Company Overview and Strategy - Lifecore is a fully integrated CDMO specializing in sterile injectable pharmaceuticals[9], aiming for a revenue CAGR of 12%+ and Adjusted EBITDA margins of 25%+ in the mid-term[7, 89] - The company projects revenues of $74 million - $76 million and Adjusted EBITDA of $12 million - $14 million for the 7-month transition period (May 26 – Dec 31, 2025)[10] - Lifecore has expanded capacity and revenue potential of approximately $300 million annually[7, 89] Market and Growth Drivers - The global injectable CDMO market is a $10 billion market with a +10% CAGR[24] - The global CDMO market is a $120 billion market with a +8% CAGR[24] - The Hyaluronic Acid market is a $9.8 billion market with a +7% CAGR[24] Financial Performance and Outlook - Fiscal Year 2025 revenues reached $128.9 million, a +0.5% increase compared to FY24[82] - Fiscal Year 2025 Adjusted EBITDA was $19.5 million, a -$0.7 million decrease compared to FY24[82] - The company is targeting a mid-term Adjusted EBITDA margin of 25%+[75] Pipeline and New Business - The total pipeline represents $150 million - $200 million in incremental commercial revenue potential[41] - The company has a strong and diverse pipeline with 11 active late-stage projects and 19 early-mid stage projects[42] - The company is expanding its target markets beyond high-viscosity legacy, including mAbs, complex generics, biologics, and GLP-1[55]

In $Millions 1 Disclosures 2 > Any statement concerning Management's expectation with respect to future results is a forward-looking statement based upon the best information currently available to Management and assumptions Management believes are reasonable, but Management does not intend the statement to be a representation as to future results. > Future results are subject to risks and uncertainties, including the risk factors described in the Company's filings with the Securities and Exchange Commissio ...

Q2 2025 Earnings August 2025 仍 onestream Disclaimer Forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other factors. Some of these risks are clescribed in greater detail in ou the Securities and Exchange Commission, including our most recently filed Quarterly Report on Form 10-4. or Annual Recort on Form 10-K. ht is not possible for our managemen all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combin ...

Financial Performance - The Interactive segment achieved record quarterly gaming revenue, leading to strong year-over-year improvements in Adjusted Revenue and Adjusted EBITDA[7, 32] - Q2 2025 Adjusted Revenue for the Interactive segment was $178 million, a $28 million increase year-over-year[33] - Q2 2025 Adjusted EBITDA for the Interactive segment improved by $41 million year-over-year[33] - For the first half of 2025, Adjusted Revenue for the Interactive segment was $340 million, a $99 million increase year-over-year[33] - For the first half of 2025, Adjusted EBITDA for the Interactive segment improved by $148 million year-over-year[33] - The company repurchased $115 million of shares year-to-date and aims to repurchase at least $350 million of shares this year[7] Retail Business - The total retail portfolio experienced a 1% revenue growth year-over-year in Q2[9] - Excluding new supply markets, the retail portfolio saw a 4% revenue growth year-over-year in Q2[9] Interactive Segment - Standalone iCasino incrementality is at 73%[39] - Q2 North America iCasino saw a 29% NGR growth year-over-year[39] - Q2 North America iCasino saw a 49% MAU growth year-over-year[39]

Q2 2025 Investor Presentation Forward Looking Statement This presentation includes estimates, projections, and statements relating to our business plans, commitments, objectives, and expected operating results that are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include, but are not limited to, statements rega ...

Financial Data and Key Metrics Changes - The company recorded a net income of approximately $6 million or $0.11 per diluted share for Q2 2025, a significant decrease from $71 million or $1.35 per diluted share in the same quarter of 2024, primarily due to a 30% drop in average net selling prices [23][24] - Adjusted EBITDA for Q2 2025 was $54 million, down from $116 million in the same quarter last year, with an adjusted EBITDA margin of 18% compared to 29% in the prior year [23][24] - Total revenues decreased to $298 million in Q2 2025 from $397 million in Q2 2024, driven by lower average gross selling prices [24][30] Business Line Data and Key Metrics Changes - Sales volume increased by 6% to 2.2 million short tons in Q2 2025, compared to 2.1 million short tons in the same quarter last year [15] - The company achieved first commercial sales of 239,000 tons of steelmaking coal from the Blue Creek mine, which was ahead of schedule [15][19] - Production volume also rose by 6% to 2.3 million short tons in Q2 2025, compared to 2.2 million short tons in the same quarter of the previous year [16] Market Data and Key Metrics Changes - Average premium low-vol steelmaking coal index prices declined by 24% year-over-year in Q2 2025, with the primary index averaging $167 per short ton [10] - The relative price of the LVHCC index compared to the PLD index averaged 78%, significantly lower than the historical average of 88% [11] - Global pig iron production decreased by 1.3% in the first half of 2025, with China experiencing a 0.8% decline [13] Company Strategy and Development Direction - The company is accelerating the Blue Creek longwall startup to early Q1 2026, reflecting a strong focus on cost control and operational efficiency [7][19] - The company plans to maintain a flexible cost structure and high production volumes to navigate challenging market conditions [22][31] - The recent "One Big Beautifully Bill Act" is expected to provide tax benefits, including a permanent deduction on foreign-derived income and classification of metallurgical coal as a critical mineral [32][33] Management's Comments on Operating Environment and Future Outlook - Management noted ongoing market weakness due to excess Chinese steel exports and lackluster global steel demand, with expectations of continued challenges in customer markets [8][34] - The company remains optimistic about potential trade agreements but acknowledges the uncertainty surrounding global trade and tariffs [34] - Management emphasized confidence in the company's asset base and cost structure to navigate through the current environment [34] Other Important Information - Cash cost of sales in Q2 2025 was $225 million, representing 78% of mining revenues, with a cash cost of sales per short ton of approximately $101 [25][26] - Free cash flow was negative $57 million for Q2 2025, influenced by capital expenditures for Blue Creek, but the underlying business generated approximately $40 million of free cash flow excluding these investments [29][30] Q&A Session Summary Question: Cost guidance and expectations for the second half of the year - Management acknowledged strong performance but indicated planning for potential cost increases due to maintenance and repairs [36][39] Question: Impact of Brazilian tariffs and market diversion - Management noted that Brazilian steelmakers are still willing to take coal, but the market dynamics have shifted with more high-vol A tons moving into Asia [40][43] Question: Blue Creek project costs and production expectations - Management indicated that costs for Blue Creek are expected to be higher than previous guidance due to current market conditions, with production potentially reaching around 4 million tons next year [48][60] Question: Pricing and gross realization targets - Management confirmed risks to the gross realization target due to widening price spreads and increased sales of high-vol A coal [55] Question: Impact of the Union Pacific and Norfolk Southern merger - Management expressed confidence that the merger would not significantly impact their shipping operations due to the dedicated nature of their rail routes [74]

Core Viewpoint - Rayonier Advanced Materials Inc. (RYAM) held its Q2 2025 earnings conference call, discussing financial performance and strategic direction [1][4]. Group 1: Financial Performance - The earnings report and presentation materials were released, providing insights into the company's financial performance [4]. - The call included discussions on non-GAAP financial measures to offer additional perspective on operational performance [5]. Group 2: Leadership and Participation - The conference call featured key company participants including De Lyle Bloomquist (President and CEO) and Marcus Moeltner (CFO and Senior VP of Finance) [3]. - Michael H. Walsh (VP of Investor Relations and Treasurer) hosted the call, welcoming participants and outlining the agenda [2][3].

Financial Data and Key Metrics Changes - System wide sales increased by 10% to $890 million, and adjusted EBITDA rose by 12% considering refranchising impacts [6][14] - Adjusted net income was $61 million, with adjusted EPS of $0.47, an 18% increase considering refranchising impacts [18] - Gross margin rate increased by 80 basis points year over year to 40.5%, driven by labor leverage of over 100 basis points [15][18] Business Line Data and Key Metrics Changes - Same store sales increased by 4.9%, with transaction growth contributing approximately 25% to the comp [6][14] - The company added 46 new stores in the quarter, bringing the year-to-date total to 116 gross additions [9][10] - SG&A as a percentage of sales increased by 80 basis points year over year to 18.5%, reflecting investments in technology infrastructure [16] Market Data and Key Metrics Changes - The company continues to see strong customer demand with no evidence of customers trading down or delaying services [7] - Premium product usage among customers grew both sequentially and year over year [7] - The company expects to narrow its same store sales guidance range to 5.8% to 6.4% for the full year [8] Company Strategy and Development Direction - The company is focused on driving core business potential and enhancing shareholder value through cost management and margin expansion [8][21] - The company is working with the FTC on the Breeze transaction, which may involve divesting certain stores to close the deal [11][96] - The company aims to improve return on invested capital through strategic store additions and refranchising efforts [10][62] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the resilience of customer demand and transaction growth despite a slower start to the summer holiday season [31][33] - The company anticipates continued strong performance and is narrowing guidance ranges based on current momentum [21][86] - Management acknowledged the inflationary environment as a significant factor but remains optimistic about long-term growth potential [36][86] Other Important Information - The company has approximately $68 million in cash and a leverage ratio of 3.3x on an adjusted basis [18] - Share repurchases totaled $60 million year to date, paused following the Grieve announcement [19] - The company is focused on leveraging technology investments to improve operational efficiency and customer experience [101][104] Q&A Session Summary Question: Full year same store sales growth guidance - Management discussed the performance in April and May, noting a slower start in June due to weather but consistent transaction growth across the system [25][32] Question: Drivers of ticket growth - Management indicated that ticket growth was driven by premiumization, net pricing, and increased NOCR service penetration, but did not provide specific numbers [27] Question: June performance and July outlook - Management noted that June was impacted by mild weather but saw improved performance in July with good traffic [32][33] Question: Franchise pricing differential - Management explained that franchisees operate as independent price centers, leading to geographic pricing differences, with one large franchisee adjusting prices significantly [75][76] Question: Technology investments and SG&A growth - Management confirmed that technology investments accounted for about one-third of SG&A growth, with expectations for SG&A leverage to return in fiscal year 2026 [16][77] Question: Breeze acquisition and integration - Management discussed the potential need to divest certain stores to satisfy FTC requirements and emphasized the importance of thoughtful integration of the Breeze brand [92][96]

Core Viewpoint - Greenlight Capital Re, Ltd. held its Q2 2025 earnings call, featuring key executives including CEO Greg Richardson and Chairman David Einhorn, to discuss the company's performance and future outlook [1][2]. Group 1: Company Overview - The earnings call was initiated by General Counsel David Sigmon, who provided details about the call's recording and availability for replay on the company's website [2]. - The call included forward-looking statements that reflect the company's current expectations and are subject to risks and uncertainties, indicating that actual results may differ from those predicted [3][4]. Group 2: Financial Reporting - Management may refer to non-GAAP financial measures during the call, with reconciliations available in the company's SEC filings, including the Form 10-K [5].

Core Insights - GXO Logistics, Inc. reported second quarter 2025 revenue of $3.3 billion, a 16% increase year over year, with organic revenue growth of 6%, marking the highest growth in nine quarters [1][4][9] - The company signed $307 million in new business wins during the second quarter, bringing total new business wins for the first half of 2025 to over $500 million [2][9] - GXO raised its full-year adjusted EBITDA guidance due to better-than-expected performance in the first half of the year [3][9] Financial Performance - Net income for the second quarter was $28 million, down from $39 million in the same quarter of 2024, with diluted earnings per share (EPS) at $0.23 compared to $0.32 [5][9] - Adjusted EBITDA for the second quarter was $212 million, up from $187 million year over year, with adjusted diluted EPS increasing to $0.57 from $0.55 [5][9] - Cash flow from operations was $3 million, significantly lower than $115 million in the second quarter of 2024, with free cash flow showing a usage of $43 million compared to a generation of $31 million in the prior year [6][9] Balance Sheet and Debt - As of June 30, 2025, GXO had cash and cash equivalents of $205 million, total debt of $2.7 billion, and net debt of $2.5 billion [8][50] - The company’s net leverage ratio stood at 3.0x, indicating its debt levels relative to trailing twelve months adjusted EBITDA [52] Guidance and Leadership Transition - The company updated its full-year 2025 guidance, projecting organic revenue growth of 3.5% to 6.5% and adjusted EBITDA between $865 million and $885 million [10][19] - A leadership transition is underway, with Patrick Kelleher set to take over as CEO, succeeding Malcolm Wilson [4][11]