Earnings Call Transcripts
Access detailed transcripts and key takeaways from company earnings calls
All Earnings Calls
BXP Q4 2025 Earnings Call - Leasing Surge and Asset Sales Are Recasting the Portfolio, FFO Edges Up to $6.96 Midpoint
BXP closed 2025 on a clear tactical run. Leasing accelerated hard, occupancy ticked up, and the company executed a heavy slate of asset sales to fund development and pay down debt. Management guided t...
- Leasing momentum: BXP completed about 1.8 million sq ft of leasing in Q4 and over 5.5 million sq ft for full year 2025, well ahead of internal goals.
- Occupancy gains and targets: In-service occupancy rose about 70 basis points in Q4 to 86.7%. Management expects roughly 89% occupancy by end-2026 and reiterated a target of roughly 4% occupancy gain over the next two years.
- Pipeline and conversion: Management reported ~1.2 million sq ft in active lease negotiations (95% historical conversion), a 1.3 million sq ft discussion pipeline, and a 2026 leasing target of 4 million sq ft.
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Badger Meter Q4 & Full Year 2025 Earnings Call - PRASA win highlights AMI momentum but project pacing clouds 2026 timing
Badger Meter closed 2025 with record sales, margins, and cash flow, while integrating SmartCover into its BlueEdge portfolio. The company reiterated a long-term high single-digit revenue growth target...
- Badger Meter reported record 2025 results, with full year sales surpassing $900 million and 11% sales growth for the year.
- Q4 2025 sales were $221 million, up 8% year-over-year, or 2% on a base basis excluding the SmartCover acquisition.
- PRASA AMI award covers approximately 1.6 million service connections, will be supply only, and is expected to be produced in Racine, Wisconsin due to Buy American/FEMA funding requirements.
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Southern Copper Corporation Q4 2025 Earnings Call - Records in sales, EBITDA and net income driven by by-product gains and strong metal prices
Southern Copper closed 2025 with headline numbers that look simple and sturdy. Net sales hit a record $13.4 billion, adjusted EBITDA reached $7.8 billion and net income topped $4.3 billion, all powere...
- Southern Copper reported record 2025 results: net sales $13.4 billion, adjusted EBITDA $7.8 billion (up 22% YoY) and net income $4.3 billion (up 28% YoY).
- Q4 2025 sales were $3.9 billion, with Q4 adjusted EBITDA of $2.3 billion, a 53% increase versus Q4 2024, and a Q4 net income of $1.308 billion (up 65% YoY).
- By-products drove the lift: zinc mine production rose 36% in 2025 (plus 52,500 tons from the Buenavista zinc concentrator), silver production rose 15% to 24 million ounces, and molybdenum production rose 7.4% to 31,200 tons.
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M/I Homes Q4 2025 Earnings Call - Strong balance sheet, spec-heavy sales counter margin pressure from buydowns and year-end impairments
M/I Homes closed 2025 with solid cash, record equity and a business that leans hard on spec inventory and mortgage buydowns to drive sales. The company delivered 8,921 homes and $4.4 billion in revenu...
- Deliveries and revenue: M/I Homes delivered 8,921 homes in 2025 and recorded full-year revenue of $4.4 billion.
- Pre-tax income and margins: Excluding $59 million of inventory and warranty charges, pre-tax income was nearly $590 million, down 20% from $734 million in 2024. Pre-tax margin was about 13% before charges and 12% after charges.
- Quarterly results: Q4 revenue was $1.1 billion, down 5% year-over-year. Q4 gross margin was 18.1% including $51 million of charges and 22.6% excluding those charges.
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Avnet Q2 FY2026 Earnings Call - Outperformance Fueled by Record Asia Sales as Supply Tightening and AI Demand Push Lead Times and Early Price Pressure
Avnet beat the high end of its Q2 guidance, reporting $6.3 billion of sales, better-than-expected margins across businesses, and strong cash generation. Asia hit a record, now over $3 billion and more...
- Avnet delivered $6.3 billion of sales in Q2 FY2026, above the high end of guidance and up 12% year-over-year.
- Asia reached a record quarter above $3 billion and represented over 50% of total sales, marking the sixth consecutive quarter of year-over-year growth in the region.
- Electronic Components (EC) operating margin was 3.2% and Farnell operating margin was 4.7%; total adjusted operating margin for Avnet was 2.7%.
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Brinker International Q2 FY2026 Earnings Call - Chili's Turnaround Delivers Sustained Traffic Gains, Readies Chicken Launch and Reimage Ramp
Brinker closed Q2 with Chili’s powering another quarter of outperformance, reporting +8.6% same-store sales that outpaced casual dining by 680 basis points and marking the 19th straight quarter of com...
- Chili’s same-store sales grew 8.6% in Q2, beating the casual dining industry by 680 basis points, and marking the 19th consecutive quarter of same-store sales growth.
- Brinker reported consolidated revenue of $1.45 billion for Q2, up 7% year-over-year, and adjusted diluted EPS of $2.87 versus $2.80 last year; adjusted EBITDA was about $223.5 million, up 3.6%.
- Management emphasizes a steady, repeatable playbook: invest in food, service, and atmosphere, simplify the menu, lean into marketing, and avoid frequent limited time offers to protect operational execution.
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UMB Financial Q4 2025 Earnings Call - Acquisition Accretion and Organic Loan Growth Power Record Results
UMB closed 2025 with a clean, loud quarter. Record earnings were driven by robust organic loan production, the Heartland acquisition converting smoothly, and a meaningful purchase-accounting accretion...
- UMB reported Q4 net income available to common shareholders of $209.5 million, or $2.74 per share; full-year 2025 net income was $684.6 million, or $9.29 per share.
- Reported net interest income in Q4 was $522.5 million, up 10% sequentially, helped by double-digit loan and DDA growth and purchase accounting accretion.
- Purchase accounting accretion added $52.7 million to Q4 NII and roughly 33 basis points to reported NIM; contractual accretion is projected at $126 million for 2026 and $92 million for 2027, excluding accelerated payoffs.
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Lennox Q4 2025 Earnings Call - Record 20.4% Full-Year Margin, but Q1 Pain Looms as Inventory and Destocking Reset
Lennox closed 2025 with an odd mix of strength and strain. The company delivered a record full-year segment margin of 20.4% and $23.16 in adjusted EPS while navigating deep channel destocking, regulat...
- Full-year 2025 segment margin hit a record 20.4%, first time above 20%.
- Q4 2025 revenue declined 11% quarter-over-quarter, driven by weak residential and commercial end markets and heavy channel destocking.
- Q4 segment margin was 17.7% and adjusted EPS for the quarter was $4.45; full-year adjusted EPS was $23.16, up 2% versus prior year.
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Renasant Corporation Q4 2025 Earnings Call - Merger-driven profitability gains leave bank mid pack, buybacks prioritized
Renasant closed a transformative 2025, with the First merger and systems conversion now behind it and measurable profit improvement to show for the work. Adjusted EPS and returns moved higher, efficie...
- 2025 was framed as transformative, driven by the merger with The First and completion of a large systems conversion in Q3, which management says set the company up for better operating leverage.
- Full-year adjusted EPS was $3.06, an 11% year over year increase, with adjusted ROA rising to 1.10% for 2025, up about 94 basis points from 2024.
- Quarterly results: reported net income was $78.9 million ($0.83 per diluted share); adjusted net income excluding merger charges was $86.9 million ($0.91 per diluted share).
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Stifel Financial Fourth Quarter 2025 Earnings Call - Record 2025 Revenue, Guiding to $6B-$6.35B in 2026 on NII Growth and Expense Leverage
Stifel closed 2025 with milestone results and a confident, capital-light pitch for 2026. Full-year revenue hit a record $5.5 billion, driven by a record Global Wealth Management and a near-record inst...
- Record 2025 firm revenue of $5.5 billion, up 11% year-over-year, first time above $5 billion in Stifel’s history.
- Q4 revenue a record $1.56 billion, exceeding consensus by ~$50 million; Q4 EPS $2.63, full-year EPS (ex-first-quarter legal accrual) $7.92.
- Global Wealth Management remains the engine: 2025 wealth revenue exceeded $3.5 billion and Q4 wealth revenue hit $933 million; management reported record total client assets of $552 billion.
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