442 material Form 8-K filings that 386 companies we cover made with the SEC in March 2025, each read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). All of them were written later, when past filings were added: a selection, not every 8-K of the month (see the note below).
Freeport said first-quarter 2025 copper and gold production approximated expectations, but Indonesian shipment timing reduced gold sales and raised unit costs. The company does not expect a material change to its 2025 annual consolidated sales guidance, and copper prices realized above the LME average.
Gold sales expected about 100 thousand ounces below the January 2025 guidance of 225 thousand ounces, due to the timing of PT Freeport Indonesia shipments
Copper sales expected in line with the January 2025 guidance of 850 million pounds
Unit net cash costs expected about 5% above the January 2025 guidance of $2.05 per pound of copper
Average realized copper price expected to be about $4.40 per pound, versus the LME average of $4.24 per pound; first-quarter earnings to be released April 24, 2025
Progress reported fiscal first-quarter 2025 revenue of $238 million, up 29% year over year, and raised its fiscal 2025 GAAP and non-GAAP earnings per share guidance on March 31, 2025. GAAP diluted earnings per share fell 53% to $0.24 from $0.51, while non-GAAP diluted EPS rose 5% to $1.31. Revenue guidance was unchanged at $958 million to $970 million, so the higher EPS outlook rests on profit measures rather than sales growth.
Q1 revenue of $238 million rose 29% from $184.7 million; Annualized Recurring Revenue of $836 million rose 48% on a constant currency basis.
GAAP net income was $10.9 million versus $22.6 million a year earlier; non-GAAP diluted EPS was $1.31 versus $1.25.
Fiscal 2025 GAAP diluted EPS guidance was raised to $1.19 to $1.35 from $1.08 to $1.23; non-GAAP EPS guidance was raised to $5.25 to $5.37 from $5.00 to $5.12.
Worthington Enterprises furnished a transcript of its March 26, 2025 call on unaudited third-quarter fiscal 2025 results (quarter ended February 28, 2025), which it had previously reported in a March 25 earnings release. Third-quarter GAAP earnings from continuing operations were $0.79 per share, up from $0.44, while net sales fell 3.9% to $305 million because the former Sustainable Energy Solutions segment was deconsolidated, and the company said sales grew more than 8% excluding that segment in both periods.
GAAP earnings from continuing operations of $0.79 per share versus $0.44 a year earlier; adjusted earnings of $0.91 per share versus $0.80.
Net sales of $305 million, down 3.9% from $317 million; the former SES segment contributed $35 million in sales last year.
Adjusted EBITDA of $74 million versus $67 million a year earlier; trailing 12-month adjusted EBITDA of $242 million.
Board declared a quarterly dividend of $0.17 per share, payable in June 2025; free cash flow was $44 million in the quarter.
AAR reported fiscal third-quarter 2025 sales of $678.2 million, up 20% from $567.3 million a year earlier, driven by the Product Support acquisition and Parts Supply. The company posted a GAAP net loss of $8.9 million, or $0.25 per share, because of a $63.7 million pre-tax charge tied to the planned sale of its Landing Gear Overhaul business, while adjusted diluted EPS rose to $0.99 from $0.85. Net debt was $947.6 million at February 28, 2025, and net leverage was 3.06x.
Sales rose 20% to $678.2 million; Repair & Engineering sales increased more than 53%
GAAP net loss of $8.9 million, or $0.25 per share, versus net income of $14.0 million, or $0.39 per diluted share, a year earlier
Adjusted diluted EPS of $0.99 versus $0.85; adjusted EBITDA of $81.2 million, up 39%
Landing Gear Overhaul sale expected to close in the fourth quarter of fiscal 2025 for $51 million
Argan reported fourth quarter and fiscal 2025 results for the period ended January 31, 2025. Quarterly revenue rose 41% to $232.5 million, and net income was $31.4 million, or $2.22 per diluted share, compared with $0.89 a year earlier. For the full year, revenue rose 52.5% to $874.2 million and net income was $85.5 million, or $6.15 per diluted share.
Q4 gross margin was 20.5%, up from 14.4% a year earlier; EBITDA was $39.3 million versus $17.6 million
Fiscal 2025 net income was $85.5 million, or $6.15 per diluted share, versus $32.4 million, or $2.39, in fiscal 2024
Project backlog was $1.4 billion at January 31, 2025, up from $757 million a year earlier; the company reported no debt
Quarterly cash dividend was $0.375 per share, up from $0.300 a year earlier
Winnebago Industries reported second-quarter fiscal 2025 results for the period ended March 1, 2025, with net revenues down 11.8% year over year to $620.2 million and a net loss of $0.4 million, or $0.02 per diluted share. Adjusted earnings per diluted share fell 79.6% to $0.19, and the company updated its fiscal 2025 outlook to sales of $2.8 billion to $3.0 billion and adjusted earnings per share of $2.75 to $3.75. Shareholders face lower revenue and profit in the quarter, and the updated range is the company's current view of the full year.
Net revenues were $620.2 million, down from $703.6 million a year earlier, with Motorhome RV revenue down 30.4%.
Adjusted EBITDA was $22.8 million, down 54.2% from $49.8 million; gross margin fell to 13.4% from 15.0%.
Fiscal 2025 outlook: sales of $2.8 billion to $3.0 billion, reported EPS of $2.10 to $3.10, adjusted EPS of $2.75 to $3.75.
The company completed a $100 million tender for its 6.25% Senior Secured Notes due 2028 and repurchased $20 million of its stock during the quarter.
H.B. Fuller reported first quarter 2025 results for the period ended March 1, 2025. Net revenue fell 2.7% to $789 million, although organic revenue rose 1.9%, and net income declined to $13 million from $31 million a year earlier. Adjusted EBITDA fell 7% to $114 million, which the company said was as expected, and the full-year 2025 outlook was left unchanged.
Net revenue was $789 million, down 2.7% year-on-year; organic revenue rose 1.9%, driven by volume and pricing
Net income was $13 million versus $31 million a year earlier; reported diluted EPS was $0.24 versus $0.55
Adjusted EBITDA was $114 million, down 7%; adjusted diluted EPS was $0.54 versus $0.67
Full-year 2025 outlook is unchanged, including adjusted EBITDA of $600 million to $625 million; second-quarter adjusted EBITDA is expected at $150 million to $160 million
Essent Group filed unaudited historical segment information for each quarter of 2024 as Exhibit 99.1 to an 8-K dated March 27, 2025. The filing is furnished rather than filed and is to be read with its 2024 Form 10-K, filed February 19, 2025. It adds quarterly segment detail ahead of the segment expense disclosures the company says it will provide in its 2025 Forms 10-Q and 10-K.
Consolidated income before income tax expense was $195.0 million in the fourth quarter of 2024, down from $207.6 million in the third quarter, $239.2 million in the second and $213.7 million in the first.
Mortgage Insurance segment income before income tax was $203.6 million in the fourth quarter of 2024.
Corporate & Other recorded a pre-tax loss of $8.6 million in the fourth quarter of 2024.
Concentrix reported first-quarter fiscal 2025 results for the period ended February 28, 2025. Revenue fell 1.3% from a year earlier to $2.37 billion, while GAAP diluted earnings per share rose 36.8% to $1.04 and non-GAAP diluted EPS rose 8.6% to $2.79. The company reiterated its full-year fiscal 2025 guidance and gave second-quarter outlook figures.
Q1 revenue of $2,372.2 million, down 1.3% year-on-year as reported and up 1.3% in constant currency
GAAP diluted EPS of $1.04 versus $0.76; non-GAAP diluted EPS of $2.79 versus $2.57
Adjusted free cash flow was a use of $39.8 million in the quarter; full-year adjusted free cash flow expected at $625 million to $650 million
Second-quarter non-GAAP EPS expected at $2.69 to $2.80; full-year fiscal 2025 reported revenue expected at $9.490 billion to $9.635 billion
REX American Resources reported lower fourth-quarter and full fiscal 2024 sales and profit than a year earlier, as lower ethanol and co-product prices reduced revenue. Diluted EPS was $0.63 in the quarter versus $1.16, and $3.30 for the full year versus $3.47. The company also said its One Earth ethanol expansion will finish later than the mid-2025 target and now has a budget of $220-$230 million.
Q4 net sales and revenue were $158.2 million versus $187.6 million; Q4 gross profit was $17.6 million versus $30.4 million.
Full fiscal 2024 net sales and revenue were $642.5 million versus $833.4 million; diluted EPS was $3.30 versus $3.47.
One Earth ethanol expansion is budgeted at $220-$230 million, with completion now expected after the middle of 2025.
On March 25, 2025, the board authorized up to 1.5 million additional shares for repurchase; the company reported $359.1 million in cash and short-term investments and no bank debt as of January 31, 2025.
Paychex reported third-quarter fiscal 2025 results for the period ended February 28, 2025, with total revenue up 5% to $1.5 billion and diluted earnings per share up 4% to $1.43. The company also updated its fiscal 2025 outlook, now expecting PEO and Insurance Solutions revenue growth of 6.0% to 6.5% and an adjusted operating margin of about 43%, while the pending Paycor acquisition, expected to close in April 2025, is excluded from that outlook.
Total revenue was $1,509.0 million for the quarter, up 5% from $1,439.3 million a year earlier.
Diluted EPS was $1.43, up 4%; adjusted diluted EPS was $1.49, up 8%.
Fiscal 2025 outlook: PEO and Insurance Solutions revenue growth of 6.0% to 6.5%; adjusted operating margin about 43%.
The Paycor acquisition, agreed January 7, 2025, is expected to close in April 2025; the Hart-Scott-Rodino waiting period expired February 27, 2025.
Cintas reported fiscal 2025 third-quarter revenue of $2.61 billion, up 8.4%, and diluted EPS of $1.13, up 17.7% from $0.96 a year earlier. The company raised its fiscal 2025 diluted EPS guidance to $4.36 to $4.40 from $4.28 to $4.34, while narrowing its revenue guidance to $10.280 billion to $10.305 billion.
Q3 net income was $463.5 million, up 16.6%, and gross margin was 50.6% of revenue versus 49.4% a year earlier.
Q3 operating income included a $15.0 million gain on the sale of property and equipment; the prior-year quarter included a $15.0 million class action settlement charge.
Fiscal 2025 diluted EPS guidance rose to $4.36 to $4.40 from $4.28 to $4.34.
Fiscal 2025 revenue guidance is $10.280 billion to $10.305 billion, versus the prior $10.255 billion to $10.320 billion; the top end was lowered by $15.0 million due to currency effects.
Chewy reported fiscal fourth-quarter and full-year 2024 results, with net sales up 14.9% in Q4 and 6.4% for the year. Q4 GAAP net income and diluted EPS declined year over year, while adjusted EBITDA rose 44% and full-year net income increased, helped by a $241.0 million income tax benefit. Both quarter and year include an extra week, which the company notes affects the comparisons.
Q4 net sales of $3.25 billion, up 14.9% year over year (14-week quarter)
Q4 net income of $22.8 million and diluted EPS of $0.05, versus $31.9 million and $0.07 a year earlier
Q4 adjusted EBITDA of $124.5 million, up $38.1 million; full-year net income of $392.7 million
Fiscal 2024 repurchases of common stock totaled $942.8 million
GameStop reported fourth-quarter fiscal 2024 results, with net sales of $1.283 billion, down from $1.794 billion a year earlier, while net income rose to $131.3 million from $63.1 million. The same day, the company said its board unanimously approved adding Bitcoin as a treasury reserve asset in its investment policy. Shareholders face lower sales alongside higher reported profit, plus a new policy that permits Bitcoin holdings.
Q4 net sales were $1.283 billion versus $1.794 billion in the prior-year quarter
Q4 net income was $131.3 million versus $63.1 million; adjusted EBITDA was $96.5 million versus $88.0 million
Fiscal 2024 net sales were $3.823 billion versus $5.273 billion; net income was $131.3 million versus $6.7 million
Board unanimously approved an investment policy update to add Bitcoin as a treasury reserve asset
Core & Main reported fiscal 2024 fourth-quarter net sales up 17.9% to $1,698 million, but net income fell 11.8% to $67 million and diluted EPS fell 2.9% to $0.33. For the full year, net sales rose 11.0% to $7,441 million while net income fell 18.3% to $434 million, and the company gave fiscal 2025 guidance for net sales of $7,600 to $7,800 million and Adjusted EBITDA of $950 to $1,000 million, with a CEO transition effective March 31, 2025.
Q4 net sales rose 17.9% to $1,698 million, while Q4 net income fell 11.8% to $67 million, driven by higher interest and income tax expense.
Full-year net sales rose 11.0% to $7,441 million; full-year diluted EPS fell 0.9% to $2.13 and Adjusted EBITDA rose 2.2% to $930 million.
Fiscal 2025 guidance: net sales of $7,600 to $7,800 million and Adjusted EBITDA of $950 to $1,000 million.
Mark Witkowski will succeed Steve LeClair as CEO and Robyn Bradbury will succeed Witkowski as CFO, both effective March 31, 2025.
McCormick reported first-quarter fiscal 2025 results for the period ended February 28, 2025, with net sales of $1,605.5 million, up slightly from $1,602.7 million a year earlier. Diluted earnings per share fell to $0.60 from $0.62, and adjusted EPS fell to $0.60 from $0.63, as operating income declined. The company reaffirmed its fiscal 2025 outlook, including adjusted EPS of $3.03 to $3.08.
Net sales of $1,605.5 million vs. $1,602.7 million a year earlier; organic sales rose 2%, driven by volume
Diluted EPS of $0.60 vs. $0.62; adjusted diluted EPS of $0.60 vs. $0.63
Fiscal 2025 outlook reaffirmed: adjusted EPS of $3.03 to $3.08 and adjusted operating income growth of 3% to 5% as reported
Enerpac Tool Group reported fiscal second-quarter results for the three months ended February 28, 2025, with net sales of $145.5 million, up 5.1% from the prior year, and diluted EPS of $0.38 versus $0.33. Adjusted EBITDA slipped to $33.8 million from $34.3 million as gross margin declined 110 basis points, and the company reiterated its fiscal 2025 guidance. Shareholders see higher reported earnings alongside continued margin pressure.
Net sales were $145.5 million, up 5.1%, with organic sales up 5.0%.
Net earnings were $20.9 million, or $0.38 per diluted share, versus $17.9 million, or $0.33, a year earlier.
Gross profit margin fell 110 basis points to 50.5%; adjusted EBITDA was $33.8 million versus $34.3 million.
Fiscal 2025 guidance was reiterated: net sales of $610 million to $625 million and adjusted EBITDA of $150 million to $160 million.
Worthington Steel reported fiscal 2025 third-quarter net sales of $687.4 million, down 15% from $805.8 million a year earlier, as lower volume and lower selling prices reduced gross margin. Net earnings attributable to controlling interest fell to $13.8 million, or $0.27 per diluted share, from $49.0 million, or $0.98, and the company also declared a $0.16 quarterly dividend.
Net sales of $687.4 million vs $805.8 million in the prior-year quarter, down 15%
Operating income of $18.3 million vs $66.3 million; $7.4 million of asset impairments were recognized
Net earnings per diluted share of $0.27 vs $0.98; adjusted per diluted share of $0.35 vs $0.99
Quarterly dividend of $0.16 per share, payable June 27, 2025, to holders of record on June 13, 2025
Lennar reported first quarter results for the period ended February 28, 2025, with net earnings attributable to Lennar of $520 million, or $1.96 per diluted share, down from $719 million, or $2.57 per share, a year earlier. Total revenues rose to $7.6 billion from $7.3 billion, but homebuilding gross margin on home sales fell to 18.7% from 21.8%, and the company cited a mark-to-market loss on technology investments. The company also guided to 19,500 to 20,500 deliveries and a gross margin of approximately 18% for the second quarter of 2025.
Net earnings attributable to Lennar were $520 million, or $1.96 per diluted share, versus $719 million, or $2.57 per share, in the first quarter of 2024; excluding mark-to-market losses on technology investments, earnings were $567 million,
Total revenues were $7.6 billion, up from $7.3 billion, on 17,834 home deliveries, a 6% increase.
Gross margin on home sales was 18.7% compared with 21.8% a year earlier, and the average sales price fell to $408,000 from $413,000.
Second quarter 2025 guidance calls for 19,500 to 20,500 deliveries, average sales prices of $390,000 to $400,000, and a gross margin of approximately 18%. The earnings call is set for 11:00 a.m. Eastern Time on March 21, 2025.
Academy Sports and Outdoors reported fourth-quarter fiscal 2024 net sales of $1.68 billion, down 6.6%, and diluted GAAP EPS of $1.89, down 14.5% from $2.21 a year earlier. For the full year, net sales fell 3.7% to $5.93 billion and diluted EPS fell 14.5% to $5.73, and the company gave initial fiscal 2025 guidance for GAAP diluted EPS of $5.40 to $5.85, with the midpoint below the 2024 result.
Q4 comparable sales declined 3.0%, a 190 basis point improvement from the third quarter
Fiscal 2025 guidance: net sales of $6.09 billion to $6.265 billion and GAAP diluted EPS of $5.40 to $5.85
Quarterly dividend raised 18% to $0.13 per share, payable April 17, 2025 to holders of record on March 25, 2025
Company expects the first quarter of 2025 to be the most challenging period for sales and EPS
Jabil reported preliminary, unaudited second-quarter fiscal 2025 results with net revenue of $6.7 billion, roughly flat with $6.8 billion a year earlier, and core diluted EPS of $1.94, up from $1.68. GAAP diluted EPS fell to $1.06 from $7.31 because the prior-year quarter included a $944 million divestiture gain. The company also raised its fiscal 2025 outlook, with core diluted EPS now expected at $8.95 and third-quarter net revenue guided to $6.7 billion to $7.3 billion.
Q2 net revenue $6.7 billion ($6,728 million) versus $6,767 million a year earlier
Q2 core diluted EPS $1.94 versus $1.68; GAAP diluted EPS $1.06 versus $7.31, which included a prior-year divestiture gain
Fiscal 2025 outlook: net revenue $27.9 billion, core operating margin 5.4%, core diluted EPS $8.95, adjusted free cash flow $1.2 billion or more
Q3 fiscal 2025 guidance: net revenue $6.7 billion to $7.3 billion; core diluted EPS $2.08 to $2.48
Darden reported fiscal third-quarter 2025 results for the quarter ended February 23, 2025, with sales up 6.2% and diluted earnings per share from continuing operations up from $2.60 to $2.74. The company also updated its fiscal 2025 outlook, projecting adjusted diluted EPS of $9.45 to $9.52, and declared a $1.40 quarterly dividend.
Q3 sales rose 6.2% to $3.2 billion, with consolidated same-restaurant sales up 0.7%
Adjusted diluted EPS from continuing operations was $2.80, up 6.9%, excluding $0.06 of Chuy's transaction and integration costs
Fiscal 2025 outlook: total sales of about $12.1 billion and adjusted diluted EPS of $9.45 to $9.52
Quarterly dividend of $1.40 per share is payable May 1, 2025; $53 million of stock repurchased in the quarter
FactSet reported results for the three months ended February 28, 2025, with GAAP revenue up 4.5% to $570.7 million and GAAP diluted EPS up 3.0% to $3.76, while GAAP operating margin fell to 32.5% from 33.3%. The company raised its fiscal 2025 GAAP revenue guidance but lowered its GAAP diluted EPS guidance, and left its adjusted diluted EPS guidance unchanged at $16.80 to $17.40, so the outlook is mixed for shareholders.
GAAP revenue of $570.7 million, up 4.5%; organic revenue of $568.0 million, up 4.0%
GAAP diluted EPS of $3.76, up 3.0%; adjusted diluted EPS of $4.28, up 1.4%
Fiscal 2025 GAAP revenue guidance raised to $2,305 million to $2,325 million from $2,285 million to $2,305 million
Fiscal 2025 GAAP diluted EPS guidance lowered to $14.80 to $15.40 from $15.10 to $15.70
TKO Group Holdings filed recast historical financial statements for fiscal 2023 and 2022 to reflect the Endeavor asset acquisition as if it had closed on January 1, 2022, and to adopt ASU 2023-07 segment reporting. The filing does not update the company's prior annual reports. For shareholders, it shows higher recast revenue but lower operating income and a net loss attributable to TKO Group Holdings for 2023.
Recast 2023 revenue was $3,224.8 million, up from $2,674.0 million in 2022, an increase of 21%.
Recast 2023 operating income was $375.8 million, down from $532.9 million in 2022.
Net loss attributable to TKO Group Holdings, Inc. was $35.2 million for 2023, compared with no such amount for 2022.
The Endeavor asset acquisition closed on February 28, 2025, with total consideration of approximately $3.25 billion plus a $50 million purchase price adjustment.
Five Below reported fourth-quarter fiscal 2024 net sales of $1.39 billion, up 4.0%, but diluted EPS fell to $3.39 from $3.65 and comparable sales declined 3.0%. For fiscal 2025, the company guided to diluted EPS of $3.90 to $4.52, below its fiscal 2024 diluted EPS of $4.60, so shareholders face a mixed picture of higher sales but lower profit.
Q4 net sales rose 4.0% to $1.39 billion, or 7.8% excluding the 53rd week in fiscal 2023; comparable sales fell 3.0%
Q4 diluted EPS was $3.39 versus $3.65; adjusted diluted EPS was $3.48, a 0.6% decline excluding the 53rd week
Fiscal 2024 net sales rose 8.9% to $3.88 billion, but diluted EPS was $4.60 versus $5.41 in fiscal 2023
Fiscal 2025 guidance: net sales of $4.21 billion to $4.33 billion and diluted EPS of $3.90 to $4.52; Q1 diluted EPS of $0.44 to $0.55
Williams-Sonoma reported fourth-quarter fiscal 2024 net revenues of $2.46 billion, up from $2.28 billion a year earlier, with diluted EPS of $3.28 versus $2.72 and a record Q4 operating margin of 21.5%. The company also raised its quarterly dividend 16% to $0.66 per share, and its fiscal 2025 outlook projects net revenues from -1.5% to +1.5% and comparable revenue from flat to +3.0%.
Q4 comparable brand revenue rose 3.1%, and full-year fiscal 2024 comparable brand revenue fell 1.6%.
Q4 diluted EPS was $3.28 versus $2.72 a year earlier; full-year fiscal 2024 diluted EPS was $8.79.
Quarterly dividend increased 16% to $0.66 per share, payable May 24, 2025, to holders of record on April 17, 2025.
Fiscal 2025 outlook: net revenues -1.5% to +1.5%, comparable revenue flat to +3.0%, operating margin 17.4% to 17.8%.
Ollie's reported fourth-quarter fiscal 2024 results on March 19, 2025. Net sales rose 2.8%, but net income fell 10.4% to $68.6 million, or $1.11 per diluted share, from a year earlier, and the quarter included a one-time $5.5 million equity award expense. The Board also approved a new $300 million share repurchase authorization effective through March 31, 2029, and the company guided to fiscal 2025 adjusted earnings of $3.65 to $3.75 per diluted share.
Q4 net sales rose 2.8% to $667.1 million; net income fell 10.4% to $68.6 million, or $1.11 per diluted share, from $1.23.
Fiscal 2024 net income rose 10.1% to $199.8 million, or $3.23 per diluted share, on net sales of $2.272 billion.
The Board approved a new $300 million buyback effective through March 31, 2029; $32.7 million remains on the prior program, which expires March 31, 2026.
Fiscal 2025 outlook: net sales of $2.564 to $2.586 billion, adjusted EPS of $3.65 to $3.75, and 75 new store openings.
General Mills reported fiscal 2025 third-quarter results for the quarter ended February 23, 2025, with net sales down 5% to $4.8 billion and diluted EPS down 4% to $1.12. It also lowered its full-year fiscal 2025 outlook, now expecting organic net sales down 2% to down 1.5% and adjusted operating profit and adjusted diluted EPS down 8% to down 7% in constant currency. For shareholders, this points to weaker sales and profit than the company previously expected, which it attributed to retailer inventory reductions and a slowdown in snacking categories.
Third-quarter net sales were $4.8 billion, down 5%; organic net sales were also down 5%, including about 4 points of retailer inventory reductions and the expected reversal of certain second-quarter timing items.
Diluted EPS was $1.12, down 4%; adjusted diluted EPS was $1.00, down 15% in constant currency.
Full-year fiscal 2025 adjusted operating profit and adjusted diluted EPS are now expected to be down 8% to down 7% in constant currency, compared with the previous down 4% to down 2%.
Holistic Margin Management is expected to deliver at least 5% cost of goods sold savings in fiscal 2026, about $600 million, and new cost-savings initiatives target at least $100 million.
Signet reported fourth-quarter fiscal 2025 sales of $2.4 billion, down 5.8%, with same store sales down 1.1% and diluted EPS of $2.30 versus $11.75 a year earlier, after $200.7 million in non-cash impairment charges. The company initiated fiscal 2026 guidance for sales of $6.53 billion to $6.80 billion and adjusted diluted EPS of $7.31 to $9.10, and announced a new "Grow Brand Love" strategy and reorganization. The board also raised the quarterly common dividend 10% to $0.32 per share.
Q4 sales were $2,352.6 million, down $145.0 million or 5.8%; same store sales fell 1.1%.
Q4 diluted EPS was $2.30 versus $11.75; adjusted diluted EPS was $6.62 versus $6.73.
Fiscal 2026 guidance: sales of $6.53 billion to $6.80 billion; same store sales (2.5%) to +1.5%; adjusted diluted EPS of $7.31 to $9.10 versus $8.94 in fiscal 2025.
Quarterly dividend of $0.32 per share, a 10% increase, payable May 23, 2025 to holders of record April 25, 2025.
Liquidia reported full-year 2024 revenue of $14.0 million, down from $17.5 million, and a net loss of $130.4 million, or $1.66 per share, versus a net loss of $78.5 million, or $1.21 per share, in 2023. Cash and cash equivalents rose to $176.5 million at year-end, and the company amended its HCRx financing agreement to provide up to an additional $100 million, with $25.0 million received at closing. Shareholders face wider losses and lower revenue, while the company awaits possible final FDA approval of YUTREPIA after regulatory exclusivity expires on May 23, 2025.
Revenue fell to $14.0 million from $17.5 million, mainly due to lower sales quantities tied to limited availability of pumps for Treprostinil Injection.
General and administrative expenses rose to $81.6 million from $44.7 million; research and development expenses rose to $47.8 million from $43.2 million.
Net loss was $130.4 million, or $1.66 per share, compared with $78.5 million, or $1.21 per share, in 2023.
The HCRx amendment provides up to $100 million in three tranches; Liquidia received $25.0 million at closing.
HealthEquity reported fiscal 2025 results for the year ended January 31, 2025, with revenue of $1.20 billion (up 20%) and GAAP net income of $96.7 million, or $1.09 per diluted share, up from $55.7 million, or $0.64, a year earlier. Fourth-quarter net income was flat at $26.4 million, while the company guided to fiscal 2026 revenue of $1.280 billion to $1.305 billion and GAAP net income per diluted share of $1.85 to $2.01.
Fiscal 2025 revenue of $1.20 billion, up 20% from $999.6 million; Adjusted EBITDA of $471.8 million, up 28%.
Fourth-quarter revenue of $311.8 million, up 19%; net income of $26.4 million, unchanged from the prior-year quarter.
Fiscal 2026 outlook: revenue of $1.280 billion to $1.305 billion; GAAP net income per diluted share of $1.85 to $2.01; Adjusted EBITDA of $525 million to $545 million.
Completed the BenefitWallet HSA portfolio acquisition for a purchase price of $425.0 million and repurchased 1.4 million shares for $122.2 million during the year.
Assured Guaranty Ltd. made available the audited 2024 combined financial statements of its subsidiary Assured Guaranty Inc., along with a financial supplement and a fixed income investor presentation. For 2024, the subsidiary reported total revenues of $668 million, down from $799 million in 2023, and net income attributable to Assured Guaranty Inc. of $402 million, down from $424 million.
Total revenues were $668 million in 2024, compared with $799 million in 2023.
Net income attributable to Assured Guaranty Inc. was $402 million in 2024, compared with $424 million in 2023.
Total shareholder's equity was $5,376 million at December 31, 2024, down from $5,795 million a year earlier.
The subsidiary paid $400 million in dividends and redeemed $400 million of common stock in 2024.
Buckle reported fourth-quarter fiscal 2024 net income of $77.2 million, or $1.53 per diluted share, down from $79.6 million, or $1.59 per diluted share, a year earlier. For the full fiscal year ended February 1, 2025, net sales fell 3.4% to $1.218 billion and net income fell to $195.5 million, or $3.89 per diluted share, from $219.9 million, or $4.40 per diluted share. Lower sales and profit are the key takeaways for shareholders, though comparable store sales rose 3.9% in the fourth quarter.
Q4 net sales decreased 0.8% to $379.2 million; comparable store net sales rose 3.9%
Q4 online sales rose 6.4% to $69.7 million
Full-year net sales decreased 3.4% to $1.218 billion; comparable store net sales fell 2.7%
Full-year diluted EPS was $3.89, versus $4.40 in fiscal 2023
Semtech reported fourth quarter fiscal 2025 net sales of $251.0 million, up 6% from the prior quarter, and GAAP net income of $39.1 million, compared with a loss of $7.6 million in the third quarter. For the full fiscal year ended January 26, 2025, GAAP net loss attributable to common stockholders narrowed to $161.9 million from $1,092.0 million. Its first quarter fiscal 2026 outlook calls for adjusted diluted earnings per share of $0.37 plus or minus $0.03, below the $0.40 reported for the fourth quarter.
Q4 fiscal 2025 net sales $251.0 million, up 6% sequentially; GAAP diluted EPS $0.43, adjusted diluted EPS $0.40
FY2025 net sales $909.3 million, up 5% from fiscal 2024; GAAP diluted loss per share $2.26
Q1 fiscal 2026 outlook: net sales $250.0 million plus or minus $5.0 million; adjusted diluted EPS $0.37 plus or minus $0.03
Net debt at fiscal year-end 2025 fell 68% year over year, per CFO Mark Lin
Docusign reported fourth-quarter and fiscal 2025 results for the periods ended January 31, 2025, with total revenue up 9% in the quarter and 8% for the year. The company also issued revenue guidance for the quarter ending April 30, 2025 and for fiscal 2026, which shareholders can use as a reference point for future results.
Q4 GAAP diluted EPS was $0.39 versus $0.13 a year earlier; non-GAAP diluted EPS was $0.86 versus $0.76.
Fiscal 2025 GAAP net income was $1.07 billion, including an income tax benefit of $819.9 million; GAAP diluted EPS was $5.08 versus $0.36.
Guidance: quarter ending April 30, 2025 total revenue of $745 million to $749 million; fiscal 2026 total revenue of $3,129 million to $3,141 million.
Fiscal 2025 stock repurchases were $683.5 million, compared with $145.5 million a year earlier.
G-III Apparel reported fourth-quarter and fiscal 2025 results for the year ended January 31, 2025. Fiscal 2025 net sales rose 2.7% to $3.18 billion, and net income attributable to the company rose to $193.6 million, or $4.20 per diluted share, from $176.2 million, or $3.75, a year earlier. For fiscal 2026, the company expects net sales of about $3.14 billion and diluted EPS of $4.15 to $4.25, compared with non-GAAP EPS of $4.42 in fiscal 2025, so the outlook implies lower sales and lower non-GAAP earnings.
Fourth-quarter net sales rose 9.8% to $839.5 million; diluted EPS was $1.07 versus $0.61 a year earlier.
Fiscal 2025 non-GAAP diluted EPS was $4.42, up from $4.04; GAAP diluted EPS was $4.20, up from $3.75.
Fiscal 2026 outlook: net sales of about $3.14 billion and adjusted EBITDA of $310.0 million to $315.0 million, versus $325.9 million in fiscal 2025.
Total debt fell to $6.2 million from $417.8 million after the company redeemed the entire $400.0 million principal of its notes in August 2024.
Dollar General reported fourth-quarter fiscal 2024 net sales up 4.5% to $10.3 billion, but diluted EPS fell 52.5% to $0.87 after $232 million in store portfolio review charges, and it guided fiscal 2025 diluted EPS to $5.10 to $5.80. The company also amended its $2.375 billion revolving credit facility, which temporarily raises its leverage covenant limit, lowers its fixed charge coverage minimum, and restricts share repurchases until January 30, 2026 or earlier.
Q4 net sales rose 4.5% to $10.3 billion; same-store sales rose 1.2%, while operating profit fell 49.2% to $294.2 million.
The store portfolio review plans 96 Dollar General and 45 pOpshelf store closures and six pOpshelf conversions in fiscal 2025's first quarter.
Fiscal 2025 guidance: net sales growth of 3.4% to 4.4%, same-store sales growth of 1.2% to 2.2%, and diluted EPS of $5.10 to $5.80 (fiscal 2024 diluted EPS was $5.11).
Amendment No. 1, dated March 11, 2025, covers the revolving facility; the Board declared a $0.59 quarterly dividend payable April 22, 2025.
American Eagle reported fourth-quarter 2024 operating income of $142 million and diluted earnings per share of $0.54, up from $0.03 a year earlier, while net revenue fell 4% to $1.6 billion. The company guided fiscal 2025 operating income to $360 million to $375 million, below the $427 million GAAP operating income reported for fiscal 2024, and its board added 50 million shares to the repurchase authorization.
Q4 2024 (13 weeks ended February 1, 2025): net revenue $1.6 billion, down 4%; diluted EPS $0.54 versus $0.03 a year earlier
Fiscal 2025 outlook: operating income of $360 million to $375 million; first-quarter operating income of $20 million to $25 million
Fiscal 2024 GAAP operating income of $427 million; GAAP diluted EPS $1.68 versus $1.74 on an adjusted basis
Board authorized 50 million additional shares for repurchase on March 11, 2025; 68.5 million shares remain authorized through February 3, 2029
UiPath reported fiscal fourth-quarter revenue of $424 million, up 5% year over year, and GAAP operating income of $34 million, compared with $15 million a year earlier. The company guided to fiscal 2026 revenue of $1.525 billion to $1.530 billion and said macroeconomic uncertainty, particularly in the U.S. public sector, is reflected in its outlook. The filing also raises the high end of restructuring costs to $30 million and discloses a planned sale of up to 5,000,000 Class A shares by an entity controlled by CEO Daniel Dines.
Q4 fiscal 2025 revenue $424 million, up 5%; GAAP operating income $34 million vs. $15 million a year earlier
Fiscal 2026 revenue guidance $1.525 billion to $1.530 billion; Q1 fiscal 2026 revenue guidance $330 million to $335 million
Restructuring costs high end raised by $5 million to $30 million; costs now expected by end of Q2 fiscal 2026
Ice Vulcan Holding Limited, controlled by Daniel Dines, adopted a trading plan on December 20, 2024 to sell up to 5,000,000 Class A shares through October 16, 2025
Adobe reported first quarter fiscal 2025 results for the period ended February 28, 2025, with revenue of $5.71 billion, up 10% year over year, and GAAP diluted earnings per share of $4.14 versus $1.36 a year earlier. The prior-year figure included a $1.0 billion Figma acquisition termination fee. The company reaffirmed its FY2025 financial targets, which keeps its full-year outlook unchanged.
Revenue was $5.71 billion, up 10% year over year, or 11% in constant currency.
Non-GAAP diluted EPS was $5.08, compared with $4.48 a year earlier; GAAP diluted EPS was $4.14.
Operating cash flow was $2.48 billion, and the company repurchased about 7.0 million shares during the quarter.
FY2025 targets were reaffirmed, including total revenue of $23.30 billion to $23.55 billion and non-GAAP EPS of $20.20 to $20.50.
Sprinklr reported fourth-quarter and full-year fiscal 2025 results on March 12, 2025. Revenue grew, but operating income and non-GAAP earnings per share declined, and GAAP net income was lifted by an $87.1 million non-cash tax benefit. The company also gave first-quarter and full-year fiscal 2026 revenue and profit ranges.
Q4 total revenue was $202.5 million, up 4% from $194.2 million a year earlier; full-year revenue was $796.4 million, up 9%.
Q4 GAAP operating income fell to $10.5 million from $18.5 million; Q4 non-GAAP diluted EPS was $0.10 versus $0.12.
Q4 GAAP diluted EPS of $0.37 included an $87.1 million non-cash income tax benefit from a valuation allowance release.
Fiscal 2026 guidance projects total revenue of $821.5 million to $823.5 million and non-GAAP operating income of $129 million to $131 million.
ABM reported first-quarter fiscal 2025 revenue of $2.1 billion, up 2.2%, with net income of $43.6 million, or $0.69 per diluted share, versus $0.70 a year earlier. The company raised the low end of its full-year adjusted EPS outlook by $0.05 to a range of $3.65 to $3.80 and declared a $0.265 quarterly dividend, but free cash flow was negative $122.9 million, which management attributed mainly to a temporary working capital increase during its new ERP system transition.
Revenue of $2.1 billion, up 2.2%, including 1.6% organic growth; Technical Solutions revenue rose 21.9% and Aviation rose 8.2%
Net income of $43.6 million ($0.69 per diluted share) vs. $44.7 million ($0.70) a year earlier; adjusted EPS of $0.87 vs. $0.86
Fiscal 2025 adjusted EPS outlook now $3.65 to $3.80; adjusted EBITDA margin forecast unchanged at 6.3% to 6.5%
Free cash flow was negative $122.9 million vs. negative $13.7 million; quarterly dividend of $0.265 payable May 5, 2025 to holders of record April 3, 2025
Casey's reported third-quarter results for the period ended January 31, 2025, with diluted EPS flat at $2.33 and net income flat at $87.1 million, while EBITDA rose 11.4% to $242.4 million. The company now expects fiscal 2025 EBITDA to increase about 11%, and its Board approved a $0.50 quarterly dividend, so shareholders see stable per-share earnings alongside higher operating profit before interest, taxes, depreciation and amortization.
Diluted EPS $2.33, flat year over year; net income $87.1 million; total revenue $3.9 billion
EBITDA $242.4 million, up 11.4%, driven by higher inside and fuel gross profit; higher interest expense from Fikes debt offset gains
Inside same-store sales up 3.7%; same-store fuel gallons up 1.8%; fuel margin 36.4 cents per gallon
Quarterly dividend of $0.50 per share payable May 15, 2025; no shares repurchased in the third quarter
Pursuit reported fourth-quarter and full-year 2024 results on March 11, 2025, after completing the $535 million sale of its GES business on December 31, 2024. Full-year revenue rose 4.6% to $366.5 million, but consolidated adjusted EBITDA fell 2.3% to $77.1 million, and the loss from continuing operations was $57.1 million, including $47.6 million of impairment charges. Reported net income of $368.5 million was driven mainly by the gain on the GES sale, and the company guided to 2025 adjusted EBITDA of $98 million to $108 million.
Full-year 2024 revenue was $366.5 million, up 4.6%; fourth-quarter revenue was $45.8 million, up 8.5%.
Full-year net income attributable to Pursuit was $368.5 million, mainly from a $421.9 million pre-tax gain on the GES sale; the loss from continuing operations was $57.1 million.
Consolidated adjusted EBITDA was $77.1 million, down 2.3%, which the company attributed in part to an adjusted EBITDA decline of approximately $15 million from the Jasper wildfire.
For 2025, the company expects adjusted EBITDA of $98 million to $108 million and revenue up low-double digits.
Ciena reported fiscal first quarter 2025 revenue of $1.07 billion, up from $1.04 billion a year earlier, but GAAP net income fell to $44.6 million, or $0.31 per diluted share, from $49.5 million, or $0.34. Adjusted (non-GAAP) earnings were $0.64 per share versus $0.66, and the company repurchased about 1.0 million shares for $79.2 million during the quarter. The filing does not include new guidance; management said it is very confident in its ability to deliver in fiscal year 2025 and beyond.
Revenue of $1.07 billion, up 3.3% from $1.04 billion in the prior-year quarter
GAAP diluted EPS of $0.31 vs. $0.34; adjusted diluted EPS of $0.64 vs. $0.66
Adjusted operating margin of 12.3% vs. 13.2%; operating cash flow of $103.7 million
Repurchased about 1.0 million shares for $79.2 million during the quarter
For the fiscal second quarter ended February 1, 2025, UNFI reported net sales up 4.9% to $8.2 billion and a net loss of $3 million, or $0.05 per diluted share, versus a $15 million loss a year earlier. The company raised its fiscal 2025 outlook for most metrics, including Adjusted EPS of $0.70 to $0.90, up from $0.40 to $0.80. Both sales and per-share results improved, though the company still posted a GAAP loss for the quarter.
Net sales rose 4.9% to $8.2 billion, driven by a 3% increase in wholesale unit volumes and inflation.
Net loss narrowed to $3 million ($0.05 per diluted share) from $15 million ($0.25); Adjusted EPS was $0.22 versus $0.07.
Adjusted EBITDA rose 13.3% to $145 million; net debt to Adjusted EBITDA ratio fell to 3.7x from 4.3x a year earlier.
Fiscal 2025 outlook raised from the December 10, 2024 guidance: net sales now $31.3 billion to $31.7 billion and free cash flow above $150 million.
DICK'S Sporting Goods reported fourth quarter and full year 2024 results, with fourth quarter net sales of $3.89 billion, up 0.5%, and full year diluted EPS of $14.05, up from $12.18. The company guided 2025 diluted EPS to $13.80 to $14.40 and raised its quarterly dividend 10% to $1.2125 per share, and its board approved a new $3 billion share repurchase program.
Q4 comparable sales rose 6.4%; the fourth quarter had 13 weeks versus 14 in the prior-year period, and the calendar shift reduced net sales by about $30 million.
Q4 GAAP diluted EPS was $3.62, up from $3.57; non-GAAP diluted EPS was $3.62 versus $3.85 a year earlier.
2025 outlook: comparable sales growth of 1.0% to 3.0%, net sales of $13.6 billion to $13.9 billion, and diluted EPS of $13.80 to $14.40.
Dividend of $1.2125 per share payable April 11, 2025, to holders of record on March 28, 2025; new $3 billion repurchase program is in addition to the remaining amount of the $2 billion program authorized December 16, 2021.
Korn Ferry reported third quarter fiscal 2025 results on March 11, 2025. Fee revenue was flat year over year at $668.7 million, while net income attributable to Korn Ferry fell to $58.4 million from $59.1 million, and diluted EPS declined to $1.10 from $1.13, mainly due to a higher income tax provision. Adjusted EBITDA rose to $114.5 million from $101.7 million, and the company guided Q4 fiscal 2025 fee revenue to $680 million to $700 million.
Q3 fee revenue was $668.7 million, flat year over year; up 2% at constant currency; Consulting fee revenue declined while Executive Search, RPO and Digital rose slightly
Net income attributable to Korn Ferry was $58.4 million versus $59.1 million a year earlier; adjusted diluted EPS was $1.19 versus $1.07
Adjusted EBITDA was $114.5 million, with a 17.1% margin, up from 15.2% a year earlier
Q4 fiscal 2025 outlook: fee revenue of $680 million to $700 million and diluted EPS of $1.20 to $1.28
Ferguson reported fiscal second-quarter 2025 results for the quarter ended January 31, 2025, with net sales up 3.0% to $6.9 billion while reported diluted earnings per share fell 12.7% to $1.38. The company reaffirmed its full-year low single digit sales growth guidance but lowered its adjusted operating margin range to 8.3% to 8.8% from 9.0% to 9.5%, and it also declared a $0.83 quarterly dividend and raised its buyback authorization by $1.0 billion.
Net sales of $6.9 billion, up 3.0%; reported operating profit of $410 million, down 14.0%
Diluted EPS of $1.38 versus $1.58 a year earlier; adjusted EPS of $1.52 versus $1.74
FY2025 adjusted operating margin guidance cut to 8.3% to 8.8% from 9.0% to 9.5%; capital expenditure guidance lowered to $325 million to $375 million
Quarterly dividend of $0.83 payable May 6, 2025; share repurchase program increased by $1.0 billion to about $1.4 billion remaining
StandardAero reported fourth-quarter and full-year 2024 results, with revenue up 21.8% in the quarter and 14.8% for the year. Full-year net income was $11.0 million, compared with a net loss of $35.1 million in 2023, although the fourth-quarter net loss widened to $14.1 million from $4.6 million a year earlier. The company also initiated 2025 guidance calling for revenue of $5.8 billion to $5.95 billion and Adjusted EBITDA of $770 million to $790 million.
Q4 2024 revenue was $1,409.6 million, up 21.8% from $1,157.8 million; Q4 net loss was $14.1 million versus $4.6 million a year earlier.
Full-year 2024 net income was $11.0 million versus a net loss of $35.1 million in 2023; full-year Adjusted EBITDA was $690.5 million, up 23.1%.
2025 guidance: revenue of $5.8 billion to $5.95 billion, Adjusted EBITDA of $770 million to $790 million, and free cash flow of $155 million to $175 million.
IPO completed October 2, 2024 at $24.00 per share; net primary proceeds of $1.2 billion were used to pay down debt.
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