Fourth Quarter 2025 Results of Operations For the fourth quarter of 2025, revenues totaled $4.51 billion, an increase of 19.7%, compared to $3.77 billion for the fourth quarter of 2024. On an organic basis, fourth quarter revenues increased 9.5%. Net income for the fourth quarter of 2025 was $434.6 million, or $9.68 per diluted share, compared to net income of $292.2 million, or $6.32 per diluted share, for the fourth quarter of 2024. Net income for the fourth quarter of 2025 included $10.7 million, or $7.9 ...

Corporate Structure and Governance - The Company executed a Domination and Profit and Loss Transfer Agreement (DPLTA) with Adtran Networks, effective January 16, 2023, establishing effective control over Adtran Networks [38]. - The company’s executive team includes Thomas R. Stanton as CEO and Chairman, and Timothy Santo as CFO, with significant experience in their respective roles [108]. Financial Performance and Revenue - The Company operates two reportable segments: Network Solutions and Services & Support, focusing on revenue and gross profit analysis [40]. - The Company reported that one customer accounted for over 10% of its revenue in 2025, with the next five largest customers contributing 20.4% of total revenue [60]. - Seasonal fluctuations in revenue are observed, particularly with lower spending in the first fiscal quarter as customers finalize budgets [80]. - As of December 31, 2025, the company had $92.0 million in cash and cash equivalents exceeding government insured depository limits, with minimal credit risk assessed [399]. - Approximately $0.6 million of cash and investments are sensitive to interest rate changes, with a hypothetical 50 basis point decline potentially reducing annualized interest income by less than $0.1 million [400]. - A hypothetical 10% movement in foreign exchange rates could impact the company by approximately $6.3 million for the year ended December 31, 2025 [401]. - The company incurs approximately 44.0% of total operating expenses in non-USD local currencies, exposing it to foreign currency fluctuations [401]. - Changes in monetary exchange rates for non-functional currencies could result in a combined hypothetical gain or loss of $8.1 million if the U.S. dollar fluctuates by 10% against billing currencies [402]. Research and Development - Research and development expenditures totaled $204.3 million in 2025, down from $258.3 million in 2023, indicating a strategic focus on cost management [67]. - The Company launched several new products in 2025, including a 50G C-band pluggable transceiver and expanded its Wi-Fi 7 portfolio, enhancing its competitive position in the market [71]. - The company has approximately 1,000 patents worldwide, with expiration dates ranging from 2026 to 2044, and over 50 additional pending patent applications [102]. Market Position and Competition - The global demand for bandwidth is increasing, driven by the rise of connected devices and the transition to cloud-based services, necessitating investments in fiber-based broadband solutions [54]. - The Company aims to lead in fiber networking and plans to increase its focus on North America and EMEA markets for growth [58]. - The company competes with major players like Calix, Ciena, and Nokia across various product categories, including Subscriber Solutions and Optical Networking [79]. Operations and Supply Chain - The Services & Support segment provides a comprehensive portfolio of network design and maintenance services, enhancing operational efficiency for customers [42]. - Manufacturing processes include sourcing materials globally, with certain key components available from limited suppliers, which has previously caused delivery delays [74][75]. - The company ships products primarily from its Huntsville, Alabama facility, with international logistics hubs in Meiningen, Germany, and York, United Kingdom [76]. - Recent increases in costs for critical raw materials due to tariffs have negatively impacted financial results, with potential future tariffs posing additional risks [77]. Sustainability and Compliance - The Company emphasizes sustainability in its operations, targeting science-based emissions reductions and eco-design in product development [58]. - The company is committed to sustainability, with programs aimed at reducing waste and emissions, and plans to issue a sustainability report in early 2026 [91][92]. - Compliance with various government regulations, including environmental and telecommunications standards, is a priority for the company [85][86]. Human Resources and Talent Development - As of December 31, 2025, the company employed 3,338 individuals, with a significant portion in engineering and technical roles [94]. - The company invests in talent development, providing numerous training opportunities to enhance employee competencies and leadership potential [100]. - The company offers a comprehensive compensation and benefits program, including long-term equity incentives and various health and wellness benefits [99]. Legal and Risk Management - The company is exposed to patent litigation risks, which could have a material adverse effect on its business and operating results [105]. - The company maintains substantial inventories to support customer demand, which also increases the risk of obsolescence [83].

TRIMAS REPORTS FOURTH QUARTER AND FULL YEAR 2025 RESULTS BLOOMFIELD HILLS, Michigan, February 26, 2026 - TriMas (NASDAQ: TRS) today announced financial results for the fourth quarter and full year ended December 31, 2025. Summary ($ in millions, except per share amounts) | | | | | | Twelve months ended December 31, | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | As Reported | | | | (1,2) Adjusted | | | | | 2025 | 2024 | % Change | | 2025 | 2024 | % Change | | Net sales | | | | | | | ...

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 PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-11261 SONOCO PRODUCTS COMPANY (Exact name of registrant as specified in its charter) South Carolina (State or other jurisdiction of incorporati ...

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended February 1, 2026 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____ to ____ UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) (State or other jurisdiction of incorporation or organization) 36-2382580 (IRS Employer Identification No.) One John Deere Place Moline, Illino ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K x Annual report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the fiscal year ended December 31, 2025 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: 001-16133 DELCATH SYSTEMS, INC. (518) 743-8892 Indicate by check mark if the registrant is a well-known season ...

Revenue Concentration - E-Infrastructure Solutions segment revenue concentration: top four customers accounted for 27% in 2025, 31% in 2024, and 40% in 2023[30] - Transportation Solutions segment revenue concentration: top four state DOTs accounted for 58% in 2025, 47% in 2024, and 50% in 2023[31] - Building Solutions segment revenue concentration: top four customers accounted for 45% in 2025, 36% in 2024, and 42% in 2023[32] Financial Performance - Backlog value increased to $3.01 billion in 2025 from $1.69 billion in 2024, with approximately $300.7 million in unsigned awards[36] - Company had $292.5 million in variable rate debt; a 100-basis point change in interest rates would affect interest expense by approximately $2.9 million annually[213] - Cash and cash equivalents stood at $390.7 million; a 100-basis point change in interest rates would impact interest income by approximately $3.9 million annually[213] - Inflation has led to increased costs in oil, fuel, lumber, concrete, steel, and labor, negatively impacting financial results since 2021[215] Workforce and Operations - Approximately 4,400 employees as of December 31, 2025, with a turnover rate typical in the construction industry[47][48] - Company’s contracts are primarily fixed-unit price or lump sum, with substantial backlog contracted under these terms[37] - Company maintains adequate insurance coverage and bonding requirements for its operations, which are essential for contract performance[40][41]

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 ☐ 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 001-36076 FATE THERAPEUTICS, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K _________________________ Table of Contents (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 28, 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 001-42022 _________________________ Centuri Holdings, Inc. (Exact name of registrant ...

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 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ________________________________________________________________ ☐ 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 ...