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T-Mobile(TMUS) - 2025 Q2 - Earnings Call Presentation
2025-07-23 20:30
EXHIBIT 99.2 | 3 | Highlights | | --- | --- | | 4 | Customer Metrics | | 7 | Financial Metrics | | 13 | Capital Structure | | 14 | Guidance | | 15 | Contacts | | 16 | Financial and Operational Tables | 2 (1) AT&T Inc. does not disclose postpaid net account additions. Comcast and Charter do not disclose postpaid phone net customer additions. Industry-leading claims are based on consensus expectations if results are not yet reported. (2) Core Adjusted EBITDA, Adjusted Free Cash Flow and Adjusted Free Cash Flo ...
Multi Ways Holdings Receives Notification of Deficiency from NYSE Related to Delayed Filing of Annual Report on Form 20-F
GlobeNewswire News Room· 2025-05-23 12:00
SINGAPORE, May 23, 2025 (GLOBE NEWSWIRE) -- Multi Ways Holdings Limited (“Multi Ways”, the “Company” or the “Issuer”) (NYSE American: MWG), a leading supplier of a wide range of heavy construction equipment for sales and rental in Singapore and the surrounding region, today announced the receipt of notification (the “Filing Deficiency Notification”) from New York Stock Exchange Regulation (“NYSE Regulation”) on May 16, 2025, indicating that, as a result of not having timely filed its Annual Report on Form 2 ...
WLFC's Q1 Earnings Decline Y/Y on Rising G&A Costs, Stock Down 10%
ZACKS· 2025-05-13 19:15
Core Insights - Willis Lease Finance Corporation (WLFC) shares have declined 9.5% since reporting earnings for Q1 2025, underperforming the S&P 500 index which dipped only 0.2% during the same period [1] - The company reported a net income of $2.21 per share for Q1 2025, down from $3.00 per share in Q1 2024, despite achieving record revenues of $157.7 million, a 32.5% increase from $119.1 million in the prior year [2][3] - Net income attributable to common shareholders fell 22.5% to $15.5 million from $20 million in Q1 2024, primarily due to increased operating and finance costs [2] Revenue and Operating Highlights - Lease rent revenue increased by 28.1% year over year to $67.7 million, while maintenance reserve revenues rose 25% to $54.9 million, contributing to a total of $122.6 million in core recurring revenues, up from $96.8 million a year earlier [3] - Spare parts and equipment sales surged to $18.2 million from $3.3 million, partly due to a one-time $7 million transaction [3] - Interest revenues climbed 73.4% to $3.9 million, but gains on the sale of leased equipment dropped 51.8% to $4.4 million due to fewer profitable asset dispositions [3] Cost and Expense Analysis - Total expenses rose 45.7% year over year to $133.8 million, driven by a 61.3% increase in general and administrative costs to $47.7 million, largely due to consulting fees for the sustainable aviation fuel initiative [4] - Interest expense surged nearly 40% year over year to $32.1 million, reflecting higher debt levels and cost of capital [6] - Costs related to spare parts and equipment sales grew more than sixfold to $15.3 million, contributing to a 19.2% drop in net income [6] Management Commentary - CEO Austin Willis highlighted the company's strategic positioning within a recovering aviation industry, emphasizing confidence in long-term fundamentals despite market volatility [5] - The high cost of new engines is reinforcing leasing demand, with WLFC's maintenance and leasing solutions providing value to cost-conscious airlines [5] Other Developments - During the quarter, WLFC recorded $2.2 million in equipment sales related to one engine and $4.4 million in gains from the sale of seven engines and one airframe [7] - The company declared a second-quarter dividend of 25 cents per share, payable on May 22, 2025 [7]
OUTFRONT Media(OUT) - 2025 Q1 - Earnings Call Transcript
2025-05-08 21:32
Financial Data and Key Metrics Changes - Organic revenues grew slightly, in line with previous guidance, while OIBDA was $64 million and AFFO was $24 million [8][19] - Consolidated adjusted OIBDA totaled about $64 million, a 3% decline versus the prior year, but excluding certain costs, adjusted OIBDA would have increased [18][19] - Total net leverage was 4.8 times, within the target range of four to five times [20] Business Line Data and Key Metrics Changes - Billboard revenues were down 1%, impacted by the exit of a large New York billboard contract, while digital billboard revenues increased by 5.4% [8][9] - Transit revenues grew by 2.6%, with strong growth in New York MTA offset by weakness in other franchises [9][10] - Combined digital revenue performance grew almost 7%, representing nearly 33% of total organic revenues, up from about 31% last year [11] Market Data and Key Metrics Changes - Local revenues were down 3% year-on-year, while national revenues grew by 4%, driven by improved advertising sales efforts [11][12] - The strongest billboard region was identified as the South, while the West, particularly LA, faced challenges [10][44] Company Strategy and Development Direction - The company is focusing on four strategic imperatives: optimizing sales strategies, modernizing workflows, driving new demand from non-out-of-home advertisers, and ensuring operational excellence [7][22] - The management is committed to unlocking significant potential within the company and improving cost efficiencies [7][18] Management's Comments on Operating Environment and Future Outlook - The management expects second quarter revenues to be similar to the first quarter, with billboard revenues flattish to slightly down and transit up low to mid-single digits [22] - Despite economic uncertainties, there are no indications of cancellations or a likely recession, with expectations for mid-single-digit growth in reported 2025 consolidated AFFO [19][22] Other Important Information - The company announced a $0.30 cash dividend payable on June 30 to shareholders of record at the close of business on June 6 [21] - The company plans to exit another large but marginally profitable billboard contract in Los Angeles, which is expected to have a limited impact on adjusted OIBDA and AFFO [15][18] Q&A Session Summary Question: What percentage of ad categories are goods versus services, and which is more resilient in the current environment? - Management noted that most of their categories are services, with some postponements observed in automotive, government, and retail sectors, but no significant reductions [26][28] Question: How is media and entertainment spending trending in LA, and is the exit of the LA contract related to the fire? - Management emphasized the importance of the media and entertainment category in LA and clarified that the exit was not related to fire incidents, focusing instead on profitable contracts [31][33] Question: What is the status of the MTA contracts and the impact of congestion pricing on transit growth? - The MTA contract increased slightly, and while it's hard to trace the impact of congestion pricing, there are indications of higher ridership [35][36] Question: Can you elaborate on potential cost savings or operational efficiencies? - Management clarified that the focus is on demand generation and modernizing the tech stack rather than just efficiency, aiming for a laser-like focus on growth drivers [41][43] Question: Are there differences across geographies in revenue trends aside from exited contracts? - The West has been challenging, while the South and Midwest are performing well, with the East benefiting from strong MTA transit performance [44]
OUTFRONT Media(OUT) - 2025 Q1 - Earnings Call Transcript
2025-05-08 21:30
Financial Data and Key Metrics Changes - Organic revenues grew slightly, in line with previous guidance, while OIBDA was $64 million and AFFO was $24 million [6][17] - Consolidated adjusted OIBDA totaled about $64 million, a 3% decline versus the prior year, but excluding certain costs, adjusted OIBDA would have increased [16][17] - The company expects reported 2025 consolidated AFFO to grow in the mid-single digit range despite an uncertain economic environment [17] Business Line Data and Key Metrics Changes - Billboard revenues were down 1%, impacted by the exit of a large New York billboard contract, while digital billboard revenues increased by 5.4% [6][7] - Transit revenues grew by 2.6%, with strong growth in New York MTA offset by weaknesses in other franchises [7][8] - Combined digital revenue performance grew almost 7% and represented nearly 33% of total organic revenues, up from about 31% last year [9] Market Data and Key Metrics Changes - The strongest categories during the quarter were legal, utilities, and financial, while weaker categories included health and medical, government and political, and CPG [8] - Local revenues were down 3% year-on-year, while national revenues grew 4% during the first quarter [9] Company Strategy and Development Direction - The company is focusing on four strategic imperatives: optimizing sales strategies, modernizing workflows, driving new demand from non-out-of-home advertisers, and ensuring operational excellence [5][6] - The management team is committed to unlocking significant potential within the company and improving cost efficiencies [12][41] Management's Comments on Operating Environment and Future Outlook - Management expects second quarter revenues to be similar to the first quarter, with billboard revenues flattish to slightly down and transit up low to mid-single digits [20] - The company is optimistic about the second half of the year, with current pacing better than the first quarter [20] Other Important Information - The company announced a $0.30 cash dividend payable on June 30 to shareholders of record at the close of business on June 6 [19] - Committed liquidity is over $600 million, with a total net leverage of 4.8 times within the target range [18] Q&A Session Summary Question: What percentage of your ad categories are goods versus services, and which is more resilient in the current environment? - Management noted that most of their categories are services, with postponements seen in automotive, government, and retail, but no significant reductions [24][26] Question: How is media and entertainment spending trending in LA, and is the exit of the LA contract related to the fire? - Management emphasized the importance of the media and entertainment category in LA and clarified that the exit was not related to fire but rather focused on profitability [30][32] Question: What is the latest on the MTA contracts and the impact of congestion pricing on transit growth? - The MTA contract increased slightly, and while it's hard to trace the impact of congestion pricing, ridership metrics seem to indicate higher activity [34][35] Question: Can you elaborate on potential cost savings or operational efficiencies? - Management highlighted that the focus is on resetting sales strategies and modernizing the tech stack to drive revenue and efficiency [40][41] Question: Are there differences across geographies in revenue trends aside from exited contracts? - The West has faced challenges, while the South and Midwest are performing well, particularly with MTA transit performance in the East [43]
Xerox (XRX) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKS· 2025-05-01 17:00
Core Insights - Xerox Holdings Corporation reported $1.46 billion in revenue for Q1 2025, a 3% decline year-over-year, with an EPS of -$0.06 compared to $0.06 a year ago, indicating a significant drop in profitability [1] - The revenue fell short of the Zacks Consensus Estimate of $1.5 billion by 3.19%, and the EPS was also below the consensus estimate of -$0.05, resulting in a surprise of -20% [1] Revenue Breakdown - Services, maintenance, and rentals generated $900 million, below the average estimate of $980.68 million, reflecting a 4% year-over-year decline [4] - Sales revenue reached $557 million, exceeding the average estimate of $490.15 million, marking a 6.5% increase year-over-year [4] - Supplies, paper, and other sales totaled $168 million, significantly lower than the average estimate of $223.04 million, representing a 27.9% decline year-over-year [4] - Equipment sales amounted to $284 million, slightly above the estimated $267.11 million, but showed a 2.1% decrease compared to the previous year [4] - Post-sale revenue was reported at $1.17 billion, below the average estimate of $1.24 billion, indicating a 3.2% year-over-year decline [4] - Mid-range equipment sales reached $198 million, surpassing the average estimate of $175.84 million, with a 2.6% increase year-over-year [4] Stock Performance - Xerox shares have declined by 10.2% over the past month, contrasting with the Zacks S&P 500 composite's decline of only 0.7%, suggesting underperformance in the market [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential continued underperformance in the near term [3]
Covenant Logistics Group Announces First Quarter 2025 Financial and Operating Results
Globenewswire· 2025-04-23 20:05
Core Insights - Covenant Logistics Group reported a decrease in adjusted earnings per share to $0.32 for Q1 2025, down from $0.42 in Q1 2024, primarily due to lower equipment utilization caused by adverse weather and avian influenza outbreaks [2][3] - The company remains optimistic about its strategy and market position, with expectations of revenue growth in its Dedicated, Managed Freight, and Warehousing divisions compared to Q2 2024 [2][3] - A new $50 million stock repurchase program was announced, reflecting the company's confidence in its future [2][15] Financial Performance - Total revenue for Q1 2025 was $269.4 million, a decrease of 3.4% from $278.8 million in Q1 2024 [3][21] - Freight revenue, excluding fuel surcharge, was $243.2 million, down 1.8% from $247.7 million in the prior year [3][21] - Net income increased to $6.6 million in Q1 2025 from $4.0 million in Q1 2024, with diluted earnings per share rising to $0.24 from $0.14 [3][22] Segment Performance - Truckload operations saw total revenue decrease by 0.9% to $188.3 million, with freight revenue growing by 2.0% [5][6] - The Expedited segment's freight revenue decreased by 7.3% to $80.2 million, while the Dedicated segment's freight revenue increased by 13.1% to $82.1 million [5][6] - Managed Freight's revenue fell by 9.6% to $56.9 million, but operating income improved by 35.9% [9][10] - Warehousing segment revenue decreased by 6.0% to $24.0 million, with operating income dropping to $1.0 million [10] Operating Metrics - Operating income for Q1 2025 was $7.6 million, compared to $4.3 million in Q1 2024, with an operating ratio of 97.2% [3][21] - The average freight revenue per tractor per week decreased to $5,416 from $5,651, while average miles per tractor per period fell to 27,521 from 31,201 [4][22] - The company reported a weighted average of 2,331 tractors for the period, an increase from 2,167 in the prior year [4][22] Capitalization and Liquidity - Total indebtedness increased by $5.8 million to approximately $225.4 million as of March 31, 2025 [11][12] - The net indebtedness to total capitalization ratio rose to 33.7% from 33.4% at the end of 2024 [11][12] - Cash and cash equivalents totaled $11.2 million, with available borrowing capacity of $90.1 million under its ABL credit facility [13] Outlook - The company anticipates a gradual improvement in the general freight market, although uncertainties regarding global trade policies may pose challenges [16] - Plans for net capital equipment expenditures for 2025 are projected to be between $55 million and $65 million, subject to change based on growth opportunities [14]