Earnings Call Transcripts

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All Earnings Calls

BIO October 14, 2025

Bio-Rad Laboratories Q2 2025 Earnings Call - Process chromatography surge, Stilla lift ddPCR, tariffs ease margin pressure

Bio-Rad delivered a beat in Q2 with $652 million in sales, modest organic growth, and an upgraded outlook driven by a stronger-than-expected process chromatography business, the closing of the Stilla ...

  • Q2 revenue $652 million, up 2.1% reported versus Q2 2024, and roughly 1% on a currency-neutral basis.
  • Life Science sales were $263 million, up 4.9% reported and 3.8% currency neutral, led by process chromatography and food safety products.
  • Process chromatography showed strong double-digit growth for the quarter, with approximately 20% of process chromatography orders pulled into Q2 by customers.
  • +12 more takeaways
NVST October 14, 2025

Envista Holdings Corporation Second Quarter 2025 Earnings Call - Guidance Raised as Ops Progress Offsets FX and Tariff Headwinds

Envista turned in a constructive quarter, posting $682 million in sales and 5.6% core growth, and used that momentum to lift full year targets. Adjusted EBITDA margin widened to 12.4% and adjusted EPS...

  • Q2 sales $682 million, core revenue growth 5.6% year over year, with FX adding roughly 200 basis points to reported growth.
  • Adjusted EBITDA margin 12.4%, up 240 basis points versus Q2 2024; adjusted EPS $0.26, up $0.15 year over year.
  • 2025 guidance raised: core revenue growth to 3 to 4% (from 1 to 3%), adjusted EPS to $1.05 to $1.15 (up $0.10), adjusted EBITDA margin unchanged at about 14%.
  • +13 more takeaways
WK October 14, 2025

Workiva Q2 2025 Earnings Call - Platform-led subscription growth lifts revenue and margins despite sustainability moderation

Workiva posted a strong Q2, beating the high end of revenue guidance with $215 million in total revenue and $198 million in subscription revenue, driving 21% and 23% year over year growth respectively...

  • Q2 results beat: Total revenue $215 million, up 21% year over year; subscription revenue $198 million, up 23% year over year, beating the high end of guidance by $5 million.
  • Raised full-year revenue guide to $870 million to $873 million and increased non-GAAP operating margin guidance to 7% to 7.5% for 2025, reflecting anticipated margin expansion in H2.
  • Q3 guidance: total revenue $218 million to $220 million; company expects services revenue to be down year over year as low margin services shift to partners.
  • +12 more takeaways
MARA October 14, 2025

Marathon Digital Holdings Q2 2025 Earnings Call - Record quarter; treasury tops 50,000 BTC as company pivots to digital energy and sovereign AI compute

Marathon reported a blockbuster Q2 2025, with record revenues, EBITDA and net income driven by higher Bitcoin prices and expanded hash rate. The company crossed a major milestone, surpassing 50,000 BT...

  • Q2 2025 was a record quarter for Marathon, with revenues rising 64% year over year to $238.5 million, driven materially by a ~50% rise in average Bitcoin price.
  • Net income was $808.2 million, or $1.84 per diluted share, reversing a loss from the prior-year quarter; the quarter included a $1.2 billion gain on digital assets.
  • Energized hash rate grew sharply, to 57.4 exahash per second, roughly an 82% increase from about 31.5 EH/s a year earlier.
  • +16 more takeaways
TTAM October 14, 2025

Titan America Second Quarter 2025 Earnings Call - Reaffirmed 2025 Outlook on Strong Order Book Despite Weather and Residential Softness

Titan America reported a resilient Q2 2025, reiterating full‑year guidance as management leans on a strong order book, vertical integration and recent capacity builds to offset weather disruption and ...

  • Reaffirmed full‑year 2025 outlook: mid single‑digit revenue growth and modest EBITDA margin improvement, driven by a strong order book and easier comps versus 2024 hurricane impacts.
  • Q2 revenue $429.0 million versus $433.0 million in prior year, adjusted EBITDA $99.0 million versus $117.0 million prior year, reflecting weather and maintenance timing headwinds.
  • H1 adjusted EBITDA margin 21.8% versus 22.6% prior year, free cash flow for six months $26.1 million (cash from ops $108.1M, capex $82.0M).
  • +14 more takeaways
FND October 14, 2025

Floor & Decor Holdings Fiscal 2025 Second Quarter Earnings Call - Margins hold as pricing, tariff mitigation and store growth offset weak housing

Floor & Decor delivered a defensive quarter, posting a first positive comparable-store comp since late 2022 while protecting margins amid a messy tariff backdrop and ongoing housing weakness. Sales ro...

  • Q2 results: sales +7.1% to $1.214 billion, diluted EPS +11.5% to $0.58, comparable-store sales +0.4%, the first positive comp since Q4 2022.
  • Gross margin expanded roughly 60 basis points to 43.9% in Q2, driven primarily by lower supply chain costs; CFO said Q2 will be the high quarter for the year.
  • Adjusted EBITDA in Q2 was $150.2 million, up 9.7% year over year, with an adjusted EBITDA margin of 12.4% (up ~30 bps).
  • +15 more takeaways
QRVO October 14, 2025

Qorvo First Quarter 2026 Earnings Call - Margins Climb as Defense and Premium Phone Content Offset Android Exit

Qorvo posted a stronger-than-expected start to fiscal 2026, with Q1 revenue of $819 million, non-GAAP gross margin of 44%, and non-GAAP EPS of $0.92. Management credits improving margins to mix shifts...

  • Q1 results topped guidance: revenue $819M, non-GAAP gross margin 44%, non-GAAP diluted EPS $0.92.
  • Q2 fiscal guidance is aggressive: revenue $1.025B +/- $50M, non-GAAP gross margin 48%–50%, non-GAAP EPS $2.00 +/- $0.25.
  • Largest customer remains critical, representing ~41% of revenue; management expects >10% year-over-year content growth on the ramping fall platform.
  • +12 more takeaways
COLM October 14, 2025

Columbia Sportswear Company Q2 2025 Earnings Call - Tariff Uncertainty Forces Absorption of $35-40M Hit and Cautious U.S. Posture

Columbia reported a mixed Q2: net sales rose 6% to $605 million, gross margin expanded 120 basis points to 49.1%, but the company posted a small loss per share of $0.19 as U.S. demand softened and man...

  • Q2 net sales increased 6% year over year to $605 million, slightly ahead of the company outlook, driven by earlier fall wholesale shipments.
  • Gross margin expanded 120 basis points to 49.1% in Q2, helped by fewer closeouts and timing of shipments, even as management flags tariff pressure ahead.
  • Reported loss per share improved slightly to $0.19 versus $0.20 a year ago.
  • +12 more takeaways
CZR October 14, 2025

Caesars Entertainment Second Quarter 2025 Earnings Call - Digital momentum keeps $500M EBITDA target on track despite soft Vegas summer

Caesars posted Q2 consolidated net revenue of $2.9 billion and adjusted EBITDAR of $955 million, but the headline is the digital business. Caesars Digital set an all time quarterly adjusted EBITDA rec...

  • Consolidated Q2 results: net revenue $2.9 billion, adjusted EBITDAR $955 million.
  • Digital delivered a record quarter, net revenue $343 million, adjusted EBITDA $80 million, up 100% year over year for EBITDA.
  • On a trailing 12 month basis, Caesars Digital has generated about $200 million of adjusted EBITDA, keeping the company on track for its $500 million plus EBITDA target for 2026.
  • +13 more takeaways
ST October 14, 2025

Sensata Technologies Q2 2025 Earnings Call - Strong execution lifts margins and cash conversion, while China NEV wins and leak detection fuel a return to growth

Sensata reported a clean, execution-driven quarter: revenue recovered sequentially, adjusted operating margins held at 19%, and free cash flow conversion surged to 91%. Management framed the results a...

  • Sensata beat the high end of guidance for a second consecutive quarter, delivering revenue of about $943 million, adjusted operating income of ~$179 million, and adjusted EPS of $0.87 in Q2 2025.
  • Free cash flow was $116 million in the quarter, a 91% conversion of adjusted net income, up sharply from 74% in Q1 2025 and a 20 percentage point improvement versus 2024.
  • Management emphasized a three pillar transformation: operational excellence, optimized capital allocation, and a return to growth, with six core operational initiatives including plant benchmarking, commercial excellence and procurement optimization.
  • +12 more takeaways