LEN

2025 Q3

Industrial

Gross Margin Decline to 17.5%

17.5%

Sales incentives rose to 14.3%, reducing gross margin to 17.5%, which was lower than expected on a lower-than-expected average sales price.

FedEx Corporation

FDX

2026 Q1

Industrial

FedEx Freight Adjusted Operating Income Decline

Declined by over $70 million; margin contracted 250 basis points

Despite industry challenges, FedEx Freight's adjusted operating income declined significantly, reflecting ongoing pressure from the weak industrial economy and excess truckload capacity.

KB Home

KBH

2025 Q3

Industrial

Financial Performance Summary

Adjusted housing gross profit margin of 18.9%, above the high end of guidance but 180 basis points lower year-over-year.
Book value per share increased 11% year-over-year to over $60.
Diluted earnings per share of $1.61, benefiting from a 12% reduction in diluted shares outstanding.
Homebuilding operating income margin of 8.8% excluding inventory-related charges, driven by cost management and operational efficiency.
Repurchased approximately 3.3 million shares for $188 million in Q3, totaling $440 million year-to-date, representing 11% of shares outstanding at start of year.
SG&A expenses held to 10% of housing revenues, a slight increase of 20 basis points from prior year.
Total revenues of $1.62 billion in Q3 2025, exceeding midpoint guidance but down 8% year-over-year.