Financial Data and Key Metrics Changes - For the first half of fiscal year 2026, consolidated revenue increased by $40 million to $1.3 billion, driven by higher third-party tobacco processing volumes and increased sales volumes in the ingredients operations segment [8][9] - Operating income rose by $16 million to $101 million, primarily due to a favorable product mix in the tobacco operations segment [8] - In the second quarter, consolidated revenue was up $43 million to $754 million, with operating income decreasing by $1 million to $68 million due to unfavorable foreign currency comparisons and higher inventory write-downs [10][11] Business Line Data and Key Metrics Changes - Tobacco operations segment revenue rose by $29 million on a 3% increase in tobacco sales volumes, but segment operating income declined by $12 million due to unfavorable foreign currency comparisons and higher inventory write-downs [10][11] - Ingredients operations segment revenue increased by 11% on higher sales volumes, but operating income was lower due to a less favorable product mix and higher fixed costs [9][11] Market Data and Key Metrics Changes - Uncommitted inventory levels in the tobacco segment decreased to 13%, down from 20% in the previous quarter, indicating effective management of inventory amidst larger crop sizes [20][34] - Worldwide estimated unsold flue-cured tobacco early stocks were at 101 million kilos as of September 30, up 76 million kilos from June 30, attributed to large crops [41][42] Company Strategy and Development Direction - The company is focused on maximizing and optimizing its tobacco business while navigating expected oversupply conditions later in the fiscal year [12] - The ingredients segment is positioned for growth, with an emphasis on expanding production capabilities and customer engagement [6][12] - Sustainability efforts are being prioritized, with investments in renewable energy and operational efficiency to create long-term value [14][15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating the challenges posed by the consumer packaged goods industry and tariff uncertainties, while maintaining a positive outlook for the second half of the fiscal year [19][28] - The company is committed to driving organic growth and delivering customized solutions to customers, despite the mixed market conditions [12][28] Other Important Information - Interest expense decreased by $4 million year over year, reflecting efforts to reduce leverage [9][40] - The company has approximately $340 million available under its revolving credit facility as of September 30 [9] Q&A Session Summary Question: Regarding the ingredients segment, what is the current utilization at Lancaster and the expected improvement in fixed cost absorption? - Management indicated that they are off to a good start with revenue growth and are focused on converting customer interest into product sales, which will help cover fixed costs over time [18][19] Question: How confident is management about pricing discipline and margins in the tobacco segment with larger crops and softer pricing? - Management expressed comfort with current pricing and demand, noting that while green pricing has softened in some markets, overall demand remains firm [20] Question: What factors contributed to the loss in the ingredients segment during the second quarter? - Management acknowledged that various factors, including market conditions and customer challenges, impacted the pace of conversion and overall performance [28] Question: What is the anticipated uncommitted inventory level for the full year? - Management expects to stay within the comfort range for uncommitted inventory, emphasizing effective communication with customers to ensure timely shipments [35][39]

Financial Performance - The company's cash and restricted cash totaled $268.4 million as of September 30, 2025 [7] - Total debt obligations amounted to $530 million [8] - Net income for the three months ended September 30, 2025, was $5538 million, compared to $943 million for the same period in 2024 [23] - Net cash provided by operating activities was $4641 million, compared to $5733 million in the previous year [23] Fleet Operations - Helios Pool TCE was $53119 per available day [9] - Fleet OpEx (excluding drydock) was $9474 per calendar day [9] - The Helios LPG Pool includes 30 vessels, with 27 from Dorian LPG [10] Market Dynamics - Global seaborne volumes increased by 1% quarter-over-quarter and 4% year-over-year [16] - U S waterborne exports increased by 1% quarter-over-quarter and 4% year-over-year [18] - Middle East waterborne exports increased by 4% quarter-over-quarter and 2% year-over-year [18] Environmental Initiatives - Scrubber vessel daily savings were $1140 per calendar day net of OPEX [22] - The company operates 16 scrubber-fitted vessels and five dual-fuel LPG vessels [22]

Core Viewpoint - Scandium Canada Ltd. is advancing the commercialization of its patent-pending Aluminum-Scandium alloys through strategic partnerships and research, particularly with Gränges Powder Metallurgy, to meet the growing demand for high-performance lightweight materials in various industries [1][2][3]. Group 1: Partnership and Collaboration - The company has signed a Memorandum of Understanding (MOU) with Gränges Powder Metallurgy to explore the integration of Scandium Canada's proprietary alloys into GPM's product offerings [2]. - Scandium Canada has received support from Canada's Industrial Research Assistance Program (IRAP) to collaborate with experts from the National Research Council of Canada, focusing on identifying new commercial applications for its alloys [5]. Group 2: Product Development and Applications - Scandium Canada's proprietary alloys are designed to meet the needs for printable, high-strength, and lightweight metals in sectors such as aerospace, automotive, and advanced manufacturing [3]. - A report from Productique Quebec identified 13 target applications for Scandium Canada's Aluminum-Scandium alloys, including welding wires, aircraft ducting, and heat exchangers, which are linked to specific commercial stakeholders [4]. Group 3: Intellectual Property and Market Position - The company has filed a new international patent application for its proprietary alloys and their fabrication methods, enhancing its intellectual property portfolio and positioning for global commercial applications [6]. - Scandium Canada aims to become a market leader in scandium by leveraging its alloy development and the Crater Lake mining project to meet the demand for high-performance materials [10].

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]

Financial Performance & Shareholder Returns - The company had approximately $16 billion in liquidity as of September 30, 2025[14] - Year-to-date free cash flow was $192 million[15] - $240 million was returned to shareholders year-to-date in 2025, including $46 million in 3Q 2025[16] - The company maintains low leverage of 10x[16] - A $550 million board-authorized share repurchase program is in place[16] Production & Operations - Total production for 3Q 2025 was 200 MBOEPD, including 94 MBOPD of oil[7, 20, 23, 24] - 3Q 2025 production breakdown: US Onshore 25%, Offshore 34%, and Canada Onshore 41%[7, 23] - Eagle Ford Shale wells online in 3Q showed a 50% increase in 2-month cumulative oil production compared to prior years[20] - The company completed a Gulf of America workover program, reducing total company LOE to $939/BOE[20] Exploration & Development - The company spudded the Hai Su Vang-2X appraisal well on October 2[20] - The Lac Da Vang platform jacket installation progressed ahead of schedule[20] - Preparations were finalized to spud the Civette exploration well in Côte d'Ivoire in 4Q[20] Reserves - 2024 proved reserves totaled 713 MMBOE[7, 111] - 2024 proved reserves by area: US Onshore 24%, Offshore 22%, and Canada Onshore 54%[7, 111]

Core Insights - Boeing will showcase its commercial, defense, and services portfolio at the Dubai Airshow 2025, emphasizing its long-standing commitment to the Middle East market [2][17] - The company has experienced record orders in the region, driven by new airplane orders and expanding defense collaborations [2][17] Group 1: Partnerships and Growth - Boeing highlights its partnerships with airlines and governments in the Middle East, contributing to the growth of the aerospace sector [2] - The company aims to celebrate achievements and reaffirm its commitment to national visions during the Airshow [2] - Boeing is a strategic sponsor of the Aerospace 2050 and Aviation Mobility conferences, focusing on innovation, collaboration, and sustainability [2] Group 2: Exhibits and Technology - The Boeing exhibit will feature immersive displays, including a full-size 777X interior section and an F-15EX cockpit simulator [3][4] - The exhibit will also showcase services for government and commercial customers, including parts, modifications, and digital services [4] Group 3: Aircraft Displays - Boeing's 777-9 flight test airplane will be featured in both flying and static displays, showcasing advancements in commercial aviation [5] - A range of commercial and defense aircraft will be on display, including the 777-300ER, 737 MAX, F-15 Eagle, and CH-47 Chinook [5][6] Group 4: Conference Engagements - Boeing leaders will participate in various panel discussions at the Airshow, covering topics such as MRO, sustainability, and advanced air mobility [7][8] - The company will host media briefings and aircraft tours, providing insights into its products and market outlook [9][10][13]

Core Points - Edible Garden AG Incorporated supports a community initiative led by Chef JJ Johnson to provide free meals to those affected by the loss of SNAP benefits in Harlem [1][2][3] - The initiative aims to serve 100 free meals per day to individuals in need, reflecting a commitment to food justice and sustainability [2][3] - Chef JJ Johnson emphasizes the importance of local restaurants in providing meals during government shutdowns, reinforcing community support [3] Company Overview - Edible Garden is a leader in controlled environment agriculture (CEA), focusing on locally grown, organic, and sustainable produce [1][7] - The company operates advanced greenhouses and processing facilities, with a presence in over 5,000 retail locations across the U.S., Caribbean, and South America [7] - Edible Garden utilizes innovative farming technologies, including patented GreenThumb software and Self-Watering displays, to enhance sustainability and reduce food miles [8][9] Chef JJ Johnson's Profile - Chef JJ Johnson is an award-winning chef known for his Caribbean-inspired cuisine and has received multiple accolades, including a James Beard Foundation Book Award [4] - He is the founder of FIELDTRIP, a restaurant that emphasizes rice as a key ingredient and focuses on sustainable and ethically sourced food [4][5] - Johnson is also involved in various community initiatives and organizations advocating for food justice and equity [6]

Protesters of fast fashion giant Shien rallying inside its first brickandmortar store. Demonstrators in Paris outraged over the controversial brand setting up shop in the fashion capital of the world. Some dragged out by police.Shien, which was founded in China in 2012 and is now based in Singapore, is commonly criticized by human rights and sustainability advocates for its labor practices and environmental impact, reportedly adding thousands of new items to its site each day. things like dresses often sold ...

Financial Performance - Melco's Total Operating Revenues increased by 114% to $1310 million in 3Q'25, compared to $1175 million in 3Q'24[23] - Gaming revenue increased by 124% to $1061 million in 3Q'25, compared to $944 million in 3Q'24[23] - Non-Gaming revenue increased by 75% to $248 million in 3Q'25, compared to $231 million in 3Q'24[23] - Net Income increased significantly by 3890% to $62 million in 3Q'25, compared to $13 million in 3Q'24[23] - Adjusted Property EBITDA increased by 179% to $380 million in 3Q'25, compared to $323 million in 3Q'24[23] - Adjusted EBITDA increased by 163% to $352 million in 3Q'25, compared to $303 million in 3Q'24[23] Operational Highlights - City of Dreams Sri Lanka officially opened on August 1, 2025, featuring approximately 800 hotel rooms and 118 gaming tables and 250 gaming machines as of the end of third quarter 2025[8, 22] - City of Dreams Macau recorded Adjusted EBITDA of $207 million in 3Q'25[28] - Studio City recorded Adjusted EBITDA of $105 million in 3Q'25[32] - City of Dreams Mediterranean and Other recorded Adjusted EBITDA of $23 million in 3Q'25[45] Liquidity and Capital Management - As of September 30, 2025, Melco Group had total liquidity of $2598 million, including $1607 million in cash and cash equivalents[50] - Approximately $41 billion has been returned to shareholders from 2016 through 2025 YTD in the form of dividends and share repurchases[56, 58]

Core Insights - Aspen Aerogels, Inc. has updated its full-year 2025 outlook to reflect lower near-term electric vehicle (EV) production in North America, with anticipated revenue between $270 million and $280 million, down from a previous estimate of $297 million to $317 million [7] - The company reported a total revenue of $73.0 million for Q3 2025, a decrease of 6% compared to Q2 2025 and a significant drop from $117.3 million in Q3 2024 [2][8] - Aspen's net loss for Q3 2025 was $6.3 million, an improvement from a net loss of $13.0 million in Q3 2024, with adjusted net loss per share of $0.06 after accounting for restructuring and impairment charges [3][8] Financial Performance - Adjusted EBITDA for Q3 2025 was $6.3 million, down from $25.4 million in Q3 2024, indicating a decline in operational profitability [4][8] - The company ended Q3 2025 with cash and equivalents of $152.4 million and generated $15 million in operating cash flow, reflecting ongoing working capital optimization initiatives [8] - Gross margins for Q3 2025 were reported at 28.5%, a decrease of four percentage points from the previous quarter [8] Business Developments - Aspen has received a PyroThin® Thermal Barrier contract from a major European OEM, with production expected to start in 2027, showcasing the company's technology leadership and growth opportunities [1][8] - The company anticipates a strong performance in its Energy Industrial business in 2026 as project activity normalizes, alongside revenue opportunities from diversification into adjacent markets [6][8] - The U.S. EV market has presented challenges, but the company aims to rebuild growth in its Thermal Barrier business as the market stabilizes [5][8]