Earnings Call Transcripts
Access detailed transcripts and key takeaways from company earnings calls
All Earnings Calls
Halliburton Third Quarter 2025 Earnings Call - $100M/quarter cost cuts, $1B 2026 CapEx reset and a strategic Voltagrid push
Halliburton reported a solid Q3 with $5.6 billion revenue, 13% adjusted operating margin and $276 million free cash flow, but management clearly shifted to defense mode. Leadership is cutting costs, i...
- Revenue $5.6 billion in Q3 2025, up 2% sequentially, adjusted operating margin 13% and adjusted operating income $748 million.
- North America revenue $2.4 billion, flat year over year and up 5% sequentially, but management expects Q4 North America to be down roughly 12% to 13% sequentially due to white space and seasonality.
- International revenue $3.2 billion, roughly flat sequentially, with management forecasting a 3% to 4% increase in Q4 on seasonal software and completion tool sales.
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Elevance Health Third Quarter 2025 Earnings Call - Reaffirmed $30 EPS, warns of at least 125 bps Medicaid margin hit in 2026
Elevance reiterated its 2025 adjusted EPS target of approximately $30 while flagging renewed pressure in Medicaid that management expects will drive at least a 125 basis point year‑over‑year margin de...
- Company reaffirmed 2025 adjusted EPS of approximately $30, and continues to view $27 as an appropriate baseline excluding about $3 of discrete nonrecurring items.
- Q3 GAAP diluted EPS was $5.32; Q3 adjusted diluted EPS was $6.30.
- Total operating revenue for the quarter was $50.1 billion, up 12% year over year; medical membership ended the quarter at 45.4 million.
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PulteGroup Q3 2025 Earnings Call - Strong margins and cash flow while managing elevated spec inventory
PulteGroup posted a solid Q3 2025: $4.2 billion in home sale revenue, $568 million in net income, and $2.96 per share, driven by healthy margins and cash generation even as demand softened. Management...
- Q3 financials: Home sale revenue $4.2 billion, net income $568 million, EPS $2.96; trailing twelve month ROE at 21%.
- Closings and orders: 7,529 homes closed in Q3, net new orders 6,638 homes, down 6% year over year. Absorption 2.2 homes per month, versus 2.4 a year ago.
- Backlog and production: Q3 backlog 9,888 homes valued at $6.2 billion, down from 12,089 homes worth $7.7 billion a year earlier. 15,096 homes in production, 7,369 or 49% are spec. Finished spec inventory around 2,000 homes, roughly two per community, above the target of ~1.2 per community.
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Crown Holdings Q3 2025 Earnings Call - Hits 2.5x Leverage, Raises EPS Guide on Strong Europe and Cash Flow
Crown reported a clean, cash-heavy quarter. Adjusted EPS beat, free cash flow ramped, and management hit its long-term net leverage target of 2.5 times in September, prompting a sharper tone on return...
- Reported GAAP EPS $1.85 in Q3 versus a loss of $1.47 in the year-ago quarter; adjusted EPS $2.24 versus $1.99 prior year.
- Net sales rose 4.2% year over year, driven by a 12% shipment increase in European beverage, raw material pass-throughs, and favorable FX, offset by lower volumes in Latin America.
- Segment income improved to $490 million from $472 million a year earlier, reflecting European volume gains, tinplate strength, and global operational improvements.
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3M Q3 2025 Earnings Call - Commercial and Operational Excellence Drives Outperformance and NPI Momentum
3M reported a clear operational rebound in Q3, with organic sales up 3.2%, adjusted EPS of $2.19, and free cash flow of $1.3 billion with 111% conversion. Management raised full-year EPS guidance to $...
- Q3 organic sales 3.2%, adjusted EPS $2.19 up 10%, adjusted operating margin 24.7% up 170 basis points year on year.
- Management raised 2025 EPS guidance to $7.95 to $8.05, and now expects full-year organic sales growth greater than 2% with free cash flow conversion above 100%.
- Commercial excellence is the primary growth engine this year, with sales pipeline nearly doubled quarter over quarter and roughly $30 million of new cross-sell business closed in Q3.
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Equifax Inc. Q3 2025 Earnings Call - Mortgage Strength and VantageScore Push Create New Profit Pool
Equifax reported a stronger than expected Q3 with revenue of $1.54 billion, up about 7% in constant currency, and adjusted EPS of $2.04, beating prior guidance. The beat was driven by a USIS mortgage ...
- Q3 revenue $1.54 billion, up about 7% in constant currency, $25 million above midpoint of July guidance.
- Adjusted EPS $2.04, $0.12 above prior midpoint guidance; adjusted EBITDA margin 32.7%, up 20 basis points sequentially.
- USIS outperformed, revenue up 11% with mortgage revenue up 26% driven by later-quarter rate relief, FICO pass-through, and new pre-approval products.
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GE Aerospace Third Quarter 2025 Earnings Call - FlightDeck and Services Drive a Guidance Raise
GE Aerospace turned operational fixes into cash and clarity this quarter. Revenue surged 26% to $11.3 billion, operating profit rose 26% to $2.3 billion, adjusted EPS jumped 44% to $1.66, and free cas...
- Q3 results: Revenue $11.3B, up 26% year over year; operating profit $2.3B, up 26%; adjusted EPS $1.66, up 44%.
- Free cash flow was $2.4B, up 30%, with conversion over 130%, and year-to-date FCF reached $5.9B.
- Company raised full-year guidance: revenue now expected to grow high teens, CES growth of low 20s, DPT high single digits.
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Valmont Industries Third Quarter 2025 Earnings Call - Utility-led Margin Surge Drives EPS Upgrade
Valmont leaned into its infrastructure thesis this quarter, with utility strength and brownfield capacity expansions driving a noticeable margin pickup and a 21% jump in EPS. Net sales rose 2.5% to $1...
- Net sales $1.05 billion, up 2.5% year over year; operating margin improved 120 basis points to 13.5% and diluted EPS rose 21.2% to $4.98.
- Company raised full-year adjusted diluted EPS guidance to $18.70–$19.50, midpoint $19.10, with net sales guidance around $4.1 billion.
- Infrastructure drove results: infrastructure sales $808.3 million, up 6.6%; utility sales up 12.3%, telecom up 37%, coatings up 9.7%.
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Genuine Parts Company Third Quarter 2025 Earnings Call - Margins Expand, Guidance Narrowed, Pension Termination Looms
Genuine Parts Company reported a steady third quarter: mid-single-digit revenue growth, gross margin expansion and double-digit adjusted EBITDA growth, all while navigating tariffs, persistent SG&A in...
- Total GPC sales were $6.3 billion in Q3 2025, up approximately 5% year over year, with comparable sales contributing a 230 basis point improvement for the quarter.
- Gross margin expanded 60 basis points year over year to 37.4%, driven by pricing, strategic sourcing and acquisition benefits.
- Adjusted EBITDA increased about 10% year over year, with adjusted EBITDA margin up 40 basis points to 8.4%; adjusted diluted EPS was $1.98, up 5.3% versus prior year.
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The Coca-Cola Company Q3 2025 Earnings Call - Refranchising and execution drove EPS up despite 6% currency headwind
Coca-Cola reported a quarter of steady top-line traction born more of execution than a macro rebound. Organic revenue grew 6%, unit cases rose 1%, and comparable EPS was $0.82, up 6% year on year desp...
- Organic revenues grew 6% in Q3 2025, unit cases increased 1%, with two-year volume trends accelerating month by month and September finishing stronger after a slow July and August.
- Comparable EPS was $0.82, up 6% year over year, achieved while absorbing a 6% currency headwind, higher net interest expense, and a higher effective tax rate.
- Management reiterated 2025 guidance: organic revenue growth of 5% to 6%, comparable currency-neutral EPS growth of roughly 8% on the long-term algorithm, and comparable EPS growth of about 3% versus $2.88 in 2024.
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