International Business Machines Corporation (NYSE:IBM) Q1 2025 Earnings Conference Call April 23, 2025 5:00 PM ET Company Participants Olympia McNerney - Global Head of IR Arvind Krishna - Chairman, President and CEO James Kavanaugh - SVP and CFO Conference Call Participants Jim Schneider - Goldman Sachs Wamsi Mohan - Bank of America Amit Daryanani - Evercore ISI Ben Reitzes - Melius Research Erik Woodring - Morgan Stanley Brian Essex - JPMorgan Matt Swanson - RBC Capital Markets Operator Welcome. And thank ...

Dave Pahl Welcome to the Texas Instruments Incorporated first quarter 2025 earnings conference call. I'm Dave Pahl, and I'm joined by our Chief Executive Officer, Haviv Ilan, and our Chief Financial Officer, Rafael Lizardi. In addition, Mike Beckman has joined us. As you may know, I will be retiring, and Mike will replace me as Vice President of Investor Relations. Mike has worked at Texas Instruments Incorporated for nearly two decades and has worked directly with me in investor relations for five years. M ...

Century Communities, Inc. (NYSE:CCS) Q1 2025 Earnings Conference Call April 23, 2025 5:00 PM ET Company Participants Tyler Langton - SVP, IR Dale Francescon - Executive Chairman Rob Francescon - President and CEO Scott Dixon - CFO Conference Call Participants Carl Reichardt - BTIG Jay McCanless - Wedbush Alan Ratner - Zelman & Associates Andrew Azzi - JPMorgan Ken Zener - Seaport Research Partners Alex Barrón - Housing Research Center Operator Good afternoon, ladies and gentlemen. And welcome to the Century ...

SEI Investments Company (NASDAQ:SEIC) Q1 2025 Results Conference Call April 23, 2025 5:00 PM ET Company Participants Brad Burke - Head of Investor Relations Ryan Hicke - Chief Executive Officer Sean Denham - EVP, Chief Financial Officer Sanjay Sharma - EVP and Global Head of Private Banking & Wealth Management, SEI Phil McCabe - EVP, Head of SEI's Investment Manager Services Michael Lane - EVP, Head of Asset Management Paul Klauder - EVP, Head of SEI’s Advisor business Conference Call Participants Owen Lau ...

ASGN Incorporated (NYSE:ASGN) Q1 2025 Earnings Conference Call April 23, 2025 4:30 PM ET Company Participants Kimberly Esterkin - Vice President of Investor Relations Ted Hanson - Chief Executive Officer Shiv Iyer - President Marie Perry - Chief Financial Officer Rand Blazer - Executive Vice Chairman Conference Call Participants Tobey Sommer - Truist Securities Mark Marcon - Robert W. Baird Kevin McVeigh - UBS Trevor Romeo - William Blair Jeff Silber - BMO Capital Markets Surinder Thind - Jefferies Joseph V ...

IMAX Corporation (NYSE:IMAX) Q1 2025 Earnings Conference Call April 23, 2025 4:30 PM ET Company Participants Jennifer Horsley - Head of Investor Relations Rich Gelfond - Chief Executive Officer Natasha Fernandes - Chief Financial Officer Rob Lister - Chief Legal Officer Conference Call Participants Eric Wold - Texas Capital Securities Chad Beynon - Macquarie David Karnovsky - JP Morgan Eric Handler - ROTH Capital David Joyce - Seaport Research Partners Omar Mejias - Wells Fargo Steven Frankel - Rosenblatt S ...

Vertiv (VRT) Q1 2025 Earnings Call April 23, 2025 07:23 PM ET Company Participants Lynne Maxeiner - Vice President of Global Treasury & Investor RelationsDavid Cote - Executive ChairmanGiordano Albertazzi - Director & CEODavid Fallon - Chief Financial OfficerScott Davis - CEO & ChairmanAmit Daryanani - Senior Managing Director - Equity ResearchSteve Tusa - Managing DirectorJeffrey Sprague - Founder and Managing PartnerAndrew Obin - MD - Equity ResearchAndrew Kaplowitz - Managing DirectorNigel Coe - Managing ...

Financial Data and Key Metrics Changes - For Q1 2025, the company reported net income and adjusted net income of $26 million, with reported earnings per diluted share at $1.52 and $1.53 on an adjusted basis [7][29] - The adjusted net interest margin (NIM) on a tax-equivalent basis increased by one basis point compared to the previous quarter [7][31] - Non-interest income for the first quarter was $17 million, including $7 million from capital markets revenue [10][34] - The effective tax rate for the quarter was 1%, down from 9% in the prior quarter [53] Business Line Data and Key Metrics Changes - The wealth management business generated $5 million in revenue for Q1, reflecting a 14% annualized increase from the prior quarter [35][36] - Non-interest expenses decreased by $7 million or 13% to $47 million, well below the guidance range of $52 to $55 million [13][37] - Total loans held for investment grew by $39 million or 2% annualized, with loan growth funded by a robust expansion in core deposits of $332 million [40][43] Market Data and Key Metrics Changes - Total core deposit growth was robust at 20% annualized, enhancing liquidity and reducing reliance on wholesale funding [10][43] - The company experienced strong deposit betas, actively managing deposit costs as the Federal Reserve reduced interest rates [32][33] Company Strategy and Development Direction - The company is focused on the growth potential of its wealth management business, expecting continued long-term growth fueled by strategic investments [12][36] - The long-term securitization strategy supports the ongoing success of the LIHTC business and drives substantial capital market revenue [42][110] - The company aims to maintain a CET1 ratio above 10% while optimizing the mix and quality of its capital as it grows [52][50] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the long-term resilience of markets and the financial health of clients despite macroeconomic uncertainties [16][23] - The company suspended its full-year loan growth guidance due to heightened uncertainty, providing a revised guidance of 4% to 6% for Q2 2025 [9][61] - Management noted that the LIHTC lending business is beginning to normalize as clients adjust to the current environment [11][82] Other Important Information - The company’s allowance for credit losses as a percent of total loans held for investment stood at 1.32% at the end of Q1 [15][48] - The tangible common equity to tangible assets ratio increased by 15 basis points to 9.70% at quarter-end, driven by strong earnings [50] Q&A Session Summary Question: Loan growth outlook and guidance reconciliation - Management acknowledged modest loan growth in Q1 due to elevated payoffs but expressed confidence in achieving 4% to 6% growth in Q2 [61][62] Question: Provision for credit losses expectations - Management indicated that a lower provision is likely if loan growth remains muted, aligning with the lower guidance [63][64] Question: Fixed-rate loans repricing cadence - Management confirmed success in rolling up rates on new fundings, with a weighted average rate of 7.21% for the quarter [66][67] Question: Expectations for non-capital markets revenue - Management expects non-interest income to grow at 6% or better, with strong performance in wealth management [76][77] Question: LIHTC business and project timing - Management noted that uncertainty in Washington had previously slowed LIHTC projects, but activity is starting to pick up again [100][101] Question: Securitization plans and timing - Management indicated that the timing of the next securitization will depend on the pace of LIHTC growth, with a potential large securitization planned [110][112] Question: Credit quality and tariff exposure - Management conducted a credit analysis and identified minimal high-risk exposure related to tariffs, with most clients having shifted imports away from China [126][130]

ResMed Inc. (NYSE:RMD) Q3 2025 Earnings Conference Call April 23, 2025 4:30 PM ET Company Participants Mick Farrell - Chairman & Chief Executive Officer Salli Schwartz - Chief Investor Relations Officer Brett Sandercock - Chief Financial Officer Conference Call Participants Lyanne Harrison - Bank of America Margaret Kaczor - William Blair Davin Thillainathan - Goldman Sachs Anthony Petrone - Mizuho Group David Low - JPMorgan Saul Hadassin - Barrenjoey Dan Hurren - MST Matt Taylor - Jefferies Steve Wheen - J ...

Watsco (WSO) Q1 2025 Earnings Call April 23, 2025 06:32 PM ET Company Participants Albert Nahmad - Chairman & CEOPaul Johnston - Executive Vice PresidentBarry Logan - Executive VP of Planning & Strategy and SecretaryJeffrey Sprague - Founder and Managing PartnerTommy Moll - Managing DirectorAaron Nahmad - PresidentRyan Merkel - Co-Group Head–IndustrialsBrett Linzey - Executive DirectorJeffrey Hammond - Managing DirectorChris Snyder - Executive DirectorRick Gomez - Vice President of Corporate DevelopmentStev ...