International General Insurance Holdings (IGIC) Q1 2025 Earnings Call May 07, 2025 09:00 AM ET Company Participants Robin Sidders - Head of IRWasef Jabsheh - Executive ChairmanWaleed Jabsheh - President & CEO Conference Call Participants Nicolas Iacoviello - Equity Research AnalystMichael Phillips - Managing Director and Insurance Analyst Operator Please note this event is being recorded. I would now like to turn the conference over to Robin Sidders, Head of Investor Relations. Please go ahead. Robin Sidder ...

International General Insurance Holdings (IGIC) Q1 2025 Earnings Call May 07, 2025 09:00 AM ET Company Participants Robin Sidders - Head of IRWasef Jabsheh - Executive ChairmanWaleed Jabsheh - President & CEO Conference Call Participants Nicolas Iacoviello - Equity Research AnalystMichael Phillips - Managing Director and Insurance Analyst Operator Please note this event is being recorded. I would now like to turn the conference over to Robin Sidders, Head of Investor Relations. Please go ahead. Robin Sidder ...

Monolithic Power Systems (MPWR) Q1 2025 Earnings Call May 01, 2025 05:00 PM ET Company Participants Bernie Blegen - Executive VP & CFOTore Svanberg - Managing DirectorMichael Hsing - Founder, Chairman, President & CEOTony Balow - Vice President of FinanceRoss Seymore - Managing DirectorRick Schafer - Managing Director - Semiconductor Equity ResearchJoshua Buchalter - Director - Equity ResearchChris Caso - Managing Director Conference Call Participants Quinn Bolton - Senior AnalystJoe Quatrochi - Director & ...

CTS (CTS) Q1 2025 Earnings Call April 30, 2025 10:00 AM ET Company Participants Kieran O’Sullivan - Chairman, President and Chief Executive OfficerAshish Agrawal - VP & CFO Conference Call Participants John Franzreb - Senior Equity AnalystHendi Susanto - Research Analyst Operator Hello, everyone, and thank you for joining the CTS Corporation First Quarter twenty twenty five Earnings Call. My name is Marie, and I will be coordinating your call today. I will now hand over to your host, Kieran O'Sullivan, Chai ...

CTS (CTS) Q1 2025 Earnings Call April 30, 2025 10:00 AM ET Speaker0 Hello, everyone, and thank you for joining the CTS Corporation First Quarter twenty twenty five Earnings Call. My name is Marie, and I will be coordinating your call today. I will now hand over to your host, Kieran O'Sullivan, Chairman, President and CEO to begin. Please go ahead. Speaker1 Good morning and thank you for joining us today for our first quarter twenty twenty five results. We continue to execute on our diversification strategy ...

Core Viewpoint - CMB.TECH NV has announced the acquisition of approximately 40.4% of Golden Ocean Group Limited's issued share capital through its subsidiary, CMB.TECH Bermuda Ltd, at a price of 14.49 USD per share, marking a significant step in its diversification strategy [1][2][3]. Group 1: Acquisition Details - CMB.TECH is acquiring 81,363,730 shares of Golden Ocean at a price of 14.49 USD per share, representing about 40.4% of Golden Ocean's issued share capital [1]. - The transaction is expected to complete on 12 March 2025 and is not subject to any conditions [4]. - CMB.TECH did not own any shares in Golden Ocean prior to this transaction [1]. Group 2: Strategic Intent - The acquisition aligns with CMB.TECH's strategic objective of diversification, aiming to become a long-term shareholder in Golden Ocean and invest in a modern dry bulk fleet [2]. - CEO Alexander Saverys emphasized that this acquisition is a significant milestone in CMB.TECH's diversification strategy and expressed intentions to engage with Golden Ocean's board and management to drive long-term growth [3]. Group 3: Financial Considerations - CMB.TECH has identified a bank syndicate to refinance all or parts of Golden Ocean's current outstanding debt, indicating proactive financial management in light of the acquisition [4].

Financial Data and Key Metrics Changes - Total sales for 2024 were $1.9 billion, with net income at $23 million and adjusted EBITDA of $72.5 million, reflecting the company's ability to deliver profitable results despite a challenging environment [11][12][13] - For Q4 2024, net income totaled $3.9 million compared to $7.4 million in Q4 2023, with adjusted EBITDA at $14.5 million, down from $16.7 million year-over-year but up from $13 million in Q3 2024 [32][33] Business Segment Data and Key Metrics Changes - The carbon segment maintained shipping volumes despite lower OEM demand, achieving $7.2 million in EBITDA for Q4 2024, supported by a 17% growth in galvanized participation [25] - The pipe and tube segment delivered adjusted EBITDA of $7.2 million, focusing on fabricated product growth [26] - The Specialty Metals segment contributed $4 million of EBITDA, with strong market share gains in stainless and aluminum [27] Market Data and Key Metrics Changes - The company successfully navigated a difficult year for the metals industry, maintaining shipping volumes within 1% of 2023 levels, outperforming industry shipment levels [10] - The Purchasing Managers' Index for manufacturing was below 50 for eleven of the twelve months in 2024, indicating a challenging demand environment [10] Company Strategy and Development Direction - The company is focused on diversification and growth through strategic investments in automation and capacity expansion, with significant projects expected to become operational in 2025 or early 2026 [14][29] - The acquisition of Metalworks is part of the company's strategy to enhance its position in manufactured metal products and is expected to be accretive [15][18] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the long-term outlook for the metals industry, emphasizing the importance of remaining nimble and adaptive to market dynamics [21][22] - The company plans to continue investing in automation, product diversity, and quality solutions for customers [22] Other Important Information - The board approved a 7% increase in the quarterly dividend, raising it from $0.15 to $0.16 per share, marking the fourth dividend increase since 2022 [20][37] - The company ended Q4 2024 with total debt of approximately $272 million, an increase due to the Metalworks acquisition [35] Q&A Session Summary Question: What drove the increase in gross profit per ton in the carbon flat segment? - Management attributed the increase to the expansion of end-use metal products and a concerted effort in growing the fabrication business, which contributed positively to margins [44][47][48] Question: What are the expectations for the pipe and tube segment moving into Q1? - Management indicated that the first quarter is expected to be traditional, with opportunities for recovery due to new customers acquired at the end of 2024 [50] Question: How will the tariffs affect profitability and M&A valuations? - Management noted that the tariffs could impact profitability in Q1 and that they anticipate more activity in the M&A market as conditions improve in the back half of 2025 [84][86] Question: What is the outlook for capital expenditures and margins? - Management expects capital expenditures to increase in 2025, with a positive impact on margins anticipated in 2026 as new projects come online [90] Question: What contributed to the decrease in selling and general expenses? - The decrease was primarily due to $1.8 million less in variable incentive expenses tied to profitability, reflecting the lower performance in Q4 2024 compared to the previous year [92]

Getty Realty (GTY) Q4 2024 Earnings Call February 13, 2025 08:30 AM ET Company Participants Joshua Dicker - EVP, General Counsel and SecretaryChristopher Constant - President and Chief Executive OfficerMark Olear - EVP and COOBrian Dickman - EVP, CFO and TreasurerMitch Germain - Managing Director - Real Estate ResearchFarrell Granath - Equity Research Associate Conference Call Participants Wesley Golladay - Senior Research AnalystUpal Rana - Director - Senior Equity Research Analyst Operator Good morning, a ...

Patria Investments Limited (NASDAQ:PAX) Q4 2024 Earnings Conference Call February 12, 2025 9:00 AM ET Company Participants Rob Lee - Head, Shareholder Relations Alex Saigh - Chief Executive Officer Ana Russo - Chief Financial Officer Conference Call Participants Beatriz de Abreu - Goldman Sachs William Barranjard - Itau BBA Ricardo Buchpiguel - BTG Pactual Operator Good day, and thank you for standing by. Welcome to the Patria Fourth Quarter and Full Year 2024 Earnings Conference Call. At this time, all par ...