Earnings Call Transcripts
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All Earnings Calls
Federal Signal Corporation Q3 2025 Earnings Call - Record Sales Growth and Strategic Acquisition Integration Poised for Margin Expansion
Federal Signal Corporation reported a robust third quarter in 2025, showcasing 17% year-over-year net sales growth and notable operational improvements. The Environmental Solutions Group (ESG) and Saf...
- Federal Signal achieved 17% year-over-year consolidated net sales growth to $555 million in Q3 2025, with 11% organic growth.
- Adjusted EBITDA margin improved by 130 basis points to 20.9%, reflecting operational efficiency and pricing discipline.
- Environmental Solutions Group (ESG) contributed $466 million in net sales, up 17%, with adjusted EBITDA margin rising to 22.5%.
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Xcel Energy 3Q 2025 Earnings Call - Bold $60 Billion CapEx Plan Supports 9% EPS Growth Through 2030
Xcel Energy delivered solid 3Q 2025 ongoing earnings of $1.24 per share, despite a significant $290 million wildfire charge excluded from ongoing results. The company reaffirmed its 2025 earnings guid...
- Xcel Energy reported ongoing Q3 2025 earnings of $1.24 per share, excluding a one-time $290 million wildfire settlement charge.
- The company reaffirmed its 2025 earnings guidance range of $3.75 to $3.85 per share and initiated 2026 guidance of $4.04 to $4.16, reflecting about 8% growth year-over-year.
- An updated five-year capital expenditure forecast of $60 billion was introduced, featuring approximately 11% annualized rate base growth.
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PG&E Corporation Q3 2025 Earnings Call - Narrowed Guidance and Continued Safety Progress Amid Regulatory Milestones
PG&E reported solid Q3 2025 results, with core EPS of $0.50 for the quarter and $1.14 year-to-date, narrowing full-year EPS guidance to a $1.49-$1.51 range, up 10% from 2024. The company introduced 20...
- PG&E reported Q3 2025 core EPS of $0.50 and YTD EPS of $1.14, narrowing full-year guidance to $1.49-$1.51, up 10% from 2024.
- Introduced 2026 EPS guidance range of $1.62-$1.66, aiming for 9% annual EPS growth continuing through 2030.
- Five-year capital plan extended through 2030 totaling $73 billion, supporting average 9% annual rate base growth without raising new equity.
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Charles River Associates Q3 2025 Earnings Call - Record Revenue and Broad-Based Practice Growth Drive Raised Guidance
Charles River Associates (CRA) delivered its strongest quarterly revenue ever in Q3 2025, with revenue up 10.8% year-over-year to $185.9 million, marking the best three-quarter start in company histor...
- CRA reported Q3 2025 revenue of $185.9 million, up 10.8% year-over-year, the highest quarterly revenue in company history.
- Seven of eleven practices grew year-over-year, with antitrust and competition economics, energy, finance, and intellectual property practices posting double-digit revenue growth.
- International revenue grew 30.3%, driven mainly by European antitrust and life sciences practices; North America grew 6.8%.
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Enterprise Products Partners Q3 2025 Earnings Call - Buyback Program Doubled Amid Growth and Major Project Delays
Enterprise Products Partners reported a third-quarter adjusted EBITDA of $2.4 billion and distributable cash flow of $1.8 billion, with a distribution coverage ratio of 1.5 times. Despite 3Q results t...
- Enterprise delivered $2.4 billion adjusted EBITDA and $1.8 billion distributable cash flow in Q3 2025, with 1.5x distribution coverage.
- Key projects including FRAC14 frac spread are now online after delays, with Bahia and Seminole pipelines expected to start by year-end 2025.
- Enterprise increased its common unit buyback program by $3 billion, raising total authorization to $5 billion, aiming to return more capital as free cash flow grows.
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T. Rowe Price Group Q2 2025 Earnings Call - Navigating Outflows with Expansion in ETFs, Retirement, and AI-led Efficiency
T. Rowe Price Group reported a challenging Q2 2025, marked by $14.9 billion in net outflows primarily from U.S. equities amid market volatility. Despite this, the firm grew its ETF business with $6 bi...
- Q2 2025 adjusted diluted EPS was stable at $2.24, flat sequentially and year-over-year.
- The firm experienced $14.9 billion net outflows, mainly from U.S. equities due to market volatility and client redemptions.
- ETF assets under management grew to $16.2 billion with $6 billion net inflows in the first half of 2025, and 11 ETFs now exceed $500 million AUM.
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Moderna Q2 2025 Earnings Call - Strategic Cost Cuts and Pipeline Momentum Amid Seasonal Sales Dip
Moderna reported Q2 2025 revenues of $142 million with a $825 million net loss, reflecting seasonal lows in respiratory vaccine sales but strong financial discipline. The company aggressively cut oper...
- Moderna reported Q2 2025 revenues of $142 million and a net loss of $825 million, consistent with seasonal trends in respiratory vaccine demand.
- The company ended Q2 with $7.5 billion in cash and investments, down from $8.4 billion at Q1.
- Significant cost reductions were achieved: a 35% decrease in combined cost of sales, R&D, and SG&A versus Q2 2024, including a 40% cash operating expense reduction year over year ($581 million).
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Sun Country Airlines Q3 2025 Earnings Call - Cargo Expansion Boosts Revenue and Strengthens Scheduled Service TRASM
Sun Country Airlines reported its 13th consecutive profitable quarter, driven by the successful expansion of its cargo fleet to 20 aircraft and a rebound in scheduled service revenue per available sea...
- Sun Country Airlines achieved its 13th consecutive profitable quarter in Q3 2025.
- Cargo fleet expansion completed with all 20 aircraft operational, resulting in a 60% year-on-year cargo revenue increase in September.
- Scheduled service capacity was reduced in Q3 due to cargo growth but expected to grow positively year-on-year by Q3 2026.
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Rush Enterprises Q3 2025 Earnings Call - Navigating a Prolonged Freight Recession and Industry Headwinds
Rush Enterprises reported Q3 2025 revenues of $1.9 billion and net income of $66.7 million amid a challenging freight recession extending over three years, well beyond historical norms. The commercial...
- Rush achieved $1.9 billion in Q3 2025 revenues with $66.7 million net income despite a tough industry environment.
- The commercial vehicle market faces a rare three-year freight recession marked by depressed rates and excess capacity.
- New tariffs effective November 1 and uncertain engine emissions regulations are further complicating customer buying decisions.
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STAG Industrial Q3 2025 Earnings Call - Strong Leasing Momentum and Strategic Capital Deployment Set Stage for 2026
STAG Industrial reported a solid third quarter, beating internal projections and raising its full-year core FFO guidance. Leasing demand is steadily improving with strong tenant engagement, driven lar...
- STAG Industrial raised its 2025 core FFO guidance midpoint by $0.03 to $2.52-$2.54 per share, reflecting operational outperformance.
- Leasing demand improved with increased tours and RFPs, though lease negotiations remain elongated due to current market dynamics.
- About 99% of 2025 leasing forecast completed with ~24% cash leasing spreads, signaling robust tenant willingness.
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