Gray Media (GTN) Q1 2025 Earnings Call May 08, 2025 01:00 PM ET Company Participants Hilton H. Howell Jr - Chairman & CEOKevin Latek - Chief Legal and Development OfficerPat LaPlatney - President and Co-CEOJeff Gignac - Executive VP & CFOPatrick Sholl - Vice PresidentAlan Gould - Managing Director Conference Call Participants Daniel Kurnos - Equity Research AnalystAaron Watts - Managing Director, Media, Entertainment, Cable, & Satellite Credit AnalystCraig Huber - Equity Research AnalystSteven Cahill - Anal ...

Global Net Lease (GNL) Q1 2025 Earnings Call May 08, 2025 11:00 AM ET Speaker0 Ladies and gentlemen, greetings, and welcome to Global Net Lease, Inc. First Quarter twenty twenty five Earnings Conference Call. At this time, all participants are in a listen only mode. A brief question and answer session will follow the formal presentation. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Jordan Schonfeld, Senior Vice President of Investor Relations. Please go ahe ...

Mativ (MATV) Q1 2025 Earnings Call May 08, 2025 08:30 AM ET Company Participants Chris Kuepper - Director - IRShruti Singhal - President and CEOGreg Weitzel - CFOLars Kjellberg - Managing Director Conference Call Participants Daniel Harriman - AnalystNone - Analyst Operator Welcome to Mattev's First Quarter twenty twenty five Earnings Conference Call. On the call today from Mattev are Shruti Singhal, Chief Executive Officer Greg Weitzel, Chief Financial Officer and Chris Cooper, Director of Investor Relatio ...

Inspired Entertainment (INSE) Q1 2025 Earnings Call May 08, 2025 08:30 AM ET Company Participants Lorne Weil - Executive ChairmanBrooks Pierce - President & CEOBarry Jonas - Managing Director Conference Call Participants Ryan Sigdahl - Partner & Senior Research AnalystJordan Bender - Senior Equity Research AnalystChad Beynon - Managing Director, AnalystJosh Nichols - Senior Research Analyst Operator Good morning, everyone, and welcome to the Inspired Entertainment First Quarter twenty twenty five Conference ...

Krispy Kreme (DNUT) Q1 2025 Earnings Call May 08, 2025 08:30 AM ET Company Participants Alexandre Eldredge - Senior Manager of IRJoshua Charlesworth - President & CEOJeremiah Ashukian - EVP & CFORahul Krotthapalli - Vice President - Equity ResearchBill Chappell - Managing Director Conference Call Participants Daniel Guglielmo - Equity Research AnalystNone - AnalystAndrew Wolf - SVP & Senior Research Analyst Operator Hello, everyone, and thanks for standing by. My name is Ian, and I will be your conference o ...

Mativ (MATV) Q1 2025 Earnings Call May 08, 2025 08:30 AM ET Speaker0 Welcome to Mattev's First Quarter twenty twenty five Earnings Conference Call. On the call today from Mattev are Shruti Singhal, Chief Executive Officer Greg Weitzel, Chief Financial Officer and Chris Cooper, Director of Investor Relations. Today's call is being recorded and will be available for replay later this afternoon. At this time, all participants have been placed on a listen only mode and the floor will be open for your questions ...

Krispy Kreme (DNUT) Q1 2025 Earnings Call May 08, 2025 08:30 AM ET Speaker0 Hello, everyone, and thanks for standing by. My name is Ian, and I will be your conference operator today. At this time, I'd like to welcome everyone to the Krispy Kreme First Quarter twenty twenty five Earnings Call. I would now like to turn the call over to Alexander Eldridge, Krispy Kreme Investor Relations. Please go ahead. Speaker1 Thank you. Good morning, everyone. Welcome to Krispy Kreme's first quarter twenty twenty five ear ...

Core Insights - Sonoco Products Company has transformed into a more sustainable packaging company following the acquisition of Eviosys, enhancing its sustainability footprint and global reach [1][2] Group 1: Sustainability Initiatives - The acquisition of Eviosys adds 6,300 employees and 45 facilities across Europe, the Middle East, and Africa, positioning Sonoco as a global leader in metal and fiber packaging [2] - Sonoco aims to reduce Scope 1 and 2 greenhouse gas emissions by 25% by 2030 from a 2020 baseline, supported by investments in renewable energy and energy efficiency [3] - In 2024, Sonoco implemented 27 sustainability projects, achieving a 9.6% reduction in energy use, surpassing its 8% goal for 2030 [4] Group 2: Emission Reductions and Achievements - Eviosys achieved a 26.3% reduction in Scope 1 and 2 emissions from its 2020 baseline in 2024 and received an EcoVadis Platinum rating for environmental performance [5] - The integration of energy-efficient technologies is expected to reduce natural gas usage by 60% and eliminate solvent emissions [5] Group 3: Product Innovations - Sonoco's packaging innovations include the Rigid Paper Container and lightweight steel aerosols, which enhance recyclability and reduce carbon emissions [6] - Eviosys' Ecopeel and Horizon products have been recognized for their sustainable design, cutting carbon emissions by 20% and enhancing recyclability [6] Group 4: Corporate Vision and Recognition - Sonoco's mission, "Better Packaging. Better Life.", drives its commitment to sustainability and innovation across its global operations [7] - The company has been recognized as one of America's Most Trustworthy and Responsible Companies by Newsweek in 2025 [8]

Financial Data and Key Metrics Changes - Revenue for Q1 2025 was $172 million, an increase of 13% compared to Q1 2024 [13][25] - Shipments were $157 million, down 36% year-over-year, attributed to strong demand in Q1 2024 [13][26] - Gross margin was 48.2%, exceeding the target range of 42% to 48% [14][27] - Net cash increased to $271 million from $259 million at the end of 2024 [14][29] Business Line Data and Key Metrics Changes - Revenue from single wafer cleaning tools grew 18%, representing 75% of total revenue [15] - Revenue from ECP, furnace, and other technologies grew 7%, accounting for 16% of total revenue [16] - Revenue from advanced packaging, excluding ECP, was down 10.5%, representing 9% of total revenue [19] Market Data and Key Metrics Changes - In China, the company estimates its market share in wafer cleaning and plating exceeded 25%, translating to over 9% globally for each category [7] - The company is expanding its business into the global market, with investments in an Oregon facility to reduce tariff uncertainties [11][12] Company Strategy and Development Direction - The company aims to develop world-class tools and establish R&D and production in key countries to support major semiconductor customers [9] - The focus remains on delivering differentiated enabling technology to solve critical process challenges for global customers [24] - The long-term revenue target is set at $3 billion, with equal contributions expected from China and the global market [21] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the shifting global trade environment and its complexities, emphasizing the importance of their established strategy [9] - The company maintains a revenue outlook for 2025 in the range of $850 million to $950 million, implying a 15% year-over-year growth at the midpoint [24] - Management expressed confidence in continued market share growth despite a plateau in the WFE market in China [44][46] Other Important Information - The Oregon facility is being developed to support global customers and is expected to include a clean room and demo lab [23] - The Lingang production and R&D center is nearing completion, with a potential annual production capacity of $3 billion [22] Q&A Session Summary Question: Shipment figures and full-year shipment growth expectations - Management expects shipments to grow in 2025 but acknowledges that the growth rate may not exceed last year's high levels [35][36] Question: Impact of tariffs on profitability - Management believes the impact of tariffs is minimized as they are sourcing more parts locally and from third countries [42] Question: Thoughts on 2026 growth and market conditions - Management indicated that while the WFE market may plateau, they expect to continue gaining market share through innovation and new products [44][46] Question: Domestic competition and potential consolidation in the semiconductor sector - Management expressed confidence in their technology and innovation, stating that local competitors cannot easily replicate their products [52][55]

Financial Data and Key Metrics Changes - Revenue for Q1 2025 was $172 million, up 13% year-over-year [13][27] - Shipments were $157 million, down 36% compared to Q1 2024 [13][27] - Gross margin was 48.2%, exceeding the targeted range of 42% to 48% [14][28] - Net cash increased to $271 million from $259 million at the end of 2024 [14][31] Business Line Data and Key Metrics Changes - Revenue from single wafer cleaning tools grew 18%, representing 75% of total revenue [15] - Revenue for ECP, furnace, and other technologies grew 7%, accounting for 16% of total revenue [16] - Revenue from advanced packaging, excluding ECP, was down 10.5%, representing 9% of revenue [19] Market Data and Key Metrics Changes - In China, the company estimates its market share in wafer cleaning and plating exceeded 25%, translating to over 9% globally for each category [7] - The company is expanding its business into the global market, particularly in the U.S. [11] Company Strategy and Development Direction - The company aims to develop world-class tools and establish R&D and production in key countries [9] - Investment in the Oregon facility is intended to reduce tariff uncertainty and establish production close to customers [12] - The long-term revenue target is $3 billion, with equal contributions expected from China and the global market [21] Management's Comments on Operating Environment and Future Outlook - The management acknowledged a shifting global trade environment with new tariffs and evolving policies [9] - The company maintains its 2025 revenue outlook in the range of $850 million to $950 million, implying 15% year-over-year growth at the midpoint [24] - Management expressed confidence in continued market share growth despite a plateau in the WFE market in China [47][50] Other Important Information - The Lingang production and R&D center is nearing completion, with a potential annual production capacity of $3 billion [22] - The Oregon facility is being developed to support global customers with a demo lab and clean room [23] Q&A Session Summary Question: Shipment figures and full-year growth expectations - Management expects shipments to grow in 2025 but acknowledges that the growth rate may not exceed last year's high levels [37][38] Question: Impact of tariffs on profitability - Management believes the impact of tariffs is minimized as they are sourcing more parts locally and from third-party countries [44] Question: Thoughts on 2026 growth and market conditions - Management indicated that while the WFE market may plateau, they expect to continue gaining market share through innovation and new products [47][50] Question: Domestic competition and potential consolidation in the semiconductor sector - Management expressed confidence in their technology and innovation, stating that local competitors cannot easily replicate their products [56][59]