Connect with us
DAPA Banner

Business

Phoenix Education Partners, Inc. (PXED) Q2 2026 Earnings Call Transcript

Published

on

OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Phoenix Education Partners, Inc. (PXED) Q2 2026 Earnings Call April 7, 2026 5:00 PM EDT

Company Participants

Elizabeth Coronelli – Vice President of Investor Relations
Christopher Lynne – President, CEO & Director
Blair Westblom – CFO & Treasurer

Conference Call Participants

Advertisement

Jasper Bibb – Truist Securities, Inc., Research Division
Alexander Paris – Barrington Research Associates, Inc., Research Division
Keen Fai Tong – Goldman Sachs Group, Inc., Research Division
Griffin Boss – B. Riley Securities, Inc., Research Division
Ryan Griffin – BMO Capital Markets Equity Research
Stephanie Benjamin Moore – Jefferies LLC, Research Division

Presentation

Operator

Advertisement

Good afternoon, and welcome to Phoenix Education Partners Second Quarter Fiscal 2026 Earnings Conference Call. [Operator Instructions]

I would now like to turn the call over to Beth Coronelli, Vice President of Investor Relations. Please go ahead.

Elizabeth Coronelli
Vice President of Investor Relations

Advertisement

Thank you. Welcome to the Phoenix Education Partners’ Second Quarter Fiscal 2026 Earnings Conference Call. Speaking on today’s call are Chris Lynne, our Chief Executive Officer; and Blair Westblom, our Chief Financial Officer. Before we begin, I would like to remind everyone that certain statements and projections of future results made in this presentation constitute forward-looking statements that are based on current market, competitive and regulatory expectations and are subject to risks and uncertainties that could cause actual results to vary materially.

Listeners should not place undue reliance on such statements. We undertake no obligation to update publicly any forward-looking statements after this presentation. The risks related to these forward-looking statements are described in our filings with the SEC, including our most recent Form 10-K, Form 10-Q and other public filings.

We will also discuss certain non-GAAP financial measures. You should consider our non-GAAP results as supplements to and not in lieu of our GAAP results. Reconciliations to the most directly comparable GAAP measures can be found in

Advertisement
Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Business

RBC Capital lowers Pharvaris stock price target on model adjustments

Published

on


RBC Capital lowers Pharvaris stock price target on model adjustments

Continue Reading

Business

Market bets on Aurobindo as Europe, US sales show uptick

Published

on

Market bets on Aurobindo as Europe, US sales show uptick
ET Intelligence Group: The stock of Aurobindo Pharma has shown resilience in a volatile market, gaining nearly 9% in a month compared with a 4.3% fall in the ET Pharma Index. The stock currently trades near its 52-week high, buoyed by improving sales in Europe, new launches in the US generics market, and improving injectables momentum. The company is also focusing on the development of APIs and formulations for the GLP-1 weight loss category. Analysts expect Aurobindo’s growth to be driven by expanding product launches, margin support from backward integration and the integration of Lannett, a newly acquired US-based complex generics manufacturer.

The drug maker’s Pen G and 6-APA backward-integration project has reached break-even, with output ramping up to an annualised 9,000-10,000 tonnes. With the government set to reset minimum import price (MIP) on Pen G, 6-APA and Amoxicillin, which are antibiotics used to treat bacterial infections, from the first quarter of FY27, pricing is expected to improve, offering a further boost to profitability.

Market Bets on Aurobindo as Europe, US Sales Show UptickAgencies

Growth Pulse Co to gain from new product launches and backward integration even as the new acquisition in US starts to deliver

The US business, after reporting a 3% drop year-on-year in the December 2025 quarter, is expected to pick up, led by ramp-up in sterile capacity, execution of the specialty pipeline and synergies from the integration of Lannett Company, acquired in July 2025. In addition, the Dayton facility in the US has moved into the commercial phase and is expected to start contributing meaningfully from FY27, while the Raleigh sterile facility awaits regulatory clearance. The drug maker expects the pace of the US launches to remain healthy amid intense competition.

Advertisement

Europe remains the strongest region for Aurobindo, supported by a steady flow of launches across key markets such as Germany, France and Southern Europe. The region’s revenue share improved to over 31% in the December quarter from nearly 27% in FY25. The company has retained the guidance of crossing 1 billion in annual revenue for FY26 compared with 921 million in FY25. It has begun launches of key products such as bevacizumab and trastuzumab, used in cancer treatment, in parts of Europe. The oral solid dosage facility in China is expected to breakeven at the operating level in the March 2026 quarter helped by production gradually scaling towards two billion units annually and EU approvals for 10 products. The unit is likely to start contributing to the bottomline in FY27.


Motilal Oswal Financial Services expects Aurobindo to deliver 21% earnings growth annually over FY26-28. The broker has maintained a buy rating on the stock with a target price of ₹1,500, implying an upside of around 13% from Tuesday’s closing price of ₹1,329.6 on the BSE.

Continue Reading

Business

Asian shares: Global Market Today | Oil dives, Asian stocks surge as Trump agrees to two-week ceasefire

Published

on

Asian shares: Global Market Today | Oil dives, Asian stocks surge as Trump agrees to two-week ceasefire
SINGAPORE: Oil prices dived, bonds rallied and stocks surged on Wednesday after a two-week ceasefire in the Middle East spurred a relief rally as investors cheered the possible resumption of oil and gas flowing through the Strait of Hormuz.

U.S. President Donald Trump said he agreed to suspend bombing and ‌attacks on ⁠Iran ⁠for two weeks and that a long-term peace agreement was in progress.

Global markets have been rattled since the U.S. and Israel attacked Iran at the end of February, leading Tehran to effectively close the Strait of Hormuz, a key waterway used to transit one-fifth of the world’s oil and gas.

U.S. crude futures fell around 16.5% to $94 a ⁠barrel, S&P 500 futures ‌leapt over 2% and the dollar fell broadly, having been the haven of choice for investors during the tumult.

Advertisement

“Markets ⁠have been predicting that Trump was looking for an off-ramp in Iran,” said Jamie Cox, managing partner at Harris Financial Group. “Today, he got one and took it.”


Futures pointed to broad gains for Asia’s stock markets, which have been beaten down by war and soaring energy prices, and 10-year U.S. Treasury futures jumped about 15 ticks.
The risk-sensitive Australian dollar rose 1.3% to above $0.7070 and ‌the euro gained 0.76% to $1.1683. Cryptocurrencies also rose. Trump had set a late Tuesday deadline for a deal with Iran to be reached, threatening to destroy ⁠every bridge and power plant in the country if Iran did not reopen the Strait of Hormuz. Iran had said it would retaliate against U.S. allies in the Gulf.

The six-week conflict has sent oil prices surging, stoked worries of inflation and upended the global rates outlook with countries and companies scrambling to adjust to the energy shock.

In commodities, gold prices rose over 2% to $4,812 per ounce.

Advertisement
Continue Reading

Business

Coca-Cola FEMSA: An Irreplicable Logistics Machine At A Fair Price

Published

on

Coca-Cola FEMSA: An Irreplicable Logistics Machine At A Fair Price

Coca-Cola FEMSA: An Irreplicable Logistics Machine At A Fair Price

Continue Reading

Business

Thai Government Plans Fuel Price Restructuring Ahead of Songkran

Published

on

Thai Government Plans Fuel Price Restructuring Ahead of Songkran

The government plans to restructure oil prices to alleviate the impact of rising fuel costs on the public. This initiative aims to reduce economic strain and is timed strategically before Songkran upcoming events.


GOVERNMENT PLANS FUEL PRICE RESTRUCTURE BEFORE SONGKRAN

The government is considering a restructuring of fuel prices ahead of the Songkran festival, a key period marked by increased travel across the country. This strategic move aims to provide financial relief to consumers during the holiday season, where transportation costs typically surge. By reassessing the pricing model, officials hope to balance market demands and economic stability.

Amid rising global oil prices, the proposed restructuring seeks to mitigate potential impacts on the domestic economy. Discussions are focusing on adjusting taxes and subsidies to offer a fair pricing scheme. Such measures are anticipated to support economic growth while ensuring affordability for all citizens. The government emphasizes transparency and stakeholder involvement in making these critical decisions.

With Songkran approaching, the timely implementation of this policy could positively affect millions of travelers. By lowering fuel costs, the government aims to boost tourism, encourage spending, and promote a more prosperous festive season. This proactive approach underscores the administration’s commitment to economic resilience and public welfare, ensuring that celebrants enjoy a more affordable and joyous holiday experience.

Advertisement

source

Continue Reading

Business

Chrysler CEO touts minivan ‘resurgence’ but stays quiet on plans

Published

on

Chrysler CEO touts minivan 'resurgence' but stays quiet on plans

Matt McAlear, chief executive officer of Chrysler and Dodge, during the 2026 New York International Auto Show (NYIAS) in New York, US, on Wednesday, April 1, 2026.

Bing Guan | Bloomberg | Getty Images

Chrysler and Dodge CEO Matt McAlear wants the world to know that the minivan is not dead. Far from it, he said, at the New York International Auto Show, where he showed off the latest version of the Pacifica Pinnacle, the highest-end trim of the brand’s sole product line.

Advertisement

The Chrysler brand — once one of the biggest names in the auto industry — only sells a single family of minivans, which many take as a sign of the brand’s impending demise.

Chrysler, which has been promising new products for years, said it will share more plans at parent company Stellantis‘ investor day on May 21 in Auburn Hills, Michigan. McAlear didn’t elaborate further but said the brand had “a lot of things in the works” and touted its only vehicle.

“We absolutely see the minivan market growing, and we believe there’s an opportunity for Chrysler to continue its growth year over year,” McAlear said. Chrysler is the best-selling brand in the segment, he added.

Minivan resurgence?

Chrysler is often credited with inventing the minivan, or at least mainstreaming it in the United States in the early 1980s. Rivals followed, but many have since abandoned it.

Advertisement

Since the 1990s, minivans have steadily lost ground to SUVs, which are considered sportier and more adventurous. Minivan sales were a mere 1.7% of the market in 2017, according to Edmunds. In 2025, they were up to 2.4%.

Sales numbers from Chrysler and its few competitors in this segment indicate growing interest in the adaptive and often affordable “multipurpose vehicle,” as the minivan is sometimes called. The average transaction price for a large SUV is $77,215, according to Edmunds. The average minivan price, meanwhile, is  $48,269 — just above the overall industry average cost for a new vehicle of $48,402.

There is enough demand that Chrysler saw fit to unveil a new highest-end version of its minivan at the Auto Show, called the Pinnacle. The vehicle is full of features common in higher-end family vehicles, like screens on the backs of seats so passengers in a rear row can watch movies on a road trip. But there are also some perks that are tough to find outside the segment: both second and third row seats on some versions can be completely stowed in the floor, for example. 

Companies like Chrysler are also trying to look beyond the “family hauler” identity the minivan has had for much of its history. Its Grizzly Peak concept has knobby tires and a roof rack, for a more rugged option and McAlear said the company was thinking about how to do more of that. 

Advertisement

“We’re looking at it,” he said. “We’re trying to figure out if there’s a way to do it because people love it. And it is unlike anything you’ve ever seen from a minivan brand before.”

McAlear also touted the van’s storage capacity compared with similar vehicles.

“I’ve got a friend that’s a racecar driver,” he said. “One of his favorite things about this is he puts a shifter kart in the backseat with the third row down, with his kids so he can keep it safe and doesn’t have to have a trailer. Another buddy of mine loves kiteboarding, and he doesn’t want to put it on the top because it’s hard to get it up and down. It’s hard to keep it secure and safe. He keeps it inside.”

Pacifica sales were only up slightly in 2025. The affordable Voyager model, which the brand has since renamed the Pacifica LX, sells in lower quantities but saw a bigger jump. Pacifica sales were down for the first quarter of 2026, but Chrysler said they were up nearly 84% in March year over year. 

Advertisement

There are only a handful of vehicles in this segment in the U.S., or five basic model lines including the electric Volkswagen ID Buzz, which VW prefers not to call a minivan. 

Toyota Sienna sales jumped 35% in 2025, and were up again in the first quarter of 2026. It’s nowhere near Toyota’s best-selling vehicle, and many models — some of which were new ones or refreshes — saw greater increase. Toyota’s Japanese rival Honda saw sales of its Odyssey jump 10% last year. But they dipped in the first quarter of 2026. 

One especially successful model has been the Kia Carnival. Volumes rose in 2025 and in the first quarter of 2026. It still doesn’t match Kia’s comparable SUVs, as minivan sales are just a few thousand shy of the three-row Sorento, but far below the popular, more rugged Telluride. 

“Carnival is just a great family, practical vehicle,” said Eric Watson, vice president of sales operations for Kia America. “I think in the stage of life when people have kids and want those power sliding doors and the configuration of what that vehicle provides, it’s perfect in that life stage.”

Advertisement

Kia was one of the later entrants into the segment, and though it has the sliding rear door that defines the minivan segment, the body panel on it is punched into give the illusion the vehicle is an SUV. 

“I think that attracts a lot of people and lowers that stigma of being a minivan family,” Watson said.

But some are attracted to the segment itself. While the Chrysler Pinnacle starts above $56,000, the lowest priced LX, starts just above $41,000.

“We’re actually seeing a resurgence,” McAlear said. “At the end of the day, these things make life easier and you don’t always have to impress everybody.”

Advertisement
Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
Continue Reading

Business

Form 144 SailPoint For: 7 April

Published

on


Form 144 SailPoint For: 7 April

Continue Reading

Business

Jet fuel supply concerns grow with Iran war as airlines cut flights

Published

on

Jet fuel supply concerns grow with Iran war as airlines cut flights

A Lufthansa passenger aircraft is parked at a gate while a SASCA fuel truck services it on the apron at Toulouse Blagnac Airport in Blagnac in Occitanie in France on March 15, 2026.

Isabelle Souriment | AFP | Getty Images

The surging price of jet fuel isn’t the airline industry’s only problem. Now, it’s whether it will have enough.

Advertisement

Since the U.S. and Israel attacked Iran on Feb. 28, the price of jet fuel in the U.S. has nearly doubled, going from $2.50 a gallon on Feb. 27 to $4.88 a gallon on April 2, with the increases even sharper in other regions. The effective closure of the Strait of Hormuz is choking off supplies of both crude and refined products like jet fuel, further driving up the price.

That’s forcing airlines to consider cutting flights, especially overseas.

Carsten Spohr, CEO of Germany’s Deutsche Lufthansa, told employees in a webcast last week that the carrier is assigning teams to come up with contingency plans because of the war in the Middle East, including for drops in demand or a lack of jet fuel, a spokesman said. Those plans could include grounding some of its aircraft.

The U.S. produces a lot of jet fuel and isn’t as exposed as other regions like Europe and parts of Asia are in comparison. But aircraft fill up locally, so some U.S. airlines could face shortages on international trips.

Advertisement

United Airlines CEO Scott Kirby told reporters late last month that the carrier, which has the most service to Asia among U.S. airlines, would have to cut back its flights there. He also said it’s “not impossible” that airlines collectively would have to reduce service in that region.

He noted that as the price of jet fuel goes up, it could be more acute in parts of the U.S. that aren’t as connected by pipelines.

“There’s not enough refining capacity, and so fuel price prior to this and going forward is more susceptible to supply weakness on the West Coast than anywhere else in the country,” he said.

Kirby told employees earlier in March that the airline is preparing for oil to stay above $100 a barrel through 2027 and is pruning some of its flights in the near term.

Advertisement

“To be clear, nothing changes about our longer-term plans for aircraft deliveries or total capacity for 2027 and beyond, but there’s no point in burning cash in the near term on flying that just can’t absorb these fuel costs,” he said in a March 20 message to employees.

Travel demand wild card

Airlines overall are pruning some flights for the coming months, though they often adjust schedules throughout the year to match demand, aircraft availability or other complications.

Domestic capacity in the second quarter for U.S. carriers is up 2.1%, down from previous plans of 2.3% growth, while total capacity is set to rise 1.1%, down from 2.4% on the week ended March 20, according to a Monday report from UBS.

“We expect more capacity cuts in the coming weeks,” UBS said.

Advertisement

So far, airline executives have said that travel demand is strong, but the fuel strains and price spikes are a headache for carriers and passengers alike as the peak summer travel season approaches.

Fuel is generally airlines’ biggest expense after labor, and carriers are already raising airfare and fees like for checked luggage to make up for the added cost.

A truck parks after refuelling a Citilink Airbus at Soekarno-Hatta International Airport following the government approval of a jet fuel surcharge, amid the U.S.-Israeli conflict with Iran, in Tangerang, on the outskirts of Jakarta, Indonesia, April 6, 2026.

Ajeng Dinar Ulfiana | Reuters

Advertisement

Investors will be listening for more insights into how the jet fuel spike could affect the industry as airline earnings kick off Wednesday with Delta Air Lines. That carrier owns a refinery, so it could benefit from jet fuel sales.

Delta on Tuesday raised checked bag fees, joining JetBlue Airways and United, which did the same last week.

The strong demand, particularly compared with this time last year could further insulate airlines, at least in the U.S. Last year, bookings fell as President Donald Trump‘s trade war kicked off with steep tariffs, markets sank and layoffs within the government, led by Elon Musk‘s so-called Department of Government Efficiency, took effect.

“The positive commentary on demand is still holding, but fuel at $4/4.50 [a gallon] for longer isn’t something airlines can pass through,” said Savanthi Syth, an airline analyst at Raymond James. “If fuel stays high, you’ll just see capacity being cut.”

Advertisement

Airlines could see a bigger problem if higher gasoline prices and other pressures on consumers cause a pullback in spending.

“We’re watching the airlines very closely right now. This doesn’t have to go on too terribly long at these [fuel price] levels before you start to see potential for ratings pressures,” said Joseph Rohlena, senior director at Fitch Ratings who covers U.S. airlines.

Read more CNBC airline news

Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
Continue Reading

Business

OmniAb director Foehr sells $29k in shares

Published

on


OmniAb director Foehr sells $29k in shares

Continue Reading

Business

The US refinery now processing Venezuelan oil

Published

on

The US refinery now processing Venezuelan oil

Chevron is now importing 250,000 barrels of crude per day from Venezuela.

Continue Reading

Trending

Copyright © 2025