KINGSOFT CLOUD(KC) - 2025 Q1 - Quarterly Report
2025-05-28 11:56
Exhibit 99.1 Kingsoft Cloud Announces Unaudited First Quarter 2025 Financial Results BEIJING, May 28, 2025 — Kingsoft Cloud Holdings Limited ("Kingsoft Cloud" or the "Company") (NASDAQ: KC and HKEX: 3896), a leading cloud service provider in China, today announced its unaudited financial results for the first quarter ended March 31, 2025. Mr. Tao Zou, Chief Executive Officer of Kingsoft Cloud, commented, "Despite uncertainties in global supply chain, we believe the importance for cloud services as infrastru ...
Edible Garden AG rporated(EDBL) - 2025 Q1 - Quarterly Results
2025-05-28 11:45
Financial Performance - For Q1 2025, Edible Garden reported total revenue of $2.7 million, a decrease of 13.2% from $3.1 million in Q1 2024, primarily due to the exit from lower-margin floral and lettuce product lines[8]. - Non-perishable revenue grew by 15% year-over-year, indicating strong consumer demand for higher-margin, shelf-stable products like Kick. Sport Nutrition and Pickle Party[3]. - Gross profit increased to $88,000, representing a 283% year-over-year increase from $23,000 in the prior-year period, with gross margin improving to 3.2% from 0.7%[9]. - The company experienced a net loss of $3.3 million for Q1 2025, an improvement from a net loss of $4.0 million in Q1 2024, driven by cost reductions and higher-margin product sales[11]. - Revenue decreased from $3,132 million to $2,718 million, a decline of approximately 13.2%[22]. - Cost of goods sold decreased from $3,109 million to $2,630 million, resulting in a gross profit of $88 million[22]. - Selling, general and administrative expenses decreased from $3,884 million to $3,015 million[22]. - Net loss attributable to common stockholders was $3,324 million, compared to a net loss of $3,977 million in the previous period[22]. - Net income (loss) per common share was $(2.47), compared to $(341.14) in the previous period[22]. - Loss from operations improved from $(3,861) million to $(2,926) million[22]. - Interest expense increased from $(117) million to $(440) million[22]. - Total other income (expenses) worsened from $(116) million to $(398) million[22]. - The company reported a significant decrease in gross profit margin due to higher costs relative to revenue[22]. Strategic Initiatives - Edible Garden completed a $15.5 million acquisition of assets from NaturalShrimp Farms Inc., enhancing its R&D and warehousing capabilities[4]. - The company launched or expanded retail partnerships with key accounts including Walmart and Stop & Shop, supporting growth in both fresh and non-perishable categories[5]. - Edible Garden's strategic focus on higher-margin, branded product lines is expected to strengthen its competitive positioning in both retail and e-commerce channels[7]. Market Trends - Cut herbs saw a 13% seasonal growth in Q1 2025, reflecting increased consumer preference for convenience and value[3]. - The company maintains over 90% of its operations in the U.S., minimizing exposure to global tariffs and disruptions[6]. Cost Management - Selling, general and administrative expenses decreased to $3.0 million from $3.9 million in the prior year, primarily due to lower personnel costs[10].
Monro(MNRO) - 2025 Q4 - Annual Results
2025-05-28 11:33
Financial Performance - Fourth quarter sales decreased 4.9% to $295.0 million compared to $310.1 million in the same quarter of fiscal 2024[2] - Total sales for the twelve months ended March 2025 were $1,195,334, a decrease of 6.4% compared to $1,276,789 in 2024[32] - Gross profit decreased by 7.6% to $417,645 from $452,103 year-over-year[32] - Operating income fell significantly by 82.4% to $12,565, down from $71,425 in the previous year[32] - Net loss for fiscal 2025 was $5.2 million, or $0.22 per diluted share, compared to net income of $37.6 million, or $1.18 per diluted share in the prior year[14] - Net loss for the twelve months was $5,182, a decline of 113.8% compared to net income of $37,571 in 2024[32] - Diluted loss per share was $(0.22), a decrease of 118.5% from earnings of $1.18 per share in 2024[32] - Adjusted net income for the twelve months was $15,624, down from $42,398 in the previous year[42] Sales and Store Performance - Comparable store sales increased 2.8% in the fourth quarter, with notable increases of 27% for front end/shocks and 25% for batteries[3] - Preliminary quarter-to-date comparable store sales for the first quarter of fiscal 2026 are up approximately 7%[12] - The company identified 145 underperforming stores for closure during the first quarter of fiscal 2026[19] Expenses and Costs - Total operating expenses for fiscal 2025 were $405.1 million, or 33.9% of sales, compared to $380.7 million, or 29.8% of sales in fiscal 2024[14] - Store impairment charges for the twelve months were $24,355, compared to $1,915 in 2024[42] - Management restructuring costs for the twelve months were $1,778, up from $1,210 in the previous year[42] - Costs incurred related to restructuring and elimination of certain management positions[43] Cash Flow and Assets - The company generated cash from operating activities of $132 million during fiscal 2025[5] - Total assets as of March 2025 were $1,641,823, a slight decrease from $1,692,814 in 2024[34] - Current liabilities increased to $524,290 from $455,156 in the previous year[34] Dividends and Guidance - The company approved a cash dividend of $0.28 per share for the first quarter of fiscal 2026[18] - The company is not providing fiscal 2026 financial guidance at this time but will share expectations during its earnings conference call[20] Tax Rates - Adjusted effective tax rates were 24.7% for the quarter ended March 2025 and 27.1% for the quarter ended March 2024[43] - For the twelve months ended March 2025, the adjusted effective tax rate was 25.0%, compared to 26.5% for the twelve months ended March 2024[43] Other Financial Adjustments - Gain on sale of the corporate headquarters building, net of associated closing and relocation costs[43] - Loss on subsequent inventory adjustments from prior year sale of wholesale tire and distribution assets[43]
Sono-Tek (SOTK) - 2025 Q4 - Annual Results
2025-05-28 11:15
Presentation Details - Sono-Tek Corporation will present at the Planet MicroCap Showcase: VEGAS 2025 on April 23, 2025[4] - The presentation will include an Investor Presentation attached as exhibit 99.1[4] Legal and Compliance - The report is not deemed "filed" under the Securities Exchange Act of 1934, thus limiting liability under Section 18[5] - The Chief Financial Officer, Stephen J. Bagley, signed the report on April 23, 2025[8]
Phreesia(PHR) - 2026 Q1 - Quarterly Results
2025-05-28 11:01
Financial Performance - Total revenue for the first quarter was $115.9 million, representing a 15% year-over-year increase[8] - Adjusted EBITDA for the quarter was $20.8 million, compared to $4.1 million in the same period last year[8] - Net loss for the quarter was $3.9 million, significantly improved from a net loss of $19.7 million in the prior year[8] - Total revenues for the three months ended April 30, 2025, were $115,936,000, a 14.5% increase from $101,217,000 in the same period of 2024[20] - Adjusted EBITDA for the three months ended April 30, 2025, was $20,816,000, compared to $4,093,000 in the same period of 2024, indicating a substantial increase[32] - Net loss for the three months ended April 30, 2025, was $3,914,000, significantly improved from a net loss of $19,722,000 in the same period of 2024[22] - The company reported a comprehensive loss of $3,479,000 for the three months ended April 30, 2025, compared to a comprehensive loss of $19,721,000 in the same period of 2024[22] Client Metrics - Average number of healthcare services clients (AHSCs) was 4,411, up 9% year-over-year[8] - Average number of healthcare services clients (AHSCs) rose to 4,411 in Q1 2025 from 4,065 in Q1 2024, reflecting a growth of 8.5%[39] - The company expects to reach approximately 4,500 AHSCs in fiscal 2026, with total revenue per AHSC projected to increase from fiscal 2025[5] Revenue per Client - Total revenue per AHSC was $26,283, an increase of 6% year-over-year[8] - Total revenue per AHSC increased to $26,283 in Q1 2025 from $24,900 in Q1 2024, marking a growth of 5.5%[39] Cash Position - Cash and cash equivalents as of April 30, 2025, were $90.9 million, up $6.7 million from January 31, 2025[8] - Cash and cash equivalents at the end of the period were $90,871,000, up from $79,527,000 at the end of the same period in 2024[24] - Net cash provided by operating activities was $14,850,000 for the three months ended April 30, 2025, compared to a cash outflow of $721,000 in the same period of 2024[24] - The company had no borrowings outstanding under its credit facility as of April 30, 2025, providing additional capital flexibility for growth opportunities[6] Revenue Outlook - The company maintains its revenue outlook for fiscal 2026, expecting revenue between $472 million and $482 million[4] - Adjusted EBITDA outlook for fiscal 2026 has been updated to a range of $85 million to $90 million, up from a previous range of $78 million to $88 million[5] Payment Metrics - Patient payment volume for Q1 2025 reached $1,314 million, up from $1,166 million in Q1 2024, representing an increase of approximately 12.7%[42] - Payment facilitator volume percentage increased to 82% in Q1 2025 from 81% in Q1 2024, indicating a slight growth in the proportion of transactions processed as a payment facilitator[42] - The company views patient payment volume as a key indicator of the health of its healthcare services clients' businesses and the shift of healthcare costs to patients[42] - Payment facilitator volume is a major driver of the company's payment processing revenue, with potential for slight decline in percentage as enterprise customer penetration increases[42] Expense Management - Total expenses decreased to $119,223,000 in Q1 2025 from $120,637,000 in Q1 2024, a reduction of 1.2%[20]
Macy's(M) - 2026 Q1 - Quarterly Results
2025-05-28 11:01
Financial Performance - Macy's, Inc. reported net sales of $4.6 billion, exceeding prior guidance, with a decrease of 5.1% compared to the first quarter of 2024[5]. - Comparable sales were down 2.0% on an owned basis and down 1.2% on an owned-plus-licensed-plus-marketplace basis, surpassing previous guidance[5]. - GAAP diluted EPS was $0.13, and adjusted diluted EPS was $0.16, both above the company's prior guidance range[5]. - Net sales for the 13 weeks ended May 3, 2025, were $4,599 million, a decrease of 5.1% compared to $4,846 million for the same period in 2024[28]. - Total revenue for the same period was $4,793 million, down from $5,000 million, reflecting a decline of 4.1%[28]. - Net income decreased to $38 million, compared to $62 million in the prior year, representing a decline of 38.7%[28]. - Basic earnings per share were $0.14, down from $0.22, a decrease of 36.4%[28]. - Adjusted diluted earnings per share for the 13 weeks ended May 3, 2025, was $0.16, down from $0.27 for the same period in 2024, a decrease of 40.7%[47]. Sales Growth - Bloomingdale's achieved comparable sales growth of 3.0% on an owned basis and 3.8% on an owned-plus-licensed-plus-marketplace basis[5]. - Bluemercury reported a 1.5% increase in comparable sales, marking its 17th consecutive quarter of growth[5]. - Comparable sales for Bloomingdale's increased by 3.0% on an owned basis for the 13 weeks ended May 3, 2025[45]. - The impact of departments licensed to third parties contributed 0.8% to comparable sales on an owned-plus-licensed-plus-marketplace basis for Macy's[45]. - The decrease in comparable sales on an owned basis for Macy's go-forward business was 1.8% for the 13 weeks ended May 3, 2025[45]. - The company experienced a decrease in comparable sales on an owned-plus-licensed basis of 0.8% for the 13 weeks ended May 3, 2025[45]. Financial Returns and Guidance - The company returned approximately $152 million to shareholders, including $51 million in cash dividends and $101 million in share repurchases[5]. - The company expects annual net sales guidance to remain unchanged at $21.0 billion to $21.4 billion for 2025[19]. - Adjusted diluted earnings per share guidance for 2025 is projected to be between $1.60 and $2.00[19]. Operational Metrics - Adjusted EBITDA was $324 million, or 6.8% of total revenue, compared to $364 million, or 7.3% of total revenue in the first quarter of 2024[11]. - Adjusted EBITDA for the 13 weeks ended May 3, 2025, was $324 million, down from $364 million for the same period in 2024, representing a decrease of 11%[46]. - Core Adjusted EBITDA for the 13 weeks ended May 3, 2025, was $308 million, down from $363 million for the same period in 2024, a decrease of 15.1%[46]. Cash Flow and Assets - Cash and cash equivalents at the end of the period were $932 million, down from $1,306 million[30]. - Total assets decreased to $16,089 million from $16,402 million, a decline of 1.9%[30]. - Total current liabilities decreased to $4,387 million from $4,524 million, a reduction of 3.0%[30]. - The company reported a net cash used by operating activities of $64 million, compared to a net cash provided of $129 million in the prior year[33]. - The company incurred $100 million in capital expenditures during the period, down from $154 million in the previous year[33]. Debt and Financial Adjustments - The company reported a loss on extinguishment of debt of $3 million for the 13 weeks ended May 3, 2025[46].
Dick's Sporting Goods(DKS) - 2026 Q1 - Quarterly Results
2025-05-28 11:01
Financial Results - Dick's Sporting Goods announced preliminary financial results for Q1 2025, with unaudited figures subject to revision[5]. Merger Agreement - The company executed a merger agreement with Foot Locker, with Foot Locker becoming a wholly owned subsidiary of Dick's Sporting Goods[7]. - Dick's Sporting Goods plans to file a registration statement with the SEC regarding the merger, which will include a proxy statement for Foot Locker shareholders[15]. - DICK'S Sporting Goods and Foot Locker are involved in a proxy solicitation related to a transaction, with relevant materials to be filed with the SEC[19]. - Investors are advised to read the proxy statement/prospectus carefully before making any voting or investment decisions[19]. - Documents filed with the SEC by DICK'S Sporting Goods will be available free of charge on their investor website[19]. - Foot Locker's SEC filings will also be accessible for free on their investor website[19]. Operational Efficiencies - The merger is expected to enhance operational efficiencies and expand market reach, although specific financial benefits were not detailed[11]. - Dick's Sporting Goods and Foot Locker's combined strategies aim to leverage their respective strengths in the sporting goods market[11]. - The merger is anticipated to create a stronger competitive position in the industry, although exact projections for future performance were not provided[11]. - The transaction is part of a broader strategy to enhance shareholder value and capitalize on growth opportunities in the sporting goods sector[11]. Risks and Approvals - The company highlighted potential risks associated with the merger, including macroeconomic conditions and integration challenges[12]. - The company emphasized the importance of regulatory and shareholder approvals for the successful completion of the merger[13]. - Dick's Sporting Goods intends to keep investors informed through SEC filings and other communications regarding the merger[16].
Photronics(PLAB) - 2025 Q2 - Quarterly Results
2025-05-28 11:00
Revenue Performance - Revenue for Q2 FY2025 was $211.0 million, a decrease of 3% year-over-year and 1% sequentially[3]. - Integrated Circuit (IC) revenue was $155.9 million, down 3% year-over-year but up 1% sequentially[3]. - Flat Panel Display (FPD) revenue was $55.1 million, down 2% year-over-year and 5% sequentially[3]. - For Q3 FY2025, revenue guidance is expected to be between $200 million and $208 million, with non-GAAP net income per diluted share between $0.35 and $0.41[4]. Net Income and Earnings Per Share - GAAP net income attributable to shareholders was $8.9 million, or $0.15 per diluted share, compared to $36.3 million, or $0.58 per diluted share in Q2 FY2024[3]. - Non-GAAP net income attributable to shareholders was $24.3 million, or $0.40 per diluted share, down from $28.7 million, or $0.46 per diluted share in Q2 FY2024[3]. - GAAP net income attributable to Photronics, Inc. shareholders for the three months ended May 4, 2025, was $8.861 million, a decrease from $42.851 million in the previous quarter[18]. - Non-GAAP net income attributable to Photronics, Inc. shareholders was $24.259 million, compared to $32.383 million in the previous quarter[18]. - GAAP diluted earnings per share attributable to Photronics, Inc. shareholders decreased to $0.15 from $0.68 in the previous quarter[18]. - Non-GAAP diluted earnings per share attributable to Photronics, Inc. shareholders was $0.40, down from $0.52 in the previous quarter[18]. Cash Flow and Investments - Cash generated from operating activities was $31.5 million, with $60.5 million invested in organic growth and $72.1 million returned to shareholders through stock repurchases[9]. - Cash, cash equivalents, and short-term investments at the end of the quarter totaled $558.4 million[9]. - The company repurchased $72 million of its stock during the quarter as part of its strategy to return cash to shareholders[2]. Foreign Exchange Impact - Foreign exchange (FX) gain/loss for the quarter was a loss of $31.111 million, compared to a gain of $18.443 million in the previous quarter[18]. - Estimated tax effects of FX gain/loss were $(8.337) million, compared to $5.152 million in the previous quarter[18]. - Estimated noncontrolling interest effects related to FX were $(7.376) million, compared to $2.823 million in the previous quarter[18]. Management Changes - The transition of CEO from Dr. Frank Lee to Mr. George Macricostas was announced, with Dr. Lee remaining involved in Asia operations[1]. Overall Financial Performance - The company experienced a decrease in non-GAAP adjustments, with effects of $(0.25) per share compared to $(0.16) in the previous quarter[18]. - Overall, the financial performance indicates a significant decline in both net income and earnings per share compared to the previous quarter[18].
Capri (CPRI) - 2025 Q4 - Annual Results
2025-05-28 10:58
Financial Performance - Total revenue for Q4 Fiscal 2025 was $1.0 billion, a decrease of 15.4% year-over-year, and a 14.1% decrease on a constant currency basis[10] - Gross profit was $631 million with a gross margin of 61.0%, down from $767 million and 62.7% in the prior year[10] - Net loss was $645 million, or $(5.44) per diluted share, compared to a net loss of $472 million, or $(4.03) per diluted share, in the prior year[10] - Total revenue for the three months ended March 29, 2025, was $1,035 million, a decrease of 15.4% compared to $1,223 million for the same period in 2024[30] - Gross profit for the three months ended March 29, 2025, was $631 million, down from $767 million in the prior year, representing a decline of 17.7%[30] - Net loss attributable to Capri for the three months ended March 29, 2025, was $645 million, compared to a net loss of $472 million for the same period in 2024, indicating a 36.6% increase in losses[30] - For the fiscal year ended March 29, 2025, total revenue was $4,442 million, down 14.1% from $5,170 million in the previous fiscal year[36] - The diluted net loss per ordinary share for the fiscal year ended March 29, 2025, was $10.00, compared to a diluted net income of $5.89 per share in the previous year[41] Revenue by Brand - Michael Kors revenue decreased by 15.6% to $694 million, while Jimmy Choo revenue decreased by 2.9% to $133 million[10] - Michael Kors revenue for the three months ended March 29, 2025, was $694 million, a decrease of 15.6% from $822 million in the same period last year[32] - Versace revenue for the three months ended March 29, 2025, was $208 million, down 21.2% from $264 million in the prior year[32] - Versace's revenue for the fiscal year ended March 29, 2025, was $821 million, a decrease of 20.3% from $1,030 million in the previous year[36] - Jimmy Choo revenue for the three months ended March 29, 2025, was $133 million, a slight decrease of 2.9% compared to $137 million in the same period in 2024[32] Future Outlook - Capri Holdings expects total revenue for Fiscal 2026 to be approximately $3.3 to $3.4 billion, with an operating income around $100 million[16] - The company anticipates diluted earnings per share for Fiscal 2026 to be approximately $1.20 to $1.40[16] - The company aims to grow Michael Kors to $4 billion in revenue and Jimmy Choo to $800 million over time, while restoring operating margin to the double-digit range[4] Cash Flow and Assets - Cash flow from operating activities for Fiscal 2025 was $281 million, resulting in free cash flow of $153 million after capital expenditures of $128 million[10] - Net inventory as of March 29, 2025, was $869 million, reflecting a 1% increase compared to the prior year[10] - Total current assets decreased to $1,521 million as of March 29, 2025, from $1,608 million as of March 30, 2024, reflecting a decline of 5.4%[28] - Total liabilities decreased to $4,841 million as of March 29, 2025, from $5,089 million as of March 30, 2024, a reduction of 4.9%[28] Operational Changes - The number of retail stores decreased to 1,158 as of March 29, 2025, down from 1,239 as of March 30, 2024, representing a decline of 6.5%[34] - The operating margin for Capri was (11.2)% for the three months ended March 29, 2025, compared to (44.4)% in the same period last year, showing improvement[32] - The operating margin for the three months ended March 29, 2025, was -11.2%, compared to 7.5% in the same period last year[38] Transformation Initiatives - The company is undergoing a multi-year ERP implementation to standardize finance IT applications across its organization[38] - The Capri transformation program aims to improve operational effectiveness and efficiency, with a focus on digital capabilities and shared platforms across brands[41] - The majority of operational and IT projects were paused during Fiscal 2024, with reassessment planned for Fiscal 2026[41] - The Capri transformation program aims to enhance operational effectiveness and efficiency through multi-year initiatives across various operational aspects, including supply chain and digital capabilities[46][48] Previous Fiscal Year Performance - For the fiscal year ended March 30, 2024, gross profit was $3,339 million, while operating expenses totaled $3,580 million, leading to a total operating loss of $241 million and an operating margin of (4.7)%[48] - The net loss attributable to Capri for the three months ended March 30, 2024, was $472 million, translating to a diluted net loss per ordinary share of $(4.03)[44] - For the fiscal year ended March 30, 2024, the net loss attributable to Capri was $229 million, with a diluted net loss per ordinary share of $(1.96)[48] - The company incurred foreign currency losses of $21 million in the three months ended March 30, 2024, and $37 million for the fiscal year ended March 30, 2024[44][48] - Asset impairment charges primarily related to the impairment of goodwill and intangible assets for the Jimmy Choo and Versace brands[44][48] Share Information - The weighted average diluted ordinary shares outstanding were 117,156,327 for the three months ended March 30, 2024, and 117,014,420 for the fiscal year ended March 30, 2024[44][48]
Columbus McKinnon(CMCO) - 2025 Q4 - Annual Results
2025-05-28 10:44
Financial Performance - Net sales totaled $963.0 million, down 5%, impacted by short cycle order softness and longer delivery times for project-related orders [3]. - Net loss of $5.1 million with a net margin of (0.5%), including $22.1 million in non-cash pension settlement costs and $10.3 million related to the pending acquisition of Kito Crosby [3]. - Adjusted EPS for Q4 FY 25 was $0.60, down 20% from the previous year [5]. - Net sales for the year ended March 31, 2025, decreased by 5.0% to $963.0 million from $1,013.5 million in the previous year [18]. - Gross profit margin declined to 33.8% from 37.0%, with gross profit falling by 13.1% to $325.7 million [18]. - Income from operations dropped significantly by 49.1% to $54.6 million, resulting in an operating margin of 5.7% compared to 10.6% in the prior year [18]. - Net loss for the year was $5.1 million, a stark contrast to the net income of $46.6 million reported for the previous year [18]. - For the three months ended March 31, 2025, net sales were $246.9 million, down 7.0% from $265.5 million in the same period last year [20]. - The company reported a significant decline in income from operations for the quarter, down 80.6% to $4.9 million, with an operating margin of 2.0% [20]. - Average basic shares outstanding remained relatively stable at 28.7 million, with basic loss per share reported at $(0.09) compared to earnings of $0.41 in the prior year [20]. - Net income for the three months ended March 31, 2025, was $(2.684) million, compared to $11.809 million for the same period in 2024, indicating a significant decline [44]. - Adjusted EBITDA for the three months ended March 31, 2025, was $36.069 million, down from $42.977 million in the prior year, reflecting a decrease of approximately 16.5% [44]. - Net sales for the three months ended March 31, 2025, were $246.889 million, a decrease of 7% from $265.504 million in the same period of 2024 [44]. - The net income margin for Q1 2025 was (1.1)%, compared to a positive margin of 4.4% in Q1 2024, highlighting a shift to a loss position [44]. - Adjusted EBITDA margin for Q1 2025 was 14.6%, down from 16.2% in Q1 2024, indicating a decline in operational efficiency [44]. Orders and Backlog - Record orders reached $1.0 billion, an increase of 3%, with an 8% growth in project-related business and a 19% increase in precision conveyance [3]. - Backlog increased to $322.5 million, up $41.7 million or 15% [3]. - Backlog increased to $322.5 million as of March 31, 2025, up from $296.5 million at December 31, 2024, representing an increase of 8.4% [31]. - Long-term backlog as a percentage of total backlog rose to 59.0% from 56.0% year-over-year [31]. Cash Flow and Assets - Net cash provided by operating activities was $35.6 million for the three months ended March 31, 2025, compared to $11.4 million in the previous quarter [31]. - Free Cash Flow for the three months ended March 31, 2025, was $29.5 million, significantly higher than $6.2 million in the previous quarter [31]. - Total assets decreased to $1.74 billion from $1.83 billion, while total liabilities also declined to $856.7 million from $943.9 million [22][23]. Expenses and Costs - Research and development expenses decreased by 8.9% to $23.9 million, representing 2.5% of net sales [18]. - Acquisition deal and integration costs amounted to $11.014 million for the three months ended March 31, 2025, compared to only $3,000 in the same period last year [44]. - The company incurred $3.161 million in costs related to the startup of a new factory in Monterrey, MX, for the three months ended March 31, 2025 [44]. - Interest and debt expense for Q1 2025 was $8.141 million, slightly down from $9.169 million in Q1 2024 [44]. Strategic Initiatives - The acquisition of Kito Crosby is anticipated to enhance the company's product offerings and geographic reach, with closing expected later in the calendar year [6][7]. - The company plans to allocate capital to pay down debt while maintaining consistent dividend payments [8]. - The company is actively working to mitigate tariff impacts through supply chain adjustments and pricing strategies [2]. Dividends - The company declared dividends of $0.28 per common share, consistent with the previous year [18].