ThredUp (TDUP) Q1 2025 Earnings Call May 05, 2025 04:30 PM ET Speaker0 Good afternoon, ladies and gentlemen, and welcome to the ThredUP First Quarter twenty twenty five Earnings Conference Call. At this time, all lines are in listen only mode. Following the presentation, we will conduct a question and answer session. This call is being recorded on Monday, May fifth of twenty twenty five. I would now like to turn the conference over to Lauren Fresh. Please go ahead. Speaker1 Good afternoon, everyone, and tha ...

Ekso Bionics (EKSO) Q1 2025 Earnings Call May 05, 2025 04:30 PM ET Speaker0 Greetings, and welcome to the Ekso Bionics First Quarter twenty twenty five Financial Results Conference Call. At this time, all participants are in a listen only mode. A question and answer session will follow the formal presentation. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Stephen Comer of Investor Relations. Thank you. You may begin. Speaker1 Thank you, operator, and good af ...

Oppenheimer Holdings (OPY) FY 2025 Annual General Meeting May 05, 2025 04:30 PM ET Speaker0 Hello, and welcome to the Annual Meeting of Stockholders of Oppenheimer Holdings Incorporated. During the meeting, you can submit questions or comments at any time. If you are a Class B shareholder, you may enter a question or comment at any time by clicking on the q and a icon. If you are a Class A shareholder and have a question, you may e mail that question to infopco dot com. It is now my pleasure to turn today's ...

Financial Data and Key Metrics Changes - Total investment income for Q1 2025 was $2,000,000, a slight decline of $59,000 or 3% from the prior year period, primarily due to lower dividend income and an 8% reduction in interest income [18] - Net investment income increased by 45% year over year to $1,200,000 or $0.42 per share, compared to $840,000 or $0.33 per share in Q1 2024 [21] - Net asset value per share decreased to $21.99 from $25.31 at year-end 2024, reflecting the dilutive impact from the issuance of additional shares [22] Business Line Data and Key Metrics Changes - The portfolio stood at a fair value of approximately $62,000,000 across 19 businesses, a decline from year-end 2024, primarily due to loan repayments from three portfolio companies [10] - Debt investments now represent 72% of the portfolio, up from prior years, supporting greater earnings stability [11] - The annualized weighted average yield on debt investments was 12.2%, down from prior quarters due to one debt investment being on nonaccrual status [11] Market Data and Key Metrics Changes - The number of portfolio companies contributing to investment income decreased to 18 from 24 in the same period last year [18] - Exposure to professional services decreased from 48% to 45%, and manufacturing declined from 13% to 8%, while consumer products grew as a share of the portfolio [14] Company Strategy and Development Direction - The company aims to maintain a strong financial position and has repaid $600,000 of its revolver debt, ending the quarter with nearly $5,000,000 in cash and over $22,000,000 in available credit capacity [6] - The focus remains on disciplined execution, proactive portfolio oversight, and building sustainable shareholder value [7] - The investment strategy prioritizes structures where subordinated debt provides a yield-based return while capturing potential upside through equity participation [12] Management's Comments on Operating Environment and Future Outlook - Management acknowledged ongoing macroeconomic and political uncertainty affecting new investment opportunities but remains optimistic about capitalizing on conditions as they improve [6][27] - The company is committed to driving NAV growth and total returns through active portfolio oversight and sound financial management [28] Other Important Information - The company declared a regular quarterly cash dividend of $0.29 per share, payable on or about June 13, 2025 [23] - The Board of Directors renewed the share repurchase program, authorizing the repurchase of up to 1,500,000 shares [24] Q&A Session Summary - No specific questions or answers were documented in the provided content, thus this section is not applicable.

JBT Marel (JBT) Q1 2025 Earnings Call May 05, 2025 11:00 AM ET Company Participants Marlee Spangler - Senior Director - Investor RelationsBrian Deck - President & CEOÁrni Sigurdsson - PresidentMatthew Meister - EVP & CFOJustin Ages - Director - Equity Research Conference Call Participants Mircea Dobre - Associate Director of Research & Senior Research AnalystRoss Sparenblek - Equity Research Analyst Operator Welcome to JBT Morell's Earnings Conference Call for the First Quarter of twenty twenty five. My nam ...

Park Hotels & Resorts (PK) Q1 2025 Earnings Call May 05, 2025 10:00 AM ET Company Participants Floris van Dijkum - Managing DirectorIan Weissman - Senior Vice President of Corporate StrategyThomas Baltimore - Chairman, President & CEOSean Dell'Orto - Executive VP, CFO & TreasurerDavid Katz - Managing DirectorDuane Pfennigwerth - Senior Managing DirectorC. Patrick Scholes - Managing Director - Lodging & Leisure Equity ResearchSmedes Rose - DirectorJay Kornreich - VP - Equity ResearchRobin Farley - Managing D ...

Financial Data and Key Metrics Changes - In Q1 2025, the company reported a year-over-year growth in management fees of 18%, FRE growth of 22%, and after-tax realized income per share of Class A common stock growth of 36% [6][25][32] - The total AUM reached $546 billion, marking a significant milestone as it crossed over $5 trillion for the first time [7][25] - The company declared a quarterly dividend of $1.12 per share, representing a 20% increase over the same quarter last year [4][5] Business Line Data and Key Metrics Changes - Fundraising activities reached over $20 billion in gross new capital commitments, the highest level for Q1 fundraising on record [7][15] - The private credit strategies saw a gross to net deployment ratio of 49%, with capital deployment in drawdown funds increasing nearly 20% over the previous quarter [7][9] - The company experienced strong performance across various strategies, with significant inflows in real estate, infrastructure debt, secondaries, and private equity [15][17] Market Data and Key Metrics Changes - The company noted a shift in market conditions due to increased volatility and uncertainty, particularly following the announcement of tariffs and geopolitical events [8][22] - Despite market challenges, the company maintained a record amount of dry powder, with $142 billion available for deployment [9][12] - The European direct lending business saw a 20% year-over-year increase in deployment, indicating a modest acceleration in the European market [82] Company Strategy and Development Direction - The company aims to leverage its asset-light business model and flexible private market strategies to capitalize on market dislocations [10][11] - A focus on credit-related products is emphasized, with over 72% of total AUM in credit-related assets, primarily senior loans [12][22] - The integration with GCP International is progressing well, with expectations of realizing significant synergies in the coming months [24][76] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about navigating current economic uncertainties, citing a strong investment pipeline and the ability to invest opportunistically [22][37] - The company anticipates slower M&A activity until more certainty regarding tariffs and economic conditions is established, but sees potential for enhanced investment opportunities [22][23] - Management highlighted the resilience of the business model during past market dislocations, reinforcing confidence in future performance [10][37] Other Important Information - The company reported a significant increase in fee-related performance revenues, totaling $28 million, a substantial rise from $4 million in Q1 2024 [27] - The effective tax rate on realized income was reported at 8.1%, with expectations of a lower range of 8% to 12% for the remainder of the year [32] Q&A Session Summary Question: What is the outlook for private credit quality given potential negative GDP growth? - Management indicated that 96% of exposure in the Global Credit business is in senior loans, with low loan-to-value ratios, suggesting limited risk of defaults [40][42] Question: Can you discuss the momentum in wealth management and product growth? - Management noted record capital gathering in wealth management, with a broadening distribution network and new product offerings [50][51] Question: What is the outlook for FRE margin expansion? - Management remains optimistic about achieving zero to 150 basis points of margin expansion, despite some drag from GCP integration [58][59] Question: How is the pipeline for M&A and deployment in the current market? - Management highlighted the ability to invest across various strategies even in a subdued M&A environment, with significant dry powder available for opportunistic investments [63][67] Question: What are the opportunities in the European market compared to the U.S.? - Management noted an increase in investor appetite for European products and a modest acceleration in deployment in Europe [80][82]

Financial Data and Key Metrics Changes - Net sales for Q3 2025 decreased by 10.8% to $44 million compared to $49.3 million in Q3 2024 [11] - Net income for Q3 2025 decreased by 23.3% to $10.1 million, or $0.28 per share, compared to $13.2 million, or $0.36 per share, in the same period last year [20] - Adjusted EBITDA for Q3 2025 decreased by 15.4% to $13.2 million, equating to a margin of 30% [22] - The company remains debt-free with cash and cash equivalents totaling $89.3 million as of March 31, 2025 [23] Business Line Data and Key Metrics Changes - Recurring monthly service revenue grew by 10.6% in Q3 to $21.6 million, up from $19.5 million in Q3 2024 [12] - Equipment sales for Q3 decreased by 24.8% to $22.4 million compared to $29.7 million in the same period last year [12] - Gross profit for recurring service revenue increased by 9.5% to $19.6 million, maintaining a gross margin of 91% [15] Market Data and Key Metrics Changes - The company reported that recurring service revenue accounted for 49% of total revenue in Q3 2025 [26] - The annualized run rate for recurring service revenue increased to approximately $89 million based on April 2025 results, up from $86 million in January 2025 [27] Company Strategy and Development Direction - The company is focused on accelerating innovation and expanding its product development pipeline, which is described as the strongest ever [9] - New product lines, including cloud-based solutions, are being introduced to enhance recurring revenue opportunities [27] - The company aims to penetrate markets such as school security, healthcare, and retail loss prevention [28] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term strategy despite external challenges, emphasizing the resilience of the operating model [26] - The company anticipates continued growth in recurring revenue, particularly from the Starlink line of products [27] - Management noted that the security industry remains robust despite economic uncertainties, with ongoing demand for security solutions [78][80] Other Important Information - The company plans to issue a quarterly dividend of $0.14 per share, reflecting a sequential increase [33] - The company has engaged in significant stock buybacks, spending $18.8 million in Q3 and $36.7 million for the nine months [25] Q&A Session Summary Question: Can you discuss the mix of hardware capable of generating recurring services revenue? - The recurring revenue primarily comes from Starlink radios, with new advanced products introduced at ISC West [35] Question: What are you seeing in terms of quoting activities for projects? - Sell-through stats are encouraging, with increases in various segments, indicating improved demand [44] Question: Can you provide more detail on the weakness in the locking products area? - The weakness is attributed to tariff-driven issues and inventory management by distributors [54] Question: How sensitive is the demand for security systems to economic downturns? - The company believes its business is recession-resistant, as security needs persist regardless of economic conditions [80] Question: What is the magnitude of the price increases announced? - An 8.5% surcharge was implemented to cover tariff costs, with a typical annual price increase expected in July [89]

Ares Management (ARES) Q1 2025 Earnings Call May 05, 2025 11:00 AM ET Speaker0 Welcome to the Ares Management Corporation's First Quarter twenty twenty five Earnings Conference Call. At this time, all participants are in a listen only mode. As a reminder, this conference call is being recorded on Monday, 05/05/2025. I will now turn the call over to Greg Mason, Co Head of Public Markets Investor Relations for Ares Management. Please go ahead, sir. Speaker1 Good morning and thank you for joining us today for ...

Financial Data and Key Metrics Changes - Uber's gross bookings grew 20% annually from $65 billion in 2019 to $163 billion in 2024, with adjusted EBITDA improving by over $9 billion to reach $6.5 billion in profits in 2024 [37] - In Q4 2024, gross bookings increased 21% year-on-year on a constant currency basis to $44.2 billion, while adjusted EBITDA grew 44% year-on-year to $1.8 billion [39] - The company achieved its first quarter of over $1 billion in GAAP operating income and converted adjusted EBITDA to free cash flow at over 90% rates [37][39] Business Line Data and Key Metrics Changes - The mobility and delivery businesses showed strong growth, with significant increases in trips and gross bookings [39] - The Uber One membership program reached 30 million members by the end of 2024, up approximately 60% year-on-year [40] - Uber Eats crossed $20 billion in gross bookings in a single quarter for the first time, achieving record highs in adjusted EBITDA and adjusted EBITDA margin [87] Market Data and Key Metrics Changes - Uber operates in over 70 countries and more than 15,000 cities, serving multiple multi-trillion dollar markets across mobility, delivery, and logistics [36] - The company has over 171 million monthly active platform consumers and 8 million earners [39] Company Strategy and Development Direction - Uber aims to be the default choice for the movement of people and things, focusing on building best-in-class products and leveraging its platform for customer acquisition [36][38] - The company plans to enhance its mobility and delivery services, expand in low-density markets, and innovate with AI to improve customer experience [44] - Uber is committed to advancing its autonomous vehicle strategy, with multiple partnerships and a focus on safety and operational excellence [41][42] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in sustaining industry-leading growth despite evolving macroeconomic conditions, with expectations for mid to high teens gross bookings CAGR and high thirties to 40% adjusted EBITDA CAGR through 2026 [42] - The company is focused on delivering commitments to shareholders while navigating economic challenges, emphasizing the importance of affordability and service quality [44][100] Other Important Information - Uber's executive compensation is aligned with performance and market levels, with a focus on attracting and retaining top talent [48][50] - The company has not declared or paid cash dividends, prioritizing share buybacks and reinvestment in growth [75][76] Q&A Session Summary Question: Why is executive compensation so high at Uber? - The board ensures compensation is competitive to attract and retain top executives, aligning incentives with shareholder interests [48] Question: What are Uber's strategies for ensuring fair compensation and support for drivers? - Uber focuses on transparency, providing tools for drivers to make informed decisions, and advocating for safety and fair earnings opportunities [51][54] Question: What steps has Uber taken to maximize and increase driver earnings? - Uber has seen drivers earn a record $72 billion globally, up 22% year-on-year, and continues to introduce features to enhance driver experience and earnings [57][58] Question: Why did you allow your CEO and Uber to donate $2 million to the inauguration of Trump? - Uber has consistently donated to inaugural funds to demonstrate support for major moments in civic life [59] Question: When will Uber start paying a dividend? - Uber does not expect to declare or pay cash dividends in the near future, focusing on share buybacks and reinvestment [75][76] Question: What measures is Uber taking to ensure safety as EVs are integrated into the platform? - Uber emphasizes high safety standards for autonomous vehicles, requiring them to be significantly safer than human drivers [78][79] Question: What markets outside of the United States have seen success with the Uber for teens program? - Brazil has shown strong growth in the Uber for teens program, approaching U.S. trip volumes despite launching later [83] Question: What are the next overall metrics that you plan to surpass in the Uber Eats category? - Uber Eats aims for continued high teens growth, expanding merchant selection and improving delivery reliability [87] Question: What initiatives are you most excited about to drive adoption of Uber One membership? - Uber One membership has grown significantly, with new benefits being introduced to enhance user engagement and retention [90] Question: What is Uber's broader partnership strategy? - Uber seeks to deepen loyalty and engagement through partnerships across various business lines, enhancing value for users and merchants [94][96] Question: How do economic downturns affect earner sign-ups and engagement on the Uber platform? - Historical data suggests that driver supply tends to increase during economic downturns, improving service reliability and consumer experience [100]