Boeing Co. is bracing for the first strike in nearly three decades at its St. Louis-area defense factories after union members rejected the company’s modified contract offer. https://t.co/skY0MzZMrr ...

Some retail investors are notching big returns from Italian and German defense companies https://t.co/yhVdzmzM7E ...

Financial Data and Key Metrics Changes - First quarter sales were $436 million, a 7.3% increase year over year, driven by strong performance in Aerospace and Defense (A&D) and Industrial segments [4] - Consolidated gross margin for the quarter was 44.8%, down from 45.3% in the same period last year, while adjusted diluted EPS was $2.84, up from $2.54, representing an 11.8% growth year over year [4][16] - Free cash flow reached a record $104.3 million, with a conversion rate of 152%, compared to $88.4 million and 144% last year [4][17] Business Line Data and Key Metrics Changes - A&D sales increased by 10.4% year over year, with commercial aerospace growing by 9.6% and defense by 11.9% [5] - The industrial segment grew by 5.5% year over year, with distribution and aftermarket up by 10% [5] - Industrial gross margins were 46%, while A&D margins were 42.3%, with adjusted industrial gross margins at 47.1% [14][15] Market Data and Key Metrics Changes - The backlog exceeded $1 billion for the first time, with $100 million attributed to industrial products [7] - The U.S. GDP expansion of 3% confirmed a strong industrial economy, with expectations for positive demand influenced by recent tax treatments for capacity investments [6][7] Company Strategy and Development Direction - The company is focused on organic growth through product innovation and market development, with plans to expand capacities to meet customer demands [8][9] - The recent acquisition of VAACO is expected to enhance capabilities in marine and defense sectors, with strong synergies anticipated [10][11] - A well-defined five-year outlook is in place, with strategic planning based on historical sales and customer demand forecasts [24] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, citing unprecedented demand in key market areas and a strong balance sheet [12] - The company anticipates continued growth in the defense sector, projecting high single to low double-digit expansion for many quarters [8] - Management noted that the industrial distribution business saw a 10% increase, indicating a positive trend in the industrial economy [45] Other Important Information - The company plans to use generated cash to pay off debt and maintain a focus on deleveraging [17] - Guidance for the second quarter projects revenues between $445 million and $455 million, representing year-over-year growth of 11.8% to 14.4% [18] Q&A Session Summary Question: What parts of the five-year outlook can be shared? - The company is aligning historical sales by account and assessing capacity needs based on customer demand forecasts [23][24] Question: Will more CapEx be needed for capacity expansion? - The company plans to maintain CapEx in the range of 3% to 4% of depreciation, with some real estate consolidation expected [26][28] Question: How will the recent infrastructure bill impact the business? - The bill is expected to positively affect demand from smaller industrial customers, while its impact on A&D is less clear [30] Question: What is the expected revenue contribution from VACCO? - VACCO is anticipated to contribute approximately $10 million to $11 million monthly, with all revenue going into the A&D segment [33][37] Question: What are the trends in commercial aerospace? - Build rates are stabilizing, and the company expects to expand content on existing contracts with OEMs [38][39] Question: Is there confidence in sustainable industrial expansion? - The company sees positive signs in industrial distribution, with expectations for growth driven by recent tax changes [44][70] Question: How is the integration of VACCO progressing? - The integration is expected to enhance margins over 18 to 24 months, similar to past acquisitions [50][51] Question: Will supply chain constraints affect growth? - The company has secured extensive inventories of exotic materials to mitigate supply chain challenges [62][63]

Core Viewpoint - National Presto Industries, Inc. has experienced a decline in stock performance despite significant revenue growth, primarily driven by challenges in profitability and external pressures such as tariffs and supply chain issues [1][5][9]. Financial Performance - For Q2 2025, National Presto reported earnings per share (EPS) of 72 cents, down from 85 cents year-over-year [2]. - Net sales reached $120.4 million, marking a 41.6% increase from $85.1 million in the same quarter last year [2]. - Net earnings decreased by 15.2% year-over-year to $5.2 million, compared to $6.1 million in Q2 2024 [2]. - Cumulative net sales for the first half of 2025 were $224.1 million, up 38.6% from $161.7 million in the first half of 2024 [3]. - Net earnings for the six-month period slightly increased to $12.8 million from $12.6 million a year earlier, with EPS at $1.79 versus $1.78 [3]. Segment Performance - The Defense segment saw a revenue increase of $33.7 million, or 50.9%, attributed to heightened shipments from existing backlog orders, with operating earnings rising by $5.5 million, a 61% increase from Q2 2024 [4]. - The Housewares/Small Appliances segment experienced a revenue increase of $1.7 million, or 9%, but reported a significant operating loss due to Trump-era tariffs and a supplier bankruptcy [5]. - The Safety segment reported nominal sales and incurred a loss, with no improvements or outlook shifts indicated [6]. Management Insights - President Maryjo Cohen emphasized that the Defense segment is the key growth driver, benefiting from backlog execution and new awards [7]. - The Housewares/Small Appliances segment's performance was negatively impacted by external pressures, including increased tariff costs and supply chain disruptions [7]. - The company is prioritizing future revenue from government contracts over short-term financial gains from its investment portfolio, as indicated by substantial investments in inventory for Defense operations [8]. Earnings Influences - Despite substantial sales growth in the Defense segment, overall earnings were pressured by challenges such as Trump tariffs affecting the Housewares segment, supplier bankruptcy losses, and capital tied up in Defense-related inventory [9][10].

Core Viewpoint - Palantir Technologies Inc. is expected to report strong year-over-year growth in earnings and revenues for Q2 2025, but its current stock valuation appears high compared to industry peers [1][5][11]. Financial Performance - The Zacks Consensus Estimate for Q2 2025 earnings is 14 cents, reflecting a 55.6% increase from the same quarter last year [1]. - Total revenue is estimated at $938.3 million, indicating a 38.4% year-over-year growth [1]. - Government segment revenues are projected at $510.5 million, up 37.7% year-over-year, while Commercial segment revenues are expected to reach $429.3 million, reflecting a 39.7% increase [8]. Earnings Surprise History - Palantir has a strong history of earnings surprises, exceeding the Zacks Consensus Estimate in three of the last four quarters, with an average surprise of 12.7% [2][3]. Valuation Concerns - Palantir's stock has surged 107% year-to-date, significantly outperforming the industry average growth of 18% [9]. - The company's current valuation metrics are concerning, with a forward 12-month Price/Earnings ratio of 234.86X and an EV-to-EBITDA ratio of 2103.6X, both substantially higher than industry averages [10][11]. Market Sentiment - Despite strong business performance in both Government and Commercial segments, there is cautious sentiment among analysts regarding Palantir's high valuation and potential for a pullback if earnings expectations are not met [11].

Iveco agreed to sell its defense unit to Leonardo for an enterprise value of €1.7 billion ($1.95 billion), in a step toward a planned breakup of the maker of commercial trucks and military vehicles https://t.co/yr8wsnyCTh ...

Telefonica has identified an opportunity to grow its defense business outside Spain as countries across Europe ramp up military spending, its executive chairman says https://t.co/aVDbo0lDXj ...

Claire Burghoff claire.burghoff@kratosdefense.com Investor Information: 877-934-4687 investor@kratosdefense.com The call will be available at www.kratosdefense.com. Participants may register for the call using this Online Form. Upon registration, all telephone participants will receive the dial-in number along with a unique PIN that can be used to access the call. For those who cannot access the live broadcast, a replay will be available on Kratos' website. About Kratos Defense & Security Solutions Kratos D ...

Russian soldiers scammed and robbed of war cash on return from Ukraine https://t.co/Gr5W2wMx9a ...

Core Points - Howmet Aerospace Inc. declared a dividend of 12 cents per share on its Common Stock, payable on August 25, 2025, to shareholders of record as of August 8, 2025 [1] - The company also declared a dividend of 93.75 cents per share on its $3.75 Cumulative Preferred Stock, payable on October 1, 2025, to shareholders of record as of September 12, 2025 [1] Company Overview - Howmet Aerospace Inc. is a leading global provider of advanced engineered solutions for the aerospace and transportation industries, headquartered in Pittsburgh, Pennsylvania [2] - The company's primary businesses focus on jet engine components, aerospace fastening systems, and airframe structural components, which are essential for mission-critical performance and efficiency in aerospace and defense applications [2] - Howmet Aerospace also produces forged aluminum wheels for commercial transportation and holds approximately 1,170 granted and pending patents, enabling lighter and more fuel-efficient aircraft and commercial trucks with a lower carbon footprint [2]