Financial Performance - Sales for Q1 2025 were $204.6 million, an increase of 3.4% from $197.9 million in Q1 2024[83] - Gross margin improved to 19.7% in Q1 2025, up from 17.2% in Q1 2024[83] - Operating income for Q1 2025 was $1.7 million, compared to an operating loss of $1.9 million in Q1 2024[83] - Net loss decreased to $1.4 million in Q1 2025 from a net loss of $4.7 million in Q1 2024[93] - Adjusted EBITDA for Q1 2025 was $12.3 million, an increase of 101.6% from $6.1 million in Q1 2024[94] Order Backlog - Order backlog as of March 31, 2025, was $335.3 million, a decrease of 23.7% from $439.4 million a year earlier[83] - The consolidated backlog as of March 31, 2025, totaled $335.3 million, a decrease of $104.1 million, or 23.7%, from $439.4 million at March 31, 2024[95] - The Fleet Vehicles and Services (FVS) backlog decreased by $110.8 million, or 31.1%, primarily due to vehicle sales and softer demand in delivery vans[96] Segment Performance - Sales in the FVS segment were $96.1 million for Q1 2025, a decrease of $11.7 million or 10.8% compared to $107.8 million in Q1 2024[107] - Adjusted EBITDA for the FVS segment increased to $3.6 million in Q1 2025 from $0.9 million in Q1 2024, an increase of $2.7 million[108] - Sales in the Specialty Vehicles (SV) segment were $82.2 million in Q1 2025, down $7.9 million or 8.8% from $90.1 million in Q1 2024[109] - Adjusted EBITDA for the SV segment decreased to $14.3 million in Q1 2025 from $17.0 million in Q1 2024, a decrease of $2.7 million[110] Cash Flow and Debt - Cash and cash equivalents increased by $0.4 million to $16.2 million as of March 31, 2025[111] - Cash used in operating activities was $4.5 million in Q1 2025, an increase of $0.5 million from $4.0 million in Q1 2024[112] - The company generated $9.9 million of cash through financing activities in Q1 2025, a decrease of $3.0 million from $12.9 million in Q1 2024[114] - As of March 31, 2025, the company had $110.0 million in outstanding debt under its revolving credit facility[124] - The revolving credit facility allows borrowing up to $300.0 million, with available borrowings totaling $76.9 million as of March 31, 2025[118] Market Risks and Commodity Exposure - A hypothetical increase of 100 basis points in interest rates would lead to an additional $1.1 million in annual interest expense[124] - The company does not utilize derivative instruments to manage exposure to fluctuations in steel and aluminum prices[125] - The company engages in pre-buys of components affected by commodity price changes to mitigate exposure to price increases[125] - There has been no material change in the nature or categories of primary market risk exposures as of the report date[126] - The company does not anticipate any significant changes in its primary market risk exposure in the near term, defined as one year from the most recent balance sheet[126] - Prevailing interest rates and commodity costs are influenced by market factors beyond the company's control[127] Strategic Initiatives - The acquisition of Independent Truck Upfitters was completed for $49.9 million, with an additional earn-out of up to $8.0 million[83] - The company introduced the Blue Arc™ Electric Vehicle Solutions, with the Class 4 all-electric truck now in production[83] - The Rapid Driver Cooling System was deployed in 5,860 walk-in vans, enhancing driver comfort and vehicle efficiency[83] - The merger with Aebi Schmidt is expected to close in mid-2025, with Shyft shareholders owning approximately 48% of the combined company[79]

Exhibit 99.1 NEWS RELEASE Independent Bank Corporation 4200 East Beltline Grand Rapids, MI 49525 616.527.5820 For Release: Immediately Contact: William B. Kessel, President and CEO, 616.447.3933 Gavin A. Mohr, Chief Financial Officer, 616.447.3929 INDEPENDENT BANK CORPORATION REPORTS 2025 FIRST QUARTER RESULTS First Quarter Highlights Highlights for the first quarter of 2025 include: GRAND RAPIDS, Mich., April 24, 2025 - Independent Bank Corporation (NASDAQ: IBCP) reported first quarter 2025 net income of $ ...

Refinery Operations - Valero Energy Corporation's subsidiary plans to idle or cease operations at the Benicia Refinery by the end of April 2026[6] Impairment Charges - A combined pre-tax impairment charge of $1.1 billion was recorded for the Benicia and Wilmington refineries, expected to be treated as a special item[7] - The impairment charge includes $337 million for expected asset retirement obligations as of March 31, 2025[7]

Exhibit 99.1 Carter Bankshares, Inc. Announces First Quarter 2025 Financial Results Martinsville, VA, April 24, 2025 – Carter Bankshares, Inc. (the "Company") (NASDAQ:CARE), the holding company of Carter Bank (the "Bank") today announced quarterly net income of $9.0 million, or $0.39 diluted earnings per share ("EPS"), for the first quarter of 2025 compared to net income of $8.3 million, or $0.36 diluted EPS, for the fourth quarter of 2024 and net income of $5.8 million, or $0.25 diluted EPS, for the first ...

Financial Performance - First-quarter 2025 net income attributable to common stock totaled $352 million, or $0.24 per share, with adjusted net income at $358 million, also $0.24 per share [3]. - Revenues for Q1 2025 were $5,728 million, a decrease of 9.4% compared to $6,321 million in Q1 2024 [95]. - Operating income decreased to $1,303 million in Q1 2025 from $1,634 million in Q1 2024, reflecting a decline of 20.2% [95]. - Net income attributable to common stockholders was $352 million, down 25.6% from $473 million in the same period last year [95]. - Diluted net income per share attributable to common stock was $0.24, compared to $0.32 in Q1 2024, representing a decrease of 25% [95]. - Total current assets increased to $13,802 million as of March 31, 2025, up from $13,296 million at the end of 2024 [97]. - Cash and cash equivalents rose to $4,385 million from $3,923 million, indicating a growth of 11.8% [97]. - Net cash provided by operating activities was $1,058 million, a decrease of 44.1% compared to $1,896 million in Q1 2024 [99]. - Total assets increased to $56,022 million as of March 31, 2025, compared to $54,848 million at the end of 2024 [97]. - Total liabilities rose to $26,808 million from $26,070 million, reflecting an increase of 2.8% [97]. Production and Sales - Consolidated production in Q1 2025 included 868 million pounds of copper, 287 thousand ounces of gold, and 23 million pounds of molybdenum [2]. - In Q1 2025, FCX's U.S. copper production was 301 million pounds, a decrease from 314 million pounds in Q1 2024, with sales of 307 million pounds compared to 331 million pounds in the prior year [31][32]. - In South America, FCX's copper production was 271 million pounds in Q1 2025, down from 280 million pounds in Q1 2024, with sales of 275 million pounds compared to 284 million pounds [39][41]. - FCX's copper production for Q1 2025 was 592 million recoverable pounds, a decrease of 15.7% compared to 702 million pounds in Q1 2024 [89]. - The company reported a copper recovery rate of 84.1% in U.S. mill operations for Q1 2025, an improvement from 81.0% in Q1 2024 [92]. - Copper sales from South America operations were 284 million recoverable pounds, while Indonesia operations sold 290 million recoverable pounds [149][152]. Costs and Expenditures - Operating cash flows for Q1 2025 totaled $1.1 billion, with expectations of approximately $7.0 billion for the full year [2]. - Capital expenditures in Q1 2025 were $1.2 billion, with an expected total of $5.0 billion for the year, including $2.8 billion for major mining projects [2]. - Consolidated average unit net cash costs for copper in Q1 2025 were $2.07 per pound, higher than the previous year's $1.51 per pound, but expected to decline to $1.50 per pound for the year [11][13]. - FCX's average unit net cash costs for U.S. copper mines increased to $3.11 per pound in Q1 2025 from $2.98 per pound in Q1 2024, reflecting higher labor costs and lower production volumes [33]. - The average realized price per pound of copper for U.S. operations in Q1 2025 was $4.60, which is approximately 16% higher than the $3.96 in Q1 2024 [31]. - Unit net cash costs for copper were $0.64 per pound in Q1 2025, compared to net cash credits of $0.12 per pound in Q1 2024, reflecting lower sales volumes [58]. Market and Pricing - Average realized prices in Q1 2025 were $4.44 per pound for copper, $3,072 per ounce for gold, and $21.67 per pound for molybdenum [2]. - The average realized price per pound of copper increased to $4.44 in Q1 2025 from $3.94 in Q1 2024, reflecting a 12.7% increase [89]. - FCX's average realized price per ounce of gold rose to $3,072 in Q1 2025 from $2,145 in Q1 2024, marking an increase of 43.3% [89]. - FCX estimates that each $0.05 change in the price realized from the quarter-end provisional price would have an approximate $18 million effect on 2025 revenues [116]. Strategic Initiatives - The new smelter in Indonesia is on track for start-up by mid-2025, contributing to organic growth opportunities [2]. - FCX is monitoring potential U.S. tariffs that could increase costs by approximately 5%, while also evaluating alternative sourcing options [16]. - FCX is targeting an annual run rate of 300 million pounds of copper by the end of 2025 from operational enhancements and innovative technology applications [24]. - FCX plans to submit an environmental impact statement for the El Abra project by year-end 2025, which could support an additional 750 million pounds of copper production per year [37][38]. - PTFI, a subsidiary of FCX, is expected to produce approximately 1.7 billion pounds of copper and 1.4 million ounces of gold annually from its underground operations in Indonesia [50]. Shareholder Returns - FCX has repurchased 51 million shares for a total cost of $2.0 billion under its $5.0 billion share repurchase program [2]. - The Board declared cash dividends of $0.15 per share on March 26, 2025, to be paid on May 1, 2025 [77]. - FCX repurchased 2.3 million shares for $80 million in Q1 2025, bringing total repurchases under its $5.0 billion program to 51 million shares for $2.0 billion [78][79].

EXHIBIT 99.1 Integer Holdings Corporation Reports First Quarter 2025 Results ~ Strong start to the year with 1Q25 financial results ~ ~ Reiterating 2025 sales and adjusted operating income outlook; raising adjusted EPS outlook ~ "Integer started the year off strong with first quarter 2025 sales growing at 7% year-over-year as we continue to execute our strategy by launching new products and adding capabilities in targeted growth markets. Integer also delivered 14% adjusted operating income growth," said Jos ...

Exhibit 99.1 CALIFORNIA BANCORP REPORTS NET INCOME OF $16.9 MILLION FOR THE FIRST QUARTER OF 2025 San Diego, Calif., April 24, 2025 – California BanCorp ("us," "we," "our," or the "Company") (NASDAQ: BCAL), the holding company for California Bank of Commerce, N.A. (the "Bank") announces its consolidated financial results for the first quarter of 2025. The Company reported net income of $16.9 million, or $0.52 per diluted share, for the first quarter of 2025, compared to $16.8 million, or $0.51 per diluted s ...

Veritone, Inc. (the "Company") is providing preliminary, unaudited financial information for the three months ended March 31, 2025. The preliminary, unaudited financial information for the first quarter of 2025 presented herein is based on management's initial analysis of operations for the quarter ended March 31, 2025, and is subject to further internal review, potential adjustments and review by the Company's external auditors, Grant Thornton LLP. Neither Grant Thornton nor any other independent accountan ...

Exhibit 99.1 NEW YORK, NY – April 24, 2025 -- Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, today reported net income for the first quarter 2025 of $106.1 million, or $0.18 per diluted common share, as compared to the fourth quarter 2024 net income of $115.7 million, or $0.20 per diluted common share, and net income of $96.3 million, or $0.18 per diluted common share, for the first quarter 2024. Excluding all non-core income and charges, our adjusted net income (a non-G ...

NEW YORK, NY – April 24, 2025 -- Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, today reported net income for the first quarter 2025 of $106.1 million, or $0.18 per diluted common share, as compared to the fourth quarter 2024 net income of $115.7 million, or $0.20 per diluted common share, and net income of $96.3 million, or $0.18 per diluted common share, for the first quarter 2024. Excluding all non-core income and charges, our adjusted net income (a non-GAAP measure) ...