PresentationI would now like to turn the conference over to Mr. Mike Smargiassi. Please go ahead, sir.Good day, and welcome to the Spanish Broadcasting's Third Quarter 2025 Conference Call. [Operator Instructions] Please note this event is being recorded.Michael SmargiassiBrainerd Communicators, Inc. Thank you, and good day, everyone. Before we begin, please recognize that certain statements on this conference call are not historical fact. They may be deemed, therefore, to be forward-looking statements unde ...

Core Insights - The event is focused on UNFI's long-term value creation strategy and business outlook for 2025 [2] Group 1: Event Overview - The Investor Day is designed to provide updates to investors and stakeholders [2] - Management will present forward-looking statements that involve risks and uncertainties [3] - Non-GAAP financial measures will be discussed, with definitions and reconciliations provided at the end of the presentation [3]

Core Points - ASGN held its 2025 Investor Day at the New York Stock Exchange, indicating strong investor interest and engagement [1][2] - Kimberly Esterkin, Vice President of Investor Relations, has been leading ASGN's Investor Relations efforts since 2019, highlighting the company's commitment to effective communication with investors [1] Group 1 - The event featured forward-looking statements reflecting the company's current views and expectations about future events, which are subject to risks and uncertainties [3] - The presentation included discussions on non-GAAP financial measures, encouraging stakeholders to review the appendix and SEC filings for detailed financial information [3]

Core Insights - Magnera reported a strong performance in the fourth quarter of 2025, achieving net sales of $839 million, a 51% increase compared to the same quarter in 2024, driven by the Glatfelter merger and favorable foreign currency changes [3][6][5] - The company aims to improve reported earnings by approximately 9% in 2026 through cost improvement and capacity optimization initiatives [2][14] - Magnera's adjusted EBITDA for the fiscal year 2025 was $354 million, reflecting a 26% increase from the previous year [3][5] Financial Performance - For the September quarter, net sales reached $839 million, with an operating income of $10 million, compared to a loss of $167 million in the same quarter of 2024 [3][5] - The fiscal year 2025 net sales totaled $3.2 billion, up from $2.2 billion in 2024, while operating income improved to $5 million from a loss of $141 million [3][5] - Adjusted EBITDA for the September quarter was $90 million, a 36% increase year-over-year, and for the fiscal year, it was $354 million, a 26% increase [3][5][7] Segment Performance - In the Americas segment, net sales increased by $122 million due to the Glatfelter merger, although this was partially offset by a $28 million decrease in selling prices and a 3% organic volume decline [8][9] - The Rest of World segment saw a net sales increase of $206 million, aided by the Glatfelter merger and favorable foreign currency impacts, despite a 4% organic volume decline [10] Cash Flow and Debt Management - Magnera achieved record cash flow with cash from operations of $96 million in the fourth quarter and a post-merger adjusted free cash flow of $126 million, representing a yield of over 30% [5][12] - The company is focused on reducing leverage, ending the fiscal year with a leverage ratio of 3.8x and total net debt of $1.647 billion [13][11] Future Guidance - For fiscal year 2026, Magnera projects adjusted EBITDA between $380 million and $410 million, and free cash flow between $90 million and $110 million [14][27]

Core Insights - The company reported fourth quarter results that exceeded expectations, with solid topline growth and healthy gross margins leading to a 10% adjusted EPS growth and robust free cash flow [2][6] - Full year results showed a 40 basis points adjusted operating margin expansion and a 12% adjusted EPS growth, while cash was deployed for growth investments, balance sheet strengthening, and shareholder returns [2][6] - The company expressed confidence in its fiscal 2026 guidance and long-term financial targets, supported by resilient customers and strategic initiatives [2] Fiscal 2025 Fourth Quarter Summary - Consolidated net sales reached $947 million, a 1.3% increase year-over-year, with comparable sales also up 1.3% [6][7] - GAAP diluted EPS increased by 7% to $0.49, while adjusted diluted EPS rose by 10% to $0.55 [6][7] - Cash flow from operations was $121 million, with free cash flow totaling $78 million [6][8] Fiscal 2025 Full Year Summary - Total consolidated net sales for the year were $3.70 billion, a slight decrease of 0.4% compared to the previous year [6][7] - Full year GAAP diluted EPS increased by 32% to $1.89, and adjusted diluted EPS grew by 12% to $1.90 [6][7] - Cash flow from operations for the year was $275 million, with free cash flow of $216 million [6][7] Balance Sheet and Cash Flow - As of September 30, 2025, the company had cash and cash equivalents of $149 million and no outstanding borrowings under its revolving credit line [5][8] - Inventory decreased by 4.7% year-over-year to $988 million [5] Segment Performance - In Q4, Sally Beauty segment net sales were $541.6 million, up 1.4%, while Beauty Systems Group net sales were $405.5 million, an increase of 1.1% [9][31] - The gross margin for Sally Beauty improved by 90 basis points to 61.3%, while Beauty Systems Group's gross margin expanded by 100 basis points to 40.0% [9][31] Fiscal 2026 Guidance - The company provided guidance for consolidated net sales between $3.71 billion and $3.77 billion, with comparable sales expected to be flat to up 1% [10] - Adjusted diluted EPS is projected to be between $2.00 and $2.10, with free cash flow anticipated at approximately $200 million [10] Long-Term Outlook - The company set long-term financial targets for fiscal 2028, including annual consolidated net sales growth of 1% to 3% and adjusted diluted EPS growth of over 10% [12]

Group 1 - The conference call is for the Spanish Broadcasting System's Second Quarter 2025 results [1] - Forward-looking statements regarding future results from current strategic initiatives will be discussed [2] - The company will not update or revise its forward-looking statements publicly [3] Group 2 - The company emphasizes the importance of adjusted OIBDA as a performance measure, excluding certain costs and expenses [4] - Adjusted OIBDA is considered useful for evaluating the performance of the company's stations [4] - The information provided is not a substitute for GAAP measures of operating performance or liquidity [5]

Core Insights - Herbalife's leadership team, including the CEO and CFO, is actively engaging with investors to provide insights into the company's performance and future outlook [1]. Group 1: Company Overview - Erin Banyas, Head of Investor Relations, welcomed participants to the event, indicating a focus on transparency and communication with stakeholders [1]. - The presence of key executives, including the CEO and CFO, suggests a commitment to addressing investor concerns and providing detailed information about the company's strategy and financial health [1]. Group 2: Financial Disclosures - Herbalife has included cautionary statements regarding forward-looking statements in its recent Form 10-Q filing and earnings release, highlighting the importance of understanding potential risks and uncertainties [2]. - The discussion may involve non-GAAP financial measures, which exclude unusual or nonrecurring items, emphasizing the company's focus on providing a clearer picture of its financial performance [3].

Core Insights - Karat Packaging Inc. reported record quarterly net sales and net income for the second quarter of 2025, demonstrating resilience amid supply chain disruptions and trade uncertainties [5][8][13] - The company successfully reduced its sourcing from China to 10% and is diversifying its supply chain by expanding operations in other Asian countries and Latin America [5][6] - Despite facing foreign currency headwinds, the company achieved a gross profit increase and maintained strong business trends heading into the third quarter [5][8][12] Financial Performance - Net sales for Q2 2025 increased by 10.1% to $124.0 million, up from $112.6 million in the prior-year quarter, driven by a $14.2 million increase in volume and product mix [6][8] - Gross profit rose by 13.1% to $49.1 million, with a gross margin improvement to 39.6% from 38.5% in the prior-year quarter [8][10] - Net income for Q2 2025 increased by 19.8% to $11.1 million, with a net income margin of 8.9% compared to 8.2% in the prior-year quarter [8][13] Operational Highlights - The new Chino warehouse is fully operational, enhancing logistics capabilities and enabling faster delivery times [5] - The company is experiencing sustained double-digit sales growth across all major markets, including California, with new business wins from large national chains expected to contribute in the latter half of 2025 [5][8] - Operating expenses for Q2 2025 were $32.6 million, a slight increase from $32.3 million in the prior-year quarter, primarily due to higher shipping costs and rent expenses [11][18] Guidance and Future Outlook - The company maintains its full-year guidance for 2025 on net sales, gross margin, and adjusted EBITDA margin, despite potential impacts from additional tariff changes [8][12] - For Q3 2025, net sales are expected to increase by high single-digit to low double-digit percentages compared to the prior-year quarter [8][12] - Adjusted EBITDA for Q2 2025 was $17.7 million, up 12.8% from the prior-year quarter, with an adjusted EBITDA margin of 14.3% [8][14]

Core Insights - First Advantage Corporation reported solid financial performance for Q2 2025, with revenues reaching $390.6 million, a significant increase from $184.5 million in Q2 2024, reflecting a year-over-year growth of 112.3% [3][4] - The company reaffirmed its full-year 2025 guidance, projecting revenues between $1.5 billion and $1.6 billion, adjusted EBITDA of $410 million to $450 million, adjusted net income of $152 million to $182 million, and adjusted diluted earnings per share of $0.86 to $1.03 [2][8] - The CEO highlighted the successful integration of the Sterling acquisition and the positive momentum in international markets, particularly in Digital Identity solutions [4][6] Financial Performance - Revenues for Q2 2025 were $390.6 million, compared to $184.5 million in Q2 2024, marking a 112.3% increase [3] - Adjusted EBITDA for the quarter was $113.9 million, with an adjusted EBITDA margin of 29.2%, slightly down from 30.2% in the previous year [3][34] - Adjusted net income was reported at $47.0 million, up from $30.8 million in Q2 2024, while adjusted diluted earnings per share increased to $0.27 from $0.21 [3][34] Strategic Initiatives - The company is focused on its FA 5.0 strategic priorities, which include the integration of Sterling and enhancing its product and technology offerings [4][5] - First Advantage held its inaugural Investor Day, outlining long-term financial targets, including a projected compound annual growth rate for adjusted diluted EPS of 19% to 25% [5][6] - The CFO mentioned a successful repricing of the credit facility, reducing borrowing rates by 50 basis points, and highlighted the company's commitment to reducing net leverage and realizing synergies from acquisitions [7][8] Market Position - First Advantage serves over 80,000 organizations globally, providing employment background screening and digital identity solutions [24] - The company operates in over 200 countries and territories, emphasizing innovation and customer success in the HR technology industry [24]

Core Insights - First Advantage Corporation reported strong financial performance in Q1 2025, with revenues of $354.6 million, significantly up from $169.4 million in Q1 2024, indicating a year-over-year growth of approximately 109% [3][4] - The company reaffirmed its full-year 2025 guidance, projecting revenues between $1.5 billion and $1.6 billion, adjusted EBITDA of $410 million to $450 million, adjusted net income of $152 million to $182 million, and adjusted diluted earnings per share of $0.86 to $1.03 [2][10] Financial Performance - Revenues for Q1 2025 were $354.6 million, compared to $169.4 million in Q1 2024, reflecting a 109% increase [3] - Adjusted EBITDA for Q1 2025 was $92.1 million, with an adjusted EBITDA margin of 26.0%, compared to $46.6 million and 27.5% in Q1 2024 [3][6] - The net loss for Q1 2025 was $(41.2) million, resulting in a net loss margin of (11.6)%, which included $15.3 million in acquisition-related expenses [3][6] Strategic Initiatives - The integration of the Sterling acquisition is progressing ahead of schedule, with $37 million in run-rate cost synergies realized, moving towards a target of $60 million to $70 million [5][9] - The company is focusing on customer retention and synergy realization as part of its integration plan [9] Upcoming Events - First Advantage will host its inaugural investor day on May 28, 2025, to discuss its strategic vision, financial growth outlook, and key initiatives [8]