Lakeshore Acquisition III Corp(LCCC) - 2025 Q4 - Annual Report
2026-02-04 18:24
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ 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 UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to ________________ Commission file number: 001-42623 Lakeshore Acquisition III Corp. (Exact name of registrant as specified in its charter) Cayman Islands N/A (State ...
Lakeshore Acquisition III Corp Unit(LCCCU) - 2025 Q4 - Annual Report
2026-02-04 18:24
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ 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 UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to ________________ Commission file number: 001-42623 Lakeshore Acquisition III Corp. (Exact name of registrant as specified in its charter) Cayman Islands N/A (State ...
Woodward(WWD) - 2026 Q1 - Quarterly Report
2026-02-04 18:07
Financial Performance - Consolidated net sales for Q1 FY 2026 increased by $223,729, or 29.0%, to $996,454 compared to $772,725 in Q1 FY 2025[147] - Consolidated net earnings for Q1 FY 2026 were $133,719, representing 13.4% of net sales, compared to $87,091, or 11.3% of net sales, in Q1 FY 2025[146] - Consolidated net sales increased by $223,729, or 29.0%, to $996,454 for Q1 FY 2026, compared to $772,725 for Q1 FY 2025[156] - Consolidated net earnings increased by $46,628, or 53.5%, to $133,719 for Q1 FY 2026, compared to $87,091 for Q1 FY 2025[156] - Net earnings for Q4 2025 were $133.719 million, an increase from $87.091 million in Q4 2024, representing a growth of 53.5%[179] - Adjusted net earnings for Q4 2025 were $133.719 million, compared to $82.567 million in Q4 2024, reflecting a year-over-year increase of 61.8%[179] - Adjusted earnings per share for Q4 2025 were $2.17, up from $1.35 in Q4 2024, marking a 60.7% increase[179] - EBITDA for Q4 2025 was $207.832 million, compared to $140.694 million in Q4 2024, indicating a growth of 47.7%[185] - Adjusted EBITDA for Q4 2025 was $207.832 million, up from $134.851 million in Q4 2024, representing a 54.1% increase[185] - EBIT for Q4 2025 was $178.794 million, an increase from $112.818 million in Q4 2024, reflecting a growth of 58.3%[182] Segment Performance - Aerospace segment net sales rose to $634,897, up from $493,882, while Industrial segment net sales increased to $361,557 from $278,843[141] - Aerospace segment net sales increased by $141,015, or 28.6%, to $634,897 for Q1 FY 2026, compared to $493,882 for Q1 FY 2025[157] - Industrial segment net sales increased by $82,714, or 29.7%, to $361,557 for Q1 FY 2026, compared to $278,843 for Q1 FY 2025[162] - Aerospace segment earnings increased by $53,670, or 56.7%, to $148,395 for Q1 FY 2026, compared to $94,725 for Q1 FY 2025[160] - Industrial segment earnings increased by $26,797, or 66.7%, to $66,994 for Q1 FY 2026, compared to $40,197 for Q1 FY 2025[163] Cash Flow and Expenses - Free cash flow for Q1 FY 2026 was $70,308, a significant increase from $942 in Q1 FY 2025, attributed to higher earnings and tax payment timing[144] - Net cash provided by operating activities was $114,437 for Q1 FY 2026, compared to $34,516 for the same period in FY 2025[173] - Net cash used in investing activities increased to $48,329 for Q1 FY 2026, compared to $32,100 for Q1 FY 2025, primarily due to higher capital expenditures[175] - Selling, general, and administrative expenses rose by 36.3% to $94,985, representing 9.5% of net sales, compared to 9.0% in Q1 FY 2025[151] - Research and development costs were $37,756, or 3.8% of net sales, slightly down from 3.9% in Q1 FY 2025[152] Tax and Interest - The effective tax rate for Q1 FY 2026 was 20.9%, up from 14.5% in Q1 FY 2025[141] - The adjusted effective tax rate for Q4 2025 was 20.9%, compared to 14.0% in Q4 2024[180] - Interest expense decreased by $1,997, or 16.2%, to $10,344 for Q1 FY 2026, compared to $12,341 for Q1 FY 2025, with interest expense as a percentage of net sales at 1.0%[153] Operational Changes - The company plans to wind down its on-highway natural gas truck manufacturing operations in China, expecting pre-tax charges of approximately $20,000 to $25,000[139][140] Debt - Net debt borrowings increased to $185,448 in Q1 FY 2026, compared to $40,764 in Q1 FY 2025[176]
Mondelez International(MDLZ) - 2025 Q4 - Annual Report
2026-02-04 17:39
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 1-16483 Mondelēz International, Inc. (Exact name of registrant as specified in its charter) (State or other ju ...
Manhattan Associates(MANH) - 2025 Q4 - Annual Report
2026-02-04 17:38
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: 000-23999 Manhattan Associates, Inc. (Exact name of registrant as specified in its charter) | Georgia | | | --- | --- | | (State or othe ...
Powell(POWL) - 2026 Q1 - Quarterly Report
2026-02-04 17:26
Financial Performance - In Q1 Fiscal 2026, the company reported revenues of $251.2 million, a 4% increase from the previous year, with net income of $41.4 million, or $3.40 per diluted share[105][119]. - Gross profit increased by 20% to $71.4 million, with gross profit margin rising to 28% from 25% year-over-year[116]. - Revenue from the electric utility market rose by 35% to $69.3 million, while revenue from the oil and gas market increased by 2% to $97.9 million[115]. - International revenues increased by 29% to $56.3 million, primarily due to increased activities in the Middle East, Africa, and Asia/Pacific regions[114]. Order and Backlog - The order backlog increased to $1.6 billion as of December 31, 2025, a 14% increase from $1.4 billion at September 30, 2025, with 32% from oil and gas, 30% from electric utility, and 22% from commercial and other industrial markets[120]. - Bookings increased by 63% in Q1 Fiscal 2026 to $438.8 million, compared to $268.6 million in Q1 Fiscal 2025, driven by improved activity in the commercial and other industrial market[121]. Expenses and Cash Flow - Selling, general and administrative expenses rose by 17% to $25.2 million, representing 10% of revenues, up from 9% in the previous year[117]. - Cash, cash equivalents, and short-term investments increased to $500.8 million as of December 31, 2025, from $475.5 million at September 30, 2025[123]. - Operating activities generated net cash of $43.6 million in Q1 Fiscal 2026, compared to $37.1 million in the same period of Fiscal 2025[129]. Strategic Focus - The company is focused on managing product pricing and improving factory efficiencies to mitigate supply chain challenges and rising costs[113]. Accounting and Risk - No material changes to critical accounting policies since the Annual Report for the fiscal year ended September 30, 2025[133]. - No material changes to market risks as of and for the three months ended December 31, 2025, compared to previous reports[134]. - Financial statements prepared in accordance with U.S. GAAP, requiring management estimates and assumptions affecting reported amounts[132].
MGM Resorts International(MGM) - 2025 Q4 - Annual Results
2026-02-05 21:14
Exhibit 99.1 MGM Resorts International | | | Three Months Ended | | | | Twelve Months Ended | | | --- | --- | --- | --- | --- | --- | --- | --- | | | December 31, | | December 31, | | December 31, | | December 31, | | | 2025 | | 2024 | | 2025 | | 2024 | | Revenues | | | | | | | | | Casino | $ 2,574,945 | | $ 2,210,746 | | $ 9,450,887 | | $ 8,785,649 | | Rooms | 858,355 | | 942,654 | | 3,377,400 | | 3,681,617 | | Food and beverage | 749,016 | | 751,868 | | 3,045,965 | | 3,078,731 | | Entertainment, retail an ...
Brandywine Realty Trust(BDN) - 2025 Q4 - Annual Results
2026-02-04 17:14
Exhibit 99.1 Company / Investor Contact: Tom Wirth EVP & CFO 610-832-7434 tom.wirth@bdnreit.com Brandywine Realty Trust Announces Fourth Quarter, Full Year 2025 Results and Initiates 2026 Guidance Philadelphia, PA, February 3, 2026 - Brandywine Realty Trust (NYSE:BDN) today reported its financial and operating results for the three and twelve-month periods ended December 31, 2025. Management Comments "We achieved many of our full year 2025 business plan objectives including tenant retention, same store NOI ...
Johnson Controls(JCI) - 2026 Q1 - Quarterly Report
2026-02-04 15:34
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ 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: 001-13836 JOHNSON CONTROLS INTERNATIONAL PLC (Exact name of registrant as specified in its charter) One Albert Quay, Cork, Irel ...
GSK(GSK) - 2025 Q4 - Annual Report
2026-02-04 15:10
Financial Performance - Total sales for 2025 reached £32.7 billion, representing a 4% increase at AER and a 7% increase at CER[6] - Total operating profit surged to £7.9 billion, reflecting a growth of over 100% due to lower legal expenses and higher operating income[6] - Core operating profit increased by 11% to £9.8 billion, driven by growth in Specialty Medicines and Vaccines, alongside improved SG&A productivity[6] - GSK expects 2026 turnover growth between 3% to 5%, with core operating profit and core EPS both anticipated to grow by 7% to 9%[9] - Total turnover for 2025 reached £32,667 million, representing a 4% increase at AER and a 7% increase at CER, with Q4 2025 turnover at £8,618 million, up 6% at AER and 8% at CER[48] - Operating profit for 2025 was £7,932 million, a significant increase of 97% at AER and over 100% at CER, with Q4 2025 operating profit at £1,100 million, up 58% at AER and 65% at CER[63] - Core operating profit for 2025 was £9,783 million, reflecting a 7% increase at AER and an 11% increase at CER, with Q4 2025 core operating profit at £1,634 million, up 14% at AER and 18% at CER[50] - Total earnings per share (EPS) for 2025 was 141.1p, showing a greater than 100% increase, while Q4 2025 EPS was 15.8p, up 56%[69] - Core EPS for 2025 was 172.0p, an 8% increase, with Q4 2025 Core EPS at 25.5p, up 10%[69] Sales Growth by Segment - Specialty Medicines sales grew to £13.5 billion, up 17%, with significant contributions from Oncology (+43%) and Respiratory, Immunology & Inflammation (+18%)[6] - Respiratory, Immunology & Inflammation sales reached £3,810 million in 2025, growing by 15% year-over-year and 18% in Q4 2025, driven by Nucala and Benlysta[23] - Nucala sales grew at a double-digit rate globally, with US sales accelerating in Q4 2025 following its recent launch in COPD, despite ongoing pricing pressures[24] - Benlysta sales totaled £1,773 million in 2025, reflecting a 19% increase year-over-year and a 22% increase in Q4 2025, driven by strong demand and volume growth[25] - Oncology sales reached £1,977 million in 2025, with a 40% year-over-year growth, primarily driven by Jemperli and Ojjaara/Omjjara[26] - Jemperli sales grew to £861 million in 2025, marking an 84% increase year-over-year, supported by FDA and EMA approvals expanding its indication[27] - Vaccines sales totaled £9,157 million in 2025, with a 2% increase year-over-year, driven by strong demand for Shingrix and Meningitis vaccines[30] - Shingrix sales grew by 42% in Europe for the year, reflecting strong uptake and expanded public funding across several countries[31] - US sales of Shingrix decreased by 17% in 2025 due to challenges in activating unvaccinated consumers, with a cumulative immunization rate of 44%[33] - General Medicines sales were £10,036 million in 2025, reflecting a 4% decline year-over-year, with Trelegy sales growing by 11%[37] Research and Development - Research and development expenses totaled £7,525 million for 2025, an 18% increase at AER and 19% at CER, with Q4 2025 R&D expenses at £2,350 million, up 16% at AER and 17% at CER[55] - Five major FDA approvals were achieved in 2025, including Blenrep and Nucala for COPD, enhancing the product pipeline[10] - GSK has submitted regulatory applications for multiple products, including bepirovirsen for chronic hepatitis B in the US, EU, CN, and JP[89] - Anticipated pipeline milestones include regulatory decisions for depemokimab in H1 2026, indicating ongoing investment in R&D[88] - GSK completed the acquisition of IDRx, Inc. for a total consideration of US$1.1 billion (£840 million) and potential additional payments of up to US$150 million (£119 million) based on regulatory milestones[194] - GSK acquired BP Asset IX, Inc. for US$1.2 billion (£906 million) with additional success-based regulatory milestone payments of up to US$800 million (£588 million)[195] Shareholder Returns and Financial Management - GSK has initiated a £2 billion share buyback program, with £1.4 billion executed to date[14] - The company declared a dividend of 18p for Q4 2025 and expects to increase it to 70p for the full year 2026[13] - Cash generated from operations for 2025 was £8,943 million, an increase from £7,861 million in 2024, with Q4 2025 cash generation at £2,689 million[73] - Free cash inflow for 2025 was £4,029 million, a 41% increase from £2,863 million in 2024, with Q4 2025 free cash inflow at £960 million[77] - Dividends paid to shareholders increased to £2,564 million in 2025 from £2,444 million in 2024, a rise of 4.9%[141] Legal and Regulatory Matters - The effective tax rate for total results was 15.0% for 2025, while the core tax rate was 17.1%[66] - The Group's aggregate provision for legal and other disputes was £210 million as of 31 December 2025, a decrease from £1,446 million in 2024[160] - Significant legal charges and divestments included £367 million ($500 million) from settlements related to mRNA patent issues[123] Corporate Social Responsibility and Sustainability - GSK's commitment to responsible business includes making vaccines and medicines available at sustainable prices, with a focus on underserved populations[92] - GSK has pledged £6 million to the Global Fund to strengthen community-led responses to HIV, tuberculosis, and malaria, matched by the Gates Foundation for a total of £12 million[96] - GSK retained its position on the CDP 2025 A List for Climate Change and Water, ranking in the top 4% of companies assessed[96] - GSK's commitment to a net zero, nature-positive planet includes ambitious goals set for 2030 and 2045[92] Financial Position and Assets - Total assets increased to £61,118 million in 2025, up from £59,463 million in 2024, representing a growth of 2.8%[138] - Total equity increased to £15,956 million in 2025, up from £13,086 million in 2024, representing a growth of 21.6%[138] - Cash and cash equivalents at the end of 2025 were £3,397 million, down from £3,870 million at the end of 2024, a decrease of 12.2%[142] - The net surplus on the Group's pension plans improved to £229 million at 31 December 2025 from a net deficit of £103 million at 31 December 2024[188] Market Position and Future Outlook - GSK's 2031 sales outlook is projected to exceed £40 billion, supported by ongoing R&D investments and product launches[10] - The company plans to continue expanding its product offerings and market presence, focusing on innovative therapies and strategic acquisitions[143]