Earnings Call Transcripts
Access detailed transcripts and key takeaways from company earnings calls
All Earnings Calls
Marsh & McLennan Companies Q3 2025 Earnings Call - Thrive to cut $400M, rebrand to Marsh and double down on AI
Marsh & McLennan reported a solid Q3, with consolidated revenue of $6.4 billion, up 11% year over year and 4% on an underlying basis, adjusted operating income up 13%, and adjusted EPS of $1.85, up 11...
- Consolidated revenue $6.4 billion in Q3, up 11% year over year, 4% underlying growth after adjustment for acquisitions and FX.
- Adjusted operating income rose 13% year over year, adjusted operating margin expanded 30 basis points to 22.7%, adjusted EPS $1.85, up 11%.
- Company will rebrand from Marsh & McLennan Companies to Marsh in January, with businesses adopting the Marsh brand after a transition period.
- +15 more takeaways
Enerpac Tool Group Fourth Quarter and Year End Fiscal 2025 Earnings Call - Record revenue, near-25% adjusted EBITDA, $200M buyback approved
Enerpac closed fiscal 2025 with record revenue of $617M and a surprisingly strong adjusted EBITDA margin of 24.9%, driven by cross-sell gains, DTA integration and product/service mix. Management pushe...
- Record fiscal 2025 revenue of $617.0M, up 5% reported, about +1% organic after FX and DTA acquisition adjustments.
- Adjusted EBITDA for FY25 of $154.0M, margin of 24.9%, with Q4 margin stronger at 26.5%; management sees room for further margin improvement over time.
- Adjusted EPS for FY25 $1.81, up 5% year over year; Q4 adjusted EPS was $0.52.
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BNY Third Quarter 2025 Earnings Call - Record $5.1B Revenue, Margin Lift from Commercial and Platform Transformations
BNY reported a strong Q3 2025, with record revenue of $5.1 billion, EPS of $1.88 up 25% year over year, a 36% pretax margin and a 26% return on tangible common equity. The quarter’s beat was broad bas...
- Record Q3 revenue of $5.1 billion, up 9% year over year, driven by broad based strength across platforms.
- EPS $1.88, up 25% year over year, driven by revenue growth, positive operating leverage and higher net interest income.
- Pretax margin improved to 36% and return on tangible common equity reached 26% for the quarter.
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TSMC Q3 2025 Earnings Call - AI demand tight; N2 ramp and overseas‑fab dilution shape margins
TSMC closed Q3 with better than expected top line and margins, driven by blistering demand for leading edge nodes and higher utilization. Management says AI-driven volumes are stronger than three mont...
- Q3 revenue was $33.1 billion, up 10.1% sequentially and slightly above guidance.
- Gross margin rose 90 basis points sequentially to 59.5%, operating margin was 50.6%.
- EPS grew 39% year over year, return on equity was 37.8%.
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J. B. Hunt Transport Third Quarter 2025 Earnings Call - Operational discipline driving margin repair as $100M cost-cut plan gets real
J. B. Hunt reported a quarter of operational fixes, not miracles. Revenue was roughly flat year over year while operating income rose 8% and diluted EPS improved 18%, a tidy result driven by productiv...
- Revenue roughly flat year over year; operating income up 8% and diluted EPS up 18% in Q3 2025.
- Lowering Our Cost to Serve program targets $100 million of structural cost removal; more than $20 million realized in Q3.
- Majority of cost savings expected to materialize in 2026, with quarterly updates promised and benefits to be visible in reported results.
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Prologis Q3 2025 Earnings Call - Data center power pipeline and record leasing set stage for occupancy and rent inflection
Prologis reported a quarter of momentum, led by a record leasing quarter and a clear pickup in customer decision making. Leasing signings approached 62 million square feet, portfolio occupancy rose to...
- Record leasing quarter: Prologis signed nearly 62 million square feet in Q3, an all-time high for the company.
- Occupancy ticked up to 95.3% during the quarter, suggesting the portfolio may be forming a base.
- Lease mark to market stands at 19%, with management saying the quarter captured about $75 million of NOI and another $900 million of NOI scheduled as leases roll.
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PNC Financial Services Group Q3 2025 Earnings Call - Record revenue and PPNR, NII momentum intact despite deposit mix drag
PNC reported a strong third quarter, delivering record revenue of $5.9 billion and record pre-provision net revenue of $2.5 billion, driven by loan growth, fixed-rate asset repricing, and broad-based ...
- PNC reported Q3 net income of $1.8 billion, or $4.35 per diluted share.
- Record quarterly revenue of $5.9 billion and record PPNR of $2.5 billion, delivering more than 200 basis points of positive operating leverage versus Q2.
- Net interest income was $3.6 billion, up $93 million quarter over quarter, while net interest margin was 2.79%, down one basis point versus Q2.
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Morgan Stanley Q3 2025 Earnings Call - Record revenue and 23.5% RoTCE as capital markets flywheel reactivates
Morgan Stanley reported a standout third quarter, driven by a broad-based rebound in capital markets and strong flows across wealth and asset management. Management framed the quarter as proof that th...
- Company reported record quarterly revenues of roughly $18.2 billion and EPS around $2.80, with RoTCE of 23.5% reported by management.
- Total client assets across Wealth and Investment Management rose by about $1.3 trillion year over year to $8.9 trillion.
- Wealth Management delivered record results: roughly $7.0 trillion in client assets, record revenues above $8.0 billion, margins expanded to about 30.3% despite a roughly 100 basis point drag from DCP.
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First Horizon Corporation Third Quarter 2025 Earnings Call - 15% Adjusted ROCI, One-Time Main Street Margin Boost, M&A Optionality
First Horizon delivered a tidy operational quarter, reporting adjusted EPS of $0.51 and a 15% adjusted return on tangible common equity, supported by a NIM of 3.55% and $33 million of NII growth. A me...
- Adjusted EPS $0.51, up $0.06 sequentially, driving adjusted return on tangible common equity to 15%.
- Net interest income grew $33 million, net interest margin expanded 15 basis points to 3.55%, but management flagged a one-time boost from Main Street loan accretion that lifted results this quarter.
- CFO guidance on normalized margin is high-330s to low-340s basis points once the one-time Main Street impact is removed.
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Bank Seven Corp Third Quarter 2025 Earnings Call - Organic loan and deposit growth lifts earnings and capital, but margin faces rate-cut and deposit-cost pressure
Bank Seven delivered another quarter defined by muscular organic growth in loans and deposits, strong fee performance and rising capital ratios. Management leaned into the message: bankers keep winnin...
- Organic loan and deposit growth was the headline, management called the quarter very solid and credited front-line bankers for sustained production.
- Management is targeting high single-digit year-over-year loan growth, saying the pipeline is healthy but remains vulnerable to lumpy paydowns as borrowers exit assets.
- Core net interest margin ended the quarter at 4.55%, with management warning rate cuts and deposit-cost pressure could push core NIM down toward the mid 4.4% area.
- +10 more takeaways