Schwab Network on $VERX (Oct 28, 2026)
VERX posted very strong quarterly results: sales rose 61% YoY and adjusted EPS 78%, with organic growth of 55% the main driver; Americas rose 75% and Apex about 50%, operating profit up 90%, and backlog is rising. The speaker sees VERX as a key player in a very long infrastructure buildout.
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Let's move on to one of the biggest winners this morning. This is Verdev, following its quarterly results. Tell us some of what you have learned from this matter . Yes, as you know, you still see that kind of relative strength here, where the data shows that net sales have already risen by 61% year-over-year, and adjusted earnings per share have risen by about 78% year-over-year.
Their operating margin is around 25.2 %, and they continue to spend capital, but they are also experiencing organic growth of 55% year-on-year. This is actually the main driver.
The Americas sector grew by 75%. The "Apex" sector also grew by about 50%, and its operating profit increased by 90%. So , not only are they seeing revenue growth, but the backlog of orders continues to rise, and this will be a very long transition to building the infrastructure.
They are a key player in this field, and that is why they are achieving very strong results in the quarter that has just been announced.