Core Insights - C3.ai is experiencing significant growth as it diversifies beyond its traditional oil and gas sector, with Q4 fiscal 2025 revenues reaching $108.7 million, a 26% increase year over year, marking three consecutive years of accelerating growth [1][9] - Non-oil and gas revenue surged by 48% year over year, with C3.ai now serving 19 industries, including manufacturing and healthcare, and public sector sales more than doubled in fiscal 2025 [2][4] - The company's strategy focuses on scaling through partnerships with major cloud providers, with 73% of deals in Q4 being partner-driven, indicating the importance of indirect sales channels [3][9] Financial Performance - Despite a net loss of 16 cents per share, C3.ai maintains a strong cash balance of approximately $750 million and generated positive free cash flow in the quarter [4] - The company projects continued revenue growth into fiscal 2026, with guidance between $447.5 million and $484.5 million [4] Competitive Landscape - C3.ai faces competition from Palantir Technologies and Veritone, both of which are also expanding into enterprise AI markets [5][6] - Palantir reported a 27% year-over-year increase in commercial revenue, while Veritone is focusing on AI solutions for media and law enforcement, overlapping with C3.ai's offerings [5][6] Stock Performance and Valuation - C3.ai's stock has increased by 29.1% over the past three months, outperforming its industry and the S&P 500 index [7] - The stock is currently trading at a forward 12-month price-to-sales (P/S) ratio of 7.98, which is lower than Palantir's 80.41 and Veritone's 1.1 [11] Earnings Estimates - The Zacks Consensus Estimate for fiscal 2026 and 2027 loss per share has improved to 37 cents and 16 cents, respectively, from previous estimates [13] - Sales growth estimates for fiscal 2026 and 2027 are projected at 20.1% and 21.8%, respectively [13]

this morning on the back of earnings results. Our Pippa Stevens is with us and has more on the quarter. Morning Pippa. >> Good morning Carl.So Cleveland-cliffs did post a mixed quarter but the stock is in the green with the company saying it's starting to see positive impacts from the Trump administration's steel tariffs. Now for the second quarter, the company posted a larger than expected loss of $0.97% per share on revenue of 4.93% billion, which was in line with Wall Street analysts, although down sligh ...

Financial Data and Key Metrics Changes - Adjusted EBITDA in Q2 improved by $271 million from the prior quarter, driven by higher shipment volumes and operational efficiency [4] - Average selling price increased to $10.15 per ton, a $35 per ton increase from the prior quarter, primarily due to higher index pricing [20] - Unit costs decreased by $15 per ton, contrary to previous expectations of a slight increase [20] Business Line Data and Key Metrics Changes - Volumes reached 4.3 million tons, a 150,000 ton increase from the prior quarter, allowing for more efficient mill operations [20] - The stainless steel business saw a significant investment of $150 million in a bright annealing line, expected to improve quality and productivity [16] Market Data and Key Metrics Changes - The U.S. steel market remains strong, with Section 232 tariffs positively impacting both the steel and automotive sectors [5][6] - Imported steel and automotive imports hit multi-year lows, indicating a favorable environment for domestic producers [6] Company Strategy and Development Direction - The company is focused on cost-cutting and optimizing its footprint, with initiatives expected to show impact in the second half of the year [4] - Cleveland Cliffs is positioned to support the resurgence in American vehicle production, leveraging its integrated business model [14][18] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the macro trends aligning favorably for the company, anticipating a better second half of 2025 compared to the first half [28] - The company expects to continue reducing costs and improving EBITDA generation in the coming quarters [26] Other Important Information - The company ended the quarter with $2.7 billion in liquidity and no near-term maturities, with net debt on a downward trajectory [23] - Plans for potential non-core asset sales are underway, which could unlock significant value for shareholders [24][93] Q&A Session Summary Question: How should we think about the cadence of cost reductions from here? - Management expects costs to decrease by another $20 per ton from Q2 to Q3, with further reductions anticipated in Q4 [32] Question: Can you provide insights on CapEx expectations for 2027? - There is no reline scheduled for 2026, and the Middletown project is being revamped to enhance operations without hydrogen [34][36] Question: How should we think about free cash flow generation in the second half? - Free cash flow is expected to improve significantly, with a focus on using cash to pay down debt [41] Question: What are the expectations for average selling price and volume in Q3? - Shipments are expected to remain flat at 4.3 million tons, with continued EBITDA improvement anticipated [52][56] Question: What is the outlook for the Canadian market? - Management believes there is potential for growth in Canada, contingent on local policies and market conditions [60][62] Question: Can you discuss automotive volumes in Q2? - Automotive volumes are growing as OEMs shift production back to the U.S. and reduce reliance on imports [69][70]

Group 1 - The article discusses the investment strategy focused on undervalued and disliked companies with strong fundamentals and cash flows, particularly in the Oil & Gas and consumer goods sectors [1] - Energy Transfer is highlighted as a company that was previously overlooked but now shows potential for long-term value [1] - The author expresses a preference for long-term value investing while also engaging in deal arbitrage opportunities, citing examples like Microsoft/Activision Blizzard and Spirit Airlines/Jetblue [1] Group 2 - The author emphasizes a lack of understanding of high-tech businesses and certain consumer goods, particularly fashion, indicating a preference for more traditional investments [1] - There is a clear skepticism towards cryptocurrencies, with the author questioning their investment viability [1] - The article aims to foster a community of investors seeking superior returns and informed decision-making through platforms like Seeking Alpha [1]

Group 1 - VICI Properties is a REIT focused on gaming and hospitality properties, formed from the Caesars private equity deal and subsequent bankruptcy, and has one of the largest portfolios of leisure assets [1] - The analyst emphasizes a strategy of identifying undervalued and disliked companies or industries with strong fundamentals and good cash flows, particularly in sectors like Oil & Gas and consumer goods [1] - The analyst expresses a preference for long-term value investing while also engaging in deal arbitrage opportunities, citing examples such as Microsoft/Activision Blizzard and Spirit Airlines/Jetblue [1] Group 2 - The analyst does not hold any stock or derivative positions in the companies mentioned and has no plans to initiate any positions within the next 72 hours [2] - The article reflects the analyst's personal opinions and is not compensated for it, aside from Seeking Alpha [2] - Seeking Alpha clarifies that past performance does not guarantee future results and that the views expressed may not represent the platform as a whole [3]

Company Overview - Realty Income (O) is a Real Estate Investment Trust (REIT) that specializes in owning and managing commercial properties, recognized as the largest triple-net REIT in the U.S. with approximately 15,600 properties [1] Investment Focus - The company is known as "The Monthly Dividend Company," indicating a focus on providing consistent monthly dividends to its investors [1] Investment Strategy - The analysis emphasizes a detail-oriented approach to identifying undervalued and overlooked companies or industries with strong fundamentals and good cash flows, particularly in sectors like Oil & Gas and consumer goods [1] - The investment strategy includes a long-term value investing perspective while also considering potential deal arbitrage opportunities [1]

Group 1 - Altria Group (NYSE: MO) is a major tobacco company that focuses solely on the American market, owning brands like Marlboro which dominates this market [1] - The company spun off Philip Morris International to concentrate on its domestic operations [1] - The analyst expresses a focus on undervalued and disliked companies with strong fundamentals and good cash flows, particularly in sectors like Oil & Gas and consumer goods [1] Group 2 - The analyst has a long-term value investing approach but also engages in deal arbitrage opportunities [1] - There is a noted skepticism towards high-tech businesses and certain consumer goods, with a preference for more traditional products [1] - The analyst does not understand the appeal of investing in cryptocurrencies [1]

Group 1 - Hims & Hers Health, Inc. has experienced a significant rally over the past three years, capturing attention in the Fintwit community [1] - The company operates in the telehealth sector, providing affordable healthcare solutions to consumers [1] - The author expresses a focus on undervalued companies with strong fundamentals, particularly in sectors like Oil & Gas and consumer goods [1] Group 2 - The author emphasizes a long-term value investing approach while also exploring deal arbitrage opportunities [1] - There is a noted aversion to investing in high-tech businesses and certain consumer goods, with a preference for more traditional products [1] - The article aims to foster a community of investors seeking superior returns and informed decision-making through shared insights [1]

Core Points - President Donald Trump holds significant veto power over U.S. Steel's decisions through a "golden share" arrangement, which will transition to the Treasury and Commerce Departments after his presidency [2][5] - The merger between U.S. Steel and Japan's Nippon Steel was approved by Trump under a national security agreement, despite his initial opposition [3][4] - U.S. Steel is now a wholly owned subsidiary of Nippon Steel North America, with its shares ceasing to trade on the New York Stock Exchange following the deal [6] Company Decisions Affected by Veto Power - Changing U.S. Steel's name and relocating its headquarters outside the U.S. [7] - Closing, idling, or selling production locations through 2035, including Granite City Works by 2027 [7] - Cutting employee base salaries through 2030 [7] - Reducing, waiving, or delaying a $10.8 billion capital investment timeline [7] - Acquiring any competing business in the U.S. [7]

Group 1 - Pfizer is a major global pharmaceutical company with a history dating back to 1849, known for developing advanced medicines, vaccines, and consumer healthcare products, operating in over 125 countries [1] - The focus is on analyzing undervalued and disliked companies or industries with strong fundamentals and good cash flows, particularly in sectors like Oil & Gas and consumer goods [1] - Energy Transfer is highlighted as a company that was previously overlooked but has shown potential for substantial returns, emphasizing a long-term value investing approach [1] Group 2 - The article expresses a preference for understanding traditional businesses over high-tech or certain consumer goods, indicating a lack of interest in cryptocurrencies [1] - The aim is to connect with like-minded investors through Seeking Alpha, sharing insights and building a collaborative community focused on superior returns and informed decision-making [1]