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).
KBR reported first quarter fiscal 2025 results with revenues of $2.1 billion, up 13%, and net income attributable to KBR of $116 million, up 25% from the prior year period. The company reaffirmed its fiscal 2025 outlook and repurchased $156 million of its stock during the quarter, which lowered the diluted share count.
Revenues of $2,055 million vs. $1,818 million a year earlier, up 13%
Net income attributable to KBR of $116 million vs. $93 million; diluted EPS of $0.88 vs. $0.69
Adjusted EPS of $0.98, up 27%; Adjusted EBITDA of $243 million, up 17%
Fiscal 2025 guidance reaffirmed: revenues $8.7 billion to $9.1 billion, Adjusted EPS $3.71 to $3.95
Louisiana-Pacific reported first-quarter 2025 results with net sales flat at $724 million, while net income fell $17 million to $91 million and diluted earnings per share fell to $1.30 from $1.48. Higher Siding sales were offset by lower OSB prices and volumes, and the company issued second-quarter and full-year 2025 guidance. The company also declared a $0.28 per share quarterly dividend.
Net sales flat at $724 million; Siding up $41 million to $402 million, OSB down $46 million to $267 million
Net income $91 million, down $17 million; Adjusted EBITDA $162 million, down $20 million
Guidance: second-quarter consolidated Adjusted EBITDA of $125 million to $145 million; full-year $535 million to $555 million
Quarterly dividend of $0.28 per share, payable June 3, 2025, to holders of record as of May 20, 2025
NW Natural Holdings reported first-quarter 2025 net income of $87.9 million ($2.18 per share), up from $63.8 million ($1.69 per share) a year earlier, and adjusted EPS of $2.28 after SiEnergy transaction costs. The company reaffirmed its 2025 adjusted EPS guidance of $2.75 to $2.95 and agreed to buy Hughes Gas Resources for $60 million, which it expects to close in the second quarter of 2025.
Q1 2025 net income $87.9 million ($2.18 per share) vs. $63.8 million ($1.69 per share) in Q1 2024; adjusted EPS $2.28
Operating revenues $494.3 million vs. $433.5 million in Q1 2024
2025 adjusted EPS guidance of $2.75 to $2.95 reaffirmed; GAAP EPS guidance lowered to $2.65 to $2.85 from $2.66 to $2.86 due to Hughes transaction costs
Agreed to acquire Hughes Gas Resources from EPCOR USA for $60 million; expected to close in Q2 2025
Leidos reported first-quarter fiscal 2025 revenue of $4.25 billion, up 7%, and net income of $365 million, or $2.77 per diluted share, up 34% from $2.07 a year earlier. The company reaffirmed its full-year 2025 guidance, including revenue of $16.90 billion to $17.30 billion and non-GAAP diluted EPS of $10.35 to $10.75, while operating cash flow fell to $58 million from $113 million.
Revenue $4.25 billion, up 7%; net income $365 million, up 29%; GAAP diluted EPS $2.77 versus $2.07
Non-GAAP diluted EPS $2.97, up 30%; adjusted EBITDA $601 million, a 14.2% margin
Operating cash flow $58 million versus $113 million a year earlier; free cash flow $36 million
Backlog recast under a new policy to $46.3 billion; company also disclosed a pending $300 million cyber acquisition and a $500 million accelerated share repurchase
Archrock reported first-quarter 2025 revenue of $347.2 million, up from $268.5 million a year earlier, and net income of $70.9 million, or $0.40 per share, compared with $40.5 million, or $0.26 per share, in the first quarter of 2024. The company raised its full-year 2025 adjusted EBITDA guidance to $790 million to $830 million and increased its share repurchase program by $50 million, which signals higher expected earnings and continued capital returns to shareholders.
Q1 2025 adjusted EBITDA was $197.8 million, compared with $131.0 million in Q1 2024.
Full-year 2025 adjusted EBITDA guidance was raised to $790 million to $830 million.
The NGCS acquisition closed on May 1, 2025, and the Board approved an additional $50 million for the share repurchase program, with $65.2 million of capacity as of May 1, 2025.
Duke Energy reported first-quarter 2025 reported and adjusted EPS of $1.76, up from $1.44 in the first quarter of 2024, with total operating revenues of $8,249 million compared with $7,671 million a year earlier. The company reaffirmed its 2025 adjusted EPS guidance range of $6.17 to $6.42, which matters to shareholders because it indicates management expects results to stay within that range for the full year.
Q1 2025 reported and adjusted EPS of $1.76, versus $1.44 in Q1 2024, with no special items in either period
Electric Utilities and Infrastructure segment income rose to $1,276 million from $1,021 million; Gas segment income rose to $349 million from $284 million
2025 adjusted EPS guidance of $6.17 to $6.42 reaffirmed; long-term adjusted EPS growth target of 5% to 7% through 2029
Cabot reported fiscal second-quarter 2025 results for the period ended March 31, 2025. Adjusted EPS rose 7% year over year to $1.90 and diluted EPS was $1.69, but net sales fell to $936 million from $1,019 million, and the company revised its fiscal 2025 Adjusted EPS guidance to $7.15 to $7.50, citing expected lower customer demand in the second half.
Diluted EPS was $1.69 versus $1.49 a year earlier; Adjusted EPS was $1.90 versus $1.78.
Reinforcement Materials segment EBIT fell 12% to $131 million, while Performance Chemicals EBIT rose 61% to $50 million.
Fiscal 2025 Adjusted EPS guidance was revised to $7.15 to $7.50, and the quarterly dividend was raised 5% to $0.45 per share.
Celanese reported first quarter 2025 results on May 5, 2025, with net sales of $2.4 billion, down from $2.6 billion a year earlier, and a U.S. GAAP diluted loss per share of $0.15 versus earnings of $1.10 in the prior-year quarter. The company guided to second quarter adjusted EPS of $1.30 to $1.50 and expects 2025 free cash flow of $700 to $800 million, while also announcing an intention to fully divest the Micromax business.
Q1 2025 net sales $2.4 billion (versus $2.6 billion in Q1 2024); operating profit $168 million (versus $210 million); free cash flow negative $73 million
Adjusted EPS $0.57 versus $2.08 in Q1 2024; U.S. GAAP diluted loss per share $0.15 versus $1.10 earnings
Q2 2025 adjusted EPS guidance of $1.30 to $1.50; 2025 free cash flow target of $700 million to $800 million
2025 cost reduction target raised to approximately $120 million; intention to divest Micromax announced
Mueller Water Products reported fiscal second-quarter 2025 net sales of $364.3 million, up 3.1% from a year earlier, and net income per diluted share of $0.33 versus $0.28. The company raised its fiscal 2025 net sales guidance to $1,390 million to $1,400 million but kept its adjusted EBITDA guidance at $310 million to $315 million, citing expected higher costs from recently enacted tariffs.
Q2 net sales rose 3.1% to $364.3 million; adjusted EBITDA rose 2.8% to $84.5 million
Adjusted net income per diluted share was $0.34, up from $0.30 a year earlier
Fiscal 2025 net sales guidance raised to $1,390 million to $1,400 million; adjusted EBITDA guidance reaffirmed at $310 million to $315 million
Company repurchased $5.0 million of common stock in the quarter; results to be discussed on a May 6, 2025 call
Kilroy Realty reported first-quarter 2025 results below the same quarter a year earlier, with revenues of $270.8 million versus $278.6 million and net income available to common stockholders of $39.0 million, or $0.33 per diluted share, versus $49.9 million, or $0.42. The company affirmed its full-year 2025 FFO guidance of $3.85 to $4.05 per diluted share and agreed to sell part of its Santa Fe Summit land in San Diego for $38.0 million, a sale expected to close after entitlements are received, which the company expects in 2026.
Revenues of $270.8 million for Q1 2025 versus $278.6 million for Q1 2024
Net income available to common stockholders of $39.0 million ($0.33 per diluted share) versus $49.9 million ($0.42) a year earlier
FFO of $122.3 million ($1.02 per diluted share) versus $133.7 million ($1.11); full-year 2025 FFO guidance of $3.85 to $4.05 affirmed
Agreement to sell about five acres of the Santa Fe Summit site for $38.0 million in gross proceeds, with closing expected upon entitlements in 2026
Ashland's Chief Financial Officer, J. Kevin Willis, plans to resign effective May 16, 2025, to pursue another opportunity, and the filing states the departure is not tied to any disagreement over financial statements, internal controls, operations, policies or practices. The Board named William C. Whitaker, the company's Vice President, Finance and Director, Investor Relations, as interim CFO effective May 6, 2025, and Samuel A. Richardson, the Controller, as Principal Accounting Officer, also effective May 6.
J. Kevin Willis notified the company on May 1, 2025 of his resignation as CFO, Principal Financial Officer and Principal Accounting Officer, effective May 16, 2025.
William C. Whitaker, 36, becomes Interim CFO effective May 6, 2025, with an annual base salary of $354,432 and a target cash incentive of 42% of salary.
Samuel A. Richardson, 46, becomes Vice President, Controller and Principal Accounting Officer effective May 6, 2025, with an annual base salary of $330,000.
Both appointees receive restricted stock unit grants with a fair market value of $130,000, vesting on the third anniversary of the grant date.
HealthStream reported first-quarter 2025 revenue of $73.5 million, up 1.0%, but net income fell 17.1% to $4.3 million and diluted EPS fell to $0.14 from $0.17. The company lowered its 2025 revenue, net income and adjusted EBITDA guidance, citing technology scaling issues with CredentialStream and macroeconomic conditions affecting renewals and purchasing, so shareholders face higher revenue alongside lower profit and a reduced outlook.
Q1 2025 revenue of $73.5 million, up 1.0% from $72.8 million; net income of $4.3 million, down 17.1% from $5.2 million
Diluted EPS of $0.14 versus $0.17 a year earlier; operating income of $4.4 million, down 23.1%
2025 revenue guidance cut to $297.5 million to $303.5 million from $302.0 million to $307.0 million
2025 adjusted EBITDA guidance lowered to $68.5 million to $72.5 million from $70.0 million to $74.0 million; quarterly dividend of $0.031 per share payable May 30, 2025
Addus HomeCare reported first quarter 2025 results for the period ended March 31, 2025, with net service revenues up 20.3% year over year to $337.7 million and net income of $21.2 million, or $1.16 per diluted share, versus $0.97 a year earlier. Results include the first full quarter of the Gentiva personal care operations, acquired December 2, 2024, and the filing does not include any change to guidance.
Net service revenues were $337.7 million, up from $280.7 million in the first quarter of 2024.
Net income was $21.2 million, or $1.16 per diluted share, compared with $15.8 million, or $0.97 per diluted share.
Adjusted net income per diluted share rose 17.4% to $1.42; adjusted EBITDA rose 25.1% to $40.6 million.
Cash at March 31, 2025 was $97.0 million and bank debt was $203.0 million.
Interparfums reported first-quarter 2025 net sales of $339 million, up 5%, and diluted earnings per share of $1.32, up 4% from $1.27 a year earlier. The company reaffirmed its 2025 guidance of $1.51 billion in net sales and $5.35 in diluted EPS, both up 4%, which signals management expects the year to track its original plan.
Operating income rose 10% to $75 million, and operating margin widened to 22.2% from 21.0%.
Gross margin improved to 63.7% from 62.5%, which the company attributed to favorable brand and channel mix.
Cash used in operating activities fell to $7 million from $52 million a year earlier.
The quarterly dividend is $0.80 per share, payable June 30, 2025, to shareholders of record on June 13, 2025.
Primoris reported first-quarter 2025 revenue of $1.6 billion, up 16.7% from a year earlier, with net income of $44.2 million, or $0.81 per diluted share, versus $0.35 a year earlier. The company maintained its full-year 2025 outlook and authorized a share purchase program of up to $150 million through April 30, 2028. The filing also covers board appointments, shareholder votes, and a quarterly dividend of $0.08 per share.
Q1 2025 revenue of $1,648.1 million, up $235.4 million, or 16.7%, led by the Energy and Utilities segments
Net income of $44.2 million, or $0.81 per diluted share, versus $18.9 million, or $0.35 per share, in Q1 2024
Full-year 2025 EPS outlook of $3.70 to $3.90 was maintained; the company did not change its guidance
Board authorized a share purchase program of up to $150 million, expiring April 30, 2028; dividend of $0.08 per share payable July 15, 2025
D.R. Horton, Inc. completed a public offering of $500 million in 4.850% senior notes maturing October 15, 2030, on May 5, 2025. The company received net proceeds of $496.7 million after the underwriting discount, and the notes are guaranteed by substantially all of its current homebuilding subsidiaries.
Principal amount of $500 million; net proceeds of $496.7 million after the underwriting discount
Interest at 4.850% per year, paid semi-annually on April 15 and October 15, beginning October 15, 2025
Maturity date of October 15, 2030, with optional redemption before September 15, 2030 at a make-whole price
Notes issued under an indenture with Truist Bank as trustee, with a change-of-control offer at 101% of principal if a change in control and a ratings downgrade both occur
Brinker International entered a Fourth Amendment to its credit agreement effective May 1, 2025, increasing its revolving credit facility by $100 million to $1,000 million and extending the maturity date to May 1, 2030. The amendment also changes the loan pricing to Term SOFR plus 1.25% to 2.00%, with stepdowns tied to debt-to-cash-flow ratios, which affects the terms of the company's borrowing capacity for shareholders.
Credit facility increased by $100 million, from $900 million to $1,000 million
Maturity date extended to May 1, 2030
Revolving loans priced at Term SOFR plus 1.25% to 2.00%, with stepdowns at debt-to-cash-flow ratios of 3.00x, 2.00x and 1.00x
Amendment was entered into with JPMorgan Chase Bank, N.A. acting as administrative agent
Tidewater reported first-quarter 2025 revenue of $333.4 million, up 3.8% from $321.2 million a year earlier, but net income fell to $42.7 million ($0.83 per share) from $47.0 million ($0.89 per share). The company reiterated its 2025 revenue guidance of $1.32 to $1.38 billion and gross margin guidance of 48% to 50%, and said it repurchased 2.3 million shares for $90.0 million through April 14, 2025.
Q1 2025 revenue of $333.4 million, up from $321.2 million in Q1 2024
Net income of $42.7 million ($0.83 per diluted share), down from $47.0 million ($0.89 per share)
Free cash flow of $94.7 million and net cash from operating activities of $86.0 million
2025 revenue guidance of $1.32 to $1.38 billion reiterated, not changed
Teradata's board elected John Ederer as chief financial officer, effective May 12, 2025. He previously served as CFO of Model N, and interim CFO Charles Smotherman will return to his prior role as Senior Vice President, Chief Accounting Officer.
Ederer's initial annual base salary is $530,000, with a target annual bonus of 100% of base salary, pro-rated for 2025.
On or about May 16, 2025, Ederer is to receive a new hire grant of restricted share units with a target value of $4.5 million, plus annual grants with target values of $2.25 million each in service-based and performance-based units.
Ederer has been CFO of Model N, Inc. since January 2021 and was previously CFO at K2 Software Inc. from August 2018 until November 2020.
Ederer will report to CEO Steve McMillan and lead accounting, financial planning, investor relations, tax, and treasury.
Atlas Energy Solutions reported first quarter 2025 total sales of $297.6 million, up from $192.7 million a year earlier, while net income fell to $1.2 million from $26.8 million. Management said Q2 sales volumes and Adjusted EBITDA are expected to be relatively flat to up sequentially, and that some customers are deferring planned development projects.
Total sales were $297.6 million, up 9.7% from the fourth quarter of 2024 and up from $192.7 million in the first quarter of 2024.
Net income was $1.2 million, compared with $26.8 million a year earlier. SG&A included $8.2 million in acquisition-related and other transaction costs.
Adjusted EBITDA was $74.3 million, a 25% margin, compared with $75.5 million and a 39% margin in the first quarter of 2024.
Quarterly dividend of $0.25 per share was maintained, payable May 22, 2025 to holders of record on May 15, 2025.
BWX Technologies reported first quarter 2025 results on May 5, 2025, with revenue up 13% to $682.3 million and GAAP net income up 10% to $75.5 million. The company reaffirmed its 2025 non-GAAP EPS guidance of $3.40-$3.55 and said the pending Kinectrics acquisition remains on track to close in mid-2025.
Revenue of $682.3 million, up from $604.0 million a year earlier; Government Operations rose 14% and Commercial Operations rose 10%.
Diluted GAAP EPS of $0.82 versus $0.75; non-GAAP EPS of $0.91 versus $0.76.
Commercial Operations operating income fell 25% to $6.5 million; 2025 non-GAAP EPS guidance of $3.40-$3.55 was reaffirmed.
New Jersey Resources reported fiscal second-quarter 2025 net income of $204.3 million, or $2.04 per share, up from $120.8 million, or $1.23 per share, a year earlier. The company raised its fiscal 2025 net financial earnings per share (NFEPS) guidance by $0.10 to $3.15-$3.30, citing outperformance from Energy Services during the winter period, which raises the outlook for shareholders.
Q2 fiscal 2025 net income was $204.3 million ($2.04 per share), versus $120.8 million ($1.23 per share) in Q2 fiscal 2024.
Q2 fiscal 2025 net financial earnings (non-GAAP) were $178.3 million ($1.78 per share), versus $138.6 million ($1.41 per share).
Fiscal 2025 NFEPS guidance raised to $3.15-$3.30 from $3.05-$3.20; the 7 to 9 percent long-term growth target was maintained.
Management will present via live public webcast on May 6, 2025, at 10 a.m. ET.
Boot Barn's Board appointed John Hazen as Chief Executive Officer effective May 5, 2025, ending the interim period he has served since November 22, 2024. The Board also expanded itself from seven to eight directors and added Mr. Hazen to the Board, and it set his base salary at $900,000 with a target bonus of 100% of salary and a long-term equity award with an aggregate target value of $4.1 million.
John Hazen named CEO effective May 5, 2025, after serving as Interim CEO from November 22, 2024
Base salary of $900,000 with target annual bonus of 100% of base salary
Long-term equity award for fiscal year ending March 28, 2026 has an aggregate target value of $4.1 million, split 50% time-based RSUs and 50% performance share units
Peter Starrett remains Executive Chairman until December 31, 2025, then returns to nonexecutive Chairman
Certara reported first-quarter 2025 revenue of $106.0 million, up 10% from a year earlier, and net income of $4.7 million, compared with a net loss of $4.7 million in the prior-year quarter. The company reiterated its full-year 2025 guidance, including revenue of $415 million to $425 million, so shareholders have no new change to the outlook.
Revenue was $106.0 million, up 10% from $96.7 million in Q1 2024; software revenue rose 18% to $46.4 million.
Net income was $4.7 million, or $0.03 per diluted share, versus a net loss of $4.7 million in Q1 2024.
Adjusted EBITDA was $34.8 million, up 20% from $29.1 million.
Full-year 2025 guidance was reiterated: revenue of $415 million to $425 million and adjusted diluted EPS of $0.42 to $0.46.
Bright Horizons reported first-quarter 2025 revenue of $666 million, up 7%, and net income of $38 million, up 124%, with diluted earnings per share of $0.66 compared with $0.29. The company also updated its 2025 guidance to revenue of $2.865 billion to $2.915 billion and diluted adjusted earnings per share of $3.95 to $4.15. The filing does not state prior guidance, so the direction of the change cannot be determined from it.
Revenue of $666 million, up 7%; income from operations of $62 million, up 56%
Diluted EPS of $0.66 versus $0.29; diluted adjusted EPS of $0.77 versus $0.51
2025 revenue guidance of $2.865 billion to $2.915 billion; diluted adjusted EPS guidance of $3.95 to $4.15
Cash from operations of $86.2 million, compared with $116.3 million in the first quarter of 2024
Boise Cascade reported first quarter 2025 net income of $40.3 million, or $1.06 per diluted share, on sales of $1.5 billion, compared with $104.1 million, or $2.61 per share, on sales of $1.6 billion a year earlier. Lower sales prices and volumes in its wood products and distribution segments drove the decline, and the company said it expects modest engineered wood product price erosion in the second quarter. Shareholders also re-elected eleven directors and approved the 2025 Omnibus Incentive Plan at the May 1 annual meeting.
Net income $40.3 million ($1.06 per diluted share) vs. $104.1 million ($2.61) in first quarter 2024
Sales $1.5 billion, down 7%; Adjusted EBITDA $91.6 million, down 46%
Wood Products segment income $17.7 million, down 75%; Building Materials Distribution segment income $48.4 million, down 33%
Shareholders elected eleven directors and approved the 2025 Omnibus Incentive Plan at the May 1, 2025 meeting
Vornado Realty Trust reported first-quarter 2025 net income attributable to common shareholders of $86.8 million, or $0.43 per diluted share, compared with a loss of $9.0 million a year earlier. The gain was driven mainly by a $76.2 million net gain on the partial sale of 666 Fifth condominium to UNIQLO and a $17.2 million reversal of PENN 1 rent expense, so the profit swing includes one-time items. FFO as adjusted, a non-GAAP measure, rose to $126.2 million, or $0.63 per diluted share, from $108.8 million, or $0.55, a year earlier.
Net income attributable to common shareholders was $86.8 million ($0.43 per diluted share), versus a loss of $9.0 million ($0.05 per share) in Q1 2024.
FFO attributable to common shareholders plus assumed conversions, as adjusted, was $126.2 million ($0.63 per diluted share), up from $108.8 million ($0.55).
The 666 Fifth sale to UNIQLO produced a $76.2 million gain, and the PENN 1 ground rent reset led to a $17.2 million rent expense reversal, both in the first quarter.
Fabrinet reported results for its fiscal third quarter ended March 28, 2025, with revenue of $871.8 million, up from $731.5 million a year earlier, and GAAP net income of $81.3 million, up from $80.9 million. The company also issued fourth-quarter guidance of $860 million to $900 million in revenue and $2.32 to $2.47 in GAAP diluted EPS, and the quarter's free cash flow was $45.7 million compared with $87.3 million a year earlier.
Q3 revenue $871.8 million vs. $731.5 million in the prior-year quarter; the company said this was above its guidance range
GAAP diluted EPS $2.25 vs. $2.21; non-GAAP diluted EPS $2.52 vs. $2.39
Q4 fiscal 2025 guidance: revenue $860 million to $900 million; non-GAAP diluted EPS $2.55 to $2.70
Non-GAAP free cash flow $45.7 million vs. $87.3 million in the prior-year quarter
CRH reported first quarter 2025 results for the period ended March 31, 2025. Total revenues rose 3% to $6.8 billion, but the company posted a net loss of $98 million, compared with net income of $114 million a year earlier, as gains on prior-year divestitures did not recur. Adjusted EBITDA rose 11% to $495 million, and CRH reaffirmed its 2025 guidance, which matters to shareholders because the profit swing and the reaffirmed outlook both bear on expected full-year results.
Total revenues of $6.8 billion, up 3% from $6.5 billion in Q1 2024; net loss of $98 million versus net income of $114 million a year earlier.
Diluted loss per share of ($0.15), compared with diluted earnings per share of $0.16 in Q1 2024.
Adjusted EBITDA of $495 million, up 11%; Adjusted EBITDA margin of 7.3%, up from 6.8%.
2025 guidance reaffirmed: net income of $3.7 billion to $4.1 billion and Adjusted EBITDA of $7.3 billion to $7.7 billion. A $0.37 quarterly dividend was declared and a new $0.3 billion buyback tranche is to be completed no later than August
SiriusPoint reported first-quarter 2025 results for the period ended March 31, 2025. Net income available to common shareholders fell to $57.6 million from $90.8 million a year earlier, while total revenues rose to $727.3 million from $685.5 million, and diluted earnings per share were flat at $0.49. The company attributed the profit decline mainly to $67.9 million of catastrophe losses, primarily from the California wildfires.
Net income available to common shareholders was $57.6 million, versus $90.8 million a year earlier; diluted EPS was $0.49, flat year over year.
Core combined ratio rose to 95.4% from 91.4%, and Core income fell to $47.4 million from $62.4 million.
Catastrophe losses were $67.9 million, primarily from the California wildfires; the company cited a $59 million net impact from the wildfires.
Book value per diluted common share excluding AOCI was $15.15, up 3.5% in the quarter; AM Best and Fitch revised their outlook to Positive from Stable.
LTC Properties reported first-quarter 2025 results, with total revenues of $49.0 million, down from $51.4 million a year earlier, and net income available to common stockholders of $20.5 million, down from $24.1 million. The company also issued full-year 2025 guidance, including GAAP net income of $3.38 to $3.42 per share and diluted Core FFO of $2.65 to $2.69 per share, which shareholders can compare against future results.
Total revenues were $49.0 million versus $51.4 million, and net income available to common stockholders was $20.5 million versus $24.1 million, for the quarter ended March 31, 2025.
Diluted earnings per share were $0.45 versus $0.56; NAREIT diluted FFO per share was $0.65 versus $0.69; diluted Core FFO per share was $0.65 versus $0.64.
2025 full-year guidance: GAAP net income of $3.38 to $3.42 per share, diluted Core FFO of $2.65 to $2.69 per share, and diluted Core FAD of $2.78 to $2.82 per share.
After quarter end, 12 properties under Anthem's triple-net leases were transitioned into the new SHOP portfolio, with a combined gross book value of $176.1 million.
Ingevity reported first-quarter 2025 net sales of $284.0 million, down 17%, mainly due to repositioning of its Performance Chemicals segment. Net income was $20.5 million, or $0.56 per diluted share, compared with a net loss of $56.0 million a year earlier, and adjusted EBITDA rose 23% to $91.3 million. The company widened its full-year 2025 guidance to sales of $1.25 billion to $1.40 billion and adjusted EBITDA of $380 million to $415 million, citing lower auto production forecasts tied to trade tensions.
Q1 net sales were $284.0 million, down 17%, with Performance Chemicals sales down 35% to $95.0 million.
Net income was $20.5 million ($0.56 per diluted share) after $20.2 million in before-tax special charges; adjusted EPS was $0.99.
Adjusted EBITDA was $91.3 million, up 23%, with an adjusted EBITDA margin of 32.1%.
Full-year 2025 guidance: sales of $1.25 billion to $1.40 billion and adjusted EBITDA of $380 million to $415 million; no share repurchases were made in the quarter.
CSW Industrials entered into a Third Amended and Restated Credit Agreement on May 2, 2025, providing a $700.0 million revolving commitment that matures May 2, 2030, up from $500 million under the prior facility. The company said the larger facility gives it access to capital to pursue growth opportunities, including financing permitted acquisitions, though the filing does not report any amount drawn.
Revolving commitment increased from $500 million to $700 million, with a $30.0 million letter of credit sublimit and a $15.0 million swingline sublimit
Maturity extended to May 2, 2030; borrowings bear interest at base rate or adjusted term SOFR plus an margin tied to leverage
Financial covenants require a maximum Leverage Ratio of 3.00 to 1.00 (temporarily 3.75 to 1.00 after qualifying acquisitions) and a minimum Interest Coverage Ratio of 3.00 to 1.00
Agreement is secured by first priority liens on assets of the borrower and domestic subsidiaries; JPMorgan Chase Bank, N.A. is administrative agent
Gregg C. Sengstack retired as Executive Chairperson effective April 23, 2025, and remains on the Board of Directors. His retirement and consulting agreement includes a $750,000 restricted stock award, a $250,000 annual consulting fee through April 30, 2027, and a lump sum payment of $18,269.23. At the May 2, 2025 annual meeting, shareholders elected three directors, ratified Deloitte & Touche LLP as auditor, and approved executive compensation on an advisory basis.
Gregg C. Sengstack retired as Executive Chairperson effective April 23, 2025, and continues as a board member.
Retirement agreement includes a $750,000 restricted stock award vesting monthly through May 1, 2027, and a $250,000 annual consulting fee through April 30, 2027.
At the May 2, 2025 annual meeting, Renee J. Peterson, Jennifer L. Sherman and Chris Villavarayan were elected as directors with terms expiring at the 2028 meeting.
Shareholders ratified Deloitte & Touche LLP for fiscal 2025 and approved the advisory vote on executive compensation; 92.75% of shares entitled to vote were represented.
Clorox reported third-quarter fiscal 2025 net sales of $1.67 billion, down 8%, mainly from the VMS and Argentina divestitures, and adjusted EPS of $1.45, down 15%. The company updated its fiscal 2025 outlook to forecast net sales down 1% to flat, while keeping its adjusted EPS range at $6.95 to $7.35, and raised its GAAP diluted EPS range to $5.73 to $6.13.
Net sales fell 8% to $1.67 billion; organic sales declined 2% and organic volume was flat.
Diluted EPS was $1.50 versus a loss of $0.41 a year earlier, including cyberattack insurance recoveries; adjusted EPS was $1.45 versus $1.71.
Fiscal 2025 net sales are now expected to be down 1% to flat; organic sales growth is now expected at 4% to 5%.
Fiscal 2025 adjusted EPS range of $6.95 to $7.35 is unchanged; GAAP diluted EPS range rose to $5.73 to $6.13 from $5.52 to $5.92.
AECOM reported fiscal second-quarter 2025 results for the quarter ended March 31, 2025, with revenue down 4% to $3.77 billion while profit rose, including adjusted EPS of $1.25, up 20%. The company raised its fiscal 2025 adjusted EBITDA and adjusted EPS guidance for the second time this year, which signals higher expected earnings for shareholders.
Revenue was $3.77 billion, down 4%; net service revenue was $1.87 billion, up 4%
Net income attributable to AECOM from continuing operations was $154 million, up 38%; diluted EPS from continuing operations was $1.16 versus $0.81 a year earlier
Fiscal 2025 adjusted EBITDA guidance is $1,180 million to $1,210 million; adjusted EPS guidance is $5.10 to $5.20
Shareholders received more than $110 million through repurchases and dividends during the quarter
Hims & Hers reported first quarter 2025 revenue of $586.0 million, up 111% from a year earlier, and net income of $49.5 million, compared with $11.1 million. The company affirmed its full-year 2025 revenue guidance of $2.3 billion to $2.4 billion and raised its full-year Adjusted EBITDA guidance to $295 million to $335 million. Gross margin fell to 73% from 82%, and second-quarter revenue guidance of $530 million to $550 million was below the first-quarter result.
Q1 2025 revenue was $586.0 million, up 111% year over year; net income was $49.5 million versus $11.1 million; diluted EPS was $0.20 versus $0.05.
Adjusted EBITDA was $91.1 million in Q1 2025, compared with $32.3 million a year earlier.
Full-year 2025 Adjusted EBITDA guidance was raised to $295 million to $335 million; full-year revenue guidance of $2.3 billion to $2.4 billion was affirmed.
The company set 2030 targets of at least $6.5 billion in revenue and $1.3 billion in Adjusted EBITDA.
Matson reported first-quarter 2025 net income of $72.3 million, or $2.18 per diluted share, up from $36.1 million, or $1.04, a year earlier, on revenue of $782.0 million. The company lowered its outlook, expecting second-quarter 2025 consolidated operating income to be meaningfully lower than the $124.6 million of the second quarter of 2024 and full-year 2025 operating income to be lower than the $551.3 million reported for 2024, citing tariff and trade uncertainty and a sharp April decline in Transpacific demand.
Net income $72.3 million, or $2.18 per diluted share, vs. $36.1 million, or $1.04, in Q1 2024
Revenue $782.0 million vs. $722.1 million; operating income $82.1 million vs. $36.9 million
Q2 2025 consolidated operating income expected to be meaningfully lower than $124.6 million in Q2 2024
Since tariffs were implemented in April, container volume has declined approximately 30 percent year-over-year
Lattice Semiconductor reported first-quarter 2025 results for the period ended March 29, 2025, with revenue of $120.1 million, up 2.3% from the prior quarter but down 14.7% from a year earlier. GAAP net income was $5.0 million, or $0.04 per diluted share, down from $14.8 million a year earlier, and the company guided second-quarter 2025 revenue to between $118.5 million and $128.5 million. Revenue rose sequentially, but profit and year-over-year sales declined, so the results point in different directions for shareholders.
GAAP net income was $5.0 million, or $0.04 per diluted share, versus $14.8 million, or $0.11 per diluted share, in Q1 2024.
Non-GAAP net income per diluted share was $0.22, compared with $0.29 in Q1 2024 and $0.15 in Q4 2024.
Q2 2025 outlook: revenue of $118.5 million to $128.5 million and non-GAAP net income of $0.22 to $0.26 per share.
Free cash flow was $23.3 million, and the company repurchased $25.0 million of common stock in the quarter.
Palomar Holdings reported first quarter 2025 net income of $42.9 million, or $1.57 per diluted share, up from $26.4 million, or $1.04, a year earlier. The company also raised its full-year 2025 adjusted net income outlook to $186 million to $200 million, from $180 million to $192 million, which is favorable for shareholders.
Net income was $42.9 million, or $1.57 per diluted share, versus $26.4 million, or $1.04, in Q1 2024
Adjusted net income rose 84.6% to $51.3 million; gross written premiums grew 20.1% to $442.2 million
Full-year 2025 adjusted net income outlook raised to $186 million to $200 million from $180 million to $192 million
Expenses associated with transactions were $2.1 million in the quarter, tied to the acquisition of Advanced AgProtection
Artivion reported first quarter 2025 revenue of $99.0 million, up 2% on a GAAP basis, but swung to a GAAP net loss of $0.5 million, or $(0.01) per share, from net income of $7.5 million a year earlier. The company raised the midpoint of its full year 2025 revenue guidance to $423 to $435 million, while its adjusted EBITDA outlook of $84 to $91 million was unchanged. The quarter was affected by the November 2024 cybersecurity incident, which reduced preservation services revenue by 23%.
Q1 2025 revenue was $99.0 million versus $97.4 million in Q1 2024, up 2% on a GAAP basis and 4% on a constant currency basis.
GAAP net loss was $(0.5) million, or $(0.01) per diluted share; non-GAAP net income was $2.5 million, or $0.06 per diluted share.
Adjusted EBITDA rose 1% to $17.5 million from $17.3 million a year earlier.
Full year 2025 revenue guidance is $423 to $435 million; adjusted EBITDA guidance remains $84 to $91 million.
Corcept reported first quarter 2025 revenue of $157.2 million, up from $146.8 million a year earlier, but net income fell to $20.5 million and diluted earnings per share fell to $0.17 from $0.25. The company reiterated its 2025 revenue guidance of $900 million to $950 million and said a specialty pharmacy vendor's capacity limits hurt first quarter results.
Revenue was $157.2 million versus $146.8 million in first quarter 2024.
Operating expenses rose to $153.8 million from $117.3 million, with selling, general and administrative expenses at $90.7 million versus $56.3 million.
2025 revenue guidance of $900 million to $950 million was reiterated.
Cash and investments were $570.8 million at March 31, 2025, down from $603.2 million at December 31, 2024.
Ford reported first-quarter 2025 revenue of $40.7 billion, down 5% from a year earlier, with net income of $471 million and diluted EPS of $0.12, versus $0.33 a year ago. The company suspended its full-year 2025 financial guidance, including adjusted EBIT and adjusted free cash flow, citing tariff-related uncertainty and estimating a tariff-related net adverse adjusted EBIT impact of about $1.5 billion for 2025.
Q1 2025 revenue was $40.7 billion, down 5%; net income was $471 million versus $1.3 billion a year earlier.
Company adjusted EBIT was $1.0 billion, compared with $2.8 billion in the first quarter of 2024.
Full-year 2025 guidance is suspended; the company estimates a tariff-related net adverse adjusted EBIT impact of about $1.5 billion.
Ford will provide an update during its Q2 earnings call; the conference call is at 5:00 p.m. ET on May 5, 2025.
V2X reported first-quarter 2025 results on May 5, 2025, with revenue of $1.02 billion, up slightly from $1.01 billion a year earlier, and net income of $8.1 million, up from $1.1 million. The company reaffirmed its 2025 guidance, including adjusted diluted EPS of $4.45 to $4.85. For shareholders, reported profit rose on modest revenue growth, and the unchanged guidance means no revision to the company's full-year outlook.
Revenue of $1.02 billion versus $1.01 billion in the first quarter of 2024
Net income of $8.1 million versus $1.1 million; GAAP diluted EPS of $0.25 versus $0.04
Adjusted diluted EPS of $0.98, up 9% year over year; adjusted EBITDA of $67.0 million, a 6.6% margin
2025 guidance reaffirmed: revenue of $4,375 million to $4,500 million and adjusted EBITDA of $305 million to $320 million
Realty Income reported first-quarter 2025 net income available to common stockholders of $249.8 million, or $0.28 per share, up from $129.7 million, or $0.16 per share, a year earlier, on total revenue of $1.38 billion versus $1.26 billion. The company lowered its 2025 net income per share guidance to $1.40-$1.46 from $1.52-$1.58, while its AFFO per share guidance of $4.22-$4.28 was unchanged.
Q1 2025 total revenue was $1,380.5 million, up from $1,260.5 million in Q1 2024.
Q1 2025 AFFO per diluted share rose 2.9% to $1.06 from $1.03.
2025 net income per share guidance was revised to $1.40-$1.46 from $1.52-$1.58, as issued February 24, 2025.
2025 AFFO per share guidance of $4.22-$4.28 was unchanged.
Upwork reported first-quarter 2025 revenue of $192.7 million, up 1% from a year earlier, and net income of $37.7 million, more than double the $18.4 million reported in the first quarter of 2024. The company reiterated its full-year 2025 revenue guidance of $740 million to $760 million and raised its full-year adjusted EBITDA guidance to $190 million to $200 million, which matters to shareholders because profit is growing faster than revenue.
Revenue was $192.7 million, up 1% from $190.9 million in Q1 2024.
Net income was $37.7 million, or $0.27 per diluted share, versus $18.4 million, or $0.13 per diluted share, a year earlier.
Adjusted EBITDA was $56.0 million, compared with $33.3 million in Q1 2024.
Full-year 2025 adjusted EBITDA guidance is $190 million to $200 million; Q2 2025 revenue guidance is $184 million to $189 million.
IAC Inc. (NASDAQ: IAC) reported first-quarter 2025 results on May 5, 2025. Revenue fell 9% to $570.5 million from $624.3 million, and the company swung to a net loss attributable to shareholders of $216.8 million, or $2.64 per diluted share, from net earnings of $45.0 million a year earlier, mainly because of a $324.3 million unrealized loss on its MGM Resorts stake. Operating income rose to $35.8 million from a $63.4 million loss, and the company reiterated its full-year 2025 guidance.
Net loss attributable to IAC shareholders of $216.8 million, or $2.64 per diluted share, versus net earnings of $45.0 million, or $0.51 per diluted share, in Q1 2024
Unrealized loss of $324.3 million on the MGM Resorts investment; IAC held 64.7 million MGM shares worth $2.1 billion as of May 2, 2025
Adjusted EBITDA of $50.9 million versus $5.5 million a year earlier; free cash flow was negative $4.6 million
Repurchased 4.5 million shares for $200 million between February 12 and May 2, 2025; 9.2 million shares remained under the 10 million share authorization approved March 16, 2025
Dorman Products reported first-quarter 2025 results for the quarter ended March 29, 2025, with net sales of $507.7 million, up 8.3% from a year earlier, and diluted EPS of $1.87, up 78%. The company reaffirmed its full-year 2025 guidance, which excludes the impact of U.S. tariffs, and management said the tariffs are expected to have a significant impact on the motor vehicle aftermarket.
Net sales were $507.7 million, up 8.3% from $468.7 million, led by Light Duty segment sales of $408.8 million, up 14%.
Diluted EPS was $1.87 versus $1.05; adjusted diluted EPS was $2.02 versus $1.31, up 54%.
Full-year 2025 guidance reaffirmed: net sales growth of 3% to 5%, diluted EPS of $7.00 to $7.30, excluding tariffs.
Operating cash flow was $51 million; the company repaid $20 million of debt and repurchased $12 million of shares.
Ichor Holdings reported first quarter 2025 revenue of $244.5 million, up from $201.4 million a year earlier, and a GAAP net loss of $4.6 million, or $(0.13) per diluted share, compared with a $9.0 million loss a year earlier. The company said policy uncertainty has led it to take a more conservative view of second-quarter demand, and it guided to second-quarter revenue of $225 million to $245 million.
Q1 2025 revenue was $244.5 million, compared with $233.3 million in Q4 2024 and $201.4 million in Q1 2024.
GAAP diluted EPS was $(0.13) for Q1 2025, versus $(0.30) in Q1 2024; non-GAAP diluted EPS was $0.12.
Q2 2025 outlook: revenue of $225 million to $245 million and GAAP diluted EPS of $(0.06) to $0.04.
Cash and cash equivalents were $109.3 million at March 28, 2025, with operating cash flow of $19.0 million in the quarter.
Mattel reported first quarter 2025 net sales of $827 million, up 2% as reported, while its net loss widened to $40 million, an increase of $12 million from the prior year. The company paused its full-year 2025 guidance because of the volatile macro-economic environment and the evolving U.S. tariff situation, and it kept its $600 million share repurchase target for 2025, which matters to shareholders because no full-year outlook is currently provided.
Net sales were $827 million, up 2% as reported and 4% in constant currency.
Net loss was $40 million, or $0.12 per share, compared with a loss of $0.08 per share a year earlier; adjusted loss per share was $0.03 versus $0.05.
Mattel repurchased $160 million of shares in the quarter and maintained its $600 million share repurchase target for 2025.
Full-year 2025 guidance is paused until Mattel has sufficient visibility.
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