Core Insights - Jones Lang LaSalle Incorporated (JLL) reported second-quarter 2025 adjusted earnings per share (EPS) of $3.3, exceeding the Zacks Consensus Estimate of $3.2 and up from $2.55 in the prior-year quarter [1][9] - Total revenues reached $6.25 billion, surpassing the Zacks Consensus Estimate of $6.11 billion and reflecting an 11% increase year-over-year [2][9] Revenue Performance - The company's revenue growth was driven by strong performance in Workplace Management and Project Management, alongside growth in transaction-based businesses such as Investment Sales and Debt/Equity Advisory [2] - Real Estate Management Service segment revenues were $4.89 billion, a 12% year-over-year increase, primarily due to strong Workplace Management performance and new contracts in the U.S. and Asia Pacific [3] - Leasing Advisory segment revenues increased to $676.8 million, up 5.4% year-over-year, with significant growth in the U.S. industrial sector [4] - Capital Market Services segment revenues rose 13.7% year-over-year to $520.3 million, driven by debt advisory and investment sales, with notable contributions from the residential sector [5] - Investment Management segment revenues slightly increased to $103.1 million, attributed to higher incentive and advisory fees, although AUM decreased to $84.9 billion from $86.6 billion year-over-year [6] - Software and Technology Solutions segment revenues decreased by 1% to $55.9 million due to reduced technology spending from large clients [7] Financial Position - JLL ended Q2 2025 with cash and cash equivalents of $401.4 million, down from $432.4 million at the end of Q1 2025 [8] - The net leverage ratio improved to 1.2 from 1.4 as of March 31, 2025, while corporate liquidity increased to $3.32 billion from $3.31 billion [10]

Core Insights - SM Energy Company reported second-quarter 2025 adjusted earnings of $1.50 per share, exceeding the Zacks Consensus Estimate of $1.23, but down from $1.85 in the same quarter last year [1][7] - Total quarterly revenues reached $793 million, surpassing the Zacks Consensus Estimate of $780 million and increasing from $635 million year-over-year [1] Operational Performance - Production volume for the second quarter was 209.1 thousand barrels of oil equivalent per day (MBoe/d), a 32% increase from 158.5 MBoe/d in the previous year, exceeding the Zacks Consensus Estimate of 204 MBoe/d [2][7] - Oil production rose approximately 59% year-over-year to 115.7 thousand barrels per day (MBbls/d), surpassing the Zacks Consensus Estimate of 109 MBbls/d [2] Natural Gas Production - The company produced 398.3 million cubic feet per day of natural gas, reflecting a 13% year-over-year increase [3] - Natural gas liquids production totaled 26.9 MBbls/d, which is a 1% improvement from the previous year [3] Realized Prices - The average realized price per Boe was $41.27, down from $43.92 in the year-ago quarter [4] - The average realized oil price decreased by 23% to $62.04 per barrel, while the average realized price of natural gas improved by 54% to $2.15 per thousand cubic feet [4] Costs & Expenses - Unit lease operating expenses increased by 15% year-over-year to $5.52 per Boe, while general and administrative expenses rose 2% to $2.21 per Boe [5] - Transportation expenses surged 113% to $4.13 per Boe, with total hydrocarbon production expenses amounting to $224 million compared to $136.6 million in the previous year [5] Capital Expenditures - Capital expenditures for the quarter totaled $410.2 million, with adjusted free cash flow of $113.9 million [6] Balance Sheet - As of June 30, 2025, SM Energy had cash and cash equivalents of $101.9 million and a net debt of $2.63 billion [8] Guidance - For Q3 2025, production is expected to range between 209-215 MBoe/d, with oil contributing 53-54% [9] - Full-year 2025 production is anticipated to remain in the range of 200-215 MBoe/d, implying a year-over-year increase of approximately 22% [10]

Key Takeaways FirstEnergy (FE) reported second-quarter 2025 operating earnings of 52 cents per share, which beat the Zacks Consensus Estimate of 50 cents by 4%. In the year-ago quarter, the company reported earnings of 51 cents per share. The year-over-year increase in core earnings was due to the impact of new base rates in Pennsylvania and growth in transmission rate base under formula rate programs. These drivers were partially offset by milder temperatures throughout the second quarter of 2025 as compar ...

Core Insights - Sanmina Corporation (SANM) reported strong third-quarter fiscal 2025 results, with both revenue and net income exceeding the Zacks Consensus Estimate [1][2][3] Financial Performance - Net income on a GAAP basis was $68.6 million or $1.26 per share, up from $51.6 million or 91 cents per share in the prior-year quarter [2] - Non-GAAP net income was $83.6 million or $1.53 per share, compared to $70.8 million or $1.25 in the prior-year quarter, surpassing the Zacks Consensus Estimate of $1.42 [2] - Net sales increased to $2.04 billion from $1.84 billion year over year, beating the consensus estimate by $67 million [3] Segment Performance - Integrated Manufacturing Solutions generated $1.64 billion in revenues, an 11.6% increase year over year, contributing 80.7% to total revenues [4] - Components, Products and Services revenues rose to $422 million, up 8.8% year over year [4] - Industrial & Energy, Medical, Defense & Aerospace, and Automotive markets generated $1.256 billion in revenues, a 6.2% increase year over year [5] - Communications Networks and Cloud Infrastructure generated $786 million, up 19.2% year over year [5] Profitability Metrics - Non-GAAP gross profit was $186 million, compared to $157 million in the year-ago quarter, driven by a favorable mix and improved operational efficiency [6] - Non-GAAP operating income totaled $115.7 million, up from $96.8 million in the prior-year period, with a non-GAAP operating margin of 5.7%, slightly up from 5.3% [6] Cash Flow and Liquidity - Generated $200.8 million of net cash from operating activities, compared to $90 million in the previous year's quarter [7] - As of June 28, 2025, the company had $797.9 million in cash and cash equivalents and $287.2 million in long-term debt [7] - The company repurchased approximately 0.2 million shares for about $13 million during the quarter [7] Outlook - For the fourth quarter of fiscal 2025, revenues are expected to be in the range of $2-$2.1 billion, with GAAP earnings per share forecasted between $1.21 and $1.31 [10] - Management estimates non-GAAP earnings per share in the band of $1.52-$1.62 [10]

Core Insights - AAR Corp. reported fourth-quarter fiscal 2025 adjusted earnings of $1.16 per share, exceeding the Zacks Consensus Estimate of $1.00 by 16% and improving 31.8% from the previous year's 88 cents per share [1][7] - The company achieved fiscal 2025 adjusted earnings of $3.91 per share, up from $3.33 in the prior year, driven by improved operating efficiency and surpassing the Zacks Consensus Estimate of $3.75 per share [2] Financial Performance - AAR generated net sales of $754.5 million in the fourth quarter, exceeding the Zacks Consensus Estimate of $691 million by 9.2% and increasing 14.9% from $656.5 million in the same quarter last year [3][7] - Total revenues for fiscal 2025 reached $2.78 billion, up from $2.32 billion in fiscal 2024, and also surpassed the Zacks Consensus Estimate of $2.72 billion [3] Segment Performance - In the fourth quarter, the Parts Supply segment reported sales of $305.5 million, a 17.4% increase year over year [4] - Repair & Engineering sales were $222.6 million, up 2.9% from the prior year [4] - Integrated Solutions sales reached $200.1 million, a 22.4% increase from the previous year [4] - Expeditionary Services recorded sales of $26.3 million, up 61.3% year over year [4] Operational Efficiency - AAR's adjusted operating margin improved from 9.3% to 10.5%, attributed to strong growth and a favorable mix in the Parts Supply segment [5][7] - Selling, general and administrative expenses decreased to $77.4 million from $94.8 million a year ago [5] - Net interest expenses for the quarter were $18.4 million, slightly down from $18.7 million in the prior year [5] Cash and Debt Position - As of May 31, 2025, AAR's cash and cash equivalents were $96.5 million, up from $85.8 million a year earlier [6] - The company's long-term debt decreased to $968 million from $985.4 million as of May 31, 2024 [6] Cash Flow - In fiscal 2025, net cash provided from operating activities was $36.1 million, compared to $43.6 million in the previous year [8]

Core Insights - NRG Energy, Inc. reported first-quarter 2025 earnings of $2.62 per share, exceeding the Zacks Consensus Estimate of $1.80 by 45.6% and significantly up from 80 cents in the same quarter last year [1] - Total revenues reached $8.59 billion, surpassing the Zacks Consensus Estimate of $2.89 billion by 196.4% and increasing 15.5% from $7.43 billion in the prior-year quarter [1] Financial Performance - Adjusted EBITDA for the first quarter was $1.13 billion, a 29.4% increase from $0.87 billion a year ago [2] - Total operating costs and expenses were $7.44 billion, up 13.6% from $6.55 billion in the year-ago quarter [2] - Operating income totaled $1.13 billion compared to $0.87 billion in the year-ago quarter [2] Shareholder Returns - As of April 30, 2025, the company returned $532 million to shareholders through $445 million in share repurchases and $87 million in common stock dividends [3] - For 2025, NRG plans to return approximately $1.3 billion through share repurchases and common stock dividends of around $345 million [3] Balance Sheet and Cash Flow - As of March 31, 2025, cash and cash equivalents were $693 million, down from $966 million as of December 31, 2024 [4] - Long-term debt and finance leases amounted to $9.81 billion, remaining flat sequentially [4] - Cash provided by operating activities in the first three months of 2025 totaled $855 million, compared to $267 million in the year-ago quarter [4] - Capital expenditures were $217 million, up from $69 million in the year-ago quarter [4] Guidance - NRG Energy expects 2025 adjusted net income and adjusted EPS to be in the range of $1.33-$1.53 billion and $6.75-$7.75, respectively [5] - Free Cash Flow before Growth is estimated to be in the range of $1.975-$2.225 billion [5] - The company anticipates adjusted EBITDA to be in the range of $3.725-$3.975 billion [5]

Labcorp Holdings (LH) reported adjusted earnings per share (EPS) of $3.84 in the first quarter of 2025. The figure rose 4.3% from the year-ago reported level.The adjusted figure excludes the impacts of certain amortization expenses and restructuring charges, among others. The bottom line beat the Zacks Consensus Estimate by 2.9%. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)On a GAAP basis, EPS in the first quarter was $2.52 compared with $2.69 in the year-ago period.LH Q1 Revenu ...