As earnings season comes to a close, we’ve seen a mix of results and guidance from various companies across different sectors. While some companies exceeded expectations, others fell short, and some even lowered their guidance. Here’s a roundup of the key takeaways from the recent earnings releases:

* Guidewire (GW): Q3 EPS $0.12 in line with consensus on better revenue $278mm vs. $275mm. EBITDA came in below $65mm vs. $68mm. Full-year guidance narrowed $0.50-0.54 vs. $0.48-0.55 on revenue growth of 24-25% vs. 22-24% prior. EBITDA $285-292mm vs. $285-300mm prior and FCF $170-185mm vs. $155-175mm prior.
* General Dynamics (GD): Q3 EPS $2.54 ahead of $2.43 consensus. Revenue missed $1.29bn vs. $1.32bn. EBITDA small beat $256mm vs. $253mm. Reaffirms revenue growth and raises margin guidance to high end 20.5-21% vs. 20-21% prior. Call at 10am with an 8% implied move.
* Southwest Airlines (LUV): Q3 EBITDA miss $1.21bn vs. $1.3bn on revenue that missed $8.16bn vs. $8.26bn. EPS below $0.45 vs. $0.57. Now sees EBITDA for the year about $4.7bn vs. $5-5.3bn prior. Call at 7:30am with a 6% implied move.
* Caterpillar (CAT): Q3 EPS $2.15 vs cons $2.18 on operating revenue of $6.85bn vs cons $6.82bn. Reaffirms 2026 guidance – still sees FY total revenue of $26.28-$26.48bn vs cons $26.43bn. Still sees FY adj op EBITDA $8.15-$8.25bn. Call at 10am with a 3% implied move.
* Charles River Laboratories (CRL): beat $1.80 vs. $1.75 on big topline $5.4bn vs. $4.93bn. Gross profit ahead $808mm vs. $774mm. Call at 8:30am with a 7% implied move.
* Olin (OLN): Q3 EPS loss of 9c vs. $0.16 positive consensus on revenue that came in below $1.62bn vs. $1.64bn. EBITDA miss $234mm vs. $263mm. Full-year guidance lowered $925-950mm vs. $1-1.1bn prior midpoint. Energy and freight inflation, softer demand, pace of recovery in Europe. Big FCF guidance down $300mm burn vs. $100mm burn prior midpoint. Call at 8am with a 16% implied move.
* Lindsay (LNN): Q3 EPS $6.84 below consensus of $7.36 on revenue of $1.57bn vs cons $1.58bn. For FY, lowers EPS guidance to $21-$21.50 vs prior $23-$24 and cons $233.36. Lowered revenue growth guidance to ~+6% y/y vs prior guidance ~+8% and cons +7.5%. “We are retooling our processes to more effectively pass through cost increases while accelerating productivity.” Call at 9:30am.

Overall, the results and guidance from these companies suggest a mixed bag of performance, with some companies exceeding expectations while others fell short. The impact of inflation, softer demand, and the pace of recovery in Europe were common themes across the earnings releases.