Workflow
Uber(UBER) - 2025 Q4 - Annual Results
2026-02-04 11:56
"After five years of 20%+ growth, we are entering 2026 with strong momentum, while remaining solidly on track to deliver on our three-year growth and profit outlook," said Balaji Krishnamurthy, incoming CFO. "With large and growing free cash flows, over the coming years we will invest with discipline across a multitude of opportunities, including positioning Uber to win in an AV future." Exhibit 99.1 Uber Announces Results for Fourth Quarter and Full Year 2025 Quarterly trips grew 22% year-over-year and Gro ...
Wabash National(WNC) - 2025 Q4 - Annual Results
2026-02-04 11:54
Financial Performance - For Q4 2025, net sales were $321.5 million, with an operating loss of $59.9 million, representing (18.6)% of sales[3] - Full year 2025 revenue totaled $1.54 billion, with a net income attributable to common stockholders of $211.5 million, or $5.07 per diluted share[3] - Net income for the year ended December 31, 2025, was $211.6 million, a significant recovery from a net loss of $283.1 million in 2024[26] - Total net external sales for 2025 reached $1,542,754, a decrease of 20.8% compared to $1,946,740 in 2024[30] - Gross profit for 2025 was $69,911, significantly lower than $265,072 in 2024, indicating a gross margin drop[30] - Adjusted operating (loss) income for 2025 was $(94,943), compared to an adjusted income of $93,896 in 2024, reflecting a substantial decline[32] - Free cash flow for 2025 was $(60,589), a decrease from $38,136 in 2024, highlighting cash generation challenges[36] - Adjusted EBITDA for 2025 was $(24,550), contrasting with $162,674 in 2024, indicating operational difficulties[34] - The company reported a net loss attributable to common stockholders of $(49,878) for Q4 2025, compared to a loss of $(1,030) in Q4 2024[34] Sales and Backlog - Total backlog as of December 31, 2025, was approximately $705 million, indicating delayed capital spending decisions[4] - Net sales for Q4 2025 were $321.5 million, a decrease of 22.8% compared to $416.8 million in Q4 2024[24] - Q4 2025 Transportation Solutions net sales were $262.9 million, a decrease of 29.0% year-over-year, with an operating loss of $47.8 million[8] - Parts & Services net sales for Q4 2025 were $64.5 million, an increase of 32.6% compared to the prior year quarter, with an operating income of $5.1 million[9] - New trailer shipments in Q4 2025 were 5,901 units, down from 6,770 units in Q4 2024, representing a decline of 12.8%[28] - New trailers shipped in 2025 totaled 27,770 units, down from 32,100 units in 2024, representing a decline of 13.5%[30] - The company shipped 10,600 truck bodies in 2025, down from 14,255 in 2024, reflecting a decrease of 25.5%[30] Operational Metrics - Non-GAAP adjusted operating loss for Q4 2025 was $43.8 million, or (13.6)% of sales[3] - Adjusted EBITDA for Q4 2025 was $(26.2) million, or (8.1)% of net sales[3] - The company reported adjusted loss from operations of $31.7 million for Q4 2025, compared to an income of $5.1 million in Q4 2024[29] - Transportation Solutions segment reported a loss from operations of $47,849 in Q4 2025, compared to an income of $17,942 in Q4 2024[39] - Adjusted segment EBITDA for Transportation Solutions was $(19,735) in Q4 2025, down from $31,756 in Q4 2024, resulting in an adjusted EBITDA margin of (7.5)%[39] - For the full year 2025, Transportation Solutions reported a loss from operations of $58,245, significantly lower than the income of $148,277 in 2024[39] - Adjusted segment EBITDA for Parts & Services was $7,049 in Q4 2025, compared to $5,563 in Q4 2024, with an adjusted EBITDA margin of 10.9%[39] - The full year 2025 adjusted segment EBITDA for Parts & Services was $33,175, down from $38,099 in 2024, with a margin of 14.0%[39] Assets and Liabilities - Total assets decreased to $1.17 billion in 2025 from $1.41 billion in 2024, reflecting a reduction of 17.0%[22] - Total liabilities decreased to $802.7 million in 2025 from $1.22 billion in 2024, a reduction of 34.3%[22] - Long-term debt increased to $442.9 million in 2025 from $397.1 million in 2024, an increase of 11.5%[22] Market Outlook - Guidance for Q1 2026 expects revenue in the range of $310 million to $330 million, with adjusted earnings per share between ($0.95) and ($1.05)[4] - Market conditions are showing early signs of stabilization, with expectations for demand improvement in the second half of 2026[5] - Customer engagement for 2026 purchasing decisions is ongoing, with many fleet order commitments remaining open and active[6] Impairments and Adjustments - The impairment of Little Falls, MN assets resulted in a $16,146 adjustment in 2025, impacting overall financial results[34] - The company recognized an impairment of assets in Little Falls, MN amounting to $16,146 in both Q4 and full year 2025[39] Dividends - The company paid dividends of $0.08 per share in both Q4 2025 and Q4 2024[24]
Timken(TKR) - 2025 Q4 - Annual Results
2026-02-04 11:53
Timken Reports Fourth-Quarter and Full-Year 2025 Results NORTH CANTON, Ohio: February 4, 2026 — The Timken Company (NYSE: TKR; www.timken.com), a global technology leader in engineered bearings and industrial motion, today reported fourth-quarter 2025 results. | | 4Q-25 | 4Q-24 | % Change | FY-2025 | FY-2024 | % Cha | | --- | --- | --- | --- | --- | --- | --- | | Net Sales (mils.) | $1,111.0 | $1,073.6 | 3.5% | $4,581.8 | $4,573.0 | 0.2 | | Net Income Margin | 5.6% | 6.6% | (100 bps) | 6.3% | 7.7% | (140 | ...
Adient(ADNT) - 2026 Q1 - Quarterly Results
2026-02-04 11:50
Financial Performance - Adient reported Q1 FY2026 revenue of $3,644M, a 4% increase compared to Q1 FY2025, with adjusted EBITDA of $207M, up $11M year-over-year[1][2] - The company raised its FY26 guidance for revenue to $14.6B (up from $14.4B) and adjusted EBITDA to $880M (up from $845M), reflecting strong business performance and improved vehicle production outlook[6][12] - Adient's adjusted net income attributable to the company was $28M, representing a 22% increase year-over-year, with adjusted EPS of $0.35, a 30% increase compared to the previous year[1][6] - The company achieved an adjusted EBITDA margin of 5.7%, an increase of 10 basis points from the previous year[2][6] - Net sales for the three months ended December 31, 2025, were $3,644 million, an increase of 4.3% compared to $3,495 million in the same period of 2024[24] - Gross profit for the same period was $217 million, slightly up from $216 million year-over-year[24] - Adjusted EBITDA for the three months ended December 31, 2025, was $207 million, compared to $196 million in the prior year, reflecting a year-over-year increase of 5.6%[31] - The adjusted EBITDA margin for the consolidated results was 5.7%, compared to 5.6% in the same quarter of 2024[31] - Net income attributable to Adient for the three months ended December 31, 2025, was a loss of $22 million, compared to a profit of $0 in the same period of 2024[24] - The company reported a cash provided by operating activities of $80 million for the three months ended December 31, 2025, down from $109 million in the same period of 2024[28] - Adjusted EBITDA for Q1 2025 was $207 million, up from $196 million in Q1 2024, representing a 5.6% increase[36] - Adjusted EBIT for Q1 2025 was $130 million, compared to $122 million in Q1 2024, reflecting an increase of 6.6%[36] - Net income attributable to Adient for Q1 2025 was a loss of $22 million, compared to a profit of $0 in Q1 2024[33] - Adjusted net income attributable to Adient for Q1 2025 was $28 million, up from $23 million in Q1 2024, indicating a 21.7% increase[37] - Basic earnings per share for Q1 2025 was $(0.28), while diluted earnings per share was also $(0.28)[33] - Adjusted diluted earnings per share for Q1 2025 was $0.35, compared to $0.27 in Q1 2024, marking a 29.6% increase[39] - Total net sales for Q1 2025 were $3,644 million, up from $3,495 million in Q1 2024, a growth of 4.3%[36] Debt and Cash Management - Adient's gross debt and net debt were approximately $2.4B and $1.5B, respectively, as of December 31, 2025, with cash and cash equivalents totaling $855M[6][11] - Cash and cash equivalents decreased to $855 million from $958 million at the end of the previous quarter[26] - Long-term debt remained stable at $2,380 million, compared to $2,386 million at the end of the previous quarter[26] - Net debt as of December 31, 2025, was $1,536 million, an increase from $1,439 million as of September 30, 2025, indicating a rise of 6.73%[43] - The net leverage ratio increased to 1.72 as of December 31, 2025, compared to 1.63 as of September 30, 2025[43] Shareholder Returns - The company returned $25M to shareholders in Q1 FY2026 through the repurchase of approximately 1.2M shares[6][11] Sustainability Initiatives - Adient's sustainability initiatives include a 42% reduction in Scope 1 and 2 emissions since 2019 and an increase in renewable electricity usage to 30% of total consumption[17] - The company completed 1,990 continuous improvement projects in FY2025, resulting in estimated annual savings of 5,689 metric tons of CO2e and 72.6 million kWh of energy[4][14] Growth and Market Position - The company is positioned for growth, capitalizing on approximately 150K units of incremental annual volume in the Americas and expecting to significantly outpace the market in Asia[5] - Adient's new modular seat design, ModuTec, aims to enhance automation and efficiency in the seat building process, significantly reducing assembly time[3] Other Financial Metrics - Total assets as of December 31, 2025, were $8,774 million, a decrease from $8,954 million as of September 30, 2025[26] - Free cash flow for Q4 2025 was $15 million, down from $45 million in Q4 2024, reflecting a decrease of 66.67%[42] - Operating cash flow for Q4 2025 was $80 million, down from $109 million in Q4 2024, a decline of 26.61%[42] - Capital expenditures for Q4 2025 were $65 million, slightly up from $64 million in Q4 2024[42] - Trade working capital decreased to $187 million in Q4 2025 from $234 million in Q4 2024, a reduction of 20.04%[42] - Restructuring cash charges for Q4 2025 were $19 million, down from $34 million in Q4 2024, a decrease of 44.12%[42] - Dividends from partially owned affiliates were $0 in Q4 2025, compared to $6 million in Q4 2024[42] - Non-income related taxes (VAT) increased to $44 million in Q4 2025 from $22 million in Q4 2024, a rise of 100%[42]
Kennametal(KMT) - 2026 Q2 - Quarterly Results
2026-02-04 11:47
FOR IMMEDIATE RELEASE: DATE: February 4, 2026 Investor Relations Media Relations CONTACT: Michael Pici CONTACT: Lori Lecker PHONE: 412-790-0792 PHONE: 412-248-8224 michael.pici@kennametal.com lori.lecker@kennametal.com Exhibit 99.1 Kennametal Announces Fiscal 2026 Second Quarter Results PITTSBURGH, (February 4, 2026) – Kennametal Inc. (NYSE: KMT) (the "Company") today reported results for its fiscal 2026 second quarter ended December 31, 2025. "We are pleased with our second quarter results, which exceeded ...
Avery Dennison(AVY) - 2025 Q4 - Annual Results
2026-02-04 11:45
Financial Performance - FY25 reported EPS was $8.79, with adjusted EPS of $9.53, reflecting a 1% increase year-over-year[4] - FY25 net sales reached $8.9 billion, also up 1% compared to the previous year[4] - 4Q25 reported EPS was $2.15, while adjusted EPS increased by 3% to $2.45[4] - 4Q25 net sales totaled $2.3 billion, marking a 4% increase year-over-year[4] - Total net sales for 2025 reached $8,855.5 million, a 1.1% increase compared to 2024's $8,755.7 million[28] - Total net sales for the three months ended December 31, 2025, were $2,271.2 million, an increase from $2,185.7 million for the same period in 2024, representing a growth of 3.9%[50] Cash Flow and Shareholder Returns - The company generated over $700 million in adjusted free cash flow during FY25[3] - The company returned $861 million to shareholders in FY25 through dividends and share repurchases[11] - The company reported adjusted free cash flow of $707.1 million, up from $699.5 million in the previous year[28] - Adjusted free cash flow for the three months ended December 31, 2025, was $302.6 million, compared to $279.5 million for the same period in 2024, reflecting an increase of 8.2%[48] Profitability Metrics - Adjusted operating income for 2025 was $1,123.8 million, a slight increase of 0.2% from $1,122.1 million in 2024, with margins at 12.7%[28] - Adjusted EBITDA for the year was $1,452.0 million, up 1.2% from $1,434.3 million, maintaining a margin of 16.4%[28] - Adjusted operating income for the three months ended December 31, 2025, was $281.5 million, compared to $279.9 million for the same period in 2024, reflecting a slight increase[45] - Adjusted EBITDA for the twelve months ended December 31, 2025, was $1,452.0 million, up from $1,434.3 million for the twelve months ended December 28, 2024, indicating a growth of 1.2%[45] Income and Margins - Reported net income for 2025 was $688.0 million, down 2.4% from $704.9 million in 2024, with adjusted net income at $746.3 million, a decrease of 1.9%[28] - Adjusted net income for the three months ended December 31, 2025, was $189.4 million, compared to $191.4 million for the same period in 2024, showing a decrease of 1.0%[47] - Adjusted net income per common share for the three months ended December 31, 2025, was $2.45, an increase from $2.38 for the same period in 2024, representing a growth of 2.9%[47] Debt and Leverage - The net debt to adjusted EBITDA ratio was 2.4x at the end of 4Q25, indicating a strong balance sheet[12] - Long-term debt rose to $3,210.0 million from $2,559.9 million, indicating increased leverage[32] - The company's total debt stood at $3,732.9 million, with net debt calculated at $3,530.1 million after accounting for cash and cash equivalents of $202.8 million[54] - The net debt to adjusted EBITDA ratio for the last twelve months (LTM) was 2.4[54] Operational Efficiency - Cost reduction actions in 2025 resulted in over $60 million in pre-tax savings[14] - High-value categories now account for approximately 45% of total revenue, driving outsized growth[5] Group Performance - The Materials Group reported net sales of $6,093.3 million, reflecting a 1.3% increase, while the Solutions Group saw a 0.7% increase to $2,762.2 million[28] - The Materials Group reported net sales of $1,547.0 million for the three months ended December 31, 2025, an increase from $1,472.0 million for the same period in 2024, reflecting a growth of 5.1%[50] - Adjusted operating income for the Materials Group was $219.3 million for the three months ended December 31, 2025, compared to $217.5 million for the same period in 2024[52] - Adjusted EBITDA for the Solutions Group was $128.8 million for the three months ended December 31, 2025, reflecting an increase from $127.2 million in the prior year[52] Tax and Currency Impact - The adjusted tax rate for the three months ended December 31, 2025, was 23.6%, compared to 25.7% for the same period in 2024, indicating a decrease in the effective tax burden[47] - The company experienced a foreign currency translation impact of (1.7)% on reported net sales for the three months ended December 31, 2025[56]
Novartis(NVS) - 2025 Q4 - Annual Report
2026-02-04 11:45
As filed with the Securities and Exchange Commission on February 4, 2026 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 Form 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ 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 OR ☐ SHELL COMPANY REPORT PURSU ...
Evercore(EVR) - 2025 Q4 - Annual Results
2026-02-04 11:45
Exhibit 99.1 E V E R C O R E EVERCORE REPORTS RECORD FOURTH QUARTER AND FULL YEAR 2025 REVENUES; QUARTERLY DIVIDEND OF $0.84 PER SHARE | | Fourth Quarter Results | | | | | | | | | | | Full Year Results | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | U.S. GAAP | | | | Adjusted | | | | U.S. GAAP | | | | Adjusted | | | | | | Q4 2025 Q4 2024 | | | | Q4 2025 | | | Q4 2024 | 2025 | | | 2024 | 2025 | | | 2024 | | Net Revenues ($ mm) | $ 1,288.3 ...
Boston Scientific(BSX) - 2025 Q4 - Annual Results
2026-02-04 11:33
FOR IMMEDIATE RELEASE Boston Scientific announces results for fourth quarter and full year 2025 Marlborough, Mass. (February 4, 2026) -- Boston Scientific Corporation (NYSE: BSX) generated net sales of $5.286 billion during the fourth quarter of 2025, growing 15.9 percent on a reported basis, 14.3 percent on an operational basis and 12.7 percent on an organic basis, all compared to the prior year period. The company reported GAAP net income attributable to Boston Scientific common stockholders of $672 milli ...
Equifax(EFX) - 2025 Q4 - Annual Results
2026-02-04 11:32
Revenue Performance - Fourth quarter 2025 revenue reached $1.551 billion, a 9% increase, exceeding guidance by $30 million[1] - U.S. Mortgage revenue grew by 20% in Q4 2025, despite a decline in the overall mortgage market[3] - Workforce Solutions revenue increased by 9%, with Verification Services up 10% and Diversified Markets up 11%[3] - USIS revenue rose by 12%, driven by a 33% increase in Mortgage revenue and 5% growth in Diversified Markets[3] - International revenue grew by 5% in local currency, led by Latin America[3] - Total operating revenue for 2025 reached $6,074.5 million, reflecting a 7% increase from $5,681.1 million in 2024[33] - Total U.S. Information Solutions revenue grew by 10% to $2,078.5 million in 2025, compared to $1,893.0 million in 2024[33] - The company reported a 10% organic local currency revenue growth in the U.S. Information Solutions segment for 2025[34] - Total international revenue increased by 4% to $1,413.7 million in 2025, compared to $1,354.3 million in 2024[33] Financial Metrics - Free cash flow for 2025 was $1.13 billion, a nearly 40% increase from the previous year[2] - Consolidated net income attributable to Equifax for Q4 2025 was $175.8 million, compared to $174.0 million in Q4 2024, a slight increase of 1.0%[27] - Basic earnings per share for Q4 2025 was $1.45, up from $1.40 in Q4 2024, representing a 3.6% increase[27] - Net income attributable to Equifax for the full year 2025 was $660.3 million, an increase of 9.3% from $604.1 million in 2024[28] - Basic earnings per share for the full year 2025 was $5.36, up from $4.88 in 2024, indicating a 9.8% increase[28] - Adjusted net income attributable to Equifax for 2025 was $949.2 million, a 4% increase from $910.1 million in 2024[36] - Operating income for the year ended December 31, 2025, was $1,095.2 million, compared to $1,095.2 million in 2024, indicating stable performance despite challenges[43] Expenses and Costs - Total operating expenses for Q4 2025 were $1,266.4 million, up from $1,131.3 million in Q4 2024, reflecting a 11.9% increase[27] - Total operating expenses for the full year 2025 were $4,979.3 million, compared to $4,639.0 million in 2024, marking a 7.3% increase[28] - The company recorded acquisition-related amortization expense of $250.2 million for the year ended December 31, 2025, compared to $261.1 million in 2024[37] - Restructuring charges for the year ended December 31, 2025, amounted to $49.9 million, primarily related to resource realignment[37] - The company incurred $35.0 million in acquisition-related costs other than amortization for the year ended December 31, 2025, down 49% from $68.4 million in 2024[40] - A legal settlement charge of $30.0 million was recorded in Q4 2025, a 100% increase from $15.0 million in Q4 2024[40] Shareholder Returns - The company returned $561 million to shareholders in Q4 2025, including $500 million for share repurchases[2] - The company paid dividends of $232.8 million to shareholders in 2025, an increase from $193.2 million in 2024[30] Future Outlook - Full-year 2026 revenue guidance is set at $6.72 billion, reflecting a 10.5% increase, with Adjusted EPS expected to be $8.50 per share[4] - The company is focusing on growth and innovation through new Cloud capabilities and EFX.AI to drive future revenue[5] Operational Efficiency - The Vitality Index reached a record 17% in Q4 2025, surpassing the long-term goal of 10%[3] - Adjusted EBITDA for the year ended December 31, 2025, was $1,935.3 million, reflecting a 5% increase from $1,836.1 million in 2024[40] - The adjusted EBITDA margin for the year ended December 31, 2025, was 31.9%, slightly down from 32.3% in 2024[40] - Adjusted EBITDA for Q4 2025 was $508.2 million, with an adjusted EBITDA margin of 32.8%, compared to $501.9 million and a margin of 35.4% in Q4 2024[43][44] - Adjusted EBITDA for the U.S. Information segment was $334.5 million in Q4 2025, with an adjusted EBITDA margin of 51.3%, reflecting strong operational efficiency[43] Asset and Liability Overview - Total assets as of December 31, 2025, were $11,864.2 million, compared to $11,759.4 million as of December 31, 2024, reflecting a 0.9% increase[29] - Total liabilities as of December 31, 2025, were $7,126.0 million, an increase from $6,839.8 million in 2024, representing a 4.2% rise[29] Legal and Regulatory Matters - Legal and regulatory accruals related to the 2017 cybersecurity incident were $1.0 million for the year ended December 31, 2025[47] - Antitrust litigation costs for Q4 2025 amounted to $1.2 million ($0.9 million, net of tax) and $5.4 million ($4.1 million, net of tax) for the full year 2025[58]