Core Insights - NOV Inc. is expected to report third-quarter 2025 results on October 27, with earnings estimated at 24 cents per share and revenues at $2.1 billion [1][9] Financial Performance - In the last reported quarter, NOV missed the consensus earnings estimate, reporting adjusted EPS of 29 cents against an expected 30 cents, while revenues were $2.2 billion, up 1.9% from the consensus [2] - Over the past four quarters, NOV has beaten the Zacks Consensus Estimate once and missed three times, resulting in an average negative surprise of 3.9% [3] Revenue and Expense Outlook - The Zacks Consensus Estimate predicts a 2.4% decline in third-quarter revenues compared to the previous year, with the Energy Products and Services segment expected to generate $983 million, down from $1,003 million [5][9] - Selling, general, and administrative expenses are projected to rise by approximately 12.4% year-over-year, reaching $309 million [5][9] - The cost of goods sold is anticipated to decrease to $1,679.7 million from $1,722 million in the prior year [6] Market Conditions - The company expects a slowdown in global drilling activity in the second half of 2025, with North American shale activity also projected to decline modestly [5] - NOV believes that conventional drilling in Saudi Arabia will not see a resurgence before 2026 [5] Earnings Prediction - The Zacks model does not predict an earnings beat for NOV this quarter, with an Earnings ESP of -7.29% [7][8]

Company Performance - Valmont Industries reported quarterly earnings of $4.88 per share, exceeding the Zacks Consensus Estimate of $4.72 per share, and showing an increase from $4.76 per share a year ago, representing an earnings surprise of +3.39% [1] - The company posted revenues of $1.05 billion for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 1.13%, and compared to year-ago revenues of $1.04 billion [2] - Over the last four quarters, Valmont has surpassed consensus EPS estimates four times and topped consensus revenue estimates three times [2] Stock Outlook - Valmont shares have increased by approximately 8.2% since the beginning of the year, outperforming the S&P 500's gain of 7.2% [3] - The current consensus EPS estimate for the coming quarter is $4.50 on revenues of $1.03 billion, and for the current fiscal year, it is $18.12 on revenues of $4.08 billion [7] - The estimate revisions trend for Valmont was favorable ahead of the earnings release, resulting in a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6] Industry Context - The Steel - Pipe and Tube industry, to which Valmont belongs, is currently in the top 40% of over 250 Zacks industries, suggesting a favorable outlook for stocks within this sector [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

Financial Data and Key Metrics Changes - Revenue increased by 7% sequentially to $712 million, with growth in each end market sector led by gas utilities [10][26] - Adjusted gross profit margins were strong at 21.5%, above the target of 21% [11][29] - Adjusted EBITDA was $36 million, or 5.1% of sales, an improvement over the previous quarter [12][30] - Operating cash flow from continuing operations was $21 million, reflecting strong working capital management [12][31] - Net income from continuing operations was $8 million, or $0.09 per diluted share, compared to a net loss in the previous quarter [30] Business Line Data and Key Metrics Changes - Gas utilities revenue was $273 million, an 8% increase driven by normalized buying patterns and increased capital budgets [27] - Diet sector revenue was $220 million, a 6% increase due to chemical project deliveries and mining activity [27] - PTI sector revenue was $219 million, an 8% increase driven by midstream customer projects [27] Market Data and Key Metrics Changes - U.S. revenue was $591 million, a 9% increase, with all end market sectors improving [28] - International revenue was $121 million, down 1% due to timing of project deliveries [28] Company Strategy and Development Direction - The company is optimistic about growth in the gas utilities sector, which is experiencing a resurgence with a 26% increase in backlog [9][14] - A $125 million share repurchase program has been initiated, reflecting confidence in financial strength [9][10] - The capital allocation strategy focuses on maintaining a healthy balance sheet, targeting a net debt leverage ratio of 1.5 times or lower, and investing in growth opportunities [10][38] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving strong sequential revenue improvement in the second quarter, supported by a growing backlog [9][24] - There are concerns about macroeconomic uncertainties impacting the second half of 2025, but no significant changes in customer behavior have been observed [25][32] - The gas utilities sector is expected to be resilient due to limited exposure to tariffs and low commodity prices [33][34] Other Important Information - The company is focused on navigating tariff impacts and supply chain challenges, with over 60% of U.S. product sales sourced domestically [16][17] - The company is targeting operating cash flow of at least $100 million for 2025, with capital expenditures expected to be elevated due to ERP implementation [36][38] Q&A Session Summary Question: How is inflation tracking in the business today? - The tariff situation is dynamic, with significant impacts on steel and aluminum products, particularly from China [44][45] Question: Did inventory step up in the first quarter? - The company strategically increased inventory in anticipation of tariffs and to prepare for the year [49][50] Question: What are the growth opportunities in gas utilities? - The gas utilities business has returned to growth, with opportunities to increase market share and wallet share through new services [52][54] Question: What is the outlook for the diet sector? - The diet sector backlog increased by 16%, primarily driven by refining and chemical projects [68][70] Question: What is the growth outlook for the PTI business internationally? - The company projects growth in the PTI space internationally, particularly in the North Sea and Europe [88] Question: How is the company positioned regarding upstream customers amid lower oil prices? - While lower oil prices may impact activity, the customer base is resilient, and no significant budget reductions are anticipated [77][78]

Financial Data and Key Metrics Changes - Revenue increased by 7% sequentially to $712 million, with growth in each end market sector led by gas utilities [11][27] - Adjusted gross profit margins were strong at 21.5%, above the target of 21% [12][30] - Adjusted EBITDA was $36 million, or 5.1% of sales, an improvement over the previous quarter [13][31] - Operating cash flow from continuing operations was $21 million, reflecting strong working capital management [13][32] - Net income from continuing operations was $8 million, or $0.09 per diluted share, compared to a net loss in the previous quarter [31] Business Line Data and Key Metrics Changes - Gas utilities revenue was $273 million, an 8% increase driven by normalized buying patterns and increased capital budgets [28] - Diet sector revenue was $220 million, a 6% increase due to chemical project deliveries and mining activity [28] - PTI sector revenue was $219 million, an 8% increase driven by midstream customer projects [28] Market Data and Key Metrics Changes - U.S. revenue was $591 million, a 9% increase, with all end market sectors improving [29] - International revenue was $121 million, down 1% due to timing of project deliveries [29] Company Strategy and Development Direction - The company is optimistic about growth in the gas utilities sector, which is experiencing a resurgence [10][15] - A $125 million share repurchase program has been initiated, reflecting confidence in financial strength [10][11] - The capital allocation strategy focuses on maintaining a healthy balance sheet, targeting a net debt leverage ratio of 1.5 times or lower [11][39] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving strong sequential revenue improvement in the second quarter, supported by a growing backlog [10][25] - The gas utilities sector is expected to be resilient amid macroeconomic uncertainties, with a 26% increase in backlog year-to-date [15][35] - Management acknowledged potential risks in the second half of 2025 due to tariffs and lower oil prices but maintained the annual guidance [26][33] Other Important Information - The company is focused on navigating tariff impacts and supply chain challenges, with over 60% of U.S. product sales sourced domestically [17][18] - The mining sector is expected to grow at a compound annual rate of approximately 10% over the next three to five years [24] Q&A Session Summary Question: How is inflation tracking in the business today? - Management noted that tariff impacts are primarily seen in steel products and emphasized efforts to mitigate costs for customers [46][47] Question: Did inventory step up in the first quarter? - Management confirmed a strategic increase in inventory to prepare for tariffs and the upcoming construction season [51][52] Question: Any updates on opportunities in gas utilities? - Management highlighted growth opportunities in gas utilities, including market share expansion and new services through the MTech Services joint venture [53][55] Question: What is the outlook for the diet sector? - Management indicated that the backlog increase is primarily in refining and chemical spaces, with growth driven by turnaround activities [71][72] Question: How is the international PTI business performing? - Management projected growth in the international PTI space, particularly in the North Sea and Europe, driven by project-related revenues [91][92]

Core Viewpoint - Mueller Water Products (MWA) is anticipated to report a year-over-year increase in earnings despite a decline in revenues for the quarter ending March 2025, with the actual results being crucial for its near-term stock price movement [1][2]. Earnings Expectations - The upcoming earnings report is expected to be released on May 5, with a consensus estimate of quarterly earnings at $0.32 per share, reflecting a year-over-year increase of 6.7%. Revenues are projected to be $348.05 million, down 1.5% from the previous year [3][4]. Estimate Revisions - Over the last 30 days, the consensus EPS estimate has been revised down by 1.39%, indicating a reassessment by analysts regarding the company's earnings prospects [4][10]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates a negative Earnings ESP of -2.11% for Mueller Water Products, suggesting that analysts have recently become more bearish on the company's earnings outlook [10][11]. Historical Performance - In the last reported quarter, Mueller Water Products exceeded the expected earnings of $0.19 per share by delivering $0.25, resulting in a surprise of 31.58%. Over the past four quarters, the company has beaten consensus EPS estimates three times [12][13]. Investment Considerations - Despite the potential for an earnings beat, the combination of a negative Earnings ESP and a Zacks Rank of 3 makes it challenging to predict a positive outcome for the upcoming earnings report [11][16].

Core Insights - Valmont Industries reported quarterly earnings of $4.32 per share, exceeding the Zacks Consensus Estimate of $4.24 per share, with an earnings surprise of 1.89% [1] - The company posted revenues of $969.31 million for the quarter, missing the Zacks Consensus Estimate by 0.64%, compared to $977.83 million in the same quarter last year [2] - Valmont has surpassed consensus EPS estimates in all four of the last quarters, while it has topped revenue estimates twice during the same period [2] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $4.72 on revenues of $1.04 billion, and for the current fiscal year, it is $18.01 on revenues of $4.09 billion [7] - The estimate revisions trend for Valmont is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Industry Context - The Steel - Pipe and Tube industry, to which Valmont belongs, is currently ranked in the bottom 24% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Valmont's stock performance [5]

As filed with the Securities and Exchange Commission on September 6, 2024 Registration No. 333-281831 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 1 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 GREENLANE HOLDINGS, INC. (Exact Name of Registrant as Specified in Its Charter) (State or Other Jurisdiction of Incorporation or Organization) Delaware 5099 83-0806637 (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identificati ...