Miller Industries (MLR) Q1 2025 Earnings Call May 08, 2025 10:00 AM ET Speaker0 Day, ladies and gentlemen, and welcome to the Miller Industries First Quarter twenty twenty five Results Conference Call. Please note this event is being recorded. And now at this time, I would now like to turn the call over to Mike Goudreaux at FTI Consulting. Please go ahead, sir. Speaker1 Thank you, and good morning, everyone. I would like to welcome you to the Miller Industries conference call. We are here to discuss the com ...

Riley Exploration Permian (REPX) Q1 2025 Earnings Call May 08, 2025 10:00 AM ET Speaker0 Thank you for standing by. My name is Tina, and I will be your operator today. At this time, I would like to welcome everyone to the Riley Exploration Permian Incorporated First Quarter twenty twenty five Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question and answer session. If you would like to ask a question during this ti ...

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 [6][10] - Operating income increased by 34% year-over-year, resulting in a 260 basis points expansion in overall operating margin [7][10] - Diluted earnings per share (EPS) rose by 42% year-over-year, primarily due to higher aerospace and defense sales [8][10] - Free cash flow increased by 5% year-over-year, despite typically being a first-quarter outflow [8][10] - New orders increased by 13% year-over-year, reaching 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 strong demand in defense markets, particularly for actuation equipment supporting F-35 and F-18 programs [12][13] - **Defense Electronics Segment**: Sales grew by 16%, driven by embedded computing equipment sales for C5ISR programs and higher revenues from helicopter platforms [13][14] - **Naval and Power Segment**: Sales grew by 18%, primarily due to strong performance in naval defense and contributions from acquisitions in commercial nuclear and process markets [15][16] Market Data and Key Metrics Changes - The 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 operating margins projected to increase by 80 to 100 basis points [10][11] - The commercial aerospace market is expected to see a sales increase of 13% to 15%, driven by new cockpit voice recorder solutions [19][20] Company Strategy and Development Direction - The company is focused on operational growth and commercial excellence to expand margins and fund investments for profitable growth [5][10] - The strategy includes leveraging strong domain expertise to enhance customer engagement and address challenging problems in mission-critical technologies [4][5] - The company is well-positioned to capture growth trends in defense, commercial aerospace, and nuclear markets, with a strong emphasis on R&D and technological leadership [32][34][37] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to deliver strong results despite macroeconomic uncertainties, citing quick adaptations to challenges faced in previous years [5][10] - The outlook for 2025 has been raised, with expectations for strong top and bottom line growth, driven by a robust order book and operational excellence initiatives [10][11] - Management highlighted the importance of the U.S. defense budget and ongoing support for nuclear energy as positive indicators for future growth [32][64] 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][22] - The company anticipates a total annualized savings of approximately $12 million from restructuring efforts initiated in 2024 [23][24] - The company is targeting a free cash flow range of $495 million to $515 million for 2025, reflecting a 2% to 7% increase over 2024 [28][29] Q&A Session Summary Question: Can you provide more detail on the tariff impact? - Management discussed the dynamic situation regarding tariffs and highlighted successful mitigation strategies that have reduced potential impacts significantly [42][44][46] Question: Was the increase in commercial aerospace guidance related to Boeing's return to production? - The increase was primarily driven by new cockpit voice recorder sales, with ongoing conservatism due to supply chain uncertainties [50][51][52] 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][64] 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 the company to secure work share in existing fleet operations [67][68] Question: Can you comment on the Defense Electronics margin performance? - Management acknowledged conservatism in guidance due to various factors but emphasized ongoing operational excellence initiatives that are expected to yield positive results [70][72][74]

Sphere Entertainment (SPHR) Q1 2025 Earnings Call May 08, 2025 10:00 AM ET Speaker0 Good morning, and thank you for standing by. Welcome to the Spear Entertainment Company First Quarter twenty twenty five Earnings Conference Call. At this time, all participants are in a listen only mode. After the speakers' remarks, there will be a question and answer session. I would now like to turn the call over to Ari Daines, Investor Relations. Please go ahead. Speaker1 Thank you. Good morning and welcome to Sphere Ent ...

Core Natural Resources (CEIX) Q1 2025 Earnings Call May 08, 2025 10:00 AM ET Speaker0 Good morning, ladies and gentlemen, and welcome to the Core Natural Resources Corporation First Quarter twenty twenty five Earnings Conference Call. At this time, all lines are in listen only mode. Following the presentation, we will conduct a question and answer session. This call is being recorded on Thursday, 05/08/2025. I would now like to turn the conference over to mister Deck Sloan. Please go ahead. Speaker1 Good mo ...

Financial Data and Key Metrics Changes - The company reported revenue of $89.2 million for Q2 2025, down from $101 million in the prior year, primarily due to the conversion of certain VA and DoD programs to small business set-aside contracts [15][16] - EBITDA for Q2 2025 was $9.4 million, compared to $10.2 million in the previous year, reflecting lower overall revenue levels [17][18] - Operating cash generation was strong at $14.5 million for the quarter, contributing to a total cash flow of $3 million year-to-date [18][19] - The company reduced its debt by $15.3 million during the quarter, ending with $151.7 million outstanding [19] Business Line Data and Key Metrics Changes - The technology services revenue grew over Q1 results, despite a decrease in overall revenue due to small business set-aside conversions [15][16] - The company is under contract to manage five CMOP locations through October 2025, with revenue run rates expected to be around $23 to $25 million for the remaining locations [26][27] Market Data and Key Metrics Changes - The company has over $1 billion in contracts under review, with expected award decisions in the second half of the fiscal year [11] - The new business pipeline remains healthy with estimated opportunities of $3.5 billion across various market areas [13] Company Strategy and Development Direction - The company aims to leverage its advanced capabilities and new business pipeline to align with the current administration's goals, focusing on efficiency and cost reduction [9][12] - The strategy includes moving up the margin scale in a large market by providing unique, comprehensive solutions [12][13] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the alignment of the company's capabilities with the administration's priorities, despite uncertainties in government programs and budget cuts [9][10] - The company anticipates a neutral to slightly positive budgetary impact from the new administration, with ongoing demand for its technology-enabled applications [29][30] Other Important Information - The company has made all mandatory debt payments through March 2026, a year ahead of schedule, and continues to benefit from financial flexibility due to an amended credit facility [7][19] - Management is closely monitoring changes in contract administration resources at customer agencies to protect cash flow generation [19] Q&A Session Summary Question: What is the revenue run rate for CMOP contracts for the rest of the year? - The company expects the quarterly run rate to be around $23 to $25 million for the remaining locations [26] Question: How is the company impacted by NIH's shutdown of the long-term women's health study? - The company was not involved in that study and expects the overall budgetary impact from the new administration to be neutral to slightly positive [28][29] Question: What is the status of the $76 million Navy award contract? - The contract is continuing to grow, with ongoing phases of work being implemented [39][40] Question: Are the upcoming $1 billion awards related to IDIQs? - Yes, the company is seeing continued activity related to IDIQs, with more RFPs expected to be released [43][44]

Summit Midstream Partners (SMC) Q1 2025 Earnings Call May 08, 2025 10:00 AM ET Speaker0 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. After the speakers' remarks, there will be a question and answer Thank you. I would now like to turn the call over to Randall ...

Life Time Group (LTH) Q1 2025 Earnings Call May 08, 2025 10:00 AM ET Speaker0 Greetings and welcome to Lifetime Group Holdings Inc. 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 your host, Conor Vienburg, Vice President of Capital Markets and Investor Relations. Please go ahead. Speaker1 ...

Nexstar Media Group (NXST) Q1 2025 Earnings Call May 08, 2025 10:00 AM ET Speaker0 Day, and welcome to Nexstar Media Group's First Quarter twenty twenty five Conference Call. Today's call is being recorded. I will now turn the conference over to Joe Jaffoni, Investor Relations. Please go ahead, sir. Speaker1 Thank you, Michelle, and good morning, everyone. We'll get to management's presentation and comments momentarily as well as your questions and answers. And during the I'll now read the Safe Harbor langu ...

Western Midstream Partners (WES) Q1 2025 Earnings Call May 08, 2025 10:00 AM ET Speaker0 Good morning. My name is Ludi, and I will be your conference operator today. At this time, I would like to welcome everyone to the Western Midstream Partners First Quarter twenty twenty five Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question and answer session. Thank you. I would now like to turn the conference over to Danie ...