Earnings Call Transcripts
Access detailed transcripts and key takeaways from company earnings calls
All Earnings Calls
Bread Financial Q3 2025 Earnings Call - Credit Metrics Improve, Moody's Upgrade Enables $200M Buyback Increase and Dividend Hike
Bread Financial posted a tidy quarter, with adjusted net income of $191 million and adjusted EPS of $4.02, tangible book value per share up 19% year over year to $56.36, and a return on average tangib...
- Reported Q3 net income of $188 million, adjusted net income of $191 million and adjusted EPS of $4.02, excluding $3 million post-tax repurchased debt expense.
- Tangible book value per common share rose 19% year over year to $56.36; return on average tangible common equity was 28.6% for the quarter.
- Credit sales increased 5% year over year to $6.8 billion, even with the anniversary of the SACS portfolio addition; average loans were $17.6 billion, down 1% YoY.
- +13 more takeaways
United Rentals 3Q 2025 Earnings Call - Demand-driven CapEx lift to $4B+, margins squeezed by delivery and ancillary mix
United Rentals reported a quarter of record revenue and adjusted EBITDA, driven by stronger-than-expected demand from large projects and specialty growth, prompting an accelerated fleet buy that lifts...
- Total revenue grew 5.9% year over year to $4.2 billion, a third quarter record.
- Rental revenue increased 5.8% to $3.67 billion, also a third quarter record.
- Adjusted EBITDA hit an all-time third quarter record of roughly $1.95 billion, with an adjusted EBITDA margin of 46.0% and adjusted EPS of $11.70.
- +17 more takeaways
The Simply Good Foods Company Q4 FY2025 Earnings Call - Quest and OWYN Drive Growth, Atkins Impairment Forces Near-Term Reset
The Simply Good Foods Company closed FY2025 with reported net sales up 9% for the year, and organic growth of roughly 3%. Quest and OWYN were the growth engines, with Quest consumption up double digit...
- Q4 reported net sales were $369 million, down 1.8% year over year; FY2025 reported net sales grew 9%, organic net sales up about 3%
- Adjusted EBITDA for Q4 was $66.2 million, down 14.5% year over year; full-year adjusted EBITDA rose about 3.4%
- Management recorded a $60.9 million non-cash impairment charge related to the Atkins brand after a quantitative impairment test
- +12 more takeaways
Honeywell Q3 2025 Earnings Call - Orders Surge, Spins Accelerate and Guidance Raised Again
Honeywell delivered a stronger-than-expected quarter driven by broad-based order strength, accelerating organic growth and higher-than-forecast earnings. Management raised full-year guidance for the t...
- Organic sales accelerated to 6% year-over-year in Q3, ahead of expectations.
- Orders grew 22% organically to $11.9 billion, with a book-to-bill above one and backlog reaching another record.
- Reported EPS was $2.86, up 32% year-over-year; adjusted EPS was $2.82, up 9% year-over-year.
- +16 more takeaways
"First Bank" Third Quarter 2025 Earnings Call - Margin Expansion and Loan Growth Lift Profitability, Small-Business Credit Softness Monitored
First Bank reported a clean quarter of profit and margin improvement, driven by loan growth, deposit gains, and disciplined expense control. Net income rose 43% year over year to $11.7 million, EPS re...
- Net income of $11.7 million for Q3 2025, up 43% year over year, EPS $0.47, ROA 1.16% and ROTCE 12.35%.
- Net interest income increased $1.5 million versus Q2 and $5 million versus a year ago, driven by loan growth and NIM expansion to 3.71%.
- Pre-provision net revenue rose to 1.81% from 1.65% in the prior quarter, indicating revenue leverage is improving.
- +12 more takeaways
American Airlines Q3 2025 Earnings Call - Premium Seat Growth and Citi Partnership Drive 2026 Upside
American reported a third quarter adjusted pre-tax loss of $139 million, or adjusted EPS of negative $0.17, but revenue momentum and commercial fixes produced a beat and a materially improved outlook....
- Q3 adjusted pre-tax loss of $139 million, adjusted EPS negative $0.17, but the result beat the midpoint of July guidance by roughly 50 percent.
- Record third-quarter revenue of $13.7 billion, roughly 1 percent ahead of the midpoint of prior guidance; management cites continuing revenue momentum into October.
- Domestic PRASM improved sequentially each month and turned positive in September, with October pacing better than September and bookings encouraging for November and December.
- +16 more takeaways
Annaly Capital Management Q3 2025 Earnings Call - 8.1% Q3 Economic Return Fueled by Agency Spread Tightening and Low Volatility
Annaly reported an 8.1% economic return for Q3 and 11.5% year to date, driven predominantly by agency spread compression, lower realized volatility and active deployment of $1.1 billion of accretive e...
- Annaly reported an 8.1% economic return in Q3 2025 and 11.5% year to date, marking eight consecutive quarters of positive economic returns.
- Book value per share increased 4.3% quarter over quarter to $19.25, with EAD (earnings available for distribution) of $0.73 per share, exceeding the $0.70 quarterly dividend.
- The firm raised $1.1 billion of accretive equity in Q3, including $800 million via its ATM, and issued preferred stock, the first residential MREIT preferred deal since 2019.
- +12 more takeaways
FirstEnergy Corp. Q3 2025 Earnings Call - Data Center Demand Spurs Big CapEx Lift and Raised Guidance
FirstEnergy used its Q3 call to sell a clear narrative, facts to back it up, and a plan to spend. The company raised its 2025 capital program 10% to $5.5 billion, nudged up the guidance midpoint to $2...
- Raised 2025 capital plan 10%, to $5.5 billion, after investing $4.0 billion through the first nine months of 2025, a 30% increase versus last year.
- Updated full-year 2025 core earnings guidance to $2.50 to $2.56 per share, midpoint increased and range narrowed; reaffirmed 6% to 8% core EPS CAGR through 2029.
- Data center demand is the primary growth driver, pipeline nearly doubled since the February call, contracted customer demand up over 30% in the same period.
- +12 more takeaways
Medpace Q3 2025 Earnings Call - Record bookings and stronger revenue, but pass-throughs stay stubbornly high at ~41-42%
Medpace reported a clean Q3: revenue $659.9M (up 23.7% y/y), EBITDA $148.4M (up 24.9%) and a 1.20 net book-to-bill driven by $789.6M of net new awards. Management says the apparent disconnect between ...
- Revenue $659.9M in Q3 2025, up 23.7% year-over-year.
- EBITDA $148.4M in Q3 2025, up 24.9%; Q3 EBITDA margin 22.5%, year-to-date margin 21.8%.
- Net new business awards entering backlog in Q3 were $789.6M, a 47.9% increase versus prior year, producing a 1.20 net book-to-bill for the quarter.
- +14 more takeaways
MSC Industrial Direct Co. FY2025 Q4 Earnings Call - Core customer growth returns as tariffs squeeze margins
MSC reported a clear inflection: core customers are back to growth and average daily sales accelerated late in the year, but an unusually rapid wave of supplier price moves and tariff-driven cost infl...
- Average daily sales rose 2.7% year-over-year in Q4, beating expectations as core customer growth returned.
- Core customer average daily sales grew 4.1% year-over-year in Q4, marking an inflection after prior weakness.
- Public sector remained strong in Q4 with daily sales up 8.5% year-over-year, but the government shutdown turned public-sector sales negative in October.
- +12 more takeaways