Core Insights - Griffon Corporation (GFF) reported adjusted earnings of $1.23 per share for Q2 fiscal 2025, exceeding the Zacks Consensus Estimate of $1.13, but reflecting an 8.9% year-over-year decline [1] - Total revenues were $611.7 million, missing the consensus estimate of $616 million and decreasing by 9% year over year [1] Segmental Performance - Home and Building Products segment generated revenues of $368.2 million, accounting for 60.2% of net revenues, down 6% year over year due to lower residential volume, although a favorable product mix helped mitigate the decline [1] - Consumer and Professional Products segment revenues totaled $243.5 million, representing 39.8% of total revenues, down 13% year over year, impacted by a 13% volume reduction in North America and the UK, partially offset by strength in Australia [3] Financial Metrics - Adjusted EBITDA was $109.4 million, a decrease of 15% year over year, influenced by lower revenues and increased labor and distribution costs, though partially offset by lower material costs [2] - The adjusted gross margin improved to 41.2% from 40.4% in the prior year, while net income decreased by 11% year over year to $56.8 million [5] Balance Sheet and Cash Flow - At the end of Q2 fiscal 2025, cash and cash equivalents stood at $127.8 million, up from $114.4 million at the end of fiscal 2024, while long-term debt was $1.53 billion [6] - The company generated net cash of $159.4 million from operating activities in the first half of fiscal 2025, down from $185.9 million in the same period last year [7] - Free cash flow for the first six months of fiscal 2025 was $145.8 million, compared to $153.8 million in the prior-year period [8]

Core Viewpoint - Copa Holdings (CPA) reported strong first-quarter 2025 earnings, with earnings per share of $4.28 exceeding estimates and showing a year-over-year improvement of 2.2% [1]. Financial Performance - Revenues reached $899.2 million, surpassing the Zacks Consensus Estimate of $889.5 million, and increased by 0.6% year over year, driven by an 8.7% rise in onboard passengers [1]. - Passenger revenues, which accounted for 95.6% of total revenues, remained flat year over year at $859 million, impacted by a 9.1% decrease in yield [1]. - Cargo and mail revenues improved by 17.3% year over year to $25.7 million, while other operating revenues grew by 12.7% to $14.5 million due to increased Connect Miles revenues from non-air partners [2]. Operational Metrics - Traffic, measured in revenue passenger miles, grew by 10.1%, and capacity, measured in available seat miles, increased by 9.5% year over year, resulting in a load factor of 86.4%, up 0.4 percentage points [3]. - Passenger revenue per available seat mile decreased by 8.7% to 11 cents, while revenue per available seat mile (RASM) fell by 8.1% to 11.5 cents [4]. Cost and Expenses - Total operating expenses rose by 1.2% year over year to $685.4 million, with notable increases in maintenance, materials, and repairs by 53.9% [5]. - The average fuel price per gallon decreased by 12.4% year over year to $2.54 [4]. Financial Position - At the end of the first quarter, Copa Holdings had cash and cash equivalents of $164.8 million, down from $613.3 million at the end of 2024, with total debt, including lease liabilities, at $1.9 billion [6]. Fleet and Future Outlook - The company exercised options for six additional Boeing 737 MAX-8 aircraft, expected to be delivered in 2028, ending the quarter with a consolidated fleet of 112 aircraft [7]. - For 2025, management anticipates a consolidated capacity growth of 7-8% and an operating margin of 21-23%, with expectations of low fuel costs and a load factor of 86.5% [8].

Core Viewpoint - Pacira BioSciences reported first-quarter 2025 adjusted earnings of 62 cents per share, exceeding the Zacks Consensus Estimate of 57 cents, while total revenues of $168.9 million fell short of the expected $175 million [1][2] Financial Performance - Adjusted earnings for Q1 2025 were 62 cents per share, consistent with the same quarter last year [1] - Total revenues reached $168.9 million, a 1% increase year over year, but missed the Zacks Consensus Estimate [1] - Exparel's net product sales were $136.5 million, up 3% from the previous year, but below the consensus estimate of $140.2 million [2][4] - Zilretta's net product sales were $23.3 million, down 10% year over year, missing both the consensus and model estimates [4] - Iovera's net product sales were $5.1 million, a 2% increase year over year, but below the consensus estimate of $5.5 million [5] Expenses - Research and development (R&D) expenses (excluding stock-based compensation) increased by 41% to $23.1 million due to higher product development and clinical study costs [6] - Selling, general and administrative (SG&A) expenses (excluding stock-based compensation) rose 19% to $76.2 million, driven by increased investments in commercial and marketing activities [7] Guidance and Projections - For 2025, Pacira BioSciences expects total revenues between $725 million and $765 million, with an adjusted gross margin projected between 76% and 78% [8] - Adjusted R&D expenses are anticipated to be between $90 million and $105 million, while adjusted SG&A expenses are expected to range from $290 million to $320 million [10] Recent Developments - The company announced the dosing of the first patient in a mid-stage study for pipeline candidate PCRX-201, aimed at treating osteoarthritis of the knee [11] - A settlement agreement with Fresenius and others regarding Exparel patents protects sales from generic competition until at least 2030 [12] - A U.S. District Court ruling eliminated the obligation to pay a low single-digit royalty on Exparel sales, expected to enhance profitability and revenue growth [13]

Core Viewpoint - Curtiss-Wright Corporation reported strong first-quarter 2025 earnings, with adjusted EPS of $2.82, exceeding estimates and reflecting significant year-over-year growth in both sales and earnings [1][2][3]. Financial Performance - The company achieved net sales of $805.6 million, a 13% increase year over year, surpassing the Zacks Consensus Estimate of $767 million by 5% [3]. - Adjusted operating income was reported at $134 million, with an adjusted operating margin of 17.9% [3]. Backlog and Orders - Total backlog at the end of Q1 was $3.7 billion, an 8.8% increase from the end of 2024, driven by demand in aerospace, defense, and commercial markets [4]. - New orders reached $1 billion, up 13% year over year, supported by strong demand in naval defense, commercial aerospace, and commercial nuclear sectors [4]. Segment Performance - **Aerospace & Industrial**: Sales increased 4% to $227 million, driven by higher commercial aerospace sales and defense market revenues [5]. Adjusted operating income improved 15% to $50 million, with a margin expansion of 140 bps to 13.9% [6]. - **Defense Electronics**: Sales rose 16% to $245 million, fueled by ground and naval defense market revenues [7]. Operating income increased 40% to $67 million, with a margin expansion of 480 bps to 27.5% [8]. - **Naval & Power**: Sales grew 18% to $333 million, driven by demand for submarine programs and commercial nuclear products [9][10]. Adjusted operating income increased 28% to $45 million, with a margin expansion of 100 bps to 12.6% [11]. Financial Position - As of March 31, 2025, cash and cash equivalents were $226.5 million, down from $385 million at the end of 2024 [12]. Long-term debt remained flat at $0.96 billion [12]. - Net cash outflow from operating activities was $38.8 million, an improvement from $45.6 million in the prior year [12]. Adjusted free cash outflow was $54.5 million, compared to $57.7 million a year ago [12]. 2025 Guidance - The company raised its 2025 guidance for adjusted earnings to a range of $12.45-$12.80 per share, up from $12.10-$12.40 [13]. - Sales guidance was also increased to $3.37-$3.42 billion, compared to the previous range of $3.34-$3.39 billion [14]. - Free cash flow guidance was raised to $495-$515 million, up from $485-$505 million [14].

Core Insights - Choice Hotels International, Inc. (CHH) reported first-quarter 2025 results with earnings and revenues missing the Zacks Consensus Estimate, although both metrics increased year-over-year [1][3] - The company has revised its outlook for 2025, leading to a decline in shares by 3.6% following the earnings release [1][8] Financial Performance - Adjusted EPS for Q1 was $1.34, missing the consensus estimate of $1.38 by 2.9%, compared to $1.28 in the prior-year quarter [3] - Quarterly revenues were $332.9 million, falling short of the consensus mark of $347 million by 4.1%, but increased 0.3% from $331.9 million year-over-year [3] - Domestic RevPAR increased by 230 basis points year-over-year to $46.28 [3] Revenue Streams - Franchise and management fees rose 1.2% year-over-year to $145.1 million [4] - Partnership services and fees increased by 27.9% to $25.4 million, while owned hotels revenue grew 11.5% to $27.9 million [4] - Other revenues from reimbursable costs decreased by 24.4% to $11.2 million and by 4.3% to $123.4 million, respectively [4] - The system-wide effective royalty rate increased by 6 basis points year-over-year to 5.11% [4] Operating Results - Total operating expenses decreased by 6.9% year-over-year to $252.9 million [5] - Adjusted EBITDA was $129.6 million, reflecting a 4.2% year-over-year increase [5] Balance Sheet - As of March 31, 2025, cash and cash equivalents were $40.1 million, slightly down from $40.2 million at the end of 2024 [6] - Long-term debt increased to $1.87 billion from $1.77 billion at the end of 2024 [6] Growth Metrics - The domestic net rooms portfolio grew by 2.3% year-over-year, with upscale, extended stay, and midscale units expanding by 3.6% [7] - The global net rooms portfolio rose by 2.8% to 647,587, while the international net rooms portfolio expanded by 4.4% to 141,986 [7] - The global pipeline includes over 95,000 rooms, with approximately 79,000 in the domestic market [7] 2025 Outlook - The company anticipates adjusted net income between $324 million and $339 million, down from a previous estimate of $333 million to $345 million [8] - Adjusted EBITDA is expected to range from $615 million to $635 million, revised from $625 million to $640 million [8] - Adjusted diluted EPS is projected between $6.90 and $7.22, compared to the prior estimate of $6.98 to $7.24 [8] - Domestic RevPAR growth for 2025 is estimated to range from a decline of 1% to an increase of 1%, revised from an earlier estimate of 1% to 2% [9] - The domestic effective royalty rate is expected to increase in the mid-single digits year-over-year, with global net system room growth estimated at approximately 1% compared to 2024 levels [9]

Core Insights - Post Holdings, Inc. reported second-quarter fiscal 2025 results with net sales missing estimates but adjusted earnings exceeding expectations, both metrics showing year-over-year declines [1][2]. Financial Performance - Adjusted earnings per share were $1.41, surpassing the Zacks Consensus Estimate of $1.18, but down from $1.51 in the prior year [2]. - Net sales totaled $1,952.1 million, a 2.3% decrease year over year, missing the Zacks Consensus Estimate of $1,977 million [2]. - Gross profit was $545.8 million, down 5.8% year over year, with gross margin contracting to 28% from 29% [3]. - Selling, general and administrative expenses decreased by 7.8% to $314.8 million, representing 16.1% of net sales compared to 17.1% in the previous year [3]. - Operating profit decreased by 4.2% to $182.2 million, while adjusted EBITDA increased by 0.4% to $346.5 million [3]. Segment Performance - **Post Consumer Brands**: Net sales were $987.9 million, down 7.3% year over year, missing estimates. Volumes fell by 5.8%, with cereal volumes down 6.3% [4]. - **Weetabix**: Reported a 4.6% decline in net sales to $131.7 million, missing estimates. Volumes decreased by 7.1% [5]. - **Foodservice**: Achieved 9.6% growth in net sales to $607.9 million, surpassing estimates. Volumes grew by 2.8% [6]. - **Refrigerated Retail**: Sales dipped 6.6% to $224.6 million, missing estimates. Volumes dropped by 4.9% [7]. Other Financial Aspects - Cash and cash equivalents stood at $617.6 million, with long-term debt of $6,944.6 million and total shareholders' equity of $3,841.4 million [8]. - The company repurchased 1.7 million shares for $191.6 million in the second quarter, totaling 3.3 million shares for $372.7 million in the first half of fiscal 2025 [9][10]. Future Guidance - Post Holdings updated its fiscal 2025 adjusted EBITDA guidance to a range of $1,430-$1,470 million, up from the previous range of $1,420-$1,460 million [11]. - Expected capital expenditures for fiscal 2025 are between $390 million and $430 million, including significant investments in Post Consumer Brands and Foodservice [12].

Core Viewpoint - Brighthouse Financial, Inc. (BHF) reported a first-quarter 2025 adjusted net income of $4.17 per share, missing the Zacks Consensus Estimate by 11.6%, with a year-over-year decline of 1.8% in the bottom line, attributed to lower premiums and rising expenses, although offset by improved adjusted net investment income [1][2] Financial Performance - Total operating revenues reached $2.2 billion, reflecting a 6.1% increase year over year, driven by higher universal life and investment-type product policy fees and net investment income [1] - Premiums amounted to $186 million, down 7.9% year over year, compared to an estimate of $218.3 million [2] - Adjusted net investment income was $1.3 billion, up 2% year over year, primarily due to asset growth, with an investment income yield of 4.25% [2] - Total expenses were $2.7 billion, nearly four times higher year over year, exceeding the estimate of $995.5 million [2] Segment Performance - Annuities segment reported adjusted operating income of $314 million, a slight increase of 0.3% year over year, while annuity sales decreased by 21% to $2.3 billion, mainly due to lower fixed annuity sales [3] - Life insurance segment achieved adjusted operating earnings of $9 million, recovering from a loss of $36 million in the previous year, with life insurance sales increasing by 24% quarter over quarter to $36 million [4] - Run-off segment recorded an adjusted operating loss of $64 million, wider than the previous year's loss of $34 million, attributed to lower net investment income [4] - Corporate & Other segment incurred an adjusted operating loss of $24 million, an improvement from a loss of $34 million in the prior year [5] Financial Position - Cash and cash equivalents stood at $4.7 billion, a 22% increase year over year [6] - Shareholders' equity reached $5.2 billion, up 25% year over year [6] - Book value per share, excluding accumulated other comprehensive income, was $141.87 as of March 31, 2025, reflecting a 12.3% increase year over year [6] - Statutory combined total adjusted capital was $5.5 billion, down 8.3% year over year, with an estimated combined risk-based capital ratio of 420-440% [6] Share Buyback Activity - Brighthouse Financial repurchased shares worth $59 million in the first quarter of 2025, with an additional $26 million on a trade date basis through May 6, 2025 [7]

Independent oil refiner and marketer Marathon Petroleum Corporation (MPC) reported a first-quarter 2025 adjusted loss per share of 24 cents, narrower than the Zacks Consensus Estimate of a loss of 63 cents. This primarily reflects the stronger-than-expected performance of its Refining & Marketing segment. The adjusted EBITDA of the segment totaled $489 million, surpassing the consensus mark of $286 million on the back of lower costs and higher throughput.However, the company’s bottom line fell sharply from ...

Core Viewpoint - Permian Resources Corporation (PR) reported a first-quarter 2025 adjusted net income per share of 42 cents, missing the Zacks Consensus Estimate of 44 cents, primarily due to increased operating expenses and lower oil prices, although the figure was consistent with the previous year [1] Financial Performance - Oil and gas sales reached $1.4 billion, reflecting a 10.7% increase year-over-year but falling short of the Zacks Consensus Estimate by 1.2% [1] - Adjusted cash flow from operations increased by 13.9% to $960.5 million, with capital expenditures totaling $501 million, resulting in adjusted free cash flow of $460 million [6] - Total operating expenses rose to $872 million from $774.1 million in the prior year, driven by a 6.5% increase in lease operating costs and a 15.6% rise in depreciation, depletion, and amortization [5] Production and Pricing - Average daily production increased by 16.8% year-over-year to 373,209 barrels of oil equivalent (Boe), surpassing the Zacks Consensus Estimate of 368,855 Boe [3] - Oil volume for the quarter was 174,967 barrels per day, up 15.3% year-over-year, exceeding the consensus mark of 171,776 Bbls/d [3] - The average sales price for oil was $70.48 per barrel, down 7.4% from the previous year, and slightly below the consensus estimate [4] Dividend and Shareholder Returns - The board declared a quarterly cash dividend of 15 cents per share, equivalent to 60 cents annually, to be paid on June 30, 2025 [2] Strategic Moves - The company completed the sale of its non-core Barilla Draw gathering systems for $180 million during the quarter [2] - A strategic acquisition was announced, expected to contribute approximately 12,000 Boe/d in the second half of the year, although this is not included in the revised standalone guidance [10] Guidance and Outlook - Updated full-year 2025 guidance anticipates average daily production between 360,000-380,000 Boe/d, with oil production ranging from 170,000 Bbls/d to 175,000 Bbls/d [7] - Controllable cash expenses are projected to be between $7.25 and $8.25 per Boe, with lease operating expenses estimated at approximately $5.55 per Boe [8] - The capital expenditure budget has been slightly reduced to a range of $1.9-$2 billion [9]

Core Insights - Six Flags Entertainment Corporation reported a revenue of $202.06 million for the quarter ended March 2025, marking a significant increase of 98.8% year-over-year [1] - The company's EPS was -$2.20, an improvement from -$2.47 in the same quarter last year, with a positive surprise of +3.93% compared to the consensus estimate of -$2.29 [1] Revenue and Attendance Metrics - Attendance for the quarter was 2.82 million, slightly below the estimated 2.93 million [4] - Net revenues from admissions were $106.76 million, which is a 134.9% increase compared to the previous year, but below the estimated $114.87 million [4] - Net revenues from accommodations, extra-charge products, and other sources were $29.45 million, exceeding the estimate of $29.12 million, reflecting a 70.1% year-over-year increase [4] - Net revenues from food, merchandise, and games totaled $65.85 million, significantly lower than the estimated $92.34 million, but still showing a 69.5% increase year-over-year [4] Stock Performance - Over the past month, shares of Six Flags Entertainment Corporation have returned +7.6%, compared to the Zacks S&P 500 composite's +11.3% change [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]