CNH Industrial(CNHI) - 2025 Q1 - Quarterly Results
2025-05-01 10:52
Exhibit 99.1 CNH Industrial N.V. Reports First Quarter 2025 Results Updated guidance reflects macroeconomic uncertainty from the global trade environment First quarter consolidated revenues were $3.8 billion on lower industry demand First quarter diluted EPS at $0.10 Results reflect continued execution of cost saving initiatives partially offsetting market headwinds Please note that in this and in the following tables and commentary, prior periods have been revised to reflect an immaterial correction to the ...
Carrier (CARR) - 2025 Q1 - Quarterly Results
2025-05-01 10:52
Exhibit 99.1 Carrier's first quarter sales of $5.2 billion were down 4% compared to the prior year. Organic sales growth of 2% was offset by a 5% headwind from net acquisitions and divestitures, driven by the sale of Commercial Refrigeration in Q4 2024. Foreign currency translation was a 1% headwind to sales growth. GAAP operating profit in the quarter of $629 million was up 63% from last year driven by operational performance, the absence of VCS backlog and inventory step-up amortization and decrease in ac ...
Biogen(BIIB) - 2025 Q1 - Quarterly Results
2025-05-01 10:52
Press Release Cambridge, Mass. – May 1, 2025 Biogen reports strong first quarter 2025 results First quarter 2025 total revenue $2.4 billion, increased 6% year-over-year; GAAP diluted EPS $1.64; Non-GAAP diluted EPS $3.02 Continued progress transforming the commercial portfolio, with growth from launch products in Alzheimer's disease, rare disease, and postpartum depression more than doubling year-over-year Advanced key development programs, supporting a late-stage pipeline with multi-billion dollar potentia ...
Aptiv(APTV) - 2025 Q1 - Quarterly Results
2025-05-01 10:52
"Our solid first quarter performance validates our industry-leading portfolio, global capabilities, and relentless focus on operational excellence," said Kevin Clark, chair and chief executive officer. "The company delivered record first quarter adjusted earnings per share, driven by strong execution and proactive capital allocation initiatives. As we navigate through near-term geopolitical uncertainties, our robust business model allows us to remain agile and responsive in a dynamic macroenvironment. Longe ...
KKR(KKR) - 2025 Q1 - Quarterly Results
2025-05-01 10:50
KKR KKR & Co. Inc. Reports First Quarter 2025 Financial Results May 1, 2025 KKR Reports First Quarter 2025 Financial Results New York, May 1, 2025 - KKR & Co. Inc. (NYSE: KKR) today reported its first quarter 2025 results. Conference Call A conference call to discuss KKR's financial results will be held on May 1, 2025 at 9:00 a.m. ET. The conference call may be accessed by dialing +1 (877) 407-0312 (U.S. callers) or +1 (201) 389-0899 (non-U.S. callers); a pass code is not required. Additionally, the confere ...
Utz Brands(UTZ) - 2026 Q1 - Quarterly Report
2025-05-01 10:50
Financial Performance - Net sales for the thirteen weeks ended March 30, 2025, were $352.1 million, representing an increase of $5.6 million or 1.6% compared to $346.5 million for the same period in 2024[90]. - Gross profit decreased to $118.2 million for the thirteen weeks ended March 30, 2025, down from $119.6 million in the prior year, resulting in a gross profit margin of 33.6% compared to 34.5%[92]. - Selling, distribution, and administrative expenses increased by $3.8 million or 3.5% to $113.2 million for the thirteen weeks ended March 30, 2025, primarily due to higher personnel and delivery costs[93]. - Net income attributable to controlling interest was $7.5 million for the thirteen weeks ended March 30, 2025, compared to a net loss of $3.99 million in the same period of 2024[90]. - Adjusted EBITDA for the thirteen weeks ended March 30, 2025, was $45.1 million, compared to $43.4 million for the same period in 2024, with an Adjusted EBITDA margin of 12.8%[101]. Debt and Financing - As of March 30, 2025, the company had $739.3 million in variable rate indebtedness, an increase from $690.1 million as of December 29, 2024[81]. - The weighted average interest rate for the thirteen weeks ended March 30, 2025, was 4.9%, down from 6.6% during the same period in 2024[81]. - The company recorded a loss on debt extinguishment of $0.5 million related to the refinancing of its Term Loan B during the thirteen weeks ended March 30, 2025[107]. - As of March 30, 2025, $50.0 million was outstanding under the asset-based lending (ABL) facility, with $109.5 million available for borrowing[108]. - Net cash provided by financing activities was $67.6 million for the thirteen weeks ended March 30, 2025, primarily from net borrowings of $80.4 million, compared to net cash used of $154.0 million in the same period of 2024[115]. Operational Highlights - The company operates eight primary manufacturing facilities across the United States, distributing products through approximately 2,400 direct-store delivery routes[74]. - For the thirteen weeks ended March 30, 2025, retail volumes and retail sales in Expansion Geographies increased by 8.9% and 4.9%, respectively, compared to the prior year period[76]. - Boulder Canyon brand experienced a growth of 158.8% in same store velocities for the thirteen weeks ended March 30, 2025, compared to the prior year[84]. - The Core Geographies retail volumes and retail sales were up 2.9% and down 3.7%, respectively, for the thirteen weeks ended March 30, 2025, compared to the prior year[76]. Asset Management - The company sold certain assets and brands for $167.5 million on February 5, 2024, including the Good Health and R.W. Garcia brands[82]. - The company incurred $7.4 million in costs related to acquisitions, divestitures, and investments for the thirteen weeks ended March 30, 2025, compared to a gain of $44.0 million in the prior year[106]. - Cash used in investing activities for the thirteen weeks ended March 30, 2025 was $40.7 million, driven by purchases of property and equipment, contrasting with cash provided by investing activities of $158.0 million in the prior year, mainly from the sale of a business[114]. Tax and Other Income - Other (expense) income, net was $(0.6) million for the thirteen weeks ended March 30, 2025, a decrease of $19.9 million compared to $19.3 million in the prior year, primarily due to the absence of a $44.0 million gain on the sale of business[95]. - Income tax benefit for the thirteen weeks ended March 30, 2025, was $(0.6) million, a significant decrease from $26.5 million in the prior year, largely due to the Good Health and R.W. Garcia Sale[96]. Compliance and Risk Management - The company was in compliance with all financial and other covenants under the credit agreements as of March 30, 2025[116]. - The company partially guarantees loans made to IOs, which are collateralized by the routes purchased, allowing for recovery of outstanding loan value upon default[110]. - Long-term cash requirements include funding long-term debt repayments and related interest payments, as well as obligations related to deferred taxes and operating lease liabilities[112]. - There have been no material changes in market risk exposures since the last annual report filed on February 20, 2025[119]. - The company has not made any changes to critical accounting policies and estimates since the last annual report[118].
Harley-Davidson(HOG) - 2025 Q1 - Quarterly Results
2025-05-01 10:50
First Quarter 2025 Results Harley-Davidson, Inc. Consolidated Financial Results | $ in millions (except EPS) | | 1st quarter | | | --- | --- | --- | --- | | | 2025 | 2024 | Change | | Revenue | $1,329 | $1,730 | -23% | | Operating Income | $160 | $263 | -39% | | Net Income Attributable to HDI | $133 | $235 | -43% | | Diluted EPS | $1.07 | $1.72 | -38% | FOR IMMEDIATE RELEASE Harley-Davidson Delivers First Quarter Financial Results MILWAUKEE (May 1, 2025) – Harley-Davidson, Inc. ("Harley-Davidson," "HDI," or ...
Cardinal Health(CAH) - 2025 Q3 - Quarterly Results
2025-05-01 10:49
Cardinal Health Reports Third Quarter Fiscal Year 2025 Results and Raises Fiscal Year 2025 Outlook Exhibit 99.1 FOR IMMEDIATE RELEASE DUBLIN, Ohio, May 1, 2025 – Cardinal Health (NYSE: CAH) today reported third quarter fiscal year 2025 revenues of $54.9 billion, flat to the third quarter of fiscal year 2024. Third quarter revenue increased 19% excluding the impact of the previously communicated customer contract expiration. Third quarter GAAP operating earnings increased to $730 million and GAAP diluted ear ...
Materion (MTRN) - 2025 Q1 - Quarterly Results
2025-05-01 10:49
"I am pleased with our strong start to the year, despite the volatile macro environment. Our teams executed well to deliver strong operational performance and record first quarter margins on modest top line growth," said Jugal Vijayvargiya, President & CEO of Materion. "We also drove significantly improved cash flow in the quarter, with a focus on reducing inventory and thoughtfully pacing investments. "While there is increased uncertainty around the eventual impact of tariffs on our results and the broader ...
PBF Energy(PBF) - 2025 Q1 - Quarterly Results
2025-05-01 10:48
PBF Energy Announces First Quarter 2025 Results, Sale of Terminal Assets and Declares Dividend of $0.275 per Share PARSIPPANY, NJ - May 1, 2025 - PBF Energy Inc. (NYSE:PBF) today reported first quarter 2025 loss from operations of $511.2 million as compared to income from operations of $145.1 million for the first quarter of 2024. Excluding special items, first quarter 2025 loss from operations was $441.8 million as compared to income from operations of $143.9 million for the first quarter of 2024. The comp ...