Acquisition Details - Solaris Energy Infrastructure, Inc. completed the acquisition of Mobile Energy Rental LLC for a total consideration of $136.7 million, which includes $60 million in cash and 16,464,778 units of Solaris LLC and an equal number of shares of Class B Common Stock[2] - Solaris incurred $162 million of additional debt to refinance existing debt and fund the cash due at closing of the transaction[3] - The acquisition method of accounting was used, with assets and liabilities recorded at their fair values as of the acquisition date[3] - The transaction is subject to closing adjustments that have not yet been finalized, indicating potential variability in the final accounting[8] Financial Projections - The pro forma combined total revenue for the year ended December 31, 2024, is projected to be $339.033 million, reflecting an increase from historical revenues[11] - The pro forma operating income is estimated at $43.655 million, with total operating costs and expenses amounting to $295.378 million[11] - Net income attributable to common shareholders is projected to be $6.246 million, with earnings per share of $0.22 on a diluted basis[11] - Total revenues for the pro forma year ended December 31, 2024 are projected to be $23,721 thousand, with lease income contributing $7,821 thousand and service revenue at $2,103 thousand[20] - Net income for the pro forma year ended December 31, 2024 is estimated at $12,930 thousand, reflecting a significant increase from historical figures[20] Revenue Breakdown - The transaction is expected to enhance Solaris's service and leasing revenue, with service revenue projected at $264.260 million and leasing revenue at $60.141 million[11] Pro Forma Adjustments - The pro forma adjustments are preliminary and may change as additional information becomes available, potentially impacting the financial statements materially[8] - Solaris management believes the pro forma financial statements reflect necessary adjustments to present the combined financial information fairly[6] - The pro forma adjustment to interest expense for the year ended December 31, 2024 is estimated to be a net reduction of $5,442 thousand, with a variable interest rate assumed at 10.8%[24] - The company anticipates an additional pro forma depreciation and amortization expense of $8,422 thousand related to the acquisition of identifiable property and equipment[26] - The effective combined U.S. federal and state income tax rate used for pro forma adjustments is 20.2%, leading to a provision for income taxes of $5.7 million[29] - The pro forma adjustment includes the elimination of historical non-leasing depreciation and amortization expenses, resulting in a new depreciation expense of $219 thousand[25] Equipment Depreciation - The company expects to depreciate equipment held for lease once it is delivered and ready for use within the next twelve months[28] Non-Controlling Interests - The transaction resulted in a net loss related to non-controlling interests of $1.5 million due to the issuance of 16.5 million Solaris LLC units[30] Earnings Per Share - Pro forma earnings per share for Class A common stock are projected at $0.22 (basic) and $0.21 (diluted) for the year ended December 31, 2024[32]

Investment and Financial Strategy - Gorilla expects to invest substantially in research and development, which could significantly reduce profitability and may not generate revenue [28]. - The company aims to enhance its services and introduce new offerings to achieve market acceptance, crucial for growth and financial health [28]. - Gorilla may need to raise additional funds in the future to execute its business plan, which may not be available on favorable terms [28]. - The company relies on partnerships for growth, and the success of these partnerships is uncertain, potentially impacting growth [28]. Financial Reporting and Compliance - Financial statements are prepared in accordance with IFRS and presented in U.S. dollars for the fiscal years ended December 31, 2024, 2023, and 2022 [18]. - The fiscal year ends on December 31, with references to fiscal years indicating the respective years ended on that date [19]. Market and Client Dependency - Gorilla earns a substantial portion of its revenues from a limited number of clients, including public sector entities, which poses a risk to its financial condition if these clients are lost [33]. - The business is dependent on expanding its client base and increasing the usage of its services; failure to do so could materially affect its results of operations [33]. - The market for Gorilla's Smart City AI & Cybersecurity services is relatively new and may experience limited growth, impacting the adoption of its services [33]. Risks and Uncertainties - Market estimates and forecasts included in the report may prove to be inaccurate, affecting the company's growth potential [25]. - Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from projections [28]. - The company’s business could be adversely affected if it fails to manage its growth effectively [28]. - Actual future results may differ materially from expectations, highlighting the inherent risks in forward-looking statements [31]. - The company has no obligation to publicly update or revise forward-looking statements unless required by law, indicating uncertainty in future performance [32]. Operational Challenges - Currency exchange rate fluctuations could adversely affect Gorilla's results of operations due to its operations in various currencies [33]. - Gorilla's competitive position relies on its ability to maintain compatibility with third-party products and services; failure to do so could negatively impact its financial condition [33]. - The company partners with industry-leading technology firms to provide end-to-end solutions; inability to develop these relationships could adversely affect its business [33]. - Exchange controls and restrictions on capital movement may have a material adverse effect on Gorilla's financial condition [33]. - Rapidly changing technology and evolving industry standards require Gorilla to adapt effectively; failure to do so could render its products less competitive [33]. Intellectual Property - The company has proprietary rights to various trademarks and service marks important to its business [21].

Financial Performance - Total revenues for the three months ended March 31, 2025, increased to $104.394 million, up 14.4% from $91.356 million in the same period of 2024[19] - Rental revenues rose to $102.640 million, a 19.3% increase compared to $86.037 million in Q1 2024[19] - Net loss for the three months ended March 31, 2025, was $11.657 million, compared to a net loss of $6.857 million in Q1 2024[23] - Operating income for Q1 2025 was $15.324 million, slightly up from $14.008 million in the same quarter of 2024[19] - Basic income per share for Q1 2025 was $0.01, down from $0.03 in Q1 2024[19] - Total expenses for Q1 2025 were $89.070 million, reflecting a 16.9% increase from $76.150 million in Q1 2024[19] - Comprehensive loss for Q1 2025 totaled $25.846 million, compared to a comprehensive income of $10.129 million in Q1 2024[23] - Net income attributable to Acadia shareholders for Q1 2025 was $1.608 million, down from $3.269 million in Q1 2024[19] Assets and Liabilities - Total assets as of March 31, 2025, were $4.736 billion, an increase of 8.3% from $4.371 billion at the end of 2024[17] - Total liabilities increased to $1.947 billion as of March 31, 2025, compared to $1.839 billion at the end of 2024, reflecting a rise of 5.9%[17] - The company reported cash and cash equivalents of $31.984 million as of March 31, 2025, a significant increase from $16.806 million at the end of 2024[17] - The company’s equity attributable to Acadia shareholders increased to $2.298 billion as of March 31, 2025, compared to $2.066 billion at the end of 2024, marking a growth of 11.2%[17] Real Estate Acquisitions and Investments - Acquisitions of real estate in Q1 2025 amounted to $192.222 million, with no acquisitions reported in Q1 2024[26] - The Company acquired retail properties totaling $394.5 million during the three months ended March 31, 2025, including a 100% acquisition of 106 Spring Street and 73 Wooster Street in New York, and an additional 48% interest in the Renaissance Portfolio for $117.9 million[44][45] - The Company reported a total of $3,895.2 million in operating real estate, net of accumulated depreciation, as of March 31, 2025, compared to $3,544.0 million at the end of 2024, indicating a growth of 9.9%[43] - The Company has ownership interests in 161 properties within its Core Portfolio, with a total net investment in real estate of $4,037.3 million, up from $3,673.6 million as of December 31, 2024, representing a 9.9% increase[43] Cash Flow and Financing - Total cash provided by operating activities for Q1 2025 was $25.893 million, slightly down from $25.988 million in Q1 2024[26] - Proceeds from unsecured debt in Q1 2025 were $300.200 million, a significant increase compared to $31.750 million in Q1 2024[26] - Cash paid for interest during Q1 2025 was $27.899 million, down from $31.612 million in Q1 2024[28] - The company has a Term Loan with an outstanding balance of $400.0 million, bearing interest at SOFR + 1.50%, maturing on April 15, 2028[78] Impairment and Losses - The company reported impairment charges of $6.450 million in Q1 2025, with no such charges reported in Q1 2024[19] - The company recognized a loss on change in control of $9.6 million due to the acquisition of an additional 48% interest in the Renaissance Portfolio, consolidating it into the Core Portfolio[56] - The company's share of equity in net losses of unconsolidated affiliates was $1,615,000 for the three months ended March 31, 2025, compared to a loss of $68,000 in 2024, indicating a significant increase in losses[65] Shareholder Distributions - Total dividends/distributions declared in Q1 2025 were $27.635 million, up from $19.898 million in Q1 2024, reflecting a year-over-year increase of approximately 39%[28] - The Company declared distributions of $0.20 per Common Share/OP Unit for the three months ended March 31, 2025, compared to $0.18 for the same period in 2024[117] Other Financial Metrics - The company recognized a gain on extinguishment of debt of $971,000 for the three months ended March 31, 2025, compared to $1,158,000 in the same period of 2024[65] - The total investments in and advances to unconsolidated affiliates decreased from $209.23 million as of December 31, 2024, to $177.97 million as of March 31, 2025[56] - The estimated fair value of the company's mortgage and other notes payable was $1,052.55 million as of March 31, 2025[102]

Financial Performance - Revenue for Q1 2025 was $330,028, a decrease of 6.2% compared to $351,889 in Q1 2024[16] - Gross profit for Q1 2025 was $88,260, down from $95,250 in Q1 2024, reflecting a decline of 7.3%[16] - Net income for Q1 2025 was $8,145, a decrease of 25.9% from $10,987 in Q1 2024[16] - Earnings per share (EPS) for Q1 2025 was $0.45, compared to $0.59 in Q1 2024, representing a decline of 23.7%[16] - Revenue for the three months ended March 31, 2025 decreased 6.2% to $330.0 million from $351.9 million in the comparable period in 2024[46] - Flex revenue for the three months ended March 31, 2025 decreased 6.4% to $322.6 million from $344.7 million in the comparable period in 2024[46] - Direct Hire revenue for the three months ended March 31, 2025 increased 4.1% to $7.5 million from $7.2 million in the comparable period in 2024[46] - Net income for the three months ended March 31, 2025 decreased 25.9% to $8.1 million, or $0.45 per share, from $11.0 million, or $0.58 per share, for the three months ended March 31, 2024[46] - Gross profit margin for the three months ended March 31, 2025 decreased 40 basis points to 26.7% from 27.1% in the comparable period in 2024[46] - Flex gross profit margin for the three months ended March 31, 2025 decreased 60 basis points to 25.0% from 25.6% in the comparable period in 2024[46] - Adjusted EBITDA for Q1 2025 was $16.8 million, down from $20.6 million in Q1 2024, reflecting a decrease of 18.5%[71] Cash Flow and Capital Management - Cash provided by operating activities was $249 in Q1 2025, a decrease from $13,169 in Q1 2024, indicating a decline of 98.1%[20] - Cash provided by operating activities was $0.2 million during the three months ended March 31, 2025, compared to $13.2 million for the three months ended March 31, 2024[46] - Free cash flow for Q1 2025 was $(3.9) million, a significant decline from $11.3 million in Q1 2024[69] - Capital expenditures in Q1 2025 were $4.1 million, an increase from $1.9 million in Q1 2024[75] - The company repurchased common stock worth $21,066 during Q1 2025, compared to $2,848 in Q1 2024, showing a significant increase in buyback activity[20] - Kforce repurchased approximately 418 thousand shares of common stock for about $21.2 million during Q1 2025[79] - The company declared and paid quarterly dividends of $7.1 million in Q1 2025, representing a 3% increase per share compared to Q1 2024[76] - The Firm returned $28.3 million of capital to shareholders in the form of open market repurchases totaling $21.2 million and quarterly dividends totaling $7.1 million during the three months ended March 31, 2025[46] Debt and Assets - Total assets increased to $368,195 as of March 31, 2025, up from $357,834 at the end of 2024, reflecting a growth of 2.0%[18] - Long-term debt increased significantly to $65,500 in Q1 2025 from $32,700 at the end of 2024, indicating a rise of 100.0%[18] - As of March 31, 2025, Kforce had $65.5 million outstanding under its credit facility, with $133.4 million available for borrowing[72] - Working capital increased to $118.5 million as of March 31, 2025, up from $112.9 million at the end of 2024[72] Market and Economic Conditions - The national U.S. unemployment rate increased to 4.2% in March 2025, up from 4.1% in December 2024, indicating a slight rise in economic uncertainty[49] - The technology temporary staffing industry is projected to grow by 2% in 2025, down from an earlier forecast of 5%[49] - Kforce expects Technology Flex revenue to improve slightly on a billing day basis in Q2 2025, while FA Flex revenue is anticipated to decrease in the mid-single digits sequentially[52][53] Strategic Initiatives and Investments - Kforce continues to prioritize investments in strategic initiatives, including the implementation of Workday, expected to go live in early 2026[64] - Selling, general and administrative expenses (SG&A) increased to 22.8% of total revenue in Q1 2025, compared to 22.2% in Q1 2024, reflecting ongoing investments in strategic priorities[63] Legal and Compliance - The company is involved in legal proceedings but does not expect these to have a material effect on its financial statements[89] - There have been no material changes in the risk factors previously disclosed in the 2024 Annual Report[90] - Kforce maintains liability insurance covering various risks, but there is no assurance that it will cover all events or liabilities[89] - The company has made accruals for certain legal matters that are not considered material individually or in the aggregate[89] - The certifications of the CEO and CFO were provided in accordance with the Sarbanes-Oxley Act of 2002[87] - The company continues to evaluate its financial position and may be subject to additional liabilities from ongoing litigation[89] Shareholder Actions - Kforce's Board approved an increase in the stock repurchase authorization to $100 million in February 2024[91] - The company has approximately $42,275,612 remaining under its stock repurchase plan as of March 31, 2025[91] - Kforce repurchased a total of 420,122 shares of common stock during the three months ended March 31, 2025, at an average price of $50.71 per share[91] - No insider trading arrangements were adopted or terminated by the company's officers or directors during the three months ended March 31, 2025[94]

IPO and Financial Proceeds - The Company completed its IPO on January 30, 2025, selling 8,000,000 units at $10.00 per unit, generating gross proceeds of $80,000,000[84]. - The Company placed $80,800,000 from the IPO proceeds into a Trust Account, which is invested in a money market fund[90]. - The underwriters were paid an underwriting discount of $750,000 at IPO closing, and they received 40,000 private units for a nominal price of $100[111][112]. - The company incurred deferred offering costs amounting to $1,481,031, which includes $750,000 in underwriting fees and $250,000 in advisor fees, charged to shareholders' equity upon IPO completion[131]. Financial Performance - The Company reported a net income of $315,350 for the three months ended March 31, 2025, consisting of $559,755 in investment income and $126,856 in general and administrative expenses[101]. - The Company incurred $117,549 in income tax expense for the three months ended March 31, 2025[101]. - As of March 31, 2025, the company estimated an income tax expense of $117,549 on income earned in the Trust Account[138]. Cash and Debt Management - As of March 31, 2025, the Company held a cash balance of $550,056 and had an outstanding promissory note balance of $160,000[102][103]. - As of March 31, 2025, the company had $125,000 outstanding under promissory notes issued to the Sponsor, with a total borrowing capacity of $150,000[119]. - The Company has withdrawn $261,935 from the Trust Account for working capital needs as of March 31, 2025[106]. - As of March 31, 2025, the company had no cash equivalents and withdrew $261,935 from the Trust Account for working capital purposes during the quarter[130][132]. - The Company has no off-balance sheet arrangements as of March 31, 2025, indicating no hidden liabilities[108]. Business Strategy - The Company intends to focus on businesses in the financial services industry for potential Business Combinations[82]. - The Company has until January 30, 2027, to complete a Business Combination, or it will redeem 100% of the outstanding Public Shares[98]. - The Sponsor and certain affiliates may provide Working Capital Loans to finance transaction costs for a Business Combination, but no such loans were outstanding as of March 31, 2025[107]. - The Company will not generate operating revenues until after the completion of its initial Business Combination[83]. Shareholder and Equity Information - The company issued a dividend of approximately 0.066 Founder Shares for every issued and outstanding Founder Share, increasing the total to 2,300,000 Founder Shares[116]. - The company has agreed to pay the Sponsor a monthly fee of $15,000 under an administrative services agreement, totaling $45,000 paid as of March 31, 2025[121]. - The company recognizes changes in the redemption value of its common stock immediately, adjusting the carrying value to equal the redemption value at the end of each reporting period[135]. - The company has no unrecognized tax benefits as of March 31, 2025, and is not aware of any issues under review that could result in significant payments or accruals[137].

IPO and Financial Overview - The Company completed its IPO on January 30, 2025, selling 8,000,000 units at $10.00 per unit, generating gross proceeds of $80,000,000[84]. - The Company reported a net income of $315,350 for the three months ended March 31, 2025, consisting of $559,755 in investment income and $126,856 in general and administrative expenses[101]. - The Company incurred $117,549 in income tax expense for the three months ended March 31, 2025[101]. - The company incurred deferred offering costs amounting to $1,481,031, which includes $750,000 in underwriting fees and $250,000 in advisor fees, charged to shareholders' equity upon IPO completion[131]. - The underwriters were paid an underwriting discount of $750,000 at IPO closing, and they received 40,000 private units for a nominal price of $100[111][112]. Trust Account and Cash Management - As of March 31, 2025, the Company held a cash balance of $550,056 and had an outstanding promissory note balance of $160,000[102][103]. - The Company placed $80,800,000 from the IPO proceeds into a Trust Account, with $10.10 per unit allocated[90][105]. - The Company has withdrawn $261,935 from the Trust Account for working capital needs as of March 31, 2025[106]. - As of March 31, 2025, the company had no cash equivalents and all assets in the Trust Account were invested in a money market fund focused on U.S. Treasury obligations[130][132]. - The company has estimated $117,549 in income tax expense on income earned in the Trust Account as of March 31, 2025[138]. Business Combination and Strategy - The Company intends to focus on businesses in the financial services industry for potential Business Combinations[82]. - The Company has until 24 months from the IPO closing to complete a Business Combination, or it will redeem 100% of outstanding Public Shares[98]. - The Company will only complete a Business Combination if the post-Business Combination entity owns or acquires 50% or more of the target's outstanding voting securities[89]. Loans and Financial Obligations - The Sponsor and affiliates may provide Working Capital Loans as needed for transaction costs, but no such loans were outstanding as of March 31, 2025[107]. - As of March 31, 2025, the company had $125,000 outstanding under promissory notes issued to the Sponsor, with a total borrowing capacity of $150,000[119]. - The company has agreed to pay the Sponsor a monthly fee of $15,000 under an administrative services agreement, totaling $45,000 paid as of March 31, 2025[121]. Shareholder and Equity Information - The company issued a dividend of approximately 0.066 Founder Shares for every issued and outstanding Founder Share, increasing the total to 2,300,000 Founder Shares[116]. - The company recognizes changes in redemption value of common stock subject to possible redemption immediately as they occur, adjusting the carrying value to equal the redemption value at the end of each reporting period[135]. - The company has no off-balance sheet arrangements as of March 31, 2025[108]. - The company is classified as an "emerging growth company" and has elected not to opt out of the extended transition period for new or revised financial accounting standards[126][127].

Revenue Growth - Reported revenue increased 7.2% to $581.9 million, with organic revenue growth of 9.1% compared to the prior-year period[3] - Morningstar Credit revenue grew 21.1% to $73.0 million, with organic revenue growth of 23.2%[14] - PitchBook revenue increased 10.9% to $163.7 million, with a 13.6% growth in licensed users[12] - Morningstar Retirement revenue increased 15.8% to $32.9 million, with AUMA rising 17.7% to $277.6 billion[19] - Morningstar Direct Platform revenue grew by 1.3% to $199.2 million[40] - Consolidated revenue for Q1 2025 was $581.9 million, a 7.2% increase from $542.8 million in Q1 2024[48] - Organic revenue grew by 9.1% to $582.5 million in Q1 2025, compared to $534.1 million in Q1 2024[48] Income and Profitability - Operating income rose 23.2% to $114.1 million, while adjusted operating income increased 22.2% to $135.4 million[6] - Diluted net income per share increased 22.1% to $1.82, and adjusted diluted net income per share rose 28.9% to $2.23[7] - Operating margin for Morningstar Credit increased 8.9 percentage points to 29.3%[15] - Operating income increased by 23.2% to $114.1 million, with an operating margin of 19.6%, up from 17.1%[35] - Consolidated net income rose to $78.5 million, a 22.3% increase compared to $64.2 million in the same period last year[35] - Adjusted operating income for total reportable segments was $135.4 million, a 22.2% increase from $110.8 million in Q1 2024[40] - Adjusted diluted net income per share increased by 28.9% to $2.23 in Q1 2025, compared to $1.73 in Q1 2024[50] Assets Under Management (AUMA) - Morningstar Wealth reported assets under management and advisement (AUMA) increased 10.8% to $63.8 billion[17] - Total AUMA (Assets Under Management) increased to $339.8 billion in Q1 2025, up 17.3% from $289.7 billion in Q1 2024[42] - Morningstar Retirement total AUMA reached $277.6 billion, a 17.7% increase from $235.9 billion in the previous year[42] - Asset value linked to Morningstar Indexes grew to $208.7 billion, up 9.7% from $190.2 billion in Q1 2024[42] - Morningstar Model Portfolios AUMA increased by 9.6% to $44.5 billion in Q1 2025, compared to $40.6 billion in Q1 2024[42] - Institutional Asset Management AUMA decreased by 5.5% to $6.9 billion in Q1 2025, down from $7.3 billion in Q1 2024[42] Cash Flow and Share Repurchase - Cash provided by operating activities decreased 2.8% to $91.0 million, while free cash flow decreased 1.2% to $58.8 million[25] - The company repurchased $109.6 million of its shares during the quarter[26] - The company repurchased $109.6 million in common shares during the quarter[38] - Free cash flow for Q1 2025 was $58.8 million, slightly down 1.2% from $59.5 million in Q1 2024[50] Balance Sheet - Total current assets decreased slightly to $1,012.3 million from $1,014.1 million as of December 31, 2024[37] - Total liabilities increased to $1,977.1 million from $1,930.3 million, with long-term debt rising to $803.7 million[37] - Cash and cash equivalents at the end of the period were $511.5 million, up from $502.7 million at the beginning of the period[38]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 1-6523 Exact name of registrant as specified in its charter: Bank of America Corporation State or other jurisdiction of incorporati ...

Exhibit 99.1 FMC Corporation 2929 Walnut Street Philadelphia, PA 19104 USA 215.299.6000 fmc.com • Revenue of $791 million, down 14 percent versus Q1 2024, down 10 percent organically 1 • Consolidated GAAP net loss of $16 million, a decline of $13 million versus Q1 2024 • Adjusted EBITDA of $120 million, down 25 percent versus Q1 2024 • Consolidated GAAP loss of $0.12 per diluted share, down 10 cents versus Q1 2024 • Adjusted earnings per diluted share of $0.18, down 50 percent versus Q1 2024 Media contact: ...

Exhibit 99 Tennant Company Reports First Quarter 2025 Results Delivered Net Sales of $290 Million on Strong Order Growth While Lapping $50 Million Backlog-Reduction Benefit in the Prior Year Returned $25.8 Million to Shareholders Reaffirms Guidance MINNEAPOLIS, MN (Apr. 30, 2025)—Tennant Company ("Tennant" or the "Company") (NYSE: TNC) today reported its financial results for the quarter ended March 31, 2025. | (In millions, except per share data) | | | | Three Months Ended March 31, | | | --- | --- | --- | ...