Financial Performance - Net income for Q3 2025 was $18.6 million, or $0.69 per diluted share, compared to $18.3 million, or $0.67 in the prior quarter, and $13.3 million, or $0.49 in the same quarter last year[2]. - Adjusted net income (non-GAAP) for Q3 2025 was $19.7 million, or $0.73 per diluted share, excluding $1.5 million in pre-tax expenses related to operations center consolidation[4]. - Net income for Q3 2025 reached $18,574,000, reflecting a slight increase from $18,271,000 in Q2 2025 and a significant rise of 39.5% compared to $13,305,000 in Q3 2024[31]. - Basic earnings per share for Q3 2025 was $0.69, up from $0.68 in Q2 2025 and $0.49 in Q3 2024, marking a year-over-year increase of 40.8%[31]. - GAAP net income for Q3 2025 was $18,574,000, up from $13,305,000 in Q3 2024, representing a 39.5% increase[50]. - Adjusted net income (non-GAAP) for Q3 2025 was $19,741,000, compared to $15,667,000 in Q3 2024, reflecting a 25.5% growth[50]. Asset and Loan Growth - Total loans reached $5.37 billion, an increase of $77.4 million, or 1.5% from the prior quarter[4][12]. - Total loans, net of deferred fees and costs, increased to $5,367,202,000 in Q3 2025 from $5,289,809,000 in Q2 2025[35]. - Total assets as of September 30, 2025, were $7,421,478,000, a slight increase from $7,369,567,000 in Q2 2025[35]. - Total loans, net of allowance for credit losses, were $5,306,809 thousand, an increase from $5,230,198 thousand in the previous quarter[40]. - Commercial and industrial loans in Hawaii increased to $464,797 thousand from $455,372 thousand in the previous quarter[40]. - Residential mortgage loans totaled $1,839,535 thousand, a decrease from $1,851,690 thousand in the previous quarter[40]. Deposit and Equity Changes - Total deposits were $6.58 billion, up $32.7 million, or 0.5% from the prior quarter[4][13]. - Total deposits reached $6,577,684 thousand, an increase from $6,544,989 thousand at the end of the previous quarter, marking a growth of 0.5%[36]. - Total shareholders' equity increased to $588.1 million, up from $568.9 million in the prior quarter[17]. - Total equity rose to $588,066 thousand, compared to $568,874 thousand at June 30, 2025, indicating a 3.4% increase[36]. - Total equity as of September 30, 2025, was $588,066,000, an increase from $543,725,000 as of September 30, 2024[53]. Efficiency and Profitability Ratios - The efficiency ratio was 62.84%, compared to 60.36% in the prior quarter; adjusted efficiency ratio (non-GAAP) was 60.81%[9]. - The efficiency ratio (non-GAAP) improved to 62.84% for the three months ended September 30, 2025, compared to 70.12% in the same period last year[48]. - Return on average assets (ROA) for Q3 2025 was 1.01%, slightly up from 1.00% in Q2 2025, demonstrating effective asset utilization[31]. - Return on average assets (ROA) was 1.01% for the three months ended September 30, 2025, up from 0.72% in the same period last year[48]. - Return on average equity (ROE) increased to 12.89% for the three months ended September 30, 2025, compared to 10.02% in the same period last year[48]. - Adjusted ROA (non-GAAP) for Q3 2025 was 1.08%, up from 0.85% in Q3 2024, showing improved asset utilization[52]. - Adjusted ROE (non-GAAP) for Q3 2025 was 13.67%, compared to 11.75% in Q3 2024, indicating stronger returns on equity[52]. Credit Quality and Loss Provisions - The provision for credit losses was $4.2 million, down from $5.0 million in the prior quarter, reflecting lower net charge-offs[6]. - The allowance for credit losses was $60,393 thousand, slightly up from $59,611 thousand in the previous quarter, indicating a 1.3% increase[36]. - Total nonperforming assets (NPAs) stood at $15,827 thousand, down from $16,959 thousand in the previous quarter, indicating improved asset quality[42]. - The ratio of total nonaccrual loans to total loans was 0.27% as of September 30, 2025, compared to 0.28% in the previous quarter[42]. - Provision for credit losses in Q3 2025 was $4,157,000, a decrease from $4,987,000 in Q2 2025, showing a reduction of 16.66%[37]. - Total charge-offs for the three months ended September 30, 2025, were $3,895 thousand, a decrease from $5,722 thousand in the previous quarter[43]. Dividend Information - The Board of Directors approved a quarterly cash dividend increase to $0.28 per share, representing a 3.7% increase from the previous quarter[20]. - The dividend declared per share was $0.27 for Q3 2025, consistent with the previous quarter and reflecting a stable dividend policy[31]. - Cash dividends declared in Q3 2025 remained steady at $0.27, consistent with Q2 2025[37].

Financial Performance - Third quarter 2025 consolidated sales decreased by 19% to $130.9 million compared to the prior-year period, primarily due to declines in brown goods sales[4] - Consolidated gross profit decreased by 25% to $49.4 million, with gross margin declining by 300 basis points to 37.8%[5] - Adjusted EBITDA decreased by 29% to $32.3 million for the third quarter[5] - Net income decreased by 35% to $15.4 million, with adjusted net income down 36% to $18.5 million[5] - The company reported an adjusted non-GAAP net income of $18,516 thousand for the quarter ended September 30, 2025, compared to $23,862 thousand for the same quarter in 2024, a decrease of 22.5%[23] - For the quarter ended September 30, 2025, MGP Ingredients reported a net income of $15,429,000, compared to $23,862,000 in the same quarter of 2024, reflecting a decrease of 35%[25] - Adjusted EBITDA for the quarter was $32,255,000, down from $45,654,000 in the prior year, representing a decline of 29%[25] Segment Performance - Ingredient Solutions segment sales increased by 9% to $29.3 million, driven by higher sales of specialty and commodity wheat proteins[10] - Branded Spirits segment sales decreased by 3% to $60.7 million, while premium plus sales increased by 3%[7] - Distilling Solutions segment sales decreased by 43% to $40.9 million, with gross profit down 50% to $14.2 million[8] - Total branded spirits sales decreased by 3% to $60,748,000 in Q3 2025 from $62,624,000 in Q3 2024, with a gross margin improvement to 53.0% from 51.8%[31] - Distilling solutions sales saw a significant decline of 43%, falling to $40,881,000 from $71,919,000 year-over-year, with gross profit dropping by 50%[31] - Ingredient solutions sales increased by 9% to $29,283,000, with specialty wheat proteins growing by 15% to $8,905,000[31] - Year-to-date branded spirits sales decreased by 4% to $169,495,000 compared to $176,811,000 in the previous year[32] - Operating income for the branded spirits segment increased by 100% to $14,751,000 in Q3 2025, up from $7,391,000 in Q3 2024[31] Cash Flow and Capital Expenditures - Year-to-date operating cash flows increased by 26% to $92.5 million, reflecting strong cash generation efforts[5] - Year-to-date capital expenditures declined by 42% to $25.4 million compared to the prior-year period[5] - Net cash provided by operating activities increased to $92,449 thousand for the year to date ended September 30, 2025, compared to $73,512 thousand for the same period in 2024, reflecting a growth of 25.7%[22] - The company incurred $40,674 thousand in additions to property, plant, and equipment for the year to date ended September 30, 2025, down from $52,850 thousand in 2024, a decrease of 23.0%[22] Balance Sheet and Equity - Total assets decreased to $1,377,033 thousand as of September 30, 2025, down from $1,405,785 thousand at December 31, 2024, representing a decline of approximately 2.0%[21] - Total current liabilities rose significantly to $183,931 thousand as of September 30, 2025, compared to $92,450 thousand at December 31, 2024, marking an increase of 99.0%[21] - Net income for the year to date ended September 30, 2025, was $26,799 thousand, a decrease of 64.9% compared to $76,463 thousand for the same period in 2024[22] - Total equity increased to $853,539 thousand as of September 30, 2025, compared to $832,543 thousand at December 31, 2024, an increase of 2.5%[21] Debt and Financing - MGP Ingredients' total debt stood at $268,723,000, with cash and cash equivalents of $13,447,000 as of September 30, 2025[29] - The principal amount of the bonds outstanding is $201,250,000 for both 2025 and 2024[33] - The conversion price for the bonds is set at $96.23620 per share[33] - The number of bonds outstanding is 201,250, calculated by dividing the principal amount by the par value of $1,000[33] - The impact of conversion is zero as the average share price is below the conversion price[35] - The average share price for the quarter ended September 30, 2025, is $28.99063, while for 2024 it was $82.66859[33] - The average share price for the year to date ended September 30, 2025, is $30.67755 compared to $82.41075 for 2024[33] - The Convertible Senior Notes would only have a dilutive impact if the average market price per share exceeds the conversion price[35] - The conversion premium in shares is zero since the average share price is less than the conversion price[35] Guidance - The company updated its full-year adjusted EBITDA guidance to a range of $110 million to $115 million and adjusted EPS to $2.60 to $2.75[2]

Financial Performance - Revenue for Q3 2025 was $960 million, an 18% increase year-over-year[4] - Net earnings reached $72 million, up 26% compared to Q3 2024[5] - Adjusted EBITDA was $117 million, reflecting a 17% year-over-year growth[5] - Adjusted diluted EPS for Q3 2025 was $0.29, a 21% increase from the previous year[5] - Revenues for Q3 2025 reached $960 million, a 18.2% increase from $812 million in Q3 2024[27] - Gross profit for Q3 2025 was $222 million, up 24.0% from $179 million in Q3 2024[27] - Net earnings for the nine months ended September 30, 2025, were $176 million, compared to $124 million for the same period in 2024, reflecting a 42.0% increase[27] - Adjusted Net Earnings for Q3 2025 were $78 million, compared to $64 million in Q3 2024, reflecting a 21.9% increase[38] - Diluted EPS rose to $0.26 in Q3 2025, up from $0.21 in Q3 2024, marking a 23.8% increase[38] - For the nine months ended September 30, 2025, net earnings reached $176 million, compared to $124 million in the same period of 2024, a 42% increase[38] - Adjusted Diluted EPS for the nine months ended September 30, 2025, was $0.73, compared to $0.56 in the same period of 2024, reflecting a 30.4% increase[38] Cash Flow and Investments - Cash flow from operating activities was $107 million, with free cash flow of $77 million for the quarter[8] - Cash and cash equivalents decreased to $309 million as of September 30, 2025, from $598 million at the beginning of the year[30] - The company reported a net cash used in operating activities of $59 million for the nine months ended September 30, 2025, an improvement from $172 million in the same period of 2024[30] - Free Cash Flow for Q3 2025 was $77 million, compared to $48 million in Q3 2024, indicating a 60.4% increase[40] - Free Cash Flow for the nine months ended September 30, 2025, was negative $149 million, an improvement from negative $226 million in the same period of 2024[40] - The company invested $15 million in Hoverfly Technologies, increasing its stake to approximately 25%[10] Guidance and Future Outlook - The company revised its 2025 revenue guidance to $3.550 billion - $3.600 billion[15] - Bookings totaled $1.3 billion with a book-to-bill ratio of 1.4x, indicating strong demand[5] - Backlog increased by 8% year-over-year to a record $8.9 billion[12] Capital Expenditures - The company incurred capital expenditures of $90 million for the nine months ended September 30, 2025, compared to $56 million in the same period of 2024[30] - Capital expenditures in Q3 2025 were $30 million, up from $12 million in Q3 2024, representing a 150% increase[40] Dividends and Stockholder Equity - A cash dividend of $0.09 per share was declared, payable on December 2, 2025[9] - Total stockholders' equity rose to $2,648 million as of September 30, 2025, up from $2,557 million at the end of 2024[29]

Financial Performance - Boeing reported third quarter revenue of $23.3 billion, a 30% increase from $17.8 billion in the same quarter of 2024, driven by 160 commercial deliveries[1] - The company recorded an operating cash flow of $1.1 billion, a significant improvement from a negative cash flow of $1.3 billion in Q3 2024[4] - Total revenues for the nine months ended September 30, 2025, increased to $65,515 million, up 27.7% from $51,275 million in 2024[22] - Total revenues for Q3 2025 reached $23,270 million, compared to $17,840 million in Q3 2024, representing a 30.5% increase[34] - Net loss attributable to Boeing common shareholders for the nine months ended September 30, 2025, was $6,244 million, an improvement from a net loss of $7,952 million in 2024[22] - Basic loss per share improved to ($8.25) for the nine months ended September 30, 2025, compared to ($12.91) in 2024[22] - The core operating loss (non-GAAP) for Q3 2025 was $5,049 million, an improvement from a loss of $5,989 million in Q3 2024[34] - The core loss per share (non-GAAP) for Q3 2025 was $7.47, compared to $10.44 in Q3 2024, reflecting a reduction of 28.5%[34] - The operating margins (GAAP) improved to (20.5)% in Q3 2025 from (32.3)% in Q3 2024[34] - The core operating margins (non-GAAP) improved to (8.1)% for the nine months ended September 30, 2025, compared to (15.2)% in the same period of 2024[37] Backlog and Deliveries - Total company backlog reached $636 billion, including over 5,900 commercial airplanes, indicating strong future demand[1] - Boeing secured 161 net orders in the quarter, including significant orders for 787 and 737 airplanes, contributing to a robust backlog[8] - Total backlog for the company as of September 30, 2025, was $635,688 million, up from $521,336 million as of December 31, 2024, indicating a 21.9% increase[31] - The total backlog for Defense, Space & Security increased to $76,084 million in 2025 from $64,023 million in 2024, a growth of 18.5%[31] - Deliveries of Commercial Airplanes totaled 440 units for the nine months ended September 30, 2025, compared to 291 units in the same period of 2024, a 51.2% increase[31] - The total deliveries for Defense, Space & Security were 94 units in Q3 2025, compared to 76 units in Q3 2024, marking an increase of 23.7%[31] Segment Performance - Defense, Space & Security segment revenues increased by 25% to $6.9 billion, with an operating margin of 1.7% compared to a loss in the same quarter last year[9] - Global Services segment revenues grew by 10% to $5.4 billion, with an operating margin of 17.5%, reflecting higher volume and favorable commercial mix[11] - The Defense, Space & Security segment reported revenues of $19,817 million for the nine months ended September 30, 2025, compared to $18,507 million in 2024, a 7.1% increase[29] Cash and Assets - The company maintains stable cash and investments in marketable securities at $23.0 billion, with consolidated debt slightly increasing to $53.4 billion[5] - Cash and cash equivalents decreased to $6,173 million as of September 30, 2025, down from $13,801 million at the end of 2024[25] - Total assets decreased to $150,023 million as of September 30, 2025, from $156,363 million at the end of 2024[25] - Total liabilities decreased slightly to $158,276 million as of September 30, 2025, from $160,277 million at the end of 2024[25] - Net cash used by operating activities improved to ($266) million for the nine months ended September 30, 2025, compared to ($8,630) million in 2024[27] Research and Development - Research and development expenses for the nine months ended September 30, 2025, totaled $2,651 million, a decrease from $2,976 million in 2024[29] Taxation - Boeing's effective tax rate for the quarter was -2.7%, indicating a tax benefit compared to a positive rate in the same quarter last year[13] Production Updates - The 737 program production stabilized at 38 per month, with an agreement to increase to 42 per month starting in October[2] - The 777X program faced a pre-tax earnings charge of $4.9 billion due to updated certification timing, impacting earnings significantly[3]

Exhibit 99.1 The Chefs' Warehouse Reports Third Quarter 2025 Financial Results Ridgefield, CT, October 29, 2025 - The Chefs' Warehouse, Inc. (NASDAQ: CHEF) (the "Company" or "Chefs'"), a premier distributor of specialty food products in the United States, the Middle East, and Canada, today reported financial results for its third quarter ended September 26, 2025. Financial highlights for the third quarter of 2025: "Business and demand trends improved sequentially through the third quarter and momentum in de ...

"Our operating performance this quarter was supported by broad-based strength across non-interest revenue streams," Hillebrand continued. "Highlighted by growth in our mortgage and brokerage businesses, our diversified sources of fee income continue to make meaningful contributions. While Wealth Management & Trust (WM&T) income declined compared to the prior-year quarter, assets under management increased for the second consecutive quarter following three quarters of decline. We are encouraged by the growth ...

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): October 29, 2025 WATSCO, INC. (Exact name of Registrant as Specified in Its Charter) (State or Other Jurisdiction of Incorporation) 2665 South Bayshore Drive Suite 901 Miami, Florida 33133 (Address of Principal Executive Offices) (Zip Code) Florida 1-5581 59-0778222 (Commission File Number) (IR ...

Financial Results - Watsco, Inc. reported financial results for the quarter and nine months ended September 30, 2025[7] - The press release detailing the financial results was issued on October 29, 2025[10] Company Information - The company is listed on the New York Stock Exchange under the symbols WSO and WSOB[5]

Exhibit 99.1 HOUSTON, October 29, 2025 (Globe Newswire) -- Chart Industries, Inc. (NYSE: GTLS) today reported results for the third quarter ended September 30, 2025. On July 28, 2025 Baker Hughes (NASDAQ: BKR) and Chart entered into a definitive agreement for Baker Hughes to acquire all outstanding shares of Chart's common stock for $210 per share in cash. In the third quarter, we recorded an expense of $266 million for the merger termination fee to Flowserve (NYSE: FLS), $258 million of which was paid by B ...

Revenue Performance - Revenue for the three months ended September 30, 2025, was $768.3 million, representing a year-over-year growth of 5.9% compared to $725.3 million in 2024[119] - For the nine months ended September 30, 2025, revenue reached $2,293.9 million, a 6.9% increase from $2,146.1 million in the same period of 2024[119] - Revenues for Q3 2025 were $768.3 million, a 5.9% increase from $725.3 million in Q3 2024, driven by a $35.2 million increase in underwriting revenue (6.9%) and a $7.8 million increase in claims revenue (3.6%) [123] - For the nine months ended September 30, 2025, revenues reached $2,293.9 million, up 6.9% from $2,146.1 million in the same period of 2024, with underwriting revenue increasing by $110.9 million (7.3%) and claims revenue by $36.9 million (5.8%) [135] EBITDA and Margins - EBITDA for the three months ended September 30, 2025, was $426.6 million, reflecting an 8.3% growth from $393.8 million in 2024[119] - The EBITDA margin for the nine months ended September 30, 2025, was calculated as EBITDA of $1,288.2 million against revenues of $2,293.9 million, indicating a margin improvement[119] - EBITDA for Q3 2025 was $426.6 million, with an EBITDA margin of 55.5%, up from $393.8 million and 54.3% in Q3 2024, reflecting revenue growth and cost discipline [133] - EBITDA for the nine months ended September 30, 2025 was $1,288.2 million, with an EBITDA margin of 56.2%, down from 59.3% in the prior year [147] Net Income - Net income for the three months ended September 30, 2025, was $225.5 million, a 2.5% increase from $220.0 million in 2024[119] - Net income for Q3 2025 was $225.5 million, a slight increase from $220.0 million in Q3 2024, while net income for the nine months ended September 30, 2025, was $711.1 million, down from $747.2 million in the same period of 2024[149] - For the nine months ended September 30, 2025, net income was $711.1 million, down 4.8% from $747.2 million in the same period of 2024, with a net income margin of 31.0% compared to 34.8% [146] Expenses - Personnel expenses accounted for approximately 56% of total operating expenses for the nine months ended September 30, 2025[113] - The cost of revenues for the three months ended September 30, 2025, was $229.5 million, a 2.7% increase from $223.4 million in 2024[119] - Selling, general and administrative expenses decreased by 3.0% to $110.6 million for the three months ended September 30, 2025, compared to $114.0 million in 2024[119] - Cost of revenues for Q3 2025 was $229.5 million, a 2.7% increase from $223.4 million in Q3 2024, with a net increase of $8.1 million attributed to IT expenses, salaries, and data costs [125] - Selling, general and administrative expenses decreased by 3.0% to $110.6 million in Q3 2025 from $114.0 million in Q3 2024, despite a net increase of $3.4 million from recent acquisitions [126] Cash Flow and Debt - Cash and cash equivalents totaled $2,108.7 million as of September 30, 2025, significantly up from $292.5 million at the end of 2024[150] - Net cash provided by operating activities increased by 36.2% to $403.5 million in Q3 2025 from $296.2 million in Q3 2024[159] - Total debt increased to $4,750 million as of September 30, 2025, up from $3,050 million at the end of 2024[153] - The company repurchased $400.2 million of its common stock during the nine months ended September 30, 2025, compared to $750.0 million in the same period of 2024[152] - The company entered into a $750.0 million Term Credit Agreement on August 15, 2025, to finance the acquisition of AccuLynx[156] - Net cash used in investing activities for Q3 2025 was $234.5 million, primarily due to acquisitions totaling $160.4 million[161] - Net cash provided by financing activities for Q3 2025 was $1,305.3 million, driven by proceeds from short-term debt issuance[163] Tax and Interest - The provision for income taxes for Q3 2025 was $76.6 million, with an effective tax rate of 25.3%, compared to $65.3 million and 22.9% in Q3 2024 [131] - Interest expense for Q3 2025 increased by 31.5% to $42.2 million from $32.1 million in Q3 2024, primarily due to new Senior Notes issuance [130] Management and Accounting - Management's discussion and analysis are based on condensed consolidated financial statements prepared in accordance with U.S. GAAP[167] - Management evaluates estimates related to acquisition purchase price allocations, revenue recognition, and goodwill[167] - No material changes to critical accounting policies and estimates since the last annual report on Form 10-K[167] - Market risks as of September 30, 2025, have not materially changed from those discussed in the previous annual report[168] Operational Efficiency - The company aims to grow its headcount while managing personnel expenses at a lower rate than revenue growth, indicating a focus on operational efficiency[115]