Cooper-Standard (CPS) Q1 2025 Earnings Call May 02, 2025 09:00 AM ET Company Participants Roger Hendriksen - Director of Investor RelationsJeffrey Edwards - Chairman & CEOJonathan Banas - Executive VP & CFOKirk Ludtke - Managing DirectorBen Briggs - Director Conference Call Participants Michael Ward - Finance Analyst Operator Good morning, ladies and gentlemen, and welcome to the Cooper Standard First Quarter twenty twenty five Earnings Conference Call. During the presentation, all participants will be in l ...

Financial Data and Key Metrics Changes - Total operating revenues decreased by 3% year over year, impacted by divestitures and declines in commercial and wholesale revenue, as well as decreases in residential video and voice connections [44] - Free cash flow for Q1 2025 was $79 million, an increase of $18 million compared to the same quarter last year [13][19] - Cash expenses increased by 6% or $11 million compared to the prior year, with $4 million of this increase attributed to a cumulative non-cash adjustment to stock-based compensation [44] Business Line Data and Key Metrics Changes - Postpaid handset results showed year-over-year improvements, while third-party tower revenues increased by 6% due to new co-locations and escalators on renewed leases [12] - Fiber service addresses grew by 6% year over year, with 14,000 new addresses delivered in the quarter [33][42] - Residential broadband net additions were 2,800, with 8,300 coming from fiber markets, lower than prior quarters due to timing of service address delivery [34][38] Market Data and Key Metrics Changes - The company continues to face aggressive promotional competition in the wireless industry, with competitors offering multi-year price locks and aggressive pricing [14] - Demand for higher broadband speeds remains strong, with 82% of residential broadband customers taking 100 megabits or higher and 24% taking one gig or higher at the end of the quarter [42] Company Strategy and Development Direction - The company is focused on completing the proposed transaction with T-Mobile, which is expected to close in mid-2025, and is preparing for a smooth transition [9][16] - A special dividend to shareholders is anticipated following the closing of the T-Mobile transaction, with proceeds expected to be used to repay outstanding bank debt [10][18] - The fiber program has expanded the company's footprint by over 30% in the last three years, with further growth opportunities identified [11] Management's Comments on Operating Environment and Future Outlook - Management acknowledged increased uncertainties in the broader economy and markets but remains optimistic about the long-term potential of the tower business and fiber expansion [7][12] - The company is focused on cost optimization and expects capital expenditures to decline in 2025 as planned 5G coverage builds are largely completed [13][46] - Management expressed confidence in achieving $100 million in annual cost savings by the end of 2028 through transformation efforts [35][72] Other Important Information - The company does not plan to redeem Series UU and Series BV preferred stock, viewing them as foundational capital for future operations [10][68] - The expected cash income tax obligations related to the T-Mobile transaction are estimated to be between $225 million and $325 million [28][30] Q&A Session Summary Question: Timeline for designated entity spectrum approval - The timing is uncertain and dependent on regulatory approval by the FCC, but there is optimism for a positive outcome [52][54] Question: Free cash flow run rate - The $79 million in free cash flow is not necessarily a run rate, but capital expenditures are expected to be down in 2025, which is positive for free cash flow [55] Question: Debt exchange offer impact - The debt exchange offer will be launched about 50 days before the anticipated close, and the amount of debt exchanged will impact transaction proceeds [56][110] Question: Fiber net adds and sales efforts - Fiber net additions were lower due to timing of address delivery, but management expects improvements as construction activity ramps up [60][62] Question: Divestiture strategy and criteria - The company is focused on divesting non-core assets, particularly isolated copper markets without an economic path to fiber, ensuring that net proceeds exceed the present value of cash flows from continued operations [95][96]

Financial Data and Key Metrics Changes - First quarter 2025 sales were $667.1 million, a slight decrease of 1.4% compared to the first quarter of 2024, primarily due to unfavorable foreign exchange [13][14] - Adjusted EBITDA for the quarter was $58.7 million, compared to $29.3 million in the first quarter of last year, driven by lean initiatives and restructuring savings [14][17] - Net income for the first quarter of 2025 was $1.6 million, compared to a net loss of $31.7 million in the first quarter of 2024 [15] - Capital expenditures totaled $17.5 million, or 2.6% of sales, consistent with the previous year [15] Business Line Data and Key Metrics Changes - The company achieved $20 million in savings through lean initiatives and $8 million from restructuring initiatives in the first quarter [7][8] - The company awarded $55 million in net new business during the first quarter, indicating strong customer demand for new technologies [8][9] Market Data and Key Metrics Changes - The global production forecast for hybrid vehicles has significantly increased, with expectations raised by nearly 4 million units for 2030 and nearly 7 million units for 2035 [23][24] - The hybrid vehicle trend is expected to drive higher average content per vehicle, benefiting the company's fluid business [24][26] Company Strategy and Development Direction - The company is focused on driving profitable growth through sustainable technologies that enhance vehicle efficiency and reduce carbon footprint [22] - The strategic imperatives include innovation, operational efficiency, and corporate responsibility, aiming for double-digit adjusted EBITDA margins and returns on invested capital [20][21] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in mitigating the impact of tariffs and expects to recover the majority of costs associated with them [28][37] - The company anticipates that clarity around trade policies will improve by the end of the second quarter, allowing for a more meaningful update on full-year guidance [29] - Management remains optimistic about the ability to adapt to market conditions and expects continued support from customers [30][60] Other Important Information - The company was recognized as GM Supplier of the Year for the eighth consecutive year, reflecting its commitment to customer value [9] - The company aims to achieve carbon neutrality in Europe by 2040 and globally by 2050, highlighting its commitment to sustainability [12] Q&A Session Summary Question: Is the $2 million in duties and tariffs a timing issue? - Yes, it was a minor impact due to uncertainty about the implementation date, and the company expects to recover these costs [35][36] Question: Is the trajectory of hybrids coming at the expense of electric vehicles? - The increase in hybrid production is driven by consumer preference, and hybrids offer greater content opportunities for the company [40][41] Question: Is the company withdrawing guidance? - No, the company is maintaining its guidance and will provide updates after the second quarter [43][44] Question: What are the key assumptions for achieving a net leverage ratio of around two turns by the end of 2027? - The assumptions include normalized volume production, continued execution of cost reduction initiatives, and profitable growth [72][74]

Rimini Street (RMNI) Q1 2025 Earnings Call May 01, 2025 05:00 PM ET Company Participants Dean Pohl - VP of Investor Relations & TreasurerSeth Ravin - Founder, Chairman, CEO & PresidentMichael Perica - EVP, CFO & Principal Accounting OfficerBrian Kinstlinger - MD, Director of Research & Head of Technology ResearchCole Erskine - Vice President - Equity Research Operator Good afternoon, ladies and gentlemen, and welcome to the Rimini Street Q1 twenty twenty five Earnings Conference Call. At this time, all line ...

Rimini Street (RMNI) Q1 2025 Earnings Call May 01, 2025 05:00 PM ET Company Participants Dean Pohl - VP of Investor Relations & TreasurerSeth Ravin - Founder, Chairman, CEO & PresidentMichael Perica - EVP, CFO & Principal Accounting OfficerBrian Kinstlinger - MD, Director of Research & Head of Technology ResearchCole Erskine - Vice President - Equity Research Operator Good afternoon, ladies and gentlemen, and welcome to the Rimini Street Q1 twenty twenty five Earnings Conference Call. At this time, all line ...

Q1 | 2025 Highlights Expro Group Holdings N.V. NYSE: XPRO Disclaimer This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, included in this presentation that address activities, events or developments that Expro Group Holdings N.V. (the "Company") expects, believes or anticipates will or may occur in the future are forward- looking ...

Waste Management (WM) Q1 2025 Earnings Call April 29, 2025 10:00 AM ET Company Participants Edward Egl - Vice President of Investor RelationsJames Fish - President and Chief Executive OfficerJohn Morris - Executive VP & COODevina Rankin - Executive VP & CFOKevin Chiang - Director - Institutional Equity ResearchRafael Carrasco - Senior VP, Enterprise Strategy & PresidentTyler Brown - Financial AdvisorTara Hemmer - Senior VP & Chief Sustainability OfficerSabahat Khan - Managing DirectorTobey Sommer - Managing ...

Financial Data and Key Metrics Changes - In Q1 2025, MMG's copper production reached just over 118,000 tonnes, a 76% increase compared to the same quarter last year [21] - The total recordable injury frequency was 2.4 per million hours worked, indicating a focus on safety despite an increase from the previous quarter [19] - The significant events with energy exchange frequency was 1.08 per million hours worked, also showing an increase from last quarter [20] Business Line Data and Key Metrics Changes - Las Bambas produced over 95,000 tonnes of copper in concentrate, a 71% increase year-over-year [21] - Kinsevere produced almost 12,000 tonnes of copper cathode, a 19% increase compared to the same period last year [23] - Khoemakau produced close to 11,000 tonnes of copper in concentrate, a 4% increase from the previous quarter despite severe weather conditions [24] Market Data and Key Metrics Changes - The company is experiencing favorable market conditions, including declining TCRC rates for copper and zinc concentrates and rising precious metal prices [26] - The operations at Las Bambas are stable and in good order, contributing to a positive outlook for production and cost guidance [26] Company Strategy and Development Direction - MMG aims to become one of the top 10 global copper producers, focusing on safety performance, expansion projects, and community relations [27] - The company is advancing its Nickel Brazil acquisition and integration plans while conducting a comprehensive review of its 2025 production and cost guidance [26] - The feasibility study for expanding Las Bambas' capacity is a top priority, with plans to reach 60,000 tonnes by 2026 and 130,000 tonnes by 2028 [43] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in meeting production guidance for Las Bambas, contingent on stable operations and no nationwide incidents [32] - The company is optimistic about the potential for cost reductions due to scale economics as production increases [32] - Management highlighted the importance of community relations and ongoing negotiations to ensure stable operations [31] Other Important Information - The total investment for community development projects, including the construction of a school, is approximately $9 million [22] - The company is focused on optimizing recovery rates and improving operational flexibility at its mining sites [46][48] Q&A Session Summary Question: Expectations for Las Bambas production - Management indicated that production is expected to meet the upper limit of guidance if no nationwide incidents occur [32] Question: Inventory adjustments at Las Bambas - Sales increased in Q1 due to inventory sold from Q4, and production is sticking to guidance [34] Question: Kinsevere's power outages and production expectations - Management confirmed that production is on track with guidance, and diesel power generation is a backup source [36] Question: C1 cost expectations - C1 costs are expected to improve as production increases, with precious metal prices positively impacting costs [57] Question: Tax issues in Las Bambas - Management is working with tax authorities in Peru, and they do not expect significant impacts on cash flow or corporate income tax rates [71]

VinFast Auto (VFS) Q4 2024 Earnings Call April 24, 2025 04:52 PM ET Company Participants Nhi Nguyen - Investor Relations ManagerLe Thi Thu Thuy - ChairwomanNguyen Thi Lan Anh - CFOGregory Lewis - Managing Director Conference Call Participants Andres Sheppard - AnalystJames McIlree - Senior Equity Research Analyst Operator day, and thank you for standing by. Welcome to the BINFAST Auto Limited Q4 twenty twenty four and Full Year Earnings Call. At this time, all participants are in a listen only mode. After t ...

VinFast Auto Ltd. (NASDAQ:VFS) Q1 2025 Earnings Conference Call April 24, 2025 8:00 AM ET Company Participants Nhi Nguyen - Investor Relations Le Thi Thu Thuy - Chairwoman of the Board Nguyen Thi Lan Anh - Chief Financial Officer Conference Call Participants Andres Sheppard - Cantor Fitzgerald Greg Lewis - BTIG LLC James McIlree - Chardan Capital Markets Operator Good day, and thank you for standing by. Welcome to the VinFast Auto Limited Q4 2024 and Full-Year Earnings Call. At this time, all participants a ...