Earnings Call Transcripts
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All Earnings Calls
UMB Financial Second Quarter 2025 Earnings Call - Acquisition Integration Fuels Record Loan Production, Margin Tailwinds and Capital Rebuild
UMB delivered a punchy quarter, driven by the Heartland acquisition, accretion mechanics and a one time private-investment windfall. Reported net income available to common of $215.4 million masks a c...
- Reported net income available to common shareholders was $215.4 million in Q2; net operating income excluding nonrecurring items was $225.4 million, or $2.96 per share.
- UMB recognized a $37.7 million pretax gain on prior private investments, including a $29.4 million gain from Voyager, a 5.8x MOIC and a reported IRR of 59% on that position.
- Average loans rose 12.7% linked quarter to $36.4 billion, while average deposits increased 10.7% to $55.6 billion, reflecting strong organic growth and a full month of Heartland results.
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EXL Service Holdings, Inc. Q2 2025 Earnings Call - Data and AI now 54% of revenue, prompting guidance raise
EXL reported a strong Q2 2025, with revenue of $514.5 million, adjusted EPS of $0.49 (up 20% YoY), and data and AI led revenue growing 17% YoY to represent 54% of total revenue. Management raised full...
- Q2 revenue $514.5 million, up 14.7% year over year on a reported basis and 14.6% on a constant currency basis; sequential growth 2.2% on a constant currency basis.
- Adjusted EPS $0.49 in Q2, up 20.3% year over year.
- Data and AI led revenue grew 17% year over year and represented 54% of total revenue this quarter, per management.
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Cavco Industries Q1 FY2026 Earnings Call - Record shipments, margin recovery and American HomeStar acquisition
Cavco posted a strong Q1 with record production and a notable rebound in profitability. Net revenue totaled $556.9 million, shipments hit 5,416 homes, and consolidated pre-tax profit rose 48.9% to $65...
- Net revenue reported at $556.9 million for Q1 FY2026, with sequential net revenue up $48.5 million and year over year improvement highlighted by management.
- Record shipments of 5,416 homes in the quarter, reflecting Cavco’s decision to push production where backlogs allow.
- Pre-tax profit jumped 48.9% to $65.3 million, net income was $51.6 million, and diluted EPS was $6.42 versus $4.11 a year ago.
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Newmark Group 2Q 2025 Earnings Call - Raises 2025 Guidance After Strong Revenue, EBITDA and Market Share Gains
Newmark reported a clean beat in 2Q25, with revenue up 19.9% to $759.1 million, adjusted EBITDA rising 32.1% to $114.0 million, and adjusted EPS climbing 40.9% to $0.31. Management highlighted broad-b...
- Revenue grew 19.9% year over year to $759.1 million in 2Q25, driven by double digit gains across major business lines.
- Adjusted EPS was $0.31, up 40.9% from $0.22 a year earlier, reflecting operating leverage.
- Adjusted EBITDA rose 32.1% to $114.0 million, and adjusted EBITDA margin expanded 139 basis points to 15%.
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OneSpaWorld Q2 2025 Earnings Call - Strong Onboard Spend, MediSpa Growth and AI Lift Adjusted EBITDA Guidance
OneSpaWorld reported a clean beat in Q2 2025, with revenue up 7% to $240.7 million and adjusted EBITDA rising 13% to $30.5 million. Management affirmed full-year revenue guidance, and raised the midpo...
- Total revenue increased 7% year over year to $240.7 million in Q2 2025.
- Adjusted EBITDA rose 13% to a record $30.5 million, and income from operations climbed 17% to $22.1 million.
- Net income grew 27% to $19.9 million, or $0.19 diluted EPS, helped by lower interest expense and higher operating income.
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STAG Industrial Q2 2025 Earnings Call - Robust Leasing Spreads and Moody's Baa2 Upgrade Support Growth
STAG reported a steady quarter: core FFO per share of $0.63, healthy leasing velocity, and better-than-expected operating fundamentals that allowed management to nudge guidance higher. Leasing remains...
- Core FFO per share was $0.63 in Q2 2025, up 3.3% year over year.
- STAG commenced 32 leases totaling 4.2 million square feet in Q2, generating cash leasing spreads of 24.6% and straight-line spreads of 41.1%.
- Of the 4.2 million square feet leased in the quarter, 1.6 million square feet was new leasing; retention for the quarter was 75.3%.
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Chemed Corporation Second Quarter 2025 Earnings Call - Florida Medicare Cap Drives $28.2M Hit and Lowers EPS Guidance
Chemed reported a tough Q2 driven by a Medicare cap shortfall in Florida that forced a meaningful charge and a material pullback in full-year guidance. VITAS saw modest volume growth but a patient-mix...
- Chemed accrued $16.4 million of Medicare cap billing limitations in Q2 2025; it estimates total calendar 2025 Medicare cap limitations of $28.2 million, comprised of $19.0 million for the combined Florida program and $9.2 million for all other VITAS programs.
- The $16.4 million Q2 accrual breaks down into a $9.5 million catch-up entry related to the first six months of the cap year, $4.8 million for the current Florida cap period, and $2.1 million for other programs (mainly California).
- VITAS admissions totaled 17,545 in Q2 2025, a 1.2% increase versus Q2 2024; excluding Covenant Health transfers from the April 2024 acquisition, admissions rose 4.9%.
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Wingstop Inc. Fiscal Second Quarter 2025 Earnings Call - Smart Kitchen Cuts Times, Sparks Record Openings and a Clear Path Toward $3M AUV
Wingstop reported a quarter of heavy execution and selective stress. System‑wide sales rose 13.9% to $1.3 billion while domestic same‑store sales fell 1.9% against very tough compares. The standout wa...
- System‑wide sales grew 13.9% to $1.3 billion in Q2; domestic same‑store sales declined 1.9% versus lapping 28.7% comp in 2024 and 16.8% in 2023.
- Wingstop opened a record 129 net new restaurants in Q2, the highest single‑quarter openings in company history; 255 net new units have opened through 2025 YTD.
- Company raised 2025 global unit growth guidance to 17%–18%, implying 435 to 460 net new restaurants for the full year.
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Kadant Inc. Second Quarter 2025 Earnings Call - Aftermarket Parts Prop Up Margins While Tariffs Cloud Capital Timing
Kadant reported a mixed quarter: strong aftermarket parts demand drove record consumables revenue and lifted gross margins, while capital shipments lagged versus last year, leaving revenue down and ea...
- Bookings rose 7% in Q2 to $269 million, driven by capital orders and stable aftermarket demand.
- Revenue fell 7% year over year to $255.3 million, held back by fewer capital shipments versus a record Q2 2024.
- Record aftermarket parts and consumables revenue was $181.8 million, representing 71% of total revenue in 2Q25.
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Gates Industrial Corporation Q2 2025 Earnings Call - FX-Driven Guidance Lift, Data Center and Personal Mobility Poised to Drive Growth
Gates reported a steady quarter: revenue roughly flat on a core basis, adjusted EBITDA of $199M and EPS of $0.39, while raising full year EBITDA and EPS guidance after favorable foreign exchange trans...
- Total Q2 sales $884.0M, core revenue down 0.6% year over year; underlying demand largely as expected.
- Adjusted EBITDA $199.0M, margin 22.5%, a 30 basis point decline year over year; comparability hurt by a $7M prior-year real estate gain that represented ~80 bps of margin.
- Gross margin 40.8%, the fifth consecutive quarter above 40%; gross margin expanded 40 basis points in the quarter.
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