Earnings Call Transcripts
Access detailed transcripts and key takeaways from company earnings calls
All Earnings Calls
CPKC Q4 2025 Earnings Call - Record operations drive sub-56 core OR and set up mid-single-digit RTM growth for 2026
CPKC closed 2025 with industry-best execution: a record core adjusted operating ratio of 55.9% in Q4 and full-year core OR of 59.9%, driven by improvements in train speed, weight, locomotive productiv...
- Q4 core adjusted operating ratio hit a company record of 55.9%, a 120 basis point improvement year over year, with reported OR at 58.9%.
- Full-year core adjusted operating ratio improved 140 basis points to 59.9%, with core adjusted diluted EPS of $4.61, up about 8.8% year over year.
- Q4 revenue was CAD 3.9 billion, up 1% versus prior year, and full-year revenue was $15.1 billion, up 4%.
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Adtalem Global Education Q2 FY2026 Earnings Call - Walden-led revenue surge drives EPS raise despite Chamberlain softness
Adtalem posted a clean quarter of top-line and profit momentum led by Walden University, but the story is uneven. Total enrollment reached about 97,000 students, revenue climbed to $503.4 million, adj...
- Total enrollment grew to ~97,000 students, up over 6% year-over-year, marking the 10th consecutive quarter of enrollment growth.
- Revenue for Q2 FY2026 was $503.4 million, up 12.4% year-over-year; excluding a one-week academic calendar shift, revenue grew about 8.4%.
- Walden University recorded record total enrollment of ~52,400 students, up 13% year-over-year, and produced the largest revenue and EBITDA contribution to the quarter.
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Ethan Allen Fiscal 2026 Q2 Earnings Call - Margins and Cash Withstand Tariff Pain and Soft Demand
Ethan Allen reported a quarter marked by weaker demand but notable margin resilience and a fortress-like balance sheet. Consolidated net sales fell to $149.9 million as retail written orders dropped 1...
- Consolidated net sales for Q2 (ended Dec 31, 2025) were $149.9 million, down versus last year.
- Retail written orders declined 17.9% year-over-year; wholesaler orders fell 19.3%, with both decelerating through the quarter.
- Design center traffic fell 11% in the quarter, cited as a core driver of weaker retail demand.
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Landstar System, Inc. Q4 2025 Earnings Call - Heavy Haul Strength, But Insurance Shocks the P&L
Landstar closed fiscal Q4 2025 with a familiar split personality. The company’s heavy haul and unsided platform business surged, delivering record annual heavy haul revenue and a 23% year-over-year ju...
- Heavy haul was a standout, producing approximately $170 million in Q4 2025 revenue, up 23% year-over-year; FY2025 heavy haul revenue set a new record at $569 million.
- Overall truck transportation revenue in Q4 was nearly flat year-over-year; excluding Landstar Metro and a prior agent fraud revenue item, total revenue declined about 1% year-over-year.
- Management disclosed three discrete insurance/claims hits totaling roughly $22 million pre-tax: $11 million from two fatal BCO accidents in Q4, a $5.7 million pre-tax charge tied to an El Paso broker liability judgment (Landstar Ranger will appeal), and a $5.3 million increase in actuarial IBNR reserves.
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Meta Platforms Q4 2025 Earnings Call - AI acceleration fuels ad momentum, prompting massive 2026 infrastructure spend
Meta closed 2025 on a strong note: 3.5 billion daily users, Q4 revenue of $59.9 billion (up 24% YoY), and ads driving the vast majority of growth as impressions rose 18% and ad prices climbed 6%. Mana...
- User scale remains massive: Meta reported over 3.5 billion daily users in December, including >2 billion daily users on both Facebook and WhatsApp and Instagram just under 2 billion.
- Top-line strength: Consolidated Q4 revenue was $59.9 billion, up 24% YoY (23% constant currency); family of apps revenue was $58.9 billion, up 25%.
- Ads are the engine: Family-of-apps ad revenue was $58.1 billion (up 24% YoY), driven by an 18% increase in ad impressions and a 6% rise in average ad price.
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Las Vegas Sands Fourth Quarter 2025 Earnings Call - Marina Bay Sands Sets Records, Macau Margins Squeezed by Mix and Reinvestment
Marina Bay Sands stole the show, posting a record quarter with $806 million of EBITDA and a 50.3% margin, driven by booming mass gaming and continued product investments. The story is simple and stark...
- Marina Bay Sands delivered a record quarter: $806 million of EBITDA and a 50.3% margin, driven by unusually strong mass gaming demand.
- Company-level EBITDA topped $2.9 billion for the year, underscoring the cash generative run in the region.
- Singapore mass gaming exceeded $951 million in the quarter, up 118% versus Q4 2019 and up 27% year over year, per management.
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VIAVI Solutions Fiscal Second Quarter 2026 Earnings Call - Data center and defense demand lift revenue and margins; acquisitions and restructuring reshape the business
VIAVI came in at the high end of guidance for fiscal Q2 2026, delivering $369.3 million in revenue, a 23.5% sequential increase and 36.4% year over year growth. Operating margin expanded to 19.3%, EPS...
- Revenue $369.3 million came in at the high end of guidance, up 23.5% sequentially and 36.4% year over year.
- Operating margin expanded to 19.3%, above guidance, improving 360 basis points sequentially and 440 basis points year over year.
- EPS was $0.22, beating the high end of guidance and rising $0.07 sequentially.
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CONMED Q4 2025 Earnings Call - Portfolio pivot: exiting GI to double down on AirSeal, Buffalo Filter and BioBrace while navigating tariff and near-term EPS headwinds
CONMED closed fiscal 2025 with solid top-line momentum and a clear strategic reset. Management announced an exit from gastroenterology, redeploying capital and talent into three high-growth, higher-ma...
- Q4 sales $373.2 million, up 7.9% reported and 7.1% constant currency; full-year sales $1.375 billion, up 5.2% reported and 5.1% constant currency.
- CONMED announced an exit from gastroenterology, a strategic portfolio move expected to dilute near-term EPS but improve long-term consolidated growth margin by about 80 basis points.
- Management is prioritizing three high-growth platforms: AirSeal (robotic and laparoscopy insufflation), Buffalo Filter (surgical smoke evacuation) and BioBrace (orthopedic soft tissue augmentation).
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First Commonwealth Financial Corporation Q4 2025 Earnings Call - NIM Near 4% and $225M Loan Sale Clears Path for Buybacks
First Commonwealth closed 2025 with margin strength, modest loan and deposit growth, and a capital plan that leans heavily on buybacks. Q4 core EPS beat at $0.43 and full-year core EPS of $1.53 topped...
- Q4 core EPS was $0.43, beating consensus; full-year 2025 core EPS was $1.53, above December street estimates.
- Net interest margin expanded to 3.98% in Q4, driven by better loan yields, good commercial volume, and slightly lower deposit costs.
- Management expects a near-term NIM dip in Q1 2026 of roughly 5 to 10 basis points as variable SOFR loans reflect December rate cuts, then gradual improvement toward about 4.0% by year-end 2026.
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Amphenol Corporation Fourth Quarter 2025 Earnings Call - AI-fueled IT Datacom Orders and CommScope Deal Drive Record Sales and Margins
Amphenol closed 2025 with record results, powered by a stampede of IT datacom orders tied to AI infrastructure and a string of acquisitions, most notably CommScope. Q4 sales hit $6.44 billion, full-ye...
- Record Q4 sales of $6.439 billion, up 49% in U.S. dollars and 37% organically versus Q4 2024.
- Full-year 2025 sales approximately $23.1 billion, up 52% in U.S. dollars and 38% organically year-over-year.
- Record quarterly orders of $8.431 billion, up 38% sequentially, driving a full-year book-to-bill of 1.1.
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