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).
Pilgrim's Pride reported first quarter 2025 results with net sales of $4.5 billion, up 2.3% from a year earlier, and GAAP diluted EPS of $1.24 versus $0.73. Operating income rose 61.6% to $404.5 million, and the company paid a special dividend of $1.5 billion, leaving a net leverage ratio of 1.1x of Adjusted EBITDA for shareholders to weigh.
Net sales were $4,463.0 million, up 2.3% from $4,361.9 million in the first quarter of 2024.
GAAP diluted EPS was $1.24, compared with $0.73; GAAP net income attributable to the company was $296.0 million.
Operating income was $404.5 million, up 61.6%, and Adjusted EBITDA was $533.2 million, a 12.0% margin.
The special dividend of $1.5 billion was payable at quarter end, and the net leverage ratio was 1.1x, versus a target of 2x to 3x.
Antero Resources reported first quarter 2025 results, with net income attributable to the company of $208 million, up from $23 million a year earlier, and diluted EPS of $0.66 versus $0.07. Revenue rose to $1.35 billion from $1.12 billion, and Adjusted EBITDAX reached $549 million. The company also cut net debt by $204 million to $1.29 billion and repurchased 2.7 million shares for about $92 million through April 30, 2025.
Net income attributable to Antero was $208 million in Q1 2025 versus $23 million in Q1 2024; diluted EPS was $0.66 versus $0.07.
Total revenue was $1.35 billion versus $1.12 billion; Adjusted EBITDAX was $549 million versus $262 million.
Free Cash Flow was $337 million; net debt fell by $204 million to $1.29 billion as of March 31, 2025.
From January 1 to April 30, 2025, the company bought 2.7 million shares for about $92 million, with about $1 billion of repurchase capacity remaining.
Antero Midstream reported first quarter 2025 results on April 30, 2025, with net income of $121 million, or $0.25 per diluted share, up from $0.21 a year earlier. Revenue was $291 million compared with $279 million a year earlier, and Adjusted EBITDA rose 3% to $274 million. Higher earnings and free cash flow after dividends of $79 million, which rose 7%, support the company's stated share repurchases and debt reduction.
Net income was $121 million, or $0.25 per diluted share, versus $0.21 in the prior-year quarter, a 19% per share increase
Revenue was $291 million, versus $279 million in the prior-year quarter
Adjusted EBITDA was $274 million, up 3%; free cash flow after dividends was $79 million, up 7%
The company repurchased 1.7 million shares for $29 million and had about $443 million remaining under its $500 million buyback program as of March 31, 2025
The Hanover Insurance Group reported first-quarter 2025 net income of $128.2 million, or $3.50 per diluted share, up from $115.5 million, or $3.18, a year earlier. Operating income rose to $141.8 million, or $3.87 per diluted share, and total revenues increased to $1,603.2 million from $1,551.1 million. The results cover a quarter with $95.6 million in catastrophe losses, and Core Commercial operating income fell sharply, which shareholders may watch in future quarters.
Net income of $128.2 million, or $3.50 per diluted share, versus $115.5 million, or $3.18, in Q1 2024
Operating income of $141.8 million, or $3.87 per diluted share, versus $111.9 million, or $3.08
Combined ratio of 94.1%, compared with 95.5% in the prior-year quarter; catastrophe losses of $95.6 million
Core Commercial operating income of $26.8 million, down from $71.5 million; repurchased $28.4 million of stock through April 29, 2025
United States Lime & Minerals reported first quarter 2025 revenues of $91.3 million, up 27.3% from a year earlier, with net income of $34.1 million, or $1.19 per diluted share, up 52.0%. The company also declared a regular quarterly cash dividend of $0.06 per share, payable June 13, 2025, to shareholders of record on May 23, 2025.
Revenues rose $19.6 million, or 27.3%, to $91.3 million, driven by higher lime and limestone sales volumes and higher average selling prices.
Net income was $34.1 million ($1.19 per diluted share), compared with $22.4 million ($0.78 per diluted share) in Q1 2024.
Gross profit increased $15.5 million, or 50.8%, to $46.2 million; SG&A expenses rose 29.2% to $6.3 million.
Quarterly cash dividend of $0.06 per share, up from $0.05 per share a year earlier, is payable June 13, 2025.
Morningstar reported first-quarter 2025 revenue of $581.9 million, up 7.2% from a year earlier, with operating income up 23.2% to $114.1 million and diluted net income per share of $1.82. Free cash flow fell 1.2% to $58.8 million, mainly because of higher bonus payments, and the company repurchased $109.6 million of its shares during the quarter. CEO Kunal Kapoor said the company is being more cautious because of recent market volatility and economic uncertainty.
Revenue rose 7.2% to $581.9 million; organic revenue grew 9.1%
Operating income rose 23.2% to $114.1 million; adjusted operating income rose 22.2% to $135.4 million
Diluted net income per share rose 22.1% to $1.82; adjusted diluted EPS rose 28.9% to $2.23
Free cash flow fell 1.2% to $58.8 million; share repurchases totaled $109.6 million
Service Corporation International reported first-quarter 2025 results on April 30, 2025, with revenue of $1.07 billion, up $28.8 million from a year earlier, and diluted EPS of $0.98 versus $0.89. Excluding special items, adjusted EPS was $0.96, up 8%. The company said its 2025 guidance has not changed, including adjusted diluted EPS of $3.70 to $4.00.
Revenue of $1,074.2 million versus $1,045.4 million in the first quarter of 2024
Diluted EPS of $0.98 versus $0.89; adjusted diluted EPS of $0.96 versus $0.89
Net cash from operating activities of $311.1 million; $316.0 million excluding special items, versus $220.1 million a year earlier
2025 guidance reaffirmed: adjusted diluted EPS of $3.70 to $4.00 and operating cash flow excluding special items of $830 million to $890 million
Globe Life Inc. reported first quarter 2025 net income of $3.01 per diluted share, up from $2.67 a year earlier, and net operating income of $3.07 per diluted share, up from $2.78. The company reaffirmed its 2025 net operating income guidance of $13.45 to $14.05 per diluted share, and repurchased 1.5 million shares for $177 million during the quarter.
Net income of $3.01 per diluted share vs. $2.67 a year earlier; net operating income of $3.07 vs. $2.78, up 10%
Total insurance premium revenue rose 5% to $1.20 billion for the quarter ended March 31, 2025
Repurchased 1.5 million shares at a total cost of $177 million during the quarter
2025 net operating income guidance of $13.45 to $14.05 per diluted share reaffirmed
Ventas reported first-quarter 2025 results, with net income attributable to common stockholders of $0.10 per diluted share, compared with a loss of $0.04 a year earlier, and normalized FFO of $0.84 per share, up 8%. The company also raised its 2025 senior housing investment volume guidance to $1.5 billion from $1 billion and expanded its unsecured revolving credit facility to $3.5 billion, with an option to increase it to $4.5 billion.
Total revenues were $1.36 billion for the quarter ended March 31, 2025, up from $1.20 billion a year earlier.
Normalized FFO per share was $0.84, compared with $0.78 in the first quarter of 2024; full-year 2025 normalized FFO guidance of $3.35 to $3.46 per share was reaffirmed.
The revolving commitments increased from $2.75 billion to $3.5 billion under an amendment dated April 29, 2025, with Bank of America, N.A. as administrative agent.
The company raised its 2025 senior housing investment volume guidance to $1.5 billion from $1 billion, with the added investments expected to be weighted to the second half.
MetLife reported first-quarter 2025 net income up 10% to $879 million, or $1.28 per share, and premiums, fees and other revenues up 14% to $13.6 billion. Adjusted earnings rose 1% to $1.3 billion, while net investment income fell 10% to $4.9 billion. The company also approved a new $3.0 billion share repurchase authorization and agreed in April to reinsure about $10 billion of U.S. retail variable annuity and rider reserves.
Adjusted earnings rose 1% to $1.3 billion; adjusted earnings per share rose 7% to $1.96.
Premiums, fees and other revenues rose 14% to $13.6 billion for the quarter ended March 31, 2025.
Board approved a new $3.0 billion share repurchase authorization; MetLife returned $1.8 billion to shareholders via buybacks and dividends in the quarter.
In April, MetLife agreed with a subsidiary of Talcott Financial Group to reinsure approximately $10 billion of U.S. retail variable annuity and rider reserves.
American Water Works reported first-quarter 2025 diluted earnings of $1.05 per share, up from $0.95 a year earlier, with net income of $205 million versus $185 million and operating revenues of $1,142 million versus $1,011 million. The company affirmed its 2025 EPS guidance of $5.65 to $5.75 and its long-term EPS and dividend growth target of 7-9%, and declared a quarterly dividend of $0.8275 per share, an 8.2% increase.
Q1 2025 diluted EPS was $1.05, compared with $0.95 in Q1 2024; net income attributable to common shareholders was $205 million versus $185 million.
Operating revenues rose to $1,142 million from $1,011 million, driven mainly by authorized rate increases; operating expenses and depreciation also increased.
2025 EPS guidance of $5.65 to $5.75 was affirmed, and the Board declared a $0.8275 quarterly dividend payable June 3, 2025.
Silgan Holdings reported record first-quarter 2025 net sales of $1.47 billion, up 11% from a year earlier, and GAAP net income of $68.0 million, or $0.63 per diluted share, versus $0.52 a year earlier. The company confirmed its full-year 2025 adjusted EPS estimate of $4.00 to $4.20 and its free cash flow estimate of approximately $450 million.
Q1 2025 net sales were a record $1.47 billion, up $149.7 million, or 11%, helped by the Weener acquisition and organic volume growth.
Q1 2025 adjusted diluted EPS rose 19% to a record $0.82, versus $0.69 in Q1 2024; GAAP diluted EPS was $0.63 versus $0.52.
For 2025, the company confirmed adjusted diluted EPS of $4.00 to $4.20 and expects Q2 adjusted diluted EPS of $0.98 to $1.08.
Four Corners Property Trust reported first-quarter 2025 results on April 30, 2025, with rental revenue up 8.4% to $63.5 million and net income attributable to common shareholders of $26.2 million, up from $24.0 million a year earlier. Net income and FFO per diluted share were flat year over year at $0.26 and $0.41, while AFFO per diluted share rose $0.01 to $0.44. The company also acquired 23 properties for $56.5 million during the quarter.
Total revenues were $71.5 million, up from $66.5 million in the first quarter of 2024.
Net income attributable to common shareholders was $26.2 million, or $0.26 per diluted share, compared with $24.0 million, or $0.26 per diluted share, a year earlier.
AFFO per diluted share was $0.44, up from $0.43; FFO per diluted share was flat at $0.41.
The company declared a dividend of $0.3550 per common share for the first quarter of 2025, up from $0.3450 a year earlier.
Rush Street Interactive reported first-quarter 2025 revenue of $262.4 million, up 21% from a year earlier, and net income of $11.2 million, compared with a net loss of $2.2 million in the first quarter of 2024. Adjusted EBITDA rose 95% to $33.2 million, and the company reiterated its full-year 2025 revenue and Adjusted EBITDA guidance, which shows profit improving while the outlook was held steady rather than raised.
Revenue was $262.4 million, up 21% from $217.4 million in Q1 2024.
Net income was $11.2 million, versus a net loss of $2.2 million a year earlier; diluted EPS was $0.05.
Adjusted EBITDA was $33.2 million, up 95% from $17.1 million.
Full-year 2025 guidance was reiterated: revenue of $1,010 million to $1,080 million and Adjusted EBITDA of $115 million to $135 million.
Enact Holdings reported first-quarter 2025 GAAP net income of $166 million, or $1.08 per diluted share, up from $161 million, or $1.01 per diluted share, a year earlier. The board also approved a share repurchase program of up to $350 million and raised the quarterly dividend 14% to $0.21 per share, which affects shareholder returns.
GAAP net income was $166 million, or $1.08 per diluted share, versus $161 million, or $1.01, in Q1 2024
Adjusted operating income was $169 million, or $1.10 per diluted share, versus $166 million, or $1.04, in Q1 2024
New insurance written was about $10 billion, down 26% from Q4 2024 and down 7% from Q1 2024
Board approved a repurchase program of up to $350 million; quarterly dividend raised from $0.185 to $0.21, payable June 11, 2025, to holders of record May 19, 2025
Deluxe reported first quarter 2025 results, with revenue up 0.3% to $536.5 million and net income of $14.0 million, compared with $10.8 million a year earlier. Comparable adjusted diluted EPS rose 4.2% to $0.75, and the company left its full-year 2025 outlook unchanged, which matters because profit measures improved while guidance held steady.
Revenue was $536.5 million, up 0.3% from $535.0 million; comparable adjusted revenue rose 1.4%.
Net income was $14.0 million versus $10.8 million; GAAP diluted EPS was $0.31 versus $0.24.
Comparable adjusted diluted EPS was $0.75, up 4.2% from $0.72; free cash flow was $24.3 million versus $6.2 million.
Full-year 2025 outlook was unchanged, including adjusted diluted EPS of $3.25 to $3.55; a $0.30 quarterly dividend is payable June 2, 2025.
UDR reported first-quarter 2025 results, with net income per diluted share of $0.23 versus $0.13 a year earlier and total revenue of $421.9 million, up 2.0% year over year. FFO per diluted share was $0.58, down from $0.60, while FFO as Adjusted per diluted share was flat at $0.61, and the company reaffirmed its full-year 2025 guidance ranges. The filing also says UDR will start a search for a new chief financial officer, which may matter to shareholders as a leadership change.
Net income per diluted share was $0.23 in Q1 2025 versus $0.13 in Q1 2024; FFO per diluted share was $0.58 versus $0.60.
Same-Store revenue grew 2.6% and NOI grew 2.8% year over year in Q1 2025; Same-Store physical occupancy was 97.2%.
Full-year 2025 FFO as Adjusted per diluted share guidance of $2.45 to $2.55 was reaffirmed; Q2 2025 FFO guidance is $0.61 to $0.63.
UDR will search for a new CFO; Joe Fisher will keep the roles of President and Chief Investment Officer once a CFO is hired.
Invitation Homes reported first-quarter 2025 results for the quarter ended March 31, 2025, with total revenues up 4.4% year over year to $674 million and net income available to common stockholders up 16.4% to $166 million, or $0.27 per diluted share. The company reiterated its full-year 2025 guidance, which it said is unchanged from the February 2025 initial guidance, including Core FFO per share of $1.88 to $1.94.
Total revenues rose 4.4% to $674 million; net income per diluted share was $0.27, versus $0.23 a year earlier.
Core FFO per share rose 3.5% to $0.48; AFFO per share rose 4.0% to $0.42.
Same Store Average Occupancy was 97.2%, down 60 basis points year over year; Same Store new lease rent growth was (0.1)%.
FY 2025 guidance was reiterated: Core FFO per share $1.88 to $1.94 and Same Store NOI growth of 1.00% to 3.00%.
Bloom Energy reported first-quarter 2025 revenue of $326.0 million, up 38.6% from a year earlier, and a GAAP net loss attributable to common stockholders of $23.8 million, or $0.10 per share, compared with a $57.5 million loss a year earlier. The company reaffirmed its full-year 2025 revenue guidance of $1.65 billion to $1.85 billion, while CFO Dan Berenbaum will leave effective May 1, 2025.
Revenue of $326.0 million vs. $235.3 million in Q1 2024; product and service revenue rose 26.5% to $265.4 million.
GAAP operating loss narrowed to $19.1 million from $49.0 million a year earlier.
2025 outlook reaffirmed: revenue of $1.65 billion to $1.85 billion and non-GAAP operating income of $135 million to $165 million.
Dan Berenbaum departs May 1, 2025; Maciej Kurzymski, Chief Accounting Officer, becomes Acting Principal Financial Officer while a search continues.
InvenTrust Properties reported first-quarter 2025 net income of $6.8 million, or $0.09 per diluted share, up from $2.9 million, or $0.04, a year earlier. Core FFO rose to $36.2 million, or $0.46 per diluted share, and the company reaffirmed its 2025 guidance, which includes Core FFO of $1.79 to $1.83 per diluted share.
Net income of $6.8 million, or $0.09 per diluted share, for the quarter ended March 31, 2025, versus $2.9 million, or $0.04, a year earlier
Core FFO of $36.2 million, or $0.46 per diluted share, versus $0.44 per diluted share in the first quarter of 2024
2025 guidance reaffirmed, including Net Income of $0.27 to $0.33 and Nareit FFO of $1.83 to $1.89 per diluted share
Leased occupancy of 97.3% as of March 31, 2025, and total liquidity of $577.4 million
New York Mortgage Trust, Inc. (Nasdaq: NYMT) reported first-quarter 2025 net income attributable to common stockholders of $30.3 million, or $0.33 per share, compared with a loss of $68.3 million, or $0.75 per share, in the first quarter of 2024. Management said increased investment activity drove the improvement and that recurring earnings reached a level consistent with the $0.20 quarterly common dividend. The filing names New York Mortgage Trust, not Adamas Trust as stated in the request, so this summary reflects the filed company.
Net income attributable to common stockholders was $30.3 million, or $0.33 per share, for the quarter ended March 31, 2025, versus a $68.3 million loss, or $0.75 per share, a year earlier.
Net interest income rose to $33.1 million from $17.9 million in the first quarter of 2024.
Book value per common share was $9.37 at March 31, 2025, up from $9.28 at December 31, 2024 but down from $10.21 at March 31, 2024.
In April 2025 the company repurchased 231,200 shares for about $1.5 million, at an average price of $6.50 per share.
Equinix reported first-quarter 2025 revenue of $2.225 billion, up 5% from a year earlier as reported, and net income attributable to common stockholders of $343 million, up 48%. The company raised its full-year 2025 guidance, with revenue now expected at $9.175 to $9.275 billion, and the filing attributes $135 million of the $142 million revenue increase to foreign currency benefits.
Q1 2025 revenue $2.225 billion (up 5% as reported); operating income $458 million (up 26%)
Net income per share $3.50 (up 44%); AFFO per share $9.67 (up 9%)
Adjusted EBITDA $1.067 billion, above the top end of guidance; full-year revenue guidance raised $142 million to $9.175-$9.275 billion
Full-year AFFO per share guidance raised $0.67 to $37.36-$38.17; Q2 2025 revenue guidance $2.244-$2.264 billion
Glaukos reported first quarter 2025 results on April 30, 2025, with net sales of $106.7 million, up 25% from $85.6 million a year earlier. The net loss narrowed to $18.1 million, or $0.32 per diluted share, from $40.8 million, or $0.82 per share, in the first quarter of 2024. The company reaffirmed its 2025 net sales guidance of $475 million to $485 million.
Q1 2025 net sales were $106.7 million, up 25% reported and 26% on a constant currency basis.
U.S. Glaucoma net sales were $59.1 million, up 41%, driven by iDose TR.
Net loss was $18.1 million, or $0.32 per diluted share, versus $40.8 million, or $0.82 per share, a year earlier.
The company ended the first quarter with about $303.4 million in cash, short-term investments and restricted cash, and no debt.
TTM Technologies reported first quarter 2025 net sales of $648.7 million, up 14% from $570.1 million a year earlier, and GAAP net income of $32.2 million, or $0.31 per diluted share, versus $10.5 million, or $0.10, in the prior-year quarter. The company also guided second quarter 2025 revenues to $650 million to $690 million and non-GAAP net income to $0.49 to $0.55 per diluted share, while operating cash flow was negative $10.7 million due to higher working capital.
Net sales of $648.7 million, up 14% from $570.1 million in Q1 2024
GAAP net income of $32.2 million, or $0.31 per diluted share, compared with $10.5 million, or $0.10, a year earlier
Non-GAAP EPS of $0.50 per diluted share; operating cash flow was negative $10.7 million
Q2 2025 guidance: revenues of $650 million to $690 million and non-GAAP EPS of $0.49 to $0.55
Waystar reported first-quarter 2025 revenue of $256.4 million, up 14% year-over-year, and net income of $29.3 million, compared with a net loss of $15.9 million a year earlier. The company also raised its full-year 2025 revenue and adjusted EBITDA guidance, which signals management's confidence in the rest of the year for shareholders.
Q1 2025 revenue of $256.4 million, up 14% from $224.8 million a year earlier
Net income of $29.3 million, or $0.16 per diluted share, versus a net loss of $15.9 million, or $0.13 per share, in Q1 2024
Full-year 2025 total revenue guidance set at $1.006 billion to $1.022 billion, and adjusted EBITDA guidance at $406 million to $414 million, both raised per the release
Adjusted EBITDA of $107.7 million, with an adjusted EBITDA margin of 42%
Robinhood reported first-quarter 2025 results for the period ended March 31, 2025, with total net revenues up 50% year-over-year to $927 million and net income up 114% to $336 million. The board also raised its share repurchase authorization by $500 million to $1.5 billion, and the company raised its 2025 Adjusted Operating Expenses and SBC outlook to $2.085 billion to $2.185 billion, including $85 million of TradePMR costs.
Diluted EPS rose 106% year-over-year to $0.37; net income was $336 million, up from $157 million a year earlier.
Share repurchase authorization increased by $500 million to $1.5 billion; about $833 million remains, per the filing.
2025 Adjusted Operating Expenses and SBC outlook raised to $2.085 billion to $2.185 billion from $2.0 billion to $2.1 billion, including $85 million for TradePMR.
Funded Customers reached 25.8 million and Robinhood Gold Subscribers reached a record 3.2 million at quarter end.
Advanced Energy reported first-quarter 2025 revenue of $404.6 million, up from $327.5 million a year earlier but down from $415.4 million in the fourth quarter of 2024. GAAP diluted EPS from continuing operations was $0.65, compared with $0.16 a year earlier, and non-GAAP EPS was $1.23. The company guided second-quarter revenue to $420 million plus or minus $20 million and non-GAAP EPS to $1.30 plus or minus $0.25.
Q1 2025 revenue was $404.6 million, versus $327.5 million in Q1 2024 and $415.4 million in Q4 2024.
GAAP diluted EPS from continuing operations was $0.65 (Q1 2024: $0.16; Q4 2024: $1.29); non-GAAP EPS was $1.23.
PC Connection reported first quarter 2025 net sales of $701.0 million, up 10.9% year over year, and net income of $13.5 million, or $0.51 per diluted share, versus $0.50 a year earlier. The board also declared a $0.15 quarterly dividend and approved a $50.0 million increase to the share repurchase program, bringing the total authorized to $170.0 million with about $50.5 million available.
Net sales $701.0 million, up 10.9%; gross margin fell 50 basis points to 18.2%
Diluted EPS $0.51 vs. $0.50; adjusted diluted EPS $0.60 vs. $0.50, excluding $2.9 million of severance expenses
Quarterly dividend of $0.15 per share, payable May 30, 2025, to holders of record on May 13, 2025
Repurchase authorization raised by $50.0 million to $170.0 million total; about $50.5 million available
MGIC Investment Corp reported first-quarter 2025 net income of $185.5 million, or $0.75 per diluted share, up from $174.1 million, or $0.64 per share, a year earlier. Quarterly new insurance written was $10.2 billion, below the $15.9 billion of the prior quarter, and the loss ratio rose to 3.9% from 1.9%. The company also approved a new $750 million share repurchase program that runs through December 31, 2027.
Net income was $185.5 million ($0.75 per diluted share) in Q1 2025, versus $174.1 million ($0.64) in Q1 2024.
Adjusted net operating income was $185.2 million ($0.75 per diluted share), versus $178.4 million ($0.65) a year earlier.
New insurance written was $10.2 billion, down from $15.9 billion in Q4 2024 and up from $9.1 billion in Q1 2024.
In April 2025 the board approved a share repurchase of up to $750 million, authorized through December 31, 2027.
Sprouts Farmers Market reported first-quarter 2025 results for the 13 weeks ended March 30, 2025, with net sales of $2.2 billion, up 19%, and diluted EPS of $1.81, up from $1.12. The company also issued full-year 2025 guidance of $4.94 to $5.10 in diluted EPS and $640 million to $660 million in EBIT, and it repurchased $219 million of its stock in the quarter.
Net sales $2.2 billion (up 19%); comparable store sales growth of 11.7%
Diluted EPS $1.81 vs. $1.12; net income $180.0 million vs. $114.1 million
Full-year 2025 outlook: diluted EPS $4.94 to $5.10, EBIT $640 million to $660 million, at least 35 new stores
Repurchased 1.6 million shares for $219 million; ended quarter with $286 million in cash and no balance on its $700 million revolving credit facility
Cognizant reported first-quarter 2025 revenue of $5.1 billion, up 7.5% year over year and above the high end of its guidance range, with GAAP diluted EPS of $1.34, up 22%. The company left its 2025 revenue and adjusted EPS guidance unchanged, and it plans to return about $1.7 billion to shareholders this year through buybacks and dividends. Q1 bookings fell 7%, though trailing-twelve-month bookings rose 3%.
Q1 2025 revenue was $5,115 million, up 7.5% year over year (8.2% in constant currency).
GAAP diluted EPS was $1.34, up from $1.10; adjusted diluted EPS was $1.23, up 10%, after excluding a $62 million gain on sale of an office complex in India.
Full-year 2025 revenue guidance of $20.5 billion to $21.0 billion and adjusted diluted EPS guidance of $4.98 to $5.14 are unchanged.
Q1 bookings declined 7% year over year; trailing-twelve-month bookings rose 3% to $26.7 billion.
MYR Group reported first-quarter 2025 results in a press release furnished with this 8-K. Revenue, net income, diluted earnings per share and EBITDA all rose from the first quarter of 2024, and backlog reached $2.64 billion.
Contract revenues were $833.6 million, up $18.0 million from the first quarter of 2024
Net income was $23.3 million, or $1.45 per diluted share, versus $18.9 million, or $1.12 per diluted share, a year earlier
EBITDA, a non-GAAP measure, was $50.2 million versus $39.8 million; gross margin was 11.6 percent versus 10.6 percent
Backlog was $2.64 billion at March 31, 2025, up from $2.58 billion at December 31, 2024; the company repurchased $75.0 million of common stock in the quarter
EMCOR reported first quarter 2025 revenue of $3.87 billion, up 12.7% from a year earlier, and GAAP diluted EPS of $5.26 versus $4.17. The company narrowed its 2025 non-GAAP diluted EPS guidance to $22.65-$24.00, raising the low end from $22.25, and reaffirmed its 2025 revenue guidance of $16.1 billion-$16.9 billion.
Q1 2025 revenue of $3.87 billion, up 12.7% from $3.43 billion in Q1 2024
GAAP diluted EPS of $5.26 versus $4.17; non-GAAP diluted EPS of $5.41 excluding $9.4 million of Miller Electric transaction costs
2025 non-GAAP diluted EPS guidance narrowed to $22.65-$24.00 from $22.25-$24.00 (issued February 26, 2025)
Penske Automotive Group reported first quarter 2025 results on April 30, 2025, with revenue up 2% to a first quarter record of $7.6 billion and earnings per share up 14% to $3.66 from $3.21. Adjusted earnings per share rose 6% to $3.39, excluding a $52.3 million gain on sale of a dealership and $25.2 million of impairments and other charges, and the company repurchased shares totaling $71.2 million from April 1 through April 25, 2025.
Revenue rose 2% to $7.6 billion; net income attributable to common stockholders rose 14% to $244.3 million
Adjusted earnings per share rose 6% to $3.39; adjusted net income was $226.3 million
Premier Truck Group earnings before taxes fell to $45.1 million from $50.5 million, which the company attributed to a soft freight environment
$45.8 million remained under the repurchase authority as of April 25, 2025
Standard Motor Products reported first-quarter 2025 results, with net sales of $413.4 million, up 24.7% from $331.4 million a year earlier, and GAAP diluted earnings from continuing operations of $0.61 per share, up from $0.44. The company kept its prior full-year guidance, which excludes tariff effects, and declared a 31-cent quarterly dividend. Shareholders get a higher profit base, but the company says tariff impact is still being assessed and net debt rose to $600.3 million.
Net sales were $413.4 million, up 24.7%; excluding the Nissens acquisition, sales rose 4.8%.
GAAP diluted EPS from continuing operations was $0.61 versus $0.44; non-GAAP diluted EPS was $0.81 versus $0.45.
Adjusted EBITDA rose to $42.8 million from $22.9 million, with the margin up 350 basis points to 10.4%.
Full-year guidance was maintained: mid-teens top-line growth and adjusted EBITDA margin of 10-11%, excluding tariffs. Total net debt at quarter-end was $600.3 million.
The Chefs' Warehouse reported first-quarter 2025 results for the thirteen weeks ended March 28, 2025, with net sales up 8.7% and GAAP net income of $10.3 million, or $0.25 per diluted share, versus $1.9 million, or $0.05, a year earlier. The company also issued fiscal 2025 guidance calling for net sales of $3.96 billion to $4.04 billion and adjusted EBITDA of $234 million to $246 million.
Net sales rose 8.7% to $950.7 million from $874.5 million a year earlier.
GAAP net income was $10.3 million, or $0.25 per diluted share, compared with $1.9 million, or $0.05, in the first quarter of 2024.
Adjusted EBITDA was $47.5 million, up from $40.2 million in the first quarter of 2024.
Fiscal 2025 guidance: net sales of $3.96 billion to $4.04 billion; gross profit of $954 million to $976 million; adjusted EBITDA of $234 million to $246 million.
NorthWestern Energy reported first-quarter 2025 net income of $76.9 million, or $1.25 per diluted share, up from $65.1 million, or $1.06, a year earlier, while total revenues fell to $466.6 million from $475.3 million. The company affirmed its 4% to 6% long-term EPS growth guidance and its $2.7 billion 2025-2029 capital plan, and declared a $0.66 quarterly dividend.
Net income $76.9 million vs. $65.1 million in Q1 2024; diluted GAAP EPS $1.25 vs. $1.06
Adjusted non-GAAP diluted EPS $1.22 vs. $1.09 a year earlier
Total revenues $466.6 million vs. $475.3 million; operating income $124.7 million vs. $102.1 million
Quarterly dividend of $0.66 per share payable June 30, 2025; Montana rate review hearing scheduled to begin June 9, 2025
PSEG reported first-quarter 2025 net income of $589 million, or $1.18 per share, up from $532 million, or $1.06 per share, a year earlier. Non-GAAP operating earnings rose to $718 million, or $1.43 per share, from $657 million, or $1.31 per share, and the company maintained its 2025 non-GAAP operating earnings guidance of $3.94 to $4.06 per share.
Net income was $589 million, or $1.18 per share, versus $532 million, or $1.06 per share, in Q1 2024.
Non-GAAP operating earnings were $718 million, or $1.43 per share, versus $657 million, or $1.31 per share, a year earlier.
2025 non-GAAP operating earnings guidance was maintained at $3.94 to $4.06 per share.
A first-quarter common dividend of $0.63 per share was declared, an indicative annual rate of $2.52 per share and a 5% increase for 2025.
PPL Corporation reported first-quarter 2025 reported (GAAP) net income of $414 million, or $0.56 per share, up from $307 million, or $0.42 per share, a year earlier. Earnings from ongoing operations (non-GAAP) were $0.60 per share versus $0.54, and the company reaffirmed its 2025 ongoing earnings forecast of $1.75 to $1.87 per share, with a midpoint of $1.81. For shareholders, profit rose and guidance was unchanged rather than raised or cut.
Reported net income was $414 million, or $0.56 per share, versus $307 million, or $0.42 per share, in Q1 2024.
Earnings from ongoing operations were $444 million, or $0.60 per share, versus $402 million, or $0.54 per share.
Operating revenues were $2,504 million versus $2,304 million a year earlier.
PPL reaffirmed its 2025 ongoing EPS forecast range of $1.75 to $1.87 and 6% to 8% annual EPS and dividend growth through at least 2028.
Western Digital reported fiscal third-quarter 2025 revenue of $2.29 billion, down 5% from the prior quarter but up 31% from a year earlier, with GAAP earnings per share of $2.11 and non-GAAP EPS of $1.36. The company guided fiscal fourth-quarter revenue to $2.45 billion plus or minus $150 million and non-GAAP EPS to $1.45 plus or minus $0.20, both above third-quarter levels, and its board adopted a quarterly cash dividend program of $0.10 per share.
Q3 revenue was $2.29 billion, down 5% sequentially and up 31% year over year; Cloud revenue was $2.0 billion.
GAAP EPS was $2.11 versus $1.27 in the prior quarter; non-GAAP EPS was $1.36 versus $1.18.
Q4 guidance: revenue of $2.45 billion plus or minus $150 million and non-GAAP EPS of $1.45 plus or minus $0.20.
Board declared a $0.10 per share cash dividend, payable June 18, 2025 to holders of record as of June 4, 2025.
Vita Coco reported first-quarter 2025 net sales up 17% to $131 million and net income of $19 million, up from $14 million a year earlier, with diluted EPS of $0.31 versus $0.24. Gross margin fell to 37% from 42%, and the company reaffirmed its full-year 2025 outlook, including net sales of $555 million to $570 million.
Net sales rose 17% to $131 million from $112 million; Vita Coco Coconut Water net sales grew 25%.
Gross margin declined to 37% from 42%, which the company attributed to higher ocean freight rates and finished goods costs.
Full-year 2025 outlook reaffirmed: net sales of $555 million to $570 million and adjusted EBITDA of $86 million to $92 million.
On April 28, 2025, the board raised the share repurchase authorization by $25.0 million to $65.0 million; about $42.1 million remained as of April 29, 2025.
Vulcan Materials reported first-quarter 2025 results with revenue of $1.63 billion, up from $1.55 billion a year earlier, and net earnings attributable to Vulcan of $129 million, up from $103 million. The company reiterated its full-year 2025 Adjusted EBITDA outlook of $2.35 billion to $2.55 billion rather than changing it, which gives shareholders a clear view of the year's expected earnings range.
Diluted EPS from continuing operations was $0.98, up from $0.78; adjusted diluted EPS was $1.00, up from $0.80.
Adjusted EBITDA was $411 million, up 27%, and Adjusted EBITDA margin was 25.1%, up from 20.9%.
Aggregates cash gross profit per ton rose 20% to $10.63, while aggregates shipments fell 1% to 47.8 million tons.
The full-year 2025 Adjusted EBITDA outlook of $2.35 billion to $2.55 billion was reiterated; management cited uncertainty from trade policy and interest rates.
Extreme Networks reported fiscal third-quarter 2025 results for the quarter ended March 31, 2025, with revenue of $284.5 million, up 34.8% from a year earlier and up 1.8% from the prior quarter. GAAP net income was $3.5 million, or $0.03 per diluted share, compared with a loss of $0.50 per share a year earlier, though the GAAP operating margin of 3.6% was below 4.5% in the prior quarter. The company guided fourth-quarter fiscal 2025 revenue to $295.0 million to $305.0 million, and its CFO said this supports year-over-year revenue growth for the full fiscal year.
Q3 revenue $284.5 million, up 34.8% year over year from $211.0 million and up 1.8% from the prior quarter.
GAAP diluted EPS $0.03 versus a loss of $0.50 a year earlier; non-GAAP diluted EPS $0.21 versus a loss of $0.19.
Q4 fiscal 2025 guidance: total net revenue $295.0 million to $305.0 million; GAAP EPS $0.02 to $0.07.
Free cash flow was $24.2 million in the quarter, and the company repurchased $13 million of shares.
Garmin reported record first-quarter 2025 revenue of $1.54 billion, up 11% from a year earlier, with GAAP diluted EPS of $1.72 (up 20%) and pro forma diluted EPS of $1.61 (up 13%). The company updated its full-year 2025 revenue expectation to approximately $6.85 billion and maintained its pro forma EPS guidance of $7.80, citing the global trade environment.
Q1 2025 net sales of $1,535,099 thousand, up 11%; operating income of $333 million, up 12%
GAAP diluted EPS of $1.72 versus $1.43; pro forma diluted EPS of $1.61 versus $1.42
Full-year 2025 revenue expectation updated to approximately $6.85 billion; pro forma EPS of $7.80 maintained
Gross margin 57.6% versus 58.1% a year earlier; operating margin 21.7% versus 21.6%
Urban Edge Properties reported first-quarter 2025 results, with FFO as Adjusted of $45.9 million, up from $40.8 million a year earlier, and net income attributable to common shareholders of $8.2 million, up from $2.6 million. The company raised its 2025 net income per diluted share guidance to $0.40 to $0.45 from $0.32 to $0.37, while reiterating its FFO and FFO as Adjusted guidance.
FFO as Adjusted was $45.9 million, or $0.35 per diluted share, versus $40.8 million, or $0.33, in Q1 2024
Net income attributable to common shareholders was $8.2 million, or $0.07 per diluted share, versus $2.6 million, or $0.02, a year earlier
2025 net income per diluted share guidance raised to $0.40 to $0.45 from $0.32 to $0.37, including expected gains on dispositions
2025 FFO per diluted share guidance reiterated at $1.36 to $1.41; FFO as Adjusted at $1.37 to $1.42
DT Midstream reported first-quarter 2025 net income of $108 million, or $1.06 per diluted share, up from $97 million, or $0.99 per share, a year earlier. Adjusted EBITDA rose to $280 million from $245 million, and the company reaffirmed its 2025 Adjusted EBITDA guidance of $1,095 million to $1,155 million. The board also declared a quarterly dividend of $0.82 per share, payable July 15, 2025.
Net income of $108 million, or $1.06 per diluted share, versus $97 million, or $0.99 per share, in Q1 2024
Adjusted EBITDA of $280 million, versus $245 million in Q1 2024
2025 Adjusted EBITDA guidance reaffirmed at $1,095 million to $1,155 million
Quarterly dividend of $0.82 per share; record date June 16, 2025; payable July 15, 2025
Evercore reported first-quarter 2025 U.S. GAAP net revenues of $694.8 million, up 20% from a year earlier, and diluted earnings per share of $3.48 versus $2.09. The company also raised its quarterly dividend 5% to $0.84 per share, payable June 13, 2025. GAAP results include a $74.3 million tax benefit tied to the deduction for share-based award appreciation, which the company says affects quarterly comparisons.
U.S. GAAP net income attributable to Evercore was $146.2 million, versus $85.7 million in Q1 2024.
Advisory Fees rose $127.5 million, or 30%, while Other Revenue, net fell $21.4 million, or 75%.
Quarterly dividend increased to $0.84 per share, with a record date of May 30, 2025.
Board approved a repurchase authorization of up to the lesser of $1.6 billion or 8.0 million shares in April.
United Therapeutics reported first quarter 2025 results for the quarter ended March 31, 2025, with total revenues up 17% year over year to $794.4 million. Net income rose 5% to $322.2 million, and diluted earnings per share rose 7% to $6.63, though research and development expense grew 43% to $149.0 million.
Total Tyvaso revenues rose 25% to $466.3 million, led by Tyvaso DPI at $302.5 million, up 33%.
Net income was $322.2 million versus $306.6 million a year earlier; diluted EPS was $6.63 versus $6.17.
Research and development expense rose to $149.0 million from $104.1 million, including a $30.0 million increase in milestone payments for drug delivery device technologies.
The filing contains no revenue or earnings guidance; the company said it would host a webcast on April 30, 2025 at 9:00 a.m. Eastern Time.
Parsons reported first-quarter 2025 results, with revenue up 1% to $1.6 billion and GAAP diluted EPS of $0.60, compared with $0.37 a year earlier. The company reiterated its fiscal 2025 guidance ranges for revenue, adjusted EBITDA and operating cash flow. Organic revenue fell 2% and operating cash flow was negative $12 million, so the profit gains are the main positive for shareholders.
Revenue of $1.6 billion rose $19 million, or 1%, year over year, and fell 2% on an organic basis.
Net income attributable to Parsons was $66 million, up from $40 million; diluted EPS was $0.60 versus $0.37.
Adjusted EBITDA was $149 million, up 5%; adjusted EPS was $0.78 versus $0.70.
Fiscal 2025 guidance reiterated: revenue of $7.0 billion to $7.5 billion and adjusted EBITDA of $640 million to $710 million.
Trane Technologies reported first-quarter 2025 revenue of $4.7 billion, up 11% from a year earlier, with GAAP continuing EPS of $2.71 and adjusted continuing EPS of $2.45, up 26%. The company reaffirmed its full-year 2025 guidance and said it expects to perform toward the high end of its revenue and EPS ranges, which matters to shareholders because it signals confidence in the year despite a dynamic macro environment. GAAP results include a $61.2 million non-cash contingent consideration adjustment that is excluded from adjusted figures.
Enterprise bookings of $5.3 billion, a book-to-bill of 113%, and enterprise backlog of $7.3 billion, up about $500 million from year-end 2024
GAAP operating margin rose to 17.5% from 15.0%; adjusted operating margin rose to 16.2% from 15.2%
EMEA GAAP operating margin fell 260 basis points to 14.5%, while Americas revenue rose 14%
Full-year 2025 adjusted continuing EPS guidance of $12.70 to $12.90 was reaffirmed; GAAP guidance is $12.95 to $13.15
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