Earnings Call Transcripts
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All Earnings Calls
BlackRock Incorporated Q3 2025 Earnings Call - Record AUM and 10% Q3 Organic Base Fee Growth Fueled by ETFs, Private Markets and Tokenization Ambition
BlackRock reported a powerful quarter: $6.5 billion of revenue, $2.6 billion of operating income, and diluted EPS of $11.55, underpinned by record AUM (record units of trust of $13.5 trillion) and $20...
- Record scale and flows: Q3 net inflows were $205 billion, led by iShares ETF inflows of $153 billion, propelling record AUM and record units of trust of $13.5 trillion.
- Organic base fee acceleration: 10% annualized organic base fee growth in Q3, 8% over the trailing 12 months, the strongest cadence in over four years.
- Revenue and profitability: Q3 revenue $6.5 billion, operating income $2.6 billion, EPS $11.55 (up 1% yoy); revenue up 25% YoY driven by acquisitions, organic growth and market beta.
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PriceSmart Inc. Q3 FY2025 Earnings Call - Solid Comparable Sales, Membership Growth, and Expansion Investments
PriceSmart reported a steady quarter: net merchandise sales near $1.3 billion, comparable sales up 7% (8.5% in constant currency), operating income up 12.7% and adjusted EBITDA rising to $79 million. ...
- Net merchandise sales for Q3 were nearly $1.3 billion and total revenue exceeded $1.3 billion.
- Net merchandise sales grew 8.0% year over year, or 9.5% in constant currency; comparable net merchandise sales were up 7.0% (8.5% cc).
- Operating income rose 12.7% to $56.2 million for the quarter; adjusted EBITDA increased to $79.0 million from $71.0 million a year ago.
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Alcoa Corporation Q2 2025 Earnings Call - Tariff surge and weaker commodity prices squeeze EBITDA, cash and Ma’aden sale buy time
Alcoa reported a tough Q2 as lower alumina and aluminum prices plus rapidly rising U.S. Section 232 tariffs knocked adjusted EBITDA down sharply, but operational cash flow and the July 1 sale of the M...
- Revenue fell 10% sequentially to $3.0 billion in Q2 2025.
- Adjusted EBITDA was $313 million, a sequential decline of about $542 million.
- Alumina segment adjusted EBITDA plunged by ~$525 million, driven primarily by much lower alumina prices and higher production and energy costs.
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Hancock Whitney Corporation Second Quarter 2025 Earnings Call - NIM Up, Loan Growth Returns, Sable Acquisition and Buybacks
Hancock Whitney delivered a clean, execution-focused quarter. Net interest margin expanded, loan growth reaccelerated, trust fees climbed after the May close of Sable Trust, and management continued r...
- NIM expanded 6 basis points in Q2, driven by higher earning asset yields and lower deposit costs, partially offset by an unfavorable borrowing mix.
- Adjusted net income was $118 million, or $1.37 per share, compared with $120 million or $1.38 in Q1.
- Return on assets, adjusted for Sable transaction costs, was 1.37%.
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Albertsons Companies Q2 2025 Earnings Call - $750M Accelerated Share Repurchase Signals Bold Capital Push as Digital and Pharmacy Drive Growth
Albertsons used this quarter to sketch a new playbook. Management framed a “new day” built on its banner strength, a growing digital ecosystem, and an expanding pharmacy business, and backed the messa...
- Albertsons announced a $750 million accelerated share repurchase executed immediately, and raised its total buyback authorization to $2.75 billion; including prior repurchases, the company estimates over 12% of beginning shares will be repurchased with remaining authorization of about $1.3 billion.
- Management calls this a “new day” and the ASR is framed as a vote of confidence that the stock is undervalued, while preserving capital for growth and M&A optionality.
- Q2 results: adjusted identical sales +2.2% (adjusted for a 12 bps drag from a three-week Colorado labor dispute), adjusted EBITDA $848 million, and adjusted EPS $0.44.
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Wells Fargo Third Quarter 2025 Earnings Call - Asset cap lift enables re-acceleration of loan and fee growth and a 17-18% ROTCE target
Wells Fargo used Q3 to signal the next phase: the Fed’s asset cap removal is already being translated into higher balance sheet activity, faster loan growth, and bigger fee streams, while management s...
- Management framed Q3 as a pivot: with the Fed’s asset cap lifted, Wells Fargo is accelerating growth while keeping risk discipline and culture changes intact.
- Wells Fargo earned $5.6 billion in Q3, up 9% year over year, with diluted EPS of $1.66.
- Revenue increased 5% year over year, driven by both net interest income and strong fee-based businesses, including a 25% increase in investment banking fees.
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JPMorgan Chase & Co. Third Quarter 2025 Earnings Call - Markets and Fee Strength Mask Rising RWA, Fraud-Related Losses, and Cautious 2026 NII/Expense Outlook
JPMorgan reported a strong quarter: $14.4 billion in net income, $47.1 billion of revenue and double-digit gains in markets, investment banking, payments and asset management. But under the surface th...
- Net income $14.4 billion, EPS $5.07, ROTC 20% for Q3 2025; revenue $47.1 billion, up 9% year on year, driven largely by markets and higher fees across IB, AWM and payments.
- Net interest income dynamics mixed: balance sheet growth and mix helped NII this quarter, but lower rates were a headwind; Q4 NII ex-markets guidance ~ $23.5 billion, Q4 total NII ~ $25 billion.
- Management provided a 2026 central case for NII ex Markets of about $95 billion, labeled preliminary and subject to the budget cycle and macro moves.
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Goldman Sachs Q3 2025 Earnings Call - Dominant M&A, record AWM flows, and One Goldman Sachs 3.0 AI efficiency push
Goldman Sachs reported a strong Q3 2025: $15.2 billion of net revenues, $12.25 EPS, and mid-teens returns as its market-leading M&A franchise and markets businesses powered performance. The firm flagg...
- Net revenues of $15.2 billion and EPS of $12.25 in Q3 2025, delivering a reported ROE of 14.2% (ROTE 15.2% per CFO commentary).
- Goldman declared market leadership in M&A, advising on over $1 trillion of announced M&A year to date, roughly $220 billion ahead of its nearest competitor.
- Advisory revenues were $1.4 billion, up 60% year over year, and quarter-end investment banking backlog is the highest in three years.
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Simply Good Foods Company Q3 FY2025 Earnings Call - Quest and OWYN Power Growth as Atkins Faces Distribution Cuts and Margin Pressure
Simply Good Foods reported steady top-line momentum in Q3 FY2025, with net sales up ~14% to $381 million driven by the OWYN acquisition and roughly 4% organic growth. Quest and OWYN delivered double-d...
- Q3 net sales rose 13.8% year over year to $381 million, driven by OWYN contribution (~$33.6 million) and about 3.8% organic growth.
- Quest and OWYN together represent ~70% of net sales and delivered double-digit consumption growth in Q3; Quest consumption +11% and OWYN retail takeaway +24%.
- Atkins consumption declined ~13% year over year in Q3, largely due to distribution losses at a key customer and non-repeating merchandising events.
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Rocky Mountain Chocolate Factory Q2 2026 Earnings Call - From Turnaround to Execution, Franchise Growth and Operational Fixes Take Center Stage
Management says the heavy lifting of a 16-month turnaround is largely complete and the company is shifting from planning to disciplined execution, with a new operating team, a refreshed brand, and a p...
- Management says 16 months of modernization are largely complete and the firm is shifting from transformation plans to focused execution across operations, franchise support, and brand presentation.
- Total revenue was $6.8 million in the quarter, up from $6.4 million year over year; product sales were $5.2 million versus $4.9 million and franchise and royalty fees were $1.6 million versus $1.5 million.
- Total product and retail gross profit was negative $33,000, driven by timing of inventory adjustments and comparability factors, partially offset by factory efficiency gains.
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