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Innovative Food Holdings, Inc. Reports Financial Results for First Quarter of 2025
Globenewswire· 2025-05-15 12:00
Core Insights - Innovative Food Holdings, Inc. reported a revenue of $19.5 million for Q1 2025, reflecting a 26.0% increase compared to Q1 2024, with organic revenue growth at 22.9% [3][2] - The company experienced a decline in gross margin by 157 basis points to 22.9%, although gross margin dollars increased by $0.7 million due to an additional $4.0 million in revenue [2][3] - GAAP net income from continuing operations was a loss of $0.4 million, compared to a gain of $1.4 million in Q1 2024, primarily due to a $1.8 million gain from the sale of the Florida headquarters in the previous year [3][2] - Adjusted EBITDA for Q1 2025 was $346 thousand, down from $486 thousand in Q1 2024, with a noted profit headwind of approximately $425 thousand due to the ramp-up of the retail business [3][2] Financial Performance - Revenue for Q1 2025 was $19,548,566, up from $15,518,153 in Q1 2024 [11] - Cost of goods sold increased to $15,062,759 from $11,713,219, resulting in a gross margin of $4,485,807 compared to $3,804,934 in the prior year [11] - Selling, general and administrative expenses rose to $4,708,977 from $3,978,840, leading to an operating loss of $223,170 [11] - The company reported a net loss of $430,436 for Q1 2025, compared to a net income of $1,425,874 in Q1 2024 [11] Growth Initiatives - The first quarter of 2025 marked the integration of recent acquisitions, including Golden Organics and LoCo Food Distribution, and the launch of a new retail sales channel that generated $3.7 million in revenue [2][3] - The company noted triple-digit growth in its Amazon sales channel and single-digit growth in its airline catering and Chicago Artisan businesses [2] - Management emphasized the importance of returning the legacy drop ship business to growth through significant catalog expansion, as it continues to represent the majority of the company's revenues [2] Operational Developments - The company is in the process of stabilizing its new acquisitions and relocating the LoCo business from Fort Collins to Denver [2] - Management expressed confidence in achieving profitability in the cheese business as the year progresses, highlighting a solid foundation and a committed team [2]
dLocal Reports 2025 First Quarter Financial Results
Globenewswire· 2025-05-14 20:05
Core Insights - dLocal achieved record highs in key financial and operational metrics for Q1 2025, including Total Payment Volume (TPV), revenue, and gross profit [2][6][8] Financial Performance - Total Payment Volume (TPV) reached US$8.1 billion, representing a 53% year-over-year increase and a 5% quarter-over-quarter increase [2][6][8] - Revenue for the quarter was US$216.8 million, up 18% year-over-year and 6% quarter-over-quarter [2][6][8] - Gross profit was US$84.9 million, a 35% increase compared to Q1 2024 [2][6][8] - Adjusted EBITDA was US$57.9 million, reflecting a 57% year-over-year increase [2][10][12] - Net income for Q1 2025 was US$46.7 million, a significant increase of 163% compared to Q1 2024 [10][12][14] Operational Efficiency - Adjusted EBITDA margin improved to 27%, up from 20% in Q1 2024 [10][12] - Free cash flow for the quarter was US$39.7 million, a 200% increase year-over-year [10][12] - The company maintained a strong cash position with US$511.5 million in cash and cash equivalents as of March 31, 2025 [10][12][15] Strategic Execution - The management team effectively leveraged existing merchant relationships and established new partnerships, contributing to the strong financial performance [5][10] - The company focused on expanding its license portfolios through its legal and regulatory teams [5][10] Market Position - dLocal operates in over 40 countries across Africa, Asia, and Latin America, connecting global enterprise merchants with emerging market consumers [19][20]
HomeTrust Bank Further Recognized for Strong Financial Performance and as a Most Loved Workplace
Globenewswire· 2025-05-08 12:30
ASHEVILLE, N.C., May 08, 2025 (GLOBE NEWSWIRE) -- HomeTrust Bancshares, Inc. (NYSE: HTB) (“Company”), the holding company of HomeTrust Bank (“HomeTrust” or the “Bank”), announced today that the Bank has been named one of Forbes’ America’s Best Banks for 2025 and recognized as a Top 50 Community Bank in the 2024 S&P Global Market Intelligence annual rankings. These awards are based on key metrics assessing the overall financial performance and strength of financial institutions. This is the second consecutiv ...
Global Crossing Airlines Reports First Quarter 2025 Financial Results
Globenewswire· 2025-05-07 20:05
GAAP Net Income of $0.2 Million or $0.00 per Share; EBITDAR of $20.6 Million Revenue of $66.6 Million with Total Block Hours of 7,546 MIAMI, May 07, 2025 (GLOBE NEWSWIRE) -- Global Crossing Airlines Group, Inc. (Cboe CA: JET, Cboe CA: JET.B, OTCQB: JETMF) (the "Company" or "GlobalX"), the Nation's fastest growing charter airline, today announced its financial and operating results for the first quarter ended March 31, 2025. Except as otherwise disclosed, all figures for the three-month period are presented ...
United States Lime & Minerals Reports First Quarter 2025 Results and Declares Regular Quarterly Cash Dividend
GlobeNewswire News Room· 2025-04-30 21:51
Financial Performance - Company reported revenues of $91.3 million in Q1 2025, an increase of $19.6 million or 27.3% compared to $71.7 million in Q1 2024, driven by higher sales volumes and average selling prices of lime and limestone products [1] - Gross profit for Q1 2025 was $46.2 million, up $15.5 million or 50.8% from $30.6 million in Q1 2024, primarily due to increased revenues [2] - Net income reached $34.1 million ($1.19 per diluted share) in Q1 2025, reflecting an increase of $11.7 million or 52.0% from $22.4 million ($0.78 per diluted share) in Q1 2024 [5] Expenses - Selling, general and administrative (SG&A) expenses were $6.3 million in Q1 2025, an increase of $1.4 million or 29.2% from $4.8 million in Q1 2024, mainly due to higher personnel expenses including stock-based compensation [3] Other Income - Other (income) expense, net was $3.1 million in Q1 2025, an increase of $0.6 million from $2.5 million in Q1 2024, attributed to interest earned on higher average cash balances [4] Dividend Announcement - Company declared a quarterly cash dividend of $0.06 per share, payable on June 13, 2025, to shareholders of record by May 23, 2025 [7] Company Overview - United States Lime & Minerals, Inc. is a manufacturer of lime and limestone products, serving various industries including construction, industrial, environmental, metals, agriculture, and oil and gas services [8]
United States Lime & Minerals Reports First Quarter 2025 Results and Declares Regular Quarterly Cash Dividend
Globenewswire· 2025-04-30 21:51
Core Insights - United States Lime & Minerals, Inc. reported a strong financial performance in Q1 2025, with revenues increasing by 27.3% year-over-year to $91.3 million, driven by higher sales volumes and average selling prices of lime and limestone products [1][6] - The company's gross profit rose by 50.8% to $46.2 million, reflecting the revenue growth [2] - Net income for Q1 2025 was $34.1 million, a 52.0% increase compared to $22.4 million in Q1 2024, translating to $1.19 per diluted share [5] Revenue and Profitability - Revenues in Q1 2025 were $91.3 million, up from $71.7 million in Q1 2024, an increase of $19.6 million [1] - Gross profit increased to $46.2 million from $30.6 million, an increase of $15.5 million [2] - Operating profit for the quarter was $39.9 million, compared to $25.8 million in the previous year [12] Expenses - Selling, general and administrative (SG&A) expenses rose to $6.3 million in Q1 2025 from $4.8 million in Q1 2024, an increase of 29.2% [3] - Other income increased to $3.1 million in Q1 2025 from $2.5 million in Q1 2024, primarily due to interest earned on higher cash balances [4] Dividend Announcement - The Board of Directors declared a quarterly cash dividend of $0.06 per share, payable on June 13, 2025, to shareholders of record by May 23, 2025 [7] Company Overview - United States Lime & Minerals, Inc. is a manufacturer of lime and limestone products, serving various industries including construction, industrial, environmental, metals, agriculture, and oil and gas services [8]
Encompass Health reports results for first quarter 2025
Prnewswire· 2025-04-24 20:20
Core Viewpoint - Encompass Health Corporation reported strong first-quarter results for 2025, with significant revenue and earnings growth, leading to an increase in full-year guidance for key financial metrics [1][4]. Financial Performance - Net operating revenue for Q1 2025 was $1,455.4 million, a 10.6% increase from $1,316.0 million in Q1 2024, reflecting a growth of $139.4 million [2][9]. - Income from continuing operations attributable to Encompass Health per diluted share rose to $1.48, up 33.3% from $1.11 in the previous year [2][14]. - Adjusted earnings per share increased by 22.3% to $1.37 from $1.12 [2][21]. - Cash flows from operating activities increased by 20.9% to $288.6 million compared to $238.8 million in Q1 2024 [2][18]. - Adjusted EBITDA for the quarter was $313.6 million, a 14.9% increase from $273.0 million [2][20]. Operational Highlights - Total discharges increased by 6.3% to 64,985, with same-store discharge growth of 4.4% [2][9]. - Net patient revenue per discharge grew by 3.9% to $21,816 from $20,990 [2][9]. - The company opened one new 40-bed hospital and added 25 beds to existing facilities during the quarter [3]. Updated Guidance - The company raised its full-year guidance for 2025, with net operating revenue now expected to be between $5,850 million and $5,925 million, up from the previous range of $5,800 million to $5,900 million [4]. - Adjusted EBITDA guidance was updated to a range of $1,185 million to $1,220 million, compared to the previous guidance of $1,160 million to $1,200 million [4]. - Adjusted earnings per share from continuing operations is now projected to be between $4.85 and $5.10, an increase from the prior range of $4.67 to $4.96 [4].
Century Next Financial Corporation Reports Record 1st Quarter 2025 Results
Globenewswire· 2025-04-23 20:37
Financial Performance - The Company reported a net income after tax of $3.45 million for Q1 2025, an increase of $790,000 or 29.7% compared to $2.66 million in Q1 2024 [2] - Earnings per share (EPS) for Q1 2025 were $1.89 basic and $1.88 diluted, compared to $1.48 for both in Q1 2024 [2] Balance Sheet - Total assets increased by $40.3 million or 4.6% to $909.7 million as of March 31, 2025, from $869.4 million at December 31, 2024 [3] - Cash and cash equivalents rose by $20.5 million or 16.3% to $146.2 million, while investment securities increased by $10.9 million to $109.4 million [4] Loans and Deposits - Net loans increased by $10.8 million or 1.8% to $616.2 million as of March 31, 2025, with notable increases in commercial non-real estate loans and residential construction loans [5] - Total deposits rose by $35.0 million or 4.5% to $805.7 million, driven by a $46.1 million increase in noninterest-bearing checking accounts [6] Income Statement - Net interest income for Q1 2025 was $9.1 million, up $1.5 million or 19.6% from $7.6 million in Q1 2024 [8] - Total non-interest income decreased by $41,000 or 5.1% to $770,000, primarily due to a decline in income from the origination and sale of residential loans [10] Expenses and Efficiency - Total non-interest expense increased by $284,000 or 5.5% to $5.4 million, with salaries and employee benefits being the largest contributor [11] - The efficiency ratio improved to 54.90% for Q1 2025 from 60.99% in Q1 2024, driven by increased net interest income [12] Other Financial Information - Nonperforming assets decreased from $3.98 million at December 31, 2024, to $3.76 million at March 31, 2025, representing 0.41% of total assets [13] - The allowance for credit losses was $6.63 million or 1.06% of total loans as of March 31, 2025, compared to $6.07 million or 1.01% a year earlier [14] Dividend Declaration - The Board of Directors approved a cash dividend of $0.75 per share, payable on June 5, 2025, to shareholders of record as of May 22, 2025 [15] Company Information - Century Next Financial Corporation is the holding company for Century Next Bank, which operates primarily in Louisiana and Arkansas, focusing on small and medium-sized businesses and individuals [16]
Univest Financial Corporation Reports First Quarter Results
Globenewswire· 2025-04-23 20:15
(Announces 4.8% increase in dividend)SOUDERTON, Pa., April 23, 2025 (GLOBE NEWSWIRE) -- Univest Financial Corporation (“Univest” or the "Corporation") (NASDAQ: UVSP), parent company of Univest Bank and Trust Co. (the "Bank") and its insurance, investments and equipment financing subsidiaries, announced net income for the quarter ended March 31, 2025 of $22.4 million, or $0.77 diluted earnings per share, compared to net income of $20.3 million, or $0.69 diluted earnings per share, for the quarter ended March ...