EverQuote (EVER) Q1 2025 Earnings Call May 05, 2025 04:30 PM ET Company Participants Brinlea Johnson - Managing Partner and Co-Head of East CoastJayme Mendal - CEOJoseph Sanborn - Chief Financial OfficerJed Kelly - Managing Director - Equity Research Conference Call Participants Maria Ripps - Managing Director, Senior Research AnalystJason Kreyer - Senior Research AnalystZach Cummins - Senior Research AnalystRalph Schackart - Equity Research AnalystMayank Tandon - Senior AnalystNone - Analyst Operator Good ...

Financial Data and Key Metrics Changes - First quarter revenues were $244.5 million, up 5% sequentially from Q4 and 21% year-over-year [5][20] - Gross margin for Q1 was 12.4%, an increase of 40 basis points from Q4 but below the forecast of 14.5% [20] - Operating income for Q1 was $6.6 million, with net interest expense at $1.6 million and non-GAAP net income tax expense at $600,000 [20] Business Line Data and Key Metrics Changes - The company acknowledged challenges in transitioning from externally sourced products to internally manufactured products, impacting gross margins [6][20] - A new contract in the commercial space market led to higher costs and revenue push-outs due to redesign requirements [9] - The decision to exit the refurbishment business in Scotland had a slight negative impact on both revenue and gross margin [9] Market Data and Key Metrics Changes - The overall customer demand environment has remained consistent, with expectations for modest growth in wafer fab equipment (WFE) for 2025 [5] - Specific markets such as silicon carbide applications have weakened, affecting OEM customers differently [15] Company Strategy and Development Direction - The company aims to increase the use of proprietary, internally sourced components to drive gross margin expansion [10][17] - By the end of 2025, the company expects to have all four major customers qualified on all three major product families [12] - Planned capital expenditures for 2025 are expected to be around 4% of revenue, higher than the historical average of 2% [21] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strategy despite recent challenges, indicating that improvements in gross margins are expected as internal supply ramps up [18] - The company anticipates Q2 revenues between $225 million and $245 million, reflecting a slight decrease in visibility compared to previous guidance [15][22] - Management noted that geopolitical uncertainties and tariff impacts could affect future demand but did not foresee significant demand erosion [91] Other Important Information - The company is working to mitigate the impact of tariffs on gross margins and is collaborating with customers to manage costs [40][41] - The exit from the refurbishment business in Scotland was primarily due to declining demand, with an estimated annual revenue loss of around $10 million [99] Q&A Session Summary Question: Change in revenue outlook for the year - Management indicated that the softer outlook is primarily due to a slowdown in the lithography business and challenges in the non-semi business [26][28] Question: Execution on gross margin internalization - Management estimated that they achieved about 75% to 80% of their internal sourcing goals in Q1, with ongoing improvements expected [30][32] Question: Impact of tariffs on customers - Management noted that while some customers are pushing costs down, the company is working collaboratively to manage tariff impacts [40][41] Question: Confidence in second half growth - Management expressed confidence in continued strength in DRAM and NAND investments, with expectations for growth in the second half [46][91] Question: Disconnect with largest customer's guidance - Management clarified that they do not see significant disconnects in outlooks, with expectations for semi business to strengthen in the second half [54] Question: Clarification on severance costs - The majority of severance costs were related to exiting the Scotland operation, with some smaller reductions also accounted for [65]

Matson (MATX) Q1 2025 Earnings Call May 05, 2025 04:30 PM ET Company Participants Justin Schoenberg - Director, Investor Relations & Corporate DevelopmentMatthew Cox - Chairman, Director & CEOJoel M. Wine - Executive VP & CFODaniel Imbro - Managing DirectorOmar Nokta - Managing DirectorBenjamin Nolan - Managing Director Conference Call Participants Jacob Lacks - Analyst Operator you for standing by and welcome to Matson's First Quarter twenty twenty five Financial Results Conference Call. At this time, all ...

SI-BONE (SIBN) Q1 2025 Earnings Call May 05, 2025 04:30 PM ET Company Participants Saqib Iqbal - Senior Director of FP&A and Investor RelationsLaura Francis - Chief Executive OfficerAnshul Maheshwari - Chief Financial OfficerPhillip Dantoin - Assistant Vice PresidentYoung Li - Senior VP - Equity ResearchCaitlin Cronin - Director Conference Call Participants Craig Bijou - Equity Research AnalystDavid Turkaly - Research AnalystDavid Saxon - Senior AnalystRavi Misra - Associate Analyst - Medtech Equity Researc ...

Offerpad Solutions (OPAD) Q1 2025 Earnings Call May 05, 2025 04:30 PM ET Company Participants Cortney Read - Chief of Staff & VP, OperationsBrian Bair - Founder, Chairman & CEOPeter Knag - Chief Financial OfficerNicholas Jones - MD - Internet Equity ResearchDae Lee - VP - Equity ResearchRyan Tomasello - Managing DirectorMichael Ng - Managing Director - Global Investment ResearchVincent Kardos - Senior Associate Operator Good afternoon, and thank you for attending today's Offerpad First Quarter twenty twenty ...

Artivion (AORT) Q1 2025 Earnings Call May 05, 2025 04:30 PM ET Company Participants Laine Morgan - Associate Vice PresidentPatrick Mackin - Chairman , President & CEOLance Berry - Executive VP & CFOJohn McAulay - AVPSuraj Kalia - Managing DirectorDaniel Stauder - Director - Equity ResearchJeffrey Cohen - MD - Equity Research Conference Call Participants Frank Takkinen - Senior Research AnalystMichael Matson - Senior Analyst Operator Greetings. Welcome to our Ativian's First Quarter twenty twenty five Financ ...

Financial Data and Key Metrics Changes - In Q1 2025, the company generated revenues of $738 million and diluted earnings per share of $3.26, benefiting from fleet expansion and insurance settlements [7][8] - The company received $329 million in insurance proceeds during the quarter, with an additional $227 million received shortly after, contributing to record levels in revenue, fleet net book value, and book value per common share [8][30] - Interest expense increased by approximately $28 million year over year, driven by a rise in the composite cost of funds to 4.26% [28][29] Business Line Data and Key Metrics Changes - The company purchased 14 new aircraft, adding roughly $800 million in flight equipment, and sold 16 aircraft for $521 million in proceeds [9][26] - Rental revenue rose 5% year over year, totaling approximately $645 million, while lease yields remained flat compared to the previous year [26] - Sales proceeds from aircraft sales totaled $521 million, generating a gain on sale margin of approximately 13% [27] Market Data and Key Metrics Changes - Airlines in Asia reported strong passenger traffic and forward bookings, while North American airlines experienced softer traffic due to tariff announcements [11][12] - European airlines continued to show robust demand for aircraft, with positive earnings reported by major carriers like Lufthansa and Ryanair [13][14] - The global airline fleet remains behind in replacing older aircraft, with supply constraints expected to continue for the next three to four years [16][17] Company Strategy and Development Direction - The company aims to consider a wide range of capital allocation options, including organic and inorganic growth, as well as returning capital to shareholders [23] - The management emphasized the importance of maintaining flexibility in capital allocation decisions, particularly in light of ongoing insurance recoveries and market conditions [31][34] - The company is focused on driving shareholder value over the long term, despite geopolitical and macroeconomic uncertainties [23][34] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the company's prospects for 2025 and beyond, citing strong demand in Asia, Europe, and the Middle East [20][23] - The impact of tariffs on the airline industry remains uncertain, but management believes that the situation will be resolved without significant long-term disruptions [21][22] - The company is closely monitoring the debt capital markets and remains cautious in its approach to capital allocation [23][34] Other Important Information - The company highlighted that 87% of its business is outside North America, indicating a diversified market presence [15] - The management team acknowledged the retirement of Steve Hazy, recognizing his significant impact on the aircraft leasing industry [24][25] Q&A Session Summary Question: Can you provide examples of lease extensions or order book placements post-tariffs? - Management shared a recent lease extension with a major airline in Asia, with rates significantly higher than previous COVID-era rates [39] Question: What are the priorities for capital allocation? - Management indicated that all options, including buybacks, M&A, and increased dividends, are under consideration, with decisions expected in the coming quarters [46][48] Question: How do you view the potential for organic growth opportunities? - Management expressed flexibility in pursuing organic growth, including potential acquisitions of used aircraft, while maintaining discipline in new aircraft orders [58][60] Question: What are the expectations for net margins and profitability? - Management reaffirmed that there are no changes to profitability expectations for the year, with Q1 tracking positively against internal targets [75][76]

Weave Communications (WEAV) Q1 2025 Earnings Call May 05, 2025 04:30 PM ET Company Participants Mark McReynolds - Head of Investor RelationsBrett White - CEOJason Christiansen - CFOTimothy Greaves - Equity Research Associate Conference Call Participants Alex Sklar - AnalystBrent Bracelin - Sr. Research AnalystParker Lane - AnalystMichael Funk - Analyst Operator Ladies and gentlemen, greetings and welcome to the Vii First Quarter '20 '20 '5 Financial Results. At this time, all participants are in a listen on ...

Ameresco (AMRC) Q1 2025 Earnings Call May 05, 2025 04:30 PM ET Company Participants Leila Dillon - Senior Vice President of Marketing & CommunicationsGeorge Sakellaris - Chairman, President & CEOMark Chiplock - EVP, CFO & Chief Accounting OfficerJoshua Baribeau - Senior Director of Finance & Corporate TreasuryJoseph Osha - Senior Managing Director - Equity Research Conference Call Participants Noah Kaye - Senior Research AnalystGeorge Gianarikas - Managing Director and Senior AnalystKashy Harrison - Senior ...

Castle Biosciences (CSTL) Q1 2025 Earnings Call May 05, 2025 04:30 PM ET Company Participants Camilla Zuckero - Vice President of Investor Relations & Corporate AffairsDerek Maetzold - Founder, President & CEOMatthew Goldberg - Senior Vice President of MedicalFrank Stokes - CFOPuneet Souda - Senior MDTom Peterson - Senior Research AssociatePaul Knight - Managing DirectorSubbu Nambi - Managing Director Conference Call Participants Sung Ji Nam - Managing Director, Senior Equity Research AnalystKyle Mikson - M ...