Core Insights - Brown & Brown, Inc. reported second quarter 2025 revenues of $1.3 billion, a 9.1% increase from the previous year, driven by an 8.2% rise in commissions and fees and a 3.6% growth in Organic Revenue [2][3] - The company's income before income taxes was $311 million, down 10.1% year-over-year, with the income before income taxes margin decreasing to 24.2% from 29.4% [2][3] - Net income attributable to the company was $231 million, a decrease of $26 million or 10.1%, with diluted net income per share falling to $0.78, a 13.3% decline [2][3] Financial Performance - For the first half of 2025, revenues reached $2.7 billion, up 10.4% compared to the same period in 2024, with commissions and fees increasing by 10.2% and Organic Revenue rising by 5.1% [3] - EBITDAC - Adjusted for the second quarter was $471 million, a 12.1% increase from the prior year, with an EBITDAC margin - Adjusted of 36.7%, up from 35.7% [2][3] - The company’s net income for the first half of 2025 was $563 million, a 2.4% increase, with diluted net income per share rising to $1.93, a 0.5% increase [3] Revenue Breakdown - Commissions and fees for the second quarter of 2025 totaled $1.249 billion, compared to $1.154 billion in the same quarter of 2024 [4][9] - Organic Revenue for the second quarter was $1.162 billion, reflecting a growth of 3.6% year-over-year [4][9] - The company experienced a profit-sharing contingent commissions decrease, impacting overall revenue growth [4] Expense Analysis - Total expenses for the second quarter were $974 million, up from $832 million in the previous year, with employee compensation and benefits rising to $640 million [9] - The income before income taxes margin for the first half of 2025 was 27.4%, down from 29.2% in the same period of 2024 [3][9] - Amortization expenses increased to $103 million for the first half of 2025, compared to $86 million in the prior year [12] Cash Flow and Balance Sheet - The company reported net cash provided by operating activities of $538 million for the first half of 2025, compared to $373 million in 2024 [12] - Cash and cash equivalents at the end of the period were $10.919 billion, significantly up from $2.974 billion at the end of June 2024 [12][10] - Total assets increased to $25.636 billion as of June 30, 2025, compared to $17.612 billion at the end of 2024 [10][11] Management Commentary - J. Powell Brown, the president and CEO, expressed satisfaction with the earnings for the quarter and noted positive momentum heading into the second half of the year [4]

WALTHAM, Mass., July 28, 2025 /PRNewswire/ -- Veralto (NYSE: VLTO) (the "Company"), a global leader in essential water and product quality solutions dedicated to Safeguarding the World's Most Vital Resources™ announced results for the second quarter ended July 4, 2025.Key Second Quarter 2025 Results Sales increased 6.4% year-over-year to $1,371 million, with non-GAAP core sales growth of 4.8% Operating profit margin was 22.8% and non-GAAP adjusted operating profit margin was 23.7% Net earnings were $222 mil ...

(All amounts in U.S. dollars) Q2 2025 revenue and adjusted EPS* above the high end of our guidance ranges;Raising 2025 annual outlook TORONTO, July 28, 2025 (GLOBE NEWSWIRE) -- Celestica Inc.1 (TSX and NYSE: CLS), a leader in design, manufacturing, hardware platform and supply chain solutions for the world's most innovative companies, today announced financial results for the quarter ended June 30, 2025 (Q2 2025). Q2 2025 Highlights Revenue: $2.89 billion, increased 21% compared to $2.39 billion for second ...

NORWICH, N.Y., July 28, 2025 (GLOBE NEWSWIRE) -- NBT Bancorp Inc. (“NBT” or the “Company”) (NASDAQ: NBTB) reported net income and diluted earnings per share for the three and six months ended June 30, 2025. Net income for the second quarter of 2025 was $22.5 million, or $0.44 per diluted common share, compared to $32.7 million, or $0.69 per diluted common share, for the second quarter of 2024, and $36.7 million, or $0.77 per diluted common share, for the first quarter of 2025. Operating diluted earnings per ...

Core Viewpoint - CNO Financial Group reported a decrease in net income for the second quarter of 2025, with net income at $91.8 million or $0.91 per diluted share, down from $116.3 million or $1.06 per diluted share in the same quarter of 2024, primarily due to non-economic accounting impacts from market volatility [1][6][29] Financial Performance - Net operating income for 2Q25 was $87.5 million, or $0.87 per diluted share, compared to $114.6 million, or $1.05 per diluted share in 2Q24, reflecting a 24% decrease [1][3][29] - Total revenues for 2Q25 were $1,151.5 million, up from $1,066.2 million in 2Q24, indicating a year-over-year increase [29] - The company returned $116.7 million to shareholders during the quarter [5] Key Metrics - Book value per share was $25.92, an increase from $24.75 at the end of 2024, while book value per diluted share, excluding accumulated other comprehensive loss, was $38.05, up from $37.35 [20] - Return on equity (ROE) for the trailing four quarters was 11.9%, down from 19.9% in the previous year [22] - Operating ROE for the same period was 11.8%, compared to 11.2% in the prior year [22] Business Growth - Total new annualized premiums (NAP) increased by 17%, with life NAP up 22% and health NAP up 11% [5] - Annuity collected premiums rose by 19%, and client assets in brokerage and advisory increased by 27% [5] Investment Portfolio - As of June 30, 2025, the fair value of CNO's available-for-sale fixed maturity portfolio was $23,047 million, with net unrealized losses of $2,339.8 million [17] - The consolidated statutory risk-based capital ratio of U.S.-based insurance subsidiaries was estimated at 378% [18] Shareholder Actions - During 2Q25, the company repurchased $100 million of common stock, with an average cost of $38.09 per share [19] - Dividends paid on common stock totaled $16.7 million during the quarter [19]

Delivered sequential net sales growth across all segments, despite negative consumer sentiment impacting global demand Delivered significant cost take out of 100 basis points or approximately $50 million, in-line with full year expectations Q2 GAAP net earnings margin of 1.7%; GAAP earnings per diluted share of $1.17 Q2 ongoing (non-GAAP) EBIT margin(1) of 5.3%; ongoing earnings per diluted share(2) of $1.34 Second-quarter results were unfavorably impacted by a non cash loss of $19 million, or $0.35 earnin ...

HAYWARD, Calif., July 28, 2025 /PRNewswire/ -- Ultra Clean Holdings, Inc. (Nasdaq: UCTT), today reported its financial results for the second quarter ended June 27, 2025."UCT's second quarter results reflect the impact of a highly dynamic environment across a diverse customer base and product portfolio," said Clarence Granger, Chairman and Interim CEO. "Although we expect near-term revenue to remain relatively stable, our actions to reduce operating expenses are well underway, and we anticipate realizing th ...

Surpassed top end of revenue and profitability guidance for both Broadband and VideoSAN JOSE, Calif., July 28, 2025 /PRNewswire/ -- Harmonic Inc. (NASDAQ: HLIT) today announced its unaudited results for the second quarter of 2025."Our team delivered strong second quarter results with revenue and profitability in both our Video and Broadband businesses exceeding the high end of our guidance," said Nimrod Ben-Natan, president and chief executive officer of Harmonic. "We are seeing further momentum in Video an ...

Financial Performance Highlights - Cincinnati Financial Corporation reported total revenues of $3,248 million for the second quarter of 2025, a 28% increase from $2,544 million in the same period of 2024 [2] - Net income for the second quarter of 2025 was $685 million, or $4.34 per share, compared to $312 million, or $1.98 per share, in the second quarter of 2024, marking a 120% increase [2][8] - Non-GAAP operating income for the second quarter of 2025 was $311 million, or $1.97 per share, up 52% from $204 million, or $1.29 per share, in the second quarter of 2024 [2][8] - The company declared a cash dividend of $0.87 per share, a 7% increase from $0.81 per share in the second quarter of 2024 [2] Insurance Operations Highlights - The property casualty combined ratio improved to 94.9% in the second quarter of 2025, down from 98.5% in the same quarter of 2024 [6][9] - Property casualty net written premiums grew by 11% in both the second quarter and the first half of 2025, surpassing $5 billion for the first time in the first six months [7][14] - The company experienced a 20% growth in personal lines net written premiums in the second quarter of 2025, driven by higher agency renewal premiums [20] Investment Performance Highlights - Pretax investment income for the second quarter of 2025 rose 18% to $285 million, driven by a 24% increase in bond interest income [7][23] - Total investment income after-tax for the second quarter was $236 million, a 17% increase from $202 million in the same quarter of 2024 [23] - The fair value of total investments increased by 4% to $30.564 billion at June 30, 2025, compared to $29.361 billion at year-end 2024 [32] Balance Sheet Highlights - The book value per share reached a record high of $91.46 at June 30, 2025, up 2.6% from $89.11 at year-end 2024 [27][32] - Total assets increased to $38,842 million at June 30, 2025, compared to $36,501 million at December 31, 2024 [27] - Shareholders' equity rose to $14,301 million at June 30, 2025, up from $13,935 million at year-end 2024 [27]

SAN JOSE, Calif., July 28, 2025 /PRNewswire/ -- Sanmina Corporation ("Sanmina" or the "Company") (NASDAQ: SANM), a leading integrated manufacturing solutions company, today reported financial results for the third quarter ended June 28, 2025 and outlook for its fourth fiscal quarter ending September 27, 2025.Third Quarter Fiscal 2025 Financial Highlights Revenue: $2.04 billion GAAP operating margin: 4.7% GAAP diluted EPS: $1.26 Non-GAAP(1) operating margin: 5.7% Non-GAAP(1) diluted EPS: $1.53Additional High ...