The link to the live webcast of the Company's presentation will be available by visiting Gibraltar's website at https://ir.gibraltar1.com/reports-presentations. About Gibraltar Gibraltar is a leading manufacturer and provider of products and services for the residential, agtech, and infrastructure markets. Gibraltar's mission, to make life better for people and the planet, is fueled by advancing the disciplines of engineering, science, and technology. Gibraltar is innovating to reshape critical markets in c ...

Core Points - Dream Impact Trust announced the approval of amendments to its 5.50% convertible unsecured subordinated debentures, changing the conversion price from $31.02 per unit to $2.75 per unit [1][4] - The amendments resolution was approved by approximately 44.43% of the votes cast by unitholders present at the special meeting [3] - The Trust plans to implement these amendments in the fourth quarter of 2025, which includes an increase in the interest rate of the debentures from 5.50% to 6.50% starting January 31, 2026 [4] Voting Results - A total of 8,183,043 units of the Trust were represented at the meeting, either in person or by proxy [3] - The amendments resolution required a simple majority for approval, which was achieved with the votes cast [2] Company Overview - Dream Impact Trust is an open-ended trust focused on impact investing, with a portfolio of real estate assets managed by an experienced team [5] - The Trust aims to create positive impacts through its focus on environmental sustainability, affordable housing, and inclusive communities [5]

Core Points - Ferguson Enterprises Inc. will release its financial results for the quarter ended October 31, 2025, on December 9, 2025 [1][5] - The results will be available on Ferguson's corporate website at 6:45 a.m. ET/11:45 a.m. GMT [1][5] - A conference call and webcast for analysts and investors will take place on the same day at 8:30 a.m. ET/1:30 p.m. GMT [2][5] Company Overview - Ferguson is the largest value-added distributor in the North American construction market, which is valued at $340 billion [3] - The company reported sales of $30.8 billion for FY'25 and employs approximately 35,000 associates across over 1,700 locations [3]

Core Insights - Griffon Corporation reported a fiscal 2025 revenue of $2.5 billion, a 4% decrease from $2.6 billion in the previous year [1] - The company experienced a significant decline in net income, totaling $51.1 million or $1.09 per share, compared to $209.9 million or $4.23 per share in the prior year [2] - Adjusted net income for fiscal 2025 was $263.6 million, or $5.65 per share, an increase from $254.2 million, or $5.12 per share, in the previous year [3] Financial Performance - Fiscal 2025 adjusted EBITDA was $522.3 million, a 2% increase from $513.6 million in the prior year [4] - Fourth quarter revenue was $662.2 million, slightly up from $659.7 million in the same quarter of the previous year [5] - Fourth quarter net income was $43.6 million, or $0.95 per share, down from $62.5 million, or $1.29 per share, in the prior year quarter [6] Segment Performance - Home and Building Products (HBP) revenue for 2025 was $1.6 billion, consistent with the prior year, with a 2% favorable price and mix offset by a 2% decrease in volume [10] - Consumer and Professional Products (CPP) revenue in 2025 was $0.9 billion, a decline of 10% compared to 2024, primarily due to a 12% decrease in volume driven by reduced consumer demand [12] - HBP adjusted EBITDA for 2025 was $494.6 million, a 1% decrease from the previous year, while CPP adjusted EBITDA increased by 18% to $85.5 million [13][10] Cash Flow and Shareholder Returns - The company generated $323 million in free cash flow during the year, which supported the repurchase of 1.9 million shares and regular quarterly dividends [8] - Griffon returned a total of $174 million to shareholders in 2025 through dividends and share repurchases [8] - A 22% increase in the regular quarterly dividend to $0.22 per share was announced, reflecting confidence in the company's strategic plan [9] Balance Sheet and Capital Expenditures - As of September 30, 2025, Griffon had cash and equivalents of $99 million and total debt outstanding of $1.41 billion, resulting in net debt of $1.31 billion [17] - The company reduced its debt by approximately $116 million during the year, improving leverage to 2.4x from 2.6x in the prior year [17] - Capital expenditures for the year were $34.4 million, including $18 million from asset sales [17] 2026 Outlook - For fiscal year 2026, Griffon expects revenue to remain at $2.5 billion and adjusted EBITDA in the range of $580 million to $600 million [20] - The company anticipates HBP and CPP revenue to be in line with 2025, with HBP EBITDA margin exceeding 30% and CPP around 10% [21]

Core Insights - Cemex US has appointed Will Price as Senior Vice President of Mergers & Acquisitions to lead strategic growth initiatives through targeted acquisitions and divestitures [1][2][3] Company Overview - Cemex is a global building materials company with a network in the U.S. that includes 8 cement plants, nearly 50 cement terminals, about 50 aggregate quarries, and over 280 ready-mix concrete plants [5] - The company has been recognized for its sustainability efforts, earning the U.S. EPA ENERGY STAR® Partner of the Year award consecutively since 2019 [5] Leadership and Experience - Will Price has over a decade of experience in strategy and business development, previously serving as Vice President of Corporate Development and Integration at a leading manufacturer of exterior building products, where he managed transactions totaling over $3 billion in enterprise value [2][3] - Price holds a Bachelor of Science in Aerospace Engineering and an MBA in Corporate Finance [3] Strategic Focus - Price emphasized the importance of identifying opportunities that align with Cemex's long-term strategy and deliver value to customers, employees, and communities [4]

Core Points - Watts Water Technologies announced the departure of Chief Financial Officer Ryan Lada to pursue a new opportunity [1][4] - Diane McClintock has been appointed as the new Chief Financial Officer, effective immediately, bringing extensive experience from her previous role as Senior Vice President of FP&A and Investor Relations [2][3] - The transition aims to ensure financial, operational, and strategic continuity within the company [2][3] Leadership Transition - Diane McClintock has been with Watts since 2010 and has played a significant role in the company's growth and financial performance [3] - McClintock expressed her commitment to executing the company's profitable growth strategy and ensuring a smooth transition [3] - The company emphasizes that Lada's departure is for personal reasons and not related to any business or financial issues [4] Company Overview - Watts Water Technologies is a global manufacturer headquartered in the USA, providing a wide range of plumbing, heating, and water quality products [5] - The company serves commercial, residential, and industrial applications with innovative solutions [5]

Core Insights - Stratus Properties Inc. reported a net loss of $(5.0) million for Q3 2025, compared to a loss of $(0.4) million in Q3 2024, indicating a significant decline in performance [4] - The company’s revenues for Q3 2025 were $5.0 million, down from $8.9 million in Q3 2024, primarily due to no real estate sales during the quarter [4][8] - Stratus is exploring cash utilization strategies following the anticipated sale of Lantana Place – Retail for approximately $57.4 million, which is expected to close in Q4 2025 [3][30] Financial Performance - Net loss attributable to common stockholders for the first nine months of 2025 was $(7.6) million, compared to a net income of $2.5 million in the same period of 2024 [4] - Total revenues for the first nine months of 2025 were $21.6 million, down from $43.9 million in the first nine months of 2024, largely due to reduced real estate sales [4][8] - EBITDA for the first nine months of 2025 was $(8.0) million, compared to $3.9 million in the same period of 2024 [4] Cash and Liquidity - As of September 30, 2025, Stratus had $55.0 million in cash and cash equivalents, a significant increase from $20.2 million at the end of 2024 [9] - The company’s consolidated debt totaled $203.9 million as of September 30, 2025, compared to $194.9 million at the end of 2024 [9][10] Development and Operations - The lease-up of The Saint George is progressing, and the company is preparing for homebuilding at Holden Hills Phase 1 in 2026 [5] - Stratus has incurred capital expenditures of $28.6 million for the first nine months of 2025, primarily related to ongoing developments [11] Share Repurchase Program - As of November 7, 2025, Stratus has repurchased 180,899 shares at an average price of $21.59 per share, with $21.1 million remaining under its $25.0 million share repurchase program [12]

Core Insights - Dream Unlimited Corp. reported solid financial results for the third quarter of 2025, with expectations for a strong fourth quarter driven by lot and acre sales [2][3] - The company has made significant progress in its development projects, particularly with the launch of Coopertown, a 1,200-acre community in Northwest Regina [2][3] - The asset management division continues to grow, with $28 billion in assets under management (AUM) as of September 30, 2025, and positive base fee growth year over year [3][12] Financial Performance - Revenue for the third quarter of 2025 was CAD 114.6 million, compared to CAD 95.7 million in the same period of 2024, representing a year-over-year increase of 19.7% [6] - Net margin for the third quarter was CAD 27.2 million, or 23.7% of revenue, up from CAD 14.9 million (15.6% margin) in the prior year [6][8] - Loss before income taxes for the third quarter was CAD 16.9 million, a nominal change from the comparative period [8] Asset Management Division - The asset management division generated revenue of CAD 14.5 million and a net margin of CAD 11.0 million in the third quarter, compared to CAD 13.8 million and CAD 6.6 million in the prior period [8] - Dream Residential REIT announced an acquisition agreement at USD 10.80 per unit, representing an 18% premium to the closing price prior to the announcement, expected to generate over CAD 35 million in gross proceeds for Dream [3][8] Development Projects - The company has commenced site servicing for the first phase of Coopertown, with 150 lots pre-sold to date, excluding those allocated to the home division [2][3] - The development market in Toronto remains challenging, but the company is advancing key projects such as 49 Ontario and Quayside [2][3] Occupancy and Leasing - As of September 30, 2025, occupancy across completed apartment buildings was 82.3%, an increase from 80.3% in the previous quarter [4] - The company is seeing increased leasing activity across its completed apartments and those managed on behalf of clients [4] Liquidity and Debt Management - As of September 30, 2025, the company had available liquidity of CAD 327.7 million and CAD 221.0 million of contractual debt maturities expected over the next 12 months [8] - The company is in advanced discussions with lenders regarding debt maturities and aims to increase liquidity over time [8]

Core Points - HNI Corporation announced a quarterly dividend of 34 cents per share on its common stock, payable on December 1, 2025, to shareholders of record as of November 17, 2025 [1][7]. Company Overview - HNI Corporation has been in operation for over 75 years, focusing on improving living and working environments [2]. - The company operates under two segments: Workplace Furnishings, which is a leading global designer and provider of commercial furnishings, and Residential Building Products, which is the nation's leading manufacturer and marketer of hearth products [2].

Core Insights - Watts Water Technologies reported strong third quarter results for 2025, exceeding expectations due to robust performance in the Americas, which offset market weaknesses in Europe [2][6][7] - The company announced the acquisition of Haws Corporation, enhancing its product offerings in emergency safety and hydration solutions [2][6] - The company is optimistic about its ability to navigate trade challenges and is increasing its full-year sales and margin outlook for 2025 [2][14] Financial Performance - Net sales for Q3 2025 reached $611.7 million, a 13% increase from $543.6 million in Q3 2024, with organic sales growth of 9% [5][6] - Operating income rose to $111.4 million, up 20% from $93.2 million in the previous year, with an operating margin of 18.2%, an increase of 110 basis points [5][8] - Adjusted diluted earnings per share increased to $2.50, a 23% rise from $2.03 in Q3 2024 [5][6] Regional Performance - In the Americas, sales were $464 million, a 16% increase on a reported basis and 13% organically, driven by favorable pricing and demand [9][10] - European sales reached $112 million, a 4% increase on a reported basis but a 2% decrease organically, impacted by lower volumes and market weakness [10] - APMEA (Asia-Pacific, Middle East, and Africa) sales were $36 million, showing a 1% decrease on a reported basis, with flat organic sales [11] Cash Flow and Capital Allocation - For the first nine months of 2025, operating cash flow was $247 million, with free cash flow of $216 million, compared to $204 million in the same period last year [12] - The company repurchased approximately 15,000 shares for $3.9 million during Q3 2025, with $133 million remaining under the stock repurchase program [13] Full Year 2025 Outlook - The company expects reported sales to increase between 7% to 8% and organic sales to grow between 4% to 5% for the full year [14] - Operating margin is projected to be between 18.1% and 18.2%, with adjusted operating margin expected between 19.1% and 19.2% [14]