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Financial Performance & Guidance - The company is on track to deliver 2025 financial targets with organic revenue growth of 6.0-6.5% ex-InnovaMatrix®[14] - Adjusted operating profit margin is expected to be 22.0-22.5%, including approximately (30) bps tariff headwinds[15, 23] - The company anticipates double-digit adjusted EPS growth with strong cash conversion[15, 23] - InnovaMatrix® revenue is expected to be around $70 million in 2025[15, 22] - Capex is expected to be $160-180 million[15] Strategic Progress & Outlook - New products are driving broad-based growth across all categories[14, 23] - The company is reiterating medium-term targets, including 5-7% organic revenue growth and double-digit adjusted EPS growth[22] - In 2026, InnovaMatrix® is projected to be ≤2% of Group revenue[21] - The company expects further adjusted operating margin expansion and double-digit adjusted EPS growth in 2026[21, 23] Business Segment Performance - Infusion Care shows strong growth, with non-diabetes accounting for approximately 15% of IC revenue[14, 19]

Core Insights - The company reported Q3 2025 revenue of €926.1 million, reflecting a -2.3% decline in reported growth and -0.9% in organic growth, slightly above expectations despite a challenging macroeconomic environment [2][7][6] - Digital Out-of-Home (DOOH) revenue grew significantly, with a +6.1% increase overall and +7.6% organic growth, now accounting for 41.8% of total revenue [2][6] - The company anticipates flat organic revenue growth for Q4 2025, with advertising revenue expected to rise by approximately +1% [4][15] Revenue Breakdown - Q3 2025 revenue by segment: - Street Furniture: €456.9 million, -2.5% reported growth, -1.1% organic growth [9][10] - Transport: €345.5 million, -0.4% reported growth, +1.7% organic growth [12] - Billboard: €123.7 million, -6.8% reported growth, -6.9% organic growth [13] - The overall revenue decline was influenced by a high comparison base from the 2024 Paris Olympic & Paralympic Games and UEFA Euro events [7][8] Geographic Performance - North America showed double-digit growth in Street Furniture and Transport segments, while France experienced a double-digit decline due to the high comparison base [10][12] - The Rest of the World exhibited high single-digit growth in Street Furniture and low single-digit growth in Billboard [10][13] Future Outlook - The company expects Q4 2025 organic revenue growth to be around flat, considering the ongoing macroeconomic challenges and strong comparables from previous periods [4][15] - The anticipated growth in advertising revenue is expected to be modest at around +1% [4][15]

Company Overview - Ryan Specialty is a rapidly growing provider of specialty products and solutions for insurance brokers, agents, and carriers[8] - The company was founded in 2010[9] - As of September 30, 2025 YTD, Ryan Specialty's total revenue growth was 24.2%[9] - As of September 30, 2025 YTD, Ryan Specialty's organic revenue growth was 11.4%[9] Market Position and Growth - Ryan Specialty is the 1st largest delegated underwriter[9] - Ryan Specialty is the 2nd largest U S P&C wholesale broker[9] - 78% of Ryan Specialty's premiums are placed in the attractive E&S market[13] - In 2024, Ryan Specialty's revenue growth with the top 100 retail brokerage firms exceeded Ryan Specialty's organic revenue growth of 12.8%[32] Financial Performance - Ryan Specialty's LTM Adjusted EBITDAC as of September 30, 2025, was $960 million[48] - As of March 31, 2025, Ryan Specialty had $153 million in unrestricted cash and cash equivalents[54] - In February 2025, Ryan Specialty increased its regular quarterly dividend by 9% to $0.12 per share on outstanding Class A common stock[55]

Core Insights - LKQ Corporation successfully closed the sale of its Self Service segment, returning $118 million to shareholders through share repurchases and cash dividends [1][8] - The company reported a revenue increase of 1.3% year-over-year for Q3 2025, reaching $3,499 million, despite a decline in organic revenue [2][33] - Adjusted diluted earnings per share (EPS) guidance for 2025 has been raised to a range of $3.00 to $3.15, reflecting improved operational performance and a one-time tax benefit [3][10] Financial Performance - Q3 2025 net income was $178 million, down from $187 million in Q3 2024, with diluted EPS decreasing by 2.8% to $0.69 [3][24] - Total parts and services revenue increased by 1.1%, with a notable 2.6% increase attributed to foreign exchange rates [2][34] - Cash flow from operations for Q3 2025 was $440 million, with free cash flow at $387 million [5][29] Strategic Initiatives - The company is focused on simplifying its business portfolio by divesting non-core assets and enhancing operational efficiencies [7][9] - LKQ aims to expand its lean operating model globally to drive productivity and improve execution [7] - The company is committed to disciplined capital allocation to maximize shareholder value and strengthen its balance sheet [9][10] Shareholder Returns - In Q3 2025, LKQ repurchased approximately 1.2 million shares for $40 million and distributed $78 million in cash dividends [8][9] - Since the initiation of the stock repurchase program in late 2018, the company has repurchased about 67.7 million shares for a total of $2.9 billion [8][9] - The Board of Directors declared a quarterly cash dividend of $0.30 per share, payable on December 4, 2025 [8][9] 2025 Outlook - Following the divestiture of the Self Service segment, the company has updated its full-year outlook, projecting organic revenue growth for parts and services to be between -3.0% and -2.0% [10] - The updated diluted EPS guidance for 2025 is now set at $2.47 to $2.62, reflecting a more optimistic view based on recent performance [10][9] - Management expressed confidence in the company's strategy and momentum towards sustained value creation [9][10]

2025 Third quarter trading statement October 2025 Disclaimer This presentation contains certain statements that are, or may be deemed to be, "forward-looking statements" (including for purposes of the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934). Forward-looking statements give Haleon's current expectations and projections about future events, including strategic initiatives and future fin ...

Key Points Fiserv's third-quarter report arrived with huge sales and earnings misses. The company also issued major downward revisions for its organic revenue growth and earnings targets. Organic revenue growth is now expected to come in at roughly 4%, and adjusted earnings per share are projected to dip slightly. 10 stocks we like better than Fiserv › Fiserv (NYSE: FI) stock is getting crushed in Wednesday's trading following a very disappointing quarterly report. The fintech company's share pric ...

Financial Data and Key Metrics Changes - For the three months ending September 30, group revenue was $1.8 billion, reflecting a year-on-year growth of 4.6% [2] - Organic revenue growth was 3.4%, with North America showing an improvement to 3.4% and international businesses achieving organic growth of 3.3% [2][9] - Net debt at the end of the quarter was $3.9 billion, supported by ongoing cash generation and proceeds from disposals [9] Business Line Data and Key Metrics Changes - In North America, pest control services organic growth was 1.8%, an improvement from 0.3% in the second quarter, while business services organic revenue growth surged by 11.9% [3][4] - International revenue grew by 4.6%, with organic growth of 3.3%, particularly strong in southern European markets [8] - Pest control organic revenue growth for the group was 3.4%, driven by momentum in North America, while hygiene and well-being grew by 3% organically [8][9] Market Data and Key Metrics Changes - The UK saw improved growth in core pest control and plants businesses, while the Pacific region's growth remained below average due to adverse weather impacts [8] - The southern European markets of Spain, Portugal, and Greece sustained strong growth from the first half into the third quarter [8] Company Strategy and Development Direction - The company is focused on enhancing lead generation and customer retention in North America, with a revised strategy that includes improving digital marketing and sales operating models [4][6] - The rollout of satellite branches is on track, with 139 in operation and a target of 150 by year-end, aimed at improving local presence and lead generation [5][9] - Cost efficiency initiatives are expected to deliver $100 million in cost reductions by the end of 2026, with a goal of achieving an operating margin above 20% post-2026 [10] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the continued positive trends and performance in the third quarter, with expectations to deliver financial results in line with market expectations for the full year [2][9] - The company noted that Q4 is seasonally quieter and anticipates a drag on organic growth due to the non-repeat of one-off emergency mosquito control work from the previous year [7][32] Other Important Information - The company completed three acquisitions in the quarter, bringing the total for the year to 21, with annualized revenue of approximately $39 million from these deals [9] - The company is also focusing on improving free cash flow through working capital management and capital expenditure optimization [25] Q&A Session All Questions and Answers Question: Could you talk about contract portfolio net gain improvement performance in Q3? - Management noted that the improvement in net gain was essential for achieving healthy organic growth, with both jobbing and contract portfolio showing positive trends [14][15] Question: What is the balance between lowering prices to take share and pushing through price increases? - Management indicated that pricing strategies are more sophisticated, focusing on identifying opportunities rather than a blanket approach to price increases [24] Question: Can you discuss expectations for growth in the next quarter? - Management refrained from making precise forecasts but expressed confidence in the positive momentum observed in lead flow and customer retention [31][32] Question: How is the integration of commercial branches progressing? - Management reported steady progress in the integration of commercial branches, focusing on easier conversions and ensuring cost savings and margin improvements [40][41] Question: When would it make sense to increase spend in marketing and sales? - Management emphasized the importance of demonstrable returns on marketing investments and indicated that they are getting better at measuring the effectiveness of their spending [47][49]

Core Insights - Coca-Cola Co. maintains its adjusted earnings and organic revenue growth guidance for the full-year 2025 while providing an outlook for the fourth quarter [1] Financial Projections - For fiscal 2025, Coca-Cola projects comparable currency neutral earnings growth of approximately 8 percent and comparable earnings per share growth of approximately 3 percent from the $2.88 per share reported in 2024, implying earnings of $2.97 per share [2] - The company continues to project organic revenue growth of 5 to 6 percent, with a 1 to 2 percent currency headwind and a 1 percent headwind from acquisitions, divestitures, and structural changes [2] Analyst Expectations - Analysts expect Coca-Cola to report earnings of $2.98 per share on revenue growth of 3.10 percent to $48.35 billion for the year, with estimates typically excluding special items [3] - For the fourth quarter, Coca-Cola anticipates comparable net revenues to include a slight currency tailwind, while comparable earnings per share are expected to include a 4 to 5 percent currency headwind [3] Strategic Developments - Coca-Cola Co. and Gutsche Family Investments agreed to sell a 75% controlling interest in Coca-Cola Beverages Africa Pty. Ltd. to Coca-Cola HBC AG, with an option for Coca-Cola HBC to acquire the remaining 25% within a six-year period from closing [4]

Core Viewpoint - Coca-Cola HBC's share price declined by 4% following the announcement of a significant acquisition in Africa and the release of third-quarter trading results [2][3]. Acquisition Details - Coca-Cola HBC has agreed to acquire a 75% stake in Coca-Cola Beverages Africa for $2.6 billion, with an option to purchase the remaining 25% later [3]. - The acquisition will create the second largest Coca-Cola bottling partner globally by volume, enhancing market positions in Africa and Europe [3][4]. - Funding for the deal will come from a €2.5 billion bridge financing facility and the issuance of shares to the Gutsche Family Investment Company, representing 5.47% of the enlarged entity [3]. Market Impact - Coca-Cola Beverages Africa operates in 14 African markets, accounting for approximately 40% of Coca-Cola's products sold on the continent by volume [4]. - The enlarged group is expected to represent two-thirds of Africa's total Coca-Cola system volume and cover over 50% of the continent's population [4]. Financial Performance - Coca-Cola HBC reported organic revenue growth of 5% in Q3, leading to a year-to-date growth of 8.1% [5]. - Organic volume growth was recorded at 1.1%, driven by the Sparkling and Energy portfolio, with organic revenue per case increasing by 3.8% year-on-year [5][6]. - Organic revenues rose across various territories, with established markets increasing by 1.2% and developing markets by 4.8% [7]. Product Performance - Sparkling volumes increased by 0.7%, while energy volumes surged by 34.3% due to new product launches [8]. - However, coffee volumes decreased by 34% as the company reduced its lower-margin retail channel [8]. Future Outlook - The acquisition is expected to close by the end of 2026 and is projected to boost earnings per share by low-single-digit percentages in the first full year post-completion [5]. - The company maintained its full-year guidance, anticipating organic revenue growth at the top end of a 6% to 8% range and organic EBIT growth at the upper end of a 7% to 11% band [9].