CORK, Ireland, Jan. 12, 2026 /PRNewswire/ -- Johnson Controls International plc (NYSE: JCI), the global leader for smart, healthy and sustainable buildings, announces the following webcast: What: Johnson Controls First Quarter Fiscal 2026 Earnings Conference Call When: Wednesday, Feb. 4, 2026, at 8:30 a.m. ET How: The conference call for investors can be accessed in the following ways: INVESTOR CONTACT: MEDIA CONTACT: | Mike Gates | Danielle Canzanella | | --- | --- | | Direct: 414.524.5785 | Direct: 414.52 ...

thLONDON, Jan. 12, 2026 /PRNewswire/ -- ECARX Holdings Inc. (Nasdaq: ECX) ("ECARX" or the "Company"), a global mobility tech provider, today announced that it has entered into a subscription agreement with Geely Investment Holding Ltd. ("Geely Holding") on January 8, 2026. Under the terms of the agreement, Geely Holding has agreed to subscribe for and purchase from the Company, through a private placement, a total of 27,297,002 newly issued Class A ordinary shares of the Company at a price of US$1.67 per o ...

Core Insights - ParaZero Technologies Ltd. successfully completed its first live DefendAir demonstration in Europe, marking a significant milestone in its strategic expansion into NATO-aligned markets [1][4] - The demonstration showcased the operational capabilities of the DefendAir counter-UAS platform, effectively neutralizing simulated hostile drones in relevant scenarios [2][3] Company Overview - ParaZero Technologies is an aerospace defense company specializing in smart, autonomous solutions for the global manned and unmanned aerial systems (UAS) industry, founded in 2014 by aviation professionals and drone industry veterans [5] - The company's product portfolio includes SafeAir, DefendAir, and DropAir, focusing on aerial safety, counter-drone protection, and precision aerial delivery [5] Strategic Developments - The live demonstration was attended by approximately 40 senior military officers from NATO member states, indicating strong interest and potential for future procurement [2][3] - Positive feedback from military officials validates the readiness and effectiveness of DefendAir as a mission-critical solution, leading to follow-up discussions and tender processes with the new distributor [4]

Financial Data and Key Metrics Changes - Non-GAAP earnings per diluted share for Q3 2025 were reported at $3.64, consistent with expectations and the same quarter in 2024 [7][15] - Operating cash flow generated in Q3 was approximately $262 million, with capital expenditures budgeted at $325 million for 2025 [7][19] - The company returned $124 million to shareholders through dividends and share repurchases during the quarter [8] Business Line Data and Key Metrics Changes - Tons sold in Q3 reached a record high, increasing by 6.2% compared to Q3 2024, outperforming the service center industry which reported a decrease of 2.9% [9][11] - Non-residential construction accounted for roughly one-third of Q3 sales, with strong demand driven by public infrastructure projects [11] - Aerospace products represented about 9% of total sales, with demand on the commercial side slightly down due to excess inventory [13] Market Data and Key Metrics Changes - U.S. market share increased to 17.1%, up from 14.5% in 2023, attributed to a profitable growth strategy [4] - The competitive market environment has led to pricing pressures, particularly in carbon steel products, impacting gross profit margins [10][16] - The semiconductor market remains under pressure from excess inventory, affecting pricing and margins [13][16] Company Strategy and Development Direction - The company focuses on smart, profitable growth strategies, emphasizing customer service and operational efficiency to capture market share [4][26] - Investments in advanced processing equipment and growth initiatives are prioritized to strengthen long-term growth [7][19] - The company remains committed to returning capital to shareholders while pursuing M&A opportunities to enhance geographic reach and capabilities [7][19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the underlying margin profile despite recent gross profit margin headwinds due to trade policy uncertainty and inventory levels [5][21] - The expectation for Q4 is stable demand across diversified end markets, with tons sold anticipated to increase by 3.5% to 5.5% compared to Q4 2024 [21] - Management believes that pricing for most products has stabilized entering Q4, with expectations for flat to slightly improved gross profit margins [21] Other Important Information - The company generated strong cash flow from operations, allowing for strategic capital allocation [19] - The net debt to EBITDA ratio remains favorable at less than 1, providing significant liquidity for capital allocation priorities [20][21] - The company is navigating a competitive environment while maintaining high levels of customer service [9][10] Q&A Session Summary Question: Is any of the gross margin compression attributable to the focus on growing volumes? - Management acknowledged that while there may be some impact from growing volumes, the primary reason for margin compression is the unique market conditions and excess inventory in specialty products [24][26] Question: Can you talk about the inventory levels on your balance sheet? - Management indicated that inventory levels have increased partly due to mill price increases and a slight uptick in tons sold, allowing the company to better service customers [28] Question: How close are we to seeing appropriate levels of inventory? - Management believes that destocking is progressing, with lead times for certain products beginning to extend, indicating a potential inflection point [33][34] Question: How does Reliance win new business? - The company focuses on execution and customer service rather than price, leveraging expanded processing capabilities and strong relationships with customers [36][37] Question: What is the outlook for LIFO accounting impacts? - Management explained that LIFO expenses are based on annual estimates and will likely continue into Q4, but expect to see improvements as costs stabilize [39][40] Question: What is the current state of the M&A landscape? - Management noted a steady flow of M&A opportunities, with valuations generally reasonable and activity levels returning to normal [66] Question: How do you view capital allocation between share buybacks and business investments? - Management considers share buybacks a low-risk use of capital and adjusts activity based on market conditions while also investing in business growth [94][95]

Financial Data and Key Metrics Changes - Non-GAAP earnings per diluted share for Q3 2025 were reported at $3.64, consistent with expectations and the same quarter in 2024 [6][14] - Operating cash flow generated in Q3 was approximately $262 million, with capital expenditures for the year remaining at $325 million [6][18] - The company returned $124 million to shareholders through dividends and share repurchases during the quarter [7] Business Line Data and Key Metrics Changes - Tonnes sold in Q3 reached a record high, increasing by 6.2% compared to Q3 2024, outperforming the service center industry which reported a decrease of 2.9% [3][8] - Non-residential construction accounted for roughly one-third of Q3 sales, driven by strong demand in public infrastructure projects [10] - Aerospace products represented about 9% of total sales, with demand in defense and space-related programs remaining strong despite slight declines in commercial demand [12] Market Data and Key Metrics Changes - U.S. market share increased to 17.1% in Q3 2025, up from 14.5% in 2023, attributed to a profitable growth strategy [3] - The competitive market environment has led to pricing pressures, particularly in carbon steel products, affecting gross profit margins [4][9] - The semiconductor market continued to face pressure from excess inventory, impacting pricing and margins across various products [15] Company Strategy and Development Direction - The company aims to maintain a long-term sustainable gross profit margin range of 29% to 31% despite short-term headwinds [4] - Focus on capital allocation strategies to drive growth and enhance shareholder returns, including investments in advanced processing equipment [6][19] - The company is committed to pursuing M&A opportunities to enhance geographic reach and expand value-added capabilities [6][63] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the underlying margin profile of the business, despite current market challenges [4] - Anticipated stable overall demand in Q4 2025, with an estimated increase in tonnes sold compared to Q4 2024 [20] - Management expects pricing for most products to stabilize entering Q4, with flat to slightly improved gross profit margins anticipated [20] Other Important Information - The company generated strong cash flow from operations, allowing for strategic investments and shareholder returns [18] - The net debt to EBITDA ratio remains favorable at less than 1, providing significant liquidity for capital allocation priorities [20] Q&A Session Summary Question: Is any of the gross profit margin compression attributable to the focus on growing volumes? - Management acknowledged the unique market conditions affecting margins, emphasizing that while volume growth is important, current pricing pressures are primarily due to market dynamics [23][24] Question: Can you discuss the inventory levels on the balance sheet? - Management indicated that inventory levels have increased due to mill price increases and a slight uptick in tonnes sold, allowing the company to better service customers [27] Question: How does Reliance win new business? - The company focuses on execution and customer service rather than price, leveraging expanded processing capabilities and strong relationships to win new business [35][36] Question: When do you expect to see a neutral LIFO environment? - Management explained that LIFO expenses are based on annual estimates and will likely continue into Q4, with expectations for improvement in 2026 [37][39] Question: What is the outlook for the aerospace and semiconductor markets? - Management anticipates continued improvement in these markets as supply chains work through excess inventory, with a positive long-term outlook [45][46] Question: How do you view the M&A landscape? - The company sees a steady flow of M&A opportunities and believes it is a reasonable environment for acquisitions, with valuations generally considered reasonable [63] Question: Are there any SG&A levers to protect operating margins? - Management is focused on operational efficiencies and has reduced headcount while maintaining service levels to protect margins [68][69]

Financial Data and Key Metrics Changes - Non-GAAP earnings per diluted share for the third quarter of 2025 were reported at $3.64, consistent with expectations and the same quarter in 2024 [5][14] - Operating cash flow generated in the third quarter was approximately $262 million, reflecting strong financial performance [5][18] - The company maintained a long-term sustainable gross profit margin range of 29% to 31% despite experiencing short-term headwinds [4][19] Business Line Data and Key Metrics Changes - Tonnes sold reached a record for the third quarter, increasing by 6.2% compared to the same quarter in 2024, significantly outperforming the service center industry which reported a decrease of 2.9% [3][8] - Non-residential construction accounted for roughly one-third of third quarter sales, driven by strong demand in public infrastructure projects [10] - Aerospace products represented approximately 9% of total sales, with demand in defense and space-related programs remaining strong despite slight declines in commercial demand [11] Market Data and Key Metrics Changes - The company's U.S. market share increased to 17.1%, up from 14.5% in 2023, attributed to a smart growth strategy and high levels of customer service [3][10] - The competitive market environment has led to pricing pressures, particularly in carbon steel products, impacting gross profit margins [4][9] - Demand in the semiconductor market remained under pressure due to excess inventory, affecting pricing and margins [11][15] Company Strategy and Development Direction - The company is focused on investing for growth and delivering value to customers and stockholders, supported by strong cash generation [7][19] - A balanced capital allocation strategy is in place, with $124 million returned to stockholders through dividends and share repurchases during the quarter [5][6] - The company is pursuing M&A opportunities to enhance geographic reach and expand value-added capabilities [5][19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the underlying margin profile of the business despite current market challenges, anticipating stabilization in pricing for most products entering the fourth quarter [4][19] - The company expects overall demand in the fourth quarter to remain stable, with tons sold estimated to increase by 3.5% to 5.5% compared to the fourth quarter of 2024 [19][20] - Management highlighted the importance of maintaining service levels and operational efficiency to navigate the competitive environment [57] Other Important Information - The company generated $81 million in capital expenditures during the third quarter, with a total capital expenditure budget of $325 million for 2025 [5][18] - The net debt to EBITDA ratio remains favorable at less than 1, providing significant liquidity for capital allocation priorities [18][19] Q&A Session Summary Question: Is any of the gross profit margin compression attributable to the focus on growing volumes? - Management acknowledged the unique market conditions affecting margins and emphasized that while volume growth is important, the primary impact on margins has been from market dynamics and specialty product performance [23][24] Question: Can you discuss the inventory levels on the balance sheet? - Management explained that inventory levels have increased due to pricing and higher tonnes sold, allowing the company to better service customers while competitors have pulled back on inventory [27] Question: When do you expect to see appropriate levels of inventory? - Management indicated that destocking is ongoing, with signs of improvement in lead times for certain products, suggesting a potential inflection point in inventory levels [31][32] Question: How does Reliance win new business? - Management highlighted that winning new business is primarily through execution and service rather than price, with a focus on expanding processing capabilities and customer education [33][34] Question: What is the outlook for the aerospace and semiconductor markets? - Management expects continued improvement in the supply chain for high-value products in aerospace and semiconductors, with a positive long-term outlook [39][40] Question: How do you view the M&A landscape? - Management noted a steady flow of M&A opportunities, with reasonable valuations and a favorable environment for potential acquisitions [55] Question: How are you managing SG&A expenses amidst gross profit margin headwinds? - Management is focused on operational efficiencies and has reduced headcount while maintaining service levels to protect operating margins [57][58] Question: What is the expected impact of seasonality on the business? - Management anticipates typical seasonal trends, with Q1 and Q2 being the strongest quarters, and expects a bounce back in Q1 2026 after the usual Q4 decline [81][82]

Core Insights - Johnson Controls International plc (JCI) is a global leader in smart, sustainable building solutions with a market cap of $72.8 billion, providing advanced HVAC, fire, security, and energy management systems [1] Financial Performance - The company is expected to announce its fiscal Q4 2025 results on November 5, with analysts predicting an adjusted EPS of $1.20, a decrease of 6.3% from $1.28 in the same quarter last year [2] - For fiscal 2025, adjusted EPS is forecasted at $3.70, slightly down from $3.71 in fiscal 2024, but anticipated to rise 18.4% year-over-year to $4.38 in fiscal 2026 [3] Stock Performance - Over the past 52 weeks, JCI shares have increased by 42.4%, outperforming the S&P 500 Index's gain of 14.9% and the Industrial Select Sector SPDR Fund's return of 12.1% [4] Recent Developments - In Q3 2025, JCI reported an adjusted EPS of $1.05 and total revenue of $6.1 billion, but shares fell by 7.4% due to a 2% year-over-year increase in organic orders and an 8% decline in APAC orders [5] - The Americas segment, which is the largest revenue contributor, showed flat reported sales and a 150 basis point decline in EBITA margin to 18.4% [5] - The company raised its full-year adjusted EPS guidance to $3.65–$3.68, but the Q4 organic sales growth outlook of "low single digits" and modest margin expansion targets did not meet investor expectations [6] Analyst Sentiment - Analysts maintain a cautiously optimistic view on JCI stock, with a consensus "Moderate Buy" rating; among 21 analysts, 12 recommend a "Strong Buy" and 9 suggest a "Hold" [7] - The average analyst price target for Johnson Controls is $116.53, indicating a potential upside of 7.3% from current levels [7]

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Core Insights - Johnson Controls International plc is set to hold its Fourth Quarter Fiscal 2025 Earnings Conference Call on November 5, 2025, at 8:30 a.m. ET [1] - The company is recognized as a global leader in smart, healthy, and sustainable buildings, focusing on transforming environments for various sectors including healthcare, education, and manufacturing [1] - Johnson Controls has a legacy of 140 years in innovation and offers a comprehensive digital solution called OpenBlue, which enhances building performance [1] Company Overview - Johnson Controls operates with a mission to reimagine building performance to benefit people, places, and the planet [1] - The company boasts the largest portfolio of building technology and software, along with service solutions from trusted industry names [1] Conference Call Details - The conference call can be accessed via webcast and telephone, with a replay available for those unable to attend live [2] - A slide presentation will be available for download on the morning of the call [2] - Specific dial-in numbers and passcodes for both live participation and replay are provided for convenience [2]

Core Insights - Concorde International Group Ltd. reported a strong financial performance for the first half of 2025, with revenue increasing approximately 11% year-over-year to $6.0 million and gross profit growing 30% to $1.9 million [3][4] - The gross margin improved significantly, rising by 450 basis points to 31.5% compared to 27.0% in the same period last year [3][7] - The company anticipates continued growth in the second half of the year, driven by the deployment of high-margin recurring revenue services [3] Financial Performance - Revenue for H1 2025 was approximately $6.0 million, up from $5.4 million in H1 2024, marking an 11% increase [4][7] - Gross profit for H1 2025 reached $1.9 million, compared to approximately $1.5 million in H1 2024, reflecting a 30% increase [4][7] - Operating loss was approximately $2.5 million in H1 2025, a significant improvement from an operating loss of approximately $83.3 million in H1 2024, which was affected by a one-time share-based compensation expense [5] Strategic Initiatives - The company plans to expand internationally into Malaysia, Australia, and North America through partnerships with local providers to meet rising labor costs and demand for tech-enabled solutions [3] - The recent acquisition of Software Risk's assets is expected to enhance Concorde's technology portfolio with a cloud-based platform that improves productivity and reduces costs [3] Cash Position - As of June 30, 2025, the company had cash and cash equivalents of approximately $2.4 million, an increase from $1.0 million at the end of 2024 [5]