Reports

Microsoft delivered a strong start to FY26 with $77.7B in revenue, led by a 26% increase in Microsoft Cloud and significant growth in Azure services. Net income rose to $27.7B, and adjusted EPS reached $4.13.

• Revenue reached $77.7B, up from $65.6B YoY.
• Net income rose to $27.7B, with operating income at $38.0B.

Revenue rose 16% to $102.346B and diluted EPS increased 35% to $2.87, while operating income reached $31.228B (30.5% margin); Google Services delivered $87.052B and Google Cloud grew to $15.157B with a 23.7% operating margin.

• Total revenue reached $102.346B (+16% YoY) and net income was $34.979B (+33% YoY).
• Google Cloud revenue climbed to $15.157B with operating margin of 23.7%.

Meta delivered a solid quarter with $51.24 billion in revenue and strong ad performance, but a one-time $15.93 billion non-cash tax charge significantly reduced net income.

• Revenue grew 26% year-over-year to $51.24 billion.
• Reported EPS was $1.05; adjusted EPS was $7.25 excluding the tax charge.

Caterpillar delivered a strong Q3 2025 performance with increased revenue and solid earnings, fueled by higher sales volumes. However, profitability was slightly pressured by increased manufacturing costs and unfavorable price realization.

• Revenue grew 10% year-over-year to $17.638 billion, primarily from increased sales volume.
• Net income reached $2.3 billion despite a decrease in profit margin from last year.

ServiceNow delivered a robust quarter with $3.41 billion in revenue, solid EPS growth, and net income of $502 million. The company also announced a five-for-one stock split, reflecting confidence in its growth trajectory.

• Total revenue reached $3.41 billion, exceeding expectations.
• GAAP EPS came in at $2.40; Non-GAAP EPS was $4.82.

Boeing posted a $5.3B net loss in Q3 2025 despite higher commercial airplane deliveries and revenue of $23.3B, driven by a $4.9B charge from delays in the 777X certification.

• Reported revenue of $23.3B, driven by 160 commercial airplane deliveries.
• Posted a net loss of $5.3B due to a $4.9B charge related to the 777X program.

Banco Santander delivered record net income of €3.5 billion in Q3 2025, driven by solid fee income, resilient net interest income, and cost discipline. The CET1 ratio improved to 13.1% and cost of risk declined, indicating strong capital and credit management.

• Net income reached a record €3.5 billion in Q3, bringing 9M 2025 net income to €10.3 billion.
• EPS for Q3 2025 was €0.23, with year-to-date EPS reaching €0.66, up 16% YoY.

UBS posted a robust Q3 2025 performance with $12.76 billion in revenue and $2.48 billion in net income. The company benefited from strong client inflows, strategic cost savings, and positive momentum in investment banking and asset management.

• Revenue reached $12.76 billion, with all core businesses contributing to growth.
• Net income was $2.48 billion, supported by litigation reserve releases.

MercadoLibre posted another robust quarter, with $7.41B in revenue and $421M in net income. Its fintech and commerce businesses showed strong momentum, especially in Brazil and Mexico. Unique buyers surged, particularly in Brazil, and fintech user metrics continued to climb.

• Net revenue reached $7.41 billion, up from $5.31 billion a year ago.
• Net income grew to $421 million despite FX headwinds in Argentina.

CVS Health delivered record Q3 revenue of $102.9 billion and increased adjusted EPS, but recorded a $4.0 billion net loss due to a $5.7 billion goodwill impairment related to its Health Care Delivery unit.

• Total revenue reached a record $102.9 billion in Q3 2025.
• Net loss of $4.0 billion driven by a $5.7 billion goodwill impairment.

Equinix saw a robust Q3 2025 with increased revenue, operating income, and net income. The company achieved record bookings and continued to scale its AI-optimized infrastructure globally, supported by strategic land acquisitions and sustainability efforts.

• Recorded all-time high annualized gross bookings of $394M
• Revenue reached $2.316B, with strong growth in recurring revenue

GSK reported £8.55 billion in revenue and £2.2 billion in net income for Q3 2025, with EPS per ordinary share estimated at £0.585 after converting from reported ADS values. Specialty Medicines saw double-digit growth while Vaccines and General Medicines remained steady.

• Specialty Medicines revenue grew 16% year-over-year, driven by HIV and Oncology.
• Free cash flow nearly doubled to £2.5 billion in the quarter.

Agnico Eagle posted record adjusted net income in Q3 2025, driven by higher gold prices and robust production. Free cash flow and operating income saw significant growth, and the company repaid $400 million in long-term debt, boosting its net cash position.

• Payable gold production was 866,936 ounces with strong output from Meadowbank and LaRonde.
• Net income reached $1,055 million, while adjusted net income was a record $1,085 million.

Equinor delivered solid operational results in Q3 2025 with 7% production growth and strong cash flow, but reported a net loss driven by impairments amid a weaker pricing environment for liquids.

• Reported net loss of $204 million due to impairments, despite $6.21 billion in adjusted operating income.
• Production rose 7% year-over-year, supported by new fields and performance in Norway and the US.

American Electric Power delivered solid Q3 2025 results with increased GAAP earnings and strong revenue growth, although operating income and non-GAAP earnings slightly declined year-over-year. The company reaffirmed its full-year guidance and unveiled an ambitious $72 billion capital plan to meet surging demand from large customers.

• Q3 2025 GAAP net income rose to $972 million, up from $960 million in Q3 2024.
• Operating earnings decreased slightly to $963 million versus $985 million in the prior-year quarter.

Phillips 66 posted $133M in net income and $1.0B in adjusted earnings for Q3 2025. Revenue reached $34.98B, and adjusted EBITDA was $2.6B. Refining posted a loss, but other segments performed strongly.

• Revenue was $34.98B with adjusted earnings of $1.0B.
• Refining segment posted a $518M loss, hit by a $948M impairment charge.

Public Storage delivered strong Q3 2025 results with net income of $461.4 million and Core FFO of $4.31 per share, supported by robust expansion activity and stabilization in industry fundamentals.

• Net income reached $461.4 million, or $2.62 per diluted share.
• Core FFO per share rose to $4.31, reflecting operational strength.

Garmin delivered strong results in Q3 2025 with record revenue and operating income, supported by double-digit growth in the Fitness, Marine, and Aviation segments. Despite a slight decline in Outdoor and Auto OEM segments, performance exceeded expectations and full-year guidance was raised.

• Record quarterly revenue of $1.77B, up from $1.59B last year
• Net income reached $401.6M with diluted EPS of $2.08

eBay posted a strong Q3 2025, delivering revenue of $2.8 billion and a net income of $597 million, supported by growth in gross merchandise volume and enhanced marketplace engagement.

• Revenue reached $2.8 billion, up from $2.576 billion a year ago.
• GAAP EPS was $1.28, while Non-GAAP EPS came in at $1.36.

Entergy delivered solid third-quarter results with EPS of $1.53 (GAAP and non-GAAP), an increase from $1.50 last year. Strong retail and wholesale sales growth and favorable regulatory actions supported earnings, despite pressures from rising O&M and tax expenses. The company reaffirmed its adjusted EPS guidance and continues investing in infrastructure to meet growing power demands.

• Q3 2025 net income was $694 million, up from $645 million in Q3 2024.
• Adjusted and GAAP EPS were both $1.53, compared to $1.50 in Q3 2024.

Otis Worldwide posted a solid quarter, led by 6% organic growth in Service, 27% growth in modernization orders, and raised its full-year EPS guidance amid robust operational performance.

• Revenue rose to $3.69B, up 4% YoY.
• Adjusted EPS increased 9% to $1.05, while GAAP EPS fell 29% due to prior-year tax items.

Verisk reported Q3 2025 revenue of $768 million, up 5.9% year-over-year, and organic constant currency revenue growth of 5.5%. Net income rose to $226 million, and adjusted EBITDA grew 7.2% to $429 million. The company also delivered strong free cash flow growth of nearly 40%, reinforcing confidence in its long-term targets.

• Revenue reached $768 million, up 5.9% from Q3 2024.
• Net income rose to $226 million, a 2.5% increase year-over-year.

Cognizant reported solid revenue growth of 7.4% YoY in Q3 2025, driven by strong performance in North America and across all business segments. Operating margins improved, and adjusted EPS rose 11% YoY. The company also increased its full-year revenue and margin guidance.

• Revenue of $5.42B grew 7.4% YoY, above the high end of guidance
• GAAP and Adjusted Operating Margins both at 16.0%

Kraft Heinz reported a net income of $615M and an EPS of $0.52 in Q3 2025, reversing a loss from the prior year. While revenue declined slightly, strong free cash flow and disciplined capital return stood out. The company also updated its full-year guidance and remains focused on strategic separation plans.

• Revenue declined 2.3% YoY to $6.24B amid volume pressures in North America.
• Net income was $615M, up from a loss of $290M in the prior year.

GE HealthCare posted a strong third quarter, driven by 6% organic revenue growth, improved adjusted EBIT margin, and continued strategic investments in innovation and productivity.

• Revenue reached $5.14B, up 6% organically year-over-year.
• GAAP EPS was $0.98; Adjusted EPS was $1.07, up 4% year-over-year.

Old Dominion Freight Line faced a challenging Q3 2025 with a 4.3% drop in revenue and a 12.2% decline in net income. Despite the soft freight environment, the company maintained strong yield discipline and operational efficiency.

• Revenue for Q3 2025 declined to $1.41 billion, down from $1.47 billion a year earlier
• Net income decreased to $270.9 million, driven by a 9.0% drop in LTL tonnage per day

Ventas reported robust Q3 2025 results, with strong earnings from its senior housing operating portfolio (SHOP), higher same-store occupancy, and improved NOI margins.

• Normalized FFO per share reached $0.88, up from $0.80 last year.
• Net income attributable to common stockholders was $66 million.

Extra Space Storage delivered modest earnings growth in Q3 2025. While same-store revenue and NOI declined, the company increased Core FFO slightly and maintained strong occupancy. The company continues to expand via acquisitions and third-party management.

• Core FFO per share was $2.08, up 0.5% YoY
• Net income attributable to common stockholders was $165.998 million

American Water delivered solid Q3 2025 results with higher revenue and earnings, supported by increased rate authorizations and acquisitions. The company affirmed its 2025 EPS guidance and introduced 2026 guidance with 8% projected EPS growth.

• Q3 2025 EPS increased to $1.94 from $1.80 in Q3 2024
• Net income for the quarter was $379 million, up from $350 million last year

Rollins delivered double-digit growth in revenue, earnings, and cash flow for Q3 2025, supported by improved margins and strong performance across service segments.

• Revenue reached $1.03 billion, up 12% from the prior year
• Net income increased to $163.5 million, a 19.4% rise

AvalonBay delivered growth in EPS and Core FFO per share, supported by increases in residential and commercial NOI. Operational margins remained healthy, and the company maintained strong financial flexibility with 95% of NOI unencumbered.

• EPS increased to $2.68, up from $2.61 in Q3 2024
• Core FFO per share grew slightly to $2.75

Markel's Q3 2025 results showed revenue growth across all segments, while adjusted operating income rose significantly despite lower GAAP operating income. Insurance operations improved underwriting margins, and strong cash flow enabled share repurchases.

• Revenue rose 7% YoY to $3.93 billion in Q3 2025.
• Adjusted operating income increased 24% to $621 million.

Smurfit Westrock posted $8.003 billion in revenue and $1.302 billion in adjusted EBITDA for Q3 2025. The company maintained robust margins globally and demonstrated strong cash generation with $579 million in adjusted free cash flow.

• Delivered $1.302 billion in adjusted EBITDA with a margin of 16.3%
• Generated $579 million in adjusted free cash flow from $1.1 billion in operating cash

Flex delivered a record-breaking second quarter, with net sales at $6.8 billion and adjusted EPS at $0.79. Operating margins improved, and the company raised its full-year outlook on the back of strong demand in its Power and Cloud segments.

• Achieved record adjusted EPS of $0.79 despite Ukraine facility impairment costs
• Net sales reached $6.8 billion, driven by strong performance in Power and Cloud

AerCap posted a strong Q3 2025, generating $1.22 billion in net income and $865 million in adjusted net income. Revenues rose sharply due to robust lease income and record asset sales, with continued recoveries from the Ukraine conflict boosting results.

• Net income reached $1.22 billion; adjusted net income was $865 million
• EPS was $6.98; adjusted EPS was $4.97

Telefônica Brasil reported net operating revenue of R$15245000000 in Q3 2025, increasing year-over-year, with EBITDA of R$6543000000 and net income of R$1724000000. Growth was driven by postpaid mobile, FTTH expansion and strong B2B digital services momentum.

• Net operating revenue reached R$15245000000, up year-over-year.
• EBITDA totaled R$6543000000 with margin expansion.

Tenaris delivered solid Q3 2025 results with $2.98 billion in revenue and $453 million in net income. While margins remained strong, they did not yet fully reflect the recent tariff changes. Free cash flow declined due to higher working capital needs, and net cash fell following continued share buybacks.

• Revenue reached $2.98 billion, slightly down from Q2 but up year-over-year.
• Net income totaled $453 million, impacted by higher tax and equity losses.

Invitation Homes saw revenue growth in Q3 2025, with net income increasing by over 43% year-over-year. While new lease growth turned negative, renewal rent growth and occupancy remained solid.

• Revenue rose to $688,166,000, a 4.2% increase year-over-year
• Net income attributable to common stockholders reached $136,474,000

Watsco, Inc. experienced a 4% revenue decline to $2.07 billion in Q3 2025, primarily due to a significant regulatory transition to A2L refrigerants and weaker consumer spending. Despite these headwinds, the company achieved record gross profit margin of 27.5% and maintained strong operating cash flow, demonstrating resilience and effective management of the transition.

• Revenues decreased 4% to $2.07 billion, with a 3% decline in U.S. markets and a 14% decline in non-U.S. markets.
• Gross profit margin expanded by 130 basis points to a record 27.5%, driven by pricing technologies and OEM pricing actions.

UMC reported stable revenue of $1.94 billion for Q3 2025, with EPS of $0.039 and net income of $490 million. Despite flat top-line performance, improved non-operating income supported profitability.

• Revenue remained flat at $1.94 billion compared to the previous quarter.
• Net income increased to $490 million, aided by strong non-operating income.

Mid-America Apartment Communities, Inc. (MAA) delivered Core FFO results in line with expectations for the third quarter of 2025, despite elevated supply, economic uncertainties, and slower job growth. The company achieved new and renewal pricing above last year's levels and sequential improvement in blended rates. Resident retention remained strong with turnover at a record low. MAA also expanded its development pipeline with acquisitions in Kansas City and Scottsdale, Arizona.

• Core FFO per share diluted was $2.16, aligning with expectations for the quarter.
• Effective blended lease rate growth was 0.3%, with renewal lease rate growth at 4.5% and new lease rate growth at -5.2%.

Essex delivered stronger net income in Q3 2025, primarily due to gains on asset sales, while Core FFO slightly exceeded guidance. Same-property performance showed stable growth, and full-year guidance was raised modestly.

• Net income per diluted share increased to $2.56, driven by gains on property sales.
• Core FFO per diluted share was $3.97, exceeding guidance midpoint by $0.03.

Fortive reported third-quarter 2025 revenue of $1.03 billion, up 2.3% year-over-year, driven by modest growth in both Intelligent Operating Solutions and Advanced Healthcare Solutions segments. Adjusted EPS rose 15.3% to $0.68, while GAAP EPS was $0.35. The company also executed $1 billion in share repurchases during the quarter.

• Revenue grew 2.3% year-over-year to $1.03 billion, with core revenue growth of 1.9%.
• Adjusted EPS increased 15.3% to $0.68, reflecting strong operational execution.

Sun Communities delivered Q3 2025 results marked by a positive net income of $8.5 million, EPS of $0.07, and strong performance in its North American manufactured housing operations. Core FFO per share was $2.28, and adjusted blended occupancy in North America reached 99.2%.

• Net income attributable to common shareholders was $8.5 million, with diluted EPS of $0.07.
• Core FFO per share was $2.28, slightly below last year’s $2.36.

Carlisle delivered a slight year-over-year revenue increase in Q3 2025, supported by steady re-roofing activity in its construction materials segment. However, net income declined as a result of increased costs and macroeconomic headwinds affecting demand in key markets like residential construction.

• Revenue reached $1.35 billion, up 1% year-over-year.
• Adjusted EPS was $5.61, while GAAP EPS came in at $4.97.

Sprouts delivered a robust Q3 2025, with 13% revenue growth, increased EPS, and solid net income gains. The company opened 9 new stores and authorized a $1 billion share repurchase plan, underlining its financial strength and commitment to growth.

• Revenue grew to $2.2 billion, up from $1.95 billion a year ago
• Comparable store sales increased by 5.9%

Masco Corporation reported Q3 2025 results showing a 3% decline in net sales to $1.917 billion and a 15% decrease in operating profit to $303 million. Adjusted EPS was $0.97, down 10% year over year, while gross and operating margins contracted due to market headwinds. The company maintained strong liquidity and repurchased shares worth $124 million.

• Net sales declined 3% to $1.917 billion.
• Adjusted EPS decreased 10% to $0.97 from $1.08 in Q3 2024.

C.H. Robinson delivered higher net income and EPS in Q3 2025 despite revenue declines, driven by disciplined cost control and strategic execution across business segments.

• Net income rose 67.6% YoY to $162.99 million despite revenue declining by 10.9%
• Adjusted EPS increased to $1.40 from $1.28 a year ago

Centene Corporation posted a significant net loss for Q3 2025 due to a large goodwill impairment, despite seeing growth in revenue and adjusted EPS beating expectations.

• GAAP EPS was $(13.50) due to a $6.7B goodwill impairment.
• Adjusted EPS came in at $0.50, including a $0.10 tax benefit.

United Therapeutics posted a record-breaking Q3 2025 with $799.5 million in revenue and $338.7 million in net income, as growth in Tyvaso DPI and Orenitram offset declines in other product lines. Operating income rose to $388.5 million with a focus on sustained momentum through new therapies.

• Revenue reached a record $799.5 million, up 7% year-over-year.
• Net income rose to $338.7 million, supported by strong product performance.

Clean Harbors delivered Q3 2025 revenue of $1.55 billion, a 1% increase year over year. Net income rose to $118.8 million with EPS of $2.21, while Adjusted EBITDA grew 6% to $320.2 million, reflecting margin expansion and operational efficiency. The company continued to generate solid cash flow, achieving $230.6 million in adjusted free cash flow, and maintained strong safety metrics and utilization rates.

• Revenue reached $1.55 billion, up from $1.53 billion in Q3 2024.
• Adjusted EBITDA increased 6% to $320.2 million with a 20.7% margin.

AMH delivered strong Q3 2025 results with increased net income, revenue, and Core NOI. The company benefited from higher rental rates, greater occupancy, and disciplined cost controls.

• Revenue rose to $478,464,000 from increased rents and a larger occupied portfolio.
• Net income attributable to common shareholders was $99,697,000, or $0.27 per share.

ITT Inc. reported third-quarter 2025 revenue of $999.1 million, up 13% year over year (6% organic). Operating income was $179.8 million with an 18.0% margin, and adjusted operating margin increased to 18.5%. EPS was $1.62 and adjusted EPS was $1.78, reflecting a 21% improvement from last year. Free cash flow rose 77% to $154.1 million, supported by strong working capital management. The company raised full-year 2025 guidance for revenue, EPS, and cash flow.

• Revenue grew 13% year over year to $999.1 million, with 6% organic growth.
• Adjusted operating margin expanded 20 basis points to 18.5%.

Encompass Health demonstrated strong performance in the third quarter of 2025, with net operating revenue increasing by 9.4% to $1,477.5 million and diluted EPS from continuing operations rising by 15.9% to $1.24. Adjusted EBITDA also saw an impressive 11.4% growth, reaching $300.1 million. The company further expanded its capacity by opening three new hospitals and adding 39 beds to existing facilities, and increased its full-year guidance.

• Net operating revenue for Q3 2025 increased by 9.4% to $1,477.5 million compared to Q3 2024.
• Diluted earnings per share from continuing operations grew by 15.9% to $1.24 in Q3 2025.

Pilgrim's Pride delivered a solid third quarter in 2025, achieving $4.8 billion in net sales and a GAAP operating income margin of 10.4%. The company reported GAAP Net Income of $343.1 million and Adjusted Net Income of $362.9 million, with Adjusted EBITDA reaching $633.1 million. Despite some commodity market volatility, the U.S. business maintained strong performance, while Europe focused on innovation and Mexico continued its growth in branded offerings and capacity expansion.

• Net Sales for Q3 2025 reached $4.759 billion, an increase of 3.8% compared to the prior year.
• GAAP EPS was $1.44, while Adjusted EPS was $1.52, reflecting a non-GAAP adjustment for litigation settlements and restructuring activities.

Evercore Inc. announced record third quarter 2025 results, with net revenues reaching $1.04 billion, a 41% increase year-over-year. Operating income surged by 77% to $216.2 million, and diluted EPS grew by 83% to $3.41. The company experienced strong momentum across all Advisory businesses, including record performance in European Advisory, Private Capital Advisory, and Private Funds Group.

• Record Third Quarter Net Revenues of $1.04 billion, a 41% increase from Q3 2024.
• Operating Income increased by 77% to $216.2 million, with operating margins expanding to 20.8%.

Generac posted Q3 2025 revenue of $1.11 billion, a 5% decline from the prior year. EPS dropped to $1.12 from $1.89, while adjusted EPS was $1.83. Residential product sales fell 13%, but C&I products saw a 9% increase, supported by demand in the data center segment.

• Revenue fell 5% YoY to $1.11 billion due to weaker residential sales.
• EPS declined to $1.12, while adjusted EPS was $1.83.

Alamos Gold delivered a strong third quarter in 2025, achieving record free cash flow of $130.3 million and record revenues of $462.3 million. This performance was fueled by a 3% increase in gold production to 141,700 ounces and significant margin expansion. However, the company revised its 2025 production guidance lower by approximately 6% due to unplanned downtime at the Magino mill and lower expected underground grades from Island Gold following a seismic event.

• Achieved record free cash flow of $130.3 million, a significant increase from the prior year, driven by higher production and gold prices.
• Reported record quarterly revenues of $462.3 million, up 28% from the prior year, primarily due to higher realized gold prices.

Leonardo DRS delivered an impressive third quarter in 2025, with revenue climbing 18% year-over-year to $960 million and net earnings increasing 26% to $72 million. The company saw strong demand across its segments, leading to record backlog and healthy cash flow generation, while also revising its full-year guidance upwards for revenue and Adjusted Diluted EPS.

• Revenue increased by 18% year-over-year to $960 million, primarily driven by counter UAS, electric power and propulsion, naval network computing, and advanced infrared sensing programs.
• Net Earnings rose 26% to $72 million, and Adjusted EBITDA grew 17% to $117 million, reflecting higher operational profitability and lower net interest expense.

Antero Resources delivered a robust third quarter in 2025, marked by significant operational achievements including new drilling and completion records. The company reported a net income of $76 million and an adjusted net income of $48 million, alongside a substantial increase in Adjusted EBITDAX and Free Cash Flow compared to the prior year. Strategic acquisitions totaling $260 million were completed, expanding the company's Marcellus footprint and production capacity, funded by 2025 Free Cash Flow. Antero also initiated dry gas development and continued its share repurchase program.

• Net income reached $76 million, with Adjusted Net Income at $48 million, reflecting strong financial performance.
• Adjusted EBITDAX increased by 70% to $318 million, and Free Cash Flow rose to $91 million, demonstrating improved cash generation.

Align Technology delivered a strong third quarter, with total revenues reaching $995.7 million, surpassing guidance. Clear Aligner volume saw a significant increase, particularly in international markets and among teens and kids, while Imaging Systems and CAD/CAM Services revenues experienced an expected seasonal decline. The company's non-GAAP operating margin also exceeded its outlook, demonstrating effective cost management despite restructuring charges.

• Total revenues for Q3'25 were $995.7 million, up 1.8% year-over-year and above the company's guidance range.
• Clear Aligner volume increased by 4.9% year-over-year, driven by strong performance in EMEA, APAC, and Latin America, and a notable 8.3% increase in the teens and kids segment.

Regal Rexnord delivered a strong third quarter in 2025, exceeding expectations with robust daily orders, particularly in the data center market. The company achieved positive organic sales growth and improved its financial position by paying down debt. Despite some market headwinds and tariff challenges, operational execution remained solid, with key segments like Industrial Powertrain Solutions and Power Efficiency Solutions showing strong performance.

• Diluted EPS increased by 10.1% to $1.20, and Adjusted Diluted EPS rose by 0.8% to $2.51 compared to the prior year.
• Daily orders grew by 9.8%, significantly boosted by $135 million in data center project orders within the Automation & Motion Control and Power Efficiency Solutions segments.

MGM Resorts International delivered a quarter of consolidated net revenue growth, primarily driven by record third-quarter results from MGM China and accelerated growth from the BetMGM North American venture. Despite a decrease in Las Vegas Strip Resorts revenue due to room remodels and other factors, the company's overall revenue increased by 2% year-over-year. However, the company reported a net loss attributable to MGM Resorts due to a significant non-cash goodwill impairment charge related to Empire City.

• Consolidated net revenues increased by 2% year-over-year to $4.3 billion, primarily due to strong performance at MGM China.
• MGM China achieved record third-quarter Segment Adjusted EBITDAR and increased its market share to 15.5%, with net revenues up 17%.

OGE Energy Corp. delivered a strong third quarter in 2025, with diluted earnings per share rising to $1.14 from $1.09 in the prior year. Net income increased to $231.3 million, up from $218.7 million, primarily due to the robust performance of its regulated electric company, OG&E, which saw increased recovery of capital investments. The company is actively expanding its natural gas turbine capacity to meet growing energy demands while maintaining competitive rates.

• Diluted EPS for Q3 2025 increased to $1.14, up from $1.09 in Q3 2024.
• Net income for the quarter was $231.3 million, an increase from $218.7 million in the same period last year.

Coca-Cola Consolidated delivered a strong third quarter in 2025, with net sales increasing by 7% to $1.888 billion and gross profit rising by 7% to $749 million. Income from operations grew by 9% to $247 million, and diluted EPS increased by 24% to $1.64. The company saw solid volume growth, particularly in still beverages, and improved gross and operating margins.

• Net sales for the third quarter of 2025 increased by 6.9% to $1.888 billion compared to the same period in 2024, driven by annual price increases and strong volume performance.
• Gross profit rose by 7.2% to $748.5 million, with gross margin improving by 10 basis points to 39.6% in the third quarter of 2025.

Chart Industries delivered a strong third quarter in 2025, marked by record orders of $1.68 billion, a 43.9% increase year-over-year, and a record adjusted operating income margin of 22.9%. Despite a reported operating loss due to deal-related costs, the company achieved significant growth in key segments like Heat Transfer Systems and Specialty Products, driven by demand in LNG and data centers.

• Record orders reached $1.68 billion, a 43.9% increase compared to Q3 2024, driven by Heat Transfer Systems and Specialty Products.
• Sales for the quarter were $1.10 billion, up 3.6% year-over-year, with total company sales excluding Repair, Service & Leasing increasing by 9.7%.

Antero Midstream delivered a strong third quarter in 2025, marked by significant operational growth and improved financial metrics. The company saw a 5% year-over-year increase in low-pressure gathering and compression volumes, and a notable 30% rise in fresh water delivery volumes. Financially, net income increased by 14% per share, adjusted EBITDA grew by 10%, and free cash flow after dividends nearly doubled compared to the prior year quarter, allowing for debt reduction and share repurchases.

• Net Income increased by 14% per diluted share to $116 million, compared to the prior year quarter.
• Adjusted EBITDA rose by 10% to $281 million, demonstrating strong operational performance.

Avantor experienced a challenging third quarter in 2025, with net sales decreasing by 5% to $1.62 billion. The company reported a substantial net loss of $712 million, primarily driven by a $785 million non-cash goodwill impairment charge related to its Distribution reporting unit. Despite the loss, adjusted EPS was $0.22, and the company generated $207 million in operating cash flow.

• Net sales for Q3 2025 were $1.62 billion, a 5.3% decrease compared to Q3 2024, with a 4.7% organic sales decline.
• The company reported a net loss of $711.8 million and a diluted GAAP loss per share of $1.04, largely due to a $785 million goodwill impairment charge.

AXIS Capital delivered a robust third quarter in 2025, marked by a 14% year-over-year increase in diluted book value per common share and an 18% annualized operating return on equity. The insurance segment achieved record gross premiums written of $1.7 billion, an 11% growth, and a strong combined ratio of 85.9%. The reinsurance segment also performed solidly with a 92.2% combined ratio and a 6% increase in gross premiums written.

• Diluted book value per common share increased by 14% year-over-year.
• Annualized operating return on average common equity reached 18%.

Allison Transmission experienced a challenging third quarter in 2025, with overall net sales decreasing to $693 million from $824 million in the prior year, primarily due to lower demand in the North America On-Highway market. Despite these headwinds, the company achieved a strong Adjusted EBITDA margin of 37% and generated significant cash flow, with net cash provided by operating activities at $228 million and adjusted free cash flow at $184 million.

• Net sales for the third quarter of 2025 were $693 million, a decrease from $824 million in Q3 2024.
• Diluted EPS for the quarter was $1.63, while net income stood at $137 million.

Bio-Rad Laboratories reported a modest revenue increase of 0.5% to $653.0 million in Q3 2025 compared to the previous year. The company experienced a GAAP net loss of $341.9 million, primarily due to a change in the fair market value of its investment in Sartorius AG, but achieved a non-GAAP net income of $60.8 million. Operating margin improved, reflecting disciplined cost management.

• Total net sales for Q3 2025 were $653.0 million, a 0.5% increase year-over-year.
• The company reported a GAAP net loss of $341.9 million, or $(12.70) per diluted share, largely due to a fair market value change in its Sartorius AG investment.

Murphy USA experienced a decrease in net income for Q3 2025 compared to the prior year, primarily due to lower fuel margins, restructuring expenses, and higher store operating expenses, which offset gains from higher merchandise contribution and lower general and administrative expenses. Adjusted EBITDA remained relatively flat.

• Net income for Q3 2025 was $129.9 million, a decrease from $149.2 million in Q3 2024.
• Total merchandise contribution increased by 11.3% to $241.2 million, driven by higher merchandise margins and sales volumes.

Brinker International delivered robust financial results for the first quarter of fiscal 2026, with total revenues increasing by 18.5% to $1.349 billion and net income surging by 158% to $99.5 million. This growth was primarily fueled by Chili's, which saw a 21.4% increase in comparable restaurant sales, significantly outperforming the overall market. Maggiano's, however, faced challenges with a 6.4% decline in comparable restaurant sales.

• Total revenues for Q1 fiscal 2026 reached $1.349 billion, an 18.5% increase from the previous year.
• Net income for the quarter was $99.5 million, a substantial 158% increase year-over-year.

Cognex delivered a strong third quarter in 2025, with revenue increasing 18% year-over-year to $277 million and adjusted diluted earnings per share rising 69% to $0.33. The company achieved an operating margin of 20.9% and an adjusted EBITDA margin of 24.9%, the highest since Q2 2023, reflecting profitable growth and cost discipline.

• Revenue grew 18% year-over-year, or 16% on a constant-currency basis, reaching $277 million.
• Adjusted diluted earnings per share increased 69% year-over-year to $0.33, marking the fifth consecutive quarter of growth.

ESAB Corporation delivered a strong third quarter, achieving $728 million in sales, an 8% increase year-over-year. The company returned to positive core organic growth and saw mid-single-digit growth in its Equipment and Automation segment. Net income was $64 million, and diluted EPS was $1.04, with core adjusted EPS reaching $1.32. The completion of the EWM acquisition further strengthened its heavy equipment and automation portfolio.

• Total sales increased by 8% to $728 million compared to the prior year, with core organic growth at 2%.
• Net income from continuing operations attributable to ESAB was $64 million, and diluted EPS was $1.04.

Ionis achieved 17% year-over-year revenue growth in Q3 2025, boosted by TRYNGOLZA product sales and increased royalty contributions. Despite a GAAP net loss of $129M, non-GAAP metrics reflected improved operational performance.

• Total revenue grew to $157M, a 17% increase YoY.
• TRYNGOLZA generated $32M in net product sales in Q3.

Coeur Mining delivered a record-breaking third quarter in 2025, with revenue reaching $555 million and GAAP net income soaring to $267 million. The company saw significant increases across key financial metrics, including adjusted EBITDA and operating cash flow, primarily due to higher metal prices and strong performance from its North American gold and silver operations, particularly Las Chispas.

• Record quarterly revenue of $555 million, a substantial increase from the prior period and the third quarter of 2024.
• GAAP net income from continuing operations reached a record $267 million, or $0.41 per share.

Gates Industrial Corporation plc delivered a solid third quarter in 2025, with net sales increasing by 3.0% to $855.7 million and core sales growing by 1.7%. The company achieved double-digit EPS growth year-over-year and an adjusted EBITDA margin increase of 90 basis points to 22.9%. Net income from continuing operations also saw a significant increase, rising by 370 basis points to a margin of 10.4%.

• Net sales for Q3 2025 reached $855.7 million, a 3.0% increase from the prior year, with core sales growth of 1.7%.
• Net income attributable to shareholders was $81.6 million, or $0.31 per diluted share, with Adjusted Net Income per diluted share at $0.39.

The Hanover Insurance Group, Inc. achieved record third-quarter net income of $178.7 million and operating income of $185.6 million, translating to $4.90 and $5.09 per diluted share, respectively. The company's combined ratio improved to 91.1%, or 88.1% excluding catastrophes, reflecting strong underwriting and lower catastrophe losses. Net premiums written increased by 4.5%, and net investment income surged by 27.5% due to higher earned yields.

• Record third-quarter net income of $178.7 million and operating income of $185.6 million, with EPS of $4.90 and non-GAAP EPS of $5.09.
• Combined ratio improved to 91.1%, and 88.1% excluding catastrophes, indicating strong underwriting performance.

Littelfuse delivered strong third quarter performance with a 10.1% increase in net sales year-over-year, reaching $624.64 million. Adjusted diluted EPS of $2.95 surpassed guidance, reflecting solid execution despite mixed end market conditions. The company also announced the upcoming acquisition of Basler Electric to expand its industrial market opportunities.

• Net sales increased by 10.1% year-over-year to $624.64 million in the third quarter of 2025.
• Adjusted diluted EPS was $2.95, exceeding the high end of the company's guidance range.

SiteOne Landscape Supply, Inc. delivered a strong third quarter in 2025, with net sales increasing to $1,258.2 million, a 4% rise year-over-year. The company achieved a 3% Organic Daily Sales growth and expanded its gross margin by 70 basis points to 34.7%. Net income attributable to SiteOne surged by 33% to $59.1 million, and Adjusted EBITDA grew by 11% to $127.5 million, demonstrating meaningful operating leverage despite challenging end markets.

• Net sales for Q3 2025 increased by 4% to $1,258.2 million compared to the prior year.
• Organic Daily Sales grew by 3%, driven by sales initiatives and improved pricing.

UFP Industries experienced a challenging third quarter in 2025, with a 5% decrease in net sales to $1.56 billion, primarily due to a 1% decrease in price and a 4% decline in organic units. Diluted earnings per share dropped to $1.29 from $1.64 in the prior year, and net earnings attributable to controlling interest decreased by 25.7% to $75.3 million. Despite these declines, the company maintained a strong balance sheet with $1.0 billion in cash and cash equivalents and reaffirmed its volume outlook for the remainder of 2025.

• Net sales for Q3 2025 were $1.56 billion, a 5% decrease year-over-year, driven by lower prices and organic unit declines.
• Diluted EPS for the quarter was $1.29, a significant decrease from $1.64 in Q3 2024.

Kirby Corporation delivered a resilient third quarter performance in 2025, with consolidated revenues reaching $871.2 million and net earnings attributable to Kirby of $92.5 million. The company's coastal marine and power generation segments showed continued strength, while the inland marine market experienced some near-term softness. Despite challenges, the distribution and services segment achieved year-over-year growth in both revenue and operating income, driven by robust demand in power generation.

• Consolidated revenues for Q3 2025 were $871.2 million, an increase from $831.1 million in Q3 2024.
• Diluted EPS for Q3 2025 was $1.65, up 6% compared to $1.55 in Q3 2024.

Etsy reported $678M in revenue and $75.5M in net income for Q3 2025, with a take rate of 24.9% and consolidated GMS of $2.72B. The company achieved 25.4% adjusted EBITDA margin, while Depop continued strong growth.

• Revenue reached $678M, up 6.1% YoY excluding Reverb.
• Net income was $75.5M with an 11.1% margin.

Guardant Health delivered an exceptional third quarter in 2025, achieving a 39% increase in total revenue to $265.2 million, driven by robust performance in oncology test volumes, significant growth in screening revenue from Shield, and solid contributions from biopharma and data. The company also improved its non-GAAP gross margin to 66% and reduced its net loss compared to the prior year, demonstrating strong operational execution and market expansion.

• Total revenue increased by 39% year-over-year to $265.2 million, surpassing $1 billion in annualized revenue.
• Oncology test volume grew by 40%, with oncology revenue increasing by 31% to $184.4 million.

WEX delivered a strong third quarter in 2025, with total revenue increasing by 3.9% to $691.8 million, driven by robust performance in the Benefits and Corporate Payments segments. GAAP diluted EPS was $2.30, while adjusted diluted EPS reached $4.59, surpassing guidance. The company also raised its full-year 2025 revenue and adjusted net income guidance, reflecting confidence in continued growth and operational efficiency.

• Total revenue for Q3 2025 increased by 3.9% year-over-year to $691.8 million, exceeding the high end of guidance.
• Adjusted net income per diluted share was $4.59, up 5.5% from the prior year, also surpassing guidance expectations.

Moelis & Company delivered a robust third quarter in 2025, with GAAP revenues reaching $356.9 million and Adjusted revenues increasing by 34% to $376.0 million. Net income saw substantial growth, with GAAP net income at $60.1 million and Adjusted net income at $58.9 million, translating to diluted EPS of $0.67 and Adjusted diluted EPS of $0.68, respectively.

• GAAP revenues for Q3 2025 were $356.9 million, a 30% increase from $273.8 million in Q3 2024.
• Adjusted revenues for Q3 2025 rose 34% to $376.0 million, up from $280.7 million in Q3 2024.

The Timken Company delivered a solid third quarter in 2025, with sales reaching $1.16 billion, a 2.7% increase year-over-year. This growth was primarily driven by higher pricing, favorable foreign currency translation, and the CGI acquisition, despite some softness in end-market demand within the Industrial Motion segment. The company reported net income of $69.3 million and adjusted EPS of $1.37, exceeding last year's adjusted EPS. Free cash flow saw a significant increase, highlighting strong operational performance.

• Net sales increased by 2.7% to $1.16 billion in Q3 2025, driven by pricing, foreign currency, and the CGI acquisition.
• Diluted EPS was $0.99, while adjusted diluted EPS rose by 11.4% to $1.37.

Glaukos reported record net sales of $133.5 million in Q3 2025, marking a 38% increase year-over-year. This growth was primarily driven by strong performance in the glaucoma segment, particularly in the U.S. market. The company also raised its full-year 2025 net sales guidance and provided preliminary 2026 guidance, reflecting continued positive momentum.

• Record net sales reached $133.5 million in Q3 2025, an increase of 38% year-over-year.
• Glaucoma net sales were a record $110.2 million, up 45% year-over-year, with U.S. Glaucoma sales increasing 57% to $80.8 million.

Silgan Holdings Inc. reported strong third quarter 2025 results, with net sales increasing 15% to $2.01 billion and net income rising to $113.3 million. The company achieved record adjusted EBIT in Dispensing and Specialty Closures and Custom Containers, driven by strategic growth initiatives and successful acquisitions, despite some headwinds in North American beverage and personal/home care markets.

• Achieved sixth consecutive quarter of record Dispensing and Specialty Closures adjusted EBIT.
• Realized mid-teen percentage organic growth in dispensing volumes for fragrance markets.

Reynolds Consumer Products delivered a strong third quarter in 2025, with net revenues increasing by 2% to $931 million, driven by growth across all four business units and share gains in most categories. The company effectively managed a dynamic cost environment, leading to an increase in Adjusted Net Income and Adjusted EPS, and subsequently raised its full-year revenue and adjusted EPS guidance.

• Net Revenues increased by 2% to $931 million, compared to $910 million in Q3 2024, with Retail Net Revenues up 1%.
• Adjusted Net Income rose to $88 million from $86 million in Q3 2024, and Adjusted EPS increased to $0.42 from $0.41 in Q3 2024.

Impinj delivered a strong third quarter in 2025, with revenue reaching $96.1 million and adjusted EBITDA at $19.1 million, both surpassing guidance. The company reported a GAAP net loss of $12.8 million, or $0.44 per diluted share, but achieved non-GAAP net income of $17.7 million, or $0.58 per diluted share. The company's focus on solutions and Gen2X continues to drive recurring endpoint IC volumes and market leadership.

• Revenue for Q3 2025 was $96.1 million, exceeding guidance.
• Adjusted EBITDA reached $19.1 million, also surpassing guidance.

Rush Enterprises experienced a slight decline in total revenues and net income in Q3 2025 compared to the previous year, primarily due to challenging industry conditions, particularly in new Class 8 truck sales, and increased selling, general, and administrative expenses. However, the company's diversified business model, strong aftermarket performance, and growth in light-duty vehicle sales helped mitigate some of these headwinds.

• Total revenues for Q3 2025 were $1.881 billion, a slight decrease from $1.896 billion in Q3 2024.
• Net income for Q3 2025 was $66.7 million, or $0.83 per diluted share, down from $79.1 million, or $0.97 per diluted share, in Q3 2024.

Graham Holdings Company experienced a 6% increase in revenue for the third quarter of 2025, reaching $1,278.9 million, driven by growth in education, manufacturing, and healthcare segments. However, operating income declined by 18% to $67.1 million, primarily due to decreases in television broadcasting and automotive. Net income attributable to common shares significantly increased by 70% to $122.9 million, or $27.91 per share, largely influenced by net gains on marketable equity securities.

• Revenue for Q3 2025 increased by 6% to $1,278.9 million, compared to $1,207.2 million in Q3 2024.
• Operating income decreased by 18% to $67.1 million in Q3 2025, down from $81.6 million in Q3 2024.

Avnet delivered a strong first quarter for fiscal year 2026, with sales of $5.9 billion and adjusted diluted EPS of $0.84, both surpassing expectations. The company saw significant year-over-year sales growth in Farnell and Asia, and a return to growth in the Americas, indicating positive signs of market recovery despite ongoing uncertainty.

• First quarter sales reached $5.9 billion, exceeding expectations.
• Adjusted diluted EPS was $0.84, also above expectations.

EPR Properties delivered solid third quarter results, with total revenue increasing by 1.0% and net income available to common shareholders surging by 49.1% compared to the prior year. The company also increased its FFOAA per diluted common share guidance for the full year, reflecting continued momentum and portfolio stability.

• Total revenue for the third quarter of 2025 was $182.3 million, a 1.0% increase from the same period last year.
• Net income available to common shareholders significantly increased by 49.1% to $60.554 million.

TransMedics delivered a robust third quarter in 2025, with total revenue increasing by 32% year-over-year to $143.8 million. The company achieved a net income of $24.3 million, or $0.66 per diluted share, demonstrating strong profitability and operational efficiency.

• Total revenue for Q3 2025 reached $143.8 million, marking a 32% increase compared to Q3 2024.
• Net income for Q3 2025 was $24.3 million, or $0.66 per diluted share, significantly up from $4.2 million in Q3 2024.

Independence Realty Trust delivered a solid third quarter in 2025, meeting expectations with a 2.7% increase in same-store Net Operating Income (NOI) and Core Funds from Operations (CFFO) per share of $0.29. The company's focus on stable occupancy and value-add renovations contributed to its performance, alongside strategic acquisitions in Orlando, Florida, and a strong balance sheet.

• Q3 2025 EPS was $0.03, with CFFO Per Share at $0.29, both in line with expectations.
• Same-store NOI grew by 2.7% in Q3, attributed to a 1.4% increase in rental revenue and a 0.7% decrease in property operating expenses.

Tenable reported strong third-quarter 2025 financial results, surpassing revenue and profit expectations. The company achieved $252.4 million in revenue, an 11% year-over-year increase, and a non-GAAP diluted EPS of $0.42. This performance was attributed to robust demand for its exposure management platform and the industry's shift towards proactive cybersecurity.

• Revenue reached $252.4 million, marking an 11% year-over-year growth.
• GAAP net income was $2.3 million, a significant improvement from a loss in the prior year.

Valaris delivered a strong third quarter in 2025, with net income increasing to $187 million and total operating revenues reaching $596 million. The company achieved a revenue efficiency of 95% and secured a significant contract for VALARIS DS-12, ensuring all four active drillships with near-term availability are now contracted. Proceeds from asset sales and robust cash flow from operations further strengthened the financial position.

• Total operating revenues reached $596 million, with a strong revenue efficiency of 95%.
• Net income significantly increased to $187 million, up from $114 million in the previous quarter, partly due to a $90 million gain on asset sale.

Hayward Holdings delivered a robust third quarter, with net sales increasing 7% year-over-year to $244.3 million and net income surging 46% to $24.0 million. The company saw growth across both North America and Europe & Rest of World segments, driven by positive net pricing, increased volume, and operational efficiencies. Adjusted EBITDA also grew significantly by 16% to $59.1 million, and diluted EPS increased by 57% to $0.11.

• Net Sales increased 7% year-over-year to $244.3 million, driven by positive net price, increased volume, and favorable foreign currency translation.
• Net Income rose 46% year-over-year to $24.0 million, with net income margin expanding 250 basis points to 9.8%.

CBIZ delivered a strong third quarter in 2025, with total revenue reaching $693.8 million, a significant 58.1% increase year-over-year. Adjusted EBITDA also saw substantial growth of 57.4% to $120.0 million, and adjusted diluted EPS rose by 8.5% to $1.01. However, GAAP net income decreased by 14.1% to $30.1 million, and GAAP EPS fell by 31.4% to $0.48.

• Total revenue for the third quarter of 2025 was $693.8 million, marking a 58.1% increase compared to the same period in 2024.
• Adjusted EBITDA grew by 57.4% to $120.0 million, demonstrating strong operational performance.

Blackbaud delivered a strong third quarter in 2025, with GAAP revenue of $281.1 million and non-GAAP organic revenue growth of 5.2%. The company achieved a GAAP net income of $47.5 million and non-GAAP diluted EPS of $1.10, demonstrating significant improvements in profitability and cash flow compared to the previous year.

• GAAP total revenue was $281.1 million, a 1.9% decrease year-over-year, primarily due to the divestiture of EVERFI.
• Non-GAAP organic revenue increased by 5.2%, indicating strong underlying business growth.

First Interstate BancSystem, Inc. reported a net income of $71.4 million, or $0.69 per diluted share, for the third quarter of 2025. This represents a significant increase from $55.5 million, or $0.54 per diluted share, in the third quarter of 2024. The company's net interest margin improved to 3.34%, and capital ratios continued to strengthen, with the common equity tier 1 capital ratio rising to 13.90%.

• Net income for Q3 2025 was $71.4 million, a 28.6% increase from Q3 2024.
• Diluted EPS for Q3 2025 was $0.69, up from $0.54 in Q3 2024.

Newmark generated Q3 2025 total revenues of 852400000, representing solid year-over-year growth driven by continued strength in Capital Markets and resilient recurring revenues. GAAP net income available to common stockholders was 38200000, with GAAP EPS of 0.15 and Adjusted EPS of 0.38, reflecting operating leverage and margin expansion.

• Total revenues reached 852400000 in Q3 2025, reflecting double-digit year-over-year growth.
• GAAP EPS increased to 0.15, while Adjusted EPS rose to 0.38.

The St. Joe Company delivered an exceptional third quarter in 2025, with net income attributable to the company surging by 130% to $38.7 million and total revenue increasing by 63% to $161.1 million. This growth was primarily fueled by a 199% increase in real estate revenue, including a significant senior living community sale, alongside record-breaking hospitality and leasing revenues. The company also increased its quarterly dividend by 14% and continued its capital allocation strategy through capital expenditures, debt repayment, and stock repurchases.

• Net income attributable to the Company increased by 130% to $38.7 million, or $0.67 per share, compared to $16.8 million, or $0.29 per share, in Q3 2024.
• Total revenue grew by 63% to $161.1 million, up from $99.0 million in the prior year's third quarter, with all segments showing organic growth.

MYR Group Inc. reported a strong third quarter in 2025, with revenues reaching $950.4 million, a notable increase from the previous year. The company achieved record quarterly net income of $32.1 million and record quarterly EBITDA of $62.7 million. Both the Transmission and Distribution (T&D) and Commercial and Industrial (C&I) segments contributed to the revenue growth, with gross profit and gross margin also seeing substantial improvements.

• Quarterly revenues increased to $950.4 million, up $62.4 million from Q3 2024.
• Record quarterly net income reached $32.1 million, or $2.05 per diluted share.

Extreme Networks delivered strong first-quarter fiscal year 2026 results, with revenue up 15.2% year-over-year to $310.2 million, marking its sixth consecutive quarter of sequential growth. SaaS ARR increased by 24.2% year-over-year to $216.2 million, highlighting momentum in its subscription model. The company achieved GAAP diluted EPS of $0.04 and non-GAAP diluted EPS of $0.22, exceeding expectations due to improved execution and prudent expense management.

• Total net revenue reached $310.2 million, an increase of 15.2% year-over-year, marking the sixth consecutive quarter of sequential growth.
• SaaS ARR grew by 24.2% year-over-year to $216.2 million, indicating strong adoption of its subscription model.

The Chefs' Warehouse delivered a strong third quarter in 2025, with net sales increasing by 9.6% to $1.02 billion and GAAP net income rising to $19.1 million. The company also saw significant growth in adjusted EBITDA and adjusted net income per share, driven by improved business trends, market share gains, and increased unique item placements.

• Net sales increased by 9.6% to $1,021.3 million in Q3 2025, up from $931.5 million in Q3 2024.
• GAAP net income rose to $19.1 million, or $0.44 per diluted share, compared to $14.1 million, or $0.34 per diluted share, in the prior year.

Transocean Ltd. experienced a significant net loss of $1.92 billion in Q3 2025, primarily due to a $1.908 billion loss on impairment of assets. Despite the loss, contract drilling revenues increased sequentially to $1.03 billion, driven by improved rig utilization and revenue efficiency. The company also reported positive adjusted net income and free cash flow, and took steps to reduce debt.

• Net loss attributable to controlling interest was $1.92 billion, largely impacted by a $1.908 billion loss on impairment of assets.
• Contract drilling revenues increased sequentially by $40 million to $1.03 billion, primarily due to improved rig utilization and revenue efficiency.

Dana Incorporated delivered a strong third quarter in 2025, with sales reaching $1.9 billion and net income significantly improving to $13 million from a loss in the prior year. The company's adjusted EBITDA increased to $162 million, reflecting an 8.5 percent margin, driven by accelerated cost savings and operational efficiencies. The Off-Highway business divestiture is on track, and the company is executing a substantial capital return program.

• Sales from continuing operations reached $1.92 billion, a slight increase from the prior year, demonstrating resilience amidst market conditions.
• Net income from continuing operations improved significantly to $13 million, compared to a net loss of $21 million in Q3 2024.

Clarivate delivered a strong third quarter in 2025, exceeding expectations with a 7% increase in total revenue to $720 million. The company's focus on subscription and re-occurring revenue proved successful, contributing significantly to the growth. Adjusted EBITDA also saw a healthy rise, indicating improved operational efficiency. The company's strategic initiatives and market position continue to drive positive financial outcomes.

• Total revenue increased by 7% to $720 million, driven by strong performance in subscription and re-occurring revenue.
• Adjusted EBITDA grew by 10% to $310 million, reflecting improved operational efficiency and profitability.

Urban Edge Properties delivered a strong third quarter in 2025, with significant leasing activity and a 21% cash spread on new leases. The company also expanded its footprint in the Boston area with a strategic acquisition and raised its full-year 2025 FFO as Adjusted guidance, reflecting expected annual growth of 6% over the previous year.

• Net income attributable to common shareholders increased to $14.9 million in Q3 2025 from $9.1 million in Q3 2024.
• The company executed over 340,000 square feet of leasing transactions, generating a cash spread of 21% on new leases, renewals, and options on a same-space basis.

TTM Technologies delivered a robust third quarter, exceeding revenue and non-GAAP EPS guidance. The company saw a 22% year-over-year increase in net sales, driven by strong demand in Data Center Computing, Networking, Medical, Industrial, Instrumentation, and Aerospace and Defense markets. Adjusted EBITDA margins remained healthy, and strong cash flow from operations supported continued investment in growth.

• Net sales reached $752.7 million, marking a 22% increase compared to the third quarter of 2024.
• Non-GAAP net income hit a record high of $71.0 million, or $0.67 per diluted share.

OneSpaWorld delivered Q3 2025 total revenues of 258500000, net income of 24300000, and adjusted EBITDA of 35000000, along with strong operating performance and expanding ship count compared to the prior year quarter. Cash remained solid and board approved an increase in the quarterly dividend. :contentReference[oaicite:1]{index=1}

• Total revenues increased 7% year over year to 258500000. :contentReference[oaicite:2]{index=2}
• Net income increased 13% year over year to 24300000. :contentReference[oaicite:3]{index=3}

Provident Financial Services delivered an impressive performance in the third quarter of 2025, achieving record revenues and pre-tax, pre-provision earnings. The company reported net income of $71.7 million, or $0.55 per basic and diluted share, demonstrating responsible growth in earning assets and deposits, while enhancing operational efficiency and maintaining strong asset quality.

• Net income for Q3 2025 was $71.7 million, or $0.55 per share, a significant increase from $46.4 million, or $0.36 per share, in Q3 2024.
• Net interest income rose to $194.3 million, an increase of $10.6 million compared to the same period last year, primarily due to favorable repricing of deposits and growth in the securities portfolio.

Materion Corporation delivered strong third-quarter 2025 financial results, with net sales reaching $444.8 million and net income of $25.4 million. The company achieved record EBITDA margins in Electronic Materials and significant sales and margin expansion in Precision Optics, driven by increased order rates across all business segments. Despite equipment downtime in Performance Materials, Materion affirmed its full-year adjusted earnings per share outlook.

• Net sales for the quarter were $444.8 million, an increase from $436.7 million in the prior year period.
• Net income rose to $25.4 million, or $1.22 per diluted share, compared to $22.3 million, or $1.07 per share, in the prior year quarter.

FormFactor, Inc. reported a strong third quarter for fiscal 2025, with revenues of $202.7 million, exceeding expectations. The company achieved significant improvements in both GAAP and non-GAAP gross margins and net income, driven by profitability improvement actions. Diluted EPS stood at $0.20, with non-GAAP diluted EPS at $0.33.

• Third quarter revenues reached $202.7 million, an increase of 3.5% sequentially.
• GAAP gross margin improved to 39.8% and non-GAAP gross margin to 41.0%, reflecting successful profitability improvement actions.

Pitney Bowes reported third quarter 2025 results with revenue of $459.7 million, an 8% year-over-year decline, but improved net income and EPS, reflecting margin expansion and cost discipline despite continued top-line pressure. Adjusted EPS rose to $0.31 and free cash flow remained positive.

• Total revenue of $459700000, down 8% from the prior year period. :contentReference[oaicite:0]{index=0}
• GAAP diluted EPS of $0.30 and adjusted EPS of $0.31, both improved year-over-year. :contentReference[oaicite:1]{index=1}

Skyward Specialty delivered an exceptional third quarter in 2025, with net income reaching $45.9 million, a substantial increase from the previous year. The company achieved a record-best combined ratio of 89.2% and saw gross written premiums surge by over 50%, primarily fueled by strong growth in the agriculture and credit (re)insurance division.

• Net income for Q3 2025 increased to $45.9 million, up from $36.7 million in Q3 2024.
• Gross written premiums grew by 51.6% to $606.5 million compared to the same period last year.

Rush Street Interactive delivered a strong third quarter in 2025, achieving record quarterly revenue of $277.9 million, a 20% increase year-over-year. The company also reported a substantial increase in net income to $14.8 million and a 54% rise in Adjusted EBITDA to $36.0 million. This growth was primarily driven by strong player acquisition and engagement, particularly in the North American online casino markets, where Monthly Active Users grew by 46%.

• Record quarterly revenue reached $277.9 million, marking a 20% increase year-over-year and the tenth consecutive quarter of sequential revenue growth.
• Net income significantly improved to $14.8 million in Q3 2025, compared to $3.2 million in the same period last year.

The Vita Coco Company delivered an exceptionally strong third quarter, with net sales increasing 37% to $182 million, primarily driven by a 42% growth in Vita Coco Coconut Water. Net income rose to $24 million, and Non-GAAP Adjusted EBITDA increased to $32 million, leading the company to raise its full-year net sales and adjusted EBITDA guidance.

• Net sales surged by 37% to $182 million, significantly exceeding the prior year's $133 million.
• Vita Coco Coconut Water sales grew by an impressive 42%, highlighting its strong market demand.

AtriCure delivered robust third-quarter performance with worldwide revenue reaching $134.3 million, a 15.8% increase year-over-year. The company significantly improved its net loss to $0.3 million and saw a substantial rise in Adjusted EBITDA to $17.8 million, demonstrating strong execution and increasing profitability.

• Worldwide revenue grew by 15.8% year-over-year to $134.3 million, driven by strong product adoption.
• Net loss improved significantly by $7.6 million year-over-year, reaching $0.3 million.

Fresh Del Monte Produce Inc. delivered a quarter of strategic progress in Q3 2025, with net sales slightly higher at $1,021.9 million and gross margin expanding in its fresh and value-added products segment. The company reported a net loss of $29.1 million, but an adjusted net income of $33.1 million, reflecting a disciplined focus on higher-margin categories and strategic portfolio optimization, including the planned divestiture of Mann Packing and exit from underperforming banana farms.

• Net sales for Q3 2025 were $1,021.9 million, a slight increase from the prior year, driven by higher per-unit selling prices in the banana segment and favorable exchange rates.
• The company reported a GAAP operating loss of $21.8 million and a net loss of $29.1 million, primarily due to significant asset impairment charges related to underperforming banana farms and the planned divestiture of Mann Packing.

PC Connection reported a slight decrease in net sales by 2.2% year-over-year to $709.1 million, but achieved a record gross profit of $138.6 million, up 2.4% from the prior year. Net income decreased by 8.6% to $24.7 million, resulting in a diluted EPS of $0.97, down from $1.02 in the same quarter last year. Adjusted diluted EPS remained flat at $0.97.

• Net sales for Q3 2025 decreased by 2.2% year-over-year to $709.1 million.
• Gross profit reached a record $138.6 million, an increase of 2.4% compared to Q3 2024, with gross margin expanding by 90 basis points to 19.6%.

Donnelley Financial Solutions reported a net loss of $40.9 million for the third quarter of 2025, primarily due to an $82.8 million non-cash charge from a pension plan settlement. Despite this, the company saw strong performance in its software solutions, which grew by 10.3% and accounted for over half of total net sales. Adjusted EBITDA increased by 14.6% to $49.5 million, with the Adjusted EBITDA margin expanding to 28.2%, reflecting a favorable sales mix and cost control initiatives.

• Software solutions net sales increased by 10.3% to $90.7 million, representing 51.7% of total net sales.
• The company reported a GAAP net loss of $40.9 million, or $1.49 per diluted share, largely due to an $82.8 million non-cash pension plan settlement charge.

Bel Fuse Inc. delivered a robust third quarter in 2025, with net sales reaching $179.0 million, a significant increase of 44.8% from the previous year. The company also achieved a gross profit margin of 39.7%, up from 36.1% in Q3-24, driven by strong demand in commercial aerospace, defense, and a rebound in networking and distribution sectors. GAAP net earnings attributable to Bel shareholders surged to $22.3 million, compared to $8.1 million in Q3-24.

• Net sales for Q3 2025 were $179.0 million, marking a 44.8% increase from $123.6 million in Q3 2024.
• Gross profit margin improved to 39.7% in Q3 2025, up from 36.1% in the same period last year.

Empire State Realty Trust delivered a solid third quarter in 2025, achieving a net income of $13.645 million and Core FFO of $0.23 per share. The company demonstrated strong leasing activity, signing 87,880 rentable square feet of commercial leases, with Manhattan office occupancy increasing to 90.3%. Despite a slight decrease in Same-Store Property Cash NOI, adjusted for non-recurring items, it showed an increase of 1.1%. The company maintained a healthy balance sheet with $0.8 billion in total liquidity.

• Net Income per fully diluted share was $0.05, with a total net income of $13.645 million for the quarter.
• Core FFO per fully diluted share was $00.23, reflecting strong operational performance.

Rogers Corporation reported third quarter 2025 net sales of $216,000,000 with GAAP diluted EPS of $0.48 and adjusted EPS of $0.90. The company achieved a gross margin of 33.5%, adjusted EBITDA of $37,200,000, and positive net income of $8,600,000. Free cash flow also improved sequentially as operational efficiencies and end-market demand strengthened results. :contentReference[oaicite:0]{index=0}

• Net sales increased 6.5% sequentially to $216.0 million. :contentReference[oaicite:1]{index=1}
• GAAP diluted EPS of $0.48 and adjusted EPS of $0.90 reflected strong earnings improvement. :contentReference[oaicite:2]{index=2}

Teladoc Health experienced a challenging third quarter in 2025, with consolidated revenues decreasing by 2% to $626.4 million and adjusted EBITDA falling by 16% to $69.9 million. The company reported a net loss of $49.5 million, or $0.28 per share, which included a non-cash goodwill impairment charge.

• Consolidated revenue decreased by 2% to $626.4 million in Q3 2025 compared to Q3 2024.
• Net loss for Q3 2025 was $49.5 million, or $0.28 per share, an increase from $33.3 million in Q3 2024.

Udemy demonstrated strong momentum in Q3 2025, with revenue remaining stable year-over-year and a significant improvement in net income, turning a loss into a profit. The company surpassed its full-year target for paid consumer subscribers early, driven by a strategic shift towards higher-value recurring revenue streams, particularly in the Consumer segment.

• Total revenue for Q3 2025 was $195.7 million, consistent with the prior year.
• Net income significantly improved to $1.6 million, compared to a net loss of $25.3 million in Q3 2024.

Stepan Company reported a significant 54% decrease in net income to $10.8 million for Q3 2025, primarily due to a higher effective tax rate and increased interest expense. However, adjusted EBITDA saw a 6% increase to $56.2 million, and free cash flow improved to $40.2 million, driven by working capital reduction. Sales volume increased by 1% year-over-year.

• Reported net income decreased by 54% to $10.8 million, while adjusted net income also fell by 54% to $10.9 million.
• EBITDA and Adjusted EBITDA both increased by 6% year-over-year, reaching $56.1 million and $56.2 million respectively.

Mimedx achieved record net sales of $114 million in Q3 2025, a 35% increase year-over-year, with significant growth in both its Wound and Surgical product categories. The company also reported strong GAAP net income of $17 million and adjusted EBITDA of $35 million, representing a 31% margin, and raised its full-year 2025 net sales growth and adjusted EBITDA expectations.

• Mimedx reported record net sales of $114 million for Q3 2025, marking a 35% increase compared to the prior year.
• Both Wound and Surgical product categories demonstrated strong growth, with Wound sales increasing by 40% and Surgical sales by 26% year-over-year.

Franklin BSP Realty Trust, Inc. experienced a transitional third quarter in 2025, marked by the acquisition of NewPoint Holdings JV LLC. The company reported a GAAP net income of $17.6 million and diluted EPS of $0.12, both lower than the previous quarter. Distributable Earnings also saw a decrease to $26.7 million, or $0.22 per diluted common share. Despite these declines, the company closed significant new loan commitments and maintained a strong total liquidity position.

• GAAP net income for Q3 2025 was $17.6 million, a decrease from $24.4 million in Q2 2025.
• Diluted EPS for Q3 2025 was $0.12, down from $0.19 in Q2 2025.

AMERISAFE, Inc. delivered its sixth consecutive quarter of growth in both gross premiums written and net premiums earned, with voluntary premiums on policies written increasing by 10.6%. However, the company experienced a decrease in net income and earnings per share compared to the third quarter of 2024.

• Gross premiums written increased by 7.2% to $80.3 million.
• Net premiums earned grew by 6.2% to $71.2 million.

Ethan Allen reported consolidated net sales of $147.0 million and a strong gross margin of 61.4% for the first quarter of fiscal 2026. Despite macroeconomic challenges, the company achieved retail segment written order growth of 5.2% and generated strong operating cash flow of $16.8 million. However, adjusted operating margin decreased to 7.2% due to lower consolidated net sales, increased promotional activity, and higher marketing spend.

• Consolidated net sales for the quarter were $147.0 million, a decrease from $154.3 million in the prior year.
• Gross margin remained strong at 61.4%, an increase from 60.8% in the prior year, reflecting commitment to North American manufacturing.

NETGEAR delivered a strong third quarter in 2025, with net revenue of $184.6 million, a 0.9% increase year-over-year. The company achieved a record GAAP gross margin of 39.1% and positive non-GAAP operating income for the first time this year. This performance was primarily driven by the Enterprise segment, which saw a 15.7% revenue increase, and successful navigation of supply headwinds, particularly for ProAV managed switch products.

• Q3 2025 net revenue reached $184.6 million, up 0.9% year-over-year, exceeding the high end of guidance.
• GAAP gross margin hit a record 39.1%, an increase of 820 basis points from the prior year, with non-GAAP gross margin at 39.6%.

Axogen, Inc. delivered a robust third quarter in 2025, with revenue reaching $60.1 million, marking a 23.5% increase year-over-year. The company achieved net income of $0.7 million and adjusted EBITDA of $9.2 million, demonstrating strong operational performance and profitability. Growth was broad-based across all key market segments, and the company raised its full-year revenue guidance.

• Third quarter revenue increased by 23.5% year-over-year to $60.1 million, reflecting continued market maturation and commercial scaling.
• The company achieved a net income of $0.7 million, or $0.01 per share, a significant improvement from a net loss in the prior year.

MediaAlpha delivered record third quarter results, with revenue increasing by 18% year over year to $306.5 million and transaction value growing by 30% to $589.3 million. The Property & Casualty insurance vertical was a significant driver of this growth, achieving a record transaction value of $548 million. Net income rose to $17.6 million, and Adjusted EBITDA reached $29.1 million, indicating strong operational performance. The company also authorized a new $50 million share repurchase program, demonstrating a commitment to shareholder value.

• Revenue increased by 18% year over year to $306.5 million in Q3 2025.
• Total Transaction Value grew by 30% year over year to $589.3 million, with Property & Casualty insurance transaction value reaching a record $548 million.

Oatly Group AB achieved profitable growth in the third quarter of 2025, with a 7.1% increase in revenue to $222.8 million and a positive Adjusted EBITDA of $3.1 million. This marks a significant improvement from the prior year's Adjusted EBITDA loss. However, the company reported a net loss of $65.3 million, primarily driven by fair value losses on Convertible Notes.

• Revenue increased by 7.1% to $222.8 million, with constant currency revenue growth of 3.8% compared to the prior year.
• Adjusted EBITDA turned positive at $3.1 million, an improvement of $8.2 million from a loss in the prior year period.

Farmland Partners Inc. delivered a strong financial performance in Q3 2025, with net income of $0.5 million and AFFO of $2.9 million, representing a significant increase from the prior year. The company also increased its fiscal year 2025 AFFO guidance and announced the sale of its brokerage and farm management business, streamlining its operations.

• Net income for Q3 2025 was $0.5 million, or $0.00 per share, compared to $1.8 million, or $0.02 per share, in Q3 2024.
• AFFO increased significantly to $2.9 million, or $0.07 per share, in Q3 2025, up from $1.4 million, or $0.03 per share, in Q3 2024.

ProPetro delivered a resilient third quarter despite market headwinds, with total revenue of $294 million and a net loss of $2 million. The company's completions business generated reliable free cash flow, and its PROPWR segment achieved significant milestones, including securing new long-term contracts and expanding contracted capacity.

• Total revenue for Q3 2025 was $294 million, a 10% decrease compared to the prior quarter.
• The company reported a net loss of $2 million, or $0.02 loss per diluted share, an improvement from the $7 million net loss in the prior quarter.

Monro, Inc. reported a 4.1% decrease in sales for the second quarter of fiscal 2026, totaling $288.9 million, primarily due to store closures. However, the company achieved a 1.1% increase in comparable store sales from continuing locations, expanded gross margin by 40 basis points, and saw a 0.3% increase in net income to $5.7 million. Adjusted diluted EPS rose to $0.21 from $0.17 in the prior year.

• Sales for the second quarter of fiscal 2026 decreased by 4.1% to $288.9 million, primarily due to the closure of 145 underperforming stores.
• Comparable store sales from continuing locations increased by 1.1%, marking three consecutive quarters of positive comps.

Orange County Bancorp, Inc. announced record third quarter 2025 results, with net income surging by 211.5% to $10.0 million, or $0.75 per basic and diluted share. This substantial growth was primarily fueled by a 17.3% increase in net interest income to $27.0 million and a 62.6% rise in non-interest income to $6.8 million. The company also demonstrated improved financial health with its net interest margin expanding to 4.26% and an efficiency ratio improving to 49.9%.

• Net income for Q3 2025 increased by 211.5% to $10.0 million, compared to $3.2 million in Q3 2024.
• Net interest income rose by 17.3% to $27.0 million, driven by a $3.5 million increase in interest and fees on loans.

MVB Financial Corp. announced a transformative third quarter in 2025, achieving a net income of $17.1 million and diluted EPS of $1.32. Key drivers included a significant pre-tax gain of $34.1 million from the sale of Victor Technologies and a strategic securities repositioning, which, combined with expense efficiencies, is expected to boost annualized EPS by $0.30 to $0.35. The company also saw robust loan growth of 4.9% and enhanced capital strength, with tangible book value per share increasing by 9.7%.

• Net income reached $17.1 million, with diluted EPS of $1.32, significantly up from the previous quarter.
• The sale of Victor Technologies generated a pre-tax gain of $34.1 million, validating MVB's Fintech incubator model.

Blue Foundry Bancorp reported a net loss of $1.9 million for the third quarter of 2025, which was an improvement from the $2.0 million net loss in the previous quarter and $4.0 million net loss in the same period last year. The company experienced an expansion in its net interest margin to 2.34% and saw an increase in total loans to $1.71 billion and deposits to $1.49 billion.

• Net loss improved to $1.9 million, or $0.10 per diluted common share, for Q3 2025.
• Net interest margin increased by six basis points to 2.34% compared to the linked quarter.

SEACOR Marine experienced a decline in consolidated operating revenues and fleet utilization in Q3 2025 compared to the previous year and quarter. However, the company reported a significant increase in net income and operating income, largely driven by a substantial gain from asset dispositions, specifically the sale of two liftboats.

• Consolidated operating revenues for Q3 2025 were $59.2 million, a 14.1% decrease from Q3 2024.
• Net income for Q3 2025 was $9.0 million ($0.35 EPS), a significant improvement from a net loss of $16.3 million in Q3 2024.

Stem delivered a strong third quarter in 2025, with revenue increasing 31% year-over-year to $38.2 million and achieving its second consecutive quarter of positive adjusted EBITDA of $2.0 million. The company's software-focused strategy is evidenced by a 17% year-over-year growth in ARR to $60.2 million and strong gross margin performance, leading to refined and de-risked full-year guidance.

• Revenue increased by 31% year-over-year to $38.2 million, demonstrating solid growth.
• Achieved positive adjusted EBITDA of $2.0 million for the second consecutive quarter, indicating improved profitability.