Earnings Call Transcripts
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All Earnings Calls
Crane Company Q3 2025 Earnings Call - Aerospace Momentum Drives Beat, PSI Acquisition to Close Jan 1 and Be Accretive
Crane reported a clean beat in Q3, led by Aerospace & Electronics strength and operational leverage, with adjusted EPS of $1.64 and core sales up 5.6%. Management raised and narrowed full-year adjuste...
- Adjusted EPS of $1.64 in Q3, driven by 5.6% core sales growth and strong operational execution.
- Company raised and narrowed full-year adjusted EPS guidance to $5.75 to $5.95, a midpoint implying about 20% adjusted EPS growth versus 2024.
- Pending acquisition of Precision Sensors & Instrumentation (PSI) from Baker Hughes remains on track to close January 1, management expects it to be accretive to margins and growth within a few years.
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Nucor Corporation Q3 2025 Earnings Call - Shipments Outperform as Capex Finishes, Data Center Push Gathers Pace
Nucor delivered a beat in Q3 2025 as shipments outpaced guidance, operational ramp-ups surprised to the upside, and management pushed a narrative of finishing a multiyear capex cycle while expanding i...
- Q3 headline: EBITDA roughly $1.3 billion, net earnings $607 million, EPS $2.63, exceeding midpoint of guidance by about $0.50 per share.
- Shipments outperformed: stronger than expected mill shipments across sheet, bar, and structural products; Berkeley set an all-time production record in September.
- Bar and rebar strength: bar group hit quarterly rebar shipment records twice in 2025; bar backlog up 35% year over year, with new Lexington and Kingman facilities ramping and expected to be EBITDA positive by Q1 2026.
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JetBlue Airways Third Quarter 2025 Earnings Call - Jet Forward on track for $290M in 2025 and break-even target for 2026
JetBlue used this quarter to argue that Jet Forward is working, with operational fixes, loyalty gains, and targeted premium moves starting to translate into better yields and tighter costs. Q3 finishe...
- Jet Forward is on track, management expects $290 million of incremental EBIT in 2025 and reiterated $850 to $950 million target for 2027.
- Management is targeting break-even or better operating margin for 2026 and plans to present a detailed 2026 plan in January.
- Q3 unit revenues declined 2.7% year over year, but finished above the midpoint of revised guidance and better than original expectations.
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Applied Industrial Technologies Fiscal 2026 First Quarter Earnings Call - Earnings Beat, 3% Organic Sales, Margins Expand
Applied Industrial Technologies opened fiscal 2026 with a crisp earnings beat, converting modest organic top-line growth into outsized margin gains. Consolidated sales rose 9.2% as acquisitions added ...
- Reported consolidated sales up 9.2% in Q1; acquisitions contributed ~6.3 percentage points, organic sales up 3.0% year over year.
- EBITDA rose 13.4% year over year, with organic EBITDA growth north of 6%; reported EBITDA margin expanded to 12.2% (+46 bps).
- EPS was $2.63, up 11.4% from prior year; company raised full-year EPS guide to $10.10–$10.85 from $10.00–$10.75.
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FirstSun Capital Bancorp Q3 2025 Earnings Call - Merger to Double Size While Shrinking Liquidity, Interest-Rate, and Credit Risk
FirstSun used the Q3 results call to unveil a decisive, complex acquisition of First Foundation, a deal that doubles franchise scale and promises to shrink the combined companys liquidity, interest-ra...
- Transaction announced: FirstSun will merge with First Foundation, adding 30 branches, including 16 in Southern California, and about $5.3 billion in AUM from First Foundations wealth platform.
- Aggressive repositioning plan: Management intends to execute $3.4 billion of balance-sheet downsizing focused on lowering non-relationship, rate-sensitive liabilities and exiting select assets to reduce liquidity, interest-rate, and credit risk.
- Timing and mechanics: Management expects the repositioning largely concurrent with close, with an early Q2 closing target; some wholesale deposit maturities will roll off after close, creating a short tail.
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Polaris Third Quarter 2025 Earnings Call - Sale of Majority Stake in Indian Motorcycle to Refocus on Core, Adds ~ $1 to EPS
Polaris reported a stronger-than-expected Q3 with $1.8 billion in sales, a 7% increase, and adjusted EPS of $0.41, driven by richer off-road mix, operational gains, and healthy retail. Dealer inventor...
- Q3 sales $1.8 billion, up 7% year over year, driven by higher shipments and a richer off-road vehicle mix.
- Adjusted EPS for Q3 was $0.41, helped by mix and operational efficiencies, partially offset by tariffs and normalizing incentive compensation.
- Polaris announced sale of a majority stake in Indian Motorcycle to Carrollwood, expected to close in Q1 2026, with Polaris retaining a small equity stake.
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Seacoast Banking Corporation of Florida Q3 2025 Earnings Call - Villages deal supplies deposit runway to fuel high-single-digit loan growth and NIM expansion
Seacoast reported a powerful Q3, driven by organic momentum and two acquisitions. Adjusted net income jumped 48% year over year to $45.2 million, loan and deposit growth ran near 8% annualized, and th...
- Adjusted net income, excluding merger charges, rose 48% YoY to $45.2 million, or $0.52 per share.
- Organic loan growth accelerated to an annualized 8%, while organic deposits (ex-brokered and Heartland) grew $212.3 million or 7% annualized, including $80.4 million of non-interest-bearing DDA growth.
- Net interest income was $133.5 million, up 5% sequentially, and core NIM excluding accretion expanded 3 basis points to 3.32%; reported NIM was 3.57% (down 1 bp QoQ).
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A. O. Smith Third Quarter 2025 Earnings Call - North America Outperforms as China Weakness and Tariffs Trim Full-Year Growth
A. O. Smith reported steady execution in Q3, with global sales of $943 million, EPS of $0.94, and clear outperformance in North America where pricing, production discipline, and commercial strength dr...
- Q3 results: global sales $943 million, up 4% year over year, EPS $0.94, up 15% versus 2024.
- North America strength: segment sales $743 million, up 6%; segment operating margin 24.2%, up 110 basis points driven by pricing and higher commercial volumes.
- Rest of world: sales $208 million, roughly flat versus prior year and including $17 million from PURIT; segment margin 7.4%, up 90 basis points.
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Asbury Automotive Group Q3 2025 Earnings Call - Chambers Boosts PVRs, TCA SAR Revision Delays EPS Tailwind
Asbury closed Q3 with record revenue and an early win from the Herb Chambers acquisition, which lifted luxury weightings and pushed up per-vehicle returns even as EV volume rose and compressed front-e...
- Record quarter: $4.8 billion revenue, $803 million gross profit, 16.7% gross margin; adjusted EBITDA $261 million and adjusted EPS $7.17 (would be $7.40 ex TCA deferral).
- Herb Chambers acquisition already lifted all-store PVRs and luxury weighting, and management says Chambers is accretive to new and used GPU on an ongoing basis.
- TCA remains profitable in the quarter: $14 million pre-tax income, but a non-cash deferral hit of roughly $6 million (about $0.23 per share) reduced reported EPS.
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Brixmor Property Group Q3 2025 Earnings Call - Leasing momentum drives record rents and a $60M pipeline, lifting FFO guide
Brixmor leaned hard into leasing and reinvestment in Q3, signing 1.5 million square feet and hitting record small-shop rents that pushed same-property NOI up 4% and NAREIT FFO to $0.56. Management com...
- Leasing outperformed, with 1.5 million square feet of new and renewal leases and a blended cash spread of 18% for the quarter.
- Small-shop rents hit a record, with new leases signed at $25.85 per square foot, and small-shop occupancy reached a record 91.4%.
- Management commenced a record $22 million of annualized base rent (ABR) in Q3, and noted ~ $19 million more expected to commence between Q3 and Q4.
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