Sign in

    Mike Halloran • Robert W. Baird & Co. Incorporated

    Mike Halloran's questions to Crane NXT Co (CXT) leadership

    Mike Halloran's questions to Crane NXT Co (CXT) leadership • Q2 2025

    Question

    Pez on behalf of Mike Halloran from Robert W. Baird & Co. Incorporated asked for details on the drivers of margin phasing in the second half and for an update on the M&A funnel, including how acquisition opportunities have evolved.

    Answer

    President & CEO Aaron Saak and SVP & CFO Christina Cristiano detailed the margin drivers. For CPI, H2 margins will benefit from a mix shift towards higher-margin gaming sales. For SAT, margins will accrete due to accelerated synergies from the De La Rue integration and normal seasonality. Regarding M&A, Aaron Saak expressed confidence in closing another deal within a year, noting the funnel is the healthiest it's been and that recent acquisitions have opened new adjacencies like ID verification.

    Ask Fintool Equity Research AI

    Mike Halloran's questions to Hayward Holdings Inc (HAYW) leadership

    Mike Halloran's questions to Hayward Holdings Inc (HAYW) leadership • Q2 2025

    Question

    An analyst from Baird, speaking for Mike Halloran, asked about the performance of the commercial business, specifically the pull-through of legacy Hayward products with ClorKing customers. The second question concerned the M&A pipeline and capital allocation priorities given the healthy balance sheet.

    Answer

    President and CEO Kevin Holleran expressed excitement about the commercial business, which has doubled in size since the ClorKing acquisition, with meaningful organic growth as well. He stated the goal is for commercial to become a double-digit percentage of the overall mix. On capital allocation, Holleran prioritized organic growth investments first, followed by M&A, noting a healthy pipeline of opportunities. SVP & CFO Eifion Jones added that the strong balance sheet and cash flow also allow for shareholder returns, referencing the new $450 million share repurchase authorization.

    Ask Fintool Equity Research AI

    Mike Halloran's questions to Watts Water Technologies Inc (WTS) leadership

    Mike Halloran's questions to Watts Water Technologies Inc (WTS) leadership • Q3 2024

    Question

    An analyst, on behalf of Mike Halloran, asked about the sales process for the new Nexa SaaS platform, customer adoption, and whether field testing has revealed new areas for future organic or M&A investment.

    Answer

    CEO Robert Pagano described the Nexa sales process as different from traditional sales, focusing on solving specific customer problems through strategic accounts and demonstrating value with a payback of less than one year in pilot programs. He confirmed that learnings from Nexa are informing new product development and helping sell core products. CFO Shashank Patel added that learnings from existing leak detection platforms were integrated into Nexa.

    Ask Fintool Equity Research AI