Earnings Call Transcripts
Access detailed transcripts and key takeaways from company earnings calls
All Earnings Calls
AptarGroup Q2 2025 Earnings Call - EPS Beat Led by Pharma and Closures; CHC Weakness and IP Litigation Add Near-Term Risk
AptarGroup topped the high end of guidance in Q2, reporting adjusted EPS of $1.66, an 18% year‑over‑year jump, powered by Pharma, Closures and margin gains. Reported sales rose 6% with a roughly 3% FX...
- Adjusted EPS $1.66 in Q2 2025, up 18% year over year, beating the high end of guidance.
- Reported sales rose 6% in Q2, including a ~3% foreign currency translation tailwind; core sales increased 3%.
- Adjusted EBITDA was $218 million, a 13% increase versus prior year; consolidated adjusted EBITDA margin expanded to 22.6% (up 140 bps).
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Oshkosh Corporation Second Quarter 2025 Earnings Call - Beat and raise, 2028 margin transformation on track despite tariffs
Oshkosh reported a clean beat and raise for Q2 2025, with revenue of $2.7 billion, adjusted operating margin of 11.5% and adjusted EPS of $3.41, up 2.1% year over year. Management reiterated its 2028 ...
- Q2 revenue was $2.7 billion, down 4% year over year, with adjusted operating income margin of 11.5% and adjusted EPS of $3.41, up 2.1% year over year.
- Management reiterated 2028 targets: 7 to 10% compound annual revenue growth and 200 to 400 basis points of margin expansion, and an EPS target of $18 to $22 in 2028.
- Company raised full year free cash flow guidance from $300–$400 million to $400–$500 million, citing tax law changes and operating performance.
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Arbor Realty Trust Q2 2025 Earnings Call - Balance-sheet makeover lands $500M unsecured, but REO drag makes 2025 a transition year
Arbor used the first half of 2025 to rework the right side of the balance sheet, closing a transformational $500 million unsecured high-yield deal (Moody’s and Fitch BB), an $800 million build-to-rent...
- Arbor completed a transformational $500 million unsecured high-yield bond offering in early July, used to retire convertible debt and add liquidity, and secured BB ratings from Moody’s and Fitch.
- Management closed $2.5 billion of capital markets transactions in H1 2025, including an $800 million build-to-rent securitization and a $1.1 billion repurchase facility with J.P. Morgan to redeem two CLOs.
- The $800 million build-to-rent securitization is billed as an industry first for Arbor, includes enhanced leverage and a two-year replenishment period, and is intended to scale the single-family rental (SFR) platform.
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Liberty Global Q2 2025 Earnings Call - Plans to Separate Remaining Assets to Close Conglomerate Discount
Liberty Global reported Q2 results largely in line with guidance, but the call was dominated by strategy not spreadsheets. Management framed the quarter as evidence the business is operationally stead...
- Management message: primary focus is creating shareholder value, via Liberty Telecom, Liberty Growth, and Liberty Services.
- Asset separation plan announced, targeting one or more transactions in the next 12 to 24 months, using spin-offs, tracking stocks, IPOs or other structures to reduce conglomerate discount.
- Sunrise spin-off cited as proof of concept, trading at about 8 times EBITDA versus 5.5 times when inside Liberty Global, illustrating the valuation gap.
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Vita Coco Company Second Quarter 2025 Earnings Call - Branded Growth Accelerates While Tariffs and Freight Squeeze Margins
Vita Coco reported a clean top line beat in Q2 2025 as branded coconut water demand re-accelerated across the U.S. and Europe, led by a 25% increase in Vita Coco coconut water and a 102% jump in other...
- Net sales $169.0M in Q2 2025, up 17% year over year, driven by branded coconut water and new product launches.
- Vita Coco coconut water revenue rose 25% in the quarter; coconut water volumes increased about 21% year over year.
- Other products category grew 102%, largely reflecting the national roll out of Vita Coco Treats, which the company says would have added roughly 4 percentage points to U.S. retail scan growth if consolidated.
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AES Corporation Q2 2025 Earnings Call - 12 GW Safe-Harbored Backlog and 56% Renewables EBITDA Surge Keep Guidance Intact
AES reported a clean quarter, reaffirming full-year 2025 guidance and long-term targets while leaning on a protected pipeline of renewables and storage. Renewables adjusted EBITDA jumped 56% to $240 m...
- AES reaffirmed 2025 guidance, including adjusted EBITDA of $2.65 to $2.85 billion and adjusted EPS of $2.10 to $2.26.
- Q2 adjusted EBITDA was $681 million, adjusted EPS was $0.51, both in line with management expectations.
- Renewables SBU delivered $240 million of adjusted EBITDA in Q2, a 56% year over year increase driven by 3.2 GW of new capacity added over the last four quarters.
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Northern Oil and Gas Q2 2025 Earnings Call - Cash Generation and a Clear Pivot from Drilling to Acquisitions
Northern Oil and Gas posted another quarter that looks good on the scoreboard but feels like a strategic pivot in motion. Q2 delivered strong cash flow and EBITDA, a rapidly growing wells-in-process l...
- Q2 production: ~134,000 boe/d, up 9% year over year, flat sequentially.
- Oil production ~77,000 bbl/d, up 10.5% YoY and down ~2% sequentially due to Williston activity pullback.
- Record gas volumes of ~343 mmcf/d; natural gas realizations fell to 82% of benchmark from 100% last quarter, pressured by WAHA weakness, lower NGLs, and seasonal Appalachian softness.
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WesBanco Q2 2025 Earnings Call - Premier conversion lifts NIM, fee income and organic growth
WesBanco used its Premier Financial Corp. acquisition as a catalyst this quarter, completing a large customer data system conversion and reporting sharply improved profitability metrics. Excluding mer...
- Q2 2025 GAAP net income to common shareholders was $54.9 million, or $0.57 per share; excluding merger and restructuring charges net income was $87.3 million, or $0.91 per diluted share.
- Net interest margin improved to 3.59% in Q2, a 24 basis point sequential increase and 64 basis points year over year, aided by higher loan and securities yields, lower funding costs, and 37 basis points of purchase accounting accretion from Premier.
- Fee income rose 40% year over year to $44 million, driven by trust fees, service charges, electronic banking fees, and securities brokerage revenue; trust and brokerage assets under management and account values are about $10 billion.
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Healthcare Realty Trust Q2 2025 Earnings Call - Strategic pivot to operations-first plan, dividend cut and $300M reinvestment to unlock lease-up upside
Healthcare Realty rolled out a clear break-from-the-past plan, dubbed Healthcare Realty 2.0, shifting from a transactions-first model to an operations and asset-management focus. Management cut the di...
- Healthcare Realty 2.0 announced, shifting company culture from transactions-driven to operations/asset-management oriented with earnings growth prioritized.
- Dividend reduced 23% to $0.24 per share quarterly, intended to free approximately $100 million annually for reinvestment and relieve pressure from $1.4 billion of near-term low-coupon maturities.
- Normalized FFO per share for Q2 was $0.41, a $0.02 sequential increase; FAD was $0.33 per share, a $0.04 sequential increase.
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Brookfield Business Partners Q2 2025 Earnings Call - Seeds Evergreen Secondary at 8.6% Discount, Unlocks $690M Redemption Value
Brookfield Business Partners delivered a solid Q2 with adjusted EBITDA of $591 million, up from $524 million a year earlier, and adjusted EFO of $234 million. Management used the quarter to surface li...
- Adjusted EBITDA rose to $591 million in Q2 2025, up from $524 million a year earlier; adjusted EFO was $234 million for the quarter.
- Management realized more than $800 million from asset sales and distributions over recent months, and invested roughly $300 million to buy two market-leading businesses.
- Brookfield sold portions of its interest in three businesses into Brookfield’s Evergreen Fund and received units with an initial redemption value of $690 million, representing an aggregate 8.6% discount to the NAV of the interests sold.
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