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Veralto (VLTO) - 2025 Q4 - Annual Results
2026-02-03 21:30
Exhibit 99.1 VERALTO REPORTS FOURTH QUARTER AND FULL YEAR 2025 RESULTS WALTHAM, Mass., (February 3, 2026) – Veralto (NYSE: VLTO) (the "Company"), a global leader in essential water and product quality solutions dedicated to Safeguarding the World's Most Vital Resources™, announced results for the fourth quarter ended December 31, 2025. Key Fourth Quarter 2025 Results Key Full Year 2025 Results "Our team finished 2025 with another strong quarter, capping off an outstanding year for Veralto. Throughout 2025, ...
Weatherford International(WFRD) - 2025 Q4 - Annual Results
2026-02-03 21:30
Financial Performance - Fourth quarter revenue was $1,289 million, a 5% increase sequentially but a 4% decrease year-over-year; full year revenue was $4,918 million, down 11% from the prior year[2] - Fourth quarter operating income reached $199 million, up 12% sequentially and 1% year-over-year; full year operating income was $756 million, a 19% decrease from the prior year[2] - Fourth quarter net income was $138 million with a 10.7% margin, a 70% sequential increase and a 23% year-over-year increase; full year net income was $431 million, down 15% from the prior year[2] - Fourth quarter adjusted EBITDA was $291 million with a 22.6% margin, an 8% sequential increase but an 11% decrease year-over-year; full year adjusted EBITDA was $1,067 million, down 23% from the prior year[2] Cash Flow and Shareholder Returns - Fourth quarter cash provided by operating activities was $268 million, a 94% sequential increase and an 8% year-over-year increase; adjusted free cash flow was $222 million, up 124% sequentially and 37% year-over-year[5] - The company returned $25 million to shareholders in the fourth quarter, including $18 million in dividends and $7 million in share repurchases; total shareholder return for the full year was $173 million[12] - The Board approved a 10% increase in the quarterly cash dividend to $0.275 per share, payable on March 5, 2026[13] Contracts and Innovations - Weatherford secured multiple contracts across various regions, including a five-year contract for Well Services in Oman and a four-year contract for Wireline services in Romania[9] - The company deployed innovative technologies, such as the Modus Managed Pressure Well Solution in Suriname and the Permanent Magnet Motor in Egypt, enhancing operational efficiency and reducing costs[11] Future Outlook - The outlook for 2026 indicates a soft activity environment in the first half, with growth opportunities expected in the second half, supported by internal cost optimization initiatives[8] Segment Performance - Fourth quarter 2025 PRI revenue was $353 million, an increase of $27 million or 8% sequentially, but a decrease of $11 million or 3% year-over-year[20] - Fourth quarter 2025 PRI segment adjusted EBITDA was $73 million, up $14 million or 24% sequentially, but down $5 million or 6% year-over-year[21] - Full year 2025 PRI revenues totaled $1,340 million, a decrease of $112 million or 8% compared to 2024, primarily due to lower ISDT and Pressure Pumping activity[22] - Full year 2025 PRI segment adjusted EBITDA was $257 million, down $62 million or 19% compared to 2024, mainly due to lower ISDT and Pressure Pumping activity[23] Regional Revenue Analysis - North America revenue for Q4 2025 was $249 million, a sequential increase of $6 million or 2%, but a year-over-year decrease of $12 million or 5%[26] - International revenue for Q4 2025 was $1,040 million, an increase of $51 million or 5% sequentially, but a decrease of $40 million or 4% year-over-year[28] - Latin America revenue for Q4 2025 was $248 million, an increase of $34 million or 16% sequentially, but a decrease of $64 million or 21% year-over-year[29] - Middle East/North Africa/Asia revenue for Q4 2025 was $556 million, an increase of $23 million or 4% sequentially, and an increase of $14 million or 3% year-over-year[31] - Europe/Sub-Sahara Africa/Russia revenue for Q4 2025 was $236 million, a decrease of $6 million or 2% sequentially, but an increase of $10 million or 4% year-over-year[33] - Full year 2025 revenue in Latin America was $898 million, a decrease of $495 million or 36% compared to 2024, primarily due to lower activity in Mexico and the sale of the Pressure Pumping business in Argentina[30] Quarterly Performance Metrics - Total revenues for the three months ended December 31, 2025, were $1,289 million, a 4.6% increase from $1,232 million in the previous quarter and a decrease of 4.0% from $1,341 million year-over-year[45] - DRE segment adjusted EBITDA was $83 million for the three months ended December 31, 2025, consistent with the previous quarter and down from $96 million year-over-year[45] - WCC segment adjusted EBITDA increased to $144 million from $125 million in the previous quarter, but decreased from $148 million year-over-year[45] - Net income attributable to Weatherford for the three months ended December 31, 2025, was $138 million, compared to $81 million in the previous quarter and $112 million year-over-year, representing a 70.4% increase quarter-over-quarter[45] - Basic income per share for the three months ended December 31, 2025, was $1.92, up from $1.13 in the previous quarter and $1.54 year-over-year[45] - Cash flows from operating activities for the three months ended December 31, 2025, were $268 million, compared to $138 million in the previous quarter and $249 million year-over-year[49] Balance Sheet Highlights - Total shareholders' equity increased to $1,696 million as of December 31, 2025, from $1,283 million year-over-year[47] - Long-term debt decreased to $1,455 million as of December 31, 2025, from $1,617 million year-over-year[47] - The company reported a net cash used in investing activities of $63 million for the three months ended December 31, 2025, compared to $46 million in the previous quarter and $86 million year-over-year[49] - Total debt as of December 31, 2025, was $1,485 million, a decrease from $1,588 million in Q3 2025 and $1,634 million in Q4 2024[62] - Cash and cash equivalents increased to $987 million as of December 31, 2025, from $967 million in Q3 2025 and $916 million in Q4 2024[62] - Net debt as of December 31, 2025, was $443 million, down from $557 million in Q3 2025 and $659 million in Q4 2024[62] - Net leverage ratio as of December 31, 2025, was 0.42x, improved from 0.51x in Q3 2025 and 0.48x in Q4 2024[62]
Benchmark Electronics(BHE) - 2025 Q4 - Annual Results
2026-02-03 21:27
Revenue and Earnings - Fourth quarter 2025 revenue reached $704 million, reflecting a high single-digit growth compared to the previous quarter[1] - Full year 2025 revenue totaled $2,659 million, slightly up from $2,656 million in 2024[4] - Diluted GAAP earnings per share for Q4 2025 were $0.17, while diluted non-GAAP earnings per share were $0.71[3] - The company expects Q1 2026 revenue guidance between $655 million and $695 million[7] - The company reported a diluted GAAP earnings per share of $1.66 in 2024, up from $0.68 in 2025, marking a growth of 144.1%[22] Profitability and Margins - Gross margin for Q4 2025 improved to 10.5% from 10.0% in Q3 2025[1] - Benchmark's operating margin for the full year 2025 was 2.9%, down from 4.1% in 2024[4] - GAAP operating margin improved to 4.1% in 2024 from 2.9% in 2025, indicating enhanced operational efficiency[22] Cash Flow and Assets - Operating cash flow for Q4 2025 was $59 million, with free cash flow of $48 million[3] - Cash and cash equivalents at the end of 2024 were $328,027 thousand, down from $322,400 thousand in 2025, reflecting a decrease of 1.9%[20] - Free cash flow for 2024 was $155,972 thousand, compared to $85,420 thousand in 2025, representing an increase of 82.2%[22] - Net cash provided by operating activities was $189,225 thousand in 2024, compared to $123,964 thousand in 2025, indicating a 52.7% increase[20] Sector Performance - The aerospace and defense (A&D) sector revenue increased to $137 million in Q4 2025, representing 20% of total revenue[5] Liabilities and Current Financial Position - Total current liabilities decreased from $635,577 thousand in 2025 to $649,105 thousand in 2024, a reduction of approximately 1.5%[17] - Total liabilities decreased from $971,912 thousand in 2025 to $1,029,872 thousand in 2024, a decline of approximately 5.9%[17] Strategic Direction - The company plans to continue executing its growth strategy under new leadership, focusing on creating value for stakeholders[2] Cash Conversion Cycle - The cash conversion cycle decreased to 67 days in Q4 2025, down from 89 days in Q4 2024[6]
Unifi(UFI) - 2026 Q2 - Quarterly Results
2026-02-03 21:26
GREENSBORO, N.C., February 3, 2026 – Unifi, Inc. (NYSE: UFI), the makers of REPREVE ® and one of the world's leading innovators in recycled and synthetic yarns, today released operating results for the second fiscal quarter ended December 28, 2025. Second Quarter Fiscal 2026 Overview Eddie Ingle, Chief Executive Officer of Unifi, Inc., stated, "Our results for the second quarter were in line with our expectations. Over the last two years, we have executed numerous strategic initiatives to realign our cost s ...
Powell(POWL) - 2026 Q1 - Quarterly Results
2026-02-03 21:24
Financial Performance - Revenues for Q1 Fiscal 2026 totaled $251 million, a 4% increase from $241 million in Q1 Fiscal 2025[5] - Gross profit reached $71 million, representing 28.4% of revenue, a 20% increase compared to $59 million, or 24.7% of revenue, in the prior year[8] - Net income was $41 million, or $3.40 per diluted share, up 19% from $34.8 million, or $2.86 per diluted share, in the previous year[10] Orders and Backlog - New orders amounted to $439 million, a significant 63% increase from $269 million in the prior year, driven by strong activity in the Commercial & Other Industrial sector[9] - Backlog as of December 31, 2025, totaled $1.6 billion, reflecting a 16% increase compared to the same period last year[10] Market Performance - The Electric Utility market saw a revenue increase of 35%, while the Oil & Gas market grew by 2%[7] - The company secured its first megaproject order in the data center market, valued at approximately $75 million, contributing to over $100 million in total data center orders for the quarter[9] Financial Position and Outlook - Cash and short-term investments were $501 million as of December 31, 2025, up from $476 million at the end of the previous quarter[19] - The outlook for Fiscal 2026 remains positive, with expectations of sustained order activity driven by growing demand for electrical energy and LNG market recovery[11] - The company maintains a strong cash position with no debt, positioning itself well for future growth and value creation[11]
Intapp(INTA) - 2026 Q2 - Quarterly Report
2026-02-03 21:22
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _______________________________________________________________________ FORM 10-Q _______________________________________________________________________ (Mark One) x 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 Commissi ...
Enact (ACT) - 2025 Q4 - Annual Results
2026-02-03 21:22
This Share Repurchase Agreement (this "Agreement") is made and entered into as of February 2, 2026, by and between Enact Holdings, Inc., a Delaware corporation (the "Company"), and Genworth Holdings, Inc., a Delaware corporation (the "Genworth"). RECITALS WHEREAS, Genworth owns 114,588,830 shares (the "Shares") of the Common Stock, par value $0.01 per share, of the Company (the "Common Stock"), representing approximately 81% of the outstanding shares of Common Stock; WHEREAS, the Company's Board of Director ...
Artisan Partners(APAM) - 2025 Q4 - Annual Results
2026-02-03 21:20
Financial Performance - Artisan Partners reported a revenue increase of 8% in 2025 compared to 2024, reaching $1,196.7 million[10]. - Adjusted operating income rose by 12% to $422.6 million, with an adjusted operating margin of 35.3%[10]. - Total revenues for the three months ended December 31, 2025, were $335.5 million, an increase from $301.3 million in the previous quarter and $297.0 million year-over-year[33]. - Management fees from Artisan Funds & Artisan Global Funds reached $195.0 million, up from $192.5 million in the previous quarter and $178.4 million year-over-year[33]. - Performance fees for the quarter were $29.1 million, compared to $14.7 million in the same quarter last year[33]. - Operating income for the three months ended December 31, 2025, was $131.5 million, an increase from $101.8 million in the previous quarter and $109.1 million year-over-year[33]. - Net income attributable to Artisan Partners Asset Management Inc. was $94.8 million, compared to $66.8 million in the previous quarter and $69.7 million year-over-year[33]. - Basic earnings per share for Class A common shares were $1.32, up from $0.93 in the previous quarter and $0.97 year-over-year[33]. - Total operating expenses for the quarter were $204.0 million, compared to $199.5 million in the previous quarter and $187.9 million year-over-year[33]. - Adjusted net income (Non-GAAP) for Q4 2025 was $102.2 million, compared to $82.7 million in Q3 2025, reflecting a 23.5% growth[35]. - Adjusted EBITDA (Non-GAAP) for Q4 2025 reached $139.9 million, an increase from $114.4 million in Q3 2025, marking a 22.3% rise[35]. - Operating income (GAAP) for Q4 2025 was $131.5 million, compared to $101.8 million in Q3 2025, indicating a 29.2% increase[35]. - Adjusted operating margin (Non-GAAP) improved to 40.2% in Q4 2025 from 36.2% in Q3 2025[35]. Assets Under Management (AUM) - The company achieved a 12% growth in assets under management (AUM), totaling $179.9 billion at the end of 2025[10]. - Total assets as of December 31, 2025, were $1,577.3 million, a decrease from $1,618.8 million as of December 31, 2024[44]. - Assets under management decreased to $179.928 billion from $181.306 billion, reflecting a decline of approximately 0.76%[46]. - The average assets under management for the quarter were $180.889 billion, slightly down from the previous quarter's $181.306 billion[46]. - The ending assets under management for the quarter were $161.208 billion, down from $167.840 billion, indicating a decrease of approximately 3.99%[47]. - As of December 31, 2025, Artisan Partners reported total assets under management (AUM) of $179,928 million, an increase from $161,208 million at the end of 2024, representing a growth of approximately 11.6%[54]. - The average AUM for 2025 was reported at $173,004 million, compared to $160,232 million in 2024, indicating a year-over-year increase of about 7.9%[54]. Client Cash Flows - Artisan Partners experienced $12.7 billion in aggregate net outflows, primarily from three growth-oriented equity strategies[5]. - The firm generated net client cash inflows of $3.3 billion, with organic growth at 22%[4]. - Gross client cash inflows totaled $7.703 billion, while gross client cash outflows were $13.333 billion, resulting in a net cash flow of -$5.630 billion[46]. - The company experienced a net client cash flow of -$2.329 billion for the previous quarter, highlighting challenges in client retention[47]. - Gross client cash inflows for the three months ended December 31, 2025, were $7,703 million, compared to $6,084 million for the previous quarter[50]. - Net client cash flows for the three months ended December 31, 2025, were negative at $(5,630) million, reflecting a decrease from $(2,329) million in the prior quarter[50]. - The company reported a total of $39,696 million in gross client cash outflows for the year ended December 31, 2025[52]. Strategic Initiatives - Artisan Partners announced the acquisition of Grandview Property Partners, enhancing its strategic expansion into alternative investments[2]. - The company anticipates continued strong organic growth in 2026, leveraging new capabilities in alternative investments[7]. - Artisan Partners continues to focus on attracting experienced investment professionals to manage client assets across diverse investment strategies[30]. Investment Performance - Six equity strategies outperformed their respective indices by over 500 basis points net of fees in 2025[6]. - The Global Opportunities Strategy had an AUM of $16,537 million with a 1-year return of 10.14% and a 3-year return of 16.73%[57]. - The Non-U.S. Growth Strategy reported an AUM of $15,475 million with a 1-year return of 37.93% and a 3-year return of 21.19%[57]. - The Global Value Strategy had an AUM of $36,280 million, achieving a 1-year return of 35.45% and a 3-year return of 24.71%[57]. - The Sustainable Emerging Markets Strategy had an AUM of $2,537 million with a 1-year return of 43.91%[57]. - Antero Peak Strategy achieved a return of 21.80% since inception on May 1, 2017[59]. - Emerging Markets Local Opportunities Strategy reported a return of 25.39% since inception on August 1, 2022[59]. - Non-U.S. Small-Mid Growth Strategy delivered a return of 19.78% since inception on January 1, 2019[59]. - Global Unconstrained Strategy had a return of 12.79% since inception on April 1, 2022[59]. - Emerging Markets Debt Opportunities Strategy achieved a return of 16.77% since inception on May 1, 2022[59]. - MSCI Emerging Markets Index showed a return of 33.57%[59]. - J.P. Morgan GBI-EM Global Diversified Index reported a return of 19.26%[59]. - Approximately 18% of assets under management are maintained in separate composites due to client-imposed restrictions[59].
eGain(EGAN) - 2026 Q2 - Quarterly Results
2026-02-03 21:19
Exhibit 99.1 eGain Announces Second Quarter 2026 Financial Results AI Knowledge Hub ARR Increases 27% Year Over Year ● Total revenue was $23.0 million, up 3% year over year. ● AI Knowledge Hub annual recurring revenue grew 27% year over year to $48.4 million, contributing 64% of total SaaS annual recurring revenue. ● GAAP gross margin was 73%, compared to 70% in Q2 fiscal 2025. ● Non-GAAP gross margin was 74%, up from 71% in Q2 fiscal 2025. ● GAAP net income was $2.3 million, or $0.09 per share on a basic b ...
Gladstone Investment(GAIN) - 2026 Q3 - Quarterly Results
2026-02-03 21:19
Financial Performance - Total investment income for Q3 2025 was $25.1 million, a decrease of 0.9% from $25.3 million in Q2 2025[2] - Net investment loss for Q3 2025 was $6.5 million, or $0.16 per weighted-average common share, compared to a net investment income of $4.3 million, or $0.11 per share in Q2 2025[3] - Total expenses for Q3 2025 increased by 50.3% to $31.6 million from $21.0 million in Q2 2025, primarily due to a $9.9 million rise in accruals for capital gains-based incentive fees[5] - Net unrealized appreciation of investments was $70.2 million, contributing to a net increase in net assets resulting from operations of $65.9 million, a 129.5% increase from $28.7 million in Q2 2025[2] - Net asset value per common share rose to $14.95, up 10.5% from $13.53 in Q2 2025, driven by net unrealized appreciation and realized gains[7] - Total distributable earnings for Q3 2025 were $108.7 million, a significant increase of 108.0% from $52.2 million in Q2 2025[2] - Estimated spillover per common share decreased to $0.58 from $0.64 in Q2 2025, reflecting a 9.4% decline[2] Investment Activities - The company invested $33.1 million in a new portfolio company, Rowan Energy Inc., during the quarter[6] - The company sold 230,930 shares under its ATM program at a weighted-average gross price of $14.03 per share, raising approximately $3.2 million in net proceeds[6] - The company issued 6.875% Notes due 2028 with a total principal amount of $60.0 million and amended its credit facility to increase the size from $270.0 million to $300.0 million[6] Corporate Communications - The Company will hold its earnings release conference call on February 4, 2026, at 8:30 a.m. Eastern Time[11] - In January 2026, the Board of Directors declared monthly distributions to common stockholders[12] - A paper copy of the Quarterly Report on Form 10-Q is available for review, detailing financial information for the quarter ended December 31, 2025[14] - The Company provides investor relations inquiries through its dedicated website and phone number[15] Business Focus - Gladstone Investment Corporation focuses on secured debt and equity investments in lower middle market businesses in the U.S.[13] Forward-Looking Statements - Forward-looking statements regarding potential future distributions and earnings involve risks and uncertainties[16]