(RTTNews) - Landstar System, Inc. (LSTR) Wednesday reported third-quarter profit of $61.89 million or $1.61 per share, up from $53.25 million or $1.35 per share last year.
Revenues increased to $1.09 billion from $1.01 billion last year.
Analysts polled by Thomson Reuters estimated earnings of $1.37 per share on revenues of $1.02 billion.
Looking forward to the fourth quarter, the company expects earnings of $1.61 to $1.71 per share. Analysts currently estimate earnings of $1.45 per share.
SANTA MONICA, Calif., July 24, 2020 /CNW/ -- Arrowroot Capital Management, LLC ("Arrowroot"), a global growth equity firm in Santa Monica California, today announced the sale of its interest in portfolio company SocialChorus, Inc. ("SocialChorus"), the leader in end-to-end employee communications and engagement software solutions, to Sumeru Equity Partners L.P. ("Sumeru"). Arrowroot will continue to own a minority interest in the company.
Since Arrowroot's initial investment in 2018, SocialChorus has successfully evolved from an employee social advocacy solution into a mission-critical enterprise workforce communications platform for the world's largest companies with global, disparate workforces.
With Arrowroot's partnership, SocialChorus made significant investments in technology, grew its sales & marketing headcount, and expanded its global presence.
"I want to thank the team at Arrowroot for believing in us," said Gary Nakamura, CEO of SocialChorus. "We've enjoyed working with Arrowroot and their operating consultants (SRG) over the years and are excited to continue to call them friends and partners for many years to come."
"In late 2017, we met with Gary and team and were deeply impressed with their early leadership position in this increasingly crucial and urgent market," said Kareem El Sawy, Partner at Arrowroot Capital and Board Member of SocialChorus. "Since then, we have had the privilege of partnering with a top tier management team and seen them rapidly execute on their goal of becoming the global leader in employee communications and engagement software."
GCA Advisors, LLC acted as lead financial advisor to SocialChorus for this transaction.
About Arrowroot Capital
Arrowroot Capital is a global growth equity firm based in Santa Monica, CA, focused on minority, majority, and buyout investments in B2B software companies. The firm serves as a catalyst for growth-related initiatives by partnering with management and leveraging its deep enterprise software expertise to deliver meaningful, tangible value. Learn more at www.arrowrootcapital.com.
SocialChorus is the leading workforce communications platform that empowers companies to work as one. We've built the only end-to-end solution that can reach, inform, and align every employee from the shop floor to home office. Employees get what they need, communicators and leaders focus on the message, and the platform takes care of the rest. Learn more at www.socialchorus.com.
View original content:https://www.prnewswire.com/news-releases/arrowroot-capital-completes-sale-of-its-interest-in-socialchorus-the-global-leader-in-workforce--employee-communications-to-sumeru-equity-partners-301099655.html
SOURCE Arrowroot Capital Management, LLC
ARLINGTON, Va., Oct. 19, 2020 /PRNewswire/ -- The Air Force Association's (AFA) CyberPatriot National Youth Cyber Education program announced today that Gannon University has become the program's newest sponsor.
"We are delighted to welcome Gannon University to a wonderful select group from industry, government, and academia working with AFA to promote cybersecurity and STEM education in America and beyond," said Bernie Skoch, CyberPatriot National Commissioner. "The school offers a variety of degrees in computer science and cybersecurity and our partnership with them will allow us to reach many more youth with the excitement of our growing the National Youth Cyber Education Program."
The support of Gannon University allows CyberPatriot to continue expanding its programs and encourage STEM education among America's youth.
"Gannon University is excited to partner with CyberPatriot to extend our engineering and computing education and outreach beyond the classroom," said Walter Iwanenko, Ph.D., provost and vice president for student experience.
"At Gannon, we are committed to providing a high-quality, hands-on experience for our students and we recognize the critical need for trained professionals in the field of cybersecurity. We are honored to build on this commitment by partnering with CyberPatriot and equip students with the skills and experience they will need to enter this high-demand industry."
CyberPatriot, the nation's largest youth cyber education program, is AFA's flagship STEM program dedicated to strengthening cyber skills among American youth. The program features the National Youth Cyber Defense Competition for high school and middle school students, AFA CyberCamps, Elementary School Cyber Education Initiative and Literature Series, as well as CyberGenerations – a program aimed at equipping senior citizens with the skills needed to stay protected from cyber threats.
Other supporters of CyberPatriot include the Northrop Grumman Foundation, CyberPatriot's Presenting Sponsor, as well as Cyber Diamond sponsors AT&T and the AT&T Foundation, Boeing, Cisco, Microsoft, and the U.S. Department of Homeland Security; Cyber Gold sponsors Air Force Reserve, BNY Mellon, Facebook, Symantec and the USAA Foundation; and Cyber Silver sponsors Air Force STEM, American Military University, Embry-Riddle Aeronautical University, Leidos, Mastercard, University of Maryland Global Campus, and VMware.
ABOUT GANNON UNIVERSITY:Gannon University is a Catholic, diocesan university with campuses in Erie, Pennsylvania, and Ruskin, Florida, offering online and traditional associate, bachelor's, master's and doctoral programs to more than 4,200 academically talented and diverse students.
Gannon University is dedicated to excellence in teaching, scholarship and service. Inspired by the Catholic Intellectual Tradition, the University offers a comprehensive, values-centered learning experience that emphasizes faith, leadership, inclusiveness and social responsibility.
ABOUT AFA:The Air Force Association is a non-profit, independent, professional military and aerospace education association. Our mission is to promote dominant U.S. Air and Space Forces as the foundation of a strong National Defense; to honor and support our Airmen, Space Force Professionals, and their Families; and to remember and respect our enduring Heritage.
View original content:https://www.prnewswire.com/news-releases/gannon-university-joins-cyberpatriot-as-cyber-silver-sponsor-301155113.html
SOURCE Air Force Association