PresentationRichard TaconCEO & Executive Director Hi, everyone. Thanks for joining me on the update of the first half of FY '26. We'll just flip through the results, and then I'll give you an update on where we're up to with our existing operations and our projects. Usual disclaimers, please do your own research before you buy or sell our shares. About Bathurst. Look, anyone that's been following the company for a while knows the story, but if you're new to us or you want an update, we are an operating comp ...

Core Insights - Evertec reported revenue of $244.83 million for the quarter ended December 2025, marking a year-over-year increase of 13.1% and an EPS of $0.93 compared to $0.87 a year ago, exceeding the Zacks Consensus Estimate of $236.99 million by 3.31% [1] Revenue Breakdown - Payment Services - Puerto Rico & Caribbean generated $56.44 million, slightly below the average estimate of $57.36 million, with a year-over-year change of +3.1% [4] - Latin America Payments and Solutions revenue reached $109.26 million, significantly above the average estimate of $96.81 million, reflecting a year-over-year increase of +40.3% [4] - Corporate and Other segment reported revenues of -$27.41 million, compared to the average estimate of -$25.91 million, showing a year-over-year change of +8.4% [4] - Business Solutions generated $58.32 million, below the average estimate of $60.54 million, with a year-over-year decline of -6.6% [4] - Merchant Acquiring, net revenue was $48.22 million, in line with the average estimate of $48.25 million, representing a year-over-year increase of +3.4% [4] Stock Performance - Over the past month, Evertec's shares have returned -11.9%, contrasting with the Zacks S&P 500 composite's +0.6% change, and the stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance in the near term [3]

Core Insights - OPKO Health reported a revenue of $148.5 million for the quarter ended December 2025, reflecting a decline of 19.1% year-over-year, but exceeded the Zacks Consensus Estimate by 7.56% [1] - The company's EPS was -$0.04, a decrease from $0.01 in the same quarter last year, but surpassed the consensus estimate of -$0.07 by 39.39% [1] Revenue Breakdown - Revenue from services was $71.1 million, slightly below the average estimate of $72.37 million, marking a year-over-year decline of 31% [4] - Revenue from the transfer of intellectual property and other sources was $33.7 million, exceeding the average estimate of $24.39 million, with a year-over-year decrease of 21.8% [4] - Revenue from products reached $43.7 million, surpassing the estimated $41.31 million, and showed a year-over-year increase of 16.8% [4] Stock Performance - OPKO Health's shares have returned -7.8% over the past month, contrasting with a +0.6% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]

Core Insights - Black Stone Minerals (BSM) reported a revenue of $118.7 million for the quarter ended December 2025, marking a year-over-year increase of 41.8% and an EPS of $0.31 compared to $0.18 a year ago [1] - The reported revenue exceeded the Zacks Consensus Estimate of $104 million, resulting in a surprise of +14.14%, while the EPS also surpassed expectations with a surprise of +16.24% against a consensus estimate of $0.27 [1] Financial Performance Metrics - BSM's production metrics included 32.1 million barrels of oil equivalent per day, slightly below the average estimate of 33.76 million barrels [4] - Natural gas production was reported at 13,118.00 MMcf, compared to the average estimate of 13,941.32 MMcf [4] - Oil and condensate production was 768.00 MBBL, lower than the average estimate of 779.52 MBBL [4] - Total production equivalents were 2,954.00 MBOE, compared to the average estimate of 3,103.24 MBOE [4] Revenue Breakdown - Revenue from lease bonuses and other income was $4.71 million, significantly exceeding the average estimate of $1.06 million, reflecting a year-over-year change of +137.6% [4] - Revenue from oil and condensate sales was $46.37 million, below the average estimate of $50.49 million, indicating a year-over-year decline of -22.7% [4] - Revenue from natural gas and natural gas liquids sales was $44.11 million, also below the average estimate of $48.5 million, but showing a year-over-year increase of +4.1% [4] Stock Performance - Over the past month, shares of Black Stone Minerals have returned +3.1%, outperforming the Zacks S&P 500 composite's +1.8% change [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]

Core Insights - Tenaris S.A. reported revenue of $3 billion for the quarter ended December 2025, reflecting a 5.3% increase year-over-year and exceeding the Zacks Consensus Estimate of $2.92 billion by 2.46% [1] - The company's EPS was $0.87, down from $0.94 in the same quarter last year, but it surpassed the consensus estimate of $0.76 by 14.17% [1] Financial Performance - Tubes sales volume for seamless products reached 776 Kmt, exceeding the average estimate of 762.73 Kmt [4] - Total tubes sales volume was 969 Kmt, compared to the average estimate of 951.08 Kmt [4] - Welded tubes sales volume was 193 Kmt, surpassing the average estimate of 188.35 Kmt [4] - Net sales for Tubes in North America were $1.46 billion, above the average estimate of $1.39 billion, marking a year-over-year increase of 28.7% [4] - Net sales for Tubes in Asia Pacific, Middle East, and Africa were $697 million, slightly below the average estimate of $700.72 million, with a year-over-year increase of 10.8% [4] - Net sales for Tubes in Europe were $187 million, slightly above the average estimate of $184.88 million, but represented a significant year-over-year decline of 45.2% [4] - Net sales for Tubes in South America were $501 million, below the average estimate of $517.46 million, reflecting a year-over-year decrease of 15.8% [4] - Net sales for other categories reached $156 million, exceeding the average estimate of $132.18 million, with a year-over-year increase of 4% [4] - Total net sales for Tubes were $2.84 billion, slightly above the average estimate of $2.8 billion, representing a 5.3% year-over-year increase [4] Operating Income - Operating income for other segments was reported at $38 million, significantly higher than the average estimate of $18.35 million [4] - Operating income for Tubes was $516 million, exceeding the average estimate of $476.89 million [4] Stock Performance - Tenaris shares have returned 16.6% over the past month, while the Zacks S&P 500 composite has decreased by 1.3%, indicating strong relative performance [3] - The stock currently holds a Zacks Rank 2 (Buy), suggesting potential for outperformance in the near term [3]

Core Insights - Exelixis reported $598.66 million in revenue for Q4 2025, a 5.6% year-over-year increase, with an EPS of $0.94 compared to $0.55 a year ago, exceeding both revenue and EPS estimates [1][4] Revenue Performance - Net product revenues reached $546.58 million, surpassing the average estimate of $529.04 million by nine analysts, reflecting a 6.1% increase year-over-year [4] - Collaboration revenues were reported at $52.09 million, exceeding the average estimate of $49.91 million, marking a significant year-over-year increase of 2289.3% [4] - CABOMETYX generated $544.7 million in net product revenues, slightly below the average estimate of $554.08 million, but still showing a 6.2% year-over-year growth [4] - COMETRIQ reported net product revenues of $1.8 million, which fell short of the average estimate of $3.15 million, indicating a year-over-year decline of 25.6% [4] - License revenues from collaboration reached $66.36 million, exceeding the average estimate of $48.87 million from five analysts [4] Stock Performance - Exelixis shares have returned -0.3% over the past month, while the Zacks S&P 500 composite remained unchanged [3] - The stock holds a Zacks Rank 2 (Buy), suggesting potential outperformance against the broader market in the near term [3]

Core Insights - Doximity reported revenue of $185.05 million for the quarter ended December 2025, marking a year-over-year increase of 9.8% and exceeding the Zacks Consensus Estimate of $181.03 million by 2.23% [1] - The company's EPS for the same period was $0.46, slightly up from $0.45 a year ago, and also surpassed the consensus EPS estimate of $0.44 by 4.55% [1] Financial Performance Metrics - Doximity's stock has returned -24.2% over the past month, contrasting with the Zacks S&P 500 composite's +0.5% change, indicating underperformance relative to the broader market [3] - The company holds a Zacks Rank 2 (Buy), suggesting potential for outperformance in the near term [3] Customer and Revenue Breakdown - The number of customers generating at least $500,000 in revenue was reported at 126, slightly below the average estimate of 129 by two analysts [4] - Other revenues reached $9.67 million, exceeding the average estimate of $8.19 million by five analysts, reflecting a significant year-over-year increase of 52.5% [4] - Subscription revenues totaled $175.38 million, surpassing the average estimate of $173.19 million by five analysts, and showing an 8.1% increase compared to the previous year [4]

Core Insights - Equitable Holdings, Inc. reported a revenue of $3.74 billion for the quarter ended December 2025, reflecting a decrease of 5.4% year-over-year and a surprise of -7.2% compared to the Zacks Consensus Estimate of $4.03 billion. The EPS was $1.76, up from $1.57 in the same quarter last year, resulting in a positive surprise of +0.64% over the consensus estimate of $1.75 [1][3]. Financial Performance Metrics - Retirement net flows were reported at $1.26 billion, below the average estimate of $1.48 billion from two analysts [4]. - Total asset value in the Retirement segment at the end of the period was $163.86 billion, compared to the average estimate of $177.11 billion from two analysts [4]. - Wealth Management advisory net new assets reached $2.15 billion, exceeding the average estimate of $1.89 billion from two analysts [4]. - Total Wealth Management ending assets were $122.01 billion, slightly below the average estimate of $122.15 billion [4]. - Retirement segment revenues were $1.67 billion, slightly above the average estimate of $1.66 billion from three analysts, representing a year-over-year increase of +70.4% [4]. - Revenue from Retirement investment management, service fees, and other income was $186 million, slightly above the average estimate of $185.87 million, with a year-over-year increase of +97.9% [4]. - Policy charges, fee income, and premiums in the Retirement segment generated $435 million, significantly lower than the average estimate of $810.18 million [4]. - Retirement net derivative losses were reported at -$9 million, worse than the average estimate of -$2.03 million, but showed a year-over-year change of +80% [4]. - Net investment income in the Retirement segment was $1.16 billion, matching the average estimate and reflecting a year-over-year increase of +74.3% [4]. - Policy charges, fee income, and premiums in the Retirement segment were $328 million, exceeding the average estimate of $312.96 million, with a year-over-year increase of +47.1% [4]. - Corporate and Other segment revenues were $557 million, significantly below the average estimate of $845.64 million, but represented a year-over-year increase of +148.7% [4]. - Wealth Management segment revenues were $548 million, surpassing the average estimate of $523.73 million, with a year-over-year increase of +13.9% [4].

Core Insights - Avery Dennison reported revenue of $2.27 billion for Q4 2025, a year-over-year increase of 3.9% and an EPS of $2.45, up from $2.38 a year ago [1] - The revenue was slightly below the Zacks Consensus Estimate of $2.29 billion, resulting in a surprise of -0.94%, while the EPS exceeded the consensus estimate of $2.40 by +2.08% [1] Financial Performance Metrics - Net Sales for the Solutions Group were $724.2 million, compared to an estimated $753.41 million, reflecting a year-over-year increase of +1.5% [4] - Net Sales for the Materials Group were $1.55 billion, matching the analyst estimate and showing a +5.1% increase from the previous year [4] - Adjusted Operating income for the Corporate expense was reported at -$19.2 million, better than the estimated -$20.9 million [4] - Adjusted Operating income for the Solutions Group was $81.4 million, exceeding the average estimate of $76.24 million [4] - Adjusted Operating income for the Materials Group was $219.3 million, below the estimated $234.09 million [4] Stock Performance - Avery Dennison's shares have returned +2.6% over the past month, outperforming the Zacks S&P 500 composite, which saw a +0.9% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]

Core Insights - Columbia Sportswear reported revenue of $1.07 billion for the quarter ended December 2025, reflecting a year-over-year decline of 2.4% and an EPS of $1.73 compared to $1.80 a year ago, exceeding the Zacks Consensus Estimate of $1.04 billion by 3.25% and delivering an EPS surprise of 42.39% against a consensus estimate of $1.22 [1] Financial Performance - The company’s shares returned +0.9% over the past month, while the Zacks S&P 500 composite increased by +1.8%, indicating that the stock may perform in line with the broader market in the near term with a Zacks Rank 3 (Hold) [3] Geographic Sales Performance - Net sales in Canada were reported at $66.52 million, slightly below the average estimate of $69.79 million, with a year-over-year change of +2.1% [4] - Net sales in Europe, the Middle East, and Africa (EMEA) reached $174.42 million, surpassing the average estimate of $154.38 million, showing a year-over-year increase of +8% [4] - In the United States, net sales were $626.05 million, slightly below the estimated $627.11 million, representing a decline of -8.2% year-over-year [4] - Latin America and Asia Pacific (LAAP) net sales were reported at $203.25 million, exceeding the average estimate of $189.75 million, with a year-over-year change of +8.4% [4] - Direct-to-consumer net sales amounted to $640.83 million, above the average estimate of $598.21 million, reflecting a year-over-year increase of +0.6% [4] - Wholesale net sales were $429.4 million, slightly below the estimated $433.94 million, indicating a year-over-year decline of -6.6% [4]