Financial Performance - Net sales decreased by $18.8 million, or 5.2%, to $343.8 million for the three months ended December 27, 2025, primarily due to declines in the Food Service segment [134]. - Gross profit increased by $2.1 million, or 2.2%, to $96.0 million, with gross profit as a percentage of sales rising from 25.9% to 27.9% [135]. - Operating expenses increased by $7.7 million, or 8.8%, to $95.4 million, with a significant portion attributed to $6.1 million in plant closure expenses [137]. - Net earnings decreased by $4.3 million, or 82.8%, to $0.9 million for the three months ended December 27, 2025 [144]. - Investment income decreased by $0.3 million, or 31.3%, to $0.7 million due to lower interest rates on foreign cash balances [142]. Sales Performance - Net sales for the three months ended December 27, 2025, decreased by $18.8 million, or 5.2%, to $343.8 million compared to $362.6 million for the same period in 2024 [147]. - Food Service sales decreased by $19.7 million, or 8.3%, primarily due to a $18.2 million decline in bakery product sales, attributed to the Project Apollo initiative [148]. - Retail Supermarket sales increased by $1.2 million, or 2.6%, to $45.9 million, driven by a 35% increase in handheld sales [151]. - Frozen Beverages segment sales decreased by $0.3 million, or 0.3%, with operating income declining by $0.6 million, or 13.7%, to $4.0 million due to lower beverage sales volumes [153][154]. Operational Initiatives - The company expects Project Apollo to generate at least $20 million of run-rate operating income by the end of fiscal 2026 [127]. - The company has opened three regional distribution centers, projected to drive cost reductions in warehousing and distribution [130]. - Operating income in the Food Service segment increased by $1.3 million, or 14.6%, to $10.1 million, reflecting manufacturing efficiencies despite volume declines [150]. Cash Flow and Financial Position - Cash flows from operating activities for the three months ended December 27, 2025, increased to $35.9 million from $35.2 million in the prior year [156]. - As of December 27, 2025, the company had $66.8 million in cash and cash equivalents, with no outstanding balance under the Amended Credit Agreement [159][164]. - The company anticipates that future operating cash flow, along with its borrowing capacity, will be sufficient to meet cash requirements and fund growth [155]. Shareholder Actions - The company repurchased 458,467 shares of common stock at an average price of $91.61 per share during the quarter [162]. - The company is in compliance with all financial covenants of the Credit Agreement as of December 27, 2025 [163]. Taxation - The effective tax rate remained consistent at 27% for both the three months ended December 27, 2025, and December 28, 2024 [143]. Marketing Expenses - Selling and marketing expenses increased from 7.9% to 9.2% of net sales, driven by higher commission costs and promotional activities [138]. Plant Closure Costs - Plant closure costs recorded were approximately $24 million in Q4 fiscal 2025 and $6.1 million in Q1 fiscal 2026 [128].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (State or other jurisdiction of incorporation or organization) (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period 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 x Commission file number 000-19291 CORVEL CORPORATION (Exact Name of Registrant as Specif ...

Financial Performance - Net sales for the second quarter of fiscal 2026 were $137.5 million, an increase of $7.6 million, or 6%, driven by pricing, new program launches, and customer inventory builds[5] - Gross margin improved to 16.5%, up from 13.2% in the prior year, primarily due to pricing actions and higher production volumes[5] - Net income attributable to Strattec was $4.9 million, or $1.20 per diluted share, compared to $1.3 million, or $0.32 per diluted share, in the prior year[10] - Adjusted EBITDA for the quarter was $12.3 million, representing 8.9% of sales, compared to $8.0 million in the prior year[10] - Net income for the three months ended December 28, 2025, was $5,643 thousand, compared to $1,398 thousand for the same period in 2024, representing a significant increase of 303%[25] - Net sales for fiscal 2026 Q2 were $137.0 million, compared to $129.9 million in Q2 of fiscal 2025, representing a 5.4% increase year-over-year[26] - Adjusted EBITDA for Q2 of fiscal 2026 was $12.2 million, which is 8.9% of net sales, compared to 6.1% in Q2 of fiscal 2025[26] - Net income attributable to Strattec (GAAP) for Q2 of fiscal 2026 was $4.94 million, compared to $1.31 million in Q2 of fiscal 2025[27] - Adjusted net income attributable to Strattec (Non-GAAP) for Q2 of fiscal 2026 was $7.04 million, up from $2.64 million in Q2 of fiscal 2025[27] - Strattec's income from operations for Q2 of fiscal 2026 was $4.47 million, compared to $2.13 million in Q2 of fiscal 2025[26] Cash Flow and Assets - Cash from operations increased to $14 million, reflecting a 47% increase due to higher cash earnings[11] - The company had $99.0 million in cash and cash equivalents, up from $90.5 million at the end of the previous quarter[11] - Cash and cash equivalents at the end of the period reached $99,027 thousand, up from $84,579 thousand, marking a 17.5% increase[25] - Net cash provided by operating activities for the six months ended December 28, 2025, was $25,208 thousand, compared to $20,781 thousand for the same period in 2024, an increase of 21.7%[25] Liabilities and Equity - Total liabilities decreased to $129,231 thousand from $145,023 thousand, a reduction of 10.9%[23] - Total shareholders' equity increased to $263,014 thousand from $246,431 thousand, a growth of 6.7%[23] - Retained earnings rose to $282,773 thousand from $269,297 thousand, reflecting a growth of 5%[23] Expenses and Cost Management - Selling, administrative, and engineering expenses rose to $17.9 million, or 13.0% of sales, compared to 11.6% in the prior year[8] - The company reported a depreciation expense of $7,678 thousand for the six months ended December 28, 2025, compared to $7,206 thousand for the same period in 2024[25] - The company experienced a significant increase in business transformation costs, totaling $1.508 million for Q2 of fiscal 2026[27] Future Outlook - The second half of fiscal 2026 is anticipated to face a softer U.S. automotive production market and continued foreign exchange headwinds[4] - The company expects annual savings of $3.4 million from restructuring actions, including a voluntary early retirement program[4] - Strattec is focused on transforming its business for stronger earnings power and a predictable growth path[4] Borrowing and Financial Strategy - The current portion of borrowings under credit facilities was $2,500 thousand, indicating a new borrowing strategy[23] - The company experienced a foreign currency transaction loss of $463 thousand for the three months ended December 28, 2025[25]

2025 HIGHLIGHTS "Isabella Bank Corporation had an outstanding 2025, driven by growth across our markets and increases in our loans, deposits, and wealth management services," said CEO Jerome Schwind. "During the year, we also launched initiatives to strengthen our noninterest income, which are already contributing positive results. We continue to attract new customers while remaining focused on our current customers," he added. "We uplisted our stock to the Nasdaq in May, and have seen significant volume an ...

For the transition period from to . WASHINGTON, D.C. 20549 ______________________________________________________________________________________________________ FORM 10-Q ______________________________________________________________________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 27, 2025 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION ☐ TRANSITION REPORT PURSUANT TO ...

Rent and Lease Information - The annualized rent as of December 31, 2025, is $892.5 million, including $52.3 million related to tenants in free rent periods[121] - The average effective annual rent per square foot increased to $38.31 in 2025 from $37.60 in 2024, reflecting a growth of 1.9%[121] - As of December 31, 2025, leases expiring in 2026 represent 5.7% of leased space, with an annual contractual rent of $48.2 million[124] - The top 20 office tenants contribute $346.3 million, accounting for 38.6% of the company's share of annualized rent[127] - The technology sector represents 30.5% of the company's share of annualized rent, making it the largest industry segment[132] Project and Development Information - The Neuhoff project in Nashville has an estimated project cost of $589.1 million, with $582.6 million incurred to date[134] - The company plans to replace Domain 4 with future development once its leases expire, indicating a strategy for market expansion[119] - As of December 31, 2025, the total developable land owned by the company is 37.0 acres, with a total cost basis of land amounting to $162.809 million[137] - The company has a construction loan capacity of $273.5 million for the Neuhoff project, with a share of $136.8 million[136] - The 303 Tremont property is under contract for sale, expected to close in the second half of 2026[137] - Corporate Center 5 is controlled through a long-term ground lease, contributing to the company's land holdings[137] Debt and Financial Information - The company has $3.0 billion of fixed rate debt outstanding at a weighted average interest rate of 4.94% as of December 31, 2025, compared to $2.7 billion at 4.85% in 2024[253] - The company holds $366.0 million of variable rate debt, including $116.0 million from the Credit Facility at an interest rate of 4.535% and $250 million from the 2021 Term Loan at 4.76%[254] - If interest rates had been 1% higher, the interest incurred on average variable rate debt would have increased by $3.3 million in 2025[254] - The company mitigates market risk primarily by limiting total debt exposure and favoring fixed-rate debt in its portfolio[252] - The company’s variable rate debt in 2024 was $362.3 million, with a Credit Facility interest rate of 5.185%[254] Land and Cost Basis Information - The company’s share of the cost basis of land is $156.003 million[137] - The company's share of property-specific mortgage debt as of December 31, 2025, is not specified but is critical for financial analysis[119] - The weighted average economic occupancy for the properties is not explicitly stated but is essential for assessing performance[118] Financial Strategy - The company’s strategy includes using derivative financial instruments to convert some variable rate debt to fixed rate debt[252]

Table of Contents December 31, 2025 | Safe Harbor Language | i | | --- | --- | | Earnings Press Release | ii | | Summary Information: | | | Financial Results Summary | 1 | | Real Estate Portfolio Summary | 2 | | Financial Information: | | | Consolidated Balance Sheets | 3 | | Supplemental Details of Assets and Liabilities (Real Estate Partnerships Only) | 4 | | Consolidated Statements of Operations | 5 | | Supplemental Details of Operations (Consolidated Only) | 6 | | Supplemental Details of Operations (Rea ...

Financial Performance - Net Income Attributable to Common Shareholders for Q4 2025 was $1.09 per diluted share, compared to $0.46 in Q4 2024, representing a significant increase[19] - Full-year Net Income Attributable to Common Shareholders for 2025 was $2.82 per diluted share, up from $2.11 in 2024[19] - For the three months ended December 31, 2025, Net Income Attributable to Common Shareholders was $199.1 million, or $1.09 per diluted share, compared to $83.1 million, or $0.46 per diluted share, for the same period in 2024[27] - For the twelve months ended December 31, 2025, Nareit FFO was $855.7 million, or $4.64 per diluted share, compared to $790.9 million, or $4.30 per diluted share, for the same period in 2024[27] - Net income attributable to common shareholders increased to $199,068,000 for Q4 2025, up from $83,066,000 in Q4 2024, representing a growth of 139.9%[65] - Net income attributable to common shareholders for the year ended December 31, 2025, was $513,810, a 32.8% increase from $386,738 in 2024[77] Funds From Operations - Nareit FFO for Q4 2025 was reported at $1.17 per diluted share, with full-year Nareit FFO at $4.64 per diluted share, reflecting a 7.9% growth year-over-year[22] - Nareit Funds From Operations (Nareit FFO) for the year ended 2025 was $855,725,000, a 8.2% increase from $790,892,000 in 2024[65] - Nareit Funds From Operations (FFO) for Q4 2025 reached $219.346 million, compared to $199.472 million in Q4 2024, reflecting a 9.4% growth[89] Operating Earnings - Core Operating Earnings for Q4 2025 were $1.12 per diluted share, and $4.41 per diluted share for the full year, marking a 6.8% increase[22] - Core Operating Earnings for Q4 2025 were $208.971 million, an increase from $190.578 million in Q4 2024, marking a 9.6% rise[89] - Core Operating Earnings per diluted share guidance for 2026 is set at $4.59 to $4.63, an increase from $4.41 in 2025[139] Same Property Performance - Same Property Net Operating Income (NOI) increased by 4.7% year-over-year for Q4 and by 5.3% for the full year, excluding termination fees[22] - Fourth quarter 2025 Same Property NOI, excluding termination fees, increased by 4.7% compared to the same period in 2024, with Same Property base rent growth contributing 4.1% to this increase[27] - Full year 2025 Same Property NOI, excluding termination fees, increased by 5.3% compared to the same period in 2024[27] - Same Property NOI for the year ended December 31, 2025, was $1,099,808,000, up 5.3% from $1,044,690,000 in 2024[39] Leasing Activity - Regency executed 6.8 million square feet of comparable new and renewal leases during the full year, achieving blended rent spreads of 10.8% on a cash basis and 21.4% on a straight-lined basis[22] - During the three months ended December 31, 2025, Regency executed approximately 1.7 million square feet of comparable new and renewal leases at a blended cash rent spread of +12.0%[27] - In Q4 2025, total leasing transactions reached 377, with a Gross Leasable Area (GLA) of 1,652,000 sq. ft and a new base rent of $29.22 per sq. ft, reflecting a rent spread of 12.0%[113] Development and Redevelopment - The company started $97 million of new development and redevelopment projects in Q4 2025, bringing the total for the year to approximately $318 million[22] - Regency completed $164 million of development and redevelopment projects in Q4 2025, totaling approximately $212 million for the full year[22] - For the twelve months ended December 31, 2025, the Company started development and redevelopment projects with estimated net project costs of approximately $318 million[30] - The company plans to complete a total of $212 million in developments and redevelopments, with a stabilized yield of approximately 10%[108] Dividends - The Board declared a quarterly cash dividend of $0.755 per share on February 4, 2026[22] - On February 4, 2026, Regency's Board declared a quarterly cash dividend on the Company's common stock of $0.755 per share, payable on April 1, 2026[30] Guidance and Projections - 2026 Guidance for Net Income Attributable to Common Shareholders per diluted share is projected to be between $2.35 and $2.39, down from $2.82 in 2025[32] - Nareit Funds From Operations (Nareit FFO) per diluted share is expected to be between $4.83 and $4.87 for 2026, compared to $4.64 in 2025[139] - Same property NOI growth without termination fees is projected to be between +3.25% and +3.75% for 2026, down from 5.3% in 2025[139] Debt and Liabilities - Outstanding debt increased to $5,280,308,000 as of December 31, 2025, from $4,984,071,000 in 2024[69] - Total debt outstanding as of December 31, 2025, was $4.739 billion, compared to $4.409 billion as of December 31, 2024, showing a 7.5% increase[93] - The company has a total of $4.74 billion in variable rate mortgage loans, with an effective interest rate of 4.20%[95] Market Capitalization and Share Price - The market price per common share decreased to $69.03 as of December 31, 2025, down from $73.93 a year earlier[65] - Total market capitalization as of December 31, 2025, was $18,275,309,000, compared to $18,636,315,000 in 2024[65] Occupancy and Property Management - The percentage of Same Property leased increased by 10 basis points sequentially to 96.5%[22] - As of December 31, 2025, Regency's Same Property portfolio was 96.5% leased, an increase of 10 basis points sequentially[27] - The overall occupancy rate across all properties is 96.1%, with the highest occupancy in the San Diego-Chula Vista-Carlsbad area at 99.4%[124]

Exhibit 99.2 Table of Contents December 31, 2025 | Safe Harbor Language | i | | --- | --- | | Earnings Press Release | ii | | Summary Information: | | | Financial Results Summary | 1 | | Real Estate Portfolio Summary | 2 | | Financial Information: | | | Consolidated Balance Sheets | 3 | | Supplemental Details of Assets and Liabilities (Real Estate Partnerships Only) | 4 | | Consolidated Statements of Operations | 5 | | Supplemental Details of Operations (Consolidated Only) | 6 | | Supplemental Details of Op ...

Exhibit 99.1 AMAZON.COM ANNOUNCES FOURTH QUARTER RESULTS SEATTLE—(BUSINESS WIRE) February 5, 2026—Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its fourth quarter ended December 31, 2025. Fourth Quarter 2025 Full Year 2025 • Net sales increased 14% to $213.4 billion in the fourth quarter, compared with $187.8 billion in fourth quarter 2024. Excluding the $2.8 billion favorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales increased 12% ...