Financial Data and Key Metrics Changes - The company reported an organic revenue decrease of 3.5% for Q2 2025, consistent with earlier guidance [5][12] - Adjusted EBITDA was $393.7 million with a margin of 18.1%, reflecting significant structural cost reductions [7][19] - Diluted EPS was $0.44 as reported, while adjusted diluted EPS was $0.75 [8][12] - The company returned $98 million to shareholders through share repurchases, totaling $188 million year-to-date [9][12] Business Line Data and Key Metrics Changes - Media, Data and Engagement Solutions segment saw a 3.1% organic decrease, impacted by prior account activity [15] - Integrated Advertising and Creativity segment experienced a 6.3% organic decrease, largely due to a significant client loss in healthcare [15] - Specialized Communications and Experiential Solutions segment achieved 2.3% organic growth, driven by Octagon and Momentum [15] Market Data and Key Metrics Changes - U.S. market, accounting for 66% of net revenue, saw a 2.6% organic decrease [17] - International markets, representing 34% of net revenue, experienced a 5.4% organic decrease [19] Company Strategy and Development Direction - The company is focused on strategic transformation, enhancing service delivery, and leveraging technology for operational efficiencies [6][25] - The integration with Omnicom is expected to create significant value and strengthen offerings [6][32] - The Interact platform is central to the company's strategy, automating workflows and enhancing client engagement through AI [25][30] Management's Comments on Operating Environment and Future Outlook - The macro environment has been more volatile than anticipated, but client engagement remains constructive [9][10] - The company is on track for a full-year organic net revenue decrease of 1% to 2% and expects adjusted EBITDA margin to exceed previous guidance of 16.6% [10][41] - Management remains optimistic about the integration with Omnicom and the potential for enhanced capabilities and market position [32][44] Other Important Information - The company ended the quarter with $1.6 billion in cash and a gross financial debt to EBITDA ratio of 1.9 times [13][24] - Restructuring charges for the quarter were $118 million, with a significant non-cash portion [20][22] - The company has secured antitrust clearance in most jurisdictions for the acquisition by Omnicom, with completion expected in the second half of the year [42][43] Q&A Session Summary Question: Annualized savings and margin outlook - Management indicated that savings have been realized faster than expected, with a margin outlook now significantly ahead of 16.6% [46][48] Question: Organic growth segmentation - Management acknowledged the impact of account losses but noted underlying growth in other areas, particularly in media and healthcare [51][52] Question: Creative performance and outcome-based work - Management discussed the challenges in traditional creative sectors but emphasized the importance of data-driven approaches and outcome-based compensation models [56][58] Question: Cost savings run rate - Management confirmed that year-to-date savings are around $300 million, with expectations for ongoing structural savings beyond that [64][70] Question: Staffing and operational leverage - Management indicated that while growth may necessitate new hires, the focus will be on different roles that enhance operational efficiency [75][81]

Core Insights - Food companies are facing increased price sensitivity, uneven volume trends, and challenges to brand loyalty as consumers seek value [1] - Companies that can protect margins, manage input costs, and adapt to changing consumption habits are likely to succeed [1] The J. M. Smucker Company (SJM) - SJM is undergoing a strategic transformation, focusing on portfolio optimization through acquisitions and divestitures, including the acquisition of Hostess Brands in late 2023 [3][4] - The Hostess acquisition enhances SJM's position in the snacking category, with a 3% year-over-year sales increase in its International and Away From Home segment [4] - Despite growth, SJM's adjusted gross profit declined by 9% year-over-year in the fiscal fourth quarter due to higher input costs and weaker volume [5] - SJM is increasing marketing investments for key brands, leading to a 3% rise in selling, distribution, and administrative expenses [6] Post Holdings, Inc. (POST) - POST is strengthening its position through consistent performance, with Foodservice segment net sales rising 9.6% year-over-year to $607.9 million in Q2 fiscal 2025 [7] - Strategic pricing actions have allowed POST to protect margins amid inflation, offsetting input cost inflation and volume softness [8][9] - POST's recent acquisitions, including 8th Avenue Food & Provisions and Potato Products of Idaho, support a diversified growth strategy [10] - POST benefits from a well-diversified portfolio and disciplined execution, positioning it as a resilient player in the food industry [11] Financial Comparisons - The Zacks Consensus Estimate for POST's fiscal 2025 EPS is $6.63, while SJM's estimate has decreased by 4% to $9.28 [12] - POST trades at a forward P/E of 14.54x compared to SJM's 11.1x, reflecting stronger earnings momentum for POST [13] - In the past three months, POST's stock has declined by 6.9%, outperforming SJM's 8.8% drop, justifying the valuation gap [13] Conclusion - SJM is in a rebuilding phase, focusing on long-term growth through portfolio reshaping, while POST is growing through strategic pricing and disciplined execution [16] - In the current inflation-sensitive market, POST is viewed as the safer and smarter investment choice [16]

Group 1: WK Kellogg Company Overview - WK Kellogg (KLG) shares increased by 7% to close at $17.05, supported by strong trading volume, contrasting with a 0.3% loss over the past four weeks [1] - The rise in shares is attributed to optimism regarding the company's strategic transformation, including cost-reduction efforts, brand revitalization, and enhanced pricing power [1] - The company's focus on improving margins and stabilizing volumes is boosting investor confidence [1] Group 2: Earnings Expectations - WK Kellogg is expected to report quarterly earnings of $0.38 per share, reflecting a year-over-year increase of 5.6%, while revenues are projected to be $657.22 million, a decrease of 2.2% from the previous year [2] - The consensus EPS estimate for WK Kellogg has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [3] Group 3: Industry Context - WK Kellogg holds a Zacks Rank of 3 (Hold) within the Consumer Products - Staples industry [4] - BRC Inc. (BRCC), another company in the same industry, saw a 15.3% increase in its stock price, closing at $1.51, despite a -23.4% return over the past month [4] - BRC Inc.'s consensus EPS estimate has remained unchanged at -$0.03, representing a 200% decline compared to the previous year's EPS, and it currently holds a Zacks Rank of 5 (Strong Sell) [5]

Core Insights - International Paper is making strategic changes to strengthen its North American operations and enhance customer service [1][2] - The company plans to exit the molded fiber business and close several facilities, including a packaging facility in Marion, Ohio, and a recycling facility in Wichita, Kansas [1][6] - International Paper aims to streamline operations to focus on sustainable packaging solutions and improve quality, reliability, and service delivery [2] Company Overview - International Paper is a global leader in sustainable packaging solutions, headquartered in Memphis, Tennessee, with operations in over 30 countries [3] - The company employs more than 65,000 team members and reported net sales of $18.6 billion for 2024 [3] - In 2025, International Paper acquired DS Smith, enhancing its position in the North American and EMEA regions [3] Employee Impact - The changes will affect approximately 110 hourly and 24 salaried employees in the U.S., while the current onsite team members in Mexico will be retained [1][2] - The company is committed to minimizing the impact on affected employees through job placement, retirements, and severance support [1][2] Facility Changes - The Reno, Nevada facility will be converted to support the packaging business, while the containerboard mill and recycling plants in Mexico will be sold to APSA [1][6] - These actions are part of a broader initiative to rationalize the company's portfolio and focus on growth in sustainable packaging [2]

Core Points - Alico, Inc. supports the establishment of the Corkscrew Grove Stewardship District, which aims to enhance community infrastructure in eastern Collier County [1][3][6] - The legislation received unanimous support from various Florida legislative bodies and local government [2] - The district will facilitate Alico's infrastructure financing, natural area management, and community administration [3][5] Company Overview - Alico, Inc. is a Florida-based agribusiness and land management company with over 125 years of experience, managing approximately 51,300 acres across 8 counties [9] - The company focuses on strategic land development and diversified agricultural operations to create long-term shareholder value [9] Project Details - Alico announced the creation of Corkscrew Grove Villages, covering approximately 4,600 acres, which will include two 1,500-acre villages and over 6,000 acres of conservation area [4] - The Corkscrew Grove Stewardship District will be overseen by a five-member Board of Supervisors and will collaborate with local agencies for infrastructure development [5][6] - Alico is currently seeking approval for the East Village, with a decision expected in 2026 and potential construction starting in 2028 or 2029 [7]

Investor Presentation V e r s i o n 8 . 9 . 2 0 2 4 Contents | SWK Overview | Pages 4 – | 13 | | --- | --- | --- | | Tools & Outdoor | Pages 14 – | 23 | | Industrial | Pages 24 – | 28 | | Appendix | Pages 29 – | 36 | Contacts Dennis Lange Vice President, Investor Relations 860-827-3833 dennis.lange@sbdinc.com Christina Francis Director, Investor Relations 860-438-3470 christina.francis@sbdinc.com Christopher Capela Director, Investor Relations 860-827-5556 christopher.capela@sbdinc.com 1000 Stanley Drive Ne ...

Core Insights - National Vision Holdings, Inc.'s America's Best brand is driving revenue growth, supported by the strength of managed care and favorable optical retail industry trends [1][3][7] - The company has experienced a significant stock price increase of 75.6% year-to-date, outperforming the industry and the S&P 500 [2] - National Vision's strategic transformation focuses on addressing optometrist shortages and enhancing customer experience through segmentation and digitization [5][7] Financial Performance - National Vision has a market capitalization of $1.81 billion and has consistently beaten earnings expectations, with an average surprise of 81.81% over the last four quarters [2] - The Zacks Consensus Estimate for 2025 earnings per share is 62 cents, with projected revenues of $1.94 billion, indicating a 2.9% year-over-year improvement [9] Growth Drivers - The America's Best brand is enhancing its value offerings through promotions and exclusive partnerships, contributing to revenue growth [3][7] - The company has implemented remote examining capabilities, allowing for increased examination capacity and a 3.1% growth in comparable store sales in Q1 2025 [4][5] Challenges - National Vision faces a weak solvency position, with cash and cash equivalents of $80 million against short-term debt of $101.5 million, raising concerns amid macroeconomic pressures [6][8] - Rising expenses, particularly a 6.4% year-over-year increase in SG&A expenditures, are impacting profitability in a challenging economic environment [8]

Strategic Transformation Realized MARCH 5th 2025 designed for 'point-of-need' use in vital health and safety contexts Forward looking statements / Non-GAAP financial measures This presentation and the accompanying oral presentation (this "presentation") contain forward-looking statements which are made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements may relate to, but are not limited to, expectations ...

Strategic Transformation - 908 Devices shifted its focus to high-growth handheld markets, aligning with trends in opioid crisis response, defense budgets, and border security[9] - The company divested its biopharma desktop portfolio to REPLIGEN for $70 million in cash, nearly doubling its balance sheet cash[11] - 908 Devices is targeting adjusted EBITDA profitability by Q4 2025 and cash flow positivity in 2026, driven by improved gross margins and streamlined operations[9] Financial Performance & Guidance - As of March 31, 2025, 908 Devices had $124 million in cash and $52 million in revenue for the last twelve months (LTM)[15] - Q1 2025 recurring revenue was $44 million, representing 37% of total revenue, with a year-over-year growth of 59%[41] - The company's 2025 revenue guidance from continuing operations is $53 million to $55 million, representing a year-over-year growth of +11% to +15%[39] - 908 Devices anticipates an adjusted EBITDA positive by Q4 2025 and expects to have a year-end cash balance of over $110 million[39] - Adjusted gross margin for Q1 2025 was 54%, an increase of 75 basis points year-over-year[41] Growth Catalysts - Equipment modernization, specifically replacing outdated FTIRs, presents a 15,000-unit replacement opportunity[45] - The launch of the next-generation MX908 device is expected to drive enterprise placement wins and generate a replacement cycle from the existing >2,800 MX devices fielded[36] - The U S Department of Defense AVCAD program anticipates an award for full-rate manufacturing, potentially generating >$10 million in annual revenue starting in 2026[37, 45]

Core Insights - Solo Brands, Inc. has appointed Mr. John P. Larson as the permanent President and CEO, effective immediately, indicating a strong leadership transition [1] - The company has successfully completed a comprehensive debt restructuring, enhancing its financial flexibility and supporting its strategic transformation plans [2][3] Financial Restructuring - The Amendment to the Credit Agreement, effective June 13, 2025, includes a revolving credit facility of $90 million and a new term loan facility of $240 million [5] - The company has paid down $136.5 million of revolving loans and $32.5 million of existing term loans, resulting in total outstanding debt of $19.7 million under the revolving facility and $240 million under the new term loan as of June 13, 2025 [5] - The maturity of the revolving loans and new term loans has been extended to June 30, 2028, providing a longer financial runway for the company [5] Strategic Vision - The company aims to leverage its strong brand recognition and turnaround efforts to stabilize and transform its business, supported by a well-aligned team and board [4] - The successful debt restructuring is viewed as a significant step forward in executing the company's multi-year transformational growth strategy [3]