Reports

Equinor delivered solid financial results in Q1 2025, with increased operating income and strong cash flow, supported by higher realized gas prices and the start-up of key fields in Norway.

• Net income reached $2.63 billion with adjusted EPS of $0.66.
• Revenue totaled $29.92 billion, driven by strong gas and crude sales.

Visa reported a 9% increase in net revenue to $9.6 billion, driven by growth in payments volume, cross-border volume, and processed transactions. GAAP net income was $4.6 billion, a 2% decrease from the prior year, while non-GAAP net income rose 6% to $5.4 billion. The company also announced a new $30 billion share repurchase program.

• Net revenue increased 9% to $9.6 billion, with 11% growth on a constant-dollar basis.
• GAAP net income decreased 2% to $4.6 billion, while non-GAAP net income rose 6% to $5.4 billion.

The company achieved 2% global unit case volume growth and 6% organic revenue growth, with EPS rising 5% year-over-year.

• Global unit case volume grew 2%, led by India, China, and Brazil.
• Organic revenues increased by 6%, despite a 2% decline in reported net revenues.

AstraZeneca posted a strong Q1 2025 with double-digit revenue growth driven by Oncology and BioPharmaceuticals, alongside five positive Phase III study readouts and expanded US manufacturing investments.

• Total revenue rose 10% at constant exchange rates to $13.588 billion.
• Reported EPS was $1.88, while Core (Adj.) EPS increased to $2.49.

S&P Global reported solid first quarter results with revenue and net income growth driven by strength in its Ratings and Indices divisions. The company also announced plans to spin off its Mobility division.

• Revenue reached a record $3.777 billion, up 8% year-over-year.
• Net income rose 10% to $1.090 billion.

Booking Holdings posted 8% revenue growth to $4.8B with 7% growth in room nights and gross bookings, while GAAP net income declined 57% due to higher interest expenses and one-time items. Adjusted EBITDA grew 21% with strong free cash flow generation of $3.2B.

• Revenue grew 8% to $4.8B (10% constant currency)
• GAAP EPS declined 55% to $10.07 while Adjusted EPS grew 22% to $24.81

Pfizer posted a strong adjusted EPS and net income despite a revenue decrease driven by lower Paxlovid sales. Cost-saving initiatives and R&D productivity improvements bolstered performance.

• First-quarter revenues totaled $13715000000, down 8% year-over-year.
• Adjusted diluted EPS increased by 12% to $0.92.

Honeywell delivered strong results in Q1 2025 with sales and earnings surpassing guidance, supported by robust performance in Building Automation and Energy & Sustainability Solutions.

• Sales reached $9.8 billion, growing 8% year-over-year.
• Adjusted EPS increased to $2.51, up 7% year-over-year.

TotalEnergies delivered robust performance in Q1 2025, driven by higher oil & gas and electricity output, despite pressures from soft refining and chemical margins. The company maintained strong cash flows and shareholder returns including a dividend hike and continued share buybacks.

• Adjusted net income reached $4.2B with strong performance in upstream and power segments.
• Hydrocarbon production rose 4% YoY to 2.56M boe/d, with gains in Brazil, US, and Asia.

UPS delivered resilient Q1 2025 results, with a slight decline in revenue but growth in adjusted operating profit and earnings per share, driven by network reconfiguration and cost-saving initiatives.

• Consolidated revenue reached $21.5 billion, down slightly year-over-year.
• Adjusted diluted EPS grew to $1.49, up from $1.43 a year ago.

Starbucks posted a 2% increase in consolidated net revenues to $8.8 billion, but GAAP operating margin contracted 590 basis points to 6.9%. Global comparable store sales declined 1%, with North America down 1% and International up 2%. The company opened 213 net new stores, ending the quarter with 40,789 stores globally.

• Consolidated net revenues increased 2% to $8.8 billion, with 3% growth on a constant currency basis.
• GAAP operating margin contracted 590 basis points to 6.9%, driven by deleverage and additional labor costs.

Spotify reported a robust Q1 2025, achieving record Operating Income and strong user and subscriber growth despite macroeconomic challenges.

• Premium Subscribers grew 12% year-over-year to 268 million.
• Monthly Active Users (MAUs) reached 678 million, up 10% year-over-year.

Sherwin-Williams posted a slight revenue decline but achieved EPS growth driven by gross margin expansion and strong cost control efforts.

• Revenue declined 1.1% year-over-year to $5.31 billion.
• Diluted EPS increased 1.5% to $2.00.

Altria delivered resilient first-quarter results, driven by strong performance in its smokeable products and oral tobacco segments, despite challenges from the e-vapor market and volume declines.

• Adjusted EPS rose 6.0% year-over-year to $1.23.
• Reported diluted EPS fell 47.9% due to a large non-cash impairment charge.

PayPal delivered a strong start to 2025, posting its fifth consecutive quarter of profitable growth, driven by improvements in branded checkout, PSP, omnichannel, and Venmo.

• Net revenues increased to $7.8 billion.
• Net income rose to $1.287 billion, up 45% year-over-year.

American Tower saw steady revenue growth and leasing demand but suffered a significant decline in net income primarily due to foreign currency impacts.

• Revenue increased 2.0% year-over-year to $2,563,000,000.
• Net income dropped 45.9% year-over-year to $499,000,000 due to FX losses.

Mondelēz International's Q1 2025 results were driven by strong execution of their growth strategy while navigating unprecedented cocoa cost inflation. Net revenues increased slightly, and Organic Net Revenue grew by 3.1%.

• Net revenues increased 0.2 percent.
• Organic Net Revenue growth of 3.1 percent

Regeneron faced a slight revenue decrease but achieved strong profitability driven by robust Dupixent sales and strategic pipeline advancements.

• Total revenue was $3,028,700,000, a 4% decline YoY.
• GAAP Net Income grew 12% to $808,700,000.

Enterprise Products delivered stable earnings in Q1 2025, achieving record volumes in natural gas processing and transportation, while maintaining solid distributable cash flow and expanding its organic growth projects.

• Net income reached $1.4 billion for the quarter.
• Distributable Cash Flow increased to $2.0 billion, up 5% year-over-year.

Ecolab achieved strong EPS growth in Q1 2025, driven by value pricing, productivity improvements, and resilient segment performances, while overcoming headwinds from softer market demand and currency impacts.

• Adjusted EPS grew 12% year-over-year to $1.50.
• Organic sales increased by 3% despite reported sales decline due to divestitures and currency headwinds.

Royal Caribbean Group delivered a strong Q1 2025 with higher-than-expected earnings, driven by robust pricing and operational efficiencies, leading to increased full-year EPS guidance.

• EPS of $2.70 and Adjusted EPS of $2.71 beat expectations.
• Net Income rose to $730 million, up from $360 million a year earlier.

BBVA reported a robust first quarter, driven by solid recurring revenues, improved efficiency, and strong net income growth despite inflationary pressures in key markets.

• Net attributable profit rose 22.7% to €2,698M
• Operating income increased 19.2% year-on-year

Hilton delivered strong results in Q1 2025 with notable growth in room pipeline and net income, despite facing weaker macroeconomic conditions.

• Net income reached $300 million.
• Adjusted EBITDA grew to $795 million.

General Motors posted a revenue increase, strong adjusted EPS growth, and steady profitability, supported by North America performance and a rebound in China equity income.

• Revenue grew to $44020000000, up from $43014000000 a year ago.
• Net income was $2784000000, slightly down from $2980000000 last year.

ONEOK reported strong first quarter 2025 results, driven by a full quarter of adjusted EBITDA from EnLink and Medallion acquisitions, and increased natural gas liquids and natural gas processing volumes in the Rocky Mountain region. The company affirmed its full-year 2025 financial guidance.

• Net income for Q1 2025 was $691 million, including noncontrolling interests.
• Diluted earnings per common share were $1.04.

PACCAR delivered good Q1 2025 results, recording robust earnings despite a litigation charge, with record performance in its parts segment and steady financial services growth.

• PACCAR achieved $7.44 billion in revenue during Q1 2025.
• Net income was $505.1 million, with adjusted net income of $769.6 million after litigation-related charges.

FICO reported strong second quarter fiscal 2025 results with a 15% increase in revenue and even stronger earnings growth. GAAP net income was $162.6 million, or $6.59 per share, compared to $129.8 million, or $5.16 per share, in the prior year period.

• Revenue of $499 million vs. $434 million in prior year
• GAAP EPS was $6.59

Corning exceeded expectations in Q1 2025 with significant growth in core sales and EPS, driven by strong demand for Gen AI products and solid segment performance across Optical Communications and Display Technologies.

• Core sales increased 13% year-over-year to $3,679,000,000.
• Core EPS rose 42% year-over-year to $0.54.

Sysco's Q3 2025 performance showed resilience amid external challenges, with sales growth but declines in net earnings and gross profit.

• Sales grew by 1.1% year-over-year to $19.6 billion.
• Net earnings declined 5.6% to $401 million.

Kraft Heinz faced a challenging quarter with declines in revenue, net income, and EPS, yet managed to align with internal expectations and maintained strong free cash flow.

• Net sales decreased 6.4% year-over-year to $5.999 billion.
• Net income fell 11.2% to $714 million.

Arch Capital Group Ltd. reported solid results this quarter despite losses from California wildfires. The annualized operating return on equity was 11.5%.

• Net income available to Arch common shareholders of $564 million, or $1.48 per share
• After-tax operating income available to Arch common shareholders of $587 million, or $1.54 per share

Entergy posted solid results for Q1 2025, with earnings growth driven by stronger retail sales and positive regulatory developments.

• Reported adjusted EPS of $0.82, in line with guidance.
• Net income reached $361 million for the quarter.

Extra Space Storage delivered stable earnings with high occupancy rates and modest revenue growth, despite a volatile economic environment.

• Achieved net income of $270,875,000, up 26.7% year-over-year.
• Core FFO increased by 2.0% to $2.00 per diluted share.

CoStar delivered strong revenue growth and exceeded Adjusted EBITDA guidance, driven by exceptional performance in its commercial real estate platforms and record growth in Homes.com sales conversion. However, the company reported a net loss primarily due to costs from the Matterport acquisition.

• Revenue reached $732,200,000, up from $656,400,000 in Q1 2024.
• Net loss was $14,800,000, impacted by a $31,000,000 cost from the Matterport acquisition.

Xylem exceeded expectations in Q1 2025, posting growth in revenue and earnings, supported by healthy demand, operating discipline, and strategic pricing actions.

• Revenue reached $2.1 billion, growing 2% year-over-year.
• Reported EPS was $0.69; adjusted EPS was $1.03, up 14%.

PPG posted a year-over-year decline in revenue and earnings in Q1 2025, driven by unfavorable foreign exchange and divestitures. However, the company saw 1% organic sales growth and executed $400 million in share repurchases, with strong performance in aerospace and protective coatings.

• Net sales were $3.684 billion, down 4% year-over-year due to FX and divestitures.
• Net income was $375 million and adjusted EPS was $1.72.

Equity Residential reported strong Q1 2025 results, beating internal expectations, with robust rental income growth and historically low resident turnover.

• Revenue reached $760,810,000, surpassing internal forecasts.
• EPS was $0.67 and Adjusted (Normalized FFO) EPS was $0.95.

Veralto delivered strong financial results in Q1 2025 with a 6.9% year-over-year sales increase, solid margin expansion, and double-digit adjusted EPS growth, driven by disciplined execution across both segments.

• Sales grew 6.9% year-over-year to $1,332,000,000.
• Net income reached $225,000,000 with diluted EPS of $0.90.

Expand Energy Corporation reported a net loss of $249 million for the first quarter of 2025, or $1.06 per fully diluted share. Despite the net loss, the company achieved an adjusted net income of $487 million and adjusted EBITDAX of $1,395 million. Net cash provided by operating activities was $1,096 million, and the company produced approximately 6.79 Bcfe/d net. Expand Energy was added to the S&P 500 and received an Investment Grade credit rating from Moody's, achieving a uniform Investment Grade rating from all agencies.

• Net cash provided by operating activities was $1,096 million.
• Net loss was $249 million, or $1.06 per fully diluted share; adjusted net income was $487 million, or $2.02 per share.

Edison International posted a robust Q1 2025 performance, swinging from a net loss to strong net income, driven by benefits related to the TKM Settlement and lower operating expenses.

• Net income reached $1.436 billion, a major improvement from last year's net loss.
• Core EPS rose to $1.37 from $1.13 year over year.

Seagate achieved year-on-year revenue and profitability growth, with non-GAAP EPS at the top of guidance, reflecting a healthy supply/demand environment and strategic operational improvements.

• Revenue reached $2.16 billion, growing strongly year-over-year.
• Non-GAAP EPS was $1.90, exceeding expectations.

Labcorp delivered solid first-quarter results with revenue growth and the successful launch of new diagnostic tests, despite a dynamic macroeconomic environment.

• Revenue increased to $3.35 billion driven by organic growth and acquisitions.
• Adjusted EPS rose to $3.84, reflecting operational efficiencies.

Zebra Technologies posted higher-than-expected revenue and earnings, supported by strong demand trends and improved margins.

• Net sales increased 11.3% year-over-year to $1.31 billion.
• Net income rose to $136 million, up from $115 million the prior year.

Snap Inc. announced a 14% year-over-year increase in revenue to $1.363 billion, with daily active users growing 9% to 460 million. The company also improved its net loss by 54% and saw a significant rise in Adjusted EBITDA.

• Revenue increased 14% year-over-year to $1.363 billion.
• Daily Active Users (DAUs) grew 9% year-over-year to 460 million.

Essex delivered strong Core FFO performance that beat guidance, supported by same-property revenue growth and favorable investment income. Net income declined due to prior-year gains that did not recur.

• Core FFO per share rose 3.7% YoY to $3.97, beating guidance midpoint by $0.05
• Net income declined YoY due to lack of 2024 gains from legal settlements and co-investments

First Solar delivered Q1 results impacted by seasonal module sales reductions, while reinforcing a positive long-term outlook for U.S. solar demand and adjusting 2025 guidance to account for expected tariff impacts.

• Net sales decreased to $844,568,000 due to seasonal reduction in module volume.
• Net income for Q1 2025 was $209,535,000 with diluted EPS of $1.95.

SoFi Technologies delivered strong financial results with record net revenue of $772 million, positive net income, and significant growth in members and products, while raising its full-year guidance for 2025.

• Record net revenue of $772 million, up 20% year-over-year.
• Net income of $71 million, marking the sixth consecutive profitable quarter.

Unum Group delivered solid adjusted operating results in Q1 2025 with $365.5 million in adjusted income, despite a drop in GAAP net income driven by investment losses. The company showed steady revenue growth and strengthened its balance sheet.

• Adjusted operating income was $365.5 million, supported by premium growth and favorable persistency trends.
• GAAP net income declined to $189.1 million, impacted by a $163.4 million after-tax investment loss.

Regency Centers reported a solid first quarter in 2025, with Net Income Attributable to Common Shareholders at $0.58 per diluted share. The company saw an increase in Same Property NOI year-over-year and maintained high occupancy rates, reaffirming its 2025 earnings guidance.

• Net Income Attributable to Common Shareholders remained stable at $0.58 per diluted share for both Q1 2025 and Q1 2024.
• Nareit FFO increased to $1.15 per diluted share in Q1 2025 from $1.08 in Q1 2024.

W. P. Carey delivered resilient Q1 2025 results, with consistent revenue growth and investment activity, despite a challenging economic environment.

• Net income was $125.8 million, down 21% year-over-year.
• AFFO per diluted share grew to $1.17, up 2.6% year-over-year.

Logitech delivered steady revenue in Q4 2025, though operating income and earnings per share declined due to strategic investments and bad debt expenses.

• Revenue remained flat at $1.01 billion.
• GAAP EPS fell 10% to $0.96.

BXP reported an increase in total revenue for the first quarter of 2025 compared to the prior year, reaching $865.2 million. However, net income attributable to BXP and Funds from Operations (FFO) both saw decreases. The company executed over 1.1 million square feet of leases during the quarter and maintained its total portfolio percentage leased at 89.4%, despite a slight dip in occupancy primarily due to a planned lease expiration.

• Total revenue increased by 3.1% to $865.2 million for the first quarter of 2025 compared to the same period in 2024.
• Net income attributable to BXP decreased to $61.2 million ($0.39 per diluted share) in Q1 2025 from $79.9 million ($0.51 per diluted share) in Q1 2024.

A. O. Smith's Q1 2025 results reflected a slight decline in both revenue and earnings, driven by weaker water heater volumes in North America and sales declines in China. However, improved margins and ongoing share repurchases highlighted operational resilience.

• Revenue decreased 2% year-over-year due to lower water heater volumes in North America and sales declines in China.
• Net income came in at $136.6 million with an EPS of $0.95, both down from Q1 2024.

Repligen had a strong start to 2025 with $169 million in revenue, representing 14% organic non-COVID growth, and a significant increase in adjusted operating income. Total orders grew nearly 20%, with all four franchises growing double-digits.

• Revenue increased 10% year-over-year as reported, and 14% organically excluding COVID-related growth.
• Orders grew sequentially and by high-teens year-over-year, indicating strong business momentum.

Crane Company delivered a robust start to 2025 with a 9.3% increase in sales to $557.6 million and a 31% rise in GAAP EPS to $1.34. Adjusted EPS also saw a healthy increase of 24% to $1.39. The growth was fueled by strong core sales and contributions from recent acquisitions, particularly in the Aerospace & Electronics segment. Despite economic uncertainties, the company reaffirmed its full-year adjusted EPS guidance.

• GAAP EPS from continuing operations increased 31% to $1.34, and adjusted EPS from continuing operations rose 24% to $1.39.
• Sales increased 9.3% to $557.6 million, driven by 7.5% core sales growth and a 2.5% contribution from acquisitions.

Qorvo exceeded the midpoint of its revenue, gross margin, and EPS guidance for the fourth quarter of fiscal 2025, achieving stronger than seasonal sequential revenue and expanding gross margin year-over-year. The company also generated significant free cash flow during the quarter and the full fiscal year.

• Q4 Fiscal 2025 GAAP revenue was $869.5 million.
• Q4 Fiscal 2025 GAAP diluted EPS was $0.33, while non-GAAP diluted EPS was $1.42.

The Ensign Group reported a strong first quarter in 2025, with record operating results, exceeding expectations and leading to an increase in full-year guidance. The company saw significant improvements in occupancy and skilled mix across its facilities and continued its strategic acquisition pace.

• GAAP diluted earnings per share for Q1 2025 were $1.37.
• Adjusted earnings per share for Q1 2025 were $1.52.

EXL delivered a strong first quarter in 2025 with significant growth in both revenue and adjusted diluted EPS. The company's data and AI-led strategy contributed to this positive performance, leading to increased full-year revenue guidance.

• First quarter 2025 revenue increased by 14.8% year-over-year to $501.0 million.
• Diluted EPS (GAAP) for Q1 2025 was $0.40, a 38.3% increase compared to Q1 2024.

Flowserve Corporation reported total revenues of $1,144,543 thousand for the first quarter of 2025, an increase from $1,087,479 thousand in the same period last year. However, net earnings attributable to Flowserve Corporation decreased slightly to $73,905 thousand from $74,220 thousand year-over-year. Diluted EPS remained flat at $0.56.

• Total revenue increased by 5.2% to $1,144,543 thousand in Q1 2025 compared to Q1 2024.
• Net earnings attributable to Flowserve Corporation decreased slightly to $73,905 thousand in Q1 2025 from $74,220 thousand in Q1 2024.

Caesars Entertainment reported GAAP net revenues of $2.8 billion for the first quarter of 2025, up from $2.7 billion in the prior-year period. The company's net loss attributable to Caesars improved to $115 million compared to a net loss of $158 million in the first quarter of 2024. Adjusted EBITDA increased by 4% year-over-year to $884 million, driven by strong performance in the Digital and Regional segments.

• GAAP net revenues increased to $2.8 billion in Q1 2025 from $2.7 billion in Q1 2024.
• Net loss attributable to Caesars improved to $115 million in Q1 2025 from $158 million in Q1 2024.

Commvault reported a strong fiscal fourth quarter for 2025, with total revenues increasing 23% year-over-year to $275 million. Subscription revenue saw significant growth, up 45% year-over-year to $173 million. The company also achieved a non-GAAP EBIT margin of 21.5% and generated $76 million in free cash flow.

• Total revenues for Q4 FY2025 were $275 million, a 23% increase year-over-year.
• Subscription revenue grew significantly, reaching $173 million, up 45% compared to the prior year.

OneMain Holdings, Inc. reported a significant increase in financial performance for the first quarter of 2025, with pretax income rising to $275 million and net income to $213 million, up from $204 million and $155 million respectively in the prior year quarter. Diluted EPS increased to $1.78 from $1.29, driven by strong receivable growth and improved credit performance. The company also declared a quarterly dividend of $1.04 per share and repurchased $16 million in common stock.

• Net income increased to $213 million in Q1 2025 from $155 million in Q1 2024.
• Diluted EPS rose to $1.78 in Q1 2025, up from $1.29 in the prior year quarter.

Brinker International delivered a strong third quarter of fiscal 2025, with total revenues increasing significantly due to robust comparable restaurant sales, particularly at Chili's. The company achieved substantial improvements in operating income and net income, reflecting sales leverage and enhanced restaurant operating margins. This performance allowed for accelerated investments and debt repayment.

• Total revenues increased to $1,425.1 million in Q3 2025, up from $1,120.3 million in the prior year.
• Comparable restaurant sales grew by 28.2%, with Chili's seeing a 31.6% increase and Maggiano's a 0.4% increase.

MSA Safety reported solid first quarter 2025 results with a 2% GAAP increase and 4% organic increase in net sales year-over-year. The company saw healthy order growth and maintained its low-single-digit organic sales growth outlook for the full year.

• Net sales increased 2% GAAP year-over-year to $421.3 million.
• GAAP operating income was $77.8 million, or 18.5% of sales.

STAG Industrial, Inc. reported a strong first quarter for 2025, with net income attributable to common stockholders increasing by 149.7% to $91.3 million and Core FFO per diluted share rising by 3.4% to $0.61. The company also saw an 8.1% increase in Cash NOI, reaching $157.2 million, and maintained a high occupancy rate of 95.9% across its total portfolio.

• Net income attributable to common stockholders increased by 149.7% to $91.3 million in Q1 2025.
• Core FFO per diluted share grew by 3.4% to $0.61 for the first quarter of 2025.

ChampionX delivered strong adjusted EBITDA and margin, and generated positive free cash flow in the first quarter of 2025, despite a sequential decrease in revenue primarily due to seasonal international declines. The company maintained a strong balance sheet and is well-positioned to help operators maximize the value of their producing assets.

• First quarter 2025 revenue was $864.5 million, a 5% sequential decrease.
• Net income attributable to ChampionX was $85.8 million.

Ternium announced its first quarter 2025 results, showing a sequential increase in adjusted EBITDA due to improved margins and higher steel and iron ore shipments. The company's net income was $142 million, and adjusted net income was $188 million, excluding a litigation-related provision. Capital expenditures were significant, primarily for the Pesquería industrial center expansion.

• Adjusted EBITDA increased sequentially by 19% to $322 million, driven by improved margins and higher shipments.
• Net income for the quarter was $142 million, with adjusted net income reaching $188 million after excluding a litigation provision.

Freshworks outperformed financial estimates in Q1 2025, with revenue growing 19% year-over-year to $196.3 million, operating cash flow margin of 30%, and adjusted free cash flow margin of 28%. The company attributed its performance to businesses choosing its uncomplicated customer and employee service solutions.

• Total revenue was $196.3 million, a 19% increase compared to the first quarter of 2024.
• Non-GAAP income from operations was $46.4 million, a significant increase from $21.8 million in the first quarter of 2024.

Option Care Health reported strong first quarter 2025 financial results, demonstrating significant year-over-year growth in net revenue, gross profit, net income, adjusted net income, and adjusted EBITDA, driven by solid execution.

• Net revenue increased by 16.3% to $1,333.0 million compared to the first quarter of 2024.
• Adjusted EBITDA grew by 13.7% to $111.8 million.

Kite Realty Group reported net income attributable to common shareholders of $23.7 million, or $0.11 per diluted share, for the first quarter ended March 31, 2025. The company also announced the acquisition of Legacy West for $785 million and raised its 2025 guidance.

• Net income attributable to common shareholders was $23.7 million, or $0.11 per diluted share.
• Acquired Legacy West in the Dallas MSA for $785 million ($408 million at KRG's share) in a Joint Venture with GIC.

Asbury Automotive Group reported first quarter 2025 net income of $132.1 million, a 10% decrease from the prior year, with total revenue decreasing by 1% to $4.1 billion. Adjusted net income was $134.3 million, and adjusted EPS was $6.82. The company also announced a definitive agreement to acquire The Herb Chambers Automotive Group.

• Revenue decreased by 1% to $4.1 billion compared to the first quarter of 2024.
• Net income was $132.1 million, a 10% decrease from the previous year.

Tenable reported a strong start to 2025 with better-than-expected results in Q1, driven by momentum in Tenable One and securing significant six- and seven-figure deals. Revenue increased 11% year-over-year, and calculated current billings grew 9%. The company also completed the acquisition of Vulcan Cyber Ltd. and launched new product capabilities.

• Revenue for Q1 2025 was $239.1 million, an increase of 11% compared to the same period in the prior year.
• Calculated current billings reached $215.4 million, up 9% year-over-year.

Stride, Inc. delivered a record third fiscal quarter with significant growth in revenue, operating income, net income, and EPS compared to the prior year, driven by strong demand, particularly in Career Learning. The company also raised its full-year fiscal 2025 outlook.

• Revenue increased by 17.8% to $613.4 million in Q3 Fiscal 2025 compared to $520.8 million in the prior year period.
• Net income grew by 42.6% to $99.3 million, resulting in diluted net income per share of $2.02.

Sonoco reported record first quarter net sales of $1.7 billion, up 30.6% year-over-year, driven by the acquisition of Eviosys. GAAP net income attributable to Sonoco decreased by 16.5% to $54 million, while adjusted net income attributable to Sonoco improved by 22.7% to $137 million. Adjusted EBITDA reached a record $338 million, an increase of 38.0%.

• Grew first quarter net sales by 30.6% to a record $1.7 billion.
• Reported first quarter GAAP net income attributable to Sonoco of $54 million, down 16.5% from the same period in 2024.

Franklin Electric's first quarter 2025 results showed a slight decrease in consolidated net sales to $455.2 million and operating income to $44.1 million, with diluted EPS at $0.67. Energy Systems saw an 8% increase in sales, offsetting declines in Distribution, while Water Systems remained relatively flat.

• Consolidated net sales decreased by 1% to $455.2 million compared to the prior year.
• Energy Systems net sales increased by 8%, while Water Systems net sales were up less than 1%, and Distribution net sales declined by 3%.

Kadant reported mixed results for the first quarter of 2025. While bookings increased and free cash flow saw strong growth, revenue, net income, and adjusted EBITDA all decreased compared to the prior year period, impacted by geopolitical and trade uncertainties as well as customer delays in large capital projects.

• Bookings increased 3% to $256 million in Q1 2025 compared to Q1 2024.
• Revenue decreased 4% to $239 million in Q1 2025 compared to Q1 2024.

Verona Pharma reported total net revenue of $76.3 million for Q1 2025, primarily driven by Ohtuvayre net sales of $71.3 million, representing a 95% increase from Q4 2024. The company achieved approximately 25,000 prescriptions filled and reported a net loss of $16.3 million, which was an improvement from the previous year.

• Total net revenue reached $76.3 million in Q1 2025, with Ohtuvayre net sales contributing $71.3 million.
• Ohtuvayre prescriptions filled were approximately 25,000, with new patient starts increasing by over 25% compared to Q4 2024.

Clarivate reported total revenues of $593.7 million for the first quarter of 2025, a decrease from $621.2 million in the prior year. The company experienced a net loss of $103.9 million, or $0.15 per diluted share, and generated $171.2 million in operating cash flow. Despite the revenue decline, organic recurring revenues increased by 0.6%, driven by higher IP patent renewal volumes.

• Total revenues for Q1 2025 decreased by 4.4% to $593.7 million, primarily due to inorganic divestitures and foreign currency impacts.
• The company reported a net loss of $103.9 million in Q1 2025, compared to a net loss of $75.0 million in Q1 2024.

PJT Partners reported strong first-quarter 2025 results with total revenues of $324.5 million, slightly below the prior year, driven by a decrease in Advisory Fees offset by an increase in Placement Fees. GAAP Diluted EPS reached a record $1.99, and Adjusted EPS was a record $1.05. The company ended the quarter with $227 million in cash and no funded debt.

• First Quarter 2025 revenues were $324.5 million, a 1% decrease from the prior year.
• GAAP Diluted EPS was a record $1.99, and Adjusted EPS was a record $1.05.

Northern Oil and Gas reported strong first quarter 2025 results, with significant increases in net income, adjusted EBITDA, and production compared to the prior year. The company's strategic decisions and non-operated model contributed to improved margins and robust free cash flow generation.

• First quarter GAAP net income was $139.0 million, a significant increase from the prior year.
• Adjusted EBITDA in the first quarter increased by 12% year-over-year to $434.7 million.

Community Financial System, Inc. achieved a strong first quarter in 2025, reporting a net income of $49.6 million and an EPS of $0.93. Total revenues reached $196.2 million, marking a 10.7% increase from the prior year. The company also set new quarterly records for net interest income and non-bank financial services noninterest revenues.

• Net income increased by $0.17 per share from the prior year's first quarter to $0.93 per share.
• Total revenues grew by $19.0 million, or 10.7%, compared to the prior year's first quarter.

First Interstate BancSystem, Inc. reported net income of $50.2 million for the first quarter of 2025, a decrease from the previous quarter and the same period last year. The net interest margin increased, but non-performing assets and criticized loans also saw significant increases. The company continued to improve its capital ratios.

• Net interest margin increased to 3.19%, a 1-basis point increase from the prior quarter and a 28-basis point increase from the first quarter of 2024.
• Non-performing assets increased by 36.3% to $198.4 million, primarily due to increases in non-accrual commercial real estate, agricultural real estate, and agricultural loans.

Mirion delivered a strong start to the year with revenue growth and positive GAAP net income in the first quarter of 2025, compared to a net loss in the same period last year. Adjusted EBITDA and Adjusted EPS also saw significant increases. The company reaffirmed key aspects of its full-year guidance despite potential headwinds from tariffs and government funding reductions.

• Revenues increased by 4.9% to $202.0 million in Q1 2025 compared to $192.6 million in Q1 2024.
• GAAP net income was $0.4 million in Q1 2025, a significant improvement from a GAAP net loss of $26.5 million in Q1 2024.

PotlatchDeltic Corporation delivered solid operational results in Q1 2025 across all segments, with increased net income and revenues compared to the previous year. The completion of the Waldo, Arkansas sawmill modernization project ahead of schedule is expected to enhance competitiveness.

• Net income for Q1 2025 was $25.8 million, a significant increase from a net loss of $0.3 million in Q1 2024.
• Revenues for Q1 2025 were $268.3 million, up from $228.1 million in Q1 2024.

Cushman & Wakefield reported strong first quarter 2025 results with increased organic revenue across all service lines, achieving mid-single digit organic growth in the Services business ahead of target. The company improved margins, reduced leverage, and invested for growth, highlighting the strength of its global platform and ability to provide value-added advisory services.

• Revenue increased 5% year-over-year to $2.3 billion.
• Net income improved significantly to $1.9 million from a net loss of $28.8 million in the prior year.

Highwoods Properties, Inc. reported a net income of $100 million for the first quarter of 2025, a substantial increase from $27.213 million in the same period last year. This was primarily driven by significant gains on disposition of property, totaling $82.215 million. However, total rental and other revenues decreased to $200.383 million from $211.275 million in Q1 2024.

• Net income surged to $100 million in Q1 2025, up from $27.213 million in Q1 2024, largely due to property dispositions.
• Gains on disposition of property were $82.215 million, a significant increase compared to $7.209 million in the prior year.

Polaris Inc. reported first quarter 2025 worldwide sales of $1,536 million, a 12 percent decrease compared to the first quarter of 2024. The company experienced a net loss attributable to Polaris of $67 million, or $(1.17) per diluted share, compared to a net income in the prior year.

• First quarter sales were $1,536 million, down 12 percent compared to last year.
• First quarter reported diluted loss per share was $1.17; adjusted diluted loss per share was $0.90.

Artisan Partners Asset Management Inc. announced its Q1 2025 results, including a declared quarterly dividend. The company will host a conference call to discuss these results, with key executives participating.

• Artisan Partners Asset Management Inc. reported its results for the three months ended March 31, 2025.
• A quarterly dividend was declared for the period.

NMI Holdings, Inc. achieved record financial results in the first quarter of 2025, driven by strong operating performance and continued growth in its insured portfolio. The company reported significant increases in net income and diluted EPS both sequentially and year-over-year, while maintaining a high-quality book of business and a robust balance sheet.

• Net income for Q1 2025 was $102.6 million, a 19% increase from Q4 2024 and a 15% increase from Q1 2024.
• Diluted EPS for Q1 2025 was $1.28, up 20% sequentially and 18% year-over-year.

Enova International delivered a strong first quarter in 2025, with total revenue increasing by 22% to $746 million and diluted earnings per share rising by 64% to $2.69. Adjusted EBITDA also saw a substantial increase of 27% to $190 million, reflecting solid demand and stable credit performance across its products.

• Originations increased by 26% and total company revenue grew by 22% from the first quarter of 2024.
• Diluted earnings per share rose by 64% to $2.69, and adjusted earnings per share increased by 56% to $2.98.

Acadia Realty Trust delivered strong first-quarter results, driven by significant growth in its street portfolio and strategic acquisitions. The company reported GAAP Net Earnings of $0.01 per share and FFO Before Special Items of $0.34 per share, while also increasing its full-year guidance.

• First Quarter 2025 GAAP Net Earnings were $0.01 per share and FFO Before Special Items were $0.34 per share.
• Full Year 2025 NAREIT FFO and FFO Before Special Items Guidance was increased, and GAAP Net Earnings guidance was updated.

JetBlue reported a net loss of $208 million and an operating loss of $174 million for the first quarter of 2025. Total operating revenues were $2.14 billion. The company ended the quarter with $2.3 billion in cash and cash equivalents and is focused on executing its multi-year JetForward plan despite near-term revenue uncertainty.

• Delivered a strong operation and efficiently executed on costs in the first quarter.
• JetForward strategy is ramping well, driving year-over-year improvement in on-time performance and increased customer satisfaction.

Urban Edge Properties delivered a strong first quarter with FFO as Adjusted increasing by 6.0% and same-property NOI increasing by 3.8% compared to the prior year period. The company's occupancy rates are nearing all-time highs, supported by accelerating rent growth in their markets and limited new development. Capital recycling efforts are progressing with $66 million of assets sold or under contract.

• Net income attributable to common shareholders increased significantly to $8.2 million for Q1 2025, up from $2.6 million in Q1 2024.
• FFO as Adjusted per diluted share rose to $0.35 in Q1 2025, an increase from $0.33 in the prior year.

ODDITY Tech delivered an outstanding first quarter in 2025, with net revenue increasing by 27% year-over-year to $268 million and adjusted EBITDA reaching $52 million. The company also generated strong free cash flow of $87 million and maintained a robust balance sheet with $257 million in cash and investments.

• Net revenue for Q1 2025 was $268 million, a 27% increase year-over-year.
• Adjusted EBITDA reached $52 million in Q1 2025.

Hillenbrand reported a decrease in revenue and GAAP EPS for the second quarter of fiscal year 2025 compared to the prior year, primarily due to lower volume in the Advanced Process Solutions segment and a loss on the sale of a majority stake in the Milacron injection molding and extrusion business. Adjusted EPS also decreased.

• Net revenue of $716 million decreased 9% year-over-year due to lower volume in the Advanced Process Solutions segment.
• GAAP net loss was $41 million, or $(0.58) per share, compared to net income of $6.1 million, or $0.09 per share, in the prior year.

WesBanco, Inc. reported a net loss of $11.5 million, or $(0.15) per share, for the first quarter of 2025. This loss was primarily due to a day one provision for credit losses and other expenses related to the acquisition of Premier Financial Corp. Excluding these acquisition-related impacts, adjusted net income was $51.2 million, or $0.66 per share. The company successfully closed the PFC acquisition, increasing total assets to $27.4 billion, and achieved strong organic loan and deposit growth.

• WesBanco completed the acquisition of Premier Financial Corp. on February 28th, significantly increasing total assets to $27.4 billion.
• The company reported a GAAP net loss of $11.5 million, or $(0.15) per share, primarily due to a $59.4 million day one provision for credit losses on acquired loans.

ArcBest reported first quarter 2025 revenue of $967.1 million, a decrease from $1.0 billion in the prior year. Net income from continuing operations was $3.1 million, or $0.13 per diluted share, compared to a net loss of $2.9 million in the prior year. Non-GAAP net income was $11.9 million, or $0.51 per diluted share.

• Continued productivity gains were driven by technology, training, and network design.
• Record Managed solution shipment levels were achieved despite a challenging freight environment.

Huron reported strong financial results for the first quarter of 2025, with significant increases in revenues, net income, and earnings per share compared to the same period last year, driven by growth across all operating segments.

• Revenues before reimbursable expenses increased 11.2% to $395.7 million in Q1 2025.
• Net income increased 36.3% to $24.5 million in Q1 2025.

New Gold Inc. delivered a solid first quarter in 2025, achieving strategic objectives and generating free cash flow. Operational performance was in line with plans, with critical path items advanced at both New Afton and Rainy River mines to support expected production ramp-ups later in the year. The company also made significant progress on exploration activities.

• Achieved fourth consecutive quarter of free cash flow generation.
• Successfully refinanced and extended senior notes and credit facility, increasing financial flexibility.

LGI Homes reported solid results for the first quarter of 2025 despite affordability challenges and rate volatility, delivering 996 homes for $351.4 million in revenue. Net income was impacted by a one-time $8.6 million expense. The company reiterated most of its full-year guidance but adjusted its gross margin outlook downward due to potential tariff impacts.

• Reported home sales revenues of $351.4 million for the first quarter of 2025.
• Delivered 996 homes with an average sales price of $352,831.

Enterprise Financial Services Corp delivered a positive start to 2025 with increased net income and net interest margin, driven by proactive balance sheet management and deposit cost control. The company also announced a strategic branch acquisition to strengthen its market position.

• Net income increased to $50.0 million, up from $40.4 million in the prior year quarter.
• Diluted EPS rose to $1.31, compared to $1.05 in the prior year quarter.

Vicor Corporation reported a 12.0% increase in revenue for the first quarter of 2025 compared to the prior year, reaching $94.0 million. The company also returned to profitability with net income of $2.5 million, or $0.06 per diluted share, a significant improvement from a net loss in the prior year period.

• Revenues for Q1 2025 increased 12.0% year-over-year to $94.0 million.
• The company achieved net income of $2.5 million in Q1 2025, compared to a net loss of $14.5 million in Q1 2024.

Hillman Solutions reported a 2.6% increase in net sales to $359.3 million for the first quarter of 2025, alongside a reduced net loss of $(0.3) million. Adjusted EBITDA saw an increase to $54.5 million, while free cash flow was negative at $(21.3) million.

• Net sales increased by 2.6% to $359.3 million, up from $350.3 million in the prior year quarter.
• Net loss improved to $(0.3) million, or $(0.00) per diluted share, compared to $(1.5) million, or $(0.01) per diluted share in the prior year quarter.

AtriCure reported strong first quarter 2025 results with worldwide revenue increasing 13.6% year over year to $123.6 million. The company significantly improved its net loss, reducing it by $6.5 million year over year, and saw a substantial increase in Adjusted EBITDA, growing by $6.0 million year over year to $8.8 million.

• Worldwide revenue grew 13.6% year over year to $123.6 million, or 14.1% on a constant currency basis.
• Net loss improved by $6.5 million year over year, totaling $6.7 million for the quarter.

NeoGenomics reported a solid start to 2025, with consolidated revenue increasing 8% year-over-year to $168 million, driven by higher volume. The net loss decreased by 4% to $26 million, and adjusted EBITDA significantly increased by 102% to $7 million, indicating improved operational efficiency.

• Consolidated revenue for Q1 2025 increased by 8% to $168 million compared to Q1 2024.
• Net loss for the quarter decreased by 4% to $26 million.

LendingClub reported a strong start to 2025 with significant year-over-year growth in total net revenue and originations, exceeding $100 billion in lifetime originations.

• Total net revenue grew 20% year-over-year to $217.7 million in Q1 2025.
• Total loan originations increased 21% year-over-year to $1.989 billion in Q1 2025.

Rogers Corporation's first quarter 2025 financial results were largely as expected, with net sales of $190.5 million, a slight decrease from the prior quarter due to unfavorable foreign currency changes and seasonal declines in portable electronics. Despite this, the company saw improved demand in ADAS and industrial end markets and strengthened its cash position to $176 million.

• Net sales for Q1 2025 were $190.5 million, a slight decrease of 0.9% compared to the prior quarter.
• GAAP diluted loss per share was $(0.08), while adjusted earnings per diluted share were $0.27.

First Commonwealth Financial Corporation reported a net income of $32.7 million and diluted earnings per share of $0.32 for the first quarter of 2025. This represents a decrease from both the prior quarter and the first quarter of 2024. The company's core pre-tax pre-provision net revenue also decreased, primarily due to a decrease in noninterest income. Despite this, the net interest margin increased, and the company maintained strong capital positions, including an authorized increase in its quarterly cash dividend.

• GAAP Net income for Q1 2025 was $32.7 million, a decrease of $3.2 million from the prior quarter and $4.9 million from Q1 2024.
• Diluted earnings per share for Q1 2025 were $0.32, down $0.03 from the prior quarter and $0.05 from Q1 2024.

Silicon Motion announced its financial results for the first quarter of 2025, with net sales decreasing to $166.5 million from $191.2 million in the fourth quarter of 2024. GAAP net income decreased to $19.5 million, or $0.58 per diluted ADS, while non-GAAP net income decreased to $20.3 million, or $0.60 per diluted ADS.

• First quarter 2025 sales decreased 13% quarter-over-quarter and 12% year-over-year.
• GAAP net income for Q1 2025 was $19.5 million, down from $21.6 million in Q4 2024.

Empire State Realty Trust reported net income of $0.05 per share and Core FFO of $0.19 per share for Q1 2025. The company signed 231,000 rentable square feet of leases and maintained strong liquidity with no floating rate debt exposure. The 2025 outlook remains unchanged.

• Net Income Per Fully Diluted Share was $0.05.
• Core FFO Per Fully Diluted Share was $0.19.

Benchmark Electronics reported first quarter 2025 revenue of $632 million, GAAP operating income of $12 million, and GAAP earnings per share of $0.10. The company maintained non-GAAP gross margins above 10% for the sixth consecutive quarter and generated over $27 million in free cash flow.

• Revenue for the first quarter of 2025 was $632 million.
• GAAP Operating Income for the quarter was $11.759 million.

American Assets Trust reported net income of $42.5 million for the first quarter of 2025, a significant increase from the prior year due to a gain on sale of real estate. FFO per diluted share, excluding certain items, decreased 10% year-over-year. Same-store cash NOI saw a modest increase.

• Net income available to common stockholders was $42.5 million, or $0.70 per diluted share.
• FFO per diluted share excluding lease termination fees and litigation income was $0.52, a 10% decrease year-over-year.

Kiniksa Pharmaceuticals reported strong first quarter 2025 financial results, driven by robust ARCALYST sales growth. Total revenue increased significantly year-over-year, leading to net income compared to a net loss in the prior year period. The company also provided an increased revenue guidance for ARCALYST for the full year 2025.

• ARCALYST net product revenue for Q1 2025 was $137.8 million, a 75% increase year-over-year.
• Total revenue for Q1 2025 was $137.8 million, compared to $79.9 million for Q1 2024.

Stepan Company reported a strong start to 2025 with significant increases in net income and operating income, driven by volume growth across its Surfactants, Polymers, and Specialty Products segments. Despite negative free cash flow due to working capital investments, the company remains cautiously optimistic for full-year growth and positive free cash flow.

• Net income increased 42% to $19.7 million, and operating income rose 40% to $28.3 million year-over-year.
• Overall sales volume grew 4%, with Surfactants, Polymers, and Specialty Products all contributing to the increase.

Easterly Government Properties reported net income of $3.3 million and Core FFO of $33.1 million for the first quarter of 2025. The company took steps to position for future growth, including being awarded a new federal courthouse development project and acquiring a DC Government facility.

• Net income for the first quarter of 2025 was $3.3 million, or $0.07 per fully diluted share.
• Core FFO for the first quarter of 2025 was $33.1 million, or $0.73 per fully diluted share.

NETSTREIT reported strong financial results for the first quarter of 2025, with increases in net income and AFFO per diluted share. The company completed significant investment activity at a favorable cash yield and increased its full-year AFFO per share guidance.

• Net Income per Diluted Share increased to $0.02 for Q1 2025, up 100% from Q1 2024.
• Adjusted Funds from Operations (AFFO) per Diluted Share was $0.32 for Q1 2025, a 3.2% increase year-over-year.

Daqo New Energy experienced a challenging first quarter in 2025, with revenues decreasing to $123.9 million and a net loss of $71.8 million, primarily due to lower polysilicon sales volume and higher production costs. Despite the losses, the company maintained a strong cash balance and liquidity.

• Total cash, short-term investments, bank notes receivable, and fixed term bank deposit balance was $2.15 billion, indicating strong liquidity.
• Polysilicon production volume decreased to 24,810 MT, and sales volume was 28,008 MT, exceeding production to reduce inventory.

TriMas delivered strong first quarter 2025 performance with net income of $12.4 million and diluted EPS of $0.30, alongside adjusted diluted EPS of $0.46, marking a 24.3% increase. Consolidated sales grew by 6.4% to $241.7 million, primarily fueled by strong growth in the Aerospace segment.

• First quarter diluted EPS was $0.30, with adjusted diluted EPS of $0.46, representing a 24.3% increase year-over-year.
• Operating profit for the first quarter was $21.8 million, with adjusted operating profit reaching $24.4 million, up 50.2% from the prior year.

JinkoSolar reported a significant decline in financial results for the first quarter of 2025, with revenues decreasing by 39.9% year-over-year and resulting in a gross loss and net loss, driven primarily by lower average selling prices of solar modules and challenging market conditions.

• Total revenues in Q1 2025 were US$1.91 billion, a decrease of 39.9% year-over-year.
• The company reported a gross loss of US$48.6 million and a net loss attributable to ordinary shareholders of US$181.7 million.

NexPoint Residential Trust, Inc. reported a net loss of $6.9 million for Q1 2025, a significant decrease from net income of $26.3 million in Q1 2024, primarily due to the absence of a large gain on sales of real estate. Total revenue for the quarter was $63.2 million, down from $67.6 million in the prior year period. Same Store NOI also decreased by 3.8%. The company accelerated partial upgrades and boosted Core FFO guidance for the full year.

• Net loss attributable to common stockholders was $6.9 million for Q1 2025, compared to net income of $26.3 million for Q1 2024.
• Total revenues were $63.2 million for Q1 2025, down from $67.6 million for Q1 2024.

Southside Bancshares, Inc. reported a net income of $21.5 million and diluted EPS of $0.71 for the first quarter of 2025, consistent with the prior year. The company maintained strong asset quality with low nonperforming assets and a healthy return on average assets of 1.03%.

• Net income for the first quarter of 2025 was $21.5 million, consistent with the same period in 2024.
• Diluted earnings per common share for the first quarter of 2025 was $0.71, matching the prior year's first quarter.

Global Industrial Company announced first quarter 2025 financial results, reporting sales of $321.0 million, a slight decrease of 0.7% from the previous year, and an operating income of $18.2 million, marking a 4.6% increase. The company's gross margin improved to 34.9%, and diluted EPS from continuing operations rose to $0.35.

• Consolidated sales decreased 0.7% to $321.0 million compared to $323.4 million last year.
• Consolidated gross margin increased to 34.9% compared to 34.3% last year.

ProPetro reported a strong first quarter for 2025 with significant increases in revenue and a return to profitability. The company saw increased utilization and resilient pricing across its service lines, improved Adjusted EBITDA, and generated positive free cash flow. They also expanded their PROPWR power generation equipment orders and secured new long-term service capacity agreements.

• Total revenue reached $359 million, a 12% increase from the prior quarter.
• Net income was $10 million ($0.09 per diluted share), a significant improvement from a net loss in the previous quarter.

E2open reported a decrease in total GAAP revenue for Q4 FY25 compared to the prior year, but saw an increase in Adjusted EBITDA. The company experienced a significant GAAP net loss due to impairment charges. Subscription revenue was above the midpoint of guidance.

• Q4 FY25 GAAP subscription revenue was $133.0 million, a decrease of 1.0% year-over-year.
• Total GAAP revenue for Q4 FY25 was $152.7 million, a decrease of 3.6% year-over-year.

Astec Industries, Inc. delivered a strong first quarter in line with its plans, with net sales increasing by 6.5% to $329.4 million and net income rising significantly to $14.3 million. The company also announced the acquisition of TerraSource Holdings, LLC for $245.0 million, expected to be accretive from day one.

• Net sales increased by 6.5% to $329.4 million compared to the prior year.
• Net income attributable to controlling interest surged by 320.6% to $14.3 million.

BrightSpire Capital, Inc. had a productive first quarter in 2025, marked by positive net deployment, reduced leverage, and stable watchlist and CECL reserves. The company reported GAAP net income of $5.3 million and Distributable Earnings of $11.4 million.

• GAAP net income attributable to common stockholders was $5.3 million, or $0.04 per share.
• Distributable Earnings reached $11.4 million, or $0.09 per share.

World Acceptance Corporation announced strong fourth-quarter fiscal 2025 results, with net income rising to $44.3 million and total revenues increasing to $165.3 million. The company's diluted EPS reached $8.13, benefiting from a significant increase in tax preparation revenue and a one-time gain from share forfeiture. Despite a decrease in gross loans outstanding, the customer base expanded, and key financial ratios improved.

• Net income for Q4 FY25 increased to $44.3 million, up from $35.1 million in Q4 FY24.
• Total revenues for Q4 FY25 rose to $165.3 million, a 3.8% increase from $159.3 million in Q4 FY24.

TPG RE Finance Trust, Inc. reported a net income of $13.719 million for the three months ended March 31, 2025, a decrease from $16.744 million in the same period last year. Diluted earnings per common share were $0.12, down from $0.17 in Q1 2024. Total assets increased to $3.961943 billion as of March 31, 2025, from $3.731429 billion as of December 31, 2024. The company's weighted average risk rating for its loan portfolio remained stable at 3.0.

• Net income attributable to common stockholders decreased to $9.960 million in Q1 2025 from $13.055 million in Q1 2024.
• Diluted earnings per common share were $0.12 in Q1 2025, a decrease from $0.17 in Q1 2024.

LSB Industries reported a decrease in net income and EPS for Q1 2025 compared to the prior year, primarily due to higher natural gas costs, despite an increase in net sales driven by higher volumes of UAN and AN and improved pricing for ammonia and AN.

• Net sales increased by 4% to $143.4 million in Q1 2025 compared to $138.2 million in Q1 2024.
• The company reported a net loss of $1.6 million in Q1 2025, a decrease from a net income of $5.6 million in Q1 2024.

Nabors Industries Ltd. reported a strong first quarter in 2025, with operating revenues of $736 million and a net income attributable to shareholders of $33 million, or $2.18 per diluted share. This performance was significantly boosted by a one-time, non-cash net gain of $113 million from the Parker transaction, which also contributed to the company's portfolio and free cash flow. Despite some challenges in the U.S. drilling segment, international operations showed improving performance, and strategic initiatives like the SANAD joint venture and the expanded alliance with Corva AI are expected to drive future growth.

• Operating revenues for Q1 2025 were $736 million, a slight increase from $730 million in Q4 2024.
• Net income attributable to Nabors shareholders was $33 million, a significant improvement from a net loss of $54 million in the previous quarter.

Community Healthcare Trust Incorporated reported total revenues of $30.078 million for the three months ended March 31, 2025, an increase from $29.333 million in the same period last year. However, net income decreased significantly to $1.591 million, or $0.03 per common share, compared to $3.665 million, or $0.11 per common share, in Q1 2024. The company's total assets stood at $985.114 million as of March 31, 2025.

• Total revenues increased by 2.5% to $30.078 million in Q1 2025 from $29.333 million in Q1 2024.
• Net income decreased by 56.6% to $1.591 million in Q1 2025 from $3.665 million in Q1 2024.

TETRA Technologies, Inc. reported a strong first quarter in 2025, with revenue increasing 17% sequentially to $157.1 million and adjusted EBITDA rising 41% sequentially to $32.3 million. This growth was primarily fueled by the Completion Fluids and Products segment, which saw a 35% sequential revenue increase and improved EBITDA margins. The company also generated positive cash flow from operations and free cash flow, despite significant capital expenditures related to its Arkansas bromine facility.

• Revenue increased 17% sequentially to $157.1 million and 4% year-over-year.
• Adjusted EBITDA surged 41% sequentially to $32.3 million, with a consolidated margin of 20.5%.

Clearwater Paper Corporation reported a net loss of $6.3 million for the first quarter of 2025, a decrease from a net income of $17.2 million in the same period last year. Net sales increased significantly by 46% to $378.2 million, primarily driven by higher sales volume from the Augusta operations acquisition. The company's gross margin improved by 10%, attributed to better operating performance and cost reduction efforts.

• Net sales increased by 46% to $378.2 million in Q1 2025, primarily due to higher sales volume from the Augusta operations acquisition.
• The company reported a net loss of $6.3 million for Q1 2025, compared to a net income of $17.2 million in Q1 2024.

Flushing Financial Corporation reported a net loss of $9.796 million in the first quarter of 2025, primarily due to a non-cash goodwill impairment charge of $17.6 million. Despite the loss, the company saw an expansion in net interest income and margin, with GAAP NIM increasing by 12 basis points QoQ to 2.51% and Core NIM by 24 basis points QoQ to 2.49%. Average deposits grew by 1.5% QoQ, and liquidity remained strong.

• GAAP Loss Per Share was $(0.29), while Core EPS was $0.23, with the difference primarily attributed to a goodwill impairment charge.
• Net Interest Margin (NIM) expanded by 12 bps on a GAAP basis and 24 bps on a Core basis QoQ, driven by a decline in the cost of funds.

Sage Therapeutics reported a significant decrease in net loss and operating costs for the first quarter of 2025 compared to the same period in 2024, driven by cost savings measures. Collaboration revenue from ZURZUVAE saw substantial growth, while ZULRESSO revenue was nil. The company maintains a strong cash position expected to fund operations into mid-2027.

• Collaboration revenue from ZURZUVAE was $13.8 million in Q1 2025, a significant increase from $6.2 million in Q1 2024.
• Net loss for Q1 2025 was $62.2 million, a substantial improvement from a net loss of $108.5 million in Q1 2024.

Anywhere Real Estate Inc. reported a 7% increase in revenue to $1.2 billion in the first quarter of 2025 compared to the prior year, driven by increased transaction volume and average homesale prices. The company significantly improved its net loss and adjusted net loss year-over-year and showed a substantial improvement in Operating EBITDA loss.

• Revenue increased by $78 million year-over-year to $1.2 billion.
• Net Loss improved by $23 million year-over-year to $78 million.

Diamond Hill Investment Group, Inc. reported a net income of $10.4 million and diluted EPS of $3.77 for Q1 2025, a decrease from $13.0 million and $4.62 respectively in Q1 2024. Revenue saw a modest increase to $37.1 million from $36.3 million in the prior year. The company experienced net client outflows of $529.0 million, contrasting with net inflows in the same period last year.

• Revenue increased by 2% to $37.1 million in Q1 2025 compared to Q1 2024.
• Net income attributable to common shareholders decreased by 20% to $10.4 million in Q1 2025.

Ranger Energy Services, Inc. reported a net income of $0.6 million for Q1 2025, an increase from a net loss in the prior year, despite a slight decrease in total revenue to $135.2 million. Adjusted EBITDA significantly increased year-over-year to $15.5 million, demonstrating improved operating performance despite weather challenges.

• Revenue for Q1 2025 was $135.2 million, a 1% decrease from Q1 2024 and a 6% decrease from Q4 2024.
• Net income for Q1 2025 was $0.6 million, or $0.03 per fully diluted share, an increase from a net loss of $0.8 million in Q1 2024.

Luxfer Holdings PLC delivered a strong performance in the first quarter of 2025, with net sales increasing by 8.5% to $97.0 million and net income rising by 96.4% to $5.5 million. The growth was primarily fueled by robust demand in the Elektron segment, particularly in MREs, chemical response kits, and magnesium powders for defense applications. Gross profit also saw a significant increase of 16.3%, reaching $21.4 million, reflecting positive sales mix and contract resets.

• Net sales increased by 8.5% to $97.0 million in Q1 2025 compared to $89.4 million in Q1 2024.
• Net income from continuing operations rose by 96.4% to $5.5 million in Q1 2025 from $2.8 million in Q1 2024.

Quad reported a 4% decline in Net Sales to $629 million in Q1 2025, but significantly improved Net Earnings to $6 million compared to a $28 million Net Loss in Q1 2024. Adjusted EBITDA decreased slightly to $46 million, while Adjusted Diluted EPS increased to $0.20.

• Net Sales decreased by 4% to $629 million in Q1 2025, or 2% organically excluding European operations divestiture.
• Net Earnings improved significantly to $6 million in Q1 2025, compared to a Net Loss of $28 million in Q1 2024.

JAKKS Pacific, Inc. announced a strong first quarter for 2025, with net sales increasing by 26% year-over-year to $113.3 million, driven by demand for products related to recent film releases. The company significantly improved its gross margin to 34.4% and reduced its operating loss by 82% compared to the prior year.

• Net sales increased by 26% year-over-year to $113.3 million, primarily due to strong demand for products tied to recent film releases.
• Gross margin improved significantly to 34.4% from 23.4% in Q1 2024, driven by better margins on new product launches and reduced inventory obsolescence.

Primis Financial Corp. reported net income of $2.7 million, or $0.11 earnings per basic and diluted share, for the first quarter of 2025. This marks a significant improvement from a net loss of $23.3 million in the previous quarter. The company's normalized operations, excluding non-recurring costs, yielded a return on assets of 0.56%.

• Net income available to common shareholders was $2.7 million, or $0.11 per basic and diluted share, for Q1 2025.
• The company reclassified its consumer loan book back to held for investment, resulting in an additional $1.9 million provision for the portfolio.

Travelzoo reported a 5% year-over-year revenue increase to $23.1 million for Q1 2025, with consolidated operating profit of $3.7 million and diluted EPS of $0.25. Non-GAAP operating profit was $4.4 million.

• Revenue increased 5% year-over-year to $23.1 million.
• Consolidated operating profit was $3.7 million, with non-GAAP operating profit at $4.4 million.

Orion Group Holdings started 2025 strongly, with first-quarter revenue increasing 17% to $189 million and Adjusted EBITDA doubling. The company secured $349 million in new contract awards year-to-date and reiterated its full-year 2025 guidance.

• Contract revenues increased 17.4% to $188.7 million compared to the prior year period.
• GAAP net loss improved to $1.4 million ($0.04 per diluted share) from $6.1 million ($0.19 per diluted share) year-over-year.

Rocky Brands, Inc. reported a 1.1% increase in net sales to $114.1 million for the first quarter of 2025. Net income surged by 88.5% to $4.9 million, or $0.66 per diluted share, while adjusted net income increased by 77.9% to $5.5 million, or $0.73 per diluted share. The company also saw an 8.8% increase in income from operations and a 17.5% year-over-year decrease in total debt.

• Net sales increased 1.1% to $114.1 million compared to the year-ago quarter.
• Net income increased 88.5% to $4.9 million, or $0.66 per diluted share.

Stem, Inc. announced its first quarter 2025 financial results, highlighting a 27% year-over-year increase in revenue to $32.5 million and a significant improvement in GAAP gross profit to $10.5 million from a loss in the prior year. The company achieved positive operating cash flow for the first time in its history and reduced its net loss. Stem also reaffirmed its full year 2025 guidance across all metrics.

• Revenue increased 27% year-over-year to $32.5 million.
• GAAP gross profit improved significantly to $10.5 million (32% margin) from a $(24.2) million loss in 1Q24.

MoneyHero Group concluded 2024 with strong financial and operational results in Q4, demonstrating clear progress towards profitability. The company significantly narrowed its net loss and improved its Adjusted EBITDA loss, marking its best quarterly performance since going public. This was achieved by diversifying revenue towards high-margin products, reducing operating expenses, and enhancing operational efficiency. The company is confident in regaining topline growth and achieving positive adjusted EBITDA in the second half of 2025.

• Q4 net loss narrowed sharply to US$(18.8) million from US$(94.3) million in the prior year.
• Q4 Adjusted EBITDA loss improved to US$(2.9) million from US$(4.6) million in the prior year, marking the best quarterly performance since going public.

Big 5 Sporting Goods Corporation reported a net loss of $17.3 million for the first quarter of fiscal 2025, with net sales of $175.6 million, reflecting a decrease compared to the prior year. The company's gross profit margin was 30.9%, and same store sales decreased by 7.8%.

• Net sales for Q1 2025 were $175.6 million, down from $193.4 million in Q1 2024.
• The company experienced a net loss of $17.3 million, or $0.78 per basic share, in Q1 2025, compared to a net loss of $8.3 million, or $0.38 per basic share, in Q1 2024.

Horizon Technology Finance reported a net investment income of $10.7 million, or $0.27 per share, for the first quarter of 2025, down from $12.6 million, or $0.38 per share, in the prior-year period. The company's total investment portfolio grew to $689.6 million, and its net asset value stood at $305.5 million, or $7.57 per share. The quarter saw a significant net unrealized depreciation on investments of $32.2 million.

• Net investment income decreased to $10.7 million ($0.27 per share) from $12.6 million ($0.38 per share) in the prior-year period.
• Total investment portfolio increased to $689.6 million as of March 31, 2025.