Key Takeaways NWSA to report Q2 results on Feb. 5, with consensus revenues of $2.31B, implying a 3.21% year-over-year gain.NWSA's EPS estimate is 33 cents, unchanged year over year, pointing to limited bottom-line expansion.NWSA's Book Publishing was expected to rebound, while digital revenues at 62% of sales offset softness.News Corporation (NWSA) is scheduled to report second-quarter fiscal 2026 results on Feb. 5.The Zacks Consensus Estimate for revenues is pegged at $2.31 billion, indicating growth of 3. ...

Summary of ABB Q4'25 Results Conference Call Company Overview - **Company**: ABB - **Industry**: European Capital Goods Key Points Financial Performance - **Order Growth**: - Total orders increased by 32% year-over-year (yoy) to $10.316 billion, significantly exceeding company consensus and J.P. Morgan estimates (JPMe) of $8.529 billion and $8.492 billion respectively [1][7] - Electrification orders grew by 33% yoy, with a notable performance in data centers and US commercial buildings [1] - Automation orders surged by 41% yoy, driven by strong demand from machine builders and marine automation [1] - **Revenue Performance**: - Revenues reached $9.052 billion, beating JPMe and consensus estimates of $8.724 billion and $8.726 billion respectively, reflecting a 13% yoy increase [1][7] - Organic sales growth was reported at 9%, surpassing consensus expectations of 6% [1][7] - **Profitability Metrics**: - Operational EBITA margin stood at 17.6%, in line with consensus but slightly below JPMe expectations [1][7] - Net income for the quarter was $1.273 billion, a 29% increase from $987 million in Q4'24 [7] Market Dynamics - **Regional Performance**: - Orders in the Americas grew by 43%, with the US alone increasing by 57% [5] - Europe and Asia showed growth of 25% and 23% respectively, with China orders up by 25% [5] - **Sector Insights**: - Strong demand was noted in the data center segment and commercial buildings, while residential markets remained stable in the US and Europe but weak in China [5] - The underlying activity in utilities and land transport infrastructure remained robust [1] Strategic Initiatives - **Shareholder Returns**: - ABB announced a $2 billion share buyback program, exceeding the $1 billion expected by analysts [1] - A proposed dividend increase to CHF0.94 per share from CHF0.90 last year was also highlighted [5] Future Outlook - **Guidance for FY26**: - ABB expects a book-to-bill ratio of 1.06x and comparable revenue growth of 6-9% [6] - Operational EBITA margin is anticipated to slightly improve year-over-year [6] - **Consensus Adjustments**: - Analysts expect consensus estimates for organic sales growth to increase by a low-single-digit percentage based on ABB's guidance [6] Peer Implications - **Market Positioning**: - The strong performance in Electrification is seen as a positive indicator for peers such as Siemens, Schneider, and Legrand [6] - Positive trends in data centers and utilities are expected to benefit the wider electricals subgroup [6] Valuation - **Current Valuation Metrics**: - As of January 28, 2026, ABB's stock trades at 22.7x/20.6x EV/EBITA for 2026E/2027E [6] Risks and Considerations - **Investment Risks**: - Potential risks include underperformance in growth and margin compared to peers and the impact of expensive M&A activities [12] - Upside risks include stronger-than-expected growth and effective portfolio management leading to higher earnings [12] Conclusion - ABB's Q4'25 results indicate robust growth across multiple segments, with strong order intake and revenue performance. The company's strategic initiatives, including share buybacks and dividend increases, reflect a commitment to shareholder returns. The outlook for FY26 appears positive, with expectations for continued growth and margin improvement, positioning ABB favorably within the European capital goods sector.

Key Takeaways FOXA is expected to benefit from strong NFL viewership and FOX News ratings supporting reach and ad demand.Year-over-year comparisons are expected to be impacted by the absence of prior political advertising revenues.The Zacks Consensus Estimate for FOXA's Q4 2025 EPS is pegged at 46 cents, unchanged over the past 30 days.Fox Corporation (FOXA) is set to report second-quarter fiscal 2026 results on Feb. 4.For the to-be-reported quarter, the Zacks Consensus Estimate for earnings is pegged at 46 ...

Core Insights - Emerson Electric Co. (EMR) is expected to report earnings and revenue growth for Q1 fiscal 2026, with revenue estimates at $4.35 billion, reflecting a 4.2% increase from the previous year [2][9] - The earnings consensus is set at $1.41 per share, indicating a 2.2% rise from the prior year, with the company having a history of beating earnings estimates in three of the last four quarters [3] Revenue Growth Drivers - Strength in the final control business, particularly in power end markets, is anticipated to positively impact the Intelligent Devices segment, with sales estimated at $2.96 billion, a 3.9% increase year-over-year [4] - The Control Systems & Software business is expected to benefit from AspenTech's performance and demand in power and process markets, with sales projected at $1.42 billion, a 5.1% rise from the previous year [5] Strategic Acquisitions - Emerson's acquisition of AspenTech in March 2025 and National Instruments for $8.2 billion in October 2023 has strengthened its automation portfolio and expanded its presence in high-growth markets such as semiconductors, transportation, and aerospace [6] Margin Challenges - Rising costs and expenses due to higher input costs and restructuring actions may negatively impact EMR's margin performance, alongside foreign currency headwinds affecting profitability [7] Earnings Prediction Model - The current Earnings ESP for EMR is -0.04%, indicating that the model does not predict a definitive earnings beat for this reporting cycle [8]

Group 1 - Valmet has launched a new line of Bioneer press roll covers aimed at reducing reliance on fossil-based materials in the pulp and paper industry [1] - The Bioneer range is the first series of press roll covers to include product-specific lifecycle assessment (LCA) data, providing insights into the climate impact of each product [2] - The Bioneer press roll cover can achieve up to a 12.2% reduction in cradle-to-gate CO₂ emissions compared to conventional alternatives [2] Group 2 - Emissions reduction is facilitated through the use of REDcert-certified renewable and recycled raw materials, utilizing a mass balance approach [3] - Valmet's management emphasizes that the transparent LCA data enables customers to compare climate impacts and make informed decisions towards climate targets [3] - The product launch follows a series of orders in Valmet's paper business, including modernization projects in China and automation system supply in Germany [4][5]

talk about a big position for our CBC investing club and that is Honeywell. It poured a good quarter this morning. Uh spinning off its aerospace units sooner.I thought it might be as late as December. It looks like it's going to be just a well be let's put it this way early in the second half and that's why I'm so excited to see Vimma Kapoor here in in the flesh. Just wrapped up the quarter.Vimbo, congratulations. It looks like you're accelerating the aerospace spin-off and we're getting a lot of clarity ab ...

Core Viewpoint - Honeywell is accelerating its aerospace spin-off, which is expected to occur in the early second half of the year, and the company reported strong organic growth of 21% in its aerospace business [1][2]. Group 1: Aerospace Business - The aerospace business is set for a spin-off in Q3, with a strong exit rate of 6% growth in Q4 and a backlog increase of nearly 15% [2]. - The aerospace division is projected to grow at a high single-digit rate in the cycle, indicating robust future performance [8]. Group 2: Automation Business - The company is restructuring its automation portfolio and has decided to hold two businesses for sale to complete transactions before the spin-off [3]. - The automation business is being positioned for mid-single-digit organic growth, with earnings growth expected to be in the high single digits annually [8]. Group 3: Quantum Business - The quantum business, which is also set to be spun off, has a previous valuation of $10 billion, and there is speculation that it could be worth significantly more due to its client list, including major companies like Amgen and JP Morgan [5]. - The company launched a new quantum machine, Helios, with enhanced computing power, and plans to introduce another machine in about 18 months [6]. Group 4: Overall Growth Strategy - The company is focused on delivering high single-digit earnings growth to shareholders, supported by a diverse exposure to multiple end markets, including buildings, process markets, and industrial sectors [9].

Financial Data and Key Metrics Changes - Honeywell reported a strong fourth quarter for 2025, with adjusted sales and adjusted EPS exceeding expectations, and orders increased by 23%, resulting in a backlog of over $37 billion [5][15] - For the full year 2025, sales increased by 7% organically, or 6% excluding the impact of the Bombardier agreement, with adjusted earnings per share rising to $9.78, up 12% year-over-year [21][30] - Free cash flow for 2025 was $5.1 billion, up 20%, representing a 14% margin [21][32] Business Line Data and Key Metrics Changes - Aerospace sales grew 11% organically, driven by strong demand in both commercial aftermarket and defense and space [15][22] - Building automation experienced 8% organic growth, with solutions growing by 9% and products by 8% [16] - Industrial automation saw a 1% increase in organic sales, while process solutions remained flat due to lower volumes in measurement and controls products [16][17] - Energy and sustainability solutions declined by 7%, attributed to lower petrochemical catalyst shipments [17] Market Data and Key Metrics Changes - North America and the Middle East led regional performance, with Europe also showing strong mid-single-digit growth [16] - Orders grew 23% organically, with significant contributions from long-cycle aerospace and energy projects [17] Company Strategy and Development Direction - Honeywell is focused on portfolio simplification, with the aerospace spin expected to be completed in Q3 2026, following the successful spin-off of Solstice Advanced Materials [6][9] - The company is investing in R&D to drive innovation, with a goal of achieving 6%-9% earnings growth in 2026 [6][21] - Honeywell plans to reorganize into four segments: Aerospace Technologies, Building Automation, Process Automation and Technology, and Industrial Automation, to enhance strategic focus and agility [9][30] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in strong organic growth driven by record backlog conversion, disciplined pricing, and new product introductions [5][6] - The company anticipates continued strength in aerospace and building automation markets, with a gradual recovery expected in process automation [22][24] - Management acknowledged challenges in the petrochemical sector but remains optimistic about long-term demand in LNG and refining [61] Other Important Information - Honeywell's investment in Quantinuum is expected to be a modest headwind to margins in 2026, with significant R&D investments aimed at maintaining leadership in quantum computing [29][56] - The company has made key leadership appointments in preparation for the aerospace spin-off, enhancing operational experience [8][9] Q&A Session Summary Question: Margin progression for the total company - Management indicated that operational margins are expected to expand by 50-90 basis points, with a headwind from Quantinuum in the first quarter [42][43] Question: Aerospace margins and contract renewals - Aerospace margins are expected to improve as contract negotiations progress, with a positive long-term impact anticipated [48][50] Question: Quantinuum IPO and investment spending - Management confirmed a $100 million year-over-year increase in investment spending for Quantinuum, with ongoing efforts to prepare for a potential IPO [54][56] Question: Strength in process orders - Management noted increased capital spending in LNG and refining as a driver for order growth, while cautioning about ongoing pressure in the petrochemical sector [60][61] Question: Pricing strategy and inflation impacts - Management discussed a more mature pricing strategy in response to persistent inflation, with expected price increases of 3%-4% in 2026 [66][70]

Financial Data and Key Metrics Changes - Honeywell reported a strong fourth quarter for 2025, with adjusted sales and adjusted EPS exceeding expectations, and orders increased by 23%, resulting in a backlog of over $37 billion [5][20] - For the full year 2025, sales increased by 7% organically, or 6% excluding the Bombardier agreement, with adjusted earnings per share of $9.78, up 12% year-over-year [21][30] - Free cash flow for 2025 was $5.1 billion, up 20%, representing a 14% margin [21][32] Business Line Data and Key Metrics Changes - Aerospace sales grew 11% organically, driven by strong demand in both commercial aftermarket and defense and space [15][22] - Building automation experienced 8% organic growth, with solutions growing by 9% and products by 8% [16] - Industrial automation saw a 1% increase in organic sales, while process solutions remained flat due to lower volumes in measurement and controls products [16][17] - Energy and sustainability solutions declined by 7% due to lower petrochemical catalyst shipments [17] Market Data and Key Metrics Changes - North America and the Middle East led regional performance, with Europe showing strong mid-single-digit growth [16] - Orders momentum in UOP continued, with over 40% growth in refining and petrochemicals projects, supporting confidence in a gradual recovery in 2026 [17] Company Strategy and Development Direction - Honeywell is progressing with its portfolio simplification, expecting to complete the aerospace spin in Q3 2026, which will create three independent public companies [6][9] - The company is focusing on innovation and R&D investments, with a goal of driving organic growth through new product introductions [5][13] - Honeywell plans to reorganize into four segments: Aerospace Technologies, Building Automation, Process Automation and Technology, and Industrial Automation, to enhance operational efficiency [9][24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving 6%-9% earnings growth in 2026, driven by strong organic growth and productivity improvements [6][21] - The company anticipates continued strength in orders growth, price execution, and a record backlog as key drivers for 2026 [36] - Management acknowledged challenges in the petrochemical sector but remains optimistic about long-cycle order strength in LNG and refining [61] Other Important Information - Honeywell's investment in Quantinuum is expected to be a modest headwind to margins in 2026, with significant R&D investments to maintain leadership in quantum computing [29][56] - The company has made key appointments to the aerospace leadership team to ensure operational excellence post-spin [8][9] Q&A Session Summary Question: Margin progression for the total company - Management expects operational margins to expand 50-90 basis points, with a headwind from Quantinuum in the first quarter [42][44] Question: Aerospace margins and contract negotiations - Aerospace margins are expected to improve as contract negotiations progress, with a positive long-term impact on margin expansion [48][50] Question: Quantinuum IPO and investment spending - Management confirmed a $100 million year-over-year increase in investment spending for Quantinuum, with ongoing maturation and commercial efforts [54][55] Question: Strength in process orders - Management noted increased capital spending in LNG and refining, contributing to strong order growth, while acknowledging pressure on catalyst demand in petrochemicals [60][61] Question: Pricing strategy and inflation impacts - Management indicated that pricing strategy has evolved to address persistent inflation, with an expected average price increase of 3-4% in 2026 [66][82]

FORWARD LOOKING STATEMENTS FOURTH QUARTER 2025 EARNINGS AND 2026 OUTLOOK JANUARY 29, 2026 We describe many of the trends and other factors that drive our business and future results in this presentation. Such discussions contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act), including statements related to the proposed separation of Automation and Aerospace Technologies and the planned sale of the Productivity Solutions and ...