Category: Uncategorized

  • RB Global Reports Second Quarter 2025 Results

    RB Global, Inc. (NYSE & TSX: RBA, the “Company”, “RB Global”, “we”, “us”, “their”, or “our”) reported the following results for the three months ended June 30, 2025.

    “I am pleased to report that we continued to gain automotive market share in the second quarter, with total automotive unit volume increasing 9% year-over-year,” said Jim Kessler, CEO of RB Global. “Our teammates delivered another strong quarter, consistently over delivering against all our partner and customer expectations.”

    “We drove strong operating leverage in the quarter resulting in solid financial performance,” said Eric J. Guerin, Chief Financial Officer. “Our ability to execute in a shifting macro environment highlights our teammates’ dedication to our customers and partners.”

    Second Quarter Financial Highlights 1,2,3 :

    • Total gross transaction value (“GTV”) increased 2% year over year to $4.2 billion.
    • Total revenue increased 8% year over year to $1.2 billion.
      • Service revenue increased 3% year over year at $887.2 million.
      • Inventory sales revenue increased 26% year over year to $298.8 million.
    • Net income decreased 1% year-over-year to $109.7 million.
    • Net income available to common stockholders decreased 1% year over year to $99.5 million.
    • Diluted earnings per share available to common stockholders decreased 2% to $0.53 per share.
    • Diluted adjusted earnings per share available to common stockholders increased 14% year over year to $1.07 per share.
    • Adjusted earnings before interest, taxes, depreciation and amortization (“EBITDA”) increased 7% year over year to $364.5 million.

    https://www.barchart.com/story/news/33934688/rb-global-reports-second-quarter-2025-results

  • QSR: Restaurant Brands earnings miss estimates, but international division shines

    • Restaurant Brands International on Thursday reported mixed quarterly results.
    • Popeyes reported same-store sales declines.
    • There was strong demand internationally and at Tim Hortons.

    Restaurant Brands International on Thursday reported mixed quarterly results, as same-store sales declines for Popeyes were offset by strong demand internationally and at Tim Hortons.

    Here’s what the company reported for the period ended June 30 compared with what Wall Street was expecting, based on a survey of analysts by LSEG:

    • Earnings per share: 94 cents adjusted vs. 97 cents expected
    • Revenue: $2.41 billion vs. $2.32 billion expected

    Restaurant Brands reported second-quarter net income attributable to shareholders of $189 million, or 57 cents per share, down from $280 million, or 88 cents per share, a year earlier.

    Excluding transaction costs from its acquisition of Burger King China and other one-time costs, the company earned 94 cents per share.

    Net sales climbed 16% to $2.41 billion.

    The company’s same-store sales, which only tracks the metric at restaurants open at least a year, rose 2.4% during the quarter.

    CEO Josh Kobza told CNBC that Restaurant Brands has seen a “modest improvement” in the consumer environment compared to the first quarter, when the company’s three largest brands saw same-store sales decline.

    This quarter, Restaurant Brands’ international restaurants reported same-store sales growth of 4.2%.

    Tim Hortons, which accounts for more than 40% of Restaurant Brands’ total revenue, reported same-store sales growth of 3.4%.

    Burger King reported same-store sales growth of 1.3%. Its U.S. division, which has been in turnaround mode for nearly three years, saw same-store sales increase by 1.5%. More than half of its U.S. restaurants have been renovated since the turnaround began; the burger chain aims to have 85% of its U.S. footprint upgraded by 2028.

    Popeyes was the laggard of the portfolio for the most recent quarter, reporting same-store sales declines of 1.4%. But the fried chicken chain’s results have improved compared with the first three months of the year, when its same-store sales slid 4%. To lift sales in the second half of the year, Popeyes has a “bunch of innovation” on its schedule, Kobza said.

    For the full year, Restaurant Brands reiterated its forecast, anticipating that it will spend between $400 million and $450 million on consolidated capital expenditures, tenant inducements and other incentives. The company also said that it still expects to reach its long-term algorithm, which projects 3% same-store sales growth and 8% organic adjusted operating income growth on average between 2024 and 2028.

    This story is developing. Please check back for updates.

  • Brookfield Asset Management Announces Strong Second Quarter Results

    EW YORK, Aug. 06, 2025 (GLOBE NEWSWIRE) — Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) (“BAM”), a leading global alternative asset manager headquartered in New York with over $1 trillion of assets under management, today announced financial results for the quarter ended June 30, 2025.

    Connor Teskey, President of Brookfield Asset Management, stated, “Our second quarter results highlight the continued momentum and strength of our business. Fee-related earnings were up 16%, with distributable earnings up 12%. We have announced sales of over $55 billion of assets to date in 2025, demonstrating the robust demand for great businesses in sectors where we hold leadership positions.”

    He continued, “As the secular trends of decarbonization, deglobalization, and digitalization continue to accelerate, we are extending our leadership by forming large-scale, proprietary investment partnerships with governments, corporates and institutions. These themes are driving significant investment activity and fundraising momentum, positioning us to deliver strong long-term value for both our clients and our shareholders.”

    https://www.barchart.com/story/news/33916275/brookfield-asset-management-announces-strong-second-quarter-results

  • PREMIUM BRANDS HOLDINGS CORPORATION REPORTS RECORD SECOND QUARTER SALES AND ADJUSTED EBITDA, DECLARES THIRD QUARTER DIVIDEND

    QUARTER HIGHLIGHTS

    • Record second quarter revenue of $1.9 billion representing a 12.5%, or $212.2 million , increase as compared to the second quarter of 2024
      Solid progress on Specialty Foods’ core U.S. growth initiatives in protein and artisan baked goods, which for the quarter generated organic volume growth rates of 15.0% and 98.1%, respectively. Specialty Foods’ U.S. year-over-year growth rate for sandwich products was impacted by channel fill sales associated with a major new product launch in the second quarter of 2024
      Including acquisitions, Specialty Foods’ total U.S. sales, which represented 64.3% of its second quarter sales, grew by $140.5 million to $843.7 million
      Record second quarter adjusted EBITDA 1 of $177.1 million representing a 7.6%, or $12.5 million , increase as compared to the second quarter of 2024, despite significant protein cost inflation challenges
      Second quarter adjusted EPS 1 of $1.33 per share representing a 3.9%, or $0.05 per share, increase as compared to the second quarter of 2024

    https://www.barchart.com/story/news/33918312/premium-brands-holdings-corporation-reports-record-second-quarter-sales-and-adjusted-ebitda-declares-third-quarter-dividend-and-announces-completion-of-tennessee-sandwich-plant-sale-and-leaseback

  • Thomson Reuters: Q2 Earnings Snapshot

    TORONTO (AP) — TORONTO (AP) — Thomson Reuters Corp. (TRI) on Wednesday reported second-quarter earnings of $313 million.

    On a per-share basis, the Toronto-based company said it had net income of 69 cents. Earnings, adjusted for one-time gains and costs, came to 87 cents per share.

    The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 83 cents per share.

    The news and financial information company posted revenue of $1.79 billion in the period, meeting Street forecasts.

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    This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TRI at https://www.zacks.com/ap/TRI

  • iA Financial Group Reports Second Quarter Results and a 10% Increase in Its Common Dividend

    For the second quarter ended June 30, 2025, iA Financial Group (TSX: IAG) recorded core diluted earnings per common share (EPS) †† of $3.49, which is 27% higher than the same period in 2024 and well above the medium-term annual average growth target of 10%+. 4 Core return on common shareholders’ equity (ROE) †† for the trailing 12 months was 17.0%, in line with the 2027 target of 17%+. 4 Second quarter net income attributed to common shareholders was $321 million, diluted EPS was $3.43 and ROE for the trailing 12 months was 14.7%. The solvency ratio 6 was 138% 3 at June 30, 2025, highlighting a strong capital position.

    “We are proud of our very strong second-quarter results, which reflect the effectiveness of our diversified business model and the disciplined execution of our growth strategy across all of our operating segments,” commented Denis Ricard, President and CEO of iA Financial Group. “We remain focused on strategic capital deployment, including our intention to acquire RF Capital Group, an active share buyback program, and a 10% increase in our common share dividend, all aligned with our commitment to delivering long-term value to our shareholders.”

    https://www.barchart.com/story/news/33901798/ia-financial-group-reports-second-quarter-results-and-a-10-increase-in-its-common-dividend

  • Suncor Energy reports second quarter 2025 results

    Second Quarter Highlights

    • Generated $2.7 billion in adjusted funds from operations and $1.0 billion in free funds flow.
    • Returned $1.45 billion to shareholders, with $750 million in share repurchases and $700 million in dividends.
    • Record second quarter upstream production of 808,000 bbls/d and record first half production of 831,000 bbls/d.
    • Record second quarter refinery throughput of 442,000 bbls/d and record first half throughput of 462,000 bbls/d.
    • Executed major upstream and downstream turnaround activity safely and ahead of schedule.
    • Completed the Upgrader 1 coke drum replacement project ahead of schedule in early July.
    • Reduced 2025 capital guidance by $400 million, reflecting strong execution performance and capital discipline.

    “What stands out the most about our strong second quarter is the outstanding execution of major upstream and downstream turnaround activities, completed safely and ahead of schedule,” said Rich Kruger, President and Chief Executive Officer. “This performance was a key driver behind Suncor’s record-setting second quarter and first half volumes results and positions us extremely well for a strong second half of the year. The quarter once again demonstrates our unwavering commitment and focus on delivering superior results for our shareholders.”

    https://www.barchart.com/story/news/33901964/suncor-energy-reports-second-quarter-2025-results

  • Canada Jobs report

    The latest Canadian jobs report, released on July 11, 2025, showed a strong increase in employment, with 83,000 new jobs added in June. This led to a decrease in the unemployment rate, which fell to 6.9%. The report also indicated a rise in the employment rate, reaching 60.9%. 

    Key Highlights:

    • Employment Growth: The Canadian economy added 83,000 jobs in June, reversing a previous trend of slower growth. 
    • Unemployment Rate: The unemployment rate decreased to 6.9%, a drop of 0.1 percentage points. 
    • Employment Rate: The employment rate rose to 60.9%, an increase of 0.1 percentage points. 
    • Sectoral Gains: The wholesale and retail trade industry saw the most significant gains, with 34,000 new positions, followed by health care and social assistance with 17,000 new jobs. 
    • Manufacturing Rebound: Despite recent concerns about tariffs, the manufacturing sector also saw gains, adding 10,000 jobs in June, according to BNN Bloomberg
    • Tariff Impact: While the report shows overall positive job growth, some areas, like Windsor, Ontario, are still experiencing high unemployment rates due to trade pressures from tariffs. 
    • Student Unemployment: The unemployment rate for returning students remained elevated at 17.4%. 

    Overall, the Canadian jobs report indicates a positive trend in June, with strong employment gains and a decrease in the unemployment rate

  • Gold extends gains on U.S. rate cut expectations

     Gold prices rose for a third straight session on Monday after last week’s economic data fueled expectations of interest rate cuts by the U.S. Federal Reserve.

    Spot gold rose 0.2% to $3,371.85 per ounce as of 1:47 p.m. ET (5:47 GMT), its highest level since July 24. U.S. gold futures gained 0.8% to $3,427.1.

    “The odds are stronger now for a rate cut in September and even stronger for another rate cut in December. That coupled with the headwinds of inflation, I think is pretty bullish for gold,” said Daniel Pavilonis, senior market strategist at RJO Futures.

    Last week, data showed that U.S. employment growth was weaker than expected in July while the nonfarm payrolls count for the prior two months was revised down by a massive 258,000 jobs, suggesting a sharp deterioration in labor market conditions. Additionally, the Fed’s preferred gauge, U.S. PCE inflation data, increased 0.3% in June after an upwardly revised 0.2% gain in May as tariffs started raising the cost of some goods.

    According to the CME FedWatch tool, traders now see an 85% chance of a September rate cut, up from just over 63% a week ago.

    Bullion typically performs well in a low-interest-rate environment and is regarded as a hedge against inflation.

    The tariffs U.S. President Donald Trump imposed last week on scores of countries are likely to stay in place rather than be cut as part of continuing negotiations, Trade Representative Jamieson Greer said in comments aired on Sunday.

    Trump set rates including a 35% duty on many goods from Canada, 50% for Brazil, 25% for India, 20% for Taiwan and 39% for Switzerland, according to a presidential executive order.

    Elsewhere, spot silver was up 0.8% at $37.33 per ounce.

    Platinum inched 0.5% higher to $1,322.03, while palladium reached an over two-week low, slipping 1.9% to $1,184.75.

    Palladium prices still has some upside and are likely to see a rebound with downside support at $1,180/oz and upside breakout at $1,230, Pavilonis said.