MRC Global (MRC) Q1 2025 Earnings Call May 07, 2025 10:00 AM ET Company Participants Monica Broughton - Investor RelationsRob Saltiel - President and CEOKelly Youngblood - EVP & CFOChristopher Dankert - SVP - Equity ResearchBlake McLean - Managing Director Conference Call Participants Adam Farley - Associate AnalystCharles Minervino - Equity Research Analyst Operator and welcome to MRC Global's First Quarter twenty twenty five Earnings Conference Call. At this time, participants are in a listen only mode. A ...

Financial Data and Key Metrics Changes - Revenues for the first quarter of 2025 were $63.3 million, a slight decrease from $64.6 million in Q1 2024, representing a 2% decline [5][10] - EBITDA for the quarter was $4.8 million, with earnings per share at $0.31, close to expectations [5] - Gross margin as a percentage of net sales decreased to 22.4% from 23.9% in the prior year, primarily due to higher raw material costs [11] - Net income from continuing operations was $1.9 million or $0.31 per diluted share, down from $2.1 million or $0.34 per diluted share in the previous year [12] - Adjusted net income from continuing operations was $2 million or $0.32 per diluted share, compared to $2.1 million or $0.34 per diluted share for the prior year [12] - Senior net leverage ratio increased to 1.45 from 1.23 at the end of 2024 [13] Business Line Data and Key Metrics Changes - The decline in net sales was primarily due to decreased sales of truck mirror assemblies and truck accessories, offset by increased sales of returnable transport packaging products [10] - The backlog decreased by 9% to $85.9 million compared to $94 million in the previous year, driven by decreased orders in several product categories [10] Market Data and Key Metrics Changes - The medium and heavy-duty truck markets have experienced significant impacts, with a noted softness in build rates expected to continue [19] - The returnable packaging market, particularly in the automotive segment, has been quiet, with a potential for pent-up demand as production shifts back to the U.S. [29][32] Company Strategy and Development Direction - The company plans to enhance strategic growth plans, eliminate bureaucracy, and optimize cash flow in 2025 [8] - Key initiatives include a focus on new product development and a nimble supply chain to adapt to market changes [18][21] - The company is also prioritizing mergers and acquisitions, with a disciplined approach to potential deals [41] Management's Comments on Operating Environment and Future Outlook - Management acknowledged challenges in the marketplace but expressed optimism about the company's positioning and future growth opportunities [5][39] - The company is actively managing tariff impacts and has been able to neutralize some of the effects thus far [40] - There is a belief that the company is currently in a trough and expects a recovery as customers begin to move forward with their programs [30] Other Important Information - The company completed a share buyback program of 200,000 shares and has authorized an additional program for 400,000 shares [6][13] - Leadership transitions have been completed, with a new board member joining who has significant industry experience [7] Q&A Session Summary Question: Outlook for returnable packaging business - Management noted a quiet market in returnable packaging, particularly in automotive, but believes they are well-positioned to capitalize on any future demand as production shifts back to the U.S. [29][30] Question: Gross margin expectations - Management indicated that while gross margins are currently lower, they expect to improve margins through better sales mix and cost management [33][34]

MILWAUKEE, May 06, 2025 (GLOBE NEWSWIRE) -- Weyco Group, Inc. (NASDAQ: WEYS) (“we,” “our,” “us” and the “Company”) today announced financial results for the quarter ended March 31, 2025. First Quarter 2025 Overview Net sales: $68.0 million (down 5% compared to $71.6 million in Q1 2024)Gross earnings: 44.6% of net sales (compared to 44.7% of net sales in Q1 2024)Earnings from operations: $7.0 million (down 15% compared to $8.3 million in Q1 2024)Net earnings: $5.5 million (down 17% compared to $6.7 million i ...

ONE Gas (OGS) Q1 2025 Earnings Call May 06, 2025 11:00 AM ET Speaker0 Good day, and welcome to the ONE Gas First Quarter Earnings Conference Call and Webcast. Today's conference is being recorded. At this time, I would like to turn the conference over to Erin Daly. Please go ahead, Ms. Daly. Speaker1 Thank you, Cole. Good morning, everyone, and thank you for joining us on our first quarter twenty twenty five earnings conference call. This call is being webcast live and a replay will be available later today ...

Mueller Water Products (MWA) Q2 2025 Earnings Call May 06, 2025 10:00 AM ET Speaker0 Today's conference is being recorded. If you have any objections, you may disconnect at this time. It is now my pleasure to turn the call over to Mr. Whit Kincaid. Sir, you may begin. Speaker1 Good morning, everyone. Thank you for joining us for Mueller Water Products second quarter conference call. Yesterday afternoon, we issued our press release reporting results of operations for the quarter ended 03/31/2025. A copy of t ...

Kontoor Brands (KTB) Q1 2025 Earnings Call May 06, 2025 08:30 AM ET Speaker0 Good morning, ladies and gentlemen, and welcome to the Kontoor Brands First Quarter twenty twenty five Earnings Conference Call. At this time, all lines are in a listen only mode. Following the presentation, we will conduct a question and answer session. I would now like to turn the conference call over to Michael Karapitian, Vice President of Corporate Development, Enterprise Strategy and Investor Relations. Please go ahead. Speak ...

Reaffirms 2025 Sales and Earnings GuidanceNEW YORK, May 05, 2025 (GLOBE NEWSWIRE) -- Interparfums, Inc. (NASDAQ GS: IPAR) today reported results for the first quarter ended March 31, 2025. First Quarter Highlights: ($ in millions, except per share amounts)Three Months EndedMarch 31,20252024% ChangeNet Sales$339$3245%Gross Margin<td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-left: 0 ; padding-righ ...

Core Insights - Wendy's is anticipating financial pressure on customers for the remainder of the year, leading to a focus on value offerings to attract diners after a 2.1% decline in same-store sales [1][2] - The company is launching new initiatives such as Frosty Fusions and a "100 Days of Summer" program to drive traffic and enhance customer engagement [2] - Technological investments are being made to improve customer experience, including enhancements to the mobile app, loyalty program, and digital menu boards [3] Technological Enhancements - Wendy's is collaborating with Palantir to improve its supply chain through a digital twin that tracks the supply chain network in real time across 3,500 transportation units [4] - The digital twin system alerts Wendy's to potential stock shortages and helps manage raw material orders efficiently [5] - An example of the system's effectiveness is its ability to resolve a network-wide shortage of 10,200 cases of syrup in five minutes, a task that previously required extensive manual effort [6]

Financial Data and Key Metrics Changes - Q1 2025 sales were $181.6 million, a decrease of 1.3% year-over-year, with comparable store sales down 4.8% [3][18] - Gross margins increased to 61.2% from 60.3%, reflecting improved product selection and merchandise mix [4][18] - Pre-tax profits rose to $5.3 million, with an operating margin of 2.9%, compared to $3.2 million and 1.7% in Q1 2024 [4][19] - Net income for Q1 2025 was $3.8 million, or $0.23 per diluted share, compared to $2.4 million, or $0.14 per share in the same quarter last year [19] Business Line Data and Key Metrics Changes - The design business accounted for approximately 33% of total business, with an average ticket of over $3,300, up about 4% [6] - The designer average ticket grew to over $7,400, an increase of over 9% [6] - Weakness was noted in dining and occasional categories, while upholstery, bedroom, and mattress categories performed in line with expectations [6] Market Data and Key Metrics Changes - Written sales were down 2.6% with comparable sales down 6.3% [3] - Sales for Presidents' Day were disappointing, down roughly 10% over the two-week period [5] - Traffic softened but remained positive in the low single digits, with conversion rates stabilizing and showing some improvement compared to last year [5] Company Strategy and Development Direction - The company plans to roll out a new point of purchase and tagging program to enhance the in-store customer experience [7] - The strategy includes increasing inventories of best-selling products to mitigate supply chain disruptions due to tariffs [11][12] - The company aims to open five new stores annually, with a cautious approach based on current market conditions [13][14] Management's Comments on Operating Environment and Future Outlook - Management expressed satisfaction with Q1 results despite challenges such as housing market lows, high interest rates, and declining consumer confidence [4][16] - The company is well-positioned to navigate challenges due to its strong brand, debt-free balance sheet, and customer focus [17] - Future guidance includes expectations for gross margins between 60% and 60.5% for 2025, factoring in current tariffs [21][22] Other Important Information - Inventory levels increased by approximately $5 million or about 6% since year-end 2024 [11] - The company has no funded debt and ended Q1 with $111.9 million in cash and cash equivalents [20] - CapEx for Q1 2025 was $6.1 million, with a planned reduction to $24 million for the year due to tariff uncertainties [22] Q&A Session Summary Question: Impact of winter storms on business - Management noted that January was down almost 2% in written business, February down about 5%, and March was flat, with multiple storms impacting operations [26][27][28] Question: Price increases due to tariffs - Management confirmed targeted price increases will be implemented, but they expect minimal impact on consumers due to supplier cooperation [31][32] Question: Changes in competition - Management observed aggressive promotions from competitors but did not believe promotional activity was the primary issue affecting sales [34][35] Question: Reduction in CapEx guidance - Management explained the $3 million reduction in CapEx was due to tariff uncertainties, leading to a cautious approach on store expansion [36][37] Question: Performance of new stores - Management expressed satisfaction with new store performance, noting they leverage existing distribution networks and initial traffic has been good [47][48]

Newell Brands (NWL) Q1 2025 Earnings Call April 30, 2025 09:00 AM ET Speaker0 Good morning and welcome to the Noel Brands First Quarter twenty twenty five Earnings Conference Call. At this time, all participants are in listen only mode. After a brief discussion by management, we will open the call up for questions. In order to stay within the time scheduled for the call, please limit yourself to one question during the Q and A session. Today's conference call is being recorded. A live webcast of this call i ...