Perma-Fix Environmental Services (PESI) Q1 2025 Earnings Call May 08, 2025 10:00 AM ET Company Participants David Waldman - President & CEOMark Duff - President & CEOBen Naccarato - EVP & CFO Conference Call Participants Howard Brous - AnalystAaron Spychalla - Research AnalystAaron Warwick - Co-Founder & Stock AnalystNone - Analyst Operator Good morning, everyone, and welcome to the Perma Fix Fiscal First Quarter twenty twenty five Earnings Please note this conference is being recorded. I will now turn the ...

Financial Data and Key Metrics Changes - Sales for Q1 2025 reached $806 million, representing a 13% year-over-year increase or 11% on an organic basis, driven by growth in aerospace and defense markets [7][10] - Operating income increased by 34% year-over-year, resulting in a 260 basis points expansion in overall operating margin [8] - Diluted earnings per share (EPS) rose by 42% year-over-year, primarily due to higher aerospace and defense sales [8] - Free cash flow increased by 5% year-over-year, despite typically being a first-quarter outflow [8] - New orders increased by 13% year-over-year to a record of over $1 billion, resulting in a book-to-bill ratio of 1.26 times [8][10] Business Line Data and Key Metrics Changes - Aerospace and Industrial segment sales increased by 4%, with solid growth in defense markets, particularly in actuation equipment for F-35 and F-18 programs [12] - Defense Electronics segment saw a 16% sales growth, driven by embedded computing equipment sales supporting various C5ISR programs [13] - Naval and Power segment experienced an 18% sales growth, primarily due to higher revenue from naval defense platforms and contributions from acquisitions [15] Market Data and Key Metrics Changes - The overall backlog reached a record of over $3.6 billion, providing visibility and confidence in long-term growth [10] - The company expects total sales to grow by 8% to 9% in 2025, with strong growth anticipated in defense electronics and aerospace markets [10][24] - Commercial aerospace sales are projected to increase by 13% to 15%, driven by new cockpit voice recorder solutions [18] Company Strategy and Development Direction - The company is focused on operational growth and efficiency to expand margins and fund investments for profitable growth [6][29] - The strategy includes enhancing customer engagement and leveraging domain expertise in mission-critical technologies [5] - The company is well-positioned to capture growth trends in defense and commercial markets, with a strong emphasis on R&D and technological leadership [31][36] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to deliver strong results despite macroeconomic uncertainties [6][29] - The company raised its full-year guidance for sales, operating margins, and EPS, reflecting improved outlooks in key markets [10][11] - Management highlighted the importance of adapting to challenges such as tariffs and supply chain issues while maintaining operational excellence [21][29] Other Important Information - Approximately 20% of the company's business is subject to tariffs, with an estimated $30 million impact for 2025, but mitigation strategies are in place [21][45] - The company anticipates a total annualized savings of approximately $12 million from its restructuring program [22] Q&A Session Summary Question: Can you provide more detail on the tariff impact? - Management discussed the dynamic situation regarding tariffs and the proactive measures taken to mitigate impacts, including operational adjustments and pricing strategies [41][43] Question: What drove the increase in commercial aerospace guidance? - The increase was attributed solely to new cockpit voice recorder business, with expectations for long-term revenue growth due to FAA mandates [49][51] Question: How supportive has the current administration been towards nuclear energy? - Management expressed cautious optimism regarding ongoing support for nuclear energy, citing positive developments in Poland and Bulgaria [62][63] Question: What is the outlook for shipbuilding and how does it affect the company? - Management noted that while shipbuilding programs take time, there are immediate opportunities for growth due to increased funding and support for the industrial base [66] Question: Can you comment on Defense Electronics margin performance? - Management acknowledged conservatism in guidance due to various factors but emphasized ongoing operational excellence initiatives that are expected to drive future growth [70][72]

Sphere Entertainment (SPHR) Q1 2025 Earnings Call May 08, 2025 10:00 AM ET Company Participants Ari Danes - Investor RelationsJames Dolan - Executive Chairman & CEORobert Langer - EVP, CFO & TreasurerStephen Laszczyk - Vice PresidentJennifer Koester - President & COO Conference Call Participants Brandon Ross - Partner, Media & Technology AnalystDavid Karnovsky - Senior Research AnalystPeter Supino - MD & Senior Analyst - Media & Entertainment, Cable & TelecomPeter Henderson - AnalystDavid Joyce - Senior Equ ...

Orion Properties (ONL) Q1 2025 Earnings Call May 08, 2025 10:00 AM ET Company Participants Paul Hughes - General Counsel & SecretaryPaul McDowell - CEO, President & DirectorGavin Brandon - EVP, CFO & TreasurerMitch Germain - Managing Director - Real Estate ResearchGary Landriau - EVP & Chief Investment Officer Operator Greetings. Welcome to Orion Properties First Quarter twenty twenty five Earnings Call. As a reminder, this conference is being recorded. I would now like to turn the call over to Paul Hughes, ...

Janus International Group (JBI) Q1 2025 Earnings Call May 08, 2025 10:00 AM ET Company Participants Sara Macioch - Senior Director of Investor RelationsRamey Jackson - Chief Executive OfficerAnselm Wong - Executive VP & CFOPhilip Ng - Managing DirectorWill Gildea - Equity Research Associate Conference Call Participants Jeff Hammond - AnalystJohn Lovallo - Senior US Homebuilding & Building Products Equity Research Analyst Operator Hello, and welcome to the Janus International Group First Quarter twenty twent ...

Life Time Group (LTH) Q1 2025 Earnings Call May 08, 2025 10:00 AM ET Company Participants Connor Wienberg - VP-Capital Markets and IRErik Weaver - EVP & CFOBahram Akradi - Founder, Chairman and CEOJohn Baumgartner - Managing Director, Equity Research Conference Call Participants John Heinbockel - Senior MD & Equity Research AnalystBrian Nagel - MD & Senior Analyst - Consumer Growth & eCommerceAlex Perry - AnalystMegan Alexander - AnalystKate McShane - AnalystOwen Rickert - Senior Research Analyst Operator G ...

Financial Data and Key Metrics Changes - In Q1 2025, the company generated net income attributable to limited partners of $300 million and adjusted EBITDA of $594 million, with a decrease in adjusted gross margin by $8 million compared to Q4 2024 [16][18] - The company maintained a trailing twelve-month net leverage ratio of just below three times at quarter end, with liquidity of approximately $2.4 billion [6][17] Business Line Data and Key Metrics Changes - Natural gas throughput decreased by 2% sequentially, primarily due to lower volumes from the DJ Basin and Powder River Basin, while crude oil and NGL throughput decreased by 6% [9][10] - The adjusted gross margin for natural gas assets increased by $0.05 per 1,000 cubic feet, driven by higher excess natural gas liquids volumes and pricing [10][11] Market Data and Key Metrics Changes - The company expects mid-single-digit percentage growth in year-over-year throughput for natural gas and produced water, and low-single-digit growth for crude oil and NGLs [12][14] - Delaware Basin is anticipated to continue being the main engine of throughput growth in 2025, with modest growth expected across all product lines [12][14] Company Strategy and Development Direction - The company emphasizes prudent capital allocation and maintaining a strong balance sheet, with net leverage at or below 3x, allowing for growth while increasing distributions [19][20] - The company is focused on organic growth projects backed by minimum volume commitments, which provide stability during commodity price fluctuations [19][20] Management's Comments on Operating Environment and Future Outlook - Management noted that recent market volatility has not changed their strategy, and they remain prepared to adjust plans based on customer activity and market conditions [6][19] - The company is closely monitoring customer capital discipline and operational efficiency in light of recent commodity price weakness [12][44] Other Important Information - The company declared a quarterly distribution of $0.91 per unit, representing a 4% increase over the prior quarter [17] - Bob Phillips, former CEO of Crestwood Equity Partners, has joined the board as an independent director, bringing significant midstream expertise [21][22] Q&A Session Summary Question: How will capital allocation change in a slower growth environment? - Management stated that their strategy remains unchanged, and they are prepared to take advantage of potential acquisitions if organic growth opportunities slow [24][25] Question: What is the guidance for the rest of the year? - Management expects volumes to pick up, driven by West Texas and Uinta, with no material changes to the outlook [26][27] Question: Any updates on the PATHFINDER project? - Management reported positive discussions with customers and midstream players, seeking minimum volume commitments for the pipeline [32][33] Question: How recent are conversations with producer customers regarding CapEx cuts? - Management indicated that conversations are ongoing and real-time, with no significant changes in guidance despite some producers announcing CapEx cuts [42][44] Question: How would CapEx look in a flat Permian production environment? - Management suggested that CapEx would likely be at the low end of the current guidance range if flat production occurs [66][68]

Six Flags Entertainment (SIX) Q1 2025 Earnings Call May 08, 2025 10:00 AM ET Company Participants Michael Russell - Corporate Director of Investor RelationsRichard Zimmerman - President, CEO & DirectorBrian Witherow - CFOSean Wagner - AVPSteven Wieczynski - Managing DirectorArpine Kocharian - Executive DirectorThomas Yeh - Executive Director - Equity ResearchMichael Swartz - Director & Equity ResearchIan Zaffino - Managing DirectorLizzie Dove - Vice President Equity ResearchDavid Katz - Managing Director Co ...

Summit Midstream Partners (SMC) Q1 2025 Earnings Call May 08, 2025 10:00 AM ET Company Participants Randall Burton - Director of FinanceJ. Heath Deneke - President, Chairman & CEOBill Mault - EVP & CFO Operator Thank you for standing by. My name is Dee, and I will be your conference operator today. At this time, I would like to welcome everyone to the First Quarter twenty twenty five Summit Midstream Corporation Earnings Conference Call. All lines have been placed on mute to prevent any background noise. Af ...

Miller Industries (MLR) Q1 2025 Earnings Call May 08, 2025 10:00 AM ET Company Participants Mike Gaudreau - Senior Director - M&A, Activism Defense & Capital MarketsWilliam Miller - Director, President & CEODeborah Whitmire - Executive VP, CFO & Treasurer Conference Call Participants Michael Shlisky - Managing Director & Senior Equity Research Analyst Operator Day, ladies and gentlemen, and welcome to the Miller Industries First Quarter twenty twenty five Results Conference Call. Please note this event is b ...