Viatris (VTRS) Q1 2025 Earnings Call May 08, 2025 08:30 AM ET Speaker0 Please also note today's event is being recorded. At this time, I'd like to turn the floor over to Bill Cyblowski, Head of Capital Markets. Please go ahead. Speaker1 Good morning, everyone. Welcome to our Q1 twenty twenty five earnings call. With us today is our CEO, Scott Smith CFO, Doretta Mistras Chief R and D Officer, Philippe Martin and Chief Commercial Officer, Karine Lagasse. During today's call, we will be making forward looking ...

Financial Data and Key Metrics Changes - The meeting confirmed that the appointment of Deloitte and Touche as the independent registered public accounting firm for 2025 has been ratified [11] - The compensation of named executive officers has been approved on an advisory basis [11] Business Line Data and Key Metrics Changes - No specific data or metrics related to individual business lines were provided in the meeting [12] Market Data and Key Metrics Changes - No specific market data or metrics were discussed during the meeting [12] Company Strategy and Development Direction and Industry Competition - The company continues to focus on maintaining strong governance and transparency through the election of directors and the approval of compensation policies [8][11] Management's Comments on Operating Environment and Future Outlook - Management expressed gratitude for stockholder support and emphasized the importance of ongoing engagement with stockholders [11] Other Important Information - The meeting was conducted digitally, allowing stockholders to participate via a web portal [3][4] - A quorum was confirmed with holders of 69,642,741 shares of common stock entitled to vote [6] Q&A Session All Questions and Answers Question: What is the status of the independent registered public accounting firm? - The appointment of Deloitte and Touche has been ratified for 2025 [11] Question: How was the compensation of named executive officers determined? - The Compensation Committee is responsible for determining compensation policies, and the advisory vote on compensation was approved [11]

MKS Instruments (MKSI) Q1 2025 Earnings Call May 08, 2025 08:30 AM ET Speaker0 Good day, and thank you for standing by. Welcome to the MKS Instruments first quarter twenty twenty five earnings conference call. At this time, all participants, they are in a listen only mode. After the speaker's presentation, there will be a question and answer session. To ask questions during the session, you will need to press 11 on your telephone. You will then hear an automated message advising you that your hand has been ...

Cogent Communications (CCOI) Q1 2025 Earnings Call May 08, 2025 08:30 AM ET Speaker0 Good morning, and welcome to the Cogent Communications Holdings First Quarter twenty twenty five Earnings Conference Call. As a reminder, this conference call is being recorded, and it will be available for replay at www.cogentco.com. A transcript of this conference call will be posted on Cogent's website when it becomes available. Cogent's summary of financial and operational results attached to its press release can be do ...

Peloton (PTON) Q3 2025 Earnings Call May 08, 2025 08:30 AM ET Speaker0 Thank you for standing by. My name is Celine, and I will be your conference operator today. At this time, I would like to welcome everyone to Peloton's Interactive Third Quarter Fiscal Year twenty twenty five Earnings Call. All lines have been placed on mute to prevent any background noise. After the speaker remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star follo ...

Financial Data and Key Metrics Changes - Genco recorded a net loss of $11.9 million or $0.28 basic and diluted net loss per share for Q1 2025 [11] - EBITDA for Q1 totaled $7.9 million [11] - The company has paid down 80% of its debt or nearly $360 million since the inception of its value strategy, resulting in a net loan to value of 6% [11][12] - Interest expense year over year decreased by $1.5 million, equating to $6 million annualized or approximately $400 per vessel per day on the cash flow breakeven rate [12] Business Line Data and Key Metrics Changes - The company declared a $0.15 per share dividend, marking 23 consecutive quarters of dividends [6] - The dividend formula included a voluntary reserve reduction from $19.5 million to $1.1 million for the quarter, allowing for the dividend payment [6][7] - For Q2 2025, 68% of owned available days are fixed at approximately $14,000 per day, compared to a cash flow breakeven rate of $8,750 per vessel per day [13] Market Data and Key Metrics Changes - The Baltic Capesize Index averaged approximately $10,000 per day from December to February, bottoming at $5,900 on February 12, but then rose over 300% to nearly $24,000 per day by mid-March [15] - Current levels for the DCI and BSI are at $15,000 and $10,000 per day respectively [15] - China's iron ore imports fell by 8% year over year during Q1, while steel production increased by 1% year over year [17] Company Strategy and Development Direction - The company remains focused on three pillars of its value strategy: dividends, deleveraging, and capitalizing on accretive growth and fleet renewal opportunities [8] - A new $50 million share repurchase program was announced, viewed as a capital allocation tool to capture shareholder value during market volatility [7][8] - The company plans to continue prioritizing its quarterly dividend policy while executing the share repurchase program opportunistically [8] Management's Comments on Operating Environment and Future Outlook - Management expressed a favorable view of the long-term fundamentals of the drybulk industry and the improving freight environment in Q2 [6][7] - The operating environment is characterized by compelling drybulk supply and demand fundamentals, despite geopolitical volatility [9][10] - The company aims to maintain low financial leverage and a low cash flow breakeven rate to navigate market fluctuations [10] Other Important Information - The company completed drydocking on four vessels during Q1, with plans to front-load dry dockings in the first half of the year to maximize fleet utilization in the stronger second half [14] - The Capesize segment has the smallest order book among dry bulk sectors at 8% of the fleet, with only 11 Capes delivered in Q1, the least in over fifteen years [20] Q&A Session Summary Question: Can you explain more about the share buyback and its relation to the dividend policy? - Management clarified that the share buyback program is incremental to the existing dividend policy and will not affect the ability to pay dividends [24][25] Question: How are you viewing asset values in the current market? - Management noted that asset values have remained buoyant, with limited new tonnage available for sale, and prices for new buildings continue to hold firm [28][30] Question: What is the outlook for coal and its influence on non-Capesize vessels? - Management indicated that coal has returned to the market, albeit slowly, and highlighted uncertainties around U.S.-China trade affecting grain exports [35][36] Question: Is achieving net debt zero still a goal? - Management confirmed that net debt zero remains a goal, but they may leverage slightly for accretive acquisitions if opportunities arise [39][40] Question: Will the U.S. Trade decision impact the company? - Management stated that they do not foresee any impact from the U.S. Trade decision, as their operations fall under exemptions [46][48] Question: What is the market tone for selling older tonnage? - Management reported a fairly good market for selling older ships, with increased liquidity and optimism in the market [49][50]

Enovis (ENOV) Q1 2025 Earnings Call May 08, 2025 08:30 AM ET Speaker0 Hello, everyone, and welcome to the Innovus Corporation Q1 twenty twenty five Results Call. My name is Ezra, and I will be your coordinator today. I will now hand you over to your host, Kyle Rose, Vice President of Investor Relations to begin. Please go ahead. Speaker1 Thank you, Ezra. Good morning, everyone, and thank you for joining us today for our first quarter twenty twenty five results conference call. I'm Kyle Rose, Vice President ...

Stevanato Group (STVN) Q1 2025 Earnings Call May 08, 2025 08:30 AM ET Speaker0 Good afternoon. This is the Chorus Call conference operator. Welcome and thank you for joining the Stevanato Group First Quarter twenty twenty five Results Conference Call. As a reminder, all participants are in listen only mode. After the presentation, there will be an opportunity to ask questions. At this time, I would like to turn the conference over to Ms. Lisa Miles, Senior Vice President, Investor Relations. Please go ahead ...

Financial Data and Key Metrics Changes - Revenue for Q1 2025 was $36.3 million, down 26% year over year and down 18% in constant currency, primarily due to lower corporate sales in Egypt and currency devaluation [33][34] - Adjusted EBITDA loss was $15.7 million in Q1 2025 compared to a loss of $4.3 million in Q1 2024, while loss before income tax improved to $16.5 million from $39.6 million year over year [17][39] - Cash burn for the quarter was $23.2 million, including $8 million in working capital, with expectations to significantly reduce cash burn in upcoming quarters [13][40] Business Line Data and Key Metrics Changes - Physical Goods orders grew 21% year over year, with quarterly active customers ordering Physical Goods increasing by 15% year over year, marking the highest growth rates in two years [14][15] - GMV declined 11% year over year, primarily due to currency headwinds and lower corporate sales, but would have grown 10% year over year excluding corporate sales [15][16] - Fulfillment expense per order decreased to $2.07, down 14% year over year, reflecting improved efficiency [10][37] Market Data and Key Metrics Changes - In Q1 2025, Ivory Coast, Nigeria, Kenya, and Egypt represented approximately 26%, 22%, 15%, and 10% of company GMV respectively, with other markets contributing 27% [20] - Nigeria saw Physical Goods orders grow by 22% and GMV increase by 18% year over year, while Kenya experienced a 36% growth in Physical Goods orders [21][22] - Egypt's Physical Goods orders were down 15% year over year, with GMV decreasing 69% in USD, primarily due to a decline in corporate sales [23] Company Strategy and Development Direction - The company aims to reduce losses, drive efficiency, and deliver measurable financial improvements, with a focus on margin expansion and financial discipline [5][6] - A comprehensive restructuring plan was launched in early 2024 to address operational challenges, particularly in Egypt [23] - The company is expanding its logistics platform to monetize its infrastructure beyond the core marketplace, targeting third-party sellers and social commerce merchants [25][60] Management's Comments on Operating Environment and Future Outlook - Management noted that while currency headwinds have impacted profitability, they expect a cleaner year-over-year comparison moving forward as these effects have lapped [16][34] - The company anticipates continued momentum in Q2 2025, with expectations for Physical Goods orders growth in the range of 20% to 25% [43][44] - Management remains confident in achieving profitability by Q4 2026 and full-year profitability in 2027, driven by cost management and volume increases [44][72] Other Important Information - The company has renegotiated or terminated several key software and hosting contracts, expecting significant cost savings starting in the second half of 2025 [11][38] - The liquidity position at the end of Q1 2025 was $110.7 million, with no financial debt, reflecting a strong cash position [40][41] Q&A Session Summary Question: Can you explain the relationship between orders and GMV? - Management clarified that corporate sales, which are high-value orders, significantly impact GMV, leading to a disconnect between orders and GMV [47][48] Question: How should we think about cash use from inventory levels? - Management indicated that increased working capital was primarily used to build up inventories ahead of significant commercial events, and they anticipate lower impacts from working capital in the coming quarters [51][52] Question: Have you seen an uptick in supply from Asia? - Management confirmed an uptick in international vendor sales, particularly from China, and expects this trend to continue as access to supply improves [53][54] Question: How do you plan to approach marketing as fundamentals improve? - Management stated that they are now in a position to be more aggressive with marketing in markets where fundamentals are strong, such as Nigeria [55][56] Question: What is the timeline for the logistics expansion? - Management explained that the logistics network is now stable enough to monetize outside the marketplace, with no negative impact on margins expected [60][62] Question: What is the visibility on 2026 guidance? - Management indicated that they expect to reach breakeven by Q4 2026, driven by growth and cost management efforts [72]

Armada Hoffler Properties (AHH) Q1 2025 Earnings Call May 08, 2025 08:30 AM ET Speaker0 This call is being recorded on Thursday, 05/08/2025. I would now like to turn the conference over to Chelsea Forrest. Please go ahead. Speaker1 Good morning, and thank you for joining Armada Hoffler's First quarter twenty twenty five earnings conference call and webcast. On Speaker2 the Speaker1 call this morning, in addition to myself, is Sean Tibbett, CEO and President and Matthew Barnsmith, CFO. The press release anno ...