We're sitting near all time highs, so things are pretty good. But would you say they're irrationally good right now. Yeah, You know, look, I think markets went through a period of a near 20% correction.So keep that in mind. So we're recovering from that. In fact, on a year to date basis, the S&P is up only 4 to 5%.So I wouldn't say yet we're experience any any period of irrational exuberance, but we do know when momentum begins, it tends to continue and markets can overshoot to the upside and can also overs ...

Financial Data and Key Metrics Changes - Sales for Q1 2025 were $1,767 million, up 2% year over year and up 10% sequentially, indicating solid strategic execution [6] - Consolidated adjusted EBITDA was $359 million, with specialties driven EBITDA of $262 million, up 7% year over year and 4% sequentially [7] - Specialties driven EBITDA margin improved by approximately 70 basis points to 19% compared to the same quarter last year [7] Business Line Data and Key Metrics Changes - Industrial Products sales were $344 million, up 3% year over year, with EBITDA of $76 million, up 6% and an EBITDA margin of 22%, an increase of 60 basis points [10] - Potash division reported sales of $405 million and EBITDA of $118 million, with average potash price at $300 CIF per ton, down year over year but up $15 per ton sequentially [12] - Phosphate Solutions division had sales of $573 million, up 3%, and EBITDA of $139 million, increasing 6% with an EBITDA margin of 24% [14] - Growing Solutions division sales were $495 million, up 3% year over year, with EBITDA of $47 million, increasing 12% [16] Market Data and Key Metrics Changes - Global industrial production growth was 2.9% in Q1 2025, with a forecasted easing to 3.1% for the remainder of the year [23] - Grain price index increased slightly, with corn, wheat, and soybean prices improving, particularly corn which saw the largest gains [24] - Potash prices increased approximately 9% sequentially, while phosphate prices grew around 4% [25] Company Strategy and Development Direction - The company aims to leverage regional production to drive global growth with a local focus, emphasizing customized solutions for specific customer needs [8] - The strategy includes maintaining a focus on specialty businesses to differentiate from commodity-based peers and maximizing potash sales volumes by prioritizing high-price markets [35][36] - Innovation and operational enhancements are key focuses for future growth, alongside an acquisition strategy to expand regional presence [37][38] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism regarding improving market pricing trends and strengthening fertilizer fundamentals, despite a timing gap between published and realized prices [7] - The company is monitoring global tariff and trade situations and developing mitigation responses, with expectations of minimal impact from potential tariffs [34] - The leadership transition is not expected to shift the overall strategy, with continued emphasis on growth in specialty businesses [35] Other Important Information - The company ended the quarter with available resources of approximately $1,500 million and a net debt to adjusted EBITDA ratio of 1.2 times [32] - A dividend of $55 million was distributed, resulting in a trailing twelve-month dividend yield of 3.5% [32] Q&A Session Summary Question: Insights on potash trade flows and pricing impact - Management noted that while Eurasian players have indicated production challenges, their actual output often exceeds expectations, making it difficult to predict market tightness [49] - The company cautioned that while prices are improving, they are still fulfilling lower-rate contracts with China and India, which may delay benefits from rising prices [50] Question: Mix shift in Brazil and growing solutions - Management highlighted strong B2B and B2C business in Brazil, with specialty growth driven by previous acquisitions, similar trends were noted in North America [53]

Lument Finance Trust (LFT) Q1 2025 Earnings Call May 13, 2025 08:30 AM ET Company Participants Andrew Tsang - MD - Corporate DevelopmentJames Flynn - CEOJames Briggs - Chief Financial OfficerGreg Calvert - PresidentJason Weaver - Managing Director - Equity ResearchChristopher Nolan - SVP - Equity Research Conference Call Participants Steven Delaney - Analyst Operator Good morning, and thank you for joining the Lumet Finance Trust First Quarter twenty twenty five Earnings Call. Today's call is being recorded ...

ATI (ATI) Q1 2025 Earnings Call May 01, 2025 08:30 AM ET Company Participants David Weston - Vice President - IRKimberly Fields - President & CEODon Newman - EVP, Finance and CFOScott Deuschle - Director - Aerospace & Defense Equity ResearchSeth Seifman - Executive DirectorJoshua Korn - Assistant VP, Equity ResearchTimna Tanners - Managing Director - Equity Research Conference Call Participants Andre Madrid - VP - Aerospace and Defense AnalystRichard Safran - Managing Director and Senior AnalystPhil Gibbs - ...

Press Release First Quarter 2025 Sales Revenues up by 13.5%SCS divestment successfully completedNo material impact identified from global trade and tariff policy at this stage GUIDANCE MAINTAINED Paris (France) – April 29, 2025 – Vantiva (Euronext Paris: VANTI), a global technology leader in connectivity, today announced its unaudited sales for the first quarter of 2025. Group sales increased by 13.5% in the quarter (YoY) due to demand recovery, the launch of new products and the ramp-up of new contracts. G ...