Chubb Limited (NYSE:CB) Q1 2025 Earnings Conference Call April 23, 2025 8:30 AM ET Company Participants Karen Beyer - Senior Vice President, Investor Relations Evan Greenberg - Chairman and Chief Executive Officer Peter Enns - Executive Vice President and Chief Financial Officer Conference Call Participants Gregory Peters - Raymond James Michael Zaremski - BMO Capital Markets Brian Meredith - UBS David Motemaden - Evercore ISI Meyer Shields - KBW Alex Scott - Barclays Robert Cox - Goldman Sachs Operator Tha ...

Westinghouse Air Brake Technologies Corporation (NYSE:WAB) Q1 2025 Earnings Conference Call April 23, 2025 8:30 AM ET Company Participants Kyra Yates - VP, IR Rafael Santana - President & CEO John Olin - CFO Conference Call Participants Rob Wertheimer - Melius Research Adam Roszkowski - Bank of America Jerry Revich - Goldman Sachs Daniel Imbro - Stephens Angel Castillo - Morgan Stanley Saree Boroditsky - Jefferies Bascome Majors - Susquehanna Steve Barger - KeyBanc Oliver Holmes - Redburn Atlantic Ivan Yi - ...

Financial Data and Key Metrics Changes - In Q1 2025, the company's top line decreased by 6%, with a 3% decrease when excluding the divestiture of Kichler and unfavorable currency impacts [20][30] - Gross margins increased by 20 basis points to 35.9%, while operating profit was $288 million, resulting in an operating profit margin of 16% [20][32] - Earnings per share for the quarter was $0.87 [20][32] Business Line Data and Key Metrics Changes - Plumbing sales increased by 1% in local currency, with North American plumbing sales also up by 1%, driven by higher volumes in the spa and sauna business [21][33] - Decorative Architectural segment sales decreased by 16%, or 8% excluding the Kichler divestiture, with overall paint sales down high single digits [22][36] - Operating profit for the plumbing segment was $219 million, with an operating margin of 18.5%, while the Decorative Architectural segment had an operating profit of $96 million and an operating margin of 15.6% [22][23] Market Data and Key Metrics Changes - International plumbing sales were flat in local currency, with growth in Europe offset by softness in other markets, particularly China [21][34] - The company noted ongoing demand pressure in the DIY paint market due to a dampened macroeconomic environment, while pro paint sales were up mid-single digits [24][56] Company Strategy and Development Direction - The company is focused on mitigating tariff impacts through pricing actions, cost savings initiatives, and changes to its sourcing footprint [11][42] - The management emphasized the importance of maintaining core strengths, including market-leading brands and innovative product portfolios, amidst geopolitical and macroeconomic changes [15][26] - The company plans to invest approximately $175 million in capital expenditures and return $196 million to shareholders through dividends and share repurchases [39] Management's Comments on Operating Environment and Future Outlook - Management expressed uncertainty regarding the impact of tariffs on demand trends and decided not to provide full-year financial guidance for 2025 [12][25] - The company anticipates a potential softening of demand in the near term but remains confident in its ability to navigate challenges due to its experienced teams and strategic initiatives [15][26] - Management highlighted the resilience of the repair and remodel industry and the strength of its product portfolio [26][41] Other Important Information - The company is undergoing a leadership transition, with Keith Allman retiring and John Nooty appointed as the new President and CEO [8][10] - The company has successfully reduced its tariff import exposure to China by approximately 45% since 2018 [110] Q&A Session Summary Question: Top-line trends and April performance - Management noted strong performance in e-commerce and international plumbing, with some softening in the retail channel and DIY paint market [52][54] Question: Mitigation efforts on tariffs - Management confirmed that pricing and cost reduction are the primary mitigation actions, with ongoing efforts to adjust sourcing [61][62] Question: DIY paint market performance - Management indicated that the DIY paint market is experiencing softness due to consumer price sensitivity and a demographic shift towards professional painting services [75][76] Question: New build channel strategy - Management clarified that the focus remains on repair and remodel, with selective engagement in new builds based on value and innovation [96] Question: Brand performance across different segments - Management reported strong performance in e-commerce and international plumbing, with some pressure in retail and DIY paint areas [101][102] Question: Sourcing strategy and tariff impacts - Management discussed ongoing efforts to diversify sourcing and reduce exposure to China, while monitoring market conditions closely [110][114]

AT&T Inc. (NYSE:T) Q1 2025 Earnings Conference Call April 23, 2025 8:30 AM ET Company Participants Brett Feldman - SVP, Finance and IR John Stankey - Chairman and CEO Pascal Desroches - CFO Conference Call Participants Peter Supino - Wolfe Research Benjamin Swinburne - Morgan Stanley John Hodulik - UBS Michael Rollins - Citi Bryan Kraft - Deutsche Bank Sebastiano Petti - JPMorgan Jim Schneider - Goldman Sachs Kannan Venkateshwar - Barclays Brett Feldman Welcome to AT&T Inc.'s First Quarter 2025 Earnings Cal ...

Thermo Fisher Scientific Inc. (NYSE:TMO) Q1 2025 Earnings Conference Call April 23, 2025 8:30 AM ET Company Participants Rafael Tejada - Vice President, Investor Relations Marc Casper - Chairman, President & Chief Executive Officer Stephen Williamson - Senior Vice President & Chief Financial Officer Conference Call Participants Michael Ryskin - Bank of America Matt Sykes - Goldman Sachs Jack Meehan - Nephron Research Rachel Vatnsdal - JPMorgan Doug Schenkel - Wolfe Research Tycho Peterson - Jefferies Operat ...

GE Vernova Inc. (NYSE:GEV) Q1 2025 Results Conference Call April 23, 2025 7:30 AM ET Company Participants Michael Lapides - Vice President of Investor Relations Scott Strazik - Chief Executive Officer Ken Parks - Chief Financial Officer Conference Call Participants Nicole DeBlase - Deutsche Bank Mark Strouse - JPMorgan Joe Ritchie - Goldman Sachs Chris Dendrinos - RBC Capital Markets Andrew Percoco - Morgan Stanley Nigel Coe - Wolfe Research Julian Mitchell - Barclays Julien Dumoulin-Smith - Jefferies Andre ...

Virtu Financial, Inc. (NASDAQ:VIRT) Q1 2025 Earnings Conference Call April 23, 2025 8:00 AM ET Company Participants Andrew Smith - Head, Investor Relations Douglas Cifu - Chief Executive Officer Joseph Molluso - Co-President and Co-Chief Operating Officer Cindy Lee - Chief Financial Officer Conference Call Participants Chris Allen - Citi Dan Fannon - Jefferies Ken Worthington - J.P. Morgan Eli Abboud - Bank of America Operator Ladies and gentlemen, thank you for standing by, and welcome to Virtu Financial, ...

Healthcare Services Group, Inc. (NASDAQ:HCSG) Q1 2025 Results Conference Call April 23, 2025 8:30 AM ET Company Participants Ted Wahl - President and Chief Executive Officer Matt McKee - Chief Communication Officer Vikas Singh - Chief Financial Officer Conference Call Participants Andy Wittmann - Baird A.J. Rice - UBS Tao Qiu - Macquarie Operator Hello, and thank you for standing by. My name is Regina, and I will be your conference operator today. At this time, I would like to welcome everyone to the Health ...

Mathilde Rodie Thank you and good morning, everyone. Thank you for being with us this morning for our Q1 Sales Call. I’m with Juergen Esser, our CFO, who will go through some prepared remarks before taking your questions. And before we start, I would like to draw your attention to our disclaimer on Page 19 related to forward-looking statements and the definition of financial indicators that we will refer to during the presentation. And with that, let me hand over to Juergen. Juergen Esser Thank you, Mathild ...

United Microelectronics Corporation (NYSE:UMC) Q1 2025 Earnings Conference Call April 23, 2025 5:00 AM ET Company Participants David Wong - IR Manager Chitung Liu - CFO Michael Lin - Senior Director of Finance Conference Call Participants Sunny Lin - UBS Laura Chen - Citi Brad Lin - Bank of America Merrill Lynch Charlie Chan - Morgan Stanley Gokul Hariharan - JPMorgan Felix Pan - KGI Jason Zhang - CLSA Frank Lee - HSBC David Wong - IR Manager Chitung Liu - CFO Michael Lin - Senior Director of Finance Sunny ...