Financial Performance - Net income per common share was $0.68, a decrease from $0.74 in Q3 2025, while earnings available for distribution per common share was $0.56, down from $0.58[9][12] - Net income attributable to common stockholders for the year ended December 31, 2025, was $88,173,000, a substantial increase from $34,763,000 in 2024[30] - Net income attributable to common stockholders for Q4 2025 was $48,243,000, compared to a loss of $5,472,000 in Q4 2024, representing a significant recovery[45] - Comprehensive income for the year ended December 31, 2025, was $101,106,000, compared to $59,357,000 in 2024, indicating a significant improvement[32] Investment Portfolio - The company's investment portfolio totaled $6.3 billion, consisting of $5.4 billion in Agency RMBS and $0.9 billion in Agency CMBS[4] - The company’s mortgage-backed securities at fair value increased to $6,276,609,000 as of December 31, 2025, from $5,445,508,000 in 2024[35] Dividends - The company declared a common stock dividend of $0.36 per share, an increase from $0.34 in Q3 2025, and announced a shift to monthly dividend payments[21] - Earnings available for distribution increased to $39,868,000 in Q4 2025 from $32,253,000 in Q4 2024, reflecting a year-over-year growth of 23.5%[48] Interest Income and Expenses - Total interest income for Q4 2025 was $77.9 million, an increase of $5.0 million from Q3 2025, while total interest expense rose to $56.6 million[12] - Interest income for Q4 2025 was $77,901,000, an increase from $72,916,000 in Q3 2025 and $76,110,000 in Q4 2024[30] - Total interest expense for Q4 2025 was $56,643,000, with an effective interest expense of $30,247,000, resulting in an effective cost of funds of 2.24%[52] - Average cost of funds decreased to 4.20% in Q4 2025 from 5.13% in Q4 2024, reflecting improved funding efficiency[61] Assets and Liabilities - Total assets as of December 31, 2025, were $6,475,894,000, compared to $5,688,034,000 as of December 31, 2024, reflecting a growth of approximately 13.9%[35] - Total liabilities as of December 31, 2025, were $5,678,350,000, up from $4,957,305,000 in 2024, reflecting an increase of approximately 14.5%[35] Ratios - The debt-to-equity ratio increased to 7.0x from 6.7x as of September 30, 2025, reflecting an improved investment environment[4][12] - The debt-to-equity ratio as of December 31, 2025, was 7.0, up from 6.7 as of September 30, 2025[58] Earnings and Margins - The average net interest rate margin improved to 1.11% in Q4 2025, up from 0.90% in Q3 2025[12] - Basic income per common share for Q4 2025 was $0.68, up from a loss of $0.09 per share in Q4 2024[45] - Effective net interest income for Q4 2025 was $47,654,000, with an effective interest rate margin of 3.07%[54] - Average earning assets rose to $5,868,897,000 in Q4 2025, compared to $5,440,662,000 in Q4 2024, indicating a growth of 7.9%[61] Shareholder Actions - The company issued 849,987 shares of common stock for net cash proceeds of $7.2 million during Q4 2025[22] - The company repurchased and retired 76,356 shares of Series C Preferred Stock with a carrying value of $1.8 million during Q4 2025[23] Derivative Instruments - The company reported a realized loss on derivative instruments of $18,863,000 in Q4 2025, compared to a gain of $157,864,000 in Q4 2024[46] - The company did not report any TBA dollar roll income in Q4 2025, compared to $249,000 in Q4 2024[48]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 28, 2025 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___ to ___ Commission File No. 0-26841 1-800-FLOWERS.COM, Inc. (Exact name of registrant as specified in its charter) Delaware 11-3117311 Two Jerich ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 28, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 0-12933 ___________________________________________________________ LAM RESEARCH CORPORATION (Exact name of registrant as specifi ...

Financial Performance - Total revenues for the year ended December 31, 2025, were $38.1 billion, an increase of $3.1 billion (9%) compared to the previous year[199]. - Net income for 2025 was $4.9 billion, an increase of $3.3 billion, resulting in a net income margin of 12.8%[204]. - Adjusted EBITDA for 2025 was $3.2 billion, an increase of $1.2 billion, with an adjusted EBITDA margin of 8.4%[205]. - Equipment revenues increased to $20.9 billion in 2025, up from $19.0 billion in 2024, while services revenues rose to $17.1 billion from $16.0 billion[197]. - Organic revenues increased by $3.2 billion (9%), with organic equipment revenues up by $2.0 billion (11%) and organic services revenues up by $1.2 billion (7%)[200]. - Operating income for 2025 was $1.4 billion, a $0.9 billion increase, primarily due to improved performance in Electrification and Power segments[202]. - The company reported a significant increase in orders for Heavy-Duty Gas Turbines, with 110 units ordered in 2025 compared to 68 in 2024[209]. - RPO for Gas Power increased by $21.0 billion (29%) from 2024, reflecting strong demand for Heavy-Duty Gas Turbines and Aeroderivative equipment[210]. Sustainability and Environmental Commitment - The company aims to achieve carbon neutrality for its Scope 1 and Scope 2 emissions by 2030, reflecting its commitment to sustainability[25]. - GE Vernova is investing in small modular nuclear reactor (SMR) technology, marking the first commercial contract of its kind in North America[30]. - The company is committed to maintaining high environmental, health, and safety standards, adhering to various international and local regulations[62]. - The company faces risks related to sustainability goals, with potential penalties and reputational harm if expectations are not met[125]. - Changes in energy and environmental regulations could increase compliance costs and impact project economics, potentially reducing demand for the company's offerings[115][116]. Market and Demand Dynamics - GE Vernova's installed base generates approximately 25% of the world's electricity, highlighting its significant role in the electric power industry[12]. - The Electrification segment continues to experience robust demand, particularly for large-scale transmission-related equipment to interconnect renewables and modernize grid infrastructure[41]. - Demand for products in the Power segment is influenced by oil and gas regulatory policies, prices, and global supply and demand, which are largely outside the company's control[117]. - The U.S. market represents approximately 60% of the Onshore Wind segment's equipment RPO, indicating a strategic focus on this region[35]. - The company emphasizes the importance of grid modernization and investment to meet increasing energy demand and enhance energy resilience[198]. Operational Challenges and Risks - Supply chain disruptions and material shortages have affected the company's ability to meet customer obligations, leading to increased costs and reputational risks[80]. - The company relies on third-party suppliers and is exposed to geopolitical dynamics, tariffs, and other factors that may disrupt operations and financial performance[81]. - Regulatory and permitting delays can impede grid connectivity, affecting project timelines and revenue generation[100]. - The company faces significant costs related to compliance with global sanctions and regulations affecting sourcing and supply chains, including sustainability and human rights due diligence[71]. - Major events such as natural disasters and climate change can disrupt operations and increase costs, potentially affecting cash flows and business prospects[122]. Research and Development - GE Vernova plans to invest approximately $5 billion in cumulative R&D from 2025 through 2028, with half focused on industrializing existing products and the other half on long-term innovation[44]. - The company emphasizes the importance of innovation in emerging technologies, particularly in nuclear fuels and advanced energy systems, to remain competitive in global markets[92]. Corporate Governance and Compliance - The company is committed to allocating at least one-third of its cash generation to stockholders through dividends and share repurchases[24]. - The company has implemented a cybersecurity framework informed by industry standards, including NIST and ISO 27001, to manage risks[168]. - The company is subject to evolving laws on cybersecurity, data privacy, and artificial intelligence, impacting operational compliance[79]. - The Financial Services business has registered entities with the SEC and FINRA, subjecting them to various compliance and fiduciary duties[71]. Workforce and Labor Relations - GE Vernova employs around 75,000 employees globally, with approximately 70% specializing in manufacturing, engineering, or services[54]. - The company has approximately 1,400 union-represented production and maintenance employees in the U.S., with a collective bargaining agreement expiring in June 2030[66]. - Labor disputes and collective bargaining agreements could disrupt operations and increase costs[154]. - The company’s ability to attract and retain qualified personnel is critical for executing its strategy and could be impaired by competition for talent[150]. Strategic Transactions and Investments - GE Vernova announced an acquisition of the remaining 50% stake in Prolec GE for approximately $5.3 billion, expected to close in February 2026[188]. - Strategic transactions, including acquisitions and joint ventures, are critical for expanding the company's portfolio, but they carry risks related to integration and compliance[93][94].

Financial Performance - Sales revenue for Q4 2025 decreased by 12% to $1,973 million compared to Q4 2024, driven by an 11% lower sales volume/mix and a 2% decrease in selling prices[3]. - Adjusted EBIT for FY 2025 was $930 million, down from $1,298 million in FY 2024, reflecting challenges in sales volume and price-cost dynamics[3]. - Sales revenue for FY 2025 decreased by 7% to $8,752 million, primarily due to a 6% lower sales volume/mix and a 1% decrease in selling prices[15]. - Eastman reported Q4 2025 sales of $1,973 million, a decrease of 12% compared to Q4 2024 sales of $2,245 million[44]. - For the full year 2025, Eastman generated revenue of approximately $8,752 million, down from $9,382 million in 2024, reflecting a 7% decline[44]. - Gross profit for Q4 2025 was $338 million, down from $554 million in Q4 2024, indicating a significant reduction in profitability[44]. - The company’s net earnings for Q4 2025 were $105 million, compared to $331 million in Q4 2024, representing a decline of 68%[44]. - For the full year 2025, GAAP net earnings were $474 million, translating to $4.10 per diluted share, compared to $905 million and $7.67 per share in 2024[73]. - Non-GAAP net earnings for 2025 reached $627 million, with a 13% effective tax rate, compared to $931 million in 2024, resulting in adjusted diluted earnings per share of $5.42[73]. - Net earnings for Q4 2025 were $105 million, a decrease from $331 million in Q4 2024, while total net earnings for the twelve months were $475 million compared to $908 million in the previous year[79]. Cash Flow and Investments - Operating cash flow approached $1 billion in 2025, a decrease from approximately $1.3 billion in 2024, indicating strong cash generation despite a challenging environment[5][26]. - Net cash provided by operating activities in Q4 2025 was $502 million, down from $540 million in Q4 2024, with total cash provided for the year at $970 million compared to $1,287 million in 2024[79]. - The company experienced a net cash used in investing activities of $47 million in Q4 2025, compared to $132 million in Q4 2024, with total cash used for the year at $462 million versus $534 million in 2024[79]. - Cash and cash equivalents at the end of Q4 2025 were $566 million, down from $837 million at the end of Q4 2024[79]. - The company reported a net change in cash and cash equivalents of $77 million in Q4 2025, a decrease from $215 million in Q4 2024, resulting in a total cash change of $(271) million for the year compared to $289 million in 2024[79]. Cost Management and Savings - Cost reduction initiatives exceeded targets, achieving approximately $100 million in savings against a goal of over $75 million[5]. - For 2026, the company plans to increase cost structure reduction actions to a range of $125 million to $150 million, building on previous initiatives[27]. - The company incurred asset impairments and restructuring charges of $54 million in Q4 2025, compared to $10 million in Q4 2024[59]. - The company incurred $96 million in asset impairments and restructuring charges in 2025, impacting net earnings significantly[73]. Segment Performance - Advanced Materials segment sales decreased by 9% in Q4 2025 compared to Q4 2024, with sales of $656 million down from $720 million[46]. - Chemical Intermediates segment experienced a 17% decline in sales in Q4 2025, with revenue of $418 million compared to $503 million in Q4 2024[46]. - The Fibers segment saw a significant 27% drop in sales in Q4 2025, with revenue of $234 million compared to $321 million in Q4 2024[46]. - The Advanced Materials segment's EBIT was $41 million in Q4 2025, a decrease from $107 million in Q4 2024, with a full year EBIT of $319 million compared to $442 million in 2024[57]. - The Additives & Functional Products segment achieved EBIT of $94 million in Q4 2025, down from $128 million in Q4 2024, with a full year EBIT of $512 million, up from $487 million[57]. - The Chemical Intermediates segment reported a loss of $50 million in Q4 2025, compared to a profit of $20 million in Q4 2024, with a full year loss of $60 million versus a profit of $101 million in 2024[57]. - The Fibers segment's EBIT was $47 million in Q4 2025, down from $103 million in Q4 2024, with a full year EBIT of $283 million compared to $454 million in 2024[57]. Future Outlook - The company expects first-quarter 2026 adjusted EPS to be between $1.00 and $1.20, driven by improved volume/mix and reduced shutdown costs[28]. - The company anticipates improved manufacturing utilization and fewer shutdowns in 2026, alongside potential tailwinds from foreign currency exchange rates[27].

"Company") today announced financial results for its fiscal 2026 second quarter ended December 25, 2025. Second Quarter Summary CEO Commentary "We delivered strong top-line growth and achieved an approximately 32% increase in diluted earnings per share for the quarter, driven by executing our ongoing strategic initiatives of disciplined cost management, operational efficiencies and strategic pricing actions. While these results are encouraging, we continue to navigate headwinds from shifting consumer behavi ...

Financial Performance - Net loss for the first quarter of fiscal 2026 was $32.6 million, resulting in a diluted loss per share of $1.13, which included a litigation-related charge that reduced EPS by $0.23 [4] - Adjusted EBITDA for the quarter was a loss of $11.2 million, compared to a profit of $23.0 million in the same quarter last year [3] - Total revenue for the three months ended December 31, 2025, was $363.491 million, a decrease of 22.5% from $468.953 million in the same period of 2024 [21] - Gross profit for the same period was $37.204 million, down 48.3% from $72.078 million year-over-year [21] - The company reported a net loss of $32.597 million for Q1 2025, compared to a net income of $3.130 million in Q1 2024 [21] Homebuilding Metrics - Homebuilding revenue decreased by 21.9% year-over-year to $359.7 million, driven by a 22.8% decline in home closings to 700 homes, partially offset by a 1.2% increase in average selling price (ASP) to $513.9 thousand [4] - Total closings decreased to 700 units in Q1 2025 from 907 units in Q1 2024, representing a decline of 22.8% [25] - New orders, net of cancellations, fell to 763 units in Q1 2025 from 932 units in Q1 2024, a decrease of 18.1% [25] - Net new orders fell to 763, an 18.1% decrease from 932 in the prior year quarter, with a cancellation rate of 18.3%, up from 16.5% [5] - The backlog dollar value was $573.3 million, down 29.7% from $816.0 million a year ago, with backlog units decreasing by 33.1% to 1,008 homes [6] - The aggregate dollar value of homes in backlog was $573.3 million as of December 31, 2025, down 29.8% from $816.0 million in 2024 [25] Margins and Costs - The gross margin for homebuilding was 10.4%, down 480 basis points from the previous year, with a margin of 14.0% when excluding impairments and amortized interest [8] - Homebuilding gross profit margin (GAAP) for Q1 2025 was 10.4%, compared to 15.2% in Q1 2024 [27] - The company aims to improve margins through construction cost reductions and selective asset sales, while also focusing on community count and deleveraging goals for 2027 [2] Debt and Capitalization - Total debt to total capitalization ratio increased to 48.4% from 46.5% a year ago, while net debt to net capitalization ratio rose to 45.6% from 44.5% [13] - Total debt increased to $1.125 billion as of December 31, 2025, from $1.029 billion at the end of September 2025 [23] - Total debt (GAAP) increased to $1,125,055 thousand in 2025 from $1,071,290 thousand in 2024, representing a growth of approximately 5.0% [30] - Stockholders' equity (GAAP) decreased to $1,200,248 thousand in 2025 from $1,234,048 thousand in 2024, a decline of about 2.7% [30] - Total capitalization (GAAP) rose to $2,325,303 thousand in 2025, up from $2,305,338 thousand in 2024, indicating an increase of around 0.9% [30] - Net debt (Non-GAAP) increased to $1,004,298 thousand in 2025 compared to $990,911 thousand in 2024, reflecting a rise of approximately 1.3% [30] - Net capitalization (Non-GAAP) decreased to $2,204,546 thousand in 2025 from $2,224,959 thousand in 2024, a decrease of about 0.9% [30] Cash and Inventory - Cash and cash equivalents decreased to $120.757 million from $214.705 million in the previous quarter [23] - Inventory increased to $2.141 billion as of December 31, 2025, compared to $2.029 billion at the end of September 2025 [23] - Land acquisition and development spending was $180.7 million, a decrease of 14.5% from $211.3 million in the prior year [10] Stock Repurchase - The company repurchased $15.1 million of its outstanding common stock at an average price of $21.72 per share during the quarter [11]

Financial Performance - Net income for Q4 2025 was $108.4 million, or $1.59 per diluted share, up from $94.4 million, or $1.37 per diluted share in Q4 2024[3] - Full year 2025 net income reached $412.2 million, or $6.00 per diluted share, compared to $358.7 million, or $5.19 per diluted share in 2024, driven by a $87.7 million, or 10.3% increase in net interest income[4] - Net income for the three months ended December 2025 was $108,356,000, compared to $87,935,000 for the same period in 2024, representing a year-over-year increase of 23.2%[27] - Adjusted net income for the twelve months ended December 2025 was $411,625,000, up from $346,640,000 in 2024, reflecting a growth of 18.7%[27] - Net income for the twelve months ended December 2025 was $412,154,000, compared to $358,685,000 in 2024, showing an increase of 14.9%[29] - Net income available to common shareholders for Q4 2025 was $108,356,000, compared to $106,029,000 in Q3 2025, reflecting a growth of 2.2%[44] - Net income for the Banking Division in Q4 2025 reached $83,224,000, an increase of 10.9% compared to $75,065,000 in Q3 2025[52] - Net income for the company in 2025 was $412,154,000, an increase of 15% from $358,685,000 in 2024[52] Earnings and Shareholder Value - Basic earnings per share for the three months ended December 2025 was $1.59, compared to $1.28 for the same period in 2024, an increase of 24.2%[27] - Diluted earnings per common share for Q4 2025 was $1.59, up from $1.37 in Q4 2024, reflecting a growth of 16.1%[29] - The book value per share at the end of December 2025 was $59.92, compared to $54.32 at the end of December 2024, representing an increase of 10.5%[27] - Tangible book value per share at the end of December 2025 was $44.18, up from $38.59 in December 2024, marking a growth of 14.5%[46] Asset and Deposit Growth - Total assets increased to $27.52 billion at December 31, 2025, up from $26.26 billion at December 31, 2024[16] - Total deposits increased by $653.5 million, or 3.0%, to $22.38 billion at December 31, 2025[17] - Total deposits increased to $22,375,995,000 in December 2025 from $21,722,448,000 in December 2024, representing a rise of 3.0%[31] - Total earning assets increased to $25,399,767 thousand in December 2025, up from $24,956,298 thousand in September 2025, representing a growth of 1.77%[37] - Total deposits rose to $22,397,329 thousand in December 2025, compared to $21,898,464 thousand in September 2025, indicating an increase of 2.28%[37] Income and Expense Analysis - Total interest income for Q4 2025 was $358,063,000, an increase from $346,363,000 in Q4 2024, representing a growth of 3.9% year-over-year[29] - Noninterest income decreased by $14.4 million, or 18.9%, in Q4 2025, totaling $61.8 million compared to $76.3 million in Q3 2025[11] - Noninterest income for Q4 2025 totaled $61,827,000, a decrease from $68,959,000 in Q4 2024, indicating a decline of 10.3% year-over-year[29] - Total noninterest expense for the twelve months ended December 2025 was $603,950,000, a slight decrease from $607,794,000 in 2024[29] - Total noninterest expense for the Banking Division in Q4 2025 was $103,420,000, a decrease of 9.2% from $113,973,000 in Q3 2025[52] Efficiency and Profitability Metrics - Return on average assets (ROA) for Q4 2025 was 1.57%, with a full year ROA of 1.54%[6] - The return on average assets for the three months ended December 2025 was 1.57%, up from 1.36% in the same period of 2024, indicating improved operational efficiency[27] - The efficiency ratio for the three months ended December 2025 was 46.59%, a decrease from 52.83% in the same period of 2024, showing enhanced cost management[27] - Adjusted efficiency ratio for December 2025 improved to 46.59%, compared to 52.26% in December 2024, indicating enhanced operational efficiency[46] - The efficiency ratio for the twelve months ended December 2025 was 50.00%, down from 53.20% in December 2024, indicating improved cost management[46] Loan and Credit Quality - The allowance for loan losses remained stable at 1.62% of loans, with a net charge-off ratio of 26 basis points for Q4 2025[19] - The provision for credit losses was $16,601 thousand in December 2025, compared to $11,176 thousand in September 2025, marking an increase of 48.5%[33] - Non-performing assets totaled $120,472 thousand in December 2025, up from $109,428 thousand in September 2025, indicating a rise of 9.5%[33] - The net charge-offs as a percentage of average loans (annualized) increased to 0.26% in December 2025 from 0.14% in September 2025[33] - The total allowance for credit losses remained stable at $401,558 thousand in December 2025, consistent with the previous quarter[33] Market and Trading Activity - The average daily trading volume for the three months ended December 2025 was 448,341 shares, compared to 432,964 shares in the same period of 2024, indicating increased market activity[27] - The market data showed a high intraday price of $78.99 in December 2025, compared to $74.56 in December 2024, indicating a positive market perception[27]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 27, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 000-22874 Viavi Solutions Inc. (Exact name of Registrant as specified in its charter) (State or other jurisdiction of incorporati ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-37709 Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the ...