FTAI Infrastructure Key Executives

This section highlights FTAI Infrastructure's key executives, including their titles and compensation details.

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FTAI Infrastructure Earnings

This section highlights FTAI Infrastructure's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.

Next Earnings Date

Date: May 06, 2025
Time: Before Market
Est. EPS: $-
Status: Unconfirmed

Last Earnings Results

Date: February 27, 2025
EPS: $-0.74
Est. EPS: $-0.37
Revenue: $80.76M

Earnings Call Transcripts

Transcript Quarter Year Date Estimated EPS Actual EPS
Read Transcript Q4 2024 2025-02-28 N/A N/A
Read Transcript Q3 2024 2024-11-01 N/A N/A
Read Transcript Q2 2024 2024-08-02 $-0.36 $-0.52
Read Transcript Q1 2024 2024-05-08 N/A N/A
Read Transcript Q4 2023 2024-03-01 N/A N/A
Read Transcript Q3 2023 2023-10-27 N/A N/A
Read Transcript Q2 2023 2023-07-26 N/A N/A
Read Transcript Q1 2023 2023-05-07 N/A N/A

FTAI Infrastructure Inc. (FIP)

FTAI Infrastructure Inc. focuses on acquiring, developing, and operating assets and businesses that represent infrastructure for customers in the transportation and energy industries. It operates a multi-modal crude oil and refined products terminal, and other related assets. The company also has a 1,630-acre deep-water port located along the Delaware River with an underground storage cavern, a multipurpose dock, a rail-to-ship transloading system, and multiple industrial development opportunities; and a 1,660-acre multi-modal port located along the Ohio River with rail, dock, and multiple industrial development opportunities, including a power plant under construction. In addition, it operates five freight railroads and one switching facility. FTAI Infrastructure Inc. was incorporated in 2021 and is based in New York, New York. FTAI Infrastructure Inc. (NasdaqGS : FIP) operates independently of Fortress Transportation and Infrastructure Investors LLC as of August 1, 2022.

Industrials Conglomerates

$4.53

Stock Price

$516.16M

Market Cap

670

Employees

New York, NY

Location

Financial Statements

Access annual & quarterly financial statements for FTAI Infrastructure, including income statements, balance sheets, and cash flow statements..

Annual Income Statement

Breakdown December 31, 2024 December 31, 2023 December 31, 2022 December 31, 2021 December 31, 2020
Revenue $331.50M $320.47M $261.97M $120.22M $68.56M
Cost of Revenue $- $347.13M $16.84M $168.19M $113.58M
Gross Profit $331.50M $-26.66M $245.12M $-47.98M $-45.02M
Gross Profit Ratio 100.00% -8.30% 93.57% -39.90% -65.66%
Research and Development Expenses $- $- $- $- $-
General and Administrative Expenses $14.80M $12.83M $23.86M $24.38M $21.59M
Selling and Marketing Expenses $- $- $- $- $-
Selling General and Administrative Expenses $14.80M $12.83M $23.86M $24.38M $21.59M
Other Expenses $232.88M $- $278.91M $152.56M $100.50M
Operating Expenses $247.67M $12.83M $302.76M $176.93M $122.10M
Cost and Expenses $247.67M $359.96M $302.76M $176.93M $122.10M
Interest Income $- $- $53.24M $16.02M $10.76M
Interest Expense $122.11M $99.60M $53.24M $16.02M $10.76M
Depreciation and Amortization $79.41M $80.99M $70.75M $54.02M $31.11M
EBITDA $-61.23M $23.32M $-59.06M $-39.94M $-31.83M
EBITDA Ratio -18.47% 7.28% -15.50% -20.90% -37.10%
Operating Income $83.82M $-39.49M $-111.36M $-79.14M $-56.55M
Operating Income Ratio 25.29% -12.32% -42.51% -65.83% -82.48%
Total Other Income Expenses Net $-346.57M $-117.79M $-141.02M $-53.26M $-20.17M
Income Before Tax $-262.75M $-157.28M $-183.05M $-109.97M $-73.71M
Income Before Tax Ratio -79.26% -49.08% -69.88% -91.48% -107.50%
Income Tax Expense $3.31M $2.47M $4.47M $-3.63M $-1.98M
Net Income $-223.65M $-121.34M $-187.52M $-106.34M $-71.72M
Net Income Ratio -67.47% -37.86% -71.58% -88.46% -104.61%
EPS $-2.07 $-1.78 $-1.89 $-1.07 $-0.72
EPS Diluted $-2.07 $-1.78 $-1.89 $-1.07 $-0.72
Weighted Average Shares Outstanding 108.22M 102.96M 99.45M 99.19M 99.19M
Weighted Average Shares Outstanding Diluted 108.22M 102.96M 99.45M 99.19M 99.19M
SEC Filing Source Source Source Source Source


Breakdown December 31, 2024 September 30, 2024 June 30, 2024 March 31, 2024 December 31, 2023 September 30, 2023 June 30, 2023 March 31, 2023 December 31, 2022 September 30, 2022 June 30, 2022 March 31, 2022 December 31, 2021 September 30, 2021 June 30, 2021 March 31, 2021
Revenue $80.76M $83.31M $84.89M $82.53M $81.44M $80.71M $81.83M $76.49M $71.39M $78.56M $65.87M $46.15M $47.55M $36.79M $15.34M $20.54M
Cost of Revenue $- $2.53M $84.16M $88.10M $80.90M $649.00K $636.00K $269.00K $16.84M $2.75M $8.87M $59.23M $51.84M $53.05M $32.81M $30.49M
Gross Profit $80.76M $80.78M $723.00K $-5.56M $543.00K $80.06M $81.20M $76.22M $54.55M $75.81M $57.00M $-13.08M $-4.30M $-16.26M $-17.47M $-9.95M
Gross Profit Ratio 100.00% 97.00% 0.90% -6.70% 0.70% 99.20% 99.20% 99.60% 76.40% 96.50% 86.50% -28.30% -9.00% -44.20% -113.80% -48.40%
Research and Development Expenses $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $-
General and Administrative Expenses $4.11M $2.99M $2.84M $4.86M $3.44M $2.48M $6.79M $6.18M $5.83M $5.87M $5.56M $6.59M $6.96M $6.34M $5.45M $5.63M
Selling and Marketing Expenses $- $- $-2.78M $- $- $- $- $- $- $- $- $- $- $- $- $-
Selling General and Administrative Expenses $4.11M $2.99M $2.84M $4.86M $3.44M $2.48M $6.79M $6.18M $5.83M $5.87M $5.56M $6.59M $6.96M $6.34M $5.45M $5.63M
Other Expenses $55.00M $80.32M $6.96M $2.37M $2.61M $2.39M $1.37M $85.30M $78.22M $79.07M $66.55M $55.06M $-2.08M $-6.24M $-792.00K $181.00K
Operating Expenses $59.11M $83.31M $2.84M $4.86M $3.44M $94.29M $89.85M $91.48M $84.06M $84.94M $72.11M $61.66M $54.41M $55.56M $34.44M $32.52M
Cost and Expenses $59.11M $88.05M $87.00M $92.96M $84.34M $94.29M $89.85M $91.48M $84.06M $84.94M $72.11M $61.66M $54.41M $55.56M $34.44M $32.52M
Interest Income $- $- $- $- $- $26.00M $24.18M $23.25M $21.13M $19.16M $- $- $- $- $- $-
Interest Expense $33.31M $31.51M $29.69M $27.59M $26.17M $26.00M $24.18M $23.25M $21.13M $19.16M $6.49M $6.46M $6.62M $4.38M $3.53M $1.48M
Depreciation and Amortization $19.23M $19.49M $21.60M $21.10M $20.41M $20.15M $20.29M $20.14M $18.30M $18.14M $17.32M $17.00M $15.12M $17.13M $11.69M $10.08M
EBITDA $-70.79M $9.19M $3.41M $198.00K $6.58M $-3.89M $11.43M $9.20M $-17.26M $-4.34M $-12.21M $-25.25M $-4.48M $-14.77M $-17.56M $-3.13M
EBITDA Ratio -87.65% 11.03% 22.95% 12.93% 21.50% -1.19% 14.68% 12.73% -20.75% -1.85% -5.06% -45.53% 3.13% -25.62% -97.86% -10.57%
Operating Income $21.66M $-4.74M $-2.12M $-10.42M $-2.90M $12.29M $-62.21M $-10.40M $-33.11M $-19.59M $-20.66M $-38.01M $-13.63M $-24.54M $-22.62M $-12.26M
Operating Income Ratio 26.81% -5.69% -2.49% -12.63% -3.56% 15.23% -76.02% -13.59% -46.38% -24.94% -31.36% -82.36% -28.66% -66.70% -147.43% -59.66%
Total Other Income Expenses Net $-144.99M $-38.30M $-45.76M $-38.07M $-51.66M $-36.46M $-25.03M $-19.20M $-42.79M $-35.26M $-29.77M $-33.20M $-12.59M $-17.52M $-13.68M $-2.71M
Income Before Tax $-123.34M $-43.05M $-47.87M $-48.49M $-40.01M $-50.04M $-33.05M $-34.18M $-56.69M $-41.64M $-36.01M $-48.70M $-26.22M $-36.28M $-32.77M $-14.70M
Income Before Tax Ratio -152.71% -51.67% -56.40% -58.75% -49.12% -62.00% -40.39% -44.69% -79.41% -53.00% -54.67% -105.54% -55.14% -98.63% -213.60% -71.54%
Income Tax Expense $1.33M $-92.00K $267.00K $1.80M $-90.00K $8.00K $823.00K $1.73M $-618.00K $1.55M $1.95M $1.58M $-875.00K $-1.63M $-715.00K $-406.00K
Net Income $-114.31M $-32.99M $-36.74M $-39.61M $-31.60M $-40.12M $-23.60M $-35.91M $-56.08M $-43.19M $-37.96M $-50.29M $-17.82M $-27.29M $-25.43M $-9.33M
Net Income Ratio -141.53% -39.60% -43.28% -47.99% -38.81% -49.71% -28.83% -46.95% -78.55% -54.98% -57.63% -108.97% -37.48% -74.17% -165.77% -45.41%
EPS $-0.83 $-0.46 $-0.35 $-0.38 $-0.31 $-0.39 $-0.23 $-0.35 $-0.56 $-0.43 $-0.39 $-0.51 $-0.18 $-0.28 $-0.26 $-0.09
EPS Diluted $-0.83 $-0.46 $-0.35 $-0.38 $-0.31 $-0.39 $-0.23 $-0.35 $-0.56 $-0.42 $-0.38 $-0.51 $-0.18 $-0.28 $-0.26 $-0.09
Weighted Average Shares Outstanding 113.86M 109.72M 105.04M 104.19M 103.43M 102.82M 102.79M 102.79M 99.45M 99.39M 98.27M 99.19M 98.99M 99.19M 97.83M 99.19M
Weighted Average Shares Outstanding Diluted 113.86M 109.72M 105.04M 104.19M 103.43M 102.82M 102.79M 102.79M 99.45M 102.73M 99.19M 99.19M 99.19M 99.19M 99.19M 99.19M
SEC Filing Source Source Source Source Source Source Source Source Source Source Source Source Source Source Source Source

Annual Balance Sheet

Breakdown December 31, 2024 December 31, 2023 December 31, 2022 December 31, 2021 December 31, 2020
Cash and Cash Equivalents $1.51M $29.37M $36.49M $49.87M $15.71M
Short Term Investments $- $- $22.80M $17.20M $-
Cash and Short Term Investments $1.51M $29.37M $36.49M $49.87M $15.71M
Net Receivables $6.89M $55.99M $60.81M $50.30M $4.95M
Inventory $311.00K $300.00K $113.16M $251.98M $39.72M
Other Current Assets $26.20M $99.85M $-45.80M $54.03M $63.76M
Total Current Assets $34.91M $185.50M $277.80M $412.98M $84.52M
Property Plant Equipment Net $805.72M $1.74B $1.78B $1.63B $1.04B
Goodwill $86.46M $275.37M $260.25M $257.14M $122.73M
Intangible Assets $3.80M $52.62M $60.20M $67.74M $13.03M
Goodwill and Intangible Assets $90.26M $327.99M $320.45M $324.87M $135.76M
Long Term Investments $12.53M $72.70M $73.59M $54.41M $123.79M
Tax Assets $-12.53M $- $- $- $-
Other Non-Current Assets $-7.24M $57.25M $26.83M $24.88M $17.00M
Total Non-Current Assets $901.27M $2.19B $2.20B $2.03B $1.31B
Other Assets $1.44B $- $- $- $-
Total Assets $2.37B $2.38B $2.48B $2.44B $1.40B
Account Payables $176.43M $130.80M $136.05M $115.63M $52.28M
Short Term Debt $55.77M $7.22M $7.04M $2.90M $25.89M
Tax Payables $- $- $- $- $-
Deferred Revenue $- $- $- $- $-
Other Current Liabilities $18.60M $12.62M $16.49M $10.93M $4.19M
Total Current Liabilities $250.79M $150.64M $159.58M $129.47M $82.36M
Long Term Debt $1.60B $1.40B $1.29B $786.13M $313.48M
Deferred Revenue Non-Current $- $- $- $- $-
Deferred Tax Liabilities Non-Current $- $- $- $- $-
Other Non-Current Liabilities $67.10M $87.53M $236.13M $64.66M $7.77M
Total Non-Current Liabilities $1.67B $1.49B $1.53B $850.79M $321.26M
Other Liabilities $- $- $- $- $-
Total Liabilities $1.92B $1.64B $1.69B $980.25M $403.61M
Preferred Stock $- $325.23M $264.59M $- $-
Common Stock $1.14M $1.01M $994.00K $1.62B $999.29M
Retained Earnings $- $-182.17M $-60.84M $- $-
Accumulated Other Comprehensive Income Loss $-157.05M $-178.51M $-300.13M $-155.46M $-26.24M
Other Total Stockholders Equity $739.78M $843.97M $911.60M $- $-
Total Stockholders Equity $583.87M $809.52M $816.21M $1.46B $973.05M
Total Equity $583.87M $738.09M $789.38M $1.46B $995.40M
Total Liabilities and Stockholders Equity $2.37B $2.38B $2.48B $2.44B $1.40B
Minority Interest $- $-71.43M $-26.83M $-91.00K $22.34M
Total Liabilities and Total Equity $2.37B $2.38B $2.48B $2.44B $1.40B
Total Investments $12.53M $72.70M $73.59M $54.41M $123.79M
Total Debt $1.66B $1.41B $1.30B $789.03M $339.38M
Net Debt $1.63B $1.38B $1.26B $739.16M $323.67M


Balance Sheet Charts

Breakdown December 31, 2024 September 30, 2024 June 30, 2024 March 31, 2024 December 31, 2023 September 30, 2023 June 30, 2023 March 31, 2023 December 31, 2022 September 30, 2022 June 30, 2022 March 31, 2022 December 31, 2021 September 30, 2021 March 31, 2021 December 31, 2020
Cash and Cash Equivalents $147.30M $20.30M $186.47M $64.30M $87.48M $24.45M $42.52M $39.96M $36.49M $69.47M $68.47M $65.47M $49.87M $55.24M $-15.71M $65.47M
Short Term Investments $- $- $- $- $- $1.90M $19.70M $21.60M $22.80M $28.60M $- $- $17.20M $- $31.41M $-
Cash and Short Term Investments $147.30M $20.30M $186.47M $64.30M $87.48M $24.45M $42.52M $39.96M $36.49M $69.47M $68.47M $65.47M $49.87M $55.24M $15.71M $65.47M
Net Receivables $52.99M $55.17M $52.22M $53.91M $77.39M $64.69M $56.38M $71.80M $60.81M $78.14M $88.57M $36.53M $50.30M $85.85M $- $36.53M
Inventory $- $- $- $1 $300.00K $53.48M $54.96M $68.47M $113.16M $127.17M $177.95M $214.40M $251.98M $4.70M $- $-
Other Current Assets $19.56M $171.60M $203.92M $87.65M $20.33M $37.34M $60.58M $58.82M $-45.80M $77.77M $264.65M $61.58M $60.83M $341.95M $- $275.98M
Total Current Assets $219.85M $247.07M $284.24M $162.03M $185.50M $179.96M $214.44M $239.05M $277.80M $352.54M $427.59M $377.99M $412.98M $487.74M $15.71M $377.99M
Property Plant Equipment Net $1.72B $1.69B $1.71B $1.72B $1.74B $1.77B $1.79B $1.79B $1.78B $1.75B $1.70B $1.65B $1.63B $1.60B $- $1.62B
Goodwill $275.37M $275.37M $275.37M $275.37M $275.37M $275.37M $260.25M $260.25M $260.25M $263.11M $262.82M $257.97M $257.14M $239.94M $- $257.97M
Intangible Assets $46.23M $47.24M $48.84M $50.73M $52.62M $54.52M $56.41M $58.31M $60.20M $62.08M $63.98M $65.86M $67.74M $72.08M $- $65.86M
Goodwill and Intangible Assets $321.60M $322.60M $324.20M $326.10M $327.99M $329.88M $316.67M $318.56M $320.45M $325.19M $326.80M $323.83M $324.87M $312.02M $- $323.83M
Long Term Investments $12.53M $54.15M $79.77M $84.78M $84.40M $70.14M $70.25M $72.32M $73.59M $74.53M $76.91M $55.38M $54.41M $89.29M $- $55.38M
Tax Assets $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $-
Other Non-Current Assets $99.01M $119.91M $54.01M $56.46M $45.55M $38.36M $44.53M $27.09M $26.83M $26.09M $24.35M $26.47M $24.88M $20.29M $-15.71M $62.20M
Total Non-Current Assets $2.15B $2.19B $2.17B $2.18B $2.19B $2.21B $2.22B $2.21B $2.20B $2.17B $2.13B $2.06B $2.03B $2.02B $-15.71M $2.06B
Other Assets $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $-
Total Assets $2.37B $2.44B $2.45B $2.34B $2.38B $2.39B $2.44B $2.45B $2.48B $2.53B $2.56B $2.44B $2.44B $2.51B $- $2.44B
Account Payables $176.43M $152.96M $111.57M $139.66M $130.80M $135.82M $122.49M $132.65M $136.05M $150.86M $162.10M $91.97M $115.63M $128.20M $- $-
Short Term Debt $7.17M $14.54M $14.44M $92.17M $7.22M $13.86M $38.18M $14.25M $7.04M $14.44M $5.95M $5.84M $5.80M $25.00M $- $2.92M
Tax Payables $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $-
Deferred Revenue $- $- $- $- $5.80M $-135.82M $-122.49M $-132.65M $- $-150.86M $-162.10M $- $- $- $- $-
Other Current Liabilities $67.20M $6.18M $11.61M $7.94M $12.62M $12.73M $21.39M $7.78M $16.49M $6.49M $6.85M $5.42M $8.04M $15.82M $- $100.31M
Total Current Liabilities $250.79M $173.68M $137.62M $239.77M $150.64M $162.41M $182.06M $154.68M $159.58M $171.79M $174.89M $103.23M $129.47M $169.03M $- $103.23M
Long Term Debt $60.89M $1.60B $1.62B $1.33B $1.40B $1.38B $1.34B $1.34B $1.29B $1.25B $795.58M $795.51M $786.13M $760.92M $- $66.91M
Deferred Revenue Non-Current $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $-
Deferred Tax Liabilities Non-Current $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $-
Other Non-Current Liabilities $1.61B $46.38M $53.11M $114.07M $87.53M $62.09M $90.89M $156.00M $236.13M $291.58M $243.95M $189.17M $64.66M $45.29M $- $917.77M
Total Non-Current Liabilities $1.67B $1.64B $1.67B $1.44B $1.49B $1.75B $1.72B $1.77B $1.53B $1.80B $1.04B $984.68M $850.79M $806.21M $- $984.68M
Other Liabilities $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $-
Total Liabilities $1.92B $1.82B $1.81B $1.68B $1.64B $1.91B $1.91B $1.93B $1.69B $1.97B $1.21B $1.09B $980.25M $975.23M $- $1.09B
Preferred Stock $381.22M $366.91M $359.82M $342.21M $325.23M $310.40M $294.42M $279.16M $264.59M $251.96M $- $- $- $- $- $-
Common Stock $1.14M $1.14M $1.02M $1.02M $1.01M $994.00K $994.00K $994.00K $994.00K $994.00K $1.66B $1.61B $1.62B $1.63B $- $-
Retained Earnings $-409.50M $-291.51M $-258.52M $-221.78M $-182.17M $-150.57M $-110.45M $-86.86M $-60.84M $-14.37M $- $- $- $- $- $-
Accumulated Other Comprehensive Income Loss $-157.05M $-124.59M $-151.27M $-199.64M $-178.51M $-179.23M $-184.73M $-247.29M $-300.13M $-342.12M $-300.13M $-252.41M $-155.46M $-105.16M $973.05M $-252.41M
Other Total Stockholders Equity $255.65M $301.24M $803.60M $822.96M $843.97M $862.67M $874.73M $892.99M $911.60M $929.09M $- $- $- $-1 $22.34M $1.60B
Total Stockholders Equity $71.46M $253.19M $754.65M $744.76M $809.52M $533.87M $580.54M $559.84M $816.21M $573.59M $1.36B $1.36B $1.46B $1.53B $995.40M $1.35B
Total Equity $-56.05M $135.61M $646.48M $662.74M $738.09M $470.45M $531.40M $520.42M $789.38M $555.85M $1.35B $1.35B $1.46B $1.53B $995.40M $1.35B
Total Liabilities and Stockholders Equity $2.37B $2.44B $2.45B $2.34B $2.38B $2.39B $2.44B $2.45B $2.48B $2.53B $2.56B $2.44B $2.44B $2.51B $995.40M $2.44B
Minority Interest $-127.51M $-117.58M $-108.16M $-82.02M $-71.43M $-63.41M $-49.15M $-39.41M $-26.83M $-17.74M $-10.76M $-6.85M $-91.00K $6.67M $- $-
Total Liabilities and Total Equity $2.37B $2.44B $2.45B $2.34B $2.38B $2.39B $2.44B $2.45B $2.48B $2.53B $2.56B $2.44B $2.44B $2.51B $995.40M $2.44B
Total Investments $12.53M $54.15M $79.77M $84.78M $84.40M $70.14M $70.25M $72.32M $73.59M $74.53M $76.91M $55.38M $54.41M $89.29M $31.41M $55.38M
Total Debt $68.06M $1.60B $1.62B $1.41B $1.41B $1.39B $1.37B $1.34B $1.30B $1.26B $798.55M $798.43M $789.03M $785.92M $- $69.83M
Net Debt $-79.23M $1.58B $1.44B $1.35B $1.32B $1.36B $1.33B $1.30B $1.26B $1.19B $730.08M $732.96M $739.16M $730.68M $15.71M $4.36M

Annual Cash Flow

Breakdown December 31, 2024 December 31, 2023 December 31, 2022 December 31, 2021 December 31, 2020
Net Income $-266.06M $-159.75M $-187.52M $-106.34M $-71.72M
Depreciation and Amortization $79.41M $80.99M $70.75M $54.02M $31.11M
Deferred Income Tax $5.60M $2.02M $3.98M $-3.87M $-2.28M
Stock Based Compensation $8.64M $9.20M $4.15M $4.04M $2.33M
Change in Working Capital $14.13M $37.70M $-8.80M $-23.50M $-15.86M
Accounts Receivables $2.13M $2.84M $-3.30M $-26.80M $10.00M
Inventory $- $- $- $- $-
Accounts Payables $20.97M $8.55M $7.01M $15.49M $-14.22M
Other Working Capital $-8.98M $26.31M $-12.51M $-12.19M $-11.63M
Other Non Cash Items $143.01M $35.35M $74.75M $13.94M $9.56M
Net Cash Provided by Operating Activities $-15.28M $5.51M $-42.69M $-61.72M $-46.86M
Investments in Property Plant and Equipment $- $-100.75M $-217.14M $-140.90M $-247.52M
Acquisitions Net $-3.83M $-11.53M $-9.81M $-682.31M $-4.69M
Purchases of Investments $- $-7.08M $-47.45M $-10.00M $-4.69M
Sales Maturities of Investments $- $- $47.45M $10.00M $9.38M
Other Investing Activities $-114.31M $-27.77M $-40.31M $-5.51M $-4.69M
Net Cash Used for Investing Activities $-118.14M $-147.12M $-267.27M $-828.72M $-252.22M
Debt Repayment $250.83M $106.22M $519.02M $451.10M $24.00M
Common Stock Issued $- $- $274.57M $698.18M $325.44M
Common Stock Repurchased $- $- $- $- $-
Dividends Paid $-27.79M $-14.13M $-4.84M $- $-
Other Financing Activities $-29.81M $-12.64M $-356.36M $685.77M $313.63M
Net Cash Used Provided by Financing Activities $193.23M $79.45M $157.74M $1.14B $337.63M
Effect of Forex Changes on Cash $- $- $- $- $-
Net Change in Cash $59.82M $-62.16M $-152.21M $246.43M $38.55M
Cash at End of Period $147.30M $87.48M $149.64M $301.86M $55.42M
Cash at Beginning of Period $87.48M $149.64M $301.86M $55.42M $16.87M
Operating Cash Flow $-15.28M $5.51M $-42.69M $-61.72M $-46.86M
Capital Expenditure $- $-100.75M $-217.14M $-140.90M $-247.52M
Free Cash Flow $-15.28M $-95.23M $-259.83M $-202.61M $-294.38M

Cash Flow Charts

Breakdown December 31, 2024 September 30, 2024 June 30, 2024 March 31, 2024 December 31, 2023 September 30, 2023 June 30, 2023 March 31, 2023 December 31, 2022 September 30, 2022 June 30, 2022 March 31, 2022 December 31, 2021 September 30, 2021 June 30, 2021 March 31, 2021 December 31, 2020
Net Income $-124.67M $-65.05M $-36.74M $-39.61M $-31.60M $-50.05M $-33.87M $-35.91M $-56.08M $-43.19M $-37.96M $-50.29M $-25.34M $-34.65M $-32.06M $-14.29M $-50.29M
Depreciation and Amortization $19.23M $17.48M $21.60M $21.10M $20.41M $20.15M $20.29M $20.14M $18.30M $18.14M $17.32M $17.00M $15.12M $17.13M $11.69M $10.08M $17.00M
Deferred Income Tax $733.00K $-306.00K $156.00K $1.34M $-132.00K $38.00K $563.00K $1.55M $-869.00K $1.52M $1.81M $1.51M $-947.00K $-1.68M $-772.00K $-466.00K $1.51M
Stock Based Compensation $1.87M $2.63M $1.80M $2.34M $3.38M $4.28M $642.00K $895.00K $1.10M $1.38M $956.00K $709.00K $757.00K $728.00K $1.44M $1.11M $709.00K
Change in Working Capital $785.00K $11.35M $-18.13M $6.78M $9.46M $23.23M $3.15M $1.86M $9.12M $38.30M $-36.63M $-6.75M $13.13M $-387.00K $-13.15M $-23.09M $16.92M
Accounts Receivables $1.88M $-3.00M $1.35M $1.91M $8.39M $-10.05M $15.33M $-10.82M $17.17M $10.11M $-44.33M $13.74M $35.47M $-6.73M $-54.68M $-855.00K $13.74M
Inventory $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $-
Accounts Payables $3.29M $30.46M $-21.99M $9.21M $4.35M $20.57M $-18.18M $1.81M $-16.19M $10.26M $32.43M $-19.49M $-31.02M $-3.97M $63.48M $-13.01M $-
Other Working Capital $-4.39M $-16.11M $2.51M $-4.34M $-3.27M $12.71M $6.00M $9.01M $8.13M $17.93M $-24.73M $-1.01M $8.68M $10.31M $-21.95M $-9.23M $3.18M
Other Non Cash Items $94.00M $58.15M $69.61M $37.33M $6.20M $17.07M $4.44M $-667.00K $23.42M $14.39M $13.26M $23.68M $5.37M $6.84M $8.70M $-6.98M $-
Net Cash Provided by Operating Activities $-8.05M $24.27M $-27.34M $-4.15M $7.73M $14.72M $-4.79M $-12.14M $-5.00M $30.53M $-41.24M $-14.15M $8.08M $-12.02M $-24.15M $-33.63M $-14.15M
Investments in Property Plant and Equipment $-27.88M $28.62M $-15.37M $-13.26M $-22.03M $-13.02M $-25.84M $-39.86M $-44.91M $-58.31M $-62.19M $-51.73M $-43.39M $-23.49M $-42.24M $-31.77M $-51.73M
Acquisitions Net $-1.55M $-634.00K $91.00K $20.00K $1.57M $-2.75M $-1.19M $-6.57M $-1.51M $-1.74M $-4.93M $-1.64M $-415.00K $-682.24M $2.34M $-2.00M $-
Purchases of Investments $62.00K $6.64M $-1.03M $-5.61M $-1.01M $-29.04M $-1.50M $-20.50M $-27.45M $-15.00M $-5.00M $-1.64M $-10.00M $-54.50M $650.00K $-650.00K $-
Sales Maturities of Investments $- $- $- $- $-1 $- $- $20.50M $27.45M $15.00M $5.00M $- $10.00M $-345.00K $-650.00K $650.00K $-
Other Investing Activities $867.00K $-71.61M $-17.50M $-18.85M $15.00M $161.00K $1.01M $-20.41M $-25.97M $-13.65M $-2.79M $2.09M $-5.51M $-54.84M $650.00K $-650.00K $455.00K
Net Cash Used for Investing Activities $-28.50M $-36.99M $-33.81M $-18.85M $-6.47M $-44.65M $-27.51M $-66.84M $-72.40M $-73.69M $-69.90M $-51.27M $-49.31M $-705.74M $-39.25M $-34.42M $-51.27M
Debt Repayment $48.74M $-5.59M $207.69M $- $19.25M $20.37M $25.00M $41.60M $36.65M $472.93M $- $9.45M $- $425.00M $4.50M $21.60M $-
Common Stock Issued $- $- $- $- $- $- $- $- $-15.00K $163.19M $77.13M $34.27M $698.18M $-121.57M $90.58M $31.00M $-
Common Stock Repurchased $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $-
Dividends Paid $-8.36M $-13.13M $-6.30M $-16.98M $-4.88M $-3.08M $-3.09M $-3.08M $-4.84M $-79.00K $- $- $- $- $- $- $-
Other Financing Activities $-1.16M $-373.00K $-18.07M $-454.00K $-4.43M $-6.91M $-563.00K $-739.00K $-1.41M $-466.64M $77.69M $33.99M $4.45M $561.06M $89.83M $30.44M $43.44M
Net Cash Used Provided by Financing Activities $39.22M $-19.09M $183.32M $-189.00K $8.29M $10.38M $21.35M $37.78M $30.41M $6.21M $77.69M $43.44M $4.45M $986.06M $94.33M $52.04M $43.44M
Effect of Forex Changes on Cash $- $- $- $- $-1.89M $31.09M $32.63M $- $- $- $- $- $- $- $- $- $-
Net Change in Cash $2.66M $-41.83M $122.17M $-23.18M $9.55M $-19.56M $-10.95M $-41.21M $-46.99M $-49.79M $-33.46M $-21.98M $-36.79M $268.30M $30.93M $-16.01M $-21.98M
Cash at End of Period $147.30M $144.63M $186.47M $64.30M $87.48M $77.92M $97.48M $108.43M $149.64M $196.63M $246.42M $279.88M $301.86M $338.64M $70.34M $39.41M $279.88M
Cash at Beginning of Period $144.63M $186.47M $64.30M $87.48M $77.92M $97.48M $108.43M $149.64M $196.63M $246.42M $279.88M $301.86M $338.64M $70.34M $39.41M $55.42M $301.86M
Operating Cash Flow $-8.05M $13.87M $-27.34M $-4.15M $7.73M $14.72M $-4.79M $-12.14M $-5.00M $30.53M $-41.24M $-14.15M $8.08M $-12.02M $-24.15M $-33.63M $-14.15M
Capital Expenditure $-27.88M $-26.32M $-15.37M $-13.26M $-22.03M $-13.02M $-25.84M $-39.86M $-44.91M $-58.31M $-62.19M $-51.73M $-43.39M $-23.49M $-42.24M $-31.77M $-51.73M
Free Cash Flow $-35.93M $-12.08M $-42.71M $-17.40M $-14.31M $1.70M $-30.62M $-52.01M $-49.91M $-27.78M $-103.43M $-65.88M $-35.31M $-35.51M $-66.39M $-65.40M $-65.88M

FTAI Infrastructure Dividends

Explore FTAI Infrastructure's dividend history, including dividend yield, payout ratio, and historical payments.

Dividend Yield

3.54%

Dividend Payout Ratio

-12.43%

Dividend Paid & Capex Coverage Ratio

-0.55x

FTAI Infrastructure Dividend History

Dividend Adjusted Dividend Date Record Date Payment Date Declaration Date
$0.03 $0.03 March 14, 2025 March 14, 2025 March 26, 2025 February 27, 2025
$0.03 $0.03 November 12, 2024 November 12, 2024 November 19, 2024 October 30, 2024
$0.03 $0.03 August 12, 2024 August 12, 2024 August 20, 2024 August 01, 2024
$0.03 $0.03 May 16, 2024 May 17, 2024 May 29, 2024 May 07, 2024
$0.03 $0.03 March 26, 2024 March 27, 2024 April 05, 2024 February 29, 2024
$0.03 $0.03 November 08, 2023 November 09, 2023 November 16, 2023 October 26, 2023
$0.03 $0.03 August 07, 2023 August 08, 2023 August 15, 2023 July 25, 2023
$0.03 $0.03 May 12, 2023 May 15, 2023 May 26, 2023 May 02, 2023
$0.03 $0.03 March 13, 2023 March 14, 2023 March 28, 2023 March 01, 2023
$0.03 $0.03 November 10, 2022 November 14, 2022 November 28, 2022 November 01, 2022

FTAI Infrastructure News

Read the latest news about FTAI Infrastructure, including recent articles, headlines, and updates.

FTAI Infrastructure Inc. (FIP) Q4 2024 Earnings Call Transcript

FTAI Infrastructure Inc. (NASDAQ:FIP ) Q4 2024 Earnings Conference Call February 28, 2025 8:00 AM ET Company Participants Alan Andreini - Head, Investor Relations Ken Nicholson - Chief Executive Officer Conference Call Participants Giuliano Bologna - Compass Point Brian McKenna - Citizens Greg Lewis - BTIG Operator Good day, and thank you for standing by. Welcome to the FTAI Infrastructure Fourth Quarter 2024 Earnings Conference Call.

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FTAI Infrastructure Inc. Reports Fourth Quarter and Full Year 2024 Results, Declares Dividend of $0.03 per Share of Common Stock

NEW YORK, Feb. 27, 2025 (GLOBE NEWSWIRE) -- FTAI Infrastructure Inc. (NASDAQ:FIP) (the “Company” or “FTAI Infrastructure”) today reported financial results for the fourth quarter and full year 2024. The Company's consolidated comparative financial statements and key performance measures are attached as an exhibit to this press release.

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FTAI Infrastructure Inc. Announces Timing of Fourth Quarter and Full Year 2024 Earnings and Conference Call

NEW YORK, Jan. 23, 2025 (GLOBE NEWSWIRE) -- FTAI Infrastructure Inc. (NASDAQ:FIP; the "Company" or “FTAI Infrastructure”) plans to announce its financial results for the fourth quarter and full year 2024 after the closing of Nasdaq on Thursday, February 27, 2025. A copy of the press release and an earnings supplement will be posted to the Investor Relations section of the Company's website, https://www.fipinc.com/.

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FTAI Infrastructure Inc. (FIP) Q3 2024 Earnings Call Transcript

FTAI Infrastructure Inc. (NASDAQ:FIP ) Q3 2024 Earnings Conference Call October 31, 2024 8:00 AM ET Company Participants Alan Andreini - Head of Investor Relations Ken Nicholson - Chief Executive Officer & President Conference Call Participants Giuliano Bologna - Compass Point Brian McKenna - Citizens JMP Sherif Elmaghrabi - BTIG Operator Hello, and welcome to FTAI Infrastructure Third Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode.

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FTAI Infrastructure Inc. Reports Third Quarter 2024 Results, Declares Dividend of $0.03 per Share of Common Stock

NEW YORK, Oct. 30, 2024 (GLOBE NEWSWIRE) -- FTAI Infrastructure Inc. (NASDAQ:FIP) (the “Company” or “FTAI Infrastructure”) today reported financial results for the third quarter 2024. The Company's consolidated comparative financial statements and key performance measures are attached as an exhibit to this press release.

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FTAI Infrastructure Inc. Announces Timing of Third Quarter 2024 Earnings and Conference Call

NEW YORK, Sept. 20, 2024 (GLOBE NEWSWIRE) -- FTAI Infrastructure Inc. (NASDAQ:FIP; the "Company" or “FTAI Infrastructure”) plans to announce its financial results for the third quarter 2024 after the closing of Nasdaq on Wednesday, October 30, 2024. A copy of the press release and an earnings supplement will be posted to the Investor Relations section of the Company's website, https://www.fipinc.com/.

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FTAI Infrastructure: Valuation Has Gone Off The Rails And Momentum Is Losing Steam

FTAI Infrastructure owns North American energy infrastructure assets. The company recently reported Q2'24 earnings with revenue miss but positive EBITDA; performance seems to be going well across business units. However, given high maintenance capex and interest expense are significant detractors from EBITDA, the valuation doesn't appear as cheap as it is at first glance.

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Long Assets On Path To Creating Significant Value, Shorting Remains Very Challenging

In the first half of 2024, our long book performed strong relative to the Russell 2000, driven by our high-conviction positions. We are pleased with our relative performance and believe the Russell 2000 remains a more appropriate benchmark for comparison. Top gainers include FTAI Aviation and FTAI Infrastructure, while top detractors include Latch and Industrial Short.

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FTAI Infrastructure Inc (FIP) Q2 2024 Earnings Call Transcript

FTAI Infrastructure Inc (NASDAQ:FIP ) Q2 2024 Results Conference Call August 2, 2024 8:00 AM ET Company Participants Alan Andreini - Head of Investor Relations Ken Nicholson - CEO & President Conference Call Participants Giuliano Bologna - Compass Point Brian McKenna - Citizens JMP Sherif Elmaghrabi - BTIG Operator Good day, and thank you for standing by. Welcome to the Second Quarter 2024 FTAI Infrastructure Earnings Conference Call.

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FTAI Infrastructure Inc. Reports Second Quarter 2024 Results, Declares Dividend of $0.03 per Share of Common Stock

NEW YORK, Aug. 02, 2024 (GLOBE NEWSWIRE) -- FTAI Infrastructure Inc. (NASDAQ:FIP) (the “Company” or “FTAI Infrastructure”) today reported financial results for the second quarter 2024. The Company's consolidated comparative financial statements and key performance measures are attached as an exhibit to this press release.

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FTAI Infrastructure Inc. Announces Timing of Second Quarter 2024 Earnings and Conference Call

NEW YORK, July 09, 2024 (GLOBE NEWSWIRE) -- FTAI Infrastructure Inc. (NASDAQ:FIP; the "Company" or “FTAI Infrastructure”) plans to announce its financial results for the second quarter 2024 after the closing of Nasdaq on Thursday, August 1, 2024. A copy of the press release and an earnings supplement will be posted to the Investor Relations section of the Company's website, https://www.fipinc.com/.

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Canadian Solar Announces Operation of First FIP Projects in Japan and PPA Signing with Toyota Tsusho

GUELPH, ON , June 17, 2024 /PRNewswire/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ) announced today that its first portfolio of Japan's feed-in premium (FIP) PV projects began commercial operation on June 1, 2024. The projects that have reached commercial operation include a 1.2 MWp project in Tsukuba City, Ibaraki Prefecture and a 1.9 MWp project in Daisen Town, Tottori Prefecture.

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FTAI Infrastructure: American Hard Assets With Upside

FTAI Infrastructure is initiated with a buy rating and a price target of $11 per share by 1Q2025. Cash flows from Transtar's performance will enable FIP to finalize agreements on its remaining segments, unlocking accretive EBITDA by 4Q2024. The company has the potential to generate around $200 million in EBITDA by 2Q2025, translating to an intrinsic value of $14 per share.

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Jefferson Energy, Aramco Trading Americas Execute Agreement for Bi-Directional Flow on Jefferson Southern Star Pipeline; Will Provide Access from Marketlink Pipeline to Jefferson Energy's Beaumont Terminal

Jefferson Energy, Aramco Trading Americas Execute Agreement for Bi-Directional Flow on Jefferson Southern Star Pipeline; Will Provide Access from Marketlin

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FTAI Infrastructure Inc. (FIP) Q1 2024 Earnings Call Transcript

FTAI Infrastructure Inc. (NASDAQ:FIP ) Q1 2024 Earnings Conference Call May 8, 2024 8:00 AM ET Company Participants Ken Nicholson - Chief Executive Officer Scott Christopher - Chief Financial Officer Alan Andreini - Investor Relations Conference Call Participants Guiliano Bologna - Compass Point Operator Good day and thank you for standing by. Welcome to the Q1, 2024, FTAI Infrastructure Earnings Conference Call.

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FTAI Infrastructure Inc. Reports First Quarter 2024 Results, Declares Dividend of $0.03 per Share of Common Stock

NEW YORK, May 07, 2024 (GLOBE NEWSWIRE) -- FTAI Infrastructure Inc. (NASDAQ:FIP) (the “Company” or “FTAI Infrastructure”) today reported financial results for the first quarter 2024. The Company's consolidated comparative financial statements and key performance measures are attached as an exhibit to this press release.

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FTAI Infrastructure Inc. Announces Timing of First Quarter 2024 Earnings and Conference Call

NEW YORK, April 03, 2024 (GLOBE NEWSWIRE) -- FTAI Infrastructure Inc. (NASDAQ:FIP; the "Company" or “FTAI Infrastructure”) plans to announce its financial results for the first quarter 2024 after the closing of Nasdaq on Tuesday, May 7, 2024. A copy of the press release and an earnings supplement will be posted to the Investor Relations section of the Company's website, https://www.fipinc.com/.

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FTAI Infrastructure Inc. Reports Fourth Quarter and Full Year 2023 Results, Declares Dividend of $0.03 per Share of Common Stock

NEW YORK, Feb. 29, 2024 (GLOBE NEWSWIRE) -- FTAI Infrastructure Inc. (NASDAQ:FIP) (the “Company” or “FTAI Infrastructure”) today reported financial results for the fourth quarter and full year 2023. The Company's consolidated comparative financial statements and key performance measures are attached as an exhibit to this press release.

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FTAI Infrastructure Inc. Announces Timing of Fourth Quarter and Full Year 2023 Earnings and Conference Call

NEW YORK, Jan. 30, 2024 (GLOBE NEWSWIRE) -- FTAI Infrastructure Inc. (NASDAQ:FIP; the "Company" or “FTAI Infrastructure”) plans to announce its financial results for the fourth quarter and full year 2023 after the closing of Nasdaq on Thursday, February 29, 2024. A copy of the press release and an earnings supplement will be posted to the Investor Relations section of the Company's website, https://www.fipinc.com/.

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FTAI Infrastructure: Transtar's Profitability And Growth Amidst Diverse Assets

FTAI Infrastructure owns and operates interesting infrastructure assets in railroads, ports and terminals, and power and energy. The company is focusing on running all of its properties at a profit. So far, the railroad business is proving to be the true cash cow.

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FTAI Infrastructure Inc. (FIP) Q3 2023 Earnings Call Transcript

FTAI Infrastructure Inc. (NASDAQ:FIP ) Q3 2023 Results Conference Call October 27, 2023 8:00 AM ET Company Participants Alan Andreini - IR Ken Nicholson - CEO Conference Call Participants Giuliano Bologna - Compass Point Operator Good day, and welcome to the Q3 2023 FTAI Infrastructure Earnings Conference Call. As a reminder, this call is being recorded.

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FTAI Infrastructure Inc. Reports Third Quarter 2023 Results, Declares Dividend of $0.03 per Share of Common Stock

NEW YORK, Oct. 26, 2023 (GLOBE NEWSWIRE) -- FTAI Infrastructure Inc. (NASDAQ:FIP) (the “Company” or “FTAI Infrastructure”) today reported financial results for the third quarter 2023. The Company's consolidated comparative financial statements and key performance measures are attached as an exhibit to this press release.

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FTAI Infrastructure Inc. Announces Timing of Third Quarter Earnings and Conference Call

NEW YORK, Oct. 05, 2023 (GLOBE NEWSWIRE) -- FTAI Infrastructure Inc. (NASDAQ:FIP; the "Company" or “FTAI Infrastructure”) plans to announce its financial results for the third quarter 2023 after the closing of Nasdaq on Thursday, October 26, 2023. A copy of the press release and an earnings supplement will be posted to the Investor Relations section of the Company's website, https://www.fipinc.com/.

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FTAI Infrastructure Inc. Reports Second Quarter 2023 Results, Declares Dividend of $0.03 per Share of Common Stock

NEW YORK, July 25, 2023 (GLOBE NEWSWIRE) -- FTAI Infrastructure Inc. (NASDAQ:FIP) (the “Company” or “FTAI Infrastructure”) today reported financial results for the second quarter 2023. The Company's consolidated comparative financial statements and key performance measures are attached as an exhibit to this press release.

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FTAI Infrastructure Inc. Announces Timing of Second Quarter Earnings and Conference Call

NEW YORK, July 06, 2023 (GLOBE NEWSWIRE) -- FTAI Infrastructure Inc. (NASDAQ:FIP; the "Company" or “FTAI Infrastructure”) plans to announce its financial results for the second quarter 2023 after the closing of Nasdaq on Tuesday, July 25, 2023. A copy of the press release and an earnings supplement will be posted to the Investor Relations section of the Company's website, https://www.fipinc.com/ .

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Oatey Adds Supply Lines and Quarter Turn Stop Valves to its Product Assortment

CLEVELAND--(BUSINESS WIRE)--Oatey Co., a leading manufacturer in the plumbing industry since 1916, now offers a robust assortment of supply lines and quarter turn stop valves under the Oatey brand, available at wholesalers throughout the U.S. Oatey Supply Lines are designed to quickly and easily connect the water supply to appliances and are available in multiple connection types and lengths to meet any jobsite need. Built with a durable, corrosion-resistant, double-walled PVC tube, Oatey connectors bend freely and work with hot or cold water. Made of high-quality, braided stainless steel and vinyl, the supply lines are available for multiple applications including dishwashers, water heaters, ice makers, faucets, and washing machines. They also feature rigid supply risers made of high-quality copper and available in polished chrome finishes. Oatey quarter-turn water stop valves provide easy on/off operation for controlling the flow of water and are designed for connections where a water line passes through a wall. With a brass forged body and solid brass stem ensure to strength and durability, the valves are available in a variety of connection types including copper compression, FIP, copper sweat, PEX, CPVC, push connect and coarse thread. Featuring an internal corrosion-resistant brass ball to ensure durability, they also include PTFE seats which allow for easy valve operation. Every valve is pressure leak tested, ensuring the high-quality performance that Oatey is known for. For more information, visit oatey.com. ABOUT OATEY CO. Since 1916, Oatey has provided reliable, high-quality products for the residential and commercial plumbing industries, with a commitment to delivering quality, building trust and improving lives. Today, Oatey operates a comprehensive manufacturing and distribution network to supply thousands of products for professional builders, contractors, engineers and do-it-yourself consumers around the world. Oatey is based in Cleveland, Ohio, and has locations in the United States, Canada, Mexico and China. For more information, visit www.oatey.com, call (800) 321-9532 or follow Oatey on Facebook, Twitter, LinkedIn or Instagram.

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EDGE Reinforces Presence in Southeast Asia with Impressive Product Display at LIMA 2023

ABU DHABI, United Arab Emirates--(BUSINESS WIRE)--EDGE, one of the world’s leading and fastest growing advanced technology and defence groups, is proud to be bolstering its presence in Southeast Asia by participating at the 16th edition of Langkawi International Maritime and Aerospace Exhibition (LIMA) 2023, one of the most significant maritime and aerospace exhibitions in the Asia-Pacific region. EDGE will showcase a diverse product portfolio that can be tailored to the region’s specific requirements in line with its ambition to expand its global footprint. With a clear focus on autonomous systems and smart weapons, EDGE will highlight its technologically-advanced defence solutions throughout the five-day event, which takes place on the island of Langkawi, Malaysia, from 23 to 27 May. It also enables EDGE to strengthen its partnerships within the local industry ecosystem, drive support for indigenous defence in important markets such as Malaysia, Indonesia, Thailand, and Vietnam, and to showcase its broad range of capabilities. Mansour AlMulla, Managing Director and CEO of EDGE, said: “We are proud to be showcasing our advanced capabilities across air, land, and maritime domains at LIMA 2023, as well as developing strategic relationships in Southeast Asia. The UAE and Malaysia share a warm history of cooperation, and we are committed to strengthening these ties even further by developing valuable partnerships across the region. Following the visit of His Majesty Al-Sultan Abdullah Sultan Ahmad Shah the King of Malaysia to the UAE earlier this year, I personally look forward to attending this event to engage with industry leaders and key stakeholders. LIMA provides us with a unique opportunity to grow local supply chains, and assist in the development of air and naval defence capabilities in Malaysia and beyond.” During the exhibition, seven of EDGE’s portfolio companies will display innovative solutions that provide high levels of mission flexibility, exemplifying EDGE’s advanced designs and manufacturing capabilities in the area of autonomous air and land systems, naval systems, precision-guided munitions, and small arms. In the domain of autonomous air systems, EDGE will showcase the HUNTER SP (Soldier Portable) unmanned aerial vehicle (UAV), the tube-launched HUNTER 2-S swarming UAV system, and the REACH-S unmanned combat aerial vehicle (UCAV). The QX-1, QX-2, QX-3 loitering munitions will also be displayed, along with the GARMOOSHA rotary-wing UAV. Autonomous land systems and solutions will be represented by MILREM’s THeMIS Combat unmanned ground vehicle (UGV). EDGE’s advanced naval capabilities will include the 160 ITEP (Inshore Tactical Engagement Platform), 120 FIP (Fast Inshore Platform), 510 OPV (Offshore Patrol Vessel), as well as the launch of a new corvette that meets regional requirements. EDGE will also showcase its multi-range DESERT STING air-to-surface precision-guided munitions, the SKYKNIGHT air defence missile, the AL TARIQ-S (Standard Range), and AL TARIQ-LR (Long Range) advanced, modular precision-guided munitions, in addition to the RASH 1-M, RASH 2-H, and RASH 2-M precision-guided munition systems. For small arms and ammunition, EDGE will display its CARACAL F pistols, CMP 9 submachine guns, the CAR 816 assault rifle, the CSR 50 sniper rifle, underscoring an innovative approach to producing accurate, modular firearms. Additionally, EDGE will display its full range of small calibre ammunition, including 40mm, 60mm, 81mm, and 120mm ammunition in multiple grains and variants such as tracer, armour piercing, and full metal jacket. Attendees of LIMA 2023 can visit EDGE at stand A07 at the Mahsuri International Exhibition Centre (MIEC) in Langkawi, Malaysia. About EDGE Launched in November 2019, the UAE’s EDGE is one of the world’s leading advanced technology groups, established to develop agile, bold and disruptive solutions for defence and beyond, and to be a catalyst for change and transformation. It is dedicated to bringing breakthrough innovations, products, and services to market with greater speed and efficiency, to position the UAE as a leading global hub for future industries, and to creating clear paths within the sector for the next generation of highly-skilled talent to thrive. With a focus on the adoption of 4IR technologies, EDGE is driving the development of sovereign capabilities for global export and for the preservation of national security, working with front-line operators, international partners, and adopting advanced technologies such as autonomous capabilities, cyber-physical systems, advanced propulsion systems, robotics and smart materials. EDGE converges R&D, emerging technologies, digital transformation, and commercial market innovations with military capabilities to develop disruptive solutions tailored to the specific requirements of its customers. Headquartered in Abu Dhabi, capital of the UAE, EDGE consolidates more than 20 entities into four core clusters: Platforms & Systems, Missiles & Weapons, Electronic Warfare & Cyber Technologies, and Trading & Mission Support. For more information, visit edgegroup.ae *Source: AETOSWire

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FTAI Infrastructure Inc. (FIP) Q1 2023 Earnings Call Transcript

FTAI Infrastructure Inc. (NASDAQ:FIP ) Q1 2023 Earnings Conference Call May 3, 2023 8:00 AM ET Company Participants Alan Andreini - Head, Investor Relations Ken Nicholson - Chief Executive Officer Scott Christopher - Chief Financial Officer Conference Call Participants Giuliano Bologna - Compass Point Operator Hello. Thank you for standing by.

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Group of Shareholders Opposes Equifax offer to Acquire Boa Vista

SÃO PAULO--(BUSINESS WIRE)--A group of investors of Boa Vista signed a letter delivered to the Board of Directors at the end of February to state that they do not accept the offer of R$ 8 per share to merge Boa Vista with the non-operational Brazilian subsidiary of Equifax. The shareholders TMG II FIP - Multiestratégia, Brizo Capital, LP, Madison Avenue International LP and Absolute Investimentos (“Minority Shareholders”) are part of said group and do not believe the offer reflects the real value of Boa Vista, and particularly does not reflect the value for Equifax of becoming the second largest player in the Brazilian credit service market, a fact that would allow Equifax to become the leader in Latin America. The implicit multiple in the offer, 8.9x of Boa Vista’s EBITDA, is low, particularly when compared with the 19.3x multiple for Equifax at the time of the offer. Since its IPO in 2020 on the B3 exchange, Boa Vista’s revenue has had double digit yearly growth rates and has more than doubled its EBITDA, despite the economic turbulence caused by the pandemic. The company’s database and its strategic value in the region are unique and ensure an advantage to whomever acquires them, elements also not considered in the current offer, stresses the group. In addition to this, Boa Vista has more than R$ 1 billion in net cash and has been consistently growing more rapidly than Equifax, all elements that justify a much higher price, explains the group. At this price, the Minority Shareholders believe that the shareholders are better served by keeping Boa Vista independent. Despite statements in the press to the contrary, the closing of this acquisition is still subject to the approval of the shareholders of Boa Vista in an extraordinary general meeting (EGM) that has still not been convened. From the Minority Shareholders’ point of view, it is reasonable to question the right to vote in the EGM for both Equifax and the Commercial Association of Sao Paulo (ACSP), since Boa Vista will need to exit from the Novo Mercado segment of the Brazilian Stock Exchange for the transaction to happen and there is a conflict of interest of both parties: Equifax is simultaneously both the acquiror and part of the acquired company, while ACSP benefits from the transaction in ways that the other shareholders do not.

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FTAI Infrastructure Inc. Announces Timing of First Quarter Earnings and Conference Call

NEW YORK, April 17, 2023 (GLOBE NEWSWIRE) -- FTAI Infrastructure Inc. (NASDAQ:FIP; the "Company" or “FTAI Infrastructure”) plans to announce its financial results for the first quarter 2023 after the closing of Nasdaq on Tuesday, May 2, 2023. A copy of the press release and an earnings supplement will be posted to the Investor Relations section of the Company's website, https://www.fipinc.com/ .

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