Month: May 2025

First Quarter 2025 Financial HighlightsNet sales totaled $878 million, down 4% on a reported basis and down 2% on a constant currency* basis Net income totaled $62 million; Net income margin of 7.1% Adjusted EBIT* totaled $131 million; Adjusted EBIT margin* of 14.9% Net cash provided by operating activities totaled $56 million Adjusted free cash flow* totaled $36 million Reiterating full-year outlookFirst Quarter 2025 Business HighlightsContinue to win across all turbo, plug-in hybrids and range extended electric vehicle applications Secured new wins in Asia and Europe for commercial vehicles and industrial power generation applications Won first major series production award for electric motors with industry-leading supplier, production expected to start in 2027PLYMOUTH, Mich. and ROLLE, Switzerland, May 01, 2025 (GLOBE NEWSWIRE)...

Expect to place approximately $8.5 billion of projects into service in 2025, tracking to roughly 15 per cent under budget Announced $2.4 billion of new natural gas and nuclear power generation growth projects CALGARY, Alberta, May 01, 2025 (GLOBE NEWSWIRE) — TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) released its first quarter results today. François Poirier, TC Energy’s President and Chief Executive Officer commented, “As natural gas and electricity are forecasted to drive the majority of growth in final energy consumption through 2035, we are pleased to announce two new growth projects that represent strategic investments in North America’s energy future. We have approved the Northwoods project on our ANR system, designed to serve electric generation demand in the U.S. Midwest, including data centres...

First quarter consolidated revenues were $3.8 billion on lower industry demand First quarter diluted EPS at $0.10 Results reflect continued execution of cost saving initiatives partially offsetting market headwinds Updated guidance reflects macroeconomic uncertainty from the global trade environment Basildon, UK – May 1, 2025 – CNH Industrial N.V. (NYSE: CNH) today reported results for the three months ended March 31, 2025, with net income of $132 million and diluted earnings per share of $0.10 compared with net income of $369 million and diluted earnings per share of $0.29 for the three months ended March 31, 2024(1). Consolidated revenues were $3.83 billion (down 21% compared to Q1 2024), and net sales of Industrial Activities were $3.17 billion (down 23% compared to Q1 2024). Net cash provided by operating activities was...

– U.S. Regulatory Filing Under Active Review for Approval of PYRUKYND® (mitapivat) in Thalassemia, with PDUFA Goal Date of September 7, 2025 – – Phase 3 RISE UP Study of Mitapivat in Sickle Cell Disease On Track, with Topline Results Expected in Late 2025; Potential U.S. Commercial Launch in 2026 – – Tebapivat Advancing in Clinical Trials for Lower-Risk Myelodysplastic Syndromes (LR-MDS) and Sickle Cell Disease – – PYRUKYND Net Revenue of $8.7 Million in Q1; Cash, Cash Equivalents and Marketable Securities of $1.4 Billion as of March 31, 2025 – CAMBRIDGE, Mass., May 01, 2025 (GLOBE NEWSWIRE) — Agios Pharmaceuticals, Inc. (Nasdaq: AGIO), a leader in cellular metabolism and pyruvate kinase (PK) activation pioneering therapies for rare diseases, today reported business highlights and financial results for the first quarter ended...

First Quarter Highlights and Recent DevelopmentsFirst quarter revenue of $20.8 million, up 58% q/q, above target Cost efficiencies drive operating expenses to multi-year low Seeing increased customer interest and activity including bid activity up 60% y/y Upsized promissory note offering expected to close in Q2 Strengthened Board of Directors with addition of two new membersAUSTIN, Texas, May 01, 2025 (GLOBE NEWSWIRE) — FTC Solar, Inc. (Nasdaq: FTCI), a leading provider of solar tracker systems, today announced financial results for the first quarter that ended March 31, 2025. “We’re pleased to report first quarter results which were ahead of target mid-points on all metrics,” said Yann Brandt, President and Chief Executive Officer of FTC Solar. “In recent months we have added multiples of our current annual revenue run rate...

ATLANTA, May 01, 2025 (GLOBE NEWSWIRE) — Chart Industries, Inc. (NYSE: GTLS) today reported results for the first quarter 2025 ended March 31, 2025. First quarter 2025 highlights compared to first quarter 2024:Orders of $1.32 billion, increased 17.3%, with record Repair, Service & Leasing (“RSL”) orders Backlog of $5.14 billion, the first time greater than $5 billion Sales of $1.00 billion, an organic increase of 6.6%; foreign exchange (“FX”) impact of (1.3%) Reported gross profit margin of 33.9% increased 210 bps Reported operating income of $152.3 million (15.2% of sales) was $198.8 million when adjusted for integration related and restructuring items, resulting in 19.9% adjusted operating income margin, an increase of 190 bps EBITDA of $215.2 million (21.5% of sales) was $231.1 million when adjusted for the items described...

Revenues grew 19% year-over-year to $1.5 billion, driven by 3 incremental aircraft deliveries and steady year-over-year gain from Services to $495 million. Adjusted EBITDA(1) recorded an impressive 21% year-over-year jump to $248 million and adjusted EBITDA margin(2) of 16.3%. Reported EBIT reached $177 million. Net income(3) and adjusted net income(1) were $44 million and $68 million respectively. Diluted EPS(3) reached $0.37, while adjusted EPS(2) was up 69% year-over-year, from $0.36 to $0.61. Free cash flow usage(1) of $304 million, represented a 21% improvement compared to Q1 2024; cash flow usage from operating activities(3) and net additions to PP&E and intangible assets(4) were at $271 million and $33 million respectively. Backlog(5) of $14.2 billion as at March 31, 2025, unit book-to-bill(6) of 0.9. Available liquidity(1)...

– Raises 2025 Outlook on Robust Growth in Net Income and FFO –– Same Property NOI Increased 3.9%; Credit Loss Better than Expected –– Leased Over Four Million Square Feet; New Lease Spreads Approach 49% –– Achieves Strategic Target: 85% of Annual Base Rent from Grocery-Anchored Portfolio – JERICHO, New York, May 01, 2025 (GLOBE NEWSWIRE) — Kimco Realty® (NYSE: KIM), a real estate investment trust (REIT) and leading owner and operator of high-quality, open-air, grocery-anchored shopping centers and mixed-use properties in the United States, today reported results for the first quarter ended March 31, 2025. For the three months ended March 31, 2025 and 2024, Net income/(loss) available to the company’s common shareholders per diluted share was $0.18 and ($0.03), respectively. Highlights12.8% growth in Funds From Operations* (“FFO”)...