Manchester United PLC (MANU) Q2 2026 Earnings Call Transcript
Microsoft reported Q2 FY2026 revenue of $81.3 billion, a 17% constant‑currency increase, driven by a record $51.5 billion cloud segment that grew 26% and topped $50 billion for the first time. Operating income rose 21% and EPS jumped 24% to $4.14, while operating cash flow surged 60% to $35.8 billion, supporting a $12.7 billion return to shareholders. The company’s AI‑focused capital spending pushed gross margin down to 68% and operating expenses up 5%, and gaming revenue fell 9%, highlighting margin pressure. Nevertheless, commercial bookings and RPO grew robustly, Copilot paid seats hit 15 million, and Microsoft expects Q3 revenue of $80.7‑$81.8 billion with modest margin compression.
Agilon Health Inc (AGL) Q4 2025 Earnings Call Transcript
Agilon Health reported FY 2025 revenue of $5.93 billion but posted a negative medical margin of $57 million and an adjusted EBITDA loss of $296 million, with the medical cost trend rising to 6.5% and a $35 million operating expense reduction. Management guided 2026 revenue...
Hci Group Inc (HCI) Q4 2025 Earnings Call Transcript
Hercules Capital reported record Q4 2025 performance, originating $1.06 billion in new debt and reaching $4 billion in annual originations while expanding platform AUM to $5.7 billion, a 20.5% increase. Total investment income rose 7.9% year‑over‑year to $532.5 million, and net investment income generated...
Hayward Holdings Inc (HAYW) Q4 2025 Earnings Call Transcript
Hayward Holdings reported a 7% rise in Q3 net sales to $244 million, driven by price gains and modest volume growth, and lifted its full‑year outlook to 4‑5.5% sales growth and a 5‑7% increase in adjusted EBITDA. Gross margin expanded to...
TKO Group Holdings Inc (TKO) Q4 2025 Earnings Call Transcript
TKO Group Holdings reported Q3 2025 revenue of $1.12 billion, a 27% decline driven by the loss of On Location Olympic revenue, while adjusted EBITDA surged 59% to $360 million, lifting the margin to 32%. The company secured a seven‑year, $7.7 billion UFC...
MGP Ingredients Inc (MGPI) Q4 2025 Earnings Call Transcript
Green Plains Inc. posted a dramatic turnaround in Q4 2025, delivering $49.1 million of adjusted EBITDA and $11.9 million of net income, reversing a $54.9 million loss from the prior year. Revenue fell 26.6% to $428.8 million due to plant divestitures and idling, but...
Sarepta Therapeutics Inc (SRPT) Q4 2025 Earnings Call Transcript
Sarepta Therapeutics reported a blockbuster fourth quarter, with ELEVIDYS gene‑therapy sales of $384 million, surpassing guidance by $60 million, and total net product revenue of $1.79 billion for 2024, up 56% year‑over‑year. The company achieved GAAP profitability and cash‑flow positivity, confirming the financial...
Schrodinger Inc (SDGR) Q4 2025 Earnings Call Transcript
Schrödinger reported Q2 FY2025 revenue of $54.8 million, up 16% year‑over‑year, driven by 15% software growth to $40.5 million and 19% drug‑discovery growth to $14.2 million. Gross margin slipped to 68% as the mix shifted toward lower‑margin services and new predictive‑toxicology investments. Net...
Array Technologies Inc (ARRY) Q4 2025 Earnings Call Transcript
Array Technologies reported Q3 2025 revenue of $393 million, a 70% year‑over‑year increase, driven by 74% volume growth and strong new‑product adoption. Adjusted gross margin held at 28.1% despite tariff and commodity pressures, while adjusted EBITDA rose 55% to $72 million. The...
What’s Next for Ukraine: Investment
Ukraine will emerge from the war burdened with massive debt, but experts Yuriy Gorodnichenko and Maurice Obstfeld argue that restructuring—potentially including outright forgiveness—is essential to attract private capital. They estimate a $40 billion annual investment gap, split between rebuilding destroyed assets,...
Red Robin Gourmet Burgers Inc (RRGB) Q4 2025 Earnings Call Transcript
Red Robin Gourmet Burgers reported a 3.3% drop in comparable restaurant sales for Q4 2025, driven by a 3.6% traffic decline despite a modest 0.3% rise in average check. Total revenue fell to $269 million, yet adjusted EBITDA surged 53% year‑over‑year...
ACADIA Pharmaceuticals Inc (ACAD) Q4 2025 Earnings Call Transcript
ACADIA Pharmaceuticals reported record adjusted 2025 revenue of $1.08 billion, up 14% year‑over‑year, driven by strong performance of NUPLAZID and DAYBUE. The company forecast 2026 total revenue between $1.22 billion and $1.28 billion, with NUPLAZID sales expected to reach $760‑$790 million and DAYBUE $460‑$490 million....
StandardAero, Inc. (SARO) Q4 2025 Earnings Call Transcript
StandardAero reported a record $6.05 billion in 2025 revenue, up 15.8% year‑over‑year, driven by double‑digit organic growth across its Engine Services and Component Repair segments. Adjusted EBITDA rose 17% to $888 million and free cash flow surged to $209 million, reflecting stronger pricing,...
Federal Signal Corp (FSS) Q4 2025 Earnings Call Transcript
Federal Signal reported a record $555 million in net sales for Q3 2025, up 17% year‑over‑year, driven by strong organic growth in both its Environmental Solutions and Safety & Security groups. Adjusted EBITDA margin expanded to 20.9%, a 130‑basis‑point improvement, while GAAP...
FS KKR Capital Corp (FSK) Q4 2025 Earnings Call Transcript
KKR reported record fundraising in 2025, raising $129 billion and reaching over 80% of its $300 billion target for 2024‑2026. Fee‑related earnings per share rose to $1.08, with management fees up 24% YoY, driving a 68% FRE margin. The firm announced a...
Crescent Capital BDC Inc (CCAP) Q4 2025 Earnings Call Transcript
Crescent Capital BDC reported Q4 2025 net investment income of $0.46 per share, delivering 110% coverage of its $0.42 regular dividend. Net asset value slipped to $19.28 per share, driven by $0.15 per share of unrealized losses from tariff‑impacted borrowers....
Nu Holdings Ltd (NU) Q4 2025 Earnings Call Transcript
Nu Skin Enterprises reported FY 2025 adjusted EPS of $1.27, a 51% increase, with full‑year revenue of $1.49 billion and Q4 revenue of $370 million, both within guidance. Operating margin rose to 6.7% and cash balance reached $240 million while debt fell to...
Amerisafe Inc (AMSF) Q4 2025 Earnings Call Transcript
Amerisafe Inc. reported Q4 2025 earnings with an 11.7% quarterly increase in gross premium written and a 6.7% year‑over‑year rise, driven by strong voluntary premium growth and a 93.7% renewal retention rate. The insurer posted a 18.5% return on equity...
VSE Corp (VSEC) Q4 2025 Earnings Call Transcript
VSE Corp announced a definitive agreement to acquire Aero 3 for $350 million in cash, a deal slated to close in Q4 2025. The third‑quarter results showed revenue jumping 39% to $283 million and adjusted EBITDA rising 58% to $47 million, pushing the adjusted EBITDA...
CS Disco Inc (LAW) Q4 2025 Earnings Call Transcript
Knowles Corporation reported Q4 2025 revenue of $162 million, a 14% year‑over‑year rise that topped the high end of its guidance, and earnings per share of $0.36, up 33% YoY. Full‑year revenue reached $593 million, a 7% increase, while adjusted EBITDA grew...
Ramaco Resources Inc (METC) Q4 2025 Earnings Call Transcript
Warrior Met Coal reported record Q4 and full‑year 2025 production and sales, driven by the early, on‑budget launch of the Blue Creek longwall mine. Revenue rose to $384 million and net income surged to $23 million, while adjusted EBITDA increased 75% to...
Agilent Technologies Inc (A) Q1 2026 Earnings Call Transcript
Agilent Technologies reported Q1 2026 core revenue of $1.8 billion, up 4.4% year‑over‑year, and non‑GAAP earnings per share of $1.36, meeting internal expectations despite a $10 million hit from a winter storm. Operating margin held at 24.6% after a 50‑basis‑point decline, while...
Revolution Medicines Inc (RVMD) Q4 2025 Earnings Call Transcript
Revolution Medicines reported that its lead KRAS inhibitor doraxonrasib secured breakthrough therapy, orphan drug, and a FDA National Priority Voucher, underscoring its potential in pancreatic cancer. Phase I data revealed median overall survival of 13.1‑15.6 months and a 47% objective...
Kennedy-Wilson Holdings Inc (KW) Q4 2025 Earnings Call Transcript
Kennedy-Wilson Holdings reported a record $30 billion in assets under management, a 70% increase since 2021, and deployed $1.7 billion of new capital in Q2, bringing year‑to‑date deployment to $2.6 billion. The firm generated $250 million in cash from non‑core asset sales, exceeding its...
SM Energy Co (SM) Q4 2025 Earnings Call Transcript
SM Energy announced that its merger will create a top‑10 U.S. independent oil producer with roughly 526,000 barrels of oil equivalent per day and 1.5 billion BOE of pro forma proved reserves. The combined entity will hold over 800,000 net acres,...
Procept Biorobotics Corp (PRCT) Q4 2025 Earnings Call Transcript
Procept Biorobotics reported a 48% year‑over‑year revenue increase to $79.2 million in Q2 2025, driven by strong U.S. growth and a 58% surge in handpiece and consumable sales. Gross margin expanded to 65.4%, up 640 basis points, while adjusted EBITDA loss narrowed...
Service Properties Trust (SVC) Q4 2025 Earnings Call Transcript
Service Properties Trust reported Q2 2025 results highlighting a rapid hotel disposition program, with non‑refundable deposits received for 111 Sonesta hotels worth $900 million and three additional hotels pending at $20 million. The company expects total 2025 hotel sales of $966 million, representing an...
A Tale of Two Financial Centres: Brexit Uncertainty and the Fragility of Cross-Border Capital Flows
A new firm‑level study of Swiss‑UK capital linkages finds that the Brexit referendum’s surge in policy uncertainty sharply reduced short‑term debt flows from Swiss‑resident firms to the United Kingdom, while equity investments remained stable. The contraction is driven almost entirely...
TWFG Inc (TWFG) Q4 2025 Earnings Call Transcript
Employers Holdings reported Q4 2025 gross premiums of $156.8 million, an 11% decline driven by weaker new business and audit premiums, while losses and LAE jumped 18.7% to $134.4 million. Net investment income rose 17.6% to $31.4 million after a strategic portfolio rebalancing...
Trinity Capital Inc (TRIN) Q4 2025 Earnings Call Transcript
Trinity Industries reported a full‑year EPS of $3.14, a 73% increase driven largely by a $1.5 per‑share gain from a railcar partnership restructuring. Revenue reached $2.2 billion, while the Leasing and Services segment posted a 53% rise in operating profit thanks...
Energy Recovery Inc (ERII) Q4 2025 Earnings Call Transcript
FrontView REIT reported Q4 2025 results with occupancy approaching 99% and annualized base rent (ABR) rising to $62.9 million, up $1.6 million from the prior quarter. The REIT completed seven acquisitions at an average 7.5% cap rate and funded its 2026 net‑acquisition...
HNI Corp (HNI) Q4 2025 Earnings Call Transcript
HNI Corp reported third‑quarter 2025 non‑GAAP EPS of $1.10, a 7% year‑over‑year increase, and posted a record non‑GAAP operating margin of 10.8%. Workplace furnishings sales rose 3% organically, with segment margin surpassing 12% after a 40‑basis‑point improvement. Management reaffirmed its...
Circle Internet Group Inc (CRCL) Q4 2025 Earnings Call Transcript
Centerspace reported solid Q4 2025 results, with same‑store NOI up 3.5% and revenue rising 1% despite a modest occupancy dip. The company completed $493 million of portfolio transactions, entered Salt Lake City, expanded Fort Collins, and trimmed exposure in Minneapolis. Guidance...
Pennant Group Inc (PNTG) Q4 2025 Earnings Call Transcript
Pennant Group reported Q2 2025 revenue of $219.5 million, up 30.1% year‑over‑year, and adjusted EBITDA of $16.4 million, up 24.5%. All three operating segments—home health & hospice, senior living, and other services—showed double‑digit growth, with home health/hospice revenue reaching $166 million and senior...
Kodiak Gas Services Inc (KGS) Q4 2025 Earnings Call Transcript
Kinder Morgan posted record Q4 2025 results, with net income of $996 million and EPS of $0.45, up roughly 50% year‑over‑year. Adjusted EBITDA reached an all‑time high, growing 6% and surpassing the 4% budget target. The company expanded its project backlog...
Trade Desk Inc (TTD) Q4 2025 Earnings Call Transcript
Nvidia announced a return to the consumer PC market with new low‑power system‑on‑chip devices slated for Dell, Lenovo and other OEMs. The chips combine CPU and GPU functions, aiming to extend battery life and diversify Nvidia’s revenue beyond data centers....
Southwest Gas Holdings Inc (SWX) Q4 2025 Earnings Call Transcript
Southwest Gas Holdings completed its transformation into a pure‑play regulated natural‑gas utility by fully divesting Century, using the $1.35 billion sale proceeds to retire all holding‑company debt and boost cash to nearly $780 million. The company reaffirmed its 2025 net‑income outlook at...
Dorman Products Inc (DORM) Q4 2025 Earnings Call Transcript
Dana Incorporated posted a stronger‑than‑expected Q4 2025, delivering an 11.1% adjusted margin and $208 million adjusted EBITDA, while full‑year results showed $610 million EBITDA at an 8.1% margin despite a $234 million sales decline. The Off‑Highway divestiture removed $1.9 billion of debt, pushing net...
Rxsight Inc (RXST) Q4 2025 Earnings Call Transcript
RxSight reported Q4 2025 revenue of $32.6 million, a 19% year‑over‑year decline driven by sharply lower Light Delivery Device placements. The Light Adjustable Lens accounted for an all‑time high 86% of sales, lifting gross margin to 77.5% despite overall losses. The...
Georgia Dream Government Strives to Enforce Its Legitimacy
Georgia's ruling Georgian Dream party has pushed amendments that criminalize "systematic" non‑recognition of the government, imposing up to three years in prison. The law targets dissent over the contested October 2024 parliamentary elections, which international observers deemed neither free nor fair....
Dole PLC (DOLE) Q4 2025 Earnings Call Transcript
Dole plc reported full‑year adjusted EBITDA of $395 million, a modest 1% increase year‑over‑year and ahead of its guidance. Revenue rose 8.2% to £9.2 billion, while net income fell to £82 million due to discontinued operations and non‑cash charges. The company completed the...
Alkami Technology Inc (ALKT) Q4 2025 Earnings Call Transcript
Alight reported FY 2025 revenue of $2.3 billion, a 5% decline year‑over‑year, with recurring revenue down 2.2% and project revenue falling 22%. Adjusted EBITDA slipped to $561 million (24.8% margin) and EPS fell to $0.50, while a non‑cash $83 million goodwill impairment was...
Sinclair Inc (SBGI) Q4 2025 Earnings Call Transcript
Sinclair Inc. reported Q4 2025 revenue of $836 million, a decline from the prior year’s $1.0 billion, primarily due to a steep drop in political advertising. Core advertising revenue grew 14% year‑over‑year, boosted by live‑sports programming and the Digital Remedy acquisition....
Soleno Therapeutics Inc (SLNO) Q4 2025 Earnings Call Transcript
Soleno Therapeutics reported $190.4 million in net revenue for fiscal 2025, representing less than nine months of commercial sales of its VICAT XR therapy. The company turned profitable, posting $20.9 million net income and generating $48.7 million of operating cash in Q4, ending the...
Montrose Environmental Group Inc (MEG) Q4 2025 Earnings Call Transcript
Montrose Environmental Group reported first‑quarter 2022 revenue of $134.7 million, a modest 0.6% year‑over‑year increase, driven by strong organic growth in its measurement‑and‑analysis and remediation segments. PFAS water‑treatment and biogas services surged, while COVID‑related CTEH revenues continued to normalize below historic...
Astec Industries Inc (ASTE) Q4 2025 Earnings Call Transcript
Astec Industries reported a strong Q4 2025, with adjusted EBITDA climbing 55.7% year‑over‑year to $27.1 million and net sales up 20.1% thanks to robust demand for asphalt and concrete plants and the TerraSource acquisition. The company’s backlog expanded to $449.5 million, including...
EPR Properties (EPR) Q4 2025 Earnings Call Transcript
EPR Properties reported Q4 2025 adjusted FFO of $1.37 per share, a 5.4% year‑over‑year increase, and AFFO of $1.39, up 7.8%. Total revenue rose to $182.3 million and the company’s investment base reached $6.9 billion across 330 properties, with 99% occupancy. Management...
Teladoc Health Inc (TDOC) Q4 2025 Earnings Call Transcript
Teladoc Health reported Q2 2025 revenue of $631.9 million, a modest 1.6% decline YoY, while adjusted EBITDA reached $69.3 million, hitting the high end of guidance. Integrated care drove growth, delivering $391.5 million in revenue and expanding U.S. membership to 102.4 million, surpassing 100 million members....
APi Group Corp (APG) Q4 2025 Earnings Call Transcript
S&P Global reported a strong fourth‑quarter 2025, with revenue up 9% year‑over‑year and organic constant‑currency growth of 8%. Adjusted operating margin expanded 60 basis points to 47.3% and adjusted diluted EPS rose 14%, hitting the top end of its guidance....
Clear Secure Inc (YOU) Q4 2025 Earnings Call Transcript
Clear Secure Inc. posted record Q4 2025 results, with revenue of $240.8 million, a 16.7% year‑over‑year increase, and total bookings up 25.4% to $287.1 million, driven largely by ClearOne enterprise wins. Adjusted EBITDA reached $79.9 million, delivering a 33.2% margin, while free cash...