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Analyst
Judah Aronovitz
Period: Reporting periods mapped to calendar 2024 Q4 – 2025 Q4 (5 quarters; questions recorded in 4).
- Questions
- 5on tracked calls
- Challenge rate
- 20%1 of 5 questionsLimited sample
- Companies
- 2questioned at least once
- Reporting periods
- 4with questions
These figures cover the whole profile: every tracked question, all reporting periods.
How to read these numbers
Challenge rate is the share of questions that pushed back, pressed for specifics or questioned management’s assumptions. It describes how questions were asked on the calls tracked here; it does not measure whether any view turned out to be right.
Rounding. Rates are rounded to whole percentages, so a small share can show as 0% even when some questions were challenging. The count beside each rate is exact; “none of N questions” means no question was challenging.
No questions recorded. “—” means there is nothing to calculate: no questions were recorded for that period on the calls tracked here. It does not mean there was no activity.
Fewer than 3 questions. A company-level rate is withheld when fewer than 3 questions were recorded for that company; the questions are still counted everywhere else.
Small samples. Profiles with fewer than 10 questions are marked Limited sample.
Reporting periods. Questions are grouped by the calendar quarter each company’s fiscal reporting period maps to, not by the date of the call. Periods without a calendar mapping are listed separately under their fiscal label.
Questions asked
Grouped by company, most questions first. Open a company to read its questions, newest reporting period first.
Showing 5 of 5 questions from 2 companies
JJacobs Solutions3 questions · 2 reporting periods · 1 of 3 challenging
Calendar 2025 Q2
Does the backlog growth you've seen over the past few quarters in addition to the pipeline growth support continued double-digit growth?
Show response
Pragada guided PA at high-single-digit constant currency, noting FX tailwind in reported figures. Utilization recovering with selective hiring in Defense, Public Sector, Life Sciences.
the Q4 implies growth, I think, decelerating relative to Q3. I would think that assumes kind of a deceleration in PA
Show response
Nathamuni pushed back on the deceleration narrative, stating Q4 performance should be similar to Q3 with PA holding steady and I&AF continuing momentum.
Calendar 2024 Q4
it sounds like there's some good momentum there. And if that's still kind of the expectation, what's giving you the confidence in that reacceleration?
Show response
Pragada cited diversified blend of water, cities and places, and transportation demand across UK, Australia, Southeast Asia and Middle East as driving international acceleration.
MLMMartin Marietta Materials2 questions · 2 reporting periods · 0 of 2 challenging
Calendar 2025 Q4
Could you just talk about your confidence level in the 5% pricing for '26? You know, is that based on pricing already in place
Show response
Ward confirmed 5% is largely based on January 1 pricing already in place. M&A assets with lower ASPs create optical headwind. Geographic mix (e.g., Q4 East project delays) and product mix (data centers needing base stone at 30% lower ASP) can create quarterly noise. Committed to communicating mix impacts clearly each quarter.
Calendar 2025 Q3
As you sit here today, thinking about '26, I guess what are the biggest uncertainties you have? And how do those questions or uncertainties compared to last year at this time
Show response
Ward outlined multiple positives: IIJA pulling through, state DOTs at attractive levels, heavy nonres growing (data centers, energy, pharma reshoring), and expected H2 2026 housing recovery. On gross profit per ton, Michael directed to 250 bps price-cost spread target from Capital Markets Day as the modeling framework.
Challenge rate by company
Every company this analyst questioned, most questions first. A company-level rate is shown from 3 questions; below that it is withheld.
| Company | Questions | Challenge rate |
|---|---|---|
| J Jacobs Solutions | 3 | 33%1 of 3 questions |
| MLM Martin Marietta Materials | 2 | —Rate withheld: fewer than 3 questions |
Activity by reporting period
Questions recorded for each calendar quarter that companies’ reporting periods map to (not the call date), with the challenge rate for that period. Periods inside the range with no questions are shown as “No questions recorded”.
| Calendar period | Questions | Challenge rate | Companies |
|---|---|---|---|
| 2024 Q4 | 1 | 0%none of 1 question | 1 |
| 2025 Q1 | No questions recorded | — | — |
| 2025 Q2 | 2 | 50%1 of 2 questions | 1 |
| 2025 Q3 | 1 | 0%none of 1 question | 1 |
| 2025 Q4 | 1 | 0%none of 1 question | 1 |
- 2024 Q41 question · challenge rate 0% (none of 1 question) · 1 company
- 2025 Q1No questions recorded
- 2025 Q22 questions · challenge rate 50% (1 of 2 questions) · 1 company
- 2025 Q31 question · challenge rate 0% (none of 1 question) · 1 company
- 2025 Q41 question · challenge rate 0% (none of 1 question) · 1 company
Topics
Topics tagged on this analyst’s questions.
- Revenue Growth2
- Margin2
- Guidance Reliability2
- Pricing1
- M&A1
- Geographic Expansion1
- Demand1