Earnings Call Transcripts
Access detailed transcripts and key takeaways from company earnings calls
All Earnings Calls
Boot Barn Holdings Inc. First Quarter Fiscal 2026 Earnings Call - Strong comps, margin expansion and aggressive new-store push amid tariff uncertainty
Boot Barn kicked off fiscal 2026 with a clean beat: Q1 sales rose 19% to $504 million, consolidated comps were up 9.4%, merchandise margin widened 180 basis points, and EPS jumped 38% to $1.74. Manage...
- Q1 revenue climbed 19% year-over-year to $504 million, driven by new-store sales and a 9.4% consolidated same-store sales increase.
- Earnings per diluted share rose 38% to $1.74, supported by a 180 basis-point improvement in merchandise margin and tight expense control.
- Gross profit rose 26% to $197 million; gross profit rate increased 210 basis points to 39.1% versus prior year.
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AMG Second Quarter 2025 Earnings Call - Alternatives now drive majority of EBITDA, setting up a 2026 EPS step-up
AMG spent the quarter doubling down on a bet that is now paying off. Alternatives drove record inflows, lifted organic growth to a 12-year high for the quarter, and pushed alternative strategies to mo...
- AMG reported Q2 2025 economic earnings per share of $5.39, up 15% year over year, boosted by significant share repurchases over the last 18 months.
- Adjusted EBITDA for Q2 was $220 million, up 1% year over year and including $5 million of net performance fee income; fee related earnings rose 4% YoY.
- Net client cash flows in Q2 were more than $8 billion, driven by a record quarter of alternative inflows of $19 billion that more than offset $11 billion of outflows in active equities.
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Comstock Resources Q2 2025 Earnings Call - Western Haynesville De-risking and Cost Cuts Aim to Unlock Value
Comstock used the quarter to push hard on de-risking a massive Western Haynesville position while steadying cash flow from its legacy core. Production was down year over year after a 2024 pullback, bu...
- Western Haynesville footprint now nearly 525,000 net acres, part of a larger 826,741 net-acre prospectivity position for Haynesville and Bossier.
- Company drilled 29 Western Haynesville wells to date, 24 currently producing; five Western wells turned to sales in Q2, two highlighted as among the best Comstock has drilled.
- Q2 production averaged 1.23 Bcfe/d, down 14% vs Q2 2024, reflecting the 2024 rig pullback and deferred completions; but higher realized prices pushed oil and gas sales to $344 million.
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Kite Realty Group Trust Q2 2025 Earnings Call - Leasing Momentum Drives Highest Blended Spreads in Five Years and $1B+ GIC JV
Kite Realty turned in a tidy operational quarter, led by a leasing surge that produced 17% blended cash leasing spreads, the company’s best quarterly result in five years. Management is pitching a del...
- Blended cash leasing spreads in Q2 were 17%, the highest quarterly blended spread for Kite in five years.
- Non-option renewal leasing spreads were roughly 20% in Q2 and 16% over the last 12 months, signaling strong mark to market opportunity.
- New leasing volume more than doubled sequentially, driven by 11 new anchor leases in Q2, including two grocery wins with Whole Foods and Trader Joe’s.
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Broadstone Net Lease Q2 2025 Earnings Call - Build-to-Suit Pipeline and Beat-and-Raise Drive Mid-Single-Digit AFFO Growth
Broadstone reported a beat-and-raise for Q2, lifting 2025 AFFO guidance to $1.48–$1.50 per share, with management pitching a multi-year growth story anchored in a growing build-to-suit program and dis...
- Company raised 2025 AFFO guidance to $1.48–$1.50 per share, midpoint implying ~4.2% AFFO growth year over year.
- Q2 AFFO was $0.38 per share, a 5.6% increase versus Q2 2024 and versus Q1 2025.
- Management is emphasizing a differentiated growth strategy built around build-to-suit developments plus relationship-based regular acquisitions.
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Medical Properties Trust Q2 2025 Earnings Call - Re-tenanted portfolio ramping: $11M Q2 cash rent, $17M expected Q3, $160M annualized by Oct 2026
Medical Properties Trust says the turnaround of re-tenanted hospitals is accelerating, with cash rents from those operators rising to $11 million in Q2, expected to reach roughly $17 million in Q3, an...
- Re-tenanted portfolio cash rent grew to about $11 million in Q2 and is expected to reach roughly $17 million in Q3, validating the retenanting strategy.
- Management reiterated a target of approximately $160 million of fully ramped rent tied to those assets by October 2026, and a company goal of more than $1 billion total annualized cash rent by year-end 2026.
- Normalized FFO was $0.14 per share for Q2 2025, a figure adjusted for mark to market items and equity compensation fair value changes.
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Skyward Specialty Insurance Group Q2 2025 Earnings Call - Underwriting Strength Masks an Investment Drag from Runoff Alternatives
Skyward delivered a standout underwriting quarter, posting adjusted operating income of $37.1 million and a company-best 89.4% combined ratio, driven by targeted growth in agriculture, credit, acciden...
- Adjusted operating income of $37.1 million, or $0.89 per diluted share; net income $38.8 million, or $0.93 per diluted share.
- Gross written premiums grew 18% in the quarter, net written premiums up 14% year over year.
- Company-best combined ratio of 89.4% for Q2, which included 11.4 points of catastrophe losses from convective storms in the South and Midwest.
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Fortune Brands Innovations Second Quarter 2025 Earnings Call - On Track to Fully Offset Tariffs, Digital Reaches $250M–$300M Run Rate
Fortune Brands reported a steady quarter with $1.2 billion in revenue, a 16.5% consolidated margin and a claim that it can fully offset the tariff shock through supply‑chain moves, cost outs, and surg...
- Net revenue $1.2 billion in Q2, down 3% year over year, down 1% excluding China.
- Operating income $199 million, consolidated operating margin 16.5%, GAAP EPS $1 for the quarter.
- Management says the company outperformed its end market by over 200 basis points in core Water and Outdoors, and point of sale trends returned to positive in those segments (ex‑China).
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OMA Second Quarter 2025 Earnings Call - Monterrey Surge Powers Revenue, MDP Seeks Low Single Digit Tariff Lift
Traffic and revenue momentum was concentrated in Monterrey, and OMA is leaning into that strength with a new Master Development Program that channels roughly half of the planned investment to Monterre...
- Total passenger traffic in 2Q25 was 7.2 million, up 11% year over year, with seat capacity up 12%.
- Domestic traffic rose 10% and international traffic grew 19% in the quarter, both driven largely by Monterrey.
- Monterrey accounted for the bulk of new routes and international lift, with routes to LAX, MIA, ORD, SFO, SAT and DEN adding materially to passenger counts.
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Magnolia Oil & Gas Second Quarter 2025 Earnings Call - Better-than-expected well performance cuts capital, lifts production and cash returns
Magnolia used a sweet quarter of well performance to do something every CEO loves, and few deliver: grow production while spending less. Strong Q2 results, driven by Giddings well productivity and sma...
- Q2 financials were strong: adjusted net income $81 million, adjusted EBITDAX $223 million, and free cash flow $107 million.
- Capital efficiency improved sharply, with drilling, completions and facilities capital of $95 million in Q2, implying a reinvestment rate of just 43% of EBITDAX.
- Production hit a company record at 98.2 thousand BOE per day, with oil at a record 40,000 barrels per day; total YoY production growth was 9%, Giddings grew 11%.
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