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TravelCenters of America (TA) is a leading nationwide business that operates travel centers in 44 U.S. states and Canada, standalone truck service facilities in three states, and standalone restaurants in 12 states. TA's travel centers function under the well-known brands such as 'TravelCenters of America,' 'TA,' 'TA Express,' 'Petro Stopping Centers,' and 'Petro.' These centers offer a comprehensive range of services including diesel fuel and gasoline, dining options, truck repair services, travel/convenience stores, and other amenities tailored to enhance the travel experience for professional drivers and other motorists.
The company's truck service facilities operate under the 'TA Truck Service' brand, providing specialized maintenance and repair services. TA's standalone restaurants predominantly operate under the 'Quaker Steak & Lube' (QSL) brand, offering diverse dining options in 12 states.
With a commitment to delivering quality and convenience, TA remains a vital player in the travel and transportation industry. The company has recently announced the release of its second quarter 2023 financial results, which will be discussed in a conference call with investors, analysts, and media. The detailed results will be available on TransAlta's investor center, providing insights into the company's financial health and strategic direction.
TransAlta Corporation, a significant part of TA's operations, focuses on developing and operating a diverse fleet of electrical power generation assets across Canada, the United States, and Australia. Emphasizing sustainable energy solutions, TransAlta is a major producer of wind and hydro-electric power in Canada. Their alignment with UN Sustainable Development Goals and proactive climate change strategies highlight their dedication to environmental responsibility.
For over 111 years, TransAlta has been committed to delivering reliable and affordable power to various sectors, including municipalities, industries, and utility customers. They have achieved notable milestones, such as a 68% reduction in GHG emissions since 2015 and high ratings from CDP and MSCI for their sustainability efforts.
TransAlta Renewables, another significant arm of the corporation, is among the largest publicly traded renewable independent power producers in Canada. Their diverse asset platform includes 26 wind facilities, 13 hydroelectric facilities, 8 natural gas generation facilities, and other renewable energy projects, emphasizing their commitment to clean energy production.
TravelCenters of America (Nasdaq: TA) will hold an Investor Day on
TravelCenters of America (TA) reported a 121% increase in net income for the quarter ended June 30, 2022, reaching $64.0 million or $4.31 per share. Adjusted EBITDA rose 67% to $122.8 million, demonstrating strong operational performance amid volatile supply markets. Fuel gross margins surged 56%, while non-fuel revenues grew 10.3%. The company completed acquisitions of travel centers, supporting its expansion strategy. With total liquidity of $750.6 million, TA continues to invest in growth initiatives and network enhancements.
TravelCenters of America Inc. (Nasdaq: TA) will release its second quarter 2022 financial results on August 1, 2022, after market close. A conference call hosted by CEO Jonathan Pertchik, President Barry Richards, and CFO Peter Crage will take place on August 2, 2022, at 10:00 a.m. ET. Participants can join the call via telephone or listen to a live audio webcast on the company’s website. An archived version of the call will be available for replay until August 9, 2022.
TravelCenters of America (NASDAQ: TA) is continuing its annual Round Up campaign to support the St. Christopher Truckers Relief Fund (SCF) from July 1, 2022, to September 1, 2022. Guests at participating locations can round up their purchase, with proceeds aiding truck drivers sidelined by illness or injury. Since 2010, TA has raised over $3 million for SCF, which provides financial assistance and health programs for drivers. The campaign highlights TA's commitment to supporting the trucking community while enhancing customer engagement.
TravelCenters of America Inc. (Nasdaq: TA) held its 2022 Annual Meeting of Stockholders, where Lisa Harris Jones and Rajan C. Penkar were re-elected as Independent Directors with 59.0% and 72.4% of votes, respectively. The stockholders also ratified Deloitte & Touche LLP as independent auditors for the fiscal year with an overwhelming 99.8% approval. These decisions underscore the strong governance and shareholder support for the management team amid TA's operations across 276 locations in 44 states, focusing on sustainability and full-service offerings.
TravelCenters of America (Nasdaq: TA) announced that CEO Jonathan Pertchik and CFO Peter Crage will present at the Oppenheimer 22nd Annual Consumer Growth and E-Commerce Conference on June 15, 2022, at 12:00 p.m. Eastern Time. The company will also facilitate virtual one-on-one meetings with investors through Oppenheimer representatives. A live audio webcast of the presentation will be available on the company's events page. TravelCenters operates the largest full-service travel center network in the U.S. with over 276 locations across 44 states.
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