09:01 PM EDT, 04/30/2025 (MT Newswires) -- Alimentation Couche-Tard ( ANCTF ) confirmed overnight Wednesday that the company has signed a non-disclosure agreement with Seven & i Holdings Co., Ltd. to "progress transaction discussions, facilitate due diligence, and collaborate on plans to engage with regulators". It said there can be no assurance that these discussions will result in a transaction. Alex Miller, Couche-Tard President and CEO, added, "We appreciate the Special Committee of Seven & i engaging in substantive discussions regarding our proposal and providing access to diligence. We look forward to working collaboratively with Seven & i in the interests of all stakeholders."

Meanwhile, Westport Fuel Systems ( WPRT ) overnight Wednesday entered into lock-up agreements with certain of its shareholders, executives and board members representing an aggregate of approximately 2.0 million shares, or 11.4% of the currently issued and outstanding shares, to vote in favour of the special resolution approving the sale of Westport Fuel Systems Italia S.r.l. "These lock-up agreements are a significant vote of confidence in Westport's strategic direction and growth potential....as we execute our plans to reduce the complexity of Westport's business and move forward focusing on providing affordable solutions for hard to decarbonize segments of the heavy-duty truck and industrial application, supported by a strengthened balance sheet," said Dan Sceli, Chief Executive Officer.

Kelso Technologies Inc. ( KIQSF ) overnight Wednesday reported the company's first profitable quarter since Q1-2020, with net income of US$412,337 or $0.01 per share. Excluding discontinued operations, the company reported net income of $504,982. For Q1 2025, gross revenue increased by 19.06% YoY to $3.16 million compared to $2.70 million in Q1 2024.

Kelso said: "The first quarter of 2025 brought both challenges and opportunities for the company. Despite uncertainties surrounding international trade and tariffs affecting the demand for tank cars, the company remains optimistic and dedicated to achieving sustainable revenue growth. While there are still hurdles to overcome, the company's commitment to strategic planning and innovation positions it well to navigate these complexities and capitalize on emerging opportunities."

For FY2025, the company continues to believe that sales growth will be flat to slightly positive, ranging from 0% to 5%, compared to fiscal year 2024. "The primary objective in 2025 will be to uphold cost discipline as the company prepares for the expected increase in new tank car builds commencing in 2026-2027. This strategy is designed to position the company to capitalize on the anticipated demand and enhance profitability."

Kelso announced the retirement of Anthony "Tony" Andrukaitis as director effective June 3, 2025 and as Chief Operating Officer June 30, 2025. Executive Vice President of Operations Amanda Smith will succeed him as COO effective July 1, 2025. The EVP position will be eliminated as part of an ongoing cost reduction strategy.