Sign in

    Katie Fleischer • KeyBanc Capital Markets

    Katie Fleischer's questions to Emerson Electric Co (EMR) leadership

    Katie Fleischer's questions to Emerson Electric Co (EMR) leadership • Q2 2025

    Question

    Katie Fleischer, on for Ken Newman of KeyBanc Capital Markets, asked for clarification on how accelerating orders in Q2 and Q3 translate to sales expectations for the second half. She also requested an update on the strategic project funnel, which was not detailed in the slide deck.

    Answer

    CEO Surendralal Karsanbhai explained that the observed order acceleration directly supports the company's plan for sales acceleration in the second half, which is necessary to achieve the full-year underlying sales growth target of approximately 4%. He also provided the latest figures for the project funnel, stating it stands at $11.4 billion, with $375 million in projects awarded during the quarter.

    Ask Fintool Equity Research AI

    Katie Fleischer's questions to WW Grainger Inc (GWW) leadership

    Katie Fleischer's questions to WW Grainger Inc (GWW) leadership • Q1 2025

    Question

    Katie Fleischer asked if Grainger could quantify the amount of price increase requests received from suppliers and estimate how long it would take for those costs to flow through to the P&L.

    Answer

    Chairman and CEO D.G. Macpherson declined to quantify the requests but noted they have been 'all over the map.' He explained that due to existing inventory levels (typically around 3 months), the cost increases will take time to flow through, with a small impact in Q2 but a more noticeable effect beginning in Q3 and beyond.

    Ask Fintool Equity Research AI

    Katie Fleischer's questions to Distribution Solutions Group Inc (DSGR) leadership

    Katie Fleischer's questions to Distribution Solutions Group Inc (DSGR) leadership • Q1 2025

    Question

    Katie Fleischer from KeyBanc Capital Markets asked for more color on the margin outlook for the recently acquired Source Atlantic, particularly how to model the margin compression in upcoming quarters.

    Answer

    Executive Ronald Knutson reiterated the goal of a 10% margin for Source Atlantic, driven by gross margin improvements and facility consolidations. However, he cautioned that top-line pressure in the Canadian market will likely push the achievement of this target into next year. Executive John King added that the largest driver for margin improvement is the consolidation of Source Atlantic's unprofitable greenfield locations into existing Bolt Supply facilities, but the murky Canadian economic backdrop is currently creating top-line headwinds.

    Ask Fintool Equity Research AI

    Katie Fleischer's questions to Cognex Corp (CGNX) leadership

    Katie Fleischer's questions to Cognex Corp (CGNX) leadership • Q4 2024

    Question

    Katie Fleischer, on for Ken Newman, asked how Cognex is positioning for potential tariffs and any margin impacts that could arise if another trade war materializes.

    Answer

    CFO Dennis Fehr stated that based on tariffs announced to date, there is no material direct impact on the company's cost of goods sold. While acknowledging near-term uncertainty as a secondary effect, he emphasized that any significant long-term reshoring trend resulting from trade policy would represent a 'tremendous' market upside for Cognex.

    Ask Fintool Equity Research AI

    Katie Fleischer's questions to MSC Industrial Direct Co Inc (MSM) leadership

    Katie Fleischer's questions to MSC Industrial Direct Co Inc (MSM) leadership • Q4 2024

    Question

    Katie Fleischer of KeyBanc Capital Markets inquired about the company's operating leverage outlook beyond Q1 and the potential for incremental margins upon a macro recovery. She also asked for more detail on the impact from the aerospace strike and the drivers of sales weakness between September and October.

    Answer

    CEO Erik Gershwind expressed confidence in returning to long-term incremental margins of 20% or more, driven by an eventual top-line rebound and normalizing OpEx after fiscal 2025. CFO Kristen Actis-Grande noted aerospace has weakened sequentially. Gershwind added that recent softness is most pronounced in large accounts, independent of hurricane impacts.

    Ask Fintool Equity Research AI