Earnings Call Transcripts

Access detailed transcripts and key takeaways from company earnings calls

All Earnings Calls

GCMG November 5, 2025

GCM Grosvenor Q3 2025 Earnings Call - Record AUM Growth and Strong Fee-Related Earnings Momentum

GCM Grosvenor reported robust Q3 2025 results with assets under management reaching a record $87 billion, up 9% year-over-year. Fee-related earnings grew 18%, driven by strong investment performance a...

  • GCM Grosvenor's assets under management (AUM) hit a record $87 billion in Q3 2025, up 9% year-over-year.
  • Fee-related earnings grew 18% year-over-year, with Q3 margins expanding to 45%, a 350 basis point increase from last year.
  • Absolute Return Strategies (ARS) delivered strong investment performance, with a 14.2% gross return over the last 12 months.
  • +12 more takeaways
CDRE November 5, 2025

Cadre Holdings Q3 2025 Earnings Call - Strong Organic Growth and Strategic Acquisition Expand Market Leadership

Cadre Holdings delivered a robust third quarter in 2025, with 42% year-over-year net sales growth driven by organic expansion in armor and duty gear, and a significant $20 million sequential increase ...

  • Cadre reported 42% year-over-year net sales growth in Q3 2025, driven primarily by armor and duty gear segments.
  • The company’s gross margin improved significantly, up 610 basis points year-over-year, supported by pricing, productivity gains, and favorable product mix.
  • Backlog rose by $20 million sequentially, including a $10 million initial purchase order for the $50 million U.S. Department of Defense Blast Monitoring System IDIQ contract.
  • +12 more takeaways
VTOL November 5, 2025

Bristow Group Q3 2025 Earnings Call - Forecasting 27% EBITDA Growth in 2026 Amid Supply Constraints

Bristow Group reported solid Q3 2025 results with adjusted EBITDA of $67.1 million, underscoring resilience amid ongoing aviation supply chain challenges. Offshore energy services (OES) showed geograp...

  • Q3 2025 adjusted EBITDA of $67.1 million reflects strong financial performance despite supply chain challenges.
  • Offshore Energy Services (OES) segment saw $2.4 million revenue and operating income decline due to lower utilization in Europe and Africa; Americas improved.
  • Government Services revenues rose $8.4 million with adjusted operating income up $4.8 million, driven by contract transitions in Ireland and UK.
  • +12 more takeaways
OSS November 5, 2025

One Stop Systems 3Q 2025 Earnings Call - Accelerating Revenue Growth Amid Government Shutdown Uncertainty

One Stop Systems reported a resounding third quarter in 2025, delivering a 37% year-over-year consolidated revenue jump and achieving positive EBITDA and net income. The company credits strategic repo...

  • OSS reported 3Q 2025 consolidated revenue of $18.8 million, a 36.9% increase year-over-year driven by OSS and Brezhnev segments.
  • The OSS segment grew revenue 43.4% year-over-year, with a book-to-bill ratio of 1.4 trailing 12 months, signaling strong bookings momentum despite quarter-to-quarter variability.
  • Gross margins improved to 35.7% consolidated, with the OSS segment gross margin rising to 45.6%, helped by favorable product mix and operational efficiencies.
  • +9 more takeaways
OESX November 5, 2025

Orion Energy Systems Q2 2026 Earnings Call - Robust Margin Expansion and Sustained Adjusted EBITDA Amid EV Market Rebound

Orion Energy Systems reported a solid Q2 performance with a 34% year-over-year increase in gross profit and the fourth consecutive quarter of positive adjusted EBITDA, underscoring its effective cost ...

  • Orion achieved a 34% year-over-year increase in gross profit in Q2 2026, reaching a 31% gross margin driven by pricing, cost improvements, and favorable revenue mix.
  • The company recorded its fourth consecutive quarter of positive adjusted EBITDA, totaling $0.5 million in Q2 2026 and $0.9 million on a trailing 12-month basis.
  • Total Q2 revenue grew modestly to $19.9 million from $19.4 million a year ago, with maintenance services and EV charging contributing significant growth, despite a slight 2% decrease in LED lighting segment revenue.
  • +12 more takeaways
KMT November 5, 2025

Kennametal Q1 FY26 Earnings Call - Organic Growth Returns Amid Rising Tungsten Costs and Strategic Share Gains

Kennametal reported a solid first quarter for fiscal 2026, with organic sales growth of 3% marking the first sign of improvement after an eight-quarter downcycle. Sales and adjusted EPS surpassed prio...

  • Kennametal achieved 3% organic sales growth in Q1 FY26, first in two years, signaling modest market recovery.
  • Sales and adjusted EPS beat prior guidance, driven by volume growth across all end markets including aerospace, defense, and earthworks.
  • Adjusted EBITDA margin improved to 15.3% supported by $8 million in restructuring savings and tariff/price surcharges.
  • +10 more takeaways
IOSP November 5, 2025

Innospec Q3 2025 Earnings Call - Mixed Results with Strong Fuel Specialties Offset by Performance Chemicals Challenges

Innospec's Q3 2025 earnings revealed a tale of two extremes. While fuel specialties delivered robust double-digit operating income growth and margin expansion, performance chemicals and oilfield servi...

  • Innospec's Q3 total revenue held steady at $442 million, nearly flat year-over-year, amid uneven segment performance.
  • Fuel Specialties segment posted strong growth: 14% increase in operating income to $35.3 million and gross margin rise to 35.6%.
  • Performance Chemicals revenues grew 4% but operating income plunged 54% to $9.2 million due to gross margin compression (down 7 points) from higher costs, price management challenges, and weak product mix.
  • +7 more takeaways
FTEK November 5, 2025

Fuel Tech 2025 Q3 Earnings Call - Strong APC Pipeline and Strategic IP Acquisition Position Company for Growth

Fuel Tech reported a profitable third quarter in 2025 marked by improved gross margins and a robust $9.5 million APC backlog. The company expanded its Air Pollution Control (APC) portfolio through a s...

  • Fuel Tech achieved profitability in Q3 2025 with improved consolidated gross margins rising to 49% from 43% year-on-year.
  • The Fuel Chem segment grew revenues to $4.8 million in Q3, supported by legacy client activity and new customers, with full year 2025 segment revenue guidance raised to $16.5-$17 million from $15-$16 million.
  • APC segment revenue declined to $2.7 million in Q3 due to project timing, but backlog increased sharply to $9.5 million, with $7.1 million expected to be recognized in the next 12 months.
  • +7 more takeaways
PARR November 5, 2025

Par Pacific Q3 2024 Earnings Call - Strong Operational Execution and SRE Boost Drive Record Adjusted EBITDA

Par Pacific reported a robust third quarter with near-record throughput of 198,000 barrels per day and exceptional operational efficiency, pushing adjusted EBITDA to $372 million, including a $203 mil...

  • Par Pacific achieved near-record throughput of 198,000 barrels per day in Q3 2024, demonstrating operational excellence across all refineries.
  • Adjusted EBITDA reached $372 million, boosted by approximately $203 million from granted small refinery exemptions covering 2019-2024 compliance periods.
  • The Hawaii refinery set a new monthly throughput record, achieving nearly 90,000 barrels per day in September despite earlier crude delivery delays.
  • +12 more takeaways
BATRK November 5, 2025

Atlanta Braves Holdings Q3 2025 Earnings Call - Strong Revenue Growth Amid On-Field Challenges and Strategic Real Estate Expansion

Atlanta Braves Holdings reported a solid third quarter with total revenue increasing over 7% year-over-year to $312 million despite a challenging baseball season without a playoff appearance. Key play...

  • Atlanta Braves reported Q3 2025 revenue of $312 million, up over 7% YoY, despite missing playoffs.
  • Record-breaking ticket sales and sponsorship revenue highlight strong fan engagement and brand resilience.
  • Rookie catcher Drake Baldwin had a breakout season, contending for Rookie of the Year.
  • +12 more takeaways