FUL

Industrial

Adjusted earnings per share rose 12% year on year to $1.26.
Adjusted gross profit margin increased 190 basis points to 32.3%.
EBITDA grew 3% year on year to $171 million, with EBITDA margin expanding 110 basis points to 19.1%.
Net debt to adjusted EBITDA ratio improved from 3.4x to 3.3x sequentially.
Operating cash flow increased 13% year on year, driven by improved profitability.
Organic sales decreased 0.9% in Q3 2025 with positive pricing of 1% offset by a volume decline of 1.9%.
Revenue declined 2.8% year on year, with currency positively impacting by 1% and acquisitions/divestitures negatively impacting by 2.9%.

RPM

Industrial

Adjusted EBIT increased 2.9% to a record, supported by volume growth and MAP 2025 initiatives.
All three segments achieved record quarterly sales and adjusted EBIT, with 6% or better growth despite a challenging macro environment.
Consolidated sales increased 7.4% to a record, driven by a balance of organic growth and acquisitions.
First quarter adjusted EPS was a record $1.88, despite higher interest expense from acquisition financing.
Healthcare costs rose significantly, driven by high-cost cases and weight loss drug coverage increases.
Inventory increased due to strategic purchases to mitigate tariffs and support plant consolidations.
SG&A increased due to higher healthcare costs (+$8.8 million), M&A expenses, and growth investments.
Unit volume growth was 4% in Construction Products Group and 8% in Performance Coatings Group.

LEN

Industrial

Average sales price for Q3 was $383,000, lower than expected.
Ended Q3 with $1.4 billion in cash and total liquidity of $5.1 billion.
Financial Services operating earnings were $177 million, driven by higher profit per loan.
Homebuilding debt to total capitalization was 13.5%, with no senior note redemptions this quarter.
Inventory turn improved to 1.9x, a 19% increase year-over-year.
Net margin for the quarter was 9.2%, with SG&A at 8.2%.
Repurchased 4.1 million shares for $507 million and paid $129 million in dividends.
Third quarter gross margin declined to 17.5% due to increased sales incentives of 14.3%.

PAYX

Industrial

Cash flow from operations was $718 million; returned $549 million to shareholders via dividends and share repurchases.
Diluted earnings per share decreased 10% to $1.60, but adjusted diluted EPS increased 5% to $1.22.
Interest on funds held for clients increased 27% to $48 million due to Paycor balances.
Management Solutions revenue grew 21% to $1.2 billion, driven by Paycor acquisition and higher revenue per client.
Operating income margin was 35.2%, with adjusted operating income margin at 40.7%.
PEO and Insurance Solutions revenue rose 3% to $329 million, supported by mid-single-digit worksite employee growth.
Total expenses increased 29% to $998 million, primarily due to Paycor acquisition.
Total revenue increased 17% year-over-year to $1.5 billion in Q1 FY2026.
Twelve-month rolling return on equity remained strong at 40%.

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