Earnings Digest - 2025-04-30

Published on: Wed Apr 30 2025

$ADP - Q3 2025 Earnings

• On April 30, 2025, ADP reported Q3 FY2025 earnings per share of $3.06, beating analyst estimates of $2.97.
• Quarterly revenue was $5.55 billion, up 6% year-over-year and above the expected $5.49 billion.
• Employer Services revenue grew 5%, and Professional Employer Organization revenue rose 7%.
• ADP raised its full-year outlook, expecting revenue growth at the high end of 6-7% and adjusted EPS growth of 8-9%.
• The company declared a $1.54 per share dividend, payable July 1, 2025, to shareholders on record as of June 13, 2025.
• April’s National Employment Report showed private sector jobs increased by 62,000, less than March’s 147,000 and below estimates.
• Peter Hadley will become CFO on July 1, 2025, replacing Don McGuire.

$AFL - Q1 2025 Earnings

• Aflac reported Q1 2025 results on April 30, 2025: total revenue dropped to $3.4 billion from $5.4 billion last year, mainly due to $963 million in net investment losses.
• Net earnings fell sharply to $29 million ($0.05 per share) from $1.9 billion ($3.25 per share) a year ago; adjusted earnings were $906 million ($1.66 per share), missing the $1.68 per share analyst estimate.
• Adjusted revenue was $4.32 billion, below the forecasted $4.38 billion.
• In the U.S., net earned premiums rose 1.8% to $1.5 billion and sales increased 3.5% to $309 million.
• In Japan (yen terms), net earned premiums fell 5.0% and adjusted net investment income dropped 7.6%, but new annualized premium sales grew 12.6% to ¥14.1 billion ($93 million).
• The board declared a $0.58 per share dividend and Aflac repurchased $900 million in shares during the quarter.

$ALB - Q1 2025 Earnings

• Albemarle reported first quarter 2025 results on April 30, 2025, with net sales of $1.1 billion, down 21% from last year due to lower pricing in Energy Storage.
• Net income was $41 million, or $0.00 per diluted share, a turnaround from a net loss last year; adjusted diluted loss per share was $0.18.
• Energy Storage segment sales fell 35% to $525 million because of a 34% drop in pricing; Specialties segment sales rose 2% to $321 million on higher volumes.
• Cash from operations rose to $545 million, up $447 million year-over-year, helped by a $350 million customer prepayment; capital expenditures dropped to $183 million.
• Albemarle expects 2025 capital expenditures between $700 million and $800 million, over 50% lower than in 2024, and is maintaining its full-year outlook amid new tariffs and lithium price stabilization.

$ALGN - Q1 2025 Earnings

• Align Technology announced Q1 2025 financial results on April 30, 2025.
• Total Q1 2025 revenue was $979.3 million, down 1.6% from last quarter and 1.8% from last year.
• Clear Aligner revenue was $796.8 million (up 0.3% from last quarter, down 2.5% from last year); Clear Aligner volume rose 6.2% year-over-year, with teen and growing patient cases up 13.3%.
• Non-GAAP diluted earnings per share were $2.13, beating analyst estimates of $2.00.
• Q2 2025 revenue is expected to be between $1,050 million and $1,070 million.
• Invisalign System with mandibular advancement and occlusal blocks is now available in the US and Canada.

$ALL - Q1 2025 Earnings

• On April 30, 2025, Allstate reported Q1 earnings per share (EPS) of $3.53, which was $0.18 below analyst estimates.
• Q1 revenue was $16.45 billion, beating the expected $13.94 billion.
• Allstate announced estimated catastrophe losses for March 2025 on April 17, 2025.
• On April 1, 2025, Allstate completed the sale of its Employer Voluntary Benefits business.

$ANSS - Q1 2025 Earnings

• Ansys reported Q1 2025 financial results on April 30, 2025: revenue was $504.9 million (up 8.2% year-over-year), but missed the analyst estimate of $520.89 million.
• GAAP earnings per share rose to $0.59 from $0.40; non-GAAP EPS was $1.64, up from $1.39, but below the expected $1.68.
• Q1 operating cash flow increased 41.1% to $398.9 million.
• Due to its pending acquisition by Synopsys, Ansys has suspended quarterly earnings calls and guidance.
• Ansys announced new certifications for its thermal and multiphysics solutions for Intel’s 18A process and 3D-IC designs, and expanded its collaboration with TSMC, including certification of several Ansys tools for advanced chip processes.

$AWK - Q1 2025 Earnings

• American Water Works reported first-quarter 2025 results on April 30, 2025, with a profit of $205 million ($1.05 per share), beating analyst estimates.
• Quarterly revenue was $1.14 billion, above forecasts of $1.03 billion.
• The company raised its quarterly dividend by 8.2% to $0.8275 per share.
• Full-year 2025 earnings per share guidance remains at $5.65 to $5.75.
• Pennsylvania American Water completed the acquisition of East Dunkard Water Authority Water System on April 29, 2025.

$CAT - Q1 2025 Earnings

• Caterpillar reported Q1 2025 results on April 30: sales and revenues were $14.25 billion, down 3.5% year-over-year and 10% from last quarter, missing forecasts.
• Operating margin fell by about 120 basis points due to higher raw material and transportation costs.
• Construction Industries sales dropped 19% to $5.2 billion, with North American sales down 24% and large earthmoving equipment unit sales down 9.1%.
• Energy & Transportation segment revenue declined 4.3% as customers delayed equipment investments.
• Caterpillar will require most U.S. corporate employees to return to the office five days a week starting in June, ending its hybrid model.

$CCI - Q1 2025 Earnings

• Crown Castle reported Q1 2025 earnings on April 30, 2025, with a net loss of $464 million, mainly due to an $830 million loss from its planned Fiber Business sale.
• Site rental revenues fell 5% to $1,011 million year-over-year; Adjusted EBITDA dropped 4% to $722 million, and AFFO per share was down 1% to $1.10.
• Despite declines, the tower business saw 5.1% organic growth (excluding Sprint cancellations), and the company kept its full-year outlook for 4.5% organic growth in site rental billings.
• Crown Castle plans to use about $6 billion from the $8.5 billion fiber and small cell business sale to repay debt; the sale should close in the first half of 2026.
• Dan Schlanger was named interim CEO after Steven Moskowitz’s termination; Fitch Ratings placed Crown Castle on Negative Watch due to expected higher leverage after the sale.

$CHRW - Q1 2025 Earnings

• C.H. Robinson’s Director said the company saw limited impact to container freight into Savannah and a slight increase into New York/New Jersey after the Baltimore bridge collapse, thanks to the FLOW platform.
• Chassis availability and terminal space were not problems for rerouting Baltimore freight.
• C.H. Robinson announced a first quarter dividend of $0.61 on May 13.
• The company is scheduled to pay the $0.61 dividend, according to a notice from May 21.

$CTSH - Q1 2025 Earnings

• Cognizant reported first-quarter 2025 results on April 30, 2025, with adjusted earnings of $1.23 per share, beating analyst estimates of $1.19 per share.
• Revenue was $5.12 billion, above the expected $5.07 billion, and grew 8.2% year-over-year in constant currency.
• Net income reached $663 million; adjusted operating margin improved to 15.5%, up 40 basis points from last year.
• Free cash flow was $393 million, which included $70 million from an office sale.
• The company expects second-quarter revenue between $5.14 billion and $5.21 billion, and full-year earnings between $4.98 and $5.14 per share.

$EBAY - Q1 2025 Earnings

• On April 30, 2025, eBay reported Q1 2025 earnings: revenue was $2.6 billion (up 1% year-over-year), with Gross Merchandise Volume at $18.8 billion (up 1%).
• GAAP earnings per diluted share were $1.06; Non-GAAP earnings per diluted share were $1.38.
• eBay’s first-party advertising revenue reached $418 million in Q1 2025, up 13% year-over-year.
• CFO Steve Priest will step down, and Peggy Alford will become CFO on May 12, 2025.
• eBay expanded its partnership with Klarna to the U.S. on April 23, 2025, offering flexible payment options like Pay in 4 and Financing.

$EG - Q1 2025 Earnings

• Everest Group announced Q1 2025 financial results on April 30, 2025.
• Net income dropped to $210 million ($4.90 per share) from $733 million ($16.87 per share) a year ago.
• Gross written premiums fell 2% year-over-year to $4.4 billion; reinsurance premiums decreased 1.1%, and insurance premiums slipped 0.1%.
• Catastrophe losses from California wildfires totaled $472 million, leading to a combined ratio of 102.7%, up from 88.8% last year.
• Net investment income rose to $491 million from $457 million, but operating cash flow decreased to $928 million from $1.1 billion.

$ETSY - Q1 2025 Earnings

• Etsy reported Q1 2025 financial results on April 30, 2025, showing a net loss of $52.1 million, mainly due to a $101.7 million goodwill impairment charge from planning to sell its Reverb business line.
• Gross Merchandise Sales (GMS) fell 6.5% year-over-year to $2.8 billion, while revenue rose 0.8% to $651.2 million, driven by increased advertising revenue and seller fees.
• Etsy set a new quarterly high take rate of 23.3% and reactivated over 6 million buyers; Depop reached its best GMS since being acquired.
• Executive changes announced for January 2025: Kruti Patel Goyal will become President and Chief Growth Officer, Lanny Baker will be the new CFO, and Brad Minor will be Chief Marketing Officer; CTO Rachana Kumar will depart.
• Etsy is improving its search and discovery tools and launched a Search Visibility Page to help sellers understand how their listings appear in search results.

$FMC - Q1 2025 Earnings

• FMC Corporation announced Q1 2025 results on April 30, 2025, reporting revenue of $791 million, down 14% from Q1 2024.
• The company had a GAAP net loss of $16 million and a GAAP loss of $0.12 per diluted share.
• Adjusted EBITDA was $120 million, down 25%, and adjusted earnings per diluted share were $0.18, down 50% from last year.
• FMC maintained its full-year 2025 outlook, projecting revenue of $4.15–$4.35 billion and adjusted EBITDA of $870–$950 million.
• The forecast includes estimated extra tariff costs of $15–$20 million.

$GL - Q1 2025 Earnings

• Globe Life Inc. (GL) reported first quarter 2025 results on April 30, 2025.
• Net income was $3.01 per diluted share, up 13% from last year; net operating income was $3.07 per share, up 10%.
• Total premium revenue grew 5% to $1.2 billion; life insurance premiums were $829.9 million, health insurance premiums were $369.8 million.
• Insurance underwriting income rose 4%.
• The company repurchased 1.5 million shares for $177 million in the quarter.
• Globe Life will hold its Q1 2025 earnings call on May 1, 2025, at 12:00 pm ET.

$GNRC - Q1 2025 Earnings

• On April 8, 2025, Generac launched five new generators for data centers, with output from 2.25 MW to 3.25 MW, targeting high-capacity needs and energy integration.
• The new generators feature Baudouin M55 engines, Deep Sea G8601 Controllers, and Marathon DataMAX alternators.
• Generac claims its supply chain allows for shorter lead times of 50-60 weeks for fully packaged generators, enabling faster deployment than competitors.
• On April 30, 2025, Generac reported its first quarter 2025 financial results.
• Generac is expanding in energy storage, solar inverters, energy management, EV charging, and microgrid projects, aiming to support a more decarbonized and decentralized energy grid.

$GRMN - Q1 2025 Earnings

• Garmin announced Q1 2025 earnings on April 30, 2025, with record revenue of $1.54 billion, up 11% from last year.
• Operating income reached $333 million, a 12% increase year-over-year; pro forma EPS rose 13% to $1.61.
• Outdoor revenue grew 20%, fitness revenue rose 12%, aviation was up 3%, and auto OEM jumped 31%.
• New products and partnerships launched, including Garmin Pilot Web, Instinct 3 - Tactical Edition, vívoactive 6, and integration with Clippd.
• Garmin’s G3000 PRIME flight deck was selected by Pilatus; the company received its 10th best supplier award from Embraer and other industry recognitions.

$HES - Q1 2025 Earnings

• On May 28, 2024, Hess stockholders approved the proposed merger with Chevron.
• Most Hess shares voted in favor of the deal.
• The merger is expected to close in May 2025, pending regulatory approvals and resolution of arbitration over Stabroek Block preemptive rights.
• Hess will file a Form 8-K with the SEC showing final voting results.
• Chevron stockholder approval is not needed for the merger.

$HST - Q1 2025 Earnings

• On April 30, 2025, Host Hotels & Resorts reported Q1 2025 revenue of $1.594 billion, up 8.4% from last year and above analyst expectations.
• Net income for the quarter was $251 million, down 7.7% from Q1 2024; diluted EPS was $0.35, compared to $0.38 last year.
• Adjusted FFO per diluted share rose to $0.64 from $0.61, and adjusted EBITDAre increased 5.1% to $514 million.
• Comparable hotel RevPAR grew 7.0% to $240.18, driven by higher rates and strong demand.
• The company maintained full-year 2025 RevPAR growth guidance of 0.5% to 2.5%, but slightly lowered Total RevPAR growth guidance to 0.7% to 2.7%.

$HUM - Q1 2025 Earnings

• On April 30, 2025, Humana (HUM) reported Q1 2025 earnings per share (EPS) of $11.58, beating estimates by $1.51.
• Revenue was $32.11 billion, slightly below the expected $32.22 billion.
• Days in Claims Payable rose to 38.8 days at March 31, 2025, up from 37.8 days at December 31, 2024, due to more processed claims.
• Humana reaffirmed its full-year 2025 adjusted EPS guidance of about $16.25 and expects Medicare Advantage margins to reach 3% by 2027.

$INVH - Q1 2025 Earnings

• Invitation Homes reported Q1 2025 earnings on April 30, 2025, with total revenues of $674 million, up 4.4% year-over-year.
• Net income rose 16.4% to $166 million, or $0.27 per diluted share.
• Core FFO per share increased 3.5% to $0.48; AFFO per share rose 4.0% to $0.42.
• Same Store NOI grew 3.7%, driven by a 2.5% increase in Same Store Core Revenues and flat operating expenses.
• Same Store Average Occupancy was 97.2%, down by 0.6 percentage points; blended rent growth was 3.6%.

$IP - Q1 2025 Earnings

• International Paper reported Q1 2025 results on April 30, 2025, with a net loss of $105 million ($0.24 per share) and adjusted earnings of $101 million ($0.23 per share), missing the expected $0.37 per share.
• Net sales for Q1 2025 were $5.9 billion, up from $4.6 billion in Q1 2024, but missed expectations by $320 million.
• Results included a $271 million pre-tax charge for restructuring and closing the Red River mill in Louisiana.
• The Packaging Solutions EMEA segment saw operating profit rise to $46 million in Q1 2025 from $19 million in Q4 2024; DS Smith EMEA business contributed $13 million in operating profit.
• International Paper is negotiating to sell five European corrugated box plants to PALM Group, as required by regulators after acquiring DS Smith; the deal is expected to close by the end of Q2 2025.

$ITW - Q1 2025 Earnings

• Illinois Tool Works reported Q1 2025 earnings on April 30, 2025, with revenue of $3.8 billion, down 3.4% from last year.
• Organic growth fell 1.6%, but was flat on an equal days basis; foreign currency lowered revenue by 1.8%.
• GAAP EPS was $2.38, beating forecasts and showing a 2.1% positive earnings surprise.
• Operating margin dropped to 24.8% due to higher restructuring costs, but enterprise initiatives added 120 basis points.
• The company kept its full-year 2025 GAAP EPS guidance of $10.15–$10.55 and expects flat to 2% organic growth.

$KLAC - Q3 2025 Earnings

• On April 30, 2025, KLA reported fiscal Q3 results: profit of $1.09 billion and adjusted earnings per share of $8.41, beating analyst estimates.
• Quarterly revenue was $3.06 billion, above the expected $3.01 billion, driven by strong demand for AI and advanced packaging semiconductor equipment.
• Revenue rose 30% year-over-year in the March quarter; the service business marked its 52nd straight quarter of year-over-year growth.
• The board increased the quarterly dividend to $1.90 per share and approved an additional $5 billion for share repurchases.
• For fiscal Q4, KLA expects revenue between $2.93 billion and $3.23 billion, with GAAP diluted EPS around $8.28 (±$0.78).

$MAA - Q1 2025 Earnings

• MAA reported Q1 2025 results on April 30: Core FFO was $2.20 per share, slightly down from $2.22 last year but above expectations.
• Same Store occupancy rose to 95.6%, with strong demand, low delinquency, and improved pricing trends.
• Blended lease rates declined 0.5%; new leases dropped 6.3%, while renewals increased 4.5%.
• Company maintained 2025 Core FFO guidance of $8.61–$8.93 per share and declared its 125th consecutive quarterly dividend ($6.06 annual rate).
• MAA sold two properties in Columbia, SC for $83 million, gaining $72 million, and had $1.0 billion in cash and credit available as of March 31, 2025.

$MET - Q1 2025 Earnings

• MetLife reported first quarter 2025 results on April 30, 2025, with net income up 10% year-over-year to $879 million and total revenues up 14% to $13.6 billion.
• Adjusted earnings rose 1% to $1.3 billion, or $1.96 per share (a 7% per share increase); variable investment income jumped 26% to $327 million.
• The company announced a new $3 billion share repurchase plan and returned $1.8 billion to shareholders through buybacks and dividends in Q1.
• MetLife entered an agreement with Talcott Resolution to reinsure $10 billion of U.S. retail variable annuity reserves, aiming to reduce risk and accelerate the run-off of legacy business.
• The company increased its quarterly common stock dividend by 4.1% to $0.5675 per share for Q2 2025.

$META - Q1 2025 Earnings

• Meta will update its privacy policy in the EU on June 26, 2024, to use public Facebook and Instagram content from adults for AI training; private messages are not included.
• EU users can object to their data being used for AI training.
• Meta received approval in June 2024 to build a two-building data center on a 328-acre campus in Davenport, Iowa.
• Meta is also starting a multi-billion-dollar data center project in Wyoming, chosen for its climate and internet infrastructure.

$MGM - Q1 2025 Earnings

• MGM Resorts reported Q1 2025 earnings on April 30, 2025: net revenues were $4.3 billion, down 2% year-over-year, and net income was $149 million ($0.51 per share), down from $217 million ($0.67 per share) last year.
• BetMGM turned profitable, with positive EBITDA of $22 million, up $154 million year-over-year; BetMGM’s net revenue grew 34% to $657 million.
• MGM repurchased about 15 million shares for $494 million in Q1 and announced a new $2 billion share buyback program.
• Las Vegas Strip occupancy hit a record 94%, but Strip revenue fell 3% to $2.2 billion; regional and MGM China revenues also declined.
• MGM announced the removal of concierge desks at several Las Vegas properties on April 29, 2025, affecting 34 employees, due to more customers using digital services.

$MLM - Q1 2025 Earnings

• Martin Marietta Materials reported Q1 2025 results on April 30, 2025, with adjusted EPS of $1.90, beating estimates of $1.82.
• Revenue was $1.35 billion, up 8% year-over-year and in line with forecasts.
• The aggregates business saw shipments rise 6.6% to 39.0 million tons, with average selling prices up 6.8% to $23.77 per ton.
• Aggregates gross profit jumped 24% to a Q1 record of $297 million; gross margin increased by 260 basis points to 30%.
• The company maintained its 2025 revenue guidance of $6.83–$7.23 billion and announced a CFO transition, with Bob Cardin as interim CFO.

$MSFT - Q3 2025 Earnings

• On April 30, 2025, Microsoft reported Q3 fiscal 2025 revenue of $70.07 billion, up 13% year-over-year, beating analyst estimates.
• Net income was $25.82 billion ($3.46 per share), higher than last year’s $21.94 billion ($2.94 per share) and above Wall Street expectations.
• Intelligent Cloud segment revenue grew 21% to $26.75 billion and is expected to rise 20% to 22% in next quarter.
• Microsoft plans to invest $80 billion in infrastructure in fiscal 2025 and expects high AI demand to cause some capacity limits after June.
• A quarterly dividend of $0.83 per share will be paid on June 12, 2025, to shareholders of record on May 15, 2025.

$NCLH - Q1 2025 Earnings

• On April 30, 2024, Norwegian Cruise Line Holdings (NCLH) reported Q1 2024 earnings: adjusted EPS was $0.07, below the $0.09 forecast and down from $0.11 last year, partly due to $0.05 in foreign exchange losses.
• Net yields rose 1.2%, beating expectations, and adjusted EBITDA was $453 million, above guidance.
• Advance ticket sales increased 2.6% to $3.9 billion compared to the same period last year.
• NCLH announced infrastructure upgrades at its Bahamas island, Great Stirrup Cay, starting Q4 2025, including a new welcome center, pool area, and pier.
• The company signed charter agreements for four ships across its brands, as part of fleet optimization, with charters starting in 2026 and 2027.

$NWL - Q1 2025 Earnings

• On April 30, 2025, Newell Brands reported a Q1 net loss of $37 million, or $0.09 per share; normalized loss per share was $0.01, better than the expected loss of $0.07.
• Net sales were $1.6 billion, down 5.3% from last year, but higher than the forecasted $1.55 billion; core sales fell 2.1%.
• Reported gross margin rose to 32.1% (from 30.5%), marking the seventh straight quarter of year-over-year normalized gross margin improvement.
• Operating cash outflow was $213 million, compared to a $32 million inflow last year; debt stood at $4.9 billion with $233 million in cash.
• The company maintained its full-year 2025 outlook and declared a quarterly dividend of $0.07 per share, payable June 14, 2024.

$PEG - Q1 2025 Earnings

• Public Service Enterprise Group (PEG) announced first-quarter 2025 results on April 30, 2025, with earnings per share of $1.43, beating the $1.40 forecast.
• Quarterly revenue was $3.22 billion, above the expected $3.11 billion.
• Net income rose to $1.18 per share from $1.06 last year; non-GAAP operating earnings increased to $1.43 per share from $1.31.
• Total available liquidity grew to $4.6 billion, up from $2.6 billion at the end of 2024.
• The company reaffirmed its full-year earnings guidance and continues its regulated capital investment plan.

$PPL - Q1 2025 Earnings

• PPL Corporation reported first-quarter 2025 earnings on April 30, 2025, with GAAP earnings of $414 million ($0.56 per share), up 35% from last year; ongoing operations earnings were $444 million ($0.60 per share), up 11%.
• Earnings growth was mainly driven by favorable weather and higher transmission revenue, with increases across Kentucky, Pennsylvania, and Rhode Island segments.
• PPL reaffirmed its 2025 ongoing earnings forecast of $1.75–$1.87 per share and maintained a target of 6%–8% annual EPS and dividend growth through 2028.
• The company highlighted expanding data center demand, with nearly 11GW of requests in Pennsylvania and a new 400-megawatt data center project in Kentucky.
• PPL plans $20 billion in capital investments through 2028 to modernize infrastructure and support clean energy, aiming for a rate base growth from $26.5 billion in 2024 to $38.6 billion by 2028.

$PRU - Q1 2025 Earnings

• Prudential Financial reported Q1 2025 earnings on April 30, 2025.
• Adjusted earnings per share were $3.29, up from $3.12 last year, but missed analyst estimates of $3.37.
• Revenue was $13.41 billion, down 38.2% from the prior year and below the expected $14.27 billion.
• Net income was $707 million (GAAP EPS $1.96), down from $1.14 billion last year, mainly due to $600 million in pre-tax reconciling items.
• U.S. Businesses’ adjusted operating income grew to $931 million from $805 million; total assets under management rose to $1.52 trillion, up 3% year-over-year.

$PSA - Q1 2025 Earnings

• Public Storage announced Q1 2025 earnings on April 30, 2025, reporting net income of $2.04 per diluted share, down from $2.60 a year ago, mainly due to higher foreign currency losses.
• Core Funds From Operations (Core FFO) rose slightly to $4.12 per diluted share from $4.03 last year.
• Same-store revenue increased by 0.1% to $934.5 million, while same-store net operating income remained flat at $691.5 million.
• The company acquired nine self-storage facilities and completed expansions, adding a total of 1.4 million square feet for about $285.4 million.
• Public Storage is considering acquiring Abacus Storage King in Australia, with their share valued at about $586 million.

$PTC - Q2 2025 Earnings

• PTC announced Q2 2025 earnings on April 30, 2025, reporting EPS of $1.79 (above the $1.40 estimate) and revenue of $636 million (above the $608.77 million estimate).
• The company saw 10% year-over-year ARR growth, a 12% increase in operating cash flow, and a 13% increase in free cash flow.
• For Q3 2025, PTC expects EPS of $1.30–$1.50 (analyst consensus: $1.35) and revenue of $590–$620 million (analyst consensus: $609.70 million).
• PTC will continue share repurchases under its $2 billion authorization.

$SCI - Q1 2025 Earnings

• Service Corporation International (SCI) reported first quarter 2025 results on April 30, 2025, with GAAP earnings per share of $0.98, up 10% from last year.
• Adjusted earnings per share rose 8% to $0.96, and revenue increased by $28.8 million to $1.074 billion.
• Operating cash flow grew to $311.1 million from $220.1 million last year.
• SCI reaffirmed 2025 guidance, expecting diluted earnings per share between $3.70 and $4.00.
• The company plans $315 million in capital expenditures for 2025, including $160 million for cemetery property development.

$SWK - Q1 2025 Earnings

• On April 30, 2025, Stanley Black & Decker reported Q1 2025 revenue of $3.7 billion, down 3% from last year, with 1% organic growth but negative effects from currency and divestitures.
• Gross margin rose to 29.9% (up 130 basis points), and adjusted gross margin increased to 30.4% (up 140 basis points).
• Reported Q1 EPS was $0.60, and adjusted EPS was $0.75.
• DEWALT brand saw its eighth straight quarter of revenue growth.
• The company saved $130 million more in Q1 from its Global Cost Reduction Program, reaching about $1.7 billion in total savings since mid-2022.
• On April 25, 2025, Stanley Black & Decker announced its second quarter 2025 dividend.

$TT - Q1 2025 Earnings

• Trane Technologies reported first-quarter 2025 results on April 30, 2025, with revenue of $4.69 billion, up 11% year-over-year and above estimates.
• Adjusted EPS was $2.45, a 26% increase from last year and above analyst expectations.
• Bookings rose 4% to $5.28 billion, and backlog grew by $500 million since the end of 2024 to $7.3 billion.
• Adjusted EBITDA increased 21% to $851 million, with margins expanding to 18.1%.
• The company reaffirmed its full-year 2025 guidance, expecting organic revenue growth of 7–8% and adjusted EPS of $12.70 to $12.90.

$UDR - Q1 2025 Earnings

• UDR announced Q1 2025 financial results on April 30, 2025, with net income per diluted share of $0.23, up 77% from $0.13 last year.
• Q1 2025 Funds from Operations (FFO) per diluted share was $0.58, down from $0.60 last year and below guidance; FFO as Adjusted (FFOA) was $0.61, matching last year.
• Total Q1 revenue was $421.9 million, up 2.0% year-over-year, beating analyst estimates.
• UDR sold two apartment communities for $211.5 million and started development on a new 300-home project in California.
• The company reaffirmed its full-year 2025 guidance and has increased dividends for 16 straight years, with the next quarterly dividend of $0.43 per share set for April 30, 2025.

$VTR - Q1 2025 Earnings

• Ventas, Inc. reported Q1 2025 results on April 30, 2025, with revenue of $1.358 billion, beating the expected $1.32 billion.
• Normalized FFO per share was $0.84, up 8% year-over-year.
• Net Operating Income (NOI) grew about 13% year-over-year; Same-Store Cash NOI increased 7%.
• Ventas completed about $900 million in senior housing investments year-to-date.
• Net Debt-to-Further Adjusted EBITDA improved to 5.7x, and the unsecured credit facility increased by $750 million to $3.5 billion in April 2025.

$WDC - Q3 2025 Earnings

• Western Digital reported fiscal Q3 2025 earnings on April 30, 2025, with EPS of $1.36, beating estimates and up from $0.63 last year.
• Quarterly revenue was $2.29 billion, above estimates, though down from $3.46 billion a year ago.
• The HDD business set records in data center revenue and nearline bit shipments, while the Flash segment faced pricing challenges.
• The company plans to finish separating its Flash and HDD businesses in the next fiscal quarter.
• Western Digital expects next quarter revenue of $3.75–$3.95 billion, gross margins of 31.5%–33.5%, and EPS of $0.90–$1.20.

$YUM - Q1 2025 Earnings

• Yum! Brands reported Q2 results on August 6, 2024: worldwide system sales rose 3%, but same-store sales fell 1%.
• Core operating profit increased 10%; GAAP EPS was $1.28 and EPS excluding Special Items was $1.35.
• KFC sales grew 2%, Taco Bell 7%, and Pizza Hut sales were flat; total unit count grew 5% with 894 new units.
• Digital sales reached nearly $8 billion, making up over 50% of sales.
• Pizza Hut launched “Pizza Caviar” within the past 7 days.