Financial Data and Key Metrics Changes - The company reported a 2.1% decrease in revenue year on year, but net revenue adjusted for the flooring divestiture increased by 2.8% [15] - Organic revenue was up 0.4%, with pricing up 0.7% and volume down 0.3% year on year [16] - Adjusted EBITDA for the quarter was $166 million, reflecting a 5% year on year increase [17] - Adjusted earnings per share (EPS) was $1.18, up 5% compared to the second quarter of 2024 [17] - Operating cash flow increased by 36% year on year to $111 million [17] - Net debt to adjusted EBITDA decreased from 3.5 times to 3.4 times [17] Business Line Data and Key Metrics Changes - In HHC, organic revenue increased by 1.8% year on year, driven by positive volume and pricing, although EBITDA margin was down year on year due to higher raw material costs [8] - Engineering Adhesives saw a 0.4% decrease in organic revenue, but EBITDA increased by 24% with EBITDA margin rising to 22.9% [10] - Building Adhesive Solutions experienced a 0.9% decrease in organic sales, while EBITDA increased by 5% and EBITDA margin expanded to 16.7% [11] Market Data and Key Metrics Changes - In the Americas, organic revenue was up 2% year on year, driven by strength in roofing and flexible packaging [11] - EIMEA region saw a 2% decline in year-over-year organic revenue, with strong performance in hygiene offset by weak demand in construction-related markets [12] - Asia Pacific organic revenue was slightly up year on year, with strong performance in transportation-related markets but slower results in solar and electronics [12] Company Strategy and Development Direction - The company is focused on delivering positive organic revenue growth while managing costs and leveraging global sourcing to respond to market uncertainties [6] - A strategic shift towards higher growth, higher margin markets is underway, including the divestiture of lower margin businesses [6] - The company aims to achieve a greater than 20% EBITDA margin target and is optimistic about margin expansion in 2025 [26] Management's Comments on Operating Environment and Future Outlook - Management expects a challenging operating environment with constrained demand and high uncertainty, particularly in the second half of the year [12] - Despite economic uncertainties, the company is optimistic about its strong execution and expects profit growth to accelerate in the second half [13] - The company is prepared for potential lower volumes due to tariffs and is actively managing costs to mitigate impacts [89] Other Important Information - The company was recognized as one of the world's greenest companies in 2025 by Newsweek, highlighting its commitment to sustainability [23] - The Vice President of Investor Relations announced retirement, with a transition plan in place [24] Q&A Session Summary Question: Can you provide more context on the strong margin performance in Engineering Adhesives? - The strong margin performance was attributed to better-than-expected performance from the ND Industries acquisition and strong cost control measures [34] Question: How did volume velocity compare across business units in fiscal Q2? - Overall volume trends were flat in Q2, with some positive momentum in automotive and flexible packaging, while residential construction showed softness [39] Question: What is the outlook for the electronics market, particularly in China? - There was a temporary pause in electronics exports from China, but the company expects recovery in the second half due to new business opportunities [48] Question: How should we think about the progression of price cost and margin profile in HHC? - The company anticipates significant margin expansion in HHC due to raw material cost reductions and strong pricing actions [50] Question: What is the expected capital expenditure trajectory for the remainder of the year? - The company expects to close the gap in capital spending in the second half of the year, with a total guidance of $150 million for the full year [61] Question: What is the impact of tariffs on the company's operations? - The direct impact of tariffs is limited due to local sourcing, but the company is prepared for potential volume impacts and is actively managing costs [89]

Orion Energy Systems (OESX) Q4 2025 Earnings Call June 26, 2025 10:00 AM ET Company Participants William Jones - SVPSally Washlow - CEOPer Brodin - CFOBill Dezellem - Founder, President & Chief Investment Officer Conference Call Participants Eric Stine - Senior Research AnalystSameer Joshi - Senior Equity Research AnalystGowshihan Sriharan - AnalystNone - Analyst Operator Good morning, everyone, and welcome to Orion Energy Systems Fiscal twenty twenty five Fourth Quarter Conference Call. At this time, all p ...

Financial Data and Key Metrics Changes - In Q4 2025, revenue was $20.9 million, up from $19.6 million in Q3 2025 but down from $26.4 million in Q4 2024 [14] - Fiscal 2025 revenues totaled $79.7 million, compared to $90.6 million in fiscal 2024, reflecting a decline [14] - The net loss for Q4 2025 was $2.9 million, or $0.09 per share, compared to a net income of $1.6 million, or $0.05 per share in Q4 2024 [19] - Fiscal 2025 net loss increased slightly to $11.8 million, or $0.36 per share, compared to a net loss of $11.7 million, or $0.36 per share in fiscal 2024 [19] - Cash generated from operations improved to $600,000 in fiscal 2025 from negative $10.1 million in fiscal 2024 [19] Business Line Data and Key Metrics Changes - The EV charging business saw a revenue increase of 1837% in Q4 2025, driven by expanded geographic reach and order backlog execution [14] - LED lighting revenues in Q4 2025 and fiscal 2025 decreased by 3322% year-over-year due to reduced project activity and product demand [15] - Electrical Maintenance Services revenue decreased to $4.1 million in Q4 2025 from $5.2 million a year ago, but gross profit margin improved significantly to 18.2% from 4.4% in fiscal 2024 [16][17] Market Data and Key Metrics Changes - The company expects modest growth in LED lighting and electrical maintenance revenues for fiscal 2026, while anticipating flat to slightly lower EV charging revenues due to uncertainty in project funding [21] - The overall gross profit margin increased by 170 basis points to 27.5% in Q4 2025 compared to 25.8% in fiscal 2024, attributed to improvements in maintenance and a higher margin revenue mix in EV charging [17] Company Strategy and Development Direction - The company has reorganized into two commercial business units: Solutions and Partners, to better leverage capabilities across LED lighting, EV charging, and electrical maintenance [9][10] - The Solutions unit focuses on large projects and cross-selling opportunities, while the Partners unit emphasizes product sales through distribution channels [10] - The company aims to enhance leadership and urgency in executing its growth and profitability goals, with a focus on integrating engineering design and project management capabilities [12] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the need for improved execution on product and service opportunities and emphasized the importance of maintaining customer relationships [6][12] - The company is optimistic about its project pipeline and expects to achieve positive adjusted EBITDA for the full fiscal year 2026 [22] - Management remains cautious about the EV charging segment due to uncertainties in federal funding and project timelines, despite a strong project pipeline [31][38] Other Important Information - The company reduced operating overheads by more than $4 million in fiscal 2025 and plans to implement further reductions in fiscal 2026 [8] - A binding term sheet was executed to address Voltrec earn-out obligations, which includes issuing $1 million in common stock and a cash payment of $875,000 [20] Q&A Session Summary Question: Order trends and expectations for Q2 - Management noted a strong start to the year with orders, particularly in April, and expects this trend to continue [28] Question: Assumptions for EV charging revenue outlook - Management is taking a conservative approach for the EV segment, citing a strong project pipeline but acknowledging potential impacts from federal actions [31][38] Question: Clarification on earn-out obligations - The earn-out opportunity related to the purchase has ended, with remaining obligations tied to stock and cash payments [39] Question: Revenue cadence throughout the quarter - Management expects a more consistent revenue flow throughout the year, with subsequent quarters anticipated to be higher than Q1 [43] Question: Gross margins by business unit - Management expects gross margins to be relatively consistent across business units, with potential for improvement based on cost-saving initiatives [44] Question: Impact of federal government rule changes - Management clarified that while there has been some noise, the company has not been significantly impacted by federal funding issues, particularly in the EV segment [60][61]

CoStar Group (CSGP) FY 2025 Annual General Meeting June 26, 2025 10:00 AM ET Speaker0 Chris Lown, chief financial officer of CoStar Group Inc, and I will be acting as chair of the meeting today. It is a pleasure to welcome you to the company's twenty twenty five annual meeting of stockholders. It is 10AM, and the meeting is now called to order. We have Rory Serrano from Ernst and Young, the company's independent registered public accounting firm, who will be available to answer questions during the q and a ...

Culp (CULP) Q4 2025 Earnings Call June 26, 2025 09:00 AM ET Company Participants Dru Anderson - Senior PartnerRobert G. Culp IV - President & CEOKenneth Bowling - EVP, CFO & Treasurer Conference Call Participants Brian Gordon - Senior Research Analyst Operator Good day, and welcome to the Culp Inc. Fourth Quarter Fiscal twenty twenty five Earnings Conference Call. All participants will be in a listen only mode. After today's presentation, there will be an opportunity to ask questions. To ask a question, you ...

Financial Data and Key Metrics Changes - For the fourth quarter, net sales were $48.8 million, generally flat compared to $49.5 million in the prior year period [25] - The company reported a loss from operations of $2.2 million, which included $1.5 million in restructuring-related expenses, compared to a loss of $4.2 million in the prior year [25] - Net loss for the fourth quarter was $2.1 million or $0.17 per diluted share, compared to a net loss of $4.9 million or $0.39 per diluted share for the prior year [26] - Adjusted EBITDA for the fourth quarter was $559,000 compared to a negative $2.2 million in the prior year [26] - For the full fiscal year, net sales were $213.2 million, down 5.4% compared to the previous year [27] Business Line Data and Key Metrics Changes - Mattress fabrics segment sales for the fourth quarter were $27.1 million, up 5.3% compared to the prior year [30] - Upholstery fabrics segment sales for the fourth quarter were $21.7 million, down 8.9% compared to the prior year [32] - Operating loss in the mattress fabrics segment for the quarter was $217,000, compared to an operating loss of $2.9 million in the prior year [31] - Operating income for the upholstery fabrics segment for the quarter was $1.1 million, compared to $975,000 in the prior year [33] Market Data and Key Metrics Changes - The mattress industry is experiencing a projected decline in overall sales, with a report indicating a decline in units of around 11% [11] - Demand trends in the furniture market segment for upholstery fabrics continue to be historically low, particularly on the residential side [12] - The hospitality and commercial markets for upholstery fabrics have remained relatively solid, constituting approximately 42% of total upholstery sales during the quarter [14] Company Strategy and Development Direction - The company has completed a restructuring plan aimed at reducing fixed costs and enhancing operational efficiency [9] - An integration initiative called Project Blaze is underway to unify the mattress and upholstery fabric divisions, expected to generate approximately $3 million in annualized savings [20] - The company is focusing on price increases in response to tariff impacts, with an expected annualized benefit of $2.5 million [21] Management's Comments on Operating Environment and Future Outlook - Management noted that the macroeconomic uncertainty and global trade environment have pressured demand, leading to suspended shipments from China [38] - The company anticipates year-over-year sales growth in the mattress fabrics business, while expecting continued sales pressure on the residential side of the upholstery business [38] - Management emphasized the importance of maintaining liquidity and capital expenditures while prioritizing free cash flow [39] Other Important Information - The effective income tax rate for the fourth quarter was 10.5%, compared to a negative 19.8% for the same period a year ago [28] - Cash flow from operations and free cash flow were negative $17.7 million and negative $17.1 million, respectively, for the full fiscal year [34] - The company extended its credit facility with Wells Fargo for an additional three years, providing liquidity and financing flexibility [23] Q&A Session Summary Question: Could you talk about the cadence of business across mattress, residential upholstery, and commercial upholstery? - Management expressed optimism about the mattress fabrics business and noted challenges in residential upholstery due to demand cycles [42][44] Question: How have tariffs specifically impacted end customer demand across segments? - Management indicated that while prices are being passed to consumers, tariffs are just one factor among many affecting consumer demand [46] Question: What are the revenue assumptions baked into the pricing gains? - Management clarified that the price increases are based on steady state revenue and are primarily on the mattress side [48] Question: Can you explain the change in approach to inventory markdowns? - Management noted that they adjusted their markdown strategy to better align with actual prices received, generating a $1.7 million benefit in the quarter [54] Question: How aggressive will the company be on debt pay down? - Management stated they will pay down debt as quickly as possible while ensuring working capital needs are met [56] Question: What growth investments will the company prioritize in 2026? - Management highlighted opportunities in the mattress fabric and hospitality markets, while also continuing to focus on residential upholstery [60][66]

Equity Residential (EQR) FY 2025 Annual General Meeting June 26, 2025 09:00 AM ET Speaker0 Farrell, President, Chief Executive Officer and a trustee of Equity Residential, and I will act as Chairman of today's meeting. It is my pleasure on behalf of the Board of Trustees to welcome you to the company's twenty twenty five Annual Meeting of Shareholders. The meeting is being held as a virtual meeting to facilitate an opportunity for participation by a wide group of our shareholders. We have shareholders atten ...

Steelcase (SCS) Q1 2026 Earnings Call June 26, 2025 08:30 AM ET Company Participants Mike O’Meara - Director - IR, Financial Planning & AnalysisSara Armbruster - President & CEODavid Sylvester - SVP & CFO Conference Call Participants Reuben Garner - Equity Research AnalystGregory Burns - Equity Research AnalystSteven Ramsey - Senior Equity AnalystJoe Gomes - Senior Generalist Equity Analyst Operator Good morning. My name is Rob, and I will be your conference operator today. At this time, I would like to wel ...

Worthington Steel (WS) Q4 2025 Earnings Call June 26, 2025 08:30 AM ET Company Participants Melissa Dykstra - VP - IR & Corporate CommunicationsGeoff G. Gilmore - CEO, President & DirectorTim Adams - VP & CFOSamuel McKinney - AVP - Equity ResearchJohn Tumazos - Owner & CEO Operator Good morning, and welcome to Worthington Steel's Fourth Quarter twenty twenty five Earnings Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question and answe ...

Financial Data and Key Metrics Changes - The company reported a 7% revenue growth in Q1 fiscal 2026, with adjusted earnings per share of $0.20, up 25% year-over-year [6][16] - Adjusted operating margin improved to 5%, an increase of 110 basis points compared to the previous year, driven by The Americas, which posted a margin of 6.7% [6][18] - Total orders in Q1 saw a less than 1% decline year-over-year but were up 7% on a two-year stack basis [6][20] Business Line Data and Key Metrics Changes - In The Americas, order growth from large corporate customers continued, while declines were noted in education and government sectors due to changes in federal funding policies [7][20] - The international segment experienced a 1% organic revenue decline, with growth in India, the UK, and China offset by declines in Germany and France [17][21] Market Data and Key Metrics Changes - The Americas saw strong order growth from large technology customers, while education and government sectors faced challenges [7][20] - Internationally, the performance varied, with Asia Pacific exceeding expectations, while EMEA results fell short [17][21] Company Strategy and Development Direction - The company is focused on leading the transformation of the workplace, particularly among large corporate customers [8][12] - Strategic pillars include expanding market reach and strengthening profitability through cost reduction and efficiency improvements [14][24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ongoing transformation of workplaces and the need for companies to invest in their spaces to support hybrid work [7][42] - The company anticipates continued momentum from large corporate customers, despite challenges in the education sector and macroeconomic headwinds in Europe [24][34] Other Important Information - The company incurred $9 million in restructuring costs related to the exit of approximately 85 salaried employees, aimed at prioritizing strategic growth initiatives [19] - The company expects Q2 revenue to range between $860 million and $890 million, reflecting organic growth of up to 3% year-over-year [22][23] Q&A Session Summary Question: How significant was the impact of education on the quarter's performance? - Management indicated that about one-third of orders came from education and government sectors, while two-thirds came from large corporate and other vertical markets, which performed well [27][28] Question: What is the outlook for education orders in the next quarter? - Education orders are expected to remain significant early in Q2 but will have less impact in the latter half of the year [29] Question: How does the company view pricing and cost recovery? - The company implemented a tariff recovery charge in March and anticipates that pricing increases will help offset inflation and tariff costs [30][31] Question: What are the expectations for full-year guidance? - The company targets mid-single-digit organic revenue growth and aims to expand adjusted operating margins compared to the previous year [34] Question: What actions are being taken to improve international segment profitability? - The company is taking steps to restructure operations in Europe to achieve consistent profitability, despite current demand levels [39][40] Question: What is driving the resilience in large corporate demand? - Management noted that companies are investing in their workplaces to adapt to new ways of working, which is driving demand [42][63]