Earnings Call Transcripts
Access detailed transcripts and key takeaways from company earnings calls
All Earnings Calls
Churchill Downs Incorporated 2025 Q3 Earnings Call - Record Q3 Results and a $280-300M Victory Run bet to upgrade the Derby
Churchill Downs posted record net revenue and record adjusted EBITDA in Q3 2025, driven by strong performance across live and historical racing, Exacta wagering tech, and regional gaming. Management d...
- Q3 2025 delivered record net revenue and record adjusted EBITDA company wide, with record results in Live and Historical Racing and Wagering Services and Solutions.
- Live and Historical Racing segment grew revenue 21% and adjusted EBITDA 25% year over year; this marks the 21st consecutive quarter of year over year record growth for that segment.
- Churchill announced Victory Run, a $280 to $300 million build just past the finish line, replacing dated seating with premium suites, covered boxes, and indoor/outdoor dining, targeting completion for the 2028 Derby.
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Gentherm Q3 2025 Earnings Call - Record revenue, $745M awards and Mercedes-Benz conquest
Gentherm reported a beat in Q3 2025, driven by record quarterly revenue of $387 million, stronger-than-expected light vehicle production, and a surge in automotive new business awards. The headline: $...
- Record quarterly revenue of $387 million in Q3 2025, up 4.1% year-over-year (2.4% ex-FX).
- Automotive new business awards hit $745 million in Q3, bringing year-to-date awards to $1.8 billion and keeping the company on track for full-year awards above $2 billion.
- Mercedes-Benz conquest win on high-volume platforms (S-Class, GLS, GLE, CLS) includes Gentherm’s Pulse A massage system, is 100% incremental revenue, and will more than double lumbar and massage revenue with that customer when production begins in 2028.
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Gentherm Third Quarter 2025 Earnings Call - Record Revenue and $745M Auto Awards Accelerate Adjacent Market Push
Gentherm reported record quarterly revenue of $387 million and secured $745 million of automotive new business awards in Q3, taking year-to-date awards to $1.8 billion and keeping the company on track...
- Q3 revenue hit a record $387 million, up 4.1% year-over-year, or +2.4% excluding foreign exchange.
- Automotive new business awards totaled $745 million in Q3, one of the highest quarters on record for Gentherm.
- Year-to-date automotive awards are $1.8 billion, placing the company on track to exceed $2.0 billion for the full year.
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Altisource Portfolio Solutions Third Quarter 2025 Earnings Call - Renovation and Lenders One Drive Revenue Growth; Pipeline Strength and Lower Interest Expense Improve Results
Altisource posted a modest but solid Q3. Service revenue rose 4% year over year to $39.7 million, driven by a ramp in renovation work and strength in Lenders One, Foreclosure Trustee, Granite Construc...
- Total company service revenue rose 4% year over year to $39.7 million in Q3 2025, led by renovation and growth in Lenders One, Foreclosure Trustee, Granite Construction Risk Management, and Field Services.
- Business segments generated $10.9 million of adjusted EBITDA, a modest improvement versus Q3 2024, while company adjusted EBITDA was flat at $3.6 million due to revenue mix shifting to lower-margin renovation work.
- GAAP loss before income taxes improved to a pre-tax loss of $1.7 million in Q3 2025, versus a $8.5 million loss in Q3 2024, largely from significantly lower interest expense.
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Stewart Information Services Third Quarter 2025 Earnings Call - 19% Revenue Growth, 40% Earnings Surge as Commercial and Agency Grab Share
Stewart reported a strong Q3 2025, delivering 19% revenue growth and roughly 40% adjusted earnings expansion against a housing market stuck near multi-year lows. Results were driven by broad-based str...
- Company-wide revenue grew 19% year over year in Q3 2025, with total reported revenues of $797 million.
- Adjusted net income rose about 41% to $47 million, while GAAP net income was $44 million or $1.55 per diluted share.
- Title segment operating revenues increased $107 million, up 19% YoY; adjusted title pre-tax income was $61 million, a 40% rise, with pre-tax margin improving to 9% from 7.7% a year ago.
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CenterPoint Energy Q3 2025 Earnings Call - $2.4B Ohio Sale Funds Texas-Focused $65B Growth Plan
CenterPoint reported a strong Q3, with non-GAAP EPS of $0.50, up 60% year over year, and reiterated full-year 2025 guidance of $1.75 to $1.77 and 2026 guidance of $1.89 to $1.91. Management rolled out...
- Q3 non-GAAP EPS was $0.50, a 60% increase year over year; GAAP EPS was $0.45.
- Full-year 2025 non-GAAP EPS guidance reiterated at $1.75 to $1.77, representing ~9% growth versus 2024; 2026 guidance reiterated at $1.89 to $1.91.
- Management unveiled a 10-year capital plan of at least $65 billion through 2030, with visibility to an additional approximately $10 billion of upside opportunities.
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Allegion Q3 2025 Earnings Call - Raises 2025 EPS View as M&A and Electronics Growth Offset Cost Pressures
Allegion closed Q3 with double digit reported revenue growth and a raised full year EPS guide, leaning on a heavy cadence of acquisitions and accelerating electronics adoption to power performance. Re...
- Allegion reported Q3 revenue of just over $1 billion, up 10.7% year over year, with organic revenue growth of 5.9%.
- Adjusted EPS for Q3 was $2.30, a 6.5% increase versus prior year, and management raised full-year 2025 adjusted EPS guidance to $8.10 to $8.20.
- Adjusted operating margin for Q3 was 24.1%, essentially flat year over year, with segment margin expansion offset by higher corporate expenses.
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Lazard Q3 2025 Earnings Call - Financial Advisory record revenue and Asset Management inflection
Lazard reported a strong Q3 with record firm-wide revenue and clear momentum across both businesses. Financial Advisory posted robust activity and helped drive record year-to-date advisory revenue, wh...
- Q3 firm-wide revenue was $725 million, up 12% year over year, driven by both Financial Advisory and Asset Management.
- For the first nine months of 2025, firm revenue totaled $2.1 billion, including record Financial Advisory revenue of $1.3 billion year to date.
- Financial Advisory revenue in Q3 was $422 million, up 14% versus Q3 2024, with strength in M&A across healthcare, industrials, consumer and retail, plus restructuring and fundraising mandates.
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ARMOUR Residential REIT Q3 2025 Earnings Call - 7.75% quarterly economic return as Fed easing tightens MBS spreads
ARMOUR posted a strong Q3 2025, with total economic return of 7.75% driven by a Fed pivot, falling Treasury yields, and roughly 20 basis points of MBS spread compression. The company leaned into that ...
- Total economic return for Q3 2025 was 7.75%, the quarter’s headline performance metric.
- GAAP net income available to common stockholders was $156.3 million, or $1.49 per common share.
- Net interest income for the quarter was $38.5 million; distributed earnings were $75.3 million, or $0.72 per common share.
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Ermenegildo Zegna Group Q3 2025 Earnings Call - DTC Momentum Cushions FX Headwind
Q3 revenue came in at €398 million, up 4% organic, led by a pronounced acceleration in direct-to-consumer sales. DTC grew 9% in the quarter and accounted for 82% of nine months revenues, making it the...
- Group Q3 revenues €398m, +4% organic; nine months revenues €1.3bn.
- DTC accelerated to +9% in Q3 and represented 82% of group revenues for the first nine months.
- Zegna brand Q3 revenues €249m, +6% organic, driven by DTC strength in EMEA and Americas.
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