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UFP Industries(UFPI) - 2025 Q3 - Quarterly Results
2025-10-29 20:09
Financial Performance - Net sales for Q3 2025 were $1.56 billion, a decrease of 5.4% compared to Q3 2024, driven by a 1% decrease in price and a 4% decline in organic units [3]. - Adjusted EBITDA for the quarter was $140 million, representing 9.0% of net sales, down from 10.0% in the previous year [4]. - Net earnings attributable to controlling interests were $75 million, a decline of 25.7% from $101 million in Q3 2024 [4]. - Total net sales for Year to Date 2025 reached $4,990,520, a decrease from $5,190,308 in Year to Date 2024, representing a decline of approximately 3.8% [24]. - Gross profit for Year to Date 2025 was $843,611, compared to $987,233 in Year to Date 2024, indicating a decrease of about 14.6% [24]. - Net earnings for Year to Date 2025 were $255,836, down from $348,950 in Year to Date 2024, reflecting a decline of approximately 26.7% [24]. - Adjusted EBITDA for the quarter ended September 2025 was $140,019, compared to $164,915 in the same quarter of 2024, a decrease of about 15.1% [26]. - Net earnings as a percentage of net sales for the quarter ended September 2025 was 4.8%, down from 6.2% in the same quarter of 2024 [26]. - Earnings from operations for Year to Date 2025 were $304,814, down from $412,783 in Year to Date 2024, a decline of about 26.2% [24]. Cost Management - The company plans to reduce structural costs by $60 million from 2024 levels by the end of 2026 [2]. - Selling, general and administrative expenses for Q3 2025 were $170,030, down from $183,341 in Q3 2024, a reduction of 7.2% [20]. - Selling, general and administrative expenses for Year to Date 2025 totaled $531,279, an increase from $578,555 in Year to Date 2024, indicating a decrease of approximately 8.2% [24]. - Depreciation expense increased to $101,574,000 in 2025 from $92,130,000 in 2024, an increase of 10.2% [30]. - The company incurred share-based compensation expenses of $27,906,000 in 2025, slightly up from $27,345,000 in 2024 [30]. Sales and Market Trends - New product sales accounted for 7.6% of total sales in the quarter [4]. - The company aims for 7-10% annual unit sales growth, with at least 10% of sales coming from new products [14]. - The company anticipates low single-digit unit declines across all segments for the remainder of 2025, with a more significant decline in residential construction markets [11]. - The Retail segment reported net sales of $593,985 in Q3 2025, down from $635,571 in Q3 2024, a decline of 6.0% [22]. - The Packaging segment's net sales were $394,949 in Q3 2025, slightly down from $401,626 in Q3 2024 [22]. - The Construction segment experienced a decrease in net sales to $496,465 in Q3 2025 from $534,625 in Q3 2024, a drop of 7.1% [22]. Profitability Metrics - Gross profit margin for Q3 2025 was 16.8%, down from 18.1% in Q3 2024, reflecting increased cost of goods sold [20]. - The company reported a gross profit margin of 16.6% for Year to Date 2025, compared to 19.0% for Year to Date 2024 [24]. - Interest and other expenses for the quarter ended September 2025 amounted to $(36,353), compared to $(14,184) in the same quarter of 2024, indicating an increase in expenses [26]. Shareholder Returns - UFP Industries repurchased approximately $350 million in company shares year to date in 2025 [4]. - The Board of Directors approved a quarterly cash dividend of $0.35 per share, reflecting a 6% year-over-year increase [13]. Asset and Liability Management - Total current assets decreased to $2,387,084,000 in 2025 from $2,613,525,000 in 2024, a decline of 8.6% [29]. - Cash and cash equivalents at the end of the period were $1,011,694,000, down from $1,191,568,000 in 2024, reflecting a decrease of 15.1% [30]. - Total liabilities and equity remained stable at $4,135,551,000 in 2025 compared to $4,217,885,000 in 2024 [29]. - The company reported a net cash from operating activities of $399,122,000 for 2025, down from $497,662,000 in 2024, a decrease of 19.8% [30]. - Inventories increased to $667,418,000 in 2025 from $645,429,000 in 2024, an increase of 3.8% [29]. - The company reported a net loss on sale, disposition, and impairment of assets of $3,812,000 in 2025, compared to a gain of $1,538,000 in 2024 [30]. Risk Factors - The company anticipates potential risks including fluctuations in currency, inflation, and supply chain challenges that could impact future performance [20].
Starbucks(SBUX) - 2025 Q4 - Annual Results
2025-10-29 20:08
Exhibit 99.1 Starbucks Reports Q4 and Full Fiscal Year 2025 Results Company Delivers Global Comparable Store Sales Growth for the First Time in Seven Quarters "Back to Starbucks" Strategy Building Momentum with Flat U.S. Comparable Store Sales in Q4 and September Turning Positive Q4 Consolidated Net Revenues Up 5% to $9.6 Billion Q4 GAAP EPS $0.12, Non-GAAP EPS $0.52 SEATTLE; October 29, 2025 – Starbucks Corporation (Nasdaq: SBUX) today reported financial results for its 13-week fiscal fourth quarter and 52 ...
NCS Multistage(NCSM) - 2025 Q3 - Quarterly Results
2025-10-29 20:08
NCS Multistage Holdings, Inc. 19350 State Highway 249, Suite 600 Houston, Texas 77070 PRESS RELEASE NCS MULTISTAGE HOLDINGS, INC. ANNOUNCES THIRD QUARTER 2025 RESULTS Third Quarter Results HOUSTON, October 29, 2025 – NCS Multistage Holdings, Inc. (Nasdaq: NCSM) (the "Company," "NCS," "we" or "us"), a leading provider of highly engineered products and support services that facilitate the optimization of oil and natural gas well construction, well completions and field development strategies, today announced ...
Climb Solutions(CLMB) - 2025 Q3 - Quarterly Results
2025-10-29 20:08
Exhibit 99.1 Dividend Climb Global Solutions Reports Third Quarter 2025 Results Net Sales up 35% to $161.3 Million, with Gross Billings up 8% to $504.6 Million EATONTOWN, N.J., October 29, 2025 – Climb Global Solutions, Inc. (NASDAQ:CLMB) ("Climb" or the "Company"), a value-added global IT channel company providing unique sales and distribution solutions for innovative technology vendors, is reporting results for the third quarter ended September 30, 2025. Third Quarter 2025 Summary vs. Same Year-Ago Quarte ...
STAG Industrial(STAG) - 2025 Q3 - Quarterly Report
2025-10-29 20:08
Economic Overview - In Q2 2025, U.S. real GDP growth increased by 3.8% after a decline of 0.5% in Q1 2025[153]. - Unemployment rose to 4.3% as of August 2025, up from 4.1% at the end of June 2025[153]. - The Federal Open Market Committee lowered the federal funds rate range by 25 basis points to 4.00-4.25% in September 2025[153]. Company Performance - Total net income for the total portfolio increased by approximately $6.9 million, or 16.2%, to approximately $49.6 million for the three months ended September 30, 2025 compared to approximately $42.7 million for the same period in 2024[186]. - Same store rental income increased by approximately $7.9 million, or 4.5%, to approximately $186.3 million for the three months ended September 30, 2025 compared to approximately $178.4 million for the same period in 2024[188]. - Same store lease income increased by approximately $7.0 million, or 4.8%, to approximately $152.4 million for the three months ended September 30, 2025 compared to approximately $145.4 million for the same period in 2024[189]. - Net income for the three months ended September 30, 2025, was $49,649,000, compared to $42,731,000 for the same period in 2024, representing a year-over-year increase of 16.5%[228]. - Net income for the total portfolio increased by $52.8 million, or 37.4%, to $194.1 million for the nine months ended September 30, 2025, compared to $141.3 million for the same period in 2024[205]. - Same store rental income increased by approximately $20.7 million, or 3.9%, to approximately $556.0 million for the nine months ended September 30, 2025, compared to approximately $535.2 million for the same period in 2024[207]. - Same store lease income rose by approximately $19.3 million, or 4.4%, to approximately $453.2 million for the nine months ended September 30, 2025, driven by an increase in rental income from new leases and renewals[208]. Rental and Leasing Activity - New leases totaled 596,845 square feet with a cash basis rent of $6.98 per square foot, reflecting a 35.0% change compared to previous leases[161]. - Renewal leases amounted to 1,557,344 square feet with a cash basis rent of $6.35 per square foot, showing a 24.2% change[161]. - Total weighted average cash rent for the operating portfolio was $6.53 per square foot, with a total of 2,154,189 square feet leased[161]. - Approximately 9.2% of total annualized base rental revenue is expected to expire between October 1, 2025, and September 30, 2026[165]. - Same store occupancy decreased by approximately 1.0% to 96.9% as of September 30, 2025, compared to 97.9% as of September 30, 2024[181]. Property Transactions - The company acquired 1,563,174 square feet across six buildings for a total purchase price of $171.7 million during the nine months ended September 30, 2025[170]. - Three buildings were sold during the nine months ended September 30, 2025, totaling approximately 0.6 million rentable square feet, with net proceeds of approximately $78.3 million[172]. - The company acquired 36 buildings consisting of approximately 7.2 million square feet and sold 13 buildings consisting of approximately 2.2 million square feet after January 1, 2024[195]. - Buildings acquired after January 1, 2024 contributed approximately $13.2 million to NOI for the three months ended September 30, 2025[195]. - Buildings acquired after January 1, 2024 contributed approximately $38.1 million to NOI for the nine months ended September 30, 2025, compared to $7.5 million for the same period in 2024[215]. Financial Metrics - Funds from Operations (FFO) attributable to common stockholders for the nine months ended September 30, 2025, was $360,820,000, up from $341,531,000 in 2024, reflecting a growth of 5.6%[228]. - Net Operating Income (NOI) for the nine months ended September 30, 2025, was $498,039,000, compared to $453,495,000 in 2024, indicating an increase of 9.8%[231]. - Net cash provided by operating activities increased by approximately $3.6 million to $358,921,000 for the nine months ended September 30, 2025, compared to $355,363,000 in 2024, a growth of 1.0%[233]. - Total other expenses increased approximately $2.0 million, or 0.8%, to approximately $264.7 million for the nine months ended September 30, 2025, mainly due to higher depreciation and amortization expenses[219]. - Total other income (expense) decreased approximately $10.3 million, or 20.8%, to approximately $39.3 million for the nine months ended September 30, 2025, primarily due to an increase in gains from the sales of rental property[221]. Debt and Liquidity - Total immediate liquidity as of September 30, 2025, was approximately $904.1 million, consisting of $17.3 million in cash and cash equivalents and $886.8 million available on the unsecured credit facility[240]. - Total indebtedness outstanding as of September 30, 2025, was $3,101,686,000, with a weighted average interest rate of 4.22%[243]. - The company has a net debt to real estate cost basis ratio of 37.9% as of September 30, 2025[258]. - The company has no preferred stock issued or outstanding as of September 30, 2025[261]. - The company has a maximum aggregate offering price of $750 million under its ATM common stock offering program, with $702.229 million available as of September 30, 2025[264]. - The company redeemed $75.0 million of Series G Unsecured Notes at a fixed interest rate of 4.10% on June 13, 2025[253]. - The company issued $350.0 million of Series O Unsecured Notes at a fixed interest rate of 5.50%, maturing on June 25, 2030[254]. - As of September 30, 2025, the company had $1,135.0 million of variable rate debt, with all but the unsecured credit facility fixed through interest rate swaps[277]. - The company entered into four interest rate swaps with an aggregate notional value of $300.0 million, fixing Daily SOFR at 3.09% effective February 5, 2026[273]. - The company is in compliance with all applicable financial covenants as of September 30, 2025[255]. - The company had letters of credit related to development projects totaling approximately $3.2 million as of September 30, 2025[275]. Market Trends - The company anticipates continued demand for industrial space driven by e-commerce growth and onshoring trends[154]. - Vacancy and availability rates are rising but remain near historical standards in many markets[155]. - The supply pipeline for industrial properties remains robust but is concentrated in very large warehouses[155]. - The company’s portfolio is diversified across geographies, tenant industries, and lease terms, which is expected to support competitive rental rates and strong occupancy[156]. - Future economic downturns could impair the ability to renew or re-lease space, affecting rental rates[159]. - The company’s rental income is primarily dependent on occupancy and rental rates from tenants[158]. - The top 20 markets accounted for 59.3% of total annualized base rental revenue, with Chicago, IL being the largest market at 8.1%[174]. - The top 20 tenant industries represented 82.0% of total annualized base rental revenue, with Air Freight & Logistics leading at 10.8%[176]. - The largest tenant, Amazon, accounted for 2.8% of total annualized base rental revenue, with a total of 7 leases[178].
Meta Platforms(META) - 2025 Q3 - Quarterly Results
2025-10-29 20:08
Meta Reports Third Quarter 2025 Results MENLO PARK, Calif. – October 29, 2025 – Meta Platforms, Inc. (Nasdaq: META) today reported financial results for the quarter ended September 30, 2025. "We had a strong quarter for our business and our community," said Mark Zuckerberg, Meta founder and CEO. "Meta Superintelligence Labs is off to a great start and we continue to lead the industry in AI glasses. If we deliver even a fraction of the opportunity ahead, then the next few years will be the most exciting peri ...
Boot Barn(BOOT) - 2026 Q2 - Quarterly Results
2025-10-29 20:08
For the quarter ended September 27, 2025 compared to the quarter ended September 28, 2024: John Hazen, Chief Executive Officer, commented, "We delivered another strong quarter with high single-digit consolidated same-store sales growth and 19% total sales growth, demonstrating the continued resilience and broad appeal of our brand. This strength was evident across all major merchandise categories and geographies, with both our retail stores and e-commerce channels performing well. Importantly, we expanded o ...
Criteo S.A.(CRTO) - 2025 Q3 - Quarterly Report
2025-10-29 20:08
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 for the quarterly period ended September 30, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 for the transition period from _________ to _________ Commission file number: 001-36153 Criteo S.A. (Exact name of registrant as specified in its charter) | France | | | Not Applicable ...
Vanda Pharmaceuticals(VNDA) - 2025 Q3 - Quarterly Results
2025-10-29 20:08
Sales Performance - Total net product sales reached $56.3 million in Q3 2025, an 18% increase from $47.7 million in Q3 2024[6] - Fanapt sales increased by 31% to $31.2 million in Q3 2025 compared to $23.9 million in Q3 2024[5] - HETLIOZ sales were $18.0 million in Q3 2025, a slight increase of 1% from $17.9 million in Q3 2024[6] - PONVORY sales grew by 20% to $7.0 million in Q3 2025 compared to $5.9 million in Q3 2024[6] - Total revenues for Q3 2025 reached $56.258 million, a 18% increase from $47.651 million in Q3 2024[21] - Net product sales for Fanapt® were $31.245 million, up 30% from $23.919 million in the same quarter last year[21] Financial Losses - Net loss for Q3 2025 was $22.6 million, compared to a net loss of $5.3 million in Q3 2024[11] - The net loss for Q3 2025 was $22.586 million, compared to a net loss of $5.324 million in Q3 2024[21] - The company reported a loss before income taxes of $28.390 million for Q3 2025, compared to a loss of $6.244 million in Q3 2024[21] Cash and Assets - Cash and cash equivalents totaled $293.8 million as of September 30, 2025, a decrease of $31.8 million from June 30, 2025[6] - Total current assets decreased to $367.496 million from $438.890 million as of December 31, 2024[23] - Cash and cash equivalents declined to $70.022 million from $102.316 million at the end of 2024[23] - Total liabilities increased to $135.141 million, up from $117.658 million at the end of 2024[23] - The accumulated deficit rose to $253.579 million from $174.292 million as of December 31, 2024[23] Research and Development - Research and development expenses increased to $22.563 million, a 35% rise compared to $16.776 million in Q3 2024[21] Future Guidance and Milestones - Vanda expects total revenues for 2025 to be revised to $210 to $230 million, down from the previous guidance of $210 to $250 million[13] - The PDUFA target action date for the Tradipitant NDA for motion sickness is December 30, 2025[5] - The PDUFA target action date for the Bysanti NDA for bipolar I disorder and schizophrenia is February 21, 2026[5] - A clinical study of Tradipitant in preventing vomiting induced by Wegovy is complete, with results expected in Q4 2025[10] Shares Outstanding - Weighted average shares outstanding remained stable at approximately 59.1 million for both basic and diluted calculations[21]
Rogers (ROG) - 2025 Q3 - Quarterly Results
2025-10-29 20:08
Financial Performance - Net sales for Q3 2025 were $216.0 million, a 6.5% increase compared to Q2 2025[4] - Net income for Q3 2025 was $8.6 million, compared to a net loss of $(73.6) million in Q2 2025[3] - Adjusted earnings per diluted share were $0.90, compared to $0.34 in the prior quarter[5] - Total net sales for Q3 2025 were $216.0 million, an increase from $210.3 million in Q3 2024[20] - The company expects GAAP earnings per diluted share for Q4 2025 to be between $0.00 and $0.40, with adjusted earnings per diluted share guidance of $0.40 to $0.80[22] Sales Growth - Advanced Electronics Solutions (AES) net sales increased by 5.2%, driven by higher EV/HEV and wireless infrastructure sales[4] - Elastomeric Material Solutions (EMS) net sales rose by 8.7%, primarily from stronger portable electronics and aerospace sales[4] Margins and Efficiency - Gross margin improved to 33.5%, up 190 basis points sequentially[7] - Adjusted EBITDA for Q3 2025 was $37.2 million, an increase of 5.7% from $35.2 million in Q3 2024[19] - Adjusted EBITDA margin for Q3 2025 was 17.2%, up from 16.7% in Q3 2024, indicating improved operational efficiency[20] Cash Flow and Expenditures - Ending cash and cash equivalents increased to $167.8 million, up $10.6 million from the prior quarter[6] - Free cash flow for Q3 2025 was $21.2 million, a decrease of 15.9% from $25.2 million in Q3 2024[21] - Net cash provided by operating activities for Q3 2025 was $28.9 million, compared to $42.4 million in Q3 2024[21] - Capital expenditures for 2025 are expected to be between $30 million and $40 million[8] Future Projections - The company expects Q4 2025 net sales to be between $190 million and $205 million[8] - Projected gross margin for Q4 2025 is between 30.0% and 32.0%[8] Adjustments and Costs - Total adjustments to GAAP earnings per diluted share in Q3 2025 amounted to $0.41, primarily due to restructuring and related costs[17] - The company reported intangible amortization of $2.8 million in Q3 2025, slightly down from $3.1 million in Q3 2024[19]