Financial Performance - Revenue remained relatively flat at $7662 million for Q2 2025 compared to $7697 million in Q2 2024, while six-month revenue increased by 1% to $15267 million[15] - Income attributable to common stockholders increased by 4% to $250 million in Q2 2025 and by 8% to $494 million for the six months ended June 30, 2025[15] - Penske Transportation Solutions (PTS) equity earnings increased to $535 million in Q2 2025 from $529 million, and $867 million for the six months ended June 30, 2025[14,47] - Adjusted EBITDA for the six months ended June 30, 2025, was $773 million, a 48% increase compared to $7379 million in the same period of 2024[55] Retail Automotive - Retail automotive same-store revenue decreased by 1% to $6319 million in Q2 2025[21] - Gross margin increased by 50 bps to 169%[14] - Same-store retail automotive service and parts revenue increased by 7%, with related gross profit up by 9%[14] Retail Commercial Trucks - Retail commercial truck revenue increased to $944 million in Q2 2025 from $892 million in Q2 2024[31] - Same-store total units decreased by 4% to 4995 in Q2 2025[32] - Same-store used units gross per unit increased by 56% to $7016[32] Capital Allocation - Dividends paid were $165 million for the six months ended June 30, 2025[9] - Share repurchases totaled $133 million for the six months ended June 30, 2025[9] - Capital expenditures were $147 million for the six months ended June 30, 2025[9]

Financial Highlights - Precision Drilling anticipates a robust 2025 free cash flow yield potential of 25%[10, 11] - Analyst estimates for 2025 free cash flow are $226 million, against an equity market cap of $921 million[12] - The company aims to reduce total debt by at least $100 million in 2025[19, 23] - The long-term debt reduction target is increased to $700 million from 2022-2027, with $452 million already paid as of March 31, 2025[19, 23] - The company is on track to achieve a Net Debt to Adjusted EBITDA ratio of less than 10x[23] Operational Performance - Precision Drilling is the 1 land driller in Canada with 98 highly desirable rigs and a top land driller in the US with 104 rigs (66 Super Spec)[9] - The company is also the 1 well service provider in Canada with 153 rigs[9] - Canadian day rate margins have increased by 67% over the last 3 years[51] - US day rate margins have increased by over 60% in the last 3 years[66] - In Canada, Precision's Super Triples & Super Singles are nearly fully utilized[23] Strategic Priorities - Maximize free cash flow and enhance shareholder returns are key strategic priorities for 2025[18] - The company plans to allocate 35-45% of free cash flow to share repurchases in 2025, moving towards 50% of free cash flow for direct shareholder returns[19] - Grow revenue in existing service lines through disciplined capital deployment, strict cost management, and opportunistic tuck-in acquisitions[19, 20]

Business Overview - Artisan Partners has built its business on a consistent philosophy and business model since its founding[2] - The firm has grown from 1 investment team and strategy in 1995 to 11 investment teams and 26 strategies in 2025[5] - The run-rate revenue for 2025 is $1,129 million[5] Investment Performance Highlights - Bryan Krug won the 2025 U S Morningstar Award for Investing Excellence: Outstanding Fixed Income Portfolio Manager[7] - The High Income Strategy has achieved top 1% performance since inception[8] - The International Value Fund has achieved top 1% performance since inception[10] Assets Under Management (AUM) - Assets Under Management (AUM) increased by 8% year-over-year, reaching $175.5 billion as of June 30, 2025[20] - Equity AUM totaled $156.1 billion, Fixed Income AUM was $15.6 billion, and Alternative AUM was $3.8 billion as of June 30, 2025[22] - Intermediated Wealth AUM grew by 80% over the five years ended June 30, 2025, reaching $105.7 billion[44] Financial Results - Revenues for the second quarter of 2025 were $282.8 million, a 4% increase compared to the second quarter of 2024[24] - Adjusted operating income for the second quarter of 2025 was $89.6 million, a 3% increase compared to the second quarter of 2024[24] - Adjusted net income per adjusted share for the second quarter of 2025 was $0.83, consistent with the first quarter of 2025 and a 1% increase compared to the second quarter of 2024[24]

Speaker0 Natural Health Trends (NHTC) Q2 2025 Earnings Call July 30, 2025 11:30 AM ET Speaker0 Greetings. Welcome to Natural Health Trends Corp. Second Quarter twenty twenty five Earnings Conference Call. At this time, all participants are in a listen only mode. Please note this conference is being recorded. I will now turn the conference over to Michele Gladwell with Natural Health Trends Corp. Thank you. You may begin. Speaker1 Thank you, and welcome to Natural Health Trends second quarter twenty twenty f ...

Nabors Industries (NBR) Q2 2025 Earnings Call July 30, 2025 11:00 AM ET Speaker0 Good day, and welcome to the Nabors Industries Second Quarter twenty twenty five Earnings Conference Call. All participants will be in listen only mode. After today's presentation, there will be an opportunity to ask questions. Please note, today's event is being recorded. I would now like to turn the conference over to William Conroy, Vice President, Corporate Development and Investor Relations. Please go ahead. Speaker1 Good ...

Financial Performance - Net income per diluted share for Q2 2025 was $3.44, compared to $1.45 in Q2 2024, primarily driven by a gain on sale of real estate[11] - Core FFO per diluted share grew by 2.3% compared to Q2 2024, exceeding guidance by $0.07[11] - Same-property revenue and NOI grew by 3.2% and 3.3%, respectively, compared to Q2 2024[11] Portfolio Activity - Acquired two apartment communities with 420 units in Northern California for $240.5 million[11] - Sold a 350-unit apartment community in Southern California for $239.6 million, recording a gain of $126.2 million[11] - Sold a 243-unit apartment community in Oakland, CA for $97.5 million subsequent to quarter end[11] Capital Structure and Liquidity - Total market capitalization is $25.7 billion[12] - Available unsecured commitments stand at $1.356 billion, with total liquidity of $1.477 billion[14] - The company obtained a $300 million unsecured term loan and increased its unsecured credit facility from $1.2 billion to $1.5 billion[11] Debt and Credit Metrics - Debt to Total Assets ratio is 35%[3] - Secured Debt to Total Assets ratio is 4%[3] - Interest Coverage is 524%[3]

Financial Data and Key Metrics Changes - The company reported a net loss of $2,000,000 or $0.10 per diluted share, which is an improvement of $735,000 compared to the prior quarter [3][9] - Net interest income increased by $896,000 or 8.3%, driven by a 12 basis point expansion in the net interest margin [9][10] - Tangible book value per share increased to $14.87, up $0.06 from the prior quarter [7] Business Line Data and Key Metrics Changes - Core deposits grew by approximately 4%, contributing to a total deposit increase of $29,000,000 or 2% [5][13] - Loan production year-to-date totaled $180,000,000, with $90,000,000 produced during the second quarter at a weighted average yield of approximately 7% [5] - The company achieved approximately 3% loan growth during the quarter, with a notable increase in commercial and industrial loans by $22,000,000 [5][12] Market Data and Key Metrics Changes - The cost of deposits decreased by 13 basis points, contributing to a 12 basis point expansion in the net interest margin [5][10] - Nonperforming assets increased slightly, with nonperforming loans to total loans rising by three basis points, remaining low at 38 basis points [14] Company Strategy and Development Direction - The company is focused on portfolio diversification, prioritizing asset classes that deliver higher yields and better risk-adjusted returns [6] - There is a strategic emphasis on deepening client engagement in a competitive market, particularly with commercial customers [13][38] - The company aims to enhance shareholder value through disciplined capital management, including share repurchases [7] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about sustained momentum across lending and deposit fronts, expecting continued balance sheet and income growth [8] - The company anticipates limited expansion in net interest margin in the second half of the year, with more significant improvements expected in 2026 [24][28] Other Important Information - The company repurchased 406,000 shares at a weighted average price of $9.42, which is a significant discount to its tangible book value [7] - The allowance for credit losses to total loans decreased slightly to 80 basis points, indicating strong asset quality [14] Q&A Session Summary Question: Loan repricing and volume expectations for 2026 - Management indicated that significant loan repricing is expected in 2026, with $75,000,000 at a rate of $3.75 due to reprice [20] Question: CD pricing opportunities - Management noted that the pricing opportunity for CDs has largely run its course, and lower rates would be needed to see funding costs move appreciably lower [22] Question: Consumer loan portfolio expansion - Management is comfortable increasing the consumer loan portfolio from 5% to about 7-8% over the next couple of quarters [25] Question: Asset generation and noninterest-bearing deposits - The company is focusing on enhancing relationships with borrowers across various asset classes to grow noninterest-bearing deposits [38]

BrightSpire Capital (BRSP) Q2 2025 Earnings Call July 30, 2025 11:00 AM ET Speaker0Good day, and welcome to the BrightSpire Capital Second Quarter twenty twenty five Earnings Conference Call. All participants will be in a listen only mode. After today's presentation, there will be an opportunity to ask questions. Please note that this event is being recorded. I would now like to turn the conference over to David Palame, General Counsel.Please go ahead, sir.Speaker1Good morning, and welcome to BrightSpire Ca ...

Fresh Del Monte Produce (FDP) Q2 2025 Earnings Call July 30, 2025 11:00 AM ET Speaker0 Good day, everyone, and welcome to Fresh Del Monte Produce Second Quarter twenty twenty five Earnings Conference Call. Today's conference call is being broadcast live over the Internet and is also being recorded for playback purposes. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question and answer For opening remarks and introductions, I would like to tu ...

Q2 2025 Consolidated Financial Performance - Revenue decreased by 2.2% from $1,552 million in Q2 2024 to $1,519 million in Q2 2025[11] - Core growth declined by 2.5% compared to approximately flat growth in the previous year[11] - Adjusted EPS decreased by 3.2% year-over-year, from $0.93 to $0.90[11] - Adjusted Free Cash Flow increased to $297 million, compared to $280 million in the same quarter last year[11] - Trailing Twelve Month (TTM) Adjusted Free Cash Flow grew by 8.4% to $1,416 million[11] New Fortive Overview - New Fortive has approximately $4.1 billion in revenue[14] - The company's core growth 5-year Compound Annual Growth Rate (CAGR) is 4%[14] - Adjusted EBITDA margin is 29%[14] - Approximately 50% of revenue is recurring[14] - Free Cash Flow is approximately $0.9 billion[14] - Adjusted Gross Margin is 64%[14] Q2 2025 Continuing Operations Performance - Revenue decreased slightly by 0.4% from $1,020 million to $1,016 million[23] - Core growth declined by 0.7%[23] - Adjusted EPS increased by 3.6% from $0.56 to $0.58[23] - Trailing Twelve Month (TTM) Free Cash Flow grew by 13.6% to $939 million[23] Tariff Impact - Estimated total gross incremental tariff impact for the second half of 2025 is $40 million to $55 million[30] - The annualized impact of tariffs is estimated to be $80 million to $120 million[30]