1,080 material Form 8-K filings that 839 companies we cover made with the SEC in May 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).
MasTec reported first-quarter 2025 results, with revenue up 6% to $2.8 billion and diluted EPS of $0.13, compared with a loss of $0.53 a year earlier. The company raised its full-year 2025 guidance, with adjusted diluted EPS guidance increased about 9% from the prior midpoint, and its board authorized an additional $250 million share repurchase program.
Q1 2025 revenue of $2.8 billion rose 6%, while Pipeline Infrastructure revenue fell 43.8%
Diluted EPS was $0.13 versus a loss of $0.53 a year earlier; adjusted diluted EPS was $0.51 versus a loss of $0.17
Full-year 2025 adjusted diluted EPS guidance is $5.90 to $6.25, and adjusted EBITDA guidance is $1.12 billion to $1.16 billion
Board authorized an additional $250 million share repurchase program
AptarGroup reported first-quarter 2025 net sales of $887.3 million, down 3% from the prior year, and diluted EPS of $1.17 versus $1.23, while core sales were flat. The company guided second-quarter 2025 adjusted EPS to $1.56 to $1.64, compared with $1.37 in the prior-year quarter, which points to higher expected earnings for shareholders.
Reported net sales $887.3 million, down from $915.4 million; core sales flat
Diluted EPS $1.17 vs. $1.23; adjusted EPS $1.20 vs. $1.22, with a 26% effective tax rate vs. 20%
Q2 2025 adjusted EPS guidance of $1.56 to $1.64 vs. $1.37 in the prior-year quarter
Repurchased 548 thousand shares for $80 million; quarterly dividend of $0.45 per share payable May 22, 2025
AES reported first quarter 2025 results with a net loss of $73 million, compared with net income of $278 million a year earlier, and net income attributable to AES of $46 million versus $432 million. The company reaffirmed its 2025 Adjusted EBITDA guidance of $2,650 to $2,850 million and Adjusted EPS guidance of $2.10 to $2.26, which the company said was not cut, but the decline in earnings reflects lower prior-year Warrior Run PPA revenue, one-time restructuring costs and a 2024 Uplight dilution gain.
Q1 2025 diluted EPS was $0.07, down from $0.60 in Q1 2024; Adjusted EPS was $0.27, down from $0.50.
Total revenue was $2,926 million, down from $3,085 million; Adjusted EBITDA was $591 million, down from $640 million.
2025 guidance reaffirmed: Adjusted EBITDA of $2,650 to $2,850 million and Adjusted EPS of $2.10 to $2.26.
The company completed a $450 million sale of a minority stake in its captive insurer AGIC, meeting its 2025 asset sale proceeds target of $400 to $500 million.
Hecla Mining reported record first-quarter 2025 sales of $261.3 million, up 5% from the fourth quarter of 2024, and net income applicable to common stockholders of $28.7 million, or $0.05 per share, compared with $11.8 million in the prior quarter. Free cash flow was negative $18.4 million, and the company revised 2025 cost guidance at two mines in opposite directions, which shareholders may want to track.
Sales of $261.3 million; net income applicable to common stockholders of $28.7 million, or $0.05 per share, versus $11.8 million in the fourth quarter of 2024
Free cash flow was negative $18.4 million, compared with positive $6.7 million in the prior quarter; cash provided by operating activities was $35.7 million
Lucky Friday 2025 cost of sales guidance raised to $165 million from $135 million; Greens Creek 2025 cash cost guidance lowered to $0.25-$0.75 per silver ounce from $2.00-$2.50
Board-declared common dividend of $0.00375 per share, with a record date of May 23, 2025, payable on or about June 10, 2025
American Homes 4 Rent (AMH) reported first quarter 2025 results, with rents and other single-family property revenues up 8.4% year over year to $459.3 million and Core FFO per share up 6.6% to $0.46. Net income attributable to common shareholders was $110.0 million, or $0.30 per diluted share, roughly flat with $0.30 a year earlier, as higher rents were largely offset by lower net gains on property sales. The company left its full-year 2025 Core FFO guidance of $1.80 to $1.86 per share unchanged.
Rents and other single-family property revenues rose 8.4% to $459.3 million, versus $423.6 million in Q1 2024.
Net income attributable to common shareholders was $110.0 million, or $0.30 per diluted share, versus $109.3 million, or $0.30, a year earlier.
Core FFO attributable to common share and unit holders rose 6.6% to $0.46 per share, from $0.43 in Q1 2024.
Full-year 2025 Core FFO guidance of $1.80 to $1.86 per share was unchanged.
Centerspace reported first-quarter 2025 results on May 1, 2025, with revenue up 4.0% to $67.1 million and a narrower net loss of $0.22 per diluted share versus $0.37 a year earlier. Core FFO per diluted share fell 1.6% to $1.21, which the company attributed to higher same-store property taxes, and it reaffirmed its 2025 Core FFO guidance of $4.86 to $5.10 per share.
Revenue rose $2.6 million, or 4.0%, to $67.1 million from $64.5 million in Q1 2024
Net loss was $0.22 per diluted share, compared with $0.37 in Q1 2024
Core FFO per diluted share was $1.21 versus $1.23, down 1.6%, due to a $0.06 per share increase in same-store property taxes
2025 guidance was reaffirmed, including Core FFO of $4.86 to $5.10 per diluted share and same-store NOI growth of 1.25% to 3.25%
Consolidated Edison reported first-quarter 2025 net income for common stock of $791 million, or $2.26 a share, up from $720 million, or $2.08 a share, a year earlier. The company reaffirmed its 2025 adjusted earnings per share forecast of $5.50 to $5.70.
Q1 2025 net income for common stock was $791 million, or $2.26 a share, compared with $720 million, or $2.08 a share, in Q1 2024.
Adjusted earnings per share (non-GAAP) were $2.26 in Q1 2025, compared with $2.15 in Q1 2024.
The company reaffirmed its 2025 adjusted EPS forecast of $5.50 to $5.70 a share.
The company issued over $1.3 billion in new common equity in the quarter, which CFO Kirk Andrews said satisfies its anticipated 2025 equity needs.
Pebblebrook Hotel Trust reported a first-quarter 2025 net loss of $32.2 million, compared with a $27.5 million loss a year earlier. Same-Property Hotel EBITDA fell 8.6% to $62.3 million, and Adjusted FFO per diluted share dropped to $0.16 from $0.21, while the company cut the midpoint of its full-year outlook citing rising macroeconomic uncertainty.
Q1 2025 net loss of $32.2 million vs. $27.5 million in Q1 2024; total revenues rose to $320.3 million from $314.1 million
Same-Property Hotel EBITDA of $62.3 million vs. $68.1 million a year earlier; Adjusted FFO per diluted share of $0.16 vs. $0.21
Full-year 2025 Adjusted EBITDA re outlook of $327.5 million to $348.5 million, with the midpoint revised down $10.5 million
Full-year 2025 Adjusted FFO per diluted share outlook of $1.42 to $1.59, with the midpoint revised down $0.06
Ameren reported first quarter 2025 net income attributable to common shareholders of $289 million, or $1.07 per diluted share, up from $261 million, or $0.98 per diluted share, a year earlier. The company reaffirmed its 2025 diluted EPS guidance range of $4.85 to $5.05 and said it remains on track, which gives shareholders higher quarterly earnings and an unchanged full-year outlook.
Net income attributable to common shareholders was $289 million, or $1.07 per diluted share, versus $261 million, or $0.98, in Q1 2024.
Adjusted diluted EPS was $1.07 versus $1.02 in Q1 2024; the prior-year figure excluded an $11 million net charge tied to Rush Island.
2025 diluted EPS guidance of $4.85 to $5.05 was reaffirmed and assumes normal temperatures for the last nine months of the year.
Ameren Missouri earned $42 million versus $25 million GAAP in Q1 2024; Ameren Parent posted a $13 million loss versus $2 million of earnings a year earlier.
Casella Waste Systems reported first-quarter 2025 results on May 1, 2025. Revenue rose 22.3% to $417.1 million and Adjusted EBITDA rose 21.7% to $86.4 million, but the GAAP net loss widened to $4.8 million from $4.1 million. The company reaffirmed its full-year 2025 guidance, which includes acquisitions announced to date.
Revenue of $417.1 million, up $76.1 million from $341.0 million a year earlier; acquisitions added $57.1 million of the increase.
Net loss of $4.8 million, or $0.08 per diluted share, versus $4.1 million, or $0.07 per share, in the first quarter of 2024.
Adjusted EBITDA of $86.4 million, up 21.7%; Adjusted Diluted Earnings Per Common Share of $0.19 versus $0.15.
Fiscal 2025 guidance reaffirmed: revenue of $1.775 billion to $1.805 billion and net income of $10 million to $25 million.
Quaker Houghton reported first-quarter 2025 net sales of $442.9 million, down about 6% from $469.8 million a year earlier, and net income of $12.9 million, or $0.73 per diluted share, versus $35.2 million, or $1.95, in the prior-year quarter. Management said it expects revenue and earnings in 2025 to be in line with 2024, citing ongoing weak end-market demand and tariff uncertainty.
Net sales were $442.9 million, down about 6% from $469.8 million, with sales volumes down 3%.
Net income was $12.9 million, or $0.73 per diluted share, versus $35.2 million, or $1.95; non-GAAP earnings per diluted share were $1.58 versus $2.09.
Adjusted EBITDA was $69.0 million, down 17% from $83.3 million, and net cash used by operating activities was $3.1 million versus $27.2 million provided a year earlier.
The company acquired Dipsol Chemicals for about $155.2 million in April 2025, funded with borrowings under its existing credit facility.
Camden Property Trust reported first-quarter 2025 results on May 1, 2025. Core FFO per diluted share rose to $1.72 from $1.70, while EPS fell to $0.36 from $0.77, a decline the filing ties in part to a $43.8 million gain on a property sale in the prior-year quarter. The company raised the midpoint of its 2025 Core FFO guidance to $6.78 per share from $6.75.
Q1 2025 Core FFO was $1.72 per diluted share versus $1.70 a year earlier; FFO was $1.70 versus $1.67.
Q1 2025 EPS was $0.36 versus $0.77; Q1 2024 included a $43.8 million gain on sale of an operating property.
2025 Core FFO guidance midpoint raised to $6.78 from $6.75; EPS guidance midpoint raised to $1.16 from $1.15.
Same property revenues rose 0.8% year over year and occupancy was 95.4% versus 95.0%.
Arthur J. Gallagher & Co. reported first-quarter 2025 results, with total revenues of $3.69 billion, up from $3.22 billion a year earlier, and net earnings of $709 million, up from $613 million. Reported diluted earnings per share were $2.72, slightly below $2.74 a year earlier, while adjusted diluted EPS rose to $3.67 from $3.45. The company also filed supplemental materials and CFO commentary that include estimates for 2025, which are not reproduced in the filing text.
Total reported revenues were $3,688.4 million for Q1 2025 versus $3,218.1 million for Q1 2024.
Net earnings were $708.9 million versus $612.7 million; reported diluted EPS was $2.72 versus $2.74.
Adjusted diluted EPS was $3.67 versus $3.45; the AssuredPartners acquisition is expected to close in the second half of 2025.
Mohawk Industries reported first quarter 2025 net earnings of $73 million, or $1.15 per diluted share, down from $105 million, or $1.64 per share, a year earlier. Net sales fell 5.7% as reported to $2.5 billion, and the company said conditions weakened sequentially and tariffs add uncertainty. The company also guided second quarter adjusted EPS to between $2.52 and $2.62.
Q1 2025 net earnings were $73 million and diluted EPS was $1.15, versus $105 million and $1.64 in Q1 2024
Q1 2025 net sales were $2.5 billion, down 5.7% as reported and down 0.7% adjusted for constant days and exchange rates
Second quarter 2025 adjusted EPS is expected to be between $2.52 and $2.62
At current 10% tariff rates, Mohawk estimates an annualized cost of approximately $50 million
Employers Holdings reported first-quarter 2025 net income of $12.8 million, down 55% from a year earlier, as net realized and unrealized investment losses of $12.8 million weighed on results. Adjusted net income rose 24% to $21.3 million, and the board raised the quarterly dividend 7% to $0.32 per share and authorized a new buyback of up to $125.0 million through December 31, 2026.
GAAP net income was $12.8 million, or $0.52 per diluted share, versus $28.3 million, or $1.11, in Q1 2024; adjusted EPS rose to $0.87 from $0.67.
Net premiums earned were $183.0 million, down 1%; the GAAP combined ratio was 102.0% versus 101.6%.
Quarterly dividend increased to $0.32 from $0.30, payable May 28, 2025 to holders of record on May 14, 2025.
New repurchase program authorizes up to $125.0 million of common stock purchases from May 6, 2025 through December 31, 2026, replacing a program whose authorization was exhausted.
Eversource reported first-quarter 2025 earnings of $550.8 million, or $1.50 per share, up from $521.8 million, or $1.49 per share, a year earlier, and reaffirmed its 2025 EPS projection of $4.67 to $4.82. Shareholders also approved an amendment to the company's Declaration of Trust that removes supermajority voting requirements, while a shareholder proposal for an independent board chairman was not approved.
Q1 2025 earnings $550.8 million ($1.50 per share) vs. $521.8 million ($1.49 per share) in Q1 2024
Full-year 2025 EPS projection of $4.67 to $4.82 reaffirmed; long-term EPS growth of 5% to 7% through 2029 reaffirmed
Quarterly dividend of $0.7525 per share declared, payable June 30, 2025, to holders of record May 15, 2025
Shareholders approved the Declaration of Trust amendment; the independent board chairman proposal failed with 153,366,219 votes against
Reinsurance Group of America (RGA) reported first-quarter 2025 net income available to shareholders of $286 million, or $4.27 per diluted share, up from $210 million, or $3.16, a year earlier. Adjusted operating income fell to $378 million, or $5.66 per diluted share, from $401 million, or $6.02, and net premiums fell 25% to $4.0 billion, mainly due to a much smaller pension risk transfer contribution than in the prior-year quarter.
Net income available to RGA shareholders was $286 million ($4.27 per diluted share) versus $210 million ($3.16) a year earlier.
Adjusted operating income was $378 million ($5.66 per diluted share) versus $401 million ($6.02).
Net premiums were $4,019 million versus $5,376 million, a 25% decrease; the company said they rose 13% after adjusting for the pension risk transfer and currency effects.
The board declared a regular quarterly dividend of $0.89, payable May 27, 2025, to shareholders of record as of May 13, 2025.
VIAVI reported preliminary third-quarter fiscal 2025 results for the period ended March 29, 2025, with net revenue up 15.8% year over year and GAAP net income of $19.5 million, compared with a net loss a year earlier. The company also expects fourth-quarter net revenue of $278 million to $290 million and non-GAAP EPS of $0.10 to $0.13, below the $0.15 non-GAAP EPS it reported for the third quarter.
Net revenue was $284.8 million, up from $246.0 million a year earlier; GAAP diluted EPS was $0.09 versus a loss of $0.11 per share.
Non-GAAP diluted EPS was $0.15 for the quarter, up from $0.06 a year earlier.
Fourth-quarter fiscal 2025 outlook (quarter ending June 28, 2025): net revenue of $278 million to $290 million and non-GAAP EPS of $0.10 to $0.13.
The company reported $7.8 million of operating cash flow for the quarter and $400.2 million in total cash, short-term investments and restricted cash as of March 29, 2025. The results are preliminary because the Form 10-Q has not yet been f
Healthcare Realty reported a first-quarter 2025 net loss attributable to common stockholders of $44.9 million, or $0.13 per diluted share, compared with a $106.8 million loss ($0.31 per share) in the fourth quarter of 2024. The company reaffirmed its 2025 guidance, including normalized FFO of $1.56 to $1.60 per share, and said Peter A. Scott becomes President and CEO on April 15, 2025.
Q1 2025 net loss attributable to common stockholders was $44.9 million, or $0.13 per diluted share, versus a $310.8 million loss ($0.82 per share) in Q1 2024
Normalized FFO was $0.39 per share in Q1 2025, versus $0.40 in Q4 2024 and $0.39 in Q1 2024
Peter A. Scott appointed President and CEO effective April 15, 2025; Connie Moore served as interim CEO from November 2024 until April 14, 2025
Quarterly dividend of $0.31 per share payable May 23, 2025, to holders of record on May 12, 2025
Apple Hospitality REIT reported first quarter 2025 net income of $31.2 million, down 42.2% from $54.1 million a year earlier, and Comparable Hotels RevPAR fell 0.5%. The company lowered its 2025 outlook, reducing net income guidance by $6.5 million and Adjusted EBITDAre guidance by $14 million at the midpoint, citing a slight pullback in future bookings and greater macroeconomic uncertainty.
Net income was $31.2 million, or $0.13 per share, versus $54.1 million, or $0.22 per share, in Q1 2024.
Comparable Hotels RevPAR declined 0.5%; preliminary April 2025 Comparable Hotels RevPAR fell about 3.5% from April 2024.
Updated 2025 net income guidance is $167 million to $195 million, a $6.5 million reduction at the midpoint of prior guidance.
The company repurchased about 1.9 million shares for $26.3 million in Q1 2025 and about 0.5 million more in April 2025.
Dolby Laboratories reported fiscal second-quarter 2025 revenue of $370 million, up from $365 million a year earlier, but GAAP diluted earnings per share fell to $0.94 from $1.01. The company also declared a $0.33 per share quarterly dividend and gave third-quarter and full-year fiscal 2025 estimates, which show a GAAP diluted EPS range of $0.26 to $0.41 for the quarter and $2.31 to $2.46 for the year.
Total revenue was $370 million versus $365 million in the prior-year quarter.
GAAP diluted EPS was $0.94 versus $1.01; non-GAAP diluted EPS was $1.34 versus $1.27.
Cash dividend of $0.33 per share, payable May 21, 2025, to holders of record on May 13, 2025.
Fiscal 2025 full-year GAAP diluted EPS is estimated at $2.31 to $2.46; third-quarter GAAP diluted EPS at $0.26 to $0.41.
Allison Transmission reported first-quarter 2025 net sales of $766 million, down 3% from $789 million a year earlier, while net income rose 14% to $192 million and diluted EPS rose 17% to $2.23. The company reaffirmed its full-year 2025 guidance, including net sales of $3.2 billion to $3.3 billion and net income of $735 million to $785 million, and said it repurchased over $150 million of its stock during the quarter.
Net sales were $766 million, down $23 million from $789 million; Global Off-Highway fell $28 million, while North America On-Highway rose $15 million.
Net income was $192 million, up $23 million from $169 million, and diluted EPS was $2.23 versus $1.90, with the gain driven mainly by higher gross profit and unrealized mark-to-market adjustments on marketable securities.
Full-year 2025 guidance was reaffirmed: net sales of $3.2 billion to $3.3 billion and adjusted EBITDA of $1.17 billion to $1.23 billion.
The stock repurchase authorization was increased by $1 billion, leaving nearly $1.4 billion available at the end of the first quarter.
Live Nation reported first-quarter 2025 revenue of $3.38 billion, down 11% from $3.80 billion a year earlier, while operating income swung to $115 million from a loss of $41 million. Adjusted operating income fell 6% to $341 million, and the company said it expects double-digit growth in operating income and adjusted operating income for 2025. Shareholders see a mixed picture: the top line and the company's key profit measure declined, but operating income and the per-share loss improved.
Revenue of $3.38 billion for the quarter ended March 31, 2025, compared with $3.80 billion a year earlier
Operating income of $115 million, compared with a loss of $41 million; adjusted operating income of $341 million, compared with $362.5 million
Basic and diluted net loss per share of $0.32, compared with $0.56 a year earlier
Concerts event-related deferred revenue of $5.4 billion, up 24% from a year earlier; the company expects double-digit growth in operating income and adjusted operating income in 2025
Floor & Decor reported first quarter fiscal 2025 results for the period ended March 27, 2025. Net sales rose 5.8% to $1,160.7 million, but comparable store sales fell 1.8%, and diluted EPS fell 2.2% to $0.45 as income tax expense rose. The company also cut its planned fiscal 2025 new store openings to 20 from 25 and gave an updated outlook that includes diluted EPS of approximately $1.70 to $2.00.
Net sales of $1,160.7 million, up 5.8% from $1,097.3 million a year earlier; comparable store sales down 1.8%
Diluted EPS of $0.45 versus $0.46; net income of $48.9 million, down 2.3%
Operating income of $64.2 million, up 8.3%; adjusted EBITDA of $129.8 million, up 5.5%
Fiscal 2025 outlook: diluted EPS of approximately $1.70 to $2.00; new store openings cut to 20 from 25
GoDaddy reported first-quarter 2025 revenue of $1.194 billion, up 7.7% year over year, and operating income of $247.3 million, up 40.6%. Net income fell to $219.5 million from $401.5 million because the prior-year period included a $267.4 million non-cash tax benefit, and the company reaffirmed its full-year 2025 revenue outlook while announcing a new $3 billion share repurchase authorization through 2027.
Total revenue $1,194.3 million, up 7.7% (8.0% in constant currency); operating income $247.3 million, up 40.6%
Net income $219.5 million vs. $401.5 million; diluted EPS $1.51 vs. $2.76, with prior-year results including a $267.4 million tax benefit
Full-year 2025 revenue guidance of $4.860 billion to $4.940 billion reaffirmed; Q2 revenue guidance $1.195 billion to $1.215 billion
New $3.0 billion repurchase authorization through 2027, following completion of the 2022 $4.0 billion program
WillScot reported first quarter 2025 revenue of $560 million, down from $587 million a year earlier, and net income of $43 million, down from $56 million. Diluted EPS was $0.23 versus $0.29, and the company reaffirmed its full-year 2025 revenue, Adjusted EBITDA and Net CAPEX outlook. For shareholders, lower quarterly profit is the key result, while the unchanged outlook and $45 million returned through buybacks and the first quarterly dividend are the main offsets.
Revenue $560 million vs. $587 million; net income $43 million vs. $56 million; diluted EPS $0.23 vs. $0.29
Adjusted EBITDA $229 million at a 40.9% margin, vs. $248 million at 42.2% a year earlier
Reaffirmed 2025 outlook: revenue $2,275 million to $2,475 million; Adjusted EBITDA $1,000 million to $1,090 million
Returned $45 million: about 1.1 million shares repurchased for $32 million and $13 million in first quarterly dividends ($0.07 per share paid March 19, 2025)
Motorola Solutions reported first-quarter 2025 results for the quarter ended March 29, 2025, with sales up 6% to $2.5 billion and GAAP EPS of $2.53, compared with a loss of $0.23 a year earlier. The company kept its full-year 2025 outlook of about 5.5% revenue growth and non-GAAP EPS of $14.64 to $14.74, and expects second-quarter non-GAAP EPS of $3.32 to $3.37.
Q1 2025 sales of $2,528 million, up 6% from $2,389 million; Software and Services sales rose 9%, Products and Systems Integration rose 4%
GAAP EPS of $2.53 versus a loss of $0.23 in Q1 2024; non-GAAP EPS of $3.18, up 13%
Full-year 2025 guidance maintained: about 5.5% revenue growth and non-GAAP EPS of $14.64 to $14.74; Q2 non-GAAP EPS expected at $3.32 to $3.37
Company repurchased $325 million of common stock and paid $182 million in dividends in the quarter; operating cash flow was $510 million
A10 Networks reported first-quarter 2025 revenue of $66.1 million, up 9% from a year earlier, while GAAP net income was $9.5 million, slightly below the prior-year $9.7 million, with GAAP EPS flat at $0.13. Non-GAAP EPS rose to $0.20 from $0.17, and the board approved a $0.06 quarterly dividend and a new $75 million share repurchase program, which shareholders should weigh against the company's $355.8 million in cash and marketable securities.
Revenue of $66.1 million, up 9% from $60.7 million in Q1 2024
GAAP net income of $9.5 million, or $0.13 per diluted share, versus $9.7 million and $0.13 a year earlier
Non-GAAP net income of $15.0 million, or $0.20 per diluted share, versus $0.17 a year earlier
Quarterly dividend of $0.06 per share payable June 2, 2025 to holders of record May 15, 2025; new $75 million buyback authorized with no specified term
Reddit reported first-quarter 2025 revenue of $392.4 million, up 61% year-over-year, and net income of $26.2 million, compared with a net loss of $575.1 million a year earlier. The company also estimated second-quarter revenue of $410 million to $430 million and Adjusted EBITDA of $110 million to $130 million.
Revenue of $392.4 million rose 61% year-over-year; advertising revenue was $358.6 million.
Net income was $26.2 million, versus a net loss of $575.1 million in Q1 2024; diluted EPS was $0.13.
Adjusted EBITDA was $115.3 million, or 29.4% of revenue; operating cash flow was $127.6 million.
For Q2 2025, Reddit estimates revenue of $410 million to $430 million and Adjusted EBITDA of $110 million to $130 million.
Envista reported first-quarter 2025 results for the quarter ended March 28, 2025, with sales of $617 million, down from $623.6 million a year earlier, and net income of $18 million, down from $23.6 million. The company said it is maintaining its full-year 2025 guidance, including core sales growth of 1% to 3% and adjusted EPS of $0.95 to $1.05.
Sales were $616.9 million versus $623.6 million in Q1 2024; core sales rose 0.2%.
Diluted EPS was $0.10 versus $0.14; adjusted diluted EPS was $0.24 versus $0.26.
Operating cash flow was $0.3 million and free cash flow was negative $5.1 million, compared with $40.3 million and $29.3 million a year earlier.
Full-year 2025 guidance was maintained, and $231 million remained under the repurchase program at quarter end after $19 million of Q1 buybacks.
Red Rock Resorts reported first quarter 2025 net revenues of $497.9 million, up 1.8%, and net income of $86.0 million, up 9.7%, both versus the first quarter of 2024. Adjusted EBITDA rose 2.8% to $215.1 million, and diluted earnings per share were $0.75 compared with $0.68 a year earlier. The Board also declared a $1.00 special dividend and a $0.25 quarterly dividend.
Net revenues were $497.9 million, up $9.0 million (1.8%) from $488.9 million; Las Vegas operations contributed $495.0 million.
Net income was $86.0 million, up 9.7% from $78.4 million; net income attributable to Red Rock Resorts, Inc. was $44.7 million versus $42.8 million.
Diluted EPS for Class A common stock was $0.75 versus $0.68; Adjusted EBITDA was $215.1 million, up 2.8%.
A $1.00 special dividend is payable May 21, 2025 (record date May 14, 2025); a $0.25 quarterly dividend is payable June 30, 2025 (record date June 16, 2025).
CareTrust REIT reported first quarter 2025 net income attributable to the company of $65.8 million, or $0.35 per diluted share, up from $28.7 million, or $0.22 per share, a year earlier. The company raised its 2025 guidance and increased its quarterly dividend from $0.29 to $0.335 per share, while also reporting that shareholders of Care REIT plc approved its planned acquisition for about $856 million.
Q1 2025 total revenues were $96.6 million, up from $63.1 million in Q1 2024; normalized FFO was $77.8 million, or $0.42 per share, versus $0.35 a year earlier.
2025 guidance was increased: net income of $1.36 to $1.40 per diluted share, normalized FFO of $1.69 to $1.73, and normalized FAD of $1.73 to $1.77.
Quarterly dividend increased from $0.29 to $0.335 per common share.
Care REIT plc shareholders approved the acquisition on April 29, 2025; the company expects to close on or around May 9, 2025, subject to approval by the English Court.
Roku reported first-quarter 2025 results for the period ended March 31, 2025, with total net revenue of $1.02 billion, up 16% year over year, and a net loss of $27.4 million, narrowing from $50.9 million a year earlier. The company reaffirmed its full-year 2025 outlook of $3.950 billion in Platform revenue and $350 million in Adjusted EBITDA, and it also said it has agreed to acquire Frndly TV.
Total net revenue was $1,020.7 million, up 16% YoY; Platform revenue was $880.8 million, up 17% YoY.
Net loss was $27.4 million, or $(0.19) per share, compared with a net loss of $50.9 million, or $(0.35) per share, in Q1 2024.
Adjusted EBITDA was $56.0 million, up 37% YoY; Devices gross loss was $19.3 million.
For Q2 2025, the company expects total net revenue of approximately $1.070 billion and Adjusted EBITDA of approximately $70 million.
Twilio reported first quarter 2025 revenue of $1.17 billion, up 12% year-over-year, and GAAP income from operations of $23 million, compared with a loss of $43.5 million a year earlier. The company raised its full-year 2025 organic revenue growth guidance to 7.5% to 8.5% from 7% to 8%, and raised its non-GAAP income from operations and free cash flow targets to $850 million to $875 million from $825 million to $850 million.
Q1 2025 revenue of $1.17 billion, up 12% year-over-year; GAAP net income of $20 million, or $0.12 per diluted share, versus a net loss of $0.31 per share a year earlier
Non-GAAP income from operations of $213.4 million in Q1 2025, compared with $159.6 million in Q1 2024
Full-year 2025 organic revenue growth guidance raised to 7.5% to 8.5%; non-GAAP income from operations and free cash flow targets raised to $850 million to $875 million
Q2 2025 revenue guidance of $1.18 billion to $1.19 billion, or 9% to 10% growth
Universal Display reported first-quarter 2025 revenue of $166.3 million, up from $165.3 million a year earlier, and net income of $64.4 million, or $1.35 per diluted share, versus $56.9 million, or $1.19, in the prior-year quarter. The company affirmed its 2025 revenue guidance of $640 million to $700 million and announced a $100 million share repurchase authorization, which has no time limit, alongside a second-quarter dividend of $0.45 per share.
Q1 2025 total revenue was $166.3 million versus $165.3 million in Q1 2024; material sales fell to $86.2 million from $93.3 million, while royalty and license fees rose to $73.6 million from $68.3 million.
Q1 2025 net income was $64.4 million, or $1.35 per diluted share, compared with $56.9 million, or $1.19 per diluted share, a year earlier.
The Board authorized repurchases of up to $100 million of common stock, effective immediately, with no time limit; the program may be modified, suspended or discontinued at any time.
2025 revenue guidance of $640 million to $700 million was affirmed; the second-quarter dividend of $0.45 per share is payable June 30, 2025, to holders of record on June 16, 2025.
Paylocity reported results for the third quarter of fiscal 2025, ended March 31, 2025. Total revenue rose 13% to $454.5 million and GAAP net income reached $91.5 million, or $1.61 per diluted share, compared with $1.50 a year earlier. The company said it raised its fiscal 2025 revenue and profitability guidance.
Total revenue was $454.5 million, up 13% from $401.3 million in the third quarter of fiscal 2024; recurring and other revenue was $421.1 million, up 15%.
GAAP net income was $91.5 million, or $1.61 per diluted share, versus $85.3 million, or $1.50 per diluted share, a year earlier.
Fiscal 2025 total revenue is now expected to be $1.580 billion to $1.585 billion, and adjusted EBITDA $571.0 million to $575.0 million.
The company repurchased $150 million, or approximately 800,000 shares, through April 2025.
Five9 reported first-quarter 2025 revenue of $279.7 million, up 13% from $247.0 million a year earlier, and GAAP net income of $0.6 million, or $0.01 per diluted share, versus a GAAP net loss of $7.1 million in the prior-year quarter. The company also issued full-year 2025 revenue guidance of $1.140 billion to $1.144 billion and second-quarter revenue guidance of $274.5 million to $275.5 million.
Q1 2025 revenue rose 13% to $279.7 million; GAAP net income was $0.6 million, or $0.01 per diluted share, compared with a $7.1 million GAAP net loss a year earlier.
Non-GAAP net income was $47.3 million, or $0.62 per diluted share, compared with $35.7 million, or $0.48 per diluted share, in Q1 2024.
Q1 2025 GAAP operating cash flow was $48.4 million, compared with $32.4 million in Q1 2024.
Full-year 2025 revenue guidance is $1.140 billion to $1.144 billion; Q2 2025 revenue guidance is $274.5 million to $275.5 million.
Maplebear Inc. (Instacart) reported first-quarter 2025 results on May 1, 2025, with orders up 14% year-over-year to 83.2 million, GTV up 10% to $9,122 million, and total revenue up 9% to $897 million. GAAP net income fell $24 million year-over-year to $106 million, while Adjusted EBITDA rose 23% to $244 million, and the company guided second-quarter GTV to $8,850 million to $9,000 million and Adjusted EBITDA to $240 million to $250 million. For shareholders, revenue and Adjusted EBITDA grew, but GAAP profit declined, and the company repurchased $94 million of shares in the quarter.
Q1 2025 orders of 83.2 million, up 14% year-over-year; GTV of $9,122 million, up 10%
Total revenue of $897 million, up 9%; advertising and other revenue of $247 million, up 14%
GAAP net income of $106 million, down $24 million year-over-year; Adjusted EBITDA of $244 million, up 23%
Q2 2025 outlook: GTV of $8,850 million to $9,000 million and Adjusted EBITDA of $240 million to $250 million
Ryan Specialty reported first-quarter 2025 revenue up 25.0% to $690.2 million and Adjusted EBITDAC up 27.5% to $200.5 million, but GAAP net income swung to a loss of $4.4 million, mainly due to higher income tax expense tied to a legal entity reorganization that the company calls non-recurring and non-cash. The company maintained its full-year 2025 organic revenue growth and Adjusted EBITDAC margin guidance and declared a $0.12 per share quarterly dividend.
Total revenue rose 25.0% to $690.2 million from $552.0 million; Organic Revenue Growth Rate was 12.9% versus 13.7% a year earlier
Net loss of $(4.4) million, or $(0.22) per diluted share, compared with net income of $40.7 million a year earlier, due to $55.4 million of income tax expense
Adjusted diluted EPS rose 11.4% to $0.39 from $0.35; Adjusted EBITDAC margin was 29.1% versus 28.5%
Full-year 2025 guidance maintained: organic revenue growth of 11.0% to 13.0% and Adjusted EBITDAC margin of 32.5% to 33.5%; dividend of $0.12 payable May 27, 2025 to holders of record on May 13, 2025
Middlesex Water reported first quarter 2025 operating revenue of $44.3 million, up $3.8 million from a year earlier, driven by rate increases, higher consumption and customer growth. Net income fell to $9.5 million, and diluted EPS fell to $0.53 from $0.59, mainly because the first quarter of 2024 included a one-time recovery of $4.3 million (net of tax) in previously incurred costs.
Operating revenue was $44.3 million, up from $40.5 million in the first quarter of 2024.
Net income was $9.5 million, compared with $10.7 million a year earlier; diluted EPS was $0.53, compared with $0.59.
The company completed the approximately $4.6 million acquisition of Ocean View water utility assets in Delaware in April 2025.
The Board declared a second quarter dividend of $0.34 per common share, payable June 2, 2025, to holders of record as of May 15, 2025.
Cohu reported fiscal first-quarter 2025 net sales of $96.8 million, down from $107.6 million a year earlier, and a GAAP net loss of $30.8 million, or $0.66 per share, compared with a $14.6 million loss a year earlier. Excluding certain charges, the non-GAAP loss was $0.8 million, or $0.02 per share, and the company guided second-quarter 2025 sales to $106 million, plus or minus $7 million.
Q1 2025 net sales were $96.8 million, versus $107.6 million in Q1 2024 and $94.1 million in Q4 2024.
GAAP net loss was $30.8 million ($0.66 per share), including $6.6 million in restructuring charges, versus a $14.6 million loss ($0.31 per share) a year earlier.
Second-quarter 2025 sales are expected in a range of $106 million +/- $7 million.
Cash and investments were $200.8 million at quarter end; the company repurchased 432,288 shares for about $8.6 million.
Exponent reported first-quarter 2025 revenue of $145.5 million, roughly flat from a year earlier, but net income fell to $26.7 million, or $0.52 per diluted share, from $30.1 million, or $0.59, a year earlier. The company kept its full-year 2025 guidance but expects second-quarter revenues before reimbursements to fall in the low-single digits, and it declared a $0.30 quarterly dividend.
Q1 2025 revenues before reimbursements were $137.4 million, compared with $137.2 million in Q1 2024
Net income was $26.7 million, or $0.52 per diluted share, versus $30.1 million, or $0.59, a year earlier; EBITDA fell to $37.5 million from $40.1 million
For Q2 2025, the company expects revenues before reimbursements to decline in the low-single digits, and full-year 2025 revenues before reimbursements to grow in the low-single digits
Board declared a quarterly cash dividend of $0.30 per share, payable June 20, 2025 to holders of record as of June 6, 2025
Trupanion reported first quarter 2025 results for the period ended March 31, 2025. Total revenue rose 12% to $342.0 million, and the net loss narrowed to $1.5 million, or $0.03 per share, from $6.9 million, or $0.16 per share, a year earlier. The filing does not include updated financial guidance.
Total revenue was $342.0 million, up 12% from the first quarter of 2024; subscription business revenue was $233.1 million, up 16%.
Net loss was $1.5 million, or $0.03 per share, versus $6.9 million, or $0.16 per share, in the first quarter of 2024.
Adjusted EBITDA was $12.2 million, compared with $4.8 million a year earlier; free cash flow was $14.0 million.
Total enrolled pets were 1,667,637 at March 31, 2025, down 2% year over year, while subscription enrolled pets rose 5% to 1,052,845.
Airbnb reported first-quarter 2025 revenue of $2.3 billion, up 6% year over year, but net income fell to $154 million from $264 million a year earlier, and Adjusted EBITDA slipped to $417 million from $424 million. The company guided second-quarter revenue to $2.99 billion to $3.05 billion and reaffirmed a full-year Adjusted EBITDA Margin of at least 34.5%, while it repurchased $807 million of stock in the quarter.
Q1 2025 revenue $2.3 billion, up 6% year over year; net income $154 million versus $264 million in Q1 2024
Q2 2025 revenue guidance of $2.99 billion to $3.05 billion, representing 9% to 11% growth
Full-year 2025 Adjusted EBITDA Margin expected to be at least 34.5%, consistent with prior guidance
Q1 share repurchases of $807 million; $2.5 billion remained under the authorization as of March 31, 2025
Monolithic Power Systems reported first-quarter 2025 revenue of $637.6 million, up 39.2% from a year earlier and up 2.6% from the fourth quarter of 2024. GAAP diluted EPS was $2.79, up from $1.89 a year earlier, and the company expects second-quarter revenue of $640.0 million to $660.0 million.
Q1 2025 revenue was $637.6 million, up 39.2% year over year and 2.6% quarter over quarter
GAAP net income was $133.8 million, or $2.79 per diluted share, versus $92.5 million, or $1.89, a year earlier
Non-GAAP diluted EPS was $4.04, down 1.2% from $4.09 in the fourth quarter of 2024
Q2 2025 guidance calls for revenue of $640.0 million to $660.0 million and GAAP gross margin of 54.9% to 55.5%
Perdoceo Education reported first-quarter 2025 revenue of $213.0 million, up 26.6%, and diluted earnings per share of $0.65 versus $0.59 a year earlier, with the USAHS acquisition and CTU enrollment growth cited as drivers. The company also updated its 2025 outlook, with full-year GAAP diluted EPS guided to $2.21 to $2.37 and second-quarter EPS to $0.59 to $0.61.
Revenue was $213.0 million, up from $168.3 million; USAHS contributed $39.2 million.
Diluted EPS was $0.65 versus $0.59; adjusted diluted EPS was $0.70 versus $0.60.
2025 GAAP diluted EPS outlook is $2.21 to $2.37; second-quarter outlook is $0.59 to $0.61.
Cash and investments totaled $612.2 million at March 31, 2025; the company repurchased $25.2 million of stock and declared a $0.13 quarterly dividend payable June 13, 2025.
Alignment Healthcare reported first-quarter 2025 revenue of $926.9 million, up 47.5% year over year, and a net loss of $9.4 million, narrowed from $46.6 million a year earlier. The company raised the midpoints of its 2025 outlook for membership, revenue, adjusted gross profit and adjusted EBITDA, and said CFO Thomas Freeman will be succeeded by Jim Head effective May 2, 2025.
Q1 2025 revenue was $926.9 million, up 47.5%; net loss was $9.4 million versus $46.6 million in Q1 2024.
Adjusted EBITDA was $20.2 million, compared with a loss of $12.0 million in Q1 2024.
Health plan membership was about 217,500 at March 31, 2025, up 31.7% year over year.
Twelve-month 2025 revenue outlook is $3,770 million to $3,815 million; Jim Head succeeds Thomas Freeman as CFO effective May 2, 2025.
Kirby reported first-quarter 2025 net earnings attributable to Kirby of $76.0 million, or $1.33 per diluted share, up from $1.19 a year earlier, while consolidated revenue fell to $785.7 million from $808.0 million. The company cited improved marine market conditions but said weather and lock delays rose sharply, and it expects earnings and free cash flow to strengthen as 2025 progresses. Shareholders also elected three directors, ratified KPMG LLP as auditor, and approved executive compensation at the April 29, 2025 annual meeting.
Net earnings attributable to Kirby were $76.0 million, or $1.33 per diluted share, versus $70.1 million, or $1.19 per share, in the first quarter of 2024.
Consolidated revenues were $785.7 million, compared with $808.0 million in the first quarter of 2024.
Kirby repurchased $124.7 million of stock year-to-date through April 30, 2025, and expects to use most free cash flow for buybacks absent meaningful acquisitions.
At the April 29, 2025 annual meeting, shareholders elected Anne-Marie N. Ainsworth, William M. Waterman and Shawn D. Williams as Class III directors.
LXP Industrial Trust reported first-quarter 2025 results on May 1, 2025, with total gross revenues of $88.9 million, up from $86.3 million a year earlier. Net income attributable to common shareholders was $17.3 million, or $0.06 per diluted share, compared with a net loss of $1.9 million, or $0.01 per share, in the prior-year quarter; the filing attributes part of the result to a $24.6 million gain on sale of real estate. The Trust also gave updated 2025 guidance, and shareholders may weigh the reaffirmed Adjusted Company FFO range against the lower Adjusted Company FFO dollar total.
Total gross revenues were $88.9 million, compared with $86.3 million for the first quarter of 2024.
Adjusted Company FFO was $46.4 million, or $0.16 per diluted share, versus $48.8 million, or $0.16 per diluted share, a year earlier.
The Trust estimates 2025 net income attributable to common shareholders of $0.12 to $0.16 per diluted share and reaffirmed Adjusted Company FFO guidance of $0.61 to $0.65 per diluted share.
Subsequent to quarter end, the Trust sold a property in Chillicothe, OH, for a gross price of $39.6 million.
AMETEK reported first-quarter 2025 sales of $1.73 billion, in line with a year earlier, while GAAP diluted earnings per share rose to $1.52 from $1.34. The company said it continues to expect full-year 2025 adjusted EPS of $7.02 to $7.18 and sales up low single digits, citing tariff headwinds it expects to offset through mitigation actions.
Net sales were $1.73 billion versus $1.74 billion in Q1 2024; GAAP operating income rose to $454.8 million from $417.2 million
Adjusted diluted EPS was $1.75, up 7% from $1.64 in Q1 2024; GAAP diluted EPS was $1.52 versus $1.34
2025 outlook: adjusted diluted EPS of $7.02 to $7.18, up 3% to 5% versus 2024 on a comparable basis
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