HEICO (HEI) - 2026 Q1 - Quarterly Results
2026-02-25 22:16
EXHIBIT 99.1 February 25, 2026 Victor H. Mendelson (305) 374-1745 ext. 7590 Carlos L. Macau, Jr. (954) 987-4000 ext. 7570 HEICO CORPORATION REPORTS RECORD NET INCOME (UP 13%) AND STRONG INCREASES IN OPERATING INCOME (UP 15%) AND NET SALES (UP 14%) FOR THE FIRST QUARTER OF FISCAL 2026 HOLLYWOOD, FL and MIAMI, FL -- HEICO CORPORATION (NYSE: HEI.A) (NYSE: HEI) today reported an increase in net income of 13% to a record $190.2 million, or $1.35 per diluted share, in the first quarter of fiscal 2026, up from $16 ...
HEICO (HEI_A) - 2026 Q1 - Quarterly Results
2026-02-25 22:16
Financial Performance - HEICO Corporation reported a record net income of $190.2 million for Q1 fiscal 2026, a 13% increase from $168.0 million in Q1 fiscal 2025, translating to $1.35 per diluted share compared to $1.20 per diluted share [1][2]. - Net sales increased by 14% to $1,178.6 million in Q1 fiscal 2026, up from $1,030.2 million in Q1 fiscal 2025, with operating income rising 15% to $259.9 million [2][24]. - EBITDA for Q1 fiscal 2026 increased by 14% to $312.0 million, compared to $273.9 million in Q1 fiscal 2025 [3]. - For the first quarter of fiscal 2026, HEICO reported a net income of $204.8 million, an increase of 12.7% from $181.6 million in the same period of fiscal 2025 [28]. - HEICO's EBITDA for the first quarter of fiscal 2026 was $312.0 million, a 13.9% increase from $273.9 million in the same quarter of fiscal 2025 [30]. Segment Performance - The Flight Support Group's net sales rose 15% to $820.0 million, driven by 12% organic growth and contributions from fiscal 2025 acquisitions [8][9]. - The Electronic Technologies Group's net sales increased by 12% to $370.7 million, with strong organic growth of 6% [12]. - Operating income for the Flight Support Group increased by 21% to $200.7 million, while the Electronic Technologies Group's operating income decreased to $73.2 million from $76.5 million [9][13]. Cash Flow and Debt - Cash flow from operating activities totaled $178.6 million in Q1 fiscal 2026, down from $203.0 million in Q1 fiscal 2025, primarily due to higher performance-based compensation [6]. - The total debt to net income ratio was 3.52x as of January 31, 2026, compared to 3.14x as of October 31, 2025, reflecting increased leverage from a recent acquisition [6]. - The company’s total debt increased to $2.51 billion as of January 31, 2026, compared to $2.17 billion at the end of the previous quarter, representing a 15.5% rise [30]. - Net debt also increased to $2.25 billion, up from $1.95 billion, indicating a 15.5% increase [30]. - The net debt to EBITDA ratio stood at 1.79 as of January 31, 2026, compared to 1.60 at the end of the previous quarter [30]. Assets and Inventories - Total assets increased to $9.04 billion as of January 31, 2026, up from $8.50 billion as of October 31, 2025, reflecting a growth of 6.4% [27]. - Cash and cash equivalents rose to $261.0 million, compared to $217.8 million at the end of the previous quarter, marking a 19.9% increase [27]. - HEICO's inventories increased to $1.34 billion, up from $1.30 billion, reflecting a growth of 3.9% [27]. Future Outlook - HEICO expects continued sales momentum supported by organic demand and recent acquisitions, while pursuing selective acquisition opportunities aligned with its growth strategy [6]. - The company recognized a discrete tax benefit of $22.3 million from stock option exercises, increasing net income attributable to HEICO by $21.8 million, or $0.16 per basic share [26].
SEACOR Marine(SMHI) - 2025 Q4 - Annual Report
2026-02-25 22:16
Fleet and Operations - As of December 31, 2025, the total fleet consists of 44 vessels, down from 54 in 2024 and 58 in 2023, indicating a reduction of approximately 18% over the two-year period[29]. - The Company operates in four principal geographic regions, with 37 vessels in foreign markets, reflecting a strategic focus on high-margin deployments[29][26]. - The demand for the Company's fleet is influenced by seasonality, with peak demand typically occurring during summer months, particularly for liftboats in the U.S.[33]. - The Company’s fleet reconfiguration aims to meet market demands while focusing on higher margin vessels, resulting in a simplified capital structure[28]. - The Company has a construction project for two foreign flag DP-2 PSVs expected to be delivered in Q4 2026 and Q1 2027, enhancing its fleet capabilities[21]. - As of December 31, 2025, 41 of the Company's owned vessels were outfitted with dynamic positioning (DP) systems, improving operational efficiency and safety[19]. Revenue and Customer Base - The Company’s principal customers accounted for approximately 84% of consolidated operating revenues in 2025, with Azule Energy Angola S.p.A., ExxonMobil Corporation, and SEACOR Marine Arabia LLC contributing 27%, 17%, and 14% respectively[35]. - For the years ended December 31, 2025, 2024, and 2023, 84%, 87%, and 79% of the Company's operating revenues were derived from foreign operations, highlighting the importance of international markets[40]. - The Company’s contracts vary in length from several days to multi-year periods, with many including cancellation clauses without early termination penalties, affecting revenue predictability[37]. Regulatory Compliance and Environmental Impact - The Company is subject to extensive regulations under various international, federal, state, and local laws, particularly concerning environmental protection and safety[42]. - The Company does not expect near-term capital outlays for compliance with laws and regulations to materially affect its financial position or results of operations[43]. - Under the Oil Pollution Act of 1990 (OPA 90), the Company is liable for removal costs and damages from oil spills, with liability limits for non-tank vessels set at the greater of $1,300 per gross ton or $1,076,000[57]. - The Company maintains pollution liability insurance with a limit of $1.0 billion to cover spill removal costs and damages[59]. - The Company is required to comply with the International Safety Management Code (ISM Code) for vessels over 500 gross tons, ensuring safety management and pollution prevention protocols are in place[53]. - The Company has filed a Notice of Intent to be covered by the 2013 Vessel General Permit (VGP) for its U.S.-flag and foreign-flag commercial vessels operating in U.S. waters[62]. - The Company’s operations may be regulated by various U.S. agencies, including the U.S. Coast Guard and the Environmental Protection Agency, which increases compliance costs and risks[52]. - The Company’s vessels are subject to the Maritime Labour Convention (MLC), which establishes minimum working conditions for seafarers, potentially impacting operational costs[49]. - The Company’s compliance with the Jones Act limits foreign ownership of its capital stock to 22.5% to ensure adherence to U.S. maritime law[47]. - Noncompliance with the ISM Code may lead to increased liability, loss of customers, and denial of access to U.S. ports[54]. - The Company believes it is premature to predict additional costs for compliance with new regulations and performance standards under the Vessel Incidental Discharge Act (VIDA) adopted by the EPA in late 2024[64]. - The Company maintains that its Protection and Indemnity insurance should cover liabilities under the International Convention on Civil Liability for Oil Pollution Damage, subject to applicable policy deductibles, exclusions, and limitations[66]. - The Company installs Ballast Water Treatment Systems (BWTS) on its vessels as required by the USCG/EPA and the Ballast Water Management Convention to achieve compliance[70]. - The Company believes all of its vessels maintain a ballast water management plan compliant with applicable regulations, including those under the U.S. National Invasive Species Act[69]. - The Company has implemented flag state approved security plans and other procedures to address applicable security standards in response to heightened security procedures related to ports and vessels[87]. - The Company maintains hull, liability, and war risk insurance, among others, to mitigate risks associated with vessel operations, which include adverse weather conditions and mechanical failures[88]. - The Company is subject to various international conventions and federal, state, and local laws that may impose additional operational costs and regulatory compliance requirements[82]. Sustainability and Workforce - The Sustainability Council, established in September 2020, oversees the Company's environmental, social, and governance (ESG) program, integrating sustainability goals into strategic business activities[89]. - The Company periodically publishes a Sustainability Report detailing its sustainability efforts and ESG practices, with a dedicated section on its website focusing on these initiatives[90]. - The IMO has set a target to reduce greenhouse gas emissions from shipping by 40% by 2030 compared to 2008 levels, with a goal of achieving net-zero emissions by around 2050[79]. - As of December 31, 2025, the Company employed 889 individuals, with a total recordable incident rate of 0.080 and zero pollution incidents reported during fiscal year 2025[92]. - The Company aims to increase female representation in its workforce, with 30% of its onshore workforce being female as of December 31, 2025[94]. - The Company worked over 4.9 million man-hours across its global businesses in fiscal year 2025, recording only one medical incident and one lost time incident[92]. - The Company is committed to providing competitive salaries and comprehensive benefits, including medical, dental, and retirement savings plans like the 401(k) for U.S. employees[96]. - The Company provides various learning opportunities for employees, including leadership and technical skill development[95]. - The Sustainability Council oversees strategies to promote diversity and inclusion within the Company, reflecting the diverse communities it operates in[93]. Financial Risks - The Company is exposed to foreign currency exchange risks but attempts to contract services in U.S. dollars to minimize financial impacts[351]. - The Company does not hedge against foreign currency rate fluctuations in normal business operations, which exposes it to potential exchange rate losses[352]. - The Company's outstanding debt consists solely of fixed interest rate instruments, insulating it from interest rate fluctuations[353]. Health and Safety - The Company has enhanced health and safety protocols, including the provision of personal protective equipment and hydroxyl generators for pathogen control[92].
ADMA Biologics(ADMA) - 2025 Q4 - Annual Report
2026-02-25 22:16
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 ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-36728 ADMA BIOLOGICS, INC. (Exact Name of Registrant as Specified in Its Charter) | Delaware | 56-2590442 | | --- | --- | | (State or Other J ...
SEACOR Marine(SMHI) - 2025 Q4 - Annual Results
2026-02-25 22:15
Exhibit 99.1 PRESS RELEASE SEACOR MARINE ANNOUNCES FOURTH QUARTER 2025 RESULTS Houston, Texas February 25, 2026 FOR IMMEDIATE RELEASE - SEACOR Marine Holdings Inc. (NYSE: SMHI) (the "Company" or "SEACOR Marine"), a leading provider of marine and support transportation services to offshore energy facilities worldwide, today announced results for its fourth quarter ended December 31, 2025. SEACOR Marine's consolidated operating revenues for the fourth quarter of 2025 were $52.3 million, operating loss was $5. ...
Par Pacific(PARR) - 2025 Q4 - Annual Report
2026-02-25 22:15
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 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 ...
Ferrovial SE(FER) - 2025 Q4 - Annual Report
2026-02-25 22:13
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 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 1934 ...
Hope Bancorp(HOPE) - 2025 Q4 - Annual Report
2026-02-25 22:12
Loan Origination and Sales - The company has originated loans partially guaranteed by the SBA, including SBA 7(a) loans with a maximum gross loan amount of $5.0 million and a maximum SBA guaranteed amount of $3.75 million[21]. - The company has sold the guaranteed portion of SBA 7(a) loans in the secondary market at a premium, earning servicing fee income on the sold portion[22]. - The company funded approximately $3.10 billion in loans in 2025, with 562 CRA-reportable small business loans totaling $234.3 million[90]. Branch Operations and Community Presence - The company operates 74 branches across the United States, with a significant presence in multi-ethnic communities, including 29 branches in Hawaii and 24 in California[36]. - The Bank operates 29 branches in Hawaii following the acquisition of Territorial Savings Bank in 2025[52]. - Approximately 31% of the Bank's branches are located in low-to-moderate income areas, reflecting its commitment to community investment[90]. Financial Performance and Capital Management - The company paid off $197.1 million of convertible note principal in cash on May 15, 2023, following the exercise of put rights by most holders of its convertible notes[35]. - As of December 31, 2025, Hope Bancorp and the Bank met all Basel III Capital Rules requirements, including a common equity Tier 1 capital ratio exceeding 7.0%[56]. - The minimum capital ratios for the Bank to be considered well-capitalized include a common equity Tier 1 ratio of 6.5%, a Tier 1 ratio of 8%, and a total capital ratio of 10%[64]. Regulatory Environment - The company is subject to extensive regulation and supervision under state and federal banking laws, emphasizing capital planning and liquidity management[41]. - The Company is subject to heightened supervision and regulation due to consolidated assets exceeding $10 billion, including maintaining a Tier 1 leverage ratio of at least 5.0%[59]. - The Dodd-Frank Act requires banking organizations with consolidated assets exceeding $10 billion to perform annual stress tests[61]. Consumer Protection and Compliance - The Company is subject to numerous federal and state consumer protection statutes, which mandate specific underwriting criteria for home loans[66]. - The Bank must comply with the USA PATRIOT Act, which includes establishing anti-money laundering programs and enhanced due diligence standards[69]. - The FDIC insures customer deposits up to $250,000 per customer, and termination of the Bank's deposit insurance could lead to revocation of its charter[74]. Employee and Community Engagement - The Bank had 1,434 full-time equivalent employees as of December 31, 2025, an increase from 1,244 in 2024[87]. - The company is committed to maintaining a diverse workforce and offers professional development opportunities to enhance employee retention and satisfaction[83][85]. - The company made over $750 thousand in charitable donations in 2025, including $200 thousand to United Way for Los Angeles fire relief[90]. Financial Obligations and Assessments - Total contractual obligations and commitments as of December 31, 2025, amounted to $9.46 billion, with $7.96 billion due in less than one year[364]. - The company has commitments to fund CRA and tax credit investments totaling $36.27 million[364]. - In November 2023, the FDIC approved a special assessment rate of approximately 13.4 basis points per year, to be paid in eight quarterly installments starting Q1 2024, based on an adjusted assessment base of estimated uninsured deposits[76]. - The company recorded an expense of $691 thousand in 2024 for the special assessment, which was reversed in 2025 when the FDIC notified that the additional assessment was no longer necessary[76]. Competitive Landscape - The competitive environment includes strong competition from community, regional, and national banks, as well as non-bank financial service providers[37]. - The company's profitability is influenced by interest rate differentials, which are affected by various economic factors beyond its control[38]. - The company is subject to regulatory scrutiny, which may impact its ability to pay dividends or repurchase shares if capital requirements are not met[79].
Chord Energy (CHRD) - 2025 Q4 - Annual Results
2026-02-25 22:11
Exhibit 99.1 Chord Energy Reports Fourth Quarter and Full-Year 2025 Financial and Operating Results, Issues 2026 Outlook and Declares Base Dividend Houston, Texas — February 25, 2026 — Chord Energy Corporation (NASDAQ: CHRD) ("Chord", "Chord Energy" or the "Company") today reported financial and operating results for the fourth quarter and full-year 2025 and announced its 2026 outlook. Key Takeaways and Updates: 4Q25 Operational and Financial Highlights: (1) Non-GAAP financial measure. See "Non-GAAP Financi ...
TETRA Technologies(TTI) - 2025 Q4 - Annual Report
2026-02-25 22:09
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 1-13455 TETRA Technologies, Inc. (Exact name of registrant as specified in its charter) Delaware 74-2148293 (State or Other Jurisdiction ...