General Catalyst , a venture capital firm that has recently transformed into a broader financial services company, is in talks with investors to raise about $10 billion in new funding, according to people familiar with the matter. The discussions are early and the fundraising targets could change, said the people, who asked not to be identified discussing private information. The money would be sp...
General Catalyst , a venture capital firm that has recently transformed into a broader financial services company, is in talks with investors to raise about $10 billion in new funding, according to people familiar with the matter. The discussions are early and the fundraising targets could change, said the people, who asked not to be identified discussing private information. The money would be spread across several vehicles, including the company’s growth and early-stage venture funds, one of the people said. A representative for General Catalyst didn’t respond to requests for comment. Best known for its bets on Silicon Valley startups like Airbnb Inc. and Stripe , General Catalyst has expanded into other areas of finance in recent years, and has put a focus on bringing artificial intelligence to more traditional industries. For example, it recently bought a health system in Ohio. The company has expanded its investments into other money managers, sometimes investing several million into certain funds, the people said. General Catalyst has also acquired firms outright, including La Famiglia in Europe. Read More: The Princess President of a Major VC Firm Wants a European AI Renaissance As of last summer, General Catalyst had more than $40 billion in assets under management. The new funding would significantly increase that, putting it ahead of most venture firms in the US by size. In 2024, General Catalyst raised about $8 billion in capital, including $4.5 billion for venture capital investing and $3.5 billion for other types of bets. Expanding beyond the traditional VC model, General Catalyst has also incubated its own companies and has encouraged some startups to buy others, a strategy reminiscent of private equity. Led by investor Hemant Taneja , General Catalyst has recently backed companies in AI, defense, climate tech, health care and finance. Those include Anduril Industries Inc. and major AI player Anthropic PBC . Read More: General Catalyst, MGX in Talks to...
This article first appeared on GuruFocus. Nvidia (NASDAQ:NVDA) shares climbed about 2% Tuesday as the chipmaker unveiled a multi?year strategic partnership and moved toward new product launches. Under the agreement, Nvidia agreed to invest in AI startup Thinking Machines Lab and will supply at least one gigawatt of its next?generation Vera Rubin processors to support the company's AI model trainin...
This article first appeared on GuruFocus. Nvidia (NASDAQ:NVDA) shares climbed about 2% Tuesday as the chipmaker unveiled a multi?year strategic partnership and moved toward new product launches. Under the agreement, Nvidia agreed to invest in AI startup Thinking Machines Lab and will supply at least one gigawatt of its next?generation Vera Rubin processors to support the company's AI model training efforts. The deal also includes joint design work for training and serving systems based on Nvidia architectures, with deployment expected early next year. Thinking Machines Lab, founded by former OpenAI CTO Mira Murati, has rapidly scaled since its 2025 launch, securing about $2 billion in seed funding and reaching a double?digit billion valuation. The computing power from Nvidia is intended to help the startup compete with larger rivals in advanced AI systems development. Separately, Nvidia is preparing to unveil an open?source enterprise AI platform called NemoClaw ahead of its GTC 2026 conference. The software aims to expand Nvidia's presence beyond hardware by enabling reasoning and task execution functions for corporate applications. Investors and analysts are watching these moves as indicators of Nvidia's attempts to broaden its AI ecosystem beyond chip sales alone.
On Friday night, my boyfriend and I sat on the couch for a refreshing evening of doing nothing together. We tuned into a baseball game, he picked up my guitar, and I eagerly booted up “Pokémon Pokopia,” the 30-year-old franchise’s new cozy life simulator game, which is unlike anything we’ve seen from Pokémon before. I narrated my experience as I played, explaining the process of constructing habit...
On Friday night, my boyfriend and I sat on the couch for a refreshing evening of doing nothing together. We tuned into a baseball game, he picked up my guitar, and I eagerly booted up “Pokémon Pokopia,” the 30-year-old franchise’s new cozy life simulator game, which is unlike anything we’ve seen from Pokémon before. I narrated my experience as I played, explaining the process of constructing habitats to increase the comfort levels of my Pokémon friends, a primary objective of the game. “Onix is stuck in a cave, but I can’t break through the walls, so Squirtle suggested throwing a party to make it rain to soften the rocks,” I told my boyfriend as I played. “But Squirtle and I don’t know what ‘celebration’ means, so we have to ask Professor Tangrowth what it means to ‘party.’” I rejoiced when I finally made it rain and awakened Kyogre — but then Charmander, who calls me “bestie,” discovered that the rain makes the flame on its tail go out, so I had to build a little hut for shelter with the help of our pals Timburr and Hitmonchan. Suddenly, it was 11:30 p.m. I only looked up because the baseball game was about to end. To my horror, my boyfriend had fallen asleep on the couch beside me. I did not realize he was asleep. I was so engrossed in building habitats for my Pokémon pals that I didn’t notice that he had stopped responding to my commentary … since he was no longer awake. While he drifted in and out of a light couch snooze, I had never stopped relaying a detailed play-by-play of how I was restoring a seaside habitat for Magikarp. I was completely oblivious. I was, and am, embarrassed that this happened. For my own good, I have no choice but to believe that I committed this faux pas not because I am an inattentive partner, but because “Pokopia” is simply too good a game, and thus, it is not my fault that I paid more attention to the fictional Onix stuck in a cave than the actual human being beside me. (You should’ve seen how helpless that Onix looked! How long had ...
peshkov Mohamed A. El-Erian, the prominent economist and market commentator, cautioned Tuesday that the extreme turbulence gripping oil markets is unlikely to subside anytime soon, even as prices retreated sharply from recent highs. In a post on X, El-Erian described the trading session as “another super wild day” following U.S. President Donald Trump’s speech the previous evening, in addition to ...
peshkov Mohamed A. El-Erian, the prominent economist and market commentator, cautioned Tuesday that the extreme turbulence gripping oil markets is unlikely to subside anytime soon, even as prices retreated sharply from recent highs. In a post on X, El-Erian described the trading session as “another super wild day” following U.S. President Donald Trump’s speech the previous evening, in addition to an unconfirmed report of the U.S. military escorting a tanker through the Strait of Hormuz and a multi-country agreement on a possible coordinated release of strategic reserves. The scale of recent price swings has been remarkable. El-Erian noted that in just seven days, oil prices surged from around $70 a barrel to nearly $120 before falling back to $80. “I expect this turbulence to persist,” El-Erian wrote. He pointed to three factors driving his outlook: the ongoing conduct of the war, the growing misalignment of incentives between the three main countries involved—the United States, Israel and Iran—and the inherent complexities of energy supply chains. The warning comes as markets attempt to digest the implications of the Middle East conflict for global energy supplies. Brent crude ( CO1:COM ) has tumbled but remains significantly elevated compared to pre-conflict levels. For investors, El-Erian’s assessment suggests that positioning for continued uncertainty rather than betting on a quick return to stability may be the prudent approach in the weeks ahead. Oil ETFs: ( USO ), ( UCO ), ( DBO ), ( OILK ), and ( USL ). Brent futures (five-day view) (Seeking Alpha) More on Brent Futures, Crude Oil Futures, etc. Oil Prices: What If Iran Manages To Keep The Strait Of Hormuz Closed For Longer? WTI Forms A Tight Range After Trump's Comments - Oil Dynamics And Intraday Analysis Crude Oil: Too Late To Buy And Too Early To Short Despite oil's 10% slide, prediction markets are not convinced that the oil rally is over Markets force Trump's hand again as oil tumble validates strategy:...
Rocket Companies has been down in the dumps, but its shares could be due for a bounce following its latest string of acquisitions, according to Josh Brown. The fintech and homeownership services company is down roughly 20% since the beginning of the year, despite a broader real estate rally. But that doesn't mean there's more downside ahead, Ritholtz Wealth Management CEO and co-founder Josh Brown...
Rocket Companies has been down in the dumps, but its shares could be due for a bounce following its latest string of acquisitions, according to Josh Brown. The fintech and homeownership services company is down roughly 20% since the beginning of the year, despite a broader real estate rally. But that doesn't mean there's more downside ahead, Ritholtz Wealth Management CEO and co-founder Josh Brown said Tuesday on CNBC's "Halftime Report." "This is a company that spent the mortgage nuclear winter making acquisitions," Brown said. "And now, with this combination of assets, I think the CEO is on the right track, and what he wants to build is the dominant mortgage-to-housing platform." Last October, Rocket completed the acquisition of Mr. Cooper , a large mortgage servicer, for more than $14 billion. Following the deal, Rocket services nearly 10 million homeowners. That adds to its purchase of real-estate brokerage platform Redfin , completed a few months earlier. Rocket seems to be poised for a bounce as the real estate industry rallies. The State Street Real Estate Select Sector SPDR ETF risen 7% in the year to date. Stocks in the sector, including Rocket, could also see more upside if the Federal Reserve cuts interest rates again, or Treasury yields pull back to where they were before the Iran war. Traders expect no move from the Federal Reserve at its policy meeting next week, according to fed funds futures trading data collected on the CME Group's FedWatch tool.
Over the past year, Intuitive Surgical (ISRG 1.33%) and DexCom (DXCM 1.21%) have faced headwinds, and have lagged the stock market as a result. Shares of the former are down 13% over the trailing-12-month period, while the latter is down 12%. Despite the obstacles they have faced, Intuitive Surgical and DexCom have excellent prospects that could allow them to outperform broader equities over the n...
Over the past year, Intuitive Surgical (ISRG 1.33%) and DexCom (DXCM 1.21%) have faced headwinds, and have lagged the stock market as a result. Shares of the former are down 13% over the trailing-12-month period, while the latter is down 12%. Despite the obstacles they have faced, Intuitive Surgical and DexCom have excellent prospects that could allow them to outperform broader equities over the next decade. 1. Intuitive Surgical Intuitive Surgical, the leader in the robotic-assisted surgery (RAS) market, encountered at least two obstacles in 2025. First, tariffs took a bite out of the company's financial results. Second, Medtronic, a medical device leader, earned clearance for a competing device in the U.S., the Hugo system, in urologic procedures. While the Hugo system won't seriously challenge Intuitive Surgical's crown jewel, the da Vinci system, for a few years, the prospect of more competition did the company no favors. Let's see how Intuitive Surgical can overcome both obstacles, starting with the second one, and still deliver competitive returns through 2036. Intuitive Surgical will benefit from an important secular trend: The world's aging population, which means a higher demand for many of the procedures it offers with its da Vinci system. By 2034, there will be more seniors aged 65 and older than people 18 and under in the U.S., according to projections (and it's already the case in 11 states). Expand NASDAQ : ISRG Intuitive Surgical Today's Change ( -1.33 %) $ -6.59 Current Price $ 486.97 Key Data Points Market Cap $175B Day's Range $ 484.56 - $ 496.00 52wk Range $ 425.00 - $ 603.88 Volume 97K Avg Vol 1.9M Gross Margin 65.98 % It's also worth noting Intuitive Surgical's wide moat, driven by switching costs (da Vinci systems are expensive), as well as its innovative qualities, which have enabled it to launch new iterations of its devices and secure label expansions. The result should be a larger market and increased procedure volume, leading to higher rev...
Poca Wander Stock/iStock via Getty Images As I covered about one year ago , while I saw Arthur J. Gallagher & Co. ( AJG ) as an interesting growth play in the insurance sector, its valuation was quite high, making me cautious about its shares at the time. However, despite the company having a good growth history and its operating performance being solid, its shares have performed much worse than I...
Poca Wander Stock/iStock via Getty Images As I covered about one year ago , while I saw Arthur J. Gallagher & Co. ( AJG ) as an interesting growth play in the insurance sector, its valuation was quite high, making me cautious about its shares at the time. However, despite the company having a good growth history and its operating performance being solid, its shares have performed much worse than I was expecting, having declined by around 33% since then and underperforming the overall stock market ( SPY ) by a wide margin during the same period. Article performance (Seeking Alpha) This weak performance is not just specific to AJG, as compared to some of its closest peers, including AON Plc ( AON ), Willis Towers Watson ( WTW ), or Marsh & McLennan Companies ( MRSH ). All these stocks have posted negative returns over the last year, as shown in the next graph. However, AJG had the worst performance across its peer group, which seems to be a warning sign about its fundamentals ahead. Stock returns (Seeking Alpha) Looking into its most recent financial performance, AJG continued to pursue its growth strategy in 2025 , being a mix of organic initiatives and acquisitions. The company completed 33 acquisitions during the year, including the large acquisition of AssuredPartners for some $13.8 billion, a relatively high-level given that it usually makes 25-35 acquisitions per year. This was a key factor for AJG to report growth in annual revenues of 21%, of which only 6% was organic (vs. 7% in 2024) and was at the bottom of its guidance range of 6-8%. This shows that most revenue growth was driven by acquisitions, while organic growth was softer than expected during last year. For the full year, AJG reported annual revenues of more than $13.7 billion, with 88% being generated in the insurance brokerage segment and the rest in the risk management unit. On top of strong revenue growth, the company was also able to achieve some margin expansion, as the costs and revenue synergi...
bombermoon/iStock via Getty Images SolarEdge Technologies ( SEDG ) +10.3% in Tuesday's trading as Bank of America upgraded shares to Neutral from Underperform with a $40 price target, raised from $17, saying revenue, margin trajectory, and liquidity have "stabilized enough to materially reduce downside risk," even as U.S. residential solar volumes likely will fall sharply in 2026. "Importantly, a ...
bombermoon/iStock via Getty Images SolarEdge Technologies ( SEDG ) +10.3% in Tuesday's trading as Bank of America upgraded shares to Neutral from Underperform with a $40 price target, raised from $17, saying revenue, margin trajectory, and liquidity have "stabilized enough to materially reduce downside risk," even as U.S. residential solar volumes likely will fall sharply in 2026. "Importantly, a market share rotation is underway, with SEDG regaining the #1 U.S. [residential] inverter share in 2Q-3Q '25 for the first time since 3Q '21, driven by a higher TPO mix, which is taking share as cash/loan volumes collapse and the rollout of single-SKU inverters that simplify dealer operations," BofA's Dimple Gosal wrote. SolarEdge's ( SEDG ) upside is limited by weak end markets, uncertain free cash flow durability, and European Union softness, which together cap visibility on sustained margin recovery, while downside also is more balanced as inventories have cleared, gross margin has normalized, and liquidity risk has eased, according to the analyst, who said the stock now trades at fair value. More on SolarEdge Technologies SolarEdge Technologies: Solid Quarter And Outlook Amid Difficult Market Conditions - Hold SolarEdge Is A Hold Until Margins Actually Come Back (Rating Downgrade) SolarEdge Technologies: Ready For A Brighter Future
Senate Democrats ramp up pressure campaign for public hearings on war with Iran toggle caption Anna Moneymaker/Getty Images/Getty Images North America Senate Democrats are demanding public hearings with testimony from top Trump administration officials as the White House offers mixed messaging on the war's central objectives and timeline. White House officials, including Secretary of State Marco R...
Senate Democrats ramp up pressure campaign for public hearings on war with Iran toggle caption Anna Moneymaker/Getty Images/Getty Images North America Senate Democrats are demanding public hearings with testimony from top Trump administration officials as the White House offers mixed messaging on the war's central objectives and timeline. White House officials, including Secretary of State Marco Rubio, have held a series of classified briefings with lawmakers since the U.S. and Israel attacked Iran on Feb. 28 . Following a closed-door briefing of the Senate Armed Services Committee on Tuesday morning, Democrats said the classified nature of these briefings hamstrings lawmakers from being transparent with their constituents about key components of the war. "Here we are well into the second week, and it is still the case that the Trump administration cannot explain the reasons that we entered this war, the goals we're trying to accomplish, and the methods for doing that," said Sen. Elizabeth Warren, D-Mass., upon leaving the briefing. Sponsor Message Administration officials have offered various – and sometimes conflicting – justifications for the war , referencing Iran's growing ballistic missile program, its naval fleet, its network of terror proxy groups across the Middle East, and its nuclear ambitions. Overall, Congressional Republicans have publicly supported the war. Senate Majority Leader John Thune, R-S.D., told reporters in the Capitol on Tuesday the war could be "generational in terms of its impact." "Not only for that region, but for the entire world, because they continued -- Iran -- to be the largest state sponsor of terrorism in the world. They are on the way to nuclear capability, and they're holding that entire region hostage and American interests as well," he said at a weekly press conference. "So I think this was an important mission to accomplish, and hopefully it'll be accomplished soon." House Speaker Mike Johnson, R-La., also defended the war w...
The stock market is full of bargains -- the question is which ones are true bargains and which ones are companies that are being sold off for a good reason. I think three that are down a bit from all-time highs yet look like solid investment picks are Nvidia (NVDA +1.13%), Microsoft (MSFT 1.15%), and The Trade Desk (TTD 3.19%). These three all have solid upside and look like great bargains to buy ...
The stock market is full of bargains -- the question is which ones are true bargains and which ones are companies that are being sold off for a good reason. I think three that are down a bit from all-time highs yet look like solid investment picks are Nvidia (NVDA +1.13%), Microsoft (MSFT 1.15%), and The Trade Desk (TTD 3.19%). These three all have solid upside and look like great bargains to buy now. Nvidia "Nvidia" and "bargain" are two words that aren't used in the same sentence all that often, but that's what I think the stock represents today. Nvidia makes graphics processing units (GPUs), which have become the most popular computing hardware for running and training AI models. Demand for these products isn't expected to slow down anytime soon, and with multiple projections estimating AI spending will occur through at least 2030, Nvidia still has plenty of room to run. Despite Nvidia already being the largest company in the world, it's growing at an unbelievable pace, and management expects revenue to increase by 77% during its fiscal first quarter currently underway. That's an astounding growth rate for its size, yet the stock isn't valued at that high a premium. Expand NASDAQ : NVDA Nvidia Today's Change ( 1.13 %) $ 2.07 Current Price $ 184.72 Key Data Points Market Cap $4.4T Day's Range $ 182.01 - $ 186.44 52wk Range $ 86.62 - $ 212.19 Volume 6.7M Avg Vol 177M Gross Margin 71.07 % Dividend Yield 0.02 % Nvidia's stock trades for 21.9 times forward earnings; that's the same price the S&P 500 trades at now. A company dominating its industry in a massive technological revolution growing at over a 70% pace has no business being valued at the same price tag as the broader market, which is why I think Nvidia is an incredible value here. Microsoft Microsoft may not be growing at the same pace as Nvidia, but it's still posting solid results, and its approach to AI is working out. In its last quarter, Microsoft's revenue rose 17% year over year, and its cloud computin...
Is This The Chart Pressuring Trump Toward An Iran Off-Ramp Brent crude futures tumbled from nearly $120/bbl early Monday morning to as low as $83/bbl by late Monday afternoon after President Trump said the Iran war could end soon. However, the contract had clawed back some losses and was trading around $91 to $95 Tuesday morning. Trump's assertion that Operation Epic Fury may end "very soon" only ...
Is This The Chart Pressuring Trump Toward An Iran Off-Ramp Brent crude futures tumbled from nearly $120/bbl early Monday morning to as low as $83/bbl by late Monday afternoon after President Trump said the Iran war could end soon. However, the contract had clawed back some losses and was trading around $91 to $95 Tuesday morning. Trump's assertion that Operation Epic Fury may end "very soon" only reinforces renewed Trump Always Chickens Out (TACO) expectations. His TACO-like comments came hours after G-7 leaders spent Monday morning jawboning Brent crude prices with headlines. 🚨 BREAKING: President Trump announces the strikes on Iran will end "soon" Q: This week? TRUMP: "No, but soon. I think soon. VERY soon. Look — everything they have is gone, including 2 levels of leadership!" 🔥 We're moving towards victory at RAPID pace. pic.twitter.com/fmmW6Capfj — Eric Daugherty (@EricLDaugh) March 9, 2026 We suspect Trump's "very soon" comment suggests the administration is searching for an exit strategy to the Iran conflict, given that the latest AAA data show the national average price for a gallon of regular gasoline has surged roughly 19% so far this month to $3.539 from $2.921, the largest monthly increase since May 2009. ...and is set to surge further in the next week or two (given the supply chain lags from crude to pump)... UBS analyst Torsten Sippel told clients: The recovery has been helped by easing crude prices, a lower VIX, and growing optimism around potential G-7 supply support or policy intervention. There are clear concerns about missing a rally that could follow even a modest geopolitical de-escalation, particularly given views that the oil market may already be pricing a worst-case scenario. Crude has reversed sharply, down nearly $20 intraday after briefly approaching $120 overnight. The pullback reflects G-7 supply headlines, reports of tanker traffic moving through the Strait of Hormuz, and renewed "TACO" anticipation following comments from President Tr...
hapabapa/iStock Editorial via Getty Images Introduction Moderna, Inc. ( MRNA ) has been in the doldrums ever since the COVID-19 pandemic ended, as it has suffered from the lack of tailwinds ever since. The pharma company has seen its revenue shrink every year since and has been losing billions of dollars as it tries to come up with new innovative vaccines. Though the stock has appreciated by nearl...
hapabapa/iStock Editorial via Getty Images Introduction Moderna, Inc. ( MRNA ) has been in the doldrums ever since the COVID-19 pandemic ended, as it has suffered from the lack of tailwinds ever since. The pharma company has seen its revenue shrink every year since and has been losing billions of dollars as it tries to come up with new innovative vaccines. Though the stock has appreciated by nearly 100% on a YTD basis on pipeline optimism, I believe that the market is a little too optimistic in this case. Current Dynamics I'll first start with the latest earnings , as it will help us grasp what has been the overall norm over the past quarters for the company. MRNA has been juggling between revenue collapse and aggressive cost-cutting as Q4 revenue came out to $678MM, a beat of over $54MM but still a near 30% Y/Y decrease, which is simply staggering. GAAP EPS came out to -$2.11, which was surprisingly a beat of 49 cents. Looking ahead, Moderna has reiterated plans to deliver up to 10% revenue growth and GAAP operating expense reductions in 2026, surprising me to say the least, considering what the trend has been over the past 3 years. Though on the 10% growth front, it is important to know that about 85% of that revenue is expected in H2 of the year. So the first two quarters of the year will certainly not be as rosy as the stock price is currently implying. Now the big setback came when the FDA refused to file Moderna’s flu vaccine application . This was set to be one of the key catalysts for the MRNA and has been the reason why the stock dropped to the $20s range in the first place. Without flu, Moderna’s near-term product portfolio is basically COVID and RSV in a market where demand for both is declining and seeing competition from established giants such as Pfizer ( PFE ) and BioNTech ( BNTX ). Moderna is resubmitting its application, but the timeline delay adds uncertainty that the market is not really grasping at this current juncture, in my opinion. The stock ...
This article first appeared on GuruFocus. Investors will have a busy evening ahead as several companies are set to release their earnings after Tuesday's closing bell, with results spanning technology, defense, and consumer focused businesses. One of the most closely watched reports will come from Oracle (NYSE:ORCL), as investors look for updates on enterprise software demand and the company's gro...
This article first appeared on GuruFocus. Investors will have a busy evening ahead as several companies are set to release their earnings after Tuesday's closing bell, with results spanning technology, defense, and consumer focused businesses. One of the most closely watched reports will come from Oracle (NYSE:ORCL), as investors look for updates on enterprise software demand and the company's growing push into cloud and AI related services. Defense focused drone maker AeroVironment (NASDAQ:AVAV) is also scheduled to report, and its results could offer a window into how demand for unmanned systems is shaping up amid rising global defense spending. A number of other well known names are also on the list. Digital entertainment platform JOYY (NASDAQ:JOYY), online deals marketplace Groupon (NASDAQ:GRPN), and precious metals royalty company Franco-Nevada (NYSE:FNV) will all release their quarterly results after the bell, giving investors fresh insight into trends across very different parts of the economy.
Dilok Klaisataporn/iStock via Getty Images Brookfield Asset Management ( BAM ) is in discussions to purchase World Freight Co. from its owners, EQT AB and PAI Partners. EQT and PAI are looking to sell World Freight for $1.2 billion to $1.3 billion, according to a Bloomberg report on Tuesday, which cited people familiar with the matter. Brookfield ( BAM ) is weighing an acquisition loan for the pos...
Dilok Klaisataporn/iStock via Getty Images Brookfield Asset Management ( BAM ) is in discussions to purchase World Freight Co. from its owners, EQT AB and PAI Partners. EQT and PAI are looking to sell World Freight for $1.2 billion to $1.3 billion, according to a Bloomberg report on Tuesday, which cited people familiar with the matter. Brookfield ( BAM ) is weighing an acquisition loan for the possible deal. Discussions are ongoing, and there's no guarantee any deal will take place, according to the report. Brookfield, EQT and PAI declined to comment to Bloomberg. More on Brookfield Asset Management Ltd. Brookfield Asset Management: Buy This Compounding Dividend Machine Now Brookfield Asset Management: Ramp Up Your Dividend Growth Brookfield Asset Management: A High-Quality Dividend Growth Machine Brookfield Asset Management launches $1 billion commercial paper program Brookfield outlines 15% dividend increase and targets record fundraising in 2026 while expanding AI infrastructure
Earnings Call Insights: Core Molding Technologies (CMT) Q4 2025 Management View David Duvall, President, CEO & Director, stated that the company has "implemented more robust operating systems, expanded margins, strengthened the balance sheet, created a deep and capable leadership team, and established a performance-driven culture." He confirmed his retirement at the end of May, with Eric Palomaki ...
Earnings Call Insights: Core Molding Technologies (CMT) Q4 2025 Management View David Duvall, President, CEO & Director, stated that the company has "implemented more robust operating systems, expanded margins, strengthened the balance sheet, created a deep and capable leadership team, and established a performance-driven culture." He confirmed his retirement at the end of May, with Eric Palomaki to succeed him as CEO, and will remain as an executive advisor through 2027. Eric Palomaki, Chief Operating Officer, highlighted that the "Invest For Growth initiative generated $63 million in business wins, successfully executing our must-win battle for 2025." He noted, "the majority of these new wins support our strategic diversification strategy, expanding beyond truck and powersports end markets and strengthening the resilience of our portfolio." Palomaki also pointed to early signs of recovery in powersports and the successful launch of new SMC compound sales, with $12 million in annual SMC revenue in Q4 and $21 million for the full year. He stated, "Once fully ramped, this capacity is expected to support up to approximately $20 million in annual SMC molded and assembled sleeper roof product revenue." Alex Panda, Executive VP, Secretary, Treasurer & CFO, reported that "fiscal 2025 revenues declined 9.5%, driven primarily by the continued weakness in the truck sector, which represented 44% of Core's product sales for the year." Panda added, "despite lower volumes and pressure on operating leverage, we delivered gross margins of 17.4%, reflecting solid margin stability." He confirmed $19 million of cash flow from operations for the year and highlighted the company's strong liquidity position of $88.1 million as of December 31. Outlook The company expects total sales for 2026 to be "flat to up approximately 5%, with tooling revenue again weighted more heavily toward the fourth quarter." Panda said, "the majority of the $63 million in new wins will impact results during th...