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).
Marcus & Millichap reported first-quarter 2025 revenue of $145.0 million, up 12.3% from a year earlier, and a net loss of $4.4 million, or $0.11 per diluted share, compared with a $10.0 million loss, or $0.26 per share, in the first quarter of 2024. The company said near-term market challenges are expected to extend through 2025, and it has not yet filed its quarterly report on Form 10-Q, so the results are preliminary. At its May 1 annual meeting, stockholders re-elected three directors and approved executive compensation, and the company will hold a say-on-pay vote every year.
Revenue rose to $145.0 million from $129.1 million; real estate brokerage commissions rose 12.9% to $123.6 million.
Net loss narrowed to $4.4 million ($0.11 per diluted share) from $10.0 million ($0.26 per diluted share).
Total operating expenses rose to $162.7 million from $149.2 million, and the operating loss narrowed to $17.7 million from $20.1 million.
At the May 1, 2025 annual meeting, George M. Marcus, George T. Shaheen and Don C. Watters were re-elected to terms ending in 2028, and Ernst & Young LLP was ratified as auditor for 2025.
LifeStance Health Group reported first-quarter 2025 revenue of $333.0 million, up 11% from $300.4 million a year earlier, and net income of $0.7 million compared with a net loss of $21.1 million in the prior-year quarter. The company reaffirmed its full-year 2025 guidance for revenue, Center Margin and Adjusted EBITDA, and gave second-quarter revenue guidance of $332 million to $352 million.
Q1 2025 revenue of $333.0 million, up 11%; Adjusted EBITDA of $34.6 million, up 25%
Net income of $0.7 million versus a net loss of $21.1 million in Q1 2024
Net cash used in operations was $3.1 million in Q1; cash ended the quarter at $134.3 million
Full-year 2025 guidance reiterated: revenue $1.40 billion to $1.44 billion; Adjusted EBITDA $130 million to $150 million
Avista Corp. reported first-quarter 2025 net income of $79 million, or $0.98 per diluted share, up from $71 million, or $0.91, a year earlier. The company confirmed its 2025 consolidated earnings guidance of $2.52 to $2.72 per diluted share. The results are in a press release dated May 7, 2025, furnished as Exhibit 99.1 to this 8-K.
Avista Utilities net income was $78 million, up from $67 million, with earnings of $0.97 per diluted share versus $0.86.
Electric utility margin increased by $28 million after tax, which the company attributed to general rate cases and customer growth.
2025 consolidated guidance of $2.52 to $2.72 per diluted share was confirmed, and the company expects new Oregon and Idaho rates to take effect in September if approved.
The company expects to issue $120 million of long-term debt and up to $80 million of common stock in 2025, including $16 million of stock issued in the first quarter.
Corpay reported first-quarter 2025 results on May 6, 2025, with revenue up 8% to $1,005.7 million and GAAP diluted earnings per share up 9% to $3.40, and it maintained its original 2025 outlook. The same day, it announced a definitive agreement with TPG to take AvidXchange private, with Corpay planning to invest $500 million alongside TPG. The acquisition commitment is significant for shareholders, and the filing describes the deal as a proposed investment.
Q1 2025 revenue was $1,005.7 million, up 8% from $935.3 million; net income attributable to Corpay was $243.2 million, up 6%.
GAAP diluted EPS was $3.40, up 9%; adjusted diluted EPS was $4.51, up 10%.
Full-year 2025 guidance was maintained, including total revenues of $4,380 million to $4,460 million and adjusted EPS of $20.80 to $21.20.
Corpay plans to invest $500 million, alongside TPG, to acquire AvidXchange Holdings (NASDAQ: AVDX).
Powell Industries reported fiscal 2025 second-quarter results for the period ended March 31, 2025, with revenue of $278.6 million, up 9%, and net income of $46.3 million, or $3.81 per diluted share, up 38% from a year earlier. The company also declared a quarterly cash dividend of $0.2675 per share, payable June 18, 2025, to shareholders of record on May 21, 2025.
Revenue of $278.6 million rose 9% from $255.1 million a year earlier; gross profit rose 33% to $83.4 million, or 29.9% of revenue.
Net income of $46.3 million, or $3.81 per diluted share, compared with $33.5 million, or $2.75 per diluted share, a year earlier.
Backlog was $1.3 billion as of March 31, 2025, essentially unchanged; new orders totaled $249 million.
Quarterly cash dividend of $0.2675 per share: record date May 21, 2025; payment date June 18, 2025.
Amentum reported results for the quarter ended March 28, 2025, with net income of $4 million compared with a loss of $41 million a year earlier. Pro forma revenue rose 1% to $3.49 billion and Adjusted EBITDA rose 3% to $268 million, while the company kept the midpoints of its fiscal 2025 guidance and narrowed its revenue range to $13.85 billion to $14.15 billion.
Q2 net income of $4 million, or $0.02 per diluted share, versus a loss of $41 million, or $0.46 per share, a year earlier
Pro forma revenue of $3,491 million, up 1%; Adjusted EBITDA of $268 million, up 3%; Adjusted diluted EPS of $0.53 versus $0.51
Fiscal 2025 guidance midpoints reaffirmed; revenue range narrowed to $13,850 million to $14,150 million from $13,800 million to $14,200 million
Free cash flow of $53 million in the quarter; backlog of $44.8 billion as of March 28, 2025
Lumentum reported fiscal third-quarter 2025 results for the quarter ended March 29, 2025, with net revenue up 16.0% year over year to $425.2 million. The GAAP net loss narrowed to $44.1 million, or $0.64 per diluted share, from $127.0 million, or $1.88 per share, a year earlier. The company also gave fiscal fourth-quarter guidance of $440 million to $470 million in net revenue and non-GAAP diluted EPS of $0.70 to $0.80.
Net revenue was $425.2 million, up 5.7% from $402.2 million in the prior quarter and up 16.0% from $366.5 million a year earlier.
GAAP net loss was $44.1 million ($0.64 per diluted share), compared with a net loss of $60.9 million in the prior quarter and $127.0 million a year earlier.
Non-GAAP diluted EPS was $0.57, compared with $0.42 in the prior quarter and $0.09 a year earlier.
Q4 fiscal 2025 guidance: net revenue of $440 million to $470 million and non-GAAP diluted EPS of $0.70 to $0.80; cash and short-term investments were $866.7 million at quarter end.
Horace Mann reported first-quarter 2025 net income of $38.2 million, or $0.92 per diluted share, up from $26.5 million, or $0.64, a year earlier, on total revenues of $416.4 million, up 7.9%. The company also updated its full-year 2025 core earnings per share guidance to $3.85 to $4.15 to reflect a change in its core earnings definition, and appointed Maureen Temchuk as Controller and Chief Accounting Officer effective May 5, 2025.
Net income was $38.2 million, or $0.92 per diluted share, versus $26.5 million, or $0.64, in the first quarter of 2024.
Total revenues were $416.4 million, up 7.9% from $386.0 million.
Core earnings were $44.7 million, or $1.07 per diluted share, versus $25.8 million, or $0.62, a year earlier (non-GAAP).
Full-year 2025 core EPS guidance is $3.85 to $4.15, updated to reflect a change in the core earnings definition; Maureen Temchuk was appointed Controller and Chief Accounting Officer on May 5, 2025.
United Fire Group reported first quarter 2025 results, with net income up 31% to $17.7 million ($0.67 per diluted share) and net written premium up 4% to a record $335.4 million. The combined ratio rose 0.5 points to 99.4%, mainly due to a higher underwriting expense ratio, while the underlying loss ratio improved.
Net income rose 31% to $17.7 million ($0.67 per diluted share) from $13.5 million in the first quarter of 2024.
Adjusted operating income rose 27% to $18.3 million ($0.70 per diluted share).
The combined ratio rose 0.5 points to 99.4%; the underwriting expense ratio rose 3.0 points to 37.9%, mainly from non-recurring costs tied to a new policy administration system.
Book value per share was $32.13 as of March 31, 2025, up from $30.80 at December 31, 2024.
Qualys reported first-quarter 2025 revenue of $159.9 million, up 10% from a year earlier, and GAAP net income of $47.5 million, or $1.29 per diluted share, up from $1.05. The company raised its full-year 2025 revenue and per-share earnings guidance, which is a positive signal for shareholders, though the filing notes that reconciling items are likely to significantly affect GAAP earnings.
Q1 2025 revenue was $159.9 million, up 10% from $145.8 million in Q1 2024.
GAAP diluted EPS was $1.29 vs. $1.05 a year earlier; non-GAAP diluted EPS was $1.67 vs. $1.45.
Full-year 2025 revenue guidance is $648.0 million to $657.0 million, up from a prior range of $645.0 million to $657.0 million.
Full-year 2025 GAAP EPS guidance is $4.27 to $4.57, up from $3.62 to $4.02; non-GAAP EPS guidance is $6.00 to $6.30, up from $5.50 to $5.90.
Astera Labs reported first-quarter 2025 results for the period ended March 31, 2025, with revenue of $159.4 million, up 13% from the prior quarter and 144% from a year earlier. GAAP net income was $31.8 million, or $0.18 per diluted share, compared with a net loss of $93.0 million a year earlier. The company also guided second-quarter revenue to $170 million to $175 million, which would extend growth for shareholders if achieved.
Q1 2025 revenue of $159.4 million, up 13% sequentially and 144% year-over-year
GAAP net income of $31.8 million and diluted EPS of $0.18, versus a net loss of $93.0 million and EPS of $(1.77) in Q1 2024
Non-GAAP diluted EPS of $0.33 for Q1 2025
Q2 2025 outlook: revenue of $170 million to $175 million; GAAP diluted EPS of $0.10 to $0.11
Gen Digital reported GAAP results for fiscal 2025, which ended March 28, 2025, with revenue of $3,935 million, up 4%, and diluted EPS of $1.03, up 9%. The company guided fiscal 2026 non-GAAP revenue to $4,700 million to $4,800 million and EPS to $2.46 to $2.54, and its board approved a $0.125 quarterly dividend. Shareholders get a clear view of growth and the outlook, though results include a $66 million legal contract dispute charge.
Fiscal 2025 GAAP revenue was $3,935 million, up 4%, and GAAP operating income was $1,610 million, up 45%.
Fiscal 2026 guidance: revenue of $4,700 million to $4,800 million and non-GAAP EPS of $2.46 to $2.54.
Q4 fiscal 2025 GAAP revenue was $1,010 million, up 5%, and diluted EPS was $0.23, up 11%.
Quarterly dividend of $0.125 per share is payable June 11, 2025, to holders of record on May 19, 2025.
Grand Canyon Education reported first quarter 2025 results on May 6, 2025. Service revenue rose 5.3% to $289.3 million and diluted EPS rose to $2.52 from $2.29, while operating margin slipped to 30.4% from 30.8%. The company also issued quarterly and full-year 2025 outlooks, with full-year diluted EPS guidance of $8.36 to $8.70.
Service revenue of $289.3 million, up 5.3% from $274.7 million; partner enrollments rose 5.8% to 127,779.
Net income of $71.6 million, up 5.3%; diluted EPS of $2.52 vs. $2.29 (as adjusted $2.57 vs. $2.35).
Operating income of $88.0 million, up 4.2%; operating margin 30.4% vs. 30.8%.
Full-year 2025 outlook: service revenue of $1,079.8 million to $1,099.8 million; diluted EPS of $8.36 to $8.70.
eXp World Holdings reported first-quarter 2025 revenue of $954.9 million, up 1% from a year earlier, and a net loss of $11.0 million, narrower than the $15.6 million net loss in the first quarter of 2024. Agent and broker count and transaction volume declined, and the company's board declared a $0.05 per share quarterly cash dividend.
Revenue rose 1% to $954.9 million; net loss was $11.0 million, or $(0.07) per diluted share, versus $(0.10) a year earlier.
Adjusted EBITDA, a non-GAAP measure, was $2.2 million, down from $11.0 million in the first quarter of 2024.
Agents and brokers fell 5% to 81,904 and real estate sales transactions fell 2% to 89,643, while sales volume rose 4% to $38.6 billion.
The $0.05 dividend is payable June 4, 2025 to holders of record May 19, 2025 per the press release; the Item 7.01 text gives May 30 and May 12 instead.
Mercury Systems reported third-quarter fiscal 2025 results for the period ended March 28, 2025. Revenue rose to $211.4 million from $208.3 million a year earlier, and the GAAP net loss narrowed to $19.2 million from $44.6 million, while adjusted EPS moved to $0.06 from a loss of $0.26 per share.
Revenue was $211.4 million, compared with $208.3 million in the third quarter of fiscal 2024.
GAAP net loss was $19.2 million, or $0.33 per share, versus $44.6 million, or $0.77 per share, a year earlier.
Adjusted EPS was $0.06 versus $(0.26), and adjusted EBITDA was $24.7 million versus $(2.4) million.
Free cash flow was $24.1 million versus $(25.7) million; bookings were $200.4 million, with a quarterly book-to-bill ratio of 0.95.
XPEL reported first-quarter 2025 revenue of $103.8 million, up 15.2%, and net income of $8.6 million, up 28.8%, with EPS of $0.31 versus $0.24. The board authorized a stock repurchase of up to $50 million, and the company expects second-quarter 2025 revenue of approximately $117 million to $119 million. The results are preliminary and unaudited until the Form 10-Q, expected on or before May 9, 2025.
Revenue rose 15.2% to $103.8 million; net income rose 28.8% to $8.6 million
Diluted EPS was $0.31 versus $0.24 in the first quarter of 2024
Board authorized repurchases of up to $50 million of common stock
Company expects second-quarter 2025 revenue of approximately $117 million to $119 million
Krystal Biotech reported first-quarter 2025 results, with product revenue of $88.2 million, up from $45.3 million a year earlier, and net income of $35.7 million, or $1.20 per diluted share, compared with $0.9 million in the prior-year quarter. The company also gave full-year 2025 non-GAAP R&D and SG&A expense guidance of $150.0 million to $175.0 million, and it reported $765.3 million in cash and investments.
Product revenue, net: $88.2 million in Q1 2025 versus $45.3 million in Q1 2024
Net income: $35.7 million ($1.24 basic, $1.20 diluted per share) versus $0.9 million ($0.03 per share) in Q1 2024
FY 2025 non-GAAP R&D and SG&A expense guidance: $150.0 million to $175.0 million, excluding stock-based compensation
Cash, cash equivalents, and investments: $765.3 million as of March 31, 2025
Harmony Biosciences reported first-quarter 2025 results, with WAKIX net product revenue of $184.7 million, up 20% from $154.6 million a year earlier, and GAAP net income of $45.6 million, or $0.78 per diluted share, versus $0.67 a year earlier. The company reaffirmed its full-year 2025 net product revenue guidance of $820 million to $860 million, and the filing also includes an investor presentation posted to its website.
Q1 2025 net product revenue $184.7 million, up 20% from $154.6 million in Q1 2024
GAAP net income $45.6 million, or $0.78 per diluted share, versus $0.67 in Q1 2024
Full-year 2025 net product revenue guidance of $820 million to $860 million reaffirmed, not changed
Total operating expenses rose 29% to $96.5 million, led by a 56% rise in R&D to $34.5 million; cash and investments were $610.2 million at March 31, 2025
Novanta reported first-quarter 2025 results, with GAAP revenue up 1.1% to $233.4 million and GAAP net income up 45% to $21.2 million. The company reiterated its full-year 2025 Adjusted EBITDA guidance and gave second-quarter guidance, while noting limited visibility beyond the second quarter due to trade policy changes.
GAAP diluted EPS was $0.59 versus $0.41 a year earlier; Adjusted Diluted EPS was flat at $0.74
Adjusted EBITDA rose 1% to $50.0 million; operating cash flow was $31.7 million versus $32.8 million
Q2 2025 guidance: GAAP revenue of $230 million to $240 million and Adjusted EBITDA of $50 million to $55 million
Company plans cost containment actions by quarter-end targeting approximately $20 million in annualized savings
WEC Energy Group reported first-quarter 2025 net income attributed to common shareholders of $724.2 million, or $2.27 per diluted share, up from $622.3 million, or $1.97 per share, a year earlier. Revenue rose to $3.1 billion, up $469.3 million, and the company reaffirmed its 2025 earnings guidance of $5.17 to $5.27 per share, assuming normal weather for the rest of the year.
Net income attributed to common shareholders was $724.2 million, or $2.27 per diluted share, versus $622.3 million, or $1.97 per share, in the first quarter of 2024.
Consolidated revenues totaled $3.1 billion, up $469.3 million from a year earlier.
The company reaffirmed 2025 earnings guidance of $5.17 to $5.27 per share, assuming normal weather for the remainder of the year.
Natural gas deliveries in Wisconsin, excluding power generation use, rose 15.5 percent; on a weather-normal basis they were 0.5 percent lower.
DoorDash reported first-quarter 2025 results, with revenue up 21% year over year to $3.0 billion and GAAP net income attributable to common stockholders of $193 million, compared with a loss of $23 million a year earlier. The company also agreed to acquire SevenRooms for about $1.2 billion in cash and made a recommended final offer for Deliveroo, which it expects to close in Q4 2025, subject to approvals, so the deals could shape shareholder dilution and spending in the coming quarters.
Total Orders rose 18% to 732 million and Marketplace GOV rose 20% to $23.1 billion in Q1 2025.
Q2 2025 outlook: Marketplace GOV of $23.3 billion to $23.7 billion and Adjusted EBITDA of $600 million to $650 million.
SevenRooms acquisition for approximately $1.2 billion in an all-cash deal, expected to close in the second half of 2025.
Deliveroo offer at 180 pence per share, equal to an equity value of £2.9 billion, expected to close in Q4 2025.
Enpro reported first-quarter 2025 results for the period ended March 31, 2025, with sales rising 6.1% to $273.2 million and net income nearly doubling to $24.5 million. The company maintained its full-year 2025 guidance, including adjusted EBITDA of $262 million to $277 million and adjusted diluted earnings per share of $7.00 to $7.70.
Sales of $273.2 million, up 6.1%; organic sales up 6.0%
Net income of $24.5 million vs. $12.5 million; diluted EPS of $1.15 vs. $0.59
Adjusted diluted EPS of $1.90, up 21.0% from $1.57; adjusted EBITDA of $67.8 million, up 16.1%
Full-year 2025 guidance maintained: adjusted EBITDA $262 million to $277 million; adjusted diluted EPS $7.00 to $7.70
LCI Industries reported first quarter 2025 net sales of $1.05 billion, up 8% year over year, and net income of $49.4 million, or $1.94 per diluted share, up 35% from a year earlier. Adjusted net income, excluding a $8.1 million loss on debt extinguishment, was $2.19 per diluted share, up 52%. Revenue and profit both rose, which supports the company's results, though the Aftermarket segment's operating profit fell.
Net sales of $1,045.6 million, up 8% from $968.0 million; OEM segment sales up $65.2 million
Net income $49.4 million, or $1.94 per diluted share, versus $1.44 a year earlier
Aftermarket segment operating profit fell $5.4 million to $19.3 million, with margin down to 8.7% from 11.8%
April 2025 consolidated net sales were approximately $392 million, up 3% from April 2024
Zoetis reported first-quarter 2025 revenue of $2.2 billion, up 1% on a reported basis and 9% on an organic operational basis, and net income of $631 million, or $1.41 per diluted share. The company raised its full-year 2025 revenue and adjusted diluted EPS guidance, but lowered its organic operational growth outlook for adjusted net income to 5% to 7% due to enacted tariffs.
Q1 2025 net income was $631 million, or $1.41 per diluted share, up 5% and 8% on a reported basis; adjusted diluted EPS was $1.48.
Full-year 2025 revenue guidance raised to $9.425 billion to $9.575 billion from $9.225 billion to $9.375 billion, reflecting foreign exchange.
Adjusted diluted EPS guidance raised to $6.20 to $6.30 from $6.00 to $6.10, reflecting foreign exchange and enacted tariffs.
Organic operational growth guidance for adjusted net income cut to 5% to 7% from 6% to 8%, reflecting enacted tariffs.
DigitalOcean reported first quarter 2025 revenue of $211 million, up 14% year-over-year, and net income of $38 million, up 170%. It also entered a new five-year credit agreement on May 5, 2025, that replaces its 2022 credit facility and provides a $300 million revolver and a $500 million delayed draw term loan, which may be used only to refinance its 0% convertible notes due 2026.
Q1 2025 revenue was $211 million, up 14% year-over-year; diluted net income per share was $0.39.
Adjusted free cash flow was negative $821 thousand, compared with $34 million in the first quarter of 2024.
Q2 2025 revenue guidance is $215.5 million to $217.5 million; full-year 2025 revenue outlook of $870 million to $890 million was reiterated.
The credit agreement matures on the fifth anniversary of May 5, 2025, with a springing maturity tied to the 2026 convertible notes.
SolarEdge reported first-quarter 2025 results for the period ended March 31, 2025, with revenue of $219.5 million, up from $204.4 million a year earlier, and a GAAP net loss of $98.5 million, down from $157.3 million. The company also guided second-quarter 2025 revenue to $265 million to $285 million, with non-GAAP gross margin of 8% to 12%, and said it generated positive free cash flow for a second straight quarter.
Q1 2025 revenue was $219.5 million, compared with $204.4 million in Q1 2024 per the statement of loss, and GAAP gross margin was 8.0% versus negative 57.2% in the prior quarter.
GAAP net loss was $98.5 million, or $1.70 per share, compared with a net loss of $287.4 million in the prior quarter.
Cash provided by operating activities was $33.8 million, and free cash flow excluding discontinued operations at Kokam was $19.8 million.
Q2 2025 guidance: revenues of $265 million to $285 million, non-GAAP gross margin of 8% to 12%, and non-GAAP operating expenses of $90 million to $95 million.
FIS reported first-quarter 2025 GAAP revenue of about $2.5 billion, up 3%, and adjusted EPS of $1.21, up 11% from the prior-year period. Adjusted EBITDA margin contracted 142 basis points to 37.8%, which the company attributed to high license and termination fee revenue in the prior-year period. The company reiterated its full-year 2025 outlook, introduced second-quarter guidance, and reaffirmed a goal of repurchasing about $1.2 billion of shares in 2025.
Adjusted EPS of $1.21 rose 11% from $1.09; GAAP diluted EPS was $0.15, on net earnings of $77 million attributable to FIS
GAAP revenue rose 3% to $2,532 million; adjusted EBITDA margin fell to 37.8% from 39.3%
Full-year 2025 outlook reiterated: revenue of $10,435 million to $10,495 million and adjusted EPS of $5.70 to $5.80; second-quarter adjusted EPS guidance of $1.34 to $1.38
Repurchased $450 million of shares in the first quarter and reiterated a goal of about $1.2 billion of repurchases in 2025
UL Solutions reported first-quarter 2025 revenue of $705 million, up 5.2%, with 7.6% organic growth, and net income of $71 million, up 18.3%. The company affirmed its full-year 2025 outlook, which includes mid single digit constant currency organic revenue growth and Adjusted EBITDA margin improvement to approximately 24%.
Revenue of $705 million vs. $670 million a year earlier, up 5.2%; organic growth 7.6%
Net income of $71 million vs. $60 million; diluted EPS $0.33 vs. $0.28
Adjusted EBITDA of $161 million, up 22.9%; margin 22.8% vs. 19.6%
2025 outlook affirmed, including Adjusted EBITDA margin improvement to approximately 24%
Marriott International reported first quarter 2025 results, with reported net income up 18% to $665 million and adjusted diluted EPS of $2.32 versus $2.13 a year earlier. The company also gave full-year 2025 adjusted diluted EPS guidance of $9.82 to $10.19, and said its updated outlook includes somewhat softer expectations in the U.S. & Canada region.
Reported diluted EPS was $2.39 versus $1.93 in the first quarter of 2024; adjusted diluted EPS was $2.32 versus $2.13.
Worldwide RevPAR rose 4.1%, with 3.3% growth in the U.S. & Canada and 5.9% in international markets.
Full-year 2025 adjusted diluted EPS is guided to $9.82 to $10.19, and capital return to shareholders is expected to be approximately $4,000 million.
Repurchased 2.8 million shares for $0.8 billion in the first quarter; the first quarter reported EPS included a $71 million income tax special item.
Aramark reported second-quarter fiscal 2025 results for the quarter ended March 28, 2025, with revenue up 2% year-over-year to $4.3 billion and operating income up 9% to $174 million. The company reaffirmed its full-year fiscal 2025 outlook for organic revenue, Adjusted Operating Income, Adjusted EPS and leverage, which matters to shareholders because the headline profit and per-share measures improved and guidance was not cut.
Revenue $4.3 billion, up 2%; organic revenue up 3%; the currency translation effect reduced revenue by $51 million
GAAP diluted EPS $0.23, up from $0.20; Adjusted EPS $0.34, up 22% on a constant currency basis
Operating income $174 million, up 9%; Adjusted Operating Income $205 million, up 11% on a constant currency basis
Fiscal 2025 outlook reaffirmed: organic revenue growth of 7.5% to 9.5%, Adjusted Operating Income growth of 15% to 18%, Adjusted EPS growth of 23% to 28%; repurchased nearly $140 million of stock under a $500 million program
Waters reported first-quarter 2025 sales of $662 million, up 4% as reported and 7% in constant currency, and GAAP diluted EPS of $2.03 versus $1.72 a year earlier. The company raised its full-year 2025 non-GAAP EPS guidance to $12.75 to $13.05 and its constant currency sales growth guidance to 5.0% to 7.0%, which matters to shareholders because it signals higher expected earnings for the year.
Q1 2025 sales were $662 million, compared with $637 million in Q1 2024.
GAAP diluted EPS was $2.03 versus $1.72; non-GAAP EPS was $2.25, up 2% from $2.21.
Full-year 2025 non-GAAP EPS guidance raised to $12.75 to $13.05; reported sales growth guidance raised to 4.0% to 6.0%.
Second-quarter 2025 non-GAAP EPS is expected at $2.88 to $2.98.
Gartner reported first-quarter 2025 results for the three months ended March 31, 2025, with revenue of $1.5 billion, up 4.2% as reported, and diluted EPS of $2.71, up 1.5%. The company also said it updated its financial outlook for full-year 2025, but the filing text does not state the revised figures, which are in the earnings supplement.
Revenues $1,534 million, up 4.2% as reported and 5.7% FX neutral; contract value $5.1 billion, up 6.7% FX neutral
Diluted EPS $2.71 (up 1.5%) and adjusted EPS $2.98 (up 1.7%); net income $211 million, up 0.2%
Operating cash flow $314 million (up 66.0%); free cash flow $288 million (up 73.3%)
Updated full-year 2025 outlook was announced, with details in the earnings supplement; webcast set for 8:00 a.m. Eastern on May 6, 2025
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Briefs marked “Written later” were written in November 2026 for filings that were by then more than three weeks old, so months before mid-October 2026 hold a selection: every material 8-K of the past year for the 100 largest companies we cover and the last 15 important 8-Ks of every other one. Briefs the number check holds back are not shown or counted. Also: the last 45 days, briefs by company, A–Z and the live SEC filings wire.