Latest news with #financialResults
Yahoo
5 days ago
- Business
- Yahoo
Ncino Inc (NCNO) Q1 2026 Earnings Call Highlights: Strong Revenue Growth Amid Strategic ...
Total Revenue: $144.1 million, up 13% year over year. Subscription Revenue: $125.6 million, up 14% year over year. Professional Services Revenue: $18.5 million, up 5% year over year. Non-U.S. Total Revenue: $31.6 million, up 22% year over year. Non-GAAP Operating Income: $24.8 million, representing 17% of total revenues. Non-GAAP Net Income: $18.4 million or $0.16 per diluted share. Share Repurchase: Approximately 1.8 million shares repurchased at an average price of $22.17. Q2 Revenue Guidance: $142 million to $144 million. Q2 Subscription Revenue Guidance: $124.5 million to $126.5 million. Q2 Non-GAAP Operating Income Guidance: $23.5 million to $24.5 million. Fiscal '26 Subscription Revenue Guidance: $507 million to $511 million. Fiscal '26 Total Revenue Guidance: $578.5 million to $582.5 million. Fiscal '26 Non-GAAP Operating Income Guidance: $112 million to $116 million. Fiscal '26 Non-GAAP Net Income Guidance: $0.69 to $0.72 per diluted share. Restructuring Event: Affected approximately 7% of global workforce, expected to realize $24 million in gross annualized expense savings. Warning! GuruFocus has detected 3 Warning Sign with NCNO. Release Date: May 28, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Ncino Inc (NASDAQ:NCNO) reported total revenues of $144.1 million for Q1, a 13% increase year over year, with subscription revenues rising by 14%. The company exceeded expectations in non-GAAP operating income, reporting $24.8 million, or 17% of total revenues. Ncino Inc (NASDAQ:NCNO) showcased significant enhancements to its platform at the Annual nSight Customer Conference, including 16 new AI-driven banking adviser capabilities. The company saw strong international growth, with non-U.S. total revenues up 22% year over year, and a significant add-on deal at a top Canadian bank. Ncino Inc (NASDAQ:NCNO) is leveraging AI to streamline operations and improve efficiency, which is expected to drive future subscription revenue growth. Ncino Inc (NASDAQ:NCNO) announced a restructuring event affecting approximately 7% of its global workforce, indicating potential internal challenges. Professional services gross margins have been a drag on overall gross margin, with ongoing cost pressures in the community bank space. The company is not flowing through the approximately $800,000 of seasonal overperformance in U.S. mortgage subscription revenues to its full-year guidance. There are concerns about decelerating subscription revenue growth in fiscal 2026, with difficult comps expected in the second half of the year. The restructuring is expected to incur $7.5 million to $9 million in onetime costs, impacting fiscal '26 free cash flow. Q: How are you thinking about underlying demand and willingness to invest with your bank clients? A: Sean Desmond, Chief Customer Success Officer, expressed confidence in the demand, validated by strong interest at their nSight user conference. Despite macroeconomic challenges, banks are maintaining their budgets and focusing on driving efficiency, indicating strong demand for nCino's solutions. Q: Can you discuss the professional services gross margins and the path to improvement? A: Gregory Orenstein, Chief Financial Officer, noted that cost pressures have been concentrated in the community bank space. They are redesigning products for quicker implementation and leveraging AI to improve margins. While it will take time to see results, they are confident in executing these improvements. Q: What is most misunderstood about nCino's story? A: Sean Desmond believes there is good alignment and understanding of nCino's focus on execution discipline and growth initiatives. He feels confident that investors understand their strategy, including their focus on AI and market opportunities in onboarding, credit unions, and international expansion. Q: How is AI playing a role in workforce efficiency and office space utilization? A: Sean Desmond explained that they have streamlined operations, including office space, to align with current needs. AI is being leveraged to modernize software development, increasing efficiency and reducing headcount while maintaining or increasing productivity. Q: Can you provide insights into the consumer lending momentum and its impact on ACV targets? A: Sean Desmond highlighted strong momentum in consumer lending, with a mix of revenues from commercial, consumer, and mortgage sectors. The activation of the credit union go-to-market team is expected to further boost growth, with significant opportunities in both banks and credit unions. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Business
- Yahoo
Columbus McKinnon Corp (CMCO) Q4 2025 Earnings Call Highlights: Navigating Challenges with ...
Net Sales: $963 million for fiscal 2025, down 4% year over year on a constant currency basis. Fourth Quarter Sales: $246.9 million, down 5% from the prior year on a constant currency basis. Backlog: $322.5 million, a 15% increase versus the prior year. Gross Profit: $79.8 million in the fourth quarter, decreased by $14.5 million year over year. Gross Margin: 32.3% on a GAAP basis; 35.2% on an adjusted basis. Adjusted Operating Income: $24.1 million in the fourth quarter. Adjusted Operating Margin: 9.8% in the fourth quarter. Adjusted EPS: $0.60 for the fourth quarter. Adjusted EBITDA: $36.1 million in the fourth quarter, with a margin of 14.6%. Free Cash Flow: $29.5 million in the fourth quarter. Debt Repayment: $60 million paid down in fiscal 2025, including $15 million in the fourth quarter. Net Leverage Ratio: 3.1 times on a financial covenant basis. Fiscal 2026 Guidance: Net sales growth flat to slightly up; adjusted EPS growth flat to slightly up. Warning! GuruFocus has detected 3 Warning Sign with CMCO. Release Date: May 28, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Columbus McKinnon Corp (NASDAQ:CMCO) delivered record orders in fiscal '25, with a 4% increase versus the prior year on a constant currency basis. The company saw strong growth in project-related orders, particularly in precision conveyance, which was up 19% year over year. Backlog increased by 15% to $322.5 million, positioning the company well for fiscal '26. Operational execution improved, with a top-tier TRIR of 0.54 and a 10-point improvement in net promoter score in the EMEA region. The pending acquisition of Keto Crosby is expected to scale the business, expand customer capabilities, and accelerate the intelligent motion strategy. Net sales were down 4% year over year on a constant currency basis, reflecting lower volume due to short cycle order softness. Gross profit decreased by $14.5 million due to lower sales volume, mix, and factory closure costs. Tariffs are expected to be a headwind, with a $0.20 to $0.30 impact on adjusted EPS in the first half of fiscal 2026. The company faces macroeconomic uncertainty and volatility related to the evolving US policy landscape. Short cycle orders remain sensitive to channel dynamics, impacted by policy uncertainty and channel consolidation. Q: What is the tariff rate embedded for China and the EU, and how might the Keto Crosby acquisition impact tariff mitigation? A: David Wilson, President and CEO, explained that the tariff rates considered are 145% for China and 10% for the EU. The company is advancing integration planning for Keto Crosby, which could potentially help mitigate tariff impacts quicker or more effectively than currently guided. Q: How has the short cycle order trend been through April and early June, and what is expected for Keto Crosby? A: David Wilson noted that short cycle sales improved in the latter part of Q4, showing a flat year-over-year performance, which was a significant improvement from Q3. While he couldn't comment on Keto Crosby's results, similar activity levels are anticipated. Q: Can you elaborate on the tariff situation and the expected mitigation measures? A: David Wilson stated that the company expects a $40 million tariff headwind, with mitigation through surcharges, pricing, and supply chain management. The guidance assumes flat to slightly up revenue, with potential volume reductions due to price increases. Q: What is driving the strength in precision conveyance orders, and how are margins in this area? A: David Wilson highlighted robust demand in precision conveyance, with a 19% year-over-year order growth. This demand is driven by sectors like battery production, life sciences, and e-commerce, with contributions from Mantra Tech and Dorner businesses. Q: Why was the mix negative to margin despite strong precision conveyance orders? A: David Wilson explained that while orders were strong, sales were down, impacting margins due to lower volume and mix. The company expects improvements in fiscal '26 as volume ramps up, particularly in precision conveyance and North American linear motion businesses. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
6 days ago
- Business
- Globe and Mail
Blackline Safety Announces Fiscal Second Quarter 2025 Financial Results Conference Call
Blackline Safety Corp. (TSX: BLN), a global leader in connected safety technology, today announced it will release its fiscal second quarter 2025 financial results before markets open on Wednesday, June 11, 2025. Management will host a conference call and webcast to discuss the Company's financial results at 11:00 am ET the same day. Blackline Safety Corp. Fiscal Second Quarter 2025 Financial Results Conference Call When: Wednesday, June 11, 2025 Time: 11:00 am ET Webcast Link: Dial-in Instructions: Please dial in 5-10 minutes prior to the scheduled start time and ask to join the Blackline Safety Corp. earnings conference call. Canada/USA Toll Free: 1-833-821-3052 International Toll: 1-647-846-2509 A replay will be available after 2:00 PM ET on June 11, 2025 through July 11, 2025 by dialing 1-855-669-9658 (Canada/USA Toll Free) or 1-412-317-0088 (International Toll) and entering access code 3417383. About Blackline Safety: Blackline Safety is a technology leader driving innovation in the industrial workforce through IoT (Internet of Things). With connected safety devices and predictive analytics, Blackline enables companies to drive towards zero safety incidents and improved operational performance. Blackline provides wearable devices, personal and area gas monitoring, cloud-connected software and data analytics to meet demanding safety challenges and enhance overall productivity for organizations with customers in more than 75 countries. Armed with cellular and satellite connectivity, Blackline provides a lifeline to tens of thousands of people, having reported over 275 billion data-points and initiated over eight million emergency alerts. For more information, visit and connect with us on Facebook, X (formerly Twitter), LinkedIn and Instagram.
Associated Press
6 days ago
- Business
- Associated Press
Abercrombie & Fitch Co. Reports First Quarter Fiscal 2025 Results
NEW ALBANY, Ohio, May 28, 2025 (GLOBE NEWSWIRE) -- Abercrombie & Fitch Co. (NYSE: ANF) today announced results for the first quarter ended May 3, 2025. These compare to results for the first quarter ended May 4, 2024. Descriptions of the use of non-GAAP financial measures and reconciliations of GAAP and non-GAAP financial measures accompany this release. Fran Horowitz, Chief Executive Officer, said, 'We delivered record first quarter net sales with 8% growth to last year. This was above our expectations and was supported by broad-based growth across our three regions. Hollister brands led the performance with growth of 22%, achieving its best ever first quarter net sales, while Abercrombie brands net sales were down 4% against 31% sales growth in 2024. We exceeded our expectations on the bottom line as well, with operating margin of 9.3% and earnings per share of $1.59. We also returned excess cash to shareholders through share repurchases totaling $200 million in the quarter, marking our fifth consecutive quarter of share repurchases. As we navigate the current environment, we have the team and proven capabilities in place to read, react and adapt, while continuing to deliver for customers globally. Importantly, with a strong foundation, we remain on offense and focused on top-line growth, store expansion, and investments in digital and technology that will enable sustainable long-term success.' Details related to reported net income per diluted share and adjusted net income per diluted share for the first quarter are as follows: (1) The estimated impact from foreign currency is calculated by applying current period exchange rates to prior year results using a 26% tax rate. A summary of results for the first quarter ended May 3, 2025 as compared to the first quarter ended May 4, 2024: Net sales by segment and brand for the first quarter are as follows: (1) Net sales by segment are presented by attributing revenues to a physical store location or geographical region that fulfills the order. (2) Comparable sales are calculated on a constant currency basis. Refer to 'REPORTING AND USE OF GAAP AND NON-GAAP MEASURES,' for further discussion. (3) The Americas segment includes the results of operations in North America and South America. (4) The EMEA segment includes the results of operations in Europe, the Middle East and Africa. (5) The APAC segment includes the results of operations in the Asia-Pacific region, including Asia and Oceania. As of May 3, 2025 the company had: Details related to the company's cash flows for the year-to-date period ended May 3, 2025 are as follows: During the first quarter of 2025, the company repurchased 2.6 million shares for approximately $200 million, representing a 5% reduction in shares outstanding prior to the vesting impact of stock compensation. The company has $1.1 billion remaining on the share repurchase authorization established in March 2025. Depreciation and amortization was $39 million for the year-to-date period ended May 3, 2025. (1) Includes the estimated impact from the tariffs on goods imported into the United States in accordance with trade policies currently in effect. This includes a 30% tariff on imports from China, and a 10% tariff on all other global imports, but excludes other currently-paused tariffs and any other potential future trade policy changes imposed by the United States or other countries. Net of planned mitigation efforts, the full year outlook assumes approximately $50 million of tariff expense, or 100 basis points as a percent of net sales. (2) Released March 5, 2025. (3) The current outlook for effective tax rate is sensitive to the jurisdictional mix and level of income and does not include the impact of potential future tax policy or legislative changes. (4) The current outlook for net income per diluted share and diluted weighted average shares includes the anticipated impact to shares outstanding from potential share repurchase activity in fiscal 2025. (5) The timing and amount of any such repurchases will be determined based on an evaluation of market conditions, the company's share price, legal requirements, and other factors. Today at 8:30 a.m. ET, the company will conduct a conference call and provide additional details around its quarterly results and its outlook for the second quarter. To access the call by phone, participants will need to register at the following URL address to obtain a dial-in number and passcode: A presentation of first quarter results will be available in the 'Investors' section at at approximately 7:30 a.m. ET, today. Important information may be disseminated initially or exclusively via the website; investors should consult the site to access this information. This Press Release and related statements by management or spokespeople of Abercrombie & Fitch Co. (A&F) contain forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). These statements, including, without limitation, statements regarding our second quarter and annual fiscal 2025 results, relate to our current assumptions, projections and expectations about our business and future events. Any such forward-looking statements involve risks and uncertainties and are subject to change based on various important factors, many of which may be beyond the company's control. The inclusion of such information should not be regarded as a representation by the company, or any other person, that the objectives of the company will be achieved. Words such as 'estimate,' 'project,' 'plan,' 'goal,' 'believe,' 'expect,' 'anticipate,' 'intend,' 'should,' 'are confident,' 'will,' 'could,' 'outlook,' and similar expressions may identify forward-looking statements. Except as may be required by applicable law, we assume no obligation to publicly update or revise any forward-looking statements, including any financial targets, estimates, or performance outlooks whether as a result of new information, future events, or otherwise. Factors that may cause results to differ from those expressed in our forward-looking statements include, but are not limited to, the factors disclosed in Part I, Item 1A. 'Risk Factors' of the company's Annual Report on Form 10-K for the fiscal year ended February 1, 2025, and in our subsequent reports and filings with the Securities and Exchange Commission, as well as the following factors: risks related to global trade policy, including the impact of the imposition or threat of imposition of new or increased tariffs by the United States or foreign governments, other changes to and continued uncertainties relating to trade policies and arrangements, or a global trade war; risks related to changes in global economic and financial conditions, including inflation, and the resulting impact on consumer spending and our operating results, financial condition, and expense management; risks related to global operations, including changes in the economic or political conditions where we sell or source our products; risks related to the geopolitical landscape and ongoing armed conflicts, acts of terrorism, mass casualty events, social unrest, civil disturbance or disobedience and the impact of such conflicts or events on international trade, supplier delivery or increased freight costs; risks related to natural disasters and other unforeseen catastrophic events; risks related to our failure to engage our customers, anticipate customer demand, expectations, and changing fashion trends, and manage our inventory and product delivery; risks related to our failure to operate effectively in a highly competitive and constantly evolving industry; risks related to our ability to successfully invest in and execute on our customer, digital and omnichannel initiatives; risks related to our ability to execute on, and maintain the success of, our strategic and growth initiatives; risks related to fluctuations in foreign currency exchange rates; risks related to fluctuations in our tax obligations and effective tax rate, including as a result of earnings and losses generated from our global operations, may result in volatility in our results of operations; risks and uncertainty related to adverse public health developments; risks associated with climate change and other corporate responsibility issues; risks related to reputational harm to the company, its officers, and directors; risks related to actual or threatened litigation; risks related to cybersecurity threats and privacy or data security breaches, and the potential loss or disruption to our information systems, and uncertainties related to future legislation, regulatory reform, policy changes, or interpretive guidance on existing laws and regulations. This document includes certain adjusted non-GAAP financial measures where management believes it to be helpful in understanding the company's results of operations or financial position. Additional details about non-GAAP financial measures and a reconciliation of GAAP financial measures to non-GAAP financial measures can be found in the 'Reporting and Use of GAAP and Non-GAAP Measures' section. Sub-totals and totals may not foot due to rounding. Net income and net income per share financial measures included herein are attributable to Abercrombie & Fitch Co., excluding net income attributable to noncontrolling interests. As used in this document, references to 'Americas' includes North America and South America, 'EMEA' includes Europe, the Middle East and Africa and 'APAC' includes the Asia-Pacific region, including Asia and Oceania. Abercrombie & Fitch Co. (NYSE: ANF) is a global, digitally led, omnichannel specialty retailer of apparel and accessories catering to kids through millennials with assortments curated for their specific lifestyle needs. The company operates a family of brands, including Abercrombie brands and Hollister brands, each sharing a commitment to offer products of enduring quality and exceptional comfort that support global customers on their journey to being and becoming who they are. Abercrombie & Fitch Co. operates approximately 790 stores under these brands across North America, Europe, Asia and the Middle East, as well as the e-commerce sites and Reporting and Use of GAAP and Non-GAAP Measures The company believes that each of the non-GAAP financial measures presented are useful to investors as they provide a measure of the company's operating performance excluding the effect of certain items which the company believes do not reflect its future operating outlook, such as asset impairment charges, therefore supplementing investors' understanding of comparability of operations across periods. Management used these non-GAAP financial measures during the periods presented to assess the company's performance and to develop expectations for future operating performance. Non-GAAP financial measures should be used supplemental to, and not as an alternative to, the company's GAAP financial results, and may not be calculated in the same manner as similar measures presented by other companies. The company provides comparable sales, defined as the percentage year-over-year change in the aggregate of: (1) sales for stores that have been open as the same brand at least one year and whose square footage has not been expanded or reduced by more than 20% within the past year, with prior year's net sales converted at the current year's foreign currency exchange rate to remove the impact of foreign currency rate fluctuation, and (2) digital net sales with prior year's net sales converted at the current year's foreign currency exchange rate to remove the impact of foreign currency rate fluctuation. The company also provides certain financial information on a constant currency basis to enhance investors' understanding of underlying business trends and operating performance, by removing the impact of foreign currency exchange rate fluctuations. The effect from foreign currency, calculated on a constant currency basis, is determined by applying current year average exchange rates to prior year results and is net of the year-over-year impact from hedging. The per diluted share effect from foreign currency is calculated using a 26% tax rate. In addition, the company provides EBITDA as a supplemental measure used by the company's executive management to assess the company's performance. We also believe these supplemental performance measures are meaningful information for investors and other interested parties to use in computing the company's core financial performance over multiple periods and with other companies by excluding the impact of differences in tax jurisdictions, debt service levels and capital investment. (1)'GAAP' refers to accounting principles generally accepted in the United States of America. (2)The estimated impact from foreign currency is determined by applying current period exchange rates to prior year results and is net of the year-over-year impact from hedging. The per diluted share estimated impact from foreign currency is calculated using a 26% tax rate. (3) The estimated basis point change has been rounded based on the percentage change. (1) EBITDA is a supplemental financial measure that is not defined or prepared in accordance with GAAP. EBITDA is defined as net income before interest, income taxes and depreciation and amortization. (2)
National Post
6 days ago
- Business
- National Post
Blackline Safety Announces Fiscal Second Quarter 2025 Financial Results Conference Call
Article content Article content CALGARY, Canada — Blackline Safety Corp. (TSX: BLN), a global leader in connected safety technology, today announced it will release its fiscal second quarter 2025 financial results before markets open on Wednesday, June 11, 2025. Management will host a conference call and webcast to discuss the Company's financial results at 11:00 am ET the same day. Article content Blackline Safety Corp. Fiscal Second Quarter 2025 Financial Results Conference Call Article content When: Wednesday, June 11, 2025 Time: 11:00 am ET Webcast Link: Dial-in Instructions: Please dial in 5-10 minutes prior to the scheduled start time and ask to join the Blackline Safety Corp. earnings conference call. Article content A replay will be available after 2:00 PM ET on June 11, 2025 through July 11, 2025 by dialing 1-855-669-9658 (Canada/USA Toll Free) or 1-412-317-0088 (International Toll) and entering access code 3417383. Article content About Blackline Safety: Blackline Safety is a technology leader driving innovation in the industrial workforce through IoT (Internet of Things). With connected safety devices and predictive analytics, Blackline enables companies to drive towards zero safety incidents and improved operational performance. Blackline provides wearable devices, personal and area gas monitoring, cloud-connected software and data analytics to meet demanding safety challenges and enhance overall productivity for organizations with customers in more than 75 countries. Armed with cellular and satellite connectivity, Blackline provides a lifeline to tens of thousands of people, having reported over 275 billion data-points and initiated over eight million emergency alerts. For more information, visit and connect with us on Facebook, X (formerly Twitter), LinkedIn and Instagram. Article content Article content Article content Article content Contacts Article content Article content Article content
