CARLSBAD, Calif., May 14, 2025 (GLOBE NEWSWIRE) -- Natural Alternatives International, Inc. ("NAI") (Nasdaq: NAII), a leading formulator, manufacturer, and marketer of customized nutritional supplements, today announced a net loss of $2.2 million, or $0.37 per diluted share, on net sales of $28.8 million for the third quarter of fiscal year 2025 compared to a net loss of $1.6 million, or $0.27 per diluted share, in the third quarter of the prior fiscal year. Net sales during the three months ended March 31, ...

New York, NY, May 14, 2025 (GLOBE NEWSWIRE) -- Texas Ventures Acquisition III Corp (Nasdaq: TVACU) (the “Company”) announced today that, commencing May 16, 2025, holders of the units sold in the Company’s initial public offering may elect to separately trade the Company’s Class A ordinary shares and warrants included in the units. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. The Class A ordinary shares and warrants that are separated will trade on th ...

CHICAGO, May 14, 2025 (GLOBE NEWSWIRE) -- Professional Diversity Network, Inc. (NASDAQ: IPDN), (“IPDN” or the “Company”), a global developer and operator of online and in-person networks that provides access to networking, training, educational and employment opportunities for diverse individuals, today announced its financial results for the quarter ended March 31, 2025. “Despite ongoing market challenges, we have attracted increased investor interest, driven by enhanced operational efficiency and stronger ...

Core Viewpoint - Armlogi Holding Corp. reported significant revenue growth in Q3 and the first nine months of fiscal 2025, but faced increased operational costs leading to net losses and reduced profitability margins [2][7][12]. Financial Performance Three Months Ended March 31, 2025 - Total revenue increased by approximately $7.4 million, or 19.3%, to $45.8 million compared to $38.4 million in the same period of 2024 [2]. - Costs of sales rose by approximately $10.5 million, or 29.8%, to $45.6 million, primarily due to higher operational costs and expansion [3]. - Gross profit decreased to $0.28 million, down from $3.32 million, resulting in a gross profit margin of approximately 0.6%, compared to 8.6% in the prior year [4]. - General and administrative expenses increased to $4.47 million from $3.27 million, leading to a loss from operations of $4.19 million, compared to a profit of $0.05 million in the same period last year [5]. - The net loss was $3.76 million, or ($0.09) per share, compared to a net income of $0.68 million, or $0.02 per share, for the same period in 2024 [6]. Nine Months Ended March 31, 2025 - Total revenue increased by approximately $17.8 million, or 14.6%, to $139.5 million compared to $121.7 million in the same period of 2024 [7]. - Costs of sales increased by approximately $36.85 million, or 35.0%, to $142.3 million, reflecting expanded operations and market pressures [8]. - The overall gross loss was $2.85 million, a shift from a gross profit of $16.23 million, resulting in a negative gross profit margin of approximately (2.0)% compared to a positive margin of 13.3% in the prior year [9]. - General and administrative expenses rose to $10.80 million from $8.10 million, leading to a loss from operations of $13.65 million, compared to a profit of $8.13 million in the same period last year [10]. - The net loss for the nine months was $10.06 million, or ($0.24) per share, compared to a net income of $7.18 million, or $0.18 per share, for the same period in 2024 [11]. Management Commentary - The CEO highlighted ongoing revenue growth amid significant operational investments and market-related cost pressures impacting profitability [12]. - Recent developments in U.S.-China trade talks have led to reduced tariffs, which may positively affect Armlogi and the logistics sector [12]. - The company is focused on optimizing its warehouse footprint and enhancing operational efficiencies while prioritizing sustainable growth and improved profitability [12].

Core Insights - Edible Garden AG Incorporated has acquired assets from NaturalShrimp Farms Inc. for $12 million in preferred stock, enhancing its balance sheet and increasing shareholder equity [1][3] - The acquisition includes patented water treatment technologies and a shrimp farming facility, which will support Edible Garden's sustainability initiatives and vertically integrated model [1][2] Financial Impact - The transaction strengthens Edible Garden's financial position by adding $3 million in cash through a private placement, with a total investment in preferred stock reaching $15.5 million [1][3] - The acquisition is structured to avoid additional debt, aligning with the company's capital-efficient growth strategy [3] Strategic Initiatives - The patented water treatment technology is expected to improve agricultural efficiency and sustainability across Edible Garden's controlled environment agriculture (CEA) operations [2][3] - The Iowa facility is anticipated to serve as a scalable platform for advanced research and expanded herb production, reinforcing the company's leadership in sustainable food production [3] Collaborations and Innovations - Edible Garden collaborates with organizations like the EPA and FDA, yielding results such as a 55% increase in crop yield and a 30% reduction in harvest cycle duration through nanobubble irrigation trials [4] - The company is recognized as a "Giga-Guru" in Walmart's Project Gigaton initiative, aiming to eliminate one billion metric tons of emissions from the global supply chain by 2030 [4] Market Position - Edible Garden is positioned as a leader in controlled environment agriculture, with its products available in over 5,000 stores across the US, Caribbean, and South America [7] - The company has been named a Top 50 company in the 2024 FoodTech 500 by Forward Fooding, highlighting its impact at the intersection of food, technology, and sustainability [4][7]

Core Insights - Bird Construction's diversification and strategic focus on key market sectors have led to a resilient business model, driving top-line growth and margin improvement, with over $1.3 billion in new contracts awarded in Q1 2025 [1][2] - The company has a record backlog of contracted and awarded work, providing good visibility into revenue growth and margin accretion for 2025 and 2026 [1][2] Financial Highlights - Q1 2025 revenues increased by 4% year-over-year to $717.6 million, compared to $688.2 million in Q1 2024 [5][4] - Net income for Q1 2025 was $9.4 million, down from $10.0 million in Q1 2024, while adjusted earnings increased by 14% to $12.9 million [5][4] - Adjusted EBITDA rose by 41% to $34.1 million, with an adjusted EBITDA margin of 4.8%, up from 3.5% in the previous year [5][4] Backlog and Contracts - The backlog of contracted work grew by 16.4% to over $4.3 billion, the highest in the company's history, with $1.3 billion added in Q1 2025 [9][5] - The pending backlog at the end of Q1 2025 was $4.0 billion, including over $950 million in recurring revenue from master service agreements [9][5] Recent Projects and Awards - In Q1 2025, Bird was awarded five projects valued at approximately $470 million, including significant contracts in infrastructure and industrial maintenance [9][5] - Subsequent to Q1 2025, the company announced additional projects worth over $650 million, further expanding its portfolio [9][5] Liquidity and Capital Allocation - As of March 31, 2025, Bird had $137.8 million in cash and cash equivalents, with an additional $336.7 million available under its credit facility, supporting growth-related investments and potential acquisitions [9][5] - The company declared dividends of $0.07 per common share for March and April 2025 [9][5]

Core Insights - Stantec reported a strong first quarter for 2025, with net revenue increasing by 13.3% year-over-year to $1.6 billion, driven by both organic growth of 5.9% and acquisition growth of 3.2% [3][6][11] - The company achieved an adjusted EBITDA of $252.3 million, reflecting a 19.1% increase, and an adjusted EBITDA margin of 16.2%, which is a 70 basis point improvement compared to the same quarter in 2024 [3][6][11] - Stantec's backlog reached a record high of $7.9 billion, up 12.8% year-over-year, indicating strong future revenue potential [4][6][11] Financial Performance - Net income for Q1 2025 increased by 29.8% to $100.1 million, with diluted EPS rising by 29.4% to $0.88 [11][12] - Adjusted net income grew by 28.9% to $132.8 million, achieving 8.6% of net revenue, an increase of 110 basis points [11][12] - Operating cash flows increased significantly by 135.8% to $100.7 million, demonstrating strong cash flow generation [11] Growth Strategy - Stantec reaffirmed its 2025 guidance, targeting net revenue growth of 7% to 10%, with adjusted EBITDA margin expected to be between 16.7% and 17.3% [5][8][9] - The company is optimistic about organic growth in both the US and Canada, expecting mid- to high-single-digit growth driven by a robust backlog [8][10] - Stantec has entered into definitive agreements to acquire Page and Ryan Hanley, which will enhance its capabilities and expand its workforce by over 1,500 team members [4][6][15] Market Position - The acquisition of Page, a 1,400-person architecture and engineering firm, positions Stantec to become the second largest architecture firm in the US, enhancing its expertise in advanced manufacturing and healthcare [4][6][11] - The acquisition of Ryan Hanley strengthens Stantec's presence in the Irish water sector, further diversifying its service offerings [15] Segment Performance - In Q1 2025, net revenue by region showed strong performance, with Canada achieving 12.2% organic growth, the US growing by 2.4%, and Global operations increasing by 7.5% [13] - The project margin increased to 54.3%, reflecting solid project execution and effective cost management [11][12] Future Outlook - Stantec anticipates continued strong demand and operational performance, with a focus on maintaining high project margins and effective cost management strategies [9][10] - The company expects adjusted EPS growth of 16% to 19% compared to 2024, indicating confidence in its financial trajectory [10]

Core Points - Goodfellow Inc. announced that all resolutions presented at its Annual Meeting of Shareholders were passed, with 5,926,983 shares represented, accounting for 70.38% of the outstanding shares [1] Group 1: Election of Directors - Six nominees for directors were elected, with the following voting results: - Alain Côté received 4,929,525 votes (83.32% for) - David A. Goodfellow received 3,787,060 votes (64.01% for) - G. Douglas Goodfellow received 3,787,060 votes (64.01% for) - Robert Hall received 4,928,800 votes (83.31% for) - Marie-Hélène Nolet received 5,895,584 votes (99.65% for) - Sarah Prichard received 3,879,637 votes (65.57% for) [2] Group 2: Appointment of Auditor - KPMG LLP was reappointed as the Company's auditor, with 5,912,734 votes (99.76% in favor) and 14,249 votes (0.24% withheld) [3] Group 3: Company Overview - Goodfellow is a diversified manufacturer of value-added lumber products and a wholesale distributor of building materials and floor coverings, serving both commercial and residential sectors across Canada and the Northeastern U.S. [4]

Core Insights - Diversified Royalty Corp. reported strong financial results for Q1 2025, with adjusted revenue of $17.0 million, up 3.6% from $16.4 million in Q1 2024, driven by positive same-store sales growth (SSSG) from key partners [3][5][6] - The company continues to experience mixed results from its variable royalty partners, while fixed royalty partners maintained their payments [3][4] - Leadership changes include the promotion of Greg Gutmanis to President and Chief Financial Officer, effective July 1, 2025, indicating a strategic focus on operational oversight and growth [20][21][22] Financial Performance - Q1 2025 revenue was $15.6 million, a 3.7% increase from $15.1 million in Q1 2024 [5][17] - Distributable cash rose to $11.1 million, up 16.3% from $9.6 million in Q1 2024, with a payout ratio of 93.8% [5][15][16] - Net income for Q1 2025 was $8.0 million, compared to $7.5 million in Q1 2024, attributed to higher adjusted revenues and lower expenses [17] Royalty Partner Updates - Mr. Lube + Tires achieved SSSG of 9.5% in Q1 2025, although down from 14.6% in Q1 2024, reflecting sustained growth [7] - Stratus reported royalty income of $2.4 million, with a fixed royalty increase of 5% effective November 2024 [8] - Nurse Next Door's royalty entitlement was $1.3 million, growing at a fixed rate of 2% per annum [9] - Mr. Mikes saw SSSG of 1.5%, a recovery from -5.5% in Q1 2024, indicating improved guest traffic [10] - Oxford Learning Centres reported SSSG of 5.5%, a significant improvement from -2.1% in Q1 2024 [11] - AIR MILES® royalty income decreased by 15.2% to $0.8 million due to ongoing softness in the rewards program [12] - Sutton's royalty income was $0.9 million, including a 20% deferral, compared to $1.1 million in Q1 2024 [13] - BarBurrito generated $2.1 million in royalty income, with a fixed growth rate of 4% per annum starting March 2025 [14] Leadership and Governance - The upcoming Annual General Meeting will address the election of directors and the appointment of KPMG LLP as auditors [19] - Sean Morrison will continue as CEO, focusing on strategic direction, while Greg Gutmanis will oversee day-to-day operations and growth initiatives [20][22]

Core Points - Helios Fairfax Partners Corporation (HFP) held its Annual and Special Meeting of Shareholders on May 14, 2025, where all nominated directors were elected [1] - The voting results showed that all nominees received overwhelming support, with most achieving 100% approval [1] - HFP's investment objective focuses on long-term capital appreciation while preserving capital through investments in public and private equity securities and debt instruments primarily in Africa [1] Voting Results Summary - Kofi Adjepong-Boateng received 2,803,539,832 votes for (100.0%) and 11,276 votes against (0.0%) [1] - Ken Costa received 2,803,526,608 votes for (100.0%) and 24,500 votes against (0.0%) [1] - Katherine Cunningham received 2,803,526,508 votes for (100.0%) and 24,600 votes against (0.0%) [1] - Lt. Gen. (ret.) Roméo Dallaire received 2,803,532,043 votes for (100.0%) and 19,065 votes against (0.0%) [1] - Christopher D. Hodgson received 2,791,546,771 votes for (99.6%) and 12,004,337 votes against (0.4%) [1] - Tope Lawani received 2,803,524,598 votes for (100.0%) and 26,510 votes against (0.0%) [1] - Quinn McLean received 2,803,525,608 votes for (100.0%) and 25,500 votes against (0.0%) [1] - Sahar Nasr received 2,803,541,498 votes for (100.0%) and 9,610 votes against (0.0%) [1] - Babatunde Soyoye received 2,803,539,498 votes for (100.0%) and 11,610 votes against (0.0%) [1] - Masai Ujiri received 2,803,106,532 votes for (100.0%) and 390,576 votes against (0.0%) [1]