Lantronix (NasdaqCM:LTRX) Q2 2026 Earnings call February 04, 2026 04:30 PM ET Company ParticipantsAustin Moeller - Director of Equity ResearchBrent Stringham - CFOJaeson Schmidt - Director of ResearchSaleel Awsare - CEOConference Call ParticipantsChristian Schwab - Senior Research AnalystScott Searle - Senior Research AnalystOperatorGood day, and welcome to the Lantronix Inc. 2026 second quarter results conference call. All participants will be in a listen-only mode. Should you need assistance, please signa ...

Financial Data and Key Metrics Changes - The fourth quarter financial results exceeded original expectations, with a total airline revenue of approximately $656 million, up 7.6% compared to Q4 2024, marking a record high for the company [12][13] - For the full year 2025, consolidated net income was $70.3 million, or $3.80 per share, while airline-only earnings were $93.8 million, yielding $5.07 per share [21] - The adjusted operating margin for the fourth quarter was 12.9%, among the best in the industry, with unit costs falling more than 6% for the year [6][8] Business Line Data and Key Metrics Changes - The airline segment produced net income of $50.1 million in Q4, driven by lower-than-expected salaries and benefits, and a stronger revenue environment [21] - The fixed fee revenue contribution in Q4 was $25.5 million, another quarterly record, despite increased scheduled service utilization [13] - The airline generated over $143 million of EBITDA during Q4, producing an EBITDA margin of nearly 22% [21] Market Data and Key Metrics Changes - Current leisure demand is strong, with significant improvement observed over the holiday period, continuing into January [9] - The company expects a 13.5% adjusted operating margin in Q1 2026, indicating strong demand and operational efficiency [9] - The demand environment observed in Q4 2025 extended into early January, with winter storms impacting bookings but a recovery beginning to take shape [26] Company Strategy and Development Direction - The company plans to focus on existing infrastructure and commercial initiatives to drive TRASM improvement and margin expansion in 2026, without fleet growth [9] - The acquisition of Sun Country is seen as a strategic step to build a leading leisure airline in the U.S., with a thoughtful integration plan underway [10] - The company aims to maintain a net leverage ratio between 2 and 2.5 turns, with a focus on refinancing opportunities and maintaining cash balances for operational flexibility [82][84] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate various demand environments and enhance customer experiences, supported by a strong financial position [29] - The company is cautious about the continuation of strong demand trends observed in January, indicating a conservative approach to full-year guidance [40][41] - Management highlighted the importance of balancing growth with profitability, emphasizing the need to earn the right to grow [9] Other Important Information - The company successfully integrated the MAX aircraft into its fleet, which is expected to provide a 20% fuel burn advantage compared to the A320 [7] - The company ended the year with total available liquidity of $1.1 billion and reduced total debt to just under $1.8 billion [24] - Capital expenditures for 2026 are expected to be approximately $750 million, including significant investments in aircraft-related CapEx [25] Q&A Session Summary Question: What is driving the exceptional demand in January? - Management noted that improved visitation and bookings are contributing to strong demand, with expectations for continued strength through spring break and Easter [31][32] Question: How does the company view RASM and CASM for the year? - Management expects TRASM to improve more than CASM, reinforcing margin expansion [35] Question: What is the outlook for the first quarter and full year? - The company is guiding for Q1 EPS of approximately $3, with a conservative full-year EPS expectation of at least $8 [26][27] Question: How is the company approaching the merger with Sun Country? - Management indicated that the merger is expected to close in the second half of 2026, with plans to finance the cash component through a combination of cash balances and potential refinancing [50][51] Question: What are the expectations for new market development? - Historically, new markets have a unit revenue drag of 10%-15% relative to the rest of the system, and this is expected to remain consistent [91]

Tenable (NasdaqGS:TENB) Q4 2025 Earnings call February 04, 2026 04:30 PM ET Company ParticipantsAbhishek Murali - Equity Research AssociateBrian Essex - Executive Director of U.S. Software Equity ResearchErin Carney - VP of Investor RelationsMark Thurmond - Co-CEOMatt Brown - CFOSaket Kalia - DirectorSteve Vintz - Co-CEOConference Call ParticipantsJonathan Ho - Partner and Research AnalystJoseph Gallo - Secuity Software Equity Research AnalystMike Cikos - Senior AnalystPatrick Colville - Director and Equity ...

PC Connection (NasdaqGS:CNXN) Q4 2025 Earnings call February 04, 2026 04:30 PM ET Company ParticipantsAdam Tindle - Managing DirectorSamantha Tracy - Head of Investor RelationsThomas Baker - Senior VP, Treasurer, and CFOTimothy McGrath - President and CEOConference Call ParticipantsAnthony Lebiedzinski - Senior Equity AnalystOperatorGood afternoon, and welcome to the fourth quarter 2025 Connection Earnings Conference Call. My name is Lisa, and I will be the coordinator for the call today. At this time, all ...

Financial Data and Key Metrics Changes - Revenue increased by 16% year-over-year to $706 million, with same-store sales growth of 5.7% [5][14] - Earnings per diluted share rose to $2.79, compared to $2.43 in the prior year, marking a 14.8% increase [16][17] - Gross profit increased by 18% to $281 million, with a gross profit rate of 39.9%, up 60 basis points from the prior year [14][15] Business Line Data and Key Metrics Changes - Consolidated same-store sales grew 5.7%, with brick-and-mortar same-store sales increasing by 3.7% and e-commerce same-store sales growing by 19.6% [6][14] - Men's and ladies' western boots saw high single-digit comp growth, while men's and ladies' apparel outperformed the chain average, particularly in denim with mid-teen growth [8][9] Market Data and Key Metrics Changes - The company opened a record 25 new stores in the third quarter, bringing the total to 514 stores, with plans for 15 additional openings in the fourth quarter [7][8] - The company aims for a total of 70 new stores for the fiscal year and estimates 20 openings in the first quarter of fiscal 2027 [8] Company Strategy and Development Direction - The company is focused on four strategic initiatives: new store growth, same-store sales, omnichannel expansion, and merchandise margin expansion [5][10] - Plans to launch standalone websites for additional exclusive brands to enhance customer engagement and sales [10][74] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the underlying business tone and anticipated continued strength in same-store sales despite recent winter storms [6][23] - The company raised its full-year guidance, expecting total sales of $2.25 billion, representing an 18% growth over fiscal 2025 [20][21] Other Important Information - Inventory increased by 17% year-over-year to $805 million, with markdowns as a percentage of inventory below historical levels [17] - The company repurchased approximately 67,000 shares for $12.5 million as part of its $200 million share repurchase program [17] Q&A Session Questions and Answers Question: Can you elaborate on the drivers of acceleration seen in January before the storms? - Management noted that the acceleration was broad-based across most major merchandise categories, with work apparel being slightly softer due to warmer weather [27][28] Question: What is the overall visibility for planning the business moving forward? - Management indicated confidence in maintaining low to mid-single-digit comp growth, supported by new store productivity and broad performance across merchandise categories [30][32] Question: Can you elaborate on the merchandise margin outlook for the fourth quarter? - Management expects a headwind from shrink and freight, with exclusive brand penetration contributing to margin expansion [36][39] Question: How are you thinking about the price points between exclusive brands and national brands? - Management believes that price points will normalize over time, with careful consideration to avoid breaking psychological price points [92][96] Question: What are the expectations for new store openings in fiscal 2027? - Management is confident in maintaining a 12%-15% new unit growth rate, with a strong pipeline for the first quarter [40][41]

Central Garden & Pet Company (NasdaqGS:CENT) Q1 2026 Earnings call February 04, 2026 04:30 PM ET Company ParticipantsBrad Smith - CFOBrad Thomas - Managing DirectorFriederike Edelmann - Head of Investor RelationsJ.D. Walker - President of Garden Consumer ProductsJohn Hanson - President of Pet Consumer ProductsNiko Lahanas - CEOConference Call ParticipantsBrian McNamara - AnalystJim Chartier - AnalystOperatorLadies and gentlemen, thank you for standing by. Welcome to Central Garden & Pet's Fiscal 2026 First ...

ePlus (NasdaqGS:PLUS) Q3 2026 Earnings call February 04, 2026 04:30 PM ET Company ParticipantsElaine Marion - CFOKley Parkhurst - Senior VPMark Marron - CEO and PresidentConference Call ParticipantsGreg Burns - AnalystMaggie Nolan - Research AnalystOperatorEarnings results conference call. As a reminder, this conference call is being recorded. All lines have been placed on mute to prevent any background noise, and after the speaker's remarks, there will be a question-and-answer session. If you would like to ...

e.l.f. Beauty (NYSE:ELF) Q3 2026 Earnings call February 04, 2026 04:30 PM ET Company ParticipantsAndrea Teixeira - Managing DirectorAnna Andreeva - Managing DirectorAnna Lizzul - VP of Equity ResearchBonnie Herzog - Managing DirectorDara Mohsenian - Managing DirectorFilippo Falorni - Director of Equity ResearchKC Katten - VP of Corporate Development and Head of Investor RelationsMandy Fields - SVP and CFOSydney Wagner - Equity Research Senior AssociateTarang Amin - Chairman and CEONone - Video Narrator 10No ...

McKesson (NYSE:MCK) Q3 2026 Earnings call February 04, 2026 04:30 PM ET Company ParticipantsBrian Tyler - CEOBritt Vitalone - CFOCharles Rhyee - Managing DirectorElizabeth Anderson - Senior Managing DirectorGlen Santangelo - Managing DirectorJeni Dominguez - VP of Investor RelationsKevin Caliendo - Managing DirectorLisa Gill - Managing DirectorMichael Cherny - Senior Managing DirectorConference Call ParticipantsAllen Lutz - Senior Equity Research AnalystBrian Tanquilut - Senior Equity Research AnalystDaniel ...

e.l.f. Beauty (NYSE:ELF) Q3 2026 Earnings call February 04, 2026 04:30 PM ET Company ParticipantsAndrea Teixeira - Managing DirectorAnna Andreeva - Managing DirectorAnna Lizzul - VP of Equity ResearchBonnie Herzog - Managing DirectorDara Mohsenian - Managing DirectorFilippo Falorni - Director of Equity ResearchKC Katten - VP of Corporate Development and Head of Investor RelationsMandy Fields - SVP and CFOSydney Wagner - Equity Research Senior AssociateTarang Amin - Chairman and CEONone - Video Narrator 10No ...