Earnings Call Transcripts
Access detailed transcripts and key takeaways from company earnings calls
All Earnings Calls
Great Elm Capital Corp 3Q 2025 Earnings Call - Navigating NAV Hit from First Brands Bankruptcy Amid Strong Liquidity
Great Elm Capital Corp (GECC) reported a challenging third quarter in 2025, primarily due to a significant NAV impairment of approximately $16.5 million related to its over 5% exposure to First Brands...
- GECC faced a substantial NAV drop to $10.01 from $12.10 primarily due to First Brands bankruptcy affecting over 5% of portfolio allocation.
- First Brands loan went on non-accrual in Q3, halting interest income and causing a $16.5 million adverse NAV impact.
- Despite challenges, GECC raised equity at NAV, doubled revolver capacity to $50 million, and refinanced high-cost debt lowering interest by 100 basis points.
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Trimble Q3 2025 Earnings Call - Strong Organic Growth, AI Integration, and Strategic Momentum Drive Raised Guidance
Trimble posted a robust third quarter with 11% organic revenue growth and 15% ARR growth, beating both top and bottom line expectations. The company reinforces its Connect and Scale strategy as the ba...
- Trimble’s Q3 2025 revenue rose 11% organically to $901 million, accompanied by a 15% ARR increase to $2.31 billion, with notable 17% growth in the AECO segment.
- Non-GAAP EPS was $0.81, up 16% year-over-year, reflecting operating leverage and model quality improvements, with gross margins expanding 90 basis points to 71.2%.
- Recurring revenue constituted 63% of Q3 revenue; software and services made up 78%, underscoring Trimble’s subscription-driven business model strength.
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Lineage Logistics Q3 2025 Earnings Call - Navigating Excess Capacity and Tariff Headwinds with Stable Pricing and Operational Focus
Lineage Logistics reported a slightly better than expected Q3 2025 with revenue up 3% and adjusted EBITDA increasing 2% to a record $341 million. Despite a 3.6% year-over-year decline in same-store ne...
- Q3 2025 revenue grew 3%, with adjusted EBITDA up 2% to a record $341 million, but same-store NOI declined 3.6% year-over-year.
- Physical occupancy improved sequentially by 50 basis points to 75%, with expected further gains in Q4 despite a muted seasonal pattern.
- Pricing remains stable, with a 1-2% net increase in revenue per occupied pallet; no change to pricing strategy in Q3.
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Recursion Q3 2025 Earnings Call - Leadership Transition and Platform Milestones Set Stage for Next Chapter
Recursion’s Q3 2025 earnings call marked a pivotal leadership transition with Najat Khan stepping in as CEO on January 1, while Chris Gibson remains chairman and advisor. The company boasts a robust c...
- Najat Khan named CEO effective January 1, with Chris Gibson transitioning to chairman and executive advisor role.
- Recursion holds a pro forma cash balance of approximately $785 million as of early October 2025, providing runway through end of 2027 without additional financing.
- Roche and Genentech partnership milestone: $30 million earned for delivering second whole genome microglia phenomap, advancing neuroscience drug discovery.
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Royalty Pharma Q3 2025 Earnings Call - Strong Portfolio Growth and Strategic $1 Billion Capital Deployment
Royalty Pharma reported an 11% growth in portfolio and royalty receipts in Q3 2025, driven by a diversified and high-performing portfolio. The company deployed approximately $1 billion in capital on v...
- Royalty Pharma achieved 11% growth in portfolio receipts and recurring royalty cash flows in Q3 2025, underscoring steady top-line momentum.
- Full year 2025 portfolio receipts guidance was raised for the third time in the year to a range of $3.2 billion-$3.25 billion, reflecting 14-16% growth.
- Capital deployment reached approximately $1 billion in Q3 2025, including major acquisitions such as Amgen's Imdelltra royalty for up to $950 million.
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Assurant Q3 2025 Earnings Call - Upgraded 2025 Outlook on Broad-Based Double-Digit Growth
Assurant delivered a strong Q3 2025 performance, marked by double-digit earnings growth across both Global Housing and Global Lifestyle segments. The company raised its full-year outlook, expecting lo...
- Assurant posted double-digit adjusted EBITDA and EPS growth in Q3 2025, excluding catastrophes, driven by strong performances in Global Housing and Global Lifestyle.
- The company raised its 2025 outlook to low double-digit adjusted EPS growth and nearly 10% adjusted EBITDA growth, surpassing initial expectations.
- Connected Living advanced with two new major partnerships: a multi-year reverse logistics and device repair agreement with a large U.S. mobile carrier, and a service contract partnership with Best Buy’s Geek Squad.
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Champion Homes Q2 2026 Earnings Call - Strong Sales Growth Fueled by New Product Mix and Legislative Momentum
Champion Homes reported a robust second quarter with an 11% increase in net sales to $684 million and a 4% rise in homes sold, driven by strategic innovation in product offerings and expanding retail ...
- Q2 net sales rose 11% year-over-year to $684 million, with 6,771 homes sold, up 4% from prior year.
- Gross margin expanded 50 basis points to 27.5%, driven by product mix shift toward multi-section homes and higher captive retail sales percentage.
- Average selling price per home increased 7% in the U.S. to $98,700, reflecting more multi-section homes and pricing in company-owned retail centers.
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ACM Research Q3 2025 Earnings Call - Innovation and Capital Raise Position Company for Long-Term Growth Despite Near-Term Shipment Headwinds
ACM Research reported a strong Q3 2025 with 32% revenue growth year-over-year reaching $269 million, setting a new quarterly record. The company highlighted robust demand driven by accelerating AI and...
- Revenue grew 32% YoY to a record $269 million in Q3 2025, reflecting strong demand across product portfolio.
- Shipment growth was modest at 1% YoY, with some customer pushouts and parts shortages delaying shipments into 2026.
- Gross margin was 42.1%, at the low end of guidance, impacted by product mix skewed to smaller front end tools and inventory write-downs.
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Flowco Holdings Q3 2025 Earnings Call - Strong Margin Expansion and Rental Growth Offset Product Sales Decline
Flowco Holdings reported robust third quarter 2025 results highlighted by adjusted EBITDA of $76.8 million and a margin expansion of 382 basis points, driven largely by growth in its high-margin renta...
- Flowco delivered adjusted EBITDA of $76.8 million in Q3 2025, surpassing expectations with a 382 basis points margin expansion quarter-over-quarter.
- Free cash flow excluding recent acquisition capital stood at approximately $43 million, demonstrating cash flow durability.
- High margin rental portfolio growth in HPGL and VRU systems drove margin expansion and recurring contracted cash flows.
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Aurora Cannabis Fiscal Q2 2026 Earnings Call - Profitable Global Medical Cannabis Growth with 69% Gross Margin
Aurora Cannabis reported a solid fiscal Q2 2026 with net revenue up 11% to $90 million, driven by a 15% increase in global medical cannabis sales and a 22% uptick in international revenue. The highlig...
- Aurora Cannabis net revenue rose 11% year-over-year to $90 million in fiscal Q2 2026.
- Global medical cannabis revenue hit a record, growing 15%, with international sales up 22%.
- Adjusted gross margin for medical cannabis climbed 700 basis points to 69%, surpassing the 60% target.
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