With a market cap of $18.8 billion, Principal Financial Group, Inc. (PFG) is a leading global investment management company providing retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients. The company focuses on delivering comprehensive financial solutions through its diverse segments, with a strong emphasis on serving small and medium-sized businesses in the United States. The Des Moines, Iowa-based company is set to release its fiscal Q3 ...

With a market cap of $37.3 billion, The Hartford Insurance Group, Inc. (HIG) provides a wide range of insurance and financial services to individuals and businesses across the United States and internationally. Its operations include property and casualty insurance, employee benefits, and investment management solutions offered through multiple specialized segments. The Hartford, Connecticut-based company is expected to release its fiscal Q3 2025 results after the market closes on Monday, Oct. 27. Ahead o ...

With a market cap of $34.2 billion, Westinghouse Air Brake Technologies Corporation (WAB) is a global provider of technology-based locomotives, equipment, systems, and services for the freight rail and passenger transit industries. The company operates through its Freight and Transit segments, offering advanced propulsion systems, braking equipment, digital solutions, and aftermarket services. The Pittsburgh, Pennsylvania-based is expected to announce its fiscal Q3 2025 results soon. Ahead of this event, ...

Group 1 - The company is preparing for Q4 fiscal year 2025, aiming to align all stakeholders before entering a silent period [1] - There has been a significant 6% devaluation of the U.S. dollar, which is expected to create negative translational headwinds on revenue for the full quarter [2] - The company anticipates that growth excluding foreign exchange effects will exceed nominal growth due to the currency fluctuations [2] Group 2 - The previous outlook for comparable revenue growth was set between 5.5% and 6%, with adjusted EPS expected to range from EUR 2.30 to EUR 2.45 [3] - Q4 is projected to be the strongest quarter in absolute terms, although it is expected to be less loaded compared to the previous year's Q4 [3]

Third Quarter 2025 Conference Call September 25, 2025 ® 2025 H.B. Fuller Title Slide Disclosure ® 2025 H.B. Fuller Third Quarter Highlights Adjusted EBITDA $171M Up 3% YOY Adjusted EBITDA Margin 19.1% Up 110 bps YOY Safe Harbor Statement Certain matters discussed today are forward-looking statements within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements reflect our ...

Core Insights - Adobe's stock increased by approximately 6% following the release of its earnings report, indicating positive market reaction [1] - The company reported an adjusted EPS of $5.31, surpassing the expected EPS of $5.34 [1][3] - Revenue for the quarter was reported at $5.99 billion, exceeding the anticipated $5.91 billion [2] Financial Performance - The Q3 Annual Recurring Revenue (ARR) for Adobe's digital media business, which includes Creative Cloud subscriptions, reached $18.59 billion, slightly above the consensus estimate of $18.56 billion [2] - Guidance for Q4 EPS is projected to be between $5.35 and $5.40, compared to the expected $5.34 [3] - Q4 revenue guidance is also above estimates, ranging from $6.08 billion to $6.13 billion [3] Future Outlook - The full-year 2025 ARR guidance is set at $11.3 billion, which is slightly above the previous outlook of $11 billion [3] - A conference call is scheduled for 5 PM, where further insights from CEO Shantun Orion are anticipated [3]

Financial Data and Key Metrics Changes - Stantec reported net revenue of CAD 1.6 billion for Q2 2025, an increase of 6.9% year-over-year, driven primarily by 4.8% organic growth [7][13] - Adjusted EBITDA grew by 15% with a margin of 17.8%, reflecting a 120 basis point increase compared to the previous year [8][14] - Adjusted EPS increased over 21% to CAD 1.36 compared to Q2 2024 [14] Business Line Data and Key Metrics Changes - The Energy and Resources business experienced high single-digit organic growth, while the Water segment achieved 12.4% organic growth [7][10] - In the U.S., net revenue increased by 5.7%, supported by 4.4% organic growth, with strong demand in mission-critical, science and technology, and civic sectors [8][10] - Canadian net revenue grew by 6.2%, with over 30% organic growth in the Water segment driven by major wastewater projects [10][11] Market Data and Key Metrics Changes - Global business delivered net revenue growth of 10.5% in Q2, with 4.3% organic and 3.6% acquisition growth [10] - The U.S. organic backlog increased by 9.8% year-over-year, indicating strong demand in water, energy, and data centers [20][31] - The UK, Australia, and New Zealand saw double-digit organic growth in the water business due to public sector investments [11] Company Strategy and Development Direction - Stantec aims to increase net revenue growth guidance for 2025 to 10% to 12%, up from the previous 7% to 10% [23] - The company is focused on strong project execution and operational excellence, with plans to continue pursuing acquisitions [27] - Stantec's strategic plan targets a 17% to 18% adjusted EBITDA margin, expected to be achieved a year early [25] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about accelerating organic growth in the U.S. for the second half of the year, despite some caution in the private sector [30][56] - The company noted that macro trends such as aging infrastructure and energy security continue to drive demand [26][90] - Management highlighted the importance of recent funding programs and infrastructure investments as supportive of future growth [89] Other Important Information - Stantec's contract backlog stood at CAD 7.9 billion, reflecting approximately twelve months of work, with year-over-year growth of nearly 10% [19] - The company completed several acquisitions, including Page, which is expected to enhance its capabilities in key growth sectors [5][18] Q&A Session Summary Question: Insights on U.S. Customers' Sentiment - Management noted some initial caution among U.S. customers but expects organic growth to accelerate in the second half of the year, particularly in water and energy sectors [30][31] Question: Integration of Recent Acquisitions - Integration of Ryan Hanley and Cosgrove is progressing well, with Page's integration planned for completion by the end of the year [34] Question: Margin Guidance and Contributors - Adjusted EBITDA margin guidance was increased to 17% to 17.4%, driven by strong project margins and lower administrative costs [41][42] Question: Water Segment Growth Drivers - Continued strength in the water business is attributed to ongoing projects in water treatment and wastewater treatment, with significant demand expected to persist [48][49] Question: U.S. Market Long-term Outlook - Management remains optimistic about the U.S. market, citing ongoing infrastructure investments and the potential for accelerated growth in the coming years [54][58] Question: Impact of Slower Growth on Pricing - No significant pricing pressure has been observed despite slower growth, with management confident in maintaining project margins [120][122] Question: M&A Landscape Update - The M&A environment is becoming increasingly active, with expectations for more assets to come to market in the near future [98]

Core Insights - ESCO Technologies Inc. reported a 27% increase in Q3 sales to $296 million, while GAAP EPS from continuing operations decreased by 13% to $0.96. Adjusted EPS from continuing operations increased by 25% to $1.60 [1][4][5] - The company raised its FY 2025 adjusted EPS guidance to a range of $5.75 to $5.90, reflecting a growth of 21% to 24% [1][10][11] Financial Performance - Q3 2025 sales increased by $62.7 million (27%) compared to Q3 2024, with organic sales (excluding Maritime sales) increasing by $25.6 million (11%) [5][6] - Entered orders surged by 194% to $749 million, resulting in a book-to-bill ratio of 2.53x and a record backlog of $1.17 billion [1][5][7] - Net cash provided by operating activities from continuing operations was $88 million YTD, an increase of $25 million compared to the prior year [5] Segment Performance - Aerospace & Defense (A&D) segment sales increased by $49.1 million (56%) to $136.3 million, driven by a 200% increase in Navy sales [6][29] - Utility Solutions Group (USG) sales increased by $2.1 million (2%) to $92.4 million, with Doble's sales up by 1% and NRG sales up by 8% [12][29] - Test & Measurement segment sales increased by $11.6 million (21%) to $67.7 million, with EBIT and adjusted EBIT increasing to $10.7 million [12][29] Business Outlook - The company expects FY 2025 revenue from continuing operations to be in the range of $1.075 to $1.105 billion, reflecting a 17% to 20% increase over the prior year [10][11] - Q4 adjusted EPS from continuing operations is expected to be in the range of $2.04 to $2.19, representing a growth of 14% to 22% over Q4 2024 [13] Dividend Information - The next quarterly cash dividend of $0.08 per share is scheduled for payment on October 16, 2025, to stockholders of record on October 2, 2025 [14]

Core Insights - Cabot Corporation reported diluted earnings per share (EPS) of $1.86 and adjusted EPS of $1.90 for Q3 FY25, reflecting a slight decrease compared to the previous year [1][4][5] - The company experienced a decline in net sales to $923 million from $1,016 million year-over-year, with net income attributable to Cabot Corporation at $101 million, down from $109 million [3][4][5] - The company reaffirmed its adjusted EPS guidance for fiscal 2025 in the range of $7.15 to $7.50, indicating expectations of earnings growth despite a challenging macroeconomic environment [9] Financial Performance - For Q3 FY25, net sales were $923 million, a decrease of 9% from $1,016 million in Q3 FY24, while net income was $101 million compared to $109 million in the same quarter last year [3][4] - Adjusted EPS for Q3 FY25 was $1.90, down 1% from $1.92 in Q3 FY24, while diluted EPS decreased from $1.94 to $1.86 [4][5] - Operating cash flow was strong at $249 million, with $64 million returned to shareholders through dividends and share repurchases [3][7] Segment Results - The Reinforcement Materials segment reported EBIT of $128 million, down 6% year-over-year, while the Performance Chemicals segment saw a 4% increase in EBIT to $57 million [5][6] - Global volumes for Reinforcement Materials decreased by 8%, with significant declines in Asia Pacific (11%) and the Americas (9%), while Europe, the Middle East, and Africa saw a 4% increase [6][5] - Performance Chemicals experienced an 8% drop in volumes, attributed to lower customer demand due to tariff uncertainties and a weaker macroeconomic environment [6] Cash Flow and Balance Sheet - The company ended Q3 FY25 with a cash balance of $239 million and a net debt to EBITDA ratio of 1.3x, indicating strong balance sheet health [7] - Capital expenditures for the quarter were $61 million, reflecting ongoing investments in operational capabilities [7] Tax and Outlook - The effective tax rate for Q3 FY25 was 28%, with an expected operating tax rate for the fiscal year in the range of 27% to 29% [8] - The company anticipates lower volumes in the second half of FY25 due to ongoing tariff uncertainties but expects to remain within the middle to lower end of its adjusted EPS guidance range [9]

Financial Data and Key Metrics Changes - Organic sales grew by 0.1%, exceeding the outlook of -2% to flat [4][22] - Adjusted EPS was $0.94, which was $0.09 higher than the $0.85 outlook [5][22] - Adjusted gross margin decreased by 40 basis points to 45% [4][22] - Reported revenue was down 0.3% [22] Business Line Data and Key Metrics Changes - U.S. Consumer business organic sales declined by 1%, with volume growth offset by negative price mix [11] - ARM and HAMMER liquid laundry detergent consumption grew by 3.2%, outpacing the category growth of 1.3% [12] - ARM and HAMMER Litter consumption grew by 3.4%, while the category was up 4.1% [13] - TheraBreath consumption grew by 22.5%, despite the mouthwash category being down [14] - HERO outpaced the acne category with consumption growth of 11.4% compared to 1.5% category growth [15] - International business delivered sales growth of 5.3%, with organic growth of 4.8% [17] Market Data and Key Metrics Changes - Online sales as a percentage of global sales reached 23% [7] - Category consumption for the largest categories finished around 2.5% in Q2 [5] - Consumer confidence levels have started to recover after hitting a twelve-year low [6] Company Strategy and Development Direction - The company is focused on a balanced portfolio of value and premium products, with a strong emphasis on innovation [6][7] - Strategic actions include exiting the FLAWLESS, Spin Brush, and WATERPIK showerhead businesses [8] - The company is undertaking a strategic review of its vitamin business, exploring options for divestiture or joint ventures [10][36] Management's Comments on Operating Environment and Future Outlook - The macro environment remains volatile and uncertain, but the company is confident in achieving its full-year organic outlook of 0% to 2% [6][19] - Management noted that category consumption is looking better than three months ago, with brands gaining both dollar and volume share [19][20] - The company expects continued innovation to drive growth in the back half of the year [19][68] Other Important Information - The company closed the acquisition of Touchland, which is experiencing strong growth [7][49] - Cash from operating activities for the first six months was $416.5 million, a decrease of $83 million from last year [25] - The company executed a $300 million share repurchase [25] Q&A Session Summary Question: Can you provide context on the strategic review of the vitamin business? - Management outlined three options: divestiture, joint venture, or restructuring the business for profitability [34][36] Question: What is driving the good consumption trends in the laundry business? - The company is seeing market share performance due to effective pricing and sizing strategies [39][40] Question: Can you quantify the impact of retailer destocking? - The destocking was around a 100 basis point drag in Q2, down from 300 basis points in Q1 [44][45] Question: What are the priorities for the Touchland business post-acquisition? - Touchland is focused on driving category growth and expanding household penetration [49][50] Question: How does the company view the promotional environment? - The promotional landscape is mixed, with litter promotions spiking while laundry promotions remain consistent [82][85] Question: What is the outlook for gross margins? - Gross margins are expected to contract by 60 basis points due to tariffs and inflation, but productivity efforts are ongoing [27][89]