Financial Data and Key Metrics Changes - Revenue for Q1 2025 was $61 million, a decrease of 21.4% year-over-year, primarily due to lower demand in the medium and heavy-duty truck vertical and powersports [11][12] - Gross margin expanded to 19.2%, up 220 basis points year-over-year and 340 basis points sequentially, driven by a favorable product mix and operational efficiencies [11][12] - Adjusted EBITDA margin was 11.7%, an improvement from 11.2% in the previous year [15] - Net income for Q1 was $2.2 million, or diluted EPS of $0.25, compared to $3.8 million or diluted EPS of $0.43 in the same period last year [14] Business Line Data and Key Metrics Changes - The company secured over $15 million in annual new business, including $10 million in the building products sector and $5 million in the electric vehicle battery sector [8][10] - The building products sector is expected to generate approximately $5 million in revenue in 2025, with demand beginning in Q2 [8] - The electric vehicle battery program represents the second engagement with a customer, showcasing the effectiveness of customer-focused strategies [10] Market Data and Key Metrics Changes - Sales were down primarily due to lower demand in the medium and heavy-duty truck market, offset somewhat by growth in building products [11][12] - The company expects revenues for the first half of 2025 to decline between 10-15%, a revision from previous guidance of a 5-10% decline [18] Company Strategy and Development Direction - The company's strategy for 2025 focuses on investing for growth, particularly in proprietary sheet molding compound (SMC) capabilities [8][10] - The company aims to leverage its production capacity to generate annual revenues of at least $450 million [16] - The capital allocation strategy emphasizes organic and inorganic growth through acquisitions, managing debt, and share repurchases [17] Management's Comments on Operating Environment and Future Outlook - Management acknowledged macroeconomic uncertainties affecting global manufacturing but expressed confidence in the company's ability to execute and capitalize on opportunities [7][22] - The company is monitoring global trade dynamics and potential regulatory changes, particularly regarding the EPA's 2027 rule [21][22] - Despite uncertainties, management believes gross margins can be maintained in the 17% to 19% range for the full year [22] Other Important Information - The company repurchased approximately 63,000 shares at an average price of $14.5 during the first quarter [17] - As of March 31, 2025, the company had a strong liquidity position of $94.5 million, including $44.5 million in cash [15][16] Q&A Session Summary Question: Insights on new business growth and SMC capacity - Management expressed excitement about SMC, highlighting its potential in the construction industry and the shorter quote-to-cash cycle [28][29] Question: Advantages of US and Mexico footprint - Management confirmed that having production capacity in both the US and Mexico positions the company well to capitalize on opportunities as manufacturing returns domestically [34][35] Question: Updates on new markets like medical and turf protection - Management reported ongoing success in turf protection and medical markets, with products already in production and further opportunities being explored [36][37] Question: Details on large press upgrades - Management is evaluating upgrades to older presses to enhance speed and efficiency through modern technology [39][40] Question: Thoughts on acquisition valuations - Management noted that acquisition multiples are currently between six and seven, indicating a competitive landscape for potential acquisitions [47]

Spectrum Brands (SPB) Q2 2025 Earnings Call May 08, 2025 09:00 AM ET Company Participants Joanne Chomiak - Director of Investor RelationsDavid Maura - Executive Chairman & CEOJeremy Smeltser - Executive VP & CFOPeter Lukas - DirectorOlivia Tong - Managing Director Conference Call Participants Peter Grom - Equity Research Analyst Operator Good day, and thank you for standing by. Welcome to the Q2 twenty twenty five Spectrum Brands Holding Earnings Conference Call. At this time, all participants are in a list ...

Tile Shop (TTSH) Q1 2025 Earnings Call May 08, 2025 09:00 AM ET Company Participants Ken Cooper - Investor RelationsCabby Lolmaugh - CEO & PresidentMark Davis - SVP & CFO Operator Good morning, and welcome to the Quarter One twenty twenty five Tile Shop Holdings Incorporated Earnings Conference Call. This is Franz, and I'll be the operator assisting you today. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question and answer session. If you ...

Spectrum Brands (SPB) Q2 2025 Earnings Call May 08, 2025 09:00 AM ET Speaker0 Good day, and thank you for standing by. Welcome to the Q2 twenty twenty five Spectrum Brands Holding Earnings Conference Call. At this time, all participants are in a 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 an automated message advising that your hand is raised. To withdraw ...

Civitas Resources (CIVI) Q1 2025 Earnings Call May 08, 2025 08:30 AM ET Company Participants Brad Whitmarsh - Vice President, Investor RelationsChris Doyle - CEOGabe Daoud - Managing Director, Energy Equity ResearchZach Parham - Executive DirectorScott Hanold - Managing Director - Energy ResearchOliver Huang - DirectorMarianella Foschi - Chief Financial Officer & TreasurerLeo Mariani - MD & Equity Research Operator Good day, and thank you for standing by. Welcome to the Civitas Resources First Quarter twent ...

Inspired Entertainment (INSE) Q1 2025 Earnings Call May 08, 2025 08:30 AM ET Company Participants Lorne Weil - Executive ChairmanBrooks Pierce - President & CEOBarry Jonas - Managing Director Conference Call Participants Ryan Sigdahl - Partner & Senior Research AnalystJordan Bender - Senior Equity Research AnalystChad Beynon - Managing Director, AnalystJosh Nichols - Senior Research Analyst Operator Good morning, everyone, and welcome to the Inspired Entertainment First Quarter twenty twenty five Conference ...

Civitas Resources (CIVI) Q1 2025 Earnings Call May 08, 2025 08:30 AM ET Speaker0 Good day, and thank you for standing by. Welcome to the Civitas Resources First Quarter twenty twenty five Earnings Conference Call and Webcast. My name is Rochelle, and I will be your operator for today's call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question and answer session. Please be advised that today's conference call is being recorded. I will now ...

Financial Performance - Liberty Latin America Q1 2025 revenue was $407 million, with rebased growth of 2% [57] - Adjusted OIBDA for Q1 2025 was $17 million higher than Q1 2024, with rebased growth of 8% [57] - Adjusted OIBDA less P&E additions grew by 20% year-over-year [8] - Adjusted FCF improved by $46 million excluding distributions to partners [57] Segment Highlights - C&W Caribbean experienced over 35% fixed-mobile convergence (FMC) penetration [8] - C&W Panama achieved a record Q1 rebased revenue growth of 18% [20, 22] - Liberty Networks saw a 7% rebased revenue growth in wholesale (excluding IRUs) and 4% in enterprise [28] - Liberty Costa Rica's Q1 rebased revenue growth was 2% [38] - Liberty Puerto Rico's Q1 rebased revenue declined by 11% [49] Subscriber Growth - Liberty Latin America added 44,000 internet and postpaid subscribers [8] - C&W Panama experienced significant mobile postpaid additions due to a competitor's exit [21] Debt and Liquidity - Liberty Latin America has $8.2 billion in total debt [73] - Approximately 50% of the debt is due in 2031 or beyond [72, 73] - The company maintains a robust liquidity position with $0.6 billion in cash and $0.8 billion in RCF availability [73]

Q1 2025 EARNINGS CONFERENCE CALL Conference Call Dial-in numbers: (800) 343-5172 (domestic) (203) 518-9856 (international) Conference code: CWQ125 May 8, 2025 1 Investor Day 2024 SAFE HARBOR STATEMENT Please note that the information provided in this presentation is accurate as of the date of the original presentation. The presentation will remain posted on this website from one to twelve months following the initial presentation, but content will not be updated to reflect new information that may become av ...

Company Overview - Berry is a Western U S independent upstream energy company focused on onshore, low geologic risk, low decline, long-lived conventional reserves[9, 10] - The company's enterprise value is $601 million[11] - First quarter of 2025 production averaged 247 thousand barrels of oil equivalent per day (MBoe/d), with 93% being oil[11] - The company's proved PV-10 is $23 billion[11] - Last twelve months (LTM) adjusted EBITDA was $292 million[11] - LTM free cash flow was $115 million, or $148 per share[11] - The company's reinvestment rate is 50%[11] - As of March 31, 2025, the leverage ratio was 137x[11] California Assets - California assets include approximately 20000 net acres and approximately 2500 gross producing wells[26] - California production averaged 210 MBoe/d in 2024[26] - Proved PV-10 for California assets is $21 billion[26] - The annual decline rate for California assets is 11%-14%[26]