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 3745–3840 of 6702.显示第 3745–3840 条，共 6702 条。
“Bulk supply in the second quarter decreased modestly from Q1, though we expect supply to remain healthy throughout the balance of the year given ongoing originator profitability constraints and industry consolidation.”
“Year to date, we grew our fully taxable equivalent pre-provision net revenue by 23% over the same period last year, generated a record level of loan production, and maintained a top quartile net interest margin.”
“The pace of loan growth continues to be aligned with our guidance of $1 billion in growth for the year.”
“The big step change in those investments have largely happened, and what we expect into the second half into 2027 is a more moderate rate of OpEx growth, and we should therefore be able to achieve some operating leverage on the EBITDA margin as revenues grow.”
“As a reminder, we continue to expect $0.40 per year of dividends to be covered by our annual distributable earnings before realized losses as we execute our business plan.”
“The Logistics segment grew revenue 8.9% year-over-year, driven by a 29.6% increase in revenue per load, partially offset by a 16.4% decline in load count as we maintain a disciplined approach to profitability and carrier quality.”
“When we look at the guidance in the second half, I think prudently, when we're looking at 6%-8%, 6% being the anchor, 8% approaching double digits in the second half, we've got TP down low single digits to mid-single digits overall because we're going to look at that as a 2027 growth vector opportunity for us.”
“In terms of thinking about cash flows for the rest of the year and what that'll look like, I think from our perspective, the modeling continues to hinge upon the overall guidance we give on our cost structure, which is cost of sales at 86%, SG&A in the short term at 9.5%-10.5%, so call it 10% at the midpoint, which leads you to a 4% pre-tax margin.”
“Previously, I know we've given guidance around the 60-85 basis points, just to round out Mark's comments there, our more updated view, which is reflective in the full year revenue update, is 70-100 basis points total written premium for contingent commissions on the year.”
“Given the strength we've seen in orders and resulting down payments, in addition to the higher Adjusted EBITDA, we're increasing our 2026 free cash flow guidance to between $11.5 billion and $12.5 billion, up from $6.5 billion-$7.5 billion.”
“Through these two acquisitions, we expect to add approximately 8% in earnings per share accretion with no impact to tangible book value.”
“That said, we're sustaining our loan growth guidance target of 3%-5% for the year, obviously looking forward to achieve that in the second half of the year.”
“At your 40% risk case, how early would you expect prices to react to this increased demand?”
“Internationally, we took the final investment decision for the Greater PAJ project in Angola, where we expect to generate more than $50 per bbl in cash flow from operations.”
“We now expect full-year revenue growth in the mid to high single digits, operating margin expansion of greater than 350 basis points, and free cash flow growth of greater than 80%.”
“For the third quarter 2026, we expect the most significant driver of our adjusted home building gross margin to continue to be incentives needed to generate an acceptable sales pace, which as Rob noted earlier, we currently expect to be consistent with levels experienced in the first half of this year.”
“The higher site rental revenues are driven by a $5 million increase to other billings, resulting in 3.4% full year 2026 organic growth, excluding the impact of Sprint cancellations and DISH terminations, compared to our prior guide of 3.3%.”
“On the consumer side of North America, our high net worth personal lines business, the clear market leader in that category, had a really good quarter, with premium growth of 6% and renewal retention on an account basis of 90%.”
“We are maintaining our adjusted non-interest expense growth outlook at 3.5%-4.5%, and we now expect our effective tax rate to be between 21% and 22% for the year, reflecting our updated earnings outlook.”
“We are also introducing a fiscal year 2027 guidance range of $9.50-$10, which includes the following assumptions: No rate changes during the year, an effective tax rate of 18%-22%, expected secondary market revenues between $5 million-$7 million per quarter, and expected share repurchases of around 70%-80% of net income.”
“Volumes increased 3.1% during the quarter and were approximately flat for the full year, demonstrating that industry-wide pricing, not demand, was the primary driver of financial performance.”
“Given the higher pace of expense growth in the first half of the year, we expect to be able to hold expenses relatively flat from second quarter levels over the remainder of 2026, with positive operating leverage momentum continuing.”
“Gross margin was 40.8%, down 30 basis points from the second quarter of 2025, primarily reflecting lower sales volumes and project mix.”
“We had I think we disclosed in our Q last quarter, we had $13 million or so I think of deposit costs down and OpEx and a couple million dollar growth in that quarter-over-quarter due to volumes.”
“Mobile service revenue maintained the pace it has observed over several quarters, 6.5%, while fixed-line service revenue accelerated to 2.7% from 1.7% the prior quarter, with the downward trend in fixed-line growth coming to an end.”
“If the underlying assumptions prove to be incorrect or as a result of risks, uncertainties, and other factors, including factors discussed in the earnings release, in the comments made during today's call, and in the Risk Factors section of our Form 10-K, Form 10-Qs, and other reports and filings with the Securities and Exchange Commission.”
“The primary reasons for the increase, other than to support the exceptional growth, were salary and employee benefits expense increased by approximately $5.6 million as compared to the first quarter, due primarily to the second quarter having a full effect of annual merit increases that were effective February 1st, increased commissions to support the higher mortgage production, and $2 million impact from the BOLI-related deferred comp expense I just discussed.”
“We expect that we'll have net growth in the third quarter, certainly in the real estate space, where overall formation was about $214 million in the quarter.”
“Using 2025 as the baseline, we're targeting 7% annual sales growth, expansion of operating margins to 17%, double-digit annual EPS growth, and a return on invested capital of 21% by the end of 2029.”
“Our financial objectives of $2.5 billion in revenues at 70% gross margins supersede the $1 billion and 65% gross margin targets set in 2023, which we are on our way to achieving.”
“Our net interest margin increased three basis points to 3.68% compared to last quarter, and was up 18 basis points compared to last year.”
“Ending loan receivables grew 2% to $102 billion, reflecting the impact of higher purchase volume, partially offset by the continued effects of elevated payment rates.”
“We expect volumes and profitability from the aluminum rolling mill to increase sharply in the second half of 2026 and into 2027 as the third cold mill is brought online in the third quarter, as startup costs subside, utilization and yields improve, and scrap content increases.”
“However, near-term deposit cost pressure may reduce third quarter margin by a few basis points, which would result in a forecasted margin in the 3.45% range.”
“With full-year net interest margin expanding to a range of 3%-310%, an average 4Q 2026 net interest margin expected to finish in the 3.25%-330% range as the timing of the potential Fed rate hike late in the year limits the impact in 2026.”
“Our lending pipelines remain healthy across the franchise, and we expect continued progress on loan growth in the second half of the year.”
“Moving on to our performance expectations for the full year of 2026, excluding the impact of non-core expenses and the planned merger, we expect to achieve positive operating leverage for 2026 compared to 2025.”
“During the second quarter, we saw year-over-year growth of 4% in net new retail and commercial customers, 11% in active digital users, 6% in digital loan payments, and 3% in virtual teller use.”
“At Mission Systems, we are maintaining our guidance of high $12 billion in 2026 sales while raising our margin rate expectations to approximately 15%.”
“Between the significant emerging opportunities and the pressure on parts of the sustainability franchise, we expect recurring net new sales to be roughly zero to slightly negative for the combined sustainability and climate reporting segment across the next two quarters.”
“Earlier this month, we announced a 10% increase in our quarterly dividend, making this our 17th consecutive year of dividend increases, reflecting our solid earnings growth and confidence in our outlook.”
“The second quarter performance caps a strong first half, including organic sales growth of 3.3%, operating margin of 24.3%, and earnings growth of 12%, giving us confidence to raise our full-year guidance across all the financial metrics on slide nine.”
“Interest expense on other borrowed funds increased during the second quarter and first six months of 2026 compared to the prior year periods, largely reflecting the impact of a term loan we obtained in late 2025 to assist in the cash portion of the Eastern Michigan acquisition.”
“Taxable equivalent NII was up 2% and net interest margin increased 2 basis points from the prior quarter to 2.89%.”
“Robust growth in margin borrowing reflected a risk-on environment for investors, and our segregated cash portfolio grew with new accounts.”
“In both cases, the second half of 2026 guidance reflects a continuation of high profitability, strong capital, and continuing growth.”
“Total deposits grew by $42.1 million or 6% annualized in the second quarter, which kept our loan-to-deposit ratio in the middle of its 90%-92% target range.”
“Through the first half of the year, net revenue of $2.1 billion grew 15%, adjusted operating profit of $569 million grew 21%, and adjusted operating margin expanded by 150 basis points, largely driven by the outperformance in Magic.”
“In our Completion and Production division, we anticipate sequential revenue to be flat to down 2% and margins to improve 125 to 175 basis points.”
“Net interest income for the second quarter increased 1% from the first quarter to $63.9 million, while net interest margin declined two basis points to 3.36%.”
“As we previously noted, our guidance includes an impact of approximately $0.30 for 2026 in depreciation and interest expense as we continue to invest in the business for growth.”
“GM Defense expects 2026 revenue to grow to almost $700 million and is targeting positive results on an EBIT basis for this year, while also building a backlog of future business.”
“As outlined in our press release, we are maintaining our fiscal 2026 lot delivery guidance of 14,000-14,500 lots and our revenue guidance of $1.6 billion-$1.7 billion.”
“Given the 7% level of growth we've seen over the first half of the year and the pipeline that we see looking into Q3, we are updating our guidance for the full-year loan growth to now be in the range of 6%-8% by year end.”
“USIS diversified markets revenue was slightly better than we expected, accelerating over 300 basis points sequentially, international revenue was slightly lower than we expected at up 4%, principally reflecting market weaknesses in Canada and the U.K.”
“Our gross profit margin on home sales revenues in the third quarter was 20.7%, above the high end of our guidance range, reflecting lower stick and brick costs and slightly lower incentives than the second quarter.”
“Cumulative gross profit for the six months grew significantly by 25.4% to PEN 455.5 million, following a 23% increase in the quarter, supported by structural operational efficiencies and higher shipments.”
“Based on the strong first-half performance and positive demand outlook, we are increasing our full-year 2026 adjusted diluted earnings per share guidance from $7.90-$8.30 to a new range of $8.30-$8.50.”
“We saw continued strong and broad-based demand in the second quarter, delivering record revenue of $293 million, a 5% sequential increase, and 21% year-over-year growth exceeding our guidance range.”
“Based on these projections, including our expected stock repurchase activity, we expect to generate annual growth in tangible book value per share of approximately 12% in 2026 and produce financial returns that will place us within the top quartile of our proxy peer group.”
“During the quarter, we completed our fifth credit risk transfer transaction, generating approximately 20 basis points of CET1 at the time of execution, reflecting continued demand for our retail auto assets in the market and another efficient way to manage capital.”
“Segment margins were also impacted in the quarter by approximately 90 basis points by certain costs in our component MRO operations that we do not expect to continue going forward.”
“I do expect, generally speaking, going forward, I do expect TBA specialness to remain attractive relative to repo funding, perhaps more in line with, on average, more in line with the long-term averages of maybe 10 to 20 basis points of specialness generally for TBA.”
“When excluding net equity investment gains of $1.31 this year and $0.05 in last year's quarter, adjusted quarterly earnings per share grew 10% to $1.74 from $1.58 a year ago due to growth in customer-related non-interest income, modest loan growth and margin improvement, expense discipline, and solid credit performance.”
“Importantly, non-interest-bearing demand deposits are low-cost, most durable funding source grew to $3 billion, up 5.6% linked-quarter and 13.8% year-over-year.”
“Outlook at this point in time of the year, you know we have very little visibility, thus far, FY 2027 traffic remains on track to grow 4% to 216 million passengers.”
“I'm wondering if you can tell us if there's any Raycarb C2B fabric sales that you're embedding in that fiscal Q2 outlook, just because it does have an impact on margins.”
“We expect to deploy capital in Agency RMBS securities, specified pools and seasoned securities that provide stable cash flows over time.”
“Excluding the impact of foreign currency, global retail sales grew 3% in the quarter due to global net store growth of almost 1,000 stores over the past 12 months.”
“Our theory, based on the advanced bookings that we've seen, is with all these good movies that have come out this year, especially in the second quarter, six movies opening to $75 million or more, "Toy Story 5" coming out to $140 million opening, "The Odyssey" coming out to $124 million opening.”
“One is the cost of fund is the biggest opportunity on the margin where, compared to our historical norms as well as compared to what we have seen in the industry as such, there can be 40, 50 basis points change, but it is not going to change in a hurry.”
“Absent any changes in interest rates, we expect our margin to be relatively flat for the next quarter, acknowledging day count as well as the funding of loan growth and deposit activity.”
“Net of the Equinor acquisition, free cash flow was $491 million during the quarter, leaving us well-placed to deliver on our annual guidance.”
“Our outlook for fixed income NII by quarter, including earnings from short-term securities, is consistent with the guidance we previously provided, expecting approximately $840 million in the third quarter and roughly $870 million in the fourth quarter.”
“As a reminder, we expected 2026 loan growth to be driven primarily by commercial and other consumer categories with slower loan growth in residential mortgage and indirect auto.”
“The increase from the first quarter was primarily due to an increase of $929,000 in mortgage banking revenues as mortgage originations approved during the quarter, and an increase of $894,000 in bank card services and interchange revenue, mainly due to continued growth in customer card usage and incentives received during the period.”
“Altogether, I think we had provided an outlook for 5+% positive operating leverage, strong PPNR growth year-over-year.”
“I mentioned the challenges in the commercial real estate and construction books, on a positive note, as Jeff mentioned, the second quarter approved commercial pipeline grew nicely to $510 million, a 63% increase from the prior quarter, and reflects a healthy mix of both commercial real estate and C&I.”
“Our loan book is strong and well-diversified, and pipelines continue to remain at solid levels, positioning us to achieve our growth targets as we move into the second half of the year.”
“Taken together, our guidance implies full year adjusted PPNR growth of more than 40% versus 2025, including the impact of CDI amortization.”
“The rally in REITs year-to-date only confirms our three to five-year outlook, with dividend yields in the 3%-4% range and earning growth above the historical norm of 6% and accelerating.”
“Based on what we know today, we reiterate our full year 2026 guidance of flat organic sales with continued significant outperformance of light vehicle production in both China and India.”
“Our investment framework is a clear evidence of this, by targeting a major term 15%-20% Income Before Tax margins, assuming we are able to pay our target interest and income back to the customers, we are able to invest in our growth and into our pricing.”
“If you have noticed in the last two years also, Nitin, despite the challenges with the revenue, we continue to stay focused on margin improvements.”
“We expect to deliver approximately 200 basis points of positive operating leverage this year and more than 300 basis points excluding the impact from BTIG.”
“We delivered second quarter earnings per share of $1.99 at the high end of our guidance range of $1 to $2, and pre-tax margin of 4.8%, despite a $2.3 billion year-over-year headwind from fuel.”
“Fee revenue of $3.2 billion increased 16% year-over-year, reflecting strong performance across Investment Servicing, Investment Management, and Markets, while net interest income of $860 million increased 18%, driven by a 17 basis point increase in net interest margin to 113 basis points.”
“During the quarter, we also completed a 100-megawatt power land sale, generating an 82% margin and illustrating our disciplined approach to maximizing risk-adjusted returns by monetizing projects at the stage where we see the greatest profit margin.”
“This question comes, "Driver of FX-neutral revenue growth slowing from 12% year-over-year in 2Q to 11% year-over-year as the guidance for the third quarter suggests." Spence, do you want to take that?”
“Organic days adjusted constant currency revenue increased 6% in the quarter, which was well above our midpoint guidance range of 3% growth, driven by our Manpower business.”
“The 19% growth reflects an acceleration compared to 18% in Q4 FY 2026, despite a strengthening ZAR that negatively impacted reported Cartrack subscription revenue in Q1.”
“On our last call, we forecast non-GAAP gross profit margin to be within a range of 67.5% and 68.5% of revenue, which reflected 100 basis points of impact from tariff.”
“On a sequential basis, gross profit increased by $3.6 million from the second quarter, and gross margin improved by 60 basis points, reflecting higher shipment volumes and improved spreads.”
“Following the completion of the demonstrator aircraft, we expect the 2027 test program to begin with initial ground testing, of course, followed by a traditional flight test program.”
“Home BancShares reported another solid quarter, generating a record net income as adjusted of $128 million while significantly expanding our balance sheet and maintaining strong profitability, loan growth, stable margins, and improving book value underscoring the strength of our franchise.”
“Despite this headwind, disciplined funding cost management allowed for the expansion of our net interest margin to 3.76% from the year ago quarter when it was 3.68%.”
Try a ticker, period, category, or a call speaker.请尝试代码、期间、分类或电话会发言人。
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。