Ryan Pape is CEO of Xpel Inc., which makes protective films for vehicles and buildings. The company set revenue records in the second quarter. Billy Calzada, San Antonio Express-News / Staff photographer Welcome back to Earnings Roundup, SA Inc’s weekly summary of the latest quarterly financial reports from companies of local interest. Look for it online every Monday during quarterly and annual earnings reporting periods. Watch More This week’s roundup of recent quarterly financial reports includes local companies and , along with companies that operate in the area, such as , and SeaWorld’s parent, . David Brown is chairman and CEO of Victory Capital Holdings Inc. Billy Calzada/San Antonio Express-News Victory Capital Q2 results boosted by acquisition San Antonio-based Victory Capital Holdings Inc. completed the of French money manager Amundi, boosting its second-quarter results compared with the year-ago period. Its assets under management increased by $131.1 billion to $298.6 billion as of June 30, with most of the increase tied to the acquisition. Profit adjusted for one-time gains and costs was $1.57 per share, compared with $1.31 in the 2024 quarter, while revenue surged nearly 60%, beating expectations. Article continues below this ad **Q2 net income:** $46.08 million vs. $74.25 million SALE! One subscription. Unlimited discoveries: 25¢ for 3 months. SALE! One subscription. Unlimited discoveries: 25¢ for 3 months. **Q2 revenue:** $351.21 million vs. $219.62 million **Quotable:** “The second quarter marked a key milestone with the successful closing of our strategic partnership with Amundi and the acquisition of Pioneer Investments… Our business performance was also strong in the quarter.” _— Chairman and CEO David Brown_ Jeffery Leonard is CEO of Alamo Group Inc. Alamo Group Inc. ‘Strong demand’ helps boost Alamo Group’s bottom line SEGUIN— Alamo Group Inc. turned in a solid second quarter with net income rising 9.8% and revenue edging up 0.7% compared with the year-ago quarter. It said results were primarily tied to “sustained strong demand” from government agencies and specialty contractors for products offered by its industrial equipment division, which posted a nearly 18% jump in sales. The Seguin-based maker of road maintenance, industrial and farm equipment also noted the acquisition of Ring-O-Matic, an industrial vacuum excavation equipment manufacturer, a move it expects to strengthen its product portfolio. Article continues below this ad **Q2 net income:** $31.11 million vs $28.32 million **Q2 revenue:** $419.07 million vs. $416.3 million **Quotable:** “While we remain mindful of ongoing global trade uncertainty, we firmly believe the Company is well positioned for continued improvement in operating performance.” _— President and CEO Jeff Leonard_ TaskUs Inc., an outsourced digital services provider, is headquartered in New Braunfels. Associated Press With go-private deal looming, TaskUs posts more profit, revenue growth NEW BRAUNFELS — TaskUs Inc., a provider of digital outsourcing services, posted another strong quarter with both profit and revenue growth. It said each of its service lines — digital customer experience, trust and safety and artificial intelligence services — saw “double-digit year-over-year revenue growth.” The company now has 60,400 global employees. The performance comes with the firm set to go private by the end of the year. Under the plan, TaskUs’ CEO, its co-founder and an affiliate of the Blackstone investment group will buy all the company’s shares. Article continues below this ad **Q2 net income:** $20.04 million vs. $12.6 million **Q2 revenue:**$294.09 million vs. $237.93 million **Quotable:** “Agentic AI from Decagon and Regal should enable us to reduce the cost of customer support by 25-50% while significantly improving quality. Our AI deployment specialists will apply agentic AI upfront to automate many simple, repetitive customer service functions. We’ll then provide human support from our talented experts. This hybrid model is the future of customer support.” —_CEO Bryce Maddock_ Xpel sets revenue records in the second quarter Xpel Inc.’s revenue set a record in the second quarter, rising 13.5% compared with the year-ago period, fueled by record revenue in the U.S., Europe and the Middle East. The San Antonio-based manufacturer of protective films and coatings reported that China had the largest percentage increase in revenue, 75.1%, although it remains significantly smaller than its U.S. and Canadian markets. On a per-share basis, earnings increased to 59 cents from 54 cents in the second quarter of 2024. Article continues below this ad **Q2 net income:**$16.29 million vs. $15.03 million **Q2 revenue:** $124.71 million vs. $109.92 million **Quotable:** “I am pleased with our first half performance in this environment. We look forward to building on this momentum for the rest of the year.” _—President and CEO Ryan Pape_ Clear Channel Outdoor’s bottom line back in black for second quarter Clear Channel Outdoor Holdings Inc. swung to a second-quarter profit from a loss in the year-ago period as revenue increased 7%. As part of its decision to focus on its U.S. operations, the San Antonio-based company said it struck a deal to sell its business in Brazil to Publibanca Brasil S.A., an affiliate of Eletromidia S.A., for about $14.7 million. In addition, Clear Channel said the sales process for its discontinued operations in Spain is continuing. Article continues below this ad **Q2 net income:** $9.52 million vs. loss of $39.17 million **Q2 revenue:** $402.81 million vs. $376.48 million **Quotable:** “Our transition into a U.S.-focused organization has allowed us to direct our attention to maximizing our investments in our digital footprint, data analytics and sales force to scale our business in an efficient manner.” _— CEO Scott Wells_ Amar Maletira is CEO of Rackspace Technology Inc. Courtesy of Rackspace Technology Inc. Rackspace continues string of quarterly losses Rackspace Technology Inc. racked up its and slide in revenue. The San Antonio-based cloud computing company last posted a profit in the second quarter of 2024. On a per-share basis, it reported a second-quarter loss of 23 cents a share compared with a profit of 11 cents in the year-ago period. But the company met expectations for the 12th consecutive quarter as it makes progress in its “operational turnaround,” its CEO said. The company’s prospective sales rose 16% while operating profit increased 34% year‑over‑year. **Q2 net income:** Loss of $54.5 million vs. profit of $25 million **Q2 revenue:** $666.3 million vs. $684.9 million **Quotable:** “I am pleased with our second quarter results. Revenue and operating profit exceeded the midpoint of guidance.” _—CEO Amar Maletira_ Louis Hoch is CEO of Usio Inc., a San Antonio-based payment processing technology company. Josie Norris/San Antonio Express-News Usio posts loss, awaits tech investment payoff Electronic payment processing company Usio Inc. posted , as compared with a year-ago profit. Revenue dipped less than a percent, weighed down by a 26% decrease in revenue from its prepaid card services business. Usio leadership lowered revenue guidance, as it did last year, this time attributing the change to delays with two of its large accounts. It now expects revenue to increase by 5% to 12% for the year. The company has been investing in new technologies such as wearables and biometric systems to grow its business. **Q2 net income:** Loss of $366,654 vs. profit of $75,492 **Q2 revenue:** $19.96 million vs. $20.08 million **Quotable:** “We believe we are set up for a better back half of the year with numerous new accounts in various stages of implementation.” _– President and CEO Louis Hoch_ Tariffs weigh on Toyota’s bottom line in Q2 TOKYO— Toyota Motor Corp.’s in its fiscal first quarter, which ended June 30. The Japanese automaker said President Donald Trump’s tariffs cost its quarterly operating profit $3 billion. Cost reduction efforts and the negative effects of an unfavorable exchange rate also hurt its bottom line. The automaker cut its full-year earnings forecasts largely because of the tariffs. The company, which makes Tundra pickups and hybrid Sequoia SUVs at its plant in San Antonio, now forecasts an $18 billion profit for the full fiscal year ending in March 2026, down from an earlier forecast for a $21 billion profit. “Despite a challenging external environment, we have continued to make comprehensive investments, as well as improvements” to minimize the impact of the tariffs, Toyota said. **Q1 net income:** $5.71 billion vs. $9.05 billion **Q1 revenue:** $83.17 billion vs. $83.05 billion Bad weather dampens Six Flags’ results in Q2 CHARLOTTE, N.C.— Six Flags Entertainment Corp. announced CEO Richard Zimmerman won the heels of reporting a nearly $100 million loss in the second quarter. Six Flags, which merged with Cedar Fair in 2024, said attendance fell 9% amid bad weather. It operates Six Flags Fiesta Texas and Hurricane Harbor in San Antonio and Schlitterbahn Resort in New Braunfels. 2025 revenue and earnings are based on all its parks while 2024 figures reflect only Cedar Fair sites. **Q2 net income:** Loss of $99.65 million vs. profit of $55.55 million **Q2 revenue:** $930.39 million vs. $571.62 million **Quotable:** “As weather normalized in July, demand for our parks has measurably improved, which we believe underscores the long-term effectiveness of our 2025 capital program and other strategic initiatives.” _—President and CEO Richard Zimmerman_ SeaWorld parent misses Wall Street expectations ORLANDO, Fla. — United Parks &amp; Resorts Inc., which operates SeaWorld San Antonio and Aquatica San Antonio, reported that despite “the worst weather” the company has seen, attendance at its parks edged up 0.8% to 6.2 million in the second quarter. But profit fell 12.1% while revenue was down 1.5% compared with the year-ago period. On a per-share basis, the amusement park operator reported earnings of $1.45, down slightly from $1.46. Both profit and revenue missed Wall Street expectations. **Q2 net income:** $80.11 million vs. $91.12 million **Q2 revenue:** $490.21 million vs. $497.59 million **Quotable:** “We are pleased to have grown attendance in the second quarter despite experiencing amongst the worst weather we have ever experienced in a second quarter.” _— CEO Marc Swanson_ Leidos tops Wall Street expectations with boosts in profit, revenue RESTON, Va. —Leidos Holdings Inc. surpassed Wall Street expectations with per-share earnings of $3.01 in the second quarter on a 3% increase in revenue. The security and engineering company, which has operations at Port San Antonio, said revenue was boosted by increased demand across all customer segments, especially in its defense systems. The company said net bookings totaled $3.9 billion in the quarter, including two large intelligence community contracts: a 10-year, $1.3 billion award and a six-year, $390 million recompete. Leidos expects full-year earnings in the range of $11.15 to $11.45 per share, with revenue in the range of $17 billion to $17.25 billion. **Q2 net income:** $391 million vs. $322 million **Q2 revenue:** $4.25 billion vs. $4.13 billion **Quotable:** “We are pleased to improve our guidance outlook for 2025 given two quarters of exceptional performance and enhanced clarity on the macro environment.” _—CEO Tom Bell_

Earnings roundup: Q2 good for Victory Capital, others but rough for Rackspace

A roundup of Q2 financial results from several companies, including Victory Capital Holdings, Alamo Group, TaskUs, Xpel, Clear Channel Outdoor, Rackspace Technology, Usio, Toyota Motor Corp., Six Flags Entertainment Corp., United Parks & Resorts, and Leidos Holdings. Victory Capital saw strong growth due to the acquisition of Amundi, with revenue and profit rising significantly. Alamo Group reported solid performance driven by strong demand in industrial equipment. TaskUs posted profit and revenue growth, with plans to go private by year-end. Xpel set a revenue record, with notable growth in China. Clear Channel Outdoor turned profitable after selling its Brazil operations. Rackspace continued its string of quarterly losses despite improving operating profit and revenue. Usio posted a loss due to declining prepaid card revenue and lowered guidance. Toyota reported a significant hit to profits from tariffs, reducing its full-year forecast. Six Flags reported a large loss due to weather-related attendance drops. United Parks & Resorts saw declining profit and revenue despite attendance growth. Leidos exceeded expectations with strong revenue and profit growth, driven by defense contracts.