Loar Holdings (LOAR) Q1 2025 Earnings Call May 13, 2025 10:30 AM ET Company Participants Ian Mckillop - Director - Investor RelationsDirkson Charles - Founder, CEO & Executive Co-ChairmanBrett Milgrim - Executive Co-ChairmanGlenn D’Alessandro - CFOKen Herbert - Managing DirectorSheila Kahyaoglu - Managing DirectorBrad Eyster - Automotive Equity Research Senior Associate Conference Call Participants Kristine Liwag - Analyst Operator Greetings, and welcome to the Lohr Holdings First Quarter twenty twenty five ...

Financial Data and Key Metrics Changes - Ampco Pittsburgh Corporation reported earnings per common share of $0.06 for Q1 2025, an improvement of $0.20 compared to the prior year quarter [4] - Adjusted EBITDA for the quarter was $8,800,000, up from $5,100,000 in Q1 2024, indicating significant EBITDA improvements across both segments [4] - Consolidated net sales for Q1 2025 were $104,300,000, a decline of approximately 5% compared to Q1 2024, but a 3% increase sequentially versus Q4 2024 [24] - Net income attributable to Ampco Pittsburgh for Q1 2025 was $1,100,000, compared to a net loss of $2,700,000 in the prior year, reflecting a $0.20 per share EPS improvement [27] Business Segment Data and Key Metrics Changes - The Forged and Cast Engineered Products segment reported net sales of $72,300,000 for Q1 2025, down from $77,720,000 in Q1 2024, but segment EBITDA improved to $8,270,000 from $6,000,000 [8] - The Air and Liquid Systems segment had record order intake driven by the nuclear market, with adjusted EBITDA increasing to $3,800,000 from $2,200,000 in the prior year [15][21] Market Data and Key Metrics Changes - Global steel demand remains soft but stable in North America and Europe, with U.S. tariffs on rules currently limited to a baseline of 10% [9][10] - The company expects to benefit from the tariffs as they create a significant tailwind for the domestic FEP business, with projected sales and margins rising from $11,800,000 in 2024 [12][13] Company Strategy and Development Direction - The company is focused on enhancing profitability through pricing, operational efficiency, and disciplined management of external risks, including tariffs and geopolitical uncertainties [13] - There is a strong emphasis on the nuclear market, with expectations for record levels of orders and shipments, particularly for heat exchangers [16][21] Management's Comments on Operating Environment and Future Outlook - Management anticipates some near-term impacts in Q2 due to market reactions to recent tariffs but intends to protect margins by passing costs to customers [5] - The company remains optimistic about the future, particularly in the nuclear sector, and expects continued strong demand from the U.S. Navy for pumps [18][21] Other Important Information - The total backlog as of March 31, 2025, was $368,500,000, an increase of 6% compared to the previous year [27] - The company made a pension contribution of $800,000 during the quarter, with capital expenditures of $2,200,000 [28] Q&A Session Summary Question: No questions were registered during the Q&A session - The operator noted that there were no questions from participants, and the session concluded without any inquiries [29][30]

Financial Data and Key Metrics Changes - Ampco Pittsburgh Corporation reported earnings per common share of $0.06 for Q1 2025, an improvement of $0.20 compared to the prior year quarter [4] - Adjusted EBITDA for the quarter was $8,800,000, up from $5,100,000 in Q1 2024, indicating significant EBITDA improvements across both segments [4] - Consolidated net sales for Q1 2025 were $104,300,000, a decline of approximately 5% compared to Q1 2024, but a 3% increase sequentially versus Q4 2024 [24] - Net income attributable to Ampco Pittsburgh for Q1 2025 was $1,100,000, compared to a net loss of $2,700,000 in the prior year [26] Business Segment Data and Key Metrics Changes - The Forged and Cast Engineered Products segment reported net sales of $72,300,000 for Q1 2025, down from $77,720,000 in Q1 2024, but segment EBITDA improved to $8,270,000 from $6,000,000 [7][8] - The Air and Liquid Systems segment had record order intake driven by the nuclear market, with adjusted EBITDA increasing to $3,800,000 from $2,200,000 in the prior year [15][21] Market Data and Key Metrics Changes - Global steel demand remains soft but stable in North America and Europe, with U.S. tariffs on rolls currently at 10% [9] - The company expects to benefit from the reduction of tariffs on imports from the U.S. to China, which will relieve pressure on shipments [10] - The total backlog as of March 31, 2025, was $368,500,000, a 6% increase compared to the previous year [26] Company Strategy and Development Direction - The company aims to protect margins by passing through negative effects of tariffs to customers [5] - There is a focus on enhancing profitability through pricing, operational efficiency, and disciplined management of external risks, including tariffs and geopolitical uncertainties [12] - The company is positioned to benefit from growth opportunities in the distribution of bar and block products as imports face new costs [12] Management's Comments on Operating Environment and Future Outlook - Management expects some near-term impacts in Q2 due to market and supply chain reactions to recent tariffs but remains optimistic about margin protection [5] - The nuclear market is seen as a preferred power option, with expectations for record levels of orders and shipments in the coming year [17] - Management acknowledges potential short-term supply chain issues due to tariffs but believes they could lead to increased demand for products in the long term [21] Other Important Information - The company implemented a change in non-GAAP measures reporting, now focusing on adjusted EBITDA instead of consolidated adjusted operating income [23] - Total selling and administrative expenses increased by 5% year-over-year due to inflationary pressures [25] - The company made a pension contribution of $800,000 during the quarter [28] Q&A Session Summary Question: No questions were registered during the Q&A session - The session concluded without any questions being asked [30][32]

Financial Data and Key Metrics Changes - In Q1 2025, total sales increased to $150 million, representing a 12% increase compared to the prior year period [15] - Net organic sales increased by 11.1% over the prior period [17] - Gross profit margin for Q1 2025 increased by 370 basis points compared to the prior year period [17] - Adjusted EBITDA was up $10 million in Q1 2025 versus Q1 2024, with adjusted EBIT margins at 37.6% [18][22] Business Line Data and Key Metrics Changes - Commercial aftermarket sales increased by 13% in Q1 2025 versus Q1 2024 and were up 15% sequentially from Q4 2024 [16] - Total commercial OEM sales increased by 8% in Q1 2025 compared to the prior year period [16] - Defense sales increased by 30% due to strong demand across multiple platforms and an increase in market share from new product launches [17] Market Data and Key Metrics Changes - The company expects commercial OEM to grow in high single digits and commercial aftermarket to grow in double digits for 2025 [20] - Defense end markets are expected to grow in high double digits, between 17% to 20% [20] Company Strategy and Development Direction - The company aims to achieve above-market growth rates by providing an entrepreneurial and collaborative environment for its business units [6] - Focus on launching new products to drive organic top-line growth of 1% to 3% annually [13] - Continuous improvement in margins through strategic initiatives and price increases above inflation [9][22] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strength of demand across all end markets, with no degradation observed [20] - The company is ahead of its plan on value pricing and productivity initiatives, expecting to meet or exceed guidance for 2025 [20] - Management noted that the current tariff environment has had an insignificant impact on results [22] Other Important Information - The company plans to close the acquisition of L and B Fans and Motors in Q3 2025, which is not included in the current guidance [22] - Capital expenditures for the year are expected to be approximately $14 million, with an effective tax rate of around 30% [22] Q&A Session Summary Question: Are you seeing any incremental pushback on pricing from airlines in your commercial aftermarket channel? - Management noted no pushback on pricing and indicated they are actually receiving more price this year than last year [28][30] Question: What drove the robust growth in defense sales, and what is expected for the remainder of the year? - Management indicated that defense sales are typically lumpy and the strong Q1 growth is not necessarily indicative of the entire year [41] Question: Can you discuss the impact of potential procurement reforms on your business? - Management stated they would assess any changes once finalized but emphasized their current efficiency in working with government procurement [60]

Fuel Tech Inc (FTEK) Q1 2025 Earnings Call May 13, 2025 10:00 AM ET Company Participants Devin Sullivan - Managing DirectorVincent Arnone - Chairman, CEO & PresidentEllen Albrecht - VP, CFO & Treasurer Conference Call Participants Amit Dayal - Managing Director & Senior Technology AnalystMarc Silk - CEO, Investment Advisor, Portfolio Manager & AnalystWilliam Bremer - Analyst Operator Greetings, and welcome to the Fuel Tech twenty twenty five First Quarter Financial Results Conference Call and Webcast. At th ...

Landsea Homes (LSEA) Q1 2025 Earnings Call May 13, 2025 10:00 AM ET Company Participants Drew Mackintosh - Founder and PrincipalJohn Ho - CEO & DirectorMike Forsum - COO & PresidentChris Porter - CFO Operator Good day, everyone, and welcome to today's Landsea Homes Corporation First Quarter twenty twenty five Earnings Call. At this time, all participants are in a listen only mode. Please note, this call may be recorded, and I will be standing by if you should need any assistance. It is now my pleasure to tu ...

Sotherly Hotels (SOHO) Q1 2025 Earnings Call May 13, 2025 10:00 AM ET Company Participants Scott Kucinski - Executive VP & COOAnthony Domalski - VP & CFODavid Folsom - President & CEO Conference Call Participants Alexander Goldfarb - Managing Director & Senior Analyst Operator Good morning, all, and thank you for joining us for the Suverley Hotels Q1 twenty twenty five Conference Call and Webcast. My name is Carly, and I'll be coordinating the call today. I'd now like to hand over to our host, Scott Kukinsk ...

Urban One (UONE) Q1 2025 Earnings Call May 13, 2025 10:00 AM ET Company Participants Alfred Liggins - CEOPeter Thompson - Executive VP & CFOBen Briggs - DirectorKen Silver - Managing Director Conference Call Participants Aaron Watts - Managing Director, Media, Entertainment, Cable, & Satellite Credit Analyst Operator Ladies and gentlemen, thank you for standing by, and welcome to the Urban One twenty twenty five First Quarter Earnings Call. As a reminder, this conference is being recorded. We will begin thi ...

Hudson Global (HSON) Q1 2025 Earnings Call May 13, 2025 10:00 AM ET Company Participants Jeffrey Eberwein - CEOMatt Diamond - CFOJake Zabkowicz - Global CEO of Hudson RPO Conference Call Participants Marc Riddick - Business Services AnalystNone - Analyst Operator Good morning, and welcome to the Hudson Global Conference Call for the First Quarter of twenty twenty five. Our call today will be led by Chief Executive Officer, Jeff Eberwein Chief Financial Officer, Matt Diamond and Global CEO, Hudson RPO, Jake ...

Landsea Homes (LSEA) Q1 2025 Earnings Call May 13, 2025 10:00 AM ET Company Participants Drew Mackintosh - Founder and PrincipalJohn Ho - CEO & DirectorMike Forsum - COO & PresidentChris Porter - CFO Operator Good day, everyone, and welcome to today's Landsea Homes Corporation First Quarter twenty twenty five Earnings Call. At this time, all participants are in a listen only mode. Please note, this call may be recorded, and I will be standing by if you should need any assistance. It is now my pleasure to tu ...