters, who made up the vast majority of his coalition in both years. Like voters overall, Black women were most likely to say the economy and jobs were the most important issues facing the country, with about one-third saying that. But they were more likely than many other groups to say that abortion and racism were the top issues, and much less likely than other groups to say immigration was the top issue. Despite those concerns, which were well-voiced by Black women throughout the campaign, increased support from young men of color and white women helped expand Trump’s lead and secured his victory. Politically engaged Black women said they don’t plan to continue positioning themselves in the vertebrae of the “backbone” of America’s democracy. The growing movement prompting Black women to withdraw is a shift from history, where they are often present and at the forefront of political and social change. One of the earliest examples is the women’s suffrage movement that led to ratification in 1920 of the 19th Amendment to the Constitution , which gave women the right to vote. Black women, however, were prevented from voting for decades afterward because of Jim Crow-era literacy tests, poll taxes and laws that blocked the grandchildren of slaves from voting. Most Black women couldn’t vote until the Voting Rights Act of 1965. Black women were among the organizers and counted among the marchers brutalized on the Edmund Pettus Bridge in Alabama, during the historic march in 1965 from Selma to Montgomery that preceded federal legislation. Decades later, Black women were prominent organizers of the Black Lives Matter movement in response to the deaths of Black Americans at the hands of police and vigilantes. In his 2024 campaign, Trump called for leveraging federal money to eliminate diversity, equity and inclusion programs in government programs and discussions of race, gender or sexual orientation in schools. His rhetoric on immigration, including false claims that Black Haitian immigrants in Springfield, Ohio, were eating cats and dogs, drove support for his plan to deport millions of people . Tenita Taylor, a Black resident of Atlanta who supported Trump this year, said she was initially excited about Harris’ candidacy. But after thinking about how high her grocery bills have been, she feels that voting for Trump in hopes of finally getting lower prices was a form of self-prioritization. “People say, ‘Well, that’s selfish, it was gonna be better for the greater good,”’ she said. “I’m a mother of five kids. ... The things that (Democrats) do either affect the rich or the poor.” Some of Trump’s plans affect people in Olivia Gordon’s immediate community, which is why she struggled to get behind the “Black women rest” wave. Gordon, a New York-based lawyer who supported the Party for Socialism and Liberation’s presidential nominee, Claudia de la Cruz, worries about who may be left behind if the 92% of Black women voters who backed Harris simply stopped advocating. “We’re talking millions of Black women here. If millions of Black women take a step back, it absolutely leaves holes, but for other Black women,” she said. “I think we sometimes are in the bubble of if it’s not in your immediate circle, maybe it doesn’t apply to you. And I truly implore people to understand that it does.” Nicole Lewis, an Alabama-based therapist who specializes in treating Black women’s stress, said she’s aware that Black women withdrawing from social impact movements could have a fallout. But she also hopes that it forces a reckoning for the nation to understand the consequences of not standing in solidarity with Black women. “It could impact things negatively because there isn’t that voice from the most empathetic group,” she said. “I also think it’s going to give other groups an opportunity to step up. ... My hope is that they do show up for themselves and everyone else.” Brown said a reckoning might be exactly what the country needs, but it’s a reckoning for everyone else. Black women, she said, did their job when they supported Harris in droves in hopes they could thwart the massive changes expected under Trump. “This ain’t our reckoning,” she said. “I don’t feel no guilt.” AP polling editor Amelia Thomson DeVeaux and Associated Press writer Linley Sanders in Washington contributed to this report. The Associated Press Health and Science Department receives support from the Robert Wood Johnson Foundation. The AP is solely responsible for all content.

NEW YORK , Dec. 9, 2024 /PRNewswire/ -- It is with profound sadness that TGM mourns the death of its Co-founder and Managing Principal, Steven C. Macy (1949-2024). Steve, real estate executive, husband, brother, uncle, friend, mentor, proud parent and grandparent, and oracle of wisdom who told endless anecdotes, died in New York on December 2 nd . Steve was a dynamic leader with a breadth of interests and knowledge that matched his energy, enthusiasm, and drive. He was born and raised in Dayton, Ohio . Steve co-founded TGM Associates L.P. ("TGM") with Thomas Gochberg in July 1991 . TGM provides an integrated suite of asset and property management services to large, global institutions, including state pension funds, sovereign wealth funds, corporate pension plans, and high-net-worth individuals. Prior to co-founding TGM, Steve worked at Smith Barney Real Estate and its successor company, Security Capital, where he first met Thomas Gochberg . Steve also worked for Integrated Resources, where he headed Integrated's national portfolio of 32,000 apartments. Steve was responsible for overseeing Smith Barney's nationwide property management operations and is recognized by some as one of the principal creators of the national property management business. Prior to his tenure at Smith Barney, real estate investment was predominantly a local and regional business, and Steve was responsible for creating an organization that was national in scope and capable of efficiently managing a portfolio stretching from coast to coast. He replicated this process twice more while at Integrated Resources and TGM. Steve was profiled in Bloomberg Businessweek's Executive Profile Directory for multiple years. He was also awarded the Institute of Real Estate Management's Certified Property Manager designation and was instrumental in TGM's designation as an Accredited Management Organization by that same institution. Steve's Real Estate affiliations included being a member of the Institute of Real Estate Management, the National Multi Housing Council (he served on the Board of Directors from 1990 to 1991), the National Apartment Association, and the Pension Real Estate Association. Steve was a member and patron of numerous New York social and cultural institutions and was an active member of the New York City Catholic Diocese. He accompanied Cardinal Dolan and his predecessor, Cardinal Egan, as members of their entourage on several visits to the Vatican, where Steve met sitting Popes. Steve was also an active member of St. Ignatius Loyola's congregation on the Upper East Side of Manhattan . Steve also enjoyed traveling with his Jesuit friends, including attending several silent retreats and several trips to Israel . Steve and his wife Emi had a plethora of shared interests that included volunteering, cooking, and good food (Steve was an excellent cook and enjoyed preparing meals for all), and was an adventurous traveler. Steve had an amazing rolodex of excellent restaurants from all the places he visited and usually a good story or two from the times he frequented them. Steve dedicated significant time to mentoring young minds in search of wisdom. He once published his feelings on how to lead a "successful life" which reflected those tenets that resonated deeply with him and were evident to any person that he came in contact with. In short, Steve stated that if you wanted to change the world: Steve is survived by his wife Emi; children Christopher, Tiffany, Alexa, and Akane; grandchildren Todd Jr., Tess, Tanner and Tom; his sister Karen; and many cousins, nieces and nephews. He will be missed by all. About TGM Founded in 1991, TGM is an investment advisory firm organized to provide an integrated suite of asset and property management services to its investors through a series of fully integrated operating companies. Through its vertically and horizontally integrated operating companies, TGM specializes in acquisitions, property management, leasing, construction, property maintenance and asset management services. An affiliate of TGM provides property management services under the brand TGM Communities. As of September 30, 2024, TGM has invested in 141 multifamily properties throughout 28 states. To learn more about TGM please contact John Gochberg , Managing Principal, Chief Executive Officer, and President. Phone: (212) 830-9312, E-mail: jgochberg@TGMAssociates.com View original content to download multimedia: https://www.prnewswire.com/news-releases/tgm-mourns-death-of-co-founder-and-managing-principal-steven-c-macy-302326734.html SOURCE TGM

Ben Sheizaf Appointed as Board Member and Chairman of the Board Tel-Aviv, Israel, Nov. 25, 2024 (GLOBE NEWSWIRE) -- Ellomay Capital Ltd. (NYSE American; TASE: ELLO) (“Ellomay” or the “Company”), a renewable energy and power generator and developer of renewable energy and power projects in Europe, Israel and the USA, announced today that Shlomo Nehama, after serving as chairman of the board for 16 years, has decided to resign from the Company’s Board of Directors. Mr. Nehama served on the Board of Directors and as the Company’s Chairman of the Board since March 2008 and is a controlling shareholder of the Company. In connection with Mr. Nehama’s resignation, the Company’s Board of Directors unanimously appointed Mr. Ben Sheizaf as a member of the Board of Directors and as Chairman of the Board. Mr. Sheizaf will serve as a director until the Company’s 2025 annual general meeting, at which he can be nominated for reappointment to the Company’s Board of Directors. Mr. Sheizaf, 67, is the founder and CEO of B.P.O. Ltd., a consulting firm since 2019, and has held many senior positions in the Israeli finance and insurance sectors. Mr. Sheizaf currently serves as a member of the board and chairman of the risk management committee of Isracard Ltd. (TASE: ISCD) and as chairman of the board of Detelix Software Technologies Ltd. Between 2008-2019 he held several positions in Phoenix Financial Ltd. (TASE: PHOE), including Deputy CEO and Head of the Long-Term Savings Division, CEO of The Phoenix Pension and Provident Fund Ltd. and a board member of other companies in the group, chairman of Excellence Provident Fund Ltd. and a member of the board of Excellence Investments Ltd. (between 2018-2019), and chairman of Shekel Insurance Agency (2008) Ltd. (between 2012-2015). Mr. Sheizaf holds a B.A. in Accounting and Economics from Tel Aviv University and completed a supplemental year of accounting studies. “Having served as chairman of the board for 16 years, it is time for me to step down. We have achieved extraordinary growth and expansion with an impressive geographical spread as well. I am proud of what we have accomplished. It is with great pleasure that I thank the shareholders for their trust in us, the board members, and management for their responsible and accurate implementation of our strategic plans. The future holds many opportunities for us. I am pleased to announce Benny Sheizaf’s appointment. I am confident that he will bring impressive knowledge and experience. This will help move the company forward to new heights. Needless to mention that if so requested or required I shall personally assist the board and the chairman in all aspects,” said Mr. Nehama. “It is my pleasure to thank Shlomo and the members of the board for their confidence in me. Together with Ellomay’s excellent team, I am confident that we will lead the company to significant and sustainable growth,” said Mr. Sheizaf, the incoming Chairman of the Board. About Ellomay Capital Ltd. Ellomay is an Israeli based company whose shares are listed on the NYSE American and the Tel Aviv Stock Exchange under the trading symbol “ELLO”. Since 2009, Ellomay Capital focuses its business in the renewable energy and power sectors in Europe, USA and Israel. To date, Ellomay has evaluated numerous opportunities and invested significant funds in the renewable, clean energy and natural resources industries in Israel, Italy, Spain, the Netherlands and Texas, USA, including: For more information about Ellomay, visit http://www.ellomay.com . Information Relating to Forward-Looking Statements This press release contains forward-looking statements that involve substantial risks and uncertainties, including statements that are based on the current expectations and assumptions of the Company’s management. All statements, other than statements of historical facts, included in this press release regarding the Company’s plans and objectives, expectations and assumptions of management are forward-looking statements. The use of certain words, including the words “estimate,” “project,” “intend,” “expect,” “believe” and similar expressions are intended to identify forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company may not actually achieve the plans, intentions or expectations disclosed in the forward-looking statements and you should not place undue reliance on the Company’s forward-looking statements. Various important factors could cause actual results or events to differ materially from those that may be expressed or implied by the Company’s forward-looking statements, including changes in electricity prices and demand, continued war and hostilities in Israel, Gaza and Lebanon, regulatory changes, including extension of current or approval of new rules and regulations increasing the operating expenses of manufacturers of renewable energy in Spain, increases in interest rates and inflation, changes in the supply and prices of resources required for the operation of the Company’s facilities (such as waste and natural gas) and in the price of oil, the impact of continued military conflict between Russia and Ukraine, technical and other disruptions in the operations or construction of the power plants owned by the Company and general market, political and economic conditions in the countries in which the Company operates, including Israel, Spain, Italy and the United States. These and other risks and uncertainties associated with the Company’s business are described in greater detail in the filings the Company makes from time to time with Securities and Exchange Commission, including its Annual Report on Form 20-F. The forward-looking statements are made as of this date and the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. Contact: Kalia Rubenbach (Weintraub) CFO Tel: +972 (3) 797-1111 Email: hilai@ellomay.comFUTA Governing Council Appoints Osadugba As New Bursar

Jury awards $310 million to parents of teen killed in fall from Orlando amusement park ride ORLANDO, Fla. (AP) — The parents of a 14-year-old Missouri boy who fell to his death from a Florida amusement park ride has won a $310 million verdict against the attraction's Austrian builder. The Orlando jury on Thursday ordered Funtime to pay Tyre Sampson's parents $155 million each. The trial lasted only a day as Funtime never appeared in court to defend itself. Icon Park had already settled with Sampson’s family for an undisclosed amount. Sampson stood 6 foot, 2 inches tall and weighed 380 pounds. He fell from the Orlando Free Fall ride at Icon Park because the harness did not fit him and he wasn't warned. Princess of Wales takes another step in return to public life after chemotherapy with carol service LONDON (AP) — The Princess of Wales is taking another step in her return to public life following cancer treatment as she hosts her annual Christmas carol service at Westminster Abbey. This year’s concert is designed to celebrate the support people give to one another, especially as they struggle through difficult times, a theme that may have particular resonance for the princess after abdominal surgery and chemotherapy forced her to step back from public duties for much of 2024. The princess, often referred to simply as Kate, alluded to this in a letter thanking the 1,600 people invited to attend the event because of their efforts to help others in their communities. Hall of Famer Randy Moss is stepping away from ESPN for an extended time to deal with health issue Hall of Fame wide receiver Randy Moss is stepping away from his ESPN analyst role for an extended time to focus on a personal health challenge, the network said in a statement. Moss revealed last week that he’s dealing with a health issue and asked fans to pray for him and his family. The 47-year-old ESPN football analyst made his announcement on Instagram from the set of the network’s “Sunday NFL Countdown” show. He directed his message to men and urged them to get checkups and bloodwork done, without specifying any particular illness. More than a million oven gloves are being recalled after consumers report 92 minor burns NEW YORK (AP) — More than one million pairs of oven gloves are being recalled due to a burn hazard, after dozens of injury reports. Video and e-commerce retailer QVC is recalling about 1.1 million of its “Temp-tations Oven Gloves” because they fail to provide sufficient heat protection. According to the U.S. Consumer Product Safety Commission, QVC has received 162 reports of insufficient heat protection, including 92 minor burns. Consumers in possession of the now-recalled gloves are urged to stop using them immediately — and contact QVC for a refund. Lionel Messi wins MLS MVP award, the latest trophy on a long list of honors for the Inter Miami star FORT LAUDERDALE, Fla. (AP) — Lionel Messi is the MVP of Major League Soccer for 2024. The award comes after a season where he missed 15 of Inter Miami’s 34 regular-season matches with injuries or commitments to Argentina’s national team. He still factored into a league-high 36 goals by scoring 20 and assisting on 16 others. His 2.1 goal contributions per 90 minutes played is the best by any player in any season in MLS history. MLS revealed the voting results Friday. Messi edged out Columbus Crew forward Cucho Hernández for the award, which is determined by a poll of players, club technical staff and select media members. Alternative healer gets 10 years in UK prison for death of woman at slap therapy workshop LONDON (AP) — An alternative healer who advocated “slapping therapy” to treat a range of maladies has been sentenced to 10 years in prison for the death of a 71-year-old diabetic woman who stopped taking insulin during his workshop. Hongchi Xiao, 61, was sentenced Friday after being convicted of manslaughter by gross negligence for failing to get medical help for Danielle Carr-Gomm in 2016. Prosecutors say she was howling in pain and frothing at the mouth during the fourth day of a workshop. The California healer promoted paida lajin therapy that advocates slapping to release “poisonous waste” from the body. He was previously convicted of manslaughter in the death of a six-year-old boy in Australia. Stellantis recalling more than 300,000 Ram trucks for braking system defect Stellantis is recalling more than 300,000 Ram Heavy Duty pickup trucks because a faulty part could cause certain braking and tracking systems to fail. The Netherlands-based automaker said the hydraulic control unit on the trucks is prone to failure, which can cause the anti-lock brake, electronic stability control and traction control systems to not work properly. Stellantis said regular braking systems are not affected by the defective part and that it’s unaware of any related injuries. The trucks in question are all model years 2017-18 and include the Ram 2500, 3500, 4500 and 5500. The company is unaware of any injuries related to the defect. El Salvador's president is triumphant after his bet on bitcoin comes true SAN SALVADOR, El Salvador (AP) — El Salvador's President Nayib Bukele is triumphant about his big bet on bitcoin as the cryptocurrency reached historic highs, surpassing $100,000 for the first time. Bitcoin has been legal tender in the country since 2021 but it never quite matched the president’s enthusiasm. The value of the government’s reported investment now stands at more than $600 million. Bitcoin has rallied mightily since Donald Trump’s election victory last month, exceeding the $100,000 mark on Wednesday night, just hours after the president-elect said he intends to nominate cryptocurrency advocate Paul Atkins to be the next chair of the Securities and Exchange Commission. NBA returning to China for pair of Suns-Nets preseason games in 2025 The NBA is returning to China next season. The league has struck a deal to play preseason games there more than five years after the league was effectively banned for Commissioner Adam Silver not punishing Daryl Morey for tweeting support of anti-government protesters in Hong Kong. Brooklyn and Phoenix will play games in China’s gambling hub of Macao on Oct. 10, 2025, and again two days later. There are more games planned for China in 2026, a source told The Associated Press. F1 champion Max Verstappen to become first-time father with girlfriend Kelly Piquet ABU DHABI, United Arab Emirates (AP) — Formula 1 champion Max Verstappen is set to become a father for the first time with his girlfriend Kelly Piquet. There’s racing heritage on both sides of the family. Verstappen secured his fourth F1 title last month and Kelly’s father Nelson Piquet was a three-time champion in the 1980s. Verstappen says on Instagram that "we couldn’t be happier with our little miracle.” Verstappen is aiming to win his 10th F1 race of the year at the season-ending Abu Dhabi Grand Prix on Sunday. Practice gets underway later.After the Australian data watchdog that retail chain Bunnings was breaching the country’s privacy laws by using facial recognition, the company received some unexpected support. A conducted by news.com.au this week revealed that 78 percent of nearly 11,000 respondents supported the company’s use of the controversial program, calling it an “important tool.” The news comes after Bunnings showing its staff being abused at work, which supports its claims that facial recognition systems are necessary for security. The household hardware and gardening chain store also indicated that it may appeal to the decision of the Office of the Information Commissioner (OAIC), adding that the technology reduced incidents of abuse, threats and assaults by half. Last week, the OAIC found Bunnings in breach of Australia’s Australian privacy law, which states that biometric data derived from facial recognition is highly sensitive and requires consent for collection. The company trialed the facial recognition system between November 2018 and November 2021, capturing the faces of customers in 63 of its stores across the Australian states of Victoria and New South Wales. Former Australian Human Rights Commissioner Edward Santow said that authorities are concerned about the technology despite “legitimate concerns” such as preventing crime. “What you’re creating with this sort of facial recognition is a kind of virtual line up and we’re always in it every time we walk into one of those stores,” he told the media outlet. The company has also worked with the police in testing the system. Faces were matched against a “limited database” of almost 500 banned people, created by Bunnings stores by trawling through CCTV footage and collecting independent records from the police. Santow points out that current facial recognition systems rely on data captured without “rigor.” The legal expert, who currently works as Director for Policy and Governance at the Human Technology Institute at the University of Technology Sydney, also questioned the bias leading to errors with people with darker skin, women and other categories. The OAIC decision was hailed as a “landmark decision” by consumer group Choice, which has been highlighting facial recognition use by retailers such as Bunnings and Kmart. The latter is also under OAIC investigation. The ruling, however, could have broader effects on any organizations that use CCTV in Australia, according to Mullins law firm. “This case serves as a wake-up call for all organizations to consider their privacy practices, including in relation to the information they collect and why,” writes Andrew Nichols, partner at Mullins. In September, the OAIC also wrapped up an ’s use of facial recognition technology, after the retailer promised it would not repeat its 2021 breaches of the Privacy Act. UK’s supermarket chain Iceland Foods is standing in support of facial recognition. The frozen food stores’ executive chairman Richard Malcolm Walker shared his reaction on social media to recently released statistics from a UK Parliament committee. The data showed that nearly 17 million shoplifting incidents are happening every year, costing retailers almost £2 billion (US$2.5 billion). “Whilst we don’t yet use it, I will HAPPILY trial and use legal, proportionate facial recognition technology as an effective response to the very real threat my colleagues face,” Walker on LinkedIn. The statistics were by the Justice and Home Affairs Committee which called for reforms to address organized retail crime. In a letter to Policing Minister Diana Johnson, the group highlighted an unprecedented spike in large-scale theft operations. Facial recognition tools could become a crucial asset in identifying and deterring habitual offenders in retail settings, the committee concluded. An Illinois federal court has refused to dismiss a lawsuit against Target, that there was the plaintiff submitted enough sources to create a “plausible inference” that the retailer engaged in the alleged conduct. The Biometric Information Privacy Act (BIPA) lawsuit was by a group of four customers who claimed that the retail giant was collecting and storing their biometrics without their consent. Target argued that the court should not accept the complaint because it is based on news articles and internet posts, USA Today . One of the women in the suit claims that Target employees followed her through the store and viewed her LinkedIn profile shortly after she entered it. The judge also noted that Target has declined to reveal the name of the video surveillance equipment provider to one of the plaintiff’s attorneys. And while retailers are struggling with facial recognition regulation, some companies are trying to find novel solutions. Paris-based company has developed AI technology that alerts store owners of shoplifting without collecting biometric data. Instead of facial recognition, the software detects gestures associated with potential shoplifting such as people putting items in their bags or clothes. A shoplifting attempt will generate a real-time video alert on the store owner’s mobile phone which allows them to approach the client and ask if they need help – warning them that they are being watched. Since the technology focuses on analyzing body movements, it does a better job at avoiding bias from store employees, Veesion co-founder Benoit Koenig CBS News. The firm’s technology can be incorporated into existing CCTV systems and is being used in 4,000 stores worldwide, including 500 in the U.S. | | | | | | | |

blasted "selfish" for making promising season about himself with his contract claims. After the Reds' victory over , Salah, whose contract is set to expire in the summer, bemoaned not being offered new terms by the Liverpool hierarchy. With his future hanging in the balance and foreign clubs able to start negotiating a free transfer come January, Carragher ripped into Salah for his timing - especially given Liverpool's title ambitions with new gaffer . Come and join The Daily Star on , the social media site set up by ex-Twitter boss Jack Dorsey. It's now the new go-to place for content after a mass exodus of the Elon Musk-owned Twitter/X. Fear not, we're not leaving , but we are jumping on the bandwagon. So come find our new account on , and see us social better than the rest. You can also learn more about The Daily Star team in what Bluesky calls a . So what are you waiting for?! Let's The ex-Liverpool defender fumed on Sky Sports: "Of course there's been discussions, yeah. Right now, there's obviously a big difference in the valuation. Whatever Mo Salah and his agent value themselves at, whether that be financially or in terms of length of contract, and what Liverpool do. "So the reason Liverpool wouldn't have offered a contract yet is because Mo Salah will turn it down. So they're still in talks, I'm desperate for them to meet in the middle. Want to be on the ball with all of the latest football news? Well then sign up for the brilliant Daily Star Football email newsletter! From the latest transfer news to breaking stories, get it all in your email inbox. It only takes a matter of seconds. Simply , then provide your email address and that's it, job done. You'll receive an email with all of the top football stories. You can also sign up for our sport email, Off the Ball, for all the latest darts, boxing, snooker, F1 stories and more, "But I must say, I am very disappointed with Mo Salah. That interview last night after the game when it comes out. Liverpool have got midweek and they've got at the weekend. That's the story for Liverpool right now. "Mo Salah, we're all aware, certainly the local reporters are in Liverpool, that in the seven years he's been at the football club, he's stopped in the mixed zone twice," reports . "Which is his right which is absolutely fine but he decided to stop for the third time away at Southampton on the back of winning the game and putting that out. "The most important thing for Liverpool Football Club this season is not the future of Mo Salah, not the future of Virgil van Dijk and not the future of Trent Alexander-Arnold. The most important thing is Liverpool winning the Premier League, that is more important than any of those players." "And if he continues to put comments out and his agent keeps putting cryptic tweets out, that's selfish. That's thinking about themselves and not the football club." Salah will be aiming to continue his hot form over the coming week with two tricky games. The Reds take on Real Madrid in the on Wednesday ahead of a showdown with Premier League title rivals Manchester City.School district officials who punished two parents for wearing pink wristbands marked “XX” during a soccer game featuring a transgender player defended their decision Friday at a hearing on whether they can take similar action while they are being sued. Kyle Fellers and Anthony Foote were banned from school grounds after the September game by officials who viewed the wristbands as intimidation or harassment of a transgender player. They later sued the Bow school district, and while the no-trespass orders have since expired, a judge is deciding whether the plaintiffs should be allowed to wear the wristbands and carry signs at upcoming school events, including basketball games, swim meets and a music concert, while the case proceeds. Both men testified Thursday that they didn’t intend to harass or otherwise target a transgender player on the opposing team, and their attorneys have argued they did nothing more than silently express their support for reserving girls’ sports for those born female. But school officials testified Friday that they had reason to believe the men wouldn’t stop there. Superintendent Marcy Kelley and Bow High School Athletic Director Michael Desiletes described receiving strongly-worded emails from Foote in which he called himself a “real leader” who was prepared to take action and seeing his social media posts urging others to attend the game. In the days leading up to the game, another parent told school officials she overheard others talk about showing up to the game wearing dresses and heckling the transgender player. “When we suspect there’s some sort of threat ... we don’t wait for it to happen,” Kelley said, comparing it to the way school officials wouldn’t wait until a fight broke out between two students to intervene if they got wind of it beforehand. Kelley also pushed back on the idea that the plaintiffs were simply expressing support for their daughters and their teammates in general, noting that they chose the one game involving a transgender player to begin wearing the wristbands. “This was organized and targeted,” she said. “If we were to allow harassment, we’re liable.” The transgender player in question, Parker Tirrell, and another student athlete are challenging the state law that bans transgender athletes in grades 5 to 12 from teams that align with their gender identity. A federal judge ruled in their case that they can play sports during the ongoing lawsuit that seeks to overturn the law. Gov. Chris Sununu , who signed the Fairness in Women’s Sports Act into law in July, has said it “ensures fairness and safety in women’s sports by maintaining integrity and competitive balance in athletic competitions.” About half of states have adopted similar measures.

Syrian government services come to a 'complete halt' as state workers stay home after rebel takeover

ORCHARD PARK, N.Y. (AP) — In a season that began with many questions and lowered expectations , it was apt watching Bills quarterback Josh Allen join coach Sean McDermott lay on the cold, wet sideline to make snow angels in celebrating Buffalo’s earliest clinching of a division title in team history. That Allen took part was no surprise. The newly engaged 28-year-old has maintained the happy-go-lucky approach he brought with him to Buffalo as a raw-talented athlete in 2018, while gradually blossoming into one of the NFL’s elite quarterbacks. For McDermott, it was a pleasant surprise to see the usually reserved eight-year coach finally let his hair down — figuratively, because the few jokes he does make are usually about being bald. With his latest do-it-all three-TD outing — one rushing, one receiving and, the coup de grace, being credited with receiving his own pass for a score off a lateral from Amari Cooper — in a 35-10 win over San Francisco on Sunday night , Allen continued making his strongest NFL MVP case. What’s also becoming apparent is how much McDermott deserves consideration for coach of the year honors. Without the two, the Bills (10-2) wouldn’t be in this position in becoming just the eighth NFL team — and first since Indianapolis in 2009 — to clinch a division title with at least five games remaining in their schedule. It’s reflective of how the two have grown together in what, on the outside, could be perceived as an odd couple relationship between an offensive-minded, swashbuckling quarterback and a defensive-minded coach, too often knocked for being too conservative. Perhaps, it’s Allen’s boyish nature that has brought out the risk-taker in McDermott, who has carried over the aggressive approach he takes to defense by placing trust in his quarterback. It’s become apparent in everything the Bills have accomplished so far in having at least 10 wins through 12 games for just the fifth time in team history, and first since 1991, when Buffalo was led by eventual Hall of Famers in coach Marv Levy and quarterback Jim Kelly. Buffalo has won seven straight since consecutive losses to Baltimore and Houston. And the Bills have scored 30 or more points in six straight outings, matching the team record set in 2004. Allen is doing more with less on an offense that was supposed to be hampered following the offseason departures of receivers Stefon Diggs and Gabe Davis and center Mitch Morse. The Bills are more balanced in leaning on their running attack, while Allen has also curtailed his turnover-prone ways. He's lost two fumbles and thrown just five interceptions after being picked off a career-worst 18 times last season. Meantime, McDermott has taken a different approach to fourth down situations. The Bills have converted 13 of 15 fourth down attempts after going 9 of 16 last season and 7 of 13 in 2022. The most fourth down attempts during McDermott’s tenure came in 2021, when Buffalo converted just 11 of 22. This is but an example of the bond the quarterback and coach have built in a shared objective of overcoming past playoff failures. Clinching a division title is but one step, with the Bills now focused on catching the Kansas City Chiefs (11-1), whom they’ve beaten already , for the AFC’s top seed. In calling it the team’s next goal, McDermott went off script from his usual game-at-a-time message by noting the importance of celebrating a division-clinching win, if only for one day. “Being 50 years old and 20-plus years in this league, I’ve learned to try and enjoy the moments,” McDermott said. “And this is a moment, right?” It certainly was. Turnover differential. Buffalo’s defense forced three fumbles, including one at its goal line, while the offense didn’t commit a giveaway. The Bills upped their league-leading turnover differential entering Monday to plus-17. Run defense. Though the conditions were snowy and slick, the Bills allowed 119 yards rushing in the first half before the 49ers were forced to start passing the ball once the score became lopsided. Buffalo particularly struggled in stopping Christian McCaffrey, who had 53 yards on seven carries before leaving the game with a potential season-ending knee injury . LB Matt Milano was in on five tackles while playing 37 of 48 defensive snaps in his first outing in nearly 14 months after being sidelined by a broken right leg and torn left biceps. CB Kaiir Elam, the 2022 first-round pick was a healthy inactive for a second straight outing, and still having difficulty finding a regular role. None reported. 9-0 — The Bills' home record going back to last season, marking their second-longest run in team history. Hit the road for two outings, starting with a trip to face the Los Angeles Rams on Sunday. AP NFL: https://apnews.com/hub/nflFORT COLLINS, Colo., Nov. 25, 2024 (GLOBE NEWSWIRE) -- Woodward, Inc. WWD today reported financial results for its fiscal year 2024 and fourth quarter ending September 30, 2024. All amounts are presented on an as reported (U.S. GAAP) basis unless otherwise indicated. All per share amounts are presented on a fully diluted basis. All comparisons are made to the same period of the prior year unless otherwise stated. All references to years are references to the Company's fiscal year unless otherwise stated. Fourth Quarter and Fiscal Year 2024 Overview Fourth Quarter 2024 Fiscal Year 2024 Net sales $855M, +10% $3.3B, +14% Earnings per share (EPS) $1.36, +2% $6.01, +59% Adjusted EPS 1 $1.41, +6% $6.11, +45% Cash from operations $142M, -7% $439M, +42% Free cash flow 1 $118M, -12% $343M, +48% "We delivered record sales in fiscal 2024 with Woodward revenue exceeding $3 billion for the first time. Robust end market demand along with contributions from operational excellence fueled significant sales growth and earnings expansion," said Chip Blankenship, Chairman and Chief Executive Officer. "In Aerospace, both commercial and defense OEM sales increased due to capacity improvements to meet customer demand, and commercial and defense aftermarket sales increased due to continued high aircraft utilization. Our Industrial business benefitted from increased sales in power generation and transportation. Our performance over the last year reflects the hard work and dedication of Woodward members to deliver on our value proposition and fulfill our purpose. We enter fiscal 2025 with strong momentum. In Aerospace, we anticipate increasing revenue and margin expansion driven by continued strength in commercial markets and increased defense activity. In Industrial, we expect broad-based market strength in power generation and marine transportation, offset by a significant decline in sales related to China on-highway natural gas trucks. We remain focused on growth, operational excellence and innovation to drive shareholder value." Fiscal 2024 Key Highlights Completed $55 million, multi-year transformation of Aerospace Maintenance, Repair and Overhaul (MRO) facility in Loves Park, Illinois, to prepare for aftermarket growth Signed three MRO agreements: To continue servicing Woodward-manufactured components for Lufthansa Technik To be exclusive Thrust Reverser Actuation System (TRAS) MRO contractor for CF34-10E powered fleet for Australia-based Alliance Airlines For Turkish Technic to join Woodward's global licensed asset management provider network, in support of the growing LEAP fleet Expanded participation in next generation aircraft development and demonstrator projects: Selected as rotary actuation technology provider for the NASA and Boeing Transonic Truss-braced Wing X-66A aircraft demonstrator Selected to provide Trim Control Module for JetZero Blended Wing Body Demonstrator Broke ground on Glatten, Germany, expansion to add capacity to support power generation and transportation growth Continued progress in automation and operational excellence through the installation of additional industrial robots and cobots Fourth Quarter and Fiscal Year 2024 Company Results Total Company Results Three Months Ended September 30, Year Ended September 30, Dollars in millions, except per share amounts 2024 2023 Year over Year 2024 2023 Year over Year Income Statement Total Sales $ 855 $ 777 10 % $ 3,324 $ 2,915 14 % Net Earnings 83 83 1 % 373 232 61 % Adjusted Net Earnings 1 86 83 5 % 379 259 47 % EPS $ 1.36 $ 1.33 2 % $ 6.01 $ 3.78 59 % Adjusted EPS 1 $ 1.41 $ 1.33 6 % $ 6.11 $ 4.21 45 % EBIT 1 113 108 4 % 495 321 54 % Adjusted EBIT 1 117 108 8 % 504 356 42 % Effective Tax Rate 18.0 % 15.7 % 230 bps 17.8 % 15.7 % 210 bps Adjusted Effective Tax Rate 1 18.4 % 15.7 % 270 bps 18.0 % 16.8 % 120 bps Cash Flow and Financial Position Cash from operating activities $ 142 $ 153 -7 % $ 439 $ 309 42 % Free cash flow 118 134 -12 % 343 232 48 % Adjusted free cash flow 1 118 135 -13 % 348 238 46 % Dividends Paid 15 13 12 % 58 51 14 % Share Repurchases 86 100 -14 391 126 209 % Total Debt 872 722 21 % Debt to EBITDA 1 Leverage 1.4x 1.5x Segment Results Aerospace Three Months Ended September 30, Year Ended September 30, Dollars in millions 2024 2023 Year over Year 2024 2023 Year over Year Commercial OEM $ 194 $ 167 16 % $ 738 $ 651 13 % Commercial Aftermarket 174 142 22 % 641 548 17 % Defense OEM 126 90 40 % 407 369 10 % Defense Aftermarket 59 56 7 % 243 201 21 % Revenue 553 455 22 % 2,029 1,768 15 % Segment Earnings 106 78 35 % 385 290 33 % Segment Margin % 19.2 % 17.2 % 200 bps 19.0 % 16.4 % 260 bps The increase in segment earnings in the fourth quarter was primarily a result of price realization and higher volume, partially offset by inflation. The increase in segment earnings for the year was a result of price realization and higher volume, partially offset by inflation. Industrial Three Months Ended September 30, Year Ended September 30, Dollars in millions 2024 2023 Year over Year 2024 2023 Year over Year Transportation $ 131 $ 162 -19 % $ 642 $ 527 22 % Power generation 109 106 4 % 424 383 11 % Oil and gas 62 55 12 % 230 236 -3 % Revenue 302 322 -6 % 1,296 1,146 13 % Segment Earnings 38 54 -30 % 230 162 42 % Segment Margin % 12.6 % 16.9 % -430 bps 17.7 % 14.1 % 360 bps The decrease in segment earnings in the fourth quarter was primarily a result of lower volume and unfavorable mix, partially offset by price realization. The increase in segment earnings for the year was a result of price realization and higher volume, partially offset by unfavorable mix. Nonsegment Three Months Ended September 30, Year Ended September 30, Dollars in millions 2024 2023 Year over Year 2024 2023 Year over Year Nonsegment Expenses $ (31 ) $ (24 ) 28 % $ (120 ) $ (131 ) -8 % Adjusted Nonsegment Expenses (27 ) (24 ) 10 % (112 ) (96 ) 16 % Fiscal Year 2025 Guidance Woodward's fiscal 2025 guidance includes a continued strong demand environment and improving operational performance throughout the year. The Aerospace segment guidance includes increasing revenue and margin expansion driven by continued strength in commercial markets and increased defense activity. The Industrial segment guidance includes broad-based market strength in power generation and marine transportation, offset by a significant decline in sales related to China on-highway natural gas trucks. Our fiscal year 2025 guidance includes $40 million in sales related to China on-highway natural gas trucks, which would be a year-over-year decline of approximately $175 million. Woodward, Inc. and Subsidiaries Total Company Sales $3.30 billion - $3.50 billion Effective Tax Rate ~20% Capital Expenditures ~$115 million EPS $5.75 - $6.25 Free Cash Flow $350 million - $400 million Diluted shares outstanding ~61.5 million Segment Data Aerospace Sales up 6% - 13% Segment Earnings (% of Sales) 20% - 21% Industrial Sales down 7% - 11% Segment Earnings (% of Sales) 13% - 14% Conference Call Woodward will hold an investor conference call at 5:00 p.m. EST, November 25, 2024, to provide an overview of the financial performance for its fiscal year 2024 and fourth quarter ending September 30, 2024, business highlights, and outlook for fiscal 2025. You are invited to listen to the live webcast of our conference call, or a recording, and view or download accompanying presentation slides at our website, www.woodward.com 2 . You may also listen to the call by dialing 1-800-715-9871 (domestic) or 1-646-307-1963 (international). Participants should call prior to the start time to allow for registration; the Conference ID is 4675940. The call and presentation will be available on the website by selecting "Investors/Events & Presentations" from the menu and will remain accessible on the company's website for one year. About Woodward, Inc. Woodward is the global leader in the design, manufacture, and service of energy conversion and control solutions for the aerospace and industrial equipment markets. Our purpose is to design and deliver energy control solutions our partners count on to power a clean future. Our innovative fluid, combustion, electrical, propulsion and motion control systems perform in some of the world's harshest environments. Woodward is a global company headquartered in Fort Collins, Colorado, USA. Visit our website at www.woodward.com . Cautionary Statement Information in this press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties, including, but not limited to, anticipated continued strong demand, continued improvements in our operational performance, the results of our ongoing focus on growth, operational excellence and innovation, including whether such focus ultimately leads to long-term term success and enhanced shareholder value, and statements regarding our business and guidance for fiscal year 2025, including our guidance for sales, segment sales as compared to the prior fiscal year, earnings per share, segment earnings margin, effective tax rate, free cash flow, capital expenditures, and diluted weighted average shares outstanding, as well as our assumptions regarding our guidance, anticipated trends in our business and markets, including increased revenue and margin expansion in our Aerospace segment, strength in commercial aerospace markets, defense activity in our Aerospace segment, broad-based market strength in power generation and marine transportation in our Industrial segment, anticipated weakness in the China on-highway natural gas truck market, including our assumptions regarding sales and demand in fiscal 2025. Factors that could cause actual results and the timing of certain events to differ materially from the forward-looking statements include, but are not limited to: (1) global economic uncertainty and instability, including in the financial markets that affect Woodward, its customers, and its supply chain; (2) risks related to constraints and disruptions in the global supply chain and labor markets; (3) Woodward's long sales cycle; (4) risks related to Woodward's concentration of revenue among a relatively small number of customers; (5) Woodward's ability to implement and realize the intended effects of any restructuring efforts; (6) Woodward's ability to successfully manage competitive factors including expenses and fluctuations in sales; (7) changes and consolidations in the aerospace market; (8) Woodward's financial obligations including debt obligations and tax expenses and exposures; (9) risks related to Woodward's U.S. government contracting activities including potential changes in government spending patterns; (10) Woodward's ability to protect its intellectual property rights and avoid infringing the intellectual property rights of others; (11) changes in the estimates of fair value of reporting units or of long-lived assets; (12) environmental risks; (13) Woodward's continued access to a stable workforce and favorable labor relations with its employees; (14) Woodward's ability to manage various regulatory and legal matters; (15) risks from operating internationally; (16) cybersecurity and other technological risks; and other risk factors and risks described in Woodward's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended September 30, 2023, any subsequently filed Quarterly Report on Form 10-Q, as well as its Annual Report on Form 10-K for the year ended September 30, 2024, which we expect to file shortly, and other risks described in Woodward's filings with the Securities and Exchange Commission. The forward-looking statements contained in this press release are made as of the date hereof and Woodward assumes no obligation to update such statements, except as required by applicable law. Woodward, Inc. and Subsidiaries CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (Unaudited - in thousands except per share amounts) Three Months Ended September 30, Year Ended September 30, 2024 2023 2024 2023 Net sales $ 854,488 $ 777,070 $ 3,324,249 $ 2,914,566 Costs and expenses: Cost of goods sold 646,733 587,510 2,447,770 2,236,983 Selling, general and administrative expenses 77,729 65,944 307,499 269,692 Research and development costs 34,689 32,061 140,676 132,095 Restructuring charges - - - 5,172 Interest expense 13,477 11,736 47,959 47,898 Interest income (1,964 ) (1,361 ) (6,458 ) (2,751 ) Other (income) expense, net (17,707 ) (16,860 ) (67,168 ) (50,291 ) Total costs and expenses 752,957 679,030 2,870,278 2,638,798 Earnings before income taxes 101,531 98,040 453,971 275,768 Income taxes 18,235 15,388 81,000 43,400 Net earnings $ 83,296 $ 82,652 $ 372,971 $ 232,368 Earnings per share amounts: Basic earnings per share $ 1.40 $ 1.38 $ 6.21 $ 3.88 Diluted earnings per share $ 1.36 $ 1.33 $ 6.01 $ 3.78 Weighted average common shares outstanding: Basic 59,437 60,103 60,076 59,908 Diluted 61,385 62,039 62,084 61,482 Cash dividends paid per share $ 0.2500 $ 0.2200 $ 0.9700 $ 0.8500 Woodward, Inc. and Subsidiaries CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited - in thousands) September 30, September 30, 2024 2023 Assets Current assets: Cash and cash equivalents $ 282,270 $ 137,447 Accounts receivable 770,066 749,859 Inventories 609,092 517,843 Income taxes receivable 22,016 14,120 Other current assets 60,167 50,183 Total current assets 1,743,611 1,469,452 Property, plant, and equipment, net 940,715 913,094 Goodwill 806,643 791,468 Intangible assets, net 440,419 452,363 Deferred income tax assets 84,392 58,550 Other assets 353,135 325,276 Total assets $ 4,368,915 $ 4,010,203 Liabilities and stockholders' equity Current liabilities: Short term borrowings 217,000 - Current portion of long term debt 85,719 75,817 Accounts payable 287,457 234,328 Income taxes payable 40,692 44,435 Accrued liabilities 292,642 262,616 Total current liabilities 923,510 617,196 Long-term debt, less current portion 569,751 645,709 Deferred income tax liabilities 121,858 132,819 Other liabilities 577,380 543,490 Total liabilities 2,192,499 1,939,214 Stockholders' equity 2,176,416 2,070,989 Total liabilities and stockholders' equity $ 4,368,915 $ 4,010,203 Woodward, Inc. and Subsidiaries CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited - in thousands) For the Year Ended September 30, 2024 2023 Net cash provided by operating activities $ 439,089 $ 308,543 Cash flows from investing activities: Payments for purchase of property, plant, and equipment (96,280 ) (76,500 ) Proceeds from sale of assets 2,292 488 Proceeds from business divestiture 1,800 - Payments for business acquisition, net of cash acquired - 878 Proceeds from sales of short-term investments 9,738 7,692 Payments for purchases of short-term investments (6,767 ) (6,109 ) Net cash used in investing activities (89,217 ) (73,551 ) Cash flows from financing activities: Cash dividends paid (58,286 ) (51,027 ) Proceeds from sales of treasury stock 89,875 50,749 Payments for repurchases of common stock (390,819 ) (126,380 ) Borrowings on revolving lines of credit and short-term borrowings 2,962,800 2,323,500 Payments on revolving lines of credit and short-term borrowings (2,745,800 ) (2,390,300 ) Payments of debt financing costs - (2,236 ) Payments of long-term debt and finance lease obligations (75,817 ) (779 ) Net cash used in financing activities (218,047 ) (196,473 ) Effect of exchange rate changes on cash and cash equivalents 12,998 (8,916 ) Net change in cash and cash equivalents 144,823 29,603 Cash and cash equivalents at beginning of year 137,447 107,844 Cash and cash equivalents at end of year $ 282,270 $ 137,447 Woodward, Inc. and Subsidiaries SEGMENT NET SALES AND EARNINGS (Unaudited - in thousands) Three Months Ended September 30, Year Ended September 30, 2024 2023 2024 2023 Net sales: Aerospace $ 552,790 $ 454,870 $ 2,028,618 $ 1,768,103 Industrial 301,698 322,200 1,295,631 1,146,463 Total consolidated net sales $ 854,488 $ 777,070 $ 3,324,249 $ 2,914,566 Segment earnings*: Aerospace $ 106,065 $ 78,281 $ 385,360 $ 290,104 As a percent of segment net sales 19.2 % 17.2 % 19.0 % 16.4 % Industrial 38,015 54,451 229,857 161,622 As a percent of segment net sales 12.6 % 16.9 % 17.7 % 14.1 % Total segment earnings 144,080 132,732 615,217 451,726 Nonsegment expenses (31,036 ) (24,317 ) (119,745 ) (130,811 ) EBIT 113,044 108,415 495,472 320,915 Interest expense, net (11,513 ) (10,375 ) (41,501 ) (45,147 ) Consolidated earnings before income taxes $ 101,531 $ 98,040 $ 453,971 $ 275,768 *This schedule reconciles segment earnings, which exclude certain costs, to consolidated earnings before taxes. Payments for property, plant and equipment $ 24,087 $ 19,358 $ 96,280 $ 76,500 Depreciation expense $ 21,084 $ 20,942 $ 82,578 $ 82,154 Woodward, Inc. and Subsidiaries RECONCILIATION OF EARNINGS TO ADJUSTED NET EARNINGS 1 (Unaudited - in thousands, except per share amounts) Three Months Ended September 30, 2024 Three Months Ended September 30, 2023 Before Income Tax Net of Income Tax Per Share, Net of Income Tax Before Income Tax Net of Income Tax Per Share, Net of Income Tax Net Earnings (U.S. GAAP) $ 101,531 $ 83,296 $ 1.36 $ 98,040 $ 82,652 $ 1.33 Non-U.S. GAAP adjustments: Non-recurring gain related to a previous acquisition - - - - - - Business development activities - - - - - - Non-recurring charge related to a previous acquisition 4,378 3,129 0.05 - - - Certain non-restructuring separation costs - - - - - - Specific charge for excess and obsolete inventory - - - - - - Product rationalization - - - - - - Non-recurring charge related to customer collections - - - - - - Restructuring charges - - - - - - Total non-U.S. GAAP adjustments 4,378 3,129 0.05 - - - Adjusted net earnings (Non-U.S. GAAP) $ 105,909 $ 86,425 $ 1.41 $ 98,040 $ 82,652 $ 1.33 Woodward, Inc. and Subsidiaries RECONCILIATION OF EARNINGS TO ADJUSTED NET EARNINGS 1 (Unaudited - in thousands, except per share amounts) Year Ended September 30, 2024 Year Ended September 30, 2023 Before Income Tax Net of Income Tax Per Share, Net of Income Tax Before Income Tax Net of Income Tax Per Share, Net of Income Tax Net Earnings (U.S. GAAP) $ 453,971 $ 372,971 $ 6.01 $ 275,768 $ 232,368 $ 3.78 Non-U.S. GAAP adjustments: Non-recurring gain related to a previous acquisition (4,803 ) (3,433 ) (0.06 ) - - - Business development activities 5,902 4,456 0.07 - - - Non-recurring charge related to a previous acquisition 4,378 3,129 0.05 - - - Certain non-restructuring separation costs 2,666 2,013 0.04 2,208 1,661 0.03 Specific charge for excess and obsolete inventory - - - 11,995 9,016 0.15 Product rationalization - - - 10,504 7,896 0.13 Non-recurring charge related to customer collections - - - 4,997 3,761 0.06 Restructuring charges - - - 5,172 3,874 0.06 Total non-U.S. GAAP adjustments 8,143 6,165 0.10 34,876 26,208 0.43 Adjusted net earnings (Non-U.S. GAAP) $ 462,114 $ 379,136 $ 6.11 $ 310,644 $ 258,576 $ 4.21 Woodward, Inc. and Subsidiaries RECONCILIATION OF NET EARNINGS TO EBIT 1 AND ADJUSTED EBIT 1 (Unaudited - in thousands) Three Months Ended September 30, Year Ended September 30, 2024 2023 2024 2023 Net earnings (U.S. GAAP) $ 83,296 $ 82,652 $ 372,971 $ 232,368 Income taxes 18,235 15,388 81,000 43,400 Interest expense 13,477 11,736 47,959 47,898 Interest income (1,964 ) (1,361 ) (6,458 ) (2,751 ) EBIT (Non-U.S. GAAP) 113,044 108,415 495,472 320,915 Non-U.S. GAAP adjustments* 4,378 - 8,143 34,876 Adjusted EBIT (Non-U.S. GAAP) $ 117,422 $ 108,415 $ 503,615 $ 355,791 *See Reconciliation of Net Earnings to Adjusted Net Earnings 1 tables above for the list of Non-U.S. GAAP adjustments made in the applicable periods. Woodward, Inc. and Subsidiaries RECONCILIATION OF NET EARNINGS TO EBITDA 1 AND ADJUSTED EBITDA 1 (Unaudited - in thousands) Three Months Ended September 30, Year Ended September 30, 2024 2023 2024 2023 Net earnings (U.S. GAAP) $ 83,296 $ 82,652 $ 372,971 $ 232,368 Income taxes 18,235 15,388 81,000 43,400 Interest expense 13,477 11,736 47,959 47,898 Interest income (1,964 ) (1,361 ) (6,458 ) (2,751 ) Amortization of intangible assets 8,244 9,500 33,592 37,589 Depreciation expense 21,084 20,942 82,578 82,154 EBITDA (Non-U.S. GAAP) 142,372 138,857 611,642 440,658 Non-U.S. GAAP adjustments* 4,378 - 8,143 34,876 Adjusted EBITDA (Non-U.S. GAAP) $ 146,750 $ 138,857 $ 619,785 $ 475,534 *See Reconciliation of Net Earnings to Adjusted Net Earnings 1 tables above for the list of Non-U.S. GAAP adjustments made in the applicable periods. Woodward, Inc. and Subsidiaries RECONCILIATION OF NONSEGMENT EXPENSES TO ADJUSTED NONSEGMENT EXPENSES 1 (Unaudited - in thousands) Three Months Ended September 30, Year Ended September 30, 2024 2023 2024 2023 Nonsegment expenses (U.S. GAAP) $ 31,036 $ 24,317 $ 119,745 $ 130,811 Non-recurring gain related to a previous acquisition - - 4,803 - Business development activities - - (5,902 ) - Non-recurring charge related to a previous acquisition (4,378 ) - (4,378 ) - Certain non-restructuring separation costs - - (2,666 ) (2,208 ) Specific charge for excess and obsolete inventory - - - (11,995 ) Product rationalization - - - (10,504 ) Restructuring charges - - - (5,172 ) Non-recurring charge related to customer collections - - - (4,997 ) Adjusted nonsegment expenses (Non-U.S. GAAP) $ 26,658 $ 24,317 $ 111,602 $ 95,935 Woodward, Inc. and Subsidiaries RECONCILATION OF CASH FLOW FROM OPERATING ACTIVITIES TO FREE CASH FLOW 1 AND ADJUSTED FREE CASH FLOW 1 (Unaudited - in thousands) Three Months Ended September 30, Year Ended September 30, 2024 2023 2024 2023 Net cash provided by operating activities (U.S. GAAP) $ 141,760 $ 152,913 $ 439,089 $ 308,543 Payments for property, plant and equipment (24,087 ) (19,358 ) (96,280 ) (76,500 ) Free cash flow (Non-U.S. GAAP) 117,673 133,555 342,809 232,043 Cash received for a non-recurring matter related to a previous acquisition - - (4,803 ) - Cash paid for business development activities - - 5,902 - Cash paid for non-recurring matter unrelated to the ongoing operations of the businesses - - 2,725 - Cash paid for certain non-restructuring separation costs - - 985 977 Cash paid for restructuring charges - 1,613 - 5,207 Adjusted free cash flow (Non-U.S. GAAP) 117,673 135,168 347,618 238,227 1 Adjusted and Non-U.S. GAAP Financial Measures : Adjusted net earnings, adjusted earnings per share, adjusted EBIT, adjusted EBITDA, adjusted effective tax rate, and adjusted nonsegment expenses exclude, as applicable, (i) a non-recurring gain related to a previous acquisition, (ii) costs related to business development activities, (iii) non-recurring charge related to a previous acquisition, (iv) certain non-restructuring separation costs, (v) a specific charge for excess and obsolete inventory, (vi) product rationalization, (vii) a non-recurring charge related to customer collections, and (viii) restructuring charges. The product rationalization adjustment pertains to a non-recurring write-off of inventory and assets related to the elimination of certain product lines. The specific charge for excess and obsolete inventory pertains to a non-recurring process change that resulted in the identification and write down of certain excess inventory unrelated to product rationalization. The non-recurring charge related to customer collections pertains to a discrete process issue that was identified and corrected. The Company believes that these excluded items are short‐term in nature, not directly related to the ongoing operations of the business, and therefore, the exclusion of them illustrates more clearly how the underlying business of Woodward is performing. Adjusted free cash flow is free cash flow (defined below) minus cash received for a non-recurring matter related to a previous acquisition, plus cash paid for (i) business development activities, (ii) a non-recurring matter unrelated to the ongoing operations of the business, (iii) certain non-restructuring separation costs and (iv) restructuring charges. Management believes these adjustments to free cash flow better portray Woodward's operating performance. EBIT (earnings before interest and taxes), EBITDA (earnings before interest, taxes, depreciation and amortization), free cash flow, adjusted free cash flow, adjusted net earnings, adjusted earnings per share, adjusted EBIT, adjusted EBITDA, adjusted effective tax rate, and adjusted nonsegment expenses are financial measures not prepared and presented in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP). Management uses EBIT and adjusted EBIT to evaluate Woodward's operating performance without the impacts of financing and tax related considerations. Management uses EBITDA and adjusted EBITDA in evaluating Woodward's operating performance, making business decisions, including developing budgets, managing expenditures, forecasting future periods, and evaluating capital structure impacts of various strategic scenarios. Management also uses free cash flow, which is derived from net cash provided by or used in operating activities less payments for property, plant, and equipment, as well as adjusted free cash flow (as described above), in reviewing the financial performance of Woodward's various business segments and evaluating cash generation levels. Securities analysts, investors, and others frequently use EBIT, EBITDA and free cash flow in their evaluation of companies, particularly those with significant property, plant, and equipment, and intangible assets that are subject to amortization. The use of any of these non-U.S. GAAP financial measures is not intended to be considered in isolation of, or as a substitute for, the financial information prepared and presented in accordance with U.S. GAAP. Because adjusted net earnings, adjusted earnings per share, EBIT, EBITDA, adjusted EBIT, and adjusted EBITDA exclude certain financial information compared with net earnings, the most comparable U.S. GAAP financial measure, users of this financial information should consider the information that is excluded. Free cash flow and adjusted free cash flow do not necessarily represent funds available for discretionary use and is not necessarily a measure of our ability to fund our cash needs. Woodward's calculations of EBIT, EBITDA, adjusted net earnings, adjusted earnings per share, adjusted EBIT, adjusted EBITDA, adjusted effective tax rate, adjusted nonsegment expenses, free cash flow, and adjusted free cash flow may differ from similarly titled measures used by other companies, limiting their usefulness as comparative measures. 2 Website, Facebook, X : Woodward has used, and intends to continue to use, its Investor Relations website, LinkedIn page, Facebook page, and X handle as means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD. Contact: Dan Provaznik Director, Investor Relations 970-498-3849 Dan.Provaznik@woodward.com © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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