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ITTI(TDS) - 2025 Q4 - Annual Results
2026-02-20 12:38
TDS Telecom increases its long-term marketable fiber service goal to 2.1 million addresses TDS Telecom and Array provide 2026 guidance CHICAGO (February 20, 2026) — Telephone and Data Systems, Inc. (NYSE:TDS) reported results for the fourth quarter and full year 2025. "2025 was a year of significant transformation for TDS," said Walter Carlson, President and CEO. "We completed the largest transaction in our history with the sale of our wireless business, launched a new tower company now operating as Array, ...
U.S. Cellular(USM) - 2025 Q4 - Annual Results
2026-02-20 12:35
Exhibit 99.1 As previously announced, Array will hold a teleconference on February 20, 2026, at 9:00 a.m. CST. Listen to the call live via the Events & Presentations page of investors.arrayinc.com. Array reports fourth quarter and full year 2025 results Array issues 2026 guidance CHICAGO (February 20, 2026) — Array Digital Infrastructure, Inc. (NYSE:AD) reported fourth quarter and full year 2025 operating results. SM "After a transformative 2025, Array enters 2026 with strong momentum," said Anthony Carlson ...
Cogent(CCOI) - 2025 Q4 - Annual Results
2026-02-20 12:20
FOR IMMEDIATE RELEASE Cogent Contacts: For Public Relations: For Investor Relations: Jocelyn Johnson John Chang + 1 (202) 295-4299 + 1 (202) 295-4212 jajohnson@cogentco.com investor.relations@cogentco.com Cogent Communications Reports Fourth Quarter 2025 and Full Year 2025 Results Financial and Business Highlights [WASHINGTON, D.C. February 20, 2026] Cogent Communications Holdings, Inc. (NASDAQ: CCOI) ("Cogent") today announced service revenue of $240.5 million for the three months ended December 31, 2025, ...
Kenvue (KVUE) - 2025 Q4 - Annual Report
2026-02-20 12:13
Company Transformation and Growth - The company has significantly transformed since the separation from J&J, focusing on modernizing systems and enhancing commercial capabilities to drive sustainable and profitable growth [22]. - The company completed its IPO in May 2023, trading on the NYSE under the ticker symbol "KVUE," marking its transition to a fully independent public company [24]. - The company operates a global portfolio of iconic brands, prioritizing targeted operations to deliver sustainable and profitable growth [26]. - The company has established a sustainability strategy, the Healthy Lives Mission, which includes public targets to manage impacts and risks while driving innovation and growth [48]. Manufacturing and Supply Chain - Approximately 60% of the company's sales volume during fiscal year 2025 was delivered through in-house manufacturing, enhancing operational flexibility [40]. - The company maintains a diverse supplier base for raw materials, with no single supplier providing a significant portion of total material requirements, mitigating supply chain risks [39]. - The company's distribution network is designed to respond to complex consumer demands, leveraging partnerships with third-party operators for efficiency [41]. Innovation and Employee Engagement - The company has a global team of approximately 1,600 scientists and professionals dedicated to product development and innovation, ensuring a continuous pipeline of meaningful innovations [34]. - The company emphasizes innovation to meet evolving consumer needs and aims to create an inclusive environment that reflects the diversity of its global consumer base [53]. - Talent practices focus on transparency, empowerment, and accountability to drive superior performance and engagement among employees [54]. - The company invests in learning and development to ensure employees' skills remain relevant in a rapidly evolving marketplace [55]. - Engagement surveys are regularly conducted to gauge employee sentiment on strategic alignment, execution, and career development [56]. - The company supports communities through strategic investments and its global employee volunteer program, Kenvue Cares [57]. - Total rewards programs are designed to attract and retain top talent, aligning compensation with company and individual performance [58]. - Competitive benefits packages vary by country and region, supporting the physical, emotional, and financial well-being of employees [59]. Regulatory Compliance - The company is subject to extensive government regulations, which may impact business strategies and operational costs [67]. - The company is subject to various regulations for medical devices, requiring premarket clearance (510(k) clearance) for certain products in the U.S. and compliance with EU Medical Device Regulation [76]. - In China, locally manufactured medical devices gain market authorization through municipal authorities, while imported devices are reviewed by the NMPA [77]. - Dietary supplements marketed in the U.S. are governed by the Dietary Supplement Health and Education Act of 1994, with similar regulations in the EU [78]. - The company must comply with various labeling and product claims laws, ensuring marketing claims are substantiated and not misleading [79]. - The company faces potential investigations and penalties related to compliance with advertising regulations, including the FTC's Endorsement Guides [80]. - The company is subject to extensive environmental, health, and safety regulations, including the EPA and OSHA standards in the U.S. [84][85]. - Privacy and data protection laws, including the EU GDPR and China's PIPL, impose compliance obligations on the company regarding personal data processing [86][87]. Financial Risks - The company is exposed to foreign currency risk, with a hypothetical 10% unfavorable change in exchange rates potentially resulting in a decline in net income of approximately $122 million [442]. - A hypothetical 10% unfavorable change in exchange rates would result in an unrealized loss of approximately $182 million related to forward foreign exchange contracts and cross currency swap contracts [443]. - Inflationary pressures have increased, with higher costs for raw materials, packaging, and supply chain disruptions potentially affecting operations in 2023, 2024, and 2025 [444]. - The company has partially offset inflationary increases through price hikes and supply chain optimization initiatives [444]. - If inflationary pressures or tariffs continue to rise, the company may struggle to manage costs effectively, impacting business and financial condition [445]. - Interest rate risk is managed through a portfolio of variable and fixed-rate debt, with a focus on maintaining a cost-effective mix [446]. - As of December 28, 2025, the company's long-term debt portfolio is primarily fixed-rate, minimizing the impact of market interest rate fluctuations on operations [447]. - New floating rate debt may expose the company to interest rate changes, influenced by various economic factors [448]. - The company is exposed to commodity price risks from various inputs, including resins, silicon, and transportation costs, and employs strategic pricing mechanisms to manage these exposures [449]. - Credit risk is mitigated through diverse customer bases and credit evaluations, although macroeconomic factors may complicate receivable collections [450]. - Nonperformance by counterparties is considered unlikely due to the company's policy of contracting with creditworthy entities [451].
Oil States International(OIS) - 2025 Q4 - Annual Results
2026-02-20 12:01
EXHIBIT 99.1 Oil States Announces Fourth Quarter 2025 Results HOUSTON, February 20, 2026 – Oil States International, Inc. (NYSE: OIS): | | | | | Three Months Ended | | | % Change | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | December 31, | | September 30, | | December 31, | | | | (Unaudited, In Thousands, Except Per Share Amounts) | | 2025 | | 2025 | | 2024 | Sequential | Year-over-Year | | Consolidated results: | | | | | | | | | | Revenues | $ | 178,464 | $ | 165,180 | $ | 164,595 | 8 % ...
Western Union(WU) - 2025 Q4 - Annual Results
2026-02-20 12:00
FOR IMMEDIATE RELEASE Western Union Reports Fourth Quarter and Full Year 2025 Results DENVER, February 20, 2026 – The Western Union Company (the "Company" or "Western Union") (NYSE: WU) today reported fourth quarter and full year 2025 financial results. The Company's fourth-quarter revenue of $1.0 billion decreased 5% on both a reported and an adjusted basis. The change in revenue was largely driven by growth in our Consumer Services and Branded Digital businesses offset by a slowdown in the Americas retail ...
NOW(DNOW) - 2025 Q4 - Annual Results
2026-02-20 11:56
Full-Year 2025 Highlights Fourth Quarter 2025 Highlights DNOW Reports Fourth Quarter and Full-Year 2025 Results HOUSTON, TX, February 20, 2026 – DNOW Inc. (NYSE: DNOW) announced results for the fourth quarter and year ended December 31, 2025. Completed Merger with MRC Global Inc. Exhibit 99.1 Earnings Conference Call February 20, 2026 8:00 a.m. CT 1 (888) 660-6431 (within North America) 1 (929) 203-2118 (outside of North America) Access Code: 7372055 Webcast: ir.dnow.com David Cherechinsky, President and CE ...
BBVA(BBVA) - 2025 Q4 - Annual Report
2026-02-20 11:55
Asset Distribution and Exposure - As of December 31, 2025, the Group's assets were distributed as follows: Spain 53.1%, Mexico 21.2%, and Turkey 10.6%[49] - The Group is exposed to sovereign debt, particularly related to Spain, Mexico, and Turkey, which are critical to its financial stability[49] - The Group's total risk in financial assets in Spain, Mexico, and Turkey amounted to €252.3 billion, €163.1 billion, and €68.3 billion, respectively, as of December 31, 2025, representing 32.5%, 21.0%, and 8.8% of the Group's total risk in financial assets[58] - The Group's gross exposure to loans and advances to customers in Spain, Mexico, and Turkey totaled €261.5 billion, €100.7 billion, and €55.8 billion, respectively, as of December 31, 2025, accounting for 55.3%, 21.3%, and 11.8% of the total amount of loans and advances[58] - The Group's exposure to Spain's public debt portfolio was €58,760 million as of December 31, 2025, representing 6.8% of consolidated total assets[102] - The Group's exposure to Mexico's public debt portfolio was €31,025 million as of December 31, 2025, representing 3.6% of consolidated total assets[102] Financial Performance - Profit attributable to the parent company for the year ended December 31, 2025, was €10,511 million, up from €10,054 million in 2024 and €8,019 million in 2023[168] - In 2025, the profit from the Mexico segment was €5,264 million, accounting for 45% of the total profit attributable to the parent company[168] - The Turkey segment reported a profit of €805 million in 2025, representing 7% of the total profit attributable to the parent company[168] - The South America segment's profit for 2025 was €726 million, maintaining a consistent 6% share of the total profit attributable to the parent company[168] - The Corporate Center reported a loss of €1,086 million in 2025, compared to a loss of €901 million in 2024[168] Regulatory and Compliance Risks - The Group is subject to a complex regulatory framework that could adversely affect its business and financial condition[121] - The Group's regulatory authorities may require an increase in loan loss allowances and asset impairments, adversely affecting its financial condition[125] - Legal and regulatory changes related to ESG factors may result in increased compliance costs and operational risks for the Group and its customers[84] - The Group's compliance with anti-corruption laws and regulations is critical, as violations could result in significant penalties and reputational damage[140] - The Group faces heightened compliance risks in emerging economies due to political instability and corruption, which could adversely affect its operations[75] Economic and Market Risks - The global economic environment is volatile, with U.S. tariffs potentially impacting the Group's financial outlook and operations[50] - The Group's financial results are subject to risks from high interest rates and trade tariffs, which could impact credit demand and increase funding costs[27] - The geopolitical tensions and economic uncertainties in the regions where the Group operates could lead to significant financial and operational risks[52] - The Turkish economy has been classified as hyperinflationary since 2022, affecting the financial reporting of entities in that region[34] - The Group's ability to pay dividends is affected by restrictions on repatriation from subsidiaries in Venezuela, Argentina, and Turkey, which may impact its overall financial health[77] Technological and Competitive Landscape - The Group's ability to manage technological advancements and competition from neobanks is crucial for maintaining its market position[27] - The Group faces increasing competition from non-bank competitors and new business models, which could adversely affect its competitive position[68] - The Group's ability to adapt to technological changes and manage information technology obsolescence is crucial for its future success[71] - The number of digital and mobile phone customers continued to increase in 2025, with approximately 66% of new clients choosing digital channels to start their relationship with BBVA[148] Financial Metrics and Ratios - Total assets as of December 31, 2025, amounted to €894,931 million, up from €803,404 million in 2024, representing an increase of 11.4%[171] - Total liabilities as of December 31, 2025, were €847,034 million, compared to €756,163 million in 2024, indicating a growth of 12%[171] - Total equity as of December 31, 2025, was €47,897 million, slightly increasing from €47,242 million in 2024, reflecting a growth of 1.4%[171] - Loans and advances to customers reached €461,616 million as of December 31, 2025, up from €413,930 million in 2024, indicating a growth of 11.5%[171] - Total net interest income for December 2025 reached €26,280 million, an increase from €25,267 million in December 2024, representing a growth of 4%[170] Customer Deposits and Funding - As of December 31, 2025, customer deposits accounted for 76.3% of the Group's total financial liabilities at amortized cost[98] - Customer deposits at amortized cost in Spain grew by 11.1% to €251,430 million as of December 31, 2025, from €226,391 million in 2024[189] - Customer deposits at amortized cost in Mexico rose by 10.5% to €93,855 million as of December 31, 2025, compared to €84,949 million in 2024[197] - Customer deposits at amortized cost in Turkey increased by 8.4% to €62,984 million as of December 31, 2025, from €58,095 million in 2024[208] Non-Performing Loans and Coverage - The non-performing loan ratio in Spain decreased to 3.0% as of December 31, 2025, down from 3.7% in 2024[191] - The non-performing loan ratio rose to 3.9% as of December 31, 2025, up from 3.1% in 2024, attributed to a rise in non-performing retail loans due to deteriorating credit quality[210] - The non-performing loan coverage ratio decreased to 76% as of December 31, 2025, down from 96% in 2024, due to new Stage 3 entries and lower requirements from the wholesale portfolio[210]
Lamar(LAMR) - 2025 Q4 - Annual Results
2026-02-20 11:54
5321 Corporate Boulevard Baton Rouge, LA 70808 Lamar Advertising Company Announces Fourth Quarter and Year Ended December 31, 2025 Operating Results Three Month Results Twelve Month Results Baton Rouge, LA – February 20, 2026 - Lamar Advertising Company (the "Company" or "Lamar") (Nasdaq: LAMR), a leading owner and operator of outdoor advertising and logo sign displays, announces the Company's operating results for the fourth quarter and year ended December 31, 2025. "We ended 2025 with encouraging sales mo ...
ESAB (ESAB) - 2025 Q4 - Annual Report
2026-02-20 11:43
Market Position and Growth - ESAB Corporation operates in a market expected to reach approximately $45 billion by the end of 2028, with 52% of its 2025 revenues derived from high growth markets[16] - The company completed four acquisitions in the year ended December 31, 2025, and plans to pursue additional acquisitions in the future[17] - The company’s gas control business is well-positioned in attractive markets, including medical and specialty gas control[16] - ESAB's addressable market includes established fabrication technology and gas control equipment products, as well as new products in automation, software, and services[16] - The company has a balanced business mix between high growth and developed markets, which helps mitigate cyclical industrial market exposures[177] Financial Performance - Net sales for the year ended December 31, 2025, increased to $2,842.6 million, representing a growth of 3.7% compared to $2,740.8 million in 2024[201] - The change in net sales included a decrease of $31.4 million from existing businesses, an increase of $115.9 million from acquisitions, and a favorable impact of $17.3 million from foreign currency translation[201] - Core sales, excluding Russia, increased to $2,700.4 million for the year ended December 31, 2025, reflecting a growth of 4.2% compared to $2,591.2 million in 2024[203] - Adjusted EBITDA for the year ended December 31, 2025, was $559.7 million, with an adjusted EBITDA margin of 19.7%[199] - The company reported a net income from continuing operations of $259.1 million for 2025, down from $293.1 million in 2024[199] Operational and Strategic Initiatives - Research and development expenses were $44.0 million for the year ended December 31, 2025, an increase from $39.2 million in 2024 and $38.8 million in 2023[27] - The company emphasizes a "Talent First" strategy focused on employee health, safety, and development to support future growth[42] - The company has incurred and expects to continue incurring expenses related to restructuring activities aimed at facilitating strategic initiatives[72] - The company operates 4 production facilities in the U.S. and 33 facilities in 16 countries, highlighting its global operational footprint[155] Risks and Challenges - The cyclical nature of the welding and cutting industry may adversely affect the company's performance, particularly during periods of economic downturn[52] - The company faces risks related to geopolitical instability, including the impact of the Russian invasion of Ukraine on its operations and supply chain[58] - The company is exposed to risks from international operations, including economic or political instability and compliance with foreign laws[54] - The company faces risks related to cybersecurity incidents that could materially adversely affect its business, financial condition, results of operations, and liquidity[75] - The company is dependent on the availability of raw materials and components, with potential supply chain disruptions impacting its ability to meet customer demand[89] Financial Management and Capital Structure - The company has $1.2 billion of outstanding indebtedness as of December 31, 2025, with an additional capacity to incur $50 million under uncommitted credit lines and access up to $865 million under its revolving credit facility[77] - On April 9, 2024, the company issued $700 million in aggregate principal amount of 6.25% senior notes due 2029, governed by an indenture that includes restrictive covenants[79] - The company may require additional capital for acquisitions and operations, which may not be available on acceptable terms, potentially limiting its growth strategy[71] - The company may face substantial liquidity problems if it cannot generate sufficient cash flows to service its indebtedness, potentially leading to reduced investments or asset disposals[81] Compliance and Regulatory Environment - The company maintains a commitment to environmental, health, and safety management systems certified to ISO 9001, ISO 14001, and ISO 45001 standards[36] - Compliance with United States sanctions and export control regulations is critical, as violations could result in substantial fines and negatively impact business operations[111] - The company is subject to various evolving laws and regulations regarding privacy, data protection, and data security, including the GDPR and CCPA, which impose significant compliance costs[115] - The company faces increasing costs and liabilities related to environmental and health and safety laws, which could materially affect its financial condition and operations[116] Shareholder Returns and Stock Performance - The company declared a quarterly cash dividend of $0.08 per share for Q1 2025 and $0.10 per share for Q2, Q3, and Q4 2025, but future dividends are not guaranteed[133] - The company may issue equity securities in the future, which could dilute existing stockholders' ownership and adversely affect earnings per share[135] - The company's stock price may experience significant volatility due to various factors, including potential sales of common stock by major shareholders[130] Technology and Innovation - The company expects AI investments to support margin expansion through operational efficiencies[180] - Failure to integrate new technologies, such as artificial intelligence and machine learning, could limit growth and adversely affect competitive position and financial condition[107] - The cybersecurity team implements controls aligned with the National Institute of Standards and Technology CyberSecurity Framework to protect information systems[150] Acquisitions and Future Outlook - The company plans to acquire Eddyfi Technologies for approximately $1.45 billion, funded through cash, debt, and $318 million of fully committed equity[71] - Eddyfi's projected annual revenue for 2026 is approximately $270 million, indicating a strong potential return on investment[179]