DocGo (DCGO) Q1 2025 Earnings Call May 08, 2025 05:00 PM ET Company Participants Michael Cole - VP - Investor RelationsLee Bienstock - Chief Executive OfficerNorman Rosenberg - Treasurer & CFOGabrielle Ingoglia - Equity Research AssociateJenny Shen - Equity Research Associate Conference Call Participants Ryan Macdonald - Senior AnalystKieran Ryan - Analyst Operator Good afternoon, ladies and gentlemen, and welcome to the DocGo First Quarter Earnings Conference Call. At this time, all lines are in listen onl ...

DocGo (DCGO) Q1 2025 Earnings Call May 08, 2025 05:00 PM ET Speaker0 Good afternoon, ladies and gentlemen, and welcome to the DocGo First Quarter Earnings Conference Call. At this time, all lines are in listen only mode. Following the presentation, we will conduct a question and answer session. This call is being recorded on a Thursday, 05/08/2025. I would now like to turn the conference over to Mike Cole, VP of Investor Relations. Please go ahead. Speaker1 Thank you, operator. Before turning the call over ...

Financial Data and Key Metrics Changes - The reported revenue for the first quarter was $915 million, a decrease of 8% compared to the previous year [11] - Operating income margin increased by 40 basis points year over year to 4.1% [14] - EBITDA for the first quarter was $85 million, with earnings per share (EPS) of $0.44, consistent with Q1 2024 [15] Business Line Data and Key Metrics Changes - ITS revenue was $530 million, down 4% from $552 million in the prior year, despite an 8% increase in intermodal volumes [12] - Logistics segment revenue decreased to $411 million from $480 million due to lower brokerage volume and revenue per load [12] - Brokerage volume declined by 9% year over year, with a 10% decline in revenue per load primarily driven by lower fuel prices [10] Market Data and Key Metrics Changes - Intermodal volumes increased by 8% year over year, with local East volumes up 13% and local West up 5% [6] - The company anticipates a near-term impact on import volumes to the West Coast, but the magnitude remains uncertain [5] - Approximately 25% of West Coast volume is port-related, with 30% of that coming from China [26] Company Strategy and Development Direction - The company is focusing on profitable growth across all segments while implementing a $40 million cost reduction program [5] - Strategic changes include a focus on yield management, asset utilization, and investing in asset-light logistics offerings [21] - The company is exploring acquisition opportunities to enhance its service offerings and scale [51] Management's Comments on Operating Environment and Future Outlook - Management expects full-year EPS in the range of $1.75 to $2.25 and revenue between $3.6 billion to $4 billion [17] - The company anticipates a potential slowdown in import demand in the second half of Q2, with varying impacts based on customer behavior [34] - Management remains optimistic about the long-term strategy and believes the company can succeed in various macroeconomic environments [21] Other Important Information - The company returned $21 million to shareholders through dividends and stock repurchases in the quarter [16] - Net debt was $140 million, representing 0.4x EBITDA, below the stated net debt to EBITDA range of 0.75x to 1.25x [16] - The company has seen a significant improvement in warehouse utilization, with an 1,100 basis point increase year over year [10] Q&A Session Summary Question: What percentage of intermodal is tied to West Coast ports? - Approximately 25% of West Coast volume is port-related, with 30% of that coming from China [26] Question: Can you provide monthly trends for intermodal volumes? - January was up 18%, February up 1%, March up 7%, and April up 6% [26] Question: What are the expectations for volumes going forward? - Anticipated volume trends will vary by customer, with no significant slowdown observed yet [26][27] Question: How competitive is the bid season? - The bid season has been competitive but not irrational, with a pull forward of bids benefiting intermodal truckload carriers [30] Question: What is the current headcount situation? - Headcount was down 7%, with ongoing cost control measures in place [44] Question: What are the trends in the EASO joint venture? - EASO has seen significant volume growth, approximately 4x year over year, with strong cross-selling opportunities [50] Question: What is the outlook for intermodal pricing? - Pricing is expected to remain flat for the remainder of the year, with potential surcharges depending on market conditions [54] Question: What are the key levers for intermodal margin improvement? - Key levers include increasing velocity in the network and in-sourcing more drayage [92]

Core Insights - Autoscope Technologies Corporation reported a quarterly cash dividend of $0.15 per share, payable on May 27, 2025 [1] - The company experienced a significant decrease in revenue and net income for the first quarter of 2025 compared to the same period in 2024 [4][9] Financial Performance - Revenue from operations was $2.2 million in Q1 2025, a 30% decrease from $3.1 million in Q1 2024 [4] - Royalty revenue decreased by 32% to $2.1 million in Q1 2025 from $3.1 million in Q1 2024 [8] - Product sales increased by 319% to $67,000 in Q1 2025 from $16,000 in Q1 2024, driven by sales of the Wrong Way product and Autoscope Analytics [4] - Gross margin improved to 98% in Q1 2025 from 96% in Q1 2024, with royalty gross margin at 100% compared to 97% in the prior year [5] - Operating expenses decreased by 9% to $1.7 million in Q1 2025 from $1.9 million in Q1 2024 [6] - Net income fell by 58% to $0.4 million in Q1 2025, or $0.07 per share, down from $0.9 million, or $0.16 per share, in Q1 2024 [9] Liquidity and Capital Resources - Cash and cash equivalents decreased to $0.6 million as of March 31, 2025, from $4.4 million on December 31, 2024, primarily due to a special dividend paid in February 2025 [10] - Net cash provided by operating activities was $1.0 million in Q1 2025, compared to a net cash used of $34,000 in Q1 2024 [11] - Net cash provided by investing activities was $1.9 million in Q1 2025, down from $3.1 million in Q1 2024 [12] - Net cash used by financing activities decreased to $6.6 million in Q1 2025 from $7.9 million in Q1 2024, attributed to a lower special dividend [13] Strategic Outlook - The company remains focused on operational efficiency and long-term value creation, with positive engagement from communities analyzing roadway behavior [14] - Economic uncertainties contributed to the anticipated decrease in royalty revenue, but the company believes these will have minimal impact for the remainder of the year [14]

Core Insights - Hub Group, Inc. reported first quarter 2025 net income of $27 million, maintaining diluted earnings per share at $0.44, consistent with the same quarter in 2024 [2][11] - The company achieved an operating income margin of 4.1%, reflecting a 40-basis point improvement year-over-year, driven by yield management and cost containment efforts [3][6] Financial Performance - Consolidated revenue for Q1 2025 was $915 million, an 8% decline from $999 million in Q1 2024, primarily due to lower revenue per unit in intermodal and brokerage, decreased fuel revenue, and slowing shipping patterns [4][11] - Purchased transportation and warehousing costs decreased by 11% to $658 million, while salaries and benefits increased by 3% to $149 million [5] - Operating income for the quarter was $37 million, representing 4.1% of revenue, with EBITDA reported at $85 million [6][11] Segment Performance - The Intermodal and Transportation Solutions (ITS) segment generated revenue of $530 million, down from $552 million in the prior year, but operating income increased to $14 million due to cost control measures [7] - The Logistics segment reported revenue of $411 million, down from $480 million, with operating income improving to $23 million, reflecting positive contributions from consolidation and fulfillment despite lower brokerage margins [8] Capital and Outlook - Capital expenditures for Q1 2025 totaled $19 million, with cash reserves at $141 million as of March 31, 2025 [9][11] - The company projects diluted earnings per share for 2025 to range from $1.75 to $2.25, with estimated revenue between $3.6 billion and $4.0 billion [12]

Core Insights - Enterprise Products Partners (EPD) reported a revenue of $15.42 billion for the quarter ended March 2025, reflecting a year-over-year increase of 4.5% and a positive surprise of 9.42% over the Zacks Consensus Estimate of $14.09 billion [1] - The earnings per share (EPS) for the quarter was $0.64, down from $0.66 in the same quarter last year, resulting in an EPS surprise of -7.25% against the consensus estimate of $0.69 [1] Financial Performance Metrics - NGL Pipelines & Services reported daily NGL fractionation volumes of 1,652 million barrels of oil, exceeding the average estimate of 1,613.15 million barrels [4] - Fee-based natural gas processing volumes were 7,181 million barrels of oil, surpassing the estimated 7,062.97 million barrels [4] - NGL pipeline transportation volumes were 4,447 million barrels of oil, slightly below the estimate of 4,458.61 million barrels [4] - Natural gas transportation volumes reached 20,310 BBtu/D, exceeding the average estimate of 20,175.16 BBtu/D [4] - Butane isomerization volumes were 114 million barrels of oil, below the estimate of 120.07 million barrels [4] - Propylene fractionation volumes were 113 million barrels of oil, above the estimate of 104.11 million barrels [4] - Octane enhancement and related plant sales volumes were 46 million barrels of oil, significantly exceeding the estimate of 31.03 million barrels [4] - Equity NGL production was 225 million barrels of oil, surpassing the estimate of 196.18 million barrels [4] Gross Operating Margins - Gross operating margin for NGL Pipelines & Services was $1.42 billion, slightly below the average estimate of $1.46 billion [4] - Gross operating margin for Petrochemical & Refined Products Services was $315 million, below the estimate of $352.84 million [4] - Gross operating margin for Natural Gas Pipelines & Services was $357 million, exceeding the estimate of $342.12 million [4] - Gross operating margin for Crude Oil Pipelines & Services was $374 million, below the estimate of $411.62 million [4] Stock Performance - Shares of Enterprise Products have returned +2.1% over the past month, compared to the Zacks S&P 500 composite's +11.3% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

Capital Clean Energy Carriers Corp. (CCEC) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.36 per share. This compares to earnings of $0.32 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 52.78%. A quarter ago, it was expected that this company would post earnings of $0.36 per share when it actually produced earnings of $0.36, delivering no surprise.Over the last four quarters, t ...

Genesis Energy, L.P. 1Q 2025 Earnings Supplement May 8, 2025 Forward-Looking Statements Strategic Decisions & New Offshore Developments Reinforcing Long-Term Thesis This presentation includes forward-looking statements as defined under federal law. Although we believe that our expectations are based upon reasonable assumptions, we can give no assurance that our goals will be achieved. Actual results may vary materially. All statements, other than statements of historical facts, included in this press releas ...

Core Viewpoint - Costamare reported quarterly earnings of $0.61 per share, exceeding the Zacks Consensus Estimate of $0.52 per share, but down from $0.63 per share a year ago, indicating a 17.31% earnings surprise [1][2] Financial Performance - The company achieved revenues of $443.61 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 7.50%, although this is a decrease from $475.43 million in the same quarter last year [2] - Over the last four quarters, Costamare has consistently exceeded consensus EPS and revenue estimates [2] Stock Performance - Costamare shares have declined approximately 45.1% year-to-date, contrasting with the S&P 500's decline of 4.3% [3] - The stock currently holds a Zacks Rank of 4 (Sell), indicating expectations of underperformance in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.59 on revenues of $426.85 million, and for the current fiscal year, it is $2.43 on revenues of $1.74 billion [7] - The trend of estimate revisions for Costamare has been unfavorable leading up to the earnings release [6] Industry Context - The Transportation - Shipping industry, to which Costamare belongs, is currently ranked in the bottom 11% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Empirical research indicates a strong correlation between near-term stock movements and earnings estimate revisions, which could impact Costamare's stock performance [5]

In an investor’s lifetime, only a few companies become so dominant that their names turn into verbs. These brands grow so large and their services become so integrated into daily life that people stop using generic terms for certain actions—instead, they use the company’s name itself. Uber Technologies TodayUBERUber Technologies$84.07 -1.76 (-2.05%) 52-Week Range$54.84▼$87.00P/E Ratio18.44Price Target$89.97Add to WatchlistOne such example is Uber Technologies Inc. NYSE: UBER, a stock that had seen its fair ...