Earnings Call Transcripts
Access detailed transcripts and key takeaways from company earnings calls
All Earnings Calls
Curtiss-Wright Q4 2025 Earnings Call - Record cash and margins, but defense timing and AP1000 remain variables
Curtiss-Wright closed 2025 with a clean set of headlines, record cash generation, and margin expansion, while teeing up another year of growth in 2026. Q4 sales of $947 million rose 15% year over year...
- Q4 revenue $947 million, up 15% year over year, with 11% organic growth and contribution from the INC Solutions acquisition.
- Full-year 2025 was a record across sales, operating income, and adjusted free cash flow, with adjusted free cash flow of $554 million and 111% conversion.
- Q4 operating margin 19.7%, full-year margin expanded 110 basis points to 18.6%, driven by operational excellence and restructuring savings.
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Hyatt Fourth Quarter 2025 Earnings Call - Asset-light, brand-led expansion accelerates; 2026 RevPAR outlook tempered by Jamaica and short-cycle business travel
Hyatt closed 2025 with clear momentum: system-wide RevPAR rose 4% in Q4, luxury and leisure led the charge, and the company is now squarely an asset-light, fee-driven business. Membership in World of ...
- Q4 2025 system-wide RevPAR grew 4%, driven by luxury brands and leisure demand.
- Leisure transient RevPAR rose ~6% year-over-year in Q4; luxury leisure grew ~9%.
- Business transient RevPAR declined 1% in Q4, led by U.S. select-service softness; group RevPAR increased 3%.
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Gates Corporation Q4 2025 Earnings Call - Exiting downcycle with record EBITDA and cautious 2026 recovery
Gates closed 2025 with record adjusted EBITDA dollars and record adjusted EPS, materially reduced leverage, and aggressive buybacks, yet management is deliberately cautious about 2026. Order trends an...
- Gates posted record adjusted EBITDA dollars and record adjusted EPS for full year 2025, with adjusted EPS of $1.52, the top end of guidance.
- Net leverage fell to 1.85x at year-end 2025, down over 0.3 turns year-over-year, and the company finished with over $800 million in cash on the balance sheet.
- Management repurchased more than $100 million of stock in Q4, with about $194 million remaining under the current authorization.
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TransUnion Q4 2025 Earnings Call - Transformation Complete, Guiding 8%-9% Organic Growth in 2026
TransUnion closed 2025 with a clean quarter and a clear message: the multi-year transformation is complete and management expects the cost savings and OneTru platform to accelerate product-led growth ...
- Transformation program completed on schedule and within budget; full target savings to be realized in 2026 (no more one-time transformation charges).
- Q4 2025 organic revenue growth 12%; U.S. markets organic growth 16%; consolidated reported revenue up 13% including acquisitions.
- Adjusted EBITDA increased 10% in Q4; adjusted EBITDA margin was 35.6% for the quarter.
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IPG Photonics Q4 2025 Earnings Call - Return to Growth as Medical, Micromachining and Systems Drive Demand; Margins Hobbled by Tariffs and Cost Absorption
IPG reported a clear return to revenue growth in 2025, with Q4 revenue up 17% year over year and 9% sequentially, driven by stabilization in industrial demand and accelerating traction in medical, mic...
- Q4 revenue $above expectations, up 17% year over year and 9% sequentially; full-year 2025 revenue grew 3%, first full-year growth since 2021.
- Materials processing revenue rose 17% year over year in Q4, with sequential gains in welding, marking, cleaning and additive manufacturing; cutting stabilized sequentially.
- Non-materials processing businesses now account for about 14% of total revenue and were a primary driver of 2025 growth, with micromachining, medical and advanced applications growing double digits.
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Brookfield Corporation Fourth Quarter 2025 Earnings Call - Plan to Merge with BNT to Streamline Capital and Fuel Insurance Growth
Brookfield closed 2025 with record financials and a declarative strategic pivot. Management reported distributable earnings before realizations of $5.4 billion and total DE of $6.0 billion, backed by ...
- Distributable earnings before realizations were $5.4 billion for 2025, $2.27 per share; total distributable earnings were $6.0 billion, $2.54 per share, and total net income was $3.2 billion.
- Brookfield reports a $180 billion permanent capital base and record deployable capital of $188 billion, giving management scope to be patient and opportunistic across cycles.
- Management raised $112 billion of capital in 2025, financed nearly $175 billion of assets, completed $91 billion of asset sales, and deployed $126 billion of capital during the year.
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Ameren Corporation Fourth Quarter 2025 Earnings Call - 2.2 GW of ESAs and $31.8B Capex Ramp Provide Upside to Guidance
Ameren closed 2025 with adjusted EPS of $5.03, up 8.6% year over year, and affirmed 2026 guidance of $5.25 to $5.45. Management rolled forward a heftier five-year investment plan, raising the 2026–203...
- Ameren reported 2025 adjusted earnings per share of $5.03, an 8.6% increase versus 2024 (adjusted EPS excludes certain tax benefits totaling $86 million or $0.32 per share).
- The company affirmed 2026 EPS guidance of $5.25 to $5.45, with midpoint implying ~8.1% growth over prior guidance midpoint.
- Management reiterated 2026–2030 EPS CAGR guidance of 6%–8%, and said it expects results near the upper end of that range over the five-year period.
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Essential Properties Realty Trust Q4 2025 Earnings Call - 2026 AFFO Guidance Raised as Cap Rates Stabilize and Portfolio Credit Improves
Essential Properties closed 2025 with solid operating and capital-market momentum, boosting 2026 AFFO/share guidance to $1.99 to $2.04 based on stronger-than-expected portfolio credit trends, high dep...
- Company raised 2026 AFFO per share guidance to $1.99 to $2.04, implying roughly 7% growth at the midpoint, driven by better portfolio credit and a healthy investment pipeline.
- Q4 2025 reported GAAP net income was $68.3 million and AFFO was $99.7 million, with AFFO per share of $0.49, up 9% year-over-year for the quarter.
- Capital deployment: $296 million invested in Q4 across 34 transactions (58 properties), 100% sale-leasebacks, average cash yield 7.7%, GAAP yield 9.1%, and weighted average initial lease term of 19.4 years.
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Exelon Fourth Quarter 2025 Earnings Call - $41.3B Transmission-Led Capex Push Targets 7.9% Rate-Base Growth and 5%-7% EPS CAGR
Exelon closed 2025 with another beat, reporting $2.77 adjusted operating EPS and setting a 2026 guidance range of $2.81-$2.91 as it pivots materially toward transmission investment. Management rolled ...
- Exelon reported 2025 adjusted operating EPS of $2.77, above expectations, and GAAP EPS of $2.73 for the year.
- 2026 operating earnings guidance initiated at $2.81-$2.91 per share, with first-quarter earnings expected to be ~31% of the midpoint.
- Company announced a $41.3 billion capital plan for 2026-2029, up $3.3 billion (9%) from prior period; more than 70% of the increase is incremental transmission investment.
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LiveOne Q3 FY2026 Earnings Call - Structural inflection: AI-driven cuts, B2B pipeline and conservative $85M-$95M guidance
LiveOne says this quarter marks an inflection point: Q3 revenue of $20.3 million (nine months $58M), a positive consolidated adjusted EBITDA of $1.6M, and a major cost reset that management says reduc...
- Q3 consolidated revenue $20.3 million; nine-month revenue over $58 million, per management.
- Consolidated adjusted EBITDA for the quarter was positive $1.6 million; GAAP net loss was $4.1 million, or $0.37 per diluted share.
- Audio division: nine-month revenue $52.2 million; Q3 audio revenue $18.6 million with $2.6 million adjusted EBITDA.
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