Republic Services Remains a Cash Cow
September 2, 2025
Image Source: TradingView By Brian Nelson, CFA Garbage hauler Republic Services (RSG) recently reported second quarter results that were mixed. The firm beat non-GAAP earnings per share estimates but missed when it came to revenue growth. Total revenue growth of 4.6% included 3.1% organic growth and the balance coming from growth from acquisitions. Net income was $550 million in the quarter, reflecting a margin of 13%, while adjusted earnings per share came in at $1.77, an increase of 9.9% over the prior year. Adjusted EBITDA was $1.36 billion, as its adjusted EBITDA margin expanded 100 basis points, to 32.1%. Management had the following to say about the results: We are pleased with our second quarter results which demonstrate the resilience
Dividend Increases/Decreases for the Week of August 29
August 29, 2025
Below we provide a list of firms that raised their dividends during the week ending August 29. The dividend reports of covered firms on this list will be updated shortly with the new information. To access our dividend reports use the ‘Symbol’ search box in our website header. Firms Raising Their Dividends This Week Capital City Bank (CCBG): now $0.26 per share quarterly dividend, was $0.24. EQB (EQB:CA): now $0.55 per share quarterly dividend, was $0.53. Frontline (FRO): now $0.36 per share quarterly dividend, was $0.18. Gold Fields (GFI): now $0.3993 per share semi-annual dividend, was $0.1692. Greif (GEF): now $0.56 per share quarterly dividend, was $0.54. Hafnia (HAFN): now $0.1210 per share quarterly dividend, was $0.1015. Ingredion
Best Buy Puts Up Best Comp Growth in Three Years
August 28, 2025
Image Source: TradingView By Brian Nelson, CFA On August 28, Best Buy (BBY) reported better than expected second quarter results for fiscal 2026 with revenue and non-GAAP earnings per share coming in ahead of the consensus forecasts. Revenue grew to $9.44 billion from $9.29 billion in the year-ago period, with comparable store sales increasing 1.6%, lapping a 2.3% decline in last year’s quarter. Adjusted operating income margins fell 20 basis points to 3.9% from the same period a year ago, while adjusted diluted earnings per share came in at $1.28 versus $1.34 in last year’s quarter. Management had the following to say about the results: We delivered comparable sales growth of 1.6% in the second quarter, our highest growth in
AT&T Is Targeting Free Cash Flow in the Low-to-Mid $16 Billion Range for 2025
August 28, 2025
Image Source: TradingView By Brian Nelson, CFA AT&T (T) recently reported second quarter results that came in better than expectations. Revenue came in at $30.8 billion versus $29.8 billion in last year’s quarter thanks to strength in mobility and consumer wireline revenue, while adjusted diluted earnings per share were $0.54 versus $0.51 in the year-ago period. Consensus was at $0.53 per share. Adjusted operating income came in at $6.5 billion versus $6.3 billion in same period last year, while net income was $4.9 billion versus $3.9 billion in the year-ago period and adjusted EBITDA was $11.7 billion versus $11.3 billion in the year-ago quarter. Cash flow from operating activities was $9.8 billion in the quarter, while free cash flow, excluding
Nvidia Shines in Second Quarter of Fiscal 2026
August 27, 2025
Image Source: Nvidia By Brian Nelson, CFA On August 27, market darling Nvidia (NVDA) reported better than expected fiscal second quarter results with both revenue and non-GAAP earnings per share coming in ahead of the consensus forecast. Total revenue increased 56% from the year-ago period, to $46.74 billion (consensus was at $46.13 billion), with Data Center revenue of $41.1 billion advancing by a similar clip, the latter coming in slightly below the consensus estimate of $41.29 billion. In the quarter, GAAP and non-GAAP gross margins were 72.4% and 72.7%, respectively. GAAP and non-GAAP earnings per diluted share were $1.08 and $1.05, respectively. Consensus was at $1.01. Blackwell Data Center revenue increased 17% on a sequential basis, and there were no
Walmart Raises Outlook for Fiscal 2026
August 21, 2025
Image Source: Walmart By Brian Nelson, CFA On August 21, Walmart (WMT) reported disappointing second quarter results that showed a beat on the top line, but a miss when it came to non-GAAP earnings per share. Revenue growth was 4.8% on a year-over-year basis, up 5.6% in constant currency. Walmart U.S. comp sales were up 4.6% (consensus was 4.1%), with strong growth in grocery and health & wellness. Operating income, however, decreased 8.2%, and up only a marginal 0.4% on an adjusted basis (constant currency). Adjusted non-GAAP earnings per share of $0.68 missed estimates by $0.06. On a global basis, eCommerce expanded 25% led by store-fulfilled pickup & delivery and marketplace. Management had the following to say about the results:
Home Depot’s Comps Turn Positive in Second Quarter
August 19, 2025
Image Source: TradingView By Brian Nelson, CFA On August 19, Home Depot (HD) reported mixed second-quarter results with revenue coming in-line with expectations and non-GAAP earnings per share missing the consensus forecast slightly. Total sales came in at $45.3 billion, up 4.9% year-over-year, while the company’s comparable sales for the second quarter increased 1% (comparable sales in the U.S. increased 1.4%), up from a decline of 3.3% in last year’s quarter. Adjusted diluted earnings per share for the second quarter of fiscal 2025 were $4.68, up modestly from the same period last year. Here’s what management had to say about the quarter: Our second quarter results were in line with our expectations. The momentum that began in the back half
Phillips 66’s 2027 Strategic Priorities Look Achievable
August 18, 2025
Image Source: Phillips 66 By Brian Nelson, CFA Phillips 66 (PSX) recently reported second quarter results that came in better than expected on both the top and bottom lines. The company reported adjusted earnings of $973 million or $2.38 per share, above the consensus forecast. Phillips 66 operated at 98% capacity utilization in Refining with 86% clean product yield. As for dealings, the firm completed its acquisition of EPIC NGL (Coastal Bend) and sold a 65% interest in its Germany and Austria retail marketing business. Excluding working capital, it generated $1.9 billion in net operating cash flow as it returned $906 million to shareholders through dividends and buybacks. Here’s what management had to say about the results: Phillips 66 delivered
Cisco Systems Reports Strong Fiscal Fourth Quarter
August 17, 2025
Image Source: TradingView By Brian Nelson, CFA On August 13, Cisco Systems (CSCO) reported better than expected fiscal fourth quarter results, with both revenue and non-GAAP earnings per share coming in ahead of consensus. Fiscal fourth quarter revenue was up 8% year-over-year, to $14.7 billion, while fiscal fourth quarter product orders advanced 7% year-over-year, with expansion across all geographies. Non-GAAP gross margin came in at 68.4% at the high end of its guidance range, while non-GAAP earnings per share of $0.99 was up 14% year-over-year, above the high end of its guidance range. Management had the following to say about the results and outlook: We delivered a strong close to fiscal 2025, driven by our accelerated innovation and solid execution.
