Ferretti (09638) Q1 2025 Earnings Call May 16, 2025 08:00 AM ET Company Participants Margherita Sacerdoti - Investor RelationsAlberto Galassi - CEOMarco Zammarchi - Chief Financial OfficerAdrien Duverger - Equity Research Associate Conference Call Participants Emanuele Gallazzi - Equity AnalystNiccolò Guido Storer - Equity Research Analyst Margherita Sacerdoti Good afternoon, everyone, and welcome to the Ferretti Group First Quarter twenty twenty five Results Webinar. Thank you all for joining us. We apprec ...

Ferretti (09638) Q1 2025 Earnings Call May 16, 2025 08:00 AM ET Company Participants Margherita Sacerdoti - Investor RelationsAlberto Galassi - CEOMarco Zammarchi - Chief Financial OfficerAdrien Duverger - Equity Research Associate Conference Call Participants Emanuele Gallazzi - Equity AnalystNiccolò Guido Storer - Equity Research Analyst Margherita Sacerdoti Good afternoon, everyone, and welcome to the Ferretti Group First Quarter twenty twenty five Results Webinar. Thank you all for joining us. We apprec ...

Financial Data and Key Metrics Changes - The company reported a record high order backlog of €1,800,000,000, an increase of 7.6% compared to €1,769,000,000 in the first quarter of the previous year [4] - Order intake grew by 1.5% to €271,000,000 from €267,000,000 in the previous year [4] - Marginality increased from 15.4% in Q1 2024 to 16% in Q1 2025 [5] - Revenues grew by 5% from €313,000,000 to €329,000,000, exceeding market growth expectations of 4.2% [5][29] - EBITDA reached €53,000,000 with a margin of 16% compared to 15.4% in the previous year [23] Business Line Data and Key Metrics Changes - The made-to-measure yacht segment saw a significant increase, now representing 49% of order intake, up from 37% last year [16] - The composite yacht segment remained flat, reflecting a softer U.S. season due to economic uncertainties [15] - The superyacht segment is performing well, with new orders filling slots until 2029 [17] Market Data and Key Metrics Changes - The U.S. market showed strong demand for made-to-measure yachts, while the composite yacht segment faced challenges [15][36] - Europe experienced a decline due to a one-off order in Q1 2024, but would have shown a 33% increase without that [18] - The Americas reported a 150% increase in the made-to-measure segment [19] Company Strategy and Development Direction - The company is focusing on expanding its made-to-measure segment and investing in new models, including revamping the Itama brand [10][11] - The strategy includes maintaining a balanced presence across 71 countries to mitigate risks associated with market fluctuations [20] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the U.S. market recovering after a period of uncertainty due to elections and tariffs [40] - The company expects sustainable mid-range single-digit growth for 2025, with revenues projected between €1,220,000,000 and €1,240,000,000 [29] Other Important Information - The company plans to complete its CapEx plan with investments expected to be below €90,000,000 for 2025 [25] - The net financial position remains positive with €55,000,000 in net cash [26] Q&A Session Summary Question: Current U.S. Market Environment - Management noted a strong demand for made-to-measure yachts, while the composite segment is facing challenges due to economic uncertainties [36][40] Question: Guidance on Order Intake for 2025 - The company expects order inflow to be slightly better than the previous year across all segments, with a conservative outlook for superyachts due to production capacity [44] Question: Net Working Capital Expectations - Management anticipates normalization of working capital in the second quarter, expecting to end the year with a high single-digit ratio, below 10% [45][72] Question: Current Trading in April and Early May - April was impacted by tariff news, but May showed a return to normal trading conditions across all regions [64] Question: Progress on Ravenna Facility - The CapEx plan for the Ravenna facility is nearly complete, with a utilization rate over 90% [66] Question: M&A Pipeline - The company is entering a due diligence process for a potential acquisition [67]

Financial Data and Key Metrics Changes - Consolidated net sales for Q1 2025 were $12.1 million, down from $14.1 million in Q1 2024, indicating a decrease in sales [11] - Gross profit increased to approximately $2 million from $1.9 million in the previous year, with a gross margin percentage of 16.8%, up 320 basis points compared to Q1 2024 [11][12] - Operating loss increased to $746,000 in Q1 2025 from a loss of $259,000 in Q1 2024 [13] - Net loss for Q1 2025 was $988,000 or $0.27 per share, compared to a loss of $706,000 or $0.21 per share in Q1 2024 [13] - Adjusted EBITDA for Q1 2025 increased to $576,000, a rise of $214,000 or nearly 60% compared to Q1 2024 [13] Business Line Data and Key Metrics Changes - The company reported an increase in operational efficiency, achieving higher gross profit on lower sales [4][5] - The book-to-bill ratio was 1.34, reflecting a 20% improvement from the prior year and an 80% increase since Q1 2023, indicating a healthy business development effort [7][8] Market Data and Key Metrics Changes - Funded backlog reached a record $120 million, with total backlog exceeding $2.5 billion, both achieved during 2024 [8] - Raw material lead times have increased significantly, with current lead times ranging from nine to fifteen months [9] Company Strategy and Development Direction - The company is focusing on aggressive business development efforts, including participation in the Paris Air Show to onboard new customers [6] - The management is optimistic about future sales growth, supported by a strong backlog and improved bookings [8] Management's Comments on Operating Environment and Future Outlook - Management believes that the impact of tariffs on imports will be muted and does not expect significant benefits from the proposed increase in defense spending [15] - The company reaffirms its belief that full-year results for 2025 will exceed those of 2024, despite quarterly variations [16] Other Important Information - Total debt has been reduced by approximately $1.6 million, while accounts receivable decreased by over $2 million due to timing of sales and collections [14] Q&A Session Summary Question: Clarity on first quarter revenue and trends for the second quarter - Management indicated that the revenue decline was primarily due to long lead times and timing of purchase orders, but they are seeing an easing in acquiring materials [19][20] Question: Customer hesitation due to economic conditions - Management confirmed there is no hesitation from customers regarding ongoing programs, and they expect to meet delivery expectations [24][25] Question: Specific new customers targeted at the Paris Air Show - The company has scheduled meetings with large overseas manufacturers and is targeting customers in the electric vehicle sector [28][29] Question: Was the stock-based compensation a one-time event? - Management indicated that the stock-based compensation expense is likely to be lower in future quarters [30]

Shimmick Corporation (SHIM) Q1 2025 Earnings Call May 14, 2025 05:00 PM ET Speaker0 Good afternoon, and thank you for joining us today on today's conference call to discuss Shimick's first quarter twenty twenty five results. Slides for today's presentation are available on the Investor Relations section of our website, www.shimick.com. During this call, management will make forward looking statements based on current expectations and assumptions, which are subject to risks and uncertainties. Actual results ...

Core Insights - Bird Construction's diversification and strategic focus on key market sectors have led to a resilient business model, driving top-line growth and margin improvement, with over $1.3 billion in new contracts awarded in Q1 2025 [1][2] - The company has a record backlog of contracted and awarded work, providing good visibility into revenue growth and margin accretion for 2025 and 2026 [1][2] Financial Highlights - Q1 2025 revenues increased by 4% year-over-year to $717.6 million, compared to $688.2 million in Q1 2024 [5][4] - Net income for Q1 2025 was $9.4 million, down from $10.0 million in Q1 2024, while adjusted earnings increased by 14% to $12.9 million [5][4] - Adjusted EBITDA rose by 41% to $34.1 million, with an adjusted EBITDA margin of 4.8%, up from 3.5% in the previous year [5][4] Backlog and Contracts - The backlog of contracted work grew by 16.4% to over $4.3 billion, the highest in the company's history, with $1.3 billion added in Q1 2025 [9][5] - The pending backlog at the end of Q1 2025 was $4.0 billion, including over $950 million in recurring revenue from master service agreements [9][5] Recent Projects and Awards - In Q1 2025, Bird was awarded five projects valued at approximately $470 million, including significant contracts in infrastructure and industrial maintenance [9][5] - Subsequent to Q1 2025, the company announced additional projects worth over $650 million, further expanding its portfolio [9][5] Liquidity and Capital Allocation - As of March 31, 2025, Bird had $137.8 million in cash and cash equivalents, with an additional $336.7 million available under its credit facility, supporting growth-related investments and potential acquisitions [9][5] - The company declared dividends of $0.07 per common share for March and April 2025 [9][5]

IRVINE, Calif., May 14, 2025 (GLOBE NEWSWIRE) -- Shimmick Corp. (NASDAQ: SHIM), a leading infrastructure solutions provider in water, climate resilience, energy transition and sustainable transportation, today announced financial results for the first quarter ended April 4, 2025. Highlights Reported revenue of $122 million, which includes $93 million of Shimmick Projects revenueReported gross margin of $5 million, as compared to gross margin of $(16) million during the first quarter of 2024Reported selling, ...

Everus Construction (ECG) Q1 2025 Earnings Call May 14, 2025 10:30 AM ET Company Participants Paul Bartolai - Partner - Investor Relations PracticeJeffrey Thiede - President & CEOMaximillian Marcy - Vice President, Chief Financial Officer and TreasurerIan Zaffino - Managing DirectorQuinten Helmer - Equity Research AssociateChris Senyek - Chief Investment Strategist Conference Call Participants Brent Thielman - MD & Senior Research Analyst Operator Thank you for standing by. My name is Ian, and I will be you ...

Core Insights - Alamo Group Inc. reported a net sales decline of 8.1% in Q1 2025, totaling $391.0 million compared to $425.6 million in Q1 2024, while gross profit decreased by $8.8 million but gross margin improved slightly [3][4][9] - The company experienced a strong performance in its Industrial Equipment Division, with sales up 12.5% year-over-year, while the Vegetation Management Division saw a significant decline of 26.8% [8][11] - The backlog at the end of Q1 2025 increased to $702.7 million, indicating a healthy demand outlook, with the Industrial Equipment Division backlog rising to $513.2 million [4][11] Financial Performance - Consolidated net income for Q1 2025 was $31.8 million, or $2.64 per diluted share, slightly down from $32.1 million, or $2.67 per diluted share in Q1 2024 [4][9] - Operating cash flow was reported at $14.2 million, with cash and cash equivalents reaching $200.3 million at the end of the quarter [5] - The company’s total debt was reduced to $216.8 million, with total debt net of cash improving significantly by $183.2 million or 91.7% compared to Q1 2024 [9][31] Division Performance - The Industrial Equipment Division achieved an operating margin of 13.7%, reflecting a sequential improvement of 130 basis points, while the Vegetation Management Division's operating margin was 8.1%, showing a recovery with a sequential improvement of 410 basis points [3][10] - Orders in the Industrial Equipment Division were up nearly 59% compared to Q4 2024, indicating robust demand, while the Vegetation Management Division saw a 18% increase in orders compared to Q1 2024 [11][12] - The backlog for the Vegetation Management Division was $189.5 million, down 30.3% year-over-year but increased for the third consecutive quarter [12][34] Outlook - The company anticipates continued strong demand in the Industrial Equipment Division and a return to modest growth in the Vegetation Management Division, driven by cost reduction actions implemented in 2024 [6][13] - The outlook for the next several quarters remains cautiously optimistic, with expectations for improved profitability and a stable market environment [13][14]

Capital Clean Energy Carriers (CCEC) Q1 2025 Earnings Call May 08, 2025 10:00 AM ET Company Participants Brian Gallagher - Executive Vice President of Investor RelationGerasimos Kalogiratos - CEO and DirectorNikos Tripodakis - Chief Commercial OfficerJonathan Chappell - Senior Managing DirectorLiam Burke - Managing DirectorNikos Kalapotharakos - CFOOmar Nokta - Managing DirectorCliment Molins - Head of Shipping Research Conference Call Participants Alexander Bidwell - Associate Analyst Operator Thank you fo ...