Key Takeaways SO's unit Southern Telecom and Seimitsu formed SouthernWaves to deliver fiber services.The alliance expands SO's dark fiber offerings by adding lit services managed through Seimitsu's expertise.SouthernWaves supports the South Downtown Atlanta project with high-capacity, smart-city connectivity.Southern Company’s (SO) subsidiary, Southern Telecom, has officially partnered with Seimitsu, a key player in the broadband networking industry based in Savannah, to form SouthernWaves, a bold strategic ...

Company Overview - The company is a premier digital infrastructure solutions provider operating across all 50 states [1] - It specializes in engineering, construction, service, and maintenance of both wireline and wireless telecommunication services [1] - The company is increasingly focusing on connecting the grid nationwide through long-haul and middle mile networks, particularly for hyperscalers [1] Industry Context - The telecommunications space is currently very busy, indicating a high demand for digital infrastructure solutions [1]

Core Insights - Dycom Industries reported a strong second-quarter earnings performance, with a notable increase in revenue and net income, leading to a positive market reaction despite a slight miss on revenue expectations [1][4]. Financial Performance - The company achieved a record revenue of nearly $1.38 billion for the second quarter of fiscal 2026, reflecting a 15% year-over-year growth [2]. - GAAP net income rose by 43% to $97.5 million, translating to $3.33 per share [2]. - Dycom's revenue slightly missed analyst expectations of $1.41 billion, while the GAAP net income exceeded expectations of $2.92 per share [4]. Growth Drivers - The growth was attributed to increased customer demand for digital infrastructure, improved operational efficiency, and effective cash-flow management [4]. - Dycom expressed confidence in sustaining growth, projecting fiscal 2026 revenue between $5.29 billion and $5.43 billion, indicating at least 12.5% growth compared to the previous year [5][6].

Financial Data and Key Metrics Changes - Revenue for the quarter was $1,380,000,000, a 14.5% increase over the prior year [7] - Adjusted EBITDA reached $205,500,000, representing a 14.9% margin and a 29.8% increase over the prior year [8][27] - Net income was $97,500,000, with diluted EPS of $3.33 per share, exceeding expectations [28] - Total backlog at the end of Q2 was $7,989,000,000, including $4,604,000,000 expected to be completed in the next twelve months, marking a year-over-year increase of over 20% [29] Business Line Data and Key Metrics Changes - Revenue growth was driven by fiber to the home programs, wireless activity, maintenance and operations services, and initial contributions from fiber infrastructure programs for hyperscalers [27] - The service and maintenance business, which historically has been over half of the business, continues to grow with new awards and market expansions [51] Market Data and Key Metrics Changes - The demand for digital infrastructure is accelerating, with customers' fiber to the home build plans comprising over 125,000,000 passings, with significant incremental opportunities in the past sixteen months [11][12] - The addressable market for DICOM from spending on outside plant data center network infrastructure is estimated to exceed $20,000,000,000 over the next five years [19][53] Company Strategy and Development Direction - The company is focused on operational excellence, efficient cash flow management, and maintaining a diverse backlog that balances risk and shareholder returns [23][24] - DICOM is positioned to capitalize on the growing demand for digital infrastructure, particularly in relation to AI and hyperscaler investments [15][18] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the growth opportunities driven by customer investments and the recent tax legislation, which is expected to increase capital spending [30][22] - The company reaffirmed its fiscal 2026 revenue outlook range of $5,290,000,000 to $5,425,000,000, indicating confidence in achieving growth targets [10][31] Other Important Information - The company improved its Days Sales Outstanding (DSOs) by nine days year-over-year, ending the quarter at 108 days [8][29] - Recent corporate tax legislation is expected to provide a free cash flow benefit of approximately $50,000,000 due to reduced cash tax payments [30] Q&A Session Summary Question: What led to the low end of guidance for revenue in Q2? - Management noted that different customer programs are at various stages of ramping, impacting quarterly performance, but expressed optimism about the overall momentum and backlog growth [33][34] Question: Should we expect high margins to continue going forward? - Management confirmed that margins have been improving due to operational efficiencies and strategic reinvestments, and they expect to maintain strong margins moving forward [37][39] Question: What is the percentage of recurring revenue in the current business? - Management indicated that over 80% of their work is on Master Service Agreements (MSAs), which are repeatable, and they expect this to grow as they expand their service and maintenance business [50][51] Question: Can you provide an update on the data center opportunity in your backlog? - Management stated that they are seeing significant opportunities in the data center space, with ongoing conversations and awards contributing to their backlog [52][54] Question: How do you prioritize capital allocation between M&A and share repurchases? - Management emphasized that supporting growth is the first priority, but they are also open to M&A opportunities that fit their strategy and culture, balancing this with share repurchases when appropriate [72]

Core Points - TeraWulf Inc. has rescheduled its second quarter 2025 investor conference call to August 14, 2025, at 8:00 a.m. ET [1] - A supplemental investor presentation covering second quarter 2025 results and recent developments will be available prior to the call [2] - TeraWulf focuses on environmentally sustainable, industrial-scale data center infrastructure in the U.S., specifically for high-performance computing (HPC) hosting and bitcoin mining [4] Conference Call Information - Participants are encouraged to log on or dial in approximately 5 minutes before the call begins [3] - The call can be accessed via webcast or by dialing specific numbers provided for U.S. and international participants [6] Replay Information - The replay of the conference call will be available until August 28, 2025, at 11:59 p.m. ET [6]

Core Insights - TeraWulf is on track to deliver 72.5 MW of HPC hosting infrastructure to Core42 by 2025 and aims to secure 200-250 MW operational by the end of 2026 [1][6] - The company's Bitcoin mining capacity increased by 45.5% year-over-year to 12.8 EH/s [1][7] Financial Performance - Revenue for Q2 2025 was $47.6 million, a 34% increase from $35.6 million in Q2 2024 [7][10] - Cost of revenue (excluding depreciation) rose to $22.1 million, up 59% from $13.9 million in Q2 2024, resulting in a cost of revenue as a percentage of revenue of 46.4% compared to 39.1% in the previous year [3][10] - Self-mined Bitcoin decreased to 485 from 699 in Q2 2024, with the total value of self-mined Bitcoin at $47.6 million compared to $46.1 million in the same quarter last year [8][10] - Power cost per Bitcoin self-mined increased significantly to $45,555 from $22,954 in Q2 2024 [8] Operational Highlights - TeraWulf's operational hashrate reached 12.2 EH/s, up from 8.0 EH/s in Q2 2024 [5] - The company is in advanced discussions to expand HPC hosting and has secured interconnection approval to draw 500 MW from the grid, with plans to increase this to 750 MW [9] Management Commentary - The CEO emphasized the company's commitment to developing scalable, sustainable digital infrastructure and highlighted strong demand from enterprise and hyperscale customers for low-cost, zero-carbon compute infrastructure [6][9] - The CFO noted that revenue from HPC hosting is expected to begin in Q3 2025, marking a significant inflection point for the company's financial profile [9] Liquidity and Capital Resources - As of June 30, 2025, TeraWulf held $90 million in cash and cash equivalents, with total outstanding debt of approximately $500 million [11] - The company reported a net loss of $18.4 million for Q2 2025, compared to a net loss of $10.9 million in Q2 2024 [20]

Core Insights - HRC World Plc reported a significant increase in revenue for the financial year ending 31 March 2025, reaching US$818,000 compared to US$141,000 in the previous year, indicating a successful strategic realignment [2] - The company narrowed its pre-tax loss to US$46,000 from US$220,000 in the prior year, showcasing improved operational cost control while investing in future growth sectors [2] - The company is optimistic about its strategic direction, focusing on digital infrastructure and sustainable energy solutions, while gradually shifting from restaurant management services to technology-driven business segments [3] Financial Performance - Revenue for the year ending 31 March 2025 was US$818,000, a substantial increase from US$141,000 in the previous year [2] - Pre-tax loss decreased to US$46,000 from US$220,000, reflecting better cost management [2] Strategic Direction - The company is advancing its strategic transformation towards digital infrastructure and sustainable energy solutions [3] - There is a shift in focus from restaurant management services to the development of data centre and IT infrastructure capabilities [3] Dividend Policy - The Directors have decided not to propose the payment of a dividend [4]

Core Insights - HIVE Digital Technologies Ltd. has achieved a Bitcoin mining hashrate of over 14 EH/s, with an annual run rate revenue of $315 million and mining margins of approximately 55% after electricity costs [2][9] - The company aims to reach 18 EH/s by the end of summer and 25 EH/s by U.S. Thanksgiving, positioning itself as a leading Bitcoin miner [2][3] - HIVE's operations in Paraguay are expanding, with daily Bitcoin production increasing to over 7 BTC, and a forecast to reach 12 BTC per day by year-end [4][5] Company Growth and Operations - The construction of HIVE's facilities in Paraguay is progressing, with Phase 2 at the Yguazú site over 60% complete and 4 EH/s of new miners already operational [4] - The company employs over 300 local workers, emphasizing speed and precision in its operations while contributing to community development [6] - HIVE's strategy aligns with macro trends such as the rise of stablecoin usage and Bitcoin's increasing role in finance, bolstered by the recent U.S. Genius Act [7][8] Financial Performance - Following the fiscal year-end on March 31, 2025, HIVE reported $105 million in Bitcoin revenue, which has now increased to an annualized run rate of $315 million [9] - The company maintains a focus on cash flow and operational efficiency, aiming for a global fleet efficiency of approximately 18.5 J/TH [10][11]

Core Insights - Sprouts Farmers Market, Inc. (SFM) is set to announce its second-quarter 2025 earnings results on July 30, which is critical for investors to decide on their positions regarding the stock [1] Financial Performance Expectations - The Zacks Consensus Estimate for second-quarter revenues is $2,167 million, reflecting a 14.4% increase year-over-year [3] - The earnings consensus estimate has risen to $1.23 per share, indicating a 30.9% year-over-year increase [3] - SFM has a trailing four-quarter earnings surprise average of 16.5%, with a 17.5% beat in the last reported quarter [3] Earnings Prediction Model - The Zacks model indicates a likely earnings beat for SFM, supported by a positive Earnings ESP and a Zacks Rank of 2 (Buy) [4][5] Growth Drivers - SFM is capitalizing on the growing demand for organic and natural products, enhancing its market position [2] - The company focuses on product innovation, technology, and competitive pricing, which are expected to positively impact sales [6] - Comparable store sales growth is anticipated at 7.9% for the quarter [8] E-commerce and Digital Strategy - SFM has invested significantly in its digital infrastructure, leading to a 28% increase in e-commerce sales in Q1 2025 [9] Cost Management and Margins - Management expects gross margin and SG&A rates to normalize in Q2, with SG&A expenses projected to rise 13.7% year-over-year [10] Stock Performance and Valuation - SFM's stock has surged 90.3% over the past year, outperforming the industry growth of 65.1% [11] - The stock trades at a premium P/S ratio of 1.70 compared to the industry average of 0.27, indicating a higher valuation relative to anticipated sales growth [12][13] Investment Outlook - SFM's strong sales growth, margin expansion, and strategic initiatives position it as a compelling investment opportunity [15] - Existing investors may consider holding their positions, while new investors should evaluate the stock's premium valuation before entering [16]

Frank Holland speaks with Vertiv CEO Gio Albertazzi and Oklo CEO Jacob DeWitte about a new agreement between the companies focused on creating power and heat management solutions for data centers and other digital infrastructure. ...