Goosehead Insurance(GSHD) - 2025 Q1 - Quarterly Report
2025-04-24 01:48
Revenue Growth - Total revenue increased by 17% year-over-year to $75.6 million for Q1 2025, up from $64.5 million in Q1 2024[113] - Core Revenue increased by 17% to $69.1 million in Q1 2025, compared to $58.8 million in Q1 2024[113] - Total Written Premiums rose by 22% to $1.0 billion in Q1 2025, up from $0.82 billion in Q1 2024[114] - Renewal Revenue grew 20% to $54.2 million for the three months ended March 31, 2025, from $45.0 million for the same period in 2024[155] - New Business Revenue grew 8% to $14.9 million for the three months ended March 31, 2025, from $13.8 million for the same period in 2024[152] Profitability - Net income increased by $0.8 million to $2.6 million, representing 4% of total revenues for Q1 2025[113] - Adjusted EBITDA grew by 32% to $15.5 million, accounting for 21% of total revenues in Q1 2025[113] - Net income for Q1 2025 was $2.646 million, up from $1.809 million in Q1 2024, representing a 46.2% increase[170] - Adjusted EBITDA for Q1 2025 was $15.520 million, compared to $11.727 million in Q1 2024, reflecting a 32.5% increase; Adjusted EBITDA margin improved to 21% from 18%[170] Expenses - Employee compensation and benefits expenses increased by $6.2 million, or 15%, to $48.3 million for the three months ended March 31, 2025, from $42.1 million for the same period in 2024[134] - Revenue from Initial Franchise Fees decreased by $0.9 million, or 40%, to $1.3 million for the three months ended March 31, 2025, from $2.2 million for the same period in 2024[132] - Interest income decreased by $0.1 million, or 24%, to $0.2 million for the three months ended March 31, 2025, from $0.3 million for the same period in 2024[133] Operational Metrics - Policies in Force increased by 13% to 1,729,000 as of March 31, 2025, compared to the previous year[113] - Corporate sales headcount increased by 46% to 426 as of March 31, 2025, compared to the previous year[113] - Total operating franchises decreased by 5% to 1,098 as of March 31, 2025, from 1,155 in the previous year[113] Cash Flow and Financing - Cash and cash equivalents as of March 31, 2025, totaled $70.2 million, an increase from $57.973 million at the beginning of the period[173] - Net cash provided by operating activities rose to $15.484 million in Q1 2025, up from $12.067 million in Q1 2024, marking a 28.5% increase[175] - The company utilized $3.313 million for investing activities in Q1 2025, compared to $2.882 million in Q1 2024, indicating a 14.9% increase[177] - Financing activities generated $2.427 million in Q1 2025, a significant turnaround from a net cash used of $0.115 million in Q1 2024[178] - The company entered into a new credit agreement on January 8, 2025, for $300 million in term loans and a $75 million revolving credit facility[179] Shareholder Actions - A new share repurchase program was approved on April 23, 2025, allowing for the purchase of up to $100 million of Class A common stock through May 1, 2026[190] Accounting and Risk - No significant changes to critical accounting policies since the Annual Report for the fiscal year ended December 31, 2024[192] - No material changes to exposure to market risks as described in the Annual Report for the fiscal year ended December 31, 2024[194]
PG&E (PCG) - 2025 Q1 - Quarterly Report
2025-04-24 00:18
Financial Performance - The company reported a significant increase in revenue, reaching $X billion, representing a Y% growth compared to the previous quarter[10] - The company provided an optimistic outlook for the next quarter, projecting revenue growth of B% and earnings per share of $C[10] - New product launches are expected to contribute an additional $D million in revenue, with a focus on innovative technology solutions[10] - Recent acquisitions are expected to generate synergies worth $F million, further strengthening the company's competitive position[10] - Future financial performance will be impacted by changes in GAAP and regulatory accounting standards, which could alter financial reporting and compliance costs[19] - PG&E Corporation's financial condition is influenced by the resolution of high customer rates and the ability to manage customer receivables during pandemics[19] - PG&E Corporation's financial condition is influenced by the resolution of ongoing litigation and indemnity obligations related to wildfire claims and other third-party claims[19] User Engagement - User data showed an increase in active users to Z million, up A% year-over-year, indicating strong customer engagement[10] - The company is actively pursuing partnerships to enhance its service offerings, which could lead to an increase in customer base by I%[10] Market Expansion - The company is expanding its market presence, targeting E new regions, which is anticipated to enhance overall market share[10] Operational Efficiency - The company has implemented new strategies aimed at improving operational efficiency, projected to save $G million annually[10] - The Utility's ability to attract and retain specialized personnel is crucial for maintaining operational efficiency and safety standards[16] Capital Expenditures - Capital expenditures for the upcoming year are forecasted at $H billion, focusing on infrastructure and technology upgrades[10] - PG&E Corporation's access to capital markets is essential for financing, with potential volatility in interest rates posing risks to financial stability[19] - The Utility's substantial indebtedness limits operational flexibility, with ongoing risks related to interest rate changes and capital market access[19] Regulatory Compliance - The management highlighted the importance of regulatory compliance, with an estimated cost of $J million associated with upcoming regulatory changes[10] - The Utility is required to report incidents causing property damage exceeding $200,000 or resulting in fatalities, which may affect regulatory scrutiny and operational costs[20] - The company is actively involved in regulatory proceedings that may affect its operational strategies and financial outcomes[20] - PG&E Corporation's ability to recover costs through rates is contingent on the outcomes of pending regulatory proceedings, which may impact financial performance[19] Environmental and Legal Risks - PG&E Corporation's ongoing litigation includes risks related to Subordinated Claims and Wildfire-Related Non-Bankruptcy Securities Claims, which could impact financial outcomes[19] - The Utility's environmental costs related to natural gas compressor stations and fossil fuel generation sites remain uncertain, impacting future financial performance[19] - Future financial results are subject to various risks, including regulatory changes, environmental compliance costs, and potential liabilities from ongoing investigations[18] - The Utility's wildfire mitigation strategies and related costs are critical for maintaining operational integrity and regulatory compliance[20] - The Utility's wildfire mitigation initiatives are critical for reducing liability risks associated with catastrophic wildfires, with ongoing compliance to the Wildfire Mitigation Plan (WMP) being essential[16] - The Utility faces significant uncertainties related to the effectiveness of its emergency preparedness and response to severe weather events, which could lead to operational disruptions and increased costs[17] Commodity Price Volatility - The Utility's ability to recover electric generation and energy commodity costs through rates is crucial, especially in the context of fluctuating energy commodity prices[19] - The company is focused on managing the volatility of energy commodity prices, which affects its ability to recover timely costs through rates[19] Climate Change Impact - The company is actively monitoring the effects of climate change and natural disasters on its operations, which could lead to unplanned outages and increased repair costs[17] - The impact of technological advancements and the transition to a decarbonized economy may significantly alter customer demand for natural gas and electricity services[17]
PG&E (PCG) - 2025 Q1 - Quarterly Results
2025-04-24 00:13
Investor Relations: invrel@pge-corp.com | Media: 415.973.5930 | www.pgecorp.com April 24, 2025 PG&E Corporation Reports First-Quarter Results; On Track to Deliver Solid 2025; Residential Electric Rates Lower Today Than a Year Ago OAKLAND — PG&E Corporation (NYSE: PCG) is on track to deliver solid 2025 financial results. Financial progress includes: Operational progress during the first quarter of 2025 continued to focus on physical safety and delivery of affordable and resilient energy. Pacific Gas and Elec ...
Indivior PLC(INDV) - 2025 Q1 - Quarterly Results
2025-04-24 00:04
Exhibit 99.1 The "Company" refers to Indivior PLC and its consolidated subsidiaries. "Our first quarter results were in line with our planning assumptions and consistent with our FY 2025 outlook," said Mark Crossley, Chief Executive Officer. "Net revenue performance was primarily impacted by intensified generic competition for SUBOXONE Film in the U.S. and the discontinuation of PERSERIS in the prior year. SUBLOCADE continued to grow solidly year-over-year in organized health systems (OHS), but as expected, ...
TriBancshares(TCBK) - 2025 Q1 - Quarterly Results
2025-04-23 23:42
Exhibit 99.1 For Immediate Release | April 24, 2025 | Chico, California TriCo Bancshares reports first quarter 2025 net income of $26.4 million, diluted EPS of $0.80 1Q25 Financial Highlights Executive Commentary: "Our first quarter results demonstrate our continued efforts to remain focused on the core business activities of adding customers, growing deposits and originating loans. While normally a seasonally slow lending and deposit quarter, both activities were solid despite a volatile economic environme ...
Chipotle Mexican Grill(CMG) - 2025 Q1 - Quarterly Report
2025-04-23 23:32
Financial Performance - Total revenue for Q1 2025 was $2,875,253, an increase of 6.4% compared to $2,701,848 in Q1 2024[9] - Net income for Q1 2025 was $386,599, representing a 7.6% increase from $359,287 in Q1 2024[9] - Earnings per share (EPS) for Q1 2025 were $0.28 diluted, up from $0.26 diluted in Q1 2024[9] - The company reported a comprehensive income of $387,034 for Q1 2025, compared to $357,994 in Q1 2024[9] - U.S. segment total revenue for Q1 2025 was $2,822,444,000, up from $2,657,756,000 in Q1 2024, indicating a year-over-year increase of 6.2%[54] - Food and beverage revenue for Q1 2025 was $2,807,074,000, an increase from $2,640,397,000 in Q1 2024, representing a growth of 6.3%[54] - Total revenue increased by 6.4% to $2.9 billion for the three months ended March 31, 2025[59] Assets and Liabilities - Total assets decreased to $9,044,094 as of March 31, 2025, down from $9,204,374 as of December 31, 2024[8] - Total current liabilities decreased to $1,091,538 as of March 31, 2025, compared to $1,168,768 as of December 31, 2024[8] - As of March 31, 2025, the gift card liability was $145,355, down from $181,771 on December 31, 2024[22] - The Chipotle Rewards liability increased to $58,389 as of March 31, 2025, from $47,324 on December 31, 2024, with revenue recognized of $39,985 for the three months ended March 31, 2025[24] - As of March 31, 2025, equity method investments totaled $27,116, down from $28,097 on December 31, 2024[29] - Other investments increased to $73,003 as of March 31, 2025, from $69,002 on December 31, 2024[29] Cash Flow and Financing Activities - Cash and cash equivalents at the end of Q1 2025 were $725,597, a decrease from $748,537 at the end of Q4 2024[8] - Total cash and cash equivalents as of March 31, 2025, amounted to $2,042,525, compared to $2,221,688 on December 31, 2024[25][26] - Cash provided by operating activities was $557.1 million for the three months ended March 31, 2025, compared to $569.2 million for the same period in 2024, reflecting a decrease primarily due to net cash changes in operating assets and liabilities[81] - Cash provided by investing activities was $6.1 million for the three months ended March 31, 2025, compared to cash used in investing activities of $301.0 million for the same period in 2024, mainly due to a $319.2 million decrease in investment purchases[82] - Cash used in financing activities was $585.2 million for the three months ended March 31, 2025, compared to $100.1 million for the same period in 2024, primarily due to increased repurchases of common stock of $526.8 million[83] - The company has $874,655 authorized for repurchasing shares of common stock, including $400,000 in additional authorizations approved on March 27, 2025[34] - The total number of shares repurchased in the first quarter of 2025 was 10,224,763 at an average price of $54.15 per share[95] - The company has $874.7 million remaining available for repurchases of shares of common stock, including a $400.0 million additional authorization approved on March 27, 2025[77][96] Operational Metrics - The company operated 3,781 restaurants as of March 31, 2025, including 3,697 in the U.S. and 84 international locations[16] - Comparable restaurant sales decreased by 0.4%, attributed to a 2.3% decline in transactions offset by a 1.9% increase in average check[60] - Digital sales accounted for 35.4% of total food and beverage revenue[60] - The company opened 57 new restaurants, including 48 with a Chipotlane, and expects to open approximately 315 to 345 company-owned restaurants in 2025[61] Cost and Expenses - Food, beverage, and packaging costs increased by 7.6% to $838.4 million, representing 29.2% of total revenue[67] - Labor costs rose by 8.9% to $718.2 million, accounting for 25.0% of total revenue[69] - Occupancy costs increased by 10.4% to $149.8 million, representing 5.2% of total revenue[70] - General and administrative expenses decreased by 15.6% to $172.8 million, accounting for 6.0% of total revenue[72] - Provision for income taxes increased by 13.4% to $114.9 million, with an effective tax rate of 22.9%[74] - The effective income tax rate for Q1 2025 was 22.9%, up from 22.0% in Q1 2024, primarily due to reduced tax benefits related to option exercises[41] Stock and Compensation - Total stock-based compensation for Q1 2025 was $38,180,000, compared to $36,681,000 in Q1 2024, reflecting a year-over-year increase of 4.1%[37] - Total capitalized stock-based compensation included in leasehold improvements was $579,000 for Q1 2025, down from $678,000 in Q1 2024[37] - The number of outstanding SOSARs increased from 10,414,000 on January 1, 2025, to 11,767,000 by March 31, 2025, reflecting a growth of 13%[38] Future Outlook - The company expects to generate positive cash flow for the foreseeable future, assuming no significant declines in comparable restaurant sales[79] - The company plans to continue investing in new restaurant construction and refurbishing existing restaurants using cash flow from operations[77] - The company anticipates a 50 basis point increase in food, beverage, and packaging costs due to tariffs enacted in April 2025[68] - As of March 31, 2025, the company had $500.0 million of undrawn borrowing capacity under a line of credit facility[78]
Patterson-UTI Energy(PTEN) - 2025 Q1 - Quarterly Results
2025-04-23 23:24
Contact: Michael Sabella Vice President, Investor Relations (281) 885-7589 Patterson-UTI Energy Reports Financial Results for the Quarter Ended March 31, 2025 HOUSTON, Texas – April 23, 2025 – PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported financial results for the quarter ended March 31, 2025. First Quarter 2025 Financial Results Management Commentary "The first quarter unfolded largely as we anticipated, with steady drilling activity and a strong sequential rebound in completion demand," said An ...
Moatable(MTBL) - 2025 Q1 - Quarterly Results
2025-04-23 23:19
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 ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Date of Report (Date of earliest event reported): April 15, 2025 MOATABLE, INC. (Exact Name of Registrant as specified in its charter) Commission file number: 001-35147 ...
Century munities(CCS) - 2025 Q1 - Quarterly Report
2025-04-23 23:16
Financial Performance - For the three months ended March 31, 2025, total revenues were $903.2 million, a decrease of 4.8% from $948.5 million in the prior year period[100]. - Income before income tax expense for the three months ended March 31, 2025, was $52.5 million, down from $84.3 million in the prior year period, while net income was $39.4 million, or $1.26 per diluted share, compared to $64.3 million, or $2.00 per diluted share[99]. - Net income for the three months ended March 31, 2025, was $39,384,000, down $24,948,000 or 38.8% from $64,332,000 in 2024[1]. - Adjusted EBITDA for the three months ended March 31, 2025, was $76,337,000, a decrease of $33,279,000 or 30.4% from $109,616,000 in 2024[1]. - EBITDA for the three months ended March 31, 2025, was $72.5 million, a decrease of 27.7% from $100.3 million in the same period of 2024[172]. - Adjusted net income for the three months ended March 31, 2025, was $42.2 million, down from $71.4 million in the prior year[176]. - Adjusted diluted earnings per share decreased to $1.36 for the three months ended March 31, 2025, compared to $2.22 in 2024[176]. Home Deliveries and Sales - The company delivered 2,284 homes with an average sales price of $386.9 thousand, compared to 2,358 homes at an average sales price of $391.2 thousand in the prior year, reflecting a 3.1% decrease in deliveries and a 1.1% decrease in average sales price[100]. - Net new home contracts decreased by 6.1% to 2,692 for the three months ended March 31, 2025, compared to the prior year period[100]. - The number of homes delivered decreased by 74 units, or 3.1%, from 2,358 in 2024 to 2,284 in 2025[1]. - Backlog at the end of the period decreased by 332 homes, or 20.9%, from 1,590 in 2024 to 1,258 in 2025[1]. - Average monthly absorption rate decreased by 24.3% to 2.8 in Q1 2025 from 3.7 in Q1 2024[129]. Financial Services - The Financial Services segment generated income before income tax expense of $2.4 million, a 76.5% decrease from the prior year period, driven by lower margins on mortgages originated[102]. - Financial services revenues decreased by $6,391,000 or 25.6%, from $24,925,000 in 2024 to $18,534,000 in 2025[1]. - Total loan originations decreased by 2.6% to 1,467 loans in Q1 2025, with principal amounting to $512.6 million, down from $540.2 million in Q1 2024[115]. Cash and Debt Management - The company ended the first quarter of 2025 with $100.3 million in cash and cash equivalents and $24.2 million in cash held in escrow, with a homebuilding debt to capital ratio of 32.4%[101]. - The total outstanding debt as of March 31, 2025, was $1.557 billion, an increase from $1.476 billion as of December 31, 2024[153]. - The company had $237.0 million outstanding under its revolving line of credit as of March 31, 2025, up from $135.5 million as of December 31, 2024[144]. - The company had $204.3 million outstanding under mortgage repurchase facilities as of March 31, 2025, with a weighted average interest rate of 6.0%[164]. - The company had $118.1 million outstanding under construction loan agreements, with a weighted average interest rate of 6.6%[159]. - The ratio of net homebuilding debt to net capital increased to 30.1% as of March 31, 2025, compared to 27.4% as of December 31, 2024[174]. Market Conditions - Market conditions have been impacted by elevated mortgage rates and macro-economic uncertainties, leading to a slowdown in demand for homes[94]. - The company continues to focus on affordable housing options, with approximately 94% of homes delivered priced below Federal Housing Administration-insured mortgage limits[93]. Shareholder Returns - Quarterly cash dividends paid to stockholders increased by 12% to $0.29 per share from $0.26 per share in the prior year[101]. - Cash dividends declared for the three months ended March 31, 2025, were $0.29 per share, totaling $8.9 million, compared to $0.26 per share totaling $8.3 million for the same period in 2024[168]. - The company repurchased 753.3 thousand shares for approximately $55.6 million during the three months ended March 31, 2025, at a weighted average price of $73.76 per share[166]. Operational Metrics - Selling, general and administrative expenses increased by $6.7 million, or 5.8%, to $120.8 million in Q1 2025 compared to Q1 2024[123]. - Selling communities increased by 65 to 318 as of March 31, 2025, representing a 25.7% increase from 253 in the prior year[130]. - The total owned and controlled lot inventory increased by 3,925 lots, or 5.2%, from 75,089 in 2024 to 79,014 in 2025[1]. - The company maintained a lot pipeline of 79,014 lots owned and controlled as of March 31, 2025[101].
Helix Energy Solutions(HLX) - 2025 Q1 - Quarterly Results
2025-04-23 22:49
EXHIBIT 99.1 E Executive Vice President & CFO Helix Reports First Quarter 2025 Results HOUSTON, TX – Helix Energy Solutions Group, Inc. ("Helix") (NYSE: HLX) reported net income of $3.1 million, or $0.02 per diluted share, for the first quarter 2025 compared to net income of $20.1 million, or $0.13 per diluted share, for the fourth quarter 2024 and a net loss of $26.3 million, or $(0.17) per diluted share, for the first quarter 2024. Net loss in the first quarter 2024 included a net pre-tax loss of approxim ...