Core Insights - J.M. Smucker has achieved positive organic top-line growth in the current year despite facing challenges from record levels of green coffee inflation [2] - The company has restructured its portfolio over the past several years, benefiting from a mix of iconic brands and higher growth brands [2] - Recent leadership updates have been announced to enhance the execution of Smucker's long-term growth strategy and improve profitability and earnings [2] Company Overview - Mark Smucker serves as the CEO, President, and Chair of the Board, with Tucker Marshall as CFO and Crystal Beiting as VP of Investor Relations and FP&A [3]

CAGNY CONFERENCE 2026 BUSINESS UPDATE FEBRUARY 18, 2026 MARK SMUCKER CHIEF EXECUTIVE OFFICER, PRESIDENT AND CHAIR OF THE BOARD FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements, such as projected net sales, operating results, earnings, and cash flows, that are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from any future results, performance, or achievements expressed or implied by those forward-looking statements. Us ...

Financial Data and Key Metrics Changes - Revenue for the second quarter increased by 24% year-over-year to $115 million, driven primarily by contributions from acquired businesses, with legacy operations also contributing [6] - Gross margin expanded to nearly 31%, reflecting favorable product mix, pricing discipline, and benefits from strategic acquisitions [6] - Net income increased by 110% to 2.1% of revenues, and Adjusted EBITDA increased by 49% to $7.7 million, or 6.6% of revenue, demonstrating strong underlying operating performance [6][7] Business Line Data and Key Metrics Changes - The company has achieved record results in revenue, gross profit, and operating profit, surpassing $425 million in trailing twelve months revenue for the period ended December 31, 2025 [2] - The six-month period saw revenue increase by 20% to more than $223 million, with gross margin remaining at 31% [7] Market Data and Key Metrics Changes - EVI has established itself as a leader in a highly fragmented industry, with compounded annual growth rates of approximately 30% in revenue, 16% in net income, and 27% in adjusted EBITDA since 2016 [3] Company Strategy and Development Direction - The company is focused on building the broadest and most flexible portfolio of products in the industry, sourced from leading OEMs, to address a full range of customer needs across all market segments [5] - Significant investments are being made in people, processes, and technology to transform the enterprise into a more scalable, integrated, and efficient organization [4][5] - The company is pursuing a balanced approach to growth, evaluating opportunities in and around the laundry ecosystem that can be supported by existing operations and relationships [10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term growth strategy and the ongoing investments in modernization and optimization initiatives [2][11] - The company maintains strong liquidity, solid working capital, and access to low-cost capital, providing flexibility to continue investing and executing on growth strategies [11] Other Important Information - Operating margin expansion was impacted by higher operating expenses associated with investments in technology, modernization, and service capability expansion [8] - The company generated positive operating cash flow during both the 3- and 6-month periods under December 31, 2025, despite a planned inventory buildup of approximately $12 million [10] Q&A Session Summary - No specific questions and answers were provided in the content, thus this section is not applicable.

Core Insights - Starbucks Corporation is a leading global coffee company and coffeehouse chain, recognized for its premium coffee and customer experience, competing with major players like Dunkin' and McDonald's in the coffee and fast-food industry [1] Group 1: Stock Performance and Ratings - On January 22, 2026, William Blair upgraded Starbucks from a Market Perform to an Outperform rating, with the stock priced at $95.83, indicating confidence in the company's future performance [2] - The stock has experienced a decrease of 0.6%, trading between $94.89 and $97.8, with a yearly high of $117.46 and a low of $75.5 [2] Group 2: Strategic Developments - Starbucks plans to unveil its long-term growth strategy during its 2026 Investor Day on January 29, 2026, which may influence investor sentiment and stock performance [3] - Key executives, including CEO Brian Niccol and CFO Cathy Smith, will participate in presentations and a Q&A session during the event [3] Group 3: Market Presence - The company's market capitalization is approximately $108.97 billion, reflecting its significant presence in the market [4] - Starbucks has a trading volume of 14,131,896 shares on the NASDAQ exchange, indicating strong investor interest and activity [4][5]

Core Insights - Carriage Services, Inc. announced executive leadership promotions and appointments to support its growth strategy and 2030 Vision [1][2][5] Leadership Changes - Steve Metzger has been promoted to President and Chief Operating Officer, overseeing Operations, Sales, Marketing, and M&A [7] - John Enwright, Chief Financial Officer, will now also oversee Information Technology and Supply Chain, aligning financial discipline with long-term value creation [4] - Rene Negrete joins as Vice President of Operations, bringing over 20 years of experience in the funeral and cemetery sector [7] - Sam A. Mazzu, III has been promoted to Vice President, General Counsel and Secretary, focusing on governance and risk stewardship [7] - Christine Ngo has been promoted to Vice President of Human Resources, enhancing leadership in people and culture development [7] - Alfred White has been promoted to Vice President of Marketing, aiming to strengthen the brand and community connections [7] Strategic Objectives - The new leadership structure supports Carriage's three strategic objectives: Purposeful Growth, Relentless Improvement, and Empowered Partnership [5] - The company aims to scale responsibly, invest in its workforce, and deliver meaningful experiences to families and communities [5] Company Overview - Carriage Services is a leading provider of funeral and cemetery services in the U.S., operating 155 funeral homes in 24 states and 28 cemeteries in 9 states as of December 31, 2025 [6]

Core Viewpoint - Limbach Holdings, Inc. has appointed Nick Angerosa as Executive Vice President, National Customer Solutions, and Jay Sharp as Executive Vice President, Sales, effective January 13, 2026, to support its long-term growth strategy and enhance its position as a trusted building solutions provider [1][2]. Leadership Appointments - The appointment of Angerosa formalizes Limbach's focus on national account opportunities, aiming to improve consistency and increase lifetime customer value by integrating service and product offerings [2][3]. - Sharp will oversee Limbach's overall sales strategy and ensure alignment of selling resources with markets that offer higher returns, driving long-term business growth [4][5]. Company Strategy - Limbach aims to expand its data center and industrial and manufacturing verticals, transitioning towards proactive, consultative partnerships to serve both national and local customers [2]. - The company emphasizes deploying talent and capital where it generates the greatest risk-adjusted returns, reinforcing its commitment to delivering durable value for customers [2]. Company Overview - Limbach is a building systems solutions firm that partners with building owners and facilities managers, focusing on mission-critical mechanical, electrical, and plumbing infrastructure [6]. - The company operates primarily in six vertical markets: healthcare, industrial and manufacturing, data centers, life science, higher education, and cultural and entertainment, with approximately 1,700 team members across 21 offices in the eastern United States [6].

Core Viewpoint - Capital Bancorp, Inc. has renewed Ed Barry's employment agreement through December 2027 and is evolving its executive leadership structure to support its long-term vision as a diversified financial services enterprise [1][2]. Leadership Changes - Ed Barry will continue as Chief Executive Officer, focusing on enterprise-level strategy and key strategic initiatives [2]. - Steve Poynot, currently President and Chief Operating Officer, will be elevated to Chief Executive Officer of Capital Bank, N.A., while retaining oversight of Windsor Advantage [3]. Strategic Vision - The company's long-term growth strategy aims to create a diversified financial services enterprise, combining a core commercial bank with differentiated, high-performing businesses [4]. - The leadership alignment is designed to manage the complexity of the enterprise and maximize growth across various lines of business [4]. Financial Overview - As of September 30, 2025, Capital Bancorp, Inc. has $3.4 billion in assets and operates a diversified portfolio of regional banking and national specialty platforms [5].

Core Viewpoint - QHSLab Inc. has successfully completed a $500,000 private placement, enhancing its balance sheet and shifting focus from debt management to disciplined growth execution [1][4]. Financial Restructuring - The company retired over $1.4 million of legacy convertible notes, which had an 18% default interest rate and conversion rights at $0.20 per share, eliminating potential dilution and over $200,000 in annual interest expenses [2][3]. - The combination of eliminating high-cost convertible debt and securing new equity capital has improved the company's liquidity and financial flexibility [3]. Growth Strategy - QHSLab plans to utilize the new capital for targeted sales and marketing efforts, expanding its medical practice client base, onboarding capacity, and customer support activities [3]. - The company aims to increase its physician client base, recurring assessment volume, revenues, and operational efficiencies [3]. Investor Confidence - The recent capital raise was entirely in common stock and long-term warrants, aligning investors with management's long-term growth strategy [4]. - An investor expressed confidence in QHSLab's trajectory, indicating a positive outlook on the company's future [4]. Management Commentary - The President and CEO emphasized that the financing, while modest, marks a significant turning point for the company, allowing it to focus on scaling its digital medicine programs and driving recurring revenue growth [5]. - The company enters 2026 with a cleaner capital structure, positioning it to prioritize disciplined growth and shareholder value [5]. Recent Financial Highlights - For the first nine months of 2025, QHSLab reported revenues of $1.99 million, a 32% increase year-over-year, and a gross profit of $1.32 million, reflecting a 66% gross margin [6].

Summary of Microchip's Conference Call Company Overview - **Company**: Microchip Technology Inc. - **Industry**: Semiconductor and Data Center Solutions Key Points Financial Performance and Guidance - Microchip raised guidance for the December quarter to the high end of the range due to strong bookings and customer pull-ins from January to December [5][7] - November was noted as the best bookings month in three years, surpassing previous highs [11] - The March quarter is expected to be significantly stronger than typical seasonal growth of 1%-2% [12][8] Market Recovery and Demand - Recovery is observed across all end markets, including data center, aerospace, defense, industrial, automotive, and communication sectors [9] - The consumer business is stabilizing despite previous tariff uncertainties [9] - Inventory corrections are nearing completion, leading to increased purchasing from distributors and OEMs [14][15] Growth Drivers - Customers are resuming design activities that were halted in 2022 and 2023, leading to increased demand for new product introductions [16] - Microchip is focusing on three new growth pillars: network and connectivity, high-performance compute, and AI on the edge, which are expected to grow faster than traditional markets [17] Data Center Solutions - Microchip's data center solutions include memory control, storage control, and PCIe-based connectivity, with a focus on the PCIe switch market [19] - The PCIe switch and retimer market is projected to reach $12 billion annually by 2030, with Microchip aiming to capture a significant share [22] - The launch of the world's first three-nanometer PCIe switch positions Microchip at the forefront of data center technology [20] Operational Insights - Distribution inventory is expected to reach parity with consumption within the next two quarters [27] - Underutilization charges from factory operations are being addressed, with plans to ramp up production gradually [29][36] - Product gross margins were impacted by inventory write-offs and underutilization, but are expected to improve as production ramps up [31] Competitive Positioning - Microchip has a strong position in the microcontroller market, with a balanced portfolio of 8-bit and 32-bit products [46] - The company is adapting to market demands and customer needs, ensuring flexibility in long-term supply agreements (LTSAs) [50] China Market Strategy - Microchip's business in China remains solid and is growing, despite geopolitical concerns [41] - The company has shifted its strategy away from joint ventures in China to focus on local partnerships that meet customer needs [40] Long-term Outlook - Microchip is cautious about projecting long-term growth rates until the business stabilizes post-correction [34] - The company aims to blend traditional growth with new opportunities in data centers and high-performance computing [34] Additional Insights - The company is leveraging its long-term supply agreements to maintain customer relationships and secure new design opportunities [49] - Microchip's competitive edge lies in its ability to offer a wide range of microcontroller solutions tailored to various applications, from consumer electronics to high-end robotics [47]

Core Viewpoint - UBS has raised its price target on Ferrari to $563 from $554 while maintaining a Buy rating, highlighting Ferrari's conservative targets and disciplined pricing strategy compared to other luxury brands [1] Group 1: Financial Projections - UBS expects organic sales growth of 6% in the first half of 2026 and 10% in the second half, indicating a stronger performance in the latter part of the year [1] - The firm believes that 2026 could be a pivotal year for Ferrari, projecting mid-single-digit annual revenue growth and a 40% EBITDA margin by 2030 as realistic targets [2] Group 2: Market Positioning - Ferrari's shares are currently trading at about a 30% discount to RMS, positioned at the lower end of the stock's five-year valuation range, suggesting potential for a re-rating as investors anticipate a broader luxury market rebound [3] - Addressing investor concerns about the sustainability of Ferrari's business model could enhance its status as a compelling long-term growth story within the luxury sector [2]