Financial Data and Key Metrics Changes - Sales in the quarter were $884 million, representing a decrease of 3% in local currency, while reported sales declined by 5% in U.S. dollars [8][9] - Adjusted operating profit amounted to $237 million, down 11% from the prior year, with an adjusted operating margin of 26.8%, a decrease of 20 basis points [12][14] - Adjusted EPS for the quarter was $8.19, an 8% decrease over the prior year, while reported EPS was $7.81 compared to $8.24 in the prior year [13][14] Business Line Data and Key Metrics Changes - Laboratory sales decreased by 3%, while Industrial sales declined by 1%, with Core Industrial down 6% and Product Inspection up 8% [10] - Service sales increased by 6% in local currency during the first quarter [11] - Excluding the impact of shipping delay recoveries, Laboratory sales grew by 5%, Industrial grew by 2%, and Food Retail declined by 5% [11] Market Data and Key Metrics Changes - Local currency sales declined by 1% in The Americas, 7% in Europe, and 2% in Asia Rest of the World [9] - Local currency sales in China were flat during the quarter, with a 3% growth excluding the impact of shipping delay recoveries [10] - Market conditions in China remain soft, with increased economic uncertainty [27] Company Strategy and Development Direction - The company is implementing various actions to offset the impact of higher tariffs, including supply chain optimization, cost savings, price increases, and surcharges [17][31] - The company remains focused on growth, innovation, and operational excellence, leveraging its diverse product portfolio and geographic presence [28][32] - The company is well-positioned to benefit from onshoring investments and has a strong direct sales force to communicate its value proposition [30][32] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating the dynamic environment despite ongoing global trade disputes and tariffs, which have increased uncertainty in customer demand [7][27] - The outlook assumes market conditions will be slower than previously expected, particularly in China, with volume growth in the second half of the year expected to be similar to the first half [18][20] - Management highlighted the importance of their strong culture of teamwork and collaboration in successfully navigating uncertainty [27][32] Other Important Information - The company estimates incremental global tariff costs at approximately $115 million on an annualized basis [16][20] - Free cash flow for the quarter was $180 million, a 1% increase on a per-share basis [14][22] - The company expects total amortization to be approximately $72 million for the year, with interest expense forecasted at $72 million [21] Q&A Session Summary Question: Update on revenue growth forecast in China - For 2025, the company expects China to be down slightly, with lab business up low single digits and industrial business down low single digits [35][36] Question: Potential opportunity from manufacturing onshoring initiatives - The company is in discussions with customers about the benefits of its portfolio for manufacturing control systems, but the impact from reshoring is not yet significant [39][40] Question: Breakdown of tariff impact and mitigation efforts - The company estimates $50 million in tariff exposure from China and $250 million from imports to the U.S., with pricing expected to increase by about 3% [46][47][49] Question: Insights on the industrial market and customer behavior - Management noted some delays in larger projects in China, but overall, they remain confident in their automation solutions for the industrial market [53][55] Question: Services growth outlook - The company forecasts mid to high single-digit growth in services for 2025, supported by investments in marketing and sales resources [97][99] Question: Impact of tariffs on EPS guidance - The company expects a gross headwind of about 7% to EPS from tariffs, with mitigation actions expected to offset approximately 75% of that impact [88][101]

BrightSpring Health Services (BTSG) Q1 2025 Earnings Call May 02, 2025 08:30 AM ET Speaker0 you for standing by. Welcome to the BrightSpring Health Services First Quarter twenty twenty five Earnings Conference Call. At this time, all participants are in listen only mode. After the speakers' presentation, there will be a question and answer session. As a reminder, today's program is being recorded. And now I'd like to introduce your host for today's program, David Investor Relations. Please go ahead. Speaker ...

Amneal Pharmaceuticals (AMRX) Q1 2025 Earnings Call May 02, 2025 08:30 AM ET Speaker0 Good morning, and welcome to the Amneal Pharmaceuticals First Quarter twenty twenty five Earnings Call. I'd now like to turn the call over to Amneal's Head of Investor Relations, Tony DeMayo. Speaker1 Good morning, and thank you for joining Amneal Pharmaceuticals' first quarter twenty twenty five earnings call. Today, we issued a press release reporting Q1 results. The earnings press release and presentation are available ...

Apollo Global Management (APO) Q1 2025 Earnings Call May 02, 2025 08:30 AM ET Company Participants Noah Gunn - Managing Director & Global Head of Investor RelationsMarc Rowan - Co-Founder, CEO & Chairman of the BoardJames Zelter - PresidentMartin Kelly - CFO & PartnerSteven Chubak - Managing DirectorAlexander Blostein - Managing DirectorPatrick Davitt - Partner Conference Call Participants Glenn Schorr - Senior Managing Director & Senior Research AnalystWilliam Katz - Senior Equity AnalystKen Worthington - ...

Sun Country Airlines (SNCY) Q1 2025 Earnings Call May 02, 2025 08:30 AM ET Speaker0 and welcome to the Sun Country Airlines First Quarter twenty twenty five Earnings Call. My name is Carmen, and I will be your operator for today's 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 will now turn the call over to Chris Allen, Director of Investor Relations. ...

American International Group (AIG) Q1 2025 Earnings Call May 02, 2025 08:30 AM ET Company Participants Quentin Mcmillan - Vice President, Managing Director, IRPeter Zaffino - Chairman & CEOKeith Walsh - EVP & CFODon Bailey - EVP & CEO - North America Commercial InsuranceJohn Rice - Lead Independent DirectorMeyer Shields - Managing DirectorAndrew Andersen - Equity Research Vice PresidentBrian Meredith - Managing Director Conference Call Participants Mike Zaremski - AnalystAlex Scott - Equity Research Analyst ...

inTEST (INTT) Q1 2025 Earnings Call May 02, 2025 08:30 AM ET Speaker0 Greetings and welcome to the Intest Corporation First Quarter twenty twenty five Financial Results. At this time, all participants are in a listen only mode. A brief question and answer session will follow the formal presentation. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Sean Suthardt, Investor Relations with nTest. Thank you. You may begin. Speaker1 Good morning, everyone. We certain ...

Proto Labs (PRLB) Q1 2025 Earnings Call May 02, 2025 08:30 AM ET Speaker0 As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Jason Frankman, Vice President and Corporate Controller. Thank you. You may begin. Speaker1 Thank you, Shamali. Good morning, everyone, and welcome to Proto Labs' first quarter twenty twenty five earnings conference call. I'm joined today by Rob Bedore, president and chief executive officer, and Dan Schumacher, Chief Financial Officer. This ...

Financial Data and Key Metrics Changes - The company reported a net sales increase of 6.2% in Q4 fiscal 2024, reaching $80 million compared to $75.3 million in Q4 fiscal 2023, with a 9% increase when excluding the impact of an extra week in the prior year [15][16] - Adjusted operating margin improved by 100 basis points despite relatively flat sales performance year-over-year [14] - The net loss for Q4 was $28.3 million, or a loss per share of $2.24, compared to a net loss of $4.7 million, or a loss per share of $0.37, in the same period last year [20] Business Line Data and Key Metrics Changes - The wholesale segment saw a significant increase of 26.7%, which offset an 8.1% decrease in the direct-to-consumer segment [16] - The direct-to-consumer business was impacted by store closures, remodels, and relocations, leading to inconsistent store sales performance [8][16] - Gross profit for Q4 was $40.1 million, representing 50.1% of net sales, an increase from 45.4% in the prior year, driven by lower promotional activity and reduced product costs [17] Market Data and Key Metrics Changes - As of the end of fiscal 2024, over 60% of the company's cost of goods sold were sourced from China, highlighting significant exposure to tariff impacts [9][21] - The company is actively working on diversifying its sourcing base to mitigate tariff risks, planning to move about one-third of its exposure outside of China for fall products [9][21] Company Strategy and Development Direction - The company is focused on navigating evolving tariff policies and managing consumer behavior changes due to the dynamic market environment [8][10] - A transformation plan implemented over the past year has delivered $10 million in savings, which will now assist in managing tariff mitigation strategies [10] - The company is enthusiastic about expanding its product categories, particularly in accessories, and is planning new store openings in the U.S. and internationally [31] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate current challenges due to the strong foundation built over the past year [10][12] - The company will not provide full-year guidance due to increased uncertainty regarding tariffs and consumer behavior [10][22] - For Q1 fiscal 2025, the company expects a sales decline of approximately 5% compared to the prior year, primarily due to planned store activities and shifts in wholesale shipments [23] Other Important Information - A non-cash goodwill impairment charge of $32 million was recorded in Q4 due to a change in control of ownership [18][19] - The company is evaluating strategic price increases to absorb increased costs associated with tariffs [10][21] Q&A Session Summary Question: Potential for new product categories and store expansion - Management is excited about the evolution of product categories, particularly in accessories, and is planning new store openings in the U.S. and London [30][31] Question: Marketing to core customers and price increases - The company has focused on full-price customers, which will support potential price increases due to tariffs [34] Question: Revenue shift in wholesale - The revenue shift in wholesale to Q4 was not material, as Q4 is a larger business compared to Q1 [40] Question: Impact of tariffs on product introductions - There will be some SKU reduction due to tariffs, but the company is confident in changing sourcing to protect key items [42] Question: Strategy on freight methods - The company is balancing between air and boat freight to maintain flexibility in response to tariff changes [45]

The Cigna Group (CI) Q1 2025 Earnings Call May 02, 2025 08:30 AM ET Company Participants Ralph Giacobbe - Senior VP - IRDavid Cordani - Chairman & Chief Executive OfficerBrian Evanko - President & COOAnn Dennison - EVP & CFOLisa Gill - Managing DirectorA.J. Rice - Managing DirectorCharles Rhyee - Managing DirectorAndrew Mok - DirectorJoshua Raskin - Partner - Managed Care & Providers Conference Call Participants Justin Lake - Analyst - Healthcare ServicesAnn Hynes - Senior Healthcare Services Equity Analyst ...