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Middlesex Water Company Reports First Quarter 2025 Earnings
Globenewswire· 2025-05-01 20:10
Core Viewpoint - Middlesex Water Company reported a decrease in net income and diluted EPS for Q1 2025 compared to the same period in 2024, primarily due to a one-time recovery in the previous year, despite growth in operating revenue and customer base [2][3]. Financial Performance - Net income for Q1 2025 was $9.5 million, with diluted EPS of $0.53, down from $10.7 million and $0.59 in Q1 2024 [2][9]. - Operating revenue increased to $44.3 million, up $3.8 million from $40.5 million in the same quarter last year, driven by rate increases, higher consumption, and customer growth [3][14]. - Operating expenses rose to $32.7 million, an increase of approximately $2.0 million from $30.7 million in Q1 2024, mainly due to higher variable production costs and increased weather-related main break activity [4][14]. Growth Initiatives - The company completed the acquisition of Ocean View water utility assets for approximately $4.6 million, expanding its customer base by serving around 900 customers in Sussex County, Delaware [5][9]. - Middlesex plans to invest approximately $93 million in 2025 to upgrade and enhance its water and wastewater utility infrastructure, having already invested about $19 million in Q1 2025 [7][11]. Rate Applications and Revenue - Middlesex filed a third Distribution System Improvement Charge (DSIC) rate application expected to generate $1.9 million in annual revenues starting June 2025, in addition to existing revenues from previous DSIC filings [6][11]. Dividend Declaration - The Board of Directors declared a second quarter cash dividend of $0.34 per common share, to be paid on June 2, 2025, marking 52 consecutive years of dividend increases [10][11].
Nvni Group Limited Reports Record 2024 Financial Results
Globenewswire· 2025-05-01 12:00
Core Insights - Nuvini Group Limited reported record FY24 revenue of R$193.3 million, representing a 14.4% increase from R$169.0 million in FY23, driven by higher SaaS subscription revenue and improved customer retention [1][6] - The company achieved its first operating profit of R$16.5 million, a significant turnaround from a loss of R$(189.2) million in FY23 [1][6] - Adjusted EBITDA rose to R$57.4 million, marking a 30% increase compared to R$44.3 million in FY23 [1][6] - Nuvini plans to complete a minimum of four acquisitions in 2025 as part of its expansion strategy [5] Financial Highlights - Gross profit increased to R$122.5 million with a margin of 63.4%, up from R$102.8 million and 60.8% in FY23 [6] - Adjusted free cash flow improved to R$22.5 million, an increase of R$31.9 million compared to the previous year [6] - Cash and equivalents at year-end were R$18.0 million, up from R$11.4 million at the end of FY23 [6] - Churn rate improved to (2.9)% from (3.3)% in FY23, indicating better client satisfaction [6] Strategic Developments - The company announced the acquisition of Munddi, an online platform connecting brands with consumers, suppliers, and retail chains in São Paulo, Brazil, which is expected to close in Q2 2025 [3][4] - This acquisition is part of a broader strategy to enhance profitability and expand the revenue base through targeted acquisitions [4]
Gildan Reports Results for the First Quarter of 2025; Maintains Full Year Guidance
Globenewswire· 2025-04-29 20:04
(all amounts are in U.S. dollars except where otherwise indicated) (1) Please refer to "Non-GAAP financial measures and related ratios" in this press release Net sales of $712 million, up 2.3% vs. the prior yearOperating margin of 18.2%, adjusted operating margin1 of 19.0%GAAP diluted EPS of $0.56 and adjusted diluted EPS1 of $0.59Capital returned to shareholders of $62 million through share repurchasesCompany maintains its full year 2025 guidance, including the impact of tariffs MONTREAL, April 29, 202 ...
Woodward(WWD) - 2025 Q2 - Earnings Call Presentation
2025-04-29 01:02
Second Quarter Fiscal Year 2025 Results April 28, 2025 Cautionary Statement Information in the earnings call and this presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties, including, but not limited to, the Company's ability to manage tariffs and the current operating environment; our long-term value proposition and ability to achieve sustainable growth and enhance shareholder value; our current stead ...
Woodward Reports Second Quarter Fiscal Year 2025 Results
Globenewswire· 2025-04-28 20:00
~Results in Line with Expectations, on Track to Deliver Full-Year Guidance~ FORT COLLINS, Colo., April 28, 2025 (GLOBE NEWSWIRE) -- Woodward, Inc. (NASDAQ: WWD) today reported financial results for its second quarter of fiscal year 2025. All amounts are presented on an as reported (U.S. GAAP) basis unless otherwise indicated. All per share amounts are presented on a fully diluted basis. All references to years are references to the Company’s fiscal year unless otherwise stated. All comparisons are made to t ...
Palantir Q1 Earnings Preview: Nothing Stops The AI Train
Seeking Alpha· 2025-04-28 15:04
I recently joined The REIT Forum and if you are looking for more investment ideas like this one, get them exclusively at The REIT Forum with access to our subscriber only portfolios.Amrita runs a boutique family office fund in beautiful Vancouver, where she leads the investment strategy for the family fund. The fund's objective is to invest capital in sustainable, growth-driven companies that maximize shareholder equity by meeting their growth-oriented goals. In addition, she also started her own award-winn ...
GIII Drives Sustainable Growth Through Brand Ownership and Innovation
ZACKS· 2025-04-28 11:05
G-III Apparel Group, Ltd. (GIII) is successfully transforming its business by prioritizing owned brands, boosting profitability and brand control while reducing dependence on licensed labels. Strong growth from key brands like DKNY and Karl Lagerfeld, strategic digital investments and aggressive international expansion are positioning the company for sustainable, long-term success. Moreover, its focus on innovation, global reach and operational efficiency continues to drive strong momentum into fiscal 2026 ...
香港宽频(01310) - 2025 H1 - 电话会议演示
2025-04-25 19:00
FY25 Interim Results Announcement SUSTAINABLE GROWTH --- Supercharged by GigaFast Solutions These materials have been prepared by HKBN Ltd. (the "Company") solely for use at this presentation and have not been independently verified. No representations or warranties, express or implied, are made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions presented or contained in these materials. William Yeung Executive Vice-chairman & Group ...
HKBN(01310) - 2025 H1 - Earnings Call Transcript
2025-04-25 10:45
HKBN Ltd (01310) H1 2025 Earnings Call April 25, 2025 05:45 AM ET Company Participants William Yeung - Co-Owner & Executive Vice-chairman & Group CEODenis Yip - President & Group COODerek Yue - Co-Owner & CFO Conference Call Participants None - Analyst Operator Good afternoon, everyone. On behalf of HKBN Limited, thank you all for joining the group's twenty twenty five Interim Results Investor Presentation. Today's presentation and Q and A session will be conducted in English. The management will present th ...
Gildan Activewear's Q1 Earnings Upcoming: Here's What You Should Know
ZACKS· 2025-04-24 16:00
Gildan Activewear Inc. (GIL) is likely to register top-line growth when it reports first-quarter 2025 results on April 29. The Zacks Consensus Estimate for revenues is pegged at $711.1 million, indicating a rise of 2.2% from the year-ago figure.The consensus estimate for earnings is pegged at 57 cents per share, which indicates a 3.4% drop from the year-ago quarter’s actual. The consensus mark has remained unchanged in the past 30 days.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar ...