Honeywell International Inc. (NASDAQ:HON) Bank of America 2025 Industrials, Transportation, and Airlines Key Leaders Conference May 13, 2025 8:00 AM ET Company Participants Mike Stepniak - SVP and CFO Sean Meakim - VP, IR Conference Call Participants Andrew Obin - Bank of America Andrew Obin With that, we're going to kick off right on time. We have Honeywell. We upgraded Honeywell last week. The stock is neglected, for a lack of a better term. And we think there's a lot of good news happening below the surf ...

Core Insights - CSX Corporation is facing significant headwinds in 2025 due to ongoing projects such as the Blue Ridge Subdivision rebuild and the Howard Street Tunnel project, yet it is experiencing high volume levels and operational improvements [3]. Group 1: Company Performance - The company reported that volumes are reaching some of the highest levels of the year, indicating a positive trend in operational capacity [3]. - The impact of Hurricane Helene last year led to significant outages, particularly affecting the Blue Ridge rebuild project [4]. Group 2: Conference Highlights - The conference call featured Sean Pelkey, EVP and CFO of CSX, who emphasized the importance of the ongoing projects and their implications for future growth [3]. - The conference marks CSX's 17th consecutive appearance, showcasing the company's commitment to engaging with investors and stakeholders [1].

Core Insights - The current earnings estimates for Q2 2025 for the S&P 500 index indicate a growth of +6.4% year-over-year, driven by a +3.9% increase in revenues [3][5] - The earnings season is more focused on assessing the impact of macroeconomic uncertainties rather than just the Q1 earnings results [5][20] - There has been a notable decline in earnings estimates across various sectors, particularly in Transportation, Autos, Energy, Construction, and Basic Materials [6] Earnings Performance - Total Q1 earnings for 419 S&P 500 members that have reported are up +12.2% from the same period last year, with 73.7% beating EPS estimates and 61.8% beating revenue estimates [5] - The Tech sector's earnings are expected to grow by +12.8% in Q2 with +9.9% higher revenues, although these expectations have decreased since early April [7][11] Sector-Specific Trends - The Tech sector has recently seen a reversal in earnings estimate trends, with notable improvements in estimates for major companies like Microsoft, Alphabet, and Meta [11][12] - Despite the overall downward trend in estimates, the recent adjustments in the Tech sector suggest a potential recovery in earnings expectations [11][12] Future Outlook - There is an expectation for further downward adjustments in earnings estimates as the impact of tariffs becomes more evident in economic data [20] - The modestly negative GDP read for Q1 reflects anticipatory effects of the trade regime, indicating that companies are preparing for the new levies [20]

Core Points - Mullen Group Ltd. announced the results of the vote on the election of directors at the annual meeting of shareholders held on May 6, 2025 [1] Group 1: Election Results - Christine McGinley received 56,379,939 votes for, representing 95.92%, with 2,396,192 votes withheld (4.08%) [2] - Stephen Lockwood received 56,549,057 votes for, representing 96.21%, with 2,227,074 votes withheld (3.79%) [2] - Laura Hartwell received 57,499,810 votes for, representing 97.83%, with 1,276,321 votes withheld (2.17%) [2] - Murray Mullen received 55,339,017 votes for, representing 94.15%, with 3,437,114 votes withheld (5.85%) [2] - Sonia Tibbatts received 55,051,119 votes for, representing 93.66%, with 3,725,012 votes withheld (6.34%) [2] - Jamil Murji received 57,513,302 votes for, representing 97.85%, with 1,262,829 votes withheld (2.15%) [2] - Richard Whitley received 57,478,676 votes for, representing 97.79%, with 1,297,455 votes withheld (2.21%) [2] - Benoit Durand received 57,588,463 votes for, representing 97.98%, with 1,187,668 votes withheld (2.02%) [2] Group 2: Company Overview - Mullen Group is a public company with a significant history of acquiring companies in the transportation and logistics industries [3] - The company operates one of the largest portfolios of logistics companies in North America, offering a wide range of services including less-than-truckload, truckload, warehousing, logistics, and specialized hauling transportation [3] - Mullen Group also provides specialized services related to energy, mining, forestry, and construction industries in western Canada, including water management and environmental reclamation [3] - The corporate office supports its independent businesses with capital, financial expertise, legal support, technology, and strategic planning [3]

来源：同花顺iFinD 5月7日，A股三大指数集体上涨，截至午间收盘，沪指上涨0.64%，报3337.23点；深成指上涨0.19%， 报10101.18点；创业板指上涨0.40%，报1994.38点；北证50指数上涨0.67%，报1383.05点。 全市场上涨个股有3481家，下跌个股有1712家，99只股涨停。两市半日合计成交9658亿。板块题材上， 军工、脑机接口、大飞机、房地产、纺织制造、化学化工板块涨幅居前；影视院线、游戏、AI应用、 半导体板块跌幅居前。 | 大盘 | 板块 | 个股 | 看盘广场 | | --- | --- | --- | --- | | 图午间休盘 | | | -242.01亿 大盘资金净流入 | | 13:00 继续开盘 | | | | | 上证指数 | 深证成指 | | 创业板指 | | 3337.23 | 10101.18 | | 1994.38 | | +21.12 +0.64% | +18.84 +0.19% | | +7.97 +0.40% | | 跌 1712 | | | 涨3481 > | | 今日实时成交额9890亿 | | | 较上一日此时 +1226亿 | ...

Group 1 - Warren Buffett criticized the U.S. trade policy, emphasizing that trade should not be used as a weapon and that imposing tariffs is a mistake, especially given the global population's perception of the U.S. [1][2] - Buffett's comments followed the announcement of the highest tariffs on imports in generations, which caused significant volatility in the stock market [2][3] - The U.S. has imposed a 145% tariff on Chinese goods, leading to a 125% retaliatory tariff from China, with potential trade negotiations being evaluated by China [3] Group 2 - Investors sought Buffett's insights on navigating the uncertain macroeconomic environment and the state of the economy, particularly after the first-quarter GDP contraction [4] - Berkshire Hathaway's first-quarter earnings report indicated that tariffs and geopolitical events have created considerable uncertainty for the conglomerate, with no ability to predict the potential impact of tariffs at this time [5] - Buffett has been in a defensive mode, selling stocks for 10 consecutive quarters, resulting in a record cash pile of $347 billion at the end of March [6]

Core Viewpoint - Landstar System, Inc. is under investigation for potential violations of federal securities laws and unlawful business practices following the identification of significant supply chain fraud that may impact its earnings [1][2]. Group 1: Company Developments - On April 2, 2025, Landstar disclosed a significant supply chain fraud that could negatively affect its first quarter 2025 earnings per share by $0.35 to $0.50 [2]. - Following the fraud revelation, Landstar retracted its previously issued earnings guidance for the first quarter of 2025, leading to a decline in its stock price [2]. - On April 25, 2025, Landstar announced it would be unable to file its quarterly report on time due to ongoing evaluations of accounting and internal control matters related to the identified fraud, resulting in further stock price drops [2]. Group 2: Legal Actions - Bragar Eagel & Squire, P.C. is investigating potential claims on behalf of Landstar stockholders who may have suffered losses due to the company's recent disclosures and actions [1][3]. - The law firm is reaching out to long-term stockholders and those with information regarding the situation to discuss their rights and interests [3].

NEW YORK, April 30, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of TFI International Inc. (NYSE: TFII) between April 26, 2024 and February 19, 2025, both dates inclusive (the “Class Period”), of the important May 13, 2025 lead plaintiff deadline. SO WHAT: If you purchased TFI International securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee ar ...

Core Insights - Parsons Corporation reported record first quarter results for total revenue, net income, earnings per share, adjusted EBITDA, and backlog, indicating strong performance and growth potential [3][5][8]. Financial Performance - Total revenue for Q1 2025 increased by $19 million, or 1%, to $1.6 billion, with a 2% decline on an organic basis. Excluding a confidential contract, total revenue growth was 11% and organic revenue growth was 7% [5][8]. - Operating income rose by 7% to $109 million, while net income surged by 67% to $66 million, attributed to improved operating performance and a prior year loss from convertible debt repurchase [5][8]. - GAAP diluted earnings per share (EPS) increased to $0.60 from $0.37 year-over-year, reflecting strong financial results [5][8]. Adjusted Metrics - Adjusted EBITDA for Q1 2025 was $149 million, a 5% increase from the previous year, with an adjusted EBITDA margin expanding by 40 basis points to 9.6% [6][8]. - Adjusted EPS rose to $0.78 from $0.70, driven by the increase in adjusted EBITDA [6][8]. Segment Performance - The Federal Solutions segment experienced a revenue decline of 7% to $842.6 million, but showed an 8% increase when excluding the confidential contract [9][10]. - The Critical Infrastructure segment reported a 14% revenue increase to $711.8 million, driven by organic growth and contributions from recent acquisitions [11][12]. Backlog and Book-to-Bill Ratio - Total backlog reached a record $9.1 billion, up $42 million from Q1 2024, with a book-to-bill ratio of 1.1x supported by a 1.4x ratio in the Critical Infrastructure segment [8][14]. - The company won four contracts worth over $100 million each during the first quarter, contributing to strong net bookings of $1.8 billion [14][18]. Corporate Highlights - Parsons was recognized as one of the World's Most Ethical Companies for the 16th consecutive year, reflecting its commitment to responsible enterprise practices [16][18]. - The Board of Directors increased the stock repurchase authorization to $250 million, with approximately 424,000 shares repurchased at an average price of $58.95 during Q1 2025 [18][19]. Fiscal Year Guidance - The company reiterated its fiscal year 2025 guidance for revenue between $7.0 billion and $7.5 billion, adjusted EBITDA of $640 million to $710 million, and cash flow from operations of $420 million to $480 million [19][17].

Company Overview - Mullen Group Ltd. is a public company with a significant history of acquiring companies in the transportation and logistics sectors, boasting one of the largest portfolios of logistics companies in North America [5] - The company provides a wide range of services including less-than-truckload, truckload, warehousing, logistics, transload, oversized, third-party logistics, and specialized hauling transportation [5] - Mullen Group also offers specialized services related to energy, mining, forestry, and construction industries in western Canada, such as water management, fluid hauling, and environmental reclamation [5] Annual Meeting Details - Mullen Group will host its Annual Meeting on May 6, 2025, at 3:00 PM MDT, which will be conducted virtually [1] - Registered shareholders and duly appointed proxyholders can attend, participate, and vote in real time, while non-registered shareholders can attend as guests but cannot vote or ask questions [2] - Shareholders are encouraged to vote prior to the meeting using methods outlined in the Management Information Circular [3] Additional Information - Further details regarding the meeting, including the business to be covered, can be found in the Circular and other materials filed on SEDAR+ and the company's website [4] - Mullen Group is listed on the Toronto Stock Exchange under the symbol "MTL" [6]