Earnings Call Transcripts
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All Earnings Calls
SPX Technologies Q2 2025 Earnings Call - Guidance Raised as New Data Center Product and Capacity Plans Drive Momentum
SPX reported a strong Q2 with adjusted EPS of $1.65, up 16% year over year, and raised full year guidance to $6.35 to $6.65 as management now sees roughly 18% adjusted EBITDA growth at the midpoint. R...
- Q2 adjusted EPS was $1.65, a 16% year over year increase.
- Company raised full year adjusted EPS guidance to $6.35 to $6.65, implying roughly 18% adjusted EBITDA growth at the midpoint.
- Total company revenue grew 10% year over year, driven by acquisitions (KTS, Sigma Omega) and higher project sales in Detection & Measurement.
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Landstar Systems Q2 2025 Earnings Call - Heavy haul growth offsets soft truckload demand amid rising claims and legal risk
Landstar delivered a mixed quarter. Overall revenue dipped 1% year over year, but truck revenue showed the first annual increase since 2022, helped by a strong heavy haul business that produced about ...
- Total revenue down 1% year over year in Q2 2025, but truck revenue rose year over year for the first time since 2022.
- Heavy haul was the standout, generating roughly $138 million in Q2, up 9% year over year driven by a 5% increase in revenue per load and 4% volume growth.
- Overall truck revenue per load improved 2.6% year over year and 3.2% sequentially, outperforming pre pandemic seasonality in Q2.
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AppFolio Q2 2025 Earnings Call - Realm-X AI Adoption Drives Revenue Upside and a Raised 2025 Guide
AppFolio reported a strong Q2 with revenue of $236 million, up 19% year over year, and non-GAAP operating margin of 26.2%. Growth was broad based, with Core Solutions at $52.5 million and value-added ...
- Revenue $236 million in Q2, up 19% year over year.
- Non-GAAP operating margin was 26.2%, roughly flat versus prior year (26%).
- AppFolio raised 2025 revenue guidance to $935 to $945 million, implying about 18% growth at the midpoint.
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Red Rock Resorts Second Quarter 2025 Earnings Call - Durango Drives Record Las Vegas Revenue and EBITDA
Red Rock posted an exceptional Q2, with Las Vegas operations delivering the highest quarterly net revenue and adjusted EBITDA in the company’s 49 year history. Durango Casino Resort continues to expan...
- Las Vegas ops delivered record quarterly net revenue of $513.3 million, up 6.2% year over year, and adjusted EBITDA of $239.4 million, up 7.3% year over year.
- Consolidated Q2 net revenue was $526.3 million, including $10 million of North Fork contributions, and consolidated adjusted EBITDA was $229.4 million, up 13.7% year over year.
- Adjusted EBITDA margin expanded to 46.7% in Las Vegas operations, a 47 basis point improvement, and consolidated adjusted EBITDA margin rose to 43.6%, up 212 basis points.
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"The Cheesecake Factory" Q2 2025 Earnings Call - Record Revenue and Highest Four-Wall Restaurant Margin in Eight Years
The Cheesecake Factory beat expectations in Q2 fiscal 2025, posting record revenue of $956 million and adjusted diluted EPS of $1.16. Results were driven by steady comparable sales at the flagship Che...
- Q2 total revenues $956.0 million, adjusted diluted net income per share $1.16, GAAP diluted EPS $1.14, both above the high end of prior guidance.
- Cheesecake Factory comparable restaurant sales rose 1.2% in Q2, with record-high average weekly sales and annualized unit volumes near $12.8 million for the quarter.
- Four-wall restaurant margin at Cheesecake Factory climbed to 18.5%, up 80 basis points year over year, the highest level in eight years, attributed to labor productivity, food efficiencies and wage management.
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Dolby Laboratories Q3 2025 Earnings Call - Licensing Strength and Auto Wins Lift Results, Guidance Unchanged
Dolby delivered a tidy quarter, with Q3 revenue of $316 million, licensing revenue of $290 million, and non-GAAP EPS of $0.78, all slightly above guidance ranges. Management held full year guidance, c...
- Q3 revenue was $316 million, up 9% year over year.
- Licensing revenue for Q3 was $290 million, also up 9% year over year, and came in at the high end of guidance due to some fourth quarter activity arriving early.
- Non-GAAP EPS for the quarter was $0.78, just above the high end of the provided range.
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Perdoceo Education Corporation Second Quarter 2025 Earnings Call - Enrollment-Driven Beat, Outlook Raised
Perdoceo reported a clear enrollment-led quarter, beating expectations as student growth and the University of St. Augustine for Health Sciences acquisition meaningfully boosted revenue and profitabil...
- Q2 revenue $209.6 million, up ~26% year over year versus $166.7 million in Q2 2024.
- Net income $41.0 million, or $0.62 per diluted share; adjusted EPS $0.67 versus $0.59 prior year.
- Total student enrollments increased 17.4% year over year, marking the seventh consecutive quarter of enrollment growth.
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Universal Display Corporation Q2 2025 Earnings Call - Record Q2, raised guidance and phosphorescent blue commercialization milestone
Universal Display posted a clean, profitable quarter: $172 million in revenue, roughly $67 million in net income and gross margins near 77%. Management nudged the low end of full year guidance higher ...
- Q2 revenue of $172 million, record quarterly performance reported by management.
- Net income of $67 million, reported EPS approximately $1.40 to $1.41 per diluted share.
- Company raised the low end of full year 2025 revenue guidance to a range of $650 million to $700 million.
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Enovix Q2 2024 Earnings Call - A1 platform in customer qualification as Fab 2 scales and warrant dividend funds buildout
Enovix reported a beat in Q2 with $7.5 million revenue, a 98% year over year rise, and a 31% non-GAAP gross margin driven by defense product sales. The call pivoted around the A1 platform, now sampled...
- Revenue of $7.5 million beat guidance of $4.5 to $6.5 million and rose 98% year over year.
- Non-GAAP gross margin reached 31%, helped by higher-margin defense product shipments from the acquired Korean facility.
- Enovix launched the A1 platform, a 100% active silicon anode design claiming about 900 watt hours per liter, 3C charge capability, and a projected 1,000 cycle life, now in commercial qualification.
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"WillScot Mobile Mini Holdings Corp." Q2 2025 Earnings Call - Sequential leasing revenue inflection and $130M Q2 adjusted free cash flow, but small-project demand remains weak
WillScot reported a steady quarter: adjusted EBITDA of $249 million, sequential leasing revenue growth, and robust cash generation even as smaller, interest-rate sensitive projects stayed soft. Manage...
- Adjusted EBITDA was $249 million in Q2, with an adjusted EBITDA margin of 42.3% in the quarter and a trailing twelve month margin noted at 43.8%.
- Adjusted free cash flow was $130 million in Q2, a 22.1% margin, and the last 12 months generated $555 million of adjusted free cash flow (24% margin, $3.05 per share).
- Leasing revenue inflected positively on a sequential basis, up 2% in Q2, the first sequential leasing revenue growth (ex Q4 seasonality) since Q3 2023. Management views this as the first step back toward year over year revenue growth.
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