Reports

Boston Scientific reported a strong fourth quarter and full year 2024, with net sales reaching $4.561 billion in Q4, a 22.4% increase. The company's adjusted EPS for Q4 was $0.70, compared to $0.55 a year ago. Full year net sales were $16.747 billion, with adjusted EPS of $2.51.

• Net sales increased by 22.4% in Q4 2024, reaching $4.561 billion.
• Adjusted EPS for Q4 2024 was $0.70, up from $0.55 in the prior year period.

Fiserv reported a 7% increase in GAAP revenue for both the fourth quarter and the full year 2024. The company expects 2025 organic revenue growth of 10% to 12% and adjusted EPS of $10.10 to $10.30, representing growth of 15% to 17%.

• GAAP revenue growth of 7% both in the quarter and for the full year.
• Organic revenue growth of 13% in the quarter and 16% for the full year.

ITW reported Q4 2024 results, with revenue of $3.9 billion, a decrease of 1.3%. GAAP EPS increased by 7% to $2.54. The company achieved a record operating margin of 26.2% and generated $1 billion in free cash flow, a 10% increase. ITW initiates 2025 guidance including GAAP EPS in the range of $10.15 to $10.55 per share.

• Revenue decreased by 1.3% to $3.9 billion, with organic revenue declining 0.5%.
• GAAP EPS increased by 7% to $2.54.

McKesson Corporation announced robust third-quarter results for fiscal year 2025, with consolidated revenues increasing by 18% to $95.3 billion and adjusted earnings per diluted share rising by 4% to $8.03. The company also raised its full-year adjusted EPS guidance, reflecting strong performance across its segments and strategic growth initiatives.

• Consolidated revenues increased by 18% to $95.3 billion.
• Adjusted Earnings per Diluted Share increased by 4% to $8.03.

O'Reilly Automotive, Inc. announced record revenue for its fourth quarter and full-year ended December 31, 2024, marking 32 consecutive years of comparable store sales growth. The company reported a 4.4% increase in comparable store sales for the fourth quarter, with strong performance in both professional and DIY segments.

• Fourth quarter comparable store sales grew by 4.4%, contributing to a full-year increase of 2.9%.
• Net cash provided by operating activities reached $3.0 billion in 2024.

Emerson reported a strong start to fiscal year 2025, exceeding first quarter expectations for incremental operating margins and earnings per share, driven by strong cash flow generation. The company reiterates its guide for underlying sales, earnings per share, and cash flow, driven by resilient demand and proven execution capabilities.

• Emerson exceeded first quarter expectations for incremental operating margins and earnings per share.
• Record gross profit margin and adjusted segment EBITA margin reflect the strength of the transformed industrial technology portfolio and Emerson Management System.

BD reported a strong operational performance in Q1 2025, with revenue growth, margin expansion, and earnings per share exceeding expectations. The company's revenue reached $5.2 billion, a 9.8% increase as reported and a 3.9% increase organically. Adjusted diluted EPS grew by 28.0% to $3.43. BD has also increased its FY25 adjusted diluted EPS guidance at the midpoint, while absorbing translational currency impacts.

• Revenue of $5.2 billion increased 9.8% as reported, 9.6% currency-neutral and 3.9% organic.
• GAAP and adjusted diluted EPS of $1.04 and $3.43 grew 8.3% and 28.0%, respectively.

MetLife delivered strong financial performance in the fourth quarter of 2024, with significant increases in net income and adjusted earnings compared to the prior year. The company's total revenues also saw a modest increase, driven by growth in premiums, fees, and other revenues. Adjusted earnings per share increased by 14%, reflecting effective operational management and favorable market conditions.

• Net income for Q4 2024 increased by 116% to $1.2 billion, or $1.78 per share, compared to $574 million, or $0.77 per share, in Q4 2023.
• Adjusted earnings for Q4 2024 rose by 7% to $1.5 billion, or $2.09 per share, compared to $1.4 billion, or $1.83 per share, in Q4 2023.

Aflac Incorporated delivered solid adjusted earnings for the fourth quarter and the full year, driven by strong sales in Japan and continued focus on profitable growth in the U.S. The company also announced a 16% increase in its first quarter dividend.

• Total revenues increased 43.1% to $5.4 billion in Q4 2024, compared to $3.8 billion in Q4 2023.
• Net earnings were $1.9 billion, or $3.42 per diluted share, significantly up from $268 million, or $0.46 per diluted share a year ago.

Allstate Corporation delivered an excellent fourth quarter in 2024, with total revenues reaching $16.51 billion, an 11.3% increase from the prior year. Net income applicable to common shareholders surged to $1.90 billion, a 30.1% increase, and adjusted net income rose to $2.06 billion, up 33.8%. These strong results were primarily driven by improved Property-Liability underwriting performance and higher investment income.

• Total revenues for Q4 2024 increased by 11.3% to $16.51 billion compared to the prior year quarter.
• Net income applicable to common shareholders rose by 30.1% to $1.90 billion in Q4 2024.

Johnson Controls reported a 4% increase in sales and a 10% increase in organic sales for Q1 2025. GAAP EPS was $0.55, and adjusted EPS was $0.64. The company is raising its full year fiscal 2025 guidance.

• Q1 sales increased 4% and organic sales increased 10%.
• Q1 GAAP EPS of $0.55; Q1 Adjusted EPS of $0.64.

Cencora reported a strong start to fiscal year 2025, with revenue increasing by 12.8% year-over-year to $81.5 billion. GAAP diluted EPS was $2.50, while adjusted diluted EPS increased by 13.7% to $3.73. The company has raised its adjusted diluted EPS guidance for fiscal year 2025 to a range of $15.25 to $15.55.

• Revenue increased by 12.8% year-over-year to $81.5 billion.
• GAAP diluted EPS was $2.50, a decrease compared to the prior year's $2.98.

Corteva's fourth quarter 2024 results showed significant growth, with net sales increasing 7% to $4.0 billion and organic sales up 13%. Operating EBITDA rose 36% to $525 million, and operating EPS increased 113% to $0.32. This performance was driven by strong volume gains in both Crop Protection and Seed, particularly in Brazil.

• Net sales increased 7% to $4.0 billion in Q4 2024 compared to Q4 2023.
• Organic sales grew by 13% in Q4 2024, reflecting strong underlying business performance.

Old Dominion's Q4 2024 revenue decreased by 7.3% due to an 8.2% decline in LTL tons per day. The operating ratio increased to 75.9%. Despite these challenges, the company maintained an on-time service performance of 99% and a cargo claims ratio below 0.1%.

• Revenue decreased by 7.3% due to softness in the domestic economy.
• LTL tons per day decreased by 8.2%, reflecting declines in both shipments and weight per shipment.

Cognizant delivered a strong performance in Q4 2024, with revenue reaching $5.082 billion, a 6.8% year-over-year increase. The company also reported diluted EPS of $1.10 and non-GAAP diluted EPS of $1.21, alongside significant full-year achievements including increased operating margin and strong bookings growth.

• Fourth quarter revenue of $5.1 billion increased 6.8% year-over-year or 6.7% in constant currency, at the high end of guidance range.
• Full-year operating margin of 14.7% increased 80 basis points year-over-year; Adjusted Operating Margin of 15.3% increased 20 basis points year-over-year.

AvalonBay Communities, Inc. reported a 16.5% increase in EPS and a 2.2% increase in Core FFO per share for Q4 2024 compared to Q4 2023. The company also announced a 2.9% dividend increase for Q1 2025.

• EPS increased by 16.5% to $1.98 in Q4 2024 compared to $1.70 in Q4 2023.
• Core FFO per share increased by 2.2% to $2.80 in Q4 2024 compared to $2.74 in Q4 2023.

Helmerich & Payne, Inc. reported revenue of $677 million and net income of $55 million for Q1 FY25. Adjusted EBITDA reached $199 million. The North America Solutions segment reported 148 active rigs with revenue per day of $38,600. The company completed the acquisition of KCA Deutag, expanding its presence in the Middle East and offshore markets.

• Revenue declined to $677 million from $694 million in the prior quarter.
• Net income fell to $55 million from $75 million in the previous quarter.

Corpay concluded 2024 with strong fourth-quarter performance, achieving 12% organic revenue growth and 21% adjusted EPS growth, both exceeding mid-term targets. The Corporate Payments segment saw significant growth, and the company made strategic acquisitions while maintaining a healthy leverage ratio.

• Fourth quarter revenues increased 10% to $1,034.4 million, compared to $937.3 million in the prior year.
• Adjusted net income per diluted share increased 21% to $5.36 in Q4 2024, up from $4.44 in Q4 2023.

CDW Corporation reported a 3.3% increase in net sales for the fourth quarter of 2024, reaching $5,186 million. While customers remained cautious, certain end-markets displayed signs of stability, and the company delivered strong gross margin and excellent cash flow.

• Net sales increased by 3.3% to $5,186 million compared to Q4 2023.
• Corporate segment Net sales increased 4.2% higher than 2023.

T. Rowe Price Group, Inc. reported Q4 2024 results with a decrease in assets under management (AUM) to $1.61 trillion. However, the company saw an increase in net revenues and diluted earnings per share (EPS) compared to the same quarter last year. Net client outflows were $19.3 billion for the quarter.

• Assets under management (AUM) reached $1.61 trillion.
• Net client outflows totaled $19.3 billion.

Markel Group exceeded its targets in 2024, driven by strong returns from its public equity portfolio, continued growth in Ventures, and notable performance in its insurance business. The company made significant strides in improving accountability, capital allocation, and leadership, enhancing insurance performance and driving profitable growth across all businesses.

• Total operating revenues increased by 5% in 2024, reaching $16.62 billion.
• Operating income increased by 27% in 2024, totaling $3.71 billion.

PTC delivered solid financial results in Q1'25, with constant currency ARR growth of 11% and cash flow growth exceeding 25%, aligning with guidance. The company's differentiated strategy and go-to-market realignment are key to driving business transformation and enhancing shareholder returns.

• Constant currency ARR grew 11% year-over-year, reaching $2,277 million.
• Operating cash flow increased by 27% year-over-year to $238 million.

STERIS plc announced strong financial results for its fiscal 2025 third quarter, with total revenue from continuing operations increasing by 6% to $1.4 billion. Net income from continuing operations rose to $173.6 million, and adjusted EPS increased to $2.32. The company also updated its fiscal 2025 outlook, primarily due to shifts in foreign currency rates.

• Total revenue from continuing operations increased 6% to $1.4 billion in Q3 fiscal 2025.
• Constant currency organic revenue from continuing operations also grew by 6%.

MAA's Same Store Portfolio revenue decreased by 0.2% in Q4 2024 compared to the prior year, with Average Effective Rent per Unit down 0.5%. However, Average Physical Occupancy remained strong at 95.6%. The company completed development of two multifamily communities and acquired one, while also disposing of two properties.

• Same Store Portfolio revenue decreased 0.2% in Q4 2024, partially offset by a 1.8% increase in other property revenues.
• Average Physical Occupancy for the Same Store Portfolio was strong at 95.6% in Q4 2024.

Molina Healthcare reported strong fourth quarter 2024 results with GAAP earnings per diluted share of $4.44 and adjusted earnings per diluted share of $5.05. For the full year 2024, premium revenue increased by 19% year over year, and both GAAP and adjusted net income per diluted share saw increases of 9% and 8% respectively.

• Fourth quarter 2024 GAAP earnings per diluted share was $4.44, with adjusted earnings per diluted share at $5.05.
• Full year 2024 premium revenue reached approximately $38.6 billion, marking a 19% increase year over year.

Align Technology's Q4 2024 total revenues reached $995.2 million, a 4.0% increase year-over-year. Clear Aligner revenues grew by 1.6%, and Systems and Services revenues increased by 14.9%. The company's diluted net income per share was $1.39, while non-GAAP diluted net income per share was $2.44.

• Q4 total revenues were $995.2 million, up 4.0% year-over-year.
• Clear Aligner volumes increased by 6.1% year-over-year.

Equitable Holdings reported a strong fourth quarter and full year 2024, with significant increases in net income and non-GAAP operating earnings. The company achieved record net inflows in Retirement and Wealth Management, alongside active net inflows in Asset Management, contributing to a 10% year-over-year increase in total AUM/A to $1.0 trillion.

• Robust growth momentum with record full year net inflows of $7.1 billion in Retirement, $4.0 billion in Wealth Management and active net inflows of $4.3 billion in Asset Management.
• Full year Net income of $1.3 billion, or $3.78 per share; fourth quarter Net income of $899 million, or $2.76 per share.

Hologic announced financial results for the first quarter of fiscal 2025, reporting revenues of $1,021.8 million, a 0.9% increase year-over-year. GAAP diluted EPS was $0.87, while non-GAAP diluted EPS reached $1.03, hitting the high end of guidance. The company also completed the acquisition of Gynesonics, expanding its surgical portfolio.

• Revenue for the first quarter of fiscal 2025 was $1,021.8 million, an increase of 0.9% (1.0% in constant currency) compared to the prior year.
• Non-GAAP diluted EPS was $1.03, which was at the high end of the company's guidance range.

News Corp reported a 5% increase in revenue to $2.24 billion, driven by growth in Digital Real Estate Services, Book Publishing, and Dow Jones. Net income from continuing operations surged 58% to $306 million, and Total Segment EBITDA rose 20% to $478 million. The company also announced an agreement to sell Foxtel to DAZN for A$3.4 billion.

• Revenues increased by 5% to $2.24 billion, primarily driven by growth in Digital Real Estate Services, Book Publishing and Dow Jones.
• Net income from continuing operations increased by 58% to $306 million.

Skyworks Solutions, Inc. reported Q1 fiscal 2025 results with revenue of $1.068 billion, GAAP diluted EPS of $1.00, and non-GAAP diluted EPS of $1.60. The company generated operating cash flow of $377 million and free cash flow of $338 million.

• Delivered revenue of $1.068 billion.
• Posted GAAP diluted EPS of $1.00 and non-GAAP diluted EPS of $1.60.

Performance Food Group Company reported a decrease in net income despite increases in net sales and gross profit. Total case volume and independent foodservice case volume increased. The company's Adjusted EBITDA and Adjusted Diluted EPS also increased.

• Total case volume increased by 9.8%.
• Net sales increased by 9.4% to $15.6 billion.

Stanley Black & Decker's Q4 2024 results showed flat revenue compared to the prior year, but with 3% organic growth. The company achieved a gross margin increase of 120 basis points and generated strong free cash flow. Management is preparing countermeasures designed to mitigate the impact from recently announced tariffs.

• Revenues for the fourth quarter were $3.7 billion, flat versus prior year with 3% organic growth.
• Gross margin for the fourth quarter was 30.8%, up 120 basis points versus the prior year.

UDR, Inc. reported a net income per diluted share of $(0.02) for Q4 2024, which was below guidance. FFO per diluted share was $0.48, and FFOA per diluted share was $0.63, aligning with guidance. Full-year 2024 FFOA per diluted share growth exceeded original guidance expectations.

• Net Income per diluted share for Q4 2024 was $(0.02), a 120% decrease year-over-year.
• FFO per diluted share for Q4 2024 was $0.48, a 21% decrease year-over-year.

Ares Capital Corporation reported GAAP net income of $0.55 per share and Core EPS of $0.55 for the fourth quarter of 2024. The company's investment portfolio at fair value reached $26.72 billion, and the board declared a first quarter 2025 dividend of $0.48 per share.

• Ares Capital declared a first quarter 2025 dividend of $0.48 per share.
• The company reported a GAAP net income of $0.55 per share for Q4 2024.

U-Haul Holding Company reported a decrease in net earnings available to shareholders for the third quarter ended December 31, 2024, with $67.2 million compared to $99.2 million for the same period last year. Earnings per share for Non-Voting Shares were $0.35 compared to $0.51 for the same period in fiscal 2024. Moving activity increased during the quarter.

• Net earnings available to shareholders decreased to $67.2 million from $99.2 million year-over-year.
• Earnings per share for Non-Voting Shares (UHAL.B) decreased to $0.35 from $0.51 year-over-year.

Coherent Corp. announced record revenue of $1.43 billion for the second quarter of fiscal 2025, marking a 27% year-over-year increase. The company also saw significant improvements in both GAAP and non-GAAP gross margins and EPS, driven by strong AI-related Data Center demand and growth in the Telecom business.

• Record revenue of $1.43 billion, up 27% year-over-year.
• GAAP gross margin increased by 452 bps year-over-year to 35.5%.

Bio-Techne reported a 9% increase in second-quarter revenue to $297.0 million, driven by strong organic growth in both the Protein Sciences and Diagnostics & Spatial Biology segments. GAAP EPS increased to $0.22, and adjusted EPS rose to $0.42. The company also highlighted improved biopharma end-market conditions and a focus on profitability, resulting in a 30.1% adjusted operating margin.

• Organic revenue increased by 9% to $297.0 million.
• GAAP EPS was $0.22, up from $0.17 year-over-year.

Dayforce reported a strong fourth quarter in 2024, marked by a 16% increase in total revenue to $465.2 million and a 19% increase in Dayforce recurring revenue to $347.9 million. The company's adjusted EBITDA rose to $129.2 million, representing a 27.8% margin. The company also issued guidance for Q1 and full year 2025.

• Total revenue increased by 16% year-over-year to $465.2 million.
• Dayforce recurring revenue grew by 19% year-over-year to $347.9 million.

Regal Rexnord reported a mixed fourth quarter, with sales down 9.1% year-over-year but adjusted diluted EPS up 2.6%. The company made good progress on growth, margin, and debt reduction initiatives, despite weaker-than-expected end markets. Strong performance in the IPS segment and exceeding synergy targets were key highlights.

• Diluted EPS was $0.62, with adjusted diluted EPS at $2.34, marking a 2.6% increase year-over-year.
• The company paid down $205 million of gross debt in Q4, with net debt/adjusted EBITDA (including synergies) at approximately 3.6x.

Crown Holdings, Inc. delivered strong fourth-quarter results with a 12% increase in segment income compared to the prior year, driven by a 17% improvement in combined global beverage can segment income due to 4% global volume growth. The company also achieved record adjusted free cash flow for the full year 2024 and significantly reduced net debt.

• Fourth-quarter diluted earnings per share were $3.02, with adjusted diluted earnings per share increasing by 28% to $1.59.
• Full-year diluted earnings per share were $3.55, and adjusted diluted earnings per share increased by 9% to $6.41.

Evercore reported strong Q4 and full-year 2024 results, with net revenues increasing by 24% compared to the previous year. The company's strategic advisory business advised on several notable transactions, and both Private Capital Advisory and Private Funds Group had record years. Evercore ISI was recognized as the #1 Firm in U.S. Equity Research for the third consecutive year.

• Net revenues for Q4 2024 increased by 24% year-over-year, reaching $975.3 million on a U.S. GAAP basis.
• Operating income for Q4 2024 increased by 81% compared to 2023, reaching $212.6 million on a U.S. GAAP basis.

Omega Healthcare Investors, Inc. reported strong fourth quarter 2024 results with net income of $116 million and Adjusted FFO of $214 million. The company completed $340 million in new investments during the quarter and issued $438 million in equity, while also providing 2025 Adjusted FFO guidance.

• Net income for Q4 2024 increased to $116 million, up from $57 million in Q4 2023.
• Adjusted FFO for Q4 2024 was $214 million, or $0.74 per common share, compared to $173 million, or $0.68 per common share, for Q4 2023.

Globe Life Inc. reported a net income of $255,196,000 and net operating income of $265,809,000 for the fourth quarter of 2024. Diluted EPS was $3.01, and non-GAAP diluted EPS was $3.14. The company also reported strong performance in its life and health insurance segments, with increased net sales and premiums.

• Net income per diluted common share increased to $3.01 from $2.88 in the year-ago quarter.
• Net operating income per diluted common share rose to $3.14 from $2.80 in the year-ago quarter.

Murphy USA Inc. reported a slight decrease in net income for Q4 2024 compared to Q4 2023, primarily due to higher operating expenses and depreciation. However, merchandise contribution dollars increased, and the company continued its strategic growth initiatives, including new store additions and raze-and-rebuilds.

• Net income for Q4 2024 was $142.5 million, a decrease from $150.0 million in Q4 2023.
• Total fuel contribution remained flat at 32.5 cpg in Q4 2024 compared to Q4 2023.

Rexford Industrial delivered solid fourth quarter and full year operating results, with net income attributable to common stockholders of $59.4 million, Core FFO of $128.6 million, and total revenues of $242.895 million for Q4 2024. The company also reported significant increases in comparable rental rates and completed substantial acquisitions.

• Net income attributable to common stockholders for Q4 2024 was $59.4 million, compared to $61.7 million in the prior year quarter.
• Company share of Core FFO for Q4 2024 was $128.6 million, an 8.2% increase compared to $118.8 million for the prior year quarter.

The New York Times Company reported a 7.5% increase in total revenues for Q4 2024, reaching $726.6 million. Digital subscription revenues grew by 16.0%, and digital advertising revenues increased by 9.5%. The company added approximately 350,000 net digital-only subscribers, bringing the total to 11.43 million.

• Added 350,000 net digital-only subscribers, reaching a total of 11.43 million.
• Total digital-only ARPU increased by 4.4% year-over-year to $9.65.

The Ensign Group, Inc. announced robust operating results for the fourth quarter of 2024, with GAAP diluted earnings per share of $1.36 and adjusted earnings per share of $1.49. The company saw substantial increases in net income and revenue compared to the prior year quarter, driven by strong performance in skilled services and strategic acquisitions.

• GAAP net income for Q4 2024 increased by 267.4% over the prior year quarter to $79.7 million.
• Adjusted net income for Q4 2024 increased by 18.9% over the prior year quarter to $87.6 million.

WEX Inc. reported a 4% decrease in Q4 revenue year-over-year to $637 million, primarily due to unfavorable impacts from fuel prices and foreign exchange rates. Full year revenue, however, increased by 3% to $2.63 billion. GAAP net income per diluted share for Q4 was $1.60, while adjusted net income per diluted share was $3.57, down 7% from the prior year.

• Q4 revenue decreased 4% year-over-year to $636.5 million, impacted by a net $26.6 million unfavorable impact from fuel prices and spreads.
• Q4 GAAP net income was $63.9 million, or $1.60 per diluted share, a decrease from $84.9 million, or $1.98 per diluted share, in the prior year.

First Industrial Realty Trust announced its Q4 and full year 2024 results. The company's EPS was $0.52 in the fourth quarter, while FFO was $0.71 per share/unit. In service occupancy was 96.2% at the end of the fourth quarter of 2024.

• In service occupancy was 96.2% at the end of the fourth quarter of 2024, compared to 95.0% at the end of the third quarter of 2024, and 95.5% at the end of the fourth quarter of 2023.
• Cash rental rates increased 41.4% in the fourth quarter.

UGI Corporation reported strong fiscal first quarter results with a 14% increase in adjusted diluted EPS, driven by disciplined execution in natural gas and international propane businesses, strong gas demand, higher gas rates, and reduced operating expenses.

• Q1 GAAP diluted EPS was $1.74, a significant increase from $0.44 in the prior-year period.
• Adjusted diluted EPS increased to $1.37, up from $1.20 in the prior-year period.

Reynolds Consumer Products reported a decrease in net income and adjusted EBITDA for Q4 2024, driven by higher operational costs and lower pricing. However, retail volume grew, consistent with overall category performance.

• Net revenues increased to $1,021 million compared to $1,007 million in Q4 2023.
• Net income decreased 12% to $121 million.

Timken reported fourth-quarter sales of $1.07 billion, a 1.6% decrease from the previous year. The company's diluted EPS was $1.01, with an adjusted EPS of $1.16. Net income for the quarter was $71.2 million. The company is planning for 2025 revenue in the range of -4% to -1% compared to 2024.

• Sales of $1.07 billion in the fourth quarter, down 1.6 percent from last year.
• Fourth-quarter diluted EPS of $1.01; adjusted EPS of $1.16.

Moelis & Company reported a substantial increase in fourth-quarter revenues by 104% to $438.7 million and a significant rise in GAAP net income to $99.8 million. Full-year revenues also grew by 40% to $1,194.5 million, reflecting strong performance across all products, particularly M&A.

• Fourth quarter revenues increased by 104% to $438.7 million compared to the prior year period.
• Full year 2024 GAAP revenues reached $1,194.5 million, a 40% increase from the prior year.

Radian Group Inc. announced net income of $148 million for the fourth quarter of 2024, or $0.98 per diluted share, and a full year net income of $604 million, or $3.92 per diluted share. The company's primary mortgage insurance in force reached an all-time high of $275.1 billion.

• Fourth quarter net income was $148 million, or $0.98 per diluted share, compared to $143 million, or $0.91 per diluted share in Q4 2023.
• Full year net income reached $604 million, or $3.92 per diluted share, up from $603 million, or $3.77 per diluted share in FY 2023.

Weatherford announced its fourth quarter and full year 2024 results, with Q4 revenue decreasing 5% sequentially and 2% year-over-year to $1,341 million, and net income falling 29% sequentially and 20% year-over-year to $112 million. Despite the challenging quarter, full year 2024 revenue increased 7% to $5,513 million and net income increased 21% to $506 million, driven by strong international growth and margin expansion.

• Fourth quarter revenue decreased 5% sequentially and 2% year-over-year to $1,341 million.
• Fourth quarter net income was $112 million, an 8.4% margin, decreasing 29% sequentially and 20% year-over-year.

SiTime Corporation announced strong financial results for Q4 2024, with revenue increasing by 61% year-over-year to $68.1 million. The company achieved a non-GAAP net income of $11.8 million, or $0.48 per diluted share, demonstrating improved operational efficiency.

• Q4 2024 net revenue reached $68.1 million, an 18% increase from the prior quarter and a 61% increase year-over-year.
• GAAP gross profit for Q4 2024 was $35.8 million, representing 52.6% of revenue.

RXO reported Q4 2024 revenue of $1.7 billion, up from $1.0 billion in Q4 2023. However, the company experienced a net loss of $20 million, compared to a net income of $2 million in the same quarter of the previous year. The net loss included $34 million in transaction, integration, restructuring, and other costs. Adjusted EBITDA was $42 million, compared to $31 million in the prior year.

• RXO's revenue was $1.7 billion, compared to $1.0 billion in the fourth quarter of 2023.
• The company reported a GAAP net loss of $20 million, compared to net income of $2 million in the fourth quarter of 2023.

Kemper Corporation delivered strong fourth-quarter results in 2024, with net income rising to $97.4 million from $51.4 million in the prior year. Adjusted consolidated net operating income also saw a substantial increase to $115.1 million from $50.5 million. The Specialty P&C segment showed robust performance with PIF growth and an improved underlying combined ratio, while the Life business continued to generate strong returns.

• Net income for Q4 2024 increased to $97.4 million, up from $51.4 million in Q4 2023.
• Adjusted Consolidated Net Operating Income for Q4 2024 was $115.1 million, compared to $50.5 million in Q4 2023.

Black Hills Corp. announced strong financial results for the fourth quarter of 2024, with operating income increasing to $163.3 million and net income available for common stock rising to $98.1 million. Diluted EPS for the quarter was $1.37. The company also increased its five-year capital forecast and initiated 2025 earnings guidance.

• Operating income increased to $163.3 million in Q4 2024 from $136.5 million in Q4 2023.
• Net income available for common stock rose to $98.1 million in Q4 2024 from $79.6 million in Q4 2023.

ASGN Incorporated reported fourth quarter 2024 revenues of $985.0 million and net income of $42.4 million. Adjusted EBITDA was $109.7 million, representing 11.1 percent of revenues. The company repurchased 0.5 million shares of common stock for $43.9 million.

• Fourth quarter revenues were $1.0 billion.
• Net income for the quarter was $42.4 million.

Spire Inc. reported a decrease in net income and adjusted earnings for the first quarter of fiscal year 2025 compared to the previous year, but affirmed its fiscal 2025 adjusted earnings guidance range. The Gas Utility segment saw increased earnings in Spire Alabama and Spire Gulf, offset by lower Spire Missouri earnings. Midstream earnings grew due to additional capacity and contract renewals at higher rates for Spire Storage, while Gas Marketing earnings decreased due to market conditions.

• First quarter net income was $81.3 million ($1.34 per diluted share), down from $85.1 million ($1.52 per share) year-over-year.
• First quarter adjusted earnings were $81.1 million ($1.34 per share), compared to $82.7 million ($1.47 per share) in the prior year.

Rayonier Inc. reported a net income attributable to Rayonier of $327.1 million, or $2.15 per share, on revenues of $726.3 million for the fourth quarter of 2024. This marks a significant increase compared to the prior year quarter's net income of $126.9 million, or $0.85 per share, on revenues of $467.4 million. The strong performance was primarily driven by $291.1 million of income from Large Dispositions and robust results in the Real Estate segment.

• Fourth quarter net income attributable to Rayonier increased to $327.1 million ($2.15 per share) from $126.9 million ($0.85 per share) in the prior year.
• Revenues for the fourth quarter were $726.3 million, up from $467.4 million in the prior year quarter.

EnerSys reported a 5% increase in net sales to $906.2 million, driven by strong A&D demand and contributions from Bren-Tronics. Diluted EPS increased by 55% to $2.88, and adjusted diluted EPS increased by 22% to $3.12, bolstered by a $75 million benefit from IRA tax credits. The company expects a strong finish to the fiscal year, with improving trends across end markets and disciplined execution of strategic priorities.

• Net sales increased by 5% to $906 million, driven by A&D demand and contributions from Bren-Tronics.
• Energy Systems net sales increased by 4% with significant margin expansion due to efficiency improvements and cost controls.

Viking Therapeutics announced positive data from four different clinical trials in 2024, including for VK2735 in obesity and VK2809 for MASH. The company ended the year with a strong cash position of $903 million and plans to initiate Phase 3 trials for subcutaneous VK2735 in obesity in 2Q25.

• Initiation of Phase 3 studies for subcutaneous VK2735 for obesity is planned for 2Q25.
• The Phase 2 VENTURE-Oral Dosing Trial evaluating VK2735 in obesity is currently underway.

Envista Holdings Corporation reported Q4 2024 sales of $653 million, a 2.0% increase in core sales over Q4 2023. The company achieved an adjusted EBITDA margin of 13.9% and generated $132 million in operating cash flow, an increase of 30% compared to the prior year.

• Sales for Q4 2024 reached $652.9 million, up from $645.6 million in Q4 2023.
• Core sales increased by 2.0% over the fourth quarter of 2023.

Impinj delivered strong financial results in 2024, successfully resolved patent litigation, and introduced market-leading products. Despite anticipated first-quarter headwinds, the company plans to leverage its competitive advantages for future growth.

• Fourth quarter revenue reached $91.6 million.
• GAAP net loss for the quarter was $2.7 million, or $0.09 per diluted share.

Griffon Corporation reported a 2% decrease in revenue to $632.4 million, but net income increased to $70.9 million, or $1.49 per share. Adjusted net income was $65.9 million, or $1.39 per share, and adjusted EBITDA increased by 13% to $131.2 million. Free cash flow for the quarter was $143 million.

• First quarter revenue totaled $632.4 million, a 2% decrease compared to the prior year quarter.
• Net income totaled $70.9 million, or $1.49 per share, compared to $42.2 million, or $0.82 per share, in the prior year quarter.

Harley-Davidson reported a challenging fourth quarter in 2024, with a significant decline in revenue and global motorcycle shipments. The company faced headwinds from a high-interest rate environment affecting consumer confidence. Despite these challenges, the launch of new touring motorcycles contributed to growth in the U.S. Touring segment and increased market share. The company is focused on strengthening its foundation through its Hardwire strategy.

• Harley-Davidson delivered a diluted EPS loss of $0.93 for Q4 2024.
• HDMC revenue decreased by 47% to $420 million compared to the previous year.

StoneX Group Inc. reported a strong start to fiscal year 2025 with record net operating revenues of $492.1 million and net income of $85.1 million for the three months ended December 31, 2024. This performance was primarily attributed to increased transaction volumes across all product offerings and significant growth in physical contracts. Diluted EPS increased to $2.54, up from $2.13 in the prior year.

• Record net operating revenues of $492.1 million, a 17% increase from the prior year.
• Net income reached $85.1 million, up 23% compared to the same period last year.

Helmerich & Payne, Inc. reported a net income of $54.8 million and diluted EPS of $0.54 for the three months ended December 31, 2024. Operating revenues remained stable at $677.3 million. The company's financial performance was impacted by increased acquisition transaction costs and interest expenses, partially offset by higher average pricing levels in North America Solutions.

• Net income decreased to $54.8 million from $95.2 million in the prior year, primarily due to higher acquisition transaction costs and interest expenses.
• Diluted earnings per common share fell to $0.54 from $0.94 in the previous year.

Patterson-UTI Energy reported a total revenue of $1.2 billion and a net loss attributable to common stockholders of $52 million, or $0.13 per share, for the fourth quarter of 2024. The company's Adjusted EBITDA for the quarter was $225 million.

• Total revenue for Q4 2024 was $1.2 billion.
• Net loss attributable to common stockholders was $52 million, or $0.13 per share.

Capri Holdings reported a challenging third quarter with revenue declining by 11.6% to $1.26 billion. The company experienced a net loss of $547 million, or $(4.61) per share, but adjusted earnings per share were $0.45. Strategic initiatives are being reevaluated to improve sales trends, with expectations of improved performance in fiscal year 2026 and a return to growth in fiscal year 2027.

• Total revenue decreased by 11.6% to $1.26 billion.
• Adjusted earnings per share were $0.45.

FormFactor, Inc. announced its financial results for the fourth quarter of fiscal 2024, with revenues of $189.5 million, a decrease of 8.9% sequentially but an increase of 12.7% year-over-year. The company's fiscal year 2024 revenue increased by 15.2% to $764 million, driven by significant growth in High Bandwidth Memory (HBM) revenue.

• Fourth quarter 2024 revenue was $189.5 million, a sequential decrease of 8.9% but a year-over-year increase of 12.7%.
• Fiscal year 2024 revenue reached $764 million, up 15.2% from fiscal year 2023.

Symbotic Inc. announced strong financial results for its first fiscal quarter of 2025, with revenue growing over 35% year-over-year to $487 million, and cash and cash equivalents increasing significantly to $903 million. Despite a net loss of $19 million, the company achieved an adjusted EBITDA of $18 million, demonstrating continued growth and operational progress.

• Revenue for Q1 fiscal 2025 reached $487 million, a 35% increase year-over-year.
• Cash and cash equivalents grew by $176 million from the prior quarter, totaling $903 million.

Azenta reported a 4% year-over-year increase in revenue to $148 million, driven by growth in both Sample Management Solutions and Multiomics. The company's adjusted EBITDA margin improved by 400 basis points year-over-year to 9.0%, and non-GAAP diluted EPS remained flat at $0.08.

• Revenue increased by 4% year-over-year to $148 million.
• Sample Management Solutions revenue grew by 3% year-over-year to $81 million.

Hillenbrand's fiscal first quarter 2025 results were in line with expectations, with revenue decreasing 9% year-over-year to $707 million and adjusted EPS decreasing 19% to $0.56. The company announced the sale of a majority stake in its Milacron injection molding and extrusion business for $287 million, with net proceeds of approximately $250 million to be used for debt paydown. This transaction is part of Hillenbrand's portfolio transformation towards less cyclical, higher-growth opportunities.

• Revenue of $707 million decreased 9% compared to the prior year, aligning with Company expectations.
• Adjusted EPS of $0.56 decreased 19% compared to the prior year, also in line with Company expectations.

LiveRamp reported a strong third quarter for fiscal 2025, with total revenue reaching $195 million, a 12% increase year-over-year, marking the fourth consecutive quarter of double-digit revenue growth. GAAP operating income was $15 million, in-line with the prior year, while non-GAAP operating income increased by 24% to $45 million. Diluted EPS was $0.17, and non-GAAP diluted EPS was $0.55.

• Total revenue increased by 12% year-over-year to $195 million.
• Non-GAAP operating income grew by 24% to $45 million, with non-GAAP operating margin expanding by two percentage points to 23%.

Vishay Intertechnology reported Q4 2024 revenues of $714.7 million with a GAAP loss per share of ($0.49) and an adjusted EPS of $0.00. The company saw a book-to-bill ratio of 1.01 and a backlog of 4.4 months.

• Q4 2024 revenues reached $714.7 million.
• GAAP loss per share was ($0.49), with adjusted EPS at $0.00.

CONMED Corporation announced solid sales and earnings growth for the fourth quarter and full-year 2024, with Q4 sales increasing 5.8% to $345.9 million and adjusted diluted EPS rising 26.4% to $1.34, despite persistent supply challenges.

• Sales for Q4 2024 increased by 5.8% year-over-year to $345.9 million, or 6.0% in constant currency.
• Diluted net earnings per share (GAAP) for Q4 2024 were $1.08, up from $1.05 in Q4 2023.

ePlus reported a modest increase in net sales to $511.0 million and a 5.3% increase in consolidated gross profit to $140.9 million for the third quarter of fiscal year 2025. This growth was primarily fueled by a significant 52.2% increase in service revenues, which reached $113.6 million, offsetting a slight decline in technology business net sales. Net earnings and diluted EPS saw a decrease compared to the prior year.

• Net sales increased 0.4% to $511.0 million.
• Service revenues surged by 52.2% to $113.6 million, driven by organic and inorganic growth.

Criteo's Q4 2024 results showed a slight decrease in revenue but an increase in gross profit and net income. The company appointed Michael Komasinski as the new CEO and deployed $225 million to repurchase shares in 2024.

• Revenue for Q4 2024 was $553 million, a decrease of 2% year-over-year.
• Gross profit for Q4 2024 was $301 million, an increase of 9% year-over-year.

Connection (CNXN) announced its fourth quarter and full year 2024 results. For Q4 2024, net sales increased by 1.8% to $708.9 million, but net income decreased by 12.9% to $20.7 million, and diluted EPS fell to $0.78. Gross profit remained flat year-over-year. The company also declared a quarterly dividend of $0.15 per share.

• Net sales for Q4 2024 increased by 1.8% year-over-year to $708.9 million.
• Gross profit for Q4 2024 was flat year-over-year at $129.8 million, with gross margin decreasing by 30 basis points to 18.3%.

Kennametal reported sales of $482 million, a 3% decrease compared to the prior year quarter. Earnings per diluted share (EPS) was $0.23, and adjusted EPS was $0.25. The company generated strong cash flow from operations but lowered its full-year outlook due to weakening market conditions, primarily in EMEA.

• Sales decreased by 3 percent to $482 million compared to the prior year quarter.
• Earnings per diluted share (EPS) was $0.23, with an adjusted EPS of $0.25.

Sangoma Technologies Corporation reported total revenue of $60.934 million for Q4 FY2024, a decrease of 4% compared to Q4 FY2023. The company achieved a net loss of $1.708 million and an Adjusted EBITDA of $11.110 million for the quarter. Net cash provided by operating activities increased by 8% year-over-year for the quarter.

• Total Revenue for Fiscal 2024 was $247.3 million, within the guided range of $246.5 to $248.5 million.
• Adjusted EBITDA for Fiscal 2024 reached $42.6 million, aligning with the guidance range of $41.5 to $43.5 million.

DHT Holdings, Inc. announced a net profit of $54.7 million for the fourth quarter of 2024, a substantial increase from $35.3 million in the same period last year. The company achieved average combined time charter equivalent earnings of $38,800 per day and strategically sold a VLCC, expecting a significant gain in the next quarter. Share repurchases and consistent dividend payments underscore a strong financial position.

• Net profit for Q4 2024 increased to $54.7 million ($0.34 per basic share) from $35.3 million ($0.22 per basic share) in Q4 2023.
• Average combined time charter equivalent earnings were $38,800 per day in Q4 2024.

Silicon Motion announced its financial results for the fourth quarter ended December 31, 2024, with net sales decreasing sequentially to $191.2 million. Despite a challenging consumer market, the company's GAAP net income increased to $23.0 million, or $0.68 per diluted ADS. Non-GAAP net income decreased slightly to $30.9 million, or $0.91 per diluted ADS.

• Fourth quarter 2024 net sales were $191.2 million, a 10% decrease quarter-over-quarter and 6% year-over-year.
• GAAP net income for Q4 2024 increased to $23.0 million, or $0.68 per diluted ADS.

CSG Systems International reported record quarterly revenue of $317 million in Q4 2024, marking a 7% year-over-year increase. The company achieved or exceeded all profitability and cash flow guidance targets for the full year 2024, with operating cash flow of $136 million and non-GAAP adjusted free cash flow of $113 million, up 9% year-over-year. The dividend payout is set to increase by 7% in 2025, marking the 12th consecutive year of increased payout.

• Record quarterly revenue of $316.7 million in Q4 2024, up 7% year-over-year.
• Achieved or exceeded all profitability and cash flow guidance targets for the full year 2024.

Horace Mann Educators Corporation reported a strong fourth quarter in 2024, with record core earnings of $1.62 per share and total revenues of $409.0 million. The company also achieved full-year net income of $103 million and core earnings of $132 million, driven by improved Property & Casualty combined ratio.

• Fourth-quarter core earnings reached a record $1.62 per share, demonstrating strong operational performance.
• Full-year net income was $103 million, or $2.48 per share, and core earnings were $132 million, or $3.18 per share.

Lucky Strike Entertainment reported a slight decrease in revenue but a significant increase in net income for the second quarter of fiscal year 2025. Revenue decreased by 1.8% to $300.1 million, while net income improved to $28.3 million compared to a loss of $63.5 million in the prior year. The company opened new centers and acquired Boomer's, adding family entertainment centers and a water park to its portfolio.

• Revenue decreased 1.8% to $300.1 million year-over-year.
• Same Store Revenue decreased 6.2% versus the prior year.

BrightView reported a 4.4% decrease in total revenue to $599.2 million, driven by strategic reduction of non-core businesses, partially offset by core business growth. Net loss improved by 36.6% to $10.4 million, and adjusted EBITDA increased by 11.6% to $52.1 million. The company reaffirmed its fiscal year 2025 guidance.

• Total revenue decreased by 4.4% year-over-year to $599.2 million.
• Net loss improved by 36.6% year-over-year to $10.4 million.

Universal Technical Institute reported a strong first quarter in fiscal year 2025, with revenue increasing by 15.3% to $201.4 million and net income increasing by 113.2% to $22.2 million. The company also raised its full-year guidance for all key metrics.

• Revenue of $201.4 million, a 15.3% increase year-over-year.
• Total new student starts grew 22.3% and average full-time active students grew 11.1% year-over-year.

Blue Bird reported strong fiscal first quarter 2025 results, with net sales of $313.9 million and GAAP net income of $28.7 million. The company exceeded its guidance, driven by strong demand for school buses and improved operational performance, particularly in its base internal combustion engine (ICE) business, while also making progress in electric bus deliveries.

• Net Sales for Q1 fiscal 2025 were $313.9 million, a slight decrease of 1.2% from the prior year, primarily due to product mix changes.
• GAAP Net Income increased to $28.7 million, up $2.6 million from the prior year, largely due to emission credits sold.

Digi International reported a strong start to fiscal year 2025, with revenue of $104 million, a slight decrease of 2% year-over-year, but a significant increase in gross profit margin to 62.0%. The company achieved a net income of $10 million, a substantial improvement from a net loss in the prior year, and saw its Annualized Recurring Revenue (ARR) grow by 11% to $120 million.

• Revenue for the first fiscal quarter of 2025 was $104 million, a 2% decrease compared to the same period in the prior year.
• Gross profit margin increased significantly to 62.0%, up 440 basis points from the prior year.

Alpha and Omega Semiconductor reported revenue of $173.2 million for the fiscal second quarter of 2025, a decrease of 4.8% from the prior quarter but an increase of 4.8% from the same quarter last year. The company reported a GAAP net loss of $6.6 million and a non-GAAP net income of $2.7 million.

• Revenue for Q2 2025 was $173.2 million, down 4.8% sequentially but up 4.8% year-over-year.
• GAAP gross margin was 23.1%, a decrease from 24.5% in the prior quarter and 26.6% in the same quarter last year.

Deluxe reported a decrease in fourth-quarter revenue by 3.1% from the previous year, with comparable adjusted revenue decreasing by 2.1%. Net income for the quarter was down to $12.6 million from $15.0 million in Q4 2023. However, comparable adjusted EBITDA margin increased to 19.9%, up 60 basis points year over year, and comparable adjusted diluted EPS was up 9.1%.

• Fourth quarter reported revenue decreased 3.1% from the previous year.
• Comparable adjusted revenue for Q4 decreased 2.1% compared to the previous year.

Phibro Animal Health Corporation experienced substantial growth in the three months ended December 31, 2024, with net sales increasing by 24% to $309.3 million and net income rising by 50% to $3.185 million. This growth was largely driven by the acquisition of Zoetis's medicated feed additive portfolio and increased demand across its Animal Health segment.

• Net sales increased by 24% to $309.3 million for the three months ended December 31, 2024, compared to the same period last year.
• Net income grew by 50% to $3.185 million, up from $1.274 million in the prior year period.

NETGEAR delivered Q4 net revenue of $182.4 million, exceeding guidance, and achieved its sixth consecutive quarter of cash generation with $19.0 million in free cash flow. The company also significantly increased its cash position by $125 million and repurchased over $33 million of stock in 2024, while implementing a restructuring to fund 2025 investment opportunities.

• Q4 net revenue was $182.4 million, exceeding the high end of guidance.
• Q4 annual recurring revenue reached almost $35 million, growing 25% year over year.

EZCORP reported a net income of $31.016 million for the three months ended December 31, 2024, an increase of 9% compared to the same period last year. Total revenues reached $320.170 million, up from $299.991 million in the prior year. Basic earnings per share were $0.57, and diluted earnings per share were $0.40.

• Net income increased by 9% to $31.016 million.
• Total revenues grew by 7% to $320.170 million.

Matrix Service Company reported a net loss of $(0.20) per share for Q2 2025, with revenue increasing by 7% to $187.2 million. The company faced challenges including project delays and pre-election policy uncertainty, leading to a revised full-year revenue forecast. However, they anticipate a return to profitability in the second half of the fiscal year.

• Revenue increased by 7% to $187.2 million.
• Net loss per share was $(0.20), same as adjusted net loss per share.

Regional Management Corp. reported strong Q4 2024 results, with a net income of $9.9 million and diluted earnings per share of $0.98. Record revenue was driven by $73 million of sequential portfolio growth. The net credit loss rate improved to 10.8%, and the operating expense ratio decreased to 14.0%.

• Net income for the fourth quarter of 2024 was $9.9 million and diluted earnings per share was $0.98.
• Record net finance receivables as of December 31, 2024 of $1.9 billion, an increase of $121.1 million, or 6.8%, from the prior-year period.

BARK, Inc. reported total revenue of $126.4 million for the fiscal third quarter ended December 31, 2024, surpassing its guidance range. The company achieved its tenth consecutive year-over-year improvement in Adjusted EBITDA, which was $(1.6) million. Commerce revenue saw a significant increase of 43.5% year-over-year.

• Total revenue reached $126.4 million, exceeding the company's guidance and marking a 1.1% year-over-year increase.
• Commerce revenue surged by 43.5% year-over-year, reaching $20.3 million, driven by new partnerships and expanded shelf space.

The RMR Group Inc. announced its financial results for the first fiscal quarter ended December 31, 2024. The full results are available on their website. A conference call to discuss these results will be held on February 6, 2025.

• The RMR Group Inc. announced its financial results for the fiscal quarter ended December 31, 2024.
• The full financial results are accessible on the company's website in the Quarterly Results section.

Orange County Bancorp, Inc. announced net income of $7.2 million for the fourth quarter of 2024, a decrease of 11.8% compared to $8.1 million in the same period last year. Basic and diluted earnings per share were $0.63, down from $0.72 in Q4 2023. This decline was mainly attributed to higher non-interest expenses, although net interest income and non-interest income saw increases.

• Net income for Q4 2024 was $7.2 million, an 11.8% decrease from Q4 2023.
• Basic and diluted EPS for Q4 2024 was $0.63, down from $0.72 in Q4 2023.

Digital Turbine exceeded expectations in the December quarter, driven by improved execution and profit-optimization measures. The company saw strong advertiser and publisher demand for its On-Device product offerings and continued growth in spending from leading advertising agencies and brand advertisers on its App Growth Platform, leading to increased revenue and free cash flow.

• Fiscal third quarter 2025 revenue was $134.6 million, showing a 13% increase quarter-over-quarter but a 6% decline year-over-year.
• GAAP net loss for the fiscal third quarter of 2025 was $23.1 million, or ($0.22) per share.

Accuray Incorporated reported a net income of $2.537 million for the three months ended December 31, 2024, a substantial improvement compared to a net loss of $9.621 million in the same period last year. This positive shift was primarily driven by a 19% increase in product revenue, reaching $61.189 million, and a 17% increase in gross profit. The company's total net revenue grew by 8% to $116.174 million, despite a slight decrease in service revenue. Operating expenses decreased by 7%, contributing to the improved profitability.

• Net income significantly improved to $2.537 million from a net loss of $9.621 million in the prior year.
• Product revenue increased by 19% to $61.189 million, driven by higher shipments of CyberKnife System units and system upgrades.

Inotiv reported a decrease in revenue for Q1 2025, driven by lower performance in both its RMS and DSA segments. The company experienced a net loss, although they enhanced liquidity through a common share issuance.

• Revenue decreased by 11.5% to $119.9 million compared to the same period last year.
• Net loss was $27.6 million, which is 23.0% of total revenue.

Geospace Technologies reported a decrease in revenue to $37.2 million compared to the previous year's $50.0 million. However, the company achieved a net income of $8.4 million, or $0.65 per diluted share.

• Company-wide focus on profitability yielded positive results.
• New business segments (Smart Water, Energy Solutions, and Intelligent Industrial) were introduced to better reflect long-term vision and market opportunities.

Unifi, Inc. reported a 1.4% increase in net sales to $138.9 million for Q2 2025, driven by higher sales volumes. However, gross profit decreased to $0.5 million, and the company experienced a net loss of $11.4 million, improved from a net loss of $19.8 million in the previous year. The company is transitioning certain manufacturing operations to enhance efficiency and profitability.

• Net sales increased by 1.4% to $138.9 million, driven by higher sales volumes.
• REPREVE Fiber products accounted for 31% of net sales, totaling $43.3 million.