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Wolfspeed(WOLF) - 2026 Q2 - Quarterly Results
2026-02-04 21:47
Exhibit 99.1 Wolfspeed Reports Financial Results for the Second Quarter of Fiscal 2026 AI Datacenter Revenue up 50% QoQ $200 Million Annualized Operating Expense Reduction Compared to Q2 FY 2025 Capital Expenditures Down by 90% Year over Year Strong Balance Sheet Ending with $1.3 Billion in Cash, Cash Equivalents and Short-term Investments DURHAM, N.C. February 04, 2026 -- Wolfspeed, Inc. (NYSE: WOLF) today announced its results for the second quarter of fiscal 2026. Business Highlights Quarterly Financial ...
Globe Life(GL) - 2025 Q4 - Annual Results
2026-02-04 21:45
Financial Performance - Net income for Q4 2025 was $3.29 per diluted common share, an increase of 9.3% from $3.01 in Q4 2024[2] - Net operating income for Q4 2025 was $3.39 per diluted common share, up 8% from $3.14 in Q4 2024[2] - For the full year 2025, net income was $14.07 per diluted common share, a rise of 17.8% from $11.94 in 2024[3] - Full year net operating income increased 17% to $14.52 per diluted common share from $12.37 in 2024[3] - Net income for Q4 2025 was $266,083,000, representing a 4.5% increase from $255,196,000 in Q4 2024[61] - Basic net income per common share for Q4 2025 was $3.35, up from $3.04 in Q4 2024, reflecting a 10.2% increase[61] - Total revenue for Q4 2025 was $1,519,621,000, compared to $1,466,277,000 in Q4 2024, marking an increase of 3.6%[61] Insurance Sales and Premiums - Life net sales at the American Income Life Division increased by 10% year-over-year, while life premiums rose by 6%[6] - Health net sales at the Family Heritage Division surged 15%, with premiums increasing by 10% compared to the previous year[6] - Total insurance premium revenue for Q4 2025 was $1.24 billion, a 5% increase from $1.18 billion in Q4 2024[20] - Total life premium for Q4 2025 reached $849.58 million, a 3% increase from $822.96 million in Q4 2024[28] - Life net sales for Q4 2025 were $161.15 million, reflecting an 11% increase compared to $144.93 million in Q4 2024[28] - Health premium for Q4 2025 was $392.34 million, a 9% increase from $358.31 million in Q4 2024[31] - Total health net sales for Q4 2025 were $125.79 million, a 71% increase from $73.64 million in Q4 2024[31] - Total premium revenue for the year ended December 31, 2025, was $4,890,220,000, a 4.8% increase compared to $4,666,272,000 in 2024[61] Investment and Expenses - Excess investment income for Q4 2025 was $30.81 million, down 20% from $38.33 million in Q4 2024[37] - The company reported a net investment income of $281,402,000 for Q4 2025, slightly down from $282,453,000 in Q4 2024[61] - The amortization of deferred acquisition costs for Q4 2025 was $116,770,000, compared to $104,298,000 in Q4 2024, indicating a 12% increase[61] - The ratio of administrative expenses to premium was 7.4%, down from 7.7% in the year-ago quarter[23] Shareholder Actions - The company repurchased 1.3 million shares at a total cost of $170 million during Q4 2025, with an average share price of $134.44[51] Future Projections - Globe Life projects net operating income for 2026 to be between $14.95 and $15.65 per diluted common share, an increase from previous guidance[53] Agent Performance - The average producing agent count at the Liberty National Division grew by 6% year-over-year[6] - The average producing agent count for American Income decreased by 2% to 11,699 in Q4 2025 compared to 11,926 in Q4 2024[33] Investment Portfolio - The investment portfolio at book value as of December 31, 2025, totaled $20.47 billion, with fixed maturities making up 86% of the total[41] - The company’s average invested assets increased by 1% while net investment income remained relatively flat[38] Realized Gains and Losses - The company experienced realized losses of $4,312,000 in Q4 2025, contrasting with realized gains of $2,392,000 in Q4 2024[61]
International Media Acquisition (IMAQ) - 2026 Q3 - Quarterly Report
2026-02-04 21:45
(Exact name of registrant as specified in its charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission File Number 001-40687 INTERNATIONAL MEDIA ACQUISITION CORP. (State or other ...
Standex(SXI) - 2026 Q2 - Quarterly Results
2026-02-04 21:43
Exhibit 99 | Summary Financial Results - Total | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | ($M except EPS and Dividends) | | 2Q26 | | 2Q25 | | 1Q26 | Y/Y | Q/Q | | Net Sales | $ | 221.3 | $ | 189.8 | $ | 217.4 | 16.6% | 1.8% | | Operating Income – GAAP | $ | 35.6 | $ | 8.5 | $ | 29.6 | 320.3% | 20.0% | | Operating Income – Adjusted | $ | 42.2 | $ | 35.5 | $ | 41.6 | 18.9% | 1.4% | | Operating Margin % - GAAP | | 16.1% | | 4.5% | | 13.6% | + 1160 bps | + 250 bps | | Operating ...
Essex Property Trust(ESS) - 2025 Q4 - Annual Results
2026-02-04 21:43
Financial Performance - Reported Net Income per diluted share for Q4 2025 was $1.25, down 68.8% from $4.00 in Q4 2024; full-year Net Income per diluted share was $10.40, a decrease of 9.9% from $11.54 in 2024[9] - For the three months ended December 31, 2025, net income available to common stockholders was $80.573 million, compared to $257.453 million for the same period in 2024[44] - Net income available to common stockholders for the twelve months ended December 31, 2025, was $669.7 million, compared to $741.5 million for the same period in 2024, reflecting a decrease of 9.7%[59] - Earnings from operations for Q4 2025 were $152.1 million, down from $304.5 million in Q4 2024, indicating a decline of 50%[59] - Net income per share - basic for Q4 2025 was $1.25, compared to $4.01 in Q4 2024, a decrease of 68.8%[59] Funds from Operations (FFO) - Core FFO per diluted share increased by 1.5% in Q4 2025 compared to Q4 2024, and by 2.2% for the full year, driven by same-property revenue growth[9] - Funds from operations (FFO) attributable to common stockholders and unitholders for Q4 2025 was $262.977 million, a 6.9% increase from $246.014 million in Q4 2024[62] - FFO per share-diluted increased by 6.8% to $3.94 in Q4 2025, compared to $3.69 in Q4 2024[62] - Total FFO for the twelve months ended December 31, 2025, was $1.065136 billion, slightly up from $1.063878 billion in 2024[44] - Core FFO attributable to common stockholders and unitholders for the twelve months ended December 31, 2025, was $1.063 billion, slightly up from $1.064 billion in 2024[62] Revenue and Growth - Same-property revenue and NOI grew by 3.8% in Q4 2025 compared to Q4 2024, and by 3.3% and 3.2% respectively for the full year, exceeding original guidance[9] - Rental and other property revenues for Q4 2025 were $477.3 million, up from $452.1 million in Q4 2024, representing a 5.5% increase[59] - In Q4 2025, same-property gross revenues increased by 3.8% to $414.848 million compared to $399.520 million in Q4 2024[86] - Year-to-date (YTD) gross revenues for 2025 reached $1.643 billion, reflecting a 3.3% increase from $1.590 billion in 2024[88] - The average monthly rental rate for same-properties rose by 2.3% to $2,720 in Q4 2025 from $2,660 in Q4 2024[86] Acquisitions and Dispositions - The company acquired seven apartment communities for a total of $829.4 million and disposed of five for $563.8 million in 2025[9] - The total number of apartment community acquisitions in 2025 was 1,523 homes, with a total contract price of $829,375,000, averaging $534 per apartment home[101] - The company disposed of 1,230 homes in 2025, with a total contract price of $563,805,000, averaging $496 per apartment home[101] Capital Expenditures - The company plans approximately $100 million in revenue-generating capital expenditures for 2026[26] - Total revenue generating capital expenditures for Q4 2025 amounted to $21,836,000, with same-property portfolio expenditures at $20,193,000[94] - The average capital expenditures per apartment home in Q4 2025 was $524, totaling $2,258,000 over the trailing four quarters[94] - The company incurred $28,947,000 in non-revenue generating capital expenditures in Q4 2025, totaling $124,318,000 over the trailing four quarters[94] Debt and Liquidity - As of December 31, 2025, the company had over $1.7 billion in liquidity[21] - Unsecured debt, net, rose to $6.016 billion in 2025, compared to $5.474 billion in 2024, with a weighted average interest rate of 3.7%[68] - Total debt as of December 31, 2025, is $6,800,269,000, with a debt to total assets ratio of 35%[75] - The company’s mortgage notes payable, net, decreased to $784.348 million in 2025 from $989.884 million in 2024[67] Operational Metrics - Financial occupancy rate for Q4 2025 is 96.3%, with delinquency as a percentage of scheduled rent at 0.5%[79] - Same-property net operating income (NOI) for Q4 2025 is $291,217,000, reflecting an operating margin of 70%[79] - Total property operating expenses for Q4 2025 amount to $141,500,000[79] - Total same-property operating expenses for Q4 2025 were $123.631 million, a 3.8% increase from $119.049 million in Q4 2024[89] Future Guidance - 2026 guidance for Core FFO per diluted share is projected to be between $15.69 and $16.19, with a midpoint of $15.94[23] - Estimated same-property revenue growth for 2026 is projected to be between 1.70% and 3.10%, with a midpoint of 2.40%[23] - The company anticipates potential challenges in maintaining occupancy rates and rental demand due to competition and economic conditions, which may impact future performance[54] - The company expects a blended rate growth of 2.5% for 2026, driven by lower supply offsetting soft U.S. job growth[115] Ratings and Compliance - The company holds a Baa1 rating from Moody's and a BBB+ rating from Standard & Poor's, both with a stable outlook[75] - The company’s ability to comply with public bond covenants may be affected by changes in operating and financial performance, which is critical for maintaining financial stability[142]
Alico(ALCO) - 2026 Q1 - Quarterly Report
2026-02-04 21:42
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q þ 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 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: 000-00261 ALICO, INC. (Exact name of registrant as specified in its charter ...
Regional Management(RM) - 2025 Q4 - Annual Results
2026-02-04 21:42
Financial Performance - Fourth quarter net income was $12.9 million, representing a 30.2% increase year-over-year, with diluted earnings per share of $1.30, up 32.7%[6] - Record quarterly total revenue was $169.7 million, up 9.6% from the prior-year period, primarily due to growth in average net finance receivables[7] - Total revenue for Q4 2025 was $169.702 million, a 9.6% increase from $154.832 million in Q4 2024[22] - Net income for Q4 2025 reached $12.909 million, reflecting a 30.2% increase compared to $9.914 million in Q4 2024[22] - Basic net income per share increased to $1.40 in Q4 2025, up 37.3% from $1.02 in Q4 2024[22] - Total revenue for Q4 25 reached $169,702 million, an increase of $14,870 million or 9.6% year-over-year[32] - Net income for Q4 25 was $12,909 million, reflecting a year-over-year increase of $2,995 million or 30.2%[32] Portfolio Growth - Total portfolio grew by 13.1% year-over-year to a record $2.1 billion, driven by strong performance from digital leads and the opening of 17 new branches in 2025[6] - Record total originations reached $537.3 million, an increase of 12.9% from the prior-year period[7] - Total loans originated in Q4 25 amounted to $537.32 million, a 2.9% increase QoQ and a 12.9% increase YoY[29] - Loans originated in FY 25 totaled $1,962,030 million, an increase of $307,519 million or 18.6% compared to FY 24[34] Credit Losses and Delinquency - Provision for credit losses for the fourth quarter was $66.4 million, a 15.2% increase year-over-year, reflecting portfolio growth[7] - Net credit loss rate for the fourth quarter was 11.0%, a 20 basis point increase compared to the prior-year period[7] - Provision for credit losses was $66.38 million, accounting for 12.7% of average net finance receivables[30] - Total delinquency rate was 7.5% in Q4 25, compared to 7.0% in Q3 25[31] - Large loans delinquency rate was 6.3% in Q4 25, while small loans delinquency rate was 11.2%[31] - The net credit loss rate for FY 25 was 11.4%, up from 11.2% in FY 24[35] Assets and Liabilities - Total assets grew to $2,103.930 million, a 10.2% increase from $1,909.100 million in the previous year[24] - Total liabilities rose to $1,730.830 million, an 11.5% increase from $1,552.030 million[24] - Stockholders' equity increased by 4.5% to $373.092 million from $357.078 million[24] - Funded debt-to-equity ratio was 4.4 to 1.0, with a stockholders' equity ratio of 17.7% as of December 31, 2025[12] - The funded debt-to-tangible equity ratio was reported at 4.8x in Q4 25, indicating a stable leverage position[38] Operational Efficiency - Annualized operating expense ratio improved to 12.4%, marking an all-time best, down from 14.0% in the prior-year period[9] - The efficiency ratio improved to 38.0% in Q4 25, down from 41.8% in Q4 24[32] - General and administrative expenses for FY 25 were $257,575 million, representing 39.9% of total revenue, down from 42.1% in FY 24[35] Dividends and Shareholder Returns - The company declared a dividend of $0.30 per common share for the first quarter of 2026, payable on March 12, 2026[8]
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].