Earnings Call Transcripts
Access detailed transcripts and key takeaways from company earnings calls
All Earnings Calls
Axalta Q2 2025 Earnings Call - Record EBITDA and EPS, Refinish Headwinds Likely to Persist Into 2026
Axalta delivered a big quarter on profitability while the top line creaked. Q2 produced record adjusted EBITDA and adjusted diluted EPS on disciplined cost control and pricing, but consolidated net sa...
- Q2 net sales approximately $1.3 billion, down about 3% year over year, in line with guidance.
- Record adjusted EBITDA of $292 million, adjusted EBITDA margin expanded to ~22.4%, fifth consecutive quarter at or above the A Plan 21% target.
- Adjusted diluted EPS was $0.64 in Q2, up about 5% year over year, marking a quarterly earnings record.
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Credit Acceptance Corporation Q2 2025 Earnings Call - Loan underperformance trims forecasted cash flows despite record $9.1B portfolio
Credit Acceptance reported a record adjusted loan portfolio of $9.1 billion, yet saw forecasted net cash flows fall by $56 million, a 0.5% decline, as 2022 through 2024 vintages underperformed expecta...
- Adjusted loan portfolio reached a record $9.1 billion, up 6% year over year on an adjusted basis.
- Forecasted net cash flows declined 0.5%, a $56 million reduction during the quarter.
- Loan performance: 2022, 2023 and 2024 vintages underperformed expectations; 2025 vintage is outperforming.
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Bausch + Lomb Q2 2025 Earnings Call - Dry-eye and contact-lens momentum offsets Invista recall; guidance raised
Bausch + Lomb reported a resilient Q2 2025, with revenue of $1.278 billion, 3% constant-currency growth, and an upbeat raise to full-year guidance despite the lingering drag from the Invista IOL recal...
- Q2 revenue $1.278 billion, 3% year-over-year constant-currency growth; excluding Invista recall the company says revenue growth would have been 6%.
- Company raised 2025 revenue guidance from $5.00-5.10 billion to $5.05-5.15 billion, and adjusted EBITDA guidance from $850-900 million to $860-910 million.
- Invista IOL recall cost roughly $29 million of revenue in Q2, and a one-time $19 million hit to adjusted EBITDA; management expects full momentum to be recaptured by Q1 2026.
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Piper Sandler Companies Q2 2025 Earnings Call - Advisory-Led Rebound Lifts Revenues and Margins, Corporate Financing Lags
Piper Sandler rode a clear advisory-led recovery in Q2, delivering $405 million of adjusted net revenues, an 18.1% operating margin, and $2.95 of adjusted EPS. Advisory strength, led by Services & Ind...
- Adjusted net revenues were $405 million in Q2 2025, with an 18.1% adjusted operating margin and $2.95 adjusted diluted EPS.
- Advisory revenues totaled $206 million in Q2, up 12% year over year, with 71 completed transactions during the quarter.
- Advisory momentum is broad based, Services and Industrials delivered one of its best quarters since 2021, and overall advisory for H1 was $423 million, up 24% year over year.
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Blackbaud Second Quarter 2025 Earnings Call - Raised Guidance After Strong Q2; AI Monetization and Cash Flow Optionality in Focus
Blackbaud reported a robust Q2 with revenue of $281.0 million, 6.8% organic growth, adjusted EBITDA margin of 38.5% and non GAAP EPS of $1.21, driven by transaction strength and continued margin expan...
- Q2 revenue $281.0 million, organic growth 6.8% year over year.
- Adjusted EBITDA margin 38.5%, up nearly 300 basis points year over year.
- Non GAAP diluted EPS $1.21, up 12% year over year, with outperformance if adjusted for EverFi.
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Avantor Q2 2025 Earnings Call - Bioprocessing setbacks and price-led share gains squeeze margins
Avantor delivered a mixed quarter. Reported revenue was $1.68 billion, organic revenue flat year over year, but margins slipped as management chose price and mix to protect and win accounts. Adjusted ...
- Reported revenue $1.68 billion in Q2 2025, organic revenue flat year over year.
- Adjusted gross profit $554 million, adjusted gross margin 32.9%, down 130 basis points year over year driven mainly by price actions, unfavorable mix, higher freight and fixed cost under absorption.
- Adjusted EBITDA $280 million, 16.6% margin, down roughly 125 basis points year over year; adjusted operating income $252 million, 15% margin.
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Eastman Chemical Company Second Quarter 2025 Earnings Call - Trade Uncertainty Pulls Inventory, Hits H2 Utilization; Methanolysis Debottlenecking Offers Durable Upside
Eastman spent most of this call describing a simple, ugly narrative. A sudden escalation in global tariffs has injected chaos into supply chains, triggered pre-buys in Q2 and then order holds in July,...
- Tariffs and trade policy are the dominant story, creating chaotic supply-chain behavior and distorting Q2 to H2 demand signals across Eastman’s portfolio.
- Management expects a mid single digit decline in demand into the back half of 2025, driven by pre-buys in Q2, customers holding orders in July, and normal seasonality.
- Inventory reduction to free cash is a deliberate strategy, and that action creates an accounting-related utilization headwind of about $75 million to $100 million in H2 2025.
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Virtu Financial Q2 2025 Earnings Call - Record $568M Trading Quarter Fueled by Volatility, Crypto and ETF Block Strength
Virtu delivered a blowout Q2 2025, posting $568 million in adjusted net trading income, a record $9.2 million per day, and normalized adjusted EPS of $1.53, up sharply year over year. The surge was dr...
- Adjusted net trading income hit $568 million in Q2 2025, a record and equal to $9.2 million per trading day, up 50% from $6.1 million per day in Q2 2024.
- Normalized adjusted EPS was $1.53 for the quarter, an 83% increase year over year.
- Adjusted EBITDA margin was 65%, the highest since the referenced prior peak, driven by disciplined expense management and $198 million in adjusted cash operating expenses.
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SiteOne Landscape Supply Q2 2025 Earnings Call - Resilient execution drives EBITDA margin expansion despite flat organic sales
SiteOne reported a quarter of disciplined fixes and cautious progress. Net sales rose 3% helped by acquisitions, while organic daily sales were flat. Management delivered the kind of operational wins ...
- Net sales +3% in Q2 2025, driven by 3% from acquisitions and flat organic daily sales versus prior year.
- Adjusted EBITDA increased 8% to $226.7 million; adjusted EBITDA margin improved 60 basis points to 15.5%.
- Organic daily sales were flat, reflecting soft end markets offset by continued market share gains.
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Reynolds Consumer Products Q2 2025 Earnings Call - Pricing, Innovation and Onshoring to Offset Cost Pressures
Reynolds reported a steady quarter, essentially in line with guidance, with net revenues of $938 million and retail revenue flat at $887 million. Adjusted EPS was $0.39, slightly below last year when ...
- Net revenues for Q2 were $938 million, up from $930 million a year ago, with retail revenue flat at $887 million.
- Adjusted EPS was $0.39 in Q2 2025, versus $0.41 in the year ago period after adjusting for a discrete tax benefit.
- Management attributes the Q2 gross profit decline to timing mismatches, not structural margin loss, and expects pricing to catch up through the year.
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