Financial Performance - Adient reported Q4 2025 revenue of $3,688M, a 4% increase compared to Q4 2024, with adjusted EBITDA of $226M and an adjusted EBITDA margin of 6.1%[1][8] - For the full year FY25, Adient's revenue was $14,535M, a 1% decrease from FY24, with adjusted net income of $570M and adjusted EPS of $1.93, reflecting a 5% increase year-over-year[1][2] - Net sales for Q4 2025 were $3,688 million, a 3.5% increase from $3,562 million in Q4 2024[22] - Gross profit for Q4 2025 was $247 million, slightly up from $245 million in Q4 2024, resulting in a gross margin of 6.7%[22] - Net income attributable to Adient for Q4 2025 was $18 million, a decrease from $79 million in Q4 2024[22] - For the twelve months ended September 30, 2025, consolidated net sales totaled $14,535 million, a decrease from $14,688 million in 2024, indicating a decline of 1.0%[30] - Adjusted net income attributable to Adient for the three months ended September 30, 2025, was $42 million, compared to $59 million in the same period of 2024, a decrease of 28.8%[35] - The net income (loss) attributable to Adient for the three months ended September 30, 2025, was $18 million, down from $79 million in the same period of 2024[32] Cash Flow and Liquidity - Free cash flow for FY25 totaled $204M, with $125M returned to shareholders through share repurchases, representing approximately 7% of shares outstanding at the beginning of the fiscal year[2][4] - The company maintained cash and cash equivalents of $958M and total liquidity of $1.8B as of September 30, 2025[4] - Cash provided by operating activities for Q4 2025 was $213 million, down from $263 million in Q4 2024[26] - The free cash flow for the twelve months ended September 30, 2025, was $204 million, down from $277 million in 2024[42] - The operating cash flow for the three months ended September 30, 2025, was $263 million, compared to $213 million in 2024[42] Business Development - Adient secured $1.4B in new business in Asia during FY25, with local OEMs accounting for nearly 70% of this new business[3] - Looking ahead to FY26, Adient expects consolidated sales of approximately $14.4B and adjusted EBITDA of around $845M, impacted by lower year-over-year production volumes[15] - Capital expenditures for FY26 are projected to be around $300M, primarily driven by customer launch plans and innovation projects[15] - The company plans to launch innovative products such as Z-Guard in 2027 and sculpted trim in Q2 FY26, focusing on safety and design flexibility[16][17] Debt and Leverage - Adient's gross debt and net debt were approximately $2.4B and $1.4B respectively as of September 30, 2025[8] - The net debt as of September 30, 2025, was $1,439 million, a slight decrease from $1,460 million in 2024[44] - The total debt as of September 30, 2025, was $2,397 million, down from $2,405 million in 2024[44] - The net leverage ratio as of September 30, 2025, was 1.63, compared to 1.66 in 2024[44] Segment Performance - Adient's segment adjusted EBITDA for Asia was $440M in FY25, showing stability compared to FY24, while Americas and EMEA segments reported $402M and $124M respectively[10] - The Americas segment reported net sales of $6,856 million for the twelve months ended September 30, 2025, up from $6,763 million in 2024, reflecting a growth of 1.4%[30] - The EMEA segment's adjusted EBITDA margin for the three months ended September 30, 2025, was 6.2%, compared to 2.5% in the same period of 2024, indicating significant improvement[30] Adjustments and Non-Recurring Items - Restructuring and impairment costs for Q4 2025 were $11 million, down from $16 million in Q4 2024[22] - The adjusted EBIT for the twelve months ended September 30, 2025, was $570 million, compared to $564 million in 2024, showing a slight increase of 1.1%[34] - The adjusted EBITDA for the twelve months ended September 30, 2025, was $881 million, consistent with $880 million in the previous year[34] - The overall impact of adjustments primarily related to purchase accounting amortization on noncontrolling interests was reflected in the financial results[47]

Financial Performance - Iron Mountain achieved record quarterly revenue of $1.8 billion, an increase of 12.6% year-over-year, and 11.8% excluding foreign exchange effects[9]. - Net income for Q3 2025 was $86 million, compared to a net loss of $34 million in Q3 2024[11]. - Adjusted EBITDA reached $660 million, reflecting a 16% increase year-over-year[12]. - AFFO for the quarter was $393 million, or $1.32 per share, an 18% increase compared to Q3 2024[12]. - The company reiterated its full-year 2025 financial guidance, expecting total revenue of $6.79 billion to $6.94 billion, approximately a 12% year-over-year increase[15]. - Fourth quarter 2025 revenue is expected to increase approximately 14% on a reported basis[9]. - Year-to-date total revenues increased by 10.7%, or 10.8% excluding foreign exchange impacts[11]. - Total revenues for Q3 2025 were $1,754,093, reflecting a year-over-year growth of 12.6%[24]. - Year-to-date total revenues for 2025 were $5,058,570, up 10.7% from $4,568,630 in 2024[47]. - Year-to-date reported EPS for 2025 was $0.19, down 26.9% from $0.26 in 2024[59]. Revenue Breakdown - Storage Rental Revenue for Q3 2025 reached $1,032,897, a 10.4% increase from Q3 2024[24]. - Organic Storage Rental Revenue Growth was 9.4% in Q3 2025, compared to 9.3% in Q3 2024[25]. - Total Service Revenue for Q3 2025 was $721,196, up 2.7% from Q2 2025 and 16.0% from Q3 2024[64]. - Year-to-date (YTD) 2025 total storage rental revenue was $2,991,262, a 9.2% increase compared to YTD 2024[67]. - YTD 2025 total service revenue increased by 13.1% to $2,067,308 compared to YTD 2024[67]. Profitability Metrics - Adjusted EBITDA for Q3 2025 was $660,379, with an Adjusted EBITDA Margin of 37.6%[24]. - Net income attributable to Iron Mountain Incorporated for Q3 2025 was $84,290, a significant recovery from a loss of $(44,921) in Q2 2025[24]. - The company reported an Adjusted EPS of $0.54 for Q3 2025, up from $0.44 in Q3 2024[24]. - Storage Rental Gross Profit for Q3 2025 was $734,942, with a gross margin of 70.5%, down from 71.4% in Q2 2025[64]. - Service Gross Profit for Q3 2025 was $227,212, with a gross margin of 32.0%, down from 33.1% in Q2 2025[64]. Capital Expenditures and Investments - Total capital expenditures for Q3 2025 amounted to $513.5 million, representing a 7.7% increase from Q2 2025 and a 23.8% increase year-over-year[96]. - Year-to-date capital expenditures for 2025 reached $1.65 billion, a 39.6% increase compared to $1.18 billion in 2024[97]. - Data center growth capital expenditures in Q3 2025 were $376.8 million, a 22.0% increase from Q3 2024[96]. - The company plans to invest $225.2 million in total development activities in Q3 2025[96]. Customer and Market Insights - The company serves over 240,000 customers globally, including approximately 95% of the Fortune 1000[17]. - The churn rate for data center leases was 0.3% in Q3 2025, reflecting strong customer retention[76]. - The company signed 86 new/expansion leases in Q3 2025, generating a monthly recurring revenue (MRR) of $2,548[76]. Debt and Financial Ratios - The weighted average interest rate on the company's debt is 5.86%[86]. - The net debt to total enterprise value ratio stands at 34.9%[86]. - The company has a credit facility fixed charge coverage ratio of 2.5x[86]. - The TTM AFFO Payout Ratio was 61.7% in Q3 2025, indicating a stable dividend policy[24]. Operational Metrics - The Total Volume of Storage increased to 743,512 in Q3 2025, with a Storage Facility Capacity Utilization of 80.8%[25]. - The total data center portfolio capacity increased to 1,339.9 MW in Q3 2025, up from 917.8 MW in Q3 2024[81]. - The company has a total of 202.5 MW under development, with 124 MW pre-leased, indicating a 61.2% pre-leasing rate[96]. Strategic Focus - The company emphasizes organic revenue growth, which represents year-over-year growth excluding the impact of acquisitions and foreign currency fluctuations[125]. - The Global Records and Information Management segment operates in 61 countries, providing services such as records management and data management[109]. - The company is focused on integrating acquired businesses efficiently and transitioning to more sustainable energy sources[99]. - The company is investing in innovation and other discretionary capital expenditures to drive revenue growth and operational efficiencies[115].

Company Overview - MRC Global is the leading global distributor of pipe, valves, fittings (PVF) and other infrastructure products, serving over 8,300 customers through approximately 200 service locations[99]. - The company has approximately 200,000 SKUs and a global network of over 7,100 suppliers, with over 2,500 employees[99]. - MRC Global's revenue is predominantly derived from the sale of PVF and infrastructure supplies to gas utility, energy, and industrial customers globally[102]. Merger and Acquisitions - The planned merger with DNOW Inc. is expected to be consummated during the fourth quarter of 2025, with MRC Global shareholders receiving 0.9489 shares of DNOW common stock for each share of MRC Global[106][107]. Financial Performance - Revenue for the three months ended September 30, 2025, decreased by $93 million, or 12%, to $678 million compared to $771 million for the same period in 2024[127]. - U.S. sales decreased by $94 million, or 15%, to $550 million for the three months ended September 30, 2025, primarily due to operational challenges from the ERP system implementation[128]. - The Gas Utilities sector accounted for 40% of total revenue for the first nine months of 2025, with a 2% increase compared to the same period in 2024[112]. - The Downstream, Industrial and Energy Transition (DIET) sector generated 29% of total revenue for the first nine months of 2025, but saw a 16% decrease compared to the same period in 2024[115]. - The Production and Transmission Infrastructure (PTI) sector represented 31% of total revenue for the first nine months of 2025, with an 8% decrease compared to the same period in 2024[117]. - Sales for the nine months ended September 30, 2025, were $2,188 million, a decrease of $159 million (7%) compared to $2,347 million in the same period of 2024, driven by declines in the DIET and PTI sectors[152]. Operational Challenges - The implementation of a new cloud-based ERP system in August 2025 faced significant challenges, adversely affecting revenue, profitability, and cash flow in the U.S. segment for Q3 2025[109]. - U.S. segment operating loss was $14 million in Q3 2025, compared to operating income of $30 million in Q3 2024, a decrease of $44 million primarily due to lower sales[135]. - The company anticipates that fluctuations in steel prices will impact the pricing and availability of its products, influencing sales and operating profitability[104]. - MRC Global's business is influenced by economic conditions, oil and natural gas demand, and inventory levels of PVF and related products[104]. Profitability Metrics - Gross profit for Q3 2025 was $125 million (18.4% of sales), down from $157 million (20.4% of sales) in Q3 2024, a decrease of $32 million primarily due to lower sales[129]. - Adjusted Gross Profit decreased to $148 million (21.8% of sales) in Q3 2025 from $162 million (21.0% of sales) in Q3 2024, a decrease of $14 million attributed to lower sales[130]. - Operating loss for Q3 2025 was $3 million, compared to operating income of $37 million in Q3 2024, a decrease of $40 million due to lower sales and ERP system implementation challenges[134]. - Net loss from continuing operations was $9 million in Q3 2025, down from net income of $29 million in Q3 2024, a decrease of $38 million due to lower sales and higher SG&A expenses[142]. Expenses and Cash Flow - SG&A expenses increased to $128 million (18.9% of sales) in Q3 2025 from $120 million (15.6% of sales) in Q3 2024, primarily due to a $6 million increase in legal and professional fees related to mergers[133]. - Interest expense increased to $10 million in Q3 2025 from $4 million in Q3 2024, an increase of $6 million due to higher average debt balances and interest rates[138]. - Net cash used in operating activities from continuing operations was $61 million for the nine months ended September 30, 2025, compared to $195 million provided in the same period of 2024[181]. - Net cash used in investing activities from continuing operations was $25 million for the nine months ended September 30, 2025, compared to $22 million in the same period of 2024[182]. - Net cash provided by financing activities was $65 million for the nine months ended September 30, 2025, compared to $242 million used in the same period of 2024[183]. Market Conditions and Future Outlook - Ongoing maintenance and upgrading of existing energy facilities and pipelines are critical drivers for business, particularly in the Gas Utilities sector[104]. - The company expects substantial growth in the energy transition portion of its business, supported by government incentives and commitments from customers to achieve net zero emissions[116]. - The average Brent crude oil price for the first nine months of 2025 was approximately $71 per barrel, while West Texas Intermediate (WTI) averaged approximately $67 per barrel[117]. Debt and Liquidity - The company had $134 million in borrowings and $477 million of Excess Availability under its Global ABL Facility as of September 30, 2025[175]. - As of September 30, 2025, the outstanding balance on the Term Loan was $342 million, with annual repayments required based on excess cash flow[176]. - Total liquidity as of September 30, 2025, was $536 million, consisting of cash on hand and amounts available under the Global ABL Facility[177]. Credit Ratings - Moody's upgraded the Company's corporate family rating to 'B1' from 'B2' in October 2024, with a stable outlook based on moderate leverage and solid operating performance[178]. - S&P affirmed the Company's issuer-credit rating of 'B' with a 'CreditWatch Positive' rating in June 2025, pending regulatory approval of the DNOW merger[178].

Financial Performance - Delivered Q3 2025 Net Sales of $110.3 million, representing a 10.4% year-over-year growth, exceeding the company's guidance range [4] - Achieved a Gross Margin of 57.6% in Q3 2025, consistent with the company's medium-term target [4] - Reported a GAAP Net loss of $0.7 million for Q3 2025, an improvement of 37.5% compared to a loss of $1.1 million in Q3 2024 [5] - Adjusted EBITDA for Q3 2025 was $3.6 million, maintaining profitability for the 17th consecutive quarter [4] - Year-to-date September 2025 Net Sales totaled $313.1 million, a 3.4% increase from $302.6 million in the same period of 2024 [7] - Net sales for Q3 2025 reached $110,252,000, a 10.4% increase from $99,873,000 in Q3 2024 [20] - Gross profit for Q3 2025 was $63,451,000, compared to $60,770,000 in Q3 2024, reflecting a gross margin of 57.5% [20] - Adjusted EBITDA for Q3 2025 was $3,561,000, with an adjusted EBITDA margin of 3.2% [25] - The company reported a net loss of $672,000 for Q3 2025, compared to a net loss of $1,075,000 in Q3 2024 [20] - Adjusted Net Income for Q3 2025 was $1.711 billion, compared to $1.490 billion in Q3 2024, representing a year-over-year increase of 14.8% [27] - The company reported a net loss attributable to Brilliant Earth Group, Inc. of $672 million for Q3 2025, an improvement from a net loss of $1.075 billion in Q3 2024 [27] - Adjusted diluted earnings per share for Q3 2025 was $0.02, consistent with Q3 2024, while the reported diluted earnings per share remained at $(0.01) for both periods [27] Sales and Orders - Drove 45% year-over-year bookings growth in fine jewelry, alongside a return to year-over-year bookings growth in engagement rings [2] - Total Orders in Q3 2025 reached 49,910, a 16.8% increase from 42,744 in Q3 2024 [5] - Average Order Value (AOV) decreased by 5.5% year-over-year to $2,209 in Q3 2025 [5] Assets and Liabilities - Total current assets decreased to $135,651,000 as of September 30, 2025, down from $211,413,000 at December 31, 2024 [22] - Cash and cash equivalents dropped to $73,429,000 from $161,925,000 over the same period [22] - Total liabilities decreased to $123,912,000 as of September 30, 2025, compared to $171,863,000 at December 31, 2024 [22] Marketing and Strategy - Marketing and advertising expenses for Q3 2025 were $26,132,000, slightly down from $26,678,000 in Q3 2024 [20] - The company continues to focus on expanding its e-commerce and omnichannel approach to enhance customer engagement and market acceptance [20] Special Events and Initiatives - Celebrated "Twenty Years of Yes" with the launch of the 20th Anniversary and exclusive Pacific Green Diamond collections [4] - For the full year 2025, the company projects Net Sales growth of 3% to 4.5% year-over-year [9] Equity and Taxation - The diluted weighted average of common stock assumed outstanding increased to 100,508,744 in Q3 2025 from 98,497,546 in Q3 2024 [27] - Equity-based compensation expense for the nine months ended September 30, 2025, was $6.953 billion, slightly down from $7.536 billion in the same period of 2024 [27] - The company incurred a loss on extinguishment of debt amounting to $573 million in Q3 2025, with no such loss reported in Q3 2024 [27] - The tax impact of adjustments for the nine months ended September 30, 2025, was $(2.187) billion, compared to $(2.235) billion for the same period in 2024 [27] - The total number of vested LLC Units exchangeable for common stock was 84,944,802 as of Q3 2025, showing stability compared to 84,905,562 in Q3 2024 [27] - The company expects to issue common stock upon redemption of LLC Units rather than cash settlement, impacting future financial reporting [28] - The acquisition of LLC units by Brilliant Earth Group, Inc. will result in the taxable income currently recognized by members of Brilliant Earth, LLC becoming taxable to the company [28]

Revenue Performance - Total revenue for the third quarter of 2025 was $857.5 million, a decrease of 7.0% compared to $921.8 million in the third quarter of 2024[202]. - Admissions revenue decreased by 6.7% to $429.7 million in the third quarter of 2025 from $460.4 million in the same period last year[207]. - Concession revenue also declined by 8.3% to $336.7 million in the third quarter of 2025, down from $367.3 million in the third quarter of 2024[207]. - Total revenue for the consolidated segment increased by 5.1% to $1,860.0 million for the nine months ended September 30, 2025, compared to $1,770.4 million in 2024[230]. Attendance Trends - Attendance decreased by 10.3% to 54.2 million in the third quarter of 2025, compared to 60.4 million in the same period last year[207]. - U.S. attendance decreased 11.7% to 33.2 million patrons in Q3 2025 compared to 37.6 million in Q3 2024, attributed to a less appealing film slate[210]. - International attendance decreased 7.9% to 21.0 million patrons in Q3 2025 from 22.8 million in Q3 2024, reflecting a similar trend in film appeal[210]. - U.S. attendance increased to 90.7 million patrons in 2025, up from 90.3 million in 2024, driven by a comparable film slate[234]. - International attendance decreased to 58.0 million patrons in 2025 from 59.8 million in 2024, reflecting a less appealing film slate[234]. Pricing and Revenue per Patron - The average ticket price increased by 4.1% to $7.93 in the third quarter of 2025, compared to $7.62 in the third quarter of 2024[207]. - Average ticket price in the U.S. increased 5.2% to $10.50 in Q3 2025 from $9.98 in Q3 2024, driven by strategic pricing actions[210]. - Concession revenue per patron in the U.S. rose 2.9% to $8.20 in Q3 2025 compared to $7.97 in Q3 2024, primarily due to strategic pricing and a higher mix of merchandise[210]. - Average ticket price increased by 4.6% to $10.36 in 2025, compared to $9.90 in 2024, due to strategic pricing initiatives[234]. - Concession revenue per patron increased by 4.5% to $8.21 in 2025, compared to $7.86 in 2024, driven by strategic pricing actions[234]. Expenses and Income - General and administrative expenses for Holdings increased to $61.9 million in Q3 2025 from $56.4 million in Q3 2024, mainly due to higher share-based compensation and increased headcount[214]. - Interest expense for Holdings decreased to $32.2 million in Q3 2025 from $36.7 million in Q3 2024, primarily due to the payoff of $460.0 million in convertible senior notes[217]. - General and administrative expenses increased to $170.5 million in 2025 from $161.0 million in 2024, primarily due to higher share-based compensation and wages[237]. - Interest expense for Holdings was $110.1 million in 2025, compared to $109.0 million in 2024, primarily due to the issuance of new Senior Notes[240]. Tax and Investment - An income tax benefit of $22.9 million was recorded for Holdings in Q3 2025, down from $42.7 million in Q3 2024, with an effective tax rate of approximately (82.8)%[225]. - Income tax expense for Holdings was $4.9 million in 2025, contrasting with a tax benefit of $71.3 million in 2024, resulting in an effective tax rate of 4.4% in 2025 versus (37.6)% in 2024[248]. - The company recorded a net loss on investment in NCMI of $1.5 million in Q3 2025 compared to a net gain of $11.6 million in Q3 2024, reflecting mark-to-market adjustments[224]. - Net loss on investment in NCMI was $9.4 million in 2025, compared to a net gain of $12.8 million in 2024[247]. Cash Flow and Capital Expenditures - Cash provided by operating activities was $248.3 million for Holdings and $260.1 million for CUSA in the nine months ended September 30, 2025, down from $269.6 million and $279.5 million respectively in 2024[252]. - Cash used for investing activities increased to $98.6 million in 2025 from $89.1 million in 2024, primarily due to higher capital expenditures[253]. - Total capital expenditures for the nine months ended September 30, 2025, were $105.6 million, up from $90.2 million in 2024, with new theaters at $18.3 million and existing theaters at $87.3 million[254]. - Cash used for financing activities surged to $761.8 million for Holdings and $544.1 million for CUSA in 2025, compared to $94.7 million in 2024[258]. Debt and Financing - The company issued $460.0 million of 4.50% convertible senior notes, maturing on August 15, 2025, with interest payable semi-annually[267]. - The company amended its senior secured credit facility to an aggregate principal amount of $775.0 million, including a $650.0 million term loan and a $125.0 million revolving credit facility[274]. - As of September 30, 2025, the company had $633.9 million outstanding under the term loan with an average interest rate of approximately 5.7% per annum[285]. - The company issued $500.0 million of 7.00% senior unsecured notes on July 18, 2024, maturing on August 1, 2032, to repay existing debt[286]. - The total long-term debt as of September 30, 2025, was $1,898.9 million, with an average interest rate of 5.9%[300].

Financial Performance - Third quarter 2025 sales were $678 million, a 12% decrease year-over-year and a 15% decrease sequentially [6][13]. - Net loss from continuing operations for Q3 2025 was $9 million, compared to net income of $29 million in Q3 2024 [4][7]. - Adjusted EBITDA for Q3 2025 was $36 million, or 5.3% of sales, down from $47 million, or 6.1% of sales in Q3 2024 [10]. - Gross profit for Q3 2025 was $125 million, or 18.4% of sales, compared to $157 million, or 20.4% of sales in Q3 2024 [8]. - U.S. sales in Q3 2025 were $550 million, a 15% decrease from Q3 2024, with all sectors experiencing declines due to ERP system challenges [14][15]. - The company reported a net loss of $9 million for the three months ended September 30, 2025, compared to a net income of $29 million for the same period in 2024, indicating a significant decline in profitability [39]. - Sales for the three months ended September 30, 2025, were $678 million, a decrease of 12.1% from $771 million in the same period of 2024 [39]. - Gross profit for the three months ended September 30, 2025, was $125 million, down from $157 million in the prior year, reflecting a decrease of 20.4% [39]. - Net income for the nine months ended September 30, 2025, was $12 million, a decrease from $79 million in the same period of 2024 [41]. - Total sales for the nine months ended September 30, 2025, were $2,188 million, down from $2,347 million in 2024, representing a decrease of approximately 6.8% [44]. - Adjusted EBITDA for the nine months ended September 30, 2025, was $126 million, down from $169 million in 2024 [57]. - Adjusted net income from continuing operations for the three months ended September 30, 2025, was $11 million, while for the same period in 2024, it was $24 million [61]. - For the nine months ended September 30, 2025, the adjusted net income from continuing operations was $81 million [61]. Expenses and Liabilities - Selling, general and administrative (SG&A) expenses were $128 million, or 18.9% of sales, up from $120 million, or 15.6% of sales in Q3 2024 [9]. - Selling, general and administrative expenses for the three months ended September 30, 2025, were $128 million, up from $120 million in the same period of 2024, reflecting an increase of 6.7% [39]. - The company's long-term debt increased to $472 million as of September 30, 2025, compared to $384 million at December 31, 2024, marking an increase of 22.9% [37]. - The company's total current liabilities rose to $588 million as of September 30, 2025, compared to $508 million at December 31, 2024, indicating an increase of 15.7% [37]. - The company incurred $5 million in costs related to ERP system implementation for the three months ended September 30, 2025 [66]. - Non-recurring legal and consulting costs amounted to $5 million for the three months ended September 30, 2025 [66]. Cash Flow and Assets - Cash balance as of September 30, 2025, was $59 million, with long-term debt of $476 million and net debt of $417 million [21]. - MRC Global's total assets increased to $1,795 million as of September 30, 2025, up from $1,624 million at December 31, 2024, representing a growth of approximately 10.5% [37]. - Cash at the end of the period was $59 million, a decrease from $62 million at the end of September 2024 [41]. - The company reported a significant increase in payments on revolving credit facilities, totaling $504 million in 2025 compared to $276 million in 2024 [41]. - The company experienced a decrease in inventories by $129 million for the nine months ended September 30, 2025, compared to an increase of $88 million in 2024 [41]. - MRC Global's accounts receivable rose to $473 million as of September 30, 2025, compared to $378 million at December 31, 2024, an increase of 25.1% [37]. Future Outlook - The company anticipates mid-to-high single-digit percentage revenue growth sequentially for Q4 2025 as backlog is expected to convert to revenue [4][6]. - The merger with DNOW Inc. is expected to close in Q4 2025, which will enhance MRC Global's capabilities and scale [4][23]. - Revenue backlog as of September 30, 2025, was $571 million, a 4% increase year-over-year and a 21% increase in the U.S. segment backlog [6][20].

Financial Performance - Dine Brands reported total revenues of $216.2 million for Q3 2025, an increase of 10.6% compared to $195.0 million in Q3 2024[11] - GAAP net income available to common stockholders for Q3 2025 was $7.0 million, or $0.48 per diluted share, down from $18.5 million, or $1.24 per diluted share in Q3 2024[11] - Adjusted net income available to common stockholders for Q3 2025 was $10.5 million, or $0.73 per diluted share, compared to $21.4 million, or $1.44 per diluted share in Q3 2024[11] - Consolidated adjusted EBITDA for Q3 2025 was $49.0 million, a decrease from $61.9 million in Q3 2024, reflecting higher G&A expenses and investments in restaurant remodels[11] - Total revenues for the first nine months of 2025 were $661.7 million, up from $607.5 million in the same period of 2024, driven by higher company-owned restaurant sales[10] - Net income for the nine months ended September 30, 2025, was $29,337,000, down from $59,716,000 in 2024, reflecting a decrease of 50.8%[31] - Adjusted free cash flow for the nine months ended September 30, 2025, was $68,159,000, down from $77,777,000 in the same period of 2024[36] Sales Performance - Applebee's domestic comparable same-restaurant sales increased by 3.1% year-over-year in Q3 2025, while IHOP's decreased by 1.5%[5][8] - Domestic same-restaurant sales for Applebee's increased by 3.1% in Q3 2025 compared to a decrease of 5.9% in Q3 2024[42] - IHOP's domestic same-restaurant sales decreased by 1.5% in Q3 2025, compared to a decrease of 2.1% in Q3 2024[42] - Total reported sales for Applebee's franchise restaurants decreased to $988.4 million in Q3 2025 from $1,007.7 million in Q3 2024, a decline of 1.3%[44] - IHOP franchise restaurant sales were $775.1 million in Q3 2025, down from $790.3 million in Q3 2024, representing a decrease of 1.5%[44] - Domestic same-restaurant sales percentage change for Q3 2025 was -1.5%, compared to -9.6% in Q3 2024[45] Expenses and Liabilities - G&A expenses for the first nine months of 2025 were $152.3 million, an increase from $144.4 million in the same period of 2024, primarily due to higher compensation-related costs[14] - The company reported total liabilities of $2,005,776,000 as of September 30, 2025, which remained relatively stable compared to $2,006,603,000 at the end of 2024[29] - Closure and impairment charges for the nine months ended September 30, 2025, were $7,613,000, compared to $1,442,000 in 2024[33] Cash Flow and Assets - Cash flows provided by operating activities for the first nine months of 2025 were $83.3 million, compared to $77.7 million in the same period of 2024[14] - Cash flows provided by operating activities for the nine months ended September 30, 2025, were $83,302,000, compared to $77,694,000 in 2024[36] - As of September 30, 2025, Dine Brands had total cash, cash equivalents, and restricted cash of approximately $251.1 million, with about $168.0 million being unrestricted cash[14] - The company’s cash and cash equivalents at the end of the period were $167,950,000, down from $186,650,000 at the end of 2024, a decrease of 10.1%[29] Shareholder Actions - Dine Brands plans to repurchase at least $50 million of shares over the next two quarters as part of its updated capital return framework[18] - The company repurchased $30,102,000 of common stock during the nine months ended September 30, 2025, compared to $12,000,000 in the same period of 2024[31] - The diluted net income available to common stockholders per share for Q3 2025 was $0.73, down from $1.44 in Q3 2024[33] Restaurant Count and Operations - Total effective restaurants for Applebee's decreased to 1,560 in Q3 2025 from 1,620 in Q3 2024[42] - The total number of Applebee's restaurants decreased from 1,625 at the beginning of Q3 2024 to 1,571 by the end of Q3 2025, a net reduction of 54 restaurants[47] - IHOP's total restaurant count decreased from 1,811 at the beginning of Q3 2024 to 1,803 by the end of Q3 2025, reflecting a net reduction of 8 restaurants[49] - Fuzzy's total restaurant count remained stable at 109 by the end of Q3 2025, down from 119 at the beginning of Q3 2024[49] - Franchise restaurants permanently closed totaled 5 in Q3 2025, compared to 11 in Q3 2024[47] - The company acquired 12 Applebee's restaurants in May 2025, impacting the overall franchise count[45] - Domestic sales percentage change for franchise restaurants was -6.5% in Q3 2025, compared to -15.8% in Q3 2024[43]

Exhibit 99.1 FOR IMMEDIATE RELEASE: DATE: November 5, 2025 Investor Relations Media Relations CONTACT: Michael Pici CONTACT: Lori Lecker PHONE: 412-790-0792 PHONE: 412-248-8224 michael.pici@kennametal.com lori.lecker@kennametal.com Kennametal Announces Fiscal 2026 First Quarter Results PITTSBURGH, (November 5, 2025) – Kennametal Inc. (NYSE: KMT) (the "Company") today reported results for its fiscal 2026 first quarter ended September 30, 2025. "Our first quarter started off strong with share gains and modest ...

Financial Performance - Cinemark reported total revenue of $858 million for Q3 2025, a decrease of 7.0% compared to $921.8 million in Q3 2024[4] - Net income attributable to Cinemark for Q3 2025 was $49.5 million, down from $187.8 million in Q3 2024, resulting in diluted earnings per share of $0.40 compared to $1.19[5] - Adjusted EBITDA for Q3 2025 was $178 million, with a solid Adjusted EBITDA margin of 20.7%[3] - Cinemark's total revenue for the nine months ended September 30, 2025, increased by 4.6% to $2,338.7 million compared to $2,235.2 million in the same period of 2024[7] - Adjusted EBITDA for the three months ended September 30, 2025, was $177.6 million, down 19.4% from $220.5 million in 2024[23] - Total revenue for the three months ended September 30, 2025, was $857.5 million, a decrease of 6.9% compared to $921.8 million in the same period of 2024[21] Attendance and Revenue Sources - Cinemark entertained over 54 million guests in Q3 2025, achieving record-high domestic market share and significant gains in both the U.S. and Latin America[3] - Admissions revenue for the nine months ended September 30, 2025, increased by 4.0% to $1,160.9 million, while concession revenue increased by 4.6% to $924.8 million[7] - Average ticket price for the three months ended September 30, 2025, was $10.50, an increase of 5.2% compared to $9.98 in 2024[21] - The worldwide average ticket price was $7.93, and concession revenue per patron was $6.21 for Q3 2025[4] - Concession revenue per patron for the nine months ended September 30, 2025, was $6.22, an increase of 5.6% from $5.89 in 2024[23] Debt and Cash Management - The company successfully eliminated all remaining pandemic-related debt, including $460 million in convertible notes, and settled associated warrants[3] - Cinemark ended Q3 2025 with a strong cash balance of $461 million and generated $92 million in cash from operating activities[3] Capital Expenditures and Costs - Total capital expenditures for the three months ended September 30, 2025, were $53.4 million, up 24.0% from $43.0 million in 2024[23] - Film rentals and advertising costs for the nine months ended September 30, 2025, were $657.7 million, an increase of 5.4% from $623.9 million in 2024[23] - Salaries and wages for the nine months ended September 30, 2025, were $306.0 million, an increase of 4.9% from $294.1 million in 2024[23] Shareholder Returns - The Board of Directors authorized a new $300 million share repurchase program and increased the quarterly dividend by 12.5% to $0.09 per share[2] Other Revenue - Other revenue for the three months ended September 30, 2025, was $91.1 million, a decrease of 3.2% from $94.1 million in 2024[21] Attendance Trends - Attendance for the three months ended September 30, 2025, was 54.2 million, a decrease of 10.3% compared to 60.4 million in 2024[21]

Financial Performance - Revenue for Q3 2025 was $701.3 million, a 3.9% increase from $674.9 million in Q3 2024[5] - GAAP net loss for Q3 2025 was $(15.9) million, improving from a loss of $(18.5) million in Q3 2024[6] - Adjusted net income for Q3 2025 was $11.7 million, down from $20.7 million in Q3 2024, with diluted income per share of $0.12 compared to $0.23[6] - Adjusted EBITDA for Q3 2025 was $50.7 million, a decrease from $64.2 million in Q3 2024[6] - Year-to-date revenue for 2025 was $2,062.9 million, compared to $1,999.4 million in the same period of 2024[8] - The company raised its 2025 revenue guidance to a range of $2,700 million to $2,750 million[9] - Year-to-date adjusted net income for 2025 was $31.2 million, up from $13.5 million in the same period of 2024[10] - Year-to-date adjusted EBITDA for 2025 was $135.9 million, compared to $146.5 million for the same period of 2024[10] - Net loss for the nine months ended September 30, 2025, was $953.7 million, compared to a net loss of $267.3 million for the same period in 2024, indicating a significant increase in losses[26] - Adjusted EBITDA from continuing operations for the nine months ended September 30, 2025, was $135.9 million, down from $146.5 million in 2024, reflecting a decrease of about 7.3%[28] - Adjusted diluted EPS from continuing operations for the nine months ended September 30, 2025, was $0.34, compared to $0.15 for the same period in 2024[34] Asset and Liability Management - Total assets decreased from $3,579.2 million on December 31, 2024, to $2,742.1 million on September 30, 2025, representing a decline of approximately 23.4%[24] - Total liabilities decreased from $2,216.8 million on December 31, 2024, to $2,161.3 million on September 30, 2025, a reduction of approximately 2.5%[24] - The total current liabilities decreased from $949.5 million at the end of 2024 to $914.4 million at the end of September 2025, a decrease of about 3.7%[24] Impairment and Charges - The company experienced a non-cash goodwill impairment charge of $797.9 million recognized in prior quarters, impacting diluted loss per share by $(8.81)[10] - The company reported a significant impairment charge of $797.9 million related to goodwill and other assets during the nine months ended September 30, 2025[28] Cash Flow and Investments - Cash and cash equivalents increased from $118.5 million at the beginning of the period to $131.3 million at the end of the period, marking a net change of $12.8 million[26] - The company generated net cash provided by investing activities of $21.9 million for the nine months ended September 30, 2025, compared to $248.1 million in 2024[26] - Net cash used for operating activities for the nine months ended September 30, 2025, was $(15.6) million[41] - Capital expenditures for the same period totaled $(17.7) million[41] - Free cash flow for the nine months ended September 30, 2025, was $(33.3) million[41] Backlog and Book-to-Bill Ratio - Backlog as of September 30, 2025, was $7,644 million, with a book-to-bill ratio of 1.13x for the quarter[7] Foreign Exchange Impact - The company recorded a foreign exchange loss of $28.1 million for the nine months ended September 30, 2025[34]