Paylocity Holding(PCTY) - 2026 Q2 - Quarterly Results
2026-02-05 21:06
Exhibit 99.1 press release Paylocity Announces Second Quarter Fiscal Year 2026 Financial Results SCHAUMBURG, IL. – February 5, 2026 – Paylocity Holding Corporation (Nasdaq: PCTY), a leading provider of cloud-based HR, Finance, and IT solutions, today announced financial results for the second quarter of fiscal year 2026, which ended December 31, 2025. "The momentum seen in Q1 continued into the second quarter and contributed to a strong selling season performance and increased revenue and profitability guid ...
Flowserve(FLS) - 2025 Q4 - Annual Results
2026-02-05 21:06
Financial Performance - Fourth quarter bookings reached $1.2 billion, with aftermarket growth of 10% to over $680 million[4] - Full year bookings totaled $4.7 billion, including approximately $400 million in nuclear awards[4] - Fourth quarter adjusted operating margin improved to 16.8%, a 420 basis points increase year-over-year[4] - Full year cash from operations was $506 million, with $365 million returned to shareholders through dividends and share repurchases[4] - Fourth quarter reported EPS was ($0.23), while adjusted EPS was $1.11, reflecting a 58.6% increase year-over-year[4][6] - The company reported a total sales increase to $4.73 billion for the year ended December 31, 2025, compared to $4.56 billion in 2024[25] - Net earnings attributable to Flowserve Corporation increased to $346.2 million in 2025, up from $282.8 million in 2024[25] - The effective tax rate for the year ended December 31, 2025, was 29.6%, with diluted EPS reported at $2.64[26] - Adjusted earnings for the year were $476,158 thousand, with an adjusted EPS of $3.64[26] - The company reported a loss on asbestos divestiture of $140,092 thousand, impacting net earnings significantly[26] Guidance and Future Projections - The company initiated 2026 guidance with total sales growth projected at 5% to 7% and adjusted EPS between $4.00 and $4.20, representing a 13% increase from 2025[4][7] - Established 2030 financial targets include mid-single digit organic sales CAGR and approximately 20% adjusted operating margin[10] - Full year 2026 guidance assumes the acquisition will be roughly neutral to adjusted EPS, including incremental interest expense related to financing[9] Acquisitions and Investments - The acquisition of Trillium Flow Technologies' Valves Division was announced, expected to close mid-year 2026[5][9] - Acquisition-related costs associated with the MOGAS acquisition amounted to $3.3 million, affecting the financial results[18] - The company incurred $65,881 in payments for acquisitions in 2025, down from $305,924 in 2024[39] Segment Performance - Flowserve Pumps Division bookings increased to $883.6 million in Q4 2025, up from $816.4 million in Q4 2024, with sales rising to $833.0 million[20] - Flow Control Division reported sales of $391.5 million in Q4 2025, slightly up from $387.9 million in Q4 2024, with a gross profit margin of 31.5%[20] - The Flowserve Pumps Division achieved a segment operating income of $166.8 million in Q4 2025, with an operating income margin of 20.0%[20] - Flow Control Division's segment operating income rose to $64.0 million in Q4 2025, representing an operating income margin of 16.3%[20] - The Flowserve Pumps Division achieved sales of $3,235.3 million in 2025, with a gross profit margin of 35.2%, up from 32.2% in 2024[30] - The Flow Control Division reported sales of $1,504.5 million in 2025, with a gross profit margin of 29.6%, slightly down from 30.1% in 2024[30] - The Flowserve Pumps Division's segment operating income increased to $600.9 million in 2025, representing 18.6% of sales, compared to 15.2% in 2024[30] - The Flow Control Division's segment operating income was $179.7 million in 2025, with an operating income margin of 11.9%[30] Profitability and Costs - Reported gross profit for the three months ended December 31, 2024, was $372.1 million, representing a gross profit margin of 31.5%[16] - For the year ended December 31, 2025, reported gross profit was $1,581,437 thousand, representing 33.4% of sales, while adjusted gross profit was $1,646,033 thousand, or 34.8% of sales[26] - The company incurred realignment charges of $11.6 million in Q4 2024, impacting overall profitability[16] - The company incurred realignment charges of $54,660 thousand in 2025, contributing to an adjusted operating income of $699,911 thousand[26] Assets and Liabilities - Cash and cash equivalents increased to $760,183 as of December 31, 2025, up from $675,441 in 2024[38] - Total assets rose to $5,708,200 in 2025, compared to $5,500,821 in 2024, reflecting a growth of approximately 3.8%[38] - Total current liabilities increased to $1,501,885 in 2025, compared to $1,468,084 in 2024[38] - Stock-based compensation increased to $38,263 in 2025, compared to $30,474 in 2024[39] Risks and Challenges - Forward-looking statements indicate potential risks including global supply chain disruptions and inflation affecting manufacturing efficiency and product costs[43] - The company is highly dependent on the energy, chemical, and power generation industries, which significantly influence sales performance[43] - The company faces risks related to international operations, including political and economic uncertainties in markets such as North Africa, Latin America, and the Middle East[43] - Flowserve's performance may be impacted by fluctuations in foreign currency exchange rates, particularly in hyperinflationary countries like Argentina[43] - The company acknowledges potential adverse effects from litigation, including claims related to asbestos-containing materials[43] Technology and Compliance - There is a focus on developing and integrating new technologies, including artificial intelligence and machine learning, to maintain competitive positioning[43] - The company is committed to environmental compliance and managing associated costs and liabilities[43] - The company emphasizes the importance of non-GAAP financial measures to provide clearer insights into underlying business trends, which are used in financial and operational decision-making[45] - Flowserve's financial results are reported in accordance with GAAP, but management believes non-GAAP measures offer additional useful comparisons[45]
StepStone (STEP) - 2026 Q3 - Quarterly Results
2026-02-05 21:06
STEPSTONE GROUP REPORTS THIRD QUARTER FISCAL YEAR 2026 RESULTS NEW YORK, February 5, 2026 – StepStone Group Inc. (Nasdaq: STEP), a global private markets investment firm focused on providing customized investment solutions and advisory and data services, today reported results for the quarter ended December 31, 2025. This represents results for the third quarter of the fiscal year ending March 31, 2026. The Board of Directors of the Company has declared a quarterly cash dividend of $0.28 per share of Class ...
Natural Grocers by Vitamin tage(NGVC) - 2026 Q1 - Quarterly Report
2026-02-05 21:06
Financial Performance - Net sales for the three months ended December 31, 2025, increased to $335,579,000, up from $330,221,000 in the same period of 2024, representing a growth of 1.1%[20] - Gross profit for the same period was $98,859,000, slightly up from $98,824,000, indicating a stable gross margin[20] - Operating income rose to $14,647,000, compared to $13,348,000 in the prior year, reflecting an increase of 9.7%[20] - Net income for the quarter was $11,334,000, an increase from $9,938,000 year-over-year, marking a growth of 14.0%[20] - Basic net income per share increased to $0.49 from $0.43, a rise of 13.9%[20] - EBITDA for the three months ended December 31, 2025, was $22.6 million, an increase of $1.3 million, or 6.2%, compared to $21.3 million for the same period in 2024[95] - Adjusted EBITDA for the three months ended December 31, 2025, was $23.5 million, an increase of $0.7 million, or 3.1%, compared to $22.8 million for the same period in 2024[95] - Daily average comparable store sales increased by 1.7% for the three months ended December 31, 2025, compared to the same period in 2024[95] - Net income was $11.3 million, or $0.49 diluted earnings per share, for the three months ended December 31, 2025, compared to $9.9 million, or $0.43 diluted earnings per share, for the same period in 2024[119] Assets and Liabilities - Total current assets decreased slightly to $166,808,000 from $168,075,000, a decline of 0.8%[18] - Total liabilities decreased to $448,545,000 from $458,109,000, a reduction of 2.3%[18] - Total stockholders' equity increased to $220,011,000 from $212,395,000, reflecting a growth of 3.8%[18] - Cash and cash equivalents at the end of the period increased to $23,210,000 from $17,116,000, a growth of 35.7%[22] - The Company had $67.6 million available for borrowing under its Credit Facility as of December 31, 2025, down from $70.1 million as of September 30, 2025[52] - The Company had no revolving loan amounts outstanding under the Credit Facility as of December 31, 2025[52] Expenses - Store expenses decreased by $0.5 million, or 0.7%, to $73.0 million for the three months ended December 31, 2025[114] - Administrative expenses decreased by $0.7 million, or 5.9%, to $10.8 million for the three months ended December 31, 2025[115] - The Company incurred gross interest expense of $0.8 million for the three months ended December 31, 2025, compared to $1.0 million for the same period in 2024, showing a decrease of 20%[55] - The total accrued expenses decreased to $31.734 million as of December 31, 2025, from $37.236 million as of September 30, 2025[79] Cash Flow - Net cash provided by operating activities increased by $18.5 million, or 688.0%, to $21.1 million for the three months ended December 31, 2025, compared to $2.7 million for the same period in 2024[133] - Cash and cash equivalents at the end of the period were $23.2 million, up from $6.3 million at the end of December 31, 2024[132] - Net cash used in investing activities increased by $0.2 million, or 1.7%, to $9.6 million for the three months ended December 31, 2025[134] - Net cash used by financing activities was $5.5 million for the three months ended December 31, 2025, compared to net cash provided of $4.2 million for the same period in 2024[136] Store Operations - The company operated 168 stores as of December 31, 2025, down from 169 stores as of September 30, 2025[28] - The company operated 168 stores in 21 states as of December 31, 2025, with plans to open six to eight new stores in fiscal year 2026[92][94] - The company aims for an annual new store unit growth rate of 4% to 5% for the foreseeable future[94] Lease and Property - The Company reported a total property and equipment net value of $189.525 million as of December 31, 2025, up from $182.741 million as of September 30, 2025[75] - The Company recognized operating cash flows from operating leases of $11.467 million for the three months ended December 31, 2025, slightly down from $11.476 million in 2024[71] - The weighted-average remaining lease term for operating leases decreased to 9.3 years as of December 31, 2025, from 9.7 years in 2024[71] - Total future undiscounted lease payments amount to $407.837 million, with $338.909 million related to operating leases and $68.928 million to finance leases[72] - The Company had 24 leases classified as finance leases as of December 31, 2025, down from 25 leases as of September 30, 2025[54] Dividends and Share Repurchase - The Company paid a quarterly cash dividend of $0.15 per share in the first quarter of fiscal year 2026, up from $0.12 per share in the first quarter of fiscal year 2025, representing a 25% increase[58] - The company did not repurchase any shares during the three months ended December 31, 2025, leaving $8.1 million available for future repurchases under the share repurchase program[128] - A quarterly cash dividend of $0.15 per share was paid in the three months ended December 31, 2025, with another dividend approved for March 18, 2026[129] Regulatory Compliance - Certifications required under the Sarbanes-Oxley Act of 2002 were included, ensuring compliance and accountability from principal executive and financial officers[31.1][31.2][31.3] - The company continues to adhere to the requirements of the Securities Exchange Act of 1934, demonstrating commitment to regulatory standards[160] - The report includes notes to the unaudited interim consolidated financial statements, offering additional context on financial results[101] - The company’s filings are not deemed filed with the SEC and are not to be incorporated by reference into any future filings, ensuring clarity in regulatory compliance[101] Strategic Insights - The grocery industry is experiencing increased competition, with a focus on natural and organic products, impacting the company's market position[97] - The company has identified opportunities for increased economies of scale in sourcing products, although fixed costs may limit cost leverage[99] - The balance of contract liabilities related to unredeemed gift cards was $1.8 million as of December 31, 2025, compared to $1.6 million as of September 30, 2025[44]
Roblox(RBLX) - 2025 Q4 - Annual Results
2026-02-05 21:06
RQBLOX Exhibit 99.1 SHAREHOLDER LETTER DAUs (in millions) - Year-over-year growth % 152 112 98 85 70% 69% 41% 26% 19% 4024 1Q25 2Q25 3Q25 4Q25 Revenue ($ in millions, unaudited) - Year-over-year growth % $1,415 $1,360 $1,081 $1,035 $988 48% 43% 32% 29% 21% 4Q24 1Q25 2Q25 3Q25 4Q25 Q4 2025 February 5, 2026 4Q25 Highlights "Roblox's success is rooted in the boundless creativity of our creator community. In 2025, their dedication resulted in massive growth in our platform and enabled our top 1,000 creators to ...
Gen Digital (GEN) - 2026 Q3 - Quarterly Results
2026-02-05 21:05
Financial Performance - Q3 FY26 revenue reached $1,240 million, representing a 26% increase year-over-year[5] - Operating income for Q3 FY26 was $433 million, up 16% compared to the previous year[5] - Diluted EPS for Q3 FY26 was $0.31, reflecting a 22% increase year-over-year[5] - Year-to-date operating cash flow reached $1,066 million, an increase of 43%[5] - The company reported a net income of $192 million for Q3 FY26, compared to $159 million in the same quarter last year[17] - Net income for the three months ended January 2, 2026, was $192 million, compared to $159 million for the same period in 2024, representing a 20.6% increase[19] - Total net revenues for the three months ended January 2, 2026, were $1,240 million, up from $986 million in the same period last year, reflecting a 25.7% growth[24] - Operating income (Non-GAAP) for the three months ended January 2, 2026, was $629 million, compared to $577 million in the prior year, indicating a 9% increase[20] Guidance and Projections - The company raised its FY26 revenue guidance to a range of $4.955 billion to $4.975 billion, up from the previous guidance of $4.920 billion to $4.970 billion[10] - Q4 FY26 revenue is expected to be between $1.24 billion and $1.26 billion[10] Cash Flow and Dividends - A quarterly cash dividend of $0.125 per common share has been approved, to be paid on March 11, 2026[6] - Free cash flow (Non-GAAP) for the nine months ended January 2, 2026, was $1,047 million, compared to $736 million for the same period in 2024, showing a 42.3% increase[22] - The company reported a net cash provided by operating activities of $1,066 million for the nine months ended January 2, 2026, compared to $748 million for the same period in 2024, a 42.5% increase[22] Bookings and Customer Metrics - Bookings for Q3 FY26 totaled $1,319 million, up 27% from the previous year[5] - Total bookings for the three months ended January 2, 2026, reached $1,319 million, compared to $1,035 million in the same period last year, marking a 27.5% increase[24] - Total paid customers increased to 78 million as of January 2, 2026, up from 67 million a year earlier, representing a 16.4% growth[24] Operating Metrics - Operating margin (Non-GAAP) for the three months ended January 2, 2026, was 50.7%, down from 58.5% in the same period last year[20] - Stock-based compensation expense for the three months ended January 2, 2026, was $52 million, compared to $33 million in the same period last year, reflecting a 57.6% increase[20] Acquisitions and Legal Matters - The company incurred $876 million in payments for acquisitions, net of cash acquired, during the nine months ended January 2, 2026[19] - The company incurred charges of $66 million related to a legal settlement with an e-commerce partner, which were charged off as G&A expense in fiscal 2025[33] Debt and Financial Reporting - The company extinguished its remaining convertible debt on August 15, 2022, and began amortizing debt issuance costs associated with senior credit facilities acquired during the acquisition of Avast in fiscal 2023[34] - The company excludes gains or losses on extinguishment of debt from non-GAAP results as they do not reflect ongoing business performance[35] - The company records unrealized and realized gains or losses on equity investments in privately-held companies but excludes these from ongoing business results[36] - The company uses a non-GAAP tax rate that excludes various discrete impacts to facilitate better evaluation of current operating performance[38] Operational Metrics Definitions - Bookings, defined as customer orders expected to generate future net revenues, are presented as an operational metric reflecting customer demand[40] - Free cash flow is defined as cash flows from operating activities less purchases of property and equipment, and is not a measure of financial condition under GAAP[41] Product Offerings - The Cyber Safety Platform includes security and privacy products that provide technology solutions for safe navigation in the digital world[43] - Trust-Based Solutions encompass identity, reputation, and financial wellness products, contributing to direct revenue through e-commerce and mobile channels[44] - Paid customers are defined as active users with at least one revenue-generating transaction, excluding free trial users, reflecting the dynamic nature of consumer engagement[46]
Amtech Systems(ASYS) - 2026 Q1 - Quarterly Report
2026-02-05 21:05
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: December 31, 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: 0-11412 AMTECH SYSTEMS, INC. (Exact name of registrant as specified in its charter) Indicate ...
Good Times(GTIM) - 2026 Q1 - Quarterly Results
2026-02-05 21:05
Exhibit 99.1 FOR IMMEDIATE RELEASE February 5, 2026 Nasdaq Capital Markets - GTIM GOOD TIMES RESTAURANTS REPORTS RESULTS FOR THE 2026 FIRST FISCAL QUARTER ENDED DECEMBER 30, 2025 (DENVER, CO) Good Times Restaurants Inc. (Nasdaq: GTIM), operator of the Bad Daddy's Burger Bar and Good Times Burgers & Frozen Custard restaurant brands, today reported financial results for the 2026 first fiscal quarter. Key highlights of the Company's financial results include: Ryan M. Zink, the Company's Chief Executive Officer ...
Exponent(EXPO) - 2025 Q4 - Annual Results
2026-02-05 21:05
EXHIBIT 99.1 Exponent Reports Fourth Quarter and Fiscal Year 2025 Financial Results Total revenues increased 4.2% to $582.0 million during the 52-week fiscal year 2025, as compared to $558.5 million during the 53-week fiscal year 2024. Revenues before reimbursements increased 3.5% to $536.8 million, compared to $518.5 million in fiscal year 2024. Net income was $106.0 million, or $2.07 per diluted share, during fiscal year 2025, as compared to $109.0 million, or $2.11 per diluted share, in fiscal year 2024. ...
Knowles(KN) - 2025 Q4 - Annual Results
2026-02-05 21:05
Financial Performance - Fourth quarter revenues from continuing operations increased 14% year over year to $162 million, exceeding the high end of the guided range[1] - Full year revenues from continuing operations rose 7% year over year to $593.2 million, surpassing the high end of the five-year organic growth target[3] - Fourth quarter net cash from operations was $47 million, exceeding the high end of the guided range, with full year net cash from operations totaling $114 million or 19.2% of revenues[1][3] - Revenues for the year ended December 31, 2025, increased to $593.2 million, up from $553.5 million in 2024, representing a growth of 7.5%[20] - Operating earnings rose to $70.3 million for the year ended December 31, 2025, compared to $51.8 million in 2024, marking a significant increase of 35.5%[20] - Net earnings for the year ended December 31, 2025, were $44.2 million, a recovery from a net loss of $237.8 million in 2024[20] - Earnings per share from continuing operations increased to $0.59 (basic) and $0.58 (diluted) for the year ended December 31, 2025, compared to $0.26 for both in 2024[20] - Adjusted EBITDA for the year ended December 31, 2025, was $140.2 million, representing an increase from $128.5 million in 2024, with an adjusted EBITDA margin of 23.6%[21] - Non-GAAP net earnings for the year ended December 31, 2025, were $97.7 million, compared to $83.9 million in 2024, reflecting a growth of 16.5%[23] Profitability Metrics - Gross profit for Q4 2025 was $72.5 million, representing 44.7% of revenues, an increase from 42.7% in Q4 2024[6] - Gross profit for the year ended December 31, 2025, was $256.3 million, with a gross profit margin of 43.2%, compared to $234.8 million and 42.4% in 2024[21] - Non-GAAP diluted earnings per share for Q4 2025 was $0.36, compared to $0.27 in Q4 2024, reflecting a significant year-over-year increase[6] Cash Flow and Assets - Adjusted free cash flow for the year ended December 31, 2025, was $114.4 million, representing an increase from $93.8 million in 2024[31] - The company experienced a net cash provided by operating activities of $114.0 million in 2025, compared to $130.1 million in 2024, a decrease of 12.4%[31] - Total current assets decreased to $291.4 million in 2025 from $361.4 million in 2024, primarily due to a reduction in cash and cash equivalents[26] - Cash and cash equivalents at the end of 2025 were $54.2 million, down from $130.1 million at the end of 2024, indicating a decrease of 58.3%[28] - Total assets of the company decreased to $1,051.1 million in 2025 from $1,118.2 million in 2024, a decline of 6.0%[26] Expenses and Investments - Research and development expenses for Q4 2025 were $10.5 million, slightly up from $10.3 million in Q4 2024, reflecting ongoing investment in innovation[18] - Research and development expenses for the year ended December 31, 2025, were $40.2 million, slightly up from $39.5 million in 2024[21] - Selling and administrative expenses remained stable at $142.8 million for the year ended December 31, 2025, compared to $142.0 million in 2024[20] - Capital expenditures for 2025 were $32.1 million, up from $13.6 million in 2024, indicating a 135.3% increase[31] Liabilities and Equity - Total liabilities decreased to $275.2 million in 2025 from $335.6 million in 2024, reflecting a reduction in current liabilities[26] - Stockholders' equity increased to $775.8 million in 2025 from $756.0 million in 2024, reflecting a growth of 2.4%[26] - The company recorded impairment charges of $3.6 million for the year ended December 31, 2025, compared to none in 2024[20] Future Outlook - The company expects Q1 2026 revenues from continuing operations to be between $143 million and $153 million, with diluted earnings per share projected between $0.09 and $0.13[9] - Knowles completed the divestiture of its Consumer MEMS Microphone business in December 2024, positioning itself as a high-margin Industrial Technology company[5] - The company has a strong backlog of existing orders and new design wins expected to go into full production, indicating confidence in achieving strong revenue and earnings growth in 2026[4] - Knowles aims to leverage its unique technologies and operational capabilities to drive significant value for shareholders in the coming years[5]