Latest news with #LifeWorks
Yahoo
10-05-2025
- Business
- Yahoo
TELUS Corp (TU) Q1 2025 Earnings Call Highlights: Record Customer Growth and Strategic ...
Total Mobile and Fixed Customer Growth: 218,000 net additions, the strongest first quarter on record. Postpaid Mobile Phone Churn: 0.84%, a 6 basis points improvement over last year. TTech EBITDA Growth: 4% increase. Mobile Net Additions: 168,000 total, including 20,000 mobile phone net additions and 148,000 connected device net additions. Fixed Customer Additions: 50,000 net additions. Fixed Data Services Revenue Growth: 3% year over year. TELUS Health Revenue and EBITDA Growth: 12% and 30%, respectively. Global Lives Covered by TELUS Health: Increased by 7% year over year to 76.5 million. Annualized Synergies from LifeWorks Acquisition: $376 million, including $306 million from cost efficiencies and $70 million from cross-selling strategies. TELUS Agriculture and Consumer Goods Revenue Growth: 20% year over year. Free Cash Flow Growth: 22.3% increase this quarter. Dividend Increase: 7% increase, with a target of 3% to 8% annual growth from 2026 through 2028. Net Debt to EBITDA Ratio Target: Circa 3 times by 2027. Mobile Network Revenue: Slight decline due to a 3.7% decrease in ARPU. TTech Operating Revenues: Up 2%, driven by higher mobile equipment revenue and fixed data services. TTech Adjusted EBITDA (excluding health): Increased 3% with a margin expansion of 30 basis points to 42.4%. Consolidated Capital Expenditures: Declined by 19% or $132 million. Quarterly Free Cash Flow: $48 million, a 22% increase. Long-term Debt Average Term to Maturity: Over 10 years with a weighted average cost of 4.4%. Leverage: Elevated at 3.9 times, with a plan to reduce to 3 times by 2027. Proceeds from Non-core Asset Monetization: $66 million. Hybrid Debt Securities Raised: $1.6 billion, with 50% receiving equity treatment. Workplace Options Acquisition: Approximately $500 million net of assumed debt. Warning! GuruFocus has detected 7 Warning Signs with TU. Release Date: May 09, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. TELUS Corp (NYSE:TU) achieved industry-best total mobile and fixed customer growth with 218,000 net additions, marking the strongest first quarter on record. The company reported a 4% growth in TTech EBITDA, supported by strong mobile net additions and record Q1 connected device net additions. TELUS Health segment showed impressive momentum with revenue and EBITDA growth of 12% and 30%, respectively, driven by global expansion and product enhancements. The acquisition of Workplace Options expanded TELUS Health's reach to over 160 million lives covered globally, enhancing its comprehensive suite of health and well-being solutions. TELUS Corp (NYSE:TU) announced a 7% dividend increase, reflecting its commitment to delivering superior value to shareholders and extending its dividend growth program through 2028. Mobile network revenue declined slightly due to a 3.7% decrease in ARPU, reflecting ongoing competitive pressures and lower roaming. The wireless service revenue showed a decline, with ARPU under pressure, indicating challenges in balancing volume versus pricing in the competitive market. Leverage remains elevated at 3.9 times, although TELUS Corp (NYSE:TU) is committed to improving its leverage ratio to 3 times by 2027. The company faces challenges in scaling its IoT and machine-to-machine business, particularly in health and agriculture sectors. TELUS Corp (NYSE:TU) continues to operate with a Dividend Reinvestment Plan (DRIP) discount, which may cause dilution to shareholders until it is fully removed by 2027. Q: What is driving the strong revenue and EBITDA growth in TELUS Health, and how do you see it evolving? A: Navin Arora, Executive Vice-president, explained that TELUS Health's growth is fueled by smart acquisitions, strong synergy realization, and enhanced go-to-market strategies. The recent acquisition of Workplace Options adds value with its global reach and complementary products. TELUS Health is reported as a separate segment, and future monetization opportunities will be considered as the business evolves. Q: Can you clarify the financial structure of the Workplace Options acquisition and discuss TELUS's wireless service revenue performance? A: Doug French, CFO, clarified that the $500 million acquisition includes $100 million of assumed debt, with TELUS retaining over 50% control. Darren Entwistle, CEO, acknowledged dissatisfaction with wireless service revenue performance and emphasized the need for improved product bundling, loyalty, and leveraging AI for better revenue management. Q: What are the key factors supporting TELUS's three-year dividend growth plan, and how does deleveraging fit into this strategy? A: Darren Entwistle highlighted TELUS's focus on EBITDA growth, reduced CapEx intensity, and a structured deleveraging plan. Doug French added that monetization initiatives and operational efficiencies will support the dividend growth, with potential for earlier removal of the DRIP discount if deleveraging progresses faster than expected. Q: How is TELUS leveraging AI for cost reduction and growth opportunities, and what are the prospects for an NCIB? A: Tobias Dengel, President of TELUS Digital Solutions, detailed AI's role in driving efficiency and revenue growth, citing examples like agent training and customer service enhancements. Doug French indicated that an NCIB could be considered post-2027, depending on capital allocation priorities and balance sheet strength. Q: Is TELUS Health's disclosure a step towards unlocking value through monetization, and how is the competitive environment shaping up in wireless? A: Navin Arora stated that TELUS is open to monetization opportunities for TELUS Health when the timing is right. Zainul Mawji, EVP, noted that TELUS is focusing on aligning market offerings with value and AMPU focus, observing some similar discipline among competitors. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Associated Press
06-03-2025
- Business
- Associated Press
Susan McDowell Joins Upbring as Advisor for New Austin Community Program
Austin, March 06, 2025 (GLOBE NEWSWIRE) -- Building on the child wellbeing vision unveiled in Dallas, Upbring is proud to announce the launch of its new community-based programming in Austin. As part of this exciting expansion, former LifeWorks CEO Susan McDowell joins Upbring as a strategic advisor, lending her vast expertise to further refine its innovative, data-driven approach to supporting children and families. Drawing on the successful framework developed in Dallas, the Austin initiative will leverage advanced data analytics, community insights, and real-time technology to pinpoint and address the root causes of child adversity. Central to this effort is Upbring's proven VectorPoint ™ assessment tool, which will guide local interventions by measuring long-term healing and resilience in children. 'Bringing this initiative to Austin represents an important milestone in our efforts to transform child wellbeing across Texas,' said Michael Loo, President and CEO at Upbring. 'We are thrilled to welcome Susan McDowell as an advisor. Her leadership experience and deep understanding of community-driven models will be invaluable as we tailor our approach to the unique needs of Austin's diverse communities.' Susan McDowell added, 'Too many families have their lives upended by systems involvement. Upbring has a bold vision to disrupt the status quo through community collaboration, innovative data tools, and true partnership with families. They are thinking outside the box, and I'm excited to be part of making this happen in Austin. By leveraging data-driven insights and deep community engagement, we have the opportunity to create meaningful, lasting change for children and families.' In Austin, Upbring will further expand its reach to even more community organizations, educators, healthcare providers, and local leaders to co-create tailored solutions that address both immediate needs and long-term systemic challenges. By integrating comprehensive data insights with community expertise, the program aims to ensure that every child has access to the resources necessary for their material, physical, cognitive, educational, social, and emotional development. This initiative underscores Upbring's ongoing mission to develop scalable, sustainable models that empower communities to tackle child adversity at its core. The organization invites community members and partners in Austin to join in this collective effort to build healthier, more resilient futures for children and families. For more information or to explore partnership opportunities, contact Upbring at [email protected]. To learn more about its mission, visit and follow Upbring on Facebook, Instagram, and X. Founded in 1881, Upbring is a Texas-wide organization implementing generational innovation to advance child wellbeing. We deliver a broad spectrum of life-restoring services that elevate and heal human beings in our communities. By shifting perspectives and re-imagining current systems, we are securing a future free from the damages of abuse. Join us in our mission to break the cycle of child abuse by empowering children, families and communities.
