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First Industrial Realty Trust(FR) - 2025 Q4 - Annual Results
2026-02-04 21:41
FIRST INDUSTRIAL REALTY TRUST REPORTS FOURTH QUARTER AND FULL YEAR 2025 RESULTS CHICAGO, February 4, 2026 – First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator and developer of logistics real estate, today announced results for the fourth quarter and full year 2025. First Industrial's diluted net income available to common stockholders per share (EPS) was $0.59 in the fourth quarter, compared to $0.52 a year ago. Full year 2025 EPS was $1.87, compared to $2.17 in 2024. ...
Phibro(PAHC) - 2026 Q2 - Quarterly Results
2026-02-04 21:41
Exhibit 99.1 COMMENTARY "This was a strong quarter for us, and I'm really proud of how our teams are executing around the world," stated Jack Bendheim, President and Chief Executive Officer. "We're seeing faster than expected uptake of our newly integrated MFA portfolio, which is already giving our results a real lift. At the same time, our nutritional specialty and vaccine offerings continue to deliver strong, sustained growth across key markets. With this momentum and the progress we're making across the ...
Markel (MKL) - 2025 Q4 - Annual Results
2026-02-04 21:40
Financial Performance - Operating income for 2025 was $3.2 billion, with adjusted operating income exceeding $2.3 billion, reflecting contributions from all reportable segments [3]. - Operating revenues increased by 8% for the fourth quarter and 5% for the full year, reaching $15.5 billion for 2025 compared to $14.8 billion in 2024 [6]. - Adjusted operating income rose by 19% for the fourth quarter and 10% for the year, totaling $2.3 billion for 2025 [6]. - Comprehensive income to shareholders was $2.6 billion for the year, with operating cash flows of $2.8 billion [6]. - Net income attributable to shareholders for the year was $2,107,010, compared to $2,747,022 in 2024, reflecting a decrease [42]. - The net income per common share for 2025 was $169.74, a decrease from $199.69 in 2024 [42]. - Adjusted operating income for the total company rose to $625,894, a 19% increase from $524,536 in the fourth quarter of 2024 [44]. - Adjusted earnings for 2025 are reported at $1,919,489, up from $1,658,385 in 2024 [62]. Insurance Segment Performance - The combined ratio for Markel Insurance improved to 93% for the fourth quarter and 95% for the full year, a three-point and one-point improvement respectively [6]. - The underwriting profit for Markel Insurance increased by 24% to $455.7 million, with a combined ratio of 94.6% [13]. - Earned premiums in the Markel Insurance segment increased to $2,193,514, reflecting a 7% growth from $2,044,294 in the previous year [45]. - The combined ratio for the Markel Insurance segment improved to 92.9% from 95.9% year-over-year, indicating better underwriting performance [45]. - The underwriting profit for Markel Insurance in 2025 is $455,671, an increase from $366,976 in 2024 [69]. - The current accident year loss ratio improved to 61.9%, down from 64.1% in the previous year, indicating better loss management [72]. - The combined ratio improved to 94.6% in 2025 from 95.5% in 2024, demonstrating enhanced underwriting performance [73]. Investment Performance - Net investment income for Markel Insurance rose by 9% to $871.5 million, contributing to overall financial performance [10]. - Net investment income for the year ended December 31, 2025, was $970,427, up from $920,496 in 2024 [42]. - The yield on fixed maturity securities improved to 3.5%, compared to 3.2% in the previous year [28]. - The one-year annual return on equity securities was 10.5%, down from 20.1% in the prior year [28]. - The company reported net investment gains of $1,076,081 for the year, down from $1,807,219 in the previous year [42]. - Net investment income for Markel Insurance was $970,427, up from $920,496 in 2024, marking an increase of about 5.4% [77]. Revenue Growth by Segment - Markel Insurance's gross premium volume increased by 4% to $10.6 billion, driven by growth in personal lines and international professional liability [10]. - Operating revenues for the Industrial segment increased by 4% to $3,928,249, driven by organic growth and a full-year contribution from the Valor Environmental acquisition [20]. - The Financial segment saw a 24% increase in operating revenues to $736,964, with organic revenue growth of 17% attributed to performance fees and higher management fees [23][24]. - Adjusted operating income for the Financial segment rose by 25% to $326,572, benefiting from higher revenues and a minority investment in Velocity Holdco LLC [25]. - The Consumer and Other segment reported a 4% increase in operating revenues to $1,382,912, with organic revenue growth of 1% driven by higher sales volume of ornamental plants [26]. Asset and Capital Management - Total invested assets reached $37.4 billion, up from $34.2 billion, driven by $2.8 billion in operating cash flows and a $1.7 billion increase in the fair value of the investment portfolio [30]. - The company deployed $1.4 billion into net fixed maturity securities purchases and $206.9 million in capital expenditures in 2025 [30]. - Total assets increased to $68,905,000,000 in 2025 from $61,898,000,000 in 2024, reflecting a growth of 12% [52]. - The debt to capital ratio improved to 19% in 2025 from 20% in 2024 [52]. - The balance sheet valuation for 2025 stands at $14,194,435, up from $12,526,791 in 2024 and $10,982,661 in 2023 [64]. - Common shares outstanding decreased to 12,590 in 2025 from 12,790 in 2024 [64]. Operational Efficiency - The total operating expenses for the year increased to $13,394,462, compared to $12,908,201 in 2024 [42]. - The expense ratio for the quarter was 36.7%, a slight increase from 37.2% in the prior year, indicating stable expense management [72]. - The expense ratio for Markel Insurance was 36.1%, compared to 35.5% in 2024, indicating a slight increase in operational costs [73].
Cerence(CRNC) - 2026 Q1 - Quarterly Results
2026-02-04 21:40
Press Release Cerence Delivers Strong Q1 FY26 Results, with Record- Setting Free Cash Flow, Adjusted EBITDA Above Guidance, and Accelerating Technology and Customer Momentum Headlines BURLINGTON, Mass., February 4, 2026 - Cerence Inc. (NASDAQ: CRNC) ("Cerence Al"), a global leader pioneering conversational Al-powered user experiences, today reported its first quarter fiscal year 2026 results for the quarter ended December 31, 2025. "We delivered a strong start to fiscal 2026, with solid revenue performance, ...
U-Haul pany(UHAL_B) - 2026 Q3 - Quarterly Results
2026-02-04 21:39
Financial Performance - U-Haul Holding Company reported a net loss of $37.0 million for Q3 fiscal 2026, compared to a net earnings of $67.2 million in the same period last year, resulting in a loss per share of $0.18 versus earnings of $0.35[1][2]. - For the nine-month period ended December 31, 2025, net earnings available to shareholders were $210.9 million, down from $449.4 million year-over-year, with earnings per share decreasing from $2.31 to $1.09[2]. - The company reported earnings from operations of $508,680, down 32.9% from $758,930 in the same period last year[16]. - Net earnings available to common stockholders for the quarter ending December 31, 2025, were reported at $(36,968) thousand, compared to $67,166 thousand for the same quarter in 2024, indicating a significant decline[40]. - Earnings available to common stockholders for the nine months were $210,913,000, down from $449,381,000, a decrease of 53%[27]. - Basic and diluted earnings per share of Non-Voting Common Stock for the nine months were $1.09, compared to $2.31 in the previous year, a decline of 52.8%[32]. Revenue and Growth - Total consolidated revenue for Q3 fiscal 2026 was $1,415.6 million, up from $1,388.6 million in Q3 fiscal 2025[12]. - Consolidated revenue for the first nine months of fiscal 2026 reached $4,766,000, an increase of 3.7% from $4,595,156 in the same period of fiscal 2025[16]. - Self-storage revenues increased to $725,596, reflecting an increase of 8.7% compared to $667,381 in the previous year[15]. - Self-moving equipment rental revenues rose to $886,170,000, compared to $878,585,000 in the prior year, reflecting an increase of 0.7%[26]. - Self-storage revenues increased to $245,060,000, up from $227,125,000, marking a 7.9% growth year-over-year[26]. Operational Metrics - Moving and Storage earnings from operations decreased by $120.2 million to $7.1 million compared to Q3 fiscal 2025, primarily due to increased losses from equipment disposal and higher liability costs[4]. - Average monthly occupancy rate for self-storage units decreased to 75.6% from 79.9% year-over-year[17]. - The average revenue per occupied square foot for self-storage was $17.40, with a total of 72,642,164 square feet occupied across all locations[18]. - The company owned 847 self-storage units as of December 31, 2025, compared to 781 units a year earlier, representing an increase of 8.4%[17]. Costs and Expenses - Total costs and expenses for the quarter were $1,381,936,000, compared to $1,237,826,000 in the previous year, an increase of 11.6%[26]. - Fleet maintenance and repair costs increased by $13.1 million compared to Q3 fiscal 2025[9]. - Interest expense for the quarter ending December 31, 2025, was $95,555 thousand, an increase from $76,833 thousand in the same quarter of the previous year[40]. - Total depreciation expense for the first nine months was $883,104, a significant increase of 22.9% from $718,755 in the prior year[17]. Assets and Investments - The total assets of the company as of December 31, 2025, were $21,617,644, an increase from $20,479,170 as of March 31, 2025[23]. - Cash and cash equivalents increased to $1,032,257 from $988,828, showing a growth of 4.4%[23]. - Total property, plant, and equipment, net increased to $16,227,373 thousand as of December 31, 2025, up from $15,251,298 thousand year-over-year, representing a growth of approximately 6.4%[35]. - The total cost of property, plant, and equipment at cost was $22,844,026 thousand as of December 31, 2025, compared to $21,372,286 thousand a year earlier, marking an increase of about 6.9%[35]. Strategic Initiatives - U-Haul added 16 new storage locations with 1.5 million net rentable square feet during Q3 fiscal 2026, with approximately 12.9 million NRSF in development or pending[4]. - The company anticipates improving market penetration in U-Move and aims to differentiate itself in the self-storage market to enhance top-line revenue[3].
U-Haul pany(UHAL) - 2026 Q3 - Quarterly Results
2026-02-04 21:39
For the nine-month period ended December 31, 2025, net earnings available to shareholders were $210.9 million compared with net earnings of $449.4 million for the same period last year. Earnings per share for Non- Voting Shares (UHAL.B) were $1.09 for the nine-month period of fiscal 2026 compared to $2.31 for the same period in fiscal 2025. Contact: Sebastien Reyes Director of Investor Relations U-Haul Holding Company (602) 263-6601 Sebastien_Reyes@uhaul.com U-HAUL HOLDING COMPANY REPORTS THIRD QUARTER FISC ...
StoneX(SNEX) - 2026 Q1 - Quarterly Report
2026-02-04 21:37
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________ FORM 10-Q ____________________ (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 Commission File Number 000-23554 StoneX Group Inc. (Exact name of registrant as specified in ...
Modine Manufacturing pany(MOD) - 2026 Q3 - Quarterly Results
2026-02-04 21:36
Financial Performance - Net sales increased by 31% to $805.0 million, compared to $616.8 million in the prior year, driven by strong demand in the Climate Solutions segment [3]. - Adjusted EBITDA increased by 37% to $119.6 million, up from $87.3 million in the prior year [7]. - Adjusted earnings per share rose by 29% to $1.19, compared to $0.92 in the prior year [8]. - In Q3 2025, net sales increased to $805.0 million, up 30.5% from $616.8 million in Q3 2024, while net sales for the nine months ended December 31, 2025, reached $2,226.7 million, a 15% increase from $1,936.3 million in the same period last year [25]. - Adjusted EBITDA for the nine months ended December 31, 2025, was $324.8 million, up from $288.0 million in the same period last year, reflecting improved operational performance [29]. - Adjusted EBITDA for Q3 fiscal 2026 was $119.6 million, with an adjusted EBITDA margin of 14.9% [32]. Segment Performance - Climate Solutions segment sales reached $544.6 million, a 51% increase from $360.8 million one year ago, with data center sales up 78% [13]. - Organic sales growth for Climate Solutions was 36% in Q3 fiscal 2026, while Performance Technologies remained flat [36]. - The company plans to raise its multi-year outlook for Data Center sales to 50% to 70% annual growth over the next two years [12]. Losses and Charges - The company reported a net loss of $46.8 million, including a $116.1 million non-cash pension termination charge [5]. - The company incurred a pension termination charge of $116.1 million in Q3 2025, impacting overall earnings significantly [29]. - A non-cash pension termination charge of $116.1 million was recognized in Q3 fiscal 2026, with a tax benefit of $13.1 million associated with this charge [30]. - The provisions of the One Big Beautiful Bill Act negatively impacted the Company's income tax expense by $0.6 million in Q3 fiscal 2026 [30]. Expenses and Debt - Selling, general and administrative expenses increased by $7.3 million to $89.3 million, primarily due to higher spending to support growth and acquisitions [6]. - Total debt as of December 31, 2025, was $615.8 million, with net debt increasing by $237.9 million to $517.1 million [11]. - Total debt as of December 31, 2025, was $615.8 million, with net debt of $517.1 million after accounting for cash and cash equivalents [34]. - For fiscal 2026, the company estimates adjusted EBITDA guidance, excluding significant cash and non-cash expenses, with interest expense projected at approximately $30 to $34 million and income tax provision at approximately $72 to $76 million [24]. Cash Flow and Investments - Cash and cash equivalents increased to $98.7 million as of December 31, 2025, from $71.6 million at the end of March 2025 [26]. - Net cash provided by operating activities for the nine months ended December 31, 2025, was $53.8 million, down from $158.5 million in the same period last year [27]. - The company invested $182.4 million in business acquisitions during the nine months ended December 31, 2025, compared to $3.4 million in the same period last year, indicating a strategic focus on growth through acquisitions [27]. - Free cash flow for the three months ended December 31, 2025, was $(17.1) million, compared to $44.7 million in the same period of 2024 [35]. Asset Growth - Total assets rose to $2,482.9 million as of December 31, 2025, compared to $1,917.6 million as of March 31, 2025, indicating strong growth in the company's asset base [26].
Gladstone Capital (GLAD) - 2026 Q1 - Quarterly Results
2026-02-04 21:36
Exhibit 99.1 First Fiscal Quarter 2026 Results: Total investment income increased by $0.6 million, or 2.4%, for the quarter ended December 31, 2025, compared to the prior quarter ended September 30, 2025, driven primarily by a $0.1 million increase in interest income, quarter over quarter, and $0.4 million increase in other income. Interest income increased by $0.1 million, or 0.5%, quarter over quarter. The primary reason for the increase was an increase in the weighted average principal balance of our int ...
Victory Capital(VCTR) - 2025 Q4 - Annual Results
2026-02-04 21:34
Financial Performance - Fourth-quarter revenue increased 61.0% to $374.1 million compared to $232.4 million in the same quarter of 2024, driven by higher average AUM[20] - GAAP net income for the fourth quarter rose 16.9% to $112.8 million, or $1.32 per diluted share, up from $96.5 million, or $1.11 per diluted share, in the prior quarter[18] - Adjusted net income with tax benefit increased 59.5% to $151.7 million, or $1.78 per diluted share, compared to $95.1 million, or $1.45 per diluted share, in the same quarter last year[21] - Total revenue for the year ended December 31, 2025, increased 46.2% to $1.3 billion compared to $893.5 million in 2024[23] - Net income attributable to common shareholders for the year ended December 31, 2025, was $270.151 million, compared to $288.864 million in 2024, indicating a decrease of 6.5%[35] - Basic earnings per share for the year ended December 31, 2025, was $4.13, down from $4.47 in 2024, a decline of 7.6%[35] Assets Under Management (AUM) - Total client assets reached $316.6 billion, with assets under management (AUM) at $313.8 billion, an increase of $3.2 billion from the previous quarter[15] - Total assets under management (AUM) increased to $313,775 million as of December 31, 2025, up from $310,644 million at September 30, 2025, and significantly higher than $171,930 million at December 31, 2024[46] - The average total client assets for the year ended December 31, 2025, was $272.134 million, compared to $174.542 million in 2024[42] - The company reported a beginning AUM of $30.584 billion for U.S. Mid Cap Equity and $14.785 billion for U.S. Small Cap Equity as of December 31, 2025[58] - As of December 31, 2025, total assets under management (AUM) reached $313.77 billion, an increase from $171.93 billion at the beginning of the year[70] Cash Flows - Long-term gross flows for the fourth quarter were $17.1 billion, while long-term net flows were negative at ($2.1) billion[9] - Gross client cash inflows for the year ended December 31, 2025, were $59,985 million, compared to $26,167 million for the year ended December 31, 2024, reflecting a substantial increase[46] - Gross client cash inflows for the year ended December 31, 2025, totaled $21.916 billion, while gross client cash outflows were $21.441 billion, resulting in net client cash flows of $475 million[58] - The company experienced a net cash outflow of $4.456 million in AUM for the year ended December 31, 2025[42] - For the three months ended December 31, 2025, net client cash flows were negative at $(2.111) billion, with gross inflows of $17.472 billion and outflows of $19.583 billion[66] Expenses and Margins - The adjusted EBITDA margin for the fourth quarter was 52.8%, reflecting a 10 basis point increase from the previous quarter[19] - The company reported a GAAP operating margin of 40.9% for the fourth quarter, an increase of 270 basis points from the previous quarter[18] - Personnel compensation and benefits expenses increased to $362.991 million for the year ended December 31, 2025, from $217.214 million in 2024, a rise of 67.1%[35] - Total operating expenses for the year ended December 31, 2025, were $827.708 million, compared to $465.963 million in 2024, an increase of 77.5%[35] Market Performance - Market appreciation for the year ended December 31, 2025, was $37,742 million, compared to $18,100 million for the year ended December 31, 2024, indicating strong market performance[46] - The company experienced a market depreciation of $(2.237) million for the year ended December 31, 2024, indicating challenges in the previous year[66] - The company reported a market appreciation of $6.273 million in total client assets for the three months ended December 31, 2025[42] - Market appreciation contributed $37.742 billion to the AUM for the year ended December 31, 2025[70] Strategic Initiatives - The company achieved $97 million in net expense synergies from the integration of Pioneer Investments, with an additional $13 million expected in 2026[6] - The company plans to continue developing new teams and strategies to enhance its investment offerings and market position[31] - The company plans to continue expanding its market presence, particularly following the acquisition of Pioneer Investments, which added $114.6 billion to AUM[44] - The company plans to continue expanding its market presence and product offerings, leveraging the recent acquisition to enhance its competitive position[59] Risks and Considerations - Victory Capital's forward-looking statements indicate potential risks including market conditions and client withdrawals, which could impact future performance[31] - The impact of divested assets from the closure of three investment franchises was approximately $1 billion for the three months ended September 30, 2025[55] Non-GAAP Measures - Adjusted EBITDA and Adjusted Net Income are used to measure the operating profitability of the company, eliminating one-time acquisition and restructuring costs[74] - The tax benefit from amortization of acquired intangible assets and goodwill provides significant supplemental economic benefits to the company[75] - The company emphasizes the importance of non-GAAP financial measures to provide investors with insights into ongoing operating performance[74] - Adjustments to GAAP Net Income for calculating Adjusted EBITDA include adding back various expenses such as income tax, interest, and stock-based compensation[76]