Ultralife (ULBI) Q1 2025 Earnings Call May 09, 2025 10:00 AM ET Speaker0 Good day, and thank you for standing by. Welcome to the Ultralife Corporation First Quarter twenty twenty five Results. At this time, all participants are in listen only mode. After the speakers' presentation, there will be a question and answer session. To ask a question during the session, you will need to press 11 on your telephone. You will then hear automated message by viewing your hand is raised. To withdraw your question, pleas ...

Fidus Investment (FDUS) Q1 2025 Earnings Call May 09, 2025 09:00 AM ET Company Participants Jody Burfening - IREdward Ross - Chairman & CEOShelby Sherard - Chief Financial OfficerMickey Schleien - MD - Equity Research Conference Call Participants Robert Dodd - AnalystSean-Paul Adams - Equity Research Analyst Operator Good day, and welcome to the Fidus First Quarter twenty twenty five Earnings Conference Call. All participants will be in a listen only mode. After today's presentation, there will be an opport ...

Varex Imaging (VREX) Q2 2025 Earnings Call May 08, 2025 05:00 PM ET Company Participants Christopher Belfiore - Director-Investor RelationsSunny Sanyal - President & Chief Executive OfficerShubham Maheshwari - Chief Financial OfficerYoung Li - Senior VP - Equity ResearchShaymus Contorno - Equity Research AssociateBrandon Carney - Senior Research Associate Conference Call Participants Larry Solow - Partner & Managing director - Equity AnalystAlex Hantman - AnalystSaurabh Prasad - Senior Credit Analyst Operat ...

Varex Imaging (VREX) Q2 2025 Earnings Call May 08, 2025 05:00 PM ET Speaker0 and welcome to the Verix Q2 Fiscal Year twenty twenty five Call. At this time, all participants are in a listen only mode. A question and answer session will follow the formal presentation. As a reminder, this conference is being recorded. It is now my pleasure to introduce you to your host Chris Balfour, Director of Investor Relations. Thank you, Chris. You may begin. Speaker1 Good afternoon and welcome to Verix Imaging Corporatio ...

Core Viewpoint - Koss Corporation reported a slight increase in net sales for the third quarter of fiscal year 2025, but continued to experience net losses, highlighting challenges in certain market segments and the impact of external factors such as tariffs on product costs [2][4]. Financial Performance - Net sales for the three months ended March 31, 2025, were $2,781,006, an increase of $143,400, or 5.4%, compared to $2,637,606 for the same period in the prior year [2]. - For the nine months ended March 31, 2025, net sales reached $9,539,960, reflecting an increase of $168,292, or 1.8%, over the prior year's $9,371,668 [3]. - The net loss for the third quarter of fiscal year 2025 was $316,742, slightly higher than the net loss of $313,780 for the same quarter in the previous year [2]. - The net loss for the nine months ended March 31, 2025, was $642,135, showing improvement compared to a net loss of $840,542 for the same period in the prior year [3]. Sales and Market Dynamics - A significant increase in sales to distributors in Europe and Asia, driven by new product success, was a key factor in the overall sales improvement for the fiscal year-to-date [4]. - Direct-to-consumer (DTC) sales contributed to sales growth, but a nearly 60% drop in sales to the education markets due to project postponements and lower domestic distributor sales offset some of the gains [4]. Margin and Cost Analysis - Margin improvement of over 600 basis points during the first nine months of fiscal year 2025 was attributed to the adverse impact on prior year's margins from higher transit costs [4]. - The write-off of obsolete products during the current year partially offset margin gains [4]. Strategic Considerations - The company is closely monitoring recent tariff announcements that could significantly impact product costs, particularly since a substantial portion of its products are sourced from China [4]. - A strategic response is being developed to mitigate potential adverse effects on operations and financial condition [4].

Financial Data and Key Metrics Changes - For Q1 2025, the company reported revenue of $210.5 million, a decrease of 17.3% compared to Q1 2024 [8][12] - Adjusted EBITDA for the quarter was $38.4 million, down 42.1% year-over-year, resulting in an adjusted EBITDA margin of 18.2%, a decrease of approximately 790 basis points from the prior year [15] - Adjusted net income was $17.7 million, a decrease of 51.6% from the previous year, with adjusted EPS at $0.13 [16] Business Line Data and Key Metrics Changes - The self-storage segment saw a revenue decline of 23.1%, attributed to decreased volume due to economic uncertainty [8][12] - New construction revenues decreased by 25.5%, primarily due to project delays linked to high interest rates [12] - The R3 segment experienced a revenue increase of 19.3%, driven by door replacement and renovation activities, despite a nearly 50% decrease in retail big box conversions [12][13] Market Data and Key Metrics Changes - The international segment's revenues increased by $6.5 million, or 44.2%, compared to the prior year, due to normalizing market conditions following a recession in the UK [13] - The commercial and other sales channel experienced a 1% decline, primarily due to softness in the rolling sheet door market, partially offset by contributions from the TMC acquisition [8][12] Company Strategy and Development Direction - The company is focused on operational excellence and disciplined capital allocation while investing for long-term success [6][7] - A cost reduction plan is in place, expected to yield annual pre-tax savings of $10 million to $12 million by the end of 2025 [9][15] - The company anticipates a shift in customer focus towards optimizing and upgrading existing properties rather than new construction [17][18] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the underlying demand for self-storage solutions despite current market volatility [9][11] - The company expects to see strengthening results in the latter half of 2025, with a reaffirmation of full-year revenue guidance between $860 million and $890 million [17][18] - Management noted that the current tariff environment is manageable, with estimated impacts in the low single-digit millions for 2025 [10][11] Other Important Information - The company generated cash from operating activities of $48.3 million and free cash flow of $41.9 million in the quarter, representing a free cash flow conversion of 170% of adjusted net income [16] - The company repurchased 600,000 shares for $5.1 million during the quarter, with $16.3 million remaining on its share repurchase authorization [10][17] Q&A Session Summary Question: What is the latest on project delays and order activity in the pipeline? - Management noted that projects are moving through the pipeline, with steady small growth in both backlog and pipeline [25][27] Question: How is pricing expected to change given steel inflation and tariffs? - Management indicated that pricing would blend into the year, with Q1 not as impacted due to existing inventory [28][29] Question: What is the expected cadence of cost savings from structural reductions? - The company expects to reach a full run rate for cost savings by the end of Q2, with various initiatives in place to drive these savings [52] Question: How is the R3 segment performing and what are the expectations for retail conversions? - Management observed incremental increases in R3 projects and expects retail conversions to stabilize [39][40] Question: Are there signs of stabilization in the commercial segment? - Management confirmed stabilization in the commercial segment, with growth in certain product lines [46] Question: Are there more project starts moving forward or cancellations? - Management reported an increase in project starts, with no unusual cancellations noted [48]

Janus International Group (JBI) Q1 2025 Earnings Call May 08, 2025 10:00 AM ET Speaker0 Hello, and welcome to the Janus International Group First Quarter twenty twenty five Earnings Conference Call. Currently, all participants are in a listen only mode. A question and answer session will follow the formal presentation. As a reminder, this conference is being recorded. I would now like to turn the call over to your host, Ms. Sarah Masiach, Senior Director, Investor Relations of Janus. Thank you. You may begi ...

Valvoline (VVV) Q2 2025 Earnings Call May 08, 2025 09:00 AM ET Company Participants Elizabeth Clevinger - Investor RelationsLori Flees - CEO, President & DirectorMary Meixelsperger - Chief Financial OfficerSteven Shemesh - Director, Equity Research - U.S. Hardlines/Broadlines, Food Retail & E-CommerceMax Rakhlenko - Managing DirectorAriana Warden - Equity Research Associate - ConsumerMark Jordan - Vice President - Equity ResearchChris O’Cull - Managing Director - Restaurants, Franchised BusinessesDavid Lant ...

Vital Farms (VITL) Q1 2025 Earnings Call May 08, 2025 08:30 AM ET Company Participants John Mills - Managing PartnerRussell Diez-Canseco - President & Chief Executive OfficerThilo Wrede - Chief Financial OfficerRobert Moskow - Managing Director Matthew Smith - Director - Food & TobaccoBenjamin Mayhew - Vice President - Equity ResearchMegan Clapp - Executive Director Conference Call Participants Jon Andersen - Equity Research Analyst - ConsumerBen Klieve - Senior Research AnalystEric Des Lauriers - Senior Re ...

Vital Farms (VITL) Q1 2025 Earnings Call May 08, 2025 08:30 AM ET Speaker0 Good day, and thank you for standing by. Welcome to the Vital Farms First Quarter twenty twenty five Earnings Conference Call. At this time, all participants are in a listen only mode. After the speakers' presentation, there will be a question and answer session. Please be advised that today's conference is being recorded. I would now like to hand it over to your host, John Mills with ICR. Speaker1 Good morning and welcome to Vital F ...