Six Flags Entertainment Corporation (NYSE:FUN) posted weak sales for the third quarter on Friday.The company reported third-quarter adjusted earnings per share of $3.28, beating the analyst consensus estimate of $2.20.Quarterly sales of $1.318 billion (down 2% year over year) missed the Street view of $1.333 billion. Attendance rose 1% to 21.1 million, an increase of about 138,000 visits."Our efforts to stimulate demand did not achieve the desired returns and our decision to shift to more advertising spend ...

Financial Data and Key Metrics Changes - Total revenue for Q3 2025 was $92 million, representing a 37% year-over-year increase [22] - Adjusted EBITDA was negative $5 million, an improvement of $4 million compared to Q3 2024 [23] - Charging network gross margin increased to 35%, up one percentage point from the previous year [22] Business Line Data and Key Metrics Changes - Charging network revenues reached $56 million, a 33% increase year-over-year [22] - eXtend revenues were $32 million, delivering growth of 46% [22] - Insular revenues were approximately $5 million, up 27% [22] Market Data and Key Metrics Changes - The total energy dispensed on EVgo's network grew to 350 gigawatt-hours over the trailing 12 months, a 13-fold increase since 2021 [20] - The number of stalls in operation increased to 4,590, a 2.7 times increase compared to the end of 2021 [20] Company Strategy and Development Direction - EVgo aims to achieve adjusted EBITDA break-even in Q4 2025, marking a significant milestone for the company [28] - The company is focused on expanding its charging network, with plans to deploy up to 5,000 stalls annually by 2029 without needing additional equity capital [19] - EVgo is enhancing its next-generation charging architecture to improve customer experience and reduce capital expenditures per stall by over 25% by 2029 [15][16] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the growth of EV sales, noting that the number of battery electric vehicle models has increased significantly [30] - The company anticipates continued strong demand for its charging services, driven by the increasing number of EVs on the road and the expansion of affordable vehicles [6][7] - Management acknowledged potential challenges in EV demand forecasts but remains confident in the long-term growth trajectory [30] Other Important Information - EVgo has received $41 million from the DOE loan to accelerate the nationwide build-out of EV charging infrastructure [4] - The company has made significant progress in reducing net capital expenditures per stall, now expected to be $75,000 for 2025 vintage [16] Q&A Session Summary Question: EV demand outlook and its impact on development - Management noted that EV sales forecasts can fluctuate but expects higher sales than current forecasts due to improved vehicle affordability and performance [30] Question: Tesla charging on EVgo network - Early data shows increased usage of Tesla vehicles at EVgo stations with the installation of NACS cables, but quantification is still in progress [32] Question: Guidance for stall deployment in 2026 - Management indicated that the guidance for public and dedicated stalls in 2026 remains at 1,350-1,500, with a focus on generating strong returns on capital [35] Question: Impact of contract closeout on revenue - The contract closeout will not affect the prior range of expectations for public and dedicated build targets [56] Question: Charging network gross margin expansion - Management expects continued expansion of charging network gross margin driven by increased usage per stall and fixed cost leverage [59]

Core Insights - Surgery Partners, Inc. reported a 6.6% increase in revenues for Q3 2025, reaching $821.5 million compared to $770.4 million in Q3 2024, with same-facility revenues up 6.3% [3][4] - The company adjusted its full-year 2025 revenue guidance to a range of $3.275 billion to $3.30 billion and Adjusted EBITDA guidance to $535 million to $540 million, reflecting a cautious outlook due to softer volume and payor mix trends [2][4] - Adjusted EBITDA for Q3 2025 was $136.4 million, a 6.1% increase from $128.6 million in Q3 2024, indicating operational resilience despite challenges [3][7] Financial Performance - Year-to-date revenues for 2025 increased by 7.7% to $2,423.7 million compared to $2,249.9 million in the same period of 2024, with same-facility revenues up 5.4% [4][6] - The company reported a net loss attributable to Surgery Partners, Inc. of $22.7 million for Q3 2025, an improvement from a loss of $31.7 million in Q3 2024 [7][19] - Operating cash flows for Q3 2025 were $83.6 million, up from $65.2 million in Q3 2024, driven by operational growth and reduced transaction-related costs [5][6] Operational Metrics - The number of surgical cases increased by 2.1% in Q3 2025, with same-facility cases rising by 3.4% [7][25] - Revenue per case for Q3 2025 was $4,946, reflecting a 2.8% increase from the previous year [25][27] - As of September 30, 2025, Surgery Partners operated 165 surgical facilities, maintaining the same number as the previous year [25][21] Liquidity and Debt - As of September 30, 2025, the company had cash and cash equivalents of $203.4 million and $405.9 million in borrowing capacity under its revolving credit facility [5][21] - The ratio of total net debt to EBITDA was approximately 4.2x at the end of Q3 2025, indicating a stable leverage position [8][21]

Core Insights - FreightCar America reported a 42% year-over-year revenue growth, reaching $160.5 million in the third quarter of 2025, compared to $113.3 million in the same period of 2024 [1][5] - The company achieved a gross margin of 15.1%, an increase of 80 basis points from the previous year, resulting in a gross profit of $24.2 million [1][5] - Adjusted EBITDA for the quarter was $17.0 million, representing a margin of 10.6%, up from $10.9 million and a margin of 9.6% in the third quarter of 2024 [1][5][19] Financial Performance - The company delivered 1,304 railcars in the third quarter, a significant increase from 961 units in the prior year [5] - The backlog at the end of the quarter stood at 2,750 units, valued at $222 million, indicating a diversified mix of railcar conversion programs and new builds [5] - Cash and equivalents at the end of the quarter were $62.7 million, with no borrowings under the revolving credit facility, positioning the company well for future growth [5] Fiscal Year 2025 Outlook - FreightCar America updated its fiscal year 2025 outlook, projecting railcar deliveries between 4,500 and 4,900 units, reflecting a year-over-year increase of 7.7% [4] - Revenue guidance for the fiscal year is set at $500 to $530 million, representing a decrease of 7.9% year-over-year [4] - Adjusted EBITDA is expected to be in the range of $43 to $49 million, indicating a 7.0% increase from the previous year [4] Management Commentary - The CEO emphasized the strength of the operating platform and the execution of the commercial strategy, highlighting record Adjusted EBITDA at the new facility due to improved production efficiency [3] - The management noted that while overall industry demand remains subdued, the company continues to support customers through conversions and customized solutions [3] - The CFO remarked on the solid financial results, including strong deliveries and margin performance, while acknowledging the impact of product mix on revenue guidance [5]

Core Insights - Delivra Health Brands reported a 1% increase in net revenue for Q1 2026, reaching $3,207 thousand, driven by an 8% growth in Dream Water® sales and a 9% increase in LivRelief™ Non-Infused sales, despite a significant decline in licensed LivRelief™ Infused sales [5][6][10] - The company experienced a gross profit of $1,501 thousand with a gross profit margin of 47%, down from 51% in the same period last year, attributed to higher sales fees and changes in customer and product mix [5][6] - Adjusted EBITDA improved to $56 thousand from $16 thousand year-over-year, reflecting a $40 thousand increase due to higher sales volume and reduced sales and marketing expenses [10][8] Financial Performance - Net revenue for Q1 2026 was $3,207 thousand, compared to $3,163 thousand in Q1 2025, marking a $44 thousand increase [5][6] - Gross profit decreased to $1,501 thousand from $1,598 thousand, with a gross profit margin of 47% compared to 51% in the previous year [5][6] - Total expenses excluding non-cash items were $1,447 thousand, down 10% from $1,607 thousand in Q1 2025, primarily due to reduced sales and marketing expenses [10][7] Sales Growth - Dream Water® sales grew by 8% in the U.S. and Canada, while e-commerce sales for Dream Water® surged by 74% compared to the same quarter last year [5][6] - LivRelief™ experienced a 9% growth in sales, with e-commerce sales increasing by 16% [5][6] - The company anticipates a return to growth for the licensed LivRelief™ Infused segment in the second half of fiscal 2026 following a transition to a new distribution partner [2][5] Management Strategy - The management emphasized the importance of innovation, marketing, and channel diversification in driving recurring consumer demand [2] - Plans for new product launches with strategic customers are set for the second half of fiscal 2026 to enhance market coverage and customer base [2]

Core Insights - Omni-Lite Industries Canada Inc. reported a revenue of approximately US$4.0 million for Q3 fiscal 2025, marking a 7.0% increase year-over-year and a 16.8% increase quarter-over-quarter [3][8] - The adjusted EBITDA for the same period was approximately US$325,000, up from US$187,000 in Q3 fiscal 2024, driven by increased revenue and improved margins [4][9] - The company achieved bookings of US$5.5 million in Q3 2025, resulting in a historical backlog of US$7.1 million, with a book-to-bill ratio of 1.36 [5][8] Financial Performance - Revenue for Q3 2025 was US$4,041,000 compared to US$3,778,000 in Q3 2024, and year-to-date revenue reached US$10,807,000, down from US$12,385,000 in the previous year [9] - Adjusted EBITDA for the nine months ended September 30, 2025, was approximately US$828,000, compared to US$1,623,000 for the same period in 2024 [9] - Free cash flow for Q3 2025 was approximately US$116,000, with a year-to-date free cash flow of US$627,000, down from US$1,596,000 in the previous year [9] Management Commentary - The CEO expressed satisfaction with exceeding the US$4.0 million revenue mark and achieving strong bookings, particularly in the fastener and electronics sectors, while anticipating improved pricing from a renegotiated contract for jet engine components [6][8] - The company expects increased activity from its newly acquired eComp business and anticipates growth driven by electronic system modernization programs and Defense Logistics Agency requirements [6]

Core Insights - Enviri Corporation reported third quarter 2025 revenues of $575 million, with a GAAP loss from continuing operations of $20 million and an adjusted EBITDA of $74 million [1][6][7] Financial Performance - Revenues remained stable at $575 million compared to Q3 2024, with Clean Earth and Harsco Rail showing revenue increases, while Harsco Environmental experienced a decline [5][6] - The GAAP diluted loss per share from continuing operations was $0.26, compared to a loss of $0.15 in Q3 2024, while the adjusted diluted loss per share was $0.08, compared to $0.01 in the prior year [2][4] - Adjusted EBITDA decreased to $74 million from $85 million in Q3 2024, with Clean Earth contributing positively but offset by lower performance in other segments [7][8] Segment Performance - Harsco Environmental reported revenues of $261 million, down from $279 million in Q3 2024, with an adjusted EBITDA of $44 million compared to $53 million [8] - Clean Earth achieved revenues of $250 million, a 6% increase from $237 million in Q3 2024, with adjusted EBITDA of $43 million, slightly up from $42 million [9] - Harsco Rail's revenues increased to $64 million from $58 million, but it still reported an adjusted EBITDA loss of $4 million, worsening from a loss of $2 million in the prior year [10][11] Cash Flow and Outlook - Net cash provided by operating activities was $34 million, significantly up from $1 million in the prior year, while adjusted free cash flow improved to $6 million from a negative $34 million [12] - The company revised its full-year outlook for adjusted EBITDA to a range of $268 million to $278 million, down from previous estimates, and free cash flow is now expected to be negative [13][17] - The company amended its credit agreement to enhance financial flexibility, allowing for potential strategic alternatives [18] Strategic Initiatives - The company is focused on strategic improvement initiatives and exploring strategic alternatives to unlock portfolio value, with expectations to conclude this process by year-end [3][18]

Core Insights - Omni-Lite Industries Canada Inc. reported a revenue of approximately US$4.0 million for Q3 fiscal 2025, marking a 7.0% increase year-over-year and a 16.8% increase compared to the previous quarter [3][8] - The adjusted EBITDA for the same period was approximately US$325,000, up from US$187,000 in Q3 fiscal 2024, driven by increased revenue and improved margins [4][9] - The company achieved bookings of US$5.5 million in Q3 2025, resulting in a historical backlog of US$7.1 million, with a book-to-bill ratio of 1.36 [5][8] Financial Performance - Revenue for Q3 2025 was US$4.0 million, compared to US$3.8 million in Q3 2024 and US$10.8 million for the nine months ending September 30, 2025 [9] - Adjusted EBITDA for Q3 2025 was approximately US$325,000, compared to US$187,000 in Q3 2024, and for the nine months, it was approximately US$828,000 [9] - Free Cash Flow for Q3 2025 was approximately US$116,000, with a total cash balance of US$3.0 million, an increase of approximately US$416,000 from the previous year [5][9] Management Commentary - The CEO expressed satisfaction with exceeding the US$4.0 million revenue mark and achieving strong bookings, particularly in the fastener and electronics sectors [6] - The company anticipates benefits from a new long-term pricing agreement for jet engine components, which is expected to enhance future revenue [6] - There is an expectation for increased activity from the newly acquired eComp business, driven by electronic system modernization programs and Defense Logistics Agency requirements [6]

Core Viewpoint - Ranger Energy Services, Inc. reported its Q3 2025 results, highlighting a revenue decline and the acquisition of American Well Services, which is expected to enhance its market position and growth opportunities [1][4]. Financial Performance - Revenue for Q3 2025 was $128.9 million, a 16% decrease from $153.0 million in Q3 2024 and an 8% decrease from $140.6 million in Q2 2025 [5][11]. - Net income was $1.2 million, or $0.05 per diluted share, compared to $8.7 million, or $0.39 per diluted share in Q3 2024, and $7.3 million, or $0.32 per diluted share in Q2 2025 [5][13]. - Adjusted EBITDA was $16.8 million, representing a 13% margin, down from $20.6 million in Q2 2025 and $25.1 million in Q3 2024 [5][14]. - Free Cash Flow for the quarter was $8.0 million, or $0.37 per share, with total liquidity of $116.7 million at the end of the quarter [5][22]. Acquisition Details - The acquisition of American Well Services, a provider in the Permian Basin, is expected to create additional growth opportunities and enhance Ranger's service offerings [4][6]. - The combined entity will become the largest well services provider in the Lower 48 states, leveraging advanced technology [6]. Shareholder Returns - The company repurchased 667,500 shares for $8.3 million in Q3 2025, bringing total capital returns for the year to $15.6 million [5][10]. - A cash dividend of $0.06 per share was declared, reinforcing the commitment to return capital to shareholders [10]. Segment Performance - High Specification Rigs segment revenue was $80.9 million, down from $86.7 million in Q3 2024, with rig hours decreasing to 111,200 [16]. - Wireline Services segment revenue fell to $17.2 million, a 43% decline from $30.3 million in the prior year [20]. - Processing Solutions and Ancillary Services segment revenue was $30.8 million, down 14% from $36.0 million in the prior year [18]. Balance Sheet and Liquidity - As of September 30, 2025, total liquidity was $116.7 million, consisting of $71.5 million available on the revolving credit facility and $45.2 million in cash [22]. - The company had no borrowings under its loan facility as of the end of Q3 2025 [22].

Core Insights - Rumble Inc. reported a revenue of $24.8 million for Q3 2025, a slight decrease of 1% compared to $25.1 million in Q3 2024 [5][22] - The company experienced a decrease in Monthly Active Users (MAUs) to 47 million in Q3 2025 from 51 million in Q2 2025, attributed to seasonal content creation trends and a slowdown in news and political commentary [5][11] - Average Revenue Per User (ARPU) increased by 7% to $0.45 in Q3 2025, driven by higher audience monetization revenue despite fewer MAUs [5][13] - Rumble's net loss for Q3 2025 was $16.3 million, an improvement from a loss of $31.5 million in Q3 2024 [5][24] - The company maintained a strong liquidity position with over $290 million, including $269.8 million in cash and cash equivalents and Bitcoin valued at $24 million [5][22] Financial Performance - Total revenues for the three months ended September 30, 2025, were $24,762,445, down from $25,056,904 in the same period of 2024, reflecting a variance of $(294,459) or (1%) [4][22] - Cost of services decreased significantly by 31% to $25,219,331, primarily due to a reduction in programming and content costs [4][7] - General and administrative expenses rose to $10,492,008, an increase of $0.8 million compared to the previous year, driven by higher professional fees [4][8] - Research and development expenses decreased slightly to $4,455,354, while sales and marketing expenses increased by 28% to $5,076,937 [4][9][10] Strategic Developments - Rumble announced a strategic partnership with Cumulus Media on August 5, 2025, aimed at expanding distribution and monetization opportunities [5] - On October 2, 2025, Rumble partnered with Perplexity to enhance video discoverability through AI-driven search capabilities [5] - The platform was fully restored in France following a favorable court ruling on October 14, 2025 [5] - A subscription bundle combining Rumble Premium and Perplexity Pro was launched on October 15, 2025, priced at $19.99 per month [5] Key Performance Indicators - Monthly Active Users (MAUs) decreased to 47 million in Q3 2025 from 51 million in Q2 2025, indicating a decline in user engagement [5][11] - The company reported an Adjusted EBITDA loss of $15.1 million for Q3 2025, an improvement of $8.4 million compared to the same quarter in 2024 [5][31] - The net loss per share for Q3 2025 was $(0.06), compared to $(0.15) in Q3 2024 [24]