Alta Equipment Group Announces First Quarter 2025 Financial Results, Reaffirms Organic Guidance post-Business Divestiture, and Introduces Rebalancing in Capital Allocation Strategy
GlobeNewswire· 2025-05-07 20:15
First Quarter Financial Highlights: Total revenues decreased $18.6 million year over year to $423.0 millionConstruction Equipment and Material Handling revenues of $245.8 million and $157.9 million, respectivelyProduct support revenues increased modestly year over year to $138.1 million for the quarterService gross profit percentage increased 230 basis points year over year to 60.1%Selling, general and administrative expenses reduced by $7.9 million year over yearNet loss available to common stockholders of ...
Coherent Corp. Reports Third Quarter Fiscal 2025 Results
GlobeNewswire· 2025-05-07 20:15
Core Viewpoint - Coherent Corp. reported strong financial results for the third quarter of fiscal 2025, driven by significant demand in AI-related datacenter products and the introduction of new optical networking technologies [1][2][5]. Financial Performance - Revenue for Q3 FY2025 was $1.50 billion, representing a year-over-year increase of 24% [5][19]. - GAAP gross margin was 35.2%, up 491 basis points year-over-year, while non-GAAP gross margin was 38.5%, an increase of 490 basis points year-over-year [5][19]. - The company reported a GAAP net loss of $0.11 per diluted share, an improvement of $0.18 year-over-year, and a non-GAAP net income of $0.91 per diluted share, up $0.53 year-over-year [5][19]. Operational Highlights - The company paid down $136 million of its outstanding debt, emphasizing cash and capital allocation as priorities [2]. - Operating income for Q3 FY2025 was $72 million, a decrease of 47.6% quarter-over-quarter but a significant increase of 222% year-over-year [19]. - Total operating expenses for Q3 FY2025 were $456 million, a 22.4% increase year-over-year [19]. Product and Market Developments - Coherent was recognized as an NVIDIA Ecosystem Innovation Partner, collaborating on silicon photonics and co-packaged optics for AI infrastructure [8]. - The company received six Product Innovation Awards at the Optical Fiber Communication Conference 2025, highlighting its advancements in datacenter and communications technologies [8]. - Coherent demonstrated groundbreaking technologies, including a 400G EML for next-generation transceivers and a portfolio of co-packaged optics solutions [8][9]. Business Outlook - For Q4 FY2025, revenue is expected to range between $1.425 billion and $1.575 billion, with a non-GAAP gross margin percentage anticipated between 37% and 39% [15]. - Total operating expenses for Q4 FY2025 are projected to be between $290 million and $310 million on a non-GAAP basis [15].
Beyond Meat® Announces $100 Million New Senior Secured Financing from Ahimsa Foundation Affiliate
GlobeNewswire· 2025-05-07 20:15
Core Viewpoint - Beyond Meat has successfully closed a financing facility providing up to $100 million in new senior secured debt from Unprocessed Foods, an affiliate of Ahimsa Foundation, to support its growth plans and strategic priorities [1][2]. Financing Details - The financing agreement includes a senior secured delayed-draw term loan facility of $100 million, with interest rates of 12.0% prior to February 7, 2030, and 17.5% thereafter, payable in kind [2][3]. - The initial maturity date can be extended until May 7, 2035, with mutual consent [2]. Investor Insights - Unprocessed Foods will receive warrants proportional to the amount drawn down, allowing them to purchase up to 12.5% of Beyond Meat's outstanding shares at an exercise price of 115% of the average daily volume weighted average prices for a 30-day period starting May 8, 2025, with a minimum price of $2.00 and a maximum of $3.75 [3]. Company Overview - Beyond Meat is a leading plant-based meat company, founded in 2009, offering products made from simple ingredients without GMOs, added hormones, or antibiotics, and with 0 mg of cholesterol per serving [5]. - The company's mission emphasizes the positive impact of shifting from animal-based meat to plant-based protein on human health, climate change, natural resource constraints, and animal welfare [5].
Regency Centers Declares Quarterly Dividends
GlobeNewswire· 2025-05-07 20:15
JACKSONVILLE, Fla., May 07, 2025 (GLOBE NEWSWIRE) -- Regency Centers Corporation (“Regency Centers”, “Regency” or the “Company”) (NASDAQ: REG) announced today that the Company’s Board of Directors (the “Board”) declared quarterly cash dividends on Regency’s common stock, Series A preferred stock, and Series B preferred stock. On May 6, 2025, the Board declared a quarterly cash dividend on the Company’s common stock of $0.705 per share. The dividend is payable on July 2, 2025, to shareholders of record as of ...
Global Net Lease Reports First Quarter 2025 Results
GlobeNewswire· 2025-05-07 20:15
- Successfully Closed First Phase of Multi-Tenant Portfolio Sale Resulting in $1.1 Billion of Gross Proceeds; On Track to Close Remaining Multi-Tenant Portfolio Sale by End of Q2’25 - Reduced Net Debt by $833 Million in Q1’25; Improved Net Debt to Adjusted EBITDA to 6.7x - Repurchased 7.9 Million Shares at a Weighted Average Price of $7.50 Totaling $59 Million as of May 2, 2025 - Reaffirms 2025 Guidance NEW YORK, May 07, 2025 (GLOBE NEWSWIRE) -- Global Net Lease, Inc. (NYSE: GNL) (“GNL” or the “Company”), a ...
Costco Wholesale Corporation Reports April Sales Results
GlobeNewswire· 2025-05-07 20:15
Core Insights - Costco reported net sales of $21.18 billion for April 2025, a 7.0% increase from $19.80 billion in April 2024 [1] - For the first 35 weeks of the fiscal year, net sales reached $180.05 billion, up 8.2% from $166.44 billion in the same period last year [1] - Comparable sales for the four weeks ended May 4, 2025, showed a total company increase of 4.4%, with U.S. sales up 5.2% and Canadian sales up 1.5% [1][2] Sales Performance - Comparable sales excluding gasoline price and foreign exchange impacts were 6.7% for the four weeks and 8.1% for the first 35 weeks [2] - E-commerce sales saw significant growth, with a 12.6% increase for the four weeks and a 16.3% increase for the first 35 weeks [1][2] Operational Insights - Costco operates 905 warehouses globally, with 624 located in the U.S. and Puerto Rico, and additional locations in Canada, Mexico, Japan, the U.K., and other countries [4] - The company also runs e-commerce sites in multiple countries, including the U.S., Canada, and Australia [4] Calendar Impact - April 2025 had one less shopping day compared to the previous year due to the Easter calendar shift, negatively impacting total and comparable sales by approximately 1.5% to 2% [3]
Greenlight Re Announces First Quarter 2025 Financial Results
GlobeNewswire· 2025-05-07 20:15
Net Income Expands to $29.6 million Despite California Wildfire Losses, Leading to Fully Diluted Book Value Per Share Growth of 5.1% GRAND CAYMAN, Cayman Islands, May 07, 2025 (GLOBE NEWSWIRE) -- Greenlight Capital Re, Ltd. (NASDAQ: GLRE) (“Greenlight Re” or the “Company”) today reported its financial results for the first quarter ended March 31, 2025. First Quarter 2025 Highlights (all comparisons are to first quarter 2024 unless noted otherwise): Gross premiums written increased 14.1% to $247.9 million;N ...
Super League Sets First Quarter 2025 Earnings Date, May 15, 2025
GlobeNewswire· 2025-05-07 20:15
SANTA MONICA, Calif., May 07, 2025 (GLOBE NEWSWIRE) -- Super League (Nasdaq: SLE) (the “Company”), a leader in engaging audiences through playable media, content, and experiences, announced today that the Company will post its first quarter 2025 financial results after market close on Thursday, May 15, 2025. A webinar will be held the same day at 5:00 pm Eastern Time to discuss the results and can be accessed using the below dial-in numbers or registration link. Super League First Quarter 2025 Earnings Webi ...
CoreCivic Reports First Quarter 2025 Financial Results
GlobeNewswire· 2025-05-07 20:15
Increased Occupancy and New Contracts Propel Strong Financial Performance Raises 2025 Full Year GuidanceBRENTWOOD, Tenn. , May 07, 2025 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (CoreCivic or the Company) announced today its first quarter 2025 financial results. Financial Highlights – First Quarter 2025 Total revenue of $488.6 millionNet income of $25.1 millionDiluted earnings per share of $0.23FFO per diluted share of $0.45EBITDA of $81.0 millionRepurchased 1.9 million shares of our common stock at ...
ESCO Reports Second Quarter Fiscal 2025 Results
GlobeNewswire· 2025-05-07 20:15
Core Insights - ESCO Technologies Inc. reported a 7% increase in Q2 sales to $266 million, with GAAP EPS rising 33% to $1.20 and adjusted EPS increasing 24% to $1.35 [1][6][29] - The company experienced a 22% increase in orders, resulting in a book-to-bill ratio of 1.10x and a record backlog of $932 million [1][6][44] - The acquisition of SM&P, now known as ESCO Maritime Solutions, is expected to enhance the company's naval product offerings [4][10] Financial Performance - Q2 2025 sales increased by $16.4 million (7%) compared to Q2 2024, with net earnings rising to $31.0 million from $23.2 million [6][25] - Adjusted EBITDA margin expanded by 250 basis points, reflecting strong revenue growth across all segments [3][6] - Year-to-date net cash provided by operating activities was $58 million, an increase of $39 million compared to the prior year [6] Segment Performance - Aerospace & Defense segment sales increased by $8.7 million (8%) to $123.4 million, driven by Navy and aerospace sales [7][29] - Utility Solutions Group (USG) sales rose by $3.5 million (4%) to $90.8 million, with a strong performance in offline testing products [8][29] - Test segment sales increased by $4.3 million (9%) to $51.4 million, primarily due to higher Test and Measurement orders [15][29] Business Outlook - The company expects organic sales growth of 6% to 8% for FY 2025, with Maritime contributing sales of $90 to $100 million [11][12] - Adjusted EPS guidance for FY 2025 has been raised to a range of $5.65 to $5.85, reflecting continued market strength [12][13] - Q3 2025 adjusted EPS guidance without Maritime is projected to be between $1.50 and $1.60 [14] Dividend Information - The next quarterly cash dividend of $0.08 per share is scheduled for payment on July 17, 2025 [16]