Cedar Fair (FUN) 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 - AVPSteve 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 Conference Call ...

Crane NXT (CXT) Q1 2025 Earnings Call May 08, 2025 10:00 AM ET Speaker0 Good day, and thank you for standing by. Welcome to the Crane NXT Q1 twenty twenty five Earnings Call. At this time, all participants are in a listen only mode. After the speakers' presentation, there will be a question and answer session. To ask a question during the session, you will need to press 11 on your telephone. You will then hear an automated message advising that your hand is raised. To withdraw your question, please press 11 ...

Janus International Group (JBI) Q1 2025 Earnings Call May 08, 2025 10:00 AM ET Speaker0 Hello, and welcome to the Janus International Group First Quarter twenty twenty five Earnings Conference Call. Currently, 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. I would now like to turn the call over to your host, Ms. Sarah Masiach, Senior Director, Investor Relations of Janus. Thank you. You may begi ...

Lee Enterprises (LEE) Q2 2025 Earnings Call May 08, 2025 10:00 AM ET Speaker0 Welcome to the Lee Enterprises twenty twenty five Second Quarter Webcast and Conference Call. The call is being recorded and will be available for replay at investors.lee.net. At the close of the plant remarks, there will be an opportunity for questions. Participants accessing this call by webcast may submit written questions through the website, and they will be answered during the call as time permits. Otherwise, you will receiv ...

Financial Data and Key Metrics Changes - For the fiscal year to date, the company reported a net income of $837 million, or $5.26 per diluted share, reflecting a 6.7% increase over the prior year period [2][9] - Operating income increased to $1.1 billion, representing a 14.6% increase for the first six months of the fiscal year [9] - The fiscal year 2025 earnings per share guidance was updated to a range of $7.2 to $7.3, up from a previous range of $7.05 to $7.25 [15][16] Business Line Data and Key Metrics Changes - Rate increases in both operating segments totaled $185 million, contributing to the operating income growth [10] - Revenues in the Pipeline and Storage segment increased by $11.4 million, reflecting a 10% increase in volumes transported across the system [10] - The company added nearly 59,000 new customers year to date, with approximately 46,000 of those in Texas [4] Market Data and Key Metrics Changes - Texas added jobs at a faster rate than the nation, with nearly 192,000 jobs added over the last twelve months, representing a 1.4% annual growth rate [4] - Industrial demand for natural gas remained strong, with nine new industrial customers added during the second quarter, expected to have an annual load of approximately 8 Bcf [5] Company Strategy and Development Direction - The company is focused on modernizing its natural gas distribution, transmission, and storage systems while safely providing reliable service to 3.4 million customers across eight states [3] - Ongoing projects include the installation of approximately 44 miles of pipe to support growth in the DFW Metroplex, expected to be completed by the end of the calendar year [6] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the fiscal year 2025 performance, attributing it to the strength of APT's three-system business and favorable market conditions [16] - The company anticipates O&M expenses to be in the range of $860 million to $880 million, with a significant portion of the year-over-year increase already recognized [17] Other Important Information - The company has extended its credit facilities totaling $3.1 billion and had $5.3 billion in available liquidity at quarter end [15] - The company is monitoring legislative developments across its operating states, with potential implications for its business [44] Q&A Session Summary Question: Is the higher guidance for 2025 a fair base to think about growth going forward? - Management indicated that they will assess market conditions before releasing fiscal year 2026 guidance, acknowledging current market volatility [22][23] Question: How are you thinking about the higher O&M this year and any efforts to derisk 2026? - Management noted that some of the higher O&M for 2025 may be a pull forward from 2026, emphasizing proactive maintenance and compliance efforts [24][25] Question: Can you update us on the equity financing for the rest of the year? - Management confirmed that their financing strategy remains balanced, utilizing a combination of equity and long-term debt, with equity needs anticipated for fiscal years 2025 and 2026 [34] Question: What are some of the key bills you are monitoring legislatively? - Management is monitoring various bills across their eight states but refrained from making predictions until the legislative process is complete [44][45] Question: What are the underlying growth assumptions for APT expansion projects? - Management explained that growth assumptions are based on population increases and anticipated capacity requirements, with ongoing reviews to adjust plans as necessary [65][66]

Choice Hotels International (CHH) Q1 2025 Earnings Call May 08, 2025 10:00 AM ET Speaker0 Ladies and gentlemen, thank you for standing by. Welcome to Choice Hotels International's First Quarter twenty twenty five Earnings Call. At this time, all lines are in a listen only mode. I'll now turn the conference over to Ali Summers, Investor Relations Senior Director for Choice Hotels. Speaker1 Good morning and thank you for joining us today. Before we begin, we would like to remind you that during this conferenc ...

Installed Building Products (IBP) Q1 2025 Earnings Call May 08, 2025 10:00 AM ET Speaker0 Greetings, and welcome to the Installed Building Products 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 Darren Hicks, Vice President of Investor Relations. Please go ahead. Speaker1 Good mor ...

Financial Data and Key Metrics Changes - Revenues increased by 15% year over year to a record $222.3 million in Q1 2025, driven by strong organic growth in both residential and multifamily commercial businesses [6][20] - Adjusted EBITDA for Q1 2025 was $70.2 million, representing an adjusted EBITDA margin of 31.6%, compared to $51 million or 26.5% margin in the prior year [21] - Gross profit was $97.5 million with a gross margin of 43.9%, up from $74.7 million and 38.8% gross margin in the prior year [21] Business Line Data and Key Metrics Changes - Single-family residential revenues grew 21.6% year over year to $88.9 million, reflecting strength in Florida operations and geographic expansion [6][13] - Multifamily and commercial revenues increased by 11.6% year over year to $133.4 million, supported by an expanding backlog [7][15] - The company ended the quarter with a record multiyear backlog of $1.14 billion, representing approximately 2.2 times the last twelve months (LTM) multifamily and commercial revenues [15][16] Market Data and Key Metrics Changes - The company reported strong order traction and ongoing market share growth in various U.S. regions, despite macroeconomic uncertainties [11][12] - The book-to-bill ratio remained healthy at 1.2 times, maintaining a track record above 1.1 times for seventeen consecutive quarters [16] Company Strategy and Development Direction - The acquisition of Continental Glass Systems enhances production capabilities in the U.S. and diversifies the company's manufacturing footprint [8][9] - The company plans to develop a fully automated and vertically integrated operation in the U.S. over the next five to seven years to improve logistics and lead time efficiencies [25][62] - Strategic pricing adjustments and supply chain modifications are being implemented to mitigate tariff impacts [22][25] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth trajectory for 2025, citing strong performance in single-family residential orders and a robust project backlog [11][30] - The company anticipates that strategic actions will offset the projected $25 million tariff impact for the year, assuming similar volumes to original projections [26][30] - Management remains optimistic about the ability to navigate macroeconomic challenges while maintaining industry-leading profitability [12][32] Other Important Information - The company generated operating cash flow of $51.2 million in Q1 2025, resulting in record quarterly free cash flow of $28.8 million [27][28] - Total liquidity at quarter end was approximately $330 million, providing financial flexibility for growth initiatives and shareholder returns [29] Q&A Session Summary Question: Understanding the architectural glass industry imports - Management noted that while they do not have specific import numbers, their raw materials are sourced from the U.S., providing a competitive advantage [37][38] Question: Residential growth breakdown - The legacy Florida business contributed approximately 15% growth, with the remainder coming from new markets [41] Question: Continental acquisition benefits - The acquisition provides manufacturing capabilities in the U.S. and access to the growing replacement market for condominiums [45][46] Question: Future U.S. manufacturing plans - The company plans to establish a foundry and eventually a fully integrated facility in the U.S. over the next five to seven years [54][62] Question: Order trends in commercial business - Management reported strong order trends and a growing backlog across various U.S. regions, indicating robust demand [65][68]

Genesis Energy (GEL) Q1 2025 Earnings Call May 08, 2025 10:00 AM ET Speaker0 Greetings, and welcome to Genesis Energy L. P. First Quarter twenty twenty five Earnings 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 Duane Morley. Thank you, Duane. You may begin. Speaker1 Good morning, and welcome to the twenty twenty five first quart ...

SLR Investment (SLRC) Q1 2025 Earnings Call May 08, 2025 10:00 AM ET Speaker0 Good day, everyone, and welcome to today's Q1 twenty twenty five SLR Investment Corp. Earnings Call. At this time, all participants are in a listen only mode. Later, you will have the opportunity to ask a question during the question and answer session. Please note this call is being recorded and I will be standing by if you should need any assistance. It is now my pleasure to turn the conference over to Michael Gross, Chairman an ...