Earnings Call Transcripts

Access detailed transcripts and key takeaways from company earnings calls

All Earnings Calls

LAMR May 12, 2026

Lamar Advertising Company Q1 2026 Earnings Call - National Ad Momentum and Margin Expansion Drive Upside

Lamar Advertising delivered a strong Q1 2026, beating internal estimates on revenue and AFFO, fueled by resilient national ad spending and a robust political cycle. National revenue grew 5.8%, with pr...

  • Q1 2026 revenue grew 3.9% on an acquisition-adjusted basis, with EBITDA rising 5.2% and margin expanding 130 bps to 42.9%.
  • National revenue surged 5.8%, driven by a 25% jump in programmatic sales to ~$11 million, signaling renewed brand confidence in out-of-home media.
  • Local and regional billboard sales grew 3%, marking the 20th consecutive quarter of growth and ending a five-year streak of annual declines.
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GOGO May 12, 2026

Gogo Inc. Q1 2026 Earnings Call - Next-Gen Tech Shift Fuels Sequential EBITDA Growth

Gogo Inc. navigated a pivotal transition in Q1 2026, balancing legacy service softness with aggressive momentum in its next-generation product portfolio. Total revenue dipped just 2% to $226.3 million...

  • Total revenue of $226.3 million declined just 2% year-over-year, while equipment revenue surged 22% to $38.6 million, reflecting strong demand for next-generation hardware.
  • Adjusted EBITDA rose 41% sequentially to $53.3 million, driven by favorable equipment product mix, lower inventory reserves, and $40 million in annualized cost synergies.
  • Gogo shipped 92 Galileo LEO terminals in Q1, bringing cumulative units to 410, with major fleet wins from VistaJet (100 aircraft scope), Wheels Up, and NetJets Europe.
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ARW May 12, 2026

Arrow Electronics Q1 2026 Earnings Call - Strong Revenue Growth and Margin Expansion Driven by AI and Broad-Based Recovery

Arrow Electronics reported a strong first quarter of 2026, with revenue surging 39% year-over-year to $9.5 billion and non-GAAP EPS jumping 190% to $5.22. The growth was primarily unit-volume driven, ...

  • Revenue surged 39% year-over-year to $9.5 billion, significantly exceeding guidance, driven by unit volume growth rather than pricing.
  • Non-GAAP EPS jumped 190% year-over-year to $5.22, reflecting strong operating leverage and favorable business mix.
  • Operating margin expanded 160 basis points to 4.2%, supported by cost discipline and increased contribution from value-added services.
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BWMN May 12, 2026

Bowman Consulting Group Q1 2026 Earnings Call - Record Backlog Drives Raised 20%+ Revenue Guidance

Bowman Consulting Group delivered a robust start to 2026, posting double-digit growth across gross contract revenue, net service billing, and adjusted EBITDA while securing a record backlog of over $6...

  • Gross contract revenue reached $126.5 million, up 12% year-over-year, while net service billing grew 14% to $114.2 million, reflecting a 90% net-to-gross ratio.
  • Backlog hit a record $653 million, a 56% increase year-over-year, with organic growth driving the expansion entirely.
  • Full-year 2026 revenue guidance was raised to $520–540 million, implying over 20% organic revenue growth, with adjusted EBITDA margins expected between 17.25% and 17.75%.
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CELH May 12, 2026

Celsius Holdings Q1 2026 Earnings Call - Record Revenue Hits $783M as Alani Nu Integration Delivers $50M in Synergies

Celsius Holdings delivered a record first quarter of 2026, with revenue surging 23% year-over-year to $783 million. The growth was anchored by a 60% surge in Alani Nu sales and solid performance from ...

  • Record Q1 2026 revenue of $783 million, representing a 23% year-over-year increase, driven by strong execution across the Celsius, Alani Nu, and Rockstar portfolio.
  • Alani Nu delivered a massive 60% year-over-year growth in net sales to $368 million, benefiting from a completed distribution transition to PepsiCo and a completed integration.
  • Core Celsius brand posted 6% year-over-year growth to $348 million, despite a deliberate SKU rationalization and a pause in major launches during the quarter.
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WRBY May 12, 2026

Warby Parker Q1 2026 Earnings Call - AI Glasses Launch Drives Strategic Pivot

Warby Parker delivered Q1 2026 results that beat guidance, with revenue of $242.4 million up 8.3% year-over-year and adjusted EBITDA of $30 million. The company navigated extreme winter weather and th...

  • Q1 2026 revenue reached $242.4 million, an 8.3% year-over-year increase, exceeding management guidance.
  • Adjusted EBITDA came in at $30 million, representing a 12.2% margin and beating expectations.
  • Management reaffirmed full-year 2026 revenue guidance of $959-$976 million (10-12% growth) and adjusted EBITDA of $117-$119 million.
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TBLA May 12, 2026

Taboola Q1 2026 Earnings Call - AI-Driven Realize Platform Fuels Raised Guidance and Aggressive Share Buybacks

Taboola delivered a strong Q1 2026, beating the high end of guidance across all metrics. Revenue grew 9% year-over-year to $466.4 million, while ex-TAC gross profit jumped 11% to $168.1 million. The c...

  • Taboola beat the high end of Q1 2026 guidance across all metrics, signaling strong execution and momentum.
  • Q1 revenue grew 9% year-over-year to $466.4 million, while ex-TAC gross profit increased 11% to $168.1 million.
  • The company raised full-year guidance, now expecting ex-TAC gross profit growth of 8% and 30% Adjusted EBITDA margins.
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EXC May 12, 2026

Exelon Corporation Q1 2026 Earnings Call - Pulls Back on Distribution Capex to Pivot $1.5B Toward Transmission and Cut $350M in Costs

Exelon delivered Q1 2026 adjusted operating earnings of $0.91 per share, beating expectations on favorable weather and timing, while reaffirming full-year guidance of $2.81 to $2.91 per share. The com...

  • Exelon reported Q1 2026 adjusted operating earnings of $0.91 per share, exceeding expectations, driven by favorable weather and timing items, while reaffirming full-year guidance of $2.81 to $2.91 per share.
  • The company is withdrawing its Pennsylvania electric and gas rate case, citing customer affordability and stakeholder feedback, without compromising long-term safety or reliability commitments.
  • Exelon is rebalancing its capital plan, pulling $1.1 billion in distribution projects to redirect $1.5 billion toward transmission, supporting a revised four-year capital plan of $41.7 billion.
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TGS May 12, 2026

TGS Q1 2026 Earnings Call - Prepaid Capacity Bids Signal Strong Demand Amid Inflation Headwinds

TGS reported a robust first quarter, with net income climbing to ARS 160 billion and EBITDA expanding across all segments. The natural gas transportation business saw tariff adjustments, but inflation...

  • Net income rose to ARS 160 billion in Q1 2026, up from ARS 142.3 billion in the prior year period, reflecting steady operational performance despite hyperinflationary pressures.
  • Natural gas transportation EBITDA reached ARS 139.9 billion, driven by tariff adjustments, though inflation still outpaced revenue growth by ARS 11.8 billion.
  • Liquids segment EBITDA surged to ARS 96.7 billion, fueled by a 54% increase in sales volumes, a 70% jump in natural gasoline prices, and ARS 12 billion in insurance reimbursements.
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APO May 12, 2026

Apollo Global Management Q1 2026 Earnings Call - Record Fee Earnings and Aggressive Push for Daily Private Credit Pricing

Apollo Global Management reported a stellar first quarter 2026, delivering record fee-related earnings of $728 million and reaffirming its 20%+ growth outlook. The firm is aggressively scaling its pri...

  • Record Fee-Related Earnings: Apollo posted $728 million in fee-related earnings (FRE), a 30% year-over-year increase, driven by strong origination volumes and fee growth across both asset management and retirement services.
  • Origination Momentum: The firm generated $71 billion in origination for the quarter, with a focus on high-quality, investment-grade deals. Management expects Q2 origination to be even stronger, potentially approaching the record $97 billion set previously.
  • Daily Pricing Rollout: Apollo committed to 100% daily pricing for its entire credit portfolio by 9:30 AM later this year. This initiative, supported by a partnership with ICE, aims to bring public-market-like transparency to private credit, challenging industry norms and reducing valuation opacity.
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