Financial Performance - GAAP gross revenue reached $3 billion, showing a year-over-year increase of 51%[10] - Adjusted net revenue was $22 billion, up 70% year-over-year[10] - GAAP net income increased significantly to $181 million, a 1186% rise year-over-year[10] - Adjusted net income grew to $195 million, representing a 192% increase year-over-year[10] - Adjusted EBITDA stood at $314 million, a 135% increase year-over-year, with an adjusted EBITDA margin of 141% on adjusted net revenue[10] - GAAP EPS was $156, up 1364% year-over-year, and adjusted EPS was $162, a 246% increase year-over-year[10] Backlog and Cash Flow - The company reported a Q3 Book-to-Bill ratio of 12x, with a trailing twelve-month (TTM) ratio also at 12x[10] - Q3 FY 2025 cash flow from operations (CFFO) was $293 million[19] - Q3 FY 2025 free cash flow (FCF) amounted to $271 million[19] Segment Performance - Infrastructure and Advanced Facilities (I&AF) operating profit was $236 million, a 134% increase year-over-year, representing 124% of adjusted net revenue[18] - PA Consulting operating profit was $72 million, a 152% increase year-over-year, remaining at 218% of revenue[18] Outlook - The company is raising its FY 2025 adjusted EPS guidance to $600-$610[23] - The company anticipates adjusted net revenue growth of approximately 55% year-over-year[23]

Hello everyone. I'm Eric from ISV year 7. Let me tell you about a moment that changed the way I think.Even kids like us can be heroes for the planet. Do you know what I used to love when I was a kid. Watching Outl.Every time I saw them save the world at the end, I felt so excited. Wow. I wish I could save the world, too.But as I grew up, I witnessed a real monster threatening our world. Last summer, I read a new story about a beach after the holidays. There were plastic bottles and garbage bags everywhere.T ...

August 1, 2025 Linde plc Investor Teleconference Presentation Second Quarter 2025 Forward-Looking Statement This document contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are identified by terms and phrases such as: anticipate, believe, intend, estimate, expect, continue, should, could, may, plan, project, predict, will, potential, forecast, and similar expressions. They are based on management's reasonable exp ...

VANCOUVER, British Columbia, Aug. 01, 2025 (GLOBE NEWSWIRE) -- ReGen III Corp. (TSXV: GIII) (OTCQB: ISRJF) (FSE: PN4) (“ReGen III” or the “Company”), a leading clean technology company specializing in the upcycling of used motor oil (“UMO”) into high-value Group III base oils, is pleased to announce that Tony Weatherill, CEO and President, will present live at the OTCQB Venture Virtual Investor Conference hosted by VirtualInvestorConferences.com on August 7, 2025. DATE: August 7, 2025   TIME: 10:30 AM ETLIN ...

Financial Data and Key Metrics Changes - TC Energy reported a 12% year-over-year increase in comparable EBITDA for Q2 2025, raising the 2025 comparable EBITDA outlook to between $10.8 billion and $11 billion, representing a 9% increase over 2024 [8][22] - The company achieved a 26% increase in pre-filed firm transportation rates on the Columbia Gas system due to a settlement with customers [9][32] - The average unlevered after-tax IRR for sanctioned projects increased to approximately 12% year-to-date, up from 8.5% a few years ago [14][15] Business Line Data and Key Metrics Changes - Canada Gas EBITDA increased due to contributions from Coastal GasLink and higher flow-through regulated costs [20] - The U.S. business saw EBITDA growth primarily from the Columbia Gas settlement and new customer contracts [20] - The Power and Energy Solutions business benefited from increased generation output and a higher average realized price of $110 per megawatt hour, up $8 from the previous year [21] Market Data and Key Metrics Changes - North American natural gas demand is now forecasted to grow by 45 Bcf per day by 2035, up from a previous forecast of 40 Bcf per day, driven by LNG exports and industrial demand [10] - The company is engaged in commercial discussions with over 30 counterparties across the data center value chain, indicating strong customer demand for incremental service [11][56] Company Strategy and Development Direction - TC Energy aims to maximize asset value through safety and operational excellence, execute a high-quality capital-efficient growth portfolio, and maintain financial strength for long-term value creation [27] - The company is focused on brownfield expansions and corridor projects, with an average project size of around $450 million, which allows for better capital efficiency [60] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the execution plan for the remainder of the year, expecting to place approximately $8.5 billion of assets into service [22] - The company anticipates a continued upward trend in project returns and a robust pipeline of opportunities driven by increasing customer demand [14][11] Other Important Information - TC Energy's sustainability report highlighted a 12% reduction in absolute methane emissions over the last five years while increasing throughput by 15% [25][26] - The company has a target to reduce methane intensity by 40% to 55% by 2035, based on 2019 levels [26] Q&A Session Summary Question: Details on Columbia Gas settlement rates - Management confirmed a 26% increase in pre-filed firm transportation rates and mentioned that further details on rate steps will be provided in final filings [30][32] Question: Capacity availability for Meta's data center in New Albany - Management indicated strong positioning to serve capacity needs in the New Albany area and ongoing optimization efforts [34][36] Question: 2027 EBITDA guidance considerations - Management expressed confidence in the 2027 EBITDA target range, emphasizing the importance of project execution and backlog management [40][42] Question: Concerns about Canadian pipeline assets and toll revisions - Management reassured that robust subscriptions for services and capacity expansions mitigate concerns about downward pressure on returns [43][46] Question: Project announcements in Pennsylvania - Management highlighted the potential for increased market share and project upsizing in response to growing demand in the region [53][55] Question: Utilization outlook for Northern Mexico assets - Management noted steady increases in utilization rates and the potential for modest capital-efficient expansions [68][70] Question: Canadian energy policy landscape and Bill C5 - Management viewed Bill C5 positively, anticipating benefits for capital deployment and LNG export potential [75][77] Question: Data center project sizes and pipeline consolidation - Management acknowledged trends toward larger projects but clarified that increased capacity does not necessarily imply higher capital costs [83][87] Question: Impacts of U.S. budget reconciliation on project pipeline - Management indicated minimal impact on project execution and cash taxes, emphasizing that growth plans are based on the current regulatory environment [108][110]

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Group 1 - The 2024-2025 Global Entrepreneurship Monitor (GEM) report covers entrepreneurship data from 56 economies, representing 63% of the global population and 78% of global GDP, highlighting the current state and trends in the global entrepreneurial ecosystem [1][2] - In 2024, global GDP is projected to grow by approximately 3%, yet 51 participating economies report a decline in household income, with 38 economies indicating that at least 25% of adults have experienced income reductions [1][2] - Only 17 economies are rated as having a "sufficient" entrepreneurial environment, while 39 are deemed "insufficient," indicating a disparity in entrepreneurial conditions across different income levels [1][2] Group 2 - The motivations for entrepreneurship are diverse, with "survival" and "wealth accumulation" being the most common, particularly in low-income economies where survival is a more pronounced motivation [2] - Despite a perception that barriers to entrepreneurship are lowering, fear of failure is increasing, with at least 40% of individuals in 43 economies opting not to pursue opportunities due to this fear [2] - The report emphasizes the importance of sustainable development, with over half of early-stage entrepreneurs in 40 economies prioritizing social and environmental impacts over profit [2] Group 3 - The distribution of entrepreneurial activity shows a concentration in consumer and business services, with high-income economies leading in product innovation, while low-income economies show less innovation [2] - There is a notable difference in employment expectations, with at least one-third of entrepreneurs in 37 economies not planning to hire additional staff, contrasting with expansion plans in some high-income economies [2] - The report indicates a growing trend towards digital technology adoption, with at least half of entrepreneurs in 30 economies planning to increase digital marketing investments, although awareness of artificial intelligence varies significantly by income level [2]

Core Insights - Michelin reported a segment operating income of €1.5 billion for the first half of 2025, supported by a strong price-mix effect despite a challenging market environment [1][8] - The Group maintains its financial ambitions for 2025, expecting stable sell-in tire markets compared to 2024 [6][7] Financial Performance - Sales decreased by 3.4% to €13.0 billion, with a 6.1% decline in tire volumes and a 4.0% positive price-mix effect [8][37] - Segment operating income was €1.452 billion, representing 11.1% of sales, down from 13.2% in the first half of 2024 [9][39] - Net income fell to €840 million, or 6.4% of sales, compared to €1.163 billion in the same period last year [40][43] Segment Analysis Automotive & Two-wheel - Operating margin stood at 12.2%, with a 2.5% decline in volumes, primarily in Original Equipment [3][46] - The share of 18-inch and larger tires in MICHELIN-brand sales increased to 68% [3][50] Road Transportation - Operating margin declined to 5.5%, impacted by a 19% drop in Original Equipment sales in North America [4][56] - Fleet services revenue increased, and innovative product launches were emphasized [4][56] Specialties - Operating margin was 14.5%, reflecting lower volumes in Original Equipment markets, particularly in Agricultural and Construction segments [5][57] - Mining tire demand grew, while Polymer Composite Solutions showed expansion in specific markets [5][58] Market Trends - Global Original Equipment and Replacement Passenger car and Light truck tire market grew by 2% overall, with a 3% gain in Replacement sales [13][14] - In Europe, Original Equipment demand fell by 8%, while Replacement demand rose by 5% [12][19] - North America saw a 5% decline in Original Equipment sales, with Replacement demand increasing by 2% [20][24] Strategic Initiatives - Michelin is rolling out a product plan that includes the renewal of existing tire ranges and the launch of new products like the MICHELIN CrossClimate3 Sport tire [3][71] - The Group is focusing on sustainability, with initiatives such as the construction of a bio-based 5-HMF industrial demonstrator and tire recycling activities [72][74]

Core Viewpoint - Roche is proposing a modernization of its capital structure, which includes the exchange of existing non-voting equity securities for participation certificates, to be approved at the Annual General Meeting on March 10, 2026 [1][3]. Group 1: Capital Structure Changes - The proposal includes reducing the nominal value of bearer shares from CHF 1.00 to CHF 0.001, with a cash repayment of CHF 0.999 per bearer share, totaling CHF 106,584,309 [2][9]. - The exchange of Genussscheine for participation certificates is in line with Roche's articles of incorporation and is driven by revised Swiss corporate law, ensuring that participation certificates will have the same economic rights as bearer shares [3][9]. Group 2: Dividend and Securities Management - After the dividend payment for the financial year 2025 and the capital structure changes, Roche will discontinue the issuance of printed dividend vouchers [4][6]. - Home custodians are encouraged to submit their printed certificates and dividend vouchers to a depository bank for conversion into intermediated securities to facilitate future dividend payments [5][6]. Group 3: Future Outlook - The participation certificates will be listed on the SIX Swiss Exchange and will maintain the same dividend entitlement and liquidation proceeds as bearer shares [3][9]. - Detailed explanations of the proposals will be provided to shareholders ahead of the 2026 AGM [3].

Financial Data and Key Metrics Changes - Total sales for Q2 2025 reached $238 million, representing a 10% year-over-year increase or 5% growth excluding Smart Cover sales of over $10 million [6][11] - Operating earnings increased by 8% year-over-year to $44.9 million, with operating margins slightly down to 18.8% from 19.2% in the prior year [7][11] - Gross margins expanded by 170 basis points to 41.1% from 39.4% in the prior year quarter, although this was a sequential decline from 42.9% in Q1 2025 [8][10] - Free cash flow increased by 19% year-over-year to $40.6 million, driven by higher earnings and improved working capital [11] Business Line Data and Key Metrics Changes - Utility water product line sales increased by 11% year-over-year or 6% excluding Smart Cover [6] - Sales for flow instrumentation product line remained flat year-over-year due to lower demand in certain market applications [7] Market Data and Key Metrics Changes - The competitive landscape is viewed as level, with ongoing trade uncertainties impacting tariff-related costs [10] - The company continues to see strong customer demand and momentum in technology adoption trends within the water industry [5][16] Company Strategy and Development Direction - The launch of BlueEdge aims to unify a comprehensive suite of products for managing water and wastewater systems beyond the meter, with positive reception at industry events [12][13] - The company is focused on long-term growth, expecting high single-digit revenue growth driven by favorable industry fundamentals and customer demand trends [16][17] Management's Comments on Operating Environment and Future Outlook - Management remains optimistic about navigating macroeconomic uncertainties while supporting long-term customer goals [5] - Despite expected sequential sales decline in Q3 2025, year-over-year growth is still anticipated excluding Smart Cover [15] - The company emphasizes the importance of the meter as a critical investment for utilities, reinforcing confidence in sustained demand [16] Other Important Information - The company is on track to deliver anticipated sales and cost synergies from the Smart Cover acquisition, with a focus on leveraging existing resources [17][68] - The recently published sustainability report highlights achievements in greenhouse gas reduction and financial performance [18] Q&A Session Summary Question: Inquiry about SG&A expense increase - Management acknowledged the increase in SG&A expenses due to the full quarter of Smart Cover and a unique deferred compensation expense, indicating ongoing investments to support growth [21][22][23] Question: Clarification on deferred compensation impact - Management clarified that while the deferred compensation expense was unique to the quarter, some impact would remain due to stock price fluctuations [32][33] Question: Comments on AMI project timing and municipal activity - Management noted that project timing can be uneven, but the demand for new projects remains strong, with no long-term concerns about growth [44][45] Question: Impact of potential EPA budget cuts - Management expressed confidence that utilities will continue to prioritize investments in metering regardless of potential funding cuts, citing various funding mechanisms available [70][71]