Stonegate Capital Partners Updates Coverage on Civeo Corporation (CVEO) 2025 Q1May 01, 2025 9:25 AM EDT | Source: Reportable, Inc. Dallas, Texas--(Newsfile Corp. - May 1, 2025) - Civeo Corporation (NYSE: CVEO): Stonegate Capital Partners updates their coverage on Civeo Corporation. Civeo reported negative free cash flow of ($13.5M) in 1Q25, down from $7.2M in the prior-year period, primarily due to negative operating cash flow of ($8.4M) and $5.3M in capital expenditures. Despite near-term hea ...

Cimpress plc (CMPR) Q3 2025 Earnings Call May 01, 2025 08:00 AM ET Company Participants Meredith Burns - VP - Investor Relations & SustainabilityRobert Keane - Chairman & CEOSean Quinn - EVP & CFO Operator Ladies and gentlemen, thank you for standing by. Welcome to the CIMPRESS Third Quarter Fiscal Year twenty twenty five Earnings Call. Now I will introduce Meredith Barnes, Vice President of Investor Relations and Sustainability. Please go ahead. Meredith Burns Thank you, Carmen, and thank you, everyone, fo ...

Sixth Street Specialty Lending (TSLX) Q1 2025 Earnings Call May 01, 2025 08:30 AM ET Speaker0 Good day, and thank you for standing by. Welcome to the Sixth Street Specialty Lending, Inc. First Quarter twenty twenty five Earnings Conference Call. At this time, all participants are in listen only mode. After the speakers' presentation, there will be a question and answer session. To ask a question during the session, you will need to press 11 on your telephone. You will then hear automated message if your han ...

Dave Ricks, Chair and Chief Executive Officer Q1 2025 Financial Results Lucas Montarce, Chief Financial Officer R&D Update Dan Skovronsky, M.D., Ph.D., Chief Scientific Officer Q1 2025 EARNINGS CALL ELI LILLY AND COMPANY Agenda Introduction and Key Events Closing Remarks Dave Ricks, Chair and Chief Executive Officer Question & Answer Session 3 2025 Q1 EARNINGS Safe Harbor Provision and Other Information This presentation contains forward-looking statements that are based on management's current expectations ...

Financial Data and Key Metrics Changes - The company reported strong first quarter results, with site rental revenues showing 5.1% organic growth, excluding the impact of Sprint cancellations [16] - The full year 2025 outlook includes 4.5% organic growth, adjusted EBITDA of approximately $2,800 million, and AFFO of approximately $1,800 million [19][20] - The company generated $53 million of free cash flow from discontinued operations in the first quarter, or $75 million excluding a $22 million increase in net working capital [19] Business Line Data and Key Metrics Changes - The tower business has experienced more than 5% average annual organic growth from 2020 to 2024, driven by substantial mobile data demand [6][7] - Site rental revenues included a $3 million contribution from other billings, primarily related to intercompany backed billings, which is not expected to recur [17] Market Data and Key Metrics Changes - The U.S. market has seen consistent demand growth across market cycles, with cash site rental revenues growing consistently despite economic fluctuations [7][8] - Customers have invested over $35 billion annually in their networks to maintain capacity and quality, indicating strong market dynamics [6] Company Strategy and Development Direction - The company is focused on becoming a pure play U.S. tower company, which is expected to unlock substantial value in its tower business [5] - The capital allocation framework aims to balance predictable returns to shareholders with financial flexibility, including a planned share repurchase program of approximately $3 billion [10][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the full year 2025 outlook, citing strong first quarter results and ongoing progress in separating the fiber solutions and small cell businesses [12][20] - The company believes that the continued growth in data demand will drive durable growth in its business [6] Other Important Information - The board intends to reduce the annualized dividend per share to $4.25 beginning in the second quarter of 2025 [11] - The company plans to manage its debt balance to maintain an investment grade credit rating, expecting to use approximately $6 billion of cash proceeds from the sale to repay debt [12] Q&A Session Summary Question: Can you shed light on the executive changes and the strategy going forward? - Management indicated that the focus is on separating the fiber and small cell businesses and that M&A activity is unlikely in the short term due to the ongoing sale process [24][27] Question: What is the current status of the fiber business sale? - The transaction is expected to close in the first half of 2026, pending regulatory approvals, which are time-consuming but not anticipated to be difficult [38][40] Question: How is the new leasing activity expected to trend in 2025? - Management expects leasing activity to remain consistent throughout 2025, with a target of 4.5% organic growth [43][101] Question: What are the expectations regarding churn from the Sprint merger? - Management noted that while there is expected churn from the Sprint merger, overall churn is anticipated to remain in the normal range of 1% to 2% [52] Question: Can you provide insights on the services side of the business? - Demand for services is good, but the company has exited the construction services business, which may impact activity levels [64] Question: What are the expectations for cost management and AFFO growth? - Management is focused on cost control and expects to narrow the AFFO growth range as performance becomes clearer [87]

Cimpress plc (CMPR) Q3 2025 Earnings Call April 30, 2025 04:05 PM ET Speaker0 Ladies and gentlemen, thank you for standing by. Welcome to the Sympress Third Quarter Fiscal Year twenty twenty five Earnings Call. Now, I will introduce Meredith Barnes, Vice President of Investor Relations and Sustainability. Please go ahead. Thank you, Carmen, and thank Speaker1 you everyone for joining us. With us today are Robert Keane, our Founder, Chairman and Chief Executive Officer and Sean Quinn, our EVP and Chief Finan ...

Core Viewpoint - Sun Communities, Inc. has completed the initial closing of the sale of its interests in Safe Harbor Marinas to Blackstone Infrastructure, marking a strategic shift towards focusing on its core manufactured housing (MH) and recreational vehicle (RV) portfolio [1][2]. Financial Impact - The pre-tax cash proceeds from the transaction are approximately $5.25 billion, with certain properties valued at around $250 million excluded from the initial closing, pending third-party consents [3]. - The company plans to repay approximately $3.3 billion of debt using the net proceeds, which includes $1.6 billion from its senior credit facility and $740 million of secured mortgage debt [6]. - The expected annualized interest expense savings from the initial debt paydowns is approximately $160 million, reducing the weighted average interest rate on outstanding indebtedness to about 3.5% [7]. Strategic Focus - The company aims to reposition itself as a pure-play MH and RV focused entity, enhancing its leverage profile and financial flexibility to support disciplined growth [2][4]. - Approximately $1.0 billion has been allocated into 1031 exchange escrow accounts for potential future MH and RV acquisitions on a tax-efficient basis [8]. Capital Return Strategy - A one-time special cash distribution of $4.00 per share, totaling around $520 million, has been authorized by the Board of Directors, payable on May 22, 2025 [9]. - The company intends to increase its quarterly distribution by approximately 10.6% to $1.04 per common share, starting with the second quarter distribution anticipated in July 2025 [9][10]. - A stock repurchase program of up to $1.0 billion has been authorized, allowing management discretion in executing repurchases [11]. Upcoming Events - The company is scheduled to report its first quarter earnings for 2025 on May 5, 2025, and will provide updated guidance reflecting the financial impact of the initial closing [13].

Empire State Realty Trust (ESRT) Q1 2025 Earnings Call April 30, 2025 12:00 PM ET Company Participants Heather Houston - Senior Vice President, Chief Counsel, Corporate and SecretaryAnthony Malkin - Chairman & CEOThomas Durels - Executive Vice President of Real EstateChristina Chiu - PresidentSteve Horn - EVP , CFO and Chief Accounting OfficerSteve Sakwa - Senior Managing DirectorRegan Sweeney - Equity Research - Senior Associate Conference Call Participants Blaine Heck - Executive Director & Senior Equity ...

Kite Realty Group Trust (KRG) Q1 2025 Earnings Call April 30, 2025 01:00 PM ET Company Participants Bryan McCarthy - Senior Vice President of Corporate Marketing & CommunicationsJohn Kite - Chairman and Chief Executive OfficerHeath Fear - Executive VP & CFOThomas McGowan - President & COOFloris van Dijkum - Managing DirectorRJ Milligan - Managing DirectorDaniel Purpura - Senior Associate - Equity ResearchHongliang Zhang - Vice PresidentDori Kesten - Director Conference Call Participants Todd Thomas - Managi ...

SunCoke Energy (SXC) Q1 2025 Earnings Call April 30, 2025 11:00 AM ET Company Participants Shantanu Agrawal - VP of Finance & TreasurerKatherine Gates - President & CEOMark Marinko - SVP & CFO Conference Call Participants Nick Giles - Senior Research AnalystNathan Martin - Equity Research Analyst Operator Good day, and welcome to the SunCoke Energy Q1 twenty twenty five Earnings Conference Call. All participants will be in listen only mode. After today's presentation, there will be an opportunity to ask que ...