Market Overview - Market participants began the trading week without a clear catalyst, resulting in flat trading with the Dow down 14 points (-0.03%) and the S&P 500 down 1 point (-0.02%) [1] - The Nasdaq saw a slight gain of +0.03%, while the small-cap Russell 2000 outperformed with a +0.35% increase [1] Homebuilders Confidence - Homebuilders Confidence for August decreased to 32, lower than the expected 34 and matching June's level, which is the lowest since December 2021 [2] - Homebuilders are increasing incentives for new home sales to a five-year high due to weak demand and elevated mortgage rates [2] Interest Rate Outlook - No interest rate cuts are expected from the Federal Reserve until at least September 17, with a projected cut of 25 basis points [3] - This potential cut would bring the Fed funds rate below 4% for the first time in 2.5 years [3] Upcoming Housing Data - Upcoming housing data includes Housing Starts and Building Permits for July, expected to be slightly lower at 1.30 million and 1.39 million, respectively [4] - Existing Home Sales are anticipated to improve to 4.0 million from 3.93 million reported last month [4] Earnings Results - Palo Alto Networks reported fiscal Q4 earnings of 95 cents per share, exceeding the consensus of 88 cents, with revenues of $2.54 billion surpassing expectations of $2.50 billion [5] - Following the positive earnings report, Palo Alto Networks shares jumped +7% [5] - Fabrinet also reported Q4 earnings of $2.65, beating consensus by a penny, with revenues of $909.7 million exceeding the expected $883.1 million [6] - Despite positive guidance, Fabrinet shares fell -1.5% after a year-to-date gain of +48% [6]

Financial Performance - Q2 2025 - Revenue reached $135.1 million, a 6.5% increase year-over-year (YoY)[16, 17] - Non-GAAP EPS increased to $0.41, a 10.3% rise YoY[19, 20] - Revenue fulfilled through the Protolabs Network increased by 16% YoY in constant currencies, reaching $29.3 million[21] - Revenue increased 7% sequentially from Q1 2025[21] Revenue by Service - Q2 2025 (YoY in constant currencies) - Injection Molding revenue decreased by 4% to $47.4 million[23] - 3D Printing revenue decreased by 1% to $21.2 million[24] - Sheet Metal revenue increased by 9% to $4.3 million[25] - CNC Machining revenue increased by 20% to $61.9 million[27] Q3 2025 Outlook - Revenue is projected to be between $130 million and $138 million[33] - Non-GAAP EPS is expected to be in the range of $0.35 to $0.43[33] - Foreign currency is expected to have an approximately $0.4 million favorable impact on Q3 2025 revenue[35] Additional Metrics - Customer contacts using combined offer in LTM up nearly 45% YoY[5] - Revenue per customer contact in Q2 2025 grew 11% YoY[5] - 100% of Fortune 500 Companies Served in Aerospace + Defense[9]

Core Insights - Atos has been recognized as a European leader in three categories of ISG's "Manufacturing Industry Services and Solutions" Provider Lens™ 2024 assessment, specifically in Industry Transformation Services, Smart/Digital Factory Solutions, and Manufacturing Supply Chain and Procurement Services [1][2]. Group 1: Industry Transformation Services - Atos provides digital transformation services across Europe, including advanced AI solutions and smart factory technologies, aimed at optimizing production [2]. - The company has established strong collaborations with major industry players, including leading automotive manufacturers, and supports gigafactories alongside R&D initiatives in data intelligence and operational performance [2]. Group 2: Smart & Digital Factory Solutions - Atos is recognized for its comprehensive suite of end-to-end smart manufacturing solutions, which includes M4MFG consulting service and R&D engineering [2]. - The assessment highlighted Atos' strengths in integrating advanced technologies into manufacturing processes and its transformation consulting-led engagement approach [2]. Group 3: Manufacturing Supply Chain and Procurement Services - The report emphasizes Atos' advanced manufacturing solutions and intelligent supply chain management, showcasing its commitment to environmental protection [2]. - Atos is at the forefront of Manufacturing as a Service (MaaS), enhancing supply chain execution and control, and offers intelligent supply chain management solutions that provide end-to-end transparency and resilience [2]. Company Overview - Atos Group is a global leader in digital transformation with approximately 72,000 employees and annual revenue of around €10 billion, operating in 68 countries [5]. - The company is recognized as the European number one in cybersecurity, cloud, and high-performance computing, committed to a secure and decarbonized future [5].

Group 1: Crown Holdings, Inc. (CCK) - Crown Holdings has a Zacks Rank of 1 and a PEG ratio of 1.58, which is slightly lower than the industry average of 1.59 [1] - The Zacks Consensus Estimate for Crown's current year earnings has increased by 4.4% over the last 60 days [1] - The company possesses a Growth Score of B [1] Group 2: Jabil Inc. (JBL) - Jabil carries a Zacks Rank of 1 and has a PEG ratio of 1.43, significantly lower than the industry average of 1.93 [2] - The Zacks Consensus Estimate for Jabil's current year earnings has increased by 5.2% over the last 60 days [2] - The company possesses a Growth Score of B [2] Group 3: Primoris Services Corporation (PRIM) - Primoris has a Zacks Rank of 1 and a PEG ratio of 1.60, compared to a much higher industry average of 4.60 [3] - The Zacks Consensus Estimate for Primoris's current year earnings has increased by 0.5% over the last 60 days [3] - The company possesses a Growth Score of A [3]

Core Viewpoint - Xometry, Inc. has announced the pricing of $225 million in 0.75% Convertible Senior Notes due 2030, aimed at qualified institutional buyers, with expected net proceeds of approximately $217 million for various corporate purposes [1][4]. Group 1: Offering Details - The offering includes an option for initial purchasers to buy an additional $25 million in Notes within 13 days of issuance [2] - The Notes will accrue interest at a rate of 0.75% per year, payable semiannually, and will mature on June 15, 2030 [3] - The initial conversion rate is set at 21.2495 shares of Class A common stock per $1,000 principal amount of Notes, equating to a conversion price of approximately $47.06 per share, representing a 30% premium over the last reported sale price [5] Group 2: Use of Proceeds - Xometry plans to use the net proceeds to cover the cost of capped call transactions ($15.7 million), repurchase approximately $8 million of its Class A common stock, and repurchase about $201.7 million of its outstanding 1.00% Convertible Senior Notes due 2027 [4] - Additional proceeds, if the option is exercised, may be used for further capped call transactions, working capital, and potential acquisitions or strategic investments [4] Group 3: Redemption and Conversion Terms - The Notes cannot be redeemed before June 20, 2028, and can be redeemed under specific conditions related to the stock price [6] - In the event of a "fundamental change," noteholders may require Xometry to repurchase their Notes at 100% of the principal amount plus accrued interest [7] - The conversion rate may be adjusted in certain corporate events or upon redemption [8] Group 4: Capped Call Transactions - Xometry has entered into capped call transactions to mitigate potential dilution from the conversion of the Notes, with an initial cap price of $63.35, a 75% premium over the last reported sale price [9][10] - The capped call transactions are expected to reduce cash payments required upon conversion and are subject to customary adjustments [9] Group 5: Market Impact - The initial purchasers may engage in derivative transactions and stock purchases that could influence the market price of Xometry's Class A common stock and the Notes [11][12] - Concurrently with the offering, Xometry repurchased approximately $8 million of its Class A common stock, which may affect the market price [13] - Xometry also repurchased approximately $216.7 million of its 2027 notes, which could lead to further market activity affecting stock prices [14][15] Group 6: Regulatory Information - The Notes are offered only to qualified institutional buyers under Rule 144A and are not registered under the Securities Act [16] - This offering does not constitute an offer to sell or a solicitation of an offer to buy any securities [17] Group 7: Company Overview - Xometry operates an AI-powered marketplace that connects buyers with suppliers of manufacturing services, aiming to digitize the manufacturing industry [19]

Core Viewpoint - Xometry, Inc. plans to offer $225 million in Convertible Senior Notes due 2030, with an option for an additional $25 million, to qualified institutional buyers, aiming to enhance its financial flexibility and support various corporate activities [1][3]. Group 1: Offering Details - The offering consists of $225 million in Convertible Senior Notes, with a potential additional $25 million, aimed at qualified institutional buyers under Rule 144A [1]. - The Notes will be unsecured obligations of Xometry, accruing interest payable semiannually, with conversion options including cash, shares, or a combination [2]. - The interest rate and conversion terms will be determined at the time of pricing [2]. Group 2: Use of Proceeds - Xometry intends to use the net proceeds for capped call transactions, repurchasing up to $25 million of its Class A common stock, and repurchasing a portion of its outstanding 1.00% Convertible Senior Notes due 2027 [3][9]. - Additional proceeds from the offering may be allocated for working capital, strategic investments, or further repurchases of the 2027 notes, although no specific agreements are in place for acquisitions at this time [3]. Group 3: Capped Call Transactions - Xometry plans to enter capped call transactions to mitigate potential dilution from the conversion of the Notes, which will cover the shares underlying the Notes [4]. - These transactions are expected to reduce cash payments required upon conversion and are subject to customary adjustments [4]. Group 4: Market Impact - The initial purchasers may engage in derivative transactions or purchase shares of Xometry's Class A common stock, potentially influencing the market price of the stock and the Notes [5][6]. - Activities by hedged holders of the 2027 notes may also affect the market price of Xometry's Class A common stock, impacting the effective conversion price of the Notes [9].