Core Insights - FEMSA has completed the divestiture of a significant portion of its logistics operations under the Solistica brand to Grupo Traxión for 4,040 million Mexican pesos, marking a strategic realignment in its portfolio [1][8] - The transaction includes FEMSA's transportation management and contract logistics operations in Mexico, Colombia, and Brazil, excluding its less-than-truckload operations in Brazil [2][8] - This divestiture aligns with FEMSA's long-term goals of portfolio optimization and enhancing its focus on high-margin retail and beverage operations [3][4] FEMSA Forward Strategy - The divestiture is part of the FEMSA Forward strategy initiated in early 2023, aimed at driving long-term value across core business units while exploring alternatives for non-core assets [4] - FEMSA has streamlined its portfolio by reducing its stake in Heineken, merging Envoy Solutions with BradyIFS, and selling its refrigeration and food service equipment businesses [4] - The restructuring allows FEMSA to redeploy capital towards high-growth areas, particularly in its Retail division, including the expansion of its OXXO convenience store network [5] Digital and Fintech Growth - FEMSA is scaling its digital and fintech platforms, with its digital wallet, Spin by OXXO, and loyalty program, Spin Premia, achieving 13.8 million and 55.7 million active users, respectively [6] - Spin by OXXO has been fully authorized as a fintech in Mexico, positioning FEMSA to enhance customer engagement and cross-platform synergies [6] Challenges and Market Conditions - Despite strategic progress, FEMSA faces challenges such as soft consumer demand in Mexico, leading to declining store traffic and margin compression in its Proximity Americas segment [7] - Broader cost pressures from inflation and rising labor expenses are impacting profitability across key divisions, including Proximity Europe and Coca-Cola FEMSA [7] - Increasing competitive intensity and reliance on Coca-Cola trademark products pose risks to sustainable margin expansion and earnings visibility [7]

Core Insights - Flotek Industries is gaining recognition in the custody transfer segment of the oil industry, which is crucial for revenue distribution among stakeholders [1][4] - The company’s JP3 XSPCT Analyzer automates the custody transfer process, addressing significant underpayment issues identified during pilot tests [2][8] - Flotek is transitioning from pilot tests to monthly contracts starting Q2 2025, which will enhance its Data Analytics division's revenue stream [3][8] Company Developments - The pilot tests revealed potential annual underpayments of up to $3.5 million, highlighting the financial impact of Flotek's technology [2][8] - Flotek's digital platform, Viper, provides comprehensive tools for monitoring, reporting, and compliance, positioning the company as a leader in modernizing custody transfer processes [3][4][8] - The company’s stock has appreciated approximately 72% year-to-date, reflecting positive market sentiment [7] Market Context - The custody transfer market is currently dominated by established players like Emerson Electric and Honeywell International, which offer advanced measurement and automation systems [5][6] - Emerson's technology focuses on high-accuracy flow measurement, while Honeywell provides secure and real-time data solutions for inventory control and custody transfer [5][6] Financial Outlook - Flotek Industries is trading at a forward price-to-earnings ratio of 27.76, indicating market expectations for growth [9] - The Zacks Consensus Estimate projects a 56% year-over-year improvement in Flotek's earnings for 2025, suggesting strong future performance [10]

Investor Presentation May 2025 This presentation does not constitute an offer to sell or the solicitation of an offer to buy any securities of Elme Communities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification of such securities under the securities law of any such jurisdiction. If Elme Communities were to conduct an offering of securities in the future, it will be made under an effective regi ...