Reports

Thermo Fisher delivered a strong Q1 with slight revenue growth, improved GAAP EPS, and robust product innovation in semiconductor and precision medicine sectors.

• Revenue reached $10.36 billion, up from $10.34 billion in Q1 2024.
• GAAP EPS rose to $3.98 while adjusted EPS increased slightly to $5.15.

IBM exceeded expectations in Q1 2025 with strong revenue, high free cash flow, and continued momentum in generative AI demand.

• Revenue reached $14,541,000,000 driven by strong Software performance.
• GAAP EPS was $1.12 while adjusted EPS came in at $1.60.

Philip Morris delivered a solid Q1 2025 with notable gains in adjusted EPS and revenue, driven by its smoke-free portfolio, which now represents a substantial share of total revenues and gross profit.

• Adjusted EPS rose to $1.69, with reported EPS at $1.72.
• Revenue increased to $9.3B, supported by smoke-free products' 20.4% organic growth.

AT&T posted a solid Q1 2025, supported by growth in its Mobility and Consumer Wireline segments. The company maintained profitability, with improved EPS and strong free cash flow, and reaffirmed its full-year guidance while preparing to begin share repurchases.

• Net income rose to $4.7 billion, supported by strong fiber and 5G subscriber growth.
• EPS increased to $0.61; adjusted EPS was $0.51.

Texas Instruments delivered solid results in Q1 2025, with year-over-year increases in revenue, EPS, and net income, despite seasonal headwinds in personal electronics. Operating cash flow remained strong, and significant returns were made to shareholders.

• Revenue grew 11% year-over-year to $4.07 billion.
• Net income increased to $1.18 billion.

NextEra Energy posted Q1 2025 revenue of $6.25 billion and net income of $833 million. Adjusted EPS rose to $0.99, driven by performance at Florida Power & Light and Energy Resources. The company added 3.2 GW to its renewables and storage backlog and remains optimistic about hitting the top end of its EPS guidance through 2027.

• Total revenue reached $6.25 billion in Q1 2025
• Adjusted EPS increased to $0.99, up from $0.91 in Q1 2024

Boston Scientific delivered an impressive start to the year with $4.66 billion in revenue, a 20.9% increase year-over-year. Net income rose to $674 million, while adjusted EPS reached $0.75. The cardiovascular segment led performance with 25.6% organic growth, and U.S. sales jumped over 30%.

• Total revenue increased 20.9% year-over-year to $4.66 billion
• Net income rose to $674 million, up from $495 million the prior year

Lam Research delivered a solid quarter with $4.72B in revenue and $1.33B in net income. EPS exceeded $1, and margins improved QoQ, reflecting robust demand for semiconductor equipment.

• Revenue increased to $4.72B, reflecting strong market demand.
• Net income reached $1.33B with EPS of $1.03 (Non-GAAP: $1.04).

CME Group delivered its strongest quarter ever with record financial results across key metrics, driven by increased trading volumes across all asset classes and a surge in demand amid economic uncertainty.

• Revenue hit an all-time high at $1.6 billion, up from $1.4879 billion in Q1 2024.
• Net income was $956.2 million, with adjusted net income at $1.0071 billion.

Amphenol delivered a record-breaking first quarter with $4.81 billion in revenue and $737.8 million in net income, supported by outstanding performance in the IT datacom, defense, mobile, and communications sectors, alongside contributions from recent acquisitions.

• Revenue hit a record $4.81 billion, up 48% year-over-year.
• Adjusted EPS reached $0.63, well above guidance.

Chipotle saw a 6.4% increase in total revenue driven by new restaurant openings, though comparable sales dipped slightly. Net income rose year-over-year, and digital sales remained a strong contributor.

• Revenue grew to $2.9 billion, up from $2.7 billion last year.
• EPS reached $0.28, with adjusted EPS at $0.29.

General Dynamics delivered a robust performance in Q1 2025, driven by exceptional growth in its Aerospace segment and overall margin expansion. EPS surged and operating income grew significantly, supported by strength across all business units.

• EPS increased to $3.66, with net income reaching $994 million.
• Revenue rose 13.9% year-over-year to $12.223 billion.

O'Reilly Automotive delivered strong Q1 2025 results, with record-high revenue and solid comparable store sales growth. Despite a slight decline in net income and operating income year-over-year, EPS increased due to share repurchases. Continued investment in store expansion and robust operating cash flow marked the quarter.

• Revenue reached $4.14 billion, up from $3.98 billion in Q1 2024.
• Comparable store sales grew 3.6%, driven by both professional and DIY segments.

Norfolk Southern delivered strong operational performance in Q1 2025, achieving adjusted EPS growth and an improved operating ratio, while reaffirming full-year guidance amid economic uncertainty.

• Adjusted EPS rose 8% YoY, reaching $2.69 after excluding the Eastern Ohio incident.
• Revenue totaled $3.0 billion, with growth in volumes offsetting lower fuel surcharge revenues.

United Rentals had a strong start to 2025 with record Q1 revenue of $3.719B and adjusted EBITDA of $1.671B, driven by demand across key sectors and supported by a solid capital position and a new $1.5B share repurchase program.

• Achieved record first-quarter revenue of $3.719 billion, up from $3.485 billion YoY.
• Adjusted EBITDA reached $1.671 billion, boosted by a $52 million merger termination benefit.

Newmont delivered record first quarter free cash flow of $1.2 billion and generated net income of $1.9 billion, backed by strong gold prices and successful asset divestitures.

• Generated record Q1 free cash flow of $1.2 billion.
• Sold non-core assets generating over $2.5 billion in after-tax cash proceeds.

Waste Connections exceeded its outlook for Q1 2025 with strong revenue, solid net income, and record adjusted EBITDA margin, bolstered by pricing strength and acquisitions.

• Revenue reached $2.228 billion, surpassing expectations.
• Net income came in at $241.5 million, with adjusted EPS of $1.13.

The company delivered a strong start to 2025, with notable growth in TMTT and steady gains in TAVR. EPS and net income improved, bolstered by product adoption and operational efficiency.

• Revenue grew to $1.41 billion, a 6.2% increase year-over-year.
• Transcatheter Mitral and Tricuspid Therapies (TMTT) surged 58% to $115 million.

Otis delivered mixed Q1 results, with GAAP EPS down due to restructuring and separation costs, but adjusted EPS and Service operations showed strength. Modernization orders and backlog growth point to a solid outlook.

• GAAP EPS dropped 29% to $0.61 due to one-time charges; adjusted EPS rose 5% to $0.92.
• Service segment saw 4% organic growth with margin expansion of 40 bps.

Vertiv delivered a robust Q1 performance marked by a 24% revenue increase and strong adjusted EPS, driven by heightened demand for AI infrastructure and solid execution across regions.

• Revenue grew 24% YoY to $2.036 billion, with organic growth at 25%
• Adjusted EPS rose to $0.64, reflecting improved operational performance

ResMed delivered a solid third quarter for FY2025, with revenue reaching $1.29 billion, driven by sustained demand across devices, masks, and SaaS offerings. The company saw improvements in gross margins and profitability, supported by efficient operations and favorable product mix.

• Revenue grew to $1.29 billion, an 8% increase year-over-year.
• Net income rose to $365 million, reflecting robust demand and margin gains.

Las Vegas Sands posted a net revenue of $2.86 billion and net income of $408 million in Q1 2025. While the company faced headwinds in Macao, Marina Bay Sands delivered strong performance. Shareholder returns were bolstered by significant buybacks and consistent dividends.

• Net revenue was $2.86B, a slight decrease from the previous year.
• Net income declined to $408M from $583M in Q1 2024.

Tyler Technologies delivered a strong first quarter with 10.3% revenue growth and a 49.6% surge in GAAP net income, highlighting robust demand in SaaS and transaction-based services.

• Total revenue rose to $565,165,000, driven by strong SaaS performance.
• GAAP net income grew 49.6% YoY to $81,052,000.

Rollins reported solid performance for Q1 2025, with revenues growing nearly 10%, net income rising over 11%, and free cash flow up by more than 16%. The company saw continued momentum across residential, commercial, and termite service lines.

• Revenue rose to $822,504,000, up 9.9% from Q1 2024.
• Net income reached $105,248,000, an 11.5% increase year-over-year.

Lennox delivered $1.1 billion in revenue and maintained solid earnings, but experienced a decline in segment profit and net income due to product cost inflation and transition inefficiencies.

• Revenue rose 2% year-over-year to $1.1 billion, driven by pricing and product mix.
• Net income decreased to $120.3 million from $124.3 million a year earlier.

Watsco posted a slight decline in revenue and net income in Q1 2025 amid the early stages of a large-scale product transition to A2L refrigerants. While U.S. replacement market sales were strong, weakness in other end-markets and seasonal headwinds impacted overall performance.

• Revenue declined 2% YoY to $1.53 billion due to product transition and international softness.
• Net income attributable to Watsco was $80.1 million, down from $87 million in Q1 2024.

Southwest Airlines posted a Q1 net loss of $149 million despite achieving record revenue of $6.4 billion, driven by improved yields and cost efficiencies. Domestic leisure softness and inflationary pressures impacted results.

• Recorded $6.4 billion in revenue, a Q1 record
• Net loss of $149 million despite operational cost efficiencies

Carlisle Companies delivered stable revenue and strong adjusted EPS in Q1 2025, bolstered by acquisitions and strategic focus, despite headwinds from the residential construction slowdown and adverse winter conditions.

• Revenue held steady at $1.1 billion, essentially flat year-over-year.
• Adjusted EPS reached $3.61, supported by acquisitions and margin control.

Molina Healthcare posted a strong Q1 2025 performance, driven by a 12% year-over-year increase in premium revenue and continued growth across its Medicaid, Medicare, and Marketplace segments. The company reaffirmed its full-year guidance and maintained cost efficiency despite pressures from Medicaid redeterminations.

• Premium revenue rose to $10.628 billion, up 12% YoY.
• Adjusted EPS reached $6.08, a 6% increase YoY.

Masco's Q1 2025 performance reflected challenges from new tariffs and shifting economic conditions, with a 6% drop in revenue and a 10% decrease in net income, though adjusted margins remained strong.

• Revenue declined 6% year-over-year to $1.801 billion.
• Adjusted EPS held steady at $0.87 despite earnings pressure.

Avery Dennison delivered in-line Q1 2025 results, maintaining solid performance across its Materials and Solutions Groups. Despite a slight decrease in net income, organic sales and adjusted EPS improved modestly, showcasing resilience in a dynamic market environment.

• Adjusted EPS increased to $2.30, reflecting steady profitability.
• Organic sales rose by 2.3%, driven by growth in high-value segments.

Reliance, Inc. delivered strong profitability in Q1 2025, driven by healthy demand, despite lower average selling prices. The company reported $3.64 billion in revenue, with GAAP EPS at $5.40 and adjusted EPS at $3.77. Net income reached $319.3 million.

• Revenue reached $3.64 billion, reflecting steady demand across key sectors.
• GAAP EPS was $5.40 while adjusted EPS came in at $3.77.

Rogers delivered modest growth in Q1 2025 with EPS and revenue slightly ahead of expectations. Wireless and Media segments showed strength, while Cable faced competitive headwinds.

• Revenue grew 2% YoY to CAD 4.976 billion, supported by wireless and media performance.
• Net income rose 9% to CAD 280 million, reflecting higher EBITDA and cost efficiencies.

Graco delivered strong top-line growth in Q1 2025, with revenue up 7% and net income of $124.1M. Sales grew across all segments and regions, led by contributions from acquisitions and semiconductor-related demand.

• Total revenue rose 7% year-over-year to $528.3 million.
• Net income reached $124.1 million, up from $122.2 million a year earlier.

UMC delivered stable Q1 2025 results, driven by strong 22nm demand. Despite a decline in gross margin and net income quarter-over-quarter, the company maintained solid operational efficiency and inaugurated a new fab in Singapore to expand future 22nm capacity.

• 22nm revenue jumped 46% QoQ, now making up 37% of total sales.
• Net income was $234 million despite a 4.2% drop in revenue compared to Q4 2024.

RenaissanceRe experienced a challenging quarter due to $702.8M in net losses from major events like the California Wildfires but managed to deliver positive net income and strong investment gains.

• Reported net income of $161.1 million despite $702.8 million in catastrophe-related losses.
• Operating loss of $69.8 million with a diluted operating EPS of -$1.49.

Stifel Financial Corp. delivered its highest-ever Q1 revenue at $1.26 billion, supported by strong asset management and investment banking results. However, net income dropped significantly compared to last year due to elevated legal expenses.

• Revenue reached a Q1 record of $1.26 billion, up from $1.16 billion a year ago.
• Net income plunged to $43.7 million from $154.3 million last year due to legal provisions.

Penumbra, Inc. delivered solid Q1 2025 results driven by strong thrombectomy product performance in the U.S., achieving significant revenue growth and expanding profitability metrics.

• Revenue grew 16.3% YoY to $324.1 million, driven by U.S. thrombectomy product sales.
• Net income rose to $39.2 million, up from $11.0 million a year ago.

Knight-Swift posted solid Q1 2025 results with significant improvement in net income and adjusted EPS. The Truckload segment achieved a notable operational turnaround, while the Logistics and LTL segments also recorded revenue growth. However, headwinds from weather disruptions and integration costs affected LTL margins.

• Net income reached $30.6 million, recovering from a loss in Q1 2024.
• Adjusted EPS increased to $0.28 from $0.12 year-over-year.

Lithia & Driveway delivered strong Q1 2025 results with record-high revenue of $9.2 billion and significant year-over-year growth in EPS and net income. The company saw gains across new vehicle sales, aftersales services, and finance operations, showcasing the strength of its diversified business model.

• Achieved all-time high first quarter revenue of $9.2 billion.
• Net income rose to $211 million, up 28% from Q1 2024.

CACI delivered solid financial results in Q3 2025 with 11.8% revenue growth, improved free cash flow, and a strong pipeline of new contracts, supporting a raised full-year outlook.

• Revenue rose 11.8% YoY to $2.17 billion, driven by organic growth and acquisitions.
• Adjusted EPS grew 8.5% YoY to $6.23, reflecting operational efficiency and share repurchases.

Alaska Air Group reported a net loss of $166 million for the first quarter of 2025, with an adjusted net loss of $95 million. Despite economic uncertainty, the company improved its adjusted pretax margin by 7 points year-over-year on a pro forma basis. Capacity grew by 3.9% and total revenue increased by 9.0% year-over-year, driven by strong unit revenue performance.

• Adjusted pretax loss improved by $190 million from Q1 2024 to $140 million in Q1 2025 on a pro forma basis.
• Total operating revenue increased by 41% to $3,137 million compared to Q1 2024.

EastGroup Properties delivered a stable Q1 2025 with notable leasing activity, strong growth in adjusted FFO per share, and positive rental rate increases across its portfolio.

• EPS was $1.14, slightly down due to lack of property sales this quarter.
• Adjusted EPS (FFO) increased to $2.12 per diluted share, up from $1.98 last year.

Prosperity Bancshares delivered a solid Q1 2025 performance, achieving higher net income and EPS, supported by margin expansion and strong asset quality.

• Net income rose to $130,225,000, up from $110,400,000 in Q1 2024.
• EPS increased to $1.37, reflecting improved profitability.

Matador Resources delivered a robust Q1 2025 with significant year-over-year growth in production, revenue, and profitability. The company achieved record oil and natural gas production, announced a $400 million share repurchase program, and continued to improve cost efficiencies.

• Total production rose 33% YoY to 198,631 BOE per day.
• EPS reached $1.92, with adjusted EPS at $1.99.

Popular, Inc. posted net income of $177.5 million for Q1 2025, supported by higher net interest income and improved credit quality. The bank showed resilience with increased deposits and continued investments in transformation efforts.

• Net income remained steady at $177.5 million, showing resilience despite economic volatility.
• Net interest income rose to $605.6 million, driven by higher yields and improved deposit mix.

Whirlpool saw margin recovery in Q1 2025, reporting $71M in net income and positive EPS. Despite a revenue decline due to the Europe divestiture, organic sales grew, and operational efficiency improved across several segments.

• Net income of $71M, reversing a $259M loss from Q1 2024.
• EPS reached $1.28 with ongoing EPS of $1.70.

Robert Half's Q1 2025 results reflected a cautious economic environment with reduced hiring and project delays. Revenue and net income both decreased year-over-year, influenced by macroeconomic uncertainty and elongated client decision cycles.

• Revenue dropped to $1.352 billion from $1.476 billion in Q1 2024.
• Net income fell significantly to $17 million from $64 million the year prior.

Taylor Morrison delivered $1.9 billion in revenue and $213 million in net income for Q1 2025, buoyed by a 12% increase in home closings. Despite a year-over-year dip in net sales orders, margins remained firm, with adjusted EPS rising to $2.18.

• Achieved 3,048 home closings, up 12% YoY, generating $1.83 billion in revenue.
• Adjusted gross margin improved to 24.8% from 24.0% YoY.

Mr. Cooper delivered solid Q1 2025 results with $88 million in net income and $193 million in operating income, supported by a growing servicing portfolio and the announced merger with Rocket Companies.

• Net income reached $88 million for the quarter.
• Operating income was reported at $193 million.

Ryder posted solid Q1 2025 results with strong performance in its contractual businesses, achieving growth in adjusted EPS and revenue despite challenges in rental and used vehicle sales.

• Adjusted EPS rose to $2.46 from $2.14, supported by higher contractual earnings.
• Revenue reached $3.1 billion, up 1% year-over-year.

TFI International experienced a year-over-year decline in earnings and net income in Q1 2025 due to reduced volumes from weaker end market demand. However, the company showed resilience with strong free cash flow, increased revenue from strategic acquisitions, and continued capital returns to shareholders.

• Net income dropped to $56.0M from $92.8M year-over-year.
• Revenue rose to $1.96B, aided by the acquisition of Daseke.

RLI Corp. delivered profitable results in Q1 2025, with strong underwriting performance and investment income gains. Net earnings fell year-over-year due to lower unrealized equity gains, but operational metrics remained resilient.

• Net income dropped to $63.2M due to lower unrealized equity gains.
• Operating earnings remained stable at $84.9M.

First American Financial posted solid Q1 2025 results, with net income rising to $74.2M and adjusted EPS of $0.84, supported by robust commercial revenue and improved margins across its segments.

• Total revenue reached $1.5823 billion, up from $1.4246 billion last year
• Net income rose to $74.2 million with adjusted EPS of $0.84

Element Solutions Inc delivered solid performance in Q1 2025 with net income up 75% year-over-year, aided by strong Electronics revenue growth and strategic debt reduction through asset divestiture.

• Net income increased 75% YoY to $98 million.
• Electronics segment posted 10% organic net sales growth.

Columbia Banking System delivered stable performance in Q1 2025 with increased customer deposits, steady net interest margin, and strong operating earnings, despite facing legal and severance expenses.

• Net income was $86,609,000, with operating income reaching $139,773,000.
• Customer deposits increased by $497,000,000, driven by a successful small business campaign.

GATX Corporation delivered a strong first quarter in 2025, driven by high fleet utilization across its global rail segments, $30M+ in remarketing income, and a solid performance in engine leasing. Net income rose slightly from the prior year, affirming the company’s stability and strategic positioning.

• Fleet utilization in Rail North America hit 99.2% and boxcars were at 99.8%
• Remarketing income exceeded $30 million, supporting net income growth

Selective Insurance delivered a strong first quarter, reporting $1.76 in EPS and net income of $107.6 million. The company improved its combined ratio and grew premiums across core segments, while investment income rose significantly year-over-year.

• EPS and Non-GAAP EPS both came in at $1.76, up from $1.31 and $1.33 respectively.
• Net premiums written increased 7% year-over-year to $1.24 billion.

Essential Properties posted strong Q1 2025 performance, with consistent EPS growth, high occupancy, and $307.7M in new investments while maintaining a resilient portfolio despite economic uncertainty.

• EPS of $0.29 and Adjusted EPS of $0.45 for Q1 2025.
• Revenue reached $129,354,000 driven by rental and interest income.

The company delivered robust performance driven by Industrial segment strength and strong operational execution, achieving record adjusted EPS despite a GAAP tax charge.

• Net sales reached $4.1 billion, growing 4% YoY on a reported basis.
• Adjusted EPS of $2.10 marked a company record.

Moelis & Company delivered robust first-quarter performance, posting 41% revenue growth and a strong net income, underpinned by a tax benefit and strategic hiring.

• Revenue rose 41% YoY to $306,593,000, driven by M&A and capital markets activity.
• Net income reached $53,775,000, boosted by a $0.28/share tax benefit.

Vista Energy delivered a solid quarter with 38% revenue growth year-over-year and a 25% increase in Adjusted EBITDA, supported by increased oil production and cost efficiencies from new infrastructure.

• Total revenue reached $438,500,000, driven by a 47% increase in oil production year-over-year.
• EPS came in at $0.86, while Adjusted EPS was $0.79.

NewMarket delivered solid financial results in Q1 2025, driven by higher net income and strong EPS. While petroleum additives saw a decline in sales and shipments, the specialty materials segment posted a major turnaround. The company also reduced net debt and continued share repurchases.

• Net income grew to $125.9M, with EPS of $13.26.
• Specialty materials segment turned profitable with $23.2M in operating profit.

Euronet had a strong Q1 2025, driven by double-digit growth in adjusted operating income and continued expansion of its global payment network. All business segments contributed positively, especially the Money Transfer segment, which saw notable increases in revenue and profitability.

• Revenue reached $915.5 million, up from $857.0 million in Q1 2024.
• Operating income grew 18% to $75.2 million compared to the prior year.

ASGN delivered $968.3M in revenue and $20.9M in net income in Q1 2025. IT consulting made up a strong 61% of total revenues. The company completed the acquisition of TopBloc and appointed a new president, signaling strategic momentum.

• Revenue for Q1 2025 reached $968.3M, with strong IT consulting performance.
• Net income was $20.9M and operating income came in at $46.6M.

Plexus delivered $980 million in revenue for Q2 2025, with GAAP EPS of $1.41 and non-GAAP EPS of $1.66. Net income reached $39.1 million, and the company generated positive free cash flow while securing significant new program wins.

• Revenue reached $980 million, in line with guidance.
• Non-GAAP EPS of $1.66 exceeded guidance, driven by strong operational efficiency.

Viking Therapeutics posted a net loss in Q1 2025 with no revenues recorded, driven by increased R&D and G&A expenses. The company highlighted significant progress in its VK2735 development programs and maintained a robust cash balance of $852 million.

• Net loss increased to $45.6 million due to higher R&D and G&A expenses.
• No revenue was reported for the quarter.

Travel + Leisure delivered a robust Q1 2025, driven by growth in its vacation ownership segment and enhanced guest engagement through digital platforms. The company achieved higher adjusted EBITDA and maintained strong shareholder returns.

• Net income reached $73 million, with adjusted EPS at $1.11.
• Vacation ownership revenue grew by 4% year-over-year.

Impinj delivered solid results in Q1 2025 with revenue and adjusted earnings surpassing expectations. Despite reporting a GAAP net loss, strong non-GAAP earnings and positive adjusted EBITDA underscored resilient operations and effective cost management.

• Revenue reached $74.3 million, exceeding guidance.
• GAAP net loss was $8.5 million, while non-GAAP net income came in at $6.3 million.

Western Union's Q1 2025 results showed a 6% drop in revenue to $983.6 million, largely driven by a sharp decline in Iraq-related revenue. Net income also fell 13% year-over-year. However, the Branded Digital segment maintained strong momentum, with 14% transaction growth and 7% revenue growth. The company reaffirmed its full-year guidance, indicating confidence in strategic execution.

• Revenue declined 6% to $983.6 million, primarily due to reduced contribution from Iraq.
• Branded Digital revenue grew 7% with 14% increase in transactions.

First Hawaiian, Inc. started 2025 on a strong note with an increase in net interest income and effective cost control, despite slight declines in loans and deposits. Credit quality remained solid, and noninterest income rebounded due to the absence of prior quarter's investment losses.

• Net income rose to $59.2 million, or $0.47 per diluted share.
• Net interest income increased to $160.5 million.

Virtu Financial delivered a robust first quarter in 2025, with adjusted net trading income reaching $497.14 million and net income up to $189.6 million. The firm demonstrated operational efficiency with a 64.4% adjusted EBITDA margin and continued shareholder returns through buybacks.

• Adjusted Net Trading Income rose to $497.14M, up 35.5% YoY
• Adjusted EBITDA reached $319.94M with a 64.4% margin

Patterson-UTI Energy posted $1.3 billion in revenue and marginal net income in Q1 2025, reflecting balanced operational execution across segments, particularly in Drilling Services and Completion Services.

• Revenue reached $1.3 billion for the quarter.
• Net income attributable to common stockholders was $1 million.

The St. Joe Company achieved a 26% increase in net income attributable to the Company, reaching $17.5 million, and a 7% increase in total revenue to $94.2 million for the first quarter of 2025, marking its highest first quarter revenue outside of the 2014 timberland sale. This growth was driven by strong performance in real estate, leasing, and hospitality segments.

• Net income attributable to the Company increased by 26% to $17.5 million from $13.9 million in the prior year.
• Total revenue grew by 7% to $94.2 million, the highest first quarter revenue excluding the 2014 timberland sale.

Banc of California, Inc. reported net earnings available to common and equivalent stockholders of $43.6 million, or $0.26 per diluted common share, for the first quarter of 2025. The company also announced an upsize of its stock repurchase program to $300 million.

• Total loans grew by 6% annualized, or $344.9 million, driven by increases in nearly all loan segments.
• Net interest margin increased by 4 basis points to 3.08%, primarily due to lower average costs of deposits.

QuantumScape continued to advance its battery technology in Q1 2025, commencing shipments of QSE-5 samples to its launch customer and making significant progress on its Cobra separator process, which is ahead of schedule. The company reported a net loss of $114.4 million and an adjusted EBITDA loss of $64.6 million, in line with expectations, and maintained its full-year guidance for both capex and adjusted EBITDA loss.

• QSE-5 samples have begun shipping to the prospective launch customer for module and systems-level integration and testing.
• The Raptor separator process is exceeding key internal benchmarks for yield and quality, powering current customer shipments and development activities.

Oceaneering International, Inc. reported a robust first quarter 2025, with revenue increasing 13% year-over-year to $675 million. Operating income doubled to $73.5 million, and net income surged 233% to $50.4 million. Adjusted EBITDA reached $96.7 million, a 57% increase from the prior year, driven by strong performances in Subsea Robotics and Offshore Projects Group.

• Revenue increased 13% year-over-year to $675 million.
• Operating income doubled to $73.5 million, a 100% increase year-over-year.

Goosehead Insurance, Inc. reported a strong first quarter in 2025, with total revenues increasing by 17% to $75.6 million and net income rising by 46% to $2.6 million. Adjusted EBITDA also saw a substantial increase of 32% to $15.5 million, reflecting improved profitability and operational efficiency.

• Total Revenues grew 17% over the prior-year period to $75.6 million in the first quarter of 2025.
• Net income increased 46% to $2.6 million, with EPS rising to $0.09 per share.

Century Communities reported a net income of $39.4 million and total revenues of $903.2 million for the first quarter of 2025. Diluted EPS was $1.26, with adjusted diluted EPS at $1.36. The company delivered 2,284 homes and secured 2,692 net new home contracts, while maintaining a strong balance sheet with $2.6 billion in stockholders' equity.

• Net income for Q1 2025 was $39.4 million, a decrease from $64.3 million in Q1 2024.
• Total revenues for Q1 2025 were $903.2 million, down from $948.5 million in Q1 2024.

OFG Bancorp reported diluted EPS of $1.00 and total core revenues of $178.3 million for Q1 2025. The company saw growth in customer deposits and loans, improved consumer credit, and repurchased $23.4 million in common shares.

• Diluted EPS was $1.00, compared to $1.09 in 4Q24 and $1.05 in 1Q24.
• Total core revenues reached $178.3 million, a decrease from $181.9 million in 4Q24 but an increase from $174.2 million in 1Q24.

Sangoma Technologies Corporation reported first quarter fiscal 2025 revenue of $60.15 million, slightly below its guided range, and Adjusted EBITDA of $9.814 million, at the high end of its guidance. The company's operating cash flow increased by 55% year-over-year to $12.127 million, and it reaffirmed its fiscal 2025 guidance.

• Revenue for Q1 FY2025 was $60.15 million, just below the guided range of $61.0 million to $62.0 million.
• Adjusted EBITDA for Q1 FY2025 was $9.814 million, at the high end of the guided range of $9.0 million to $10.0 million.

PROG Holdings, Inc. announced its first quarter 2025 financial results, reporting consolidated revenues of $684.1 million, a 6.6% increase from the prior year, and net earnings of $34.7 million. Adjusted EBITDA for the quarter was $70.3 million. Diluted EPS was $0.83, while non-GAAP diluted EPS was $0.90.

• Consolidated revenues increased by 6.6% year-over-year to $684.1 million.
• Net earnings for the quarter were $34.7 million, up from $22.0 million in the prior year period.

Getty Realty Corp. delivered a steady performance in Q1 2025, achieving 3.5% AFFO per share growth, maintaining strong portfolio metrics, and effectively managing its balance sheet by addressing all 2025 debt maturities.

• Net earnings per share for Q1 2025 were $0.25.
• The company invested $10.9 million across six properties at a 7.8% initial cash yield.

Live Oak Bancshares, Inc. reported net income attributable to the Company of $9.7 million, or $0.21 per diluted share, for the first quarter of 2025. This represents a decrease from the fourth quarter of 2024, primarily due to a decline in pre-provision net revenue and increased provision expense for credit losses, despite strong loan and deposit growth.

• Net income attributable to Live Oak Bancshares, Inc. was $9.7 million, or $0.21 per diluted share, for Q1 2025.
• Total revenue for Q1 2025 was $126.113 million, a 1.5% decline from Q4 2024.

MaxLinear, Inc. reported a net revenue of $95.9 million for the first quarter of 2025, showing a 4% sequential increase and a 1% year-over-year increase. The company achieved a GAAP gross margin of 56.1% and a non-GAAP gross margin of 59.1%. Despite a net loss of $49.7 million, the company made progress in reducing non-GAAP operating expenses and is working towards profitability and positive cash flow in Q2 2025.

• Net revenue for Q1 2025 was $95.9 million, up 4% sequentially and 1% year-over-year.
• GAAP gross margin was 56.1%, and non-GAAP gross margin was 59.1%.

Veris Residential, Inc. reported strong operational results for Q1 2025, with a year-over-year Same Store NOI growth of 3.2% and a Blended Net Rental Growth Rate of 2.4%. The company also advanced its corporate plan by selling $45 million in non-strategic assets and consolidating its interest in the Jersey City Urby joint venture, now rebranded as 'Sable', which is expected to generate over $1 million in annualized synergies.

• Same Store multifamily Blended Net Rental Growth Rate increased by 2.4% year-over-year.
• Same Store NOI growth was 3.2% year-over-year.

Helix Energy Solutions Group, Inc. reported net income of $3.1 million for the first quarter of 2025, a significant improvement from a net loss of $26.3 million in the first quarter of 2024. Adjusted EBITDA for the quarter was $52.0 million. Revenues for the quarter were $278.1 million.

• Net income for Q1 2025 was $3.1 million, or $0.02 per diluted share, compared to a net loss of $26.3 million in Q1 2024.
• Adjusted EBITDA for Q1 2025 was $52.0 million, up from $47.0 million in Q1 2024.

IMAX Corporation delivered a strong start to 2025 with Q1 revenues of $86.7 million, a 10% increase year-over-year, and net income of $8.2 million, up 52% year-over-year. The company also achieved a record Q1 box office of $298 million and significant growth in system signings and installations.

• Global entertainment platform delivered strong start to 2025 with Q1 Revenues of $86.7 million (+10% YoY), Net Income of $8.2 million (+52% YoY) at a 9% margin and Total Adjusted EBITDA of $37.0 million (+15% YoY) at a 43% margin.
• Demand for The IMAX Experience® is accelerating with significant systems growth in Q1 driven by system signings of 95 (+87 systems YoY) and system installations of 21 (+40% YoY).

Origin Bancorp, Inc. reported solid results for the first quarter of 2025, with net income increasing to $22.4 million, up 57.0% from the linked quarter. The diluted EPS was $0.71, and the net interest margin expanded by 11 basis points. The company's 'Optimize Origin' initiative is progressing well, aiming for sustainable elite-level financial performance.

• Net income for Q1 2025 was $22.4 million, a significant increase of 57.0% compared to the linked quarter.
• Diluted earnings per share (EPS) for Q1 2025 was $0.71, up from $0.46 in the linked quarter.

Kaiser Aluminum Corporation reported a net income of $18.2 million for the first quarter of 2024, with basic EPS of $1.13. The company also announced a change in its inventory accounting methodology from LIFO to weighted average cost, effective January 1, 2025, which is expected to improve comparability of operational results.

• Kaiser Aluminum Corporation will release its first quarter 2025 financial results on Wednesday, April 23, 2025, after market close.
• A conference call will be held on Thursday, April 24, 2025, at 10:00 a.m. Eastern Time to discuss the results.

Brookline Bancorp, Inc. announced net income of $19.1 million for the first quarter of 2025, with diluted earnings per share of $0.21. Operating earnings after tax were $20.0 million, or $0.22 per diluted share. The company saw a decrease in total assets primarily due to reductions in cash and cash equivalents and loans, while total deposits increased.

• Net income for Q1 2025 was $19.1 million, an increase from $14.7 million in Q1 2024.
• Operating earnings after tax for Q1 2025 were $20.0 million, up from $14.7 million in Q1 2024.

Amerant Bancorp Inc. reported a net income attributable to the Company of $12.0 million for the first quarter of 2025, or $0.28 income per diluted share. This is a decrease compared to the fourth quarter of 2024, which saw a net income of $16.9 million, or $0.40 income per diluted share. The company highlighted solid deposit growth and strong pre-provision net revenue, while loans remained relatively flat.

• Net income attributable to the Company was $12.0 million, or $0.28 income per diluted share, in Q1 2025.
• Total assets increased by $268.0 million, or 2.7%, to $10.2 billion compared to $9.9 billion in 4Q24.

Univest Financial Corporation announced net income of $22.4 million, or $0.77 diluted earnings per share, for the quarter ended March 31, 2025, up from $20.3 million, or $0.69 diluted earnings per share, for the same period in 2024. The company also increased its quarterly cash dividend by 4.8% to $0.22 per share.

• Net income increased by 10.3% to $22.4 million in Q1 2025 compared to Q1 2024.
• Diluted earnings per share rose to $0.77, up from $0.69 in the prior year's quarter.

Old Second Bancorp, Inc. reported a net income of $19.8 million, or $0.43 per diluted share, for the first quarter of 2025. This represents an increase from the fourth quarter of 2024 but a decrease compared to the first quarter of 2024. Adjusted net income was $20.6 million, or $0.45 per diluted share.

• Net income increased by $720,000 compared to the fourth quarter of 2024, primarily due to a decrease in provision for credit losses and interest expense.
• Adjusted net income for Q1 2025 was $20.6 million, an increase of $639,000 from the adjusted net income of Q4 2024.

Healthcare Services Group, Inc. reported a strong first quarter for 2025, with revenue increasing by 5.7% over the prior year to $447.7 million. Net income was $17.2 million, and diluted EPS was $0.23. The company also saw a significant increase in cash flow from operations, reaching $27.5 million, or $32.1 million excluding changes in payroll accrual.

• Revenue increased by 5.7% to $447.7 million compared to the prior year.
• Net income was $17.2 million, with diluted EPS at $0.23.

Eagle Bancorp, Inc. reported net income of $1.7 million for the first quarter of 2025, a substantial decrease from $15.3 million in the prior quarter. This decline was mainly driven by a $14.1 million increase in provision expense and a $5.1 million decrease in net interest income, partially offset by a $4.1 million increase in noninterest income. The company also announced a cash dividend of $0.165 per share.

• Net income for Q1 2025 was $1.7 million, down from $15.3 million in Q4 2024.
• Diluted EPS for Q1 2025 was $0.06, a decrease from $0.50 in Q4 2024.

Central Pacific Financial Corp. reported net income of $17.8 million, or $0.65 per diluted share, for the first quarter of 2025. The company saw a meaningful increase in net interest income and net interest margin, alongside improved asset quality with lower net charge-offs.

• Net income for Q1 2025 was $17.8 million, or $0.65 per diluted share.
• Net interest margin increased by 14 basis points to 3.31% from the previous quarter.

Capitol Federal Financial, Inc. reported net income of $15.4 million for the quarter ended March 31, 2025, consistent with the prior quarter. The net interest margin improved to 1.92% due to a decrease in the cost of deposits. The company also announced a cash dividend of $0.085 per share.

• Net income for the current quarter was $15.4 million, unchanged from the prior quarter.
• Basic and diluted earnings per share were $0.12.

Horizon Bancorp, Inc. reported a net income of $23.9 million, or $0.54 per diluted share, for the first quarter of 2025. This marks a significant improvement from a net loss of $10.9 million in the previous quarter and an increase from $14.0 million in the first quarter of 2024. The company saw its net interest margin expand for the sixth consecutive quarter to 3.04%, strong organic commercial loan growth, and a more efficient expense base.

• Net income for Q1 2025 was $23.9 million, a significant increase from a net loss of $10.9 million in Q4 2024 and $14.0 million in Q1 2024.
• Diluted earnings per share for Q1 2025 were $0.54, up from a loss of $0.25 in Q4 2024 and earnings of $0.32 in Q1 2024.

KKR Real Estate Finance Trust Inc. reported a net loss attributable to common stockholders of $10.6 million, or $0.15 per diluted share, for the first quarter of 2025. However, Distributable Earnings were positive at $17.0 million, or $0.25 per diluted share, a significant improvement from a distributable loss in the prior quarter. The company also highlighted strong liquidity and strategic financing activities.

• Net loss attributable to common stockholders was ($10.6) million, or ($0.15) per diluted share.
• Distributable Earnings were $17.0 million, or $0.25 per diluted share, a positive shift from the previous quarter's loss.

Covenant Logistics Group reported a decrease in total revenue and adjusted earnings per diluted share for the first quarter of 2025, primarily due to sub-par equipment utilization caused by inclement weather and avian influenza outbreaks. Despite this, the company remains confident in its strategy, expecting modest rate increases in Expedited, higher margins in Managed Freight, and revenue growth in Dedicated, Managed Freight, and Warehousing divisions for the second quarter.

• Total revenue decreased by 3.4% to $269.355 million compared to the prior year quarter.
• Adjusted earnings per diluted share decreased to $0.32 from $0.42 in the prior year quarter.

Community Health Systems, Inc. reported net operating revenues of $3.159 billion for the first quarter of 2025, a slight increase from the previous year. The company significantly reduced its net loss attributable to stockholders to $(13) million, or $(0.10) per diluted share, compared to $(41) million in the same period of 2024. Adjusted EBITDA was $376 million, and net cash provided by operating activities increased to $120 million.

• Net operating revenues increased to $3.159 billion, up 0.6% from the prior year.
• Net loss attributable to stockholders significantly decreased to $(13) million, or $(0.10) per diluted share, from $(41) million in Q1 2024.

Bridgewater Bancshares, Inc. reported a net income of $9.6 million for the first quarter of 2025, with diluted earnings per common share of $0.31. The company experienced significant loan growth, with gross loans increasing by $151.6 million, and total deposits increasing by $75.7 million, both on an annualized basis. Net interest income also saw a substantial increase of 12.0% from the previous quarter, driven by lower deposit costs and higher loan yields.

• Net income for Q1 2025 was $9.6 million, or $0.31 per diluted common share.
• Gross loans increased by $151.6 million, or 15.9% annualized, from the fourth quarter of 2024.

Colony Bankcorp reported a net income of $6.6 million, or $0.38 per diluted share, for the first quarter of 2025. This represents an increase from $5.3 million, or $0.30 per diluted share, in the first quarter of 2024. The company saw strong loan and deposit growth, with total loans increasing by $78.3 million and total deposits increasing by $54.6 million from the prior quarter.

• Net income for Q1 2025 was $6.6 million, an increase from $5.3 million in Q1 2024.
• Diluted earnings per share for Q1 2025 were $0.38, up from $0.30 in Q1 2024.

First Internet Bancorp reported a net income of $0.9 million and diluted earnings per share of $0.11 for the first quarter of 2025. The company saw solid core revenue growth, net interest margin expansion, and continued momentum in operating revenues, driven by higher yields on earning assets and reduced funding costs.

• Net income for Q1 2025 was $0.9 million, with diluted earnings per share of $0.11.
• Pre-tax, pre-provision income increased by 10.8% from Q4 2024 and 48.5% from Q1 2024, reaching $12.0 million.