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izzi Accelerates Strategic Fiber Broadband Expansion with Harmonic
Prnewswire· 2026-02-19 21:10
close on Thursday,...][More Releases From This Source]## Explore[Telecommunications Industry][Computer & Electronics][Internet Technology][Carriers and Services][News Releases in Similar Topics]---- -- izzi Accelerates Strategic Fiber Broadband Expansion with Harmonic [Accessibility Statement] Skip NavigationHarmonic's cOS Virtualized Broadband Platform Is Simplifying Fiber Rollouts, Lowering Infrastructure Spend, and Delivering Exceptional Broadband ExperiencesSAN JOSE, Calif., Feb. 19, 2026 /PRNewswire/ - ...
Extra Space Storage Inc. Reports 2025 Fourth Quarter and Year-End Results
Prnewswire· 2026-02-19 21:10
Core Insights - Extra Space Storage Inc. reported steady financial results for Q4 and the full year of 2025, highlighting a focus on occupancy and revenue growth despite slight declines in same-store metrics [1][2]. Financial Performance - For Q4 2025, the company paid a dividend of $1.62 per share and achieved net income of $287.4 million, or $1.36 per diluted share, a 9.7% increase from Q4 2024 [1][2]. - Funds from operations (FFO) for Q4 were $440.3 million, translating to $1.99 per diluted share, while Core FFO was $460.8 million, or $2.08 per diluted share, marking a 2.5% increase year-over-year [1][2]. - For the full year 2025, net income attributable to common stockholders was $974.0 million, or $4.59 per diluted share, a 13.9% increase from 2024 [1][2]. Operational Highlights - The company added 379 stores to its third-party management platform in 2025, bringing the total managed stores to 2,263 [1][2]. - Same-store revenue increased by 0.1% for the year, while same-store net operating income (NOI) decreased by 1.7% compared to 2024 [1][2]. - As of December 31, 2025, same-store occupancy was reported at 92.6%, down from 93.3% in the previous year [1][2]. Investment Activities - In 2025, the company originated $409.4 million in mortgage and mezzanine bridge loans and sold $122.1 million in mortgage bridge loans [1][2]. - The company acquired 41 operating stores for a total cost of $483.6 million during the year [1][2]. - The company also repurchased 1,158,244 shares of common stock for $149.5 million at an average price of $129.10 per share [1][2]. Outlook for 2026 - The company anticipates Core FFO for 2026 to range between $8.05 and $8.35 per share, with same-store revenue growth projected between -0.5% and 1.5% [2][5]. - Management expects customer rates to strengthen and new supply to moderate, positioning the portfolio for improved results in the coming year [1][2].
Metallus Announces Fourth-Quarter and Full-Year 2025 Results
Prnewswire· 2026-02-19 21:10
Core Insights - Metallus reported a net sales increase of 7% year-over-year for 2025, totaling $1.2 billion, driven by improved market demand and higher shipments across key end markets [1][2] - The company experienced a net loss of $1.2 million for the full year 2025, compared to a net income of $1.3 million in 2024, with adjusted net income of $15.3 million for 2025 [1][2] - The order book increased by over 50% year-over-year, indicating a stronger start to 2026 [1] Financial Performance - Fourth-quarter 2025 net sales were $267.3 million, a decrease of 13% from the third quarter, primarily due to lower shipments and seasonal factors [1][4] - Adjusted EBITDA for the fourth quarter was $2.4 million, down from $29.0 million in the third quarter [1] - Full-year 2025 adjusted EBITDA was $75.6 million, slightly lower than $77.7 million in 2024 [1][2] Operational Highlights - Manufacturing costs increased due to planned maintenance and lower production volume, with melt utilization declining to 66% in Q4 2025 from 72% in Q3 2025 [1][4] - Ship tons for 2025 totaled 631,700, a 14% increase from 2024, with significant growth in the aerospace and defense sectors [1][2] - The company is implementing operational optimization initiatives and increasing staffing levels to meet growing demand [1] Cash and Liquidity - As of December 31, 2025, total liquidity was $389.2 million, with cash and cash equivalents at $156.7 million [1][2] - The company invested $109.0 million in capital expenditures in 2025, including $81.3 million for government-funded projects [1][2] - Metallus repurchased 0.9 million common shares for $13.1 million during 2025, representing 3.8% of outstanding shares [2] Outlook - The company anticipates first-quarter adjusted EBITDA to be higher than in the fourth quarter of 2025, supported by a strong order book [2] - Price increases for certain products are expected to be implemented in 2026, with average base prices projected to rise slightly [2] - A new four-year labor agreement with the United Steelworkers was ratified on February 5, 2026, which includes a one-time payment of approximately $2.0 million [2]
AMH Reports Fourth Quarter and Full Year 2025 Financial and Operating Results
Prnewswire· 2026-02-19 21:08
AMH Reports Fourth Quarter and Full Year 2025 Financial and Operating Results [Accessibility Statement] Skip Navigation10% Increase in Quarterly DistributionLAS VEGAS, Feb. 19, 2026 /PRNewswire/ -- AMH (NYSE: AMH) (the "Company"), a leading large-scale integrated owner, operator and developer of single-family rental homes, today announced its financial and operating results for the quarter and full year ended December 31, 2025.Highlights- Raised common share dividend by 10% to $0.33 per share in the first q ...
LIVE NATION ENTERTAINMENT FULL YEAR AND FOURTH QUARTER 2025 RESULTS
Prnewswire· 2026-02-19 21:07
Core Insights - Live Nation Entertainment experienced significant growth in 2025, with a strong bond between artists and fans leading to double-digit growth across various metrics [1] - The company is positioned for continued growth in 2026, with expectations of record-breaking performance driven by increased ticket sales and venue expansions [2] Financial Performance - Revenue for 2025 reached $25.2 billion, up 9% from 2024, with adjusted operating income (AOI) of $2.4 billion, reflecting a 10% increase [1][2] - Operating income surged by 52% to $1.3 billion, while concert AOI rose 30% to $687 million, achieving a record margin of 3.3% [1][2] - Sponsorship AOI grew 11% to $845 million, driven by strong brand activity both online and onsite [1] Ticketing and Attendance - Ticketing fee-bearing gross transaction value (GTV) for concerts increased by 9% to $26 billion, with fan attendance rising 5% to 159 million [1] - Early indicators for 2026 show ticket sales for Live Nation concerts are up double-digits, with approximately 67 million fans expected to attend [1][2] Venue Expansion and Infrastructure - The company invested nearly $15 billion in artists and shows, reinforcing its position as a leading financial supporter of artists [1] - Venue Nation expanded its portfolio, adding six million fans on a run-rate basis in 2025, with plans for further expansion expected to add five to seven million fans in 2026 [1][2] Sponsorship and Brand Partnerships - Sponsorship spending across Live Nation's global venue portfolio grew mid-teens, with notable partnerships in travel, entertainment, beverages, and financial services [1] - The company anticipates that sponsorship AOI growth will be heavily driven by venue portfolio expansion and global festivals in 2026 [2] Cash Flow and Capital Expenditures - Live Nation generated operating cash flow of $1.4 billion in 2025, with free cash flow adjusted at $1.3 billion, both up double-digits from the previous year [2] - Capital expenditures for 2026 are expected to be between $1.1 billion and $1.2 billion, with a focus on venue expansion and enhancement projects [2]
Farmer Mac Reports 2025 Results
Prnewswire· 2026-02-19 21:05
Core Insights - Farmer Mac reported strong financial results for the fiscal year 2025, achieving record net effective spread and outstanding business volumes, marking the tenth consecutive year of record annual core earnings [1][2] - The company announced a 7% increase in its quarterly common stock dividend to $1.60 per share, reflecting its commitment to returning value to shareholders [1][3] - Total core capital reached $1.7 billion with a Tier 1 Capital Ratio of 13.3% as of December 31, 2025, indicating a solid capital position [1][3] Financial Performance - Record core earnings of $182.9 million, or $16.66 per diluted share, representing a 7% year-over-year growth [1][3] - Net income attributable to common stockholders was $182.5 million, or $16.62 per diluted share [1][3] - Net effective spread increased by 13% year-over-year to a record $383.0 million [1][3] - Net interest income grew by 10% year-over-year to $390.7 million [1][3] Business Volume and Liquidity - Farmer Mac provided $10.5 billion in liquidity and lending capacity to lenders serving rural America [1][3] - Outstanding business volume grew by $3.8 billion, reflecting a 13% increase year-over-year [1][3] Dividend Information - The quarterly dividend of $1.60 per share will be payable on March 31, 2026, to shareholders of record as of March 16, 2026 [1][3] - This marks the fifteenth consecutive annual increase in the quarterly common stock dividend [1][3] Balance Sheet Highlights - Total assets as of December 31, 2025, were $35.37 billion, up from $31.32 billion in 2024 [3][4] - Total liabilities increased to $33.65 billion from $29.84 billion in the previous year [3][4] - The company reported total equity of $1.72 billion, an increase from $1.49 billion in 2024 [3][4] Earnings Call Information - A conference call to discuss the fourth quarter and full year 2025 financial results is scheduled for February 19, 2026, at 4:30 p.m. Eastern Time [1][3]
Southern California Edison Awards ICF Energy Efficiency Contract Amendment
Prnewswire· 2026-02-19 21:05
Core Insights - ICF has been awarded a multi-million dollar contract amendment by Southern California Edison (SCE) to expand its role in the Agricultural Energy Efficiency Program (AgEE Program), significantly increasing its involvement in the agricultural sector [1] - The expansion aims to help agricultural customers reduce energy costs and improve operational efficiencies through rebates and advanced analytical tools [1] - ICF will utilize its ICF Sightline® platform to process rebates and engage customers, enhancing the program's reach and effectiveness [1] Company Overview - ICF is a leading global solutions and technology provider with approximately 9,000 employees, specializing in energy efficiency, electrification, and demand management programs [1] - The company collaborates with public and private sector clients to navigate complex challenges and implement cost-effective energy-saving programs [1] Program Details - The AgEE Program is designed to assist farms, dairies, greenhouses, and horticulture facilities in targeting high-energy usage and adopting advanced technologies [1] - ICF's partnership with SCE aims to deepen trust with agricultural customers while addressing challenges such as evolving regulations and rising operational costs [1]
Harmonic Announces Fourth Quarter and Fiscal 2025 Results
Prnewswire· 2026-02-19 21:05
Core Insights - Harmonic Inc. reported strong quarterly bookings in its Broadband business, achieving a book-to-bill ratio of 3.5 in Q4 2025, indicating robust demand and a significant year-over-year increase in backlog, which enhances visibility for 2026 [1][2] - The company anticipates strong revenue growth in Broadband driven by Unified DOCSIS 4.0 deployments and large customer plans, while the Video business, now classified as discontinued operations, exceeded revenue and profitability expectations [1][2] - Harmonic is on track to complete the sale of its Video business for $145 million in cash, expected to close in Q2 2026, which will support its capital allocation priorities [1][2] Financial Highlights - Total net revenue for Q4 2025 was $157.3 million, with a net loss per share of $0.49 [1][2] - For the Broadband segment, Q4 2025 net revenue was $98.2 million, with a net income of $0.2 million, and adjusted EBITDA of $12.1 million [1][2] - The company repurchased approximately 1.3 million shares for $13.3 million in Q4 2025, and cash reserves increased to $124.1 million from $101.5 million year-over-year [1][2] Business Operations - The backlog and deferred revenue reached $573.8 million, a 73% increase from $332.3 million the previous year, with a current portion of $307 million, reflecting a 110% year-over-year growth [1][2] - Harmonic achieved record bookings in the Rest-of-World segment in Q4, indicating potential for continued revenue growth in 2026 and beyond [1][2] - The company has signed several multi-year contracts, showcasing long-term commitment and revenue stability [1][2] Financial Guidance - For Q1 2026, Harmonic projects GAAP net revenue between $100 million and $105 million, with a gross margin of 53.0% to 54.3% [2][7] - For the full year 2026, the company anticipates GAAP net revenue between $440 million and $480 million, with a gross margin of 50.5% to 52.5% [2][7] - Non-GAAP guidance for Q1 2026 includes a net income per share estimate of $0.11 to $0.12, while for FY 2026, it is projected at $0.46 to $0.63 [2][7]
W. P. Carey Announces Closing of Public Offering of Common Stock
Prnewswire· 2026-02-19 21:05
Core Viewpoint - W. P. Carey Inc. has successfully closed a public offering of 6,000,000 shares of common stock, generating gross proceeds of $432 million, with plans to utilize the funds for future investments, debt repayment, and general corporate purposes [1] Group 1: Offering Details - The offering included a 30-day option for underwriters to purchase an additional 900,000 shares [1] - The company entered into forward sale agreements with Bank of America and JPMorgan Chase, allowing for the borrowing and selling of shares to underwriters [1] - The expected physical settlement of the forward sale agreements will occur within approximately 24 months from the date of the prospectus supplement [1] Group 2: Use of Proceeds - The net proceeds from the offering will be used to fund potential future investments, repay certain indebtedness, and for general corporate purposes [1] - The company has an unsecured revolving credit facility that may be repaid using the proceeds [1] Group 3: Company Profile - W. P. Carey Inc. is an internally-managed, diversified REIT primarily focused on owning commercial real estate, with a significant portion of revenue derived from lease income [1] - The company's real estate portfolio mainly consists of single-tenant industrial, warehouse, and retail facilities critical to tenant operations [1]
10x Genomics to Participate in the 46th Annual TD Cowen Health Care Conference
Prnewswire· 2026-02-19 21:05
10x Genomics to Participate in the 46th Annual TD Cowen Health Care Conference [Accessibility Statement] Skip NavigationPLEASANTON, Calif., Feb. 19, 2026 /PRNewswire/ -- [10x Genomics, Inc.](Nasdaq: TXG), a leader in single cell and spatial biology, announced today that members of its management team will participate in a fireside chat at the TD Cowen 46th Annual Health Care Conference on Tuesday, March 3, at 11:50 a.m. Eastern Time.Interested parties may access a live webcast of the fireside chat on the "I ...