Upcoming posts (in no particular order): Gartner, Tractor Supply, Transdigm, Waystar, Fortive, and Veralto [CCC is currently the subject of takeout rumors, with multiple bidders purportedly in the mix. I obviously have no insight into these machinations. This post is written under the assumption that CCC remains an independent company.] An auto insurer that realizes […]
CCC is in the Middle of the Wreckage
Posted By scuttleblurb On In [CCC] CCC | Comments Disabled[scuttleslops] ZTS, APO, FISV, TTD, RELY
Posted By scuttleblurb On In scuttleslops | Comments DisabledWhat are scuttleslops? Zoetis, Q2 ‘26 Earnings Call, August 06, 2026 Zoetis’s second quarter exposed a sharp deterioration in its U.S. companion-animal business rather than a broad collapse across the company. Organic revenue fell 1%, with U.S. revenue down 7% and companion-animal revenue down 6%, while livestock grew 11% and international revenue rose 6%. Management […]
[V, MA] The more things change, the more they stay the same
Posted By scuttleblurb On In [MA] Mastercard,[V] Visa | Comments DisabledUpcoming posts (in no particular order): Gartner, Tractor Supply, Transdigm, Waystar, CCC, Fortive, and Veralto Every so often, a sexy new technology or theme emerges in payments that threatens to disintermediate Visa and Mastercard; and every time, Visa and Mastercard manage to absorb that threat into their network. Like the Blob, they swallow every innovation […]
[scuttleslops] BKNG, ABNB, SHOP, LPX, TREX, XYZ
Posted By scuttleblurb On In scuttleslops | Comments DisabledWhat are scuttleslops? Booking Holdings, Q2 ‘26 Earnings Call, August 04, 2026 Room nights grew 5%, gross bookings rose 9%, revenue increased 8% and adjusted EBITDA grew 9%, all above guidance. Adj. EPS grew 15% y/y, faster than adjusted EBITDA growth, helped by a 6% reduction in average share count. The Middle East conflict hurt […]
[scuttleslops] UMG, SPOT, SAIA, XPO, ICE, CBOE
Posted By scuttleblurb On In scuttleslops | Comments DisabledWhat are scuttleslops? Universal Music Group, Q2 ‘26 Earnings Call, July 30, 2026 Universal Music Group grew second-quarter revenue 13.3% to €3.3 billion, but the headline was flattered by the newly acquired Downtown business; excluding Downtown, revenue rose 6.4%. Adjusted EBITDA increased only 1.5% to €674 million, and excluding Downtown it was flat, so revenue […]
[scuttleslops] BLDR, RYAN, APG, GFL, FND
Posted By scuttleblurb On In scuttleslops | Comments DisabledWhat are scuttleslops? Builders FirstSource, Q2 ‘26 Earnings Call, July 30, 2026 Builders FirstSource described the second quarter as a test of its ability to manage through a weak housing cycle without sacrificing its longer-term competitive position. Net sales declined approximately 9% to $3.9 billion, adjusted EBITDA fell 35% to $329 million, and adjusted EBITDA […]
[OTCM] Listings for the rest of us
Posted By scuttleblurb On In [OTCM] OTC Markets | Comments DisabledUpcoming posts (in no particular order): Gartner, Visa/Mastercard, Tractor Supply, Waystar, CCC, and Fortive As SpaceX drew up plans to go public, I don’t imagine there was much debate about where its stock would be listed. It might be traded in any number of venues, sure. When you punch in an order to buy SPCX […]
[scuttleslops] ODFL, AMD, INTC, CDNS, URI, VRSK, KNSL, WSO
Posted By scuttleblurb On In scuttleslops | Comments DisabledWhat are scuttleslops? Old Dominion Freight Line, Q2 ‘26 Earnings Call, July 29, 2026 Old Dominion Freight Line reported a strong second quarter, with revenue rising 10.4%, earnings per share increasing 32.3%, and the operating ratio improving 450 basis points to 70.1%. The quarter marked a return to revenue growth despite less-than-truckload tonnage remaining 4.1% […]