多年来，迈凯伦是超豪华品牌中对 SUV 最坚定的「拒绝者」。 其前 CEO Mike Flewitt 曾多次强调，「SUV 不符合迈凯伦的 DNA」。在迈凯伦的自我叙事中，轻量化、中置引擎与驾驶纯粹性，长期被视为其最重要的 工程原则，而 SUV 的高重心、大尺寸与重车身，似乎天然与之相悖。 然而，这一立场正在悄然瓦解。 据海外知名汽车媒体 motor1 报道，迈凯伦上个月向其经销商展示了一款采用混合动力的五座 SUV 车型，内部代号「P47」。 尽管迈凯伦官方尚未正式确认，但种种迹象表明：这台车已进入工程验证后期，预计将于 2028 年亮相。 曾经的「绝不」，如今变成了「即将」 迈凯伦对 SUV 的抗拒曾有其底气——这份底气，源于它从诞生之初就与赛道深度绑定的血统，以及对工程极致近乎偏执的追求。 1963 年，布鲁斯·迈凯伦（Bruce McLaren）创立车队时，关注的目标就是如何打造真正为胜利而生的竞赛机器，无论是在 F1、耐力赛还是印第体系中， 对极限性能的追逐始终居于迈凯伦体系的核心位置。 2009 年，迈凯伦发布 MP4-12C 正式重返民用跑车市场。这辆车并未沿用传统超跑依赖大排量自然吸气或奢华内 ...

Financial Data and Key Metrics Changes - The company reported an 8% revenue growth for the quarter, with adjusted earnings per share increasing by 38% year over year [4][16] - Operating margin expanded by 450 basis points, driven by higher revenue and cost efficiencies [4][19] - Gross margin was 62.2%, a decline of 70 basis points year over year due to tariff impacts [18] Business Line Data and Key Metrics Changes - Healthcare revenue reached $371 million, representing an 8% growth [16] - Consumables grew by 1% this quarter, compared to a 20% growth in the same quarter last year [16] - Capital equipment and other revenues grew by 67% this quarter, rebounding from a 33% decline last year [16] Market Data and Key Metrics Changes - Incremental value of new contracts secured in the third quarter was $124 million, marking a 48% year-over-year increase [17] - Unrecognized contract revenue expected to be realized within the next 12 months was $507 million, a 17% year-over-year increase [17] Company Strategy and Development Direction - The company is focusing on three waves of growth: elevating commercial excellence, accelerating intelligent monitoring, and innovating wearables [9][10] - A strategic partnership with Philips was expanded, aiming to increase market share within Philips' installed base [5][32] - The company is investing in AI and machine learning to enhance its monitoring technologies and develop next-gen wearables [10][11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the technology's performance, particularly in critical care settings [9] - The company anticipates a strong finish for the year, driven by continued demand and new customer installations [15] - Adjusted EPS guidance was raised, reflecting strong operational improvements and share repurchases [20][22] Other Important Information - The sale of Sound United's assets was completed, with net proceeds of $328 million used for debt repayment and share repurchases [19] - The company plans to provide more details on its product pipeline and long-term financial outlook at the upcoming Investor Day on December 3rd [69] Q&A Session Summary Question: What can be expected for the rest of the year and potential for further outperformance? - Management highlighted strong contracting performance and expected a strong finish in Q4, which would drive consumable growth [25] Question: How does the share buyback impact profitability? - The increase in EPS guidance was partly due to share buybacks and operational improvements, contributing to margin expansion [27] Question: What is the status of enhancing commercial excellence? - The company is focusing on enhancing resources for specialty categories and expects to see momentum pick up into next year [29] Question: Can you provide details on share gains with Philips? - The company noted that it still has a low market share within Philips' installed base and sees significant growth opportunities [32] Question: What is the outlook for consumables growth? - Management indicated that unusual year-over-year comparisons affected consumables growth, but they expect normalization and acceleration in Q4 [40][41] Question: What is the impact of the distributor model shift? - The shift to a distributor model in some international markets is expected to create a $6 million revenue headwind but is seen as a long-term growth strategy [42][44] Question: What is the broader capital allocation framework post-Sound United sale? - The company plans to focus on share repurchases and tuck-in technologies to augment its portfolio [63]