The Bank of N.T. Butterfield & Son (NTB) - 2025 Q4 - Annual Report
2026-02-18 21:31
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ 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 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 19 ...
Herbalife(HLF) - 2025 Q4 - Annual Results
2026-02-18 21:31
Exhibit 99.1 Herbalife Delivers Fourth Quarter and Full-Year Net Sales Growth, Net Sales and Adjusted EBITDA Exceed Guidance Cristiano Ronaldo Invests $7.5 Million in Herbalife's Pro2col™ Technology LOS ANGELES, February 18, 2026 – Herbalife Ltd. (NYSE: HLF) today reported financial results for the fourth quarter and year ended December 31, 2025: Highlights Fourth Quarter 2025 Full-Year 2025 Recent Developments ● In February, global sports icon Cristiano Ronaldo, invested $7.5 million and provided sponsorsh ...
Nordson(NDSN) - 2026 Q1 - Quarterly Results
2026-02-18 21:31
Nordson Corporation Reports Record First Quarter Fiscal 2026 Results and Increases Full Year Guidance First Quarter Highlights: First Quarter Segment Results Industrial Precision Solutions sales of $327 million increased 9% from the prior year, inclusive of an organic sales increase of 3% and favorable currency translation of 6%. The organic sales increase was driven by balanced growth across most product lines, with particular strength in Asia Pacific markets. EBITDA in the quarter was $110 million, or 34% ...
Select Water Solutions(WTTR) - 2025 Q4 - Annual Report
2026-02-18 21:31
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION 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 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 001-38066 Select Water Solutions, Inc. (Exact name of registrant as specified in its charter) Delaware 81-4561945 (Stat ...
The Cheesecake Factory(CAKE) - 2026 Q4 - Annual Results
2026-02-18 21:31
PRESS RELEASE FOR IMMEDIATE RELEASE Contact: Etienne Marcus (818) 871-3000 investorrelations@thecheesecakefactory.com Exhibit 99.1 THE CHEESECAKE FACTORY REPORTS RESULTS FOR FOURTH QUARTER OF FISCAL 2025 CALABASAS HILLS, Calif. – February 18, 2026 – The Cheesecake Factory Incorporated (NASDAQ: CAKE) today reported financial results for the fourth quarter of fiscal 2025, which ended on December 30, 2025. Total revenues were $961.6 million in the fourth quarter of fiscal 2025 compared to $921.0 million in the ...
Wyndham Hotels & Resorts(WH) - 2025 Q4 - Annual Results
2026-02-18 21:31
Exhibit 99.1 WYNDHAM HOTELS & RESORTS REPORTS FOURTH QUARTER RESULTS Company Increases Quarterly Dividend by 5% and Provides Full-Year 2026 Outlook PARSIPPANY, N.J., February 18, 2026 - Wyndham Hotels & Resorts (NYSE: WH) today announced results for the three months and year ended December 31, 2025. Highlights include: • System-wide rooms grew 4% year-over-year. • Awarded 870 development contracts globally in 2025, an increase of 18% year-over-year and an all-time high. • Development pipeline grew 3% year-o ...
Toast(TOST) - 2025 Q4 - Annual Report
2026-02-18 21:30
Employee Engagement and Workforce - As of December 31, 2025, the company had approximately 6,500 employees worldwide[82] - The company is committed to maintaining high employee engagement and satisfaction, as assessed by annual internal culture and independent surveys[83] - The company offers competitive compensation and benefits, including healthcare, mental health support, and retirement savings plans[84] - The company is focused on creating a diverse and inclusive workforce, believing it to be a strategic enabler for business success[85] Intellectual Property and Legal Compliance - The company has 67 U.S. patent applications allowed/granted and 10 pending, with issued patents estimated to expire between 2034 and 2044[94] - The company has developed a strategy to protect its intellectual property, including a combination of patents, trade secrets, and trademarks[93] - The company is licensed as a money transmitter in most states for payroll processing services, subject to various federal and state regulations[101] - The company is subject to numerous federal and state privacy and information security laws, which impact its operations and consumer data handling[114] - The company is subject to the EU GDPR and other privacy laws as it expands internationally, which may impact its operations[118] Financial Position and Market Risks - As of December 31, 2025, the company had cash and cash equivalents of $1,353 million and marketable securities of $638 million[432] - A hypothetical 100 basis point increase or decrease in interest rates would not have materially affected the company's financial position[433] - The primary objective of the company's investment activities is to preserve capital and meet liquidity requirements without significantly increasing risk[432] - The company has maintained provisions for potential credit losses and evaluates customer solvency on an ongoing basis[435] - The effects of inflation on the company's results of operations and financial condition have been considered immaterial[436] - The company does not expect changes in prevailing interest rates to have a material impact on its results of operations[433] - The company is exposed to market risks including interest rate and foreign currency exchange risks in its operations across North America, Europe, and Asia[431] Social Responsibility and Community Engagement - The company announced a $5 million, five-year commitment to address global hunger and food insecurity, making grants to hunger-relief organizations[90] - The company has reserved a total of 5.5 million Class A common shares for charitable initiatives through its social impact arm, Toast.org[89] Customer Base and Revenue - The company has a diverse customer base, with no individual customer accounting for more than 10% of total revenue during the fiscal years ended December 31, 2025, 2024, and 2023[435] - Foreign currency transaction gains and losses have not been material to the company's results of operations, and no foreign currency hedging transactions have been engaged[434]
munity Health Systems(CYH) - 2025 Q4 - Annual Results
2026-02-18 21:30
Exhibit Number 99.1 Investor Contact: Kevin Hammons Director and Chief Executive Officer (615) 465-7000 COMMUNITY HEALTH SYSTEMS, INC. ANNOUNCES FOURTH QUARTER AND YEAR ENDED DECEMBER 31, 2025 RESULTS FRANKLIN, Tenn. (February 18, 2026) – Community Health Systems, Inc. (NYSE: CYH) (the "Company") today announced financial and operating results for the three months and year ended December 31, 2025. The following highlights the financial and operating results for the three months ended December 31, 2025. Comm ...
American Water Works pany(AWK) - 2025 Q4 - Annual Report
2026-02-18 21:29
Business Strategy and Growth - The company is focused on executing its current and long-term business, operational, and growth strategies, including a merger agreement with Essential Utilities, Inc. and the proposed acquisition of systems from Nexus Water Group, Inc.[10] - The company anticipates organic customer growth and aims to achieve its environmental and sustainability goals, including greenhouse gas emission reduction and water delivery efficiency improvements[10] - The company is actively working on technology development and strategic initiatives to improve operational efficiency and customer service[10] Financial Risks and Liquidity - The company is exposed to risks related to changes in interest rates, which could impact its ability to finance operations and capital expenditures[179] - The company plans to address regulatory lag through filings for rate adjustments and infrastructure surcharges, which may affect its liquidity and cash flows[10] - The company relied on a $2.75 billion revolving credit facility and a $2.60 billion commercial paper program to meet liquidity needs in 2025[184] - As of December 31, 2025, the company had $1,590 million in commercial paper outstanding and $84 million in outstanding letters of credit[184] - The company plans to issue a combination of short-term and long-term debt, as well as additional equity, over the next five years to meet capital expenditure needs[186] - The company must comply with covenants that limit consolidated debt to no more than 70% of consolidated capitalization[185] - Any significant write-down of goodwill could lead to a default under the revolving credit facility, increasing funding costs[185] - The company may need to take measures to conserve cash, such as delaying capital expenditures or reducing dividends, in case of market disruptions[186] Regulatory and Compliance Issues - The company is assessing the impacts of potential changes in governmental regulations and policies on its operations and financial performance[11] - The company is committed to maintaining compliance with environmental regulations and addressing emerging contaminants in water quality[12] - The combined company will face extensive regulatory compliance requirements, which may adversely affect revenue stability and operational costs[222] Merger and Acquisition Details - The proposed Essential merger will convert each share of Essential common stock into 0.305 shares of the parent company's common stock, with no adjustments for market price fluctuations[200] - The completion of the Essential merger is anticipated in the first quarter of 2027, subject to regulatory approvals and other closing conditions[201] - The company may incur a termination fee of $835 million if it terminates the Essential Merger Agreement under certain conditions[204] - The proposed merger is expected to be accretive to earnings per share in 2028, although this is subject to change based on transaction and integration costs[210] - The proposed Essential merger is expected to incur approximately $150 million in merger-related costs prior to closing, with $13 million already incurred for the year ended December 31, 2025[214] - Following the merger, parent company shareholders will own an estimated 69% of the combined company, while Essential's shareholders will own 31% on a fully diluted basis[215] - The merger may trigger change in control provisions in existing agreements, potentially leading to adverse impacts on business operations and financial condition[217] Operational Challenges and Integration - Integration of Essential's operations may be complex, potentially leading to disruptions and increased costs[208] - The company faces risks associated with aging infrastructure and the need for updates or replacements, which could impact operational growth projections[12] - The success of the merger will depend on the combined company's ability to execute its business strategy effectively, with risks of not realizing anticipated benefits[221] - The combined company's business size will significantly increase, necessitating effective management of expanded operations to avoid adverse impacts on financial performance[220] - The company’s success is contingent upon attracting and retaining skilled employees, which may be challenged by market conditions and the merger[227] Market and Economic Conditions - The company is monitoring customer demand changes and patterns of water and energy use, which may result from conservation efforts[11] - The company faces risks related to market volatility affecting pension and postretirement benefit plan assets, which could increase funding requirements[199] - Changes in market conditions or business performance could lead to impairments in goodwill or other assets, negatively impacting financial results[198] - The ability to pay dividends may be impacted by cash flow changes, Board decisions, and compliance with Delaware law, with no assurance of maintaining current dividend rates[213][219] - The company may incur substantial unexpected transaction fees related to the merger, which could offset anticipated efficiencies from integration[214]
SEVEN HILLS REAL(SEVN) - 2025 Q4 - Annual Report
2026-02-18 21:27
Real Estate Management - As of December 31, 2025, RMR Inc. managed over $37 billion in real estate assets across approximately 1,800 properties[41]. - Tremont's relationship with RMR provides access to a broad network of real estate professionals, enhancing investment opportunities[42]. REIT Compliance and Taxation - The company must distribute at least 90% of its annual REIT taxable income to maintain its REIT status, limiting cash retention for loan originations[33]. - The company has elected to be taxed as a REIT since its 2020 taxable year, ensuring compliance with applicable qualification tests[60]. - The company is organized and qualified for taxation as a REIT under the IRC for the taxable years 2020 through 2025[62]. - The company believes it has satisfied the REIT qualification tests and will continue to do so in the future[66]. - If the company fails to qualify as a REIT, it could face significant tax liabilities, reducing cash available for shareholder distributions[66]. - The company may be subject to a 4% nondeductible excise tax if it fails to distribute at least 85% of its REIT ordinary income and 95% of its REIT capital gain net income[67]. - The company has no outstanding preferred shares, and distributions are allocated first to common shares[61]. - The company may be subject to federal corporate income tax on undistributed REIT taxable income[67]. - The company’s subsidiaries that are C corporations will be required to pay federal corporate income tax on their earnings[68]. - The company believes it has met all conditions required for REIT qualification during the requisite periods[73]. - The company has complied with Treasury regulations regarding share ownership and will continue to do so by annually requesting information from significant shareholders[75]. - The company believes that all its direct and indirect wholly owned subsidiaries will qualify as REIT subsidiaries, treating their assets and liabilities as part of the REIT[78]. - The company is permitted to own up to 20% of its total assets in taxable REIT subsidiaries (TRSs), increasing to 25% after December 31, 2025[80]. Income and Asset Tests - The company must satisfy two gross income tests annually: at least 75% of gross income must derive from real property investments, and at least 95% must consist of qualifying income[85]. - Interest income from loans secured by real property will generally qualify for the 75% gross income test, provided it meets certain conditions[86]. - The company expects that income from CMBS and agency securities will qualify for both the 75% and 95% gross income tests[88]. - Mezzanine loans may be treated as real estate assets for tax purposes if they meet specified safe harbor requirements, allowing interest to qualify for the 75% income test[89]. - The company expects mezzanine loans to generally be treated as debt for federal income tax purposes, while preferred equity investments are expected to be treated as equity[90]. - The company anticipates that interest from participation interests in mortgage loans and mezzanine loans will generally qualify as income for both the 75% and 95% gross income tests[91]. - Fee income from loans originated by the company, including prepayment penalties and late payment charges, is expected to qualify as income for both the 75% and 95% gross income tests[92]. - Rental income from properties acquired through foreclosure is expected to satisfy the 75% and 95% gross income tests if existing or new tenants pay qualifying rents[94]. - The company believes that all or substantially all rents and related service charges received will qualify as "rents from real property" for the 75% and 95% gross income tests[102]. - Gains from the sale of foreclosure property will be qualifying income for the 75% and 95% gross income tests and exempt from the 100% tax on gains from prohibited transactions[96]. - The company must satisfy asset percentage tests, including that at least 75% of total assets consist of "real estate assets" to qualify for taxation as a REIT[105]. - Not more than 25% of total assets may be represented by securities other than those that count favorably toward the 75% asset test[105]. - The company’s investments in the equity or debt of a TRS are expected to be treated as real estate assets for REIT asset tests[106]. - The company intends to structure activities to avoid prohibited transactions and may utilize TRSs to mitigate potential tax implications[103]. - The company believes it has satisfied the REIT asset tests and will continue to do so, beginning with its first taxable year as a REIT[114]. Distribution Requirements - The company is required to make annual distributions equal to at least 90% of its "real estate investment trust taxable income" to qualify for taxation as a REIT[116]. - If the company fails the 5% asset test, the 10% vote test, or the 10% value test, it has a 30-day period to cure the failure, or it may be excused if the failure is de minimis[111]. - The company expects its income to predominantly consist of business interest income, which should exceed its net interest expense, thus not triggering interest deduction limitations[115]. - The company may face timing differences between cash receipts and income recognition, potentially leading to substantial taxable income without sufficient cash for distributions[120]. - The company may pay "deficiency dividends" in later years to rectify any failure to meet distribution requirements, which would incur an interest charge for the delay[121]. - The company may elect to retain some or all of its net capital gain and pay income tax on those retained amounts, affecting shareholders' tax basis[122]. Tax Implications for Shareholders - The maximum federal income tax rate for long-term capital gains and most corporate dividends for noncorporate U.S. shareholders is generally 15% if their total adjusted income does not exceed applicable thresholds, and 20% if it exceeds those thresholds[126]. - Ordinary dividends are generally taxed at higher federal income tax rates applicable to ordinary income, except for qualified REIT dividends which may benefit from lower effective tax rates[126]. - Distributions made out of current or accumulated earnings and profits that are designated as capital gain dividends will be taxed as long-term capital gains, provided they do not exceed the actual net capital gain for the taxable year[127]. - Non-U.S. shareholders will generally be subject to U.S. federal income tax and withholding at a rate of 30% on distributions that are not designated as capital gain dividends[142]. - Non-U.S. shareholders may seek a refund from the IRS for amounts withheld on distributions in excess of their allocable share of current and accumulated earnings and profits[142]. - If a class of shares is not listed on a U.S. national securities exchange, distributions attributable to gain from the sale of U.S. real property interests may be taxed as if they were effectively connected with a U.S. trade or business[146]. - Tax treaties may reduce withholding obligations on distributions, but rates below 30% may not apply to ordinary income dividends from a REIT unless specified conditions are met[145]. - Noncorporate U.S. shareholders who borrow funds to finance their acquisition of shares may be limited in the amount of deductions allowed for interest paid on the indebtedness incurred[135]. - Each U.S. shareholder will be taxed on its designated proportionate share of retained net capital gains as though that amount were distributed and designated as a capital gain dividend[136]. - Tax-exempt shareholders receiving distributions from the company should not have such amounts treated as UBTI, provided certain conditions are met[138]. - The company believes its shares will not constitute USRPIs, as it does not meet the criteria of being a "United States real property holding corporation" based on asset value assessments[149]. - The company expects to maintain its status as a "domestically controlled" REIT, with less than 50% of its shares held by non-U.S. shareholders over the past five years[150]. - Distributions to non-U.S. shareholders will be reported to both the shareholders and the IRS, regardless of withholding status[154]. - Non-U.S. financial institutions must comply with diligence and reporting requirements to avoid a 30% U.S. withholding tax on applicable payments[156]. Shareholder and Securities Regulations - The company is not an investment company registered under the 1940 Act, and its shares must be analyzed to determine if they are publicly offered securities[164]. - The company believes its common shares have been and will remain widely held, which is essential for maintaining their status as publicly offered securities[165]. - The company does not expect to impose restrictions on the transfer of shares that would affect their classification as "freely transferable"[167]. - Tax counsel has opined that the company's shares are publicly offered and will not be deemed "plan assets" of any ERISA Plan or Non-ERISA Plan acquiring shares in a public offering[168].