Tag: PR Newswire

Tapping into $107 Billion National Industry to Drive Conservation

OKEMOS, Mich., Nov. 18, 2025 /PRNewswire/ — In a significant step to link conservation with economic growth, Michigan Audubon acknowledged the launch of its new “Bird City Michigan” program, with the first five communities to earn the prestigious designation: Ann Arbor, Big Rapids, Iosco County, the Village of Roscommon, and Sterling Heights.

This new statewide initiative in connection with the national American Bird Conservancy’s ‘Bird City Network’ recognizes communities that are making a tangible commitment to creating bird-friendly environments, from planting native species to managing green spaces and educating their residents. The program is a powerful tool for communities to attract a growing segment of nature tourism and position themselves as leaders in sustainability.

“This program supports the idea that what is good for birds is also good for people and our economy. Michigan Audubon is leading the way for birds, nature, and communities, by powering Bird City Michigan,” said Kathleen Mennillo, CEO of Michigan Audubon. “Bird City Michigan empowers local leaders and residents to join the movement, showing that conservation is a strategic path to community engagement and economic prosperity. We’re building a statewide network of communities that are not only beautiful and supportive of our cherished birds, but also financially stronger as a result of this initiative.”

Michigan Audubon’s Director of Research, Max Henschell, Ph.D., says, “Michigan is home to over 460 documented bird species,” driving a massive economic opportunity. A recent U.S. Fish and Wildlife Service report revealed that American birders spent over $107 billion on travel, equipment, and related goods in 2022. Bird City Michigan is designed to help local communities capture a share of this market by providing public recognition and support for creating designated bird-friendly habitats and education programs.

Michigan Audubon is proud to recognize Ford Motor Company as the Founding Sponsor of the Bird City Michigan initiative. This critical partnership fuels Ford’s long-standing commitment to environmental stewardship in its home state and provides the essential resources necessary to expand the program statewide.

The program is already proving its value on a broader stage. Bird-friendly community engagement is also increasing as a result of the Bird City Michigan initiative. Four of the five newly recognized Bird City communities held their first-ever World Migratory Bird Day event, teaching residents how to protect birds during spring and fall migration. The Village of Roscommon’s recent Bird City designation has helped elevate the community’s profile, leading to its recognition as a finalist for the Michigan Municipal League’s annual Community Excellence Award. These success stories serve as a powerful example of how local conservation efforts can garner statewide recognition.

 “We recognize the value that Bird City brings in increasing awareness of Big Rapids, attracting more people to our community, and encouraging them to enjoy our many amenities and businesses.”- Michelle Stenger, Director of Community Development at City of Big Rapids.

With several other communities already in the application process, Michigan Audubon is actively expanding the Bird City Michigan network, providing resources and guidance to cities of all sizes. The organization invites communities and local businesses to join the movement and help make Michigan a top destination for nature lovers everywhere.

For more information on the program and how to get involved, please visit 



https://www.michiganaudubon.org/bird-city-michigan/

About

Bird City Michigan

: It is a conservation and community program powered by the Michigan Audubon Society. It provides public recognition to cities, villages, counties, and campuses that are making our environment safe and welcoming for birds and people. The program helps communities implement conservation practices, educate citizens, and promote birding tourism. The Bird City Michigan website serves as the program’s primary recognition platform. Each community receives a dedicated page to promote its bird-friendly actions, local hot spots, and nature-related events.

About

Michigan Audubon

: Founded in 1904, Michigan Audubon is the state’s oldest conservation organization. Its mission is to connect birds and people for the benefit of both through education, conservation, and research.

Sponsorship Inquiries Contact:

Linda Smith | Michigan Audubon | 405123@email4pr.com | 517-580-7364 Extension 5

Media Contact:

Kirby Wilkerson | Impact Kind | 405123@email4pr.com | 734-812-9032

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SOURCE Michigan Audubon

A new campaign highlighting the silence too many seniors are forced to endure – during the holiday season and beyond – illustrates why donations are so important, particularly in the current environment

ARLINGTON, Va., Nov. 18, 2025 /PRNewswire/ — For millions of older adults, the holidays bring more silence than celebration – especially when a government shutdown and uncertain funding threaten lifelines they rely on. One in two seniors living alone can’t afford basic needs, forcing impossible choices between paying for food or heating their homes. Inclement winter weather further isolates homebound seniors, increasing both loneliness and the risk of malnutrition. That’s why Meals on Wheels America is asking the nation to remember our most vulnerable seniors on Giving Tuesday and throughout the season of giving. A new campaign encourages donations that will help ensure older adults receive the nutritious meals and moments of connection they deserve.

The campaign features a video that puts a fine point on how the holidays often intensify the loneliness many older adults feel year-round, turning what should be a joyful season into a painful reminder of isolation. Inspired by the holiday classic, “Silent Night,” the video showcases how many homebound seniors experience not only silent nights, but silent weeks, months and even years. For some, their only moments of connection come from Meals on Wheels volunteers because, though Meals on Wheels is best known for delivering nutritious meals, that opens the door to a friendly visit, a health and safety check and social connection. This is especially prudent as this year’s holiday season comes at a time when nearly 13 million seniors worry about having enough to eat and 56% report feeling lonely. Everyone can help by donating to Meals on Wheels America this Giving Tuesday, throughout this year’s giving season and year-round. Together – through reliable and increased federal funding, donations and volunteer support – we can help Meals on Wheels providers ensure seniors experience true holiday joy, connection and companionship. And, donations received before 11:59 p.m. this Giving Tuesday, December 2, will be doubled with a $100,000 match from Consumer Cellular.

“We’re so grateful to Consumer Cellular for once again stepping up as our Giving Tuesday matching partner, especially when only 1% of philanthropic dollars support senior causes,” said Kristine Templin, chief development and marketing officer at Meals on Wheels America. “Their continued partnership helps double the impact of every gift, fueling our mission to ensure no senior is left waiting for the nutritious meals and meaningful connection they deserve. As federal funding continues to fall short, this Giving Tuesday we’re calling on policymakers, partners and the public to join us in prioritizing our nation’s seniors by donating, volunteering and advocating so no senior goes hungry or feels forgotten.”

The Meals on Wheels network has the solution to end senior hunger and isolation, but one in three Meals on Wheels providers has a waitlist, with an average wait time of four months – meaning many older adults could be waiting until next year for a warm meal and human connection because local providers don’t have the resources needed to serve them.

Meals on Wheels providers urgently need stronger federal support – and this Giving Tuesday, Meals on Wheels America is seeking donations to bolster national advocacy and resources. The recent historic government shutdown only exacerbated the challenges local providers are grappling with. Though the shutdown has ended, many local providers operate on razor thin margins and will experience delays in receiving reimbursements for services delivered during the shutdown. Meals on Wheels America is urging Congress to pass an emergency supplemental funding package for senior nutrition programs to address the immediate gap caused by the shutdown and ongoing funding shortfalls, as well as increase annual funding for the Older Americans Act Nutrition Program to at least $1.605 billion to meet rising costs and the needs of the growing senior population.

This Giving Tuesday and beyond, don’t overlook Meals on Wheels and the seniors they serve. Sustained support – not just one-time donations or seasonal volunteering – is essential to keep programs running year-round. Help #EndTheWait at mealsonwheelsamerica.org/Silentnight.

ABOUT MEALS ON WHEELS AMERICA
Meals on Wheels America is the leadership organization supporting the more than 5,000 community-based programs across the country that are dedicated to addressing senior hunger and isolation. Powered by a trusted volunteer workforce, this network delivers a comprehensive solution that begins with a meal and is proven to enable independence and well-being through the additional benefits of tailored nutrition, social connection, safety and much more. By providing funding, programming, education, research and advocacy, Meals on Wheels America empowers its local member programs to strengthen their communities, one senior at a time. For more information, or to find a Meals on Wheels provider near you, visit www.mealsonwheelsamerica.org.

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SOURCE Meals on Wheels America

PORTSMOUTH, N.H., Nov. 18, 2025 /PRNewswire/ — Sprague Operating Resources LLC, a leading provider of energy solutions across the Northeast, is proud to celebrate the 25th Anniversary of its groundbreaking work with New York City Transit (NYCT) that pioneered the commercialization of Ultra-Low Sulfur Diesel (ULSD) in the United States. This historic effort began a full decade before the federal mandate took effect, accelerating a major shift in public policy and technology.

Pioneering ULSD to Address a Public Health Crisis

The introduction of ULSD was a critical step in a broader effort to address New York City’s persistent air quality issues. In the late 1990s and early 2000s, with asthma hospitalization rates a major concern across the city, officials faced mounting pressure to curb pollution.

In the face of limited and expensive options—like compressed natural gas buses—NYCT sought an innovative, cost-effective solution.

“In the late 1990s, the NYCT was committed to reducing the environmental impact of the bus fleet,” said Dana Lowell, former head of Research & Development, NYCT Department of Buses. “We immediately saw the value of diesel particulate filter (DPF) technology and were eager to test it. But there was one problem; we needed a ‘special’ ultra-low sulfur diesel fuel to make it work.”

After an extended field test with emissions reporting by Environment Canada, ULSD proved to lower emissions and work with existing equipment seamlessly. In September 2000, Sprague took a bold, proactive step, becoming the pioneer supplier of ULSD to the Metropolitan Transportation Authority (MTA) for the NYCT Clean-Fuel Bus Program. This move occurred a full decade before the federal Environmental Protection Agency (EPA) mandate for all on-road ULSD took full effect, in 2010.

A Technology-Neutral Approach for Maximum Impact

The key to the program’s success was its pragmatic, technology-neutral approach, which invited the fastest and most cost-effective innovations to reduce diesel bus pollution.

ULSD, with a sulfur content of 15 parts-per-million (ppm) compared to the previous standard of up to 500 ppm, did more than just clean up the fuel itself. Crucially, it paved the way for the adoption of modern emissions-reduction technologies, such as DPFs, on diesel buses and trucks.

“The result was a solution that eliminated more than 90 percent of the problem, and a solution that was easily scaled to other transit and trucking fleets across the country and around the world,” said Rich Kassel, who led the “Dump Dirty Diesels” campaign at the Natural Resources Defense Council at the time and co-chaired the task force that considered the technology options.

By pairing the cleaner fuel with the new filter technology, the NYCT program ultimately cut harmful particulate matter pollution from its bus fleet by over 90% by 2006, setting a global standard for urban mass transit.

“We also knew that every dollar spent to clean up old diesel trucks would yield more than twelve dollars in health benefits, making diesel clean-up extremely cost-effective,” said former New Jersey Governor Christine Todd Whitman, who was the Administrator of the U.S. Environmental Protection Agency (EPA) at the time.

Sprague’s Commitment to Cleaner Cities

“This wasn’t just a product switch; it was a commitment to public health, cleaner cities, and the future of transportation,” said Steven J. Levy, Managing Director at Sprague Energy, a central figure in the company’s clean fuel initiatives. “Twenty-five years ago, we recognized the opportunity to partner with NYCT in their quest to reduce emissions. Sprague’s investment in supply and distribution infrastructure proved that ULSD could be implemented at scale, long before the industry was ready. It’s what we do—find solutions for ourselves and our customers.”

Following the tragic events of 9/11, Sprague’s early investment also allowed construction equipment at the World Trade Center site to operate with cleaner fuel. This became a model for “clean construction,” dramatically reducing emissions during the massive rebuilding effort in Lower Manhattan.

Sprague’s leadership was recognized by federal authorities. In 2003, Mr. Levy hosted then-EPA Administrator Christine Todd Whitman and EPA Region II Administrator Jane Kenny at one of Sprague’s ULSD terminals to highlight the private sector’s role.

History Repeats: The Road to Renewable Diesel

The pioneering legacy of the ULSD conversion continues to drive Sprague’s work. That same spirit is evident in the company’s recent focus on Renewable Diesel (RD), a modern, drop-in non-fossil fuel replacement for traditional diesel that significantly cuts greenhouse gas emissions and particulate matter.

“Everything old is new again,” commented Barry Panicola, Managing Director of Commercial Sales at Sprague. “The same way ULSD was introduced before it was required, we’re now doing the same with renewable diesel. ULSD afforded a clean air solution in the early 2000s, and today, RD offers an immediate, non-fossil fuel option as we transition to electrification and other future technologies. We’re seeing history repeat itself, with even better outcomes.”

Sprague is currently:

• Supplying the NYC DOT Staten Island Ferry with Renewable Diesel through a contract with the NYC Department of Citywide Administrative Services (DCAS), further reducing the city’s marine fleet emissions.
• Supplying the first retail fuel stations east of the Rockies in New York City to dispense RD, offering a drop-in solution for commercial and private fleets.
• Generally supplying RD to various government and commercial accounts across its service territory of the Mid-Atlantic and Northeast.

From delivering the first gallons of ULSD to the MTA, to supplying cleaner fuel for construction at Ground Zero, and now leading the RD introduction to the maritime industry, Sprague’s legacy of clean fuel leadership continues.

As Sprague marks this 25-year milestone, the company reaffirms its dedication to leading the energy transition, ensuring that its customers stay ahead of environmental mandates, while it continues its legacy of delivering cleaner, more sustainable energy options to the communities it serves. Learn more at https://www.spragueenergy.com/sustainability/.

About Sprague

Founded in 1870, Sprague Operating Resources LLC is an energy and materials handling company based in Portsmouth, NH. With a rich 155-year history of fueling possibilities and powering progress, Sprague offers a diverse portfolio of products and services, including fuel storage, fuel delivery, electricity, material handling, material storage, natural gas, and solar. Sprague serves commercial, industrial, wholesale, utility, and municipal customers across the Mid-Atlantic, Northeast, and Quebec.

Disclosures:

All information is from Sprague Operating Resources LLC unless otherwise noted and has been obtained from sources believed to be reliable, but its accuracy is not guaranteed. There is no representation or warranty as to the current accuracy, reliability or completeness of, nor liability for, decisions based on such information, and it should not be relied on as such.

The views expressed in this material are as of the date of this press release and are subject to change based on market and other conditions. This material may contain certain statements that may be deemed forward-looking statements. Please note that any such statements are not guarantees of any future performance or results and actual results or developments may differ materially from those projected.

The whole or any part of this work may not be reproduced, copied or transmitted without Sprague Energy’s express written consent.

Media Contact:
Nick Skally
603-430-7231
404999@email4pr.com

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SOURCE Sprague Operating Resources LLC

ALPHARETTA, Ga., Nov. 18, 2025 /PRNewswire/ — Guaranteed Roof, a leading provider of sustainable roofing solutions in the Southeastern United States, announced the substantial environmental impact of its Roof Rejuvenation service, highlighting its role in significantly reducing construction and demolition (C&D) debris in Georgia landfills. The company’s innovative use of Roof Maxx rejuvenation treatment has established an effective alternative to premature roof replacement, helping homeowners save money while mitigating a significant source of waste.

The core of the initiative, the company’s Eco-Restoration Program, is focused on extending the life of asphalt shingles, which typically dry out and become brittle well before their expected lifespan is complete. The application of a plant-based bio-oil is designed to penetrate the asphalt and restore its flexibility and waterproofing capabilities. This process postpones the need for a full replacement by up to five years per treatment, and with repeated applications, can extend a roof’s life by up to 15 years.

Quantifying the Environmental Savings

Annually, asphalt shingle waste accounts for millions of tons of material entering U.S. landfills. Each home that utilizes the roof rejuvenation service avoids a full tear-off project. The material avoided—the old shingles, underlayment, and associated debris—is the volume equivalent of approximately three standard pickup trucks full of landfill debris per roof. This preventative approach supports the state’s green infrastructure goals and offers a practical, high-impact solution to a major environmental problem.

“Our mission is to offer property owners a smarter, more sustainable option than immediate roof replacement,” said Matthew Weeks, CEO of Guaranteed Roof. “Every roof we rejuvenate represents a direct investment in the long-term health of our community and environment. We are not just saving people money; we are making a measurable difference in the volume of construction waste that burdens our local landfills.”

The Eco-Restoration Program provides property owners with a cost-effective alternative to traditional, expensive, and resource-intensive roofing projects.

Guaranteed Roof encourages homeowners to seek a roof inspection to determine if their roof qualifies for the rejuvenation treatment: https://www.guaranteedroof.com/get-a-free-quote

About Guaranteed Roof

Guaranteed Roof
 is a family-focused roofing contractor specializing in affordable, sustainable alternatives to traditional roof replacement, serving Georgia and the broader Southeastern United States. The company is dedicated to using innovative, eco-friendly technologies, such as Roof Maxx, to extend the life of residential and commercial asphalt roofs.

Contact Information
Name: Matthew Weeks
Email: 404378@email4pr.com
Phone Number: (470) 450-7663

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SOURCE Guaranteed Roof

New Federal Budget Agreement Ends Government Shutdown and Expedites FDA Pathway for Innovative, Non-Soy, Plant-Based Infant Nutrition Under Operation Stork Speed

VANCOUVER, BC, Nov. 18, 2025 /PRNewswire/ – ELSE NUTRITION HOLDINGS INC. (BABY) (BABYF) (0YL.F) (“Else” or the “Company”), a global pioneer in whole-food, plant-based nutrition for babies, toddlers, children and adults, today recognizes the bicameral, bipartisan passage of the U.S. Government budget for Fiscal Year 2026 that officially ended the U.S. Government shutdown, marking a major milestone for the Company. The budget signed into law by President Donald Trump includes Report Language bolstering Operation Stork Speed and also directs the Food & Drug Administration (FDA) to streamline regulatory pathways for new infant formulas, specifically including plant-based, non-soy, non-dairy formula solutions, a report provision secured directly through the Company’s Government Affairs initiatives.

This legislative milestone is incorporated into the Congressional Directives of the passed budget through H. Rept. 119-172 and is expected to streamline and accelerate regulatory pathways and guidance at the FDA for plant-based, non-soy, non-dairy formula. Else expects that, as FDA employees return to work now that the U.S. Government shutdown has ended, this guidance process may begin in earnest, marking a pivotal moment for American families seeking inclusive and safe nutritional alternatives.

“For too many parents, the absence of truly inclusive formula options has been a daily worry,” said Hamutal Yitzhak, Co-Founder & CEO of Else Nutrition. “Congress has sent a clear directive: U.S. regulatory policy will soon catch up to the reality that babies’ nutritional needs and families’ values are evolving. We congratulate Congress on this momentum, and we stand ready to deliver on the promise.”

“Furthermore, we are especially grateful to President Trump and Secretary Robert F. Kennedy for their leadership bringing new infant formulas to the American infants who need it most through Operation Stork Speed – a strong initiative that, in part through this legislative development, may soon include plant-based, non-soy, non-dairy formulas.”

Key Highlights

• The report advanced by the U.S. House of Representatives includes language directing the FDA to establish clear approval pathways and provide formal regulatory guidance for plant-based, non-soy, non-dairy infant formulas, recognizing families with allergies, intolerances, sensitivities, or lifestyle/ethical preferences.
• With the government shutdown officially concluded, Else Nutrition is positioned to accelerate engagement with federal regulators to scale U.S. access and support families who have long waited for alternatives.
• Else’s product pipeline, which includes its already-launched toddler nutrition line made from whole foods (almonds, buckwheat, tapioca) and ingredients with clean-label appeal, is now strategically suited for the U.S. infant-formula market when regulatory conditions allow.
• This moment is not only a major business milestone for Else that demonstrated its success in navigating complex U.S. Government regulatory dynamics, but a significant public-health and consumer-choice inflection point: expanding nutritional equity for infants regardless of dietary, allergy, or lifestyle constraints.

 Families across America face a narrowing field of formula choices, often limited to dairy- or soy-based products. For those whose infants cannot use these choices, or for families seeking plant-based, allergen-aware options, innovation has lagged. The U.S. Government’s action, now signed into law, signals a regulatory paradigm shift may be coming in favour of innovation, choice, and accessibility.

Ms. Yitzhak added, “Else has long maintained that every child deserves safe, effective, and nutritionally complete baby formula options that reflect today’s values and challenges. With this legislative accomplishment, we are entering the final phase of the U.S. policy transformation that will enable us to bring those options to market more rapidly and responsibly.”

Else Nutrition will continue direct engagement with the FDA and federal representatives to ensure that implementation of the legislation fosters science-backed, verified product pathways. The Company remains committed to rigorous product standards, transparency, and the needs of families who cannot afford to wait.

About Else Nutrition Holdings Inc.
Else Nutrition Holdings Inc. (TSX: BABY) (OTCQX: BABYF) (FSE: 0YL) is a food and nutrition company in the international expansion stage focused on developing innovative, clean, and plant-based food and nutrition products for infants, toddlers, children, and adults. Its revolutionary, plant-based, non-soy formula is a clean-ingredient alternative to dairy-based formulas. Since launching its Plant-Based Complete Nutrition for Toddlers, made of whole foods, almonds, buckwheat, and tapioca, the brand has received thousands of powerful testimonials and reviews from parents, gained national retailer support, and achieved rapid sales growth.

Awards and Recognition:

• “2017 Best Health and Diet Solutions” award at Milan’s Global Food Innovation Summit
• #1 Best Seller on Amazon in the Fall of 2020 in the New Baby & Toddler Formula Category
• “Best Dairy Alternative” Award 2021 at World Plant-Based Expo
• Nexty Award Finalist at Expo West 2022 in the Plant-Based lifestyle category
• During September 2022, Else Super Cereal reached the #1 Best Seller in Baby Cereal across all brands on Amazon
• In May 2024 Else Nutrition’s Ready-to-Drink Kids Vanilla Shake Named Among the Best in Family-Friendly Products by the Prestigious Mom’s Choice Awards®

TSX


Neither the TSX nor its regulation services provider (as that term is defined in the policies of the TSX) accept responsibility for the adequacy or accuracy of this release.

Caution Regarding Forward-Looking Statements


This press release contains statements that may constitute “forward-looking statements” within the meaning of applicable securities legislation. Forward-looking statements are typically identified by words such as “will” or similar expressions. Forward-looking statements in this press release include statements with respect to the anticipated dates for filing the company’s financial disclosure documents. Such forward-looking statements reflect current estimates, beliefs, and assumptions, which are based on management’s perception of current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. No assurance can be given that the foregoing will prove to be correct. Forward-looking statements made in this press release assume, among others, the expectation that there will be no interruptions or supply chain failures as a result of COVID-19 and that the manufacturing, broker, and supply logistic agreement with the company does not terminate. Actual results may differ from the estimates, beliefs, and assumptions expressed or implied in the forward-looking statements. Readers are cautioned not to place undue reliance on any forward-looking statements, which reflect management’s expectations only as of the date of this press release. The company disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.

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SOURCE Else Nutrition Holdings Inc.

More Than Half Plan to Expand Their Businesses, While Many Remain Worried About Inflation, Interest Rates, Supply Chains and Healthcare Costs

CHARLOTTE, N.C., Nov. 18, 2025 /PRNewswire/ — Small and mid-sized business owners are cautiously optimistic about the coming year, with 74% expecting revenue increases and nearly 60% planning to expand their businesses, according to the 2025 Bank of America Business Owner Report, conducted in partnership with the Bank of America Institute. This corresponds with Bank of America Institute data which found small business profitability growth has remained resilient throughout 2025.

Approximately half of business owners surveyed believe that local (53%), national (48%) and global (45%) economies will improve over the next year. Many noted their confidence would improve with: stabilization of tariff policy (53%), cooling inflation (52%), lower interest rates (52%) and stronger supply chains (39%).

“Business owners are approaching the coming year with confidence and a clear focus on growth,” said Sharon Miller, President of Business Banking at Bank of America, the nation’s number one small business lender, according to the FDIC. “Many plan to retain their current staff and hire more, and anticipate that local, national and global economies will improve.”

Key findings from the report include:

• Navigating a tight labor market – Roughly three in five business owners (61%) say they are currently being impacted by labor shortages. Those affected are personally working more hours due to staff shortages (50%) and raising wages to attract more competitive talent (40%). Because the labor market is tight, only 1% of business owners are planning to lay off employees in the next 12 months, with 43% planning to hire more.
• Adopting AI – AI has become essential to business owners, with 77% having integrated it into their operations in the past five years. Of those, they are using it for marketing (50%), content production (38%), customer service (37%) and inventory management (28%). According to Bank of America Institute, small business payments to tech services, including AI, were up nearly 8% year-over-year as of October.
• Optimizing supply chains – 75% of business owners surveyed say they are currently being impacted by supply chain issues. Of those impacted, 52% are raising the prices of goods and services and 32% are having difficulty sourcing products and services.
• Managing inflation – Most business owners (88%) say they are currently being impacted by inflation, consistent with last year. As a result, they are raising prices of goods and/or services (64%) and reevaluating cash flow and spending for the year ahead (39%).

Looking further into the future, business owners’ focus on growth and innovation over the next five years signals cautious optimism.

• During the remainder of the decade, their priorities include expanding customer bases (47%), expanding products and services (39%) and exploring new marketing tactics (35%).
• Nearly all business owners (91%) plan to adopt more digital tools, including AI, over the next five years to further modernize, increase growth and improve employee efficiency. These business owners plan to:
  • Accept more forms of digital payments (52%).
  • Improve employee workflows to make daily tasks more efficient (47%).
  • Implement more digital-first marketing strategies (45%).
  • Increase cybersecurity measures (30%).
• Business owners are divided when it comes to succession planning, with the majority (70%) not focused on an exit strategy in the next five years. While 60% have a succession plan in place, 40% have yet to prepare for the future of their business.
  • Among those with a succession plan in place, one-third (32%) plan to transition their business to a family member, while 38% plan to sell the business.

Bank of America 2025 Business Owner Report Methodology
Ipsos conducted the 2025 Bank of America Business Owner Report survey online between September 11 and September 23, 2025, using a pre-recruited online sample of business owners. Ipsos contacted a national sample of 819 small business owners in the United States with annual revenue between $100,000 and $4,999,999 and employing between two and 99 employees. Ipsos also interviewed a national sample of 253 medium-sized business owners in the United States with annual revenue between $5,000,000 and $49,999,999 and employing between two and 499 employees. The final results for the national small, medium-sized, and combined (small and medium-sized) business owner samples were weighted to their respective national benchmark standards for size, revenue and region.

Bank of America Institute
Bank of America Institute is dedicated to uncovering powerful insights that move business and society forward. Established in 2022, the Institute is a think tank that draws on data and analyses from across the bank and the world to provide timely and original perspectives on the economy, sustainability, and global transformation. The Institute leverages the depth and breadth of the bank’s proprietary data, from nearly 70 million consumer and small business clients, 58 million verified digital users, $4.3 trillion in total payments in 2024 and $1.2 trillion in consumer and wealth management deposits. From this robust data set, the Institute provides a unique perspective on the health of the economy. It also elevates thought leadership from throughout the bank that addresses long-term trends and shares these findings with the general public.

Bank of America
Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving nearly 70 million consumer and small business clients with approximately 3,600 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 59 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.

For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for news email alerts.

Reporters may contact
Susan Atran, Bank of America
Phone: 1.646.743.0791
susan.atran@bofa.com

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SOURCE Bank of America Corporation

ATLANTA, Nov. 18, 2025 /PRNewswire/ — The Home Depot^®, the world’s largest home improvement retailer, today reported sales of $41.4 billion for the third quarter of fiscal 2025, an increase of $1.1 billion, or 2.8% from the third quarter of fiscal 2024. Total sales include approximately $900 million from the recent acquisition of GMS Inc. (GMS), which represents approximately eight weeks of sales in the quarter. Comparable sales for the third quarter of fiscal 2025 increased 0.2%, and comparable sales in the U.S. increased 0.1%.

Net earnings for the third quarter of fiscal 2025 were $3.6 billion, or $3.62 per diluted share, compared with net earnings of $3.6 billion, or $3.67 per diluted share, in the same period of fiscal 2024.

Adjusted⁽¹⁾ diluted earnings per share for the third quarter of fiscal 2025 were $3.74, compared with adjusted diluted earnings per share of $3.78 in the same period of fiscal 2024.

“Our results missed our expectations primarily due to the lack of storms in the third quarter, which resulted in greater than expected pressure in certain categories. Additionally, while underlying demand in the business remained relatively stable sequentially, an expected increase in demand in the third quarter did not materialize. We believe that consumer uncertainty and continued pressure in housing are disproportionately impacting home improvement demand,” said Ted Decker, chair, president and CEO. “Our teams are continuing to execute at a high level and we believe we are growing our market share. I would like to thank our associates for their continued hard work and dedication.”

Fiscal 2025 Guidance
The company updated its fiscal 2025 guidance, a 52-week year compared to fiscal 2024, a 53-week year, to reflect its third quarter performance, continued pressure in the fourth quarter from the lack of storm activity, ongoing consumer uncertainty and housing pressure, and the inclusion of GMS.

• Total sales growth of approximately 3.0%
  • GMS expected to contribute approximately $2.0 billion in incremental sales
• Comparable sales growth to be slightly positive for the comparable 52-week period
• Approximately 12 new stores
• Gross margin of approximately 33.2%
• Operating margin of approximately 12.6%
• Adjusted⁽¹⁾ operating margin of approximately 13.0%
• Tax rate of approximately 24.5%
• Net interest expense of approximately $2.3 billion
• Diluted earnings-per-share to decline approximately 6.0% from $14.91 in fiscal 2024
• Adjusted⁽¹⁾ diluted earnings-per-share to decline approximately 5.0% from $15.24 in fiscal 2024
• Capital expenditures of approximately 2.5% of total sales

The Home Depot will conduct a conference call today at 9 a.m. ET to discuss information included in this news release and related matters. The conference call will be available in its entirety through a webcast and replay at ir.homedepot.com/events-and-presentations.

At the end of the third quarter, the company operated a total of 2,356 retail stores and over 1,200 SRS locations across all 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. The Company employs over 470,000 associates. The Home Depot’s stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial average and Standard & Poor’s 500 index.

Cautionary Note Regarding Forward-Looking Statements



Certain statements contained herein constitute “forward-looking statements” under the federal securities laws, including as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on currently available information and our current assumptions, expectations and projections about future events, and use words such as “may,” “will,” “could,” “should,” “would,” “anticipate,” “intend,” “estimate,” “project,” “plan,” “believe,” “expect,” “target,” “prospects,” “potential,” “commit” and “forecast,” or words of similar import or meaning or refer to future time periods. Forward-looking statements may relate to, among other things, the demand for our products and services, including as a result of macroeconomic conditions and changing customer preferences and expectations; net sales growth; comparable sales; the effects of competition; our brand and reputation; implementation of interconnected retail, store, supply chain, technology, innovation and other strategic initiatives, including with respect to real estate; inventory and in-stock positions; the state of the economy; the state of the housing and home improvement markets; the state of the credit markets, including mortgages, home equity loans, and consumer and trade credit; the impact of tariffs, trade policy changes or restrictions, or international trade disputes and efforts and ability to continue to diversify our supply chain; issues related to the payment methods we accept; demand for credit offerings including trade credit; management of relationships with our associates, jobseekers, suppliers and service providers; cost and availability of labor; costs of fuel and other energy sources; events that could disrupt our business, supply chain, technology infrastructure, or demand for our products and services, such as tariffs, trade policy changes or restrictions or international trade disputes, natural disasters, climate change, public health issues, cybersecurity events, labor disputes, geopolitical conflicts, military conflicts, or acts of war; our ability to maintain a safe and secure store environment; our ability to address expectations regarding sustainability and human capital management matters and meet related goals; continuation or suspension of share repurchases; net earnings performance; earnings per share; future dividends; capital allocation and expenditures; liquidity; return on invested capital; expense leverage; changes in interest rates; changes in foreign currency exchange rates; commodity or other price inflation and deflation; our ability to issue debt on terms and at rates acceptable to us; the impact and expected outcome of investigations, inquiries, claims, and litigation, including compliance with related settlements; the challenges of operating in international markets; the adequacy of insurance coverage; the effect of accounting charges; the effect of adopting certain accounting standards; the impact of legal and regulatory changes, including executive orders and other administrative or legislative actions, such as changes to tax laws and regulations; store openings and closures; guidance for fiscal 2025 and beyond; financial outlook; and the impact of acquired companies, including SRS and GMS, on our organization and the ability to recognize the anticipated benefits of completed or pending acquisitions.

These statements are not guarantees of future performance and are subject to future events, risks and uncertainties – many of which are beyond our control, dependent on the actions of third parties, or currently unknown to us – as well as potentially inaccurate assumptions that could cause actual results to differ materially from our historical experience and our expectations and projections. These risks and uncertainties include, but are not limited to, those described in Part I, Item 1A. “Risk Factors,” and elsewhere in our Annual Report on Form 10-K for our fiscal year ended February 2, 2025 and also as described from time to time in reports subsequently filed with the Securities and Exchange Commission. There also may be other factors that we cannot anticipate or that are not described herein, generally because we do not currently perceive them to be material. Such factors could cause results to differ materially from our expectations. Forward-looking statements speak only as of the date they are made, and we do not undertake to update these statements other than as required by law. You are advised, however, to review any further disclosures we make on related subjects in our filings with the Securities and Exchange Commission and in our other public statements.

Non-GAAP Financial Measures



To provide additional transparency, we supplement our disclosure with certain non-GAAP financial measures. When used in conjunction with our GAAP financial measures, we believe these supplemental non-GAAP financial measures will help management and investors to better understand and analyze our performance. However, this supplemental information should not be considered in isolation or as a substitute for the related GAAP measures. Refer to the end of this release for an explanation and definitions of these non-GAAP financial measures and reconciliations to the most directly comparable GAAP measures. 

 

 

NON-GAAP FINANCIAL MEASURES

Adjusted operating income, adjusted operating margin (calculated as adjusted operating income divided by total net sales), and adjusted diluted earnings per share are presented as supplemental financial measures in the evaluation of our business that are not required by or presented in accordance with GAAP. The Company excludes the impact of amortization expense from acquired intangible assets from adjusted operating income and adjusted operating margin, and the impact of amortization expense from acquired intangible assets, including the related tax effects, from adjusted diluted earnings per share. We do not adjust for the revenue that is generated in part from the use of our acquired intangible assets. Amortization expense, unlike the related revenue, is not affected by operations in any particular period unless an intangible asset becomes impaired, or the useful life of an intangible asset is revised.

When used in conjunction with our GAAP results, we believe these non-GAAP measures provide investors with meaningful supplemental measures of our performance period to period, make it easier for investors to compare our underlying business performance to peers, and align to how management analyzes trends and evaluates performance internally. The Company provides non-GAAP financial information on this basis to facilitate comparability when we report earnings results. These non-GAAP measures should not be considered in isolation or as a substitute for their comparable GAAP financial measures. Investors should rely primarily on our GAAP results and use non-GAAP financial measures only supplementally in making investment decisions. Our calculation of non-GAAP measures may not be comparable to similarly titled measures reported by other companies and other companies may not define these non-GAAP financial measures in the same way, which may limit their usefulness as comparative measures.

Our adjusted operating margin guidance for fiscal 2025 excludes an expected approximately 40 basis point impact from acquired intangible asset amortization.

Our adjusted diluted earnings per share guidance for fiscal 2025 excludes an expected after-tax impact of approximately $0.45 from acquired intangible asset amortization.

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SOURCE The Home Depot

WILMINGTON, Del., Nov. 18, 2025 /PRNewswire/ — Allied Market Research published a report, titled, “Power Plant EPC Market by Power Plant Type (Thermal Power Plants, Renewable Power Plants, Nuclear Power Plants, and Others), Project Type (Greenfield Projects and Brownfield Projects), and Fuel Source (Coal, Natural Gas, Renewable Energy Sources, and Others): Global Opportunity Analysis and Industry Forecast, 2025-2034″. According to the report, the power plant EPC market was valued at $128.2 billion in 2024, and is estimated to reach $179.2 billion by 2034, growing at a CAGR of 3.5% from 2025 to 2034.

Download PDF Brochure: https://www.alliedmarketresearch.com/request-sample/A325774

Increase in Shift Toward Renewable Energy

Global shift toward renewable energy sources is one of the most significant drivers of the power plant EPC market. With rising concerns about climate change, carbon emissions, and sustainability, governments across the world are enacting ambitious policies to accelerate the deployment of renewable power. This has led to a surge in demand for solar, wind, and hydro-based projects, most of which are executed under EPC models where a single contractor manages design, procurement, construction, and commissioning. Such turnkey arrangements provide greater accountability, reduce risks for project developers, and streamline the implementation of large-scale renewable projects. World-scale offshore wind builds (UK / North Sea & others) projects such as Dogger Bank (three 1.2 GW phases) and other North-Sea developments continued construction and reached large commissioning milestones in this window; governments continued leasing rounds and permitting for vast zones.

Growth of EVs, data centers, and smart homes

The global shift toward electrification is emerging as a powerful driver for the Power Plant EPC market. The rapid adoption of electric vehicles (EVs) is a prime contributor, as transportation systems increasingly rely on electricity instead of fossil fuels. EV charging infrastructure, especially fast-charging networks, requires stable and large-scale electricity supply, which in turn drives demand for new power generation projects. Utilities and governments are working to expand capacity not only to support mobility electrification but also to maintain grid stability, creating significant opportunities for EPC contractors in both renewable and conventional power plant construction. In January 2025, Hyperscalers (Microsoft, Google, AWS, Oracle, CoreWeave, etc.) massively expanded build-outs to meet AI training/inference demand; analysts expect record GW of capacity to break ground in 2025.

Report coverage & details:

Procure Complete Report (334 Pages PDF with Insights, Charts, Tables, and Figures) @ https://www.alliedmarketresearch.com/checkout-final/power-plant-epc-market 

Decommissioning of Aging Infrastructure

Aging power generation infrastructure is a critical factor driving the growth of the Power Plant EPC market. Across North America, Europe, and parts of Asia, many coal-fired and oil-based plants were built several decades ago and are now approaching the end of their operational lifespan. These facilities are often inefficient, expensive to maintain, and incapable of meeting today’s stringent environmental and emissions regulations. As a result, governments and utilities are prioritizing the retirement of outdated plants and commissioning modern, cleaner, and more efficient power generation facilities under EPC models. Renewables build-out, grid upgrades, and storage got large capital flows as countries sought energy security after the 2022 energy shock; this created manufacturing demand for turbines, solar panels, batteries and associated supply-chain infrastructure. (IEA and regional investment reports show rising low-carbon electricity investment through 2024–25).

International Trade and Export Trends in Power Plant EPC

India’s role in the global power EPC market has been evolving, with increasing exports of power-related equipment and services. In fiscal year 2024-25, engineering exports from India recorded double-digit growth, with significant contributions from power and industrial machinery sectors. Notably, in July 2025, engineering exports surpassed $10 billion for the first time in the current fiscal year, marking a significant milestone. However, challenges such as global trade tensions and domestic policy shifts have impacted specific sectors. For instance, India’s solar module exports to the United States declined by 16% year-over-year in 2024, primarily due to the imposition of high U.S. tariffs. These developments underscore the need for strategic adjustments in India’s export strategies within the power EPC domain.

Connect To Industry Expert: https://www.alliedmarketresearch.com/connect-to-analyst/A325774

Increase in Demand for Hydrogen-Based Power Plants

Hydrogen is rapidly emerging as a key component of the global energy transition, and EPC firms are uniquely positioned to capitalize on this trend by constructing hydrogen-ready and hydrogen-fueled power plants. Hydrogen offers the promise of near-zero emissions when produced from renewable sources, making it a strategic solution for decarbonizing hard-to-abate sectors such as heavy industry, shipping, and power generation. Governments and private investors are increasingly funding pilot projects and full-scale hydrogen power plants, creating a growing demand for specialized EPC expertise in this nascent market. National Green Hydrogen Mission (NGHM) launched in January 2023, the NGHM aims to position India as a global leader in green hydrogen production. The mission targets an annual production of 5 million metric tons (MMTPA) by 2030, supported by approximately 125 GW of new renewable energy capacity. The government has allocated $2.1 billion (₹17,490 crore) under the Strategic Interventions for Green Hydrogen Transition (SIGHT) program to incentivize electrolyze manufacturing and green hydrogen production.

Key Players: –

• Bechtel Corporation
• Siemens Energy
• General Electric Company
• LARSEN & TOUBRO LIMITED
• Tata Projects Limited
• Hyundai Engineering & Construction Co., Ltd
• MITSUBISHI HEAVY INDUSTRIES, LTD
• Valmet
• Fluor Corporation
• Technip Energies N.V.

The report provides a detailed analysis of these key players in the global power plant EPC industry. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, and agreements to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to highlight the competitive scenario.

Trending Reports in Energy & Power Industry: 

Floating Power Plant Market Size, Share Outlook and Trend Analysis, 2022 – 2032

Power Plant Maintenance Market Size, Share Analysis and Industry Forecast, 2021 – 2031

Nuclear Power Plant and Equipment Market Analysis and Industry Forecast 2021-2030

Thermal Power Plant Market Size, Competitive Landscape and Trend Analysis, 2021-2030

Mobile Power Plant Market Size, Share, Analysis and Industry Forecast, 2023-2032

About us: 

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. 

Contact us: 
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SOURCE Allied Market Research

KUALA LUMPUR, Malaysia , Nov. 18, 2025 /PRNewswire/ — Vantage Foundation continued its mission to drive meaningful community impact through a recent collaboration with Kechara Soup Kitchen (KSK), one of Malaysia’s leading non-governmental organisations dedicated to serving the urban, rural poor, Orang Asli and houseless communities for more than 17 years. KSK operates through a multi-pronged approach; comprising its Food Bank, Empowerment programmes, and Soup Kitchen; guided by the motto “Hunger Knows No Barriers”. The volunteer activity took place at the Kechara Food Bank in Setapak, a key hub where essential dry goods and daily necessities are stored, organised, and distributed to families in need.

A total of ten Vantage Foundation volunteers took part in the outreach programme, working alongside KSK staff to prepare and deliver food aid packs. The team visited six registered households in Cheras and Jinjang, each identified by KSK as part of vulnerable groups affected by urban poverty. Beneficiaries included families living in poor or unstable conditions, households with disabled members, and elderly individuals living alone without family support.

Through this hands-on experience, volunteers were able to witness the realities of food insecurity in urban Malaysia. Many families rely on monthly support to meet basic needs, and the deliveries helped ensure they had access to essential items such as rice, canned food, hygiene products, and daily necessities.

“Participating in this outreach allowed us to better understand the structural challenges faced by vulnerable communities in Kuala Lumpur,” said Steven Xie, Executive Director of Vantage Foundation. “It was a humbling reminder that small acts of service can create meaningful impact when directed to those who need it most.”

Vantage Foundation

Vantage Foundation is an independent charitable organization launched at the McLaren Technology Centre in the UK in 2023. The foundation has partnered with organisations worldwide, including Grab Indonesia, the iREDE Foundation in Nigeria, Teach for Malaysia, and Instituto Claret in Brazil, to drive impactful social initiatives.

For more information, please visit www.vantage.foundation

Kechara Food Bank

The Kechara Food Bank is a key arm of Kechara Soup Kitchen’s mission, focusing on preventing at-risk individuals and families from falling into homelessness. Unlike KSK’s traditional soup kitchen, which provides hot meals, medical care, and welfare aid to homeless individuals, the Food Bank supplies dry goods and essential items to marginalised families to help stabilise their living conditions.

For more information, please visit https://kecharasoupkitchen.com/

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SOURCE Vantage Foundation

MELBOURNE, Australia, Nov. 18, 2025 /PRNewswire/ — Global energy technology leader Trina Storage, a division of Trinasolar, has signed a Memorandum of Understanding (MoU) with Pacific Green Energy Group (Pacific Green) to deliver up to 5 gigawatt-hours (GWh) of battery energy storage systems (BESS) between 2026 and 2028. 

The MoU represents one of the largest energy storage collaborations. When completed, the projects will be capable of storing and dispatching up to five billion watts per hour into the grid, strengthening reliability and accelerating the clean energy transition toward a low-carbon future.

Under the MoU, Trina Storage will supply its advanced grid-scale battery systems, integrating industry-leading technology designed for safety, efficiency, and longevity. Pacific Green will oversee development and project delivery across multiple sites in Australia and other international markets.

Helena Li, President of Trinasolar, said the partnership underscores Trinasolar’s ongoing commitment to advancing global clean energy goals.

“This MoU marks a major milestone for both Trina Storage and Pacific Green in the global renewable energy landscape, including Australia. A 5GWh supply commitment demonstrates the scale and confidence driving our partnership with Pacific Green. Together, we are combining innovation, global expertise, and local execution to enable a more resilient and sustainable energy future,” Li said.

“This partnership enables us to deliver our growing global pipeline efficiently and at scale,” said Scott Poulter, CEO of Pacific Green. “Together, we’re accelerating the deployment of projects that support the clean energy transition.” 

The collaboration builds on Trinasolar’s established footprint in Australia, following earlier partnerships such as the 1.5GW Vertex N module supply agreement with Marubeni Australia, and the Limestone Coast North Energy Park Project announced earlier this year in South Australia, a pivotal project for Pacific Green with an enterprise value of AUD $460 million and a planned installed capacity of 250 MW/500 MWh. These projects reinforce Trinasolar’s strategic role in delivering integrated solar and storage solutions across the Asia-Pacific region. 

Pacific Green currently manages a global storage pipeline of 11 GWh, including 7GWh in Australia and 4GWh across Europe, highlighting the strong and expanding partnership between the two companies in advancing the global clean energy transition.

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SOURCE Trina Storage