Eli Lilly and Company (NYSE:LLY) Q4 2025 Earnings call February 04, 2026 10:00 AM ET Company ParticipantsAdrienne Brown - President of Lilly ImmunologyDan Skovronsky - Chief Scientific and Product OfficerDave Ricks - Chair and CEOIlya Yuffa - President of Lilly USA and Global Customer CapabilitiesKen Custer - President of Lilly Cardiometabolic HealthLucas Montarce - CFOMike Czapar - SVP of Investor RelationsPatrik Jonsson - President of Lilly InternationalConference Call ParticipantsAsad Haider - Stock Anal ...

KKR Real Estate Finance Trust (NYSE:KREF) Q4 2025 Earnings call February 04, 2026 10:00 AM ET Company ParticipantsJack Switala - Head of Investor RelationsMatt Salem - CEOPatrick Mattson - President and COOThomas Catherwood - Managing DirectorConference Call ParticipantsChristopher Muller - AnalystGabriel Poggi - AnalystJade Rahmani - AnalystRichard Shane - AnalystOperatorGood morning and welcome to the KKR Real Estate Finance Trust Incorporated 4th Quarter 2025 Financial Results Conference Call. All partic ...

Financial Data and Key Metrics Changes - The total shares present at the meeting were over 80 million, representing more than 50% of the company's outstanding common stock [2][3] - All nominees for election to the board of directors received a majority vote, indicating strong shareholder support [8] Business Line Data and Key Metrics Changes - The proposals for amendments to the company's articles of incorporation were approved by more than two-thirds of the outstanding shares entitled to vote, reflecting a consensus on governance changes [9] Market Data and Key Metrics Changes - No specific market data or key metrics were discussed in the provided content Company Strategy and Development Direction - The company is focused on governance improvements, as evidenced by multiple proposals to amend articles of incorporation, including increasing the number of authorized shares and clarifying indemnification provisions [5][9] Management Comments on Operating Environment and Future Outlook - Management did not provide specific comments on the operating environment or future outlook in the provided content Other Important Information - The independent auditor for the meeting was Ernst & Young, indicating a commitment to transparency and accountability [4] - The meeting included a non-binding advisory vote on executive compensation, known as Say-on-Pay, which was approved by a majority [8] Q&A Session Summary - No shareholder questions were submitted prior to the meeting, and therefore no Q&A session occurred [1]

The Hanover Insurance Group (NYSE:THG) Q4 2025 Earnings call February 04, 2026 10:00 AM ET Company ParticipantsBryan Salvatore - President of Specialty LinesDick Lavey - COO and President of Agency MarketsJack Roche - President and CEOJeff Farber - CFOMeyer Shields - MDOksana Lukasheva - Head of Investor RelationsConference Call ParticipantsDaniel Lee - AnalystMichael Phillips - MD and Senior AnalystMike Zaremski - MD and Senior Equity Research AnalystPaul Newsome - MD and Senior Research AnalystRoland Meye ...

Financial Data and Key Metrics Changes - Old Dominion's revenue for Q4 2025 was $1.31 billion, a 5.7% decrease from the previous year, driven by a 10.7% decrease in LTL tons per day, partially offset by a 5.6% increase in LTL revenue per hundredweight [11][12] - The operating ratio increased to 76.7%, reflecting a 80 basis points rise compared to the previous quarter [13][14] - Cash flow from operations totaled $310.2 million for Q4 and $1.4 billion for the year, with capital expenditures of $45.7 million for Q4 and $415 million for the year [15][16] Business Line Data and Key Metrics Changes - LTL revenue per hundredweight, excluding fuel surcharges, increased by 4.9% compared to Q4 2024 [11] - Direct operating costs as a percentage of revenue remained consistent at 53%, despite a decline in network density [14] Market Data and Key Metrics Changes - The company reported a 99% on-time service rate and a cargo claims ratio of 0.1% in Q4, indicating strong service performance [7] - The average weight per shipment increased from 1,450 pounds in September to 1,520 pounds in December, suggesting a positive trend in shipment quality [20][21] Company Strategy and Development Direction - The company is focused on maintaining a disciplined approach to yield management to offset cost inflation while investing in capacity, technology, and personnel [8] - Old Dominion aims to leverage its superior service standards and increased network capacity to capture market share as the economy improves [10] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about a potential recovery in demand within the industry, supported by positive trends in weight per shipment and ISM data [19][21] - The company anticipates revenue for Q1 2026 to be between $1.25 billion and $1.3 billion, with an expected increase in operating ratio of about 150 basis points [25][26] Other Important Information - The effective tax rate for Q4 2025 was 24.8%, up from 21.5% in Q4 2024, with an expected rate of 25.0% for Q1 2026 [16] - The board approved a quarterly cash dividend of $0.29 per share for Q1 2026, a 3.6% increase from the previous year [15] Q&A Session Summary Question: Insights on demand and customer feedback - Management noted positive signs in demand, particularly an increase in weight per shipment, which is a key indicator of recovery [19][20] Question: Operating ratio and revenue expectations for Q1 - Revenue per day is expected to improve, with a target operating ratio increase of about 150 basis points [25][26] Question: Drivers behind average shipment weight increase - The increase in average shipment weight is attributed to improved performance from both contract and smaller customers, indicating a normalization in the truckload market [30] Question: Impact of truckload market on LTL - Management indicated that the truckload market's capacity rationalization could lead to a return of volumes to LTL as demand improves [38] Question: Employee headcount and cost management - The company is managing headcount in line with shipment volumes, anticipating that employee hours will increase as demand recovers [44] Question: Capital expenditures and fleet management - Capital expenditures are lower due to the current volume environment, but the company is prepared for growth with a well-managed fleet [49][51] Question: Competitive dynamics in the industry - Old Dominion remains confident in its competitive position, citing a structural advantage in capacity and service center ownership [95][96]

Financial Data and Key Metrics Changes - Old Dominion's revenue for Q4 2025 was $1.31 billion, a 5.7% decrease from the prior year, driven by a 10.7% decrease in LTL tons per day, partially offset by a 5.6% increase in LTL revenue per hundredweight [11][12] - The operating ratio increased to 76.7% for Q4 2025, reflecting a 80 basis points increase compared to the previous quarter [13][14] - Cash flow from operations totaled $310.2 million for Q4 and $1.4 billion for the year, with capital expenditures of $45.7 million for Q4 and $415 million for the year [15][16] Business Line Data and Key Metrics Changes - LTL revenue per hundredweight, excluding fuel surcharges, increased by 4.9% compared to Q4 2024 [11] - The company maintained a disciplined approach to yield management, which helped offset cost inflation over the long term [8] Market Data and Key Metrics Changes - The company reported a 99% on-time service rate and a cargo claims ratio of 0.1% in Q4, indicating strong service performance [7] - The average weight per shipment increased from 1,450 lbs in September to 1,520 lbs in December, suggesting positive trends in demand [20][21] Company Strategy and Development Direction - Old Dominion is focused on delivering superior service at a fair price, which has helped the company gain market share over the long term [7] - The company plans to continue investing in capacity, technology, and personnel to support future growth, despite short-term increases in overhead costs [8][9] - Management expressed confidence in the company's ability to capitalize on improving economic conditions and generate profitable revenue growth [10] Management's Comments on Operating Environment and Future Outlook - Management is cautiously optimistic about a potential recovery in demand within the industry as they begin 2026 [9][10] - The company has seen positive signs in demand trends and anticipates that the ISM index could indicate improving volumes in the coming months [19] - Management emphasized the importance of maintaining a disciplined approach to yield management and cost control to navigate the current economic environment [30][31] Other Important Information - The effective tax rate for Q4 2025 was 24.8%, up from 21.5% in Q4 2024, with an expected rate of 25.0% for Q1 2026 [16] - The board approved a quarterly cash dividend of $0.29 per share for Q1 2026, representing a 3.6% increase from the previous year [15] Q&A Session Summary Question: Demand outlook and customer feedback - Management noted positive signs in demand and an increase in weight per shipment, indicating potential volume recovery [19][20] Question: Operating ratio and revenue expectations for Q1 - Management expects revenue for Q1 to be between $1.25 billion and $1.3 billion, with an anticipated increase in operating ratio of about 150 basis points [25][26] Question: Factors driving average shipment weight increase - The increase in average shipment weight is attributed to improved performance from both contract and smaller customers, alongside changes in the truckload market [30] Question: Impact of headcount and cost management - Management indicated that headcount reductions were anticipated and that they are prepared to flex hours to meet increased demand as it arises [44] Question: Capital expenditures and fleet management - The company plans to maintain a lower capital expenditure relative to revenue, focusing on right-sizing the fleet and managing costs effectively [50][51] Question: Competitive dynamics in the industry - Management expressed confidence in their ability to outperform competitors due to their asset ownership and capacity management strategies [95][96]

Brookfield Asset Management (NYSE:BAM) Q4 2025 Earnings call February 04, 2026 10:00 AM ET Speaker4Welcome to the Brookfield Asset Management fourth quarter 2025 earnings call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question-and-answer session. To ask a question during this session, you'll need to press star one one on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please pr ...

Reservoir Media (NasdaqGM:RSVR) Q3 2026 Earnings call February 04, 2026 10:00 AM ET Speaker0Greetings and welcome to the Reservoir Media's third quarter fiscal year 2026 earnings conference call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleas ...

Eli Lilly and Company (NYSE:LLY) Q4 2025 Earnings call February 04, 2026 10:00 AM ET Speaker5Ladies and gentlemen, thank you for standing by, and welcome to the Lilly Q4 2025 earnings conference call. At this time, all participants are in listen-only mode. Later, we will be conducting a question-and-answer session, and instructions will be given at that time. Should you request assistance during the call, please press Star, then zero, and an operator will assist you offline. I would now like to turn the con ...

The Hanover Insurance Group (NYSE:THG) Q4 2025 Earnings call February 04, 2026 10:00 AM ET Speaker9Welcome to The Hanover Insurance Group's fourth quarter earnings conference call. My name is Nick, and I'll be your operator for today's call. At this time, all participants are in a listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may p ...