ZipRecruiter (ZIP) Q1 2025 Earnings Call May 08, 2025 05:00 PM ET Company Participants Emilio Sartori - VP, Finance & Investor RelationsIan Siegel - CEO & Member of the Board of DirectorsDavid Travers - PresidentTimothy Yarbrough - EVP & CFO Conference Call Participants Ralph Schackart - Research Analyst - Technology, Media and CommunicationsJosh Chan - Executive Director - Equity Research AnalystTrevor Young - Analyst Operator Good afternoon, and thank you for standing by. My name is John, and I will be yo ...

American Coastal Insurance (ACIC) Q1 2025 Earnings Call May 08, 2025 05:00 PM ET Company Participants Karin Daly - VP Investor RelationsBennett Bradford Martz - President & CEOSvetlana Castle - Chief Financial OfficerGregory Peters - Managing DirectorBill Dezellem - Founder, President & Chief Investment Officer Operator As a reminder, this conference is being recorded. It's now my pleasure to turn the call over to your host, Karen Daley with The Equity Group. Please go ahead, Karen. Karin Daly Thank you, Ke ...

Theravance Biopharma (TBPH) Q1 2025 Earnings Call May 08, 2025 05:00 PM ET Company Participants Rick Winningham - CEORhonda Farnum - Chief Business Officer and Senior VP of Commercial & Medical AffairsAziz Sawaf - SVP - Operations & Strategy and CFOAine Miller - SVP - Development & Head of Ireland Office Conference Call Participants Marc Frahm - AnalystNone - Analyst Operator Hello, ladies and gentlemen. Good afternoon. I would like to welcome everyone to the Theravance Biopharma First Quarter twenty twenty ...

Eastman Kodak Company (KODK) Q1 2025 Earnings Call May 08, 2025 05:00 PM ET Company Participants Anthony Redding - Chief Audit Executive, Chief Compliance Officer, & Director of Investor Relations (Interim)James Continenza - Executive Chairman & CEODavid Bullwinkle - CFO & Senior VP Operator Good day, and thank you for standing by. Welcome to the Eastman Kodak Quarter One Earnings Conference Call. At this time, all participants are in a listen only mode. Please be advised that today's conference is being re ...

Vasta Platform (VSTA) Q1 2025 Earnings Call May 08, 2025 05:00 PM ET Company Participants Cesar Silva - Chief Financial OfficerGuilherme Mélega - CEOJessica Mehler - Equity Research AssociateLucas Dai Nagano - Equity Research Associate Operator Ladies and gentlemen, this is the operator. Today's conference is scheduled to begin momentarily. Until that time, your lines will remain on music hold. Thank you for your patience. Thank you for standing by. My name is Kathleen, and I will be your conference operato ...

Karat Packaging (KRT) Q1 2025 Earnings Call May 08, 2025 05:00 PM ET Company Participants Roger Pondel - CEOAlan Yu - Chairman, Co-Founder & CEOJian Guo - CFO & DirectorLarson Rice - Equity Research Associate Conference Call Participants Ryan Meyers - Senior Research Analyst Operator Good afternoon, and welcome to Carrot Packaging's twenty twenty five First Quarter Conference Call. All participants will be in a listen only mode for the duration of the call. And should you need any assistance today, please s ...

Abacus Global Management (ABL) Q1 2025 Earnings Call May 08, 2025 05:00 PM ET Company Participants Robert Phillips - SVP - Investor Relations & Corporate AffairsJay Jackson - Chairman & CEOBill McCauley - CFOPatrick Davitt - PartnerCrispin Love - DirectorRandy Binner - Managing DirectorAndrew Kligerman - Managing DirectorMike Grondahl - Head of Equities & Director of Research Operator Greetings, and welcome to the Abacus Global Management First Quarter twenty twenty five Earnings Call. At this time, all par ...

Wolfspeed (WOLF) Q3 2025 Earnings Call May 08, 2025 05:00 PM ET Company Participants Tyler Gronbach - Vice President of External AffairsRobert Feurle - CEOThomas Werner - Executive ChairNeill Reynolds - CFO Operator Hello, everyone, and thank you for joining the Wolfspeed Incorporated Third Quarter Fiscal twenty twenty five Earnings Call. My name is Megan, and I will be your coordinating your call today. I will now hand you over to your host, Tyler Groenbach, VP of External Affairs to begin. Please go ahead ...

Lyft (LYFT) Q1 2025 Earnings Call May 08, 2025 05:00 PM ET Company Participants Aurelien Nolf - Vice President, FP&A & Investor RelationsDavid Risher - Chief Executive Officer and DirectorErin Brewer - Chief Financial OfficerEric Sheridan - Managing DirectorJeff Seiner - VP, Internet Equity ResearchSteven Fox - Founder & CEO Conference Call Participants Brad Erickson - Equity AnalystKen Gawrelski - AnalystMichael Morton - Senior Research Analyst, Internet (E-commerce & Marketplaces)Nikhil Devnani - AnalystS ...

Financial Data and Key Metrics Changes - In Q1 2025, net sales were $340 million, a decrease of 9% compared to $374 million in Q1 2024, primarily due to a $40 million benefit from channel inventory build in the previous year that did not repeat [23][25] - Gross profit was $138 million with a gross margin of 40.5%, down from $170 million and 45.4% year-over-year, attributed to railing conversion costs and lower production levels [24][25] - Net income decreased by 32% to $60 million or $0.56 per diluted share, compared to $89 million or $0.82 per diluted share in the prior year [25] Business Line Data and Key Metrics Changes - New products launched in the last 36 months accounted for approximately 22% of trailing twelve-month sales, more than double the level from the previous year [9][18] - The company is seeing strong demand for premium products across all channels, with a notable increase in dealer conversions to the Trex brand [9][20] Market Data and Key Metrics Changes - The repair and remodel market is projected to rebound, with spending expected to increase from a low of $1 per square foot in 2024 back to the long-term average of $1.26 by 2027 [16][17] - The company anticipates outperforming the repair and remodel market in 2025, driven by new product introductions and market share gains [17][26] Company Strategy and Development Direction - The company is focused on enhancing its product offerings through innovation, with a commitment to serving consumers across all price points [18][19] - Trex is expanding its distribution partnerships and enhancing brand alignment with contractors to drive sales [14][20] - The new manufacturing campus in Arkansas is expected to improve operational efficiency and reduce costs [15][21] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's market position despite macroeconomic challenges and competitive pressures [28][29] - The company is maintaining its full-year guidance for 2025, expecting net sales growth between 5% to 7% and adjusted EBITDA margin to exceed 31% [26] Other Important Information - The company is implementing a new inventory strategy to reduce quarterly volatility and ensure adequate supply to meet consumer demand [11] - Tariff impacts are projected to affect less than 5% of cost of sales, with mitigation strategies in place [12][88] Q&A Session Summary Question: What drove the changes to the Enhance product line? - Management noted customer feedback led to manufacturing changes that improved the strength and aesthetics of the product [31][32] Question: What are the expectations for gross margins in Q2? - Management indicated that Q2 margins would be similar to Q1, primarily due to ongoing costs from product enhancements [33][34] Question: What is the sell-through rate for Q1? - The company reported strong demand for premium products and a turnaround in entry-level products, aligning with full-year guidance [40][41] Question: How will inventory practices affect seasonality? - Management expects a return to more normal seasonal patterns, with a strong first quarter followed by a slight decline in the third and fourth quarters [45][46] Question: What are the impacts of tariffs on costs? - The company has limited exposure to China and is exploring alternative sourcing options to mitigate tariff impacts [88][89] Question: How is the entry-level market performing? - There has been sequential improvement in entry-level products, with expectations for continued stabilization [114][115]