Worthington Steel Investor Presentation | June 2025 Safe Harbor Statement Selected statements contained in this release constitute "forward-looking statements," as that term is used in the Private Securities Litigation Reform Act of 1995 (the "Act"). The Company wishes to take advantage of the safe harbor provisions included in the Act. Forward-looking statements reflect the Company's current expectations, estimates or projections concerning future results or events. These statements are often identified by ...

Core Insights - Itron has signed a contract with Hellenic Electricity Distribution Network Operator S.A. (HEDNO) to enhance grid edge intelligence in Greece, aiming for improved customer experience and modernization of the electric grid to support net-zero emissions by 2050 [1][5] Group 1: Project Overview - HEDNO will implement Itron's Enterprise Edition Meter Data Management (MDM) system to manage 7.7 million meters and nearly 1 million new intelligent narrowband-IoT cellular smart meters [2][3] - The deployment will enhance operational efficiency, customer service, and provide better visibility into energy consumption, leading to faster issue resolution and flexible billing options [2][3] Group 2: Technological Integration - Itron's MDM system will allow HEDNO to access comprehensive meter datasets for accurate loss detection, improved revenue collection, and predictive maintenance capabilities [3][4] - The solution is pre-integrated with Itron's Intelligent Edge Operating System (IEOS), facilitating advanced grid capabilities such as energy forecasting and distributed energy resource management [4] Group 3: Strategic Importance - The project is deemed crucial for the modernization of the Greek electricity market, with Itron's MDM system serving as the central hub for data collection and analysis [5] - Itron's global experience managing over 50 million endpoints positions the company to effectively support HEDNO's evolving operational needs [6]

Key Takeaways EXC aims to invest more than $38B in regulated utility upgrades from 2025 to 2028 to enhance grid reliability. Cost-saving initiatives help EXC keep expenses below inflation, benefiting more than 10M utility customers. EXC shares gained 14% in six months, outperforming the industry's 7.6% rise.Exelon Corporation (EXC) , with its investments in regulated utility operations for grid modernization, electric transmission and effective cost-saving efforts to better serve its customers, is expecte ...

Core Viewpoint - Nokia is significantly expanding its IP routing portfolio to support utilities transitioning to smart grid technologies, enhancing its 7705 Service Aggregation Router and 7250 Interconnect Router platforms to meet the growing demand for secure and high-performance networking infrastructure [1][3]. Group 1: Industry Context - Utilities globally are implementing smart grid technologies to address challenges such as climate disruptions and cyber threats, while also integrating distributed energy resources to achieve net-zero emissions targets [2]. - Smart grids enhance operational efficiency and real-time monitoring, ensuring compliance with evolving regulations and preparing the grid for future demands [2]. Group 2: Nokia's Technological Advancements - Nokia's new routing solutions provide end-to-end, secure, and adaptable IP routing that scales from the enterprise edge to the data center core, facilitating the evolution of utilities' communications infrastructure for smart grid technologies [3]. - The 7705 SAR and 7250 IXR platforms offer advanced capabilities for application-aware communications, supporting legacy systems and ensuring precise frequency and time synchronization across the grid [3]. - The platforms are designed to counter cybersecurity threats, including those posed by quantum computing, through advanced quantum-safe MACsec encryption [3][4]. - With increasing bandwidth demands from substation CCTV cameras and sensors, the new platforms can scale to 100 GE and 400 GE to support critical applications and future high-capacity services [3]. Group 3: Customer Needs and Commitment - Energy customers require networks that provide not only bandwidth but also resilience against harsh conditions and preparedness for quantum-era threats, which Nokia aims to address with its latest platform enhancements [4].

The Zacks Utility -Electric Power industry offers a compelling case for stable, long-term income due to its regulated framework. These regulations enable utilities to recover costs and generate consistent returns, helping to minimize earnings volatility. With electricity demand remaining steady through various economic conditions and the sector offering attractive dividend yields, utilities represent a dependable, defensive choice for income-oriented investors.In the United States, electric utilities are mo ...

Industry Overview - The Zacks Utility - Electric Power industry is characterized by a regulated structure that supports stable, long-term income, allowing utilities to recover costs and earn consistent returns, which reduces earnings volatility [1] - The industry is evolving due to a shift toward clean energy, with significant investments in grid modernization, renewable integration, and electrification, reshaping the sector [2] Company Profiles NextEra Energy - NextEra Energy is a leading U.S. utility known for its investments in renewable energy, including wind, solar, and battery storage, driving the clean energy transition [3] - The company operates one of the largest portfolios of wind and solar projects globally and has strong financials and a history of innovation [3] - NextEra Energy's earnings per share (EPS) estimate for 2025 has increased by 0.27% over the past 60 days, with a long-term earnings growth projection of 7.72% [6] Duke Energy - Duke Energy is one of the largest U.S. utilities, aiming to cut carbon emissions by 50% by 2030 and achieve net-zero emissions by 2050, with plans to double renewable capacity by 2030 [4] - The company is investing in modern infrastructure and clean technologies, offering stable, regulated returns with long-term growth potential [4] - Duke Energy's EPS estimates for 2025 remained unchanged, while the 2026 estimates decreased by 0.15%, with a long-term earnings growth projection of 6.33% [8] Financial Metrics - NextEra Energy's current dividend yield is 3.33%, while Duke Energy's is 3.59%, both exceeding the industry average of 3.17% [11] - Return on Equity (ROE) for NextEra Energy is 12.06%, outperforming Duke Energy's ROE of 9.88% and the industry's ROE of 10.13% [12] - NextEra Energy's debt-to-capital ratio is 56.98%, compared to Duke Energy's 60.61%, with the industry's average at 54.57% [14] Valuation and Capital Expenditure - NextEra Energy is trading at a Price/Earnings Forward 12-month ratio of 17.93X, slightly cheaper than Duke Energy's 17.96X, while both are above the industry average of 15.37X [15] - NextEra Energy plans to invest nearly $72.6 billion from 2025 to 2029, while Duke Energy plans to invest $46.6 billion from 2025 to 2027, focusing on infrastructure and clean electricity generation [17] Conclusion - NextEra Energy has a marginal edge over Duke Energy due to its positive earnings estimate movement, better ROE, and cheaper valuation, despite both companies holding a Zacks Rank 3 (Hold) [18]

PLP has officially begun construction on a new multi-purpose facility in Wieprz, Żywiec County, Poland, which will replace the company's current operations in nearby Bielsko-Biała. The new facility will significantly increase manufacturing capabilities while integrating modern spaces for engineering, operations, and sales support. Once completed in 2026, the site will become a key European hub for several of PLP's core product lines and services. "At PLP Poland, we're not just building a new facility, we're ...

General Rate Case Proposes Smallest Percentage Increase in a Decade Residential Combined Bills Forecast to Be Lower in 2026, Flat in 2027 Compared to TodayOAKLAND, Calif., May 15, 2025 /PRNewswire/ -- Today, Pacific Gas and Electric Company (PG&E) proposed energy system improvements to drive California's economic growth and increase climate change resilience. The company submitted this proposal, its 2027-2030 General Rate Case (GRC), to California regulators.PG&E and the state's other investor-owned utiliti ...

Core Insights - Schneider Electric is launching the One Digital Grid Platform, an integrated and AI-powered solution aimed at modernizing grid operations and enhancing flexibility, resilience, and simplicity in energy management [1][3][10] - The platform is designed to help utilities address challenges such as outdated grid systems, increasing electricity demand, and the integration of distributed energy resources (DERs) [2][3] Platform Features - The One Digital Grid Platform provides an interoperable solution that integrates mission-critical software, enabling real-time insights, predictive analytics, and automation to improve efficiency and resiliency [3][9] - It aims to reduce outages by up to 40%, decrease DER interconnection timelines, and cut application deployment time by 60% [3] Event Highlights - Schneider Electric is hosting the Digital Grid Innovation Days in Milan, bringing together leaders and experts to discuss advancements in energy, sustainability, and digital transformation [5][6] - The event features interactive demos, expert panels, and networking opportunities to explore the latest in grid innovation [7][8] Strategic Partnerships - Schneider Electric is collaborating with organizations like EPRI to enhance grid modernization efforts and address challenges such as data center grid-capacity constraints [11][12] - These partnerships focus on creating flexible data center architecture and demand response programs to facilitate faster interconnection to the grid [12][13] Comprehensive Approach - The One Digital Grid Platform employs a hybrid cloud architecture to support three core use cases: grid planning and asset management, grid operations and resiliency, and grid flexibility and customer engagement [7][14] - It aims to optimize infrastructure investments, improve disaster response, and empower utilities to integrate DERs while enhancing customer experiences [14]

Financial Data and Key Metrics Changes - Consolidated gross profit for Q1 2025 was $22 million, a 7.9% increase over Q1 2024, marking the highest gross profit in the past twelve quarters [21] - Adjusted EBITDA for Q1 2025 was $7.8 million, compared to $6.2 million for Q1 2024, reflecting a growth of 14.4% [21] - Adjusted EPS for Q1 2025 was $0.63, up from $0.53 in Q1 2024, indicating an 18.9% increase [21] Business Line Data and Key Metrics Changes - In healthcare, gross profit for Q1 2025 was $12.2 million, compared to $11.1 million in Q1 2024, growing 10.2% [21] - Engineering gross profit for Q1 2025 was $6.2 million, up from $5.5 million in Q1 2024, a growth of 12.4% [22] - In IT, life sciences, and data solutions, gross profit for Q1 2025 was $3.6 million, down from $3.8 million in Q1 2024, a decline of 5.3% [25] Market Data and Key Metrics Changes - School revenue for Q1 2025 was $37.3 million, compared to $31.9 million in Q1 2024, reflecting a growth of 16.7% [22] - Non-school revenue for Q1 2025 was $6 million, slightly down from $6.3 million in Q1 2024, but would have been $5.5 million versus $5.1 million if excluding a large long-term care group [22] Company Strategy and Development Direction - The company is focused on cultivating the next generation of leadership and enhancing operational efficiency to ensure long-term success [4] - There is a strong emphasis on revenue expansion and new client acquisition, particularly in the healthcare and engineering sectors [6][9] - The company is capitalizing on technological advancements in AI and machine learning, with a significant expansion in manufacturing across its life sciences client base [7][8] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating macroeconomic uncertainties, focusing on secular themes that can drive growth [30] - The outlook for the business is strong, with expectations of continued low double-digit growth in adjusted EBITDA throughout fiscal 2025 [26] - Management anticipates Q4 2025 will produce the highest adjusted EBITDA quarter for the year [26] Other Important Information - The company has retired over 300,000 shares year-to-date, bringing the total repurchase over the last five years to nearly half of shares outstanding [20] - The balance sheet remains clean with significant financial flexibility and resilient organic growth [20] Q&A Session Summary Question: Is political policy uncertainty affecting the business? - Management indicated that they have not encountered significant issues related to the macroeconomic environment and are focused on leveraging secular themes for growth [30] Question: Regarding healthcare gross margins, is the lower margin due to legacy business? - Management clarified that the lower gross margin is more of a quarterly fluctuation rather than a trend, with expectations for improvement in Q2 [32][33]