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 3361–3456 of 5581.显示第 3361–3456 条，共 5581 条。
“This gives us greater visibility and added confidence in our 2026 trajectory, and combined with the unified DOCSIS 4.0 ramps, large customer deployment plans, and accelerating Rest-of-Market adoption, will help drive strong broadband revenue growth throughout the course of this year.”
“While we expect to be positioned to return to net income profitability in 2027, our primary focus will be on driving strong growth and cash flow generation.”
“Over the course of 2026, we expect $22 million-$26 million in new bookings, which includes all ARR and non-recurring revenue.”
“Today, my presentation will address how our strategy will deliver durable value for investors during our current guidance period of 2026-2028, continue to compound value in the 2029 plus timeframe, and deploy robust free cash flow judiciously over the short and the long term.”
“Q1 GAAP revenue was $310 million, up 1.5% year-over-year, adjusted operating income was $110 million, a margin of 35%, with both revenue and AOI coming in above the high end of the guidance ranges we provided.”
“Turning to our financial results, revenue in Q1 2026 was $99 million, within our guidance range and compared to $134 million in the prior year period.”
“Adjusted EBITDA margin was 27.2% compared to 31.3% in Q1 2025, primarily due to higher costs of revenue and SG&A impacts, which we expect to normalize over the balance of the year, with our adjusted EBITDA margins expected to return to our typical approximate 30% range.”
“The name specific credit events, which include several 2021 and 2022 vintage loans, are being impacted by the combination of the lingering effects of the higher inflationary and higher interest rate environment, which reduced free cash flow levels for many companies and created issues specific to certain portfolio companies, including labor rates and changing customer behavior.”
“Cable distribution revenue grew 5% over the prior year quarter as pricing gains outpaced the impact from net subscriber declines, which remained stable at under 6.5% across our third-party distributors before taking into account a meaningful positive contribution from Fox One.”
“Cable distribution revenue grew 5% over the prior year quarter as pricing gains outpaced the impact from net subscriber declines, which remained stable at under 6.5% across our third-party distributors before taking into account a meaningful positive contribution from Fox One.”
“Revenue increased 25% year-over-year, well above the high end of our quarterly guidance range, and contribution ex-TAC increased 18% year-over-year above the midpoint of our quarterly guidance range.”
“Overall, we're very pleased with the quarter in terms of the year-over-year growth sales, and we continue to take a very pragmatic approach on how we're scaling in to very particular customers that we're targeting to be our base over the next decade.”
“Overall, while the unfavorable supply dynamic and recent developments in the Middle East are impacting our cost base, we remain confident positive demand trends combined with strategic investments and cost-saving initiatives will lead to improved profitability on a full-year basis.”
“This outlook reflects our strategic shift towards recurring subscription revenue and long-term margin expansion, consistent with the plan we communicated on our Q4 2025 call.”
“Gross profit and adjusted gross profit in the first quarter were CAD 19.2 million, representing a 39% year-over-year growth from Q1 2025's adjusted gross profit.”
“You know, you can really think about Circle as a founding creator and stakeholder, and we will get, as Jeremy alluded to in his comments about guidance, you know, we do expect to see, you know, significant impacts for us on revenue and our margin structure and EBITDA, and we will talk more about that on our next earnings call.”
“Finally, our full year guidance continues to reflect approximately $50 million of Project Gravity value capture, including roughly $30 million of incremental benefit in 2026, reinforcing continued progress against our cost and margin objectives.”
“The cost of restaurant revenues decreased by just over $7 million on the lower top-line volume I discussed a moment ago.”
“In particular, free cash flow, more or less tripled from $4 million to $12 million in the quarter.”
“Our Bitcoin production for the current quarter decreased approximately 7% year-over-year due to difficulty, but we saw lower power prices of $0.052 per kWh compared to $0.06 in the same period last year, which helped margins in this lower Bitcoin price environment.”
“On the Wi-Fi, Yaniv can point more into the specific numbers, but we're extremely encouraged with the ramp that we've seen first through all 2025 and now continuing and even more in Q1 2026, where we reach all record high volume this quarter, and we expect that to continue with a very nice ramp moving so-called from the more legacy Wi-Fi into Wi-Fi 6.”
“With that in mind, we are updating our full year 2026 guidance to reflect the divestiture as follows: We now expect 2026 reported full year revenue to be in the range of $395 million-$405 million, including the $18 million I just referenced related to the divested business.”
“Much like the strong EPS growth, we see similar growth in our free cash flow outlook with the 2026, 2027 period producing a forecasted $8.4 billion and the 2028, 2029 period rising to $11.5 billion-$13 billion before the levers I just mentioned.”
“We also delivered 87% gross margin and expect to maintain growth margin in the high 80s range throughout 2026.”
“Breaking down each revenue line, advertising revenue declined 19.8% year-over-year to $17.1 million.”
“The impact of AI data center growth on B&W is truly profound as we added over $2 billion in additional AI data center opportunities in our pipeline from hyperscalers and utility customers.”
“Finally, on efficiency and distribution with our low cost to serve decoupled from linear headcount growth, our flat operating costs against growing volume converts to operating leverage, which our partner networks, whose aggregate reach extends to hundreds of millions of users, subject to definitive partner agreements and product launches.”
“Consistent with the first quarter, we anticipate continued increases in operating expenses for 2026, reflecting increased investment in our clinical operations, particularly for the pivotal FORTIFY-HN01 study with the interim analysis expected in mid-2027 and parallel study, as well as an increase in SG&A as we invest in early commercial and medical infrastructure to support the potential launch of FICERA.”
“This improvement was due to an increase in both baseball and mixed-use development revenue, partially offset by an increase in baseball operating costs, including increased player salaries and variable stadium operating expenses due to the increase in regular season home games in Q1 2026 versus the same period last year, and an increase in mixed-use development operating expenses due to the Pennant Park acquisition.”
“This improvement was due to an increase in both baseball and mixed-use development revenue, partially offset by an increase in baseball operating costs, including increased player salaries and variable stadium operating expenses due to the increase in regular season home games in Q1 2026 versus the same period last year, and an increase in mixed-use development operating expenses due to the Pennant Park acquisition.”
“The combination of volume, cost discipline and favorable realized pricing drove a substantial increase in earnings and cash flow, which has meant that today we announced a quarterly dividend of $0.175 per share and a $3 billion share buyback.”
“Our Q1 2026 adjusted operating expenses, excluding adjusted cost of revenues, were $79.8 million compared to $66.8 million in Q4 2025, which is within the $70 million-$80 million guidance for adjusted operating expenses previously provided.”
“Targeting organic revenue of $890 million-$925 million by 2029, representing an 8%-9% revenue CAGR with Adjusted EBITDA margins of 20%-21%.”
“With respect to research fee revenue, as we have indicated in the past, we expect this to generally trend lower as we focus on our internal pipeline.”
“Please note that in 2026, we expect our conversion rate of adjusted EBITDA to free cash flow to be negatively impacted by certain professional fees and taxes associated with the sale of connectivity.”
“Demand response proceeds, recorded as a reduction in the cost of revenue, increased to $14.1 million in Q1 from $4.4 million in Q4.”
“That's toward the higher end of guidance and flat with the fourth quarter of 2025, despite some adverse weather impacts in early 2026.”
“With the strength of our production guidance outlined by Wes, we believe we are well-positioned to generate strong operating cash flow through 2028 under base case commodity price assumptions, supporting accelerated debt repayment over a relatively short period of time while continuing to build and grow our already strong capacity to fund existing commitments and potential future stream acquisitions.”
“Mt Todd project-related recurring costs increased by about $100,000 due to addition of project management team members and higher power costs due to water management pumping requirements.”
“With that backdrop in mind, we are raising our full year guidance and anticipate the following: for the second quarter of fiscal 2026, net sales of $385 million-$395 million, adjusted gross profit margin of approximately 39.9% of net sales.”
“As noted on slide 17, cash site rental revenue in Q1 increased 55% year-over-year from all customers, and when normalized for DISH impact, this increase was 64%.”
“These accretive financings, combined with the ramp in transaction volume, builds the foundation for the earnings power embedded in this platform and paves the way to overcoming the $0.03 of dilution that we recognized this quarter.”
“Despite lower revenue and ongoing foreign exchange headwinds, gross margin expanded to 16.5%, supported by restructuring savings, recoveries tied to canceled customer programs, and continued operational focus.”
“We expect our overall gross written premium growth to be between 5%-10% for the full year, with strong growth in insurance and services.”
“By, you know, what Richard was mentioning, by the end of this year, we see that the egress will then be, kind of tapped and then these expansions are being contemplated to address the outlook, which is, again, if you add up, you know, what we're hearing from customers, it may not be a 3% growth CAGR, but even a 2% growth CAGR is kind of what we've been hearing.”
“I think the $300 million cash flow target for 2027 which came out prior to these price increases across all three of your regions.”
“In 2026, one of our main challenges is the implementation of the new regulatory accounting principles, including the new RAB methodology, which we expect to conclude by year-end.”
“I'd like to begin by thanking our approximately 7,000 employees for their hard work and excellence in achieving a great second quarter, exceeding profitability expectations and growing backlog, which allows us to meaningfully raise our outlook for FY 2026.”
“As shown on slide 16, our book value per share, excluding AOCI and impacts from DIG B36 embedded derivatives, increased to $167.92, representing a compounded annual growth rate of 9.9% since the beginning of 2021.”
“The hotel's occupancy increased 5% year-over-year to 46%, marking steady progress towards our 60% target.”
“Our interest income for the 12-month period ending March 2026 was 92% of total investment income, reflecting a strong recurring revenue profile of our business.”
“We also continue to target annual dividend growth of 4%-6%, along with strong credit metrics throughout our plan period, which support a very compelling risk-adjusted total return for our share owners.”
“Based upon the current market environment, we expect this ramp to occur over the next 12-18 months while maintaining our disciplined underwriting standards.”
“Looking at quarter-over-quarter results by division, the major factors impacting the quarter in pipelines included lower net revenue on the Alliance Pipeline of CAD 26 million due to the net effect of the negotiated settlement between Alliance and its shippers, which became effective on November 1, 2025, partially offset by an increase in interruptible and seasonal revenue on the Alliance Pipeline, driven by higher demand for natural gas in the U.S.”
“For 2026, we expect to generate approximately $1.85 billion of adjusted free cash flow, excluding changes in assets and liabilities and excluding sales proceeds from the NGL divestiture.”
“Lower sales volume, higher manufacturing overhead costs, partly reflecting our investments in Pierce facilities and adverse sales mix were partially offset by favorable price cost dynamics, resulting in an adjusted operating income of $94 million and a margin of 11.4% for the quarter.”
“During the first quarter, our Epoxy business returned to profitability, and we saw early signs of demand growth for Winchester commercial ammunition.”
“We estimate the gross impact of incremental tariffs reduced our operating profit by 4% and was a 90 basis point headwind to our operating margin.”
“On balance, while AI introduces the potential for disruption, we expect its impact to be more gradual, with effects likely to manifest through sorting rather than wholesale displacement.”
“We are pleased with our performance in the first quarter, particularly given the backdrop of significant economic and geopolitical uncertainties, which resulted in DNII before taxes per share in line with our expectations and prior guidance and strong investment activity in our lower middle market investment strategy following our very strong investment activity in the fourth quarter of 2025, resulting in significant growth of our lower middle market investment portfolio over the last 2 quarters.”
“The net result is that even with revenue down a touch, we delivered net income growth of about 6% and EPS growth of around 12%, a function of slightly stronger gross margins, lower SG&A, and a lower effective tax rate.”
“As we expected, the gains came from market share growth of about 9% and customer inventory build added about 6%, while organic volumes were mostly flat.”
“To put this in context, from full year 2023 to full year 2025, we improved the combined ratio from 105 to 75, grew direct premiums written by nearly 40%, built a balance sheet with no long-term debt, and positioned the company for its next phase of growth.”
“With the seasonal impact of Fuel Specialties in Q2 dropping off a little bit and some tightening of gross margins, we expect operating income to be in that sort of low $32 million-$33 million in the second quarter.”
“This coming year, as you look out to 2027, you know, you don't have to expect that growth, that, you know, revenue line rebounds back up to $40 million nearly to see us getting back to a much better, you know, growth number that's in the high single digits in line with our longer guidance.”
“Our personal residential in-force premium grew 1.4% over the prior year quarter, while our commercial residential in-force premium declined 7.8% as we continue to see competitive pricing pressure in the Florida commercial market.”
“By the end of our current multi-year rate period, we'll have provided more than $100 million in revenue requirement reductions to customers.”
“Our remaining undistributed taxable net income as of March 31st, 2026, was approximately $94 million or $0.84 on a per share basis, providing meaningful cushion to support our dividend going forward.”
“Global billings of $383 million declined 1% year-over-year, slightly below our guidance.”
“Production ad valorem taxes were $8.2 million for the quarter, or 6.4% of oil and natural gas sales, which is in line with our guidance of 6%-7% of revenue.”
“With these recent awards and the study work that we already have in-house, we're executing front-end work representing over $60 billion of revenue on potential backlog if clients choose to move forward on these projects with Fluor.”
“Pro forma EBITDA grew 9.4%, with margins up 87 basis points year-on-year, ahead of our outlook of 35 basis points-55 basis points.”
“Growth versus last year was driven by a combination of revenue growth from both higher volumes and rates, as well as reduced expenses as a result of the initial impact of a large set of cost savings initiatives, which we started to implement in Q1.”
“Traffic increased by 8.2% in the first quarter of 2026, driven by the continued use of targeted driving offers, as well as an increase in mobility and rush hour commuting from a higher percentage of on-site employees.”
“A $5.4 million increase from Q4, primarily driven by a $1.4 million increase in interest income driven by increased average debt investments outstanding, and a $4.1 million increase in fee income due to a $6.9 million fee related to the refinancing of our debt investments in American All Waste, partially offset by lower origination and prepayment fees from investment activity.”
“Combined, we expect that the near-term earnings impact will be immaterial, while over the longer term, growing income and the capital benefits of rating agency diversification will be key drivers in generating shareholder value.”
“We have also sanctioned an expansion of the Vector pipeline for just over CAD 100 million, adding 400 MMCF per day of westbound capacity to serve growing local utility demand and targeted for in-service in 2028.”
“Adjusted EBIT was $38 million with a positive 17% of margin, driven by higher KC-390 revenue recognition, increased A-29 production, and positive one-time items.”
“In the first quarter, our teams safely executed more than CAD 870 million of customer-focused capital investment, keeping us firmly on track to deliver our CAD 4 billion capital plan for 2026, supporting our targeted 7% to 8% rate base growth.”
“We expect our absolute production cost to be higher in the second quarter, in line with the additional sales volume and on a per BOE expense to be in the range of $26-$31 per NRI BOE.”
“We expect additional cohorts in the 12-week dose group because the PK projections do support additional dose levels within the non-clinical safety exposures.”
“At Investor Day, we laid out a path to a $55 billion-$80 billion gross revenue opportunity by 2030, along with at least a 30% long-term adjusted EBITDA margin.”
“The company is now targeting sales of $10.3 billion-$10.8 billion, adjusted EBITDA range of approximately $1.3 billion-$1.425 billion, and adjusted free cash flow of approximately $235 million-$325 million.”
“The results of the hard work and sacrifice of an extraordinary team produced year-over-year FFO per share growth of 14%, a 16.4% increase to the dividend, an upgrade to investment grade by Moody's, and a raise to our FFO per share guidance for the year that at the midpoint would be 14.8% higher than 2025.”
“China increased the volumes from Argentina from 400,000 tons, it's going to 500,000 tons.”
“Given the strong start to the year, we are revising our 2026 guidance, including increasing the low and high end of our revenue target range by $25 million-$2.275 billion-$2.375 billion.”
“As we've routinely said, we expect the site to produce $30 million-$50 million of annual EBITDA range in a normal environment, and we look forward to the opportunity at hand as these stronger margin environment.”
“We did discuss that in our Cemig Day because we did have a development of our margins in 2022 that would be the lower margin of our history, and it's going to recover in the future.”
“First, discount rates used to net present value our assets increased by nearly 50 basis points, accounting for about half of the negative impact.”
“With the depth and quality of our inventory, we are targeting 6%-8% annual production growth through 2028, up from the prior midpoint of 4% while maintaining a net cash position throughout the period.”
“Performance at our advanced energy storage operations was supported by the ongoing mix shift towards higher margin advanced batteries, partially offset by the impact of slightly lower overall volume.”
“We ended the first quarter with a net leverage ratio, which is defined as regulatory leverage, net unrestricted cash and net unsettled transactions at 1.17 times at quarter end, which is squarely within our target range of 0.9 to 1.25 times.”
“In the quarter, we generated 7% sales growth year-over-year, supported by improvements in chemical intermediates volume and plant nutrients market pricing, partially offsetting the margin impacts driven by increased sulfur and natural gas costs.”
“On the near-term financing front, we expect to refinance the Algonquin unsecured notes due in June of this year by raising approximately $1.15 billion at LUCO through a 144A bond issuance, as discussed on our prior earnings call.”
“Our initial guidance, which we issued in January, included Cortrophin at $540 million-$575 million, ILUVIEN at $78 million-$83 million, revenues from the out-licensing agreement, gross margin at 59.3%-60.3%, and adjusted EBITDA at $275 million-$290 million.”
“Given this, since we expect improved operational performance in both coal volumes and cost of coal sales for the balance of 2026, we believe it is still possible to finish the year within the top end of our existing cost guidance range of $95 to $101 per ton.”
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