Third Quarter 2025 Earnings Call November 25, 2025 Safe Harbor and Non-GAAP Measures This Presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 as contained in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, concerning expectations, beliefs, plans, objectives, goals, strategies, future events or performance and underlying assumptions and other statements that are ...

Core Insights - Xerox Holdings Corporation reported $1.96 billion in revenue for Q3 2025, a year-over-year increase of 28.3%, but fell short of the Zacks Consensus Estimate of $2.05 billion by 4.5% [1] - The company achieved an EPS of $0.20, down from $0.25 a year ago, but exceeded the consensus EPS estimate of $0.04 by 400% [1] Revenue Performance - Geographic Revenue: Europe generated $511 million, below the average estimate of $633.04 million, with a year-over-year change of +16.1% [4] - Total Sales Revenue: Reported at $993 million, compared to the $1.1 billion average estimate, reflecting a year-over-year increase of +68.9% [4] - Equipment Sales: - Entry-level equipment sales reached $119 million, significantly above the estimated $53.39 million, marking a +124.5% year-over-year change [4] - Mid-range equipment sales were $222 million, slightly below the estimate of $221.86 million, with a -0.9% year-over-year change [4] - Overall equipment sales totaled $383 million, exceeding the average estimate of $333.12 million, with a +13% year-over-year change [4] - High-end equipment sales were $39 million, below the estimate of $52.54 million, reflecting a -31.6% year-over-year change [4] - Other equipment sales were $3 million, below the estimate of $5.33 million, with a -40% year-over-year change [4] - Post-sale revenue from supplies, paper, and other sales was $445 million, significantly above the estimated $260.73 million [4] - Services, maintenance, and rentals revenue was $968 million, slightly above the estimate of $958.06 million, with a +7.3% year-over-year change [4] Stock Performance - Xerox shares have returned -7.6% over the past month, contrasting with the Zacks S&P 500 composite's +4.4% change [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]

Core Insights - Zacks Premium provides various tools for investors to enhance their stock market strategies and confidence [1] - The Zacks Style Scores serve as complementary indicators to the Zacks Rank, helping investors select stocks with high potential for market outperformance [2] Zacks Style Scores Overview - Stocks are rated A, B, C, D, or F based on value, growth, and momentum characteristics, with higher scores indicating better chances of outperforming the market [3] - The Style Scores are categorized into four types: Value Score, Growth Score, Momentum Score, and VGM Score [3][4][5][6] Value Score - Focuses on identifying undervalued stocks using financial ratios such as P/E, PEG, Price/Sales, and Price/Cash Flow [3] Growth Score - Analyzes projected and historical earnings, sales, and cash flow to find stocks with sustainable growth potential [4] Momentum Score - Utilizes price trends and earnings estimate changes to identify optimal times for stock investment [5] VGM Score - Combines all three Style Scores to highlight stocks with attractive value, strong growth forecasts, and promising momentum [6] Zacks Rank Integration - The Zacks Rank leverages earnings estimate revisions to guide investors in building successful portfolios, with 1 (Strong Buy) stocks averaging a +23.81% annual return since 1988 [7] - Investors are encouraged to select stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B for maximum return potential [9] Stock Highlight: O'Reilly Automotive (ORLY) - O'Reilly Automotive is a leading retailer of automotive aftermarket parts and services in the U.S., founded in 1957 [11] - Currently rated 3 (Hold) on the Zacks Rank, ORLY has a VGM Score of B and a Growth Style Score of B, with a projected year-over-year earnings growth of 7.7% for the current fiscal year [12] - The Zacks Consensus Estimate for ORLY's earnings per share has increased to $2.95, with an average earnings surprise of +0.4% [12][13]

Core Insights - O'Reilly Automotive reported record revenue and earnings for Q3 2025, with a notable increase in comparable store sales and diluted earnings per share [1][2][3] Financial Performance - Q3 2025 sales increased by $341 million, or 8%, reaching $4.71 billion compared to $4.36 billion in Q3 2024 [2] - Gross profit for Q3 2025 rose 8% to $2.44 billion, representing 51.9% of sales, up from 51.6% in the same period last year [2] - Selling, general and administrative expenses (SG&A) increased 8% to $1.46 billion, accounting for 31.1% of sales, compared to 31.0% in Q3 2024 [2] - Operating income for Q3 2025 grew 9% to $976 million, or 20.7% of sales, compared to 20.5% in Q3 2024 [2] Net Income and Earnings Per Share - Net income for Q3 2025 increased by $60 million, or 9%, to $726 million, which is 15.4% of sales, compared to 15.2% in Q3 2024 [3] - Diluted earnings per share for Q3 2025 rose 12% to $0.85 on 853 million shares, compared to $0.76 on 875 million shares in Q3 2024 [3] Year-to-Date Performance - Year-to-date sales for the first nine months of 2025 increased by $755 million, or 6%, to $13.37 billion from $12.61 billion in the same period last year [4] - Gross profit for the first nine months of 2025 increased 7% to $6.89 billion, representing 51.5% of sales, compared to 51.2% in the same period last year [4] - SG&A for the first nine months of 2025 rose 8% to $4.26 billion, accounting for 31.8% of sales, compared to 31.2% in the same period last year [4] - Operating income for the first nine months of 2025 increased 5% to $2.63 billion, or 19.7% of sales, down from 19.9% in the same period last year [4] Comparable Store Sales - Comparable store sales for Q3 2025 increased by 5.6%, building on a 1.5% increase in the same period last year [6][7] - For the first nine months of 2025, comparable store sales rose 4.5%, following a 2.4% increase in the same period last year [8] Share Repurchase Program - In Q3 2025, the company repurchased 4.3 million shares at an average price of $98.08, totaling $420 million [9] - For the first nine months of 2025, the company repurchased 17.6 million shares at an average price of $90.95, totaling $1.60 billion [9] Updated Guidance - The company raised its full-year 2025 comparable store sales guidance to a range of 4.0% to 5.0% [4] - Total revenue for 2025 is projected to be between $17.6 billion and $17.8 billion [10] - Diluted earnings per share for 2025 is expected to be between $2.90 and $3.00 [10]

Core Viewpoint - O'Reilly Automotive, Inc. is set to release its third quarter 2025 financial results on October 22, 2025, with a subsequent conference call scheduled for October 23, 2025 [1][2]. Company Information - O'Reilly Automotive, Inc. is a leading specialty retailer in the automotive aftermarket industry, founded in 1957 by the O'Reilly family [3]. - The company operates 6,483 stores across 48 U.S. states, Puerto Rico, Mexico, and Canada as of June 30, 2025 [3]. Financial Results Announcement - The third quarter 2025 results will be available after 3:30 p.m. Central Time on October 22, 2025, on the company's website [2][4]. - A conference call to discuss the financial results will take place on October 23, 2025, at 10:00 a.m. Central Time [2][4].

Core Insights - DENTSPLY SIRONA Inc. (NASDAQ:XRAY) is recognized for its significant upside potential and is included in the list of the 15 Best Robotics Stocks to Buy under $20 [1] Strategic Roadmap - At the Morgan Stanley 23rd Annual Global Healthcare Conference, DENTSPLY SIRONA's leadership presented a refined strategy roadmap focusing on decision-making speed, resource allocation to R&D and sales, and increasing U.S. market penetration ahead of future product launches [2][3] - The company aims for above 19% fiscal 2025 margins and $300–400 million in annual cash flow, with a target of $3 EPS for 2026, while forecasting a 2%–4% decline in organic revenue for 2025 and an annual tariff impact of $80 million [3] Operational Improvements - Management acknowledged challenges in implementing ERP but emphasized enhancing customer satisfaction, expanding direct distribution channels, and considering bolt-on acquisitions to increase the total addressable market [4] Business Segments - DENTSPLY SIRONA operates through four segments: Connected Technology Solutions, Essential Dental Solutions, Orthodontic and Implant Solutions, and Wellspect Healthcare, providing cloud-enabled dental tools, supplies, and healthcare solutions globally [5]

Core Insights - Chewy, Inc. (NYSE:CHWY) reported a strong earnings quarter, but the stock was negatively impacted due to not meeting the "whisper number" that bullish hedge funds anticipated [1] - Despite higher Selling, General and Administrative (SG&A) expenses, the main issue was the expectations set by analysts and investors [1] Company Overview - Chewy, Inc. operates an online platform providing a variety of pet-related products, including food, treats, supplies, medications, and health products [2]

Core Viewpoint - O'Reilly Automotive (ORLY) is a leading specialty retailer in the automotive aftermarket parts sector, with a market valuation of $90.7 billion, and has shown strong technical momentum and consistent buy signals from Barchart indicators [1][5]. Group 1: Company Performance - O'Reilly Automotive has experienced a stock price increase of over 42% in the past year, indicating robust performance [5][6]. - The stock reached an all-time high of $107.11 on September 10, showcasing its strong market position [4]. - The company has a Weighted Alpha of +43.96, reflecting its strong price performance relative to the market [6]. Group 2: Technical Indicators - ORLY has a 100% "Buy" opinion from Barchart, supported by a consistent "Buy" signal from the Trend Seeker since July 9, during which the stock gained 15.49% [2][6]. - The stock is currently trading above its 20-, 50-, and 100-day moving averages, indicating positive momentum [6]. - The Relative Strength Index (RSI) stands at 68.66%, suggesting that the stock is in a strong upward trend [6]. Group 3: Market Position - O'Reilly Automotive is recognized as the dominant auto parts retailer across all market areas in the United States, serving both professional service providers and do-it-yourself customers [1]. - The company maintains robust fundamentals, characterized by steady revenue and earnings growth [5].

Core Insights - O'Reilly Automotive, Inc. reported record revenue and earnings for Q2 2025, with a significant increase in comparable store sales and net income [1][2][3] Financial Performance - Q2 2025 sales increased by $253 million, or 6%, to $4.53 billion compared to $4.27 billion in Q2 2024 [2] - Gross profit for Q2 2025 rose 7% to $2.33 billion, representing 51.4% of sales, up from 50.7% in the same period last year [2] - Selling, general and administrative expenses (SG&A) increased by 8% to $1.41 billion, accounting for 31.2% of sales [2] - Operating income for Q2 2025 increased by 6% to $914 million, maintaining 20.2% of sales [2] - Net income for Q2 2025 rose by $46 million, or 7%, to $669 million, which is 14.8% of sales [3] - Diluted earnings per share for Q2 2025 increased by 11% to $0.78 [3] Year-to-Date Results - For the first half of 2025, sales increased by $414 million, or 5%, to $8.66 billion compared to $8.25 billion in the same period last year [4] - Gross profit for the first six months of 2025 increased by 6% to $4.45 billion, representing 51.4% of sales [4] - SG&A for the first half of 2025 rose by 8% to $2.79 billion, accounting for 32.2% of sales [4] - Operating income for the first half of 2025 increased by 2% to $1.66 billion, which is 19.1% of sales [4] - Net income for the first six months of 2025 increased by $37 million, or 3%, to $1.21 billion [5] Comparable Store Sales - Comparable store sales for Q2 2025 grew by 4.1%, following a 2.3% increase in the same period last year [6][7] - For the first half of 2025, comparable store sales increased by 3.9%, compared to a 2.8% increase in the same period last year [7] Share Repurchase Program - In Q2 2025, the company repurchased 6.8 million shares at an average price of $90.71, totaling $617 million [8] - For the first half of 2025, the company repurchased 13.3 million shares at an average price of $88.65, totaling $1.18 billion [8] Updated Guidance - The company raised its full-year comparable store sales guidance to a range of 3% to 4.5% [4] - Total revenue guidance for 2025 is set between $17.5 billion and $17.8 billion [9] - Diluted earnings per share guidance for 2025 is projected to be between $2.85 and $2.95 [9]

Core Points - O'Reilly Automotive, Inc. will release its second quarter 2025 financial results on July 23, 2025, after 3:30 p.m. Central Time [1][2] - A conference call to discuss the financial results will take place on July 24, 2025, at 10:00 a.m. Central Time [2][4] - The company operates 6,416 stores across 48 U.S. states, Puerto Rico, Mexico, and Canada as of March 31, 2025 [3]