Building Resilient Systems: American Water Provides Expertise at 2025 MACRUC
'As extreme weather events become more frequent, the water industry must stay ahead through innovation, smart infrastructure investments and close collaboration with key stakeholders,' said Cheryl Norton, EVP and Chief Operating Officer, American Water.
Laura Runkle, President of Virginia and Maryland American Water, will speak as part of the panel discussion Surviving the Storm: Utilities' Role in Preparing for and Responding to Extreme Weather, joining utility leaders and former utility regulators to address how utilities can build resilience in the face of climate-related challenges.
'As extreme weather events become more frequent, the water industry must stay ahead through innovation, smart infrastructure investments and close collaboration with key stakeholders,' said Cheryl Norton, EVP and Chief Operating Officer, American Water. 'Laura's leadership at MACRUC reflects American Water's commitment to building resilient systems and delivering essential services to our customers and communities every day, in the Mid-Atlantic and across the U.S.'
The panel will focus on strategies that utilities are implementing to strengthen infrastructure, improve preparedness and foster community partnerships to mitigate the impacts of extreme weather events. Runkle will share how American Water is working with regulators and local communities to help ensure safe, reliable service as well as resilient systems that can protect critical services during times of crisis.
'Resilience starts with practical actions like investing in infrastructure using data-driven risk assessment tools and strategies, planning for emergencies and engaging with the communities we serve,' said Runkle. 'I am proud to share how American Water is turning these priorities into reality as we help prepare our systems and customers for the challenges of extreme weather.'
For more information about the 2025 MACRUC Annual Education Conference, visit: http://macruc.org/.
About American Water
American Water (NYSE: AWK) is the largest regulated water and wastewater utility company in the United States. With a history dating back to 1886, We Keep Life Flowing® by providing safe, clean, reliable and affordable drinking water and wastewater services to more than 14 million people with regulated operations in 14 states and on 18 military installations. American Water's 6,700 talented professionals leverage their significant expertise and the company's national size and scale to achieve excellent outcomes for the benefit of customers, employees, investors and other stakeholders.
As one of the fastest growing utilities in the U.S., American Water expects to invest $40 billion to $42 billion in infrastructure repairs and replacement, system resiliency and regulated acquisitions over the next 10 years. The company has a long-standing history of executing its core operations, aligned with sustainable best practices, through its commitments to safety, affordability, customer service, protecting the environment, an inclusive workforce and strengthening communities.
American Water has been recognized as one of Forbes 2025 Most Trusted Companies in America, in addition to being ranked first in the utilities industry category on Forbes America's Best Large Employers List for 2024; recognized on Newsweek's America's Most Responsible Companies 2025 List; ranked on Barron's 100 Most Sustainable U.S. Companies 2024 List; and named one of America's Most JUST companies by JUST Capital and CNBC for its continued commitment to employees, customers, communities and shareholders.
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Toll Brothers at Tesoro Highlands FORT WASHINGTON, Pa., Aug. 19, 2025 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL) ( the nation's leading builder of luxury homes, today announced results for its third quarter ended July 31, 2025. FY 2025's Third Quarter Financial Highlights (Compared to FY 2024's Third Quarter): Net income and earnings per share were $369.6 million and $3.73 per diluted share, compared to net income of $374.6 million and $3.60 per diluted share in FY 2024's third quarter. Pre-tax income was $499.5 million, compared to $503.6 million in FY 2024's third quarter. Home sales revenues were $2.88 billion, up 6% compared to FY 2024's third quarter; delivered homes were 2,959, up 5%. Net signed contract value was $2.41 billion, flat compared to FY 2024's third quarter; contracted homes were 2,388, down 4%. Backlog value was $6.38 billion at third quarter end, down 10% compared to FY 2024's third quarter; homes in backlog were 5,492, down 19%. 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Toll Brothers will be broadcasting live via the Investor Relations section of its website, a conference call hosted by chairman and chief executive officer Douglas C. Yearley, Jr. at 8:30 a.m. (ET) Wednesday, August 20, 2025, to discuss these results and its outlook for the fourth quarter and FY 2025. To access the call, enter the Toll Brothers website, click on the Investor Relations page, and select 'Events & Presentations.' Participants are encouraged to log on at least fifteen minutes prior to the start of the presentation to register and download any necessary software. The call can be heard live with an online replay which will follow. ABOUT TOLL BROTHERSToll Brothers, Inc., a Fortune 500 Company, is the nation's leading builder of luxury homes. The Company was founded 58 years ago in 1967 and became a public company in 1986. Its common stock is listed on the New York Stock Exchange under the symbol 'TOL.' The Company serves first-time, move-up, empty-nester, active-adult, and second-home buyers, as well as urban and suburban renters. Toll Brothers builds in over 60 markets in 24 states: Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Indiana, Maryland, Massachusetts, Michigan, Nevada, New Jersey, New York, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington, as well as in the District of Columbia. The Company operates its own architectural, engineering, mortgage, title, land development, insurance, smart home technology, and landscape subsidiaries. The Company also develops master-planned and golf course communities as well as operates its own lumber distribution, house component assembly, and manufacturing operations. Toll Brothers has been one of Fortune magazine's World's Most Admired Companies™ for 10+ years in a row, and in 2024 the Company's Chairman and CEO Douglas C. Yearley, Jr. was named one of 25 Top CEOs by Barron's magazine. Toll Brothers has also been named Builder of the Year by Builder magazine and is the first two-time recipient of Builder of the Year from Professional Builder magazine. For more information visit Toll Brothers discloses information about its business and financial performance and other matters, and provides links to its securities filings, notices of investor events, and earnings and other news releases, on the Investor Relations section of its website ( From Fortune, ©2025 Fortune Media IP Limited. All rights reserved. Used under license. FORWARD-LOOKING STATEMENTSInformation presented herein for the third quarter ended July 31, 2025 is subject to finalization of the Company's regulatory filings, related financial and accounting reporting procedures and external auditor procedures. This release contains or may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. One can identify these statements by the fact that they do not relate to matters of a strictly historical or factual nature and generally discuss or relate to future events. These statements contain words such as 'anticipate,' 'estimate,' 'expect,' 'project,' 'intend,' 'plan,' 'believe,' 'may,' 'can,' 'could,' 'might,' 'should,' 'likely,' 'will,' and other words or phrases of similar meaning. Such statements may include, but are not limited to, information and statements regarding: market conditions; mortgage rates; inflation rates; demand for our homes; our build- to-order and quick move-in home strategy; sales paces and prices; effects of home buyer cancellations; our strategic priorities; growth and expansion; our land acquisition, land development and capital allocation priorities; anticipated operating results; home deliveries; financial resources and condition; changes in revenues, profitability, margins and returns; changes in accounting treatment; cost of revenues, including expected labor and material costs; availability of labor and materials; selling, general and administrative expenses; interest expense; inventory write-downs; home warranty and construction defect claims; unrecognized tax benefits; anticipated tax refunds; joint ventures in which we are involved; anticipated results from our investments in unconsolidated entities; our ability to acquire land and pursue real estate opportunities; our ability to gain approvals and open new communities; our ability to market, construct and sell homes and properties; our ability to deliver homes from backlog; our ability to secure materials and subcontractors; our ability to produce the liquidity and capital necessary to conduct normal business operations or to expand and take advantage of opportunities; the outcome of legal proceedings, investigations, and claims; management succession plans; and the impact of public health or other emergencies. Any or all of the forward-looking statements included in this release are not guarantees of future performance and may turn out to be inaccurate. This can occur as a result of incorrect assumptions or as a consequence of known or unknown risks and uncertainties. The major risks and uncertainties – and assumptions that are made – that affect our business and may cause actual results to differ from these forward-looking statements include, but are not limited to: the effect of general economic conditions, including employment rates, housing starts, inflation rates, interest and mortgage rates, availability of financing for home mortgages and strength of the U.S. dollar; market demand for our products, which is related to the strength of the various U.S. business segments and U.S. and international economic conditions; the availability of desirable and reasonably priced land and our ability to control, purchase, hold and develop such land; access to adequate capital on acceptable terms; geographic concentration of our operations; levels of competition; the price and availability of lumber, other raw materials, home components and labor; the effect of U.S. trade policies, including the imposition of tariffs and duties on home building products and retaliatory measures taken by other countries; the effects of weather and the risk of loss from earthquakes, volcanoes, fires, floods, droughts, windstorms, hurricanes, pest infestations and other natural disasters, and the risk of delays, reduced consumer demand, unavailability of insurance, and shortages and price increases in labor or materials associated with such natural disasters; risks arising from acts of war, terrorism or outbreaks of contagious diseases, such as Covid-19; federal and state tax policies; transportation costs; the effect of land use, environment and other governmental laws and regulations; legal proceedings or disputes and the adequacy of reserves; risks relating to any unforeseen changes to or effects on liabilities, future capital expenditures, revenues, expenses, earnings, indebtedness, financial condition, losses and future prospects; the effect of potential loss of key management personnel or unsuccessful management transitions; changes in accounting principles; risks related to unauthorized access to our computer systems, theft of our and our homebuyers' confidential information or other forms of cyber-attack; and other factors described in 'Risk Factors' included in our Annual Report on Form 10-K for the year ended October 31, 2024 and in subsequent filings we make with the Securities and Exchange Commission ('SEC'). Many of the factors mentioned above or in other reports or public statements made by us will be important in determining our future performance. Consequently, actual results may differ materially from those that might be anticipated from our forward-looking statements. Forward-looking statements speak only as of the date they are made. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events, or otherwise. For a further discussion of factors that we believe could cause actual results to differ materially from expected and historical results, see the information under the captions 'Risk Factors' and 'Management's Discussion and Analysis of Financial Condition and Results of Operations' in our most recent Annual Report on Form 10-K filed with the SEC and in subsequent reports filed with the SEC. This discussion is provided as permitted by the Private Securities Litigation Reform Act of 1995, and all of our forward-looking statements are expressly qualified in their entirety by the cautionary statements contained or referenced in this section. TOLL BROTHERS, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETS(Amounts in thousands) July 31,2025 October 31,2024 (Unaudited) ASSETS Cash and cash equivalents $ 852,311 $ 1,303,039 Inventory 11,071,549 9,712,925 Property, construction and office equipment - net 448,822 453,007 Receivables, prepaid expenses and other assets 602,623 590,611 Mortgage loans held for sale 185,127 191,242 Customer deposits held in escrow 113,969 109,691 Investments in unconsolidated entities 1,122,420 1,007,417 $ 14,396,821 $ 13,367,932 LIABILITIES AND EQUITY Liabilities: Loans payable $ 1,051,495 $ 1,085,817 Senior notes 1,741,024 1,597,102 Mortgage company loan facility 150,000 150,000 Customer deposits 483,890 488,690 Accounts payable 619,648 492,213 Accrued expenses 2,082,387 1,752,848 Income taxes payable 157,170 114,547 Total liabilities 6,285,614 5,681,217 Equity: Stockholders' Equity Common stock, 112,937 shares issued at July 31, 2025 and October 31, 2024 1,129 1,129 Additional paid-in capital 683,692 694,713 Retained earnings 8,980,140 8,153,356 Treasury stock, at cost — 16,383 and 13,149 shares at July 31, 2025 and October 31, 2024, respectively (1,595,159 ) (1,209,547 ) Accumulated other comprehensive income 25,770 31,277 Total stockholders' equity 8,095,572 7,670,928 Noncontrolling interest 15,635 15,787 Total equity 8,111,207 7,686,715 $ 14,396,821 $ 13,367,932 TOLL BROTHERS, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(Amounts in thousands, except per share data and percentages)(Unaudited) Three Months Ended July 31, Nine Months Ended July 31, 2025 2024 2025 2024 $ % $ % $ % $ % Revenues: Home sales $ 2,880,975 $ 2,724,472 $ 7,428,204 $ 7,303,328 Land sales and other 64,142 3,472 115,121 209,950 2,945,117 2,727,944 7,543,325 7,513,278 Cost of revenues: Home sales 2,142,768 74.4 % 1,977,162 72.6 % 5,526,466 74.4 % 5,339,671 73.1 % Land sales and other 60,958 95.0 % 8,778 252.8 % 110,485 96.0 % 31,918 15.2 % 2,203,726 1,985,940 5,636,951 5,371,589 Gross margin - home sales 738,207 25.6 % 747,310 27.4 % 1,901,738 25.6 % 1,963,657 26.9 % Gross margin - land sales and other 3,184 5.0 % (5,306 ) (152.8 )% 4,636 4.0 % 178,032 84.8 % Selling, general and administrative expenses 253,672 8.8 % 244,813 9.0 % 749,846 10.1 % 712,557 9.8 % Income from operations 487,719 497,191 1,156,528 1,429,132 Other: (Loss) income from unconsolidated entities (1,012 ) (10,514 ) 1,734 (13,799 ) Other income - net 12,793 16,950 40,123 49,234 Income before income taxes 499,500 503,627 1,198,385 1,464,567 Income tax provision 129,879 129,016 298,614 368,781 Net income $ 369,621 $ 374,611 $ 899,771 $ 1,095,786 Per share: Basic earnings $ 3.76 $ 3.64 $ 9.02 $ 10.51 Diluted earnings $ 3.73 $ 3.60 $ 8.95 $ 10.40 Cash dividend declared $ 0.25 $ 0.23 $ 0.73 $ 0.67 Weighted-average number of shares: Basic 98,434 102,980 99,718 104,299 Diluted 99,170 104,014 100,529 105,361 Effective tax rate 26.0% 25.6% 24.9% 25.2% TOLL BROTHERS, INC. AND SUBSIDIARIESSUPPLEMENTAL DATA(Amounts in thousands)(unaudited) Three Months Ended July 31, Nine Months Ended July 31, 2025 2024 2025 2024 Inventory impairments and write-offs included in home sales cost of revenues: Pre-development costs and option write offs $ 15,815 $ 1,759 $ 21,446 $ 4,518 Land owned for operating communities 7,500 3,700 28,085 30,840 $ 23,315 $ 5,459 $ 49,531 $ 35,358 Land and other impairments included in land sales and other cost of revenues $ 720 $ 3,800 $ 2,561 $ 4,400 Other asset write-offs included in Other income - net $ 137 $ 1,800 $ 4,542 $ 6,700 Depreciation and amortization $ 22,337 $ 20,145 $ 60,277 $ 55,428 Interest incurred $ 27,218 $ 28,381 $ 88,656 $ 84,545 Interest expense: Charged to home sales cost of revenues $ 30,163 $ 32,803 $ 80,550 $ 91,121 Charged to land sales and other cost of revenues 1,712 802 2,351 1,821 $ 31,875 $ 33,605 $ 82,901 $ 92,942 Home sites controlled: July 31,2025 July 31,2024 Owned 32,761 36,345 Optioned 43,990 36,384 76,751 72,729 Inventory at July 31, 2025 and October 31, 2024 consisted of the following (amounts in thousands): July 31,2025 October 31,2024 Land deposits and costs of future communities $ 866,503 $ 620,040 Land and land development costs 2,982,669 2,532,221 Land and land development costs associated with homes under construction 3,828,611 3,617,266 Total land and land development costs 7,677,783 6,769,527 Homes under construction 2,851,445 2,458,541 Model homes (1) 542,321 484,857 $ 11,071,549 $ 9,712,925 (1) Includes the allocated land and land development costs associated with each of our model homes in operation. Toll Brothers operates in the following five geographic segments, with operations generally located in the states listed below: North: Connecticut, Delaware, Illinois, Massachusetts, Michigan, New Jersey, New York and Pennsylvania Mid-Atlantic: Georgia, Maryland, North Carolina, Tennessee and Virginia South: Florida, South Carolina and Texas Mountain: Arizona, Colorado, Idaho, Nevada and Utah Pacific: California, Oregon and Washington Three Months Ended July 31, Units $ (Millions) Average Price Per Unit $ 2025 2024 2025 2024 2025 2024 REVENUES North 409 386 $ 438.7 $ 375.1 $ 1,072,600 $ 971,800 Mid-Atlantic 435 362 400.7 335.7 $ 921,200 $ 927,400 South 932 934 757.9 776.3 $ 813,200 $ 831,100 Mountain 816 774 730.2 670.0 $ 894,900 $ 865,700 Pacific 367 358 553.1 566.4 $ 1,507,000 $ 1,581,900 Home Building 2,959 2,814 2,880.6 2,723.5 $ 973,500 $ 967,800 Corporate and other 0.4 1.0 Total home sales 2,959 2,814 2,881.0 2,724.5 $ 973,600 $ 968,200 Land sales and other 64.1 3.5 Total Consolidated $ 2,945.1 $ 2,728.0 CONTRACTS North 407 329 $ 431.3 $ 334.7 $ 1,059,600 $ 1,017,300 Mid-Atlantic 385 354 369.0 340.4 $ 958,400 $ 961,600 South 659 763 524.2 626.9 $ 795,500 $ 821,600 Mountain 653 721 575.6 658.1 $ 881,500 $ 912,700 Pacific 284 323 511.9 447.4 $ 1,802,500 $ 1,385,100 Total Consolidated 2,388 2,490 $ 2,412.0 $ 2,407.5 $ 1,010,100 $ 966,900 BACKLOG North 907 998 $ 1,021.2 $ 1,067.7 $ 1,126,000 $ 1,069,800 Mid-Atlantic 856 904 956.2 906.3 $ 1,117,100 $ 1,002,600 South 1,659 2,173 1,543.3 1,972.2 $ 930,200 $ 907,600 Mountain 1,317 1,838 1,410.8 1,824.8 $ 1,071,200 $ 992,800 Pacific 753 856 1,444.7 1,295.6 $ 1,918,600 $ 1,513,600 Total Consolidated 5,492 6,769 $ 6,376.2 $ 7,066.6 $ 1,161,000 $ 1,044,000 Note: Due to rounding, amounts in the geographic tables may not add. Nine Months Ended July 31, Units $ (Millions) Average Price Per Unit $ 2025 2024 2025 2024 2025 2024 REVENUES North 1,045 1,024 $ 1,071.9 $ 983.0 $ 1,025,700 $ 960,000 Mid-Atlantic 1,080 1,017 958.7 976.0 $ 887,700 $ 959,700 South 2,456 2,369 2,022.8 1,967.5 $ 823,600 $ 830,500 Mountain 2,335 1,945 2,042.8 1,727.0 $ 874,900 $ 887,900 Pacific 933 1,027 1,332.4 1,650.0 $ 1,428,100 $ 1,606,600 Home Building 7,849 7,382 7,428.6 7,303.5 $ 946,400 $ 989,400 Corporate and other (0.4 ) (0.2 ) Total home sales 7,849 7,382 7,428.2 7,303.3 $ 946,400 $ 989,300 Land sales and other 115.1 210.0 Total Consolidated $ 7,543.3 $ 7,513.3 CONTRACTS North 1,097 1,066 $ 1,154.9 $ 1,085.7 $ 1,052,800 $ 1,018,500 Mid-Atlantic 1,150 976 1,089.2 928.0 $ 947,100 $ 950,800 South 2,112 2,230 1,754.2 1,843.6 $ 830,600 $ 826,700 Mountain 2,057 2,206 1,805.2 1,971.5 $ 877,600 $ 893,700 Pacific 929 1,095 1,520.1 1,584.5 $ 1,636,300 $ 1,447,000 Total Consolidated 7,345 7,573 $ 7,323.6 $ 7,413.3 $ 997,100 $ 978,900 RECONCILIATION OF NON-GAAP MEASURES This press release contains, and Company management's discussion of the results presented in this press release may include, information about the Company's adjusted home sales gross margin, adjusted net income, adjusted diluted earnings per share and the Company's net debt-to-capital ratio. These four measures are non-GAAP financial measures which are not calculated in accordance with generally accepted accounting principles ('GAAP'). These non-GAAP financial measures should not be considered a substitute for, or superior to, the comparable GAAP financial measures, and may be different from non-GAAP measures used by other companies in the home building business. The Company's management considers these non-GAAP financial measures as we make operating and strategic decisions and evaluate our performance, including against other home builders that may use similar non-GAAP financial measures. The Company's management believes these non-GAAP financial measures are useful to investors in understanding our operations and leverage and may be helpful in comparing the Company to other home builders to the extent they provide similar information. Adjusted Home Sales Gross Margin The following table reconciles the Company's home sales gross margin as a percentage of home sales revenues (calculated in accordance with GAAP) to the Company's adjusted home sales gross margin (a non-GAAP financial measure). Adjusted home sales gross margin is calculated as (i) home sales gross margin plus interest recognized in home sales cost of revenues plus inventory write-downs recognized in home sales cost of revenues divided by (ii) home sales revenues. Adjusted Home Sales Gross Margin Reconciliation(Amounts in thousands, except percentages) Three Months Ended July 31, Nine Months Ended July 31, 2025 2024 2025 2024 Revenues - home sales $ 2,880,975 $ 2,724,472 $ 7,428,204 $ 7,303,328 Cost of revenues - home sales 2,142,768 1,977,162 5,526,466 5,339,671 Home sales gross margin 738,207 747,310 1,901,738 1,963,657 Add: Interest recognized in cost of revenues - home sales 30,163 32,803 80,550 91,121 Inventory impairments and write-offs in cost of revenues - home sales 23,315 5,459 49,531 35,358 Adjusted home sales gross margin $ 791,685 $ 785,572 $ 2,031,819 $ 2,090,136 Home sales gross margin as a percentage of home sale revenues 25.6 % 27.4 % 25.6 % 26.9 % Adjusted home sales gross margin as a percentage of home sale revenues 27.5 % 28.8 % 27.4 % 28.6 % The Company's management believes adjusted home sales gross margin is a useful financial measure to investors because it allows them to evaluate the performance of our home building operations without the often varying effects of capitalized interest costs and inventory impairments. The use of adjusted home sales gross margin also assists the Company's management in assessing the profitability of our home building operations and making strategic decisions regarding community location and product mix. Forward-looking Adjusted Home Sales Gross MarginThe Company has not provided projected fourth quarter and full FY 2025 home sales gross margin or a GAAP reconciliation for forward-looking adjusted home sales gross margin because such measure cannot be provided without unreasonable efforts on a forward-looking basis, since inventory write-downs are based on future activity and observation and therefore cannot be projected for the fourth quarter and full FY 2025. The variability of these charges may have a potentially unpredictable, and potentially significant, impact on our fourth quarter and full FY 2025 home sales gross margin. Adjusted Net Income and Diluted Earnings Per Share ReconciliationThe following table reconciles the Company's net income and earnings per share (calculated in accordance with GAAP) to the Company's adjusted net income and diluted earnings per share (a non-GAAP financial measure). Adjusted Net Income and Diluted Per Share Reconciliation(Amounts in thousands, except per share data) Three Months Ended July 31, Nine Months Ended July 31, 2025 2024 2025 2024 Net income $ 369,621 $ 374,611 $ 899,771 $ 1,095,786 Subtract: Net income resulting from the sale of a parcel of land to a commercial developer — — — (124,119 ) Adjusted net income $ 369,621 $ 374,611 $ 899,771 $ 971,667 Diluted earnings per share $ 3.73 $ 3.60 $ 8.95 $ 10.40 Subtract: Diluted earnings per share resulting from the sale of a parcel of land to a commercial developer — — — (1.18 ) Adjusted diluted earnings per share $ 3.73 $ 3.60 $ 8.95 $ 9.22 Net Debt-to-Capital RatioThe following table reconciles the Company's ratio of debt to capital (calculated in accordance with GAAP) to the Company's net debt-to-capital ratio (a non-GAAP financial measure). The net debt-to-capital ratio is calculated as (i) total debt minus mortgage warehouse loans minus cash and cash equivalents divided by (ii) total debt minus mortgage warehouse loans minus cash and cash equivalents plus stockholders' equity. Net Debt-to-Capital Ratio Reconciliation(Amounts in thousands, except percentages) July 31, 2025 April 30, 2025 October 31, 2024 Loans payable $ 1,051,495 $ 1,052,710 $ 1,085,817 Senior notes 1,741,024 1,597,544 1,597,102 Mortgage company loan facility 150,000 150,000 150,000 Total debt 2,942,519 2,800,254 2,832,919 Total stockholders' equity 8,095,572 7,948,725 7,670,928 Total capital $ 11,038,091 $ 10,748,979 $ 10,503,847 Ratio of debt-to-capital 26.7 % 26.1 % 27.0 % Total debt $ 2,942,519 $ 2,800,254 $ 2,832,919 Less: Mortgage company loan facility (150,000 ) (150,000 ) (150,000 ) Cash and cash equivalents (852,311 ) (686,466 ) (1,303,039 ) Total net debt 1,940,208 1,963,788 1,379,880 Total stockholders' equity 8,095,572 7,948,725 7,670,928 Total net capital $ 10,035,780 $ 9,912,513 $ 9,050,808 Net debt-to-capital ratio 19.3 % 19.8 % 15.2 % The Company's management uses the net debt-to-capital ratio as an indicator of its overall leverage and believes it is a useful financial measure to investors in understanding the leverage employed in the Company's operations. CONTACT: Gregg Ziegler (215) 478-3820 gziegler@ A photo accompanying this announcement is available at in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
28 minutes ago
- Business Wire
The Estée Lauder Companies Nominates Dana Strong, CBE and Annabelle Yu Long
NEW YORK--(BUSINESS WIRE)--The Estée Lauder Companies Inc. (NYSE:EL) announced today that Dana Strong, CBE and Annabelle Yu Long have been nominated by its Board of Directors for election as directors at the upcoming annual meeting of stockholders to be held on November 13, 2025. Ms. Strong and Ms. Long are globally respected leaders whose careers have been defined by visionary leadership, strategic insight, and strong track records of driving growth and operational excellence at consumer-focused, high-performing companies. Their nominations underscore the company's commitment to cultivating a board with deep, strategically aligned expertise across digital, operational and turnaround transformations, Asia/Pacific business matters, direct-to-consumer marketing, and technology. 'We are pleased to nominate Dana and Annabelle for election to our Board,' said William P. Lauder, Chair of the Board of Directors, The Estée Lauder Companies. 'We are confident that they will bring a distinct and highly relevant blend of global, digital, consumer innovation and business transformation experience. Combined, their deep expertise in turnaround leadership, media, consumer engagement, and the Asia/Pacific region will be instrumental as we continue to drive long-term growth, agility, and transformation across our portfolio.' Dana Strong, CBE: Global Media, Digital and Operations Executive Ms. Strong currently serves as CEO of Sky, part of Comcast Corporation, where she oversees a broad media and entertainment business across six countries in Europe. With more than 25 years of experience leading some of the world's most recognized media brands, including Sky, Xfinity, Virgin Media, and AUSTAR, Ms. Strong brings strategic acumen across direct-to-consumer, digital innovation and operational transformation capabilities. Ms. Strong has a proven track record of transformational leadership and innovation, spearheading Sky's shift from traditional media distribution to digital and streaming platforms. She launched services such as Sky Glass and Sky Stream, expanded Sky Mobile, and repositioned and expanded Sky's sports and original content portfolio. Previously, as President of Xfinity Consumer Services, she successfully led the most significant revenue segment of Comcast, the largest broadband provider and one of the largest distributors of entertainment in the United States. With extensive international experience across the United Kingdom, Ireland, Australia, and the U.S., Ms. Strong has demonstrated agility in diverse regulatory, cultural, and business environments. She currently serves on The Wharton School of Business EMEA Advisory Board and previously served on the board of Telenet Group. Annabelle Yu Long: Managing Partner, Board Member and Asia Markets Strategist Ms. Long is an experienced venture capitalist and board member with a strong background in digital innovation, and business operations in Asia/Pacific. She currently serves as Founding and Managing Partner of BAI Capital, a venture capital firm focused on businesses operating in Asia and beyond with investments across AI, fintech, consumer retail, media and content innovation. Additionally, Ms. Long is a member of the Group Management Committee of Bertelsmann, where she contributes to global corporate strategy and development, and where she has led Bertelsmann's China growth strategy and its transformation into a well-regarded global investment powerhouse. Ms. Long also sits on several public boards, including Tapestry Inc. (parent company of Coach and Kate Spade), NIO Inc. (an electric car company) and LexinFintech Holdings Ltd. (a credit technology-empowered personal finance service provider). She is also on the board of The Hongkong and Shanghai Banking Corporation Limited. Named to Forbes' Midas List in 2024 and Asia's Power Businesswomen in 2020, Ms. Long brings strategic insight on Asian consumer behavior, technology disruption, and public company governance. Cautionary Note Regarding Forward-Looking Statements Statements in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include those in the various quotations. Although the Company believes that its expectations are based on reasonable assumptions within the bounds of its knowledge of its business and operations, actual results may differ materially from the Company's expectations. Factors that could cause actual results to differ from expectations include the ability to successfully implement its strategy, including the Company's profit recovery and growth plan; successfully transition its leadership; and those other factors described in the Company's filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K. The Company assumes no responsibility to update forward-looking statements made herein or otherwise. About The Estée Lauder Companies The Estée Lauder Companies Inc. is one of the world's leading manufacturers, marketers, and sellers of quality skin care, makeup, fragrance, and hair care products, and is a steward of luxury and prestige brands globally. The Company's products are sold in approximately 150 countries and territories under brand names including: Estée Lauder, Aramis, Clinique, Lab Series, Origins, M·A·C, La Mer, Bobbi Brown Cosmetics, Aveda, Jo Malone London, Bumble and bumble, Darphin Paris, TOM FORD, Smashbox, AERIN Beauty, Le Labo, Editions de Parfums Frédéric Malle, GLAMGLOW, KILIAN PARIS, Too Faced, the DECIEM family of brands, including The Ordinary and NIOD, and BALMAIN Beauty. ELC-C
