Core Insights - Anheuser-Busch InBev (AB InBev) is experiencing strong revenue growth driven by consistent consumer demand, effective pricing strategies, and premiumization across its diverse brand portfolio [1][7] - The company is focusing on expanding its premium and super-premium beer offerings, with brands like Corona performing well internationally [2][5] - AB InBev is enhancing growth through its Beyond Beer portfolio and digital transformation, entering new beverage categories and scaling digital platforms for better customer engagement [3][4] Revenue and Growth Strategies - The premiumization strategy is a significant growth opportunity, with investments in a diverse portfolio of global and specialty premium brands [5] - In Q3 2025, Corona achieved a 6.3% revenue increase outside its home market, with double-digit growth in 33 markets [5] - Digital platforms, including B2B tools, are contributing approximately 70% to revenues, with the omnichannel ecosystem generating $325 million in Q3 2025 [4][7] Market Position and Competitiveness - AB InBev is well-positioned for growth, competing with companies like The Boston Beer Company, Constellation Brands, and Brown-Forman [6] - The company's disciplined revenue management and sustained investments in brand building and operational efficiency are strengthening its leadership in the global beverage industry [1][7]

Core Insights - BJ's Wholesale Club Holdings, Inc. is accelerating its digital transformation to enhance member engagement and drive revenue growth through expanded omnichannel capabilities and digital tool integration [1] Digital Performance - There was a 30% year-over-year increase in digitally enabled comparable sales during Q3 of fiscal 2025, contributing to a two-year stacked growth of 61%, showcasing the effectiveness of technology investments [2][9] - More than 90% of BJ's digital orders are fulfilled directly through clubs, enhancing service speed and operational control, which deepens member engagement [3] Member Engagement and Revenue - The BJ's mobile app is a critical tool for member engagement, facilitating digital coupon clipping, product location, and deli item preordering, leading to a record membership fee income of $126.3 million in Q3, a 9.8% increase year-over-year [4][9] - Membership remains the primary growth engine, with the company maintaining 8 million members and achieving a higher-tier membership penetration of 41%, up 50 basis points sequentially, alongside a strong renewal rate of 90% [5] Growth Strategy - Management emphasizes the integration of digital capabilities with physical locations as essential for sustained growth, with plans to open seven new clubs in Q4 of fiscal 2025 and a target of 25 to 30 new clubs over the next two fiscal years [6]

Group 1 - LinkedIn is leading workplace transformation by redefining future work trends, emphasizing flexibility, skills prioritization, and career development [1] - The platform has over 800 million users across more than 200 countries, serving as a vital channel for job seekers and companies for recruitment and brand building [1] Group 2 - Recent changes in job trends on LinkedIn include the rise of remote work, flexible hours, and gig economy roles, with new job types like data analysts and user experience designers emerging [2] - Job titles on LinkedIn are becoming increasingly diverse, with new roles such as "content marketing specialist" and "digital transformation consultant" that did not exist a few years ago [4] Group 3 - The variety of job types on LinkedIn is expanding, with traditional roles being complemented by emerging professions like freelancers and remote workers [4] - Users have shared experiences of finding unique job opportunities on LinkedIn, highlighting the platform's role in showcasing diverse career possibilities [4] Group 4 - To seize career opportunities on LinkedIn, job seekers are advised to regularly browse job postings, stay updated on industry trends, and enhance their profiles to attract recruiters [4][5] - The importance of maintaining complete personal information on LinkedIn, including profile pictures and work experiences, is emphasized as it affects first impressions [5] Group 5 - Despite the abundance of job information on LinkedIn, challenges remain in the competitive job market, necessitating continuous skill enhancement and a commitment to learning [5][6] - The future workplace is characterized by both opportunities and challenges, with the need for professionals to adapt to rapidly changing job demands [6]

Leadership Changes - The Coca-Cola Company announced key leadership and organizational changes aimed at accelerating consumer-centric execution and digital transformation, with Henrique Braun set to become CEO on March 31, 2026 [2] - A new Chief Digital Officer position has been created, to be filled by Sedef Salingan Sahin, to unify digital, data, and operational excellence across the company [3] - Changes in senior roles include assigning a customer and commercial leadership role to Chief Marketing Officer Manolo Arroyo, while John Murphy remains as CFO [3] Strategic Focus - The new regional market groupings reflect management's focus on emerging-market growth and operational agility [3] - The company is abandoning plans to sell Costa Coffee due to bids falling short of the £2.0 billion target, which is significantly below the £3.9 billion paid in 2018, indicating ongoing portfolio discipline challenges [4] Investment Perspective - The Coca-Cola Company is recognized as a potential long-term investment, but certain AI stocks are noted to offer greater upside potential and less downside risk [5]

Group 1 - First American Financial Corporation (FAF) is recognized as one of the 14 Best Mid-Cap Dividend Stocks to Buy Now, indicating strong investment potential in the current market [1] - Barclays has updated its price target for FAF, lowering it from $71 to $68 while maintaining an Equal Weight rating, reflecting a cautious but optimistic outlook for the consumer finance sector [2] - The company is focusing on digital transformation and automation, launching new title and escrow platforms like Endpoint and Sequoia to enhance operational efficiency and reduce costs [3][4] Group 2 - FAF operates in a heavily regulated industry, necessitating strict compliance measures, which are critical for maintaining operational integrity [4] - The company's performance is influenced by real estate transaction volumes, cost control, innovation, and adaptability to changing housing and mortgage cycles [4][5]

Core Viewpoint - Fobi AI Inc. has successfully completed the first tranche of a non-brokered private placement financing, raising C$504,200 through the issuance of 10,084,000 units at C$0.05 per unit, which includes common shares and warrants [1] Group 1: Financing Details - The first tranche consists of 10,084,000 units, each unit comprising one common share and one warrant, with an aggregate gross proceeds of C$504,200 [1] - Each warrant allows the holder to acquire one common share at an exercise price of C$0.10 for a period of 36 months from the issuance date [1] - A finder's fee agreement was established with Raymond James Ltd., resulting in a cash payment of $3,500 and the issuance of 70,000 non-transferrable finder warrants [2] Group 2: Use of Proceeds - The net proceeds from the offering will be allocated towards sales and marketing, product expansion and integration, market expansion, and general working capital and corporate expenses [3] Group 3: Regulatory Context - The offering is subject to final approval from the TSX Venture Exchange (TSXV) and is currently under a cease trade order (CTO) due to the company's failure to file certain disclosure documents [3] - A partial revocation order has been granted to allow the completion of the offering, and the company is working towards a full revocation of the CTO [3] Group 4: Company Overview - Fobi AI Inc. specializes in data and AI technology, facilitating digital transformation through real-time data and mobile-wallet engagement across various industries [6]

Core Viewpoint - Fobi AI Inc. has successfully completed the first tranche of a non-brokered private placement financing, raising C$504,200 through the issuance of 10,084,000 units at C$0.05 per unit, which includes common shares and warrants [2][4]. Group 1: Financing Details - The first tranche consists of 10,084,000 units, each unit priced at C$0.05, resulting in total gross proceeds of C$504,200 [2]. - Each unit includes one common share and one warrant, with the warrant allowing the holder to purchase one common share at C$0.10 for 36 months from issuance [2]. - A finder's fee agreement with Raymond James Ltd. resulted in a cash payment of $3,500 and the issuance of 70,000 finder warrants, which have the same terms as the regular warrants [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated towards sales and marketing, product expansion and integration, market expansion, and general working capital and corporate expenses [4]. Group 3: Regulatory Context - The company is currently under a cease trade order (CTO) due to the failure to file certain disclosure documents, but a partial revocation order has been granted to allow the completion of the offering [5]. - The company is working to remedy the default and plans to apply for a full revocation of the CTO upon completing outstanding filings [5]. Group 4: Future Offerings - Fobi may conduct additional tranches of the offering before February 25, 2026, pending approval from the TSX Venture Exchange [7]. Group 5: Company Overview - Fobi AI Inc. specializes in data and AI technology, facilitating digital transformation through real-time data and mobile-wallet engagement across various industries, including retail, sports, and healthcare [8].

Summary of Zomedica's Investor Webinar Company Overview - **Company**: Zomedica - **Industry**: Animal Health - **Focus**: Advancing animal health through technology and digital innovation, enhancing veterinary practices, and improving clinical outcomes for pets and their owners [2][3] Core Points and Arguments 1. **Technological Advancements** - The animal health industry is experiencing significant changes due to advancements in diagnostics, connectivity, and artificial intelligence (AI) [3] - Zomedica is investing in connected devices, cloud platforms, and AI to enhance veterinary care [3][6] 2. **Five Pillars of Zomedica's Mission** - **Quality of Care**: Improve pet care quality [5] - **Pet Parent Satisfaction**: Enhance confidence and comfort for pet owners [5] - **Veterinarian Workflow**: Streamline daily operations for veterinarians [5] - **Veterinarian Cash Flow**: Ensure financial accessibility of offerings [5] - **Profitability**: Increase profitability for veterinary clinics [5] 3. **Market Trends** - Investment in AI in animal health is projected to grow from $1.57 billion in 2024 to nearly $7 billion by 2033, with an 18% CAGR [9] - The global pet technology market is expected to rise from $7.6 billion in 2024 to over $17 billion by 2033 [9] - The veterinary telehealth market is forecasted to grow from approximately $620 million in 2024 to $3.2 billion by 2034, also an 18% CAGR [10] 4. **Digital Transformation Journey** - Zomedica has launched several platforms, including MyZomedica and TRUFORMA, to enhance customer experience and product integration [12][14] - The company has developed a mobile app to support training and maximize revenue from its products [13] 5. **AI Integration and Data Utilization** - Zomedica is leveraging AI for improved diagnostics and clinical decision support, enhancing the veterinarian-pet parent relationship [11][24] - The company is building a data foundation to support AI solutions, which will drive long-term value [24][25] 6. **PIMS Integration** - Zomedica plans to integrate its products with Patient Information Management Systems (PIMS) by the end of Q2 2026, enhancing workflow and convenience for veterinary clinics [41][43] 7. **Financial Outlook** - Zomedica anticipates reaching break-even with an annualized revenue of $55 million by 2027 [36][56] - The company expects to report its first revenue from a collaboration with Rahm Sensor in Q1 2026 [30][31] Other Important Content - Zomedica's manufacturing capacity is sufficient to meet demand without requiring additional capital expenditure [32] - The company is focused on maintaining margins while driving revenue growth and reducing operating expenses [56][57] - Zomedica is exploring partnerships with larger companies and expanding its presence in the equine market [40][62] Conclusion Zomedica is positioned to capitalize on the growing trends in the animal health industry through its innovative technology and digital strategies. The company's focus on improving veterinary practices and enhancing pet care is expected to drive long-term growth and shareholder value.

Financial Data and Key Metrics Changes - The company reported fourth quarter revenue of $9.7 billion, an increase of $817 million or 9% sequentially, with approximately $300 million attributed to the acquisition of ChampionX [20][19] - Adjusted EBITDA margin for the fourth quarter was 23.9%, an increase of 83 basis points sequentially, driven by strong digital performance [20][19] - Earnings per share, excluding charges and credits, was $0.78, reflecting a sequential increase of $0.09 but a decrease of $0.14 compared to the same quarter last year [19] Business Line Data and Key Metrics Changes - Digital revenue reached $825 million, a 25% sequential increase, with a pre-tax operating margin of 34%, up 557 basis points [21] - Reservoir Performance revenue was $1.7 billion, a 4% sequential increase, driven by strong international activity [21] - Production Systems revenue increased by 17% sequentially to $4.1 billion, reflecting a full quarter of activity from ChampionX [22] Market Data and Key Metrics Changes - Internationally, organic revenue increased by 7%, with North America seeing a 6% increase [6] - The Middle East showed increased activity, particularly in Saudi Arabia and UAE, contributing to the overall revenue growth [6][12] - The company noted a stabilization in global upstream activity, with key markets showing early signs of a rebound [6] Company Strategy and Development Direction - The company aims to leverage technology and digital solutions to enhance operational efficiency and reduce costs for customers [10][11] - There is a focus on production recovery as a critical domain for value creation, integrating equipment with intelligent digital capabilities [11][66] - The company anticipates a gradual recovery in upstream investment, particularly in international markets, as supply and demand rebalance [10][12] Management's Comments on Operating Environment and Future Outlook - Management expects near-term oversupply to exert downward pressure on commodity prices, but geopolitical uncertainties may provide a price floor [9][10] - The outlook for 2026 includes revenue expectations between $36.9 billion and $37.7 billion, driven by a full year of ChampionX activity and growth in digital operations [15][16] - The company is optimistic about the recovery in international markets, particularly in Latin America and the Middle East, while anticipating slight declines in Europe and Africa [15] Other Important Information - The company generated $3 billion in cash flow from operations during the fourth quarter, with free cash flow of $2.3 billion [22] - A total of $4 billion was returned to shareholders in 2025, with plans for a similar amount in 2026 through dividends and stock buybacks [26] - The company is the only international service provider actively operating in Venezuela, with plans to ramp up activities as conditions allow [18][56] Q&A Session Summary Question: CapEx trends and capital intensity - Management indicated a slight increase in CapEx to $2.5 billion for 2026, emphasizing improved capital efficiency compared to the past [31][32] Question: Customer mix and market opportunities in the Middle East - Management expressed confidence in national companies executing capital programs and noted a rebound in Saudi Arabian drilling activity [35][36] Question: Exit rate expectations for 2026 - Management expects the fourth quarter of 2026 to be higher than that of 2025, driven by international market recovery [45][46] Question: Digital business penetration - Management highlighted the potential for digital platforms to transform the industry, with increasing customer adoption of digital solutions [47][48] Question: Opportunities in Venezuela - Management noted readiness to ramp up operations in Venezuela, leveraging historical partnerships and existing assets [56][58] Question: Offshore market outlook - Management anticipates improved offshore activity in 2026, supported by FID and project developments in various regions [91][92]

Core Viewpoint - Alithya Group inc. is set to report its financial results for the third quarter of fiscal 2026 on February 13, 2026, with a conference call scheduled for the same day at 9:00 a.m. Eastern time [1]. Financial Reporting - The financial results will cover the third quarter ended December 31, 2025 [1]. - Financial statements, Management Discussion and Analysis (MD&A), press release, and presentation will be available on Alithya's Investors page [1]. Conference Call Details - The conference call will take place on February 13, 2026, at 9:00 a.m. Eastern time [2]. - A toll-free dial-in number for the call is provided: 1-800-990-4777 [2]. - A live webcast of the conference call can be accessed at the specified URL [2]. - A replay of the conference call will be available until February 20, 2026 [3][6]. - The replay can be accessed via a North American toll-free number: 1-888-660-6345, with an entry code of 69704 [6]. Company Overview - Alithya is a provider of AI-centric strategic consulting and digital transformation services [4]. - The company focuses on solving business challenges to help clients unlock new opportunities, modernize processes, and gain efficiencies [4]. - Alithya leverages a team of industry experts, AI-based intellectual property solutions, and the latest digital technologies to accelerate results [4]. - The company has established a specialized global delivery network to provide end-to-end solutions [4].