Pinnacle Financial Partners (PNFP) Q2 2025 Earnings Call July 16, 2025 09:30 AM ET Speaker0Good morning, everyone, and welcome to the Pinnacle Financial Partners Second Quarter twenty twenty five Earnings Conference Call. Hosting the call today from Pinnacle Financial Partners is Mr. Terry Turner, Chief Executive Officer Harold Carpenter, Chief Financial Officer. Please note Pinnacle's earnings release and this morning's presentation are available on the Investor Relations page of their website at www.pnfp. ...

TRX Gold (TRX) Q3 2025 Earnings Call July 16, 2025 09:30 AM ET Speaker0Welcome to the TRX Gold Corporation third quarter two thousand and twenty five results presentation. As a reminder, all participants are in a listen only mode, and the meeting is being recorded. After the presentation, there will be an opportunity to ask questions.If you wish to ask a question, please click the q and a icon on the left hand side of your screen. You will see the options raise your hand to join the queue and ask your quest ...

Pinnacle Financial Partners (PNFP) Q2 2025 Earnings Call July 16, 2025 09:30 AM ET Company ParticipantsTerry Turner - President, CEO & DirectorHarold Carpenter - CFOBen Gerlinger - VP - Equity ResearchJared Shaw - Managing DirectorCatherine Mealor - Managing DirectorJackson Singleton - Equity Research AssociateTim Mitchell - Senior Equity Research AssociateTimur Braziler - Director - Mid-Cap Bank Equity ResearchBrian Martin - Director - Banks & ThriftsAnthony Elian - Equity Research – BanksConference Call P ...

Financial Data and Key Metrics Changes - In Q2 2025, total net sales reached €7.7 billion, at the upper end of guidance, primarily due to the revenue recognition of one High NA system and additional upgrade business [5] - Net system sales were €5.6 billion, with €2.7 billion from EUV sales and €2.9 billion from non-EUV sales, driven by Logic at 69% and Memory at 31% [5] - Gross margin for the quarter was 53.7%, above guidance, driven by an increase in upgrade business and lower costs [6] - Net income in Q2 was €2.3 billion, representing 29.8% of total net sales, resulting in earnings per share of €5.9 [6] - Q2 net system bookings were €5.5 billion, with €2.3 billion from EUV and €3.2 billion from non-EUV, weighted towards Logic at 84% [7] Business Line Data and Key Metrics Changes - Installed base management sales for the quarter were €2.1 billion, above guidance [6] - The upgrade business has been strong, with expectations for installed base management revenue to grow more than 20% over last year [11] - The company expects overall EUV revenue growth of around 30% in 2025 compared to 2024 [11] Market Data and Key Metrics Changes - Revenue from China is expected to account for over 25% of total revenue in 2025, reflecting its proportion in the backlog [10] - The company anticipates strong demand related to AI for both logic and memory, with system revenue expected to increase in 2025 compared to 2024 [9][12] Company Strategy and Development Direction - The company continues to focus on advancing its EUV technology and building a comprehensive EUV portfolio to meet customer needs [15] - The strategy includes transitioning customers to advanced nodes and increasing the number of EUV layers, which is expected to drive growth [18] - The company is preparing for a potential growth year in 2026, but acknowledges uncertainties due to macroeconomic and geopolitical factors [12][56] Management's Comments on Operating Environment and Future Outlook - Management highlighted that while demand remains strong, uncertainties related to macroeconomic and geopolitical developments are affecting customer capital expenditure decisions [12][56] - The company expects Q3 total net sales to be between €7.4 billion and €7.9 billion, with a gross margin between 50-52% [14] - Management remains optimistic about long-term growth driven by AI, despite short-term uncertainties [18][88] Other Important Information - The company paid a final dividend of €1.84 per ordinary share, with a total dividend for 2024 of €6.4 per ordinary share [7] - Share buybacks totaled around €1.4 billion in Q2 2025, bringing the total for the buyback program to €5.8 billion [8] Q&A Session Summary Question: Can you elaborate on the EUV capacity and revenue expectations? - Management confirmed that EUV growth is expected to be about 30%, with the delta attributed to the strong performance of the installed base business [24][26] Question: How does the pricing strategy relate to tool value? - Management stated that the ability to increase tool prices is linked to improvements in productivity and performance, which enhances customer value [32] Question: What is the outlook for the DUV business? - Management indicated that the DUV business is expected to remain stable, with China showing stronger demand than previously anticipated [27][44] Question: What has changed in customer conversations regarding 2026? - Management noted increased customer caution due to tariff discussions and geopolitical uncertainties, impacting their investment decisions [56][76] Question: Can you provide insights on memory trends and HBM driven by AI? - Management confirmed that memory revenue remains strong, driven by HBM demand, and expects continued growth in this segment [102]

Rocky Mountain Chocolate Factory (RMCF) Q1 2026 Earnings Call July 16, 2025 09:00 AM ET Company ParticipantsJeff Geygan - Director & Interim CEOCarrie Cass - CFOSean Mansouri - Founder & CEOPeter Sidoti - Founder, Chairman & CEODoug Garber - Managing Partner & Chief Investment OfficerOperatorGood morning, ladies and gentlemen. Thank you for standing by. Welcome to today's conference call to discuss Rocky Mount Chocolate Factory's Financial Results for the Fiscal First Quarter twenty twenty six. At this time ...

Rocky Mountain Chocolate Factory (RMCF) Q1 2026 Earnings Call July 16, 2025 09:00 AM ET Speaker0Good morning, ladies and gentlemen. Thank you for standing by. Welcome to today's conference call to discuss Rocky Mount Chocolate Factory's Financial Results for the Fiscal First Quarter twenty twenty six. At this time, all participants are in a listen only mode. As a reminder, this conference is being recorded.Joining us on the call today is the company's Interim CEO, Jeff Gagan and CFO, Carrie Cass. Please be ...

Loop Industries (LOOP) Q1 2026 Earnings Call July 16, 2025 08:45 AM ET Speaker0Good morning, ladies and gentlemen. Thank you for standing by. Welcome to Loop Industries first quarter fiscal twenty twenty six corporate update call. My name is Emily, and I'll be coordinating your call today. After the presentation, you'll have the opportunity to ask any questions, which you can do so by pressing star followed by the number one on your telephone keypad.This conference is being recorded today, Wednesday, 07/16/ ...

Loop Industries (LOOP) Q1 2026 Earnings Call July 16, 2025 08:45 AM ET Company ParticipantsKevin O'Dowd - VP - Communications & IRDaniel Solomita - Founder, Chairman of the Board of Directors & CEONicolas Lafond - Interim CFOVaryk Kutnick - General Partner & Portfolio ManagerConference Call ParticipantsGerard Sweeney - MD & Senior Research AnalystNone - AnalystMarvin Wolff - Senior AnalystOperatorGood morning, ladies and gentlemen. Thank you for standing by. Welcome to Loop Industries first quarter fiscal t ...

Financial Data and Key Metrics Changes - For Q2 2025, the company reported revenues of $16.8 billion, EPS of $2.13, and a return on tangible equity (ROTCE) of 18.2% [5][10] - Year-to-date revenue reached $34.5 billion, with EPS of $4.73 and ROTCE of 20.6% [5][10] - The firm has achieved six consecutive quarters of durable earnings, indicating consistent performance across varying market conditions [5][10] Business Line Data and Key Metrics Changes - Wealth and Investment Management saw total client assets increase to over $8.2 trillion, with a record profit before tax of $2.2 billion and margins exceeding 28% [6][19] - Institutional franchise revenues were $7.6 billion, with equity markets business contributing $3.7 billion despite a slowdown in strategic and capital markets activity [7][12] - Investment banking revenues reached $1.5 billion, with equity underwriting showing significant improvement, while fixed income underwriting revenues were $532 million [13][14] Market Data and Key Metrics Changes - The company noted a rebound in investment banking activity in June, indicating a recovery in client confidence and market conditions [7][9] - The Asia Pacific region showed strength in equity products, contributing positively to overall performance [12][13] - The firm reported strong net new assets of $59 billion, despite seasonal tax payments impacting flows [19][21] Company Strategy and Development Direction - The company is focused on generating returns on incremental capital deployment and investing for growth across its integrated firm globally [5][8] - Management emphasized the importance of deepening client relationships and expanding lending capabilities, particularly in wealth management [34][35] - The firm is exploring both organic growth opportunities and selective inorganic acquisitions that align with its core strategy [38][46] Management's Comments on Operating Environment and Future Outlook - Management remains constructive on the market environment, expecting continued strong results for clients and shareholders despite ongoing economic and geopolitical uncertainties [9][28] - The company anticipates a healthy investment banking pipeline and active dialogues with clients, suggesting a positive outlook for the second half of 2025 [29][42] - Regulatory reforms are seen as potential tailwinds for profitability, with management expressing confidence in the firm's ability to navigate these changes [8][88] Other Important Information - The company announced a quarterly dividend increase to $1 per share, reflecting its commitment to returning capital to shareholders [8][28] - Total spot assets increased by $54 billion from the prior quarter, with a standardized CET1 ratio of 15% [27][28] - The firm is actively investing in technology and talent to enhance its global footprint and client service capabilities [11][12] Q&A Session Summary Question: Thoughts on incremental return on capital and regulatory environment - Management highlighted the focus on organic growth and the potential for increased profitability through regulatory reforms and capital deployment [33][34] Question: Impact of macro volatility on corporate sentiment - Management noted that if tariff policies remain predictable, it could clear uncertainty and lead to increased strategic activity [41][42] Question: Inorganic opportunities and capital deployment - Management emphasized that any acquisitions must align with the core strategy and enhance operational leverage without distracting from existing opportunities [46][48] Question: Net new assets and advisor recruitment - Management reported strong net new assets across all channels, with significant contributions from workplace initiatives and advisor-led flows [50][52] Question: Stablecoins and market structure legislation - Management is actively monitoring the stablecoin landscape and its potential implications for the firm, though it remains early to assess specific impacts [60][61] Question: Trends in lending through capital markets - Management indicated a potential shift in lending dynamics as regulatory environments normalize, allowing for greater participation in corporate lending [88][90]

Johnson & Johnson (JNJ) Q2 2025 Earnings Call July 16, 2025 08:30 AM ET Speaker0 Good morning, and welcome to Johnson and Johnson's Second Quarter twenty twenty five Earnings Conference Call. All participants will be in a listen only mode until the question and answer session of the conference. This call is being recorded. If anyone has any objections, you may disconnect at this time. I will now turn the conference call over to Johnson and Johnson. You may begin. Speaker1 Hello, everyone. This is Darren Sne ...