Earnings Call Transcripts
Access detailed transcripts and key takeaways from company earnings calls
All Earnings Calls
Lazard Fourth Quarter and Full Year 2025 Earnings Call - Asset Management Inflection and $12.5M MD Productivity Target
Lazard closed 2025 with firm-wide revenue of $3.0 billion, driven by record Financial Advisory revenue and what management calls an inflection year in Asset Management. Financial Advisory hit $1.8 bil...
- Firm-wide 2025 revenue was $3.0 billion, up 5% year over year; Q4 revenue was $892 million, up 10% year over year.
- Financial Advisory posted record 2025 revenue of $1.8 billion, with strong EMEA results and growth in Private Capital Advisory and restructuring.
- Asset Management reached $1.2 billion in 2025 revenue, with AUM up 12% to $254 billion as of December 31, 2025, and average Q4 AUM of $261 billion.
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Origin Bancorp Q4 2025 Earnings Call - Optimize Origin hits ROA target and funds $10M hiring push to capture M&A disruption
Origin closed 2025 having delivered the near-term goal it set a year ago. Q4 produced a 1.19% run-rate ROA, above the 1% target, driven by cost discipline, stronger loan originations and a pickup in f...
- Optimize Origin is now an operating model, not a one-time project, and management hit its near-term target with a Q4 run-rate ROA of 1.19%, above the 1.0% goal set last January.
- Management says the ultimate objective remains top-quartile ROA, and Optimize will continue to guide performance, accountability, and targeted investment decisions.
- Origin plans to invest roughly $10 million in new production bankers and banking teams in 2026; the company has already added more than ten producers in Houston and Dallas-Fort Worth.
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CGI Q1 FY2026 Earnings Call - AI investments and heavy buybacks as U.S. federal lumpiness dents near-term bookings
CGI posted a solid Q1: revenue CAD 4.1 billion, bookings CAD 4.5 billion and CAD 872 million of operating cash flow. Management leaned into its four-stream value plan, returning capital aggressively w...
- Revenue CAD 4.1 billion in Q1 FY2026, up 7.7% year-over-year, or up 3.4% excluding foreign exchange.
- Bookings for the quarter were CAD 4.5 billion, delivering a book-to-bill ratio of 110% overall; managed services book-to-bill was 117% and SI&C reached 100%.
- Contracted backlog stood at CAD 31.3 billion, equal to 1.9 times trailing revenue.
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Washington Trust Bancorp Fourth Quarter 2025 Earnings Call - Margin Expansion and Deposit Rebalancing Drive a Clean Quarter, But Loan Growth and Reserves Remain Watch Items
Washington Trust closed 2025 with cleaner credit, a wider margin and clear investment in wealth and commercial capabilities. Q4 delivered $16.0 million in net income, a 41% adjusted EPS lift year over...
- Q4 net income was $16.0 million, or $0.83 per share, up from $10.8 million ($0.56) in Q3.
- Adjusted EPS increased 41% year over year for the fourth quarter.
- Net interest income was $40.7 million, up 5% sequentially and 24% year over year.
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Norfolk Southern Q4 2025 Earnings Call - Safety Breakthrough and Productivity Offset Top-Line Weakness
Norfolk Southern closed 2025 with a clear operating pivot: safety metrics improved materially and productivity gains helped absorb a soft revenue backdrop. Management touted a quarter with zero report...
- Q4 adjusted operating ratio was 65.3 and GAAP EPS was $3.22 after adjusting for incident recoveries and merger costs.
- Safety: Q4 had 0 reportable mainline derailments, and 2025 delivered Norfolk Southern’s best train accident rates in over a decade with a mainline ratio of 0.43 for the year.
- Digital inspections and Wheel Integrity System scaled quickly, identifying a manufacturing wheel defect that led to an industry-wide recall—an example management used to show tech driving safety and speed of resolution.
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Deutsche Bank Q4 2025 Earnings Call - Delivered record profits and moves to scale the Global House Bank with higher shareholder payouts
Deutsche Bank closed 2025 by meeting all public targets, producing record profits and a materially stronger capital base. The bank reported EUR 32 billion of revenues, EUR 9.7 billion pre-tax profit a...
- Deutsche Bank met all 2025 targets: reported revenues of EUR 32 billion and compound annual revenue growth of about 6% since 2021.
- Record profitability in 2025: EUR 9.7 billion pre-tax profit and EUR 7.1 billion net profit, with post-tax RoTE of 10.3%, hitting the 2025 >10% target.
- Capital and liquidity remain robust: CET1 ratio of 14.2% at year-end after proposed distributions, leverage ratio 4.6%, LCR 144%, NSFR 119%.
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Simon Property Group Q4 2025 Earnings Call - Strong leasing and record FFO, but tariffs and tenant stress cloud 2026
Simon closed 2025 with headline results that look healthy on the surface: record real estate FFO, rising rents, robust leasing, and a big redevelopment pipeline. Management is leaning into active asse...
- Record annual real estate FFO of $4.8 billion, or $12.73 per share, announced for 2025; Q4 real estate FFO was $3.49 per share, up 4.2% year over year from $3.35.
- 2026 real estate FFO guidance set at $13.00 to $13.25 per share, midpoint $13.13, assuming at least 3% domestic property NOI growth and a higher net interest expense drag of $0.25 to $0.30 per share versus 2025.
- Leasing momentum remains strong: more than 1,300 leases totaling over 4.4 million sq ft in the quarter, and over 4,600 leases for more than 17 million sq ft for the year; roughly 30% of 2025 leasing volume were new deals.
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Kforce Q4 2025 Earnings Call - Sequential Billing-Day Growth Signals Return of Demand; Margins to Improve on Cost Cuts
Kforce closed Q4 with a clear pulse of momentum: $332 million of revenue, sequential billing-day growth across technology and F&A, and a January start to 2026 the firm calls its best since 2022. Manag...
- Q4 revenue $332 million, beat expectations, with total sequential billing-day improvement of 3% for the quarter.
- Technology flex revenues grew 3% sequentially on a billing-day basis, the strongest sequential billing-day growth since Q2 2022 for the technology business.
- Finance & Accounting flex revenues rose 5.7% sequentially on a billing-day basis, marking the third consecutive quarter of sequential billing-day growth for that business.
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Woodward Incorporated Q1 FY2026 Earnings Call - Aerospace services led 29% sales jump; guidance raised but inventory and China winddown keep risks in play
Woodward started fiscal 2026 with a punch. Q1 sales jumped 29% to $996 million and GAAP EPS rose to $2.17 from $1.42 a year ago, powered by a 50% surge in commercial aerospace services, elevated spare...
- Q1 net sales $996 million, up 29% year-over-year, driven by strong aerospace and industrial demand.
- GAAP EPS $2.17 in Q1 FY2026 versus $1.42 a year ago; adjusted EPS discussion noted no adjustments in the quarter.
- Free cash flow for the quarter was $70 million, versus $1 million in the prior-year quarter; operating cash flow was $114 million compared to $35 million prior year.
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Fabrinet Q2 FY2026 Earnings Call - Record Revenue and EPS Fueled by DCI Strength and Rapid HPC Ramp
Fabrinet delivered a breakout quarter, reporting record revenue of $1.13 billion, up 36% year over year and 16% sequentially, and record non-GAAP EPS of $3.36. The beat was driven by strong telecom re...
- Record Q2 revenue of $1.13 billion, up 36% year over year and 16% sequentially, the fastest YoY growth since IPO.
- Record non-GAAP EPS of $3.36, beating guidance, despite a $3 million FX revaluation loss that reduced EPS by about $0.09.
- Optical communications revenue was $833 million, up 29% YoY and 11% sequentially.
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