Workflow
Blue Bird(BLBD) - 2026 Q1 - Quarterly Results
2026-02-04 21:28
BLUE BIRD REPORTS FISCAL 2026 FIRST QUARTER RESULTS Net Sales of $333M and GAAP Net Income of $31M Adj. EBITDA of $50M with 15% Margin and 2,135 Buses Sold FY2026 Adj. EBITDA Guidance Raised MACON, Ga. (February 4, 2026) – Blue Bird Corporation ("Blue Bird") (Nasdaq: BLBD), the leader in electric and low-emission school buses, announced today its fiscal 2026 first quarter financial results. Highlights | (in millions except Unit Sales and EPS data) | | Three Months Ended December 27, 2025 | | B/(W) Prior Yea ...
Black Hills (BKH) - 2025 Q4 - Annual Results
2026-02-04 21:28
Financial Performance - Black Hills Corp. reported a net income of $104.9 million for Q4 2025, compared to $98.1 million in Q4 2024, and a full-year net income of $291.6 million, up from $273.1 million in 2024[1][2]. - The GAAP EPS for 2025 was $3.98, an increase of 1.8% from $3.91 in 2024, while the adjusted EPS was $4.10, reflecting a 5% increase compared to the previous year[2][6]. - Revenue for the three months ended Dec. 31, 2025, was $635.5 million, an increase of 6.8% compared to $597.1 million for the same period in 2024[20]. - Operating income for the twelve months ended Dec. 31, 2025, was $537.5 million, up 6.8% from $503.1 million in 2024[27]. - Total revenue for the twelve months ended Dec. 31, 2025, reached $2,310.0 million, a 8.6% increase from $2,127.7 million in 2024[27]. - Total operating expenses for the three months ended Dec. 31, 2025, were $464.1 million, compared to $433.8 million in 2024, representing a 6.0% increase[20]. - Other income, net, increased by $4.8 million for the three months ended Dec. 31, 2025, due to higher investment income from the captive insurance cell[26]. - Earnings per share (diluted) for the twelve months ended Dec. 31, 2025, was $3.98, compared to $3.91 in 2024, indicating a 1.8% increase[20]. - Weighted average common shares outstanding (diluted) increased to 75.4 million for the three months ended Dec. 31, 2025, from 71.6 million in 2024[20]. Capital Investments and Projects - Black Hills Corp. invested nearly $900 million in capital projects in 2025, including the completion of three rate reviews that generated over $52 million in new annual revenue[3][6]. - The Ready Wyoming electric transmission expansion project, a 260-mile initiative costing $350 million, was completed on schedule and is expected to enhance system resiliency and customer service[10][6]. - The company’s data center pipeline exceeds 3 GW, with plans to develop 600 MW by 2030, driven by partnerships with major tech companies like Microsoft and Meta[5][6]. Merger and Regulatory Matters - The merger with NorthWestern Energy is anticipated to close in the second half of 2026, with regulatory approvals already filed in multiple states[7][12]. - Black Hills filed a registration statement on Form S-4 with the SEC to register shares of common stock to be issued to NorthWestern stockholders in connection with the pending merger transaction[45]. - The definitive joint proxy statement/prospectus will be sent to stockholders of both Black Hills and NorthWestern regarding the merger transaction[45]. - Investors are urged to read the registration statement and joint proxy statement/prospectus for important information about the pending merger transaction[46]. - Information about directors and executive officers of Black Hills and NorthWestern will be included in the joint proxy statement/prospectus related to the merger[47]. - The merger transaction will involve the solicitation of proxies from stockholders of both companies[47]. - Free copies of relevant documents can be obtained through the SEC website or by contacting investor relations departments[48]. - Media assistance is available 24 hours a day for inquiries related to the merger[48]. Customer Base and Market Presence - The company serves 1.37 million natural gas and electric utility customers across eight states, indicating a broad market presence and customer base[40]. Future Outlook and Guidance - The company initiated 2026 adjusted EPS guidance in the range of $4.25 to $4.45, indicating a projected 6% year-over-year growth[4][12]. - The company anticipates future growth and has provided earnings guidance for 2026, focusing on regulatory filings and the merger with NorthWestern Energy[41]. - The company expects an increase in operations and maintenance expenses of approximately 3.5% in 2026, based on a 2025 expense of $580 million[12][16]. Operational Challenges and Risks - The company is facing risks related to supply chain disruptions, inflation, and regulatory approvals that could impact future performance[42]. - Electric Utilities' operating income decreased by $10.5 million for the twelve months ended Dec. 31, 2025, primarily due to higher operating expenses and unplanned generation outages[28]. - Gas Utilities' operating income increased by $49.5 million for the twelve months ended Dec. 31, 2025, driven by new rates and rider recovery[28]. Energy Generation and Efficiency - Coal generation facility availability decreased to 69.4% in Q4 2025 from 97.2% in Q4 2024, while natural gas and diesel oil availability improved to 88.4% from 85.5%[32]. - The wind capacity factor for the company was reported at 39.7% for Q4 2025, an increase from 38.0% in Q4 2024, indicating improved efficiency in wind energy generation[32]. - The company has implemented a weather normalization mechanism for Nebraska Gas, effective August 2025, to mitigate weather impacts on utility margins[37]. Revenue and Sales Metrics - Retail revenue from residential customers for the three months ended December 31, 2025, was $226.8 million, an increase from $215.4 million in 2024, with total retail revenue for gas utilities reaching $402.9 million, up from $385.2 million[34]. - Quantities sold for the three months ended December 31, 2025, were 1,917.2 GWh, compared to 1,800.2 GWh in 2024, and for the twelve months, quantities sold were 7,666.8 GWh, up from 7,235.2 GWh in 2024[31]. - The company reported a 12% decrease in heating degree days for Arkansas Gas, with actual degree days at 1,105 compared to a normal of 1,073[36].
CSG Systems International(CSGS) - 2025 Q4 - Annual Results
2026-02-04 21:27
PRESS RELEASE CSG SYSTEMS INTERNATIONAL REPORTS FOURTH QUARTER AND FULL YEAR 2025 RESULTS DENVER--(February 4, 2026) — CSG® (NASDAQ: CSGS) today reported results for the quarter and year ended December 31, 2025. Financial Results: Fourth quarter 2025 financial results: Full year 2025 financial results: Shareholder Returns: • Total revenue was $323.1 million. • GAAP operating income was $29.1 million, or an operating margin of 9.0%, and non-GAAP operating income was $65.8 million, or a non-GAAP adjusted oper ...
Gladstone Capital (GLAD) - 2026 Q1 - Quarterly Report
2026-02-04 21:25
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark one): ý 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: 814-00237 GLADSTONE CAPITAL CORPORATION (Exact name of registrant as specified in its charter) ...
NETGEAR(NTGR) - 2025 Q4 - Annual Results
2026-02-04 21:24
Exhibit 99.1 NEWS RELEASE The accompanying schedules provide a reconciliation of financial measures computed on a GAAP basis to financial measures computed on a non-GAAP basis. CJ Prober, Chief Executive Officer, commented, "We exited 2025 with a strong fourth quarter that underscored the momentum we've built across the business, delivering the first year of revenue growth in five years and a 920 basis point increase in our non-GAAP gross margin compared to the prior year. It's clear that our transformation ...
Rexford Industrial Realty(REXR) - 2025 Q4 - Annual Results
2026-02-04 21:24
Financial Performance - Total rental income for Q4 2025 was $243.23 million, a decrease from $246.76 million in Q3 2025[16] - Net operating income (NOI) for Q4 2025 was $183.94 million, down from $188.88 million in Q3 2025[16] - Company share of Core FFO for Q4 2025 was $136.18 million, compared to $141.70 million in Q3 2025, reflecting a 5.9% growth year-over-year[16] - Total revenues for Q4 2025 were $248.1 million, a 2.9% increase from $242.9 million in Q4 2024[31] - Rental income for Q4 2025 was $243.2 million, up from $239.7 million in Q4 2024, representing a 1.0% year-over-year growth[31] - Net loss attributable to common stockholders for Q4 2025 was $(68.7) million, compared to a profit of $59.4 million in Q4 2024[31] - Total operating expenses for Q4 2025 were $155.3 million, an increase of 3.4% from $149.8 million in Q4 2024[31] - Funds From Operations (FFO) for Q4 2025 was $78.3 million, down from $136.7 million in Q4 2024[33] - Core FFO for Q4 2025 was $144.1 million, compared to $136.8 million in Q4 2024, indicating a 5.3% increase[33] - Adjusted EBITDAre for Q4 2025 was $177.81 million, a decrease from $182.62 million in Q3 2025[16] Occupancy and Leasing - Total portfolio occupancy decreased to 90.2% in Q4 2025 from 91.8% in Q3 2025[16] - Average occupancy for the Same Property Portfolio is anticipated to be between 94.8% and 95.3% for the full year 2026[21] - Same Property Portfolio NOI growth was 0.4% in Q4 2025, down from 2.0% in Q3 2025[16] - The overall occupancy rate for the Same Property Portfolio was 96.8% in Q4 2025, an increase of 20 basis points from 96.6% in Q4 2024[55] - The ending occupancy rate for Q4 2025 was 96.5%, showing a 10 basis point improvement from 96.4% in Q4 2024[55] - Total leasing activity for Q4 2025 reached 3,039,567 square feet, with new leases accounting for 1,574,816 square feet and renewal leases for 1,464,751 square feet[81] - The retention rate for Q4 2025 was 61%, with a retention plus backfill rate of 70%[81] - The total number of properties in the SPP was 287 as of December 31, 2025, down from 293 a year earlier[149] Debt and Capitalization - Total equity market capitalization was $9.40 billion at the end of Q4 2025, down from $10.06 billion in Q3 2025[16] - Net debt to total combined market capitalization increased to 24.9% in Q4 2025 from 23.2% in Q3 2025[16] - The company reported a net debt of $3,112,871 thousand as of December 31, 2025, with a net debt to total combined market capitalization ratio of 24.9%[60] - Total debt as of December 31, 2025, is $3.278649 billion with an effective interest rate of 3.732%[66] - Unsecured debt constitutes 97% of total debt, amounting to $3.175 billion, while secured debt is 3% at $103.649 million[67] - The company has a $1.25 billion revolving credit facility maturing on May 30, 2029, with an effective interest rate of 4.595%[66] Guidance and Projections - 2026 guidance for net income attributable to common stockholders per diluted share is projected to be between $1.15 and $1.20[21] - Core FFO per diluted share guidance for 2026 is set at $2.35 to $2.40, reflecting a year-over-year decline of approximately 2.1%[24] - Same Property Portfolio NOI growth is expected to range from (2.5)% to (1.5)% for 2026, with cash NOI growth projected between (2.0)% and (1.0)%[21] - The company plans to dispose of assets valued between $400 million and $500 million in 2026[21] Impairments and Expenses - The company reported an impairment of real estate of $(89.1) million in Q4 2025, reflecting a strategic shift to pursue property sales[31] - General and administrative expenses are expected to be approximately +/- $60 million for 2026[21] - Interest expense is projected to be around +/- $112 million, influenced by various economic factors[21] - The company incurred Co-CEO transition costs of $60,223 million during the quarter[136] Development and Repositioning - The company plans to continue focusing on strategic acquisitions and market expansion to enhance revenue growth in the upcoming quarters[31] - The company plans to continue focusing on repositioning and development strategies to enhance portfolio value[89] - The total estimated investment for properties under repositioning/development is $306.0 million, with a projected stabilized return on cost of 5.0%[103] - The company has future repositioning and development projects totaling 1,112,288 RSF, with projected costs between $140 million and $150 million[108] Shareholder Returns - The company declared a dividend of $0.43 per common share for Q4 2025, unchanged from Q3 2025[16] - The company repurchased 2,443,438 shares of common stock in Q4 2025 at a weighted average price of $40.93 per share, totaling $100.0 million[61] - Common shares outstanding decreased to 229,957,058 as of December 31, 2025, down from 232,297,172 at the end of Q3 2025[61]
StoneX(SNEX) - 2026 Q1 - Quarterly Results
2026-02-04 21:22
EXHIBIT 99.1 New York, NY – February 4, 2026 – StoneX Group Inc. (the "Company"; NASDAQ: SNEX), a leading financial services franchise connecting clients to global markets, today announced its financial results for the fiscal 2026 first quarter ended December 31, 2025. Philip Smith, the Company's Chief Executive Officer, stated, "We are very pleased to announce our results for the first fiscal quarter of the year, a quarter which marked another record, in terms of both net operating revenues and net income ...
Tenable(TENB) - 2025 Q4 - Annual Results
2026-02-04 21:22
Tenable Announces Fourth Quarter and Full Year 2025 Financial Results Tenable exceeds all guided metrics for the fourth quarter and full year 2025, announces increase of $150 million to share repurchase authorization COLUMBIA, Maryland, February 4, 2026 — Tenable Holdings, Inc. ("Tenable") (Nasdaq: TENB), the exposure management company, today announced financial results for the quarter and year ended December 31, 2025. "We are very pleased with the execution in the quarter and the full year as we delivered ...
DHI(DHX) - 2025 Q4 - Annual Results
2026-02-04 21:21
DHI Group Reports Fourth Quarter and Full Year Financial Results CENTENNIAL, Colorado, February 4, 2026 - Today, DHI Group, Inc. (NYSE: DHX) ("DHI" or the "Company") announced its financial results for the fourth quarter and full year ended December 31, 2025. Fourth Quarter 2025 Financial Highlights Compared to the Fourth Quarter 2024 (1) Full Year 2025 Financial Highlights Compared to Full Year 2024 (1) 1 ▪ Total revenue was $31.4 million, down 10%. • ClearanceJobs revenue was $13.9 million, up 1%. • Dice ...
Mueller Water Products(MWA) - 2026 Q1 - Quarterly Results
2026-02-04 21:21
Financial Performance - Net sales increased by 4.6% to $318.2 million compared to $304.3 million in the prior year quarter[2] - Reported net income rose by 22.4% to $43.2 million, with a net income margin of 13.6% compared to 11.6% in the prior year quarter[12] - Adjusted EBITDA increased by 13.5% to $72.1 million, with an adjusted EBITDA margin of 22.7% compared to 20.9% in the prior year quarter[13] - Adjusted net income per diluted share increased by 16.0% to $0.29 compared to $0.25 in the prior year quarter[2] - Operating income increased by 19.6% to $56.7 million, with an operating margin of 17.8% compared to 15.6% in the prior year quarter[9] - Net income for the quarter was $43.2 million, a 22.4% increase from $35.3 million in the same quarter of 2024[42] - The adjusted operating margin for Q4 2025 was 18.9%, compared to 17.2% in Q4 2024, indicating an improvement of 1.7 percentage points[46] - The company reported an adjusted net income of $45.8 million for Q4 2025, up from $39.2 million in Q4 2024, which is an increase of 16.8%[46] Guidance and Future Outlook - The company raised its fiscal 2026 guidance for consolidated net sales to between $1,470 million and $1,490 million, representing a 2.8% to 4.2% increase compared to the prior year[26] Cash Flow and Liquidity - Free cash flow for the quarter increased to $44.0 million compared to $42.2 million in the prior year period[24] - The company reported a net cash provided by operating activities of $61.2 million, an increase from $54.1 million in the same quarter of the previous year[44] - Cash and cash equivalents at the end of the period were $459.6 million, up from $431.5 million at the end of the previous quarter[44] - Total debt outstanding as of December 31, 2025, was $452.3 million, with total liquidity of $623.3 million[25] Capital Expenditures - Capital expenditures for the quarter were $17.2 million, up from $11.9 million in the prior year period[23] - Capital expenditures for Q4 2025 totaled $17.2 million, compared to $11.9 million in Q4 2024, representing a significant increase of 44.5%[46] Profitability Metrics - Gross profit for the same period was $119.8 million, representing a gross margin of 37.6%, up from $103.0 million and a gross margin of 33.8% in the prior year[42] - Gross profit for the same period in 2025 was $119.8 million, compared to $103.0 million in 2024, indicating an increase of 16.3%[46] Balance Sheet Strength - Total assets increased to $1,846.8 million, compared to $1,838.9 million at the end of the previous quarter[40] - Total liabilities decreased to $828.6 million from $857.2 million in the prior quarter, indicating improved financial health[40] Dividends - The company declared dividends of $0.070 per share, up from $0.067 per share in the same period last year[42] Interest Expense - The company reported a decrease in interest expense to $1.0 million from $1.6 million in the prior year quarter[20] Share Information - The weighted average diluted shares outstanding for Q4 2025 were 157.3 million, slightly down from 157.5 million in Q4 2024[46]