Earnings Call Transcripts
Access detailed transcripts and key takeaways from company earnings calls
All Earnings Calls
Boston Beer Company Q2 2025 Earnings Call - Margin Expansion Offsets Volume Pressure, Sun Cruiser Emerges
Boston Beer delivered a paradox this quarter, reporting sharp margin expansion and EPS growth even as volumes softened. Q2 depletions fell 5% while shipments were roughly flat, but gross margin jumped...
- Q2 depletions declined 5%, while shipments were down 0.8% in the quarter, reflecting weaker off premise demand and timing differences with wholesaler orders.
- Year-to-date depletions for the first 29 weeks were down 3% versus 2024, prompting management to widen its full year volume guidance to a range of down high single digits to down low single digits.
- Gross margin expanded to 49.8% in Q2, a 380 basis point improvement year over year, driven by brewery efficiency gains, procurement savings, pricing, and favorable product mix.
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SkyWest Inc. Second Quarter 2025 Earnings Call - Fleet flexibility cushions tariff risk as demand returns to pre‑COVID levels
SkyWest reported a strong Q2: $1.0 billion in revenue, GAAP net income of $120 million, and $2.91 of diluted EPS, driven by rising production and robust demand in small and mid‑sized communities. Mana...
- Q2 GAAP net income was $120 million, or $2.91 diluted EPS, on $1.0 billion of revenue, up 19% year over year.
- Management expects 2025 block hours to be up approximately 14% versus 2024, with summer seasonality returning and Q3 block hours roughly 2% above Q2.
- Company signaled 2025 GAAP EPS could be in the roughly $10 per share area if execution on current opportunities is successful, implying about 28% EPS growth versus production growth.
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McGrath RentCorp Q2 2025 Earnings Call - Upwardly revised guide as modular demand stabilizes
McGrath posted a tidy quarter, driven by modular momentum and improving end-market signals, enough for management to nudge full-year guidance higher while staying cautious. Total revenue rose 11% to $...
- Total revenue for Q2 2025 was $235.6 million, up 11% year over year; adjusted EBITDA was $86.5 million, up 3%.
- Mobile Modular revenues rose 8% to $156.0 million; rental revenue grew 5%, rental-related services grew 11%, and modular sales rose 13%.
- Management upwardly revised full-year guidance: total revenue $925–$960 million, adjusted EBITDA $347–$356 million, and remaining gross rental equipment capex $115–$125 million.
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"Enova International" Q2 2025 Earnings Call - Record SMB-led Origination Growth, Solid Credit, and Planned CEO Transition
Enova posted another quarter of punchy growth, led by small business lending. Q2 originations hit $1.8 billion, up 28% year-over-year, pushing combined receivables to a record $4.3 billion and revenue...
- Total originations rose 28% year-over-year to $1.8 billion in Q2 2025, driving record combined loan and finance receivables of $4.3 billion, up 20% YoY.
- Revenue was $764 million, up 22% year-over-year and 2% sequentially; SMB revenue grew 30% YoY to a record level.
- Small business dominated growth: SMB originations were $1.2 billion (up 35% YoY) and SMB receivables ended the quarter at $2.8 billion, representing ~65% of the portfolio.
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Columbia Banking System Second Quarter 2025 Earnings Call - Pacific Premier deal on track to close early, set to boost scale, tech and fee income
Columbia reported a clean quarter of improving profitability, driven by a wider NIM, stronger core fee income and tight expense control, even as seasonal deposit outflows and customer paydowns trimmed...
- Company performance up 14 percent year over year, driven by profitability, balance sheet optimization and prior operational efficiency initiatives.
- Operating EPS was $0.76, GAAP EPS $0.73; operating PPNR rose 14 percent quarter over quarter to $242 million.
- Net interest margin expanded 15 basis points to 3.75 percent, with roughly half the lift from higher investment securities yields, about +5 bps from higher loan yields, and ~+1 bp from lower funding costs.
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Boyd Gaming Q2 2025 Earnings Call - $1.755B FanDuel Sale Cuts Leverage Below 2x, Fuels Bigger Buybacks
Boyd reported a clean, operational quarter and then reframed the story with a single transaction. The company agreed to sell its 5% FanDuel stake to Flutter for $1.755 billion, producing ~ $1.4 billio...
- Announced sale of 5% FanDuel stake to Flutter for $1.755 billion, expected to close in weeks.
- Estimated after-tax proceeds of ~ $1.4 billion, roughly > $17 per share, to be used initially to fully repay the credit facility.
- Pro forma leverage falls roughly one turn from ~2.8x (3.2x lease-adjusted) to below 2x; management expects longer-term target around 2.5x.
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The St. Joe Company Second Quarter 2025 Earnings Call - Recurring Revenue Now 63% of Total, Signaling Operating-Model Shift
St. Joe reported solid Q2 results, with revenue up 16% and net income up 20%, driven by a 27% rise in real estate revenue and record leasing and hospitality receipts. Management pitched the company as...
- Company is executing a strategic shift, recurring revenue reached 63% of total revenue for the first six months of 2025, marking material progress away from pure land-sales economics.
- Q2 financials: revenue grew 16%, net income grew 20%, led by a 27% increase in real estate revenue.
- Leasing revenue set a quarterly record, up 11%, and hospitality revenue set a quarterly record, up 10%, emphasizing the recurring income story.
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Associated Banc-Corp Q2 2025 Earnings Call - Record NII as C&I Remix Boosts Margin and Capital
Associated Banc-Corp reported a clean quarter where strategic execution showed up in the numbers. Record net interest income and a rising margin reflect a deliberate shift from lower-yielding resident...
- Earnings per share were $0.65 in Q2 2025.
- Net interest income hit a company record of $300 million, up $43 million or 17% year over year.
- Net interest margin expanded to 3.04%, up 7 basis points sequentially and 29 basis points year over year.
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Moelis & Company Q2 2025 Earnings Call - Record Revenues, Pipeline Near Record as Firm Pushes into Private Capital Advisory
Moelis delivered a strong Q2, reporting $365 million of revenue, up 38% year over year, and a first half total of $672 million, up 39%. The jump was driven mainly by M&A and capital markets, and manag...
- Q2 revenue was $365 million, a 38% increase year over year, the firm’s highest Q2 on record.
- First half revenue totaled $672 million, up 39% versus the prior year first half.
- Revenue growth was driven primarily by M&A and capital markets, with M&A representing roughly two thirds of advisory revenues.
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TriNet Group Inc. Q2 2025 Earnings Call - Repricing and expense discipline keep guidance intact, targeting ICR recovery in 2026
TriNet beat the quarter for discipline, not drama. Management reiterated full year 2025 guidance after a Q2 that was broadly in line with expectations: revenue flat, disciplined repricing lifted insur...
- Company reiterated full year 2025 guidance after Q2 performance that was broadly in line with expectations.
- Total revenue was flat in Q2 year over year; interest income and insurance repricing supported the result.
- Average health fees per enrolled member rose about 9% year over year after plan design buy downs, reflecting active repricing to cover higher claims.
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