Mativ (MATV) Q1 2025 Earnings Call May 08, 2025 08:30 AM ET Company Participants Chris Kuepper - Director - IRShruti Singhal - President and CEOGreg Weitzel - CFOLars Kjellberg - Managing Director Conference Call Participants Daniel Harriman - AnalystNone - Analyst Operator Welcome to Mattev's First Quarter twenty twenty five Earnings Conference Call. On the call today from Mattev are Shruti Singhal, Chief Executive Officer Greg Weitzel, Chief Financial Officer and Chris Cooper, Director of Investor Relatio ...

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 ...

Krispy Kreme (DNUT) Q1 2025 Earnings Call May 08, 2025 08:30 AM ET Company Participants Alexandre Eldredge - Senior Manager of IRJoshua Charlesworth - President & CEOJeremiah Ashukian - EVP & CFORahul Krotthapalli - Vice President - Equity ResearchBill Chappell - Managing Director Conference Call Participants Daniel Guglielmo - Equity Research AnalystNone - AnalystAndrew Wolf - SVP & Senior Research Analyst Operator Hello, everyone, and thanks for standing by. My name is Ian, and I will be your conference o ...

Mativ (MATV) Q1 2025 Earnings Call May 08, 2025 08:30 AM ET Speaker0 Welcome to Mattev's First Quarter twenty twenty five Earnings Conference Call. On the call today from Mattev are Shruti Singhal, Chief Executive Officer Greg Weitzel, Chief Financial Officer and Chris Cooper, Director of Investor Relations. Today's call is being recorded and will be available for replay later this afternoon. At this time, all participants have been placed on a listen only mode and the floor will be open for your questions ...

Krispy Kreme (DNUT) Q1 2025 Earnings Call May 08, 2025 08:30 AM ET Speaker0 Hello, everyone, and thanks for standing by. My name is Ian, and I will be your conference operator today. At this time, I'd like to welcome everyone to the Krispy Kreme First Quarter twenty twenty five Earnings Call. I would now like to turn the call over to Alexander Eldridge, Krispy Kreme Investor Relations. Please go ahead. Speaker1 Thank you. Good morning, everyone. Welcome to Krispy Kreme's first quarter twenty twenty five ear ...

Q1 2025 Earnings Presentation May 8, 2025 FORWARD - LOOKING STATEMENTS This presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect our current views with respect to, among other things, our operations and financial performance. Forward-looking statements include all statements that are not historical facts. These forward-looking statements relate to matters such as our industry, business strategy ...

The RMR Group (RMR) Q2 2025 Earnings Call May 07, 2025 01:00 PM ET Company Participants Matthew Murphy - Investor Relations ManagerAdam Portnoy - President and CEOMatthew Jordan - Executive VP, CFO & TreasurerTyler Batory - Executive Director Conference Call Participants John Massocca - Senior Research Analyst Operator Please note, today's event is being recorded. I would now like to turn the conference over to Matt Murphy, Manager of Investor Relations. Please go ahead. Matthew Murphy Good afternoon and th ...

Financial Data and Key Metrics Changes - Normalized FFO per share for the quarter was $0.39, aligning with expectations and marking a solid start to the year [20] - Same store cash NOI growth was 2.3%, impacted by higher operating expenses and weather volatility, with expectations for acceleration in growth for the remainder of the year [20][21] - The company ended the quarter with a net debt to adjusted EBITDA ratio of 6.4 times, unchanged from the end of 2024, with expectations to decrease this to a range of 6 to 6.25 times throughout the year [22] Business Line Data and Key Metrics Changes - The same store occupancy rate was reported at 89.3%, with expectations for sequential growth throughout 2025 [11][19] - The company commenced nearly 1,500,000 square feet of new and renewal leases during the quarter, with a solid signed non-occupied pipeline of over 630,000 square feet [16] - Tenant retention improved by over 300 basis points to almost 85%, contributing to a slight uptick in occupancy [18] Market Data and Key Metrics Changes - Demand for outpatient medical space remains robust, with health systems experiencing improving revenue and margin trends, driving further growth and space needs [18] - The company’s on-campus portfolio received the highest average score in a recent industry research piece, indicating a resilient outpatient portfolio compared to peers [18] Company Strategy and Development Direction - The company aims to optimize its portfolio by exiting markets with limited scale and focusing on selling assets rather than contributing them to joint ventures [12][30] - Key strategic focuses include improving leasing, optimizing the portfolio, enhancing the balance sheet, increasing efficiency, and instilling financial discipline [14] - The company plans to maintain its dividend at $0.31 per share while discussing its future based on earnings clarity and efficiency gains [15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strong fundamentals of outpatient medical real estate, with muted new supply and steadily increasing demand [9] - The company anticipates sequential occupancy growth and a strong leasing pipeline, with expectations for NOI growth throughout the year [19] - Management is focused on creating a more stable platform and improved earnings growth profile, aiming for a better stock price [14] Other Important Information - The company sold four buildings for $28 million in the first quarter, which required significant capital for repositioning [21] - The company has $1.4 billion of capacity on its revolving line of credit and has accessed this liquidity to pay off maturing notes [23] Q&A Session Summary Question: Did the areas of focus listed by the new CEO indicate priority? - The new CEO indicated that while not in perfect order of priority, portfolio optimization and deleveraging are immediate focuses, while leasing will take longer to stabilize [27][28] Question: How does the company view the joint venture model? - The CEO expressed a preference for maintaining existing joint ventures but emphasized selling assets rather than contributing more to those ventures [29][30] Question: Is the current guidance for 2025 confirmed? - The CEO reaffirmed the guidance for 2025 after reviewing the forecast with the team, indicating a good start to the year [35] Question: How will dispositions impact earnings? - The CEO acknowledged that while there may be a negative impact from deleveraging, the company is focused on offsetting that through efficiencies and leasing upside [102][104] Question: What is the strategy for retained cash flow? - The CEO emphasized prioritizing redevelopment opportunities for retained cash flow, as they yield higher returns [116]

Hecla Mining Company (HL) Q1 2025 Earnings Call May 02, 2025 10:00 AM ET Company Participants Mike Parkin - VP - Strategy & IRRob Krcmarov - President and Chief Executive OfficerRussell Lawlar - SVP, CFOCarlos Aguiar - Senior VP & COOHeiko Ihle - MD & Equity ResearchDalton Baretto - Managing Director, Equity ResearchMichael Siperco - DirectorKurt Allen - Vice President of ExplorationAndrew Dusome - Equity Research Associate, Metals & MiningHenry Hearle - Equity Research AssociateJoseph Reagor - Managing Dir ...

Financial Data and Key Metrics Changes - Normalized FFO per share for Q1 2025 was $0.39, aligning with expectations and marking a strong start to the year [22] - Same store cash NOI growth was 2.3%, impacted by higher operating expenses and weather volatility, with expectations for acceleration in growth for the remainder of the year [22][23] - Net debt to adjusted EBITDA remained unchanged at 6.4 times, with expectations to decrease to a range of 6 to 6.25 times as the year progresses [24] Business Line Data and Key Metrics Changes - Same store occupancy at the end of Q1 was 89.3%, with expectations for sequential growth throughout 2025 [11] - The company commenced nearly 1,500,000 square feet of new and renewal leases during the quarter, with a solid signed non-occupied pipeline of over 630,000 square feet [17][20] - Tenant retention improved by over 300 basis points to almost 85%, contributing to the slight uptick in occupancy [20] Market Data and Key Metrics Changes - The demand for outpatient medical space remains robust, with health systems experiencing improving revenue and margin trends, driving further growth and space needs [20] - The company’s on-campus portfolio received an A+ score in a recent industry research piece, indicating a resilient outpatient portfolio compared to peers [20] Company Strategy and Development Direction - The new CEO emphasized a focus on leasing, portfolio optimization, balance sheet improvement, organizational efficiency, and financial discipline as initial strategic priorities [11][14] - The company plans to exit markets with limited scale and focus on selling assets rather than contributing them to joint ventures [13][31] - The dividend will be an output of the strategic plan, with discussions ongoing at the Board level regarding its future [16][38] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strong fundamentals of outpatient medical real estate, with muted new supply and steadily increasing demand [7] - The company anticipates occupancy growth throughout 2025, with a target of 75 to 125 basis points of absorption by year-end [21] - Management is cautious about potential federal healthcare budget cuts but noted that outpatient medical assets may benefit indirectly from such changes [45] Other Important Information - The company maintained its dividend at $0.31 per share for the quarter, with discussions ongoing regarding its future based on earnings clarity [16] - The company sold four buildings for $28 million in Q1, with plans for further dispositions as part of its strategy [23] Q&A Session Summary Question: Did the areas of focus listed by the new CEO represent a priority order? - The CEO indicated that while not in perfect order of priority, portfolio optimization and deleveraging are immediate focuses, while leasing improvements may take two to three years [30] Question: How does the company view the joint venture model? - The CEO expressed a preference for maintaining existing joint ventures but emphasized the need to sell assets rather than contribute more to these ventures [31] Question: Is the current guidance for 2025 confirmed? - The CEO reaffirmed the guidance after reviewing the 2025 forecast, indicating comfort with the numbers presented [35] Question: How will dispositions impact earnings and dividend coverage? - The CEO acknowledged that while there may be a negative impact from asset sales, efforts are being made to offset dilution through efficiencies and leasing upside [104][105] Question: What is the outlook for rent collection from tenants? - The CFO reported full rent collection from a key tenant for February, March, and April, indicating stability despite ongoing bankruptcy processes [62] Question: How does the company plan to utilize retained cash flow? - The CEO highlighted redevelopment opportunities as a priority for retained cash flow, aiming for higher returns on reinvested capital [115]