ACHESON, Alberta, May 14, 2025 (GLOBE NEWSWIRE) -- North American Construction Group Ltd. (“NACG”) (TSX:NOA/NYSE:NOA) today announced results for the first quarter ended March 31, 2025. Unless otherwise indicated, financial figures are expressed in Canadian dollars, and comparisons are to the prior period ended March 31, 2024. First Quarter 2025 Highlights: Combined revenue of $391.5 million, the second-highest quarter in company history, compared favorably to $345.7 million in the same period last year and ...

Financial Data and Key Metrics Changes - Revenue for the first quarter of 2025 was $23.8 million, up from $20.2 million in the fourth quarter and $18.3 million in the prior year period, reflecting a 30% year-over-year growth [26][27] - Operating EBITDA increased to $12.3 million for the first quarter, compared to $10.7 million in the prior year period, primarily due to the NJR acquisition [28][29] - The company reported a GAAP net loss attributable to stockholders of $15.3 million [28] Business Line Data and Key Metrics Changes - The acquisition of rooftop assets from NJR positively impacted revenue and operating EBITDA, with the company owning and operating approximately 85,000 home solar assets and servicing around 60,000 residential solar systems [5][6] - Portfolio O&M expenses were $3.9 million in the first quarter, down from $5.3 million in the fourth quarter, indicating a sequential decline of over 25% [27] - SG&A expenses were $14.1 million in the first quarter, down from $15.5 million in the fourth quarter but up from $13.5 million in the prior year period [27] Market Data and Key Metrics Changes - The company is experiencing a cautious approach to new growth opportunities due to uncertainty in the market, which has affected cash burn and revenue collection timing [7][29] - The New Jersey market has deep liquidity in the SREC market, which is expected to continue supporting revenue generation [39] Company Strategy and Development Direction - The company aims to achieve positive free cash flow through growth in solar installations, prudent cost containment, and disciplined acquisition strategies [6][11] - Spruce Pro is identified as a key revenue driver, leveraging existing infrastructure to provide services to third-party owners of solar assets [15][16] - The company is focused on operational enhancements through strategic sourcing and better vendor management to improve efficiency and margin expansion [11][18] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate current market challenges, emphasizing the predictability of cash flows from existing solar assets [20][23] - The company is optimistic about achieving profitability and positive cash flow through reduced spending and operational efficiencies [31] - Management highlighted the unique position of Spruce Power as a third-party operator, which mitigates risks associated with aggressive customer acquisition strategies [23][44] Other Important Information - The company has approximately $96.5 million in total cash, with $61.9 million being unrestricted cash at the end of the first quarter [29] - The Board of Directors has approved the renewal of the company's share repurchase program [22] Q&A Session Summary Question: What is the scale of revenue opportunity for Spruce Pro and the lead times to build that business? - Management indicated that Spruce Pro is a capital-light endeavor with a deep pipeline of prospects and expects to make further announcements in the next quarter [35][36] Question: What does the refinancing environment look like for the FC1 loan? - Management expressed confidence in obtaining like-for-like terms for refinancing and is exploring more favorable credit options [38] Question: Why are SRECs for the SP Five acquisition so high compared to other assets? - Management explained that New Jersey has deep liquidity and high prices in the SREC market, which is expected to continue [39] Question: What drove the decision for the CFO transition? - Management noted that the CFO's decision to move to a private company aligns with her personal objectives, and they are actively searching for a replacement [40][41] Question: How durable is the business model compared to industry peers under the new administration? - Management highlighted that being a third-party operator allows them to mitigate risks associated with new installations and tax credits, maintaining a strong liquidity profile [43][44]

Fidelity National Information Services (FIS) FY Conference May 14, 2025 10:40 AM ET Speaker0 Alright. Thanks everyone. My name is Tien Tsin Huang. Payments and IT services analyst here at JPMorgan. So this is the FIS session, which with us from FIS, have James Kehoe, the CFO. Always enjoy talking to James. He brings a wealth of experience, and I know he was a CFO at at Walgreens Boots Alliance back in the day, and I've heard a lot of good stories from from James. And I think excited to be working with him n ...

GEN Restaurant Group (GENK) Q1 2025 Earnings Call May 13, 2025 05:00 PM ET Company Participants Thomas Croal - Chief Financial OfficerDavid Kim - Chairman & CEOWill Forsberg - Equity Research Associate Conference Call Participants Todd Brooks - Equity Research AnalystGeorge Kelly - Managing Director, Senior Research Analyst Operator Please also note today's event is being recorded. At this time, I would like to turn the floor over to Tom Kearl, the company's Chief Financial Officer. Sir, you may begin. Thom ...

GEN Restaurant Group (GENK) Q1 2025 Earnings Call May 13, 2025 05:00 PM ET Speaker0 Please also note today's event is being recorded. At this time, I would like to turn the floor over to Tom Kearl, the company's Chief Financial Officer. Sir, you may begin. Speaker1 Thank you, operator, and good afternoon. By now, everyone should have access to our first quarter twenty twenty five earnings release. If not, it can be found at www.jenkoreanbbq.com in the Investor Relations section. Before we begin our formal r ...

1Q 2025 total tons sold of approximately 1.1 million 1Q 2025 revenue of $65.6 million 1Q 2025 cash flow from operations of $8.7 millionYARDLEY, Pa., May 13, 2025 /PRNewswire/ -- Smart Sand, Inc. (NASDAQ: SND) (the "Company" or "Smart Sand"), a fully integrated frac and industrial sand supply and services company, a low-cost producer of high quality Northern White sand, a proppant logistics solutions provider through both its in-basin transloading terminals and SmartSystemsTM products and services, and a p ...

HOUSTON, May 13, 2025 (GLOBE NEWSWIRE) -- Intuitive Machines, Inc. (Nasdaq: LUNR, “Intuitive Machines,” or the “Company”), a leading space technology and infrastructure services company, today announced its financial results for the first quarter ended March 31, 2025. Intuitive Machines CEO Steve Altemus said, “We continue to emphasize execution as we see the administration rethinking how the federal government acquires emerging technologies and services, instigates private-sector innovation, and creates lo ...

FiscalNote Holdings (NOTE) Q1 2025 Earnings Call May 12, 2025 05:00 PM ET Company Participants Bob Burrows - Investor RelationsJosh Resnik - President & CEOJon Slabaugh - CFO & CIOJesse Sobelson - VP - Equity Research Conference Call Participants Glenn Mattson - AnalystMike Latimore - Managing Director & Senior Research AnalystZach Cummins - Senior Research Analyst Operator Evening. My name is Pam, and I will be your conference operator today. At this time, I would like to welcome everyone to the FiscalNote ...

Core Points - Constellation Software Inc. reported financial results for Q1 2025, with total revenue of $2,654 million, a 13% increase from $2,353 million in Q1 2024, primarily driven by acquisitions and a slight organic growth of 0.3% [4][7] - The company declared a dividend of $1.00 per share, payable on July 11, 2025, to shareholders of record as of June 20, 2025 [1] Financial Performance - Net income attributable to common shareholders for Q1 2025 was $115 million, up from $105 million in Q1 2024, translating to earnings per share of $5.44 compared to $4.95 [5][7] - Cash flows from operations (CFO) increased by 12% to $827 million from $737 million in the same period last year [6][7] - Free cash flow available to shareholders (FCFA2S) rose by 14% to $510 million from $446 million in Q1 2024 [6][7] Acquisitions and Investments - The company completed several acquisitions for a total cash consideration of $94 million, with deferred payments estimated at $39 million, leading to a total consideration of $133 million [7] - On January 31, 2025, Constellation acquired approximately 9.99% of Asseco Poland S.A. for $174 million, resulting in a gain of $157 million recorded in other comprehensive income [7] Balance Sheet Highlights - Total assets as of March 31, 2025, were $13,896 million, an increase from $12,857 million at the end of 2024 [13][14] - Current liabilities increased to $5,254 million from $4,667 million at the end of 2024, while total liabilities rose to $10,255 million from $9,569 million [14][14] Comprehensive Income - Total comprehensive income for Q1 2025 was $374 million, compared to $25 million in Q1 2024, with significant contributions from foreign currency translation and changes in the fair value of equity investments [18][20]

1Q-25 Earnings Presentation May 12, 2025 Forward-Looking / Cautionary Statements This presentation, including any oral statements made regarding the contents of this presentation, contains forward-looking statements as defined under Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, that address activities that Vital Energy, Inc. (together with its subsidiaries, the "Company", " ...