Core Viewpoint - THOR Industries has appointed Andy Murray as Senior Vice President of Strategy and Business Development to enhance supply chain capabilities and long-term value creation in the RV industry [1][3][8]. Group 1: Appointment and Background - Andy Murray brings over 20 years of executive experience from LCI Industries, where he served as Chief Sales Officer [2]. - His reputation in the RV and specialty manufacturing industries is well-established, which is expected to benefit THOR [2][3]. Group 2: Strategic Focus - In his new role, Murray will enhance operational and financial performance, identify growth opportunities, and strengthen collaboration across the RV ecosystem [3][7]. - THOR aims to leverage its scale and relationships to improve performance, innovation, and reliability in the supply chain [4][5]. Group 3: Commitment to the RV Industry - THOR's strategy is dedicated solely to the RV industry, aligning its interests with those of its supply customers [5]. - Recent investments, such as the acquisition of Synergy Design, LLC, reflect THOR's commitment to expanding capabilities for RV OEMs [6]. Group 4: Future Opportunities - Murray emphasizes the significant opportunities ahead for THOR in strengthening its supply chain capabilities and driving performance [7]. - The creation of this role signifies THOR's ongoing investment in its capabilities and positioning for sustainable growth [8].

Core Viewpoint - H.B. Fuller reported a challenging demand environment in Q1 of fiscal 2026, with a focus on managing supply chain disruptions due to the Middle East conflict while raising profit targets for the year [5][11][12]. Financial Performance - Operating cash flow improved by $49 million year over year, with expectations for fiscal 2026 to be weighted towards the second half [1] - Adjusted EPS was $0.57, up 6% from the prior-year quarter, attributed to higher operating income and fewer shares outstanding [2] - Adjusted EBITDA was $119 million, up 4% year over year, with an EBITDA margin expanding 90 basis points to 15.4% [3][7] Revenue and Volume Trends - Organic revenue decreased by 6.6% year over year, driven by a 7.2% decline in volume, although pricing increased by 0.6% [4][7] - Management updated fiscal 2026 guidance, expecting net revenue to rise mid-single digits and organic revenue to increase low single digits, reflecting pricing actions and anticipated market share gains [15] Segment Performance - Engineering Adhesives showed strength, offsetting weaker performance in Health, Hygiene and Consumables (HHC) [8] - HHC organic revenue declined by 10%, attributed to tighter inventory levels and a shift from premium to lower-cost products [9] - Building Adhesives Solutions (BAS) organic sales decreased by 5.1%, consistent with expectations due to challenging weather [9] Supply Chain and Pricing Actions - The Middle East conflict has caused significant supply disruptions, leading to over 40 force majeure notices and a global minimum 10% price increase [6][11][13] - Some finished goods price increases could reach 40% to 50% in specific cases, with the company leveraging its global sourcing infrastructure to secure materials [13][14] Capital Allocation and Strategic Focus - The company plans to pause M&A activities to prioritize share repurchases while targeting a net debt to EBITDA leverage of 2.5x to 3.0x [5][21] - Management expects to see a $15 million benefit from cost reductions related to the restructuring program, Project Quantum Leap [20]

Core Insights - Kracked Screens is expanding its national inventory and wholesale distribution operations to enhance product availability for independent cellphone repair shops across the United States [1][3] Inventory and Distribution Expansion - The expansion includes increased stocking capacity across more than 3,000 stock-keeping units (SKUs) and operational improvements for faster order fulfillment and better supply continuity [2] - The company has expanded warehouse capacity and integrated additional inventory from a regional competitor that ceased operations in 2022, stabilizing supply availability for repair businesses [4] - Kracked Screens maintains same-day local availability for select components and has a national shipping infrastructure to support customers across the U.S. [5] Workforce and Industry Engagement - The company has continued workforce expansion, hiring and training Ukrainian refugees in 2023, providing them with employment and operational training opportunities [6] - Kracked Screens is involved in industry initiatives, including membership in the eBay Small Business Ambassador Network, and attended eBay Open 2024 to engage with independent sellers and small business operators [7] Company Overview - Kracked Screens is a privately held wholesale distributor of cellphone repair parts based in the San Francisco Bay Area, founded by entrepreneur Stanley Kvitko [8] - The company operates without external venture funding and supports repair professionals through inventory distribution, recovery programs, and logistical services aimed at extending device life cycles [8]

THIRD QUARTER FY26: SUPPLEMENTAL INFORMATION March 2026 FORWARD-LOOKING STATEMENTS Global customer base of leading bedding and furniture companies, including fabrics produced at manufacturing facilities in the United States, China, Haiti, and Vietnam, and fabrics sourced through a dedicated supply relationship in Turkey and other suppliers. Founded: 1972 Headquarters: High Point, North Carolina Initial Public Offering: 1983 Fiscal 2025 Revenue*: $213.2 Million Employees: ~ 900 This presentation contains "fo ...

Core Insights - General Mills has appointed Jonathan Ness as the permanent Chief Supply Chain Officer (CSCO), effective March 16, after serving in an interim capacity since late January [2][3] - Ness has been with General Mills for nearly 20 years, holding various leadership roles in supply chain strategy, global finance, manufacturing, procurement, and transformation [4] - The appointment comes as General Mills is undergoing a multiyear organizational initiative aimed at improving its supply chain structure and competitiveness [4] Leadership and Strategy - Chairman and CEO Jeff Harmening praised Ness as a "people-first leader" who has been instrumental in shaping the supply chain organization and leading critical strategy and transformation initiatives [3] - Ness will report directly to the CEO and will be part of the Senior Leadership Team, succeeding former CSCO Paul Gallagher, who left for a position at 3M [3] Organizational Changes - The company has been actively working on improving its supply chain competitiveness, which included the closure of three manufacturing plants in Missouri last October [4] - Ness's leadership is expected to drive end-to-end supply chain performance, resilience, and operational excellence [3]

The following document has been prepared by JD.com, Inc. ("JD" or the "Company") solely for informational purposes and should not be construed to be, directly or indirectly, in whole or in part, an offer to buy or sell and/or an invitation and/or a recommendation and/or a solicitation of an offer to buy or sell any security or instrument or to participate in any investment or trading strategy, nor shall any part of it form the basis of, or be relied on in connection with, any contract or investment decision ...

Supernus Pharmaceuticals FY Conference Summary Company Overview - **Company**: Supernus Pharmaceuticals (NasdaqGM:SUPN) - **Date of Conference**: March 02, 2026 - **Key Speakers**: Jack Khattar (CEO), Timothy C. Dec (CFO) Key Points Industry and Company Position - Supernus is positioned differently today with a diverse portfolio of products, moving beyond reliance on a single product [2] - The company has four growth products and is experiencing accelerated growth with an exciting pipeline [2][3] Product Performance - **ONAPGO**: Recently reinitiated patient treatment after resolving supply constraints. The product has strong demand, evidenced by 500 patient forms submitted during supply issues [4][5][6] - **ZURZUVAE**: Launched with a focus on educating women about postpartum depression, aiming to increase awareness and usage [51][52] - **Qelbree**: Continues to perform well, with a stable mix of adult and pediatric prescriptions. The product is underutilized in the non-stimulant segment, presenting significant growth potential [42][43][44] Financial Guidance - ONAPGO revenue guidance is set between $45 million and $70 million, influenced by supply, demand, and fulfillment rates [24][26] - Peak sales for ONAPGO may exceed initial estimates of $200 million to $300 million due to overwhelming demand [38][40] Patient Demand and Market Dynamics - Demand for ONAPGO is strong, with patients willing to wait through supply disruptions rather than switch to competitors [10][12] - The company anticipates a conversion rate of 15%-25% from patient forms to actual patients, which is typical in the industry [22] Pipeline and Future Developments - The company is optimistic about its pipeline, with promising assets in Phase 2b studies expected to yield data in 2027 [59] - Supernus is actively pursuing business development opportunities, focusing on revenue-generating assets and later-stage products [58] Manufacturing and Supply Chain - A second supplier is expected to come online in 2027, which will help mitigate supply issues [29][32] - The company is working to streamline the patient initiation process to reduce friction points in fulfillment [23] Market Education and Awareness - Significant investment in educating healthcare providers and patients about ZURZUVAE and its benefits over traditional SSRIs [51][52][55] - The company aims to establish ZURZUVAE as the standard of care for postpartum depression [55] Conclusion - Supernus Pharmaceuticals is navigating a transformative phase with a robust product pipeline and strategic focus on market education and patient demand. The company is well-positioned for growth in the coming years, particularly with ONAPGO and ZURZUVAE.

Core Insights - The Producer Price Index (PPI) for final demand increased by 0.5% in January, with a 12-month rise of 2.9%, indicating rising cost pressures in logistics and distribution channels [3][16] - Service margins are rising, particularly in trade, where margins increased by 2.5%, suggesting that distribution layers are absorbing markups despite softening goods inputs [3][16] Supply Chain Risks - Middle-market firms are experiencing pricing volatility amid policy uncertainty, with nearly 30% of CFOs in goods-producing sectors citing high uncertainty [4] - Firms with a higher percentage of overseas suppliers (40% or more) report 33% high uncertainty, compared to 18% for those with only domestic suppliers [5] Cash Flow Management - 85% of U.S. middle-market firms utilize working capital solutions, with index scores rising to an average of 55 in 2025-26, up from 52 the previous year, reflecting improved cash flow visibility [10][11] - Early invoice payments increased to 41% in Canada, up from 34%, indicating a trend towards securing favorable terms and reinforcing supplier relationships [11] Technology Adoption - Adoption of artificial intelligence for working capital efficiency reached 42% across North America, helping firms model demand swings and synchronize payables with receivables [12] - The use of commercial and virtual cards among middle-market firms in Canada rose to 17% in 2025, up from 7% in 2024, streamlining workflows and reducing operational burdens [13][14] Consumer Behavior - As supply chains tighten and prices rise, consumer behavior adjusts, with 45% of millennials using credit card installment plans in the prior three months [15] - Households are smoothing cash flow in response to pricing variability, highlighting the impact of upstream cost volatility on consumer spending [16]

Financial Data and Key Metrics Changes - Acme United reported record sales and earnings in 2025, with net sales of $196.5 million, net income of $10.2 million, and earnings per share of $2.49, reflecting a 1% increase in sales compared to 2024 [3][10] - The gross margin for the fourth quarter was 38.2%, slightly down from 38.7% in 2024, while the annual gross margin was 39.4%, up from 39.3% in 2024 [11] - Net income for the fourth quarter increased by 10% to $1.9 million, and for the year, it rose by 2% compared to 2024 [13] Business Line Data and Key Metrics Changes - Sales of first aid and medical products were strong, while school and office products saw a decline due to tariff uncertainties [10][11] - The Westcott team expanded market share in cutting tools, particularly in the craft market, and introduced differentiated products using patented non-stick technology [5] - The acquisition of My Medic contributed approximately $19 million in revenues, enhancing the first aid segment [8][22] Market Data and Key Metrics Changes - Net sales in Europe increased by 22% in local currency for the fourth quarter and 4% for the year, driven by the acquisition of cutting and sharpening tools [11] - In Canada, net sales increased by 14% in local currency for the quarter and 16% for the year, with strong performance in first aid products [11] Company Strategy and Development Direction - The company is focusing on expanding its first aid and medical segments, with plans to integrate My Medic into its offerings and explore selective retail partnerships [21][24] - Investments in domestic production and international sourcing are expected to position the company well for growth in 2026 [9] - Future acquisitions may target both first aid and medical segments, as well as suppliers of components for existing products [25] Management's Comments on Operating Environment and Future Outlook - Management acknowledged challenges from high inflation, interest rates, and supply chain disruptions but expressed optimism about the company's positioning and growth potential [2][9] - The company anticipates a return to normal merchandising and promotion in the retail market as it moves into 2026 [9] Other Important Information - Acme United's bank debt decreased from $21.5 million in 2024 to $18.5 million in 2025, reflecting lower debt levels and interest rates [13] - The company generated $13 million in free cash flow before the purchase of a new facility in Tennessee for $6 million [14] Q&A Session Summary Question: Integration of My Medic and its revenue multiple - Management indicated that My Medic will be integrated into the first aid offering, with expected revenues of $19 million and an EBITDA of $1 million to $1.5 million, with a purchase price of $18.6 million including an earn-out and holdback [19][22] Question: Retail distribution for My Medic products - Management stated that the distribution will be selective and may include existing retailers, with plans still being developed [24] Question: Future acquisitions focus - Management noted that future acquisitions could be in first aid, medical, or components suppliers, with a focus on expanding capabilities in pre-hospital emergencies [25]

Financial Data and Key Metrics Changes - For the fourth quarter, consolidated operating income decreased by $3.8 million year-over-year to $143.7 million, with lower contributions from ocean transportation and logistics of $1.4 million and $2.4 million respectively [17] - For the full year, consolidated operating income decreased by $51.5 million year-over-year to $499.8 million, primarily due to lower contributions from ocean transportation and logistics [19] - Interest income for the quarter was $6.7 million, which is $3.6 million lower than the prior year due to a lower balance of cash and cash equivalents [18] - Net income and diluted earnings per share for the fourth quarter were $143.1 million and $4.60 respectively [18] Business Line Data and Key Metrics Changes - Ocean transportation operating income for the fourth quarter approached the prior year level, driven by higher-than-expected freight rates and volumes in the China service [4] - Logistics operating income decreased year-over-year, primarily due to a lower contribution from supply chain management [5][16] - Container volume in Hawaii increased by 0.6% year-over-year for the fourth quarter, while for the full year 2025, it increased by 1.6% [7] - Container volume in the China service decreased by 7.2% year-over-year in the fourth quarter and by 9.5% for the full year 2025 [8][10] Market Data and Key Metrics Changes - The Hawaii economy remains sluggish, with softer tourism and ongoing inflationary pressures impacting demand [7] - International tourism in Hawaii is expected to decline in 2026 before recovering in 2027 [8] - The Alaska economy continues to show good growth, supported by job increases in oil and gas and healthcare sectors [14][15] Company Strategy and Development Direction - The company is focused on expanding its network in Southeast Asia as customers diversify their operations [11][29] - There is a commitment to return excess capital to shareholders through dividends and share repurchase programs [22][30] - The company aims to maximize yield in the Transpacific trade lane while maintaining price stability [11][30] Management's Comments on Operating Environment and Future Outlook - Management expects consolidated operating income for full year 2026 to approach the level achieved in 2025, based on solid U.S. consumer demand and a stable trading environment [5][27] - The tariff uncertainties from 2025 are mostly behind, providing stability in the Transpacific trading environment [28] - Management anticipates a more normal operating income seasonality pattern in 2026, with the second and third quarters being the strongest [6][10] Other Important Information - The company repurchased approximately 0.7 million shares for a total cost of $78.1 million in the fourth quarter [20] - Total debt at the end of the fourth quarter was $361.2 million, a reduction of $9.7 million from the end of the third quarter [22] - The company expects to invest approximately $425 million in new vessel construction expenditures in 2026 [24] Q&A Session Summary Question: Impact of Red Sea sailings on guidance - Management indicated that the broader transpacific trade is oversupplied, and the guidance is independent of whether the Red Sea opens or not [35] Question: Signs of seasonal recovery post-Lunar New Year - Management noted a traditional recovery from Lunar New Year, with no significant spike in demand pre-holiday [39] Question: Pricing environment in 2026 - Management expects to maintain a disciplined approach to pricing, focusing on yield management rather than filling ships [46] Question: Volume from Thailand route - The Thailand route is expected to ramp up slowly, with initial volumes starting at 50 loads per sailing [49] Question: Maritime Action Plan impact - Management views the Maritime Action Plan as an aspirational blueprint for U.S. shipbuilding, with no immediate impact on the Jones Act [53]