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Centuri Holdings, Inc.(CTRI) - 2025 Q4 - Annual Results
2026-02-25 13:06
Financial Performance - Achieved record annual revenue of $3 billion for fiscal year 2025, a 13% increase compared to 2024[4] - Fourth quarter revenue reached $858.6 million, a 20% increase year-over-year, with gross profit of $80.5 million, up 13.2%[4] - Base revenue for the year was $2.943 billion, an 18% increase from 2024, with base gross profit of $234 million, representing a 35% increase[7] - Total revenue for the fiscal year ended December 28, 2025, was $2,982,781,000, an increase from $2,637,229,000 in the previous year, representing a growth of 13.1%[41] - Base revenue for the fiscal three months ended December 28, 2025, was $855,067,000, compared to $667,369,000 for the same period in 2024, reflecting a year-over-year increase of 28.1%[41] - Gross profit for the fiscal year ended December 28, 2025, was $246,566,000, compared to $220,672,000 in 2024, indicating an increase of 11.7%[43] - Adjusted EBITDA for the fiscal year ended December 28, 2025, was $249.0 million, compared to $238.2 million for the previous year, reflecting a growth of approximately 4.0%[38] - Adjusted EBITDA Margin for the fiscal year ended December 28, 2025, was 8.3%, compared to 9.0% for the previous year[38] - Net income for the fiscal year ended December 28, 2025, was $22.7 million, compared to a net loss of $6.8 million for the previous year[38] - Adjusted Net Income for the fiscal year ended December 28, 2025, was $39.0 million, compared to $26.2 million for the previous year, indicating a significant increase[38] - Adjusted diluted earnings per share for the fiscal year ended December 28, 2025, was $0.43, up from $0.32 in the previous year, marking a 34.4% increase[41] Bookings and Backlog - Secured total bookings of $4.5 billion for 2025, with a book-to-bill ratio of 1.5x, exceeding the target of 1.1x[10] - Expanded backlog to $5.9 billion, a 59% increase year-over-year, with a $13 billion opportunity pipeline[11] - The company expects that year-end 2025 backlog and 2026 year-to-date bookings will provide over 85% of its 2026 Base Revenue at the mid-point of guidance[20] - The company aims to achieve a book-to-bill ratio of 1.1x to 1.2x in 2026[20] Debt and Cash Flow - Net debt to adjusted EBITDA ratio improved to 2.5x from 3.6x year-over-year[8] - The net debt as of December 28, 2025, was $627,594,000, down from $849,202,000 in the previous year, showing a reduction of 26.0%[46] - Free Cash Flow is defined as cash flow from operations less net capital expenditures, indicating the cash available for the company after capital purchases[29] - Net cash provided by operating activities decreased to $78,121 from $158,230, a decline of approximately 50.7% year-over-year[49] - Free cash flow for the fiscal year ended December 28, 2025, was $35,749,000, compared to $68,855,000 in the previous year, reflecting a decrease of 48.0%[43] - The net increase in cash and cash equivalents was $79,040, compared to an increase of $15,612 in the prior year[49] Capital Expenditures and Investments - Management anticipates net capital expenditures of $75 to $90 million in 2026[14] - Capital expenditures were $86,325, down from $99,333, reflecting a reduction of about 13.5%[49] - The company reported proceeds from long-term debt borrowings of $242,936, with no previous comparable figure available[49] Other Financial Metrics - The company recognized a $23.7 million increase in deferred tax assets allocable to it due to a change in Southwest Gas Holdings' estimate of 2025 taxable income[34] - The total assets as of December 28, 2025, were $2,407,706,000, an increase from $2,074,390,000 in the previous year, representing a growth of 16.0%[46] - The trailing twelve-month adjusted EBITDA for the fiscal year ended December 28, 2025, was $249,015,000, compared to $238,226,000 in 2024, an increase of 4.5%[46] - The net cash flow provided by operating activities for the fiscal three months ended December 28, 2025, was $83,890,000, compared to $60,998,000 in the same period last year, representing a growth of 37.4%[43] - Proceeds from public offerings and private placements totaled $250,923, compared to $327,667, indicating a decrease of approximately 23.4%[49] - Net cash used in investing activities was $88,204, slightly down from $89,375, a decrease of about 1.3%[49] - Net cash provided by financing activities increased to $88,758 from a net cash used of $52,619, marking a significant turnaround[49] - Cash, cash equivalents, and restricted cash at the end of the period rose to $128,059 from $49,019, an increase of approximately 161.5%[49] - Principal payments on long-term debt increased to $364,680 from $318,668, reflecting a rise of about 14.5%[49] - The effects of foreign exchange translation contributed $365, contrasting with a loss of $624 in the previous period[49]
FEMSA(FMX) - 2025 Q4 - Annual Report
2026-02-25 13:03
Exhibit 99.1 4Q 2025 Results February 25, 2026 Investor Contact (52) 818-328-6167 investor@femsa.com.mx femsa.gcs-web.com Media Contact (52) 555-249-6843 comunicacion@femsa.com.mx femsa.com HIGHLIGHTS Monterrey, Mexico, February 25, 2026 — Fomento Económico Mexicano, S.A.B. de C.V. ("FEMSA") (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announced today its operational and financial results for the fourth quarter of 2025. Please refer to page 13 for our definition of "comparable" and a description of the factors affec ...
Aflac(AFL) - 2025 Q4 - Annual Report
2026-02-25 13:03
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 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: 001-07434 Aflac Incorporated (Exact name of registrant as specified in its charter) | Georgia | | 58-1167100 | | | --- | --- | --- | --- ...
Trinity Capital (TRIN) - 2025 Q4 - Annual Report
2026-02-25 13:02
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Maryland 35-2670395 (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (State or other jurisdiction of incorporation or organization) 1 N. 1 Street Suite 302 st FORM 10-K For the Fiscal Year Ended December 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-39958 TRINITY CAPITAL INC. (Exact name ...
Atlanta Braves (BATRA) - 2025 Q4 - Annual Results
2026-02-25 13:00
Exhibit 99.1 ATLANTA BRAVES HOLDINGS REPORTS FOURTH QUARTER AND YEAR END 2025 FINANCIAL RESULTS Atlanta, Georgia, February 25, 2026 – Atlanta Braves Holdings, Inc. ("ABH") (Nasdaq: BATRA, BATRK) today reported results for its fourth quarter and year end 2025 results. Highlights include: Discussion of Results | | Three months ended | | | Twelve months ended | | | | --- | --- | --- | --- | --- | --- | --- | | | December 31, | | | December 31, | | | | | 2025 | 2024 | % Change | 2025 | 2024 | % Change | | | | a ...
Atlanta Braves (BATRK) - 2025 Q4 - Annual Results
2026-02-25 13:00
Exhibit 99.1 ATLANTA BRAVES HOLDINGS REPORTS FOURTH QUARTER AND YEAR END 2025 FINANCIAL RESULTS Atlanta, Georgia, February 25, 2026 – Atlanta Braves Holdings, Inc. ("ABH") (Nasdaq: BATRA, BATRK) today reported results for its fourth quarter and year end 2025 results. Highlights include: | | Three months ended | | | Twelve months ended | | | | --- | --- | --- | --- | --- | --- | --- | | | December 31, | | | December 31, | | | | | 2025 | 2024 | % Change | 2025 | 2024 | % Change | | | | amounts in thousands | ...
Icahn Enterprises(IEP) - 2025 Q4 - Annual Results
2026-02-25 13:00
Financial Performance - For Q4 2025, revenues were $2.7 billion, an increase from $2.6 billion in Q4 2024, with net income of $1 million compared to a net loss of $98 million in the prior year[1][5] - For the full year 2025, revenues totaled $9.7 billion, down from $10.0 billion in 2024, with a net loss of $299 million compared to a loss of $445 million in 2024[2] - Adjusted EBITDA for Q4 2025 was $281 million, significantly higher than $16 million in Q4 2024[5] - Adjusted EBITDA for Q4 2025 was $394 million, a significant increase from $46 million in Q4 2024[22] - Net income for Q4 2025 was $44 million, compared to a loss of $110 million in Q4 2024[22] - Adjusted EBITDA attributable to IEP for the year ended December 31, 2025, was $338 million, up from $184 million for the year ended December 31, 2024[22] Assets and Liabilities - As of December 31, 2025, total assets were $14.2 billion, down from $16.3 billion in 2024, while total liabilities decreased to $10.8 billion from $11.7 billion[12] - The indicative net asset value as of December 31, 2025, was approximately $3.2 billion, a decrease of $654 million from September 30, 2025, primarily due to a $778 million decrease in long positions[5] - Total market-valued subsidiaries and investments decreased to $4,530 million as of December 31, 2025, down from $5,043 million as of September 30, 2025[20] - Indicative net asset value as of December 31, 2025, was $3,166 million, a decrease from $3,820 million as of September 30, 2025[20] Cash Flow - Cash and cash equivalents decreased to $1.45 billion as of December 31, 2025, from $2.6 billion in 2024[12] Expenses - Interest expense for Q4 2025 was $99 million, up from $83 million in Q4 2024[22] - Depreciation and amortization for Q4 2025 was $195 million, compared to $129 million in Q4 2024[22] - Impairment charges for Q4 2025 were $28 million, with no impairment recorded in Q4 2024[22] - The company reported a loss on disposition of assets of $12 million in Q4 2025, compared to a gain of $1 million in Q4 2024[22] Company Operations - The company operates in various sectors including Investment, Energy, Automotive, Food Packaging, Real Estate, Home Fashion, and Pharma[6] Risks - The company highlighted risks related to economic downturns, competition, and operational costs that may impact future performance[7] Distribution - The company declared a quarterly distribution of $0.50 per depositary unit, to be paid on or about April 15, 2026[4] Real Estate Segment - The real estate segment's indicative gross asset value increased to $1,367 million as of December 31, 2025, from $692 million as of September 30, 2025[20]
Lakeland Financial (LKFN) - 2025 Q4 - Annual Report
2026-02-25 13:00
For the fiscal year ended December 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 0-11487 LAKELAND FINANCIAL CORPORATION Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Indiana 35-1559596 (State of incorporation) (I.R.S. Employer Identification No.) 202 East Center Street, P.O. Box 1387, Warsa ...
ZETA(ZETA) - 2025 Q4 - Annual Report
2026-02-25 13:00
Data and Technology - Zeta's data set includes over 245 million individuals in the U.S. and more than 535 million globally, with an average of over 2,500 attributes per individual[26]. - The platform ingests more than one trillion content consumption signals per month, synthesizing this data into hundreds of intent-based audiences[27]. - Zeta has over 500 data scientists and engineers dedicated to developing new products and expanding data offerings, enhancing competitive advantages[46]. - The company has a patent portfolio of over 150 patents, including approximately 39 granted patents focused on machine learning and AI[77]. - The company collects extensive consumer data, including ad specifications and online behavior, which is critical for enhancing product offerings[138]. - The effectiveness of the platform relies on the ability to collect and use online data, which is threatened by changes in consumer behavior and regulatory restrictions[123]. - The company utilizes third-party open source software, which may expose it to liabilities and compromise the proprietary nature of its platform[158]. - The market for AI Technologies is rapidly evolving, and the company cannot guarantee continued growth or market acceptance of its AI products and services[163]. - The company uses AI Technologies licensed from third parties, and any changes in availability or pricing could harm its business[164]. Marketing and Sales - Zeta's AI-powered marketing solutions enable brands to optimize marketing spend, increasing return on investment (ROI) through real-time analytics and recommendations[31]. - The Zeta Marketing Platform (ZMP) consists of three core products: Email Service Provider (ESP), CDP+, and DSP, allowing customers to purchase individually or in combination[33]. - The company aims to further penetrate its existing customer base and increase marketing budget allocation to its platform through cross-selling and new features[44]. - Zeta is focused on acquiring new customers and expanding its sales capacity, leveraging its One Zeta model to accelerate growth[45]. - The company reported that 24% of its revenue for 2025 came from the consumer & retail sector, followed by travel and hospitality (11%), insurance (11%), telecommunications (10%), and financial services (8%)[57]. Financial Performance - For the year ended December 31, 2025, the company generated revenues of $1,000,000 or more from 184 super-scaled customers, representing 87% of total revenue[57]. - The company had a total of 2,651 customers as of December 31, 2025, an increase from 1,793 customers in 2024[57]. - The company’s top ten customers accounted for more than one-third of total revenue in 2025, with one customer exceeding 10% of total revenue[82]. - A significant portion of the company's revenue is derived from usage-based pricing, which is less stable than subscription-based pricing, posing risks to revenue growth if super-scaled customers reduce their usage[83]. - The company anticipates continued seasonal trends, with higher marketing activity in Q4 due to the holiday shopping season, leading to lower performance in Q1[64]. - The company has incurred substantial net operating losses (NOLs), which may be limited in their use if ownership changes occur[180]. Competition and Market Risks - The company faces intense competition characterized by price sensitivity and evolving distribution models, necessitating differentiation through AI-powered marketing solutions[59]. - The company must continuously respond to competitive pressures and technological changes to sustain and grow revenue, as the industry is intensely competitive[94]. - The company is subject to evolving data privacy laws, including the California Consumer Privacy Act (CCPA) and the General Data Protection Regulation (GDPR), impacting its data collection practices[67]. - The company may face increased scrutiny and regulatory actions in the technology industry, which could negatively impact operations and financial results[120]. Cybersecurity and Compliance - The company faces numerous cybersecurity risks, including potential data breaches that could adversely affect its business and financial performance[139]. - Employee-related cybersecurity risks are heightened due to remote and hybrid working arrangements, increasing the likelihood of unauthorized access to sensitive information[140]. - The company has implemented a cybersecurity risk management program based on frameworks such as NIST CSF and ISO 27001, assessed annually by third-party auditors[205]. - The company may incur significant costs related to cybersecurity breaches, including operational disruptions that could lead to decreased revenue[141]. - The company is subject to various consumer protection laws, including the Telephone Consumer Protection Act (TCPA), which could expose it to significant liabilities[127]. Legal and Regulatory Matters - The company is involved in various legal proceedings but does not currently face any litigation that could materially adversely affect its business or financial condition[217]. - A class action lawsuit was filed against the Company and its CEO and CFO in the U.S. District Court for the Southern District of New York on November 22, 2024[218]. - The lawsuit alleges false and misleading statements about the Company's business and operations between February 27, 2024, and March 10, 2025[218]. - The Company believes the claims made in the lawsuit are without merit and is vigorously defending itself[218]. Human Resources and Management - The company employs approximately 3,300 employees as of December 31, 2025, with around 2,000 located outside the U.S.[71]. - The company aims to enhance its total rewards programs, including flexible work schedules and 401(k) matching, to attract and retain talent[75]. - Retaining key management and hiring skilled employees is critical for the company's success, with intense competition for talent in the industry[105]. Financial Obligations and Capital Structure - The company has $200.0 million outstanding under its Senior Secured Credit Facility with Bank of America, secured by substantially all assets[172]. - Interest rates have fluctuated significantly, with the Federal Reserve raising rates in 2022 and 2023, which could adversely impact the company's financial condition[170]. - The company may need additional capital in the future to meet financial obligations and pursue business objectives, which may not be available on favorable terms[171]. - The company is subject to operating and financial covenants that may restrict its business and financing activities, potentially affecting its ability to pursue growth strategies[174]. Intellectual Property - Protecting intellectual property rights is challenging, and failure to do so could erode the company's competitive advantage[150]. - The company may face difficulties in enforcing its intellectual property rights in foreign countries, potentially leading to competitive disadvantages[151]. - The company relies on a combination of trade secrets, non-disclosure agreements, and intellectual property laws to protect its proprietary technology, but enforcement can be difficult and costly[153]. - Patent protection for the company's technology may not be obtained quickly enough to meet business needs, and the patent prosecution process is complex and expensive[154]. Operational Challenges - The company is subject to various environmental, social, and governance (ESG) matters, which may entail costs and reputational risks[117]. - The company is currently assessing the impact of the OBBBA on its financial condition and operations[179]. - The company has established internal controls over financial reporting but acknowledges that these controls may not prevent all errors or fraud, leading to potential material misstatements[192][193].
APi (APG) - 2025 Q4 - Annual Results
2026-02-25 12:41
Exhibit 99.1 APi Group Reports Record Fourth Quarter and Full Year 2025 Financial Results -Record fourth quarter net revenues of $2.1 billion, representing year-over-year growth of 14% and year-over-year organic growth of 11%- -Record fourth quarter reported net income of $97 million, representing year-over-year growth of 45%- -Record fourth quarter adjusted EBITDA of $295 million, representing year-over-year growth of 22% and adjusted EBITDA margin expansion of 90 basis points to 13.9%- -Record full year a ...