Compass Point Reaffirms Their Hold Rating on American Express (AXP)
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According to TipRanks, Rochester is a 5-star analyst with an average return of 10.0% and a 65.56% success rate.
In addition to Compass Point, American Express also received a Hold from Monness's Gustavo Gala in a report issued today. However, on the same day, William Blair reiterated a Buy rating on American Express (NYSE: AXP).
The company has a one-year high of $329.14 and a one-year low of $220.43. Currently, American Express has an average volume of 2.74M.
Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AXP in relation to earlier this year. Most recently, in May 2025, Rafael Marquez, the President of AXP sold 12,000.00 shares for a total of $3,563,160.00.
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Business Wire
25 minutes ago
- Business Wire
Packaging Corporation of America Reports Second Quarter 2025 Results
LAKE FOREST, Ill.--(BUSINESS WIRE)--Packaging Corporation of America (NYSE: PKG) today reported second quarter 2025 net income of $242 million, or $2.67 per share, and net income of $224 million, or $2.48 per share, excluding special items. Second quarter net sales were $2.2 billion in 2025 and $2.1 billion in 2024. (1) For descriptions and amounts of our special items, see the schedules with this release. (2) Diluted EPS excluding Special Items is a non-GAAP financial measure. For information regarding our use of non-GAAP financial measures and descriptions and amounts of our special items, see the schedules with this release. (3) Amounts may not foot due to rounding. Expand Reported earnings in the second quarter of 2025 include special items primarily for gains from the sale of real estate in connection with the disposal of corrugated products facilities that were previously closed, partially offset by costs related to the pending Greif containerboard business acquisition. Excluding special items, the $.28 per share increase in second quarter 2025 earnings compared to the second quarter of 2024 was driven primarily by higher prices and mix in the Packaging segment $.98, lower fiber costs $.13, higher prices and mix in the Paper segment $.04 and lower tax rate $.02. These items were partially offset by higher operating costs ($.30), higher maintenance outage expense ($.21), lower production and export sales volume in the Packaging Segment ($.13), higher depreciation expense ($.10), higher fixed and other expense ($.09), lower volume in the Paper segment ($.02), higher freight expense ($.02) and higher interest expense ($.02). Results were $.07 above second quarter guidance of $2.41 per share primarily due to lower operating costs and fiber costs. Financial information by segment is summarized below and in the schedules with this release. (1) Segment operating income (loss) excluding special items and EBITDA excluding special items are non-GAAP financial measures. We provide information regarding our use of non-GAAP financial measures and reconciliations of historical non-GAAP financial measures presented in this press release to the most comparable measure reported in accordance with GAAP in the schedules to this press release. Expand In the Packaging segment, total corrugated products shipments were up 1.7% per day and flat overall compared to the second quarter of 2024, with one additional workday in 2024. Containerboard production was 1,195,000 tons, and containerboard inventory was up 38,000 tons from the end of the second quarter of 2024 and down 17,000 tons compared to the end of the first quarter of 2025. In the Paper segment, sales volume was down 5% from the second quarter of 2024 and 7% compared to the first quarter of 2025. Commenting on reported results, Mark W. Kowlzan, Chairman and CEO, said, 'We operated very well during the quarter, delivering strong earnings and cash flows as well as higher margins in the Packaging segment. Pricing in the Packaging segment was consistent with expectations as we fully realized our earlier announced price increases. Despite cautious ordering patterns from customers, corrugated products volume was solid and steady throughout the quarter, with per day shipments exceeding the second quarter of 2024 and the first quarter of 2025. As expected, export containerboard sales were lower. We ran our containerboard mills to meet demand and drew down inventory to end at targeted levels. The Paper segment delivered another profitable quarter with strong margin performance, as we realized our earlier price increases. We continued to successfully manage costs across all of our operations, executing our capital projects and efficiency initiatives, which have helped offset inflation.' 'Looking ahead as we move from the second and into the third quarter,' Mr. Kowlzan added, 'while our corrugated products customers have remained cautious into July as economic uncertainty persists, we expect higher corrugated shipments, which will drive increased containerboard production. Export containerboard sales will be lower due to the effects of the global trade environment. We will build some containerboard inventory ahead of our fourth quarter maintenance outage at the DeRidder mill. We expect prices and mix in the Packaging segment to be relatively flat. We also expect flat pricing in the Paper segment and expect production and sales to increase with the International Falls mill outage completed in the second quarter and seasonal back-to-school orders. We have no scheduled maintenance outages during the third quarter and expect maintenance outage expense to be lower. Freight costs will be higher with the full effect of rail rate increases at our mills. Operating costs will be near second quarter levels and fiber costs will be slightly lower. Considering these items, we expect third quarter earnings of $2.80 per share, excluding special items. Our guidance does not include any possible impact from the pending acquisition of the Greif containerboard business, which is subject to satisfaction of certain conditions, including regulatory approval.' We present our earnings expectation for the upcoming quarter excluding special items as special items are difficult to predict and quantify and may reflect the effect of future events. We expect to incur acquisition and integration related costs for our pending acquisition of the Greif containerboard business during the third quarter; however, additional special items may arise due to third quarter events. PCA is the third largest producer of containerboard products and a leading producer of uncoated freesheet paper in North America. PCA operates eight mills and 85 corrugated products plants and related facilities. Some of the statements in this press release are forward-looking statements. Forward-looking statements include statements about our future earnings and financial condition, expected benefits from acquisitions and restructuring activities, our industry and our business strategy. Statements that contain words such as 'will', 'should', 'anticipate', 'believe', 'expect', 'intend', 'estimate', 'hope' or similar expressions, are forward-looking statements. These forward-looking statements are based on the current expectations of PCA. Because forward-looking statements involve inherent risks and uncertainties, the plans, actions and actual results of PCA could differ materially. The factors that could cause plans, actions and results to differ materially from PCA's current expectations include the following: the impact of general economic conditions; conditions in the paper and packaging industries, including competition, product demand and product pricing; fluctuations in wood fiber and recycled fiber costs; fluctuations in purchased energy costs; the possibility of unplanned outages or interruptions at our principal facilities; and legislative or regulatory requirements, particularly concerning environmental matters, as well as those identified under Item 1A. Risk Factors in PCA's Annual Report on Form 10-K for the year ended December 31, 2024 filed with the Securities and Exchange Commission and available at the SEC's website at ' '. Packaging Corporation of America Consolidated Earnings Results Unaudited (dollars in millions, except per-share data) Three Months Ended Six Months Ended June 30, June 30, 2025 2024 2025 2024 Net sales $ 2,171.3 $ 2,075.3 $ 4,312.3 $ 4,054.8 Cost of sales (1,688.3 ) (1) (1,637.6 ) (3,374.5 ) (1) (3,246.7 ) (2) Gross profit 483.0 437.7 937.8 808.1 Selling, general, and administrative expenses (153.2 ) (149.5 ) (314.6 ) (301.3 ) Other income (expense), net 3.9 (1) (12.2 ) (2) (9.2 ) (1) (34.8 ) (2) Income from operations 333.7 276.0 614.0 472.0 Non-operating pension income - 1.1 - 2.2 Interest expense, net (13.1 ) (10.4 ) (26.0 ) (19.9 ) Income before taxes 320.6 266.7 588.0 454.3 Provision for income taxes (79.1 ) (67.8 ) (142.7 ) (108.4 ) Net income $ 241.5 $ 198.9 $ 445.3 $ 345.9 Earnings per share: Basic $ 2.68 $ 2.22 $ 4.95 $ 3.86 Diluted $ 2.67 $ 2.21 $ 4.93 $ 3.84 Computation of diluted earnings per share under the two class method: Net income $ 241.5 $ 198.9 $ 445.3 $ 345.9 Less: Distributed and undistributed income available to participating securities (1.6 ) (1.4 ) (3.0 ) (2.5 ) Net income attributable to PCA shareholders $ 239.9 $ 197.5 $ 442.3 $ 343.4 Diluted weighted average shares outstanding 89.7 89.5 89.7 89.5 Diluted earnings per share $ 2.67 $ 2.21 $ 4.93 $ 3.84 Supplemental financial information: Capital spending $ 169.7 $ 245.0 $ 317.8 $ 321.7 Cash, cash equivalents, and marketable debt securities $ 955.9 $ 1,172.8 $ 955.9 $ 1,172.8 Expand (1) The three and six months ended June 30, 2025 include the following: a. $24.6 million and $18.8 million, respectively, of income related to gains on sales of corrugated products facilities, partially offset by closure costs related to corrugated products facilities. These items were recorded in 'Cost of sales' and 'Other expense, net', as appropriate. b. $1.6 million of charges related to the announced Greif, Inc. acquisition, which were recorded in 'Other expense, net.' (2) The three and six months ended June 30, 2024 include the following: a. $0.6 million of income and $9.7 million of charges, respectively, related to the announced discontinuation of production of uncoated freesheet paper grades on the No. 3 machine at the Jackson, Alabama mill associated with the permanent conversion of the machine to produce linerboard and other paper-to-containerboard conversion related activities. The costs were recorded in 'Cost of sales' and 'Other expense, net', as appropriate. b. $0.1 million of charges consisting of closure costs related to corrugated products facilities. For the six months ended June 30, 2024, these charges were completely offset by $0.1 million of income primarily related to a favorable lease buyout for a closed corrugated products facility during the first quarter of 2024. These items were recorded in "Cost of sales" and "Other expense, net", as appropriate. Expand Packaging Corporation of America Segment Information Unaudited (dollars in millions) Three Months Ended Six Months Ended June 30, June 30, 2025 2024 2025 2024 Segment sales Packaging $ 2,005.9 $ 1,908.3 $ 3,976.3 $ 3,706.5 Paper 145.8 150.1 300.0 313.9 Corporate and Other 19.6 16.9 36.0 34.4 $ 2,171.3 $ 2,075.3 $ 4,312.3 $ 4,054.8 Segment operating income (loss) Packaging $ 346.3 $ 279.8 $ 624.4 $ 483.6 Paper 25.8 26.7 61.4 56.4 Corporate and Other (38.4 ) (30.5 ) (71.8 ) (68.0 ) Income from operations 333.7 276.0 614.0 472.0 Non-operating pension income - 1.1 - 2.2 Interest expense, net (13.1 ) (10.4 ) (26.0 ) (19.9 ) Income before taxes $ 320.6 $ 266.7 $ 588.0 $ 454.3 Segment operating income (loss) excluding special items (1) Packaging $ 321.7 $ 279.9 $ 605.6 $ 487.5 Paper 25.8 26.1 61.4 62.2 Corporate and Other (36.8 ) (30.5 ) (70.2 ) (68.0 ) $ 310.7 $ 275.5 $ 596.8 $ 481.7 EBITDA excluding special items (1) Packaging $ 452.9 $ 400.0 $ 862.1 $ 726.2 Paper 30.3 30.6 70.5 71.2 Corporate and Other (32.4 ) (26.6 ) (60.8 ) (60.2 ) $ 450.8 $ 404.0 $ 871.8 $ 737.2 Expand (1) Income (loss) from operations excluding special items, segment operating income (loss) excluding special items, earnings before non-operating pension income, interest, income taxes, and depreciation, amortization, and depletion (EBITDA), segment EBITDA, EBITDA excluding special items, and segment EBITDA excluding special items are non-GAAP financial measures. Management excludes special items as it believes these items are not necessarily reflective of the ongoing results of operations of our business. We present these measures because they provide a means to evaluate the performance of our segments and our company on an ongoing basis using the same measures that are used by our management, because these measures assist in providing a meaningful comparison between periods presented and because these measures are frequently used by investors and other interested parties in the evaluation of companies and the performance of their segments. The tables included in "Reconciliation of Non-GAAP Financial Measures" on the following pages reconcile the non-GAAP measures with the most directly comparable GAAP measures. Any analysis of non-GAAP financial measures should be done only in conjunction with results presented in accordance with GAAP. The non-GAAP measures are not intended to be substitutes for GAAP financial measures and should not be used as such. Expand (1) See footnote (1) on page 2, for a discussion of non-GAAP financial measures. Expand Packaging Corporation of America Reconciliation of Non-GAAP Financial Measures Unaudited (dollars in millions) Net Income Excluding Special Items and EPS Excluding Special Items (1) Three Months Ended June 30, 2025 2024 Income before taxes Income Taxes Net Income Diluted EPS Income before taxes Income Taxes Net Income Diluted EPS As reported in accordance with GAAP $ 320.6 $ (79.1 ) $ 241.5 $ 2.67 $ 266.7 $ (67.8 ) $ 198.9 $ 2.21 Special items (2): Facilities closure and other (income) costs (24.6 ) 6.1 (18.5 ) (0.20 ) 0.1 - 0.1 - Acquisition and integration-related costs 1.6 (0.4 ) 1.2 0.01 - - - - Jackson mill conversion-related activities - - - - (0.6 ) 0.2 (0.4 ) - Total special items (23.0 ) 5.7 (17.3 ) (0.19 ) (0.5 ) 0.2 (0.3 ) - Excluding special items $ 297.6 $ (73.4 ) $ 224.2 $ 2.48 $ 266.2 $ (67.6 ) $ 198.6 $ 2.20 (3) Six Months Ended June 30, 2025 2024 Income before taxes Income Taxes Net Income Diluted EPS Income before taxes Income Taxes Net Income Diluted EPS As reported in accordance with GAAP $ 588.0 $ (142.7 ) $ 445.3 $ 4.93 $ 454.3 $ (108.4 ) $ 345.9 $ 3.84 Special items (2): Facilities closure and other income (18.8 ) 4.7 (14.1 ) (0.15 ) - - - - Acquisition and integration-related costs 1.6 (0.4 ) 1.2 0.01 - - - - Jackson mill conversion-related activities - - - - 9.7 (2.4 ) 7.3 0.08 Total special items (17.2 ) 4.3 (12.9 ) (0.14 ) 9.7 (2.4 ) 7.3 0.08 Excluding special items $ 570.8 $ (138.4 ) $ 432.4 $ 4.79 $ 464.0 $ (110.8 ) $ 353.2 $ 3.92 Expand (1) Net income excluding special items and earnings per share excluding special items are non-GAAP financial measures. Management excludes special items as it believes these items are not necessarily reflective of the ongoing results of operations of our business. We present these measures because they provide a means to evaluate the performance of our company on an ongoing basis using the same measures that are used by our management, because these measures assist in providing a meaningful comparison between periods presented and because these measures are frequently used by investors and other interested parties in the evaluation of companies and their performance. Any analysis of non-GAAP financial measures should be done only in conjunction with results presented in accordance with GAAP. The non-GAAP measures are not intended to be substitutes for GAAP financial measures and should not be used as such. (2) Pre-tax special items are tax-effected at a combined federal and state income tax rate in effect for the period the special items were recorded and this rate is adjusted for each subsequent quarter to be consistent with the estimated annual effective tax rate, in accordance with ASC 270, Interim Reporting, and ASC 740-270, Income Taxes – Intra Period Tax Allocation. For all periods presented, income taxes on pre-tax special items represent the current amount of tax. For more information related to these items, see the footnotes to the Consolidated Earnings Results on page 1. (3) Amount may not foot due to rounding. Expand Packaging Corporation of America Reconciliation of Non-GAAP Financial Measures Unaudited (dollars in millions) EBITDA and EBITDA Excluding Special Items (1) EBITDA represents income before non-operating pension income, interest, income taxes, and depreciation, amortization, and depletion. The following table reconciles net income to EBITDA and EBITDA excluding special items: Three Months Ended Six Months Ended June 30, June 30, 2025 2024 2025 2024 Net income $ 241.5 $ 198.9 $ 445.3 $ 345.9 Non-operating pension income - (1.1 ) - (2.2 ) Interest expense, net 13.1 10.4 26.0 19.9 Provision for income taxes 79.1 67.8 142.7 108.4 Depreciation, amortization, and depletion 140.7 128.5 278.6 256.9 EBITDA (1) $ 474.4 $ 404.5 $ 892.6 $ 728.9 Special items: Facilities closure and other (income) costs (25.2 ) 0.1 (22.4 ) - Acquisition and integration-related costs 1.6 - 1.6 - Jackson mill conversion-related activities - (0.6 ) - 8.3 EBITDA excluding special items (1) $ 450.8 $ 404.0 $ 871.8 $ 737.2 Expand (1) See footnote (1) on page 2, for a discussion of non-GAAP financial measures. Expand Packaging Corporation of America Reconciliation of Non-GAAP Financial Measures Unaudited (dollars in millions) The following table reconciles segment operating income (loss) to segment EBITDA and segment EBITDA excluding special items: Three Months Ended Six Months Ended June 30, June 30, 2025 2024 2025 2024 Packaging Segment operating income $ 346.3 $ 279.8 $ 624.4 $ 483.6 Depreciation, amortization, and depletion 131.8 120.1 260.1 238.6 EBITDA (1) 478.1 399.9 884.5 722.2 Facilities closure and other (income) costs (25.2 ) 0.1 (22.4 ) - Jackson mill conversion-related activities - - - 4.0 EBITDA excluding special items (1) $ 452.9 $ 400.0 $ 862.1 $ 726.2 Paper Segment operating income $ 25.8 $ 26.7 $ 61.4 $ 56.4 Depreciation, amortization, and depletion 4.5 4.5 9.1 10.5 EBITDA (1) 30.3 31.2 70.5 66.9 Jackson mill conversion-related activities - (0.6 ) - 4.3 EBITDA excluding special items (1) $ 30.3 $ 30.6 $ 70.5 $ 71.2 Corporate and Other Segment operating loss $ (38.4 ) $ (30.5 ) $ (71.8 ) $ (68.0 ) Depreciation, amortization, and depletion 4.4 3.9 9.4 7.8 EBITDA (1) (34.0 ) (26.6 ) (62.4 ) (60.2 ) Acquisition and integration-related costs 1.6 - 1.6 - EBITDA excluding special items (1) $ (32.4 ) $ (26.6 ) $ (60.8 ) $ (60.2 ) EBITDA excluding special items (1) $ 450.8 $ 404.0 $ 871.8 $ 737.2 Expand (1) See footnote (1) on page 2, for a discussion of non-GAAP financial measures. Expand
Forbes
26 minutes ago
- Forbes
Smart Home Technology Reimagined: The Future Is So Much Smarter
RIoT Technology is able to track home performance to better inform builders and homeowners about ... More what offers the best return on investment. Smart home technology has been evolving rapidly, driven by consumer expectations. While the technology has advanced, the ecosystem has remained clunky—and understandably so. With disjointed products and services, it has been easy for builders to leave smart technology integration up to the homeowner as an aftermarket consideration. Hundreds of competing manufacturers have exacerbated compatibility issues, wiring and infrastructure requirements vary across products, and integration and interoperability are complex. Since consumers can buy the latest gadgets online and install them themselves, it has been easy for builders to step aside entirely. Hitting Reset On Smart Home Tech The goal of any smart home system is to create a cohesive program where everything works in harmony, delivering a seamless experience for the homeowner, which is a far cry from what most consumers can do on their own or from what builders can deliver. Brian McCarthy, co-owner of Abrazo Homes, has built more than 200 homes annually in Albuquerque for the past fifteen years. Attuned to consumer trends, he recognized the growing demand for connected, automated homes, but he also saw the inherent difficulties. After conducting extensive research focused on simplifying smart technology integration and extracting useful insights, he launched RIoT Technology, a startup dedicated to integrated residential technology. Today, 60 homes are online with RIoT. His approach to winning over builders reluctant to complicate their processes was to develop a preconfigured smart home kit complete with sensors, valves, and devices. Builders could use the same installation processes and subcontractors without having to learn complex systems—yet still deliver a smart home. The kit removes the intimidation factor of selecting or learning new technology. 'The installation process was very simple and seamlessly integrated into the construction of the home,' said Ryan Hillgartner, director of marketing at Tim O'Brien Homes that has installed RIoT in multiple homes. 'Each individual trade was given an easy-to-understand how-to guide for their respective installations that required minimal onsite guidance. Once all components were installed, the setup process with the home's WiFi was made simple by both the how-to-guide, and the team at Abrazo providing on-the-spot assistance. Many of our trades voiced being impressed at how easy these smart home technologies were to install, especially compared to other smart home technology products.' Then comes the real intelligence. Once it is installed, RIoT connects the system to the internet, giving homeowners the ability to monitor leaks, weatherization, energy use, air quality, and other essential operations via an in-home kiosk. Installing these features during construction—rather than after—offers distinct advantages. For instance, the kit separates internal and external plumbing, allowing users to shut off external systems before the first freeze, which is difficult to retrofit. This feature alone helps builders avoid having to fix bursting pipes, which is one of the most common warranty claims according to McCarthy. The RIoT system goes beyond calendar-based preventative tips. By using its sensors, it can detect when a filter actually needs to be changed—by sensing pressure drops from a dirty filter. When that happens, McCarthy simply ships a new filter to the homeowner. This addresses a commonly missed maintenance task and benefits both builder and buyer. The builder avoids warranty issues, while a clean filter means a homeowner can save up to 15 percent on monthly energy bills, according to Constellation Energy. McCarthy adds that not having a clean dryer vent means the dryer uses up to 15 percent more power, which is another routine maintenance issue that can be monitored by RIoT. 'We wanted to find ways to prevent a furnace filter from dangerously reducing airflow due to neglect, so employing RIoT's filter life monitor has given us that ability with alerts to gently push homeowners to perform this important maintenance task," said Hillgartner. "These features not only provide peace of mind to homeowners, but also to us as a builder that this home will be well maintained, preventing callbacks.' Tim O'Brien Homes is using the live monitoring to watch indoor air particulates, temperature, and relative humidity to see how its homes perform in the local climate using real performance data from multiple points in the home that offer better understanding of the mechanical systems and building enclosure's ability to manage temperature and moisture swings. It also tracks onsite solar production and battery storage, plus uses the system with leak detection equipment in the main plumbing line of the home. Now Come the Brains of the Smart Home A user dashboard shows home performance in each area of the home over time so the user can make ... More adjustments for more efficiency. Utility companies measure power usage, but they don't evaluate how that power is used inside the home. McCarthy is working to change that. Data from RIoT can track home temperature relative to weather forecasts and the building envelope. It can also detect if an ERV (Energy Recovery Ventilator) has failed, shut off, or stopped—issues that can quickly compromise indoor air quality. While airtight construction improves performance, it also increases risk for builders. RIoT's data-driven approach helps quantify ERV performance, offering insights into both its necessity and return on investment for builders and homeowners alike. Smart systems like these also reduce warranty expenses by proactively managing the monitored systems. A report earlier this year showed that publicly traded homebuilders spend $1 billion each quarter on warranty costs. New data from RIoT could make both homebuyers and builders significantly smarter, in a proactive sense to make smarter design choices and to avoid warranty and insurance issues. 'For instance, the standard insulation is R-49 in the attic, but in the design center, we can offer R-60 for future energy savings,' McCarthy said. 'Today, a homeowner chooses the upgrade based on trust and marketing. The customer doesn't know if it's worth it.' Again, that's about to change. The system will be able to analyze data from hundreds of homes to calculate the financial breakeven point between R-49 and R-60 insulation, providing data-driven insights for more informed decisions—and improved energy efficiency. This analysis can also apply to other features like windows, HVAC systems, and refrigerators. Lance Manlove serves as the director of innovation at Delaware-based homebuilder Schell Brothers that developed a proprietary software platform called Heartbeat that runs all operations in the company from the website to warranty to sales. The builder focuses on technology and wanted to integrate its own system with a platform capable of data acquisition. Schell is installing the RIoT system into employee homes that are under construction to see what can be done with the empirical data. Instead of the homeowner changing air filters every six months just based on a rule of thumb, they will be able to monitor the air flow and order one when there is only 80 percent airflow through the filter. Manlove will use APIs to hook into RIoT allowing the company to explore the performance of windows, insulation, and other products, and to pool data to better understand the efficiencies. Tim O'Brien Homes is looking forward to collecting data from multiple homes to identify areas for improvement, such as poor distribution of conditioned and filtered air and understanding how the outdoor environment impacts the indoors. Credible Smart Home Sustainability For years, Energy Star has helped consumers identify efficient appliances and products, but now the program faces potential elimination. 'The implications of losing Energy Star could make systems like RIoT even more important,' McCarthy said. 'All manufacturers are trying to create more efficient products, but without Energy Star, how can consumers make informed decisions without a data-driven approach to scoring appliances and building materials?' Smart home tracking systems could also support the country's aging energy grid. McCarthy notes that California's grid is only stressed on five days per year and typically has excess capacity. However, peak demand on hot days can strain the system. 'Heating and cooling are the biggest consumers of electricity,' he said. 'There's enough power in the world—just not always at the right place at the right time.' Currently, millions of programmable thermostats are on the market, but most aren't tailored to actual homeowner usage patterns. This means many systems heat and cool unnecessarily because there's no data to optimize the process. RIoT interprets in-home data, aligns it with usage patterns, and allocates energy accordingly. It can even push power profiles and efficiency recommendations to the homeowner, shifting energy use to off-peak hours and offering tips to boost efficiency. The platform also allows manufacturers to integrate their devices, enabling connected systems throughout the home to contribute to valuable data insights. For example, the dryer could communicate with the power meter to understand total consumption and usage timing. 'It's part of our vision that in the future, appliances like the air conditioner and dryer will talk to each other to be more efficient,' McCarthy said. 'Most utilities are moving toward time-of-use billing, with costs rising up to 700 percent during peak hours from 4 to 7 p.m. If we reduce consumption during those hours, we can deliver cost savings.' Future Smart Home Tech Goes Healthy Smart home technology is also evolving to support personal health. Since we spend 70% of our time indoors, systems that monitor air quality, lighting, humidity, and water usage can have significant health impacts. 'There are more than 50 versions of bottled water, and a lot of attention has gone into what we put in our bodies—but little into the air we breathe,' McCarthy said. 'As homes become tighter, we need to monitor air quality and understand its effects on sleep, energy, and wellness. In this context, an ERV or HRV becomes one of the most important systems in a new home.' McCarthy hopes to track indoor air quality with wearable devices and correlate that data with environmental changes and health outcomes. He envisions a future where these metrics are available and actionable. "We are constantly exploring various technologies and WiFi-enabled devices to make operating our high performance homes easy for the homeowner,' Hillgartner said. 'Working with RIoT has been another leap forward into the world of smart home technology with a higher level focus on health and comfort, and we will continue to enhance our portfolio with their help.' Manlove envisions insurance benefits as well. If an insurance company could see the active monitoring of systems, there could be potential to lower rates. The active monitoring is critical, because while a system might be in place, maintenance to make sure the system is functioning properly has to take place, like replacing filters and batteries. Other home builders, like Las Vegas-based LIVV Homes, are bringing smart home technology into the home experience in different ways, such as with digital twins. Smart home systems have been disconnected and elementary until now. Data from the homes that are being installed with RIoT will help the industry reimagine the possibilities.
Business Wire
29 minutes ago
- Business Wire
Traeger Announces Reporting Date for Second Quarter Fiscal 2025 Financial Results
SALT LAKE CITY--(BUSINESS WIRE)--Traeger, Inc. ('Traeger') (NYSE: COOK), creator and category leader of the wood pellet grill, today announced that it will release its second quarter fiscal 2025 financial results after market close on Wednesday, August 6, 2025. Management will host a conference call at 4:30 p.m. Eastern Time to discuss its financial results. Those who wish to participate in the call may do so by dialing (833) 470-1428 or +1 (404) 975-4839 for international callers, conference ID 399638. To pre-register for the conference call, please visit Traeger Second Quarter Fiscal 2025 Earnings Conference Call. The conference call will also be webcast live at For those unable to participate, a replay of the conference call will be available approximately two hours after the conclusion of the call until Wednesday, August 20, 2025. To access the telephone replay please dial (866) 813-9403, conference ID 534836. A replay of the webcast will also be available approximately two hours after the conclusion of the call on Traeger's website at The replay will be available on Traeger's website for approximately one year following the call. ABOUT TRAEGER GRILLS® Traeger Grills, headquartered in Salt Lake City, is the creator and category leader of the wood pellet grill, an outdoor cooking system that ignites all-natural hardwoods to grill, smoke, bake, roast, braise, and barbecue. After 35 years, Traeger entered the griddle category further establishing its leadership position in the outdoor cooking space by introducing innovative alternatives to griddle, sear, fry, steam, sauté and more, all in one place. The grills are versatile and easy to use, empowering cooks of all skill sets to create delicious meals with flavor that cannot be replicated. Grills are at the core of Traeger's platform and are complemented by Traeger wood pellets, rubs, sauces, and accessories.
