Boise Cascade(BCC) - 2025 Q4 - Annual Results
2026-02-23 21:18
Boise Cascade Company Exhibit 99.1 1111 West Jefferson Street, Suite 300 Boise, ID 83702 Press Release For Immediate Release: February 23, 2026 Investor Contact Chris Forrey investor@bc.com Media Contact Amy Evans mediarelations@bc.com Boise Cascade Company Reports Fourth Quarter and Full Year 2025 Results BOISE, IDAHO - February 23, 2026 - Boise Cascade Company ("Boise Cascade," the "Company," "we," or "our") (NYSE: BCC) today reported fourth quarter net income of $8.7 million, or $0.24 per share, on sales ...
Wendy’s(WEN) - 2025 Q4 - Annual Report
2026-02-23 21:18
Financial Position - The company's long-term debt, including the current portion, totaled $2,789.2 million as of December 28, 2025[271]. - The company had no outstanding borrowings under its Class A-1 Notes or other lines of credit as of December 28, 2025[271]. - Total assets decreased from $5,034,843 thousand in 2024 to $4,956,561 thousand in 2025, a decline of approximately 1.5%[292]. - Long-term debt increased from $2,662,130 thousand in 2024 to $2,730,502 thousand in 2025, an increase of about 2.6%[292]. - Total stockholders' equity decreased significantly from $259,352 thousand in 2024 to $117,383 thousand in 2025, a decline of about 54.7%[292]. - Total cash, cash equivalents, and restricted cash at the end of the period was $357,672,000, down from $503,608,000 at the end of 2024[302]. - The company had no customers accounting for 10% or more of consolidated revenues in 2025, mitigating concentration risk[361]. Revenue and Income - Revenues for 2025 totaled $2,176,891 thousand, a decrease of 3.1% compared to $2,246,492 thousand in 2024[294]. - Net income for 2025 was $165,075 thousand, down from $194,357 thousand in 2024, representing a decrease of about 15%[294]. - The company reported a basic net income per share of $0.85 for 2025, down from $0.95 in 2024, a decrease of approximately 10.5%[294]. - Comprehensive income for 2025 was $175,860 thousand, compared to $177,979 thousand in 2024, a decrease of approximately 1.2%[297]. - Franchise royalty revenue for 2025 was $504,547, compared to $528,388 in 2024, representing a decline of approximately 4.5%[383]. Expenses and Costs - Operating profit decreased from $371,359 thousand in 2024 to $343,452 thousand in 2025, a decline of approximately 7.5%[294]. - Cash and cash equivalents decreased from $450,512 thousand in 2024 to $300,833 thousand in 2025, a reduction of about 33.3%[292]. - The total lease cost for 2025 was $218,180, an increase from $213,707 in 2024, reflecting a rise of approximately 2.2%[392]. - The accumulated depreciation and amortization expense related to properties for 2025 was $80,061, compared to $75,575 in 2024, indicating an increase of about 5.3%[388]. - The company recognized an impairment of long-lived assets amounting to $12,095,000 in 2025, compared to $9,713,000 in 2024[302]. Cash Flow and Investments - Net cash provided by operating activities was $344,543,000 in 2025, slightly down from $355,307,000 in 2024[302]. - The company reported a net cash used in investing activities of $150,832,000 in 2025, up from $129,305,000 in 2024[302]. - Proceeds from long-term debt amounted to $475,500,000 in 2025, with repayments of long-term debt at $453,993,000[302]. - The company recognized sublease income of $172,742 in 2025, contributing to its overall rental income[401]. Taxation - The total income tax provision for 2025 was $(62,171), compared to $(78,056) in 2024 and $(74,978) in 2023[451]. - The company has net operating loss carryforwards of $901,094, with expiration dates ranging from 2026 to indefinite[453]. - Unrecognized tax benefits as of December 28, 2025, totaled $19,048 thousand, with a potential reduction in income tax expense of $15,048 thousand if resolved favorably[459]. Risk Management - The company is exposed to interest rate increases under certain debt agreements but had no outstanding derivative instruments as of December 28, 2025[270]. - The company employs established policies to manage exposure to interest rate changes, commodity prices, and foreign currency fluctuations[269]. - The company is focused on managing risks associated with digital commerce strategies and cybersecurity incidents[1]. - The company is subject to risks related to labor costs, supply chain interruptions, and compliance with legal and regulatory requirements[1]. Accounting Policies - The company accounts for restaurant acquisitions using the acquisition method, with goodwill recognized as the excess of purchase price over fair values of acquired assets[339]. - The company evaluates long-lived assets for impairment based on future undiscounted net cash flows expected to be generated[325]. - The company uses the right-of-use model for leases, recognizing lease liabilities and ROU assets at lease commencement[353]. - Deferred tax assets are recognized to the extent they are expected to be realized, considering future taxable income and other evidence[337].
Park National (PRK) - 2025 Q4 - Annual Report
2026-02-23 21:18
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 (Mark One) FORM 10-K ☒ 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 1-13006 PARK NATIONAL CORPORATION (Exact name of registrant as specified in its charter) Ohio 31-1179518 (State ...
Trustmark(TRMK) - 2025 Q4 - Annual Report
2026-02-23 21:16
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 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 000-3683 TRUSTMARK CORPORATION (Exact name of Registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) MISSISSIPPI 64-0471500 (IRS Emplo ...
ProAssurance(PRA) - 2025 Q4 - Annual Results
2026-02-23 21:16
NEWS RELEASE For More Information: Heather J. Wietzel • SVP, Investor Relations 800-282-6242 • 205-776-3028 • InvestorRelations@ProAssurance.com ProAssurance Reports Results for Fourth Quarter and Full-Year 2025 BIRMINGHAM, AL – February 23, 2026 – ProAssurance Corporation (NYSE: PRA), an industry-leading specialty insurer with extensive expertise in medical professional liability, today reported net income of $33.4 million, or $0.64 per diluted share, and operating income of $42.4 million, or $0.82 per dil ...
DMC (BOOM) - 2025 Q4 - Annual Report
2026-02-23 21:16
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 AND EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES ACT OF 1934 FOR THE TRANSITION PERIOD FROM ______ TO ______ Commission file number 001-14775 DMC Global Inc. (Exact name of Registrant as Specified in its Charter) (State of Incorporation or Organization) (I.R.S. Employer Identific ...
Apple Hospitality REIT(APLE) - 2025 Q4 - Annual Report
2026-02-23 21:16
Financial Performance - For the year ended December 31, 2025, the Company's ADR was $159.09, a slight decrease of 0.1% from $159.31 in 2024, while occupancy dropped to 74.1% from 75.3%, and RevPAR decreased to $117.95 from $119.92, both reflecting a decline of 1.6%[23] - In 2025, the Company sold seven hotels for a combined gross sales price of approximately $73.3 million, resulting in a gain of approximately $13.1 million[28] - The Company's annualized distribution rate was $0.96 per common share at December 31, 2025, with expected monthly distributions of $0.08 per common share[48] Investments and Acquisitions - The Company acquired two hotels in 2025 for a total of approximately $117.0 million, including a 126-room Homewood Suites in Tampa and a 260-room Motto in Nashville[24] - As of December 31, 2025, the Company had a contract for a potential purchase of a hotel in Anchorage, Alaska, for approximately $65.5 million, with a planned completion in Q4 2027[26] - The Company plans to invest approximately $143.7 million to develop a dual-branded property in Las Vegas, expected to open in Q2 2028, consisting of an AC Hotel and a Residence Inn[27] - The Company invested approximately $88.2 million in capital improvements for its hotels in 2025, with plans to invest $80 million to $90 million in 2026[41] Debt and Financing - As of December 31, 2025, the Company had approximately $1.5 billion in total outstanding debt, with a weighted-average interest rate of approximately 4.70%[44] - The Company's unused borrowing capacity under its Revolving Credit Facility as of December 31, 2025, was $586.9 million, available for acquisitions, renovations, and other corporate purposes[45] - The Company's total debt to total capitalization ratio as of December 31, 2025, was 35.5%, indicating relatively low leverage compared to the real estate industry[45] - Approximately $551.0 million, or 36% of the Company's total debt outstanding, was subject to variable interest rates as of December 31, 2025[245] - The Company has 11 interest rate swap agreements that effectively fix interest payments on approximately $685.0 million of its variable-rate debt[246] - Total debt maturities amount to $1,545,265 million, with the largest maturity in 2030 at $460,016 million[248] - Average interest rates for total debt are projected to decrease from 4.7% in 2026 to 3.7% thereafter[248] - Variable-rate debt maturities total $1,236,000 million, with the highest maturity in 2030 at $385,000 million[248] - Average interest rates for variable-rate debt are expected to rise slightly from 4.9% in 2026 to 5.0% in 2030[248] - Fixed-rate debt maturities total $309,265 million, with the largest maturity in 2029 at $77,294 million[248] - Average interest rates for fixed-rate debt are projected to decrease from 4.0% in 2026 to 3.6% in 2030[248] Operational Overview - The Company operates 217 hotels with a total of 29,583 guest rooms, primarily under Marriott and Hilton brands[34] - Approximately 81% of the Company's hotels operate under variable management fee agreements, which align incentives for hotel managers to maximize performance[36] - The hotel industry is seasonal, with higher occupancy rates and revenues typically occurring in the second and third quarters[61] Corporate Responsibility and Employee Engagement - The Company maintains insurance coverage for general liability, property, and business interruption risks across all its hotels[49] - The Company is committed to enhancing sustainability practices, including energy management programs established in 2018 to minimize environmental impact[54] - The Company employs 64 team members as of December 31, 2025, emphasizing employee health, safety, and well-being as critical to business success[56] Shareholder Actions - The Company repurchased approximately 4.6 million common shares at an average price of $12.55 per share for a total of approximately $58.3 million under its Share Repurchase Program, with $242.5 million remaining available for future repurchases[32] - The Company plans to sell up to $500 million of its common shares under the ATM Program, with approximately $500 million remaining available for issuance as of December 31, 2025[47]
Great Lakes Dredge & Dock (GLDD) - 2025 Q4 - Annual Report
2026-02-23 21:16
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 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 For the transition period from to Commission file number: 001-33225 Great Lakes Dredge & Dock Corporation (Exact name of registrant as specified in its charter) Delaware 20-5336063 (State or oth ...
Addus(ADUS) - 2025 Q4 - Annual Results
2026-02-23 21:16
Exhibit 99.1 Contacts: Brian W. Poff Dru Anderson Executive Vice President, Chief Financial Officer FINN Partners Addus HomeCare Corporation (615) 324-7346 (469) 535-8200 dru.anderson@finnpartners.com investorrelations@addus.com ADDUS HOMECARE ANNOUNCES FOURTH QUARTER AND YEAR END 2025 FINANCIAL RESULTS Frisco, Texas (February 23, 2026) – Addus HomeCare Corporation (NASDAQ: ADUS), a provider of home care services, today announced its financial results for the fourth quarter and year ended December 31, 2025. ...
Oric(ORIC) - 2025 Q4 - Annual Report
2026-02-23 21:15
UNITED STATES SECURITIES AND EXCHANGE COMMISSION 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: 001-39269 ORIC PHARMACEUTICALS, INC. 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 (Exact name of Registrant as specified in its Charter) (State or other jurisdiction of incorporatio ...