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
Corning said President and Chief Operating Officer Eric Musser will retire in mid-2025 after 39 years with the company. The board named Avery H. (Hal) Nelson III as Executive Vice President and, effective at Musser's retirement, Chief Operating Officer, and reinstated Chairman and CEO Wendell P. Weeks as President.
Eric S. Musser, President and Chief Operating Officer, will retire in mid-2025, per notice given April 30, 2025.
Avery H. (Hal) Nelson III, age 57, becomes Chief Operating Officer at Musser's retirement and will manage the Market-Access Platforms.
Wendell P. Weeks, age 65, will reassume the President role at Musser's retirement while remaining Chairman and CEO.
Lewis A. Steverson, age 61, was named Vice Chairman, and John Z. Zhang, age 52, was named Executive Vice President and Chief Corporate Development Officer, both effective immediately.
Mettler-Toledo reported first-quarter 2025 sales of $883.7 million, down 5% from the prior year, and adjusted EPS of $8.19, down 8%. The company cut its full-year 2025 adjusted EPS forecast to $41.25 to $42.00 from $42.35 to $43.00, citing higher tariff costs and shipping delays from 2023 that shifted sales.
Q1 2025 reported sales were $883.7 million, down 5%; local currency sales fell 3%, or rose 3% excluding delayed shipments from the prior year.
Q1 2025 GAAP diluted EPS was $7.81 versus $8.24; adjusted EPS was $8.19 versus $8.89.
Full-year 2025 local currency sales growth guidance is 1% to 2%, versus prior guidance of about 3%.
Management estimates gross incremental global tariff costs of about $115 million on an annualized basis, with mitigating actions expected to fully offset them next year.
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
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
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%.
Cboe Global Markets said CEO Fredric Tomczyk will retire and resign as CEO effective May 7, 2025, and that Craig Donohue, former Chairman of the Board at the Options Clearing Corporation, will succeed him as CEO and join the board on the same date. Tomczyk will stay an employee in an advisory role until June 30, 2025, and remain a director, subject to re-election at the May 6, 2025 annual meeting. The filing says his retirement was not the result of any disagreement with the company.
Fredric Tomczyk resigns as CEO effective May 7, 2025, and stays on the board subject to re-election on May 6, 2025
Craig Donohue, 63, becomes CEO and a board member effective May 7, 2025
Donohue's base salary is $1,300,000, with a 150% target bonus and a $6,000,000 sign-on equity award subject to 3-year cliff vesting
Donohue's employment agreement runs to May 7, 2030, with severance of 200% of base salary and target bonus on termination without cause or for good reason
Ingersoll Rand reported first quarter 2025 revenue of $1,716.8 million, up 2.8%, and orders of $1.88 billion, up 10%. Diluted GAAP EPS fell to $0.46 from $0.50, and adjusted EPS was $0.72 versus $0.78, while the company lowered its full-year 2025 adjusted EBITDA range to $2,070 million to $2,130 million and its adjusted EPS range to $3.28 to $3.40, and raised its share repurchase authorization by $1 billion.
Q1 2025 revenue was $1,716.8 million, up 2.8%; adjusted EBITDA was $459.7 million, flat, with a margin of 26.8%, down 70 basis points.
Net income attributable to Ingersoll Rand was $186.5 million, or $0.46 per diluted share, versus $0.50 a year earlier.
Full-year 2025 adjusted EBITDA guidance was cut to $2,070 million to $2,130 million from $2,130 million to $2,190 million; adjusted EPS guidance was cut to $3.28 to $3.40 from $3.38 to $3.50.
The board authorized a $1 billion increase to the share repurchase program, and the company is targeting up to $750 million of repurchases over the remainder of 2025.
Bio-Rad reported first-quarter 2025 net sales of $585.4 million, down 4.2% from a year earlier, and GAAP net income of $64.0 million, down from $383.9 million, when large investment gains boosted results. The company also lowered its full-year 2025 outlook, cutting its non-GAAP operating margin estimate to 10.0% to 12.0% from 13.0% to 13.5% and revising revenue growth to a range of a 1.0% decline to 1.5% growth. The lower outlook signals weaker expected profitability and growth for 2025.
Q1 2025 net sales were $585.4 million, down 4.2% from $610.8 million; currency-neutral sales fell 1.5%, led by Life Science.
Q1 2025 GAAP net income was $64.0 million, or $2.29 per diluted share, versus $383.9 million, or $13.45, in Q1 2024; non-GAAP diluted EPS was $2.54 versus $2.30.
Full-year 2025 non-GAAP currency-neutral revenue is now expected to range from a 1.0% decline to 1.5% growth, down from a prior estimate of 1.5% to 3.5% growth.
Estimated full-year 2025 non-GAAP operating margin was cut to 10.0% to 12.0%, from a prior expectation of 13.0% to 13.5%.
Cousins Properties reported first-quarter 2025 net income available to common stockholders of $20.9 million, or $0.12 per share, up from $13.3 million, or $0.09 per share, a year earlier. Funds from operations (FFO) rose to $124.8 million, or $0.74 per share, from $99.5 million, or $0.65 per share. The company raised its full-year 2025 FFO guidance to $2.75 to $2.83 per share from $2.73 to $2.83, which matters to shareholders because it lifts the lower end of the range it expects for the year.
Q1 2025 net income available to common stockholders was $20.9 million, or $0.12 per share, versus $13.3 million, or $0.09 per share, in Q1 2024.
Q1 2025 FFO was $124.8 million, or $0.74 per share, versus $99.5 million, or $0.65 per share, in Q1 2024.
2025 FFO guidance is $2.75 to $2.83 per share, up from $2.73 to $2.83; the company says the increase is driven mainly by higher parking income and lower real-estate taxes.
2025 net income guidance was narrowed to $0.26 to $0.34 per share from $0.25 to $0.35.
Omega Healthcare Investors reported first quarter 2025 results, with revenues of $276.8 million and net income of $112.1 million, up from $69.3 million a year earlier. The REIT raised its full-year 2025 Adjusted FFO per share guidance to $2.95-$3.01 from $2.90-$2.98, but Genesis missed its March rent payment and Omega drew on a letter of credit to cover the shortfall.
Q1 2025 revenues $276.8 million, up from $243.3 million in Q1 2024; diluted EPS $0.33 versus $0.27
Q1 2025 Adjusted FFO $221 million, or $0.75 per share, versus $0.68 per share in Q1 2024
2025 Adjusted FFO guidance raised to $2.95-$3.01 per share from $2.90-$2.98
Genesis failed to pay $4.2 million of March rent; it paid full contractual rent in April 2025
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
Old National Bancorp completed its merger with Bremer Financial Corporation on May 1, 2025, and Bremer Bank merged into Old National Bank. Each Bremer share was converted into 4.182 Old National common shares, $26.22 in cash, and cash in lieu of fractional shares, and Old National assumed about $61.9 million of Bremer's junior subordinated debt. The filing does not include updated financial results for the combined company.
Each Bremer Class A and Class B share converted into 4.182 Old National common shares plus $26.22 in cash
Old National assumed about $61.9 million in aggregate principal of junior subordinated debt due June 1, 2036
Board expanded from 15 to 16 directors; Daniel C. Reardon appointed to fill the vacancy and to the Audit Committee
Systems conversion is anticipated in mid-October 2025; Community Growth Plan commitment raised from $9.5 billion to $11.1 billion
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.
Archrock, Inc. completed its acquisition of Natural Gas Compression Systems, Inc. and NGCSE, Inc. on May 1, 2025. The company issued about 2.251 million new common shares to NGCSE and funded the $299 million cash portion with its ABL credit facility, and it said the deal is expected to be immediately accretive to 2025 earnings per share. Shareholders will see more shares outstanding, and the company said it remains committed to its 3.0 to 3.5 times target leverage ratio range.
NGCSI merger cash consideration was $266.7 million, subject to customary adjustments after closing.
NGCSE merger consideration was $90.4 million in cash and Archrock common stock combined.
About 2.251 million new Archrock common shares were issued to NGCSE Holdings, LLC at closing.
NGCSE Holdings agreed not to sell the stock for 180 days after the May 1, 2025 closing date.
CSW Industrials completed its acquisition of Aspen Manufacturing on May 1, 2025, for a cash purchase price of $313.5 million, subject to adjustments, funded with cash on hand and borrowings under its $500 million revolving credit facility. The company also plans to move its common stock listing from Nasdaq to the New York Stock Exchange, with NYSE trading under the symbol CSW starting June 9, 2025.
Aspen Manufacturing acquisition closed May 1, 2025; cash price $313.5 million, with $8 million placed in escrow
Company describes purchase price as approximately 11x Aspen's 2024 adjusted EBITDA of $28.5 million (preliminary, unaudited estimate)
Nasdaq trading ends at market close June 6, 2025; NYSE trading begins June 9, 2025 under the symbol CSW
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
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
Block reported first-quarter 2025 gross profit of $2.29 billion, up 9% year over year, and said growth came in below its expectations, mainly due to softer Cash App inflows and card spend. It now expects 2025 gross profit of $9.96 billion, up 12%, reflecting a more cautious view of the macro environment. GAAP net income fell to $190 million from $472 million and diluted EPS fell to $0.30 from $0.74, while adjusted EPS rose 19% to $0.56, so the results point in different directions for shareholders.
Q1 2025 gross profit was $2.29 billion, up 9%: Cash App $1.38 billion (up 10%) and Square $898 million (up 9%).
Net income attributable to common stockholders was $190 million, versus $472 million in Q1 2024; diluted EPS was $0.30, versus $0.74; adjusted EPS was $0.56, up 19%.
The 2025 outlook is $9.96 billion in gross profit (12% growth); Q2 gross profit is expected at $2.45 billion (9.5% growth), with mid-teens growth expected in Q4.
In Q1 the company repurchased 6.8 million Class A shares for $445 million, and $2.2 billion remained on its $4 billion authorization as of March 31, 2025.
SPX Technologies reported first-quarter 2025 revenue of $482.6 million, up 3.7%, and raised its full-year 2025 guidance for revenue, adjusted EBITDA and adjusted EPS. The company linked the higher adjusted EBITDA range to its strong first quarter and the April acquisition of Sigma & Omega, partly offset by tariffs and mitigation efforts. For shareholders, the higher profit outlook is accompanied by negative first-quarter operating cash flow and total debt that rose to $960.3 million.
Q1 2025 revenue was $482.6 million, up 3.7%; GAAP EPS was $1.10, up 4.8%; adjusted EPS was $1.38, up 10.4%.
2025 revenue guidance raised to $2.20 billion to $2.26 billion from $2.13 billion to $2.19 billion; adjusted EBITDA guidance raised to $470 million to $495 million from $460 million to $490 million.
Q1 net operating cash flow from continuing operations was negative $10.4 million, compared with positive $10.7 million a year earlier.
Total debt was $960.3 million at March 29, 2025, up from $614.7 million at December 31, 2024.
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.
LeMaitre Vascular reported first-quarter 2025 net sales of $59.9 million, up 12% from a year earlier, and diluted earnings per share of $0.48, up from $0.44. The company raised its full-year 2025 sales guidance to $242 million to $249 million, from a prior $239 million, which gives shareholders a higher revenue outlook.
Q1 2025 net sales $59.9 million, up 12% (13% organic); gross margin 69.2%, up 60 basis points
Diluted EPS $0.48 vs. $0.44 a year earlier; income from operations $12.6 million, up 6%
Full-year 2025 sales guidance $242 million to $249 million, up from prior $239 million; Q2 sales guidance $61.5 million to $63.5 million
Quarterly dividend of $0.20 per share, payable May 29, 2025 to holders of record on May 15, 2025
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.
DiamondRock Hospitality reported first quarter 2025 net income attributable to common stockholders of $9.4 million, or $0.04 per diluted share, up 59.3% from a year earlier, while actual total revenues were $254.9 million, down 0.6%. The company lowered its 2025 comparable RevPAR growth range to (1.0)% to 1.0% from 1.0% to 3.0% and cut its Adjusted EBITDA midpoint by $5.0 million, citing macroeconomic uncertainty, but kept its Adjusted FFO per share outlook at $0.94 to $1.06. Shareholders also elected all nine directors, approved executive pay on an advisory basis, and ratified KPMG LLP as auditor at the April 29, 2025 annual meeting.
Q1 2025 net income attributable to common stockholders was $9.4 million, or $0.04 per diluted share, up 59.3% from Q1 2024.
Comparable RevPAR rose 2.0% to $186.20; actual total revenues were $254.9 million, down 0.6%.
2025 comparable RevPAR growth guidance lowered to (1.0)% to 1.0% from 1.0% to 3.0%; Adjusted EBITDA guidance now $270 million to $295 million, versus $275 million to $300 million previously.
Adjusted FFO per share guidance held at $0.94 to $1.06; all nine director nominees were elected at the April 29, 2025 annual meeting.
Columbia Sportswear reported first quarter 2025 net sales of $778.5 million, up 1 percent, and diluted earnings per share of $0.75, up from $0.71. The company withdrew its full year 2025 outlook, given on February 4, 2025, citing macroeconomic uncertainty from global trade policies, and did not provide a new full year outlook.
Net sales rose 1 percent (3 percent constant-currency) to $778.5 million; operating income rose 4 percent to $46.5 million
Full year 2025 financial outlook provided February 4, 2025 is withdrawn; no new full year outlook given
Second quarter 2025 net sales expected at $575 million to $600 million, growth of 1 to 5 percent
Net cash used in operating activities was $32.0 million; cash and short-term investments totaled $658.4 million at March 31, 2025
Duolingo reported first-quarter 2025 revenue of $230.7 million, up 38% from a year earlier, and net income of $35.1 million, up from $27.0 million. The company raised its full-year 2025 bookings growth guidance to about 29% and its Adjusted EBITDA margin guidance midpoint to 28%, which signals stronger expected growth and profitability for shareholders.
Q1 total bookings were $271.6 million, up 38%; paid subscribers reached 10.3 million, up 40%.
Q1 gross margin fell to 71.1% from 73.0%, mainly due to higher generative AI costs tied to Duolingo Max.
Full-year 2025 revenue guidance is $987 million to $996 million, and full-year Adjusted EBITDA margin guidance midpoint is 28%.
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
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.
Effective May 1, 2025, Kevin D. Chapman became Chief Executive Officer of Renasant Corporation and Renasant Bank, in addition to his role as President, as part of a previously announced succession plan. C. Mitchell Waycaster stepped down as CEO and remains Executive Vice Chairman, and E. Robinson McGraw resigned as an officer but remains Chairman of the Board, so the change is a leadership transition rather than a change in board control.
Kevin D. Chapman assumed the CEO role on May 1, 2025 and remains President of the Company and the Bank.
C. Mitchell Waycaster stepped down as CEO and will continue as Executive Vice Chairman, including work on strategic planning, investor relations, and mergers and acquisitions.
E. Robinson McGraw resigned as an officer and employee of the Company and the Bank and will continue as a director and Chairman of the Board.
Chapman has been President since May 2023 and Chief Operating Officer since May 2018.
Applied Industrial Technologies reported fiscal third-quarter net sales of $1.2 billion, up 1.8% year over year, and net income of $99.8 million, or $2.57 per share, up 3.7%, but organic daily sales fell 3.1%. It narrowed its fiscal 2025 EPS guidance to $9.85 to $10.00 from $9.65 to $10.05 while lowering its sales growth outlook to flat to up 1% from up 1% to 3%, and also agreed to acquire IRIS Factory Automation and authorized a new 1.5 million share repurchase.
Q3 net sales $1.2 billion, up 1.8% year over year; organic daily sales down 3.1%
Q3 net income $99.8 million, or $2.57 per share; EBITDA $144.9 million, up 6.8%
Fiscal 2025 EPS guidance $9.85 to $10.00 (prior $9.65 to $10.05); sales growth flat to up 1% (prior up 1% to 3%)
Quarterly dividend of $0.46 per share payable May 30, 2025; new 1.5 million share repurchase authorization
Schneider National reported first-quarter 2025 income from operations of $42.1 million, up 47% from $28.7 million a year earlier, and diluted earnings per share of $0.15 versus $0.10. The company also cut its full-year 2025 adjusted diluted EPS guidance to $0.75 to $1.00 from $0.90 to $1.20, citing increasing economic uncertainty, so shareholders face a weaker outlook even as quarterly results improved.
Operating revenues rose 6% to $1.4 billion; income from operations rose 47% to $42.1 million.
Diluted EPS was $0.15 versus $0.10 a year earlier; adjusted diluted EPS was $0.16 versus $0.11.
Full-year 2025 adjusted diluted EPS guidance was lowered to $0.75 to $1.00 from $0.90 to $1.20.
Net capital expenditure guidance was reduced to $325 million to $375 million from $400 million to $450 million.
OSI Systems reported fiscal third-quarter 2025 revenue of $444.4 million, up 10% from a year earlier, with GAAP diluted EPS of $2.40 versus $1.95. The company raised its fiscal 2025 revenue guidance to $1.690 billion to $1.715 billion and non-GAAP diluted EPS guidance to $9.15 to $9.45, both modestly higher than prior ranges.
Q3 FY25 revenue $444.4 million, up 10% from $405.4 million; GAAP net income $41.1 million, or $2.40 per diluted share, versus $1.95 a year earlier
Q3 non-GAAP diluted EPS $2.44, versus $2.16 in the prior-year quarter
Fiscal 2025 guidance raised: revenue $1.690 billion to $1.715 billion (previously $1.685 billion to $1.710 billion); non-GAAP diluted EPS $9.15 to $9.45 (previously $9.10 to $9.40)
Quarter-end backlog over $1.8 billion; operating cash flow $81.6 million versus cash used of $52.1 million a year earlier
National Fuel Gas reported second-quarter fiscal 2025 GAAP net income of $216 million, or $2.37 per share, up 32% per share from the prior year. The company raised its fiscal 2025 adjusted earnings per share guidance to $6.75 to $7.05 from $6.50 to $7.00, citing the second-quarter results and higher expected production in its Exploration and Production segment. The guidance assumes NYMEX natural gas prices average $3.50 per MMBtu for the remaining six months of the fiscal year.
GAAP net income of $216 million, or $2.37 per share, versus $1.80 per share a year earlier; adjusted operating results were $2.39 per share, up 34%.
Fiscal 2025 adjusted EPS guidance raised to $6.75 to $7.05 from $6.50 to $7.00, a $0.15 increase at the midpoint.
Seneca produced a record 105.5 Bcf of natural gas, up 3% from the prior year.
Utility segment net income rose 44% per share to $0.70, driven by the New York jurisdiction's 2024 rate settlement.
AGCO reported first-quarter 2025 net sales of $2.1 billion, down 30.0% from a year earlier, and reported earnings of $0.14 per share compared with $2.25 a year earlier. Adjusted earnings per share were $0.41 versus $2.32. The company affirmed its full-year 2025 outlook of $4.00 to $4.50 in earnings per share and about $9.6 billion in net sales, so the guidance was not changed.
Net sales were $2,050.5 million versus $2,928.7 million in the first quarter of 2024, a 30.0% decline.
Income from operations was $49.4 million versus $273.6 million a year earlier.
Reported EPS was $0.14 (2024: $2.25); adjusted EPS was $0.41 (2024: $2.32).
2025 guidance: net sales of about $9.6 billion, adjusted operating margin of 7% to 7.5%, and EPS of $4.00 to $4.50.
Estée Lauder reported fiscal 2025 third-quarter net sales down 10% to $3.6 billion, with diluted EPS of $0.44 versus $0.91 a year earlier. The company also forecast fiscal 2025 full-year GAAP diluted EPS of a loss of $1.89 to $1.61 and adjusted EPS of $1.30 to $1.55, down from $2.59 in fiscal 2024, which signals continued pressure on shareholder returns.
Q3 net sales fell 10% to $3,550 million; organic net sales fell 9%
Diluted EPS was $0.44 versus $0.91; adjusted diluted EPS was $0.65 versus $0.97
Full-year fiscal 2025 adjusted EPS forecast is $1.30 to $1.55, versus $2.59 in fiscal 2024; GAAP EPS forecast is a loss of $1.89 to $1.61
Quarterly dividend of $0.35 per share is payable June 16, 2025 to holders of record on May 30, 2025
Upbound Group reported first-quarter 2025 revenue of $1,176.4 million, up 7.3% year over year, while GAAP net earnings fell to $24.8 million from $27.7 million. The company raised the midpoint of its full-year 2025 non-GAAP EPS and revenue guidance, and said CFO Fahmi Karam will succeed CEO Mitch Fadel on June 1, 2025.
Revenue $1,176.4 million, up 7.3% year over year; GAAP diluted EPS $0.42 versus $0.50 a year earlier
Non-GAAP diluted EPS $1.00 versus $0.79; special items totaled $43.3 million pre-tax in the quarter
FY2025 non-GAAP diluted EPS guidance $4.00-$4.40, up from $3.90-$4.40; revenue guidance $4.60-$4.75 billion, up from $4.50-$4.75 billion
CEO Mitch Fadel retires June 1, 2025; CFO Fahmi Karam will succeed him as CEO
APi Group reported first-quarter 2025 net revenues of $1.7 billion, up 7.4%, with adjusted diluted EPS of $0.37, up 8.8%, while GAAP net income fell to $35 million from $45 million. The company raised its full-year 2025 net revenue and adjusted EBITDA guidance, citing foreign currency rates, and authorized a new $1 billion share repurchase program, which matters to shareholders because it signals higher expected results and capital return.
Net revenues were $1.7 billion, up 7.4% (1.9% organic); Safety Services rose 13.4% while Specialty Services fell 6.8%.
Net income was $35 million versus $45 million a year earlier; diluted EPS was $0.11 versus a loss of $1.34, and adjusted diluted EPS was $0.37, up 8.8%.
2025 guidance raised: net revenues $7,400 to $7,600 million (from $7,300 to $7,500 million) and adjusted EBITDA $985 to $1,035 million (from $970 to $1,020 million).
The company repurchased $75 million of common stock in the quarter and authorized a new $1 billion repurchase program; it will hold an Investor Day on May 21, 2025.
Maiden Holdings shareholders approved the proposed combination with Kestrel Group LLC at a special general meeting on April 29, 2025, including the merger resolution for Maiden and a Bermuda holding company that will be renamed Kestrel Group Ltd. The company said closing is expected in the second quarter of 2025, subject to regulatory approvals and other customary conditions, so the deal is not yet complete.
Merger resolution approved with 110,798,574 votes For, 4,199,415 Against and 63,860 Abstain
Proposal to remove the 9.5% voting limitation approved with 76,705,952 votes For and 7,354,828 Against
Advisory vote on named executive officer merger-related compensation approved with 105,424,076 votes For and 8,739,795 Against
Closing expected in the second quarter of 2025, subject to regulatory approvals
Air Products reported a fiscal second-quarter net loss of $1.7 billion, or $7.77 per share, after an after-tax charge of $2.3 billion tied to exiting three U.S. projects and other business actions. Excluding that charge, adjusted EPS of $2.69 fell six percent from a year earlier on flat sales of $2.9 billion, and the company revised its fiscal 2025 adjusted EPS guidance to $11.85 to $12.15.
Q2 fiscal 2025 GAAP net loss of $1.7 billion and loss per share of $7.77, versus net income of $581 million and EPS of $2.57 a year earlier
Adjusted EPS of $2.69, down six percent; sales of $2.9 billion, flat versus the prior year
Fiscal 2025 adjusted EPS guidance revised to $11.85 to $12.15; third-quarter guidance $2.90 to $3.00
Eduardo F. Menezes named CEO and Board member; quarterly dividend increased to $1.79 per share, the 43rd consecutive annual increase
ATI reported first quarter 2025 sales of $1.14 billion, up 10% from a year earlier, and net income attributable to ATI of $97.0 million, up 47%. The company also updated its full-year 2025 guidance, which assumes about $250 million of share repurchases in the second quarter, and said a union agreement for Specialty Rolled Products employees was ratified.
Q1 2025 diluted EPS was $0.67 vs $0.46 in Q1 2024; adjusted EPS was $0.72 vs $0.48
Q1 2025 adjusted EBITDA was $194.6 million, or 17.0% of sales, vs $151.0 million a year earlier
Full-year 2025 guidance: adjusted EBITDA $800 million to $840 million; adjusted EPS $2.87 to $3.09
Q1 2025 repurchases were $70 million; the guidance assumes about $250 million in Q2 2025 repurchases
Fortive reported first-quarter 2025 revenue down 3% year-over-year to $1.47 billion, including a 2% core revenue decline, and GAAP diluted EPS of $0.50 versus $0.58 a year earlier. The company updated its full-year 2025 adjusted EPS guidance to $3.80 to $4.00, citing moderated demand in Precision Technologies and the net impact of tariffs, and it is targeting completion of the Ralliant separation by the end of the second quarter.
Q1 2025 revenue fell 3% to $1.47 billion, with core revenue down 2%
GAAP diluted EPS was $0.50 and adjusted diluted EPS was $0.85; net earnings were $172 million
Full-year 2025 adjusted diluted EPS guidance is $3.80 to $4.00; GAAP diluted EPS guidance is $2.23 to $2.43
Separation of Precision Technologies (to be named Ralliant) targeted by end of Q2 2025
Frontdoor reported first-quarter 2025 revenue up 13% to $426 million, net income up 9% to $37 million, and diluted EPS of $0.49 versus $0.43 a year earlier. The company raised its full-year 2025 revenue, gross margin and Adjusted EBITDA outlook and increased its 2025 share repurchase target to at least $200 million.
Gross profit margin rose 380 basis points to 55%, and Adjusted EBITDA rose 41% to $100 million
Full-year 2025 revenue outlook raised to $2.03 billion to $2.05 billion; Adjusted EBITDA outlook raised to $500 million to $520 million
2025 share repurchase target raised to at least $200 million; $105 million repurchased year-to-date through April 2025
Organon reported first-quarter 2025 revenue of $1.513 billion, down 7%, and net income of $87 million, down 57% from a year earlier, while reaffirming its full-year 2025 guidance. The company also cut its quarterly dividend to $0.02 per share from $0.28 to accelerate debt reduction, a major change for shareholders who receive that payout.
Q1 2025 revenue was $1.513 billion versus $1.622 billion in Q1 2024; diluted EPS was $0.33 versus $0.78.
Quarterly dividend revised to $0.02 per share from $0.28, payable June 12, 2025, to holders of record on May 12, 2025.
Full-year 2025 revenue guidance of $6.125 billion to $6.325 billion and Adjusted EBITDA margin guidance of 31.0% to 32.0% were left unchanged.
As of March 31, 2025, cash and cash equivalents were $547 million and debt was $8.96 billion.
Church & Dwight reported first-quarter 2025 net sales down 2.4% to $1,467.1 million and reported EPS of $0.89, down from $0.93, while adjusted EPS of $0.91 beat the company's $0.90 outlook. The company cut its full-year organic sales growth outlook to 0% to 2% from 3% to 4% and its adjusted EPS growth outlook to 0% to 2% from 7% to 8%, and said it will shut down or sell the Flawless, Spinbrush and Waterpik showerhead businesses, which generate about $150 million of net sales.
Q1 2025 net sales $1,467.1 million, down 2.4%; organic sales down 1.2%
Reported EPS $0.89 vs. $0.93 a year earlier; adjusted EPS $0.91, down 5.2%, above $0.90 outlook
Full-year adjusted EPS growth now 0% to 2%, previously 7% to 8%
Q2 charge of approximately $60 to $80 million expected from the three business decisions
Howmet Aerospace reported first quarter 2025 revenue of $1.94 billion, up 6% year over year, and net income of $344 million, or $0.84 per diluted share, versus $243 million, or $0.59, a year earlier. The company widened its full-year 2025 revenue guidance and raised its adjusted EBITDA, adjusted EPS and free cash flow guidance, which matters to shareholders because it signals higher expected earnings and continued capital returns.
Net income of $344 million, or $0.84 per diluted share, versus $243 million, or $0.59, in Q1 2024
Adjusted EPS excluding special items of $0.86, up 51% year over year; FY2025 baseline adjusted EPS guidance of $3.40, range $3.36 to $3.44
Repurchased $125 million of common stock in Q1 2025 and an additional $100 million in April 2025
FY2025 revenue guidance range $7.88 billion to $8.18 billion, baseline $8.03 billion
Quanta Services reported first-quarter 2025 revenue of $6.23 billion, up from $5.03 billion a year earlier, and diluted earnings per share of $0.96, up from $0.79. The company raised the midpoint of its full-year 2025 revenue, adjusted EBITDA and EPS expectations, which matters to shareholders because it signals higher expected earnings for the year.
Q1 2025 revenue of $6.23 billion vs. $5.03 billion in Q1 2024
Net income attributable to common stock of $144.3 million, vs. $118.4 million a year earlier; diluted EPS $0.96 vs. $0.79
Full-year 2025 diluted EPS now expected at $6.90 to $7.50; revenue $26.7 billion to $27.2 billion
Repurchased about $135 million of common stock from January 1 through April 29, 2025; $365.1 million authorization remaining
Kimco Realty reported first-quarter 2025 net income available to common shareholders of $125.1 million, or $0.18 per diluted share, compared with a loss of $18.9 million, or $0.03 per share, a year earlier. FFO per diluted share rose 12.8% to $0.44, and the company raised its full-year 2025 outlook, which matters to shareholders because it signals higher expected per-share earnings and cash flow.
Net income available to common shareholders was $125.1 million, or $0.18 per diluted share, versus a loss of $18.9 million, or $0.03, in Q1 2024.
FFO was $301.9 million, or $0.44 per diluted share, up from $0.39 a year earlier.
2025 FFO guidance was raised to $1.71 to $1.74 per diluted share from $1.70 to $1.72; net income guidance was raised to $0.70 to $0.73 from $0.70 to $0.72.
Same property NOI rose 3.9%, and pro-rata cash rent spreads on new leases were 48.7%. Pro-rata leased occupancy ended the quarter at 95.8%, down 50 basis points sequentially.
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