ATI (ATI) Q1 2025 Earnings Call May 01, 2025 08:30 AM ET Speaker0 Hello, and welcome, everyone, to the ATI First Quarter twenty twenty five Earnings Call. My name is Becky, and I'll be your operator today. I will now hand over to your host, David Weston, Vice President of Investor Relations, to begin. Please go ahead. Speaker1 Thank you. Good morning and welcome to ATI's first quarter twenty twenty five earnings call. Today's discussion is being webcast online at atimaterials.com. Participating in today's c ...

America's top supermarket chain could continue to outperform the market.Shares of Kroger (KR 1.29%) rallied nearly 30% over the past 12 months as the S&P 500 advanced less than 10%. The largest supermarket operator in America dazzled the market with its robust sales growth, its resistance to macro headwinds, and its effective digital strategies. It also ramped up its buybacks after its planned merger with Albertsons (NYSE: ACI) collapsed.But can Kroger's stock keep climbing higher over the next 12 months as ...

Core Insights - The data center market is experiencing a pause rather than a complete bust, with strong long-term growth signals driven by AI deployments [2][4][8] - Major players like Amazon and Nvidia reaffirmed the strength of the data center market, indicating ongoing strong demand [3][7] - Microsoft has decided to halt its planned data centers in Ohio, reflecting a strategic reevaluation amid the AI rush [5][6] Industry Trends - The data center industry is undergoing a temporary pause, with significant project pipelines still in place, particularly for AI training models [4][8] - Power availability is becoming a critical factor for data center development, with new centers requiring significantly more electricity than before [10][11][12] - The data center market is projected to grow at a rate of 20%–25% over the next five to seven years, despite year-to-year variations [16] Company Strategies - Microsoft is focusing on projects that align with its investment strategy, having increased its leased capital expenditures significantly [6] - Companies are expected to implement cost-mitigation strategies in response to potential tariff impacts on supply chains [17][18] - The need for efficient compute power solutions is rising due to the demands of AI, prompting a shift in data center project dynamics [19]

Celestica Inc. (NYSE:CLS) Q1 2025 Earnings Conference Call April 25, 2025 8:00 AM ET Company Participants Matthew Pallotta - Head, Investor Relations and Senior Director, Finance Rob Mionis - President and Chief Executive Officer Mandeep Chawla - Chief Financial Officer Conference Call Participants David Vogt - UBS Samik Chatterjee - JPMorgan George Wang - Barclays Ruben Roy - Stifel Thanos Moschopoulos - BMO Capital Markets Steven Fox - Fox Advisors Paul Treiber - RBC Capital Markets Robert Young - Canacco ...

Financial Data and Key Metrics Changes - Operating earnings were reported at $0.59 per share, with an operating return on assets of 1.04%, both showing solid improvements from the previous year [4] - Loans grew at an annualized pace of just over 5%, while deposits also grew at an annualized rate of 5% [4] - The net interest margin increased by 10 basis points over the fourth quarter, driven by lower deposit costs [4][13] Business Line Data and Key Metrics Changes - The loan portfolio saw a 7% annualized growth in commercial and industrial (C&I) loans, including owner-occupied commercial real estate [10] - The Navitas book experienced a 15% annualized growth, while home equity line of credit (HELOC) loans grew by 13% annualized [10] - Non-interest income decreased by $4.8 million from the previous quarter, but the run rate of fee income remained flat when excluding notable items from the last quarter [14] Market Data and Key Metrics Changes - Deposit growth was strong, with $309 million in deposits or 5.3% annualized growth, despite approximately $85 million in seasonal public fund outflows [8] - The cost of total deposits improved by 15 basis points during the quarter, with a total deposit beta of 30% [9] Company Strategy and Development Direction - The company is well-positioned to succeed despite economic uncertainties, with a focus on maintaining strong client relationships and adapting to market changes [7] - The acquisition of American National Bank is set to close on May 1, marking a strategic expansion into South Florida [18] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating the current economic environment, noting that consumer spending and employment in their markets remain strong [7] - There are concerns regarding potential impacts from tariffs, but management believes that clients are adapting quickly to maintain margins [7][29] Other Important Information - The Common Equity Tier 1 (CET1) ratio increased to 13.3%, indicating a strong capital position [12] - The total capital ratios remain above peers, allowing the company to be opportunistic in capital use [12] Q&A Session Summary Question: Margin expectations going forward - Management expects margins to increase by 5 to 10 basis points next quarter, driven by lower deposit costs and a shift in the mix between loans and securities [23][24] Question: Borrower behavior and pipelines - There has not been a negative impact on pipelines, with Q2 expected to be similar to Q1 [38] Question: SBA and fee income challenges - The company is a preferred lender for SBA loans, which mitigates potential headwinds in gaining approvals [40] Question: Operating expenses outlook - Operating expenses are expected to remain in the low single-digit growth range, with some seasonal increases anticipated [41] Question: Capital priorities and share repurchase - Management indicated a preference for share buybacks over M&A at current stock prices, viewing it as a low-risk investment [46] Question: Loan loss reserves and economic scenarios - The company uses Moody's scenarios for loan loss reserves, balancing economic forecasts with actual portfolio performance [51][52] Question: Deposit growth drivers - Strong deposit growth was attributed to the maturity of CDs and a focus on money market accounts [60][61] Question: M&A environment outlook - Conversations regarding M&A continue, but management does not expect significant activity in the next 12 to 18 months due to market conditions [66] Question: Navitas loan sales outlook - Management indicated that they may not sell Navitas loans in the second quarter, focusing on maintaining high-quality credit on the balance sheet [72]

Culp, Inc (NYSE:CULP) Q3 2025 Results Conference Call March 6, 2025 9:00 AM ET Company Participants Dru Anderson - Head of Investor Relations Robert Culp - President and Chief Executive Officer Kenneth Bowling - Chief Financial Officer Tommy Bruno - EVP of Culp Home Fashions Mary Beth Hunsberger - President, Culp Upholstery Fabric Division Conference Call Participants Brian Gordon - Water Tower Research Operator Good day, and welcome to the Culp, Inc. Third Quarter Fiscal 2025 Earnings Conference Call. [Ope ...