Invesco Mortgage Capital Inc. To Announce First Quarter 2025 Results
Prnewswire· 2025-04-23 20:15
Company Overview - Invesco Mortgage Capital Inc. is a real estate investment trust focused on investing in, financing, and managing mortgage-backed securities and other mortgage-related assets [3] - The company is externally managed and advised by Invesco Advisers, Inc., a wholly-owned subsidiary of Invesco Ltd., a leading independent global investment management firm [3] Upcoming Financial Results - Invesco Mortgage Capital Inc. will announce its first quarter 2025 results on May 7, 2025, after market close [1] - A conference call and audio webcast to review these results will take place on May 8, 2025, at 9:00 a.m. ET, featuring key executives including the CEO, CIO, President, COO, and CFO [1] Participation Details - A presentation will be available on the company's website prior to the call [2] - Participants can join the call using the North America Toll-Free number 888-982-7409 or the International Toll number 1-212-287-1625, with the passcode "Invesco" [2] - An audio replay of the call will be available until May 22, 2025 [2]
Drilling Tools International Corp. Announces 2025 First Quarter Earnings Release and Conference Call Schedule
Prnewswire· 2025-04-23 20:15
HOUSTON, April 23, 2025 /PRNewswire/ -- Drilling Tools International Corp., (NASDAQ: DTI) ("DTI" or the "Company"), a global oilfield services company that designs, engineers, manufactures and provides a differentiated, rental-focused offering of tools for use in onshore and offshore horizontal and directional drilling operations, as well as other cutting-edge solutions across the well life cycle, today announced that it plans to report 2025 first quarter financial results prior to the Company's live confer ...
UnitedHealth Stock Crash: 3 Better Dow Jones Dividend Stocks to Buy Now
The Motley Fool· 2025-04-23 20:14
After UnitedHealth Group (UNH 0.25%) delivered a surprisingly weak first-quarter report last Thursday, its stock price crashed more than 22% on Friday -- the insurer's worst single-session drop since August 1998. Prior to that sell-off, UnitedHealth was the largest component in the price-weighted Dow Jones Industrial Average (^DJI 1.07%). Now, the baton has been passed to Goldman Sachs.Numerous top Dow holdings have sold off considerably this year, pushing the index into correction territory -- defined as a ...
IBM beats on earnings and revenue, maintains full-year guidance
CNBC· 2025-04-23 20:11
IBM CEO Arvind Krishna speaks at the SXSW conference in Austin, Texas, on March 11, 2025.IBM reported better-than-expected earnings and revenue for the first quarter on Wednesday. The stock slipped 4% in extended trading.Here's how the company performed:Earnings per share: $1.60 adjusted vs. $1.40 expectedRevenue: $14.54 billion vs. $14.4 billion expectedRevenue increased 0.6% in the quarter from $14.5 billion a year earlier, according to a statement. Net income slid to $1.06 billion, or $1.12 per share, fr ...
CHIPOTLE ANNOUNCES FIRST QUARTER 2025 RESULTS
Prnewswire· 2025-04-23 20:10
CHIPOTLE HIGHLIGHTS BRAND STRENGTH AND INNOVATION IN FIRST QUARTER RESULTSNEWPORT BEACH, Calif., April 23, 2025 /PRNewswire/ -- Chipotle Mexican Grill, Inc. (NYSE: CMG) today reported financial results for its first quarter ended March 31, 2025.First quarter highlights, year over year: Total revenue increased 6.4% to $2.9 billion Comparable restaurant sales decreased 0.4% Operating margin was 16.7%, an increase from 16.3% Restaurant level operating margin1 was 26.2%, a decrease from 27.5% Diluted earnings ...
IBM RELEASES FIRST-QUARTER RESULTS
Prnewswire· 2025-04-23 20:08
Results exceed expectations driven by strong Software revenue growth, significant gross margin expansion and solid free cash flowARMONK, N.Y., April 23, 2025 /PRNewswire/ -- IBM (NYSE: IBM) today announced first-quarter 2025 earnings results."We exceeded expectations for revenue, profitability and free cash flow in the quarter, led by strength across our Software portfolio. There continues to be strong demand for generative AI and our book of business stands at more than $6 billion inception-to-date, up mor ...
Google forcing some remote workers to come back 3 days a week or lose their jobs
CNBC· 2025-04-23 20:05
Sundar Pichai, CEO of Google and Alphabet Inc., speaks at the inaugural 2024 Business, Government, and Society Forum at the Stanford Graduate School of Business in Stanford, California, on April 3, 2024.Five years removed from the onset of the Covid pandemic, Google is demanding that some remote employees return to the office if they want to keep their jobs and avoid being part of broader cost cuts at the company.Several units within Google have told remote staffers that their roles may be at risk if they d ...
First Bancorp Reports First Quarter Results
Prnewswire· 2025-04-23 20:05
Core Viewpoint - First Bancorp reported strong financial performance for the first quarter of 2025, with significant increases in net income and earnings per share compared to previous quarters, driven by enhanced net interest income and effective expense management [1][5][19]. Financial Performance - Net income for Q1 2025 was $36.4 million, or $0.88 diluted earnings per share (D-EPS), compared to $3.6 million ($0.08 D-EPS) in Q4 2024 and $25.3 million ($0.61 D-EPS) in Q1 2024 [1]. - Adjusted net income increased to $34.9 million in Q1 2025 from $31.7 million in Q4 2024 and $25.3 million in Q1 2024 [6][19]. Net Interest Income and Margin - Net interest income reached $92.9 million in Q1 2025, up 4.5% from $88.8 million in Q4 2024 and 17.2% from $79.3 million in Q1 2024 [2][8]. - The tax-equivalent net interest margin (NIM-T/E) expanded to 3.27% in Q1 2025 from 3.08% in Q4 2024 and 2.80% in Q1 2024 [2][6]. Expense Management - Noninterest expenses decreased to $57.9 million in Q1 2025 from $58.3 million in Q4 2024 and $59.2 million in Q1 2024, reflecting effective cost control measures [3][20]. - The reduction in expenses was driven by decreases in bankcard and personnel expenses [20][21]. Credit Quality - The nonperforming assets (NPA) to total assets ratio was 0.27% as of March 31, 2025, down from 0.30% in both Q4 2024 and Q1 2024, indicating strong asset quality [17][18]. - Net charge-offs for Q1 2025 were $3.3 million, representing an annualized 0.17% of average loans [7][17]. Loan and Deposit Growth - Total loans amounted to $8.1 billion at March 31, 2025, reflecting a growth of $8.4 million (0.42%) from Q4 2024 and $26.5 million (0.33%) from Q1 2024 [14][25]. - Total deposits increased to $10.7 billion, up $214.1 million (8.2%) from Q4 2024 and $441.3 million (4.3%) from Q1 2024 [28]. Capital and Liquidity - The estimated total risk-based capital ratio was 16.79% as of March 31, 2025, an increase from 16.63% in Q4 2024 and 15.85% in Q1 2024, indicating strong capital position [30][32]. - The on-balance sheet liquidity ratio was 19.8% at March 31, 2025, with total liquidity ratio reaching 36.4% [34][33].
EastGroup Properties Announces First Quarter 2025 Results
Prnewswire· 2025-04-23 20:05
Core Insights - EastGroup Properties, Inc. reported a decrease in earnings per share (EPS) to $1.14 for Q1 2025, down from $1.22 in Q1 2024, primarily due to various operational factors [4][12] - Funds from operations (FFO) attributable to common stockholders increased by 8.6% to $2.15 per diluted share compared to $1.98 in the same period last year [4][5] - The company experienced a 13.3% increase in property net operating income (PNOI), amounting to $126.18 million for Q1 2025, compared to $111.36 million in Q1 2024 [6][13] Financial Performance - EPS for Q1 2025 was $1.14, a decrease from $1.22 in Q1 2024 [4][12] - FFO per diluted share was $2.15, up from $1.98, marking an 8.6% increase [4][5] - PNOI increased by $14.82 million, or 13.3%, driven by acquisitions and same property operations [6][13] Operational Highlights - The operating portfolio was 97.3% leased and 96.5% occupied as of March 31, 2025, compared to an average occupancy of 95.8% in Q1 2024 [12] - Rental rates on new and renewal leases increased by an average of 46.9% during Q1 2025 [7][12] - The company signed 30% more square feet of operating portfolio leases in Q1 2025 compared to the same period in 2024 [12] Development and Value-Add Projects - EastGroup began construction on a 262,000 square foot redevelopment project in Los Angeles, with a projected cost of $7.7 million [10] - As of March 31, 2025, the development and value-add program included 20 projects totaling 4.03 million square feet, with a projected total cost of $573.2 million [11] Dividend and Shareholder Returns - A cash dividend of $1.40 per share was declared for Q1 2025, marking the 181st consecutive quarterly cash distribution [16] - The annualized dividend rate of $5.60 per share represents a dividend yield of 3.5% based on the closing stock price of $158.87 on April 22, 2025 [16] Financial Strength and Flexibility - The debt-to-total market capitalization ratio was 13.7% as of March 31, 2025, indicating a strong balance sheet [17] - The interest and fixed charge coverage ratio was 15.0x for Q1 2025, reflecting the company's ability to meet its financial obligations [17] - EastGroup refinanced a $100 million senior unsecured term loan, reducing the effective interest rate to 4.97% [18]
Century Communities Reports First Quarter 2025 Results
Prnewswire· 2025-04-23 20:05
- Deliveries of 2,284 Homes Generating $903.2 Million in Total Revenues -- Net New Home Contracts of 2,692 -- Net Income of $39.4 Million, or $1.26 Per Diluted Share -- Adjusted Net Income of $42.2 Million, or $1.36 Per Diluted Share –- Community Count Increased 26% YoY to 318 -GREENWOOD VILLAGE, Colo., April 23, 2025 /PRNewswire/ -- Century Communities, Inc. (NYSE: CCS), one of the nation's largest homebuilders, today announced financial results for its first quarter ended March 31, 2025.First Quarter 2025 ...