Crown Crafts Inc (CRWS) Q4 2025 Earnings Call June 25, 2025 09:00 AM ET Company Participants Matt Hodges - Managing DirectorOlivia Elliott - CEO, President & DirectorClaire Spencer - Vice PresidentCraig Demarest - CFODouglas Ruth - President Conference Call Participants None - Analyst Operator Good day, and welcome to the Crown Crafts Inc. Fourth Quarter Fiscal Year twenty twenty five Conference Call. All participants will be in listen only mode. After today's presentation, there will be an opportunity to a ...

Financial Data and Key Metrics Changes - Fiscal year 2025 total sales were slightly below the previous year due to persistent inflation and consumer pullback on discretionary spending [4] - Fourth quarter net sales increased by 2.9% year-over-year to $23,200,000, driven by strong Baby Boom product sales [8] - Full year net sales for fiscal 2025 were $87,300,000, a slight decrease from $87,600,000 in the prior year [11] - GAAP net loss for the fourth quarter was $10,800,000, primarily due to a $13,800,000 goodwill impairment charge [10] - Adjusted net income for the year was $1,000,000, translating to adjusted diluted earnings per share of $0.10 [12] Business Line Data and Key Metrics Changes - The Baby Boom acquisition contributed $11,900,000 in net sales, but this was offset by declines in legacy business lines [11] - Gross profit margin for the fourth quarter decreased to 18.3% from 23.2% in the prior year, attributed to higher tariffs and increased expenses [9] - Marketing and administrative expenses rose by 17% year-over-year due to increased advertising costs and expenses from the Baby Boom acquisition [10] Market Data and Key Metrics Changes - The company faced challenges due to uncertainty around U.S. tariff policy, impacting sales from imports [4] - The transition to using distributors in Europe is expected to enhance international sales over time [32] Company Strategy and Development Direction - The company is focused on long-term growth through acquisitions and expanding product offerings, including the recent acquisition of Baby Boom Consumer Products [5] - Plans to mitigate tariff impacts include working with manufacturers and retail partners to absorb costs [17] - The company aims to explore product and channel expansions to increase sales and market share [17] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the economic headwinds affecting consumers and the company, but emphasized steps taken to position for long-term success [16] - The most pressing challenge is navigating the impact of tariffs, with a current expectation of a 30% tariff on goods ordered [17] - Management expressed optimism about future growth opportunities and the integration of acquisitions [16] Other Important Information - Cash flow from operations for 2025 was $9,800,000, an increase from $7,100,000 in the prior year [13] - The company paid $0.32 per share in cash dividends, marking the fifteenth consecutive year of dividend payments [14] Q&A Session Summary Question: Update on warehouse status - The company is still exploring options for the warehouse but has focused on tariffs recently [23] Question: Outcome of the New York Toy Show - The sales and product development team received positive feedback and wrote some orders at the Toy Fair [25] Question: Status of the Stella doll redesign - The new Love Stella line has been well-received, aided by marketing efforts including mentions by Meghan Markle [26] Question: Sales to LEGOLAND - Sales to LEGOLAND increased in fiscal 2025, with expectations to be the only plush supplier in the park soon [29] Question: Development of licensed diaper bags - The company is excited about potential licensed diaper bags but is facing challenges due to tariffs [30] Question: Update on tax credit for baby products - No recent updates on the potential tax credit for parents have been heard [31] Question: Impact of using distributors in Europe - The transition to distributors is expected to positively impact international sales [32] Question: Redesign of the Manhattan Toy website - The redesigned website has improved user experience and is driving more traffic [34]

由于全球锌矿产量增加较为确定，市场对于锌价走势的预期普遍偏空，叠加贸易争端一度激化拖累，今 年以来沪锌重心震荡下移。不过前期冶炼厂利润不足且二季度检修较多，国内精炼锌产量并未出现大幅 增加一幕，社会库存持续低位，现实表现不算弱势，可以看到期价几次触及21600一线附近后都有反 弹。然而进入6月份冶炼厂产量将有明显提升，沪锌会继续向下寻找支撑吗？ 贸易争端整体缓和 地缘风险扰动增加 4月美国超预期的对等关税落地，叠加其他国家纷纷反制，工业品一度重挫，不过美国对外关税政策显 然是雷声大雨点小，历经谈判过后对多国的关税税率都出现明显下调，市场情绪随之缓和。当前时间仍 处于美国关税缓冲期当中，目前市场仍在衡量关税对于美国经济的冲击，由于对关税政策可能推高通胀 的担忧存在，美联储6月议息会议传递偏鹰态度，后续仍需关注关税缓冲期过后特朗普政府的态度变化 和年内美联储降息节奏。 最近中东地缘政治局势一度紧张，一定程度推升市场避险情绪，原油系和贵金属都出现剧烈波动，对其 余金属的影响相对有限，但对锌市则带来两个方面的担忧。一方面，近几年伊朗锌矿对华都有出口， 2024年全年进口量在8万吨附近，占国内总进口的2%附近，冲突的加 ...

Around the World in 80 Datapoints Equities May 2025 Global : A temporary fade in momentum? Indicator -30 in May 2025 vs -7 in Mar 2025 -80% -60% -40% -20% 0% 20% 40% 60% 80% May-15 Nov-15 May-16 Nov-16 May-17 Nov-17 May-18 Nov-18 May-19 Nov-19 May-20 Nov-20 May-21 Nov-21 May-22 Nov-22 May-23 Nov-23 May-24 Nov-24 May-25 -80 -60 -40 -20 0 20 40 60 80 Leading Indicator (RHS) 3m rolling Lead Indicator (RHS) FTSE World Industrial yoy change (LHS) 12m Mov. Avg. (Leading Indicator (RHS)) Source: FTSE, HSBC, LSEG D ...

Vince Holding (VNCE) Q1 2026 Earnings Call June 17, 2025 08:30 AM ET Company Participants Akiko Okuma - Chief Administrative Officer & General CounselBrendan Hoffman - CEO & DirectorYuji Okumura - CFOMichael Kupinski - Director of Research, Managing Director, Head of Technology Research Operator Good morning or good afternoon all, and welcome to the Vince Q1 twenty twenty five Earnings Conference Call. My name is Adam, and I'll be your operator today. I will now hand the floor to Akiko Okuma to begin. So pl ...

随着特朗普的关税政策让企业陷入冻结式观望模式，历经2023和2024年两次虚惊的美国经济，这次可 能真的要面对考验。 6月7日，有"新美联储通讯社"之称的华尔街日报记者Nick Timiraos发表文章称， 尽管美国经济在2023 年和2024年成功避开了多次衰退警报，但目前正步入另一个令人不安的夏季。 虽然5月份美国新增13.9 万就业岗位，失业率在过去一年中一直保持在4%至4.2%的稳定区间，但经济表面之下已出现裂痕。 最令人担忧的是，企业纷纷警告，不断变化的贸易政策正干扰其未来规划能力，导致招聘和投资冻结。 这种政策不确定性发生在就业增长放缓、房地产市场降温的背景下。与去年相比，美联储也因担忧新的 通胀风险而更加不愿降息。 文章指出，劳动力市场脆弱平衡、消费者支出变化和金融市场冲击——这个三大因素可能会以令人猝不 及防的方式出现断裂。 正如洛杉矶Beacon Economics创始合伙人Christopher Thornberg所说："这一切的走向完全取决于特朗 普接下来会做什么，坦白说，就连特朗普自己也不知道他下一步会做什么。所以几乎不可能预测局势的 发展方向。" 华尔街见闻此前提及，安联首席经济顾问 ...

Core Viewpoint - PepsiCo presents a buying opportunity for long-term dividend-seeking investors despite a nearly 23% decline in share price over the past year [2] Group 1: Company Overview - PepsiCo is known for its popular beverage brands such as Gatorade, Mountain Dew, and Ocean Spray, as well as food products like cereal, granola bars, and snacks under brands like Life, Quaker, and Doritos [4] Group 2: Financial Performance - In the first quarter, PepsiCo's adjusted revenue grew only 1%, primarily due to higher prices contributing 3 percentage points, while volume decreased by 2 percentage points [5] - Management expects adjusted earnings per share for this year to be roughly flat compared to 2024, a revision from a previous mid-single-digit percentage increase forecast [6] Group 3: Dividend Information - PepsiCo's board raised the June quarter's dividend payout by 5%, marking 53 consecutive years of increases, establishing the company as a Dividend King [8] - The new annual dividend rate is $5.69 per share, providing a 4.3% yield, significantly higher than the S&P 500 index's 1.3% yield [8] Group 4: Valuation and Market Position - The stock's price-to-earnings (P/E) ratio has decreased to 19 from 26 a year ago, making it cheaper than the S&P 500's average P/E of 28 [11] - The current valuation presents an attractive opportunity for investors to collect dividends while awaiting a rebound in demand for PepsiCo's products [11]

Summary of The Carlyle Group (CG) FY Conference Call - May 28, 2025 Company Overview - **Company**: The Carlyle Group (CG) - **CEO**: Harvey Schwartz - **Date of Conference**: May 28, 2025 Key Takeaways from the Conference Call Strategic Growth Initiatives - Carlyle has focused on implementing strategic growth initiatives and operational improvements over the past two years [4][10] - Key areas identified for growth include: - Secondaries business (Carlyle Alp Invest) with a 25-year history and $90 billion in assets [5] - Capital markets, insurance, and credit platforms [5] - Capital markets revenue reached $150 million in a six-month period, surpassing any previous full-year revenue [6] - Potential peak operating environment could yield over $300 million in capital markets revenue [7] Operational Improvements - Fee-Related Earnings (FRE) increased by nearly 40% since the CEO's tenure began, with operating margins up 900 basis points [8] - A complete overhaul of the compensation strategy has aligned interests among LPs, shareholders, and teams [9] - Share repurchase program is over 50% complete [9] Market and Economic Outlook - Concerns about sticky inflation, higher interest rates, and slowing economic growth were acknowledged [11][12] - Current economic conditions are viewed as unique due to a global policy shift, influenced by tariff policies and geopolitical tensions [12][13] - The uncertainty in policy is causing a chilling effect on business decision-making, leading to delayed capital market activities [20][19] - Carlyle's data indicates that while there is uncertainty, EBITDA is growing, and companies are not drastically adjusting hiring [22] Trade Relations and Global Investments - Carlyle has a long-standing commitment to Asia, particularly Japan and China, with positive discussions regarding trade negotiations [31][36] - The firm has a history of successful investments in China and is optimistic about future opportunities [37][38] Realizations and Capital Deployment - Carlyle's platform currently manages $453 billion in assets, with a significant focus on credit insurance [42] - The firm returned approximately €20 billion in capital over the past year, significantly outperforming the industry average [46] - Carlyle's U.S. buyout business is performing well, with the current fund tracking exceptionally [49] Fundraising and Growth Outlook - Carlyle maintains its 2025 guidance of $40 billion in flows and 6% FRE growth, despite recent market volatility [70] - There is a shift in LP conversations towards national security and local investments, with a focus on defense and energy sectors [72][74] Secondaries Business - The secondaries business is growing rapidly, with Carlyle positioned as a dominant player in this space [57][64] - The firm is focusing on providing integrated solutions across various client channels [59][62] Insurance and Reinsurance Opportunities - Carlyle's Fortitude insurance business is seen as a valuable asset, with ongoing opportunities in reinsurance transactions [93][94] - The firm is open to inorganic growth opportunities in the insurance sector, provided they align with strategic goals [98][99] Capital Markets Strategy - Carlyle is restructuring its capital markets team to enhance revenue generation capabilities [102] - The firm aims to leverage its well-developed capital markets team for monetization opportunities [102][104] Additional Insights - Carlyle's competitive advantage lies in its global brand recognition and established track record in various markets [84] - The firm is actively exploring new product offerings and partnerships to meet evolving client needs [90][91] This summary encapsulates the key points discussed during the conference call, highlighting Carlyle's strategic initiatives, market outlook, and operational improvements.

16 May 2025 | 1:59PM EDT Global Economics Wrap-Up: May 16, 2025 Global Economics 5/16/25 1:30PM ET o We raised our Euro area growth forecast to 0.9% and 1.1% for 2025 and 2026 (vs 0.8% and 1% previously) in response to firmer growth abroad and easier financial conditions. Joseph Briggs +1(212)902-2163 | joseph.briggs@gs.com Goldman Sachs & Co. LLC Andrew Tilton +852-2978-1802 | andrew.tilton@gs.com Goldman Sachs (Asia) L.L.C. Katya Vashkinskaya +44(20)7774-4833 | katya.vashkinskaya@gs.com Goldman Sachs Inte ...

Financial Data and Key Metrics Changes - Sales for Q1 2025 decreased by 19% compared to Q1 2024, amounting to $7.47 million versus $9.22 million [18] - Q1 2025 profits resulted in a loss of $278,000 or $0.02 per share, compared to a gain of $457,000 or $0.04 per share in Q1 2024 [19] - Operating cash flow for Q1 2025 was $480,000 or $0.04 per share, down from $1.38 million or $0.11 per share in 2024 [20] Business Line Data and Key Metrics Changes - The NanoChem division (NCS) accounts for approximately 70% of total revenue, focusing on biodegradable polymers and nitrogen conservation products [4] - The E and P division, which targets greenhouse turf and golf markets, is expected to see growth in the second half of 2025 [11] - The food division's sales are projected to grow in 2025, contingent on the production timeline of a new food-grade product [13] Market Data and Key Metrics Changes - Agricultural products in the US are under pressure, with crop prices not increasing at the rate of inflation, leading to uncertainty due to tariff changes [12] - Current tariffs on imports of raw materials from China range between 30% to 58.5%, impacting cost structures [13] Company Strategy and Development Direction - The company is developing a duplicate agriculture and polymer factory in Panama to reduce exposure to US tariffs and improve shipping efficiency [14][15] - The strategy includes moving most agriculture and polymer production to Panama, allowing the Illinois plant to focus on food-grade production [16] - The company aims to achieve significant revenue from the new food-grade contract, with a target of $30 million per year in the next four to six quarters [9] Management's Comments on Operating Environment and Future Outlook - Management expects Q2 2025 results to improve compared to Q1 2025, with anticipated resolution of inventory reductions by large customers [19][35] - The company is cautious about the impact of rising costs and low crop prices on sales, particularly due to political actions and tariffs [12] - Management believes that lower oil prices could positively affect raw material and shipping costs, potentially increasing margins [49] Other Important Information - The company has sufficient cash flow and working capital to execute its plans without the need for debt or equity financing [21][22] - Long-term debt is being paid down, with significant cash flow expected to be freed up in the coming years [21] Q&A Session Summary Question: Financial responsibility for clean room construction - The company is solely responsible for the clean room capital expenditures, while the client contributes to equipment costs [24] Question: Expectations on margins for new food business - Margins are expected to be stable and tied to inflation, with a set pricing equation agreed upon with the client [25][26] Question: Impact of high tariff products on margins - The company did not purchase high tariff raw materials, mitigating potential margin hits [29] Question: Expectations for sustained operating expenses post-expansion - Continuous cost increases are anticipated, particularly for accounting and software upgrades due to new complex products [31] Question: Future dividend policy - A regular dividend is possible but would be small to ensure sustainability during uncertain events [33] Question: Anticipated improvements in Q2 results - Management expects Q2 results to be better than Q1 [35] Question: Risks associated with new contract execution - Risks include equipment and clean room timing, but management is confident in execution capabilities [36] Question: Rationale for shifting manufacturing to Panama - The decision was influenced by previous tariff impacts and the need for a competitive international production site [39][40] Question: Potential food deals in the pipeline - The company has potential deals but cannot disclose details due to contractual constraints [47] Question: Relationship between oil prices and business - Lower oil prices could lead to reduced raw material and shipping costs, potentially benefiting margins [49]