Reports

The company delivered solid Q2 performance with a significant increase in normalized FFO and robust net income, backed by continued strength in its core housing operations.

• Reported net income of $301.9 million, or $0.45 per diluted share.
• Normalized FFO per share rose to $1.28 from $1.05 last year.

Waste Management delivered solid Q2 results with strong revenue growth and a significant increase in operating cash flow, supported by performance in core Collection and Disposal, Recycling, and WM Renewable Energy segments.

• Revenue rose to $6.43 billion, reflecting growth across legacy and healthcare operations.
• Adjusted EPS reached $1.92, boosted by operational efficiencies and cost control.

Cadence delivered strong Q2 results driven by AI product demand, achieving 20% YoY revenue growth and surpassing non-GAAP EPS expectations, despite export restrictions to China.

• Revenue grew to $1.275 billion, up from $1.061 billion in Q2 2024.
• Non-GAAP EPS reached $1.65, beating guidance.

Enterprise Products delivered strong operating and net income for Q2 2025, with record volumes in several pipeline and processing categories, supported by robust performance from fee-based assets and natural gas marketing.

• Net income reached $1.44 billion, up from $1.42 billion in Q2 2024.
• Distributable Cash Flow increased to $1.939 billion.

The Hartford posted significant year-over-year growth in net income and EPS, driven by strong underwriting performance, investment income, and premium growth across segments.

• Net income rose to $990 million, up from $733 million last year.
• Core earnings reached $981 million, with adjusted EPS at $3.41.

Brown & Brown delivered higher revenue and improved adjusted profitability, although net income and EPS declined compared to the same quarter last year.

• Revenue increased to $1.3 billion from $1.178 billion.
• Adjusted EPS rose to $1.03, up from $0.93 last year.

Nucor posted strong Q2 results with net income of $603 million and revenue of $8.46 billion, driven by gains across its steel mills, steel products, and raw materials segments.

• Net income reached $603 million, up from $156 million in Q1 2025.
• Steel mill shipments and pricing improved, boosting segment profitability.

Veralto delivered a solid performance in Q2 2025, driven by steady customer demand and strong commercial execution, resulting in higher revenue, improved profitability, and increased adjusted earnings.

• Revenue rose to $1.371 billion, up from $1.288 billion a year ago.
• Adjusted EPS reached $0.93, up from $0.85 in Q2 2024.

Telefônica Brasil delivered a strong second quarter with robust performance across mobile and fiber segments. Revenue, EPS, and net income all improved year-over-year, supported by customer growth and ARPU gains.

• Revenue rose 7.1% year-over-year to R$14.65 billion.
• Net income increased 10.0% to R$1.344 billion.

Principal Financial delivered strong operating performance in Q2 2025, highlighted by rising earnings, robust capital returns, and healthy margins across key segments.

• Net income rose to $406,200,000 for the quarter.
• Adjusted EPS reached $2.16, up from $1.63 a year ago.

Woodward delivered solid third-quarter performance with robust growth in Aerospace sales and a year-over-year increase in earnings and revenue.

• Total Q3 revenue reached $915,446,000, up from $847,688,000 last year.
• EPS increased to $1.76, reflecting an 8% rise year-over-year.

Revvity delivered $720 million in revenue and $53.9 million in net income during Q2 2025, outperforming expectations with disciplined execution and a robust innovation pipeline.

• GAAP EPS was $0.46 and adjusted EPS came in at $1.18.
• Revenue reached $720 million, showing continued growth.

UHS delivered solid performance in Q2 2025, driven by higher Medicaid reimbursements and growth across both acute and behavioral health segments.

• Reported revenue rose to $4.28B, up from $3.91B in Q2 2024.
• Net income increased to $353.2M, with EPS at $5.43.

Exelixis posted solid Q2 2025 results driven by a surge in CABOMETYX product revenues, despite a year-over-year decline in collaboration revenues and total net income.

• CABOMETYX generated $517.9M in net product revenue, contributing the vast majority of total sales.
• GAAP net income dropped to $184.8M from $226.1M in Q2 2024.

Crane reported a solid second quarter with revenue reaching $577.2 million, net income of $80.3 million, and adjusted EPS of $1.49. Aerospace & Electronics led the performance with substantial order growth and margin expansion.

• Revenue increased to $577.2 million, supported by 6.5% core sales growth.
• Adjusted EPS rose to $1.49, reflecting improved operational productivity.

Brixmor Property Group delivered strong results in Q2 2025, with record small shop occupancy, robust leasing spreads, and solid growth in Nareit FFO. The company also stabilized multiple reinvestment projects and improved its guidance for the year.

• Recorded Nareit FFO of $171,475,000 or $0.56 per share.
• Net income rose to $85,139,000 from $70,125,000 a year ago.

Simpson Manufacturing delivered solid Q2 2025 results, with year-over-year growth in revenue, EPS, and net income. North America led sales growth, aided by recent acquisitions and price increases. The company reaffirmed its FY2025 guidance.

• Revenue grew 5.7% year-over-year to $631,055,000.
• EPS increased to $2.47 from $2.31 a year earlier.

Rithm Capital delivered strong performance in Q2 2025, driven by growth in origination and servicing, increased assets under management, and higher investment income.

• GAAP net income rose to $283.9 million, a significant increase from the prior quarter.
• Earnings available for distribution reached $291.1 million.

UFP Industries faced a 4% revenue decline in Q2 2025 driven by soft demand and pricing pressure. Net income fell to $100.7M and EPS to $1.70. The company maintained a strong balance sheet and emphasized cost savings and market share growth in key segments.

• Revenue decreased to $1.84B, driven by lower prices and organic unit sales.
• Net income fell to $100.7M, impacted by impairment charges and soft end-market demand.

Whirlpool's Q2 2025 performance reflected sequential sales growth across all segments but was impacted by lower overall demand, competitive import pressures, and non-cash equity losses. Cost management remained strong, and margins held steady on an ongoing basis.

• Net sales declined 5.4% year-over-year to $3.773 billion
• GAAP EPS dropped to $1.17, with ongoing EPS at $1.34

NOV delivered solid Q2 2025 results, with higher EPS, improved profitability across all segments, and robust international activity bolstering its performance.

• Revenue reached $2.16 billion, up from $2.09 billion in Q2 2024.
• Adjusted EPS was $0.39, up from $0.39 in the prior year.

Amkor exceeded guidance in Q2 2025 with revenue reaching $1.51B, driven by double-digit growth across all end markets and a strategic presence in AI and HPC technologies.

• Revenue reached $1.51 billion, up from $1.322 billion in Q1 2025.
• Net income rose to $54 million with EPS of $0.22.

Sanmina delivered a strong performance in Q3 FY2025, with both revenue and non-GAAP EPS surpassing expectations. The company showed solid operating margin and excellent cash flow, driven by operational efficiency and favorable business mix.

• Revenue reached $2.04 billion, surpassing prior guidance.
• GAAP EPS was $1.26; Non-GAAP EPS came in at $1.53.

Ameris Bancorp posted a net income of $109.8 million in Q2 2025, driven by higher net interest income, expanding net interest margin, and robust mortgage activity. The bank also improved its efficiency ratio and grew its tangible book value per share.

• Net income was $109.8 million, or $1.60 per diluted share.
• Net interest margin expanded to 3.77% from 3.73% last quarter.

Kilroy Realty posted $289.9 million in revenue for Q2 2025 and reported net income of $68.4 million. Occupancy and leasing improved across the stabilized portfolio, and the company advanced its capital recycling strategy with multiple sales and dispositions.

• Revenue for Q2 2025 reached $289.9 million, up from $280.7 million a year ago.
• Net income was $68.4 million, or $0.57 per diluted share.

Despite posting a net loss of $1.3 million, Olin generated $1.76 billion in revenue and $176.1 million in adjusted EBITDA for Q2 2025. Higher sales in chlor alkali, epoxy, and Winchester segments helped offset weak pricing and increased costs.

• Revenue rose to $1.76 billion, up from $1.64 billion in Q2 2024.
• Net loss was $1.3 million, or ($0.01) per diluted share.

New Gold delivered robust results in Q2 2025 with increased gold production, strong performance from both Rainy River and New Afton, and record quarterly free cash flow of $63M.

• Generated $308.4M in revenue, up from $218.2M a year earlier.
• Posted net income of $68.6M with adjusted EPS of $0.11.

CNO Financial reported $91.8 million in net income and $87.5 million in net operating income for Q2 2025. The company experienced double-digit growth in new annualized premiums and maintained strong return on equity, while returning $116.7 million to shareholders.

• Net income was $91.8 million, or $0.91 per diluted share:contentReference[oaicite:0]{index=0}.
• Net operating income was $87.5 million, or $0.87 per share:contentReference[oaicite:1]{index=1}.

COPT Defense delivered robust Q2 2025 results, including higher EPS and FFO per share. Occupancy and leasing levels remained high, and the company raised its full-year guidance due to outperformance across key operational metrics.

• Reported EPS of $0.34 and adjusted FFO per share of $0.68
• Total leasing volume of 724,000 SF, including 233,000 SF of vacancy leasing

PotlatchDeltic reported a decline in both revenue and net income in Q2 2025 compared to the previous year, impacted by weak lumber markets, while maintaining stability in its Timberlands and Real Estate businesses.

• Revenue totaled $275,000,000 in Q2 2025, down from $320,700,000 in Q2 2024.
• EPS was $0.09, with net income of $7,400,000.

Western Union’s Q2 2025 results showed a year-over-year revenue decline, driven by a downturn in North America retail and Iraq, though strength in digital and consumer services partly offset this. Adjusted EPS and net income declined from the prior year.

• Revenue declined 4% to $1.03B due to weakness in North America and Iraq.
• Branded Digital revenue grew 6%, with transactions up 9%.

Bank of Hawai‘i delivered strong Q2 results with earnings and net interest income improving sequentially. Asset quality remained robust, and expenses were managed well despite a rise in FDIC insurance costs.

• EPS rose to $1.06, up from $0.97 in the previous quarter.
• Net interest income reached $129.7M, up for the fifth consecutive quarter.

Curbline delivered solid performance in Q2 2025 with higher net income, improved leasing spreads, and strong acquisition activity. The company maintained a high leased rate and raised additional capital to fuel expansion.

• Net income rose to $10.4 million, or $0.10 per diluted share, from $6.2 million in Q2 2024
• Operating FFO increased to $26.9 million from $19.8 million in the prior year

NBT Bancorp saw a decrease in reported net income due to acquisition-related costs, but strong operating performance and expanded assets from the Evans acquisition contributed to solid adjusted results.

• Net income for Q2 2025 was $22.5 million, down from $36.7 million in Q1.
• Adjusted (operating) EPS rose to $0.88, driven by the Evans acquisition.

Pathward delivered stable performance in Q3 2025 with revenue reaching $195.8 million and net income at $42.1 million. While net interest income held steady, growth was primarily fueled by increased noninterest income. The company maintained strong asset quality, despite a higher allowance for credit losses.

• Total revenue rose to $195.8 million, up 4% from Q3 2024
• Noninterest income increased to $73.4 million, driven by card and deposit fees, and secondary market revenue

Merchants Bancorp's Q2 2025 performance saw net income fall to $38 million, mainly due to a sharp rise in provisions for credit losses linked to multi-family mortgage issues. Despite this, gains from loan sales and asset management fees improved significantly.

• Net income declined to $38.0 million, down 50% YoY due to higher provision for credit losses.
• EPS fell to $0.60, compared to $1.49 in Q2 2024.

Despite a GAAP net loss of $272.3 million largely due to a $199.9 million litigation accrual, Two Harbors delivered $29.5 million in core earnings and maintained strong MSR servicing income. The book value per share declined significantly, and economic return on book value was negative.

• Reported GAAP net loss of $272.3 million or $(2.62) per share due to a litigation-related expense.
• Earnings available for distribution (non-GAAP) were $29.5 million or $0.28 per share.

Harmonic exceeded the high end of its guidance in both revenue and profitability during Q2 2025, supported by robust momentum in its Video segment and early positive signs in Broadband upgrades.

• Total revenue reached $138.0 million, slightly below the prior year but above guidance.
• Video segment saw strong growth with revenue of $51.1 million and 67.0% gross margin.

Ultra Clean saw steady revenue in Q2 2025 but posted a large net loss driven by a goodwill impairment. However, non-GAAP metrics remained positive, indicating operational strength excluding one-time charges.

• Reported revenue held steady at $518.8 million, showing stability in core business.
• A $151.1 million goodwill impairment drove a GAAP net loss of $162.0 million.

Kforce posted $334.3 million in revenue with EPS of $0.59 in Q2 2025. Sequential Flex revenue growth and improved operating margin highlighted resilience, even as year-over-year comparisons remained pressured.

• Total revenue was $334.3 million, down 6.2% year-over-year but up 1.3% sequentially.
• EPS reached $0.59, a 31.1% increase from Q1 2025.

Business First Bancshares delivered a robust quarter with $20.8 million in net income and improved capital ratios, supported by stable NIM and strategic branch activity.

• Net income available to common shareholders was $20.8 million, or $0.70 per diluted share.
• Net interest margin remained steady at 3.68%, despite headwinds from excess funding and deposit sale.

Alerus delivered solid second-quarter results, with net income reaching $20.3 million, driven by higher noninterest income and disciplined expense management. Strategic asset optimization and loan sales further strengthened the balance sheet.

• Net income grew to $20.3 million, up from $13.3 million in Q1 2025.
• Adjusted EPS came in at $0.72, reflecting strong operational efficiency.

Tilray’s Q4 2025 saw a moderate decline in revenue and gross profit compared to the prior year, largely due to impairments and strategic shifts in cannabis and beverage categories. The company still posted positive adjusted net income and continued to grow its distribution and wellness segments.

• Reported net revenue of $224.5M, slightly down from $229.9M YoY
• Massive non-cash impairment charge of $1.4B drove net loss to $1.27B

Beyond, Inc. saw sequential revenue growth in Q2 2025 while narrowing its net loss and improving adjusted EBITDA significantly year-over-year.

• Net revenue for Q2 2025 was $282 million, down 29.1% year-over-year but up 22% sequentially.
• Net loss narrowed to $19.3 million, a 55% improvement compared to Q2 2024.

Bank of Marin Bancorp posted a net loss in Q2 2025 primarily due to a one-time loss from securities repositioning, which management expects to benefit future margins. Operating income showed improvement on an adjusted basis.

• Posted a GAAP net loss of $8.5 million due to a $18.7 million loss on sale of securities.
• Adjusted EPS was $0.29, close to Q1 levels despite the loss event.

Ranger Energy Services delivered sequential and year-over-year revenue growth in Q2 2025, increased profitability, and strong free cash flow, supported by solid segment contributions and efficiency gains.

• Revenue grew to $140.6 million, a 2% YoY and 4% QoQ increase.
• Net income rose to $7.3 million, with EPS of $0.32.

NewtekOne reported solid revenue growth and profitability in Q2 2025, supported by rising net interest income, continued ALP loan activity, and improved operating efficiency.

• EPS rose to $0.52 (diluted), up from $0.43 in Q2 2024.
• Total revenue reached $70.2 million, a 15% YoY increase.

Ekso Bionics saw a significant drop in revenue during Q2 2025, primarily from delayed Enterprise Health sales, but partially offset by increased Personal device sales and reduced service costs.

• Revenue declined to $2.06 million from $4.95 million YoY.
• Gross margin decreased to 40% from 53% YoY.