CION Investment (CION) - 2025 Q2 - Quarterly Results
2025-08-07 12:30
Exhibit 99.1 CION INVESTMENT CORPORATION REPORTS SECOND QUARTER 2025 FINANCIAL RESULTS Declares Third Quarter 2025 Base Distribution of $0.36 per Share For Immediate Release NEW YORK, NY, August 7, 2025 — CION Investment Corporation (NYSE: CION) ("CION" or the "Company") today reported financial results for the second quarter ended June 30, 2025 and filed its Form 10-Q with the U.S. Securities and Exchange Commission. CION also announced that, on August 4, 2025, its co-chief executive officers declared a th ...
Transcat(TRNS) - 2026 Q1 - Quarterly Results
2025-08-07 12:30
Exhibit 99.1 NEWS RELEASE Transcat, Inc. 35 Vantage Point Drive • Rochester • NY • 14624 • Phone: (585) 352-7777 Transcat Reports Strong Fiscal First Quarter 2026 Financial Results with Double-Digit Revenue & Gross Profit Growth ● Q1'26 Adjusted EBITDA Increased 15% to $11.8 Million Driven by Double-Digit Revenue Growth ● Q1'26 Service Revenue Increased 12% to $49.1 Million ● Q1'26 Distribution Revenue Grew 19% to $27.3 Million on Increased Demand for Rentals ● Q1'26 Distribution Gross Margins Expanded 130 ...
Greystone Housing Impact Investors LP(GHI) - 2025 Q2 - Quarterly Results
2025-08-07 12:30
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 23, 2025 Greystone Housing Impact Investors LP (Exact name of Registrant as Specified in Its Charter) (State or Other Jurisdiction of Incorporation) Delaware 001-41564 47-0810385 (Commission File Number) (IRS Employer Identification No.) 14301 FNB Parkway, Suite 211 Omaha, Nebraska 68154 ( ...
White Mountains Insurance(WTM) - 2025 Q2 - Quarterly Report
2025-08-07 12:28
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the period ended June 30, 2025 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 1-8993 WHITE MOUNTAINS INSURANCE GROUP, LTD. (Exact name of Registrant as specified in its charter) Bermuda (State or other jurisdiction of incorporation ...
Wheels Up Experience (UP) - 2025 Q2 - Quarterly Report
2025-08-07 12:23
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________ FORM 10-Q ________________ [Mark One] þ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 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: 001-39541 WHEELS UP EXPERIENCE INC. (Exact Name of Registrant as Specifi ...
Suburban Propane(SPH) - 2025 Q3 - Quarterly Results
2025-08-07 12:21
Exhibit 99.1 News Release Contact: Michael A. Kuglin Chief Financial Officer P.O. Box 206, Whippany, NJ 07981-0206 Phone: 973-503-9252 In announcing these results, President and Chief Executive Officer Michael A. Stivala said, "Following a strong fiscal second quarter performance, we were very pleased to deliver a solid counter-seasonal quarter despite unseasonably warm temperatures and volatility in the commodity price environment. Our operations personnel continue to do an outstanding job of safely meetin ...
Ralph Lauren(RL) - 2026 Q1 - Quarterly Results
2025-08-07 12:15
EXHIBIT 99.1 RALPH LAUREN REPORTS FIRST QUARTER FISCAL 2026 RESULTS EXCEEDING EXPECTATIONS AND RAISES FULL YEAR OUTLOOK NEW YORK -- (BUSINESS WIRE) -- August 7, 2025 -- Ralph Lauren Corporation (NYSE:RL), a global leader in the design, marketing, and distribution of luxury lifestyle products, today reported earnings per diluted share of $3.52, up 35% to prior year on a reported basis and $3.77, up 40% on an adjusted basis, excluding restructuring-related and other net charges, for the first quarter of Fisca ...
TEGNA(TGNA) - 2025 Q2 - Quarterly Results
2025-08-07 12:13
"As we announced last year, our Chief Operating Officer, Lynn Beall is retiring on August 31, and I extend my sincere gratitude for her extraordinary leadership and decades of service to local communities across America," Steib added. "She's been a force for good in our industry and an indispensable partner to me in my first year at TEGNA. We are grateful for all Lynn has done for TEGNA and we are going to miss her." FOR IMMEDIATE RELEASE Thursday, August 7, 2025 TEGNA Inc. Reports Second Quarter 2025 Resul ...
Star (STHO) - 2025 Q2 - Quarterly Results
2025-08-07 12:12
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 7, 2025 Star Holdings (Exact name of registrant as specified in its charter) Maryland 001-41572 37-6762818 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 1114 Avenue of the Americas, 39th Floor New York, New York 10036 (Address o ...
Global Partners LP(GLP) - 2025 Q2 - Quarterly Results
2025-08-07 12:12
[Overview of Second Quarter 2025 Performance](index=1&type=section&id=Overview%20of%20Second%20Quarter%202025%20Performance) [CEO Commentary](index=1&type=section&id=CEO%20Commentary) The CEO highlighted solid year-over-year growth in earnings and cash flow for the first half of 2025, attributing it to a diversified asset base and disciplined execution First Half 2025 Year-over-Year Growth | Metric | YoY Growth | | :--- | :--- | | Net Income | 8% | | Adjusted EBITDA | 7% | | Adjusted DCF | 9% | - The company is pleased with the second-quarter performance of its retail, terminal, and wholesale liquid energy portfolio[4](index=4&type=chunk) - The strategic acquisition of key terminals has expanded the company's reach and enhanced its market presence[4](index=4&type=chunk) [Financial Highlights](index=1&type=section&id=Financial%20Highlights) Global Partners reported a decline in key profitability metrics for the second quarter of 2025 compared to the same period in 2024, impacted by a **$2.8 million** loss on the early extinguishment of debt Q2 2025 vs. Q2 2024 Financial Metrics (in millions, except per unit data) | Metric | Q2 2025 | Q2 2024 | | :--- | :--- | :--- | | Net Income | $25.2 | $46.1 | | Diluted EPS | $0.55 | $1.10 | | EBITDA | $95.7 | $118.8 | | Adjusted EBITDA | $98.2 | $121.1 | | Distributable Cash Flow (DCF) | $52.0 | $73.1 | | Adjusted DCF | $52.3 | $74.2 | | Gross Profit | $272.4 | $287.9 | - All reported non-GAAP financial measures for Q2 2025 include a **$2.8 million** loss on the early extinguishment of debt related to the redemption of the Partnership's **7.00%** senior notes due 2027[7](index=7&type=chunk) [Segment Performance](index=2&type=section&id=Segment%20Performance) In Q2 2025, the Wholesale segment's product margin remained stable, while the GDSO segment saw a decrease due to lower site count, with overall sales increasing to **$4.6 billion** driven by Wholesale volume Q2 2025 vs. Q2 2024 Product Margin by Segment (in millions) | Segment | Q2 2025 | Q2 2024 | | :--- | :--- | :--- | | GDSO | $207.9 | $221.5 | | Wholesale | $91.7 | $91.9 | | Commercial | $6.1 | $6.2 | Q2 2025 vs. Q2 2024 Sales and Volume by Segment | Segment | Sales (Q2 2025) | Sales (Q2 2024) | Volume (Q2 2025) | Volume (Q2 2024) | | :--- | :--- | :--- | :--- | :--- | | Wholesale | $3.1B | $2.6B | 1.5B gal | 1.1B gal | | GDSO | $1.2B | $1.5B | 382.4M gal | 407.0M gal | | Commercial | $275.8M | $280.9M | 141.9M gal | 119.5M gal | | **Total** | **$4.6B** | **$4.4B** | **2.0B gal** | **1.6B gal** | - The decline in GDSO product margin from both gasoline distribution and station operations was partly attributed to a decreased site count year-over-year[10](index=10&type=chunk) [Recent Developments](index=2&type=section&id=Recent%20Developments) The company completed a **$450 million** senior unsecured notes offering due 2033 to refinance debt and announced a quarterly cash distribution of **$0.7500 per common unit** - Completed an upsized private offering of **$450 million** of **7.125%** senior unsecured notes due 2033[15](index=15&type=chunk) - Net proceeds were used to purchase outstanding **$400 million** **7.00%** senior notes due 2027 and to repay a portion of borrowings under its credit agreement[15](index=15&type=chunk) - Announced a quarterly cash distribution of **$0.7500 per common unit** (**$3.00 annualized**), payable on August 14, 2025[15](index=15&type=chunk) [Financial Statements](index=6&type=section&id=Financial%20Statements) [Consolidated Statements of Operations](index=6&type=section&id=Consolidated%20Statements%20of%20Operations) For Q2 2025, Global Partners reported total sales of **$4.63 billion** and net income of **$25.2 million**, a decrease from **$46.1 million** in Q2 2024, while six-month net income increased to **$43.9 million** Income Statement Highlights (in thousands, except per unit data) | Metric | Q2 2025 | Q2 2024 | Six Months 2025 | Six Months 2024 | | :--- | :--- | :--- | :--- | :--- | | Sales | $4,626,925 | $4,409,698 | $9,219,122 | $8,555,090 | | Gross Profit | $272,362 | $287,884 | $527,603 | $503,019 | | Operating Income | $60,066 | $83,869 | $115,953 | $109,705 | | Net Income | $25,210 | $46,149 | $43,894 | $40,547 | | Diluted Net Income per Unit | $0.55 | $1.10 | $0.92 | $0.73 | [Consolidated Balance Sheets](index=7&type=section&id=Consolidated%20Balance%20Sheets) As of June 30, 2025, Global Partners had total assets of **$3.78 billion** and total liabilities of **$3.10 billion**, with cash and cash equivalents increasing to **$16.1 million** Balance Sheet Highlights (in thousands) | Account | June 30, 2025 | Dec 31, 2024 | | :--- | :--- | :--- | | Cash and cash equivalents | $16,097 | $8,208 | | Total current assets | $1,215,163 | $1,207,380 | | Total assets | $3,784,338 | $3,788,198 | | Total current liabilities | $1,027,264 | $1,000,121 | | Senior notes | $1,270,916 | $1,186,723 | | Total liabilities | $3,098,033 | $3,071,585 | | Partners' equity | $686,305 | $716,613 | [Non-GAAP Financial Measures and Reconciliations](index=3&type=section&id=Non-GAAP%20Financial%20Measures%20and%20Reconciliations) [Explanation of Non-GAAP Measures](index=3&type=section&id=Explanation%20of%20Non-GAAP%20Measures) The company uses non-GAAP measures like Product Margin, EBITDA, Adjusted EBITDA, DCF, and Adjusted DCF to evaluate core profitability, operational performance, and cash generation for distributions and debt service - Product Margin (product sales minus product costs) is used to measure the core profitability of operations[19](index=19&type=chunk) - EBITDA and Adjusted EBITDA are used to assess financial performance, ability to generate cash, and compliance with debt covenants[20](index=20&type=chunk)[23](index=23&type=chunk) - Distributable Cash Flow (DCF) and Adjusted DCF serve as indicators of the company's success in providing a cash return to limited partners[21](index=21&type=chunk)[24](index=24&type=chunk) [Financial Reconciliations](index=8&type=section&id=Financial%20Reconciliations) The report provides detailed reconciliations, showing Q2 2025 gross profit of **$272.4 million** reconciled to a combined product margin of **$305.7 million**, and net income of **$25.2 million** reconciled to Adjusted EBITDA of **$98.2 million** and Adjusted DCF of **$52.3 million** Q2 2025 Reconciliations (in thousands) | Reconciliation | Starting Value (GAAP) | Ending Value (Non-GAAP) | | :--- | :--- | :--- | | Gross Profit to Product Margin | $272,362 | $305,725 | | Net Income to Adjusted EBITDA | $25,210 | $98,158 | | Net Income to Adjusted DCF | $25,210 | $52,281 | - EBITDA, adjusted EBITDA, DCF and adjusted DCF for Q2 2025 all include a loss on early extinguishment of debt of **$2.8 million**[32](index=32&type=chunk) [Other Information](index=3&type=section&id=Other%20Information) [About Global Partners LP](index=3&type=section&id=About%20Global%20Partners%20LP) Global Partners LP is a Fortune 500 master limited partnership operating **54 liquid energy terminals** and approximately **1,700 retail locations** across the Northeast, Mid-Atlantic, and Texas, trading on the NYSE under the ticker symbol **"GLP"** - A Fortune 500 company operating **54 liquid energy terminals** and approximately **1,700 retail locations**[17](index=17&type=chunk) - Distributes gasoline, distillates, residual oil, and renewable fuels to wholesale, retail, and commercial customers[17](index=17&type=chunk) - Trades on the New York Stock Exchange as a master limited partnership under the ticker symbol **"GLP"**[18](index=18&type=chunk) [Forward-Looking Statements](index=5&type=section&id=Forward-Looking%20Statements) This section contains a standard safe harbor statement, cautioning readers that forward-looking statements are based on current expectations and are subject to significant risks and uncertainties - The press release contains forward-looking statements based on current expectations, which are not guarantees of future performance[26](index=26&type=chunk) - Readers are cautioned about significant risks and uncertainties and are directed to the Partnership's SEC filings (Form 10-K, 10-Q, 8-K) for more details[26](index=26&type=chunk)[27](index=27&type=chunk)