Avino Silver (ASM) came out with quarterly earnings of $0.07 per share, beating the Zacks Consensus Estimate of $0.03 per share. This compares to earnings of $0.02 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 133.33%. A quarter ago, it was expected that this company would post earnings of $0.03 per share when it actually produced earnings of $0.07, delivering a surprise of 133.33%.Over the last four quarters, the company ha ...

Financial Performance - Net sales for the first quarter of 2025 decreased by 3% year over year to $1.26 billion, impacted by a 3% headwind from foreign currency translation [3] - Net income increased by 154% year over year to $99 million, resulting in a net income margin of 7.8% [4] - Adjusted EBITDA rose by 4% to $270 million compared to $259 million in the prior year period, with an adjusted EBITDA margin expanding by 140 basis points to 21.4% [4][10] Segment Results - Performance Coatings net sales were $822 million, down 3% year over year, primarily due to volume declines and foreign currency headwinds [6] - Mobility Coatings net sales were $440 million, a decrease of 1% from the prior year period, with Light Vehicle net sales declining by 1% year over year [8] Cash Flow and Expenditures - Cash provided by operating activities was $26 million, down from $34 million in the same period last year, primarily due to increases in working capital [5] - Free cash flow was a use of $14 million in the first quarter of 2025 compared to a use of $15 million in the prior year period [5] Outlook - For Q2 2025, net sales are projected to grow at a low single-digit percentage, with full-year net sales expected to be between $5.3 billion and $5.375 billion [12] - Adjusted EBITDA for Q2 2025 is projected to be between $280 million and $290 million, with full-year adjusted EBITDA expected to be between $1.15 billion and $1.175 billion [12] Awards and Recognition - The company won two Edison Awards™ and a BIG Innovation Award for advancements in automotive materials and electrical systems [10] Management Commentary - The CEO emphasized the record first quarter Adjusted EBITDA and the company's focus on delivering exceptional solutions and service for customers amid challenging global economic conditions [11]

Group 1 - PPG's shares increased by up to 6.1% following its first-quarter earnings report and full-year guidance, indicating positive investor sentiment despite economic uncertainties [1] - Management maintained guidance for adjusted earnings per share (EPS) between $7.75 and $8.05, driven by improvements in the performance coatings segment [2] - Performance coatings saw a 6% increase in volumes, particularly in the aerospace sector and automotive refinish, suggesting areas of economic strength [3] Group 2 - Global architectural and industrial coatings experienced volume declines of 3% and 1%, respectively, attributed to a slowdown in project-related business and governmental spending in Mexico due to geopolitical uncertainties [4] - In industrial coatings, growth in packaging volumes was not sufficient to counterbalance the decline in the automotive OEM market, as automakers are reducing production in 2025 due to economic concerns [4] - CEO Tim Knavish noted that over 95% of PPG's purchases are locally sourced or tariff-free, indicating that the company's exposure to tariffs is limited, with end markets currently performing adequately [6]

PPG Industries (PPG) Q1 2025 Earnings Call April 30, 2025 08:00 AM ET Company Participants Alejandro Lopez Bustamante - Director - IRTimothy Knavish - CEO & ChairmanKevin McCarthy - PartnerMichael Sison - Managing DirectorVincent Morales - Senior VP & CFOJohn Roberts - Managing DirectorFrank Mitsch - PresidentChristopher Parkinson - Managing DirectorMichael Leithead - Director - Equity ResearchJosh Spector - Executive Director Conference Call Participants David Begleiter - AnalystDuffy Fischer - AnalystGhan ...

Financial Data and Key Metrics Changes - The company reported sales of $3.7 billion for Q1 2025, a decrease of 4% compared to Q1 2024, primarily due to unfavorable foreign currency translation and business divestitures [7][9] - The first quarter segment EBITDA margin was 19.4%, and adjusted earnings per diluted share was $1.72 [9] - Approximately $400 million of stock was repurchased during the quarter, maintaining a strong balance sheet [9][20] Business Line Data and Key Metrics Changes - In the Global Architectural Coatings segment, net sales were significantly impacted by unfavorable foreign currency translation, decreasing sales by 7% [11] - Performance Coatings segment saw a 9% increase in organic sales, with double-digit growth in Aerospace [13] - Industrial Coatings segment net sales declined due to foreign currency translation and divestiture impacts, with organic sales down less than 2% [16][17] Market Data and Key Metrics Changes - Organic sales growth in Asia was driven by strong performance in China, India, and Vietnam [7] - The U.S. achieved 4% organic sales growth after six quarters of declines, while European organic sales were down 1%, showing improvement compared to prior quarters [8] - Latin America saw slight organic sales growth, tempered by geopolitical uncertainties [8] Company Strategy and Development Direction - The company is focused on executing its enterprise growth strategy launched in 2023, optimizing its portfolio, and investing in innovation [9][10] - PPG aims to navigate the current economic conditions by leveraging its diversified global business portfolio and flexible manufacturing processes [21][22] - The company is committed to driving shareholder value through disciplined capital allocation and share repurchases [20][86] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate uncertainties due to its structural advantages and strong cash generation capabilities [22][24] - The company anticipates project spending in Mexico to resume as economic conditions stabilize, despite current pauses [32][33] - Management reaffirmed full-year earnings per share guidance of $7.75 to $8.50, reflecting confidence in operational momentum and share gains [26][68] Other Important Information - The company issued €900 million of debt at 3.25% during the quarter, with upcoming euro debt maturities [19] - Management highlighted the importance of monitoring customer order patterns and adjusting operations accordingly in response to macroeconomic changes [22][24] Q&A Session Summary Question: How do you expect margins to trend in Q2 for Global Architectural? - Management expects margin recovery driven by sequential volume improvement and positive pricing [28][29] Question: How much was the COMEX business down in Q1? - The business was impacted by a pause in project-related spending, but core retail sales remained solid [30][31] Question: What is happening in the Refinish industry? - The lumpiness in sales is due to the two-step distribution model, but pricing remains strong due to the value proposition offered [35][36] Question: Can you unpack the sales guidance for Global Architectural Coatings? - Management expects project pauses in Mexico to continue into Q2, but anticipates improvements in Europe [42][46] Question: What are the expectations for Performance Coatings volume this year? - Management is confident in achieving mid-single-digit growth due to strong performance across various business units [50][52] Question: What is the impact of tariffs on the company? - The company has minimal impact from tariffs due to its localized sourcing strategy and is prepared to adjust pricing as necessary [60][61] Question: What is the split between residential and commercial in the COMEX business? - The core business is mostly residential, with recent expansions into project business [115] Question: What is the updated full-year currency EPS headwind? - The company expects a $0.09 impact from currency in Q1, which will diminish in subsequent quarters [117]

PPG Industries, Inc. (PPG) reported first-quarter 2025 profit of $396 million or $1.64 per share, down from $443 million or $1.71 per share in the year-ago quarter.Barring one-time items, adjusted earnings per share (EPS) fell to $1.72 from $1.87 in the year-ago quarter. The figure surpassed the Zacks Consensus Estimate of $1.62.The company’s revenues were $3,684 million in the reported quarter, down around 4% year over year. The downside can be attributed to unfavorable currency translations and business d ...

For the quarter ended March 2025, PPG Industries (PPG) reported revenue of $3.68 billion, down 14.5% over the same period last year. EPS came in at $1.72, compared to $1.86 in the year-ago quarter.The reported revenue represents a surprise of +0.77% over the Zacks Consensus Estimate of $3.66 billion. With the consensus EPS estimate being $1.62, the EPS surprise was +6.17%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street e ...

Financial Data and Key Metrics Changes - Consolidated sales were within the guided range, with adjusted earnings per share growing by 3.7% to $2.25 per share [4][3] - Gross margin and gross profit dollars expanded, while SG&A expenses decreased due to effective spending control [3][4] Business Line Data and Key Metrics Changes - Paint Stores Group sales grew by a low single-digit percentage, with price mix up by mid-single digits and volume down low single digits [6] - Consumer Brands Group sales were within expected range, with more than half of the decrease attributed to unfavorable foreign exchange [7] - Performance Coatings Group sales were below expectations, with decreases in Europe and North America by mid-single digits [9] Market Data and Key Metrics Changes - Residential repaint sales increased by a mid-single-digit percentage despite softness in existing home sales [6] - New residential sales increased by a low single-digit percentage, while commercial and property maintenance sales remained under pressure [6][9] Company Strategy and Development Direction - The company is focused on disciplined capital allocation, investing $352 million in share repurchases and increasing dividends by 10% [4] - The acquisition of Souvenil is expected to close in the second half of the year, enhancing the Consumer Brands Group and complementing existing Latin America business [8][10] Management's Comments on Operating Environment and Future Outlook - Management expects demand in most end markets to remain choppy at least through the first half of 2025, with some markets not likely to gain momentum until 2026 [12] - The company is well-positioned to outperform the market and is confident in its strategy and execution capabilities [12][14] Other Important Information - The company plans to open 80 to 100 new stores throughout the year, with a focus on maintaining low turnover rates among staff [96] - The company is actively managing costs and looking for efficiencies through simplification and digitization [11][25] Q&A Session Summary Question: Pricing environment and tariffs - Management indicated that raw material costs were flat year over year, but tariffs are expected to increase costs slightly in the second quarter [20][21] - The company is prepared to implement price increases if necessary to offset rising costs [22][23] Question: Price mix in Paint Stores Group - The price mix was predominantly driven by price increases, with effective implementation credited to the stores team [28][30] Question: COGS and gross margins - Gross margin improvement was driven by selling price increases in the Paint Stores Group and supply chain efficiencies [32][33] Question: New residential end market outlook - Management remains optimistic about long-term growth in the new residential market despite current challenges [39][40] Question: Res repaint market trends - The residential repaint segment continues to show strength, with positive sentiment and activity despite a flat overall market [43][44] Question: Souvenil acquisition details - The acquisition is expected to enhance the company's position in Latin America, with a strong leadership team and growth potential [102][103] Question: Share gains in commercial and property maintenance - Share gains in these segments are expected to be longer-term, with significant project timelines impacting immediate results [106][107]

Core Viewpoint - Sherwin-Williams reported a slight increase in earnings per share for Q1 2025, but revenues declined year over year, missing consensus estimates, indicating mixed performance across its segments [1][2][3][4]. Financial Performance - The company logged first-quarter 2025 earnings of $2 per share, up approximately 1.5% from $1.97 in the same quarter last year [1]. - Adjusted earnings were $2.25 per share, surpassing the Zacks Consensus Estimate of $2.18 [1]. - Revenues totaled $5,305.7 million, down around 1.1% year over year, and missed the Zacks Consensus Estimate of $5,346.5 million [1]. Segmental Review - The Paint Stores Group segment achieved net sales of $2,939.8 million, up about 2.3% year over year, beating the consensus estimate of $2,919.9 million, driven by a mid-single-digit percentage rise in selling prices [2]. - The Consumer Brands Group segment saw net sales decline by 6% year over year to $762.2 million, although it exceeded the Zacks Consensus Estimate of $761.4 million, impacted by weaker DIY demand and unfavorable currency translation [3]. - The Performance Coatings Group experienced a net sales decrease of roughly 4.8% year over year to $1,602 million, missing the Zacks Consensus Estimate of $1,645.9 million, primarily due to adverse currency translation [4]. Cash Flow and Shareholder Returns - In Q1 2025, the company utilized $61.1 million in net operating cash due to seasonal increases in working capital requirements, which were largely offset by net income [5]. - The company returned $552.1 million to shareholders through dividends and the repurchase of 1 million shares of common stock [6]. Outlook - Sherwin-Williams forecasts consolidated net sales for Q2 2025 to be up or down by a low single-digit percentage year over year, with a similar expectation for full-year 2025 [7]. - Full-year 2025 earnings per share are projected to be in the range of $10.70 to $11.10, with adjusted earnings per share expected between $11.65 and $12.05 [7]. - The company anticipates an effective tax rate in the low 20% range for 2025 [7]. Price Performance - Shares of Sherwin-Williams have increased by 8.4% over the past year, contrasting with a 4.3% decline in the industry [8].

Q1 2025 Results April 29, 2025 FORWARD-LOOKING STATEMENTS Certain statements contained in this presentation constitute "forward-looking statements" within the meaning of federal securities laws. These forward-looking statements are based upon management's current expectations, predictions, estimates, assumptions and beliefs concerning future events and conditions and may discuss, among other things, anticipated future performance (including sales and earnings), expected growth, future business plans and the ...