MINNEAPOLIS, May 22, 2025 /PRNewswire/ — Jefferson Capital, Inc. (“Jefferson Capital”), a leading analytically driven purchaser and manager of charged-off and insolvency consumer accounts, today announced it has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the “SEC”) relating to the proposed initial public offering of its common stock. The number of shares to be offered and the price range for the offering have not yet been determined. Jefferson Capital intends to list its common stock on the Nasdaq Global Select Market under the ticker symbol “JCAP.”

Jefferies and Keefe, Bruyette & Woods, A Stifel Company, will act as joint lead book-running managers for the proposed offering. Citizens Capital Markets, Raymond James, Truist Securities, Capital One Securities, DNB Carnegie, Regions Securities LLC and Synovus will act as book-running managers for the proposed offering. FHN Financial Securities Corp. and ING Financial Markets LLC will act as co-managers for the proposed offering.

The offering will be made only by means of a prospectus. Copies of the preliminary prospectus related to the offering may be obtained, when available, from: Jefferies LLC, at Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, New York, NY 10022, by telephone at 877-821-7388, or by email at prospectus_department@jefferies.com; or Keefe, Bruyette & Woods, Inc. by telephone at (800) 966-1559, or by e-mail at USCapitalMarkets@kbw.com.

A registration statement on Form S-1 relating to the proposed sale of these securities has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Use of Forward-Looking Statements

This news release may contain “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and in the U.S. Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on these forward-looking statements and any such forward- looking statements are qualified in their entirety by reference to the following cautionary statements. All forward-looking statements speak only as of the date of this news release and are based on current expectations and involve a number of assumptions, risks and uncertainties that could cause the actual results to differ materially from such forward-looking statements.

About Jefferson Capital, Inc.

Founded in 2002, Jefferson Capital is an analytically driven purchaser and manager of charged-off and insolvency consumer accounts with operations in the United States, Canada, the United Kingdom and Latin America. It purchases and services both secured and unsecured assets, and its growing client base includes Fortune 500 creditors, banks, fintech origination platforms, telecommunications providers, credit card issuers and auto finance companies. Jefferson Capital is headquartered in Minneapolis, Minnesota with additional offices and operations located in Sartell, Minnesota, Denver, Colorado and San Antonio, Texas (United States); Basingstoke, England; London, England and Paisley, Scotland (United Kingdom); London, Ontario and Toronto, Ontario (Canada); as well as Bogota (Colombia).

Contacts

Investor Contact:

Christo Realov
IR@jcap.com

Press Contact:

Matthew Pfohl
Matt.Pfohl@jcap.com

View original content:https://www.prnewswire.com/news-releases/jefferson-capital-files-registration-statement-for-proposed-initial-public-offering-302462919.html

SOURCE Jefferson Capital

MIRABEL, QC, May 22, 2025 /CNW/ – Ville de Mirabel and Institut national de la recherche scientifique (INRS) are proud to announce the creation of a Municipal Research Chair for Ecological and Social Transition.  This partnership embodies the city’s commitment to innovation through exemplary eco-responsible transition in agriculture, strategic waste and water management and land development. This Chair will be a catalyst for change, bringing together researchers, citizens and local actors around research and knowledge-transfer activities that meet the community’s current and future needs. The Chair’s activities will contribute to the creation of distinctive technology showcases for agri-tourism in the region, promoting the innovation and expertise of local players.

Leading the Chair, INRS professors Philippe Constant and Kokou Adjallé have agreed to put their expertise at the service of the Mirabel community. Microbiologist Philippe Constant, the Chief Scientific Advisor for Ville de Mirabel, has been working closely with the city since 2021. Kokou Adjallé is a chemical physicist who has distinguished himself in the fields of environmental biotechnology and green chemistry. Together, they are already piloting research projects in Mirabel involving more than ten companies, four universities, two research centres and three economic development organizations. These projects are helping them develop a clear portrait of the city’s specific needs.

This project is part of the $1,487,405 agreement signed in 2024 with the Ministère des Affaires municipales et de l’Habitation (MAMH) as part of the Fonds régions et ruralité (FRR) Volet 3 – Projets “Signature innovation” creating the Carrefour d’innovation écoresponsable in Mirabel. Part of this amount ($300,000 over five years) will be used to fund the Research Chair, ensuring its lasting impact on the city and citizens for years to come.

Quotes:

“Our government is confirming its commitment to the regions of Quebec by providing financial support to Mirabel. The creation of an eco-responsible innovation hub will help make the region’s economic development greener and more sustainable. Thanks to initiatives like the Municipal Research Chair, we are building a more responsible future that meets the real needs of Canadians. I am proud of that! “
Andrée Laforest, Minister of Municipal Affairs

“Through our partnership with INRS, this Municipal Research Chair is an opportunity to use research to understand our environment better in order to interact with it sustainably. With these actions, we want to inspire our community and explore technological and innovative opportunities to preserve the soil, the ecosystem and future generations. “
Patrick Charbonneau, Mayor of Mirabel

“This new Municipal Research Chair exemplifies INRS’s mission to put science to work for society and, in this case, communities. Through our partnership with Ville de Mirabel, we are joining forces to take concrete action in response to the environmental and economic challenges of today and tomorrow. By mobilizing the expertise of our researchers and fostering innovation in the field, we are helping to build a more sustainable future rooted in local realities. “
Luc-Alain Giraldeau, Chief Executive Officer, INRS

“This Municipal Research Chair demonstrates our ongoing commitment to support Mirabel’s efforts to innovate. The resilience of agricultural businesses and farmlands in the face of economic, social and environmental challenges is the heart of our research activities. “
Philippe Constant, INRS professor and Chief Scientific Advisor for Ville de Mirabel

“This Municipal Research Chair offers a concrete opportunity for INRS to use its expertise to serve a mid-sized city without a university in its territory. Through this Chair, Ville de Mirabel can strengthen its existing partnership with INRS, as part of its innovation and sustainable development plans and efforts, to become a model city for agriculture and food self-sufficiency in Quebec. “
Kokou Adjallé, INRS professor and scientific head of the Environmental Biotechnology Laboratory

Highlights:

Research themes

Mobilization of the ecosystem (creating a community of practice)Strategic waste and wastewater management (precision composting, upcycling, political ecology)Regenerative agriculture (soil health, water quality, adaptation and resilience)Land development (ecosystem services, terroir signature and agri-tourism, culture and belonging)

Carrefour d’innovation écoresponsable de Mirabel (CIEM)

The CIEM is a project led by Ville de Mirabel, made possible thanks to funding from MAMH’s FRR Volet 3 – Projets “Signature innovation.”Its mission is to draw on the dynamic forces in the region, where agriculture and agri-food are shaping the landscape. The CIEM’s distinctive signature is its terroir road stop, combining the sale of local products with a technology showcase.

About INRS

INRS is an academic institution dedicated exclusively to research and graduate training. INRS ranks first in Quebec in research intensity. Its community includes over 1,500 students, postdoctoral fellows, faculty and staff.Since its creation in 1969, as per its mission, it has contributed to the economic, social and cultural development of Quebec.It is made up of five interdisciplinary research and training centres and concentrates their activities in strategic sectors: Eau Terre Environnement (Quebec City), Énergie Matériaux Télécommunications (Varennes), Urbanisation Culture Société (Montreal), Armand-Frappier Santé Biotechnologie (Laval) and Sustainable Ruralities (Charlevoix, a center currently under development). The INRS community comprises nearly 1,500 students, postdoctoral fellows, faculty members, and staff.

SOURCE Institut National de la recherche scientifique (INRS)

Revenue of $2.64 billion, with double-digit year-over-year growth across all end marketsOperating cash flow of $3.9 billion and free cash flow of $3.3 billion on a trailing twelve-month basis or 39% and 34% of revenue, respectivelyReturned $0.7 billion to shareholders via dividends and repurchases during the second quarter

WILMINGTON, Mass., May 22, 2025 /PRNewswire/ — Analog Devices, Inc. (Nasdaq: ADI), a global semiconductor leader, today announced financial results for its fiscal second quarter 2025, which ended May 3, 2025.

“ADI delivered second quarter revenue and earnings per share above the high end of guidance,” said Vincent Roche, CEO and Chair. “Against a backdrop of global trade volatility, our performance reflects the ongoing cyclical recovery, and the strength and resiliency of our business model. Our unwavering commitment to innovation and customer success, enables ADI to continue extending our leadership at the increasingly AI-driven Intelligent Edge, delivering exceptional value for shareholders over both the near- and long-terms.”

CFO Richard Puccio added, “Second quarter bookings accelerated across all end markets and all regions, resulting in continued sequential backlog growth. The improving demand signals we saw throughout our fiscal Q2, support our outlook for continued growth in Q3, and reinforce our view that we are in a cyclical upturn.”

 Performance for the Second Quarter of Fiscal 2025 

Outlook for the Third Quarter of Fiscal Year 2025

For the third quarter of fiscal 2025, we are forecasting revenue of $2.75 billion, +/- $100 million. At the midpoint of this revenue outlook, we expect reported operating margin of approximately 27.2%, +/-150 bps, and adjusted operating margin of approximately 41.5%, +/-100 bps. We are planning for reported EPS to be $1.23, +/-$0.10, and adjusted EPS to be $1.92, +/-$0.10.  

Our third quarter fiscal 2025 outlook is based on current expectations and actual results may differ materially as a result of, among other things, the important factors discussed at the end of this release. The statements about our third quarter fiscal 2025 outlook supersede all prior statements regarding our business outlook set forth in prior ADI news releases, and ADI disclaims any obligation to update these forward-looking statements.

The adjusted results and adjusted anticipated results above are financial measures presented on a non-GAAP basis. Reconciliations of these non-GAAP financial measures to their most directly comparable GAAP financial measures are provided in the financial tables included in this release. See also the “Non-GAAP Financial Information” section for additional information.

Dividend Payment

The ADI Board of Directors has declared a quarterly cash dividend of $0.99 per outstanding share of common stock. The dividend will be paid on June 18, 2025 to all shareholders of record at the close of business on June 4, 2025.

Conference Call Scheduled for Today, Thursday, May 22, 2025 at 10:00 am ET

ADI will host a conference call to discuss our second quarter fiscal 2025 results and short-term outlook today, beginning at 10:00 am ET. Investors may join via webcast, accessible at investor.analog.com.

Non-GAAP Financial Information

This release includes non-GAAP financial measures that are not in accordance with, nor an alternative to, U.S. generally accepted accounting principles (GAAP) and may be different from non-GAAP measures presented by other companies. In addition, these non-GAAP measures are not based on any comprehensive set of accounting rules or principles. These non-GAAP measures have material limitations in that they do not reflect all of the amounts associated with the Company’s results of operations as determined in accordance with GAAP and should not be considered in isolation from, or as a substitute for, the Company’s financial results presented in accordance with GAAP. The Company’s use of non-GAAP measures, and the underlying methodology when including or excluding certain items, is not necessarily an indication of the results of operations that may be expected in the future, or that the Company will not, in fact, record such items in future periods. You are cautioned not to place undue reliance on these non-GAAP measures. Reconciliations of these non-GAAP financial measures to their most directly comparable GAAP financial measures are provided in the financial tables included in this release.

Management uses non-GAAP measures internally to evaluate the Company’s operating performance from continuing operations against past periods and to budget and allocate resources in future periods. These non-GAAP measures also assist management in evaluating the Company’s core business and trends across different reporting periods on a consistent basis. Management also uses these non-GAAP measures as primary performance measurements when communicating with analysts and investors regarding the Company’s earnings results and outlook and believes that the presentation of these non-GAAP measures is useful to investors because it provides investors with the operating results that management uses to manage the Company and enables investors and analysts to evaluate the Company’s core business. Management also believes that free cash flow, a non-GAAP liquidity measure, is useful both internally and to investors because it is indicative of the Company’s ability to pay dividends, purchase common stock, make investments and fund acquisitions and, in the absence of refinancings, to repay its debt obligations.  

The non-GAAP financial measures referenced by ADI in this release include: adjusted gross margin, adjusted gross margin percentage, adjusted operating expenses, adjusted operating expenses percentage, adjusted operating income, adjusted operating margin, adjusted nonoperating expense (income), adjusted income before income taxes, adjusted provision for income taxes, adjusted tax rate, adjusted diluted earnings per share (EPS), free cash flow, and free cash flow revenue percentage. 

Adjusted gross margin is defined as gross margin, determined in accordance with GAAP, excluding certain acquisition related expenses1, which are described further below. Adjusted gross margin percentage represents adjusted gross margin divided by revenue. 

Adjusted operating expenses is defined as operating expenses, determined in accordance with GAAP, excluding: certain acquisition related expenses1 and special charges, net2, which are described further below. Adjusted operating expenses percentage represents adjusted operating expenses divided by revenue.

Adjusted operating income is defined as operating income, determined in accordance with GAAP, excluding: acquisition related expenses1 and special charges, net2, which are described further below. Adjusted operating margin represents adjusted operating income divided by revenue. 

Adjusted nonoperating expense (income) is defined as nonoperating expense (income), determined in accordance with GAAP, excluding: certain acquisition related expenses1, which is described further below.   

Adjusted income before income taxes is defined as income before income taxes, determined in accordance with GAAP, excluding: acquisition related expenses1 and special charges, net2, which are described further below.   

Adjusted provision for income taxes is defined as provision for income taxes, determined in accordance with GAAP, excluding tax related items3, which are described further below. Adjusted tax rate represents adjusted provision for income taxes divided by adjusted income before income taxes. 

Adjusted diluted EPS is defined as diluted EPS, determined in accordance with GAAP, excluding: acquisition related expenses1, special charges, net2, and tax related items3, which are described further below.

Free cash flow is defined as net cash provided by operating activities, determined in accordance with GAAP, less additions to property, plant and equipment, net. Free cash flow revenue percentage represents free cash flow divided by revenue.  

1Acquisition Related Expenses: Expenses incurred as a result of current and prior period acquisitions and primarily include expenses associated with the fair value adjustments to debt, property, plant and equipment and amortization of acquisition related intangibles, which include acquired intangibles such as purchased technology and customer relationships. Expenses also include fair value adjustments associated with the replacement of share-based awards related to the Maxim Integrated Products, Inc. (Maxim) acquisition. We excluded these costs from our non-GAAP measures because they relate to specific transactions and are not reflective of our ongoing financial performance.

2Special Charges, Net: Expenses, net, incurred as part of the integration of Maxim, in connection with facility closures, consolidation of manufacturing facilities, severance, other accelerated stock-based compensation expense and other cost reduction efforts or reorganizational initiatives. We excluded these expenses from our non-GAAP measures because apart from ongoing expense savings as a result of such items, these expenses have no direct correlation to the operation of our business in the future.

3Tax Related Items: Income tax effect of the non-GAAP items discussed above. We excluded the income tax effect of these tax related items from our non-GAAP measures because they are not associated with the tax expense on our current operating results.

About Analog Devices, Inc.
Analog Devices, Inc. (NASDAQ: ADI) is a global semiconductor leader that bridges the physical and digital worlds to enable breakthroughs at the Intelligent Edge. ADI combines analog, digital, and software technologies into solutions that help drive advancements in digitized factories, mobility, and digital healthcare, combat climate change, and reliably connect humans and the world. With revenue of more than $9 billion in FY24 and approximately 24,000 people globally, ADI ensures today’s innovators stay Ahead of What’s Possible. Learn more at www.analog.com and on LinkedIn and Twitter (X). 

Forward-Looking Statements
This press release contains forward-looking statements, which address a variety of subjects including, for example, our statements regarding future financial performance; impacts related to tariffs and other trade restrictions; economic uncertainty; macroeconomic, geopolitical, demand and other market conditions, business cycles, and supply chains; our hybrid manufacturing strategy; our capital allocation strategy, including future dividends, share repurchases, capital expenditures, investments, and free cash flow returns; expected revenue, operating margin, nonoperating expenses, tax rate, earnings per share, and other financial results; expected market and technology trends and acceleration of those trends; market size, market share gains, market position, and growth opportunities; expected product solutions, offerings, technologies, capabilities, and applications; the value and importance of, and other benefits related to, our product solutions, offerings, and technologies to our customers; and other future events. Statements that are not historical facts, including statements about our beliefs, plans and expectations, are forward-looking statements. Such statements are based on our current expectations and are subject to a number of factors and uncertainties, which could cause actual results to differ materially from those described in the forward-looking statements. The following important factors and uncertainties, among others, could cause actual results to differ materially from those described in these forward-looking statements: economic, political, legal and regulatory uncertainty or conflict, including increased uncertainty and volatility with respect to tariffs, export controls and other trade restrictions, actions taken or which may be taken by the presidential administration, executive offices of the U.S. government, or U.S. Congress, monetary policy, political, geopolitical, trade, or other issues in the United States or internationally, and the ongoing conflicts between Russia and Ukraine and in Israel and the Middle East; changes in demand for semiconductor products; manufacturing delays, product and raw materials availability and supply chain disruptions; diversion of products from our authorized distribution channels; changes in export classifications, import and export regulations or duties and tariffs; our development of technologies and research and development investments; our future liquidity, capital needs and capital expenditures; our ability to compete successfully in the markets in which we operate; our ability to recruit and retain key personnel; risks related to acquisitions or other strategic transactions; security breaches or other cyber incidents; risks related to the use of artificial intelligence in our business operations, products, and services; adverse results in litigation matters; reputational damage; changes in our estimates of our expected tax rates based on current tax law; risks related to our indebtedness; the discretion of our Board of Directors to declare dividends and our ability to pay dividends in the future; factors impacting our ability to repurchase shares; and uncertainty as to the long-term value of our common stock. For additional information about factors that could cause actual results to differ materially from those described in the forward-looking statements, please refer to our filings with the Securities and Exchange Commission, including the risk factors contained in our most recent Annual Report on Form 10-K. Forward-looking statements represent management’s current expectations and are inherently uncertain. Except as required by law, we do not undertake any obligation to update forward-looking statements made by us to reflect subsequent events or circumstances.

Analog Devices and the Analog Devices logo are registered trademarks or trademarks of Analog Devices, Inc. All other trademarks mentioned in this document are the property of their respective owners.

For more information, please contact:

Jeff Ambrosi
781-461-3282
Senior Director, Investor Relations
investor.relations@analog.com 

View original content to download multimedia:https://www.prnewswire.com/news-releases/analog-devices-reports-fiscal-second-quarter-2025-financial-results-302462613.html

SOURCE Analog Devices, Inc.