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Group 1 Automotive Provides Statement on CDK Cybersecurity Incident

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HOUSTON, June 24, 2024 /PRNewswire/ — Group 1 Automotive, Inc. (NYSE: GPI) (“Group 1” or the “Company”), a Fortune 300 automotive retailer with 202 dealerships located in the U.S. and U.K., today announced that the cybersecurity incident recently experienced by third-party software provider, CDK Global LLC (“CDK”), has disrupted Group 1’s business applications and processes in its U.S. operations that rely on CDK’s dealers’ systems. 

In response, the Company immediately activated its cyber incident response procedures and proactively took measures to protect and isolate its systems from CDK’s platform.  Despite the CDK service outage, all Group 1 U.S. dealerships continue to conduct business using alternative processes until CDK’s dealers’ systems are available.  The Company’s dealerships in the U.K. do not use CDK’s dealers’ systems and are therefore not impacted by the CDK service outage.

CDK has advised that it anticipates the restoration of the dealer management system will require several days and not weeks.  The timing of the restoration of other impacted CDK applications remains unclear at this time. Group 1’s ability to determine the material impact, if any, of the CDK incident and the resulting service outage, will ultimately depend on a number of factors, including when, and to what extent, the Company resumes its access to CDK’s dealers’ systems. Group 1 is closely monitoring this situation and will take additional action if determined necessary.

“Our associates are coming together with an unwavering focus on delivering the best possible customer experience. Their efforts have been nothing short of exemplary.  We’d like to thank our team, our customers, and our partners for their patience as we navigate this outage,” said Daryl Kenningham, Group 1’s President and Chief Executive Officer.

ABOUT GROUP 1 AUTOMOTIVE, INC.

Group 1 owns and operates 202 automotive dealerships, 264 franchises, and 42 collision centers in the United States and the United Kingdom that offer 35 brands of automobiles. Through its dealerships and omni-channel platform, the Company sells new and used cars and light trucks; arranges related vehicle financing; sells service and insurance contracts; provides automotive maintenance and repair services; and sells vehicle parts.

Group 1 discloses additional information about the Company, its business, and its results of operations at www.group1corp.com, www.group1auto.com, www.group1collision.com, www.acceleride.com, www.facebook.com/group1auto, and www.twitter.com/group1auto.

FORWARD-LOOKING STATEMENTS

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, which are statements related to future, not past, events and are based on our current expectations and assumptions regarding our business, the economy and other future conditions. These statements address Group 1’s expectations or beliefs regarding future events, actions or performance, including the impact of the CDK cybersecurity incident on Group 1, including its financial condition and results of operations. Factors that could affect future developments and performance include access to the CDK platform, and CDK’s ability to contain and remediate the cybersecurity incident and other risk and factors contained in the documents that Group 1 has filed with the Securities and Exchange Commission.

Investor contacts:
Terry Bratton
Manager, Investor Relations
Group 1 Automotive, Inc.
ir@group1auto.com 

Media contacts:
Pete DeLongchamps
Senior Vice President, Manufacturer Relations, Financial Services and Public Affairs
Group 1 Automotive, Inc.
pdelongchamps@group1auto.com
or
Clint Woods
Pierpont Communications, Inc.
713-627-2223
cwoods@piercom.com 

View original content:https://www.prnewswire.com/news-releases/group-1-automotive-provides-statement-on-cdk-cybersecurity-incident-302179875.html

SOURCE Group 1 Automotive, Inc.

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Black Box Strengthens Australian Presence. Launches Security Operations Center, and Data Networking Lab in Sydney

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MUMBAI, India and SYDNEY, May 13, 2025 /PRNewswire/ — Black Box Limited (BSE: 500463) (NSE: BBOX), a leading digital infrastructure solution provider, today announced the expansion of its operations in Australia with the launch of a new facility in Sydney. This strategic move underscores Black Box’s commitment to providing world-class, customer-centric technology solutions that combine global expertise with tailored local execution.

At the core of the expansion is the establishment of a state-of-the-art Security Operations Center (SOC) and an advanced Data Networking Lab. These facilities are purpose-built to meet the growing demand for robust cybersecurity and high-performance networking solutions among Australian enterprises.

The new SOC will offer 24/7 threat monitoring, AI-driven risk mitigation, and real-time incident response, enabling organizations to proactively protect their digital environments. Complementing this, the Data Networking Lab will accelerate the deployment of next-generation technologies such as Wi-Fi 6E, AI-powered automation, and Software-Defined Networking (SDN)—empowering businesses to modernize, optimize, and future-proof their IT infrastructure.

“Our expansion is fundamentally about serving our customers better,” said Mr. Sanjeev Verma, President & CEO, Black Box. “We’re not just opening a new office—we’re creating a dedicated innovation hub that will transform how Australian enterprises approach digital security and network modernization.”

This investment represents a significant milestone in Black Box’s global growth strategy and reinforces its vision of enabling secure, intelligent, and scalable digital transformation for enterprises worldwide. As Australia’s digital economy continues to evolve rapidly, Black Box is committed to playing a leading role in helping organizations strengthen resilience, agility, and competitiveness in an increasingly complex technology landscape.

About Black Box

Black Box is a global digital infrastructure integrator specializing in network integration, cybersecurity, digital connectivity, and data center services. With 4,000 professionals worldwide, the company supports businesses across the United States, Europe, Asia Pacific, the Middle East, and Latin America, helping them accelerate digital transformation, fortify cybersecurity, and optimize operations.

At the core of its solutions is cybersecurity expertise, offering AI-driven threat detection, proactive risk mitigation, and 24/7 security operations to defend enterprises against evolving cyber threats. Partnering with industry leaders, Black Box delivers secure, scalable, and industry-specific technology solutions. By blending cutting-edge security with innovation, the company empowers businesses to build resilient digital ecosystems that drive growth and agility in an increasingly complex threat landscape.

For more information, visit www.blackbox.com.

View original content:https://www.prnewswire.com/apac/news-releases/black-box-strengthens-australian-presence-launches-security-operations-center-and-data-networking-lab-in-sydney-302452670.html

SOURCE Black Box

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Electro-Sensors, Inc. Announces First Quarter 2025 Financial Results

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MINNETONKA, Minn., May 12, 2025 /PRNewswire/ — Electro-Sensors, Inc. (NASDAQ: ELSE), a leading global provider of machine monitoring sensors and hazard monitoring systems, today announced financial results for the first quarter ended March 31, 2025.

First quarter revenue of $2,239,000Gross Margin of 48.4%Cash and investments of approximately $10.0 million

Unaudited; in thousands, except per share data

Q1 FY25

Q1 FY24

Change

Net Sales

$

2,239

$

2,244

(0.2)

%

Gross Margin

48.4

%

48.1

%

30

Bps

Operating Loss

$

(169)

$

(100)

(69.0)

%

Operating Margin

(7.6)

%

(4.5)

%

(310)

bps

Income (Loss) Before Income Tax Benefit

$

(81)

$

16

(606.3)

%

Income (Loss) Per Share (diluted)

$

(0.02)

$

0.00

(100.0)

%

“We are pleased to report first quarter revenue of $2,239,000, down 0.2% from the prior-year period,” said David L. Klenk, Electro-Sensors’ president.  “The decrease was driven primarily by reduced sales of HazardPROTM wireless product sales, partially offset by an increase in sales of wired sensor products.”

A full analysis of results for the period ended March 31, 2025 is available in the Company’s Form 10-Q, which is available on the Company’s website at www.electro-sensors.com or through the Securities and Exchange Commission’s Edgar database at www.sec.gov.

Electro-Sensors, Inc.

Consolidated Statements of Income

For the Quarter Ended March 31, 2025 and 2024 (unaudited)

(in thousands except share and per share amounts)

Three Months Ended March 31

2025

2024

Net sales

$

2,239

$

2,244

Cost of goods sold

1,155

1,164

Gross profit

1,084

1,080

Operating expenses

1,253

1,180

Operating loss

(169)

(100)

Non-operating income

88

116

Income (loss) before income taxes

(81)

16

Benefit from income taxes

(17)

5

Net income (loss)

$

(64)

$

11

Income (loss) per share – diluted

$

(0.02)

$

0.00

Average shares outstanding – diluted

3,449,021

3,428,021

 

Electro-Sensors, Inc.

Consolidated Balance Sheets

March 31, 2025 and December 31, 2024

(in thousands)

March 31

December 31

2025

2024

Assets

(unaudited)

Current Assets

Cash and investments

$

9,974

$

10,004

Trade receivables, net

1,505

1,309

Inventories, net

2,010

1,964

Other current assets

250

197

Total current assets

13,739

13,474

Deferred income tax asset, long-term

460

501

Property and equipment, net

887

910

Total assets

$

15,086

$

14,885

Liabilities and Stockholders’ Equity

Current Liabilities

Accounts payable and accrued expenses

$

786

$

552

Total current liabilities

786

552

Stockholders’ equity

Common stock

344

344

Additional paid-in capital

2,391

2,360

Retained earnings

11,565

11,629

Total stockholders’ equity

14,300

14,333

Total liabilities and stockholders’ equity

$

15,086

$

14,885

About Electro-Sensors

Electro-Sensors, Inc. is an industry leading designer and manufacturer of rugged and reliable machine monitoring sensors and wireless/wired hazard monitoring systems applied across multiple industries and applications. These products improve processes by protecting people, safeguarding systems, reducing downtime, and preventing waste. Electro-Sensors is proud to be an ISO9001:2015 quality certified company and is committed to providing excellent customer service and technical support. Founded in 1968 and located in Minnetonka, Minnesota, Electro-Sensors provides its loyal customers with reliable products that improve safety and help plants operate with greater efficiency, productivity and control.

Cautionary Statement Regarding Forward Looking Statements

This press release may include statements about possible or anticipated future financial performance, business activities, plans, or opportunities.  These forward-looking statements may include the words “will,” “should,” “believes,” “expects,” “anticipates,” “intends” or similar expressions.  For these forward-looking statements, the Company claims the protection of the safe harbor for forward−looking statements contained in federal securities laws.  Forward-looking statements reflect the company’s current views with respect to future events and financial performance and include any statement that does not directly relate to a current or historical fact.  These forward-looking statements are subject to a number of factors, risks and uncertainties, including those disclosed in our periodic filings with the SEC that could cause actual performance, activities, plans, or opportunities after the date the statements are made to differ significantly from those indicated in the forward-looking statements.

For more information please visit our website at: www.electro-sensors.com. Also look us up on:
LinkedIn: linkedin.com/company/electro-sensors-inc-
X: x.com/ESIsensors
Facebook: facebook.com/ElectroSensors

 

View original content:https://www.prnewswire.com/news-releases/electro-sensors-inc-announces-first-quarter-2025-financial-results-302452891.html

SOURCE Electro-Sensors, Inc.

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Audit Peak Successfully Completes AICPA Peer Review

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NEW YORK, May 12, 2025 /PRNewswire/ — Audit Peak, an NYC based CPA firm specializing in IT audits, cybersecurity, and risk advisory services, proudly announces the successful completion of its recent peer review under the American Institute of Certified Public Accountants (AICPA) Peer Review Program.

 

Compliance at Its Peak

The peer review, an evaluation mandated for firms providing attest services, is a rigorous assessment of a CPA firm’s system of quality control in accordance with the AICPA’s professional standards. It serves as an independent affirmation of a firm’s uncompromising commitment to industry-leading practices and its proven ability to consistently deliver precise, trustworthy, and high-quality services to clients. Audit Peak received a “Pass” rating, the highest possible outcome, demonstrating the firm’s dedication to excellence in accounting and auditing practices and its adherence to the SOC standards set by the AICPA, the national professional organization of CPAs.

“Achieving a successful peer review is a significant milestone that reflects our dedication to upholding the highest standards of quality and integrity,” said Chevorne Lewis, Compliance Officer at Audit Peak. “This accomplishment reinforces our team’s unwavering commitment to delivering exceptional compliance and audit solutions for organizations of all sizes and industries. Our clients can trust that every audit and SOC report we deliver meets the most rigorous professional standards in the industry—perfectly aligning with our mission of delivering Compliance at Its Peak.”

As Audit Peak continues to expand its reach and elevate its compliance offerings, this achievement further cements its reputation as a trusted leader in audit and risk advisory services. Clients can have full confidence in the firm’s expertise, track record of delivering exceptional results, and relentless commitment to integrity and professional excellence.

About Audit Peak

Audit Peak was founded and is operated by former PwC, EY, and KPMG professionals, delivering Big 4–level audit expertise with the agility and client-focused service of a boutique firm. The firm’s consultants have led hundreds of audits across industries and geographies, for organizations ranging from emerging startups and small businesses to Fortune 100 enterprises with workforces exceeding 200,000 employees. Audit Peak’s expertise spans both legacy environments and modern cloud platforms such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP).

The firm offers a comprehensive range of audit and compliance services, including SOC 1, SOC 2, HIPAA, NIST CSF, Agreed-Upon Procedures, MARS-E, Publication 1075, NIST 800-53, FISMA, GDPR, and GLBA audits. Audit Peak’s successful peer review reinforces its position as the trusted partner of choice for organizations seeking excellence in audit and compliance solutions.

For more information about Audit Peak and its services, please visit https://www.auditpeak.com.

Access Audit Peak’s Peer Review Report.

Media Contact:
Chevorne Lewis
Compliance Officer
Audit Peak
Email: compliance@auditpeak.com
Phone: 212-740-PEAK

View original content to download multimedia:https://www.prnewswire.com/news-releases/audit-peak-successfully-completes-aicpa-peer-review-302452924.html

SOURCE Audit Peak

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