PJT Partners (NYSE:PJT) Q4 2025 Earnings call February 03, 2026 08:30 AM ET Company ParticipantsAlex Bond - VP of Equity ResearchBrendan O'Brien - SVPDevin Ryan - Director of Financial Technology ResearchHelen Meates - CFOPaul Taubman - Chairman and CEOSharon Pearson - Head of Investor RelationsConference Call ParticipantsBrennan Hawken - Senior Equity Research AnalystJames Mitchell - Senior Equity AnalystMichael Brown - Managing Director and Senior Equity Research AnalystNone - AnalystOperatorGood day and ...

AMETEK (NYSE:AME) Q4 2025 Earnings call February 03, 2026 08:30 AM ET Company ParticipantsDalip Puri - EVP and CFODavid Zapico - Chairman and CEOKevin Coleman - VP of Investor Relations and TreasurerConference Call ParticipantsAndrew Buscaglia - AnalystAndrew Obin - AnalystBrett Linzey - AnalystChris Snyder - AnalystChristian Zijlstra - AnalystDeane Dray - AnalystJamie Cook - AnalystJoe Giordano - AnalystJulian Mitchell - AnalystMatt Summerville - AnalystNicole DeBlase - AnalystRob Wertheimer - AnalystRober ...

Financial Data and Key Metrics Changes - For the full year 2025, total revenues were $1.714 billion, up 15% year over year, marking a record result for the firm [5] - Fourth quarter revenues were $535 million, up 12% year over year, also a record quarter [5] - Adjusted pre-tax income for the full year was $357 million, with an adjusted pre-tax margin of 20.8% [8] - Adjusted earnings per share were $6.98 for the full year, compared to $5.02 in 2024 [9] - The firm ended the year with record cash balances of $586 million and no funded debt outstanding [10] Business Line Data and Key Metrics Changes - Strategic Advisory was the primary driver of revenue growth, with record revenues for both the fourth quarter and the year [5][13] - Restructuring and PJT Park Hill also contributed significantly, with PJT Park Hill achieving its strongest quarter ever [12][13] - Adjusted compensation expense for the full year was $1.15 billion, with a compensation ratio of 67.1%, down from 69% in 2024 [6] Market Data and Key Metrics Changes - Global primary fundraising volumes declined for the fourth consecutive year, while interest in secondary products grew [12] - M&A activity increased sharply in 2025, with global announced volumes significantly up, making it the second-best year for announced M&A activity [13] Company Strategy and Development Direction - The company aims to invest in its firm and people while returning capital to shareholders primarily through share repurchases [4] - The firm is focused on expanding its advisory capabilities and integrating its services, moving away from breaking out revenue by advisory placement [11] - The management believes the firm is well-positioned to capitalize on favorable deal environments due to its expanded footprint and enhanced capabilities [15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the continued demand for restructuring services, citing a multi-year period of elevated activity [21] - The outlook for M&A activity remains positive, with expectations of continued strength in capital markets and CEO confidence [14][32] - Geopolitical risks and debates surrounding AI development may impact market sentiment, but the firm remains optimistic about its growth prospects [14][78] Other Important Information - The board approved a quarterly dividend of $0.25 per share [10] - The firm plans to report revenue as a single line item going forward, reflecting its strategic priority of expanding advisory capabilities [11] Q&A Session Summary Question: Outlook for Restructuring Activity - Management indicated that the restructuring business is in a multi-year period of elevated activity, driven by over-leveraged balance sheets and technological disruption [21][20] Question: M&A Activity and Market Conditions - Management believes the M&A market has not yet reached its full potential and expects elevated deal activity to continue due to favorable macroeconomic conditions [32] Question: Compensation Ratio Outlook - Management noted that the compensation ratio had peaked and is expected to continue to decline, with guidance to be provided in the first quarter results [34] Question: Private Capital Solutions Opportunities - Management highlighted the growth potential in private capital solutions, particularly in secondary markets, and expects to gain market share [69] Question: Competition for Talent in Restructuring - Management emphasized the importance of talent and culture, expressing confidence in attracting and retaining top talent in the restructuring business [71]

fuboTV (NYSE:FUBO) Q1 2026 Earnings call February 03, 2026 08:30 AM ET Company ParticipantsAmeet Patel - Head of Investor RelationsClark Lampen - Managing DirectorDavid Gandler - CEOConference Call ParticipantsBrent Penter - AnalystDavid Joyce - Senior Equity Analyst and Media SectorDoug Arthur - Managing Director and Senior Research AnalystLaura Martin - Senior Entertainment and Internet AnalystPatrick Sholl - Research AnalystOperatorHello and thank you for standing by. My name is Tiffany and I will be you ...

Capri Holdings (NYSE:CPRI) Q3 2026 Earnings call February 03, 2026 08:30 AM ET Company ParticipantsBrooke Roach - Managing Director of Equity ResearchJay Sole - Managing DirectorJennifer Davis - VP of Investor RelationsJohn Idol - Chairman and CEOOliver Chen - Managing Director of Retail, Luxury and New Platforms Sector HeadPaul Lejuez - Managing DirectorRaj Mehta - CFORick Patel - Managing DirectorConference Call ParticipantsAdrienne Yih - Director and Senior Equity AnalystAneesha Sherman - Senior AnalystB ...

Galaxy Digital (NasdaqGS:GLXY) Q4 2025 Earnings call February 03, 2026 08:30 AM ET Company ParticipantsChris Ferraro - President and CIODevin Ryan - Head of Financial Technology ResearchGarrett Roberts - Managing Director- Head of Financing SalesGreg Lewis - Managing DirectorJames Faucette - Managing DirectorJames Yaro - Managing Director, Equity ResearchJoe Vafi - Managing Director, Equity ResearchJonathan Goldowski - Head of Investor RelationsMartin Toner - Managing Director, Institutional Research, Growt ...

Archer Daniels Midland Company (NYSE:ADM) Q4 2025 Earnings call February 03, 2026 08:30 AM ET Company ParticipantsBen Theurer - Managing DirectorBen Theurer - Managing DirectorJuan Luciano - Chair and CEOKate Walsh - Head of Investor RelationsMatthew Blair - Managing DirectorMonish Patolawala - EVP and CFOSteven Haynes - Equity Research AssociateConference Call ParticipantsAndrew Strelzik - Senior Equity Research AnalystHeather Jones - Founder and Principal AnalystManav Gupta - Executive Director and Senior ...

Capri Holdings (NYSE:CPRI) Q3 2026 Earnings call February 03, 2026 08:30 AM ET Company ParticipantsBrooke Roach - Managing Director of Equity ResearchJay Sole - Managing DirectorJennifer Davis - VP of Investor RelationsJohn Idol - Chairman and CEOOliver Chen - Managing Director of Retail, Luxury and New Platforms Sector HeadPaul Lejuez - Managing DirectorRaj Mehta - CFORick Patel - Managing DirectorConference Call ParticipantsAdrienne Yih - Director and Senior Equity AnalystAneesha Sherman - Senior AnalystB ...

fuboTV (NYSE:FUBO) Q1 2026 Earnings call February 03, 2026 08:30 AM ET Company ParticipantsAmeet Patel - Head of Investor RelationsClark Lampen - Managing DirectorDavid Gandler - CEOConference Call ParticipantsBrent Pinter - AnalystDavid Joyce - Senior Equity Analyst and Media SectorDoug Arthur - Managing Director and Senior Research AnalystLaura Martin - Senior Entertainment and Internet AnalystPatrick Sholl - Research AnalystOperatorHello and thank you for standing by. My name is Tiffany and I will be you ...

Financial Data and Key Metrics Changes - Revenues for Q4 2025 were $62.6 million, a 1.7% increase from $61.6 million in Q4 2024. Full year 2025 revenues were $245.6 million, up 1.4% from $242.2 million in 2024 [8][10] - Services revenues for Q4 2025 were $34.6 million, accounting for 55.3% of total revenues, with a 1% increase year-over-year. Annual services revenues reached $130.7 million, a 0.4% increase from $130.2 million in 2024 [8][10] - GAAP gross margin for Q4 2025 was 65.6%, down from 66.2% in Q4 2024. Operating income for Q4 was $3.7 million, or 6% of revenues, compared to $4.1 million, or 6.7% of revenues in Q4 2024 [9][10] - Full year 2025 net income was $9 million, or $0.31 per diluted share, down from $15.3 million, or $0.15 per diluted share in 2024 [10][11] Business Line Data and Key Metrics Changes - The connectivity business accounted for approximately 93% of total revenue, maintaining a stable operating margin above 14% in 2025, with a long-term target of 16%-18% [18][19] - The Voice AI business generated about 7% of total revenue, growing from over $12 million in 2024 to nearly $17 million in 2025, representing a 35% year-over-year increase [19][30] - Annual recurring revenue from the combined live managed services and Voice AI business reached $79 million at the end of 2025, reflecting a 22% growth year-over-year [15][16] Market Data and Key Metrics Changes - Revenue by geographical region for Q4 2025: North America (47%), EMEA (35%), Asia Pacific (13%), and Central and Latin America (5%) [9] - The backlog for live services reached $75 million at the end of 2025, compared to $69 million at the end of 2024 [17] Company Strategy and Development Direction - The company aims to transition from a focus on connectivity solutions to an AI-first, Voice AI-led business application model, targeting significant growth in the Voice AI sector [15][19] - Continued investment in sales and marketing for Voice AI is expected to drive further growth, with a goal of reaching $50 million in revenue by 2028 [19][30] - The company plans to maintain revenue growth and margin expansion while strengthening its leadership in Voice AI-driven applications for UCaaS and CX markets [15][24] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the recovery of the connectivity business and the growth trajectory of the Voice AI segment, with expectations of continued strong annual recurring revenue momentum [14][15] - The company anticipates revenues for 2026 to be in the range of $247 million to $255 million, with non-GAAP diluted earnings per share projected at $0.60 to $0.75 [13][24] Other Important Information - The company declared a cash dividend of $0.20 per share, totaling approximately $5.4 million, to be paid on March 6, 2026 [12] - The company ended 2025 with 981 employees, an increase from 946 at the end of 2024 [22] Q&A Session Summary Question: Is the 40%-50% annual growth for conversational AI intended to be a CAGR through 2028? - Management expects growth to come from both new customer acquisition and increased spending per customer, with significant investments in R&D for Voice AI [42][44] Question: How has the shift in market expectations around AI impacted pipeline visibility? - Management noted improved visibility and size of the pipeline as customers move from testing to broader adoption of voice AI products [46] Question: What impact from tariffs should be considered for 2026 financials? - Tariff impacts are expected to decrease from $2.7 million in 2025 to approximately $2.3 million in 2026, with gross margins anticipated to improve due to a shift towards software and services [47][49]