Earnings Call Transcripts
Access detailed transcripts and key takeaways from company earnings calls
All Earnings Calls
Steve Madden Limited Second Quarter 2025 Earnings Call - Tariff Shock Crushes Wholesale While Kurt Geiger Offers Growth
Steve Madden reported a quarter flattened by tariff disruption that drove order cancellations, shipment delays, and margin pressure even as the Kurt Geiger acquisition padded revenue and DTC mix. Cons...
- Tariff disruption was the dominant theme, causing order cancellations, shipment delays, and higher landed costs that pressured revenue and margins in Q2 2025.
- Consolidated revenue was $559.0 million, a 6.8% increase versus Q2 2024, but excluding the Kurt Geiger acquisition, consolidated revenue declined 10% year over year.
- Wholesale revenue fell to $360.6 million, down 6.4% year over year; excluding Kurt Geiger, wholesale declined 12.8%.
- +13 more takeaways
BrightSpring Health Services Q2 2025 Earnings Call - Specialty Pharmacy and LDD Momentum Lift Revenue and Adjusted EBITDA
BrightSpring reported a strong Q2 with broad-based growth, driven primarily by Pharmacy Solutions where specialty and infusion momentum and limited distribution drug (LDD) wins drove top-line and EBIT...
- Total company revenue was $3.1 billion in Q2 2025, up 29% year over year on continuing operations (Community Living reported as discontinued).
- Total company adjusted EBITDA was $143 million in Q2 2025, also up 29% year over year, with a corporate EBITDA margin of 4.5% that was flat versus prior year.
- Management raised 2025 guidance (continuing ops), now expecting total revenue of $12.2 billion to $12.6 billion and total adjusted EBITDA of $590 million to $605 million, up $20 million at both ends from the prior range.
- +14 more takeaways
Insperity Second Quarter 2025 Earnings Call - Benefits-cost pressure trims 2025, Workday HR Scale pitched as the 2026 fix
Insperity reported Q2 EPS of $0.26 and adjusted EBITDA of $32 million, missing the low end of guidance as healthcare costs ran hotter than expected. Unit growth was modestly positive, retention remain...
- Q2 reported EPS was $0.26 and adjusted EBITDA was $32 million, missing the low end of company guidance by $0.03 per share and $1 million respectively.
- Average paid worksite employees rose 0.7% year over year to 309,115, with worksite employees from new sales up 2% versus Q2 2024.
- Client retention averaged 99% per month in Q2, in line with prior year results.
- +14 more takeaways
Fluor Q2 2025 Earnings Call - NuScale Mark-to-Market Boost Masks Execution Strains and Cash Tightening
Fluor reported a $4.0 billion quarter, but the headline GAAP uplift was dominated by a $3.2 billion pre-tax mark-to-market gain on its NuScale stake. Under the surface the business shows familiar engi...
- GAAP headline was skewed by a $3.2 billion pre-tax mark-to-market gain on NuScale, with a related tax impact of $757 million.
- Reported revenue was $4.0 billion in Q2 2025, with consolidated new awards of $1.8 billion, 72% reimbursable.
- Company recognized $1.7 billion of positive backlog adjustments tied to scope changes on reimbursable work, largely in Urban Solutions, which deferred about $13 million of PGM this quarter.
- +16 more takeaways
Urban Edge Properties Q2 2025 Earnings Call - Retail rebound, record occupancy and accretive capital recycling lift guidance
Urban Edge reported a strong Q2, driven by rising occupancy, robust leasing spreads and active capital recycling. FFO as adjusted rose to $0.36 for the quarter, up 12% year over year, and management r...
- FFO as adjusted was $0.36 in Q2, up 12% year over year, and guidance was raised by $0.02 to $1.40 to $1.44 for 2025.
- Same property NOI, including redevelopment, grew 7.4% in the quarter, or 5.6% excluding $1.2 million of nonrecurring tenant billings.
- Portfolio occupancy improved to 96.7%, shop occupancy hit a record 92.5%, and management sees room to push shop occupancy to 93–94%.
- +11 more takeaways
Quaker Houghton Q2 2025 Earnings Call - Asia Pacific Share Gains and Additional $20M Cost Plan Aim to Offset Tariff Headwinds
Quaker Houghton delivered a resilient Q2: $483 million in sales, +4% year-over-year, driven by 2% organic volume growth and a heavy dose of Asia Pacific outperformance. Management leaned into the play...
- Q2 net sales $483 million, up 4% year-over-year.
- Organic volumes increased 2% year-over-year, helped by roughly 5% new business wins; acquisitions contributed ~6% to sales.
- Adjusted EBITDA $75.5 million, adjusted EBITDA margin 15.6%; gross margin 36%, modestly below prior-quarter 36.4% and below near-record 2024 levels.
- +11 more takeaways
Cinemark Holdings Inc. 2Q 2025 Earnings Call - Surging summer slate fuels record revenue and margin expansion, enabling cash settlement of convertible notes
Cinemark rode a blockbuster summer to one of its most profitable quarters since the pre-pandemic boom. A family-heavy film slate and steady weekly releases pushed North American box office higher, dri...
- North American industry box office in 2Q reached $2.7 billion, up more than 35% year over year, flipping YTD tracking from a 12% deficit to a 14% gain versus 2023 by end of June.
- Cinemark reported worldwide revenue of $940.5 million in 2Q, a 28% year-over-year increase, and entertained 57.9 million patrons globally.
- Adjusted EBITDA rose 63% to $232.2 million, with adjusted EBITDA margin expanding 530 basis points to 24.7%, marking the company’s second-highest quarterly adjusted EBITDA on record.
- +16 more takeaways
AXIS Capital Q2 2025 Earnings Call - Record operating ROE and disciplined underwriting drive profitable growth
AXIS delivered a standout Q2 2025, posting a 19% annualized operating return on common equity, record diluted book value per share of $70.34 (up 18.6% YoY), and operating EPS of $3.29. The company gre...
- Operating return on common equity (annualized) was 19% for Q2 2025.
- Diluted book value per common share reached a record $70.34, up 18.6% year over year.
- Operating earnings per diluted share hit an all-time high of $3.29, up 12% versus prior-year quarter.
- +17 more takeaways
Chef's Warehouse Q2 2025 Earnings Call - Raised FY25 Guidance as Integration and Margin Gains Start to Show
Chef’s Warehouse reported a strong Q2 2025, with revenue up 8.4% to $1.035 billion and gross profit rising 11.1% to $254.3 million. Management is explicitly pruning low-margin, high-volume commodity p...
- Net sales rose 8.4% year over year to $1,035,000,000 in Q2 2025, up from $954,700,000 a year ago.
- Reported net inflation for the quarter was 7.2%, comprised of roughly 5.0% specialty inflation and 10.8% center of the plate inflation.
- Excluding the impact of the Texas commodity poultry and produce processing/packaging program exits, company‑wide inflation drops to about 3.0%, specialty inflation to ~2.3%, and center of the plate inflation to ~4.1%.
- +13 more takeaways
Etsy Q2 2025 Earnings Call - App-first AI push and Depop surge start to reverse GMS decline
Etsy beat top-line expectations in Q2 2025 while adjusted EBITDA margin held in line with guidance, as management points to an intentional strategic shift to an app-first, personalization and AI-led g...
- Strategic pivot matters: management says a mid-2024 shift to an app-first, customer relationship flywheel is now producing early, measurable gains in engagement and GMS trends.
- GMS and revenue snapshot: consolidated GMS $2.8B, down 4.8% y/y as reported; excluding Reverb GMS down ~2.6% y/y. Consolidated revenue roughly $673M, up about 4%.
- Profitability intact: adjusted EBITDA $169M, margin 25.1%, with Etsy core marketplace being managed to the high twenties in adjusted EBITDA margin.
- +12 more takeaways