东兴证券表示，市场有望重回活跃态势，结构性行情特征明显。市场在经历节前缩量盘升行情后，在目 前节点推出重大政策，激发市场成交热情，有利于五月市场行情重回活跃状态。 中泰证券表示，从行业配置角度看，有三条主线值得关注：（1）TMT景气度有望贯穿全年。（2）稳 增长政策下，关注低位周期股"困境反转"。从估值-盈利角度看，石油石化、有色金属市净率存在一定 修复空间。3、中期经济压力持续，关注稳健类板块。公用事业、交通运输板块盈利能力稳定，且估值 偏低，具备较强的安全边际。 （本文机构观点来自持牌证券机构，不构成任何投资建议，亦不代表平台观点，请投资人独立判断和决 策。） 5月9日，三大指数集体低开，中船系、减肥药、银行等板块和概念股涨幅居前。截至发稿，中证A500 指数跌0.26%，成分股中，中航成飞涨超5%，中鼎股份、百济神州-U、信立泰、安克创新等跟涨。 相关ETF中，截至发稿，A500指数ETF（159351）跌0.42%，成交额超6700万元。 资金流向上，Wind金融终端数据显示，A500指数ETF（159351）已连续三个交易日获资金净流入，累 计"吸金"超1.8亿元。 A500指数ETF（159351 ...

Financial Data and Key Metrics Changes - Sales for Q1 2025 reached $806 million, representing a 13% year-over-year increase or 11% on an organic basis, driven by growth in aerospace and defense markets [7][10] - Operating income increased by 34% year-over-year, resulting in a 260 basis points expansion in overall operating margin [8] - Diluted earnings per share (EPS) rose by 42% year-over-year, primarily due to higher aerospace and defense sales [8] - Free cash flow increased by 5% year-over-year, despite typically being a first-quarter outflow [8] - New orders increased by 13% year-over-year to a record of over $1 billion, resulting in a book-to-bill ratio of 1.26 times [8][10] Business Line Data and Key Metrics Changes - Aerospace and Industrial segment sales increased by 4%, with solid growth in defense markets, particularly in actuation equipment for F-35 and F-18 programs [12] - Defense Electronics segment saw a 16% sales growth, driven by embedded computing equipment sales supporting various C5ISR programs [13] - Naval and Power segment experienced an 18% sales growth, primarily due to higher revenue from naval defense platforms and contributions from acquisitions [15] Market Data and Key Metrics Changes - The overall backlog reached a record of over $3.6 billion, providing visibility and confidence in long-term growth [10] - The company expects total sales to grow by 8% to 9% in 2025, with strong growth anticipated in defense electronics and aerospace markets [10][24] - Commercial aerospace sales are projected to increase by 13% to 15%, driven by new cockpit voice recorder solutions [18] Company Strategy and Development Direction - The company is focused on operational growth and efficiency to expand margins and fund investments for profitable growth [6][29] - The strategy includes enhancing customer engagement and leveraging domain expertise in mission-critical technologies [5] - The company is well-positioned to capture growth trends in defense and commercial markets, with a strong emphasis on R&D and technological leadership [31][36] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to deliver strong results despite macroeconomic uncertainties [6][29] - The company raised its full-year guidance for sales, operating margins, and EPS, reflecting improved outlooks in key markets [10][11] - Management highlighted the importance of adapting to challenges such as tariffs and supply chain issues while maintaining operational excellence [21][29] Other Important Information - Approximately 20% of the company's business is subject to tariffs, with an estimated $30 million impact for 2025, but mitigation strategies are in place [21][45] - The company anticipates a total annualized savings of approximately $12 million from its restructuring program [22] Q&A Session Summary Question: Can you provide more detail on the tariff impact? - Management discussed the dynamic situation regarding tariffs and the proactive measures taken to mitigate impacts, including operational adjustments and pricing strategies [41][43] Question: What drove the increase in commercial aerospace guidance? - The increase was attributed solely to new cockpit voice recorder business, with expectations for long-term revenue growth due to FAA mandates [49][51] Question: How supportive has the current administration been towards nuclear energy? - Management expressed cautious optimism regarding ongoing support for nuclear energy, citing positive developments in Poland and Bulgaria [62][63] Question: What is the outlook for shipbuilding and how does it affect the company? - Management noted that while shipbuilding programs take time, there are immediate opportunities for growth due to increased funding and support for the industrial base [66] Question: Can you comment on Defense Electronics margin performance? - Management acknowledged conservatism in guidance due to various factors but emphasized ongoing operational excellence initiatives that are expected to drive future growth [70][72]

Financial Data and Key Metrics Changes - Sales for Q1 2025 reached $806 million, representing a 13% year-over-year increase or 11% on an organic basis, driven by growth in aerospace and defense markets [6][10] - Operating income increased by 34% year-over-year, resulting in a 260 basis points expansion in overall operating margin [7][10] - Diluted earnings per share (EPS) rose by 42% year-over-year, primarily due to higher aerospace and defense sales [8][10] - Free cash flow increased by 5% year-over-year, despite typically being a first-quarter outflow [8][10] - New orders increased by 13% year-over-year, reaching a record of over $1 billion, resulting in a book-to-bill ratio of 1.26 times [8][10] Business Line Data and Key Metrics Changes - **Aerospace and Industrial Segment**: Sales increased by 4%, with strong demand in defense markets, particularly for actuation equipment supporting F-35 and F-18 programs [12][13] - **Defense Electronics Segment**: Sales grew by 16%, driven by embedded computing equipment sales for C5ISR programs and higher revenues from helicopter platforms [13][14] - **Naval and Power Segment**: Sales grew by 18%, primarily due to strong performance in naval defense and contributions from acquisitions in commercial nuclear and process markets [15][16] Market Data and Key Metrics Changes - The backlog reached a record of over $3.6 billion, providing visibility and confidence in long-term growth [10] - The company expects total sales to grow by 8% to 9% in 2025, with operating margins projected to increase by 80 to 100 basis points [10][11] - The commercial aerospace market is expected to see a sales increase of 13% to 15%, driven by new cockpit voice recorder solutions [19][20] Company Strategy and Development Direction - The company is focused on operational growth and commercial excellence to expand margins and fund investments for profitable growth [5][10] - The strategy includes leveraging strong domain expertise to enhance customer engagement and address challenging problems in mission-critical technologies [4][5] - The company is well-positioned to capture growth trends in defense, commercial aerospace, and nuclear markets, with a strong emphasis on R&D and technological leadership [32][34][37] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to deliver strong results despite macroeconomic uncertainties, citing quick adaptations to challenges faced in previous years [5][10] - The outlook for 2025 has been raised, with expectations for strong top and bottom line growth, driven by a robust order book and operational excellence initiatives [10][11] - Management highlighted the importance of the U.S. defense budget and ongoing support for nuclear energy as positive indicators for future growth [32][64] Other Important Information - Approximately 20% of the company's business is subject to tariffs, with an estimated $30 million impact for 2025, but mitigation strategies are in place [21][22] - The company anticipates a total annualized savings of approximately $12 million from restructuring efforts initiated in 2024 [23][24] - The company is targeting a free cash flow range of $495 million to $515 million for 2025, reflecting a 2% to 7% increase over 2024 [28][29] Q&A Session Summary Question: Can you provide more detail on the tariff impact? - Management discussed the dynamic situation regarding tariffs and highlighted successful mitigation strategies that have reduced potential impacts significantly [42][44][46] Question: Was the increase in commercial aerospace guidance related to Boeing's return to production? - The increase was primarily driven by new cockpit voice recorder sales, with ongoing conservatism due to supply chain uncertainties [50][51][52] Question: How supportive has the current administration been towards nuclear energy? - Management expressed cautious optimism regarding ongoing support for nuclear energy, citing positive developments in Poland and Bulgaria [62][64] Question: What is the outlook for shipbuilding and how does it affect the company? - Management noted that while shipbuilding programs take time, there are immediate opportunities for the company to secure work share in existing fleet operations [67][68] Question: Can you comment on the Defense Electronics margin performance? - Management acknowledged conservatism in guidance due to various factors but emphasized ongoing operational excellence initiatives that are expected to yield positive results [70][72][74]

Financial Performance - Q1 2025 - Sales reached $806 million, a 13% increase overall, with 11% organic growth[6] - Operating Income increased by 34% to $134 million, resulting in a 260 bps year-over-year margin expansion[6] - Diluted EPS grew by 42% to $2.82[6] - New orders hit a record of $1.0 billion, up 13%, with a book-to-bill ratio of 1.26x[6] Segment Performance - Q1 2025 - Aerospace & Industrial sales increased by 4% to $227 million[7] - Defense Electronics sales increased by 16% to $245 million[7] - Naval & Power sales increased by 18% to $333 million[7] Full-Year 2025 Guidance - Total sales are projected to be between $3.365 billion and $3.415 billion, representing an 8-9% increase[11] - The company is targeting an operating margin of 18.3% - 18.5%, an increase of 80 - 100 bps year-over-year[6] - Diluted EPS is expected to grow by 14-17%[13] - Free Cash Flow is projected to have >105% conversion[6] End Market Growth Guidance - 2025 - Aerospace Defense is expected to grow by 6-8%[8] - Ground Defense is expected to grow by 6-8%[8] - Naval Defense is expected to grow by 5-7%[8] - Commercial Aerospace is expected to grow by 13-15%[8]

Core Insights - V2X (NYSE: VVX) reported its first quarter earnings on May 5, beating analyst estimates on EPS but missing revenue estimates, leading to a 4% drop in stock price following the earnings release [1] Company Performance - The company achieved better-than-expected earnings per share (EPS) but fell short on revenue expectations [1] - The stock price has decreased by 4% since the earnings announcement [1] Industry Context - The analysis is part of a broader investment research service focused on the aerospace, defense, and airline sectors, which are characterized by significant growth prospects [1] - The investing group provides data-informed analysis to identify investment opportunities within these industries [1]

Financial Data and Key Metrics Changes - Orders increased by nearly 22% in the quarter, resulting in a record backlog of $932 million [15] - Sales rose by 6.6% in the quarter, with all three segments contributing to the growth [15] - Adjusted EBIT margins were at 18%, with incremental margins on sales growth at 56%, leading to adjusted earnings per share of $1.35, a 24% increase year-over-year [15][21] Business Segment Data and Key Metrics Changes - **Aerospace and Defense**: Orders were up 5% with nearly 8% sales growth, driven by commercial aerospace and Navy orders. Adjusted EBIT margins increased by 400 basis points, with EBIT dollars up 28% due to favorable pricing and mix [16][17] - **Utility Solutions Group**: Orders grew nearly 17%, with sales growth of 4%. Adjusted EBIT margins improved to 23%, up 290 basis points year-over-year [18] - **Test Business**: Orders surged by 75%, with sales up 9%. Margins improved to 12.4%, benefiting from volume leverage and price increases [19] Market Data and Key Metrics Changes - The aerospace and defense market is expected to continue growing despite macro uncertainties, with strong demand for commercial and defense aircraft [8] - The utility market is experiencing a favorable business cycle, driven by increased electricity demand and aging infrastructure [11] - The renewable energy market is recalibrating, but order activity is improving compared to the previous year [12] Company Strategy and Development Direction - The company completed a major acquisition of SMMP, rebranding it as ESCO Maritime Solutions, which is expected to enhance margins and growth [10] - The strategic planning process assessed end markets and strategies to achieve above-market growth [7] - The company remains focused on navigating macroeconomic challenges while leveraging its diverse business mix [25] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate economic challenges and highlighted strong operational performance [5][25] - The outlook for the aerospace and defense markets remains positive, with expectations for continued growth despite recent order moderation [8] - Management acknowledged potential impacts from tariffs but emphasized proactive measures to mitigate risks [34] Other Important Information - The company updated its earnings guidance for 2025, projecting adjusted earnings per share in the range of $5.85 to $6.15 [23] - The acquisition of ESCO Maritime Solutions is expected to contribute adjusted earnings per share of $0.20 to $0.30 for the remainder of the fiscal year [23] Q&A Session Summary Question: Update on the sale of VACCO - Management indicated ongoing interest in the sale process, with a decision expected by May [28] Question: Performance of the underlying business - Management noted improvements in overall business performance, with stabilization observed compared to previous years [30] Question: Clarification on tariff impacts - The estimated tariff impact of $2 million to $4 million is a net figure, factoring in pricing adjustments and operational changes [34] Question: Cash generation from Maritime Solutions - Management expects strong cash flow benefits from the Maritime acquisition, with ongoing assessments as integration progresses [42] Question: Thoughts on shipbuilding budgets and orders - Management expressed confidence in the shipbuilding budget and order flow, particularly for Navy programs [45][76] Question: Insights on commercial aircraft orders - Management noted a moderation in commercial aircraft orders but remains optimistic about future demand normalization [72] Question: Pro forma capital structure and leverage profile - Management indicated a leverage ratio of just over 2.2 at closing, with expectations to reduce it below 2 as debt is paid down [81]

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, May 7: Flotek Industries, Inc. (FTK) : This tech-driven green chemistry and data company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 9.3% over the last 60 days. Flotek's shares gained 2.5% over the last six months compared with the S&P 500's decline of 5.7%. The company possesses a Momentum Score of B. See the full list of top ranked stocks here ...

Core Insights - Embraer S.A. reported first-quarter 2025 earnings of 40 cents per American Depository Share (ADS), exceeding the Zacks Consensus Estimate of 21 cents by 90.5% and showing year-over-year improvement [1] - Total revenues reached $1.10 billion, a 23% increase year over year, driven by growth in Executive Aviation, Defense and Security, and Services & Support segments, although it slightly missed the consensus estimate of $1.12 billion by 0.9% [1] Revenue and Orders - Embraer delivered 30 jets in the quarter, comprising seven commercial and 23 executive jets, compared to the previous year's 25 jets [2] - The backlog at the end of the first quarter was $26.4 billion, up from $26.3 billion in the prior quarter [2] Segment Performance - Executive Aviation segment revenues were $323 million, up 35% year over year due to higher volumes and favorable pricing [3] - Defense & Security segment revenues increased by 72% year over year to $139 million, driven by the KC-390 jet program [3] - Commercial Aviation segment revenues remained stable at $202 million, while Services & Support revenues rose 16% year over year to $425 million [4] - Other segments, including Agricultural Aviation and cyber division Tempest, saw revenues of $15 million, up 66% year over year [4] Operational Highlights - Operating income for Embraer was $51.2 million, a significant improvement from an operating loss of $3.9 million in the first quarter of 2024 [5] - Adjusted EBITDA increased to $108.6 million from $47.1 million in the same quarter last year [5] Financial Position - As of March 31, 2025, cash and cash equivalents were $0.81 billion, down from $1.56 billion at the end of 2024 [6] - Adjusted free cash outflow for the first quarter was $385.8 million, compared to $346.1 million in the prior-year period [6] - Net cash used in operating activities was $183.8 million, improved from $307.8 million in the first quarter of 2024 [6] 2025 Guidance - Embraer reiterated its 2025 guidance, expecting to deliver 77-85 commercial jets and 145-155 Executive Aviation jets [7] - The company anticipates revenues between $7.0 billion and $7.5 billion, with the Zacks Consensus Estimate at $7.36 billion [7] - Adjusted EBIT margin is expected to be between 7.5% and 8.3%, with projected adjusted free cash flow of $200 million or more [7] Zacks Rank - Embraer currently holds a Zacks Rank 3 (Hold) [8]

HOUSTON, May 07, 2025 (GLOBE NEWSWIRE) -- KBR (NYSE: KBR) announced today it has received NASA Super Nova Awards for 2024 Safety Excellence from the Johnson Space Center (JSC) Contractor Safety Forum on four contracts within NASA’s Human Exploration Division: the Mission Systems Operations Contract (MSOC), the Integrated Mission Operations Contract (IMOC), the Human Health and Performance Contract (HHPC), and the Extravehicular Activity Space Operations Contract (ESOC) as a major subcontractor to United Tec ...

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 | ...