Q1 2025 financial results

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Black Diamond Reports Robust First Quarter 2025 Results and Declares Dividend
Globenewswire· 2025-05-01 20:30
Core Insights - Black Diamond Group Limited reported a profit of $5.8 million for Q1 2025, marking a 287% increase from Q1 2024, with basic earnings per share rising 400% to $0.10 [2][12] - Consolidated rental revenue reached $37.8 million, an 8% increase year-over-year, while contracted future rental revenue grew by 18% to $161.6 million [2][12] - Adjusted EBITDA for the quarter was $26.5 million, up 37% from the previous year, indicating strong operational performance [2][12] Financial Performance - Total revenue for Q1 2025 was $102.2 million, a 39% increase from $73.6 million in Q1 2024 [12] - Gross profit increased by 24% to $44.3 million, with a gross profit margin of 43.3% [12][38] - Funds from Operations rose 37% to $26.5 million, while Free Cashflow surged 80% to $16.9 million [2][12][36] Segment Performance - Modular Space Solutions (MSS) generated record rental revenue of $25.5 million, a 19% increase from the previous year, driven by higher rental rates and increased units for rent [2][3] - Workforce Solutions (WFS) revenue increased by 45% to $52.9 million, supported by significant growth in sales and lodge services [2][4] - LodgeLink sold 123,570 room nights, a 7% increase, with net revenue rising 4% to $2.7 million [5] Capital and Debt Management - Total capital expenditures for the quarter were $17.2 million, with long-term debt decreasing by 3% to $229.3 million [2][12] - The company’s net debt to trailing twelve months Adjusted Leverage EBITDA ratio stood at 1.8x, below the target range of 2.0x to 3.0x [2][12] Strategic Outlook - The MSS segment is expected to continue its growth trajectory, with contracted future rental revenue increasing by 20% to $122.5 million [3] - Management remains confident in the company's ability to generate shareholder returns despite macroeconomic uncertainties [7] - The ongoing ERP upgrade project is on track and budget, with an expected go-live in the first half of 2026 [6]
Spirit AeroSystems Reports First Quarter 2025 Results
Prnewswire· 2025-05-01 20:20
Core Viewpoint - Spirit AeroSystems reported a decline in revenue and operating loss in the first quarter of 2025, primarily due to reduced production activity on Boeing programs, particularly the Boeing 737, although there was an increase in Airbus program activity [2][4][10]. Financial Performance - Revenue for the first quarter of 2025 was $1.522 billion, down 11% from $1.703 billion in the same period of 2024 [24]. - The operating loss improved to $487 million from $528 million year-over-year, with an operating loss margin of 32.0% compared to 31.0% in 2024 [24]. - Net loss was $613 million, slightly improved from $617 million in the previous year, resulting in a net loss per share of $(5.21) compared to $(5.31) [10][24]. Cash Flow and Liquidity - Cash used in operations was $420 million, a slight increase from $416 million in the prior year, while free cash flow usage was $474 million compared to $444 million [25][30]. - The cash balance at the end of the first quarter of 2025 was $220 million, down from $537 million at the end of 2024 [25][31]. Segment Performance - Commercial segment revenue decreased by 14.3% to $1.162 billion, primarily due to lower production activity on Boeing programs [26]. - Defense & Space segment revenue increased by 4.1% to $261 million, driven by higher activity on the Boeing P-8 and Sikorsky CH-53K programs [26]. - Aftermarket segment revenue increased slightly to $99.2 million, although operating margin decreased due to sales mix [26][17]. Backlog and Deliveries - Spirit's backlog at the end of the first quarter of 2025 was approximately $48 billion, encompassing work packages on all commercial platforms for Airbus and Boeing [3]. - Total deliveries increased to 429 shipsets in the first quarter of 2025, up from 307 in the same period of 2024, with significant increases in Boeing 737 deliveries [26]. Strategic Developments - The company is in the process of a merger with Boeing, expected to close in the third quarter of 2025, subject to regulatory approvals and other conditions [13]. - Spirit has also entered into a definitive agreement with Airbus for the divestiture of certain assets for $439 million, expected to close concurrently with the Boeing acquisition [14].
Ready Capital Corporation Announces First Quarter 2025 Results and Webcast Call
Globenewswire· 2025-05-01 20:15
NEW YORK, May 01, 2025 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE: RC) (the “Company”) today announced that the Company will release its first quarter 2025 financial results after the New York Stock Exchange closes on Thursday, May 8, 2025. Management will host a webcast and conference call on Friday, May 9, 2025 at 8:30 a.m. Eastern Time to provide a general business update and discuss the financial results for the quarter ended March 31, 2025. Webcast:The Company encourages use of the webcast du ...
Runway Growth Finance Corp. Reschedules Release of First Quarter 2025 Financial Results and Conference Call
Globenewswire· 2025-05-01 20:15
MENLO PARK, Calif., May 01, 2025 (GLOBE NEWSWIRE) -- Runway Growth Finance Corp. (Nasdaq: RWAY) (“Runway Growth”), a leading provider of flexible capital solutions to late- and growth-stage companies seeking an alternative to raising equity, today announced that it has rescheduled its previously announced release of first quarter 2025 financial results to after market close on Monday, May 12, 2025. Runway Growth will now host a conference call and simultaneous webcast to discuss its first quarter 2025 finan ...
SenesTech to Report First Quarter 2025 Financial Results on Thursday, May 8, 2025
Prnewswire· 2025-05-01 20:15
Financial results to be released after market close; Conference call to be conducted at 5:00 p.m. Eastern timePHOENIX, May 1, 2025 /PRNewswire/ -- SenesTech, Inc. (NASDAQ: SNES) will report first quarter 2025 financial results for the period ended March 31, 2025, after the market close on Thursday, May 8, 2025. The Company has scheduled a conference call that same day, Thursday, May 8, 2025, at 5:00 p.m. Eastern time, to review the results.First Quarter 2025 Conference Call DetailsDate and Time: Thursday, M ...
Wag! To Report First Quarter 2025 Financial Results on May 12, 2025
Globenewswire· 2025-05-01 20:05
SAN FRANCISCO, May 01, 2025 (GLOBE NEWSWIRE) -- Wag! Group Co., (the “Company” or “Wag!”, Nasdaq: PET), which strives to be the number one platform to solve the service, product, and wellness needs of the modern U.S. pet household, today announced that it will report first quarter 2025 financial results before market open on Monday, May 12, 2025. The Company will host a conference call at 8:30 a.m. Eastern Time to discuss the financial results. Investors and analysts interested in participating in the call ...
El Pollo Loco Holdings, Inc. Announces First Quarter 2025 Financial Results
Globenewswire· 2025-05-01 20:05
Core Insights - El Pollo Loco Holdings, Inc. reported financial results for the first quarter of 2025, indicating challenges in sales and store-level profit despite some positive developments in brand initiatives [4][8]. Financial Performance - Company-operated restaurant revenue increased to $98.4 million in Q1 2025, up from $97.2 million in Q1 2024, driven by a 0.6% rise in comparable restaurant revenue and additional sales from two new restaurant openings [5]. - Franchise revenue rose by 16.2% to $13.2 million, primarily due to IT pass-through revenue from a new Point of Sale system and four new franchise-operated restaurant openings [6]. - Total revenue for the first quarter was $119.2 million, compared to $116.2 million in the previous year [8]. - Net income was $5.5 million, or $0.19 per diluted share, down from $5.9 million, also $0.19 per diluted share, in Q1 2024 [10]. Operational Metrics - System-wide comparable restaurant sales decreased by 0.6% [8]. - Restaurant contribution was $15.8 million, representing 16.0% of company-operated restaurant revenue, down from 17.6% in the previous year, largely due to increased labor costs from a minimum wage hike in California [7][8]. - Adjusted EBITDA for the quarter was $13.9 million, compared to $15.7 million in Q1 2024 [8]. Cost Structure - General and administrative expenses decreased to $11.3 million from $11.9 million, attributed to lower restructuring costs and a legal settlement [9]. - Labor and related expenses increased to $32.2 million, accounting for 32.7% of total revenue, compared to 31.5% in the previous year [34]. Future Outlook - The company plans to open 10 to 11 new restaurants in 2025, with capital spending projected between $30 million and $34 million [15]. - The estimated effective income tax rate for 2025 is expected to be between 29.0% and 29.5% [15].
LeMaitre Q1 2025 Financial Results
Globenewswire· 2025-05-01 20:05
Core Viewpoint - LeMaitre Vascular, Inc. reported strong Q1 2025 results with significant sales growth driven by grafts and carotid shunts, and provided an optimistic sales guidance for the year ahead [1][5]. Financial Performance - Q1 2025 net sales reached $59.9 million, reflecting a 12% increase compared to Q1 2024, with organic growth at 13% [10][21]. - Gross margin improved to 69.2%, up from 68.6% in Q1 2024, attributed to higher average selling prices and manufacturing efficiencies [3][10]. - Operating income was $12.6 million, a 6% increase year-over-year, while operating expenses grew by 16% primarily due to personnel costs [3][10]. - Net income for Q1 2025 was $11.0 million, compared to $9.9 million in Q1 2024, with diluted earnings per share at $0.48, up 10% [21][22]. Sales Growth Drivers - Sales growth was driven by a 17% increase in grafts and a 14% increase in carotid shunts, with regional sales growth of 18% in EMEA, 11% in the Americas, and 3% in APAC [3][10]. - Artegraft, the largest U.S. product, generated $37 million in sales in 2024 and received its MDR CE Mark on April 29, 2025, with a European launch imminent [4]. Guidance and Strategic Initiatives - The company raised its 2025 sales guidance to $245 million, with an organic growth forecast of 13%, up from previous guidance of $239 million and 10% organic growth [5]. - Q2 2025 guidance includes projected sales of $61.5 million to $63.5 million, with a gross margin of 69.5% and operating income between $14.6 million and $16.0 million [5]. Dividend and Share Repurchase - A quarterly dividend of $0.20 per share was approved, to be paid on May 29, 2025 [7]. - The company has authorized a share repurchase program of up to $75 million, which may be suspended or discontinued at any time [8].
Synergy CHC Corp. Announces First Quarter 2025 Earnings and Conference Call Information
Globenewswire· 2025-05-01 20:05
Company Overview - Synergy CHC Corp. is a provider of consumer health care and lifestyle products [3] - The company's brand portfolio includes FOCUSfactor, a clinically-tested brain health supplement, and Flat Tummy, a wellness brand focused on nutritional products for weight management [3] Financial Results Announcement - Synergy plans to release its financial results for the first quarter ended March 31, 2025, on May 15, 2025, before market trading opens [1] - A conference call will be held at 9:00 a.m. ET / 6:00 a.m. PT with the CEO Jack Ross and CFO Jaime Fickett [2] - A live webcast of the call will be available on the Investor Relations section of Synergy's website, and a replay will be accessible for a limited time [2]
Casella Waste Systems, Inc. Announces First Quarter 2025 Results
Globenewswire· 2025-05-01 20:05
RUTLAND, Vt., May 01, 2025 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc. (NASDAQ: CWST), a regional solid waste, recycling and resource management services company, today reported its financial results for the three-month period ended March 31, 2025. Key Highlights: Revenues were $417.1 million for the quarter, up $76.1 million, or up 22.3%, from the same period in 2024. Solid waste pricing was up 5.6% from the same period in 2024, driven by 5.8% collection price growth and 5.5% disposal price growth.Net ...