The following are recent financial reports as posted by selected Utah corporations:
HealthEquity
HealthEquity Inc., based in Draper, reported net income of $28.8 million, or 33 cents per share, for the first quarter ended April 30. That compares with $4.1 million, or 5 cents per share, for the same quarter a year earlier.
Revenue in the most recent quarter totaled $287.6 million, up from $244.4 million in the year-earlier quarter.
HealthEquity is the nation’s largest health savings account (HSA) custodian.
“Record first-quarter HSA sales, greater enhanced rates adoption, and timely transition of two of three BenefitWallet tranches made for a great team start to fiscal 2025,” Jon Kessler, president and CEO, said in announcing the results. “With momentum on both growth and margins, we are raising full-year guidance and pushing forward our platform investments to deliver remarkable experiences, deepen partnerships, and drive member outcomes.”
Sportsman’s Warehouse
Sportsman’s Warehouse Holdings Inc., based in West Jordan, reported a net loss of $18.1 million, or 48 cents per share, for the first quarter ended May 4. That compares with a loss of $15.6 million, or 42 cents per share, for the same quarter a year earlier.
Net sales in the most recent quarter totaled $244.2 million, down from $267.5 million in the year-earlier quarter.
Sportsman’s Warehouse Holdings Inc. is an outdoor specialty retailer.
“Although our results continue to be affected by a challenging macroenvironment, we continue to execute on our efforts on resetting the organization to focus on providing our passionate customers with great gear and exceptional service,” Paul Stone, president and CEO, said in announcing the results.
“Our stores are beginning to come to life visually, with improved store layouts, sightlines and feature space, making for an improved customer experience. We will continue to emphasize both newness and a value-driven assortment that aligns with our key outdoor seasons. Our focus remains on the areas of the business where we have the greatest control, closely managing our expenses and balance sheet, and using excess cash to pay down debt.”