Earnings Call Transcripts
Access detailed transcripts and key takeaways from company earnings calls
All Earnings Calls
Cinemark Holdings Inc. 2Q 2025 Earnings Call - Surging summer slate fuels record revenue and margin expansion, enabling cash settlement of convertible notes
Cinemark rode a blockbuster summer to one of its most profitable quarters since the pre-pandemic boom. A family-heavy film slate and steady weekly releases pushed North American box office higher, dri...
- North American industry box office in 2Q reached $2.7 billion, up more than 35% year over year, flipping YTD tracking from a 12% deficit to a 14% gain versus 2023 by end of June.
- Cinemark reported worldwide revenue of $940.5 million in 2Q, a 28% year-over-year increase, and entertained 57.9 million patrons globally.
- Adjusted EBITDA rose 63% to $232.2 million, with adjusted EBITDA margin expanding 530 basis points to 24.7%, marking the company’s second-highest quarterly adjusted EBITDA on record.
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AXIS Capital Q2 2025 Earnings Call - Record operating ROE and disciplined underwriting drive profitable growth
AXIS delivered a standout Q2 2025, posting a 19% annualized operating return on common equity, record diluted book value per share of $70.34 (up 18.6% YoY), and operating EPS of $3.29. The company gre...
- Operating return on common equity (annualized) was 19% for Q2 2025.
- Diluted book value per common share reached a record $70.34, up 18.6% year over year.
- Operating earnings per diluted share hit an all-time high of $3.29, up 12% versus prior-year quarter.
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Chef's Warehouse Q2 2025 Earnings Call - Raised FY25 Guidance as Integration and Margin Gains Start to Show
Chef’s Warehouse reported a strong Q2 2025, with revenue up 8.4% to $1.035 billion and gross profit rising 11.1% to $254.3 million. Management is explicitly pruning low-margin, high-volume commodity p...
- Net sales rose 8.4% year over year to $1,035,000,000 in Q2 2025, up from $954,700,000 a year ago.
- Reported net inflation for the quarter was 7.2%, comprised of roughly 5.0% specialty inflation and 10.8% center of the plate inflation.
- Excluding the impact of the Texas commodity poultry and produce processing/packaging program exits, company‑wide inflation drops to about 3.0%, specialty inflation to ~2.3%, and center of the plate inflation to ~4.1%.
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Etsy Q2 2025 Earnings Call - App-first AI push and Depop surge start to reverse GMS decline
Etsy beat top-line expectations in Q2 2025 while adjusted EBITDA margin held in line with guidance, as management points to an intentional strategic shift to an app-first, personalization and AI-led g...
- Strategic pivot matters: management says a mid-2024 shift to an app-first, customer relationship flywheel is now producing early, measurable gains in engagement and GMS trends.
- GMS and revenue snapshot: consolidated GMS $2.8B, down 4.8% y/y as reported; excluding Reverb GMS down ~2.6% y/y. Consolidated revenue roughly $673M, up about 4%.
- Profitability intact: adjusted EBITDA $169M, margin 25.1%, with Etsy core marketplace being managed to the high twenties in adjusted EBITDA margin.
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AptarGroup Q2 2025 Earnings Call - EPS Beat Led by Pharma and Closures; CHC Weakness and IP Litigation Add Near-Term Risk
AptarGroup topped the high end of guidance in Q2, reporting adjusted EPS of $1.66, an 18% year‑over‑year jump, powered by Pharma, Closures and margin gains. Reported sales rose 6% with a roughly 3% FX...
- Adjusted EPS $1.66 in Q2 2025, up 18% year over year, beating the high end of guidance.
- Reported sales rose 6% in Q2, including a ~3% foreign currency translation tailwind; core sales increased 3%.
- Adjusted EBITDA was $218 million, a 13% increase versus prior year; consolidated adjusted EBITDA margin expanded to 22.6% (up 140 bps).
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Oshkosh Corporation Second Quarter 2025 Earnings Call - Beat and raise, 2028 margin transformation on track despite tariffs
Oshkosh reported a clean beat and raise for Q2 2025, with revenue of $2.7 billion, adjusted operating margin of 11.5% and adjusted EPS of $3.41, up 2.1% year over year. Management reiterated its 2028 ...
- Q2 revenue was $2.7 billion, down 4% year over year, with adjusted operating income margin of 11.5% and adjusted EPS of $3.41, up 2.1% year over year.
- Management reiterated 2028 targets: 7 to 10% compound annual revenue growth and 200 to 400 basis points of margin expansion, and an EPS target of $18 to $22 in 2028.
- Company raised full year free cash flow guidance from $300–$400 million to $400–$500 million, citing tax law changes and operating performance.
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Arbor Realty Trust Q2 2025 Earnings Call - Balance-sheet makeover lands $500M unsecured, but REO drag makes 2025 a transition year
Arbor used the first half of 2025 to rework the right side of the balance sheet, closing a transformational $500 million unsecured high-yield deal (Moody’s and Fitch BB), an $800 million build-to-rent...
- Arbor completed a transformational $500 million unsecured high-yield bond offering in early July, used to retire convertible debt and add liquidity, and secured BB ratings from Moody’s and Fitch.
- Management closed $2.5 billion of capital markets transactions in H1 2025, including an $800 million build-to-rent securitization and a $1.1 billion repurchase facility with J.P. Morgan to redeem two CLOs.
- The $800 million build-to-rent securitization is billed as an industry first for Arbor, includes enhanced leverage and a two-year replenishment period, and is intended to scale the single-family rental (SFR) platform.
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Liberty Global Q2 2025 Earnings Call - Plans to Separate Remaining Assets to Close Conglomerate Discount
Liberty Global reported Q2 results largely in line with guidance, but the call was dominated by strategy not spreadsheets. Management framed the quarter as evidence the business is operationally stead...
- Management message: primary focus is creating shareholder value, via Liberty Telecom, Liberty Growth, and Liberty Services.
- Asset separation plan announced, targeting one or more transactions in the next 12 to 24 months, using spin-offs, tracking stocks, IPOs or other structures to reduce conglomerate discount.
- Sunrise spin-off cited as proof of concept, trading at about 8 times EBITDA versus 5.5 times when inside Liberty Global, illustrating the valuation gap.
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Vita Coco Company Second Quarter 2025 Earnings Call - Branded Growth Accelerates While Tariffs and Freight Squeeze Margins
Vita Coco reported a clean top line beat in Q2 2025 as branded coconut water demand re-accelerated across the U.S. and Europe, led by a 25% increase in Vita Coco coconut water and a 102% jump in other...
- Net sales $169.0M in Q2 2025, up 17% year over year, driven by branded coconut water and new product launches.
- Vita Coco coconut water revenue rose 25% in the quarter; coconut water volumes increased about 21% year over year.
- Other products category grew 102%, largely reflecting the national roll out of Vita Coco Treats, which the company says would have added roughly 4 percentage points to U.S. retail scan growth if consolidated.
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AES Corporation Q2 2025 Earnings Call - 12 GW Safe-Harbored Backlog and 56% Renewables EBITDA Surge Keep Guidance Intact
AES reported a clean quarter, reaffirming full-year 2025 guidance and long-term targets while leaning on a protected pipeline of renewables and storage. Renewables adjusted EBITDA jumped 56% to $240 m...
- AES reaffirmed 2025 guidance, including adjusted EBITDA of $2.65 to $2.85 billion and adjusted EPS of $2.10 to $2.26.
- Q2 adjusted EBITDA was $681 million, adjusted EPS was $0.51, both in line with management expectations.
- Renewables SBU delivered $240 million of adjusted EBITDA in Q2, a 56% year over year increase driven by 3.2 GW of new capacity added over the last four quarters.
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