TKO Group Holdings (TKO) Q1 2025 Earnings Call May 08, 2025 05:00 PM ET Speaker0 Good afternoon. Thank you for attending today's TKO Q1 twenty twenty five Earnings Call. My name is Cole, and I'll be the moderator for today's call. All lines will be muted during the presentation portion of the call with an opportunity for questions and answers at the end. I'd now like to hand it over to Seth Zaslow, Head of Investor Relations. Please go ahead. Speaker1 Good afternoon, and welcome to TKO's first quarter twent ...

Financial Data and Key Metrics Changes - JBT Morell's revenue exceeded guidance by $19 million, driven by better-than-expected equipment shipments and strong recurring revenue [17] - Adjusted EBITDA margin was 13.1%, outperforming guidance by 60 basis points, attributed to volume flow-through, favorable mix, and good expense control [17] - Free cash flow for the first quarter was $18 million, including approximately $42 million in one-time M&A related payments [19] Business Line Data and Key Metrics Changes - JBT segment revenue increased by 4% year over year, or 5.6% on a constant currency basis, with adjusted EBITDA of $61 million, up 6% [18] - MRL segment revenue was flat year over year but grew 2% on a constant currency basis, with adjusted EBITDA increasing by 19% to $51 million [19] Market Data and Key Metrics Changes - Demand from the poultry industry showed a 12% year-over-year increase, continuing a recovery trend [5] - The company experienced healthy orders across diversified end markets, including meat, beverage, pharma, and pet food [5] Company Strategy and Development Direction - The company is focused on integrating its two organizations to enhance customer service and product offerings [13] - JBT Morell aims to leverage its comprehensive portfolio of solutions to support customers across the entire production value chain [15] - The company has temporarily suspended full-year financial guidance due to macroeconomic uncertainties and tariff impacts [7][21] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to manage near-term impacts from tariffs and macroeconomic uncertainties [7] - There is less visibility for the second half of the year due to potential slower economic growth and higher prices affecting customer investment decisions [8] - Management noted that approximately half of the company's revenue comes from resilient recurring revenue, which is beneficial in uncertain times [11] Other Important Information - The estimated annualized cost impact from tariffs is approximately $50 million to $60 million, or $12 million to $15 million per quarter [10] - The company expects to achieve total in-year cost synergies of $35 million to $40 million in 2025, with annual run rate savings of $80 million to $90 million by the end of the year [20] Q&A Session Summary Question: Thoughts on guidance and customer behavior changes - Management indicated that the decision to pull full-year guidance was due to lack of clarity in the environment, not significant changes in customer behavior [26][28] Question: Recurring revenue impact from tariffs - Management believes that the recurring revenue component is less likely to be impacted by tariffs, as there was strong order strength in parts before tariff visibility [34] Question: Backlog and order delays - Management clarified that the backlog was affected by foreign exchange and adjustments during the integration process, with no significant cancellations reported [45] Question: Integration and demand impact - Management stated that cost synergies can continue regardless of demand changes, but material purchasing volume could be a risk in a lower demand environment [94]

Sonoco Products Company (SON) Q1 2025 Earnings Call April 30, 2025 08:30 AM ET Company Participants Roger Schrum - Interim Head of Investor RelationsHoward Coker - President and CEOJerry Cheatham - Interim CFOGeorge Staphos - Managing DirectorMichael Roxland - MD - Equity ResearchRodger Fuller - Chief Operating Officer Conference Call Participants Mark Weintraub - Senior Analyst and Head of Business DevelopmentMatthew Roberts - Equity Research AnalystGabe Hajde - Analyst Operator Thank you. I'd now like to ...

CBIZ (CBZ) Q1 2025 Earnings Call April 24, 2025 11:00 AM ET Company Participants Lori Novickis - Director of Corporate RelationsJerry Grisko - President & Chief Executive OfficerBrad Lakhia - CFO Conference Call Participants Christopher Moore - Senior AnalystAndrew Nicholas - Equity Research AnalystMarc Riddick - Business Services Analyst Operator Good day, and welcome to the C. Biz First Quarter twenty twenty five Results Conference Call. All participants will be in listen only mode. Should you need assist ...