Universal Display (OLED) Q1 2025 Earnings Call May 01, 2025 05:00 PM ET Company Participants Darice Liu - Senior Director of Investor Relations & Corporate CommunicationsSteven Abramson - President, Chief Executive Officer & DirectorBrian Millard - VP, CFO & TreasurerTyler Bisset - Equity Research Associate Conference Call Participants James Ricchiuti - Senior AnalystMehdi Hosseini - Senior Equity Research AnalystScott Searle - Managing Director, Senior Research AnalystNam Hyung Kim - Senior AnalystNone - A ...

Envista (NVST) Q1 2025 Earnings Call May 01, 2025 05:00 PM ET Company Participants Jim Gustafson - VP - IRPaul Keel - CEOEric Hammes - Chief Financial OfficerJonathan Block - Managing Director Conference Call Participants Jason Bednar - Senior Research AnalystElizabeth Anderson - Senior Managing Director & Research AnalystJeffrey Johnson - Managing Director, Senior Research AnalystAllen Lutz - Senior Equity Research AnalystSteven Valiquette - MD & Senior Equity Research Analyst - Covering Health Care Techno ...

Financial Data and Key Metrics Changes - The company reported adjusted EBITDA of $38.8 million and earnings per diluted share of $0.42 for the second quarter [5] - The company repurchased over $20 million of stock, totaling $42 million in repurchases over the past three years [5][6] - The company expects diluted earnings per share to be above $0.40 for the third quarter [18] Business Line Data and Key Metrics Changes - The community count increased to 162, up nearly 12% year-over-year, with expectations to end the year in the 170s [13] - The average selling price (ASP) for homes is projected to be around $525,000 for the third quarter, driven by product and community mix shifts [17] - Adjusted gross margin for the full year is expected to be around 18.5% [19] Market Data and Key Metrics Changes - The company anticipates a sales pace of 2.25 to 2.5 homes per month for the full year, below historical norms [19] - The company expects to close between 1,050 and 1,100 homes in the third quarter [17] Company Strategy and Development Direction - The company is shifting its capital allocation priorities to balance growth, deleveraging, and share repurchases due to a weaker demand environment and reduced share price [6][9] - The company aims for a double-digit compound annual growth rate in book value per share through fiscal 2027 [14] - The company plans to slow the rate of growth in community count while continuing to reduce leverage [9][12] Management Comments on Operating Environment and Future Outlook - Management noted ongoing challenges with affordability, weakening consumer sentiment, and increased economic uncertainty impacting the housing market [5][6] - The company remains optimistic about the fundamentals for new homes and believes that pulling back too sharply on growth would be shortsighted [10][12] Other Important Information - The company has received board authorization to repurchase up to $100 million of its stock, representing nearly 20% of its current market cap [9] - The company expects to end the year with approximately 30,000 lots, up about 5% from the prior year [20] Q&A Session Summary Question: How does the affordability challenge impact updated multiyear goals? - Management acknowledged the constrained affordability environment and indicated that the longer timeline for community count provides more choices and discretion over capital deployment [30][31] Question: What drives the new goal regarding book value per share? - Management stated that the new goal reflects earnings growth and anticipated benefits from share repurchases, with a historical growth rate of 17% over the last five years [34][35] Question: What is the expected cadence of share repurchases? - Management indicated that share repurchases will be balanced with land market opportunities and growth prospects, without providing a specific number [37][38] Question: What is the outlook for sales pace in April and the second half of the year? - Management expects a seasonal ramp in sales pace, with a larger community count contributing to improved year-over-year comparisons [44][45] Question: How will adjustments to growth plans affect overhead and interest expense leverage? - Management expressed confidence in achieving overhead leverage despite slower growth, as community count growth is still expected [66][67] Question: Will the company renegotiate land deals in light of market conditions? - Management indicated that there are opportunities to renegotiate terms on some land deals, given the current market dynamics [68][69] Question: Can the company maintain pricing power for energy-efficient homes? - Management believes they can maintain a premium for their zero energy ready homes, as margins have been better compared to non-energy ready homes [70][71]

Envista (NVST) Q1 2025 Earnings Call May 01, 2025 05:00 PM ET Company Participants Jim Gustafson - VP - IRPaul Keel - CEOEric Hammes - Chief Financial OfficerJonathan Block - Managing Director Conference Call Participants Jason Bednar - Senior Research AnalystElizabeth Anderson - Senior Managing Director & Research AnalystJeffrey Johnson - Managing Director, Senior Research AnalystAllen Lutz - Senior Equity Research AnalystSteven Valiquette - MD & Senior Equity Research Analyst - Covering Health Care Techno ...

Allison Transmission (ALSN) Q1 2025 Earnings Call May 01, 2025 05:00 PM ET Company Participants Jacalyn Bolles - Executive Director of Treasury & IRDavid Graziosi - Chairman and CEOScott Mell - CFO & TreasurerG. Frederick Bohley - COOIsaac Sellhausen - Director - Equity ResearchTami Zakaria - Executive Director Conference Call Participants Kyle Menges - Vice President & Equity Research AnalystTim Thein - Managing Director & Research AnalystRob Wertheimer - AnalystAngel Castillo - AnalystLuke Junk - Senior R ...

Lumen Technologies (LUMN) Q1 2025 Earnings Call May 01, 2025 05:00 PM ET Company Participants Jim Breen - Senior VP - IRKate Johnson - President and CEOChris Stansbury - EVP and CFONick Del Deo - Managing DirectorFrank Louthan - Managing Director Conference Call Participants Michael Rollins - AnalystBatya Levi - Managing Director - Communications, Media & Infrastructure AnalystJim Schneider - Senior Equity AnalystGregory Williams - AnalystJonathan Chaplin - Lead Analyst Operator Greetings, and welcome to th ...

Perdoceo Education (PRDO) Q1 2025 Earnings Call May 01, 2025 05:00 PM ET Company Participants Todd Nelson - President & CEOAshish Ghia - Senior VP & CFO Conference Call Participants Nick Nelson - Senior Analyst Operator Hello, and welcome to the Perdocayo Education Corporation First Quarter twenty twenty five Earnings Conference Call. Now I would like to hand the call over to Nick Nelson from Alpha IR. Nick, you may begin. Nick Nelson Thank you, operator. Good afternoon, everyone, and thank you for joining ...

Workiva (WK) Q1 2025 Earnings Call May 01, 2025 05:00 PM ET Company Participants Katie White - Senior Director - IRJulie Iskow - President and Chief Executive OfficerJill Klindt - Executive VP & CFOPatrick Schulz - Vice President & Senior Research AssociateRyan Krieger - VP - Software Equity ResearchDominique Manansala - Equity Research AssociateBrett Huff - Managing DirectorJohn Messina - Research Associate Conference Call Participants Steve Enders - AnalystJake Roberge - Equity Research AnalystAdam Hotchk ...

Roku (ROKU) Q1 2025 Earnings Call May 01, 2025 05:00 PM ET Company Participants Conrad Grodd - Vice President, Investor RelationsCory Carpenter - Internet Equity ResearchAnthony Wood - Founder, Chairman & CEODan Jedda - Chief Financial OfficerCharlie Collier - President of Roku MediaJustin Patterson - Managing DirectorMustafa Ozgen - President - Devices, Products & TechnologyJames Heaney - SVP - Equity Research Conference Call Participants Brent Navon - AnalystVasily Karasyov - Founder & Senior AnalystLaura ...

BJ's Restaurants (BJRI) Q1 2025 Earnings Call May 01, 2025 05:00 PM ET Company Participants Rana Schirmer - Director of SEC ReportingBradford Richmond - Interim CEO and DirectorLyle Tick - President and Chief Concept OfficerThomas Houdek - Senior VP & CFOJon Tower - Director & Equity Research - Consumer & Restaurants Conference Call Participants Alexander Slagle - Stock AnalystBrian Bittner - Senior Equity Analyst - RestaurantsJeffrey Bernstein - Equity Research AnalystSharon Zackfia - Partner & Head of Con ...