Executive Summary

Q1 FY2025 (three months ended October 31, 2024) delivered modest top-line growth and a small profit: revenue rose 4.0% YoY to $5.54M and EPS improved to $0.01 from $(0.10) in the prior-year quarter; sequentially, revenue grew 0.9% and profitability improved from a Q4 FY2024 loss to a Q1 profit .
Operating narrative was minimal; the company provided only headline financials (no guidance, no qualitative color) in the press release, and no earnings call transcript was available in our document set .
Trajectory into Q1 shows better earnings vs the prior two quarters (Q4 FY2024 EPS $(0.02); Q3 FY2024 EPS $(0.04)), suggesting incremental stabilization albeit at low margins (Q1 net margin ~0.5%) .
Consensus estimates from S&P Global were unavailable for MAYS this quarter; as a result, no beat/miss assessment versus Wall Street is possible (attempted retrieval unsuccessful).

What Went Well and What Went Wrong

What Went Well

Return to profitability: Q1 FY2025 net income of $26,657 (EPS $0.01) vs a loss in Q4 FY2024 $(31,085) and Q3 FY2024 $(84,880), supported by modest sequential revenue growth .
YoY improvement: Q1 FY2025 revenue increased 4.0% YoY to $5,539,129 from $5,323,801; EPS rebounded from $(0.10) to $0.01 .
Sequential consistency: Revenue stepped up from $5,490,296 in Q4 FY2024 to $5,539,129 in Q1 FY2025 (+0.9%), helping flip to positive EPS .

What Went Wrong

Profitability remains thin: net income margin ~0.5% in Q1 FY2025, indicating limited cushion against operating variability despite the positive EPS print .
Lack of disclosures: No segment detail, KPIs, or qualitative commentary to parse drivers of revenue and earnings changes; press release included only top-line and bottom-line numbers .
No guidance and no call: No formal guidance was provided and no earnings call transcript found in our document set, limiting visibility into near-term trajectory and management’s outlook .

Financial Results

Sequential comparison (oldest → newest)

Metric	Q3 FY2024 (3 mo ended Apr 30, 2024)	Q4 FY2024 (3 mo ended Jul 31, 2024)	Q1 FY2025 (3 mo ended Oct 31, 2024)	Q1 FY2025 Consensus
Revenue ($)	$5,364,324	$5,490,296	$5,539,129	N/A
Net Income ($)	$(84,880)	$(31,085)	$26,657	N/A
Diluted EPS ($)	$(0.04)	$(0.02)	$0.01	N/A
Net Income Margin (%)	(1.6%)	(0.6%)	0.5%	N/A

Notes: Net income margins are calculated from cited revenue and net income figures . Consensus unavailable; S&P Global data retrieval unsuccessful this quarter.

Year-over-year comparison

Metric	Q1 FY2024 (3 mo ended Oct 31, 2023)	Q1 FY2025 (3 mo ended Oct 31, 2024)
Revenue ($)	$5,323,801	$5,539,129
Net Income ($)	$(192,544)	$26,657
Diluted EPS ($)	$(0.10)	$0.01
Net Income Margin (%)	(3.6%)	0.5%

Notes: YOY margins are calculated from cited revenue and net income figures .

Segment breakdown

Not disclosed in the company’s Q1 FY2025 or prior two quarter press releases .

KPIs

Not disclosed (no occupancy, leasing, or other operating KPIs provided) .

Guidance Changes

Metric	Period	Previous Guidance	Current Guidance	Change
Company guidance	FY2025/Q2 onward	Not provided	Not provided in Q1 release	Maintained (no formal guidance)

Earnings Call Themes & Trends

No earnings call transcript was available in our document set. The company’s press releases provided only headline financials with no thematic commentary .

Topic	Previous Mentions (Q3 FY2024 and Q4 FY2024)	Current Period (Q1 FY2025)	Trend
AI/technology initiatives	Not discussed in press releases	Not discussed	No disclosure
Supply chain/costs	Not discussed	Not discussed	No disclosure
Macro/tariffs	Not discussed	Not discussed	No disclosure
Product/segment performance	Not discussed	Not discussed	No disclosure
Regional trends	Not discussed	Not discussed	No disclosure
Regulatory/legal	Not discussed	Not discussed	No disclosure
R&D/Capex execution	Not discussed	Not discussed	No disclosure

Management Commentary

The Q1 FY2025 press release contained only numerical results without narrative commentary or quotes; no qualitative drivers or outlook were provided .
Prior two quarter releases (Q4 FY2024, Q3 FY2024) similarly contained headline financials without operational color .

Q&A Highlights

No earnings call/Q&A transcript was available in our document set for Q1 FY2025; therefore, no Q&A themes or guidance clarifications to report .

Estimates Context

Wall Street consensus from S&P Global (EPS and Revenue) was unavailable for MAYS for Q1 FY2025; attempted retrieval was unsuccessful (no estimates to compare against).
As a result, beat/miss vs consensus cannot be assessed this quarter.

Key Takeaways for Investors

Modest sequential and YoY improvement: revenue +0.9% QoQ and +4.0% YoY, with a swing to a small profit (EPS $0.01) from losses in Q4 and Q3 .
Profitability remains fragile: net margin ~0.5% leaves limited buffer against volatility; sustainability of profitability is unproven absent operating detail .
Disclosure-light profile: no guidance, no call, and no KPIs limit visibility into drivers, making near-term forecasting difficult .
Monitoring items: watch subsequent quarter prints for consistency of profitability and any expansion in disclosure that could inform drivers and durability .
Trading implication: with minimal narrative and no consensus context, stock moves may hinge on liquidity and subsequent updates rather than this modestly positive print alone (numbers-only release) .

References:

Q1 FY2025 (three months ended Oct 31, 2024) press release: revenue $5,539,129; net income $26,657; EPS $0.01; YoY comps to Q1 FY2024 revenue $5,323,801 and net loss $(192,544) .
Q4 FY2024 (three months ended Jul 31, 2024) press release: revenue $5,490,296; net loss $(31,085); EPS $(0.02) .
Q3 FY2024 (three months ended Apr 30, 2024) press release: revenue $5,364,324; net loss $(84,880); EPS $(0.04) .

No additional Q1 FY2025 press releases or earnings call transcripts were found in our document set; company communications for the periods reviewed consisted solely of headline financials in 8-K Exhibit 99(i) press releases .

MAYS J W INC (MAYS)·Q1 2025 Earnings Summary