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“That's a trade we're very willing to make, and it results in an uptick for our expected full-year expense ratio, which we now expect to come in a little below 29% for 2026 and about the”

“the private ratings will increase our capital ratings by about a point or so.”

“this this year this quarter after dividend distribution we generated 33 basis points of capital so we know we can we can build that back very quickly”

“We remain focused on investing where we see the best long-term returns while we continue to improve the productivity of the organization and we expect to return to”

“And we've reduced the total firmwide DTAs deducted from CET1 capital by approximately $900 million year-to-date, as U.S. profitability continues to improve.”

“And then when you look at the mix of, you know the 50 billion, you know, our best guess is on the markets NII that it'll be slightly below 2 billion, call it one eight ish.”

“That doesn't mean there won't be bumps, you know, in the quarter ahead.”

“And we, you know, we haven't, I don't think we've disclosed the number, but the first year is probably over 200 already.”

“This is the 24th consecutive quarter of HIC count”

“Including the significant items noted on the page, the firm delivered net income of $16.9 billion, EPS of $6.14, and an ROTC of 23%.”

“In January, we told you to assume an EPS range of $16.10 to $16.50.”

“In the third quarter, we generated MP&E free cash flow of $3.8 billion and deployed $2 billion to shareholders through share repurchases and dividends.”

“And I'm expecting it'll take us into next year to get fully stable at this rate.”

“Growth was strong in all three segments, and we delivered operating profit and margin expansion in our small.”

“And just last week, we announced the expansion of our Grand Prairie, Texas manufacturing footprint to more than 735,000 square feet.”

“And that's why we believe it's a multi-year cycle.”

“And in our fourth quarter call, we'll tighten that range.”

“We continue to see strong momentum in general industrial and safety, with second half growth accelerating to high single digits, above our prior expectations.”

“So Pratt will be a tailwind to RTX's free cash flow over the next three years.”

“We are first in a series of potential approvals for verobenatide in 2028, with planning of our go-to-market strategy well underway.”

“We remain on track to exceed $1 billion in revenue this year.”

“In Japan, revenue grew 26% in constant currency, driven by Moncharo and Kisanlab.”

“In infectious disease, anticipated regulatory filings for Islachivir plus Lenacapivir, the potential first once-weekly oral two-drug treatment regimen for HIV.”

“So we're looking forward to see SSP data this year.”

“But high level, I'd say forecasting sales to be, you know, as we come out of the gate, pretty similar to this year.”

“Higher growth, scientific markets, with the same customers buying across three, six, twelve operating companies.”

“Driven by strong performance in the AccuView Oasis one day family of products.”

“Every day, more than 20 million videos are being uploaded.”

“Yeah, as we really assess, the marketplace, we maintain, that gig pricing, at $30 to $40, in some cases, even less, is going to be really hard, to sustain, so as we assess, the overall environment, we're going to continue, to compete aggressively, but we're going to compete, with discipline, and really focus on, differentiating our products, adding value, through deepening, our customer relationships, and continuing, to provide a great, customer experience, so we're not giving, our customers a reason to leave.”

“And we expect that Muse will reach an even higher level over time due to the amount of commerce that we already see taking place.”

“We believe this positions us to reach 60 million plus locations with fiber by the end of the decade, with annual capital investment that is roughly $1 billion lower than we previously had in the past year.”

“During the six-week advertised launch window, it sold the most units within the platform and lifted total specialty beverage category sales.”

“You're going to see that continue to widen.”

“We're going to be monetizing it.”

“39.3% on a business that's got a $104 billion annual revenue run rate is quite unusual.”

“It's in about 100,000 stores, which is about 75% of the cigarette volume.”

“One, affordability is working.”

“Generally, we get heavier on productivity in the back half.”

“remained around plus 10% in the quarter and almost plus 11% year-to-date consistent with the strong underlying trajectory of the business and the durability of demand across our geographic footprint key European geographies including Italy Greece and Spain all delivered double-digit adjusted IMS growth year-to-date complemented by excellent performance in markets such as Indonesia Mexico the Philippines Saudi Arabia and Taiwan as well as global travel retail highlighting the increasing geographic”

“And we will give you some additional color on the 2027 capital program in December after we meet with our board.”

“And I would tell you, the energy level and the company and the expectation of meeting the challenge I laid out several years ago about doubling recovery, you know, we think there's a line of sight to that.”

“We expect this to be the best quarter for revenue in the history of the company.”

“In devices and consumer, we expect revenue to be 15.9 to 16.4 billion US dollars.”

“Turning to the balance sheet on slide 11, we remain on track to achieve our 14.5% FFO to debt target for 2026.”

“As we look at our transmission broadly and we looked at roughly eight, you know, 20 to 25% CAGR and rate based growth from 2025 through, 2032, we believe that what we're doing today positions us well to hit that overall metric.”

“We are raising our full year fiscal 2026 revenue guidance to $1.64 billion to $1.65 billion.”