Latest news with #ScottDavis
Yahoo
26-06-2025
- Business
- Yahoo
5 Insightful Analyst Questions From Fortive's Q1 Earnings Call
Fortive's first quarter results were met with a negative market reaction, as the company missed Wall Street's revenue expectations and faced a year-on-year sales decline. Management attributed the softness primarily to delayed customer investments in its Precision Technologies segment, citing increased political and macroeconomic uncertainty. CEO Jim Lico highlighted, "We saw customers in Precision Technologies delay investments in light of increased political and macroeconomic uncertainty, putting a halt to the momentum we had seen in the second half of 2024." Meanwhile, Intelligent Operating Solutions and Advanced Healthcare Solutions segments showed relative stability, supported by recurring revenue streams and product innovation. Is now the time to buy FTV? Find out in our full research report (it's free). Revenue: $1.47 billion vs analyst estimates of $1.5 billion (3.3% year-on-year decline, 1.4% miss) Adjusted EPS: $0.85 vs analyst estimates of $0.85 (in line) Adjusted EBITDA: $396 million vs analyst estimates of $398.1 million (26.9% margin, 0.5% miss) Management lowered its full-year Adjusted EPS guidance to $3.90 at the midpoint, a 3.9% decrease Operating Margin: 15.8%, down from 19.8% in the same quarter last year Organic Revenue rose 2.2% year on year, in line with the same quarter last year Market Capitalization: $23.82 billion While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Scott Davis (Melius Research) pressed CEO Jim Lico on the company's approach to localizing production in response to tariffs; Lico explained that efforts involve accelerating existing contract manufacturing and shifting capacity, rather than major new investments. Steve Tusa (JPMorgan) questioned the volatility in Test and Measurement demand versus the broader economy; Lico attributed this to delayed R&D investments among semiconductor and electronics customers, who are reassessing buying cycles amid tariff uncertainty. Julian Mitchell (Barclays) asked about margin trends in Advanced Healthcare Solutions, especially the first-quarter decline; Vice President Elena Rosman clarified that margins typically ramp throughout the year and were temporarily affected by FX and fewer business days. Joe Giordano (TD Cowen) inquired about competitive dynamics and tariff-related pricing in Precision Technologies, focusing on Tektronix; Lico noted the company's global manufacturing flexibility and ability to shift production to protect intellectual property and mitigate tariff impacts. Chris Snyder (Morgan Stanley) asked how much of the tariff mitigation would be driven by price increases versus other actions; Lico estimated that about two-thirds would be from price, with the remainder from surcharges and operational adjustments. In the coming quarters, our analysts will closely monitor (1) the effectiveness and speed of Fortive's tariff mitigation measures, (2) stabilization or potential recovery in the Precision Technologies segment, and (3) the execution of the Ralliant spin-off and any resulting changes in capital allocation or operational priorities. Progress in recurring revenue expansion and supply chain localization will also be important indicators of resilience. Fortive currently trades at $70.08, in line with $69.61 just before the earnings. Is there an opportunity in the stock?See for yourself in our full research report (it's free). The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+354% five-year return). Find your next big winner with StockStory today.
Associated Press
26-06-2025
- Business
- Associated Press
Capital Group Launches New U.S. Growth and U.S. Value Equity ETFs For Model Portfolio Builders, and First High Yield Bond ETF
The $66B ETF manager has grown its total suite of ETFs to 25 in the U.S., with registered investment advisors comprising a fifth of its overall ETF business LOS ANGELES, June 26, 2025 /PRNewswire/ -- Capital Group, one of the world's largest and most experienced active investment managers, launched three new active exchange-traded funds (ETFs) that begin trading on the New York Stock Exchange (NYSE) today. These include the firm's first focused U.S. growth and large value equity strategies, designed for financial professionals constructing model portfolios for their clients, as well as its first high yield bond ETF. The three new ETFs are: 'With today's launch, we've introduced two new U.S. equity ETFs that provide highly focused growth and value exposures for model portfolio builders, powered by Capital's active, distinct investment approach including our deep research capabilities and multiple manager system. We've also brought our high yield (HY) investing capabilities into the ETF wrapper, drawing on our extensive experience managing more than $49B in HY assets1,' said Scott Davis, Head of ETFs, Capital Group. 'Following the launch of our ETF models earlier this year, this represents the next evolution of our ETF business in response to our clients' needs.' The launch of the three new strategies follows Capital crossing $66B in assets under management2, with approximately one-fifth of the overall business driven by sales to registered investment advisors (RIAs)3. 'We know RIAs are one of the biggest users of ETFs in the industry and are increasingly interested in active strategies,' said Eric Grey, Senior Vice President, Head of Financial Conglomerate and RIA Distribution, Capital Group. 'Our two new equity ETFs, CGGG and CGVV, are our solution to the clear need we've heard from RIAs and other financial professionals for U.S. growth and value-focused strategies they can use as asset allocators and builds on our growing offering for RIAs in recent years, including our online tools and resources hub, RIA Insider.' Launched in 2020, the RIA Insider online platform provides access to curated insights and industry news, a community of peers and thought leaders, and specialized resources including portfolio analysis consultations and Marketing Lab, which allows RIAs to customize and share Capital's client-ready thought leadership articles with their clients, branded with the RIA's logo. Capital Group now offers 25 ETFs in the U.S, and continues to be the fastest, organically grown suite of active ETFs in the market4, with over 6% market share of active ETFs.5 It also offers a line of all active Capital Group ETF model portfolios to help financial professionals and their clients pursue their long-term financial goals. About Capital Group Capital Group, home of American Funds, has been singularly focused on delivering superior results for long-term investors using high-conviction portfolios, rigorous research and individual accountability since 1931. As of March 31, 2025, Capital Group manages approximately $2.8 trillion in equity and fixed income assets for millions of individuals and institutional investors around the world. Capital Group manages equity assets through three investment groups. These groups make investment and proxy voting decisions independently. Fixed income investment professionals provide fixed income research and investment management across the Capital organization; however, for securities with equity characteristics, they act solely on behalf of one of the three equity investment groups. For more information, visit Media Contact: Sarah Christiansen [email protected] Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value. Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses and summary prospectuses, which can be obtained from a financial professional and should be read carefully before investing. Statements attributed to an individual represent the opinions of that individual as of the date published and do not necessarily reflect the opinions of Capital Group or its affiliates. This information is intended to highlight issues and should not be considered advice, an endorsement or a recommendation. This content, developed by Capital Group, home of American Funds, should not be used as a primary basis for investment decisions and is not intended to serve as impartial investment or fiduciary advice. All Capital Group trademarks mentioned are owned by The Capital Group Companies, Inc., an affiliated company or fund. All other company and product names mentioned are the property of their respective companies. Use of this website is intended for U.S. residents only. Capital Client Group, Inc. © 2025 Capital Group. All rights reserved. 1Source: Capital Group High Yield Fixed Income Assets Under Management, March 31, 2025. 2Source: Morningstar Direct. U.S. ETFs only as of May 31, 2025. 3Source: Broadridge Firm Sales as of February 22, 2022 through April 30, 2025. 4Source: Morningstar Direct. U.S. ETFs as of May 31, 2025. 5Source: Morningstar Direct. U.S. ETFs excluding Mutual Fund-to-ETF conversions (or ETFs that were converted from mutual funds) as of May 31, 2025. View original content to download multimedia: SOURCE Capital Group Companies
Fashion Network
23-05-2025
- Business
- Fashion Network
Cole Haan to enter performance wear arena, names new golf president
Cole Haan announced on Thursday a new partnership with Catapult Group for the creation of the American lifestyle brand's new performance apparel division. Upclose, the deal will bring to market Cole Haan golf apparel, with racket sports and performance lifestyle collections to follow. Scott Davis of Catapult Group will lead the new division as president of Cole Haan golf, overseeing global strategy and go-to-market operations. Davis boasts 25 years of experience across global fashion, golf brands, and retailers, and is known for driving growth and brand evolution, according to a press release. "Since re-entering the golf footwear category in 2021, we have been focused on a journey to bring well-designed, high-quality performance footwear and apparel to professionals and enthusiasts who live a 24/7 lifestyle—from the back nine to the corner office and everywhere in between," said Jack Boys, CEO at Cole Haan. "With Scott Davis and the Catapult team as our partners, we have the proven expertise needed to deliver on products at the intersection of style and performance—bringing a uniquely Cole Haan perspective to one of the world's fastest-growing sports." The first drop will launch globally in spring 2026. "It's a true honor to operate as president, Cole Haan golf at Catapult and help steward a brand celebrated for nearly a century of craftsmanship, innovation, and timeless American style," said Davis. "As a longtime PGA professional, I am deeply proud to bring my experience in the game to this exciting new chapter—introducing a golf apparel collection that merges performance with sophistication and extending the brand's legacy into the world of golf. This initiative underscores our commitment to meeting the evolving needs of today's athletes while staying true to the values that have defined Cole Haan for generations." Cole Haan is an American lifestyle brand distributed in over 100 countries.
Fashion Network
22-05-2025
- Business
- Fashion Network
Cole Haan to enter performance wear arena, names new golf president
Cole Haan announced on Thursday a new partnership with Catapult Group for the creation of the American lifestyle brand's new performance apparel division. Upclose, the deal will bring to market Cole Haan golf apparel, with racket sports and performance lifestyle collections to follow. Scott Davis of Catapult Group will lead the new division as president of Cole Haan golf, overseeing global strategy and go-to-market operations. Davis boasts 25 years of experience across global fashion, golf brands, and retailers, and is known for driving growth and brand evolution, according to a press release. "Since re-entering the golf footwear category in 2021, we have been focused on a journey to bring well-designed, high-quality performance footwear and apparel to professionals and enthusiasts who live a 24/7 lifestyle—from the back nine to the corner office and everywhere in between," said Jack Boys, CEO at Cole Haan. "With Scott Davis and the Catapult team as our partners, we have the proven expertise needed to deliver on products at the intersection of style and performance—bringing a uniquely Cole Haan perspective to one of the world's fastest-growing sports." The first drop will launch globally in spring 2026. "It's a true honor to operate as president, Cole Haan golf at Catapult and help steward a brand celebrated for nearly a century of craftsmanship, innovation, and timeless American style," said Davis. "As a longtime PGA professional, I am deeply proud to bring my experience in the game to this exciting new chapter—introducing a golf apparel collection that merges performance with sophistication and extending the brand's legacy into the world of golf. This initiative underscores our commitment to meeting the evolving needs of today's athletes while staying true to the values that have defined Cole Haan for generations." Cole Haan is an American lifestyle brand distributed in over 100 countries.
Fashion Network
22-05-2025
- Business
- Fashion Network
Cole Haan to enter performance wear arena, names new golf president
Cole Haan announced on Thursday a new partnership with Catapult Group for the creation of the American lifestyle brand's new performance apparel division. Upclose, the deal will bring to market Cole Haan golf apparel, with racket sports and performance lifestyle collections to follow. Scott Davis of Catapult Group will lead the new division as president of Cole Haan golf, overseeing global strategy and go-to-market operations. Davis boasts 25 years of experience across global fashion, golf brands, and retailers, and is known for driving growth and brand evolution, according to a press release. "Since re-entering the golf footwear category in 2021, we have been focused on a journey to bring well-designed, high-quality performance footwear and apparel to professionals and enthusiasts who live a 24/7 lifestyle—from the back nine to the corner office and everywhere in between," said Jack Boys, CEO at Cole Haan. "With Scott Davis and the Catapult team as our partners, we have the proven expertise needed to deliver on products at the intersection of style and performance—bringing a uniquely Cole Haan perspective to one of the world's fastest-growing sports." The first drop will launch globally in spring 2026. "It's a true honor to operate as president, Cole Haan golf at Catapult and help steward a brand celebrated for nearly a century of craftsmanship, innovation, and timeless American style," said Davis. "As a longtime PGA professional, I am deeply proud to bring my experience in the game to this exciting new chapter—introducing a golf apparel collection that merges performance with sophistication and extending the brand's legacy into the world of golf. This initiative underscores our commitment to meeting the evolving needs of today's athletes while staying true to the values that have defined Cole Haan for generations." Cole Haan is an American lifestyle brand distributed in over 100 countries.
