3 Mass. Lottery tickets worth $100K won, claimed on Friday
One of the winning tickets came from the game, 'Mass Cash.' The ticket was sold at a Shaw's market in Worcester and was won during the game's drawing held on May 30. The winning numbers were 5,11,14,25,35.
A $100,000 ticket was claimed on Friday from the game, '300X.' The ticket was sold in Beverly at Schooner Hannah Beer & Wine. The odds of winning the game's grand prize of $15 million are one in 5,376,000. Three grand prize tickets were sent out, two have been claimed, leaving one remaining.
Another $100,000 ticket was sold in East Boston at the East Boston Corner Market.
The prize was won in the game, '$15,000,000 Colossal Millions.' Although three grand prize tickets in the amount of $15 million have been dispersed across the state for 'Colossal Millions,' none of the tickets have been claimed. The odds of winning the $15 million prize are one in 5,040,000.
The Massachusetts State Lottery releases a full list of winning tickets every day. The list only includes winning tickets worth more than $600.
Across the state, there were 666 prizes worth $600 or more that were won or claimed in all lottery games on Friday, including 60 in Boston, 24 in Springfield, and 20 in Worcester.
Mass. State Lottery winner: 2nd $2M prize claimed from $50 ticket in 2 days
Mass. State Lottery winner: $100K prize claimed in $2 game; one grand prize remains
Winning $100,000 Mass Cash ticket sold at Chelsea Market Basket
Winning $100,000 Mass Cash ticket sold at Weymouth convenience store
Read the original article on MassLive.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
40 minutes ago
- Yahoo
Revvity Announces Financial Results for the Second Quarter of 2025
Revenue of $720 million; 4% reported growth; 3% organic growth GAAP EPS of $0.46; Adjusted EPS from continuing operations of $1.18 Updates full year 2025 guidance WALTHAM, Mass., July 28, 2025--(BUSINESS WIRE)--Revvity, Inc. (NYSE: RVTY), today reported financial results for the second quarter ended June 29, 2025. The Company reported GAAP earnings per share of $0.46, as compared to $0.45 in the same period a year ago. Revenue for the quarter was $720 million, as compared to $692 million in the same period a year ago. GAAP operating income from continuing operations for the quarter was $91 million, as compared to $86 million for the same period a year ago. GAAP operating profit margin from continuing operations was 12.6% as a percentage of revenue, as compared to 12.4% in the same period a year ago. Adjusted earnings per share from continuing operations for the quarter was $1.18, as compared to $1.22 in the same period a year ago. Adjusted operating income was $192 million, as compared to $199 million for the same period a year ago. Adjusted operating profit margin was 26.6% as a percentage of revenue, as compared to 28.8% in the same period a year ago. Adjustments for the Company's non-GAAP financial measures have been noted in the attached reconciliations. "The power of Revvity's transformation and consistent execution were evident in our second-quarter performance, enabling us to exceed expectations despite the evolving market environment," said Prahlad Singh, president and chief executive officer of Revvity. "With a strong pipeline of innovation, high-performing teams and disciplined operational focus, we're well-positioned to deliver long-term value creation for our shareholders." Financial Overview by Reporting Segment Life Sciences Second quarter 2025 revenue was $366 million, as compared to $349 million in the same period a year ago. Revenue increased 5% and organic revenue increased 4% as compared to the same period a year ago. Second quarter 2025 adjusted operating income was $115 million, as compared to $118 million in the same period a year ago. Adjusted operating profit margin was 31.6% as a percentage of revenue, as compared to 33.7% in the same period a year ago. Diagnostics Second quarter 2025 revenue was $354 million, as compared to $343 million in the same period a year ago. Revenue increased 3% and organic revenue increased 2% as compared to the same period a year ago. Second quarter 2025 adjusted operating income was $89 million, as compared to $93 million in the same period a year ago. Adjusted operating profit margin was 25.2% as a percentage of revenue, as compared to 27.0% in the same period a year ago. Full Year 2025 Guidance For the full year 2025, the Company is raising its full year revenue guidance to $2.84-$2.88 billion to reflect recent changes in foreign currency exchange rates and assumes 2% to 4% organic growth. The Company is also updating its adjusted EPS guidance to a range of $4.85 to $4.95. Guidance for the full year 2025 for adjusted EPS and organic growth is provided on a non-GAAP basis and cannot be reconciled to the closest GAAP measures without unreasonable effort due to the unpredictability of the amounts and timing of events affecting the items the Company excludes from these non-GAAP measures. The timing and amounts of such events and items could be material to the Company's results prepared in accordance with GAAP. Webcast Information The Company will discuss its second quarter 2025 results and its outlook for business trends during a webcast on July 28, 2025, at 8:00 a.m. Eastern Time. A live audio webcast and presentation will be available on the Investors section of the Company's website, Use of Non-GAAP Financial Measures In addition to financial measures prepared in accordance with generally accepted accounting principles (GAAP), this earnings announcement also contains non-GAAP financial measures. The reasons that we use these measures, a reconciliation of these measures to the most directly comparable GAAP measures, and other information relating to these measures are included below following our GAAP financial statements. Factors Affecting Future Performance This press release contains "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements relating to estimates and projections of future earnings per share, cash flow and revenue growth and other financial results, developments relating to our customers and end-markets, and plans concerning business development opportunities, acquisitions and divestitures. Words such as "believes", "intends", "anticipates", "plans", "expects", "estimates", "projects", "forecasts", "will" and similar expressions, and references to guidance, are intended to identify forward-looking statements. Such statements are based on management's current assumptions and expectations and no assurances can be given that our assumptions or expectations will prove to be correct. A number of important risk factors could cause actual results to differ materially from the results described, implied or projected in any forward-looking statements. These factors include, without limitation: (1) markets into which we sell our products declining or not growing as anticipated; (2) fluctuations in the global economic and political environments, including as the result of recently implemented and recently threatened tariff increases; (3) our failure to introduce new products in a timely manner; (4) our ability to execute acquisitions and divestitures, license technologies, or to successfully integrate acquired businesses or licensed technologies into our existing businesses or to make them profitable; (5) our ability to compete effectively; (6) fluctuation in our quarterly operating results and our ability to adjust our operations to address unexpected changes; (7) significant disruption in third-party package delivery and import/export services or significant increases in prices for those services; (8) disruptions in the supply of raw materials and supplies; (9) our ability to retain key personnel; (10) significant disruption in our information technology systems, or cybercrime; (11) our ability to realize the full value of our intangible assets; (12) our failure to adequately protect our intellectual property; (13) the loss of any of our licenses or licensed rights; (14) the manufacture and sale of products exposing us to product liability claims; (15) our failure to maintain compliance with applicable government regulations; (16) our failure to comply with data privacy and information security laws and regulations; (17) regulatory changes; (18) our failure to comply with healthcare industry regulations; (19) economic, political and other risks associated with foreign operations; (20) our ability to obtain future financing; (21) restrictions in our credit agreements; (22) significant fluctuations in our stock price; (23) reduction or elimination of dividends on our common stock; and (24) other factors which we describe under the caption "Risk Factors" in our most recent quarterly report on Form 10-Q and in our other filings with the Securities and Exchange Commission. We disclaim any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this press release. About Revvity At Revvity, "impossible" is inspiration, and "can't be done" is a call to action. Revvity provides health science solutions, technologies, expertise and services that deliver complete workflows from discovery to development, and diagnosis to cure. Revvity is revolutionizing what's possible in healthcare, with specialized focus areas in translational multi-omics technologies, biomarker identification, imaging, prediction, screening, detection and diagnosis, informatics and more. With 2024 revenue of more than $2.7 billion and approximately 11,000 employees, Revvity serves customers across pharmaceutical and biotech, diagnostic labs, academia and governments. It is part of the S&P 500 index and has customers in more than 160 countries. Stay updated by following our Newsroom, LinkedIn, X, YouTube, Facebook and Instagram. Revvity, Inc. and Subsidiaries CONDENSED CONSOLIDATED INCOME STATEMENTS Three Months Ended Six Months Ended (In thousands, except per share data) June 29, 2025 June 30, 2024 June 29, 2025 June 30, 2024 Revenue $ 720,284 $ 691,685 $ 1,385,046 $ 1,341,605 Cost of revenue 327,728 306,179 616,944 601,052 Selling, general and administrative expenses 248,526 251,650 498,245 512,221 Research and development expenses 53,270 48,132 106,867 98,492 Operating income from continuing operations 90,760 85,724 162,990 129,840 Interest income (8,345 ) (20,512 ) (18,426 ) (40,598 ) Interest expense 22,937 24,717 45,901 49,114 Change in fair value of investments 1,955 (7,777 ) (1,118 ) (6,971 ) Other expense, net 5,563 2,634 15,601 7,084 Income from continuing operations, before income taxes 68,650 86,662 121,032 121,211 Provision for income taxes 13,428 14,056 24,141 19,909 Income from continuing operations 55,222 72,606 96,891 101,302 Loss from discontinued operations (1,274 ) (17,246 ) (706 ) (19,929 ) Net income $ 53,948 $ 55,360 $ 96,185 $ 81,373 Diluted earnings per share: Income from continuing operations $ 0.47 $ 0.59 $ 0.82 $ 0.82 Loss from discontinued operations (0.01 ) (0.14 ) (0.01 ) (0.16 ) Net income $ 0.46 $ 0.45 $ 0.81 $ 0.66 Weighted average diluted shares of common stock outstanding 117,538 123,477 118,882 123,494 ABOVE PREPARED IN ACCORDANCE WITH GAAP Additional supplemental information(1): (per share, continuing operations) GAAP EPS from continuing operations $ 0.47 $ 0.59 $ 0.82 $ 0.82 Amortization of intangible assets 0.73 0.73 1.41 1.47 Purchase accounting adjustments 0.02 0.01 0.02 0.06 Acquisition and divestiture-related costs 0.01 0.04 0.03 0.11 Change in fair value of investments 0.02 (0.06 ) (0.01 ) (0.06 ) Significant litigation matters and settlements 0.01 0.05 0.10 0.05 Significant environmental matters — — (0.01 ) — Mark to market on postretirement benefits — — 0.04 — Restructuring and other, net 0.10 0.08 0.12 0.18 Tax on above items (0.16 ) (0.21 ) (0.32 ) (0.44 ) Adjusted EPS from continuing operations $ 1.18 $ 1.22 $ 2.19 $ 2.19 (1) amounts may not sum due to rounding Revvity, Inc. and Subsidiaries REVENUE AND OPERATING INCOME (LOSS) Three Months Ended Six Months Ended (In thousands, except percentages) June 29, 2025 June 30, 2024 June 29, 2025 June 30, 2024 Revenue and adjusted operating income Revenue $ 720,284 $ 691,685 $ 1,385,046 $ 1,341,605 Reported operating income from continuing operations $ 90,760 $ 85,724 $ 162,990 $ 129,840 OP% 12.6 % 12.4 % 11.8 % 9.7 % Amortization of intangible assets 85,289 90,620 167,989 181,858 Purchase accounting adjustments 2,178 623 2,001 7,245 Acquisition and divestiture-related costs 1,248 5,779 3,789 17,241 Significant litigation matters and settlements 1,124 6,276 11,710 6,276 Significant environmental matters — — (1,208 ) — Restructuring and other, net 11,203 9,845 14,442 22,201 Adjusted operating income $ 191,802 $ 198,867 $ 361,713 $ 364,661 OP% 26.6 % 28.8 % 26.1 % 27.2 % Segment revenue and segment operating income Life Sciences $ 365,898 $ 348,525 $ 706,293 $ 685,039 Diagnostics 354,386 343,160 678,753 656,566 Segment revenue 720,284 691,685 1,385,046 1,341,605 Life Sciences $ 115,469 $ 117,567 $ 221,180 $ 218,518 31.6 % 33.7 % 31.3 % 31.9 % Diagnostics 89,422 92,749 163,437 168,953 25.2 % 27.0 % 24.1 % 25.7 % Segment operating income 204,891 210,316 384,617 387,471 Corporate (13,089 ) (11,449 ) (22,904 ) (22,810 ) Adjusted operating income 191,802 198,867 361,713 364,661 Amortization of intangible assets (85,289 ) (90,620 ) (167,989 ) (181,858 ) Purchase accounting adjustments (2,178 ) (623 ) (2,001 ) (7,245 ) Acquisition and divestiture-related costs (1,248 ) (5,779 ) (3,789 ) (17,241 ) Significant litigation matters and settlements (1,124 ) (6,276 ) (11,710 ) (6,276 ) Significant environmental matters — — 1,208 — Restructuring and other, net (11,203 ) (9,845 ) (14,442 ) (22,201 ) Reported operating income from continuing operations $ 90,760 ... $ 85,724 $ 162,990 $ 129,840 REVENUE AND REPORTED OPERATING INCOME (LOSS) PREPARED IN ACCORDANCE WITH GAAP Revvity, Inc. and Subsidiaries CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands) June 29, 2025 December 29, 2024 Current assets: Cash and cash equivalents $ 991,849 $ 1,163,396 Accounts receivable, net 661,138 632,400 Inventories, net 388,467 367,587 Other current assets 194,729 186,225 Total current assets 2,236,183 2,349,608 Property, plant and equipment, net 499,026 482,217 Operating lease right-of-use assets, net 177,168 167,716 Intangible assets, net 2,514,368 2,640,921 Goodwill 6,614,989 6,463,619 Other assets, net 321,055 288,397 Total assets $ 12,362,789 $ 12,392,478 Current liabilities: Current portion of long-term debt $ 230 $ 242 Accounts payable 178,151 167,463 Accrued expenses and other current liabilities 493,433 485,395 Total current liabilities 671,814 653,100 Long-term debt 3,214,324 3,150,476 Long-term liabilities 760,178 770,523 Operating lease liabilities 160,305 151,505 Total liabilities 4,806,621 4,725,604 Total stockholders' equity 7,556,168 7,666,874 Total liabilities and stockholders' equity $ 12,362,789 $ 12,392,478 PREPARED IN ACCORDANCE WITH GAAP Revvity, Inc. and Subsidiaries CONSOLIDATED STATEMENTS OF CASH FLOWS Three Months Ended Six Months Ended (In thousands) June 29, 2025 June 30, 2024 June 29, 2025 June 30, 2024 Operating activities: Net income $ 53,948 $ 55,360 $ 96,185 $ 81,373 Loss from discontinued operations, net of income taxes 1,274 17,246 706 19,929 Income from continuing operations 55,222 72,606 96,891 101,302 Adjustments to reconcile income from continuing operations to net cash provided by continuing operations: Stock-based compensation 10,133 10,526 17,864 22,218 Restructuring and other, net 11,203 9,845 14,442 22,201 Depreciation and amortization 102,778 107,344 200,200 215,146 Change in fair value of contingent consideration 459 176 (166 ) 6,349 Amortization of deferred debt financing costs and accretion of discounts 1,218 1,773 2,320 3,509 Change in fair value of investments 1,955 (7,777 ) (1,118 ) (6,971 ) Unrealized foreign exchange loss (gain) 206 (480 ) 140 (857 ) Changes in assets and liabilities which provided (used) cash: Accounts receivable, net (40,041 ) (8,995 ) (21,901 ) 28,194 Inventories, net 11,128 10,042 5,642 17,251 Accounts payable (5,576 ) (4,747 ) 3,278 (22,974 ) Accrued expenses and other (14,367 ) (7,985 ) (49,177 ) (52,894 ) Net cash provided by operating activities of continuing operations 134,318 182,328 268,415 332,474 Net cash used in operating activities of discontinued operations — (23,707 ) (5,942 ) (26,290 ) Net cash provided by operating activities 134,318 158,621 262,473 306,184 Investing activities: Capital expenditures (18,868 ) (22,031 ) (34,850 ) (39,875 ) Purchases of investments and notes receivables — (4,000 ) — (4,337 ) Proceeds from disposition of businesses and assets — — 229 — Net cash used in investing activities of continuing operations (18,868 ) (26,031 ) (34,621 ) (44,212 ) Net cash provided by investing activities of discontinued operations 9,375 147,522 18,750 147,522 Net cash (used in) provided by investing activities (9,493 ) 121,491 (15,871 ) 103,310 Financing Activities: Payments of debt financing costs (72 ) — (2,474 ) — Payments on other credit facilities (53 ) (389 ) (103 ) (11,200 ) Payments for acquisition-related contingent consideration (161 ) — (1,978 ) (8,749 ) Proceeds from issuance of common stock under stock plans — 2,089 2,632 6,032 Purchases of common stock (293,907 ) (19,553 ) (447,501 ) (30,309 ) Dividends paid (8,282 ) (8,642 ) (16,715 ) (17,282 ) Net cash used in financing activities of continuing operations (302,475 ) (26,495 ) (466,139 ) (61,508 ) Effect of exchange rate changes on cash, cash equivalents, and restricted cash 31,953 (3,654 ) 48,075 (12,931 ) Net (decrease) increase in cash, cash equivalents, and restricted cash (145,697 ) 249,963 (171,462 ) 335,055 Cash, cash equivalents, and restricted cash at beginning of period 1,138,687 999,465 1,164,452 914,373 Cash, cash equivalents, and restricted cash at end of period $ 992,990 $ 1,249,428 $ 992,990 $ 1,249,428 Supplemental disclosure of cash flow information: Reconciliation of cash, cash equivalents and restricted cash reported within the condensed balance sheets that sum to the total shown in the consolidated statements of cash flows: Cash and cash equivalents $ 991,849 $ 1,248,120 $ 991,849 $ 1,248,120 Restricted cash included in other current assets 1,141 1,308 1,141 1,308 Total cash, cash equivalents and restricted cash $ 992,990 $ 1,249,428 $ 992,990 $ 1,249,428 PREPARED IN ACCORDANCE WITH GAAP Revvity, Inc. and Subsidiaries RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (1) Continuing Operations Three Months Ended June 29, 2025 Organic revenue growth: Revenue growth from continuing operations 4% Less: effect of foreign exchange rates 1% Less: effect of acquisitions including purchase accounting adjustments and impact of divested businesses 0% Organic revenue growth from continuing operations 3% Life Sciences Three Months Ended June 29, 2025 Organic revenue growth: Revenue growth from continuing operations 5% Less: effect of foreign exchange rates 1% Less: effect of acquisitions including purchase accounting adjustments and impact of divested businesses 0% Organic revenue growth from continuing operations 4% Diagnostics Three Months Ended June 29, 2025 Organic revenue growth: Revenue growth from continuing operations 3% Less: effect of foreign exchange rates 1% Less: effect of acquisitions including purchase accounting adjustments and impact of divested businesses 0% Organic revenue growth from continuing operations 2% (1) amounts may not sum due to rounding Revvity, Inc. and Subsidiaries RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (1) Continuing Operations Six Months Ended June 29, 2025 Organic revenue growth: Revenue growth from continuing operations 3% Less: effect of foreign exchange rates 0% Less: effect of acquisitions including purchase accounting adjustments and impact of divested businesses 0% Organic revenue growth from continuing operations 3% Life Sciences Six Months Ended June 29, 2025 Organic revenue growth: Revenue growth from continuing operations 3% Less: effect of foreign exchange rates 0% Less: effect of acquisitions including purchase accounting adjustments and impact of divested businesses 0% Organic revenue growth from continuing operations 3% Diagnostics Six Months Ended June 29, 2025 Organic revenue growth: Revenue growth from continuing operations 3% Less: effect of foreign exchange rates 0% Less: effect of acquisitions including purchase accounting adjustments and impact of divested businesses 0% Organic revenue growth from continuing operations 4% (1) amounts may not sum due to rounding Revvity, Inc. and Subsidiaries FY 2025 ORGANIC REVENUE GROWTH FORECAST (1) Continuing Operations Twelve Months Ended December 28, 2025 Organic revenue growth: Projected Revenue growth from continuing operations 3% - 5% Less: effect of foreign exchange rates 1% Less: effect of acquisitions including purchase accounting adjustments and impact of divested businesses 0% Organic revenue growth from continuing operations 2% - 4% (1) amounts may not sum due to rounding Explanation of Non-GAAP Financial Measures We report our financial results in accordance with GAAP. However, management believes that, in order to more fully understand our short-term and long-term financial and operational trends, investors may wish to consider the impact of certain non-cash, non-recurring or other items, which result from facts and circumstances that vary in frequency and impact on continuing operations. Accordingly, we present non-GAAP financial measures as a supplement to the financial measures we present in accordance with GAAP. These non-GAAP financial measures provide management with additional means to understand and evaluate the operating results and trends in our ongoing business by adjusting for certain non-cash expenses and other items that management believes might otherwise make comparisons of our ongoing business with prior periods more difficult, obscure trends in ongoing operations, or reduce management's ability to make useful forecasts. Management believes these non-GAAP financial measures provide additional means of evaluating period-over-period operating performance. In addition, management understands that some investors and financial analysts find this information helpful in analyzing our financial and operational performance and comparing this performance to our peers and competitors. We use the term "organic revenue" to refer to GAAP revenue, excluding the effect of foreign currency changes and revenue from recent acquisitions and divestitures and including purchase accounting adjustments for revenue from contracts acquired in acquisitions that will not be fully recognized due to accounting rules. We use the related term "organic revenue growth" or "organic growth" to refer to the measure of comparing current period organic revenue with the corresponding period of the prior year. We use the term "adjusted gross margin" to refer to GAAP gross margin, excluding amortization of intangible assets and inventory fair value adjustments related to business acquisitions and asset impairments. We use the related term "adjusted gross margin percentage" to refer to adjusted gross margin as a percentage of revenue. We use the term "adjusted SG&A expense" to refer to GAAP SG&A expense, excluding amortization of intangible assets, purchase accounting adjustments, acquisition and divestiture-related expenses, significant litigation matters and settlements, asset impairments, significant environmental charges, and restructuring and other charges. We use the related term "adjusted SG&A percentage" to refer to adjusted SG&A expense as a percentage of revenue. We use the term "adjusted R&D expense" to refer to GAAP R&D expense, excluding amortization of intangible assets and purchase accounting adjustments. We use the related term "adjusted R&D percentage" to refer to adjusted R&D expense as a percentage of revenue. We use the term "adjusted net interest and other expense" to refer to GAAP net interest and other expense, excluding adjustments for mark-to-market accounting on post-retirement benefits, changes in foreign exchange and interest associated with acquisitions and divestitures, changes in the value of investments and debt extinguishment costs. We use the term "adjusted operating income" to refer to GAAP operating income, excluding amortization of intangible assets, other purchase accounting adjustments, acquisition and divestiture-related expenses, significant litigation matters and settlements, significant environmental charges, asset impairments, and restructuring and other charges. We use the related terms "adjusted operating profit percentage," "adjusted operating profit margin," and "adjusted operating margin" to refer to adjusted operating income as a percentage of revenue. We use the term "free cash flow" to refer to net cash provided by (used in) operating activities of continuing operations, less payments for additions to property, plant and equipment from continuing operations ("capital expenditures") plus the proceeds from sales of plant, property and equipment from continuing operations ("capital disposals"). We use the term "adjusted net income" to refer to GAAP income from continuing operations, excluding amortization of intangible assets, debt extinguishment costs, other purchase accounting adjustments, acquisition and divestiture-related expenses, significant litigation matters and settlements, significant environmental charges, changes in the value of investments, disposition of businesses and assets, net, changes in foreign exchange and interest associated with acquisitions and divestitures, asset impairments and restructuring and other charges. We also exclude adjustments for mark-to-market accounting on post-retirement benefits, therefore only our projected costs have been used to calculate this non-GAAP measure. We also adjust for any tax impact related to the above items and exclude the impact of significant tax events. We use the term "adjusted earnings per share from continuing operations," "adjusted earnings per share," "adjusted EPS," or "adjusted EPS from continuing operations" to refer to GAAP earnings per share from continuing operations, excluding amortization of intangible assets, debt extinguishment costs, other purchase accounting adjustments, acquisition and divestiture-related expenses, significant litigation matters and settlements, significant environmental charges, changes in the value of investments, disposition of businesses and assets, net, changes in foreign exchange and interest associated with acquisitions and divestitures, asset impairments and restructuring and other charges. We also exclude adjustments for mark-to-market accounting on post-retirement benefits, therefore only our projected costs have been used to calculate this non-GAAP measure. We also adjust for any tax impact related to the above items and exclude the impact of significant tax events. Management includes or excludes the effect of each of the items identified below in the applicable non-GAAP financial measure referenced above for the reasons set forth below with respect to that item: Amortization of intangible assets—purchased intangible assets are amortized over their estimated useful lives and generally cannot be changed or influenced by management after the acquisition. Accordingly, this item is not considered by management in making operating decisions. Management does not believe such charges accurately reflect the performance of our ongoing operations for the period in which such charges are incurred. Debt extinguishment costs—we incur costs and income related to the extinguishment of debt; including make-whole payments to debt holders, accelerated amortization of debt fees and discounts, and expense or income from hedges to lock in make-whole payments. We exclude the impact of these items from our non-GAAP measures because we believe they do not reflect the performance of our ongoing operations. Other purchase accounting adjustments—accounting rules require us to adjust various balance sheet accounts, including inventory, fixed assets, deferred revenue and deferred rent balances to fair value at the time of the acquisition. As a result, the expenses for these items in our GAAP results are not the same as what would have been recorded by the acquired entity. Accounting rules also require us to estimate the fair value of contingent consideration at the time of the acquisition, and any subsequent changes to the estimate or payment of the contingent consideration and purchase accounting adjustments are charged to expense or income. We exclude the impact of any changes to contingent consideration from our non-GAAP measures because we believe these expenses or benefits do not accurately reflect the performance of our ongoing operations for the period in which such expenses or benefits are recorded. Acquisition and divestiture-related expenses—we incur legal, due diligence, stay bonuses, incentive awards, stock-based compensation, interest, foreign exchange gains and losses, integration expenses, rebranding expenses, transformation expenses, and other costs related to acquisitions and divestitures. We exclude these expenses from our non-GAAP measures because we believe they do not reflect the performance of our ongoing operations. Asset impairments—we incur expenses related to asset impairments. Management does not believe such charges accurately reflect the performance of our ongoing operations for the periods in which such charges were incurred. Restructuring and other charges—restructuring and other charges consist of employee severance, other exit costs, abandonments or associated asset write-downs, cost of terminating certain lease agreements or contracts as well as costs associated with relocating facilities. Management does not believe such costs accurately reflect the performance of our ongoing operations for the period in which such costs are reported. Adjustments for mark-to-market accounting on post-retirement benefits—we exclude adjustments for mark-to-market accounting on post-retirement benefits, and therefore only our projected costs are used to calculate our non-GAAP measures. We exclude these adjustments because they do not represent what we believe our investors consider to be costs of producing our products, investments in technology and production, and costs to support our internal operating structure. Significant litigation matters and settlements—we incur expenses related to significant litigation matters, including the costs to settle or resolve various claims and legal proceedings. Management does not believe such charges accurately reflect the performance of our ongoing operations for the periods in which such charges were incurred. Significant environmental charges—we incur expenses related to significant environmental charges. Management does not believe such charges accurately reflect the performance of our ongoing operations for the periods in which such charges were incurred. Disposition of businesses and assets, net—we exclude the impact of gains or losses from the disposition of businesses and assets from our adjusted earnings per share. Management does not believe such gains or losses accurately reflect the performance of our ongoing operations for the period in which such gains or losses are reported. Impact of foreign currency changes on the current period—we exclude the impact of foreign currency associated with acquisitions and divestitures from these measures by using the prior period's foreign currency exchange rates for the current period because foreign currency exchange rates are subject to volatility and can obscure underlying trends. Impact of significant tax events—we exclude the impact of significant tax events. Management does not believe the impact of significant tax events accurately reflects the performance of our ongoing operations for the periods in which the impact of such events was recorded. Changes in value of investments—we exclude the impact of changes in the value of investments. Management does not believe such gains or losses accurately reflect the performance of our ongoing operations for the period in which such gains or losses are reported. The tax effect for discontinued operations is calculated based on the authoritative guidance in the Financial Accounting Standards Board's Accounting Standards Codification 740, Income Taxes. The tax effect for amortization of intangible assets, inventory fair value adjustments related to business acquisitions, changes to the fair values assigned to contingent consideration, debt extinguishment costs, other costs related to business acquisitions and divestitures, significant litigation matters and settlements, significant environmental charges, changes in the fair value of investments, adjustments for mark-to-market accounting on post-retirement benefits, disposition of businesses and assets, net, and restructuring and other charges is calculated based on operational results and a blended jurisdictional tax rate, which contemplates tax rates currently in effect to determine our tax provision. The tax effect for the impact from foreign currency exchange rates on the current period is calculated based on a blended jurisdictional tax rate currently in effect to determine our tax provision. The non-GAAP financial measures described above are not meant to be considered superior to, or a substitute for, our financial statements prepared in accordance with GAAP. There are material limitations associated with non-GAAP financial measures because they exclude charges that have an effect on our reported results and, therefore, should not be relied upon as the sole financial measures by which to evaluate our financial results. Management compensates and believes that investors should compensate for these limitations by viewing the non-GAAP financial measures in conjunction with the GAAP financial measures. In addition, the non-GAAP financial measures included in this earnings announcement may be different from, and therefore may not be comparable to, similar measures used by other companies. Each of the non-GAAP financial measures listed above is also used by our management to evaluate our operating performance, communicate our financial results to our Board of Directors, benchmark our results against our historical performance and the performance of our peers, evaluate investment opportunities including acquisitions and discontinued operations, and determine the bonus payments for senior management and employees. View source version on Contacts Investor Relations: Steve Media Relations: Chet Murray(781) Sign in to access your portfolio
Fast Company
44 minutes ago
- Fast Company
You're about to see PopUp Bagels everywhere
Bright and early on a recent Saturday morning, a line snaked around the block in Boston's trendy Seaport District. People were patiently waiting to get their hands on PopUp Bagels—soft, steaming hot bagels designed to be torn and dipped directly into tubs of cream cheese or butter. PopUp Bagels wants to help Americans reimagine our relationship with this beloved breakfast food, and it's well on its way to doing so. Today, it announces an ambitious expansion from its 13 stores on the East Coast to a fleet of 300 stores from coast to coast with a focus on hubs like Atlanta; Nashville; and Orlando, Florida. 'We're bringing our stores to places where people don't necessarily think of themselves as 'bagel people',' says Adam Goldberg, PopUp Bagels' founder. 'We're introducing bagels into their routines.' The company began as a pandemic hobby for Goldberg, a flood mitigation expert from Connecticut. In lockdown, Goldberg started baking. After trying his hand at sourdough bread, he moved on to bagels. With much tinkering, he developed a recipe for a bagel that had a softer, lighter texture than the dense bagels you find in New York. The bagels were so delicious friends and neighbors wanted to buy them by the dozen. Two years later, Goldberg began opening pop-up shops around New York City that attracted large crowds. To many people, PopUp Bagels offers a fun new take on bagels. Most bagel shops bake their goods in the morning, then toast them for customers. But PopUp Bagels are meant to be served fresh from the oven. They're satisfying to rip apart, with a crisp exterior that provides contrast with the soft interior. At the Seaport District, people were scattered at picnic tables and benches, dipping their bagels directly into different flavored schmears. They can also be eaten cold in a more traditional way, by slicing them and slathering them with cream cheese and lox. Goldberg points out that the New York bagel has evolved over the years to become what it is. His bagels are actually reminiscent of those in New York shops from decades ago. 'I've had so many New Yorkers tell me these bagels remind them of their childhood,' he says. 'Back then, people lined up for hot bagels straight out of the oven, when they were at their peak performance.' Part of the reason bagels stopped being served this way is that it is logistically challenging to serve them hot at scale. Each store needs to predict demand, then bake them at steady rate that keeps pace with the line. PopUp has turned this process into an art with the help of Tory Bartlett, whom Goldberg appointed as CEO last November. Bartlett, who previously saw the expansion of Moe's Southwest Grill to 600 locations, is familiar with scaling food businesses. Bartlett says that PopUp Bagels has streamlined its operations by exclusively selling bagels and coffee; it doesn't make sandwiches. It also sells bagels in bundles of three, six, or a dozen, rather than one at a time. (Prices vary from $13 to $15 for a three pack and a schmear, depending on the market.) This allows them to better predict demand and generate revenue. 'The unit economics of a business needs to be competitive as you scale,' says Bartlett. 'It's hard to make money by selling one or two bagels at $3 a pop. But selling a three pack protects the transaction.' Another reason the shops are profitable is that they don't require a very large footprint. They just need a couple of ovens and a counter. Employees focus on quickly packing bags of bagels and schmears for customers. 'We don't need a lot of workers,' Bartlett says. 'It's a very streamlined operation.' The efficiency of the business convinced Bartlett that it was possible to quickly scale PopUp. In 2023, the company received an infusion of $8 million Series A funding, and last year, it took a Series B round, both of which were led by Stripes, a growth equity firm. They then began the process of franchising PopUp. Bartlett says they were extremely judicious about their partners. They're only working with 15 franchisees, who will each run dozens of shops. 'Thousands of people reached out to work with us, but we were extremely selective about whom we partnered with,' says Bartlett. 'We picked people who are very passionate about this business.' To keep the taste of the bagels consistent, PopUp will make the dough and disseminate regionally. This will allow the franchisees to focus on the operations of delivering hot bagels quickly. If the other locations are any guide, there are likely to be long lines at all of these new stores, as people experience the novelty of the PopUp experience. But can the company keep up this level of interest? Goldberg has high hopes. 'Conveniently, we've landed on a product that has been a staple for many people throughout their entire lives,' he says. 'The fact that we're making something that people love anyway gives us a head start. The super-early-rate deadline for Fast Company's Most Innovative Companies Awards is tonight, July 25, at 11:59 p.m. PT. Apply today.
Yahoo
an hour ago
- Yahoo
Can Nvidia Stock Skyrocket Another 370% By 2030? 1 Wall Street Analyst Says Yes.
Key Points Global data center capital expenditures are expected to reach $1 trillion by 2028. Nvidia already takes a massive cut of that spending. 10 stocks we like better than Nvidia › Nvidia (NASDAQ: NVDA) has been one of the best-performing stocks in recent years, with its price up more than 1,000% since 2023 and around 250% since 2024. However, one Wall Street analyst believes that Nvidia still has plenty of room to soar. Phil Panaro of the Boston Consulting Group thinks that the stock could reach $800 per share by 2030, representing a 370% increase from current levels. Considering that it's already the world's largest company, that's a bold call. But is this $800 price target realistic? Let's back-calculate the numbers to find out. Nvidia forecasts monster growth for data centers Nvidia makes graphics processing units (GPUs) alongside other hardware and software that support them. Although originally designed to process gaming graphics, GPUs are incredibly useful for any task that requires a significant amount of computing power. GPUs can process multiple calculations in parallel, which allows them to excel at these complex tasks. They have been widely used in processing engineering simulations, drug discovery, cryptocurrency mining, and their largest assignment to date: training and processing AI models. Nvidia sells most of its GPUs to AI hyperscalers, which then place them in data centers to create powerful computing clusters. Its revenue growth has been impressive, but it's nowhere near done expanding. The company likes to cite third-party research that shows data center capital expenditures (capex) were $400 billion in 2024 and are expected to increase to $1 trillion by 2028. Considering that the chipmaker generated $115 billion in data center revenue during fiscal 2025 (which encompasses most of 2024), it captured nearly 30% of total spending on it. Should this $1 trillion projection come to fruition and Nvidia maintains a 30% market share, that would mean it will generate $300 billion in revenue. Over the past 12 months, the company has $149 billion in revenue, indicating about 100% growth if the projection comes true. That's far shy of the 370% growth needed to turn it into an $800 stock, as Phil Panaro projects, but it's still strong and market-beating growth. But Panaro's call isn't for 2028, it's for 2030. So we need to look beyond the projection that Nvidia is citing. Even an extended time frame doesn't get Nvidia to $800 The global data center capex figure cited by Nvidia in its 2025 GTC event indicates a compound annual growth rate of 26%. If the data center industry can maintain that growth rate for two extra years until 2030, projected capex would reach nearly $1.6 trillion. If the company can maintain its 30% market share, its revenue would be $473 trillion, indicating 217% growth. This clearly falls short of the 350% Nvidia would need to achieve the $800 price target that Panaro has assigned to the stock. As a result, I don't think the chipmaker can reach Panaro's target within his specified time frame. Still, these calculations have shown that if the data center capex projections are met over the next few years -- and Nvidia maintains its market share dominance -- it can be an incredibly strong performer, delivering market-crushing returns. That makes it a solid stock to buy now, and I think investors would be wise to add Nvidia shares over the next few months. Should you buy stock in Nvidia right now? Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Nvidia wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $636,628!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,063,471!* Now, it's worth noting Stock Advisor's total average return is 1,041% — a market-crushing outperformance compared to 183% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 21, 2025 Keithen Drury has positions in Nvidia. The Motley Fool has positions in and recommends Nvidia. The Motley Fool has a disclosure policy. Can Nvidia Stock Skyrocket Another 370% By 2030? 1 Wall Street Analyst Says Yes. was originally published by The Motley Fool Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
