Earnings Call Transcripts
Access detailed transcripts and key takeaways from company earnings calls
All Earnings Calls
Modine Manufacturing Q1 FY2026 Earnings Call - Data-center-led guide lift, $100M capex to chase $2B target
Modine kicked off FY2026 by raising its revenue and earnings outlook, driven by explosive North American data center demand and three strategic HVAC acquisitions. Management announced an incremental $...
- Company raised fiscal 2026 revenue guidance to 10%–15% growth, up from 2%–10% previously, driven by acquisitions and data center momentum.
- Climate Solutions revenue rose 11% in Q1 and adjusted EBITDA improved 10%, with a segment adjusted EBITDA margin of 20%.
- Data center sales grew $24 million or 15% year over year in Q1; North America HVAC technology sales were up $17 million or 34%.
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Agree Realty Corporation Q2 2025 Earnings Call - Aggressive Growth: Raising Investment Guidance to $1.4–$1.6B
Agree Realty used Q2 to broadcast that its war chest and deal engine are humming. Management has invested more than $725 million year to date, raised full year investment guidance to $1.4 to $1.6 bill...
- Management raised full-year investment volume guidance to $1.4–$1.6 billion, up from prior guidance, with the midpoint representing a 58% increase over 2024 investment volume.
- Year to date Agree has invested over $725 million across its three external growth platforms, more than double the first half of last year.
- AFFO per share guidance was increased by $0.02 at the midpoint to a new range of $4.29–$4.32, implying over 4% year-over-year growth at the midpoint.
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Black Hills Corporation Q2 2025 Earnings Call - Reaffirmed Guidance as Data Centers Fuel Long-Term Growth
Black Hills delivered a solid Q2 2025, reaffirming full-year EPS guidance of $4.00 to $4.20 and positioning the company to reach the upper half of its 4% to 6% long-term EPS CAGR beginning in 2026. Q2...
- Reaffirmed 2025 EPS guidance of $4.00 to $4.20, midpoint implies 5% growth vs. 2024.
- Q2 EPS $0.38, up from $0.33 a year ago, with $0.22 per share of new margins largely from new rates and rider recovery.
- Company maintains confidence to deliver in the upper half of its 4% to 6% long-term EPS CAGR starting in 2026, excluding incremental data center upside.
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Ingredion Q2 2025 Earnings Call - Texture and Healthful Solutions Carry the Quarter as Management Stays Cautious on Tariffs and LATAM
Ingredion posted its strongest Q2 on record for operating income, driven by a breakout quarter in Texture and Healthful Solutions where volume, clean label demand, and procurement gains pushed margins...
- Ingredion reported Q2 2025 net sales of $1.8 billion, down 2% year over year, but adjusted operating income rose to $273 million, the highest second quarter in company history.
- Gross margin expanded 230 basis points to 26%, driven by mix, lower raw material input volatility, and operational improvements.
- Texture and Healthful Solutions was the clear engine: net sales up 2% and volume up 3%, while operating income jumped 29% to deliver an 18.5% segment margin and a 400 basis point margin expansion.
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CubeSmart Q2 2025 Earnings Call - Stabilization Gains Momentum, Guidance Raised but High-End Trimmed
CubeSmart delivered a quarter that looks less like damage control and more like steady repair. Operating trends that began stabilizing in Q1 continued through Q2 and into July, prompting management to...
- Company raised full-year guidance at the midpoint but narrowed the top end, citing that stronger demand scenarios are unlikely in the near term.
- Same-store revenue declined 0.5% in Q2, while same-store NOI declined 1.1% for the quarter.
- Average same-store occupancy fell 80 basis points to 90.6% in Q2, but trough-to-peak occupancy improved 190 basis points (vs 180 bps last year).
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Valaris Second Quarter 2025 Earnings Call - Floater pipeline converts, $4.7B backlog and three drillships fixed above $400k/day
Valaris reported a quarter that looked like execution meeting opportunity. Operations stayed tight, with fleetwide revenue efficiency at 96% and no lost time incidents in H1, driving adjusted EBITDA o...
- Revenue efficiency 96% across the fleet in Q2; H1 completed with zero lost time incidents, underscoring operational discipline.
- Adjusted EBITDA of $201 million and adjusted free cash flow of $63 million for Q2; Q2 adjusted EBITDA beat guidance due in part to a $24 million favorable arbitration outcome.
- Total contract backlog rose to approximately $4.7 billion, up more than $1 billion since Q1, the highest backlog this decade.
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Schneider National Inc. Q2 2025 Earnings Call - Restoring margins through allocation discipline, dedicated shift, and cost cuts; EPS guide $0.75–$0.95
Schneider spent the quarter proving a playbook that is part survival, part runway. Management reported sequential margin recovery driven by disciplined customer freight allocations, ongoing cost reduc...
- Enterprise revenues excluding fuel surcharge were about $1.3 billion, up 10% year over year in Q2 2025.
- Adjusted income from operations was $57 million, a 9% increase year over year; adjusted diluted EPS was $0.21 for the quarter.
- Full year adjusted EPS guidance was updated to $0.75 to $0.95, with management trimming the high end to reflect trade policy uncertainty and weaker spot rate trends into July.
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Tetra Tech Q3 FY2025 Earnings Call - Record operating income and margins on disaster-response surge and USAID cash collections
Tetra Tech delivered an unusually strong Q3, posting record operating income and EPS driven by rapid mobilization for California fire recovery and the near-complete collection of outstanding USAID inv...
- Tetra Tech reported record quarterly operating income and EPS, the highest in company history for any quarter.
- Net revenue excluding USAID and Department of State was $1.06 billion, up 11% year over year.
- Operating income for the quarter was $159 million, up 37% year over year; EPS was $0.41, up 46% year over year.
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Murphy USA Q2 2025 Earnings Call - Retail Fuel Margins and Cost Cuts Cushion Weak Volumes, Store Build Accelerates
Murphy USA reported a soft second quarter on volumes but a sturdier underlying business than headline APSM figures imply. Same-store fuel volumes fell about 3.2% in Q2, yet July has rebounded to rough...
- Q2 same-store fuel volumes declined about 3.2% on an average-per-store-month basis, with June showing deeper weakness; July volumes were running at roughly 100% of prior year with a few reporting days left in the month.
- Fuel prices stayed range-bound with low volatility, and retail fuel margins proved resilient, improving about 80 basis points year to date; lower credit card fees contributed roughly 13 basis points of benefit.
- Merchandise contribution guidance was revised toward the low end of the $855 million to $875 million range, but Murphy USA-branded stores were up 8.9% in merchandise contribution for the quarter when excluding cigarettes and lottery.
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Colliers International Group Inc. Second Quarter 2025 Earnings Call - Engineering-Led Beat, Raised Outlook
Colliers posted a beat driven by an outsized Engineering quarter, prompting management to raise full-year guidance even as Leasing softened. Revenue came in at $1.3 billion, up 17% year over year, wit...
- Revenue $1.3 billion, up 17% year over year, with adjusted EBITDA of $180 million, up 15% y/y.
- Management reported internal revenue growth of 4% for the quarter.
- Engineering was the primary driver: net revenue jumped 70%, with ~8% organic growth and net margin improving to 13.7%.
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