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North American Construction Group Ltd. Second Quarter Results Conference Call and Webcast Notification

North American Construction Group Ltd. Second Quarter Results Conference Call and Webcast Notification

Toronto Star18-07-2025
ACHESON, Alberta, July 17, 2025 (GLOBE NEWSWIRE) — North American Construction Group Ltd. ('NACG' or 'the Company') (TSX:NOA.TO/NYSE:NOA) announced today that it will release its financial results for the second quarter ended June 30, 2025, on Wednesday, August 13, 2025, after markets close. Following the release of its financial results, NACG will hold a conference call and webcast on Thursday, August 14, 2025, at 7:00 a.m. Mountain Time (9:00 a.m. Eastern Time).
The call can be accessed by dialing:
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Conference Call The Company will hold a conference call with investors to discuss second quarter fiscal 2025 results and provide an update on its business on July 25, 2025 at 8:30 a.m. Eastern Daylight Time. To listen to a live webcast and view the accompanying presentation materials, please visit and select links for 'News & Events' followed by 'Events.' To access the call by phone, please preregister on to receive your dial-in number and unique passcode. A webcast replay will be available shortly after the conclusion of the call at About Carter's, Inc. Carter's, Inc. is North America's largest and most-enduring apparel company exclusively for babies and young children. The Company's core brands are Carter's and OshKosh B'gosh, iconic and among the sector's most trusted names. These brands are sold through more than 1,000 Company-owned stores in the United States, Canada, and Mexico online at and Carter's also is the largest supplier of baby and young children's apparel to North America's biggest retailers. The Company's Child of Mine brand is available exclusively at Walmart, its Just One You brand is available at Target, and its Simple Joys brand is available on The Company's emerging brands include Little Planet, crafted with organic fabrics and sustainable materials, Otter Avenue, a toddler-focused apparel brand, and Skip Hop, baby essentials from tubs to toys. Carter's is headquartered in Atlanta, Georgia. Additional information may be found at Forward Looking Statements Statements in this press release that are not historical fact and use predictive words such as 'estimates', 'outlook', 'guidance', 'expect', 'believe', 'intend', 'designed', 'target', 'plans', 'may', 'will', 'are confident' and similar words are forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). These forward-looking statements and related assumptions involve risks and uncertainties that could cause actual results and outcomes to differ materially from any forward-looking statements or views expressed in this press release. These risks and uncertainties include, but are not limited to, those disclosed in Part II, Item 1A. 'Risk Factors' of the Company's Quarterly Report on Form 10-Q for the fiscal quarter ended June 28, 2025 and Part I, Item 1A. 'Risk Factors' of the Company's Annual Report on Form 10-K for the fiscal year ended December 28, 2024, and otherwise in our reports and filings with the Securities and Exchange Commission, as well as the following factors: changes in global economic and financial conditions, and the resulting impact on consumer confidence and consumer spending, as well as other changes in consumer discretionary spending habits; risks related to public health crises; risks related to consumer tastes and preferences, as well as fashion trends; the failure to protect our intellectual property; the diminished value of our brands, potentially as a result of negative publicity or unsuccessful branding and marketing efforts; delays, product recalls, or loss of revenue due to a failure to meet our quality standards; risks related to uncertainty regarding the future of international trade agreements and the United States' position on international trade, as well as significant political, trade, and regulatory developments and other circumstances beyond our control; increased competition in the marketplace; financial difficulties for one or more of our major customers; identification of locations and negotiation of appropriate lease terms for our retail stores; distinct risks facing our eCommerce business; failure to forecast demand for our products and our failure to manage our inventory; increased margin pressures, including increased cost of materials and labor and our inability to successfully increase prices to offset these increased costs; continued inflationary pressures with respect to labor and raw materials and global supply chain constraints that have, and could continue, to affect freight, transit, and other costs; fluctuations in foreign currency exchange rates; unseasonable or extreme weather conditions; risks associated with corporate responsibility issues; our foreign sourcing arrangements; a relatively small number of vendors supply a significant amount of our products; disruptions in our supply chain, including increased transportation and freight costs; our ability to effectively source and manage inventory; problems with our Braselton, Georgia distribution facility; pending and threatened lawsuits; a breach of our information technology systems and the loss of personal data or a failure to implement new information technology systems successfully; unsuccessful expansion into international markets; failure to comply with various laws and regulations; failure to properly manage strategic initiatives; retention of key individuals; acquisition and integration of other brands and businesses; failure to achieve sales growth plans and profitability objectives to support the carrying value of our intangible assets; our continued ability to meet obligations related to our debt; changes in our tax obligations, including additional customs, duties or tariffs; our continued ability to declare and pay a dividend; volatility in the market price of our common stock; and the cost or effort required for our shareholders to bring certain claims or actions against us, as a result of our designation of the Court of Chancery of the State of Delaware as the sole and exclusive forum for certain types of actions and proceedings. Except for any ongoing obligations to disclose material information as required by federal securities laws, the Company does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. The inclusion of any statement in this press release does not constitute an admission by the Company or any other person that the events or circumstances described in such statement are material. Fiscal Quarter Ended Two Fiscal Quarters Ended June 28, 2025 June 29, 2024 June 28, 2025 June 29, 2024 Net sales $ 585,313 $ 564,434 $ 1,215,139 $ 1,225,926 Cost of goods sold 303,553 281,497 642,289 627,799 Gross profit 281,760 282,937 572,850 598,127 Royalty income, net 3,249 4,004 8,580 9,220 Selling, general, and administrative expenses 280,965 247,489 551,284 512,859 Operating income 4,044 39,452 30,146 94,488 Interest expense 7,857 7,870 15,676 15,775 Interest income (4,292 ) (3,186 ) (7,434 ) (6,274 ) Other (income) expense, net (1,224 ) 404 (1,148 ) 678 Income before income taxes 1,703 34,364 23,052 84,309 Income tax provision 1,257 6,725 7,067 18,637 Net income $ 446 $ 27,639 $ 15,985 $ 65,672 Basic net income per common share $ 0.01 $ 0.76 $ 0.43 $ 1.80 Diluted net income per common share $ 0.01 $ 0.76 $ 0.43 $ 1.80 Dividend declared and paid per common share $ 0.25 $ 0.80 $ 1.05 $ 1.60 CARTER'S, INC. BUSINESS SEGMENT RESULTS (dollars in thousands) (unaudited) Fiscal Quarter Ended Two Fiscal Quarters Ended June 28, 2025 % of Total Net Sales June 29, 2024 % of Total Net Sales June 28, 2025 % of Total Net Sales June 29, 2024 % of Total Net Sales Net sales: U.S. Retail $ 299,549 51.2 % $ 290,249 51.4 % $ 593,980 48.9 % $ 597,890 48.8 % U.S. Wholesale 192,998 33.0 % 192,911 34.2 % 443,094 36.5 % 457,042 37.3 % International 92,766 15.8 % 81,274 14.4 % 178,065 14.6 % 170,994 13.9 % Total consolidated net sales $ 585,313 100.0 % $ 564,434 100.0 % $ 1,215,139 100.0 % $ 1,225,926 100.0 % Segment operating income (1): Segment operating margin Segment operating margin Segment operating margin Segment operating margin U.S. Retail $ 3,768 1.3 % $ 18,078 6.2 % $ 6,076 1.0 % $ 32,372 5.4 % U.S. Wholesale 27,062 14.0 % 36,207 18.8 % 82,372 18.6 % 99,535 21.8 % International 3,607 3.9 % 5,557 6.8 % 3,391 1.9 % 7,744 4.5 % Total segment operating income $ 34,437 5.9 % $ 59,842 10.6 % $ 91,839 7.6 % $ 139,651 11.4 % Items not included in segment operating income: Consolida- ted operating margin Consolida- ted operating margin Consolida- ted operating margin Consolida- ted operating margin Unallocated corporate expenses (2) $ (22,687 ) n/a $ (20,390 ) n/a $ (44,699 ) n/a $ (45,163 ) n/a Operating model improvement costs (3) (6,638 ) n/a — n/a (9,800 ) n/a — n/a Leadership transition costs (4) (1,068 ) n/a — n/a (7,194 ) n/a — n/a Consolidated operating income $ 4,044 0.7 % $ 39,452 7.0 % $ 30,146 2.5 % $ 94,488 7.7 % (1) In fiscal 2024, the Company changed its measure of segment profitability to segment operating income. Segment operating income includes net sales, royalty income, and related cost of goods sold and selling, general, and administrative expenses attributable to each segment. Segment operating income excludes unallocated corporate expenses as well as specific charges that are not directly attributable to segment operations, including restructuring costs, operating model improvement costs, leadership transition costs, and impairment charges related to goodwill and indefinite-lived intangible assets, which were included in our previous measure of segment profitability. Prior period segment operating income for the fiscal quarter and two fiscal quarters ended June 29, 2024 have been recast to conform to the current presentation. (2) Unallocated corporate expenses include corporate overhead expenses that are not directly attributable to one of our business segments and include unallocated accounting, finance, legal, human resources, and information technology expenses, occupancy costs for our corporate headquarters, and other benefit and compensation programs, including performance-based compensation. (3) Primarily related to third-party consulting costs. Note: Results may not be additive due to rounding. CARTER'S, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (dollars in thousands, except per share data) (unaudited) June 28, 2025 December 28, 2024 June 29, 2024 ASSETS Current assets: Cash and cash equivalents $ 338,183 $ 412,926 $ 316,646 Accounts receivable, net of allowance for credit losses of $6,340, $5,663, and $4,895, respectively 140,352 194,834 132,360 Finished goods inventories, net of inventory reserves of $10,284, $8,257, and $13,844, respectively 619,074 502,332 599,295 Prepaid expenses and other current assets 60,612 32,580 54,085 Total current assets 1,158,221 1,142,672 1,102,386 Property, plant, and equipment, net of accumulated depreciation of $598,575, $602,670, and $640,751, respectively 188,177 180,956 181,659 Operating lease assets 571,303 577,133 509,168 Tradenames, net 268,777 268,008 298,097 Goodwill 209,016 206,875 209,086 Customer relationships, net 21,854 23,543 25,386 Other assets 38,204 33,980 29,735 Total assets $ 2,455,552 $ 2,433,167 $ 2,355,517 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Accounts payable $ 306,399 $ 248,200 $ 313,796 Current operating lease liabilities 124,002 130,564 128,952 Other current liabilities 95,270 130,052 84,895 Total current liabilities 525,671 508,816 527,643 Long-term debt, net 498,531 498,127 497,735 Deferred income taxes 42,290 38,210 48,910 Long-term operating lease liabilities 501,804 501,503 436,575 Other long-term liabilities 33,354 31,949 32,904 Total liabilities $ 1,601,650 $ 1,578,605 $ 1,543,767 Commitments and contingencies Shareholders' equity: Preferred stock; par value $0.01 per share; 100,000 shares authorized; none issued or outstanding $ — $ — $ — Common stock, voting; par value $0.01 per share; 150,000,000 shares authorized; 36,467,071, 36,041,995, and 36,280,056 shares issued and outstanding, respectively 365 360 363 Additional paid-in capital 14,460 3,856 — Accumulated other comprehensive loss (32,817 ) (43,678 ) (32,814 ) Retained earnings 871,894 894,024 844,201 Total shareholders' equity 853,902 854,562 811,750 Total liabilities and shareholders' equity $ 2,455,552 $ 2,433,167 $ 2,355,517 CARTER'S, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (dollars in thousands) (unaudited) Two Fiscal Quarters Ended June 28, 2025 June 29, 2024 Cash flows from operating activities: Net income $ 15,985 $ 65,672 Adjustments to reconcile net income to net cash (used in) provided by operating activities: Depreciation of property, plant, and equipment 24,967 27,386 Amortization of intangible assets 1,846 1,858 Provision for excess and obsolete inventory, net 1,853 4,986 (Gain) loss on disposal of property, plant and equipment (4 ) 87 Amortization of debt issuance costs 832 809 Stock-based compensation expense 14,941 9,290 Unrealized foreign currency exchange (gain) loss, net (799 ) 109 Provision for doubtful accounts receivable from customers 1,182 285 Unrealized gain on investments (474 ) (1,081 ) Deferred income taxes expense 3,549 7,153 Effect of changes in operating assets and liabilities: Accounts receivable 54,068 50,516 Finished goods inventories (114,014 ) (70,802 ) Prepaid expenses and other assets (30,218 ) (24,320 ) Accounts payable and other liabilities 17,948 19,743 Net cash (used in) provided by operating activities $ (8,338 ) $ 91,691 Cash flows from investing activities: Capital expenditures $ (26,546 ) $ (24,315 ) Net cash used in investing activities $ (26,546 ) $ (24,315 ) Cash flows from financing activities: Dividends paid $ (38,115 ) $ (58,510 ) Repurchases of common stock — (33,778 ) Withholdings from vesting of restricted stock (4,332 ) (7,436 ) Proceeds from exercises of stock options — 367 Other (370 ) — Net cash used in financing activities $ (42,817 ) $ (99,357 ) Net effect of exchange rate changes on cash and cash equivalents 2,958 (2,586 ) Net decrease in cash and cash equivalents $ (74,743 ) $ (34,567 ) Cash and cash equivalents, beginning of period 412,926 351,213 Cash and cash equivalents, end of period $ 338,183 $ 316,646 CARTER'S, INC. (dollars in millions, except earnings per share) (unaudited) Fiscal Quarter Ended June 28, 2025 SG&A % Net Sales Operating Income % Net Sales Income Taxes Net Income Diluted EPS As reported (GAAP) $ 281.0 48.0 % $ 4.0 0.7 % $ 1.3 $ 0.4 $ 0.01 Operating model improvement costs (b) (6.6 ) 6.6 1.6 5.0 0.14 Leadership transition costs (c) (1.1 ) 1.1 0.3 0.8 0.02 As adjusted (a) $ 273.3 46.7 % $ 11.8 2.0 % $ 3.1 $ 6.3 $ 0.17 Two Fiscal Quarters Ended June 28, 2025 SG&A % Net Sales Operating Income % Net Sales Income Taxes Net Income Diluted EPS As reported (GAAP) $ 551.3 45.4 % $ 30.1 2.5 % $ 7.1 $ 16.0 $ 0.43 Operating model improvement costs (b) (9.8 ) 9.8 2.4 7.4 0.21 Leadership transition costs (c) (7.2 ) 7.2 0.6 6.6 0.18 As adjusted (a) $ 534.3 44.0 % $ 47.1 3.9 % $ 10.0 $ 30.1 $ 0.83 (a) In addition to the results provided in this earnings release in accordance with GAAP, the Company has provided adjusted, non-GAAP financial measurements that present SG&A, operating income, income tax, net income, and net income on a diluted share basis excluding the adjustments discussed above. The Company believes these adjustments provide a meaningful comparison of the Company's results and afford investors a view of what management considers to be the Company's core performance. The adjusted, non-GAAP financial measurements included in this earnings release should not be considered as an alternative to net income or as any other measurement of performance derived in accordance with GAAP. The adjusted, non-GAAP financial measurements are presented for informational purposes only and are not necessarily indicative of the Company's future condition or results of operations. (b) Primarily related to third-party consulting costs. Weighted-average number of common and common equivalent shares outstanding: Basic number of common shares outstanding 35,409,988 35,688,755 35,361,039 35,774,748 Dilutive effect of equity awards — 135 605 1,692 Diluted number of common and common equivalent shares outstanding 35,409,988 35,688,890 35,361,644 35,776,440 As reported on a GAAP Basis: (dollars in thousands, except per share data) Basic net income per common share: Net income $ 446 $ 27,639 $ 15,985 $ 65,672 Income allocated to participating securities (231 ) (523 ) (866 ) (1,218 ) Net income available to common shareholders $ 215 $ 27,116 $ 15,119 $ 64,454 Basic net income per common share $ 0.01 $ 0.76 $ 0.43 $ 1.80 Diluted net income per common share: Net income $ 446 $ 27,639 $ 15,985 $ 65,672 Income allocated to participating securities (231 ) (523 ) (866 ) (1,218 ) Net income available to common shareholders $ 215 $ 27,116 $ 15,119 $ 64,454 Diluted net income per common share $ 0.01 $ 0.76 $ 0.43 $ 1.80 As adjusted (a): Basic net income per common share: Net income $ 6,302 $ 27,639 $ 30,052 $ 65,672 Income allocated to participating securities (231 ) (523 ) (866 ) (1,218 ) Net income available to common shareholders $ 6,071 $ 27,116 $ 29,186 $ 64,454 Basic net income per common share $ 0.17 $ 0.76 $ 0.83 $ 1.80 Diluted net income per common share: Net income $ 6,302 $ 27,639 $ 30,052 $ 65,672 Income allocated to participating securities (231 ) (523 ) (866 ) (1,218 ) Net income available to common shareholders $ 6,071 $ 27,116 $ 29,186 $ 64,454 Diluted net income per common share $ 0.17 $ 0.76 $ 0.83 $ 1.80 (a) In addition to the results provided in this earnings release in accordance with GAAP, the Company has provided adjusted, non-GAAP financial measurements that present per share data excluding the adjustments discussed above. The Company has excluded $5.9 million and $14.1 million in after-tax expenses from these results for the fiscal quarter and two fiscal quarters ended June 28, 2025, respectively. Note: Results may not be additive due to rounding. RECONCILIATION OF U.S. GAAP AND NON-GAAP INFORMATION (dollars in millions) (unaudited) The following table provides a reconciliation of net income to EBITDA and Adjusted EBITDA for the periods indicated: Fiscal Quarter Ended Two Fiscal Quarters Ended Four Fiscal Quarters Ended June 28, 2025 June 29, 2024 June 28, 2025 June 29, 2024 June 28, 2025 Net income $ 0.4 $ 27.6 $ 16.0 $ 65.7 $ 135.8 Interest expense 7.9 7.9 15.7 15.8 31.2 Interest income (4.3 ) (3.2 ) (7.4 ) (6.3 ) (12.2 ) Income tax expense 1.3 6.7 7.1 18.6 33.7 Depreciation and amortization 13.6 14.4 26.8 29.2 55.5 EBITDA $ 18.8 $ 53.5 $ 58.1 $ 123.1 $ 244.1 Adjustments to EBITDA Operating model improvement costs (a) $ 6.6 $ — $ 9.8 $ — $ 9.8 Leadership transition costs (b) 1.1 — 7.2 — 7.2 Organizational restructuring (c) — — — — 1.8 Intangible asset impairment (d) — — — — 30.0 Partial pension plan settlement (e) — — — — 0.9 Total adjustments 7.7 — 17.0 — 49.8 Adjusted EBITDA $ 26.5 $ 53.5 $ 75.0 $ 123.1 $ 293.8 (a) Primarily related to third-party consulting costs. (b) Related to costs associated with the transition of our former CEO, including accelerated vesting of outstanding time-based restricted stock awards. (c) Net expenses related to organizational restructuring. (d) Non-cash impairment charge on the OshKosh indefinite-lived tradename asset. (e) Non-cash charge for partial settlement of the OshKosh B'Gosh Pension Plan. Note: Results may not be additive due to rounding. EBITDA and Adjusted EBITDA are supplemental financial measures that are not defined or prepared in accordance with GAAP. We define EBITDA as net income before interest, income taxes, and depreciation and amortization. Adjusted EBITDA is EBITDA adjusted for the items described in footnotes (a) - (e) to the table above. We present EBITDA and Adjusted EBITDA because we consider them important supplemental measures of our performance and believe they are frequently used by securities analysts, investors, and other interested parties in the evaluation of companies in our industry. These measures also afford investors a view of what management considers to be the Company's core performance. The use of EBITDA and Adjusted EBITDA instead of net income or cash flows from operations has limitations as an analytical tool, and you should not consider them in isolation, or as a substitute for analysis of our results as reported under GAAP. EBITDA and Adjusted EBITDA do not represent net income or cash flow from operations as those terms are defined by GAAP and do not necessarily indicate whether cash flows will be sufficient to fund cash needs. While EBITDA, Adjusted EBITDA and similar measures are frequently used as measures of operations and the ability to meet debt service requirements, these terms are not necessarily comparable to other similarly titled captions of other companies due to the potential inconsistencies in the method of calculation. EBITDA and Adjusted EBITDA do not reflect the impact of earnings or charges resulting from matters that we consider not to be indicative of our ongoing operations. Because of these limitations, EBITDA and Adjusted EBITDA should not be considered as discretionary cash available to us for working capital, debt service and other purposes. Two Fiscal Quarters Ended Reported Net Sales June 28, 2025 Impact of Foreign Currency Translation Constant- Currency Net Sales June 28, 2025 Reported Net Sales June 29, 2024 Reported Net Sales % Change Constant- Currency Net Sales % Change Consolidated net sales $ 1,215.1 $ (9.5 ) $ 1,224.6 $ 1,225.9 (0.9 )% (0.1 )% International segment net sales $ 178.1 $ (9.5 ) $ 187.6 $ 171.0 4.1 % 9.7 % Note: Results may not be additive due to rounding. The Company evaluates its net sales on both an 'as reported' and a 'constant currency' basis. The constant currency presentation, which is a non-GAAP measure, excludes the impact of fluctuations in foreign currency exchange rates that occurred between the comparative periods. Constant currency net sales results are calculated by translating current period net sales in local currency to the U.S. dollar amount by using the currency conversion rate for the prior comparative period. The Company consistently applies this approach to net sales for all countries where the functional currency is not the U.S. dollar. The Company believes that the presentation of net sales on a constant currency basis provides useful supplemental information regarding changes in our net sales that were not due to fluctuations in currency exchange rates and such information is consistent with how the Company assesses changes in its net sales between comparative periods.

RadNet, Inc. Announces Date of its Second Quarter 2025 Financial Results Conference Call
RadNet, Inc. Announces Date of its Second Quarter 2025 Financial Results Conference Call

Globe and Mail

timean hour ago

  • Globe and Mail

RadNet, Inc. Announces Date of its Second Quarter 2025 Financial Results Conference Call

LOS ANGELES, July 25, 2025 (GLOBE NEWSWIRE) -- RadNet, Inc. (NASDAQ: RDNT), a national leader in providing high-quality, cost-effective diagnostic imaging services through a network of owned and operated outpatient imaging centers and digital health solutions, announced today that it will host a conference call to discuss its second quarter 2025 financial results on Monday, August 11, 2025 at 7:30 a.m. Pacific Time (10:30 a.m. Eastern Time). Investors are invited to listen to RadNet's conference call by dialing 844-826-3035. International callers can dial 412-317-5195. There will also be simultaneous and archived webcasts available at b m / 2 9070&tp_key=3a3e8702a3. An archived replay of the call will also be available and can be accessed by dialing 844-512-2921 from the U.S., or 412-317-6671 for international callers, and using the passcode 10201853. About RadNet, Inc. RadNet, Inc. is a leading national provider of freestanding, fixed-site diagnostic imaging services in the United States based on the number of locations and annual imaging revenue. RadNet has a network of 401 owned and/or operated outpatient imaging centers. RadNet's markets include Arizona, California, Delaware, Florida, Maryland, New Jersey, New York and Texas. In addition, RadNet provides radiology information technology and artificial intelligence solutions marketed under the DeepHealth brand, teleradiology professional services and other related products and services to customers in the diagnostic imaging industry. Together with contracted radiologists, and inclusive of full-time and per diem employees and technologists, RadNet has a total of over 11,000 employees. For more information, visit

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