Oil States International(OIS) - 2025 Q4 - Annual Results
2026-02-20 12:01
EXHIBIT 99.1 Oil States Announces Fourth Quarter 2025 Results HOUSTON, February 20, 2026 – Oil States International, Inc. (NYSE: OIS): | | | | | Three Months Ended | | | % Change | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | December 31, | | September 30, | | December 31, | | | | (Unaudited, In Thousands, Except Per Share Amounts) | | 2025 | | 2025 | | 2024 | Sequential | Year-over-Year | | Consolidated results: | | | | | | | | | | Revenues | $ | 178,464 | $ | 165,180 | $ | 164,595 | 8 % ...
Western Union(WU) - 2025 Q4 - Annual Results
2026-02-20 12:00
FOR IMMEDIATE RELEASE Western Union Reports Fourth Quarter and Full Year 2025 Results DENVER, February 20, 2026 – The Western Union Company (the "Company" or "Western Union") (NYSE: WU) today reported fourth quarter and full year 2025 financial results. The Company's fourth-quarter revenue of $1.0 billion decreased 5% on both a reported and an adjusted basis. The change in revenue was largely driven by growth in our Consumer Services and Branded Digital businesses offset by a slowdown in the Americas retail ...
NOW(DNOW) - 2025 Q4 - Annual Results
2026-02-20 11:56
Full-Year 2025 Highlights Fourth Quarter 2025 Highlights DNOW Reports Fourth Quarter and Full-Year 2025 Results HOUSTON, TX, February 20, 2026 – DNOW Inc. (NYSE: DNOW) announced results for the fourth quarter and year ended December 31, 2025. Completed Merger with MRC Global Inc. Exhibit 99.1 Earnings Conference Call February 20, 2026 8:00 a.m. CT 1 (888) 660-6431 (within North America) 1 (929) 203-2118 (outside of North America) Access Code: 7372055 Webcast: ir.dnow.com David Cherechinsky, President and CE ...
BBVA(BBVA) - 2025 Q4 - Annual Report
2026-02-20 11:55
Asset Distribution and Exposure - As of December 31, 2025, the Group's assets were distributed as follows: Spain 53.1%, Mexico 21.2%, and Turkey 10.6%[49] - The Group is exposed to sovereign debt, particularly related to Spain, Mexico, and Turkey, which are critical to its financial stability[49] - The Group's total risk in financial assets in Spain, Mexico, and Turkey amounted to €252.3 billion, €163.1 billion, and €68.3 billion, respectively, as of December 31, 2025, representing 32.5%, 21.0%, and 8.8% of the Group's total risk in financial assets[58] - The Group's gross exposure to loans and advances to customers in Spain, Mexico, and Turkey totaled €261.5 billion, €100.7 billion, and €55.8 billion, respectively, as of December 31, 2025, accounting for 55.3%, 21.3%, and 11.8% of the total amount of loans and advances[58] - The Group's exposure to Spain's public debt portfolio was €58,760 million as of December 31, 2025, representing 6.8% of consolidated total assets[102] - The Group's exposure to Mexico's public debt portfolio was €31,025 million as of December 31, 2025, representing 3.6% of consolidated total assets[102] Financial Performance - Profit attributable to the parent company for the year ended December 31, 2025, was €10,511 million, up from €10,054 million in 2024 and €8,019 million in 2023[168] - In 2025, the profit from the Mexico segment was €5,264 million, accounting for 45% of the total profit attributable to the parent company[168] - The Turkey segment reported a profit of €805 million in 2025, representing 7% of the total profit attributable to the parent company[168] - The South America segment's profit for 2025 was €726 million, maintaining a consistent 6% share of the total profit attributable to the parent company[168] - The Corporate Center reported a loss of €1,086 million in 2025, compared to a loss of €901 million in 2024[168] Regulatory and Compliance Risks - The Group is subject to a complex regulatory framework that could adversely affect its business and financial condition[121] - The Group's regulatory authorities may require an increase in loan loss allowances and asset impairments, adversely affecting its financial condition[125] - Legal and regulatory changes related to ESG factors may result in increased compliance costs and operational risks for the Group and its customers[84] - The Group's compliance with anti-corruption laws and regulations is critical, as violations could result in significant penalties and reputational damage[140] - The Group faces heightened compliance risks in emerging economies due to political instability and corruption, which could adversely affect its operations[75] Economic and Market Risks - The global economic environment is volatile, with U.S. tariffs potentially impacting the Group's financial outlook and operations[50] - The Group's financial results are subject to risks from high interest rates and trade tariffs, which could impact credit demand and increase funding costs[27] - The geopolitical tensions and economic uncertainties in the regions where the Group operates could lead to significant financial and operational risks[52] - The Turkish economy has been classified as hyperinflationary since 2022, affecting the financial reporting of entities in that region[34] - The Group's ability to pay dividends is affected by restrictions on repatriation from subsidiaries in Venezuela, Argentina, and Turkey, which may impact its overall financial health[77] Technological and Competitive Landscape - The Group's ability to manage technological advancements and competition from neobanks is crucial for maintaining its market position[27] - The Group faces increasing competition from non-bank competitors and new business models, which could adversely affect its competitive position[68] - The Group's ability to adapt to technological changes and manage information technology obsolescence is crucial for its future success[71] - The number of digital and mobile phone customers continued to increase in 2025, with approximately 66% of new clients choosing digital channels to start their relationship with BBVA[148] Financial Metrics and Ratios - Total assets as of December 31, 2025, amounted to €894,931 million, up from €803,404 million in 2024, representing an increase of 11.4%[171] - Total liabilities as of December 31, 2025, were €847,034 million, compared to €756,163 million in 2024, indicating a growth of 12%[171] - Total equity as of December 31, 2025, was €47,897 million, slightly increasing from €47,242 million in 2024, reflecting a growth of 1.4%[171] - Loans and advances to customers reached €461,616 million as of December 31, 2025, up from €413,930 million in 2024, indicating a growth of 11.5%[171] - Total net interest income for December 2025 reached €26,280 million, an increase from €25,267 million in December 2024, representing a growth of 4%[170] Customer Deposits and Funding - As of December 31, 2025, customer deposits accounted for 76.3% of the Group's total financial liabilities at amortized cost[98] - Customer deposits at amortized cost in Spain grew by 11.1% to €251,430 million as of December 31, 2025, from €226,391 million in 2024[189] - Customer deposits at amortized cost in Mexico rose by 10.5% to €93,855 million as of December 31, 2025, compared to €84,949 million in 2024[197] - Customer deposits at amortized cost in Turkey increased by 8.4% to €62,984 million as of December 31, 2025, from €58,095 million in 2024[208] Non-Performing Loans and Coverage - The non-performing loan ratio in Spain decreased to 3.0% as of December 31, 2025, down from 3.7% in 2024[191] - The non-performing loan ratio rose to 3.9% as of December 31, 2025, up from 3.1% in 2024, attributed to a rise in non-performing retail loans due to deteriorating credit quality[210] - The non-performing loan coverage ratio decreased to 76% as of December 31, 2025, down from 96% in 2024, due to new Stage 3 entries and lower requirements from the wholesale portfolio[210]
Lamar(LAMR) - 2025 Q4 - Annual Results
2026-02-20 11:54
5321 Corporate Boulevard Baton Rouge, LA 70808 Lamar Advertising Company Announces Fourth Quarter and Year Ended December 31, 2025 Operating Results Three Month Results Twelve Month Results Baton Rouge, LA – February 20, 2026 - Lamar Advertising Company (the "Company" or "Lamar") (Nasdaq: LAMR), a leading owner and operator of outdoor advertising and logo sign displays, announces the Company's operating results for the fourth quarter and year ended December 31, 2025. "We ended 2025 with encouraging sales mo ...
ESAB (ESAB) - 2025 Q4 - Annual Report
2026-02-20 11:43
Market Position and Growth - ESAB Corporation operates in a market expected to reach approximately $45 billion by the end of 2028, with 52% of its 2025 revenues derived from high growth markets[16] - The company completed four acquisitions in the year ended December 31, 2025, and plans to pursue additional acquisitions in the future[17] - The company’s gas control business is well-positioned in attractive markets, including medical and specialty gas control[16] - ESAB's addressable market includes established fabrication technology and gas control equipment products, as well as new products in automation, software, and services[16] - The company has a balanced business mix between high growth and developed markets, which helps mitigate cyclical industrial market exposures[177] Financial Performance - Net sales for the year ended December 31, 2025, increased to $2,842.6 million, representing a growth of 3.7% compared to $2,740.8 million in 2024[201] - The change in net sales included a decrease of $31.4 million from existing businesses, an increase of $115.9 million from acquisitions, and a favorable impact of $17.3 million from foreign currency translation[201] - Core sales, excluding Russia, increased to $2,700.4 million for the year ended December 31, 2025, reflecting a growth of 4.2% compared to $2,591.2 million in 2024[203] - Adjusted EBITDA for the year ended December 31, 2025, was $559.7 million, with an adjusted EBITDA margin of 19.7%[199] - The company reported a net income from continuing operations of $259.1 million for 2025, down from $293.1 million in 2024[199] Operational and Strategic Initiatives - Research and development expenses were $44.0 million for the year ended December 31, 2025, an increase from $39.2 million in 2024 and $38.8 million in 2023[27] - The company emphasizes a "Talent First" strategy focused on employee health, safety, and development to support future growth[42] - The company has incurred and expects to continue incurring expenses related to restructuring activities aimed at facilitating strategic initiatives[72] - The company operates 4 production facilities in the U.S. and 33 facilities in 16 countries, highlighting its global operational footprint[155] Risks and Challenges - The cyclical nature of the welding and cutting industry may adversely affect the company's performance, particularly during periods of economic downturn[52] - The company faces risks related to geopolitical instability, including the impact of the Russian invasion of Ukraine on its operations and supply chain[58] - The company is exposed to risks from international operations, including economic or political instability and compliance with foreign laws[54] - The company faces risks related to cybersecurity incidents that could materially adversely affect its business, financial condition, results of operations, and liquidity[75] - The company is dependent on the availability of raw materials and components, with potential supply chain disruptions impacting its ability to meet customer demand[89] Financial Management and Capital Structure - The company has $1.2 billion of outstanding indebtedness as of December 31, 2025, with an additional capacity to incur $50 million under uncommitted credit lines and access up to $865 million under its revolving credit facility[77] - On April 9, 2024, the company issued $700 million in aggregate principal amount of 6.25% senior notes due 2029, governed by an indenture that includes restrictive covenants[79] - The company may require additional capital for acquisitions and operations, which may not be available on acceptable terms, potentially limiting its growth strategy[71] - The company may face substantial liquidity problems if it cannot generate sufficient cash flows to service its indebtedness, potentially leading to reduced investments or asset disposals[81] Compliance and Regulatory Environment - The company maintains a commitment to environmental, health, and safety management systems certified to ISO 9001, ISO 14001, and ISO 45001 standards[36] - Compliance with United States sanctions and export control regulations is critical, as violations could result in substantial fines and negatively impact business operations[111] - The company is subject to various evolving laws and regulations regarding privacy, data protection, and data security, including the GDPR and CCPA, which impose significant compliance costs[115] - The company faces increasing costs and liabilities related to environmental and health and safety laws, which could materially affect its financial condition and operations[116] Shareholder Returns and Stock Performance - The company declared a quarterly cash dividend of $0.08 per share for Q1 2025 and $0.10 per share for Q2, Q3, and Q4 2025, but future dividends are not guaranteed[133] - The company may issue equity securities in the future, which could dilute existing stockholders' ownership and adversely affect earnings per share[135] - The company's stock price may experience significant volatility due to various factors, including potential sales of common stock by major shareholders[130] Technology and Innovation - The company expects AI investments to support margin expansion through operational efficiencies[180] - Failure to integrate new technologies, such as artificial intelligence and machine learning, could limit growth and adversely affect competitive position and financial condition[107] - The cybersecurity team implements controls aligned with the National Institute of Standards and Technology CyberSecurity Framework to protect information systems[150] Acquisitions and Future Outlook - The company plans to acquire Eddyfi Technologies for approximately $1.45 billion, funded through cash, debt, and $318 million of fully committed equity[71] - Eddyfi's projected annual revenue for 2026 is approximately $270 million, indicating a strong potential return on investment[179]
Savers Value Village(SVV) - 2026 Q4 - Annual Report
2026-02-20 11:34
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________________ FORM 10-K ________________________________________ (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 o 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 001-04321 ________________________________________ Savers Value V ...
AdvanSix(ASIX) - 2025 Q4 - Annual Results
2026-02-20 11:30
Sales Performance - 4Q25 sales reached $360 million, a 9% increase compared to the prior year[1] - Full year 2025 sales totaled $1.52 billion, slightly up from $1.52 billion in 2024[2] - Total sales for Q4 2025 reached $359.9 million, a 9.3% increase from $329.1 million in Q4 2024[26] Financial Metrics - Adjusted EBITDA for FY 2025 was $156.8 million, with an adjusted EBITDA margin of 10.3%[2] - 4Q25 adjusted EBITDA was $24.8 million, up $14.5 million year-over-year, driven by favorable volume and cost impacts[10] - Adjusted EBITDA for the twelve months ended December 31, 2025, was $156.8 million, up from $142.1 million in 2024, representing a 10.5% increase[30] - The company’s adjusted EBITDA margin improved to 10.3% for the twelve months ended December 31, 2025, compared to 9.4% in 2024[30] Income and Earnings - Net income for the twelve months ended December 31, 2025, was $49.3 million, compared to $44.1 million in 2024, reflecting an increase of 11.5%[26] - For the three months ended December 31, 2025, the company reported a net loss of $2.791 million compared to a net income of $352 million for the same period in 2024[31] - Adjusted net income (non-GAAP) for the twelve months ended December 31, 2025, was $62.173 million, up from $53.318 million in 2024, representing a year-over-year increase of approximately 16.5%[31] - The basic EPS for the twelve months ended December 31, 2025, was $1.83, an increase of 10.9% from $1.65 in 2024[31] - The diluted EPS for the twelve months ended December 31, 2025, was $1.80, compared to $1.62 in 2024, reflecting an increase of 11.1%[31] - The company reported an adjusted EPS (non-GAAP) of $2.31 for the twelve months ended December 31, 2025, up from $1.99 in 2024, indicating a growth of approximately 16.1%[31] Cash Flow and Capital Expenditures - Cash flow from operations in 4Q25 was $63.7 million, a slight decrease from $64.2 million in 4Q24[12] - Capital expenditures for FY 2025 were $116.4 million, down from $133.7 million in FY 2024[2] - The company anticipates capital expenditures of $75 to $95 million in 2026, reflecting a risk-based prioritization[18] Assets and Liabilities - Total assets increased to $1.706 billion as of December 31, 2025, up from $1.595 billion in 2024, a growth of 6.9%[24] - Total liabilities rose to $890.9 million in 2025, compared to $820.3 million in 2024, marking an increase of 8.6%[24] Dividends and Future Outlook - The company declared a quarterly cash dividend of $0.16 per share, payable on March 23, 2026[15] - The outlook for 2026 includes continued strength in Plant Nutrients and a focus on optimizing production output and sales volume mix[14] Operational Challenges - The company experienced an unfavorable impact of approximately $15 million to pre-tax income due to additional maintenance during a multi-site planned plant turnaround[36] - Another $17 million unfavorable impact to pre-tax income was reported due to reduced production and delayed ramp-up at the Hopewell plant during the same turnaround[36] - The planned plant turnaround is expected to affect production rates and operational efficiency across the integrated value chain, influencing future financial performance[36] - The company expects a pre-tax income impact from plant turnarounds of $20 to $25 million in 2026[18] - The company anticipates a pre-tax income impact of approximately $58 million from ammonia operations in 2024, with a projected increase in production levels[34]
IAC(IAC) - 2025 Q4 - Annual Report
2026-02-20 11:26
Debt and Financial Obligations - People Inc. has a total outstanding debt of $1.44 billion as of December 31, 2025, including a $1.04 billion Term Loan A-1 due May 14, 2030, and a Term Loan B-2 due June 16, 2032[146]. - People Inc. may not generate sufficient cash flow to meet its scheduled debt obligations, potentially forcing it to reduce or delay capital expenditures[145]. - The company may not be able to freely access cash from its subsidiaries due to restrictions, impacting its financial flexibility[147]. Spin-off and Strategic Focus - The anticipated benefits of the spin-off of Angi Inc. include improved capital structure and strategic focus, but there is no assurance these benefits will be realized[156]. - The company completed the spin-off of its full stake in Angi Inc. on March 31, 2025, through a dividend to stockholders, aiming for greater strategic focus and financial flexibility[155]. - The anticipated benefits of the spin-off include enabling each company to pursue its own capital structure and investment priorities, improving transparency, and potentially enhancing aggregate equity value[156]. - Following the spin-off, the company operates as a smaller, less diversified entity, making it more vulnerable to changing market conditions[159]. Market and Economic Risks - The market price and trading volume of IAC common stock may be volatile, influenced by various external factors beyond the company's control[151]. - Economic downturns and geopolitical risks could adversely impact consumer confidence and discretionary spending, affecting the company's financial performance[168]. - The Care.com business is particularly sensitive to economic factors that influence families' ability to pay for caregiver services[169]. - Geopolitical developments and public health events may increase economic uncertainty and disrupt consumer confidence, adversely affecting business operations[170][171]. - Economic events and trends, such as decreased consumer confidence and discretionary spending, could adversely impact the company's financial condition and results of operations[168]. Competition and Market Position - The company operates in highly competitive industries, facing challenges from competitors with better market positions and cost-effective marketing strategies[166]. - The low switching costs for consumers may lead to decreased user engagement if the company fails to innovate effectively[167]. - The company relies on maintaining and enhancing its brand reputation to differentiate from competitors and attract audiences and advertisers[172]. Cybersecurity and Compliance Risks - Cybersecurity incidents pose significant risks, potentially disrupting services and harming the company's reputation and financial condition[174]. - The company maintains cyber insurance, but coverage may be insufficient for future incidents, potentially leading to significant financial impacts[178]. - Ongoing compliance with privacy and data protection laws is costly and may hinder the development of new products and services[181]. - The company faces challenges in compliance with evolving privacy and data protection laws, which could result in significant fines and operational delays[180][181]. Management and Personnel Challenges - The company may face challenges in retaining key personnel, particularly in senior leadership and technology roles, which could disrupt operations and strategic initiatives[187]. - The company has not yet appointed a new Chief Executive Officer following Joseph Levin's departure on March 31, 2025, increasing dependency on remaining management[190]. - The loss of key executives, such as the Chairman, could adversely impact the company's strategic direction and governance[189][190]. - The company is currently evaluating its leadership structure following the departure of its CEO, increasing dependency on remaining management[190]. Strategic Initiatives and Risks - Strategic initiatives may involve risks, including potential exposure to liabilities and operational challenges that could adversely affect financial results[185]. - The company may not achieve the desired results from capital allocation actions, including share repurchases, which could impact long-term shareholder value[186]. - Ongoing investments in systems and technology are necessary to improve user experience and accommodate increases in platform traffic[184].
MediciNova(MNOV) - 2025 Q4 - Annual Results
2026-02-20 11:25
Exhibit 99.1 February 20, 2026 Unaudited Consolidated Financial Results for the Fiscal Year Ended December 31, 2025 (Under U.S. GAAP) | Company name: | Medicinova, Inc. | | | --- | --- | --- | | Listing: | Tokyo Stock Exchange | | | Securities code: 4875 | | | | URL: | https://medicinova.jp | | | Representative: | Yuichi Iwaki, Representative Director, President and CEO | | | Inquiries: | Kazuko Matsuda, Director and CMO, Vice President, Representative of the Tokyo Office | | | Telephone: | +81-3-5532-5912 ...