Core Viewpoint - Tutor Perini Corp. has exceeded earnings expectations for Q1 2025 and raised its full-year earnings guidance, driven by a record-high construction backlog and strong project execution [1][10]. Financial Performance - In Q1 2025, Tutor Perini reported earnings of $0.53, surpassing the Zacks Consensus Estimate by 783%, which was only $0.06 [3]. - Revenue increased by 19% to $1.25 billion from $1.05 billion in the same period last year, primarily due to higher-margin projects [4]. - The company repaid $121.9 million of its Term Loan B, resulting in a 24% reduction in total debt compared to the end of 2024 [5]. Backlog and New Contracts - Tutor Perini's backlog reached a record $19.4 billion as of March 31, 2025, up 94% from the end of Q1 2024, following $2 billion in new awards and contract adjustments [6][7]. - Significant new contracts include the $1.18 billion Manhattan Tunnel project and additional funding for various projects in Texas, Guam, and California [7]. Future Outlook - The company raised its full-year earnings guidance to a range of $1.60 to $1.95, up from $1.50 to $1.90 [10]. - Earnings for 2026 and 2027 are expected to more than double compared to 2025, with the Zacks Consensus for 2026 rising to $2.87, indicating further growth of 56% [11]. Market Performance - Tutor Perini's shares have reached new 5-year highs, outperforming the Russell 2000 small cap index year-to-date [12]. - The company is attractively priced with a forward P/E ratio of 19.3, a P/S ratio of 0.4, and a P/B ratio of 1.6, indicating potential value [14].

Hormel Foods Corporation (HRL) is likely to register top-line growth when it reports second-quarter fiscal 2025 earnings on May 29, before the market opens. The Zacks Consensus Estimate for quarterly revenues is pegged at $2.9 billion, which indicates a 0.6% increase from the year-ago quarter. The consensus mark for earnings has remained unchanged in the past 30 days at 35 cents per share, which implies a 7.9% decrease from the figure reported in the year-ago quarter. HRL delivered a trailing four-quarter e ...

Company Overview - Guaranty Bancshares Inc. (GNTY) is headquartered in Addison and has experienced a price change of 22.8% this year [3] - The company currently pays a dividend of $0.25 per share, resulting in a dividend yield of 2.35%, which is higher than the Banks - Southwest industry's yield of 1.22% and the S&P 500's yield of 1.53% [3] Dividend Performance - The current annualized dividend of $1 represents a 4.2% increase from the previous year [4] - Over the last 5 years, Guaranty Bancshares has increased its dividend 5 times year-over-year, averaging an annual increase of 7.12% [4] - The company's payout ratio is currently 34%, indicating that it pays out 34% of its trailing 12-month earnings per share as dividends [4] Earnings Growth - Guaranty Bancshares is expected to see earnings expansion this fiscal year, with the Zacks Consensus Estimate for 2025 at $3.30 per share, reflecting a year-over-year earnings growth rate of 20.44% [5] Investment Appeal - GNTY is considered a compelling investment opportunity due to its attractive dividend and strong Zacks Rank of 1 (Strong Buy) [7]

16 May 2025 | 4:25PM EDT +1(212)902-6781 | david.kostin@gs.com Goldman Sachs & Co. LLC Ben Snider +1(212)357-1744 | ben.snider@gs.com Goldman Sachs & Co. LLC Ryan Hammond +1(212)902-5625 | ryan.hammond@gs.com Goldman Sachs & Co. LLC Jenny Ma +1(212)357-5775 | jenny.ma@gs.com Goldman Sachs & Co. LLC Daniel Chavez +1(212)357-7657 | daniel.chavez@gs.com Goldman Sachs & Co. LLC Kartik Jayachandran +1(212)855-7744 | kartik.jayachandran@gs.com Goldman Sachs & Co. LLC US Weekly Kickstart Large-cap outperformance s ...

Core Insights - Optex Systems Holdings, Inc. (OPXS) shares have increased by 19.1% following the earnings report for the quarter ended March 30, 2025, significantly outperforming the S&P 500's 1% change during the same period [1] - The stock has surged 42.9% over the past month, compared to the S&P 500's 11.4% rise, indicating strong investor enthusiasm driven by robust quarterly results and management commentary [1] Financial Performance - For the fiscal second quarter ended March 30, 2025, Optex reported earnings per share of 26 cents, up from 16 cents a year earlier [2] - Revenue increased by 25.9% year-over-year to $10.7 million, up from $8.5 million [2] - Net income rose by 66.5% to $1.8 million, compared to $1.1 million a year ago [2] - Gross profit increased by 31.4% to $3.4 million, with gross margin expanding by 130 basis points to 31.3% [2] - Operating income climbed 65% to $2.2 million, reflecting improved efficiency across both segments [2] Operational Metrics - For the six months ended March 30, 2025, revenues increased by 22.2% year-over-year to $18.9 million, while net income grew by 74.9% to $2.6 million [3] - Gross margin for the six-month period rose to 29%, up from 27.4% in the previous year [3] - Adjusted EBITDA for the six-month period increased by 49.6% to $3.6 million, indicating strong underlying profitability [3] Backlog and Contracts - As of March 30, 2025, the backlog stood at $41.1 million, down 7% from $44.2 million as of March 31 and September 29, 2024 [4] - Management secured a $5.7 million laser filter contract for the Applied Optics Center, scheduled for delivery between August 2025 and December 2026 [4] Management Insights - CEO Danny Schoening attributed the strong quarterly performance to enhanced periscope production capacity and increased demand for laser filters [5] - The company emphasized operational execution and alignment with customer expectations as key factors in its recent success [5] Revenue Drivers - Revenue growth was primarily driven by increased periscope production and heightened customer demand for laser filter products [6] - Improved absorption of fixed costs on a higher revenue base contributed to the increase in gross profit [6] - The manufacturing facilities in Richardson played a crucial role in scaling production efficiently [6] Financial Strategy - During the quarter, Optex repaid $1 million against its credit facility, reducing outstanding debt to zero as of March 30, 2025 [7] - The company ended the quarter with $3.5 million in cash and a working capital position of $17.9 million, up from $15.1 million at the end of fiscal 2024 [7] - These actions reflect a conservative financial strategy aimed at maintaining liquidity and funding operational needs internally [7]

+91 226 842 1482 With Nifty nearing 25,000, we are now back to usual business after a dramatic weekend that culminated in India-Pakistan ceasefire (an uneasy calm, but we'll take it). We had advised in our previous notes to buy the dip given instances of sharp market recovery immediately once the escalation is behind. This report marks a return from the geopolitical Nikhil Arela to the fundamental, as we dissect the earnings to see what lies ahead. We retain our nikhil.arela@bernsteinsg.com positive view on ...

Company Overview - Thermo Fisher Scientific Inc. is represented by Marc Casper, the Chairman, President, and CEO, at the BofA Securities 2025 Healthcare Conference [1][2]. Industry Insights - The company is optimistic about the recovery of end-markets entering 2025, indicating a focus on raising earnings growth ambitions as market conditions improve, although they are not yet fully normalized [4]. - The first quarter of 2025 is highlighted as a period of significant developments in the macro and policy landscape, which has implications for the tools sector [3]. Conference Context - The conference serves as a platform for discussing the current state of the tools sector amidst turbulent times, with an emphasis on the importance of the event for stakeholders [3]. - The participation of key executives and the focus on industry trends reflect the company's commitment to engaging with investors and addressing market dynamics [1][3].

Group 1 - Magyar Bancorp, Inc. has been recognized by KBW as a member of the 2025 Bank Honor Roll, highlighting its strong and consistent earnings growth over the past decade [1][2] - This recognition marks the second consecutive year that Magyar Bancorp has been included in the KBW Honor Roll, which consists of only 16 elite banks [1][2] - The selection criteria for the KBW Bank Honor Roll include consistent earnings growth over the past 10 years and being in the top 5% of banks based on a 10-year earnings per share compound annual growth rate [2] Group 2 - John Fitzgerald, President and CEO of Magyar Bank, emphasized that community banking is central to the company's business strategy, contributing to consistent earnings growth and positive returns for shareholders [3] - The company has been serving families and businesses in Central New Jersey since 1922, indicating a long-standing commitment to the community [4]

Core Viewpoint - National Presto Industries, Inc. has experienced a significant decline in stock performance despite reporting strong earnings growth, particularly in its Defense segment, while facing challenges in consumer-facing segments due to tariffs and elevated material costs [1][5][6]. Financial Performance - The company reported first-quarter 2025 earnings per share of $1.07, up from 92 cents a year ago [2]. - Net sales reached $103.6 million, a 35.2% increase from $76.7 million in the prior-year period [2]. - Net earnings rose to $7.6 million, reflecting a 15.9% increase from $6.6 million in the first quarter of 2024 [2]. Segment Performance - The Defense segment saw sales surge by $25.9 million, or 47.1%, driven by increased backlog shipments [3]. - Operating earnings in the Defense segment climbed by $4.9 million or 58.6% [3]. - The Housewares/Small Appliance and Safety segments showed only nominal gains, with the Small Appliance business posting an operating loss due to unfavorable product mix and elevated material costs [4]. Management Insights - President Maryjo Cohen highlighted Defense growth as the main driver of overall performance, attributing it to increased shipments from backlog [5]. - Challenges in the Housewares segment were noted, particularly due to the impact of "Trump tariffs" set at 145% on certain imported goods, which significantly affected earnings [5]. - The company has paused new product announcements and purchasing activity in response to these challenges [5]. Cost Environment - Elevated material costs and punitive tariff rates have pressured margins, especially in the Housewares/Small Appliance segment [6]. - Tariff-related expenses were expensed immediately, further impacting profitability [6]. - The Safety segment continued to be a drag on overall profitability despite improved sales [6]. Portfolio Income - The company's portfolio earnings were described as "nominal" due to capital allocation needs in the Defense business [7]. - Increased inventory investments to support expanded Defense contracts limited funds available for interest or dividend-yielding instruments [7].

Financial Data and Key Metrics Changes - The company reported adjusted net income of $28.4 million and adjusted earnings per share of $1.74 for Q1 2025, an increase of $1.2 million or $0.05 per share compared to Q1 2024 [6][16] - Electric adjusted gross margin was $27.5 million, up $400,000 or 1.5% year-over-year, driven by higher distribution rates and customer growth [18] - Gas adjusted gross margin reached $70.9 million, an increase of $9.9 million or approximately 16.2% compared to the same period in 2024, attributed to higher distribution rates, customer growth, and a return to normal winter weather [19] Business Line Data and Key Metrics Changes - The company added approximately 970 electric customers and 9,230 new gas customers in Q1 2025, including 8,730 from the Bangor acquisition [19][20] - Excluding the Bangor acquisition, gas adjusted gross margin was $68 million, reflecting a $7 million or 10.2% increase compared to Q1 2024 [20] Market Data and Key Metrics Changes - The company anticipates adding about 15,000 customers in Maine, where customer growth is projected at 4% to 5% [9] - The acquisition of Aquarian Water Company is expected to add 23,000 customers and $78 million of rate base as of December 31, 2024 [13] Company Strategy and Development Direction - The company is focused on expanding its regulated operations through recent acquisitions, including Bangor Natural Gas and Maine Natural Gas, which are expected to support long-term rate base and earnings growth [6][7] - The company reaffirmed its long-term guidance for earnings growth, dividend growth, and rate base growth, expecting acquisitions to support earnings growth toward the upper end of the 5% to 7% range over the next five years [7][14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's strategic initiatives and growth opportunities, stating that the company is in a strong position to provide long-term sustainable value [26] - The company expects rate base growth to accelerate to about 10% annually through 2029 due to acquisitions [14] Other Important Information - The company filed a distribution rate case with the New Hampshire Public Utilities Commission, proposing a revenue requirement increase of $18.5 million [22] - The current five-year capital budget totals approximately $1 billion, which is 46% higher than the previous five years, excluding growth from acquisitions [24] Q&A Session Summary - No specific questions and answers were provided in the content, thus this section is not applicable.