Earnings Call Transcripts
Access detailed transcripts and key takeaways from company earnings calls
All Earnings Calls
Axalta Coating Systems Q4 2025 Earnings Call - Record margins and cash, merger with AkzoNobel to unlock $600M of synergies
Axalta closed 2025 with operational discipline on full display: record adjusted EBITDA and free cash flow, margin expansion to ~22% year, and a fourth-quarter cash bonanza that capped a year of heavy ...
- Q4 net sales approximately $1.3 billion; consolidated net sales down 4% YoY driven by North American volume declines.
- Q4 adjusted EBITDA was $272 million with a 21.5% margin, marking the seventh consecutive quarter at or above the 21% A-Plan margin target.
- Q4 adjusted diluted EPS was $0.59, roughly flat YoY; full-year 2025 adjusted EPS was $2.49, a 6% increase over 2024.
- +12 more takeaways
Oscar Health Fourth Quarter and Full Year 2025 Earnings Call - 2026 profitability anchored by membership surge and AI-driven cost cuts
Oscar called 2025 a reset year, marked by an industry-wide jump in morbidity tied to Medicaid redeterminations and program integrity efforts, which pushed the company to a loss in 2025. Management say...
- Total revenue for 2025 was $11.7 billion, up 28% year over year.
- Full-year 2025 medical loss ratio (MLR) rose to 87.4%, a 570 basis point increase versus prior year; Q4 MLR was 95.4% (+730 bps YoY).
- Loss from operations in 2025 was approximately $396 million; management also reported a 2025 net loss of about $443 million and an adjusted EBITDA loss of ~$280 million.
- +12 more takeaways
CVS Health Fourth Quarter 2025 Earnings Call - Reaffirming 2026 Guidance amid Medicare Advantage Rate Headwinds and Strong Pharmacy/Retail Momentum
CVS closed 2025 with stronger-than-expected cash flow and earnings power, reporting full-year adjusted EPS of $6.75 and operating cash flow of $10.6 billion, and management reaffirmed 2026 guidance of...
- Full-year 2025 results beat initial expectations: adjusted EPS $6.75 and operating cash flow $10.6 billion, with management calling the year a material step in margin recovery.
- Company reaffirmed 2026 guidance: revenue at least $400 billion and adjusted EPS range of $7.00 to $7.20; updated operating cash flow guide of at least $9 billion.
- Q4 adjusted operating income reported at approximately $2.6 billion; management cited adjusted EPS in the quarter but referenced inconsistent figures during the call, while full-year EPS is $6.75.
- +12 more takeaways
Vestis Corporation Fiscal First Quarter 2026 Earnings Call - Early cost-per-pound gains offset by mix-driven revenue decline
Vestis reported tangible early progress in its multi-quarter transformation but the headline reads mixed. Operational execution improved: on-time delivery, plant productivity and customer complaints a...
- Revenue was $663.4 million, down $20.4 million or 3% year-over-year; pounds processed were flat overall, so the decline was mix-driven.
- Adjusted EBITDA was $70.4 million in Q1, down from $81.2 million a year earlier, with an adjusted EBITDA margin of 10.6% versus 11.9% prior year.
- Vestis improved cost per pound by $0.02 year-over-year, which management estimates is worth roughly $10 million of Adjusted EBITDA at current volume and mix.
- +12 more takeaways
Masco Corporation Q4 2025 Earnings Call - Tariff Shock, Restructuring and a $2B Buyback, Yet Management Sees 2026 Margin Recovery
Masco closed 2025 with results roughly in line with expectations, but the quarter was marked by tariff, commodity, and inventory timing headwinds that shaved volumes and margins. Management is pulling...
- Fourth quarter 2025 results roughly in line with expectations: sales down 2% (3% in local currency), operating profit $259 million, and EPS $0.82 (adjusted).
- Full-year 2025: net sales down 3% (2% ex divestiture and currency), operating profit ~$1.3 billion, operating margin 16.8%, EPS $3.96, and ROIC 41%.
- Tariff and commodity headwinds drove margin pressure in 2025, with management estimating an annualized tariff cost of approximately $200 million for 2026 before mitigation, down from a prior $270 million estimate and above the in-year 2025 hit of ~$150 million.
- +12 more takeaways
DuPont Fourth Quarter 2025 Earnings Call - Pivot from Portfolio Moves to Execution, Guiding 3% Organic Growth and Margin Expansion
DuPont closed 2025 with a clean quarter and a clear message: the heavy lifting of portfolio reshaping is done, now it is execution time. The company beat its guidance, delivered full-year organic sale...
- DuPont beat prior guidance in Q4 and for full-year 2025, delivering 2% organic sales growth, 6% operating EBITDA growth, and adjusted EPS of $1.68, up 16% YoY.
- Management says the strategic portfolio moves are largely complete, citing the separation of QUNITY as finished and the Aramids divestiture expected to close around end of Q1 2026, producing about $1 billion after tax.
- 2026 company guidance: ~3% organic sales growth, 60-80 basis points of operating margin expansion, adjusted EPS $2.25–$2.30, and free cash flow conversion greater than 90%.
- +12 more takeaways
EVI Industries Q2 Fiscal 2026 Earnings Call - Record revenue and margin gains, but heavy modernization lifts operating costs
EVI delivered a clean, record quarter with revenue up 24% to $115 million, gross margin near 31%, and Adjusted EBITDA rising 49% to $7.7 million. The company continues to scale through acquisitions an...
- Revenue for Q2 fiscal 2026 rose 24% year-over-year to $115.0 million.
- Gross margin expanded to nearly 31% in the quarter, driven by favorable product mix, pricing discipline, and acquisition benefits including Continental.
- Adjusted EBITDA increased 49% year-over-year to $7.7 million, representing 6.6% of revenue.
- +16 more takeaways
Honda Motor Co., Ltd. Q3 FY2026 Earnings Call - Motorcycle strength offsets massive auto EV charges and tariff hit
Honda reported record cumulative unit sales, operating profit and margin through Q3, driven by motorcycles and financial services, but the headline strength masks a bruising quarter for automobiles. A...
- Q3 operating profit JPY 591.5 billion, down JPY 548.4 billion year on year; quarter profit attributable to owners JPY 465.4 billion, down JPY 339.8 billion.
- Motorcycle business delivered record-level performance, operating profit JPY 446.5 billion and Honda maintains a full-year motorcycle unit target of 21.3 million units.
- Automobile operations swung to an operating loss of JPY 166.4 billion for the nine months, hit by one-time EV-related expenses and tariffs despite positive price and cost actions.
- +11 more takeaways
KT Corp Q4 FY2025 Earnings Call - Operating profit jumps 205% as cloud, data center and Gwangjin-gu real estate lift results, KRW1tr security plan announced
KT reported a sharp rebound in FY2025, with operating profit surging 205% YoY to KRW 2.469 trillion, driven by core telecom operations, strong cloud and data center demand, and one-off gains from the ...
- Operating revenue increased 6.9% YoY to KRW 28,244.2 billion for FY2025.
- Operating profit jumped 205% YoY to KRW 2,469.1 billion, aided by core business improvement and one-off Gwangjin-gu real estate gains.
- Net income rose 340.4% YoY to KRW 1,836.8 billion, and EBITDA grew 35.5% YoY to KRW 6,349.3 billion.
- +12 more takeaways
ON Semiconductor Q4 2025 Earnings Call - AI data center tops $250M, validating power-centric pivot and margin expansion
ON Semiconductor closed 2025 with $6.0 billion in revenue and a Q4 beat on profitability, delivering non-GAAP gross margin near 38% and non-GAAP EPS of $0.64 on $1.53 billion of quarter revenue. Manag...
- Q4 2025 revenue $1.53 billion; full-year 2025 revenue $6.0 billion.
- Q4 non-GAAP gross margin 38.2%; full-year non-GAAP gross margin 38.4%.
- Q4 non-GAAP EPS $0.64, GAAP EPS $0.45; diluted share count ~402 million.
- +14 more takeaways