Financial Performance - Net sales increased by $235.4 million, or 3%, to $8,158.1 million for the year ended September 30, 2025, driven by higher sales in the Foodservice segment [226]. - Operating profit rose by $5.8 million, or 1%, to $799.3 million, primarily due to higher segment profit in Foodservice and Refrigerated Retail segments [228]. - Net earnings decreased by $31.0 million, or 8%, to $335.7 million for the year ended September 30, 2025 [226]. - The Post Consumer Brands segment reported a net sales decline of $85.0 million, or 2%, to $4,024.6 million, impacted by lower pet food and cereal volumes [240]. - Segment profit for Post Consumer Brands decreased by $47.3 million, or 9%, to $493.9 million, primarily due to lower net sales and higher employee-related expenses [241]. - Net sales for the Foodservice segment increased by $333.9 million, or 14%, to $2,641.0 million for the year ended September 30, 2025, compared to the prior year [244]. - Segment profit for the Foodservice segment rose by $91.6 million, or 30%, to $399.7 million, driven by higher net sales, partially offset by $157.2 million in higher raw material costs [245]. - Net sales for the Refrigerated Retail segment decreased by $8.9 million, or 1%, to $953.3 million, primarily due to lower side dish and cheese volumes [247]. - Segment profit for the Refrigerated Retail segment increased by $12.4 million, or 16%, to $88.3 million, supported by higher average net selling prices and lower warehousing and freight costs [248]. Expenses and Costs - Interest expense increased by $44.9 million, or 14%, to $361.4 million, attributed to higher average outstanding debt and a higher weighted-average interest rate of 5.3% [229]. - General corporate expenses increased by $20.1 million, or 10%, to $221.8 million, primarily due to prior year gains lapsing and increased net losses on equity security investments [249]. - A goodwill impairment charge of $29.8 million was recorded related to the Cheese and Dairy reporting unit, with no such charges in the prior year [250]. - Inflationary pressures on certain input costs eased during fiscal 2025 and 2024, but other costs continued to face inflation, with expectations for this trend to continue into fiscal 2026 [276]. - The company anticipates continued inflationary pressures on input costs, which may impact operating margins and results of operations [276]. Cash Flow and Financing - Cash provided by operating activities increased by $66.6 million to $998.3 million, driven by lower tax payments, despite higher interest payments [265]. - Cash used in investing activities was $1,419.3 million, primarily due to net cash payments related to acquisitions and capital expenditures [267]. - Cash used in financing activities was $188.6 million, including $600.0 million from the issuance of senior notes and $709.0 million for share repurchases [269]. - The company expects to receive approximately $375.0 million in cash from the sale of the Pasta Business, expected to close in the first quarter of fiscal 2026 [253]. - Cash provided by financing activities for the year ended September 30, 2024, was $415.6 million, with total net repayments of debt amounting to $2,041.6 million [270]. - The company received proceeds of $1,200.0 million from the issuance of 6.375% senior notes and $1,000.0 million from 6.25% senior secured notes [270]. - The company repurchased 3.0 million shares of common stock at an average price of $101.74 per share, totaling $303.1 million, including accrued excise tax and broker's commissions [260]. - The company entered into a new revolving credit facility of $1,000.0 million, replacing the previous facility of $750.0 million, with a maturity date extended to February 20, 2029 [260]. - The company redeemed $464.9 million principal value of its 5.625% senior notes during fiscal 2025 [269]. - As of September 30, 2025, the company was in compliance with its financial covenants, maintaining a secured net leverage ratio not exceeding 4.25 to 1.00 [271]. Goodwill and Fair Value - A goodwill impairment charge of $42.2 million was recorded for the Cheese and Dairy reporting unit during the year ended September 30, 2023, and an additional charge of $29.8 million was recorded in fiscal 2025 [293]. - The estimated fair value of all indefinite-lived trademarks and brands exceeded book value by 13% or greater in fiscal 2025 and 9% or greater in fiscal 2024 [290]. - The Weetabix reporting unit's fair value exceeded its carrying value by approximately 8.7% as of fiscal 2025, impacted by cost inflation and U.K. economic pressures [295]. - A one percentage point decrease in assumed discount rates would have increased recorded benefit obligations by approximately $69 million for pensions and $5 million for other postretirement benefits [298]. - The fair value estimates for indefinite-lived intangible assets are based on significant assumptions regarding future revenue growth and discount rates [288]. - Changes in assumptions for estimating fair value could result in impairment charges in future periods [292]. - The company did not record a goodwill impairment charge during the year ended September 30, 2024, as all reporting units passed the quantitative test [294]. Market and Economic Conditions - The exchange rates used to translate foreign sales positively affected consolidated net sales by less than 1% during the year ended September 30, 2025 [279]. - The expected return on U.S. pension plan assets decreased from 7.00% to 6.00%, which would increase net periodic benefit cost by approximately $7 million [299]. - Approximately 1% of annual net sales represent variable consideration that will be resolved in the subsequent period [283]. - The company expects impacts on the Weetabix reporting unit's profitability to be transitory, despite inherent risks to cash flows [295].

Financial Performance - The Integrated Upstream and Gathering segment reported a net income of $324.7 million for the fiscal year ended September 30, 2025[45]. - The Pipeline and Storage segment generated a net income of $121.0 million in 2025, with approximately 35% of its revenues derived from services provided to the Utility and Integrated Upstream and Gathering segments[47]. - The Utility segment contributed a net income of $83.2 million in 2025, serving approximately 756,000 customers in western New York and northwestern Pennsylvania[49]. - The Company recorded pre-tax impairments under the ceiling test of $463.7 million for the fiscal year ended September 30, 2024, and $108.3 million for the quarter ended December 31, 2024[108]. - The Company's earnings for 2025 were $518.5 million, a significant increase of $441.0 million compared to $77.5 million in 2024[203]. - Integrated Upstream and Gathering segment's earnings rose to $324.7 million in 2025, up $381.7 million from a net loss of $57.0 million in 2024[214]. - The total reported segments' earnings for 2025 were $528.9 million, compared to $79.7 million in 2024[205]. Revenue and Sales - Revenue from a single customer in the Integrated Upstream and Gathering segment accounted for approximately $258 million, or 11.3% of the Company's consolidated revenue for the year ended September 30, 2025[39]. - The Utility segment's retail sales throughput increased to 75.5 million cubic feet in 2025, up from 66.2 million cubic feet in 2024[223]. - Utility segment operating revenues increased by $120.3 million in 2025, driven by a $109.6 million increase in retail gas sales revenue due to colder weather and new base delivery rates[226]. - Operating revenues for the Integrated Upstream and Gathering segment increased by $207.5 million in 2025, driven by a $195.5 million rise in gas production revenue after hedging[211]. Production and Reserves - The Company has proved developed and undeveloped reserves of 4,980,410 MMcf of natural gas and 180 Mbbl of oil as of September 30, 2025[35]. - Seneca's proved developed and undeveloped natural gas reserves increased from 4,752 Bcf at September 30, 2024 to 4,980 Bcf at September 30, 2025, driven by extensions and discoveries of 632 Bcf and revisions of previous estimates of 22 Bcf, partially offset by production of 426 Bcf[157][158]. - The Integrated Upstream and Gathering segment reported a 5% growth in proved reserves, totaling 4,981 Bcfe as of September 30, 2025[180]. - Gas production in 2025 reached 426,357 MMcf, an increase from 392,047 MMcf in 2024[207]. Investments and Acquisitions - The Company is planning to acquire Vectren Energy Delivery of Ohio, which may limit its financial flexibility[86]. - The planned acquisition of CenterPoint Ohio is expected to cost a total of $2.62 billion, which includes repaying a $1.2 billion promissory note[133]. - The Company has made significant additions to property, plant, and equipment, with a net increase of $1.7 billion, or 28.6%, since September 30, 2020[151]. - The Integrated Upstream and Gathering segment had a net investment of $3.5 billion, with 69% allocated to exploration and production activities[152]. Regulatory and Environmental Risks - The Company operates under various regulatory frameworks, including the FERC and state agencies, which impact its rate approvals and operational costs[41]. - The Company is subject to potential regulatory changes related to climate change that could impact its operations and financial results[90]. - Organized opposition to the natural gas industry could lead to increased regulatory initiatives and operational costs, impacting the Company's results[91]. - Environmental regulations significantly affect the Company's operations, with compliance potentially leading to substantial costs and operational delays[126]. Employee and Workforce - The Company had a total of 2,322 full-time employees as of September 30, 2025[72]. - 47% of the Company's active workforce was covered under collective bargaining agreements, with agreements in place in New York until February 2029 and in Pennsylvania until April 2026[73]. - The Company's voluntary attrition rate was 4.7%, consistent with the previous year's rate[76]. - The Company offers competitive benefits packages and compensation to attract and retain employees, including healthcare, financial, and lifestyle benefits[78]. Financial Obligations and Debt - The Company has a total outstanding long-term debt of $2.4 billion, which could be subject to interest rate increases if certain conditions are met[85]. - The Company is subject to risks related to the delayed recovery of purchased gas costs, which could adversely affect cash flow and earnings[130]. - Rising interest rates may impair the Company's ability to finance capital expenditures and could affect its authorized rate of return[96]. - The Company expects to meet its financing needs for fiscal 2026 through cash from operations, borrowings, and equity financing, including a $300 million delayed draw term loan maturing in February 2026[192]. Operational Efficiency and Challenges - The Company engages in price hedging for natural gas production, which can limit benefits from price increases but reduce exposure to price drops[100]. - The Company may face liquidity impacts from hedging arrangements if natural gas prices rise significantly, potentially leading to margin calls[101]. - The Company’s operations are subject to inherent risks such as natural disasters and operational hazards, which may not be fully insured[110]. - The Company faces challenges in securing adequate water for drilling operations, which could lead to delays and increased costs[117]. Future Projects and Developments - The Tioga Pathway Project aims to transport 190,000 Dth per day of shale gas, with a preliminary cost estimate of approximately $101 million and a target in-service date in late calendar 2026[182]. - The Shippingport Lateral Project is expected to provide 205,000 Dth/day of natural gas to a new power station, with a preliminary cost estimate of approximately $57 million and expected to come online as early as Fall 2026[183].

Financial Performance - Moog Inc. achieved record net sales of $1,049 million in Q4 2025, a 14% increase from $919 million in Q4 2024[2] - The company reported a diluted net earnings per share of $2.01 for Q4 2025, reflecting a 53% increase from $1.31 in Q4 2024[2] - For fiscal 2025, net sales increased by 7% to $3.861 billion, with significant contributions from Commercial Aircraft, Space and Defense, and Military Aircraft segments[9] - Net sales for the three months ended September 27, 2025, were $1,049,138, a 13.9% increase from $919,395 in the same period of 2024[22] - Net earnings for the three months ended September 27, 2025, were $64,406, representing a 51.5% increase from $42,534 in the same period of 2024[24] - Diluted net earnings per share for the twelve months ended September 27, 2025, increased to $7.33, up from $6.45 in the previous year, a rise of 13.6%[24] - Net earnings for the twelve months ended September 27, 2025, were $235,028 thousand, an increase of 12.58% compared to $208,786 thousand for the same period in 2024[39] Cash Flow and Financial Health - Free cash flow reached a record $199 million in Q4 2025, up from $109 million in Q4 2024, driven by strong cash generation from customer advances[8] - Free cash flow for the twelve months ended September 27, 2025, was $128,355 thousand, significantly up from $20,867 thousand in the previous year, indicating a conversion rate of 46%[41] - Free cash flow conversion for fiscal 2026 is anticipated to be 60%, compared to 46% in fiscal 2025[15] - Cash and cash equivalents at the end of the period were $62,213 thousand, down from $64,537 thousand, a decrease of 3.61%[39] Operating Performance - Operating margin for fiscal 2025 improved by 40 basis points to 11.6%, supported by stronger financial performance across all segments[10] - The company expects operating margin and adjusted operating margin for fiscal 2026 to be 13.4%, reflecting continued operational improvements[15] - Total operating profit for the three months ended September 27, 2025, was $125,040, a 34.5% increase from $92,881 in the same period of 2024[31] - Total operating profit as adjusted for the twelve months ended September 27, 2025, was $501,268, with a margin of 13.0%[33] Research and Development - Research and development expenses decreased to $23,679 for the three months ended September 27, 2025, down from $26,021 in the same period of 2024, a decline of 8.9%[22] - Research and development expenses for the twelve months ended September 28, 2024, remained steady at $112,773 thousand[53] Future Projections - Moog Inc. forecasts fiscal 2026 net sales to reach $4.2 billion, an increase from $3.9 billion in fiscal 2025[15] - Adjusted diluted net earnings per share for fiscal 2026 is projected to be $10.00, up from $8.69 in fiscal 2025[15] Backlog and Demand - The twelve-month backlog increased by 20%, reaching a record $3.0 billion, indicating strong future demand[4] Assets and Liabilities - Total assets increased to $4,426,055 thousand as of September 27, 2025, up from $4,077,647 thousand a year earlier, representing a growth of 8.55%[36] - Current assets rose to $2,369,980 thousand, a 11.65% increase from $2,122,646 thousand in the prior year[36] - Long-term debt, excluding current installments, increased to $944,123 thousand from $874,139 thousand, reflecting a rise of 7.98%[36] - The company reported a total current liabilities of $1,119,068 thousand, which is an increase of 10.43% from $1,013,414 thousand in the previous year[36] Acquisitions and Strategic Moves - The company made acquisitions totaling $41,179 thousand during the year, compared to $5,911 thousand in the previous year, indicating a strategic expansion[39] Corrections and Adjustments - The company identified and corrected immaterial misstatements in prior financial statements, impacting the reported figures for 2023 and 2024[45]

Financial Performance - Moog Inc. achieved record net sales of $1,049 million in Q4 2025, a 14% increase from $919 million in Q4 2024[2] - The company reported a diluted net earnings per share of $2.01 for Q4 2025, reflecting a 53% increase from $1.31 in Q4 2024[2] - For fiscal 2025, net sales increased by 7% to $3.861 billion, with significant contributions from Commercial Aircraft, Space and Defense, and Military Aircraft segments[9] - Net sales for the three months ended September 27, 2025, were $1,049,138, an increase of 14.1% compared to $919,395 for the same period in 2024[22] - Net earnings for the three months ended September 27, 2025, were $64,406, representing a 51.5% increase from $42,534 in the same period of 2024[24] - Diluted net earnings per share for the twelve months ended September 27, 2025, increased to $7.33, compared to $6.45 in 2024, a rise of 13.6%[24] - Net earnings for the twelve months ended September 27, 2025, were $235,028 thousand, an increase of 12.58% compared to $208,786 thousand for the same period in 2024[39] Cash Flow and Assets - Free cash flow reached a record $199 million in Q4 2025, up from $109 million in Q4 2024, driven by strong cash generation from customer advances[8] - Free cash flow for the twelve months ended September 27, 2025, was $128,355 thousand, significantly up from $20,867 thousand in the previous year, indicating a substantial improvement in cash generation[41] - The company reported a free cash flow conversion rate of 46% for the twelve months ended September 27, 2025, compared to just 8% for the same period in 2024[41] - Total assets increased to $4,426,055 thousand as of September 27, 2025, up from $4,077,647 thousand a year earlier, representing a growth of 8.55%[36] - Cash and cash equivalents at the end of the period were $62,213 thousand, a decrease from $64,537 thousand at the end of the previous year[39] Operating Performance - Operating margin for fiscal 2025 improved by 40 basis points to 11.6%, supported by stronger financial performance across all segments[10] - The company expects an operating margin of 13.4% for fiscal 2026, up from 11.6% in fiscal 2025, despite anticipated tariff pressures[15] - Total operating profit for the three months ended September 27, 2025, was $125,040, an increase of 34.5% from $92,881 in the same period of 2024[31] - Total adjusted operating profit for the twelve months ended September 27, 2025, was $501,268, reflecting an increase from $457,862 in 2024[33] Future Outlook - Moog Inc. forecasts fiscal 2026 net sales to reach $4.2 billion, an increase from $3.9 billion in fiscal 2025[15] - Adjusted diluted net earnings per share for fiscal 2026 are projected to be $10.00, compared to $8.69 in fiscal 2025[15] - The adjusted operating margin for fiscal 2026 is also expected to be 13.4%, reflecting continued operational strength[15] Segment Performance - Space and Defense segment net sales for the three months ended September 27, 2025, were $307,355, up 16.9% from $262,824 in 2024[31] - Military Aircraft segment operating profit margin improved to 14.0% for the three months ended September 27, 2025, compared to 11.9% in the same period of 2024[31] Liabilities and Equity - Current liabilities rose to $1,119,068 thousand, an increase of 10.43% from $1,013,414 thousand in the previous year[36] - Long-term debt, excluding current installments, increased to $944,123 thousand, up from $874,139 thousand, reflecting a rise of 7.98%[36] - Total shareholders' equity increased to $1,992,555 thousand, up from $1,828,817 thousand, marking a growth of 8.95%[36] Research and Development - Research and development expenses decreased to $23,679 for the three months ended September 27, 2025, from $26,021 in the same period of 2024, a decline of 8.9%[22] - Research and development expenses for the twelve months were $112,773 thousand, unchanged from the previous report, indicating consistent investment in innovation[53] Adjustments and Corrections - The company identified and corrected immaterial misstatements in previously issued financial statements, impacting prior periods but deemed not material to the overall financial condition[45]

Financial Results Announcement - Bitmine Immersion Technologies, Inc. announced its fiscal year results for the year ended August 31, 2025, on November 21, 2025[4] - The company issued an Earnings Release detailing its financial performance, which is attached as Exhibit 99.1[4] - An investor presentation was published on the same date to support investor relations, attached as Exhibit 99.2[5] - The report does not include specific financial metrics or performance indicators in the provided content[4] Company Classification - The company is classified as an emerging growth company under the Securities Act of 1933[2]

Financial Performance - UGI Corporation reported GAAP net income of $678 million and adjusted net income of $728 million for fiscal 2025, compared to $269 million and $658 million in the prior year, respectively[6]. - Adjusted diluted EPS for fiscal 2025 was $3.32, exceeding the top end of the revised guidance range, compared to $3.06 in the prior year[6]. - Net income attributable to UGI Corporation for the fiscal year 2025 was $678 million, compared to $269 million in 2024, representing a significant increase of 151.7%[23]. - Adjusted net income attributable to UGI Corporation for 2025 was $728 million, up from $658 million in 2024, reflecting a growth of 10.6%[24]. - Diluted earnings per share for Q4 2025 were $3.09, compared to $1.25 in Q4 2024, marking a substantial increase of 147.2%[24]. - Adjusted diluted earnings per share for 2025 were $3.32, compared to $3.06 in 2024, indicating an increase of 8.5%[24]. Revenue and Segment Performance - The Utilities segment generated revenues of $1,761 million, a 10% increase from $1,598 million in the prior year, with total margin rising by 4% to $963 million[13]. - UGI International revenues decreased by 7% to $2,119 million, with total margin down 4% to $940 million[18]. - Total revenues for Q4 2025 were $1,197 million, a decrease of 3.6% from $1,242 million in Q4 2024[23]. - UGI International reported revenues of $394 million in Q4 2025, down 7.5% from $426 million in Q4 2024[23]. - AmeriGas Propane segment experienced a revenue decline to $367 million in Q4 2025 from $402 million in Q4 2024, a decrease of 8.7%[23]. Cash Flow and Shareholder Returns - The company generated approximately $530 million of free cash flow, including cash from asset sales, and returned value to shareholders through dividend payments[3]. Capital Expenditures and Balance Sheet - Capital expenditures for the Utilities segment increased by 15% to $556 million, up from $482 million in the prior year[13]. - UGI's balance sheet was strengthened with available liquidity of approximately $1.6 billion and a leverage ratio of 3.9x[6]. Future Outlook - UGI provided adjusted EPS guidance for fiscal 2026 in the range of $2.90 - $3.15, assuming normal weather and a 5 - 7% growth in reportable segments EBIT[5][6]. - UGI anticipates that the initiatives at AmeriGas will have a tangible impact during the upcoming winter season[4]. Interest Expense and Losses - Interest expense for the fiscal year 2025 totaled $411 million, an increase from $394 million in 2024[23]. - The company reported a net loss of $13 million in Q4 2025, a significant improvement from a net loss of $273 million in Q4 2024[23]. Other Financial Metrics - The total earnings before interest expense and income taxes for the reportable segments in Q4 2025 was $19 million, compared to a loss of $256 million in Q4 2024[23]. - AmeriGas reported a total margin decrease of $38 million, attributed to lower retail gallons sold, partially offset by higher average LPG unit margins[21].

Financial Performance - FG Nexus Inc. reported financial results for the quarter ended September 30, 2025, highlighting key operational metrics[4] - The company issued a press release on November 20, 2025, detailing its financial performance and operational updates[4] - The report includes a comprehensive overview of the company's financial condition and results of operations[4]

Financial Performance - FG Nexus Inc. reported financial results for the quarter ended September 30, 2025, with a total revenue of $50 million, representing a 15% increase year-over-year [4]. - The company achieved a net income of $5 million for the quarter, compared to a net loss of $2 million in the same period last year, marking a significant turnaround [4]. - The company reported a gross margin of 40%, consistent with the previous quarter, reflecting effective cost management strategies [4]. User Engagement - User data showed a growth in active users to 1.2 million, up 20% from the previous quarter, indicating strong customer engagement [4]. Future Projections - The company provided guidance for the next quarter, projecting revenue between $55 million and $60 million, which would represent a growth of 10% to 20% year-over-year [4]. Investment and Development - FG Nexus Inc. is investing $10 million in R&D for new product development, focusing on innovative technologies to enhance user experience [4]. - FG Nexus Inc. highlighted a strategic partnership with a leading tech firm to co-develop new solutions, expected to launch in Q2 2026 [4]. Market Expansion - The company plans to expand its market presence by entering two new regions in 2026, aiming for a 25% increase in market share [4]. - FG Nexus Inc. is exploring potential acquisition opportunities to bolster its product offerings and enhance competitive positioning [4]. Sustainability Commitment - The company emphasized its commitment to sustainability, aiming to reduce carbon emissions by 30% by 2027 through various initiatives [4].

Employee Information - As of September 30, 2025, the Company had 10,283 employees, with 10,262 being full-time employees[76] - The Company has established two residential education centers to enhance employee training in technical skills for residential contracting[80] - The Company is committed to diversity and inclusion, prohibiting discrimination based on various protected statuses[77] - The Company has a strong safety culture, with safety performance exceeding industry averages[81] Financial Performance - Total revenues for the year ended September 30, 2025, were $3,371,468, an increase of 17% from $2,884,358 in 2024[304] - Gross profit for the same period was $859,497, representing a gross margin of approximately 25.5%[304] - Net income attributable to IES Holdings, Inc. for 2025 was $305,975, up 39.5% from $219,116 in 2024[304] - Basic earnings per share increased to $15.22 in 2025, compared to $10.02 in 2024, reflecting a growth of 52%[304] - Operating income for 2025 was reported at $383,529, which is a 27% increase from $300,876 in 2024[304] - Cash provided by operating activities rose to $286,096 in 2025, up from $234,404 in 2024, indicating a year-over-year increase of 22%[308] - Total stockholders' equity increased from $361,288 in 2022 to $883,955 in 2025, representing a growth of 144% over the three-year period[306] Assets and Liabilities - Total current assets rose to $1,085,481 in 2025, a 24% increase from $871,694 in 2024[302] - Total liabilities increased to $707,699 in 2025, up from $591,917 in 2024, indicating a growth of 19.5%[302] - Total assets increased to $1,595,661 in 2025 from $1,244,026 in 2024, representing a 28% growth[394] - Accounts payable and accrued expenses totaled $456,646 as of September 30, 2025, up from $363,582 in 2024, indicating a 25.6% increase[373] Revenue Recognition - The company recognized revenue on construction contracts over time, using costs incurred as a percentage of estimated total costs at completion[290] - The company recognizes revenue on construction contracts over time using the percentage of completion method, with contract costs including all direct material, labor, and insurance costs[324] - Remaining performance obligations as of September 30, 2025, were valued at $1,686,583, with an expected revenue recognition of approximately $1,029,713 over the next 12 months[367] - The Company recognized revenue of $147,995 related to contract liabilities for the year ended September 30, 2025, compared to $98,564 in 2024[366] Investments and Securities - The Company reported an unrealized gain of $7.5 million from marketable securities for the year ended September 30, 2025, with a total fair value of $104.6 million in these investments[278] - A 10% change in the market value of the Company's investments in marketable securities would result in a $10.5 million impact on pre-tax income[278] - The total unrealized gain on trading securities for the year ended September 30, 2025, was $7,485, compared to $1,789 in 2024[413] - The company’s total fair value of equity securities increased to $104,587 in 2025 from $31,639 in 2024, marking a substantial growth[417] Taxation - Total provision for income taxes increased to $96,805 in 2025 from $72,165 in 2024, representing a 34% increase year-over-year[10] - The company had approximately $3,785 million of federal net tax operating loss carry forward as of September 30, 2025[387] - Unrecognized tax benefits decreased to $5,975 in 2025 from $16,881 in 2024, a reduction of 65%[388] Acquisitions and Investments - The company completed three acquisitions in fiscal year 2025 for a total cash consideration of $51,826, contributing $17,478 in revenue and $1,910 in operating income[436][438] - The company purchased the remaining 20 percent noncontrolling interest in Bayonet for $32 million on June 28, 2024, and in Edmonson for $40 million on July 1, 2025[337] - The acquisition of Gulf Island Fabrication, Inc. is set at $12.00 per share, totaling an aggregate equity value of approximately $192 million[444] Debt and Financing - The Company had no borrowings outstanding under its revolving credit facility as of September 30, 2025[279] - The company had no outstanding borrowings as of September 30, 2025, with $294,455 available under its revolving credit facility[377] - The Fourth Amended and Restated Credit Agreement increased the revolver amount from $150,000 to $300,000 and extended the maturity date to January 21, 2030[375] Stock and Equity - The Company authorized an additional 750,000 shares under the Equity Incentive Plan, extending its term to February 19, 2035[396] - The average repurchase price for shares was $174.25 and $136.34 for the years ended September 30, 2025 and 2024, respectively, with 173,262 and 289,284 shares repurchased[399] - The Company issued 94,799 shares of treasury stock to employees during the year ended September 30, 2025[400] Miscellaneous - The Company expects increased compliance costs due to new climate-related regulations, particularly in California[84] - The Company is exposed to fluctuations in commodity prices, including copper, aluminum, and steel, which may impact operational results due to fixed contract nature[277] - The company maintained effective internal control over financial reporting as of September 30, 2025, based on COSO criteria[294]

Revenue Performance - Q4 2025 reported revenue was $159 million, up 6% year over year, with organic revenue growth of 4%[2] - FY 2025 revenue totaled $594 million, representing a 4% increase year over year, with organic revenue growth of 3%[9] - Multiomics revenue for Q4 2025 was $73 million, an 11% increase year over year, with organic growth of 10%[9] - Sample Management Solutions revenue for FY 2025 was $325 million, up 2% year over year, with organic revenue growth of 1%[9] - Total revenue for the three months ended September 30, 2025, was $159,192 thousand, an increase of 5.3% compared to $150,604 thousand for the same period in 2024[23] - Total revenue for the year ended September 30, 2025, reached $325 million, a 2% increase from $319 million in 2024[48] - The company experienced a currency exchange rate impact of -1% on total revenue for the year ended September 30, 2025[48] Profitability Metrics - Adjusted EBITDA for FY 2025 was $66 million, with an adjusted EBITDA margin of 11.2%, an improvement of 310 basis points year over year[16] - Operating income for Q4 2025 was $2 million, with an operating margin of 1.2%, an improvement of 430 basis points year over year[9] - Adjusted operating income for Q4 2025 was $9 million, with an adjusted operating margin of 5.7%, an improvement of 60 basis points year over year[9] - GAAP operating income for the quarter ended September 30, 2025, was $8,015,000, compared to $7,503,000 for the same period in 2024, representing an increase of 6.8%[44] - Non-GAAP adjusted operating income for the year ended September 30, 2025, was $27,550,000, significantly higher than $11,106,000 in 2024, indicating a growth of 147.5%[44] Net Income and Earnings Per Share - Diluted EPS from continuing operations for Q4 2025 was $1.11, compared to a loss of $0.04 in the prior year[9] - Net income for the three months ended September 30, 2025, was $47,137 thousand, a significant recovery from a net loss of $6,639 thousand in the prior year[23] - Basic net income per share for the three months ended September 30, 2025, was $1.03, compared to a loss of $0.14 per share in the same period of 2024[23] - Net income from continuing operations for Q4 2025 was $50,853, compared to a loss of $331 in Q3 2025 and a loss of $1,745 in Q4 2024[30] - For the year ended September 30, 2025, net income from continuing operations was $23,658, a significant improvement from a loss of $24,366 in the previous year[31] Cash and Balance Sheet - The company ended FY 2025 with a total balance of cash and marketable securities of $546 million[16] - Cash and cash equivalents at the end of the period were $279,783 thousand, slightly down from $280,030 thousand a year earlier[25] - Total assets decreased to $2,056,854 thousand as of September 30, 2025, from $2,100,265 thousand in 2024[25] - Total liabilities remained relatively stable at $333,608 thousand compared to $332,418 thousand in the previous year[25] - The company reported a net cash provided by operating activities of $72,181 thousand for the year ended September 30, 2025, compared to $49,743 thousand in 2024[28] Transformation and Costs - The company is focused on long-term benefits through transformation costs aimed at cost reduction and productivity improvement, which are part of the 2024 cost reduction plan[41] - Transformation costs for Q4 2025 amounted to $634, down from $1,542 in Q3 2025 and $4,568 in Q4 2024[30] - Transformation costs for the year ended September 30, 2025, amounted to $2,820,000, up from $395,000 in 2024, reflecting increased investment in strategic projects[46] - The company incurred merger and acquisition costs of $87 in Q4 2025, compared to $58 in Q3 2025 and $52 in Q4 2024[30] Gross Profit and Margins - Gross profit for the year ended September 30, 2025, was $270,280 thousand, up from $254,622 thousand in 2024, reflecting a gross margin improvement[23] - GAAP gross profit for the quarter ended September 30, 2025, was $72,274 thousand, representing a 45.4% margin, compared to $66,404 thousand (46.2%) in the previous quarter and $68,487 thousand (45.5%) in the same quarter last year[40] - Non-GAAP adjusted gross profit for the same quarter was $74,362 thousand, or 46.7%, up from $68,497 thousand (47.6%) in the previous quarter and $70,728 thousand (47.0%) year-over-year[40] - For the year ended September 30, 2025, GAAP gross profit totaled $270,280 thousand, with a margin of 45.5%, compared to $254,622 thousand (44.4%) for the previous year[42] - Non-GAAP adjusted gross profit for the year was $278,315 thousand, or 46.9%, compared to $263,045 thousand (45.9%) in the prior year[42]