Core Strategy and Financial Goals - Atos Group has announced a four-year strategic and transformation plan named "Genesis" aimed at returning the company to sustainable growth and improved profitability, targeting revenues of €9-10 billion and an operating margin of around 10% by 2028 [2][5][22] - The company emphasizes cash generation and disciplined capital allocation as key drivers for deleveraging and achieving its financial targets [5][19] Organizational Restructuring - The plan includes a streamlined and refocused organizational structure, transforming Atos into a global AI-powered technology partner with a simplified brand and governance [5][7] - Atos will operate from six regional hubs, focusing on high-growth and high-impact activities while exiting non-core countries [7][8] Investment in Innovation and Technology - Atos Group plans to invest €500 million in research and development over the next four years, alongside €100 million in start-ups and new ecosystem players, focusing on emerging technologies [12] - The creation of a dedicated business line for Data and AI aims to enhance service offerings and improve delivery efficiency, with a goal of growing the workforce in this area from 2,000 to 10,000 employees by 2028 [11] Financial Performance and Projections - For 2025, Atos expects to generate revenues of approximately €8.5 billion, with a projected organic growth rate of 5-7% CAGR between 2025 and 2028 [21][22] - The company anticipates achieving a leverage ratio below 1.5x net debt/OMDAL and aims for a BB credit rating profile by 2027 [22] Commitment to Sustainability - Atos reaffirms its commitment to sustainability, targeting Net Zero by 2050 and focusing on diversity and digital inclusion initiatives [20] - The company has received top-tier ESG ratings, including EcoVadis Platinum, reflecting its leadership in environmental, social, and governance practices [20]

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1][2]. Company Overview: Atmos Energy (ATO) - Atmos Energy currently holds a Momentum Style Score of B and a Zacks Rank of 2 (Buy), indicating strong potential for performance [3][4]. - The stock has shown a price increase of 2.12% over the past week, outperforming the Zacks Utility - Gas Distribution industry, which rose by 1.06% [6]. - Over the last quarter, Atmos Energy shares have risen by 9.11%, and over the past year, they have increased by 36.42%, while the S&P 500 has seen declines of -5.82% and gains of 9.94%, respectively [7]. Trading Volume - The average 20-day trading volume for Atmos Energy is 1,224,156 shares, which serves as a baseline for price-to-volume analysis [8]. Earnings Outlook - In the past two months, three earnings estimates for Atmos Energy have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $7.18 to $7.21 [10]. - For the next fiscal year, three estimates have also moved upwards without any downward revisions [10]. Conclusion - Given the positive price trends and earnings outlook, Atmos Energy is positioned as a solid momentum pick with a Momentum Score of B and a Zacks Rank of 2 (Buy) [12].

Core Insights - Eviden, in collaboration with veenion, has been awarded a contract to modernize the "Kaufhaus des Bundes - Next Generation" procurement platform for over 480 federal authorities in Germany, aiming to fully digitize electronic procurement processes [1][4][8] - The new platform will support approximately 22,000 registered users, enhancing the efficiency and security of procurement for federal institutions [1][6] Company Overview - Eviden is a leader in digital transformation, focusing on data-driven solutions, with an annual revenue of approximately €5 billion and a presence in over 47 countries [10] - Atos, the parent company of Eviden, is a global leader in digital transformation with around 74,000 employees and an annual revenue of about €10 billion, specializing in cybersecurity, cloud, and high-performance computing [11] Project Details - The "Kaufhaus des Bundes" will replace the existing procurement system, providing a modern portal that enhances user experience and streamlines procurement processes [1][2] - The implementation of the new solution will occur in three phases: establishing the basic system, expanding functionalities, and supporting the pilot phase until full deployment by the end of 2025 [7][8] Technological Advancements - The new procurement solution is based on the "open ordering" software from veenion, facilitating workflow-driven process optimization and a transparent procurement experience [3][4] - Key features of the new platform include high security through configurable approval processes, user-friendly interfaces, and sustainability labels for products [14]

Group 1 - The company focuses on timely dividend-paying stocks to assist investors in wealth accumulation [1] - The author has extensive experience as a Registered Investment Advisor and has published multiple investment-related books [1] - The company aims to provide a steady pace of financial growth for its clients through various investment strategies [1] Group 2 - The author has a background in corporate management, having worked at Georgia-Pacific Corp for 15 years before starting their own ventures [1] - The company has a history of involvement in small business advisory roles, including an appointment by President Ronald Reagan [1] - The investment newsletter emphasizes the importance of personal investment planning and stock market analysis [1]

Financial Data and Key Metrics Changes - For the fiscal year to date, the company reported a net income of $837 million, or $5.26 per diluted share, reflecting a 6.7% increase over the prior year period [4][10] - Operating income increased to $1.1 billion, representing a 14.6% increase for the first six months of the fiscal year [10] - The fiscal year 2025 earnings per share guidance was updated to a range of $7.2 to $7.3, up from the previous range of $7.05 to $7.25 [4][17] Business Line Data and Key Metrics Changes - Rate increases in both operating segments totaled $185 million, contributing to operating income growth [11] - Revenues in the Pipeline and Storage segment increased by $11.4 million, driven by a 10% increase in volumes transported [11] - The company added nearly 59,000 new customers year to date, with approximately 46,000 of those in Texas [5] Market Data and Key Metrics Changes - Texas added jobs at a faster rate than the national average, with nearly 192,000 jobs added over the last twelve months, representing a 1.4% annual growth rate [5] - Industrial demand for natural gas remained strong, with the addition of nine new industrial customers during the second quarter [6] Company Strategy and Development Direction - The company is focused on modernizing its natural gas distribution, transmission, and storage systems while providing reliable service to 3.4 million customers across eight states [4] - Ongoing projects include the installation of new pipelines to support growth in the DFW Metroplex, enhancing safety, reliability, and supply diversification [7][8] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's performance, citing robust growth driven by favorable employment trends in Texas [4] - The company anticipates that the remaining contribution to fiscal year 2025 earnings per share will be recognized somewhat evenly by quarter in the back half of the fiscal year [17][18] Other Important Information - The company has extended its credit facilities totaling $3.1 billion and had $5.3 billion in available liquidity at quarter end [17] - The company is actively monitoring legislative developments across its operating states, which could impact its business [47][48] Q&A Session Summary Question: Is the higher guidance for 2025 a fair base to think about growth going forward? - Management indicated that they will assess market conditions before finalizing fiscal year 2026 plans, acknowledging current market volatility [26] Question: How are you thinking about the higher O&M this year and any efforts to derisk 2026? - Management noted that some of the higher O&M for 2025 could be a pull forward from 2026, emphasizing proactive maintenance and compliance efforts [27][28] Question: Can you update us on the equity financing for the rest of the year? - Management confirmed that their financing strategy remains balanced, utilizing a combination of equity and long-term debt, with equity needs anticipated for fiscal years 2025 and 2026 [37] Question: Can you discuss any quantifiable backlog of projects? - Management clarified that while there is no backlog per se, they are focused on high-priority projects and scheduled work based on reliability and safety [40][42] Question: What key bills are being monitored that could benefit your business? - Management is monitoring various legislative sessions and bills but refrained from making predictions until final decisions are made [47][48] Question: Should the new EPS guidance midpoint be used as the new EPS base for calculating the five-year CAGR? - Management indicated that using the new EPS guidance midpoint as a base for calculations is a safe assumption [49][50] Question: What are the underlying growth assumptions for APT expansion projects? - Management explained that growth assumptions are based on city models and anticipated demand, with ongoing reviews to adjust plans as necessary [69][71]

Financial Data and Key Metrics Changes - For the fiscal year to date, the company reported a net income of $837 million, or $5.26 per diluted share, reflecting a 6.7% increase over the prior year period [2][9] - Operating income increased to $1.1 billion, representing a 14.6% increase for the first six months of the fiscal year [9] - The fiscal year 2025 earnings per share guidance was updated to a range of $7.2 to $7.3, up from a previous range of $7.05 to $7.25 [15][16] Business Line Data and Key Metrics Changes - Rate increases in both operating segments totaled $185 million, contributing to the operating income growth [10] - Revenues in the Pipeline and Storage segment increased by $11.4 million, reflecting a 10% increase in volumes transported across the system [10] - The company added nearly 59,000 new customers year to date, with approximately 46,000 of those in Texas [4] Market Data and Key Metrics Changes - Texas added jobs at a faster rate than the nation, with nearly 192,000 jobs added over the last twelve months, representing a 1.4% annual growth rate [4] - Industrial demand for natural gas remained strong, with nine new industrial customers added during the second quarter, expected to have an annual load of approximately 8 Bcf [5] Company Strategy and Development Direction - The company is focused on modernizing its natural gas distribution, transmission, and storage systems while safely providing reliable service to 3.4 million customers across eight states [3] - Ongoing projects include the installation of approximately 44 miles of pipe to support growth in the DFW Metroplex, expected to be completed by the end of the calendar year [6] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the fiscal year 2025 performance, attributing it to the strength of APT's three-system business and favorable market conditions [16] - The company anticipates O&M expenses to be in the range of $860 million to $880 million, with a significant portion of the year-over-year increase already recognized [17] Other Important Information - The company has extended its credit facilities totaling $3.1 billion and had $5.3 billion in available liquidity at quarter end [15] - The company is monitoring legislative developments across its operating states, with potential implications for its business [44] Q&A Session Summary Question: Is the higher guidance for 2025 a fair base to think about growth going forward? - Management indicated that they will assess market conditions before releasing fiscal year 2026 guidance, acknowledging current market volatility [22][23] Question: How are you thinking about the higher O&M this year and any efforts to derisk 2026? - Management noted that some of the higher O&M for 2025 may be a pull forward from 2026, emphasizing proactive maintenance and compliance efforts [24][25] Question: Can you update us on the equity financing for the rest of the year? - Management confirmed that their financing strategy remains balanced, utilizing a combination of equity and long-term debt, with equity needs anticipated for fiscal years 2025 and 2026 [34] Question: What are some of the key bills you are monitoring legislatively? - Management is monitoring various bills across their eight states but refrained from making predictions until the legislative process is complete [44][45] Question: What are the underlying growth assumptions for APT expansion projects? - Management explained that growth assumptions are based on population increases and anticipated capacity requirements, with ongoing reviews to adjust plans as necessary [65][66]

Atmos Energy (ATO) posted second-quarter fiscal 2025 earnings of $3.03 per share, which surpassed the Zacks Consensus Estimate of $2.92 by 3.8%. The bottom line also improved 6.3% from the year-ago quarter’s $2.85. (See the Zacks Earnings Calendar to stay ahead of market-making news.)ATO’s RevenuesTotal revenues of $1.95 billion beat the Zacks Consensus Estimate of $1.9 billion by 2.7%. The top line also increased 18.1% from the year-ago quarter’s reported number of $1.65 billion. ATO’s Segmental RevenuesDi ...

Financial Performance - The company increased its fiscal year 2025 indicated annual dividend by 8.1% to $3.48 per diluted share[3] - Year-to-date diluted EPS reached $5.26[6] - The company raised its fiscal year 2025 EPS guidance range from $7.05-$7.25 to $7.20-$7.30[6] - Q2 2025 net income was $486 million, compared to $432 million in Q2 2024[8] - Capital expenditures year-to-date totaled $1.7 billion, with 85% allocated to safety and reliability spending[6] Financing and Liquidity - The company issued $650 million in 30-year senior notes at a 5.00% interest rate[6] - The company settled $380 million of equity forwards[6] - Available liquidity stood at approximately $5.3 billion[6] - Equity capitalization was at 61% as of March 31, 2025[6] Regulatory and Rate Activity - Implemented $153.2 million in approved annualized operating income increases as of May 7, 2025[6] - $389.1 million in annualized operating income increases are currently in progress[6] - Mid-Tex Cities filed a Rate Review Mechanism (RRM) requesting an increase of $165.0 million in annual operating income[62] Outlook - The company anticipates total net income between $1.15 billion and $1.17 billion for fiscal year 2025[43] - Capital spending is projected to be approximately $3.7 billion for fiscal year 2025[43] - The effective tax rate is expected to be between 18% and 20% for fiscal year 2025[45]

Analyst's Disclosure: I/we have a beneficial long position in the shares of ATO either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Shares of Atmos Energy (NYSE: ATO ) have been an excellent performer over the past year, gaining 35%. I view ATO as one of the safest, highest- ...

Core Insights - Atmos Energy reported revenue of $1.95 billion for the quarter ended March 2025, marking an 18.4% increase year-over-year [1] - The company's EPS was $3.03, up from $2.85 in the same quarter last year, exceeding the consensus estimate of $2.92 by 3.77% [1] Financial Performance - The revenue of $1.95 billion surpassed the Zacks Consensus Estimate of $1.9 billion, resulting in a surprise of +2.72% [1] - Operating revenues from the Pipeline and Storage segment reached $259 million, exceeding the estimated $246.48 million, reflecting a +15.9% change year-over-year [4] - Operating revenues from the Distribution segment were $1.88 billion, compared to the estimated $1.65 billion, representing an +18.5% change year-over-year [4] - Operating income for the Pipeline and Storage segment was $145.22 million, slightly above the estimated $143.58 million [4] - Operating income for the Distribution segment was $483.72 million, compared to the average estimate of $469.03 million [4] Stock Performance - Atmos shares have returned +10.3% over the past month, closely trailing the Zacks S&P 500 composite's +10.6% change [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [3]