Reports

Apple delivered solid Q2 2025 results with $95.4B in revenue and $24.78B in net income, driven by double-digit growth in Services and continued momentum across product categories.

• Services revenue reached an all-time high at $26.645B.
• EPS hit a record for the March quarter at $1.65.

Amazon delivered a robust quarter, driven by a 17% increase in AWS revenue and expanded operating margins, while North America and International segments also contributed positively.

• Total revenue rose to $155,667,000,000, up from $143,313,000,000 a year earlier.
• Net income surged to $17,127,000,000, a significant jump from $10,431,000,000 in Q1 2024.

Eli Lilly delivered a robust performance in Q1 2025, with 45% revenue growth propelled by Mounjaro and Zepbound sales. Both GAAP and non-GAAP earnings rose over 20%, and the company reaffirmed its full-year guidance despite elevated R&D costs.

• Revenue rose 45% YoY to $12.73 billion, driven by strong volume growth from Mounjaro and Zepbound.
• GAAP EPS was $3.06, up 23%; non-GAAP EPS was $3.34, up 29%.

Mastercard delivered a solid Q1 2025, driven by double-digit growth in revenue and EPS, with strong cross-border volume performance and ongoing expansion in value-added services.

• Net revenue grew 14% to $7.25B, driven by strong performance in both payment network and value-added services.
• Adjusted EPS rose to $3.73, up 13% year-over-year.

McDonald's faced a challenging Q1 2025, with global comparable sales flat and declines in both U.S. and International Operated Markets offset by growth in Japan and the Middle East.

• Revenue fell 3% year-over-year to $5.96 billion.
• Diluted EPS was $2.60; adjusted EPS was $2.67 after excluding restructuring charges.

Linde delivered solid first-quarter results with flat revenue but notable margin expansion and increased earnings, driven by pricing and productivity improvements.

• Adjusted EPS rose to $3.95, a 5% increase from prior year.
• Adjusted operating margin expanded to 30.1%, up 120 basis points.

Stryker delivered solid Q1 2025 results, driven by continued demand for MedSurg and Orthopaedics, with revenue reaching $5.9B and adjusted EPS up 13.6% year-over-year.

• Total revenue grew 11.9% year-over-year to $5.866 billion.
• Organic net sales rose 10.1%, led by strong unit volume growth.

Amgen's Q1 2025 revenue grew to $8.1 billion with significant net income improvement due to strong product demand and an equity investment gain. Adjusted EPS rose 24%, bolstered by higher revenues and operating efficiency.

• Revenue reached $8.1 billion, up 9% from Q1 2024, with product sales growing 11%.
• Net income turned positive at $1.73 billion, benefiting from a gain on BeiGene equity investment.

KKR posted a net loss of $186 million in Q1 2025 under GAAP due to volatility in insurance income, while adjusted net income rose to over $1 billion, driven by strong growth in fee-related earnings and total operating income.

• Adjusted Net Income (ANI) reached $1.03 billion, with $1.15 per adjusted share.
• Asset Management segment revenue was $1.77 billion for the quarter.

Southern Company delivered a strong Q1 2025, with a solid boost in revenue and net income driven by higher utility revenues and continued customer growth across its service regions.

• EPS increased to $1.21, with adjusted EPS at $1.23.
• Revenue rose 17% year-over-year to $7.775 billion.

Intercontinental Exchange delivered a record-breaking Q1 2025, with standout performances in revenue, operating income, and adjusted earnings per share, reflecting its robust business model across market conditions.

• Achieved record revenue of $2.473 billion for the quarter.
• Adjusted net income rose to $995 million, driven by strong core operations.

Parker-Hannifin reported a strong fiscal third quarter for 2025, achieving record adjusted segment operating margins, record earnings per share, and record year-to-date cash flow from operations. Sales were $5.0 billion with 1% organic growth. Net income increased by 32% to $961 million, and adjusted EPS rose 7% to $6.94. The company also repurchased $650 million of shares and increased its quarterly cash dividend by 10%.

• Sales for the quarter were $5.0 billion, with organic sales growth of 1%.
• Net income reached $961 million, a 32% increase, and adjusted net income was $904 million, up 6%.

Airbnb delivered $2.3B in revenue and $154M in net income for Q1 2025. Bookings and gross booking value rose year-over-year, and free cash flow remained strong at $1.8B, though net income declined due to higher stock-based compensation and investment write-downs.

• Revenue reached $2.3 billion, up 6% from the prior year.
• Net income declined to $154 million due to higher compensation expenses and investment losses.

Motorola Solutions had an exceptional Q1 2025, posting record revenue of $2.5 billion and strong growth in both its product and service segments, boosted by demand in North America and strategic acquisitions.

• Recorded $2.5 billion in sales, up 6% year-over-year
• Net income reached $430 million with GAAP EPS of $2.53

EOG Resources beat volume and cost guidance midpoints, delivered $1.3B in free cash flow, and announced a new offshore oil discovery in Trinidad.

• Generated $1.3 billion in free cash flow.
• Adjusted EPS reached $2.87 on strong operational performance.

Arthur J. Gallagher & Co. delivered a robust first quarter, achieving 14% revenue growth and a 9% organic increase across its core brokerage and risk management operations. The company reported significant improvement in margins and completed strategic acquisitions to support long-term growth.

• Revenue reached $3,688,400,000, up from $3,218,100,000 in Q1 2024
• Net income was $708,900,000 with adjusted EPS of $3.67

Air Products posted a GAAP net loss of $1.73 billion driven by $2.3 billion in after-tax charges related to project exits and workforce reductions. However, adjusted EPS remained solid at $2.69, and revenue held steady at $2.92 billion.

• GAAP EPS was -$7.77 due to $2.3 billion in after-tax charges.
• Adjusted EPS came in at $2.69, reflecting core business stability.

BD (Becton, Dickinson and Company) delivered $5.27B in revenue and exceeded earnings expectations through margin expansion, even as organic growth remained soft in a challenging macro environment.

• Reported revenue reached $5.27B, a 4.5% increase YoY.
• Adjusted EPS rose to $3.35, outperforming expectations.

Atlassian saw total revenue rise to $1.36B in Q3 FY2025 and continued strong free cash flow, but recorded a GAAP net loss of $70.8M primarily due to high operating expenses.

• Revenue reached $1.36B, driven by a 25% YoY growth in Cloud revenue.
• GAAP net loss was $70.8M, while non-GAAP net income came in at $261.5M.

CN achieved revenue of C$4.4B and EPS of C$1.85 in Q1 2025, supported by modest RTM growth and improved operating efficiency despite macroeconomic headwinds.

• Revenue rose to C$4.403 billion, up C$154 million from last year.
• EPS increased to C$1.85, reflecting an 8% gain.

Carrier achieved 2% organic sales growth, expanded margins, and increased adjusted EPS by 27%, despite a 4% revenue decline due to divestitures.

• Adjusted EPS rose 27% to $0.65, driven by margin expansion and operational strength.
• Organic sales increased 2%, offsetting a 5% headwind from divestitures.

Grainger delivered $4.31 billion in revenue and $479 million in net income for Q1 2025, supported by strength in its Endless Assortment segment and improved gross margins.

• Revenue reached $4.31 billion, up 1.7% year-over-year.
• Endless Assortment segment saw strong 10.3% growth, driven by MonotaRO and Zoro.

Howmet Aerospace delivered a strong Q1 2025 with record revenues of $1.94B and net income of $344M. Commercial aerospace growth and operational efficiency led to record margins and EPS. The company deployed capital effectively through share repurchases and dividend increases.

• Revenue reached a record $1.94B, up from $1.824B a year ago.
• Adjusted EPS rose to $0.86, driven by higher margins and aerospace demand.

AIG posted a solid Q1 2025 with strong underwriting performance and capital returns, despite elevated catastrophe-related losses.

• Net Income was $698 million, down from $1.2 billion due to prior year Corebridge income.
• Adjusted EPS came in at $1.17, with book value per share rising to $71.38.

Roblox exceeded expectations in Q1 2025 with record bookings and free cash flow, reflecting strong platform monetization and developer engagement, though it continued to report a net loss.

• Bookings grew to $1.21 billion, up 31% year-over-year.
• EPS came in at $(0.32), showing improvement from last year.

Targa Resources Corp. announced a strong first quarter for 2025, with record adjusted EBITDA of $1.2 billion, a 22% increase year over year. Net income attributable to Targa Resources Corp. was $270.5 million. The company also increased its annual common dividend to $4.00 per share and continued its share repurchase program.

• Record first quarter 2025 adjusted EBITDA of $1.2 billion, a 22% increase year over year.
• Repurchased $214 million of common shares through April 2025.

AMETEK delivered a strong Q1 2025 with adjusted EPS of $1.75, steady revenue at $1.73 billion, and a notable net income of $351.8 million, driven by operational efficiency and robust cash flow.

• Adjusted EPS rose to $1.75, exceeding expectations.
• Free cash flow conversion was 112%, highlighting operational strength.

Lloyds delivered a solid Q1 2025 with £4.4 billion in revenue and £1.1 billion in net income. EPS improved to 1.7p, and the bank maintained a stable CET1 ratio of 13.5%. Asset quality remained resilient, and capital generation was robust despite severance costs and temporary RWA increases.

• Net income reached £1.1 billion, supported by resilient asset quality.
• Revenue grew to £4.4 billion, driven by higher net interest income and other income.

Ingersoll Rand delivered solid Q1 2025 performance with $1.72B in revenue, driven by execution excellence and M&A activity. The company saw record orders and a significant improvement in free cash flow.

• Recorded total orders of $1.88B, the highest ever for a Q1
• Delivered free cash flow of $222.7M, up over 100% YoY

Alnylam posted $594M in total revenue in Q1 2025, supported by robust growth in AMVUTTRA and new regulatory approvals. The company reported a narrower net loss and strong commercial momentum for its ATTR-CM therapy.

• Achieved total revenue of $594.2M, driven by 28% growth in net product sales
• FDA approved AMVUTTRA for ATTR-CM and Qfitlia for hemophilia, both launched in Q1

IDEXX Laboratories delivered revenue of $998M and EPS of $2.96 in Q1 2025, supported by strong growth in VetLab consumables and software services, and boosted by the launch of a new cancer diagnostic panel.

• Revenue reached $998 million, up from $964 million a year ago.
• Net income increased to $242.7 million with EPS at $2.96.

Dexcom reported strong Q1 2025 performance with over $1 billion in revenue and maintained profitability, while securing broader PBM coverage and FDA clearance for its new 15-day CGM system.

• Revenue reached $1.036 billion, up from $921.0 million a year ago.
• Net income was $105.4 million, with diluted EPS of $0.27.

Con Edison delivered strong Q1 2025 results, posting higher net income and stable adjusted EPS, supported by rate base growth and operational improvements.

• Net income rose to $791 million from $720 million in Q1 2024.
• Adjusted EPS remained steady at $2.26, excluding non-operational items.

Reddit delivered robust Q1 2025 results, achieving $392.4M in revenue and $26.2M in net income. The platform saw significant expansion in both advertising revenue and global engagement, with daily active users reaching 108.1M and a gross margin of 90.5%.

• Revenue rose 61% year-over-year to $392.4M, driven by strength in advertising.
• Net income reached $26.2M, reversing a $575M loss in the prior year.

Cardinal Health delivered solid Q3 results with flat revenue at $54.9 billion, but strong year-over-year growth in operating income and net income. Non-GAAP EPS rose 13%, driven by broad-based segment profitability and operational execution.

• Revenue remained flat at $54.9 billion due to the loss of a large customer contract, but grew 19% excluding that impact.
• GAAP operating income nearly doubled to $730 million.

Hershey's Q1 2025 results reflected a significant year-over-year decline in revenue and profitability, largely driven by ERP-related volume timing, higher commodity costs, and mark-to-market derivative losses. However, salty snacks showed resilience with growth from Dot's and SkinnyPop brands.

• Revenue fell 13.8% to $2.81B due to volume headwinds and fewer shipping days.
• Adjusted EPS dropped 31.9% to $2.09, while reported EPS was $1.10.

Iron Mountain started 2025 with strong results, achieving record Q1 revenue of $1.6 billion and Adjusted EBITDA of $579.9 million. Growth was driven by double-digit gains in the data center, digital, and ALM segments. Despite significantly lower net income due to foreign exchange impacts, operational performance remained robust.

• Achieved record Q1 revenue of $1.6 billion, up 7.8% year-over-year.
• Net income fell to $16.2 million, impacted by currency exchange effects.

Monolithic Power Systems delivered robust Q1 2025 results with revenue rising to $637.6M and EPS hitting $2.79 GAAP ($4.04 non-GAAP), supported by notable year-over-year growth in storage, automotive, and communications markets.

• Revenue increased to $637.6M, up from $457.9M a year earlier.
• Non-GAAP net income rose to $193.8M, significantly above Q1 2024's $137.5M.

GoDaddy posted $1.19B in revenue and $219.5M in net income for Q1 2025, reflecting robust operating performance. The company completed a significant share buyback program and initiated a new repurchase plan through 2027.

• Total revenue grew to $1.19B, with Applications & Commerce revenue up 17% YoY.
• Net income reached $219.5M, including a one-time $34.6M income tax benefit.

The company faced a 5% decline in reported sales and lower EPS, impacted by prior-year shipment timing and macroeconomic headwinds. However, margin expansion initiatives supported stronger-than-expected profitability.

• Reported revenue was $883.7 million, down 5% year-over-year.
• GAAP EPS was $7.81; adjusted EPS declined to $8.19.

Broadridge delivered strong performance in Q3 2025, with growth in recurring revenues, net income, and adjusted EPS, while maintaining its full-year guidance amid market uncertainties.

• Recurring revenue increased to $1,203,900,000, a 7% rise from Q3 2024.
• Adjusted EPS grew to $2.44, showing continued profitability.

Fortive posted $1.47B in revenue and $0.85 in adjusted EPS, with strong performance in Intelligent Operating Solutions and Advanced Healthcare Solutions, while Precision Technologies faced investment delays.

• Net income was $172M, while adjusted EPS reached $0.85.
• Revenue declined 3% YoY to $1.47B, driven by softness in Precision Technologies.

Church & Dwight's Q1 2025 results were mixed, as the company faced headwinds from slowing category growth and retailer inventory reductions, leading to a 2.4% revenue decline. Despite these challenges, adjusted EPS came in slightly above guidance at $0.91, and strong performance in International and Specialty segments provided some offset.

• Revenue declined 2.4% year-over-year to $1.47B, mainly due to retailer destocking and slowing US consumption.
• Adjusted EPS was $0.91, slightly above the company's $0.90 guidance.

For the three months ended March 31, 2025, DTE Energy generated $4440000000 in revenue and reported net income attributable to DTE Energy Company of $445000000. Diluted EPS was $2.14, while operating EPS was $2.10, reflecting strong performance across utility and non-utility operations.

• Revenue was $4440000000 for the quarter.
• Net income attributable to DTE Energy Company was $445000000.

Ameren delivered solid Q1 2025 results with a rise in both revenue and net income, primarily due to colder weather increasing energy demand and significant infrastructure investments. Adjusted and GAAP EPS were identical this quarter, with no reported adjustments.

• GAAP and adjusted EPS for Q1 2025 were both $1.07, up from $0.98 and $1.02 in Q1 2024, respectively.
• Net income rose to $289 million due to increased infrastructure investments and colder winter temperatures.

Smurfit Westrock posted strong quarterly results with $7.66 billion in revenue and $382 million in net income, benefiting from successful merger integration and broad-based segment strength.

• Revenue grew to $7.66 billion driven by strength across all regions.
• Net income reached $382 million, showing strong post-merger execution.

Hubbell delivered solid Q1 2025 performance, with EPS and net income increasing year-over-year, supported by growth in the Electrical Solutions segment and resilience in Grid Infrastructure, though Grid Automation softness and cost inflation impacted results.

• EPS rose to $3.15, with adjusted EPS at $3.50.
• Net income grew to $169.7 million, up from $147.8 million YoY.

Biogen delivered a strong Q1 2025 performance driven by revenue growth from Alzheimer's, rare disease, and postpartum depression products, despite a decline in multiple sclerosis revenue and increased R&D investment.

• Total revenue reached $2.43 billion, up from $2.29 billion in Q1 2024.
• Net income was $240.5 million, with GAAP EPS of $1.64 and Non-GAAP EPS of $3.02.

Twilio delivered strong Q1 2025 results with 12% year-over-year revenue growth and returned to GAAP profitability, supported by disciplined operations and improved margins.

• Revenue grew to $1.172 billion, up from $1.047 billion in Q1 2024.
• GAAP net income was $20 million compared to a $55 million loss last year.

Cameco posted strong Q1 2025 results with significant improvements in revenue and net income, supported by disciplined long-term contracting and higher realized prices across segments.

• Revenue grew 24% year-over-year to CAD 789 million.
• Net income rose to CAD 70 million from a net loss of CAD 7 million in Q1 2024.

Builders FirstSource faced a difficult Q1 2025 marked by lower core organic sales, reduced gross margins, and increased interest expenses, partially offset by acquisition growth.

• Net sales declined to $3.66 billion due to lower core organic sales and commodity deflation.
• Net income dropped significantly to $96.3 million, down from $258.8 million last year.

Baxter delivered a solid Q1 2025, achieving 5% revenue growth and surpassing EPS expectations, fueled by strength across all segments, especially in Medical Products & Therapies and Healthcare Systems & Technologies.

• Revenue reached $2.625 billion, a 5% increase driven by U.S. growth and strong product demand.
• Adjusted EPS came in at $0.55, beating the guidance range of $0.47 to $0.50.

IDEX delivered Q1 2025 revenue growth driven by acquisitions, but net income and EPS declined due to restructuring expenses and higher costs.

• Revenue reached $814.3M, up 2% from Q1 2024, driven by the Mott acquisition.
• Adjusted EPS declined to $1.75 from $1.88, reflecting increased costs and tax impacts.

CNH Industrial N.V. reported a significant decrease in consolidated revenues and net income for Q1 2025 compared to Q1 2024, primarily due to lower industry demand and dealer destocking, especially in Agriculture and Construction segments. Despite market headwinds, the company's cost-saving initiatives partially offset the impact.

• Consolidated revenues decreased by 21% to $3.83 billion in Q1 2025 compared to Q1 2024.
• Diluted EPS for Q1 2025 was $0.10, a decrease from $0.29 in Q1 2024.

Hologic delivered Q2 2025 results that met revenue and adjusted EPS guidance, despite a GAAP net loss driven by significant intangible asset impairment charges.

• Revenue came in at $1,005,300,000, slightly exceeding guidance.
• GAAP EPS was a loss of $0.08 due to $220.9 million in impairment charges.

Moderna saw a decline in revenue and continued net losses in Q1 2025, attributed to lower vaccination rates and the seasonal nature of its respiratory business. Despite financial challenges, the company is progressing on a robust pipeline, including oncology and rare disease candidates.

• Total revenue dropped to $108,000,000 from $167,000,000 YoY, driven by reduced product sales.
• Net loss was $(1,000,000,000) with an EPS of $(2.52).

Kimco Realty posted solid Q1 2025 results, highlighted by a return to profitability, strong leasing spreads, and a rise in same-property NOI. The company achieved a key strategic target, significantly boosting its grocery-anchored portfolio and raising its full-year guidance.

• Net Income reached $125.1M compared to a $18.9M loss in Q1 2024.
• FFO per diluted share rose to $0.44, up from $0.39 in Q1 2024.

Reinsurance Group of America posted a solid Q1 with net income of $286 million and adjusted EPS of $5.66, driven by favorable biometric claims and stable performance across its traditional segments, despite a significant decline in net premiums tied to prior-year pension risk transfer activity.

• Net income rose to $286 million, up from $210 million in Q1 2024.
• Adjusted operating income came in at $378 million, with EPS of $5.66.

Hyatt reported a strong start to 2025 with $20M in net income, boosted by significant fee growth, strong demand, and its asset-light business model.

• Net income reached $20 million and adjusted net income was $46 million.
• System-wide comparable RevPAR rose 5.7% YoY.

Blue Owl Capital posted solid results for Q1 2025, with significant growth in assets under management and continued strength in fee-related earnings, despite a notable decline in GAAP net income year-over-year.

• Total revenue grew to $683,486,000, up from $513,340,000 in Q1 2024.
• GAAP Net Income dropped to $7,430,000 from $25,091,000 year-over-year.

AMH delivered a strong Q1 2025 performance, supported by increased rents, occupancy, and Core FFO growth. New home deliveries and favorable S&P outlook underscore business resilience.

• Rents and single-family property revenues rose to $459.3M, driven by occupancy and rate increases.
• Net income attributable to common shareholders was $110M, flat YoY.

Camden Property Trust delivered solid financial performance in Q1 2025, with Core FFO per share beating guidance and favorable occupancy and cost trends supporting full-year optimism.

• Core FFO per share of $1.72 exceeded the midpoint of guidance by $0.04.
• Total property revenue reached $390.6 million, up from $383.1 million in Q1 2024.

ITT Inc. delivered a solid start to 2025 with flat revenue, higher adjusted EPS, and significant free cash flow growth. Orders topped $1 billion for the first time, driven by acquisitions and strong performance in key sectors.

• Adjusted EPS rose to $1.45, up from $1.42 last year
• Orders exceeded $1 billion for the first time

Procore Technologies posted $311 million in revenue for Q1 2025 with a GAAP net loss of $33 million and an adjusted EPS of $0.23. The company continued to expand its customer base and maintained high gross margins, highlighting operational progress despite macro uncertainty.

• Revenue reached $311 million, growing 15% year-over-year.
• GAAP net loss totaled $32,989,000, but non-GAAP net income was $35,655,000.

Instacart delivered a robust first quarter with 14% growth in orders and improved adjusted EBITDA, driven by increased ad revenue, AI-led personalization, and enterprise expansion.

• Orders grew 14% YoY to 83,200,000, the fastest pace in 10 quarters.
• Gross transaction value (GTV) rose to 9,122,000,000, up 10% YoY.

Roku delivered solid revenue growth in its platform business in Q1 2025, but remained unprofitable due to ongoing investments and losses in the devices segment.

• Platform revenue grew 17% year over year, reaching $880.8 million.
• The Roku Channel became the #2 app by engagement on the platform in the U.S.

The company posted a 5.8% increase in net sales and maintained profitability despite macroeconomic challenges, with EPS slightly below last year.

• Revenue rose to $1.16 billion, up 5.8% from the previous year.
• Net income decreased slightly to $48.9 million.

AptarGroup's Q1 2025 results showed a slight revenue decline and lower net income, driven by weaker performance in Beauty and Closures segments, partially offset by strong demand in Pharma, especially for emergency medicine and diabetes care solutions.

• Revenue declined 3% YoY to $887.3M due to lower sales in Beauty and Closures.
• Pharma segment saw continued demand for emergency and chronic condition drug delivery systems.

MasTec delivered improved financial performance in Q1 2025, achieving positive net income and exceeding EPS expectations, driven by robust non-pipeline segment growth and record backlog levels.

• Revenue rose to $2.85B, driven by growth across all non-pipeline segments.
• GAAP Net Income returned to positive at $12.3M compared to a $34.5M loss last year.

Exact Sciences delivered solid Q1 2025 performance with 11% revenue growth, improved profitability metrics, and the launch of two key diagnostic products, despite continuing to report a net loss.

• Revenue rose to $707 million, up 11% from the previous year.
• Net loss narrowed to $101 million, or $0.54 per share.

Bio-Rad reported a challenging first quarter for 2025 with a decrease in total net sales compared to the prior year. Despite the revenue decline, the company delivered solid margins through focused execution and careful expense management. The Life Science segment saw reduced sales primarily due to challenges in the academic research market, while the Clinical Diagnostics segment experienced a slight decrease mainly from lower diabetes testing reimbursements in China, offset by quality control product demand. Net income was significantly lower year-over-year due to a smaller gain from the change in fair market value of its Sartorius AG investment in Q1 2025 compared to Q1 2024.

• Total net sales for Q1 2025 decreased by 4.2% year-over-year to $585.4 million.
• GAAP net income was $64.0 million, or $2.29 per diluted share, down significantly from $383.9 million in Q1 2024, largely due to investment valuation changes.

Allison Transmission reported solid first-quarter 2025 results, with net income and diluted EPS showing strong year-over-year growth, driven by strength in the North America On-Highway and Defense end markets despite a slight decrease in overall net sales.

• Net sales for the first quarter of 2025 were $766 million.
• Net income for the first quarter of 2025 was $192 million, a 14% increase year over year.

Pinnacle West reported a net loss of $4.6 million for Q1 2025, a decrease from a net income of $16.9 million in the same period last year. The loss was primarily driven by higher operating and maintenance expenses, increased depreciation and amortization, lower pension and benefit credits, reduced other income, and higher interest charges. These negative impacts were partially offset by favorable new customer rates, a gain from a non-utility equity investment, lower income taxes, higher transmission revenue, and increased revenue from the LFCR adjustor mechanism.

• Consolidated net loss attributable to common shareholders was $4.6 million for Q1 2025, compared to net income of $16.9 million for Q1 2024.
• The decrease in net income was primarily due to higher operating and maintenance expenses, depreciation and amortization, and interest charges.

CubeSmart reported a positive start to 2025 with improving occupancy and rate trends. While net income and diluted EPS decreased compared to the prior year, FFO, as adjusted, and FFO, as adjusted, per diluted share saw slight increases.

• Net income attributable to common shareholders was $89.2 million, a decrease from $94.5 million in Q1 2024.
• Diluted EPS was $0.39, down from $0.42 in the same period last year.

Leonardo DRS reported strong first quarter 2025 results, exceeding expectations with significant growth in revenue, net earnings, and adjusted EBITDA. The company also achieved a record backlog and maintained a healthy balance sheet, confirming its full-year guidance.

• Revenue increased by 16% year-over-year to $799 million.
• Net earnings grew by 72% year-over-year to $50 million.

AAON, Inc. reported a mixed financial performance for the first quarter of 2025. While total net sales increased by 22.9% to $322.054 million, net income decreased to $29.292 million from $39.016 million in the prior year. Diluted EPS also saw a decline to $0.35 from $0.46 in the same period last year. The growth in sales was primarily driven by a significant increase in BASX branded products, which offset a decrease in AAON branded products.

• Total net sales increased by 22.9% to $322.054 million in Q1 2025, up from $262.099 million in Q1 2024.
• Net income for Q1 2025 was $29.292 million, a decrease from $39.016 million in Q1 2024.

Cullen/Frost Bankers reported a strong first quarter in 2025, with increased net income and earnings per share compared to the previous year. The company saw solid loan growth and stable deposit trends, continuing its strategy of organic expansion.

• Net income available to common shareholders increased to $149.3 million in Q1 2025 from $134.0 million in Q1 2024.
• Diluted earnings per common share rose to $2.30 in Q1 2025 from $2.06 in Q1 2024.

WESCO International reported flat net sales growth in the first quarter of 2025 compared to the prior year, reaching $5.34 billion. However, organic sales grew by 5.6%, driven by strong performance in Data Center sales (up 70%), Broadband, and OEM businesses, which offset weakness in the utility business. Diluted EPS increased by 7.7% to $2.10, while adjusted diluted EPS saw a slight decrease of 3.9% to $2.21. Gross margin was stable sequentially but down slightly year-over-year. Operating cash flow was $28 million in the quarter. The company reaffirmed its full-year 2025 outlook.

• Reported net sales were down 0.1% year-over-year in the first quarter of 2025.
• Organic sales increased by 5.6% in the first quarter, excluding M&A, FX, and workday impacts.

Mosaic's Q1 2025 performance reflected continued market pressure with lower realized prices and volumes across segments, resulting in reduced revenues and profitability.

• Net sales fell across Potash, Phosphates, and Mosaic Fertilizantes segments.
• EPS declined to $0.30, with adjusted EPS at $0.33.

KT posted a net income of KRW 566.8B in Q1 2025, reversing the previous quarter’s loss. Operating income reached KRW 688.8B and EBITDA surged to KRW 1.66T, supported by strategic divestitures and AI-led growth.

• Consolidated revenue reached KRW 6,845.1B, up 2.9% YoY.
• Operating income turned positive at KRW 688.8B.

Chart Industries reported strong first quarter 2025 results with significant increases in orders, backlog, and improved profitability margins. The company achieved a record backlog exceeding $5 billion and saw organic sales growth.

• Orders increased by 17.3% to $1.32 billion, including record Repair, Service & Leasing orders.
• Backlog reached a record $5.14 billion, exceeding $5 billion for the first time.

Teleflex reported a decrease in revenue for the first quarter of 2025 compared to the prior year, driven by declines in the EMEA and Asia segments and the OEM product category. Despite this, the company saw growth in Vascular Access, Interventional, Surgical, and Other product categories. GAAP EPS increased significantly while Adjusted Diluted EPS decreased.

• Revenues of $700.7 million, down 5.0% compared to the prior year period.
• GAAP diluted EPS from continuing operations was $2.07, a significant increase from $0.33 in the prior year period.

Graphic Packaging Holding Company reported a decline in Net Sales, Net Income, and Adjusted EBITDA for the first quarter of 2025 compared to the same period last year. The decline was attributed to a divestiture, unfavorable foreign exchange impacts, and a challenging economic and consumer environment, although the company saw modest volume increase overall and continued improvement in its International business.

• Net Sales decreased 6% to $2,120 million in Q1 2025, primarily due to a divestiture and unfavorable foreign exchange.
• Net Income was $127 million, or $0.42 per diluted share in Q1 2025, down from $165 million, or $0.53 per diluted share in Q1 2024.

Ryan Specialty Holdings, Inc. announced robust first-quarter 2025 results, with total revenue increasing by 25.0% to $690.2 million and Adjusted EBITDAC growing by 27.5% to $200.5 million. Despite a net loss of $4.4 million, Adjusted Net Income rose by 13.0% to $107.8 million, demonstrating strong underlying performance.

• Total revenue increased by 25.0% year-over-year to $690.2 million.
• Adjusted EBITDAC grew by 27.5% year-over-year to $200.5 million, with an expanded margin of 29.1%.

AES posted a net income attributable to the company of $46 million and reaffirmed full-year 2025 guidance. Despite a GAAP net loss, strong growth in Renewables and Utilities and strategic asset sales supported results.

• GAAP Net Income Attributable to AES was $46 million, with Diluted EPS of $0.07.
• Adjusted EBITDA was $591 million; Adjusted EPS was $0.27.

Mohawk Industries announced first quarter 2025 net earnings of $73 million and adjusted net earnings of $96 million. Net sales for the quarter were $2.5 billion, a decrease of 5.7% as reported, but relatively flat on a constant basis when adjusted for constant days and exchange rates. The company's performance benefited from productivity gains, restructuring actions, and a lower tax rate, partially offsetting pricing pressure and higher input costs.

• Net sales for Q1 2025 were $2.5258 billion, a decrease of 5.7% as reported compared to the prior year.
• Adjusted diluted EPS for Q1 2025 was $1.52, compared to $1.86 in Q1 2024.

ATI Inc. reported first quarter 2025 results with sales of $1.14 billion and net income attributable to ATI of $97.0 million, or $0.67 per share. Adjusted net income was $104.4 million, or $0.72 per share, and adjusted EBITDA was $194.6 million, or 17.0% of sales. Aerospace and defense sales represented 66% of total sales.

• Sales for Q1 2025 were $1.14 billion, a 10% increase year-over-year.
• Net income attributable to ATI for Q1 2025 was $97.0 million, a 47% increase year-over-year.

AGCO reported a significant decrease in net sales and earnings per share for the first quarter of 2025 compared to the prior year, reflecting continued weak industry demand. The company focused on cost reduction and inventory management while affirming its full-year guidance.

• Net sales decreased 30.0% year-over-year to $2.1 billion.
• Reported EPS was $0.14, down from $2.25 in Q1 2024.

HII reported Q1 2025 revenues of $2.7 billion, down 2.5% year-over-year. Operating income increased to $161 million, with a margin of 5.9%. Net earnings were $149 million, and diluted EPS was $3.79. The company saw a negative free cash flow of $462 million and ended the quarter with a total backlog of approximately $48.0 billion.

• Total revenues for Q1 2025 were $2.7 billion, a decrease of 2.5% from Q1 2024.
• Operating income improved to $161 million (5.9% margin) in Q1 2025, up from $154 million (5.5% margin) in the prior year.

Dolby Laboratories reported a strong second quarter in fiscal 2025, with total revenue of $369.6 million, a slight increase from the prior year. The company achieved GAAP diluted EPS of $0.94 and non-GAAP diluted EPS of $1.34, indicating continued momentum across key markets like Auto and Mobile.

• Total revenue for Q2 fiscal 2025 was $369.6 million.
• GAAP diluted earnings per share were $0.94 for the quarter.

NNN REIT, Inc. reported strong first quarter 2025 results with net earnings of $96.458 million and diluted EPS of $0.51. The company grew Core FFO and AFFO per diluted share by 3.6% over the prior year, reaching $0.86 and $0.87 respectively. Investments totaling $232.4 million were closed at an initial cash cap rate of 7.4%.

• Net earnings for Q1 2025 were $96.458 million, with diluted net earnings per share at $0.51.
• Core FFO per diluted share increased by 3.6% to $0.86, and AFFO per diluted share also grew by 3.6% to $0.87.

AXIS Capital reported a strong first quarter for 2025 with profitable performance, delivering an annualized operating return-on-equity of 19.2% and achieving a record book value per diluted common share of $66.48. The company maintained a combined ratio of 90.2% despite an active quarter for natural catastrophes.

• Delivered annualized operating return-on-equity of 19.2% in Q1 2025.
• Achieved record-level book value per diluted common share of $66.48 at March 31, 2025.

Ascendis Pharma reported a net loss of €94.6 million for the first quarter of 2025, an improvement from the €131.0 million net loss in the same period of 2024. Total revenue increased to €101.0 million, driven by strong product revenue from SKYTROFA and the commercial launch of YORVIPATH. The company ended the quarter with €518 million in cash and cash equivalents.

• Total revenue for Q1 2025 was €101.0 million, up from €95.9 million in Q1 2024.
• Net loss for Q1 2025 was €94.6 million, compared to a net loss of €131.0 million in Q1 2024.

ESAB Corporation reported first quarter 2025 sales of $678 million, a 2% decrease year-over-year, but flat on a core organic growth basis. Net income was $70 million, and core adjusted diluted EPS was $1.25. Core adjusted EBITDA increased by 4% with margin expansion of 100 basis points.

• Flat core organic growth was reported for the first quarter of 2025.
• Mid-single-digit growth was observed in welding and gas equipment.

Blueprint Medicines reported strong first quarter 2025 financial results driven by significant growth in AYVAKIT/AYVAKYT net product revenues, leading the company to raise its full-year revenue guidance for AYVAKIT. The company also made progress on its pipeline with the initiation of two proof-of-concept studies for BLU-808.

• Achieved $149.4 million in AYVAKIT net product revenues in Q1 2025, a 61% increase year-over-year.
• Raised full-year 2025 global AYVAKIT net product revenue guidance to $700 million - $720 million.

Universal Display Corporation reported a slight increase in total revenue for the first quarter of 2025 compared to the same period last year, driven by growth in royalty and license fees and contract research services, offsetting a decrease in material sales. Net income and operating income also saw increases.

• Total revenue for Q1 2025 was $166.3 million, up slightly from $165.3 million in Q1 2024.
• Net income increased to $64.4 million ($1.35 per diluted share) in Q1 2025 from $56.9 million ($1.19 per diluted share) in Q1 2024.

WillScot Mobile Mini reported first quarter 2025 results that were consistent with expectations, with total revenue of $560 million and net income of $43 million. The company generated strong Adjusted Free Cash Flow of $145 million and returned $45 million to shareholders. WillScot reaffirmed its full year 2025 outlook, citing the resiliency of recurring lease revenues and improvements in the pending order book.

• Generated revenue of $560 million and net income of $43 million in Q1 2025.
• Delivered Adjusted EBITDA of $229 million and Adjusted Free Cash Flow of $145 million.

HF Sinclair experienced a significant decline in profitability in Q1 2025 compared to the previous year, reporting a net loss of $4 million. This was primarily driven by a substantial decrease in the Refining segment's performance, although other segments like Marketing and Midstream showed improved results. The company also saw a decrease in cash and cash equivalents.

• Net loss attributable to HF Sinclair stockholders was $4 million, a significant decrease from $315 million net income in Q1 2024.
• Adjusted net loss attributable to HF Sinclair stockholders was $50 million, compared to $142 million adjusted net income in Q1 2024.

Madrigal Pharmaceuticals reported a net loss of $73.2 million for the first quarter of 2025, driven by increased operating expenses related to the commercial launch of Rezdiffra. Revenue from Rezdiffra net sales was $137.3 million in its first quarter of commercialization. The company ended the quarter with $848.1 million in cash, cash equivalents, restricted cash and marketable securities.

• First-quarter 2025 Rezdiffra net sales were $137.3 million.
• More than 17,000 patients were on Rezdiffra as of March 31, 2025.

Casella Waste Systems reported a strong first quarter for 2025 with significant year-over-year increases in both revenue and Adjusted EBITDA, driven by acquisitions and solid waste pricing growth. Despite a net loss for the quarter, the company's operational performance and cash flow generation improved, and their full-year guidance remains unchanged.

• Revenues increased by 22.3% to $417.1 million compared to the same period in 2024.
• Adjusted EBITDA grew by 21.7% to $86.4 million for the quarter.

Janus Henderson Group plc delivered solid Q1 2025 results, with significant improvements in operating revenues, operating income, and EPS compared to the prior year. The company also announced a strategic partnership with Guardian and increased its quarterly dividend, reflecting strong cash flow and commitment to capital return.

• AUM increased by 6% year over year to US$373 billion as of March 31, 2025.
• First quarter 2025 net inflows were US$2.0 billion, with contributions from both Intermediary and Institutional segments.

SPX Technologies reported strong first-quarter 2025 results, with revenue increasing by 3.7% to $482.6 million and adjusted EPS up 10.4% to $1.38. The company also raised its full-year 2025 guidance for Adjusted EBITDA* to a range of $470 million to $495 million.

• Revenue increased by 3.7% to $482.6 million, including 0.4% organic growth.
• GAAP EPS rose by 4.8% to $1.10, while Adjusted EPS* increased by 10.4% to $1.38.

APi Group reported a strong start to 2025 with accelerating year-over-year net revenue growth of 7.4% and continued double-digit inspection revenue growth in North American Safety Services. The company achieved record first quarter adjusted EBITDA with margin expansion and repurchased $75 million of common stock while authorizing a new $1 billion share repurchase program.

• Net revenues reached $1.7 billion, a 7.4% increase year-over-year.
• Reported net income was $35 million, while adjusted EBITDA hit a record $193 million.

Ryman Hospitality Properties reported record first quarter revenue, net income, and Adjusted EBITDAre, exceeding expectations. The Hospitality segment showed strong performance with increased RevPAR and Total RevPAR, although the full-year outlook for these metrics was lowered due to macroeconomic uncertainty impacting near-term group bookings. The Entertainment segment also achieved record first quarter results.

• Consolidated revenue reached a first quarter record of $587.3 million.
• Consolidated net income hit a first quarter record of $63.0 million.

Wayfair reported net revenue of $2.7 billion in Q1 2025, relatively flat year-over-year. The company showed improved profitability with a reduced net loss and positive Non-GAAP Adjusted EBITDA, while navigating category volatility and taking market share.

• Total net revenue was $2.7 billion, remaining largely flat year over year.
• U.S. net revenue increased by 1.6% year over year.

Kirby Corporation delivered solid first-quarter 2025 results, with net earnings increasing to $76.0 million compared to $70.1 million in the prior year. While marine transportation faced challenges from weather and navigational delays, improved market conditions and pricing supported performance. The distribution and services segment saw mixed demand, with strong growth in power generation partially offset by weakness in oil and gas.

• Net earnings attributable to Kirby increased to $76.0 million, or $1.33 per diluted share, in Q1 2025.
• Consolidated revenues for Q1 2025 were $785.7 million, a decrease from $808.0 million in Q1 2024.

Arrow Electronics exceeded its first-quarter 2025 guidance ranges for consolidated and segment revenue, as well as earnings per share. The outperformance was primarily driven by EMEA's momentum in both segments, a healthy contribution from value-added offerings, and continued performance in the ECS business.

• Consolidated sales for Q1 2025 were $6.814 billion, exceeding the high end of guidance.
• Diluted EPS for Q1 2025 was $1.51, and non-GAAP diluted EPS was $1.80, both above guidance.

Healthcare Realty Trust Incorporated reported a net loss of $45.389 million for the three months ended March 31, 2025, an improvement from a net loss of $315.220 million in the prior year. Total revenues decreased to $298.977 million from $326.805 million, primarily due to dispositions. The company's EPS was -$0.13, consistent with the prior year.

• Net loss significantly improved to $45.389 million from $315.220 million year-over-year.
• Total revenues decreased by 8.5% to $298.977 million, mainly due to property dispositions.

IDACORP's net income increased by $11.4 million in the first quarter of 2025 compared to the first quarter of 2024, primarily due to higher net income at Idaho Power. This was supported by an increase in Idaho base rates and customer growth, partially offset by higher O&M expenses and a decrease in wholesale energy revenues.

• Net income attributable to IDACORP, Inc. increased to $59.647 million in Q1 2025 from $48.173 million in Q1 2024.
• Diluted earnings per share increased to $1.10 in Q1 2025 from $0.95 in Q1 2024.

Workiva Inc. reported solid first quarter 2025 financial results with total revenue reaching $206 million, a 17% increase year-over-year. Subscription and support revenue grew by 20%, and non-GAAP net income was $8 million.

• Total revenue for Q1 2025 was $206 million, up 17% year-over-year.
• Subscription and support revenue increased by 20% to $186 million.

Insight Enterprises reported a decrease in net sales and gross profit in the first quarter of 2025 compared to the previous year. Diluted EPS and net earnings also saw significant decreases. Despite this, gross margin expanded, and Adjusted diluted earnings per share were in line with expectations.

• Consolidated net sales decreased 12% year-over-year to $2.1 billion.
• Gross profit decreased 8% year-over-year to $406.5 million, while gross margin expanded to 19.3%.

Cirrus Logic reported strong results for the fourth quarter of fiscal year 2025, with revenue reaching $424.5 million and GAAP diluted earnings per share of $1.31. The company also achieved record earnings per share for the full fiscal year 2025.

• Fourth quarter revenue was $424.5 million.
• GAAP diluted earnings per share for Q4 FY25 was $1.31, while non-GAAP diluted earnings per share was $1.67.

Columbia Sportswear Company reported a 1% increase in net sales and a 4% increase in operating income for the first quarter of 2025. Diluted earnings per share also increased by 6%. The company ended the quarter with $658.4 million in cash and short-term investments and no borrowings.

• Net sales increased 1 percent to $778.5 million, compared to first quarter 2024.
• Operating income increased 4 percent to $46.5 million, compared to first quarter 2024.

Alkermes plc reported first quarter 2025 revenues of $306.5 million and GAAP net income of $22.5 million, with diluted GAAP earnings per share of $0.13. The company reiterated its 2025 financial expectations and highlighted progress in its ALKS 2680 development program.

• Total revenues for Q1 2025 were $306.5 million.
• GAAP net income for Q1 2025 was $22.5 million, resulting in diluted GAAP EPS of $0.13.

Lumen Technologies reported a net loss in the first quarter of 2025, a decrease from net income in the prior year period. Revenue also saw a slight decrease. However, the company highlighted progress in key priorities, including growth in North American Business Grow and Waves revenue, continued momentum towards a stronger balance sheet, and new partnerships.

• Reported Net Loss of $(201) million for the first quarter 2025, compared to reported Net Income of $57 million for the first quarter 2024.
• Generated Adjusted EBITDA, Excluding Special Items of $929 million for the first quarter 2025, compared to $977 million for the first quarter 2024.

Itron reported a 1% increase in revenue for the first quarter of 2025, reaching $607 million. The company saw significant growth in gross profit and net income, driven by favorable product mix, operational efficiencies, and increased recurring revenue in the Outcomes segment. Non-GAAP EPS also showed a strong increase.

• Total revenue increased by 1% to $607 million compared to the first quarter of 2024.
• Gross profit rose by 6% to $217 million, with the gross margin expanding to 35.8%.

Exponent's first quarter results exceeded expectations, with total revenues and revenues before reimbursements remaining approximately flat compared to the prior year. Net income and EBITDA decreased, while the company maintained its full-year guidance despite facing headwinds in the second quarter.

• Total revenues and revenues before reimbursements were approximately flat at $145.5 million and $137.4 million, respectively, compared to Q1 2024.
• Net income decreased to $26.7 million, or $0.52 per diluted share, from $30.1 million, or $0.59 per diluted share, in Q1 2024.

Shake Shack reported total revenue of $320.9 million for the first quarter of 2025, an increase of 10.5% compared to the same period in the previous year. Net income attributable to Shake Shack Inc. was $4.2 million, or $0.10 per diluted share. Operating income was $2.8 million, a significant improvement from the $0.0 million reported in the first quarter of 2024.

• Total revenue reached $320.9 million, up 10.5% year-over-year.
• Shack sales accounted for the majority of revenue at $309.8 million.

Frontdoor, Inc. announced strong first-quarter 2025 results, with revenue increasing 13% to $426 million and Adjusted EBITDA increasing 41% to $100 million. The company also reported a 9% increase in net income to $37 million and a 13% increase in diluted EPS to $0.49. These results led to an increased full-year outlook for revenue, Adjusted EBITDA, and share repurchases.

• Revenue increased 13% to $426 million, driven by a 3% increase from price and a 10% increase from higher volume, primarily due to the 2-10 acquisition.
• Gross profit margin increased 380 basis points to a first-quarter record of 55%.

Belden reported a strong start to the year with revenues increasing 17% year-over-year to $625 million and GAAP EPS increasing 41% to $1.27. Adjusted EPS also saw significant growth, rising 29% to $1.60. The company saw sustained organic growth of 11% with expansion in both segments and repurchased $85 million in shares during the quarter.

• Revenues increased 17% to $625 million in Q1 2025 compared to $536 million in the prior year.
• GAAP EPS was $1.27, a 41% increase from $0.90 in Q1 2024.

SM Energy Company reported net income of $182.3 million, or $1.59 per diluted common share, for Q1 2025. Total net production reached 17.8 MMBoe, or 197.3 MBoe/d, at the high end of guidance, with oil production at 53%. Adjusted EBITDAX was $588.9 million, and adjusted free cash flow was $73.8 million.

• Net production reached 17.8 MMBoe (197.3 MBoe/d) at 53% oil, exceeding guidance due to strong performance from Uinta Basin assets.
• Net income was $182.3 million ($1.59 per diluted common share), with Adjusted net income at $202.0 million ($1.76 per diluted common share).

InterDigital reported a robust first quarter for 2025, driven by a key licensing agreement with vivo Mobile. The company achieved all-time record annualized recurring revenue and reaffirmed its full-year 2025 guidance.

• First quarter revenue, adjusted EBITDA, and EPS all exceeded the top end of guidance.
• Secured a significant licensing agreement with vivo Mobile, a major smartphone vendor.

Zeta Global reported strong first quarter 2025 results, exceeding revenue and adjusted EBITDA guidance. The company achieved significant year-over-year growth in revenue, scaled customers, and free cash flow, driven by its AI Marketing Cloud platform and focus on delivering measurable ROI for customers.

• Total revenue for Q1 2025 was $264 million, a 36% increase year-over-year.
• Scaled Customer count grew to 548, up 19% year-over-year.

Organon's first quarter 2025 results showed a decline in revenue and net income compared to the prior year, primarily due to competitive pressures and loss of exclusivity for certain products. Despite this, the company affirmed its full-year 2025 financial guidance, driven by strong performance in key growth drivers like Nexplanon and Vtama, and reset its dividend payout to prioritize deleveraging.

• First quarter 2025 revenue was $1.513 billion, down 7% as-reported and 4% at constant currency year-over-year.
• Diluted earnings per share were $0.33, and non-GAAP Adjusted diluted earnings per share were $1.02.

Hilton Grand Vacations reported a decrease in revenue, net income, and EPS for the first quarter of 2025 compared to the same period in 2024, significantly impacted by revenue deferrals. Despite this, the company saw an increase in contract sales and maintained steady leading demand indicators.

• Total contract sales for the first quarter of 2025 were $721 million, a 14% increase compared to the first quarter of 2024.
• Total revenues for the first quarter of 2025 were $1.148 billion, a slight decrease from $1.156 billion in the same period of 2024.

Sotera Health reported a solid start to 2025 with net revenues increasing 2.6% to $255 million compared to the prior year quarter, driven by growth in the Sterigenics and Nordion segments. The company reported a net loss of $13 million, primarily due to a settlement related to ethylene oxide claims. Adjusted EBITDA saw an 8.8% increase, and Adjusted EPS grew by $0.01 to $0.14. The company reaffirmed its full-year 2025 outlook.

• Net revenues increased 2.6% to $255 million in Q1 2025.
• The company reported a net loss of $13 million, including a $31 million settlement.

Riot Platforms achieved record quarterly revenue of $161.4 million in Q1 2025, driven by expansion at their Corsicana Facility and increased hash rate. The company also made significant progress on its AI/HPC data center business and acquired Rhodium's mining operations, eliminating associated operating losses and litigation expenses.

• Achieved record quarterly revenue of $161.4 million in Q1 2025.
• Made significant progress on the development of their AI/HPC data center business.

Olin Corporation reported a net income of $1.4 million for the first quarter of 2025, a substantial decrease from $48.6 million in the first quarter of 2024. Adjusted EBITDA also fell to $185.6 million from $242.1 million year-over-year, while sales saw a modest increase to $1,644.2 million from $1,635.3 million.

• First quarter 2025 net income was $1.4 million, or $0.01 per diluted share, significantly down from $48.6 million in Q1 2024.
• Adjusted EBITDA for Q1 2025 was $185.6 million, a decrease from $242.1 million in Q1 2024.

Granite Construction Incorporated reported a revenue of $700 million for the first quarter of 2025, a 4% increase year-over-year. The company posted a net loss of $34 million, or $(0.77) per diluted share, but an adjusted net income of $224 thousand, or $0.01 per diluted share. Committed and Awarded Projects (CAP) reached a record $5.7 billion.

• Q1 revenue increased 4% year-over-year to $700 million, driven by growth in both Construction and Materials segments.
• Adjusted diluted EPS was $0.01, a significant improvement compared to an adjusted diluted loss per share of $(0.21) in the prior year.

Apple Hospitality REIT reported a decline in net income and operating income for Q1 2025 compared to the previous year, though total revenue remained relatively stable. Comparable Hotels RevPAR saw a modest decline, while ADR increased slightly and Occupancy decreased. The company continued to engage in portfolio management activities, including dispositions and a pending acquisition, and repurchased shares.

• Net income for Q1 2025 was $31.2 million, a 42.2% decrease from Q1 2024.
• Operating income for Q1 2025 was $50.9 million, a 29.0% decrease from Q1 2024.

Envista Holdings Corporation delivered first-quarter 2025 results in line with expectations, building on momentum from the second half of 2024. The company reported sales of $617 million, a net income of $18 million, and maintained its 2025 guidance.

• Sales reached $617 million, with core sales increasing 0.2% over the first quarter of 2024.
• Net income was $18 million, and adjusted EBITDA margin was 12.8%, consistent with expectations.

Harley-Davidson reported a challenging first quarter in 2025, with significant decreases in consolidated revenue, operating income, and net income. This was primarily driven by a large decline in the HDMC segment, reflecting lower wholesale shipments and softer than anticipated U.S. retail sales, although the HDFS segment saw improved operating income.

• Consolidated revenue decreased by 23% to $1.329 billion.
• Net income attributable to HDI fell by 43% to $133 million.

iRhythm Technologies reported strong first quarter 2025 financial results with revenue exceeding 20% growth year-over-year, driven by increased demand for Zio services and momentum in value-based care accounts. The company also expanded its global reach with the launch of Zio monitor in Japan.

• Revenue reached $158.7 million, a 20.3% increase compared to Q1 2024.
• Gross margin improved to 68.8%, up 250 basis points from Q1 2024.

PBF Energy reported a significant net loss and loss from operations in the first quarter of 2025, primarily due to a fire at its Martinez refinery and scheduled maintenance. Despite these challenges, the company announced a quarterly dividend and the sale of terminal assets, highlighting a focus on balance sheet management and business improvement initiatives.

• PBF Energy reported a net loss of $401.8 million for Q1 2025, a significant decrease from net income of $106.6 million in Q1 2024.
• Loss from operations for Q1 2025 was $511.2 million, compared to income from operations of $145.1 million in the same period last year.

Hayward Holdings reported solid first quarter fiscal year 2025 results, with Net Sales increasing 8% to $228.8 million, Net Income increasing 46% to $14.3 million, Adjusted EBITDA increasing 9% to $49.1 million, and Adjusted diluted EPS increasing 25% to $0.10, driven by volume growth and positive price realization.

• Net Sales increased 8% year-over-year to $228.8 million.
• Net Income increased 46% year-over-year to $14.3 million.

Patrick Industries, Inc. delivered a solid first quarter in 2025, with net sales increasing 7% to $1.0 billion, driven by strong demand in the RV and Housing markets. Net income rose 9% to $38 million, and diluted earnings per share increased to $1.11. The company also saw growth in cash flow from operating activities and continued to return capital to shareholders.

• Net sales increased 7% to $1.0 billion, primarily due to stronger demand in RV and Manufactured Housing markets.
• Net income grew 9% to $38 million, with diluted EPS reaching $1.11.

Walker & Dunlop's first quarter of 2025 saw a 10% increase in total transaction volume to $7.0 billion and a 4% increase in total revenues to $237.4 million compared to Q1 2024. However, net income and diluted earnings per share significantly decreased by 77% due to increased personnel expenses, a write-off of unamortized issuance costs, and a rise in the provision for credit losses. Adjusted EBITDA and adjusted core EPS also saw declines.

• Total transaction volume increased 10% year-over-year to $7.0 billion.
• Total revenues grew 4% year-over-year to $237.4 million.

OSI Systems reported record-breaking results for the third quarter of fiscal year 2025, with increases in revenues, non-GAAP earnings, and operating cash flow, driven by strong performance in the Security and Optoelectronics and Manufacturing divisions. The company also raised its full-year guidance.

• Achieved record Q3 revenues of $444.4 million, a 10% increase year-over-year.
• Reported record non-GAAP EPS of $2.44 and GAAP EPS of $2.40.

Hercules Capital reported strong first quarter 2025 results, with significant gross debt and equity commitments and fundings. The company achieved solid net investment income per share, providing healthy coverage of its base cash distribution. Key highlights include an investment grade rating upgrade and a successful convertible note offering.

• Total Gross Debt and Equity Commitments reached $1.02 billion in Q1 2025.
• Total Gross Fundings for Q1 2025 were $539.1 million.

The company achieved strong financial performance driven by increased silver production and improved operational efficiencies, despite lower gold and copper volumes.

• Revenue rose to $307.7M in Q1 2025 from $246.8M in Q1 2024.
• Net income more than doubled to $140.1M from $61.4M year-over-year.

Trinity Industries reported lower revenues and operating profit in the first quarter of 2025 compared to the prior year, primarily driven by decreased external deliveries in the Rail Products Group. The Railcar Leasing and Services segment demonstrated resilience with higher lease rates and strong fleet utilization, contributing to favorable cash flow generation.

• Reported earnings from continuing operations of $0.29 per diluted share.
• Generated $78.4 million in net cash from operating activities from continuing operations.

Huntsman Corporation reported a decrease in revenues for the first quarter of 2025 compared to the prior year, with total revenues at $1,410 million. The company experienced a net loss of $5 million and an adjusted net loss of $19 million. Adjusted EBITDA for the quarter was $72 million. The CEO noted challenging short-term business conditions, including low visibility and customer uncertainty, impacting demand across key markets.

• First quarter 2025 net loss attributable to Huntsman was $5 million, an improvement from a $37 million net loss in the prior year period.
• Adjusted net loss attributable to Huntsman for Q1 2025 was $19 million, compared to an adjusted net loss of $11 million in the prior year period.

Five9 reported strong Q1 2025 results with record revenue of $279.7 million, a 13% increase year-over-year. Subscription revenue grew 14%, and the company achieved a record operating cash flow of $48 million and an adjusted EBITDA margin of 19%.

• Record revenue of $279.7 million, up 13% year-over-year.
• Subscription revenue increased by 14% compared to the first quarter of 2024.

Alignment Healthcare delivered strong first quarter 2025 financial results, exceeding the high end of expectations for membership, revenue, adjusted gross profit, and adjusted EBITDA. Total revenue grew 47.5% year over year to $926.9 million, driven by a 31.7% increase in Medicare Advantage membership. The company reported positive adjusted EBITDA and raised the midpoint of its full-year 2025 guidance ranges for key financial and operational metrics, supported by strong clinical performance and enrollment growth.

• Delivered Q1 revenue of $926.9 million, up 47.5% year over year.
• Grew Medicare Advantage membership by 31.7% year over year to approximately 217,500 members.

Amicus Therapeutics delivered significant double-digit revenue growth in Q1 2025, driven by strong underlying patient demand for Galafold and expected acceleration in Pombiliti + Opfolda sales in the second half of the year. The company also in-licensed a Phase 3 program for FSGS, adding a third potential blockbuster to its portfolio, and remains on track for GAAP profitability in H2 2025.

• Total revenue for Q1 2025 was $125.2 million, a 15% increase year-over-year at constant exchange rates.
• Galafold net product sales were $104.2 million, a 5% increase year-over-year.

Red Rock Resorts announced strong first-quarter 2025 results, with net revenues increasing by 1.8% to $497.9 million and net income rising by 9.7% to $86.0 million. Adjusted EBITDA also saw a 2.8% increase, reaching $215.1 million, primarily due to solid performance in Las Vegas operations.

• Net revenues increased by 1.8% to $497.9 million in Q1 2025 compared to the same period in 2024.
• Net income grew by 9.7% to $86.0 million in Q1 2025.

Laureate Education reported a decrease in revenue and an increase in net loss for the first quarter of 2025 compared to the prior year, significantly impacted by the timing of semester start dates and foreign currency fluctuations. Despite the reported declines, the company noted favorable enrollment results and updated its full-year 2025 guidance upwards.

• Reported revenue decreased by 14% to $236.2 million in Q1 2025.
• Net loss increased to $19.6 million in Q1 2025 from $10.8 million in Q1 2024.

Medical Properties Trust experienced a challenging first quarter in 2025, with total revenues decreasing to $223,799 thousand from $271,316 thousand in Q1 2024. The company reported a net loss attributable to common stockholders of $118,275 thousand, or $0.20 per diluted share, a significant improvement from the $875,625 thousand loss, or $1.46 per diluted share, in the prior year.

• Total revenues for Q1 2025 were $223,799 thousand, down from $271,316 thousand in Q1 2024.
• Net loss attributable to MPT common stockholders improved significantly to $118,275 thousand ($0.20 per diluted share) from $875,625 thousand ($1.46 per diluted share) in the prior year.

Green Brick Partners achieved record first-quarter results in Q1 2025, with homebuilding revenue increasing 11.8% year-over-year to $495 million. The company maintained strong homebuilding gross margins at 31.2% and saw record net new home orders of 1,106, a 3.3% increase year-over-year. Diluted EPS was $1.67, an 8.2% decrease year-over-year, primarily due to the sale of an interest in Challenger Homes in Q1 2024. Excluding this impact, underlying earnings grew 3.7%.

• Record first-quarter homebuilding revenue of $495 million, up 11.8% year-over-year.
• Maintained strong homebuilding gross margin at 31.2%.

California Water Service Group reported Q1 2025 net income attributable to the Group of $13.3 million, or $0.22 per diluted share, a decrease from the prior year due to the non-recurrence of 2023 interim rate relief. However, non-GAAP net income and diluted earnings per share increased compared to Q1 2024 non-GAAP figures. Operating revenue was $204.0 million, a decrease from Q1 2024 GAAP revenue but an increase compared to Q1 2024 non-GAAP operating revenue.

• Net income attributable to Group decreased by $56.6 million to $13.3 million, or $0.22 per diluted share, compared to Q1 2024, primarily due to the non-recurrence of 2023 interim rate relief.
• Non-GAAP net income and diluted earnings per share increased by $9.2 million and $0.15, respectively, compared to Q1 2024 non-GAAP figures.

Select Medical Holdings Corporation experienced a mixed financial performance in Q1 2025. While total revenue increased to $1,353,172,000, net income attributable to common stockholders decreased to $56,681,000 from $96,897,000 in the prior year. Adjusted EBITDA also saw a decline, primarily driven by lower revenue in the Critical Illness Recovery Hospital segment and increased labor costs in Outpatient Rehabilitation, partially offset by strong performance in the Rehabilitation Hospital segment.

• Total revenue increased by 2.4% to $1,353,172,000 in Q1 2025 compared to $1,321,211,000 in Q1 2024.
• Net income attributable to Select Medical Holdings Corporation's common stockholders decreased to $56,681,000 in Q1 2025 from $96,897,000 in Q1 2024.

Quaker Houghton reported a decline in net sales and net income in Q1 2025 compared to the prior year, primarily due to lower sales volumes, unfavorable foreign currency translation, and decreased selling prices and product mix. Despite the decline, results improved compared to the prior quarter, driven by share gains, improved margins, and cost optimization actions. The company also completed several strategic acquisitions to enhance its portfolio and accelerate growth.

• Net sales in Q1 2025 were $442.9 million, a 6% decrease compared to Q1 2024.
• Net income in Q1 2025 was $12.9 million, a significant decrease from $35.2 million in Q1 2024.

LXP Industrial Trust reported increased total gross revenues and significant improvement in net income attributable to common shareholders for the first quarter of 2025 compared to the same period in 2024. Adjusted Company FFO remained stable per diluted share.

• Total gross revenues increased to $88.9 million for Q1 2025, up from $86.3 million in Q1 2024.
• Net income attributable to common shareholders was $17.3 million in Q1 2025, a significant improvement from a net loss of $(1.9) million in Q1 2024.

ICF reported first quarter 2025 results with total revenue of $487.6 million, a slight decrease compared to the prior year. Net income was $26.9 million and Non-GAAP EPS increased by 9.6% to $1.94, benefiting from favorable business mix and cost management. Contract awards were $467 million, resulting in a book-to-bill ratio of 0.96.

• First quarter revenue was $488 million, aligning with expectations.
• Non-GAAP EPS increased 9.6% to $1.94, driven by favorable margins.

Standex International Corporation reported a significant increase in sales by 17.2% to $207.8 million in the third quarter of fiscal year 2025, driven by acquisitions, despite an organic decline. The company achieved record adjusted gross margin of 42.3% and record adjusted operating margin of 19.4%, reflecting solid operational performance and contributions from recent acquisitions.

• Sales increased by 17.2% year-over-year, reaching $207.8 million, primarily due to contributions from acquisitions.
• Achieved a record adjusted gross margin of 42.3%, up 230 basis points year-over-year, and a record adjusted operating margin of 19.4%, up 280 basis points year-over-year.

LeMaitre Vascular reported strong Q1 2025 results with sales up 12% organically, driven by growth in grafts and carotid shunts. The company increased its full-year sales guidance and highlighted its strategic optionality due to a strong cash position.

• Sales increased by 12% to $59.9 million, with organic growth at 13%.
• Gross margin improved to 69.2%, up 60 basis points from the prior year.

VIAVI Solutions reported strong results for the third quarter of fiscal 2025, exceeding expectations with revenue of $284.8 million and non-GAAP EPS of $0.15. Growth was driven by strength in both the Network Enablement and Optical Security and Performance Products segments.

• Net revenue for Q3 FY2025 was $284.8 million, a 15.8% increase year-over-year.
• GAAP operating income was $8.5 million, a significant improvement from a loss of $11.9 million in the prior year period.

Extreme Networks reported robust financial results for Q3 FY25, with significant year-over-year revenue growth and improved profitability. The company saw strong execution, market recovery, and increased visibility driven by a robust funnel and traction with new commercial models.

• Revenue grew 34.8% year-over-year to $285 million.
• Non-GAAP diluted EPS was $0.21, compared to a loss of $0.19 in the prior year.

Materion Corporation reported net sales of $420.3 million and net income of $17.7 million for the first quarter of 2025. Adjusted earnings per share increased to $1.13, and the company achieved record first quarter adjusted EBITDA margins of 18.8%. Free cash flow saw a significant year-over-year improvement.

• Net sales reached $420.3 million in Q1 2025.
• Net income was $17.7 million, or $0.85 per diluted share.

Trupanion started the year strong, with performance ahead of plan across key metrics, showing early momentum in retention and pet acquisition, and expanded margins in its subscription business, positioning the company for continued investment in growth.

• Total revenue was $341.975 million, an increase of 12% compared to the first quarter of 2024.
• Net loss was $(1.483) million, or $(0.03) per basic and diluted share, a significant improvement from a net loss of $(6.852) million in Q1 2024.

Garrett Motion reported a solid start to 2025 with strong first-quarter results despite a challenging industry environment, driven by outstanding operating performance and the positive impact of structural cost savings from 2024. Net sales decreased slightly, but gross profit and Adjusted EBIT margins improved. The company also secured its first major series production award for electric motors, highlighting progress in zero-emission technologies.

• Net sales for Q1 2025 totaled $878 million, a 4% decrease on a reported basis compared to Q1 2024.
• Net income for Q1 2025 was $62 million, with a Net income margin of 7.1%.

Tarsus Pharmaceuticals reported strong performance in Q1 2025, driven by robust net product sales of XDEMVY, which increased 217% year over year. The company also strengthened its financial position with a successful equity offering and advanced its pipeline, including plans to initiate a Phase 2 trial for TP-04.

• Generated $78.3 million in XDEMVY net product sales, a 217% increase year over year.
• Dispensed approximately 72,000 bottles of XDEMVY to patients, up 23% over Q4 2024.

Agios Pharmaceuticals reported a net loss of $89.3 million in the first quarter of 2025, compared to a net loss of $81.5 million in the same period last year. Revenue from PYRUKYND sales increased to $8.7 million from $8.2 million. The company is advancing its pipeline with key milestones anticipated in 2025, including a PDUFA goal date for PYRUKYND in thalassemia and expected topline results for the Phase 3 RISE UP study in sickle cell disease.

• Generated $8.7 million in net revenue from PYRUKYND sales in Q1 2025, an increase from $8.2 million in Q1 2024.
• Reported a net loss of $89.3 million for the first quarter of 2025.

Cable One reported a challenging first quarter for 2025, with total revenues decreasing by 5.9% and net income plummeting by 93.0% compared to the prior year. The decline was primarily driven by a reduction in residential data and video subscribers, compounded by increased equity method investment losses. Despite the downturn, the company is focused on executing a multi-year plan aimed at achieving profitable growth.

• Total revenues for Q1 2025 were $380.6 million, a decrease of 5.9% year-over-year.
• Net income for Q1 2025 was $2.6 million, down significantly by 93.0% from Q1 2024.

DigitalBridge delivered a strong first quarter in 2025, with total revenues reaching $45 million and Distributable Earnings of $55 million. The company also reported a significant increase in Fee-Earning Equity Under Management (FEEUM) and new capital formation, reinforcing its position in digital infrastructure.

• Fee Revenues grew by 24% year-over-year to $90.2 million, primarily due to new capital formation in DBP series funds.
• Fee Related Earnings (FRE) increased by 79% year-over-year to $35.0 million, aligning with 2025 guidance.

Frontier Group Holdings, Inc. reported a net loss of $43 million for the first quarter of 2025, or $(0.19) per share, despite total operating revenues increasing 5% to $912 million. The results were impacted by softer travel demand in March.

• Total operating revenues reached a record $912 million for the first quarter, a 5% increase year-over-year.
• The company reported a net loss of $43 million, or $(0.19) per share, compared to a net loss of $26 million, or $(0.12) per share, in the prior year.

DiamondRock Hospitality Company announced strong first quarter 2025 results, with comparable RevPAR increasing by 2.0% and comparable Hotel Adjusted EBITDA growing by 2.2%. Net income attributable to common stockholders saw a significant increase of 59.3%. The company also completed a hotel disposition and repurchased shares.

• Net income attributable to common stockholders increased by 59.3% to $9.4 million, or $0.04 per diluted share.
• Comparable RevPAR increased by 2.0% to $186.20.

Perdoceo Education Corporation delivered a strong performance in Q1 2025, with total revenue increasing by 26.6% to $213.0 million and net income rising by 10.8% to $43.688 million. This growth was primarily fueled by the acquisition of University of St. Augustine for Health Sciences (USAHS) and continued student retention and engagement at Colorado Technical University (CTU).

• Total revenue increased by 26.6% to $213.0 million in Q1 2025, compared to $168.264 million in Q1 2024.
• Net income for Q1 2025 was $43.688 million, an increase of 10.8% from $39.442 million in Q1 2024.

Savers Value Village, Inc. reported a 4.5% increase in total net sales to $370.1 million in the first quarter of fiscal year 2025, driven by a 9.4% increase in U.S. retail sales and a 2.2% increase in Canada retail constant-currency sales. The company's net loss for the quarter was $4.7 million, or $0.03 per diluted share.

• Total net sales increased by 4.5% to $370.1 million in the first quarter.
• Comparable store sales increased by 2.8%, with U.S. comparable store sales up 4.2% and Canada comparable store sales up 0.6%.

Grid Dynamics announced record revenues of $100.4 million for the first quarter of 2025, slightly exceeding their outlook. The company achieved GAAP net income of $2.9 million and saw strong growth in the Finance vertical, which increased 144.3% year-over-year.

• Record revenues of $100.4 million were achieved in Q1 2025, slightly above the company's outlook.
• GAAP net income for Q1 2025 was $2.9 million, or $0.03 per share.

Travere Therapeutics delivered strong Q1 2025 results, driven by the successful commercial launch of FILSPARI for IgAN, with significant increases in net product sales and a substantial reduction in net loss compared to the previous year. The company also made significant progress towards expanding FILSPARI's indications and geographic reach.

• Net product sales for Q1 2025 increased significantly to $75.9 million from $40.0 million in Q1 2024, primarily due to FILSPARI sales.
• FILSPARI U.S. net product sales for Q1 2025 totaled $55.9 million, showing 182% year-over-year growth.

Skyward Specialty Insurance Group reported strong first quarter 2025 results with significant increases in net income, adjusted operating income, and gross written premiums. The company achieved its best-ever adjusted operating income and a strong annualized return on equity.

• Net income for Q1 2025 was $42.1 million, an increase from $36.8 million in Q1 2024.
• Adjusted operating income reached a record high of $37.3 million in Q1 2025, up from $31.0 million in the prior year period.

Pebblebrook Hotel Trust reported a net loss of $32.2 million for Q1 2025, compared to a net loss of $27.5 million in Q1 2024. Same-Property Total RevPAR increased by 2.1%, while Same-Property Hotel EBITDA decreased by 8.6%. Adjusted FFO per diluted share was $0.16, a decrease from $0.21 in the prior year.

• Net loss increased to $32.2 million in Q1 2025 from $27.5 million in Q1 2024.
• Same-Property Total RevPAR grew by 2.1% to $301 in Q1 2025.

Tennant Company reported a decrease in net sales and net income for the first quarter of 2025 compared to the same period in the prior year, primarily due to volume declines and lapping a significant backlog-reduction benefit. Despite this, the company highlighted strong order growth and reaffirmed its full-year 2025 guidance.

• Net sales for Q1 2025 were $290.0 million, a 6.8% decrease from Q1 2024.
• Net income for Q1 2025 was $13.1 million, a 53.9% decrease from Q1 2024.

UMH Properties, Inc. reported an increase in Total Income and Normalized Funds from Operations for the first quarter of 2025 compared to the same period in 2024, despite a Net Loss. The company highlighted strong community demand, increased occupancy, and strategic acquisitions.

• Total Income increased by 6% to $61.2 million.
• Normalized Funds from Operations (Normalized FFO) per diluted share increased by 5% to $0.23.

A10 Networks reported a strong first quarter for 2025, with revenue increasing 9% year-over-year to $66.1 million. The company achieved non-GAAP net income of $15.0 million, or $0.20 per diluted share, and authorized a new $75 million share repurchase program, demonstrating continued focus on profitability and shareholder returns.

• Total net revenue for Q1 2025 was $66.1 million, a 9% increase compared to $60.7 million in Q1 2024.
• GAAP net income was $9.5 million ($0.13 per diluted share), while non-GAAP net income reached $15.0 million ($0.20 per diluted share).

Distribution Solutions Group (DSG) announced strong first quarter 2025 results, with revenues increasing by 14.9% to $478.0 million and adjusted EBITDA growing by 18.6% to $42.8 million. The company also reported net income of $3.261 million and diluted EPS of $0.07, while expanding net margins across its three verticals.

• Revenue increased by $61.9 million, or 14.9%, to $478.0 million, including $50.8 million from five acquisitions closed in 2024.
• Adjusted EBITDA grew by $6.7 million to $42.8 million, or 9.0% of sales, compared to $36.1 million, or 8.7% of sales in the prior year quarter.

Elme Communities reported a net loss of $4.7 million for Q1 2025. Despite this, the company saw strong operational performance with a 5.5% increase in same-store multifamily NOI and a 0.5% increase in same-store multifamily average occupancy. The company also maintained a strong balance sheet with $324 million in available liquidity.

• Net loss for Q1 2025 was $4.7 million, compared to a net loss of $3.6 million in the prior year quarter.
• Core FFO per diluted share was $0.24, an increase from $0.23 in the prior year quarter.

Ardelyx delivered an outstanding first quarter in 2025, with total revenue reaching $74.1 million, a 61% increase year-over-year. This growth was primarily fueled by strong sales of IBSRELA and XPHOZAH, demonstrating the company's commercial strategy and market momentum.

• Total revenue for Q1 2025 was $74.1 million, a 61% increase compared to Q1 2024.
• IBSRELA net product sales revenue reached $44.4 million, growing approximately 57% year-over-year.

Upbound Group, Inc. announced results for the first quarter ended March 31, 2025, reporting total revenue of $1,176 million. The company's GAAP diluted earnings per share were $0.42, while Non-GAAP diluted earnings per share reached $1.00.

• Upbound Group, Inc. reported its first quarter 2025 results.
• Total revenue for the quarter was $1,176 million.

Arvinas reported a net income of $82.9 million for the first quarter of 2025, a significant improvement from a net loss of $69.4 million in the same period last year, driven by a substantial increase in revenue to $188.8 million. The company also announced positive Phase 3 trial results for vepdegestrant and strategic reprioritization of its development plans, including workforce reductions to extend cash runway.

• Reported positive topline results from the Phase 3 VERITAC-2 trial for vepdegestrant, supporting global regulatory filings.
• Announced the re-prioritization of vepdegestrant development plan, removing two Phase 3 combination trials, to maximize patient benefit and shareholder value.

Charles River Associates (CRA) announced record financial results for the first quarter of fiscal 2025, with revenue increasing by 5.9% year-over-year to $181.9 million. Net income grew by 31.5% to $18.0 million, and diluted EPS increased by 34.4% to $2.62, both setting new quarterly records. The strong performance was attributed to broad-based contributions, with five practices showing year-over-year growth.

• Revenue increased by 5.9% year-over-year to a record $181.9 million.
• Net income surged by 31.5% year-over-year to a record $18.0 million, representing 9.9% of revenue.

Employers Holdings, Inc. reported a decrease in net income and EPS for Q1 2025 compared to the prior year, primarily due to investment performance. However, adjusted net income and adjusted EPS saw significant increases. The company experienced a slight increase in gross premiums written, a decrease in net premiums earned, and an improvement in the underwriting expense ratio. Net investment income also increased significantly.

• Net income per diluted share decreased by 53% to $0.52.
• Adjusted net income per diluted share increased by 30% to $0.87.

NV5 Global, Inc. delivered strong first quarter results with significant growth in revenue and profitability. Gross revenues increased by 10%, driven by 5% organic growth. Cash flows from operations saw a substantial 96% increase. The company reaffirmed its full-year 2025 guidance, citing strong performance, backlog, and pipeline.

• Gross revenues increased by 10% to $234.0 million in Q1 2025 compared to Q1 2024.
• Net income grew significantly by 456% to $0.4 million in Q1 2025.

Xerox Holdings Corporation announced its first-quarter 2025 results with revenue of $1.46 billion, a 3.0% decrease year-over-year, but a 1.1% decrease in constant currency. The company reported a GAAP net loss of $(90) million, or $(0.75) per share, which improved by $23 million year-over-year. Adjusted net loss was $(4) million, or $(0.06) per share. Adjusted operating margin was 1.5%, a 70 basis points decrease year-over-year. The company emphasized momentum from reinvention, ITsavvy integration, and improved sales productivity.

• Revenue decreased by 3.0% year-over-year to $1.46 billion, or 1.1% in constant currency.
• GAAP net loss improved by $23 million year-over-year to $(90) million, or $(0.75) per share.

PROS Holdings, Inc. reported a strong start to 2025, exceeding guidance ranges across all metrics and achieving significant year-over-year improvements in revenue, profitability, and free cash flow.

• Total revenue increased by 7% year-over-year to $86.3 million.
• Subscription revenue grew by 10% year-over-year to $70.8 million.

Adaptive Biotechnologies reported a strong start to 2025 with total revenue of $52.4 million, a 25% increase from the prior year. The MRD business, contributing 83% of total revenue, grew 34% year-over-year, driven by a 36% increase in clonoSEQ test volume. The company also significantly reduced its net loss and adjusted EBITDA loss compared to the previous year.

• Total revenue for Q1 2025 was $52.4 million, a 25% increase from Q1 2024.
• MRD business revenue grew 34% year-over-year to $43.7 million, accounting for 83% of total revenue.

Utz Brands, Inc. announced its first fiscal quarter 2025 results, reporting a 1.6% increase in net sales to $352.1 million and a significant 137.5% increase in net income to $5.7 million. Adjusted EBITDA grew by 3.9% to $45.1 million, and adjusted earnings per share increased by 14.3% to $0.16. The company achieved nearly 3% organic net sales growth and gained dollar and pound share in the Salty Snacks category.

• Net Sales increased 1.6% to $352.1 million, with Organic Net Sales up 2.9%.
• Net Income surged 137.5% to $5.7 million, and Adjusted Net Income increased 7.2% to $22.3 million.

Cohu reported first quarter fiscal year 2025 results that were in line with guidance. The company reported net sales of $96.8 million, a GAAP loss of $30.8 million, and a non-GAAP loss of $0.8 million. Recurring revenue was approximately 63% of the total.

• First quarter revenue was $96.8 million, with approximately 63% recurring.
• GAAP loss per share was $0.66.

CommScope's first quarter of 2025 saw net sales increase by 23.5% year-over-year to $1.11 billion, with GAAP income from continuing operations of $289.7 million. Core non-GAAP adjusted EBITDA significantly improved by 159.2% to $245.2 million, demonstrating a strong start to the year driven by growth across all segments.

• Net sales increased by 23.5% year-over-year to $1.11 billion.
• GAAP income from continuing operations was $289.7 million, a significant improvement from a loss in the prior year.

Centerspace experienced revenue growth in the first quarter of 2025, primarily driven by increased same-store and non-same-store community revenues. Despite this growth, the company reported a net loss per diluted share, though it improved compared to the prior year. The increase in operating expenses, particularly real estate taxes and general and administrative costs, partially offset the revenue gains.

• Revenue increased by $2.6 million, or 4.0%, to $67.1 million in Q1 2025 compared to Q1 2024.
• Net loss per common share improved to $0.22 per diluted share in Q1 2025 from $0.37 in Q1 2024.

Middlesex Water Company reported net income of $9.5 million and diluted EPS of $0.53 for the first quarter of 2025. This represents a decrease from $10.7 million net income and $0.59 diluted EPS in the prior year quarter, primarily due to a one-time recovery in Q1 2024, partially offset by revenue growth from rate increases, customer growth, and increased consumption. Operating revenue for the quarter was $44.3 million.

• Diluted earnings per share was $0.53 for the quarter.
• Completed the acquisition of Ocean View water utility assets in Delaware.

Bicycle Therapeutics reported a net loss of $60.8 million for Q1 2025, compared to a net loss of $26.6 million in the prior year period, driven by increased R&D and G&A expenses. Collaboration revenue decreased. The company ended the quarter with $793.0 million in cash and cash equivalents, extending its financial runway into the second half of 2027. Progress was made on the pipeline, including initiating a Phase 1/2 trial for zelenectide pevedotin in NECTIN4-amplified breast cancer.

• Net loss widened to $60.8 million in Q1 2025 from $26.6 million in Q1 2024.
• Collaboration revenue was $10.0 million, down from $19.5 million in the prior year period.

Ecovyst's first quarter 2025 results showed a slight increase in sales but a net loss compared to net income in the prior year quarter. Adjusted EBITDA also decreased. The Ecoservices segment was impacted by higher costs and lower sales volume due to planned turnarounds, while the Advanced Materials & Catalysts segment saw stronger results driven by favorable sales timing in specialty and hydrocracking catalysts.

• Sales increased by 1.1% to $162.2 million compared to Q1 2024.
• Reported a Net Loss of $3.6 million, a decrease from Net Income of $1.2 million in Q1 2024.

Sun Country Airlines reported strong first quarter 2025 results with record total revenue of $327 million and record adjusted operating income of $60 million. The diversified business model, driven by robust growth in charter and cargo segments, offset weaker scheduled service demand.

• Reported total operating revenue of $326.6 million, a 4.9% increase year-over-year.
• Achieved GAAP diluted EPS of $0.66 and adjusted diluted EPS of $0.72.

BigBear.ai saw a modest revenue increase to $34.8M in Q1 2025, driven by contracts in Homeland Security and Digital Identity. However, the company posted a net loss of $62M, impacted by higher non-cash derivative losses and SG&A costs. Cash position improved significantly from warrant exercises.

• Revenue rose to $34.8M from $33.1M YoY, aided by DHS and Digital Identity awards.
• Net loss narrowed to $62.0M from $127.8M YoY due to absence of prior goodwill impairments.

Beazer Homes reported a significant decrease in net income and EPS for Q2 2025 compared to the prior year, despite a modest increase in homebuilding revenue driven by higher closings. The decline in profitability was attributed to lower operating margins, primarily due to increased price concessions and incentives, and a higher percentage of spec home closings.

• Net income from continuing operations decreased by 67.4% to $12.8 million.
• Diluted EPS from continuing operations fell by 66.7% to $0.42.

Acadian Asset Management Inc. delivered a strong performance in Q1 2025, with U.S. GAAP diluted EPS increasing by 46% to $0.54 and net income attributable to controlling interests rising by 38% to $20.1 million. The company's AUM grew to $121.9 billion, and it achieved $3.8 billion in positive net flows, marking its strongest quarter in nineteen years.

• U.S. GAAP diluted EPS increased by 46% to $0.54.
• Net income attributable to controlling interests rose by 38% to $20.1 million.

BJ's Restaurants reported a strong first quarter for fiscal year 2025, with total revenues increasing by 3.2% and comparable restaurant sales growing by 1.7%. Diluted net income per share saw a substantial increase of 79.8%, and adjusted diluted net income per share rose by 68.6%. The company also saw improvements in restaurant-level operating profit and adjusted EBITDA margins, leading to raised full-year earnings outlook and increased share repurchase expectations.

• Total revenues increased by 3.2% to $348.0 million in the first quarter of fiscal 2025.
• Diluted net income per share was $0.58, a 79.8% increase from $0.32 in the prior year.

MGP Ingredients reported a significant decrease in sales and net income for the first quarter of 2025 compared to the previous year, primarily due to lower demand for brown goods and specialty ingredients. However, the company saw positive progress in Branded Spirits, particularly with the Penelope brand, and reaffirmed its full-year 2025 financial outlook.

• Consolidated sales for Q1 2025 decreased by 29% to $121.7 million.
• The company reported a net loss of $3.1 million for the quarter, a 115% decrease from the prior year.

Plymouth Industrial REIT had a good start to 2025 with robust leasing activity and strategic acquisitions. Net income decreased year-over-year primarily due to the deconsolidation of the Chicago Portfolio, while Core FFO and AFFO also saw slight declines. The company affirmed its full-year 2025 guidance for Core FFO.

• Net income attributable to common stockholders was $0.13 per weighted average common share for Q1 2025.
• Core Funds from Operations (Core FFO) was $0.44 per weighted average common share and units for Q1 2025.

Wheels Up Experience Inc. experienced a challenging first quarter in 2025, with total revenue decreasing by 10% to $177.53 million and net loss increasing by 2% to $99.313 million compared to the same period last year. The decline was primarily due to a significant drop in membership revenue and a reduction in live flight legs, despite a focus on more profitable flying and cost reduction initiatives.

• Total revenue decreased by 10% to $177.53 million in Q1 2025, down from $197.101 million in Q1 2024.
• Net loss increased by 2% to $99.313 million in Q1 2025, compared to $97.393 million in Q1 2024.

Enviri Corporation reported first quarter 2025 results with revenues totaling $548 million, a decrease from the prior year. The company had a GAAP consolidated loss from continuing operations of $11 million but achieved Adjusted EBITDA of $67 million, exceeding guidance. Clean Earth showed strong performance with double-digit earnings growth, while Harsco Environmental and Harsco Rail experienced lower revenues.

• First quarter revenues were $548 million, a 9% decrease year-over-year.
• GAAP consolidated loss from continuing operations was $11 million.

Thryv Holdings, Inc. reported strong results for the first quarter of 2025, exceeding guidance. SaaS revenue showed significant growth, increasing 50% year-over-year and now representing over 60% of total revenue. The company also achieved a record seasoned Net Revenue Retention of 103%.

• SaaS revenue increased 50% year-over-year to $111.1 million.
• SaaS revenue excluding Keap increased 24% year-over-year to $92.2 million.

OneSpan Inc. reported a total revenue of $63.4 million for the first quarter of 2025, a 2% decrease compared to the same period in 2024. Despite the slight revenue dip, the company achieved a record high operating income of $17.2 million, a 22% increase year-over-year, and strong cash generation, with cash and cash equivalents reaching $105.2 million.

• Operating income increased 22% year-over-year to $17.2 million, reaching a record high.
• Total revenue decreased by 2% year-over-year to $63.4 million.

Clear Channel Outdoor Holdings, Inc. reported a 2.2% increase in consolidated revenue for the first quarter of 2025, driven by growth in the America and Airports segments. The company is progressing with its strategic roadmap, including the sale of international assets and debt reduction, and remains on track to deliver growth in consolidated revenues and cash flow for the full year.

• Consolidated revenue increased by 2.2% in Q1 2025 compared to Q1 2024.
• America segment revenue grew by 1.8% and Airports segment revenue grew by 4.0%.

Gannett demonstrated strong progress in its digital transformation in 2024, with total digital revenues exceeding 45% of total revenues in Q4 and over $1.1 billion for the year. The company achieved full-year growth in Adjusted EBITDA and free cash flow, while also reducing debt.

• Total digital revenues increased by 1.2% year-over-year, reaching $280.4 million in Q4 2024.
• Digital-only subscription revenues grew by 17.0% to $49.0 million in Q4 2024.

NPK International Inc. delivered a strong first quarter in 2025, with revenues increasing by 32% to $64.8 million and adjusted EBITDA from continuing operations growing by 59% to $19.7 million. The company also reported an EPS of $0.12 and repurchased $11 million of common equity.

• Revenues increased by 32% to $64.8 million in Q1 2025 compared to the prior year period.
• Adjusted EBITDA from Continuing Operations grew by 59% to $19.7 million, with a margin of 30.4%.

Kura Oncology reported a net loss of $57.4 million for the first quarter of 2025, compared to a net loss of $49.5 million for the same period in 2024. The company's collaboration revenue significantly increased to $14.1 million from no revenue in the prior year, driven by its partnership with Kyowa Kirin. Research and development expenses rose to $56.0 million, reflecting increased clinical activities. The company ended the quarter with $658.2 million in cash, cash equivalents, and short-term investments, with a pro forma cash of $703.2 million after accounting for a $45 million milestone payment.

• NDA for ziftomenib submitted to FDA in Q1 2025 for relapsed or refractory AML with NPM1 mutation, triggering a $45 million milestone payment from Kyowa Kirin.
• Positive topline results from KOMET-001 (ziftomenib in R/R NPM1-m AML) accepted for oral presentation at ASCO and EHA.

CTO Realty Growth, Inc. started the year with strong results, acquiring a significant property and demonstrating robust operating fundamentals through strong leasing spreads and pipeline growth. Despite a decrease in net income compared to the prior year, Core FFO and AFFO per diluted share remained solid, and the company reaffirmed its full-year guidance.

• Acquired Ashley Park, a 559,000-square-foot lifestyle center, for $79.8 million at a going-in cap rate near the high end of the company's guidance range.
• Signed 109,000 square feet of comparable leases with a positive cash rent spread of 37.2%, indicating strong leasing activity and demand.

LendingTree reported solid performance in the first quarter of 2025, driven by year-over-year revenue growth across all three business segments. While GAAP net income reflected a loss primarily due to an increase in litigation reserves, non-GAAP adjusted net income per share was positive, and Adjusted EBITDA saw a 14% year-over-year increase.

• Consolidated revenue for the first quarter of 2025 was $239.7 million, an increase of 43% compared to the first quarter of 2024.
• Revenue grew in all three segments year-over-year: Home increased 22%, Consumer increased 9%, and Insurance increased 71%.

ACCO Brands reported first quarter net sales of $317.4 million, which was within their outlook, and exceeded adjusted EPS expectations. The company saw strong operational performance with gross margin expansion and lower SG&A expense, despite a net loss of $13.2 million.

• Net sales were $317.4 million, aligning with the company's outlook.
• Gross margins expanded by 60 basis points, indicating improved operational efficiency.

Mercer International Inc. reported a first quarter 2025 operating EBITDA of $47.1 million, a decrease from $63.6 million in the same quarter of 2024. The company's net loss for the quarter was $22.3 million, compared to a net loss of $16.7 million in Q1 2024. Revenues decreased by approximately 8% to $507.0 million. The results were impacted by annual planned maintenance downtime at the Celgar mill and the weaker dollar against the euro.

• Operating EBITDA decreased to $47.1 million in Q1 2025 from $63.6 million in Q1 2024.
• Net loss for Q1 2025 was $22.3 million, compared to a net loss of $16.7 million in Q1 2024.

SNDL's Q1 2025 results indicate a positive trend with a 3.6% increase in net revenue to $205 million and a significant 12.4% rise in gross profit to $56.6 million. The Cannabis segment was a key driver of revenue growth, consistently expanding over the past thirteen quarters, while the Liquor Retail segment experienced a slight decline.

• Revenue growth in Q1 was primarily driven by the Cannabis segment, showcasing the benefits of the Company's vertical integration strategy.
• The increase in gross margin was largely due to productivity initiatives within the Cannabis Operations segment and synergies from the Indiva acquisition.

Cerus Corporation delivered a strong start to 2025, with first quarter product revenue increasing by 13% to $43.2 million and total revenue reaching $48.9 million. The company also achieved a positive non-GAAP adjusted EBITDA and reiterated its full-year 2025 product revenue guidance.

• First quarter 2025 product revenue increased by 13% to $43.2 million compared to the prior year.
• Total revenue for the first quarter of 2025 was $48.9 million, including $5.6 million in government contract revenue.

Olympic Steel reported net income of $2.5 million, or $0.21 per diluted share, on sales of $493 million for the first quarter of 2025. Flat-rolled shipping volumes increased significantly, and the company maintained positive EBITDA across all business segments despite a challenging macroeconomic environment.

• Net income for Q1 2025 was $2.5 million, or $0.21 per diluted share.
• Total sales for Q1 2025 were $493 million.

Oil States International reported a net income of $3.2 million and Adjusted EBITDA of $18.7 million in the first quarter of 2025, with revenues of $159.9 million. This represents a sequential decrease in revenue and net income compared to Q4 2024, but a significant improvement year-over-year in net income and operating income.

• Consolidated revenues for Q1 2025 were $159.9 million, a decrease of 3% sequentially and 4% year-over-year.
• Net income for Q1 2025 was $3.2 million, or $0.05 per share.

El Pollo Loco's first quarter 2025 results fell short of expectations despite a slight increase in total revenue. The company saw a decrease in comparable restaurant sales system-wide and a decline in operating income and net income compared to the prior year.

• Total revenue increased to $119.2 million from $116.2 million in the prior year.
• System-wide comparable restaurant sales decreased by 0.6%.

Phathom Pharmaceuticals reported a significant increase in net revenues for Q1 2025 driven by the continued launch of VOQUEZNA products. Despite seasonal headwinds, filled prescriptions for VOQUEZNA increased sequentially. The company also announced strategic cost reductions and leadership changes aimed at achieving profitability from operations, excluding stock-based compensation, in 2026.

• Net revenues for Q1 2025 reached $28.5 million, a substantial increase from $1.9 million in Q1 2024.
• VOQUEZNA launch momentum continued with over 390,000 prescriptions filled to date and approximately 127,000 filled prescriptions in Q1 2025, representing 8% sequential growth.

Cooper Standard reported a net income of $1.6 million and an operating income of $22.3 million for the first quarter of 2025, demonstrating significant year-over-year improvements despite a slight decline in sales.

• Gross profit increased by 25.2% to $77.2 million compared to the first quarter of 2024.
• Operating income saw a substantial increase of 539.2% to $22.3 million from the first quarter of 2024.

Asure Software, Inc. announced a strong start to 2025 with first-quarter total revenues of $34.9 million, a 10% increase year-over-year. Recurring revenue grew by 10% to $33.2 million. Despite a net loss of $2.4 million, the company saw an increase in Adjusted EBITDA to $7.3 million and a significant rise in gross profit to $24.6 million.

• Total revenue for Q1 2025 was $34.9 million, marking a 10% increase year-over-year.
• Recurring revenue reached $33.2 million, up from $30.3 million in the prior year's first quarter.

Rimini Street, Inc. reported a revenue of $104.2 million for the three months ended March 31, 2025, a 2% decrease from the previous year. Despite the revenue decline, the company saw a significant increase in net income to $3.35 million and operating income to $9.361 million. The gross profit margin improved to 61.0%.

• Revenue decreased by 2% to $104.2 million compared to the same period last year, primarily due to attrition of large client contracts.
• Net income increased by 154.4% to $3.35 million, driven by an increase in income before income taxes.

OneWater Marine Inc. reported a challenging fiscal second quarter 2025, with total revenue decreasing by 1.0% to $483.5 million. The company experienced a net loss of $375 thousand, or $(0.02) per diluted share, and adjusted diluted earnings per share of $0.13. Gross profit margin decreased to 22.8%.

• Revenue decreased 1.0% to $483.5 million in fiscal second quarter 2025 compared to the prior year.
• Same-store sales decreased by 2%, primarily due to lower sales in the West Coast of Florida.

Fulcrum Therapeutics reported a reduced net loss in Q1 2025 compared to the previous year, primarily due to decreased R&D and G&A expenses. The company ended the quarter with a strong cash position, extending its cash runway into at least 2027.

• Net loss for Q1 2025 was $17.7 million, a decrease from $26.9 million in Q1 2024.
• Research and development expenses decreased by $6.4 million compared to the prior year period.

Forum Energy Technologies reported first quarter 2025 revenue of $193 million and net income of $1 million, or $0.09 per diluted share. The company generated $7 million in free cash flow and maintained its full-year free cash flow guidance despite economic uncertainties.

• Orders reached $201 million, resulting in a book-to-bill ratio of 104%.
• Revenue for the quarter was $193 million.

RE/MAX Holdings reported a decrease in total revenue for the first quarter of 2025 compared to the previous year, primarily due to lower U.S. agent count and adverse foreign currency movements. Despite this, the company saw an increase in Adjusted EBITDA and Adjusted EPS, indicating improved profitability and efficiency.

• Total Revenue decreased by 4.9% to $74.5 million.
• Net loss attributable to RE/MAX Holdings was $(2.0) million, with GAAP EPS of $(0.10).

Amwell delivered a strong Q1 2025, with total revenue reaching $66.8 million and significant improvement in net loss and Adjusted EBITDA. The company advanced its strategic initiatives, including progress with the Military Health System and improvements in revenue quality and cost alignment, moving closer to its goal of achieving cash flow breakeven from operations in 2026.

• Total revenue for Q1 2025 was $66.8 million, showing growth compared to the previous year.
• Net loss significantly improved to ($18.4) million from ($44.6) million in Q4 2024.

DMC Global reported a solid start to the year with sequential sales growth and a significant increase in adjusted EBITDA attributable to DMC, driven by operational improvements in its largest businesses, despite ongoing macroeconomic and tariff-related challenges.

• First quarter sales were $159.3 million, up 5% sequentially but down 5% year-over-year.
• Net income attributable to DMC was $0.7 million.

GSI Technology reported a strong fourth quarter with increased revenue and significantly reduced net loss, driven by strong demand for legacy SRAM chips and disciplined cost management. The company also secured an initial order for radiation-hardened SRAM, indicating future growth potential.

• Fourth quarter revenue increased 14% year-over-year and 9% sequentially to $5.9 million.
• Net loss was significantly reduced to $(2.2) million, down from $(4.3) million in the prior year quarter.

NextCure reported a net loss of $11.0 million for the first quarter of 2025, an improvement from the $17.1 million net loss in the prior year's quarter. The decrease in net loss was primarily driven by lower research and development expenses and general and administrative expenses, resulting from the 2024 restructuring.

• Net loss for Q1 2025 was $11.0 million, a decrease from $17.1 million in Q1 2024.
• Research and development expenses decreased by $3.5 million compared to Q1 2024.

Oaktree Specialty Lending Corporation reported a decrease in net investment income for the second fiscal quarter of 2025, primarily driven by lower total investment income due to a smaller investment portfolio, non-accrual investments, and decreased reference rates. The company's net asset value per share also declined.

• Total investment income was $77.6 million, down from $86.6 million in the previous quarter.
• GAAP net investment income was $39.1 million, a decrease from $44.3 million in the prior quarter.