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649 verified call records份已核验电话会记录 · 7788 exact facts条精确事实 · 2026-10-26 → 2026-11-01
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 3073–3168 of 6702.显示第 3073–3168 条，共 6702 条。
“Adjusted operating income was $75 million for the quarter versus $105 million in the second quarter of 2025, primarily reflecting tighter margins along with softer demand within our car hauling equipment business.”
“Adjusted EBIT margin was 50 basis points higher than the same period last year, and adjusted EBITDA increased from EUR 853 million-EUR 880 million, although adjusted EBITDA margin was impacted by TSAs and our acquisition in India.”
“For the quarter, net income attributable to our shareholders was $7.4 million, or $0.31 per diluted share, compared to $11.1 million or $0.46 per share in the prior year quarter, with the prior year quarter including $5.9 million of higher gains on equity investments compared to the current quarter, and the current quarter including a significant amount of additional credit loss provisions tied to the growth we experienced when compared to a year ago, as we just previously discussed.”
“We expect full year 2026 SG&A expenses to increase compared to 2025 with the annualization of the Endo sales force as we continue to support the launch of Rezdiffra and build the foundation for long-term growth.”
“When comparing our RevPAR results to comparable upper upscale hotels throughout the U.S., the upper upscale segment experienced RevPAR growth of 5.7% during our second quarter compared to the second quarter of 2025, indicating that our hotels outperformed the industry by 8.2 percentage points and outperformed the industry by approximately 3.9 percentage points when adjusting for the estimated impact of the Hilton Milwaukee renovation.”
“Yeah, I just wanted to, obviously, Q2 resi margin, I think, was a bit better than most expected, despite the volume pressure.”
“As we look to the full year of 2026, we expect net revenue growth to be at the high end of low double digits range on a currency neutral basis, excluding inorganic activity.”
“When fully operational, we expect to generate between $25 million and $30 million of annual earnings and cash flow, net of any operating costs associated with CCS operations.”
“In April, we closed on sale-leaseback transactions that generated approximately $200 million of sale-leaseback proceeds, and we expect to complete approximately $400 million for the full-year, supporting our ongoing focus on generating annual positive free cash flow.”
“Total revenue grew 17% to $322.7 million, exceeding our outlook for organic growth of 10%-14%, driven by growth in high GTV customer locations, higher software ARPU, and increased year-over-year payments penetration.”
“As for our Q2 financial results, the combination of organic growth and expense discipline led to an adjusted pre-tax margin of approximately 39.3% and record adjusted EPS of $5.84.”
“I realize that all of these changes need to be pushed through your model, but the result should be adjusted EPS that is $0.03 above consensus estimates in the second half of 2026, when the impact of the $1 million in revenue that was recognized in the second quarter instead of the third is considered, and $0.14 above consensus estimates for the full year of 2026.”
“RILA sales rose 10% year-over-year, a more measured increase than we generated in the first quarter as we prioritize profitability over volume in a competitive market.”
“Specialty organic revenue increased 4.5%, and segment EBITDA was $33 million with an EBITDA margin of 6.7%.”
“We delivered organic revenue growth of 3.6%, consisting of 1.8% volume growth and 1.8% favorable price mix, which was largely driven by higher tests per session.”
“We now expect International Welding's margin performance to be in the 10%-11% range for the full year as EMEA demand trends and operating efficiency will remain challenged.”
“As a result, we are raising our full year 2026 outlook at the midpoint by $28 million for revenue, $8 million for adjusted EBITDA, and $0.03 per share for adjusted earnings per share.”
“We remain cautiously optimistic, however, about our growth outlook for the H2 of the year.”
“As a reminder, our 90 basis point bad debt assumption applies to the full year and reflects a blend of actual bad debt incurred during the first half of the year and an assumed bad debt rate of 100 basis points of revenue for the second half of the year.”
“If you could speak to the pipeline of new distribution platforms and how it informs the outlook for retail flows over the next six to 12 months, that would be great.”
“Paracatu remains on track to meet its guidance of 600,000 ounces at a target cost of sales, $1,240 per ounce.”
“We continue to win in the market, build backlog across both businesses, and deliver solid performance, with year-to-date adjusted EBITDA margin of 13%, keeping us on track for another strong year.”
“Considering the strength of our cash flow to date, business mix, and ongoing initiatives to improve capital efficiency, our free cash flow conversion ratio is trending comfortably above our long-term average of over 80% for the full year.”
“In the second quarter, our box volumes in North America increased 1.7% year-over-year on a daily basis, and we expect to outpace the industry by approximately 2% for the full year.”
“Combined with our first quarter activity, this pace of dispositions has run well ahead of our original expectations, which is why we increased our full-year disposition guidance for wholly-owned homes by $300 million at the midpoint to $850 million.”
“Back in April, we discussed for our guidance for Q2 that we expected a combined benefit to net sales of approximately 2%-3% from various factors related to supply constraints, including increased average selling prices and pull forward of orders ahead of ASP hikes, offset partially by longer lead times to get product and some demand elasticity brought on by price increases.”
“In looking at the Q2, we've added 377,000 mobile primary customers, bringing our growth in the last 12 months to over one million, ahead of the target set at our Capital Markets Day in June 2024.”
“We now expect full-year loan growth of approximately 4%-6%, reflecting elevated early payoffs, lighter first-half small business production, and as secondary market premiums remain attractive, lower retention of guaranteed SBA balances with stronger pipelines expected to support growth in the second half of the year.”
“The impact of this activity is an increase of $8.2 million in annualized rental revenue, of which 70% has not yet been realized and will take effect in the second half of 2026 or in 2027.”
“Moving to Q3 2026 guidance, we expect rest of world organic revenue growth of approximately 4.5% and reported revenue of $1.14 billion-$1.16 billion, non-GAAP EPS of $1.33-$1.38, and non-GAAP operating margin of approximately 24%.”
“Based only on existing contracts, we expect adjusted EBITDA margin of about 57% and non-GAAP diluted earnings per share of $1.94 to $2.13.”
“Elevated pass-through contribution impacted margins during the quarter and may continue to do so in the back half of the year as therapeutic mix and site location dynamics increase the volume of pass-through dollars that we expect to burn on certain studies.”
“Given our strong free cash flow generation, we've elected to pull forward some of our originally planned 2027 CapEx into 2026, and we now anticipate full-year CapEx of approximately $850 million.”
“Additional volume improves utilization of our existing asset base and drives further operating leverage, supporting margin expansion and the path to 18% operating margin before the end of the decade.”
“For the third quarter, we expect our core yield to be in the range of 11.8%-12%, reflecting the continued but increasingly muted impact of the 2025 rate reductions and the current portfolio turnover.”
“In 2026, we expect stronger organic revenue growth in the back half and solid year-over-year margin expansion in legacy Workplace while we continue to invest to drive future growth.”
“Getting to North America, 3.1% growth with 2% volume.”
“Gross written premium to more than $2.5 billion, a 25% increase over our prior target, representing a 32% compounded annual growth rate and adjusted net income of more than $140 million in 2028, doubling our current year, 2026, guidance.”
“Given this momentum and our plans to deliver five ships over the next year, we are raising our 2026 shipbuilding revenue guidance to between $10.2 billion and $10.4 billion, and our 2026 shipbuilding margin guidance to between 6% and 6.5%.”
“We remain committed to capital returns as a primary use of our free cash flow in 2026, and we remain on track to continue repurchasing our shares at a pace of approximately $150 million per quarter, subject to the repurchase activity not increasing our net leverage for the full year.”
“We are maintaining our gross fees outlook for the full year and expect fees to grow between 9%-11% in the range of $1.305 billion-$1.335 billion, reflecting continued growth across our asset-light platform, despite temporary hotel closures in Jamaica and softer performance in Mexico and the Middle East.”
“With our performance in the first half of the year, cap balance, and project opportunities ahead of us, we are increasing our revenue guidance to a range of $5.3 billion-$5.5 billion, from a range of $5.2 billion-$5.4 billion.”
“For the upcoming second quarter, we expect net revenues in the range of $5.7 million-$6.5 million, with gross margin of approximately 53%-55%.”
“As Green Brick Mortgage continues to expand its service, we anticipate by year-end its capture rate will exceed 70%, which should generate additional revenue as we increase the number of loans funded through our mortgage company.”
“Same-store customer pay and warranty revenues increased approximately 4% and 1% respectively, with corresponding gross profit improvement of approximately 3% and 4%.”
“We've identified three key priorities for fiscal 2027 to continue strengthening our year-round relevance with consumers while driving sustainable growth and profitability.”
“We believe that our updated 2026 guidance for adjusted operating margin of approximately 21.8% and adjusted EPS of $4.65-$4.75 reflects the underlying earnings power of our combined business as we exit 2026.”
“Excluding the impact of these exogenous factors and M&A, underlying consolidated Q2 margins were up 125 basis points from the prior year, despite the mix impact of the lower high-margin landfill volumes and the 40 basis point margin headwind from the recognition of certain rebates in the prior year quarter that we previewed on the Q1 call.”
“We are projecting a Normalized EBITDA margin of approximately 33% for Q3 and reaffirm our full year margin target of over 33%, reflecting continued operating leverage and AI-driven productivity alongside rising investments in AI products, platform marketing, and compute.”
“For Surface Technologies, we anticipate revenue to increase mid to high single digits sequentially, with an adjusted EBITDA margin of approximately 17.5%.”
“Just as a quick summary, as our aerospace products business continues to benefit from a supply-constrained environment, we make further strides to an asset-light model and FTAI Power advances, we remain confident in both our 2026 and 2027 outlook, including our free cash flow expectations.”
“In summary, in what is typically a seasonably strong period, our businesses were able to deliver 19% year-over-year net sales growth, 21% operating income improvement, an 18% increase in orders, gross margin expansion, and a 60-basis-point improvement in Adjusted EBITDA margin during the record-setting second quarter.”
“With that said, our guidance now assumes a net tariff impact of $60 million-$80 million, with updates including the previously mentioned net IEEPA recovery and the assumption of Section 301 tariffs in the second half of the year.”
“Net interest income was $63.1 million, up 6% from last quarter, and our net interest margin expanded by nine basis points this quarter as our asset mix improved, loan yields increased modestly, and cost of funds moved lower.”
“As we look to drive sales in what we expect will remain a challenging demand environment through the second half of 2026, our marketing strategy is focused on reaching high-intent customers at key decision points in their purchase journey through more targeted, higher return tactics.”
“Based on our free cash flow guidance, together with proceeds from the India sale, Delaware site sale leaseback, and the Tessenderlo equity investment, and after reflecting dividends, financing fees, and transaction costs, we expect to end 2026 with net debt of approximately $2.6 billion.”
“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.”
“Looking ahead to the second half of 2026 and beyond, we expect our operating model, robust capital allocation, strong execution, and financial flexibility to drive continued growth, generating long-term value for our shareholders.”
“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.”
“Three loans with a combined UPB of $372 million were downgraded from risk rating 4 to 5, primarily due to price discovery in our lender-driven sales processes.”
“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.”
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