Oatly Group (NasdaqGS:OTLY) Q3 2025 Earnings Call October 29, 2025 08:00 AM ET Company ParticipantsDaniel Ordoñez - Global President and COOMarie-José David - CFOBrian Kearney - Head of Investor RelationsJean-Christophe Flatin - CEOConference Call ParticipantsSamu Wilhelmsson - Credit Research AnalystAndrew Lazar - Stock AnalystDara Mohsenian - MD and Senior Equity AnalystTom Palmer - Equity Research AnalystJohn Baumgartner - Senior Research AnalystOperatorGood day and welcome to the Oatly Group AB third qu ...

Extreme Networks (NasdaqGS:EXTR) Q1 2026 Earnings Call October 29, 2025 08:00 AM ET Company ParticipantsStan Kovler - SVP of Finance and Corporate DevelopmentKevin Rhodes - EVP and CFOEd Meyercord - President and CEOConference Call ParticipantsChris Schwab - AnalystMike Genovese - Senior Research AnalystDave King - AnalystRyan Koontz - Senior Research AnalystDavid Vogt - Senior Equity AnalystEric Martinuzzi - Senior Research AnalystOperatorThank you for standing by. My name is Rebecca, and I will be your co ...

SiteOne Landscape Supply (NYSE:SITE) Q3 2025 Earnings Call October 29, 2025 08:00 AM ET Company ParticipantsScott Salmon - EVP of Strategy and DevelopmentJohn Guthrie - EVP, CFO, and Assistant SecretaryDoug Black - Chairman and CEOEric Elema - VP of Finance and Corporate ControllerConference Call ParticipantsDavid Manthey - AnalystJeffrey Stevenson - AnalystAndrew Carter - AnalystRyan Merkel - AnalystCharles Perron-Pich - AnalystDamian Karas - AnalystJulian Nirmal - AnalystNone - AnalystElizabeth Langan - A ...

Financial Data and Key Metrics Changes - Third quarter net revenues were $931 million, an increase of more than 2% from $910 million in the year-ago period [16] - Adjusted EPS was $0.42 compared to $0.41 in the year-ago period, reflecting lower interest costs and tax initiatives [17] - Consolidated adjusted EBITDA was $168 million compared to $171 million in the year-ago period [17] Business Line Data and Key Metrics Changes - Retail revenue of $864 million increased 1% compared to the third quarter of 2023, with retail volume growing 1% excluding foam products [16] - Reynolds Wrap retail sales were up 7%, with volumes outperforming the category [9] - Hefty Waste Bags saw retail takeaways increase by 9%, outperforming the category by 10 points [31] Market Data and Key Metrics Changes - The operating environment remains challenging, particularly for low and middle-income consumers facing cost inflation [8] - The company noted that inflation remains around 3%, above the Fed's target of 2% [33] - Consumer sentiment has declined, with double-digit decreases year to date heading into the holidays [33] Company Strategy and Development Direction - The company is focusing on innovation and revenue growth management to drive share gains and profitability [39] - A new Chief Commercial Officer is leading growth programs to enhance market share across major customers [9] - The company is investing in high-return projects to support growth and drive margin improvements [21] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in retail trends and the effectiveness of implemented programs to drive near and long-term results [19] - The company anticipates net revenues to be flat to down 1% for the full year compared to 2024 [19] - Management highlighted the importance of maintaining cost discipline in all areas, including SG&A [19] Other Important Information - The company is making progress in managing manufacturing, supply chain, and SG&A costs while driving market share [7] - New product innovations, such as Reynolds Kitchens Air Fryer liners, have been recognized for their growth potential [10] - The company is positioned well within its target leverage range of 2x-2.5x EBITDA, allowing for continued investment in growth opportunities [21] Q&A Session Summary Question: How do you see the setup for the important holiday season in terms of promotional intensity and consumer behavior? - Management noted increased promotional activity in waste and food bags but feels confident in navigating the promotional environment [31][32] - Consumer sentiment remains under pressure, with inflation and cooling labor markets impacting lower-income demographics [33][34] Question: Can you elaborate on the risk of retailers shifting store brands to other suppliers? - Management flagged this risk due to economic challenges and uncertainty in supply chains, but expects to win more than lose as a US-centric manufacturer [34] Question: What is the grand plan related to operational capabilities and long-term growth? - The company is focused on driving growth through innovation, revenue growth management, and share gains at the customer level [39] Question: What is the outlook for the tableware business and foam products? - The tableware business is down primarily due to foam headwinds, but profitability has increased despite volume declines [42][43] Question: How is the Hefty Waste and Storage segment performing in terms of profitability and distribution? - The segment continues to perform well, with significant volume growth and effective management of promotional activities [46][47] Question: What is the current state of consumer behavior regarding dining out versus cooking at home? - There are modest tailwinds from increased cooking at home, but rising prices in the marketplace are also a factor [64]

Bausch + Lomb (NYSE:BLCO) Q3 2025 Earnings Call October 29, 2025 08:00 AM ET Company ParticipantsPatrick Wood - Managing DirectorSam Eldessouky - CFO and EVPTom Stephan - VP of Healthcare Equity ResearchYehia Hashad - Head of R&D and Chief Medical OfficerDavid Roman - Managing DirectorBrent Saunders - Chairman and CEOGeorge Gadkowski - VP and Head of Investor Relations and Business InsightsLily Lazada - VP of Equity ResearchJoanne Wuensch - Managing DirectorConference Call ParticipantsYoung Li - SVP and Equ ...

Financial Data and Key Metrics Changes - Total net revenue for Q3 2025 was $49.7 million, an increase of $7.4 million or 17% compared to the prior year, primarily due to higher U.S. sales [21] - Net product revenue was $48.6 million, reflecting a $6.7 million or 16% increase [21] - U.S. net product revenue reached $40.9 million, a significant increase of $10.3 million or 34%, driven by a change in customer mix and increased volume [22] - Operating loss for Q3 2025 was $11.1 million, which is $14.1 million or 56% lower than Q3 2024, indicating improved operational efficiency [25] - Operating margin improved to -22% from -60% in the prior year [25] - Cash and investments at the end of the quarter totaled $286.6 million, with no debt and working capital of $446 million [26] Business Line Data and Key Metrics Changes - The transition to a partnered model with Recordati has begun to show results, with product revenue from Europe at $4.1 million, consistent with the prior year [22][23] - Revenue from the rest of the world was $3.6 million, a decline from the prior year, attributed to variability in supply shipments and market demand [23][50] - SG&A expenses were reduced to $19.7 million, a decrease of $17.2 million or 47% compared to the prior year [24] Market Data and Key Metrics Changes - VASCEPA maintained over 50% market share in the IPE market in the U.S., demonstrating resilience five years post-generic entry [11] - The company anticipates that Recordati will fully manage European commercialization by the end of 2025, with sustained momentum in demand across all commercialized European markets [9][10] Company Strategy and Development Direction - The partnership with Recordati marks a strategic shift to a fully partnered commercial model in international markets, aiming to leverage expertise across nearly 100 markets [5][6] - The company is focused on reducing the cardiovascular disease burden globally, with a commitment to operational efficiency and cost savings of $70 million over the next year [8] - The transition to a partnered model is expected to enhance revenue generation and operational efficiency, with a focus on maximizing the clinical impact of VASCEPA [12][19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strategic actions taken and the potential for growth, particularly in underpenetrated markets [19] - The company is optimistic about achieving positive free cash flow by 2026, supported by a rightsized operating footprint and improved operating margins [26] - The FDA's recent actions regarding fenofibrates are seen as an opportunity to shift clinical practice towards more effective therapies like VASCEPA [14][17] Other Important Information - Restructuring expenses totaled $9.4 million for the quarter, with a total of $32.2 million incurred to date [25] - The company is committed to advancing cardiovascular care through a strong presence at major medical meetings, including the European Society of Cardiology conference [12] Q&A Session Summary Question: U.S. net price trajectory for the back half of 2025 and into 2026 - Management anticipates U.S. net prices to remain consistent for the remainder of 2025, with ongoing negotiations for rebate percentages for 2026 [28][30] Question: Future milestone payments from Recordati - Milestone payments are based on sales performance, triggered as Recordati surpasses $100 million in sales [30] Question: Decline in rest of world revenue - The decline is attributed to variability in supply shipments and the absence of larger launches in the current quarter [48][50]

PPG Industries (NYSE:PPG) Q3 2025 Earnings Call October 29, 2025 08:00 AM ET Company ParticipantsTim Knavish - Chairman and CEOJosh Spector - Executive Director of Chemicals Equity ResearchDuffy Fischer - Equity Research of ChemicalsKevin McCarthy - Partner of Global Chemicals IndustryVincent Andrews - Managing DirectorJohn Roberts - Managing DirectorVince Morales - CFOMichael Sison - Managing DirectorAziza Gazieva - VP and Co-FounderAlex Lopez - Director of Investor RelationsJames Hooper - VPDavid Begleite ...

Oatly Group (NasdaqGS:OTLY) Q3 2025 Earnings Call October 29, 2025 08:00 AM ET Company ParticipantsDaniel Ordoñez - Global President and COOMarie-José David - CFOBrian Kearney - Head of Investor RelationsJean-Christophe Flatin - CEOConference Call ParticipantsSamu Wilhelmsson - Credit Research AnalystAndrew Lazar - Stock AnalystDara Mohsenian - MD and Senior Equity AnalystTom Palmer - Equity Research AnalystJohn Baumgartner - Senior Research AnalystOperatorGood day and welcome to the Oatly Group AB Third Qu ...

Opera (NasdaqGS:OPRA) Q3 2025 Earnings Call October 29, 2025 08:00 AM ET Company ParticipantsSong Lin - CEOFrode Jacobsen is - CFOMatt Wilson - Head of Investor RelationsNaved Khan - Managing Director of Equity ResearchMark Argento - President and Head of Institutional EquitiesRon Josey - Managing Director of Research Internet TeamConference Call ParticipantsJim Callahan - Research Analyst in Internet and Communication Services SectorLance Vitanza - Managing Director and Senior AnalystEric Sheridan - Senior ...

Financial Data and Key Metrics Changes - The company reported core earnings per share of $0.29 for the quarter, adjusting for significant items, while the core loss per share was $0.84 [14][4] - The expected life of loan cash flows increased by approximately $195 million due to lower prepayment speeds and updated assumptions [10][11] - The company announced a new share repurchase authorization of $100 million to enhance shareholder value [4] Business Line Data and Key Metrics Changes - Total loan originations in the Consumer Lending segment grew to $788 million, a 58% increase year-over-year, driven by over 100% growth in refinance originations [17] - The Federal Education Loan segment's net interest margin for Q3 was 84 basis points, up 14 basis points from the previous quarter [15] - The Consumer Lending segment's net interest margin was 239 basis points, compared to 232 basis points in the second quarter [18] Market Data and Key Metrics Changes - The company experienced a record high in school lending originations of $260 million, the highest quarterly volume in its history [5] - Delinquency rates improved from 19% to 18.1%, while the net charge-off rate increased slightly to 15 basis points [16] - The company raised its full-year total loan originations guidance to approximately $2.4 billion, over 30% higher than initial guidance [17] Company Strategy and Development Direction - The company is focused on reducing operating expenses and has exceeded its initial goal of $400 million in run-rate expense reductions ahead of schedule [8][22] - The company aims to capitalize on growth opportunities in the refinance market, particularly among high-quality borrowers, as interest rates potentially decrease [6][13] - The company plans to provide an update on its growth strategy for the Earnest business on November 19th [13] Management's Comments on Operating Environment and Future Outlook - Management noted that the operating environment is influenced by changes in public policy and borrower repayment behavior, which have affected delinquency and charge-off rates [27][66] - The outlook for the fourth quarter is a range of $0.30 to $0.35 per share, reflecting continued strong origination growth and expense reductions [15][23] - Management expressed confidence in the company's ability to finance rapid asset growth through ABS issuances and other financing strategies [49][50] Other Important Information - The company completed its fourth term ABS financing of the year, backed by refinance loan collateral, indicating strong investor demand [12] - The total reserve build in the quarter was driven by various factors, including changes in borrower behavior and macroeconomic outlook [20][21] Q&A Session Summary Question: Inquiry about provision and delinquencies - Management explained that the provision expense reflects incremental defaults and lower prepayment rates, particularly in legacy portfolios [26][28] Question: Clarification on credit weakness sources - Management indicated that the majority of credit weakness is concentrated in legacy portfolios, with some changes in newer products but not as significant [38] Question: Discussion on reserve rate stabilization - Management noted that the reserve rate is influenced by new originations and the quality of loans, with expectations for the allowance to decrease as the portfolio runs off [57] Question: Impact of macroeconomic conditions on provisions - Management stated that macroeconomic conditions contributed minimally to the current provision, with the majority driven by trends in the legacy portfolio [77] Question: Outlook on competition and market opportunities - Management highlighted the company's strong position in the market and the potential for growth in both refinance and in-school lending segments [86][88]