Mueller Water Products (MWA)
Mueller Water Products, Inc. (MWA) is a publicly traded company headquartered in Atlanta, Georgia. It is one of the largest manufacturers and distributors of fire hydrants, gate valves, and other water infrastructure products in North America.MWP is made up of two business units—Mueller Co. and Mueller Technologies—that oversee more than a dozen brands and affiliates, including Echologics and Mueller Systems.
Revenue: Reported $353.4 million, up 6.2% year-over-year, surpassing estimates of $299.62 million.
Net Income: Achieved $44.3 million, more than doubling from $21.3 million in the prior year quarter, exceeding estimates of $21.06 million.
Earnings Per Share (EPS): Reported $0.28 per diluted share, nearly doubling from $0.14 in the prior year quarter, significantly surpassing the estimate of $0.15.
Datadog (DDOG)
Datadog, Inc. provides an observability and security SaaS platform for cloud applications. The platform helps corporations monitor servers, databases, software tools, and infrastructure services.
Datadog’s platform consolidates comprehensive traces, metrics, and logs to enable full observability of applications, infrastructure, and third-party services. These functionalities assist businesses in safeguarding their systems, preventing disruptions, and ensuring an excellent user experience.
Bandwidth CI A (BAND)
Bandwidth Inc. is a communications platform as a service company. It sells software application programming interfaces (or APIs) for voice, text messaging and emergency services, using its own global IP voice network.
Ultra Clean Holdings (UCTT)
Ultra Clean Holdings, Inc. is a leading developer and supplier of critical subsystems, components, parts, and ultra-high purity cleaning and analytical services, primarily for the semiconductor industry. Under its Products division, UCT offers its customers an integrated outsourced solution for major subassemblies, improved design-to-delivery cycle times, design for manufacturability, prototyping, and high-precision manufacturing. Under its Services Division, UCT offers its customers tool chamber parts cleaning and coating, as well as micro-contamination analytical services. Ultra Clean is headquartered in Hayward, California.
“UCT’s first quarter revenue and earnings came in above midpoint due to pockets of strength in shipments related to High Bandwidth Memory and advanced packaging supporting AI as well as the operational efficiencies associated with those shipments,” said Jim Scholhamer. “While not a clear sign of a broader industry recovery right now, we anticipate these areas remaining strong.”
Oscar Health (OSCR)
Oscar Health, Inc. is an American health insurance company. The company focuses on the health insurance industry through telemedicine, healthcare focused technological interfaces, and transparent claims pricing systems which would make it easier for patients to navigate.
Embraer ADR (ERJ)
Embraer S.A. is a Brazilian multinational aerospace corporation. It designs, manufactures, and sells commercial, military, executive, and agricultural aircraft, as well as provides leasing and aviation support services. Embraer is the third largest producer of civil aircraft after Boeing and Airbus. It is also among the world’s top 100 defense contractors. The company is headquartered in São José dos Campos, São Paulo.
First Watch Restaurant (FWRG)
First Watch is an American restaurant chain based in Bradenton, Florida.As of August 2023, the chain has more than 500 locations in 29 states and 9,000 employees. First Watch is also the owner of Sun & Fork by First Watch, a fast-casual café concept located in Nashville, Tennessee.
Sterling Infrastructure (STRL)
Sterling Construction Company, Inc., a heavy civil construction company, engages in the building, reconstruction, and repair of transportation and water infrastructure.
Revenue: $440.4 million, up by 9% year-over-year, surpassing estimates of $412.83 million.
Net Income: $31.0 million, a 58% increase from the previous year, exceeding estimates of $24.55 million.
Earnings Per Share (EPS): $1.00 per diluted share, a significant rise of 56% year-over-year, surpassing the estimated $0.77.
Gross Margin: Improved to 17.5% from 15.3% in the prior year quarter.
Cash Flow from Operations: Reported at $49.6 million for the quarter.
Backlog: Ended the quarter with a backlog of $2.35 billion, indicating strong future revenue potential.
Paymentus Holdings (PAY)
Paymentus is a leading provider of cloud-based bill payment technology and solutions. They deliver their next-generation product suite through a modern technology stack to more than 1,300 billers across North America. Their omni-channel platform provides consumers with easy-to-use, flexible and secure electronic bill payment experiences through their preferred payment channel and type. Paymentus proprietary Instant Payment Network™, or IPN, extends their reach by connecting their IPN partners’ platforms and tens of thousands of billers to their integrated billing, payment, and reconciliation capabilities. Paymentus serves billers of all sizes across a variety of industry verticals, including utilities, financial services, insurance, government, telecommunications and healthcare.
