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).
NW Natural Holdings reported a third-quarter 2025 net loss of $29.9 million, or $0.73 per share, compared with a net loss of $0.71 per share a year earlier. For the first nine months, it reported net income of $1.36 per share versus $0.88 a year earlier, and it expects 2025 results to be above the midpoint of its updated GAAP EPS guidance range of $2.59 to $2.79, with the update reflecting transaction and business development costs.
Q3 2025 net loss of $0.73 per share, compared with a $0.71 per share net loss in Q3 2024
Nine-month 2025 net income of $1.36 per share, compared with $0.88 per share a year earlier
2025 GAAP EPS guidance of $2.59 to $2.79 updated; company expects results above the midpoint
Quarterly dividend of $0.4925 per share declared, payable Nov. 14, 2025
Kodiak Gas Services reported a third-quarter 2025 net loss attributable to common shareholders of $14.0 million, or $0.17 per diluted share, compared with net income of $39.5 million in the second quarter. The loss included a $33.3 million loss on disposal of its Mexico operations and a $28.0 million sales and use tax reserve, while adjusted net income was $31.5 million, or $0.36 per adjusted diluted share. The company raised its full-year 2025 discretionary cash flow guidance to $450 million to $470 million and kept its other guidance metrics unchanged.
Q3 2025 total revenues were $322.7 million, compared with $324.6 million in Q3 2024.
Net loss of $14.0 million included a $33.3 million loss on the Mexico disposal and a $28.0 million sales tax reserve increase.
Discretionary cash flow was $116.7 million, up 13.2% from Q3 2024.
Full-year 2025 discretionary cash flow guidance was raised to $450 million to $470 million; the company also declared a quarterly dividend of $0.49 per share.
On November 4, 2025, Bloom Energy issued $2.5 billion of 0% convertible senior notes maturing November 15, 2030, including $300 million from the full exercise of the initial purchasers' option. Concurrently, it agreed to exchange $532.8 million of 2028 notes and $443.1 million of 2029 notes for cash and Class A shares, and the filing says the notes could be converted into a maximum of 19,554,000 shares, which may dilute existing shareholders.
$2.5 billion principal of notes issued November 4, 2025, including $300 million from the option exercise
Initial conversion price of about $194.97 per share, a premium of about 52.50% over the $127.85 last reported sale price on October 30, 2025
Exchange transactions use about $988.4 million of cash and about 24.3 million and 18.1 million Class A shares to retire existing 2028 and 2029 notes
Ashland reported fourth-quarter fiscal 2025 sales of $478 million, down 8% from $522 million, and adjusted EBITDA of $119 million, down 4%, with portfolio optimization actions cutting sales by about $38 million. The company also issued fiscal 2026 guidance of $1,835 million to $1,905 million in sales and $400 million to $430 million in adjusted EBITDA, and said it received a $103 million tax refund in October.
Q4 sales $478 million, down 8% from $522 million; pricing declined 2%
Q4 adjusted EBITDA $119 million, down 4% from $124 million; adjusted diluted EPS excluding intangibles amortization $1.08 versus $1.26
Fiscal 2026 guidance: sales $1,835 million to $1,905 million; adjusted EBITDA $400 million to $430 million
Fiscal 2025 net loss $845 million, including a $706 million goodwill impairment; $103 million tax refund received in October
Ovintiv reported third-quarter 2025 net earnings of $148 million, or $0.57 per diluted share, down from $507 million in the same period of 2024. The quarter included a $108 million after-tax non-cash impairment, and total revenues fell to $2.07 billion from $2.32 billion. The company raised its full-year 2025 production guidance while keeping its capital investment range unchanged, and declared a $0.30 per share quarterly dividend.
Q3 2025 net earnings were $148 million ($0.57 per diluted share), versus $507 million ($1.92 per diluted share) in Q3 2024; the quarter included a $108 million after-tax ceiling test impairment.
Full-year 2025 production guidance raised to 610 to 620 MBOE/d from 600 to 620 MBOE/d; full-year capital investment maintained at $2.125 billion to $2.175 billion.
Q3 2025 cash from operating activities was $812 million and Non-GAAP Free Cash Flow was $351 million.
Board declared a $0.30 per share dividend, payable December 31, 2025, to holders of record on December 15, 2025.
Chord Energy reported third quarter 2025 results, with net income of $130.1 million ($2.26 per diluted share), down from $225.3 million ($3.59 per diluted share) a year earlier, while oil, NGL and natural gas revenue fell to $966.8 million from $1,121.0 million. The company raised its full-year 2025 oil volume guidance, closed the $542.2 million acquisition of Williston Basin assets from XTO Energy on October 31, 2025, and declared a $1.30 per share base dividend.
Q3 2025 net income was $130.1 million ($2.26 per diluted share), versus $225.3 million ($3.59 per diluted share) in Q3 2024 and a net loss of $6.77 per diluted share in Q2 2025.
Oil, NGL and natural gas revenue was $966.8 million, compared with $1,121.0 million in Q3 2024.
FY25 oil volume guidance was raised, with FY25 CapEx guidance of $1.35 billion at midpoint unchanged excluding $15 million added for XTO volumes.
A base dividend of $1.30 per share is payable December 5, 2025 to holders of record on November 19, 2025; $83.0 million was spent on share repurchases in Q3.
Corteva reported third-quarter net sales of $2.62 billion, up 13% from a year earlier, and a GAAP loss from continuing operations of $308 million, narrower than the $519 million loss in the prior-year quarter. The company raised its full-year 2025 guidance, now expecting operating EPS of $3.25 to $3.35 per share and operating EBITDA of $3.8 billion to $3.9 billion. Shareholders will also be watching the planned separation into two independent public companies, expected in the second half of 2026.
Q3 2025 net sales were $2.62 billion, up 13% from $2.33 billion in Q3 2024 (organic sales up 11%).
Q3 2025 GAAP loss from continuing operations after tax was $308 million, versus a $519 million loss in Q3 2024.
Full-year 2025 guidance: net sales $17.7 billion to $17.9 billion, operating EBITDA $3.8 billion to $3.9 billion, operating EPS $3.25 to $3.35 per share.
Company expects to repurchase approximately $1.0 billion of shares in 2025 and plans to separate into two companies in the second half of 2026.
Aflac reported third quarter 2025 net earnings of $1.6 billion, or $3.08 per diluted share, compared with a net loss of $93 million a year earlier, and adjusted earnings of $1.3 billion, up 9.6%. For the first nine months, net earnings fell 36.0% to $2.3 billion, and the company also declared a $0.58 fourth quarter dividend and repurchased $1.0 billion of its shares in the quarter.
Q3 net earnings $1.6 billion, or $3.08 per diluted share, versus a net loss of $93 million, or $0.17 per share, in Q3 2024
Q3 adjusted earnings per diluted share rose 15.3% to $2.49; net investment gains of $275 million drove the GAAP result
Nine-month total revenues fell 9.1% to $12.3 billion and net earnings fell 36.0% to $2.3 billion
Board declared a fourth quarter dividend of $0.58 per share, payable December 1, 2025; $1.0 billion repurchased 9.3 million shares in Q3
Par Pacific reported third quarter 2025 net income of $262.6 million, or $5.16 per diluted share, compared with $7.5 million, or $0.13 per diluted share, in the same quarter of 2024. The results include a $195.9 million gain in Adjusted Net Income tied to EPA small refinery exemptions granted in August 2025 for the 2019-2024 compliance years, which matters to shareholders because it accounts for a large share of the quarter's profit.
Net income of $262.6 million, or $5.16 per diluted share, versus $7.5 million, or $0.13 per diluted share, in Q3 2024.
Adjusted Net Income of $302.6 million, or $5.95 per diluted share, including a $195.9 million small refinery exemption impact.
Adjusted EBITDA of $372.5 million, including a $202.6 million small refinery exemption impact, versus $51.4 million in Q3 2024.
Repurchased $16.4 million of common stock in the quarter; closed the Hawaii Renewables joint venture in October 2025 for $100 million in cash proceeds.
Everus Construction Group reported record third quarter 2025 revenue of $986.8 million, up 29.7%, and net income of $57.0 million, up 36.4%, with diluted EPS of $1.11. The company raised its full-year 2025 revenue and EBITDA guidance, which signals stronger expected results for shareholders.
Q3 2025 net income $57.0 million, up 36.4%; diluted EPS $1.11 versus 82 cents a year earlier
Raised 2025 revenue guidance to $3.55 billion to $3.65 billion, from $3.3 billion to $3.4 billion
Raised 2025 EBITDA guidance to $290 million to $300 million, from $240 million to $255 million
Backlog of $2.95 billion as of Sept. 30, 2025, up 2.1% from a year earlier
Horace Mann reported third-quarter 2025 net income of $58.3 million, or $1.40 per diluted share, up from $34.3 million, or $0.83, a year earlier. The company also raised its full-year 2025 core earnings per share guidance to a range of $4.50 to $4.70, which gives shareholders a higher outlook for the year.
Q3 2025 net income was $58.3 million, or $1.40 per diluted share, versus $34.3 million, or $0.83, in Q3 2024
Q3 2025 core earnings were $56.6 million, or $1.36 per diluted share, versus $34.4 million, or $0.83, a year earlier
Total revenues rose 6.4% to $438.5 million for the quarter
Full-year 2025 core EPS guidance increased to $4.50 to $4.70; Property & Casualty combined ratio was 87.8% for the quarter
O-I Glass reported third-quarter 2025 net earnings attributable to the company of $0.19 per diluted share, compared with a loss of $0.52 a year earlier, on net sales of $1.7 billion (flat year over year). The company raised its full-year 2025 adjusted earnings per share guidance to $1.55 to $1.65 from $1.30 to $1.55, while its free cash flow guidance of $150 million to $200 million was unchanged because of higher restructuring costs.
Q3 net sales were $1,653 million versus $1,679 million in the prior-year quarter; earnings before income taxes were $58 million versus a loss of $57 million.
Segment operating profit rose to $235 million from $144 million, with margins up 570 basis points, driven mainly by lower operating costs.
Adjusted EPS was $0.48 versus an adjusted loss of $0.04; full-year 2025 adjusted EPS guidance was raised to $1.55 to $1.65.
Full-year 2025 free cash flow guidance remains $150 million to $200 million, including about $150 million in cash restructuring costs.
Exelixis reported third-quarter 2025 total revenues of $597.8 million, up from $539.5 million a year earlier, and GAAP diluted earnings per share of $0.69, up from $0.40. The company raised the low end of its 2025 total revenue guidance and authorized a stock repurchase program of up to $750 million that runs through December 31, 2026.
Q3 2025 total revenues $597.8 million vs. $539.5 million in Q3 2024; net product revenues $542.9 million vs. $478.1 million
GAAP net income $193.6 million ($0.69 diluted EPS) vs. $118.0 million ($0.40) a year earlier; non-GAAP diluted EPS $0.78 vs. $0.47
2025 total revenue guidance raised to $2.30 billion-$2.35 billion from $2.25 billion-$2.35 billion; R&D expense guidance lowered to $850 million-$900 million from $925 million-$975 million
Board authorized repurchase of up to $750 million of common stock before December 31, 2026; Q3 restructuring expenses were $19.8 million
LTC Properties reported a third-quarter 2025 net loss available to common stockholders of $20.1 million, or $0.44 per diluted share, compared with net income of $29.2 million, or $0.66 per diluted share, a year earlier. The loss reflects a $41.5 million non-cash write-off of straight-line effective interest tied to a penalty-free prepayment option granted to a borrower, while total revenues rose to $69.3 million from $55.8 million and diluted Core FFO per share was $0.69 versus $0.68. The company raised its full-year 2025 guidance, which now includes diluted earnings per share of $2.45 to $2.47.
Q3 2025 total revenues were $69.3 million, up from $55.8 million in Q3 2024.
Net loss available to common stockholders was $20.1 million, or $0.44 per diluted share, including a $41.5 million non-cash write-off.
Diluted Core FFO per share was $0.69 for Q3 2025, compared with $0.68 a year earlier.
Full-year 2025 guidance raised: diluted EPS $2.45 to $2.47 and diluted Core FFO per share $2.69 to $2.71.
Kyndryl reported fiscal second-quarter 2026 revenue of $3.7 billion, down 1% year over year, while net income rose to $68 million, or $0.29 per diluted share, from a net loss of $43 million a year earlier. The company reaffirmed its fiscal 2026 outlook and announced a $400 million increase to its share repurchase authorization, which matters to shareholders because it reflects both a profit swing and a larger capital return program alongside a revenue decline.
Revenue was $3.7 billion, down 1% reported and down 3.7% in constant currency, which the company attributed to reducing low-margin third-party content and longer sales cycles.
Net income was $68 million, or $0.29 per diluted share, versus a net loss of $43 million, or $0.19 per share, in the prior-year quarter.
Adjusted EBITDA was $641 million, up 15% year over year; free cash flow was $22 million.
The board added $400 million to the share repurchase program, on top of the $300 million program from November 2024, under which 7.3 million shares had been repurchased for $249 million as of September 30, 2025.
Wyndham Hotels & Resorts said its Chief Financial Officer, Michele Allen, is leaving the company effective November 4, 2025, to pursue a career opportunity outside the hotel industry. Treasurer Kurt Albert was named interim CFO, and the company reaffirmed its full-year 2025 outlook.
Michele Allen departs effective November 4, 2025, and serves in an advisory role through December 31, 2025
Kurt Albert, Treasurer since May 2024, becomes interim CFO with a base salary of $500,000 and a target incentive of 75% of salary
Allen's separation agreement provides $1,500,000 in cash compensation and partial vesting of long-term incentive awards
Wyndham plans a comprehensive search for a permanent CFO and reaffirmed its full-year 2025 outlook
Assurant reported third-quarter 2025 GAAP net income of $265.6 million, up 99% from $133.8 million a year earlier, with diluted EPS of $5.17 versus $2.55. The company raised its 2025 outlook, now expecting Adjusted EBITDA excluding reportable catastrophes to grow approaching 10% and Adjusted EPS excluding reportable catastrophes to grow low double digits, and plans $300 million of share repurchases for the full year.
Q3 2025 GAAP net income was $265.6 million, up 99% from $133.8 million; diluted EPS was $5.17 versus $2.55.
Adjusted EBITDA excluding reportable catastrophes rose 13% to $433.5 million; Adjusted EPS excluding reportable catastrophes was $5.76 versus $5.08.
2025 outlook raised: Adjusted EBITDA excluding reportable catastrophes now expected to approach 10% growth; Adjusted EPS excluding reportable catastrophes now expected to deliver low double-digit growth.
Full-year 2025 share repurchases planned at $300 million, at the top of the expected range; $141 million remains under the current repurchase authorization as of October 31, 2025.
Kratos reported third quarter 2025 revenue of $347.6 million, up from $275.9 million a year earlier, and net income of $8.7 million, or $0.05 per diluted share, versus $3.2 million, or $0.02, in the same period of 2024. The company raised its full year 2025 revenue guidance to $1.320 billion to $1.330 billion and raised its 2026 organic revenue growth forecast to 15 percent to 20 percent, though third quarter operating cash flow was negative $13.3 million.
Q3 2025 revenue of $347.6 million, up 26.0 percent from $275.9 million; Adjusted EBITDA of $30.8 million versus $24.6 million
Net income of $8.7 million, or $0.05 per diluted share, versus $3.2 million, or $0.02, in Q3 2024
Cash flow used in operations was $13.3 million in Q3 2025, with free cash flow use of $41.3 million after $28.0 million in capital expenditures
Supernus reported third-quarter 2025 total revenue of $192.1 million, up 9% from a year earlier, but posted a net loss of $45.1 million, or $0.80 per diluted share, compared with net earnings of $38.5 million a year earlier. The company raised its full-year 2025 revenue guidance and narrowed its operating loss guidance, but said supplier constraints are forcing it to pause new ONAPGO patient deliveries while it rebuilds inventory.
Total revenue was $192.1 million for the quarter, up 9%; combined revenue of the four growth products rose 52% to $149.2 million.
Net loss was $45.1 million ($0.80 per diluted share), driven by higher SG&A that included approximately $70.0 million of Sage acquisition-related costs.
Full-year 2025 total revenue guidance was raised to $685 million to $705 million from $670 million to $700 million; GAAP operating loss guidance is now $(65) million to $(75) million, versus $(70) million to $(80) million previously.
Supernus is pausing delivery to patients who have not yet started ONAPGO and will provide timely updates on resolving the supply constraint.
CAVA Group reported fiscal third-quarter 2025 revenue of $292.2 million, up from $243.8 million a year earlier, but net income fell to $14.7 million from $18.0 million. The company also lowered its fiscal full-year 2025 guidance for same restaurant sales growth, restaurant-level profit margin and Adjusted EBITDA, which signals weaker expected profitability for shareholders.
Total revenue was $292.2 million, up from $243.8 million; CAVA Same Restaurant Sales Growth was 1.9%.
Net income was $14.7 million, or $0.12 per diluted share, versus $18.0 million, or $0.15 per diluted share, in the prior-year quarter.
Full-year 2025 same restaurant sales growth guidance was cut to 3.0% to 4.0% from 4.0% to 6.0%.
Full-year Adjusted EBITDA guidance was lowered to $148.0 million to $152.0 million from $152.0 million to $159.0 million.
Lumentum reported fiscal first-quarter 2026 net revenue of $533.8 million, up 58.4% from a year earlier and 11.0% from the prior quarter, with GAAP net income of $4.2 million, or $0.05 per diluted share, compared with a GAAP net loss of $82.4 million a year earlier. The company guided second-quarter fiscal 2026 net revenue to $630 million to $670 million and non-GAAP diluted earnings per share to $1.30 to $1.50.
Net revenue $533.8 million, up 58.4% year over year and 11.0% sequentially from $480.7 million
GAAP net income $4.2 million, or $0.05 per diluted share, versus a GAAP net loss of $82.4 million in the year-earlier quarter
Non-GAAP diluted EPS $1.10 versus $0.18 a year earlier; non-GAAP operating margin 18.7%
Q2 fiscal 2026 outlook: net revenue $630 million to $670 million; non-GAAP operating margin 20.0% to 22.0%
Axon reported third-quarter 2025 revenue of $711 million, up 31% year over year, and a GAAP net loss of $2 million, or $(0.03) per diluted share. The company raised its full-year 2025 revenue outlook to approximately $2.74 billion from a prior range of $2.65 billion to $2.73 billion, which points to higher expected revenue for shareholders.
Q3 2025 revenue of $711 million, up 31% year over year; Software & Services revenue rose 41% to $305 million
GAAP net loss of $2 million, or $(0.03) per diluted share; non-GAAP net income of $98 million, or $1.17 per diluted share
Full-year 2025 revenue outlook raised to approximately $2.74 billion from $2.65 billion to $2.73 billion; Q4 revenue expected at $750 million to $755 million
Mercury Systems reported first-quarter fiscal 2026 revenue of $225.2 million, up from $204.4 million a year earlier, and a GAAP net loss of $12.5 million, down from $17.5 million. On November 4, 2025, it also signed a new five-year $850.0 million revolving credit facility maturing in 2030, which replaces its existing $900.0 million revolver, and its board authorized a $200.0 million share repurchase program.
Q1 fiscal 2026 revenue was $225.2 million, up from $204.4 million; adjusted EBITDA was $35.6 million, up from $21.5 million.
GAAP net loss was $12.5 million, or $0.21 per share, compared with a net loss of $17.5 million, or $0.30 per share, a year earlier.
New $850.0 million revolving credit facility matures November 4, 2030; $591.5 million was outstanding before and after the amendment.
Board authorized on November 3, 2025 a share repurchase program of up to $200.0 million with no expiration date.
Toast reported third-quarter 2025 results on November 4, 2025, with total revenue of $1.6 billion, up from $1.3 billion a year earlier, and net income of $105 million, compared with $56 million. The company raised its full-year 2025 Adjusted EBITDA outlook to $610 million to $620 million, up from $565 million to $585 million, and gave a fourth-quarter Adjusted EBITDA range of $140 million to $150 million.
Q3 2025 net income was $105 million, versus $56 million in Q3 2024; diluted EPS was $0.16, versus $0.07.
Q3 2025 Adjusted EBITDA was $176 million, versus $113 million in Q3 2024.
Full-year 2025 Adjusted EBITDA outlook raised to $610 million-$620 million from $565 million-$585 million.
Annualized recurring run-rate (ARR) grew 30% to $2.0 billion as of September 30, 2025.
Qualys reported third-quarter 2025 revenue of $169.9 million, up 10% from a year earlier, and GAAP net income of $50.3 million, or $1.39 per diluted share, compared with $1.24 a year earlier. The company raised its full-year 2025 revenue and GAAP earnings per share guidance, which matters to shareholders because it signals higher expected results for the year.
Q3 2025 revenue of $169.9 million, up from $153.9 million in Q3 2024
GAAP net income of $50.3 million, or $1.39 per diluted share, versus $1.24 in Q3 2024
Full-year 2025 revenue guidance raised to $665.8 million to $667.8 million from $656.0 million to $662.0 million; GAAP EPS guidance raised to $5.23 to $5.30 from $4.47 to $4.77
Matson reported third quarter 2025 net income of $134.7 million, or $4.24 per diluted share, down from $199.1 million, or $5.89 per share, a year earlier, on revenue of $880.1 million versus $962.0 million. The company now expects fourth quarter 2025 consolidated operating income to be approximately 30% lower than the $147.5 million achieved in the fourth quarter 2024, citing lower China freight rates and volume.
Q3 2025 diluted EPS of $4.24 versus $5.89 in Q3 2024; net income $134.7 million versus $199.1 million
Q3 2025 consolidated operating income of $161.0 million versus $242.3 million; China container volume down 12.8%
Q4 2025 consolidated operating income expected to be approximately 30% lower than $147.5 million in Q4 2024
Repurchased approximately 0.6 million shares for $66.4 million in Q3; declared $0.36 per share dividend payable December 4, 2025
Astera Labs reported record third-quarter 2025 revenue of $230.6 million, up 20% from the prior quarter and 104% from a year earlier, and GAAP net income of $91.1 million, compared with a net loss of $7.6 million in the third quarter of 2024. The quarter's net income included a GAAP income tax benefit of $24.3 million. The company also guided fourth-quarter revenue to $245 million to $253 million and said it entered a definitive agreement to acquire aiXscale Photonics GmbH.
GAAP diluted EPS of $0.50 and GAAP net income of $91.1 million, versus a net loss of $7.6 million a year earlier
Non-GAAP diluted EPS of $0.49, excluding stock-based compensation expense of $40.7 million in the quarter
Fourth-quarter 2025 outlook: revenue of $245 million to $253 million and GAAP diluted EPS of approximately $0.20
Definitive agreement to acquire aiXscale Photonics GmbH; the filing does not disclose the purchase price
MasterBrand reported third quarter 2025 net sales of $698.9 million, down 2.7% from a year earlier, and diluted earnings per share of $0.14 versus $0.22. The company updated its full-year 2025 outlook to account for the expected impact of recently enacted tariffs, and it said the outlook excludes the pending American Woodmark merger. The weaker profit and the tariff-related guidance update matter to shareholders because they signal pressure on earnings and cash flow ahead of the merger.
Q3 2025 net sales were $698.9 million, down 2.7% year over year; net income was $18.1 million versus $29.1 million
Diluted EPS was $0.14 versus $0.22; adjusted diluted EPS was $0.33 versus $0.40
2025 adjusted EBITDA guidance is $315 million to $335 million; adjusted diluted EPS guidance is $1.01 to $1.13
Thirty-nine week free cash flow was $65.0 million, versus $142.3 million a year earlier
Veracyte reported third-quarter 2025 results on November 4, 2025, with total revenue up 14% to $131.9 million and GAAP net income of $19.1 million, up from $15.2 million a year earlier. The company raised its full-year 2025 total revenue and testing revenue guidance, which signals higher expected sales for shareholders, though GAAP results included a $6.7 million loss tied to the deconsolidation of Veracyte SAS.
Total revenue rose to $131.9 million from $115.9 million; testing revenue rose 17% to $127.8 million.
GAAP net income was $19.1 million, or $0.24 per diluted share, versus $15.2 million, or $0.19, a year earlier; results included a $6.7 million loss from the deconsolidation of Veracyte SAS.
Full-year 2025 total revenue guidance was raised to $506 million to $510 million from $496 million to $504 million.
Adjusted EBITDA was $39.7 million, or 30.1% of revenue, compared with 23.6% a year earlier.
Marathon Petroleum said its board elected Chief Executive Officer Maryann T. Mannen as chairman, effective January 1, 2026, succeeding Michael J. Hennigan, who is retiring as executive chairman and director. Mannen will hold the chairman role alongside her CEO duties, and the board will shrink to 11 directors on that date.
Maryann T. Mannen, current president and CEO, becomes chairman effective January 1, 2026.
Michael J. Hennigan retires as executive chairman and board member effective January 1, 2026.
John Surma continues as independent lead director.
The board's size will decrease to 11 directors as of the effective date; the mandatory retirement policy has been rescinded.
Tanger reported third-quarter 2025 net income available to common shareholders of $0.28 per share, or $31.8 million, up from $0.22 per share a year earlier, and FFO of $0.60 per share, up from $0.54. The company raised its full-year 2025 estimated diluted FFO range to $2.28 to $2.32 per share from $2.24 to $2.31, which supports shareholder returns tied to cash earnings.
Q3 2025 FFO available to common shareholders was $0.60 per share, or $71.1 million, versus $0.54 per share, or $62.7 million, a year earlier.
Full-year 2025 estimated diluted FFO per share is now $2.28 to $2.32, up from $2.24 to $2.31; estimated diluted EPS is $0.95 to $0.99, versus $0.93 to $1.00 previously.
Same center NOI rose 4.0% to $102.3 million in Q3 2025; occupancy was 97.4% at September 30, 2025.
Quarterly dividend of $0.2925 per share is payable November 14, 2025 to holders of record on October 31, 2025.
Trex reported third-quarter 2025 net sales of $285 million, up 22.1% from a year earlier, and net income of $52 million, or $0.48 per diluted share, versus $0.37 a year earlier. The company lowered its full-year 2025 sales outlook to $1.15 billion to $1.16 billion, about flat with 2024, and revised its adjusted EBITDA margin guidance to 28.0% to 28.5%, citing weaker repair and remodel demand and lower channel inventories. The board also authorized a $50 million share repurchase program.
Q3 2025 net sales $285 million, up 22.1%; adjusted diluted EPS $0.51 versus $0.37 in Q3 2024
Q4 2025 sales expected to range from $140 million to $150 million
Year-to-date net income $188 million, or $1.75 per diluted share, versus $217 million, or $1.99, in the first nine months of 2024
2026 gross margin expected to fall by about 250 basis points; the board authorized a $50 million share repurchase program
Grocery Outlet reported third-quarter fiscal 2025 net sales up 5.4% to $1.17 billion, with comparable store sales up 1.2%. Net income fell to $11.6 million, or $0.12 per diluted share, from $24.2 million, or $0.24, a year earlier, and the company lowered its fiscal 2025 comparable store sales and adjusted EBITDA guidance, which matters to shareholders because it signals weaker same-store growth and profit than previously expected.
Q3 net sales rose 5.4% to $1.17 billion; comparable store sales rose 1.2%, though management said same store sales did not meet its expectations.
Q3 net income was $11.6 million, or $0.12 per diluted share, versus $24.2 million, or $0.24, last year; adjusted EPS was $0.21 versus $0.28.
Fiscal 2025 comparable store sales guidance was cut to 0.6% to 0.9% from 1.0% to 2.0%; adjusted EBITDA guidance was cut to $258 million to $262 million from $260 million to $270 million.
For the 39 weeks, the company reported a net loss of $6.8 million, or $(0.07) per diluted share, including $46.3 million in restructuring charges.
Columbia Banking System, Inc. (Nasdaq: COLB) said Ivan Seda will succeed Ronald L. Farnsworth as chief financial officer effective December 31, 2025. Farnsworth will serve as a senior advisor through June 1, 2026, and the filing discloses the pay terms for both executives, including payments due to Farnsworth on his separation date.
Ivan Seda, Deputy CFO since August 2025, becomes CFO effective December 31, 2025.
Seda's base salary is $550,000, with a target annual incentive of 85% of base salary and a performance stock unit grant valued at $750,000 that cliff vests after three years.
Farnsworth ceases to be CFO on December 31, 2025, and his advisor role runs through June 1, 2026.
On separation, Farnsworth is due cash severance, a lump sum equal to 18 months of company benefit contributions, and a lump sum tied to 62,572 target equity shares at the closing share price.
Allegiant reported third-quarter 2025 revenue of $561.9 million, flat with the prior year, while its GAAP net loss widened to $43.6 million from $36.8 million. The company raised its full-year 2025 adjusted airline-only EPS guidance to more than $4.35 per share, and Robert Neal was named President effective November 1, 2025 while remaining CFO.
Q3 2025 GAAP diluted loss per share was $(2.41), versus $(2.05) a year earlier; total operating revenue was $561.9 million versus $562.2 million.
Q3 2025 adjusted airline-only loss per share was $(1.64), versus $(0.49) in Q3 2024.
Full-year 2025 adjusted airline-only EPS guidance is more than $4.35; Q4 2025 adjusted EPS guidance is $1.50 to $2.50.
Robert J. Neal became President effective November 1, 2025 and continues as CFO; Micah Richins no longer serves as an executive officer following the Sunseeker Resort sale, which closed September 4, 2025 at a $200 million sale price.
CSW Industrials completed its $650 million cash acquisition of MARS Parts, an HVAC/R parts and supplies business, on November 4, 2025, and entered into a Fourth Amended and Restated Credit Agreement that funds the deal with a new $600 million term loan and a $700 million revolving facility. The filing does not report earnings or guidance changes, but the deal adds debt that the company must service under leverage and interest coverage covenants.
Acquisition price is $650 million in cash, subject to customary adjustments, plus an earn-out of up to $20 million tied to gross sales targets in the year after closing
Company says the purchase price represents 10.4x pro-forma TTM EBITDA adjusted for synergies, or about 12.4x MARS Parts' estimated adjusted TTM EBITDA of $52.3 million
New $600 million Term Loan A matures in five years and amortizes 1.25% per quarter; the $700 million revolver's maturity was extended five years from November 4, 2025
Covenants require consolidated net leverage of no more than 3.50 to 1.00 and interest coverage of at least 3.00 to 1.00, tested quarterly
Otter Tail Corporation reported third-quarter 2025 diluted EPS of $1.86, down from $2.03 a year earlier, and net income of $78.3 million versus $85.5 million, as Plastics net income fell $11.0 million on lower sales prices. The company nonetheless raised its 2025 diluted EPS guidance to $6.32-$6.62 from $6.06-$6.46, and it introduced a five-year capital plan totaling $1.9 billion for its electric utility.
Q3 2025 total operating revenues were $325.6 million versus $338.0 million, and diluted EPS was $1.86 versus $2.03.
2025 diluted EPS guidance midpoint rose $0.21 to $6.47, with the range now $6.32-$6.62.
Board declared a quarterly dividend of $0.525 per share, payable December 10, 2025 to holders of record on November 14, 2025.
In October, Otter Tail Power requested a Minnesota rate increase of about $44.8 million, or 17.7%.
Ryman Hospitality Properties reported third quarter 2025 revenue of $592.5 million, up 7.7% from a year earlier, while net income fell 43.8% to $34.0 million and diluted earnings per share fell to $0.53 from $0.94. The company also narrowed its full-year 2025 outlook, with slightly lower midpoints for operating income, Adjusted EBITDAre and Adjusted FFO per share, which bears on shareholder expectations for the year.
Q3 2025 total revenue was $592.5 million, up 7.7% from $550.0 million in Q3 2024.
Q3 net income was $34.0 million, down from $60.4 million; diluted EPS was $0.53 versus $0.94.
Full-year 2025 Adjusted EBITDAre guidance midpoint was lowered by $3.0 million to $787.0 million; Adjusted FFO per diluted share midpoint was $8.19, down $0.02.
As of September 30, 2025, unrestricted cash was $483.3 million and total debt was $3,976.0 million.
Graphic Packaging reported third quarter 2025 net sales of $2,190 million, down 1% from $2,216 million a year earlier, and net income of $142 million, or $0.48 per diluted share, versus $165 million, or $0.55, in 2024. The company also revised its full-year 2025 guidance, citing year-to-date performance and a wider range of possible fourth quarter outcomes, so shareholders face lower quarterly sales and profit alongside a revised outlook.
Adjusted EBITDA was $383 million versus $433 million; Adjusted EBITDA margin was 17.5% versus 19.5%
Adjusted EPS was $0.58 per diluted share versus $0.64 in the third quarter of 2024
Full-year 2025 guidance: net sales $8.4 billion to $8.6 billion, Adjusted EBITDA $1.40 billion to $1.45 billion, Adjusted EPS $1.80 to $2.00
Third quarter share repurchase of $39 million; net debt was $5,821 million and net leverage ratio was 3.9x
LGI Homes reported third-quarter 2025 results on November 4, 2025, with home sales revenues of $396.6 million and net income of $19.7 million, or $0.85 per diluted share, compared with $651.9 million and $69.6 million, or $2.95 per diluted share, a year earlier. The company said third-quarter results met its stated guidance, that net orders rose 8.1% year over year, and that ending backlog rose 19.9%. Shareholders face sharply lower reported revenue and profit, and the company also issued fourth-quarter 2025 guidance for 1,300 to 1,500 home closings.
Home sales revenues were $396.6 million in the third quarter of 2025, versus $651.9 million a year earlier; home closings were 1,065, versus 1,757.
Net income was $19.7 million, or $0.85 per diluted share, versus $69.6 million, or $2.95 per diluted share, a year earlier.
Gross margin was 21.5%, versus 25.1% a year earlier.
Ending backlog was 1,305 homes, up 19.9% from the same period last year; fourth-quarter closings are guided to 1,300 to 1,500.
NNN REIT reported third quarter 2025 revenue of $230.2 million, up from $218.6 million a year earlier, but net earnings per diluted share fell to $0.51 from $0.53. Core FFO per diluted share rose to $0.85 from $0.84, and the company raised its 2025 Core FFO and AFFO per share guidance and its acquisition and disposition volume guidance.
Q3 2025 revenue was $230.2 million, versus $218.6 million in Q3 2024
Net earnings per diluted share were $0.51, versus $0.53 a year earlier
Core FFO per diluted share was $0.85, versus $0.84, and 2025 Core FFO per share guidance rose to $3.36-$3.40 from $3.34-$3.39
2025 acquisition volume guidance was raised to $850-$950 million from $600-$700 million
Uniti Group reported third quarter 2025 revenue of $722.6 million, up from $292.2 million a year earlier, and net income of $1.609 billion, which includes a one-time $1.685 billion gain tied to the Windstream merger. Adjusted EBITDA rose to $327.8 million from $235.3 million, and the company updated its full-year 2025 outlook, with revenue of $2.215 billion to $2.265 billion and Adjusted EBITDA of $1.110 billion to $1.160 billion. Shareholders should note that the operating result was a loss of $42.6 million and that the balance sheet and cash flow statements are not yet included.
Net income was $1.609 billion, including a $1.685 billion gain on settlement of preexisting relationships with Windstream; operating loss was $42.6 million.
Revenue was $722.6 million versus $292.2 million a year earlier; Adjusted EBITDA was $327.8 million versus $235.3 million.
Diluted earnings per share were $4.92 versus $0.08 a year earlier.
Full-year 2025 outlook: revenue of $2.215 billion to $2.265 billion and Adjusted EBITDA of $1.110 billion to $1.160 billion; balance sheet and cash flow statements to be filed in the Form 10-Q by November 10, 2025.
Harmony Biosciences reported third-quarter 2025 net product revenue of $239.5 million, up 29% from $186.0 million a year earlier, and GAAP net income of $50.9 million, or $0.87 per diluted share, versus $0.79 a year earlier. The company raised its full-year 2025 net product revenue guidance to $845-$865 million from $820-$860 million, though its research and development expenses rose 117% to $55.0 million, including a $15.0 million charge tied to a ZYN002 milestone.
Q3 2025 net product revenue of $239.5 million, up from $186.0 million in Q3 2024
GAAP net income of $50.9 million, or $0.87 per diluted share, versus $0.79 in Q3 2024
2025 net product revenue guidance raised to $845-$865 million from $820-$860 million
ZYN002 phase 3 RECONNECT study in Fragile X syndrome missed its primary endpoint; the 22q11.2 deletion syndrome program is paused
Broadridge reported first-quarter fiscal 2026 results for the period ended September 30, 2025, with total revenues up 12% and diluted EPS rising to $1.40 from $0.68, helped by higher event-driven proxy revenue. The company raised its fiscal 2026 recurring revenue growth outlook to the higher end of its 5-7% range and reaffirmed its 8-12% adjusted EPS growth guidance, though closed sales fell 43%.
Total revenues rose to $1,589 million from $1,423 million; recurring revenues rose 9% to $977 million.
Diluted EPS was $1.40 versus $0.68; adjusted EPS was $1.51 versus $1.00, up 51%.
FY2026 recurring revenue growth (constant currency) now expected at the higher end of 5-7%; adjusted EPS growth of 8-12% reaffirmed.
Company repurchased $150 million of its shares during the quarter; closed sales fell 43% to $33 million.
Wingstop reported fiscal third-quarter 2025 results with total revenue up 8.1% to $175.7 million and net income up 10.7% to $28.5 million, or $1.02 per diluted share. Domestic same store sales fell 5.6%, and the company cut its 2025 domestic same store sales guidance to a decline of approximately 3% to 4% from prior growth of approximately 1%, so shareholders face higher revenue and profit alongside weaker restaurant-level sales expectations. The company also declared a $0.30 quarterly dividend.
Total revenue rose to $175.7 million from $162.5 million; net income rose to $28.5 million from $25.7 million
Domestic same store sales decreased 5.6%; the company now expects a decline of approximately 3% to 4% for 2025, previously approximately 1% growth
Adjusted EBITDA rose 18.6% to $63.7 million; 114 net new restaurant openings in the quarter
Quarterly dividend of $0.30 per share payable December 12, 2025 to holders of record on November 21, 2025
Enpro reported third-quarter 2025 sales of $286.6 million, up 9.9%, with GAAP diluted earnings per share of $1.01 versus $0.94 a year earlier. The company raised its full-year 2025 revenue growth guidance to 7%-8% from 5%-7% and its adjusted EBITDA range to $275 million-$280 million from $270 million-$280 million, partly reflecting the recent acquisitions of Overlook and AlpHa.
Q3 2025 net income was $21.6 million versus $19.8 million; adjusted diluted EPS was $1.99 versus $1.74
Advanced Surface Technologies sales rose 17.3% to $108.5 million, but its adjusted segment EBITDA margin fell to 20.1% from 20.8%
Sotera Health reported third-quarter 2025 net revenues up 9.1% to $311 million and net income of $48 million, or $0.17 per diluted share, compared with $17 million, or $0.06, a year earlier. The company raised its 2025 Adjusted EBITDA growth outlook to 6.75% to 7.75% and kept its net revenue growth outlook at 4.5% to 6.0%, on a constant currency basis.
Q3 2025 net income was $48 million, or $0.17 per diluted share, versus $17 million, or $0.06, in Q3 2024.
Q3 2025 Adjusted EBITDA rose 12.2% to $164 million; Adjusted EPS was $0.26, up from $0.17.
2025 Adjusted EBITDA growth outlook raised to 6.75% to 7.75%, from 6.00% to 7.50%.
2025 Adjusted EPS outlook raised to $0.81 to $0.86, from $0.75 to $0.82; net revenue outlook reaffirmed at 4.5% to 6.0%.
Zoetis reported third quarter 2025 revenue of $2.4 billion, up 1% from a year earlier, and net income of $721 million, or $1.63 per diluted share, up 9%. The company revised its full year 2025 revenue guidance to $9.400 billion to $9.475 billion, citing broader macro trends and the operating environment, and kept its adjusted diluted EPS guidance at $6.30 to $6.40. The filing does not state the prior revenue guidance range, so the size of the change cannot be measured from this document.
Q3 2025 revenue was $2.4 billion, up 1% reported and up 4% on an organic operational basis.
Q3 2025 adjusted net income was $754 million, or $1.70 per diluted share, up 8% on a reported basis.
Full year 2025 revenue guidance is $9.400 billion to $9.475 billion, with organic operational growth of 5.5% to 6.5%.
Full year 2025 adjusted diluted EPS guidance is unchanged at $6.30 to $6.40; reported diluted EPS guidance is $5.90 to $6.00.
Dave Inc. reported third-quarter 2025 results on November 4, 2025, with revenue of $150.8 million, up 63% from a year earlier, and GAAP net income of $92.0 million, which includes a $27.4 million tax benefit from the release of a valuation allowance. The company raised its 2025 revenue guidance to $544 million to $547 million and its adjusted EBITDA guidance to $215 million to $218 million. Cash, investments and restricted cash fell to $93.6 million from $104.7 million, mainly due to $25 million in share repurchases in the quarter.
Q3 2025 revenue was $150.8 million, up 63% from $92.5 million in Q3 2024.
GAAP net income was $92.0 million, versus $0.5 million a year earlier; adjusted EBITDA was $58.7 million, up 137%.
2025 revenue guidance raised to $544 million to $547 million from $505 million to $515 million.
2025 adjusted EBITDA guidance raised to $215 million to $218 million from $180 million to $190 million.
Yum! Brands reported third-quarter 2025 results with GAAP diluted EPS of $1.41, up from $1.35, and EPS excluding Special Items of $1.58, up 15%. The company also said it has started a formal review of strategic options for Pizza Hut, while Pizza Hut's third-quarter operating profit fell 8%.
Total revenues were $1.98 billion in the quarter, up 8% from $1.83 billion a year earlier; GAAP operating profit was $666 million, up 8%.
Pizza Hut Division operating profit fell 8% to $84 million, and its system sales declined 1%.
Yum! said it expects to complete the acquisition of 128 Taco Bell restaurants in the Southeast U.S. in the fourth quarter.
Ranjith Roy was promoted to Chief Financial Officer effective October 1, 2025.
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