Financial Performance - Net income for Q4 2025 was $139.9 million, an increase of 7.6% from $130.1 million in Q4 2024, with diluted earnings per share rising to $1.49 from $1.37[4][11] - For the year ended December 31, 2025, net income was $542.8 million, a 13.2% increase from $479.4 million in 2024, with diluted earnings per share rising to $5.72 from $5.05[6][20] - Net income for the three months ended December 31, 2025, was $139,907,000, an increase from $137,556,000 in the previous quarter[72] - Net income excluding merger-related provisions and expenses for Q4 2025 was $137,312 million, slightly down from $137,605 million in Q3 2025[104] - The company’s net income for the year-to-date period reached $542,843 million, compared to $479,386 million for the same period last year, indicating a growth of 13.2%[104] Deposits and Loans - Total deposits increased by $700.4 million during Q4 2025, representing a 10.1% annualized growth rate[6][26] - Total deposits increased to $28,482,484 thousand at the end of December 2025, up from $27,782,094 thousand at the end of September 2025[67] - Total loans held for investment amounted to $20,486,415 thousand as of December 31, 2025, a decrease from $20,738,294 thousand on September 30, 2025[67] - The loan to deposit ratio decreased to 76.6% from 79.3% in the previous quarter, indicating a tighter lending environment[93] - Loans held for investment amounted to $20,603,235,000 for the three months ended December 31, 2025, with an interest yield of 5.83%[79] Mergers and Acquisitions - The company completed the merger with American Bank Holding Corporation on January 1, 2026, enhancing its market presence[4][5] - Prosperity Bancshares announced the acquisition of Stellar Bancorp, which will elevate its deposit rank in Houston from 9th to 5th, making it the largest Texas-based bank in the market[6][9] - Prosperity Bancshares signed a definitive merger agreement with Stellar Bancorp, Inc., which reported total assets of $10.807 billion as of December 31, 2025[34] - Prosperity Bancshares also announced a merger agreement with Southwest Bancshares, Inc., which had total assets of $2.426 billion as of December 31, 2025[36] - The total consideration for the Stellar acquisition is valued at approximately $2.002 billion, based on a closing price of $72.90 on January 27, 2026[35] Asset Management - As of December 31, 2025, Prosperity Bancshares had total assets of $38.463 billion and operated 301 full-service banking locations[43] - Total assets reached $38,463,425 thousand at the end of December 2025, compared to $38,330,469 thousand at the end of September 2025[67] - The company reported a total of $1,950,000 thousand in other borrowings as of December 31, 2025, down from $2,400,000 thousand on September 30, 2025[67] - Total assets were reported at $37,665,928 thousand in Q4 2025, a decrease from $39,627,399 thousand in Q4 2024[91] - The company maintains goodwill of $3,503,127 thousand as of December 31, 2025, unchanged from previous periods[67] Noninterest Income and Expenses - Noninterest income for Q4 2025 was $42.8 million, up from $39.8 million in Q4 2024, driven by increases in service charges and other noninterest income[6][13] - Noninterest expense decreased to $138.7 million in Q4 2025 from $141.5 million in Q4 2024, primarily due to a reversal of the 2024 FDIC special assessment[6][19] - Total noninterest income increased to $42,780,000 from $41,238,000 in the prior quarter[71] - Total noninterest expense remained stable at $138,712,000 compared to $138,635,000 in the previous quarter[71] - Noninterest income rose to $42,780 from $42,982, a slight decrease of 0.5%[106] Credit Quality - Nonperforming assets were reported at $150.8 million, or 0.46% of quarterly average interest-earning assets, reflecting a slight increase from 0.36% in Q3 2025[6][27] - The allowance for credit losses on loans was $371.4 million, with a ratio of 1.53% of total loans, showing a decrease from 1.59% in Q4 2024[6][29] - Nonperforming assets to average interest-earning assets ratio increased to 0.46% from 0.36% in the previous quarter[101] - Net charge-offs for the year ended December 31, 2025, were $18.1 million, an increase of 23.9% compared to $14.6 million for the year ended December 31, 2024[31] - Nonperforming assets to loans and other real estate ratio rose to 0.69%, up from 0.54% in the prior quarter[101] Shareholder Returns - Prosperity Bancshares declared a cash dividend of $0.60 per share for the first quarter of 2026, payable on April 1, 2026[32] - A stock repurchase program was announced to acquire up to 5% of outstanding common stock, approximately 4.87 million shares, over one year[33] - Cash dividends paid per common share increased to $0.60 from $0.58 in the previous quarter[72] - Tangible book value per share rose to $43.64 in Q4 2025, compared to $43.23 in Q3 2025[105] - Average shareholders' equity increased to $7,668,802 million in Q4 2025 from $7,657,978 million in Q3 2025[105]

Revenue Projections - Halozyme expects total revenue for 2025 to be between $1,385 million and $1,400 million, representing a year-over-year growth of 36% to 38%[1] - Royalty revenue for 2025 is projected to be between $865 million and $870 million, with a year-over-year growth of 51% to 52%[1] - For 2026, total revenue guidance has been raised to between $1,710 million and $1,810 million, indicating a year-over-year growth of 23% to 30%[1] - Royalty revenue for 2026 is expected to be between $1,130 million and $1,170 million, reflecting a growth of 30% to 35% compared to 2025[1] Financial Metrics - Adjusted EBITDA for 2026 is projected to be between $1,125 million and $1,205 million, including a new investment of approximately $60 million[1] - Non-GAAP diluted EPS for 2026 is expected to be between $7.75 and $8.25[1] Acquisitions and Collaborations - The company acquired Surf Bio for an upfront payment of $300 million, with potential milestone payments of up to $100 million, totaling up to $400 million[5] - The acquisition of Surf Bio enhances Halozyme's drug delivery portfolio with innovative hyperconcentration technology, enabling high concentrations of therapeutics[6] - In 2025, Halozyme signed three new ENHANZE collaboration agreements and advanced its strategic growth roadmap with acquisitions[4] - By the end of 2026, Halozyme anticipates having 15 partner programs in development and signing three or more new drug delivery licensing agreements[5] - The company is focusing on expanded collaborations and potential approvals of new partnered or proprietary products[21] Risks and Uncertainties - There are uncertainties regarding future market conditions and competitive environments that could impact actual results[21] - The expected benefits from acquisitions of Elektrofi and Surf Bio are under evaluation[21] - The company acknowledges potential risks related to patent terms for drug delivery technologies[21] - There may be unexpected levels of revenues, expenditures, and costs affecting business growth[21] - Delays in the development, regulatory review, or commercialization of products could occur[21] - Regulatory approval requirements are a significant factor in the company's future outlook[21] - The company does not undertake any duty to update forward-looking statements after the release date[21]

Financial Performance - Total operating revenues for Q4 2025 reached $33,466 million, a 3.6% increase from Q4 2024's $32,298 million[1] - Net income attributable to AT&T for Q4 2025 was $3,788 million, down 7.2% from $4,080 million in Q4 2024[1] - Operating income for the year ended 2025 was $24,162 million, a significant increase of 26.8% compared to $19,049 million in 2024[1] - Total operating revenues for the year ended 2025 reached $4,379 million, a 3.5% increase from $4,232 million in 2024[16] - Total operating income for AT&T Inc. in 2025 was $24,162 million, compared to $19,049 million in 2024[18] Cash and Assets - Cash and cash equivalents increased to $18,234 million by the end of 2025, up from $3,298 million at the end of 2024[2] - Total assets grew to $420,198 million in 2025, compared to $394,795 million in 2024, reflecting a 6.4% increase[2] Capital Expenditures and Debt - Total capital expenditures for the year ended 2025 were $20,842 million, a 2.9% increase from $20,263 million in 2024[5] - The debt ratio increased to 51.4% in 2025, up from 50.7% in 2024, indicating a rise in leverage[5] Employment and Workforce - The total number of employees decreased to 133,030 in 2025, down 5.6% from 140,990 in 2024[5] Operating Activities - The company reported a net cash provided by operating activities of $40,284 million for the year ended 2025, compared to $38,771 million in 2024[4] Segment Performance - Mobility segment operating revenues increased by 5.3% to $24,354 million in Q4 2025, compared to $23,129 million in Q4 2024[7] - Total segment operating revenues for the year ended 2025 reached $120,896 million, a 2.8% increase from $117,652 million in 2024[7] - Operating income for the Mobility segment rose by 4.5% to $6,400 million in Q4 2025, up from $6,124 million in Q4 2024[9] - Business Wireline segment operating revenues decreased by 7.5% to $4,202 million in Q4 2025, compared to $4,545 million in Q4 2024[12] - Consumer Wireline segment operating revenues increased by 2.9% to $3,565 million in Q4 2025, compared to $3,465 million in Q4 2024[14] - Total operating income for the Consumer Wireline segment surged by 94.9% to $538 million in Q4 2025, compared to $276 million in Q4 2024[14] - Mobility segment revenues for the year reached $89,482 million, with an operating income of $27,196 million[18] - Corporate and Other segment reported an operating loss of $2,559 million for the year ended 2025[18] Subscriber Metrics - Mobility total subscribers reached 120,105 thousand, a 1.9% increase from 117,851 thousand in 2024[9] - Postpaid churn rate increased to 1.12% in Q4 2025 from 1.00% in Q4 2024[9] - Fiber broadband connections grew by 11.5% to 10,406 thousand in 2025, compared to 9,331 thousand in 2024[14] - Broadband net additions for the Consumer Wireline segment increased by 70.7% to 210 thousand in Q4 2025, compared to 123 thousand in Q4 2024[14] - Total Mexico wireless subscribers grew by 4.7% to 24,680 thousand as of December 31, 2025, up from 23,576 thousand in 2024[16] - Postpaid subscribers in Mexico increased by 15.7% to 6,751 thousand, while prepaid subscribers rose by 1.4% to 17,730 thousand[16] - The company reported a significant increase in net additions for postpaid subscribers, with 914 thousand added in 2025, a 52.1% increase from 601 thousand in 2024[16] Operating Expenses - Operating expenses for the year ended 2025 totaled $4,234 million, a slight increase of 1.0% from $4,192 million in 2024[16] Dividends - The company declared dividends of $0.2775 per common share, consistent with the previous year[5]

Financial Performance - Fourth quarter 2025 income from continuing operations was $1.33 per share, up from $0.76 per share in Q4 2024; adjusted income was $1.73 per share, compared to $1.34 per share in Q4 2024[2][3] - Full year 2025 revenue reached $14.8 billion, an 8% increase from 2024; segment profit for the year was $1.4 billion, up 14% from the prior year[3][8] - Net income for the twelve months ended January 3, 2026, was $921 million, compared to $824 million for the twelve months ended December 28, 2024, reflecting an increase of 11.8%[26] - Diluted earnings per share from continuing operations increased to $5.12 for the twelve months ended January 3, 2026, compared to $4.34 for the same period in 2024, a rise of 18%[27] - Income from continuing operations for Q4 2026 was $236 million, up from $141 million in Q4 2024, representing a 67.4% increase[41] - Adjusted income from continuing operations for Q4 2026 was $307 million, compared to $248 million in Q4 2024, reflecting a 23.7% growth[41] Revenue Growth - Textron Aviation revenues were $1.7 billion in Q4 2025, a 36% increase from Q4 2024, driven by higher aircraft and aftermarket parts revenues[9][10] - Bell's revenues increased by 11% to $1.3 billion in Q4 2025, primarily due to higher military revenues from the MV-75 program[11][13] - Textron is forecasting 2026 revenues of approximately $15.5 billion, an increase from $14.8 billion in 2025; expected GAAP earnings per share for 2026 is projected to be between $5.39 and $5.59[6] Cash Flow and Liquidity - Net cash provided by operating activities for the manufacturing group was $1.3 billion for the full year, with manufacturing cash flow before pension contributions totaling $969 million, up from $692 million in 2024[5][7] - Cash and equivalents at the end of the period on January 3, 2026, were $1,940 million, up from $1,386 million on December 28, 2024, indicating a growth of 40%[30] - Net cash from operating activities for the three months ended January 3, 2026, was $698 million, an increase of 56% from $447 million for the same period in 2024[32] - Total cash flows from continuing operations for Q4 2026 were $502 million, compared to $111 million in Q4 2024, showing a significant increase[41] - Cash and equivalents at the end of Q4 2026 were $2,025 million, up from $1,441 million at the end of Q4 2024, representing a 40.5% increase[41] Segment Performance - Textron Systems revenues were $323 million in Q4 2025, a 4% increase from the previous year, with a backlog of $3.3 billion[14] - Industrial segment revenues were $821 million, down 5.5% from Q4 2024, largely due to the divestiture of the Powersports business[15][16] - Textron eAviation segment revenues were $7 million in Q4 2025, down from $11 million in Q4 2024, with a segment loss of $15 million[17] - Segment profit for Textron Aviation was $208 million for the three months ended January 3, 2026, up from $100 million in the same period of 2024, representing a 108% increase[26] - The company reported a segment profit of $380 million for the three months ended January 3, 2026, compared to $283 million for the same period in 2024, reflecting a 34.3% increase[26] Capital Expenditures - Capital expenditures for the three months ended January 3, 2026, were $173 million, compared to $153 million for the same period in 2024, showing an increase of 13.1%[32] - Capital expenditures for Q4 2026 were $173 million, compared to $153 million in Q4 2024, reflecting a 13.1% increase[46] Other Financial Metrics - Total assets increased to $18,129 million as of January 3, 2026, compared to $16,838 million as of December 28, 2024, marking a growth of 7.7%[30] - The company recorded a LIFO inventory provision of $64 million for Q4 2026, compared to $61 million in Q4 2024, indicating a 4.9% increase[41] - The company reported a net cash used in business acquisitions of $1 million in Q4 2026, compared to $13 million in Q4 2024[46]

GE Vernova reports fourth quarter and full year 2025 financial results; increasing outlook with Prolec GE acquisition Strong performance with significant orders and backlog growth, margin expansion, and cash generation Fourth Quarter 2025 Highlights: Full Year 2025 Highlights: CAMBRIDGE, Mass., (January 28, 2026) – GE Vernova Inc. (NYSE: GEV), a unique industry leader enabling customers to accelerate the energy transition, today reported financial results for the fourth quarter and full year ending December ...

Financial Performance - Full year 2025 net sales reached $14.4 billion with flat organic growth[2] - Fourth quarter 2025 net sales of $3.8 billion increased 3% year-over-year, driven primarily by Service sales[5] - Service net sales increased 8% in Q4 2025, with organic sales growth of 5%[10] - Adjusted operating profit for 2025 was $2.4 billion, up $78 million year-over-year[8] - Operating cash flow for 2025 was $1.6 billion, reflecting a slight increase from the previous year[17] - Adjusted operating profit for the year ended December 31, 2025 was $2,434 million, up from $2,356 million in 2024, reflecting a year-over-year increase of 3%[31] - Adjusted diluted earnings per share for the year ended December 31, 2025 was $4.05, compared to $3.83 in 2024, marking a 5.7% increase[31] - Basic earnings per share (EPS) for Q4 2025 was $0.96, up from $0.85 in Q4 2024, indicating a growth of 12.9%[28] - GAAP EPS for 2025 decreased 14% to $3.50, while adjusted EPS increased 6% to $4.05[9] Sales and Orders - Modernization orders grew 43% in Q4 2025, with backlogs up 30%[3] - The service segment saw a 6% increase in net sales for the year, totaling $9,442 million compared to $8,894 million in 2024[30] - New equipment backlog increased by 6% at actual currency, while the impact of foreign exchange reduced this growth to 2% at constant currency[34] - Modernization backlog increased by 34% at actual currency, with a constant currency increase of 30% after accounting for foreign exchange impacts[35] Cash Flow and Liquidity - Free cash flow for the year ended December 31, 2025, was $1,444 million, slightly up from $1,437 million in 2024, indicating a growth of 0.5%[41] - Free cash flow is emphasized as a key measure of liquidity, aiding in funding activities such as acquisitions and shareholder distributions[23] - Adjusted free cash flow for 2026 is projected to be between $1.6 to $1.7 billion[20] - Share repurchases totaled approximately $800 million in 2025[4] Expenses and Costs - Total costs and expenses for Q4 2025 were $3,202 million, compared to $3,135 million in Q4 2024, marking an increase of 2.1%[28] - Research and development expenses for the year ended December 31, 2025, were $152 million, consistent with the previous year[28] Assets and Liabilities - Total assets decreased from $11,316 million in 2024 to $10,653 million in 2025, a decline of approximately 5.9%[39] - Total liabilities decreased from $16,044 million in 2024 to $15,924 million in 2025, a reduction of about 0.7%[39] - The company’s total current liabilities remained relatively stable, decreasing slightly from $7,749 million in 2024 to $7,656 million in 2025, a decline of about 1.2%[39] - The company’s goodwill increased from $1,548 million in 2024 to $1,695 million in 2025, reflecting an increase of approximately 9.5%[39] - The company’s total shareholders' equity (deficit) decreased from $(4,785) million in 2024 to $(5,346) million in 2025, a decline of approximately 11.7%[39] Future Outlook - The company plans for 2026 net sales of $15.0 to $15.3 billion, with organic sales expected to grow low to mid-single digits[20] - The company anticipates continued growth in organic sales, adjusted operating profit, and adjusted EPS in the upcoming quarters[24] - Otis is focused on enhancing its operational performance through strategic initiatives and potential acquisitions[25] - The company acknowledges various risks, including economic conditions and geopolitical factors, that may impact future performance[26] Tax and Income - The effective tax rate for the year ended December 31, 2025 was 24.8%, compared to 15.0% in 2024, reflecting an increase due to adjustments[31] - Net income from operations for the year ended December 31, 2025, was $1,455 million, down from $1,734 million in 2024, representing a decrease of about 16.1%[40] - The company paid dividends of $647 million in 2025, compared to $606 million in 2024, marking an increase of about 6.8%[40] Profit Margins - Operating profit for Q4 2025 was $589 million, up from $531 million in Q4 2024, reflecting a 10.9% increase[28] - The total operating profit margin for Q4 2025 was reported at 15.5%, compared to 14.4% in Q4 2024[30] - The service segment's operating profit for the year was $2,374 million, an increase of 8.6% from $2,185 million in 2024[37] - The new equipment segment's operating profit for the year was $240 million, down from $329 million in 2024, a decrease of 27%[37]

Financial Performance - 4Q 2025 operating revenue was $49.3 billion, a 10% increase from the prior year, while FY 2025 revenue reached $197.6 billion, up 13%[6] - 4Q 2025 diluted EPS was $2.47, with adjusted diluted EPS at $3.33; FY 2025 diluted EPS was $25.21, and adjusted diluted EPS was $30.29[6] - Projected FY 2026 GAAP diluted EPS is expected to be at least $22.30, with adjusted diluted EPS projected to be at least $25.50[6] - Total operating revenue rose by 9.6% to $49,311 million for Q4 2025, with a total of $197,584 million for the full year, reflecting a 12.8% increase[39] - Adjusted Operating Gain for 2025 was $7.5 billion, with a guidance of at least $6.8 billion for 2026[61] - GAAP Diluted EPS for 2025 was $25.21, with a forecast of at least $22.30 for 2026[61] Segment Performance - Operating revenue for the Health Benefits segment was $41.8 billion in 4Q 2025, an 11% increase year-over-year, and $167.1 billion for FY 2025, also an 11% increase[17] - Carelon's operating revenue was $18.7 billion in 4Q 2025, a 27% increase compared to the prior year, and $71.7 billion for FY 2025, a 33% increase[24] - Operating revenue for the CarelonRx segment increased by 16.7% to $11,644 million in Q4 2025, with a full-year revenue of $43,400 million, up 20.7%[45] - Total Health Benefits Operating Revenue for the twelve months ended December 31, 2025, was $167,094 million, reflecting an 11.2% increase from $150,275 million in 2024[49] Membership and Enrollment - Medical membership totaled approximately 45.2 million as of December 31, 2025, a decrease of 0.5 million, or 1%, year-over-year[18] - Total medical membership decreased by 1.1% year-over-year to 45,232,000 members as of December 31, 2025[37] - Medicare Advantage membership grew by 7.9% year-over-year to 2,230,000 members, while total Medicare membership increased by 5.2% to 3,112,000[37] - Year-End Medical Enrollment for 2025 was 45,232,000, projected to decrease to between 43,175,000 and 43,875,000 for 2026[63] - Commercial Fee-Based enrollment for 2025 was 27,092,000, expected to increase to between 27,200,000 and 27,500,000 for 2026[63] Expenses and Claims - The benefit expense ratio for 4Q 2025 was 93.5%, an increase of 110 basis points year-over-year, while the full year ratio was 90.0%, up 150 basis points[10] - The benefit expense as a percentage of premiums increased to 93.5% in Q4 2025, compared to 92.4% in Q4 2024[39] - The current year medical claims paid as a percentage of current year net incurred medical claims was 89.5% for 2025, up from 88.5% in 2024[51] - The net medical claims payable at the end of 2025 was $16,781 million, up from $15,567 million at the end of 2024[51] Shareholder Returns - The company returned $4.1 billion of capital to shareholders in 2025, including share repurchases and dividends[6] - The company declared a first quarter 2026 dividend of $1.72 per share, payable on March 25, 2026[27] - For the three months ended December 31, 2025, shareholders' net income increased by 30.9% to $547 million compared to $418 million in the same period of 2024[54] - Adjusted shareholders' earnings per diluted share for the three months ended December 31, 2025, increased by 3.1% to $3.33 compared to $3.23 in 2024[54] - Adjusted shareholders' net income for the twelve months ended December 31, 2025, decreased by 11.6% to $6,804 million from $7,694 million in 2024[54] Assets and Cash Flow - Cash and cash equivalents at the end of the period increased to $9,491 million from $8,288 million year-over-year[41] - Total assets grew to $121,494 million as of December 31, 2025, compared to $116,889 million in 2024[41] - Operating Cash Flow for 2025 was $4.3 billion, with a guidance of at least $5.5 billion for 2026[61] Future Outlook - Full Year 2025 Premium Revenue was $164.6 billion, with a projected mid single digit decline for 2026[61] - Total Operating Revenue for 2025 was $197.6 billion, expected to decline in the low single digits for 2026[61] - Benefit Expense Ratio for 2025 was 90.0%, expected to increase to 90.2% +/- 50 bps for 2026[61] - Adjusted Effective Tax Rate for 2025 was 17.6%, projected to rise to between 22.0% and 24.0% for 2026[61]

Revenue Performance - VF Corporation reported a revenue increase of 1% year-over-year, with adjusted revenue growth of 4% excluding Dickies®[4] - The Americas region showed a 2% revenue increase year-over-year, with a 6% increase on a constant dollar basis when excluding Dickies®[7] - Global direct-to-consumer (DTC) sales turned positive, growing by 4% year-over-year, driven by digital performance[7] - Revenues for the three months ended December 2025 were $2,875.8 million, with a gross profit of $1,628.3 million, representing a gross margin of 56.6%[27] - For the nine months ended December 2025, revenues totaled $7,439.2 million, with a gross profit of $4,039.8 million, yielding a gross margin of 54.3%[27] - Total revenues for the Outdoor segment were reported at $1,926.0 million for the three months ended December 2025, with a segment profit of $407.7 million[40] - Total revenues for the Active segment were $671.8 million for the same period, with a segment loss of $4.6 million[40] - Total revenues for the nine months ended December 2025 were $7,439.2 million, with a total segment profit of $784.2 million[45] - The Outdoor segment's revenues for the nine months ended December 2025 were $4,401.9 million, with a segment profit of $666.2 million[45] Profitability Metrics - Gross margin improved to 56.6%, up 30 basis points compared to the previous year, while operating margin increased to 10.1%, up 210 basis points year-over-year[4] - Operating income reached $289 million, compared to $226 million in the same quarter last year, reflecting a significant improvement[4] - Operating income for the same period was $289.1 million, equating to an operating margin of 10.1%[27] - The diluted earnings per share from continuing operations for the three months ended December 2025 was $0.58[27] - The diluted earnings per share change from continuing operations was reported at 76% for the three months ended December 2025[40] Strategic Actions and Future Outlook - The company expects Q4'26 revenue to be flat to a 2% increase year-over-year, with adjusted operating income guidance of $10 million to $30 million[8] - VF Corporation is on track to meet its medium-term financial targets and is optimistic about future growth opportunities[2] - The company completed the sale of Dickies® during the quarter, which is reflected in both reported and adjusted financial results[7] Charges and Impairments - The company incurred a non-cash impairment charge of $30.7 million related to the Napapijri reporting unit during the three and nine months ended December 2025[28] - A pension settlement charge of $34.0 million was recorded during the same periods, resulting from lump-sum payments due to the termination of the U.S. qualified plan[29] - Transaction and deal-related activities included costs of $8.2 million for the three months and $10.2 million for the nine months ended December 2025, associated with the divestiture of Dickies[30] - The divestiture of Dickies resulted in a pre-tax gain on sale of $139.1 million recorded in the other income (expense), net line item for the three and nine months ended December 2025[30] - Total restructuring charges related to the Reinvent program amounted to $207.7 million, with most actions completed by the end of the first quarter of Fiscal 2026[29] - The company expects to complete the pension settlement by the end of Fiscal 2026, with a net tax benefit of $9.4 million from the impairment and pension settlement charge[29] - Costs related to the Reinvent transformation program amounted to $47.3 million and $106.4 million for the three and nine months ended December 2024, respectively[35] - A non-cash impairment charge of $51.0 million was recognized for the Dickies trademark during the same period, resulting in a net tax benefit of $10.5 million[35] - The adjusted contribution from Dickies resulted in a net tax expense of $1.1 million and $4.1 million for the three and nine months ended December 2024, respectively[36]

Financial Performance - ASML reported total net sales of €32.7 billion and net income of €9.6 billion for the year 2025[1][25]. - In Q4 2025, total net sales reached €9.7 billion, with a gross margin of 52.2% and net income of €2.8 billion[5][6]. - For FY 2025, total net sales were €32.7 billion, with a gross margin of 52.8% and net income of €9.6 billion, resulting in earnings per share of €24.73[33]. - Q4 2025 net revenue reached €9.7 billion, with full-year revenue at €32.7 billion, a 16% increase from 2024[66]. - Net income for Q4 was €2.8 billion, with full-year net income at €9.6 billion[66]. - The company reported a significant increase in revenue, achieving a total of $6 billion, representing a year-over-year growth of 20%[101]. Future Outlook - For Q1 2026, ASML expects total net sales between €8.2 billion and €8.9 billion, with a gross margin between 51% and 53%[9]. - The company anticipates total net sales for 2026 to be between €34 billion and €39 billion, maintaining a gross margin of 51% to 53%[6][9]. - The outlook for Q1 2026 anticipates total net sales between €8.2 billion and €8.9 billion, with a gross margin between 51% and 53%[51]. - Full-year 2026 total net revenue is projected to be between €34 billion and €39 billion, maintaining a gross margin of 51% to 53%[69]. - Long-term revenue expectations for 2030 are between €44 billion and €60 billion, with a gross margin between 56% and 60%[77]. - The company provided an optimistic outlook for the next quarter, projecting revenue growth of 25% and aiming for $7.5 billion in total revenue[101]. Shareholder Returns - ASML announced a new share buyback program of up to €12 billion to be executed by December 31, 2028[6][12]. - The company plans to declare a total dividend of €7.50 per ordinary share for 2025, a 17% increase compared to 2024[10]. - The company plans to return €8.5 billion to shareholders through dividends and share buybacks in 2025[33]. - The total dividend for 2025 is projected to be €7.50 per ordinary share, reflecting a 17% increase over 2024[76]. Market Demand and Trends - The company noted a positive medium-term market outlook driven by robust AI-related demand, reflected in increased capacity plans from customers[7][8]. - The semiconductor industry is projected to exceed $1 trillion in revenue by 2030, driven by AI adoption across various applications[28]. - AI applications are driving demand for advanced technology in DRAM and Logic, confirming previous forecasts[77]. - The market outlook has improved, particularly for AI applications, leading to increased capacity planning among customers[70]. Investments and Innovations - The company invested €1.3 billion in Mistral AI to accelerate AI-driven innovation in lithography and operations[33]. - ASML is focusing on strengthening engineering and innovation by streamlining its Technology and IT organizations[14]. - The qualification of the EXE:5200B tool is progressing well, with Intel accepting their first unit for high volume manufacturing[74]. - ASML anticipates continued growth in Low NA EUV utilization and litho-intensity as technology costs decrease[77]. - The company is investing heavily in R&D, allocating $500 million for the development of new technologies and innovations in the upcoming fiscal year[101]. Operational Metrics - Installed Base Management sales increased by 26% to €8.2 billion due to higher service and upgrade business[32]. - Installed Base revenue for Q4 was €2.1 billion, totaling €8.2 billion for the full year, driven by strong service revenue from EUV systems[66]. - EUV revenue is expected to significantly increase in 2026, while non-EUV system business is anticipated to remain flat[71]. - The Installed Base business is expected to grow in 2026, driven by demand for upgrades and increased output capacity[73]. - Inspection and metrology products have seen nearly 30% growth this year, indicating high demand and customer satisfaction[74]. Financial Position - Total assets increased to €50,566.6 million by December 31, 2025, up from €48,589.6 million in December 2024, reflecting a growth of approximately 4%[97]. - Cash and cash equivalents rose to €12,916.0 million in December 2025, compared to €12,735.9 million in December 2024, indicating a slight increase of about 1.4%[97]. - Current liabilities increased significantly to €24,263.9 million by December 31, 2025, from €20,051.4 million in December 2024, representing a rise of approximately 21%[97]. - Total shareholders' equity reached €19,612.2 million in December 2025, up from €18,476.8 million in December 2024, marking an increase of about 6.2%[97]. - Long-term debt remained stable at €2,709.0 million in December 2025, compared to €3,677.3 million in December 2024, showing a decrease of approximately 26.4%[97]. Cash Flow and Expenses - Cash flows from operating activities for the quarter ended December 31, 2025, amounted to €11,410.3 million, a significant increase from €9,544.8 million in the same quarter of the previous year[99]. - Cash flows from investing activities resulted in a net outflow of €1,006.3 million for the quarter ended December 31, 2025, compared to an outflow of €1,232.9 million in the previous year[99]. - Cash flows from financing activities showed a net outflow of €2,613.3 million for the quarter ended December 31, 2025, compared to an outflow of €567.4 million in the same quarter of the previous year[99]. - The company paid dividends totaling €619.2 million for the quarter ended December 31, 2025, consistent with the previous quarter's payment of €619.6 million[99]. - Depreciation and amortization expenses for the quarter ended December 31, 2025, were €255.2 million, slightly lower than €241.0 million reported in the same quarter of the previous year[99].

Sound Financial Bancorp, Inc. Q4 2025 Results Seattle, WA, January 27, 2026 — Sound Financial Bancorp, Inc. (the "Company") (Nasdaq: SFBC), the holding company for Sound Community Bank (the "Bank"), today reported net income of $2.2 million for the quarter ended December 31, 2025, or $0.87 diluted earnings per share, compared to net income of $1.7 million, or $0.66 diluted earnings per share, for the quarter ended September 30, 2025, and $1.9 million, or $0.74 diluted earnings per share, for the quarter end ...