1,041 material Form 8-K filings that 824 companies we cover made with the SEC in November 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).
Kimco Realty said it entered into an agreement that lets it sell up to $750.0 million of common stock over time through sales agents and forward sale agreements, replacing a September 15, 2023 agreement that was terminated. The Board also approved a new share repurchase program of up to $750 million that replaces the prior program, which gives the company flexibility to issue or buy back shares, though neither is obligated.
Company may issue and sell up to $750.0 million of common stock through sales agents and forward sellers, and is not obligated to sell any shares.
Agent commissions will not exceed 2% of gross sales price of shares sold as sales agent.
Board approved a new repurchase program of up to $750 million that supersedes the prior program; the company is not obligated to buy any particular amount.
Net proceeds are intended for general corporate purposes, including acquisitions, development costs, preferred stock redemptions and reducing debt.
CorVel reported results for the three months ended September 30, 2025, with revenue of $240 million, up from $224 million a year earlier, and diluted earnings per share of $0.54, up from $0.45. For the six months, revenue was $474 million and diluted EPS was $1.06, compared with $436 million and $0.87 a year earlier. The filing furnishes the November 4, 2025 press release and does not include guidance.
Q2 revenue of $240 million, up 7%; gross profit of $58.2 million, up 15%, at a 24% gross margin
Q2 diluted EPS of $0.54 versus $0.45 a year earlier; net income of $27.9 million
Six-month revenue of $474 million and diluted EPS of $1.06, versus $436 million and $0.87
Ended the quarter with $207 million in cash and no borrowings; repurchased $12.8 million of common stock
Leidos reported third-quarter fiscal 2025 results with revenue of $4.47 billion, up 7% from a year earlier, and net income of $369 million, or $2.82 per diluted share, up 5%. The company raised its fiscal 2025 non-GAAP diluted EPS guidance to $11.45 to $11.75 from $11.15 to $11.45 and held its revenue guidance at $17.00 to $17.25 billion.
Q3 revenue of $4.47 billion, up 7% year-over-year, including 6% organic growth
Non-GAAP diluted EPS of $3.05, up 4%; GAAP net income margin fell to 8.3% from 8.6%
FY25 non-GAAP diluted EPS guidance raised to $11.45 to $11.75 from $11.15 to $11.45
Quarterly dividend declared at $0.43 per share, up 7.5%, payable December 31, 2025
Innovative Industrial Properties reported third quarter 2025 results, with total revenues of $64.7 million, down 15% from $76.5 million a year earlier, and net income attributable to common stockholders of $28.3 million, or $0.97 per diluted share, versus $1.37 a year earlier. The company attributed the revenue decline mainly to a $14.9 million drop from tenant defaults, and it also disclosed a $270 million commitment to IQHQ and a new $100 million secured revolving credit facility.
Total revenues were $64.7 million versus $76.5 million, a decrease of 15%, driven mainly by a $14.9 million decrease from tenant defaults.
Net income attributable to common stockholders was $28.3 million, or $0.97 per diluted share, compared with $39.7 million, or $1.37, in the third quarter of 2024.
Normalized FFO was $45.2 million, or $1.60 per share, versus $59.5 million, or $2.08, a year earlier.
In October the company closed a three-year, $100 million secured revolving credit facility at one-month SOFR plus 200 basis points, secured by its IQHQ investment.
Cabot reported fiscal fourth-quarter 2025 net sales of $899 million, down from $1,001 million a year earlier, and diluted EPS of $0.79 versus $2.43. For the full fiscal year, adjusted EPS rose 3% to $7.25, but diluted EPS fell to $6.02 from $6.72 and net sales fell to $3.7 billion from $4.0 billion. The company expects fiscal 2026 adjusted EPS of $6.00 to $7.00, citing weak Reinforcement Materials demand and elevated Asian tire imports, which points to a lower range than fiscal 2025.
Q4 fiscal 2025 adjusted EPS was $1.70, down 6% from $1.80; diluted EPS was $0.79 versus $2.43
Full-year fiscal 2025 adjusted EPS was $7.25, up 3% from $7.06, while diluted EPS was $6.02 versus $6.72
Fiscal 2026 adjusted EPS outlook is $6.00 to $7.00; the company cites uncertain macroeconomic and trade conditions and competitive headwinds in Reinforcement Materials
Cabot announced an agreement to acquire Bridgestone Corporation's reinforcing carbons plant in Mexico
On November 2, 2025, Coeur Mining agreed to acquire New Gold through a plan of arrangement, with New Gold shareholders receiving 0.4959 Coeur shares for each New Gold share. The company said the deal implies $8.51 per New Gold share, a 16% premium to New Gold's October 31, 2025 NYSE American close, and a total equity value of about $7 billion. Coeur holders would own about 62% of the combined company and New Gold holders about 38%, so the deal would significantly change Coeur's share count and ownership, and it is subject to shareholder, court and regulatory approvals.
Exchange ratio of 0.4959 Coeur common shares per New Gold common share, implying $8.51 per share based on Coeur's October 31, 2025 NYSE closing price
Total equity value of about $7 billion for New Gold; pro forma combined equity market capitalization of about $20 billion
Coeur stockholders to own about 62% and New Gold shareholders about 38% of the combined company; two New Gold directors, including CEO Patrick Godin, to join Coeur's board
Expected to close in the first half of 2026; outside date May 15, 2026, extendable to August 15, 2026; termination fees of $414 million (Coeur) and $255 million (New Gold) in certain circumstances
On November 2, 2025, SM Energy agreed to merge with Civitas Resources in a deal where each Civitas share converts into 1.45 SM Energy shares. The merger requires approval from both companies' stockholders and regulatory clearances, and SM Energy would increase its authorized shares to 400,000,000 to complete it.
Exchange ratio: each Civitas common share becomes the right to receive 1.45 SM Energy common shares
Combined SM Energy board would have 11 members: six from the current SM Energy board and five from the Civitas board
Termination fees: $85 million payable by Civitas and $79 million payable by SM Energy in specified circumstances; the merger must be completed by August 3, 2026, subject to extension to November 2, 2026 for antitrust clearances
SM Energy authorized shares would rise to 400,000,000; SM Energy stockholders must approve the stock issuance and charter amendment
Unitil Corporation completed its purchase of Maine Natural Gas Company from Avangrid Enterprises on October 31, 2025, and financed $86.0 million of the price with a term loan from The Bank of Nova Scotia under a new credit agreement. The acquisition adds about 6,300 natural gas customers and brings Unitil's total to approximately 213,300 customers across Maine, New Hampshire and Massachusetts, and the filing gives no earnings or guidance effect.
Purchase price was $86.0 million, plus approximately $7.1 million for estimated working capital, including cash on hand and certain regulatory assets.
Unitil borrowed $86.0 million on October 31, 2025 under a credit agreement with a borrowing limit of $86 million, which matures October 31, 2026.
Maine Natural serves about 6,300 customers and had an estimated $69.0 million of rate base as of December 31, 2024.
Avangrid will provide transition services to Maine Natural for up to 12 months, with Unitil reimbursing actual costs without a profit factor.
Western Digital appointed Brad Feller as Senior Vice President and Chief Accounting Officer, succeeding Gene M. Zamiska, with Feller also becoming principal accounting officer on November 14, 2025. The filing describes a routine finance leadership change with compensation terms, including a $425,000 base salary and sign-on equity, that are modest relative to the company's size and do not indicate a change in financial results.
Brad Feller, 51, takes the role effective November 14, 2025, succeeding Gene M. Zamiska
Compensation includes a $425,000 annual base salary and a 75% target short-term bonus
Sign-on RSU award with a $1,500,000 grant date value; a $300,000 signing bonus is subject to repayment if employment ends within two years
Novanta reported third-quarter 2025 GAAP revenue of $247.8 million, up 1.4% from a year earlier, but GAAP net income fell to $10.7 million from $19.2 million and GAAP diluted EPS fell to $0.30 from $0.53. Adjusted diluted EPS rose to $0.87 from $0.85, while organic revenue declined 3.8%. The company expects fourth-quarter GAAP revenue of $253 million to $257 million and full-year 2025 GAAP revenue of $975 million to $979 million.
Q3 GAAP revenue was $247.8 million, up 1.4%; organic revenue growth was (3.8)%, with acquisitions adding 3.4% and currency adding 1.8%.
GAAP net income was $10.7 million, or $0.30 per diluted share, versus $19.2 million, or $0.53, a year earlier.
Adjusted diluted EPS was $0.87 versus $0.85; adjusted EBITDA was $58.1 million versus $57.0 million.
Q4 2025 guidance: GAAP revenue of $253 million to $257 million and adjusted diluted EPS of $0.87 to $0.93; full-year 2025 adjusted diluted EPS of $3.24 to $3.30.
Insperity reported third-quarter 2025 revenue up 4% to $1.6 billion, but a net loss of $20 million, or $(0.53) per diluted share, compared with net income of $3 million a year earlier, as gross profit fell 15% on higher-than-expected benefits costs. The company also amended its UnitedHealthcare medical coverage arrangement, extending it through 2028 with additional cost savings starting in 2026, and gave its full-year 2025 adjusted EPS guidance of $0.84 to $1.47.
Q3 2025 revenue rose 4% to $1.6 billion; gross profit fell 15% to $195 million
Q3 2025 net loss of $20 million; diluted EPS $(0.53) versus $0.07 in Q3 2024; adjusted EPS $(0.20)
UnitedHealthcare amendment extends the arrangement through 2028 and lets Insperity elect a claim cost limit of $500,000, $750,000, or $1,000,000 per participant per year
Q4 2025 adjusted EPS guidance is $(0.79) to $(0.16); full-year 2025 adjusted EPS guidance is $0.84 to $1.47
Vornado Realty Trust reported third-quarter 2025 results on November 3, 2025. Net income attributable to common shareholders was $11.6 million, or $0.06 per diluted share, versus a net loss of $19.2 million, or $0.10 per share, a year earlier. Funds from operations (FFO) rose to $117.4 million, or $0.58 per diluted share, from $99.3 million, or $0.50, which supports the view that core operating results improved year over year.
Q3 2025 net income attributable to common shareholders: $11.6 million, or $0.06 per diluted share, vs. a net loss of $19.2 million ($0.10) in Q3 2024
Q3 2025 FFO attributable to common shareholders plus assumed conversions: $117.4 million, or $0.58 per diluted share, vs. $99.3 million ($0.50)
Q3 2025 FFO, as adjusted (non-GAAP): $114.5 million, or $0.57 per diluted share, vs. $102.8 million ($0.52) in Q3 2024
Q3 2025 revenues: $453.7 million, vs. $443.3 million in Q3 2024
Flagstar Bank director Brian R. Callanan resigned from the bank's Board of Directors, effective November 2, 2025, after notifying the bank on October 30, 2025. The filing states the resignation was not due to any disagreement with the bank on its operations, policies or practices.
Brian R. Callanan resigned as a member of the Board of Directors of Flagstar Bank, N.A.
Notice was given October 30, 2025; resignation effective November 2, 2025.
The filing states the departure did not result from any disagreement with the bank on operations, policies or practices.
JBT Marel reported third quarter 2025 revenue of $1,001.3 million, up from $453.8 million a year earlier, and income from continuing operations of $66.8 million. The company raised its full year 2025 guidance, including revenue of $3,760 million to $3,790 million and adjusted EPS of $6.10 to $6.40, but its GAAP EPS guidance remains a loss of $1.05 to $0.75 per share.
Q3 2025 diluted EPS from continuing operations was $1.28, versus $1.18 in Q3 2024; adjusted EPS was $1.94, versus $1.76.
Full year 2025 guidance: revenue of $3,760 million to $3,790 million and adjusted EBITDA margin of 15.75% to 16.0%.
GAAP EPS guidance for full year 2025 is a loss of $1.05 to $0.75, reflecting a $147 million non-cash pension settlement charge in the first quarter.
The company plans to realign its reporting into two segments in Q4 2025 and expects in-year synergy savings of $40 million to $45 million.
Primoris Services reported third-quarter 2025 revenue of $2,178.4 million, up 32.1% from a year earlier, and net income of $94.6 million, or $1.73 per diluted share, compared with $1.07 a year earlier. The company raised its full-year 2025 net income, EPS and Adjusted EBITDA guidance, and its board declared an $0.08 per share cash dividend payable January 15, 2026.
Q3 2025 revenue $2,178.4 million, up $529.3 million (32.1%), led by the Energy and Utilities segments
Full-year 2025 net income guidance raised to $260.5 million to $271.5 million; diluted EPS guidance raised to $4.75 to $4.95
Full-year 2025 Adjusted EBITDA guidance raised to $510 million to $530 million
Gross profit as a percentage of revenue fell to 10.8% from 12.0% a year earlier
HealthStream reported third-quarter 2025 revenue of $76.5 million, up 4.6%, and net income of $6.1 million, up 6.3%, with diluted EPS of $0.20 versus $0.19 a year earlier. The company narrowed its full-year 2025 guidance ranges, with revenue now expected at $299.5 million to $301.5 million, versus the prior $297.5 million to $303.5 million, while the midpoints of the revenue, net income and adjusted EBITDA ranges are unchanged.
Q3 2025 revenue was $76.5 million, up from $73.1 million; operating income rose 16.5% to $7.6 million.
Full-year 2025 revenue guidance is $299.5 million to $301.5 million; adjusted EBITDA guidance is $69.5 million to $71.5 million.
The Board declared a quarterly dividend of $0.031 per share, payable November 28, 2025 to holders of record on November 17, 2025.
The Virsys12 acquisition closed October 8, 2025, for $13.0 million in cash plus up to $4.0 million contingent on performance.
RingCentral reported third quarter 2025 revenue of $639 million, up 5% year over year, and GAAP net income per diluted share of $0.19, compared with a loss of $0.09 a year earlier. The company raised its full-year 2025 free cash flow guidance to $525 million to $530 million and gave fourth quarter revenue guidance of $638 million to $646 million.
Total revenue was $639 million, up 5% from $609 million in Q3 2024; subscriptions revenue rose 6% to $616 million.
GAAP net income per diluted share was $0.19 versus a loss of $0.09; non-GAAP diluted EPS was $1.13 versus $0.95.
Free cash flow was $130 million, up 23% year over year, and full-year 2025 free cash flow guidance was raised to $525 million to $530 million.
The company repurchased $117 million of stock in Q3 and has approximately $384 million remaining under its total authorization.
Addus HomeCare reported third-quarter 2025 results on November 3, 2025, with net service revenues up 25.0% to $362.3 million and net income of $22.8 million, or $1.24 per diluted share, compared with $1.10 a year earlier. The company also completed its $7.4 million purchase of the personal care operations of Del Cielo Home Care Services in Texas on October 1, 2025.
Net income was $22.8 million for the quarter, compared with $20.2 million a year earlier; adjusted net income per diluted share was $1.56, compared with $1.30.
Adjusted EBITDA rose 31.6% to $45.1 million from $34.3 million.
Del Cielo serves about 700 clients in the Coastal Bend region of Texas and has annualized revenues of about $12.5 million.
As of September 30, 2025, the company had cash of $101.9 million and bank debt of $154.3 million.
Unum Group reported third-quarter 2025 net income of $39.7 million ($0.23 per diluted share), down from $645.7 million ($3.46 per diluted share) a year earlier. The decline reflects an after-tax net reserve increase of $377.8 million tied to annual assumption updates, mainly in long-term care. Adjusted operating income fell to $357.1 million ($2.09 per diluted share) from $398.0 million ($2.13), and the company said it expects a comparable $0.10 per share effect in the fourth quarter.
Net income was $39.7 million ($0.23 per diluted share) in Q3 2025, versus $645.7 million ($3.46) in Q3 2024.
After-tax net reserve increase of $377.8 million ($2.21 per diluted share), mainly from long-term care assumption updates.
Adjusted operating income was $357.1 million ($2.09 per diluted share), compared with $398.0 million ($2.13) a year earlier.
Premium income grew 2.9 percent on a constant currency basis; the company returned about $980 million to shareholders year-to-date and will host a call on November 4, 2025 at 8:00 am Eastern Time.
Atlas Energy Solutions reported third quarter 2025 revenue of $259.6 million, down 10.1% from the second quarter, and a net loss of $23.7 million, or $0.19 per share. The company also suspended its quarterly common stock dividend and projected lower Adjusted EBITDA for the fourth quarter, so shareholders face both a lower payout and weaker near-term earnings.
Q3 2025 revenue was $259.6 million, down $29.1 million from Q2 2025; Adjusted EBITDA fell to $40.2 million from $70.5 million.
Net loss was $23.7 million ($0.19 per share), compared with a net loss of $5.6 million in Q2 2025.
The quarterly common stock dividend was suspended; dividend payments were $30.9 million in Q3 2025.
Fourth quarter 2025 Adjusted EBITDA is projected to be lower sequentially, with Sand & Logistics volumes forecast at about 4.8 million tons.
Centerspace reported third-quarter 2025 net income of $3.19 per diluted share, compared with a loss of $0.40 a year earlier, helped by a $79.5 million gain on real estate sales. Core FFO was $1.19 per diluted share, up from $1.18, but the company lowered its 2025 net income per share outlook to $1.97 to $2.19 from $2.50 to $2.76.
Q3 2025 net income of $3.19 per diluted share, versus a $0.40 loss in Q3 2024; results include a $79.5 million gain on sale of real estate.
Q3 2025 Core FFO of $1.19 per diluted share, up 0.8% from $1.18 a year earlier.
2025 net income per diluted share outlook cut to $1.97 to $2.19 from $2.50 to $2.76; Core FFO outlook narrowed to $4.88 to $4.96 from $4.88 to $5.00.
Same-store NOI rose 4.5% in Q3 2025 year over year; total liquidity was $200.4 million at September 30, 2025.
Innovex International reported third-quarter 2025 revenue of $240 million, up 7% from $224.2 million in the prior quarter, and net income of $39.2 million, up from $15.3 million. Net income included a $40.9 million gain on sale of assets, and Adjusted EBITDA fell to $43.6 million from $46.6 million as margin declined to 18% from 21%. The company guided fourth-quarter revenue to $235 million to $245 million and Adjusted EBITDA to $42 million to $47 million.
Q3 2025 revenue $240.0 million vs. $224.2 million in Q2 2025 and $151.8 million in Q3 2024
Net income $39.2 million, or $0.57 per diluted share, vs. $0.22 per diluted share in Q2 2025; Q3 2024 net income was $82.6 million
Adjusted EBITDA $43.6 million, margin 18%, vs. $46.6 million and 21% in Q2 2025; company cites Eldridge facility relocation costs
Q4 2025 guidance: revenue $235 million to $245 million; Adjusted EBITDA $42 million to $47 million
Ormat Technologies reported third-quarter 2025 total revenue of $249.7 million, up 17.9% from a year earlier, and net income attributable to stockholders of $24.1 million, up 9.3%. The company raised its 2025 guidance, now projecting total revenues of $960 million to $980 million and adjusted EBITDA of $575 million to $593 million, which signals higher expected full-year results for shareholders.
Q3 2025 diluted EPS was $0.39, up 8.3% from $0.36; adjusted diluted EPS was $0.41, down from $0.42.
Q3 adjusted EBITDA was $138.4 million, up 0.6%; Product segment revenue rose 66.6% and Energy Storage revenue rose 108.1%.
Product segment backlog was approximately $295 million as of November 3, 2025.
Board declared a quarterly dividend of $0.12 per share, payable December 1, 2025, to holders of record as of November 17, 2025.
Goodyear reported a third-quarter 2025 net loss of $2.2 billion, driven by a $1.4 billion non-cash deferred tax asset valuation allowance and a $674 million non-cash goodwill impairment charge. Excluding significant items, net sales of $4.6 billion, segment operating income of $287 million and adjusted EPS of $0.28 all declined from the prior-year quarter. The company also completed the $650 million sale of its Chemical business on October 31, with about $580 million in cash proceeds that it said will be used to reduce debt.
Q3 2025 net loss of $2.2 billion ($7.62 per share), versus a net loss of $37 million ($0.13 per share) a year earlier
Adjusted EPS of $0.28 versus $0.36 a year earlier; adjusted net income of $82 million versus $102 million
Net sales of $4.6 billion versus $4.8 billion; segment operating income of $287 million versus $346 million
Chemical business sold October 31, 2025 for a $650 million purchase price, with cash proceeds of approximately $580 million
SBA Communications reported third-quarter 2025 results on November 3, 2025. Total revenues rose to $732.3 million from $667.6 million, but net income fell to $240.4 million from $255.9 million and diluted EPS fell to $2.20 from $2.40. The company also narrowed its full-year 2025 outlook, lowering the Adjusted EBITDA midpoint by $4.0 million on the timing of the Canada tower sale and Millicom site closings, and declared a $1.11 quarterly dividend.
Total revenues $732.3 million vs. $667.6 million a year earlier; site leasing revenue $656.4 million, up 4.9%
Net income $240.4 million vs. $255.9 million; diluted EPS $2.20 vs. $2.40
Full-year 2025 Adjusted EBITDA outlook $1,909 million to $1,919 million, $4.0 million lower at the midpoint than the August 4, 2025 outlook
Quarterly dividend of $1.11 per share, payable December 11, 2025 to holders of record on November 13, 2025
Sherwin-Williams said CFO Allen Mistysyn will retire effective December 31, 2025, and its board elected Benjamin Meisenzahl, the company's current SVP – Finance, as SVP – Finance and CFO effective January 1, 2026. The filing describes a planned succession process, which gives shareholders a known leadership transition timeline rather than an unplanned change.
Allen J. Mistysyn retires as SVP – Finance and CFO effective close of business December 31, 2025, and will take a short-term non-officer role afterward.
Benjamin E. Meisenzahl, 44, has been SVP – Finance since May 2023 and joined the company in January 2004.
Meisenzahl's base salary is $800,000, with a 2026 target annual cash incentive of 100% of salary and a maximum of 200%.
A conference call to discuss the announcement is scheduled for 10:00 a.m. EST on November 4, 2025.
AMERISAFE said its Executive Vice President and Chief Financial Officer, Anastasios Omiridis, will resign effective November 30, 2025, to pursue another opportunity, and that the departure is not due to a disagreement with the company. CEO G. Janelle Frost will assume principal financial and accounting officer duties while the company searches for a new CFO, which matters to shareholders because the finance leadership role will be vacant during the search.
Omiridis notified the company on October 31, 2025; he remains CFO until November 30, 2025.
The resignation is not due to a conflict or disagreement with the company's operations, policies or procedures.
CEO G. Janelle Frost will serve as principal financial officer and principal accounting officer during the CFO search.
The company plans to launch an executive search for a new Executive Vice President and Chief Financial Officer.
Louisiana-Pacific said CEO W. Bradley Southern will retire effective February 19, 2026, and its board appointed President Jason Ringblom to succeed him on the same date. The filing says LP will eliminate the office of President, and no compensation decisions tied to the promotion had been made as of the filing date.
Southern notified the board of his retirement on October 30, 2025, effective February 19, 2026.
Ringblom, who was promoted to President on April 7, 2025, will become CEO effective February 19, 2026.
LP will eliminate the office of President in connection with the promotion.
No compensation determinations related to Ringblom's promotion had been made as of the filing date.
Honeywell said Jim Currier, currently President and CEO of its Aerospace Technologies segment, has been selected to lead Honeywell Aerospace after its planned spin-off, and Craig Arnold has been selected as non-executive Chairman of that company's board. Arnold has also joined Honeywell's own Board of Directors effective immediately, pending election at the 2026 Annual Meeting of Shareowners. The spin-off is expected to be completed in the second half of 2026.
Jim Currier, 59, selected as President and CEO of Honeywell Aerospace, which will be an independent public company after the spin-off
Craig Arnold, 65, retired Chairman and CEO of Eaton Corporation, selected as non-executive Chairman of Honeywell Aerospace's board; he becomes Board Chair on completion of the spin-off
Arnold appointed to Honeywell's Board of Directors effective immediately and will stand for election at the 2026 Annual Meeting of Shareowners
Honeywell Aerospace had more than $15 billion in 2024 sales; spin-off expected in the second half of 2026
Blackstone's finance subsidiary Blackstone Reg Finance Co. completed a $1.2 billion senior notes offering, split into two $600 million tranches maturing in 2030 and 2036, and guaranteed by Blackstone Inc. and several of its subsidiaries. Blackstone said it intends to use the proceeds for general corporate purposes, and the notes add to the company's debt obligations.
$600 million of 4.300% senior notes due November 3, 2030, interest paid semiannually from May 3, 2026
$600 million of 4.950% senior notes due February 15, 2036, interest paid semiannually from February 15, 2026
Notes are unsecured and fully guaranteed by Blackstone Inc. and five Blackstone Holdings L.P. entities
Proceeds intended for general corporate purposes; offering was registered under a shelf registration filed December 2, 2024
Corebridge Financial reported third quarter 2025 net income of $144 million, or $0.27 per share, compared with a loss of $1.2 billion a year earlier. Operating EPS fell to $0.96 from $1.23, and adjusted pre-tax operating income dropped 29% to $654 million, partly due to an annual actuarial assumption update. The company also said it is looking forward to welcoming its next CEO.
Net income was $144 million ($0.27 per share) versus a loss of $1.2 billion ($2.02 per share loss) in Q3 2024.
Operating EPS was $0.96 versus $1.23 a year earlier; adjusted pre-tax operating income was $654 million, down 29%.
Premiums and deposits rose 34% to $12.3 billion; the company returned $509 million to shareholders, including $381 million in share repurchases.
The board declared a quarterly dividend of $0.24 per share, payable December 31, 2025, to holders of record on December 17, 2025.
Acadia Pharmaceuticals said director Daniel B. Soland resigned from its Board and from his role as Chair of the Nominating and Corporate Governance Committee, effective October 30, 2025. The filing states the resignation was not due to any dispute or disagreement with the company or the Board about its operations, policies or practices.
Daniel B. Soland notified the Board of his resignation on October 28, 2025.
Resignation is effective October 30, 2025, and covers his Board seat and his committee membership and chair role.
The filing says the resignation involved no dispute or disagreement with the company or the Board.
Crescent Energy reported third-quarter 2025 total revenues of $866.6 million, up from $744.9 million a year earlier, and a net loss attributable to the company of $9.5 million, or $0.04 per share, compared with a $9.9 million loss, or $0.07 per share, in the prior-year quarter. The company also improved its 2025 capital outlook by about 4% and is pursuing an approximately $3.1 billion all-stock acquisition of Vital Energy, expected to close in late fourth quarter 2025.
Q3 total revenues were $866.6 million versus $744.9 million; net loss attributable to Crescent was $9.5 million ($0.04 per share) versus $9.9 million ($0.07 per share) a year earlier.
Operating cash flow was $473 million, levered free cash flow $204 million and Adjusted EBITDAX $487 million; Adjusted Net Income was $88 million.
The 2025 capital outlook improved about 4% versus the original outlook, with production maintained when adjusted for divestitures.
Vital Energy acquisition valued at about $3.1 billion, inclusive of net debt; more than $700 million of non-core divestitures signed in September and October 2025.
Comstock Resources reported third quarter 2025 results, with net income of $118 million ($0.40 per diluted share) compared with a net loss of $25.7 million a year earlier. The result includes a $116.4 million unrealized hedging gain, and adjusted net income was $27.9 million ($0.09 per share), which management attributes largely to higher natural gas prices. The company also said it expects to close the $430 million Shelby Trough sale in December 2025 and use the proceeds to reduce long-term debt.
Total revenues were $449.9 million, up from $304.5 million in the third quarter of 2024.
Natural gas and oil sales including realized hedging gains were $335 million; operating cash flow was $190 million ($0.65 per diluted share).
Adjusted net income was $27.9 million ($0.09 per diluted share), compared with an adjusted net loss of $48.5 million a year earlier.
The $430 million Shelby Trough divestiture, agreed October 10, 2025, is expected to close in December 2025.
Williams reported third-quarter 2025 results with adjusted EBITDA of $1.920 billion, up 13% from a year earlier, and total revenues of $2.923 billion, up from $2.653 billion. GAAP net income available to common stockholders fell to $646 million, or $0.53 per diluted share, from $705 million, or $0.58, a year earlier, and the company reaffirmed its 2025 adjusted EBITDA guidance midpoint of $7.75 billion while raising its 2025 growth capital budget by $500 million.
Adjusted EBITDA was $1.920 billion, up $217 million or 13% from third quarter 2024; adjusted EPS was $0.49, up 14%.
GAAP net income was $646 million ($0.53 per diluted share), down from $705 million ($0.58) a year earlier, including a $25 million compression asset write-off.
Cash flow from operations rose 16% to $1.439 billion; AFFO rose 13% to $1.449 billion.
2025 adjusted EBITDA guidance midpoint of $7.75 billion was reaffirmed; 2025 growth capex was increased by $500 million to between $3.95 billion and $4.25 billion for the Louisiana LNG project with Woodside Energy.
Fabrinet reported fiscal first-quarter 2026 results for the quarter ended September 26, 2025, with revenue of $978.1 million and GAAP diluted EPS of $2.66, both up from the prior-year quarter. The company said revenue was above its guidance range and issued second-quarter guidance of $1.05 billion to $1.10 billion in revenue and $2.91 to $3.06 in GAAP diluted EPS.
Q1 revenue was $978.1 million, up from $804.2 million a year earlier.
GAAP net income was $95.9 million, or $2.66 per diluted share, versus $77.4 million, or $2.13, a year earlier.
Non-GAAP diluted EPS was $2.92, compared with $2.39 a year earlier.
Q2 guidance (quarter ending December 26, 2025): revenue of $1.05 billion to $1.10 billion; GAAP diluted EPS of $2.91 to $3.06.
CNO Financial Group reported third quarter 2025 net income of $23.1 million, or $0.24 per diluted share, up from $9.3 million, or $0.09, a year earlier, and total revenues of $1,188.7 million compared with $1,129.6 million. The results include a $96.7 million non-operating goodwill and other asset impairment tied to the Web Benefits Design and DirectPath acquisitions, and the company raised its run rate operating return on equity target by 50 basis points.
Net income was $23.1 million, or $0.24 per diluted share, versus $9.3 million, or $0.09, in 3Q24.
Net operating income was $127.2 million, or $1.29 per diluted share, versus $119.2 million, or $1.11, in 3Q24.
A $96.7 million non-operating charge covered goodwill and other asset impairment related to the 2019 and 2021 acquisitions of Web Benefits Design and DirectPath.
The operating ROE target was raised by 50 basis points, for 200 basis points of total improvement through 2027 from a 2024 run rate of 10%.
Insight Digital Partners II, a blank check company, closed its initial public offering of 17,250,000 units at $10.00 per unit on October 30, 2025, raising gross proceeds of $172.5 million, including the full exercise of the underwriters' over-allotment option. The full $172.5 million was placed in a trust account, and the funds generally cannot be released until the company completes an initial business combination or, if it does not, within 24 months of the IPO closing. The filing does not name a target business.
IPO closed October 30, 2025: 17,250,000 units at $10.00 each, including 2,250,000 units from the over-allotment option.
$172.5 million placed in a trust account maintained by Efficiency as trustee; funds generally held until a business combination or the 24-month deadline.
Private placement of 5,450,000 warrants at $1.00 each for $5.45 million; the sponsor bought 3,725,000 and Cohen & Company Capital Markets bought 1,725,000.
Sam Cassatt, Daniel Hume and Lok Lee were appointed independent directors on October 28, 2025, and each received Class B ordinary shares as director compensation.
Boise Cascade reported third quarter 2025 net income of $21.8 million, or $0.58 per diluted share, down from $91.0 million, or $2.33 per share, a year earlier. Sales were $1.67 billion, down 3%, as lower engineered wood product and plywood prices and volumes hit the Wood Products segment, which posted a loss. Shareholders also got a new $300.0 million buyback authorization and a $0.22 quarterly dividend.
Net income was $21.8 million, or $0.58 per diluted share, versus $91.0 million, or $2.33 per share, in Q3 2024.
Sales were $1,667.8 million, down 3% from $1,713.7 million, with Wood Products sales down 13%.
Wood Products posted a segment loss of $12.1 million, compared with segment income of $53.9 million a year earlier.
On October 30, 2025, the board authorized repurchases of up to $300.0 million of common stock and declared a $0.22 quarterly dividend payable December 17, 2025.
BWX Technologies reported third-quarter 2025 revenue of $866.3 million, up 29% from $672.0 million a year earlier, and GAAP diluted EPS of $0.89, up from $0.76. The company raised its 2025 non-GAAP EPS guidance to $3.75-$3.80 from $3.65-$3.75 and introduced a preliminary 2026 outlook for low-double-digit to low-teens adjusted EBITDA growth, which gives shareholders higher earnings expectations for the year.
Revenue was $866.3 million versus $672.0 million a year earlier; Commercial Operations revenue rose 122% to $251.0 million.
GAAP net income was $82.2 million versus $69.6 million, and non-GAAP EPS was $1.00 versus $0.83.
2025 non-GAAP EPS guidance was raised to $3.75-$3.80 from $3.65-$3.75; adjusted EBITDA guidance was narrowed to about $570 million, the mid-point of the prior range.
Backlog reached $7.4 billion, up 119% year over year, driven by large, multi-year special materials projects.
ONE Gas reported third-quarter 2025 net income of $26.5 million, or $0.44 per diluted share, up from $19.3 million, or $0.34, a year earlier. The company narrowed its 2025 diluted EPS guidance to $4.34 to $4.40 from $4.32 to $4.42, with the midpoint unchanged, and declared a quarterly dividend of $0.67 per share for shareholders.
Q3 2025 net income was $26.5 million, or $0.44 per diluted share, versus $19.3 million, or $0.34, in Q3 2024.
Year-to-date 2025 net income was $177.9 million, or $2.94 per diluted share, versus $145.8 million, or $2.56, a year earlier.
2025 diluted EPS guidance narrowed to $4.34 to $4.40 from $4.32 to $4.42; net income guidance is $262 million to $266 million.
Dividend of $0.67 per share is payable December 1, 2025, to holders of record on November 14, 2025.
Tennant reported third quarter 2025 net sales of $303.3 million, down 4.0% from a year earlier, while GAAP net income fell 28.4% to $14.9 million. Adjusted diluted EPS rose 5.0% to $1.46, and the company reaffirmed its full-year net sales and Adjusted EBITDA ranges but now expects organic growth marginally below its prior range, with Adjusted EBITDA toward the low end of $196 million to $209 million.
Q3 net sales of $303.3 million fell 4.0%, with a 5.4% organic decline driven mainly by volume in the Americas.
GAAP diluted EPS was $0.80 versus $1.09, while adjusted diluted EPS was $1.46 versus $1.39.
Adjusted EBITDA rose 4.0% to $49.8 million, and the margin widened 120 basis points to 16.4%.
2025 guidance: net sales $1.210 billion to $1.250 billion reaffirmed; organic growth now projected marginally below the prior (1)% to (4)% range.
Eastman Chemical reported third-quarter 2025 sales of $2.2 billion, down 11% from $2.46 billion a year earlier, and GAAP diluted EPS of $0.40 versus $1.53. The company attributed the decline mainly to lower sales volume, weak consumer demand, and customers reducing tariff-related inventory. It projects full-year 2025 adjusted EPS of $5.40 to $5.65 and operating cash flow approaching $1 billion, which shareholders will weigh against the sharp year-over-year drop in earnings.
Q3 2025 sales were $2,202 million versus $2,464 million in Q3 2024, down 11%; adjusted EBIT was $210 million versus $366 million.
Q3 2025 adjusted diluted EPS was $1.14 versus $2.26 a year earlier; GAAP diluted EPS was $0.40 versus $1.53.
Operating cash flow was $402 million, compared with $396 million in Q3 2024, helped by $204 million of inventory reduction.
Full-year 2025 adjusted diluted EPS is projected at $5.40 to $5.65, and the company expects to reduce costs by more than $75 million net of inflation in 2025.
Sarepta reported third-quarter 2025 total revenues of $399.4 million, down 15% from $467.2 million a year earlier, and a GAAP net loss of $179.9 million, or $1.80 per diluted share, compared with GAAP net income of $33.6 million a year earlier. The filing also disclosed that the ESSENCE confirmatory trial for AMONDYS 45 and VYONDYS 53 did not reach statistical significance on its primary endpoint, and the company plans to meet with the FDA about a path to traditional approval.
Total revenues were $399.4 million versus $467.2 million a year earlier; ELEVIDYS net product revenue fell $49.5 million after shipments to non-ambulatory patients in the U.S. were suspended in June 2025.
GAAP diluted loss per share was $1.80, compared with earnings of $0.34; non-GAAP diluted loss per share was $0.13, compared with earnings of $0.64.
A $138.6 million loss on debt extinguishment and $40.5 million in restructuring charges were recorded in the quarter.
Cash, cash equivalents, restricted cash and investments were $865.2 million at September 30, 2025, down from $1,503.5 million at December 31, 2024.
Ensign Group reported third-quarter 2025 GAAP diluted earnings per share of $1.42, up 6.0% from the prior year, and total revenue of $1.30 billion, up 19.8%. The company raised its full-year 2025 diluted EPS and revenue guidance, which signals higher expected earnings and sales for shareholders.
Q3 GAAP diluted EPS was $1.42 versus $1.34 a year earlier; adjusted diluted EPS was $1.64, up 18.0%
Q3 total revenue was $1.30 billion, up 19.8%; GAAP net income was $83.8 million
2025 diluted EPS guidance raised to $6.48 to $6.54 from $6.34 to $6.46; revenue guidance raised to $5.05 billion to $5.07 billion from $4.99 billion to $5.02 billion
Cash on hand was $443.7 million at September 30, 2025; quarterly dividend of $0.0625 per share was paid
Upwork reported third-quarter 2025 revenue of $201.7 million, up 4% year over year, and net income of $29.3 million, up 6%. The company raised its full-year 2025 revenue and adjusted EBITDA guidance, while its fourth-quarter revenue guidance of $193 million to $198 million is below the third-quarter result.
Q3 2025 revenue of $201.7 million, up 4% year over year; net income of $29.3 million, up 6%
Diluted EPS of $0.21 versus $0.20 in Q3 2024; adjusted EBITDA of $59.6 million, up 38%
Full-year 2025 revenue guidance raised to $782 million to $787 million; adjusted EBITDA guidance raised to $222 million to $225 million
Q4 2025 revenue guidance of $193 million to $198 million; Q4 adjusted EBITDA guidance of $49 million to $52 million
UFP Technologies reported third-quarter 2025 sales of $154.6 million, up 6.5%, while net income of $16.4 million and diluted EPS of $2.11 were flat with a year earlier. Higher costs, including about $3 million in incremental labor expense at its Illinois AJR facility, pushed gross margin down to 27.7% and operating income down 5.6%. Nine-month sales rose 26.0% to $453.9 million and diluted EPS rose to $6.52 from $5.49, though the filing gives no forward guidance.
Q3 2025 sales were $154.6 million, up 6.5% from $145.2 million; organic sales were essentially flat.
Q3 diluted EPS was $2.11, the same as Q3 2024; adjusted EPS was $2.39 versus $2.49.
Gross margin fell to 27.7% from 28.6%, and about $3 million in incremental labor cost was incurred at the AJR facility.
Nine-month net income was $50.7 million, or $6.52 per diluted share, versus $42.6 million, or $5.49, a year earlier.
Solaris Energy Infrastructure reported third quarter 2025 revenue of $167 million, up 12% from the second quarter, and net income of $25 million, or $0.31 per diluted share. The company raised its fourth quarter 2025 Total Adjusted EBITDA guidance to $65-70 million from $58-63 million and issued first quarter 2026 guidance of $70-75 million, while its Logistics Solutions segment revenue and EBITDA declined.
Revenue of $167 million rose 12% from the second quarter of 2025; Solaris Power Solutions revenue of $105 million rose 39%.
Net income of $25 million, or $0.31 per diluted share, compared with $0.30 per diluted share in the second quarter of 2025.
Fourth quarter 2025 Total Adjusted EBITDA guidance raised to $65-70 million from $58-63 million; first quarter 2026 guidance set at $70-75 million.
Logistics Solutions revenue fell 16% to $62 million and segment Adjusted EBITDA fell 23% to $17 million.
Apple Hospitality REIT reported third-quarter 2025 net income of $50.9 million, down 9.6% from a year earlier, and EPS of $0.21 versus $0.23. The company lowered its full-year 2025 net income guidance by $5.5 million at the midpoint and cut its RevPAR change outlook by 100 basis points, citing year-to-date performance and the potential effect of economic uncertainty and the government shutdown. Shareholders face lower reported earnings and a weaker hotel revenue outlook, though Adjusted EBITDAre guidance was raised slightly.
Q3 2025 net income was $50.9 million versus $56.3 million in Q3 2024; EPS was $0.21 versus $0.23.
Q3 2025 Adjusted EBITDAre was $122.1 million, down 5.3%; Comparable Hotels RevPAR was $124.01, down 1.8%.
2025 net income guidance is $162 million to $175 million, decreased by $5.5 million at the midpoint; Comparable Hotels RevPAR change guidance is (2.00%) to (1.00%), down 100 bps at the midpoint.
2025 Adjusted EBITDAre guidance is $435 million to $444 million, increased by $0.3 million at the midpoint.
Safety Insurance Group reported third quarter 2025 net income of $28.3 million, or $1.91 per diluted share, up from $25.9 million, or $1.73, a year earlier. The combined ratio improved to 98.9% from 100.7%, and the board approved a $0.92 quarterly dividend. The company also said it intends to resume share repurchases, with $44.76 million remaining under its $200 million authorization.
Net income of $28.3 million, or $1.91 per diluted share, versus $25.9 million, or $1.73, in Q3 2024
Non-GAAP operating income of $1.48 per diluted share, versus $1.10 in Q3 2024
Net earned premiums rose 12.5% to $291.0 million; combined ratio improved to 98.9% from 100.7%
Quarterly dividend of $0.92 per share, payable December 15, 2025 to holders of record on December 1, 2025
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