Earnings Call Transcripts
Access detailed transcripts and key takeaways from company earnings calls
All Earnings Calls
MSCI Third Quarter 2025 Earnings Call - Index and AI‑fuelled product momentum lifts growth, board OKs $3B buyback
MSCI reported a solid Q3 2025: organic revenue +9%, adjusted EBITDA +10%, adjusted EPS +15%+, and run rate growth north of 10%. The company leaned into its index franchise and AI-powered product launc...
- Q3 financials: organic revenue +9%, adjusted EBITDA +10%, adjusted EPS up more than 15% year over year.
- Share buybacks accelerated: $1.25 billion repurchased since the start of Q3, $1.5 billion year-to-date, and board authorized an additional $3 billion.
- Index franchise remains the engine: AUM linked to MSCI indexes reached $6.4 trillion globally, including $2.2 trillion in ETFs and $4.2 trillion in non-ETF products.
- +11 more takeaways
Royal Caribbean Group Q3 2025 Earnings Call - Close-in demand lifts yields and EPS, sets $17 handle for 2026 while expanding destinations and tech
Royal Caribbean reported a beat in Q3: adjusted EPS $5.75 (up 11% year over year), net yields +2.4% and roughly 2.5 million vacations delivered, all on modest capacity growth. Management nudged full-y...
- Q3 beat: adjusted EPS $5.75, up 11% YoY, and about 3% capacity growth for the quarter with ~2.5 million vacations delivered (+7% YoY).
- Net cruise yields rose 2.4% in Q3 (constant currency); full-year net yield guidance raised to 3.5%–4.0%, 25 bps above January guidance.
- Management raised full-year adjusted EPS to $15.58–$15.63 and expects operating cash flow to approach $6.0 billion and adjusted EBITDA to be just above $7.0 billion.
- +9 more takeaways
Cincinnati Financial Corporation Q3 2025 Earnings Call - Net income surged on $675M after-tax equity valuation gain, operating performance strong
Cincinnati Financial reported a blockbuster Q3 2025 where headline net income of $1.1 billion was buoyed by a $675 million after-tax increase in the fair value of equities, while underlying operating ...
- Net income was $1.1 billion in Q3 2025, which included a $675 million after-tax increase in fair value of equity securities still held.
- Non-GAAP operating income was $449 million for the quarter, more than double the prior-year Q3 figure.
- Consolidated property casualty net written premiums grew 9% in the quarter, with underwriting discipline emphasized by management.
- +17 more takeaways
NETSTREIT Corp Q3 2025 Earnings Call - Increasing 2025 Net Investment Guidance to $350M-$400M
NETSTREIT closed Q3 with a sprint, deploying a record $203.9 million across 50 properties and immediately raising its 2025 net investment guidance to $350 million to $400 million after a late-July equ...
- NETSTREIT raised 2025 net investment guidance sharply to $350M-$400M, up from $125M-$175M, citing improved cost of capital and abundant opportunities.
- Record quarterly investments of $203.9M across 50 properties at a blended cash yield of 7.4%; many deals closed in the last week of the quarter.
- New investments skew to defensive retail: grocery, auto service, convenience stores, and quick service restaurants; average lease term remaining on these assets is 13.4 years.
- +17 more takeaways
Enterprise Financial Services Corp Q3 2025 Earnings Call - Solid NII and Deposit Gains, NPAs Spike from Isolated Secured Credits and Insured Tax-Credit Recapture
Enterprise turned in a steady operational quarter: net interest income and margin ticked up, deposits surged, and loan growth returned to the mid-single digits. EPS was $1.19, ROA 1.11% and pre-provis...
- EPS $1.19 in Q3 2025, down from $1.36 in the linked quarter and $1.32 year over year, net income $45 million.
- Net interest income rose $5.5 million quarter over quarter, NIM expanded two basis points to 4.23%, marking the sixth straight quarter of NII growth.
- Loan growth returned to an annualized 6% in the quarter, roughly $174 million net of $22 million of SBA loans sold for a $1.1 million gain; new originations priced at a 6.98% coupon for the quarter.
- +13 more takeaways
Independent Bank Corporation Third Quarter 2025 Earnings Call - Net Income Up as Commercial Loans Drive Growth, One CRE Workout Fuels NPA Spike
Independent Bank reported third quarter 2025 net income of $17.5 million, or $0.84 per diluted share, up from $13.8 million a year earlier. Net interest income rose for the ninth consecutive quarter a...
- Q3 2025 net income was $17.5 million, or $0.84 per diluted share, versus $13.8 million, or $0.65, in Q3 2024.
- Net interest income increased both sequentially and year over year, marking the ninth consecutive quarter of NII growth.
- Tax-equivalent net interest margin was 3.54% in Q3 2025, up from 3.37% year over year but down 4 basis points quarter over quarter, primarily due to accelerated unamortized issuance costs on redeemed subordinated debt.
- +14 more takeaways
NexPoint Residential Trust Third Quarter 2025 Earnings Call - Expense Cuts Lift NOI and Dividend, Management Eyes Capital Recycling and Buybacks to Close NAV Gap
NexPoint reported a mixed quarter that leaned on cost control to stabilize results. Revenue slipped but same-store NOI rose 3.5% year over year as operating expenses fell sharply, enabling a dividend ...
- Q3 GAAP net loss was $7.8 million, or -$0.31 per diluted share, versus a -$0.35 loss last year; total revenue was $62.8 million versus $64.1 million in Q3 2024.
- NOI for Q3 2025 was $38.8 million on 35 properties, up from $38.1 million on 36 properties in Q3 2024.
- Same-store rent down 0.3% and occupancy down 1.3% year over year, but same-store revenues fell only 0.6% while same-store expenses fell 6.2%, resulting in same-store NOI growth of 3.5% y/y.
- +12 more takeaways
Zedge Q4 FY2025 Earnings Call - Restructuring Sets Stage for Dataseeds AI Growth, While Emojipedia Faces Search Headwinds
Zedge closed fiscal 2025 after a year of deliberate pruning, reporting $7.5 million in Q4 revenue, down 1.5% year over year, as management completed a restructuring to cut roughly $4 million of annual...
- Q4 revenue $7.5 million, down 1.5% year over year.
- Zedge Marketplace grew mid-single digits in Q4, helped by Zedge Premium and subscriptions.
- Subscription revenue rose 21% year over year, active subscribers nearly 1 million, up 47% YoY.
- +11 more takeaways
Travelzoo Q3 2025 Earnings Call - Aggressive member acquisition fuels rapid subscription growth but compresses near-term profit
Travelzoo reported a solid top-line, with Q3 revenue of $22.2 million, up 10% year over year, driven by both advertising and a fast-growing paid club membership. Management deliberately ramped marketi...
- Q3 consolidated revenue was $22.2 million, up 10% year over year (constant currency $21.9 million, up 9%).
- GAAP operating profit fell to $0.5 million (2% margin) from $4.0 million a year earlier, as management increased marketing spend to buy members.
- Non-GAAP operating profit was $1.1 million, about 5% of revenue, down from $4.9 million in the prior-year quarter.
- +15 more takeaways
HNI Corporation Q3 2025 Earnings Call - Record Q3 Margin and Steelcase Deal Drive Visibility
HNI reported a clean beat in Q3 2025, delivering non-GAAP EPS of $1.10, up 7% year over year, and a record third-quarter non-GAAP operating margin of 10.8%. Organic net sales rose 3%, workplace furnis...
- Q3 non-GAAP EPS was $1.10, up 7% year over year, modestly above internal expectations.
- Q3 non-GAAP operating margin reached a record 10.8% for the third quarter.
- Total organic net sales rose 3% year over year; workplace furnishings organic sales were +3% and residential was roughly flat.
- +13 more takeaways