Core Insights - Arhaus reported Q3 CY2025 results that exceeded Wall Street's revenue expectations, with sales increasing by 8% year-on-year to $344.6 million, surpassing analyst estimates of $337.7 million by 2% [1][6] - The company's GAAP profit was $0.09 per share, aligning with analysts' consensus estimates [1][6] - Revenue guidance for Q4 CY2025 is optimistic at $351 million at the midpoint, which is above analyst estimates of $344.1 million [1][6] Financial Performance - Adjusted EBITDA for Q3 was $31.24 million, exceeding analyst estimates of $29.46 million, resulting in a margin of 9.1% [6] - Operating margin improved to 4.8%, up from 3.3% in the same quarter last year [6] - Same-store sales rose by 4.1% year-on-year, a significant improvement compared to a decline of 9.2% in the same quarter last year [6] - Market capitalization stands at $1.33 billion [6] Management Commentary - Management attributed the strong performance to a successful product lineup, particularly the Fall 2025 Collection, which saw record demand [3][5] - The in-home design program has been effective in enhancing customer loyalty and conversion rates [3] - The company is focused on new product introductions and showroom expansion to maintain growth momentum [4] - CFO acknowledged macroeconomic uncertainties and tariff challenges but expressed confidence in strategic pricing and sourcing diversification to protect margins [4] Future Outlook - Arhaus plans to continue innovating its product assortment to differentiate itself in the premium market [4] - The company is investing in digital transformation initiatives aimed at improving operational efficiencies and supporting long-term growth [4]

Core Insights - Brunel International N.V. reported its third quarter and first nine months results, highlighting resilience in a challenging market environment [1][4] Q3 2025 Key Points - Revenue for Q3 2025 was EUR 304.0 million, a decrease of 10% (7% decrease organically) [8] - Gross profit for Q3 2025 was EUR 56.5 million, down 16% (14% decrease organically) [8] - Underlying EBIT for Q3 2025 was EUR 11.9 million, down 31% (29% decrease organically) [8] - Cost reduction programs resulted in EUR 5.1 million lower costs, bringing total operating costs to EUR 44.6 million (8% decrease organically) [8] - The company is making significant progress in deploying advanced IT platforms, including AI capabilities to enhance performance and speed in placements [8] 9M 2025 Key Points - Revenue for the first nine months of 2025 was EUR 917.3 million, down 11% (8% decrease organically) [8] - Gross profit for the first nine months was EUR 165.3 million, down 18% (15% decrease organically) [8] - Underlying EBIT for the first nine months was EUR 26.6 million, down 40% (29% decrease organically) [8] - Free cash flow was negative EUR 13.7 million, compared to positive EUR 36.1 million in the previous year [8] - The company successfully implemented a EUR 20 million cost reduction plan announced in Q2 2024 and an additional EUR 10 million cost reduction plan announced in Q2 2025 [8]

Core Insights - JPX Market Innovation & Research (JPXI) is advancing towards Japan Exchange Group's (JPX) goal of becoming a global finance and information platform, supported by Amazon Web Services (AWS) [1][9] - The development of J-WS, JPX's common infrastructure platform on AWS, aims to enhance operational quality and functionality for JPX Group's data and digital services [2][3] Infrastructure and System Migration - JPXI is migrating the Timely Disclosure Network (TDnet) to J-WS to improve system stability, resilience, and cybersecurity [3][4] - The migration will utilize a multi-layered redundant configuration, enhancing resilience against large-scale disruptions [4] Collaboration and Technological Advancements - JPXI is collaborating with Fujitsu Limited to upgrade TDnet's infrastructure, focusing on performance and processing capacity for disclosure materials [4][5] - A new service using AWS's generative AI is being developed to assist listed companies in preparing disclosure documents [5] Future Plans and Ecosystem Development - JPXI plans to create a dedicated platform for secure connections between JPX's exchanges and listed companies, facilitating information management [5][6] - The aim is to build an ecosystem for collaboration among financial institutions, information vendors, and startups using a common data infrastructure [6] Project Delivery and Data Services - JPXI has rapidly delivered key projects like the Carbon Credit Market System and J-LAKE, an integrated data services platform [7] - J-LAKE consolidates market and alternative data, enabling advanced analysis through AI and machine learning [7] Market Vision and Leadership - JPX's long-term vision 'Target 2030' aims to enhance the appeal of Japan's financial and capital markets [8] - Collaboration with AWS is expected to drive innovation in data and digital initiatives, making Japan's capital markets more efficient and transparent [9]

Financial Data and Key Metrics Changes - Net sales in Q3 2025 reached $128.3 million, a record high, representing a 12% increase from $114.6 million in Q3 2024, or an 11% increase excluding foreign exchange impacts [9] - Gross margin improved by 200 basis points to 73.3%, the highest in 15 quarters, compared to 71.3% a year ago [16] - Operating income increased to $9 million, or 7% of net sales, compared to $5.3 million, or 4.6% of net sales in the prior year [18] - GAAP net income attributable to common shareholders was $5.3 million, or $0.30 per diluted share, compared to $4.3 million, or $0.23 per diluted share in the year-ago quarter [18] - Adjusted EBITDA increased 42% to $15.2 million from $10.7 million in the prior year [19] Business Line Data and Key Metrics Changes - North America sales grew 7% year-over-year to $36.2 million, with digital sales accelerating by 52% [10] - Asia-Pacific net sales grew 17% year-over-year to $64.7 million, or 15% growth on a constant currency basis, driven by strong performance in Japan, China, and Korea [12] - Europe sales increased 13% year-over-year to $22.1 million, or 10% on a constant currency basis, with Central and Eastern Europe showing strong growth [15] Market Data and Key Metrics Changes - In North America, digital business growth was particularly strong, with new digital customers more than doubling year-over-year [10] - In Asia-Pacific, Japan's sales increased by 32%, China's by 36%, and Korea's by 12%, excluding foreign exchange impacts [12] - Europe saw 10% growth in Central Europe and 14% in Eastern Europe, driven by improved product availability and execution from distribution partners [15] Company Strategy and Development Direction - The company aims to strengthen its brand, enhance digital and direct-to-consumer capabilities, and leverage its direct sales network for global growth [5] - Strategic investments over the past two years are yielding improvements across key regions, with a focus on modernizing the business and expanding digital capabilities [8] - The company is optimistic about future growth prospects, expecting continued strong growth in North America and mid-single-digit growth in 2026 [20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to capitalize on market opportunities despite macroeconomic challenges [21] - The CEO emphasized the importance of the company's mission-driven approach and the potential for growth in the natural health sector [5] - The company raised its 2025 guidance for net sales to a range of $476 million to $480 million, reflecting strong Q3 results and improved business momentum [20] Other Important Information - The company has a clean balance sheet with cash and cash equivalents of $95.6 million and zero debt [19] - Inventory decreased to $67.3 million, with plans to rebuild inventory during Q4 to meet strong demand [19] - The company repurchased 1.1 million shares for approximately $14.4 million during the nine months ended September 30, 2025 [19] Q&A Session Summary Question: Insights on North America segment and digital business - Management noted success across multiple digital channels, including Amazon and DTC, with a focus on maintaining low customer acquisition costs [23][24] Question: Performance in APAC, particularly in China - The auto ship program in China has significantly contributed to sales, accounting for over 12% of total sales, aiding in market re-acceleration [27][29] Question: Factors driving growth in Q3 - Growth was attributed to robust digital performance, strong APAC results, and effective cost management, with some revenue timing shifts impacting results [37] Question: Future SG&A expectations - SG&A is expected to be in the range of $46-$47 million for Q4, with flexibility to adjust based on market opportunities and returns on investment [39]

Rockwell Automation hitting an all-time high after better than expected sales growth for fiscal 2026. Earnings and revenue also came in higher than expectations. Rockwell also saying it is dissolving its joint venture with SLB.Joining us now exclusively is Rockwell Automation chairman and CEO Blake Morett. Blake, it's great to have you back on the program. Welcome.>> Great to be here. >> You know, uh, Wall Street really seeming to hone in on your guidance for 2026. What does it signal both about the company ...

Core Viewpoint - Alaris Equity Partners has completed a significant investment of CAN$115.5 million into Optimus SBR Inc. and Optimus SBR Limited Partnership, marking a strategic partnership aimed at enhancing growth and operational capabilities in the management consulting sector [1][4]. Company Overview - Optimus SBR, founded in 2010 and headquartered in Toronto, is recognized as Canada's largest independent management consulting firm, specializing in addressing complex operational, strategic, and technological challenges across various industries including financial services, government, and healthcare [2]. - The firm emphasizes an execution-focused approach and a people-first culture, aiming to deliver measurable results and sustainable growth for its clients [2]. Investment Details - Alaris' investment comprises CAN$85.0 million in preferred equity and CAN$30.5 million in common equity, with the preferred equity yielding an initial annualized distribution of CAN$11.1 million, equating to a pre-tax annualized yield of 13% [4]. - The distribution will adjust annually based on the percentage change in Optimus SBR's annual revenue, with a collar of +/-8% [4]. - The investment is intended to provide liquidity to equity holders and support Optimus SBR's growth initiatives [4]. Strategic Alignment - The partnership aligns with both companies' visions and values, focusing on empowering organizations to navigate challenges related to AI, digital transformation, and regulatory changes [3][5]. - Alaris views Optimus SBR as a highly sought-after asset in the Canadian consulting market, particularly due to its established reputation in the banking industry [5]. Financial Performance and Outlook - Following the investment in Optimus SBR, Alaris has deployed approximately CAN$343.5 million in capital year-to-date, indicating a strong market environment for its investment strategy [6]. - The Trust aims to continue deploying capital into high-quality partners to generate stable cash flows and enhance long-term value for unitholders [6][7].

What Happened? Shares of money transfer company Western Union (NYSE:WU) jumped 8.9% in the morning session after the company unveiled its 'Beyond' strategy and provided a positive medium-term financial outlook at its Investor Day event. The company projected a 20% revenue increase to about $5 billion and a 30% growth in adjusted earnings per share by 2028. This new strategy focused on a digital-first approach to expand its financial services network around the world. The plan involved moving beyond tradi ...

November 6, 2025 ©2025 Western Union Holdings, Inc. All rights reserved. Investor Day 2025 I Western Union Welcome Tom Hadley Vice President of Investor Relations and Corporate Development 2 ©2025 Western Union Holdings, Inc. All rights reserved. Investor Day 2025 I Western Union Agenda Strategic Update Devin McGranahan 02 Digital First Bob Rupczynski 03 Retail Enabled Giovanni Angelini & Massimiliano Alvisini 01 04 Beyond Remittances Sofia Graniello 05 Powered By Next Generation Payments Ben Hawksworth 06 ...

Core Insights - Banijay Group reported a revenue increase of 4.0% to €3,224 million for the first nine months of 2025, with adjusted EBITDA rising by 9.8% to €597 million, reflecting strong performance across its diversified business model [7][12][40]. Financial Performance - Revenue for 9M 2025 reached €3,224 million, up from €3,125 million in 9M 2024, marking a 4.0% increase [12][25]. - Adjusted EBITDA increased to €597 million, a 9.8% rise compared to €546 million in the same period last year, with an adjusted EBITDA margin improvement of 100 basis points to 18.5% [7][40]. - Adjusted net income rose by 9.3% to €271 million, compared to €248 million in 9M 2024 [12][43]. - Adjusted free cash flow reached €465 million, up 6.4% year-on-year, with a conversion rate of 78% [8][44]. Business Segments Banijay Entertainment & Live - Revenue from Banijay Entertainment & Live grew by 1.7% to €2,094 million, driven by live experience activities and a robust pipeline of scripted content [7][25]. - The segment experienced low-single digit organic revenue growth, impacted by the postponement of some deliveries [23][27]. - Live experiences revenue surged by 15.1% to €248 million, reflecting the consolidation of Lotchi and strong performance at Balich Wonder Studio [33][34]. Banijay Gaming - Banijay Gaming's revenue increased by 8.5% to €1,130 million, with a notable 23% growth in Unique Active Players [7][36]. - Online poker revenue saw a significant rise of 32.7%, while online casino revenue grew by 16.4% [38][39]. - The segment's organic revenue growth was around 10%, despite temporary impacts from adverse sports results in September 2025 [23][36]. Strategic Developments - The acquisition of Tipico Group was announced, positioning Banijay as a leader in sports betting in Continental Europe, expected to double revenue and free cash flow at Banijay Gaming [10][17]. - The company continues to focus on digital transformation and AI integration to enhance content distribution and monetization capabilities [13][9]. Outlook - The company confirmed its FY 2025 guidance on adjusted EBITDA growth and free cash flow conversion, while adjusting revenue growth expectations due to adverse sports results and delivery postponements [20][6].

Financial Data and Key Metrics Changes - Net revenue for Q3 2025 was $345 million, an increase of 8% year-over-year, marking the highest third-quarter net revenue in the company's history [4][14] - Comparable growth was 4.1%, indicating healthy underlying client demand and strong operational execution [14] - Gross profit reached $133.4 million, up 8.4% from the previous year, with a gross margin of 38.7%, reflecting product margin gains and improved operational efficiencies [17] - Net income was $12.2 million, growing 23.1% year-over-year, representing approximately 2.9 times earnings leverage on 8% net revenue growth [17] - Adjusted EBITDA was $31.2 million, up 35.2% year-over-year, with an adjusted EBITDA margin of 9.1% [18] Business Line Data and Key Metrics Changes - The fall 2025 collection was noted as the strongest launch in company history, contributing significantly to demand [5] - Upholstery, a core product line, saw exceptional performance, with nearly 70% sourced domestically, providing a competitive advantage [6][7] - Custom orders achieved the highest September total demand in company history, supported by strong reception to newly introduced upholstery collections [7] Market Data and Key Metrics Changes - September marked the highest total demand month in the company's history, with record levels of new product introductions [6] - Demand comparable growth for the quarter was 7.4%, reflecting the strength of the high-end client base [14] - October saw a moderation in demand comparable growth, down 14.8%, largely due to timing effects and promotional calendar shifts [16] Company Strategy and Development Direction - The company remains focused on disciplined profitability growth, innovation, and expanding its showroom footprint [12] - Showroom expansion is a foundational pillar of the long-term strategy, with plans to complete approximately 12-15 total showroom projects in 2025 [24] - The company is investing in technology infrastructure to enhance operational efficiency and improve client experience [25][26] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's outlook despite macroeconomic uncertainties, emphasizing the strength of the brand and high-end client engagement [11][30] - The company anticipates a tariff impact of approximately $12 million for 2025, with expectations of $50-$60 million for 2026 [22][23] - Management highlighted the importance of maintaining quality and design standards while navigating pricing adjustments due to tariffs [46] Other Important Information - The company is committed to sustainability, focusing on responsibly sourced materials and collaboration with skilled artisans [10] - The digital transformation project is underway, with an investment of approximately $30 million planned through 2030 [26] Q&A Session Summary Question: Feedback on the Bath Collection and its impact on future product expansions - Management reported positive initial feedback on the Bath Collection, indicating it will be a staple part of the business and contribute to future growth [31][32] Question: Insights on the average store model evolution and productivity - Management discussed ongoing evolution of store designs to enhance customer experience, with Pasadena showroom serving as a prime example [33][34] Question: Clarification on October's demand decline and underlying trends - Management acknowledged the expected softness in October due to promotional shifts and pull-forward demand from September, emphasizing strong engagement from high-end clients [38][39] Question: Clarification on tariff impact estimates - Management confirmed the $50-$60 million annualized tariff impact is net of mitigation strategies, with ongoing efforts to protect margins through supplier negotiations [44][47] Question: CapEx guidance reduction and future expectations - Management explained the reduction in CapEx guidance was due to delays in technology initiatives and timing of showroom projects, maintaining a focus on showroom expansion [54][55]