Earnings Call Transcripts
Access detailed transcripts and key takeaways from company earnings calls
All Earnings Calls
Enterprise Financial Services Corp Q3 2025 Earnings Call - Solid NII and Deposit Gains, NPAs Spike from Isolated Secured Credits and Insured Tax-Credit Recapture
Enterprise turned in a steady operational quarter: net interest income and margin ticked up, deposits surged, and loan growth returned to the mid-single digits. EPS was $1.19, ROA 1.11% and pre-provis...
- EPS $1.19 in Q3 2025, down from $1.36 in the linked quarter and $1.32 year over year, net income $45 million.
- Net interest income rose $5.5 million quarter over quarter, NIM expanded two basis points to 4.23%, marking the sixth straight quarter of NII growth.
- Loan growth returned to an annualized 6% in the quarter, roughly $174 million net of $22 million of SBA loans sold for a $1.1 million gain; new originations priced at a 6.98% coupon for the quarter.
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Independent Bank Corporation Third Quarter 2025 Earnings Call - Net Income Up as Commercial Loans Drive Growth, One CRE Workout Fuels NPA Spike
Independent Bank reported third quarter 2025 net income of $17.5 million, or $0.84 per diluted share, up from $13.8 million a year earlier. Net interest income rose for the ninth consecutive quarter a...
- Q3 2025 net income was $17.5 million, or $0.84 per diluted share, versus $13.8 million, or $0.65, in Q3 2024.
- Net interest income increased both sequentially and year over year, marking the ninth consecutive quarter of NII growth.
- Tax-equivalent net interest margin was 3.54% in Q3 2025, up from 3.37% year over year but down 4 basis points quarter over quarter, primarily due to accelerated unamortized issuance costs on redeemed subordinated debt.
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NexPoint Residential Trust Third Quarter 2025 Earnings Call - Expense Cuts Lift NOI and Dividend, Management Eyes Capital Recycling and Buybacks to Close NAV Gap
NexPoint reported a mixed quarter that leaned on cost control to stabilize results. Revenue slipped but same-store NOI rose 3.5% year over year as operating expenses fell sharply, enabling a dividend ...
- Q3 GAAP net loss was $7.8 million, or -$0.31 per diluted share, versus a -$0.35 loss last year; total revenue was $62.8 million versus $64.1 million in Q3 2024.
- NOI for Q3 2025 was $38.8 million on 35 properties, up from $38.1 million on 36 properties in Q3 2024.
- Same-store rent down 0.3% and occupancy down 1.3% year over year, but same-store revenues fell only 0.6% while same-store expenses fell 6.2%, resulting in same-store NOI growth of 3.5% y/y.
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Zedge Q4 FY2025 Earnings Call - Restructuring Sets Stage for Dataseeds AI Growth, While Emojipedia Faces Search Headwinds
Zedge closed fiscal 2025 after a year of deliberate pruning, reporting $7.5 million in Q4 revenue, down 1.5% year over year, as management completed a restructuring to cut roughly $4 million of annual...
- Q4 revenue $7.5 million, down 1.5% year over year.
- Zedge Marketplace grew mid-single digits in Q4, helped by Zedge Premium and subscriptions.
- Subscription revenue rose 21% year over year, active subscribers nearly 1 million, up 47% YoY.
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Travelzoo Q3 2025 Earnings Call - Aggressive member acquisition fuels rapid subscription growth but compresses near-term profit
Travelzoo reported a solid top-line, with Q3 revenue of $22.2 million, up 10% year over year, driven by both advertising and a fast-growing paid club membership. Management deliberately ramped marketi...
- Q3 consolidated revenue was $22.2 million, up 10% year over year (constant currency $21.9 million, up 9%).
- GAAP operating profit fell to $0.5 million (2% margin) from $4.0 million a year earlier, as management increased marketing spend to buy members.
- Non-GAAP operating profit was $1.1 million, about 5% of revenue, down from $4.9 million in the prior-year quarter.
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HNI Corporation Q3 2025 Earnings Call - Record Q3 Margin and Steelcase Deal Drive Visibility
HNI reported a clean beat in Q3 2025, delivering non-GAAP EPS of $1.10, up 7% year over year, and a record third-quarter non-GAAP operating margin of 10.8%. Organic net sales rose 3%, workplace furnis...
- Q3 non-GAAP EPS was $1.10, up 7% year over year, modestly above internal expectations.
- Q3 non-GAAP operating margin reached a record 10.8% for the third quarter.
- Total organic net sales rose 3% year over year; workplace furnishings organic sales were +3% and residential was roughly flat.
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Waste Management Q3 2025 Earnings Call - Record Margins Despite Integration Headwinds, FCF Set to Approach $3.8B
Waste Management printed its best quarterly margin in company history while simultaneously wrestling with the noisy fallout from its Stericycle acquisition and weak recycling commodity markets. Q3 del...
- Q3 operating EBITDA rose more than 15% year over year, and free cash flow grew nearly 33% in the quarter, signaling strong cash generation momentum.
- Total-company operating EBITDA margin hit 30.6% in Q3, the best quarterly result in WM history; WM legacy business margin was 32% for the quarter.
- Collection and disposal margins expanded to a record 38.4%, with operating EBITDA for that segment up more than 7% year over year.
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Seven Hills Realty Trust Q3 2025 Earnings Call - SOFR Decline Activates Floors, Protects Earnings as Pipeline Expands
Seven Hills posted a clean quarter: distributable earnings of $4.2 million, or $0.29 per share, at the high end of guidance, and a board-declared regular dividend of $0.28 per share, implying an 11% a...
- Distributable earnings of $4.2 million, or $0.29 per share, came in at the high end of guidance and matched consensus.
- Board declared a regular quarterly dividend of $0.28 per share, implying an 11% annualized yield on yesterday’s close.
- Portfolio at quarter end: $642 million of floating-rate first mortgage commitments across 22 loans, weighted average all-in yield ~8.2%, weighted avg LTV 67% at close.
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Tenet Healthcare Q3 2025 Earnings Call - Raises 2025 EBITDA and Free Cash Flow Guidance as USPI and Hospitals Drive Margin Expansion
Tenet reported a clean, operational beat in Q3 2025, with revenue of $5.3 billion and consolidated adjusted EBITDA of $1.1 billion, up roughly 12% year over year and lifting margins to 20.8% (up 170 b...
- Q3 results beat internal expectations: net operating revenues $5.3 billion, consolidated adjusted EBITDA $1.1 billion, up 12% year over year, adjusted EBITDA margin 20.8% (+170 bps).
- Tenet raised full-year 2025 adjusted EBITDA guidance to $4.47 to $4.57 billion, reflecting sustained outperformance across the business and prior intra-year raises.
- Free cash flow and liquidity upgraded: Q3 free cash flow $778 million, YTD free cash flow $2.16 billion (up 22% YTD), full-year free cash flow guidance raised to $2.275 to $2.525 billion, and free cash flow after NCI now $1.495 to $1.695 billion (+$250 million midpoint).
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Armstrong World Industries Q3 2025 Earnings Call - Record Sales and Raised Guidance Despite $6M Timing Costs
Armstrong reported a clean quarter of top-line strength and cash generation, hitting record quarterly net sales as AUV expansion in Mineral Fiber and double-digit growth in Architectural Specialties d...
- Company delivered record quarterly net sales, with consolidated net sales up 10% year over year in Q3 2025.
- Consolidated adjusted EBITDA grew 6% in the quarter, while adjusted diluted net earnings per share rose 13%.
- Mineral Fiber AUV increased about 6% year over year, and volumes showed a slight increase, marking back-to-back quarters of volume growth for the first time since 2022.
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