Earnings Call Transcripts
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All Earnings Calls
Amcor Fiscal 2026 Q2 Earnings Call - Synergies Accelerate, Core Outperforms While Non-core Lags
Amcor reported an in-line Fiscal 2026 Q2, showing the early payoff from the Berry acquisition while flagging clear unevenness across the combined portfolio. Management posted $5.4 billion in revenue, ...
- Q2 headline numbers: revenue $5.4 billion, EBITDA $826 million, EBIT $603 million.
- Adjusted EPS was $0.86 for Q2, up 7% year over year, and up 14% for the first half.
- Management reaffirmed full-year adjusted EPS guidance of $4.00 to $4.15 per share, reflecting a 1-for-5 reverse stock split.
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Chipotle Mexican Grill Q4 2025 Earnings Call - Reinvesting for Transaction Growth While Margins Face Near-Term Pressure
Chipotle reported a year of resilience and investment, with 2025 revenue up 5.4% and adjusted diluted EPS rising 4.5% to $1.17, even as comps slipped. Management is leaning hard into a multi-pronged g...
- 2025 results mixed: revenue grew 5.4% year over year, adjusted diluted EPS rose 4.5% to $1.17, while full-year comparable sales declined 1.7%.
- Q4 specifics: sales were $3.0 billion, comp sales down 2.5% for the quarter, and adjusted diluted EPS for Q4 was $0.25, flat year over year.
- Gift card accounting boosted Q4 sales by $27 million and provided about a 70 basis point benefit to restaurant-level margin, a one-time accounting effect that did not affect comps.
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Enphase Energy Q4 2025 Earnings Call - Margin Resilience and a Big Product Bet to Offset a 5% Tariff Hit
Enphase closed Q4 2025 with $343.3 million in revenue, strong non-GAAP margins and a strategic pivot toward product-led volume to blunt a roughly 5% reciprocal tariff headwind. Management says Q1 2026...
- Q4 revenue $343.3 million, with non-GAAP gross margin 46.1% and GAAP gross margin 44.3%; non-GAAP operating income about 23% of revenue.
- Company reported roughly 1.3 million domestically produced microinverters shipped from Texas and South Carolina in Q4, booking Section 45X production tax credits.
- IQ batteries shipments: 150.1 MWh reported for the quarter, including 51.1 MWh of IQ batteries made in Texas to meet domestic content rules.
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The Clorox Company Q2 FY2026 Earnings Call - ERP completion clears path for back-half innovation and margin recovery
Clorox says the messy part of its multi-quarter ERP rollout is behind it, and management expects ERP-related shipment timing noise to reverse in Q3, clearing the runway for a heavy slate of back-half ...
- ERP implementation: the final manufacturing phase went live in January, creating higher-than-expected retailer prebuilds that produced roughly 1 point of shipment favorability in Q2 and is expected to reverse in Q3.
- Timing pickup to FY27: management said the ERP shipment timing normalization should translate into about a 3.5 point sales pickup and roughly $0.90 of EPS benefit in fiscal 2027 relative to fiscal 2026.
- One-time digital adjustments: management expects a final ERP/digital investment adjustment in Q3, roughly $0.08 of impact, and no further one-time ERP P&L adjustments after that quarter.
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Intapp Q2 FY2026 Earnings Call - Cloud ARR Up 31%, AI and Microsoft Partnerships Powering Enterprise Migrations
Intapp posted another quarter of cloud-first momentum. Cloud ARR rose 31% year-over-year to $433.6 million, pushing cloud to 81% of total ARR. SaaS revenue was $102.5 million, total revenue $140.2 mil...
- Cloud ARR reached $433.6 million, up 31% year-over-year, and now represents about 81% of total ARR ($535 million).
- SaaS revenue was $102.5 million, up 28% year-over-year; total revenue was $140.2 million, up 16% year-over-year.
- Non-GAAP gross margin improved to 78.1% from 76.7% a year ago, driven by favorable mix and cloud efficiency gains.
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Mercury Systems Q2 FY 2026 Earnings Call - Pull‑forwards, backlog bump, and a pragmatic guidepost on margins
Mercury reported a beat in Q2 driven by $30 million of accelerated deliveries that lifted revenue, EBITDA, and cash, and left a record backlog approaching $1.5 billion. Management stressed that the ou...
- Bookings were $288 million in Q2 with a 1.23 book-to-bill, pushing backlog to nearly $1.5 billion, up 8.8% year‑over‑year.
- Revenue was $233 million, up about 4.4% year‑over‑year; management called the first‑half revenue the highest point‑in‑time since FY 2021.
- Management accelerated roughly $30 million of revenue from Q3 into Q2, generating about $10 million of adjusted EBITDA and ~$30 million of cash in the quarter.
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Carlisle Companies Fourth Quarter 2025 Earnings Call - Reroofing Resilience Offsets Weak New Construction, Vision 2030 Reaffirmed
Carlisle closed 2025 with a pragmatic pitch: steady cash generation, disciplined capital returns, and a clear line of sight to Vision 2030 despite soft new construction. Reroofing demand — which drive...
- Full-year 2025 results: $5.0 billion revenue, adjusted EPS $19.40, adjusted EBITDA margin 24.4%, and ROIC ~25%.
- Free cash flow and cash returns: record free cash flow of $972 million (19.4% margin) and fourth consecutive year with operating cash flow > $1 billion; returned $1.3 billion via share repurchases and $181 million in dividends in 2025.
- Q4 2025 snapshot: approximately $1.1 billion revenue, adjusted EPS $3.90, adjusted EBITDA margin 22.1%; returned $346 million to shareholders in the quarter.
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Lumen Technologies Q4 2025 Earnings Call - AT&T divestiture cuts leverage and frees cash to double down on AI backbone
Lumen closed its sale of the fiber-to-the-home business to AT&T, pocketing roughly $4.8 billion net and using proceeds to retire super priority bonds and simplify the balance sheet. The company says t...
- Lumen closed the sale of its fiber-to-the-home business to AT&T for $5.75 billion, delivering about $4.8 billion in net proceeds that were used to pay off super priority bonds and materially simplify the capital structure.
- Total debt is now below $13 billion and net leverage fell by roughly one full turn to about 3.8x trailing twelve month Adjusted EBITDA after the transaction.
- Annual interest expense has been cut by roughly $500 million versus 2025 levels, including a roughly $300 million reduction from repaying super priority bonds.
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Mondelēz International Q4 2025 Earnings Call - Cocoa Drop Forces 2026 Flexibility; 2027 Margin Recovery Expected
Mondelēz ended 2025 having executed a chocolate price-pack playbook that protected margins in many markets, but a sudden, sharp fall in cocoa spot prices forced management to build flexibility into 20...
- A rapid decline in cocoa spot prices occurred in the last two weeks, creating short-term market uncertainty and potential competitive reactions that management cannot yet fully predict.
- Mondelēz is largely hedged for 2026 at higher pipeline cocoa costs, which produces a one-time inventory accounting adjustment and profit headwind concentrated in Q1 2026, quantified at about $500 million.
- Management views current cocoa prices as closer to historic norms, which should materially improve chocolate margins in 2027, with benefits split between reinvestment behind brands and EPS flow-through.
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InnovAge Second Quarter Fiscal 2026 Earnings Call - Hit 9.2% Adjusted EBITDA Margin, Raised FY26 Guidance
InnovAge reported a clear operational turning point in Q2 fiscal 2026, posting revenue of $239.7 million, adjusted EBITDA of $22.2 million and net income of $11.8 million. Management says this quarter...
- Q2 revenue $239.7 million, adjusted EBITDA $22.2 million, net income $11.8 million for the quarter.
- Adjusted EBITDA margin 9.2% in Q2, the first time InnovAge hit its intermediate 8%–9% margin target.
- First half adjusted EBITDA $39.8 million, already above full-year fiscal 2025 adjusted EBITDA of $34.5 million.
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