Earnings Call Transcripts
Access detailed transcripts and key takeaways from company earnings calls
All Earnings Calls
InvenTrust Second Quarter 2025 Earnings Call - Raises Same-Property NOI Guidance to 4%-5% and Reallocates Capital from California into Sunbelt
InvenTrust reported another quarter of steady operational performance, raising full-year same-property NOI growth to 4% to 5% while keeping NAREIT and core FFO guidance intact. Occupancy sits near rec...
- Raised full-year same-property NOI growth guidance to 4% to 5%, up from prior guidance, reflecting stronger-than-expected organic rent and occupancy performance.
- Q2 same-property NOI was $42.6 million, up 4.8% year over year; year-to-date same-property NOI was $85.1 million, up 5.6% versus 2024.
- NAREIT FFO for Q2 was $35.5 million, or $0.45 per diluted share, a 2.3% increase year over year; core FFO was $0.44 per diluted share, also up 2.3%.
- +12 more takeaways
Ashland Inc. Q3 FY2025 Earnings Call - Portfolio cleanup and cost cuts held margins as volumes disappointed
Ashland delivered a steady margin story in a weak-volume quarter, but the numbers hide tension. Sales fell 15% year over year to $463 million, including a $53 million hit from completed portfolio opti...
- Revenue $463 million, down 15% YoY, including a $53 million reduction from portfolio optimization; organic sales down ~5% driven by lower volumes.
- Adjusted EBITDA $113 million, down 19% YoY (10% decline excluding portfolio actions); adjusted EBITDA margin 24.4%, down 120 basis points but still resilient.
- Free cash flow conversion nearly 100% in the quarter, liquidity above $800 million, net leverage 2.9x, giving management flexibility.
- +12 more takeaways
ScottsMiracle-Gro Q3 2025 Earnings Call - Transformation, Market-share Gains and Margin Recovery Set Stage for Reinvestment
ScottsMiracle-Gro reported a quarter that management framed as proof the multi-year transformation is working, with POS unit growth, market-share gains and meaningful gross margin recovery allowing th...
- Management reaffirmed fiscal 2025 guidance and said they expect to deliver on top- and bottom-line targets, while highlighting year-to-date POS unit growth of 8%.
- Q3 U.S. Consumer net sales were $1.03 billion, up 1% year over year; excluding nonrecurring AeroGarden and bulk raw material sales from last year, U.S. Consumer sales rose 2% in the quarter.
- Year-to-date U.S. Consumer net sales were $2.68 billion, down 1% versus prior year, but up 1% when excluding last year’s nonrecurring items. Total company Q3 net sales were $1.19 billion, down 1% year over year.
- +12 more takeaways
Materion Second Quarter 2025 Earnings Call - Record margins, strong free cash flow and semiconductor momentum despite China softness
Materion posted a clean quarter: record second quarter adjusted EBITDA margins (20.8%) and a rare strong cash print, $36 million in free cash flow. Electronic Materials delivered an all time high segm...
- Value added sales were $269.0 million in Q2, down 2% organically year over year and up 4% sequentially.
- Adjusted EBITDA was $55.8 million, a Q2 record, representing 20.8% of value added sales (10 basis points of margin expansion year over year).
- Adjusted EPS was $1.37, down 4% year over year but up 21% sequentially.
- +13 more takeaways
Mirion Technologies Q2 2025 Earnings Call - Raised Guidance as Nuclear Momentum and Survalent Deal Accelerate Digital Push
Mirion reported a solid Q2 with revenue of $222.9 million, modest margin pressure in Nuclear & Safety from one-off project and FX hits, and a stronger Medical performance that drove adjusted EBITDA hi...
- Q2 revenue $222.9 million, up 7.6% year-over-year; organic revenue +5.4%.
- Adjusted EBITDA $51.2 million, up 4.9% YoY, but Nuclear & Safety margins were hit by non-recurring FX and UK project cost items.
- Medical segment outperformed: revenue $81.2 million (+10.9% YoY, organic +10.1%), adjusted EBITDA +~20%, margins expanded ~280 bps.
- +12 more takeaways
Littelfuse Second Quarter 2025 Earnings Call - Revenue and Margins Beat, Industrial Strength and Bookings Surge Signal Inflection
Littelfuse posted a clean quarter, beating guidance on both revenue and adjusted EPS as demand across industrial and electronics pockets pushed book-to-bill above one and bookings to the highest run r...
- Revenue $613.0M, up 10% year over year and 6% organic, exceeded the high end of prior guidance.
- Adjusted EBITDA margin expanded to 21.4%, a 280 basis point improvement versus prior year.
- Adjusted diluted EPS $2.85, up 45% year over year, and beat the high end of guidance.
- +16 more takeaways
UMB Financial Second Quarter 2025 Earnings Call - Acquisition Integration Fuels Record Loan Production, Margin Tailwinds and Capital Rebuild
UMB delivered a punchy quarter, driven by the Heartland acquisition, accretion mechanics and a one time private-investment windfall. Reported net income available to common of $215.4 million masks a c...
- Reported net income available to common shareholders was $215.4 million in Q2; net operating income excluding nonrecurring items was $225.4 million, or $2.96 per share.
- UMB recognized a $37.7 million pretax gain on prior private investments, including a $29.4 million gain from Voyager, a 5.8x MOIC and a reported IRR of 59% on that position.
- Average loans rose 12.7% linked quarter to $36.4 billion, while average deposits increased 10.7% to $55.6 billion, reflecting strong organic growth and a full month of Heartland results.
- +17 more takeaways
EXL Service Holdings, Inc. Q2 2025 Earnings Call - Data and AI now 54% of revenue, prompting guidance raise
EXL reported a strong Q2 2025, with revenue of $514.5 million, adjusted EPS of $0.49 (up 20% YoY), and data and AI led revenue growing 17% YoY to represent 54% of total revenue. Management raised full...
- Q2 revenue $514.5 million, up 14.7% year over year on a reported basis and 14.6% on a constant currency basis; sequential growth 2.2% on a constant currency basis.
- Adjusted EPS $0.49 in Q2, up 20.3% year over year.
- Data and AI led revenue grew 17% year over year and represented 54% of total revenue this quarter, per management.
- +15 more takeaways
Cavco Industries Q1 FY2026 Earnings Call - Record shipments, margin recovery and American HomeStar acquisition
Cavco posted a strong Q1 with record production and a notable rebound in profitability. Net revenue totaled $556.9 million, shipments hit 5,416 homes, and consolidated pre-tax profit rose 48.9% to $65...
- Net revenue reported at $556.9 million for Q1 FY2026, with sequential net revenue up $48.5 million and year over year improvement highlighted by management.
- Record shipments of 5,416 homes in the quarter, reflecting Cavco’s decision to push production where backlogs allow.
- Pre-tax profit jumped 48.9% to $65.3 million, net income was $51.6 million, and diluted EPS was $6.42 versus $4.11 a year ago.
- +12 more takeaways
Newmark Group 2Q 2025 Earnings Call - Raises 2025 Guidance After Strong Revenue, EBITDA and Market Share Gains
Newmark reported a clean beat in 2Q25, with revenue up 19.9% to $759.1 million, adjusted EBITDA rising 32.1% to $114.0 million, and adjusted EPS climbing 40.9% to $0.31. Management highlighted broad-b...
- Revenue grew 19.9% year over year to $759.1 million in 2Q25, driven by double digit gains across major business lines.
- Adjusted EPS was $0.31, up 40.9% from $0.22 a year earlier, reflecting operating leverage.
- Adjusted EBITDA rose 32.1% to $114.0 million, and adjusted EBITDA margin expanded 139 basis points to 15%.
- +12 more takeaways