ANTIOCH, Tenn., Oct. 01, 2025 (GLOBE NEWSWIRE) -- LKQ Corporation (Nasdaq: LKQ) today announced it has completed its previously announced agreement to sell its Self Service segment (“Pick Your Part”) to an affiliate of Pacific Avenue Capital Partners, LLC for an enterprise value of $410 million, subject to customary purchase price adjustments. Justin Jude, President and Chief Executive Officer, commented, “We are executing on our strategic priorities by simplifying our portfolio of businesses and continuing ...

ANTIOCH, Tenn., Sept. 25, 2025 (GLOBE NEWSWIRE) -- LKQ Corporation (Nasdaq: LKQ) will release its third quarter 2025 financial results on Thursday, October 30, 2025. Conference Call Details LKQ will host a conference call and webcast on October 30, 2025 at 8:00 a.m. Eastern Time (7:00 a.m. Central Time) with members of senior management to discuss the Company's results. To access the investor conference call, please dial (833) 470-1428. International access to the call may be obtained by dialing (404) 975-4 ...

Group 1 - Lumentum Holdings Inc. (NASDAQ:LITE) has recently experienced a surge in stock price after years of stagnation, prompting discussions on whether to hold or sell the stock [1] - The company produces optical and photonic products, including chips, components, and lasers, which are essential for cloud data centers, AI infrastructure, and various manufacturing sectors such as semiconductors, solar cells, and electric vehicle batteries [2] - Invesco Small Cap Value Fund highlighted that Lumentum reported better-than-expected revenue and earnings for its recent quarter, along with record orders for its data communications laser chips used in data center applications [2] Group 2 - Despite the positive outlook for Lumentum, some analysts believe that certain AI stocks present greater upside potential and carry less downside risk [2]

Company Overview - Dover Corporation (DOV) is valued at a market cap of $23.6 billion and operates as a diversified global manufacturer providing innovative equipment, components, consumable supplies, software, and digital solutions across multiple end markets [1] - The company serves various industries including industrial manufacturing, energy, retail fueling, food & beverage, healthcare, and digital printing [1][2] Market Position - DOV is classified as a "large-cap stock" due to its market cap exceeding $10 billion, highlighting its size, influence, and dominance in the specialty industrial machinery industry [2] - The company combines engineering expertise with a decentralized operating model, focusing on operational efficiency, technological innovation, and customer-centric solutions [2] Stock Performance - DOV has experienced a decline of 22.7% from its 52-week high of $222.31 reached on February 4, and shares have decreased by 2.6% over the past three months, underperforming the Industrial Select Sector SPDR Fund (XLI) which returned 6.8% in the same period [3] - Over the past 52 weeks, DOV shares have fallen by 7.1%, significantly lagging behind XLI's 16.6% increase [4] - Year-to-date, DOV shares are down 8.4%, while XLI has surged by 15.6% [4] - DOV has been trading below its 200-day moving average since early March and below its 50-day moving average since late July, indicating a bearish trend [4] Recent Financial Performance - In Q2, DOV's revenue improved by 5.2% year-over-year to $2 billion, and adjusted EPS increased by 16.2% to $2.44, surpassing consensus estimates by 2.1% [5] - The performance was supported by broad-based shipment growth in short-cycle components and strength in secular-growth-exposed end markets [5] - However, there was notable weakness in some reportable segments, particularly a year-over-year decline in revenue and earnings in the Engineered Products segment, which may have caused investor concern [5]

Corporate Governance Changes - LKQ Corporation announced the election of John Mendel as Chairman of the Board, effective immediately, following Guhan Subramanian's decision to step down as Chairman and retire from the Board on January 1, 2026 [1][2] - The transition process is supported by Mr. Subramanian, who will remain on the Board for the remainder of the year to ensure a seamless handover [1] Leadership Experience - John Mendel has been a Board member since August 2018 and has over 45 years of experience in the automotive and wholesale distribution industries, having held executive positions at American Honda, Ford, Lincoln, Mercury, and Mazda America [2][4] - His previous role was Executive Vice President of the Automotive Division at American Honda Motor Company from November 2004 until April 2017 [4] Strategic Focus - Mr. Mendel expressed excitement about his new role and emphasized a focus on simplifying the business portfolio, implementing a leaner operating model, investing in organic growth opportunities, and maintaining a balanced capital allocation policy [3] - The Board aims to work closely with Justin Jude to capture greater market share and enhance shareholder value [3] Acknowledgment of Contributions - Mr. Mendel and Justin Jude both acknowledged Guhan Subramanian's contributions and leadership during his tenure on the Board, highlighting the importance of fresh perspectives and diverse expertise for the company's sustained growth [3]

Financial Data and Key Metrics Changes - The company reported net sales of $375 million for Q2 2025, reflecting a 7.6% increase year-over-year [27] - Adjusted EBITDA margin improved to 13.1%, marking the highest level in nearly two years [6][30] - Gross margin decreased to 31.2% from 31.8% year-over-year, while adjusted gross margin was 31.3% compared to 31.9% in the prior year [27][28] Business Line Data and Key Metrics Changes - In the Powered Vehicles Group (PVG), net sales increased by $4.9 million to $123.5 million, driven by growth in the motorized two-wheel business [11] - The Aftermarket Applications Group (AAG) saw net sales rise 6.5% to $114.1 million, attributed to increased demand for aftermarket products [14] - The Specialty Sports Group (SSG) reported an 11% increase in net sales to $137.2 million, supported by strong bike business performance [18] Market Data and Key Metrics Changes - The company noted that the consumer discretionary environment is stabilizing, which is expected to support enhanced profitability [10] - Tariff impacts were highlighted, with an increase in expected tariff costs from $38 million to $50 million for the year, affecting various segments [33][49] Company Strategy and Development Direction - The company is focused on four key initiatives: footprint consolidation, portfolio optimization, working capital management, and a $25 million cost reduction program [7][9] - Emphasis on product innovation and R&D is seen as crucial for maintaining market share and driving long-term growth [6][10] - The company is strategically expanding into new OEMs and industries, particularly in the motorcycle and electric vehicle sectors [11][44] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate macro challenges and achieve growth through operational excellence and innovation [10][35] - The outlook for the second half of 2025 remains positive, with expectations for improved order books and product launches [25][32] - Management acknowledged ongoing tariff pressures but emphasized efforts to mitigate these impacts through various strategies [33][87] Other Important Information - The company is on track to reduce net leverage to below three times by year-end, with a focus on debt reduction [31] - Free cash flow generation is anticipated to be approximately $80 million for the full year [32] Q&A Session Summary Question: What is driving the raised sales guidance? - Management indicated that the entire enterprise is performing well, leading to increased confidence in the second half of the year [41][42] Question: How is the company addressing the higher tariff impact? - The increase in tariff impact is attributed to both the Marucci mix and products from Taiwan, with specific allocations provided for each segment [49] Question: Is there directional improvement in the powersports market? - Management noted that while stability is returning to the powersports market, interest rate improvements are necessary for significant growth [50] Question: What is the outlook for the bike business? - The bike business is expected to grow, with a focus on stabilizing inventory levels and preparing for new product launches [63][67] Question: What are the growth vectors for Marucci? - Management highlighted global growth, diversification in product lines, and expansion into softball as key growth areas for Marucci [78][81]

Company Overview - Ultra Clean Holdings, Inc. is a leading developer and supplier of critical subsystems, components, parts, and ultra-high purity cleaning and analytical services primarily for the semiconductor industry [3] - The company offers integrated outsourced solutions for major subassemblies, improved design-to-delivery cycle times, design for manufacturability, prototyping, and high-precision manufacturing under its Products division [3] - UCT's Services Division provides tool chamber parts cleaning and coating, as well as micro-contamination analytical services [3] Leadership Appointment - Chris Cook has been appointed as Chief Business Officer of Ultra Clean Holdings, effective immediately [1] - Previously, Chris served as President of UCT's Products Division, where he successfully grew the product portfolio, expanded vertical content, and enhanced customer relationships [2] - In his new role, Chris will lead UCT's commercial strategy, focusing on strategic partnerships, identifying new market opportunities, and accelerating growth through an optimized portfolio of innovative products and services [2] Chris Cook's Background - Chris Cook has 28 years of leadership and general management experience in semiconductor and electronic systems companies, including Renesas Technologies, Infineon Technologies, Flex, and Cypress Semiconductor [2] - He specializes in driving profitable growth by developing valuable technologies and optimizing global operations [2] - Cook holds a B.S. in Electrical Engineering and Technology from Purdue University and completed the Program for Leadership Development at Harvard Business School [2]

Company Overview - Unusual Machines (UMAC) has transitioned from China-based manufacturing to becoming a U.S. manufacturer compliant with the National Defense Authorization Act (NDAA), allowing it to sell to U.S. government agencies and military [1] - The company is a leading provider of advanced drone technology, components, and accessories, positioning itself favorably in a market heavily reliant on China [1] Market Outlook - The U.S. drone market is projected to grow from approximately $11 billion in 2025 at a steady double-digit CAGR, potentially leading to a nearly 200% increase in market size over the next decade [2] - The commercial drone market is expected to be driven by sectors such as media, agriculture, inspection, and delivery, which aligns with Unusual Machines' focus [3] Financial Projections - Analysts predict that Unusual Machines' revenue will grow by at least 100% in 2026, maintaining a nearly triple-digit growth rate in subsequent years [4] - The company is expected to achieve profitability by the end of the decade [4] Stock Performance and Analyst Sentiment - The current stock price is $10.52, with a 12-month price forecast of $19.00, indicating an upside potential of 80.68% [6] - Despite a low institutional ownership of less than 5%, analysts unanimously rate the stock as a Buy, with two bullish ratings [5][6] Challenges and Risks - Short-selling poses a challenge, with short-interest increasing to a record high of 15% by early August [7] - The company raised nearly $50 million by selling five million shares in July, which may dilute shareholder value but also strengthens its cash position [8][9] Earnings Expectations - The forecast for Q2 indicates a significant year-over-year gain, with expectations that results may exceed forecasts due to strong demand trends [11]

Company Overview - Ultra Clean Holdings, Inc. is a leading developer and supplier of critical subsystems, components, parts, and ultra-high purity cleaning and analytical services primarily for the semiconductor industry [2] - The company offers an integrated outsourced solution for major subassemblies, improved design-to-delivery cycle times, design for manufacturability, prototyping, and high-precision manufacturing under its Products division [2] - Under its Services Division, Ultra Clean provides tool chamber parts cleaning and coating, as well as micro-contamination analytical services [2] - The company is headquartered in Hayward, California [2] Upcoming Events - Ultra Clean Holdings will participate in two upcoming virtual investor conferences: - August 13, 2025: Oppenheimer Annual Virtual 1X1 Technology Conference - August 20, 2025: Needham 6th Annual Virtual Semiconductor & SemiCap 1x1 Conference [1] - The company will host one-on-one meetings only during these conferences [1]

Core Viewpoint - Ultra Clean Holdings, Inc. reported its financial results for Q2 2025, highlighting a stable revenue outlook despite a challenging environment, with ongoing efforts to reduce operating expenses and a focus on outperforming the semiconductor industry growth [2][3]. Financial Performance - Total revenue for Q2 2025 was $518.8 million, with products contributing $454.9 million and services adding $63.9 million. This represents a slight increase from $518.6 million in the previous quarter [3]. - The gross margin was 15.3%, down from 16.2% in the prior quarter, while the operating margin was (27.3)%, compared to 2.5% previously. The net loss was $(162.0) million or $(3.58) per diluted share, a significant decline from a net loss of $(5.0) million or $(0.11) per diluted share in the prior quarter [3]. - On a non-GAAP basis, the gross margin was 16.3%, operating margin was 5.5%, and net income was $12.1 million or $0.27 per diluted share, compared to a gross margin of 16.7%, operating margin of 5.2%, and net income of $12.7 million or $0.28 per diluted share in the previous quarter [4]. Outlook - For Q3 2025, the company expects revenue to be in the range of $480 million to $530 million. The GAAP diluted net loss per share is anticipated to be between $(0.09) and $(0.29), while the non-GAAP diluted net income per share is projected to be between $0.14 and $0.34 [5]. Company Overview - Ultra Clean Holdings, Inc. specializes in developing and supplying critical subsystems, components, and ultra-high purity cleaning and analytical services primarily for the semiconductor industry. The company offers integrated outsourced solutions for major subassemblies and high-precision manufacturing [7].