Crown Crafts (CRWS) Q1 2026 Earnings Call August 13, 2025 09:00 AM ET Speaker0Good morning, ladies and gentlemen, and welcome to the Crown Crafts Incorporated Conference Call. All participants will be in listen only mode. Please note this event is being recorded. I would now like to turn the conference back over to John Mcnamara. Please go ahead.Speaker1Thank you. Good morning, everyone, and thank you again for joining the Crown Craft's fiscal year twenty twenty six first quarter conference call. With us on ...

Financial Data and Key Metrics Changes - The company reported revenue of $13 million for Q2 2025, a 34% increase compared to Q1 and roughly flat year-over-year [6] - Gross profit was $5 million in Q2 2025, down from $6.8 million in Q2 2024, with a gross margin of 39% compared to 52% in the prior year [7] - Adjusted EBITDA rose to $1.2 million for Q2 2025 from $500,000 in Q1, but was down slightly from $1.5 million in the previous year [8] - The annual recurring revenue (ARR) run rate was $18.1 million at the end of Q2 2025, up from $17.3 million at the end of Q1 [7] Business Line Data and Key Metrics Changes - The company experienced a shift in revenue mix towards more hardware sales, impacting profitability due to fewer service revenues [7] - The company is focusing on four primary vertical markets: Quick Service Restaurants (QSR), Convenience Stores (C store), Retail, and Sports & Entertainment [17] Market Data and Key Metrics Changes - The company announced a significant engagement with a well-known upscale quick service restaurant chain with over 1,000 locations, currently in pilot program [10] - The retail media network business is expected to grow revenue and recurring SaaS in 2026 and beyond, with over 25 million ads delivered daily [12] Company Strategy and Development Direction - The company aims to improve drive-thru performance in the QSR vertical, with a new digital display solution priced at $14,999, which is 20% lower than competitors [18] - The company is also expanding its presence in the C store vertical, with plans from a long-time customer, 7-Eleven, to open 1,100 new restaurants [19] - The company is focused on digital transformation and expects to see significant growth in the live venue IPTV market [20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in revenue acceleration in the second half of the year, driven by a backlog of installations and new customer engagements [13][30] - The management noted that the transition to digital solutions is creating pressure on businesses, particularly in the QSR sector [34] Other Important Information - The company achieved SOC 2 Type 2 certification, enhancing its credibility with enterprise customers [23] - The company reduced approximately $3.1 million in debt during the quarter, reflecting improved cash flow management [8][15] Q&A Session Summary Question: Update on the progression of deals in the pipeline - Management indicated that deals are moving forward slowly but expects announcements in the calendar year [28] Question: Confidence in revenue and profitability acceleration - Confidence stems from a backlog of installations and new customer engagements, with significant deployments expected soon [30] Question: Pressure on businesses to modernize technology - The most pressure is seen in the QSR drive-thru sector, where digital solutions can significantly improve efficiency [34] Question: Impact of pre-buys of screens on hardware side - Pre-buys may create some pressure on hardware revenue but will lead to increased service revenue in subsequent quarters [52] Question: Updates on 7-Eleven deployments - The company expects to service 1,100 new restaurants and 1,300 enhanced stores over the next five years [55] Question: Importance of Circle K project in Mexico - The Circle K project is a proof of concept, with potential for future deployments in Latin America [67] Question: Acquisition strategy update - The company remains interested in acquisitions but is focused on finding the right fit [72] Question: Expectations for debt reduction - Future debt reduction will depend on cash generation and working capital needs, with no drastic reductions expected [74] Question: Competitors' SOC 2 compliance status - The top competitors have achieved SOC 2 compliance, while many smaller companies have not [80] Question: Breakeven quarter expectations - Management anticipates reaching breakeven as they exit the year, driven by revenue growth and operational efficiency [82]

Euroseas (ESEA) Q2 2025 Earnings Call August 13, 2025 09:00 AM ET Speaker0Thank you for standing by, ladies and gentlemen, and welcome to the UOCs Conference Call on the Second Quarter twenty twenty five Financial Results. We have with us Mr. Aristides Pietas, Chairman and Chief Executive Officer and Mr. Tasos Aslidis, Chief Financial Officer of the company. At this time, there will be a presentation followed by a question and answer session.I must advise you that this conference is being recorded today. Pl ...

Financial Data and Key Metrics Changes - The company achieved total net sales of over $63 billion in fiscal 2025, reflecting an 11.5% growth in the fourth quarter compared to the same period in fiscal 2024 [5][29] - Adjusted EBITDA increased by 19.9% to $546.9 million in the fourth quarter, exceeding previous guidance [32] - Net income for fiscal 2025 was reported at $131.5 million, with diluted earnings per share at $0.84 and adjusted diluted earnings per share at $1.55, representing a 6.9% year-over-year increase [33] Business Line Data and Key Metrics Changes - The foodservice segment saw organic independent case growth of 4.6% for the full year and 5.9% in the fourth quarter, with a focus on new business and increased penetration in existing accounts [10][20] - The chain business generated 2.2% case growth for the full year and 4.5% in the fourth quarter, with a shift towards high-performing customers [11] - The convenience segment achieved positive case growth in each quarter of the year, despite industry-wide sales declines, and saw double-digit profit growth [12][13] - The specialty segment experienced a 4.1% increase in net sales in the fourth quarter, with notable growth in vending and e-commerce channels [26] Market Data and Key Metrics Changes - The overall food away from home industry is still recovering, with restaurant foot traffic improving month by month, although it remains below desired levels [4][20] - The convenience segment continues to face challenges, but the company is gaining market share and outperforming competitors [42][60] Company Strategy and Development Direction - The company is focused on its "PFG One" strategy, which aims to capture growth opportunities across all business segments [6] - Continued investment in hiring food service sales representatives is a priority, with an 8.8% increase in headcount compared to the previous year [7] - The company is committed to disciplined M&A activities to drive sustainable growth across its segments [36] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving a 6% growth target for the upcoming year, supported by positive trends in independent food service business [41] - The company anticipates continued improvement in the industry backdrop, with expectations for better trends in the future [8][42] - Management highlighted the importance of maintaining a strong balance sheet to explore new investment opportunities while focusing on capital allocation strategies [36] Other Important Information - The company is closely monitoring product cost inflation, which was approximately 4.3% in the fourth quarter, with expectations of low single to mid-single digit inflation in 2026 [30][31] - The company repurchased about 177,000 shares at an average cost of $75.39 per share, totaling $13.4 million, while prioritizing debt reduction [35] Q&A Session Summary Question: How is the industry traffic backdrop affecting guidance for the year ahead? - Management noted an uptick in independent food service business in July and early August, contributing to confidence in achieving growth targets [41] Question: What changes are being seen in the availability of quality talent for sales positions? - The fourth quarter saw a strong availability of talent, with the company finishing the year with an 8% increase in new salespeople hired [46] Question: What progress has been made on procurement savings targets? - Management expressed confidence in achieving procurement synergy and balanced progress towards targets outlined at the Analyst Day [55] Question: How significant are the new customer wins in the convenience segment? - New customer agreements are expected to contribute positively to sales and profit growth, with onboarding planned for the upcoming quarters [25][76] Question: What is the outlook for the convenience segment given current challenges? - Management indicated that while the macro environment remains challenging, the convenience segment is expected to perform well due to strong business wins [61] Question: How is the integration of recent acquisitions progressing? - Integration of Cheney Brothers and Jose Santiago is on track, with both businesses showing strong management and competitive positioning [99]

Financial Data and Key Metrics Changes - The company ended Q1 of fiscal 2026 debt-free with a healthy cash position of approximately $41 million [13] - During the quarter, the company recorded a total gain of $35 million, which included $34 million from the exchange of narrowband for broadband licenses [14] - The company has removed approximately 20% of its cost base over the last year, enhancing efficiency and long-term cash flow [14] Business Line Data and Key Metrics Changes - The accelerator program has been oversubscribed, with engagements exceeding $500 million in potential contract value, indicating strong market interest [5] - More than 15 utilities engaged in the initial launch of the accelerator program, representing over $2 billion in potential contract value [6] Market Data and Key Metrics Changes - The company has cleared over 80% of incumbents within its spectrum band and has licenses or applications for broadband licenses in approximately 90% of all counties in the United States [15] - The actual network utilization is only a fraction of the total available capacity, with long-term simulations confirming significant headroom for scaling [10] Company Strategy and Development Direction - The company is focused on scaling effectively and delivering lasting value through its accelerator program, financial strength, and utility validation of 900 megahertz private broadband [4] - The company aims to push towards a 10 megahertz offering to meet and anticipate utilities' needs [10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's long-term value and market position, emphasizing the importance of methodical utility decision-making [34] - The company sees significant upside potential and is not in serious negotiations for strategic alternatives due to its strong market position [42] Other Important Information - The company plans to return capital to shareholders through various methods, including dividends classified as return of capital and share buybacks [13] - The company is engaged with the FCC to continue clearing spectrum and delivering licenses to meet regulatory commitments [15] Q&A Session Summary Question: Potential gain from remaining narrowband broadband license exchanges - Management clarified that gains from broadband licenses could represent over $1 billion over time, but timing is dependent on the FCC's approval process [22][23] Question: Plan for spectrum where utilities drop out of the pipeline - Management indicated that the drop of a utility from the scorecard does not reflect a loss of commitment, and they will continue to build relationships with replacements [30] Question: Market perception of the company's value - Management highlighted that the lack of announcements does not indicate a lack of progress, emphasizing the methodical nature of utility contracts [34][35] Question: Strategic alternatives process - Management confirmed that the strategic alternatives process is active but passive, as they see significant upside potential in the company [42]

Financial Data and Key Metrics Changes - EBITDA increased from €11.1 million in Q1 to €19.6 million in Q2, representing a 77% improvement [2] - Overall sales declined by 7%, leading to a 35% decrease in EBITDA and a margin drop from 13.7% to 9.6% year on year [3][4] - Earnings after taxes turned negative at €11.2 million, but the company maintains a solid financial footing with an equity ratio of 45.5% and cash reserves of approximately €113 million [4][12] Business Line Data and Key Metrics Changes - Semperit Industrial Applications saw a 4.7% decline in sales and a 19.2% decrease in EBITDA year on year, with margins at 18.1% [5] - Semperit Engineered Applications experienced a 9% drop in sales and a 46.9% decline in EBITDA compared to the previous year [7][8] - The hoses business showed signs of recovery with improved order intake, while the profiles segment continues to struggle due to a weak construction industry [6][9] Market Data and Key Metrics Changes - The overall order book and order intake for the first six months are higher than last year's comparable figures, indicating a recovery trend [3][24] - The construction industry is expected to turn around in 2026, but short-term benefits are not anticipated [25] Company Strategy and Development Direction - The company is focused on optimizing costs and expanding its profile business in the U.S. market [25][26] - There is an ongoing effort to explore inorganic growth opportunities through potential acquisitions that can leverage existing business [28] - The company aims to maintain a resilient balance sheet while investing in digitalization projects [12][13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in a recovery in the second half of the year, driven by improved order intake and market dynamics [24][27] - The company confirmed its guidance for operating EBITDA in the range of €65 million to €85 million for 2025 [4][27] - Management acknowledged uncertainties but emphasized a positive momentum in customer restocking and order processing [24][27] Other Important Information - The company paid a dividend of $0.50 per share, totaling $10.3 million, signaling confidence in its business model [13][22] - Free cash flow was reported at €13.9 million, with capital expenditures halved to €18.5 million year on year [17][22] Q&A Session Summary Question: Order dynamics in Q2 and summer months - Management noted a gradual increase in order intake starting in April, continuing through July, with a stronger order book compared to the previous year [31][32] Question: Revenue generation expectations for Q3 - Management is hopeful for a good Q3 and Q4, but noted potential impacts from weather and shipping activities [33] Question: CapEx reduction from €60 million to €50 million - The reduction is primarily a period shift related to specific growth projects, particularly in the U.S. railway systems [34] Question: Pricing dynamics and revenue increase - Pricing management has been proactive, with approximately €3 million of revenue attributed to price increases, though some businesses experienced price decreases [40][41] Question: Working capital development and operating cash flow - Management is confident in maintaining tight working capital targets and believes operating cash flow will cover the €50 million CapEx [42][44] Question: Impairment in the LSI business - Management provided assurance that the impairment was based on a comprehensive review and that there is remaining headroom for the Ricoh business [51][52] Question: Impact of Continental's spin-off on business - No concrete evidence of impact was reported, but management suggested it could be positive [56] Question: Current situation in the hoses business - The company is building up capacity and hiring to meet increased demand [60][61] Question: Margin quality of belting orders - Margin quality remains volatile, with improvements noted in the second quarter, but still lower than two to three years ago [67][70] Question: Impact of U.S. tariffs on business - The uncertainty from tariffs had a significant impact, but the current situation allows for better planning and has led to an uptick in order activity [76][78]

Financial Data and Key Metrics Changes - The company reported net sales of $1,662 million for the first half, a decrease of 5.2% compared to the previous year, but still up 24.4% compared to pre-pandemic levels in the first half of 2019 [16][18][19] - Gross margin remained robust at 59.2%, slightly down from 60% in the previous year, primarily due to a mix effect and strategic promotional initiatives [11][19] - Adjusted EBITDA margin was 16.2%, reflecting a decrease from 19% in the prior year, influenced by lower gross margin and higher SG&A expenses [49][56] Business Line Data and Key Metrics Changes - The wholesale channel experienced a decline of 7.4% in the first half, while the direct-to-consumer (DTC) channel only declined by 1.6%, indicating stronger resilience in consumer demand through direct channels [6][19] - Non-travel categories showed constant currency growth, with non-travel sales up 180 basis points to 36.2% compared to the prior year [9][26] Market Data and Key Metrics Changes - North America sales were down 7.3%, showing improvement from a 8% decline in Q1, while Asia saw a decline of 7.6% [50][51] - Europe experienced a slight decline of about 1% in Q2, with specific markets like France and the UK showing weakness [54] Company Strategy and Development Direction - The company is focusing on profitable growth and brand positioning, avoiding competition with low-priced unbranded products to protect profitability [8] - Strategic investments in the DTC channel are yielding positive results, with DTC now accounting for 40% of net sales, up from 38% last year [9][23] - The company is committed to product innovation and expanding its market presence, particularly in underpenetrated categories and regions [12][34] Management's Comments on Operating Environment and Future Outlook - Management noted that while travel demand remains strong, there is a softening in consumer sentiment due to macroeconomic uncertainties and trade policy shifts [6][70] - The company anticipates sequential improvement in net sales for the back half of the year, although consumer sentiment remains difficult to predict [70][72] Other Important Information - The company has added 57 net new stores since June 2024, with distribution and G&A expenses up less than 1% compared to the prior year [10][60] - The company is preparing for a dual listing of its securities in the United States, monitoring market conditions closely [73] Q&A Session Summary Question: Updates on full year guidance and strategy for American Tourister - Management sees sequential improvement in the back half of the year but refrains from providing specific Q4 guidance due to uncertainty [79] - For American Tourister, the strategy involves disciplined management and leveraging collaborations to draw consumers into the brand while navigating competitive pressures [82][84] Question: Details on tariff impacts and inventory management - Management indicated that a combination of price increases, supplier negotiations, and forward inventory purchases will help neutralize tariff impacts on gross margin [91] - Inventory levels have increased intentionally to prepare for future sales, with expectations of working capital returning to historical levels [93]

Kamada (KMDA) Q2 2025 Earnings Call August 13, 2025 08:30 AM ET Speaker0Greetings and welcome to the Kamada Limited Second Quarter twenty twenty five Earnings Conference Call. 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, Brian Ritchie, Managing Director of LifeSci Advisors.Thank you. You may begin.Speaker1Thank you. This is Bria ...

Financial Data and Key Metrics Changes - Consolidated revenue for Q2 2025 was $138.1 million, slightly higher than Q2 2024, reflecting ongoing customer deferral of major capital spending due to market uncertainty [21] - GAAP gross margin was 43.1%, down from 43.8% in the same period last year, while non-GAAP gross margin was 47.7%, down from 49% [22] - GAAP operating loss for the quarter was $16.6 million, an improvement from a loss of $26 million in the same period last year, while non-GAAP operating income was $1.1 million compared to a loss of $3.2 million [23][24] - Cash flow used in operating activities was $1.1 million, an improvement from $2.4 million in Q2 2024, with an expectation of positive operating cash flow for the full year 2025 [24] Business Line Data and Key Metrics Changes - Product revenue was $94.8 million, up from $93.6 million in the same period last year, while service revenue was $43.3 million, down from $44.4 million [21] - Within product revenue, system revenue increased to $30.6 million from $29 million, and consumables revenue was $64.2 million, slightly down from $64.6 million but up 2.6% sequentially [21] Market Data and Key Metrics Changes - Customer engagement remains strong despite macroeconomic challenges, with ongoing investment in R&D and new technology offerings [6][20] - The company launched the North American Stratasys Tooling Center to help manufacturers validate and scale additive manufacturing applications [9] Company Strategy and Development Direction - The long-term growth strategy focuses on capturing opportunities in high-growth sectors influenced by megatrends such as supply chain localization and sustainability [7][8] - The company emphasizes innovation and execution, aiming to solidify its leadership in digital manufacturing as market dynamics stabilize [6][30] Management's Comments on Operating Environment and Future Outlook - Management noted that customer spending remains challenged, impacting near-term business views, but the long-term outlook remains positive [19][20] - The return to normalized capital spending has been delayed, with expectations for significant opportunities in production applications to close potentially moving into 2026 [25][26] Other Important Information - The company ended the quarter with $254.6 million in cash and equivalents, bolstered by a $120 million investment [25] - New material offerings include P3 Silicon 25A, designed for the Stratasys Origin DLP platform, enhancing capabilities in industrial 3D printing [16] Q&A Session Summary Question: Can you clarify which specific verticals or regions are seeing the most pronounced slowdown or delays? - Management clarified that there is no slowdown, only delays, particularly in larger production application deals which have longer sales cycles [32][34] Question: What assumptions are baked into the fourth quarter adjusted EBITDA margin? - The guidance for Q4 is largely based on cost monitoring and reductions, with no large deals factored into the model [39][40] Question: What is impacting the gross margin? - Gross margin changes are attributed to sales mix changes, inventory absorption issues, and tariff impacts [43][46] Question: Can you elaborate on the Nexa asset acquisition? - The acquisition included valuable IP and R&D knowledge, positioning the company stronger in key use cases [56][59] Question: Do you anticipate additional partnerships with other vehicle OEMs? - Management expressed optimism about expanding partnerships, leveraging proven use cases from collaborations with GM and Toyota [72][74]

PAVmed (PAVM) Q2 2025 Earnings Call August 13, 2025 08:30 AM ET Speaker0Good morning, and welcome toSpeaker1theSpeaker0Lucid Diagnostics Second Quarter twenty twenty five Business Update Conference Call. At this time, all lines are in a listen only mode. Following the presentation, we will conduct a question and answer session. Please note that this event is being recorded. I would now like to turn the conference over to Matt Reilly, Lucid Diagnostics' Senior Director of Investor Relations.Please go ahead.S ...