Earnings Call Transcripts
Access detailed transcripts and key takeaways from company earnings calls
All Earnings Calls
Reliance Inc. Q3 2025 Earnings Call - Market-share surge masks tariff-driven margin squeeze
Reliance reported a strong volume quarter, setting a Q3 record for tonnes sold and lifting U.S. market share to 17.1% from 14.5% a year ago, outperforming the service-center industry by roughly nine p...
- Record Q3 tonnes sold, tonnes up 6.2% year over year, outpacing the service-center industry which fell 2.9% in the same period.
- U.S. market share rose to 17.1% from 14.5% in 2024, management attributes majority of gains to organic execution and expanded processing capabilities.
- Non-GAAP diluted EPS was $3.64 in Q3 2025, roughly flat with Q3 2024.
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Ryder System Q3 2025 Earnings Call - Transformed model delivers resilience, ups EPS to $12.85-$13.05
Ryder reported steady, disciplined progress in Q3 2025, leveraging a transformed, contractual-heavy model to produce another quarter of EPS growth amid a prolonged freight downturn. Revenue was $2.6 b...
- Q3 operating revenue $2.6 billion, up 1% year over year; comparable EPS $3.57, up 4% from $3.44 prior year.
- Full-year 2025 comparable EPS guidance raised to $12.85 to $13.05 versus prior-year $12; Q4 EPS guide $3.50 to $3.70.
- Trailing 12-month ROE 17%; management expects over-the-cycle ROE in the low to mid-20s once transactional rental and used vehicle markets recover.
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Graco Inc. Q3 2024 Earnings Call - Acquisitions Drove Reported Growth While Organic Sales Fell and Tariffs Pinched Margins
Graco reported a $543 million Q3, up 5% year over year, but the headline growth was propped up by acquisitions and currency, while organic sales declined. Management beat on earnings per share after a...
- Reported Q3 sales were $543 million, up 5% year over year; acquisitions contributed +6% and currency +1%, while organic sales declined 2% in the quarter.
- Net earnings grew 13% to $138 million, or $0.82 per diluted share; adjusted non-GAAP EPS was $0.73, up 3% after stripping excess tax benefits and a $14 million noncash contingent consideration gain tied to Corab.
- Management recognized a $14 million noncash gain from a reduction in contingent consideration related to last year’s Corab acquisition; this was booked as an unallocated corporate operating expense and distorted operating expense comparisons.
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Expro Group Holdings N.V. Q3 2025 Earnings Call - Record Free Cash Flow and Raised 2025 Guidance
Expro posted a clean quarter, with revenue of $411 million, EBITDA of $94 million at a 22.8% margin, and the highest quarterly adjusted free cash flow in company history at $46 million. Management rai...
- Third quarter revenue $411 million, EBITDA $94 million, margin 22.8%, up ~50 basis points sequentially and 270 basis points year over year.
- Adjusted free cash flow hit a company record of $46 million in Q3, representing 11% of revenue, and management called it the highest quarterly FCF ever.
- Expro raised 2025 guidance, now targeting adjusted EBITDA of $350 million to $360 million and adjusted free cash flow of $110 million to $120 million.
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Equity LifeStyle Properties Q3 2025 Earnings Call - Canadian Reservation Drop Pins Seasonal Revenue, But Rent Hikes Preserve Momentum
Equity LifeStyle posted steady operating growth in Q3, with normalized FFO in line with guidance and core NOI up 5.3%. Management is pushing early visibility into 2026 via rent notices, with roughly h...
- Q3 normalized FFO was $0.75 per share, in line with guidance; full-year 2025 normalized FFO guidance maintained at a $3.06 midpoint ($3.01 to $3.11 range).
- Core NOI grew 5.3% in Q3, 40 basis points above guidance; core community-based rental income rose 5.5% for the quarter and year-to-date versus 2024.
- Management has issued 2026 rent notices to about 50% of manufactured-home residents, with an average planned increase of 5.1%.
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QCR Holdings Q3 2025 Earnings Call - LIHTC rebound drives record quarter as loans and margins accelerate
QCR delivered a punchy Q3: record adjusted net income of $37 million, $2.17 diluted EPS, driven by a sharp rebound in capital markets revenue from LIHTC activity, robust loan growth and continued net ...
- Record adjusted net income of $37.0 million in Q3 2025, or $2.17 per diluted share, driven by capital markets rebound, loan growth and NIM expansion.
- Capital markets revenue rebounded to $24 million in Q3, up $14 million sequentially, and management raised next-four-quarter guidance to $55 million to $65 million.
- Loan growth accelerated materially: total loans grew $254 million in the quarter (15% annualized); including add-back of planned M2 runoff, growth was $286 million or 17% annualized.
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Popular Incorporated Q3 2025 Earnings Call - Strong loan and NIM momentum, punctured by two idiosyncratic commercial losses
Popular delivered a tidy quarter on the top line, reporting $211 million in net income and $3.15 EPS as loan growth and NIM expansion offset higher provisions. Management raised 2025 loan growth guida...
- Net income of $211 million and GAAP EPS of $3.15, slight sequential increase in both metrics.
- Net interest income rose to $647 million, up $15 million quarter over quarter, driven by loan growth, fixed-rate asset repricing and deposit pricing discipline.
- Net interest margin expanded modestly, up 2 basis points on a gap basis and 5 basis points on a tax-equivalent basis; management expects further NIM expansion in Q4.
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Valley National Bancorp Q3 2025 Earnings Call - Core deposit growth and NIM momentum position bank for 2026 expansion
Valley reported a clear step up in Q3, with net income of $163 million, or $0.28 per share, the bank’s strongest quarterly profit since late 2022. The quarter was built on two visible threads, deposit...
- Q3 net income $163 million, $0.28 diluted EPS, highest quarterly profit since end of 2022.
- Bank added roughly 110,000 deposit accounts over 12 months, driving nearly 10% core deposit growth year-over-year.
- Core customer deposits rose about $1 billion in Q3, enabling payoff of roughly $700 million of maturing brokered deposits.
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O’Reilly Automotive Third Quarter 2025 Earnings Call - Pro-Led Share Gains and Tariff Pass-Through Support Upgraded Guidance
O’Reilly reported a solid Q3: overall comps +5.6% driven by a stronger professional business (around +10%), modest DIY pressure late in the quarter, and tariff-driven price increases largely passed th...
- Comparable store sales were 5.6% in Q3 2025, with professional comps the primary driver at just over 10% and DIY finishing the quarter in the low single digits.
- Same-skew inflation contributed just over 4% in Q3, and management expects a mid-single-digit same-skew benefit to persist into Q4, noting most tariff impacts have been passed through.
- Management updated full-year comparable store sales guidance to 4.0%–5.0%, up from 3.0%–4.5% previously, reflecting stronger-than-expected trends into September and October.
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FirstService Corporation Third Quarter 2025 Earnings Call - Organic Growth Flat as Weather and Commercial Slowdown Pinch Restoration and Roofing
FirstService reported a steady but unspectacular third quarter driven by tuck-in deals and operational execution, not organic expansion. Consolidated revenue was $1.45 billion, up 4%, adjusted EBITDA ...
- Consolidated Q3 revenue $1.45 billion, up 4% year over year, driven largely by tuck-under acquisitions; organic growth flat.
- Adjusted EBITDA $165 million, up 3%, with a consolidated margin of 11.4% versus 11.5% last year, effectively stable on a consolidated basis.
- Adjusted EPS $1.76, up 8% year over year, helped by lower interest expense on reduced net debt.
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