Latest news with #Q2Results
Yahoo
17 hours ago
- Business
- Yahoo
ParkOhio Announces Second Quarter 2025 Results Webcast
CLEVELAND, Ohio, July 30, 2025--(BUSINESS WIRE)--ParkOhio (NASDAQ: PKOH) announces the following webcast: What: ParkOhio (NASDAQ: PKOH) Second Quarter 2025 Results Conference Call When: Thursday, August 7, 2025, at 10:00 a.m. Eastern Time Where: How: Live over the Internet -- Simply log on to the link above. Contact: Matthew V. Crawford, Chairman, President, & Chief Executive Officer 440.947.2000 If you are unable to participate during the live webcast, the call will be archived at ParkOhio is a diversified international company providing world class customers with a supply chain management outsourcing service, capital equipment used on their production lines, and manufactured components used to assemble their products. Headquartered in Cleveland, Ohio, ParkOhio operates more than 130 manufacturing sites and supply chain logistics facilities, through three reportable segments: Supply Technologies, Assembly Components and Engineered Products. View source version on Contacts Matthew V. Crawford, Chairman, President, & Chief Executive OfficerPark-Ohio Holdings Corp.440.947.2000 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
Fast Company
7 days ago
- Automotive
- Fast Company
Tesla stock price falls again: 3 factors weighing Elon Musk's EV maker down
Investors in Tesla can't seem to catch a break. Yesterday, Elon Musk's electric vehicle company reported its Q2 2025 results—and they weren't good. Today, the stock (Nasdaq: TSLA) is down significantly because of it. Here's what you need to know about TSLA's latest movement. TSLA shares hit in early trading As of the time of this writing, TSLA shares are currently down over 6%, or $20 per share, to $312.56 in premarket trading. That drop comes after the company reported its second-quarter results for its fiscal 2025 yesterday. The company reported that it produced 410,244 vehicles during the quarter, over 396,000 of which were its popular models 3 and Y. During the same period, Tesla delivered 384,122 vehicles, its models 3 and Y accounting for over 373,000 of those deliveries. But what seems to have concerned investors the most about the company's Q2 results is its revenue number. For the quarter, Tesla reported revenue of $22.5 billion. That was a 12% decline from the $25.5 billion that the company posted in the same quarter a year earlier. It was also worse than the $22.74 billion in revenue that many analysts were expecting. Even worse was that this revenue decline was the second quarterly revenue drop in a row, and it came after Tesla launched refreshed versions of its popular Model Y SUV. 3 factors weighing Tesla down Tesla is facing several problems, which are both impacting its revenue and making investors nervous for the future. The main problem is that Tesla's revenues are declining. This decline can be attributed to multiple factors, the first being Musk himself. Ever since CEO Elon Musk leapt headfirst into politics earlier this year, Tesla's brand has taken a popularity hit. Musk's leadership of the Department of Government Efficiency (DOGE)—and the extreme cuts it implemented after President Trump's inauguration—was deeply unpopular with progressives, who have historically been the ones attracted to Tesla's electric vehicles. This alienation of a large part of Tesla's customer base hasn't done the company any favors as far as sales are concerned. But Musk isn't directly to blame for all of the problems Tesla is facing. The second factor hurting the company is increased competition from electric vehicles produced by competitors around the world. Car manufacturers of all stripes, from America to Europe to Asia, are releasing EVs that are often much more affordable than Tesla's, giving customers cheaper options to choose from. A third factor that is likely weighing on investors' minds is the upcoming expiration of the $7,500 electric vehicle tax credit in the United States. This EV credit was killed in Trump's Big Beautiful Bill Act, which Elon Musk vehemently opposed. The credit expires on September 30, and investors are nervous about how the loss of the credit will impact sales of Tesla's pricy EVs. TSLA shares have had a rough 2025 After Tesla's disappointing Q2 2025 earnings yesterday, the stock is down over 6% in premarket trading this morning as of the time of this writing. However, that's not the worst news when it comes to Tesla's stock price. After hitting an all-time high of $488.54 per share in December 2024, TSLA shares have declined sharply. As of yesterday's close at $332 per share, Tesla's shares have declined 17.6% this year. Tesla's additional 6% decline is only compounding those losses and shows that investors are still jittery about where the company's sales go from here.
Yahoo
7 days ago
- Business
- Yahoo
Allient Inc. Announces Second Quarter 2025 Financial Results Conference Call and Webcast
BUFFALO, N.Y., July 24, 2025--(BUSINESS WIRE)--Allient Inc. (Nasdaq: ALNT) ("Allient" or the "Company"), a global designer and manufacturer of precision and specialty Motion, Controls and Power products and solutions for targeted industries and applications, announced today that it will release its second quarter 2025 results after the close of financial markets on Wednesday, August 6, 2025. The Company will host a conference call and webcast the following day to review the financial and operating results for the period. A question-and-answer session will follow. Second Quarter 2025 Conference Call Date: Thursday, August 7, 2025Time: 10:00 a.m. Eastern TimePhone: (412) 634-6879Webcast and accompanying slide presentation: A telephonic replay will be available from 2:00 p.m. ET on the day of the call through Thursday, August 21, 2025. To listen to the archived call, dial (412) 317-6671 and enter replay PIN 10200458. The webcast replay will be available on the Company's website, where a transcript will be posted once available. About Allient Inc. Allient (Nasdaq: ALNT) is a global engineering and manufacturing enterprise that develops solutions to drive the future of market-moving industries, including medical, life sciences, aerospace and defense, industrial automation, robotics, semi-conductor, transportation, agriculture, construction and facility infrastructure. A family of globally responsible companies, Allient takes a One-Team approach to "Connect What Matters" and provides the most robust, reliable, and high-value products and systems by utilizing its core Motion, Controls, and Power technologies and platforms. Headquartered in Buffalo, N.Y., Allient employs more than 2,500 team members around the world. To learn more, visit View source version on Contacts Investor: Craig P. Mychajluk / Deborah K. PawlowskiAlliance Advisors IR716-843-3832 / 716-843-3908cmychajluk@ / dpawlowski@
Yahoo
24-07-2025
- Business
- Yahoo
Keurig Dr Pepper Reports Q2 2025 Results and Reaffirms Guidance for 2025
Strong Q2 Results Fueled by Healthy Top-Line Growth and Cost Discipline Momentum in U.S. Refreshment Beverages and International, with Improving U.S. Coffee Trends Company Reaffirms 2025 Constant Currency Net Sales and Adjusted EPS Outlook BURLINGTON, Mass. and FRISCO, Texas, July 24, 2025 /PRNewswire/ -- Keurig Dr Pepper Inc. (NASDAQ: KDP) today reported results for the second quarter of 2025 and reaffirmed its full year guidance. Reported GAAP BasisAdjusted Basis1 Q2YTDQ2YTD Net Sales$4.16 bn$7.80 bn$4.16 bn$7.80 bn % vs prior year6.1 %5.5 %7.2 %6.8 % Diluted EPS$0.40$0.78$0.49$0.91 % vs prior year5.3 %11.4 %11.1 %9.5 % Commenting on the quarter, CEO Tim Cofer stated, "Our Q2 results cemented a strong first half of the year, as we drove robust performance in U.S. Refreshment Beverages, good growth in International, and sequential progress in U.S. Coffee. Today's dynamic environment puts a premium on operational excellence, which we are demonstrating while pushing ahead on our multi-year strategic agenda. Though the back half will present new challenges, we are on track to deliver our 2025 outlook and are confident in the long-term value creation ahead." Second Quarter Consolidated Results Net sales for the second quarter increased 6.1% to $4.2 billion. On a constant currency basis, net sales advanced 7.2%, driven by volume/mix growth of 5.0% and favorable net price realization of 2.2%. The acquisition of GHOST contributed 4.0 percentage points to volume/mix growth. GAAP operating income increased 4.3% to $898 million, including an unfavorable year-over-year impact of items affecting comparability. Adjusted operating income increased 7.0% to $1,028 million and totaled 24.7% of net sales. GAAP and Adjusted operating income growth were driven by net sales growth and productivity savings, partially offset by the impact of inflationary pressures. GAAP net income increased 6.2% to $547 million, or $0.40 per diluted share, including an unfavorable year-over-year impact of items affecting comparability. Adjusted net income increased 10.5% to $673 million and Adjusted diluted EPS increased 11.1% to $0.49. Adjusted diluted EPS growth was driven by the Adjusted operating income growth. Operating cash flow for the second quarter was $431 million and free cash flow totaled $325 million. _______________________ 1 Adjusted financial metrics presented in this release are non-GAAP, excluding items affecting comparability. Adjusted growth rates are non-GAAP, excluding items affecting comparability and presented on a constant currency basis. See reconciliations of GAAP results to Adjusted results on a constant currency basis in the accompanying tables. Second Quarter Segment Results U.S. Refreshment Beverages Net sales for the second quarter increased 10.5% to $2.7 billion, driven by volume/mix growth of 9.5% and favorable net price realization of 1.0%. Segment growth reflected market share gains in carbonated soft drinks, energy, and sports hydration, as well as the acquisition of GHOST. GAAP operating income increased 4.0% to $746 million, which included an unfavorable year-over-year impact of items affecting comparability. Adjusted operating income increased 8.0% to $781 million and totaled 29.4% of net sales. GAAP and Adjusted operating income growth were driven by net sales growth and productivity savings, partially offset by the impact of inflationary pressures. U.S. Coffee Net sales for the second quarter decreased 0.2% to $0.9 billion. Favorable net price realization of 3.6% was offset by a volume/mix decline of 3.8%. The approximately flat net sales result reflected K-Cup pricing actions taken to combat inflation, offset by pod and brewer shipment declines. GAAP operating income increased 2.2% to $233 million. Adjusted operating income increased 2.0% to $299 million and totaled 31.5% of net sales. GAAP and Adjusted operating income growth were driven by net price realization and cost efficiency measures, partially offset by the impact of inflationary pressures. International Net sales for the second quarter decreased 1.8% to $0.6 billion. On a constant currency basis, net sales increased 5.7%, driven by favorable net price realization of 5.3% and volume/mix growth of 0.4%. Performance was led by market share gains in key categories such as mineral water in Mexico and single serve coffee in Canada. GAAP operating income decreased 4.7% to $143 million, including an unfavorable impact from foreign exchange translation. Adjusted operating income increased 2.6% to $145 million and totaled 26.1% of net sales. Adjusted operating income growth was driven by net sales growth and productivity savings, partially offset by the impact of inflationary pressures. 2025 Guidance The 2025 guidance provided below is presented on a constant currency, non-GAAP basis. The Company does not provide reconciliations of such forward-looking non-GAAP measures to GAAP measures, due to the inability to predict the amount and timing of impacts outside of the Company's control on certain items, such as non-cash gains or losses resulting from mark-to-market adjustments of derivative instruments, among others, which could be material. Reconciling such items would require unreasonable efforts. KDP reaffirmed its fiscal 2025 guidance for constant currency net sales growth in a mid-single-digit range and Adjusted diluted EPS growth in a high-single-digit range. At current rates, foreign currency translation is forecasted to approximate a one half of one percentage point headwind to full year top- and bottom-line growth. Investor Contact: Investor Relations T: 888-340-5287 / IR@ Media Contact: Katie Gilroy T: 781-418-3345 / ABOUT KEURIG DR PEPPER Keurig Dr Pepper (Nasdaq: KDP) is a leading beverage company in North America, with a portfolio of more than 125 owned, licensed and partner brands and powerful distribution capabilities to provide a beverage for every need, anytime, anywhere. With annual revenue of more than $15 billion, we hold leadership positions in beverage categories including carbonated soft drinks, coffee, tea, water, juice and mixers, and have the #1 single serve coffee brewing system in the U.S. and Canada. Our innovative partnership model builds emerging growth platforms in categories such as premium coffee, energy, sports hydration and ready-to-drink coffee. Our brands include Keurig®, Dr Pepper®, Canada Dry®, Mott's®, A&W®, Peñafiel®, Snapple®, 7UP®, Green Mountain Coffee Roasters®, GHOST®, Clamato®, Core Hydration® and The Original Donut Shop®. Driven by a purpose to Drink Well. Do Good., our 29,000 employees aim to enhance the experience of every beverage occasion and to make a positive impact for people, communities and the planet. For more information, visit and follow us @KeurigDrPepper on LinkedIn and Instagram. FORWARD LOOKING STATEMENTS Certain statements contained herein are "forward-looking statements" within the meaning of applicable securities laws and regulations. These forward-looking statements can generally be identified by the use of words such as "outlook," "guidance," "anticipate," "enable," "expect," "believe," "could," "confident," "estimate," "feel," "forecast," "intend," "may," "on track," "plan," "positioned," "potential," "project," "should," "target," "will," "would," and similar words. Forward-looking statements by their nature address matters that are, to different degrees, uncertain. These statements are based on the current expectations of our management, are not predictions of actual performance, and actual results may differ materially. Forward-looking statements are subject to a number of risks and uncertainties, including the factors disclosed in our Annual Report on Form 10-K and subsequent filings with the SEC. Our actual financial performance could differ materially from those projected in the forward-looking statements due to a variety of factors, including the inherent uncertainty of estimates, forecasts and projections, global economic uncertainty or economic downturns, tariffs or the imposition of new tariffs, trade wars, barriers or restrictions, or threats of such actions and related uncertainty, and the possibility that we are unable to successfully integrate GHOST Lifestyle LLC ("GHOST") into our business, and our financial performance may be better or worse than anticipated. We are under no obligation to update, modify or withdraw any forward-looking statements, except as required by applicable law. NON-GAAP FINANCIAL MEASURES This release includes certain non-GAAP financial measures, which differ from results using U.S. Generally Accepted Accounting Principles (GAAP). These non-GAAP financial measures should be considered as supplements to and should not be considered replacements for, or superior to, the GAAP measures. These measures may differ from similarly titled non-GAAP financial measures presented by other companies, and other companies may not define the non-GAAP financial measure in the same way. Non-GAAP financial measures typically exclude certain charges, including one-time costs that are not expected to occur routinely in future periods, described by the Company as "items affecting comparability". Refer to page A-5 for the Company's description of items affecting comparability for each period presented. The Company uses non-GAAP financial measures to evaluate our operating and financial performance and to compare such performance to that of prior periods and to the performance of our competitors. Additionally, we use non-GAAP financial measures in making operational and financial decisions and in our budgeting and planning process. We believe that providing non-GAAP financial measures to investors helps investors evaluate our operating performance, profitability and business trends in a way that is consistent with how management evaluates such performance. Adjusted gross profit. Adjusted gross profit is defined as Net sales less Cost of sales, as adjusted for items affecting comparability as described on page A-5. Management believes that Adjusted gross profit is useful for investors in evaluating the Company's operating results and understanding the Company's operating trends by adjusting certain items that can vary significantly depending on specific underlying transactions or events, thereby affecting comparability. Adjusted operating income. Adjusted operating income is defined as Income from operations, as adjusted for items affecting comparability as described on page A-5. Management believes that Adjusted operating income is useful for investors in evaluating the Company's operating results and understanding the Company's operating trends by adjusting certain items that can vary significantly depending on specific underlying transactions or events, thereby affecting comparability. Adjusted net income. Adjusted net income is defined as Net income, as adjusted for items affecting comparability as described on page A-5. Management believes that Adjusted net income is useful for investors in evaluating the Company's operating results and understanding the Company's operating trends by adjusting certain items that can vary significantly depending on specific underlying transactions or events, thereby affecting comparability. Adjusted diluted EPS. Adjusted diluted EPS is defined as Diluted EPS, as adjusted for items affecting comparability as described on page A-5. Management believes that Adjusted diluted EPS is useful for investors in providing period-to-period comparisons of the results of our operations since it adjusts for certain items affecting overall comparability. Adjusted gross margin. Adjusted gross margin is defined as Adjusted gross profit divided by Net sales. Management believes that Adjusted gross margin is useful for investors as supplemental measures to evaluate our operating performance and ability to manage ongoing costs. Adjusted operating margin. Adjusted operating margin is defined as Adjusted Income from operations divided by Net sales. Management believes that Adjusted operating margin is useful for investors as supplemental measures to evaluate our operating performance and ability to manage ongoing costs. Adjusted interest expense. Adjusted interest expense is defined as Interest expense, net, as adjusted for items affecting comparability as described on page A-5. Management believes that Adjusted interest expense is useful for investors in evaluating our performance and establishing expectations for the impacts of interest expenses. Adjusted EBITDA. Adjusted EBITDA is defined as EBITDA, as adjusted for items affecting comparability as described on page A-5. EBITDA is defined as Net income as adjusted for interest expense, net; provision for income taxes; depreciation expense; amortization of intangibles; and other amortization. Management believes that Adjusted EBITDA is useful for investors in evaluating the Company's operating results and understanding the Company's operating trends by adjusting certain items that can vary significantly depending on specific underlying transactions or events, thereby affecting comparability. Management leverage ratio. Management leverage ratio is defined as KDP's total principal amounts of debt less cash and cash equivalents, divided by Adjusted EBITDA. Management believes that the Management leverage ratio is useful for investors in evaluating the Company's liquidity and assessing the Company's ability to meet its financial obligations. Free cash flow. Free cash flow is defined as net cash provided by operating activities adjusted for purchases of property, plant and equipment, proceeds from sales of property, plant and equipment, and certain items excluded for comparison to prior year periods. Management uses this measure to evaluate the company's performance and make resource allocation decisions. Financial measures presented on a constant currency basis. Defined as certain financial statement captions and metrics adjusted for certain items affecting comparability, calculated on a constant currency basis by converting our current period local currency financial results using the prior period foreign currency exchange rates. Because our reporting currency is the U.S. Dollar, the value of financial measures presented in U.S. Dollar will be affected by changes in currency exchange rates. Therefore, we present certain financial measures on a constant currency basis for greater comparability. KEURIG DR PEPPER INC. CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) Second QuarterFirst Six Months (in millions, except per share data) 2025202420252024 Net sales $ 4,163$ 3,922$ 7,798$ 7,390 Cost of sales 1,9081,7503,5583,278 Gross profit 2,2552,1724,2404,112 Selling, general, and administrative expenses 1,3561,2952,5482,471 Other operating expense (income), net 116(7)15 Income from operations 8988611,6991,626 Interest expense, net 180204328382 Other income, net —(15)(7)(22) Income before provision for income taxes 7186721,3781,266 Provision for income taxes 171157314297 Net income $ 547$ 515$ 1,064$ 969 Earnings per common share:Basic $ 0.40$ 0.38$ 0.78$ 0.71 Diluted 0.400.380.780.70 Weighted average common shares outstanding:Basic 1,358.31,355.61,357.71,368.2 Diluted 1,362.81,361.21,362.61,374.4 KEURIG DR PEPPER INC. CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) June 30,December 31, (in millions, except share and per share data) 20252024 Assets Current assets:Cash and cash equivalents $ 509$ 510 Restricted cash and restricted cash equivalents 5680 Trade accounts receivable, net 1,4981,502 Inventories 1,7411,299 Prepaid expenses and other current assets 802606 Total current assets 4,6063,997 Property, plant, and equipment, net 2,9962,964 Investments in unconsolidated affiliates 1,5661,543 Goodwill 20,22820,053 Other intangible assets, net 23,84123,634 Other non-current assets 1,0951,200 Deferred tax assets 3639 Total assets $ 54,368$ 53,430 Liabilities and Stockholders' Equity Current liabilities:Accounts payable $ 3,113$ 2,985 Accrued expenses 1,3241,584 Structured payables 3141 Short-term borrowings and current portion of long-term obligations 1,9762,642 Other current liabilities 777835 Total current liabilities 7,2218,087 Long-term obligations 13,92012,912 Deferred tax liabilities 5,4875,435 Other non-current liabilities 2,7552,753 Total liabilities 29,38329,187 Commitments and contingenciesStockholders' equity:Preferred stock, $0.01 par value, 15,000,000 shares authorized, no shares issued —— Common stock, $0.01 par value, 2,000,000,000 shares authorized, 1,358,413,413 and 1,356,664,609 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 1414 Additional paid-in capital 19,72919,712 Retained earnings 5,2324,793 Accumulated other comprehensive income (loss) 10(276) Total stockholders' equity 24,98524,243 Total liabilities and stockholders' equity $ 54,368$ 53,430 KEURIG DR PEPPER INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) First Six Months (in millions) 20252024 Operating activities:Net income $ 1,064$ 969 Adjustments to reconcile net income to net cash provided by operating activities:Depreciation expense 217207 Amortization of intangibles 6867 Other amortization expense 63101 Provision for sales returns 2429 Deferred income taxes 417 Employee stock-based compensation expense 4552 (Gain) loss on disposal of property, plant, and equipment (6)18 Unrealized (gain) loss on foreign currency (6)16 Unrealized (gain) loss on derivatives (56)36 Equity in earnings of unconsolidated affiliates (27)(17) Earned equity from distribution arrangements (10)(45) Other, net (5)5 Changes in assets and liabilities, excluding the effects of business acquisitions:Trade accounts receivable 3(67) Inventories (416)(119) Income taxes receivable and payables, net (86)(34) Other current and non-current assets (136)(180) Accounts payable and accrued expenses (93)(314) Other current and non-current liabilities (7)1 Net change in operating assets and liabilities (735)(713) Net cash provided by operating activities 640742 Investing activities:Acquisitions of businesses, net of cash acquired (111)— Purchases of property, plant, and equipment (226)(273) Proceeds from sales of property, plant, and equipment 131 Purchases of intangibles (16)(49) Investments in unconsolidated affiliates (1)(7) Other, net 63(1) Net cash used in investing activities (278)(329) Financing activities:Proceeds from issuance of Notes 2,0003,000 Repayments of Notes (529)(1,150) Net repayment of commercial paper (139)(226) Repayment of term loan (990)— Proceeds from structured payables 1631 Repayments of structured payables (26)(60) Cash dividends paid (625)(591) Repurchases of common stock, inclusive of excise tax obligation (9)(1,105) Tax withholdings related to net share settlements (28)(43) Payments on finance leases (63)(56) Other, net (16)(22) Net cash used in financing activities (409)(222) Cash, cash equivalents, restricted cash, and restricted cash equivalents:Net change from operating, investing, and financing activities (47)191 Effect of exchange rate changes 4(20) Beginning balance 608267 Ending balance $ 565$ 438 KEURIG DR PEPPER INC. RECONCILIATION OF SEGMENT INFORMATION (UNAUDITED) Second QuarterFirst Six Months (in millions) 2025202420252024 Net SalesU.S. Refreshment Beverages $ 2,660$ 2,407$ 4,983$ 4,500 U.S. Coffee 9489501,8251,861 International 5555659901,029 Total net sales $ 4,163$ 3,922$ 7,798$ 7,390 Income from OperationsU.S. Refreshment Beverages $ 746$ 717$ 1,400$ 1,332 U.S. Coffee 233228435476 International 143150233262 Unallocated corporate costs (224)(234)(369)(444) Total income from operations $ 898$ 861$ 1,699$ 1,626 KEURIG DR PEPPER OF GAAP TO NON-GAAP INFORMATIONCERTAIN LINE ITEMS - CONSOLIDATED(UNAUDITED) The Company reports its financial results in accordance with U.S. GAAP. However, management believes that certain non-GAAP financial measures that reflect the way management evaluates the business may provide investors with additional information regarding the Company's results, trends and ongoing performance on a comparable basis. Specifically, investors should consider the following with respect to our financial results: Adjusted: Defined as certain financial statement captions and metrics adjusted for certain items affecting comparability. Items affecting comparability: Defined as certain items that are excluded for comparison to prior year periods, adjusted for the tax impact as applicable. Tax impact is determined based upon an approximate rate for each item. For each period, management adjusts for (i) the unrealized mark-to-market impact of derivative instruments not designated as hedges in accordance with U.S. GAAP that do not have an offsetting risk reflected within the financial results, as well as the unrealized mark-to-market impact of our Vita Coco investment prior to its sale in the first quarter of 2025; (ii) the amortization associated with definite-lived intangible assets; (iii) the amortization of the deferred financing costs associated with the DPS Merger; (iv) the amortization of the fair value adjustment of the senior unsecured notes obtained as a result of the DPS Merger; (v) stock compensation expense and the associated windfall tax benefit attributable to the matching awards made to employees who made an initial investment in KDP; (vi) transaction costs for significant business combinations (completed or abandoned); and (vii) other certain items that are excluded for comparison purposes to prior year periods. For the first six months of 2025, the other certain items excluded for comparison purposes include (i) productivity expenses; (ii) restructuring adjustments associated with the 2023 CEO Succession and Associated Realignment; (iii) costs related to significant non-routine legal matters, including the antitrust litigation; (iv) restructuring expenses associated with the Network Optimization program; (v) the impact of the step-up of acquired inventory associated with the GHOST and Dyla acquisitions; (vi) integration expenses associated with the GHOST and Dyla acquisitions; (vii) the change in our mandatory redemption liability for GHOST; and (viii) non-cash changes in deferred tax liabilities related to goodwill and other intangible assets as a result of tax rate or apportionment changes. For the first six months of 2024, the other certain items excluded for comparison purposes include (i) productivity expenses; (ii) restructuring expenses associated with the 2023 CEO Succession and Associated Realignment; (iii) costs related to significant non-routine legal matters, including the antitrust litigation; and (iv) restructuring expenses associated with the Network Optimization program. Constant currency adjusted: Defined as certain financial statement captions and metrics adjusted for certain items affecting comparability, calculated on a constant currency basis by converting our current period local currency financial results using the prior period foreign currency exchange rates. For the second quarter and first six months of 2025 and 2024, the supplemental financial data set forth below includes reconciliations of adjusted and constant currency adjusted financial measures to the applicable financial measure presented in the unaudited condensed consolidated financial statements for the same period. KEURIG DR PEPPER INC. RECONCILIATION OF GAAP TO NON-GAAP INFORMATION CERTAIN LINE ITEMS - CONSOLIDATED (UNAUDITED)(in millions, except %) Gross profitGross marginIncome from operationsOperating margin Second Quarter of 2025Reported $ 2,25554.2 %$ 89821.6 % ... Items Affecting Comparability:Productivity 3547 Mark to market (4)(6) Amortization of intangibles —34 Stock compensation —4 Non-routine legal matters —5 Transaction costs —5 Restructuring - 2023 CEO Succession and Associated Realignment —1 Restructuring - Network Optimization —10 Integration of acquisitions 128 Inventory step-up 22 Adjusted $ 2,28955.0 %$ 1,02824.7 % Impact of foreign currency — %— % Constant currency adjusted 55.0 %24.7 % Second Quarter of 2024Reported $ 2,17255.4 %$ 86122.0 % Items Affecting Comparability:Productivity 2045 Mark to market 6(5) Amortization of intangibles —34 Stock compensation —3 Non-routine legal matters —1 Transaction costs —1 Restructuring - 2023 CEO Succession and Associated Realignment —11 Restructuring - Network Optimization 219 Adjusted $ 2,20056.1 %$ 97024.7 %Refer to pages A-9 and A-10 for reconciliations of reported net sales to constant currency net sales and adjusted income from operations to constant currency adjusted income from operations. KEURIG DR PEPPER INC. RECONCILIATION OF GAAP TO NON-GAAP INFORMATION CERTAIN LINE ITEMS - CONSOLIDATED (UNAUDITED)(in millions, except % and per share data) Interest expense, netIncome before provision for income taxesProvision for income taxesEffective tax rateNet incomeDiluted earnings per share Second Quarter of 2025Reported $ 180$ 718$ 17123.8 %$ 547$ 0.40 Items Affecting Comparability:Productivity —4712350.03 Mark to market (2)(4)(3)(1)— Amortization of intangibles —3410240.02 Stock compensation —422— Amortization of fair value debt adjustment (4)413— Amortization of deferred financing costs (1)1—1— Non-routine legal matters —523— Transaction costs —514— Restructuring - 2023 CEO Succession and Associated Realignment —1—1— Restructuring - Network Optimization —10370.01 Integration of acquisitions —286220.02 Change in mandatory redemption liability for GHOST —298210.02 Inventory step-up —22—— Change in deferred tax liabilities related to goodwill and other intangible assets ——(4)4— Adjusted $ 173$ 884$ 21123.9 %$ 673$ 0.49 Impact of foreign currency (0.2) % Constant currency adjusted 23.7 % Second Quarter of 2024Reported $ 204$ 672$ 15723.4 %$ 515$ 0.38 Items Affecting Comparability:Productivity —4510350.03 Mark to market (32)224180.01 Amortization of intangibles —348260.02 Stock compensation —312— Amortization of fair value of debt adjustment (3)3—3— Amortization of deferred financing costs (1)1—1— Non-routine legal matters —11—— Transaction costs —11—— Restructuring - 2023 CEO Succession and Associated Realignment —11290.01 Restructuring - Network Optimization —194150.01 Change in deferred tax liabilities related to goodwill and other intangible assets ——6(6)— Adjusted $ 168$ 812$ 19423.9 %$ 618$ 0.45 Change - adjusted 3.0 %8.9 %8.9 % Impact of foreign currency (0.6) %1.6 %2.2 % Change - constant currency adjusted 2.4 %10.5 %11.1 %Diluted earnings per common share may not foot due to rounding. KEURIG DR PEPPER INC. RECONCILIATION OF GAAP TO NON-GAAP INFORMATION INCOME FROM OPERATIONS - CONSOLIDATED AND SEGMENTS (UNAUDITED)(in millions, except %) U.S. Refreshment BeveragesU.S. CoffeeInternationalUnallocated corporate costsTotal Second Quarter of 2025Reported - Income from Operations $ 746$ 233$ 143$ (224)$ 898 Items Affecting Comparability:Productivity —35—1247 Mark to market ———(6)(6) Amortization of intangibles 9232—34 Stock compensation ———44 Non-routine legal matters ———55 Transaction costs ———55 Restructuring - 2023 CEO Succession and Associated Realignment ———11 Restructuring - Network Optimization 18—110 Integration of acquisitions 23——528 Inventory step-up 2———2 Adjusted - Income from Operations $ 781$ 299$ 145$ (197)$ 1,028 Second Quarter of 2024Reported - Income from Operations $ 717$ 228$ 150$ (234)$ 861 Items Affecting Comparability:Productivity 120—2445 Mark to market ——(1)(4)(5) Amortization of intangibles 5263—34 Stock compensation ———33 Non-routine legal matters ———11 Transaction costs ———11 Restructuring - 2023 CEO Succession and Associated Realignment ———1111 Restructuring - Network Optimization —19——19 Adjusted - Income from Operations $ 723$ 293$ 152$ (198)$ 970 Change - adjusted 8.0 %2.0 %(4.6) %(0.5) %6.0 % Impact of foreign currency — %— %7.2 %0.5 %1.0 % Change - constant currency adjusted 8.0 %2.0 %2.6 %— %7.0 % KEURIG DR PEPPER INC. RECONCILIATION OF GAAP TO NON-GAAP INFORMATION CHANGE IN NET SALES AND OPERATING MARGIN - CONSOLIDATED AND SEGMENTS (UNAUDITED)ReportedImpact of Foreign CurrencyConstant Currency Second Quarter of 2025 Change in net sales U.S. Refreshment Beverages10.5 %— %10.5 % U.S. Coffee(0.2)—(0.2) International(1.8)7.55.7 Total change in net sales6.11.17.2 ReportedItems Affecting ComparabilityAdjustedImpact of Foreign CurrencyConstant Currency Adjusted Second Quarter of 2025 Operating margin U.S. Refreshment Beverages28.0 %1.4 %29.4 %— %29.4 % U.S. Coffee24.66.931.5—31.5 International25.80.326.1—26.1 Total operating margin21.63.124.7—24.7 ReportedItems Affecting ComparabilityAdjusted Second Quarter of 2024 Operating margin U.S. Refreshment Beverages29.8 %0.2 %30.0 % U.S. Coffee24.06.830.8 International26.50.426.9 Total operating margin22.02.724.7 KEURIG DR PEPPER INC. RECONCILIATION OF GAAP TO NON-GAAP INFORMATION CERTAIN LINE ITEMS - CONSOLIDATED (UNAUDITED)(in millions, except %) Gross profitGross marginIncome from operationsOperating margin First Six Months of 2025Reported $ 4,24054.4 %$ 1,69921.8 % Items Affecting Comparability:Productivity 6079 Mark to market (43)(49) Amortization of intangibles —68 Stock compensation —6 Non-routine legal matters —8 Transaction costs —4 Restructuring - Network Optimization 112 Integration of acquisitions 131 Inventory step-up 1717 Adjusted $ 4,27654.8 %$ 1,87524.0 % Impact of foreign currency — %— % Constant currency adjusted 54.8 %24.0 % First Six Months of 2024Reported $ 4,11255.6 %$ 1,62622.0 % Items Affecting Comparability:Productivity 3481 Mark to market 3(24) Amortization of intangibles —67 Stock compensation —7 Non-routine legal matters —2 Transaction costs —2 Restructuring - 2023 CEO Succession and Associated Realignment —13 Restructuring - Network Optimization 221 Adjusted $ 4,15156.2 %$ 1,79524.3 %Refer to pages A-13 and A-14 for reconciliations of reported net sales to constant currency net sales and adjusted income from operations to constant currency adjusted income from operations. KEURIG DR PEPPER INC. RECONCILIATION OF GAAP TO NON-GAAP INFORMATION CERTAIN LINE ITEMS - CONSOLIDATED (UNAUDITED)(in millions, except % and per share data) Interest expense, netIncome before provision forincome taxesProvision for income taxesEffective tax rateNet incomeDiluted earnings per share First Six Months of 2025Reported $ 328$ 1,378$ 31422.8 %$ 1,064$ 0.78 Items Affecting Comparability:Productivity —7918610.04 Mark to market 21(38)(4)(34)(0.03) Amortization of intangibles —6816520.04 Stock compensation —624— Amortization of fair value debt adjustment (8)826— Amortization of deferred financing costs (1)1—1— Non-routine legal matters —826— Transaction costs —413— Restructuring - Network Optimization —12390.01 Integration of acquisitions —317240.02 Change in mandatory redemption liability for GHOST —4010300.02 Inventory step-up —174130.01 Change in deferred tax liabilities related to goodwill and other intangible assets ——(2)2— Adjusted $ 340$ 1,614$ 37323.1 %$ 1,241$ 0.91 Impact of foreign currency (0.1) % Constant currency adjusted 23.0 % First Six Months of 2024Reported $ 382$ 1,266$ 29723.5 %$ 969$ 0.70 Items Affecting Comparability:Productivity —8120610.04 Mark to market (67)406340.02 Amortization of intangibles —6717500.04 Stock compensation —725— Amortization of fair value of debt adjustment (7)716— Amortization of deferred financing costs (1)1—1— Non-routine legal matters —211— Transaction costs —211— Restructuring - 2023 CEO Succession and Associated Realignment —133100.01 Restructuring - Network Optimization —215160.01 Change in deferred tax liabilities related to goodwill and other intangible assets ——6(6)— Adjusted $ 307$ 1,507$ 35923.8 %$ 1,148$ 0.84 Change - adjusted 10.7 %8.1 %8.3 % Impact of foreign currency (0.3) %1.5 %1.2 % Change - Constant currency adjusted 10.4 %9.6 %9.5 %Diluted earnings per common share may not foot due to rounding. KEURIG DR PEPPER INC. RECONCILIATION OF GAAP TO NON-GAAP INFORMATION INCOME FROM OPERATIONS - CONSOLIDATED AND SEGMENTS (UNAUDITED)(in millions, except %) U.S. Refreshment BeveragesU.S. CoffeeInternationalUnallocated corporate costsTotal First Six Months of 2025Reported - Income from Operations $ 1,400$ 435$ 233$ (369)$ 1,699 Items Affecting Comparability:Productivity —60—1979 Mark to market ———(49)(49) Amortization of intangibles 16475—68 Stock compensation ———66 Non-routine legal matters ———88 Transaction costs ———44 Restructuring - Network Optimization 110—112 Integration of acquisitions 23——831 Inventory step-up 17———17 Adjusted - Income from Operations $ 1,457$ 552$ 238$ (372)$ 1,875 First Six Months of 2024Reported - Income from Operations $ 1,332$ 476$ 262$ (444)$ 1,626 Items Affecting Comparability:Productivity 334—4481 Mark to market ——(7)(17)(24) Amortization of intangibles 10516—67 Stock compensation ———77 Non-routine legal matters ———22 Transaction costs ———22 Restructuring - 2023 CEO Succession and Associated Realignment ———1313 Restructuring - Network Optimization —21——21 Adjusted - Income from Operations $ 1,345$ 582$ 261$ (393)$ 1,795 Change - adjusted 8.3 %(5.2) %(8.8) %(5.3) %4.5 % Impact of foreign currency — %— %8.4 %0.5 %1.1 % Change - constant currency adjusted 8.3 %(5.2) %(0.4) %(4.8) %5.6 % KEURIG DR PEPPER INC. RECONCILIATION OF GAAP TO NON-GAAP INFORMATION CHANGE IN NET SALES AND OPERATING MARGIN - CONSOLIDATED AND SEGMENTS (UNAUDITED)ReportedImpact of Foreign CurrencyConstant Currency First Six Months of 2025 Change in net sales U.S. Refreshment Beverages10.7 %— %10.7 % U.S. Coffee(1.9)—(1.9) International(3.8)9.35.5 Total change in net sales5.51.36.8 ReportedItems Affecting ComparabilityAdjustedImpact of Foreign CurrencyConstant Currency AdjustedFirst Six Months of 2025 Operating margin U.S. Refreshment Beverages28.1 %1.1 %29.2 %— %29.2 % U.S. Coffee23.86.430.2—30.2 International23.50.524.0(0.1)23.9 Total operating margin21.82.224.0—24.0 ReportedItems Affecting ComparabilityAdjusted First Six Months of 2024 Operating margin U.S. Refreshment Beverages29.6 %0.3 %29.9 % U.S. Coffee25.65.731.3 International25.5(0.1)25.4 Total operating margin22.02.324.3 KEURIG DR PEPPER INC. RECONCILIATION OF GAAP TO NON-GAAP INFORMATION ADJUSTED EBITDA AND MANAGEMENT LEVERAGE RATIO (UNAUDITED)(in millions, except for ratio) Last Twelve Months Net income $ 1,536 Interest expense, net 681 Provision for income taxes 490 Depreciation expense 432 Other amortization 140 Amortization of intangibles 134 EBITDA $ 3,413 Items affecting comparability:Productivity $ 114 Mark to market (7) Stock compensation 13 Non-routine legal matters 16 Transaction costs 42 Restructuring - 2023 CEO Succession and Associated Realignment 27 Restructuring - Network Optimization 42 Integration of acquisitions 32 Change in mandatory redemption liability for GHOST 40 Termination fees for distribution rights related to GHOST 225 Inventory step-up 21 Impairment of goodwill and other intangible assets 718 Impairment of investments and note receivable 2 Adjusted EBITDA $ 4,698June 30,2025 Principal amounts of:Commercial paper notes $ 1,477 Senior unsecured notes 14,564 Total principal amounts 16,041 Less: Cash and cash equivalents 509 Total principal amounts less cash and cash equivalents $ 15,532 June 30, 2025 Management Leverage Ratio 3.3 KEURIG DR PEPPER INC. RECONCILIATION OF GAAP TO NON-GAAP INFORMATION ADJUSTED EBITDA - LAST TWELVE MONTHS (UNAUDITED)(in millions) Third Quarter of 2024Fourth Quarter of 2024First Six Months of 2025Last Twelve Months Net income (loss) $ 616$ (144)$ 1,064$ 1,536 Interest expense, net 106247328681 Provision (benefit) for income taxes 186(10)314490 Depreciation expense 103112217432 Other amortization 393863140 Amortization of intangibles 333368134 EBITDA $ 1,083$ 276$ 2,054$ 3,413 Items affecting comparability:Productivity $ 23$ 26$ 65$ 114 Mark to market 33(23)(17)(7) Stock compensation 43613 Non-routine legal matters 35816 Transaction costs 1325442 Restructuring - 2023 CEO Succession and Associated Realignment 324—27 Restructuring - Network Optimization 2461242 Integration of acquisitions —13132 Change in mandatory redemption liability for GHOST ——4040 Termination fees for distribution rights related to GHOST —225—225 Inventory step-up 4—1721 Impairment of goodwill and other intangible assets —718—718 Impairment of investments and note receivable —2—2 Adjusted EBITDA $ 1,190$ 1,288$ 2,220$ 4,698 KEURIG DR PEPPER OF GAAP TO NON-GAAP INFORMATION FREE CASH FLOW(UNAUDITED) Free cash flow is defined as net cash provided by operating activities adjusted for purchases of property, plant, and equipment, proceeds from sales of property, plant, and equipment, and certain items excluded for comparison to prior year periods. For the first six months of 2025 and 2024, there were no certain items excluded for comparison to prior year periods. First Six Months (in millions)20252024 Net cash provided by operating activities$ 640$ 742 Purchases of property, plant, and equipment(226)(273) Proceeds from sales of property, plant, and equipment131 Free Cash Flow$ 427$ 470 View original content to download multimedia: SOURCE Keurig Dr Pepper 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
21-07-2025
- Business
- Yahoo
Schlumberger Limited (SLB) Falls Following its Q2 Results
The share price of Schlumberger Limited (NYSE:SLB) fell by 10.69% between July 11 and July 18, 2025, putting it among the Energy Stocks that Lost the Most This Week. An aerial view of a well site, depicting the scale of oil and gas operations. Schlumberger Limited (NYSE:SLB) is the world's leading provider of technology for reservoir characterization, drilling, production, and processing to the global energy industry. Schlumberger Limited (NYSE:SLB) fell heavily this week following the company's posting of its results for Q2 2025. Although the firm's revenue of $8.55 billion managed to beat market expectations, it was down by almost 6.5% compared to last year. SLB warned of a likely decline in global upstream spending this year, led by weakness in North and Latin America. Similarly, Schlumberger Limited (NYSE:SLB)'s earnings of $0.74 per share also managed to narrowly top estimates but were still below the levels achieved last year. Moreover, the company has flagged a 20-40 basis points hit on its margins from President Trump's tariffs in the second half of the year, leading to a downward pressure on the stock. While we acknowledge the potential of SLB as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 12 Best Oil and Gas Dividend Stocks to Buy Now and The 5 Energy Stocks Billionaires are Quietly Piling Into. Disclosure: None. 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
