Beacon Lighting Group (BLX) H2 2025 Earnings Call August 27, 2025 09:00 PM ET Company ParticipantsGlen Robinson - CEO & DirectorIan Robinson - Executive ChairmanDavid Speirs - CFOKseniya Chadayeva - Equity Research AssociateAmanda Kelly - Equity Research CadetConference Call ParticipantsSam Teeger - Equity Research Analyst & Head - Small & Mid Caps, Food & BeveragesEmily Porter - Associate AnalystJames Casey - Senior Equity AnalystNone - AnalystGlen RobinsonWe're actually going to hand over to Ian Robinson, ...

Financial Data and Key Metrics Changes - Beacon Lighting Group achieved record sales of $329 million, reflecting a 3.7% increase from the previous year [5][9] - Gross profit margin improved to 69.1%, up from 68.9% last year, indicating effective vertical product development [6][10] - EBITDA grew by 2.5% to $87.1 million, while net profit after tax was $29.4 million, slightly down by 0.7% [11][12] - Operating expenses increased by 5.3%, representing 43.5% of sales, compared to 42.8% last year [11][16] Business Line Data and Key Metrics Changes - Trade sales grew to 40% of total sales, with a 24% increase in trade sales through stores, totaling $125 million [7][29] - Retail sales momentum built throughout the year, culminating in strong fourth-quarter results [12][13] - The company introduced 558 new products, enhancing its core range of 3,005 products [27] Market Data and Key Metrics Changes - Comparative sales increased by 1.5%, with South Australia, Western Australia, and Queensland being the best-performing regions [13][27] - Victorian store sales began to improve in the second half of FY 2025 after a challenging period [13][81] Company Strategy and Development Direction - The company focuses on four strategic pillars: store expansion, trade partnerships, e-commerce growth, and complementary businesses [22][23] - The vision for 2030 aims to position Beacon Lighting as Australia's leading provider of quality lighting and electrical accessories for both homeowners and trade professionals [24][25] - The company plans to open four new stores annually and relocate two stores to stronger premises [52][56] Management's Comments on Operating Environment and Future Outlook - Management noted positive signs of retail spending due to recent rate cuts, which may enhance future performance [3][12] - The company is optimistic about capturing growth as building activity strengthens, particularly in the trade sector [12][35] - Management emphasized the importance of internal improvements and operational efficiency to sustain growth [106] Other Important Information - The company maintained a robust cash balance of over $55 million, allowing for flexibility in future growth [6][19] - A fully franked dividend of $0.38 per share was declared for the second half of FY 2025 [20] Q&A Session Summary Question: What has changed from Q3 to Q4 that drove the acceleration in sales? - Management indicated that the improvement was across the board, with better performance in both trade and retail, particularly in Victoria [39][40] Question: Guidance on costs moving forward? - Management expects to manage costs tighter, with some stabilization in wage and electricity costs, but anticipates similar levels of operating expenses as a percentage of sales [41][43] Question: Performance of the trade club loyalty program? - The trade club membership is around 60,000, with increasing frequency of visits from existing customers being a key focus [44][46] Question: Challenges in finding new store sites? - Management aims for four new stores and two relocations annually, but acknowledges that the rollout may be uneven due to construction delays [50][52] Question: Impact of U.S. tariffs on pricing? - Management has not seen significant changes in pricing due to tariffs, but remains optimistic about maintaining solid margins through product innovation [56][58] Question: Total trade sales growth in FY 2025? - Trade sales growth was in the high teens, with store sales up 24% [68] Question: Gross profit margin expectations for FY 2026? - Management is comfortable with maintaining strong gross profit margins, with stability in pricing and product mix being key factors [72][74] Question: International revenue growth in FY 2025? - International revenue grew by 6.5%, with strong performance in Hong Kong and Europe, while the U.S. market remained challenging [76][87]

Financial Data and Key Metrics Changes - The Beacon Lighting Group achieved record sales of $329 million, representing a 3.7% increase from the previous year [5][9] - Gross profit margin improved to 69.1%, up from 68.9% last year, reflecting effective product development [6][10] - EBITDA grew by 2.5% to $87.1 million, while net profit after tax was $29.4 million, down slightly by 0.7% [11][12] - Operating expenses increased by 5.3%, accounting for 43.5% of sales, compared to 42.8% last year [11][16] Business Line Data and Key Metrics Changes - Trade sales grew to 40% of total sales, with a 24% increase in trade sales through stores, totaling $125 million [7][29] - Retail sales momentum built throughout the year, culminating in strong fourth-quarter results [12][13] - The company introduced 558 new products, enhancing its core range of 3,005 products [27] Market Data and Key Metrics Changes - Comparative sales increased by 1.5%, with South Australia, Western Australia, and Queensland being the best-performing regions [13][27] - Victorian store sales began to improve in the second half of the financial year after a challenging period [14][81] Company Strategy and Development Direction - The company focuses on four strategic pillars: store expansion, trade partnerships, e-commerce growth, and complementary businesses [22][23] - The vision for 2030 aims to position Beacon Lighting as Australia's leading provider of quality lighting and electrical accessories for both homeowners and trade professionals [24][25] - The company plans to open four new stores annually and relocate two stores to stronger premises [52][56] Management's Comments on Operating Environment and Future Outlook - Management noted positive signs of retail spending due to recent rate cuts, which may enhance future performance [3][40] - The company is optimistic about capturing growth as building activity strengthens, particularly in the trade sector [12][35] - The outlook for FY 2026 is positive, with continued focus on product innovation and customer engagement [36][104] Other Important Information - The company maintained a robust cash balance of over $55 million, allowing for flexibility in future growth [6][19] - A fully franked dividend of $0.38 per share was declared for the second half of FY 2025 [20] Q&A Session Summary Question: Insights on changes from Q3 to Q4 and acceleration drivers - Management indicated that improvements were seen across both trade and retail, with positive performance in Victoria [39][40] Question: Guidance on cost expectations moving forward - Costs are expected to stabilize, with some items being managed tighter, but statutory costs may continue to rise [41][43] Question: Performance of the trade club loyalty program - The trade club has around 60,000 members, with increasing frequency of visits from existing customers [44][46] Question: Challenges in finding new store sites - The company aims for four new stores and two relocations annually, though timing may vary due to construction delays [50][52] Question: Impact of U.S. tariffs on pricing - No significant changes in pricing were noted, with stable buying prices and consistent supplier relationships [56][58] Question: Marketing costs and their impact on sales - Marketing expenses were lower than usual, but the company plans to increase spending while seeking cost savings [59][60] Question: Total trade sales growth in FY 2025 - Trade sales growth was in the high teens, with store sales up 24% [68] Question: Gross profit margin expectations for FY 2026 - Management is comfortable with maintaining strong gross profit margins, with stability in pricing and product mix [71][73] Question: International revenue growth in FY 2025 - International revenue grew by 6.5%, with strong performance in Hong Kong and Europe, but softer results in the U.S. [75][87]

FY2025 RESULTS PRESENTATION 28 AUGUST 2025 For personal use only CONTENTS RESULTS OVERVIEW FINANCIALS STRATEGIC PILLARS OF GROWTH FY2026 OUTLOOK QUESTIONS APPENDIX 123456 For personal use only BEACON LIGHTING GROUP FY2025 RESULTS PRESENTATION 2 RESULTS OVERVIEW For personal use only 3 1 FINANCIAL HIGHLIGHTS $328.9m RECORD SALES $29.4m NPAT 69.1% GROSS PROFIT MARGIN 8.9% NPAT MARGIN $87.1m EBITDA $55.2m CASH (1) 1 For personal use only (1) Cash and cash equivalients (including other financial assets) BEACON ...

Key Takeaways WSM's Q2 EPS of $2 beat estimates by 11.7%, with revenues up 2.8% year over year to $1.84 billion.Comps rose 3.7%, led by gains at Williams-Sonoma, West Elm and Pottery Barn Kids and Teens brands.Operating margin expanded 240 bps to 17.9%, prompting raised FY25 revenue and comps guidance.Williams-Sonoma Inc. (WSM) reported results for the second-quarter fiscal 2025 (ended Aug. 3), with earnings and net revenues beating the Zacks Consensus Estimate and increasing year over year.Following the ea ...

Core Insights - GXO Logistics and B&Q are collaborating to achieve net-zero carbon emissions in B&Q's logistics operations by 2040, with significant advancements in alternative fuel usage and AI technology [1][2][3] Group 1: Partnership and Goals - The partnership between GXO and B&Q began in 2015, managing B&Q's retail transport network and focusing on sustainability and innovation in logistics [2] - B&Q aims to decarbonize its logistics fleet, with a comprehensive roadmap called the B&Q Sustainability Glidepath launched in 2022, targeting a 40% reduction in emissions by 2024 [3] Group 2: Fleet Transformation - B&Q has deployed 105 Liquified Natural Gas (LNG) vehicles since 2019, now holding the second-largest LNG fleet in the UK, which has reduced carbon emissions by 16,000 tonnes [4] - All remaining vehicles and 80 refrigerated trailers were converted to Hydrotreated Vegetable Oil (HVO) by December 2024, achieving up to 90% reduction in CO₂ emissions compared to diesel [4] Group 3: Electrification and Operational Efficiency - The current electric vehicle (EV) fleet includes five electric vans and two electric HGVs, with plans to add 55 more EVs over the next five years, projected to save 250 tonnes of CO₂ equivalent annually [5] - Initiatives to reduce road miles include backhaul optimization, saving 104 tonnes of Scope 3 emissions in 2024, and a 9.5% reduction in fleet size since 2021 through improved scheduling [5] Group 4: AI and Future Innovations - B&Q is piloting GXO's AI-powered transport optimization platform, which is expected to save 240,000 kilometers and 150 tonnes of CO₂ annually, with full implementation planned for 2025 [7] - In Q1 2025, 35 new LNG-powered Volvo FH Aero tractor units were introduced, improving fuel efficiency by 3% and saving an estimated 100 tonnes of CO₂ annually [6]

MOORESVILLE, N.C., Aug. 26, 2025 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) announces that Marvin R. Ellison, chairman and chief executive officer, will participate in a fireside chat at the Goldman Sachs 32nd Annual Global Retailing Conference. What: Marvin Ellison participating in a fireside chat at the Goldman Sachs 32nd Annual Global Retailing Conference When: 1:10 p.m. ET on Wednesday, Sept. 3, 2025 Where: Listen to the audio webcast at ir.lowes.com under "Events & Presentat ...

Key Takeaways WSM Q2 EPS estimate is $1.78, up 2.3% YoY, while revenues are projected to rise 1.6% to $1.82B.Strong digital tools, AI integration and global expansion support revenue growth across key brands.Margin gains expected from supply-chain optimization, resourcing shifts and tighter cost control.Williams-Sonoma, Inc. (WSM) is scheduled to release second-quarter fiscal 2025 results on Aug. 27, before market open.In the last reported quarter, the company’s earnings and net revenues topped the Zacks Co ...

Core Insights - Home Depot, Inc. reported second-quarter fiscal 2025 results showing stable earnings per share but ongoing margin pressure, with EPS at $4.58, slightly down from $4.60 a year ago [1][8] - The company reaffirmed its fiscal 2025 guidance, expecting a gross margin of approximately 33.4% and a decline in adjusted earnings per share by about 2% from $15.24 in fiscal 2024 [4][8] Financial Performance - The second-quarter gross margin was 33.4%, a slight improvement from the previous year, but the operating margin decreased to 14.5% from 15.1% in the same quarter of fiscal 2024 [2][8] - Operating expenses increased by 65 basis points as a percentage of sales, reaching 18.9%, with SG&A expenses climbing 8.7%, outpacing sales growth of 4.9% [3][4] Competitor Analysis - Lowe's Companies, Inc. reported a 5.6% increase in adjusted EPS to $4.33, with an adjusted gross margin of 33.8% and an adjusted operating margin of 14.7%, indicating effective cost management [5] - Floor & Decor Holdings, Inc. saw an 11.5% increase in earnings to 58 cents per share, managing gross margin and profitability despite external pressures [6] Market Position - Home Depot shares have increased by 10.4% over the past year, outperforming the industry growth of 7.4% [7] - The company trades at a forward price-to-earnings ratio of 26.16, higher than the industry average of 23.50, and carries a Value Score of D [9] Sales and Earnings Estimates - The Zacks Consensus Estimate for Home Depot's current financial-year sales implies a year-over-year growth of 2.9%, while earnings per share are expected to decline by 1.4% [10]

ATLANTA, Aug. 25, 2025 /PRNewswire/ -- The Home Depot® announced today that its wholly owned subsidiary, Gold Acquisition Sub, Inc. ("Purchaser"), has extended the expiration date of its tender offer to purchase, subject to certain conditions, all of the outstanding shares of common stock of GMS (the "Shares"), at a price of $110.00 per Share in cash, without interest and subject to any required withholding of taxes.The offer, which was previously scheduled to expire at one minute after 11:59 p.m., Eastern ...