Financial Performance - Record total revenues of $250.3 million for Q3 2025, up from $240.0 million in Q3 2024, representing a 1.3% increase[5] - Record net income of $34.5 million for Q3 2025, compared to $19.3 million for Q3 2024, reflecting an increase of 79.3%[5] - Record Adjusted EBITDA of $160.3 million for Q3 2025, compared to $145.7 million for Q3 2024, marking a 10.0% increase[5] - Record Distributable Cash Flow of $103.8 million for Q3 2025, up from $86.6 million in Q3 2024, a 19.8% increase[5] - Total revenues for the three months ended September 30, 2025, were $250,256,000, a 4.3% increase from $239,968,000 in the same period of 2024[36] - Operating income for the same period was $83,937,000, compared to $75,676,000 in September 2024, reflecting a 10.0% year-over-year growth[36] - Net income attributable to common unitholders for the three months ended September 30, 2025, was $32,538,000, up 117.5% from $14,939,000 in the prior year[36] - Adjusted EBITDA for the three months ended September 30, 2025, was $160,265,000, an increase from $145,690,000 in the same period of 2024[45] - Net cash provided by operating activities for the three months ended September 30, 2025, was $75,879,000, compared to $48,481,000 in September 2024, representing a 56.7% increase[40] - Net income for Q3 2025 was $34.488 million, up 21% from $28.559 million in Q2 2025 and 79% from $19.327 million in Q3 2024[47] - Distributable Cash Flow increased to $103.845 million in Q3 2025, compared to $89.926 million in Q2 2025 and $86.606 million in Q3 2024, reflecting a growth of 15% quarter-over-quarter and 20% year-over-year[47] Capital Expenditures - Expansion capital expenditures were $37.3 million, while maintenance capital expenditures were $9.0 million for Q3 2025[3] - Maintenance capital expenditures for Q3 2025 were $8.990 million, a decrease from $11.733 million in Q2 2025 and an increase from $9.123 million in Q3 2024[47] Cash Distribution - The Partnership announced a cash distribution of $0.525 per common unit for Q3 2025, consistent with Q3 2024[5] - The company declared distributions of $0.525 per common unit for the respective periods, consistent across the last three quarters[36] Debt and Assets - As of September 30, 2025, the Partnership had outstanding borrowings of $54.7 million under its $1.75 billion revolving credit facility[13] - Total assets as of September 30, 2025, were $2,659,214,000, while long-term debt stood at $2,529,382,000[38] - The company reported a total partners' deficit of $150,214,000 as of September 30, 2025[38] Guidance and Expectations - Full-year 2025 Adjusted EBITDA guidance tightened to a range of $610 million to $620 million[18] - The partnership expects to generate significant Adjusted EBITDA and Distributable Cash Flow in the fiscal year 2025, although specific projections could not be reconciled to net income due to estimation uncertainties[30] Risks - The partnership faces risks including changes in economic conditions, competitive pressures, and potential impacts from geopolitical events[32] Other Financial Metrics - Average revenue per revenue-generating horsepower per month was $21.46 for Q3 2025, compared to $20.60 for Q3 2024, a 4.2% increase[5] - Average horsepower utilization was 94.0% for Q3 2025, slightly down from 94.6% in Q3 2024[5] - The Distributable Cash Flow Coverage Ratio improved to 1.61x in Q3 2025, up from 1.40x in Q2 2025 and 1.41x in Q3 2024[47] Non-Operating Items - Severance charges and other employee costs rose to $2.463 million in Q3 2025, compared to $472,000 in Q2 2025 and $223,000 in Q3 2024[47] - Non-cash interest expense was $2.133 million in Q3 2025, slightly down from $2.231 million in Q2 2025 and $2.251 million in Q3 2024[47] - The company recorded a loss on disposition of assets amounting to $830,000 in Q3 2025, compared to a gain of $39,000 in Q2 2025 and a loss of $123,000 in Q3 2024[47] - The company incurred an impairment of assets totaling $622,000 in Q3 2025, a significant decrease from $3.242 million in Q2 2025[47] - Changes in operating assets and liabilities resulted in a cash outflow of $34.567 million in Q3 2025, contrasting with an inflow of $21.107 million in Q2 2025 and an outflow of $51.428 million in Q3 2024[47]

Sales Performance - Q4 sales increased 3% to $6.4 billion, with organic sales up 4%[3] - Full year sales rose 3% to $23.6 billion, and organic sales increased 6%[3] - EMEA segment sales grew 13% to $1.3 billion, with organic sales up 9%[9] - APAC segment sales declined 3% to $780 million, with organic sales also down 3% due to lower volumes in China[11] - For the three months ended September 30, 2025, net sales reached $6,442 million, a 3.1% increase from $6,248 million in the same period of 2024[28] - The company achieved a total net sales of $23,596 million for the twelve months ended September 30, 2025, representing a 3% growth[44] - Net sales for Q3 2024 reached $6,248 million, a 3% increase compared to the previous year, driven by organic growth of $225 million[44] Earnings and Profitability - Q4 GAAP EPS was $0.42, while adjusted EPS was $1.26; full year GAAP EPS was $2.63, and adjusted EPS was $3.76[6] - Gross profit for the twelve months ended September 30, 2025, was $8,592 million, up from $8,077 million in 2024, reflecting a year-over-year increase of 6.4%[28] - Net income attributable to Johnson Controls for the three months ended September 30, 2025, was $1,693 million, compared to $633 million in the same period of 2024, representing a significant increase of 167.5%[28] - The company reported a total of $1,724 million in net income for the twelve months ended September 30, compared to $1,411 million for the previous year, indicating a year-over-year increase of 22%[32] - The net income attributable to Johnson Controls for the twelve months ended September 30, 2025, was $1,721 million, an increase from $1,407 million in 2024, representing a growth of 22.3%[52] - Diluted earnings per share from continuing operations for Q3 2025 was $1.26, compared to $1.11 in Q3 2024, marking an increase of 13.5%[51] Cash Flow and Liquidity - Total cash provided by operating activities was $968 million, with free cash flow of $838 million[14] - Cash provided by operating activities from continuing operations was $968 million for the three months ended September 30, down from $1,352 million year-over-year[32] - Free cash flow for Q3 2025 was reported at $838 million, reflecting a conversion rate of 314% from net income[46] - Operating cash flow conversion for Q3 2025 was 363%, significantly higher than the 252% reported in Q3 2024[46] - Adjusted free cash flow for the twelve months ended September 30, 2025, was $2,501 million, with a conversion rate of 102%[46] - The company experienced a cash decrease of $358 million in cash, cash equivalents, and restricted cash during the quarter[32] - The company reported a significant cash inflow of $6,598 million from discontinued operations, primarily from the sale of its Residential and Light Commercial HVAC business[34] Debt and Equity - Long-term debt increased to $8,591 million as of September 30, 2025, from $8,004 million in 2024, reflecting a rise of 7.3%[30] - Total debt decreased to $9,880 million as of September 30, 2025, from $10,293 million on June 30, 2025, representing a reduction of approximately 4%[53] - Net debt as of September 30, 2025, was $9,501 million, slightly down from $9,562 million on June 30, 2025[53] - Total equity attributable to Johnson Controls decreased to $12,927 million as of September 30, 2025, from $16,098 million in 2024, a decline of 19.5%[30] Restructuring and Impairment - The company reported restructuring and impairment costs of $400 million for the three months ended September 30, 2025, compared to $133 million in the same period of 2024, an increase of 200%[28] - Non-cash restructuring and impairment charges amounted to $371 million for the three months ended September 30, compared to $78 million in the same period last year[32] - The restructuring and impairment costs for the three months ended September 30, 2025, amounted to $400 million, compared to $133 million in the same period of 2024, highlighting significant restructuring efforts[48] Segment Performance - Orders in Q4 increased 6% organically year-over-year, with a systems and services backlog of $14.9 billion[6] - For the three months ended September 30, 2025, the Americas segment EBITA was $844 million, up from $826 million in the same period of 2024, while the EMEA segment EBITA increased to $201 million from $164 million[48] - The total sales for the Americas segment reached $4,325 million in Q3 2025, compared to $4,265 million in Q3 2024, reflecting a growth of approximately 1.4%[49] - Adjusted segment EBITA for the Americas was $862 million, with an adjusted EBITA margin of 19.9% for Q3 2025, compared to 19.4% in Q3 2024[49] - The EMEA segment EBITA margin for Q3 2025 was 15.0%, up from 13.9% in Q3 2024, indicating improved operational efficiency[49] Guidance and Future Outlook - Fiscal 2026 guidance includes organic sales growth of mid-single digits and adjusted EPS of approximately $4.55[19] - The company reported a net debt to adjusted EBITDA ratio, indicating reliance on external debt financing, which is a measure of risk to shareholders[43] - Effective tax rate for continuing operations was approximately 12% for the twelve months ended September 30, 2025, compared to 11% for the same period in 2024[54] - Income from continuing operations was $1,724 million for the twelve months ended September 30, 2025, down from $1,992 million in the previous quarter[53]

Financial Performance - Revenue for Q3 2025 was $185.5 million, down 4% year-over-year, primarily due to reduced flight revenue from discontinued members[6] - Net loss for the quarter was $83.7 million, or $(0.12) per share, compared to a net loss of $57.7 million in the prior year[12] - Revenue for Q3 2025 was $185,486,000, a decrease of 4% from $193,903,000 in Q3 2024[23] - For the nine months ended September 30, 2025, revenue was $552,653,000, down 6% from $587,289,000 in the same period of 2024[25] - Net loss attributable to Wheels Up Experience Inc. for Q3 2025 was $83,730,000, representing a 45% increase from a net loss of $57,731,000 in Q3 2024[23] - The company reported a net loss of $265,342,000 for the nine months ended September 30, 2025, compared to a net loss of $252,097,000 for the same period in 2024, a 5% increase[25] - Adjusted Contribution for Q3 2025 was $23,500 thousand, down from $28,758 thousand in Q3 2024, reflecting a decline of 18%[56] - Membership revenue decreased by 52% in Q3 2025 to $6,313 thousand compared to $13,231 thousand in Q3 2024[56] - Total revenue for the nine months ended September 30, 2025 was $552,653 thousand, a decline of 6% from $587,289 thousand in the same period of 2024[56] Operational Metrics - The company achieved a Completion Rate of 99% and On-Time Performance of 89%, reflecting operational improvements despite ongoing fleet modernization[7] - Total Gross Bookings increased to $266.6 million, up 5% year-over-year, driven by a 14% growth in on-demand charter offerings[6] - Total costs and expenses increased to $246,823,000 in Q3 2025, up 5% from $235,764,000 in Q3 2024[23] - Cash flows from operating activities resulted in a net cash used of $147,926 for the nine months ended September 30, 2025, compared to $115,814 for the same period in 2024, indicating a 27.7% increase in cash outflow[29] - The company’s utility metric measures the efficiency of operations, calculated as total revenue-generating flight hours divided by the average number of available aircraft[35] Cost Management and Savings - The company expects to achieve $70 million or more in annual run-rate cost savings by Q1 2026, an increase from the original $50 million goal[6] - Adjusted Contribution Margin decreased to 12.7%, down from 14.8% in the prior year, impacted by transitory inefficiencies from fleet migration[6] - Interest expense for Q3 2025 was $23,510,000, a 47% increase from $16,041,000 in Q3 2024[23] - Fleet modernization expenses for Q3 2025 amounted to $8,681 thousand, with total expenses for the nine months reaching $19,463 thousand[57] - Integration and transformation expenses in Q3 2025 were $2,523 thousand, compared to no expenses in Q3 2024[57] Capital and Investments - Wheels Up raised approximately $50 million in equity capital during the quarter to support fleet modernization and general corporate purposes[8] - The company sold three non-core services businesses for $21.5 million, further streamlining operations and focusing on fleet modernization[11] - Cash provided by investing activities was $43,384 for the nine months ended September 30, 2025, compared to $26,058 for the same period in 2024, indicating a 66.7% increase[29] - The company reported a significant impairment charge of $20.2 million related to right-of-use assets for the nine months ended September 30, 2025[47] Membership and Sales - Signature Membership sales represented nearly 20% of total block sales for September and October, indicating strong initial demand[7] - Corporate Membership Fund sales reached a record $62 million, up more than 15% year-over-year, with corporate membership being the fastest-growing segment[7] Asset and Liability Management - Cash and cash equivalents decreased to $125,327,000 as of September 30, 2025, down from $216,426,000 at the end of 2024[27] - Total assets decreased to $973,003,000 as of September 30, 2025, from $1,158,011,000 at the end of 2024[27] - Total liabilities remained relatively stable at $1,347,548,000 as of September 30, 2025, compared to $1,354,239,000 at the end of 2024[27] - The company’s accumulated deficit increased to $2,368,237,000 as of September 30, 2025, from $2,102,895,000 at the end of 2024[27]

Financial Performance - For the three months ended September 30, 2025, net revenues increased to $1,626 million, up from $1,535 million in the same period of 2024, representing a growth of 5.9%[32] - Gross commission income for the nine months ended September 30, 2025, was $3,680 million, compared to $3,525 million in 2024, reflecting an increase of 4.4%[32] - The company reported a net loss of $13 million for the three months ended September 30, 2025, compared to a net income of $7 million in the same period of 2024[34] - For the nine months ended September 30, 2025, Anywhere Real Estate Inc. reported a net loss of $63 million, compared to a net loss of $64 million for the same period in 2024[37] - Total consolidated net revenues for Q3 2025 reached $1,626 million, a 5.9% increase from $1,535 million in Q3 2024[134] - For the nine months ended September 30, 2025, total consolidated net revenues were $4,512 million, a 4.2% increase from $4,330 million in the same period of 2024[139] Expenses and Losses - Total expenses for the nine months ended September 30, 2025, were $4,598 million, an increase from $4,417 million in 2024, marking a rise of 4.1%[32] - The company incurred restructuring and merger-related costs of $14 million for the three months ended September 30, 2025, compared to $6 million in the same period of 2024[32] - Total expenses rose by $111 million or 7% in Q3 2025, primarily due to $14 million in restructuring and merger-related costs compared to $6 million in Q3 2024[177] - The company incurred $5 million in merger-related costs associated with the pending merger with Compass, primarily for legal and advisory services[138] Cash Flow and Liquidity - Cash and cash equivalents as of September 30, 2025, were $139 million, up from $118 million at the end of 2024, indicating a growth of 17.8%[36] - The net cash used in operating activities was $(15) million for the nine months ended September 30, 2025, a decrease from $37 million provided in the same period of 2024[37] - Cash provided by operating activities was $(15) million for the nine months ended September 30, 2025, compared to $37 million in 2024[206] - Cash and cash equivalents increased by $21 million, primarily due to debt transactions[208] Assets and Liabilities - Total assets increased to $5,743 million as of September 30, 2025, compared to $5,636 million as of December 31, 2024, representing a growth of 1.9%[36] - The company’s accumulated deficit increased to $3,283 million as of September 30, 2025, from $3,219 million at the end of 2024[36] - The company’s long-term debt as of September 30, 2025, was $2,125 million, a slight decrease from $2,031 million at the end of 2024[36] - Total short-term and long-term debt as of September 30, 2025, is $2,576 million, up from $2,521 million as of December 31, 2024[79] Shareholder Information - Weighted average common shares outstanding for the three months ended September 30, 2025, were 112.0 million, compared to 111.3 million in the same period of 2024[32] - The company has a share repurchase program authorized for up to $300 million, with $203 million remaining available for repurchase as of September 30, 2025[123] - The company has not repurchased any shares under the share repurchase programs since 2022[123] Mergers and Acquisitions - Anywhere Real Estate Inc. entered into a Merger Agreement with Compass on September 22, 2025, where each share of the Company's common stock will convert into 1.436 shares of Compass class A common stock[43] - The Merger Agreement includes a termination fee of $200 million payable by either party under certain conditions, and a fee of $350 million if regulatory clearances are not obtained[45] Legal Matters - The company is involved in various legal proceedings, including antitrust litigation, which may have significant financial implications[99] - The Anywhere Settlement, related to antitrust claims, received final court approval on May 9, 2024, but has been appealed by several parties[103] - The settlement mandates practice changes for Company-owned brokerages and recommends similar changes for franchisees, to be implemented within six months after final court approval[108] Operational Performance - The Franchise Group generated net revenues of $1,340 million in Q3 2025, a 6.5% increase from $1,258 million in Q3 2024[134] - The Owned Brokerage segment reported net revenues of $495 million for the nine months ended September 30, 2025, up from $490 million in the same period of 2024[139] - Operating EBITDA for the Franchise Group increased by $15 million to $415 million, with an operating EBITDA margin of 56%[195] Market Conditions - The U.S. Federal Reserve lowered the target federal funds rate to a range of 3.75% to 4.00% in September and October 2025[157] - As of September 25, 2025, the U.S. weekly average rate for a 30-year conventional fixed-rate mortgage was 6.30%[158]

Exhibit 99.1 FOR IMMEDIATE RELEASE Green Plains Reports Third Quarter 2025 Financial Results Results for the Third Quarter of 2025 and Future Outlook: OMAHA, Neb., Nov 5, 2025 (BUSINESS WIRE) - Green Plains Inc. (NASDAQ:GPRE) ("Green Plains" or the "company") today announced financial results for the third quarter of 2025. Net income attributable to the company was $11.9 million, or $0.17 per diluted share, compared to net income attributable to the company of $48.2 million, or $0.69 per diluted share, for ...

Financial Performance - Net sales for Q4 2025 were $4,855 million, representing a 5% increase from Q4 2024's $4,619 million[1] - Full year net sales increased by 3% to $18,016 million in 2025, up from $17,492 million in 2024[1] - GAAP earnings per share for Q4 2025 rose by 15% to $1.12, compared to $0.97 in Q4 2024[1] - Adjusted earnings per share for the full year 2025 were $6.00, a 9% increase from $5.49 in 2024[1] - Net earnings for the year ended September 30, 2024, were $1,955 million, projected to increase to $2,246 million in 2025[18] - The year ended September 30, 2025, saw GAAP earnings of $2,285 million, with diluted earnings per share at $4.03[41] - Adjusted (non-GAAP) earnings for the year were $3,404 million, leading to adjusted diluted earnings per share of $6.00[41] Cash Flow and Returns - Operating cash flow for 2025 was $3,676 million, an 11% increase from $3,317 million in 2024[1] - Free cash flow for 2025 was $3,245 million, a 12% increase from $2,898 million in 2024[1] - The company plans to return approximately $2.2 billion to shareholders in 2026, including about $1 billion in share repurchases and $1.2 billion in dividends[3] - Free cash flow for FY24 is $2,898 million and for FY25 it is expected to be $3,245 million, with projections for FY26E ranging from $3.5 billion to $3.6 billion[45] Segment Performance - Emerson achieved $200 million in run-rate cost synergies from the integration of AspenTech and Test & Measurement[2] - The Intelligent Devices segment reported sales of $12,161 million for the year ended September 30, 2024, with a projected increase to $12,400 million in 2025, reflecting a 2% growth[25] - Adjusted EBITA for the Final Control segment was $271 million for Q4 2024, expected to rise to $305 million in Q4 2025, with margins increasing from 23.2% to 26.1%[28] - The Control Systems & Software segment achieved an adjusted EBITA of $98 million for Q4 2024, with margins expected to improve from 9.8% to 24.0% in Q4 2025[28] - The Final Control segment reported an adjusted EBITA of $335 million for Q4 2025, with an EBITA margin of 27.6%[44] - The Intelligent Devices segment achieved an adjusted EBITA of $926 million for Q4 2025, with an EBITA margin of 27.2%[44] - Control Systems & Software segment EBITA margin improved significantly from 28.1% in 2024 to 33.0% in 2025, with EBITA increasing from $1,107 million to $1,388 million[45] Sales Growth - Sales growth in the Americas for the quarter ended September 30, 2024, was 6%, while Europe and Asia, Middle East & Africa saw growth of 3% and 2%, respectively[23] - The company experienced a 5% underlying sales change for the fourth quarter of FY25, with a 4% underlying growth guidance for Q1 2026[43] - The 2026 outlook projects net sales growth of approximately 5.5% and underlying sales growth of around 4%[4] Cost and Expenses - The company incurred restructuring and related costs of $64 million for the quarter ended September 30, 2024, which rose to $81 million in 2025[38] - The total adjusted corporate and other expenses for the quarter ended September 30, 2024, were $(60) million, improving to $(34) million in 2025[35] - The company incurred $257 million in amortization of intangibles and $61 million in restructuring and related costs for Q4 2025[44] Depreciation and Amortization - Total depreciation and amortization for the quarter ended September 30, 2024, was $426 million, down from $379 million in 2025[32] - The company’s amortization of intangibles for the year ended September 30, 2024, was $1,274 million, decreasing to $1,083 million in 2025[39] Other Financial Metrics - The company reported a margin increase of 170 basis points in Q4 2025, reaching 16.4% compared to 14.7% in Q4 2024[1] - Total pretax earnings (GAAP) increased from $2,020 million in 2024 to $2,934 million in 2025, reflecting a margin increase from 11.5% to 16.3%[45] - Adjusted EBITA for the quarter ended September 30, 2024, was $1,135 million, representing a 24.6% margin, compared to $1,271 million and a 26.2% margin in 2025[38]

Financial Performance - DNOW reported third quarter 2025 revenue of $634 million, an increase from $606 million in the same quarter of 2024, representing a growth of 4.6% year-over-year[9]. - The company achieved an EBITDA of $51 million, which is 8.0% of revenue, maintaining the same percentage as the previous quarter[9][21]. - Net income attributable to DNOW Inc. was $25 million, or $0.23 per diluted share, compared to $13 million, or $0.12 per diluted share in Q3 2024, reflecting a significant increase of 92.3%[9][16]. - GAAP diluted earnings per share attributable to DNOW Inc. stockholders for Q3 2025 was $0.23, up from $0.12 in Q3 2024, representing a 91.67% increase[24]. - For the nine months ended September 30, 2025, GAAP diluted earnings per share increased to $0.66 from $0.53 in the same period of 2024, marking a 24.53% growth[24]. Cash Flow and Liquidity - DNOW ended the quarter with $266 million in cash and zero debt, contributing to total liquidity of approximately $629 million[9][6]. - Cash provided by operating activities for the quarter was $43 million, demonstrating strong operational cash flow[9]. - Free cash flow for Q3 2025 was $39 million, compared to $41 million in Q2 2025, showing a decrease of 4.88%[25]. - Net cash provided by operating activities for Q3 2025 was $43 million, a decrease from $45 million in Q2 2025, reflecting a decline of 4.44%[25]. - The company experienced a free cash flow of $119 million for the nine months ended September 30, 2025, compared to $72 million in the same period of 2024, an increase of 65.28%[25]. Assets and Financial Health - The company reported total assets of $1.66 billion as of September 30, 2025, an increase from $1.62 billion at the end of 2024[14]. - DNOW's accumulated deficit decreased to $675 million from $747 million, indicating improved financial health[14]. Segment Performance - Revenue from the United States segment was $527 million, up from $482 million in the previous quarter, indicating a growth of 9.3%[18]. Acquisitions and Future Outlook - The company is forecasting its best full-year earnings ever as a public company for 2025, marking the fifth consecutive year of growth[7]. - DNOW is in the process of acquiring MRC Global Inc. in an all-stock transaction valued at approximately $1.5 billion, expected to close in Q4 2025[9][5]. Other Costs and Charges - Other costs for Q3 2025 included approximately $4 million in transaction-related charges and less than $1 million in International restructuring charges[26]. - Total Other costs for the nine months ended September 30, 2024, included $8 million in International restructuring charges and $10 million in transaction-related charges[27]. - The company reported a tax benefit of approximately $1 million related to Other for Q3 2025[29]. - Stock-based compensation for Q3 2025 was less than $1 million, indicating minimal impact on earnings[26]. Capital Expenditures - The total purchases of property, plant, and equipment for Q3 2025 were $4 million, consistent with Q2 2025[25].

Financial Performance - Annual recurring revenue (ARR) was $1,899 million as of September 30, 2025, reflecting a 17% year-over-year growth[91] - Total revenue for the quarter was $494 million, representing an 18% year-over-year increase[91] - Subscription revenue reached $473 million, also showing an 18% growth year-over-year[91] - Total revenue for the three months ended September 30, 2025, was $493.8 million, an increase of $75.7 million or 18% compared to $418.1 million in the same period of 2024[122] - Subscription revenue increased by $73.3 million, or 18%, for the three months ended September 30, 2025, primarily due to existing customers expanding their use of the Dynatrace platform and new customer adoption[125] - Total revenue for the six months ended September 30, 2025, was $971.2 million, a 19% increase from $817.3 million in the same period of 2024[143] - Subscription revenue increased by $149.2 million, or 19%, for the six months ended September 30, 2025, primarily due to existing customers expanding their use of the Dynatrace platform[144] - Gross profit for the three months ended September 30, 2025, was $404.1 million, representing a 19% increase from $340.3 million in the same period of 2024[131] - Gross profit for the six months ended September 30, 2025, was $796.2 million, a 20% increase from $664.8 million in the same period of 2024[150] - Net income for the three months ended September 30, 2025, was $57.2 million, compared to $44.0 million in the same period of 2024, reflecting a significant increase[122] Expenses and Costs - Non-GAAP income from operations was $152.8 million for the three months ended September 30, 2025, compared to $130.7 million for the same period in 2024[94] - Operating expenses increased by $37.8 million, or 13%, for the three months ended September 30, 2025, totaling $331.1 million compared to $293.3 million in 2024[134] - Research and development expenses rose by $19.6 million, or 21%, for the three months ended September 30, 2025, primarily due to increased personnel costs and cloud-based hosting costs[135] - Cost of subscription increased by $12.6 million, or 23%, for the three months ended September 30, 2025, mainly due to increased cloud-based hosting costs and personnel costs[128] - Operating expenses increased by $85.2 million, or 15%, for the six months ended September 30, 2025, compared to the same period in 2024[153] - Research and development expenses increased by $40.2 million, or 22%, for the six months ended September 30, 2025, primarily due to increased personnel costs[154] - Sales and marketing expenses increased by $43.7 million, or 15%, for the six months ended September 30, 2025, driven by increased personnel costs[155] - Total cost of revenue for the three months ended September 30, 2025, was $89.8 million, an increase of $12.0 million or 15% compared to $77.8 million in 2024[127] - Cost of revenue decreased by $22.4 million, or 15%, for the six months ended September 30, 2025, compared to the same period in 2024[146] Cash Flow and Investments - Free cash flow for the quarter was $27.8 million, up from $20.1 million in the prior year[94] - Net cash provided by operating activities increased to $301.7 million for the six months ended September 30, 2025, compared to $254.4 million for the same period in 2024, reflecting a $47.3 million increase[172] - Net cash used in investing activities decreased to $6.5 million for the six months ended September 30, 2025, from $46.6 million in the same period in 2024[173] - Net cash used in financing activities was $99.1 million for the six months ended September 30, 2025, compared to $84.6 million in 2024, marking a $14.5 million increase[174] - The company had $399.0 million available under its Credit Facility as of September 30, 2025[170] Customer Metrics and Market Strategy - The dollar-based net retention rate was 111% as of September 30, 2025, slightly down from 112% a year earlier[94] - 50% of the customer base and 70% of ARR leveraged the flexible Dynatrace Platform Subscription (DPS) model as of September 30, 2025[92] - Dynatrace targets the largest 15,000 global enterprise accounts, which typically have annual revenues exceeding $1 billion[84] - The company aims to strengthen relationships with existing customers and expand its customer base through strategic partnerships and market segmentation[93] Future Outlook and Strategic Initiatives - The company plans to invest in innovation and expand its platform capabilities to address new market opportunities in fiscal 2026[92] - The company expects future capital requirements to depend on growth rate, R&D spending, and market acceptance of products[168] - The company has not engaged in hedging strategies for foreign currency transactions but may reassess this as international operations grow[181] Shareholder Actions - The company repurchased 1.0 million shares for $50.0 million during the three months ended September 30, 2025, and 1.9 million shares for $95.0 million during the six months ended September 30, 2025[169]

Financial Performance - Total reported sales for Q3 2025 were $1.6 billion, a 9% decrease compared to the same period last year, primarily due to lower sales in the Office Depot Division and ODP Business Solutions Division [3]. - GAAP operating income was $34 million, down from $102 million in the prior year, with net income from continuing operations of $23 million, or $0.72 per diluted share, compared to $68 million, or $2.04 per diluted share, in Q3 2024 [5]. - Adjusted net income from continuing operations was $36 million, or adjusted diluted earnings per share of $1.14, an increase of 61% on a per share basis compared to $24 million, or $0.71, in the prior year [9]. - Operating income for the 13 weeks ended September 27, 2025, was $34 million, significantly lower than $102 million for the same period in 2024, representing a decline of 67% [28]. - Net income from continuing operations for Q3 2025 was $23 million, or $0.72 per share, compared to $68 million, or $2.04 per share in Q3 2024 [39][40]. - Year-to-date (YTD) 2025 net income from continuing operations was a loss of $6 million, or $(0.21) per share, compared to a profit of $95 million, or $2.65 per share in YTD 2024 [40]. Cash Flow and Liquidity - Operating cash flow from continuing operations increased to $90 million, up from $81 million in the prior year, reflecting strong cash conversion and prudent working capital management [8]. - Total available liquidity was $730 million, consisting of $182 million in cash and cash equivalents and $548 million of available credit [12]. - Adjusted Free Cash Flow for Q3 2025 was $89 million, up from $68 million in the prior year period [14]. - Free cash flow for Q3 2025 was $78 million, up from $58 million in Q3 2024, while adjusted free cash flow increased to $89 million from $68 million [46]. Sales and Revenue Trends - The ODP Business Solutions Division reported sales of $862 million, a 6% year-over-year decline, but showed improved revenue trends compared to the prior year [9]. - Sales for the 13 weeks ended September 27, 2025, were $1,625 million, a decrease of 9% compared to $1,780 million for the same period in 2024 [28]. - The Business Solutions Division reported external sales of $860 million for 3Q25, down 6% from $914 million in 3Q24 [34]. - The Office Depot Division experienced a 13% decline in external sales, reporting $742 million in 3Q25 compared to $852 million in 3Q24 [34]. - The Veyer Division's external sales increased to $23 million in 3Q25, up from $14 million in 3Q24, marking a growth of 64% [34]. Restructuring and Strategic Changes - The Company expects to incur costs of $185 million to $230 million over the multi-year life of the "Optimize for Growth" restructuring plan, which is anticipated to generate approximately $380 million in EBITDA improvement [18]. - The Company closed 12 retail stores during the quarter, ending with 822 retail locations, reflecting ongoing strategic adjustments [16]. - Total retail stores in the U.S. decreased to 822 in Q3 2025 from 885 in Q3 2024, with 12 stores closed in Q3 2025 [48]. - The company incurred $49 million in asset impairments and $57 million in merger and restructuring expenses for YTD 2025 [40]. Asset and Liability Management - The ODP Corporation's total assets decreased to $3,279 million as of September 27, 2025, down from $3,529 million at the end of 2024 [30]. - Total liabilities decreased to $2,456 million as of September 27, 2025, compared to $2,722 million at the end of 2024 [30]. - The ODP Corporation's cash and cash equivalents increased to $182 million as of September 27, 2025, from $166 million at the end of 2024 [30]. Other Financial Metrics - Gross profit for the 39 weeks ended September 27, 2025, was $1,001 million, down from $1,115 million in the prior year, reflecting a decrease of 10% [28]. - Adjusted EBITDA for Q3 2025 was $62 million, consistent with Q3 2024, while YTD 2025 adjusted EBITDA was $184 million compared to $210 million in YTD 2024 [46]. - Q3 2025 reported operating income was $34 million, representing 2.1% of sales, while adjusted operating income was $38 million, or 2.3% of sales [39].

EXHIBIT 99.1 Dynatrace Reports Second Quarter Fiscal Year 2026 Financial Results Exceeds high end of guidance across all metrics; raises FY'26 guidance Delivers ARR growth of 16% and Subscription Revenue growth of 17% on a constant currency basis Achieves GAAP Operating Margin of 15% and Non-GAAP Operating Margin of 31% BOSTON, Mass., November 5, 2025 - Dynatrace (NYSE: DT), the leading AI-powered observability platform, today announced financial results for the second quarter of fiscal 2026 ended September ...