Dafinchi AI

MMM

Industrial

3w

Accelerated New Product Launches and Innovation Pipeline

Launched 64 new products in Q2, up 70% YoY, with a total of 126 in the first half.
On track to exceed the annual target of $2.15 billion in new product sales.
5-year new product sales bottomed last year, up 9% in H1, tracking to over 15% for the year.
Management emphasized increased cadence, discipline, and higher launch schedule attainment, with a focus on innovation excellence.

L3Harris Technologies, Inc.

LHX

Industrial

2w

Financial Performance Summary

Aerojet Rocketdyne delivered its highest revenue quarter on record with a 2.0 book-to-bill.
Free cash flow was $574 million, driven by increased operating income and improved working capital performance.
L3Harris reported record $8.3 billion in orders for Q2 2025, resulting in a 1.5 book-to-bill ratio.
Non-GAAP EPS was $2.78, up 16% year-over-year; pension-adjusted EPS was $2.42, up 22% year-over-year.
Revenue was $5.4 billion, reflecting strong organic growth of 6%.
Segment operating margin was 15.9%, up 30 basis points, marking the seventh consecutive quarter of year-over-year margin expansion.
Segment results included CS revenue up 2% with 24.4% margin, IMS revenue up 6% organically with 13.2% margin, SAS revenue up 7% organically with 12.3% margin, and Aerojet Rocketdyne with 12% organic growth and 13.3% margin.

Avery Dennison Corporation

AVY

Industrial

3w

Impact of Trade Policy and Tariffs on Business Operations

Trade policy changes throughout the quarter had both direct and indirect impacts, including a $0.10 per share negative effect from tariffs.
The company actively mitigated increased costs through strategic sourcing adjustments and pricing surcharges.
Tariffs affected sourcing demand, especially in apparel and retail categories, leading to network adjustments and cost efficiencies.
Trade policy uncertainty remains a key factor influencing near-term growth, particularly in apparel sourcing and intelligent label platforms linked to retail categories.

Jones Lang LaSalle Incorporated

JLL

Industrial

1w

Financial Performance Summary

Adjusted EBITDA grew by 17%, and adjusted EPS increased by 29%, reflecting strong margin expansion and earnings growth.
Capital Markets Services grew 7% overall, with Debt Advisory up 27% and Investment Sales up 9%, supported by resilient debt markets and refinancing activity.
Investment Management experienced lower assets under management compared to the prior year due to dispositions but raised $1 billion in private equity capital in Q2.
JLL reported a 10% increase in consolidated revenue for Q2 2025, marking the fifth consecutive quarter of double-digit revenue growth.
Real Estate Management Services saw high single-digit to low double-digit revenue growth, led by Workplace Management and Project Management.
Software and Technology Solutions showed low double-digit revenue growth but faced reduced spend from some large clients.

Sanmina Corporation

SANM

Industrial

2w

Progress and Outlook of the ZT Systems Acquisition

The acquisition is on track to close near the end of 2025, pending regulatory approvals.
Expected to add $5 billion to $6 billion of annual net revenue on a run rate basis.
The business is profitable and has a stable foundation, with potential for growth and expansion.
Sanmina plans to build a larger team, including sales and engineering, to capitalize on hyperscale customer opportunities.
Management emphasizes the strategic importance of the acquisition for long-term growth in data center and AI infrastructure markets.
The company expects to double its net revenue within three years post-acquisition, with the transaction being accretive to earnings in the first year.

Materion Corporation

MTRN

Industrial

2w

Record EBITDA Margin in Electronic Materials Segment at 23.4%

Electronic Materials achieved an all-time high EBITDA margin of 23.4%, driven by cost optimization and operational efficiencies.
Management expects continued margin expansion in this segment for the full year, with a new performance level reached.