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%.

CTAS

Industrial

Diluted EPS rose 9.1% to $1.20 compared to $1.10 last year.
Fire Protection Services grew 10.3% organically but faced margin pressure due to SAP implementation costs.
First Aid and Safety Services segment grew 14.1% organically, maintaining a strong gross margin of 56.8%.
First quarter total revenue grew 8.7% to $2.72 billion, with organic growth at 7.8%.
Gross margin improved 20 basis points to 50.3% overall, with segment-specific margins showing mixed results.
Operating income increased 10.1% to $617.9 million, with operating margin expanding 30 basis points to 22.7%.
Uniform Direct Sale declined 9.2% organically, representing 2.6% of total revenue.
Uniform Rental and Facility Services segment grew organically by 7.3% with a 40 basis point gross margin increase.

AIR

Industrial

Adjusted diluted EPS increased 27% to $1.08 from $0.85 in the prior year quarter.
Adjusted EBITDA increased 18% to $86.7 million, with margins improving to 11.7% from 11.3%.
Adjusted operating income rose 21% to $71.6 million, with operating margin up to 9.7% from 9.1%.
Integrated Solutions sales increased 10% to $185 million, with adjusted operating income up 5%.
Net debt leverage increased slightly to 2.82x due to organic and inorganic investments, including $15 million acquisition of AeroStrat.
Parts Supply segment sales grew 27% to $318 million, with adjusted EBITDA margin rising to 13.8%.
Repair and Engineering sales declined 1% but showed 8% organic growth excluding divestitures, with margin expansion to 11.6%.
Total adjusted sales grew 13% year-over-year to $740 million, with 17% organic sales growth excluding divestitures.

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