Brian Nelson

Tesla’s Second Quarter Results Weren’t Great

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Image Source: Tesla By Brian Nelson, CFA Tesla (TSLA) recently announced second quarter results that were mixed at best. Revenue beat expectations but fell 11.8% year-over-year, while non-GAAP earnings per share of $0.40 was in-line with what the Street was expecting. Total gross profit fell 15% in the quarter on a year-over-year basis while income from operations dropped 42%. Adjusted EBITDA fell 7%, while non-GAAP earnings per share dropped 23%. Management had the following to say about the results: Q2 2025 was a seminal point in Tesla’s history: the beginning of our transition from leading the electric vehicle and renewable energy industries to also becoming a leader in AI, robotics and related services. Our first Robotaxi service launched in Austin … Read more

Albemarle Targets Positive Free Cash Flow for 2025

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Image Source: TradingView By Brian Nelson, CFA Albemarle (ALB) recently reported better than feared second quarter results with both revenue and non-GAAP earnings per share exceeding the consensus forecast. Net sales of $1.3 billion included volume growth in Energy Storage and Specialties, but the measure still fell 7% versus the prior-year quarter. Adjusted EBITDA was up sequentially, to $336 million, thanks in part to improved fixed cost absorption, ongoing cost savings, and Energy Storage product mix. Adjusted diluted earnings per share came in at $0.11 versus $0.04 in the year ago period. Management had the following to say about the results: We delivered strong second quarter results and are maintaining our previous outlook considerations assuming current lithium market pricing persists. … Read more

Dividend Increases/Decreases for the Week of September 5

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Below we provide a list of firms that raised their dividends during the week ending September 5. 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                          Brady (BRC): now $0.245 per share quarterly dividend, was $0.240. BrilliA Inc (BRIA): now $0.133 per share quarterly dividend. Fairfax Financial Holdings Limited PFD SHS SER G (FFH.PR.G:CA): now CAD 0.1852 per share quarterly dividend, was CAD 0.1851. FFW (FFWC): now $0.31 per share quarterly dividend, was $0.30. MFA Financial Cum Red PFD Shares Series C (MFA.PR.C): now $0.6395 per share quarterly dividend, was … Read more

Republic Services Remains a Cash Cow

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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 … Read more

Dividend Increases/Decreases for the Week of August 29

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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 … Read more

Best Buy Puts Up Best Comp Growth in Three Years

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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 … Read more

AT&T Is Targeting Free Cash Flow in the Low-to-Mid $16 Billion Range for 2025

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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 … Read more

Nvidia Shines in Second Quarter of Fiscal 2026

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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 … Read more

Dividend Increases/Decreases for the Week of August 22

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Below we provide a list of firms that raised their dividends during the week ending August 22. 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                          Altria (MO): now $1.06 per share quarterly dividend, was $1.02. American Financial (AFG): now $0.88 per share quarterly dividend, was $0.80. Automotive Properties Real Estate Investment Trust (APR.UN:CA): now CAD 0.0685 per share monthly dividend, was CAD 0.0670. Avnet (AVT): now $0.35 per share quarterly dividend, was $0.33. Bank7 (BSVN): now $0.27 per share quarterly dividend, was $0.24. Bay Commercial Bank (BCML): now $0.25 … Read more

Walmart Raises Outlook for Fiscal 2026

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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: … Read more