Financial Data and Key Metrics Changes - Revenues for the quarter were nearly $1 billion, while EBITDAR was $338 million, maintaining property level margins of 40%, consistent with the prior year [5][19] - The company reported a 28% increase in weather-impacted days compared to last year, yet managed to grow revenues and EBITDAR in the Midwest and South segment [10][19] - The online segment grew EBITDAR by nearly 14% year over year, driven by stable performance from market access agreements and strong growth from Boyd Interactive [11] Business Line Data and Key Metrics Changes - In the Las Vegas Locals segment, revenues were nearly even with the prior year, while EBITDAR was down less than 4%, primarily due to competitive pressures at the Orleans [8] - Downtown Las Vegas achieved both revenue and EBITDAR growth during the first quarter, with solid visitation from Hawaii and healthy pedestrian traffic along Fremont Street [9] - The managed and other business saw strong growth driven by management fees from Sky River Casino, with ongoing expansion activities set to enhance future growth [12] Market Data and Key Metrics Changes - Customer trends remained consistent through April, with no meaningful shifts in consumer behavior or spending patterns observed thus far in the second quarter [6][20] - The company noted that Hawaiian visitation to the downtown segment was temporarily impacted last year by higher airfares related to the Super Bowl, creating a favorable comparison for the first quarter of this year [9] Company Strategy and Development Direction - The company is focused on enhancing competitiveness through property renovations and expansions, including a $750 million resort project in Norfolk, Virginia, scheduled for completion in late 2027 [17][18] - Capital investment programs are aimed at creating long-term shareholder value, with a commitment to return capital through stock repurchases and dividends [19][26] - The company remains cautious about M&A opportunities, emphasizing a disciplined approach to acquisitions that align with strategic goals [55][56] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term prospects of the company, citing a strong balance sheet and diversified business as key strengths in navigating economic uncertainty [7][20] - The company acknowledged the potential for increased costs due to tariffs but indicated that current budgets would not be significantly impacted [49][52] Other Important Information - The company repurchased $328 million in stock during the first quarter and paid $15 million in dividends, with plans to continue repurchasing $100 million in shares per quarter [19][26] - The company is actively managing operating expenses and exploring efficiencies to mitigate inflationary pressures [96] Q&A Session Summary Question: Plans for Paradise Riverboat Casino - The company has a list of development projects prioritized based on expected returns, with plans to upgrade older riverboats over time [33][34] Question: Outlook for Core and Retail Customers - Management sees core customer trends continuing to grow, with retail customers performing consistently, despite some noise from external factors [38][39] Question: Buyback Strategy and Timing - The company balanced its buyback strategy with maintaining a strong balance sheet, taking advantage of favorable stock prices in Q1 while remaining cautious moving forward [44][46] Question: Impact of Tariffs on Capital Projects - The company evaluated capital projects for potential deferral and identified sources to mitigate tariff impacts, ensuring budgets remain intact [49][50] Question: Competitive Landscape in Locals Market - The locals market has seen slight shrinkage, but the company has outperformed the overall market, particularly excluding the Orleans property [78][80] Question: Hawaiian Travel and Weather Impact - The company estimated a $5 million impact from weather on EBITDA for the quarter, with Hawaiian travel normalized compared to last year [74][71] Question: Non-Gaming Amenities Spending - Spending on food and beverage and hotel services is up on a cash basis, with no significant declines noted in non-gaming amenities [66] Question: Canadian Travel Impact - Canadian visitation is a minor segment for the company, accounting for less than 0.1% of business, thus not significantly impacting overall performance [103] Question: Future of iGaming Platform - The company aims to grow its Stardust iGaming platform modestly, focusing on markets where it operates, without significant acquisitions planned [90][91]

First Merchants (FRME) Q1 2025 Earnings Call April 24, 2025 11:30 AM ET Company Participants Mark Hardwick - CEOMichael Stewart - PresidentMichele Kawiecki - Executive Vice President & Chief Financial OfficerJohn Martin - Executive VP & Chief Credit OfficerDaniel Tamayo - Vice PresidentDamon Delmonte - Managing DirectorBrian Martin - Director - Banks & Thrifts Conference Call Participants Terry Mcevoy - MD & Research AnalystNathan Race - Managing Director & Senior Research Analyst Operator Thank you for sta ...

Financial Data and Key Metrics Changes - The company reported a revenue growth that enabled the repayment of $190 million in debt, indicating strong financial performance [7] - The processing capacity increased significantly to $720 million, compared to the previous capacity of $60 million at the Black River plant, enhancing flow assurance [8] Business Line Data and Key Metrics Changes - The company experienced a slight production slowdown due to maintenance and force majeure events, resulting in a 1% to 2% decrease in production, but anticipates a 17% increase by year-end [11] - The company successfully turned on 40 wells in the second quarter, which is expected to lead to record production levels [30] Market Data and Key Metrics Changes - The company is actively exploring options for its midstream segment, including potential IPOs, as it sees growth opportunities in third-party gas inquiries [18] - The company has hedged oil prices to protect against market volatility, indicating a proactive approach to market conditions [36] Company Strategy and Development Direction - The company emphasizes a strategy of profitable growth at a measured pace, focusing on flexibility and optionality in its operations [22] - The management team has shown alignment with shareholders by authorizing share repurchases and actively buying shares themselves [9][40] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating challenging times, highlighting past experiences of emerging stronger from difficulties [6] - The company is optimistic about the second quarter being a record quarter and anticipates strong performance in the third quarter as well [58] Other Important Information - The company has a significant inventory of 10 to 15 years of drilling locations, ensuring a steady pipeline for future growth [24] - The management team has consistently generated profits, with no losing quarters since going public, showcasing operational excellence [25] Q&A Session Summary Question: Discussion on midstream segment and potential IPO - The company is exploring various options for its midstream segment, including the possibility of an IPO, while focusing on growth opportunities [18] Question: Long-term outlook and production levels - Management confirmed intentions to grow production, with a projected 17% increase by year-end, emphasizing a measured approach to growth [21] Question: Criteria for share buyback and prioritization - The company is evaluating multiple options for cash flow utilization, including share buybacks, debt repayment, and potential acquisitions, to maximize shareholder value [51] Question: Activity reductions and production expectations - The company is optimizing its operations by adjusting the timing of wells and expects Q3 production to be lower than Q2, with Q4 projected to be slightly higher [45]

Alphabet (GOOG 2.63%) (GOOGL 2.75%) looks like a strong bargain right now, if you have the patience to hold it. There are many reasons to be scared right now if you're an Alphabet shareholder, which is why the stock is so cheap. But if you can maintain a long-term outlook (three to five years), you can realize that Alphabet's stock is significantly undervalued right now and could be a fantastic value pick that makes a strong profit over that time frame. Alphabet has a lot of negative headlines working again ...

Financial Data and Key Metrics Changes - Trustmark reported net income of $53.6 million, representing fully diluted EPS of $0.88 per share, with a return on average assets of 1.19% and a return on average tangible equity of 13.13% [7][9] - Loans held for investment increased by $151 million or 1.2% linked quarter, with a stable deposit base and a cost of total deposits rising by 15 basis points to 1.83% [6][10] - Non-interest income totaled approximately $43 million, up 4% linked quarter, while non-interest expense declined by $419,000 linked quarter [7][8] Business Line Data and Key Metrics Changes - The growth in loans was diversified, reflecting increases in commercial real estate (CRE), other commercial loans, and one to four family mortgage loans [6][10] - Non-interest expense management efforts were highlighted, with declines in salaries, employee benefits, and service fees contributing to the overall reduction [8][41] Market Data and Key Metrics Changes - The company anticipates low single-digit growth in loans held for investments and deposits for the full year 2025, while securities balances are expected to remain stable [10][11] - The net interest margin is projected to be in the range of 3.75% to 3.85% for the full year, with net interest income expected to increase mid to high single digits [11] Company Strategy and Development Direction - Trustmark is focused on organic loan growth, potential market expansion, and M&A opportunities depending on market conditions [11][45] - The company is monitoring the impact of tariffs and administrative policies on its customer base, indicating a cautious but optimistic outlook for growth [10][11] Management's Comments on Operating Environment and Future Outlook - Management noted stable credit quality with net charge-offs totaling $1.4 million, representing four basis points of average loans [8] - The company is experiencing a solid pipeline across various business units, although some uncertainty in the market may lead to a slowdown in new origination volume [25][26] Other Important Information - The tangible book value per share increased to $27.78, up 4.1% during the quarter and 26.1% year over year [10] - The Board declared a quarterly cash dividend of $0.24 per share payable on June 15 to shareholders of record on June 1 [10] Q&A Session Summary Question: Loan growth trends and client behavior regarding tariffs - Management discussed expectations for meaningful maturing CRE loans in 2025 and noted that many clients are considering extension options due to uncertainty in interest rates [19][20] Question: Impact of net interest margin and potential rate cuts - Management explained that a linked quarter decline in net interest margin was primarily due to seasonal declines in loan fees, and they expect low single-digit increases moving forward [27][30] Question: Credit quality and reserve build - Management confirmed that the increase in the allowance for credit losses was expected, driven by loan growth and qualitative adjustments [38][39] Question: Expense management and future investments - Management highlighted a focus on controlling expenses, with plans for a core system conversion in 2026 and a disciplined approach to managing costs [41][42] Question: Share repurchase program and capital deployment - Management indicated that the pace of share repurchases will be dictated by market conditions and loan growth, with a focus on strategic growth initiatives in key markets [44][45]

Core Viewpoint - Broadcom Inc. has announced a new share repurchase program authorized by its Board of Directors to repurchase up to $10 billion of its common stock through December 31, 2025, reflecting confidence in the company's strong cash flow and diversified product franchises [1][2][3]. Group 1: Share Repurchase Program - The new share repurchase program is set to repurchase up to $10 billion of common stock, indicating the Board's confidence in Broadcom's financial strength and product diversification [1][2]. - The program allows for repurchases through various methods, including open market or privately negotiated purchases, with the timing and amount depending on stock price and market conditions [4]. - Broadcom is not obligated to repurchase any specific amount of shares, and the program may be suspended or terminated at any time [4]. Group 2: Company Overview - Broadcom Inc. is a global technology leader that designs, develops, and supplies a wide range of semiconductor and infrastructure software solutions, serving critical markets such as cloud, data center, and enterprise software [5]. - The company's product portfolio includes solutions for service provider and enterprise networking, mobile device connectivity, cybersecurity, and private and hybrid cloud infrastructure [5].

A great company with temporary uncertainty When President Trump recently announced 25% tariffs on cars that aren't made in America, General Motors (GM 0.80%) was one of the hardest-hit auto stocks, and for good reason: About 30% of the vehicles GM sells in the United States are built in either Canada or Mexico, and another 18% are built in other foreign countries. This could certainly weigh on GM's business in the short term, but from a long-term perspective, GM is an extremely cheap stock with a lot to lik ...

Market Performance - Major indexes showed mixed results on the last trading day of Q1, with the Dow up +1.00% (+417 points), while the Nasdaq dipped -0.14% (-23 points) [1] - The Dow has performed best year-to-date, with companies like Chevron (CVX) gaining +15% since the start of the year [2] Company Earnings - PVH, the parent company of Calvin Klein and Tommy Hilfiger, reported Q4 earnings of $3.27 per share, exceeding estimates by 8 cents, with revenues of $2.37 billion, above the Zacks consensus of $2.34 billion [3] - PVH's next-quarter earnings guidance is slightly below current estimates, but revenues are expected to perform better; the company announced a $500 million share repurchase program, leading to an +11% increase in shares during late trading [4] Upcoming Economic Indicators - The Job Openings and Labor Turnover Survey (JOLTS) report for February is expected to show 7.7 million openings, consistent with the previous month [5] - Construction Spending for February is anticipated to rebound to +0.3% from a prior -0.2% [6] - ISM Manufacturing for March is expected to drop below the 50 threshold to 49.5%, indicating a potential deceleration in growth [7]

Lululemon Athletica Today LULU Lululemon Athletica $293.06 -48.47 (-14.19%) 52-Week Range $226.01 ▼ $423.32 P/E Ratio 21.16 Price Target $380.72 Add to Watchlist Lululemon NASDAQ: LULU shares dropped precipitously following its 2025 guidance because it was weak. However, the guidance calls for growth and weakness, not because of some operational shortcoming but rather the economy at large and general headwind for retailers. Lululemon has no control over the macroeconomic situation, only its operations, whic ...

Core Viewpoint - Qifu Technology, Inc. is proposing a convertible senior notes offering of US$600 million due 2030, aimed at qualified institutional buyers, with an additional option of US$90 million for initial purchasers [1] Group 1: Notes Offering Details - The proposed offering consists of convertible senior notes with a total principal amount of US$600 million, maturing on April 1, 2030 [1][3] - The notes will be general unsecured obligations of the company, with holders having the option to require repurchase on April 3, 2028, at 100% of the principal amount plus accrued interest [3] - The notes will be convertible under certain conditions, with cash-par settlement upon conversion, allowing the company to pay cash or a combination of cash and American depositary shares (ADSs) [4][5] Group 2: Use of Proceeds - The net proceeds from the notes offering will be used for repurchasing ADSs and/or class A ordinary shares under a newly established share repurchase plan, which is expected to be accretive to earnings per ADS upon closing [2][11] - The March 2025 Share Repurchase Plan allows for concurrent repurchases at the time of pricing the notes and additional repurchases over time [7][10] Group 3: Repurchase Plan Mechanics - The concurrent repurchase will involve buying back ADSs from certain purchasers of the notes in off-market transactions, facilitating initial hedges for those investors [8][9] - Future repurchases may occur on the open market or through other means, adhering to applicable regulations [10] Group 4: Company Overview - Qifu Technology is a leading AI-empowered Credit-Tech platform in China, providing technology services to assist financial institutions and consumers throughout the loan lifecycle [16]