Murphy USA (NYSE:MUSA) Q4 2025 Earnings call February 05, 2026 11:00 AM ET Company ParticipantsBobby Griffin - Managing DirectorBonnie Herzog - Managing DirectorBrad Thomas - Managing DirectorChristian Pikul - VP of of Investor RelationsCorey Tarlowe - Senior VP of Equity ResearchEd Kelly - Managing DirectorIrene Nattel - Managing DirectorJacob Aiken-Phillips - Director of Consumer and Retail ResearchMindy West - President and CEOPooran Sharma - Managing Director of Equity ResearchOperatorThank you for stan ...

Financial Data and Key Metrics Changes - Consolidated net sales increased by 4.6% to $318.2 million, driven primarily by higher pricing across most product lines, partially offset by slightly lower volumes [12][9] - Gross profit rose by 16.3% to $119.8 million, with gross margin expanding by 380 basis points to 37.6% [12][14] - Adjusted EBITDA reached a first-quarter record of $72.1 million, an increase of 13.5% compared to the prior year [14] - Adjusted net income per diluted share increased by 16% year-over-year to $0.29, setting another first-quarter record [14] Business Line Data and Key Metrics Changes - Water Flow Solutions (WFS) net sales decreased by 0.9% to $173 million, while adjusted operating income increased by 28% to $49.4 million [15] - Water Management Solutions (WMS) net sales increased by 12% to $145.2 million, but adjusted operating income decreased by 11.2% to $24.5 million due to increased tariffs and inflationary pressures [17] Market Data and Key Metrics Changes - The company anticipates healthy municipal repair and replacement activity and strong growth in project-related work using specialty valves, which will offset slower new residential construction activity [10][20] - A high single-digit decrease in the residential construction market is expected, while municipal repair and replacement growth is projected in the low to mid-single-digit range [55][57] Company Strategy and Development Direction - The company is focused on improving operational execution and strengthening relationships with stakeholders, aiming for sustained margin expansion and long-term value creation [11][22] - Strategic capital expenditures are expected to increase capacity and drive efficiencies, particularly in domestic capabilities related to iron foundries [46][47] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's performance and the resilience of end markets, despite challenges from tariffs and inflation [10][60] - The company raised its fiscal 2026 guidance for consolidated net sales and adjusted EBITDA, reflecting strong first-quarter results and expectations for end market demand [20][21] Other Important Information - The company generated $44 million of free cash flow and returned approximately $16 million to shareholders through dividends and share repurchases [9] - The balance sheet remains strong, with no debt maturities until June 2029 and ample liquidity to support strategic priorities [19] Q&A Session Summary Question: Can you quantify how much you guys have raised prices so far this year? - The majority of the increased growth in guidance is predominantly price-related, with annual price increases recently announced [26] Question: Can you break down the impacts from manufacturing efficiencies and pricing on margins? - The closure of the legacy brass foundry provided significant benefits, impacting margins positively [27] Question: Can you size for us the inflation pressures? - The company expects to be price positive for the full year, with approximately a 3% impact from tariffs factored into guidance [36][37] Question: What is the expectation for residential construction activity? - A high single-digit range of slowdown in residential construction is anticipated, but there is potential for increased activity if rates lower [38] Question: Can you provide more color on Mueller's transformation and growth prospects? - The company has improved commercial and operational investments, with further capital expenditures planned to drive capacity and efficiencies [43][44] Question: What are the priorities for capital deployment? - The company is focused on evaluating acquisition opportunities, particularly in drinking water and wastewater sectors [46] Question: Can you run through your exposures in repair and replace contributions? - The company expects resilient end markets, with growth in municipal repair and replacement offsetting declines in residential construction [55][57]

Helmerich & Payne (NYSE:HP) Q1 2026 Earnings call February 05, 2026 11:00 AM ET Speaker3Thank you for your continued patience. Your meeting will begin shortly. If you need assistance at any time, please press star zero, and a member of our team will be happy to help.Good day, everyone, and welcome to the Helmerich & Payne Fiscal First Quarter earnings call. At this time, all participants are in a listen-only mode. Later, you will have the opportunity to ask questions during the question-and-answer session. ...

Barrick Mining (NYSE:GOLD) Q4 2025 Earnings call February 05, 2026 11:00 AM ET Speaker11Welcome everyone to Barrick's fourth quarter 2025 results presentation. At this time, all participants are in listen-only mode. As a reminder, this event is being recorded, and a replay will be available on Barrick's website later today. I will now turn the call over to Cleve Rueckert, Head of Investor Relations. Please go ahead.Speaker2Thank you, Mariana, and good morning, everyone. We hope you've had an opportunity to ...

RBC Bearings (NYSE:RBC) Q3 2026 Earnings call February 05, 2026 11:00 AM ET Speaker3Good morning, and thank you for joining us for RBC Bearings Fiscal Third Quarter 2026 earnings call. I'm Josh Carroll with the investor relations team. With me on today's call are Dr. Hartnett, Chairman, President, and Chief Executive Officer; Daniel Bergeron, Director, Vice President, and Chief Operating Officer; Rob Sullivan, Vice President and Chief Financial Officer. As a reminder, some of the statements made today may b ...

Globe Life (NYSE:GL) Q4 2025 Earnings call February 05, 2026 11:00 AM ET Speaker7Hello, and welcome to Globe Life Inc.'s fourth quarter earnings release call. My name is Jim. I will be your coordinator for today's event. Please note this call is being recorded, and all phone lines have been placed in a listen-only mode to prevent any potential background noise. Also, if you would like to ask a question during today's question and answer session, simply press Star and the digit One on your telephone keypad. ...

O’Reilly Automotive (NasdaqGS:ORLY) Q4 2025 Earnings call February 05, 2026 11:00 AM ET Speaker4Welcome to the O'Reilly Automotive Inc. fourth quarter and full year 2025 earnings call. My name is Matthew, and I'll be your operator for today's call. At this time, all participants are on a listen-only mode. Later, we'll conduct a question-and-answer session. During the question-and-answer session, if you have a question, please press star 1 on your touch-tone phone. I will now turn the call over to Jeremy Fle ...

Financial Data and Key Metrics Changes - Ares Management achieved a record $994 million in management fees for Q4 2025, totaling $3.7 billion for the full year, representing a 27% increase quarter-over-quarter and a 25% increase year-over-year [28] - Fee-related earnings (FRE) for the full year increased by 30% compared to the prior period, with a record FRE of $528 million in Q4, reflecting a 33% year-over-year growth [31] - Realized income for Q4 reached a record $589 million, with full-year realized income exceeding $1.8 billion, marking a 26% increase from 2024 [34] Business Line Data and Key Metrics Changes - The wealth management business saw AUM grow to over $66 billion, a 69% increase year-over-year, driven by strong performance across semi-liquid wealth products [7][22] - The real estate group raised more than $16 billion for the year, including over $7 billion in Q4, with significant commitments in various real estate strategies [18] - The secondaries group raised $12.9 billion for the full year, with AUM increasing by 45%, nearly doubling in size since the acquisition of Landmark [21] Market Data and Key Metrics Changes - Ares Management's total AUM reached over $622 billion, a 29% increase year-over-year, with $113 billion in total fundraising for 2025 [5] - The company reported a record $46 billion in deployment for Q4, with full-year gross deployment totaling $146 billion, a 37% increase over 2024 [6] - The private equity business reported organic portfolio company EBITDA growth of 13% for the last 12 months in its latest fund, ACOF Six [10] Company Strategy and Development Direction - Ares Management is focused on expanding its investment platform and geographic reach, with significant investments in new data systems and AI projects to enhance decision-making and operational efficiency [7][8] - The acquisition of GCP has positioned Ares as a global top three owner and operator of industrial real estate, contributing to the growth of its real estate and digital infrastructure offerings [7] - The company aims to leverage its diverse strategies across asset classes and geographies to capture growth opportunities, particularly in real assets and secondaries [68] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the improving transaction environment and pent-up demand for private equity sponsors seeking liquidity solutions, supported by a large inventory of seasoned assets and an improving interest rate environment [12][13] - The company anticipates 2026 to be a significant year for realizing European-style performance fees, with expectations for substantial growth in fee-related performance revenues [28] - Management highlighted strong fundamentals across credit portfolios, with loan-to-value ratios near historical lows and improving interest coverage [34][43] Other Important Information - Ares Management declared a 20% year-over-year increase in its first quarter 2026 common dividend to $1.35 per share [3] - The company has a substantial dry powder of $156 billion, positioning it well for future investments [27] - Ares is well-prepared to navigate market challenges, including potential risks from AI disruptions, with a diversified portfolio and strong fundamentals [42][43] Q&A Session Summary Question: Impact of software AI disruption on deployment efforts - Management expressed confidence in their software investments, emphasizing the diversification and stability of their portfolio, and noted that the disruption would not significantly impact overall origination volumes [47][50] Question: Wealth channel performance and sentiment - Management reported strong flows in January and February, with broad-based demand across private credit and core infrastructure products, indicating resilience in the wealth channel despite some cyclicality [54][59] Question: Outlook for real assets and secondaries - Management highlighted ongoing growth in real estate and secondaries, with expectations for significant fundraising and deployment opportunities in these areas [64][71]

NOV (NYSE:NOV) Q4 2025 Earnings call February 05, 2026 11:00 AM ET Speaker2day, and thank you for standing by. Welcome to the NOV fourth quarter 2025 earnings conference call. At this time, all participants are on a listen-only mode. After the speaker's presentation, there'll be a question-and-answer session. To ask a question during the session, you will need to press star one one on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please pres ...

Financial Data and Key Metrics Changes - Sales for fiscal year 2025 were reported at $54.4 billion, reflecting a 2.1% increase compared to the previous year [33] - Operating cash flows for the full year reached $2.2 billion, significantly exceeding capital expenditures of $978 million and dividends of $697 million [34] - The company ended the year with $3.7 billion in liquidity and a net leverage ratio of 2.1 times, which is an improvement of half a turn compared to the previous year [34] Business Line Data and Key Metrics Changes - Tyson Foods continues to be a leader in protein production, producing one in every five pounds of chicken, beef, and pork in the United States [37] - The company has three of the top ten protein brands in the U.S., including Tyson, Jimmy Dean, and Hillshire Farm, which are gaining market share in both volume and dollars [38] Market Data and Key Metrics Changes - Demand for protein products is increasing as consumers prioritize protein in their diets, supported by new U.S. dietary guidelines [37] - Tyson's branded products are outperforming the broader food category in both retail and food service, indicating a strong competitive advantage [38] Company Strategy and Development Direction - The company is focused on improving operational execution and driving better financial performance through disciplined capital management and investment [33][39] - Tyson Foods aims to continue defining the protein industry and capitalize on future opportunities while maintaining financial strength [40] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's cash flows and the ability to return value to shareholders through dividends and share repurchases [34][35] - The leadership emphasized the importance of team member development and operational expertise as central to the company's culture and long-term success [39] Other Important Information - The annual dividend per Class A share is expected to increase to $2.04, marking the 14th consecutive year of dividend increases [35] - The company is committed to transparency and ethical standards in its operations, particularly regarding community and environmental responsibilities [25][30] Q&A Session Summary Question: Shareholder proposal on voting results disclosure - The proposal requesting the board to adopt a policy for disclosing voting results by class of shares received a minority of votes and was defeated [19] Question: Shareholder proposal on environmental impacts from waste lagoons - The proposal seeking disclosure on environmental and human health impacts from waste lagoons also received a minority of votes and was defeated [26] Question: Shareholder proposal on immigration practices impact - The proposal assessing the impact of U.S. immigration law changes on the company's finances and operations received a minority of votes and was defeated [31]