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Analyst
Ryan Cooke
Period: Reporting periods mapped to calendar 2025 Q1 – 2025 Q2 (2 quarters).
- Questions
- 6on tracked calls
- Challenge rate
- 0%none of 6 questionsLimited sample
- Companies
- 3questioned at least once
- Reporting periods
- 2with 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 6 of 6 questions from 3 companies
FASTFastenal2 questions · 1 reporting period · 0 of 2 challenging
Calendar 2025 Q1
it does sound like you expect to be leveraging SG&A in the remaining quarters
Show response
Holden clarified freight impact was from fleet pickup cycling, not expedited shipments. Comp gets easier in Q2/Q4. At 5% DSR growth, they were close to sustaining operating margin and would have leveraged SG&A.
how do you think about the disaggregation between manufacturing versus the nonmanufacturing locations?
Show response
Holden said distinction is services utilized not end market. Dan highlighted success with K-12 school districts (from fewer than 5 Onsites pre-COVID to about 5% of 600 large districts) and warehousing/e-commerce customers.
FERGFerguson plc2 questions · 1 reporting period · 0 of 2 challenging
Calendar 2025 Q2
Could you maybe share how much of that would be organic? And then secondly, on branch conversions
Show response
Murphy said the vast majority of HVAC's 10% growth was organic (~1 point acquisition), with runway from counter conversions, new markets and equipment-line access.
Can you just give us some detail on maybe the time line of realizing those benefits?
Show response
Brundage said the $68M charge (~$41M severance) cut about 800 positions, is largely complete with nothing material left in Q4, and expects a return to SG&A leverage.
GWWW. W. Grainger2 questions · 1 reporting period · 0 of 2 challenging
Calendar 2025 Q1
I'm curious if there's been any push and pull between HTS and EA coming out of the quarter, and also if you could just help parse out price versus volume
Show response
Dee explained multiple offsetting factors kept guide unchanged: EA overperformance offset by potential price/demand trade-off and conservative market assumption.
I know government's a chunky exposure for you, so are we still seeing kind of no impact from DOGE or stimulus rollback
Show response
DG noted government was relatively weak early; aerospace very strong. Mix of sub-segment movements but nothing dramatic overall.
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 |
|---|---|---|
| FAST Fastenal | 2 | —Rate withheld: fewer than 3 questions |
| FERG Ferguson plc | 2 | —Rate withheld: fewer than 3 questions |
| GWW W. W. Grainger | 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 |
|---|---|---|---|
| 2025 Q1 | 4 | 0%none of 4 questions | 2 |
| 2025 Q2 | 2 | 0%none of 2 questions | 1 |
- 2025 Q14 questions · challenge rate 0% (none of 4 questions) · 2 companies
- 2025 Q22 questions · challenge rate 0% (none of 2 questions) · 1 company
Topics
Topics tagged on this analyst’s questions.
- Revenue Growth3
- Cost Pressure2
- Margin2
- Geographic Expansion1
- Competitive Dynamics1
- Pricing1
- Demand1
- Regulation Policy1