TriMas (NasdaqGS:TRS) Q4 2025 Earnings call February 26, 2026 10:00 AM ET Company ParticipantsPaul Swart - CFOSherry Lauderback - VP of Investor RelationsThomas Snyder - President and CEOConference Call ParticipantsHamed Khorsand - Founder and AnalystKen Newman - Vice President and Equity Research AnalystOperatorLadies and gentlemen, good morning, welcome to the TriMas Corporation fourth quarter and full year 2025 earnings conference call. At this time, all participants are in listen-only mode. A brief ques ...

Tecnoglass (NYSE:TGLS) Q4 2025 Earnings call February 26, 2026 10:00 AM ET Company ParticipantsBlake Warren - Director of Investor RelationsChristian Daes - COOJosé Manuel Daes - CEOSam Darkatsh - Managing DirectorSantiago Giraldo - CFOConference Call ParticipantsGene Velaz - AnalystJulio Romero - Equity Research AnalystRohit Seth - Senior Research AnalystTim Wojs - Senior Research AnalystOperatorGood day, and welcome to the Tecnoglass, Inc. Q4 2025 Earnings Conference Call. All participants will be in a li ...

Financial Data and Key Metrics Changes - In Q4 2025, RevPAR improved sequentially by over 200 basis points compared to Q3 2025, resulting in a same-store RevPAR decline of 1.6% [4][5] - For the full year 2025, same-store RevPAR declined 1.8%, primarily due to lower average daily rates [7][21] - Adjusted EBITDA for Q4 was $39.7 million, and adjusted FFO was $22.3 million, or $0.18 per share [21][22] - Full year 2025 adjusted EBITDA was $174.8 million, and adjusted FFO was $0.85 per share [21][22] Business Line Data and Key Metrics Changes - Government and international inbound demand declined approximately 20%, impacting overall performance, while other segments showed stability [5][6] - Non-rooms revenue increased by 9% in Q4 and 5% for the full year 2025, driven by food and beverage sales and other ancillary revenue streams [19][21] - The company sold two non-core hotels in Q4, generating $39 million in gross proceeds, and has sold 13 non-core hotels since 2023, totaling approximately $200 million [8][9] Market Data and Key Metrics Changes - San Francisco saw over 40% year-over-year RevPAR growth in Q4, driven by citywide conventions and improving business travel [16] - Orlando properties experienced a 9% increase in RevPAR in Q4, while South Florida properties grew by 4% [17][18] - Nashville's performance was bolstered by strong sports-related and group demand [19] Company Strategy and Development Direction - The company is focused on optimizing hotel profitability, prudent capital allocation, and strengthening the balance sheet to drive long-term shareholder value [14][24] - The company anticipates modest top-line growth in 2026, supported by improving fundamentals and disciplined expense management [10][11] - The company is positioned to benefit from the FIFA World Cup and favorable convention calendars in key markets [10][11] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about improving demand trends and easing year-over-year comparisons starting in Q2 2026 [9][12] - The company expects RevPAR for 2026 to range from flat to up 3%, primarily driven by gains in average daily rates [11][26] - Management noted that the first quarter of 2026 is expected to be challenging due to difficult comparisons from the previous year [12][27] Other Important Information - The company has made significant progress in extending maturities and reducing borrowing costs, with no debt maturities until 2028 [24][25] - The board declared a quarterly common dividend of $0.08 per share, representing a yield of approximately 7.7% [25] Q&A Session Summary Question: Can you discuss the visibility and length of the booking window? - Management noted positive indications from pacing, with March pacing slightly positive and April showing mid-single-digit increases, driven by solid midweek performance and urban market demand [30][31] Question: What segments are expected to drive RevPAR growth? - Management indicated that the majority of growth is expected from business transient and group segments, with a mix of two-thirds from rate growth [32] Question: How much lift is expected from the World Cup? - Management expects the World Cup to add approximately 50 to 75 basis points to the full year expectations, with significant exposure in key markets [36] Question: What specific market drivers are boosting the forecast? - Management highlighted Fort Lauderdale's strong performance post-renovation, Asheville's recovery, and the expected benefits from World Cup markets [42][43] Question: Any changes in discounting or advanced purchase rates? - Management indicated stability in demand segments and less need for remixing business, with a focus on maintaining higher-rated demand [48]

Hagerty (NYSE:HGTY) Q4 2025 Earnings call February 26, 2026 10:00 AM ET Company ParticipantsGregory Peters - Managing Director of Equity ResearchJay Koval - SVP of Investor Relations and CommunicationsMaxwell Fritscher - Vice President and Equity Research AssociateMcKeel Hagerty - CEO and ChairmanPatrick McClymont - CFOConference Call ParticipantsCharlie Lederer - Equity Research AnalystDavid Turkaly - Senior Equity Research AnalystElyse Greenspan - Managing Director and Senior Equity AnalystMichael Phillip ...

Vistra (NYSE:VST) Q4 2025 Earnings call February 26, 2026 10:00 AM ET Company ParticipantsEric Micek - VP of Investor RelationsJim Burke - President and CEOKris Moldovan - EVP and CFOShar Pourreza - Managing Director and Head of North American Power, Infrastructure and UtilitiesStacey Doré - Chief Strategy and Sustainability Officer and Executive Vice President of Public AffairsConference Call ParticipantsAndrew Weisel - Managing Director and Equity Research AnalystAngie Storozynski - Senior Utilities and P ...

LSB Industries (NYSE:LXU) Q4 2025 Earnings call February 26, 2026 10:00 AM ET Company ParticipantsAndrew Wong - Associate Director of Market Data Services SolutionsCheryl Maguire - EVP and CFODamien Renwick - EVP and Chief Commercial OfficerKevin Estok - VP of Equity Research in Chemicals, Emerging Technologies and Industrial BiotechKristy Carver - Senior Vice President and TreasurerMark Behrman - Chairman and CEOConference Call ParticipantsLucas Beaumont - Director and Equity Research AnalystRob McGuire - ...

VICI Properties (NYSE:VICI) Q4 2025 Earnings call February 26, 2026 10:00 AM ET Company ParticipantsDavid Kieske - CFOEdward Pitoniak - CEOGabe Wasserman - Chief Accounting OfficerJohn Payne - President and COORich Hightower - Managing DirectorSamantha Gallagher - Executive Vice President, General Counsel, and SecretaryConference Call ParticipantsAnthony Paolone - Research AnalystBarry Jonas - Director and Senior Equity AnalystCaitlin Burrows - Vice President and Stock AnalystChad Beynon - Stock AnalystDavi ...

Chemed (NYSE:CHE) Q4 2025 Earnings call February 26, 2026 10:00 AM ET Company ParticipantsHolley Schmidt - Vice President and Assistant ControllerJoanna Gajuk - Director of US Equity ResearchJoel Wherley - COOKevin McNamara - President and CEOMichael Witzeman - CFOConference Call ParticipantsBen Hendrix - AnalystBrian Tanquilut - Senior Equity Analyst and Healthcare Services Equity ResearchOperatorGood day, and thank you for standing by. Welcome to the Chemed Corporation fourth quarter 2025 earnings confere ...

Bristow Group (NYSE:VTOL) Q4 2025 Earnings call February 26, 2026 10:00 AM ET Company ParticipantsAlex Rygiel - Managing DirectorChris Bradshaw - President and CEOJennifer Whalen - SVP and CFOJosh Sullivan - Managing Director of Aerospace & Defense / Industrial TechnologyRed Tilahun - Senior Manager of Investor Relations and Financial ReportingConference Call ParticipantsJason Bandel - Equity Research AnalystSavi Syth - Managing Director and Senior Equity AnalystSteve Silver - Senior Equity Research Analyst ...

VICI Properties (NYSE:VICI) Q4 2025 Earnings call February 26, 2026 10:00 AM ET Company ParticipantsDavid Kieske - CFOEdward Pitoniak - CEOGabe Wasserman - Chief Accounting OfficerJohn Payne - President and COORich Hightower - Managing DirectorSamantha Gallagher - Executive Vice President, General Counsel, and SecretaryConference Call ParticipantsAnthony Paolone - Research AnalystBarry Jonas - Director and Senior Equity AnalystCaitlin Burrows - Vice President and Stock AnalystChad Beynon - Stock AnalystDavi ...