Financial Data and Key Metrics Changes - Adjusted diluted EPS for Q3 2025 was $1.24, up approximately 63% year over year, driven by higher adjusted operating profit [7][13] - Q3 organic sales grew 28%, with the Americas up 43% and APAC up 21%, while EMEA declined 4% [7][13] - Adjusted operating profit reached $596 million, up 43% year on year, with a margin of 22.3% [9][13] - Adjusted free cash flow was $462 million, up 38%, reflecting strong operating performance [9][16] - Total backlog increased to $9.5 billion, up about 30% year on year and 12% sequentially [10][13] Business Line Data and Key Metrics Changes - The Americas segment delivered strong organic growth of 43%, driven by accelerated AI demand across product lines [16] - APAC saw 21% organic growth, supported by AI infrastructure demand [16] - EMEA experienced a 4% decline in organic sales, but expectations for recovery are set for the second half of 2026 [17][19] Market Data and Key Metrics Changes - The overall market growth is accelerating, particularly in the colo cloud segment, which is the fastest-growing area [8] - The company reported a trailing 12-month organic orders growth of about 21%, with Q3 orders up 60% year over year [7][9] Company Strategy and Development Direction - The company is focused on maintaining technology leadership through consistent R&D investments and operational excellence [4][5] - A restructuring program is being implemented in EMEA to prepare for future growth, with an expected annualized benefit of approximately $20 million starting in 2026 [17] - The company plans to accelerate investments in supply chain and services capabilities to meet evolving customer needs [21][24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in a multi-year period of significant growth and value creation, driven by digital transformation and AI demand [5][21] - The company anticipates continued organic sales growth in 2026, supported by a substantial backlog and a healthy pipeline [21][24] - Tariffs are viewed as a dynamic input cost, with mitigation strategies in place to offset their impacts [11][22] Other Important Information - The company is raising its full-year guidance for adjusted EPS, net sales, adjusted operating profit, and adjusted free cash flow [19][20] - The adjusted operating margin target for 2029 remains at 25%, with expectations for incremental margins in the 30% to 35% range [19][63] Q&A Session Summary Question: What is driving the order uptake and when will big announcements flow into orders for Vertiv? - Management indicated that order growth is driven by a strong market and technology evolution, with large players expanding their backlogs [28][30] Question: Can you provide more color on the services opportunity and its margin structure? - Management emphasized the service business as a unique competitive advantage, generating recurring revenue, and expected to accelerate as product systems grow [34][36] Question: What is the outlook for EMEA margins and the path back to mid-20s? - Management stated that a combination of sales acceleration and restructuring efforts would facilitate improved operating leverage and margins in EMEA [66] Question: How does the competitive environment affect Vertiv's market position? - Management expressed confidence in their innovation-driven approach, stating that they are at the forefront of industry advancements and maintain strong competitive advantages [82][84]

Financial Data and Key Metrics Changes - Adjusted diluted EPS for Q3 was $1.24, up approximately 63% year over year, driven by higher adjusted operating profit [9][21] - Q3 organic sales grew 28%, with the Americas up 43% and APAC up 21%, while EMEA declined 4% [10][21] - Adjusted operating profit reached $596 million, up 43% year on year, with a margin of 22.3% [12][22] - Adjusted free cash flow was $462 million, up 38%, translating to approximately 95% free cash flow conversion [12][23] - The company raised full-year guidance for adjusted EPS, net sales, adjusted operating profit, and adjusted free cash flow [12][28] Business Line Data and Key Metrics Changes - The Americas delivered strong organic growth of 43%, driven by accelerated AI demand across product lines [24] - APAC saw 21% organic growth, benefiting from AI infrastructure [24] - EMEA experienced a 4% decline in organic sales, but sales were higher than expectations, indicating potential for future growth [25] Market Data and Key Metrics Changes - The overall market growth is accelerating, particularly in the ColoCloud segment, which is the fastest-growing segment [11] - The trailing twelve-month organic orders growth was about 21%, with Q3 orders up 60% year over year and 20% sequentially [11][13] - Total backlog now stands at $9.5 billion, up about 30% year on year and 12% sequentially, providing strong visibility into 2026 [14] Company Strategy and Development Direction - The company is focused on maintaining technology leadership through disciplined investment, operational excellence, and R&D expansion [6][7] - Plans to accelerate investments in supply chain and services capabilities to meet evolving customer needs [30][31] - The company is committed to its November 2024 Investor Day margin targets, with a robust free cash flow providing strategic flexibility [30] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in a multiyear period of significant growth and value creation, driven by digital transformation and increasing data demands [8][30] - The company is addressing operational and supply chain challenges experienced in Q2 and is optimistic about future performance [16][22] - Management noted that tariffs are being viewed as an input cost, with comprehensive mitigation actions in place [15][30] Other Important Information - The company is implementing regional restructuring programs in EMEA to prepare for future growth, although acceleration may not occur until the second half of 2026 [15][25] - The company is scaling service capacity in parallel with manufacturing to meet demand [19][87] Q&A Session Summary Question: What is driving the order uptick and the timeframe for big announcements to flow into orders? - Management indicated that the order growth is driven by a combination of a strong market and technology evolution, with large players expanding their backlogs [41][42] Question: Can you provide more color on the services opportunity and its margin structure? - Management emphasized the service business as a unique competitive advantage, noting that while it typically lags behind product growth, it is expected to accelerate [50][52] Question: What is the outlook for margins and the impact of tariffs? - Management confirmed that the path to the long-term margin target remains intact, with expectations for incrementals in the 30% to 35% range [62][64] Question: What is the confidence in the EMEA market recovery? - Management expressed cautious optimism about EMEA, citing a need for capacity and encouraging signs of pipeline growth [75][77] Question: How is the company scaling up its support function to keep up with top-line growth? - Management reported an increase in headcount for field engineers, with a focus on aligning service capacity with product demand [85][87] Question: How does the company view the competitive environment and recent innovations? - Management welcomed the innovation intensity in the industry, asserting that it drives their competitive advantage and reinforces their market position [130][132]

Industry Overview - The U.S. engineering and construction industry is thriving in 2025, driven by significant infrastructure spending, industrial reshoring, and digital transformation across various sectors [1] - Key players in this landscape include EMCOR Group and Jacobs Solutions, both recognized for their financial discipline and respect in the industry [1] EMCOR Group Analysis - EMCOR reported record revenues of $4.3 billion in Q2 2025, reflecting a 17.4% year-over-year increase, with EPS rising 28% to $6.72 [4] - The company achieved an operating margin of 9.6%, the highest in its history, due to effective project management and cost control [4] - The Electrical and Mechanical Construction segments are performing well, with the electrical segment's revenues boosted by 67.5% following the integration of Miller Electric [5] - EMCOR's Remaining Performance Obligations reached an all-time high of $11.9 billion, indicating strong project visibility and demand in sectors like data centers and healthcare [6] - The company has repurchased $430 million in shares and invested $887 million in acquisitions in 2025, maintaining financial flexibility [7] - Despite strong performance, EMCOR faces challenges in its Industrial Services segment due to project timing and energy market cycles [8] Jacobs Solutions Analysis - Jacobs reported Q3 2025 revenues of $3.03 billion, a 5.1% year-over-year increase, with adjusted EPS rising 24.6% to $1.62 [9] - The Infrastructure & Advanced Facilities segment led growth, with an operating margin of 12.4%, reflecting efficiency gains [11] - Jacobs' backlog reached a record $22.7 billion, up 14% year-over-year, supported by significant project wins [12] - The company aims to improve cash conversion and maintain a low leverage ratio, focusing on shareholder returns through buybacks and dividends [13] - Jacobs is experiencing near-term softness due to exposure to government contracts and margin pressures from business mix and integration costs [14] Comparative Analysis - EMCOR's EPS growth estimate for 2025 is 17.1%, while Jacobs' is 14.6%, indicating stronger near-term growth for EMCOR [16][20] - EMCOR trades at a forward P/E of 25.82X, while Jacobs trades at 23.41X, reflecting market confidence in both companies but justifying EMCOR's higher multiple due to faster growth [19][20] - Year-to-date, EMCOR shares have increased by 52.1%, outperforming Jacobs' 23.1% rise, highlighting investor confidence in EMCOR's financial results [23] Conclusion - Both EMCOR and Jacobs are well-positioned to benefit from ongoing infrastructure and digital transformation spending [25] - EMCOR is identified as the stronger investment option due to its superior growth outlook and operational excellence, while Jacobs remains a solid long-term holding [26][28]

NTG Clarity Networks (OTCPK:NYWK.F) 2025 Conference October 22, 2025 08:00 AM ET Company ParticipantsAdam Zaghloul - VP of Strategy and PlanningNone - Company RepresentativeAdam ZaghloulAll right. Good morning, everybody. Sorry for the technical difficulties, but my name is Adam Zaghloul. I'm Vice President of Strategy and Planning for NTG Clarity I'm excited to spend a little bit of time telling you about our story this morning. We are, you know, what you can consider an IT services, software development, ...

Core Insights - EXL and Schneider National have launched a digital transformation initiative aimed at enhancing logistics operations through advanced data and AI technologies, resulting in significant efficiency improvements and cost reductions [1][2][4] Group 1: Digital Transformation Initiative - The collaboration targets manual processes and frequent hand-offs that cause delays in logistics operations, historically averaging three days from load creation to appointment confirmation [2] - The initiative has digitized and optimized the entire appointment scheduling workflow, leading to a more than 50% improvement in average cycle time for scheduling appointments and a 24% reduction in cost per appointment scheduled [3][4] Group 2: Impact on Supply Chain Efficiency - The implementation of a cloud-native, 24/7 scalable solution allows for near-real-time appointment setting, significantly enhancing customer and driver experiences [3] - This initiative sets a new benchmark for efficiency in the supply chain, demonstrating the transformative potential of intelligent automation in addressing long-standing challenges within the trucking industry [4]

Core Insights - DLH Holdings Corp. has achieved Cybersecurity Maturity Model Certification (CMMC) Level 2, enhancing its capabilities in digital transformation and cybersecurity [1][2] - The certification validates DLH's ability to secure national defense data and positions the company to compete for new federal contracts as CMMC 2.0 requirements are expected to appear in DoD solicitations starting November 2025 [2] Company Overview - DLH is a provider of technology, public health, and cybersecurity solutions, focusing on complex missions through digital transformation, artificial intelligence, and advanced analytics [3] - The company emphasizes its commitment to improving lives globally through a combination of technology, innovation, and expertise [3]

Core Insights - XBP Global Holdings, Inc. has announced a multi-year contract with a large insurance carrier for its Re-mail processing service, aimed at enhancing mail delivery open rates [1][3] Company Overview - XBP Global is a multinational technology and services company specializing in intelligent business workflows, with a presence in 20 countries and approximately 11,000 professionals [5] - The company partners with over 2,500 clients, including many Fortune 100 companies, to facilitate digital transformation and improve customer experiences [5] Service Details - The Re-mail processing service utilizes AI-driven automation and proprietary technology, including Intelligent Document Processing (IDP), to streamline returned mail processes [2][3] - Key features of the service include Automated Address Correction, Intelligent Rerouting, Detailed Reporting, and Secure Handling, which collectively aim to improve renewals and enrollments for guaranteed issue products [3] Benefits - The automated solution is expected to drive higher re-enrollment rates, reduce operational costs, minimize delays in critical communications, and enhance data accuracy [3]

Core Insights - Nokia has partnered with ST Engineering and First One Systems to deploy an IP/MPLS-based mission-critical Backbone Transmission Network (BTN) for Bangkok's new MRT Orange Line, expected to be completed by 2030 [1][2][9] - The project aims to enhance safety and services for the Mass Rapid Transit system, supporting various applications such as CCTV surveillance, public announcements, and passenger information displays [2][9] Group 1: Project Overview - The Orange Line will span 35.9 km, connecting the east and west sides of Bangkok with both underground and elevated transit systems [3] - The deployment of Nokia's solution will provide a high-capacity, low-latency, reliable, and secure transmission backbone for the railway [2][9] Group 2: Technical Specifications - Nokia will develop two BTNs with network speeds of 10G and 40G to facilitate voice, data, and video transmission between stations and the Operations Control Center (OCC) [6] - The solution includes the Nokia 7250 Interconnect Router, Nokia 7210 Service Access System, and a service management platform, aimed at simplifying operations and maintenance while enhancing network performance visibility [6][9] Group 3: Collaboration and Expertise - The collaboration involves deep technical expertise and seamless integration capabilities from all partners, ensuring the communication system meets international standards [4][5] - Nokia's experience in delivering similar railway projects globally provides confidence in overcoming potential challenges [5]

Core Insights - The Lovesac Company has appointed Jacob Pat as Chief Technology and Digital Transformation Officer to enhance its digital strategies and support growth objectives [1][2] - Jacob Pat brings over 25 years of experience in technology and digital transformation, having previously held leadership roles at Salesforce, DECIEM, and Champion Petfoods [2][3] - The company aims to leverage technology to improve business processes and customer experiences, aligning with its vision of becoming the most loved home brand in America [2][3] Company Overview - The Lovesac Company is based in Stamford, Connecticut, and is known for its high-quality, modular furniture products, including Sactionals and Sacs [4] - The company emphasizes responsible production and innovation, having received awards for sustainability and product design [4] - Products are primarily sold online through the company's website, supported by physical retail locations and partnerships with third-party retailers [4]

Alamikum Gmail. Uh I've been to previous TEDex a few times. So hope I can share some interesting insights with you.Uh coming from my background in tech although I've not studied tech but I run a tech company and I worked with the big four tech companies in the world. So based on that I just had a few thoughts around what we can improve and what is happening in Pakistan. So I build I'll build a small little case and share my thoughts on how and what we can do differently.But before that read this in less tha ...