All articles tagged with #portfolio optimization
Originally Published 2 months ago — by PennLive.com
Six Flags America in Maryland, a popular amusement park with over 100 rides, is closing after 50 years as part of the company's portfolio optimization, with the property now being marketed for sale.
Originally Published 7 months ago — by Baker Hughes
Baker Hughes announced the sale of its Precision Sensors & Instrumentation product line, including brands like Druck, Panametrics, and Reuter-Stokes, to Crane Company for approximately $1.15 billion, as part of its strategy to focus on core competencies and optimize its portfolio. The transaction is expected to close by early 2026, subject to regulatory approvals.
Originally Published 1 year ago — by Fox Business
Dollar Tree plans to close nearly 1,000 U.S. stores, including 600 Family Dollar stores in the first half of 2024, as part of its portfolio optimization after suffering a significant quarterly loss of $1.71 billion. An additional 370 stores will close once their leases expire.
Originally Published 2 years ago — by Goodyear Corporate
Goodyear Tire & Rubber Company has announced a transformation plan called "Goodyear Forward" aimed at optimizing its portfolio, expanding margins, and reducing leverage to create shareholder value. The plan includes pursuing strategic alternatives for its Chemical business, the Dunlop brand, and the Off-the-Road equipment tire business, as well as implementing cost reduction and top-line actions to drive profitability. Goodyear aims to double its segment operating income margin to 10% by the end of 2025 and achieve a net leverage of 2.0x - 2.5x by the same time. The company expects to generate over $2 billion in gross proceeds from portfolio optimization and reduce debt by approximately $1.5 billion.