Garden-weeding robotics company hires iRobot cofounder as CEO

If Tertill, the garden-weeding robot made by a Billerica startup of the same name, didn’t already remind you of the Roomba vacuum, the company’s latest hire should leave no doubt about its designs on the home automation industry.

Tertill said Tuesday that it had hired as its chairman and chief executive Helen Greiner, who was co-founder and top executive at Roomba maker iRobot of Bedford. She later founded the drone maker CyPhy Works, before leaving that role to work for the US Army as an expert on robotics, autonomous systems, and artificial intelligence.

At Tertill, Greiner is reuniting with Joe Jones, who was instrumental in creating the Roomba and later created the Tertill. Grenier said she had been independently looking for opportunities for outdoor home robots and a conversation with Tertill executives wound up convincing her to join the company.

“It’s a really under-served space from a technology point of view, and that’s a great place to be as a startup,” she said. Greiner succeeds Linda Ystueta, who becomes Tertill’s chief operating officer.

The solar-powered, weatherproof Tertill uses a small trimmer to cut weeds as they emerge while tilling the soil with its wheels to prevent unwanted plants from sprouting and taking root. It sells for about $350.

Many companies have their eyes on doing for the outdoors what Roomba and its competitors have done to the interiors of their customers’ homes. IRobot is working on a robotic lawnmower, and several other companies have launched them — including Husqvarna, which Greiner said has made an early-stage investment of $1 million in Tertill.

Greiner, who will also take over as chairwoman of the company’s board, said she’s interested in other ideas for outdoor robotic applications, such as collecting leaves or clearing snow. But for now, she said she’d be focused on building a robust business to support a product that has shown some clear consumer interest.


Andy Rosen can be reached at [email protected] Follow him on Twitter @andyrosen.

Source Article

Read more

Central Garden & Pet Company: Trading At Fair Value (NASDAQ:CENT)

After an impressive run-up in price, shares in Central Garden & Pet Company (CENT) are taking a breather, retracing from their 52-week highs, and currently trading at $37.8 per share.

The company has benefited from the change in consumer behavior as restrictions were placed to combat the spread of COVID. We have seen that strength translate to retailers such as The Home Depot (HD), Tractor Supply (TSCO), and competitor Scotts Miracle-Gro (SMG), all showing impressive year-to-date results and pointing to an industry enjoying the tailwinds from a shift in discretionary spending towards categories such as gardening and pets, as consumers find themselves with more time spent at home.

As it relates to CENT, the company’s Q3 was its best-performing quarter in its history driven by robust consumer demand. The company ended the quarter with $495M in cash and a leverage ratio of 2.4x, within management’s targeted range.

While the company still expects strong demand in Q4, management guided for a slight earnings loss in Q4 as they increase levels of spending towards e-commerce, digital marketing, and cost control measures. As a result, management expects full-year EPS to be at or above $1.90, implying negative EPS of minus $0.08 in the upcoming quarter. However, it’s important to keep in mind that Q4 is the smallest earnings quarter for the company. For example, in Q4 of 2018 and 2019, the company did $0.03 and $0.04, respectively in diluted EPS.

From a valuation point of view, the company is trading at a forward P/E multiple of 19x, approximately in-line with its 5-year average of 22.8x. We believe CENT is trading at fair value and the stock price is already pricing in the favorable outlook for CENT’s business segments (mainly Pet products and Garden Products). We also believe revenue growth through acquisitions might be hard to come by in a hot market. M&A has been the main growth driver for CENT, having completed 50 acquisitions since 1992. However, with strong tailwinds lifting the sector, management might have trouble finding a suitable deal at a reasonable valuation.

To sustain forward earnings of 18x, organic growth needs to remain resilient, which would depend in part on how the pandemic develops in the upcoming quarters. If a vaccine takes longer than expected, then it is reasonable to assume consumers would keep spending their discretionary incomes towards categories such as pets and gardens.

That said, with CENT trading at a fair value multiple, we would rather wait for a bigger margin of safety before initiating a position to account for the unpredictability of the current market. We are neutral on the company.

Tailwinds drove CENT’s best quarterly results

CENT reported third-quarter sales of $833M, up 18% on a year-over-year basis, and beating expectations by $110M. The company also reported a GAAP EPS of $1.27, beating the consensus by $0.43.

There was strong demand for both CENT’s product segments. The company experienced organic sales of 18% in Garden, and 15% in Pets compared to the prior-year period.

Operating margins

Read more

I Luv Company, Specializing in Silicone Kitchen Utensils and Idea Consumer Goods, Speeds Up the Entry into Overseas Markets – Press Release

Video Link: https://www.youtube.com/embed/M-s5oIzQYF0

I Luv Company, which sells silicone kitchen utensils and idea consumer goods to hypermarkets and home shopping in Korea, is accelerating its entry into the overseas market.

I Luv Company is loved by housewives in their 30s, 40s and 50s, dealing with silicone and novel idea kitchen utensils and daily necessities, as well as safe consumer goods and cost-effective consumer goods.

I Luv Company owns 1 patent and 2 trademark registrations, 1 design, and 1 intellectual property rights, was awarded in the Trademark Design Rights Fair in 2018, and received a commendation from the Shared Growth Committee and the Ministry of Trade, Industry and Energy in 2019. 

The main product of I Luv Company is silicone cooking utensils, and what’s special is that it is entirely made of silicone, unlike general cases where only part of the product is made of to lower the mass production cost, so it’s safer and more hygienic. 

The silicone material does not generate harmful components and can survive in boiling water by withstanding 250 degrees to minus 50 degrees Celsius and can be disinfected. Also, because it is flexible, there is no sound or scratches on cooking utensils, pans, etc., preventing the growth of secondary bacteria in advance.

Among the products of the I Luv Company, the chopping knife basket was selected as a global luxury product by the Korea Institute of Design Promotion. Moreover, in 2020, a dedicated R&D department was opened to accelerate product design. I Luv Company is actively working as it supplies to large-scale marts in Korea such as E-Mart, Lotte Mart, Nonghyup Distribution, E-Land Retail, GS Retail, Mega Mart, Seowon Distribution, etc.

I Luv Company has its own kitchenware brand, Aerang Cook. Aerang Cook is attracting attention by housewives with the theme of adding love to cooking by combining a Chinese character, “Ae,” which means love and Korean “rang,” and English, “cooking”.

I Luv Company has exported its products to Kenya, and is preparing to export to Brazil, Indonesia, Vietnam and Malaysia. As it entered the US online market Amazon and Southeast Asian market Shopi, it promoted the products of the brand Aerang Cook and went on export. In addition, overseas buyers who prefer Korean products will supply products to overseas buyers through ODM orders.

Taking this opportunity, Ji-yoon Seong, CEO of I Luv Company, said that it plans to introduce kitchenware that consumers can trust and use safely, and that it plans to promote and export Aerang Cook products, I Luv Company’s brand, to 40 countries.

Media Contact
Company Name: I luv company
Contact Person: Chang yoon Lee
Email: Send Email
Phone: +82 10 5060 6406
Country: South Korea
Website: https://www.gobizkorea.com/user/goods/frontGoodsDetail.do?goods_no=GS2020072094024&ctgryCode=S0900200040000&upperCode=M0900200000000&goodsNms=Silicone-Wide-Turner&skwanSn=&speclKwanId=SPCCD0000624

// Load the SDK Asynchronously (function(d){ var js, id = 'facebook-jssdk', ref = d.getElementsByTagName('script')[0]; if (d.getElementById(id)) {return;} js = d.createElement('script'); js.id = id; js.async = true; js.src = "http://connect.facebook.net/en_US/all.js"; ref.parentNode.insertBefore(js, ref); })(document); })();

Source Article

Read more

The Zacks Analyst Blog Highlights: Atlas Air Worldwide, BMC Stock, Central Garden & Pet Company, Comfort Systems USA and DICK’S Sporting Goods

For Immediate Release

Chicago, IL – September 17, 2020 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Atlas Air Worldwide Holdings, Inc. AAWW, BMC Stock Holdings, Inc. BMCH, Central Garden & Pet Company CENT, Comfort Systems USA, Inc. FIX and DICK’S Sporting Goods, Inc. DKS.

Here are highlights from Wednesday’s Analyst Blog:

Wall Street Makes Record Recovery from Coronavirus: 5 Growth Picks

The Dow Jones Industrial Average, despite the recent turmoil, has almost recovered all losses suffered during the coronavirus pandemic. The blue-chip index bounced back from the bear market territory in March and is now near its all-time high achieved on Feb 12, 2020.

Similarly, the S&P 500 had plummeted more than 30% within six weeks this spring, marking its fastest descent from record levels into a bear market. But the broader index has been on an uptrend, recording the fifth successive month of rally in August in more than 80 years.

What’s more, the S&P 500’s journey from a record high in February to a bear market in March, and then again to a new record, only took 126 trading days this year, the fastest-ever climb. To put things into perspective, if we go back to 1928, it took the index 1,500 trading sessions to return to record levels after slipping into bear territory.

This year’s stock market rebound has been even more startling, since the year has been plagued by a pandemic that left millions of Americans unemployed, while corporate profits have seen the steepest collapse in a decade. So, what drove the historic rally? Primarily, stimulus from the Fed and the Congress helped the stock market scale north.

The Fed has kept interest rates at near-zero levels and has promised to keep it at that level even if inflation picks up. Fed’s initiative to lend billions across markets also buoyed investors. Moreover, as Fed bought corporate and Treasury bonds, yields tanked, making stocks more alluring.

At the same time, the U.S. government provided more than 150 million in stimulus checks to Americans and nearly half a trillion dollars in loans to small business houses. The encouraging response along with the lessons learned in the financial crisis of 2008 helped the stock market’s rebound.

And let’s admit, many investors still had faith that the U.S. economy will get its mojo back once the pandemic is under control. In fact, factory activity had accelerated in August, and hiring improved for the fourth straight month. Consumer outlays also picked up in August after a substantial drop. To top it, many analysts opine that the skid in corporate profits has likely bottomed, too. Leuthold Group, a research firm, added that many economists now expect annual GDP to improve next year at a rate not seen in the past 70 years.

Talking about individual performers, the tech behemoths in particular have

Read more

Frozen food company Deep Indian Kitchen opening 1st N.J. restaurant

New Jersey-based frozen food company Deep Indian Kitchen will open its first restaurant in the Garden State, a company spokeswoman told NJ Advance Media.

It will be located at 1080 Springfield Rd. in Union, near company headquarters. An official opening date has not yet been announced.

Deep Indian Kitchen has five other locations, all of which are in New York but temporarily closed, the spokeswoman said.

The menu for the New Jersey restaurant has not yet been finalized. At Deep Indian Kitchen’s other locations, there are traditional dishes like Tikka Masala, Lamb Kofta, Biryani, Samosas and Kati Rolls.

The company’s frozen meals, breads and appetizers can be found in major supermarkets, including ShopRite, Wegmans and Whole Foods, according to its website.

RELATED STORIES ABOUT RETAIL AND SHOPPING:

Walmart reveals top toys for 2020 holiday season: See the full list

The best leggings sales for hitting the gym again: Athleta, Fabletics, Lululemon

Halloween candy is on sale even earlier than usual. Here are the best deals.

Please subscribe now and support the local journalism YOU rely on and trust.

Nicolette Accardi can be reached at [email protected] Follow her on Twitter: @N_Accardi. Find NJ.com on Facebook. Have a tip? Tell us. nj.com/tips

———

©2020 NJ Advance Media Group, Edison, N.J.

Visit NJ Advance Media Group, Edison, N.J. at www.nj.com

Distributed by Tribune Content Agency, LLC.

Continue Reading

Source Article

Read more

This company by husband-wife duo is redefining luxury interior design for clients; eyes Rs 100 Cr turnover thi

The economic reforms of 1991 opened the Indian economy to the global business for the first time. The year was also tumultuous as it saw the collapse of the Soviet Union, an event that caused great economic stress to the Russian business ecosystem.

Around the same time, in 1993, Hardesh Chawla was in Russia running a financial services business in Moscow. As the economic unrest grew due to the Asian financial crisis in 1997-98, people started selling their assets in Russia. Hardesh saw that some real estate structures, though in dilapidated conditions, were being sold for lesser price. He started buying those buildings and renting them out. 

Hardesh’s wife Monica Chawla had a bent towards interior design and would add her inputs before renting out the house. When they started receiving positive feedback from their tenants about the design, they decided to translate this into a business opportunity.

Hardesh and Monica started Essentia Environments, a luxury interior design firm, in the year 1999. The company is an end-to-end solutions provider for building luxury properties offering services such as architecture, interior designing, manufacturing furniture, setting up the decor, etc. The husband-wife duo returned to India in 2003 and set up their office in Gurugram.

The company claims to have completed over 1000 projects in India, Russia, and the UAE in the past two decades, and counts DLF, Dasnac, Magnum, Porsche, and others as its clients. The company is looking to cross a turnover of Rs 100 crore this year.

Essentia Environments

Essentia Environments Team



The journey

Hardesh says there was no tipping point in their journey. One thing kept leading to another and before they knew, the design firm was ready. He says that his wife’s strength was in design whereas he found his strength in identifying the business opportunity and then capitalising on it.

As the years before founding the company were so turbulent in Russia, everything became easier for them to handle after returning to India. 

“Nothing surprises us anymore,” he says.

Talking about the difference between the Russian and the Indian business ecosystem, Hardesh points that India has evolved enormously over the years and the ease of doing business is greater. “Russia, unfortunately, hasn’t seen that kind of evolution,” he adds.

Additionally, a survey done by PwC Russia revealed that more than 50 percent of Russia’s corporate community believes that doing business in the country is more complicated today than it was during the 1990s.

Essentia Environments

Property designed by Essentia Environments



The business

When it comes to designing houses, the Essentia team does a thorough research, taking inputs from all family members. When they have everyone’s expectations, choices, and tastes in place, the team starts working together to create designs, architecture, fabrics, and furniture. 

A lot of items like precious stones, leather, and some fabrics are imported, but the furniture is manufactured in India in their Manesar unit. The company also creates picture quality 3D renders before the actual work starts so that any discrepancy in the design can be

Read more

Houston-based company offers and installs raised kitchen garden beds

Have you picked up any new hobbies during the pandemic? Well, turns out gardening is one that’s really growing in popularity.

Houston-based company offers and installs raised kitchen garden beds

UP NEXT

UP NEXT

A sprouting trend gardening expert, Jill Oliver says she has seen blossom over the last few months, after people started looking for a safe outlet.

Loading...

Load Error

“I have seen a huge spike in gardening. As you can imagine when all the businesses shut down, we had nowhere else to go except for outside, so it became a great opportunity to learn how to garden,” Jill Oliver, with Rooted Garden, said.

Oliver is a lead consultant for Rooted Garden, a Houston-based company that designs and installs raised kitchen garden beds all over the city.

It is a perfect gardening solution for those who don’t have a lot of space around their home.

From relieving stress, to harvesting your own fresh fruits and veggies, Oliver said gardening has several health benefits, especially for those worried about the coronavirus.

“It is a perfect way to social distance. First, you’re outside, you’re among these beautiful plants, you’re six feet apart, enjoying all this beauty,” she said.

She described it as a hobby that people of all ages can take up, and at the end, enjoy the fruits of their labor.

“It’s a fun hobby for the whole family, for the very young, to the elderly,” she said.

Oliver said kitchen gardens usually take one to two days to install and cost around $125 per square foot.

Oliver said the backyard transformations are truly amazing. She also adds Houston is the perfect city to test your green thumb in, because its climate allows you to garden all year round.

Oliver’s advice to beginners hoping to start a garden on a much smaller scale?

“I would say just go for it, get a pot with some soil, put some seeds in there, give it a try,” she explained. “You’ll be amazed. Nature is amazing to watch things grow; it is truly miraculous.”

For more information about Rooted Gardens and its online blog, Gardenary that offers free resources on how to succeed in gardening, click here.



a close up of a logo


© Provided by KHOU-TV Houston


Hi! I’m Jessica and I’ve been growing vegetables for over half a decade now. Growing up my parents always had a garden in the backyard, and when we moved to our most recent house I was able to take over! Now I have about 100 square feet of growing space along with blueberries, banana plants, and fruit trees.

Continue Reading

Source Article

Read more

Key Reasons to Hire a Professional Interior Design Company

Bearing in mind how office interior design enhances aesthetics of a space and boosts employee productivity, the need for a professional interior design company cannot be undermined. Whether you have to design a new office space or refurbish the old one, the entire process involves a significant investment of time and money. Hence, to ensure you get good value for your investment, it is wise to assign this important task to the experts in the field.

Considering renovating an office without any professional help maximizes the chances of committing costly pitfalls and mistakes. As interior designing highly depends on the art of visualization, there are chances that the office space doesn’t turn out to be the way you have visualized it. Under that condition, it would either mean compromising on the look and feel of the office or spending extra money in redesigning the particular space. On the contrary, a professional interior designer backed by industry know-how, experience and expertise will make more informed decisions, thus avoiding costly mistakes.

Seeking professional help in designing an office space would also help in avoiding poor purchasing decisions. For example, you purchase office furniture only to realize later that it doesn’t fit in the given space or it has a short life. They will also prepare accurate construction documentation sets which would eliminate the possibility of improper specifications. It will also help you to narrow down quality selection from the vast available options, in terms of office accessories, furniture, and lighting fixtures, amongst others.

Another benefit is that you get tailored solutions, specifically designed considering your needs and budget. The design expert will ensure that the office is not only aesthetically pleasing but functional too. The design of the office will resonate with the company’s goals and beliefs. With his immense knowledge in the interior designing field, he can give you a myriad of options which you wouldn’t have considered otherwise. Also, the interior designer has its own collection of catalogues that open up many alternate options, including colour schemes, floorings options, wall textures, and corporate branding assets.

More importantly, an interior designer also has knowledge about architectural, MEP and structural elements of a space. This knowledge gives him an added advantage to design an office space that is in compliance with the building codes and regulations. He also knows how to smoothly coordinate with architects and contractors and prioritize the work.

Designing an office is a tedious task. Hiring professionals spares you from all the hassle, headache and research involved in the entire process. You will just need to sit back, relax and take the final decisions whilst your idea would be turned into reality. As a result, a company with specialized design services would combine its experience, creativity and expertise to provide you with the most cost-effective solution that enhances the looks and functionality of the space.…

Read more

House Painters: What To Look For In A Company

Painting is a tedious task that some people simply do not want to take on. Other people are physically unable to paint their home themselves. It can mean hours of bending over to perfectly paint trim, which can be horrible if a person already has a back condition. It can also mean a less than perfect paint job if a person does not have earlier experience.

Because of this, professionals are usually hired to paint the interior and exterior of a home. This job seems easy enough, but there are plenty of customers that wind up unhappy with the results. To make sure that you wind up a satisfied customer, check out these things before hiring a house painter.

Paint used

House painters usually supply their own paint. Most of these companies are able to get paint at a lower cost because they buy it in bulk, so it's not a problem for them to supply their own paint.

On the other hand, customers need to ask what brand of paint is used, what type of paint is used, etc. If a company uses poor quality paint on a high traffic area, such as a hallway, or on the exterior of the home, it could mean that the homeowner will have to spend extra money on another paint job sooner than they normally would.

Experience

A house painter should have previous experience in the area. When a house painter has previous experience, they will know that they need to wash interior walls, pressure wash the exterior of the home, and that they need to spread the paint evenly.

They will also know how to do all those things. Overall, homeowners will get a paint job that looks glorious, and lasts for years.

Reputation

There are some shoddy house painters out there. For example, the one man crew that needs half of the money up front for materials that never comes back to complete the job. Or how about the company that insists on all the money up front?

When hiring a professional company, take the time to look up their reputation online. If there are multiple complaints with the BBB or customers complaining that the work was never completed, make sure to hire another business for the job.

References

Any company can say that they have years of experience. They can say that they have painted buildings larger than the one they are giving an estimate for, or that the house painters on their crew are the best. The thing is, people can say anything that they want to.

Instead of believing them, it may be a good idea to ask for references. Businesses may be able to give out the numbers and names of customers that they have previously worked for, or they may have before and after pictures of earlier jobs that they have completed. Either way, look for some verification that the business in question has the experience that they say that they do.

When hiring a …

Read more