Earnings Feed

18.9%

Adjusted housing gross profit margin exceeded the high end of guidance, driven by strong cost management despite pricing pressure and higher land costs.

10% ownership acquired

NovaGold closed acquisition of an additional 10% interest in Donlin Gold at the beginning of Q3 2025, increasing its stake to 60%.

Down low double digits

Residential lot development slowed significantly in Q2, especially in Sunbelt markets, due to higher interest rates and affordability concerns.

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.

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.