Earnings Call Transcripts
Access detailed transcripts and key takeaways from company earnings calls
All Earnings Calls
First Business Financial Services Q4 2025 Earnings Call - Double-digit EPS and deposits; margin held despite isolated CRE downgrade
First Business closed 2025 with the numbers they like to sell: EPS up 14% year over year, tangible book value per share up 14%, ROATCE north of 15%, and a 17% bump to the quarterly dividend. Core depo...
- EPS grew 14% in 2025, beating the long-term 10% target; 10-year EPS CAGR is 12%, 20-year CAGR since IPO is 10%.
- Board approved a 17% increase to the quarterly cash dividend, reflecting excess capital and management preference for shareholder returns via organic growth.
- Core deposits rose 12% in Q4 year over year and versus linked quarter, driven by interest-bearing and money market accounts, offsetting runoff of higher-cost CDs and wholesale funding.
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Church & Dwight Q4 2025 Earnings Call - Evergreen model intact, portfolio reshaped and 3%-4% organic guide powered by Touchland and Arm & Hammer initiatives
Church & Dwight closed 2025 with momentum despite a softer category backdrop. Q4 reported sales rose 3.9% with Q4 EPS $0.86 and full‑year free cash flow roughly $1.2 billion. Management highlighted su...
- Q4 reported sales +3.9% with Q4 EPS $0.86; full‑year free cash flow approximately $1.2 billion and cash conversion above 120%.
- Organic growth in Q4 was 0.7%; adjust out the VMS business and Q4 organic is 1.8%. Full‑year 2025 organic was 0.7% and 2.0% ex‑VMS.
- 2026 guidance: 3%–4% organic growth, reported sales down about -1.5% to -0.5% due to portfolio exits, gross margin improvement ~100 basis points, marketing ~11% of sales, and EPS growth 5%–8%.
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Cavco Industries Q3 FY2026 Earnings Call - Homestar Deal Boosts Revenue and Delivers >$10M Synergies but Weighs on EPS
Cavco reported a revenue beat driven by the closing of the American Homestar acquisition, which lifted Q3 net revenue to $581 million. The quarter shows the classic hybrid picture after a deal: top-li...
- Acquisition impact: American Homestar closed in the quarter and materially contributed to revenue, adding roughly $42 million sequentially and 343 homes in Q3.
- Revenue and EPS: Consolidated net revenue rose to $581 million, up 11.3% year-over-year, while diluted EPS fell to $5.58 from $6.90, driven by margin, SG&A and tax changes.
- Synergies upgraded: Management now estimates tangible, measurable synergies above $10 million annually from the Homestar deal, with about half already in run rate entering Q4.
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First Hawaiian, Inc. Q4 2025 Earnings Call - NIM Holds, Loan Growth Backsloaded, $250M Open Buyback
First Hawaiian reported a steady quarter: net interest margin ticked up to a 3.21% exit rate, net interest income was roughly flat sequentially at $170.3 million, and profitability remained strong wit...
- NIM and margin: Fourth quarter NIM was 3.21%, an exit NIM of 3.21% for December, up 2 basis points sequentially; full year 2026 NIM guide is a tight 3.16% to 3.18%.
- Net interest income: NII was $170.3 million in Q4, essentially flat versus Q3 (+$1 million).
- Loan growth: Total loans grew $183 million in Q4, annualized 5.2%; management expects full year 2026 loan growth of 3% to 4%, with growth backloaded into the second half.
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High Tide Inc. Q4 FY2025 Earnings Call - Brick-and-mortar Powerhouse Delivers Record Revenue and EBITDA, Remaxion Is Short‑Term Drag but Long‑Term Upside
High Tide closed fiscal 2025 with a clean, loud message: the Canadian brick-and-mortar play is working. Q4 revenue hit a record CAD 164 million, adjusted EBITDA was a record CAD 12.4 million, and the ...
- Q4 revenue reached a record CAD 164 million, up 19% year-over-year and 10% sequentially, putting annualized revenue run rate above CAD 650 million.
- Adjusted EBITDA for Q4 was a record CAD 12.4 million, up 51% year-over-year and 17% sequentially; brick-and-mortar Adjusted EBITDA margin hit a new high of 9.4%.
- Core brick-and-mortar remains the engine: segment revenue up 15% YoY, same-store sales +5.5%, and four consecutive quarters of margin improvement.
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Franklin Resources Q1 2026 Earnings Call - Record Long-term Inflows Lift AUM to $1.68T, Private Markets Driving Growth
Franklin Templeton turned in a strong Q1, reporting record long-term inflows and AUM of $1.68 trillion as public, private, and ETF channels all contributed. Alternatives and ETFs were the engines of g...
- Record long-term inflows of $118.6 billion for the quarter, driving AUM to $1.68 trillion.
- Long-term net inflows were $28 billion for the quarter, and excluding Western Asset long-term net inflows were $34.6 billion, marking nine consecutive quarters of positive comparable flows.
- Equity, multi-asset and alternatives together contributed roughly $30.4 billion of positive net flows; equity net inflows were $19.8 billion (including $24.6 billion of reinvested distributions).
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LyondellBasell Q4 2025 Earnings Call - Cash discipline at the trough, VEP lifts recurring EBITDA while waiting for a cyclical recovery
LyondellBasell ran hard on discipline in 2025, delivering industry-leading cash conversion and safety while navigating one of the longest downturns in memory. The company generated $2.3 billion of cas...
- 2025 was a year of extreme discipline, LyondellBasell generated $2.3 billion of cash from operations and delivered a 95% cash conversion ratio, well above its long-term 80% target.
- The Value Enhancement Program exceeded original expectations, generating $1.1 billion of recurring annual EBITDA in 2025, and management now targets $1.5 billion of recurring EBITDA by 2028 based on mid-cycle assumptions.
- The Cash Improvement Plan conserved $800 million in 2025 versus a $600 million target, and the company raised the cumulative cash improvement goal to $1.3 billion through 2026 by targeting an additional $500 million in 2026.
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Chevron Q4 2025 Earnings Call - Record production and industry-leading free cash flow growth as portfolio is reshaped
Chevron closed 2025 with record global and U.S. production, a string of project startups and the Hess deal that together tightened the company’s cost and cash profile. Management reported adjusted ear...
- Record 2025 production, both globally and in the U.S., driven by major project startups and the Hess acquisition.
- Future Growth Project at Tengiz added about 260,000 barrels per day, materially lifting capacity at TCO.
- Adjusted free cash flow excluding asset sales rose over 35% year-over-year, despite oil prices falling nearly 15%.
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WisdomTree Q4 2025 Earnings Call - Record AUM and 300bp Margin Expansion from Diversified Growth
WisdomTree closed 2025 with record scale and margin momentum, driven by broad-based inflows across Europe, commodities, models, tokenization, and the newly acquired Ceres farmland business. The firm r...
- Year-end AUM was $144.5 billion, a record, and global AUM reported today stands at $160.8 billion, up $16 billion or 11% since year-end.
- WisdomTree generated $8.5 billion of net inflows for 2025, implying roughly 8% organic growth, despite modest outflows in Q4.
- Adjusted revenues for Q4 were $147.4 million, up 33% year-over-year, and adjusted net income was $41.2 million, or $0.29 per share.
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Mechanics Bancorp Fourth Quarter 2025 Earnings Call - HomeStreet Deal Boosts Earnings, DUS Sale Poised to Free Capital
Mechanics reported a strong fourth quarter, but the headline numbers are laced with acquisition accounting quirks. Net income was $124.3 million, driven by a $55.1 million after-tax bargain purchase g...
- Net income $124.3 million in Q4 2025, producing a 2.2% ROAA and a 28.5% ROTCE, with fully diluted EPS of $0.54 and tangible book value per share of $7.81.
- Large acquisition-related items drove headline results, including a $55.1 million after-tax bargain purchase gain in Q4 tied to the HomeStreet DUS intangible revaluation, bringing total bargain gains to approximately $146 million across Q3 and Q4.
- Management early adopted ASU 2025-08, eliminating the credit discount double-count rule and causing a $20.2 million one-time negative loan loss provision, while the ACL remains intact at 1.08% of total loans.
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