Workflow
Forward Air(FWRD) - 2024 Q4 - Annual Results
2025-01-06 14:04
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________ FORM 8-K ______________ CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 30, 2024 FORWARD AIR CORPORATION (Exact name of registrant as specified in its charter) | TN | | | | 62-1120025 | | --- | --- | --- | --- | --- | | (State or other jurisdiction of incorporation) | | | | (I.R.S. Employer Identification No.) | | 19 ...
Lucid (LCID) - 2024 Q4 - Annual Results
2025-01-06 14:03
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of Report (date of earliest event reported): January 6, 2025 Lucid Group, Inc. (Exact name of registrant as specified in its charter) Delaware 001-39408 85-0891392 (I.R.S. Employer Identification No.) (State or other jurisdiction of incorporation or organization) 7373 Gateway Boulevard Newark, CA 94560 (Address of Principal Executive Offi ...
fuboTV(FUBO) - 2024 Q4 - Annual Results
2025-01-06 13:46
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of report (Date of earliest event reported): January 6, 2025 FUBOTV INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation) (Commission File Number) Florida 001-39590 26-4330545 (IRS Employer Identification Number) 1290 Avenue of the Americas New York, NY 10104 (Address of principal execu ...
Lifeway Foods(LWAY) - 2024 Q4 - Annual Results
2025-01-06 13:25
LIFEWAY FOODS, INC. 8-K SIDLEY AUSTIN LLP ONE SOUTH DEARBORN STREET CHICAGO, IL 60603 +1 312 853 7000 +1 312 853 7036 FAX +1 312 853 7621 JDUCAYET@SIDLEY.COM January 6, 2025 By email Mr. Shane Grant Danone Deputy CEO President & CEO of Danone North America PBC CEO Americas and EVP Dairy, Plant-Based and Global Sales 1 Maple Avenue White Plains, NY 10605 Re: Danone's Letter Dated December 30, 2024 Dear Mr. Grant: On behalf of the board of directors ("Board") of Lifeway Foods, Inc. ("Lifeway" or the "Company" ...
CMC(CMC) - 2025 Q1 - Quarterly Results
2025-01-06 12:44
Exhibit No. 99.1 News Release CMC REPORTS FIRST QUARTER FISCAL 2025 RESULTS Irving, TX - January 6, 2025 - Commercial Metals Company (NYSE: CMC) today announced financial results for its fiscal first quarter ended November 30, 2024. First quarter net loss was ($175.7) million, or ($1.54) per diluted share, on net sales of $1.9 billion, compared to prior year period net earnings of $176.3 million, or $1.49 per diluted share, on net sales of $2.0 billion. During the first quarter of fiscal 2025, the Company r ...
Broadstone(BNL) - 2024 Q4 - Annual Results
2025-01-06 11:45
For Immediate Release January 6, 2025 Company Contact: Brent Maedl Director, Corporate Finance & Investor Relations brent.maedl@broadstone.com 585.382.8507 Broadstone Net Lease Adds $117.4 Million to its Committed Pipeline of Build-to-Suit Development Commitments and Schedules Fourth Quarter 2024 Earnings Release and Conference Call VICTOR, N.Y. – Broadstone Net Lease, Inc. (NYSE: BNL) ("Broadstone," "BNL," the "Company," "we," "our," or "us"), today announced it has added two new developments with an aggre ...
Horizon Bancorp(HBNC) - 2024 Q4 - Annual Results
2025-01-03 21:48
Earnings Release and Conference Call - Horizon Bancorp, Inc. will release its financial results for Q4 2024 after market close on January 22, 2025 [4] - Management will host a conference call to discuss Q4 2024 financial results on January 23, 2025, at 7:30 a.m. CT [4] - The press release regarding Q4 2024 earnings and conference call is attached as Exhibit 99.1 [5]
NIKE(NKE) - 2025 Q2 - Quarterly Report
2025-01-03 21:20
Revenue Performance - NIKE, Inc. revenues for Q2 fiscal 2025 were $12.4 billion, down 8% from $13.4 billion in Q2 fiscal 2024[79] - NIKE Direct revenues for Q2 fiscal 2025 were $5.0 billion, down 13% from $5.7 billion in Q2 fiscal 2024, representing 42% of total NIKE Brand revenues[79] - NIKE Brand wholesale revenues for Q2 fiscal 2025 were $6.9 billion, down 3% from $7.1 billion in Q2 fiscal 2024[79] - NIKE Brand footwear revenues for Q2 fiscal 2025 were $7.7 billion, down 11% from $8.6 billion in Q2 fiscal 2024[84] - NIKE Brand apparel revenues for Q2 fiscal 2025 were $3.7 billion, down 1% from $3.8 billion in Q2 fiscal 2024[84] - NIKE Brand equipment revenues for Q2 fiscal 2025 were $544 million, up 14% from $479 million in Q2 fiscal 2024[84] - Converse revenues for Q2 fiscal 2025 were $429 million, down 17% from $519 million in Q2 fiscal 2024[84] - NIKE, Inc. revenues for Q2 fiscal 2025 were $12.4 billion, a 9% decrease on a currency-neutral basis compared to $13.4 billion in Q2 fiscal 2024, driven by declines in North America, EMEA, Greater China, and Converse[88] - NIKE Brand footwear revenues decreased 12% on a currency-neutral basis in Q2 fiscal 2025, with unit sales down 7% and lower ASP reducing revenues by 5 percentage points[88] - NIKE Direct revenues for Q2 fiscal 2025 were $5.0 billion, a 14% decrease on a currency-neutral basis, with NIKE Brand Digital sales declining 21% and comparable store sales down 2%[88] - North America revenues for Q2 fiscal 2025 were $5.179 billion, an 8% decrease on a currency-neutral basis compared to $5.625 billion in Q2 fiscal 2024[104] - Converse revenues for Q2 fiscal 2025 were $429 million, a 17% decrease on a currency-neutral basis compared to $519 million in Q2 fiscal 2024[104] - Footwear revenues decreased by 14% to $3.236 billion in Q2 FY2025, with a 14% decline to $6.448 billion for the first six months of FY2025[107] - Apparel revenues increased by 1% to $1.693 billion in Q2 FY2025, with a 4% decline to $3.024 billion for the first six months of FY2025[107] - NIKE Direct revenues decreased by 15% to $2.313 billion in Q2 FY2025, with a 13% decline to $4.664 billion for the first six months of FY2025[107] - EMEA revenues decreased by 10% on a currency-neutral basis, with NIKE Direct revenues down 20% due to a 32% decline in digital sales[115] - Greater China revenues decreased by 8% to $1.711 billion in Q2 FY2025, with a 6% decline to $3.377 billion for the first six months of FY2025[117] - EMEA revenues decreased 11% on a currency-neutral basis, with NIKE Direct revenues down 17% due to a 29% decline in digital sales, partially offset by 2% comparable store sales growth[119] - Greater China revenues decreased 11% on a currency-neutral basis, with NIKE Direct revenues down 7% due to an 8% decline in comparable store sales and a 4% decline in digital sales[120] - APLA revenues decreased 2% on a currency-neutral basis, with NIKE Direct revenues down 4% due to an 8% decline in digital sales[125] - Converse revenues decreased 18% on a currency-neutral basis, with unit sales down 12% and ASP down 6% due to higher discounts[130] Gross Margin and Profitability - Gross margin for Q2 fiscal 2025 decreased by 100 basis points to 43.6%, primarily due to higher discounts and changes in channel mix[79] - Gross margin for Q2 fiscal 2025 was 43.6%, a 100 basis points decrease compared to 44.6% in Q2 fiscal 2024, primarily due to lower NIKE Brand ASP and higher other costs[88][95] - Gross margin in North America was flat, impacted by lower ASP due to product mix, channel mix changes, and higher discounts[111] - Gross margin expanded by 140 basis points in EMEA, primarily due to lower product costs and reduced warehousing and logistics expenses[119] - Gross margin contracted by approximately 200 basis points due to lower ASP, higher logistics costs, and unfavorable foreign currency exchange rates[134] Expenses and Costs - Total selling and administrative expenses for Q2 fiscal 2025 were $4.005 billion, a 3% decrease compared to $4.146 billion in Q2 fiscal 2024, with operating overhead expenses down 5%[90][93] - Selling and administrative expenses decreased by 2% primarily due to lower operating overhead expenses[134] - Corporate loss before interest and taxes decreased 6% to $565 million, primarily due to unallocated general and administrative expenses[131] - Global Brand Divisions' loss before interest and taxes decreased 3% due to lower operating overhead expense, partially offset by higher demand creation expense[126] - Corporate's loss before interest and taxes increased by $30 million in Q2 FY2025 compared to Q2 FY2024[134] - Corporate's loss before interest and taxes decreased by $79 million in the first six months of FY2025 compared to the same period in FY2024[134] Regional Performance - North America EBIT decreased by 10% to $1.371 billion in Q2 FY2025, with a 13% decline to $2.587 billion for the first six months of FY2025[106] - Europe, Middle East & Africa EBIT decreased by 10% to $831 million in Q2 FY2025, with a 13% decline to $1.623 billion for the first six months of FY2025[106] - Greater China EBIT decreased by 27% to $375 million in Q2 FY2025, with a 16% decline to $877 million for the first six months of FY2025[106] - Total NIKE Brand EBIT decreased by 18% to $1.904 billion in Q2 FY2025, with a 19% decline to $3.589 billion for the first six months of FY2025[106] - Footwear revenues decreased 12% on a currency-neutral basis in EMEA, with unit sales down 12% and ASP per pair flat[119] - Apparel revenues decreased 10% on a currency-neutral basis in EMEA, with unit sales down 11% and higher ASP contributing 1 percentage point of growth[119] - Greater China footwear revenues decreased 14% on a currency-neutral basis, with unit sales down 9% and lower ASP reducing revenues by 5 percentage points[120] Cash Flow and Shareholder Returns - NIKE returned approximately $1.6 billion to shareholders in Q2 fiscal 2025 through share repurchases and dividends[79] - Cash provided by operations was $1,443 million in the first six months of FY2025, down from $2,751 million in the same period of FY2024[144] - Cash used in investing activities was $240 million in the first six months of FY2025, compared to an inflow of $875 million in the same period of FY2024[145] - Cash used in financing activities was $3,070 million in the first six months of FY2025, slightly lower than $3,151 million in the same period of FY2024[146] - The company repurchased 27.9 million shares for $2,254 million in the first six months of FY2025 under its $18 billion share repurchase program[147] - As of November 30, 2024, the company had $9.8 billion in cash and equivalents and short-term investments[152] - Obligations under endorsement contracts totaled $15.9 billion as of November 30, 2024, with $1.9 billion payable within 12 months[154] Inventory and Other Financial Metrics - Inventories as of November 30, 2024, were $8.0 billion, a 6% increase compared to May 31, 2024[79] - Other (income) expense, net decreased to $8 million in Q2 fiscal 2025 from $75 million in Q2 fiscal 2024, primarily due to unfavorable foreign currency conversion gains and losses[96][97] - Effective tax rate for the first six months of fiscal 2025 was 18.7%, compared to 15.2% in the same period of fiscal 2024, due to one-time benefits in fiscal 2024[100][101]
CytoSorbents(CTSO) - 2024 Q4 - Annual Results
2025-01-03 21:20
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported): January 3, 2025 Securities registered pursuant to Section 12(b) of the Act: CYTOSORBENTS CORPORATION (Exact name of registrant as specified in its charter) Delaware 001-36792 98-0373793 (Commission File Number) (I.R.S. Employer Identification No.) (State or other jurisdiction of incorporation) 3 ...
Integral Ad Science (IAS) - 2024 Q4 - Annual Results
2025-01-03 21:13
CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (date of earliest event reported): January 2, 2025 INTEGRAL AD SCIENCE HOLDING CORP. (Exact name of registrant as specified in its charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K Delaware 001-40557 83-0731995 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 12 E 49th Street, 20th Floor New York, NY 10017 (Addre ...