Aptiv (APTV) Q1 2025 Earnings Call May 01, 2025 08:00 AM ET Speaker0 Day, and welcome to the Aptiv Q1 twenty twenty five Earnings Call. Today's conference is being recorded. At this time, I would like to turn the conference over to Betsy Frank, Vice President, Investor Relations. Please go ahead. Speaker1 Thank you, Jess. Good morning, and thank you for joining Aptiv's first quarter twenty twenty five earnings conference call. The press release and related tables, along with the slide presentation, can be f ...

Financial Data and Key Metrics Changes - The company reported fee revenues of $90 million, an increase of 24% year-over-year, and FRE of $35 million, up almost 80% year-over-year [28][29] - Distributable earnings for the quarter were $55 million, which included a $34 million gain from the partial realization of the investment in DataBank [29][31] - Fee earning equity under management increased to $37.3 billion, a 15% increase from the previous year [29][30] Business Line Data and Key Metrics Changes - The company raised $1.2 billion in new fee earning equity commitments during the first quarter, contributing to the overall growth in fee revenues [29][30] - The fundraising was primarily driven by the flagship Digital Ridge Partner strategy, which represented over 70% of the total fundraising [5][6] Market Data and Key Metrics Changes - The company noted that while fundraising decisions were delayed due to market volatility, investor interest in digital infrastructure remains strong [10][11] - The company highlighted that the digital infrastructure asset class has shown resilience during periods of market uncertainty, with a focus on long-term contracts that protect revenue streams [12][14] Company Strategy and Development Direction - The company is focused on building a diversified portfolio across digital infrastructure, including investments in data centers, fiber, and towers [23][24] - The recent acquisition of Crown Castle's fiber business by Zayo for $4.5 billion is expected to enhance the company's market position and improve returns [25][26] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving 2025 goals despite short-term fundraising delays, emphasizing the resilience of the digital infrastructure sector [10][11] - The company is optimistic about the long-term demand for digital infrastructure, driven by secular trends rather than cyclical demand [14][15] Other Important Information - The company has committed over $28 billion in CapEx for new site development over the next 24 months, indicating strong growth plans [13] - The management team is focused on scaling the private credit platform, with a target to deploy up to $2 billion in loans during 2025 [36][39] Q&A Session Summary Question: Are the guidance items for FRE growth and margins maintained? - Management confirmed that the guidance for total company FRE growth of 10% to 20% and FRE margins of 34.5% is maintained [53][54] Question: How is market volatility impacting carried interest events? - Management noted that while deal-making has slowed in the U.S., global M&A activity is up, and they remain confident in creating carried interest outcomes this year [56][59] Question: What steps can be taken to close the valuation disconnect with peers? - Management emphasized the importance of execution and consistency in delivering on fundraising targets and FRE goals to regain investor trust [62][63] Question: What is the current sentiment from potential investors regarding fundraising? - Management reported that most investors have not changed their allocation strategies, and there is still strong interest in digital infrastructure investments [74][75] Question: Is there a shift in investor interest towards credit strategies? - Management indicated an uptick in interest in credit strategies, with a significant increase in the pipeline for the credit fund [101][102]

Madrigal Pharmaceuticals (MDGL) Q1 2025 Earnings Call May 01, 2025 08:00 AM ET Speaker0 Good day, and thank you for standing by. Welcome to Magical Pharmaceuticals First Quarter twenty twenty five Earnings Conference Call. At this time, all participants are in a listen only mode. After the speakers' presentation, there will be a question and answer session. As a reminder, today's conference call is being recorded. I would now like to introduce Ms. Tina Ventura, Chief Investor Relations Officer. Please go ah ...

ESAB (ESAB) Q1 2025 Earnings Call May 01, 2025 08:00 AM ET Speaker0 you. I'd now like to turn the call over to Mark Barbolado, Vice President of Investor Relations. You may begin. Speaker1 Thanks, operator. Welcome to ESOP's first quarter twenty twenty five earnings call. This morning, I'm joined by our President and CEO, Shyam Kambianda and CFO, Kevin Johnson. Please keep in mind that some of the statements we are making are forward looking and are subject to risks, including those set forth in our SEC fil ...

Fulcrum Therapeutics Inc (FULC) Q1 2025 Earnings Call May 01, 2025 08:00 AM ET Speaker0 Good morning, and welcome to Falcon Therapeutics First Quarter twenty twenty five Financial Results and Business Update Conference Call. Currently, all participants are in a listen only mode. This Speaker1 call Speaker0 is being webcast live and can be accessed on the Investors section of Falcum's website at www.falcumtx.com and is being recorded. Please be reminded that remarks during this call may contain forward looki ...

Enact (ACT) Q1 2025 Earnings Call May 01, 2025 08:00 AM ET Speaker0 Hello, and welcome to Anax First Quarter Earnings Call. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your first speaker, Daniel Cole, Vice President of Investor Relations. You may begin. Speaker1 Thank you, and good morning. Welcome to our first quarter earnings call. Joining me today are Rohit Gupta, President and Chief Executive Officer and Dean Mitchell, Chief Financial Offi ...

Financial Data and Key Metrics Changes - In Q1 2025, GAAP earnings per share (EPS) for Trinity Industries was $0.29 on revenues of $585 million, reflecting a 12% decline in EPS despite a 38% decrease in external deliveries year over year, indicating resilience in the company's platform [6][17] - The adjusted return on equity for the last twelve months was 14.2%, demonstrating efficient capital deployment [7] - Quarterly cash from continuing operations was $78 million, with net gains on lease portfolio sales amounting to $6 million [18] Business Line Data and Key Metrics Changes - The railcar leasing and services segment performed well, with renewal lease rates 29.5% above expiring rates and fleet utilization at nearly 97% [12] - In the Rail Products Group, 3,060 new railcars were delivered, with orders for 695 railcars, leading to a decline in quarterly revenue and an operating margin of 6.2% [14][20] Market Data and Key Metrics Changes - Inquiry levels at the beginning of 2025 were the highest in several years, but customers are taking longer to make capital decisions, impacting order conversions [8][41] - The North American railcar fleet contracted for the first time in two years, with attrition outpacing deliveries in Q1 [10] Company Strategy and Development Direction - The company aims to be opportunistic as a railcar lessor, disciplined as a railcar builder, and innovative with customers, focusing on long-term investments in its fleet [8][15] - The guidance for industry railcar deliveries was lowered to approximately 28,000 to 33,000 railcars for the year, reflecting current market conditions [20] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the uncertainty in the macroeconomic environment for 2025 but expressed confidence in the long-term fundamentals of the business [5][61] - The company expects production, deliveries, and earnings to improve in the latter half of the year, despite anticipating a low point in Q2 [20][33] Other Important Information - The company completed $34 million in lease portfolio sales during the quarter, achieving gains of $6 million [13] - The company has $920 million in liquidity, with a loan-to-value ratio of 66.2% on its wholly owned fleet [19] Q&A Session Summary Question: FLRD measure changes and differences - The FLRD measure has decreased from previous quarters due to the mix of car types coming up for renewal, but overall remains positive [25][27] Question: Expectations for Q2 performance - Q2 is expected to be the weakest in terms of deliveries, margins, and overall earnings, with improvements anticipated in the latter part of the year [31][33] Question: Customer inquiries and order conversions - Inquiry levels are high, and several orders worth approximately $100 million are being finalized, indicating potential for conversion to orders [41] Question: Internal fleet deliveries - Approximately 29% of deliveries in Q1 went to the internal fleet, with expectations for over 30% for the full year [46] Question: Share repurchases - The company remains opportunistic regarding share repurchases, having bought back shares in Q1 [51][59]

Carrier Global (CARR) Q1 2025 Earnings Call May 01, 2025 07:30 AM ET Company Participants Michael Rednor - Vice President of Investor RelationsDavid Gitlin - Chairman & CEOPatrick Goris - Senior VP & CFONigel Coe - Managing DirectorAndrew Kaplowitz - Managing DirectorSteve Tusa - Managing DirectorJeffrey Sprague - Founder and Managing PartnerDeane Dray - Managing DirectorJoseph O'Dea - Managing DirectorChris Snyder - Executive DirectorAmit Mehrotra - Managing DirectorStephen Volkmann - Managing DirectorTomm ...

Smurfit Westrock (SW) Q1 2025 Earnings Call May 01, 2025 07:30 AM ET Company Participants Ciaran Potts - Head of Investor RelationsAnthony Smurfit - President & Group CEOKen Bowles - Executive VP, Group CFO & Executive DirectorCharlie Muir-Sands - Head of Paper & Packaging - Equity ResearchPhilip Ng - Managing DirectorMichael Roxland - MD - Equity ResearchLars Kjellberg - Managing DirectorDetlef Winckelmann - Equity research - Head of EMEA Paper & Packaging researchPatrick Mann - Vice PresidentKevin Fogarty ...

Smurfit Westrock (SW) Q1 2025 Earnings Call May 01, 2025 07:30 AM ET Speaker0 Good day, and thank you for standing by. Welcome to the Smurfit WestRock twenty twenty five Q1 Results Webcast and Conference Call. At this time, all participants are in a listen only mode. After the speakers' presentation, there will be a question and answer session. Please be advised that today's conference is being recorded. I would now like to hand the conference over to Kieran Potts, Smurfit WestRock Group VP, Investor Relati ...