Core Insights - Pool Corp. is a leading distributor in the swimming pool supplies and equipment industry, serving various customers including pool builders and retailers [1] - CFRA upgraded Pool Corp.'s stock to a "Buy" rating on December 22, 2025, with a stock price of $232.30, indicating a positive outlook for the company [2] - Azureon, a competitor, has adopted ServiceTitan as its core technology platform to improve operational efficiency, which may affect Pool Corp.'s competitive position [3] Financial Performance - Pool Corp.'s current stock price is $232.30, reflecting a slight increase of 0.12%, with trading fluctuations between $231.06 and $234 on the day [4] - Over the past year, the stock has experienced volatility, with a high of $374.74 and a low of $229.63 [4] - The company has a market capitalization of approximately $8.68 billion and a trading volume of 658,433 shares, indicating its significant presence in the market [5] Competitive Landscape - The upgrade by CFRA and Azureon's strategic technology adoption highlight the competitive dynamics within the pool industry, suggesting potential growth and innovation opportunities [5][6]

We however are going to start with some new moves by the committee because it's not every day where we have many many many moves to get to in the show today. We'll lead with that. We'll lead with Josh Brown with a new buy.It is service titan. It is TT. Hasn't quite traded a year. >> Hasn't quite traded a year.Almost. Why this. >> So I watched it come public on the floor of the New York Stock Exchange with you, Judge.I don't know if you remember, um, but we made a joke on air that my, uh, my my landscaper sh ...

Group 1 - The individual investor focuses on undercovered companies, particularly in technology, software, electronics, and energy transition sectors [1] - The investor has over 7 years of personal capital investment experience across a broad range of global companies [1] - The investor holds a Master's degree in Electrical Engineering and works as an automotive battery R&D engineer in Sweden [1] Group 2 - The investor maintains a watchlist of up to 100 companies, aiming to identify asymmetric investment opportunities for market-beating returns [1] - The write-ups on Seeking Alpha serve as a platform for laying out investment theses and receiving community feedback [1]

Core Insights - Samsara, Inc. reported strong third-quarter results, with earnings of 15 cents per share, surpassing the analyst estimate of 12 cents, and quarterly revenue of $415.98 million, exceeding the Street estimate of $398.47 million, and up from $321.98 million year-over-year [1][2] Financial Performance - The company ended Q3 with an Annual Recurring Revenue (ARR) of $1.75 billion, indicating durable and efficient growth [2] - Quarterly revenue increased by approximately 29% compared to the same period last year, from $321.98 million to $415.98 million [1] Analyst Ratings and Price Targets - BMO Capital maintained an Outperform rating and raised the price target from $47 to $50 [4] - B of A Securities maintained a Buy rating and increased the price target from $53 to $55 [4] - RBC Capital kept an Outperform rating and raised the price target from $46 to $50 [4] - JP Morgan maintained a Neutral rating and increased the price target from $46 to $48 [4] - Wells Fargo maintained an Overweight rating and raised the price target from $50 to $52 [4] - TD Cowen maintained a Buy rating and increased the price target from $49 to $55 [4] - Piper Sandler maintained an Overweight rating and raised the price target from $48 to $49 [4]

Financial Data and Key Metrics Changes - SaaS reported revenue was $115.9 million in Q3 2025, representing a 33% year-over-year increase [41] - SaaS adjusted gross margin increased by 80 basis points year-over-year, reaching 73% [41] - SaaS adjusted EBITDA increased to $19.6 million, resulting in an adjusted EBITDA margin of 17% [41] - Free cash flow for Q3 was $14.6 million, bringing year-to-date free cash flow to $18.8 million [44] - Net debt decreased by $9 million to $265 million, with a leverage ratio of 1.9 times [45] Business Line Data and Key Metrics Changes - SaaS business excluding Keap grew 14% year-over-year, with Keap contributing $16.8 million in Q3 [41] - Marketing Services revenue was $85.7 million, above guidance, with adjusted EBITDA of $21.2 million and a margin of 25% [43] - Marketing Services billings totaled $70.6 million, down 33% year-over-year due to a strategic shift towards SaaS [44] Market Data and Key Metrics Changes - Seasoned Net Revenue Retention (NRR) declined to 94%, primarily due to the transition of legacy clients to the new SaaS platform [42] - Clients with two or more SaaS products grew to 17,000, or 20% of the base, compared to 15,000, or 16%, a year ago [41] Company Strategy and Development Direction - The company is focused on increasing spend per customer by driving adoption of more products, especially among high-value clients [41] - A vertical initiative has been launched, starting with HVAC, showing promising results such as a 10% lift in jobs booked and a 25% increase in total revenue for pilot customers [46][48] - The company aims to exit Marketing Services by 2028, ensuring strong liquidity through 2030 [44] Management's Comments on Operating Environment and Future Outlook - Management acknowledged that execution was slightly below expectations but emphasized that external macroeconomic factors were not to blame [60] - The market remains stable, with customers in essential services less affected by economic fluctuations [71] - The company expects SaaS revenue for Q4 2025 to be in the range of $118 million to $121 million, with full-year guidance updated to $460 million to $463 million [45] Other Important Information - The company is integrating AI across its software offerings, enhancing productivity and customer engagement [34][85] - The new Chief Technology Officer is expected to accelerate product development and AI integration [85][88] Q&A Session Summary Question: SaaS business growth and guidance - Management noted that execution was slightly shy of expectations but emphasized that the market conditions were stable and not a factor in the results [60] Question: Partner performance and Keap ecosystem - Management acknowledged past neglect of partners and highlighted efforts to improve relationships and deliver on partner needs, expecting a re-acceleration in 2026 [64][65] Question: Customer purchasing decisions and market tone - Management indicated that customers are generally stable, with essential services less sensitive to economic changes [71] Question: Vertical sales emphasis and its impact - Management expects gradual improvements in NRR and ARPU as the vertical strategy targets larger, more stable businesses [77][81] Question: AI integration and operational efficiency - The new CTO is focused on enhancing AI capabilities and ensuring software interoperability, which is crucial for larger clients [85][88] Question: Visibility in answer-based engines - Management expressed confidence in the company's ability to optimize customer visibility in answer engines, leveraging historical strengths in online directories [101][102] Question: Balancing ARPU expansion with customer growth - Management indicated a focus on increasing ARPU in the short term while engaging existing customers, with plans for future customer growth [110][112]

Financial Data and Key Metrics Changes - In Q3 2025, consolidated revenue was $768 million, reflecting a 5.9% increase year-over-year, driven by growth in both underwriting and claims [18] - Net income rose to $226 million, a 2.5% increase compared to the previous year, with diluted GAAP earnings per share at $1.61, up 5% [19] - Organic constant currency (OCC) revenue growth was 5.5%, with adjusted EBITDA growth of 8.8% and an expanded EBITDA margin of 55.8% [7][26] Business Line Data and Key Metrics Changes - Subscription revenues, which account for 84% of total revenue, grew 8.7% on an OCC basis, compounding on the previous year's 9.1% growth [21] - Transactional revenues, making up 16% of total revenues, declined 8.8% on an OCC basis, primarily due to lower transactional volumes in property estimating solutions from historically low weather activity [23][24] Market Data and Key Metrics Changes - Weather events in Q3 2025 declined 18% year-over-year and were 31% below the five-year average, marking the lowest level of storm events in the U.S. since 2017 [24] - The company noted that 2025 is on track to be the first year since 2015 without a named U.S. hurricane making landfall so far [24] Company Strategy and Development Direction - The company is committed to investing in AI enhancements and integrations to deliver value to clients, with a focus on strategic engagement leading to increased pipeline opportunities [9][10] - The AccuLynx acquisition is still viewed as strategically and financially beneficial, despite delays in FTC approval [17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to deliver results in line with long-term targets, despite temporary factors impacting growth [20] - The company anticipates that the strategic engagement initiatives and product innovations, including AI, will enhance the value of their data and expand growth opportunities [16] Other Important Information - The company paid a cash dividend of $0.45 per share, a 15% increase from the prior year, and repurchased $100 million of common stock [30] - Adjusted net income increased 1% to $241 million, with diluted adjusted EPS rising 3% to $1.72 for the quarter [29] Q&A Session Summary Question: Update on AccuLynx deal and ServiceTitan partnership - Management confirmed ongoing collaboration with the FTC regarding the AccuLynx deal and clarified that ServiceTitan is not the main competitor of AccuLynx [36] Question: Competitive landscape regarding AI startups - Management acknowledged the presence of AI startups but emphasized the company's strong position due to proprietary data and industry expertise [39] Question: Future pricing opportunities amid decelerating net written premiums - Management highlighted the potential for upsell revenue through AI enhancements and integration of data sets into clients' strategies [44] Question: Impact of auto underwriting market dynamics - Management noted that the auto underwriting business is not directly linked to premium growth and emphasized the strategic benefits of their Lightspeed product [50] Question: Clarification on guidance reduction due to AccuLynx deal - Management did not break down the guidance changes but indicated that the overall impact was a combination of factors including weather and the AccuLynx deal [55] Question: Cash flow and free cash flow growth - Management reported strong free cash flow growth driven by improved collections and lower cash taxes, with expectations for continued growth [65] Question: Competitive pressure in the auto market - Management reiterated ongoing competitive pressures in the auto market but emphasized efforts to differentiate their products [69] Question: Industry premium growth expectations - Management indicated that the industry is expected to normalize to mid-single digits in 2025 after experiencing high single-digit growth in 2024 [73][76]

Financial Data and Key Metrics Changes - In Q3 2025, consolidated revenue was $768 million, reflecting a 5.9% increase year-over-year, with net income rising 2.5% to $226 million and diluted GAAP earnings per share increasing 5% to $1.61 [19][28] - Organic constant currency (OCC) revenue growth was 5.5%, with subscription revenue growth at 8.7% [6][21] - OCC adjusted EBITDA growth was 8.8%, with an adjusted EBITDA margin of 55.8%, up 60 basis points from the prior year [25][26] Business Line Data and Key Metrics Changes - Subscription revenues, comprising 84% of total revenue, grew 8.7% on an OCC basis, while transactional revenues, making up 16% of total revenues, declined 8.8% due to lower weather activity [21][23] - Underwriting revenues grew 5.8%, and claims revenues increased by 5% on an OCC basis [19][20] - The decline in transactional revenue was primarily attributed to lower claims assignments in property estimating solutions due to historically low weather activity [23][24] Market Data and Key Metrics Changes - Weather events in Q3 2025 were 18% lower than the previous year and 31% below the five-year average, marking the lowest level of storm events in the U.S. since 2017 [24] - The company noted that 2025 is on track to be the first year since 2015 without a named U.S. hurricane making landfall [24] Company Strategy and Development Direction - The company is focused on enhancing AI capabilities and integrating them into existing solutions, which is seen as a significant growth opportunity [10][11] - Strategic engagement with clients has increased, leading to more pipeline opportunities and a strong sales year anticipated for 2025 [9][17] - The company is committed to investing in integrations and new technologies to deliver value to clients [9][10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term growth targets despite temporary factors impacting Q3 results, such as low weather activity and a reduction in a government contract [20][28] - The company expects to maintain strong subscription growth and sees AI as a critical component for future value delivery [10][11][68] - Guidance for 2025 was adjusted to exclude any material financial benefit from the pending AccuLynx acquisition, with expected consolidated revenue between $3.05 billion and $3.08 billion [29][30] Other Important Information - The acquisition of AccuLynx is still under review by the FTC, with no expected material benefit in 2025 [18][34] - The company has increased its cash dividend by 15% to $0.45 per share and repurchased $100 million of common stock [29] Q&A Session Summary Question: Update on AccuLynx deal and ServiceTitan agreement - Management confirmed ongoing collaboration with the FTC regarding the AccuLynx deal and clarified that ServiceTitan is not the main competitor of AccuLynx [33][34] Question: Competitive landscape regarding AI startups - Management acknowledged the presence of AI startups but emphasized the company's strong position due to proprietary data and industry expertise [36][38] Question: Future pricing opportunities amid decelerating net written premiums - Management sees opportunities for pricing adjustments based on the value delivered through AI enhancements and integration of data sets [41][43] Question: Impact of auto underwriting market dynamics - Management indicated that the auto underwriting business is not directly linked to premium growth and that shopping activity remains stable [47][49] Question: Clarification on guidance reduction due to AccuLynx deal - Management did not break down the guidance changes but indicated that the overall guidance reflects the impact of temporary factors [51][52] Question: Cash flow and free cash flow growth - Management highlighted strong free cash flow growth driven by improved collections and lower cash taxes, with expectations for continued growth [57][59] Question: Competitive pressure in the auto market - Management reiterated ongoing competitive pressures in the auto market but emphasized efforts to differentiate products [60][61] Question: Industry premium growth expectations - Management noted high single-digit premium growth in 2024, normalizing to mid-single digits in 2025 [64][66]

Financial Data and Key Metrics Changes - Ford reported a record revenue of $50.5 billion and adjusted EBIT of $2.6 billion for Q3 2025, with a year-over-year revenue growth of over 9% [5][17] - Adjusted free cash flow was strong at $4.3 billion for Q3, totaling $5.7 billion year-to-date, with nearly $33 billion in cash and $54 billion in liquidity [18][22] - The company expects adjusted EBIT guidance for 2025 to be between $6 billion and $6.5 billion, reflecting a net tariff headwind of $1 billion [23][24] Business Line Data and Key Metrics Changes - Ford Pro delivered revenue of $17.4 billion and EBIT of $2 billion, with revenue and volume growth of 11% and 9% respectively [18][19] - Ford Model e experienced increased revenue and volume driven by new product introductions in Europe, but EBIT losses increased due to lower net pricing and higher spending on next-generation vehicles [19] - Ford Blue achieved EBIT of $1.5 billion, with revenue growth exceeding wholesale unit growth [20] Market Data and Key Metrics Changes - Ford's total U.S. market share grew to 12.8%, with significant contributions from key products like F-150, Bronco, and Expedition [15] - The industry conditions in the U.S. were strong, with a seasonally adjusted annual rate (SAR) of 17 million and positive pricing [14] - The company anticipates a U.S. industry SAR of about 16.8 million units for 2025 [23] Company Strategy and Development Direction - The Ford Plus plan aims to enhance market competitiveness by focusing on regional strategies, tailored services, and digital solutions [7] - The company is prioritizing hybrids and developing an affordable EV platform expected to launch in 2027 [8][24] - Ford is adapting to evolving market conditions, including the anticipated reduction in compliance costs due to changes in emissions regulations [24][94] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to recover from the Novelis fire impact, with plans to add up to 1,000 new jobs to increase F-series production [5][27] - The management highlighted the importance of innovation and cost efficiency in a capital-intensive environment, emphasizing the need for smart partnerships [8] - The company remains committed to maintaining its investment-grade rating and returning capital to shareholders [18] Other Important Information - Ford's industrial system has shown consistent cost improvements, with a net $1 billion improvement expected this year, excluding tariff impacts [11] - The company is actively working to mitigate the impact of tariffs and production disruptions on working capital [23] Q&A Session Summary Question: Clarification on Novelis recovery - Management confirmed that Novelis' Hot Mill is expected to be operational by late November, with plans to recover lost production in 2026 [27][29] Question: Warranty cost improvements - Management indicated that warranty costs were down year-over-year by $450 million, with expectations for further reductions in the coming year [40][41] Question: Industry pricing discipline - Management expressed confidence in maintaining industry pricing discipline, citing strong underlying segment drivers and a fresh product lineup [42][44] Question: Emissions rules impact - Management discussed the potential multibillion-dollar opportunity from new emissions rules, emphasizing the ability to optimize vehicle mix and reduce compliance costs [47][51] Question: 2026 guidance and cost expectations - Management provided insights on expected tailwinds and headwinds for 2026, including cost improvements and the impact of Novelis [103]

Core Insights - Artisan Partners' "Artisan Mid Cap Fund" reported strong performance in Q3 2025, with returns of 8.80% for Investor Class and Advisor Class funds, and 8.83% for Institutional Class, significantly outperforming the Russell Midcap Growth Index's 2.78% return [1] - The fund's outperformance was primarily driven by holdings in the health care sector [1] Company Highlights: Woodward, Inc. (NASDAQ:WWD) - Woodward, Inc. reported a one-month return of 7.52% and a 52-week gain of 54.16%, closing at $255.34 per share with a market capitalization of $15.312 billion as of October 14, 2025 [2] - Artisan Mid Cap Fund initiated new positions in Woodward, Teledyne Technologies, and ServiceTitan during Q3 2025, highlighting Woodward's significant revenue exposure to aerospace and defense, particularly in next-generation narrowbody aircraft engines [3] - Woodward's revenue for Q3 2025 was $915 million, reflecting an 8% increase due to strong demand across end markets [4]

Core Insights - FieldRoutes, a ServiceTitan company, continues its partnership with the National Pest Management Association (NPMA) as a Strategic Partner at the 2025 PestWorld conference, highlighting its commitment to innovation and growth in the pest control industry [1][3] Company Overview - FieldRoutes is a leading cloud-based and mobile SaaS provider for field service businesses, offering a platform that automates various aspects of field service operations, including office management, route optimization, payment processing, and customer acquisition [6] Conference Participation - FieldRoutes will showcase its latest platform updates at Booth 1213 during the PestWorld conference from October 21–24, allowing attendees to learn how top-performing pest control companies enhance operations and customer experiences through its technology [2][5] Industry Impact - According to the 2025 Pest Control Technology (PCT) Top 100 list, FieldRoutes customers grew at a median rate 1.5 times faster than non-FieldRoutes companies, with 40 of the Top 100 pest control companies using FieldRoutes or ServSuite platforms, indicating the company's significant impact on industry leaders [4] Educational Sessions - The conference will feature a breakout session led by ServiceTitan Co-Founder and President, Vahe Kuzoyan, focusing on AI and the future of field services, emphasizing how Titan Intelligence can enhance back-office productivity for field service companies [3]