Core Insights - MSC Income Fund reported a net investment income (NII) of $0.35 per share for Q3 2025, reflecting a 9% increase from $0.32 per share in Q3 2024 [1][9][7] - The Fund's net asset value (NAV) as of September 30, 2025, was $15.54 per share, slightly up from $15.53 per share at the end of 2024 [1][29] - The Fund achieved an annualized return on equity of 14.6% for the quarter, indicating strong performance [3][9] Financial Performance - Total investment income for Q3 2025 was $35.4 million, a 6% increase from $33.5 million in Q3 2024 [4][9] - NII increased by $3.7 million, or 28%, from $12.9 million in Q3 2024 to $16.6 million in Q3 2025 [7][9] - The Fund's total expenses decreased by $1.0 million, or 5%, to $18.3 million in Q3 2025, primarily due to a reduction in interest expenses [5][9] Investment Portfolio - As of September 30, 2025, the Fund's investment portfolio consisted of approximately 60% private loans and 37% lower middle market (LMM) investments [17][19] - The Fund completed $74.6 million in private loan portfolio investments during the quarter, with a net decrease of $6.7 million in the total cost basis due to repayments and realized losses [9][27] - The fair value of the Fund's LMM portfolio company equity investments was 197% of the cost of such equity investments [18] Liquidity and Capital Structure - The Fund had aggregate liquidity of $183.5 million, including $18.1 million in cash and cash equivalents [12] - The debt-to-equity ratio was 0.72x as of September 30, 2025, indicating a conservative leverage position [13] - The Fund maintains an investment grade rating of BBB- with a stable outlook from Kroll Bond Rating Agency [15] Dividends - The Fund declared a regular quarterly dividend of $0.35 per share and a supplemental dividend of $0.01 per share, totaling $0.36 per share for Q3 2025 [9][30]

Core Viewpoint - MSC Industrial Supply Co. is actively engaging with investors through upcoming events, indicating a focus on maintaining investor relations and transparency in its operations [1] Upcoming Investor Events - MSC Industrial Supply Co. will participate in the Baird 2025 Global Industrial Conference on November 11, 2025 [1] - The company will also attend the Stephens Annual Investment Conference on November 18, 2025 [1] - Key attendees from the company include Erik Gershwind, CEO, and Ryan Mills, Head of Investor Relations for both events [1] - A fireside chat is scheduled for November 11, 2025, at 8:30 a.m. CST and on November 18, 2025, at 9:00 a.m. CST [1]

Financial Performance - Total Operating Revenues for 3Q'25 reached $183 million, a 4.5% increase compared to $175 million in 3Q'24[4] - Revenue from casino contracts increased by 14.8%, reaching $77 million in 3Q'25 compared to $67 million in 3Q'24[4] - Non-Gaming revenue slightly decreased by 1.9%, from $107 million in 3Q'24 to $105 million in 3Q'25[4] - Operating Income significantly increased by 49.7%, from $16 million in 3Q'24 to $24 million in 3Q'25[4] - Adjusted EBITDA increased by 14.5%, from $68 million in 3Q'24 to $78 million in 3Q'25[4] Key Operating Metrics - Mass GGR increased by 12% compared to 3Q'24, reaching $312 million, but decreased by 4% compared to 2Q'25[13] - Slots GGR increased by 14% compared to 3Q'24, reaching $32 million, but decreased by 6% compared to 2Q'25[13] - Total GGR increased by 3% compared to 3Q'24, reaching $344 million, but decreased by 4% compared to 2Q'25[13] - Adjusted EBITDA increased by 15% compared to 3Q'24, reaching $78 million, and increased by 2% compared to 2Q'25[13] - Mass Table Drop increased by 3% compared to 3Q'24, reaching $943 million, but decreased by 2% compared to 2Q'25[13]

Core Viewpoint - Studio City International Holdings Limited reported a positive financial performance for the third quarter of 2025, with increased revenues and improved operating income compared to the same period in 2024. Financial Performance - Total operating revenues for Q3 2025 were US$182.5 million, up from US$174.6 million in Q3 2024, primarily driven by better mass market operations [2][6] - Studio City Casino generated gross gaming revenues of US$344.4 million in Q3 2025, compared to US$335.5 million in Q3 2024 [2] - Revenue from casino contracts increased to US$77.3 million in Q3 2025 from US$67.3 million in Q3 2024 [5] - Total non-gaming revenues for Q3 2025 were US$105.2 million, slightly down from US$107.3 million in Q3 2024 [6] Gaming Operations - Mass market table games drop was US$942.5 million in Q3 2025, up from US$912.9 million in Q3 2024, with a hold percentage of 33.1% compared to 30.7% in the previous year [3] - Gaming machine handle for Q3 2025 was US$873.3 million, an increase from US$853.0 million in Q3 2024, with a win rate of 3.7% compared to 3.3% in Q3 2024 [3] Operating Income and EBITDA - Operating income for Q3 2025 was US$23.9 million, compared to US$16.0 million in Q3 2024 [7] - Adjusted EBITDA for Q3 2025 was US$78.1 million, up from US$68.2 million in Q3 2024, attributed to increased revenue from casino contracts [7] Net Loss - Net loss attributable to Studio City for Q3 2025 was US$18.6 million, or US$0.10 per ADS, an improvement from a net loss of US$21.0 million, or US$0.11 per ADS, in Q3 2024 [8] Non-Operating Expenses - Total net non-operating expenses for Q3 2025 were US$41.1 million, including interest expense of US$30.9 million and net foreign exchange losses of US$10.1 million [9] Financial Position - Total cash and bank balances as of September 30, 2025, were US$99.6 million, down from US$127.8 million at the end of 2024 [12] - Total debt at the end of Q3 2025 was US$2.06 billion, a reduction from US$2.16 billion at the end of 2024 [12] Capital Expenditures - Capital expenditures for Q3 2025 were US$9.7 million [13]

Core Viewpoint - Erik Gershwind will retire as CEO of MSC Industrial Supply Co. and will transition to a non-executive vice chair role, with Martina McIsaac set to succeed him as CEO effective January 1, 2026 [1] Company Leadership Transition - Martina McIsaac, currently serving as President and Chief Operating Officer, will take over as CEO while retaining her position as President [1] - The leadership change is part of a planned transition as Gershwind steps down from his role [1]

Core Insights - The company reported net sales of $978.2 million, reflecting a year-over-year increase of 2.7% [1] - Operating income was recorded at $84.3 million, with an adjusted operating income of $90.3 million [1] - The operating margin stood at 8.6%, or 9.2% on an adjusted basis [1] - Diluted earnings per share (EPS) increased to $1.01 compared to $0.99 in the same quarter of the previous fiscal year [1] - Adjusted diluted EPS rose to $1.09 [1]

Core Points - MSC Income Fund, Inc. will release its third quarter 2025 results on November 13, 2025, after market close [1] - A conference call is scheduled for November 14, 2025, at 10:00 a.m. Eastern Time for investors to participate via phone or webcast [1][2][3] Company Overview - MSC Income Fund primarily provides debt capital to private companies, particularly those owned by or in the process of being acquired by private equity funds [4] - The Fund's investments support leveraged buyouts, recapitalizations, growth financings, refinancings, and acquisitions across diverse industry sectors [4] - The Fund focuses on secured debt investments and maintains a portfolio of customized long-term debt and equity investments in lower middle market companies [4] - Portfolio companies typically have annual revenues between $25 million and $500 million for private loans and between $10 million and $150 million for lower middle market investments [4] Advisory Information - MSC Adviser I, LLC serves as the investment adviser and administrator for MSC Income Fund [5]

Core Insights - MSC Industrial Direct Co., Inc. (NYSE: MSM) has experienced a decline in net income and earnings over several quarters, yet the share price has seen a vigorous increase following the most recent quarter [1]. Financial Performance - The company’s net income and earnings have been trending downward for multiple quarters [1]. Investor Behavior - Despite the declining financial performance, investors have actively bid up the share price, indicating a potential shift in market sentiment or speculative interest [1].

Core Viewpoint - Chinese concept stocks experienced significant gains, with notable increases in share prices for several companies, indicating a positive market sentiment towards these stocks [1] Group 1: Top Gainers - Nature's Sunshine Products (UPC) saw a remarkable increase of 82.98%, closing at a price of 9.460, with a trading volume of 235 million [1] - Melco Resorts & Entertainment (MSC) rose by 19.23%, reaching a price of 4.680, with a trading volume of 48,500 [1] - I-Mab (IMAB) increased by 16.02%, closing at 5.070, with a trading volume of 29.76 million [1] - Zai Lab (APM) experienced a gain of 15.31%, closing at 2.410, with a trading volume of 1.6078 million [1] - China Natural Resources (CHNR) rose by 14.84%, closing at 5.700, with a trading volume of 8.8604 million [1]

Core Points - MSC Industrial Supply Co. has declared a cash dividend of $0.87 per share, marking an increase of approximately 2.4% from the previous dividend of $0.85 per share [1] Company Summary - MSC Industrial Supply Co. is a leading distributor of Metalworking and Maintenance, Repair and Operations (MRO) products and services to industrial customers across North America [1]