Reports

Visa delivered a strong Q4 2025 performance, with revenue rising to $10.7 billion and adjusted EPS increasing to $2.98. Key business drivers showed continued momentum, though GAAP net income slightly declined year-over-year due to higher expenses.

• Revenue grew 12% year-over-year, reaching $10.7 billion
• Adjusted EPS rose 10% to $2.98, while GAAP EPS declined slightly

UnitedHealth Group delivered solid performance in Q3 2025, posting $113.2 billion in revenue and raising its full-year earnings outlook. While operating and net income declined compared to the prior year due to medical cost pressures, key segments like Optum Rx and UnitedHealthcare grew steadily.

• Raised FY2025 EPS guidance to at least $14.90 (adj. EPS: $16.25).
• Revenue reached $113.2 billion, up from $100.8 billion last year.

Novartis delivered strong Q3 2025 results, driven by key brands like Kisqali and Kesimpta, along with continued innovation success including the FDA approval of Rhapsido.

• Revenue reached $13.91 billion, up from $12.82 billion the previous year
• EPS rose to $2.04, with Core EPS at $2.25

Booking Holdings delivered a solid Q3 2025 with strong revenue and EPS growth, fueled by higher room nights, strong gross bookings, and efficiency gains through its Transformation Program.

• Revenue reached $9.0B, up 13% YoY.
• Net income rose to $2.7B with EPS of $84.41.

NextEra Energy delivered solid Q3 2025 results, posting 9.7% adjusted EPS growth and $2.44B in net income. Strong contributions from both FPL and NEER segments, along with a strategic nuclear partnership with Google, underpinned performance.

• Adjusted EPS increased 9.7% YoY to $1.13
• Net income rose to $2.44B, up from $1.85B last year

American Tower reported solid third-quarter performance driven by increased international tenant billings and strong demand in its data center segment, with notable gains in net income due to favorable foreign exchange impacts.

• Net income rose sharply to $853,000,000, largely due to foreign currency gains compared to losses last year.
• Adjusted EBITDA reached $1,816,000,000, reflecting healthy operational performance.

Royal Caribbean delivered outstanding Q3 2025 results with $1.58B in net income and exceeded expectations on strong close-in demand and cost management.

• EPS reached $5.74, beating prior guidance on higher demand and lower costs
• Total revenue grew to $5.14B, driven by both ticket and onboard sales

Sherwin-Williams delivered a solid Q3 2025 with revenue and net income both increasing year-over-year. Strength in the Paint Stores Group and margin expansion offset continued weakness in the Consumer Brands Group.

• Net sales grew 3.2% year-over-year to $6.36 billion.
• Adjusted EPS rose to $3.59, reflecting strong operational execution.

Mondelez International delivered 5.9% revenue growth in Q3 2025, supported by higher pricing. However, profits declined significantly due to inflationary pressures and unfavorable product mix.

• Organic Net Revenue grew by 3.4%, driven by pricing.
• Adjusted EPS declined to $0.73 amid higher input costs.

Ecolab delivered a strong third quarter driven by pricing acceleration, volume growth, and expanded operating margins. Life Sciences, Pest Elimination, and Institutional & Specialty led the growth, while softness persisted in Basic Industries and Paper.

• Adjusted EPS rose to $2.07, with reported EPS at $2.05.
• Revenue reached $4.165 billion, growing 4% YoY.

UPS delivered $21.4 billion in revenue and maintained profitability with $1.31 billion in net income. Adjusted EPS reached $1.74, supported by a $330 million gain from a property sale-leaseback. The company highlighted efficiency improvements and reaffirmed its transformation strategy heading into peak season.

• Consolidated revenue reached $21.4 billion for Q3 2025.
• Diluted EPS was $1.55; adjusted EPS was $1.74.

Carrier generated $5.6 billion in revenue for Q3 2025, down 7% year-over-year, with organic sales down 4%. GAAP EPS was $0.47 and adjusted EPS was $0.67. Net income from continuing operations reached $407 million, and operating profit was $539 million. The company announced a new $5 billion share repurchase authorization while maintaining solid cash generation with $224 million in free cash flow.

• Revenue decreased 7% year-over-year to $5.6 billion.
• GAAP EPS was $0.47; adjusted EPS was $0.67.

Corning delivered strong Q3 2025 results with core sales reaching an all-time high of $4.27B and core EPS rising to $0.67. The company saw significant growth in Optical Communications due to Gen AI products and is on track to hit key margin targets ahead of schedule.

• Core sales reached $4.27B, up from $3.73B a year ago.
• Core EPS increased to $0.67, with GAAP EPS at $0.50.

ONEOK posted strong Q3 2025 results with $940 million in net income and robust contributions from all segments. The EnLink and Medallion acquisitions enhanced performance, especially in Natural Gas Liquids and Gathering & Processing. Cash reserves reached $1.2 billion.

• Net income rose to $940 million with EPS of $1.49.
• Adjusted EBITDA reached $2.12 billion, including $7 million in transaction costs.

Electronic Arts posted $1.839 billion in revenue and $137 million in net income for Q2 FY26, as net bookings declined due to tough comparisons with the prior-year release of College Football 25. However, Madden NFL 26 and Apex Legends returned to net bookings growth.

• Net revenue was $1.839 billion, down 9% year-over-year.
• Net income dropped to $137 million from $294 million in Q2 FY25.

MSCI delivered strong Q3 2025 results, highlighted by 9.5% revenue growth, a 17.1% surge in asset-based fees, and a new $3 billion share repurchase authorization. Profitability remained high, with adjusted EBITDA margin at 62.3%.

• Revenue reached $793,426,000, driven by higher recurring subscriptions and asset-based fees.
• Net income rose to $325,386,000, reflecting strong operational performance.

Sysco delivered $21.1 billion in revenue with flat EPS of $0.99 and a net income of $476 million in Q1 2026. Adjusted EPS rose to $1.15, driven by strong local business performance and margin management.

• Revenue grew 3.2% to $21.1 billion, supported by improvements in U.S. and international segments.
• Net income declined 2.9% to $476 million, while adjusted net income rose to $551 million.

CoStar delivered double-digit revenue growth for the 58th consecutive quarter, achieving $834 million in revenue. Despite strong top-line growth, the company reported a GAAP net loss of $31 million due to acquisition costs and stock-based compensation. Non-GAAP earnings and adjusted EBITDA showed strong year-over-year gains.

• Revenue reached $834 million, up 20% from Q3 2024.
• Net loss was $31 million, driven by integration-related expenses.

Xylem reported Q3 2025 revenue of $2.27 billion and net income of $227 million. Adjusted EPS surged 23% to $1.37, driven by strong demand, pricing, and operational efficiency. Net income margin was 10.0%.

• Revenue reached $2.27 billion, up 8% year-over-year, with all segments contributing to growth.
• Adjusted EBITDA margin expanded to a record 23.2%, supported by pricing and productivity gains.

IQVIA delivered solid Q3 2025 results with $4.1 billion in revenue, $331 million in net income, and strong free cash flow of $772 million. The company highlighted robust R&D Solutions demand and continued growth in TAS and CSMS segments.

• Revenue reached $4.1 billion, a 5.2% increase year-over-year.
• Net Income was $331 million with Adjusted EPS of $3.00.

Seagate reported robust Q1 2026 results with revenue growing 21% YoY to $2.63 billion and adjusted EPS of $2.61. Record gross margins and solid free cash flow demonstrated strong demand for its high-capacity storage solutions.

• Revenue increased 21% YoY to $2.63 billion
• Non-GAAP gross margin reached a record 40.1%

Veralto achieved solid performance in Q3 2025 with 5.1% core sales growth, strong operating margins, and earnings of $239M. Non-GAAP EPS came in at $0.99, supported by disciplined execution and resilient demand across its key segments.

• Revenue reached $1.404 billion, up 6.9% YoY.
• Net income was $239 million with GAAP EPS of $0.95.

SoFi delivered a strong Q3 2025, achieving record adjusted revenue of $949.63M and net income of $139.4M. Member and product growth also reached all-time highs, and loan originations hit $9.9B. The company raised full-year guidance driven by strength across its lending and financial services segments.

• Adjusted net revenue reached a record $949.63 million
• Net income came in at $139.4 million, marking the 8th consecutive quarter of GAAP profitability

Expand Energy posted robust third quarter 2025 results, reporting revenue of $2.966 billion and GAAP EPS of $2.28, supported by strong natural gas production and operational cash flows.

• Revenue for Q3 2025 was $2.966 billion, exceeding expectations.
• Reported GAAP EPS of $2.28 per share and adjusted EPS of $0.97 per share.

Equity Residential delivered solid Q3 2025 performance, with EPS doubling from the prior year and positive momentum in high-demand urban markets. Revenue, EPS, and net income all saw strong increases, with record retention and healthy operating fundamentals across the portfolio.

• EPS grew 100% YoY to $0.76; Normalized FFO per share rose to $1.02.
• Revenue reached $782,411,000 for the quarter, up from $748,348,000 YoY.

PPG delivered a strong third quarter, achieving record adjusted EPS of $2.13 and net income of $444 million. Revenue rose slightly year-over-year, supported by organic growth in key coatings segments. Operational efficiency and strategic focus on high-performing sectors like aerospace and OEM coatings drove profitability.

• Achieved record adjusted EPS of $2.13 for a third quarter.
• Net income remained stable at $444 million.

Hubbell reported Q3 2025 revenue of $1.50 billion and net income of $255.5 million. The company achieved strong adjusted EPS growth, driven by operational efficiencies, robust Electrical Solutions performance, and favorable tax rates.

• Revenue grew 4% year-over-year to $1.50 billion.
• Adjusted EPS rose to $5.17, up from $4.61 in Q3 2024.

Edison International reported a substantial rise in earnings for Q3 2025, driven by higher operating revenue and a favorable decision on the 2025 General Rate Case. Core EPS grew to $2.34, and net income surged to $832 million. The company also narrowed its full-year guidance and reaffirmed long-term EPS growth targets.

• Q3 2025 net income rose to $832 million, up from $516 million YoY:contentReference[oaicite:0]{index=0}.
• Operating revenue reached $5.75 billion, a YoY increase from $5.2 billion:contentReference[oaicite:1]{index=1}.

Labcorp reported Q3 2025 revenue of $3.56 billion and net income of $261.1 million. Adjusted EPS grew to $4.18 and operating income improved significantly due to strong Diagnostics and Central Labs demand, innovation, and recent acquisitions.

• Revenue grew 8.6% year-over-year to $3.56 billion.
• Adjusted EPS rose to $4.18, up from $3.50 in Q3 2024.

Check Point Software delivered solid financial results in Q3 2025, marked by a 7% revenue growth and a significant increase in net income and EPS. The company benefitted from strong demand in security subscriptions and advanced its AI strategy through the acquisition of Lakera.

• Revenue reached $677.5 million in Q3 2025, up from $635.1 million a year ago
• Net income rose to $358.7 million, driven by a favorable tax settlement

Teradyne posted solid Q3 2025 results, with revenue and earnings reaching the upper end of guidance, primarily fueled by AI-related strength in its Semiconductor Test segment.

• Revenue reached $769 million, up from $737 million in Q3 2024.
• Net income was $119.6 million on a GAAP basis.

Tenet Healthcare delivered a solid Q3 2025, achieving higher net income, strong adjusted EPS growth, and improved margins. The Ambulatory Care segment led revenue growth, supported by increased surgical case volumes and revenue per case. The Hospital segment also saw gains despite outpatient softness.

• Revenue reached $5.289 billion in Q3 2025, up from $5.126 billion in Q3 2024
• Net income attributable to shareholders was $342 million, or $3.86 per diluted share

Zebra Technologies delivered solid top-line growth and improved non-GAAP performance in Q3 2025, aided by disciplined cost control and demand strength, though GAAP net income declined year over year.

• Revenue rose to $1.32 billion, driven by growth in both EVM and AIT segments.
• Non-GAAP EPS grew to $3.88, reflecting effective cost management and operating leverage.

Incyte delivered robust revenue growth and significant improvement in operating income for Q3 2025, fueled by higher product demand across its portfolio, including Jakafi, Opzelura, and the newly launched Niktimvo.

• Total revenue reached $1.37 billion, up 20% year-over-year.
• Net product revenue rose 19% to $1.15 billion, with Opzelura up 35%.

Ares Capital delivered strong Q3 2025 results with $782 million in revenue and $404 million in net income. The company maintained solid credit performance, a healthy debt/equity ratio, and continued active portfolio growth.

• Generated $404 million in net income and $0.57 EPS.
• Core EPS came in at $0.50, reflecting operating strength excluding gains/losses.

W. P. Carey delivered strong financial performance in Q3 2025, with revenue up 8.5% YoY and a 26% rise in net income. The company executed $656 million in investments and raised its full-year AFFO guidance. Dispositions of self-storage properties significantly contributed to capital recycling efforts.

• Q3 2025 revenue was $431.3 million, up from $397.4 million in Q3 2024:contentReference[oaicite:0]{index=0}.
• Net income rose 26.2% YoY to $141 million:contentReference[oaicite:1]{index=1}.

Logitech delivered a solid Q2 2026 with 6% sales growth and 19% growth in operating income. EPS reached $1.15, while non-GAAP EPS hit $1.45. Strong demand was seen across gaming, peripherals, and video collaboration segments.

• Revenue was $1.19 billion, up 6% year-over-year.
• GAAP net income reached $170.7 million with EPS of $1.15.

Regency Centers delivered solid Q3 2025 performance with higher earnings, improved occupancy, and strong rent spreads. The company increased its guidance and dividend, reflecting continued operational strength.

• Net Income attributable to common shareholders was $106 million, or $0.58 per share.
• Executed 1.8 million square feet of leases with 12.8% blended cash rent spread.

Neurocrine delivered a strong Q3 2025 with 28% revenue growth year-over-year. INGREZZA achieved record sales, while CRENESSITY posted impressive early adoption figures. Operating income and profitability also improved significantly.

• Total revenue reached $794.9 million, up 28% year-over-year.
• INGREZZA sales were $686.6 million, with 12% YoY growth.

RenaissanceRe delivered an excellent Q3 2025, generating $907.7M in net income and $733.7M in operating income. The Property segment had exceptional profitability with a 15.5% combined ratio. Book value per share rose 9.0%, and investment income remained strong.

• Net income available to common shareholders was $907.7M, with EPS of $19.40.
• Operating income reached $733.7M, or $15.62 per diluted share.

BXP posted a net loss of $121.7 million in Q3 2025, driven by significant non-cash impairment charges. Revenue slightly increased to $871.5 million. The company exceeded FFO guidance due to portfolio outperformance and executed over 1.5 million square feet in new leases.

• Revenue for Q3 2025 rose to $871.5 million, up from $859.2 million last year.
• BXP reported a net loss of $121.7 million due to $1.22 per share in impairment charges.

ATI delivered a solid third quarter with $1.13 billion in sales and $110 million in net income. Adjusted EBITDA reached $225 million, with strong performance in the HPMC and AA&S segments. The company raised full-year guidance based on continued demand in core markets.

• Sales reached $1.13 billion, up 7% year-over-year, led by aerospace & defense.
• Net income rose to $110 million, or $0.78 per share.

A. O. Smith reported Q3 2025 sales of $943 million, with 6% growth in North America. Net income rose to $132 million, and EPS increased 15% to $0.94. Operating margins expanded in both North America and Rest of World, despite weakness in China. The company updated full-year guidance, citing continued headwinds in China and residential construction.

• Q3 2025 net sales rose to $942.5 million, a 4% increase year-over-year.
• North America operating margin expanded to 24.2%, driven by pricing and volume.

Smithfield Foods delivered record Q3 2025 results with $3.75 billion in revenue and $248 million in net income from continuing operations. The company achieved 12.4% top-line growth and strong profitability in Packaged Meats and Hog Production. Operating margin held steady at 8.3%, and diluted EPS rose to $0.63. Guidance was raised for full-year adjusted operating profit.

• Q3 2025 revenue reached $3.75 billion, a 12.4% YoY increase.
• Net income from continuing operations attributable to Smithfield was $248 million.

Wayfair delivered solid Q3 results with revenue exceeding $3.1B, driven by growth in U.S. sales and repeat customer activity. Despite a net loss of $99M, the company reached its highest EBITDA margin since the pandemic and generated positive free cash flow.

• Revenue grew to $3.1B, driven by strong U.S. performance.
• Adjusted EBITDA margin reached 6.7%, the highest since the pandemic.

The company delivered double-digit EPS and EBITDA growth, driven by organic sales growth in the Service Center segment and contributions from acquisitions. Operating margins improved, and free cash flow remained strong.

• Revenue rose to $1.2 billion, driven by 6.3% contribution from acquisitions and 3.0% organic growth.
• Net income reached $100.8 million, with EPS of $2.63.

Invesco posted a solid quarter with $28.9 billion in net long-term inflows and EPS of $0.66. The company improved its adjusted operating margin to 34.2% and repurchased $25 million of its common stock while maintaining strong liquidity.

• EPS reached $0.66; adjusted EPS came in at $0.61 despite an $0.08 impairment drag.
• Net long-term inflows totaled $28.9 billion, driven by ETFs, China JV, and Fixed Income.

Frontier achieved record operational results in Q3 2025 with 133,000 fiber net additions and 25% fiber broadband revenue growth. However, the company posted a net loss of $76 million due to high operating costs and interest expenses.

• Revenue reached $1.55 billion, a 4.1% increase YoY, driven by fiber product growth.
• Net loss of $76 million, or -$0.30 per share, due to higher depreciation and interest expenses.

Bloom Energy achieved its fourth consecutive quarter of record revenue in Q3 2025, driven by strong growth in product and service sales. Non-GAAP margins improved significantly, though the company reported a GAAP net loss primarily due to equity losses from joint ventures.

• Revenue reached $519 million, up from $330 million in Q3 2024.
• Non-GAAP operating income surged to $46.2 million from $8.1 million a year earlier.

Range Resources posted a net income of $144 million in Q3 2025, supported by higher natural gas prices and disciplined capital spending. Production remained stable, while continued share repurchases and debt reduction highlighted financial strength.

• Generated $144 million in net income and $248 million in operating cash flow
• Achieved average realized pricing of $3.29 per mcfe including hedges

UMB Financial Corporation delivered a robust performance in the third quarter of 2025, with GAAP net income increasing by 64.5% year-over-year to $180.4 million. The company saw significant growth in average loans and deposits, alongside an improved efficiency ratio and net interest margin. The successful integration of Heartland Financial USA, Inc. was a key factor in these strong results.

• GAAP net income available to common shareholders increased by 64.5% to $180.4 million, or $2.36 per diluted common share, compared to Q3 2024.
• Average loans grew by 52.3% year-over-year to $37.1 billion, and average deposits increased by 60.8% to $56.8 billion.

Armstrong delivered a 10% year-over-year increase in net sales to $425.2 million, supported by higher volumes and favorable pricing. Both operating income and adjusted EBITDA grew mid-single digits, while EPS and adjusted EPS each rose 13%. The company achieved growth across both major segments and raised full-year 2025 guidance.

• Quarterly net sales rose 10% to $425.2 million, driven by 18% growth in Architectural Specialties and 6% growth in Mineral Fiber.
• Operating income increased 5% to $117.2 million, while adjusted EBITDA grew 6% to $148 million.

Commvault delivered a robust second quarter driven by accelerated ARR and SaaS growth. Total revenue rose 18% year over year to $276.2 million, and the company achieved its $1 billion ARR target two quarters early. Operating income reached $12.5 million, and non-GAAP operating margin improved to 18.6%.

• Total revenue grew 18% YoY to $276.2 million.
• Total ARR surpassed $1 billion, up 22% YoY.

New Oriental reported a healthy start to fiscal year 2026 with total net revenues increasing by 6.1% year over year to $1,523.0 million, surpassing expectations. Operating income also saw a 6.0% increase, while net income attributable to New Oriental slightly decreased by 1.9%. The growth was primarily driven by new educational business initiatives and strong performance in domestic test preparation for adults and university students.

• Total net revenues increased by 6.1% year over year to $1,523.0 million, exceeding the upper end of the company's expected range.
• Operating income grew by 6.0% to $310.8 million, while non-GAAP operating margin improved by 100 basis points to 22.0%.

Zurn Elkay Water Solutions delivered a solid third quarter, with net sales increasing by 11% to $455.4 million and net income from continuing operations rising to $59.6 million. Adjusted EPS grew by 26% to $0.43, and Adjusted EBITDA increased by 16% to $122.2 million, representing a 26.8% margin. The company also generated strong free cash flow of $93.9 million, reducing net debt leverage to a record low of 0.6x.

• Net sales increased by 11% year-over-year to $455.4 million, driven by 11% core sales growth across all product categories.
• Net income from continuing operations rose to $59.6 million, with diluted EPS from continuing operations at $0.35.

Modine delivered a strong second quarter for fiscal year 2026, with net sales increasing by 12% to $738.9 million, primarily fueled by robust demand in the Climate Solutions segment, especially from data center customers, and contributions from recent acquisitions. Despite a slight decrease in net earnings and operating income due to temporary operating inefficiencies from capacity expansion and an impairment charge, adjusted EBITDA saw a 4% increase. The company also raised its full-year revenue guidance, reflecting confidence in continued growth.

• Net sales increased by 12% to $738.9 million, compared to $658.0 million in the prior year, driven by strong performance in Climate Solutions.
• Net earnings decreased by 3% to $44.8 million, while adjusted earnings per share increased by 9% to $1.06.

MSA Safety delivered a strong third quarter in 2025, with net sales increasing by 8% GAAP and 3% organically year-over-year. The company achieved robust GAAP operating income of $94 million and adjusted operating income of $104 million, alongside healthy GAAP net income of $70 million and adjusted earnings of $76 million. Free cash flow generation was significant at $100 million, contributing to a reduction in net leverage.

• Net sales reached $468.4 million, an 8% GAAP increase and 3% organic increase compared to the prior year.
• GAAP operating income was $94.3 million (20.1% of sales), and adjusted operating income was $103.7 million (22.1% of sales).

ExlService delivered a strong third quarter in 2025, with revenue increasing by 12.2% year-over-year to $529.6 million and adjusted diluted EPS rising by 10.8% to $0.48. The company's sustained double-digit growth is attributed to its competitive position as a global data and AI company, with strong market resonance for its industry expertise and AI integration.

• Revenue for Q3 2025 reached $529.6 million, marking a 12.2% increase year-over-year.
• Diluted EPS (GAAP) for Q3 2025 was $0.36, an increase of 10.7% from Q3 2024.

Repligen posted 22% revenue growth in Q3 2025 driven by strength across all franchises and geographies. Gross and operating margins improved, and EPS turned positive with strong adjusted results.

• Revenue rose 22% YoY to $189M, with 18% organic growth
• GAAP net income reached $14.9M vs. a loss last year

Chemed Corporation delivered a mixed performance in the third quarter of 2025. The company achieved a 3.1% increase in consolidated revenue, reaching $624.9 million. However, GAAP Diluted EPS decreased by 10.8% to $4.46, and Adjusted Diluted EPS decreased by 6.6% to $5.27. The VITAS segment saw a 4.2% increase in net patient revenue and growth in Average Daily Census and admissions, while the Roto-Rooter segment experienced a 1.1% revenue increase.

• Consolidated revenue increased by 3.1% to $624.9 million in Q3 2025.
• GAAP Diluted EPS decreased by 10.8% to $4.46, and Adjusted Diluted EPS decreased by 6.6% to $5.27.

Axalta delivered strong third-quarter 2025 results with record adjusted EBITDA and adjusted EPS. Net sales reached $1.29 billion, down 2% year over year, while net income rose to $110 million and adjusted diluted EPS grew 6% to $0.67. Mobility Coatings achieved a record third-quarter revenue, partially offsetting softness in Performance Coatings, particularly in North America.

• Net sales were $1.29 billion, down 2% year over year.
• Net income rose to $110 million with an 8.5% margin.

Element Solutions Inc delivered a strong third quarter in 2025, achieving record adjusted EBITDA despite the divestiture of its Graphics business. The company saw significant organic net sales growth in its Electronics segment, fueled by data center demand and smartphone pre-builds, while the Industrial & Specialty segment maintained stable organic net sales through productivity and portfolio optimization. Overall, the company demonstrated robust performance and narrowed its full-year adjusted EBITDA guidance to the high end of its previous range.

• Element Solutions achieved record adjusted EBITDA of $146.9 million in Q3 2025, a 3% increase year-over-year.
• The Electronics segment reported its sixth consecutive quarter of high single-digit organic net sales growth at 7%, reaching record revenue.

Enphase Energy delivered a strong Q3 2025 with revenue hitting a two-year high, supported by increased safe harbor revenue, robust U.S. microinverter shipments, and record IQ Battery volumes.

• Revenue reached $410.4M, the highest in two years.
• Record 195.0 MWh of IQ Batteries shipped during the quarter.

Group 1 Automotive delivered resilient performance in Q3 2025 with total revenue of $5.78 billion. Growth in used vehicle and parts & service segments helped offset weaker new vehicle margins. The company generated strong free cash flow and continued its capital return initiatives.

• Total revenue reached $5.78 billion for Q3 2025, up from $5.56 billion in Q3 2024.
• GAAP diluted EPS was $10.52 and non-GAAP EPS was $10.65.

Caesars Entertainment posted flat revenue year-over-year at $2.87B for Q3 2025. A $55M net loss was driven by lower performance in Las Vegas and Caesars Digital, partially offset by growth in the regional segment. Adjusted EBITDA declined due to unfavorable hold and city-wide visitation trends in Las Vegas.

• Revenue held flat at $2.87B versus prior year.
• Net loss widened to $55M compared to $9M in Q3 2024.

Mirion delivered a strong third quarter in 2025, with total revenue increasing by 7.9% to $223.1 million. The company achieved a GAAP net income of $3.1 million, a substantial improvement from a net loss in the prior year, and adjusted EBITDA grew by 14.7% to $52.4 million. These results were driven by continued momentum in the nuclear power end-market, keeping the company on track for its full-year guidance.

• Total revenue increased by 7.9% to $223.1 million in Q3 2025, up from $206.8 million in Q3 2024.
• GAAP net income was $3.1 million, a 122% improvement compared to a GAAP net loss of $14.0 million in Q3 2024.

VF Corporation delivered better-than-expected Q2'26 financial results, with revenue of $2.8 billion, a 2% increase year-over-year. The company achieved an operating income of $313 million and adjusted operating income of $330 million, exceeding guidance. Diluted EPS was $0.48, with adjusted EPS at $0.52. The company also announced the pending sale of Dickies® for $600 million, aiming to enhance investment capacity and drive shareholder returns.

• Revenue reached $2.8 billion, marking a 2% increase compared to the previous year, surpassing guidance.
• The North Face® and Timberland® brands demonstrated strong growth, increasing by 6% and 7% respectively.

Landstar System, Inc. reported a challenging third quarter in 2025 with total revenue of $1,205 million, a slight decrease from the previous year. Basic and diluted EPS significantly dropped to $0.56, primarily due to $0.66 per share in non-cash, non-recurring impairment charges. Excluding these charges, adjusted EPS would have been $1.22. Despite the economic headwinds, the company saw strong performance in unsided/platform equipment services and achieved sequential growth in BCO truck count.

• Total revenue for Q3 2025 was $1,205 million, a slight decrease from $1,214 million in Q3 2024.
• Basic and diluted EPS for Q3 2025 was $0.56, significantly lower than $1.41 in Q3 2024, primarily due to $0.66 in non-cash impairment charges.

Alkermes plc delivered a successful third quarter in 2025, marked by strong revenue growth and robust profitability, driven by solid performance across its commercial portfolio. The company reported total revenues of $394.2 million and GAAP net income of $82.8 million, with diluted GAAP earnings per share of $0.49. Alkermes also ended the quarter in a strong financial position with $1.14 billion in cash, cash equivalents, and total investments, and subsequently raised its financial outlook for the full year 2025.

• Total revenues for the third quarter of 2025 reached $394.2 million, demonstrating strong growth compared to the previous year.
• GAAP Net Income for the quarter was $82.8 million, resulting in diluted GAAP earnings per share of $0.49.

Sensata Technologies delivered a robust third quarter in 2025, with revenue reaching $1.12 billion, marking a 7% increase year-over-year. The company's adjusted EPS rose to $1.05, exceeding expectations, driven by strong performance in both its Performance Sensing and Sensing Solutions segments. Net income also saw a significant jump to $145 million, reflecting effective cost management and operational efficiencies.

• Revenue increased by 7% year-over-year to $1.12 billion, demonstrating strong market demand.
• Adjusted EPS grew to $1.05, surpassing analyst estimates and indicating improved profitability.

Herc Holdings delivered a strong third quarter in 2025, with total revenues increasing by 35% to $1,304 million, primarily fueled by a 30% rise in equipment rental revenue. The company successfully completed the IT integration of H&E Equipment Services, a key strategic milestone, and reported a net income of $30 million, or $0.90 per diluted share, alongside an adjusted net income of $74 million, or $2.22 per diluted share.

• Total revenues increased by 35% to $1,304 million, compared to $965 million in the prior-year period.
• Equipment rental revenue grew by 30% to $1,122 million.

Kadant Inc. reported third-quarter 2025 financial results with revenue remaining flat at $271.6 million compared to the prior year. Net income decreased by 12% to $27.7 million, and GAAP EPS also decreased by 12% to $2.35. Adjusted EPS saw a 9% decrease to $2.59, while adjusted EBITDA decreased by 8% to $58.0 million. Despite a challenging demand environment for capital equipment, the company achieved a 50 basis point increase in gross margin to 45.2% and record revenue in its aftermarket parts business.

• Revenue remained stable at $271.6 million, consistent with the prior year's third quarter.
• Net income decreased by 12% to $27.7 million, and GAAP EPS fell by 12% to $2.35.

New Gold delivered a strong third quarter in 2025, achieving record production at Rainy River and robust performance from New Afton, leading to record free cash flow generation. The company repaid $260 million of debt obligations during the quarter and remains on track to meet its full-year guidance for gold and copper production, capital spending, and cash costs.

• Record quarterly free cash flow of $205 million was achieved, a 225% quarter-over-quarter improvement.
• Rainy River mine produced over 100,000 ounces of gold, a 63% increase over the previous quarter.

Renasant Corporation reported a strong third quarter in 2025, with net income of $59.8 million and diluted EPS of $0.63. The company saw significant loan growth, an increase in net interest income, and improved adjusted net interest margin. The integration with The First is progressing well, positioning the company for future financial goals.

• Net income for Q3 2025 was $59.8 million, with diluted EPS of $0.63 and adjusted diluted EPS (non-GAAP) of $0.77.
• Net interest income (fully tax equivalent) increased by $5.4 million linked quarter to $228.1 million, with net interest margin at 3.85%.

Seaboard Corporation announced its third-quarter 2025 earnings, alongside a quarterly cash dividend of $2.25 per share. The report highlighted financial results for the three and nine months ended September 27, 2025, and September 28, 2024.

• Seaboard Corporation reported its earnings for the third quarter of 2025.
• A quarterly cash dividend of $2.25 per share of common stock was declared.

The Cheesecake Factory delivered strong Q3 2025 results with revenue and earnings exceeding expectations. The company saw modest comparable sales growth at its namesake brand and continued effective cost and labor management. Segment performance varied, with operating losses in non-core segments.

• Revenue rose to $907.2 million from $865.5 million in Q3 2024.
• GAAP net income was $31.9 million; adjusted net income was $33.2 million.

Four Corners Property Trust delivered a strong third quarter, marked by significant portfolio growth with $82 million in property acquisitions. The company reported a 12.2% increase in rental revenue year-over-year, reaching $66.5 million, and net income attributable to common shareholders of $28.8 million, or $0.28 per diluted share. FFO and AFFO per diluted share also saw increases compared to the prior year, demonstrating consistent performance and a healthy financial position with low leverage and significant liquidity.

• Rental revenue increased by 12.2% year-over-year to $66.5 million in Q3 2025.
• Net income attributable to common shareholders rose to $28.8 million, or $0.28 per diluted share, up from $25.6 million in Q3 2024.

Kiniksa Pharmaceuticals delivered a robust third quarter in 2025, with total revenue reaching $180.9 million, primarily fueled by ARCALYST net product revenue which grew 61% year-over-year. The company achieved a net income of $18.4 million, a significant improvement from a net loss in the prior year, and increased its cash, cash equivalents, and short-term investments to $352.1 million.

• ARCALYST net product revenue for Q3 2025 was $180.9 million, marking a 61% year-over-year increase.
• The company reported a net income of $18.4 million for the third quarter of 2025, a turnaround from a net loss of $12.7 million in Q3 2024.

HNI Corporation announced net sales of $683.8 million and net income of $41.2 million for the third quarter ended September 27, 2025. The company achieved a GAAP diluted EPS of $0.88 and a non-GAAP diluted EPS of $1.10, with strong year-over-year results driven by productivity and operating expense control. Operating margin reached its highest third-quarter level on a non-GAAP basis.

• Consolidated net sales increased 1.7% year-over-year to $683.8 million, with organic net sales up 2.6%.
• GAAP diluted EPS was $0.88 (-10% YoY) and non-GAAP diluted EPS was $1.10 (+7% YoY).

Huron delivered a strong third quarter, with record revenues and significant growth across all key financial metrics. Revenues increased by 16.8% to $432.4 million, net income rose by 12.0% to $30.4 million, and adjusted diluted EPS grew by 25.0% to $2.10. The company's performance was driven by robust demand for its Consulting, Managed Services, and Digital capabilities, leading to increased professional headcount and improved utilization rates.

• Revenues before reimbursable expenses reached a record $432.4 million in Q3 2025, marking a 16.8% increase from Q3 2024.
• Net income for Q3 2025 increased by 12.0% to $30.4 million, compared to $27.1 million in the same period last year.

First Busey Corporation delivered a strong third quarter in 2025, with net income increasing to $57.1 million and diluted EPS reaching $0.58. The company successfully optimized its balance sheet by reducing high-cost, non-relationship deposits, which contributed to an improved adjusted return on average assets of 1.33% and an expanded net interest margin of 3.58%. Credit quality also showed improvement, with classified assets as a percentage of capital falling to 7.0%.

• Net income for Q3 2025 was $57.1 million, a significant increase from $32.0 million in Q3 2024.
• Diluted EPS for Q3 2025 was $0.58, up from $0.55 in the same period last year.

PHINIA delivered a strong third quarter in 2025 with net sales increasing by 8.2% to $908 million and adjusted EBITDA rising by $13 million to $133 million. However, net earnings decreased to $13 million, primarily due to a one-time loss from a separation-related claims settlement. The company also completed the acquisition of Swedish Electromagnet Invest AB (SEM) for approximately $47 million, expanding its presence in alternative fuel ignition systems.

• Net sales increased by 8.2% year-over-year to $908 million, driven by customer pricing, tariff recoveries, and increased volumes in Asia and the Americas.
• Net earnings decreased by $18 million to $13 million, primarily due to a one-time loss related to the settlement of separation-related claims.

Arcutis Biotherapeutics achieved strong financial performance in Q3 2025, with net product revenue reaching $99.2 million, a 122% increase year-over-year. The company reported a net income of $7.4 million, a significant turnaround from a loss in the prior year, driven by increased ZORYVE sales and strategic commercialization efforts.

• Net product revenue for ZORYVE was $99.2 million, marking a 122% increase compared to Q3 2024.
• The company achieved a net income of $7.4 million, or $0.06 per basic and diluted share, compared to a net loss in the prior year.

First Commonwealth Financial Corporation delivered a strong third quarter in 2025, with GAAP net income reaching $41.3 million, or $0.39 per share, and core net income at $41.2 million, also $0.39 per share. The company experienced significant net interest income growth, expanding its net interest margin to 3.92%, and demonstrated improved asset quality with a decrease in nonperforming loans. These results were supported by growth in average deposits and loans, alongside a reduction in the core efficiency ratio.

• GAAP net income for Q3 2025 was $41.3 million, or $0.39 per share, a significant increase from the previous quarter and prior year.
• Net interest income (FTE) grew to $111.5 million, driven by a 9 basis point expansion in net interest margin to 3.92%.

CECO Environmental delivered an outstanding third quarter in 2025, achieving record-breaking revenues and backlog. The company reported a 46% increase in revenue to $197.6 million and a 62% rise in Adjusted EBITDA to $23.2 million, driven by strong order growth and strategic acquisitions. Net income was $1.5 million, with non-GAAP net income at $9.3 million, reflecting continued operational excellence and portfolio transformation.

• Orders surged by 44% to $232.9 million, contributing to a record backlog of $719.6 million, up 64%.
• Revenue increased by 46% to $197.6 million, marking the highest quarterly revenue ever achieved by the company.

JetBlue reported a net loss of $143 million for the third quarter of 2025, with total operating revenues of $2.322 billion. Despite a slight decrease in total operating revenues compared to the previous year, the company showed progress in managing operating expenses and improving its operating and pre-tax margins. The JetForward strategy is on track to deliver $290 million of incremental EBIT by year-end.

• JetBlue's total operating revenues for Q3 2025 were $2.322 billion, a 1.8% decrease year-over-year.
• The company reported a net loss of $143 million and an operating loss of $100 million for the quarter.

TriMas delivered a strong third quarter in 2025, with consolidated net sales increasing by 17.4% to $269.3 million and adjusted diluted EPS rising by 41.9% to $0.61. The growth was broad-based across all segments, with Aerospace leading the way with a 45.8% sales increase. The company also reported a substantial increase in net income and adjusted operating profit, and improved free cash flow, leading to a raised full-year earnings outlook.

• Consolidated net sales increased by 17.4% to $269.3 million, with organic growth of 16.1%.
• Diluted EPS was $0.23, while adjusted diluted EPS grew 41.9% to $0.61.

Hope Bancorp delivered strong earnings growth in the third quarter of 2025, driven by robust net interest income growth, positive operating leverage, and lower credit costs. The company reported a net income of $30.8 million, a 28% increase year-over-year, and diluted EPS of $0.24. Key highlights included diversified loan growth, a reduction in the cost of deposits, and improved asset quality.

• Net income for Q3 2025 was $30.8 million, a 28% increase compared to Q3 2024.
• Diluted EPS for Q3 2025 was $0.24, up from $0.20 in Q3 2024.

Global Industrial Company delivered its second consecutive quarter of revenue growth and strong profitability in Q3 2025. Sales increased by 3.3% to $353.6 million, driven by strategic accounts. The company also saw an 18.5% increase in operating income and a significant improvement in gross margin to 35.6%.

• Net sales for the third quarter increased by 3.3% to $353.6 million compared to the same period last year.
• Operating income from continuing operations rose by 18.5% to $26.3 million, with the operating margin improving to 7.4%.

CTS Corporation announced strong third quarter 2025 results, with sales increasing 8% year-over-year to $143 million. The company achieved solid profitability despite an extraordinary charge related to an EPA claim, and demonstrated strong cash generation. Growth was primarily fueled by a 22% increase in sales to diversified end markets.

• Sales for Q3 2025 reached $143 million, an 8% increase year-over-year.
• Sales to diversified end markets grew by 22%, while transportation end market sales decreased by 7%.

Forestar Group Inc. concluded fiscal year 2025 with a strong fourth quarter, reporting a 7% increase in net income to $87.0 million and a 22% rise in revenues to $670.5 million compared to the prior year. Despite a decrease in lots sold, the company demonstrated solid demand for finished lots and maintained a robust lot position, ending the year with significant liquidity.

• Fourth quarter net income increased 7% to $87.0 million, or $1.70 per diluted share.
• Fourth quarter revenues increased 22% to $670.5 million.

American Assets Trust, Inc. experienced a decline in net income and FFO for the third quarter of 2025 compared to the same period in 2024. However, the company increased its full-year 2025 FFO per diluted share guidance, reflecting a positive outlook despite some segment-specific challenges.

• Net income available to common stockholders for Q3 2025 was $4.5 million, a significant decrease from $16.657 million in Q3 2024.
• Funds from Operations (FFO) per diluted share was $0.49 for Q3 2025, down from $0.71 in Q3 2024.

Ultra Clean Holdings delivered strong third-quarter results, surpassing the midpoint of its revenue and EPS guidance. The company achieved its highest gross margins for the year, driven by solid performance in both products and services, despite ongoing market volatility.

• Total revenue reached $510.0 million, with products contributing $445.0 million and services adding $65.0 million.
• GAAP gross margin improved to 16.1%, and non-GAAP gross margin was 17.0%, marking the highest for the year.

Camping World Holdings, Inc. delivered a strong third quarter in 2025, with revenue increasing by 4.7% to $1.8 billion, driven by record new and used vehicle unit sales. Despite a net loss of $(29.4) million due to a significant income tax expense related to a valuation allowance, the company achieved a 41.8% increase in Adjusted EBITDA to $95.7 million, demonstrating strong operational performance and outperforming the industry in key categories.

• Total revenue for the third quarter increased by 4.7% to $1.8 billion.
• Adjusted EBITDA grew by 41.8% to $95.7 million, indicating strong operational performance.

NexPoint Residential Trust, Inc. reported a net loss of $7.8 million for Q3 2025, an improvement from the $8.9 million net loss in Q3 2024. The company saw a 3.5% increase in Same Store NOI and maintained its full-year guidance, while also boosting its quarterly dividend by 3.9%.

• Net loss improved to $7.8 million in Q3 2025 from $8.9 million in Q3 2024.
• Same Store NOI increased by 3.5% for the third quarter of 2025 compared to the prior year period.

The company posted higher EPS and net income in Q3 2025 compared to prior periods. Revenue growth was supported by expanding net interest margin and loan growth, though credit costs rose during the quarter.

• Net income reached $41.33 million, up from $32.09 million in Q3 2024.
• EPS rose to $0.39, compared to $0.31 in the prior year quarter.

NeoGenomics delivered a strong third quarter in 2025, with total revenue reaching a record $188 million, an increase of 12% year-over-year. This growth was primarily fueled by an 18% expansion in clinical revenue, with NGS revenue notably increasing by 24% and now constituting nearly one-third of clinical revenue. Despite a 53% increase in net loss to $27 million, the company achieved a positive adjusted EBITDA of $12.2 million, although this was a 9% decline from the prior year. The company reaffirmed its full-year guidance for revenue, net loss, and adjusted EBITDA, indicating confidence in its core business and long-term growth initiatives.

• Total revenue increased by 12% year-over-year to a record $188 million, driven by strong clinical business performance.
• Clinical revenue grew by 18%, with Next-Generation Sequencing (NGS) revenue increasing by 24% and comprising nearly one-third of clinical revenue.

In Q3 2025, Vimeo posted modest revenue growth but swung to a net loss due to higher operating expenses, restructuring costs, and transaction fees related to its pending acquisition.

• Revenue reached $105.8 million, up slightly from $104.6 million in Q3 2024.
• Vimeo reported a net loss of $2.3 million, compared to a net income of $9.3 million in the same period last year.

Ryerson Holding Corporation reported third-quarter 2025 revenue of $1.16 billion, meeting guidance, but experienced a net loss of $14.8 million. The company managed to reduce debt and efficiently manage net working capital amidst a challenging market with protracted weak demand and tariff pricing conditions.

• Third-quarter revenue was $1.16 billion, in line with guidance, despite a 0.7% decrease from the prior quarter.
• The company reported a net loss of $14.8 million, or diluted loss per share of $0.46, and Adjusted EBITDA, excluding LIFO, of $40.3 million.

First Financial Corporation delivered a strong third quarter in 2025, marked by its eighth consecutive quarter of loan growth, reaching $3.97 billion. The company achieved a record net interest income of $54.6 million and an improved net interest margin of 4.25%. Despite a slight decrease in total deposits, the corporation maintained a solid capital position and improved its efficiency ratio.

• First Financial Corporation achieved its eighth consecutive quarter of loan growth, with total loans outstanding reaching $3.97 billion.
• Net interest income hit a record $54.6 million, a 15.8% increase year-over-year, driven by loan growth and an expanded net interest margin of 4.25%.

CTO Realty Growth delivered strong operating and leasing results in the third quarter of 2025, with a significant increase in net income attributable to the company and a healthy same-property NOI growth. The company also strengthened its balance sheet through new term loan financings and raised its full-year Core FFO and AFFO guidance.

• Net Income Attributable to Common Stockholders was $0.03 per diluted share for the quarter.
• Same-Property NOI increased by 2.3% to $18.6 million compared to the prior year's quarter.

OrthoPediatrics delivered a strong third quarter in 2025, achieving record high total revenue of $61.2 million, a 12% increase year-over-year. The company also significantly improved its adjusted EBITDA by 56% to $6.2 million and reduced free cash flow usage by $8.2 million. Despite a GAAP diluted loss per share of $(0.50), the company saw robust growth in its Trauma & Deformity and Scoliosis segments, driven by strategic initiatives and new product approvals.

• Total revenue reached a record high of $61.2 million, up 12% from the prior year.
• Adjusted EBITDA increased by 56% to $6.2 million, demonstrating improved profitability.

Clearwater Paper delivered a strong third quarter, with net sales of $399 million, an increase from the previous year. However, the company reported a net loss of $53.3 million, primarily due to a significant non-cash goodwill impairment charge of $48 million. Adjusted EBITDA from continuing operations decreased to $17.8 million, impacted by a major maintenance outage and reduced sales prices, partially offset by higher sales volumes and cost reduction efforts.

• Net sales for Q3 2025 were $399 million, an increase from $393 million in Q3 2024.
• The company reported a net loss of $53.3 million, or $3.34 per diluted share, primarily due to a $48 million non-cash goodwill impairment charge.

Rocky Brands delivered a solid third quarter, with net sales increasing 7.0% to $122.5 million, driven by strong demand for XTRATUF and other work and outdoor brands. The company also saw significant improvements in gross margin and net income, which rose 36.6% to $7.2 million.

• Net sales increased 7.0% to $122.5 million compared to the year-ago quarter.
• Gross margin improved by 210 basis points to 40.2% of net sales.

Travelzoo's third quarter 2025 results indicate a 10% year-over-year revenue increase to $22.2 million, driven by continued investment in acquiring Club Members. However, net income attributable to Travelzoo significantly decreased to $0.2 million, or $0.01 per share, from $0.26 per share in the prior-year period, largely due to immediate expensing of marketing costs for new member acquisition.

• Revenue increased by 10% year-over-year to $22.2 million, demonstrating continued growth.
• Net income attributable to Travelzoo significantly declined to $0.2 million, or $0.01 per share, from $0.26 per share in the prior-year period.