Heidrick & Struggles International (HSII) Q1 2025 Earnings Call May 05, 2025 05:00 PM ET Company Participants Tom Monahan - CEO & DirectorNirupam Sinha - CFOKevin Steinke - Managing DirectorTyler Barishaw - Equity Research Associate Conference Call Participants Marc Riddick - Business Services Analyst Operator Thank you, and welcome to Heidrick and Struggles twenty twenty five First Quarter Conference Call. Participating on the call today are the company's CEO, Tom Manahan and CFO, Niripam Sena. Accompanyin ...

Hecla Mining Company (HL) Q1 2025 Earnings Call May 02, 2025 10:00 AM ET Company Participants Mike Parkin - VP - Strategy & IRRob Krcmarov - President and Chief Executive OfficerRussell Lawlar - SVP, CFOCarlos Aguiar - Senior VP & COOHeiko Ihle - MD & Equity ResearchDalton Baretto - Managing Director, Equity ResearchMichael Siperco - DirectorKurt Allen - Vice President of ExplorationAndrew Dusome - Equity Research Associate, Metals & MiningHenry Hearle - Equity Research AssociateJoseph Reagor - Managing Dir ...

Hecla Mining Company (HL) Q1 2025 Earnings Call May 02, 2025 10:00 AM ET Company Participants Mike Parkin - VP - Strategy & IRRob Krcmarov - President and Chief Executive OfficerRussell Lawlar - SVP, CFOCarlos Aguiar - Senior VP & COOHeiko Ihle - MD & Equity ResearchDalton Baretto - Managing Director, Equity ResearchMichael Siperco - DirectorKurt Allen - Vice President of ExplorationAndrew Dusome - Equity Research Associate, Metals & MiningHenry Hearle - Equity Research AssociateJoseph Reagor - Managing Dir ...

Hecla Mining Company (HL) Q1 2025 Earnings Call May 02, 2025 10:00 AM ET Speaker0 Thank you for standing My name is Bailey, and I will be your conference operator today. At this time, I would like to welcome everyone to the Q1 twenty twenty five Hecla Mining Company Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question and answer session. I would now like to turn the call over to Mike Parkin, Vice President, Strate ...

Group 1 - The company plans to publish its Trading Statement for Q1 2025 on May 12, 2025 [2] - A conference call will be held on the same day at 1:00 PM GMT to discuss the Trading Statement [2] - The Trading Statement will be available on the company's website prior to the conference call [3] Group 2 - Diversified Energy Company PLC focuses on natural gas and liquids production, transport, marketing, and well retirement [4] - The company employs a strategy of acquiring long-life assets and investing in them to enhance performance before retiring them safely [4] - Diversified has been recognized for its sustainability leadership and aims to deliver reliable free cash flow and generate shareholder value [4]

Cal Everett to guide the Liberty Gold spin-out of Specialty American Metals as future non-executive Director and build a second Liberty Gold controlled companyVANCOUVER, British Columbia, April 28, 2025 (GLOBE NEWSWIRE) -- Liberty Gold Corp. (TSX:LGD; OTCQX:LGDTF) (“Liberty Gold” or the “Company”) today announces that after more than eight years of distinguished service, Cal Everett, the Company’s Chief Executive Officer and Director, will be retiring from Liberty Gold and will be transitioning to the recen ...

Core Viewpoint - The Global Campus Gen-Z Leaders Exchange program has been launched to foster international dialogue and collaboration among Generation Z leaders through various activities and initiatives [1][7]. Group 1: Program Components - The program includes two main components: the Z-Leaders Online Forum and the Z-Leaders Tour, engaging over 50 university media reporters and young representatives globally [3]. - The Z-Leaders Online Forum commenced on April 9th, featuring live discussions on global issues such as climate change, emerging industries, digital cultural dissemination, and AI applications [4]. - The Z-Leaders Tour will provide participants with opportunities to visit Chinese cities, enterprises, universities, research institutions, and cultural landmarks to experience China's development firsthand [6]. Group 2: Objectives and Initiatives - The initiative aims to create a global youth communication platform that is cross-language, multi-temporal, and multi-dimensional [3]. - Plans have been announced to establish a permanent Global Youth Alliance to connect students from prestigious universities worldwide, along with a Global Youth Cloud Initiative to tackle collective challenges [7].

Core Insights - 3WIN Corp. has appointed Craig Snyder as the new CEO and member of the Board of Directors, effective April 17, 2025, following his role as Chief Transformation Officer [1][3] - Christopher J. Sinacori has transitioned to Executive Chairman of the Board and President, while Jeffrey A. Sinacori becomes Chief Operating Officer [2] - The leadership changes are aimed at enhancing operational performance and preparing the company for its public offering [3][8] Company Overview - 3WIN Corp. is a global wholesale distributor of CCELL® vape products, serving the cannabis and hemp markets [9] - The company offers customization services and packaging solutions to help brands stand out in competitive markets [9] - 3WIN's subsidiary, 3Win Holdings (Canada) Corp., focuses on the development and distribution of controlled substances under Canadian licenses [10][11] Leadership Experience - Craig Snyder brings over 25 years of leadership experience in high-tech and consumer products, with a history of driving growth and executing strategies in new markets [5][6] - His previous roles include senior leadership positions at Fortune 100 companies and guiding Nasdaq-listed startups through successful IPOs [5] - Snyder has extensive M&A experience, having led over 25 acquisitions and successfully exited two companies as CEO [6] Strategic Focus - As CEO, Snyder will cultivate relationships in capital markets and oversee initiatives to maximize operational performance and customer experience [3][4] - His role will involve ensuring efficient growth while staying ahead of industry trends, optimizing the company's structure and market positioning [4] - The leadership believes Snyder's experience will be instrumental in scaling operations to meet evolving customer needs [7][8]

Financial Data and Key Metrics Changes - The company reported first quarter net income of $11 million, or $1.37 per share, representing a 13% increase from the fourth quarter and a 20% increase year-over-year [2] - Net interest margin (NIM) expanded for the fourth consecutive quarter to 3.91%, with return on assets (ROA) increasing by 17 basis points to 1.29% [3][10] - Loans grew by $29.1 million in the first quarter, approximately 4% annualized, with expectations of continued growth [3][12] - Deposits increased at a 7% annualized rate, with noninterest-bearing deposits making up 27% of total deposits [4][15] Business Line Data and Key Metrics Changes - Net interest income remained stable at $31.7 million in the first quarter compared to $31.6 million in the fourth quarter, with expectations for growth due to loan growth and increasing asset yields [12] - Noninterest income increased by $400,000 to $4 million in the first quarter, driven by a gain on the sale of SBA loans [17] - Noninterest expense decreased by $776,000 to $21.6 million, primarily due to a decline in compensation and benefits [18] Market Data and Key Metrics Changes - The company has seen strong performance in its Houston market, which has been a significant success since its acquisition three years ago [4] - The loan portfolio is 59% fixed, providing yield protection from further rate cuts [17] Company Strategy and Development Direction - The company is focused on expanding its physical footprint and enhancing customer relationships, particularly in the Houston market [5][8] - Management emphasizes a strong credit culture and customer service as key components of their strategy to outperform peers [8][20] Management's Comments on Operating Environment and Future Outlook - Management remains confident in the company's outlook, expecting NIM and earnings to continue to expand even without rate cuts [9][20] - The company is monitoring economic conditions and potential impacts from tariffs but maintains a positive outlook on loan growth [3][8] Other Important Information - The company repurchased 297,000 shares at an average price of $43.82 per share and has a new 400,000 share repurchase plan approved by the board [19][20] - Tangible book value per share has grown at a 7.7% annualized rate since 2019, with dividends increased by 21% [20] Q&A Session Summary Question: Can you touch on the go forward margin expectation after the improvement in the first quarter? - Management expects a slowdown in deposit costs in the second quarter, with stable to slightly increasing NIM anticipated even with a 25 basis point rate cut [25][30] Question: Can you discuss the two loan relationships that moved to non-accrual in the quarter? - One loan is related to a condominium development in Mississippi facing sales challenges, while the other is a hotel undergoing renovations in Houston [36][39] Question: What about the office portfolio and any recent maturities? - The office portfolio has performed well, with most matured loans renewing without significant movement [44] Question: Will CD pricing change this quarter? - CD rates are expected to remain slightly elevated but will likely decrease incrementally over the next quarter [46] Question: Do you plan to see the loan to deposit ratio come down over time? - The loan to deposit ratio is expected to remain tight until there is a noticeable decrease in loan demand [50]

Financial Data and Key Metrics Changes - The company reported a first quarter net income of $11 million, or $1.37 per share, representing a 13% increase from the fourth quarter and a 20% increase year-over-year [5] - Net interest margin (NIM) expanded for the fourth consecutive quarter to 0.91%, with return on assets (ROA) increasing by 17 basis points to 1.29% [5][14] - Loans grew by $29.1 million in the first quarter, approximately 4% annualized, with a guidance of 4% to 6% loan growth for 2025 [6][17] - Deposits increased at a 7% annualized rate, with non-interest bearing deposits making up 27% of total deposits [7][21] Business Line Data and Key Metrics Changes - Non-interest income for the first quarter was $4 million, an increase of $400,000 compared to the prior quarter, driven by a 100% increase in SBA loan sales [24] - Non-interest expense decreased by $776,000 to $21.6 million, primarily due to a decline in compensation and benefits [25] Market Data and Key Metrics Changes - The company has seen a stable loan yield of 6.43%, with a slight increase in earning asset yields expected due to new loan originations [40][23] - The cost of interest-bearing deposits declined by 15 basis points in Q1, with a significant reduction in the cost of CDs [20] Company Strategy and Development Direction - The company continues to optimize its Houston market, with plans to upgrade and expand its physical footprint [8] - A new 400,000 share repurchase plan was approved by the board, indicating confidence in the company's intrinsic value [27] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to outperform despite recent economic volatility, maintaining a strong track record [12] - The outlook for NIM and earnings is positive, with expectations for continued expansion even without rate cuts [13] Other Important Information - The allowance for loan loss ratio remained stable at 1.21%, with net charge-offs at less than one basis point annualized [18][20] - The company has a strong capital position, with tangible book value per share growing at a 7% annualized rate since 2019 [28] Q&A Session Summary Question: What are the expectations for margin improvement after Q1? - Management indicated that they expect a slowdown in profit costs in Q2, with a stable NIM anticipated despite potential rate cuts [36][38] Question: Can you discuss the loan relationships that moved to non-accrual? - Management highlighted two problematic loans, one in Mississippi related to condominium development and another a hotel undergoing renovations in Houston [44][47] Question: What is the status of the office portfolio and any recent maturities? - The office portfolio has performed well, with most matured loans renewing without significant movement [52] Question: Will CD pricing change this quarter? - Management expects CD rates to remain slightly elevated but anticipates a marginal reduction in costs over the next quarter [56] Question: Will the loan-to-deposit ratio change over time? - Management believes the loan-to-deposit ratio will remain tight until there is a noticeable decrease in loan demand [59] Question: How aggressive will the company be with share repurchases? - Management indicated that while they may not be as aggressive as in Q1, they will continue to repurchase shares when opportunities arise [70]