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Medpace(MEDP) - 2025 Q3 - Quarterly Results
2025-10-22 20:15
Exhibit 99.1 Investor Contact: Lauren Morris 283-227-6409 l.morris@medpace.com FOR IMMEDIATE RELEASE Media Contact: Michael Maley 283-227-6367 m.maley@medpace.com Medpace Holdings, Inc. Reports Third Quarter 2025 Results CINCINNATI, OHIO, October 22, 2025-- Medpace Holdings, Inc. (Nasdaq: MEDP) ("Medpace") today announced financial results for the third quarter ended September 30, 2025. Third Quarter 2025 Financial Results Revenue for the three months ended September 30, 2025 increased 23.7% to $659.9 milli ...
First American(FAF) - 2025 Q3 - Quarterly Results
2025-10-22 20:15
Financial Performance - Total revenue for Q3 2025 was $1,978.9 million, up 41% compared to Q3 2024[5] - Net income for Q3 2025 was $189.6 million, compared to a net loss of $104.0 million in Q3 2024[5] - Adjusted net income for Q3 2025 was $174.9 million, up from $138.4 million in Q3 2024[5] - Total revenues for Q3 2025 reached $1,978.9 million, a 40.6% increase from $1,406.1 million in Q3 2024[30] - Net income attributable to the Company for Q3 2025 was $189.6 million, compared to a net loss of $104.0 million in Q3 2024[30] - Basic and diluted net income per share for Q3 2025 was $1.84, a significant improvement from a loss of $1.00 per share in Q3 2024[30] - For the nine months ended September 30, 2025, net income was $409.9 million, compared to $58.7 million for the same period in 2024[30] - Adjusted total revenues for Q3 2025 were $1,952.6 million, compared to $1,717.6 million in Q3 2024, reflecting a 13.7% growth[41] - Net income for Q3 2025 was $189.6 million, a significant recovery from a net loss of $104.0 million in Q3 2024[41] - Earnings per diluted share (EPS) for Q3 2025 was $1.84, compared to a loss of $1.00 per share in Q3 2024[41] Segment Performance - Title Insurance and Services segment total revenues were $1,835.9 million, up 42% year-over-year[9] - The Title Insurance and Services Segment reported total revenues of $1,835.9 million in Q3 2025, up from $1,290.3 million in Q3 2024, marking a 42.4% increase[45] - Adjusted pretax income for the Title Insurance and Services Segment was $236.8 million in Q3 2025, compared to $185.4 million in Q3 2024, representing a 27.7% increase[45] - Home Warranty segment total revenues were $114.6 million, up 3% from last year[19] - The Home Warranty Segment generated total revenues of $114.6 million in Q3 2025, slightly up from $110.9 million in Q3 2024[45] Revenue and Orders - Commercial revenues increased to $246 million, a 29% rise compared to the previous year[6] - Title orders opened in Q3 2025 totaled 191,300, up 15.2% from 166,100 in Q3 2024[30] - Direct premiums and escrow fees for Q3 2025 were $708.0 million, compared to $601.5 million in Q3 2024, reflecting an 17.7% increase[35] - Total open orders per day increased to 2,989 in Q3 2025, compared to 2,805 in Q2 2025, showing a positive trend in order volume[52] - Average revenue per order (ARPO) decreased to $3,801 in Q3 2025 from $4,112 in Q2 2025, reflecting changes in pricing or order mix[52] Financial Position - Total assets as of September 30, 2025, were $17,610.0 million, an increase from $14,908.6 million as of December 31, 2024[32] - Cash and cash equivalents increased to $2,911.5 million from $1,718.1 million year-over-year[32] - The debt-to-capital ratio was 33.0%, or 22.5% excluding secured financings payable of $1.1 billion[6] Shareholder Returns - The company declared cash dividends of $0.55 per share in Q3 2025, slightly up from $0.54 per share in Q3 2024[30] - The company repurchased 597,726 shares for a total of $34 million at an average price of $56.24[6] Tax and Costs - The effective tax rate for Q3 2025 was 23.1%[7] - Personnel costs for Q3 2025 were $574.9 million, up from $542.9 million in Q3 2024, indicating a 5.9% rise[35] Operational Efficiency - The success ratio improved to 62% in Q3 2025 from 60% in Q3 2024, indicating better operational efficiency[49]
Century munities(CCS) - 2025 Q3 - Quarterly Results
2025-10-22 20:15
Financial Performance - Deliveries totaled 2,486 homes, generating total revenues of $980.3 million, with home sales revenues of $955.2 million [3]. - Net income for the third quarter 2025 was $37.4 million, or $1.25 per diluted share, while adjusted net income was $45.7 million, or $1.52 per diluted share [4]. - Adjusted net income for the three months ended September 30, 2025, was $45.7 million, down 48.2% from $88.6 million in 2024, with adjusted diluted earnings per share of $1.52 compared to $2.77 [27]. - Net income for Q3 2025 was $37,403, a decrease of 54.9% compared to $83,020 in Q3 2024 [34]. - EBITDA for Q3 2025 was $69,724, down 47.3% from $132,307 in Q3 2024 [34]. - Adjusted EBITDA for Q3 2025 was $82,254, reflecting a 40.9% decline from $139,250 in Q3 2024 [34]. Home Deliveries and Sales - Home deliveries for the three months ended September 30, 2025, totaled 2,486 homes, a decrease of 12.3% compared to 2,834 homes in 2024, with an average sales price of $384.2 thousand, down 2.4% [21]. - Full year 2025 home delivery guidance was narrowed to a range of 10,000 to 10,250 homes, with home sales revenues expected to be between $3.8 billion and $3.9 billion [10]. - Total net new home contracts decreased by 6.9% year-over-year to 2,386 for the three months ended September 30, 2025, and by 7.1% to 7,624 for the nine months ended September 30, 2025 [20]. - The backlog as of September 30, 2025, was 1,117 homes valued at $416.9 million, representing a 29.3% decrease in homes and a 37.9% decrease in dollar value compared to 1,580 homes valued at $671.4 million in 2024 [23]. Financial Position and Equity - The company ended the quarter with $2.6 billion of stockholders' equity and $836 million of liquidity, including $174.8 million in cash [8]. - The book value per share reached a company record of $87.74 as of September 30, 2025 [8]. - Total stockholders' equity decreased to $2,578,022 as of September 30, 2025, down from $2,620,856 at the end of 2024 [38]. Debt and Margins - The adjusted homebuilding gross margin was 20.1%, consistent with the second quarter 2025 levels, while the overall homebuilding gross margin was 17.9% [6]. - The company reported a homebuilding gross margin of $171.4 million for the three months ended September 30, 2025, which is 17.9% of home sales revenues, down from 21.7% in 2024 [31]. - Homebuilding debt to capital ratio was 34.5%, and net homebuilding debt to net capital ratio was 31.4% [9]. - The ratio of net homebuilding debt to net capital increased to 31.4% as of September 30, 2025, compared to 27.4% at the end of 2024 [38]. - Total homebuilding debt rose to $1,355,219 as of September 30, 2025, up from $1,140,973 at the end of 2024 [38]. Inventory and Community Development - Lot inventory as of September 30, 2025, totaled 62,239 lots, a decrease of 22.3% from 80,121 lots in 2024, with owned lots increasing by 2.2% [24]. - The number of selling communities increased by 5.2% to 321 as of September 30, 2025, compared to 305 in 2024, with the West region seeing a 40.7% increase [22]. Other Financial Metrics - Financial services revenues were $19.4 million, with pre-tax income of $3.0 million for the third quarter [7]. - The company repurchased 296,903 shares of common stock for $20.0 million, reducing shares outstanding by 6% from the beginning of the year [4]. - Inventory impairment for Q3 2025 was $3,180, a significant increase of 131.6% from $1,373 in Q3 2024 [34]. - The company reported a loss on debt extinguishment of $1,361 in Q3 2025, with no comparable figure in Q3 2024 [34]. - Interest expense for Q3 2025 was $876, compared to an income of $(369) in Q3 2024, marking a 337.4% change [34]. - The company incurred restructuring costs of $1,505 during the nine months ended September 30, 2025, with no such costs reported in the prior period [34].
e Laboratories (CLB) - 2025 Q3 - Quarterly Results
2025-10-22 20:15
• REVENUE OF $134.5 MILLION, UP OVER 3% SEQUENTIALLY AND FLAT YEAR-OVER-YEAR FOR IMMEDIATE RELEASE CORE LAB REPORTS THIRD QUARTER 2025 RESULTS: Exhibit 99.1 HOUSTON (October 22, 2025) - Core Laboratories Inc. (NYSE: "CLB") ("Core", "Core Lab", or the "Company") reported third quarter 2025 revenue of $134,500,000. Core's operating income was $20,900,000, with earnings per diluted share ("EPS") of $0.30, all in accordance with U.S. generally accepted accounting principles ("GAAP"). Operating income, ex-items, ...
Raymond James Financial(RJF) - 2025 Q4 - Annual Results
2025-10-22 20:15
Financial Performance - Record net revenues of $3.73 billion for the fiscal fourth quarter, up 8% year-over-year and 10% sequentially[4] - Net income available to common shareholders for the fourth quarter was $603 million, or $2.95 per diluted share; adjusted net income was $635 million, or $3.11 per diluted share[4] - Annual net revenues reached $14.07 billion for fiscal 2025, a 10% increase from fiscal 2024, with earnings per diluted share of $10.30, up 6%[5] - Total revenues for the twelve months ended September 30, 2025, were $15,912 million, a 7% increase from $14,923 million in 2024[30] - Total revenues for the twelve months ended September 30, 2025, increased by 7% to $10,282 million compared to $9,578 million for the same period in 2024[45] - Total net revenues for the fiscal year ended September 30, 2025, increased by 10% to $14,065 million compared to $12,821 million for the previous year[39] Client Assets and Growth - Record client assets under administration of $1.73 trillion, with Private Client Group assets in fee-based accounts increasing by 15% year-over-year to $1.01 trillion[4] - Domestic Private Client Group net new assets for the fourth quarter totaled $17.9 billion, reflecting an annualized growth rate of 5.0%[4] - Client assets under administration reached $1,730.6 billion, marking a 10% increase from $1,571.1 billion year-over-year[32] - Private Client Group assets in fee-based accounts grew to $1,008.1 billion, a 15% increase from $875.2 billion year-over-year[32] - Domestic Private Client Group net new assets totaled $17,930 million, with an annualized growth rate of 5.0%[32] Investments and Acquisitions - Significant investments of approximately $1 billion in technology, including AI, to enhance service and deliver data-driven insights[3] - The recently announced acquisition of GreensLedge Holdings LLC is expected to close later in fiscal 2026, enhancing the capital markets business[13] Income and Expenses - Pre-tax income decreased by 4% to $731 million compared to $760 million in the prior year quarter, but increased by 30% from $563 million in the previous quarter[26] - Total non-interest expenses for the quarter were $2,996 million, an increase of 11% from $2,702 million in the prior year quarter[28] - Total non-interest expenses for the twelve months ended September 30, 2025, were $8,462 million, reflecting a 10% increase from $7,674 million in 2024[45] Equity and Capital Ratios - Annualized return on common equity for the fourth quarter was 19.6%, while the adjusted return on tangible common equity was 23.9%[5] - Total capital ratio at the end of the quarter was 24.1%, well above regulatory requirements[19] - Total common equity attributable to Raymond James Financial, Inc. rose to $12.4 billion, reflecting a 7% increase from $11.6 billion year-over-year[32] - Common equity tier 1 capital ratio remained stable at 22.9% compared to 22.6% year-over-year[32] Interest Income and Loans - Net interest income and RJBDP fees for the quarter were $653 million, a 4% decrease from $678 million year-over-year[33] - The bank segment reported a net interest income of $551 million for the quarter, compared to $532 million in the previous quarter[34] - Total bank deposits rose to $57,634 million, reflecting a cost of 2.68%, compared to $54,862 million at 3.40% in the previous quarter[34] - Bank loans, net, increased by 12% to $51.6 billion as of September 30, 2025, compared to $46.0 billion in 2024[58] Earnings Per Share - Basic earnings per share increased by 3% to $3.03 from $2.93 in the prior year quarter, and diluted earnings per share also rose by 3% to $2.95 from $2.86[26] - Adjusted diluted earnings per share for the twelve months ended September 30, 2025, was $10.66, up from $10.05 in the previous year, indicating a growth of 6.1%[65] - Adjusted basic earnings per share rose to $3.19 in Q4 2025, compared to $3.03 in Q4 2024, reflecting a year-over-year increase of 5.3%[65] Tax and Regulatory Compliance - The effective tax rate for the quarter was 17.4%, down from 20.8% in the same quarter of 2024[26] - Total criticized loans as of September 30, 2025, were $660 million, a decrease of 3% from $679 million in 2024[58] Miscellaneous - The firm returned over $1.5 billion to shareholders through common share repurchases and dividends in fiscal 2025[4] - The company experienced a $58 million reserve increase associated with a legal settlement, impacting the Capital Markets segment for both Q4 2025 and the twelve months ended September 30, 2025[71]
Vertiv(VRT) - 2025 Q3 - Quarterly Report
2025-10-22 20:14
Financial Performance - Net sales for Q3 2025 reached $2,675.8 million, a 29.0% increase from $2,073.5 million in Q3 2024, driven by higher sales volumes and positive foreign currency impacts[105]. - Net income for Q3 2025 was $398.5 million, a substantial increase of 125.7% from $176.6 million in Q3 2024, reflecting strong operational performance[104]. - Net sales for the third quarter of 2025 were $1,712.4 million, an increase of $513.8 million or 42.9% compared to the third quarter of 2024[114]. - For the first nine months of 2025, net sales reached $7,349.9 million, a 29.7% increase from $5,665.4 million in the same period of 2024[121]. - Asia Pacific net sales reached $1,527.2 million for the first nine months of 2025, an increase of $353.4 million or 30.1% compared to the same period in 2024, driven primarily by growth in India[133]. - Europe, Middle East & Africa net sales were $1,322.7 million, a $75.8 million increase or 6.1% from the prior year, positively impacted by foreign currency by approximately $36.6 million[135]. Profitability - Gross profit for Q3 2025 was $1,010.7 million, representing 37.8% of sales, compared to $756.4 million or 36.5% of sales in Q3 2024, indicating margin expansion due to product and service sales mix[107]. - Operating profit for the Americas segment in the third quarter of 2025 was $501.8 million, an increase of $198.4 million or 65.4% from the previous year[115]. - Operating profit for the Asia Pacific segment was $68.5 million, reflecting a 55.3% increase compared to the same period in 2024[117]. - Operating profit in Asia Pacific was $173.4 million, up $66.6 million or 62.4% year-over-year, with a margin increase to 11.4% from 9.1%[134]. - Operating profit in Europe, Middle East & Africa decreased to $266.4 million, down $27.8 million or 9.4%, with a margin decline to 20.1% from 23.6%[136]. - Gross profit for the first nine months of 2025 was $2,593.8 million, representing 35.3% of sales, compared to 36.4% in the prior year[124]. Expenses and Costs - Selling, general and administrative expenses (SG&A) increased to $414.3 million in Q3 2025, up $79.7 million from Q3 2024, with SG&A as a percentage of sales decreasing to 15.5% from 16.1%[108]. - Total corporate and other costs rose to $88.9 million in the third quarter of 2025, an increase of $43.9 million primarily due to restructuring costs[120]. - Selling, general and administrative expenses increased to $1,156.2 million, a 14.2% rise compared to the first nine months of 2024[125]. - Total corporate and other costs increased to $195.0 million in the first nine months of 2025, up $65.0 million primarily due to a $32.7 million rise in restructuring costs[137]. Cash Flow and Investments - Net cash provided by operating activities was $1,134.9 million, a $240.8 million increase or 26.9% compared to the first nine months of 2024[144]. - Net cash used for investing activities was $892.7 million, significantly higher than $120.7 million in the same period last year, driven by short-term investments and business acquisitions[146]. - Net cash used for financing activities decreased to $44.3 million from $640.4 million, primarily due to a $599.9 million reduction in common share repurchases[147]. - As of September 30, 2025, the company had $1,396.0 million in cash and cash equivalents and $544.6 million in short-term investments, with $782.8 million available under the ABL Revolving Credit Facility[142]. Strategic Initiatives - The company expanded its manufacturing capacity, doubling production for switchgear, busbar, and integrated solutions since late 2021, and opened new facilities in Pune, India, and Pelzer, South Carolina in 2024[103]. - The acquisition of Great Lakes for approximately $200 million, completed on August 20, 2025, enhances the company's capabilities in integrated infrastructure solutions for data centers[103]. - The company is investing in the expansion of its thermal management portfolio to meet growing demands driven by AI workloads, focusing on optimizing performance and power utilization[103]. - The company is actively pursuing a supply chain strategy to enhance resilience amid global trade and economic uncertainties, including regional sourcing and manufacturing capabilities[100]. Interest and Restructuring - Interest expense decreased to $22.8 million in Q3 2025, down 36.5% from $35.9 million in Q3 2024, reflecting improved financial management[104]. - Restructuring costs rose to $30.7 million in Q3 2025, a significant increase of 387.3% compared to $6.3 million in Q3 2024, indicating ongoing operational adjustments[104]. - Interest expense, net, decreased to $69.4 million in the first nine months of 2025, down $50.3 million or 42.0% from the previous year[128].
Churchill Downs rporated(CHDN) - 2025 Q3 - Quarterly Report
2025-10-22 20:14
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2025 (State or other jurisdiction of incorporation or organization) 600 North Hurstbourne Parkway, Suite 400 Louisville, Kentucky 40222 (Address of Principal Executive Offices) (Zip Code) OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the trans ...
Graco(GGG) - 2025 Q3 - Quarterly Report
2025-10-22 20:14
Financial Performance - Net sales for the third quarter of 2025 increased by 5% to $543.4 million, compared to $519.2 million in the same period of 2024[53] - Operating earnings rose by 13% to $164.7 million, while net earnings increased by 13% to $137.6 million for the third quarter[53] - The gross profit margin rate remained flat at 53.2% for the third quarter, despite higher product costs and lower margin rates from acquired operations[54][60] - Operating expenses decreased by 5% to $150.6 million, including a non-cash gain of $14 million from the reduction in fair value of acquisition-related contingent consideration[62] - The effective income tax rate was reported at 18.3% for the third quarter, with an adjusted effective tax rate of 20.4%[64] Sales by Region and Segment - Net sales in the Americas region were $341.0 million for the third quarter, with a 2% total growth driven by a 3% contribution from acquisitions[59] - The Contractor segment reported net sales of $262.4 million for the third quarter, with an operating margin rate of 26%[65] - Incremental sales from acquired operations contributed 6 percentage points to overall sales growth for the third quarter[54] - Industrial segment net sales increased by 1% for both the third quarter and year to date, with total sales of $238.6 million for the quarter and $712.5 million year to date[66] - Expansion Markets segment net sales rose by 3% for the third quarter and 4% year to date, totaling $42.4 million for the quarter and $124.5 million year to date[68] Operating Efficiency - Operating earnings as a percentage of net sales for the Industrial segment improved to 34% for the third quarter and year to date, up from 33% in the previous year[66] - Operating earnings as a percentage of net sales for the Expansion Markets segment increased to 25% for the third quarter, compared to 18% in the previous year[68] Cash Flow and Liquidity - Net cash provided by operating activities was $487 million in the first nine months of 2025, an increase of $51 million compared to the same period last year[69] - Significant cash uses included share repurchases of $361 million and dividend payments of $138 million in the first nine months of 2025[69] - As of September 26, 2025, the company had available liquidity of $1,399 million, including cash and cash equivalents of $619 million[71] Future Outlook and Risks - Capital expenditures for 2025 are expected to be approximately $50 to $60 million, with potential opportunistic share repurchases planned[72] - The company reaffirms its 2025 outlook of low single-digit sales growth on an organic constant-currency basis, supported by pricing actions and steady incoming order rates[73] - The company emphasizes the importance of considering various risk factors that may impact future results, including demand fluctuations and changes in currency rates[76] - The company anticipates that new tariffs will materially impact results in fiscal year 2025 if demand decreases or pricing strategies fail[52] - Higher product costs included increased tariff costs of $5 million for the quarter and $9 million year to date[60]
IBM(IBM) - 2025 Q3 - Quarterly Results
2025-10-22 20:13
Exhibit 99.1 IBM RELEASES THIRD-QUARTER RESULTS Acceleration in revenue growth and profit across all segments; Raises outlook for full-year revenue growth and free cash flow ARMONK, N.Y., October 22, 2025 . . . IBM (NYSE: IBM) today announced third-quarter 2025 earnings results. "This quarter we accelerated performance across all of our segments, and again exceeded expectations for revenue, profit and free cash flow. Clients globally continue to leverage our technology and domain expertise to drive producti ...
Alcoa(AA) - 2025 Q3 - Quarterly Results
2025-10-22 20:13
Exhibit 99.1 Alcoa Corporation Reports Third Quarter 2025 Results PITTSBURGH--(BUSINESS WIRE)--October 22, 2025--Alcoa Corporation (NYSE: AA; ASX: AAI) (Alcoa or the Company) today reported results for the third quarter 2025 that reflect increased production of alumina and aluminum, and one-time items. Financial Results and Highlights | M, except per share amounts | | 3Q25 | 2Q25 | 3Q24 | | --- | --- | --- | --- | --- | | Revenue | $ | 2,995 $ | 3,018 $ | 2,904 | | Net income attributable to Alcoa Corporati ...