Medline (NasdaqGS:MDLN) Q4 2025 Earnings call February 25, 2026 09:30 AM ET Company ParticipantsAndrew Obin - Managing DirectorDavid Larsen - Managing DirectorDavid Roman - Managing DirectorElizabeth Anderson - Senior Managing DirectorEric Coldwell - Managing DirectorGlen Santangelo - Managing DirectorJim Boyle - CEOKaren King - Global Head of Investor RelationsLisa Gill - Managing DirectorMichael Cherny - Senior Managing DirectorMike Drazin - CFOPatrick Donnelly - Managing DirectorPatrick Wood - Managing D ...

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The supply chain for semiconductors is complex and fraught with geopolitical tension. And at the centre of it is Arm. On “Money Talks” we talk to the chip designer’s boss Rene Haas https://t.co/hlSYxyc2Eh ...

Core Viewpoint - FedEx projects significant revenue growth over the next three fiscal years, driven by digital innovation and new business lines in Europe, with adjusted earnings for Q3 expected to exceed Wall Street estimates due to a strong holiday season [1][2]. Revenue Projections - For fiscal 2026, FedEx anticipates approximately $93.5 billion in revenue, which includes its freight business that is set to be spun off into a separate publicly traded company in June [2]. - The company targets around $98 billion in consolidated revenue for fiscal 2029, excluding the freight business, representing a 4% compound annual growth rate [3]. Financial Performance - FedEx expects operating income of $8 billion and an operating margin of 8% by 2029, which is an increase of roughly 2 percentage points from projected fiscal year 2026 levels [4]. - The company is projected to generate $6 billion in free cash flow by 2029 [3]. Strategic Initiatives - FedEx is investing in digital intelligence and automation, which is expected to differentiate it from competitors and contribute to revenue growth [4]. - The company aims for an 8% operating margin internationally, with a focus on improvements in Europe, including the acquisition of European company InPost for €15.60 per share (approximately $18.51 per share) [5].

Try to imagine a world without containers. Surprisingly, they are only about 70 years old. In 1950, Malcolm Mlean watched workers loading cargo piece by piece.His idea was almost absurdly simple. Put track trailers directly onto ships. That single shift cut cost by 97% and reshaped the global economy.Today, 90% of the world's goods travel by containers, powering 14 trillion global trade network that makes modern life possible. Mlean laid the economic foundation for globalization itself. The today is expandi ...

Joining me now the CEO and president of FedEx Raj Raj Subramanium uh on the cusp of investor day. You're just issuing forecasts for your coming three years. Uh showing some strong growth here, ambitious goals over these next couple of years.What gives you the confidence to issue the forecast. >> Well, Morgan, first of all, it's great to see you again and thank you for having me on the show. Uh at FedEx we have evolved our vision to make supply chain smarter for everyone and this is a right time to have that ...

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Financial Data and Key Metrics Changes - For the nine months ended December 31, 2025, consolidated revenue was $2.21 billion, a decrease from $2.25 billion in the prior year period [8] - Operating income was $183.4 million compared to $190 million for the same period last year [8] - Net income was $75.9 million versus $85.7 million for the same period last year [8] - For the third quarter of fiscal year 2026, consolidated revenue was $861.3 million, down from $937.2 million in the same quarter of last year [9] - Operating income was $82 million compared to $104.1 million for the third quarter of the last fiscal year [9] - Net income was $33.2 million versus $59.6 million for the third quarter of last fiscal year [9] Business Segment Data and Key Metrics Changes - In the tobacco operations segment, revenue was $1.94 billion compared to $2 billion in the prior year period, with segment operating income at $185 million versus $194.4 million last year [8] - In the ingredients operations segment, revenue was $265.2 million compared to $249 million in the prior year period, but segment operating income fell to $1.4 million from $7.9 million last year [8] - For the third quarter, tobacco operations segment revenue was $779.9 million compared to $853.9 million in the same quarter of last year, with segment operating income at $84 million versus $102.6 million last year [9] - Ingredients operations segment revenue was $81.3 million compared to $83.3 million in the third quarter last year, with a segment operating loss of $0.1 million compared to an operating income of $3.7 million last year [9] Market Data and Key Metrics Changes - The company noted that customer demand for tobacco remained firm following years of undersupply, but the market is transitioning into an oversupply environment [4] - The ingredients segment faced market headwinds due to broader softness in the consumer packaged goods sector, which affected sales and margins [5][6] - Tariff impacts were more pronounced during this quarter, affecting both direct and indirect costs [19] Company Strategy and Development Direction - The company is focused on diversifying into food and beverage ingredients, having made three acquisitions in 2020 and 2021 to build a broad product portfolio [11] - Investments have been made in commercial sales, R&D, and production capabilities to support the growth of Universal Ingredients [12] - The company aims to leverage its new resources to grow Universal Ingredients and convert customer interest into sales [12][13] - Sustainability priorities are being advanced, with a commitment to achieve net-zero greenhouse gas emissions across the value chain by 2050 [14][15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating the transition to an oversupply environment in the tobacco market, emphasizing the company's resilience [11] - The company is focused on increasing sales to absorb fixed costs from growth investments in the ingredients business [13] - Management acknowledged the challenges posed by inflationary pressures and tariffs but remains optimistic about future sales and margin recovery [19][39] Other Important Information - The company refinanced and upsized its corporate credit facility, significantly expanding liquidity and improving financial flexibility [7][10] - As of December 31, 2025, net debt was $995 million compared to $945 million at the same point last year [10] Q&A Session Summary Question: Impact of tariffs and market weakness on ingredients business - Management noted that market headwinds, product mix, and higher fixed costs have impacted the ingredients segment, with inflationary pressures affecting customer demand and pricing [18][22] Question: Performance of the tobacco segment - Management indicated that despite a solid quarter, comparisons to last year's extraordinary results are challenging, but current year-to-date numbers are strong [24][25] Question: Customer inventory levels - Management stated that customer inventory levels vary, with some customers restoring durations while others maintain tighter levels [34] Question: Inventory write-downs in the ingredients segment - Management confirmed that there were some write-downs, primarily in the dark air-cured space, but more significant write-downs occurred in the tobacco segment [40][41] Question: CFO announcement clarification - Management clarified that the previous CFO offer was withdrawn, and a new CFO has been appointed [42][43] Question: Tax rate guidance - Management indicated that the tax rate is expected to be between 28% and 32%, slightly higher due to recent changes in certain countries [49]

Gallium has been used in military systems and laptop chargers. Now the U.S. is investing millions to create its own pipeline of the quirky silver metal and cut reliance on China. https://t.co/SCT3eHxdrq ...