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Inotiv (NOTV) 2025 Conference Transcript
2025-06-04 20:45
Inotiv (NOTV) 2025 Conference June 04, 2025 03:45 PM ET Speaker0 Okay. Okay. Alright. Hi. Good afternoon. I'm Dave Windley with Jefferies Healthcare Equity Research, CRO coverage. Thanks so much for attending or listening to our twenty twenty five Healthcare Conference here in New York. Our next presenting company is Innative. NOTV is the ticker and the company's CEO is here with us. Bob Leisure, Beth Taylor here in front of me in the audience. The company's CFO is also along with. So Bob, we just said this ...
Air Industries (AIRI) - 2025 Q1 - Earnings Call Transcript
2025-05-15 21:17
Air Industries Group (AIRI) Q1 2025 Earnings Call May 15, 2025 04:15 PM ET Company Participants Luciano Melluzzo - President & CEOScott Glassman - CFO, Principal Accounting Officer & Secretary Conference Call Participants Howard Halpern - Principal Equity Analyst Operator Hello, and welcome to Air Industries Group First Quarter of twenty twenty five Earnings Conference Call. At this time, all participants are in a listen only mode. The question and answer session will follow the formal presentation. Please ...
Air Industries (AIRI) - 2025 Q1 - Earnings Call Transcript
2025-05-15 21:15
Financial Data and Key Metrics Changes - Consolidated net sales for Q1 2025 were $12.1 million, down from $14.1 million in Q1 2024, indicating a decrease in sales [11] - Gross profit increased to approximately $2 million from $1.9 million in the previous year, with a gross margin percentage of 16.8%, up 320 basis points compared to Q1 2024 [11][12] - Operating loss increased to $746,000 in Q1 2025 from a loss of $259,000 in Q1 2024 [13] - Net loss for Q1 2025 was $988,000 or $0.27 per share, compared to a loss of $706,000 or $0.21 per share in Q1 2024 [13] - Adjusted EBITDA for Q1 2025 increased to $576,000, a rise of $214,000 or nearly 60% compared to Q1 2024 [13] Business Line Data and Key Metrics Changes - The company reported an increase in operational efficiency, achieving higher gross profit on lower sales [4][5] - The book-to-bill ratio was 1.34, reflecting a 20% improvement from the prior year and an 80% increase since Q1 2023, indicating a healthy business development effort [7][8] Market Data and Key Metrics Changes - Funded backlog reached a record $120 million, with total backlog exceeding $2.5 billion, both achieved during 2024 [8] - Raw material lead times have increased significantly, with current lead times ranging from nine to fifteen months [9] Company Strategy and Development Direction - The company is focusing on aggressive business development efforts, including participation in the Paris Air Show to onboard new customers [6] - The management is optimistic about future sales growth, supported by a strong backlog and improved bookings [8] Management's Comments on Operating Environment and Future Outlook - Management believes that the impact of tariffs on imports will be muted and does not expect significant benefits from the proposed increase in defense spending [15] - The company reaffirms its belief that full-year results for 2025 will exceed those of 2024, despite quarterly variations [16] Other Important Information - Total debt has been reduced by approximately $1.6 million, while accounts receivable decreased by over $2 million due to timing of sales and collections [14] Q&A Session Summary Question: Clarity on first quarter revenue and trends for the second quarter - Management indicated that the revenue decline was primarily due to long lead times and timing of purchase orders, but they are seeing an easing in acquiring materials [19][20] Question: Customer hesitation due to economic conditions - Management confirmed there is no hesitation from customers regarding ongoing programs, and they expect to meet delivery expectations [24][25] Question: Specific new customers targeted at the Paris Air Show - The company has scheduled meetings with large overseas manufacturers and is targeting customers in the electric vehicle sector [28][29] Question: Was the stock-based compensation a one-time event? - Management indicated that the stock-based compensation expense is likely to be lower in future quarters [30]
Fortrea (FTRE) - 2024 Q4 - Earnings Call Transcript
2025-03-03 15:00
Fortrea Holdings (FTRE) Q4 2024 Earnings Call March 03, 2025 09:00 AM ET Company Participants Hima Inguva - Head of Investor Relations & Corporate DevelopmentThomas Pike - CEO, President & ChairmanJill McConnell - Chief Financial OfficerPatrick Donnelly - Managing DirectorDavid Windley - Managing DirectorCharles Rhyee - Managing DirectorMichael Ryskin - Managing Director Conference Call Participants Justin Bowers - AnalystElizabeth Anderson - Senior Managing Director & Research AnalystLuke Sergott - Analyst ...