MYR Group (MYRG) Q1 2025 Earnings Call May 01, 2025 10:00 AM ET Company Participants Jennifer Harper - VP - IR & TreasurerRichard Swartz - President, CEO & DirectorKelly Huntington - SVP & CFOBrian Stern - Senior VP & COO of Transmission & DistributionDon Egan - Senior VP & COO of Commercial and IndustrialAtidrip Modak - Vice President - Energy Services & E&PsJonathan Braatz - PartnerJustin Hauke - Vice President and Senior Research AssociateBrian Brophy - Associate Vice President Conference Call Participan ...

Core Insights - Hubbell (HUBB) reported revenue of $1.37 billion for the quarter ended March 2025, reflecting a decrease of 2.4% year-over-year and a surprise of -1.42% compared to the Zacks Consensus Estimate of $1.38 billion [1] - The company's EPS for the quarter was $3.50, down from $3.60 in the same quarter last year, with an EPS surprise of -6.17% against the consensus estimate of $3.73 [1] Financial Performance Metrics - Net Sales for Electrical Solutions reached $508.10 million, exceeding the average estimate of $500.19 million by four analysts, representing a year-over-year increase of +0.6% [4] - Net Sales for Utility Solutions were reported at $857.10 million, falling short of the average estimate of $889.24 million, indicating a year-over-year decline of -4.1% [4] - Adjusted operating income for Utility Solutions was $179.90 million, below the average estimate of $196.34 million [4] - Adjusted operating income for Electrical Solutions was $84 million, slightly below the average estimate of $86.84 million [4] Stock Performance - Over the past month, Hubbell's shares have returned +6.3%, contrasting with a -0.7% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]

Hubbell (HUBB) Q1 2025 Earnings Call May 01, 2025 10:00 AM ET Company Participants Dan Innamorato - VP - IR & Corporate StrategyGerben Bakker - Chairman, President & CEOWilliam Sperry - Executive VP & CFOJeffrey Sprague - Founder and Managing PartnerSteve Tusa - Managing DirectorNigel Coe - Managing DirectorChris Snyder - Executive DirectorTommy Moll - Managing DirectorJoseph O'Dea - Managing DirectorBrett Linzey - Executive Director Conference Call Participants Julian Mitchell - Equity Research AnalystNico ...

MYR Group (MYRG) Q1 2025 Earnings Call May 01, 2025 10:00 AM ET Speaker0 Good morning, everyone, and welcome to the MYR Group First Quarter twenty twenty five Earnings Results Conference Call. At this time, all participants are in a listen only mode. After the speakers' presentation, there will be a question and answer Today's conference is being recorded. At this time, for opening remarks and introductions, I would like to turn the call over to Jennifer Harper, MYR Group Vice President of Investor Relation ...

Hubbell (HUBB) came out with quarterly earnings of $3.50 per share, missing the Zacks Consensus Estimate of $3.73 per share. This compares to earnings of $3.60 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -6.17%. A quarter ago, it was expected that this electrical products manufacturer would post earnings of $4.02 per share when it actually produced earnings of $4.10, delivering a surprise of 1.99%.Over the last four quarte ...

Core Insights - Hubbell Incorporated reported first quarter 2025 results, highlighting strong performance in the Electrical Solutions segment and a return to organic growth in Grid Infrastructure, despite challenges in Grid Automation and inflationary pressures [2][3]. Financial Performance - Total net sales for Q1 2025 were $1.365 billion, a decrease of 2% from $1.399 billion in Q1 2024 [26]. - Utility Solutions segment net sales decreased by 4% to $857 million compared to $894 million in Q1 2024, while Electrical Solutions segment net sales increased slightly to $508 million from $505 million [5][6]. - Q1 diluted EPS was $3.15, with adjusted diluted EPS at $3.50, reflecting a year-over-year increase of 15% [7][27]. Segment Analysis - Electrical Solutions achieved organic growth of 5%, driven by strong datacenter markets and strategic execution [3]. - Utility Solutions segment operating income was $160 million, or 18.7% of net sales, compared to $158 million, or 17.6% in the prior year [5]. - Grid Automation sales saw a decline of approximately 15% due to challenging comparisons from the previous year [5]. Cash Flow and Balance Sheet - Net cash provided by operating activities was $37 million in Q1 2025, down from $92 million in Q1 2024, with free cash flow at $11 million compared to $52 million in the prior year [10]. - Total assets increased to $6.922 billion as of March 31, 2025, from $6.679 billion at the end of 2024 [29]. Outlook - For the full year 2025, Hubbell anticipates diluted EPS in the range of $15.95-$16.45 and adjusted diluted EPS between $17.35-$17.85, with total sales growth and organic net sales growth projected at 6-8% [11][12].

Financial Data and Key Metrics Changes - The company reported revenues of $3,870,000,000, reflecting a year-over-year growth of 12.7% [4][14] - Operating income was $318,800,000 with an operating margin of 8.2%, and diluted earnings per share increased by 26% to $5.26 [5][19] - Non-GAAP adjusted operating income was $328,100,000, or 8.5% of revenues, with non-GAAP adjusted diluted earnings per share of $5.41, representing a 29.7% increase [5][27] - Remaining performance obligations (RPOs) grew to $11,800,000,000, a 17.1% organic increase year-over-year, and a 28.1% increase including Miller Electric [10][11] Business Line Data and Key Metrics Changes - Electrical Construction segment revenues increased by 42% year-over-year, while Mechanical Construction segment revenues grew by 10.2% [5][15] - The Electrical Construction segment generated $1,090,000,000 in revenues, driven by data center projects and healthcare [15][20] - The Mechanical Construction segment reported revenues of $1,570,000,000, with significant growth in data centers and healthcare [15][16] - U.S. Building Services revenues decreased by 4.9% to $742,600,000, primarily due to reduced site-based revenues [17][18] - Industrial Services revenues increased by 1.4% to $359,000,000, impacted by a slower start to the turnaround season [18][24] Market Data and Key Metrics Changes - RPOs in networking communications (data centers) reached $3,600,000,000, up 112% year-over-year [11] - Healthcare RPOs increased by 38% year-over-year to $1,500,000,000, with Miller Electric contributing significantly [12] - Manufacturing and industrial RPOs grew by 31% year-over-year to $1,100,000,000 [12] - Hospitality and entertainment RPOs more than doubled year-over-year to $437,000,000 [12] Company Strategy and Development Direction - The company plans to continue focusing on mechanical services within the Building Services segment, aiming for an 80/20 split between mechanical and site-based services [58] - The integration of Miller Electric is on track, enhancing capabilities and expanding market opportunities [6][10] - The company is optimistic about managing tariff uncertainties and expects to pass on price increases to protect margins [30][31] - The company emphasizes continuous training and sharing best practices to navigate a volatile environment [33][34] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strong demand for services, as reflected in the growth of RPOs [31] - The company anticipates that the normalization of trade barriers will positively impact operations in the long term [31] - Management highlighted the importance of maintaining operating margins and managing costs effectively throughout the year [34] Other Important Information - The company reported a cash balance of just under $577,000,000, with $250,000,000 borrowed for working capital needs [28] - Operating cash flow was $108,500,000, down from $132,300,000 in the previous year, but still considered strong for Q1 [28][64] Q&A Session Summary Question: What are the operational risks related to tariffs or supply chain noise? - Management indicated that the guidance was more related to macroeconomic uncertainties rather than growth-related issues [40][42] Question: What is the outlook for high-tech manufacturing opportunities? - Management expressed optimism about growth in the pharma and semiconductor sectors, driven by reshoring trends [46][48] Question: How is Miller Electric impacting the Electrical segment margin? - Miller Electric is currently dilutive to the margin due to intangible asset amortization, but margins are expected to normalize over time [52] Question: What are the growth prospects for the data center business? - The company has seen increased demand for power and is expanding into more markets, with a balanced growth approach between existing and new markets [97][98] Question: How does the RPO growth compare to revenue growth guidance? - The RPO growth includes a higher percentage of long-term projects, with a mix of construction and mechanical services driving the growth [90][92]

EMCOR Group (EME) Q1 2025 Earnings Call April 30, 2025 10:30 AM ET Company Participants Andrew Backman - VP - Investor RelationsAnthony Guzzi - Chairman, President & CEOJason Nalbandian - Senior VP, CFO & Chief Accounting OfficerAdam Thalhimer - Director of ResearchBrian Brophy - Associate Vice PresidentAlex Dwyer - AVP - Equity ResearchAdam Bubes - Vice President, Equity Research Conference Call Participants Brent Thielman - MD & Senior Research Analyst Operator Good day, and welcome to EMCOR Group q one t ...

FORWARD-LOOKING STATEMENTS AND NON-GAAP FINANCIAL DISCLOSURES Forward-Looking Statements First Quarter 2025 Earnings Call April 30, 2025 FIRST QUARTER 2025 FINANCIAL RESULTS This presentation and related press release contain forward-looking statements. Such statements speak only as of the date on the cover of this slide deck, and EMCOR assumes no obligation to update any such forward-looking statements, unless required by law. These forward-looking statements include statements regarding anticipated future ...

   Guelph, Ontario – April 29, 2025 - TheNewswire Hammond Manufacturing Company Limited (TSX:HMM.A) today announced in accordance with Toronto Exchange requirements, the voting results from its Annual General Meeting held April 29, 2025 in Guelph, Ontario. Shareholders voted in favour of all items of business put forth at the meeting, including the appointment of KPMG LLP as its outside auditors and the election of all director nominees as set out below. Election of DirectorsThe following seven nominees we ...