• Delivered Revenue of $1.7 Billion, an Increase of 13% Versus Prior Year (+12% Constant Currency) • Achieved Pro Forma Revenue Growth of 16% Led by a 22% (+21% Constant Currency) Gain at the Coach Brand • Drove Operating Margin Expansion of 260 Basis Points on a GAAP Basis and 200 Basis Points on a Non-GAAP Basis Fueled by a Gross Margin Increase and SG&A Leverage • Achieved GAAP Diluted EPS of $1.28, up 61% Versus Prior Year, and Non-GAAP Diluted EPS of $1.38, an Increase of 35% Versus Prior Year • Expect ...

Exhibit 99.1 Onity Group Inc. ONITY GROUP ANNOUNCES THIRD QUARTER 2025 RESULTS West Palm Beach, FL – (November 6, 2025) – Onity Group Inc. (NYSE: ONIT) ("Onity" or the "Company") today announced its third quarter 2025 results and provided a business update. Third Quarter 2025: ● Expect to exceed 2025 adjusted ROE* guidance range of 16% - 18% ● Expect to release a significant portion of $180 million deferred tax asset (DTA) valuation allowance as of December 31, 2024, by year-end 2025; third quarter net inco ...

Exhibit 99.1 Onity Group Inc. ONITY GROUP ANNOUNCES THIRD QUARTER 2025 RESULTS West Palm Beach, FL – (November 6, 2025) – Onity Group Inc. (NYSE: ONIT) ("Onity" or the "Company") today announced its third quarter 2025 results and provided a business update. Third Quarter 2025: 2025 Outlook: "Our balanced business and strong execution drove exceptional third quarter performance, with originations achieving record quarterly volumes and servicing generating robust, consistent earnings," said Onity Group Chair, ...

Financial Performance - GAAP net loss of $0.27 per diluted common share for Q3 2025, with GAAP net income of $1.67 per diluted common share for the nine months ended September 30, 2025[3] - Net (loss) income available to common shareholders was $(21.99) million for Q3 2025, compared to $113.67 million in Q3 2024[12] - Comprehensive (loss) income available to common stock shareholders was $(25.00) million for Q3 2025, compared to $123.22 million in Q3 2024[15] - GAAP net income available to common stockholders for Q3 2025 was $(21,997) thousand, compared to $14,024 thousand in Q2 2025 and $145,940 thousand in Q1 2025[22] - Earnings available for distribution for Q3 2025 was $30,255 thousand, a decrease from $32,111 thousand in Q2 2025 and $33,526 thousand in Q1 2025[22] - The company reported a GAAP net income (loss) per diluted common share of $(0.27) for Q3 2025, compared to $0.17 in Q2 2025 and $1.77 in Q1 2025[22] Assets and Liabilities - Total assets increased to $15.12 billion as of September 30, 2025, compared to $13.12 billion at December 31, 2024[10] - Total liabilities increased to $12.54 billion as of September 30, 2025, from $10.59 billion at December 31, 2024[10] - Cash and cash equivalents rose to $491.48 million from $83.99 million at the end of 2024[10] - Total interest-earning assets at period-end increased to $14,111,113 thousand as of September 30, 2025, up from $12,780,065 thousand at December 31, 2024[30] - Total interest-bearing liabilities at period-end rose to $12,218,502 thousand as of September 30, 2025, compared to $10,014,759 thousand at December 31, 2024[30] Acquisition - Completed the acquisition of HomeXpress on October 1, 2025, for $240 million in cash, including an estimated adjusted book value of $120 million and a premium of $120 million[3] - The company completed the acquisition of HomeXpress, which is expected to impact future earnings positively[41] Income and Yield - Net interest income for Q3 2025 was $65.01 million, a slight decrease from $66.45 million in Q3 2024[12] - Economic net interest income for the quarter ended September 30, 2025, was $68,558,000, reflecting a net interest rate spread of 1.4%[34] - The economic average cost of funds was 4.5% for the quarter ended September 30, 2025[36] - The weighted average yield at period-end for Non-Agency RMBS senior class was 5.7% as of September 30, 2025, consistent with the previous quarter[25] Portfolio Composition - Loans held for investment represented 73.5% of the portfolio composition as of September 30, 2025[31] - The fixed-rate percentage of the portfolio was 86.0% as of September 30, 2025, compared to 87.9% at the end of December 2024[31] - Non-Agency RMBS portfolio's accretable discount balance decreased to $89,297,000 by the end of September 2025[40] Financial Metrics - GAAP book value of $20.24 per common share at September 30, 2025, with an economic return of (1.4)% for the quarter and 8.3% for the nine months[3] - The company's return on average equity for the quarter ended September 30, 2025, was (0.09)%[39] - Average interest-earning assets increased to $13,954,447,000 with a yield of 5.9% for the quarter ended September 30, 2025[36] - The average debt balance for the quarter ended September 30, 2025, was $12,278,733,000[36] Regulatory and Cautionary Statements - The company plans to maintain its REIT qualification by distributing at least 90% of its REIT taxable income annually[20] - Earnings available for distribution is a key metric used by the Board of Directors to determine dividends, alongside other metrics such as REIT taxable income and cash generated from the portfolio[20] - Chimera cautions readers not to place undue reliance on forward-looking statements, which are only valid as of the date made[42] - Financial information in the press release is based on Company data available at the time and may not have been audited[43]

Financial Performance - Fee-paying assets under management (FPAUM) reached $29.1 billion, a 17% increase from the prior year[13] - Fee-Related Revenue was $75.9 million, representing a 4% year-over-year growth[13] - Fee-Related Earnings amounted to $36.0 million, reflecting a 3% year-over-year growth[13] - Adjusted Net Income (ANI) was $28.6 million, a 7% decrease year-over-year[13] - Fully Diluted ANI per share was $0.24, a decrease of $0.02 year-over-year[13] - Total revenues for Q3 2025 were $75.9 million, a 2% increase compared to $74.2 million in Q3 2024[30] - Management and advisory fees increased by 2% year-over-year to $74.3 million in Q3 2025, up from $72.6 million in Q3 2024[30] - Net income attributable to P10 for Q3 2025 was $2.1 million, representing a 53% increase from $1.4 million in Q3 2024[30] - Adjusted net income for the nine months ended September 30, 2025, was $78.8 million, a 7% decrease from $84.9 million in the same period of 2024[32] - Fee-related earnings for Q3 2025 were $36.0 million, a 3% increase compared to $35.1 million in Q3 2024[32] - The company reported a 4% increase in fee-related revenue for the nine months ended September 30, 2025, totaling $216.3 million compared to $206.2 million in 2024[32] - Basic earnings per share for Q3 2025 were $0.02, a 55% increase from $0.01 in Q3 2024[30] Debt and Equity - As of September 30, 2025, the company had $387 million in outstanding debt, with $113 million available on credit facilities[15] - The company repurchased 110,032 shares at a weighted average price of $11.34, totaling over $1 million[15] - Total liabilities rose to $539,220,000 as of September 30, 2025, compared to $482,385,000 at the end of 2024, marking an increase of about 11.8%[34] - Debt obligations increased to $393,394,000 from $319,783,000, an increase of approximately 23%[34] - The company’s total equity increased to $396,790,000 from $386,890,000, reflecting a growth of about 2.3%[34] Cash Flow and Investments - Cash and cash equivalents decreased to $39,991,000 from $67,455,000, a decline of about 40.7%[34] - Net income for the nine months ended September 30, 2025, was $11,929,000, down from $13,966,000 for the same period in 2024, reflecting a decrease of approximately 14.7%[35] - Net cash provided by operating activities significantly dropped to $54,000 from $73,258,000 year-over-year[35] - The company reported a net cash used in investing activities of $41,061,000 for the nine months ended September 30, 2025, compared to $3,358,000 in the same period of 2024[35] - Borrowings on debt obligations amounted to $93,000,000, while repayments totaled $20,500,000, indicating a net increase in debt financing[35] Fund Performance and Strategy - Fund VI, launched in 2023, has a size of €250 million with 35% called capital and a net IRR of 15.6%[50] - Fund III, established in 2019, has a size of €130 million, 100% called capital, and a net IRR of 13.8%[50] - VLL I, initiated in 1994, has a size of $47 million with 100% called capital and a net IRR of 63.3%[52] - VLL IV, launched in 2004, has a size of $250 million with 100% called capital and a net IRR of 15.9%[52] - Fund III from Five Points Capital, established in 2013, has a size of $230 million with 97% called capital and a net IRR of 25.2%[53] - Hark Capital's Fund IV, initiated in 2022, has a size of $646 million with 57% called capital and a net IRR of 11.6%[55] - Enhanced Capital's Project Finance fund, launched in 2021, has a size of $386 million with 100% called capital and a net IRR of 9.8%[56] - TrueBridge's Fund II, established in 2010, has a size of $342 million with 83% called capital and a net IRR of 20.2%[58] Operational Insights - The company has a unique and extensive proprietary analytics database that provides a competitive edge for systematic sourcing, diligence, and monitoring processes, enabling more informed investment decisions[74] - The company manages over 52,000 investment transactions and 1,600 individual firms, reflecting extensive data collection capabilities[71] - The company emphasizes disciplined growth through acquisitions, which can create additional intangibles and goodwill amortization[75] - The company utilizes Adjusted Net Income (ANI) to assess profitability, which reflects cash flows generated by core operations[82] - The company’s performance measures, such as Net IRR and Net ROIC, are calculated net of fees and expenses, providing a clearer picture of investment returns[84] Risks and Considerations - RCP's investment strategy is subject to significant risks, and past performance is not indicative of future results[94] - All investments bear the risk of loss, including the risk of non-payment of loans by borrowers[93] - The performance data represents past performance only and is not a guarantee of future results, with all investments involving risks including loss of principal[102] - Future realizations of investments may vary materially from current estimates, affecting final returns[103]

Financial Performance - Net income attributable to Granite for Q3 2025 was $103 million, or $1.98 per diluted share, a 30% increase year-over-year[3] - Adjusted net income for Q3 2025 was $124 million, or $2.70 per diluted share, reflecting a 36% year-over-year increase[3] - Q3 revenue increased 12% year-over-year to $1.43 billion, with gross profit rising to $261 million, a 28.6% increase[8] - Adjusted EBITDA for Q3 2025 was $216 million, a 44% increase year-over-year[8] - Net income attributable to Granite Construction for the three months ended September 30, 2025, was $102,929, up 30.4% from $78,951 in 2024[26] - Basic net income per share for the three months ended September 30, 2025, was $2.35, an increase from $1.81 in 2024[26] - EBITDA for Q3 2025 reached $197.3 million, compared to $138.8 million in Q3 2024, reflecting a 42.1% growth[34] - The net income margin for Q3 2025 improved to 7.2%, up from 6.2% in Q3 2024[34] - Total revenue for Q3 2025 was $1.43 billion, compared to $1.28 billion in Q3 2024, marking an increase of 11.8%[35] Revenue and Profitability - Committed and Awarded Projects (CAP) reached a record $6.3 billion, up $273 million sequentially and $718 million year-over-year[4][13] - Gross profit for the nine months ended September 30, 2025, was $543,496, representing a 28.8% increase from $421,945 in 2024[26] - Gross profit for the materials segment in Q3 2025 was $68.2 million, compared to $32.3 million in Q3 2024, representing a significant increase of 111.1%[40] - Total revenue for the nine months ended September 30, 2025, was $544.452 million, a 24.8% increase from $436.399 million in the same period of 2024[45] - Gross profit for the total Materials Segment was $112.046 million, representing a gross profit margin of 20.6%[45] - Cash gross profit for the total Materials Segment was $155.465 million, with a cash gross profit margin of 28.6%[45] Guidance and Projections - The company updated its 2025 revenue guidance to a range of $4.35 billion to $4.45 billion, while increasing the adjusted EBITDA margin range to 11.50% to 12.50%[20] - Capital expenditures are expected to total approximately $130 million, or about 3% of revenue[20] - The bidding pipeline remains robust, with ample opportunities to build CAP and drive organic growth towards 2027 financial targets[13][21] Assets and Liabilities - Total assets increased to $4,145,320 as of September 30, 2025, compared to $3,025,655 as of December 31, 2024, reflecting a growth of 37.0%[24] - Cash and cash equivalents decreased to $441,804 at the end of September 2025, down from $578,330 at the end of December 2024[24] - Long-term debt increased to $966,346 as of September 30, 2025, from $737,939 as of December 31, 2024[24] Acquisitions and Investments - The acquisition of Cinderlite is expected to strengthen Granite's operations in Nevada[4][21] - The company completed acquisitions totaling $705,278 during the nine months ended September 30, 2025, compared to $122,448 in 2024[28] Segment Performance - External revenue for the Aggregate product line was $200.894 million, while the Asphalt product line generated $342.353 million in external revenue for the nine months ended September 30, 2025[45] - Sales tons for the Aggregate product line increased to 18,108 tons in 2025 from 15,252 tons in 2024, reflecting a growth of 12.2%[45] - The average selling price per ton for the Aggregate product line rose to $18.20 in 2025, up from $16.07 in 2024, indicating a 13.2% increase[47] - The average selling price per ton for aggregates in Q3 2025 was $20.54, up from $16.36 in Q3 2024, indicating a 25.5% increase[40] Expenses - SG&A expenses for Q3 2025 were $102 million, or 7.1% of revenue, compared to 7.2% in the prior year[8] - Depreciation, depletion, and amortization expenses totaled $43.419 million for the nine months ended September 30, 2025[45] - Granite Construction's provision for income taxes for Q3 2025 was $38.1 million, up from $25.5 million in Q3 2024, an increase of 49.4%[37]

Financial Performance - Net sales increased by $67.8 million, or 8.7%, to $850.4 million compared to $782.6 million in the prior year quarter[3] - Adjusted EBITDA increased by $42.0 million, or 17.1%, to $287.5 million, representing 33.8% of net sales compared to 31.4% in the prior year[8] - Net income increased by $25.3 million, or 19.3%, to $156.5 million, with net income per diluted share rising by $0.32, or 19.2%, to $1.99[6] - Total consolidated net sales for the three months ended September 30, 2025, were $850,381,000, an increase from $782,610,000 in the same period of 2024, representing a growth of 8.7%[31] - Adjusted EBITDA for the three months ended September 30, 2025, was $287,532,000, compared to $245,550,000 for the same period in 2024, reflecting an increase of 17.1%[41] - The company reported a net income of $156,500,000 for the three months ended September 30, 2025, compared to $131,174,000 for the same period in 2024, which is an increase of 19.2%[41] - Diluted earnings per share for the three months ended September 30, 2025, were $1.99, up from $1.67 in the same period of 2024, marking an increase of 19.2%[44] Sales and Revenue Growth - Infiltrator sales increased by $36.1 million, or 25.2%, to $179.7 million, driven by the acquisition of Orenco and growth in tanks and advanced treatment products[3] - Domestic allied products & other sales increased by $22.9 million, or 13.0%, to $199.0 million[3] - International net sales totaled $58,657,000 for the three months ended September 30, 2025, slightly down from $60,058,000 in the same period of 2024, a decrease of 2.3%[31] Guidance and Future Outlook - The company updated its fiscal 2026 guidance, expecting net sales in the range of $2.900 billion to $2.990 billion and Adjusted EBITDA between $900 million and $940 million[18] Cash Flow and Liquidity - Free cash flow increased to $398.8 million compared to $238.1 million in the prior year[13] - Net cash provided by operating activities for the six months ended September 30, 2025, was $509,843,000, compared to $350,326,000 in 2024, reflecting a 45.5% increase[29] - Free cash flow for the six months ended September 30, 2025, was $398,825,000, significantly higher than $238,144,000 for the same period in 2024, indicating a growth of 67.5%[42] - Total liquidity stood at $1,402.7 million, including cash of $812.9 million and $589.9 million available under credit facilities[14] Expenses and Costs - Selling, general and administrative expenses rose by $25.1 million, or 26.7%, to $119.2 million, primarily due to the acquisition of Orenco and transaction costs related to NDS[5] - Operating expenses for the three months ended September 30, 2025, were $119,224,000, an increase of 26.7% from $94,132,000 in 2024[25] - The company incurred restructuring and realignment expenses of $7,171,000 for the three months ended September 30, 2025, which were not present in the same period of 2024[41] Assets and Capital Expenditures - Total assets as of September 30, 2025, reached $4,079,289,000, up from $3,690,360,000 as of March 31, 2025[27] - Capital expenditures for the six months ended September 30, 2025, were $111,018,000, compared to $112,182,000 in the same period of 2024, showing a slight decrease of 1.0%[42] Debt and Shareholder Returns - Long-term debt obligations as of September 30, 2025, were $1,248,506,000, slightly down from $1,251,589,000 as of March 31, 2025[27] - The company declared cash dividends of $0.18 per share for the three months ended September 30, 2025, up from $0.16 per share in 2024[25] Share Information - The company reported a weighted average diluted shares outstanding of 78,310,000 for the three months ended September 30, 2025, compared to 78,110,000 in 2024[25] - Segment adjusted gross profit for the Pipe segment was $135,305,000 for the three months ended September 30, 2025, compared to $113,605,000 in 2024, reflecting a growth of 19.1%[40] - The company’s total segment adjusted gross profit for the three months ended September 30, 2025, was $380,065,000, an increase from $325,932,000 in the same period of 2024, representing a growth of 16.6%[40]

Financial Performance - Revenues for the second quarter of fiscal 2026 were $45,687,000, an increase of 11.5% compared to $41,109,000 for the same period in the previous year[4] - Net income for the second quarter was $5,199,000, down 13.8% from $6,030,000 in the prior year[4] - Adjusted EBITDA for the second quarter was $8,280,000, a decrease of 20% from $10,350,000 in the same quarter last year[4] - For the twenty-six weeks ended September 28, 2025, total revenues were $92,685,000, up 7.5% from $85,876,000 in the prior year[4] - Net income for the thirteen weeks ended September 28, 2025, was $5,199,000, a decrease of 13.8% compared to $6,030,000 for the same period in 2024[15] - EBITDA for the thirteen weeks ended September 28, 2025, was $7,996,000, down 18.2% from $9,787,000 in the prior year[15] - Adjusted EBITDA for the thirteen weeks ended September 28, 2025, was $8,280,000, a decline of 20.0% compared to $10,350,000 in the same quarter of 2024[15] - Net income for the twenty-six weeks ended September 28, 2025, was $14,127,000, a decrease of 7.7% compared to $15,307,000 for the same period in 2024[15] - Adjusted EBITDA for the twenty-six weeks ended September 28, 2025, was $21,811,000, down 11.0% from $24,631,000 in the same period of 2024[15] Revenue Sources - License royalties decreased to $21,608,000 for the twenty-six weeks, down from $22,412,000, reflecting a 3.6% decline[6] - Sales from the Branded Product Program increased by $7,440,000 to $58,122,000, a rise of 14.7% compared to the previous year[6] - The average selling price of hot dogs increased by approximately 10% compared to the prior year period[6] - Fourteen franchised locations opened during the fiscal 2026 period, contributing to an increase in franchise restaurant sales to $38,316,000, up from $36,334,000[6] Expenses and Costs - The company reported a 16% increase in the cost of beef and beef trimmings, impacting income from operations[6] - Interest expense decreased to $739,000 for the thirteen weeks ended September 28, 2025, from $1,441,000 in the same period last year, representing a reduction of 48.7%[15] - Provision for income taxes for the thirteen weeks ended September 28, 2025, was $1,822,000, down 12.0% from $2,069,000 in the prior year[15] - Depreciation and amortization expenses decreased to $236,000 for the thirteen weeks ended September 28, 2025, compared to $247,000 for the same period in 2024, a decrease of 4.5%[15] - The loss on debt extinguishment was recorded as $334,000 in the twenty-six weeks ended September 28, 2025, consistent with the same amount in the previous year[15] - Share-based compensation increased to $284,000 for the thirteen weeks ended September 28, 2025, up 24.1% from $229,000 in the same period last year[15] Dividends - The Board of Directors declared a regular quarterly cash dividend of $0.50 per share and a special cash dividend of $2.50 per share, payable on December 5, 2025[6]

Financial Performance - Revenue for Q2 2026 was $131.7 million, representing a year-over-year increase of 14.9%[3] - Adjusted EBITDA for the quarter was $30.6 million, up 28.6% from the previous year, with an Adjusted EBITDA margin of 23.2%[8] - Net income increased by 57.9% to $15.0 million, translating to $0.45 earnings per diluted share (EPS)[3] - Sales for the three months ended September 30, 2025, were $131.723 million, an increase of 14.9% compared to $114.648 million for the same period in 2024[27] - Net income for the three months ended September 30, 2025, was $14.954 million, compared to $9.494 million for the same period in 2024, representing a 57.8% increase[27] - Basic income per share for the three months ended September 30, 2025, was $0.45, up from $0.28 in the same period of 2024, indicating a significant improvement in earnings per share[27] - Net income for the six months ended September 30, 2025, was $23,535,000, an increase of 30.8% compared to $18,005,000 for the same period in 2024[31] - Adjusted EBITDA for the six months ended September 30, 2025, was $51,848,000, representing a 10.5% increase from $46,967,000 in 2024, with an adjusted EBITDA margin of 21.5%[33] - Total sales for the six months ended September 30, 2025, reached $240,621,000, up 4.0% from $229,774,000 in 2024[42] Guidance and Future Outlook - The company raised its full-year 2026 revenue guidance to approximately $506 to $527 million, with Adjusted EBITDA expected to be between $112 to $119 million[13] - The company expects revenues to increase and believes its cash flows will be sufficient to meet its needs for the next year[22] Cash Flow and Financial Position - Free Cash Flow for the quarter was $4.4 million, down from $6.7 million in the same period last year[11] - Free cash flow for the six months ended September 30, 2025, was $12,682,000, compared to $15,436,000 in 2024, reflecting a decrease of 17.9%[40] - Cash provided by operating activities for the six months ended September 30, 2025, was $18,167,000, down 14.4% from $21,221,000 in 2024[39] - The company reported a cash and cash equivalents balance of $29.748 million as of September 30, 2025, down from $39.537 million as of March 31, 2025[29] - The company’s cash, cash equivalents, and restricted cash at the end of the period were $35,483,000, down from $52,698,000 at the end of the same period in 2024[31] Orders and Backlog - Backlog as of September 30, 2025, was $251.3 million, a 16.9% increase from the previous year[9] - New orders for the quarter totaled $131.0 million, resulting in a book-to-bill ratio of 1.0x[3] - The total bid pipeline increased by 11% at quarter-end, with nearly 80% of opportunities coming from diversified end markets[2] Shareholder Actions - The company repurchased $6 million of shares during the quarter, with total repurchases since the start of the program reaching $36 million[11] Operational Costs - The company reported a stock compensation expense of $3,365,000 for the six months ended September 30, 2025, compared to $2,576,000 in 2024, indicating a 30.7% increase[33] - The company incurred $1,142,000 in ERP implementation-related costs for the six months ended September 30, 2025[37] Asset and Liability Management - Total current assets as of September 30, 2025, were $288.853 million, an increase from $274.292 million as of March 31, 2025[29] - Total liabilities as of September 30, 2025, were $262.954 million, slightly up from $260.137 million as of March 31, 2025[29] Strategic Initiatives - The company plans to pursue strategic acquisitions and emerging growth opportunities across diverse regions and industry sectors[22] - The company is focused on integrating acquired companies and achieving synergies from acquisitions[22]

Financial Performance - Consolidated net sales increased by 63.3% to $2,122.6 million compared to $1,300.0 million in Q3 2024, driven by Mattress Firm sales[3] - Net income rose by 36.5% to $177.4 million, while adjusted net income increased by 37.5% to $201.4 million compared to Q3 2024[6] - Earnings per diluted share (EPS) increased by 13.7% to $0.83, with adjusted EPS rising by 15.9% to $0.95 compared to Q3 2024[6] - Operating income grew by 55.9% to $314.7 million, with adjusted operating income increasing by 53.6% to $343.7 million compared to Q3 2024[6] - Gross profit for Q3 2025 was $952.8 million, up 72.8% from $551.5 million in Q3 2024[22] - Net income for Q3 2025 was $177.4 million, an increase from $130.0 million in Q3 2024, representing a 36.4% year-over-year growth[36] - Adjusted net income for Q3 2025 reached $201.4 million, compared to $146.5 million in Q3 2024, reflecting a 37.5% increase[36] - Adjusted earnings per share (EPS) for Q3 2025 was $0.95, up from $0.82 in Q3 2024, indicating a 15.9% rise[36] - Total net sales for Q3 2025 were $2,122.6 million, significantly higher than $1,300.0 million in Q3 2024, marking a 63.2% increase[40] - Adjusted EBITDA for Q3 2025 was $418.9 million, compared to $274.8 million in Q3 2024, which is a 52.4% increase[45] Sales and Market Performance - Mattress Firm net sales accounted for $1,070.8 million in Q3 2025, all reported through the direct channel[7] - Tempur Sealy International net sales increased by 10.9% to $315.7 million compared to Q3 2024, driven by expanded distribution[9] Margins and Guidance - North America gross margin improved to 58.4%, while adjusted gross margin increased by 1,710 basis points to 58.6% compared to Q3 2024[9] - Mattress Firm gross margin was 34.4%, with an adjusted gross margin of 35.6% for Q3 2025[8] - The company raised its full-year 2025 adjusted EPS guidance to a range of $2.60 to $2.75[12] Debt and Assets - Total debt at the end of Q3 2025 was $4.7 billion, with consolidated indebtedness less netted cash at $4.6 billion[11] - Total assets as of September 30, 2025, were $11,399.5 million, significantly up from $5,980.4 million at the end of 2024[24] - Total liabilities increased to $8,405.2 million from $5,412.1 million at the end of 2024[24] - Cash and cash equivalents at the end of Q3 2025 were $100.2 million, down from $117.4 million at the end of 2024[24] Operating Activities and Expenditures - Net cash provided by operating activities for the nine months ended September 30, 2025, was $700.7 million, compared to $537.4 million for the same period in 2024[26] - The company reported a significant acquisition expenditure of $2,824.5 million during the nine months ended September 30, 2025[26] Business Combination and Transition Costs - The Company incurred business combination charges of $32.2 million in Q3 2025, contributing to the adjustments in net income and EBITDA calculations[45] - In Q3 2025, the Company recorded $32.2 million in business combination charges, with $13.4 million related to the floor model transition and $12.6 million in professional fees and restructuring costs[1] - The Company incurred $7.3 million in supply chain transition costs in Q3 2025, with $0.9 million included in cost of sales and $6.4 million related to a manufacturing facility lease termination[2] - Disposition-related costs in Q3 2025 amounted to $1.3 million, primarily for retail store transition costs associated with the divestiture to Mattress Warehouse[3] - The Company recognized $67.9 million in transaction costs over the trailing twelve months, primarily related to the Mattress Firm acquisition and related divestitures[4] - Acquisition-related costs following the Mattress Firm acquisition totaled $114.2 million, mainly for one-time business combination accounting and purchase price allocation adjustments[5] - The Company recorded a $13.9 million loss on disposal of business related to the divestiture of 73 Mattress Firm stores and its Sleep Outfitters subsidiary[6] - For the trailing twelve months ended September 30, 2025, the Company is permitted to include $100.0 million of future cost synergies expected from acquisitions in the calculation of adjusted EBITDA[7] - The Company received $4.9 million for an insurance claim related to a cybersecurity event identified on July 23, 2023[8] - The Company included $107.6 million of Mattress Firm adjusted EBITDA prior to acquisition in its calculation of adjusted EBITDA for covenant compliance purposes[9] - The Company recognized $26.7 million in transition charges due to a customer's acquisition that affected OEM distribution[10]