You and I have discussed this so many times, the move into Iot and in particular automotive. So I thought that a good starting point would be to ask when smartphone and handset is no longer the majority of revenue and when that kind of tipping point or how close toward that tipping point is where your diversification efforts have shifted the business model. Very good.Ed, great talking to you. Look, I. I don't really understand what not to like about it.We have been consistently delivering what we said we're ...

Financial Data and Key Metrics Changes - Aeva has invested over $500 million in R&D, indicating a strong commitment to innovation and development [40] - The company is planning to double its production capacity to 200,000 units annually, reflecting growing commercial traction [18] Business Line Data and Key Metrics Changes - Aeva's FMCW LiDAR technology is gaining traction in automotive, manufacturing automation, and smart infrastructure, with significant production wins and collaborations announced [16][19] - The launch of new products like EVE 1D and 1V extends Aeva's platform to precision sensing for manufacturing automation, showcasing adaptability across different sectors [11][33] Market Data and Key Metrics Changes - Aeva identifies a total market opportunity of $80 billion across various verticals, including automotive, manufacturing, and smart infrastructure [15] - The company is seeing rapid adoption in manufacturing automation since entering the market, indicating a strong demand for its technology [12] Company Strategy and Development Direction - Aeva's strategy focuses on aligning with industry leaders for large-scale commercialization, emphasizing partnerships with companies like LG Innotech to accelerate market entry [14][38] - The company aims to lead the adoption of FMCW technology across multiple verticals, leveraging its unique technology platform to transform industries [19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in Aeva's ability to scale and meet the growing demand for automation and perception technologies, highlighting the importance of their proprietary technology [19][20] - The leadership team emphasized the significant revenue potential across various verticals, supported by strong customer partnerships and market demand [15][16] Other Important Information - Aeva has established a vertically integrated manufacturing line, which is crucial for maintaining quality and scalability [41] - The company holds a strong IP portfolio with over 245 patents granted, providing a competitive edge in the FMCW domain [39] Q&A Session Summary Question: What is the current status of Aeva's production programs? - Aeva is on track for significant production milestones, with a focus on scaling manufacturing capabilities to meet customer demand [84][86] Question: How does Aeva's technology compare to traditional LiDAR systems? - Aeva's FMCW technology offers advantages such as real-time velocity measurements, long-range detection, and immunity to sunlight, addressing limitations of time-of-flight systems [49][50] Question: What are the key market opportunities for Aeva's products? - The company sees substantial opportunities in automotive, manufacturing, and smart infrastructure, with a focus on delivering integrated solutions that enhance safety and efficiency [15][51]

Jaguar Land Rover CEO Adrian Mardell is leaving the maker of luxury sport utility vehicles, as it grapples with higher US tariffs and a controversial makeover of the Jaguar brand https://t.co/LDCliaYxK4 ...

Financial Data and Key Metrics Changes - In Q2 2025, the company reported $1 billion in orders, a 16% increase overall and a 13% increase organically, driven by strong performance across all businesses and acquisitions [7] - Quarterly revenue exceeded $970 million, reflecting a 7% total increase and a 4% organic increase, with all segments contributing [7][22] - Operating income grew more than twice the organic sales growth rate, and operating margin expanded over 100 basis points, excluding M&A impacts [7][13] - Adjusted EPS grew by 10% year-over-year, or 16% when excluding the impact of the WorldVerlin divestiture [7][25] - Free cash flow reached $214 million year-to-date, with a free cash flow margin of 14% in Q2 [7][26] Business Line Data and Key Metrics Changes - Industrial Process (IP) orders grew by 22%, with notable strength in Gulps Pumps and Svanohoi, where orders exceeded their full year 2024 revenue in the first half of 2025 [9][12] - Connect and Control (CCT) saw a 9% organic growth driven by Defense and Commercial Aerospace, with total orders increasing by 36% [10][22] - Motion Technologies (MT) reported a 7% organic growth, outperforming global auto production by over 500 basis points [24][12] - Overall, the company achieved a book-to-bill ratio of 1.1, resulting in an ending backlog of nearly $2 billion, up 34% year-over-year [12] Market Data and Key Metrics Changes - The automotive market showed a production increase of 2.6% in Q2, with expectations for the full year to be flat or slightly positive at around 90 million vehicles produced [41] - The company outperformed in all regions, including significant gains in China, Europe, and North America [42] Company Strategy and Development Direction - The company focuses on organic growth and margin expansion, complemented by strategic M&A activities [6][15] - The long-term financial targets include over 5% organic revenue growth and approximately 10% total growth annually, with margins expected to reach 23% by 2030 [20] - The company is actively pursuing acquisition targets, particularly in the $200 million to $400 million revenue range, to enhance its market position [76] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strong performance and raised the full-year adjusted EPS outlook to $6.45, reflecting a 10% growth compared to the previous year [15][30] - The company anticipates continued growth in the Project business, firm demand in Aerospace and Defense, and outperformance in Friction OE and Rail for the second half of the year [29] - Management noted that the economic environment remains less volatile, contributing to improved visibility for the second half of 2025 [29] Other Important Information - The company repurchased $500 million of its shares year-to-date, reducing the weighted average share count by 3% [8][26] - The company expects to deliver close to $500 million in free cash flow for the year, supported by strong operating income and improved working capital management [30] Q&A Session Summary Question: Thoughts on capital equipment and project hesitancy - Management noted strong order performance with only minor shifts in timing, indicating a healthy market environment [37][39] Question: Auto landscape outlook - The company expects flat or slightly positive production for the year, with significant outperformance across all regions and powertrains [41][42] Question: CCT orders growth and market share - CCT orders grew significantly, driven by defense and aerospace, with strong share gains noted [51][52] Question: FX impact on Motion Technologies margins - The depreciation of the dollar against the euro has created transaction impacts affecting margins, but overall performance remains strong [54] Question: Performance of Svanahoy - Svanahoy is expected to grow orders by over 20% for the full year, with strong execution and product differentiation driving success [62] Question: Pricing actions and tariff exposure - The company has reduced its tariff exposure estimate for 2025 and is implementing pricing actions to mitigate impacts [115][117] Question: M&A environment and deal activity - The company sees a fragmented market with opportunities for further acquisitions, particularly in flow-related sectors [120][121]

BMW’s profitability declined in the second quarter as lower sales in China and extra costs from Trump’s trade war weighed on the German luxury-car maker’s earnings https://t.co/ttHoboTVPq ...

Company Overview - GreenPower Motor Company Inc. is a leading manufacturer and distributor of all-electric, purpose-built, zero-emission medium and heavy-duty vehicles, focusing on the cargo and delivery market, shuttle and transit space, and school bus sector [1][2] Fiscal Year 2025 Performance - Fiscal year 2025 was described as transformative for the company, with a focus on adapting to changing federal EV incentives and policies [2] - The company generated revenues of $19.8 million for the year ended March 31, 2025 [5] - GreenPower delivered a total of 84 vehicles, including 34 BEAST Type D school buses, two Nano BEAST Type A school buses, 23 EV Star Cargo and EV Star Cargo Plus commercial vehicles, and 25 EV Star Passenger Vans [5] Operational Changes - GreenPower consolidated its California operations from five facilities to one larger facility in Riverside, which has reduced costs and increased efficiency [2] - The company continued manufacturing in West Virginia, with the first BEAST Type D school buses produced for in-state orders [2] Product Innovations - Two new Class 4 all-electric commercial vehicles were introduced: the EV Star Utility Truck, designed for daily demands with customizable configurations, and the EV Star REEFERX, an all-electric refrigerated delivery truck for temperature-controlled goods [3][4] Financial Position - At year-end, GreenPower had working capital of $8.1 million and inventory valued at $25.6 million, which included $10.1 million of finished goods [5] - The company had deferred revenue of $10.1 million at year-end [5] Future Outlook - The company is well-positioned to meet nationwide market demand for all-electric school buses, being the only OEM manufacturing both Type A and Type D school buses across the country [2]

Qualcomm (QCOM) Q3 2025 Earnings Call July 30, 2025 04:45 PM ET Company ParticipantsMauricio Lopez-Hodoyan - VP - IRCristiano Amon - President & CEOAkash Palkhiwala - CFO & COOJoshua Buchalter - Director - Equity ResearchChris Caso - Managing DirectorRoss Seymore - Managing DirectorBen Reitzes - MD & Head - Technology ResearchConference Call ParticipantsSamik Chatterjee - MD & Equity Research AnalystStacy Rasgon - MD & Senior AnalystTal Liani - Technology AnalystOperatorLadies and gentlemen, thank you for s ...

Core Viewpoint - Exco Technologies Limited reported a decline in sales and net income for the third quarter of fiscal 2025, attributing challenges to market conditions, customer delays, and trade uncertainties while maintaining a focus on strategic initiatives for long-term growth [1][2][14]. Financial Performance - Consolidated sales for Q3 2025 were $154.9 million, down 4% from $161.8 million in Q3 2024 [2][5]. - Net income for the period was $5.4 million, a decrease of 34% from $8.2 million in the same quarter last year, with earnings per share (EPS) of $0.14 compared to $0.21 [2][7]. - EBITDA for Q3 totaled $14.7 million, down 34% from $22.3 million in the prior year, with an EBITDA margin of 9.5% [11]. Segment Performance - The Automotive Solutions segment reported sales of $80.8 million, a decrease of $2.1 million from the previous year, impacted by customer delays and unfavorable vehicle mix [3]. - The Casting and Extrusion segment saw sales of $74.0 million, down 6% year-over-year, with demand for die-cast tooling weakened due to OEMs postponing product launches [4][9]. Cash Flow and Dividends - Free Cash Flow for the quarter was $20.1 million, an increase from $15.9 million in the prior year [12]. - A quarterly dividend of $0.105 per common share was announced, to be paid on September 29, 2025 [1][5]. Strategic Outlook - The company has withdrawn its Fiscal 2026 revenue, EBITDA, and EPS targets due to uncertainties surrounding global trade policies and tariffs [14]. - Exco remains optimistic about long-term growth driven by strategic initiatives, including greenfield investments and new program launches [14][16]. - The company expects to benefit from reshoring trends and compliance with USMCA rules, positioning itself favorably against non-compliant suppliers [15][16].

It's looking doubtful by the minute. And I and I think this is fascinating here because last 48 hours in Europe have been one where Europe has actually shown a very rare show of unity, especially between France and Germany. The idea that they were really backing Ursula von der Leyen to make this deal.I thought the quote of the day from her was, This is the best offer we could get, the best deal we could get. And they basically settled from 15%. They came out swinging, wanting 040 and are now getting 15%.But ...

Core Insights - The company reported consolidated revenues of €3,781 million for Q2 2025, a decrease from €3,919 million in Q2 2024, with net revenues from Industrial Activities at €3,702 million compared to €3,819 million in Q2 2024, impacted by lower volumes in Truck and Powertrain and adverse foreign exchange rates [2] - Adjusted EBIT for Q2 2025 was €215 million, down from €295 million in Q2 2024, with a margin of 5.7% compared to 7.5% in the previous year, while Industrial Activities saw an adjusted EBIT of €187 million, down from €264 million [3] - Adjusted net income decreased to €106 million in Q2 2025 from €182 million in Q2 2024, with adjusted diluted earnings per share at €0.39 compared to €0.63 in the prior year [4] - Free cash flow for Industrial Activities was positive at €145 million, an improvement of €243 million compared to Q2 2024, attributed to enhanced working capital and inventory optimization [6] Financial Performance - The reported income tax expense was €36 million, with an adjusted Effective Tax Rate of 26% in Q2 2025, reflecting varying tax rates across jurisdictions [5] - Net financial expenses increased to €71 million from €49 million in Q2 2024, primarily due to the absence of hyperinflation accounting in Argentina and higher hedge costs [4] - Available liquidity as of June 30, 2025, was €4,713 million, slightly up from €4,709 million at the end of March 2025, including €1,900 million of undrawn committed facilities [6]