Ferrari (NYSE:RACE) Q4 2025 Earnings call February 10, 2026 09:00 AM ET Company ParticipantsAntonio Picca Piccon - CFOBenedetto Vigna - CEOHenning Cosman - Head of Automotive ResearchHorst Schneider - Head of European Automotive ResearchNicoletta Russo - Head of Investor RelationsThomas Besson - Head of Automotive ResearchConference Call ParticipantsAndrea Balloni - AnalystAnthony Dick - Equity Research AnalystChristian Frenes - Equity Research AnalystEdouard Aubin - Managing Director and Senior Equity Anal ...

Ferrari (NYSE:RACE) Q4 2025 Earnings call February 10, 2026 09:00 AM ET Company ParticipantsAntonio Picca Piccon - CFOBenedetto Vigna - CEOHenning Cosman - Head of Automotive ResearchHorst Schneider - Head of European Automotive ResearchNicoletta Russo - Head of Investor RelationsThomas Besson - Head of Automotive ResearchConference Call ParticipantsAndrea Balloni - AnalystAnthony Dick - Equity Research AnalystChristian Frenes - Equity Research AnalystEdouard Aubin - Managing Director and Senior Equity Anal ...

Ferrari (NYSE:RACE) Q4 2025 Earnings call February 10, 2026 09:00 AM ET Speaker17Good day, and thank you for standing by. Welcome to the Ferrari 2025 full year results conference call and webcast. At this time, all participants are in listen-only mode. After the speaker's presentation, there will be the question and answer session. To ask a question during the session, you need to press star one one on your telephone keypad. You will then hear an automatic message advising your hand is raised. To withdraw y ...

Universal (NYSE:UVV) Q3 2026 Earnings call February 09, 2026 05:00 PM ET Company ParticipantsJohan Kroner - CFOPreston Wigner - Chairman, President, and CEOWushuang Ma - VP and TreasurerConference Call ParticipantsAnn Gurkin - SVP and Equity Research AnalystDaniel Harriman - Equity Research AnalystOperatorStanding by. My name is Jordan, and I'll be your conference operator today. At this time, I'd like to welcome everyone to the Universal Corporation Third Quarter Fiscal Year 2026 Earnings Call. All lines h ...

Key Takeaways Interactive Brokers shares gained 31.9% in a year, outperforming the industry and the S&P 500 index.IBKR's technology platform kept compensation costs low, driving a 22.8% revenue CAGR since 2020.IBKR expanded products, global market access and dividends, including a four-for-one stock split.Interactive Brokers Group, Inc.’s (IBKR) shares have jumped 31.9%  in the past year, outperforming the industry’s 25.4% growth and the S&P 500 index’s 16.7% rise. In the same time frame, IBKR’s peers, Robi ...

Industry Overview - The Zacks Beverages – Alcohol industry is facing pressure due to inflation impacting labor, transportation, and raw material costs, leading to compressed margins and profitability challenges [1][5][6] - Tariffs on imports are further complicating the U.S. beverage alcohol market by increasing prices for imported brands, which may soften consumer demand and strain supply chains [1][7] Growth Opportunities - Despite the challenges, the industry is experiencing growth through premiumization, with consumers favoring higher-quality and distinctive offerings [2][8] - Categories such as ready-to-drink spirits, canned wines, hard seltzers, and flavored malt beverages are gaining traction among younger consumers and established drinkers [2][8] Company Strategies - Leading companies like Anheuser-Busch InBev, Constellation Brands, Brown-Forman, and Boston Beer are investing in innovation and premium brand positioning to capitalize on market trends [3][21][25][29] - These companies are diversifying their portfolios to include ready-to-drink options and other premium products, enhancing their relevance and growth potential [22][26][30][34] Financial Performance - The Zacks Beverages – Alcohol industry has collectively returned 10.6% over the past year, outperforming the Zacks Consumer Staples sector's 4.2% but underperforming the S&P 500's 17.2% [13] - The industry is currently trading at a forward P/E ratio of 15.31X, lower than the S&P 500's 23.37X and the sector's 17.23X, indicating potential valuation opportunities [16] Company-Specific Insights - **Anheuser-Busch InBev**: Focused on premiumization and expanding its Beyond Beer portfolio, with a projected sales growth of 6.2% and earnings growth of 13.6% for 2026 [21][22] - **Constellation Brands**: Emphasizing brand building and innovation, with a focus on premium products, although projected earnings for fiscal 2026 suggest declines of 10.7% [25][26] - **Brown-Forman**: Concentrating on premium spirits and emerging markets, with a focus on disciplined pricing and innovation, although projected earnings for fiscal 2026 indicate declines of 3.3% [29][30] - **Boston Beer**: Largest premium craft brewer in the U.S., focusing on product innovation and expansion into non-beer categories, with projected earnings growth of 19.5% for 2026 [33][34]

Core Insights - Crocs, Inc. (CROX) is facing a moderation in demand, especially in North America, due to a bifurcated consumer environment where affluent shoppers continue to buy premium brands while more cautious consumers focus on essential spending [1] - The company is implementing strategic initiatives to regain momentum, including reducing promotions and aligning inventory with demand [2][9] Group 1: Brand Strategy - Crocs has reduced promotions in North America to protect its brand's iconic status and long-term pricing integrity, particularly affecting the Classic Clog category [2] - The company is also decreasing wholesale receipts to better match inventory with demand, aiming for a more disciplined operating model [2] Group 2: HEYDUDE Brand Focus - For the HEYDUDE brand, Crocs is working to improve channel inventory conditions by accelerating product returns and increasing markdown allowances to retail partners [3] - These actions, while negatively impacting third-quarter revenue, are intended to stabilize the channel and position the brand for future recovery [3] Group 3: Future Growth Plans - Crocs plans to expand its product offerings with new introductions, including the Echo 2.0 clog, to enhance brand affinity and support long-term growth [4] - The company anticipates low double-digit international growth in the fourth quarter, which will contribute to the overall growth outlook [4] Group 4: Financial Performance - Crocs' shares have declined by 20.6% over the past six months, compared to a 7.6% decline in the industry [7] - The forward price-to-earnings ratio for CROX is 6.83X, significantly lower than the industry average of 16.4X [8] - The Zacks Consensus Estimate indicates a year-over-year earnings decline of 7.9% for the current year, with a projected growth of 3.9% for the next year [11]

Core Viewpoint - Rockwell Medical, Inc. reported strong preliminary financial results for Q4 2025, indicating a positive trajectory towards profitability and long-term stability [1][3]. Financial Performance - Q4 2025 sales are expected to reach approximately $18.6 million, surpassing the Street consensus estimate of $16.55 million [1]. - Full-year revenue for 2025 is projected to be around $69.5 million [1]. - The company anticipates a gross margin of about 22% for Q4 2025, an increase from 14% in Q3 2025 [1]. Operational Highlights - Rockwell Medical achieved adjusted EBITDA positivity and generated positive operating cash flow of roughly $2.3 million during the quarter [2]. - The company expects to have cash, cash equivalents, and available-for-sale investments totaling about $25 million at year-end [2]. Strategic Outlook - Management emphasizes a focus on sales growth, improved profitability, and product diversification as part of its long-term strategy for 2026 [3]. Stock Performance - Rockwell Medical shares increased by 22.22% to $1.17 at the time of publication, although the stock has declined over 56% in the past year [4].

Core Insights - Celestica Inc. (CLS) is focusing on product diversification and enhancing its presence in high-value markets to mitigate operational risks [1] - The company has a strong foundation in research and development, enabling it to produce both high-volume electronic products and complex technology infrastructure products across various industries [1] Group 1: Product and Service Offerings - Celestica provides a comprehensive range of solutions including design and development, new product introduction, engineering services, component sourcing, electronics manufacturing and assembly, testing, systems integration, logistics, product licensing, after-market repair, and IT asset management [2] - The diverse portfolio includes enterprise-level data communications and information processing infrastructure, such as routers, switches, data center interconnects, edge solutions, servers, and storage-related products, along with lifecycle solutions for mission-critical systems in aerospace/defense and medical device sectors [3] Group 2: Market Position and Performance - Celestica's diversified product and customer base enhances business resilience by reducing dependence on a single industry, thereby minimizing the adverse effects of economic downturns in specific sectors [3] - The company's stock has surged 180% over the past year, outperforming the industry growth of 92.7% [6] - Celestica trades at a forward price-to-sales ratio of 2.19, which is above the industry average of 0.98 [9] Group 3: Competitive Landscape - Jabil Inc. (JBL) emphasizes end-market and product diversification as a growth catalyst, aiming to ensure that no single product or product family exceeds 5% of operating income or cash flows in any fiscal year [4] - Sanmina Corporation (SANM) offers end-to-end solutions that streamline processes and lower costs through a vertically integrated manufacturing process, maintaining a strong presence across multiple end markets [5]

Core Insights - Crocs, Inc. (CROX) is focused on the design, development, manufacturing, marketing, distribution, and sale of casual lifestyle footwear and accessories under the Crocs and HEYDUDE brands, with a strong case for retaining the stock despite near-term challenges [1] Financial Performance and Cost Management - Crocs has demonstrated resilience and long-term potential, supported by brand strength, disciplined execution, and robust cash generation [2] - The company has achieved $50 million in gross cost savings for 2025 and identified an additional $100 million opportunity to enhance profitability and operational flexibility [3][11] - In Q3 2025, Crocs reported better-than-expected profitability and cash flow, allowing for the repurchase of 2.4 million shares and a $63 million reduction in debt [6] Inventory and Sales Strategy - Crocs is cleaning up the HEYDUDE wholesale channel by reducing aged and slow-moving inventory, leading to improved brand presentation and stabilization signs, with average selling prices rising for nine consecutive quarters [4][9][11] - The company is reinforcing brand relevance through product innovation and diversification, with new franchises gaining traction and strong consumer engagement driven by social-first marketing [5] Market Challenges - Revenue declined by 6.2% year-over-year in Q3, attributed to strategic pullbacks in promotions and wholesale to protect brand health, particularly in North America [7][11] - Tariff-related costs are impacting margins, with management noting a cautious consumer environment that may affect discretionary spending during the holiday season [8] - HEYDUDE is in a reset phase, with revenues declining sharply despite improvements in inventory health and rising average selling prices [9] Long-term Outlook - Despite short-term volatility and margin pressures, Crocs' strong brands, international growth, disciplined capital allocation, and aggressive cost actions support a favorable long-term outlook [10][12] - Crocs shares have underperformed, losing 18.2% in the past six months compared to the industry's decline of 8.5%, with a current forward price-to-earnings ratio of 6.87X, significantly lower than the industry average of 16.23X [13][15]