Atlantic Union Bankshares (AUB) - 2025 Q1 - Quarterly Results
2025-04-24 10:47
Exhibit 99.1 Contact: Robert M. Gorman - (804) 523-7828 Executive Vice President / Chief Financial Officer ATLANTIC UNION BANKSHARES REPORTS FIRST QUARTER FINANCIAL RESULTS Richmond, Va., April 24, 2025 – Atlantic Union Bankshares Corporation (the "Company" or "Atlantic Union") (NYSE: AUB) reported net income available to common shareholders of $46.9 million and basic and diluted earnings per common share of $0.53 and $0.52, respectively, for the first quarter of 2025 and adjusted operating earnings availab ...
Hasbro(HAS) - 2025 Q1 - Quarterly Results
2025-04-24 10:46
For Immediate Release Hasbro Reports First Quarter 2025 Financial Results Company Reports Revenue, Operating Profit and Net Earnings Growth Declares Quarterly Dividend Pawtucket, R.I., April 24, 2025 -- Hasbro, Inc. (NASDAQ: HAS), a leading games, IP, and toy company, today reported financial results for the first quarter 2025. "Hasbro's Playing to Win strategy is delivering in a challenging environment. We're outperforming today and building for tomorrow through disciplined execution, standout partnerships ...
Merck(MRK) - 2025 Q1 - Quarterly Results
2025-04-24 10:45
Exhibit 99.1 News Release Merck Announces First-Quarter 2025 Financial Results RAHWAY, N.J., April 24, 2025 – Merck (NYSE: MRK), known as MSD outside the United States and Canada, today announced financial results for the first quarter of 2025. "Our company made strong progress to start the year, with increasing contributions from our newer commercialized medicines and vaccines and continued advancement of our pipeline," said Robert M. Davis, chairman and chief executive officer, Merck. "We are working with ...
RPC(RES) - 2025 Q1 - Quarterly Results
2025-04-24 10:45
Exhibit 99.1 Page 1 First Quarter 2025 Earnings Release RPC, Inc. Reports First Quarter 2025 Financial Results And Declares Regular Quarterly Cash Dividend ATLANTA, April 24, 2025 - RPC, Inc. (NYSE: RES) ("RPC" or the "Company"), a leading diversified oilfield services company, announced its unaudited results for the first quarter ended March 31, 2025. * Non-GAAP measures, including EBITDA, EBITDA margin and free cash flow are reconciled to the most comparable GAAP measures in the appendices of this earning ...
Curbline Properties Corp.(CURB) - 2025 Q1 - Quarterly Results
2025-04-24 10:45
Exhibit 99.1 CURBLINE PROPERTIES 1Q25 QUARTERLY FINANCIAL SUPPLEMENT QUARTER ENDED March 31, 2025 RECENT ACQUISITION Carrie Plaza, Jacksonville, Florida CURB LISTED NYSE. CURBLINE PROPERTIES COMPANY & PORTFOLIO OVERVIEW Curbline Properties is an owner and manager of convenience shopping centers positioned on the curbline of well-trafficked intersections and major vehicular corridors in suburban, high household income communities. $2.5B MARKET CAPITALIZATION 107 PROPERTIES 3.4M GLA THE CURBLINE PORTFOLIO 119 ...
CMS Energy(CMS) - 2025 Q1 - Quarterly Results
2025-04-24 10:44
Exhibit 99.1 CMS Energy Announces First Quarter Results for 2025, Reaffirms 2025 Adjusted EPS Guidance JACKSON, Mich., April 24, 2025 – CMS Energy announced today reported earnings per share of $1.01 for the first quarter of 2025, compared to $0.96 per share for 2024. The company's adjusted earnings per share for the first quarter were $1.02, compared to $0.97 per share for 2024. CMS Energy reaffirmed its 2025 adjusted earnings guidance of $3.54 to $3.60 per share (*See below for important information about ...
Group 1 Automotive(GPI) - 2025 Q1 - Quarterly Results
2025-04-24 10:40
Exhibit 99.1 FOR IMMEDIATE RELEASE Group 1 Automotive Reports First Quarter 2025 Financial Results HOUSTON, TX, April 24, 2025 — Group 1 Automotive, Inc. (NYSE: GPI) ("Group 1" or the "Company"), a Fortune 250 automotive retailer with 260 dealerships located in the U.S. and U.K., today reported financial results for the first quarter of 2025 ("current quarter"). "Our U.S. business performed well in the current quarter, as we continued to execute while navigating the uncertainty that has arisen from tariff a ...
Dover(DOV) - 2025 Q1 - Quarterly Report
2025-04-24 10:37
Revenue Performance - Revenue for Q1 2025 was $1.9 billion, a decrease of $17.7 million or 0.9% compared to Q1 2024, driven by a 2.7% decline related to dispositions and a 1.1% unfavorable impact from foreign currency translation [103]. - Organic revenue growth of 0.5% in Q1 2025 was supported by the Pumps & Process Solutions, Imaging & Identification, and Clean Energy & Fueling segments, which grew by 6.5%, 3.9%, and 1.8% respectively [104]. - Bookings for Q1 2025 were $2.0 billion, a decrease of $16.3 million or 0.8% year-over-year, impacted by a 2.6% decline related to dispositions and a 1.1% unfavorable foreign currency translation [107]. - Overall bookings decreased by 19.8% year-over-year, with a disposition-related decline of 15.8% and an organic decline of 4.1% [132]. Profitability and Earnings - Gross profit for Q1 2025 increased by $48.3 million or 6.9%, with a gross profit margin of 40.0%, up 300 basis points from the prior year [115]. - Earnings from continuing operations decreased by 60.3% to $239.2 million, or $1.73 diluted earnings per share, compared to $602.1 million, or $4.30 diluted earnings per share in Q1 2024 [123]. - Total segment earnings for the first quarter of 2025 were $410.7 million, compared to $371.7 million in the prior year [155]. Segment Performance - The Engineered Products segment reported a revenue decline of 23.5% to $254.6 million, primarily due to a 15.4% decline related to dispositions [128]. - Engineered Products segment earnings decreased by $18.4 million, or 29.5%, with segment earnings margin decreasing to 17.3% from 18.8% compared to the prior year [131]. - Clean Energy & Fueling revenue increased by $46.1 million, or 10.4%, driven by acquisition-related growth of 9.4% and organic growth of 1.8% [135]. - Clean Energy & Fueling segment earnings increased by $16.0 million, or 22.9%, with segment earnings margin rising to 17.4% from 15.7% [137]. - Imaging & Identification revenue increased by $3.3 million, or 1.2%, driven by organic growth of 3.9% [141]. - Pumps & Process Solutions revenue increased by $27.8 million, or 6.0%, with organic growth of 6.5% [147]. - Climate & Sustainability Technologies revenue decreased by $16.4 million, or 4.5%, due to an organic revenue decline of 3.7% [153]. Expenses and Costs - Research and development costs for Q1 2025 were $37.5 million, representing 2.0% of revenue, compared to 1.9% in Q1 2024 [117]. - Selling, general and administrative expenses increased by $6.2 million or 1.4% in Q1 2025, with expenses as a percentage of revenue rising to 24.1% [116]. - Restructuring charges for the three months ended March 31, 2025, amounted to $8.3 million, primarily related to headcount reductions and exit costs [156]. - Purchase accounting expenses for the three months ended March 31, 2025, totaled $49.1 million, compared to $44.2 million in 2024 [162]. Cash Flow and Capital Management - Cash flow from operating activities for the three months ended March 31, 2025, was $157.5 million, an increase of $11.0 million compared to the same period in 2024 [165]. - Free cash flow for the three months ended March 31, 2025, was $109.3 million, representing 5.9% of revenue and 45.7% of earnings from continuing operations [173]. - Adjusted working capital increased by $93.4 million, or 5.7%, to $1.744 billion as of March 31, 2025, driven by increases in receivables and inventory [166]. - The company repurchased 200,000 shares for $40.7 million during the three months ended March 31, 2025 [172]. - Capital expenditures for 2025 are estimated to range from $170.0 million to $190.0 million [168]. Financial Position and Liquidity - Cash and cash equivalents totaled $1.8 billion as of March 31, 2025, with approximately $339.3 million held outside the United States [177]. - The interest coverage ratio was 49.4 to 1 as of March 31, 2025, indicating strong compliance with debt covenants [175]. - The net debt to net capitalization ratio increased to 14.1% as of March 31, 2025, compared to 13.5% at December 31, 2024 [178]. - Net debt rose by $83.0 million during the period, primarily due to foreign currency translation adjustments and a decrease in cash and cash equivalents [178]. - Stockholders' equity increased by $183.8 million, driven by current earnings of $230.8 million, partially offset by dividends paid [178]. - Operating cash flow and access to capital markets are expected to meet cash flow requirements, including acquisitions and capital expenditures [179]. - The company believes existing sources of liquidity are adequate to meet anticipated funding needs at current risk-based interest rates [179]. Market and Risk Management - The adoption of recent accounting standards is not expected to have a significant impact on revenue, earnings, or liquidity [181]. - The company emphasizes the importance of free cash flow as a measure of liquidity for funding acquisitions, paying dividends, and repurchasing stock [185]. - There has been no significant change in the company's exposure to market risk during the three months ended March 31, 2025 [187].
Strategic Education(STRA) - 2025 Q1 - Quarterly Results
2025-04-24 10:35
Exhibit 99.1 STRATEGIC EDUCATION, INC. REPORTS FIRST QUARTER 2025 RESULTS Three Months Ended March 31 U.S. Higher Education Segment Highlights Education Technology Services Segment Highlights • The Education Technology Services segment (ETS) is comprised primarily of Enterprise Partnerships, Sophia Learning, and Workforce Edge. 1 • Revenue increased 4.6% to $303.6 million compared to $290.3 million for the same period in 2024. Revenue on a constant currency basis, which is a non-GAAP financial measure, incr ...
Dover(DOV) - 2025 Q1 - Quarterly Results
2025-04-24 10:34
Exhibit 99.1 DOVER REPORTS FIRST QUARTER 2025 RESULTS DOWNERS GROVE, Ill., April 24, 2025 — Dover (NYSE: DOV), a diversified global manufacturer, announced its financial results for the first quarter ended March 31, 2025. All comparisons are to the comparable period of the prior fiscal year, unless otherwise noted. | | | | | Three Months Ended March 31, | | | --- | --- | --- | --- | --- | --- | | ($ in millions, except per share data) | | 2025 | | 2024 | % Change* | | U.S. GAAP | | | | | | | Revenue | $ | 1 ...