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Associated Press
04-07-2025
- Business
- Associated Press
UMC Reports Sales for June 2025
TAIPEI, Taiwan--(BUSINESS WIRE)--Jul 4, 2025-- United Microelectronics Corporation (NYSE: UMC; TWSE: 2303) ('UMC'), today reported unaudited net sales for the month of June 2025. Additional information about UMC is available on the web at View source version on CONTACT: Michael Lin / David Wong UMC, Investor Relations Tel: + 886-2-2658-9168, ext. 16900 Email:[email protected] [email protected] KEYWORD: UNITED STATES TAIWAN NORTH AMERICA ASIA PACIFIC INDUSTRY KEYWORD: SEMICONDUCTOR ELECTRONIC DESIGN AUTOMATION MOBILE/WIRELESS TECHNOLOGY TELECOMMUNICATIONS SOURCE: United Microelectronics Corporation Copyright Business Wire 2025. PUB: 07/04/2025 04:00 AM/DISC: 07/04/2025 04:00 AM
Yahoo
04-07-2025
- Business
- Yahoo
UMC Reports Sales for June 2025
TAIPEI, Taiwan, July 04, 2025--(BUSINESS WIRE)--United Microelectronics Corporation (NYSE: UMC; TWSE: 2303) ("UMC"), today reported unaudited net sales for the month of June 2025. Revenues for June 2025 Period 2025 2024 Y/Y Change Y/Y (%) June 18,823,070 17,548,413 1,274,657 7.26% Jan.-June 116,616,614 111,431,389 5,185,225 4.65% (*) All figures in thousands of New Taiwan Dollars (NT$), except for percentages. (**) All figures are consolidated Additional information about UMC is available on the web at View source version on Contacts Michael Lin / David WongUMC, Investor Relations Tel: + 886-2-2658-9168, ext. 16900Email: jinhong_lin@ david_wong@ Connectez-vous pour accéder à votre portefeuille
Yahoo
01-07-2025
- Business
- Yahoo
MSC INDUSTRIAL SUPPLY CO. REPORTS FISCAL 2025 THIRD QUARTER RESULTS
FISCAL 2025 Q3 HIGHLIGHTS Net sales of $971.1 million decreased 0.8% YoY Operating income of $82.7 million, or $87.2 million on an adjusted basis1 Operating margin of 8.5%, or 9.0% on an adjusted basis1 Diluted EPS of $1.02 vs. $1.27 in the prior fiscal year quarter Adjusted diluted EPS of $1.08 vs. $1.33 in the prior fiscal year quarter1 MELVILLE, N.Y. and DAVIDSON, N.C., July 1, 2025 /PRNewswire/ -- MSC INDUSTRIAL SUPPLY CO. (NYSE: MSM) ("MSC," "MSC Industrial," the "Company," "we," "us," or "our"), a leading North American distributor of a broad range of metalworking and maintenance, repair and operations (MRO) products and services, today reported financial results for its fiscal 2025 third quarter ended May 31, 2025. Financial Highlights 2FY25 Q3FY24 Q3ChangeFY25 YTDFY24 YTDChange Net Sales$ 971.1$ 979.4(0.8) %$ 2,791.3$ 2,868.7(2.7) % Income from Operations $ 82.7$ 106.8(22.5) %$ 217.3$ 299.5(27.5) % Operating Margin 8.5 %10.9 %7.8 %10.4 % Net Income Attributable to MSC$ 56.8$ 71.7(20.7) %$ 142.8$ 202.9(29.6) % Diluted EPS$ 1.02 3 $ 1.27 4 (19.7) %$ 2.55 3 $ 3.59 4 (29.0) %Adjusted Financial Highlights 2FY25 Q3FY24 Q3ChangeFY25 YTDFY24 YTDChange Net Sales$ 971.1$ 979.4(0.8) %$ 2,791.3$ 2,868.7(2.7) % Adjusted Income from Operations 1$ 87.2$ 111.5(21.8) %$ 225.5$ 313.0(28.0) % Adjusted Operating Margin 19.0 %11.4 %8.1 %10.9 % Adjusted Net Income Attributable to MSC 1$ 60.2$ 75.2(19.9) %$ 149.0$ 213.2(30.1) % Adjusted Diluted EPS 1$ 1.08 3 $ 1.33 4 (18.8) %$ 2.67 3 $ 3.77 4 (29.2) %1 Represents a non-GAAP financial measure. An explanation and a reconciliation of each non-GAAP financial measure to the most directly comparable GAAP financial measure are presented in the schedules accompanying this press release. 2 In millions except percentages and per share data or as otherwise noted. 3 Based on 55.8 million and 55.9 million weighted-average diluted shares outstanding for FY25 Q3 and FY25 YTD, respectively. 4 Based on 56.4 million and 56.5 million weighted-average diluted shares outstanding for FY24 Q3 and FY24 YTD, respectively. Erik Gershwind, Chief Executive Officer, said, "We delivered fiscal third quarter results that were in line with our expectations for both average daily sales and operating margins. While we certainly have plenty of room for improvement, we saw early signs of progress in each of our three critical strategic areas of focus — reenergizing the core customer, maintaining momentum in high-touch solutions, and optimizing our cost to serve." Kristen Actis-Grande, Executive Vice President and Chief Financial Officer, added, "Average daily sales declined 0.8% year-over-year, slightly ahead of the midpoint of our outlook, driven by benefits from price and improving performance in volumes. During the fiscal third quarter, we leveraged our strong free cash flow performance and balance sheet to return approximately $56 million to shareholders in the form of dividends and share repurchases, resulting in approximately $181 million returned to shareholders fiscal year-to-date." Gershwind concluded, "The fiscal third quarter included encouraging data points, such as core customer sequential improvement, continued momentum in our high-touch solutions and a building productivity pipeline. Looking longer term, we remain steadfast in our commitment to restoring performance consistent with our long-term objectives of growing to 400 basis points or more above the IP Index and expanding operating margins to the mid-teens." Fourth Quarter Fiscal 2025 Financial Outlook ADS Growth (YoY) (0.5)% - 1.5% Adjusted Operating Margin1 8.5% - 9.0%Full-Year Fiscal 2025 Outlook for Certain Financial Metrics Maintained Depreciation and amortization expense of ~$90M-$95M Interest and other expense of ~$45M Capital expenditures of ~$100M-$110M Free cash flow conversion1 of ~120% Tax rate of ~24.5%-25.0% 1 Guidance provided is a non-GAAP figure presented on an adjusted basis. For further details see the Non-GAAP financial measures information presented in the schedules accompanying this press Call InformationMSC will host a conference call today at 8:30 a.m. EDT to review the Company's fiscal 2025 third quarter results. The call, accompanying slides, and other operational statistics may be accessed at: The conference call may also be accessed at 1-877-443-5575 (U.S.), 1-855-669-9657 (Canada) or 1-412-902-6618 (international). An online archive of the broadcast will be available until July 15, 2025. The Company's reporting date for its fiscal 2025 fourth quarter and full year results is scheduled for October 23, 2025. Contact InformationInvestors: Media: Ryan Mills, CFA Zivanai Mutize Head of Investor Relations Head of Corporate Communications Rmills@ About MSC Industrial Supply Industrial Supply Co. (NYSE:MSM) is a leading North American distributor of a broad range of metalworking and maintenance, repair and operations (MRO) products and services. We help our customers drive greater productivity, profitability and growth with approximately 2.4 million products, inventory management and other supply chain solutions, and deep expertise from more than 80 years of working with customers across industries. Our experienced team of more than 7,000 associates works with our customers to help drive results for their businesses - from keeping operations running efficiently today to continuously rethinking, retooling and optimizing for a more productive tomorrow. For more information on MSC Industrial, please visit Cautionary Note Regarding Forward-Looking StatementsStatements in this press release may constitute "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. All statements, other than statements of present or historical fact, that address activities, events or developments that MSC expects, believes or anticipates will or may occur in the future, including statements about results of operations and financial condition, expected future results, expected benefits from our investment and strategic plans and other initiatives, and expected future growth and profitability, are forward-looking statements. The words "will," "may," "believes," "anticipates," "thinks," "expects," "estimates," "plans," "intends" and similar expressions are intended to identify forward-looking statements. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those anticipated by these forward-looking statements. In addition, statements which refer to expectations, projections or other characterizations of future events or circumstances, statements involving a discussion of strategy, plans or intentions, statements about management's assumptions, projections or predictions of future events or market outlook and any other statement other than a statement of present or historical fact are forward-looking statements. The inclusion of any statement in this press release does not constitute an admission by MSC or any other person that the events or circumstances described in such statement are material. In addition, new risks may emerge from time to time and it is not possible for management to predict such risks or to assess the impact of such risks on our business or financial results. Accordingly, future results may differ materially from historical results or from those discussed or implied by these forward-looking statements. Given these risks and uncertainties, the reader should not place undue reliance on these forward-looking statements. These risks and uncertainties include, but are not limited to, the following: general economic conditions in the markets in which we operate; changing customer and product mixes; volatility in commodity, energy and labor prices, and the impact of prolonged periods of low, high or rapid inflation; competition, including the adoption by competitors of aggressive pricing strategies or sales methods; industry consolidation and other changes in the industrial distribution sector; the applicability of laws and regulations relating to our status as a supplier to the U.S. government and public sector; the credit risk of our customers; our ability to accurately forecast customer demands; interruptions in our ability to make deliveries to customers; supply chain disruptions; our ability to attract and retain sales and customer service personnel; the risk of loss of key suppliers or contractors or key brands; changes to trade policies or trade relationships, including tariff policies; risks associated with opening or expanding our customer fulfillment centers; our ability to estimate the cost of healthcare claims incurred under our self-insurance plan; interruption of operations at our headquarters or customer fulfillment centers; products liability due to the nature of the products that we sell; impairments of goodwill and other indefinite-lived intangible assets; the impact of climate change; operating and financial restrictions imposed by the terms of our material debt instruments; our ability to access additional liquidity; the significant influence that our principal shareholders will continue to have over our decisions; our ability to execute on our E-commerce strategies and maintain our digital platforms; costs associated with maintaining our information technology ("IT") systems and complying with data privacy laws; disruptions or breaches of our IT systems or violations of data privacy laws, including such disruptions or breaches in connection with our E-commerce channels; risks related to online payment methods and other online transactions; our ability to remediate a material weakness in our internal control over financial reporting and to maintain effective internal control over financial reporting and our disclosure controls and procedures in the future; the retention of key management personnel; litigation risk due to the nature of our business; failure to comply with environmental, health, and safety laws and regulations; and our ability to comply with, and the costs associated with, social and environmental responsibility policies. Additional information concerning these and other risks is described under "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our Annual and Quarterly Reports on Forms 10-K and 10-Q, respectively, and in the other reports and documents that we file with the United States Securities and Exchange Commission. We expressly disclaim any obligation to update any of these forward-looking statements, except to the extent required by applicable law. MSC INDUSTRIAL DIRECT CO., INC. Condensed Consolidated Balance Sheets (In thousands) May 31,2025August 31,2024 ASSETS (Unaudited) Current Assets: Cash and cash equivalents $ 71,692$ 29,588 Accounts receivable, net of allowance for credit losses 410,553412,122 Inventories 649,363643,904 Prepaid expenses and other current assets 105,155102,475 Total current assets 1,236,7631,188,089 Property, plant and equipment, net 343,996360,255 Goodwill 723,457723,894 Identifiable intangibles, net 89,443101,147 Operating lease assets 54,31258,649 Other assets 27,62330,279 Total assets $ 2,475,594$ 2,462,313 LIABILITIES AND SHAREHOLDERS' EQUITYCurrent Liabilities:Current portion of debt including obligations under finance leases $ 236,060$ 229,911 Current portion of operating lease liabilities 22,69121,941 Accounts payable 212,968205,933 Accrued expenses and other current liabilities 172,546147,642 Total current liabilities 644,265605,427 Long-term debt including obligations under finance leases 284,973278,853 Noncurrent operating lease liabilities 32,24237,468 Deferred income taxes and tax uncertainties 138,549139,283 Total liabilities 1,100,0291,061,031 Commitments and ContingenciesShareholders' Equity: Preferred Stock —— Class A Common Stock 5757 Additional paid-in capital 1,083,1751,070,269 Retained earnings 423,532456,850 Accumulated other comprehensive loss (21,669)(21,144) Class A treasury stock, at cost (118,006)(114,235) Total MSC Industrial shareholders' equity 1,367,0891,391,797 Noncontrolling interest 8,4769,485 Total shareholders' equity 1,375,5651,401,282 Total liabilities and shareholders' equity $ 2,475,594$ 2,462,313 MSC INDUSTRIAL DIRECT CO., INC. Condensed Consolidated Statements of Income (In thousands, except per share data) (Unaudited) Thirteen Weeks EndedThirty-Nine Weeks EndedMay 31,2025June 1,2024May 31,2025June 1,2024 Net sales $ 971,145$ 979,350$ 2,791,346$ 2,868,667 Cost of goods sold 573,406578,9031,650,1901,686,492 Gross profit 397,739400,4471,141,1561,182,175 Operating expenses 312,324288,991917,465870,859 Restructuring and other costs 2,6804,6906,43011,787 Income from operations 82,735106,766217,261299,529 Other income (expense): Interest expense (6,031)(6,884)(18,332)(19,155) Interest income 368134942302 Other expense, net (1,958)(4,680)(12,442)(14,067) Total other expense (7,621)(11,430)(29,832)(32,920) Income before provision for income taxes 75,11495,336187,429266,609 Provision for income taxes 18,25324,02445,72764,604 Net income 56,86171,312141,702202,005 Less: Net income (loss) attributable to noncontrolling interest 16(393)(1,080)(897) Net income attributable to MSC Industrial $ 56,845$ 71,705$ 142,782$ 202,902 Per share data attributable to MSC Industrial: Net income per common share: Basic $ 1.02$ 1.28$ 2.56$ 3.60 Diluted $ 1.02$ 1.27$ 2.55$ 3.59 Weighted-average shares used in computing net income per common share: Basic 55,69456,21455,79556,323 Diluted 55,76556,35155,89556,514 MSC INDUSTRIAL DIRECT CO., INC. Condensed Consolidated Statements of Comprehensive Income (In thousands) (Unaudited) Thirteen Weeks EndedThirty-Nine Weeks EndedMay 31,2025June 1,2024May 31,2025June 1,2024 Net income, as reported $ 56,861$ 71,312$ 141,702$ 202,005 Other comprehensive income, net of tax: Foreign currency translation adjustments 6,208(217)(454)244 Comprehensive income 63,06971,095141,248202,249 Comprehensive income attributable to noncontrolling interest:Net (income) loss (16)3931,080897 Foreign currency translation adjustments (362)4(71)(72) Comprehensive income attributable to MSC Industrial $ 62,691$ 71,492$ 142,257$ 203,074 MSC INDUSTRIAL DIRECT CO., INC. Condensed Consolidated Statements of Cash Flows (In thousands)(Unaudited) Thirty-Nine Weeks EndedMay 31,2025June 1,2024 Cash Flows from Operating Activities:Net income $ 141,702$ 202,005 Adjustments to reconcile net income to net cash provided by operating activities:Depreciation and amortization 67,50160,288 Amortization of cloud computing arrangements 1,4391,437 Non-cash operating lease cost 17,56316,679 Stock-based compensation 10,39713,347 Loss on disposal of property, plant and equipment 575363 Loss on sale of property 1,167— Non-cash changes in fair value of estimated contingent consideration 293661 Provision for credit losses 5,6995,180 Expenditures for cloud computing arrangements (4,430)(17,161) Deferred income taxes and tax uncertainties (726)(1,072) Changes in operating assets and liabilities: Accounts receivable (3,806)12,586 Inventories (4,761)64,251 Prepaid expenses and other current assets (2,335)4,488 Operating lease liabilities (17,700)(16,974) Other assets 623,272 Accounts payable and accrued liabilities 40,821(45,917) Total adjustments 111,759101,428 Net cash provided by operating activities 253,461303,433 Cash Flows from Investing Activities:Expenditures for property, plant and equipment (71,109)(73,354) Cash used in acquisitions, net of cash acquired (790)(9,859) Net proceeds from sale of property 30,336— Net cash used in investing activities (41,563)(83,213) Cash Flows from Financing Activities:Repurchases of Class A Common Stock (39,138)(167,166) Payments of regular cash dividends (142,252)(140,695) Proceeds from sale of Class A Common Stock in connection with Associate Stock Purchase Plan 3,1933,465 Proceeds from exercise of Class A Common Stock options 1208,833 Borrowings under credit facilities 239,250359,000 Payments under credit facilities (226,750)(309,000) Contingent consideration paid (3,500)— Borrowings under financing obligations 6993,850 Payments under Shelf Facility Agreements and Private Placement Debt —(50,000) Proceeds from other long-term debt —50,000 Other, net (1,220)(2,762) Net cash used in financing activities (169,598)(244,475) Effect of foreign exchange rate changes on cash and cash equivalents (196)131 Net increase (decrease) in cash and cash equivalents 42,104(24,124) Cash and cash equivalents—beginning of period 29,58850,052 Cash and cash equivalents—end of period $ 71,692$ 25,928 Supplemental Disclosure of Cash Flow Information:Cash paid for income taxes $ 35,402$ 66,071 Cash paid for interest $ 18,036$ 18,235 Non-GAAP Financial Measures To supplement MSC's unaudited selected financial data presented consistent with accounting principles generally accepted in the United States ("GAAP"), the Company discloses certain non-GAAP financial measures, including non-GAAP operating expenses, non-GAAP income from operations, non-GAAP operating margin, non-GAAP provision for income taxes, non-GAAP net income and non-GAAP diluted earnings per share, that exclude items such as restructuring and other costs, loss on sale of property, share reclassification litigation costs, share reclassification costs (prior year) and acquisition-related costs (prior year), and tax effects. These non-GAAP financial measures are not presented in accordance with GAAP or alternatives for GAAP financial measures and may be different from similar non-GAAP financial measures used by other companies. The presentation of this additional information is not meant to be considered in isolation or as a substitute for the most directly comparable GAAP financial measure and should only be used to evaluate MSC's results of operations in conjunction with the corresponding GAAP financial measure. This press release also includes certain forward-looking information that is not presented in accordance with GAAP. The Company believes that a quantitative reconciliation of such forward-looking information to the most directly comparable financial measures calculated and presented in accordance with GAAP cannot be made available without unreasonable efforts because a reconciliation of these non-GAAP financial measures would require the Company to predict the timing and likelihood of potential future events such as restructurings, M&A activity, capital expenditures and other infrequent or unusual gains and losses. Neither the timing or likelihood of these events, nor their probable significance, can be quantified with a reasonable degree of accuracy. Accordingly, a reconciliation of such forward-looking information to the most directly comparable GAAP financial measures is not provided. Results Excluding Restructuring and Other Costs, Loss on Sale of Property, Share Reclassification Litigation Costs, Share Reclassification Costs (prior year) and Acquisition-Related Costs (prior year) In calculating certain non-GAAP financial measures, we exclude items such as restructuring and other costs, loss on sale of property, share reclassification litigation costs, share reclassification costs (prior year) and acquisition-related costs (prior year), and tax effects. Management makes these adjustments to facilitate a review of the Company's operating performance on a comparable basis between periods, for comparing with forecasts and strategic plans, for identifying and analyzing trends in the Company's underlying business and for benchmarking performance externally against competitors. We believe that investors benefit from seeing results from the perspective of management in addition to seeing results presented in accordance with GAAP for the same reasons and purposes for which management uses such non-GAAP financial measures. MSC INDUSTRIAL DIRECT CO., INC. Reconciliation of GAAP and Non-GAAP Financial Information Thirteen weeks Ended May 31, 2025 (In thousands, except percentages and per share data)GAAP Financial MeasureItems Affecting ComparabilityNon-GAAP Financial MeasureTotal MSC IndustrialRestructuring and Other Costs Loss on Sale of PropertyShare Reclassification Litigation Costs Adjusted Total MSC Industrial Net Sales $ 971,145$ —$ —$ —$ 971,145 Cost of Goods Sold 573,406———573,406 Gross Profit 397,739———397,739 Gross Margin 41.0 %— %— %— %41.0 % Operating Expenses 312,324—1,167644310,513 Operating Expenses as % of Sales 32.2 %— %(0.1) %(0.1) %32.0 % Restructuring and Other Costs 2,6802,680——— Income from Operations 82,735(2,680)(1,167)(644)87,226 Operating Margin 8.5 %0.3 %0.1 %0.1 %9.0 % Total Other Expense (7,621)———(7,621) Income before provision for income taxes 75,114(2,680)(1,167)(644)79,605 Provision for income taxes 18,253(651)(284)(156)19,344 Net income 56,861(2,029)(883)(488)60,261 Net loss attributable to noncontrolling interest 16———16 Net income attributable to MSC Industrial $ 56,845$ (2,029)$ (883)$ (488)$ 60,245 Net income per common share: Diluted $ 1.02$ (0.04)$ (0.02)$ (0.01)$ 1.08*Individual amounts may not agree to the total due to rounding. MSC INDUSTRIAL DIRECT CO., INC. Reconciliation of GAAP and Non-GAAP Financial Information Thirty-Nine Weeks Ended May 31, 2025 (In thousands, except percentages and per share data)GAAP Financial MeasureItems Affecting ComparabilityNon-GAAP Financial MeasureTotal MSC IndustrialRestructuring and Other Costs Loss on Sale of PropertyShare Reclassification Litigation CostsAdjusted Total MSC Industrial Net Sales $ 2,791,346$ —$ —$ —$ 2,791,346 Cost of Goods Sold 1,650,190———1,650,190 Gross Profit 1,141,156———1,141,156 Gross Margin 40.9 %— %— %— %40.9 % Operating Expenses 917,465—1,167644915,654 Operating Expenses as % of Sales 32.9 %— %0.0 %0.0 %32.8 % Restructuring and Other Costs 6,4306,430——— Income from Operations 217,261(6,430)(1,167)(644)225,502 Operating Margin 7.8 %0.2 %0.0 %0.0 %8.1 % Total Other Expense (29,832)———(29,832) Income before provision for income taxes 187,429(6,430)(1,167)(644)195,670 Provision for income taxes 45,727(1,574)(285)(157)47,743 Net income 141,702(4,856)(882)(487)147,927 Net loss attributable to noncontrolling interest (1,080)———(1,080) Net income attributable to MSC Industrial $ 142,782$ (4,856)$ (882)$ (487)$ 149,007 Net income per common share: Diluted $ 2.55$ (0.09)$ (0.02)$ (0.01)$ 2.67*Individual amounts may not agree to the total due to rounding. MSC INDUSTRIAL DIRECT CO., INC. Reconciliation of GAAP and Non-GAAP Financial Information Thirteen Weeks Ended June 1, 2024 (In thousands, except percentages and per share data)GAAP Financial MeasureItems Affecting ComparabilityNon-GAAP Financial MeasureTotal MSC IndustrialRestructuring and Other Costs Adjusted Total MSC Industrial Net Sales $ 979,350$ —$ 979,350 Cost of Goods Sold 578,903—578,903 Gross Profit 400,447—400,447 Gross Margin 40.9 %— %40.9 % Operating Expenses 288,991—288,991 Operating Expenses as % of Sales 29.5 %— %29.5 % Restructuring and Other Costs 4,6904,690— Income from Operations 106,766(4,690)111,456 Operating Margin 10.9 %0.5 %11.4 % Total Other Expense (11,430)—(11,430) Income before provision for income taxes 95,336(4,690)100,026 Provision for income taxes 24,024(1,183)25,207 Net income 71,312(3,507)74,819 Net loss attributable to noncontrolling interest (393)—(393) Net income attributable to MSC Industrial $ 71,705$ (3,507)$ 75,212 Net income per common share: Diluted $ 1.27$ (0.06)$ 1.33*Individual amounts may not agree to the total due to rounding. MSC INDUSTRIAL DIRECT CO., INC. Reconciliation of GAAP and Non-GAAP Financial Information Thirty-Nine Weeks Ended June 1, 2024 (In thousands, except percentages and per share data)GAAP Financial MeasureItems Affecting ComparabilityNon-GAAP Financial MeasureTotal MSC IndustrialRestructuring and Other Costs Acquisition-Related Costs Share Reclassification CostsAdjusted Total MSC Industrial Net Sales $ 2,868,667$ —$ —$ —$ 2,868,667 Cost of Goods Sold 1,686,492———1,686,492 Gross Profit 1,182,175———1,182,175 Gross Margin 41.2 %— %— %— %41.2 % Operating Expenses 870,859—4651,187869,207 Operating Expenses as % of Sales 30.4 %— %0.0 %0.0 %30.3 % Restructuring and Other Costs 11,78711,787——— Income from Operations 299,529(11,787)(465)(1,187)312,968 Operating Margin 10.4 %0.4 %0.0 %0.0 %10.9 % Total Other Expense (32,920)———(32,920) Income before provision for income taxes 266,609(11,787)(465)(1,187)280,048 Provision for income taxes 64,604(2,767)(113)(288)67,772 Net income 202,005(9,020)(352)(899)212,276 Net loss attributable to noncontrolling interest (897)———(897) Net income attributable to MSC Industrial $ 202,902$ (9,020)$ (352)$ (899)$ 213,173 Net income per common share: Diluted $ 3.59$ (0.16)$ (0.01)$ (0.02)$ 3.77*Individual amounts may not agree to the total due to rounding. 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Yahoo
29-06-2025
- Business
- Yahoo
Acuity's Stock Rises on Q3 Earnings & Sales Beat, Margins Up Y/Y
Acuity Inc. AYI reported impressive results for the third quarter of fiscal 2025 (ended May 31, 2025), with adjusted earnings and net sales topping the Zacks Consensus Estimate and increasing year over quarter's performance was driven by the benefits realized from the acquisition of QSC, closed in January 2025. Moreover, increased contributions from its Acuity Intelligent Spaces and Acuity Brands Lighting segments added to the uptrend, alongside higher sales of Atrius and Distech stock grew 5.8% during yesterday's trading session and inched up 0.3% in the after-hours. The company reported adjusted earnings per share (EPS) of $5.12, which topped the Zacks Consensus Estimate of $4.42 by 15.8%. The metric also increased 23% from the year-ago reported EPS of $4.15. Acuity, Inc. price-consensus-eps-surprise-chart | Acuity, Inc. Quote Net sales of $1.18 billion surpassed the consensus mark of $1.14 billion by 3% and improved 21.7% from the prior-year quarter's level. (Find the latest earnings estimates and surprises on Zacks Earnings Calendar.) The Acuity Brands Lighting segment, responsible for the majority of sales, experienced an increase in quarterly sales by 2.7% to $923.2 million. Our estimate for the metric was $912.6 sales in the Independent Sales Network were up 7.6% year over year to $685.3 million. Sales from the Direct Sales Network were up 4.6% from the prior-year period's level to $101.5 sales of $41.4 million tumbled 19.4% from the prior-year quarter's level. Sales in the Corporate Accounts channel also decreased 41.3% from the prior-year quarter to $35.5 million. The original equipment manufacturer and other channel sales of $59.5 million were up 2.2% from the prior-year period's adjusted operating profit in the segment increased 7.3% from the prior year's level to $173.9 million. The adjusted operating margin was up 80 basis points (bps) year over year to 18.8%.Acuity Intelligent Spaces generated net sales of $264.1 million, which were significantly up 248.9% year over year. The reported figure came above our estimate of $233.5 adjusted operating profit was $62.3 million, up by a whopping 260.1% from the year-ago period. The adjusted operating margin expanded 70 bps year over year to 23.6%. The adjusted operating profit increased 32.7% year over year to $221.7 million. The adjusted operating margin of 18.8% was up 150 bps year over EBITDA rose 31.3% to $236.3 million from the year-ago period. The adjusted EBITDA margin expanded 140 bps from the year-ago period to 20%. As of the fiscal third quarter, Acuity had cash and cash equivalents of $371.8 million compared with $845.8 million at the fiscal 2024-end. Long-term debt was $996.7 million, up from $496.2 million at the fiscal the first nine months of fiscal 2025, cash provided by operating activities totaled $398.9 million, down from $445.1 million in the prior-year period. Adjusted free cash flow was down 12.1% year over year to $355.3 million in the first nine months of fiscal the first nine months of fiscal 2025, the company repurchased nearly 0.3 million shares of its common stock for $90 million. As of May 31, 2025, 3.4 million shares remained available within AYI's repurchase program. Moreover, it hiked its quarterly dividend by 13% to 17 cents per share or 68 cents annually. For fiscal 2025, Acuity still expects net sales between $4.3 billion and $4.5 billion (indicating growth from $3.84 billion reported in fiscal 2024), with adjusted EPS in the range of $16.50-$18.00 (depicting growth from $15.56 reported in fiscal 2024). The focus remains on maintaining a balance between growth and margin expansion. Acuity currently carries a Zacks Rank #3 (Hold).Here are some better-ranked stocks from the Business Services Corporation APP currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks company delivered a trailing four-quarter earnings surprise of 22.9%, on average. The stock has inched up 7.3% year to date. The Zacks Consensus Estimate for AppLovin's 2025 sales and EPS indicates growth of 16.6% and 84.6%, respectively, from the year-ago period's Inc. DUOL presently carries a Zacks Rank #2 (Buy). The company has a trailing four-quarter earnings surprise of 22.8%, on average. The stock has gained 22.9% year to Zacks Consensus Estimate for Duolingo's 2025 sales and EPS indicates growth of 33.5% and 54.3%, respectively, from the year-ago period's Digital Inc. GEN presently carries a Zacks Rank of 2. The company has a trailing four-quarter earnings surprise of 0.9%, on average. The stock has moved up 7.5% year to Zacks Consensus Estimate for Gen Digital's fiscal 2026 sales and EPS indicates growth of 20.4% and 9.5%, respectively, from the year-ago period's levels. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Gen Digital Inc. (GEN) : Free Stock Analysis Report AppLovin Corporation (APP) : Free Stock Analysis Report Acuity, Inc. (AYI) : Free Stock Analysis Report Duolingo, Inc. (DUOL) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error 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
Yahoo
28-06-2025
- Business
- Yahoo
Apogee Enterprises Inc (APOG) Q1 2026 Earnings Call Highlights: Strategic Growth Amid Tariff ...
Net Sales: Increased 4.6% to $346.6 million, driven by $22 million from the acquisition of UW Solutions. Adjusted EBITDA Margin: Decreased to 9.9%, impacted by higher aluminum costs and tariff expenses. Adjusted Diluted EPS: Declined to $0.56, affected by lower adjusted EBITDA and higher interest and tax expenses. Metals Net Sales: Declined 3.4%, due to a less favorable mix, partially offset by higher volume. Services Net Sales: Increased 7.6%, marking the fifth consecutive quarter of growth, driven by higher volume. Performance Surfaces Net Sales: Increased due to the inorganic contribution from UW Solutions. Net Cash Used in Operating Activities: $19.8 million, compared to $5.5 million provided a year ago. Fiscal '26 Outlook: Raised net sales to $1.40 billion to $1.44 billion and adjusted diluted EPS to $3.80 to $4.20. Tariff Impact on EPS: Estimated unfavorable impact of $0.35 to $0.45, primarily affecting the first half of the fiscal year. Capital Expenditures: Expected between $35 million to $40 million for fiscal '26. Warning! GuruFocus has detected 7 Warning Signs with CNVS. Release Date: June 27, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Apogee Enterprises Inc (NASDAQ:APOG) exceeded expectations for Q1 2026, demonstrating positive momentum through operational actions and a renewed focus on growth. Revenues were stronger than expected, led by significant net sales growth in the Glass and Services segments. The company successfully executed tariff mitigation plans, expecting to substantially mitigate the impact of tariffs in the second half of the fiscal year. Apogee Enterprises Inc (NASDAQ:APOG) raised its fiscal year outlook for both revenue and earnings, driven by improvements in Metals, Glass, and Performance Surfaces segments. The company is actively building a pipeline of strategic M&A opportunities to diversify its business mix and accelerate growth. Adjusted EBITDA margin decreased to 9.9%, primarily due to a less favorable mix and higher aluminum costs in Metals, as well as higher tariff expenses in Services. Adjusted diluted EPS declined to $0.56, impacted by lower adjusted EBITDA, higher interest expense, and a higher adjusted effective tax rate. Metals segment faced a decline in net sales by 3.4% due to a less favorable mix, despite higher volume. The Services segment experienced a decrease in adjusted EBITDA margin to 5.7%, primarily driven by higher tariff expenses. Net cash used in operating activities was $19.8 million, compared to $5.5 million of net cash provided by operating activities a year ago, driven by lower net earnings and increased cash used for working capital. Q: Can you elaborate on the Glass business and the revenue pipeline that seems to be picking up? A: Ty Silberhorn, CEO, explained that the team has improved their opportunity pipeline, focusing on smaller jobs to fill market gaps. This approach, along with productivity improvements, has allowed them to maintain margins. They expect growth in Q3 and Q4 as award rates improve. Q: Regarding segment margin targets, can you speak to your ability to operate within the long-term ranges for different business groups? A: Ty Silberhorn noted that Metals and Services face tariff headwinds, making it challenging to reach the bottom of their target ranges. Glass is expected to stay within its range, albeit at the lower end, while Performance Surfaces is performing well within its range. Q: What is driving the sequential improvement in the Metals segment, and has this continued into June? A: Ty Silberhorn stated that operational improvements and better lead times have driven sequential improvements. Although not fully back to historical service levels, customer confidence is returning, leading to increased sales. Q: Can you provide an update on Project Fortify Phase 2 and any savings realized in the May quarter? A: Matthew Osberg, CFO, mentioned that minimal savings were realized in Q1, with most expected in Q2 following the closure of the Canadian facility. Q: How much of the reduced tariff impact is due to operational shifts versus commodity price changes? A: Matthew Osberg explained that the reduction is due to both operational efficiencies and better management of input costs, allowing them to mitigate some of the anticipated tariff impacts. Q: How is the Services segment managing the impact of tariffs, and are clients accepting cost adjustments mid-project? A: Ty Silberhorn noted that it's difficult to pass on costs for ongoing projects. The team is focusing on productivity improvements and cost savings to manage the impact. Q: Have you adjusted your M&A target multiples in the current environment? A: Ty Silberhorn stated that while M&A activity has slowed due to macroeconomic factors, they continue to focus on strategic targets. Valuations remain reasonable, and strategics may have an advantage over private equity due to interest rate conditions. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
