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Yahoo
32 minutes ago
- Business
- Yahoo
Northrop Grumman Releases Second Quarter 2025 Financial Results
FALLS CHURCH, Va., July 22, 2025 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE: NOC) has released its second quarter 2025 financial results. A copy of the earnings release has been furnished in the company's Form 8-K filing and is also available on the company's investor relations website at As previously announced, Northrop Grumman will webcast its earnings conference call at 9:30 a.m. Eastern time today. A live audio broadcast of the conference call will be available on Northrop Grumman is a leading global aerospace and defense technology company. Our pioneering solutions equip our customers with the capabilities they need to connect and protect the world, and push the boundaries of human exploration across the universe. Driven by a shared purpose to solve our customers' toughest problems, our employees define possible every day. Contact: News Bureaunewsbureau@ Investors: Todd in to access your portfolio
Yahoo
32 minutes ago
- Business
- Yahoo
Danaher shares slip despite Q2 beat, annual profit outlook hike
-- Danaher (NYSE:DHR) delivered stronger-than-expected second-quarter results and lifted its full-year profit outlook. Still, the company's shares fell over 2% in premarket trading on Tuesday. The life sciences firm reported adjusted earnings per share (EPS) of $1.80, exceeding the consensus estimate of $1.64. Revenue for the period climbed 3.5% year-over-year to $5.94 billion, also ahead of the $5.84 billion consensus. Operating cash flow for the quarter was $1.3 billion, while non-GAAP free cash flow came in at $1.1 billion. "Our team's strong execution using the Danaher Business System, paired with another quarter of robust growth in our Bioprocessing business and disciplined cost management, enabled us to exceed our expectations for the quarter," said Rainer M. Blair, President and CEO of Danaher. "While the macro environment remains fluid, we believe the combination of our talented team, the differentiation of our portfolio, and our strong financial profile will enable us to continue generating sustainable, long-term value for shareholders for the remainder of 2025 and beyond," he added. Looking ahead, the company expects third-quarter non-GAAP core revenue to grow at a low-single-digit rate year-over-year. For the full year, Danaher maintained its forecast of approximately 3% growth in core revenue. However, it raised its full-year adjusted EPS guidance to a range of $7.70 to $7.80, up from a prior range of $7.60 to $7.75. The midpoint of the new guidance is ahead of the consensus estimate of $7.70. Related articles Danaher shares slip despite Q2 beat, annual profit outlook hike Clients buying into summer rally, bracing for later pullback, says BofA's Hartnett Apollo economist warns: AI bubble now bigger than 1990s tech mania 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
Business Wire
33 minutes ago
- Business
- Business Wire
ReposiTrak Adds 30 Cheese Suppliers to the Queue, Including Domestic Producers and Importers
SALT LAKE CITY--(BUSINESS WIRE)--ReposiTrak (NYSE:TRAK), the world's largest food traceability and regulatory compliance network, leveraging its established inventory management and out-of-stock reduction SaaS platform, is proud to add 30 purveyors of domestic and imported cheese to the queue of companies joining the ReposiTrak Traceability Network® (RTN). These companies will efficiently exchange intricate, FDA-required Key Data Elements (KDEs) for each Critical Tracking Event (CTE) in their supply chains, with the goal of meeting the growing traceability demands of their retail customers. 'We help cheese suppliers to meet the many different traceability requirements of each of their customers,' said ReposiTrak Chairman and CEO Randy Fields. Share The suppliers who are preparing for traceability include a California-based importer and processor of Italian cheeses and olive oils, including many grated and shredded varieties; an organic, grass‑based dairy processor out of Delaware; and a Columbia-based company that works with local farmers producing fresh, authentic dairy products derived from 100% grass-fed buffalo milk. 'Many traceability programs require food traceability data for all foods – or entire categories of food such as cheese. That's because there is risk for the retailer if food traceability data is missing, incomplete or inaccurate,' said ReposiTrak Chairman and CEO Randy Fields. 'We help cheese suppliers to meet the many different traceability requirements of each of their customers.' The ReposiTrak Traceability Network requires no additional hardware. Every traceability data file is checked using a 500+ point error detection process and ReposiTrak's U.S.-based team works with suppliers to make corrections, so that the data is as complete and accurate as possible before it reaches their retail, wholesale or foodservice customers. About ReposiTrak ReposiTrak (NYSE: TRAK) provides retailers, suppliers, food manufacturers and wholesalers with a robust solution suite to help reduce risk and remain in compliance with regulatory requirements, enhance operational controls and increase sales with unrivaled brand protection. Consisting of three product families – food traceability, compliance and risk management and supply chain solutions – ReposiTrak's integrated, cloud-based applications are supported by an unparalleled team of experts. For more information, please visit
Business Wire
33 minutes ago
- Business
- Business Wire
Knife River Corporation Announces Second Quarter 2025 Results Conference Call
BISMARCK, N.D.--(BUSINESS WIRE)--Knife River Corporation (NYSE: KNF), an aggregates-led, vertically integrated construction materials and contracting services company, will host its second quarter 2025 earnings conference call at 11 a.m. EDT Tuesday, Aug. 5, 2025. Financial results for the quarter will be released that morning before the NYSE market opens. A live webcast of the call, along with presentation slides, will be available in the Investors section of the Knife River website at or at To participate in the live conference call: After the conclusion of the call, an on-demand replay of the webcast will be made available. About Knife River Knife River Corporation, a member of the S&P MidCap 400 index, mines aggregates and markets crushed stone, sand, gravel and related construction materials, including ready-mix concrete, asphalt, liquid asphalt and other value-added products. Knife River also performs vertically integrated contracting services, specializing in publicly funded DOT projects and private projects across the industrial, commercial and residential space. For more information about the company, visit
Business Wire
33 minutes ago
- Business
- Business Wire
Forestar Reports Fiscal 2025 Third Quarter Results
ARLINGTON, Texas--(BUSINESS WIRE)--Forestar Group Inc. ('Forestar') (NYSE: FOR), a leading national residential lot developer, today reported financial results for its third fiscal quarter ended June 30, 2025. Fiscal 2025 Third Quarter Highlights Net income totaled $32.9 million or $0.65 per diluted share Pre-tax income of $43.6 million Consolidated revenues increased 23% to $390.5 million Residential lots sold increased 11% to 3,605 lots Owned and controlled 102,300 lots at June 30, 2025 Lots contracted for sale increased 26% to 25,700 lots at June 30, 2025 Real estate of $2.8 billion at June 30, 2025 Return on equity of 10.1% for the trailing twelve months ended June 30, 2025 Book value per share increased 11% to $33.04 Financial Results Net income for the third quarter of fiscal 2025 decreased 15% to $32.9 million, or $0.65 per diluted share, compared to $38.7 million, or $0.76 per diluted share, in the same quarter of fiscal 2024. Pre-tax income for the quarter decreased 16% to $43.6 million from $51.6 million in the same quarter of fiscal 2024 with the prior year quarter including a $5.0 million gain on sale of assets. Revenues for the third quarter increased 23% to $390.5 million from $318.4 million in the same quarter of fiscal 2024. For the nine months ended June 30, 2025, net income decreased 33% to $81.0 million, or $1.59 per diluted share, compared to $121.8 million, or $2.40 per diluted share, in the same period of fiscal 2024. Pre-tax income for the nine months ended June 30, 2025 decreased 34% to $106.2 million from $161.6 million in the same period of fiscal 2024. Revenues for the first nine months of fiscal 2025 increased 4% to $991.9 million from $958.0 million in the same period of fiscal 2024. The Company's return on equity was 10.1% for the trailing twelve months ended June 30, 2025. Return on equity is calculated as net income for the trailing twelve months divided by average stockholders' equity, where average stockholders' equity is the sum of ending stockholders' equity balances of the trailing five quarters divided by five. Operational Results Lots sold during the third quarter increased 11% to 3,605 lots compared to 3,255 lots in the same quarter of fiscal 2024. During the third quarter of fiscal 2025, Forestar sold 530 lots to customers other than D.R. Horton, Inc. ('D.R. Horton') compared to 352 lots in the prior year quarter. Lots sold to customers other than D.R. Horton in the current year quarter included 331 lots that were sold to a lot banker who expects to sell those lots to D.R. Horton at a future date. Lots sold during the nine months ended June 30, 2025 decreased 4% to 9,349 lots compared to 9,694 lots in the same period of fiscal 2024. During the nine months ended June 30, 2025, 1,661 lots were sold to customers other than D.R. Horton compared to 852 lots in the same period of fiscal 2024. Lots sold to customers other than D.R. Horton in the current year nine-month period included 693 lots that were sold to a lot banker who expects to sell those lots to D.R. Horton at a future date compared to 124 lots in the prior year period. The Company's lot position at June 30, 2025 was 102,300 lots, of which 68,300 were owned and 34,000 were controlled through land and lot purchase contracts. Lots owned at June 30, 2025 included 10,000 that were fully developed. Of the Company's owned lot position at June 30, 2025, 25,700 lots, or 38%, were under contract to be sold, representing approximately $2.3 billion of future revenue. Another 18,500 lots, or 27%, of the Company's owned lots were subject to a right of first offer to D.R. Horton based on executed purchase and sale agreements at June 30, 2025. Capital Structure, Leverage and Liquidity Forestar ended the quarter with $189.2 million of unrestricted cash and $602.8 million of available borrowing capacity on its senior unsecured revolving credit facility for total liquidity of $792.0 million. Debt at June 30, 2025 totaled $872.8 million, with $70.4 million of senior note maturities in the next twelve months. The Company's net debt to total capital ratio at the end of the quarter was 28.9%. Net debt to total capital consists of debt net of unrestricted cash divided by stockholders' equity plus debt net of unrestricted cash. Outlook Donald J. Tomnitz, Chairman of the Board, said, 'The Forestar team delivered increased lot deliveries and revenues compared to the prior year quarter and maintained strong liquidity through disciplined investment in inventory despite affordability constraints and weaker consumer confidence continuing to impact the pace of new home sales. 'Based on our fiscal year-to-date results and current market conditions, we are updating our lot delivery guidance for fiscal 2025. We now expect to deliver between 14,500 and 15,000 lots compared to our prior guidance of between 15,000 and 15,500 lots. We are maintaining our previous revenue guidance of $1.50 billion to $1.55 billion. 'Forestar is uniquely positioned to consistently supply finished lots that are essential to the homebuilding industry. Our strong balance sheet and liquidity give us the flexibility to operate effectively through changing market conditions. We expect to continue aggregating significant market share, supported by our substantial operating platform, strategic relationship with D.R. Horton and $2.3 billion of contracted future revenue. We will maintain our disciplined approach to capital allocation while positioning Forestar for growth and driving long-term value for our shareholders.' Conference Call and Webcast Details The Company will host a conference call today (Tuesday, July 22) at 11:00 a.m. Eastern Time. The dial-in number is 888-506-0062, the entry code is 716713, and the call will also be webcast from the Company's website at Fourth Quarter Conference Call The Company plans to release financial results for its fourth quarter ended September 30, 2025 on October 28, 2025 before the market opens. The Company will host a conference call that morning at 11:00 a.m. Eastern Time. Details on how to access the conference call will be available at a later date. About Forestar Group Inc. Forestar Group Inc. is a residential lot development company with operations in 64 markets and 23 states. Based in Arlington, Texas, the Company delivered more than 14,700 residential lots during the twelve-month period ended June 30, 2025. Forestar is a majority-owned subsidiary of D.R. Horton, the largest homebuilder by volume in the United States since 2002. Forward-Looking Statements Portions of this document may constitute 'forward-looking statements' as defined by the Private Securities Litigation Reform Act of 1995. Although Forestar believes any such statements are based on reasonable assumptions, there is no assurance that actual outcomes will not be materially different. All forward-looking statements are based upon information available to Forestar on the date this release was issued. Forestar 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. Forward-looking statements in this release include we expect to deliver between 14,500 and 15,000 lots; we expect to generate between $1.50 and $1.55 billion of revenue; Forestar is uniquely positioned to consistently supply finished lots that are essential to the homebuilding industry; our strong balance sheet and liquidity give us the flexibility to operate effectively through changing market conditions; we expect to continue aggregating significant market share, supported by our substantial operating platform, strategic relationship with D.R. Horton and $2.3 billion of contracted future revenue; and we will maintain our disciplined approach to capital allocation while positioning Forestar for growth and driving long-term value for our shareholders. Factors that may cause the actual results to be materially different from the future results expressed by the forward-looking statements include, but are not limited to: the effect of D.R. Horton's controlling level of ownership on us and the holders of our securities; our ability to realize the potential benefits of the strategic relationship with D.R. Horton; the effect of our strategic relationship with D.R. Horton on our ability to maintain relationships with our customers; the cyclical nature of the homebuilding and lot development industries and changes in economic, real estate and other conditions; the impact of significant inflation, higher interest rates or deflation; supply shortages and other risks of acquiring land, construction materials and skilled labor; the effects of public health issues such as a major epidemic or pandemic; the impacts of weather conditions and natural disasters; health and safety incidents relating to our operations; our ability to obtain or the availability of surety bonds to secure our performance related to construction and development activities and the pricing of bonds; the impact of governmental policies, laws or regulations and actions or restrictions of regulatory agencies; our ability to achieve our strategic initiatives; continuing liabilities related to assets that have been sold; the cost and availability of property suitable for residential lot development; general economic, market or business conditions where our real estate activities are concentrated; our dependence on relationships with national, regional and local homebuilders; competitive conditions in our industry; obtaining reimbursements and other payments from governmental districts and other agencies and timing of such payments; our ability to succeed in new markets; the conditions of the capital markets and our ability to raise capital to fund expected growth; our ability to manage and service our debt and comply with our debt covenants, restrictions and limitations; the volatility of the market price and trading volume of our common stock; our ability to hire and retain key personnel; and the strength of our information technology systems and the risk of cybersecurity breaches and our ability to satisfy privacy and data protection laws and regulations. Additional information about issues that could lead to material changes in performance is contained in Forestar's annual report on Form 10-K and its most recent quarterly report on Form 10-Q, both of which are or will be filed with the Securities and Exchange Commission. FORESTAR GROUP INC. Consolidated Statements of Operations (Unaudited) Three Months Ended June 30, Nine Months Ended June 30, 2025 2024 2025 2024 (In millions, except per share amounts) Revenues $ 390.5 $ 318.4 $ 991.9 $ 958.0 Cost of sales 310.8 246.9 778.0 730.6 Selling, general and administrative expense 37.4 29.3 111.8 86.5 Equity in earnings of unconsolidated ventures — — (0.6 ) — Gain on sale of assets — (5.0 ) — (5.0 ) Interest and other income (1.3 ) (4.4 ) (4.6 ) (15.7 ) Loss on extinguishment of debt — — 1.1 — Income before income taxes 43.6 51.6 106.2 161.6 Income tax expense 10.7 12.9 25.2 39.8 Net income $ 32.9 $ 38.7 $ 81.0 $ 121.8 Basic net income per common share $ 0.65 $ 0.76 $ 1.59 $ 2.42 Weighted average number of common shares 50.9 50.8 50.8 50.3 Diluted net income per common share $ 0.65 $ 0.76 $ 1.59 $ 2.40 Adjusted weighted average number of common shares 51.0 51.1 51.0 50.7 Expand FORESTAR GROUP INC. Revenues, Residential Lots Sold and Lot Position REVENUES Three Months Ended June 30, Nine Months Ended June 30, 2025 2024 2025 2024 (In millions) Residential lot sales: Development projects $ 373.4 $ 295.7 $ 953.3 $ 922.3 Lot banking projects 10.9 10.3 24.1 11.0 (Increase) decrease in contract liabilities (1.3 ) (0.2 ) (0.1 ) 2.6 383.0 305.8 977.3 935.9 Deferred development projects — 0.5 — 3.5 383.0 306.3 977.3 939.4 Tract sales and other 7.5 12.1 14.6 18.6 Total revenues $ 390.5 $ 318.4 $ 991.9 $ 958.0 RESIDENTIAL LOTS SOLD Three Months Ended June 30, Nine Months Ended June 30, 2025 2024 2025 2024 Development projects 3,524 3,163 9,149 9,593 Lot banking projects 81 92 200 101 3,605 3,255 9,349 9,694 Average sales price per lot (1) $ 106,600 $ 94,000 $ 104,500 $ 96,300 LOT POSITION June 30, 2025 September 30, 2024 Lots owned 68,300 57,800 Lots controlled under land and lot purchase contracts 34,000 37,300 Total lots owned and controlled 102,300 95,100 Owned lots under contract to sell to D.R. Horton 24,200 20,500 Owned lots under contract to customers other than D.R. Horton 1,500 500 Total owned lots under contract 25,700 21,000 Owned lots subject to right of first offer with D.R. Horton based on executed purchase and sale agreements 18,500 17,200 Owned lots fully developed 10,000 6,300 Expand _____________ (1) Excludes any impact from change in contract liabilities. Expand
