Dubai, Nov. 25, 2025 (GLOBE NEWSWIRE) -- Vantage Drilling International Ltd. ("Vantage" or the “Company”) reported a net income attributable to shareholders of approximately $67.2 million or $4.97 per diluted share for the three months ended September 30, 2025, based on the weighted average shares outstanding, as compared to a net loss attributable to shareholders of approximately $10.6 million or $0.80 per diluted share for the three months ended September 30, 2024. As of September 30, 2025, Vantage had a ...

Third Quarter Ended September 30, 2025 Results November 20, 2025 FORWARD-LOOKING STATEMENTS & INFORMATION DISCLAIMER This presentation contains forward-looking statements and forward-looking information within the meaning of the Private Securities Litigation Reform Act of 1995 and other applicable securities laws. The words "expected'', "estimated", "scheduled", "could", "should", "anticipated", "long-term", "opportunities", "potential", "continue", "likely", "may", "will", "positioned", "possible", "believ ...

Financial Highlights - System-wide store sales reached $3.5 billion, an increase of 11%[8] - Net sales were $1.7 billion, up by 12%[8] - Adjusted EBITDA was $467 million, reflecting an increase of 11%[10] - Adjusted EPS was $1.59[12] Store Network Growth - Net store additions totaled 170[11] - System locations reached 2,180, an increase of 8%[13] Same Store Sales Growth - System-wide same store sales growth was 6.1%[9] FY2026 Guidance (Includes Breeze) - System-wide same store sales growth is projected to be between 4% and 6%[58] - Net revenues are expected to range from $2.0 billion to $2.1 billion[58] - Adjusted EBITDA is forecasted to be between $525 million and $550 million[58] Balance Sheet - Cash and cash equivalents totaled $51.6 million[53] - Total debt amounted to $1.074 billion[53] Cash Flow - Cash flows from operating activities were $307.1 million[55] - Capital expenditures totaled $259.2 million[55]

Core Insights - Clarus Corporation reported a year-over-year revenue increase of 3.3% in Q3 2025, with total sales reaching $69.3 million compared to $67.1 million in the same quarter of the previous year [4][10] - The Adventure segment experienced a significant sales growth of 16%, while the Outdoor segment saw a slight decline of 1% [4][10] - The company is focused on sustainable growth and profitability amidst macroeconomic challenges, including tariff policies and changing consumer behavior [3] Financial Performance - Total sales for Q3 2025 were $69.3 million, up from $67.1 million in Q3 2024 [4][10] - Outdoor segment sales decreased by 1% to $48.7 million, while Adventure segment sales increased by 16% to $20.7 million [4][10] - Gross margin improved slightly to 35.1% from 35.0% year-over-year, although adjusted gross margin decreased to 35.1% from 37.8% [10][7] Cost Management - Selling, general, and administrative expenses decreased to $26.2 million from $27.9 million in the same quarter last year, primarily due to lower employee-related expenses and cost reduction initiatives [8][10] - The net loss for Q3 2025 was $1.6 million, or $(0.04) per diluted share, an improvement from a net loss of $3.2 million, or $(0.08) per diluted share, in Q3 2024 [9][10] Strategic Initiatives - The company is prioritizing its best customers and most profitable products, particularly in the Outdoor segment, and is simplifying its organizational structure in the Adventure segment [3] - Clarus aims to unlock intrinsic value in its Outdoor and Adventure segments, believing there are significant growth opportunities in the Americas and Europe [3] Cash Flow and Liquidity - Net cash used in operating activities for Q3 2025 was $5.7 million, an improvement from $8.3 million in the prior year [13] - Cash and cash equivalents totaled $29.5 million as of September 30, 2025, down from $45.4 million at the end of 2024 [18]

Park-Ohio Holdings Corp. Third Quarter 2025 Earnings Call Presentation November 6, 2025 Forward-Looking Statements and Non-GAAP Measures These slides contain forward-looking statements, including statements regarding future performance of the Company, that are subject to known and unknown risks, uncertainties and other factors that may cause our actual results, performance and achievements, or industry results, to be materially different from any future results, performance or achievements expressed or impl ...

NASDAQ CCOI INVESTOR PRESENTATION Cautionary Note Regarding Forward-Looking Statements This presentation includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which relate to future, not past, events and are subject to risks and uncertainties. The forward-looking statements, which address the Company's expected business and financial performance, among other matters, contain words such as: "will", "expect", "believe", "continue ", "optimistic", "shou ...

Core Insights - Lesaka Technologies, Inc. reported its Q1 2026 financial results, showing significant growth in various metrics compared to Q1 2025 [1][2]. Financial Performance - Revenue reached $171.5 million (ZAR 3.0 billion), an increase of 10% in ZAR [8]. - Net Revenue was $86.6 million (ZAR 1.5 billion), up 45% in ZAR [8]. - Operating Income improved to $0.4 million (ZAR 6.7 million) from a loss of $0.1 million (ZAR 0.3 million) [8]. - Net Loss was $4.3 million (ZAR 75.9 million), a 6% improvement in ZAR [8]. - Group Adjusted EBITDA was $15.3 million (ZAR 270.6 million), up 61% in ZAR [8]. - Basic loss per share improved to $0.05 (ZAR 0.93), a 26% improvement in ZAR [8]. - Adjusted earnings were $5.0 million (ZAR 87.3 million), up 150% in ZAR [8]. - Adjusted earnings per share increased to $0.06 (ZAR 1.07), up 97% in ZAR [8]. Segment Performance - Merchant Segment Revenue was $127.0 million (ZAR 2.2 billion), with Net Revenue of $44.4 million (ZAR 782.8 million), up 43% in ZAR [8]. - Consumer Segment Revenue reached $30.6 million (ZAR 539.0 million), also up 43% in ZAR [8]. - Enterprise Segment Revenue was $14.9 million (ZAR 261.9 million), with Net Revenue of $12.6 million (ZAR 221.6 million), up 19% in ZAR [8]. Guidance and Outlook - For Q2 FY2026, the company expects Net Revenue between ZAR 1.575 billion and ZAR 1.725 billion [9]. - Full Fiscal Year 2026 guidance includes Net Revenue between ZAR 6.4 billion and ZAR 6.9 billion, with Group Adjusted EBITDA between ZAR 1.25 billion and ZAR 1.45 billion [9]. - The company anticipates positive Net Income Attributable to Lesaka and Adjusted earnings per share of at least ZAR 4.60, implying a year-on-year growth of greater than 100% [9]. Company Overview - Lesaka Technologies operates as a South African fintech company, providing financial services and software to underserved consumers and merchants in Southern Africa [22][23]. - The company offers a multiproduct platform that includes transactional accounts, lending, insurance, and merchant acquiring services [22].

Core Insights - American Coastal Insurance Corporation reported strong financial results for Q3 2025, with net income increasing to $32.5 million, or $0.65 per diluted share, compared to $28.1 million, or $0.57 per diluted share in Q3 2024, reflecting a year-over-year growth of 15.5% [19][20][41] - The company achieved a total revenue of $90.4 million for Q3 2025, up 10.1% from $82.1 million in Q3 2024, driven by increased gross premiums earned and decreased ceded premiums [19][20][41] - The underlying combined ratio improved to 57.8% for Q3 2025, outperforming the target combined ratio of 65%, indicating effective underwriting results [6][12][41] Financial Performance - Gross premiums written decreased by $21.2 million, or 22.8%, to $71.8 million in Q3 2025 from $93.0 million in Q3 2024 [20][21] - Gross premiums earned increased by $2.6 million, or 1.6%, to $162.8 million in Q3 2025 from $160.2 million in Q3 2024 [20][21] - Net premiums earned rose by $6.3 million, or 8.5%, to $80.8 million in Q3 2025 compared to $74.5 million in Q3 2024 [20][21] Expense Analysis - Policy acquisition costs increased by $4.5 million, or 21.5%, to $25.4 million in Q3 2025, primarily due to higher external management fees [22][41] - General and administrative expenses rose by $1.0 million, or 9.7%, to $11.3 million in Q3 2025, driven by increased salary-related expenses [23][41] - Loss and loss adjustment expenses decreased by $2.6 million, or 22.0%, to $9.2 million in Q3 2025, resulting in a loss ratio of 11.4% compared to 15.8% in Q3 2024 [20][21][41] Investment and Book Value - The company's cash and investment holdings increased from $540.8 million at the end of 2024 to $695.0 million by September 30, 2025, reflecting strong cash flows from operations [26][41] - Book value per common share rose by 37.2% from $4.89 at December 31, 2024, to $6.71 at September 30, 2025, driven by retained earnings from net income [27][28][41] Market Position and Strategy - The company maintains a competitive advantage with an underlying combined ratio of 57.8% for Q3 2025, indicating effective risk management and underwriting practices [6][12][41] - American Coastal is strategically positioned to deliver superior risk-adjusted returns throughout the market cycle, focusing on long-term value creation for stakeholders [6][41]

Financial Data and Key Metrics Changes - The company generated $0.37 per share of net investment income on a GAAP basis and $0.38 after adjusting for asset acquisition accounting [6][11] - The net asset value as of September 30 was $16.36 per share, a slight decrease from $16.43 per share as of June 30 [6][7] - Total investment income for the third quarter was $67 million, consistent with the prior quarter [10] - Total expenses increased slightly to $40 million, primarily due to higher interest expenses [11] Business Line Data and Key Metrics Changes - CGBD funded $260 million of investments into new and existing borrowers, resulting in net investment activity of $117 million after accounting for repayments [7] - Total investments increased from $2.3 billion to $2.4 billion during the quarter [7] - The average exposure to any single portfolio company was less than 1% of total investments, with 95% of investments in senior secured loans [9] Market Data and Key Metrics Changes - Year-over-year deal flow at the top of the funnel increased nearly 30% over the last two months [7] - The weighted average spread for the third quarter was slightly over 500 basis points, down from previous quarters [33] Company Strategy and Development Direction - The company remains focused on providing first lien loans to quality companies and maintaining a diversified portfolio [9][30] - The strategy emphasizes defensive positioning in a tight spread environment, with a continued trend towards first lien debt [30] - The company is building out the Carlyle Direct Lending team to enhance origination capabilities [15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the credit quality of the portfolio, noting below-average non-accruals compared to the public BDC average [9] - The company anticipates earnings will trough in the next couple of quarters, with a gradual recovery expected in the second half of 2026 into 2027 [53][55] - Management highlighted the potential for increased deal flow and activity supported by declining base rates and resilient economic growth expectations [8][15] Other Important Information - The board declared a fourth-quarter dividend of $0.40 per share, representing an attractive yield of over 12% based on recent share price [11] - The company has $0.86 per share of spillover income generated over the last five years to support the quarterly dividend [11] Q&A Session Summary Question: Can you provide a bridge on the top line this quarter? - The top line remained at $67 million, with a modest decline primarily due to OID accretion on repaid investments [20] Question: Was the 10 basis points change in borrowing spreads due to the baby bond or other factors? - The change was primarily due to post-quarter end items, including the repayment of the legacy CSL3 facility and the issuance of a new institutional deal [22] Question: Can you elaborate on the $0.40 dividend declaration? - Management is comfortable with the $0.40 dividend in the near term, anticipating earnings to trough in the next couple of quarters [24] Question: Will the concentration of first lien debt continue to increase? - The company does not see compelling opportunities in second liens and expects the portfolio to continue trending towards first lien debt [30] Question: What is the quality of the pipeline in terms of yields and terms? - The pipeline consists of high-quality borrowers, with loan-to-value ratios typically around 38-42%, indicating significant coverage [50] Question: How do the potential second JV and existing JV impact earnings power? - The JVs are expected to take time to scale up and will not have a near-term impact on earnings power [53]

Financial Performance & Guidance - Southwest Gas Holdings (SWX) expects 2025 Utility net income toward the top end of the $265 - $275 million guidance range[19] - The Utility is targeting 60% to 80% net income growth and 60% to 80% rate base growth from 2025-2029[19] - Q3 2025 net income was approximately $55 million, a significant improvement over Q3 2024, and year-to-date net income reached $1821 million, an 111% increase compared to the same period in 2024[26] - Capital expenditure for 2025 is projected to be around $880 million, supporting customer growth, system improvements, and pipe replacement programs[73] - The company reaffirms its forward-looking guidance for 2025-2029, with a capital expenditure plan of $43 billion[74] Strategic Initiatives & Regulatory Updates - SWX completed the full separation of Centuri (CTRI), generating approximately $135 billion of total net sales proceeds[19, 23] - The company expects no near-term equity needs through the end of 2025 and finished the quarter with approximately $779 million in consolidated cash and nearly $15 billion in available liquidity[27] - Great Basin is pursuing a potential expansion project in 2028, which could add up to approximately 176 BCF/day of incremental capacity, with a potential capital expenditure of approximately $12 billion - $16 billion[34] - The company anticipates rate case filings in the first half of 2026, requesting alternative forms of rate making in Arizona (AZ) and Nevada (NV)[26] Regulatory Outcomes - The Arizona Corporation Commission (ACC) approved an increase in rates effective in March 2025, resulting in an approximately $802 million revenue increase[108] - The Public Utilities Commission of Nevada authorized an approximately $59 million revenue increase, with rates effective in April 2024[117] - The Federal Energy Regulatory Commission (FERC) approved an increase in rates for Great Basin Gas Transmission Company (GBGTC) effective March 3, 2025, estimating an annual margin increase of approximately $96 million[120, 124]