– Acquisitions strengthen profitability and competitive position with proprietary technology platform – – Missouri and Nevada transactions remain on track to close during the second quarter of 2025 – MINNEAPOLIS, May 12, 2025 (GLOBE NEWSWIRE) -- Vireo Growth Inc. ("Vireo" or the "Company") (CSE: VREO; OTCQX: VREOF), today announced that it has closed its previously-announced transactions to acquire Utah-based WholesomeCo Cannabis (“Wholesome”) and the Arches proprietary technology and analytics platform. Wh ...

Kingstone Companies (KINS) Q1 2025 Earnings Call May 09, 2025 08:30 AM ET Company Participants Karin Daly - VP - IRMeryl Golden - President & CEORobert Farnam - Managing DirectorJon Old - Managing Member Conference Call Participants None - Analyst Operator Greetings, and welcome to the Kingstone Companies First Quarter twenty twenty five Earnings Conference Call. At this time, all participants are in a listen only mode. A brief question and answer session will follow the formal presentation. As a reminder, ...

Kingstone Companies (KINS) Q1 2025 Earnings Call May 09, 2025 08:30 AM ET Company Participants Karin Daly - VP - IRMeryl Golden - President & CEORobert Farnam - Managing DirectorJon Old - Managing Member Conference Call Participants None - Analyst Operator Greetings, and welcome to the Kingstone Companies First Quarter twenty twenty five Earnings Conference Call. At this time, all participants are in a listen only mode. A brief question and answer session will follow the formal presentation. As a reminder, ...

Financial Data and Key Metrics Changes - The company reported a net income of $3,900,000 or $0.27 per diluted share, marking a 172% increase in net income compared to the prior year [3][16] - Direct written premium growth was 18% overall, with a 23% increase in the core business [3][16] - The combined ratio was 93.7%, close to the 93.3% from the same quarter last year, while operating income nearly tripled to $2,400,000 [12][16] Business Line Data and Key Metrics Changes - The select homeowners program's cumulative frequency decreased for thirteen consecutive quarters, with a frequency of 1.6% compared to 2.3% for the legacy product [6] - Core policies in force increased by 10% year-over-year, led by a 19% increase in homeowners policies [9] - New business policy count increased by 68%, contributing to the growth in core business premiums [8] Market Data and Key Metrics Changes - The company expects to generate $25,000,000 to $35,000,000 in premiums from the Amgard transaction over a twelve-month period [8] - The hard market conditions in Downstate New York remain stable, with companies beginning to increase their underwriting appetite [8] Company Strategy and Development Direction - The company plans to focus on its core state of New York and capitalize on hard market conditions to maximize profitable growth [7][16] - There is a cautious approach towards expanding into other jurisdictions, with a strategy set for 2026 and beyond [46] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the trajectory of the business, emphasizing the discipline of the underwriting strategy in a challenging environment [16] - The company does not anticipate a material impact from inflation on results, maintaining a flat expense ratio [12] Other Important Information - The company finalized the sale of its headquarters, resulting in a one-time after-tax gain of $1,500,000 [12] - Net investment income increased by 36% to $2,000,000, driven by strong cash generation from operations [13] Q&A Session Summary Question: Fire losses details - Management confirmed that fire losses were 3.3 points higher than anticipated, offset by lower catastrophe losses, and expressed no concern over these losses as they were random events [20][21] Question: Capital management priorities - The Board is actively discussing the restoration of dividends, but no share buybacks are envisioned in the near future due to growth opportunities [24][25] Question: Amgard transaction pricing - Management indicated that Amgard's pricing is higher and that they are filing for a rate increase in New York, which may close the pricing gap [26][27] Question: CFO search update - A retained search firm has been hired, and interviews are ongoing to fill the CFO position [28] Question: Expansion into other states - The company will focus on Downstate New York for 2025 but is considering other geographies for future growth, ensuring a thoughtful approach [45][46]

– Q1 revenue of $24.5 million increased 1.9% year-over-year, in line with expectations for Vireo’s established markets – – Merger Transactions expected to begin closing in Q2 and further strengthen profitability profile – MINNEAPOLIS, May 09, 2025 (GLOBE NEWSWIRE) -- Vireo Growth Inc. ("Vireo" or the "Company") (CSE: VREO; OTCQX: VREOF), today reported financial results for its first fiscal quarter ended March 31, 2025. Key financial results are presented below in summary form with supporting commentary and ...

Financial Data and Key Metrics Changes - First quarter revenue was $225 million, up 4% year over year, slightly below the midpoint of guidance due to lower wholesale and product volumes [28] - Marketplace revenue was $212 million, up 13% year over year, driven by strength in subscription-based listings and OEM advertising revenue [28][29] - Non-GAAP gross profit was $200 million, up 14% year over year, with a non-GAAP gross margin of 89%, reflecting a shift towards high-margin Marketplace business [31][32] - Non-GAAP diluted earnings per share was $0.46, up 35% year over year, primarily due to increased adjusted EBITDA and lower diluted share count [35] Business Line Data and Key Metrics Changes - Marketplace revenue growth was driven by dealer count growth, subscription tier upgrades, and increased adoption of value-added products [9] - International revenue expanded 20% year over year, supported by traffic growth and lead growth in Canada and the UK [9][10] - Wholesale revenue was approximately $8 million, down 52% year over year, due to a decline in digital wholesale segment transaction volumes [31] Market Data and Key Metrics Changes - In Canada, 90% of surveyed dealers reported better ROI on CarGurus compared to alternative platforms, indicating strong market positioning [10] - CarGurus was the most downloaded auto app in Canada in Q1, contributing to an 85% year over year increase in direct traffic [10] - The company experienced a 20% year over year growth in direct traffic, reinforcing its position as the most visited listing site [21] Company Strategy and Development Direction - The company is focusing on "transformative innovation" in 2025, emphasizing customer-centric and AI-driven product development [6][7] - Strategic drivers include expanding data-driven solutions for dealers, enhancing the car shopping journey for consumers, and enabling more online transactions [7][8] - The company is assessing its wholesale business model to identify sustainable growth and profitability potential [26] Management's Comments on Operating Environment and Future Outlook - Management noted that while the market remains volatile, they have not seen a material impact on business related to tariffs [36] - The company anticipates exiting the year with low double-digit year-over-year growth rates, despite potential shifts in market conditions [36] - Management expressed confidence in the strength of their marketplace and the value of their insights capabilities amid market uncertainty [66] Other Important Information - The company added 734 paying U.S. dealers year over year, marking the highest dealer growth since pre-pandemic [29] - Digital Deal now accounts for over 25% of a dealer's email leads, indicating strong adoption and engagement [24] - The company ended the first quarter with $173 million in cash and cash equivalents, primarily impacted by share repurchases [35] Q&A Session Summary Question: Amazon's entry into the used vehicle market - Management acknowledged awareness of Amazon's activities but emphasized the complexity and trust required in the used vehicle market, which they believe is a strength for CarGurus [44] Question: OEM ad spending trends - Management expressed pride in Q1 results but acknowledged caution among OEMs due to tariffs, while maintaining a positive outlook on their advertising business [50] Question: Changes needed for CarOffer - Management discussed the need for operational efficiency and flexibility in the CarOffer platform to adapt to market volatility and improve profitability [53][55] Question: Revenue growth drivers - Management clarified that revenue growth is driven by both dealer count and revenue per dealer, with a significant increase in dealer additions this quarter [61] Question: Impact of tariffs on spending patterns - Management indicated that they have not seen a change in spending patterns due to tariffs, despite the prevailing uncertainty in the market [69]

Q1 2025 Earnings Presentation May 8, 2025 Cautionary Note Regarding Forward-Looking Statements This presentation includes forward-looking statements. Other than statements of historical facts, all statements contained in this presentation, including statements regarding our future financial and operating results; our second quarter 2025 financial and business performance, including guidance; our transformation to a transaction-enabled platform; our business and growth strategy and our plans to execute on ou ...

Financial Data and Key Metrics Changes - Zillow reported total Q1 revenue of $598 million, up 13% year over year, exceeding expectations [11][27] - Adjusted EBITDA for Q1 was $153 million, with an EBITDA margin of 26%, a 200 basis point improvement year over year [12][28] - The company achieved positive GAAP net income of $8 million, representing 1% of revenue [28][26] Business Line Data and Key Metrics Changes - For Sale category revenue was $458 million, up 8% year over year, with residential revenue growing 6% and mortgages revenue increasing 32% [11][30] - Rentals revenue reached an all-time high of $129 million, up 33% year over year, driven primarily by multifamily revenue growth of 47% [19][30] Market Data and Key Metrics Changes - Zillow had 227 million average monthly unique users in Q1, maintaining a significant lead in the residential real estate market [9] - The company reported 37 million unique visitors to Zillow Rentals in March, solidifying its position as renters' number one preference [21] Company Strategy and Development Direction - Zillow is focused on executing its differentiated housing super app strategy, aiming to monetize a larger share of the total addressable market [7][12] - The company is expanding its enhanced markets, with a goal of increasing connections within these markets to over 35% by the end of the year [13][84] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving full-year 2025 goals of low to mid-teens revenue growth and continued EBITDA margin expansion despite macroeconomic challenges [7][34] - The company anticipates accelerating rentals revenue growth, projecting a 40% increase for the full year 2025 [35][36] Other Important Information - Zillow's cash and investments at the end of Q1 were $1.6 billion, down from $1.9 billion, primarily due to share repurchases [32] - The board approved an additional $1 billion share repurchase authorization, reflecting confidence in the company's financial position [34] Q&A Session Summary Question: What is driving the accelerating growth in the rentals business? - Management highlighted the execution of their strategy to build a comprehensive marketplace, resulting in increased inventory and brand preference among renters [43][45] Question: How should growth be assessed relative to the market? - Management noted that Zillow's growth outperformed the market, particularly in the residential segment, despite macroeconomic noise [50][52] Question: What are the mechanics of the partnership with Redfin? - Management clarified that there was no transfer of contracts; Zillow had to win the business, which resulted in significant property count growth [70][72] Question: What is the industry reaction to the new listing access standards? - Management reported positive industry support for the standards, which promote transparency in the real estate market [96] Question: What factors contributed to the lower than expected EBITDA expenses in Q1? - Management indicated slower hiring and lower marketing expenses than anticipated were the primary reasons for the variance [98]

Broad-based increases in resilient and transactional revenues drove fourth consecutive quarter of double-digit revenue growthCHICAGO, May 7, 2025 /PRNewswire/ -- Jones Lang LaSalle Incorporated (NYSE: JLL) today reported operating performance for the first quarter of 2025 with diluted earnings per share of $1.14 (down 19%, driven by non-cash losses) and adjusted diluted earnings per share1 of $2.31 (up 28%). Growth momentum of Resilient4 and Transactional4 revenues continued as both achieved double-digit in ...

Core Viewpoint - Northfield Capital Corporation's subsidiary, Spruce Goose Aviation Inc., is acquiring the remaining 9% of Northfield Aviation Group Inc. shares not already owned, resulting in 100% ownership post-transaction [1][2]. Group 1: Transaction Details - The share purchase agreement involves the issuance of 60,000 Class A restricted voting shares at a deemed price of C$5.23 per share to the vendor, Iain Hayden [1]. - Northfield Aviation consists of 9,357 Class A common shares and 22,303 Class B common shares, which represent the remaining ownership interest [2]. - The completion of the transaction is subject to TSX Venture Exchange approval and other customary closing conditions, expected around May 8, 2025 [3]. Group 2: Related Party Transaction - The vendor, Iain Hayden, is a director of Northfield Aviation, categorizing this transaction as a related party transaction under MI 61-101 [4][5]. - Northfield Capital Corporation is exempt from formal valuation and minority shareholder approval requirements due to the transaction's value being below 25% of the corporation's market capitalization [5]. Group 3: Company Overview - Northfield Capital Corporation is a publicly traded Canadian investment firm with a focus on resources, mining, aviation, and premium alcoholic beverages, established in 1981 [6].