Exhibit 99.1 Fulgent Reports First Quarter 2025 Financial Results EL MONTE, CA, May 2, 2025 — Fulgent Genetics, Inc. (NASDAQ: FLGT) ("Fulgent," or the "Company"), a technology-based company with a well-established laboratory services business and a therapeutic development business, today announced financial results for its first quarter ended March 31, 2025. First Quarter 2025 Results: Note: 1) Core Revenue is revenue calculated in accordance with GAAP minus revenue from COVID-19 testing products and servic ...

Exhibit 99.1 THE WENDY'S COMPANY REPORTS FIRST QUARTER 2025 RESULTS Dublin, Ohio (May 2, 2025) - The Wendy's Company (Nasdaq: WEN) today reported unaudited results for the first quarter ended March 30, 2025. "We continued to deliver for our customers during the first quarter. In the U.S. we held both traffic and dollar share in a challenging consumer environment, and in our International business we grew systemwide sales by 8.9%," said Kirk Tanner, President and Chief Executive Officer. "Importantly, we mad ...

Financial Performance - Q1 2025 revenue of $4.0 billion, up 7% year-over-year[6] - GAAP net loss attributable to Fluor of $241 million, impacted by $477 million in mark-to-market losses on NuScale investment[6] - Adjusted EBITDA of $155 million, up 76% year-over-year[6] - Adjusted net earnings for the three months ended March 31, 2025, were $125 million, with an adjusted EPS of $0.73, compared to $81 million and $0.47 in 2024[24] - The company reported a net loss attributable to Fluor of $(241) million for the three months ended March 31, 2025, compared to a net income of $59 million in 2024[24] - Net earnings excluding amounts attributable to equity method loss for the three months ended March 31, 2025, were $88 million, with an effective tax rate of 19%[22] - The effective tax rate attributable to equity method loss was also 19%[22] Awards and Backlog - New awards totaled $5.8 billion, down 17% year-over-year, with 87% being reimbursable[11] - Backlog decreased to $28.7 billion, down 12.3% year-over-year, with 79% being reimbursable[11] - Q1 revenue book to burn ratio of 1.5x, indicating strong project pipeline[5] Cash Flow and Capital Expenditures - Operating cash flow for the three months ended March 31, 2025, was $(286) million, compared to $(111) million in the same period of 2024[23] - Capital expenditures for the three months ended March 31, 2025, were $(11) million, down from $(34) million in 2024[23] - Cash and cash equivalents at the end of the period were $2,433 million, an increase from $2,335 million in the same period of 2024[23] Shareholder Returns - Accelerated share repurchases of $142 million in Q1, targeting $600 million for 2025[5] - The company repurchased $142 million of common stock during the three months ended March 31, 2025[23] Segment Performance - Urban Solutions segment reported a profit of $70 million, with revenue increasing to $2.2 billion[12] - Energy Solutions segment reported a profit of $47 million, with revenue decreasing to $1.2 billion[13]

Financial Performance - Net revenues for Q1 2025 were $357 million, a decrease of 26% compared to Q4 2024 but an increase of 4% year-over-year[10]. - Net income attributable to Piper Sandler Companies was $65 million, a decrease of 6% from Q4 2024 but an increase of 53% compared to Q1 2024[17]. - Earnings per diluted common share for Q1 2025 were $3.65, down 5% from Q4 2024 but up 50% year-over-year[17]. - Total revenues for Piper Sandler Companies in Q1 2025 were $358.554 million, a decrease of 26.1% from $485.384 million in Q4 2024[40]. - Net income attributable to Piper Sandler Companies for Q1 2025 was $64,915,000, a decrease of 6.6% from $69,059,000 in Q4 2024 and an increase of 52.8% from $42,493,000 in Q1 2024[43]. - Adjusted net income for Q1 2025 was $73.495 million, a decrease of 15.2% from $86.756 million in Q4 2024[41]. - Adjusted earnings per diluted common share for Q1 2025 was $4.09, down 14.8% from $4.80 in Q4 2024 but up 46.5% from $2.79 in Q1 2024[43]. Revenue Breakdown - Advisory services revenues reached $217 million, accounting for approximately 60% of net revenues, and grew 38% year-over-year[5]. - Investment banking revenues totaled $278.9 million, a decrease of 25% from Q4 2024 but an increase of 21% year-over-year[10]. - Institutional brokerage revenues were $99 million, down 15% from Q4 2024 but up 9% compared to Q1 2024[11]. - Adjusted total revenues for Q1 2025 were $384.592 million, down 23.1% from $499.860 million in Q4 2024[41]. Operating Metrics - The pre-tax margin for Q1 2025 was 8.2%, down from 17.0% in Q4 2024 and 15.3% in Q1 2024[15]. - Adjusted operating income for Q1 2025 was $68.5 million, down 44% from Q4 2024 but up 23% from Q1 2024, with an adjusted operating margin of 17.9%[25]. - The adjusted operating margin for Q1 2025 was 17.9%, down from 24.4% in Q4 2024[41]. - Adjusted operating expenses for Q1 2025 were $314.8 million, a decrease of 17% from Q4 2024 and an increase of 13% from Q1 2024[24]. Shareholder Returns - The company returned an aggregate of $151 million to shareholders in Q1 2025, including $81 million in share repurchases and $70 million in dividends[5]. - The company declared a quarterly cash dividend of $0.65 per share, to be paid on June 13, 2025, and paid a special cash dividend of $3.00 per share during Q1 2025, totaling $70.3 million[30]. - Approximately 266,000 shares were repurchased during Q1 2025 for $80.6 million at an average price of $303.05 per share[31]. Tax and Compensation - The effective tax rate for Q1 2025 was negative 24.9%, influenced by $25.4 million in tax benefits related to restricted stock awards[16]. - The adjusted effective tax rate for Q1 2025 was negative 7.2%, significantly lower than the 28.5% in Q4 2024[26]. - The compensation ratio for Q1 2025 was 69.5%, an increase from Q4 2024, primarily due to lower net revenues and increased investment loss attributable to noncontrolling interests[19]. - Compensation and benefits expenses for Q1 2025 were $248.457 million, down 21.4% from $316.004 million in Q4 2024[40]. Employee Metrics - Full-time employees as of March 31, 2025, were 1,801, a slight decrease from 1,805 in Q4 2024[32]. - The company hired several managing directors to expand its investment banking capabilities in energy, healthcare, and fixed income sectors[5]. Non-GAAP Measures - The company emphasizes that non-GAAP measures are presented to provide a meaningful basis for comparison of operating results across periods[46].

Financial Performance - Q1 2025 revenue was $451 million, a 0.3% increase year-over-year, with gross profit at $237 million, up 9%[3] - Net income for Q1 2025 reached $40 million, a significant increase of 367% compared to $9 million in Q1 2024, resulting in diluted EPS of $0.66[3][8] - Contribution ex-TAC for Q1 2025 was $264 million, reflecting a 4% year-over-year increase, or 7% at constant currency[6][7] - Adjusted EBITDA for Q1 2025 was $92 million, representing a 30% increase year-over-year, with an adjusted EBITDA margin of 35%[9][10] - Free Cash Flow (FCF) increased to $45 million in Q1 2025, compared to $1 million in Q1 2024, with a trailing 12-month FCF of $226 million[12][25] - Revenue for Q1 2025 was $451.4 million, a slight increase from $450.1 million in Q1 2024, representing a growth of 0.3%[38] - Gross profit for Q1 2025 increased to $237.0 million, up from $217.2 million in Q1 2024, reflecting a growth of 9.1%[38] - Net income for Q1 2025 was $40.0 million, compared to $8.6 million in Q1 2024, marking a significant increase of 366.5%[38] - Adjusted EBITDA rose to $92,148,000, reflecting a 30% increase from $70,679,000 in the previous year[49] Operating Expenses and Efficiency - Operating expenses decreased by 9% year-over-year to $189 million, driven by effective resource allocation[10] - Operating expenses decreased to $188.8 million in Q1 2025 from $206.9 million in Q1 2024, a reduction of 8.7%[38] - Total operating expenses decreased by 9% to $188,809,000 from $206,869,000 year-over-year[51] Cash Flow and Liquidity - Cash provided by operating activities for Q1 2025 was $62.3 million, compared to $14.0 million in Q1 2024, indicating a substantial increase[40] - Cash from operating activities increased to $62,341,000, a 345% year-over-year change from $14,017,000[41] - Free cash flow reached $45,250,000, compared to $793,000 in the previous year, indicating significant growth[41] - As of March 31, 2025, the company had total financial liquidity of approximately $810 million, including cash, marketable securities, and a revolving credit facility[13] - Cash and cash equivalents at the end of Q1 2025 were $286.2 million, down from $341.9 million at the end of Q1 2024, a decrease of 16.3%[40] - The net cash position decreased by 16% year-over-year to $286,171 million, with a 2% decline quarter-over-quarter[61] Shareholder Returns - The company repurchased $56 million in shares during Q1 2025[4][12] Future Outlook - For fiscal year 2025, the company expects low-single-digit growth in Contribution ex-TAC at constant currency, with guidance for adjusted EBITDA between $60 million and $66 million[20][21] - The company anticipates continued growth opportunities despite macroeconomic challenges, including inflation and fluctuating interest rates[29] Assets and Liabilities - Total assets as of March 31, 2025, were $2.13 billion, down from $2.27 billion as of December 31, 2024, a decrease of 6.1%[36] - Total liabilities decreased to $1.03 billion as of March 31, 2025, from $1.19 billion as of December 31, 2024, a reduction of 13.0%[36] Client and Revenue Segmentation - Retail Media Contribution ex-TAC grew 18% year-over-year at constant currency, with a same-retailer retention rate of 120%[4] - Retail Media revenue grew by 17% to $59,498,000, while Performance Media revenue decreased by 2% to $391,936,000[46] - The number of clients decreased by 4% year-over-year to 17,084, down from 17,269 in Q4 2024[61] - Contribution ex-TAC decreased by 1% year-over-year to $264,372 million, with a 21% decline quarter-over-quarter[61]

Financial Performance - Sales for Q1 2025 were $667.1 million, a decrease of 1.4% compared to $676.4 million in Q1 2024, primarily due to foreign exchange headwinds [5]. - Net income for Q1 2025 was $1.6 million, a significant improvement of $33.3 million from a net loss of $31.7 million in Q1 2024 [6]. - Adjusted net income for Q1 2025 was $3.5 million, compared to an adjusted net loss of $30.6 million in Q1 2024, marking an increase of $34.1 million [6]. - Adjusted EBITDA for Q1 2025 was $58.7 million, representing an increase of $29.4 million from $29.3 million in Q1 2024, which is 8.8% of sales [7][8]. - Gross profit for Q1 2025 was $77.2 million, an increase of 25.2% compared to Q1 2024 [7]. - Operating income for Q1 2025 was $22.3 million, an increase of 539.2% compared to Q1 2024 [7]. - Operating income significantly improved to $22.264 million compared to $3.483 million in the prior year, reflecting a substantial operational turnaround [26]. - Adjusted EBITDA for the quarter was $58.715 million, representing an increase of 99.5% from $29.348 million in the prior year [33]. - Adjusted net income for the quarter was $3.454 million, compared to a loss of $30.602 million in the same period last year [34]. - Basic and diluted earnings per share were both $0.09, a significant improvement from a loss of $1.81 per share in the previous year [34]. Liquidity and Cash Flow - As of March 31, 2025, cash and cash equivalents totaled $140.4 million, with total liquidity of $300.1 million [15]. - Total current assets increased to $879.245 million, up from $805.256 million at the end of 2024, indicating improved liquidity [28]. - Cash and cash equivalents at the end of the period were $140.368 million, down from $170.035 million at the end of 2024 [30]. - Free cash flow for Q1 2025 was $(32,394) thousand, compared to $(31,033) thousand in Q1 2024, reflecting a year-over-year increase in cash outflow [37]. - Net cash used in operating activities for Q1 2025 was $(14,851) thousand, compared to $(14,199) thousand in Q1 2024, indicating a slight increase in operational cash outflow [37]. - Capital expenditures for Q1 2025 totaled $(17,543) thousand, up from $(16,834) thousand in Q1 2024, showing an increase in investment spending [37]. Business Outlook and Strategy - The company received net new business awards totaling $55.0 million in anticipated future annualized sales, primarily related to battery electric and hybrid vehicle platforms [10]. - The company expects to manage through trade-related uncertainties and believes underlying demand for new light vehicle production remains strong [17]. - The company is focused on improving operating efficiencies and driving innovation despite current market turbulence [4]. Debt Management - Total liabilities rose to $1.922 billion from $1.866 billion, reflecting ongoing debt management strategies [28].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ 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 Commission File Number 001-35651 THE BANK OF NEW YORK MELLON CORPORATION (Exact name of registrant as specified in its charter) Delaware 13-2614959 (State or other jurisdiction of incorporation or org ...

Financial Performance - First quarter 2025 earnings per share reached $2.45, a record high, representing a 20% increase compared to Q1 2024[2] - Total sales for the quarter were $6.4 billion, a record, up 7% from Q1 2024, with organic sales growth of 9%[3] - Segment margins improved to 23.9%, an 80-basis point increase from Q1 2024, marking a record for the first quarter[4] - Operating cash flow was $238 million, while free cash flow stood at $91 million[5] - For full year 2025, earnings per share are expected to be between $10.29 and $10.69, reflecting a 10% increase at the midpoint over 2024[7] - The company anticipates organic growth of 7.5-9.5% and segment margins of 24.0-24.4% for the full year 2025[8] - Adjusted earnings per ordinary share guidance for the year ending December 31, 2025, is projected to be between $11.80 and $12.20[29] Segment Performance - The Electrical Americas segment reported record sales of $3.0 billion, up 12% from Q1 2024, with operating profits of $904 million, a 15% increase[9] - Aerospace segment sales reached a record $979 million, up 12% from Q1 2024, with operating profits of $226 million, also a record[13] - The Vehicle segment experienced a decline in sales to $617 million, down 15% from Q1 2024, driven by an 11% organic sales decline[15] - eMobility segment sales were a record $162 million, up 2% from Q1 2024, despite an operating loss of $4 million due to launch costs[16] Asset and Liability Management - Total assets increased to $39,206 million as of March 31, 2025, up from $38,381 million at December 31, 2024, representing a growth of 2.15%[26] - Cash and cash equivalents rose significantly to $1,777 million, compared to $555 million at the end of 2024, marking an increase of 219.64%[26] - Accounts receivable increased to $5,094 million, up from $4,619 million, reflecting a growth of 10.3%[26] - Current liabilities increased to $9,522 million as of March 31, 2025, compared to $7,857 million at the end of 2024, an increase of 21.14%[26] - Total equity for Eaton shareholders was $18,506 million as of March 31, 2025, slightly up from $18,488 million at the end of 2024[26] Acquisitions and Restructuring - Eaton acquired Fibrebond Corporation for $1.45 billion on April 1, 2025, which had sales of approximately $378 million for the twelve months ended February 28, 2025[32] - The restructuring program initiated in 2024 has incurred charges of $220 million to date, with total estimated charges expected to reach $475 million by completion in 2026[34] Other Financial Metrics - The company reported free cash flow of $91 million for the three months ended March 31, 2025, after capital expenditures of $147 million[29] - Intangible asset amortization expense remained stable at $106 million for the three months ended March 31, 2025, consistent with the same period in 2024[36]

Financial Performance - Q4 FY2024 net sales increased 6.2% to $80.0 million compared to $75.3 million in Q4 FY2023, driven by strength in the wholesale channel[3] - FY2024 net sales totaled $293.5 million, a slight increase of 0.2% from $292.9 million in FY2023, primarily due to the wholesale channel performance[6] - Q4 FY2024 gross profit was $40.1 million, representing a gross margin of 50.1%, up from 45.4% in Q4 FY2023, with a 320 basis point improvement from lower promotional activity[3] - FY2024 gross profit increased to $145.2 million, or 49.5% of net sales, compared to $133.3 million, or 45.5% of net sales in FY2023[6] - The company reported a net loss of $28.3 million, or $(2.24) per share, in Q4 FY2024, compared to a net loss of $4.7 million, or $(0.37) per share, in the same period last year[6] - Adjusted income from operations for FY2024 was $7.3 million, compared to $4.0 million in FY2023, despite a loss from operations of $(17.2) million[6] Future Outlook - The company expects Q1 FY2025 net sales to decline approximately 5% and adjusted operating margin to decrease by approximately 500 basis points compared to the prior year[15] - Forward-looking statements indicate potential risks including changes in trade policies, cash flow maintenance, and competition in the apparel industry[25] Cost Management and Savings - The Transformation Program yielded over $10 million in savings during FY2024, with ongoing adjustments to mitigate tariff impacts[14] Debt and Equity - The company ended FY2024 with total borrowings of $19.2 million and $39.8 million of excess availability under its revolving credit facility[12] - Long-term debt stood at $19,156,443, a slight increase from $9,950,000[27] - Total equity was reported at $222,735,000, down from $225,149,000[27] Segment Reporting - The company has identified two reportable segments: Vince Wholesale and Vince Direct-to-consumer, following the winddown of Rebecca Taylor and Parker[10] Recent Performance Metrics - Net sales for the three months ended February 1, 2025, were $79.95 million, an increase from $75.31 million for the same period in 2024, representing a growth of 3.5%[26] - Gross profit for the three months ended February 1, 2025, was $40.08 million, with a gross margin of 50.1%, compared to a gross profit of $34.17 million and a margin of 45.4% in the prior year[26] - The company reported a net loss of $28.35 million for the three months ended February 1, 2025, compared to a net loss of $4.67 million for the same period in 2024[26] - Selling, general and administrative expenses were $37.78 million, accounting for 47.2% of net sales, slightly down from 47.6% in the previous year[26] - The impairment of goodwill amounted to $31.97 million for the three months ended February 1, 2025, which was not present in the same period of the previous year[26] - The company experienced a loss from operations of $29.67 million, compared to a loss of $1.68 million in the prior year, indicating a significant decline in operational performance[26] - Basic and diluted loss per share for the three months ended February 1, 2025, was $2.24, compared to a loss of $0.37 per share in the same period of 2024[26] - The weighted average shares outstanding for the three months ended February 1, 2025, were 12,636,277, compared to 12,503,472 in the prior year[26] Asset and Liability Management - Total current assets increased to $96,576,684 from $80,202,000[27] - Cash and cash equivalents rose to $607,000 from $357,000[27] - Total liabilities and stockholders' equity amounted to $222,735,000 compared to $225,149,000[27] - Current liabilities decreased to $73,546,661 from $42,828,000[27] - Accounts payable decreased to $35,090 from $31,678[27] - Accrued salaries and employee benefits increased to $87,093 from $96,967[27] - Total current liabilities decreased from $73,546,661 to $42,828,000[27] - Goodwill reported at $31,973,000, unchanged from previous figures[27] Year-End Financial Results - For the three months ended February 1, 2025, the net loss was $28,345,000, compared to a loss of $31,973,000 for the same period last year, reflecting an improvement of approximately 11%[29] - The loss from operations for the year ended February 1, 2025, was $17,176,000, while the adjusted loss was $7,318,000, indicating a significant reduction in operational losses[29] - The company reported a net income of $25,446,000 for the year ended February 3, 2024, with earnings per share of $2.04, compared to $2.57 in the previous year[31] - The interest expense for the year ended February 1, 2025, was $6,569,000, consistent with the previous year's figures, indicating stable financing costs[29] - The company recognized a goodwill impairment charge of $31,973,000 for the year ended February 1, 2025, which significantly impacted the reported income[29] - The equity in net income of equity method investments was $606,000 for the three months ended February 1, 2025, showing stable performance from these investments[29] - The company experienced a tax benefit of $3,006,000 due to the reversal of a non-cash deferred tax liability associated with the goodwill impairment[30] - The adjusted loss per share for the three months ended February 1, 2025, was $0.06, compared to a loss of $2.53 per share as reported[29] - The company reported a gain on the sale of a subsidiary amounting to $7,634,000 for the year ended February 3, 2024, contributing positively to the overall financial results[31] - The total transaction-related expenses for the year ended February 3, 2024, were $5,030,000, reflecting costs associated with strategic initiatives[31]

Financial Performance - Atmus reported net sales of $417 million for Q1 2025, a decrease of 2.4% compared to $427 million in Q1 2024[4] - Gross margin was $111 million, representing 26.5% of net sales, compared to $112 million and 26.2% in the same period last year[5] - GAAP net income for Q1 2025 was $45 million, with diluted earnings per share of $0.54, unchanged from Q1 2024[8] - Net income for the three months ended March 31, 2025, was $44.7 million, slightly down from $45.5 million in the same period of 2024, reflecting a decrease of 1.8%[30] - EBITDA for Q1 2025 was $72.4 million, compared to $74.2 million in Q1 2024, indicating a decline of 2.4%[30] - The net income margin remained stable at 10.7% for both Q1 2025 and Q1 2024[30] Earnings and Cash Flow - Adjusted earnings per share increased to $0.63 in Q1 2025, up from $0.60 in Q1 2024[8] - Adjusted EBITDA was $82 million, with an adjusted EBITDA margin of 19.6%, compared to $80 million and 18.8% in Q1 2024[7] - Adjusted EBITDA increased to $81.7 million in Q1 2025, up from $80.2 million in Q1 2024, showing a growth of 1.9%[30] - Free cash flow for Q1 2025 was $16.3 million, a significant improvement from a negative $18.8 million in Q1 2024[34] - Adjusted free cash flow was $20 million in Q1 2025, compared to $(13) million in Q1 2024[10] Cash and Assets - Cash provided by operating activities was $29 million, a significant improvement from cash used in operating activities of $8 million in Q1 2024[9] - Cash and cash equivalents at the end of Q1 2025 were $183.3 million, down from $184.3 million at the beginning of the period[26] - Total assets increased to $1,228.1 million as of March 31, 2025, up from $1,190.3 million at December 31, 2024, representing a growth of 3.2%[24] Shareholder Returns - Atmus repurchased $10 million of common stock during the quarter, with $120 million remaining under the share repurchase program[3] - A quarterly cash dividend of $0.05 per share was paid during the quarter[3] Guidance and Capital Expenditures - The company reaffirmed its 2025 revenue guidance in the range of $1,670 million to $1,735 million[5] - Capital expenditures for Q1 2025 were $12.4 million, compared to $10.6 million in Q1 2024, reflecting an increase of 16.9%[34] Liabilities - Total current liabilities increased to $351.8 million as of March 31, 2025, from $344.9 million at December 31, 2024, representing a rise of 2.7%[24]