ADM(ADM) - 2025 Q4 - Annual Results
2026-02-03 11:03
Exhibit 99.1 ADM Reports Fourth Quarter and Full-year 2025 Results; Provides 2026 Guidance Reports fourth quarter 2025 EPS of $0.94 and adjusted EPS of $0.87, with full-year 2025 EPS of $2.23 and adjusted EPS of $3.43 2 1,2 2 1,2 Provides 2026 outlook underpinned by an expected increasingly constructive operating environment as global trade policies evolve and U.S. biofuel policy clarity progresses Announces increase in quarterly dividend, marking 53 consecutive years of dividend growth CHICAGO, February 3, ...
Willis Towers Watson(WTW) - 2025 Q4 - Annual Results
2026-02-03 11:02
Revenue Performance - Revenue for Q4 2025 was $2.94 billion, a decrease of 3% year-over-year, with organic growth of 6%[6]. - Full year 2025 revenue was $9.71 billion, a decrease of 2% compared to $9.93 billion in 2024, with organic growth of 5%[12]. - Total revenue for the three months ended December 31, 2025, was $2,936 million, a decrease of 3% compared to $3,035 million in 2024[52]. - The Health, Wealth & Career segment reported Q4 revenue of $1.65 billion, down 11%, but achieved organic growth of 6%[15][16]. - The Risk & Broking segment saw Q4 revenue increase to $1.25 billion, a 10% rise, with organic growth of 7%[18]. - Health, Wealth & Career segment revenue excluding interest income was $1,641 million, down 11% from $1,847 million in the previous year[52]. - Risk & Broking segment revenue excluding interest income increased by 10% to $1,229 million from $1,115 million[52]. - The company’s total revenue for the year ended December 31, 2025, was $9,708 million, a decrease of 2% from $9,930 million in 2024[53]. Income and Earnings - Net Income for Q4 2025 was $736 million, down 41% from $1.25 billion in Q4 2024, with diluted EPS at $7.62, a 38% decline[7][8]. - Adjusted net income for the three months ended December 31, 2025, was $784 million, compared to $811 million in 2024[62]. - Net income for 2025 was $1.613 billion, a significant recovery from a net loss of $88 million in 2024[81]. - The company reported a net income attributable to WTW of $735 million for Q4 2025, down from $1,246 million in Q4 2024[62]. - Diluted earnings per share for Q4 2025 was $7.62, down from $12.25 in Q4 2024[62]. Cash Flow and Financial Metrics - Free cash flow for the year ended December 31, 2025, was $1.55 billion, an increase of $279 million from the previous year[14]. - Free Cash Flow for the year ended December 31, 2025, was $1,546 million, up from $1,267 million in 2024, resulting in a Free Cash Flow Margin of 15.9%[73]. - Free cash flow is defined as cash flows from operating activities minus cash used for fixed assets and software, reflecting the core operating performance[42]. - Free cash flow margin indicates the percentage of revenue realized on a cash basis, serving as a meaningful metric for cash conversion[43]. - Net cash from operating activities improved to $1.775 billion in 2025, up from $1.512 billion in 2024, a growth of 17.4%[81]. Operating Performance - Adjusted EBITDA for Q4 2025 was $1.12 billion, representing 38.2% of revenue, a decrease of 3% year-over-year[7]. - Adjusted EBITDA for Q4 2025 was $1,121 million with a margin of 38.2%, compared to $1,151 million and a margin of 37.9% in Q4 2024[66]. - Operating margin for Q4 2025 improved to 34.6%, up 490 basis points from the prior year[8]. - Segment operating income for the three months ended December 31, 2025, was $1,164 million, slightly up from $1,159 million in 2024[55]. - Health, Wealth & Career segment operating margin improved to 44.3% in Q4 2025 from 41.9% in Q4 2024[58]. - Adjusted operating income for the year ended December 31, 2025, was $2,449 million with a margin of 25.2%, compared to $2,378 million and a margin of 23.9% in 2024[68]. Assets and Liabilities - Total assets increased to $29.53 billion in 2025 from $27.68 billion in 2024, representing a growth of 6.2%[78]. - Total current liabilities increased to $14.004 billion in 2025 from $12.598 billion in 2024, reflecting a rise of 11.2%[78]. - Long-term debt increased to $5.756 billion in 2025, compared to $5.309 billion in 2024, an increase of 8.4%[78]. - Total equity increased slightly to $8.052 billion in 2025 from $8.017 billion in 2024, reflecting a growth of 0.4%[78]. Shareholder Returns and Future Plans - The company plans to repurchase $1.0 billion or more in shares in 2026, subject to market conditions[20]. - The company repurchased shares worth $1.650 billion in 2025, compared to $901 million in 2024, indicating a significant increase in share buybacks[82]. - Expected foreign currency tailwind on Adjusted Diluted EPS for 2026 is approximately $0.30[23]. Risks and Strategic Focus - Risks include macroeconomic trends, changes in interest rates, and geopolitical risks that could impact financial results[46]. - The company is actively pursuing growth strategies, including acquisitions and enhancing its service offerings[45]. - Forward-looking statements highlight the uncertainties and risks associated with achieving the company's objectives and plans[49]. - The company emphasizes the importance of constant currency measures to provide transparency in performance by excluding foreign currency fluctuations[33]. - Organic change excludes the impact of foreign currency fluctuations and acquisitions, providing a clearer view of core operating results[34]. - Adjusted operating income and margin are key financial measures used to evaluate core operations and benchmark against competitors[36]. - Adjusted EBITDA and margin are also critical metrics for assessing core operations and performance-based compensation plans[37].
Gartner(IT) - 2025 Q4 - Annual Results
2026-02-03 11:01
Financial Performance - Fourth quarter revenues were $1.8 billion, representing a 2% increase as reported and unchanged FX neutral[5] - Net income for the fourth quarter was $242 million, a decrease of 39% year-over-year[5] - Adjusted EBITDA for the fourth quarter was $436 million, up 5% as reported and 1% FX neutral[5] - Full year revenues reached $6.5 billion, a 4% increase as reported and 3% FX neutral[5] - GAAP net income for Q4 2025 was $242 million, down from $399 million in Q4 2024, resulting in a diluted EPS of $3.36 compared to $5.11[28] - Total revenues for Q4 2025 reached $1,752.6 million, a slight increase from $1,715.1 million in Q4 2024, driven by growth in the Insights segment[28] - Adjusted net income for Q4 2025 was $284 million, with an adjusted EPS of $3.94, compared to $425 million and $5.45 in Q4 2024[24] - Operating income for Q4 2025 was $334.2 million, up from $317.8 million in Q4 2024, indicating improved operational efficiency[28] Share Repurchase and Stock Information - The company repurchased $2 billion of its stock in 2025, reducing the outstanding share count by 8% year-over-year[5] - The Board of Directors increased the share repurchase authorization by $500 million in January 2026[5] Contract Value and Sales Performance - Global Technology Sales Contract Value (GTS CV) was $3.9 billion, flat year-over-year FX neutral[9] - Global Business Sales Contract Value (GBS CV) was $1.2 billion, reflecting a 3% increase year-over-year FX neutral[9] - The company expects contract value to accelerate throughout 2026[3] Segment Performance - Segment revenues for Insights were $1.283 billion, a 3% increase, while Consulting revenues decreased by 13% to $134 million[7] Cash Flow and Expenses - Free cash flow for Q4 2025 was $311 million, an increase from $271 million in Q4 2024, while GAAP cash provided by operating activities was $295 million[25] - The company reported a total of $1,290 million in GAAP cash provided by operating activities for the year ended December 31, 2025, down from $1,485 million in 2024[25] - The cost of services and product development for Q4 2025 was $572.6 million, slightly lower than $574.9 million in Q4 2024[28] - The company incurred $78 million in workforce reduction expenses for the year ended December 31, 2025, compared to $35 million in 2024[24] - The effective tax rate on adjustments for Q4 2025 was approximately 3%, compared to 32% in Q4 2024[24] - The company’s total costs and expenses for Q4 2025 were $1,418.4 million, compared to $1,397.3 million in Q4 2024[28]
Teradyne(TER) - 2025 Q4 - Annual Results
2026-02-03 11:01
Teradyne Reports Fourth Quarter and Full Year 2025 Results | | | Q4'25 | | Q4'24 | | Q3'25 | | FY 2025 | | FY 2024 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Revenue (mil) | $ | 1,083 | $ | 753 | $ | 769 | $ | 3,190 | $ | 2,820 | | GAAP EPS | $ | 1.63 | $ | 0.90 | $ | 0.75 | $ | 3.47 | $ | 3.32 | | Non-GAAP EPS | $ | 1.80 | $ | 0.95 | $ | 0.85 | $ | 3.96 | $ | 3.22 | NORTH READING, Mass. – February 2, 2026 – Teradyne, Inc. (NASDAQ: TER) reported revenue of $1,083 million for the ...
CorVel(CRVL) - 2026 Q3 - Quarterly Results
2026-02-03 00:30
Financial Performance - Revenues for the nine months ended December 31, 2025, were $710 million, a 7% increase from $664 million in the same period of 2024[1] - Earnings per share for the nine months ended December 31, 2025, were $1.53, up 16% from $1.32 in the prior year[1] - Revenues for the quarter ended December 31, 2025, were $236 million, an increase from $228 million in the same quarter of 2024[1] - The company reported a net income of $79.3 million for the nine months ended December 31, 2025, compared to $68.7 million in the same period of 2024[8] Gross Profit and Cash Position - Gross profit for the quarter increased 4% to $54.9 million, with a gross margin of 23%[6] - The company exited the quarter with $230 million in cash and cash equivalents, with no borrowings[6] Shareholder Actions - CorVel repurchased $13.4 million of common stock during the quarter[6] Strategic Initiatives - The integration of a recent strategic acquisition is progressing ahead of plan, accelerating innovation and expanding technology capabilities[3] - AI initiatives are enhancing operational efficiency and improving outcomes for partners across products and services[3] Asset Growth - Total assets as of December 31, 2025, were $644.8 million, up from $546.0 million as of March 31, 2025[9]
Atkore (ATKR) - 2026 Q1 - Quarterly Results
2026-02-02 23:34
Exhibit 99.1 Atkore Inc. Announces First Quarter 2026 Results HARVEY, IL. — February 3, 2026 (BUSINESS WIRE) - Atkore Inc. (the "Company" or "Atkore") (NYSE: ATKR) announced earnings for its fiscal 2026 first quarter ended December 26, 2025. "Atkore's first quarter results were above our expectations in several areas of the business," said Bill Waltz, Atkore President and Chief Executive Officer. "We are pleased to highlight that our results include both volume growth and productivity gains. In addition, du ...
Atkore (ATKR) - 2026 Q1 - Quarterly Report
2026-02-02 23:28
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 26, 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 001-37793 Atkore Inc. (Exact name of registrant as specif ...
Enterprise Products Partners L.P.(EPD) - 2025 Q4 - Annual Results
2026-02-02 23:13
Financial Performance - Enterprise reported net income attributable to common unitholders of $5.8 billion for 2025, a slight decrease from $5.9 billion in 2024, resulting in earnings of $2.66 per common unit [3]. - Fourth quarter net income attributable to common unitholders was $1.6 billion, with fully diluted earnings of $0.75 per common unit, compared to $0.74 in Q4 2024 [8]. - Total revenues for Q4 2025 were $13,793 million, a decrease from $14,201 million in Q4 2024, while net income attributable to common unitholders was $1,644 million, compared to $1,619 million in the prior year [37]. - Net income attributable to common unitholders for Q4 2025 was $1,644 million, a slight increase from $1,619 million in Q4 2024 [54]. - Distributable Cash Flow (DCF) for the year ended December 31, 2025, reached $8,000 million, compared to $7,839 million in 2024, reflecting a growth of 2.06% [54]. Cash Flow and Distributions - Operational distributable cash flow (Operational DCF) was $7.9 billion for both 2025 and 2024, with a distribution increase of 3.6% to $2.175 per common unit for 2025 [4]. - The company reported a net cash flow provided by operating activities of $2,472 million in Q4 2025, an increase from $2,358 million in Q4 2024 [37]. - Adjusted Cash Flow from Operations (Adjusted CFFO) for Q4 2025 reached $2,427 million, compared to $2,301 million in Q4 2024, reflecting a growth of 5.5% [53]. - Free Cash Flow (FCF) for Q4 2025 was $1,212 million, significantly higher than $393 million in Q4 2024, marking a 208.5% increase [52]. - The net cash flow provided by operating activities for the year ended December 31, 2025, was $8,585 million, compared to $8,115 million in 2024, reflecting an increase of 5.77% [60]. Capital Investments and Expenditures - Total capital investments for 2025 were $5.6 billion, including $4.4 billion for growth capital projects and $632 million for acquisitions [6]. - The company expects organic growth capital investments for 2026 to be in the range of $1.9 billion to $2.3 billion, with sustaining capital expenditures around $580 million [6]. - Capital expenditures for the year ended December 31, 2025, totaled $4,988 million, up from $4,544 million in 2024, reflecting an increase of 9.76% [67]. - Total capital investments for the year ended December 31, 2025, amounted to $5,647 million, compared to $5,524 million in 2024, indicating a growth of 2.23% [67]. - Cash used for business combinations in 2025 was $949 million, consistent with the previous year's cash used for similar activities [67]. Operating Margins and Performance - Total gross operating margin for Q4 2025 was $2.7 billion, an increase from $2.6 billion in Q4 2024 [26]. - Non-GAAP total gross operating margin for Q4 2025 was $2,737 million, compared to $2,628 million in Q4 2024, indicating a positive trend in operational performance [37]. - Gross operating margin from the natural gas processing business was $439 million in Q4 2025, down from $483 million in Q4 2024, with a record inlet volume of 8.1 Bcf/d, a 5% increase year-over-year [27]. - Gross operating margin from NGL pipelines and storage reached a record $860 million in Q4 2025, an increase of $38 million compared to Q4 2024, with total NGL pipeline volumes at a record 4.9 million BPD [27]. - Natural gas pipelines and services reported a gross operating margin of $445 million in Q4 2025, up from $323 million in Q4 2024, with total pipeline volumes increasing to a record 21.1 TBtus/d, a 6% increase [30]. Pipeline Volumes and Market Trends - NGL pipeline transportation volumes increased to 4,871 MBPD in Q4 2025, up from 4,814 MBPD in Q4 2024, representing a growth of 1.2% [42]. - Natural gas pipeline transportation volumes increased to 21,062 BBtus/d in Q4 2025, compared to 19,929 BBtus/d in Q4 2024, a growth of 5.7% [42]. - Total NGL, crude oil, petrochemical, and refined products pipeline transportation volumes reached 8,583 MBPD in Q4 2025, up from 8,370 MBPD in Q4 2024, a growth of 2.5% [42]. - Crude oil pipeline transportation volumes were 2,576 MBPD in Q4 2025, slightly down from 2,595 MBPD in Q4 2024, a decrease of 0.7% [42]. - The average WTI crude oil price for 2025 is projected to be $64.84 per barrel, down from $75.73 per barrel in 2024, a decrease of 14.9% [49]. Future Outlook and Growth - The company anticipates continued growth in pipeline volumes and operating margins across its segments, driven by increased demand for midstream energy services [35]. - The acquisition of midstream assets from Occidental is expected to provide additional growth projects in natural gas gathering and processing in the Midland Basin [22]. - The Bahia NGL Pipeline, which began operations in December 2025, has a capacity of 600 MBPD and is set to expand to 1 million BPD by Q4 2027 [20].
PepsiCo(PEP) - 2025 Q4 - Annual Results
2026-02-02 23:12
Exhibit 99.1 PepsiCo Reports Fourth Quarter and Full-Year 2025 Results; Affirms 2026 Financial Outlook; Announces Annual Dividend Increase Reported (GAAP) Fourth Quarter and Full-Year 2025 Results | | Fourth Quarter | Full-Year | | --- | --- | --- | | Net revenue performance | 5.6% | 2.3% | | Foreign exchange impact on net revenue | 2% | —% | | Earnings per share (EPS) | $1.85 | $6.00 | | EPS change | 68% | (14)% | | Foreign exchange impact on EPS | 5% | —% | Organic/Core (non-GAAP) Fourth Quarter and Full- ...
PepsiCo(PEP) - 2025 Q4 - Annual Report
2026-02-02 23:07
Table of Contents 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 27, 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 1-1183 PepsiCo, Inc. (Exact Name of Registrant as Specified in its Charter) (State or Other Jurisdiction of Incorporati ...