Earnings Call Transcripts
Access detailed transcripts and key takeaways from company earnings calls
All Earnings Calls
Lennox Q4 2025 Earnings Call - Record 20.4% Full-Year Margin, but Q1 Pain Looms as Inventory and Destocking Reset
Lennox closed 2025 with an odd mix of strength and strain. The company delivered a record full-year segment margin of 20.4% and $23.16 in adjusted EPS while navigating deep channel destocking, regulat...
- Full-year 2025 segment margin hit a record 20.4%, first time above 20%.
- Q4 2025 revenue declined 11% quarter-over-quarter, driven by weak residential and commercial end markets and heavy channel destocking.
- Q4 segment margin was 17.7% and adjusted EPS for the quarter was $4.45; full-year adjusted EPS was $23.16, up 2% versus prior year.
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Renasant Corporation Q4 2025 Earnings Call - Merger-driven profitability gains leave bank mid pack, buybacks prioritized
Renasant closed a transformative 2025, with the First merger and systems conversion now behind it and measurable profit improvement to show for the work. Adjusted EPS and returns moved higher, efficie...
- 2025 was framed as transformative, driven by the merger with The First and completion of a large systems conversion in Q3, which management says set the company up for better operating leverage.
- Full-year adjusted EPS was $3.06, an 11% year over year increase, with adjusted ROA rising to 1.10% for 2025, up about 94 basis points from 2024.
- Quarterly results: reported net income was $78.9 million ($0.83 per diluted share); adjusted net income excluding merger charges was $86.9 million ($0.91 per diluted share).
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Stifel Financial Fourth Quarter 2025 Earnings Call - Record 2025 Revenue, Guiding to $6B-$6.35B in 2026 on NII Growth and Expense Leverage
Stifel closed 2025 with milestone results and a confident, capital-light pitch for 2026. Full-year revenue hit a record $5.5 billion, driven by a record Global Wealth Management and a near-record inst...
- Record 2025 firm revenue of $5.5 billion, up 11% year-over-year, first time above $5 billion in Stifel’s history.
- Q4 revenue a record $1.56 billion, exceeding consensus by ~$50 million; Q4 EPS $2.63, full-year EPS (ex-first-quarter legal accrual) $7.92.
- Global Wealth Management remains the engine: 2025 wealth revenue exceeded $3.5 billion and Q4 wealth revenue hit $933 million; management reported record total client assets of $552 billion.
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CGI First Quarter Fiscal 2026 Earnings Call - Robust bookings and AI investment power cash returns despite U.S. federal headwinds
CGI reported steady top-line growth in Q1 FY2026, driven by acquisitions, managed services demand and a hefty bookings quarter, while the U.S. federal shutdown trimmed utilization and margin performan...
- Q1 revenue CAD 4.1 billion, up 7.7% YoY (3.4% growth excluding foreign exchange).
- Bookings CAD 4.5 billion, delivering a book-to-bill of 110%, led by U.S. commercial and state (169%), Finland/Poland/Baltics (124%) and Scandinavia/NW/CEE (113%).
- Contracted backlog CAD 31.3 billion, equal to 1.9x trailing quarterly revenue.
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Trustmark Corporation Fourth Quarter 2025 Earnings Call - Record 2025 earnings, NIM steady and mid-single-digit growth guidance for 2026
Trustmark closed 2025 with a record year: net income $224.1 million, diluted EPS $3.70, and Q4 net income $57.9 million (EPS $0.97). Net interest income and margin held up, mortgage and wealth busines...
- Trustmark reported record 2025 net income of $224.1 million and diluted EPS of $3.70; Q4 net income was $57.9 million, EPS $0.97 (up 5.4% y/y, 3.2% linked-quarter).
- Full-year revenue hit a record $800 million; Q4 revenue was $204 million.
- Net interest income was $166 million in Q4 and $647 million for the year (up 8.4% y/y); reported NIM was 3.81% in Q4 (adjusted to ~3.83% excluding accelerated capitalized cost recognition).
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Packaging Corporation of America Q4 2025 Earnings Call - Greif integration stabilizes operations, company to run full in 2026 and pursue gas-turbine energy projects
PCA closed 2025 with solid underlying results, but the quarter came with a lot of moving parts. Excluding special items, Q4 net income was $209 million, or $2.32 per share, down modestly year-over-yea...
- Q4 2025 results, ex-special items: net income $209 million, $2.32 per share, down from $2.47 in Q4 2024; total company EBITDA ex-items $486 million for the quarter and $1.86 billion for the year.
- GAAP Q4 net income was $102 million, or $1.13 per share, after $1.19 per share of special-item charges largely tied to Wallula restructuring, Greif acquisition and integration, and corrugated facility closures.
- Packaging segment Q4 EBITDA ex-items was $476 million on $2.2 billion sales, a 21.7% margin; full-year packaging EBITDA ex-items was $1.83 billion on $8.3 billion sales, a 22.1% margin.
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Scotts Miracle-Gro Q1 2026 Earnings Call - $500M Buyback, Hawthorne Exit, and a $1B/$1B 2030 Stretch Goal
Management used this quarter to reset the narrative, pivoting from quarterly housekeeping to a multi-year offensive. They removed Hawthorne as a discontinued operation, locked in a $500 million multi-...
- Board approved a multi-year $500 million share repurchase program, to begin in late 2026 and be executed in a phased, disciplined manner, with a long-term target to reduce share count to about 40 million shares.
- Repurchases are tied to leverage targets, managed by the CFO as gatekeeper, will use free cash flow, and will be modulated or slowed if annual financial targets are missed; additional authorizations will be required to reach the 40 million share target.
- Management presented an ambitious long-term goal: roughly $1 billion incremental top-line sales and $1 billion of EBITDA by around 2030, anchored to an approximate 5% annual top-line growth rate and a mix of innovation, pricing, volume, and modest tuck-in M&A.
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General Dynamics Fourth Quarter 2025 Earnings Call - Record Backlog and Cash Fund Heavy CapEx to Speed Shipbuilding and Jet Production
General Dynamics closed 2025 with a blockbuster backlog and cash flow, and management is betting both to fund a multiyear investment cycle. Backlog and total estimated contract value hit record highs ...
- Record backlog and TEV, period. Total backlog rose to $118 billion, and total estimated contract value reached $179 billion, up 30% and 24% year over year respectively, giving GD unprecedented forward revenue visibility.
- Strong cash generation. Operating cash flow was $5.1 billion in 2025, free cash flow was just under $4 billion, and cash conversion hit 94%, prompting management to target 100% conversion in 2026.
- Aggressive capex plan. Management will increase capital spending by over $900 million in 2026, roughly a 79% rise versus 2025, to expand shipyard and production capacity, particularly at Electric Boat.
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Otis Worldwide Corporation Q4 2025 Earnings Call - Record modernization backlog fuels service-driven cash flow and margin expansion
Otis closed 2025 on a clear theme, not a fluke. The service flywheel kept the company profitable and liquid, with Q4 adjusted free cash flow hitting a post-spin high of $817 million and full-year adju...
- Record Q4 adjusted free cash flow of $817 million, driving full-year adjusted FCF of about $1.6 billion and enabling ~$1.5 billion returned to shareholders in 2025.
- Service-led model shows traction, with service organic sales up 5% in Q4; maintenance and repair +4%, modernization sales +9%.
- Modernization orders surged 43% in Q4 at constant currency, leaving modernization backlog up 30% year-over-year, highest since spin.
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WesBanco Fourth Quarter 2025 Earnings Call - Growth and Margin Expansion Offset by Elevated CRE Payoffs
WesBanco leaned into a growth playbook in 2025, reporting double-digit earnings gains driven by loan growth funded entirely by deposits, a wider net interest margin, and efficiency improvements. Manag...
- Management reports full-year pre-tax, pre-provision earnings roughly doubled year-over-year, and EPS of $3.40 for 2025 when excluding merger-related charges and day-one PCL on acquired loans.
- Fourth quarter diluted EPS, excluding merger and restructuring expenses, was $0.84, up 18% year-over-year; GAAP Q4 EPS was $0.81.
- Net interest margin improved to 3.61% in Q4, up 58 basis points year-over-year and 8 basis points sequentially, aided by exceptional deposit growth that replaced higher-cost FHLB borrowings.
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