Key Takeaways APOG posted Q3 adjusted EPS of $1.02, missing estimates, with revenue of $349M also below expectations.Apogee saw Performance Surfaces revenue jump 59.6% from UW Solutions, offsetting weaker volumes elsewhere.APOG lowered FY26 revenue and adjusted EPS guidance, citing 30 cents of tariff-related headwinds.Apogee Enterprises, Inc. (APOG) reported adjusted earnings per share (EPS) of $1.02 for third-quarter fiscal 2026, missing the Zacks Consensus Estimate of $1.03 per share. The bottom line decr ...

Key Takeaways SYM posted Q4 EPS of 53 cents, beating estimates and rising sharply from 5 cents a year earlier. Revenues grew year over year to $618.5M, with a $22.5B backlog boosted by Medline and project pricing. SYM faces valuation, momentum and customer concentration risks despite solid free cash flow and margins. Symbotic (SYM) reported fourth-quarter fiscal 2025 (ended Sept. 30, 2025) results on Nov. 24, after market close. The company, which is a key player in the Zacks Technology Services industry, r ...

Core Insights - Subsea 7 S.A. reported strong financial results for Q3 2025, with significant growth in Adjusted EBITDA and a record backlog, indicating robust operational performance and future revenue potential [1][5][6]. Financial Performance - Revenue for Q3 2025 was $1.84 billion, slightly up from $1.83 billion in Q3 2024 [3]. - Adjusted EBITDA reached $407 million, a 27% increase year-on-year, with an Adjusted EBITDA margin of 22%, up from 18% in Q3 2024 [3][5][11]. - Net income for Q3 2025 was $109 million, compared to $98 million in the same period last year [3][11]. - The company’s backlog at the end of September 2025 was $13.9 billion, with a book-to-bill ratio of 2.1 times for the quarter [3][13]. Operational Highlights - The company maintained high vessel utilization rates across various global projects, including significant activities in Norway and Brazil [9][10]. - In the Renewables sector, the company successfully completed the installation of monopiles at Dogger Bank C in the UK, showcasing its operational capabilities despite market challenges [10]. Future Outlook - Full-year 2025 revenue is projected to be between $6.9 billion and $7.1 billion, with Adjusted EBITDA margins expected to range from 20% to 21% [5][14]. - The company anticipates continued positive momentum supported by a strong backlog and active tendering for future projects [8][14].

Core Insights - Bird Construction's combined Backlog and Pending Backlog exceeded $10.0 billion as of September 30, 2025, driven by sustained demand in key strategic sectors and a strong track record in complex projects [1][2] - The company achieved a record Backlog of over $5.0 billion in Q3 2025, with additional contracted work of over $1.3 billion [2][8] - Economic uncertainty impacted revenue growth, which increased modestly by 5.8% year-over-year, attributed to delays in self-perform Industrial work and certain contracted projects [2][6] Financial Performance - Q3 2025 construction revenue was $951.4 million, a 5.8% increase from $898.9 million in Q3 2024 [5][6] - Net income for Q3 2025 was $31.7 million, down from $36.2 million in Q3 2024, with earnings per share at $0.57 compared to $0.66 [6][7] - Year-to-date construction revenue for 2025 reached $2,519.8 million, compared to $2,460.7 million in 2024 [6][8] Backlog and Future Outlook - The company's Backlog grew to $5.0 billion, with Pending Backlog also at $5.0 billion, including over $700 million in recurring revenue from master service agreements [2][8] - Bird's liquidity position remains strong with $113.9 million in cash and $281.7 million available under its credit facility [8] - The acquisition of Fraser River Pile & Dredge for $82.3 million enhances Bird's capabilities in marine construction and positions the company for nation-building infrastructure projects [2][8] Strategic Initiatives - Bird was selected as the Preferred Proponent for the Peel Memorial Hospital Phase 2 Redevelopment project, indicating ongoing engagement in significant infrastructure initiatives [8] - The company continues to focus on expanding its self-perform capabilities and pursuing strategic acquisitions to diversify its service offerings [2][8]

Group 1 - The article does not provide any specific information or data regarding companies or industries [1]

Core Insights - Matrix Service Company reported improved first-quarter results for fiscal 2026, driven by disciplined execution across its Storage & Terminal Solutions and Utility & Power Infrastructure segments [2][4] - The company has a robust opportunity pipeline of $6.7 billion and secured over $187 million in new awards during the quarter, indicating strong demand in the specialty engineering and construction sector [3][9] - The company reaffirmed its full-year revenue guidance, expecting revenue between $875 million and $925 million, representing a 14% to 20% increase compared to fiscal 2025 [19][20] Financial Summary - First-quarter fiscal 2026 revenue was $211.9 million, a 28% increase from $165.6 million in the same period of fiscal 2025 [5][9] - Gross margin improved to $14.2 million (6.7%) compared to $7.8 million (4.7%) in the prior year, attributed to better project execution and increased revenue volumes [6][9] - The company reported a net loss of $3.7 million ($0.13 per share), an improvement from a net loss of $9.2 million ($0.33 per share) in the first quarter of fiscal 2025 [8][9] Segment Performance - The Storage and Terminal Solutions segment saw revenue increase by 40% to $109.5 million, driven by higher work volumes for LNG storage and specialty vessel projects [10] - The Utility and Power Infrastructure segment's revenue rose by 33% to $74.5 million, benefiting from increased work in power delivery and natural gas projects [11] - The Process and Industrial Facilities segment experienced a revenue decline to $27.9 million, primarily due to lower volumes in thermal vacuum chamber projects [12] Backlog and Awards - The total backlog as of September 30, 2025, was $1.2 billion, with project awards totaling $187.8 million for the quarter, resulting in a book-to-bill ratio of 0.9x [13][9] - The Storage and Terminal Solutions segment had a book-to-bill ratio of 1.2x, indicating strong demand and project activity [13][9] Financial Position - As of September 30, 2025, the company had total liquidity of $248.9 million, with no outstanding debt [15][9] - The company reported a total of $192.3 million in unrestricted cash and cash equivalents [15] Guidance - The company reaffirmed its revenue guidance for fiscal year 2026, expecting revenue between $875 million and $925 million, reflecting a significant increase from the previous fiscal year [19][20]

Financial Data and Key Metrics Changes - Gibraltar Industries reported a 13% adjusted net sales growth for Q3 2025, with adjusted EPS and operating income slightly below the prior year, down less than 1% [4][5] - Adjusted EBITDA was flat compared to the prior year, while cash from operations increased by 39% to $57 million, and free cash flow reached $49 million, representing 16% of sales [5][13] Business Segment Data and Key Metrics Changes - The residential segment saw adjusted net sales increase by $20.5 million or 9.8%, driven by metal roofing acquisitions and growth in building accessories [7] - Agtech net sales grew by $16.1 million or 38.8%, primarily due to the acquisition of Lane Supply, despite delays in a larger Controlled Environment Agriculture (CEA) project [13][15] - Infrastructure net sales decreased by $0.1 million or less than 1% due to a supplier transition, with backlog decreasing by 2% [20] Market Data and Key Metrics Changes - The U.S. roofing market experienced a 10% decline in shingle shipments for Q3, with significant drops in key states like Texas [10][11] - Retail point of sale results were down approximately 4.5%, indicating a challenging market environment [10] Company Strategy and Development Direction - The company is focused on portfolio management, targeting the completion of the renewables business sale by year-end and pursuing additional M&A opportunities in the building products segment [6][22] - Gibraltar aims to enhance its operational systems and expand its presence in residential and structured businesses to drive improved performance [28][60] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating a sluggish residential market and highlighted the importance of backlog and bookings in agtech for future growth [26][28] - The company anticipates a gradual recovery in residential markets and expects to see improved margins as market conditions stabilize [75][76] Other Important Information - The company maintains a strong balance sheet with $89 million in cash and $394 million available on its revolver, remaining debt-free [21][22] - Capital allocation priorities for 2025 include investing in organic growth and exploring inorganic growth opportunities [22][23] Q&A Session Summary Question: Guidance for the year and lower EBITDA margin - Management indicated that lower EBITDA margins are primarily related to lower volume in the Agtech segment and business mix impacts in residential [30][33] Question: Details on new customer wins in Agtech - Management noted a variety of new customers and projects, with expectations of moving towards 15% operating income and higher EBITDA margins in the near term [36][37] Question: Outlook for mail and package business - The company expects growth to be driven by new construction starts, which have been slow but are anticipated to improve as interest rates stabilize [53][54] Question: Trends in residential segment margins - Management acknowledged that margins have been impacted by market conditions and integration costs but expects improvements as the market stabilizes [72][75] Question: M&A pipeline for residential - The M&A pipeline is robust, focusing on core building accessories and metal roofing, with management engaged in several interesting opportunities [78][80]

Then there's speaking to Dow names Boeing moving lower in the pre-market after the company posted a wider than expected loss though revenue did exceed consensus. Let's get to Phil Leau who is with Kelly Orberg this morning. Morning Phil. >> Good morning Carl.Kelly, thanks for joining us today. Um I think the most interesting question that people have is going to be the question of this charge of $4.9% billion uh when it comes to the trip 7X. And it's a little more than I think some analysts expected, but it ...

Core Insights - GE Vernova Inc. reported third-quarter revenue of $9.97 billion, exceeding analyst expectations of $9.16 billion, representing a 12% year-over-year increase, but adjusted earnings per share were $1.64, below the expected $1.86 [1][2] Revenue and Earnings - The company reaffirmed its 2025 full-year revenue outlook, expecting to reach the upper end of its $36–$37 billion range, slightly below the $37.15 billion consensus [2] - Orders surged 55% organically to $14.6 billion, driven by strong demand in the Power and Electrification segments [2] Backlog and Orders - The backlog increased by $6.6 billion sequentially, with Gas Power equipment reservations rising from 55 to 62 gigawatts [2] - By segment, Power orders rose 50% organically to $7.8 billion, with revenue up 15% to $4.8 billion [3] - Wind orders increased 4% to $1.8 billion, although revenue fell 8% to $2.6 billion [3] - The Electrification unit saw orders more than double to $5.1 billion, while revenue advanced 35% to $2.6 billion [3]

Core Insights - Velan Inc. reported financial results for the second quarter ended August 31, 2025, showing a positive operating income despite challenges from order rescheduling and tariff impacts [5][6][28]. Financial Performance - Sales for the second quarter were $67.6 million, down 13.0% from $77.7 million in the previous year, primarily due to over $12 million in rescheduled orders and tariff disruptions [6][13]. - Gross profit decreased to $15.7 million, representing a gross margin of 23.2%, compared to $20.0 million and 25.7% in the prior year [6][14]. - Operating income was $0.4 million, a recovery from an operating loss of $0.3 million a year ago [6][17]. - The net loss from continuing operations was $1.7 million, or $0.08 per share, compared to a net loss of $1.2 million, or $0.05 per share, in the previous year [6][17]. - Adjusted EBITDA from continuing operations was $3.4 million, down from $6.7 million a year ago, reflecting lower gross profit [6][16]. Backlog and Bookings - The backlog as of August 31, 2025, stood at $285.8 million, up 4.0% from $274.9 million at the beginning of the fiscal year, with 88.3% expected to be deliverable within the next 12 months [9][10][28]. - Bookings for the second quarter were $65.2 million, down from $88.4 million in the same quarter last year, attributed to lower demand in North America and Germany [11][12]. Financial Position - As of August 31, 2025, the company had a net cash position of $29.5 million, down from $32.4 million at the beginning of the fiscal year, with total liquidity of approximately $96 million available for investments [6][27]. - The company incurred restructuring expenses of $0.7 million in the second quarter, significantly lower than $4.5 million in the previous year [15][23]. Strategic Developments - The company successfully delivered its first order from a new joint venture in Saudi Arabia, enhancing its presence in the Middle East market [5]. - Following the resolution of asbestos-related liabilities and the sale of French assets, the company is exploring capital structure options to support growth and maximize shareholder value [5][30]. Dividend Declaration - On October 9, 2025, the Board of Directors declared a dividend of CA$0.10 per common share, payable on November 27, 2025 [29].