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AptarGroup(ATR) - 2025 Q1 - Earnings Call Transcript
2025-05-02 14:02
AptarGroup (ATR) Q1 2025 Earnings Call May 02, 2025 09:00 AM ET Company Participants Mary Skafidas - Senior VP of IR & Corporate CommunicationsStephan Tanda - President, CEO & Executive DirectorVanessa Kanu - Executive VP & CFOGeorge Staphos - Managing Director Conference Call Participants Ghansham Panjabi - Senior Research AnalystMatthew Roberts - Equity Research AnalystDaniel Rizzo - AnalystMatt Larew - Research Analyst - HealthcareGabe Hajde - Analyst Operator Ladies and gentlemen, thank you for standing ...
Plymouth Industrial REIT(PLYM) - 2025 Q1 - Earnings Call Transcript
2025-05-02 13:00
Plymouth Industrial REIT (PLYM) Q1 2025 Earnings Call May 02, 2025 09:00 AM ET Speaker0 Please note today's event is also being recorded. I would now like to turn the conference call over to John Wilfong, Investor Relations. Sir, please go ahead. Speaker1 Thank you, and good morning. Welcome to the Plymouth Industrial REIT conference call to review the company's results for the first quarter of twenty twenty five. Yesterday afternoon, we issued our earnings release and posted a copy of our prepared commenta ...
Cactus(WHD) - 2025 Q1 - Earnings Call Transcript
2025-05-01 15:02
Financial Data and Key Metrics Changes - Total Q1 revenue was $280 million, up 3% sequentially, with adjusted EBITDA of $94 million, an increase of 1.2% sequentially [9][11] - GAAP net income for Q1 was $54 million, down from $57 million in the previous quarter, primarily due to professional fees incurred at corporate [12] - Adjusted net income and earnings per share were $59 million and $0.73 per share, respectively, compared to $57 million and $0.71 per share in the fourth quarter [12] Business Line Data and Key Metrics Changes - Pressure Control segment revenues were $190 million, up 7.7% sequentially, driven by customer drilling efficiencies [9][10] - Spoolable Technologies segment revenues were $93 million, down 3.6% sequentially due to lower domestic customer activity, partially offset by increased international shipments [10][11] - Operating income for Pressure Control increased by $3.5 million or 6.9% sequentially, while Spoolable Technologies saw a decrease of $1.6 million or 6.5% sequentially [10] Market Data and Key Metrics Changes - International sales in the Spoolable Technologies segment increased by 30% quarter over quarter, driven by robust demand in Canada [22] - The company expects U.S. land drilling activity to decline slightly in the second quarter, with approximately 30 fewer land rigs operating than at the end of Q1 [20] Company Strategy and Development Direction - The company is focused on mitigating tariff impacts by increasing alternative sourcing and ramping up production from its Vietnam facility [16][17] - There is a commitment to international expansion, although no specific updates were provided during the call [26] - The company plans to reduce full-year 2025 net CapEx outlook to a range of $40 million to $50 million while maintaining critical investments [14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in maintaining profitability despite macroeconomic uncertainties and tariff impacts [27] - The company anticipates a decline in pressure control revenue in Q2 but expects spoolable technologies revenue to increase due to seasonal expansion [20][21] - Management noted that downturns historically create opportunities for new customer acquisition and that they are already seeing such opportunities [90] Other Important Information - The company paid a quarterly dividend of $0.13 per share, resulting in a cash outflow of approximately $11 million [13] - The cash balance at the end of the quarter was $348 million, reflecting a sequential increase of approximately $5 million [13] Q&A Session Summary Question: Transition to Vietnam and cost advantages - Management clarified that Bossier City is not a low-cost operation but offers fast turnaround and robust manufacturing, protecting market share [30] Question: Customer behavior regarding tariffs - Management confirmed that customers have requested to pull forward purchases, but these requests have been denied to maintain fairness among all customers [39] Question: Customer loyalty during downturns - Management indicated that major customers are sticking with the company, emphasizing the importance of supply chain sustainability [42] Question: M&A opportunities in the current environment - Management noted that private equity firms are willing to sell oil field service investments at attractive prices, but the focus remains on the current industry [46] Question: Impact of tariffs on margins - Management acknowledged that there will be some margin compression in the second half of the year due to tariffs, but diversification efforts will help mitigate impacts [68] Question: Ongoing Section 232 investigation - Management expressed that the U.S. lacks adequate steelmaking capacity, which could lead to inflationary pressures [81]
Haverty Furniture(HVT) - 2025 Q1 - Earnings Call Transcript
2025-05-01 15:02
Financial Data and Key Metrics Changes - Q1 2025 sales were $181.6 million, a decrease of 1.3% year-over-year, with comparable store sales down 4.8% [3][18] - Gross margins increased to 61.2% from 60.3%, reflecting improved product selection and merchandise mix [4][18] - Pre-tax profits rose to $5.3 million, with an operating margin of 2.9%, compared to $3.2 million and 1.7% in Q1 2024 [4][19] - Net income for Q1 2025 was $3.8 million, or $0.23 per diluted share, compared to $2.4 million, or $0.14 per share in the same quarter last year [19] Business Line Data and Key Metrics Changes - The design business accounted for approximately 33% of total business, with an average ticket of over $3,300, up about 4% [6] - The designer average ticket grew to over $7,400, an increase of over 9% [6] - Weakness was noted in dining and occasional categories, while upholstery, bedroom, and mattress categories performed in line with expectations [6] Market Data and Key Metrics Changes - Written sales were down 2.6% with comparable sales down 6.3% [3] - Sales for Presidents' Day were disappointing, down roughly 10% over the two-week period [5] - Traffic softened but remained positive in the low single digits, with conversion rates stabilizing and showing some improvement compared to last year [5] Company Strategy and Development Direction - The company plans to roll out a new point of purchase and tagging program to enhance the in-store customer experience [7] - The strategy includes increasing inventories of best-selling products to mitigate supply chain disruptions due to tariffs [11][12] - The company aims to open five new stores annually, with a cautious approach based on current market conditions [13][14] Management's Comments on Operating Environment and Future Outlook - Management expressed satisfaction with Q1 results despite challenges such as housing market lows, high interest rates, and declining consumer confidence [4][16] - The company is well-positioned to navigate challenges due to its strong brand, debt-free balance sheet, and customer focus [17] - Future guidance includes expectations for gross margins between 60% and 60.5% for 2025, factoring in current tariffs [21][22] Other Important Information - Inventory levels increased by approximately $5 million or about 6% since year-end 2024 [11] - The company has no funded debt and ended Q1 with $111.9 million in cash and cash equivalents [20] - CapEx for Q1 2025 was $6.1 million, with a planned reduction to $24 million for the year due to tariff uncertainties [22] Q&A Session Summary Question: Impact of winter storms on business - Management noted that January was down almost 2% in written business, February down about 5%, and March was flat, with multiple storms impacting operations [26][27][28] Question: Price increases due to tariffs - Management confirmed targeted price increases will be implemented, but they expect minimal impact on consumers due to supplier cooperation [31][32] Question: Changes in competition - Management observed aggressive promotions from competitors but did not believe promotional activity was the primary issue affecting sales [34][35] Question: Reduction in CapEx guidance - Management explained the $3 million reduction in CapEx was due to tariff uncertainties, leading to a cautious approach on store expansion [36][37] Question: Performance of new stores - Management expressed satisfaction with new store performance, noting they leverage existing distribution networks and initial traffic has been good [47][48]
Leonardo DRS(DRS) - 2025 Q1 - Earnings Call Transcript
2025-05-01 15:02
Leonardo DRS (DRS) Q1 2025 Earnings Call May 01, 2025 10:00 AM ET Company Participants Stephen Vather - Vice President of Investor Relations & Corporate FinanceWilliam Lynn - Chairman & CEOMichael Dippold - Executive VP & CFOMichael Ciarmoli - Managing Director - Aerospace & Defense Equity ResearchAlex Ladd - Equity Research AssociateJon Tanwanteng - Managing DirectorMariana Pérez Mora - DirectorAndre Madrid - VP - Equity ResearchKarl Oehlschlaeger - Vice PresidentJan-Frans Engelbrecht - Senior Equity Resea ...
DSG(DSGR) - 2025 Q1 - Earnings Call Transcript
2025-05-01 14:02
Distribution Solutions Group (DSGR) Q1 2025 Earnings Call May 01, 2025 09:00 AM ET Company Participants Steven Hooser - Partner, Senior MD & President - IDEAS ConferencesJ. Bryan King - Chairman & CEORon Knutson - EVP & CFOTommy Moll - Managing DirectorKevin Steinke - Managing DirectorBrad Hathaway - Managing Partner Conference Call Participants Katie Fleischer - Associate Analyst - Equity Research Operator and welcome to the Distribution Solutions Group First Quarter twenty twenty five Earnings Conference ...
NACCO Industries(NC) - 2025 Q1 - Earnings Call Transcript
2025-05-01 13:32
Financial Data and Key Metrics Changes - Consolidated operating profit increased over 60% year-over-year, with net income rising by 7% and EBITDA increasing by 14% [5][12][13] - Operating profit for the first quarter of 2025 was $7,700,000 compared to $4,800,000 in the first quarter of 2024, while net income rose to $4,900,000 from $4,600,000 [12][14] Business Line Data and Key Metrics Changes - The Coal Mining segment saw operating profit rise to $3,800,000 from an operating loss of $400,000 in the prior year, with segment adjusted EBITDA increasing to $5,800,000 from $1,800,000 [14] - North American Mining's operating profit decreased to $2,000,000 from $2,400,000, while segment adjusted EBITDA remained comparable at $4,700,000 [15][16] - Minerals Management's operating profit was stable at $7,900,000, with adjusted EBITDA increasing to $9,800,000 from $8,900,000 [16] Market Data and Key Metrics Changes - The coal mining segment is expected to see a modest increase in deliveries in 2025 due to improved customer demand and the absence of temporary price concessions [16][17] - North American Mining is projected to improve results in 2025, with anticipated performance gains in the second half of the year [17][18] Company Strategy and Development Direction - The company is optimistic about the regulatory environment for fossil fuels, which is expected to support growth in coal, oil, and natural gas sectors [7][45] - The company is focusing on expanding its portfolio in the Minerals Management segment, with a budget of up to $20,000,000 annually for investments [11][18] - The company is exploring solar initiatives, particularly on reclaimed mine land, to leverage its existing assets [94][97] Management's Comments on Operating Environment and Future Outlook - Management views 2025 as a pivotal transition year, with expectations for continued improvement across all business segments [12] - The company anticipates a moderate year-over-year increase in consolidated operating profit, despite some expected challenges in the coal mining segment [16][19] Other Important Information - The company has consolidated cash of approximately $62,000,000 and debt of $96,000,000 as of March 31, 2025 [20] - A significant noncash settlement charge is anticipated upon the termination of the defined benefit pension plan, which will impact net income [19] Q&A Session Summary Question: Can you explain the recurring inventory charges in Mississippi Lignite? - Management explained that inventory impairment is due to high-cost coal from inefficiencies last year and a lower adjustment in price based on a long-standing contract formula [25][28] Question: What are the practical implications of a more favorable regulatory environment? - Management noted that the current administration is focused on developing U.S. resources, including coal, and has signed executive orders to support the fossil fuel industry [44][45] Question: Is there seasonality in North American Mining? - Management indicated that there is little seasonality in North American Mining, with operations primarily in Southern states [48] Question: What is the status of the asset held for sale? - Management confirmed that the asset consists of draglines and a building in North Dakota, which are actively being marketed [69][70] Question: How does the mitigation resources business operate? - Management described the mitigation resources business as lumpy, with periodic credit releases based on the lifecycle of mitigation banks [71][75]
Carriage Services(CSV) - 2025 Q1 - Earnings Call Transcript
2025-05-01 13:00
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]
DSG(DSGR) - 2025 Q1 - Earnings Call Transcript
2025-05-01 13:00
Distribution Solutions Group (DSGR) Q1 2025 Earnings Call May 01, 2025 09:00 AM ET Speaker0 and welcome to the Distribution Solutions Group First Quarter twenty twenty five Earnings Conference Call. At this time, all participants are in a listen only mode and a question and answer session will follow the formal presentation. Please note, this conference is being recorded. I will now turn the conference over to your host, Mr. Stephen Hoosier of Investor Relations. Sir, you may begin. Speaker1 Good morning, a ...
Harley-Davidson(HOG) - 2025 Q1 - Earnings Call Presentation
2025-05-01 12:49
▪ Jochen Zeitz, Chairman, President and CEO ▪ Jonathan Root, Chief Financial Officer and President, Commercial ▪ Karim Donnez, CEO – LiveWire (NYSE: LVWR) ▪ Shawn Collins, Director Investor Relations Q1 2025 PERFORMANCE HEADLINES 3 ▪ Delivered diluted EPS of $1.07 ▪ HDMC operating income margin of 10.8 percent ▪ HDFS operating income margin of 26.1 percent ▪ Global motorcycle retail sales down 21 percent year-over-year, driven by a volatile macro environment and overall consumer uncertainty ▪ HDMC revenue d ...