Technology
IBM RELEASES FIRST-QUARTER RESULTS
Published
2 years agoon
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Results exceed expectations driven by strong Software revenue growth, significant gross margin expansion and solid free cash flow
ARMONK, N.Y., April 23, 2025 /PRNewswire/ — IBM (NYSE: IBM) today announced first-quarter 2025 earnings results.
“We exceeded expectations for revenue, profitability and free cash flow in the quarter, led by strength across our Software portfolio. There continues to be strong demand for generative AI and our book of business stands at more than $6 billion inception-to-date, up more than $1 billion in the quarter,” said Arvind Krishna, IBM chairman, president and chief executive officer. “We remain bullish on the long-term growth opportunities for technology and the global economy. While the macroeconomic environment is fluid, based on what we know today, we are maintaining our full-year expectations for revenue growth and free cash flow.”
First-Quarter Highlights
Revenue
– Revenue of $14.5 billion, up 1 percent, up 2 percent at constant currency
– Software revenue up 7 percent, up 9 percent at constant currency
– Consulting revenue down 2 percent, flat at constant currency
– Infrastructure revenue down 6 percent, down 4 percent at constant currency
Profit
– Gross Profit Margin: GAAP: 55.2 percent, up 170 basis points; Operating (Non-GAAP): 56.6 percent, up 190 basis points
– Pre-Tax Income Margin: GAAP: 8.0 percent, up 50 basis points; Operating (Non-GAAP): 12.0 percent, up 50 basis points
Cash Flow
– Net cash from operating activities of $4.4 billion; free cash flow of $2.0 billion
FIRST-QUARTER 2025 INCOME STATEMENT SUMMARY
Revenue
Gross
Profit
Gross
Profit
Margin
Pre-tax
Income
Pre-tax
Income
Margin
Net
Income
Diluted
Earnings
Per Share
GAAP from
Continuing
Operations
$ 14.5 B
$ 8.0 B
55.2
%
$ 1.2 B
8.0
%
$ 1.1 B
$ 1.12
Year/Year
1
%(1)
4
%
1.7
Pts
8
%
0.5
Pts
(33)
%(2)
(34)
%
Operating
(Non-GAAP)
$ 8.2 B
56.6
%
$ 1.7 B
12.0
%
$ 1.5 B
$ 1.60
Year/Year
4
%
1.9
Pts
5
%
0.5
Pts
(3)
%
(5)
%
(1) 2% at constant currency.
(2) GAAP 2024 net income includes a benefit from income taxes due to the resolution of certain tax audit matters.
“Revenue growth, once again led by Software, combined with our productivity initiatives, drove significant gross margin expansion and operating leverage in the quarter,” said James Kavanaugh, IBM senior vice president and chief financial officer. “With our focus on the fundamentals of our business, we continue to maintain a strong liquidity position and yield solid free cash flow. This enables us to both invest in our business and return value to shareholders through dividends.”
Segment Results for First Quarter
Software — revenues of $6.3 billion, up 7 percent, up 9 percent at constant currency:
– Hybrid Cloud (Red Hat) up 12 percent, up 13 percent at constant currency
– Automation up 14 percent, up 15 percent at constant currency
– Data up 5 percent, up 7 percent at constant currency
– Transaction Processing flat, up 2 percent at constant currency
Consulting — revenues of $5.1 billion, down 2 percent, flat at constant currency:
– Strategy and Technology down 3 percent, down 1 percent at constant currency
– Intelligent Operations down 2 percent, flat at constant currency
Infrastructure — revenues of $2.9 billion, down 6 percent, down 4 percent at constant currency:
– Hybrid Infrastructure down 9 percent, down 7 percent at constant currency
— IBM Z down 15 percent, down 14 percent at constant currency
— Distributed Infrastructure down 5 percent, down 4 percent at constant currency
– Infrastructure Support down 3 percent, flat at constant currency
Financing — revenues of $0.2 billion, down 1 percent, up 2 percent at constant currency
Cash Flow and Balance Sheet
In the first quarter, the company generated net cash from operating activities of $4.4 billion, up $0.2 billion year to year. IBM’s free cash flow was $2.0 billion, up $0.1 billion year to year. The company returned $1.5 billion to shareholders in dividends in the first quarter and invested $7.1 billion in acquisitions, including the acquisition of HashiCorp.
IBM ended the first quarter with $17.6 billion of cash, restricted cash and marketable securities, up $2.8 billion from year-end 2024. Debt, including IBM Financing debt of $10.0 billion, totaled $63.3 billion, up $8.3 billion year to date.
Expectations
Revenue: The company continues to expect full-year constant currency revenue growth of at least 5 percent. At current foreign exchange rates, currency is expected to be about a one to one-and-a-half-point tailwind to growth for the year.
– The company expects second-quarter revenue to be in the range of $16.40 billion to $16.75 billion.
Free cash flow: The company continues to expect about $13.5 billion in free cash flow for the full year.
Forward-Looking and Cautionary Statements
Except for the historical information and discussions contained herein, statements contained in this release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on the company’s current assumptions regarding future business and financial performance. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, including, but not limited to, the following: a downturn in economic environment and client spending budgets; a failure of the company’s innovation initiatives; damage to the company’s reputation; risks from investing in growth opportunities; failure of the company’s intellectual property portfolio to prevent competitive offerings and the failure of the company to obtain necessary licenses; the company’s ability to successfully manage acquisitions, alliances and divestitures, including integration challenges, failure to achieve objectives, the assumption or retention of liabilities and higher debt levels; fluctuations in financial results; impact of local legal, economic, political, health and other conditions; the company’s failure to meet growth and productivity objectives; ineffective internal controls; the company’s use of accounting estimates; impairment of the company’s goodwill or amortizable intangible assets; the company’s ability to attract and retain key employees and its reliance on critical skills; impacts of relationships with critical suppliers; product and service quality issues; the development and use of AI and generative AI, including the company’s increased offerings and use of AI-based technologies; impacts of business with government clients; reliance on third party distribution channels and ecosystems; cybersecurity, privacy, and AI considerations; adverse effects related to climate change and other environmental matters; tax matters; legal proceedings and investigatory risks; the company’s pension plans; currency fluctuations and customer financing risks; impact of changes in market liquidity conditions and customer credit risk on receivables; risk factors related to IBM securities; and other risks, uncertainties and factors discussed in the company’s Form 10-Qs, Form 10-K and in the company’s other filings with the U.S. Securities and Exchange Commission or in materials incorporated therein by reference.
Any forward-looking statement in this release speaks only as of the date on which it is made. Except as required by law, the company assumes no obligation to update or revise any forward-looking statements.
Presentation of Information in this Press Release
For generative AI, book of business includes Software transactional revenue, SaaS Annual Contract Value and Consulting signings. The generative AI book of business is further defined within Exhibit 99.2 in the Form 8-K that includes this press release.
In an effort to provide investors with additional information regarding the company’s results as determined by generally accepted accounting principles (GAAP), the company has also disclosed in this press release the following non-GAAP information, which management believes provides useful information to investors:
IBM results —
adjusting for currency (i.e., at constant currency);
presenting operating (non-GAAP) earnings per share amounts and related income statement items;
free cash flow;
net cash from operating activities excluding IBM Financing receivables;
adjusted EBITDA.
The rationale for management’s use of these non-GAAP measures is included in Exhibit 99.2 in the Form 8-K that includes this press release and is being submitted today to the SEC.
Conference Call and Webcast
IBM’s regular quarterly earnings conference call is scheduled to begin at 5:00 p.m. ET, today. The Webcast may be accessed via a link at https://www.ibm.com/investor/events/earnings-1q25. Presentation charts will be available shortly before the Webcast.
Financial Results Below (certain amounts may not add due to use of rounded numbers; percentages presented are calculated from the underlying whole-dollar amounts).
Contact: IBM
Sarah Meron, 347-891-1770
sarah.meron@ibm.com
Tim Davidson, 914-844-7847
tfdavids@us.ibm.com
INTERNATIONAL BUSINESS MACHINES CORPORATION
COMPARATIVE FINANCIAL RESULTS
(Unaudited; Dollars in millions except per share amounts)
Three Months Ended
March 31,
2025
2024
REVENUE BY SEGMENT
Software
$ 6,336
$ 5,899
Consulting
5,068
5,186
Infrastructure
2,886
3,076
Financing
191
193
Other
61
108
TOTAL REVENUE
14,541
14,462
GROSS PROFIT
8,031
7,742
GROSS PROFIT MARGIN
Software
83.6
%
82.4
%
Consulting
27.3
%
25.3
%
Infrastructure
52.8
%
54.2
%
Financing
45.8
%
48.5
%
TOTAL GROSS PROFIT MARGIN
55.2
%
53.5
%
EXPENSE AND OTHER INCOME
SG&A
4,886
4,974
R&D
1,950
1,796
Intellectual property and custom development income
(253)
(216)
Other (income) and expense
(165)
(317)
Interest expense
455
432
TOTAL EXPENSE AND OTHER INCOME
6,873
6,669
INCOME FROM CONTINUING OPERATIONS
BEFORE INCOME TAXES
1,158
1,074
Pre-tax margin
8.0
%
7.4
%
Provision for/(Benefit from) income taxes (1)
103
(502)
Effective tax rate (1)
8.9
%
(46.7)
%
INCOME FROM CONTINUING OPERATIONS
$ 1,054
$ 1,575
DISCONTINUED OPERATIONS
Income from discontinued operations, net of taxes
1
30
NET INCOME
$ 1,055
$ 1,605
EARNINGS PER SHARE OF COMMON STOCK
Assuming Dilution
Continuing Operations
$ 1.12
$ 1.69
Discontinued Operations
$ 0.00
$ 0.03
TOTAL
$ 1.12
$ 1.72
Basic
Continuing Operations
$ 1.14
$ 1.72
Discontinued Operations
$ 0.00
$ 0.03
TOTAL
$ 1.14
$ 1.75
WEIGHTED-AVERAGE NUMBER OF COMMON SHARES OUTSTANDING (M’s)
Assuming Dilution
945.4
933.4
Basic
928.0
917.2
____________________
(1) 2024 includes a benefit from income taxes due to the resolution of certain tax audit matters.
INTERNATIONAL BUSINESS MACHINES CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEET
(Unaudited)
(Dollars in Millions)
At
March 31,
2025
At
December 31,
2024
ASSETS:
Current Assets:
Cash and cash equivalents
$ 11,035
$ 13,947
Restricted cash
126
214
Marketable securities
6,430
644
Notes and accounts receivable – trade, net
5,857
6,804
Short-term financing receivables, net
5,715
7,159
Other accounts receivable, net
897
947
Inventories
1,431
1,289
Deferred costs
1,074
959
Prepaid expenses and other current assets
2,770
2,520
Total Current Assets
35,336
34,482
Property, plant and equipment, net
5,742
5,731
Operating right-of-use assets, net
3,323
3,197
Long-term financing receivables, net
4,920
5,353
Prepaid pension assets
7,670
7,492
Deferred costs
769
788
Deferred taxes
7,594
6,978
Goodwill
66,065
60,706
Intangibles, net
12,392
10,660
Investments and sundry assets
1,856
1,787
Total Assets
$ 145,667
$ 137,175
LIABILITIES:
Current Liabilities:
Taxes
$ 1,573
$ 2,033
Short-term debt
6,913
5,089
Accounts payable
3,585
4,032
Deferred income
15,057
13,907
Operating lease liabilities
798
768
Other liabilities
7,179
7,313
Total Current Liabilities
35,106
33,142
Long-term debt
56,371
49,884
Retirement-related obligations
9,536
9,432
Deferred income
3,844
3,622
Operating lease liabilities
2,753
2,655
Other liabilities
11,105
11,048
Total Liabilities
118,714
109,783
EQUITY:
IBM Stockholders’ Equity:
Common stock
61,913
61,380
Retained earnings
150,703
151,163
Treasury stock – at cost
(170,160)
(169,968)
Accumulated other comprehensive income/(loss)
(15,575)
(15,269)
Total IBM Stockholders’ Equity
26,880
27,307
Noncontrolling interests
72
86
Total Equity
26,953
27,393
Total Liabilities and Equity
$ 145,667
$ 137,175
INTERNATIONAL BUSINESS MACHINES CORPORATION
CASH FLOW
(Unaudited)
Three Months Ended
March 31,
(Dollars in Millions)
2025
2024
Net Income from Operations
$ 1,055
$ 1,605
Depreciation/Amortization of Intangibles (1)
1,177
1,132
Stock-based Compensation
401
320
Operating assets and liabilities/Other, net (2)
(350)
(785)
IBM Financing A/R
2,087
1,897
Net Cash Provided by Operating Activities
$ 4,370
$ 4,168
Capital Expenditures, net of payments & proceeds
(321)
(361)
Divestitures, net of cash transferred
(1)
703
Acquisitions, net of cash acquired
(7,098)
(82)
Marketable Securities / Other Investments, net
(5,559)
(4,469)
Net Cash Provided by/(Used in) Investing Activities
$ (12,979)
$ (4,210)
Debt, net of payments & proceeds
7,092
3,382
Dividends
(1,549)
(1,522)
Financing – Other
(100)
17
Net Cash Provided by/(Used in) Financing Activities
$ 5,443
$ 1,877
Effect of Exchange Rate changes on Cash
167
(159)
Net Change in Cash, Cash Equivalents and Restricted Cash
$ (2,999)
$ 1,676
____________________
(1) Includes operating lease right-of-use assets amortization.
(2) 2024 includes the reduction of tax reserves.
INTERNATIONAL BUSINESS MACHINES CORPORATION
GAAP NET INCOME TO ADJUSTED EBITDA RECONCILIATION
(Unaudited)
Three Months Ended
March 31,
(Dollars in Billions)
2025
2024
Yr/Yr
Net Income as reported (GAAP)
$ 1.1
$ 1.6
$ (0.5)
Less: Income from discontinued operations, net of tax
0.0
0.0
0.0
Income from continuing operations
1.1
1.6
(0.5)
Provision for/(Benefit from) income taxes from continuing ops.
0.1
(0.5)
0.6
Pre-tax income from continuing operations (GAAP)
1.2
1.1
0.1
Non-operating adjustments (before tax)
Acquisition-related charges (1)
0.6
0.5
0.1
Non-operating retirement-related costs/(income)
0.0
0.1
(0.1)
Operating (non-GAAP) pre-tax income from continuing ops.
1.7
1.7
0.1
Net interest expense
0.3
0.2
0.0
Depreciation/Amortization of non-acquired intangible assets
0.7
0.7
0.0
Stock-based compensation
0.4
0.3
0.1
Workforce rebalancing charges
0.3
0.4
(0.1)
Corporate (gains) and charges (2)
0.0
(0.2)
0.2
Adjusted EBITDA
$ 3.4
$ 3.0
$ 0.4
___________________
(1) Primarily consists of amortization of acquired intangible assets.
(2) Corporate (gains) and charges primarily consists of unique corporate actions such as gains on divestitures.
INTERNATIONAL BUSINESS MACHINES CORPORATION
SEGMENT DATA
(Unaudited)
Three Months Ended March 31, 2025
(Dollars in Millions)
Software
Consulting
Infrastructure
Financing
Revenue
$ 6,336
$ 5,068
$ 2,886
$ 191
Segment Profit
$ 1,847
$ 558
$ 248
$ 69
Segment Profit Margin
29.1
%
11.0
%
8.6
%
35.8
%
Change YTY Revenue
7.4
%
(2.3)
%
(6.2)
%
(0.8)
%
Change YTY Revenue – Constant Currency
9.0
%
(0.5)
%
(4.3)
%
2.2
%
Three Months Ended March 31, 2024
(Dollars in Millions)
Software
Consulting
Infrastructure
Financing
Revenue
$ 5,899
$ 5,186
$ 3,076
$ 193
Segment Profit
$ 1,500
$ 424
$ 311
$ 92
Segment Profit Margin
25.4
%
8.2
%
10.1
%
47.7
%
INTERNATIONAL BUSINESS MACHINES CORPORATION
U.S. GAAP TO OPERATING (Non-GAAP) RESULTS RECONCILIATION
(Unaudited; Dollars in millions except per share amounts)
Three Months Ended March 31, 2025
Continuing Operations
GAAP
Acquisition-
Related
Adjustments (1)
Retirement-
Related
Adjustments (2)
Tax
Reform
Impacts
Operating
(Non-
GAAP)
Gross Profit
$ 8,031
$ 201
$ —
$ —
$ 8,232
Gross Profit Margin
55.2
%
1.4
pts
—
pts
—
pts
56.6
%
SG&A
$ 4,886
$ (353)
$ —
$ —
$ 4,533
R&D
1,950
(4)
—
—
1,946
Other (Income) & Expense
(165)
—
(23)
—
(187)
Total Expense & Other (Income)
6,873
(357)
(23)
—
6,494
Pre-tax Income from Continuing Operations
1,158
557
23
—
1,738
Pre-tax Income Margin from Continuing
Operations
8.0
%
3.8
pts
0.2
pts
—
pts
12.0
%
Provision for/(Benefit from) Income Taxes (3)
$ 103
$ 128
$ (12)
$ 2
$ 221
Effective Tax Rate
8.9
%
4.5
pts
(0.8)
pts
0.1
pts
12.7
%
Income from Continuing Operations
$ 1,054
$ 429
$ 35
$ (2)
$ 1,517
Income Margin from Continuing Operations
7.3
%
3.0
pts
0.2
pts
0.0
pts
10.4
%
Diluted Earnings Per Share: Continuing
Operations
$ 1.12
$ 0.45
$ 0.04
$ 0.00
$ 1.60
Three Months Ended March 31, 2024
Continuing Operations
GAAP
Acquisition-
Related
Adjustments (1)
Retirement-
Related
Adjustments (2)
Tax
Reform
Impacts (4)
Operating
(Non-
GAAP)
Gross Profit
$ 7,742
$ 170
$ —
$ —
$ 7,913
Gross Profit Margin
53.5
%
1.2
pts
—
pts
—
pts
54.7
%
SG&A
$ 4,974
$ (268)
$ —
$ —
$ 4,706
R&D
1,796
—
—
—
1,796
Other (Income) & Expense
(317)
(50)
(96)
—
(463)
Total Expense & Other (Income)
6,669
(318)
(96)
—
6,255
Pre-tax Income from Continuing Operations
1,074
488
96
—
1,658
Pre-tax Income Margin from Continuing
Operations
7.4
%
3.4
pts
0.7
pts
—
pts
11.5
%
Provision for/(Benefit from) Income Taxes (3)
$ (502)
$ 142
$ 5
$ 448
$ 94
Effective Tax Rate
(46.7)
%
22.3
pts
3.0
pts
27.0
pts
5.6
%
Income from Continuing Operations
$ 1,575
$ 346
$ 91
$ (448)
$ 1,564
Income Margin from Continuing Operations
10.9
%
2.4
pts
0.6
pts
(3.1)
pts
10.8
%
Diluted Earnings Per Share: Continuing
Operations
$ 1.69
$ 0.37
$ 0.10
$ (0.48)
$ 1.68
____________________
(1) Includes amortization of acquired intangible assets, in-process R&D, transaction costs, applicable retention, restructuring and related expenses, tax charges related to
acquisition integration and pre-closing charges, such as financing costs. 2024 also includes a loss of $50 million on foreign exchange derivative contracts entered into by the
company prior to the acquisition of StreamSets and webMethods from Software AG.
(2) Includes amortization of prior service costs, interest cost, expected return on plan assets, amortized actuarial gains/losses, the impacts of any plan curtailments/settlements and
pension insolvency costs and other costs.
(3) The tax impact on operating (non-GAAP) pre-tax income from continuing operations is calculated under the same accounting principles applied to the GAAP pre-tax income.
(4) 2024 includes a benefit from income taxes due to the resolution of certain tax audit matters.
INTERNATIONAL BUSINESS MACHINES CORPORATION
GAAP OPERATING CASH FLOW TO FREE CASH FLOW RECONCILIATION
(Unaudited)
Three Months Ended
March 31,
(Dollars in Millions)
2025
2024
Net Cash from Operations per GAAP
$ 4,370
$ 4,168
Less: change in IBM Financing receivables
2,087
1,897
Net cash from operating activities excl. IBM Financing receivables
2,283
2,271
Capital Expenditures, net
(321)
(361)
Free Cash Flow
$ 1,962
$ 1,910
INTERNATIONAL BUSINESS MACHINES CORPORATION
GAAP OPERATING CASH FLOW TO ADJUSTED EBITDA RECONCILIATION
(Unaudited)
Three Months Ended
March 31,
(Dollars in Billions)
2025
2024
Net Cash Provided by Operating Activities
$ 4.4
$ 4.2
Add:
Net interest expense
0.3
0.2
Provision for/(Benefit from) income taxes from continuing operations
0.1
(0.5)
Less change in:
Financing receivables
2.1
1.9
Other assets and liabilities/other, net (1)
(0.7)
(1.0)
Adjusted EBITDA
$ 3.4
$ 3.0
____________________
(1) Other assets and liabilities/other, net mainly consists of Operating assets and liabilities/Other, net in the Cash Flow chart, workforce
rebalancing charges, non-operating impacts and corporate (gains) and charges.
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COLUMBIA DISTRIBUTING COMPLETES ALASKA TRANSACTION WITH RNDC, ESTABLISHING A FOUR-STATE PACIFIC NORTHWEST TOTAL BEVERAGE PLATFORM
Published
11 minutes agoon
October 26, 2026By
WILSONVILLE, Ore., Oct. 26, 2026 /PRNewswire/ — Columbia Distributing today announced it has completed its transaction with Republic National Distributing Company (RNDC) to acquire certain beverage distribution assets in Alaska, marking Columbia’s official entry into the state and completing the final component of the letter of intent announced by the companies in April.
The closing represents a major milestone in a long-term strategy Columbia set out to build: a multi-category, multi-state total beverage platform across the Pacific Northwest. With direct operations now spanning Alaska, Oregon, and Washington, along with its recently completed strategic partnership with Hayden Beverage in Idaho, Columbia has brought that vision to life, creating a connected four-state route to market and a more complete one-stop solution for supplier and retail partners across the region.
“This is a huge moment for Columbia because it represents exactly what we set out to build,” said Chris Steffanci, President and CEO of Columbia Distributing. “Our long-term vision has been to create the strongest total beverage platform in the Pacific Northwest—a multi-category, multi-state strategy that gives our partners a more complete solution across the region. With Alaska, that vision is now coming to life. We can offer suppliers and retailers a connected, capable, and increasingly seamless route to market across Alaska, Idaho, Oregon, and Washington.”
The Alaska transaction expands Columbia’s direct service territory to more than 835,000 square miles and adds nearly 1,500 customer accounts. It also brings Columbia into a market with an experienced local team, strong customer relationships, and an established beverage distribution network.
Columbia sees significant untapped potential in the Alaska business and plans to bring renewed investment, leadership, resources, and market focus to the state. The company will pair the Alaska team’s local knowledge and relationships with the culture and ways of working that drive Columbia’s performance in its existing markets, empowering people, moving with urgency, holding one another accountable, and maintaining a relentless focus on customers, brands, and execution.
“What has impressed me most is the energy and ambition of the Alaska team,” Steffanci said. “They know the market, they believe in the brands, and they are hungry to grow, compete, and win. They do not need us to teach them Alaska. Our responsibility is to give them the leadership, investment, tools, and support to show what they can do.”
“At Columbia, we trust our people, empower the teams closest to the market, and expect everyone to take ownership of results,” Steffanci continued. “That culture and the way we work across our company will bring new energy and momentum to Alaska. We are not entering the market to maintain the status quo—we are here to build, grow, compete, and raise the standard. This team is ready to be unleashed, and I believe the market is going to feel the difference very quickly.”
The expansion is the latest step in the deliberate strategy Columbia has pursued to build a broader total beverage business across multiple categories and markets. On June 30, the company completed its acquisition of certain RNDC wine and spirits distribution rights in Oregon and Washington. In September, Columbia completed a strategic partnership with Hayden Beverage, creating long-term alignment with Idaho’s leading locally based beverage distributor. The Alaska transaction completes the geographic footprint Columbia envisioned across the four-state Pacific Northwest market.
Together, these transactions create a platform designed around what suppliers and retailers increasingly need: one partner capable of representing multiple beverage categories across multiple states while still maintaining the local knowledge, relationships, and market-level execution required to succeed in each community.
Columbia’s expanded platform spans beer, wine, spirits, cider, non-alcoholic beverages, and emerging beverage categories. For supplier partners, it provides greater regional scale, category expertise, operational capabilities, and a more cohesive route to market. For retailers, it provides access to a broader portfolio backed by strong sales, delivery, merchandising, revenue management, and account execution capabilities.
“This is what total beverage means to us,” Steffanci added. “It is not simply adding categories or adding geography. It is about building a one-stop solution that connects categories, capabilities, people, and markets in a way that creates more value for our partners. We now have the platform we envisioned across the Pacific Northwest, and our focus turns to executing against that opportunity.”
Columbia is working closely with the Alaska team, suppliers, customers, and business partners to support a smooth transition. Columbia will communicate additional information about the operational transition, portfolio, and go-live timing directly to affected stakeholders.
Columbia appreciates RNDC’s partnership and the work of teams across both organizations to complete the transaction. Financial terms were not disclosed.
About Columbia Distributing
Since 1935, Columbia Distributing has helped build some of the best-known brands in the beverage business. Today, Columbia is one of the nation’s leading total beverage distributors, with a portfolio spanning beer, wine, spirits, cider, non-alcoholic beverages, and emerging beverage categories.
Columbia’s more than 3,200 teammates serve approximately 24,000 retail customers and deliver more than 80 million cases annually. With direct operations across Alaska, Oregon, and Washington and a strategic partnership with Hayden Beverage in Idaho, Columbia offers supplier and retail partners a connected four-state, multi-category route to market across the Pacific Northwest.
Columbia’s success is built on its people, its brands, and a deep-rooted commitment to execution, service, and creating sustainable growth for its teammates, customers, suppliers, shareholders, and communities. For more information, visit www.coldist.com.
Contact: Steve Gibbs
Steve.Gibbs@coldist.com | 206-920-6799
View original content to download multimedia:https://www.prnewswire.com/news-releases/columbia-distributing-completes-alaska-transaction-with-rndc-establishing-a-four-state-pacific-northwest-total-beverage-platform-302919977.html
SOURCE Columbia Distributing
Technology
Secretary of the State Thomas Highlights Record Protecting Connecticut Businesses as Scams Grow More Sophisticated
Published
11 minutes agoon
October 26, 2026By
As early voting enters its final week, Secretary of the State Stephanie Thomas highlights her first-term record protecting Connecticut businesses, from fighting human trafficking and business hijacking to lowering fees and moving filings online, and pledges to keep business owners prepared as AI makes scams more sophisticated.
HARTFORD, Conn., Oct. 26, 2026 /PRNewswire-PRWeb/ — As scams targeting Connecticut businesses grow more sophisticated, including recent emails impersonating state offices, Secretary of the State Stephanie Thomas is highlighting the protections her team has put in place for the more than half a million businesses registered in Connecticut. She is seeking a second term to build on that work as AI-powered fraud creates new risks for business owners.
“If someone tries to steal your business, you’re not on your own. AI is making scams more sophisticated by the month, and I’ll keep making sure business owners know what to watch for.”
“Before I was Secretary of the State, I ran a small business, so I know how scarce time and money can be,” said Secretary Thomas. “That’s why our team cut fees and red tape, and why I fought for new laws that let my office investigate when fraudsters hijack a Connecticut business. If someone tries to steal your business, you’re not on your own. But the threats keep evolving. AI is making scams more sophisticated by the month, and I’ll keep making sure business owners know what to watch for. I’m not done delivering for Connecticut businesses, and I hope you’ll support me on November 3.”
Protecting Connecticut Businesses
Fighting human trafficking. Through Be a Light, Secretary Thomas made Connecticut the 7th state in the country and the first in the Northeast to help businesses identify, report and prevent human trafficking. Trafficking can reach any business through its customers, employees or supply chains. PreventHumanTraffickingCT.com gives owners practical guidance on what to watch for and what to do.
Stopping business hijacking. Fraudsters have stolen login credentials, changed a business’s listed owner and opened lines of credit in its name. Owners used to have only one remedy: hire a lawyer and go to court. Secretary Thomas brought the problem to the legislature. New laws now give her office the authority to investigate and the funding to build stronger protections, including screening that flags suspicious filings for human review.
Early warnings for owners. Business owners can turn on Follow Business alerts at Business.CT.gov to be notified whenever someone files a document for their business.
Lower costs, less red tape. Apostille fees are lower, and the entire process for authenticating documents for use abroad, used for about 40,000 documents a year, is now online. That makes Connecticut one of the first states to offer it. A new statewide trademark directory lets owners check a name before investing in it.
Help getting started and growing. A free monthly business newsletter gathers grants, funding and training opportunities in one place. A new Business Welcome Packet walks owners through their first steps, from tax IDs to fraud protection.
Early Voting Ends Sunday, Nov. 1
Early voting is open daily from 10 a.m. to 6 p.m. through Sunday, Nov. 1, with extended hours from 8 a.m. to 8 p.m. on Tuesday, Oct. 27 and Thursday, Oct. 29. There is no early voting on Monday, Nov. 2.
Every town has at least one early voting location. Voters can find theirs at MyVote.CT.gov or by contacting their town’s registrar of voters. Eligible residents who are not yet registered can register and vote the same day during early voting or on Election Day, Tuesday, Nov. 3, when polls are open from 6 a.m. to 8 p.m.
About Stephanie Thomas
Stephanie Thomas is Connecticut’s 75th Secretary of the State and the first Black person elected to the office. Since taking office in 2023, she has secured $20 million to modernize Connecticut’s election equipment, led the rollout of early in-person voting, expanded civic education through initiatives such as the Power of Civics platform and launched Be a Light, making Connecticut the first state in the Northeast to help businesses identify, report and prevent human trafficking.
Thomas is running for reelection in 2026. She serves on the Executive Board of the National Association of Secretaries of State and testified before Congress in 2025 about balancing voter access with election security.
Before becoming secretary, Thomas represented Norwalk, Wilton and Westport in the state legislature. She also ran a small business and spent nearly 30 years advising nonprofit organizations on strategy and fundraising.
Media Contact
Natasha Lopoukhine, Savvy Marketing Communications, 1 2039560920, natasha@igotsavvy.com, www.igotsavvy.com
View original content to download multimedia:https://www.prweb.com/releases/secretary-of-the-state-thomas-highlights-record-protecting-connecticut-businesses-as-scams-grow-more-sophisticated-302919955.html
SOURCE Stephanie Thomas
Technology
MNA: Berkshire VNA Nurses and Healthcare Professionals Deliver Petition Calling for a Fair Union Contract to Strengthen Patient Access to Home Care
Published
11 minutes agoon
October 26, 2026By
While there has been bargaining progress on early-career wages, clinicians are urging BVNA to invest in experienced staff to support safe patient care
PITTSFIELD, Mass., Oct. 26, 2026 /PRNewswire/ — Berkshire Visiting Nurse Association (BVNA) nurses and healthcare professionals, represented by the Massachusetts Nurses Association (MNA), delivered a petition to BVNA management at 4 p.m. Monday, October 26, calling for a fair contract that supports recruitment, retains experienced clinicians and protects the time needed to care for patients safely at home. The parties next meet for bargaining on October 28.
The petition comes as the bargaining unit has shrunk by approximately half over the past several years amid high turnover and challenges attracting new staff. BVNA clinicians are seeking to reverse that decline to strengthen access to home care, help patients recover in familiar surroundings, and support timely hospital discharges.
“We appreciate that management has made progress toward attracting new staff by moving on wages for nurses and healthcare professionals early in their careers,” said Tamaryn Clowdus, physical therapist, and Co-Chair of the MNA Bargaining Committee at Berkshire VNA. “We also need reasonable cost-of-living increases for the experienced clinicians who have stayed with the VNA through difficult years. Building a stable workforce and supporting our home care patients requires a focus on both recruitment and retention.”
BVNA nurses and healthcare professionals provide care that helps patients manage illness, recover after hospitalization and remain safely at home. Experienced clinicians bring clinical judgment, knowledge of their communities and familiarity with patients’ needs. These are important community assets that are difficult to replace when staff leave.
With Berkshire Medical Center experiencing high patient volume, sufficient levels of home care staffing matters more than just the patients receiving visits. Ready access to home care can help patients who are ready to leave the hospital return home with the support they need, making more hospital beds available for people requiring acute care.
“Berkshire Medical Center nurses stand with our BVNA colleagues in their efforts to secure a fair contract that strengthens home care in Berkshire County,” said Sarah Roberts, RN, MNA Co-Chair at Berkshire Medical Center. “We see every day how much our patients depend on having care available when they return home. Supporting the clinicians who provide that care helps patients leave the hospital safely and keeps beds available for others who need acute care.”
The BVNA petition also calls for reasonable and achievable productivity expectations developed with clinicians and grounded in the realities of home care. A visit involves more than time spent in a patient’s home. Clinicians must also document care, coordinate services, communicate with providers and families, and travel between patients.
MassNurses.org │ Facebook.com/MassNurses │ Twitter.com/MassNurses │ Instagram.com/MassNurses
Founded in 1903, the Massachusetts Nurses Association is the largest union of registered nurses in the Commonwealth of Massachusetts. Its 26,000 members advance the nursing profession by fostering high standards of nursing practice, promoting the economic and general welfare of nurses in the workplace, projecting a positive and realistic view of nursing, and by lobbying the Legislature and regulatory agencies on health care issues affecting nurses and the public.
View original content to download multimedia:https://www.prnewswire.com/news-releases/mna-berkshire-vna-nurses-and-healthcare-professionals-deliver-petition-calling-for-a-fair-union-contract-to-strengthen-patient-access-to-home-care-302919989.html
SOURCE Massachusetts Nurses Association
COLUMBIA DISTRIBUTING COMPLETES ALASKA TRANSACTION WITH RNDC, ESTABLISHING A FOUR-STATE PACIFIC NORTHWEST TOTAL BEVERAGE PLATFORM
Secretary of the State Thomas Highlights Record Protecting Connecticut Businesses as Scams Grow More Sophisticated
MNA: Berkshire VNA Nurses and Healthcare Professionals Deliver Petition Calling for a Fair Union Contract to Strengthen Patient Access to Home Care
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