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Gencor Industries(GENC) - 2025 Q4 - Annual Results
2025-12-09 12:05
Exhibit 99.1 GENCOR RELEASES FOURTH QUARTER AND FISCAL YEAR 2025 RESULTS December 9, 2025 (PRIME NEWSWIRE)—Gencor Industries, Inc. (the "Company" or "Gencor") (NYSE American: GENC) announced today net revenue for the fourth quarter ended September 30, 2025 of $18.8 million, down 10.0% from $20.9 million net revenue for the quarter ended September 30, 2024. Gross profit as a percentage of net revenue was 24.2% for the quarter ended September 30, 2025, compared to 25.6% for the quarter ended September 30, 202 ...
Vince.(VNCE) - 2026 Q3 - Quarterly Results
2025-12-09 12:01
Financial Performance - Total net sales increased by 6.2% to $85.1 million compared to $80.2 million in Q3 fiscal 2024[3] - Net income was $2.7 million or $0.21 per diluted share, down from $4.3 million or $0.34 per diluted share in the same period last year[6] - Adjusted EBITDA was $6.5 million, a decrease from $7.4 million in the same period last year[6] - Gross profit was $41.9 million, representing 49.2% of net sales, compared to 50.0% in Q3 fiscal 2024[3] - Net sales for the three months ended November 1, 2025, increased to $85,126,000, up from $80,162,000 for the same period in 2024, representing a growth of 3.7%[19] - Gross profit for the three months ended November 1, 2025, was $41,907,000, with a gross margin of 49.2%, compared to $40,058,000 and 50.0% in the prior year[19] - Net income for the three months ended November 1, 2025, was $2,726,000, a decrease from $4,349,000 in the same period of 2024, reflecting a decline of 37.2%[19] - Basic earnings per share for the three months ended November 1, 2025, was $0.21, down from $0.35 in the prior year[19] - Adjusted EBITDA for the three months ended November 1, 2025, was $6,509,000, compared to $7,380,000 for the same period in 2024[27] Sales and Segments - The wholesale segment sales increased by 6.7% to $52.0 million, while direct-to-consumer segment sales rose by 5.5% to $33.1 million[6] - The company expects net sales to increase approximately 3% to 7% in Q4 fiscal 2025[12] Expenses and Assets - Selling, general, and administrative expenses were $36.5 million, maintaining 42.8% of sales, driven by increased compensation and marketing costs[3] - Selling, general and administrative expenses for the three months ended November 1, 2025, were $36,472,000, maintaining 42.8% of net sales[19] - Total current assets increased to $118,186,000 as of November 1, 2025, compared to $96,576,000 as of February 1, 2025[21] - Long-term debt rose to $36,061,000 as of November 1, 2025, compared to $19,156,000 as of February 1, 2025[21] - Total assets decreased to $246,003,000 as of November 1, 2025, down from $254,704,000 as of November 2, 2024[21] Company Operations - The company ended the quarter with 60 company-operated stores, a net decrease of 1 store since Q3 fiscal 2024[6] - The company issued 370,878 shares of common stock for net proceeds of $1.291 million at an average price of $3.55 per share[7] - The company completed a strategic partnership with Authentic Brands Group, entering into a long-term license agreement[9] - The company reported a decrease in equity in net income of equity method investments to $266,000 for the three months ended November 1, 2025, from $279,000 in the prior year[19]
AutoZone(AZO) - 2026 Q1 - Quarterly Results
2025-12-09 11:55
EXHIBIT 99.1 AutoZone 1st Quarter Total Company Same Store Sales Increase 4.7%; Domestic Same Store Sales Increase 4.8%; 1st Quarter EPS of $31.04 MEMPHIS, Tenn., Dec. 09, 2025 (GLOBE NEWSWIRE) -- AutoZone, Inc. (NYSE: AZO) today reported net sales of $4.6 billion for its first quarter (12 weeks) ended November 22, 2025, an increase of 8.2% from the first quarter of fiscal 2025 (12 weeks). Same store sales, or sales for our domestic and international stores open at least one year, are as follows: | | | Cons ...
Korn Ferry(KFY) - 2026 Q2 - Quarterly Results
2025-12-09 11:50
Financial Performance - Korn Ferry reported Q2 FY'26 fee revenue of $721.7 million, a 7% increase year-over-year, with 6% growth at constant currency[4]. - Net income attributable to Korn Ferry was $72.4 million, up 19% year-over-year, with a margin of 10.0%, an increase of 100bps[4][8]. - Adjusted EBITDA for Q2 FY'26 was $124.8 million, reflecting a 7% increase year-over-year, with an adjusted EBITDA margin of 17.3%[4][10]. - Korn Ferry reported total revenue of $729.8 million for the three months ended October 31, 2025, representing a 7.0% increase compared to $681.96 million for the same period in 2024[43]. - Fee revenue for the six months ended October 31, 2025, was $1.43 billion, up 6.0% from $1.35 billion in the prior year[45]. - Net income attributable to Korn Ferry for the three months ended October 31, 2025, was $72.4 million, a 19.2% increase from $60.8 million in the same quarter of 2024[43]. - Adjusted EBITDA for the six months ended October 31, 2025, reached $245.2 million, up 7.4% from $228.2 million in the prior year[49]. - The total fee revenue for the three months ended October 31, 2025, was $721.7 million, slightly down from $729.8 million in the same period of 2024[53]. - The adjusted EBITDA margin for the three months ended October 31, 2025, was 17.3%, compared to 17.4% in the same period of 2024[53]. Segment Performance - Executive Search fee revenue was $226.0 million in Q2 FY'26, a 9.7% increase from $206.0 million in Q2 FY'25[19]. - Consulting fee revenue increased to $172.8 million in Q2 FY'26, up 4% year-over-year, driven by a 10% rise in average bill rates[11][12]. - Digital segment fee revenue was $91.0 million in Q2 FY'26, a decrease of 2% from $92.9 million in Q2 FY'25[15][16]. - In the Professional Search & Interim segment, fee revenue reached $141.1 million in Q2 FY'26, a 17% increase from Q2 FY'25, primarily due to higher revenue from Interim services[24]. - RPO fee revenue for Q2 FY'26 was $90.8 million, a 4% increase from Q2 FY'25, attributed to new logo clients in North America[28]. - The Consulting segment saw a fee revenue increase of 3.6% to $172.8 million for the three months ended October 31, 2025[45]. - The Executive Search segment's fee revenue increased by 9.7% to $225.9 million for the same period[45]. Engagements and Contracts - Estimated remaining fees under existing contracts reached $1.842 billion, a 20% increase year-over-year[4]. - New engagements in Executive Search increased to 1,633 in Q2 FY'26, compared to 1,567 in Q2 FY'25[19]. - New engagements in the Professional Search segment totaled 1,004 in Q2 FY'26, compared to 947 in Q2 FY'25, indicating strong growth in client demand[23]. - Estimated remaining fees under existing contracts in the RPO segment were $886.9 million, significantly higher than $659.2 million in the previous year[27]. Earnings and Shares - Adjusted diluted earnings per share for Q2 FY'26 were $1.33, a 10% increase year-over-year[4]. - The company expects Q3 FY'26 fee revenue to be in the range of $680 million to $694 million, with diluted earnings per share projected between $1.15 to $1.21[34]. - The company reported a basic earnings per share of $1.38 for the three months ended October 31, 2025, compared to $1.16 in the same period of 2024[43]. - The adjusted net income attributable to Korn Ferry for the three months ended October 31, 2025, was $70.5 million, compared to $64.7 million in the same period of 2024, reflecting a 9.0% increase[49]. Assets and Liabilities - Korn Ferry's cash and cash equivalents decreased to $761.6 million as of October 31, 2025, down from $1.01 billion in April 2025[47]. - Total assets decreased to $3.72 billion as of October 31, 2025, compared to $3.86 billion in April 2025[47]. - The company reported that total liabilities decreased to $1.77 billion as of October 31, 2025, from $1.99 billion in April 2025[47]. Cost Management - The company incurred integration/acquisition costs of $1.3 million for the three months ended October 31, 2025, down from $3.9 million in the same period of 2024[49].
Lands’ End(LE) - 2026 Q3 - Quarterly Results
2025-12-09 11:49
Financial Performance - Net revenue for Q3 2025 was $317.5 million, a decrease of $1.1 million or 0.3% from Q3 2024[3] - U.S. Digital Segment Net revenue increased by $4.0 million or 1.5% to $277.5 million in Q3 2025[3] - Net revenue for the 13 weeks ended October 31, 2025, was $317,487,000, a decrease of 0.4% compared to $318,628,000 for the same period in 2024[21] - Gross profit for the 39 weeks ended October 31, 2025, was $440,618,000, down 2.6% from $452,010,000 in 2024[21] - Operating income increased to $16,767,000 for the 13 weeks ended October 31, 2025, compared to $9,287,000 in 2024, reflecting a 80.5% increase[21] - Net income for the 13 weeks ended October 31, 2025, was $5,164,000, compared to a net loss of $593,000 in the same period of 2024[21] - Adjusted net income for the 13 weeks ended October 31, 2025, was $6,523,000, significantly higher than $1,785,000 in 2024[29] - Adjusted EBITDA increased by 28% to $25.9 million in Q3 2025 compared to $20.3 million in Q3 2024[8] - Adjusted EBITDA for the 39 weeks ended October 31, 2025, was $49,455,000, representing a 5.7% increase compared to $48,909,000 in the prior year[33] Cash and Assets - Cash and cash equivalents increased to $36.3 million as of October 31, 2025, from $30.4 million a year earlier[4] - Total current assets increased to $460,806,000 as of October 31, 2025, compared to $453,495,000 as of November 1, 2024[19] - Cash and cash equivalents increased to $36,344,000 as of October 31, 2025, from $30,401,000 as of November 1, 2024[19] - The company reported a net cash increase of $18,235,000 for the period, ending with cash, cash equivalents, and restricted cash totaling $37,047,000[37] Liabilities and Expenses - Total liabilities stood at $621,647,000 as of October 31, 2025, slightly up from $619,928,000 in 2024[19] - Interest expense for the 39 weeks ended October 31, 2025, was $27,944,000, down from $31,049,000 in the same period last year[33] - Corporate restructuring and other expenses for the 39 weeks ended October 31, 2025, amounted to $7,219,000, compared to $4,482,000 in the previous year[33] Inventory and Cash Flow - Inventories rose by 3% year-over-year to $347.6 million as of October 31, 2025[4] - The company experienced a significant increase in inventories, with a change of $(81,400,000) for the 39 weeks ended October 31, 2025[37] - Cash flows from operating activities for the 39 weeks ended October 31, 2025, resulted in a net cash used of $15,181,000, compared to $12,212,000 in the previous year[37] Future Guidance - The company expects net revenue for Q4 2025 to be between $460.0 million and $490.0 million[12] - The company provided guidance for Q4 Fiscal 2025, projecting adjusted EBITDA between $49,000,000 and $54,000,000[34] - Adjusted net income for Q4 Fiscal 2025 is expected to be between $22,000,000 and $26,000,000, with adjusted diluted earnings per share projected at $0.71 to $0.84[35] Strategic Initiatives - The strategic alternatives process is ongoing, exploring options such as a sale or merger to maximize shareholder value[11] Accumulated Deficit - The company’s accumulated deficit improved to $(101,123,000) as of October 31, 2025, compared to $(112,877,000) in 2024[19]
Core & Main(CNM) - 2026 Q3 - Quarterly Report
2025-12-09 11:33
Washington, D.C. 20549 FORM 10-Q UNITED STATES SECURITIES AND EXCHANGE COMMISSION (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended November 2, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For transition period from to Commission File Number 001-40650 Core & Main, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or or ...
Core & Main(CNM) - 2026 Q3 - Quarterly Results
2025-12-09 11:30
Financial Performance - Net sales increased 1.2% to $2,062 million compared to $2,038 million in the same quarter last year, driven primarily by acquisitions[7] - Gross profit rose 3.3% to $561 million, with a gross profit margin of 27.2%, up from 26.6% in the prior year[9] - Net income increased 2.1% to $143 million, attributed to a decrease in interest expense[12] - Adjusted EBITDA decreased 1.1% to $274 million, impacted by higher SG&A expenses[14] - Operating income decreased 1.3% to $220 million, primarily due to higher SG&A expenses[11] - Net income attributable to Core & Main, Inc. for the third quarter was $137 million, compared to $133 million in the same quarter last year, resulting in diluted earnings per share of $0.72[40] - Adjusted EBITDA for the nine months ended November 2, 2025, was $764 million, up from $751 million for the same period in 2024, reflecting a 1.7% growth[50] - Adjusted Diluted Earnings Per Share for the three months ended November 2, 2025, was $0.89, compared to $0.86 for the same period in 2024, indicating a 3.5% increase[53] - EBITDA for the three months ended November 2, 2025, was $267 million, slightly down from $269 million for the same period in 2024, a decrease of 0.7%[50] Expenses and Costs - SG&A expenses increased 7.7% to $295 million, representing 14.3% of net sales, up from 13.4% in the previous year[10] - The company reported capital expenditures of $31 million for the nine months ended November 2, 2025, compared to $24 million in the prior year[44] - Equity-based compensation for the nine months ended November 2, 2025, was $14 million, compared to $11 million for the same period in 2024, reflecting a 27.3% increase[50] Debt and Cash Management - Net debt decreased to $2,083 million from $2,420 million as of the same date last year, due to lower borrowings[25] - Long-term debt decreased to $2,129 million from $2,237 million since the beginning of the fiscal year[42] - Total Debt as of November 2, 2025, was $2,172 million, down from $2,430 million as of October 27, 2024[55] - Net Debt decreased to $2,083 million as of November 2, 2025, from $2,420 million as of October 27, 2024, showing a reduction of 14%[55] - Cash and cash equivalents at the end of the period were $89 million, significantly higher than $8 million at the beginning of the period[44] - Net cash provided by operating activities for the nine months ended November 2, 2025, was $382 million, compared to $386 million for the same period last year[44] Strategic Acquisitions - Core & Main completed the acquisition of Canada Waterworks on September 30, 2025[7] - The company continues to focus on strategic acquisitions, with $32 million spent on acquisitions net of cash acquired during the nine months ended November 2, 2025[44] - The company expects variability in acquisition expenses to significantly impact future GAAP financial results, indicating potential unpredictability in earnings[49] Future Outlook - For fiscal 2025, the company expects net sales of $7,600 to $7,700 million, with adjusted EBITDA of $920 to $940 million[30] - Total assets increased to $6,300 million as of November 2, 2025, up from $5,870 million at the end of the previous fiscal year[42] Non-GAAP Measures - The company emphasizes the importance of non-GAAP financial measures like Adjusted EBITDA and Adjusted Diluted Earnings Per Share for evaluating performance, despite their limitations[48] - The amortization of intangible assets for the three months ended November 2, 2025, was $0.19 per share, consistent with the same period in 2024[53]
Papaya Growth Opportunity I(PPYA) - 2025 Q1 - Quarterly Report
2025-12-09 01:30
FORM 10-Q Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-41223 PAPAYA GROWTH OPPORTUNITY CORP. I (Exact name of registrant as specified in its charter) (State or other juris ...
Papaya Growth Opportunity Corp. I(PPYAU) - 2025 Q1 - Quarterly Report
2025-12-09 01:30
Table of Contents 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 March 31, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-41223 PAPAYA GROWTH OPPORTUNITY CORP. I (Exact name of registrant as specified in its charter) (State or other juris ...
Domo(DOMO) - 2026 Q3 - Quarterly Report
2025-12-09 00:43
Revenue Performance - Total revenue for the three months ended October 31, 2025, was $79.4 million, compared to $79.8 million for the same period in 2024, indicating a slight decline [178]. - For the nine months ended October 31, 2025, total revenue was $239.2 million, up from $238.3 million in 2024, reflecting a year-over-year increase of approximately 0.4% [178]. - Total revenue for the same period was $79,403, a slight decrease of $361 thousand compared to $79,764 in 2024 [210]. - Total revenue for the nine months ended October 31, 2025, was $239.2 million, a slight increase of $958, or 0.4%, compared to the prior year [223]. Customer Metrics - As of October 31, 2025, 80% of annual recurring revenue (ARR) was derived from consumption-based service agreements, with expectations for this percentage to increase [175]. - The company had over 2,400 customers as of October 31, 2025, with enterprise customers accounting for 44% of revenue during the same period [183]. Financial Losses and Profitability - The company incurred net losses of $10.4 million for the three months ended October 31, 2025, compared to $18.8 million for the same period in 2024, indicating a reduction in losses [179]. - The net loss for the three months ended October 31, 2025, was $10,388, compared to a net loss of $18,761 in 2024 [207]. Expenses and Cost Management - Sales and marketing expenses as a percentage of total revenue decreased from 47% in Q3 2024 to 43% in Q3 2025, indicating improved efficiency [191]. - Research and development expenses as a percentage of total revenue increased from 27% in Q3 2024 to 24% in Q3 2025, reflecting ongoing investment in platform functionality [193]. - Total cost of revenue increased to $20,504, up 3% from $19,961 in 2024, with subscription costs rising by 7% to $14,281 [211]. - Operating expenses decreased to $65,829, down 7% from $70,887 in 2024, with sales and marketing expenses dropping by 8% to $34,120 [215]. - Research and development expenses fell to $19,062, a 10% decrease from $21,264 in 2024, reflecting lower headcount [216]. - General and administrative expenses increased from 15% to 16% of revenue, with a $1.6 million rise in employee-related costs due to stock-based compensation [218]. Cash Flow and Financing - As of October 31, 2025, the company had $47.9 million in cash and cash equivalents, with a $125.3 million credit facility fully drawn [233]. - For the nine months ended October 31, 2025, net cash provided by operating activities was $10.7 million, with cash collected from customers totaling $232.1 million [242][245]. - During the same period, net cash used in investing activities was $7.6 million, primarily for capitalized development costs related to internal-use software [242][247]. - The company experienced net cash used in financing activities of $1.5 million for the nine months ended October 31, 2025, primarily due to payments on short-term payable financing [242][250]. Debt and Credit Facilities - The company had total debt outstanding of $124.2 million as of October 31, 2025, with a credit facility allowing for term loan borrowings up to $125.3 million [256][257]. - The credit facility was amended in August 2024, extending the maturity date to August 19, 2028, and included the issuance of 1,022,918 fully-vested warrants [239]. Market and Economic Conditions - The company does not believe that inflation has had a material effect on its business, financial condition, or results of operations to date [260]. - The company has foreign currency exchange risks related to revenue and operating expenses denominated in currencies other than the U.S. dollar, primarily the Japanese Yen, British Pound Sterling, and the Australian Dollar [258]. Other Financial Metrics - Remaining performance obligations (RPO) increased from $368.2 million in 2024 to $428.6 million in 2025, with $231.1 million expected to be recognized as revenue in the next twelve months [177]. - The gross retention rate remained stable at 84% for both the trailing twelve months ending October 31, 2024, and 2025, despite macroeconomic challenges [188]. - Subscription revenue for the three months ended October 31, 2025, was $71,879, a 1% increase from $71,113 in 2024, driven by a $3.3 million increase from new customers [210]. - Subscription gross margin was 80% for the three months ended October 31, 2025, down from 81% in 2024, attributed to increased costs from third-party web hosting services [211]. - Income tax provision increased by $52, or 9%, to $634, primarily due to higher taxable income from international subsidiaries [232]. - The company entered into a Controlled Equity Offering Sales Agreement to sell up to $150 million of Class B common stock, with no shares sold to date [236]. - Remeasurement of warrant liability resulted in a $7.5 million net change during the nine months ended October 31, 2025 [231].