ticker

U.S. Movers: Buckle, Charles Schwab, Emerald Holding, Li Auto

Scott Peters
17 Mar, 2025
New York City

Emerald Holding Inc. surged 12% to $4.09 after the producer of trade shows and their associated conferences, content, and commerce reported higher revenue in the fourth quarter of 2024.

Revenue increased 5.2% to $106.8 million from $101.5 million, net income rose to $5.1 million from a loss of $17.9 million, and diluted earnings per share edged up to 3 cents from a loss of 46 cents a year ago.

The company repurchased 1,776,884 shares for $8.4 million in the quarter at an average price of $4.68 per share.

The company extended its share repurchase program for the repurchase of $25 million through December 31, 2025.

Since the restart of the share repurchase program in 2021 through December 31, 2024, the company has bought back a total of 13.3 million shares for $53.7 million.

In February 2025, Emerald proposed a dividend for the quarter ending March 31 of $0.015 per share, payable on March 20 to shareholders on record as of March 10.

Following quarter end, the company agreed to acquire This is Beyond, the UK-based architect of luxury travel B2B trade shows, and completed the acquisition of Insurtech Insights, an operator of large-scale insurance technology conferences across the U.S., Europe, and Asia.

“These strategic acquisitions expand and diversify our portfolio, reinforcing Emerald’s leadership in high-value, growth-oriented industries while sharpening our competitive position,” the company said in a release to investors.

Emerald guided full-year revenue to be between $450 million and $460 million, up from $398.8 million in 2024, and adjusted EBITDA between $120 million and $125 million, up from $101.7 million a year ago.

Charles Schwab Corp. surged 4.9% to $77.11 after the financial services company released its monthly activity report for February.

Core net new assets brought to the company by new and existing clients totaled $48.0 billion, an increase of 44% from $33.4 billion a year ago.

Total client assets equaled $10.28 trillion as of month-end, up 16% from $8.88 trillion in February 2024 and down 1% from $10.33 trillion in January 2025.

New brokerage accounts opened during the month totaled 362,000, representing the fifteenth consecutive month of at least 300,000 new account openings.

February daily average trades rose 1% month-over-month to 7.45 million, driven by a continued interest in equity securities.

Transactional sweep cash increased by $4.7 billion to end February at $404.3 billion, compared to $399.6 billion in January 2025 and compared to $403.2 billion in February 2024.

Buckle Inc. gained 2.8% to $36.13 despite the fashion retailer reporting declining sales in the fourth quarter of 2024.

Sales edged down to $379.20 million from $382.38 million, net income fell to $77.20 million from $79.58 million, and diluted earnings per share dropped to $1.53 from $1.59 a year ago.

Sales in the full year decreased to $1.22 billion from $1.26 billion, net income fell to $195.47 million from $219.92 million, and diluted earnings per share edged down to $3.89 from $4.40 a year ago.

Li Auto Inc. dropped 1.1% to $27.15 after the Chinese automaker reported higher vehicle sales in the fourth quarter of 2024.

Revenue increased 6.1% to 44.27 billion yuan from 41.73 billion yuan, net income edged down 38.6% to $3.53 billion yuan from $5.75 billion yuan, and diluted earnings per share fell 37.8% to 3.31 yuan from 5.32 yuan a year ago.

Sales for the full year jumped 16.6% to 144.46 billion yuan from 123.85 billion, net income slumped 31.9% to 8.04 billion from 11.81 billion, and diluted earnings per share fell 31.7% to 7.58 yuan from 11.10 yuan a year ago.

U.S. Movers: Buckle, Charles Schwab, Emerald Holding, Li Auto

Scott Peters
17 Mar, 2025
New York City

Europe Movers: BMW, Daimler Truck Holding, DeLonghi, Trainline

Inga Muller
17 Mar, 2025
Frankfurt

BMW AG traded flat at €82.10 after the German luxury automaker reported lower sales in 2024 amid subdued demand in China.

Revenue declined to €142.38 billion from €155.50 billion, net profit slumped to €7.68 billion from €12.16 billion, and diluted earnings per share fell to €11.62 from €17.67 a year ago.

The company lowered its annual dividend to €4.30 per share from €6.00 per share in 2023.

Sales in the fourth quarter edged down 15% to €36.4 billion from €43 billion, net income fell 41% to €1.6 billion from €2.6 billion, and earnings per share declined 36% to €2.41 from €3.77 a year ago.

Daimler Truck Holding AG gained 0.2% to €39.06 after the German vehicle maker reported lower revenue in 2024.

Revenue decreased 3% to €54.1 billion from €55.9 billion, adjusted EBIT declined 15% to €4.67 billion from €5.49 billion, and earnings per share dropped to €3.64 from €4.62 a year ago.

Daimler Truck sold 460,409 vehicles worldwide in 2024, 12% less compared to 526,053 units in the previous year.

Unit sales of battery-electric trucks and buses increased significantly by 17% to 4,035 vehicles from 3,443 vehicles a year ago.

Incoming orders declined by 2% in 2024 to 417,131 units, compared to 426,910 units in the prior year, impacted by the declining demand in the EU30 region and weaker market demand in India, Indonesia, and other Asian markets.

However, new orders in the fourth quarter increased significantly by 15% compared to the same period in 2023, driven by a positive development in the segments Mercedes-Benz Trucks and Trucks Asia.

The company proposed a dividend of €1.90 per share, unchanged from the previous year, to the annual general meeting on May 27.

In addition, the second tranche of the share buyback program announced in mid-2023 was launched in September 2024 and is expected to be completed by August 1, 2025.

Daimler Truck guided for 2025 unit sales to be between 460,000 units and 480,000 units, compared to 460,409 units in 2024.

The revenue for the industrial business is estimated to range between €52 billion and €54 billion, and the adjusted EBIT is expected to increase between 5% and 15% compared to 2024.

DeLonghi S.p.A. dropped 3.6% to €30.88 despite the Italian small appliances manufacturer reporting higher sales in 2024.

Revenue jumped 13.7% to €3.50 billion from €3.07 billion, and profit edged up 24.1% to €310.7 million from €250.4 million a year ago.

Sales in the fourth quarter increased 17.6% to €1.27 billion from €1.08 billion a year ago.

Same-store sales surged 11.1% in the quarter and were up 6.6% for the full year.

The company proposed a total dividend of €1.25 per share, an increase of 87% from the previous year, corresponding to a payout ratio of around 60%.

The payment of the ordinary part of the dividend equal to 83 cents will be on May 20, and the additional 42 cents will be credited with the record date September 23.

“The recent growth trends, confirmed also in the first months of the year, lead us to estimate a turnover for 2025 expanding between 5% and 7%, supported by the launch of new products and investments in communication,” the company said in a release to investors.

In terms of margins, the company expects an adjusted EBITDA to be between €580 million and €600 million, compared to €559.8 million in 2024, considering the current volatility with the U.S. tariffs.

Trainline Plc gained 2% to 270.60 pence after the rail and coach travel platform operator reported higher sales in fiscal 2025 ending in February.

Net ticket sales jumped 12% to £5.91 billion from £5.29 billion, and revenue increased 11% to £442 million from £397 million a year ago.

The company announced an additional share buyback of up to £75 million.

Trainline will publish its full year 2025 results on May 7.