Financial Data and Key Metrics Changes - The company reported a record revenue of $50.5 billion and adjusted EBIT of $2.6 billion for the quarter, with a year-over-year revenue growth of over 9% [7][19] - Adjusted free cash flow was strong at $4.3 billion for the quarter, totaling $5.7 billion year-to-date, with nearly $33 billion in cash and $54 billion in liquidity [20][19] - The company expects adjusted EBIT guidance for 2025 to be between $6 billion and $6.5 billion, reflecting a $1 billion net headwind from tariffs [25][19] Business Line Data and Key Metrics Changes - Ford Pro delivered revenue of $17.4 billion and EBIT of $2 billion, with revenue and volume growth of 11% and 9% respectively [21] - Ford Model e experienced revenue and volume growth driven by new product introductions in Europe, but EBIT losses increased due to lower net pricing and higher spending on next-generation vehicles [22] - Ford Blue achieved EBIT of $1.5 billion, with revenue growth exceeding wholesale unit growth, despite higher costs driven by tariffs [23] Market Data and Key Metrics Changes - The total U.S. market share grew to 12.8%, with significant contributions from key products like F-150, Bronco, Explorer, and Expedition [17] - The company continues to lead the hybrid truck market with about 70% share, and the all-new Expedition gained over three points of segment share [17] - The industry conditions were strong, with a seasonally adjusted annual rate (SAR) of 17 million and positive pricing trends [16] Company Strategy and Development Direction - The Ford+ plan aims to capitalize on regional market trends, fragmented customer needs, and increasing competition, particularly from Chinese OEMs [9] - The company is focusing on hybrids and developing a universal EV platform to meet future market demands, with production of LFP cells expected to start later this year [10] - Strategic partnerships and innovation are emphasized to achieve cost efficiency and quality improvements [10][14] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the underlying business performance, despite challenges from the Novelis fire and tariff impacts [24][25] - The company anticipates a gradual recovery from the Novelis incident, with plans to mitigate production losses in 2026 [30] - Management highlighted the importance of adapting to evolving customer demands and regulatory changes in the EV market [64][104] Other Important Information - The company announced a regular dividend of $0.15 per share, payable on December 1st [20] - The management team emphasized the need for a disciplined approach to inventory management and market opportunities [17] Q&A Session Summary Question: Clarification on Novelis recovery - Management confirmed that the hot mill at Novelis is expected to be operational by late November, with plans to recover lost production in 2026 [30][31] Question: Impact of chip supply disruptions - Management indicated that they are actively working with U.S. and Chinese administrations to resolve chip supply issues, which are critical for production [33] Question: Warranty cost improvements - Management noted that warranty costs were down year-over-year, with expectations for further reductions in the coming year [40][41] Question: Industry pricing discipline - Management expressed confidence in maintaining pricing discipline due to strong segment drivers and a fresh product lineup [42][44] Question: Emissions compliance opportunities - Management discussed the potential for significant cost savings and optimization of vehicle mix due to changes in emissions regulations [48][104] Question: Guidance comparison - Management clarified that the updated guidance reflects strong performance in the core business, with improvements in material costs and credit performance [53][107]

Associated Banc-Corp (NYSE:ASB) Q3 2025 Earnings Call October 23, 2025 05:00 PM ET Company ParticipantsJon Arfstrom - MD, Associate Director of US ResearchDerek Meyer - CFOScott Siefers - MDAndy Harmening - President and CEOPat Ahern - Chief Credit OfficerJared Shaw - MDDaniel Tamayo - VPConference Call ParticipantsTimur Braziler - Senior Equity AnalystOperatorGood afternoon, everyone, and welcome to Associated Banc-Corp's third quarter 2025 earnings conference call. My name is Diego, and I will be your ope ...

SS&C (NasdaqGS:SSNC) Q3 2025 Earnings Call October 23, 2025 05:00 PM ET Company ParticipantsRahul Kanwar - President and COOJustine Stone - Head of Investor RelationsBrian Schell - CFOBill Stone - Chairman and CEOJames Faucette - Managing DirectorAlexei Gogolev - Executive DirectorDan Perlin - Managing DirectorKevin McVeigh - Managing DirectorConference Call ParticipantsPeter Heckmann - Managing Director and Senior Equity Research AnalystJeff Schmitt - Financial Services and Technology Research AnalystPatri ...

Business First Bancshares (NasdaqGS:BFST) Q3 2025 Earnings Call October 23, 2025 05:00 PM ET Company ParticipantsFeddie Strickland - Director of Equity ResearchMichael Rose - Research AssociateGreg Robertson - CFOMatt Sealy - SVP, Director of Corporate Strategy, and FP&AChristopher Marinac - Director of ResearchJude Melville - CEO and ChairmanConference Call ParticipantsMatt Olney - Equity Research AnalystOperatorHello and thank you for standing by. My name is Mark, and I will be your conference operator to ...

World Kinect (NYSE:WKC) Q3 2025 Earnings Call October 23, 2025 05:00 PM ET Company ParticipantsBraulio Medrano - Senior Director of FP&A and Investor RelationsIra Birns - President and CFOMichael Kasbar - Chairman and CEOConference Call ParticipantsNone - AnalystOperatorThank you for standing by and welcome to World Kinect Corporation's third quarter 2025 earnings conference call. At this time, all participants are in a listen-only mode. After the speaker presentation, there will be a question-and-answer se ...

Financial Data and Key Metrics Changes - For Q3 2025, diluted earnings per share increased to $0.96 from $0.86 in the linked quarter, primarily due to a reduction in provision for credit losses and an increase in net interest income [18] - Net interest income rose to $43 million from $42.5 million in the linked quarter, while the net interest margin (NIM) was 4.05%, slightly down from 4.07% [18][19] - The consolidated common equity Tier 1 risk-based capital ratio was 14.41%, and the Tier 1 leverage ratio was 12.37% as of September 30, 2025 [8] Business Line Data and Key Metrics Changes - Loans held for investment decreased by $45.5 million to $3.05 billion, primarily due to a $46.5 million decrease in multifamily property loans [9] - The indirect auto loan portfolio remained relatively unchanged at $239 million, down from $296 million a year ago, with a focus on maintaining credit quality [13][15] - Non-interest income for Q3 was $11.2 million, down from $12.2 million in the linked quarter, mainly due to a decrease in mortgage banking revenues [16][17] Market Data and Key Metrics Changes - Deposits increased by $142.2 million to $3.88 billion, with significant growth in non-interest-bearing deposits, which rose to $50.7 million [19] - The non-interest-bearing deposit-to-total deposit ratio increased to 27% from 26.7% in the linked quarter [19] Company Strategy and Development Direction - The company aims to grow its lending team by up to 20% to enhance loan growth, with a focus on organic growth and potential M&A opportunities [5][7] - The management is optimistic about accelerating loan growth in 2026, despite current headwinds from higher-than-normal loan paydowns [5][16] - The company is actively engaging in discussions with potential acquisition targets that align with its conservative nature and culture [6][54] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the bank's strong financial position and the potential for organic growth, while also being cautious about economic conditions [4][21] - The management noted that while there have been challenges, such as increased loan paydowns, they expect these to moderate in the coming year [9][16] - The company remains focused on maintaining asset quality and is prepared for varying economic conditions [21] Other Important Information - The company redeemed $50 million in subordinated debt, which was done to avoid higher interest rates as the debt was transitioning to a floating rate [22] - The tangible common equity to tangible assets ratio was 10.25%, an increase of 27 basis points from the previous quarter [22] Q&A Session Summary Question: Plans for increasing the lending team - The company plans to increase its lending team by up to 20%, with a current base of about 40 lenders, focusing solely on production staff [27][30] Question: Growth in specific markets - Growth is expected in the Permian, Houston, and Dallas MSA markets [30] Question: Concerns about subprime loan concentration - Management clarified that there has not been a significant increase in subprime loans, and any changes in credit scores are being monitored closely [33][34] Question: Impact of redeemed subordinated debt - The $50 million subordinated debt was redeemed to avoid an increase in interest payments, with no additional expenses incurred from the redemption [36][38] Question: Vulnerability of the commercial real estate book - Management acknowledged that while there are scheduled payoffs, they are not lowering credit standards and are focused on finding new business [88]

Financial Data and Key Metrics Changes - In Q3, the company reported revenue of $13.7 billion, exceeding guidance and up 6% sequentially [19] - Non-GAAP gross margin was 40%, four percentage points better than guidance, driven by higher revenue and a favorable mix [20] - Earnings per share for Q3 were $0.23, compared to guidance of break-even EPS, due to higher revenue and stronger gross margin [20] - Operating cash flow was $2.5 billion, with gross CapEx of $3 billion and positive adjusted free cash flow of $900 million [21] Business Line Data and Key Metrics Changes - Intel products revenue was $12.7 billion, up 7% sequentially, driven by strong demand in both client and server segments [22] - Client Computing Group (CCG) revenue was $8.5 billion, up 8% quarter-over-quarter, supported by a stronger pricing mix and Windows 11-driven refresh [22] - Data Center and AI (DCAI) revenue was $4.1 billion, up 5% sequentially, driven by improved product mix and higher enterprise demand [23] - Intel Foundry revenue was $4.2 billion, down 4% sequentially, but operating loss improved by $847 million due to favorable comparisons [25][26] Market Data and Key Metrics Changes - The company noted that customer purchasing behavior and inventory levels are healthy, with industry supply tightening materially [18] - The client consumption total addressable market (TAM) is expected to approach 290 million units in 2025, marking two consecutive years of growth [23] - Demand for server CPUs is expected to grow due to the rapid expansion of AI infrastructure and underinvestment in traditional infrastructure [24] Company Strategy and Development Direction - The company is focused on rebuilding its market position through AI and enhancing its x86 architecture to meet new computing demands [9][10] - A new Central Engineering Group has been created to unify engineering functions and improve product development efficiency [10] - The company aims to position itself as a compute platform of choice for AI inference workloads, with plans to launch successive generations of inference-optimized GPUs [13] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding macroeconomic conditions and the potential for CPU TAM growth in 2026 [18] - The company is committed to improving its competitive position and addressing supply constraints while managing customer demand effectively [18][45] - Management highlighted the importance of building long-term trust with customers in the Foundry business and ensuring reliable performance and yield [40][41] Other Important Information - The company received significant funding from the U.S. government and strategic investments from Nvidia and SoftBank Group, strengthening its cash position [21] - The company plans to prioritize deleveraging and maintain a disciplined approach to capital expenditures [51] Q&A Session Summary Question: On the Foundry side, do any of the collaborative announcements or equity investments contribute to increased confidence? - Management noted that partnerships, particularly with SoftBank, are expected to drive demand for Foundry capacity, and progress on technology nodes is encouraging [33] Question: Can you walk us through the gross margin dynamics for 2026? - Management indicated that while Altera's absence will be a headwind, improvements in Foundry gross margins are expected as the product mix shifts towards leading-edge technologies [36] Question: How are conversations with customers regarding Foundry commitments progressing? - Management emphasized the importance of demonstrating yield improvement and reliability to build customer trust and secure commitments [40] Question: Where is the shortage in server CPUs coming from? - Management stated that shortages are widespread, particularly in Intel 10 and 7, and are exacerbated by substrate shortages in the market [45] Question: Is the outlook for demand outpacing supply focused on server or client products? - Management confirmed that both segments are experiencing tight supply, with expectations of peak shortages in Q1 [48] Question: How has the improved cash position influenced investment strategies? - Management indicated that while deleveraging remains a priority, there is flexibility to increase CapEx if demand justifies it [51] Question: Can you provide an update on the Nvidia relationship and product timing? - Management highlighted the collaboration with Nvidia as a significant opportunity to expand the total addressable market without cannibalizing existing products [72]

Financial Data and Key Metrics Changes - The company reported record adjusted revenue of $1.569 billion, an increase of 7% year-over-year, and adjusted diluted earnings per share of $1.57, reflecting a 17.2% increase [5][12] - Adjusted consolidated EBITDA reached $619 million, up 9.3%, resulting in a quarterly adjusted consolidated EBITDA margin of 39.5% [5][13] - Cash from operating activities for the nine months ended September 30, 2025, was $1.101 billion, a 22% increase over the prior year [6][15] - The company returned $305 million to shareholders in Q3, including $240 million for share repurchases and $65.8 million in dividends [6][7] Business Line Data and Key Metrics Changes - The GIDS business experienced a 9% revenue growth, while GlobeOp reported a 9.6% revenue growth, contributing to the overall performance [5][12] - Financial services recurring revenue growth was 6.7% in Q3 [5] Market Data and Key Metrics Changes - The company noted strength across all alternative markets and capitalized on international opportunities, particularly in Australia and the U.S. [5][10] - The acquisition of Curo Fund Services is expected to enhance the company's presence in the African market, which is still developing compared to Europe and the U.S. [7][26] Company Strategy and Development Direction - The company aims to enhance user interfaces and client experiences as competitive differentiators, particularly through emerging technologies [10] - Intelligent automation and AI are viewed as both revenue opportunities and means to improve operational efficiency [9][10] - The company is focused on high-quality acquisitions and has recently completed the acquisition of Calastone, which adds capabilities in money markets, ETFs, and digital assets [8][7] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the fourth quarter and the remainder of the year, expecting continued strong performance [15][18] - The company anticipates revenue growth of approximately 4.5% in Q4 and has raised its full-year revenue guidance [17][18] - Management acknowledged the competitive landscape but remains confident in the company's growth trajectory despite some lost business [31][32] Other Important Information - The company is hosting its annual Deliver Conference, which will showcase its latest offerings and advancements in AI [18] - The effective non-GAAP tax rate was reported at 21.1% for the quarter [13] Q&A Session Summary Question: Contribution of Pathea to Q4 organic growth - Management expects Pathea to contribute approximately $25 million in Q4, up from $16 million in the previous year [20][21] Question: Details on organic growth mechanics - A significant portion of organic growth was attributed to a large liftout in Sydney, Australia, completed on July 1 [22][23] Question: Curo Fund Services deal attraction and revenue - The African market's potential and existing relationships with large insurers were key attractions, with Curo generating approximately $15 million in revenue [26][27] Question: Update on agentic AI implementation - The company is integrating AI across its business, enhancing existing technologies with smarter agents [28] Question: Impact of lost business from State Street - Management indicated a small impact from lost business but remains confident in overall growth [31] Question: Margin outlook with GIDS and GlobeOp growth - The company expects continued margin improvement due to strong performance from GlobeOp and efforts to enhance GIDS margins [32] Question: Seasonality of Calastone's revenue - Management stated that Calastone does not have significant seasonality that would impact overall growth rates [39] Question: M&A pipeline and Intralinks growth - Early indicators show improvement in the M&A pipeline, although revenue growth may lag behind [42] Question: Confidence in healthcare business growth - Management expressed cautious optimism about the healthcare business, highlighting its potential for large deals [43]

McGrath RentCorp (NasdaqGS:MGRC) Q3 2025 Earnings Call October 23, 2025 05:00 PM ET Company ParticipantsJoe Hanna - CEOKeith Pratt - CFOConference Call ParticipantsDaniel Moore - Equity AnalystScott Schneeberger - Senior AnalystMark Riddick - Senior Equity AnalystOperatorLadies and gentlemen, thank you for standing by. Welcome to the McGrath RentCorp third quarter 2025 earnings call. At this time, all conference participants are in a listen-only mode. Later, we will conduct a question-and-answer session. At ...

Associated Banc-Corp (NYSE:ASB) Q3 2025 Earnings Call October 23, 2025 05:00 PM ET Company ParticipantsJon Arfstrom - MD, Associate Director of US ResearchDerek Meyer - CFOScott Siefers - MDAndy Harmening - President and CEOPat Ahern - CCOJared Shaw - MDDaniel Tamayo - VPConference Call ParticipantsTimur Braziler - Senior Equity AnalystOperatorGood afternoon, everyone, and welcome to Associated Banc-Corp's third quarter 2025 earnings conference call. My name is Diego, and I will be your operator today. At t ...