Financial Performance - First quarter revenue reached $262 million, representing a 21% increase year-over-year from $217.4 million in Q1 2024 [1][8] - Net income for the first quarter was $11.2 million, a significant turnaround from a net loss of $2.2 million in the same period last year [1][8] - Adjusted EBITDA for the first quarter was $33.2 million, up 95% compared to $17.1 million in Q1 2024 [1][8] Guidance - The company reiterated its full-year 2025 revenue guidance, expecting it to be between $1,010 million and $1,080 million, with a midpoint of $1,045 million indicating a 13% growth from $924 million in 2024 [4] - Adjusted EBITDA guidance for the full year 2025 is set between $115 million and $135 million, with a midpoint of $125 million, which is a 35% increase from $92.5 million in 2024 [5] User Engagement - Monthly Active Users (MAUs) in the United States and Canada were approximately 203,000, reflecting a 17% year-over-year increase [8] - MAUs in Latin America reached approximately 354,000, marking a 61% increase year-over-year [8] - Average Revenue per Monthly Active User (ARPMAU) in the United States and Canada was $368, up 3% year-over-year, while ARPMAU in Latin America was $36, down from $44 last year [8] Stock Buyback - The company repurchased $5.2 million of Class A common stock under its $50 million authorized buyback program [8]

SAN RAMON, Calif., April 30, 2025 (GLOBE NEWSWIRE) -- CooperCompanies (Nasdaq: COO), a leading global medical device company, announced today that its Board of Directors has appointed Barbara Carbone as an independent director, effective May 1, 2025. Ms. Carbone has also been appointed to serve on the Audit Committee when she joins the Board. Ms. Carbone brings nearly four decades of experience across a wide variety of industries. She spent most of her career at KPMG LLP, from 1981-2019, where she served mo ...

Core Insights - FinWise Bancorp reported solid financial performance for the first quarter of 2025, with loan originations of $1.3 billion and net income of $3.2 million, reflecting a resilient business model despite macroeconomic uncertainties [2][4][6]. Financial Performance - Loan originations totaled $1.3 billion, consistent with the previous quarter and up from $1.1 billion year-over-year [6][8]. - Net income for the quarter was $3.2 million, an increase from $2.8 million in the prior quarter but a slight decrease from $3.3 million in the same quarter last year [6][16]. - Diluted earnings per share (EPS) were $0.23, compared to $0.20 in the previous quarter and $0.25 in the same quarter last year [6][16]. - Net interest income decreased to $14.3 million from $15.5 million in the prior quarter, but increased from $14.0 million year-over-year [6][7]. Asset Quality - Nonperforming loans decreased to $29.9 million, or 6.1% of total loans held-for-investment, down from $36.5 million (7.8%) in the previous quarter [25][26]. - The allowance for credit losses was $14.2 million, representing 2.9% of total loans held-for-investment [28]. Balance Sheet - Total assets increased to $804.1 million, up from $746.0 million in the previous quarter and $610.8 million year-over-year [17][40]. - Total deposits rose to $605.8 million, driven by increases in brokered time certificates of deposits and demand deposits [20]. Efficiency and Ratios - The efficiency ratio was 64.8%, slightly up from 64.2% in the previous quarter and 61.0% year-over-year [14]. - The leverage ratio was 18.8%, down from 20.6% in the previous quarter, but still above the well-capitalized requirement of 9.0% [22]. Non-Interest Income - Total non-interest income for the quarter was $7.8 million, an increase from $5.6 million in the prior year, driven by higher strategic program fees and other miscellaneous income [11][12]. Strategic Initiatives - The company announced a new strategic program agreement to provide lending and credit enhancement products, aiming to enhance its business model and shareholder value [4].

Fiscal 2025 Second Quarter Financial Highlights: Consolidated sales of $427.6 million for the FY 2025 2nd QuarterSignificant increase in customer quotes for energy storage solutionsCost reduction programs remain on trackSGK transaction expected to close in early May 2025; Company provides updated projectionsWebcast: Thursday, May 1, 2025, 9:00 a.m., (201) 689-8471 PITTSBURGH, April 30, 2025 (GLOBE NEWSWIRE) -- Matthews International Corporation (NASDAQ GSM: MATW) today announced financial results for its se ...

EXTON, Pa., April 30, 2025 (GLOBE NEWSWIRE) -- OMEGA FLEX, INC. (OFLX) Three Months Ended March 31, 2025 2024 Net Sales $23,330,000 <td style="max-width:1%; width:1%; min-width:1%;;border-bottom: double black 3pt ; ...

HOUSTON, April 30, 2025 (GLOBE NEWSWIRE) -- Crown Castle Inc. (NYSE: CCI) ("Crown Castle") today reported results for the first quarter ended March 31, 2025 and maintains its full year 2025 Outlook, as reflected in the table below. (dollars in millions, except per share amounts)Current Full Year 2025 Outlook Midpoint(a) Full Year 2024 Actual Change % ChangeSite rental revenues(b)$4,010 $4,268 $(258)<td style="max-width:1%; min-width:1%;;border-top: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text ...

First Quarter Results Total revenues of $50.0 million, a 14% year-over-year improvementGross margin improved to 42% from 39%; adjusted gross margin improved to 44% from 40% in the first quarter of 2024Net income of $4.1 million and diluted earnings per share of $1.51, an improvement compared to $2.1 million and diluted earnings per share of $0.82 one year agoAdjusted EBITDA of $8.2 million, a $2.1 million year-over-year improvement$23.0 million in cash and $7.6 million of total debt as of March 31, 2025 HOU ...

SAN JOSE, Calif., April 30, 2025 (GLOBE NEWSWIRE) -- At its meeting on April 30, 2025, the California Water Service Group (NYSE: CWT) (Company) Board of Directors (Board) declared the company's 321st consecutive quarterly dividend in the amount of $0.30 per common share. The quarterly dividend will be payable on May 23, 2025, to stockholders of record as of the close of business on May 12, 2025. About California Water Service GroupCalifornia Water Service Group is the parent company of regulated utilities C ...

HONG KONG, April 30, 2025 (GLOBE NEWSWIRE) -- Copley Acquisition Corp (NYSE: COPLU) (the “Company”) announced today the pricing of its initial public offering of 15,000,000 units at $10.00 per unit. The units are expected to be listed on the New York Stock Exchange (“NYSE”) and trade under the ticker symbol “COPLU” beginning May 1, 2025. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, each whole warrant entitling the holder thereof to purchase one Class A ordinary sh ...

Core Insights - Coca-Cola Consolidated, Inc. reported a decline in key financial metrics for the first quarter of 2025, including net sales and income from operations, attributed to fewer selling days and changes in distribution methods [3][5][10]. Financial Performance - Volume decreased by 6.6% in Q1 2025 compared to Q1 2024, with two fewer selling days accounting for approximately 2.1% of this decline [4][5]. - Net sales fell by 0.7% to $1.58 billion, negatively impacted by the two fewer selling days, which accounted for about $40 million or 2.5% of the change [5][7]. - Gross profit decreased by 2.1% to $627.1 million, with a gross margin of 39.7%, down 50 basis points from the previous year [7][8]. - Income from operations was $189.8 million, a decrease of 11.9% from $215.4 million in Q1 2024, with the two fewer selling days contributing approximately $10 million to this decline [10][11]. Beverage Sales - Sparkling beverage sales decreased by 1.9%, while still beverage sales saw a smaller decline of 0.5% compared to the previous year [6]. - The decline in Sparkling category sales was partially due to softness in the Coca-Cola Original Taste brand, although other core products showed solid growth [6][9]. - Excluding Dasani, net sales in the Still category increased by 1.8%, driven by growth in sports drinks and enhanced water products [6]. Operating Expenses - Selling, delivery, and administrative (SD&A) expenses increased by 2.9% to $437.3 million, with SD&A as a percentage of net sales rising to 27.7% [9][10]. - The increase in SD&A expenses was primarily due to higher labor costs and inflationary pressures [9]. Cash Flow and Investments - Cash flows from operations for Q1 2025 were $198.2 million, compared to $194.3 million in Q1 2024 [12]. - The company invested approximately $98 million in capital expenditures during the quarter, with expectations of around $300 million for the fiscal year 2025 [12].