939640108

Key takeaways

• Net income rose 664.9% to $281.1M and diluted EPS was $64.86, up from $36.7M and $8.35 a year earlier, with the prior-year quarter carrying a $73.5M non-cash interest charge and WGB impairment that did not repeat.
• Revenue rose 7.1% to $1,302.5M and 5.4% from the prior quarter, with operating income up 15.0% to $83.6M and operating margin widening 0.4 points to 6.4%.
• The company recorded net gains on marketable equity securities in the quarter, lifting reported earnings above underlying operations; the February 2025 $205M settlement removed the recurring non-cash interest charge that hit 2024.