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Coca-Cola Consolidated Reports First Quarter 2025 Results
GlobeNewswire· 2025-04-30 20:10
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].
Bogota Financial Corp. Reports Results for the Three Months Ended March 31, 2025
GlobeNewswire· 2025-04-30 20:10
Core Viewpoint - Bogota Financial Corp. reported a net income of $731,000 for Q1 2025, a significant improvement from a net loss of $441,000 in Q1 2024, driven by reduced deposit costs and increased yields on loans and securities [1][5][16]. Financial Performance - Net income increased by $1.2 million to $731,000 for the three months ended March 31, 2025, compared to a net loss of $441,000 for the same period in 2024 [5]. - Net interest income rose by $942,000, or 35.5%, to $3.6 million, reflecting a 44 basis point increase in the net interest rate spread to 1.12% [14]. - Non-interest income surged by $590,000, or 197.4%, to $889,000, primarily due to a significant increase in bank-owned life insurance income [16]. Balance Sheet Highlights - Total assets decreased by $41.3 million, or 4.3%, to $930.2 million as of March 31, 2025, primarily due to reductions in cash and cash equivalents, loans, and securities [19]. - Total liabilities decreased by $42.3 million, or 5.1%, to $791.9 million, mainly due to a reduction in borrowings and total deposits [21]. - Total stockholders' equity increased by $965,000 to $138.3 million, supported by net income and a decrease in accumulated other comprehensive loss [22]. Loan and Deposit Analysis - Net loans decreased by $10.2 million, or 1.4%, to $701.5 million, attributed to declines in residential and construction loans [19]. - Total deposits were $633.0 million, down $9.2 million, or 1.4%, with a notable decrease in interest-bearing deposits [19][21]. - The average cost of deposits increased by 13 basis points to 3.55% for Q1 2025 from 3.42% in Q4 2024 [19]. Interest Income and Expense - Interest income increased by $862,000, or 8.6%, to $10.9 million, driven by higher yields on interest-earning assets [6]. - Interest expense decreased by $80,000, or 1.1%, to $7.3 million, due to lower average balances on certificates of deposits [11]. - The average yield on loans increased by 27 basis points to 4.88%, while the average yield on securities rose by 138 basis points to 5.05% [9][10]. Credit Quality - The company recorded a recovery for credit losses of $80,000 compared to a provision for credit losses of $35,000 in the prior year [15]. - Delinquent loans decreased to $13.5 million, or 1.92% of total loans, down from 2.01% at the end of 2024 [20].
Enact Announces 14% Increase to Quarterly Dividend and New $350 Million Share Repurchase Program
GlobeNewswire· 2025-04-30 20:10
Core Points - Enact Holdings, Inc. declared a quarterly dividend of $0.21 per common share, marking a 14% increase from the previous quarter [1] - The company authorized a new share repurchase program allowing for the purchase of up to $350 million of its common stock, in addition to the remaining $6 million from the existing $250 million program [2][3] - The CEO emphasized the commitment to shareholder value through the increased dividend and share repurchase program, highlighting a consistent annual dividend increase since inception [3] Dividend and Share Repurchase - The new quarterly dividend will be payable on June 11, 2025, to shareholders of record on May 19, 2025 [1] - The share repurchase program will utilize various methods, including open market purchases and privately negotiated transactions, and may be executed under specific trading plans [3] - The timing and amount of share repurchases will be opportunistic, influenced by factors such as share price and market conditions [4] Company Overview - Enact Holdings, Inc. operates primarily through its subsidiary, Enact Mortgage Insurance Corporation, and is a leading private mortgage insurance provider in the U.S. [5] - The company aims to support homeownership by partnering with lenders to provide exceptional service and risk management [5]
National Bank Holdings Corporation Announces 3.4% Increase to Quarterly Dividend
GlobeNewswire· 2025-04-30 20:10
Core Points - National Bank Holdings Corporation announced a quarterly cash dividend increase of 3.4% from $0.29 to $0.30 per share, payable on June 13, 2025 [1] - Over the past five years, the quarterly dividend per common share has increased by 50%, reflecting the company's strong balance sheet and commitment to shareholder returns [2] Company Overview - National Bank Holdings Corporation is a bank holding company focused on building a community bank franchise with high-quality client service and stakeholder results [3] - The company operates over 85 banking centers across Colorado, Kansas City, Utah, Wyoming, Texas, New Mexico, and Idaho, serving various customer segments including individuals, businesses, and government entities [3] - Its banking operations include multiple brand names under NBH Bank, such as Community Banks of Colorado, Bank Midwest, and Hillcrest Bank, among others [3]
Westwood Holdings Group, Inc. Reports First Quarter 2025 Results
GlobeNewswire· 2025-04-30 20:10
Core Insights - Westwood Holdings Group, Inc. reported strong performance in Q1 2025, with significant achievements in both Institutional and Intermediary channels, including a nearly $1 billion sub-advisory mandate in Small Cap Value strategy and the best sales quarter since 2022 in the Intermediary channel [2][3] - The company launched the LBRTY Global Equity ETF and celebrated the one-year anniversary of the MDST ETF, which has an annualized distribution rate of 10.5% [1][2] - Firmwide assets under management (AUM) totaled $18.0 billion, comprising $17.0 billion in AUM and $1.0 billion in assets under advisement (AUA) [3] Financial Performance - Quarterly revenues were $23.3 million, down from $25.6 million in the previous quarter but up from $22.7 million a year ago [7] - Net income for Q1 2025 was $0.5 million, a decrease from $2.1 million in Q4 2024 and $2.3 million in Q1 2024 [4][5] - Diluted earnings per share (EPS) were $0.05 compared to $0.24 in Q4 2024 and $0.27 in Q1 2024 [4][5] Economic Earnings - Non-GAAP Economic Earnings for Q1 2025 were $2.5 million, or $0.29 per share, compared to $3.4 million, or $0.39 per share in Q4 2024, and $3.0 million, or $0.36 per share in Q1 2024 [4][5][7] - The company declared a cash dividend of $0.15 per common share, payable on July 1, 2025 [7] Balance Sheet and Cash Flow - As of March 31, 2025, total assets were $134.988 million, down from $149.989 million at the end of Q4 2024 [14] - Cash and cash equivalents decreased to $9.418 million from $18.847 million in the previous quarter [15] - Stockholders' equity totaled $119.3 million, with no debt reported [7][14]
3D Systems Announces Date of First Quarter 2025 Financial Results
GlobeNewswire· 2025-04-30 20:05
ROCK HILL, S.C., April 30, 2025 (GLOBE NEWSWIRE) -- 3D Systems (NYSE:DDD) announced today it will release its financial results for the first quarter 2025 after the U.S. stock markets close on Monday, May 12, 2025. The company will hold a conference call and simultaneous webcast to discuss these financial results on Tuesday, May 13, 2025 at 8:30 a.m. Eastern Time. First Quarter 2025 Financial Results Conference CallDate: Tuesday, May 13, 2025Time: 8:30 a.m. Eastern TimeListen via webcast: www.3dsystems.com/ ...
Pool Corporation Announces an Increase in Its Share Repurchase Program, Growth of Its Quarterly Cash Dividend and 2025 Annual Meeting of Stockholders Voting Results
GlobeNewswire· 2025-04-30 20:05
COVINGTON, La., April 30, 2025 (GLOBE NEWSWIRE) -- Pool Corporation (Nasdaq/GSM:POOL) announced today that its Board of Directors (the Board) has authorized an increase in the company’s share repurchase program to $600.0 million. As of April 29, 2025, this adds $309.2 million to the $290.8 million remaining under its existing share repurchase program for the purchase of the company’s common stock in the open market at prevailing market prices. The share repurchase program will continue until otherwise modif ...
Rush Enterprises, Inc. Reports First Quarter 2025 Results, Announces $0.18 per Share Dividend
GlobeNewswire· 2025-04-30 20:05
Revenues of $1.85 billion, net income of $60.3 millionEarnings per diluted share of $0.73Challenging market conditions impact Class 8 new truck sales and overall financial performanceAbsorption ratio 128.6%Board declares cash dividend of $0.18 per share of Class A and Class B common stock SAN ANTONIO, April 30, 2025 (GLOBE NEWSWIRE) -- Rush Enterprises, Inc. (NASDAQ: RUSHA & RUSHB), which operates the largest network of commercial vehicle dealerships in North America, today announced that for the quarter en ...
MediaAlpha Announces First Quarter 2025 Financial Results
GlobeNewswire· 2025-04-30 20:05
Exceeds First Quarter Guidance with Revenue Growth of 109% and Transaction Value Growth of 116%; Delivers Record Transaction Value of $407 million in Property & Casualty Vertical First Quarter Net Loss of $(2.3) million; Adjusted EBITDA(1)of $29.4 million LOS ANGELES, April 30, 2025 (GLOBE NEWSWIRE) -- MediaAlpha, Inc. (NYSE: MAX) ("MediaAlpha" or the "Company"), today announced its financial results for the first quarter ended March 31, 2025. “We had a record first quarter, beating expectations across the ...
OPKO Health Reports First Quarter 2025 Business Highlights and Financial Results
GlobeNewswire· 2025-04-30 20:05
Conference call begins at 4:30 p.m. Eastern time todayMIAMI, April 30, 2025 (GLOBE NEWSWIRE) -- OPKO Health, Inc. (NASDAQ: OPK) reports business highlights and financial results for the three months ended March 31, 2025. Highlights from the first quarter of 2025 and recent weeks include the following: Signed definitive agreement with Labcorp to sell oncology and related clinical testing assets of BioReference Health (BioReference). The transaction includes the sale of BioReference’s laboratory testing busin ...