证券日报网讯1月7日，维科精密（301499）在互动平台回答投资者提问时表示，公司始终关注业务发展 机遇，积极探索符合战略方向的增长路径。未来公司将在确保合规经营和风险可控的前提下，科学评估 市场机会。具体业务规划及重大事项请以公司公告为准。 ...

证券日报网讯 12月30日，星环科技在互动平台回答投资者提问时表示，公司正在通过加大研发投入、 提升产品竞争力、加强销售和市场开拓、优化内部管理等措施来推动业务增长和改善盈利状况。公司有 信心随着业务发展和规模效应的显现，未来能够实现盈利。公司港股上市计划还在推进中，进展情况请 参阅公司发布的公告。 ...

格隆汇12月19日丨顺丰控股(002352.SZ)公布，公司2025年11月速运物流业务、供应链及国际业务合计 收入为人民币271.73亿元，同比增长7.85%。其中速运物流业务收入同比增长9.88%，业务量同比增长 20.13%。公司坚持可持续健康发展的经营基调，推进激活经营进阶机制，以高品质服务和稳定运营交 付，保障客户电商促销旺季的寄递需求，推动业务高质量增长。 ...

顺丰控股（002352）(002352.SZ)披露2025年11月快递物流业务经营简报，公司2025年11月速运物流业 务、供应链及国际业务合计收入为271.73亿元，同比增长7.85%。 公告称，速运物流业务收入同比增长9.88%，业务量同比增长20.13%。公司坚持可持续健康发展的经营 基调，推进激活经营进阶机制，以高品质服务和稳定运营交付，保障客户电商促销旺季的寄递需求，推 动业务高质量增长。 其中，速运物流业务营业收入206.6亿元，同比增长9.88%;业务量15.34亿票，同比增长20.13%。供应链 及国际业务营业收入65.13亿元，同比增长1.86%。 ...

I N V E S T O R U P D A T E | D E C E M B E R 1 1 , 2 0 2 5 Agenda Welcome and Agenda Built to Win & Built to Last Lori Flees, President & Chief Executive Officer Operational Excellence Linne Fulcher, Chief Operating Officer Break Franchise Advantage & Growth Drivers Adam Worsham, Chief Franchising Officer Clear Roadmap to Accelerating Growth and Driving Performance Kevin Willis, Chief Financial Officer Q&A 2 Safe Harbor Forward-Looking Statements Certain statements herein, other than statements of historic ...

Cogent Communications Conference Call Summary Company Overview - **Company**: Cogent Communications (NasdaqGS:CCOI) - **Date**: December 09, 2025 Key Points Dividend Reduction - Cogent reduced its dividend by 98% to $0.02 per share due to increased leverage from the Sprint acquisition and negative revenue growth from that business [2][3] - The company had grown its dividend for 52 consecutive quarters prior to this reduction [2] Financial Performance - EBITDA has grown for nine consecutive quarters post-Sprint acquisition, despite a 2.4% average decline in top-line revenue [3][4] - EBITDA margin improved from approximately 1% post-acquisition to 20%, with potential to reach 30% when including T-Mobile subsidy payments [4] - Capital expenditures (CapEx) decreased by $20 million sequentially, stabilizing around $100 million annually [4] Wavelength Revenue Growth - Wavelength revenue, which constitutes about 4% of total revenues, grew 93% year-over-year and 14% sequentially [4][5] - Investors expected a faster growth rate in wavelength revenue [5] Deleveraging Strategies - Cogent plans to improve its leverage profile through EBITDA growth and divesting surplus assets, including 24 identified data centers [6][9] - The company has a total of 186 data centers and aims to monetize excess fiber and IP address space [9][11] - Cogent owns approximately 38 million IPv4 addresses, with a leasing income projected to increase from $12 million in 2022 to over $70 million by the end of 2025 [12] Market Position and Sales Strategy - The company has seen a shift in its sales mix, with 79% of sales being 100 gig wavelengths, compared to the market average of 40% [22] - Cogent's average revenue per user (ARPU) for wavelengths is around $2,000, with potential increases as the mix shifts towards higher capacity waves [25] Legacy Business Performance - The legacy Cogent business accounts for 70% of revenue, with the Netcentric segment growing at about 8% year-over-year [26][27] - The acquired Sprint business is declining at approximately 24% year-over-year, primarily affecting off-net corporate segments [29][30] Investor Misunderstandings - Investors may misunderstand the complexity of accounting related to the Sprint acquisition and the distinction between revenue growth from acquired versus organically growing customer bases [31][32] - The wavelength business is new for Cogent, and growth may not be as rapid as anticipated due to the broader market dynamics [32] Additional Insights - The company has paused its buyback program to avoid signaling that all capital is being used for buybacks instead of dividends [3] - There is a significant surplus of dark fiber and IP addresses that Cogent plans to monetize, with ongoing negotiations for sales and leases [10][12] - The company is exploring wholesale agreements for IP addresses to accelerate revenue generation [14][18] This summary encapsulates the key discussions and insights from the Cogent Communications conference call, highlighting the company's financial strategies, market positioning, and growth opportunities.

必和必拓首席执行官Mike Henry在声明中表示，该协议"使必和必拓能够获得资金，并保持其在铁矿石 业务中能源网络的运营和战略控制权"。这家位于珀斯的矿业公司将全面掌控该系统，该系统包括亚尼 马燃气发电站以及超过 400 公里(249 英里)的输电线路和变电站。 必和必拓以及诸如力拓(RIO.US)等其他大型矿业公司正试图出售部分基础设施资产以获取现金，因为它 们正为加大投资以促进增长做准备。 （原标题：必和必拓(BHP.US)以20亿美元出售关键电力资产 为铜等增长业务备足资金） 智通财经APP获悉，必和必拓(BHP.US)将出售其在一家电力网络公司中 85%的股份。该电力网络为位于 西澳大利亚皮尔巴拉地区的其大型铁矿石开采业务提供电力供应，此次出售将以 20 亿美元的价格转让 给贝莱德公司旗下的全球基础设施合作伙伴有限合伙企业(GIP)。 GIP 将获得西部澳大利亚铁矿内陆电力网络 49%的股权，而这家矿业公司还需在 25 年内按照其持股比 例支付相关费用。该交易达成之际，这家矿业巨头正寻求释放资金，以在核心铁矿石业务之外寻求增长 机会，尤其是进军铜业领域。 这家澳大利亚大型铁矿石企业早在 8 月份就曾 ...

Financial Data and Key Metrics Changes - The company reported a book-to-bill ratio of 1.13 times in Q3, indicating a recovery from Q2 [3] - The management highlighted a significant improvement in cash flow and a reduction in debt, having paid down approximately $77 million of senior secured notes [38][39] Business Line Data and Key Metrics Changes - The company has seen an increase in RFP volumes, particularly from new clients across various phases of clinical trials, including small biotech and large pharma [5][6] - The phase one business has continued to grow, contributing positively to the overall performance [50] Market Data and Key Metrics Changes - The biotech funding environment is showing signs of improvement, although it has not yet returned to the levels seen in 2018 and 2019 [12] - The company has not experienced significant cancellations, maintaining a consistent cancellation rate in line with historical norms [85][86] Company Strategy and Development Direction - The company is focusing on operational excellence, project management, and financial discipline to enhance profitability and growth [20][21] - A bespoke go-to-market strategy is being implemented to better serve biotech clients, emphasizing the right resource allocation and project-level profitability [10][11][72] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about the market, noting a return to growth and improved customer sentiment following a leadership transition [2][3] - The company is committed to continuous improvement in project management and operational efficiency, with a focus on long-term growth [20][21][72] Other Important Information - The company has set a revenue guidance of $2.7-$2.75 billion for the year, with a focus on maintaining margins despite the impact of pass-throughs [58][60] - Cost-saving initiatives are on track, with a target of $150 million in gross savings, of which a portion is being reinvested in employee development [52][53] Q&A Session Summary Question: How does the company view the current debt situation? - The company has focused on debt repayment since the spin-off, successfully reducing debt by approximately 30% and continuing to prioritize debt pay down alongside targeted investments for growth [38][39][44] Question: What is the company's approach to pricing in the competitive landscape? - The company has chosen not to engage in aggressive pricing strategies, focusing instead on maintaining healthy margins and project profitability [30][31][32] Question: How does the company plan to manage operational changes moving forward? - Management emphasized the importance of project-level profitability and the need for the right systems and processes to manage projects effectively [72][73][74] Question: What is the outlook for cancellations in the industry? - The company has maintained a consistent cancellation rate, with no significant deviations from historical norms, unlike some competitors facing higher cancellation rates due to specific market exposures [85][86] Question: How is the company responding to the evolving pharma landscape? - Management noted a shift in customer willingness to move forward with trials, indicating a more stable operating environment following recent policy changes [87][89]

Core Insights - Maximus, Inc. (MMS) reported disappointing fourth-quarter fiscal 2025 results, with both earnings and revenues falling short of the Zacks Consensus Estimate, yet the stock rose 5.6% post-earnings release on Nov. 20 [1][8] - Adjusted earnings per share were $1.62, missing estimates by 0.6% but showing an 11% year-over-year increase. Revenues reached $1.32 billion, missing the consensus by 1.5% but increasing 0.19% year over year [1][8] Segmental Performance - The U.S. Federal Services segment generated revenues of $747.9 million, up 10.8% year over year, exceeding the estimate of $737.9 million [2] - The Outside the U.S. segment reported revenues of $141.2 million, down 20.3% year over year, but surpassed the anticipated $110.7 million [2] - The U.S. Services segment's revenues were $429.3 million, a decline of 7.4% year over year, falling short of the estimate of $474.2 million [2] Sales and Pipeline - Year-to-date signed contract awards totaled $4.7 billion as of Sept. 30, 2025, with pending contracts amounting to $331 million [3] - The sales pipeline stood at $51.3 billion, including $3.37 billion in pending proposals, $1.37 billion in proposals in preparation, and $46.6 billion in tracking opportunities [3] - The book-to-bill ratio was 0.9 on a trailing 12-month basis [3] Operating Performance - Operating income was $122.86 million, reflecting a 9.9% year-over-year increase, but below the expected adjusted operating income of $148.4 million, which was down 10.1% year over year [4] - The adjusted operating income margin improved to 9.32%, an increase of 82 basis points year over year [4] Financial Position - Maximus ended the quarter with cash and cash equivalents of $222 million, up from $59.8 million in the previous quarter [5] - The company generated $429 million in cash from operations, with free cash flow reported at $366 million [5] Fiscal 2026 Guidance - For fiscal 2026, total revenues are expected to range between $5.225 billion and $5.425 billion, below the Zacks Consensus Estimate of $5.61 billion [6] - Adjusted earnings are anticipated to be between $7.95 and $8.25 per share, exceeding the current consensus estimate of $7.34 [6] - The company projects an adjusted EBITDA margin of approximately 13.6-13.7% [6] - Free cash flow is expected to be between $450 million and $500 million, with interest expenses around $69 million and an effective income tax rate of approximately 25% [7]

ConversationNiina Ala-LuopaInterim Head of Investor Relations Good afternoon, and welcome to Vaisala's Virtual Investor Event. I am Niina Ala-Luopa, and I am from Vaisala's Investor Relations. We have 4 speakers and presentations today. First, President and CEO, Kai Oistamo, will give an overview of Vaisala's strategy and how the company is driving growth in a changing market. After that, Jarkko Sairanen will talk about Industrial Measurements business and strategic priorities that we have in that business. ...