InvestorRelations@gbrx.com www.gbrx.com NYSE: GBX 4Q25 Earnings Slides & Supplemental Information Forward Looking Statements This presentation and the accompanying oral presentation contain forward-looking statements, including statements that are not purely statements of historical fact. The Greenbrier Companies, Inc. (the "Company," "we," "us" or "our") uses words, and variations of words, such as "backlog," "believe," "capacity," "commit," "continue," "drive," "estimate," "expect," "focus," "future," "gr ...

Financial Performance - Q3 2025 - Organic Net Revenue grew by 3.4%[12, 14], driven by an 8.0 percentage points increase in price, but offset by a 4.6 percentage points decline in volume/mix[14] - Adjusted Gross Profit declined by 21.3%[14] - Adjusted EPS decreased by 24.2%[14] - Free Cash Flow reached $1.2 billion YTD[14, 38] Financial Performance - YTD 2025 - Organic Net Revenue increased by 4.0%[14, 22], with a 7.2 percentage points contribution from price and a 3.2 percentage points decrease from volume/mix[14] - Adjusted Gross Profit declined by 15.2%[31] - Adjusted EPS decreased by 18.8%[36] Segment Performance - Q3 2025 - Emerging Markets Organic Net Revenue grew by 7.1%[22], while Developed Markets saw a 1.2% increase[22] - Chocolate Organic Net Revenue increased by 8.2%[24], while Biscuits & Baked Snacks grew by 1.2%[24] - North America revenue growth was 3.4% with operating income growth of -4.6%[29] - Europe revenue growth was 5.3% with operating income growth of -4.0%[29] Outlook and Strategy - The company updated its FY 2025 outlook to 4%+ Organic Net Revenue growth and ~-15% EPS decline (cst fx)[12, 42] - The company expects on-algorithm EPS growth for 2026[12, 49] - The company projects Free Cash Flow of $3 billion+ for FY 2025[42]

2025 Investor Presentation Legal Disclaimer This presentation of CoStar Group, Inc. ("CoStar Group" or the "Company") contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about CoStar Group's plans, objectives, expectations, beliefs and intentions and other statements including words such as "hope," "anticipate," "may," "likely," "might," "believe," "expect," "observe," "consider," "think ...

Company Overview - Atomera Incorporated focuses on Mears Silicon Technology (MST®), a quantum-engineered material designed to enhance transistor performance in the semiconductor market[5,6] - The company operates with a high-leverage IP licensing business model and possesses a strong patent portfolio[6] - MST technology targets advanced nodes, DRAM, RF-SOI, and power applications[7] Financial Performance (Q3 2025) - Revenue for the three months ended September 30, 2025, was $11 thousand, compared to $22 thousand for the three months ended September 30, 2024[11] - Operating loss for the quarter was $(5,793) thousand, compared to $(4,800) thousand in the same period last year[11] - Net loss was $(5,573) thousand, or $(0.19) per share, compared to a net loss of $(4,595) thousand, or $(0.17) per share, in Q3 2024[11] - Adjusted EBITDA (Non-GAAP) was $(4,440) thousand, or $(0.14) per share[11] - Cash, equivalents, and short-term investments totaled $20,322 thousand as of September 30, 2025[11] Strategic Focus - The company aims to improve customer products through MST integration, benefiting both parties financially[12] - MST can be used in starting wafers for RFSOI, GaN, and Next Gen DRAM, offering easier integration and faster time to revenue[9] - MST also targets high-volume potential products like GAA Logic, DRAM, Power, and Flash memory, which involve longer integration but offer higher revenue potential[9]

INVESTOR PRESENTATION October 28, 2025 SAFE HARBOR STATEMENT / NON-GAAP INFORMATION Non-GAAP Financial Measures In addition to the results provided in accordance with the Generally Accepted Accounting Principles ("GAAP") in this presentation, the Company is providing non-GAAP measurements which present free cash flow, adjusted net income, adjusted diluted net income per common share, adjusted net income margin and adjusted earnings before interest, tax, depreciation and amortization ("EBITDA"). The non-GAAP ...

Third Quarter 2025 Business Review October 28, 2025 1 © 2025 | AURORA PROPRIETARY Cautionary statement regarding forward-looking statements This presentation contains certain forward-looking statements within the meaning of the federal securities laws. All statements contained in this presentation that do not relate to matters of historical fact should be considered forward-looking statements, including but not limited to, those statements around our ability to achieve certain milestones around, and realize ...

Financial Performance & Outlook - Clearwater reported Net Sales from continuing operations of $399 million in Q3 2025, a 3% increase compared to Q3 2024 and a 6% increase compared to Q2 2025[10] - The company experienced a Net Loss from continuing operations of $54 million in Q3 2025, which includes a non-cash goodwill impairment of $45 million[10, 11] - Adjusted EBITDA from continuing operations was $178 million with a margin of 4%, towards the higher end of the guidance range[10, 11] - Q4 2025 Adjusted EBITDA is projected to be between $13 million and $23 million, influenced by seasonality and a major maintenance outage at the Augusta, GA mill costing approximately $16 million[15] - For FY 2026, revenue is projected to be $145 billion to $155 billion, with a capacity utilization rate in the mid-80% range[15] Strategic Initiatives & Industry Trends - The company is targeting Adjusted EBITDA margins of 13% to 14% across the paperboard industry cycle, aiming for a 40-50% Adjusted EBITDA to free cash flow conversion rate, or over $100 million per year[5] - Clearwater is focused on reducing its fixed cost structure by $30 million to $40 million in 2025, with current tracking suggesting savings of approximately $50 million[5] - The company is exploring options to expand its product offering, including post-consumer recycled content, compostable plates, lightweight folding carton, poly-free coatings/barriers, unbleached paperboard grade (CUK), and recycled paperboard grade (CRB)[7] - Industry trends indicate a modest shipment growth expected in 2025 and a demand growth of approximately 3% projected for 2026[8] - Bleached paperboard net exports are expected to improve in 2025, with imports forecasted to decrease by approximately 4% and exports forecasted to decrease by approximately 2% compared to 2024[8]

Financial Performance - Revenue for Q3'25 reached $519 million, a 57.1% increase compared to $330.4 million in Q3'24 [7] - Non-GAAP Gross Margin for Q3'25 was 30.4%, a 5.1 percentage point increase from 25.2% in Q3'24 [7] - Non-GAAP Operating Income for Q3'25 was $46.2 million, a $38.1 million increase from $8.1 million in Q3'24 [7] - Adjusted EBITDA for Q3'25 was $59.0 million, a $37.7 million increase from $21.3 million in Q3'24 [7] - Non-GAAP EPS for Q3'25 was $0.15, a $0.16 increase from ($0.01) in Q3'24 [7] Revenue and Margin Growth - The company's revenue has grown from $0.8 billion in 2020 to $1.5 billion in 2024 [9] - Non-GAAP Gross Margin has increased from 23% in 2020 to 29% in 2024 [9] Profitability and Cash Flow - Non-GAAP Operating Income has improved from $(7) million in 2020 to $108 million in 2024 [13] - Cash Flow from Operating Activities has increased from $(372) million in 2023 to $92 million in 2024 [13]

Fiscal Fourth Quarter 2025 Financial Results October 28, 2025 ©2025 Visa. All rights reserved. Fiscal Fourth Quarter 2025 Results | YoY increase / (decrease) except for Effective Income Tax Rate | Net Revenue | Operating Expenses | Effective Income Tax Rate | Diluted Class A Common Stock Earnings Per Share | | --- | --- | --- | --- | --- | | GAAP Nominal-Dollar Basis | 12% | 40% | 18.2% | (1%) | | Non-GAAP Nominal-Dollar Basis(1) | 12% | 13% | 18.8% | 10% | | Foreign Currency Impact(2) | (~0.5%) | (~1.0%) | ...

Q3 2025 EARNINGS INVESTOR PRESENTATION October 28, 2025 3Q25 Earnings Investor Presentation First Busey Corporation | Ticker: BUSE 2 Forward-Looking Statements This presentation may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to First Busey Corporation's ("Busey's") financial condition, results of operations, plans, objectives, future performance, and business. Forward-looking statements, which may be based upon beliefs, expect ...