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Saving, Serving, and Succeeding: A Life Beyond Limits | Pralhad Kulkarni | TEDxICEAS
TEDx Talks· 2025-08-14 16:42
[Music] Good afternoon everybody. Okay, I'm Pratad Kulkarni as madam has introduced me. I am from Bijapur from poor family and uh you know Bijapur means we get water weekly once and we have the mixture of Canada and uru language.So knowing only that one language that is this is the language neither I don't know Canada properly nor the udu somehow managed and after completion of my SLC since my financial conditions was poor then uh we started searching for the wanted earlier in all the newspaper we used to g ...
Vontier(VNT) - 2025 H1 - Earnings Call Transcript
2025-08-14 02:00
Financial Data and Key Metrics Changes - Group revenue decreased slightly to just over $3,000,000,000, down 1.5% primarily due to lower defense and social infrastructure revenue [6][14] - EBITDA increased by 2.8%, with margin expanding to 8.3%, up 0.3 percentage points due to improved mix and focus on margin enhancement [6][15] - NPATA was $119,400,000, an increase of 11.9% year on year, with cash conversion rising to 93.2%, up 2.5 percentage points [6][15] Business Line Data and Key Metrics Changes - Defense and Social Infrastructure revenue declined by 6% due to lower defense-based services project work and revised contract scopes, but EBITDA margin improved by 1.4 percentage points to 8.1% [18] - Infrastructure Services revenue increased by 9.6%, with EBITDA up by 21.4% and EBITDA margin improving to 8.8%, driven by new higher-margin contracts in Energy and Water [19] - Telecommunications sector experienced a slight dip in revenue and EBITDA due to mobilization costs from new contracts, with expectations for ramp-up in the second half [19] Market Data and Key Metrics Changes - The total addressable market is forecasted to expand from $86,800,000,000 in FY 2025 to $100,000,000,000 by FY 2029, reflecting a compound annual growth rate of 4.7% [27] - The Australian government's plan to increase defense investment above 2.3% of GDP by 2033 is expected to benefit the company, with 77% of revenue linked to government entities [28] Company Strategy and Development Direction - The company aims to redefine service excellence with a focus on customer satisfaction, innovation, and sustainability [32] - Recent contract wins and a strong pipeline support the company's growth ambitions, particularly in telecommunications and energy sectors [11][30] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in a positive second half, expecting underlying NPATA growth of 10% to 12% compared to FY 2024, driven by recent contract wins and operational improvements [35] - The company anticipates a rebound in revenue growth in the second half as timing issues unwind [14] Other Important Information - The company has maintained a consistent track record of progressive financial results, with dividends growing by 43.4% since 2022 and a share buyback of $82,500,000 [4][24] - The acquisition of PowerNet enhances the company's position in the energy transition market, supporting upgrades to Australia's power network [22][23] Q&A Session Summary Question: Guidance for NPATA growth - Management expects a combination of revenue uplift and EBITDA margin improvement, particularly in the telco sector, to contribute to the guidance [39][40] Question: NBN contract pipeline and market share - The company has secured significant contracts with major telco carriers and estimates about 50% market share in the NBN space [44][46] Question: Working hand profile and revenue expectations - The company has a record work in hand and anticipates growth in this area, with a high renewal rate [48][50] Question: Telco segment mobilization costs - Management did not provide specific figures but indicated that mobilization costs are expected to reverse in the second half [53][55] Question: Defense and social infrastructure revenue variability - Revenue variability is attributed to several factors, including contract exits and timing of new contracts, but margins are expected to be sustainable [75][78] Question: Drivers of lower depreciation and amortization - The lower depreciation is primarily due to low capital expenditure in previous years, with expectations for an increase in future years [79]
Strength in Commercial Aerospace Drives Howmet: Will the Momentum Last?
ZACKS· 2025-08-13 17:56
Key Takeaways Commercial aerospace made up 52% of HWM's Q2 2025 sales, up 8% year over year.Engine Products revenues rose 13.2% on stronger commercial aerospace demand.Defense sales benefit from F-35 engine spares demand and higher military budgets.Howmet Aerospace Inc.’s (HWM) commercial aerospace market is playing a significant role in driving its overall growth. In the second quarter of 2025, the company’s revenues from the commercial aerospace market increased 8% year over year, which accounted for 52% ...
X @Bloomberg
Bloomberg· 2025-08-13 16:48
Porsche and Deutsche Telekom are in talks to anchor a new venture capital fund focused on European defense technology companies that is seeking to raise €500 million https://t.co/U2TDf0UOs2 ...
X @Bloomberg
Bloomberg· 2025-08-13 16:06
A union representing workers at Boeing’s St. Louis-area defense factories urged US lawmakers from Missouri to intervene and nudge the planemaker to reach a deal https://t.co/XE3YEtWZIl ...
X @Bloomberg
Bloomberg· 2025-08-13 14:46
Defense manufacturer Czechoslovak Group AS has selected banks to lead its potential initial public offering that could take place as soon as next year, according to people familiar with the matter https://t.co/9S4uT0p43Q ...
X @Bloomberg
Bloomberg· 2025-08-13 07:32
The owners of Porsche and Volkswagen are setting up a fund to make defense-industry investments, hoping to ride a surge in European military spending https://t.co/69wx6rGFdq ...
X @Bloomberg
Bloomberg· 2025-08-12 15:50
The Czech Defense Ministry approved a plan to buy an initial 44 tanks Leopard 2A8 from Germany for 32.8 billion koruna ($1.6 billion) https://t.co/GMx47Lhx2p ...
How Should You Play RTX Stock Following Its DARPA Contract Win?
ZACKS· 2025-08-12 14:55
Group 1: Company Developments - RTX Corp.'s BBN Technologies has secured a DARPA contract for the Intelligent Generation of Tools for Security program, aimed at enhancing cybersecurity through automation [1][9] - The project will reduce reliance on manual methods, enhancing defenses across various sectors, including military, and expanding RTX's footprint in the cybersecurity market [2][9] - RTX's defense backlog reached $92 billion as of June 30, 2025, driven by substantial orders from the Pentagon and international allies [7][9] Group 2: Stock Performance - RTX shares have gained 23% in the past six months, outperforming the Zacks Aerospace-Defense industry's increase of 20.3% and the S&P 500's return of 4.4% [4][9] - The consensus estimate for RTX's long-term earnings growth rate is 9.1%, indicating positive growth prospects [10] Group 3: Financial Estimates - The Zacks Consensus Estimate for second-quarter 2025 revenues suggests a 6.5% improvement year-over-year, while earnings are expected to decline by 2.8% [14] - RTX's sales estimates for 2025 and 2026 indicate growth, with current year sales estimated at $85.69 billion and next year at $90.41 billion [15] Group 4: Market Dynamics - The commercial aerospace market is benefiting from rising global air travel, with RTX's Collins Aerospace Unit reporting an 8.9% year-over-year revenue increase and Pratt & Whitney growing by 12.2% [12] - Geopolitical tensions are driving demand for defense products, positively impacting RTX's performance and that of other defense contractors like Boeing and General Dynamics [11]
X @BBC News (World)
BBC News (World)· 2025-08-12 13:55
British soldiers using sex workers in Kenya despite ban, inquiry finds https://t.co/A4UEPjHvlH ...