Earnings Call Transcripts
Access detailed transcripts and key takeaways from company earnings calls
All Earnings Calls
Yum! Brands Q4 2025 Earnings Call - Taco Bell and KFC Momentum Fueled by Byte and Digital, Pizza Hut Review Continues
Yum! closed 2025 on clear momentum at Taco Bell and KFC, driven by strong same-store sales, record unit development, and an accelerating digital engine. Digital sales topped $11 billion, digital mix a...
- Company system sales grew 5% in Q4 2025, driven by 3% unit growth and 3% same-store sales growth, with full-year system sales also up 5%.
- Taco Bell delivered standout performance, with brand-level same-store sales up 7% and full-year system sales up 8%, while Taco Bell U.S. company restaurant margins expanded to 25.7% in Q4 and 24.4% for the year.
- KFC posted 6% system sales growth for the year, and set a record pace of unit development with nearly 3,000 net new units in 2025 and over 1,100 openings in Q4 alone, spanning 105 markets.
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Fortive Corporation Q4 2025 Earnings Call - New Fortive execution beats guidance with $1.3B buybacks and 2026 EPS guide $2.90-$3.00
Fortive used its first two quarters as New Fortive to show early proof of concept. Q4 delivered better-than-expected operational results, a full-year EPS beat, heavy buybacks and a conservative 2026 g...
- Q4 results topped expectations: core revenue growth just over 3%, Adjusted EBITDA up about 8%, and Adjusted EPS up about 13% to $0.90 for the quarter.
- Full-year 2025 Adjusted EPS came in at $2.71, exceeding the high end of prior guidance ($2.63-$2.67).
- Management initiated 2026 adjusted EPS guidance of $2.90 to $3.00, implying roughly 9% year-over-year growth at the midpoint and consistent with the two-year financial framework.
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Horace Mann Educators Q4 2025 Earnings Call - Record EPS Masked by Low Cat Year, Normalized EPS $3.95 and 2026 Guide $4.20-$4.50
Horace Mann reported record full-year 2025 core earnings per share of $4.71 and a trailing twelve-month core return on equity of 12.4%, but management flagged an unusually benign catastrophe year that...
- Record 2025 core EPS of $4.71, and trailing twelve-month core ROE of 12.4%, the highest earnings Horace Mann has reported.
- Unusually light catastrophe activity in 2025, with pre-tax catastrophe losses of $62 million, contributed roughly $28 million or $0.55 per share to core EPS versus planning assumptions.
- Management presents a normalized 2025 core EPS baseline of approximately $3.95 after stripping below-trend catastrophe losses, favorable prior-year reserve development, opportunistic buybacks and incremental strategic spend.
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American Financial Group Q4 2025 Earnings Call - Record underwriting, $11 2026 core EPS plan and continued heavy capital returns
American Financial Group closed 2025 with a bang. Q4 core net operating earnings were $3.65 per share, driving full year core EPS of $10.29 and a full-year core ROE of 18.2%. Specialty P&C underwritin...
- Q4 2025 core net operating earnings were $3.65 per share, full-year 2025 core EPS was $10.29, and full-year core operating ROE was 18.2%.
- Q4 annualized core operating ROE was 25.2%, reflecting an exceptionally strong quarter.
- AFG returned over $700 million to shareholders in 2025: $334 million in special dividends, $274 million in regular dividends, and $99 million in share repurchases; since 2021 the company has declared $55.50 per share, or about $4.7 billion, in special dividends.
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Prudential Financial Q4 2025 Earnings Call - 90-Day Japan Sales Suspension to Cost $300-$350M and Pressure EPS Targets
Prudential opened the quarter reassuring investors on underlying momentum across PGIM, U.S. retirement and insurance franchises, while confronting a material customer misconduct episode in Japan. Mana...
- Prudential of Japan voluntarily halted new sales in the LifePlanner channel for an initial 90-day period following an internal investigation into employee misconduct.
- Management estimates the 2026 pretax adjusted operating income impact from the POJ actions at $300 million to $350 million, roughly 5% of 2025 PFI earnings.
- The $300-$350 million estimate breaks down into three parts: $150-$180 million from the 90-day sales suspension, $70 million of one-time costs (about 70% of which relates to customer reimbursements), and roughly $80 million of lower earnings tied to a gradual sales ramp.
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Avery Dennison Q4 2025 Earnings Call - Margins Held Despite Weak Organic Growth; High-Value Categories and Intelligent Labels Are the Growth Engine
Avery Dennison closed 2025 with durable margins and cash flow, but not the organic growth investors want. Management delivered adjusted EPS strength and more than $700 million of free cash flow while ...
- Full-year 2025 adjusted EPS was $9.53, and Avery generated $707 million of adjusted free cash flow for the year, with Q4 free cash flow of $303 million.
- Company protected profitability despite a tough top-line, delivering a full-year adjusted EBITDA margin of 16.4% and Materials and Solutions Q4 adjusted EBITDA margins of 16.6% and 17.8%, respectively.
- Reported Q4 sales rose 3.9%, but organic sales were roughly flat year-over-year; calendar shift to Gregorian added ~1.5 points and Taylor Adhesives added ~1 point of growth.
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Powell Industries Fiscal First Quarter 2026 Earnings Call - Record $1.6B Backlog Fueled by LNG, Data Centers and Utilities
Powell reported a clean quarter: revenue of $251 million, net income $41.4 million or $3.40 per diluted share, and a 380 basis point jump in gross margin to 28.4%. New orders surged to $439 million, t...
- Powell reported Q1 FY2026 revenue of $251 million, up 4.4% year over year, and net income of $41.4 million, up 19% YoY, or $3.40 per diluted share.
- New orders were $439 million, up 63% YoY, the highest quarterly new-business total in over two years, producing a book-to-bill of 1.7x.
- Backlog reached a record $1.6 billion, up $191 million sequentially and $219 million year over year, driven by LNG, electric utilities, and commercial/industrial, notably data centers.
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Natural Health Trends Corp 4Q 2025 Earnings Call - Restructuring Sets Stage for Profitability, $1.5M Annualized Savings Expected in 2026
Natural Health Trends reported a mixed 4th Quarter, with revenue of $9.7 million, up 3% sequentially but down 10% year-over-year. Management pointed to stability returning in parts of the business, wi...
- 4th Quarter revenue $9.7 million, up 3% sequentially from Q3 2025, down 10% year-over-year from Q4 2024 ($10.8 million).
- Full year showed signs of stabilization beginning in April, with reorders as a percent of total orders increasing in the largest market, and Q-rated product bundle sales rising 10% for the year.
- Gross profit margin was 72.9% in Q4, down from 74.2% year-over-year, driven by write-offs of components inventory tied to discontinued products and manufacturing transitions out of the U.S.; management says margin would be comparable excluding those write-offs.
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FirstService Q4 2025 Earnings Call - Resilient margins despite top-line headwinds; weather and roofing drive brand volatility
FirstService closed 2025 with gritty, not flashy, results. Consolidated Q4 revenue rose 1% and adjusted EPS edged up to $1.37, while full-year revenue grew 5% to $5.5 billion and adjusted EBITDA climb...
- Consolidated Q4 revenue was $1.38 billion, up 1% year over year; adjusted Q4 EPS was $1.37, up from $1.34.
- Full-year 2025 revenue rose 5% to $5.5 billion; adjusted EBITDA increased 10% to $563 million, lifting full-year margin to 10.2% (up 40 basis points).
- FirstService Residential: Q4 revenues up 8% (organic +5%); full-year Residential organic growth about mid-single digits and margins moved to the upper end of the 9%–10% target band.
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Old Dominion Freight Line Fourth Quarter 2025 Earnings Call - Weight per shipment finally rising, setting stage for market-share gain despite revenue and OR pressure
Old Dominion reported a mixed quarter, with revenue down while key demand indicators are starting to show the inflection the company has been hunting. Revenue totaled $1.31 billion in Q4 2025, a 5.7% ...
- Revenue was $1.31 billion in Q4 2025, down 5.7% year over year, driven by a 10.7% decline in LTL tons per day.
- LTL revenue per hundredweight increased 5.6% in Q4 2025, and excluding fuel surcharges rose 4.9%.
- Operating ratio rose to 76.7% in Q4 2025, an 80 basis point increase versus prior year, due largely to deleveraging from lower volumes.
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