Core Insights - TBC Corporation is divesting its Midas franchise network to concentrate on its core businesses, which include tire wholesale, distribution, and Big O Tires [2][3] - The divestiture is expected to enhance TBC's growth and value in its primary operations, while also strengthening the commercial agreement between Michelin and Mavis Tire Express Service Corp [3] - The transaction is anticipated to close in the coming weeks, pending regulatory approval, and is projected to positively impact Michelin Group's net result by approximately $200 million in 2025 [4]

Company Performance - MoneyLion Inc. (ML) closed at $88.01, with a +0.05% change compared to the previous day, underperforming the S&P 500's 0.16% gain [1] - Over the past month, shares of MoneyLion Inc. have increased by 2.89%, while the Business Services sector and the S&P 500 have decreased by 3.54% and 3.59%, respectively [1] Earnings Projections - The upcoming earnings report for MoneyLion Inc. is projected to show earnings per share (EPS) of $0.98, representing a 63.33% increase from the same quarter last year [2] - Revenue is estimated at $156.61 million, reflecting a 29.41% rise from the equivalent quarter last year [2] - For the annual period, earnings are anticipated to be $3.05 per share and revenue at $665.17 million, indicating increases of +301.32% and +21.85% from the previous year [3] Analyst Estimates and Rankings - Recent modifications to analyst estimates for MoneyLion Inc. indicate a favorable outlook on the company's business health and profitability [4] - The Zacks Rank system currently rates MoneyLion Inc. as 5 (Strong Sell), with a 19.97% decrease in the consensus EPS estimate over the last 30 days [6] Valuation Metrics - MoneyLion Inc. is trading at a Forward P/E ratio of 28.89, which is a premium compared to the industry average Forward P/E of 15.36 [7] - The Financial Transaction Services industry, part of the Business Services sector, holds a Zacks Industry Rank of 137, placing it in the bottom 46% of over 250 industries [7]

Core Viewpoint - The company has restated its segment reporting for interim periods (Q1, H1, 9M) of 2024, primarily due to changes in the scope of reporting segments, particularly affecting the Two-wheel tire business, which is now included in the SR1 segment [1] Group 1: Segment Reporting Changes - The Two-wheel tire business is now consolidated in the SR1 segment, aligning with the internal reporting process [1] - The restated values for Q1, H1, and 9M 2024 will serve as reference values for future publications in 2025 and beyond [1] Group 2: Financial Data Summary - For SR1, the restated sales figures are as follows: Q1 2024 restated at €3,518 million, H1 2024 restated at €7,151 million, and 9M 2024 restated at €10,777 million, with a full year (FY) 2024 restated at €14,667 million [2] - The SOI (Segment Operating Income) for SR1 is restated at €946 million for H1 2024 and €1,917 million for FY 2024, with SOI percentages of 13.2% for H1 and 13.1% for FY [2] - For SR2, the restated sales figures are €1,584 million for Q1 2024, €3,232 million for H1 2024, and €4,909 million for 9M 2024, with a full year (FY) 2024 restated at €6,599 million [2] - The SOI for SR2 is restated at €306 million for H1 2024 and €597 million for FY 2024, with SOI percentages of 9.5% for H1 and 9.0% for FY [2] - For SR3, the restated sales figures are €1,539 million for Q1 2024, €3,098 million for H1 2024, and €4,485 million for 9M 2024, with a full year (FY) 2024 restated at €5,926 million [2] - The SOI for SR3 is restated at €530 million for H1 2024 and €864 million for FY 2024, with SOI percentages of 17.1% for H1 and 14.6% for FY [2] - The overall group sales for Q1 2024 are restated at €6,642 million, with H1 2024 at €13,481 million and FY 2024 at €27,193 million [2] - The group SOI for H1 2024 is restated at €1,782 million, with FY 2024 at €3,378 million, resulting in SOI percentages of 13.2% for H1 and 12.4% for FY [2]

Group 1 - MoneyLion Inc. stock closed at $87.61, showing a +0.59% change, outperforming the S&P 500, which fell by 1.07% [1] - Over the past month, MoneyLion shares decreased by 0.18%, while the Business Services sector and S&P 500 declined by 9.45% and 7.03% respectively [1] Group 2 - The upcoming earnings release is anticipated, with projected EPS of $0.98, a 63.33% increase year-over-year, and revenue forecasted at $156.61 million, reflecting a 29.41% growth [2] - For the full year, earnings are estimated at $3.05 per share and revenue at $665.17 million, indicating increases of +301.32% and +21.85% respectively from the previous year [3] Group 3 - Recent shifts in analyst projections for MoneyLion Inc. should be monitored, as upward revisions indicate positive sentiment regarding the company's operations and profit generation [4] - Changes in estimates are linked to stock price performance, with the Zacks Rank model providing a rating system based on these changes [5] Group 4 - The Zacks Rank system, ranging from 1 (Strong Buy) to 5 (Strong Sell), has shown that 1 stocks have averaged a +25% annual return since 1988; currently, MoneyLion Inc. holds a Zacks Rank of 5 (Strong Sell) [6] Group 5 - MoneyLion Inc. has a Forward P/E ratio of 28.6, which is higher than the industry average of 15.27, indicating it is trading at a premium [7] - The Financial Transaction Services industry, part of the Business Services sector, has a Zacks Industry Rank of 132, placing it in the bottom 48% of over 250 industries [7]

Core Points - The total number of shares for Compagnie Générale des Établissements Michelin as of February 28, 2025, is 705,747,272, with a total number of theoretical voting rights amounting to 1,022,616,684 [1]. Group 1 - The company has a registered capital of EUR 352,873,636 [1]. - The disclosure is in accordance with Articles L.233-8 of the French Commercial Code and 223-16 of the General Regulation of the Autorité des Marchés Financiers [1]. - The number of voting rights is confirmed to be 1,022,616,684 [1].

Group 1 - The company Michelin has initiated a securities repurchasing program, specifically for its ordinary shares, with the ISIN code FR 0000121261 [1] - On March 5, 2025, Michelin acquired a total of 36,500 shares at an average price of €34.0013 per share through over-the-counter transactions [1] - The repurchase is part of a broader strategy to manage capital and enhance shareholder value [2]

Group 1: Earnings Performance - MoneyLion Inc. reported quarterly earnings of $0.14 per share, missing the Zacks Consensus Estimate of $0.54 per share, and compared to a loss of $0.39 per share a year ago, representing an earnings surprise of -74.07% [1] - The company posted revenues of $158.59 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 6.07%, and this is an increase from year-ago revenues of $112.96 million [2] - Over the last four quarters, MoneyLion has surpassed consensus EPS estimates two times and topped consensus revenue estimates four times [2] Group 2: Stock Performance and Outlook - MoneyLion shares have lost about 0.6% since the beginning of the year, while the S&P 500 has gained 1.7% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the coming quarter is $0.47 on revenues of $157.21 million, and for the current fiscal year, it is $3.81 on revenues of $660.12 million [7] Group 3: Industry Context - The Financial Transaction Services industry, to which MoneyLion belongs, is currently in the top 50% of over 250 Zacks industries, indicating that stocks in this category tend to outperform those in the bottom 50% by a factor of more than 2 to 1 [8] - The estimate revisions trend for MoneyLion is mixed, resulting in a Zacks Rank 3 (Hold) for the stock, suggesting it is expected to perform in line with the market in the near future [6]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-39346 MoneyLion Inc. (Exact name of registrant as specified in its charter) | Delaware | | 85-0849243 | | --- | --- | --- | | (State or other j ...

Financial Performance - FY 2024 record revenue of $546 million, up 29% year-over-year[1] - FY 2024 net income of $9 million, compared to a net loss of $45.2 million in FY 2023[5] - FY 2024 adjusted EBITDA of $92 million, representing a 17% adjusted EBITDA margin[1] - Adjusted EBITDA for Q4 2024 increased 55% to $25.6 million compared to Q4 2023[5] - Q4 2024 total revenue increased 40% to $158.6 million compared to Q4 2023[4] - Total revenue for the twelve months ended December 31, 2024, was $545,905,000, an increase of 29% from $423,431,000 in 2023[33] - Service and subscription revenue rose to $533,019,000, up from $411,238,000, reflecting a growth of 30%[33] - Net income for the year was $9,146,000, compared to a net loss of $45,245,000 in the previous year, marking a significant turnaround[33] - Adjusted EBITDA for the same period was $91,970, significantly up from $46,413 in 2023, reflecting a strong operational performance[39] Customer and Product Growth - Total customers grew 46% year-over-year to 20.4 million in FY 2024[6] - Total products increased 48% year-over-year to 34.1 million in FY 2024[6] - Total originations grew 32% year-over-year to $853 million in Q4 2024[6] - Total customers reached a cumulative number of accounts opened, including various financial products, although specific figures were not disclosed[27] Expenses and Financial Health - Total operating expenses increased to $519,255,000 from $428,776,000, primarily driven by higher compensation and marketing costs[33] - The allowance for credit losses on consumer receivables improved to $11,620,000 from $35,329,000, indicating better credit quality management[34] - Cash reserves increased to $139,976,000 from $92,195,000, providing a stronger liquidity position[34] - Total liabilities decreased to $227,646,000 from $258,036,000, reflecting improved financial health[34] - Stock-based compensation expense rose to $27,793 from $22,896 in 2023, reflecting increased employee incentives[39] - Interest related to corporate debt decreased to $9,794 from $13,037, indicating a reduction in financing costs[39] Cash Flow and Investments - Net cash provided by operating activities increased to $201,019, compared to $116,346 in the previous year, indicating improved cash flow management[37] - The net cash used in investing activities decreased to $68,446 from $127,565, showing a reduction in investment outflows[37] - Cash and restricted cash at the end of the period totaled $150,439, up from $94,479 at the beginning of the period[37] Acquisition and Corporate Changes - MoneyLion entered into a definitive agreement to be acquired by Gen Digital, expected to close in the first half of FY 2026[7] - MoneyLion will not host an earnings conference call or provide financial guidance due to the announced acquisition[8] Other Financial Metrics - The company reported a weighted average share count of 10,907,441 for basic earnings per share, compared to 9,614,309 in the previous year[33] - The company reported a loss on the sale of consumer receivables amounting to $39,914, which was a new entry in the current year[37] - The company incurred a goodwill impairment loss of $26,721 in 2023, which was not present in the current year[39] - The change in fair value of contingent consideration from mergers and acquisitions was zero in 2024, compared to a loss of $6,613 in 2023[39]

Group 1 - Fitch Ratings upgraded Michelin's Long-Term Issuer Default Rating (IDR) from 'A-' to 'A', with a Stable outlook on February 21, 2025 [1] - The upgrade reflects Michelin's strong free cash flow generation despite challenging end-markets and highlights its robust business profile, primarily driven by replacement demand and a diversified footprint [2] - This upgrade follows previous ratings from Scope Ratings and Moody's, which also recognized Michelin's strong credit profile [3]