A live archive of receipt-bound excerpts from company earnings calls. No generated thesis, no recommendation — just the recorded language, its source coordinates, and a direct path into the ticker dossier or live Terminal.来自公司财报电话会的可追溯摘录档案。没有生成式投资结论，也没有推荐——只有原始表述、来源坐标，以及进入个股档案或实时终端的直接入口。
Start free in Terminal免费开始使用终端50 verified call records份已核验电话会记录 · 600 exact facts条精确事实 · 2026-09-07 → 2026-09-13
Browse the full archive page by page. Search on this page by ticker, period, category, or speaker; every card preview is a verbatim call excerpt.分页浏览完整档案。在本页按代码、期间、分类或发言人搜索；每张卡片预览均为电话会原文摘录。
Showing records 2017–2112 of 5581.显示第 2017–2112 条，共 5581 条。
“We continue to forecast that for full year 2026, no single customer will account for more than 10% of our total revenue, reflecting an improvement in our customer concentration profile.”
“Given that we continue to see strong underlying demand many places and believe most of the Q2 pressures were timing related, we are not changing our revenue guidance for the year, nor our internal forecast for the bottom line for the second half of the year.”
“You guys have previously given guidance for 2026 with origination volumes in a range of four and a half to five and a half billion.”
“While our reported revenue reflects the impact of our strategic portfolio realignment, our results demonstrate continued expense discipline, improved profitability, and ongoing investment in initiatives that we believe will support the company's long-term growth.”
“EBITDA for the quarter increased 16% to $42.7 million, producing a margin of 28.7% of net revenues, as compared to $37 million, or 27.8% of net revenues in Q2 of 2025.”
“Our credit metric outlook also remains strong, with expected average credit metrics of approximately 14% through 2029, supporting the strategic and financial flexibility needed to advance our capital plan and capture additional customer-driven growth opportunities.”
“Looking ahead to the second half of the year, we expect the broader economy to unfold generally consistent with our initial forecast for the year, with modest job growth and continued macroeconomic and geopolitical uncertainty.”
“Given the velocity of investment activity in the first half of the year and the expanded breadth and depth of our pipeline, we're pleased to increase our 2026 investment guidance to $600 million-$700 million.”
“For 2027, we expect our growth capital expenditures to be in the $3 billion area.”
“When considering the closing dates for Schmidt and Connelly, which collectively represent approximately 75% of the aggregate revenues and EBITDA presented, our guidance, which Tony will discuss shortly, assumes between $250 million and $275 million of revenue contribution from these five acquisitions in the back half of the year.”
“You know, we've gone further, right, that extended guidance beyond that rate case to provide some insights on where we think 2029 and 2030 are headed and, you know, committed to guidance that, you know, continues the need for growth, capital investment for our customers, and still don't see a need for equity through that 2030 time period.”
“The current quarter did not include any prior period losses or development on our voluntary business, and the current accident year loss in LAE ratio, 72%, is consistent with the full year 2025 accident year ratio.”
“Looking ahead, while we continue to view share repurchases of $300 million as a quarterly floor, we expect to exceed that amount when appropriate given the strength of our balance sheet and earnings generation.”
“We continue to expect full-year adjusted EPS growth in the 10%-15% range, with quarterly earnings becoming more evenly distributed throughout the year as our digital growth strategy helps balance the quarter mix of our business.”
“This updated revenue guidance reflects stronger organic growth expectations offset by recent movement in foreign exchange rates, which we expect to have about a $15 million impact to international revenue in the second half of the year relative to our prior guidance.”
“We continue to anticipate adjusted EBIT margin for the full year in the range of 6%-7%, with margins improving sequentially throughout the year, supported by cost management, operational efficiencies, and improving revenue profile in the second half of the year.”
“Projects such as the MIST expansion on our Midwestern Gas Transmission and Vector 2030 expansion are advancing through the commercialization process, and we remain encouraged by ongoing customer discussions and the demand outlook supporting these opportunities.”
“The principal maturity remains at $175 million senior unsecured bond maturing in 2029, which we intend to address well in advance to ensure continued liquidity stability, minimize refinancing risk, and maintain predictable cash flows.”
“In ASC, adjusted EBITDA increased 19% and margin expanded 110 basis points as sound program execution, favorable mix, and operational leverage from higher volume more than offset increased investment in research and development versus Q2 2025.”
“Non-GAAP earnings per share was $0.69, just above the middle of the range of guidance, as lower-than-expected operating expenses offset lower-than-expected revenue and higher taxes.”
“In today's market environment, collagen generates roughly 2.5x to 3x the margin of gelatin, and targeted ingredients can generate 7x to 11x.”
“The primary drivers were customer rate changes, the IRMA, the deferred WRAM revenue, each of which contributed $0.20, $0.15, and $0.11 per diluted share respectively.”
“Given what we are seeing in the market, we now expect the industry to track in the 290,000 to 310,000 unit range for the full-year as geopolitical tensions, gas prices, affordability, consumer confidence, and higher rates remain real constraints on new demand.”
“Our second quarter realized margin, adjusted for the change in RFS liability, inventory valuation, and unrealized derivative gains, was $12.43 per barrel, representing a 28% capture rate on the Group 3 2-1-1 benchmark.”
“In Canada, we expect approximately 20% year-over-year revenue growth in the second half of 2026 compared to the second half of 2025, driven by continued execution in our base business, growing success in our integrated services pursuits, and turnaround activity that shifted from the second quarter into the third quarter.”
“Our Specialized Reliability Solutions segment delivered robust organic revenue growth with an EBITDA margin in excess of the 20% target that we have for this segment.”
“We are on track to meet our expectations of mid to high single-digit volume growth for the full year 2026 over 2025.”
“Our fiscal year 2029 operating income target of approximately $1.2 billion-$1.3 billion reflects both the continued strength of the projected underlying demand environment and the contribution from our Brownfield expansion project.”
“Maybe just as a follow-up, when we think about the new annual guidance for Crocs brand up 2%-3% for revenue, which you raised, what should we take away in terms of the updated second half outlook for Crocs North America?”
“We expect to drill 22 wells and turn 21 wells to sales in 2026.”
“Assuming normal seasonal weather patterns for the remainder of the year and no further major dislocations in the geopolitical or macroeconomic environment, we expect full-year Adjusted EBITDA to be between $8.1 billion and $8.5 billion, net income between $3.9 billion and $4.1 billion, and diluted earnings per share between $5.60 and $6.05, representing another strong year of growth and value creation for CRH.”
“That said, our underlying sales and margin outlook for the second half has incrementally moderated versus 90 days ago based on the macroeconomic and supply chain headwinds we have discussed.”
“Bookings generally follow utilization trends, and in the second quarter, computing led with 46% of total system orders, representing an impressive 150% increase year-over-year, driven by Eclipse growth in high-performance computing.”
“We produced our highest-ever quarterly Adjusted EBITDA of $294 million with an Adjusted EBITDA margin of 27.1%, our second highest quarterly margin in history that trailed our all-time record by only ten basis points.”
“On the cash flow side, in fiscal 2027, we expect CapEx and capitalized software will remain at similar levels to fiscal 2026, while lower cash taxes and the Adjusted EBITDA growth that I just outlined will drive the significant growth in adjusted free cash flow to $200 million.”
“Gross profit of $146.3 million increased $69 million or 89% versus the prior year on a GAAP basis, reflecting the Kito Crosby acquisition, pricing, and volume, as well as benefits to material costs specific to the quarter, partially offset by the $55.2 million non-cash inventory step-up expense, the impact of the divestiture, and inflation in COGS.”
“As a result of the ongoing conflicts in the Middle East and Russia, Ukraine, the IEA, the EIA, and OPEC have all revised their respective 2026 global crude oil demand forecast to reflect the impact of higher energy prices, constrained product availability, and interruptions to global hydrocarbon trade and transportation.”
“These costs will continue to impact margins for the second half of the year, and we expect margins to stabilize in the low 40% range for 2027.”
“Additionally, please note that when we make prospective comments regarding financial performance, including our full year 2026 outlook, we will do so on a basis that includes the potential impact of future share purchases and anticipated 2026 dividends.”
“Year-over-year, consumer checking account household growth accelerated from 5.3% reported last year to 5.7% this quarter, driven by our strongest quarter of customer growth since the second quarter of 2023.”
“In the U.S., reported IFC product revenue, as well as volume demand for the second quarter, increased approximately 20% to $6.7 million, compared to $5.6 million during the same period in the prior year, led by continuing and market demand.”
“On a trailing 12-month basis, free cash flow totaled $308 million, an increase of 36% year-over-year, and a free cash flow margin expansion of 500 basis points to 28%, versus 23% a year ago.”
“It was delayed to second quarter." We told everybody in first quarter that we expected that the sweep networks would kick in, which they have done in the second quarter, which would lower the balance sheet growth by approximately $500 million as compared to first quarter.”
“This week, we expect to launch a sales process for one of our largest assets, a 686-key Hyatt Hotel in San Francisco, capitalizing on the sharp fundamental recovery and increasing investor demand in that market.”
“Second quarter was impacted by about $4 million of year-over-year reduction in revenue at Juniper, tied to risk-adjusted rate decreases in excess of 20% on some of our largest property placements, and as well as a stub cover that we had placed on behalf of BRE in the second quarter of last year that will be a calendar year renewal going forward.”
“Our results in the first half of the year, the resilience of our strategy, and the momentum of our business all reinforce our confidence in our ability to deliver on our 2026 outlook of 4%-8% EBITDA growth.”
“New Category revenue increased by nearly 60%, driven by continued success of Velo Plus, which grew more than 200%, and Vuse, which returned to double-digit volume and revenue growth.”
“We advanced our committed build-to-suit platform through both existing and new relationships, raised our full year investment guidance by more than $100 million at the midpoint, lowered our bad debt assumption, which is a direct reflection of the sustained improvement in our portfolio performance, and are raising the midpoint of our full year AFFO per share guidance range to $1.56, representing nearly 5% earnings growth over 2025.”
“We are increasing our full year 2026 financial guidance for both revenue and adjusted diluted EPS based upon our strong first half results and our current projections for the balance of the year while maintaining our projections for gross margin, other income and expense, and our tax rate.”
“Adjusted EBITDA was $329 million, down 35%, and adjusted EBITDA margin was 8.5%, down 350 basis points, primarily due to lower gross profit and reduced operating leverage on the sales decline.”
“On the profit side, restaurant-level operating margins expanded roughly 20 basis points to 17.2%, inclusive of roughly 5% of food inflation, which impacted cost of sales by 120 basis points.”
“The increase reflects organic growth within our six to 9% target range, driven by inflation-linked rate increases in our utility segment, strong activity levels across our transport and midstream businesses, and the commissioning of new capital projects in our data segment.”
“We expect to generate revenues of between $775 and $835 million, compared to $736.8 million in the third quarter of 2025, which at the midpoint of our guidance would represent just over 9% revenue growth for the third quarter and 19% revenue growth for the first nine months of the year.”
“revenue was $27.6 million, which was 57% higher year-over-year, driven by revenue from Embedded as well as solid demand in the Core business with unit sales up 23%.”
“In full service, we expect reported revenue to grow in the range of 2.5%-3% on enrollment gains and tuition increases, offset by approximately 200 basis points of headwind from net center closings and approximately 100 basis points of headwind from Australia.”
“Because as we can all appreciate, the pricing cost dynamic was a little bit still challenging in Q2, not as maybe big of a percentage, but Q2 had some pricing pressures as well, heading into the next quarter in terms of bookings.”
“Because as we can all appreciate, the pricing cost dynamic was a little bit still challenging in Q2, not as maybe big of a percentage, but Q2 had some pricing pressures as well, heading into the next quarter in terms of bookings.”
“Organic revenue growth was 8% for the quarter, with discrete, process, and enterprise growth verticals all up double digits, reflecting a broad improvement in our industrial markets and our AI infrastructure strategy gaining traction with customers.”
“As year-over-year tariff costs reverse and elevated product spend normalizes in the back half of the year, we anticipate significant margin expansion in the second half of the year, resulting in full year margin growth of more than 100 basis points for the Propulsion segment.”
“Looking ahead, we expect cost of risk to continue improving and converge toward full-year guidance of below 250 basis points, supported by solid underlying trends in Peru and Colombia, as well as a gradual improvement in asset quality metrics in Argentina following the tightening of our risk appetite since late 2025.”
“Our net interest margin expanded by three basis points to 381 basis points, benefiting from a higher yield on earning assets and continued improvement in funding costs.”
“First, revenue for the second quarter of 2026 exceeded revenue for the same period in 2025 by 13%, and our gross margin improved by 781 basis points.”
“In addition, reported sales are expected to include a headwind of approximately $25 million from MSA revenues from Vantive, representing approximately 30 basis points of impact on reported growth.”
“The top five customers generated approximately 30% of total revenue, and no customers are over the 10% level.”
“I'll wrap up with our loan pipeline growth outlook.”
“Overall, we're well on our way to executing our capital plan for 2026 and achieving our target of 2% customer growth.”
“This full-year earnings growth is driven by benefits of organic growth, which is primarily volume mix driven, a largely neutral impact from customer inventory management for the full year, productivity actions, including restructuring benefits of more than $60 million, offsetting headwinds from wage inflation, and the normalization of 2025 temporary savings, which are largely incentive compensation related in a net benefit of approximately $0.30 from combined currency, share count, interest, and tax.”
“The decline reflects the transition to EAF-only steel making and our deliberate pivot towards the Canadian plate market, and shipments were slightly above the high end of our guidance range of 175,000 tons-180,000 tons.”
“Adjusted EBITDA margins are now expected to be 40.4%, up from 38.8% previously, representing an additional 160 basis points of margin expansion compared to the prior guidance.”
“Third, the remaining $105 million of margin improvements through 2028 will primarily come through optimizing our natural gas firm transportation portfolio and increasing dry gas development.”
“As a reminder, these targets include the following: $10 billion+ in net revenues by 2028, supported by consistent mid-single-digit organic growth and accretive M&A; 16%+ adjusted EBITDA margin by 2028; 60%+ of our revenues from inspection, service, and monitoring over the long term; and $3 billion+ of cumulative adjusted free cash flow through 2028.”
“We saw a 2% headwind from helium this quarter, which was better than our guidance of 3%, driven by improved volume and pricing in Asia, supporting our electronic customers, partially offset by lower base volume in the Americas.”
“Specifically for the Q3, I mentioned that the North America margins will be similar to Q1, and that's more reflective of the fact that, as you think about the demand that we saw move into the Q2 compared to the Q3, that's going to have a bit of some volume pressure there, and the fact that we're going to have some of that price kind of build over the quarter as those new effective price increases come into effect.”
“We continue to see strong customer response with over 80% growth in growth sales and units sold quarter-over-quarter, and we served over 60% more customers quarter-over-quarter.”
“Moving on to AvKARE, where second quarter revenue was $157 million, down 4%, similar to the first quarter, as growth in the government channel was offset by the low margin distribution business as we expected.”
“Net performance fee earnings of $10 million in the second quarter were at the high end of our guidance range and increased $5 million from the prior year period.”
“Moving to adjusted operating income, we are increasing our full-year AOI outlook to reflect our increased revenue expectations, partly offset by additional programming expenses related to "The Walking Dead" license agreement, and now anticipate AOI in the range of $410 million-$420 million for the full year.”
“Looking ahead to the third quarter, we expect high single-digit sequential EBITDA growth in Q3 driven by increased volumes, which keeps us on track to achieve our full year EBITDA guidance.”
“Turning to page 26, our 2026 guidance framework has improved and reflects continued disciplined growth, stable core margin trends, and positive operating leverage.”
“We are also updating our guidance for collaboration and royalty revenues to a revised range of $575 million-$625 million, representing a $150 million increase at the midpoint of the range, driven primarily by strong performance of LEQVIO and the resulting royalties from Novartis, as well as higher cost reimbursement from Roche favorably impacting collaboration revenue, driven by the pace of enrollment in our ZENITH phase III study with zilebesiran.”
“For the full year 2026, we expect health plan membership to be between 298,000 and 301,000 members, revenue to be in the range of $5.20 billion-$5.23 billion, adjusted gross profit to be between $630 million-$650 million, and Adjusted EBITDA to be in the range of $145 million-$163 million.”
“We estimate that our weighted average diluted share count will be 188 million shares, as a result, we expect Non-GAAP EPS to be between $0.23-$0.26 per share, with the midpoint of this range implying an 88% year-over-year increase.”
“Our Risk Management segment, Gallagher Bassett, posted revenue growth of 16%, which includes organic of 12%, driven by excellent new business and strong client retention.”
“Beyond 2027, we anticipate continued growth in this segment that is more market-driven rather than policy-driven, as the underlying driver remains an increasing surge in power demand, requiring significant new power generation capacity.”
“Finally, we ended the quarter with approximately $1 billion in cash equivalents, and marketable securities, providing financial flexibility to support both commercial growth and pipeline progression.”
“We expect continued free cash flow generation through the remainder of the year, with significant growth starting in 2027 while continuing to self-fund our organic growth plans.”
“We now expect the small ag spec segment to be down 0%-5% compared to 2025, reflecting a more measured outlook from the rural lifestyle customers as higher financing costs and broader economic uncertainty weigh on discretionary equipment purchases.”
“Big revenue number, $416 million, up 53% year-over-year, 3.8 million ounces of silver produced in the quarter, bringing our H1 production numbers up to 7.3 million ounces, which is basically 50% of our revised guidance that we put out in July, which is obviously, as you probably know, about a 10% increase from our guidance that we put out in January.”
“I also remain committed to supporting strong investment-grade credit metrics, including our targeted FFO to debt ratio of 14%-15% as we move through this incredible period of growth that's expected to last well into the next decade.”
“We expect adjusted EPS to also grow 2%, with the improvement a result of the timing of share repurchases.”
“Agency leverage increased from 7.8 times to 8.3 times this quarter, consistent with the range we target in managing the portfolio.”
“On administrative expenses, it is important to remember that the effect of lower volumes in 2025 impacted our bonus accruals in the second half of last year, creating a potentially tougher comparison base going forward.”
“The dynamics Tim mentioned, combined with the foreign exchange impact I mentioned earlier sequentially, is really what's built into the 9%-11% guidance we're giving for the September total company revenue year-over-year growth rate.”
“Assuming revenue mix and levels similar to Q2 2026, contractual allocations would imply a full year 2026 variable compensation ratio of approximately 38%-42%.”
“The highlight to point out in our outlook is the increase in our anticipated EBITDA margins and free cash flow, which at the midpoint equates to 140 basis points of margin expansion year-over-year.”
“Aerospace sales growth between 21% and 23%, with margins of approximately 23.5%, the top end of our previous range.”
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This is a transcript-only, historically incomplete publication. Releases, filings, slides, consensus and price reaction are visibly marked as not joined; lower-evidence packets remain held instead of being inferred.这是仅基于电话会文本且历史覆盖尚不完整的发布。新闻稿、披露文件、演示材料、一致预期和股价反应均明确标注为未接入；证据不足的数据包会被暂缓，而非由推断补齐。