The world’s biggest manufacturer now has an interest in the world decarbonising https://t.co/g6pte3BxwS ...

Group 1 - The event "Hongmeng + Intelligent Manufacturing" was held in Longgang District, Shenzhen, aiming to create a platform for government-enterprise collaboration, technical exchange, and resource connection, fostering consensus on industrial upgrading [1][2] - Leading companies in the Hongmeng ecosystem, such as Deep Open Hong and Hualong Xunda, shared cutting-edge technology practices, outlining a clear blueprint for the integration of the Hongmeng ecosystem with intelligent manufacturing [1] - A total of 16 key manufacturing enterprises participated, with young professionals from the computer field engaging in the discussions, injecting innovative energy into the exchanges [1] Group 2 - The salon is a concrete action responding to the district's strategy, serving as a key measure to connect "policy supply - technical support - enterprise demand" [2] - The street has laid a solid foundation for the construction of the Hongmeng ecosystem by visiting potential companies and identifying software and hardware needs [2] - Future actions include optimizing the Hongmeng industry scenario list, accelerating the creation of demonstration projects, and building a virtuous ecosystem that benefits the government, enterprises, and the public [2]

Core Insights - Ducommun Incorporated reported a record net revenue of $212.6 million for Q3 2025, a 6% increase from $201.4 million in Q3 2024, driven primarily by growth in the defense sector despite challenges in commercial aerospace [2][5][9] - The company achieved a gross margin of 26.6%, reflecting a year-over-year increase of 40 basis points, and an Adjusted EBITDA margin of 16.2%, also up 40 basis points from the previous year [3][11] - Ducommun's net loss for Q3 2025 was $(64.4) million, or $(4.30) per share, compared to a net income of $10.1 million, or $0.67 per diluted share, in Q3 2024, largely due to increased litigation settlement costs [6][9] Financial Performance - Net revenue for Q3 2025 was $212.6 million, up from $201.4 million in Q3 2024, with significant contributions from military and space markets [5][10] - Gross profit increased to $56.5 million, or 26.6% of revenue, compared to $52.7 million, or 26.2% of revenue, in the same quarter last year [7][9] - Adjusted EBITDA for Q3 2025 was $34.4 million, representing an 8% increase year-over-year, with a margin of 16.2% [11][31] Business Segments - The Electronic Systems segment reported net revenue of $123.1 million, up from $115.4 million in Q3 2024, driven by higher manufacturing volume [13][14] - The Structural Systems segment saw net revenue rise to $89.5 million from $86.0 million, with operating income increasing to $11.9 million, or 13.3% of revenue [15][32] - The company’s military and space end-use markets contributed significantly to revenue growth, while commercial aerospace faced declines [10][18] Operational Insights - The Book to Bill ratio was strong at 1.6 times, indicating a healthy order intake relative to revenue [2] - The company is focused on mitigating raw material tariff exposures and expects no material impact from the evolving tariff environment [4] - Ducommun's cash provided by operations increased to $18.1 million in Q3 2025, compared to $13.9 million in Q3 2024, reflecting improved operational efficiency [12]

Core Insights - Berkshire Hathaway (BRK.B) reported better-than-expected third-quarter 2025 operating earnings, with a 33.8% year-over-year increase to $6.26 per share, surpassing the Zacks Consensus Estimate by 33.2% [1][8] - Total operating earnings reached $13.5 billion, reflecting a 3.4% year-over-year growth, driven by higher earnings in insurance underwriting, BNSF, and Manufacturing, service, and retailing [1] Revenue Performance - Revenues increased by 2.2% year over year to $92.5 billion, supported by growth in Insurance and Other, as well as Railroad, Utilities, and Energy segments, although it slightly missed the consensus estimate by 0.1% [2][8] - The Insurance and Other segment saw revenues rise by 2.4% year over year to $81.7 billion, attributed to higher premiums and service revenues [3] - Railroad, Utilities, and Energy operating revenues decreased by 1.5% year over year to $13.1 billion, primarily due to lower earnings at BHE [4] - Manufacturing, Service, and Retailing total revenues increased by 2.4% year over year to $54.7 billion, with earnings rising by 8.2% to $3.6 billion [5] Cost and Expense Management - Costs and expenses decreased by 2.6% year over year to $79.1 billion, mainly due to a decline in insurance losses and lower underwriting and administrative expenses [2][8] Financial Position - As of September 30, 2025, consolidated shareholders' equity was $700.4 billion, up 7.5% from December 31, 2024 [6] - Cash and cash equivalents increased by 62.7% to $72.2 billion compared to the end of 2024 [6] - Cash flow from operating activities totaled $34.8 billion in the first nine months of 2025, marking a 33.9% increase from the previous year [6]

Core Insights - The private sector added 42,000 jobs in October, marking a recovery from a loss of 32,000 jobs in September, with the trade, transportation, and utilities industry leading the growth [1][2] - Job growth was modest compared to earlier in the year, with ADP Chief Economist noting that this was the first job addition since July [2] - Year-over-year pay growth remained flat, with job-stayers seeing a 4.5% increase and job-changers at 6.7%, indicating a balance in supply and demand [3] Industry Performance - Five industries added jobs in October: - Trade, transportation, and utilities: +47,000 jobs - Education and health services: +26,000 jobs - Financial activities: +11,000 jobs - Natural resources and mining: +7,000 jobs - Construction: +5,000 jobs [6] - Five industries experienced job losses: - Information: -17,000 jobs - Professional and business services: -15,000 jobs - Other services: -13,000 jobs - Leisure and hospitality: -6,000 jobs - Manufacturing: -3,000 jobs [6] Establishment Size Impact - Only large establishments (500 or more employees) added jobs, contributing 73,000 jobs - Small businesses (1-49 employees) cut 10,000 jobs, while medium establishments (50-499 employees) reduced their workforce by 21,000 [7]

Alloy Enterprises has developed a new additive manufacturing technique that can improve liquid cooling performance while bringing it to new parts of the server rack. https://t.co/gr1ztvc4ul ...

Core Insights - The U.S. private sector added 42,000 jobs in October, surpassing the expected 37,500 jobs, marking a recovery from the 29,000 jobs lost in September [3][6][11] - The job growth is primarily driven by the services sector, particularly trade, transportation, and utilities, which added 47,000 jobs, while education and healthcare contributed an additional 26,000 jobs [6][7] - Despite the positive job additions, the overall employment conditions remain weak, with declines in sectors such as professional business services, information, and leisure and hospitality [8][9] Employment Data - The ADP National Employment Report indicates that private payrolls increased by 42,000 jobs in October, a significant rebound from the previous month [3][6] - Wage growth for employees who remained in the same position increased by 4.5% year-over-year, while those changing jobs saw a 6.7% increase in October [6][10] - The goods-producing sector added approximately 9,000 jobs, led by natural resources and mining, but manufacturing lost 3,000 jobs [9] Sector Performance - The services sector was the main contributor to job growth, with notable gains in trade, transportation, and utilities, marking the strongest performance since February 2023 [7] - The leisure and hospitality sector experienced a concerning decline, shedding 6,000 jobs, which raises questions about consumer health and spending resilience [8] - Large companies (250+ employees) added 76,000 jobs, while small and midsize businesses (less than 250 employees) lost around 35,000 jobs [9] Economic Context - The ADP report has gained importance due to the government shutdown affecting the Bureau of Labor Statistics' ability to release employment data [4][5] - The current labor market data suggests stabilization but lacks significant momentum, which may influence Federal Reserve policymakers to consider interest rate cuts in December [5][7]

Group 1 - Private sector added 42,000 jobs in October, exceeding economists' estimates of 28,000 jobs [1] - Previous month's payrolls were revised from a loss of 32,000 to a loss of 29,000 [1] - Job creation in October marked the first increase since July, although hiring remains modest compared to earlier this year [2] Group 2 - Trade, transportation, and utilities led job creation with an addition of 47,000 positions [2] - Education and health services added 25,000 jobs, financial activities added 11,000, natural resources and mining contributed 7,000, and construction added 5,000 [2] Group 3 - Information sector lost 17,000 positions, professional and business services lost 15,000 jobs, and other services lost 14,000 [3] - Leisure and hospitality lost 5,000 jobs, while manufacturing lost 3,000 [3] Group 4 - Pay growth has remained largely flat for over a year, indicating a balance in supply and demand [2]

Core Insights - Worthington Enterprises will participate in the Baird Global Industrial Conference to discuss its growth strategy and shareholder value enhancement through its Worthington Business System [1][2] Company Overview - Worthington Enterprises is a designer and manufacturer of leading brands that enhance everyday life, operating in two main segments: Building Products and Consumer Products [3] - The Building Products segment includes solutions for heating, cooling, cooking, construction, and water, while the Consumer Products segment focuses on tools, outdoor living, and celebrations [3] - The company employs approximately 6,000 people across North America and Europe [4] Corporate Philosophy and Community Engagement - Founded in 1955, Worthington Enterprises prioritizes a people-first philosophy, aiming to generate profits for shareholders while empowering employees to innovate and grow [5] - The company actively engages with local communities through volunteer efforts and workforce development programs, and it reports annually on its corporate citizenship and sustainability initiatives [5]

Core Insights - Stella-Jones Inc. reported solid financial performance in Q3 2025, driven by volume improvements, robust margins, and a strong balance sheet [2][5] - The company acquired Brooks Manufacturing Co. to enhance its portfolio and strengthen its position in the utility sector [2][15] Financial Highlights - Q3 2025 sales reached CAD 958 million, a 5% increase from CAD 915 million in Q3 2024 [3][5] - Gross profit remained stable at CAD 188 million, with a gross profit margin of 19.6%, down from 20.5% in the previous year [3][6] - Operating income increased to CAD 135 million, up 4% from CAD 130 million in Q3 2024 [3][7] - EBITDA for Q3 2025 was CAD 171 million, representing a margin of 17.8%, an increase from 17.7% in Q3 2024 [3][7] - Net income for Q3 2025 was CAD 88 million, or CAD 1.59 per share, compared to CAD 80 million, or CAD 1.42 per share, in Q3 2024 [3][7] Sales Breakdown - Utility poles sales increased to CAD 480 million, a 7% rise from CAD 448 million in Q3 2024 [10] - Railway ties sales rose to CAD 211 million, up from CAD 205 million in the same period last year [10] - Residential lumber sales increased to CAD 201 million, compared to CAD 191 million in Q3 2024 [10] - Logs and lumber sales decreased significantly by 47% to CAD 16 million, primarily due to lower log activity [6][10] Nine-Month Results - For the first nine months of 2025, sales totaled CAD 2,765 million, compared to CAD 2,739 million in the same period last year [8][9] - Gross profit for the nine-month period was CAD 562 million, with a margin of 20.3%, down from 21.4% in the previous year [9] - Net income for the first nine months was CAD 287 million, or CAD 5.17 per share, compared to CAD 267 million, or CAD 4.72 per share, in the same period last year [11] Liquidity and Capital Resources - As of September 30, 2025, the company had available liquidity of CAD 780 million and a net debt-to-EBITDA ratio of 2.2x [14] - Cash generated from operations in Q3 2025 was CAD 198 million, which was used for capital expenditures, shareholder returns, and debt reduction [12] Shareholder Returns - The company announced a Normal Course Issuer Bid to repurchase up to 1,500,000 common shares from November 14, 2025, to November 13, 2026 [16] - A quarterly dividend of CAD 0.31 per common share was declared, payable on December 19, 2025 [17]