Earnings Call Transcripts
Access detailed transcripts and key takeaways from company earnings calls
All Earnings Calls
Silgan Holdings Q2 2025 Earnings Call - Dispensing and Pet Food Drive Record EBIT, But Weather and a Customer Bankruptcy Trim 2025 Outlook
Silgan reported a strong second quarter, driven by high-margin dispensing products and accelerating pet food demand, with record adjusted EBIT and 15% adjusted EPS growth. The Vayner acquisition is in...
- Q2 headline results: net sales ~ $1.5 billion, adjusted EBIT $193 million (record), adjusted EPS $1.01, adjusted EPS up 15% year over year.
- Dispensing and Specialty Closures led growth, with segment sales up 24% year over year, record segment adjusted EBIT, and over 40% growth in dispensing products versus prior year.
- Vayner acquisition integration is proceeding well culturally and commercially, contributing materially to dispensing growth and creating additional commercial opportunities beyond original synergy estimates.
- +12 more takeaways
First Interstate BancSystem Inc. Second Quarter 2025 Earnings Call - Balance sheet remix boosts capital and sets path to margin recovery despite near-term loan runoff
First Interstate reported a clean quarter on the surface, with net income of $71.7 million, EPS $0.69, and NII of $207.2 million while management accelerates a deliberate balance sheet remix. The bank...
- Net income $71.7 million, diluted EPS $0.69 in Q2 2025, up from $50.2 million and $0.49 in Q1.
- Net interest income $207.2 million, NIM 3.32% FTE; excluding purchase accounting accretion NIM was 3.26%, up 12 bps quarter over quarter.
- Management continues strategic pruning: stopped new originations in indirect lending earlier, outsourced consumer credit card loans, and moved Arizona and Kansas loans ($338 million) to held for sale ahead of a Q4 branch sale.
- +12 more takeaways
Kura Sushi USA Inc. Fiscal Third Quarter 2025 Earnings Call - Reservation Rollout, Record IP Pipeline Position Chain for FY26 Recovery
Kura Sushi reported a mixed quarter but one full of operational momentum. Q3 sales were $74.0 million, comparable sales declined 2.1% as traffic fell 2.9% while pricing and mix contributed +0.8%. Mana...
- Total Q3 sales $74.0 million, comparable restaurant sales -2.1%, traffic -2.9% and price and mix +0.8%.
- Effective price in the quarter was reported at 4.3%; a 1% menu increase on June 1 was noted and effective pricing for Q4 is expected at 3.5%.
- COGS improved to 28.3% of sales, down 90 basis points year over year, credited to pricing and supply chain work. Tariff risk remains, management believes they can stay below roughly 30% COGS even in a downside scenario, and suppliers may absorb some impact.
- +11 more takeaways
Ionis Pharmaceuticals Second Quarter 2025 Earnings Call - Trengolza Launch Accelerates, Donidalorsen PDUFA Aug 21, SHTG Readouts Set for September
Ionis used this quarter to prove it can launch, raise guidance, and keep a packed late-stage pipeline moving toward commercial inflection points. Trengolza’s early commercial performance exceeded expe...
- Trengolza Q2 net product sales were $19 million, a threefold increase versus Q1, and the launch is described as early innings but exceeding expectations.
- Coverage and access for Trengolza are favorable: roughly 60% commercial and 40% government coverage, with over 90% of patients paying $0 out of pocket to date.
- Ionis’ patient support effort is working: the Ionis Every Step Support Program has near-universal opt-in and the commercial team has engaged over 3,000 physicians and targeted more than 30,000 HCPs.
- +13 more takeaways
Flowserve Q2 2025 Earnings Call - Termination of Chart Deal Brings $266M, Guidance Raised as Margins and Aftermarket Strength Drive Performance
Flowserve closed the book on the proposed Chart merger, collecting a $266 million termination fee and immediately shifting the conversation to disciplined capital deployment, including share repurchas...
- Flowserve and Chart merger terminated; Flowserve received a $266 million termination payment and a multi-year supply agreement with Chart.
- Company raised full-year adjusted EPS guidance to $3.25 to $3.40, midpoint implying better than 25% year-over-year EPS growth.
- Expect full-year adjusted operating margin expansion of 200 basis points; Q2 adjusted operating margin was 14.6% with 94% incremental margins for the quarter.
- +12 more takeaways
Highwoods Properties Q2 2025 Earnings Call - Lease-led NOI and FFO growth as embedded upside begins to roll
Highwoods reported a strong quarter driven by heavy second-gen leasing, development stabilizations and tangible embedded NOI upside across eight key assets. Management raised the midpoint of 2025 FFO ...
- FFO for Q2 2025 was $0.89 per share, net income $18.3M ($0.17 per share).
- Company raised the midpoint of its 2025 FFO outlook by $0.02 to a range of $3.37 to $3.45 per share.
- Occupancy was roughly flat quarter-over-quarter at 85.6%, while leased rate rose 80 bps to 88.9% — a 330 bps lease-to-occupied spread, more than double recent averages.
- +12 more takeaways
Federal Signal Corporation Q2 2025 Earnings Call - Record quarter lifts guidance and raises through-cycle margin targets
Federal Signal reported a clean, muscular Q2 marked by record revenue, profits and orders, and management pushed the bar higher for 2025. The company posted 15% revenue growth to $565 million, 21% adj...
- Q2 revenues $565.0M, up 15% year over year, with organic growth of 9% (about $42M).
- Adjusted EBITDA rose 21% to $118.2M, with consolidated adjusted EBITDA margin expanding 100 basis points to 20.9%.
- GAAP EPS $1.16, adjusted EPS $1.17, up 17% and 23% respectively versus prior year.
- +13 more takeaways
Enel Chile Q2 2025 Earnings Call - Gas trading, PEC factoring and BESS pipeline underpin resilience amid transmission bottlenecks
Enel Chile leaned into gas trading, a sizeable PEC factoring inflow, and thermal dispatch to protect margins in the face of transmission constraints, curtailed renewables and expiring high‑priced PPAs...
- Management named transmission constraints and temporary thermal unit unavailability as primary drivers of higher spot prices and system decoupling between northern and central Chile in April and June.
- Enel Chile reported year‑to‑date resilience: H1 EBITDA cited at roughly $669m (management also referenced REBITDA ~$659m in places), a ~10% improvement versus prior year, while Q2 REBITDA was about $293m, down ~$10m vs Q2 2024.
- FFO surged, driven largely by a $261m factoring of Stabilization Energy Mechanism (PEC) receivables executed in April, with FFO for the period reported at ~$450m, a ~$351m improvement vs 2024.
- +12 more takeaways
Timken Company Q2 2025 Earnings Call - Tariff Uncertainty Narrows 2025; Positioning for 2026 Recovery
Timken delivered a quarter largely in line with expectations, but management pulled back the upper end of 2025 earnings guidance amid ongoing trade and tariff uncertainty. Revenue was essentially flat...
- Q2 revenue $1.17 billion, down less than 1% year over year, organic sales down 2.5% driven by lower volumes, partially offset by pricing.
- Adjusted EBITDA margin was 17.7% in Q2, down from 19.5% a year ago, with adjusted EPS $1.42 versus $1.63 prior year.
- Backlog improved sequentially, up mid single digits from Q1, a signal management cites as positive for 2026 demand.
- +14 more takeaways
FCPT Q2 2025 Earnings Call - Reaccelerating Acquisitions at 6.7% Cap, Staying Well Hedged with $500M Liquidity
FCPT reaccelerated purchases in Q2 while repeating the same refrain: buy where price and tenant credit meet the bar, otherwise wait. The company closed 24 properties for $84m in Q2 at a blended 6.7% c...
- Q2 acquisitions: 24 properties for $84.0 million at a blended 6.7% cap rate, weighted average lease term of 13 years.
- YTD activity: 47 properties acquired for $141.0 million at a blended 6.7% cap rate; trailing-12 acquisitions reported at $344.0 million.
- Sector skew: 68% of Q2 acquisition volume was automotive service, reinforcing FCPT’s push into auto as a target sector due to secular tailwinds and zoning stickiness.
- +12 more takeaways