CREATING CLARITY Raymond James 47th Annual Institutional Investors Conference Jay Mazelsky President and Chief Executive Officer IDEXX Laboratories, Inc. March 2, 2026 © 2026 IDEXX Laboratories, Inc. All rights reserved. Safe Harbor Disclaimer Please refer to additional footnotes in the Appendix. © 2026 IDEXX Laboratories, Inc. All rights reserved. 2 Innovation -driven Growth Forward-Looking Statements The following presentation contains forward-looking statements within the meaning of the Private Securitie ...

Stocks slid, while gold and crude oil soared, after the US and Israel launched widespread strikes on Iran. The US dollar spiked, while Treasuries sold off modestly. To get more articles and chart analysis from MoneyShow, subscribe to our Top Pros’ Top Picks newsletter here.) Over the weekend, President Trump ordered missile, fighter, and bomber strikes on a wide range of Iranian targets. Israel joined the attacks, which killed Iran’s Supreme Leader Ayatollah Ali Khamenei and several other military and po ...

Huang highlighted that skincare brands accounted for 61.1% of total net revenues in the fourth quarter and said the company recorded net income under both GAAP and non-GAAP measures for the period.CFO Donghao Yang said fourth-quarter 2025 total net revenues increased 20.1% year over year to RMB 1.38 billion, up from RMB 1.15 billion in the prior-year period. The increase was attributed primarily to a 51.9% rise in skincare brand revenue, partially offset by a 9.1% decline in color cosmetics brand revenue.Hu ...

The AI software and data analytics company has a deep relationship with U.S. defense and intelligence operations. ...

Summary of Phillips Edison & Company (NasdaqGS:PECO) 2026 Conference Call Company Overview - **Company**: Phillips Edison & Company (PECO) - **Industry**: Real Estate Investment Trust (REIT), focusing on grocery-anchored shopping centers - **Key Executives Present**: Jeff Edison (CEO), Bob Myers (President), John Caulfield (CFO) [1][2] Core Investment Thesis - **Strong Internal Growth**: PECO has a high-quality portfolio that generates significant internal growth [2] - **External Growth Opportunities**: The company is actively engaged in acquisitions and redevelopment, enhancing its growth potential [2] - **Focus on Necessity-Based Retail**: PECO targets neighborhood shopping centers that provide essential goods, which have shown stability across economic cycles [3] Portfolio and Performance Metrics - **Portfolio Size**: Approximately 330 shopping centers, with 65 being grocery-anchored [4] - **Occupancy Rates**: - Overall occupancy: 97.3% - Inline occupancy: 95.1% - Anchor occupancy: 98.7% [4] - **Leasing Spreads**: - Renewal spreads: Over 20% - New leasing spreads: Between 30%-35% [4][10] - **Cost Efficiency**: Retention costs are low, averaging $0.24 per square foot compared to $50-$60 for competitors [5] Market Dynamics - **Limited New Supply**: There has been minimal construction in the grocery-anchored shopping center space, contributing to high occupancy levels [8] - **Competitive Landscape**: The industry remains fragmented, with PECO leveraging its strong position to negotiate favorable lease terms [6][11] Acquisition Strategy - **Acquisition Targets**: PECO aims for $400 million-$500 million in acquisitions for the year, with $300 million achievable without additional equity [26][31] - **Disciplined Buying Approach**: The company targets grocery-anchored properties with a minimum unlevered IRR of 9% and Everyday Retail with 10% [31] - **Market Opportunities**: PECO has identified approximately 5,800 grocery-anchored centers and over 50,000 Everyday Retail opportunities that fit its criteria [30] Financial Guidance and Projections - **FFO Growth Target**: PECO aims for mid to high single-digit growth in FFO per share, with a dividend yield of 3%-4% [22] - **Bad Debt Management**: Anticipated bad debt is between 60-100 basis points, with historical performance showing resilience during economic downturns [64][70] Technological Integration - **AI Initiatives**: PECO is investing in AI to enhance operational efficiency, with 21 ongoing projects aimed at improving decision-making and cost management [75][76] Conclusion - **Investment Rationale**: PECO's focus on necessity-based retail, strong occupancy rates, disciplined acquisition strategy, and technological advancements position it well for sustainable growth in a competitive market [58][64]

Group 1 - The New York Stock Exchange (NYSE) provided a pre-market update highlighting various events, including the participation of Georgia Governor Brian Kemp and Atlanta Mayor Andre Dickens in a countdown to the FIFA World Cup 2026 [1] - Deloitte's CTO Bill Briggs is set to discuss the company's new Enterprise AI Navigator solution on NYSE Live, emphasizing its value generation for businesses [1] - Donaldson (NYSE: DCI) will celebrate the appointment of its new CEO Richard Lewis by ringing the Closing Bell, marking a significant moment in the company's 111-year history [1] Group 2 - Equities experienced a decline in pre-market trading following military actions by the U.S. and Israel against Iran over the weekend [1]

Core Insights - Grant Cardone's company, Cardone Capital, is planning to tokenize its portfolio, aiming to become a market leader in asset tokenization, with a history of distributing over $500 million in cash flow to investors [2][4] - Despite Bitcoin's significant price drop of nearly 47% from its peak of $126,000, Cardone Capital intends to acquire 4,000 BTC this year, indicating a long-term bullish outlook on cryptocurrency [4][5] - Cardone believes that hybrid funds combining Bitcoin and real estate will outperform traditional Real Estate Investment Trusts (REITs) by three times in the long run [5] Company Developments - Cardone Capital is expanding its investment strategy to include cryptocurrency beyond Bitcoin, indicating a diversification of its asset portfolio [2] - The company has launched hybrid funds that combine the stability of real estate with the volatility of digital assets, aiming to attract a broader range of investors [5] - Cardone Capital's strategy includes acquiring Bitcoin at a 50% discount from cash flow, showcasing a tactical approach to capitalizing on market conditions [5] Market Context - The cryptocurrency market is experiencing a downturn, with Bitcoin's price significantly lower than its all-time high, yet Cardone Capital remains committed to increasing its Bitcoin holdings [4] - The broader investment landscape is shifting towards diversification across multiple asset classes, including real estate, fixed income, and alternative investments, to manage risk and enhance returns [5] Investment Opportunities - Cardone Capital's tokenization plans may present new investment opportunities for retail investors, allowing them to access traditionally exclusive investment vehicles [2] - The hybrid funds proposed by Cardone Capital could attract investors looking for a blend of real estate stability and cryptocurrency growth potential [5]

Broadridge Financial Solutions (NYSE:BR) FY Conference March 02, 2026 08:05 AM ET Company ParticipantsPatrick O'Shaughnessy - MD and Equity ResearchTim Gokey - CEOPatrick O'ShaughnessyThank you everybody for joining us this morning. Welcome to the conference. If this is your first presentation, I'm Patrick O'Shaughnessy, the capital markets technology analyst here at Raymond James. Presenting this morning or for our fireside chat, we have Tim Gokey, CEO of Broadridge Financial. Tim, welcome back.Tim GokeyGr ...

Summary of Broadridge Financial Solutions FY Conference Call Company Overview - **Company**: Broadridge Financial Solutions (NYSE:BR) - **Industry**: Financial Services, specifically focusing on market infrastructure and governance solutions Key Points and Arguments Financial Performance and Growth - Broadridge processes approximately **$15 trillion** in trades daily, with **$400 billion** being tokenized, indicating a strong position in the tokenization space [1] - The company has an investment-grade financial model projecting **5%-7% organic revenue growth** and **7%-9% recurring revenue growth**, with long-term earnings growth expected to be between **8%-12%** [4] - Guidance for the current year is set at **9%-12%**, with mid-single-digit growth anticipated in the upcoming quarters [5] AI and Technology Integration - AI is viewed as a tailwind for Broadridge, enhancing its competitive edge rather than posing a threat [6] - The company differentiates itself from pure SaaS players by being a regulated market infrastructure provider, emphasizing connectivity, operational resilience, and compliance [6][7] - Broadridge is embedding AI across its services, including natural language search and predictive models in asset management, which have already attracted around **20 clients** [10][11] Tokenization and Market Dynamics - Tokenization is seen as an opportunity rather than a risk, with the potential to draw more investors into U.S. equities [19] - The SEC has indicated that tokenized securities will have the same protections as traditional securities, and Broadridge believes that broker-dealers will continue to play a critical role in this ecosystem [20] - The company is actively developing its Distributed Ledger Repo platform and plans to enable on-chain governance by the end of the calendar year [25][26] Regulatory Communications and Digital Transition - Broadridge has been a leader in digital communications, with nearly **90%** of regulatory communications already digital [29] - The cost of sending communications has decreased by **75%** since 2010, showcasing the efficiency of digital delivery [30] - The potential shift to default electronic communications is not expected to significantly impact revenue, as Broadridge's value proposition extends beyond mere communication delivery [32][37] Governance and Proxy Voting - Broadridge is addressing frustrations in proxy voting, particularly for passive asset managers, by enhancing pass-through voting and introducing a Custom Policy Engine [48][49] - The company anticipates that these innovations could contribute an additional point of growth to its governance business in the coming years [49] Long-term Strategy and Client Relationships - Broadridge emphasizes a long-term view, treating every client as a **99-year client**, and aims to help clients navigate periods of change [52][53] - The company is focused on investing in growth platforms, including tokenization and AI, to drive future success [52] Additional Important Insights - The company has seen a **20%** increase in new opportunity generation in the first half of the year compared to the previous year, indicating a robust sales pipeline [16] - Broadridge's managed services business, while small at around **$100 million** in revenues, has experienced a **20%** improvement in productivity over the past year [15] - The integration of digital assets and traditional assets is expected to create complexities, but Broadridge is positioning itself to manage these challenges effectively [24] This summary encapsulates the key insights from the Broadridge Financial Solutions FY Conference Call, highlighting the company's strategic positioning, growth prospects, and the evolving landscape of the financial services industry.

Summary of Flex (NasdaqGS:FLEX) FY Conference Call - March 02, 2026 Company Overview - Flex is an Electronic Manufacturing Services (EMS) company that also offers products and services, focusing on design, manufacturing, and logistics [1][2] - The company operates in two main segments: Reliability and Agility, with a diverse portfolio that includes automotive, health solutions, industrial, and consumer lifestyle products [3][5] Key Business Segments Reliability Segment - Comprises automotive, health solutions, and industrial businesses, which are highly regulated [3] - Automotive business is stabilizing after a challenging period, with expectations for growth as the market improves [3] - Health solutions include medical equipment and devices, with strong performance in glucose monitors and hospital equipment [4] - Industrial sector includes critical power, embedded power, and renewables, with significant growth in semiconductor equipment and warehouse automation [4][5] Agility Segment - Focuses on consumer lifestyle devices, which have not performed as strongly as other sectors [5] - The segment includes IT hardware and data center solutions, with Flex being a key player in the data center market [14][15] Data Center Business - Flex has a comprehensive offering in the data center space, providing over 80% of the necessary components, including critical power, embedded power, and cooling solutions [22][24] - The data center business has seen significant growth, with revenue expected to increase by 35% or more this fiscal year, following a 50% growth last year [25] - Flex's unique position allows it to engage with hyperscalers for designing next-generation data centers, integrating all aspects from power supply to rack integration [56] Recent Developments - Flex announced a partnership with AMD to manufacture GPUs in the U.S., specifically in Austin, Texas, which highlights its capabilities in the AI and data center sectors [37][38] - The company is actively involved in projects related to AI at the edge, collaborating with various chip manufacturers to develop cooling solutions for next-generation chips [63] Strategic Focus - Under new leadership since 2020, Flex has shifted its strategy from traditional labor arbitrage to focusing on high-growth, high-margin sectors [10][11] - The company emphasizes cash flow predictability and margin expansion, which are critical for investor confidence [12] - Flex's global manufacturing footprint of over 50 million square feet across 100 locations enhances its ability to adapt to geopolitical changes and customer needs [26] Conclusion - Flex is positioned as a leader in the EMS industry with a strong focus on data centers and AI, leveraging its extensive capabilities and partnerships to drive growth [69] - The upcoming investor conference in May is expected to provide further insights into Flex's performance and strategic direction [43]