Clearway Energy(CWEN_A) - 2025 Q4 - Annual Results
2026-02-23 21:20
Overview of Financial and Operating Results Segment Results Table 1: Net Income/(Loss) | ($ millions) | Three Months Ended | | | Twelve Months Ended | | | | --- | --- | --- | --- | --- | --- | --- | | Segment | 12/31/25 | 12/31/24 | 12/31/25 | | 12/31/24 | | | Flexible Generation | 10 | 14 | | 40 | | 64 | | Renewables & Storage | (84) | (29) | | (60) | | 31 | | Corporate | (125) | (33) | | (211) | | (158) | | Net Income/(Loss) | $ (199) $ | (48) | $ | (231) $ | | (63) | Clearway Energy, Inc. Reports Full Ye ...
Erie Indemnity(ERIE) - 2025 Q4 - Annual Results
2026-02-23 21:20
Erie Indemnity Company Exhibit 99.2 Erie Indemnity Company Consolidated Statements of Operations (dollars in thousands, except per share data) | | | | Three months ended December | | | | Twelve months ended | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | 31, | | | December 31, | | | | | | 2025 | (Unaudited) | 2024 | | 2025 | | 2024 | | Operating revenue | | | | | | | | | | Management fee revenue - policy issuance and renewal | | | | | | | | | | services | $ | 727,629 | $ | 698,340 | $ | ...
Ambac(AMBC) - 2025 Q4 - Annual Results
2026-02-23 21:19
Exhibit 99.1 • Total P&C premium production increased 15% for the quarter to $303 million • Insurance Distribution Segment ◦ Commission Income grew to $37 million, an increase of 13% ◦ Organic revenue growth equaled 8.1% ◦ Net loss to Shareholders of $(1) million for the quarter, an improvement of 76% ◦ Adjusted EBITDA to Shareholders of $7 million for the quarter, up 33% • Specialty P&C Insurance ("Everspan") ◦ Gross and net premiums written of $80 million and $23 million were up 34% and 978%, respectively ...
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]