Earnings Recaps

Q4 and FY 2024 - Constellation Software & Its Spin-Outs - Full Analysis

Returning to More Typical Revenue and EBITA Growth in Q4; Strong M&A Exit Rate

11 hrs ago •

The Compounding Tortoise

Q2 2025 - AutoZone

Accelerated market share gains at the expense of Advance Auto

Mar 4 •

The Compounding Tortoise

Q4 and FY 2024 - Topicus.com

Excellent cash flow, profitability, and solid M&A pipeline for FY25

Feb 27 •

The Compounding Tortoise

What Do The Home Depot and Lowe's Earnings Mean for Our Portfolio?

There's a far superior investment to benefit from larger remodeling activity

Feb 26 •

The Compounding Tortoise

FY24 - Sanlorenzo - Preliminary Results

In line with the updated November guidance - attractive growth levers for FY25 and beyond

Feb 17 •

The Compounding Tortoise

Q4 and FY 2024 - Hermès Int'l

Crushing sales expectations in Q4 - CFO downplays near-term margin expansion expectations

Feb 14 •

The Compounding Tortoise

Q4 and FY 2024 - Harvia Plc - Full Analysis

Revenue growth exceeding expectations widely; EBIT pressured by one-time growth expenses and unfavorable product mix

Feb 13 •

The Compounding Tortoise

Preview Q4 - Harvia: Combining Organic Growth with Successful M&A

Underlying momentum should continue into FY25 and beyond

Feb 12 •

The Compounding Tortoise

Q4/FY 2024 - O'Reilly Auto - Full Analysis

Management set the bar low for FY25; buyback accretion inversely correlated with the stock's valuation

Feb 6 •

The Compounding Tortoise

Q4/FY 2024 - Linde Plc - Full Analysis

"Here at Linde, we are often imitated, but never duplicated." - FY25 should capitalize on several growth levers

Feb 6 •

The Compounding Tortoise

Q4/FY 2024 - Ferrari - Full Analysis

Exceeding all targets provided last November; FY25 outlook looks overly conservative

Feb 4 •

The Compounding Tortoise

Topicus Set to Become Largest Shareholder in Asseco Poland S.A.

Bringing total investment to ∼ 418m EUR; mid-teens percent levered IRR likely (on a 10-year basis)

Feb 3 •

The Compounding Tortoise

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