Earnings Call Transcripts
Access detailed transcripts and key takeaways from company earnings calls
All Earnings Calls
VPG Q4 2025 Earnings Call - Sensors Ramp and Backlog Hit Multi-Year High, Company Targets $45M in 2026 Business Development Orders
VPG closed Q4 2025 with $80.6 million in revenue, an 11% year-over-year gain, and delivered a fifth consecutive quarter with book-to-bill above 1, at 1.01. The Sensors business led the momentum, with ...
- Revenue $80.6M in Q4 2025, up 11% year-over-year and 1% sequentially.
- Fifth consecutive quarter with book-to-bill at or above 1, Q4 book-to-bill 1.01; consolidated orders $81.3M, up 2% sequentially.
- Sensors segment is the growth engine: Q4 bookings up 4% sequentially and 30% year-over-year, book-to-bill 1.15, backlog at highest level since Q3 2023.
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Terex Fourth Quarter 2025 Earnings Call - REV Merger Rewires Terex, $75M Synergy Target and More Predictable Cash Flow
Terex closed its REV Group merger in early February, reshaping the company into a larger specialty equipment OEM and signaling a strategic pivot toward more predictable, low-cyclical end markets. Mana...
- Terex closed the REV Group merger, adding roughly $2.5 billion of revenue and about $230 million of adjusted EBITDA from REV’s last fiscal year, and created a new Specialty Vehicle reportable segment.
- Management expects $75 million of run-rate synergies from the REV transaction, with about $37.5 million realized within the next 12 months and full delivery by 2028, early savings coming from duplicate corporate costs.
- 2025 reported results met guidance: EPS $4.93, EBITDA $635 million (11.7% margin), free cash flow $325 million, and cash conversion of 147%.
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AIG 4Q 2025 Earnings Call - Underwriting Discipline and GenAI-Fueled Growth Point to Low-to-Mid-Teens NWP Growth in 2026
AIG closed 2025 with a clean, profitable year and a message of momentum. Fourth quarter adjusted after-tax income per diluted share was $1.96, underwriting income was $670 million, and the accident ye...
- Fourth quarter adjusted after-tax income per diluted share was $1.96, up 51% year-over-year; full-year APTI per diluted share was $7.09, up 43% year-over-year.
- Underwriting income: $670 million in Q4 (up 48% YoY) and $2.3 billion for full-year 2025, the first year above $2 billion (excluding divested businesses) since 2008.
- Accident year combined ratio, as adjusted, was 88.9% in Q4 and 88.3% for the full year; Q4 marked the 17th consecutive sub-90% quarter.
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Shopify Q4 2025 Earnings Call - Lays rails for agentic AI commerce while delivering record growth and cash generation
Shopify closed 2025 with headline growth and a clear strategic pivot. GMV rose 29% to $378 billion and revenue climbed 30% to roughly $11.6 billion, while Q4 delivered the first quarter above $3 billi...
- Growth and scale: 2025 GMV rose 29% to $378 billion; revenue up 30% to about $11.6 billion; Q4 was the first quarter with revenue above $3 billion.
- Cash generation: Free cash flow exceeded $2 billion in 2025, yielding a free cash flow margin in the high teens and 10 consecutive quarters of double-digit FCF margin.
- Margin and efficiency: Q4 operating expenses were 29% of revenue and full-year OpEx fell to 35% of revenue, improving leverage across R&D, S&M, and G&A.
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Unity Q4 2025 Earnings Call - Vector Scaling Fast, Poised for >$1B Run Rate as ironSource Fades
Unity closed 2025 with clear momentum: Vector, the AI-powered ad product, delivered the third consecutive quarter of mid-teen sequential growth, January was Vector's single best month and Vector reven...
- Vector, Unity’s AI-driven advertising product, logged its third consecutive quarter of mid-teen sequential revenue growth and grew 53% in the first three quarters since launch.
- January was Vector’s best month ever, 72% larger than January of the prior year, and management expects Vector to exceed a $1 billion annual run rate by end of 2026.
- Vector represented 56% of Grow revenue in Q4; ironSource ad network declined $7 million sequentially and was 11% of Grow in Q4 but is expected to be less than 6% of total Unity revenue in Q1 and to shrink further.
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Crown Crafts Fiscal Year 2026 Third Quarter Earnings Call - Tariffs Squeeze Margins, Insurance Windfall Masks Underlying Weakness
Crown Crafts reported a down quarter in sales while eking out higher net income, but the headline profit improvement is a patch, not a trend. Net sales fell to $20.7 million from $23.4 million year ov...
- Net sales declined to $20.7 million in Q3 FY2026, down from $23.4 million a year ago, with the entire sales shortfall concentrated in the bedding category, especially toddler bedding.
- Net income rose to $1.5 million versus $0.9 million a year ago, but that improvement was materially aided by a $2.5 million insurance recovery tied to a reps and warranties claim from a recent acquisition.
- Gross profit fell to $4.9 million and gross margin compressed to 23.5% from 26.1%, primarily due to higher tariffs on China imports and certain one-time licensing and insurance-related costs.
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Centrus Energy Fourth Quarter and Full Year 2025 Earnings Call - $900M DOE HALEU Award Backs 12 MT HALEU Buildout, First Cascade by 2029
Centrus used 2025 to transition from contractor to builder. The headline is a Department of Energy selection for a $900 million HALEU Enrichment Award, potentially topping $1 billion, which anchors a ...
- DOE selected Centrus for a $900 million HALEU Enrichment Award, which could exceed $1.0 billion with options; award remains subject to final negotiation and milestone-based payments.
- Centrus plans a base-case HALEU capacity of 12 metric tons per year, with the first new centrifuge cascade expected to be operational in 2029; further capacity is contingent on offtake and capital.
- Full year 2025 results: revenue $448.7 million, gross profit $117.5 million, net income $77.8 million.
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Centrus Energy Q4 2025 Earnings Call - $900M DOE Award Anchors 12 t/yr HALEU Buildout, First Cascade Expected 2029
Centrus closed 2025 with solid headline results and a clear pivot to industrial-scale enrichment. Revenue was $448.7 million, gross profit $117.5 million, and net income $77.8 million, supported by a ...
- DOE selected Centrus for a $900 million HALEU Enrichment Award in January 2026, with the award potentially rising to just over $1 billion after options and negotiation.
- Centrus plans a base-case HALEU capacity of 12 metric tons per year, intended to be online before the end of the decade, with the first new centrifuge cascade expected in 2029.
- 2025 financials: revenue $448.7 million, gross profit $117.5 million, net income $77.8 million, and unrestricted cash of approximately $2.0 billion at year-end.
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Urban Edge Properties 2025 Year-End Earnings Call - Pipeline and record lease spreads drove 6% FFO growth
Urban Edge closed 2025 on a clear growth axis: signed-but-not-open leasing and disciplined redevelopment. FFO as adjusted rose to $1.43 per share, up 6% year over year, supported by a 32% same-space c...
- FFO as adjusted was $1.43 per share in 2025, up 6% year over year and outpacing the 2023 Investor Day target of $1.35.
- Same-property NOI rose 5% for the full year, with Q4 same-property NOI, including redevelopment, up 2.9%; Q4 was pressured by higher snow removal costs that subtracted about 110 basis points.
- New lease pricing power is exceptional: 58 new leases in 2025 produced a record same-space cash rent spread of 32%, and new lease spreads have exceeded 20% for four consecutive years. Management expects new-lease spreads to remain above 20% in 2026.
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FLEX LNG Q4 2025 Earnings Call - Strong cash and fat dividend, but 2026 TCE hinges on three spot-exposed vessels
FLEX LNG delivered results in line with guidance for 2025, reporting full year revenues of $340m, a TCE of about $72,000 per day, adjusted EBITDA of $251m and adjusted net income of $101m. The company...
- Q4 2025 revenues were $87.5m, or $85m excluding EU Emissions Trading allowances, with Q4 TCE averaging roughly $71,100 per day.
- Full year 2025: revenues $340m, average TCE $72,000 per day, adjusted EBITDA $251m, adjusted net income $101m, all in line with guidance.
- Cash position strong at $448m year-end, and no debt maturities before 2029, giving FLEX notable financial flexibility.
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