Earnings Call Insights: Terex Corporation (TEX) Q4 2025 Management View Simon Meester, President and CEO, highlighted the completion of the merger with REV Group as a "defining milestone in Terex's transformation," emphasizing the creation of a leading specialty equipment manufacturer with premium brands and clear synergies. Meester stated, "REV generated approximately $2.5 billion of revenue and ...
Earnings Call Insights: Terex Corporation (TEX) Q4 2025 Management View Simon Meester, President and CEO, highlighted the completion of the merger with REV Group as a "defining milestone in Terex's transformation," emphasizing the creation of a leading specialty equipment manufacturer with premium brands and clear synergies. Meester stated, "REV generated approximately $2.5 billion of revenue and $230 million of adjusted EBITDA in its recently completed fiscal year, with the majority coming from essential low cyclical end markets." Meester explained the integration approach: "REV's businesses are joining Terex as a stand-alone operating segment... Both Mike Virnig and Gary Gunter bring deep REV experience, assuring continuity while driving further improvements." Meester noted, "We expect to deliver roughly half of the $75 million run rate synergies within the next 12 months and the full amount by 2028." On the strategic review of the Aerials business, Meester said, "We have been receiving strong inbound interest from a number of interested parties. We're being deliberate in our evaluation of the interest and the best approach to maximize shareholder value." Jennifer Kong-Picarello, Senior VP & CFO, stated, "Our fourth quarter financial performance was largely in line with our expectations. Environmental Solutions continued to grow and deliver consistently strong margins. Materials Processing achieved its highest operating margin of the year, and Aerials sales grew year-over-year in the quarter following 4 quarters of decline." Kong-Picarello added, "Total net sales of $1.3 billion grew 6% year-over-year... Q4 operating margin was 9.3%, up 150 basis points versus the prior year due to improved performance in all 3 segments." Outlook The company expects 2026 sales to grow approximately 5% on a pro forma basis to $7.5 billion to $8.1 billion. Pro forma EBITDA is projected to grow by approximately $100 million, or 12% year-over-year, to between $930 million and $1 billi...
Earnings Call Insights: Parsons Corporation (PSN) Q4 2025 Management View Carey Smith, President, CEO & Chairwoman, reported "12% total revenue growth and 8% organic revenue growth, excluding our confidential contract," and highlighted "60 basis points" adjusted EBITDA margin expansion to a company record of 9.6%. Smith stated, "We delivered free cash flow conversion of 100% and exceeded the high ...
Earnings Call Insights: Parsons Corporation (PSN) Q4 2025 Management View Carey Smith, President, CEO & Chairwoman, reported "12% total revenue growth and 8% organic revenue growth, excluding our confidential contract," and highlighted "60 basis points" adjusted EBITDA margin expansion to a company record of 9.6%. Smith stated, "We delivered free cash flow conversion of 100% and exceeded the high end of our fiscal year 2025 cash flow guidance range," and mentioned three acquisitions and increased share repurchases while maintaining a strong balance sheet. Smith emphasized winning "strategic contracts," high win rates of 61%, and double-digit revenue growth in both critical infrastructure North America and Middle East business units. Parsons was named "#1 Program Management Firm in the world by Engineering News-Record" and received multiple other accolades for leadership and ethical standards. Smith noted, "We exceeded the high end of all of our Investor Day targets, total revenue, adjusted EBITDA and operating cash flow," with total revenue up 52% from 2023 through 2025, and adjusted EBITDA growth of 73% in the same period. Smith highlighted significant Q4 contract wins, including a "10-year $392 million single work contract by a federal customer" for advanced biometrics, a "5-year single-award classified contract valued at $200 million," a "5-year $125 million single-award repeat contract" for the Army, and a contract over $100 million for Nammo's rocket motor facility. She also announced a post-quarter "early $593 million contract extension" with the FAA and an intent-to-award for a sole-source contract up to $500 million. Smith described the acquisition of Applied Sciences Consulting and the post-quarter closing of Altamira Technologies Corporation. She stated, "Altamira advances high-priority national security mission supporting intelligence community and Department of War customers" and brings "AI/ML, signals and data analysis, cyber operations and deep softwar...
Mama's Boy? Sam Bankman-Fried, Represented By His Mother, Files For New Trial In FTX Implosion Case Sam Bankman-Fried has renewed his effort to overturn his FTX fraud conviction, filing a request for a new trial in federal court through a motion submitted by his mother in New York, according to Coindesk and Yahoo News . The former crypto exchange chief, now serving a 25-year prison sentence, argue...
Mama's Boy? Sam Bankman-Fried, Represented By His Mother, Files For New Trial In FTX Implosion Case Sam Bankman-Fried has renewed his effort to overturn his FTX fraud conviction, filing a request for a new trial in federal court through a motion submitted by his mother in New York, according to Coindesk and Yahoo News . The former crypto exchange chief, now serving a 25-year prison sentence, argues that recently uncovered evidence and missing testimony from earlier proceedings justify reopening his case. The filing points in part to the absence of former FTX executive Ryan Salame, who later faced his own criminal charges. Salame had previously said he believed his cooperation with prosecutors would protect his wife, Michelle Bond, who was later charged over alleged illegal campaign donations. The 35-page request was submitted as a “pro se” motion, meaning Bankman-Fried is currently acting as his own attorney. At the same time, he has launched a renewed public campaign on X, using posts to support his push for a retrial. In those messages, he portrays himself as a victim of politically driven “lawfare,” accusing prosecutors and judges of bias and retaliation against FTX executives. Independent reviews, however, have found that several of his claims conflict with court records. Among them, Bankman-Fried has suggested that both he and former President Donald Trump were placed under comparable gag orders. Court documents show the situations were different: Trump’s restrictions stemmed from separate cases, while Bankman-Fried’s order followed repeated violations of pretrial conditions. He has also revived his long-standing argument that FTX “was always solvent” and that customer funds were never stolen. That position was rejected at trial, where jurors concluded that client assets were misused and misrepresented. Federal courts have since ruled that later asset recoveries do not prove the company was solvent at the time of the misconduct. In another claim, Bankman-Fried ...
Key Points Cleveland, Ohio is ranked as one of the least expensive cities in the country. The cost of living in Cleveland comes in 17% lower than the national average. With a long list of activities to choose from, Cleveland is an easy place to make new friends. The $23,760 Social Security bonus most retirees completely overlook › If you're planning for retirement and are curious about the best pl...
Key Points Cleveland, Ohio is ranked as one of the least expensive cities in the country. The cost of living in Cleveland comes in 17% lower than the national average. With a long list of activities to choose from, Cleveland is an easy place to make new friends. The $23,760 Social Security bonus most retirees completely overlook › If you're planning for retirement and are curious about the best places in which to retire in the U.S., you may want to put Cleveland, Ohio on your list. If your only knowledge of Cleveland comes from watching The Drew Carey Show, it may be tough to imagine what a charming gem this city along Lake Erie is. In fact, Cleveland is so attractive for retirees that it's been included in the Motley Fool's "50 Best Places to Retire in the U.S. in 2026, Ranked by What Retirees Value Most." Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Cost of living Impressively, the cost of living in Cleveland is 17% lower than the U.S. average. Best Places gave it an overall affordability score of 83 out of 100. That's quite an accomplishment, considering Best Places factored in the total cost of housing, food, child care, transportation, healthcare, taxes, and other necessities. It also helps explain why Cleveland is a good place for relocating retirees to stretch their money a bit further. Things to do Cleveland is a city that's 100% alive, seven days a week. It's also a great place for a retiree to do as little or as much as they would like. Here's a very small sample of what Cleveland has to offer: The Rock and Roll Hall of Fame Neighborhood food tours Cuyahoga Valley National Park The West Side Market (a bustling indoor market rich with history) Cleveland Metroparks Zoo Playhouse Square Cleveland Museum of Natural History Boating and other water sports Volunteer opportunities (volunteeri...
Is this an opportunity for investors? Amazon (AMZN 1.17%) demonstrated strong growth in the 2025 fourth quarter, as reported last week. Sales increased 12% year over year, beating analyst estimates, although earnings per share (EPS) of $1.95 missed expectations of $1.97. However, the big talk after the report was management's announcement that it plans to spend $200 billion in capital expenditures...
Is this an opportunity for investors? Amazon (AMZN 1.17%) demonstrated strong growth in the 2025 fourth quarter, as reported last week. Sales increased 12% year over year, beating analyst estimates, although earnings per share (EPS) of $1.95 missed expectations of $1.97. However, the big talk after the report was management's announcement that it plans to spend $200 billion in capital expenditures in 2026. The market is starting to become wary of all of the artificial intelligence (AI) spending, impatient for results. But management is envisioning the long runway, and it's setting itself up for success. Here's what it said, and why these investments could seriously pay off down the line. Amazon's AI platform There was a lot of positive news about how Amazon's AI platform is growing. Amazon Web Services (AWS), which is the company's cloud business and the largest of its kind by far, is enjoying accelerating growth, with a 24% year-over-year sales increase in the fourth quarter. That was its highest growth in 13 quarters. That's more impressive than it looks, since 13 quarters ago it was building on $21 billion, while now it's building on $36 billion. That implies a huge amount of more business in dollar terms. Amazon is doing what Amazon does best, which is develop a product at a great price point to meet high demand. It already has a huge AI business with many exclusive products like its Bedrock platform, which developers can use to work with a large range of preset large-language models (LLM), and it offers the most powerful AI chips for its clients. But its clients are asking for well-priced AI training chips as ongoing training becomes expensive, and Amazon continues to roll out more powerful versions of its own Trainium chips, which it says are 30% to 40% more cost-effective than similar graphics processing units (GPU). Trainium2 has more than 100,000 users, and Trainium3, which is 40% more cost-effective than the previous model, was just launched. As of the ear...
Feb 11 (Reuters) - Meta said on Wednesday that it was breaking ground on a $10 billion data center in Indiana, as it races to secure the massive amounts of computing power needed to support its
Feb 11 (Reuters) - Meta said on Wednesday that it was breaking ground on a $10 billion data center in Indiana, as it races to secure the massive amounts of computing power needed to support its
The rally that has sent the Mexican peso to the highest in almost two years hit a bump on Wednesday as US President Donald Trump was said to be musing an exit from the North American trade pact. The currency erased gains early on Wednesday after people familiar said Trump has asked aides why he shouldn’t withdraw from the trade agreement with Mexico and Canada, which he signed during his first ter...
The rally that has sent the Mexican peso to the highest in almost two years hit a bump on Wednesday as US President Donald Trump was said to be musing an exit from the North American trade pact. The currency erased gains early on Wednesday after people familiar said Trump has asked aides why he shouldn’t withdraw from the trade agreement with Mexico and Canada, which he signed during his first term. He has stopped short of flatly signaling that he will do so, the people said, speaking on condition of anonymity to describe internal discussions. Read more: Trump Privately Weighs Quitting USMCA Trade Pact He Signed The move is the first sign of the volatility that may hit the currency once the deal comes up for renegotiation later this year. The peso has proved remarkably resilient to the trade tensions sweeping the world under Trump. The currency is the second-best performing in emerging markets since the so-called Liberation Day on April 2, when Trump unveiled a series of tariffs, lagging only the South African rand. That’s in part due to Sheinbaum’s skill at negotiating with her US counterpart. “If there is truth to that and it’s not just negotiating tactics, the Mexican peso could be restrained going forward,” said Brendan McKenna , an emerging market economist and currency strategist at Wells Fargo. “Quitting USMCA would be a big hit for the peso.” Even reassuring comments from Trump’s Mexican counterpart, Claudia Sheinbaum , that the trade deal is important to both the US and Mexico and that the US is unlikely to leave failed to fully reverse the move in the peso. It was trading little changed as of 1:00 p.m. in New York, lagging most Latin American peers. Read More: Investors Bet Sheinbaum Can Shield Mexican Peso From Trump The Mexican currency has also been boosted by increased appetite for emerging-market assets, with investors searching for yield and the dollar wavering under Trump’s back and forth on policy. USMCA talks, which are set to resume this summer, ...
US colleges received more than $5.2 billion in gifts and contracts from foreign sources in 2025, with more than half of those dollars going to just four schools: Carnegie Mellon University , Massachusetts Institute of Technology , Stanford University and Harvard University . The Education Department released the data Wednesday, touting a new website it says is aimed at bringing more transparency t...
US colleges received more than $5.2 billion in gifts and contracts from foreign sources in 2025, with more than half of those dollars going to just four schools: Carnegie Mellon University , Massachusetts Institute of Technology , Stanford University and Harvard University . The Education Department released the data Wednesday, touting a new website it says is aimed at bringing more transparency to foreign funding at US colleges as the Trump administration continues a broad-based campaign to reshape higher education. Education Secretary Linda McMahon said the disclosures offer visibility into possible national security concerns. “This transparency is essential not only to preserving the integrity of academic research but also to ensure the security and resilience of our nation,” McMahon said in a press release . Even in President Donald Trump ’s first term, the issue was a focus: His administration investigated colleges for potentially failing to report gifts. Much of that scrutiny was aimed at China, amid the race for technology dominance and concerns about safeguarding intellectual property. Read More: Harvard Leads US Colleges That Received $1 Billion From China The data for 2025 show that entities in Qatar were the largest foreign source of funds to US universities, with more than $1.1 billion reported. Other major sources of gifts and contracts to US universities include the United Kingdom, with more than $633 million; China, with more than $528 million; Switzerland, with more than $451 million; and Japan, with over $374 million. Qatar hosts branches of six US universities, including Carnegie Mellon, one of the top recipients of funding. Carnegie Mellon recently extended its Qatar contracts by a decade. MIT received about as much as Carnegie Mellon, with 2025 disclosures showing each school reported almost $1 billion. Other major recipients include Stanford, with more than $775 million, and Harvard, with over $324 million. None of those schools had an immediate...
This article first appeared on GuruFocus. Microsoft (NASDAQ:MSFT) shares edged up about 1% percent on early Wednesday after the software maker expanded its sovereign cloud partnership with French IT services group Capgemini (CGEMY). The companies plan to strengthen Microsoft's managed sovereign cloud offerings. A sovereign cloud keeps data within national or regional borders. It is designed for re...
This article first appeared on GuruFocus. Microsoft (NASDAQ:MSFT) shares edged up about 1% percent on early Wednesday after the software maker expanded its sovereign cloud partnership with French IT services group Capgemini (CGEMY). The companies plan to strengthen Microsoft's managed sovereign cloud offerings. A sovereign cloud keeps data within national or regional borders. It is designed for regulated sectors such as government, healthcare and financial services. Under the collaboration, Capgemini will help enhance architecture and governance features. The partners will integrate artificial intelligence tools to support compliance, risk controls and data protection in sensitive environments. They also aim to develop ready-made resilience frameworks to help clients respond to cyberattacks and geopolitical disruptions. The agreement builds on a partnership spanning more than 20 years. In 2024, Capgemini and Orange (ORANY) launched Bleu, a cloud platform for French public-sector and essential service operators using Microsoft technology. The move comes as major cloud providers expand sovereign cloud services in Europe amid rising data security and regulatory concerns. Amazon (NASDAQ:AMZN) recently introduced a sovereign cloud initiative in Germany, underscoring growing competition in the market.