Earnings Call Transcripts
Access detailed transcripts and key takeaways from company earnings calls
All Earnings Calls
Diebold Nixdorf Q4 2025 Earnings Call - Record free cash flow and credit upgrades, buybacks take priority
Diebold Nixdorf closed 2025 with clear proof points: revenue growth, margin expansion and a step-change in cash generation. Management delivered Adjusted EBITDA of $485 million, record free cash flow ...
- 2025 financials: Adjusted EBITDA rose to $485 million, full-year adjusted EPS was $5.59, and free cash flow more than doubled to a record $239 million (about 49% conversion).
- Q4 specifics: revenue was $1.1 billion, up 12% year-over-year and 17% sequentially; Q4 adjusted EBITDA was $164 million and adjusted EPS was $3.02. Total company gross margin in Q4 expanded to 27.1%, up 320 basis points year-over-year.
- Guidance for 2026: revenue $3.86B–$3.94B, Adjusted EBITDA $510M–$535M, free cash flow $255M–$270M, adjusted EPS $5.25–$5.75, and expected gross margin improvement of 25–50 basis points. Company expects positive free cash flow every quarter.
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LXP Industrial Trust Fourth Quarter 2025 Earnings Call - Balance Sheet Rehab Sets Stage for 1 Million Sq Ft Phoenix Spec Bet
LXP closed 2025 with cleaner leverage, higher occupancy, and a clear pivot to disciplined growth. Management reduced net debt to adjusted EBITDA from 5.9x to 4.9x, boosted portfolio occupancy to 97.1%...
- Net debt to adjusted EBITDA improved from 5.9x to 4.9x during 2025, a primary strategic objective management achieved.
- Portfolio occupancy rose 350 basis points to 97.1% at year-end 2025, driven largely by leasing at three big box development properties.
- LXP leased nearly 5 million sq ft in 2025, including over 2 million sq ft in Q4, producing attractive mark-to-market cash increases roughly 23% to 27% excluding fixed-rate renewals.
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Melco Resorts & Entertainment Limited Q4 2025 Earnings Call - Macau-led recovery lifts group EBITDA and keeps costs tight
Melco closed 2025 with a clear Macau-driven recovery and disciplined cost control. Group property EBITDA for the year reached $1.4 billion, up 17% versus 2024, with Macau property EBITDA surging 25% f...
- Full-year 2025 group property EBITDA was $1.4 billion, up 17% year-over-year.
- Q4 2025 adjusted property EBITDA grew 12% year-over-year to approximately $331 million, or $323 million when adjusted for VIP hold.
- Macau was the engine: Q4 Macau property EBITDA rose 24% year-over-year, and full-year Macau property EBITDA was up 25% versus 2024.
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Nova Ltd. Q4 2025 Earnings Call - Record 2025, Gate-All-Around Wins and Positioned for a 2026 Ramp
Nova reported a clean, hard result: record 2025 revenue of $880.6 million, strong margins and ample cash, and management says the company is positioned to ride a renewed capital cycle into 2026. The q...
- Record 2025 revenue of $880.6 million, up 31% year-over-year, with EPS up 29% year-over-year on both GAAP and non-GAAP bases.
- Q4 2025 revenue of $222.6 million, up 14% year-over-year, above the guidance midpoint of $220 million.
- Q4 blended gross margins were 57.6% GAAP and 59.6% non-GAAP, with the quarter benefiting from a favorable product mix; management guides Q1 2026 gross margin around 56% GAAP and 58% non-GAAP, plus or minus 1 percentage point.
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Getty Realty Fourth Quarter 2025 Earnings Call - Accretive deployment: ~$270M at 7.9% initial yield with $100M pipeline
Getty delivered steady income and an aggressive deployment push in 2025. Annualized base rent rose nearly 12% and AFFO per share finished the year at $20.43, with Q4 AFFO $0.63, up 5% year over year. ...
- Getty invested approximately $270 million in 2025 at a weighted initial cash yield of 7.9%.
- AFFO per share: Q4 2025 was $0.63, up 5% vs Q4 2024; full year AFFO per share was $20.43, up 3.8% year over year.
- Company reaffirmed 2026 AFFO per share guidance of $20.48 to $20.50, noting that this guide excludes prospective investment and capital activity.
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Onity Group Q4 2025 Earnings Call - Record originations offset servicing runoff; $120M valuation allowance release boosts book value
Onity delivered a bumper finish to 2025, led by record-funded originations that powered origination adjusted pre-tax income higher even as servicing was hit by roughly $14 million of incremental MSR r...
- Record originations drove a standout quarter: fourth quarter revenue up 25% year over year with the highest funded volume Onity has ever originated.
- Originations strength came from both B2B and Consumer Direct, including expanded Ginnie Mae, closed-end seconds, and new non-QM product suite; Consumer Direct saw higher revenue per loan and larger average loan size.
- Servicing profitability was pressured by approximately $14 million of incremental MSR runoff in Q4, driven by FHA loan modification rule changes effective Oct 1 and a six-week government shutdown.
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Fortis Inc. Q4 2025 Earnings Call - CAD 28.8B Five-Year Plan to Lift Rate Base 7% and Sustain Dividend Growth
Fortis used the call to sell scale and stability. Management delivered a clear growth story: CAD 5.6 billion of 2025 capital spending and a CAD 28.8 billion five-year plan that management says will ra...
- Fortis announced a CAD 28.8 billion five-year capital plan, its largest to date, focused on regulated transmission and distribution investments.
- Management expects the plan to increase rate base by approximately CAD 16 billion over five years, supporting average annual rate base growth of about 7%.
- Fortis invested CAD 5.6 billion in capital in 2025, and highlighted one of its best years for safety and reliability versus peers.
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Organon Q4 2025 Earnings Call - Flat 2026 Outlook, Debt Reduction Takes Priority After JADA Sale
Organon closed 2025 with $6.2 billion of revenue and about $1.9 billion of adjusted EBITDA, and management is guiding to roughly the same results for 2026. The story is one of stabilization rather tha...
- Full year 2025 revenue was $6.2 billion, with adjusted EBITDA of about $1.9 billion; revenue was down 3% on both reported and ex-FX basis versus 2024.
- Organon is guiding to roughly flat results in 2026: about $6.2 billion of revenue and about $1.9 billion of adjusted EBITDA, pro forma for the JADA System divestiture and with an FX tailwind offsetting the loss of JADA revenue.
- Organon completed the divestiture of the JADA System in January for approximately $390 million in net proceeds, and management intends to apply proceeds to reduce net debt.
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PHINIA Q4 2025 Earnings Call - Guides mid-single-digit 2026 growth with strong cash generation and shareholder returns
PHINIA closed 2025 with a resilient quarter and reiterated a capital-light, cash-first playbook for 2026. Q4 revenue was $889 million, Adjusted EBITDA $116 million, and adjusted EPS $1.18. Management ...
- Q4 2025 revenue $889 million, up 6.7% year over year; excluding FX and SEM contribution, revenue rose ~2.3% in the quarter.
- Adjusted EBITDA for Q4 was $116 million, a 13% margin, with adjusted EPS (ex-nonoperating items) of $1.18 vs. $0.71 a year ago.
- Full-year adjusted revenue ~ $3.5 billion, up ~3% year over year when excluding certain 2024 contract manufacturing; full-year adjusted EBITDA $478 million, essentially flat year over year.
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Himax Technologies Q4 2025 Earnings Call - CPO and WiseEye Positioning Signal 2027 Revenue Levers, while 2026 Starts With a Trough
Himax closed Q4 with modest sequential revenue growth and a profitable quarter, but the call was dominated by a forward-looking storyline. Management paints 2026 as a trough quarter, expecting a rebou...
- Q4 revenue $203.1 million, up 2.0% sequentially, gross margin 30.4% in the quarter, and profit per diluted ADS reported in the call with conflicting figures (call notes both $0.036 and $0.086).
- Full year 2025 revenue $832.2 million, down 8.2% year-over-year; net profit $43.9 million, or $0.25 per diluted ADS, versus $79.8 million in 2024.
- Q4 segment mix: large display driver $21.7 million (10.7% of revenue); small/medium display drivers $139.1 million (68.5%); non-driver products $42.3 million (20.8%).
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