Exhibit 99.1 OLAPLEX Reports Second Quarter 2025 Results NEW YORK, NY – August 7, 2025 – Olaplex Holdings, Inc. (NASDAQ: OLPX) ("OLAPLEX" or the "Company") today announced financial results for the second quarter ended June 30, 2025. Six Months Ended June 30, 2025 Results | (Amounts in thousands, except per share and share data) | | | | | | | --- | --- | --- | --- | --- | --- | | | | | Six Months Ended June 30, | | | | | | 2025 | | 2024 | % Change | | Net Sales | $ | 203,262 | $ | 202,849 | 0.2% | | Gross P ...

Exhibit 99.1 Key Metrics | | As of June 30, | | | --- | --- | --- | | | 2025 | 2024 | | Consumer and Patient Metrics | | | | Value-Based Consumers served | 546,000 | 364,000 | | Enablement Services Lives | 148,000 | 113,000 | | ($ in thousands) | Three Months Ended | | | | Six Months Ended | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | June 30, | | | | June 30, | | | | | | 2025 | | 2024 | | 2025 | | | 2024 | | Financial Metrics | | | | | | | | | | Revenue | $ | 209,082 $ | | 225,991 | $ ...

Exhibit 99.1 NEUEHEALTH REPORTS SECOND QUARTER 2025 RESULTS DORAL, Fla. (August 7, 2025) (BUSINESSWIRE) – NeueHealth, Inc. ("NeueHealth" or the "Company") (NYSE: NEUE), the value-driven healthcare company, today reported financial results for its second quarter ended June 30, 2025. "We are pleased to report another strong quarter of financial results as we continue to build on the momentum we have established across our business this year," said Mike Mikan, President and CEO of NeueHealth. "We delivered our ...

[Thermon Reports First Quarter Fiscal 2026 Results](index=1&type=section&id=Thermon%20Reports%20First%20Quarter%20Fiscal%202026%20Results) Thermon reported a **5.4% revenue decrease** in Q1 FY2026, yet net income grew **1.2%**, supported by strategic initiatives and a strong bid pipeline [Q1 Fiscal 2026 Key Highlights](index=1&type=section&id=FIRST%20QUARTER%202026%20HIGHLIGHTS) Thermon reported Q1 2026 revenue of **$108.9 million**, a **5.4% decrease**, yet net income grew **1.2%** to **$8.6 million**, with a strong **1.11x book-to-bill ratio** and confirmed full-year guidance Q1 Fiscal 2026 Financial Highlights | Metric | Value | YoY Change | | :--- | :--- | :--- | | Revenue | $108.9 million | (5.4)% | | Gross Profit | $48.0 million | (4.7)% | | Gross Margin | 44.1% | +30 bps | | Net Income | $8.6 million | +1.2% | | Diluted EPS | $0.26 | +4.0% | | Adjusted EBITDA | $21.2 million | (8.6)% | | Adjusted EBITDA Margin | 19.5% | -60 bps | | New Orders | $120.7 million | (5.1)% | | Book-to-Bill Ratio | 1.11x | N/A | | Net Leverage Ratio | 1.0x | N/A | [Management Commentary](index=1&type=section&id=MANAGEMENT%20COMMENTARY) Management attributed Q1 revenue shortfall to delayed backlog conversion, but highlighted improved gross margin, a **43% increase in bid pipeline**, and disciplined capital allocation - Delayed backlog conversion due to supply chain and production issues pushed approximately **$10 million** of revenue out of Q1, but this is expected to be recognized in coming quarters[3](index=3&type=chunk) - Strategic initiatives and successful tariff mitigation efforts led to a **30 basis point increase in gross margin** compared to the prior year[3](index=3&type=chunk) - The total bid pipeline grew **43% year-over-year**, driven by strong demand in key end markets like chemical/petrochemical, power/nuclear, LNG, and renewables, supporting a confident long-term outlook[3](index=3&type=chunk) - The company executed **$9.8 million in share repurchases** in Q1, bringing the program total to **$30 million** since March 2024, while maintaining a low **net leverage ratio of 1.0x**[3](index=3&type=chunk) [Detailed Financial Analysis](index=2&type=section&id=FIRST%20QUARTER%20FISCAL%202026%20PERFORMANCE) This section provides a detailed analysis of Thermon's Q1 FY2026 financial performance, covering revenue, profitability, and liquidity [Revenue and Orders Performance](index=2&type=section&id=Revenue%20and%20Orders%20Performance) Q1 revenue declined **5.4%** to **$108.9 million** due to delayed backlog, but new orders of **$120.7 million** resulted in a **1.11x book-to-bill ratio** and **27.1% backlog growth** - Q1 revenue was **$108.9 million**, a **5.4% decrease YoY**, impacted by delayed backlog conversion of approximately **$10 million** and market uncertainty. Organic revenue declined **11.3%**[6](index=6&type=chunk) Orders and Backlog (Q1 FY2026) | Metric | Q1 FY2026 | YoY Change | | :--- | :--- | :--- | | New Orders | $120.7M | (5.1)% | | Organic Orders | N/A | (18.9)% | | Book-to-Bill Ratio | 1.11x | N/A | | Ending Backlog | $252.2M | +27.1% | | Organic Backlog | N/A | +12.6% | [Profitability Analysis](index=2&type=section&id=Profitability%20Analysis) Gross margin improved to **44.1%** due to favorable mix and cost control, despite a **4.7% decline in gross profit** and an **8.6% drop in Adjusted EBITDA** - Gross margin increased to **44.1%** from **43.8% YoY**, driven by a favorable revenue mix, cost control, and tariff mitigation measures, despite a **4.7% decline in gross profit dollars**[7](index=7&type=chunk) - Adjusted EBITDA margin decreased to **19.5%** from **20.1% YoY**, as lower revenue volumes offset the benefits from improved gross margins and disciplined cost management[9](index=9&type=chunk) - Selling, general and administrative (SG&A) expenses increased to **$32.2 million** from **$31.1 million**, primarily due to incremental expenses from the F.A.T.I. acquisition and investments in growth initiatives[8](index=8&type=chunk) [Balance Sheet, Liquidity and Cash Flow](index=2&type=section&id=Balance%20Sheet%2C%20Liquidity%20and%20Cash%20Flow) Thermon maintained a strong balance sheet with a **1.0x net leverage ratio**, **$8.3 million in free cash flow**, and continued share repurchases Balance Sheet and Cash Flow Highlights (as of June 30, 2025) | Metric | June 30, 2025 | June 30, 2024 | | :--- | :--- | :--- | | Cash | $36.5 M | $49.1 M | | Total Debt | $139.4 M | $169.1 M | | Net Debt / TTM Adj. EBITDA | 1.0x | 1.1x | | Working Capital | $172.3 M | $158.0 M | | Q1 Free Cash Flow | $8.3 M | $8.7 M | - The company repurchased **$9.8 million** of its common shares during Q1, with **$44.5 million** remaining available under its share repurchase authorization as of June 30, 2025[12](index=12&type=chunk) [Fiscal 2026 Outlook](index=3&type=section&id=FISCAL%202026%20OUTLOOK) This section outlines Thermon's financial projections and strategic expectations for the full fiscal year 2026 [Full-Year Guidance](index=3&type=section&id=Full-Year%20Guidance) Thermon reiterated its full-year Fiscal 2026 guidance, projecting revenue between **$495 million and $535 million** and Adjusted EBITDA of **$104 million to $114 million** Fiscal 2026 Full-Year Guidance | Metric | 2025 Actual | 2026 Guidance | | :--- | :--- | :--- | | Revenue | $498.2 M | $495 M to $535 M | | Adjusted EBITDA (non-GAAP) | $109.2 M | $104 M to $114 M | | EPS | $1.57 | $1.35 to $1.57 | | Adjusted EPS (non-GAAP) | $1.87 | $1.77 to $1.99 | [Appendix: Financial Statements and Reconciliations](index=4&type=section&id=Appendix) This appendix provides detailed financial statements, non-GAAP reconciliations, and important disclosures regarding forward-looking statements [Non-GAAP Financial Measures and Forward-Looking Statements](index=4&type=section&id=Non-GAAP%20Financial%20Measures%20and%20Forward-Looking%20Statements) This section defines non-GAAP financial measures and provides a safe harbor statement on forward-looking information, outlining potential risks - The report uses non-GAAP measures like Adjusted Net Income, Adjusted EPS, Adjusted EBITDA, Free Cash Flow, and Organic Sales to provide supplemental information on financial performance[18](index=18&type=chunk)[19](index=19&type=chunk) - The company is unable to reconcile projected fiscal 2026 Adjusted EBITDA and Adjusted EPS to GAAP measures without unreasonable effort due to the uncertainty of future adjustments[20](index=20&type=chunk) - The forward-looking statements section lists numerous risks and uncertainties, including economic conditions, competition, currency exchange rates, and geopolitical factors like tariffs, that could impact future performance[23](index=23&type=chunk) [Condensed Consolidated Financial Statements](index=6&type=section&id=Condensed%20Consolidated%20Financial%20Statements) This section presents unaudited condensed consolidated financial statements for Q1 FY2026, including Statements of Operations, Balance Sheets, and Cash Flows [Statements of Operations](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) Q1 FY2026 sales were **$108.9 million**, a decrease from prior year, yet net income slightly increased to **$8.58 million**, with diluted EPS at **$0.26** Q1 FY2026 Statement of Operations (in thousands) | Line Item | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Sales | $108,898 | $115,126 | | Gross profit | $48,045 | $50,432 | | Income from operations | $11,726 | $13,735 | | Net income | $8,581 | $8,511 | | Diluted EPS | $0.26 | $0.25 | [Balance Sheets](index=7&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of June 30, 2025, total assets increased to **$765.3 million**, total liabilities decreased, and total equity grew to **$509.3 million** Balance Sheet Summary (in thousands) | Account | June 30, 2025 | March 31, 2025 | | :--- | :--- | :--- | | Cash and cash equivalents | $36,530 | $39,537 | | Total current assets | $272,866 | $274,292 | | Total assets | $765,342 | $755,452 | | Total current liabilities | $112,498 | $112,663 | | Total liabilities | $256,032 | $260,137 | | Total equity | $509,310 | $495,315 | [Statements of Cash Flows](index=8&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Q1 net cash from operations was **$10.7 million**, with **$2.4 million** used in investing and **$12.6 million** in financing, including **$9.8 million** in share repurchases Q1 FY2026 Cash Flow Summary (in thousands) | Activity | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Net cash provided by operating activities | $10,742 | $12,659 | | Net cash used in investing activities | $(2,352) | $(3,904) | | Net cash used in financing activities | $(12,640) | $(8,002) | | Change in cash | $(2,701) | $210 | [Reconciliation of Non-GAAP Measures](index=9&type=section&id=Reconciliation%20of%20Non-GAAP%20Measures) This section provides detailed reconciliations of GAAP to non-GAAP financial measures, including Adjusted EBITDA, Adjusted Net Income, Free Cash Flow, and OPEX Sales [Reconciliation to Adjusted EBITDA](index=9&type=section&id=Reconciliation%20of%20Net%20income%20to%20Adjusted%20EBITDA) Q1 2026 net income of **$8.6 million** was reconciled to Adjusted EBITDA of **$21.2 million**, with key adjustments for non-operating expenses Reconciliation of Net Income to Adjusted EBITDA (in thousands) | Line Item | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Net income | $8,581 | $8,511 | | Interest, Taxes, D&A | $10,049 | $10,930 | | EBITDA (non-GAAP) | $18,630 | $19,441 | | Adjustments (Stock comp, restructuring, etc.) | $2,608 | $3,712 | | **Adjusted EBITDA (non-GAAP)** | **$21,238** | **$23,153** | [Reconciliation to Adjusted Net Income and Adjusted EPS](index=10&type=section&id=Reconciliation%20of%20Net%20income%20to%20Adjusted%20Net%20Income%20and%20Adjusted%20EPS) Q1 2026 GAAP Net Income of **$8.6 million** was adjusted to non-GAAP Adjusted Net Income of **$12.1 million**, resulting in an Adjusted EPS of **$0.36** Reconciliation to Adjusted Net Income (in thousands) | Line Item | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Net income | $8,581 | $8,511 | | Adjustments (Amortization, restructuring, etc.) | $4,615 | $6,044 | | Tax effect of adjustments | $(1,130) | $(1,449) | | **Adjusted Net Income (non-GAAP)** | **$12,066** | **$13,106** | | **Adjusted EPS (non-GAAP)** | **$0.36** | **$0.38** | [Reconciliation to Free Cash Flow](index=10&type=section&id=Reconciliation%20of%20Cash%20Provided%20by%20Operating%20Activities%20to%20Free%20Cash%20Flow) Q1 2026 Free Cash Flow was **$8.3 million**, derived from **$10.7 million** in operating cash flow less **$2.4 million** in capital expenditures Reconciliation to Free Cash Flow (in thousands) | Line Item | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Cash provided by operating activities | $10,742 | $12,659 | | Less: Cash used for purchases of PP&E | $(2,421) | $(3,923) | | **Free cash flow (non-GAAP)** | **$8,321** | **$8,736** | [Reconciliation to OPEX Sales](index=11&type=section&id=Reconciliation%20of%20Point-in-Time%20and%20Over-Time%20Sales%20to%20OPEX%20Sales) Q1 2026 non-GAAP OPEX Sales, defined as Point-in-Time plus Over Time - Small Projects, totaled **$93.3 million**, representing **85.7% of total sales** Reconciliation to OPEX Sales (in thousands) | Line Item | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Point-in-Time Sales | $78,298 | $76,766 | | Over Time - Small Projects | $14,996 | $20,737 | | **OPEX Sales (non-GAAP)** | **$93,294** | **$97,503** | | OPEX Sales % | 85.7% | 84.6% |

[Executive Summary & Key Highlights](index=1&type=section&id=Executive%20Summary%20%26%20Key%20Highlights) Granite reported strong financial results for Q2 and H1 2025, achieving record Committed and Awarded Projects and updating its full-year guidance to reflect strategic acquisitions [Second Quarter 2025 Highlights](index=1&type=section&id=Second%20Quarter%202025%20Highlights) Granite reported strong second quarter 2025 results with significant increases in net income and adjusted diluted EPS, achieving record CAP and updating guidance after strategic acquisitions - 2025 guidance raised to reflect acquisitions of Warren Paving and Papich Construction businesses[8](index=8&type=chunk) - Record Committed and Awarded Projects ("CAP") increased sequentially by **$324 million** to **$6.1 billion**[8](index=8&type=chunk) Second Quarter 2025 Key Financial Highlights | Metric | Q2 2025 | Q2 2024 | YoY Change | Source Chunk | | :-------------------------------- | :------ | :------ | :--------- | :----------- | | Net income attributable to Granite | $72M | $37M | +94.6% | 3 | | Diluted EPS | $1.42 | $0.76 | +86.8% | 3, 8 | | Adjusted net income attributable to Granite | $86M | $77M | +11.7% | 3 | | Adjusted diluted EPS | $1.93 | $1.73 | +11.6% | 3, 8 | | Revenue | $1.13B | $1.08B | +4% | 8, 9 | | Gross profit | $199M | $165M | +20.6% | 9 | | Adjusted EBITDA | $152M | $130M | +16.9% | 9 | [Six Months Ended June 30, 2025 Highlights](index=1&type=section&id=Six%20Months%20Ended%20June%2030%2C%202025%20Highlights) For the first six months of 2025, Granite demonstrated significant financial improvement, with net income attributable to Granite increasing substantially compared to the prior year, alongside healthy revenue, gross profit, and adjusted EBITDA growth Six Months Ended June 30, 2025 Key Financial Highlights | Metric | H1 2025 | H1 2024 | YoY Change | Source Chunk | | :-------------------------------- | :------ | :------ | :--------- | :----------- | | Net income attributable to Granite | $38M | $6M | +533.3% | 5 | | Diluted EPS | $0.84 | $0.13 | +546.2% | 5 | | Adjusted net income attributable to Granite | $87M | $68M | +27.9% | 5 | | Adjusted diluted EPS | $1.94 | $1.52 | +27.6% | 5 | | Revenue | $1.83B | $1.75B | +4.6% | 10 | | Gross profit | $283M | $219M | +29.2% | 10 | | Adjusted EBITDA | $180M | $144M | +25.0% | 10 | | Year-to-date operating cash flow | $5M | N/A | N/A | 10 | - Year-to-date operating cash flow of **$5 million**, positioned to achieve target of **9% operating cash flow as a percent of revenue** for the year[10](index=10&type=chunk) [Consolidated Financial Performance](index=2&type=section&id=Consolidated%20Financial%20Performance) Granite's consolidated financial performance for both Q2 and H1 2025 showed robust year-over-year growth in revenue, gross profit, and net income [Second Quarter 2025 Consolidated Results](index=1&type=section&id=Second%20Quarter%202025%20Consolidated%20Results) Granite's consolidated financial performance for the second quarter of 2025 showed robust growth across key metrics, with revenue increasing 4% year-over-year and gross profit seeing a significant increase, despite rising SG&A expenses Consolidated Statements of Operations (Three Months Ended June 30, in thousands) | Metric | 2025 | 2024 | YoY Change | Source Chunk | | :--------------------------------------- | :------------------ | :------------------ | :--------- | :----------- | | Revenue | $1,125,964 | $1,082,486 | +4.0% | 27 | | Cost of revenue | $926,865 | $917,775 | +1.0% | 27 | | Gross profit | $199,099 | $164,711 | +20.9% | 27 | | Selling, general and administrative expenses | $85,887 | $70,052 | +22.6% | 27 | | Operating income | $103,565 | $85,821 | +20.7% | 27 | | Income before income taxes | $107,559 | $59,550 | +80.6% | 27 | | Net income attributable to Granite | $71,700 | $36,895 | +94.3% | 27 | | Diluted EPS | $1.42 | $0.76 | +86.8% | 27 | - SG&A expenses increased **$16 million** to **$86 million** (**7.6% of revenue**) from **$70 million** (**6.5% of revenue**) in the prior year, primarily due to additional salaries, related expenses, and a greater percentage of annual incentive compensation[9](index=9&type=chunk) [Six Months Ended June 30, 2025 Consolidated Results](index=1&type=section&id=Six%20Months%20Ended%20June%2030%2C%202025%20Consolidated%20Results) For the first half of 2025, Granite's consolidated results demonstrated strong growth, with revenue increasing by $71 million and gross profit by $64 million year-over-year, leading to a more than doubled operating income and substantial net income growth Consolidated Statements of Operations (Six Months Ended June 30, in thousands) | Metric | 2025 | 2024 | YoY Change | Source Chunk | | :--------------------------------------- | :------------------ | :------------------ | :--------- | :----------- | | Revenue | $1,825,511 | $1,754,761 | +4.0% | 27 | | Cost of revenue | $1,542,563 | $1,535,765 | +0.4% | 27 | | Gross profit | $282,948 | $218,996 | +29.2% | 27 | | Selling, general and administrative expenses | $201,798 | $158,045 | +27.7% | 27 | | Operating income | $63,814 | $42,521 | +50.1% | 27 | | Income before income taxes | $67,476 | $20,582 | +227.8% | 27 | | Net income attributable to Granite | $38,044 | $5,912 | +543.5% | 27 | | Diluted EPS | $0.84 | $0.13 | +546.2% | 27 | - SG&A expenses increased **$44 million** to **$202 million** (**11.1% of revenue**) from **$158 million** (**9.0% of revenue**) in the prior year, primarily due to additional stock-based compensation, salaries, and a greater percentage of annual incentive compensation[10](index=10&type=chunk) [Segment Performance Review](index=2&type=section&id=Segment%20Performance%20Review) Granite's Construction and Materials segments both demonstrated strong year-over-year growth in revenue and gross profit, driven by acquisitions, improved execution, and higher volumes [Construction Segment Performance](index=2&type=section&id=Construction%20Segment%20Performance) The Construction segment experienced year-over-year revenue growth, primarily driven by the newly acquired Dickerson & Bowen business, with increased gross profit due to improved project execution and favorable claim settlements, and record CAP indicating strong future organic growth potential - Revenue increased year-over-year, primarily driven by the newly acquired Dickerson & Bowen business. Legacy business revenue was consistent and is expected to accelerate in the second half of the year[13](index=13&type=chunk) - Gross profit increased year-over-year due to improved project execution across a higher quality project portfolio and favorable claim settlements[13](index=13&type=chunk) - CAP increased **$324 million** sequentially to **$6.1 billion** and **$488 million** year-over-year, with a robust bidding pipeline in both public and private markets[14](index=14&type=chunk) Construction Segment Financials (Three & Six Months Ended June 30, in thousands) | Metric | Q2 2025 | Q2 2024 | Q2 YoY Change | H1 2025 | H1 2024 | H1 YoY Change | Source Chunk | | :------- | :--------------------- | :--------------------- | :------------ | :--------------------- | :--------------------- | :------------ | :----------- | | Revenue | $937,426 | $917,954 | +2.1% | $1,552,044 | $1,513,167 | +2.6% | 11 | | Gross profit | $153,666 | $135,372 | +13.5% | $239,104 | $192,200 | +24.4% | 11 | | Gross profit as a percent of revenue | 16.4% | 14.7% | +1.7 pp | 15.4% | 12.7% | +2.7 pp | 11 | [Materials Segment Performance](index=2&type=section&id=Materials%20Segment%20Performance) The Materials segment demonstrated strong year-over-year improvements in revenue, gross profit, and cash gross profit for both the second quarter and the first six months of 2025, primarily driven by higher aggregates and asphalt volumes and increased aggregate sales prices - Revenue, gross profit, and cash gross profit improved year-over-year primarily driven by higher aggregates and asphalt volumes and higher aggregate sales prices[16](index=16&type=chunk) Materials Segment Financials (Three & Six Months Ended June 30, in thousands) | Metric | Q2 2025 | Q2 2024 | Q2 YoY Change | H1 2025 | H1 2024 | H1 YoY Change | Source Chunk | | :-------------------------------- | :--------------------- | :--------------------- | :------------ | :--------------------- | :--------------------- | :------------ | :----------- | | Revenue | $188,538 | $164,532 | +14.6% | $273,467 | $241,594 | +13.2% | 15 | | Gross profit | $45,433 | $29,339 | +54.9% | $43,844 | $26,796 | +63.6% | 15 | | Gross profit as a percent of revenue | 24.1% | 17.8% | +6.3 pp | 16.0% | 11.1% | +4.9 pp | 15 | | Cash gross profit | $59,001 | $39,300 | +50.1% | $69,478 | $46,516 | +49.4% | 15 | | Cash gross profit as a % of revenue | 31.3% | 23.9% | +7.4 pp | 25.4% | 19.3% | +6.1 pp | 15 | [Materials Product Line Performance (Three Months Ended June 30, 2025)](index=12&type=section&id=Materials%20Product%20Line%20Performance%20%28Three%20Months%20Ended%20June%2030%2C%202025%29) In Q2 2025, the Materials segment's Aggregate product line saw increased sales tons and average selling price, contributing to higher gross profit and cash gross profit, while the Asphalt product line also experienced growth in sales tons, leading to improved gross profit and cash gross profit Materials Product Line Performance (Q2 2025 vs. Q2 2024, in thousands) | Metric | Aggregate Q2 2025 | Aggregate Q2 2024 | Asphalt Q2 2025 | Asphalt Q2 2024 | Source Chunk | | :-------------------------- | :------------------ | :------------------ | :---------------- | :---------------- | :----------- | | External revenue | $59,643 | $54,347 | $128,625 | $109,372 | 41 | | Sales tons | 6,299 | 5,658 | 2,329 | 2,163 | 41 | | Average selling price per ton | $16.76 | $16.36 | $79.85 | $79.49 | 41 | | Gross profit | $24,869 | $23,014 | $29,770 | $26,593 | 41 | | Gross profit as a % of revenue | 23.6% | 24.9% | 16.0% | 15.5% | 41 | | Cash gross profit | $34,299 | $29,574 | $33,830 | $29,270 | 41 | | Cash gross profit as a % of revenue | 32.5% | 31.9% | 18.2% | 17.0% | 41 | [Materials Product Line Performance (Six Months Ended June 30, 2025)](index=13&type=section&id=Materials%20Product%20Line%20Performance%20%28Six%20Months%20Ended%20June%2030%2C%202025%29) For the first six months of 2025, both Aggregate and Asphalt product lines within the Materials segment showed increased external revenue, sales tons, and improved gross and cash gross profits compared to the prior year, contributing to the segment's overall strong performance Materials Product Line Performance (H1 2025 vs. H1 2024, in thousands) | Metric | Aggregate H1 2025 | Aggregate H1 2024 | Asphalt H1 2025 | Asphalt H1 2024 | Source Chunk | | :-------------------------- | :------------------ | :------------------ | :---------------- | :---------------- | :----------- | | External revenue | $100,045 | $90,436 | $173,063 | $150,185 | 43 | | Sales tons | 10,067 | 8,886 | 3,062 | 2,712 | 43 | | Average selling price per ton | $16.34 | $15.86 | $80.81 | $80.88 | 43 | | Gross profit | $28,609 | $20,904 | $26,966 | $22,014 | 43 | | Gross profit as a % of revenue | 17.4% | 14.8% | 10.9% | 10.0% | 43 | | Cash gross profit | $46,359 | $34,585 | $34,696 | $27,903 | 43 | | Cash gross profit as a % of revenue | 28.2% | 24.5% | 14.0% | 12.7% | 43 | [Outlook and Strategic Initiatives](index=3&type=section&id=Outlook%20and%20Strategic%20Initiatives) Granite updated its 2025 fiscal year guidance to reflect recent strategic acquisitions, which are expected to enhance adjusted EBITDA margin and cash flows [2025 Fiscal Year Guidance Update](index=3&type=section&id=2025%20Fiscal%20Year%20Guidance%20Update) Granite has updated its 2025 fiscal year guidance to incorporate the impact of recent acquisitions, projecting increased revenue and an improved adjusted EBITDA margin, while SG&A expenses and the effective tax rate remain consistent with previous estimates Updated 2025 Fiscal Year Guidance | Metric | Guidance Range | Notes | Source Chunk | | :-------------------------- | :------------- | :------ | :----------- | | Revenue | $4.35B - $4.55B | Includes ~$150M from new acquisitions | 21 | | Adjusted EBITDA margin | 11.25% - 12.25% | Increased | 21 | | SG&A expense | ~9.0% of revenue | Unchanged, includes ~$40M stock-based compensation | 21 | | Effective tax rate for adjusted net income | Mid-20s | Unchanged | 21 | | Capital expenditures | $140M - $160M | Unchanged | 21 | [Strategic Acquisitions and Capital Allocation](index=1&type=section&id=Strategic%20Acquisitions%20and%20Capital%20Allocation) Granite's recent acquisitions of Warren Paving and Papich Construction are aligned with its capital allocation strategy to invest in high-quality businesses that strengthen and expand home markets, expected to be immediately accretive to adjusted EBITDA margin and cash flows, with the company well-positioned for future M&A opportunities - Two acquisitions announced: one in the Southeast providing significant aggregate supply on the Mississippi River, and another in California strengthening business with additional aggregates and a leading civil construction business[4](index=4&type=chunk) - Acquisitions are in alignment with capital allocation strategy to invest in high-quality businesses that strengthen and expand home markets and are immediately accretive to **adjusted EBITDA margin** and **cash flows**[18](index=18&type=chunk) - Pro-forma leverage is well within target, and an expanded credit facility positions the company to act on future M&A opportunities[18](index=18&type=chunk) [Corporate Information](index=3&type=section&id=Corporate%20Information) This section provides an overview of Granite's identity, details regarding its Q2 2025 conference call, and important disclaimers about forward-looking statements [About Granite](index=3&type=section&id=About%20Granite) Granite Construction Incorporated, established in 1922, is a leading diversified vertically-integrated civil contractor and construction materials producer in the United States, guided by its Code of Conduct and Core Values emphasizing safety, quality, and sustainability - Granite is America's Infrastructure Company™, one of the largest diversified vertically-integrated civil contractors and construction materials producers in the United States[20](index=20&type=chunk) - The company's Code of Conduct and strong Core Values guide its operations, upholding high ethical standards and leadership in safety, quality, and sustainability[20](index=20&type=chunk) [Conference Call Details](index=3&type=section&id=Conference%20Call%20Details) Granite hosted a conference call on August 7, 2025, to discuss its second quarter 2025 results, with investors able to access a live audio webcast or dial-in, and replays available for a limited period - Conference call held on **August 7, 2025**, at **8:00 a.m. Pacific Time/11:00 a.m. Eastern Time** to discuss Q2 2025 results[19](index=19&type=chunk) - Live audio webcast available on the Investor Relations website (https://investor.graniteconstruction.com) and via dial-in[19](index=19&type=chunk) - An archive of the webcast and a replay were available after the live call through **August 14, 2025**[19](index=19&type=chunk) [Forward-Looking Statements](index=4&type=section&id=Forward-Looking%20Statements) This section serves as a cautionary statement regarding forward-looking statements within the news release, highlighting that such statements are based on management's current beliefs and estimates, involve inherent risks and uncertainties, and may not be realized, advising readers not to place undue reliance on them - Statements not based on historical facts, including future events, performance, growth, and **2025 fiscal year guidance**, constitute forward-looking statements[22](index=22&type=chunk) - These statements are based on management's current beliefs, assumptions, and estimates, which may not be realized due to numerous risks and uncertainties beyond the company's control[22](index=22&type=chunk) - Readers are cautioned not to place undue reliance on forward-looking statements, and the company undertakes no obligation to revise or update them, except as required by law[23](index=23&type=chunk) [Condensed Consolidated Financial Statements](index=5&type=section&id=Condensed%20Consolidated%20Financial%20Statements) This section presents Granite's condensed consolidated balance sheets, statements of operations, and cash flows, highlighting key financial positions and performance for the periods presented [Condensed Consolidated Balance Sheets](index=5&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) The condensed consolidated balance sheets show Granite's financial position as of June 30, 2025, compared to December 31, 2024, with total assets increasing slightly due to higher receivables and long-term marketable securities, while cash and cash equivalents decreased and total liabilities rose Condensed Consolidated Balance Sheets (in thousands) | Metric | June 30, 2025 | December 31, 2024 | Change | | :-------------------------------- | :------------ | :---------------- | :----- | | **ASSETS** | | | | | Cash and cash equivalents | $322,017 | $578,330 | -$256,313 | | Total current assets | $1,691,615 | $1,716,663 | -$25,048 | | Total assets | $3,105,991 | $3,025,655 | +$80,336 | | **LIABILITIES AND EQUITY** | | | | | Total current liabilities | $1,076,151 | $1,031,959 | +$44,192 | | Total liabilities and equity | $3,105,991 | $3,025,655 | +$80,336 | | Total Granite Construction Incorporated shareholders' equity | $1,062,748 | $1,015,226 | +$47,522 | | Total equity | $1,114,355 | $1,079,363 | +$34,992 | - Receivables, net increased from **$511,742 thousand** at December 31, 2024, to **$704,988 thousand** at June 30, 2025[25](index=25&type=chunk) - Long-term marketable securities increased from **$0** at December 31, 2024, to **$98,069 thousand** at June 30, 2025[25](index=25&type=chunk) [Condensed Consolidated Statements of Operations](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) The condensed consolidated statements of operations highlight significant year-over-year improvements for both the three and six months ended June 30, 2025, with increased revenue and gross profit leading to substantial growth in operating income and net income attributable to Granite, despite higher SG&A expenses Condensed Consolidated Statements of Operations (in thousands) | Metric | Q2 2025 | Q2 2024 | H1 2025 | H1 2024 | Source Chunk | | :--------------------------------------- | :------ | :------ | :------ | :------ | :----------- | | Revenue | $1,125,964 | $1,082,486 | $1,825,511 | $1,754,761 | 27 | | Gross profit | $199,099 | $164,711 | $282,948 | $218,996 | 27 | | Selling, general and administrative expenses | $85,887 | $70,052 | $201,798 | $158,045 | 27 | | Operating income | $103,565 | $85,821 | $63,814 | $42,521 | 27 | | Income before income taxes | $107,559 | $59,550 | $67,476 | $20,582 | 27 | | Net income | $80,345 | $38,857 | $52,018 | $9,415 | 27 | | Net income attributable to Granite | $71,700 | $36,895 | $38,044 | $5,912 | 27 | | Diluted EPS | $1.42 | $0.76 | $0.84 | $0.13 | 27 | [Condensed Consolidated Statements of Cash Flows](index=8&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) For the six months ended June 30, 2025, Granite reported net cash provided by operating activities of $5.4 million, a decrease from the prior year, with significant net cash outflows from investing activities due to marketable securities and property purchases, and cash used in financing activities for debt repayments and distributions Condensed Consolidated Statements of Cash Flows (Six Months Ended June 30, in thousands) | Activity | 2025 | 2024 | Change | | :-------------------------------- | :----- | :----- | :----- | | Net cash provided by operating activities | $5,438 | $22,084 | -$16,646 | | Net cash used in investing activities | $(207,255) | $(50,122) | -$157,133 | | Net cash used in financing activities | $(54,496) | $(22,879) | -$31,617 | | Net decrease in cash and cash equivalents | $(256,313) | $(50,917) | -$205,396 | | Cash and cash equivalents at end of period | $322,017 | $366,746 | -$44,729 | - Purchases of marketable securities amounted to **$172,578 thousand** in H1 2025, compared to none in H1 2024[29](index=29&type=chunk) - Stock-based compensation increased significantly from **$15,084 thousand** in H1 2024 to **$34,632 thousand** in H1 2025[29](index=29&type=chunk) [Non-GAAP Financial Measures and Reconciliations](index=9&type=section&id=Non-GAAP%20Financial%20Measures%20and%20Reconciliations) This section defines Granite's non-GAAP financial measures and provides reconciliations to their most directly comparable GAAP measures, offering additional insights into operational performance [Non-GAAP Measures Description](index=9&type=section&id=Non-GAAP%20Measures%20Description) Granite provides several non-GAAP financial measures, including EBITDA, Adjusted EBITDA, Adjusted Net Income, and Materials segment cash gross profit, to offer additional insights into its operating performance, used by management and investors to facilitate comparisons and evaluate performance by excluding certain non-recurring or non-cash items, but not intended as substitutes for GAAP results - Non-GAAP measures like **EBITDA** and **EBITDA margin** are useful for evaluating operating performance and facilitating comparisons between companies with different capital structures and tax rates[30](index=30&type=chunk) - **Adjusted EBITDA** and **Adjusted EBITDA margin** exclude the impact of stock-based compensation, loss on debt extinguishment, and other costs (legal fees, reorganization, acquisition/integration expenses, impairment charges)[30](index=30&type=chunk) - Materials segment **cash gross profit** excludes depreciation, depletion, and amortization to better illustrate operational performance from segment assets[31](index=31&type=chunk) - Non-GAAP measures are provided in addition to, not as alternatives for, GAAP results and may not be comparable to similar measures used by other companies[32](index=32&type=chunk) [EBITDA and Adjusted EBITDA Reconciliation](index=10&type=section&id=EBITDA%20and%20Adjusted%20EBITDA%20Reconciliation) The reconciliation of GAAP net income to EBITDA and Adjusted EBITDA demonstrates the impact of non-operating and non-cash items on the company's profitability, with both EBITDA and Adjusted EBITDA showing significant year-over-year increases for the three and six months ended June 30, 2025, reflecting improved operational performance after adjustments EBITDA and Adjusted EBITDA (in thousands) | Metric | Q2 2025 | Q2 2024 | H1 2025 | H1 2024 | Source Chunk | | :-------------------------- | :------ | :------ | :------ | :------ | :----------- | | Net income attributable to Granite | $71,700 | $36,895 | $38,044 | $5,912 | 35 | | EBITDA | $136,758 | $89,628 | $123,187 | $79,773 | 35 | | EBITDA margin | 12.1% | 8.3% | 6.7% | 4.5% | 35 | | Adjusted EBITDA | $152,426 | $129,866 | $180,498 | $143,916 | 35 | | Adjusted EBITDA margin | 13.5% | 12.0% | 9.9% | 8.2% | 35 | - Adjustments for Adjusted EBITDA include other costs, net (**$13.3M** in Q2 2025), stock-based compensation (**$2.4M** in Q2 2025), and loss on debt extinguishment (none in Q2 2025, **$27.8M** in Q2 2024)[35](index=35&type=chunk) [Adjusted Net Income Reconciliation](index=11&type=section&id=Adjusted%20Net%20Income%20Reconciliation) The adjusted net income reconciliation provides a clearer view of Granite's underlying profitability by removing the impact of specific non-GAAP adjustments such as other costs, transaction costs, stock-based compensation, and loss on debt extinguishment, resulting in higher adjusted net income and adjusted diluted EPS compared to GAAP figures for both periods Adjusted Net Income Reconciliation (in thousands, except per share data) | Metric | Q2 2025 | Q2 2024 | H1 2025 | H1 2024 | Source Chunk | | :--------------------------------------- | :------ | :------ | :------ | :------ | :----------- | | Income before income taxes | $107,559 | $59,550 | $67,476 | $20,582 | 38 | | Adjusted income before income taxes | $127,219 | $104,101 | $132,766 | $94,665 | 38 | | Net income attributable to Granite | $71,700 | $36,895 | $38,044 | $5,912 | 38 | | Adjusted net income attributable to Granite | $86,298 | $76,977 | $86,522 | $67,848 | 38 | | Diluted net income per share attributable to common shareholders | $1.42 | $0.76 | $0.84 | $0.13 | 38 | | Adjusted diluted earnings per share attributable to common shareholders | $1.93 | $1.73 | $1.94 | $1.52 | 38 | - Adjusting items include other costs, net, transaction costs, stock-based compensation, and loss on debt extinguishment, which are added back to GAAP income before income taxes[38](index=38&type=chunk) - The dilutive effect of convertible notes is removed for **adjusted diluted EPS** calculation to reflect the impact of capped call transactions[39](index=39&type=chunk)

Exhibit 99.1 Jumia Reports Second Quarter 2025 Results Jumia Accelerates Path to Profitability With 25% Revenue Growth and Reduced Cash Burn; Raises Full-Year 2025 Guidance Lagos, August 7, 2025 – Jumia Technologies AG (NYSE: JMIA) ("Jumia" or the "Company") announced today its financial results for the second quarter ended June 30, 2025. Financial highlights for the second quarter 2025 Business highlights for the second quarter 2025 Unless otherwise stated, all reported KPIs are for physical goods and excl ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ 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: 001-41009 Arhaus, Inc. (Exact name of registrant as specified in its charter) Delaware 87-1729256 (State or other ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ 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: 001-40671 NUVALENT, INC. (Exact name of registrant as specified in its charter) Delawa ...

[Q2 2025 Financial Performance Overview](index=1&type=section&id=Q2%202025%20Financial%20Performance%20Overview) Somnigroup's Q2 2025 saw significant net sales growth driven by the Mattress Firm acquisition, despite a decline in GAAP net income and diluted EPS [Second Quarter 2025 Financial Summary](index=1&type=section&id=Second%20Quarter%202025%20Financial%20Summary) In Q2 2025, Somnigroup reported a significant 52.5% increase in net sales to $1,880.8 million, primarily driven by the inclusion of Mattress Firm sales, while GAAP net income decreased by 6.7% to $99.0 million and diluted EPS fell 21.7% to $0.47 Q2 2025 Financial Highlights vs. Q2 2024 | (in millions, except per share amounts) | June 30, 2025 | June 30, 2024 | % Reported Change | | :--- | :--- | :--- | :--- | | **Net sales** | $1,880.8 | $1,233.6 | 52.5% | | **Net income** | $99.0 | $106.1 | (6.7)% | | **Adjusted net income** | $113.1 | $111.7 | 1.3% | | **EPS** | $0.47 | $0.60 | (21.7)% | | **Adjusted EPS** | $0.53 | $0.63 | (15.9)% | - The **52.5% increase** in total net sales was primarily driven by the inclusion of **$948.8 million** from Mattress Firm sales, offset by the accounting elimination of **$263.5 million** in intercompany sales[7](index=7&type=chunk) - Gross margin improved to **44.0%** from 42.0% in Q2 2024, with adjusted gross margin also increasing to **44.2%**[7](index=7&type=chunk) [Key Highlights & Management Commentary](index=1&type=section&id=Key%20Highlights%20%26%20Management%20Commentary) Management attributes strong quarterly performance to the successful Mattress Firm combination, new Sealy line launch, and robust international sales growth, with direct sales now comprising 66% of net sales - The successful combination with Mattress Firm is a key driver of market outperformance, with synergy realization ahead of plan[5](index=5&type=chunk) - Other growth drivers include the North American launch of the new Sealy product line and continued strong sales growth in the international business[5](index=5&type=chunk) - Direct sales as a percentage of total net sales increased significantly to **66%** from 23% in the prior year, reflecting the structural shift from the Mattress Firm acquisition[1](index=1&type=chunk) [Business Segment Performance](index=2&type=section&id=Business%20Segment%20Performance) Analysis of segment performance reveals the significant impact of the Mattress Firm acquisition on sales channels and profitability, alongside strong international growth [Mattress Firm](index=2&type=section&id=Mattress%20Firm) The newly acquired Mattress Firm segment contributed $948.8 million in net sales for Q2 2025, all through the direct sales channel, recording a gross margin of 35.6% and an operating margin of 6.7% Mattress Firm Q2 2025 Performance | Metric | Value | | :--- | :--- | | **Net Sales** | $948.8 million | | **Gross Margin** | 35.6% | | **Adjusted Gross Margin** | 35.7% | | **Operating Margin** | 6.7% | | **Adjusted Operating Margin** | 7.8% | [Tempur Sealy North America](index=2&type=section&id=Tempur%20Sealy%20North%20America) Tempur Sealy North America's net sales decreased by $340.0 million to $638.4 million, primarily due to the accounting elimination of $263.5 million in intercompany sales to Mattress Firm, yet adjusted gross and operating margins significantly improved - Net sales decreased to **$638.4 million**, primarily impacted by the accounting elimination of **$263.5 million** in sales to Mattress Firm[9](index=9&type=chunk) - Wholesale channel sales decreased by **$320.8 million**, driven by the intercompany elimination and a **6.7%** decrease from a customer's acquisition that foreclosed distribution[9](index=9&type=chunk) - Adjusted gross margin improved by **1480 basis points** to **55.0%**, and adjusted operating margin improved by **430 basis points** to **22.7%**, mainly due to the elimination of lower-margin sales to Mattress Firm and operational efficiencies[10](index=10&type=chunk) [Tempur Sealy International](index=2&type=section&id=Tempur%20Sealy%20International) The Tempur Sealy International segment delivered robust performance with net sales increasing **15.0%** to **$293.6 million**, driven by successful new product launches and operating expense leverage International Net Sales Growth (Q2 2025) | Metric | Growth Rate | | :--- | :--- | | **Reported Net Sales** | +15.0% | | **Constant Currency Net Sales** | +10.0% | | **Wholesale Channel Sales** | +13.6% | | **Direct Channel Sales** | +15.9% | - Operating margin improved by **110 basis points** to **13.6%**, primarily driven by operating expense leverage[11](index=11&type=chunk) [Corporate Expenses](index=2&type=section&id=Corporate%20Expenses) Corporate operating expenses increased to $53.2 million from $38.9 million in the prior year, mainly due to business combination charges related to the Mattress Firm acquisition - Corporate operating expenses rose to **$53.2 million**, primarily driven by charges related to the Mattress Firm acquisition[11](index=11&type=chunk) [Financial Position and Outlook](index=2&type=section&id=Financial%20Position%20and%20Outlook) The company's financial position reflects the impact of the Mattress Firm acquisition on debt and assets, while management provides an optimistic outlook with raised full-year adjusted EPS guidance [Consolidated Financial Position](index=2&type=section&id=Consolidated%20Financial%20Position) The company's consolidated net income for Q2 2025 decreased by 6.7% to $99.0 million, with total debt reaching $5.0 billion and a leverage ratio of 3.56 times adjusted EBITDA as of June 30, 2025 - The decrease in EPS was primarily driven by launch costs for the new Sealy® product line and a customer's acquisition which foreclosed distribution, offset by accretion from the Mattress Firm acquisition[12](index=12&type=chunk) Debt and Leverage as of June 30, 2025 | Metric | Value | | :--- | :--- | | **Total Debt** | $5.0 billion | | **Consolidated Indebtedness less Netted Cash** | $4.9 billion | | **Leverage Ratio (to adjusted EBITDA)** | 3.56 times | [Full Year 2025 Financial Guidance](index=3&type=section&id=Full%20Year%202025%20Financial%20Guidance) Somnigroup has raised its financial guidance for the full year 2025, now expecting adjusted EPS to be in the range of $2.40 to $2.70, incorporating approximately 11 months of Mattress Firm operations and recent divestitures - The company raised its full-year 2025 adjusted EPS guidance to a new range of **$2.40 to $2.70**[13](index=13&type=chunk) - The guidance accounts for about **11 months** of Mattress Firm operations and the divestiture of Sleep Outfitters and **73** Mattress Firm stores[13](index=13&type=chunk) [Capital Allocation](index=3&type=section&id=Capital%20Allocation) The Board of Directors declared a quarterly cash dividend of $0.15 per share, demonstrating a continued commitment to returning capital to shareholders - A quarterly cash dividend of **$0.15 per share** was declared, payable on September 5, 2025, to shareholders of record on August 21, 2025[14](index=14&type=chunk) [Consolidated Financial Statements](index=5&type=section&id=Consolidated%20Financial%20Statements) A detailed review of the consolidated financial statements reveals the significant impact of the Mattress Firm acquisition on the income statement, balance sheet, and cash flows [Condensed Consolidated Statements of Income](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Income) For the three months ended June 30, 2025, net sales grew 52.5% to $1,880.8 million, while operating income increased 3.8% to $179.9 million, though higher interest expense contributed to a 6.7% decline in net income Income Statement Summary (Three Months Ended June 30) | (in millions) | 2025 | 2024 | % Change | | :--- | :--- | :--- | :--- | | **Net sales** | $1,880.8 | $1,233.6 | 52.5% | | **Gross profit** | $827.2 | $517.6 | 59.8% | | **Operating income** | $179.9 | $173.3 | 3.8% | | **Net income** | $99.0 | $106.1 | (6.7)% | [Condensed Consolidated Balance Sheets](index=6&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of June 30, 2025, total assets significantly increased to $11.38 billion from $5.98 billion at year-end 2024, primarily due to the Mattress Firm acquisition, leading to substantial increases in goodwill, intangible assets, and operating lease right-of-use assets, alongside a rise in total liabilities to $8.53 billion Balance Sheet Highlights (as of June 30, 2025) | (in millions) | June 30, 2025 | Dec 31, 2024 | | :--- | :--- | :--- | | **Total Assets** | $11,376.2 | $5,980.4 | | **Goodwill** | $4,585.2 | $1,066.7 | | **Total Liabilities** | $8,526.2 | $5,412.1 | | **Long-term debt, net** | $4,803.3 | $3,740.4 | | **Total Stockholders' Equity** | $2,841.1 | $559.0 | [Condensed Consolidated Statements of Cash Flows](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) For the six months ended June 30, 2025, net cash provided by operating activities was $292.5 million, while net cash used in investing activities was substantial at $2.88 billion, dominated by $2.82 billion for acquisitions, funded by $940.2 million from financing activities Cash Flow Summary (Six Months Ended June 30) | (in millions) | 2025 | 2024 | | :--- | :--- | :--- | | **Net cash provided by operating activities** | $292.5 | $280.8 | | **Net cash used in investing activities** | $(2,878.1) | $(59.7) | | **Net cash provided by (used in) financing activities** | $940.2 | $(195.0) | [Supplementary Financial Information](index=8&type=section&id=Supplementary%20Financial%20Information) This section provides additional financial details, including a summary of channel sales and reconciliations of non-GAAP financial measures to provide a clearer view of underlying business performance [Summary of Channel Sales](index=8&type=section&id=Summary%20of%20Channel%20Sales) The acquisition of Mattress Firm fundamentally shifted the company's sales mix, with direct channel sales surging to $1,238.1 million and representing 66% of consolidated sales in Q2 2025, while wholesale sales decreased due to reclassification Consolidated Net Sales by Channel (Q2 2025 vs Q2 2024) | (in millions) | 2025 | 2024 | | :--- | :--- | :--- | | **Wholesale** | $642.7 | $950.5 | | **Direct** | $1,238.1 | $283.1 | | **Total** | $1,880.8 | $1,233.6 | [Reconciliation of Non-GAAP Financial Measures](index=9&type=section&id=Reconciliation%20of%20Non-GAAP%20Financial%20Measures) This section provides detailed reconciliations of GAAP measures to non-GAAP measures such as adjusted net income, adjusted EPS, adjusted EBITDA, and adjusted operating income, excluding items like business combination charges and transaction costs [Adjusted Net Income and Adjusted EPS](index=10&type=section&id=Adjusted%20Net%20Income%20and%20Adjusted%20EPS) For Q2 2025, reported net income of $99.0 million was adjusted for items including $17.6 million in business combination charges and a $13.9 million loss on business disposal, resulting in an adjusted net income of $113.1 million and an adjusted EPS of $0.53 Reconciliation of Net Income to Adjusted Net Income (Q2 2025) | (in millions) | Amount | | :--- | :--- | | **Net income** | $99.0 | | Business combination charges | $17.6 | | Loss on disposal of business | $13.9 | | Disposition-related costs | $9.2 | | Transaction costs | $4.9 | | Supply chain transition costs | $1.3 | | Adjusted income tax provision | $(32.8) | | **Adjusted net income** | $113.1 | [Adjusted Gross Profit and Operating Income](index=11&type=section&id=Adjusted%20Gross%20Profit%20and%20Operating%20Income) In Q2 2025, consolidated operating income of $179.9 million was adjusted by $44.5 million for items like business combination charges and loss on business disposal, resulting in an adjusted operating income of $224.4 million, or an 11.9% margin - Consolidated adjusted operating income for Q2 2025 was **$224.4 million**, representing a margin of **11.9%**, compared to reported operating income of **$179.9 million** (**9.6%** margin)[43](index=43&type=chunk) [EBITDA, Adjusted EBITDA, and Leverage](index=13&type=section&id=EBITDA%2C%20Adjusted%20EBITDA%2C%20and%20Leverage) For the trailing twelve months ended June 30, 2025, the company calculated an Adjusted EBITDA per its credit facility of $1,362.4 million, resulting in a leverage ratio of 3.56 times, which is below the credit agreement's covenant of less than 5.00 times Leverage Ratio Calculation (TTM ended June 30, 2025) | (in millions, except ratio) | Amount | | :--- | :--- | | **Adjusted EBITDA per credit facility** | $1,362.4 | | **Consolidated indebtedness less netted cash** | $4,853.5 | | **Leverage Ratio** | 3.56 times | - The company's leverage ratio of **3.56x** is in compliance with its 2023 Credit Agreement covenant, which requires the ratio to be below **5.00x**[50](index=50&type=chunk)

Immunic, Inc. Reports Second Quarter 2025 Financial Results and Provides Corporate Update – Vidofludimus Calcium Substantially Reduced 24-Week Confirmed Disability Worsening in Phase 2 CALLIPER Trial in Overall Progressive Multiple Sclerosis Study Population and Across Subtypes, Reinforcing the Drug's Neuroprotective Potential and Ability to Slow Disease Progression – – Completed Enrollment for Both Phase 3 ENSURE Trials of Vidofludimus Calcium in Relapsing Multiple Sclerosis; Top-Line Data Expected by End ...