Twin Hospitality Group (TWNP) Q1 2025 Earnings Call May 08, 2025 06:00 PM ET Speaker0 Greetings, welcome to Twin Hospitality Group Incorporated First Quarter twenty twenty five Conference Call hosted by Interim Chief Executive Officer and Chief Financial Officer Ken Kulik. At this time, all participants have been placed in a listen only mode. Please note that this conference call is being recorded today, 05/08/2025. After the market closed, Twin Hospitality issued its quarterly financial results via press r ...

Financial Data and Key Metrics Changes - Coinbase reported Q1 2025 revenue of $2 billion, with adjusted EBITDA of $930 million, indicating resilience in a challenging macro environment [5][27] - Transaction revenue was $1.3 billion, down 19% quarter over quarter, while subscription and services revenue grew 9% to an all-time high of $698 million [23][26] - Adjusted net income for Q1 was $527 million, with net income reported at $66 million [27] Business Line Data and Key Metrics Changes - Global derivatives trading volume reached over $800 billion, with a significant market share increase driven by the international exchange [11] - Consumer trading volume decreased to $78 billion, down 17%, while institutional trading volume was $315 billion, down 9% [24] - Stablecoin revenue grew 32% quarter over quarter to $298 million, with USDC market cap hitting an all-time high of $60 billion [13][26] Market Data and Key Metrics Changes - Coinbase secured new licenses in Argentina and India, enhancing its international expansion strategy [14] - The average USDC held in Coinbase products increased by 49% quarter over quarter to $12 billion [13] Company Strategy and Development Direction - Coinbase aims to be the leading financial services platform globally, focusing on multiple customer groups including retail, institutions, and developers [9][21] - The acquisition of Derabit positions Coinbase as the number one crypto derivatives platform globally, enhancing its international trading capabilities [12][32] - The company is focused on building better financial infrastructure to enable economic freedom through cryptocurrency [21] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating macroeconomic uncertainties and maintaining a long-term product roadmap [28][116] - The dismissal of the SEC lawsuit against Coinbase was highlighted as a significant milestone for the industry [20] - Management anticipates softer crypto trading markets in Q2 due to macro uncertainties but remains committed to growth [28] Other Important Information - Coinbase's total operating expenses were $1.3 billion, up 7%, primarily due to higher variable expenses [27] - The company is exploring further M&A opportunities to solidify its market leadership [110] Q&A Session Summary Question: Any plans on share buybacks? - The board authorized a $1 billion share repurchase program, but the focus is on opportunistic capital deployment [33][34] Question: What are Coinbase's future plans regarding crypto reserve assets? - Coinbase allocates a percentage of net income to strategic investments in crypto assets, with $150 million invested in Q1 [36][37] Question: What opportunities do you see from a growing TAM perspective? - Increased regulatory clarity is expected to benefit Coinbase, allowing it to capture more market share and partner with new entrants [38][44] Question: Can you talk about the Derabit acquisition and its impact? - The acquisition strengthens Coinbase's position in the options market and is expected to enhance profitability [47][49] Question: How does Coinbase view traditional banks entering the crypto space? - Coinbase sees potential partnerships with traditional banks and aims to provide infrastructure solutions for them [62][67] Question: What is Coinbase's long-term vision? - Coinbase aspires to be the number one financial services app globally, focusing on on-chain asset classes [71][73] Question: How does Coinbase plan to navigate different market environments? - The strategy remains consistent regardless of market conditions, with a focus on long-term growth and investment [115][116]

Astrana Health (ASTH) Q1 2025 Earnings Call May 08, 2025 05:30 PM ET Speaker0 Good day, everyone, and welcome to today's Astrana Health First Quarter twenty twenty five Earnings Call. At this time, all participants are in a listen only mode. Later, you will have an opportunity to ask questions during the question and answer session and instructions will be provided at that time. Today's speakers will be Brandon Sim, President and Chief Executive Officer of Astrana Health and Chand Basho, Chief Operating and ...

Leslie's (LESL) Q2 2025 Earnings Call May 08, 2025 05:30 PM ET Speaker0 Good afternoon and welcome to the Fiscal Second Quarter twenty twenty five Earnings Conference Call for Leslie's. At this time, all participants are in a listen only mode. Following the prepared remarks, management will conduct a question and answer session. As a reminder, this conference call is being recorded and will be available for replay later today on the company's Investor Relations website. I will now turn the call over to Eliz ...

Financial Data and Key Metrics Changes - The company reported record first quarter results for revenue, adjusted EBITDA, and EPS, surpassing both analysts' expectations and internal forecasts [4] - Contract and net revenue each grew by 24% year over year, adjusted EBITDA rose by 31%, GAAP diluted EPS increased by 52%, and adjusted diluted EPS was up by 58% [4][22] - Net income for Q1 2025 was $4.7 million, up 59% from $2.9 million in Q1 2024, with a favorable effective income tax rate of 9.75% [22] Business Line Data and Key Metrics Changes - The energy segment accounted for over 80% of total revenue, with revenue in this segment rising by 25% [9][20] - The engineering and consulting segment revenues increased by 20%, reflecting strong client demand and continued geographic expansion [20] - The company completed two acquisitions that contributed $6 million to contract revenue in the quarter [19] Market Data and Key Metrics Changes - Commercial customers are forecasted to comprise 15% of revenue, double the percentage from the previous year, while state and local government customers are expected to be 44% and utilities around 41% [6] - Demand remains healthy across all customer groups, particularly in electricity usage at data centers driven by AI [6][7] Company Strategy and Development Direction - The company aims to pursue acquisitions that expand capabilities and relationships with commercial customers [6] - The focus is on energy efficiency and modernization projects, with significant contracts awarded for EV charging stations and solar arrays [11][12] - The company is positioned to benefit from structural shifts in the energy landscape, including electrification and increased electricity demand from data centers [14] Management's Comments on Operating Environment and Future Outlook - Management noted that recent federal spending cuts have had little impact on the company's backlog or near-term visibility [8] - The company is monitoring tariff risks and has implemented flexible contract terms to mitigate potential impacts [16][31] - Management raised the 2025 financial targets based on strong Q1 performance, expecting net revenue between $325 million and $335 million [25] Other Important Information - The company ended the quarter with $38 million in cash and access to an undrawn $50 million line of credit, resulting in total liquidity of $88 million [23] - The company has minimal exposure to direct federal contracts, which has insulated it from recent federal spending cuts [8] Q&A Session Summary Question: Impact of tariffs on the company - Management acknowledged the potential for price escalation and project delays due to tariffs but noted that they have not seen short-term impacts yet [31][32] Question: Conversations with customers regarding load growth - Management indicated that conversations with utilities and government customers have shifted towards updating forecasts and CapEx spending due to changes in electricity demand dynamics [35][36] Question: Confidence in raising guidance - Management raised guidance due to strong Q1 performance across all areas and customer interest in expanding contracts [39][40] Question: Any signs of slowdown in demand - Management reported no significant headwinds in operations, with the main concern being equipment risks related to tariffs [44][45] Question: Integration of recent acquisitions - Management confirmed that cross-selling between the acquired companies has already begun, with close communication established [55]

Financial Data and Key Metrics Changes - Total revenue for Q1 2025 was $142 million, a 6.5% decrease from $152 million in the same period last year [11][28] - Adjusted EBITDA was $11.1 million compared to $18.2 million in the previous year [12][30] - Net loss attributable to FAT Brands was $46 million or $2.73 per diluted share, compared to a net loss of $38.3 million or $2.37 per share in the prior year [29] Business Line Data and Key Metrics Changes - System-wide sales were $571.1 million, down 1.8% compared to the previous year's quarter [12] - Casual Dining segment saw same store sales increase approximately 1.6%, driven by Buffalo's Cafe and Ponderosa and Bonanza locations [13] - Factory revenue decreased by about 7% [50] Market Data and Key Metrics Changes - Domestic system-wide sales outperformed international sales, although there was a rebound in international locations towards the end of Q1 [12] - Digital sales at Roundtable Pizza increased by 5% sequentially from Q4 2024 to Q1 2025 [15] Company Strategy and Development Direction - The company is focused on expanding its brand presence with over 1,000 new locations in the pipeline and evaluating strategic acquisitions [13][16] - A remodeling initiative aims to refresh 5% of all stores in 2025, increasing to 10% in 2026 [17] - The company is enhancing production capabilities at its Georgia facility, targeting increased utilization from 40-45% to 60-70% [24] Management's Comments on Operating Environment and Future Outlook - Management noted that consumer confidence is mixed, with consumers being apprehensive and focused on value [38] - The company is committed to debt reduction and leveraging growth opportunities, with a focus on maximizing shareholder value [27] - Management expressed confidence in achieving full annual equity target raises despite current market volatility [10][42] Other Important Information - The company has temporarily paused FAT's common dividend and started accruing the FAT Series B preferred dividend [10] - The spin-off of Twin Hospitality Group Inc. was completed, allowing shareholders to invest directly in Twin Peaks growth [7] Q&A Session Summary Question: Impact of cookie facility utilization increase - Management aims to increase the facility's revenue from $15 million to $25 million annually with improved contracts [32][36] Question: Consumer focus on value - Management indicated that consumers are looking for great food and experiences to justify prices, and this trend is expected to continue [39][40] Question: Delay in equity raise post-Twin Peaks IPO - Management stated that there are no immediate pressures, and they are waiting for market conditions to improve [41][42] Question: Year-over-year impact of Smoky Bones - Management estimated a couple million dollars negative impact from Smoky Bones on adjusted EBITDA [66] Question: Timeline for new CEO search - The executive search for a new CEO is progressing well, with several excellent candidates [72] Question: Incremental adjusted EBITDA from new stores and factory - Management expects the additional $15 million in adjusted EBITDA to materialize over the next couple of years [73]

Financial Data and Key Metrics Changes - Coinbase reported Q1 revenue of $2 billion with adjusted EBITDA of $930 million, indicating resilience in a challenging macro environment [4] - Transaction revenue was $1.3 billion, down 19% quarter over quarter, while subscription and services revenue grew 9% to an all-time high of $698 million [21][24] - Adjusted net income for Q1 was $527 million, with total operating expenses at $1.3 billion, up 7% [25][26] Business Line Data and Key Metrics Changes - Global derivatives trading volume reached over $800 billion, with a significant market share increase driven by international exchanges [9] - Consumer trading volume was $78 billion, down 17%, while institutional trading volume was $315 billion, down 9% [22] - USDC market cap hit an all-time high of $60 billion, with average USDC held in Coinbase products increasing by 49% quarter over quarter to $12 billion [11][12] Market Data and Key Metrics Changes - Coinbase secured new licenses in Argentina and India, enhancing its international expansion efforts [12] - The average balance of USDC per holder has tripled over the last two years, indicating strong growth in stablecoin adoption [24] Company Strategy and Development Direction - Coinbase aims to be the leading financial services platform globally, leveraging cryptocurrency to enhance economic freedom [5][7] - The acquisition of Derabit positions Coinbase as the number one crypto derivatives platform globally by open interest, enhancing its international trading capabilities [10][31] - The company is focused on driving utility for the next wave of crypto adoption through emerging products and services [14][15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating macroeconomic uncertainties and maintaining a long-term product roadmap [26] - The dismissal of the SEC lawsuit against Coinbase was highlighted as a significant win for the industry, promoting balanced regulation [19] - Management anticipates continued growth in subscription and services revenue, despite potential declines in trading revenue due to market conditions [28] Other Important Information - Coinbase's adjusted net income metric was introduced to provide clearer insights into profitability, excluding tax-adjusted impacts of crypto investment portfolio gains or losses [25] - The company is actively pursuing M&A opportunities to solidify its market leadership, with a strong balance sheet to support future acquisitions [111] Q&A Session Summary Question: Any plans on share buybacks? - The board authorized a $1 billion share repurchase program, but the focus is on opportunistic capital deployment, including the recent acquisition of Derabit [32][33] Question: What are Coinbase's future plans regarding crypto reserve assets? - Coinbase allocates a percentage of net income to strategic investments in crypto assets, with a recent purchase of $150 million predominantly in Bitcoin [34][35] Question: What opportunities do you see from a growing TAM perspective? - Increased regulatory clarity is expected to benefit Coinbase, allowing it to capture more market share and partner with new entrants in the crypto space [36][41] Question: Can you discuss the Derabit acquisition and its impact? - The acquisition strengthens Coinbase's position in the options market, enhancing profitability and providing cross-selling opportunities [45][48] Question: How does Coinbase view the entry of traditional banks into the crypto space? - Coinbase sees potential partnerships with traditional banks, providing infrastructure and services as they integrate crypto into their offerings [61][65] Question: What is Coinbase's long-term vision? - Coinbase aspires to be the leading financial services app globally, focusing on trading and payments across various customer segments [70][72] Question: How does Coinbase plan to navigate macroeconomic uncertainty? - The company prepares for various market scenarios and remains confident in its ability to invest in growth even in a bear market [115]

Synaptics (SYNA) Q3 2025 Earnings Call May 08, 2025 05:00 PM ET Company Participants Munjal Shah - Investor Relations OfficerKen Rizvi - Senior VP, Interim CEO & CFOVikram Gupta - Chief Product Officer, Senior VP & General Manager of IoT ProcessorsKrish Sankar - Managing DirectorSatish Ganesan - Chief Strategy Officer, Senior VP & General Manager of Intelligent Sensing DivisionVenkat Kodavati - Senior VP & GM of Wireless Products Conference Call Participants Quinn Bolton - Senior AnalystChristopher Rolland ...

Sweetgreen (SG) Q1 2025 Earnings Call May 08, 2025 05:00 PM ET Company Participants Rebecca Nounou - IRJonathan Neman - Co-Founder and CEOMitch Reback - CFOZach Ogden - VP - Equity ResearchRahul Krotthapalli - Vice President - Equity Research Conference Call Participants Jon Tower - AnalystSara Senatore - AnalystSharon Zackfia - Partner & Head of Consumer Equity Research & Analyst - Restaurants, Lifestyle & Leisure BrandsLogan Reich - AnalystBrian Mullan - Director & Senior Research AnalystBrian Bittner - S ...

MP Materials (MP) Q1 2025 Earnings Call May 08, 2025 05:00 PM ET Company Participants Martin Sheehan - SVP, IRJames Litinsky - Founder, Chairman & CEORyan Corbett - CFOMichael Rosenthal - Founder and COODavid Deckelbaum - Managing Director: Sustainability & Energy TransitionBill Peterson - Equity Research Conference Call Participants Laurence Alexander - AnalystMatthew Summerville - Equity AnalystBen Kallo - Senior Research AnalystCorinne Blanchard - Analyst Operator Hello, and welcome to the MP Materials f ...