Oil-Dri of America(ODC) - 2025 Q3 - Quarterly Results
2025-06-05 20:31
Financial Performance - Consolidated net sales for Q3 2025 reached $115.5 million, an 8% increase year-over-year, marking the 16th consecutive quarter of sales growth[7] - Net income for Q3 2025 was $11.6 million, reflecting a 50% increase compared to the same period last year[12] - EBITDA increased by 35% to $20.2 million in Q3 2025, demonstrating strong operational performance[12] - Consolidated gross profit for Q3 2025 was $33.0 million, a 10% increase over the prior year, with gross margins at 28.6%[8] - Operating income increased to $13.9 million, a 33% rise compared to the previous year, driven by improved sales and lower SG&A expenses[10] - Net sales for the nine months ended April 30, 2025, increased to $360,360,000, representing a 11.3% growth from $323,885,000 in 2024[29] - Gross profit margin improved to 30.0% in 2025, up from 28.4% in 2024, with gross profit rising to $108,250,000[29] - Operating income increased by 35.6% to $52,576,000, compared to $38,753,000 in the previous year, reflecting an operating margin of 14.6%[29] - Net income for the nine months ended April 30, 2025, was $40,941,000, a 32.5% increase from $30,901,000 in 2024, resulting in a net income margin of 11.4%[29] - EBITDA for the year to date ended April 30, 2025, was $68,631,000, compared to $51,614,000 in 2024, reflecting strong operational performance[32] Revenue Breakdown - The Business to Business (B2B) Products Group reported revenues of $42.7 million, an 18% increase year-over-year, driven by strong agricultural and fluids purification product sales[14] - The Retail and Wholesale (R&W) Products Group's revenues reached $72.8 million, a 3% increase, with $4.8 million contributed from the acquisition of Ultra Pet[16] Cash and Assets - Cash and cash equivalents grew to $36.5 million as of April 30, 2025, up from $23.5 million at the end of fiscal year 2024[13] - Cash and cash equivalents rose to $36,475,000 as of April 30, 2025, compared to $23,481,000 as of July 31, 2024, indicating improved liquidity[30] - Total assets increased to $369,543,000 as of April 30, 2025, up from $354,605,000 as of July 31, 2024[30] - Net cash provided by operating activities for the nine months ended April 30, 2025, was $54,988,000, significantly higher than $36,929,000 in 2024[31] Dividends and Shareholder Value - The company paid dividends totaling $6,290,000 during the nine months ended April 30, 2025, compared to $5,848,000 in the previous year[31] - Book value per share outstanding increased to $17.79 as of April 30, 2025, up from $15.35 as of July 31, 2024[30] Cost and Tax - The company experienced a 5% increase in domestic cost of goods sold per ton due to higher material and freight costs[8] - The effective tax rate decreased to 18% in Q3 2025 from 23% in the same period last year, primarily due to higher pre-tax income[11]
Mission(AVO) - 2025 Q2 - Quarterly Results
2025-06-05 20:27
Financial Performance - Total revenue for the second quarter of fiscal 2025 increased by $82.7 million or 28% to $380.3 million compared to the same period last year[4]. - Net income for the second quarter was $3.1 million, or $0.04 per diluted share, down from $7.0 million, or $0.10 per diluted share, for the same period last year[9]. - Adjusted EBITDA for the second quarter was $19.1 million, a decrease of $1.1 million or 5% compared to $20.2 million in the prior year period[10]. - Net income attributable to Mission Produce for the three months ended April 30, 2025, was $3.1 million, down from $7.0 million in the same period of 2024[34]. - Adjusted net income for Q2 2025 was $8.7 million, a decrease of 11.2% from $9.8 million in Q2 2024[42]. - The company reported a net income of $3.0 million for Q2 2025, down from $7.0 million in Q2 2024, representing a decline of 57.1%[48]. Sales and Revenue Breakdown - The Marketing & Distribution segment net sales increased by $75.4 million or 26% to $362.5 million, driven by higher avocado pricing[11]. - International Farming segment sales increased by $6.7 million or 479% to $8.1 million, with adjusted EBITDA rising to $1.5 million from negative $2.2 million[13]. - Blueberries segment net sales increased by 57% to $15.7 million, primarily due to higher volume driven by increased acreage and yields[14]. - Avocado sales for Q2 2025 amounted to $332.6 million, a 24.3% increase compared to $267.5 million in Q2 2024[57]. - Total net sales for the six months ended April 30, 2025, were $714.5 million, compared to $556.3 million for the same period in 2024, marking a 28.4% increase[55]. - Total segment sales for the six months ended April 30, 2025, reached $727.7 million, up 29.6% from $561.4 million in the same period of 2024[55]. Cash and Assets - Cash and cash equivalents were $36.7 million as of April 30, 2025, down from $58.0 million as of October 31, 2024[16]. - Total assets increased to $1,010.5 million as of April 30, 2025, compared to $971.5 million as of October 31, 2024[32]. - Total liabilities rose to $426.2 million as of April 30, 2025, up from $394.4 million as of October 31, 2024[32]. - The company reported a net cash used in operating activities of $13.0 million for the six months ended April 30, 2025, compared to net cash provided of $12.9 million in the same period of 2024[36]. - The company invested $28.0 million in property, plant, and equipment during the six months ended April 30, 2025[36]. Operational Metrics - Operating income for the six months ended April 30, 2025, was $16.2 million, down from $20.3 million in the same period of 2024[34]. - The company sold 166.4 million pounds of avocados in Q2 2025, a slight decrease from 168.6 million pounds in Q2 2024[56]. - The average sales price per pound of avocados increased to $2.00 in Q2 2025 from $1.59 in Q2 2024, reflecting a 25.8% rise[56]. Future Outlook - For the third quarter of fiscal 2025, industry volumes are expected to be approximately 10-15% higher, with exportable avocado production from owned farms in Peru expected to range between 100 million to 110 million pounds[27]. - Total capital expenditures for fiscal 2025 are expected to remain in the range of $50 to $55 million[27]. Other Notable Information - The company executed $5.2 million in share repurchases during the quarter, reflecting a belief that the share price was undervalued[3]. - The company incurred $1.1 million in tariff charges during a three-day period in March 2025, which impacted pricing strategies[44]. - Gross profit for the six months ended April 30, 2025, was $59.9 million, slightly up from $59.7 million in the same period of 2024[34]. - Adjusted EBITDA for Q2 2025 was $19.1 million, a decrease of 5.4% from $20.2 million in Q2 2024[48]. - The weighted average shares of common stock outstanding for diluted earnings per share were 71,105,463 for the three months ended April 30, 2025[34].
Broadcom(AVGO) - 2025 Q2 - Quarterly Results
2025-06-05 20:27
Financial Performance - Broadcom reported record second quarter revenue of $15,004 million, a 20% increase year-over-year [4]. - Adjusted EBITDA for Q2 was $10,001 million, representing 67% of revenue, up 35% year-over-year [4]. - GAAP net income for Q2 was $4,965 million, a 134% increase from the previous year [5]. - Non-GAAP net income for Q2 was $7,787 million, up 44% year-over-year [5]. - Net revenue for the fiscal quarter ended May 4, 2025, was $15,004 million, a 12.1% increase from $12,487 million in the same quarter last year [22]. - Gross margin for the fiscal quarter was $10,197 million, representing a 30.5% increase compared to $7,776 million in the same quarter last year [22]. - Operating income for the fiscal quarter was $5,829 million, up 96.3% from $2,965 million in the same quarter last year [22]. - Basic income per share from continuing operations was $1.05, compared to $0.46 in the same quarter last year, reflecting a 128.3% increase [22]. - Non-GAAP net income for the same quarter was $7,787 million, compared to $7,823 million in the prior quarter, reflecting a slight decline [26]. - Adjusted EBITDA for the quarter was $10,001 million, down from $10,083 million in the previous quarter [26]. Cash Flow and Shareholder Returns - Free cash flow reached a record $6,411 million, up 44% year-over-year, constituting 43% of revenue [4]. - The company returned $7.0 billion to shareholders in Q2 through $2.8 billion in cash dividends and $4.2 billion in stock repurchases [3]. - Cash and cash equivalents at the end of the quarter were $9,472 million, compared to $9,307 million at the end of the prior quarter [5]. - Net cash provided by operating activities increased to $6,555 million compared to $6,113 million in the previous quarter [32]. - Payments of dividends were $2,785 million, slightly up from $2,774 million in the previous quarter [32]. - The company had net cash used in investing activities of $133 million, compared to $174 million in the previous quarter [32]. - The company repurchased common stock for $2,450 million under its repurchase program [32]. Guidance and Future Expectations - AI semiconductor revenue grew 46% year-over-year to over $4.4 billion, with expectations to reach $5.1 billion in Q3 [3]. - Third quarter revenue guidance is approximately $15.8 billion, reflecting a 21% increase from the prior year [8]. Expenses and Liabilities - Research and development expenses for the fiscal quarter were $2,693 million, an increase from $2,415 million in the same quarter last year [22]. - Total operating expenses for the fiscal quarter were $4,368 million, a decrease from $4,811 million in the same quarter last year [22]. - The company reported stock-based compensation expense of $1,771 million for the fiscal quarter, compared to $1,403 million in the same quarter last year [25]. - Total liabilities decreased to $95,044 million from $97,967 million, indicating improved financial stability [30]. - Long-term debt decreased to $61,751 million from $66,295 million, indicating a reduction in leverage [30]. Inventory and Assets - Total current assets increased to $22,181 million from $19,595 million in the previous reporting period [30]. - Cash and cash equivalents rose to $9,472 million, up from $9,348 million, indicating strong liquidity [30]. - Inventory levels increased to $2,017 million from $1,760 million, suggesting potential growth in sales or production [30].
Rent the Runway(RENT) - 2026 Q1 - Quarterly Results
2025-06-05 20:25
Revenue and Profitability - Revenue for Q1 2025 was $69.6 million, a decrease of 7.2% year-over-year from $75.0 million in Q1 2024[8] - Gross Profit was $21.9 million, down 22.9% from $28.4 million in Q1 2024, with a Gross Margin of 31.5% compared to 37.9% in Q1 2024[8] - Net Loss for Q1 2025 was $(26.1) million, compared to $(22.0) million in Q1 2024, representing a net loss as a percentage of revenue of (37.5)%[8] - Adjusted EBITDA was $(1.3) million, down from $6.5 million in Q1 2024, with an Adjusted EBITDA Margin of (1.9)%[8] - Total revenue for the three months ended April 30, 2025, was $69.6 million, a decrease of 7.2% from $75.0 million in the same period of 2024[29] - Net loss for the three months ended April 30, 2025, was $26.1 million, compared to a net loss of $22.0 million in the same period of 2024, representing a 18.6% increase in losses[29] - Adjusted EBITDA for the three months ended April 30, 2025, was $(1.3) million, a significant decline from $6.5 million in the same period of 2024[35] - Adjusted EBITDA margin for the three months ended April 30, 2025, was (1.9)%, down from 8.7% in the same period of 2024[35] Subscriber Metrics - Active Subscribers at the end of Q1 2025 reached 147,157, an increase of 1% from 145,837 in Q1 2024[8] - Average Active Subscribers decreased by 2% to 133,468 from 135,896 in Q1 2024[8] - The company anticipates double-digit growth in ending Active Subscribers for fiscal year 2025 compared to fiscal year 2024[11] Inventory and Customer Engagement - New inventory strategy led to a 24% increase in new inventory receipts in Q1 2025 versus Q1 2024, with expectations of a 134% year-over-year increase for the remainder of the year[4] - Customer engagement metrics improved, with 23% higher share of views and 46% more hearts for Spring 2025 inventory compared to Spring 2024[7] Cash Flow and Assets - Total current assets decreased to $87.1 million as of April 30, 2025, from $93.9 million as of January 31, 2025[27] - Total liabilities increased to $452.4 million as of April 30, 2025, compared to $422.5 million as of January 31, 2025[27] - Cash and cash equivalents at the end of the period were $70.4 million, down from $77.4 million at the beginning of the period[27] - Free cash flow for the three months ended April 30, 2025, was $8.3 million, compared to $4.6 million in the same period of 2024[31] - Net cash provided by operating activities increased to $8.3 million in Q2 2025 from $4.6 million in Q2 2024[37] Future Outlook - The company expects revenue for Q2 2025 to be between $76 million and $80 million[11] Costs and Expenses - Total costs and expenses for the three months ended April 30, 2025, were $89.3 million, a slight decrease from $91.5 million in the same period of 2024[29] - Free Cash Flow for Q2 2025 was $(6.4) million, compared to $(1.4) million in Q2 2024[37] - Free Cash Flow Margin decreased to (9.2)% in Q2 2025 from (1.9)% in Q2 2024[37] - Purchases of rental products rose to $(19.3) million in Q2 2025 from $(13.1) million in Q2 2024[37] - Proceeds from the sale of rental products decreased to $4.9 million in Q2 2025 from $6.8 million in Q2 2024[37] - Proceeds from the liquidation of rental products were $0.9 million in Q2 2025, down from $1.1 million in Q2 2024[37] - Purchases of fixed and intangible assets increased to $(1.2) million in Q2 2025 from $(0.8) million in Q2 2024[37]
DocuSign(DOCU) - 2026 Q1 - Quarterly Results
2025-06-05 20:22
Revenue and Growth - Revenue for Q1 fiscal 2026 was $763.7 million, an 8% year-over-year increase, with subscription revenue at $746.2 million, also an 8% increase [6]. - Billings increased to $739.6 million, representing a 4% year-over-year growth [6]. - Total revenue for the three months ended April 30, 2025, was $763,654,000, an increase from $709,640,000 in the same period of 2024, representing a growth of approximately 7.6% [31]. - Subscription revenue reached $746,202,000, up from $691,483,000 year-over-year, indicating a growth of about 7.9% [31]. - Revenue for Q2 2025 reached $763,654,000, a 7.6% increase from $709,640,000 in Q2 2024 [46]. Profitability - GAAP net income per diluted share was $0.34, compared to $0.16 in the same period last year, reflecting a significant improvement [6]. - Non-GAAP net income per diluted share rose to $0.90, up from $0.82 year-over-year [6]. - Net income for the quarter was $72,087,000, significantly higher than $33,760,000 in the same quarter of 2024, marking an increase of approximately 113.0% [31]. - Basic net income per share rose to $0.35 from $0.16, representing a growth of 118.8% [31]. - GAAP net income for Q2 2025 was $72,087,000, compared to $33,760,000 in Q2 2024, representing a 113% increase [44]. - Non-GAAP net income attributable to common stockholders for Q2 2025 was $190,851,000, up from $172,843,000 in Q2 2024, reflecting an increase of 10.4% [44]. Cash Flow and Financial Position - Free cash flow for the quarter was $251,439,000, slightly down from $254,826,000 in the previous year [36]. - Non-GAAP free cash flow for Q2 2025 was $227,815,000, slightly down from $232,073,000 in Q2 2024 [45]. - The company reported cash, cash equivalents, and investments totaling $1.1 billion at the end of the quarter [6]. - Total assets decreased to $3,947,403,000 from $4,012,705,000 as of January 31, 2025 [33]. - Total liabilities decreased to $1,932,601,000 from $2,010,013,000, indicating improved financial health [33]. Guidance and Projections - The guidance for the quarter ending July 31, 2025, projects total revenue between $777 million and $781 million [12]. - For the fiscal year ending January 31, 2026, total revenue is expected to be between $3,151 million and $3,163 million [13]. - The projected non-GAAP tax rate for fiscal 2025 and 2026 is set at 20% [25]. Operational Highlights - Docusign's Intelligent Agreement Management platform surpassed 10,000 customers, indicating strong market adoption [3]. - New AI-driven features, including AI Contract Agents, are expected to launch later this year, enhancing the platform's capabilities [7]. Expenses and Margins - Non-GAAP gross profit for the quarter was $628,727,000, compared to $582,170,000 in the prior year, reflecting an increase of approximately 8.0% [39]. - Non-GAAP gross margin improved to 82.3% from 82.0% year-over-year [39]. - GAAP operating margin improved to 7.9% in Q2 2025 from 3.2% in Q2 2024 [42]. - Non-GAAP operating margin for Q2 2025 was 29.5%, compared to 28.5% in Q2 2024 [42]. - GAAP sales and marketing expenses for Q2 2025 were $296,413,000, up from $281,644,000 in Q2 2024, with a percentage of revenue decreasing from 39.7% to 38.8% [41]. - Non-GAAP research and development expenses for Q2 2025 were $99,935,000, compared to $87,553,000 in Q2 2024, with a percentage of revenue increasing from 12.3% to 13.1% [41]. Shareholder Returns - The company announced a $1.0 billion increase to its stock repurchase program, bringing the total remaining authorization to $1.4 billion [11].
Tilly’s(TLYS) - 2026 Q1 - Quarterly Report
2025-06-05 20:21
Financial Performance - Total net sales for the first quarter of fiscal 2025 were $107.6 million, a decrease of 7.1% compared to $115.9 million in the same period last year[111]. - Comparable store net sales decreased by 7.0% relative to the comparable 13-week period ended May 4, 2024[114]. - Gross profit was $21.3 million, or 19.8% of net sales, down from $24.3 million, or 21.0% of net sales, last year[115]. - Net sales from physical stores were $85.9 million, a decrease of 7.4%, while e-commerce net sales were $21.7 million, a decrease of 5.8%[117]. - Operating loss was $22.7 million, or 21.1% of net sales, compared to $20.8 million, or 17.9% of net sales last year[118]. - Net loss was $22.2 million, or $0.74 net loss per share, compared to $19.6 million, or $0.65 net loss per share last year[120]. Store Operations - The company expects to close 12 stores during fiscal 2025, with seven already closed by May 2025[98]. - The company operated 238 stores as of May 3, 2025, down from 246 stores at the same time last year[93]. - Average net sales per physical store decreased to $353, down from $373 in the prior year[112]. Expenses - Store payroll and payroll-related expenses represented approximately 45% of total selling, general and administrative expenses in the first quarter of fiscal 2025[95]. - SG&A expenses were $44.0 million, or 40.9% of net sales, compared to $45.1 million, or 38.9% of net sales last year[116]. Cash Flow and Financing - Net cash used in operating activities was $8.1 million this year, a decrease of $17.6 million compared to $25.7 million last year[126]. - Net cash provided by investing activities was $14.3 million this year, compared to net cash used of $1.6 million last year[129]. - As of May 3, 2025, the company had no outstanding borrowings under the Credit Agreement and was eligible to borrow up to $55.4 million[135]. - The company expects to finance operations and capital expenditures with existing cash on hand and cash flows from operations[121]. Taxation - The effective income tax rate is expected to be near zero until the company can return to generating consistent operating profits[97]. - The income tax benefit was $0.1 million, or 0.6% of pre-tax loss, compared to $13 thousand, or 0.1% of pre-tax loss last year[119]. Future Outlook - The company anticipates that a consistent comparable net sales decrease of approximately 10% or more would necessitate borrowing under its credit facility[96]. - Working capital decreased to $10.5 million from $31.6 million, a decrease of $21.1 million[123].
Guess(GES) - 2026 Q1 - Quarterly Results
2025-06-05 20:19
Exhibit 99.1 GUESS?, INC. REPORTS FISCAL YEAR 2026 FIRST QUARTER RESULTS Carlos Alberini, Chief Executive Officer, commented, "We are encouraged by our first quarter performance, which came in ahead of expectations across key metrics. Revenue grew 9% in U.S. dollars and 12% in constant currency, reflecting the successful integration of rag & bone and continued momentum in our wholesale businesses across Europe and the Americas. Disciplined expense management, combined with the better than expected top-line ...
Rubrik, Inc.(RBRK) - 2026 Q1 - Quarterly Results
2025-06-05 20:17
Rubrik Reports First Quarter Fiscal Year 2026 Financial Results Palo Alto, California, June 5, 2025 – Rubrik, Inc. (NYSE: RBRK), the cyber resilience company, today announced financial results for the first quarter fiscal year 2026, ended April 30, 2025. "Our outstanding first-quarter results not only surpassed all guided metrics but also underscore the power of our focused innovation and execution. We are winning the cyber resilience market, and I believe that our opportunity is bigger than ever," said Bip ...
Quanex Building Products (NX) - 2025 Q2 - Quarterly Results
2025-06-05 20:17
Financial Performance - Quanex reported net sales of $452.5 million for Q2 2025, a 70.0% increase compared to $266.2 million in Q2 2024, primarily driven by the Tyman acquisition[4] - Gross margin for Q2 2025 was $131.4 million, representing a gross margin percentage of 29.0%, up from 24.9% in Q2 2024[2] - Adjusted EBITDA for the three months ended April 30, 2025, was $61.9 million, with an adjusted EBITDA margin of 13.7%[2] - The company achieved a net income of $20.5 million in Q2 2025, compared to $15.4 million in Q2 2024[2] - Reported net income for the quarter was $20,515 million, with diluted EPS of $0.44, compared to $15,377 million and $0.46 in the same quarter last year[35] - Adjusted net income reached $27,887 million, with adjusted EPS of $0.60, up from $24,041 million and $0.73 year-over-year[35] - EBITDA for the quarter was $60,113 million, with adjusted EBITDA of $61,913 million, reflecting a significant increase from $31,531 million and $40,024 million respectively in the prior year[35] - Net sales totaled $452,478 million, compared to $266,201 million in the same quarter last year, indicating a substantial growth[35] - Operating income for the quarter was $40,921 million, showing an increase from $20,637 million year-over-year[35] Debt and Liabilities - Quanex's total debt as of April 30, 2025, was $785.0 million, with a leverage ratio of Net Debt to LTM Adjusted EBITDA decreasing to 3.2x[5] - Total liabilities remained relatively stable at $1,306,603 thousand as of April 30, 2025, compared to $1,309,042 thousand on October 31, 2024[22] - Net Debt increased to $722,351 thousand as of April 30, 2025, from a net cash position of ($932) thousand in the prior year, indicating a significant shift in financial leverage[29] - The company’s total current liabilities decreased to $244,365 thousand as of April 30, 2025, from $272,867 thousand on October 31, 2024, a reduction of approximately 10.5%[22] Cash Flow and Capital Expenditures - Cash provided by operating activities for Q2 2025 was $28.5 million, while free cash flow was $13.6 million[2] - Cash provided by operating activities for the six months ended April 30, 2025, was $15,987 thousand, down 56.7% from $36,945 thousand in the prior year[28] - Free Cash Flow for the six months ended April 30, 2025, was negative at ($10,557) thousand, compared to positive $19,762 thousand for the same period in 2024[28] - Capital expenditures for the six months ended April 30, 2025, were $26,544 thousand, an increase of 54.5% compared to $17,183 thousand in the same period of 2024[24] - The company reported a decrease in cash, cash equivalents, and restricted cash by $38,198 thousand during the six months ended April 30, 2025, compared to a decrease of $2,325 thousand in the prior year[24] Integration and Strategic Initiatives - The integration of Tyman is ahead of schedule, with cost synergy targets increased to approximately $45 million[1] - The company is actively pursuing strategic initiatives, including potential acquisitions, to enhance its market position[35] - Future outlook includes continued focus on market expansion and new product development to drive revenue growth[35] Segment Performance - The company reported a decrease in net sales of 5.5% in its North American Fenestration segment for Q2 2025[4] - The North American fenestration segment generated net sales of $151.026 million for the three months ended April 30, 2025, down from $159.774 million in the same period of 2024[42] - The international fenestration segment in the EU reported net sales of $61.257 million for the three months ended April 30, 2025, compared to $56.583 million in the same period of 2024, showing a growth of 3.0%[42] Expenses and Charges - Selling, general and administrative expenses for the three months ended April 30, 2025, totaled $70.333 million, up from $34.707 million in the same period of 2024[39] - The company incurred restructuring charges of $936,000 during the three months ended April 30, 2025, reflecting ongoing operational adjustments[39] - Cost of sales was $321,096 million, leading to a gross margin that supports the overall profitability of the company[35] - Cost of sales for the six months ended April 30, 2025, was $628.824 million, compared to $387.686 million in the same period of 2024, indicating an increase of 62.1%[40] - The company reported a gross margin of $223.698 million for the six months ended April 30, 2025, with a gross margin percentage of 26.2%, compared to $117.670 million and 23.3% in the same period of 2024[40]
Torrid (CURV) - 2026 Q1 - Quarterly Results
2025-06-05 20:16
Exhibit 99.1 Torrid Reports First Quarter 2025 Results CITY OF INDUSTRY, Calif. – June 5, 2025 – Torrid Holdings Inc. ("Torrid" or the "Company") (NYSE: CURV), a direct-to- consumer apparel, intimates, and accessories brand in North America for women sizes 10 to 30, today announced its financial results for the quarter ended May 3, 2025. Lisa Harper, Chief Executive Officer, stated, "I'm proud of the strong progress we made this quarter across our strategic initiatives. We delivered first quarter results in ...