Core Viewpoint - BigBear.ai Holdings, Inc. conducted its third quarter 2025 earnings call, highlighting key financial results and future outlooks for the company [2]. Group 1: Financial Performance - The earnings call was led by CFO Sean Ricker and CEO Kevin McAleenan, who discussed the company's financial results for the third quarter [2]. - The company provided forward-looking statements regarding its financial performance, emphasizing that actual results may differ from projections [2]. Group 2: Investor Relations - Charts and supplementary information regarding non-GAAP measures were made available on the company's website to enhance the understanding of the financial results discussed during the call [3].

Q3 2025 Financial Performance - Revenues remained relatively unchanged at $575 million compared to $574 million in Q3 2024[11] - GAAP Income from Continuing Operations showed a decrease of 82%, falling from $(11) million in Q3 2024 to $(20) million in Q3 2025[11] - Adjusted EBITDA decreased by 12%, from $85 million in Q3 2024 to $74 million in Q3 2025, representing a margin of 12.9% compared to 14.8% in the previous year[11] - Adjusted diluted loss per share from continuing operations was $(0.08), compared to $(0.01) in Q3 2024[11] - Adjusted Free Cash Flow was $6 million, a significant change from $(34) million in Q3 2024[11] Segment Performance - Harsco Environmental's revenues decreased by 6% to $261 million, and Adjusted EBITDA decreased by 17% to $44 million[12] - Clean Earth's revenues increased by 6% to $250 million, and Adjusted EBITDA increased by 4% to $43 million[16] - Harsco Rail's revenues increased by 10% to $64 million, but Adjusted EBITDA decreased by 48% to $(4) million[20] Revised 2025 Outlook - GAAP Loss from Continuing Operations is projected to be between $(103) million and $(93) million, revised from the prior outlook of $(74) million to $(56) million[24] - Adjusted EBITDA is expected to be between $268 million and $278 million, revised from the prior outlook of $290 million to $310 million[24] - Adjusted Free Cash Flow is projected to be between $(30) million and $(20) million, revised from the prior outlook of $15 million to $35 million[24]

NASDAQ: MRVI Q3 2025 Financial Results November 6, 2025 Agenda | | Welcome | Deb Hart, Head of Investor Relations | | --- | --- | --- | | 02 | Business Updates | Bernd Brust, Chief Executive Officer | | 03 | Financial Results and Guidance | Raj Asarpota, Chief Financial Officer | | 04 | Q&A Session | Bernd Brust, Chief Executive Officer Raj Asarpota, Chief Financial Officer Chanfeng Zhao, Chief Scientific Officer | | 01 | | | © 2025 Maravai LifeSciences 2 Past performance may not be a reliable indicator of ...

Financial Performance & Outlook - The company delivered approximately 8% comparable EBITDA growth year-over-year for the first 9 months of 2025[15] - The company is on track to deliver a long-term target of 475x debt-to-EBITDA[15] - The company expects to deliver 2026E comparable EBITDA of $116 - $118 billion[86] - The company is targeting $6 - $7 billion annual net capital expenditures through 2030 with build multiples in the 5 – 7x range[78, 86] - The company expects approximately 6% – 8% comparable EBITDA growth from 2025 to 2026 and extending growth outlook of approximately 5% – 7% 3-year CAGR[76] Growth Projects & Capital Allocation - The company placed approximately $8 billion of assets into service year-to-date, with 2025 projects tracking approximately 15% under budget[15, 60] - The company sanctioned approximately $51 billion of new projects in the last twelve months at an average build multiple of approximately 60x[15] - The company is announcing approximately $07 billion of new growth projects serving power generation & data center demand[15] - The company's natural gas demand growth is projected to increase by 45 Bcf/d by 2035[21] Strategic Priorities & Market Position - The company's total system deliveries averaged 230 Bcf/d, up 2% vs Q3 2024[74] - The company's deliveries to LNG facilities averaged 37 Bcf/d, up 15% vs Q3 2024[74]

Third-Quarter 2025 Earnings Call November 6, 2025 BOARD PPT ------- Updated Mar 2025 Forward-Looking Statements Safe Harbor Statement Any statements contained in this presentation that are not historical facts are "forward-looking statements." These statements are based on the current expectations of the management of the Company, only speak as of the date on which they are made and are subject to uncertainty and changes in circumstances. R 237 G 28 B 42 R 255 G 212 B 32 R 207 G 207 B 207 R 117 G 128 B 134 ...

Operational Highlights - Total tonnes processed in Q3 2025 were 65,131, with a daily processing rate of 1,124 tonnes[28] - Year-to-date 2025, the total tonnes processed reached 185,516, with a daily processing rate of 1,144 tonnes[28] - Gold ounces sold in Q3 2025 amounted to 1,422, and silver ounces sold were 417,710[28] - Year-to-date 2025, gold ounces sold totaled 3,159, and silver ounces sold reached 798,395[28] - Gold equivalent ounces sold in Q3 2025 were 6,298, and year-to-date 2025, they totaled 12,150[28] Financial Performance - The company's cash balance as of September 30, 2025, was $9.8 million[29] - Net sales for Q3 2025 were $24.9 million, and for the nine months ended September 30, 2025, net sales were $48.5 million[29] - The net loss for Q3 2025 was $(4.7) million, and for the nine months ended September 30, 2025, the net loss was $(24.5) million[29] - Mining gross profit for Q3 2025 was $6.2 million, while the mining gross profit for the nine months ended September 30, 2025, was $0.3 million[29] - Total cash costs per gold equivalent ounce for Q3 2025 were $2,116/oz, and for the nine months ended September 30, 2025, they were $2,594/oz[29] - Total all-in sustaining costs per gold equivalent ounce for Q3 2025 were $2,983/oz, and for the nine months ended September 30, 2025, they were $3,542/oz[29] Investment and Capital Allocation - Total capital and exploration investment for Q3 2025 was $7.705 million, and for the year-to-date 2025 period, it was $14.859 million[33] - Sustaining investments in Q3 2025 totaled $3.416 million, and year-to-date 2025, they amounted to $6.063 million[33] - Growth investments in Q3 2025 were $4.289 million, and year-to-date 2025, they reached $8.796 million[33]

UL SOLUTIONS INC. Earnings Presentation Q3 2025 November 4, 2025 © 2024 UL LLC. All Rights Reserved. Forward looking statements This presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts contained in this presentation may be forward-looking statements. These include statements regarding UL Solutions Inc.'s (the "Company") future financial results and estimates and business prospe ...

Financial Performance - Third-quarter sales reached $8.615 billion, a 3% increase year-over-year and a 1% increase sequentially[5] - Operating profit for the third quarter was $2.558 billion, a 3% increase year-over-year[5] - Diluted EPS for the third quarter was $4.21, a 7% increase year-over-year[5] - Operating cash flow for the third quarter was $2.9 billion, an 8% increase year-over-year[5] - The company's backlog is $10 billion[6] Capital Management - Year-to-date capital reinvestment in the business totaled $4.2 billion, a 23% increase year-over-year[12] - Net share repurchases amounted to $3.2 billion year-to-date[10, 12] - Base capex is projected at $1.9 billion year-to-date[10] Guidance - The company anticipates fourth-quarter adjusted EPS to be in the range of $4.10 to $4.20, representing a 3% to 6% increase compared to 2024[15] - Full-year 2025 adjusted EPS is expected to be between $16.35 and $16.45, a 5% to 6% increase versus 2024[15] - Capital expenditure (CAPEX) for 2025 is projected to be in the range of $5.0 billion to $5.5 billion[15] Regional Performance - Sales in the Americas increased by 6% year-over-year to $3.846 billion[18] - Sales in APAC increased by 1% year-over-year to $1.741 billion[22] - Sales in EMEA increased by 3% year-over-year to $2.178 billion[27]

Financial Performance - Q3 2025 total revenues reached $4.2 billion, a 1% increase compared to Q3 2024 [16, 38] - Diluted EPS grew by 6% to $1.83 in Q3 2025 [15, 16, 52] - The operating ratio improved by 170 bps to 61.4% in Q3 2025 [16, 52] - The company executed $1 billion in share repurchases [54] Operational Efficiency - RTMs (Revenue Ton Miles) increased by 1% in Q3 2025 [15, 16, 38, 54] - Carloads increased by 5% in Q3 2025 [38, 54] - Train length increased by 3% in Q3 2025 compared to Q3 2024 [25] - GTMS/T&E (Train and Engine) employee decreased by 20% in Q3 2025 compared to Q3 2024 [27] Outlook and Strategy - The company reaffirms its full-year EPS guidance, expecting mid-to-high single-digit adjusted diluted EPS growth compared to 2024 [61] - The outlook for 2025 capital expenditures is $3.35 billion, and the 2026 outlook is $2.8 billion, a $550 million reduction [61]

Financial Data and Key Metrics Changes - The company reported a decline in loan performance and year-over-year originations volume, with overall forecasted net cash flows declining by 0.5%, or $59 million [4] - The loan portfolio reached a record high of $9.1 billion on an adjusted basis, up 2% from the same quarter last year [4] - Market share in the core segment of used vehicles financed by subprime consumers decreased to 5.1% from 6.5% in the same period of 2024 [4] Business Line Data and Key Metrics Changes - The company financed almost 80,000 contracts during the quarter, with a total collection of $1.4 billion [6][7] - The unit volume was impacted by a scorecard change in Q3 2024, resulting in lower advance rates and increased competition [5] Market Data and Key Metrics Changes - The competitive environment remains intense, with a noted decline in volume per dealer [21] - The subprime market has stabilized after a decline over the past four to five years, but affordability issues continue to pressure consumers [36] Company Strategy and Development Direction - The company aims to maximize intrinsic value and positively impact its key constituents, including dealers and consumers, by providing financing options for those with poor credit histories [5] - The engineering team is focused on modernizing technology architecture to enhance dealer experiences and accelerate innovation [8] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the competitive market and the challenges posed by affordability issues for consumers, which could negatively impact business [29][36] - The company is positioned for the future, with a strong loan portfolio and ongoing investments in technology [10] Other Important Information - The company received four awards for workplace excellence, highlighting its commitment to employee satisfaction [9] - The CFO announced his retirement after 22 years with the company, indicating a transition in leadership [10] Q&A Session Summary Question: Are there any covenants in the asset-backed securities regarding forecast shortfalls? - Yes, the current ABS still has a covenant for early amortization if there is a 10% forecast shortfall, but there are no outstanding securitizations close to the 90% trigger [14] Question: What is the current G&A expense situation? - G&A expenses were higher than expected due to one-time charges related to contingent legal losses, but adjusted results show consistency over recent quarters [15] Question: Is there a share repurchase authorization? - The company has just over 2 million shares currently under board authorization for repurchase [16] Question: How is the competitive environment affecting the business? - The environment remains competitive, with some peers struggling, but overall competition has not significantly decreased despite poor credit results [20][23] Question: What impact do tariffs have on the business? - Any factor that impacts consumer affordability is generally negative for the company, although the specific impact of tariffs is difficult to quantify [29] Question: Will there be any changes to the scorecard in the future? - The company continuously evaluates its scorecard and pricing based on loan performance and market conditions, indicating potential adjustments in the future [31] Question: What is the current state of capital markets activity? - The environment for ABS issuers has been favorable, with tight spreads and strong demand for recent deals, despite some recent widening in spreads [50]