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Absci to Report Business Updates and Third Quarter 2025 Financial and Operating Results on November 12, 2025
Globenewswire· 2025-10-29 20:05
Core Insights - Absci, a clinical-stage biotech company, is set to report its third quarter 2025 business updates and financial results on November 12, 2025, after market close [1] - A conference call will follow the report, starting at 4:30 p.m. Eastern Time, to discuss business developments and outlook [2] Company Overview - Absci is focused on drug discovery using generative design to create biologics more efficiently [3] - The company utilizes its Integrated Drug Creation™ platform, which combines AI models with a synthetic biology data engine for rapid therapeutic design [3] - Absci's pipeline includes ABS-101, aimed at treating inflammatory bowel disease, and ABS-201, a novel treatment for androgenetic alopecia [3] - The company operates from Vancouver, WA, with additional facilities in New York City and Switzerland [3]
Medallion Bank Reports 2025 Third Quarter Results and Declares Series G Preferred Stock Dividend
Globenewswire· 2025-10-29 20:05
Core Insights - Medallion Bank reported a net income of $19.8 million for Q3 2025, an increase from $15.5 million in the same quarter last year, driven by growth in recreation loans and stable performance in home improvement loans [3][6] - The bank's total loan portfolio was $2.3 billion as of September 30, 2025, down from $2.4 billion a year earlier, with recreation loans making up 66% of the total [6][7] - Strategic partnership loan originations reached a record $208 million in the quarter, indicating strong demand for consumer loans [3] Financial Performance - Net interest income increased to $55.9 million from $53.2 million year-over-year, with a net interest margin of 8.64%, up from 8.44% [6] - Total non-interest income rose to $2.3 million compared to $0.6 million in the prior year quarter [6] - The provision for credit losses decreased to $17.2 million from $20.2 million in the prior year quarter, reflecting improved asset quality [6] Loan Segments - The recreation loan portfolio was $1.546 billion as of September 30, 2025, with loan originations of $141.7 million, slightly up from $139.1 million in the prior year quarter [7] - Home improvement loan portfolio size was $804.0 million, down from $814.1 million a year earlier, with loan originations of $59.7 million [5][14] - Delinquencies for recreation loans increased to 4.97% from 4.15% year-over-year, while home improvement loans saw a decrease in delinquencies to 0.92% from 1.02% [7][14] Capital and Dividends - The bank's Tier 1 leverage ratio was 17.5% as of September 30, 2025, indicating strong capital position [6] - A quarterly cash dividend of $0.5625 per share on Series G preferred stock was declared, payable on January 2, 2026 [9]
Landmark Bancorp, Inc. Announces Third Quarter 2025 Earnings per Share of $0.85. Declares Cash Dividend of $0.21 per Share and 5% Stock Dividend
Globenewswire· 2025-10-29 20:05
Core Insights - Landmark Bancorp, Inc. reported a solid financial performance for the third quarter of 2025, with diluted earnings per share increasing to $0.85 from $0.75 in the previous quarter and $0.68 in the same quarter last year [1][4][24] - The company achieved net earnings of $4.9 million for the third quarter, up from $4.4 million in the prior quarter and $3.9 million in the same quarter of 2024, driven by growth in net interest income and non-interest income [1][4][24] Financial Performance - For the first nine months of 2025, diluted earnings per share reached $2.41, compared to $1.69 during the same period in 2024, with net earnings totaling $14.0 million, a 44.4% increase from $9.7 million in the first nine months of 2024 [2] - The return on average assets for the third quarter was 1.21%, and the return on average equity was 13.00%, reflecting improved profitability [1][6][27] Income and Expenses - Net interest income for the third quarter totaled $14.1 million, an increase of $411,000 or 3.0% from the previous quarter, and up $2.5 million or 21.5% from the same quarter last year [7][24] - Non-interest income increased to $4.1 million, a rise of $442,000 from the previous quarter, primarily due to gains on sales of residential mortgage loans and fees and service charges [8][24] - Non-interest expenses totaled $11.3 million, an increase of $290,000 or 2.6% compared to the prior quarter, driven by higher professional fees and occupancy expenses [9][24] Asset Quality - Non-performing loans decreased by $7.0 million to $10.0 million, representing 0.89% of gross loans, compared to 1.52% in the previous quarter [16] - The allowance for credit losses was $12.3 million, or 1.10% of total gross loans, down from $13.8 million or 1.23% in the prior quarter [15] Balance Sheet Highlights - As of September 30, 2025, total assets were $1.617 billion, with gross loans totaling $1.1 billion, largely consistent with the prior quarter [11][22] - Period-end deposit balances increased by $51.6 million to $1.3 billion, driven by increases in various deposit categories [12][22] - Stockholders' equity rose to $155.7 million, with a book value per share of $26.92, up from $24.18 a year earlier [13][14] Dividends - The Board of Directors declared a cash dividend of $0.21 per share, to be paid on November 26, 2025, and a 5% stock dividend payable on December 15, 2025, marking the 25th consecutive year of such dividends [4]
Climb Global Solutions Reports Third Quarter 2025 Results
Globenewswire· 2025-10-29 20:05
Core Insights - Climb Global Solutions reported a 35% increase in net sales to $161.3 million for Q3 2025 compared to $119.3 million in Q3 2024, driven by organic growth and the acquisition of Douglas Stewart Software & Services [5][8] - Gross billings rose 8% to $504.6 million from $465.2 million year-over-year, with the distribution segment contributing significantly [5][30] - The company declared a quarterly dividend of $0.17 per share, payable on November 17, 2025 [4] Financial Performance - Net income for Q3 2025 was $4.7 million or $1.02 per diluted share, down from $5.5 million or $1.19 per diluted share in Q3 2024 [8][9] - Adjusted net income decreased to $6.0 million or $1.31 per diluted share from $7.1 million or $1.55 per diluted share year-over-year [8][27] - Gross profit increased by 6% to $25.7 million compared to $24.3 million in the same period last year [6] Operational Metrics - Selling, general, and administrative (SG&A) expenses rose to $16.2 million from $13.9 million in the prior year, with SG&A as a percentage of gross billings increasing to 3.2% from 3.0% [7] - Adjusted EBITDA for Q3 2025 was $10.9 million, slightly down from $11.1 million in Q3 2024, reflecting a decrease in effective margin to 42.3% from 45.7% [10] - Cash and cash equivalents increased to $49.8 million as of September 30, 2025, compared to $29.8 million at the end of 2024 [11] Management Outlook - The CEO highlighted ongoing strategic initiatives, including a focus on acquisitions and expansion into European markets, to enhance offerings and market presence [3] - The company aims to leverage its robust balance sheet and track record of accretive M&A to achieve record results by the end of 2025 [3]
Mister Car Wash Announces Third Quarter 2025 Results
Globenewswire· 2025-10-29 20:05
Core Insights - Mister Car Wash reported a 6% increase in net revenues to $263.4 million for Q3 2025, compared to $249.3 million in Q3 2024 [8] - Comparable-store sales grew by 3.1% during the quarter, marking the tenth consecutive quarter of growth [3][8] - The company expanded its Unlimited Wash Club® memberships by 6%, reaching over 2.2 million members, a year-over-year increase of 117,000 members [8] - Five new greenfield locations were opened, bringing the total number of car wash locations to 527, a 5% increase from 501 locations a year earlier [8][9] - The company reiterated its full-year 2025 outlook, projecting net revenues between $1,046 million and $1,054 million [12] Financial Performance - Adjusted EBITDA for Q3 2025 increased by 10% to $86.8 million, up from $78.8 million in Q3 2024 [8] - Net income for Q3 2025 was reported at $27.4 million, with adjusted net income at $36.4 million [8] - For the nine months ended September 30, 2025, net revenues totaled $790.5 million, up from $743.6 million in the prior year [8] - Free cash flow for the nine months ended September 30, 2025, was $47.1 million, a significant improvement from $(61.1) million in the same period of 2024 [14][43] Operational Highlights - The company completed the acquisition of five stores in Lubbock, Texas, enhancing its market presence from four to nine locations [11] - UWC sales accounted for 77% of total wash sales, up from 74% in Q3 2024 [8] - The company plans to open approximately 30 new greenfield locations in 2025 [12] Balance Sheet and Cash Flow - As of September 30, 2025, cash and cash equivalents totaled $35.7 million, down from $67.5 million at the end of 2024 [14] - Net cash provided by operating activities for the nine months ended September 30, 2025, was $225.7 million, compared to $198.8 million for the same period in 2024 [14] - Total assets as of September 30, 2025, were $3.14 billion, an increase from $3.10 billion at the end of 2024 [36]
Ethan Allen Reports Fiscal 2026 First Quarter Results
Globenewswire· 2025-10-29 20:05
Core Insights - Ethan Allen Interiors Inc. reported a consolidated net sales of $147.0 million for the first quarter of fiscal 2026, a decrease of 4.8% from $154.3 million in the prior year [3][4][25] - The company achieved a gross margin of 61.4%, up from 60.8% in the previous year, reflecting strong demand and commitment to North American manufacturing [3][4][25] - Adjusted operating income was $10.6 million with an adjusted operating margin of 7.2%, down from 11.5% in the prior year, impacted by lower sales and increased marketing expenses [2][3][25] Financial Performance - Retail segment net sales were $128.6 million, down from $132.8 million year-over-year, while wholesale segment net sales increased slightly to $87.0 million from $86.1 million [3][4] - Selling, general and administrative expenses rose by 4.8% compared to the previous year, with marketing spend increasing to $5.1 million from $3.5 million [3][4] - The company reported a diluted EPS of $0.41, adjusted diluted EPS of $0.43, compared to $0.57 in the prior year [3][4][25] Cash Flow and Dividends - Operating cash flow for the quarter was $16.8 million, an increase from $15.1 million in the prior year, attributed to improved working capital [5][6][8] - Total cash and investments at the end of the quarter were $193.7 million, a slight decrease from $196.2 million at the end of the previous quarter [5][8] - The company paid $16.4 million in cash dividends, including a special cash dividend of $6.4 million, and announced a regular quarterly cash dividend of $0.39 per share [7][11][12] Market Position and Strategy - Ethan Allen was named America's 1 Premium Furniture Retailer for the third consecutive year, highlighting its strong brand loyalty and market presence [2][8] - The company continues to focus on vertical integration, manufacturing approximately 75% of its furniture in North America, which enhances production efficiency [2][3][8] - New design centers were opened in Colorado Springs, Greater Toronto, and Greater Houston, expanding the company's retail footprint [8][9]
Fluence Energy, Inc. Announces Fourth Quarter and Year-End 2025 Earnings Release Date, Conference Call and Webcast
Globenewswire· 2025-10-29 20:05
Core Points - Fluence Energy, Inc. will report its earnings for the fourth quarter and fiscal year ended September 30, 2025, on November 24, 2025, after market close [1] - A teleconference to discuss the results will be held on November 25, 2025, at 8:30 a.m. EST, requiring analysts to register in advance [2] - General audience participants can join the teleconference in a listen-only mode via a webcast link or the company's website [3] - A replay of the conference call will be available after 1 p.m. on November 25, 2025, on the company's website [4] Company Overview - Fluence Energy, Inc. is a global leader in intelligent energy storage and optimization software for renewables and storage, contributing to a more resilient grid and maximizing renewable portfolios [5] - The company has successfully contracted, deployed, and managed gigawatts of projects across nearly 50 markets, aiming for a sustainable future [5]
Shenandoah Telecommunications Company Reports Third Quarter 2025 Results
Globenewswire· 2025-10-29 20:05
Core Insights - Shenandoah Telecommunications Company ("Shentel") reported a significant increase in Adjusted EBITDA margin from 27% in Q2 2024 to 33% in Q3 2025, indicating strong operational efficiency following the Horizon acquisition [3][5] - Glo Fiber revenue and subscribers grew by 41% year-over-year, with total passings increasing by 21,000 sequentially to over 400,000 [3][5] Financial Performance - Total revenue for Q3 2025 was $89.8 million, a 2.5% increase compared to Q3 2024 [5] - Glo Fiber Expansion Markets revenue reached $21.3 million, reflecting a 41.1% growth due to a 41.3% increase in average subscribers [5][6] - Net loss from continuing operations was $9.4 million in Q3 2025, compared to a loss of $5.3 million in Q3 2024 [5][28] - Adjusted EBITDA increased by 11.8% to $29.7 million, with the Adjusted EBITDA margin expanding from 30% in Q3 2024 to 33% in Q3 2025 [5][28] Operational Highlights - The company constructed 20,000 Glo Fiber passings and added approximately 5,800 new Glo Fiber customers in Q3 2025 [6] - Residential & SMB - Incumbent Broadband Markets passings grew by 4,000 to a total of 248,000, with 89% of planned passings in previously unserved areas completed [6] - Commercial Fiber revenue declined by $1.1 million, primarily due to non-cash deferred revenue adjustments [6] Capital Expenditures and Financial Outlook - Capital expenditures for the nine months ended September 30, 2025, were $251.5 million, up from $226.5 million in the same period in 2024 [13] - The company reiterated its 2025 financial guidance, projecting total revenue between $352 million and $357 million, and Adjusted EBITDA between $113 million and $118 million [10][11] Liquidity and Debt - As of September 30, 2025, Shentel had total available liquidity of $212.6 million, including $22.6 million in cash and cash equivalents [13] - Total indebtedness was $535.4 million as of September 30, 2025 [13]
Sun Country Airlines Reports Third Quarter 2025 Results
Globenewswire· 2025-10-29 20:05
Revenue of $256 million, highest third quarter on record(1)GAAP diluted EPS of $0.03, operating income of $10 million and margin of 3.9%Adj. diluted EPS(2) of $0.07, adj. operating income(2) of $12 million and adj. margin(2) of 4.8%Thirteenth consecutive profitable quarter MINNEAPOLIS, Oct. 29, 2025 (GLOBE NEWSWIRE) -- Sun Country Airlines Holdings, Inc. (“Sun Country Airlines,” “Sun Country,” the “Company”) (NASDAQ: SNCY) today reported financial results for its third quarter ended September 30, 2025. “Sun ...
Rush Enterprises, Inc. Reports Third Quarter 2025 Results, Announces $0.19 Per Share Dividend
Globenewswire· 2025-10-29 20:05
Revenues of $1.9 billion, net income of $66.7 millionEarnings per diluted share of $0.83Challenging market conditions - particularly in new Class 8 truck sales - partially offset by strength of diversified business model in aftermarket, used truck sales and leasingAbsorption ratio 129.3%Board declares cash dividend of $0.19 per share of Class A and Class B common stock NEW BRAUNFELS, Texas, Oct. 29, 2025 (GLOBE NEWSWIRE) -- Rush Enterprises, Inc. (NASDAQ: RUSHA & RUSHB), which operates the largest network o ...