Earnings Call Transcripts
Access detailed transcripts and key takeaways from company earnings calls
All Earnings Calls
Blackstone Q3 2025 Earnings Call - Strong Growth Amid Expanding Alternative Asset Adoption and Credit Market Discipline
Blackstone reported a robust third quarter with distributable earnings up nearly 50% year over year to $1.9 billion, driven by a 26% increase in fee-related earnings and a doubling of net realizations...
- Blackstone's Q3 distributable earnings surged 48% YoY to $1.9 billion, with fee-related earnings growing 26%.
- Assets under management hit an industry record of $1.24 trillion, driven by over $225 billion in inflows over the past year.
- Private credit platform exceeds $150 billion, with over 95% senior secured debt and loan-to-value ratios under 50%.
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PJT Partners Q2 2025 Earnings Call - Record Revenues and Strategic Advisory Growth Amid Gradual M&A Recovery
PJT Partners reported a strong second quarter in 2025, setting new records in revenues, adjusted pretax income, and adjusted EPS with $407 million, $80 million, and $1.54 respectively. The Strategic A...
- PJT Partners achieved record second quarter revenues of $407 million, up 13% year-over-year.
- Adjusted pretax income rose 22% to $80 million with an improved pretax margin of 19.7%.
- Adjusted EPS jumped 29% to $1.54 compared to prior year.
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AZZ Q2 Fiscal 2026 Earnings Call - Infrastructure Spending Drives Metal Coatings Growth Amid Mixed Market Conditions
In its Q2 fiscal 2026 earnings call, AZZ delivered modest sales growth and strong EPS gains, driven primarily by its Metal Coatings segment benefiting from infrastructure-related projects supported by...
- AZZ's Q2 fiscal 2026 sales rose 2% to $417.3 million, led by Metal Coatings with nearly 11% growth.
- Adjusted EPS increased 13.1% to $1.55, reflecting operational discipline despite mixed markets.
- Operating cash flow improved 23% to $58.4 million, evidencing strong cash conversion.
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Brunswick Corporation Q3 2025 Earnings Call - Strong Sales Growth and Operational Gains Despite Tariff and Compensation Headwinds
Brunswick delivered a solid third quarter in 2025 with 7% revenue growth year-over-year, surpassing expectations across all reporting segments amid a challenging macroeconomic backdrop. The propulsion...
- Brunswick's Q3 2025 sales rose 7% year-over-year, with all segments growing revenue despite macroeconomic challenges.
- Adjusted EPS was negatively impacted by tariffs and reinstated variable compensation, lowering EPS by about $0.70, but excluding these items EPS grew year-over-year.
- Free cash flow was exceptional at $111 million in Q3, $355 million year-to-date, supporting investments, debt reduction, and shareholder returns.
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MI Homes Q3 2025 Earnings Call - Mortgage Rate Buy Downs Drive Sales Amid Challenging Market
MI Homes reported a solid third quarter in 2025 despite a tough housing market environment, generating $140 million in pre-tax income, down 26% from last year but maintaining strong margins and a 16% ...
- MI Homes delivered $140 million pre-tax income in Q3 2025, a 26% decline from the previous year, yet maintained a strong 12% pretax margin.
- The company sold a record 2,296 homes in Q3, marking a 1% increase year-over-year, with total revenue slightly down 1%.
- Mortgage rate buy downs were the primary strategy to drive traffic and sales amid challenging housing market demand described as just 'C plus' or okay.
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Four Corners Property Trust Q3 2025 Earnings Call - Strategic Discipline Enables Growth with $270M Dry Powder and Strong Portfolio
Four Corners Property Trust celebrated a decade as a public company while reporting solid Q3 2025 results and outlining a clear strategic path forward. The company continues to focus on disciplined un...
- FCPT marked its 10-year anniversary as a public company with a strong, diversified net lease portfolio and disciplined growth.
- Q3 acquisitions totaled $82 million at a blended 6.8% cap rate, with 77 properties acquired year-to-date for $229 million at similar cap rates.
- The company’s acquisition strategy remains focused on creditworthy tenants and quality over volume, modulating buying pace with cost of capital conditions.
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Philip Morris International 2025 Third Quarter Earnings Call - Strong Smoke Free Growth and Elevated U.S. Investment Drive Robust Results
Philip Morris International reported a strong Q3 2025 with outstanding growth in their smokefree segment, especially for flagship brands IQOS, ZYN, and VIVE, which outperformed the global smokefree ma...
- Philip Morris delivered very strong Q3 results with adjusted diluted EPS up 17% to a record $2.24, driven by smokefree volume and margin expansion.
- The smokefree business including IQOS, ZYN, and VIVE outgrew the global smokefree industry by a significant margin with over 12% year-to-date volume growth vs less than 10% industry growth.
- IQOS posted 9% adjusted in-market sales growth and 15.5% shipment growth in Q3, showing strong momentum especially in Europe, Japan, and global markets.
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Cohen and Steers Q3 2025 Earnings Call - Solid Revenue Growth and Strategic Positioning in Real Assets
Cohen and Steers reported an 11.6% sequential earnings per share increase to $0.81 driven by higher assets under management and disciplined expense control, pushing operating margins to 36.1%. Net inf...
- Cohen and Steers delivered Q3 adjusted EPS of $0.81, up 11.6% sequentially from $0.73 in Q2 2025.
- Revenue rose 4.2% sequentially to $141 million fueled by higher average AUM and an extra day in the quarter.
- Operating margin expanded to 36.1% from 33.6% in Q2 due to revenue growth outpacing expenses.
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NorthWestern Energy Group Q3 2025 Earnings Call - Strategic Merger Progress and Energy Asset Integration
NorthWestern Energy Group reported Q3 2025 GAAP EPS of $0.62 and non-GAAP EPS of $0.79, affirming full-year guidance between $3.53 and $3.65. The quarter saw key operational advances including smooth ...
- Reported Q3 2025 GAAP diluted EPS of $0.62 and non-GAAP EPS of $0.79, affirming 2025 earnings guidance of $3.53 to $3.65.
- Successfully integrated Energy West natural gas assets, customers, and employees seamlessly during the quarter.
- Announced an all-stock merger of equals with Black Hills Corporation, with regulatory filings submitted in Montana, Nebraska, and South Dakota.
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IHG 3Q 2025 Earnings Call - Steady Global RevPAR Growth and Strategic Brand Expansion
IHG reported a steady global RevPAR growth of 0.1% in Q3 2025, maintaining the momentum from Q2, driven mainly by strong performances in EMEAA and improvements in Greater China. The Americas saw a sli...
- Global RevPAR grew modestly by 0.1% in Q3 with year-to-date growth at 1.4%, led by EMEAA and improved results in Greater China.
- The Americas experienced a 0.9% decline in RevPAR, with the U.S. down 1.6%, impacted by slow government travel, lower international inbound, and holiday timing effects.
- EMEAA delivered strong results with 2.8% RevPAR growth, supported by occupancy gains and rate increases, notably a 9.5% surge in the Middle East driven by infrastructure and events.
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