Port of Hueneme uses Navy wharf to ease cargo congestion
The Port of Hueneme and Naval Base Ventura County have activated a joint-use agreement that allows the port to use part of the adjacent naval base to increase its capacity and help relieve the nation’s stressed supply chains. The joint-use agreement, which dates to 2002, allows for commercial use of Wharf 3 at Naval Base Read More →
In Ventura County, the rent is high and getting higher
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Olaplex reports rising income and revenue in first post-IPO earnings report
The Montecito-based hair care products company Olaplex released what it called a “strong” third-quarter earnings report on Nov. 10, its first quarterly report since the company’s initial public offering in September. Olaplex was founded in Santa Barbara using technology developed by UC Santa Barbara chemists and went public on Sept. 30, the same day its Read More →
Trade Desk shares jump 30% on Q3 earnings report
Shares of The Trade Desk jumped nearly 30% on Nov. 8, following the company’s announcement of its third quarter earnings, which beat analysts’ expectations and highlighted continued growth for one of the leading companies in the advertising technology space. The Trade Desk, a Ventura-based ad tech company, delivered net income in the third quarter of Read More →
Women’s share of region’s corporate board seats has doubled since 2018
Publicly traded companies in the tri-county region have added 18 women board directors this year, though a few companies still need to appoint more women to comply with stepped-up state diversity requirements that go into effect in 2022. A total of 69 women sit on the boards of the 22 companies headquartered in the Tri-Counties Read More →
Teledyne shares hit record after strong earnings report
The acquisition of Flir Systems continues to pay off for Teledyne Technologies, as the Thousand Oaks-based industrial and scientific conglomerate crushed analysts’ expectations in the third quarter and upped its guidance for the full year. Teledyne delivered record sales for the quarter ended Sept. 30, generating $1.3 billion in revenue, a 75.8% increase from the Read More →
Region’s unemployment rate drops below 5%
The unemployment rate in the tri-county region dropped nearly a full percentage point between August and September, to reach its lowest level since before the COVID-19 pandemic began. The combined unemployment rate of Ventura, Santa Barbara and San Luis Obispo counties was just under 5% in September, down from 5.9% in August, according to a Read More →
