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BetMGM raises 2025 forecast on strong iGaming, sports betting growth
(Reuters) -U.S. sports-betting service BetMGM, a joint venture between Entain and MGM Resorts, has raised its full-year 2025 revenue and core earnings forecast after posting a 35% rise in first-half revenue, helped by strong demand in online sports betting and its iGaming division. Growth in player volumes and engagement helped lift iGaming revenue by 28% in the first half, Entain said. Founded in 2018, BetMGM has been expanding its digital footprint to tap into the fast-growing U.S. e-betting market amid stiff competition. BetMGM now expects revenue of at least $2.7 billion and core earnings of at least $150 million in fiscal year 2025, Entain said. It had earlier forecast revenue of at least $2.6 billion, and earnings before interest, taxes, depreciation, and amortization of at least $100 million. Sign in to access your portfolio
Yahoo
19 minutes ago
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TFI International Inc (TFII) Q2 2025 Earnings Call Highlights: Navigating Challenges with ...
Total Revenue Before Fuel Surcharge: $1.8 billion, down from $2 billion a year earlier. Operating Income: $170 million, representing a 9.5% margin. Adjusted Net Income: $112 million, compared to $146 million last year. Adjusted EPS: $1.34, down from $1.71. Net Cash from Operating Activities: $247 million, virtually flat with the prior year. Free Cash Flow: $182 million, up from $151 million in the second quarter of 2024. LTL Revenue Before Fuel Surcharge: $704 million, down 11% year over year. LTL Operating Income: $74 million, compared to $110 million in the prior year. LTL Operating Ratio: 89.5%, compared to 86.2% in the second quarter of 2024. Truckload Revenue Before Fuel Surcharge: $712 million, compared to $738 million a year earlier. Truckload Operating Income: $71 million, versus $81 million in the prior year. Truckload Operating Ratio: 90.1%, relative to 89% in the second quarter of 2024. Logistics Revenue Before Fuel Surcharge: $393 million, down from $442 million in the prior year. Logistics Operating Income: $38 million, compared to $51 million. Logistics Operating Margin: 9.6%, compared to 11.4% in the prior year second quarter. Funded Debt-to-EBITDA Ratio: 2.4 times. Share Repurchases: $85 million worth of shares repurchased during the quarter. Dividends Paid: $39 million, totaling $124 million of capital returned to shareholders. Third Quarter 2025 EPS Outlook: Expected range of $1.10 to $1.25. Net CapEx Expectation for Full Year: Approximately $200 million. Release Date: July 28, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points TFI International Inc (NYSE:TFII) reported strong free cash flow of $182 million, significantly above the previous year's $151 million. The company maintained a strong balance sheet and further strengthened it through a private placement bond offering. TFI International Inc (NYSE:TFII) achieved a 9.5% operating margin, an improvement from the previous year's 2.5%. The company repurchased $85 million worth of shares and paid out $39 million in dividends, returning a total of $124 million to shareholders. TFI International Inc (NYSE:TFII) implemented technology tools like Optum to improve efficiencies and reduce costs, particularly in linehaul operations. Negative Points Total revenue before fuel surcharge decreased to $1.8 billion from $2 billion a year earlier. Adjusted net income fell to $112 million from $146 million in the previous year, with adjusted EPS dropping from $1.71 to $1.34. The LTL segment saw a decline in revenue and operating income, with an operating ratio increase from 86.2% to 89.5%. Truckload segment revenue and operating income also decreased, with tariff-related uncertainties affecting demand. Logistics segment revenue and operating income declined, with a decrease in operating margin from 11.4% to 9.6%. Q & A Highlights Q: Can you remind us what is the margin ceiling you can achieve with further internal actions before the cycle starts to help you out on the LTL side? A: Alain Bedard, CEO, explained that TFI is very cost-sensitive and has implemented tools like Optum for linehaul and P&D to reduce costs. They have reduced linehaul miles on the rail from over 30% to closer to 20% and aim to further decrease this. Improvements in claims and safety are also targeted, with new hires to enhance safety culture. AI is being explored to reduce labor intensity and costs. Q: Can you give us a little more color on the Q3 guidance, $1.10 to $1.25, and the margin assumptions there? A: David Saperstein, CFO, stated that the guidance is based on historical seasonality, with expected sequential declines in margins across divisions. The company aims to offset some of this with idiosyncratic opportunities. Q: Are you seeing any signs that the macro environment could start to improve in the front half of '26? A: Alain Bedard, CEO, expressed optimism that the new US budget could revive industrial investment, potentially ending the freight recession. However, concrete improvements have not yet been seen, and any recovery might be more evident in late '25 or early '26. Q: Can you talk about the sustainability of the free cash flow? A: Alain Bedard, CEO, emphasized TFI's strong cash generation, even in difficult macro conditions. The company aims to maintain this by focusing on asset-light models, particularly in the US, and expects free cash flow to potentially reach close to $1 billion in a normal environment. Q: Are there any plans for M&A in the LTL sector, given the improvements seen this quarter? A: Alain Bedard, CEO, stated that while M&A for LTL is not currently on the table, the company aims to prove control over TForce Freight first. If successful, they might consider larger transactions in 2026, but for now, they focus on buying back TFI shares. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Yahoo
19 minutes ago
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Woodward Inc (WWD) Q3 2025 Earnings Call Highlights: Record Sales and Strategic Aerospace Advances
Revenue: Record net sales of $915 million, an increase of 18% year-over-year. Earnings Per Share (EPS): $1.76, up from $1.63 year-over-year. Aerospace Segment Sales: $596 million, a 15% increase year-over-year. Aerospace Margins: Expanded 140 basis points to 21.1%. Industrial Segment Sales: $319 million, a decrease of 3% year-over-year. Core Industrial Sales Growth: Excluding China on-highway and combustion, grew by 9%. Industrial Margins: Core Industrial margins expanded to 15.6% of sales, up 90 basis points. Free Cash Flow: $159 million for the first nine months, down from $225 million year-over-year. Debt Leverage: 1.5 times EBITDA as of June 30, 2025. Shareholder Returns: $172 million returned in the first nine months, including $124 million in share repurchases and $48 million in dividends. 2025 Sales Guidance: Revised to $3.45 billion to $3.525 billion. 2025 Adjusted EPS Guidance: Revised to $6.50 to $6.75. 2025 Free Cash Flow Guidance: Revised to $315 million to $350 million. Warning! GuruFocus has detected 6 Warning Sign with CDNS. Release Date: July 28, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Woodward Inc (NASDAQ:WWD) reported record sales for the third quarter of 2025, with an 8% year-over-year increase. Aerospace segment sales reached a record $596 million, marking a 15% increase, driven by strong defense OEM sales and commercial services. The company secured a significant contract with Airbus to provide spoiler control actuators for the A350, enhancing its position in the aerospace market. Woodward Inc (NASDAQ:WWD) completed the acquisition of Safran's North American electromechanical actuation business, strengthening its capabilities in the aerospace sector. The company raised its full-year sales and earnings guidance based on strong year-to-date performance and a stable macro environment. Negative Points Industrial segment sales declined by 3%, primarily due to a significant drop in China on-highway sales. Free cash flow decreased to $159 million for the first nine months of 2025, down from $225 million, due to increased working capital. The company anticipates increased capital expenditures in 2026 and 2027 to support growth initiatives, which may impact free cash flow. Aerospace margins were impacted by an unfavorable mix due to growth in lower-margin defense OEM products. Supply chain challenges continue to affect aircraft deliveries, impacting the commercial OEM sales performance. Q & A Highlights Q: Chip, I thought I heard you say that LEAP and GTF aftermarket volumes are now close to legacy volumes. Could you clarify? A: Charles Blankenship, CEO: Yes, LEAP and GTF volumes are now in the same neighborhood as legacy volumes, though still short of the total. We forecast the crossover around 2028. The growth in LEAP and GTF is having a meaningful impact on our commercial Aero services revenue and margin. Q: Bill, can you explain the sequential margin decline in Aerospace in the third quarter and the expected improvement in the fourth quarter? A: William Lacey, CFO: The decline was due to strong growth in defense OE, which has lower profit margins, causing an unfavorable mix. For the fourth quarter, we expect incrementals to return to first-half levels, driven by smart defense program pricing and strong commercial aftermarket business. Q: Can you elaborate on the investments impacting the third quarter margin and the free cash flow reduction? A: William Lacey, CFO: Investments were made to drive productivity, including team leaders, operations supervisors, and manufacturing engineers. The free cash flow reduction is due to increased inventory to meet customer demands and improve supply chain visibility. Q: Regarding the A350 spoiler win, is this a broader play for future actuation wins on next-gen narrow-body aircraft? A: Charles Blankenship, CEO: The A350 spoiler actuator business is substantial, with 12 actuators per aircraft. The investment is significant but manageable, and we see it as a strategic move to position ourselves for future opportunities. Q: How do you view the growth in power generation over the coming years relative to OEMs like GE Vernova and Rolls-Royce? A: Charles Blankenship, CEO: We see similar growth to OEMs, but it can vary based on which platforms win applications. Our products are on various gas turbines and reciprocating engines, so our growth aligns with OEM forecasts. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
