Carriage Services (CSV) Q1 2025 Earnings Call May 01, 2025 09:00 AM ET Company Participants None - ExecutiveSteven Metzger - PresidentCarlos Quezada - CEO & Vice ChairmanJohn Enwright - SVP, CFO & TreasurerAlexander Paris - President & SMD Conference Call Participants John Franzreb - Senior Equity AnalystGeorge Kelly - Managing Director, Senior Research Analyst None Hello, and welcome to the event center. An event specialist will join you shortly. If you're a speaker or presenter, please notify the event sp ...

Financial Data and Key Metrics Changes - For the first quarter, total revenue was reported at $107.1 million, an increase of $3.6 million or 3.5% compared to the same quarter last year [9] - GAAP net income for the first quarter was $20.9 million, an increase of $13.9 million or 200.1% [22] - Adjusted diluted EPS for the first quarter was $0.96 per share, an increase of $0.21 or 28% compared to the prior year quarter [13] - Adjusted consolidated EBITDA was $32.9 million, a decrease of $653,000 or 1.9% [12] Business Line Data and Key Metrics Changes - Total funeral operating revenue was $69.1 million, an increase of $3 million or 4.6% year-over-year, driven by a 1.8% increase in average revenue per contract and a 2.4% increase in admin volume [9] - Total cemetery revenue reached $27.9 million, an increase of $1.5 million or 5.8% [11] - Financial revenue was $7.4 million, an increase of $613,000 or 9.1%, primarily from preneed insurance funeral sales [12] Market Data and Key Metrics Changes - The company observed a shift in flu season, impacting volume expectations, with a positive variance of 7.7% compared to the first quarter of the previous year [10] - The preneed cemetery growth rate is expected to be between 10% to 20% for the year [11] Company Strategy and Development Direction - The company is maintaining its current guidance while monitoring economic conditions, with plans to potentially raise guidance if momentum continues [14][15] - The Trinity system is in Phase one of implementation, focusing on back office systems, with Phase two expected to begin in the third quarter [16] - The company is excited about the rollout of its express funeral funding partnership, aimed at improving family financial flexibility and unlocking new sales potential [17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's momentum and the strength of its financial strategy, despite broader economic uncertainties [14][19] - The company is focused on operational excellence and innovation to create lasting value for shareholders [20] Other Important Information - Cash provided by operating activities for the quarter was $13.8 million, down from $19.7 million in the prior year [23] - The company ended the quarter with a maintained leverage ratio of 4.2 times, down from 5 times [24] Q&A Session Summary Question: How was March and April performance? - Management indicated that momentum has continued strongly from January through April, primarily due to volume increases [30][31] Question: What is the outlook for preneed and terming rates sold? - Management noted that while there was a decline in preneed property rights sold, they expect a return to normal growth rates starting in the second quarter [34][35] Question: What are the expected proceeds from property monetization in Q2? - Management estimated around $6 million in proceeds from property sales in Q2, which is factored into guidance [56] Question: How does the company plan to react in a recessionary environment? - Management expressed confidence in the resilience of the industry, noting that demand remains stable even during economic downturns [51][52] Question: What cost-saving measures are currently in place? - Management highlighted ongoing supply chain initiatives and fleet management as key areas for cost savings [47][48]

SAN ANTONIO, April 30, 2025 (GLOBE NEWSWIRE) -- Scorpius Holdings, Inc (OTC: SCPX) (“Scorpius” or “the Company”), an integrated contract development and manufacturing organization ("CDMO”), today provided strategic, financial, and operational updates for the year ended December 31, 2024. Jeff Wolf, CEO of Scorpius Holdings, Inc., stated, "The current biotech funding environment has created real headwinds for many of our clients, particularly when it comes to advancing drug development and clinical trials. I ...

TORONTO and TAMPA, Fla., April 30, 2025 (GLOBE NEWSWIRE) -- Voxtur Analytics Corp. (TSXV: VXTR; OTCQB: VXTRF) ("Voxtur" or the "Company"), a North American technology company creating a more transparent and accessible real estate lending ecosystem, today announced its financial results for the three months and year ended December 31, 2024. The Company's Audited Consolidated Financial Statements for the year ended December 31, 2024, and the related Management's Discussion and Analysis ("MD&A") are available ...

Financial Data and Key Metrics Changes - Organic net sales declined by 4.7% year-over-year, with price up 0.9 percentage points and volume mix down 5.6 percentage points [42] - Adjusted operating income decreased by 5.2%, while adjusted operating income margin increased by 30 basis points due to strong performance in emerging markets [44] - Free cash flow conversion improved by 9 percentage points year-over-year, reaching 65% [49] - Adjusted EPS declined by 10.1% to $0.62, impacted by a higher effective tax rate [49][57] Business Line Data and Key Metrics Changes - North America organic net sales declined by 6.5%, with growth in Canada offset by lower sales in U.S. retail and away from home [42] - International developed markets saw a 1.7% decline in organic net sales, primarily due to a slowdown in the UK [43] - Emerging markets experienced a 3.9% increase in organic net sales, driven by recovery in Brazil [43][32] Market Data and Key Metrics Changes - The U.S. away from home market faced challenges due to declining traffic, impacting total U.S. away from home business [14][31] - Emerging markets showed strong growth, with Heinz brand sales in these markets reaching over $1 billion [32] Company Strategy and Development Direction - The company is focused on unlocking efficiencies and reinvesting in the business to drive brand and product growth [9][11] - A commitment to continuous improvement is emphasized, with a goal to unlock $2.5 billion in gross efficiencies by 2027 [10] - The brand growth system is being expanded to cover 40% of sales by year-end, up from 10% in 2024 [11][15] Management's Comments on Operating Environment and Future Outlook - Management acknowledged pressures from inflation and tariffs, leading to a revised outlook for organic net sales and operating income [7][54] - The company expects organic net sales to decline between 1.5% to 3.5% for the full year, reflecting worsening consumer sentiment [54][55] - Management remains optimistic about emerging markets, anticipating double-digit growth by the end of 2025 [43][54] Other Important Information - The company returned nearly $900 million to shareholders year-to-date, maintaining a net leverage target of approximately 3x [52] - Significant marketing investments are planned for 2025, with a focus on optimizing media spend and driving better returns [47] Q&A Session Summary Question: What are the expectations for organic net sales in 2025? - The company has lowered its expectations for organic net sales to a range of down 1.5% to down 3.5% due to macroeconomic challenges [54] Question: How is the company addressing inflation and cost pressures? - The company is increasing investments in pricing and optimizing marketing spend to support brands and mitigate inflation impacts [46][55] Question: What is the outlook for emerging markets? - Emerging markets are expected to continue growing, with a target of reaching double-digit growth by the fourth quarter of 2025 [43][54]

Financial Data and Key Metrics Changes - Organic net sales declined by 4.7% year-over-year, with price up 0.9 percentage points and volume mix down 5.6 percentage points [42] - Adjusted operating income decreased by 5.2%, while adjusted operating income margin increased by 30 basis points due to strong performance in emerging markets [44] - Free cash flow conversion improved by 9 percentage points year-over-year, reaching 65% [49] Business Line Data and Key Metrics Changes - North America organic net sales declined by 6.5%, impacted by lower sales in U.S. retail and away from home [42] - Emerging markets saw organic net sales growth of 3.9%, an improvement from 2.2% in the previous quarter [43] - Adjusted operating income in North America decreased by 9.4%, while in emerging markets, it increased by 20.3% [44][45] Market Data and Key Metrics Changes - The U.S. away from home market faced a downturn due to economic uncertainty, with traffic declining across the sector [29][31] - International developed markets experienced a 1.7% decline in organic net sales, primarily due to weakening consumer sentiment in the UK [43] - Emerging markets are expected to reach double-digit growth by the fourth quarter of 2025 [43] Company Strategy and Development Direction - The company is focused on unlocking efficiencies and reinvesting in the business to drive brand and product growth [9][11] - A commitment to continuous improvement is emphasized, with a goal to unlock $2.5 billion in gross efficiencies by 2027 [10] - The brand growth system is being expanded to cover 40% of sales by year-end, up from 10% in 2024 [11][15] Management's Comments on Operating Environment and Future Outlook - Management acknowledged pressures from inflation and tariffs, impacting consumer sentiment and business operations [6][60] - The company has lowered its organic net sales expectations for 2025, now anticipating a decline of 1.5% to 3.5% [53][54] - Future guidance reflects increased costs and a wider range of uncertainty due to macroeconomic dynamics [55] Other Important Information - The company returned nearly $900 million to shareholders year-to-date, maintaining a net leverage target of approximately 3x [52] - Adjusted EPS is expected to be in the range of $2.51 to $2.67, reflecting changes in organic net sales and operating income estimates [56] - The company is investing in strategic areas, including marketing efficiency and brand support, to drive growth [47] Q&A Session Summary Question: What are the expectations for organic net sales in 2025? - The company now expects organic net sales to decline by 1.5% to 3.5%, a revision from previous expectations of flat to down 2.5% [53][54] Question: How is the company addressing inflation and consumer sentiment challenges? - The company is focusing on unlocking efficiencies, optimizing marketing spend, and increasing investments in pricing to support brands [46][60] Question: What is the outlook for emerging markets? - Emerging markets are expected to continue growing, with a target of reaching double-digit growth by the fourth quarter of 2025 [43]

Virtu Financial, Inc. (NASDAQ:VIRT) Q1 2025 Earnings Conference Call April 23, 2025 8:00 AM ET Company Participants Andrew Smith - Head, Investor Relations Douglas Cifu - Chief Executive Officer Joseph Molluso - Co-President and Co-Chief Operating Officer Cindy Lee - Chief Financial Officer Conference Call Participants Chris Allen - Citi Dan Fannon - Jefferies Ken Worthington - J.P. Morgan Eli Abboud - Bank of America Operator Ladies and gentlemen, thank you for standing by, and welcome to Virtu Financial, ...

StoneCo (STNE) Q4 2024 Earnings Call March 18, 2025 05:00 PM ET Company Participants Pedro Zinner - Chief Executive OfficerLia Machado de Matos - Strategy & Marketing OfficerMateus Scherer Schwening - CFO & IROMario Pierry - Managing DirectorTito Labarta - Vice PresidentYuri Fernandes - Executive Director Conference Call Participants Eduardo Rosman - AnalystDaniel Vaz - Lead Analyst - Equity ResearchRenato Meloni - Senior AnalystJames Friedman - Financial Analyst Operator Good evening, everyone. Thank you f ...