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Compass Minerals(CMP) - 2026 Q1 - Quarterly Results
2026-02-04 21:53
Exhibit 99.1 FOR IMMEDIATE RELEASE Compass Minerals Reports Fiscal 2026 First-Quarter Results OVERLAND PARK, Kan. (Feb. 4, 2026) - Compass Minerals (NYSE: CMP), a leading global provider of essential minerals, today reported fiscal 2026 first-quarter results. Unless otherwise noted, it should be assumed that time periods referenced below are on a fiscal-year basis and financial amounts are in U.S. dollars. MANAGEMENT COMMENTARY "Compass Minerals delivered a strong opening quarter to fiscal 2026. Robust wint ...
Chipotle Mexican Grill(CMG) - 2025 Q4 - Annual Report
2026-02-04 21:51
Revenue Performance - Total revenue increased by 5.4% to $11.9 billion for the year ended December 31, 2025[112]. - Comparable restaurant sales decreased by 1.7%, attributed to a 2.9% decline in transactions, partially offset by a 1.2% increase in average check[110]. - Digital sales accounted for 36.7% of total food and beverage revenue[110]. Restaurant Expansion - The company opened 334 new company-owned restaurants in 2025, including 257 with a Chipotlane, and plans to open approximately 350 to 370 restaurants in 2026[111]. Cost Analysis - Labor costs rose by 7.2% to $2.99 billion, representing 25.1% of total revenue, influenced by lower sales volumes and wage inflation[121]. - Food, beverage, and packaging costs increased by 4.5% to $3.53 billion, making up 29.6% of total revenue, with a 0.2% decrease as a percentage of total revenue due to menu price increases[119]. - Occupancy costs increased by 10.9% to $624.9 million, representing 5.2% of total revenue, primarily due to lower sales volumes[122]. - Other operating costs rose by 11.9% to $1.76 billion, accounting for 14.7% of total revenue, driven by higher marketing expenses and inflation[123]. - General and administrative expenses decreased by 6.5% to $652 million, representing 5.5% of total revenue[124]. Future Outlook - For 2026, management anticipates comparable restaurant sales to be about flat[110]. - The company expects to incur approximately $531.8 million in capital expenditures related to new restaurant construction in 2026[135]. Depreciation and Amortization - Depreciation and amortization for the year ended December 31, 2025, was $361.4 million, an increase of 7.9% from $335.0 million in 2024, remaining flat at 3.0% of total revenue[126]. Income and Taxes - Interest and other income, net decreased by 21.5% to $73.7 million in 2025 from $93.9 million in 2024, representing 0.6% of total revenue[127]. - Provision for income taxes was $473.8 million in 2025, a slight decrease of 0.5% from $476.1 million in 2024, with an effective income tax rate of 23.6%[128]. Cash Flow and Capital Expenditures - Cash provided by operating activities was $2.1 billion for the year ended December 31, 2025, unchanged from 2024[137]. - Cash used in investing activities decreased significantly to $35.1 million in 2025 from $837.5 million in 2024, primarily due to a decrease in investment purchases[138]. - Cash used in financing activities increased to $2.5 billion in 2025 from $1.1 billion in 2024, mainly due to increased repurchases of common stock by $1.4 billion[139]. - Total capital expenditures for 2025 were $666.3 million, with an expected increase to approximately $834.1 million in 2026[135]. - As of December 31, 2025, the company had a cash and marketable investments balance of $1.1 billion and $1.7 billion available for share repurchases[131]. - The company had $500.0 million of undrawn borrowing capacity under a revolving credit facility as of December 31, 2025[132].
Kimball Electronics(KE) - 2026 Q2 - Quarterly Results
2026-02-04 21:50
Exhibit 99.1 KIMBALL ELECTRONICS REPORTS Q2 RESULTS; WITH STRONG SALES GROWTH IN THE MEDICAL VERTICAL; COMPANY RAISES ITS GUIDANCE FOR FISCAL 2026 JASPER, Ind., February 4, 2026 -- (BUSINESS WIRE) -- Kimball Electronics, Inc. (Nasdaq: KE) today announced financial results for the second quarter ended December 31, 2025. "I'm pleased with the results for the second quarter and our updated guidance for fiscal 2026. Sales in Q2 were in line with expectations, highlighted by another quarter of strong double- dig ...
Matrix Service pany(MTRX) - 2026 Q2 - Quarterly Results
2026-02-04 21:50
Revenue Performance - Revenue for Q2 FY2026 was $210.5 million, a 12% increase from $187.2 million in Q2 FY2025[6]. - Total revenue for the three months ended December 31, 2025, was $210,508 thousand, a 12.4% increase compared to $187,169 thousand for the same period in 2024[39]. - Revenue recognized for the six months ended December 31, 2025, was $422,392, with project awards totaling $364,316[43]. Profitability and Loss - Net loss per share improved to $(0.03) from $(0.20) in the prior year[9]. - The company reported a net loss of $894 thousand for the three months ended December 31, 2025, an improvement from a net loss of $5,533 thousand in the same period of 2024[37]. - Adjusted net loss for the three months ended December 31, 2025, was $(692), compared to a reported net loss of $(894)[48]. - Adjusted EBITDA for Q2 FY2026 was $2.4 million, compared to $(2.2) million in Q2 FY2025[9]. - Adjusted EBITDA for the three months ended December 31, 2025, was $2,420, a significant improvement from an adjusted EBITDA of $(2,183) for the same period in 2024[52]. Costs and Expenses - SG&A expenses decreased to $15.1 million from $17.3 million in the prior year, primarily due to cost reductions from organizational realignment[8]. - The company incurred restructuring costs of $202 thousand for the three months ended December 31, 2025, compared to $6,640 thousand in operating losses for the same period in 2024[39]. - Interest expense for the three months ended December 31, 2025, was $118, while interest income was $(1,543)[52]. - Depreciation and amortization for the three months ended December 31, 2025, amounted to $2,232[52]. Backlog and Project Awards - Total backlog as of December 31, 2025, was $1.1 billion, with project awards totaling $176.6 million in Q2 FY2026, resulting in a book-to-bill ratio of 0.8x[13]. - Backlog as of December 31, 2025, totaled $1,127,073, a decrease from $1,161,020 as of September 30, 2025[42]. - Project awards for the three months ended December 31, 2025, amounted to $176,561, while revenue recognized during the same period was $210,508, resulting in a book-to-bill ratio of 0.8x[42]. - The company’s total backlog includes only amounts expected to be recognized as revenue over the next 12 months for long-term maintenance contracts[41]. Financial Position - Total liquidity as of December 31, 2025, was $257.6 million, with no outstanding debt[17]. - Total assets increased to $650,204 thousand as of December 31, 2025, up from $600,256 thousand on June 30, 2025, representing an 8.5% growth[33]. - Cash and cash equivalents at the end of the period were $223,964 thousand, up from $181,777 thousand at the end of December 31, 2024, marking a 23.2% increase[37]. - Accounts receivable increased to $205,948 thousand as of December 31, 2025, compared to $154,994 thousand on June 30, 2025, a 32.8% rise[33]. - Total current liabilities rose to $495,143 thousand as of December 31, 2025, from $436,375 thousand on June 30, 2025, reflecting a 13.5% increase[35]. Guidance and Outlook - The company reaffirmed its full-year revenue guidance for FY2026, expecting revenue between $875 million and $925 million, representing a 14% to 20% increase from FY2025[19][20]. - The opportunity pipeline stands at $7.3 billion, reflecting strong long-term demand in energy and industrial infrastructure[3].
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 ...