Lennox International Inc. (NYSE:LII) Q1 2025 Earnings Conference Call April 23, 2025 9:30 AM ET Company Participants Chelsey Pulcheon - IR Alok Maskara - CEO Michael Quenzer - CFO Conference Call Participants Ryan Merkel - William Blair Tommy Moll - Stephens Jeff Hammond - KeyBanc Joe O'Dea - Wells Fargo Joe Ritchie - Goldman Sachs Nigel Coe - Wolfe Research Julian Mitchell - Barclays Jeff Sprague - Vertical Research Noah Kaye - Oppenheimer Chris Snyder - Morgan Stanley Brett Linzey - Mizuho Deane Dray - RB ...

Vertiv Holdings Co (NYSE:VRT) Q1 2025 Earnings Conference Call April 23, 2025 11:00 AM ET Company Participants Lynne Maxeiner - VP, Global Treasury & Investor Relations David Cote - Executive Chairman Giordano Albertazzi - CEO & Director David Fallon - CFO Conference Call Participants Scott Davis - Melius Research Amit Daryanani - Evercore Steve Tusa - JPMorgan Jeff Sprague - Vertical Research Andrew Obin - Bank of America Merrill Lynch Nicole DeBlase - Deutsche Bank Andy Kaplowitz - Citigroup Nigel Coe - W ...

Nicholas Ashworth Good morning, and welcome to Reckitt's Q1 Trading Update. I'm here with our CEO, Kris Licht; and our CFO, Shannon Eisenhardt, who will take you through some prepared remarks before we then take your questions. Before we start, I would like to draw your attention to the usual disclaimer in respect to forward-looking statements contained on Page 5 of our RNS published this morning. I'll now hand over to Kris. Kris Licht Thank you, Nick. Good morning, everyone, and thank you for joining us. W ...

Orrstown Financial Services, Inc. (NASDAQ:ORRF) Q1 2025 Earnings Conference Call April 23, 2025 9:00 AM ET Company Participants Tom Quinn - President and CEO Adam Metz - Senior Executive Vice President and COO Neel Kalani - EVP and CFO Bob Coradi - CRO David Chajkowski - Chief Credit Officer Conference Call Participants David Long - Raymond James John Schneider - Hovde Group Tim Switzer - KBW Gregory Zingone - Piper Sandler Dan Cardenas - Janney Montgomery Scott Operator Good morning. My name is Julieann, a ...

Veritex Holdings, Inc. (NASDAQ:VBTX) Q1 2025 Earnings Conference Call April 23, 2025 9:30 AM ET Company Participants Will Holford - Director, Strategic Corporate Development Malcolm Holland - Chief Executive Officer Curtis Anderson - Chief Credit Officer Terry Earley - Chief Financial Officer Conference Call Participants Brett Rabatin - Hovde Group, LLC Stephen Scouten - Piper Sandler Companies Michael Rose - Raymond James Financial, Inc. Catherine Mealor - Keefe, Bruyette & Woods, Inc. Gary Tenner - D. A. ...

Zurn Elkay Water Solutions Corporation (NYSE:ZWS) Q1 2025 Earnings Conference Call April 23, 2025 8:30 AM ET Company Participants Bryan Wendlandt - Director of FB&A Todd Adams - Chairman and Chief Executive Officer David Pauli - Chief Financial Officer Conference Call Participants Bryan Blair - Oppenheimer Nathan Jones - Stifel Andrew Krill - Deutsche Bank Mike Halloran - Baird Andrew Buscaglia - BNP Paribas Jeff Hammond - KeyBanc Capital Markets Joe Ritchie - Goldman Sachs Operator Good morning, and welcom ...

Stifel Financial Corp. (NYSE:SF) Q1 2025 Earnings Conference Call April 23, 2025 9:30 AM ET Company Participants Joel Jeffrey - Head, Investor Relations Ron Kruszewski - Chairman & Chief Executive Officer Jim Marischen - Chief Financial Officer Conference Call Participants Devin Ryan - Citizens Mike Brown - Wells Fargo Securities Alex Blostein - Goldman Sachs Steven Chubak - Wolfe Research Bill Katz - TD Cowen Chris Allen - Citi Operator Good day, and welcome to the Stifel Financial First Quarter 2025 Finan ...

Packaging Corporation of America (NYSE:PKG) Q1 2025 Earnings Conference Call April 23, 2025 9:00 AM ET Company Participants Mark Kowlzan - Chairman and CEO Thomas Hassfurther - EVP, Corrugated Products Robert Mundy - EVP and CFO Conference Call Participants George Staphos - Bank of America Securities Mike Roxland - Truist Securities Gabe Hajde - Wells Fargo Mark Weintraub - Seaport Research Partners Anthony Pettinari - Citi Philip Ng - Jeffries Charlie Sands - BNP Paribas Operator Good morning, everyone. Th ...

Financial Data and Key Metrics Changes - The company reported a stabilization in production, achieving approximately 950 barrels of oil per day, with expectations to increase this by 50% by the end of the year [12][19] - Lease operating expenses (LOE) were reduced from over $800,000 per month to an average of $765,000 in 2024, with a target of around $700,000 per month for 2025 [65][66] - The company is hedged at 70% or greater at $70 per barrel through 2025, which provides some stability against market fluctuations [30][84] Business Line Data and Key Metrics Changes - The company is focusing on the Seven Rivers waterflood project, with plans to develop 250 patterns, each expected to produce 20 barrels of oil per day [19][20] - The horizontal drilling potential in the San Andres formation has been identified, with 50 wells expected to yield 300 to 500 barrels of oil per day [16][36] Market Data and Key Metrics Changes - The company is navigating volatility in oil pricing and tariffs that impact oil prices, which is a concern for the overall market [7][78] - The management expressed optimism about the oil market, suggesting that any reduction in oil prices may be short-lived due to the social costs faced by oil-producing countries [84] Company Strategy and Development Direction - The company plans to acquire a 10% royalty from the seller for approximately $15 million, which is expected to be accretive to shareholders [11][72] - Future strategies include cutting general and administrative expenses and lease operating expenses to improve profitability [21][74] - The company aims to make at least one acquisition in the year, focusing on Permian properties and gas opportunities [22][72] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges faced in 2024 but emphasized the importance of infrastructure repairs and upgrades for future profitability [20][25] - The company expects a significant improvement in 2025, with plans to increase production and reduce costs [19][21] - Management is optimistic about the potential for horizontal drilling and workovers, indicating a bright future for the company [90][91] Other Important Information - The company has made significant strides in cleaning up its balance sheet, including settling liabilities and reducing debt [43][45] - The management team is committed to a balanced approach to funding, avoiding excessive equity dilution and debt [48][51] Q&A Session Summary Question: What are your largest concerns that might negatively impact your plans? - The largest concern is market volatility, particularly oil prices and tariffs [78] Question: What are your plans regarding future use of stock in lieu of cash for accounts payable and other liabilities? - The company plans to use stock sparingly for settling debts related to acquisitions and services [80] Question: Are you still working on the workover wells, or is this less of a priority compared to Seven Rivers? - Workovers are a top priority and are tied to the development of the Seven Rivers project [87] Question: What are you doing to negotiate and benchmark parts, pumps, and other goods necessary for productivity savings? - The company conducts thorough bidding processes to ensure the best value for parts and services [95] Question: If oil prices recover to $85 to $90 per barrel, would you increase production faster? - The company would accelerate workovers and drilling if funding allows, but will proceed cautiously [102] Question: Is the $52.8 million revenue sharing of volumetric funding arrangement with Enstream Capital still on track for June 2025 closing? - The lender has indicated that the deal is still on track, but the company remains cautious [106][109] Question: What is your relationship with drilling permits in New Mexico? - The regulatory environment has improved, potentially reducing the permit process from eight to six months [115]

Steel Dynamics, Inc. (NASDAQ:STLD) Q1 2025 Results Conference Call April 23, 2025 11:00 AM ET Company Participants David Lipschitz - Director, IR Mark Millett - Chairman & CEO Theresa Wagler - EVP & CFO Barry Schneider - President & COO Conference Call Participants Katja Jancic - BMO Timna Tanners - Wolfe Research Carlos de Alba - Morgan Stanley Tristan Gresser - BNP Paribas Chris LaFemina - Jefferies Bill Peterson - JPMorgan Mike Harris - Goldman Sachs Andrew Jones - UBS John Tumazos - Very Independent Res ...