Earnings Call Transcripts
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All Earnings Calls
ICON plc Q3 2025 Earnings Call - Strong Gross Wins Mask Elevated Cancellations and Margin Pressure
ICON reported a quarter of two faces: robust gross business awards and cash generation, offset by elevated cancellations and a shift toward pass-through revenue that compressed margins. Management fla...
- Revenue of $2.043 billion in Q3 2025, up 0.6% year over year and up ~1.3% sequentially versus Q2 2025.
- Gross business awards were strong at $3.0 billion, up mid-single digits year over year, with a net book-to-bill of 1.02.
- Cancellations totaled about $900 million in the quarter, broadly flat with Q2 and skewed toward awards canceled prior to enrollment start.
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Garrett Motion Third Quarter 2025 Earnings Call - Gasoline share gains, strong cash flow, and $100M industrial turbo tailwind underpin upgraded outlook
Garrett reported a solid Q3: $902 million in sales, up 6% at constant currency, adjusted EBIT of $133 million (14.7% margin), and adjusted free cash flow of $107 million. Management raised the 2025 mi...
- Net sales $902 million in Q3, up 6% at constant currency and 9% reported versus prior year.
- Adjusted EBIT $133 million, adjusted EBIT margin 14.7%, a 50-basis-point year-over-year improvement.
- Adjusted free cash flow strong at $107 million for the quarter, $264 million year-to-date.
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CBRE Group Q3 2025 Earnings Call - Data center and transactional strength lift guidance
CBRE reported a strong Q3, driven by broad transactional strength and a surge in data center activity that together pushed core EPS guidance higher. Management raised full-year core EPS to $6.25 to $6...
- CBRE raised full-year core EPS guidance to $6.25 to $6.35, up from $6.10 to $6.20, citing outperformance and a strong Q4 pipeline.
- Q3 core EPS grew 34% year over year, core EBITDA grew 19% for the quarter.
- Data center revenue totaled nearly $700 million in Q3, up about 40% versus Q3 2023, and accounted for roughly 10% of EBITDA in the quarter.
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Veris Residential Q3 2025 Earnings Call - Asset Sales Drive Faster Deleveraging and Raised Core FFO Guidance
Veris reported a solid operating quarter, with blended net rental growth of 3.9% and Core FFO per share of $0.20, and raised full-year Core FFO guidance to $0.67 to $0.68, or roughly 12.5% above 2024....
- Blended net rental growth of 3.9% in Q3, driven by 3.6% in new leases and 4.3% in renewals, outpacing national trends.
- Core FFO per share was $0.20 for the quarter, up $0.03 from Q2, and year-to-date Core FFO is $0.52 versus $0.49 last year.
- Full-year Core FFO guidance raised to $0.67 to $0.68, implying roughly 12% to 13% growth versus 2024, lifted by one-time tax appeal benefits.
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West Pharmaceutical Services Q3 2025 Earnings Call - HVP components momentum, led by GLP-1s and Annex 1, lifts guidance
West reported a beat in Q3 with $805 million in revenue, organic growth of 5%, adjusted operating margin of 21.1%, and adjusted EPS of $1.96, prompting management to raise full-year guidance. The quar...
- Q3 revenue was $805 million, organic growth 5.0%, adjusted EPS $1.96, up 6% year over year, and management raised full-year guidance.
- Proprietary HVP components were the standout, $390 million in Q3, up 13.3% organically, and represent roughly 48% of company sales.
- GLP-1 elastomers are a growing engine, now about 9% of total company sales, contributing materially to HVP components growth.
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Dow Q3 2025 Earnings Call - Strategic actions boost cash, cut costs and guide Q4 EBITDA ~$725M
Dow delivered sequential earnings and cash improvement in Q3 despite a prolonged industry downcycle. Net sales were $10.0 billion, adjusted EBITDA $868 million, and operating cash rose to $1.1 billion...
- Q3 net sales $10.0 billion, adjusted EBITDA $868 million, sequential earnings and cash improvement versus Q2 but lower year over year.
- Operating cash from operations was $1.1 billion in Q3, up $1.6 billion sequentially, driven by working capital releases and advanced payments under long-term supply agreements.
- Management has executed or begun more than $6.5 billion of strategic actions and cash support items year to date, including portfolio moves, asset partnerships, and cost programs.
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T-Mobile US Inc. Q3 2025 Earnings Call - Widening Network and Digital Differentiation fuels record postpaid growth and raised guidance
T-Mobile reported a blowout Q3 marked by record postpaid account growth, over 1 million postpaid phone net adds, and outsized revenue and cash conversion. Management says widening network leadership p...
- T‑Mobile delivered an exceptionally strong Q3: best ever postpaid account growth, best ever total postpaid net additions, and over 1 million postpaid phone net additions, its best Q3 in over a decade.
- Management raised full-year customer guidance: total postpaid net additions now expected at 7.2 to 7.4 million, and postpaid phone net additions at ~3.3 million.
- Postpaid ARPA growth is accelerating, now guided to at least 3.5% for the full year including dilutive M&A impacts; ex-M&A ARPA growth is expected around 4%.
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Core Laboratories Inc. Q3 2025 Earnings Call - Sequential margin recovery as international services offset U.S. onshore weakness
CoreLab delivered a quietly constructive quarter. Revenue was essentially flat year over year at $134.5 million, but the story is sequential: revenue, operating income, and EPS all improved as interna...
- Total revenue $134.5 million in Q3 2025, up 3% sequentially and flat year over year.
- Service revenue, more international, was $101.1 million, up 5% sequentially and up over 2% year over year.
- Product sales were $33.4 million, down slightly sequentially and down about 6% year over year, reflecting weaker U.S. onshore completion activity.
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Dime Community Bancshares Q3 2025 Earnings Call - NIM tops 3% with a clear path to further expansion via deposit cuts and backbook repricing
Dime reported a quarter of accelerating core earnings and margin improvement, with pre-tax, pre-provision income rising to $54.4 million and NIM crossing the 3.00% threshold. Management credits discip...
- Core pre-tax, pre-provision income rose to $54.4 million in Q3, up from $49.4 million in Q2 and $29.8 million a year ago, signaling accelerating core earnings power.
- Reported NIM increased to 3.01% in Q3 (2.98% excluding prepayment fees and purchase accounting), marking the sixth consecutive quarter of margin expansion.
- Management sees meaningful NIM expansion into Q4 driven by lower deposit costs after the September Fed cut and sustained loan yields; they estimate roughly +5 basis points of NIM per 25 bp cut from deposit-side savings.
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OceanFirst Financial Corp. Q3 2025 Earnings Call - Loan-fueled NII growth and residential outsourcing to boost margins above 3%
OceanFirst delivered a quarter of clear momentum and careful housekeeping. Loan originations hit $1 billion, driving $373 million of loan growth and a fourth consecutive quarter of rising net interest...
- Reported EPS of $0.30 GAAP and $0.36 on a core basis for Q3 2025.
- Net interest income grew for the fourth straight quarter, rising $3 million quarter over quarter, fueled by loan growth.
- Total loans increased $373 million in the quarter, a 14% annualized growth rate, supported by $1 billion of originations.
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