1,086 material Form 8-K filings that 883 companies we cover made with the SEC in July 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).
Ares Management reported second quarter 2025 results, with GAAP net income attributable to the company of $137.1 million, or $0.46 per share, compared with $94.9 million a year earlier. Total revenues rose to $1.35 billion from $788.7 million, and fee related earnings grew 26% to $409.1 million. The company also declared a $1.12 quarterly dividend per Class A share, payable September 30, 2025.
GAAP net income attributable to Ares Management was $137.1 million, or $0.46 per share, versus $94.9 million, or $0.43 per share, in the second quarter of 2024.
Total revenues were $1.35 billion, compared with $788.7 million a year earlier.
Fee related earnings were $409.1 million, up 26%; after-tax realized income was $1.03 per share, versus $0.99 a year earlier.
Quarterly dividend of $1.12 per Class A share is payable September 30, 2025, to holders of record as of September 16, 2025.
Dorian LPG reported results for the quarter ended June 30, 2025, with revenues down 26.4% to $84.2 million and net income down to $10.1 million, or $0.24 per diluted share, from $51.3 million, or $1.25, a year earlier. The company also declared an irregular dividend of $0.60 per share, about $25.6 million in total, payable on or about August 27, 2025 to holders of record on August 12, 2025, though the company states that future dividends are at the discretion of its board.
Revenues were $84.2 million, down $30.1 million, or 26.4%, from $114.3 million, mainly due to lower average TCE rates and fewer available days.
Net income was $10.1 million, or $0.24 per diluted share, versus $51.3 million, or $1.25 per share, in the same quarter of 2024.
TCE rate per available day was $39,726, down 20.9% from $50,243; general and administrative expenses rose 62.2% to $16.9 million.
Irregular dividend of $0.60 per share (about $25.6 million), payable on or about August 27, 2025 to shareholders of record as of August 12, 2025.
AES reported a second-quarter 2025 GAAP net loss of $150 million, compared with net income of $153 million a year earlier, mainly due to higher day-one losses on sales-type leases and higher income tax expense. Non-GAAP adjusted EBITDA rose to $681 million and adjusted EPS rose to $0.51, and the company reaffirmed its 2025 guidance, which matters to shareholders because the GAAP loss and lower revenue sit alongside improved adjusted measures.
Q2 2025 diluted EPS was ($0.15), compared with $0.39 in Q2 2024; revenue was $2,855 million, compared with $2,942 million
Adjusted EBITDA was $681 million, compared with $658 million, and adjusted EPS was $0.51, compared with $0.38
2025 guidance reaffirmed: Adjusted EBITDA of $2,650 million to $2,850 million and Adjusted EPS of $2.10 to $2.26
Quarterly dividend of $0.17595 expected to be maintained; AES Indiana filed a rate review petition in June 2025
Federated Hermes reported second quarter 2025 earnings of $1.16 per diluted share, up from $0.20 a year earlier, on revenue of $424.8 million, up 6%. The prior-year quarter included a $66.3 million impairment charge, and compared with the first quarter of 2025, EPS fell 7% and revenue was flat. The board also declared a $0.34 per share dividend and approved a new buyback of up to 5 million shares.
Q2 2025 net income was $91.0 million, compared with $21.0 million in Q2 2024, which included a $66.3 million non-cash impairment.
Total managed assets were a record $845.7 billion at June 30, 2025, up 8% from a year earlier and up 1% from March 31, 2025.
Quarterly dividend of $0.34 per share is payable Aug 15, 2025 to holders of record as of Aug 8, 2025.
The board authorized an 18th share repurchase program of up to 5 million additional Class B shares with no expiration date.
Arthur J. Gallagher & Co. reported second-quarter 2025 results, with total revenues before reimbursements of $3.18 billion, up from $2.74 billion a year earlier, and diluted EPS of $1.40 versus $1.27. Adjusted diluted EPS was $2.33 against $2.29, and the company said it expects the pending AssuredPartners acquisition to close in the third quarter of 2025. A separate CFO Commentary, made available with the release, includes estimates for 2025 and other future results.
Total revenues before reimbursements were $3,177.9 million vs. $2,736.0 million in Q2 2024.
Net earnings (as reported) were $366.2 million vs. $285.4 million; diluted EPS was $1.40 vs. $1.27.
Adjusted diluted EPS (non-GAAP) was $2.33 vs. $2.29 in Q2 2024.
The AssuredPartners acquisition, agreed December 7, 2024 for approximately $13.45 billion, is expected to close in Q3 2025.
AptarGroup reported second-quarter 2025 results on July 31, 2025, with reported sales up 6% to $966 million and diluted EPS of $1.67, up from $1.34 a year earlier. Its third-quarter adjusted EPS guidance of $1.53 to $1.61 is roughly flat against the $1.54 reported for the same quarter of 2024, including 6 to 7 cents of higher legal fees. Shareholders see stronger quarterly profit, while the filing points to little year-over-year EPS growth in the third quarter.
Q2 reported net income rose 24% to $112 million; adjusted EBITDA rose 13% to $218 million.
Q2 adjusted EPS was $1.66, up 18% from $1.41 a year earlier.
Q3 2025 adjusted EPS guidance is $1.53 to $1.61, compared with $1.54 in Q3 2024, and includes about 6 to 7 cents of higher legal fees.
Aptar returned $100 million to shareholders in Q2; the quarterly dividend of $0.45 per share is payable August 14, 2025.
Leggett & Platt reported second-quarter 2025 sales of $1.1 billion, down 6% from a year earlier, while adjusted EPS of $0.30 rose $0.01 and reported EPS was $0.38 versus a loss of $4.39 in the prior-year quarter. The company reaffirmed its full-year sales and adjusted EPS guidance and narrowed its reported EPS range to $0.88–$1.17 from $0.85–$1.26, while reducing debt by $143 million in the quarter.
Trade sales were $1,058.0 million, down 6%, with volume down 7% on soft residential, automotive and hydraulic cylinder demand.
Adjusted EPS was $0.30 versus $0.29 a year earlier; reported EPS was $0.38 versus a loss of $4.39 in 2Q 2024, which included a $675 million non-cash goodwill impairment.
Debt was reduced by $143 million; net debt to trailing 12-month adjusted EBITDA was 3.5x, and the credit facility was reduced to $1.0 billion from $1.2 billion with maturity extended to July 2030.
Full-year 2025 sales guidance of $4.0–$4.3 billion and adjusted EPS guidance were maintained; the Aerospace business sale is expected to close this year.
MasTec reported second quarter 2025 revenue of $3.5 billion, up 20% from a year earlier, and GAAP diluted earnings per share of $1.09, up from $0.43. The company raised its full year 2025 diluted EPS guidance midpoint to $4.71 and adjusted diluted EPS guidance midpoint to $6.33, which indicates higher expected earnings for shareholders.
Q2 2025 revenue was $3,545 million versus $2,961 million in Q2 2024, a 19.7% increase; Pipeline Infrastructure revenue fell 5.7%.
Q2 2025 adjusted diluted EPS was $1.49 versus $1.00 a year earlier; GAAP net income was $90.1 million.
Full year 2025 guidance: revenue of $13.9 billion to $14.0 billion and GAAP diluted EPS of $4.61 to $4.82.
Six-month free cash flow was $(0.4) million, compared with $346.4 million in the prior-year period.
Quaker Houghton reported second-quarter 2025 net sales of $483.4 million, up 4% from a year earlier, but posted a net loss of $66.6 million, or $3.78 per diluted share, driven by an $88.8 million non-cash goodwill impairment tied to its EMEA segment. Non-GAAP earnings per diluted share fell to $1.71 from $2.13, and management expects a stronger second half with full-year 2025 revenue and earnings in the range of 2024.
Net sales rose 4% to $483.4 million from $463.6 million, with organic sales volumes up 2%.
Net loss of $66.6 million, or $3.78 per diluted share, compared with net income of $34.9 million a year earlier.
Non-GAAP earnings per diluted share were $1.71 versus $2.13; adjusted EBITDA was $75.5 million, down about 10%.
Management expects full-year 2025 revenue and earnings in the range of 2024 and about $20 million of run-rate cost savings by the end of 2026.
Ameren reported second quarter 2025 net income attributable to common shareholders of $275 million, or $1.01 per diluted share, up from $258 million, or $0.97 per diluted share, a year earlier. Total operating revenues were $2,221 million, up from $1,693 million, and the company reaffirmed its 2025 diluted EPS guidance range of $4.85 to $5.05 per share, saying it is well positioned to land in the top half of that range.
Q2 2025 diluted EPS was $1.01 versus $0.97 in Q2 2024; net income was $275 million versus $258 million.
Q2 2025 total operating revenues were $2,221 million versus $1,693 million in Q2 2024.
Ameren reaffirmed 2025 diluted EPS guidance of $4.85 to $5.05 and said it is well positioned for earnings in the top half of the range, assuming normal temperatures for the last six months of the year.
Ameren Missouri Q2 2025 earnings were $150 million, compared with $128 million a year earlier, reflecting new electric rates effective June 1, 2025.
Ingersoll Rand reported second quarter 2025 revenue of $1,888 million, up 5%, and raised its full-year 2025 revenue, Adjusted EBITDA and Adjusted EPS guidance. The company also reported a net loss attributable to Ingersoll Rand of $115 million, or $0.29 per share, driven by $265.8 million of non-cash impairments that it says do not affect adjusted earnings. For shareholders, the higher guidance is offset by the reported loss and by Adjusted EPS of $0.80, down from $0.83 a year earlier.
Revenue of $1,888 million, up 5%; orders of $1,940 million, up 8%
Reported net loss attributable to Ingersoll Rand of $115 million, or $0.29 per share, including $265.8 million of goodwill and intangible asset impairments
Adjusted EPS of $0.80 versus $0.83 a year earlier; Adjusted EBITDA of $509 million, up 3%
2025 guidance raised: Adjusted EBITDA of $2,100 million to $2,160 million and Adjusted EPS of $3.34 to $3.46
Camden Property Trust reported second-quarter 2025 EPS of $0.74, up from $0.40 a year earlier, but the filing says about $0.43 per share came from a gain on sale of an operating property. Core FFO per diluted share was $1.70, down from $1.71, and the company raised its 2025 Core FFO guidance to $6.76 to $6.86 from a prior midpoint of $6.78.
Q2 2025 EPS $0.74 vs. $0.40 in Q2 2024; EPS included about $0.43 per share from a gain on sale of an operating property
Q2 2025 Core FFO $1.70 vs. $1.71 a year earlier; Core AFFO $1.43 vs. $1.44
Q2 2025 property revenues $396.5 million vs. $387.2 million in Q2 2024
2025 Core FFO guidance $6.76 to $6.86 (midpoint $6.81, up $0.03); 2025 EPS guidance $2.33 to $2.43
WillScot reported second quarter 2025 results on July 31, 2025. Revenue fell to $589 million from $605 million a year earlier, and Adjusted EBITDA fell to $249 million from $264 million, while GAAP net income turned to $48 million from a $47 million loss that included a prior-year impairment charge. The company narrowed its 2025 revenue outlook to $2,300 million to $2,350 million and its Adjusted EBITDA outlook to $1,000 million to $1,020 million, citing its view of second half demand.
Q2 2025 revenue $589 million vs. $605 million in Q2 2024; diluted EPS $0.26 vs. a loss of $0.25 a year earlier
Adjusted diluted EPS $0.27 vs. $0.39 in Q2 2024; Adjusted EBITDA $249 million at a 42.3% margin vs. 43.6%
2025 outlook narrowed: revenue $2,300 million to $2,350 million; Adjusted EBITDA $1,000 million to $1,020 million; Adjusted Free Cash Flow $500 million to $550 million
Q2 Adjusted Free Cash Flow $130 million; about $134 million spent on tuck-in acquisitions and $53 million returned to shareholders
World Kinect reported a GAAP net loss attributable to the company of $339 million, or $6.06 per diluted share, for the second quarter of 2025, compared with net income of $108 million, or $1.81 per share, a year earlier. The loss reflects $367 million of non-cash Land segment intangible asset impairments, including $359 million of goodwill, and an $82 million pre-tax loss on the sale of its U.K. land fuels business, while revenue fell 18% to $9.04 billion and adjusted diluted EPS rose 23% to $0.59.
Revenue was $9.04 billion, down 18% from $10.97 billion a year earlier; gross profit was $232 million, down 5%.
GAAP net loss attributable to World Kinect was $339 million, or $6.06 per diluted share, versus net income of $108 million, or $1.81 per share, in the second quarter of 2024.
Adjusted diluted EPS was $0.59, up 23% from $0.48; the company repurchased $35 million of common stock in the quarter.
The Land segment recorded $367 million of intangible asset impairments, and the U.K. land fuels business sale was completed on April 9, 2025.
Eversource Energy reported second-quarter 2025 earnings of $352.7 million, or $0.96 per share, up from $335.3 million, or $0.95 per share, a year earlier, and reaffirmed its 2025 EPS projection of $4.67 to $4.82. Transmission, electric distribution, natural gas and water segments all earned more, while a larger parent and other companies loss offset part of the gain. Shareholders get a modest year-over-year improvement with guidance unchanged.
Q2 2025 earnings were $352.7 million, or $0.96 per share, versus $335.3 million, or $0.95 per share, in Q2 2024
First half 2025 earnings were $903.5 million, or $2.45 per share, versus $857.2 million, or $2.43 per share, in the first half of 2024
2025 EPS projection of $4.67 to $4.82 and long-term EPS growth of 5% to 7% were reaffirmed
Parent and other companies loss widened to $66.5 million in Q2 2025 from $38.5 million, mainly due to higher interest expense after the sale of offshore wind projects
Eastman Chemical reported second-quarter 2025 sales of $2.29 billion, down 3% from a year earlier, and adjusted earnings per diluted share of $1.60 versus $2.15. Lower volumes in Fibers, Chemical Intermediates and Advanced Materials drove the decline, and the company projected third-quarter adjusted EPS of about $1.25 and full-year operating cash flow of about $1 billion, with inventory reduction expected to weigh on earnings in the second half.
Q2 2025 sales $2,287 million vs. $2,363 million in Q2 2024; GAAP diluted EPS $1.20 vs. $1.94
Adjusted EBIT $275 million vs. $353 million; operating cash flow $233 million vs. $367 million
Third-quarter 2025 adjusted EPS projected at about $1.25; full-year operating cash flow expected at about $1 billion
Plans to cut inventory by more than $200 million, with a $75 million to $100 million earnings headwind in the back half of 2025
DXC Technology reported first quarter fiscal 2026 revenue of $3.16 billion, down 2.4% year over year, and diluted EPS of $0.09, down 35.7%. The company raised its full-year fiscal 2026 non-GAAP diluted EPS guidance to $2.85 to $3.35 from $2.75 to $3.25, while revenue and reported profit declined for the quarter.
Total revenue was $3.16 billion, down 2.4% year over year and down 4.3% on an organic basis
Diluted EPS was $0.09 versus $0.14 a year earlier; non-GAAP diluted EPS was $0.68, down 9.3%
Full-year fiscal 2026 non-GAAP diluted EPS guidance raised to $2.85 to $3.35 from $2.75 to $3.25
Bookings were $2.8 billion, up 14% year over year, and the company repurchased $50 million of shares
Park Hotels & Resorts reported a second-quarter 2025 net loss of $2 million, compared with net income of $67 million a year earlier, as total revenues fell 2.0% to $672 million and Adjusted EBITDA declined to $183 million from $193 million. The company also cut its full-year 2025 outlook for comparable RevPAR and net income, while lowering its net loss range, which matters to shareholders because it signals weaker near-term earnings.
Q2 2025 net loss was $2 million, or $(0.02) per diluted share, versus net income of $67 million, or $0.30 per diluted share, in Q2 2024
Adjusted EBITDA was $183 million, down 5.2%, and diluted Adjusted FFO per share was $0.64, down from $0.65
Full-year 2025 comparable RevPAR outlook was lowered to a range of (2.0)% to 0.0% from (1.0)% to 2.0%, and net loss outlook was set at $(53) million to $(3) million versus $(10) million to $50 million previously
Park sold the Hyatt Centric Fisherman's Wharf for $80 million and will permanently close the Embassy Suites Kansas City Plaza in the third quarter of 2025
Cavco reported fiscal first quarter results for the period ended June 28, 2025, with net revenue of $557 million, up 16.6%, mainly on higher home sales volume. Net income rose 50% to $51.6 million, and diluted earnings per share were $6.42 compared with $4.11 a year earlier, which shows improvement in both headline profit measures for shareholders.
Net revenue was $557 million, up 16.6% from $478 million, with factory-built homes sold up 14.7%.
Diluted net income per share was $6.42, up from $4.11; net income was $51.6 million, up from $34.4 million.
Factory-built housing gross margin was 22.6%, unchanged; financial services gross margin was 40.9%, compared with (0.6)% a year earlier.
Stock repurchases were about $50 million in the quarter, and $178 million remains available under Board authorizations.
Healthcare Realty reported a second-quarter GAAP net loss of $0.45 per share, wider than the $0.39 loss a year earlier, while normalized FFO rose to $0.41 per share from $0.38 and the company raised its 2025 normalized FFO guidance by one cent at the midpoint. The board also cut the common dividend 23% to $0.24 per share, which the company said reduces the FAD payout ratio to approximately 80%. New CEO Peter Scott, who joined April 15, is leading a strategic plan and platform restructuring.
GAAP net loss attributable to common stockholders was $157.9 million, or $(0.45) per share, versus $143.8 million, or $(0.39) per share, in the second quarter of 2024
Normalized FFO was $0.41 per share versus $0.38 a year earlier; 2025 normalized FFO guidance rose to $1.57 to $1.61 from $1.56 to $1.60
Quarterly common dividend of $0.24 per share, payable August 28, 2025, to holders of record on August 14, 2025
Peter Scott joined as President and CEO on April 15, 2025; the board was reduced from 12 to 7 members
Reinsurance Group of America reported second-quarter 2025 net income of $180 million, or $2.70 per diluted share, down from $203 million, or $3.03, a year earlier, while net premiums rose 5.9% to $4.2 billion. CEO Tony Cheng said results were below expectations, mainly due to claims volatility in U.S. Individual Life, and the company also raised its quarterly dividend 4.5% to $0.93 and entered reinsurance agreements covering about $32 billion of Equitable Holdings life insurance liabilities.
Net income available to RGA shareholders was $180 million ($2.70 per diluted share) versus $203 million ($3.03) a year earlier.
Adjusted operating income was $315 million ($4.72 per diluted share) versus $365 million ($5.48).
Quarterly dividend increased 4.5% to $0.93 per share, payable August 26, 2025, to holders of record as of August 12, 2025.
RGA Re ceded a 75% quota share of Equitable's in-force individual life liabilities, about $32 billion, in a transaction the CEO said closed on July 31, 2025.
Bio-Rad reported second-quarter 2025 revenue of $651.6 million, up 2.1% from a year earlier. GAAP net income was $317.8 million, or $11.67 per diluted share, compared with a net loss a year earlier, mainly due to a change in the fair market value of its Sartorius AG investment. Non-GAAP net income fell to $71.0 million, or $2.61 per diluted share, from $88.3 million, or $3.11, and the company raised its non-GAAP operating margin outlook for 2025.
Q2 2025 net sales were $651.6 million, up 2.1% from $638.5 million; currency-neutral sales rose 1.0%.
GAAP net income was $317.8 million, or $11.67 per diluted share, versus a net loss of $(2,165.5) million, or $(76.26) per share, in Q2 2024.
Non-GAAP net income was $71.0 million, or $2.61 per diluted share, versus $88.3 million, or $3.11, a year earlier.
For full-year 2025, non-GAAP operating margin is now expected at approximately 12.0% to 13.0%, up from 10.0% to 12.0%; currency-neutral revenue growth is now expected at approximately 0% to 1.0%, versus a prior range of a 1.0% decline to 1.
Dolby Laboratories reported fiscal third-quarter 2025 results for the quarter ended June 27, 2025, with total revenue of $316 million, up from $289 million a year earlier, and GAAP diluted earnings per share of $0.48, up from $0.40. The company also declared a $0.33 per share cash dividend payable August 20, 2025, and gave fourth-quarter and full-year fiscal 2025 estimate ranges, including full-year GAAP diluted EPS of $2.40 to $2.55.
Total revenue was $316 million, compared with $289 million in the third quarter of fiscal 2024.
GAAP net income was $46 million, or $0.48 per diluted share; non-GAAP net income was $76 million, or $0.78 per diluted share.
Q4 fiscal 2025 total revenue is estimated at $288 million to $318 million; full-year GAAP diluted EPS is expected at $2.40 to $2.55.
Cash dividend of $0.33 per share is payable August 20, 2025, to holders of record on August 12, 2025.
Strategy reported second-quarter 2025 net income of $10.02 billion, or $32.60 per diluted share, compared with a net loss of $102.6 million a year earlier. The company said the profit came mainly from a $14.0 billion unrealized gain on its bitcoin holdings, and it issued FY2025 guidance that depends on a year-end bitcoin price of $150,000.
Q2 2025 operating income of $14.03 billion and net income of $10.02 billion, versus a Q2 2024 operating loss of $200.3 million
Total revenues of $114.5 million, up 2.7% year-over-year; gross margin fell to 68.8% from 72.2%
FY2025 guidance: operating income of about $34 billion, net income of about $24 billion, diluted EPS of about $80, assuming a $150,000 year-end bitcoin price
FY2025 BTC $ Gain target raised to $20 billion from $15 billion; BTC Yield target raised to 30% from 25%
Floor & Decor reported second-quarter fiscal 2025 results for the quarter ended June 26, 2025, with net sales of $1.21 billion and diluted EPS of $0.58, both up year over year. The company also issued updated fiscal 2025 guidance, including diluted EPS of approximately $1.75 to $2.00, giving shareholders a current range for full-year profit.
Net sales of $1,214.2 million, up 7.1% from $1,133.1 million in the second quarter of fiscal 2024
Diluted EPS of $0.58, up 11.5% from $0.52; net income of $63.2 million
Comparable store sales rose 0.4%, the first quarterly increase since the fourth quarter of fiscal 2022
Updated fiscal 2025 outlook: net sales of approximately $4,660 million to $4,750 million and diluted EPS of approximately $1.75 to $2.00
Clorox reported fourth-quarter fiscal 2025 net sales up 4% to $2.0 billion and adjusted EPS up 58% to $2.87, helped by incremental ERP-related retailer shipments. For fiscal 2026 it expects net sales down 6% to 10% and adjusted EPS of $5.95 to $6.30, a decline of 18% to 23%, as the ERP shipment benefit reverses.
Q4 net sales rose 4% to $2.0 billion; organic sales rose 8%, with incremental ERP shipments adding about 13 to 14 points
Q4 diluted EPS rose 55% to $2.68 and adjusted EPS rose 58% to $2.87 versus $1.82 a year earlier
FY2026 diluted EPS outlook is $5.60 to $5.95, versus $6.52 in fiscal 2025; adjusted EPS outlook is $5.95 to $6.30 versus $7.72
Net cash provided by operations was $981 million for fiscal 2025, up 41% from $695 million
Illumina reported second-quarter 2025 revenue of $1.06 billion, down 3% from a year earlier on both reported and constant currency bases, while GAAP diluted EPS was $1.49 versus a loss of $12.48 a year earlier. The company raised its full-year 2025 non-GAAP diluted EPS guidance to $4.45 to $4.55 and agreed to acquire SomaLogic from Standard BioTools, a deal expected to close in the first half of 2026.
Q2 2025 revenue of $1.06 billion, down 3% from Q2 2024 on a reported and constant currency basis
GAAP diluted EPS of $1.49 and non-GAAP diluted EPS of $1.19 for Q2 2025; non-GAAP operating margin of 23.8%
FY2025 non-GAAP diluted EPS guidance raised to $4.45 to $4.55, up from $4.20 to $4.30, including about 10 cents from recently passed U.S. R&D tax legislation
Repurchased about 4.5 million shares for $380 million in Q2; about $800 million authorization remaining at quarter end
Roku reported second-quarter 2025 total net revenue of $1.111 billion, up 15% year over year, and net income of $10.5 million, compared with a net loss a year earlier. The company raised its full-year 2025 Platform revenue and Adjusted EBITDA outlook and authorized up to $400 million in share repurchases through December 31, 2026.
Q2 total net revenue was $1.111 billion, up 15% YoY; Platform revenue was $975 million, up 18% YoY
Net income was $10.5 million, or $0.07 per share, versus a net loss of $34.0 million in Q2 2024
Full-year 2025 outlook raised to $4.075 billion Platform revenue and $375 million Adjusted EBITDA; Q2 Adjusted EBITDA was $78 million, up 79%
Board authorized up to $400 million of Class A stock repurchases; Dan Jedda was named Chief Financial Officer and Chief Operating Officer, approved July 28, 2025
Matson reported second-quarter 2025 net income of $94.7 million, or $2.92 per diluted share, down from $113.2 million, or $3.31, a year earlier, on revenue of $830.5 million versus $847.4 million. The company said it is raising its full-year outlook, now expecting Ocean Transportation operating income above its early May guidance but moderately below 2024, while it expects third-quarter consolidated operating income to be meaningfully lower than a year earlier.
Diluted EPS was $2.92 versus $3.31; net income was $94.7 million versus $113.2 million.
Operating income was $113.0 million versus $124.6 million; revenue was $830.5 million versus $847.4 million.
China container volume fell 14.6 percent year-over-year in the second quarter amid tariff-related uncertainty.
For full-year 2025, Ocean Transportation operating income is expected to be higher than early May guidance but moderately lower than 2024; third-quarter consolidated operating income is expected to be meaningfully lower than $242.3 million
Fortune Brands reported second-quarter 2025 net sales of $1.2 billion, down 3% from a year earlier, with GAAP diluted EPS of $0.83, down 22%, and EPS before charges and gains of $1.00, down 14%. The company also issued updated full-year 2025 guidance, including EPS before charges and gains of $3.75 to $3.95 and net sales of down 2% to flat, and said it remains on track to offset anticipated tariff impacts.
Q2 2025 net sales were $1,203.3 million, down 3%; GAAP operating margin was 14.3%, down 180 basis points, and operating margin before charges and gains was 16.5%.
Full-year 2025 guidance: net sales down 2% to flat; EPS before charges and gains $3.75 to $3.95; operating margin before charges and gains 16.0% to 17.0%.
The company repurchased $63 million of shares in Q2 and $238 million year to date; net debt was $2.6 billion as of June 28, 2025.
Five9 reported second-quarter 2025 revenue of $283.3 million, up 12% from $252.1 million a year earlier, and GAAP net income of $1.2 million, compared with a net loss of $12.8 million in the year-earlier quarter. The company also issued full-year and third-quarter 2025 guidance, though the filing gives no prior guidance for comparison. Bryan Lee, previously interim CFO, was appointed Chief Financial Officer effective July 31, 2025.
Q2 2025 revenue rose 12% to a record $283.3 million from $252.1 million in Q2 2024
GAAP net income was $1.2 million, or $0.01 per diluted share, versus a $12.8 million net loss a year earlier
Q3 2025 revenue guidance is $283.0 million to $286.0 million; full-year 2025 revenue guidance is $1.1435 billion to $1.1495 billion
Bryan Lee was appointed CFO effective July 31, 2025, after serving as interim CFO since April 2025
Reddit reported second-quarter 2025 results for the quarter ended June 30, 2025, with revenue of $500 million, up 78% from $281 million a year earlier, and net income of $89 million compared with a net loss of $10 million in the prior-year quarter. The company also guided to third-quarter 2025 revenue of $535 million to $545 million and Adjusted EBITDA of $185 million to $195 million, which gives shareholders a near-term outlook for the business.
Q2 2025 revenue was $500 million, up 78% year-over-year; advertising revenue was $465 million, up 84%
Diluted EPS was $0.45 versus a loss of $(0.06) a year earlier; Adjusted EBITDA was $167 million versus $40 million
Q3 2025 guidance: revenue of $535 million to $545 million and Adjusted EBITDA of $185 million to $195 million
Cash, cash equivalents, and marketable securities were $2.06 billion as of June 30, 2025
Corcept reported second quarter 2025 revenue of $194.4 million, up from $163.8 million a year earlier, but net income was $35.1 million versus $35.5 million and diluted earnings per share fell to $0.29 from $0.32. The company modified its 2025 revenue guidance to $850 million to $900 million and said demand outpaced its specialty pharmacy vendor's capacity, which it expects to ease as a second pharmacy comes online.
Q2 2025 revenue $194.4 million vs. $163.8 million in Q2 2024
Net income $35.1 million vs. $35.5 million; diluted EPS $0.29 vs. $0.32
Selling, general and administrative expense $103.9 million vs. $66.9 million a year earlier
2025 revenue guidance modified to $850 million to $900 million; cash and investments $515.0 million at June 30, 2025
Bloom Energy reported second-quarter 2025 revenue of $401.2 million, up 19.5% from a year earlier, and its GAAP net loss to common stockholders narrowed to $42.6 million from $61.8 million. The company reaffirmed its full-year 2025 revenue guidance of $1.65 billion to $1.85 billion, so shareholders see improved sales and a smaller loss with no change to the outlook.
Q2 2025 revenue of $401.2 million, up 19.5% from $335.8 million in Q2 2024
GAAP operating loss of $3.5 million, compared with $23.1 million a year earlier
GAAP diluted loss per share of $0.18, compared with $0.27 in Q2 2024
2025 outlook reaffirmed: revenue of $1.65 billion to $1.85 billion and non-GAAP operating income of $135 million to $165 million
Ryan Specialty reported second-quarter 2025 results for the period ended June 30, with total revenue up 23.0% and net income up 5.6%. The company cut its full-year 2025 organic revenue growth guidance to 9.0%-11.0% from 11%-13%, while narrowing its Adjusted EBITDAC margin guidance and declaring a $0.12 quarterly dividend.
Total revenue rose 23.0% year-over-year to $855.2 million; organic revenue growth slowed to 7.1% from 14.2%.
Net income rose 5.6% to $124.7 million; diluted EPS was $0.38 versus $0.37, and adjusted diluted EPS rose 13.8% to $0.66.
Full-year 2025 organic revenue growth guidance was lowered to 9.0%-11.0% from 11%-13.0%; Adjusted EBITDAC margin guidance is now 32.5%-33.0%, from 32.5%-33.5%.
Board declared a $0.12 per share regular quarterly dividend, payable August 26, 2025, to holders of record on August 12, 2025.
Coinbase reported second-quarter 2025 total revenue of $1.5 billion, down 26% from the first quarter, as trading activity fell with lower volatility. Net income was $1.4 billion, but that figure included $1.5 billion in strategic investment gains and a $362 million crypto portfolio gain, while Adjusted Net Income was $33 million and Adjusted EBITDA was $512 million. Shareholders should note the $308 million in operating expenses tied to the data theft incident and the company's Q3 outlook for subscription and services revenue of $665 million to $745 million.
Total revenue was $1.5 billion, down 26% Q/Q; transaction revenue was $764 million, down 39% Q/Q.
Net income was $1.4 billion, versus Adjusted Net Income of $33 million, which excludes $1.5 billion in pre-tax strategic investment gains and a $362 million pre-tax crypto portfolio gain.
Adjusted EBITDA was $512 million, down from $930 million in Q1 2025.
Q3 2025 outlook: subscription and services revenue of $665 million to $745 million; July transaction revenue of approximately $360 million.
Agree Realty reported second-quarter 2025 results and raised its 2025 AFFO per share guidance to $4.29 to $4.32 from $4.27 to $4.30. It also raised its 2025 investment volume guidance to $1.4 billion to $1.6 billion from $1.3 billion to $1.5 billion. Net income per share fell 18.5% to $0.43, while Core FFO and AFFO per share rose, so shareholders get a mixed picture of profit against cash-flow measures.
Q2 2025 net income per share attributable to common stockholders decreased 18.5% to $0.43, from $0.52; net income was $47.3 million, down 10.5%.
Q2 2025 Core FFO per share increased 1.3% to $1.05, and AFFO per share increased 1.7% to $1.06.
2025 AFFO per share guidance raised to $4.29 to $4.32; 2025 investment volume guidance raised to $1.4 billion to $1.6 billion.
Monthly dividend of $0.256 per share declared for June, a 2.4% year-over-year increase; the July dividend is payable August 14, 2025.
Edison International reported second-quarter 2025 GAAP net income of $343 million, or $0.89 per share, down from $439 million, or $1.14 per share, a year earlier. Core EPS was $0.97 versus $1.23, and the company reaffirmed its 2025 core EPS guidance of $5.94 to $6.34, but lowered its basic EPS guidance range because of non-core items. Operating revenue rose to $4,543 million from $4,336 million.
Q2 2025 operating revenue was $4,543 million, up from $4,336 million in Q2 2024; net income was $343 million, down from $439 million.
Q2 2025 core EPS was $0.97 versus $1.23 a year earlier; the company said higher operations and maintenance expense and regulatory decisions drove the decline at SCE.
2025 core EPS guidance was reaffirmed at $5.94 to $6.34; basic EPS guidance moved to $8.22 to $8.62 from $8.30 to $8.70 after $877 million, or $2.28 per share, of non-core items for the first half.
The company said SCE will launch a Wildfire Recovery Compensation Program this fall and that the Eaton Fire investigations remain ongoing.
Hub Group reported second quarter 2025 results on July 31, 2025, with revenue down 8% year over year to $906 million and GAAP diluted EPS of $0.42, compared with $0.47 a year earlier. Adjusted EPS of $0.45, which excludes $2.6 million of vendor settlement expenses, also declined from $0.47, and the company issued 2025 diluted EPS guidance of $1.80 to $2.05 with revenue of approximately $3.6 billion to $3.8 billion.
Revenue of $906 million, down from $986 million in Q2 2024; intermodal volume grew 2%
GAAP diluted EPS of $0.42 vs. $0.47 a year earlier; adjusted EPS of $0.45 excludes $2.6 million in vendor settlements
Operating income of $34 million (3.8% of revenue) vs. $39.5 million (4.0%) a year earlier
2025 outlook: diluted EPS of $1.80 to $2.05 and revenue of approximately $3.6 billion to $3.8 billion
Middlesex Water reported second-quarter 2025 net income of $10.8 million, up from $10.5 million a year earlier, with operating revenues of $49.3 million, up $0.2 million. For the first six months, net income fell $1.0 million to $20.3 million, mainly because of a one-time 2024 recovery, while the Delaware Public Service Commission approved a rate increase of $5.5 million in annual operating revenues effective July 3, 2025.
Q2 2025 diluted EPS was $0.60 versus $0.59 in Q2 2024; operating revenues were $49.3 million versus $49.1 million.
Six-month diluted EPS was $1.13 versus $1.18 in the first half of 2024; six-month net income was $20.3 million, down $1.0 million.
Delaware rate increase of $5.5 million in annual operating revenues, based on a 9.5% authorized return on common equity, took effect July 3, 2025.
Board declared a $0.34 per share third-quarter dividend, payable September 2, 2025, to holders of record as of August 15, 2025.
Rogers reported second quarter 2025 net sales of $202.8 million, up 6.5% from the prior quarter but down from $214.2 million a year earlier. A net loss of $73.6 million, or $(4.00) per diluted share, reflected $71.8 million of non-cash impairment charges, while adjusted earnings per diluted share were $0.34. The company also announced cost reduction initiatives at its curamik business, with expected charges of $12.0 million to $20.0 million.
Q2 2025 net sales of $202.8 million, up 6.5% sequentially and down from $214.2 million in Q2 2024
GAAP net loss of $73.6 million, or $(4.00) per diluted share, including $71.8 million of non-cash impairment charges and $4.3 million of restructuring expenses
Adjusted EPS of $0.34, up from $0.27 in Q1 2025 and down from $0.69 in Q2 2024
Curamik cost initiatives expected to cut costs by more than $13.0 million annually, with $12.0 million to $20.0 million of expenses; Q3 2025 net sales guidance is $200 million to $215 million
Exponent reported second quarter 2025 revenues before reimbursements of $132.9 million, approximately flat year over year, and total revenues up 1% to $142.0 million. Net income fell to $26.6 million, or $0.52 per diluted share, from $29.2 million, or $0.57, a year earlier, and the company kept its full-year 2025 guidance while declaring a $0.30 quarterly dividend.
Revenues before reimbursements were $132.9 million, approximately flat versus $132.4 million in Q2 2024; total revenues rose 1% to $142.0 million.
Net income was $26.6 million, or $0.52 per diluted share, versus $29.2 million, or $0.57 per diluted share, in Q2 2024.
Full-year 2025 guidance was maintained: revenues before reimbursements expected to grow in the low single digits, and EBITDA expected at 26.50% to 27.0% of revenues before reimbursements.
Board declared a quarterly cash dividend of $0.30 per share, payable September 19, 2025, to stockholders of record as of September 5, 2025.
Shenandoah Telecommunications (Shentel) reported second quarter 2025 revenue of $88.6 million, up 3.2% from a year earlier, and a net loss from continuing operations of $9.0 million, compared with $12.8 million in the second quarter of 2024. The company also issued its first 2025 financial guidance, projecting total revenue of $352 million to $357 million and Adjusted EBITDA of $113 million to $118 million for the full year.
Adjusted EBITDA rose 21.9% to $28.4 million; Adjusted EBITDA margin was 32%, up from 27%
Glo Fiber Expansion Markets revenue grew 40.5% to $19.8 million, with data subscribers up 43.1% to about 76,000
2025 guidance: total revenue $352 million to $357 million; Adjusted EBITDA $113 million to $118 million; capital expenditures, net of government grant reimbursements, $260 million to $290 million
Depreciation and amortization rose 37.2% to $35.1 million, including a $4.2 million write-off of plant under construction inventory
Columbia Sportswear reported second quarter 2025 net sales up 6% to $605.2 million, with a net loss of $10.2 million, or $0.19 per diluted share, narrowed from $0.20 a year earlier. The company gave a limited full year 2025 net sales outlook of $3.33 billion to $3.40 billion and third quarter diluted EPS guidance of $1.00 to $1.20, compared with $1.56 in the prior-year quarter, citing global trade policy uncertainty.
Q2 2025 net sales rose 6% to $605.2 million; operating loss was $23.6 million, versus $23.8 million a year earlier.
Full year 2025 net sales are expected to range from $3.33 billion to $3.40 billion, a decline of 1% to an increase of 1% versus 2024.
Third quarter 2025 diluted EPS is expected at $1.00 to $1.20, compared with $1.56 in the third quarter of 2024.
Board declared a quarterly dividend of $0.30 per share, payable September 4, 2025 to holders of record on August 21, 2025.
AppFolio reported second-quarter 2025 revenue of $236 million, up 19% from a year earlier, and GAAP net income of $36 million, up from $30 million. GAAP operating margin slipped to 17.2% from 18.3%. The company also gave a full-year 2025 revenue outlook of $935 million to $945 million and named Tim Eaton Chief Financial Officer effective July 30, 2025.
Q2 2025 revenue was $235.6 million, up from $197.4 million in Q2 2024
GAAP diluted EPS was $0.99 versus $0.81 a year earlier; GAAP operating margin was 17.2% versus 18.3%
Full-year 2025 revenue is expected at $935 million to $945 million; non-GAAP operating margin at 24.5% to 26.5%
Tim Eaton was appointed CFO effective July 30, 2025, after serving as interim CFO since October 2024
ResMed reported fourth-quarter fiscal 2025 results for the quarter ended June 30, 2025, with revenue up 10% to $1.3 billion and diluted earnings per share up 30% to $2.58. The company also declared a quarterly dividend of $0.60 per share, a 13% increase, payable September 18, 2025 to holders of record on August 14, 2025.
Q4 revenue $1,348.0 million, up 10% (9% constant currency); income from operations up 19% to $454.5 million
Q4 diluted EPS $2.58 vs. $1.98 a year earlier; non-GAAP diluted EPS $2.55 vs. $2.08
Full-year revenue $5.1 billion, up 10%; full-year diluted EPS $9.51 vs. $6.92
Quarterly dividend $0.60 per share; ex-dividend date August 13, 2025
Cohu reported fiscal second-quarter 2025 net sales of $107.7 million, up from $104.7 million a year earlier, and a GAAP net loss of $16.9 million, or $0.36 per share, compared with a $15.8 million loss a year earlier. The company guided third-quarter 2025 sales to $125 million, plus or minus $7 million, so shareholders get higher sales alongside a continued GAAP loss.
Q2 2025 net sales were $107.7 million, up from $104.7 million in Q2 2024 and $96.8 million in Q1 2025.
GAAP net loss was $16.9 million, or $0.36 per share, versus a $15.8 million loss, or $0.34 per share, in Q2 2024.
Non-GAAP net income was $0.7 million, or $0.02 per share, compared with a non-GAAP loss of $0.6 million in Q2 2024.
Third-quarter 2025 sales are expected to be $125 million, plus or minus $7 million.
First Solar reported second-quarter 2025 net sales of $1.1 billion, up $0.3 billion from the prior quarter, and diluted earnings of $3.18 per share, up from $1.95 in the first quarter. The company raised its 2025 net sales guidance to $4.9 billion to $5.7 billion and kept the midpoint of its diluted EPS guidance at $15.00, narrowing the range to $13.50 to $16.50. Shareholders get a stronger quarter and a higher sales outlook, though year-over-year quarterly EPS was slightly below the $3.25 reported in the second quarter of 2024.
Q2 2025 net sales $1.1 billion, up $0.3 billion from Q1; net income $341.9 million
Diluted EPS $3.18 versus $1.95 in Q1 2025 and $3.25 in Q2 2024
2025 net sales guidance raised to $4.9 billion to $5.7 billion from $4.5 billion to $5.5 billion
Sold $312 million of Section 45X tax credits for $296 million cash, recognizing a $16 million loss
Casella Waste Systems reported second-quarter 2025 revenue of $465.3 million, up 23.4%, and Adjusted EBITDA of $109.5 million, up 19.5%, but net income fell to $5.2 million. The company raised its full-year revenue guidance and cut its net income guidance to $8 million to $18 million, while reaffirming Adjusted EBITDA guidance of $410 million to $425 million, so shareholders see stronger sales and cash-flow measures alongside lower profit.
Q2 2025 revenue $465.3 million, up $88.2 million from the same period in 2024; net income $5.2 million, down from $7.0 million
Adjusted EBITDA $109.5 million for the quarter, up 19.5%; six acquisitions completed in the first half with over $90 million in annualized revenue
Fiscal 2025 revenue guidance raised to $1.820 billion to $1.840 billion; net income guidance revised to $8 million to $18 million from $10 million to $25 million
Adjusted EBITDA guidance reaffirmed at $410 million to $425 million; the guidance excludes the pending Mountain State Waste acquisition
BJ's Restaurants reported fiscal second quarter 2025 results, with revenue of $365.6 million, up 4.5% from a year earlier, and diluted earnings of $0.97 per share, up from $0.72. The company also reaffirmed a fiscal 2025 outlook calling for comparable restaurant sales growth of about 2%, restaurant level operating profit of $211 million to $219 million, and Adjusted EBITDA of $132 million to $140 million.
Q2 2025 revenue $365.6 million, up 4.5%; comparable restaurant sales up 2.9%
Diluted EPS $0.97 versus $0.72; adjusted diluted EPS $0.97, up 25.1% from $0.78
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