TORONTO, Aug. 7, 2025 /PRNewswire/ - Russel Metals Inc. (TSX: RUS) announces financial results for three months ended June 30, 2025.Revenues of $1.2 Billion - Up 3% from Q1 2025; Highest Level Since Mid-2022 EBITDA of $108 Million - Up 26% from Q1 2025EBITDA Margin of 9.0% - Up from 7.3% in Q1 2025EPS of $1.07 - Up 43% from Q1 2025Annualized Return on Capital of 20% - Up from 15% in Q1 2025$22 million of Share Buybacks and $24 million of DividendsStrong Capital Structure with Liquidity of $566 Million Th ...

Financial Performance - AMN Healthcare reported quarterly revenue of $658 million, an 11% decrease year-over-year and a 5% decrease sequentially [5][8] - The company experienced a net loss of $116.2 million, translating to a diluted loss per share of ($3.02) [5][13] - Adjusted diluted EPS was $0.30, down 69% from the same quarter last year [5][13] Segment Performance - Revenue from the Nurse and Allied Solutions segment was $382 million, a 14% decline year-over-year and an 8% decline from the previous quarter [6][38] - The Physician and Leadership Solutions segment reported revenue of $175 million, down 6% year-over-year and flat sequentially [7][38] - Technology and Workforce Solutions segment revenue was $102 million, a decrease of 9% year-over-year and flat sequentially [10][38] Operational Highlights - The company achieved a consolidated gross margin of 29.8%, which is 120 basis points lower year-over-year but improved by 110 basis points sequentially [11][38] - SG&A expenses were $155 million, representing 23.5% of revenue, an increase from 20.1% in the same quarter last year [12][38] - Cash flow from operations was strong at $79 million, allowing the company to reduce debt by $80 million, resulting in a net leverage ratio of 3.3:1 [8][14] Future Outlook - For Q3 2025, consolidated revenue is expected to be 9-11% lower than the prior year, with specific segment declines projected [17][18] - The company anticipates a gross margin between 28.7% and 29.2% for the upcoming quarter [17] - Labor disruption revenue assumed in guidance is $5 million [18] Strategic Developments - The sale of Smart Square for $75 million is part of the company's strategy to enhance its partnership with symplr [15][16] - AMN Passport, the company's app for healthcare professionals, surpassed 300,000 users, indicating growth in its technology-enabled services [8]

Core Insights - GEN Restaurant Group, Inc. reported a total revenue increase of 2.2% year-over-year to $55.0 million for Q2 2025, driven by the expansion of its restaurant count from 40 to 50 locations [6][7][23] - The company opened its first restaurant in South Korea and plans to exceed its target of 12 to 13 new restaurants by the end of 2025, with 7 additional locations currently under development [4][5][7] - Despite facing economic headwinds, including tariffs and immigration concerns, the company remains optimistic about its growth trajectory, supported by strong cash flow and a robust development pipeline [4][5] Financial Performance - The loss from operations for Q2 2025 was $1.9 million, representing 3.4% of revenue, compared to an income from operations of $1.6 million in Q2 2024 [7][10][28] - Restaurant-level adjusted EBITDA was $9.0 million, or 16.3% of revenue, for the quarter, showing an improvement from 15.6% in Q1 2025 [7][8][28] - General and administrative expenses increased to $6.4 million, or 11.6% of revenue, in Q2 2025, up from $5.1 million, or 9.4% of revenue, in Q2 2024 [9][10] Operational Highlights - The company has a total of 52 locations across eleven states and South Korea as of July 2025, with plans for further expansion [7][19] - Cash and cash equivalents stood at $9.6 million as of June 30, 2025, with no material long-term debt and full access to a $20 million line of credit [5][11][27] - The company paid its first dividend of $0.03 per share during the second quarter [7][11] Cost Structure - Total restaurant operating expenses as a percentage of revenue increased to 91.7% in Q2 2025 from 87.6% in Q2 2024, primarily due to higher costs associated with new restaurant openings [8][9] - Payroll and benefits decreased by 29 basis points compared to Q2 2024, indicating improved labor efficiencies [13][28] - Pre-opening expenses rose to $2.1 million in Q2 2025 from $1.6 million in Q2 2024, reflecting the company's aggressive expansion strategy [13][28]

Financial Performance & Strategic Focus - Southwest Gas Holdings (SWX) reported Q2 2025 net income of approximately $34 million, a 22% increase compared to Q2 2024, and year-to-date net income of approximately $177 million, an 8.1% increase compared to the same period in 2024[26] - SWX is committed to a pure-play, fully regulated natural gas business strategy through the disposition of its remaining interest in Centuri[22] - SWX expects 2025 Utility net income to fall within the $265 - $275 million guidance range[22] - The company is targeting 6% to 8% net income growth and 6% to 8% rate base growth from 2025-2029[22] Centuri Separation & Financing - Secondary offerings in Q2 2025 reduced SWX ownership in Centuri to approximately 52.1%[23] - Net proceeds of approximately $470 million from the Centuri secondary offerings were used to repay debt and strengthen the balance sheet[23] - SWX no longer expects to issue equity in 2025 due to proceeds from Centuri follow-on offerings[70] Regulatory & Operational Updates - Approximately 40,000 new meter sets were added during the last 12 months, leading to a 1.8% customer growth rate[26] - The company received approval to accelerate the return to Nevada customers of over-collected purchased gas costs, beginning July 1, 2025[26] - Great Basin successfully completed its binding open season, identifying potential incremental capacity of up to 1.76 billion cubic feet (Bcf)/day[26] - The potential incremental capital expenditure opportunity for the Great Basin expansion is approximately $1.2 - $1.6 billion[36]

Core Insights - The company reported a trailing 12-month utility return on equity (ROE) of 8.3% as of June 30, 2025, reflecting improvements in regulatory progress and cost management [6][29] - The Arizona Corporation Commission approved a capital tracker program, and Nevada enacted Senate Bill 417, allowing for alternative ratemaking for natural gas utilities, which is expected to enhance price stability and consumer protection [2][6] - The company successfully reduced its debt by over $470 million through follow-on offerings of Centuri Holdings, strengthening its balance sheet and moving towards a pure-play regulated natural gas business [2][6] Financial Performance - For the second quarter ended June 30, 2025, the company reported a net loss of $12.9 million, a decline of $31.2 million compared to the same period in 2024, primarily due to tax impacts from the sale of Centuri stock [8][9] - Adjusted net income for the second quarter was $38.6 million, representing a 71% increase compared to the same quarter in 2024 [8][29] - Year-to-date net income for 2025 was $100.987 million, a decrease of $5.1 million compared to the previous year, while adjusted net income was $37 million higher than the same period in 2024 [9][29] Operational Highlights - The company added approximately 40,000 new meter sets over the 12 months ending June 30, 2025, resulting in a customer growth rate of 1.8% [6] - The Great Basin Gas Transmission Company's 2028 Expansion Project saw increased capacity demand, rising to about 1.76 billion cubic feet per day from 1.25 billion cubic feet previously announced [3][6] - The company had $356 million in cash and over $1 billion in available liquidity as of June 30, 2025 [6] Segment Performance - The natural gas distribution segment contributed $33.677 million to net income in Q2 2025, up from $27.594 million in Q2 2024, while utility infrastructure services contributed $5.771 million [4][6] - Corporate and administrative net loss increased to $52.331 million in Q2 2025, impacted by tax expenses related to the Centuri stock sale [15][16] - Centuri's net loss improved by $17 million year-to-date, driven by higher work volume under master services agreements [13][16] Future Outlook - The company reaffirmed its 2025 net income guidance of $265 million to $275 million and capital expenditures of approximately $880 million to support customer growth and system improvements [17][19] - The company anticipates a compound annual growth rate (CAGR) of 6.0% to 8.0% for adjusted net income from 2025 to 2029 [19]

Financial Data and Key Metrics Changes - The total asset footprint increased by 5% year over year, reaching $986 billion [4] - Assets Under Management (AUM) grew by $11 billion or 9% compared to the prior year, totaling $141 billion [5] - Assets Under Administration (AUA) rose by $35 billion or 4% year over year, amounting to $845 billion [5] - Quarterly GAAP EPS was $1.28, with non-GAAP EPS at $1.31 based on adjusted net income of $72 million [6] - Fee-related earnings for the quarter increased by 31% compared to the prior year [6] Business Line Data and Key Metrics Changes - Total fee-earning AUM reached $74 billion, growing by $6.7 billion or 10% year over year [7] - Customized separate account fee-earning AUM grew by $2.1 billion or 5% over the last twelve months [10] - Specialized funds fee-earning AUM increased by $4.6 billion or 16% year over year, totaling $34 billion [11] - The blended fee rate improved to 64 basis points, benefiting from a shift towards higher fee rate specialized funds [9] Market Data and Key Metrics Changes - The evergreen platform AUM approached $12.5 billion, representing a growth of nearly 65% over the last twelve months [16] - Net inflows for the evergreen platform surpassed $1 billion for the first time in a quarter [16] Company Strategy and Development Direction - The company is focused on expanding strategic partnerships and enhancing distribution channels to meet diverse customer needs [31][33] - Continued emphasis on the evergreen platform as a key growth driver, with plans to launch new products targeting various investor segments [19][20] - The company aims to maintain a long-term growth perspective, viewing its investments alongside clients as crucial for future expansion [27] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the growth trajectory, citing strong performance across all business fronts [7][62] - The company anticipates increased exit activity in the second half of the year, contingent on a favorable macroeconomic environment [49] - Management highlighted the importance of educating clients on the tactical use of evergreen products as a portfolio management tool [56] Other Important Information - Management and advisory fees decreased by 4% year over year, primarily due to retro fees [21] - Total expenses decreased by $8 million compared to the prior year, with compensation and benefits down by $9 million [24] Q&A Session Summary Question: Insights on the DBS private banking relationship - Management described the relationship as an expansion of existing strategies, focusing on diverse distribution methods and technology integration [31][36] Question: Status of fund secondary fund six and marketing for fund seven - Management confirmed that fund six is more than halfway invested and that marketing for fund seven has not yet begun [38][39] Question: Drivers of growth in customized separate accounts - Management indicated that growth was driven by new sales, re-ups, and increased investment activity, with a strong pipeline of business [42][45] Question: Incentive fee trajectory and market conditions - Management noted that a positive macro backdrop could lead to increased exit opportunities and a rise in incentive fees in the latter half of the year [48][49] Question: Institutional demand for the Evergreen Fund - Management reported that approximately 15% of flows into the Evergreen product came from institutional investors, with the remainder from retail wealth [52][56] Question: Outlook for G&A expenses - Management expects G&A expenses to remain around $33 million per quarter, with some increases anticipated due to revenue-related expenses [58][59]

Financial Performance - Record adjusted earnings per share of $2.95 in Q2 2025, up 8% versus 2Q24, with segment margins of 23.9%, up 20 bps versus 2Q24[4] - Sales reached $7.028 billion in 2Q 2025, an 11% increase compared to $6.350 billion in 2Q 2024[23] - Adjusted earnings increased by 5% from $1.096 billion in 2Q 2024 to $1.155 billion in 2Q 2025[23] Growth and Orders - Organic growth of 8%, driven by 12% growth in Electrical Americas, 11% in Aerospace and 7% in Electrical Global[4] - Electrical Americas data center orders are up approximately 55% and revenue up approximately 50% versus 2Q24[5] - Order acceleration in Electrical Americas up 2% and strong Aerospace growth up 10% on a rolling 12-month basis[4] Segment Performance - Electrical Americas sales increased by 16% to $3.350 billion in 2Q 2025 from $2.877 billion in 2Q 2024[24] - Aerospace sales increased by 13% to $1.080 billion in 2Q 2025 from $955 million in 2Q 2024[29] - Vehicle segment sales decreased by 8% to $663 million in 2Q 2025 from $723 million in 2Q 2024[31] Guidance and Outlook - Raising 2025 guidance for organic growth, segment margin and adjusted EPS at the midpoint[6] - Full year 2025 adjusted earnings per share guidance is $11.97 - $12.17 and organic growth is 8.5% - 9.5%[39] - Full year 2025 free cash flow guidance is $3.7 billion - $4.1 billion and share repurchases are $2.0 billion - $2.4 billion[39]

Q2 2025 Financial Highlights - Revenue grew by 6.3%, with organic revenue growth of 5.5%[9] - Adjusted Net Income increased by 17.0%[9] - Adjusted EBITDA increased by 13.9%, leading to a 170 bps increase in Adjusted EBITDA margin[9] - Free Cash Flow generated was $364 million for the last twelve months ended June 30, 2025[9] Q2 2025 Revenue Breakdown - Industrial revenue increased by 7.6% (7.0% organic), reaching $338 million[21, 22] - Consumer revenue increased by 5.6% (4.7% organic), reaching $340 million[24, 25] - Software and Advisory revenue increased by 4.3% (3.2% organic), reaching $98 million[27, 28] Q2 2025 Profitability - Industrial Adjusted EBITDA increased by $20 million, with Adjusted EBITDA margin increasing by 370 bps to 34.6%[22, 21] - Consumer Adjusted EBITDA increased by $4 million, with Adjusted EBITDA margin increasing by 20 bps to 19.1%[25, 24] - Software and Advisory Adjusted EBITDA remained flat, with Adjusted EBITDA margin decreasing by 70 bps to 15.3%[28, 27] Full-Year 2025 Outlook - The company affirms its 2025 outlook, expecting mid-single-digit constant currency organic revenue growth[34, 36] - Adjusted EBITDA margin organic improvement is expected to be approximately 24%[36] - Capital expenditures are expected to be 7% to 8% of revenue[36]

Core Insights - BellRing Brands, Inc. reported strong third-quarter performance with net sales of $547.5 million, reflecting a 6.2% increase year-over-year, driven by a 3.5% increase in volume and a 2.7% increase in price/mix [4][5] - The company achieved record levels of household penetration and distribution, maintaining industry-leading loyalty metrics, particularly for its Premier Protein brand [3][5] - Adjusted EBITDA for the third quarter was $120.3 million, a slight increase of 0.7% compared to the previous year [14] Financial Performance - Net sales for the third quarter reached $547.5 million, up from $515.4 million in the prior year [37] - Gross profit was $193.6 million, representing 35.4% of net sales, an increase from 36.8% in the prior year [7][37] - Operating profit decreased significantly to $44.8 million, down 59.9% from $111.6 million in the prior year, primarily due to a $68.1 million provision for legal matters [11][37] Segment Performance - Premier Protein net sales increased by 6.0%, driven by a 3.5% volume growth and a 2.5% increase in price/mix [5] - Dymatize net sales grew by 5.4%, supported by a 5.1% increase in volume, attributed to higher international sales and new product introductions [6] Legal Matters - The company reached a settlement in principle for $90 million related to Joint Juice litigation, which is subject to judicial approval [24] Share Repurchase Activity - In the third quarter, BellRing repurchased 1.3 million shares for $83 million at an average price of $65.07 per share, with a total of 3.8 million shares repurchased for $265.6 million in the nine months ended June 30, 2025 [25] Outlook - The fiscal year 2025 net sales outlook has been narrowed to a range of $2.28 billion to $2.32 billion, with Adjusted EBITDA expected to be between $480 million and $490 million, indicating growth of 14%-16% and 9%-11% respectively over fiscal year 2024 [26]

August 1, 2025 Linde plc Investor Teleconference Presentation Second Quarter 2025 Forward-Looking Statement This document contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are identified by terms and phrases such as: anticipate, believe, intend, estimate, expect, continue, should, could, may, plan, project, predict, will, potential, forecast, and similar expressions. They are based on management's reasonable exp ...