Core Insights - Taylor Morrison Home Corporation emphasizes its competitive advantage through a strong consumer focus, which has led to recognition as America's most trusted builder for eleven consecutive years and inclusion in Fortune's most admired companies list [1] - The company has effectively navigated a challenging market characterized by lower consumer confidence and increased competition by leveraging its diverse operating model and broad consumer reach [2] Financial Performance - In 2025, the company reported a net income of $783 million, or $7.77 per diluted share, with an adjusted net income of $830 million, or $8.24 per diluted share [23] - The fourth-quarter results included a net income of $174 million, or $1.76 per diluted share, and an adjusted net income of $188 million, or $1.91 per diluted share [23] - The company achieved a 13% return on equity and a 14% growth in book value per share, supported by $381 million in share repurchases [3] Sales and Orders - In the fourth quarter, net orders totaled 2,499 homes, down 5% year-over-year, with a monthly absorption pace of 2.4 homes per community [24] - The company delivered 12,997 homes in 2025, generating approximately $7.8 billion in home closings revenue, with an average closing price of $597,000 [26] - The sales mix included 31% entry-level, 49% move-up, and 20% resort lifestyle buyers, with strong sales in Florida, California, and Phoenix [7] Market Conditions and Strategy - The company anticipates a solid year in 2026, focusing on new community openings, with over 100 new outlets planned, including more than 20 Esplanade communities [9][10] - Inventory management remains a priority, with a 24% reduction in spec home inventory since 2025, although nearly 3,000 unsold homes remain [11] - The company is shifting focus away from non-core submarkets to concentrate on move-up and resort lifestyle segments, which are expected to yield higher returns [13][14] Operational Efficiency - The company has improved construction cycle times, allowing for greater production flexibility and the ability to start homes later in the year while still closing by year-end [10] - The SG&A ratio was 9.5% for the full year, reflecting a 40 basis-point improvement compared to 2024, driven by lower payroll-related costs and efficiencies from digital tools [30] Future Outlook - The company expects to deliver around 11,000 homes in 2026, with an average closing price projected between $580,000 and $590,000 [27] - Gross margins are expected to improve gradually throughout the year, driven by an increase in the share of to-be-built home deliveries [29] - The company maintains a strong liquidity position of approximately $1.8 billion, including $850 million in unrestricted cash [32]

Crown Crafts (NasdaqCM:CRWS) Q3 2026 Earnings call February 11, 2026 09:00 AM ET Speaker5Please note this event is being recorded. I would now like to turn the conference over to John McNamara with Three Part Advisors. Please go ahead.Speaker7Thank you. Good morning, everyone, and thank you again for joining the Crown Crafts Fiscal Year 2026 Third Quarter Conference Call. With us on the call this morning are Crown Crafts President and Chief Executive Officer Olivia Elliott and Vice President and Chief Finan ...

We plan to continue these interventions with discipline, as we work to optimize retail inventory, positioning the business and our dealer network for more sustainable performance going forward. That said, we're encouraged by the early green shoots we're seeing. Our immediate priorities are both straightforward and deliberate. First, we believe we are stabilizing the business by restoring dealer confidence and aligning wholesale activity with retail demand. Second, we are finalizing a strategy that we believ ...

LiveWire Group (NYSE:LVWR) Q4 2025 Earnings call February 10, 2026 09:00 AM ET Company ParticipantsArtie Starrs - CEOJonathan Root - CFOShawn Collins - Director of Investor RelationsConference Call ParticipantsBrandon Rolle - AnalystCraig R. Kennison - AnalystJaime M. Katz - AnalystNoah Zatzkin - AnalystRobin Margaret Farley - AnalystTristan Thomas - AnalystOperatorThank you for standing by, and welcome to the Harley-Davidson 2025 fourth quarter investor and analyst conference call. Please be advised that t ...

LiveWire Group (NYSE:LVWR) Q4 2025 Earnings call February 10, 2026 09:00 AM ET Company ParticipantsArtie Starrs - CEOJonathan Root - CFOShawn Collins - Director of Investor RelationsConference Call ParticipantsBrandon Rolle - AnalystCraig R. Kennison - AnalystJaime M. Katz - AnalystJames Hardiman - AnalystNoah Zatzkin - AnalystRobin Margaret Farley - AnalystTristan Thomas - AnalystOperatorThank you for standing by, and welcome to the Harley-Davidson 2025 Q4 investor and analyst conference call. Please be ad ...

Harley-Davidson (NYSE:HOG) Q4 2025 Earnings call February 10, 2026 09:00 AM ET Company ParticipantsArtie Starrs - President and CEOJonathan Root - CFOShawn Collins - Director of Investor RelationsConference Call ParticipantsBrandon Rolle - Equity Research AnalystCraig Kennison - Senior Research AnalystJaime Katz - Senior Equity Research AnalystJames Hardiman - Equity Research AnalystNoah Zatzkin - Equity Research AnalystRobin Farley - Equity Research AnalystTristan Thomas-Martin - Equity Research AnalystOpe ...

Harley-Davidson (NYSE:HOG) Q4 2025 Earnings call February 10, 2026 09:00 AM ET Company ParticipantsArtie Starrs - President and CEOJonathan Root - CFOShawn Collins - Director of Investor RelationsConference Call ParticipantsBrandon Rolle - Equity Research AnalystCraig Kennison - Senior Research AnalystJaime Katz - Senior Equity Research AnalystJames Hardiman - Equity Research AnalystNoah Zatzkin - Equity Research AnalystRobin Farley - Equity Research AnalystTristan Thomas-Martin - Equity Research AnalystOpe ...

Harley-Davidson (NYSE:HOG) Q4 2025 Earnings call February 10, 2026 09:00 AM ET Speaker4Thank you for standing by, and welcome to the Harley-Davidson 2025 fourth-quarter investor and analyst conference call. Please be advised that today's conference is being recorded. I would now like to hand the conference over to Shawn Collins. Thank you. Please go ahead.Speaker6Thank you. Good morning. This is Shawn Collins, the Director of Investor Relations at Harley-Davidson. You can access the slides supporting today' ...

Core Insights - MasterCraft Boat reported fiscal second-quarter 2026 results that exceeded internal expectations, with consolidated net sales of $71.8 million, up 13.2% year-over-year, and a gross margin improvement to 21.6% [4][7][8] Financial Performance - Operating expenses increased to $12.8 million, up $2.1 million from the prior year, due to costs associated with a new ERP system, business development, and higher selling and marketing costs [1] - Adjusted net income was $4.7 million, or $0.29 per diluted share, compared to $1.7 million, or $0.10 per share, a year earlier [8] - Adjusted EBITDA rose to $7.5 million, up from $3.5 million last year, with an adjusted EBITDA margin improvement to 10.4% from 5.6% [8] Inventory and Demand - Pipeline inventory levels improved by approximately 25% year-over-year, with management maintaining a full-year assumption of a 5% to 10% decline in retail demand [9][10] - The company is entering the spring selling season with "right-sized" dealer inventories and a focus on innovation and cost efficiencies [3] Strategic Initiatives - MasterCraft announced a definitive agreement to combine with Marine Products Corporation, which is expected to broaden its brand portfolio and dealer footprint [4][6] - The transaction is valued at $232.2 million, with Marine Products shareholders receiving 0.232 shares of MasterCraft stock plus $2.43 in cash per share [6][18] - The combined company is expected to achieve approximately $6 million in annual cost savings and be accretive to adjusted EPS in fiscal 2027 [21] Future Guidance - Management raised full-year guidance for fiscal 2026 to $300–$310 million in sales, $36–$39 million in adjusted EBITDA, and $1.45–$1.60 in adjusted EPS, excluding the Marine Products deal [7][15] - For the fiscal third quarter of 2026, net sales are expected to be approximately $75 million, with adjusted EBITDA around $9 million and adjusted EPS of approximately $0.35 [15] Brand and Product Development - The MasterCraft brand is supported by premium products with higher margins, with new models like the X24, XStar, and the all-new X22 enhancing the product mix [12] - In the pontoon segment, operational improvements and new product introductions, such as the Halo model from the luxury brand Balise, are being emphasized [13][14]

Financial Data and Key Metrics Changes - For Q1 2026, the company reported a net income of $0.43, a significant improvement from a net loss of $0.57 in the same period last year [4] - Adjusted EBITDA doubled to $65 million, and the leverage ratio improved to 3.6 times, down from 5.3 times year-over-year [4][20] - The midpoint of the full-year adjusted EBITDA guidance was raised to $224 million, reflecting solid results in the salt business [4] Business Line Data and Key Metrics Changes - In the salt segment, operating earnings improved to $14.33 per ton, up 22% year-over-year, with total salt volumes increasing by 37% [17] - The plant nutrition segment saw operating earnings increase by approximately $9 million, with adjusted EBITDA improving by $8 million despite a decrease in sales volume [18][19] - The average SOP sales price rose by 13% to $687 per ton, while product costs per ton declined by 2% [19] Market Data and Key Metrics Changes - The salt market is currently tight due to steady winter weather, with significant increases in sales volumes for highway de-icing and C&I parts of the business [5][18] - Highway de-icing volumes increased by 43% year-over-year, while C&I volumes rose by 14% [17] - The company anticipates that the tight market conditions will continue if winter weather remains favorable [26] Company Strategy and Development Direction - The company is focused on a "Back-to-Basics" strategy initiated in 2024, aimed at aligning operations with market demand and managing inventories effectively [8][14] - Future capital projects, including upgrades to the dryer compaction plant at Ogden, are expected to enhance operational efficiency and financial performance [14] - The company is committed to improving operational efficiencies, reducing capital intensity, and maximizing cash flow generation [14][15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's progress, highlighting the positive momentum in both the salt and plant nutrition segments [15][43] - The company is focused on building resilience and flexibility to thrive in the long term, with ongoing improvements in financial health and operational performance [15][43] - Management acknowledged challenges related to production costs and logistics but remains optimistic about future performance [32][35] Other Important Information - The company announced the sale of its Wynyard SOP operation for $30.8 million, which is expected to allow for a greater focus on the North American SOP market [12][13] - The balance sheet continues to improve, with liquidity of $342 million at the end of the quarter [20] Q&A Session Summary Question: Is the salt market well supplied for the strong winter, or are imports needed? - Management indicated that the market is tight due to winter conditions, and while imports could be considered, the lead time for supply makes it challenging [25][26] Question: How are the plans progressing for the new mill at Goderich? - Management outlined three projects associated with the new mill, with ongoing engineering and value engineering stages [27][28] Question: What is driving up logistics costs despite higher volumes? - Management explained that logistics costs are influenced by inflationary pressures and the need to ship salt over longer distances to meet demand [31][33] Question: How is the tax situation evolving for the company? - Management discussed the impact of the Ontario mining tax settlement and the complexities of the tax situation, indicating it is still early in the year to determine cash tax implications [36][39]