Eastman Chemical Company (NYSE:EMN) Q1 2025 Earnings Conference Call April 25, 2025 8:00 AM ET Company Participants Greg Riddle - IR Mark Costa - Board Chair & CEO William McLain - EVP & CFO Conference Call Participants Patrick Cunningham - Citigroup David Begleiter - Deutsche Bank Aleksey Yefremov - KeyCorp Vincent Andrews - Morgan Stanley Jeff Zekauskas - JPMorgan Kevin McCarthy - Vertical Research Partners Frank Mitsch - Fermium Research Michael Sison - Wells Fargo James Cannon - UBS Operator Good day, e ...

GreenTree Hospitality Group Ltd. (NYSE:GHG) Q4 2024 Earnings Conference Call April 24, 2025 8:00 AM ET Company Participants Rene Vanguestaine - Investor Relations Alex Xu - Chairman & Chief Executive Officer Selina Yang - Chief Financial Officer Conference Call Participants Bruce Mi - UBS Operator Good day, and welcome to the GreenTree Hospitality Group Limited Fourth Quarter and Fiscal Year 2024 Financial Results Conference Call. All participants will be in listen-only mode. [Operator Instructions] After t ...

Karin Daly Good morning and thank you for joining us today. This morning Donegal Group issued its First Quarter 2025 Earnings Release Outlining its Results. The release and a supplemental investor presentation are available in the Investor Relations section of Donegal's website at www.donegalgroup.com. Please be advised that today's conference was prerecorded and all participants are in listen-only mode. Speaking today will be President and Chief Executive Officer, Kevin Burke; Chief Financial Officer, Jeff ...

Rithm Capital Corp. (NYSE:RITM) Q1 2025 Earnings Conference Call April 25, 2025 8:00 AM ET Company Participants Emma Bolla - Associate General Counsel Michael Nierenberg - Chairman, CEO & President Nick Santoro - CFO Baron Silverstein - President, Newrez Conference Call Participants Bose George - KBW Doug Harter - UBS Eric Hagen - BTIG Jason Weaver - JonesTrading Kenneth Lee - RBC Capital Markets Giuliano Bologna - Compass Point Randy Binner - B. Riley FBR Crispin Love - Piper Sandler Operator Good day and ...

Celestica Inc. (NYSE:CLS) Q1 2025 Earnings Conference Call April 25, 2025 8:00 AM ET Company Participants Matthew Pallotta - Head, Investor Relations and Senior Director, Finance Rob Mionis - President and Chief Executive Officer Mandeep Chawla - Chief Financial Officer Conference Call Participants David Vogt - UBS Samik Chatterjee - JPMorgan George Wang - Barclays Ruben Roy - Stifel Thanos Moschopoulos - BMO Capital Markets Steven Fox - Fox Advisors Paul Treiber - RBC Capital Markets Robert Young - Canacco ...

Lazard Inc. (NYSE:LAZ) Q1 2025 Earnings Conference Call April 25, 2025 8:00 AM ET Company Participants Peter Orszag - Chairman, Chief Executive Officer Mary Ann Betsch - Chief Financial Officer Evan Russo - Chief Executive Officer, Asset Management Alexandra Deignan - Head of Investor Relations and Treasury Conference Call Participants Mike Brown - Wells Fargo James Yaro - Goldman Sachs Ben Rubin - UBS Ryan Kenny - Morgan Stanley Alex Jenkins - Citizens JMP Brendan O’Brien - Wolfe Research Operator We stan ...

Erie Indemnity Company (NASDAQ:ERIE) Q1 2025 Earnings Conference Call April 25, 2025 10:00 AM ET Company Participants Scott Beilharz - Vice President- Investor Relations Tim NeCastro - President and Chief Executive Officer Julie Pelkowski - Executive Vice President and Chief Financial Officer Conference Call Participants Operator Good morning, and welcome to the Erie Indemnity Company First Quarter 2025 Earnings Conference Call. This call was prerecorded, and there will be no question-and-answer session fol ...

Financial Data and Key Metrics Changes - For Q1 2025, the company's net investment income was approximately $6.1 million or $0.09 per share, slightly up from approximately $6 million or $0.09 per share in the prior quarter [7] - The net asset value per share decreased to $2.09 from $2.30 in the prior quarter [7] - Total investment income for the first quarter was approximately $10.2 million, remaining consistent with the prior quarter [8] - The company recorded combined net unrealized and realized losses on investments of approximately $14.2 million or $0.20 per share, a significant increase from approximately $2.7 million or $0.04 per share in the prior quarter [8] Business Line Data and Key Metrics Changes - The investment activity during the quarter included purchases of approximately $16 million, sales of approximately $10.7 million, and repayments of approximately $8.7 million [9] - The company distributed $0.105 per share to common stock shareholders during the quarter [8] - A total of approximately 1.3 million shares were issued in an aftermarket offering, resulting in net proceeds of approximately $3.5 million [10] Market Data and Key Metrics Changes - The US loan market performance weakened, with US loan prices decreasing from 97.33% of par as of December 31 to 96.31% of par as of March 31 [12] - Pricing dispersion was noted, with BB rated loan prices decreasing by 82 basis points, B rated loan prices decreasing by 134 basis points, and CCC rated loan prices decreasing by 211 basis points on average [13] - The 12-month trailing default rate for the loan index decreased to 0.82% from 0.91% at the end of December, but the overall default rate, including various liability management exercises, remained elevated at 4.31% [13] - The distress ratio ended the quarter at 3.21%, up from 3.02% at the end of 2024 [13] - US leveraged loan primary market issuance was $141.1 billion, representing a 2% decrease compared to the same quarter in the previous year [14] - US loan fund inflows were approximately $1.94 billion for the quarter [14] Company Strategy and Development Direction - The company continues to focus on portfolio management strategies aimed at maximizing long-term total return, leveraging its position as a permanent capital vehicle to adopt a longer-term investment strategy [15] Management's Comments on Operating Environment and Future Outlook - Management noted the weakening performance in the US loan market and highlighted the challenges posed by pricing dispersion and elevated default rates [12][13] - The company remains committed to its investment strategy despite the current market conditions [15] Other Important Information - The Board of Directors declared monthly distributions of $0.035 per share for the months ending July, August, and September of 2025 [10] Q&A Session Summary Question: No questions were raised during the Q&A session - There were no questions from participants during the call [17]

POSCO Holdings Inc. (NYSE:PKX) Q1 2025 Earnings Conference Call April 24, 2025 2:00 AM ET Company Participants Kim Sung-Jin - Head of Finance & Investor Relations Hong Yoon-Sik - Head of Marketing Strategy Conference Call Participants Lee Hyun-soo - Yuanta Securities Kim Yoon Sang - iM Securities Park Hyun-Wook - Hyundai Motor Securities Annie Guo - TD Securities Operator Good afternoon. Thank you for joining us for the POSCO Holdings Earnings Call. Today we will have a presentation by POSCO Holdings follow ...

First BanCorp (FBP) Q1 2025 Earnings Call April 25, 2025 07:13 AM ET Company Participants Ramón Rodríguez - SVP - Corporate Strategy & IRAurelio Alemán-Bermudez - President & CEOOrlando Berges-González - Executive VP & CFOFrank Schiraldi - Managing DirectorBrett Rabatin - Managing Director & Head of Equity ResearchSteve Moss - Director - Banking & ArlingtonKelly Motta - MD - Equity ResearchTimur Braziler - Director - Mid-Cap Bank Equity Research Operator Hello, everyone, and thank you for joining the First ...