811 material Form 8-K filings that 685 companies we cover made with the SEC in April 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).
Navient reported a first-quarter 2025 GAAP net loss of $2 million, or $0.02 per diluted share, compared with net income of $73 million, or $0.64 per diluted share, a year earlier. Core Earnings were $26 million ($0.25 per diluted share), down from $54 million ($0.47) in the first quarter of 2024, though up from a Core loss of $25 million in the fourth quarter of 2024. For shareholders, the year-over-year decline in both GAAP and Core Earnings is the key takeaway.
GAAP net loss of $2 million ($0.02 diluted loss per share) vs. net income of $73 million ($0.64) in Q1 2024
Core Earnings of $26 million ($0.25 per diluted share) vs. $54 million ($0.47) in Q1 2024
Sale of government services business completed in February 2025 for net consideration of $44 million
Repurchased $35 million of common shares; $76 million of repurchase authority remains
Asbury Automotive Group filed a transcript of its first-quarter 2025 earnings call, held April 29, 2025, reporting $4.1 billion in revenue, $724 million in gross profit and adjusted EPS of $6.82. Management cited a sales miss tied to weather and tariff-related uncertainty, and the filing gives no prior-year totals for comparison, so the direction of overall earnings cannot be confirmed from the filing alone.
Q1 2025 revenue of $4.1 billion, gross profit of $724 million, gross margin of 17.5%, and adjusted EBITDA of $240 million
Adjusted net income of $134 million and adjusted EPS of $6.82; adjusted operating margin of 5.8%
Used retail unit volume fell 8% year over year; same-store parts and service gross profit rose 5%
Pending $1.34 billion acquisition of Herb Chambers Automotive Group, with a stated plan to reduce leverage over 18 to 24 months
OGE Energy Corp. reported first quarter 2025 net income of $62.7 million, or $0.31 per diluted share, up from $18.6 million, or $0.09 per diluted share, a year earlier. The company said its 2025 consolidated earnings guidance of $2.21 to $2.33 per diluted share remains unchanged, which means shareholders see stronger quarterly results with no change to the full-year outlook.
Q1 2025 net income was $62.7 million, or $0.31 per diluted share, versus $18.6 million, or $0.09, in Q1 2024
Oklahoma Gas and Electric (OG&E) contributed $0.35 per diluted share, up from $0.12, driven by capital recovery and load growth
Other operations, including the holding company, posted a loss of $0.04 per diluted share, compared with a loss of $0.03
2025 EPS guidance unchanged at $2.27 midpoint, range $2.21 to $2.33, assuming normal weather for the rest of the year
Littelfuse reported first-quarter 2025 net sales of $554 million, up 3.5% from a year earlier, and adjusted diluted EPS of $2.19, up from $1.76. GAAP diluted EPS fell to $1.75 from $1.93, as restructuring, impairment and other charges rose to $9.0 million from $3.2 million. For the second quarter, the company guided to net sales of $565 million to $595 million and adjusted diluted EPS of $2.10 to $2.40.
Q1 net sales $554 million, up 3.5%; organic growth 2.9%
GAAP diluted EPS $1.75 vs. $1.93 a year earlier; adjusted diluted EPS $2.19 vs. $1.76
Q2 2025 guidance: net sales $565 million to $595 million; adjusted diluted EPS $2.10 to $2.40
Quarterly dividend of $0.70 per share, payable June 5, 2025, to holders of record May 22, 2025
Sonoco reported first quarter 2025 results on April 29, 2025, with net sales up 31% to $1.7 billion, driven mainly by the Eviosys acquisition. GAAP net income attributable to Sonoco fell 16% to $54 million, while adjusted EPS rose 23% to $1.38, and the company reaffirmed its full-year 2025 adjusted EPS and adjusted EBITDA guidance. Shareholders get a mixed picture: higher sales and adjusted earnings, lower GAAP profit, and debt reduced after the $1.8 billion sale of its Thermoformed and Flexibles Packaging business.
Net sales rose 30.6% to $1.7 billion; GAAP operating profit rose 75% to $127 million
GAAP diluted EPS was $0.55, down from $0.66; adjusted diluted EPS was $1.38, up from $1.12
Full-year 2025 guidance reaffirmed: adjusted EPS $6.00 to $6.20 and adjusted EBITDA $1,300 million to $1,400 million
Cash used in operating activities was $208 million, compared with $166 million provided a year earlier; total debt was $7.2 billion as of March 30, 2025
Acadia Realty Trust reported first-quarter 2025 NAREIT FFO of $44.6 million, or $0.34 per share, up from $31.0 million, or $0.28, a year earlier, and revenue of $104.4 million versus $91.4 million. GAAP net income fell to $1.3 million, or $0.01 per share, from $3.0 million, or $0.03, partly because of a $9.6 million non-cash loss on change in control, and the company cut its 2025 net earnings per share guidance to $0.12-$0.16 from $0.22-$0.27 while raising its NAREIT FFO guidance to $1.22-$1.26.
NAREIT FFO of $44.6 million, or $0.34 per share, versus $31.0 million, or $0.28, in Q1 2024
Net income of $1.3 million, or $0.01 per share, versus $3.0 million, or $0.03; includes a $9.6 million non-cash charge ($0.08 per share) from change in control accounting for Georgetown Renaissance Portfolio
2025 net earnings per share guidance cut to $0.12-$0.16 from $0.22-$0.27; NAREIT FFO guidance raised to $1.22-$1.26 from $1.19-$1.24
Core same-property NOI rose 4.1%, with the Street Portfolio up 6.8%; full-year same-property NOI guidance of 5-6% was reaffirmed
Unum Group reported first-quarter 2025 net income of $189.1 million ($1.06 per diluted share), down from $395.2 million ($2.04) a year earlier, mainly due to a net after-tax investment loss of $163.4 million. Adjusted operating income fell to $365.5 million ($2.04 per diluted share) from $409.9 million ($2.12), while premium income rose and the company restated its full-year 2025 outlook of 6% to 10% growth in after-tax adjusted operating income per share.
Net income was $189.1 million ($1.06 per diluted share) versus $395.2 million ($2.04) in Q1 2024.
After-tax adjusted operating income was $365.5 million ($2.04 per diluted share) versus $409.9 million ($2.12).
Total revenue was $3,091.6 million versus $3,200.3 million, with a net investment loss of $206.8 million before tax.
Full-year 2025 outlook: after-tax adjusted operating income per share up 6% to 10% versus 2024.
Extra Space Storage reported first-quarter 2025 results, with net income of $1.28 per diluted share, up 26.7%, and Core FFO of $2.00 per diluted share, up 2.0%. The company kept its full-year 2025 Core FFO guidance at $8.00 to $8.30 per share, but same-store net operating income fell 1.2%.
Net income attributable to common stockholders was $1.28 per diluted share, up 26.7% from the prior year period
Core FFO was $2.00 per diluted share, up 2.0%; same-store revenue rose 0.3% while same-store NOI fell 1.2%
2025 Core FFO guidance remained $8.00 to $8.30 per share, unchanged from February 25, 2025
Same-store occupancy was 93.4% at March 31, 2025, up from 92.4% a year earlier
CoStar Group reported first-quarter 2025 revenue of $732 million, up 12% from $656 million a year earlier, but swung to a net loss of $15 million, or $0.04 per diluted share, compared with net income of $7 million in the prior-year quarter. The company said the quarter included a $31 million negative impact tied to the Matterport acquisition, and it set full-year 2025 revenue guidance of $3.115 billion to $3.155 billion and adjusted EBITDA guidance of $355 million to $385 million.
Q1 2025 revenue was $732 million, up 12% from $656 million; adjusted EBITDA was $66 million, up 429% from Q1 2024.
Net loss was $15 million, or $0.04 per diluted share, including a $31 million negative impact associated with Matterport.
Full-year 2025 revenue outlook is $3.115 billion to $3.155 billion; Q2 2025 revenue outlook is $770 million to $775 million.
Full-year 2025 adjusted EBITDA outlook is $355 million to $385 million, including Matterport; Q2 2025 adjusted EBITDA outlook is $50 million to $60 million.
Essex Property Trust reported first quarter 2025 results on April 29, 2025. Core FFO per diluted share rose 3.7% from a year earlier to $3.97, beating the midpoint of its guidance by $0.05, while net income per diluted share fell 25.6% to $3.16 because of gains recognized in the first quarter of 2024. The company reaffirmed its full-year 2025 Core FFO guidance of $15.56 to $16.06 per diluted share.
Core FFO per diluted share was $3.97 versus $3.83 in Q1 2024; net income per diluted share was $3.16 versus $4.25.
Same-property revenue grew 3.4% year over year and same-property NOI grew 3.3%.
Full-year 2025 net income per diluted share guidance was raised to $9.19 to $9.69 from $5.79 to $6.29, while Core FFO guidance was unchanged at $15.56 to $16.06.
The annual dividend was increased 4.9% to $10.28 per common share, the company's 31st consecutive annual increase.
MSA Safety reported first quarter 2025 results for the period ended March 31, 2025, with net sales of $421 million, up 2% on a GAAP basis and 4% on an organic basis. GAAP diluted earnings per share rose to $1.51 from $1.47, and the company kept its low-single-digit full-year 2025 organic sales growth outlook while citing tariff and macroeconomic risks.
Net sales of $421 million, up 2% GAAP and 4% organic, from $413 million a year earlier
GAAP net income of $60 million, or $1.51 per diluted share, versus $1.47 a year earlier; adjusted diluted EPS of $1.68 versus $1.61
Full-year 2025 low-single-digit organic sales growth outlook maintained; company flagged increased risk from macroeconomic factors including tariffs
Conference call scheduled for Wednesday, April 30, 2025, at 10:00 a.m. Eastern time
Veralto reported first-quarter 2025 results for the period ended April 4, 2025, with sales up 6.9% year over year and GAAP diluted earnings per share of $0.90, up from $0.74. The company reaffirmed its full-year 2025 adjusted EPS guidance of $3.60 to $3.70 and said tariff countermeasures are in place, which supports shareholders' view of near-term earnings.
Sales rose 6.9% to $1,332 million; non-GAAP core sales grew 7.8%
GAAP net earnings were $225 million, or $0.90 per diluted share, versus $184 million, or $0.74, a year earlier
Non-GAAP adjusted diluted EPS was $0.95, versus $0.84 in the prior-year period
Full-year 2025 adjusted EPS guidance of $3.60 to $3.70 was reaffirmed; second-quarter adjusted EPS guidance is $0.84 to $0.88
O-I Glass reported a first-quarter 2025 net loss attributable to the company of $16 million, or $0.10 per diluted share, versus net earnings of $72 million, or $0.45 per share, a year earlier. Net sales were $1,567 million, down from $1,593 million, and the company cited $80 million of restructuring and asset impairment charges tied to its Fit To Win program. The company reaffirmed its 2025 adjusted EPS guidance of $1.20 to $1.50 and free cash flow guidance of $150 million to $200 million.
Net loss attributable to the company was $16 million, or $0.10 per diluted share, compared with net earnings of $72 million, or $0.45 per share, in Q1 2024; the results include $80 million of restructuring and asset impairment charges.
Adjusted EPS was $0.40 per diluted share, compared with $0.45 in the prior-year quarter.
Net sales were $1,567 million versus $1,593 million; segment operating profit was $209 million versus $235 million.
2025 guidance was unchanged: adjusted EPS of $1.20 to $1.50 and free cash flow of $150 million to $200 million. A conference call is scheduled for April 30, 2025, at 8:00 a.m. EDT.
Regency Centers reported first-quarter 2025 Nareit FFO of $210.7 million, or $1.15 per diluted share, up from $1.08 a year earlier. Net income attributable to common shareholders was $0.58 per diluted share, the same as in the first quarter of 2024. The company reaffirmed its full-year 2025 guidance, including Nareit FFO of $4.52 to $4.58 per diluted share.
Nareit FFO was $210.7 million, or $1.15 per diluted share, versus $200.0 million, or $1.08, in the first quarter of 2024
Core Operating Earnings were $199.4 million, or $1.09 per diluted share, versus $1.04 a year earlier
Same Property NOI, excluding lease termination fees, rose 4.3% year over year
2025 guidance was unchanged, with Nareit FFO of $4.52 to $4.58 per diluted share and Same Property NOI growth of +3.2% to +4.0% excluding termination fees
PPG reported first-quarter 2025 net sales of $3.7 billion, down 4% from a year earlier, with reported EPS of $1.64 and adjusted EPS of $1.72, down 4% and 8%. Organic sales rose 1% on higher volumes, but currency translation and divestitures reduced reported sales. PPG reaffirmed its full-year 2025 adjusted EPS guidance of $7.75 to $8.05.
Net sales were $3,684 million versus $3,849 million, down 4%; organic sales rose 1%.
Reported EPS was $1.64 versus $1.71; adjusted EPS was $1.72 versus $1.87.
Share repurchases totaled approximately $400 million in the quarter; net debt was $5.4 billion, up $340 million year over year.
Full-year 2025 adjusted EPS guidance of $7.75 to $8.05 was reaffirmed, not changed.
Equity Residential reported first quarter 2025 results on April 29, 2025, with diluted earnings per share down 13.0% from a year earlier while funds from operations (FFO) per share rose 8.0%. The company said results exceeded its first quarter guidance expectations and set second quarter 2025 guidance, while not revising its annual guidance; the filing identifies the company as NYSE: EQR, not VMRK.
Diluted EPS was $0.67 versus $0.77 a year earlier, a decline of 13.0%, due primarily to lower property sale gains and higher depreciation expense.
FFO per share was $0.94 versus $0.87 (up 8.0%); Normalized FFO per share was $0.95 versus $0.93 (up 2.2%).
Rental income was $760.8 million versus $730.8 million; same store revenues rose 2.2% and same store NOI rose 1.3% year over year.
Second quarter 2025 guidance: EPS $0.49 to $0.53, FFO per share $0.95 to $0.99, and Normalized FFO per share $0.96 to $1.00.
Artisan Partners reported first-quarter 2025 results for the three months ended March 31, 2025. Revenue rose 5% from a year earlier to $277.1 million but fell 7% from the December 2024 quarter, and GAAP diluted earnings per share were $0.82, compared with $0.97 a quarter earlier and $0.84 a year earlier. The company also declared a variable quarterly dividend of $0.68 per share, payable May 30, 2025.
Revenue of $277.1 million, up 5% from $264.4 million a year earlier and down 7% from $297.0 million in the December 2024 quarter, which included $14.7 million of performance fees.
GAAP net income of $61.1 million, or $0.82 per diluted share, versus $0.84 a year earlier; adjusted net income of $67.0 million, or $0.83 per adjusted share, versus $0.76 a year earlier.
Ending AUM was $162.4 billion at March 31, 2025, up from $160.4 billion a year earlier, with $2.8 billion of net client cash outflows in the quarter.
Board declared a $0.68 per share variable dividend for the March 2025 quarter, payable May 30, 2025, to holders of record on May 16, 2025.
ONEOK reported first quarter 2025 net income attributable to ONEOK of $636 million, or $1.04 per diluted share, down from $639 million, or $1.09, a year earlier. Adjusted EBITDA rose to $1.78 billion from $1.44 billion, helped by the EnLink acquisition, and the company affirmed its full-year 2025 financial guidance. Shareholders get higher operating scale but slightly lower per-share earnings this quarter, with transaction costs from the EnLink deal weighing on results.
Net income attributable to ONEOK was $636 million, or $1.04 per diluted share, versus $639 million, or $1.09, in Q1 2024.
Adjusted EBITDA was $1.78 billion versus $1.44 billion; total revenues were $8.04 billion versus $4.78 billion.
EnLink acquisition closed Jan. 31, 2025; $42 million of related transaction costs reduced diluted EPS by 5 cents.
Company affirmed full-year 2025 financial guidance and declared a quarterly dividend of $1.03 per share in April 2025.
Vicor reported first-quarter 2025 results for the period ended March 31, 2025. Revenue rose 12.0% from a year earlier but fell 2.3% from the fourth quarter of 2024, and the company swung to net income of $2.5 million, or $0.06 per diluted share, from a net loss of $14.5 million a year earlier. Gross margin fell to 47.2% from 53.8% a year earlier, and the filing gives no guidance for future periods.
Net revenues were $94.0 million, up 12.0% from $83.9 million a year earlier and down 2.3% from $96.2 million in Q4 2024.
Net income was $2.5 million, or $0.06 per diluted share, versus a net loss of $14.5 million, or $0.33 per share, a year earlier; Q4 2024 net income was $10.2 million, or $0.23 per share.
Gross margin was 47.2% of revenue, down from 53.8% a year earlier and 52.4% in Q4 2024.
Cash flow from operations was $20.1 million, and cash and cash equivalents were approximately $296.1 million at March 31, 2025.
Mirion reported first-quarter 2025 revenue of $202.0 million, up 4.9% from a year earlier, and GAAP net income of $0.4 million versus a net loss of $26.5 million in the prior-year quarter. The company raised its full-year 2025 total revenue growth guidance to 5.0% to 7.0% from 4.0% to 6.0%, while reaffirming its organic revenue, Adjusted EBITDA, Adjusted EPS, and Adjusted Free Cash Flow guidance.
Q1 2025 revenue was $202.0 million, up 4.9% from $192.6 million; Adjusted EBITDA rose 18% to $46.7 million.
GAAP EPS was $0.00 versus a loss of $0.13 per share in Q1 2024; Adjusted EPS was $0.10 versus $0.06.
Total revenue growth guidance for fiscal 2025 was raised to approximately 5.0% to 7.0%, from 4.0% to 6.0%.
Adjusted EBITDA margin guidance is now 24.0% to 25.5%, down from 24.5% to 25.5% at the low end; Adjusted EBITDA guidance of $215 million to $230 million was unchanged.
American Assets Trust reported first-quarter 2025 net income attributable to common stockholders of $42.5 million, or $0.70 per diluted share, up from $19.3 million, or $0.32, a year earlier. The increase was driven mainly by a $44.5 million gain on the sale of Del Monte Center, while FFO per diluted share excluding lease termination fees and litigation income fell 10% to $0.52, and the company affirmed its full-year 2025 FFO guidance.
Net income attributable to common stockholders was $42.5 million, or $0.70 per diluted share, versus $19.3 million, or $0.32, in the first quarter of 2024, mainly due to a $44.5 million gain on the sale of Del Monte Center.
FFO per diluted share excluding lease termination fees and litigation income was $0.52, down 10% from $0.58 a year earlier, which excluded $10.0 million of litigation income.
The company affirmed its 2025 FFO per diluted share guidance range of $1.87 to $2.01, with a midpoint of $1.94.
At March 31, 2025, liquidity was $543.9 million, including $143.9 million of cash and cash equivalents.
Caesars Entertainment reported first-quarter 2025 results for the period ended March 31, 2025. Net revenues rose to $2.8 billion from $2.7 billion, and the net loss attributable to Caesars narrowed to $115 million from $158 million, while same-store Adjusted EBITDA increased to $884 million from $849 million.
Net revenues were $2.8 billion versus $2.7 billion in the prior-year quarter.
Net loss attributable to Caesars was $115 million, compared with $158 million a year earlier.
Same-store Adjusted EBITDA was $884 million versus $849 million; Caesars Digital Adjusted EBITDA was $43 million versus $5 million.
CFO Bret Yunker said the company repurchased $100 million of its shares in April 2025 at an average price of $23.84 per share.
BXP, Inc. reported first-quarter 2025 net income attributable to BXP of $61.2 million, or $0.39 per diluted share, compared with a loss of $230.0 million in the fourth quarter of 2024, which included about $341.3 million of impairment charges on unconsolidated joint ventures. Diluted FFO per share fell to $1.64 from $1.79, and the company also issued guidance for the second quarter and full year 2025, with full-year diluted EPS projected at $1.60 to $1.72 and FFO per share at $6.80 to $6.92.
Q1 2025 revenue was $865.2 million, up from $858.6 million in Q4 2024.
Net income attributable to BXP was $61.2 million ($0.39 per diluted share), versus a loss of $230.0 million ($1.45 per share) in Q4 2024.
Diluted FFO per share was $1.64, down from $1.79 in Q4 2024; in-service occupancy was 86.9%, versus 87.5%.
Guidance: Q2 2025 diluted EPS of $0.38 to $0.40 and FFO of $1.65 to $1.67 per share; full-year 2025 EPS of $1.60 to $1.72 and FFO of $6.80 to $6.92 per share.
Kite Realty Group reported first-quarter 2025 net income attributable to common shareholders of $23.7 million, or $0.11 per diluted share, up from $14.2 million, or $0.06 per diluted share, a year earlier. The company raised its 2025 NAREIT FFO guidance to $2.04 to $2.10 per diluted share from $2.02 to $2.08, and its Core FFO guidance to $2.00 to $2.06 from $1.98 to $2.04.
Q1 2025 net income attributable to common shareholders was $23.7 million, or $0.11 per diluted share, versus $14.2 million, or $0.06, in Q1 2024.
Core FFO of the Operating Partnership was $118.1 million, or $0.53 per diluted share, versus $0.48 a year earlier.
2025 NAREIT FFO guidance raised to $2.04 to $2.10 per diluted share; Core FFO guidance raised to $2.00 to $2.06.
Board declared a second-quarter 2025 dividend of $0.27 per share, an 8.0% year-over-year increase, payable on or about July 16, 2025.
Fair Isaac Corporation reported results for its fiscal second quarter ended March 31, 2025. GAAP diluted EPS rose to $6.59 from $5.16, and revenue rose 15% to $498.7 million, with Scores revenue up 25% and Software revenue up 2%. The company reiterated its fiscal 2025 guidance, which it says includes double-digit percentage growth for both revenue and earnings.
GAAP net income was $162.6 million, or $6.59 per diluted share, versus $129.8 million, or $5.16, in the prior-year quarter.
Revenue was $498.7 million versus $433.8 million; Scores revenue rose 25% to $297.0 million and Software revenue rose 2% to $201.7 million.
Fiscal 2025 guidance was reiterated: revenue of $1.98 billion and GAAP EPS of $25.05.
Free cash flow was $65.5 million versus $61.6 million; non-GAAP EPS was $7.81 versus $6.14.
JBG SMITH reported first-quarter 2025 results, with a net loss of $45.7 million ($0.56 per diluted share), up from $32.3 million ($0.36 per share) a year earlier. Core FFO fell to $7.2 million ($0.09 per diluted share) from $26.9 million ($0.29), and the company expects earnings to keep declining through mid-2025, which weighs on shareholder returns.
Net loss of $45.7 million ($0.56 per diluted share) vs. $32.3 million ($0.36) in Q1 2024
FFO was negative $6.2 million ($0.08 per diluted share) vs. $10.7 million ($0.12) in Q1 2024
Core FFO of $7.2 million ($0.09 per diluted share) vs. $26.9 million ($0.29); would have been $0.14 excluding an early lease termination
Management expects continued decreases in earnings and increases in Net Debt to Annualized Adjusted EBITDA through mid-2025
Stride reported third-quarter fiscal 2025 revenue of $613.4 million, up 17.8%, and net income of $99.3 million, up 42.6%, for the quarter ended March 31, 2025. The company raised its full-year fiscal 2025 revenue and adjusted operating income forecasts, which matters to shareholders because it signals higher expected results for the year.
Q3 revenue $613.4 million vs. $520.8 million; diluted EPS $2.02 vs. $1.60
Q3 average enrollments of 240.2K, up 21.1%; Career Learning enrollments up 33.7%
Fiscal 2025 revenue outlook raised to $2.370 billion to $2.385 billion
Fiscal 2025 adjusted operating income outlook set at $455 million to $465 million
Benchmark Electronics reported first quarter 2025 revenue of $632 million, down from $676 million a year earlier, and GAAP diluted earnings of $0.10 per share, down from $0.38. CEO Jeff Benck said tariff-related uncertainty could affect some customer sourcing decisions in the near term, and the company guided second quarter 2025 revenue to $615 million to $665 million and non-GAAP diluted EPS to $0.52 to $0.58.
Revenue was $632 million, down from $676 million in the first quarter of 2024 and $657 million in the fourth quarter of 2024.
GAAP diluted EPS was $0.10 versus $0.38 a year earlier; non-GAAP diluted EPS was $0.52 versus $0.55.
Results include a $10.3 million legal and other settlement loss, which the filing says relates to a Mexico tax assessment.
Second quarter 2025 guidance: revenue of $615 million to $665 million and non-GAAP diluted EPS of $0.52 to $0.58.
Equitable Holdings reported first quarter 2025 net income attributable to Holdings of $63 million, or $0.16 per share, down from $92 million, or $0.23 per share, a year earlier. Non-GAAP operating earnings were $421 million, or $1.30 per share, compared with $477 million, or $1.39 per share, in the first quarter of 2024. The company also plans to raise its quarterly dividend to $0.27 per share from $0.24 in the second quarter and expects to close its life reinsurance transaction with RGA in mid-2025.
Net income attributable to Holdings was $63 million, or $0.16 per share, versus $92 million, or $0.23 per share, in Q1 2024.
Non-GAAP operating earnings were $421 million, or $1.30 per share, versus $477 million, or $1.39 per share; $1.35 per share after adjusting for notable items.
Novation of certain Legacy VA policies resulted in a $499 million pre-tax loss and a total impact loss of $236 million.
Quarterly dividend to rise to $0.27 per share from $0.24 in Q2; RGA life reinsurance transaction expected to close mid-2025.
Seagate reported fiscal third-quarter 2025 revenue of $2.16 billion, up from $1.655 billion a year earlier, and GAAP net income of $340 million, up from $25 million. The company also guided fiscal fourth-quarter revenue to $2.40 billion, plus or minus $150 million, and non-GAAP diluted EPS to $2.40, plus or minus $0.20.
Q3 revenue $2.16 billion vs $1.655 billion in the prior-year quarter; GAAP diluted EPS $1.57 vs $0.12
Non-GAAP diluted EPS $1.90 vs $0.33; the company said this was at the top of its guidance range
Arch Capital Group reported first-quarter 2025 net income available to common shareholders of $564 million, or $1.48 per diluted share, down from $1.1 billion, or $2.92 per share, a year earlier. Results were hit by $547 million in pre-tax catastrophic losses, primarily related to the California wildfires, which pushed underwriting income down 43.3% to $417 million. Shareholders also saw book value per common share rise 3.8% to $55.15.
Net income available to common shareholders was $564 million, or $1.48 per share, versus $1.1 billion, or $2.92 per share, in the first quarter of 2024.
After-tax operating income was $587 million, or $1.54 per share, versus $933 million, or $2.45 per share, a year earlier.
Pre-tax current accident year catastrophic losses were $547 million, primarily related to the California wildfires.
Share repurchases totaled approximately $196 million in the quarter.
W. P. Carey reported first quarter 2025 results on April 29, 2025. Revenues, including reimbursable costs, rose 5.2% to $409.9 million, and AFFO per diluted share rose 2.6% to $1.17, but net income attributable to the company fell 21.0% to $125.8 million, or $0.57 per diluted share, from a year earlier. The company reaffirmed its 2025 AFFO guidance of $4.82 to $4.92 per diluted share.
Revenues, including reimbursable costs, were $409.9 million, up 5.2% from $389.8 million in the first quarter of 2024.
Net income attributable to W. P. Carey was $125.8 million, down 21.0% from $159.2 million, mainly due to higher foreign debt remeasurement losses and a higher credit loss allowance.
AFFO per diluted share was $1.17, up from $1.14, and 2025 AFFO guidance of $4.82 to $4.92 per diluted share was reaffirmed.
The quarterly dividend was $0.890 per share, and year-to-date investment volume reached $448.6 million.
Werner Enterprises reported first-quarter 2025 total revenues of $712.1 million, down $57.0 million or 7%, and a net loss attributable to Werner of $10.1 million, compared with net income of $6.3 million a year earlier. Management said results were below its expectations due to elevated insurance costs, extreme weather, a smaller fleet and tariff-related changes in customer activity. The 2025 guidance table in the release shows the same ranges as before, so the filing does not change the outlook.
Total revenues were $712.1 million, down $57.0 million or 7% from $769.1 million in first quarter 2024.
Operating loss was $5.8 million versus $15.6 million of operating income a year earlier; operating margin was (0.8)%.
Diluted loss per share was $0.16 compared with diluted earnings per share of $0.10; cash flow from operations was $29.4 million versus $88.6 million.
The company did not repurchase shares in first quarter 2025 and had 3.9 million shares remaining under its authorization as of March 31, 2025.
Mondelēz International reported first-quarter 2025 results with net revenues of $9,313 million, up 0.2%, while diluted EPS fell 70.2% to $0.31 and operating income fell to $680 million from $2,727 million. The company said the profit decline was driven mainly by unfavorable year-over-year mark-to-market impacts from commodity and currency derivatives, and it reaffirmed its 2025 outlook, including Adjusted EPS expected to decline about 10% on a constant currency basis due to cocoa cost inflation.
Net revenues were $9,313 million, up 0.2%; organic net revenue grew 3.1%, with volume/mix down 3.5 points
Diluted EPS was $0.31 versus $1.04 a year earlier; Adjusted EPS was $0.74, down 18.3% on a constant currency basis
Operating income was $680 million versus $2,727 million; the company returned $2.1 billion to shareholders in the quarter
2025 outlook reaffirmed: organic net revenue growth of about 5%, Adjusted EPS down about 10% constant currency, and free cash flow of $3+ billion
Rogers Corporation reported first quarter 2025 net sales of $190.5 million and a net loss of $1.4 million, or $(0.08) per diluted share, compared with net income of $7.8 million a year earlier. Management said results were in line with its guidance and gave second quarter 2025 net sales guidance of $190 million to $205 million, with adjusted earnings per diluted share of $0.30 to $0.70.
Q1 2025 net sales were $190.5 million, down from $213.4 million in Q1 2024 and down 0.9% from Q4 2024.
GAAP diluted loss per share was $(0.08) in Q1 2025, versus earnings of $0.42 in Q1 2024.
Adjusted earnings per diluted share were $0.27, versus $0.58 in Q1 2024.
Q2 2025 guidance: net sales of $190 million to $205 million and GAAP earnings per diluted share of $0.00 to $0.40; cash and equivalents were $175.6 million at March 31, 2025.
STAG Industrial reported first quarter 2025 results, with net income attributable to common stockholders of $91.3 million, or $0.49 per diluted share, up from $36.6 million, or $0.20, a year earlier. The filing notes that the quarter's net income included a $49.9 million gain on the sale of rental property, and Core FFO per diluted share rose 3.4% to $0.61. The company did not provide guidance in this filing.
Net income attributable to common stockholders was $91.3 million for Q1 2025, up 149.7% from $36.6 million in Q1 2024, and included a $49.9 million gain on the sale of rental property.
Core FFO per diluted share was $0.61, up 3.4% from $0.59; Cash NOI rose 8.1% to $157.2 million.
Same Store Cash NOI rose 3.4% to $144.6 million, and occupancy was 95.9% on the total portfolio as of March 31, 2025.
The company will hold a conference call at 10:00 a.m. Eastern on April 30, 2025.
AMERISAFE reported first-quarter 2025 results, with net income falling 47.1% to $8.9 million and diluted earnings per share falling to $0.47 from $0.88. Net premiums earned rose 0.6% to $68.9 million, and gross premiums written rose 4.6% to $83.8 million, but lower investment results, including $3.2 million of net unrealized losses on equity securities, drove the profit decline. The board also declared a quarterly dividend of $0.39 per share.
Net income was $8.9 million versus $16.9 million a year earlier; operating earnings per share were $0.60 versus $0.69, down 13.0%.
Net combined ratio was 89.1% versus 87.3% in the first quarter of 2024; the underwriting expense ratio rose to 29.9% from 27.3%.
Book value per share was $13.69 at March 31, 2025, up 1.3% from $13.51 at December 31, 2024.
The board declared a quarterly cash dividend of $0.39 per share, payable June 20, 2025, to holders of record as of June 13, 2025.
Edison International reported first-quarter 2025 GAAP net income of $1,436 million, or $3.73 per share, and core earnings of $528 million, or $1.37 per share, up from $1.13 a year earlier. Operating revenue fell to $3,811 million from $4,078 million, and the company affirmed its 2025 core EPS guidance of $5.94 to $6.34. Management also said it is probable that the company will incur material losses related to the Eaton Fire, with the investigation ongoing.
GAAP EPS of $3.73 included $908 million, or $2.36 per share, of non-core items, mainly from the TKM Settlement Agreement.
Core EPS of $1.37 compared with $1.13 in the first quarter of 2024; SCE core EPS was $1.61 and Parent and Other was a loss of $0.24 per share.
2025 core EPS guidance of $5.94 to $6.34 was affirmed as of April 29, 2025.
Management stated that, in light of pending litigation, it is probable EIX and SCE will incur material losses in connection with the Eaton Fire.
Visa reported fiscal second-quarter 2025 results for the period ended March 31, 2025. Net revenue rose 9% to $9.6 billion, but GAAP net income fell 2% to $4.6 billion because of a $992 million litigation provision, while non-GAAP earnings per share rose 10% to $2.76. The board also authorized a new $30.0 billion multi-year share repurchase program and declared a quarterly dividend of $0.590 per share.
Net revenue of $9.6 billion, up 9% (11% on a constant-dollar basis)
GAAP net income of $4.6 billion, down 2%; GAAP EPS of $2.32, up 1%, including a $992 million litigation provision
Non-GAAP net income of $5.4 billion, or $2.76 per share, up 6% and 10%
New $30.0 billion share repurchase program; $0.590 dividend payable June 2, 2025 to holders of record as of May 13, 2025
NMI Holdings reported first-quarter 2025 net income of $102.6 million, or $1.28 per diluted share, up from $89.0 million, or $1.08 per diluted share, a year earlier. Total revenue rose to $173.2 million from $156.3 million, and book value per share excluding net unrealized gains and losses reached $30.85. The results, furnished in a press release under Item 2.02, show higher earnings per share for shareholders compared with the prior-year quarter.
Net income of $102.6 million, or $1.28 per diluted share, versus $89.0 million, or $1.08, in the first quarter of 2024.
Total revenue of $173.2 million, compared with $156.3 million in the first quarter of 2024.
Loss ratio of 3.0%, compared with 2.7% a year earlier; expense ratio of 20.2%, compared with 21.8%.
Book value per share excluding net unrealized gains and losses was $30.85, up 17% from $26.42 a year earlier.
UMB Financial reported first-quarter 2025 GAAP net income available to common shareholders of $79.3 million, or $1.21 per diluted share, down from $2.44 in the fourth quarter but up from $2.25 a year earlier. Results include $53.2 million of acquisition-related and other nonrecurring costs and an $86.0 million provision for credit losses, following the January 31, 2025 merger with Heartland Financial, while operating earnings rose to $2.58 per share. The company also declared a $0.40 quarterly dividend and authorized repurchase of up to one million common shares.
GAAP net income available to common shareholders was $79.3 million, or $1.21 per diluted share, versus $120.0 million, or $2.44, in Q4 2024 and $110.3 million, or $2.25, in Q1 2024.
Operating earnings per diluted share were $2.58, compared with $2.49 in the linked quarter and $2.47 in Q1 2024.
Total revenue rose to $563.8 million from $434.2 million in Q4 2024 and $398.7 million in Q1 2024.
The board declared a $0.40 per share dividend payable July 1, 2025, to holders of record on June 10, 2025, and authorized repurchase of up to 1,000,000 shares.
Community Financial System reported first quarter 2025 net income of $49.6 million, or $0.93 per diluted share, up from $0.76 a year earlier but down $0.01 from the fourth quarter of 2024. Total revenues rose 10.7% year over year to $196.2 million, with net interest income at a record $120.2 million, which supports earnings for shareholders.
Net income $49.6 million, or $0.93 per share, versus $0.76 in Q1 2024 and $0.94 in Q4 2024
Total revenues $196.2 million, up $19.0 million or 10.7% from Q1 2024
Net interest income record $120.2 million; provision for credit losses $6.7 million, driven by a $3.8 million specific reserve increase
No shares were repurchased under the 2025 stock repurchase program in Q1 2025
NOV Inc. reported first-quarter 2025 revenue of $2.10 billion, down 2% from a year earlier, and net income of $73 million, or $0.19 per share, down 39%. Adjusted EBITDA rose 5% to $252 million, and the company guided to second-quarter revenue down 1% to 4% year over year, with Adjusted EBITDA of $250 million to $280 million. For shareholders, lower profit and a softer revenue outlook sit alongside higher cash flow and $109 million returned through buybacks and dividends.
Q1 2025 revenue was $2.10 billion, down 2%; operating profit fell 6% to $152 million
Net income was $73 million, or $0.19 per share, versus $119 million in Q1 2024
Q2 2025 guidance: consolidated revenue down 1% to 4% year over year; Adjusted EBITDA $250 million to $280 million
Returned $109 million to shareholders in Q1, including $81 million of share repurchases
First Commonwealth Financial reported first-quarter 2025 net income of $32.7 million, or $0.32 per diluted share, down from $35.8 million and $0.35 in the fourth quarter of 2024 and from $37.5 million and $0.37 a year earlier. The company also raised its quarterly cash dividend 3.9% to $0.135 per share and said it expects to complete its CenterGroup Financial acquisition on April 30, 2025.
Net income $32.7 million, or $0.32 per diluted share, for the quarter ended March 31, 2025, versus $35.8 million ($0.35) in Q4 2024 and $37.5 million ($0.37) in Q1 2024
Quarterly dividend raised to $0.135 per share from $0.130, payable May 23, 2025 to shareholders of record as of May 9, 2025
Net charge-offs fell to $3.1 million from $13.7 million in the prior quarter; the acquisition of CenterGroup Financial is expected to be completed April 30, 2025
Universal Health Services reported first-quarter 2025 net income attributable to UHS of $316.7 million, or $4.80 per diluted share, up from $261.8 million, or $3.82, a year earlier, on net revenues that rose 6.7% to $4.100 billion. Operating cash flow fell to $360 million from $396 million, mainly because of delayed receipts from certain Medicaid supplement payment programs, which the filing says is partly tied to a Nevada program approved in April 2025.
Net revenues rose 6.7% to $4.100 billion from $3.844 billion in the first quarter of 2024.
Diluted EPS was $4.80 versus $3.82; adjusted diluted EPS was $4.84 versus $3.70.
Net cash from operating activities was $360 million versus $396 million, with accounts receivable up $144 million on a year-over-year basis.
The company repurchased about 1.0 million shares for $180.6 million in the quarter, with $643.7 million of repurchase authorization remaining as of March 31, 2025.
LGI Homes reported first-quarter 2025 home sales revenues of $351.4 million, down from $390.9 million a year earlier, and net income of $4.0 million, or $0.17 per diluted share, versus $17.1 million, or $0.72 per diluted share, in the prior-year quarter. The company also lowered its full-year 2025 gross margin guidance, citing expected tariff-related supplier price increases, which weighs on shareholders' expected profitability for the year.
Q1 2025 home sales revenues were $351.4 million versus $390.9 million in Q1 2024; home closings were 996 versus 1,083.
Net income was $4.0 million, or $0.17 diluted EPS, compared with $17.1 million, or $0.72, a year earlier.
Full-year 2025 gross margin guidance was trimmed by 150 basis points at the low end and 100 basis points at the high end, to 21.7% to 23.2%; adjusted gross margin guidance is 24.0% to 25.5%.
Other full-year 2025 outlook items were reiterated, including 6,200 to 7,000 home closings and an average sales price of $360,000 to $370,000.
ACM Research said preliminary first-quarter 2025 revenue is expected to be $165 million to $170 million, up 8.4% to 11.7% year over year, while preliminary total shipments are expected to be $154 million to $157 million, down 36% to 37%. The company said the shipments decline is partly due to customer pull-ins into the fourth quarter of 2024 and reaffirmed its full-year 2025 revenue outlook of $850 million to $950 million, which the company said would represent growth of 9% to 21%.
Preliminary Q1 2025 revenue of $165 million to $170 million, up 8.4% to 11.7% year over year.
Preliminary Q1 2025 total shipments of $154 million to $157 million, down 36% to 37%, partly due to Q4 2024 customer pull-ins.
Full-year 2025 revenue outlook of $850 million to $950 million reaffirmed; the company expects a return to year-over-year shipment growth in Q2 2025.
Full first-quarter results and revenue outlook to be discussed on an earnings call on May 8, 2025.
Entergy reported first quarter 2025 earnings of $361 million, or 82 cents per share, on both an as-reported and adjusted basis, compared with $75 million, or 18 cents per share, as-reported in the first quarter of 2024. The company affirmed its 2025 adjusted earnings per share guidance range of $3.75 to $3.95. The year-over-year gain was helped by the absence of a 2024 charge, and the guidance was reaffirmed rather than changed.
Q1 2025 as-reported and adjusted earnings were $361 million, or 82 cents per share, versus $75 million, or 18 cents, as-reported in Q1 2024.
Q1 2024 adjusted earnings were $230 million, or 54 cents per share, after excluding $155 million of after-tax adjustments.
Entergy affirmed its 2025 adjusted earnings per share guidance range of $3.75 to $3.95.
Operating cash flow was $536 million in Q1 2025, compared with $521 million in Q1 2024.
NexPoint Residential Trust reported a first quarter 2025 net loss attributable to common stockholders of $6.9 million, or $0.27 per diluted share, compared with net income of $26.3 million, or $1.00 per diluted share, a year earlier. The prior-year result included a $31.7 million gain on sales of real estate, and total revenues fell to $63.2 million from $67.6 million. The company raised the midpoint of its 2025 Core FFO per diluted share guidance to $2.75 from $2.70, while the midpoint of its full-year loss per diluted share guidance moved to $(1.22) from $(1.19).
Q1 2025 net loss attributable to common stockholders was $(6.9) million, or $(0.27) per diluted share, versus net income of $26.3 million, or $1.00 per diluted share, in Q1 2024
Total revenues were $63.2 million versus $67.6 million; FFO was $17.4 million ($0.68 per diluted share) versus $18.9 million; Core FFO was $19.1 million ($0.75 per diluted share) versus $19.4 million ($0.74)
2025 Core FFO per diluted share guidance midpoint raised to $2.75 from $2.70; loss per diluted share guidance midpoint set at $(1.22) versus a prior $(1.19)
Board approved a quarterly dividend of $0.51 per share on April 28, 2025, payable June 30, 2025
Insperity reported first-quarter 2025 results and updated its 2025 outlook. Revenues rose 3% to $1.9 billion, but net income fell 35% to $51 million, driven by higher-than-expected healthcare costs. The updated full-year guidance projects adjusted EPS of $2.23 to $3.28, a year-over-year decrease of 8% to 38%, which points to lower earnings for shareholders in 2025.
Q1 2025 net income was $51 million, down 35% from $79 million; diluted EPS was $1.35 versus $2.08 a year earlier.
Revenues rose 3% to $1.9 billion, but gross profit fell 10% to $310 million on higher-than-expected benefits costs.
Full-year 2025 guidance: adjusted EPS of $2.23 to $3.28 and adjusted EBITDA of $190 million to $245 million, both down year over year.
Q2 2025 adjusted EPS guidance is $0.29 to $0.67, a year-over-year decrease of 66% to 22%.
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