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Ferrellgas Partners, L.P. Reports Third Quarter Fiscal Year 2025 Results
Globenewswire· 2025-06-06 10:30
Core Viewpoint - Ferrellgas Partners, L.P. reported strong financial performance for the third fiscal quarter of 2025, with notable growth in sales, gross profit, and net earnings, driven by favorable market conditions and operational efficiencies [2][3][5]. Financial Highlights - Revenue increased by 9% year-over-year, reaching $560.8 million, with retail and wholesale sales growing by 9% and 8% respectively [3][22]. - Gross profit rose by $16.9 million, or 6%, to $289.2 million, influenced by a $45.1 million increase in revenues, partially offset by a $28.1 million rise in cost of products [4][22]. - Net earnings attributable to Ferrellgas Partners, L.P. were $59.1 million, up from $52.8 million in the prior year, reflecting a $6.3 million increase primarily due to higher gross profit [5][22]. Operational Highlights - Propane sales volumes increased by 13.4 million gallons, or 6%, compared to the prior year, with residential sales volume growing by 12% [9][10]. - The company gained six new national account customers through a three-year deal, expected to add 1.6 million gallons of new business [13]. - Blue Rhino, the tank exchange business, is preparing for the peak summer selling season, with capital projects underway to enhance efficiency [12]. Cost and Expense Analysis - Operating expenses increased by $8.8 million, driven by higher costs in plant operations, personnel, and vehicle expenses [6][22]. - Interest expense rose by $3.5 million, primarily due to debt issuance costs and lease-related charges [7][22]. Adjusted EBITDA - Adjusted EBITDA increased by $10.8 million, or 10%, to $114.8 million, supported by the rise in gross profit and a decrease in general and administrative expenses [8][24]. Debt Refinancing - The company is actively working on refinancing its $308.8 million revolving credit facility and $650.0 million senior unsecured notes, with completion anticipated before maturity [16].
Century Communities Recognized as One of Newsweek's Most Trustworthy Homebuilders for Third Year Running
Prnewswire· 2025-04-24 18:28
GREENWOOD VILLAGE, Colo., April 24, 2025 /PRNewswire/ -- Century Communities, Inc. (NYSE: CCS), one of the nation's largest homebuilders and an industry leader in online home sales, has been recognized as one of the highest-ranked homebuilders on Newsweek's list of America's Most Trustworthy Companies for the third consecutive year. This prestigious list, presented by Newsweek in collaboration with Statista—a leading statistics portal and industry ranking provider—is now available on Newsweek's website. ...
Docusign tops Newsweek's list of the Most Trustworthy Software and Telecommunications Companies in America 2025
Prnewswire· 2025-04-14 17:58
Group 1 - Docusign has been recognized as the 1 Most Trustworthy Software and Telecommunications company in Newsweek's Most Trustworthy Companies in America for the second consecutive year, with nearly 1.7 million global customers relying on its services [1][2] - The award reflects Docusign's commitment to trust and security in its product development, particularly in its Intelligent Agreement Management (IAM) platform, emphasizing the company's focus on delivering value with security and user confidence [2][5] - The Most Trustworthy Companies in America 2025 list was created using a methodology that included evaluations from 25,000 U.S. residents on trust pillars and social listening analysis of company mentions across the internet [3][7] Group 2 - Docusign serves over 1 billion people in more than 180 countries, providing solutions that streamline business processes and enhance efficiency [5] - The company specializes in e-signature and contract lifecycle management (CLM), helping businesses manage critical agreements effectively [5]