Financial Performance - Q3 2025 - Net sales increased to $1483 million in 3Q25 from $1472.8 million in 3Q24 [11] - Adjusted EBITDA increased to $339.4 million in 3Q25 from $337 million in 3Q24, with a margin of 22.7% [11] - Adjusted diluted EPS increased to $2.51 in 3Q25 from $2.49 in 3Q24 [11] - Adjusted free cash flow increased to $174 million in 3Q25 from $125.5 million in 3Q24 [11] Segment Performance - Q3 2025 - Automation & Motion Control: Net sales increased slightly to $402 million, organic sales decreased by 1%, and adjusted EBITDA margin was 20.5% [24, 26] - Industrial Powertrain Solutions: Net sales increased by 2.8% to $662.3 million, organic sales increased by 1.6%, and adjusted EBITDA margin was 26.4% [28, 30] - Power and Efficiency Solutions: Net sales increased slightly to $432.7 million, organic sales increased by 0.8%, and adjusted EBITDA margin was 19% [32, 34] Updated 2025 Guidance - Sales are guided to approximately $5.96 billion [35] - Organic growth is expected to be low single digits [35] - Adjusted EBITDA margin is guided down to approximately 22% [35] - Adjusted EPS is guided to approximately $9.65 [35] - Free cash flow is now expected to be approximately $625 million [36] Tariff and Trade Policy Impacts - The unmitigated annual impact of tariffs is estimated to be approximately $175 million [37]

Financial Performance - Blue Owl's AUM reached $295.6 billion, a 26% increase since September 30, 2024[3, 27] - Fee-Related Earnings (FRE) for the last twelve months were $1420.2 million, up 19% from the prior year[33, 37] - Distributable Earnings (DE) for the last twelve months were $1241.7 million, a 15% increase compared to the previous year[27, 33, 37] - The company announced an annual dividend of $0.90 per Class A Share for 2025, a 25% increase from 2024[27] Platform Growth - Credit platform AUM increased by 18% to $152.1 billion since September 30, 2024[20, 47] - Real Assets platform AUM significantly grew by 69% to $74.7 billion since September 30, 2024, driven by the IPI Acquisition and capital raised[20, 51] - GP Strategic Capital platform AUM increased by 11% to $68.8 billion since September 30, 2024[20, 55] Fundraising Activities - New capital commitments raised in the quarter totaled $14.4 billion, including $11.2 billion in new equity capital[27, 43] - Total equity fundraise for the quarter was $11.2 billion, with $5.6 billion in Credit, $3.0 billion in Real Assets, and $2.7 billion in GP Strategic Capital[43]

Financial Performance - The company reported Adjusted EBITDA of $1320 million in the third quarter[10] - Total Segment Margin was $146576 thousand in the third quarter[13, 21] - Available Cash Before Reserves was $35482 thousand in Q3 2025, with a Common Unit Distribution Coverage Ratio of 176x[17, 23] - The company exited the third quarter with a leverage ratio of 541x, aiming to improve the balance sheet and maintain the ratio near 40x[10] Operational Highlights - Shenandoah achieved first oil in late July and ramped up to a targeted rate of 100 kbd in early October[15] - Salamanca achieved first oil at the end of September, expecting production from the first 3 wells to approach 40 kbd, with a fourth well planned for 2Q 2026 potentially reaching 50 kbd[15] - Marine Transportation segment experienced challenging conditions in July and August but rebounded in September and October[15] Liquidity and Capital Allocation - The company has a credit facility with $800 million in commitments[8] - The current quarterly distribution remains $0165 per common unit[8] - To date, the company has repurchased $325 million of Class A convertible preferred securities and 114900 common units at an average price of $909 per unit[10]

Financial Performance Highlights - Net sales reached $1061.2 million, an increase of 7.9% year-over-year[8, 16] - Organic sales grew by 6%[8] - Adjusted EPS increased by 15% to $2.47[9, 16] - Cash flow from operations increased by 19% to $237 million, with a 149% cash conversion rate[8] - Returns to shareholders totaled $94 million, including $42 million in dividends and $53 million in share repurchases[11] Margin and Profitability - Adjusted operating income margin increased slightly by 10 bps to 17.4%[8, 16] - Adjusted ROIC performance increased by 80 bps to 22.2%[8] - Gross profit margin increased by 90 bps to 36.7%[16] Segment Performance - Americas Welding segment net sales increased by 8.6% year-over-year to $691.8 million[18] - International Welding segment net sales increased by 1.6% year-over-year to $219.6 million, with adjusted EBIT margin increasing by 230 bps to 11.3%[21] - The Harris Products Group net sales increased by 14.8% year-over-year to $149.8 million, with adjusted EBIT margin increasing by 190 bps to 18.3%[24] Sales Mix and End Sector Performance - Overall sales growth was driven by price increases of 7.8%, partially offset by a volume decrease of 2.2%[17] - Consumables sales increased by low-teens percent, while equipment sales increased by mid-single-digit percent[14] - Automation sales decreased by low double-digit percent[14] Full Year 2025 Assumptions - The company anticipates low-single-digit organic sales growth[37] - Expects a neutral price/cost environment[37] - Projects adjusted operating income margin to be steady to up slightly[37]

Financial Performance - 2025 Q3 GAAP EPS 为 $0.88，持续经营 EPS 为 $1.24，而 2024 Q3 持续经营 EPS 为 $1.25[4] - 2025 年年初至今 GAAP EPS 为 $2.47，持续经营 EPS 为 $2.84，而 2024 年年初至今持续经营 EPS 为 $2.69[4] - 公司重申 2025 年持续经营 EPS 指导值为 $3.75 至 $3.85[4] - 启动 2026 年持续经营 EPS 指导值为 $4.04 至 $4.16[4] - 长期 EPS 增长目标更新为 6-8+%[4] Capital Investment and Growth - 更新了 600 亿美元的五年投资计划，提供约 11% 的年化费率基础增长[4] - 2026 年至 2030 年的总资本投资为 600 亿美元[5] - 2025 年至 2030 年的综合费率基础复合年增长率约为 11%[13] - 电力分配占 23%，电力生产占 39%，电力传输占 26%，天然气 LDC 占 6%，其他占 6%，总计 600 亿美元[8] Sales and Customer Data - 2025 年年初至今加权平均零售电力销售额增长 2.5%[39] - 2025 年第三季度同比增长电力客户增长 0.9%[41] - 预计 2025 年加权平均零售电力销售额增长约 3%[51] - 预计 2026 年加权平均零售电力销售额增长约 3%，天然气销售额增长约 1%[52] Strategic Initiatives - 计划投资约 50 亿美元用于野火缓解[6] - 签订了约 3 吉瓦的数据中心负载基础计划，到 2026 年[4] - 为 SPS 和 PSCo 中超过 6,000 兆瓦的增量资源发布了 RFP[4] - 正在进行的 EPS 增长为 6-8+%，股息收益率约为 3%，总股东回报率为 10+%[57, 59]

Financial Highlights - The Hanover Insurance Group reported a record third quarter net income per diluted share of $4.90[3] and an operating income per diluted share of $5.09[3] - The company achieved a net income return on equity of 21.5%[3,4] and an operating income return on equity of 21.1%[3,4] - The book value per share increased to $96.00, up 7.1% from June 30, 2025, and 21.2% from December 31, 2024[3] - Net investment income increased by 27.5% to $117.0 million, driven by higher earned yields and cashflows[3,9] Underwriting Performance - The combined ratio was 91.1%, with a combined ratio excluding catastrophes of 88.1%[3] - Catastrophe losses amounted to $46.2 million, representing 3.0 points of the combined ratio[3] - The loss and loss adjustment expense (LAE) ratio was 59.8%, a decrease of 4.7 points compared to the prior-year quarter[3] - Net premiums written increased by 4.5%[3,6] Segment Results - Core Commercial net premiums written grew by 3.5%[10,13] with renewal price increases of 9.9%[3,16] - Specialty net premiums written increased by 8.3%[17,22,25], with renewal price increases of 8.3%[3,25] - Personal Lines net premiums written increased by 3.6%[26,31], with renewal price increases of 10.5%[3,32]

Financial Performance (Q3 2025) - Total Revenues reached $2,292 million, a 14% increase compared to the same quarter last year[8] - Aggregates Cash Gross Profit per Ton increased by 9% to $11.84[8] - Aggregates Gross Profit Margin improved by 250 bps to 34.2%[8] - Adjusted EBITDA increased by 27% to $735 million, with a margin of 32.1%, up 310 bps[8] Financial Performance (Year-to-Date) - Total Revenues reached $6,029 million, an 8% increase[8] - Aggregates Cash Gross Profit per Ton increased by 12% to $11.52[8] - Aggregates Gross Profit Margin improved by 230 bps to 32.0%[8] - Adjusted EBITDA increased by 20% to $1,806 million, with a margin of 30.0%, up 290 bps[8] - Net cash provided by operating activities was $1,710 million[10] Capital Allocation - Capital deployed for strategic acquisitions amounted to $2,068 million[10] - Investments in maintenance and growth projects, including greenfields, totaled $655 million[10] - $294 million was returned to shareholders through dividends and share repurchases[10] Market Trends - Public construction contract awards in Vulcan markets increased by 17% as of September 30, 2025, compared to a 5% increase in other markets[12] - Private nonresidential construction in Vulcan markets increased by 7% as of September 30, 2025[13] Outlook - The company anticipates Adjusted EBITDA between $2.35 billion and $2.45 billion for 2025[16]

Third-Quarter 2025 Results 1 2 3 4 Maximize Value As Continue With Strong business operating system and performance culture Uplifting culture – integrity, ingenuity, community & engagement Powerful cash flow Win Through Sustainable Innovation Grow Margins and Cash Via Execution Excellence Focused Climate Co. Dynamic Capital Allocation Strong Foundation 3 This presentation includes "forward-looking" statements within the meaning of securities laws, which are statements that are not historical facts, includin ...

Financial Performance Highlights - Net sales reached $555 million, a 17% increase, with organic growth contributing $51 million or 11%[6] - Adjusted EBITDA increased by 25% to $116.2 million, resulting in an adjusted EBITDA margin of 20.9% compared to 19.6%[6] - GAAP diluted EPS rose by 28% to $1.11, while adjusted EPS increased by 30% to $1.14[6] - Orders increased by 10% to $467 million, leading to a backlog of $992 million[6] Segment Performance - Environmental Solutions Group (ESG) net sales increased by 17% with adjusted EBITDA up by 20%[8, 18] - ESG aftermarket revenues increased 14% year-over-year, representing 26% of ESG net sales in Q3[18] - Safety and Security Systems Group (SSG) net sales increased by 18% with adjusted EBITDA up by 29%[8, 18] - SSG order intake increased 31% year-over-year to $96 million[19] Strategic Initiatives and Outlook - The company is raising its full-year net sales outlook to a new range of $2.10 billion to $2.14 billion, representing a year-over-year growth of 13% - 15%[24, 25] - The company is raising its full-year adjusted EPS outlook to a new range of $4.09 to $4.17, representing ~24% year-over-year growth at the midpoint[24, 27] - The company anticipates capital expenditures of $40 million to $50 million in 2025[14, 27]

SUPPLEMENTAL INFORMATION UNAUDITED THIRD QUARTER 2025 Forward-Looking Statements This supplemental information package contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. STAG Industrial, Inc. (STAG) intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of ...