NEWS RELEASE www.ATImaterials.com ATI Inc. Investor Contact: Media Contact: Corporate Headquarters David Weston Natalie Gillespie 2021 McKinney Avenue 412-394-2908 412-389-3124 Dallas, TX 75201 U.S.A. david.weston@ATImaterials.com natalie.gillespie@ATImaterials.com ATI Announces Fourth Quarter and Fiscal Year 2025 Results Annual sales of $4.6 billion represent highest total since 2012 Guidance The Company is providing first quarter and fiscal year 2026 guidance in the table below. | | | | | | | | Current | ...

Financial Performance - Net sales for Q1 2026 increased by 13.9% to $2,285 million from $2,006 million in Q1 2025, with organic sales growth at 7.4%[3] - Net income for the quarter was $445 million, a decrease of 9.7% compared to $493 million in the prior year, primarily due to higher interest expenses[4] - Adjusted net income rose by 5.0% to $479 million, or $8.23 per share, compared to $456 million, or $7.83 per share, in the same quarter last year[6] - EBITDA for the quarter increased by 5.5% to $1,147 million, while EBITDA As Defined rose by 12.8% to $1,197 million, with a margin of 52.4%[7] - Gross profit for the same period was $1,352 million, up from $1,235 million, reflecting a gross margin of 59.2%[30] - EBITDA for the thirteen-week period was $1,147 million, compared to $1,087 million in the prior year, with an EBITDA As Defined margin of 52.4%[33][39] - Net income attributable to TD Group for the period was $445 million, down from $493 million, resulting in earnings per share of $6.62, compared to $7.62 in the previous year[30][34] - Adjusted diluted earnings per share for the thirteen-week period were $8.23, compared to $7.83 in the same period last year[34] Future Guidance - Fiscal 2026 financial guidance was raised, anticipating net sales between $9,845 million and $10,035 million, a 12.6% increase at the midpoint compared to $8,831 million in fiscal 2025[18] - Expected net income for fiscal 2026 is projected to be between $1,952 million and $2,064 million, reflecting a decrease of 3.2% at the midpoint compared to fiscal 2025[18] - Earnings per share for fiscal 2026 are expected to range from $32.47 to $34.39, an increase of 4.2% at the midpoint compared to $32.08 in fiscal 2025[18] - EBITDA As Defined for fiscal 2026 is anticipated to be between $5,140 million and $5,280 million, a 9.5% increase at the midpoint compared to $4,760 million in fiscal 2025[18] - The company provided guidance for fiscal year 2026, projecting net sales between $9,845 million and $10,035 million, and adjusted earnings per share between $37.42 and $39.34[41] - The current fiscal year 2026 guidance reflects an increase in net income expectations by $42 million compared to prior guidance, with a midpoint of $1,952 million to $2,064 million[41] Acquisitions and Capital Allocation - The company announced two acquisitions expected to cost approximately $3.2 billion, targeting businesses with proprietary products that generate significant aftermarket revenue[10] - The company remains focused on capital allocation and has significant liquidity to address capital requirements for future growth[10] Cash and Debt Management - Cash and cash equivalents as of December 27, 2025, were $2,528 million, a decrease from $2,808 million at the end of September 2025[37] - Long-term debt stood at $29,197 million, slightly up from $29,167 million in the previous quarter[37] - The company reported net cash provided by operating activities of $832 million for the thirteen-week period, an increase from $752 million in the prior year[35]

PayPal Reports Fourth Quarter and Full Year 2025 Results Diversified, profitable growth in '25; Investing to strengthen foundation and accelerate growth initiatives SAN JOSE, Calif., (February 3, 2026) – PayPal Holdings, Inc. (NASDAQ: PYPL) today reported results for the fourth quarter and full year ending December 31, 2025. "In 2025, PayPal delivered solid performance across multiple areas of the business. We grew revenue, transaction margin dollars, and earnings per share, underscoring the strength of our ...

February 3, 2026 Fellow Shareholders: Fiscal 2026 marks a step change in our trajectory. Having successfully closed the Hulu + Live TV combination, we have established a strong foundation as a scaled platform with 6.2 million subscribers. While this enhances Fubo's position in Pay TV, our ambition is to scale further and rival the industry's incumbents. Today, we accelerate that pursuit with our announcement of plans for a new reseller and marketing arrangement with ESPN. Per comScore, ESPN reached more tha ...

Financial Performance - For the first quarter of fiscal 2026, Spire reported net income of $95.0 million, or $1.54 per diluted share, compared to $81.3 million, or $1.34 per share, in the prior year, representing a year-over-year increase of 16.5% in net income [3]. - Adjusted earnings for the first quarter were $108.4 million, or $1.77 per share, an increase of $0.43 compared to $81.1 million, or $1.34 per share, in the previous year [3]. - Total operating revenues for the first quarter were $762.2 million, up from $669.1 million in the prior year, reflecting a 13.9% increase [21]. - Operating income increased to $173.5 million from $148.8 million, marking a 16.6% rise year-over-year [21]. - Net income for the three months ended December 31, 2025, was $95.0 million, compared to $81.3 million for the same period in 2024, reflecting a year-over-year increase of 16.5% [23]. - Adjusted earnings for the three months ended December 31, 2025, were $108.4 million, up from $81.1 million in 2024, marking a significant increase of 33.6% [24]. - Operating Revenues for the three months ended December 31, 2025, were $762.2 million, an increase from $669.1 million in the same period of 2024, representing a year-over-year growth of approximately 13.9% [26]. - Contribution Margin (Non-GAAP) for Q4 2025 was $419.6 million, up from $372.3 million in Q4 2024, indicating a growth of about 12.7% [26]. - Operating Income (GAAP) for Q4 2025 was $173.5 million, compared to $148.8 million in Q4 2024, reflecting an increase of approximately 16.6% [26]. Segment Performance - The Gas Utility segment's adjusted earnings increased to $103.9 million from $77.8 million, driven by higher earnings at Spire Missouri and Spire Alabama [5]. - Contribution margin rose by $48.0 million, primarily due to new rates in Spire Missouri and increased revenues from the Infrastructure System Replacement Surcharge (ISRS) [6]. - The company reported a contribution margin of $380.2 million from utility operations in Q4 2025, compared to $332.2 million in Q4 2024, indicating a growth of approximately 14.5% [26]. Guidance and Future Plans - The company affirmed its fiscal 2026 adjusted earnings guidance range of $5.25–$5.45 per share and fiscal 2027 guidance of $5.65–$5.85 per share [3]. - The company plans a 10-year capital investment target of $11.2 billion through fiscal 2035, focusing on infrastructure and new business in the Gas Utility segment [15]. Debt and Assets - Long-term debt (less current portion) rose to $4,449.4 million in September 2025, compared to $3,369.4 million in December 2024, indicating an increase of 32.0% [22]. - Total assets increased to $11,881.9 million in September 2025, up from $11,575.3 million in December 2024, representing a growth of 2.6% [22]. - The company issued $1,100.0 million in long-term debt during the financing activities for the three months ended December 31, 2025 [23]. Cash Flow and Expenses - Cash provided by operating activities was $81.0 million for the three months ended December 31, 2025, slightly down from $81.1 million in 2024 [23]. - Capital expenditures for the three months ended December 31, 2025, were $202.8 million, down from $260.6 million in 2024, a decrease of 22.1% [23]. - Total current liabilities decreased to $1,713.3 million in September 2025 from $2,548.6 million in December 2024, a reduction of 32.7% [22]. - Retained earnings increased to $1,127.7 million in September 2025, compared to $1,087.6 million in December 2024, reflecting a growth of 3.7% [22]. - The cash balance at the end of the period was $39.9 million, down from $41.9 million at the end of December 2024, a decrease of 4.8% [23]. Operating Expenses - Natural gas costs for Q4 2025 totaled $312.7 million, which is higher than $270.0 million in Q4 2024, marking an increase of about 15.9% [26]. - Operation and maintenance expenses for Q4 2025 were $139.9 million, slightly up from $129.3 million in Q4 2024, showing an increase of approximately 8.1% [26]. - Depreciation and amortization expenses rose to $81.4 million in Q4 2025 from $72.3 million in Q4 2024, representing an increase of about 12.6% [26]. - Taxes, other than income taxes, were $54.7 million in Q4 2025, compared to $48.7 million in Q4 2024, indicating a year-over-year increase of approximately 18.9% [26]. - Gross receipts tax expense for Q4 2025 was $29.9 million, up from $26.8 million in Q4 2024, reflecting an increase of about 11.6% [26]. Other Activities - Adjusted loss from other activities was $12.7 million, compared to a loss of $10.9 million in the prior year, primarily due to higher corporate costs and interest expense [11]. - The operating income from marketing operations in Q4 2025 was a loss of $3.9 million, an improvement from a loss of $2.7 million in Q4 2024, showing a reduction in losses [26].

Financial Performance - Net sales for the first quarter of fiscal year 2026 were $537.3 million, an increase of 0.8% year-over-year, driven by a 0.7% increase in volume and a 0.1% increase in price/mix [5]. - Premier Protein net sales decreased by 1.2%, with a 1.0% decrease in price/mix and a 0.2% decrease in volume, while Dymatize net sales increased by 15.8% due to strong volume growth, particularly in the international channel [6]. - Gross profit was $160.8 million, or 29.9% of net sales, a decrease from $199.6 million, or 37.5% of net sales, in the prior year period, impacted by significant input cost inflation [7]. - Adjusted EBITDA for the first quarter was $90.3 million, a decrease of $35.0 million compared to $125.3 million in the prior year period [12]. - Net earnings for the first quarter were $43.7 million, a decrease of $33.2 million compared to $76.9 million in the prior year period, with diluted earnings per share at $0.36 [11]. - Operating profit fell to $78.5 million in Q1 2025, compared to $115.3 million in Q1 2024, indicating a decline of 31.9% [26]. - Net earnings for the three months ended December 31, 2025, were $43.7 million, down from $76.9 million in the same period of 2024, a decrease of 43.3% [26]. - Adjusted net earnings for Q1 2025 were $44.7 million, compared to $76.2 million in Q1 2024, reflecting a decline of 41.6% [40]. - Diluted earnings per common share decreased to $0.36 in Q1 2025 from $0.59 in Q1 2024, a drop of 38.7% [42]. Outlook - The company has narrowed its fiscal year 2026 net sales outlook to $2.41-$2.46 billion, expecting a growth rate of 4% to 6% [15]. - Adjusted EBITDA outlook for fiscal year 2026 is set at $425-$440 million, approximately 18% of net sales [15]. Expenses and Costs - Selling, general and administrative expenses were $78.0 million, or 14.5% of net sales, a decrease from $80.1 million, or 15.0% of net sales, in the prior year period [8]. - Interest expense increased to $20.0 million in the first quarter of 2026 from $14.4 million in the prior year, primarily due to higher outstanding borrowings [10]. - Income tax expense decreased to $14.8 million in Q4 2025 from $24.0 million in Q4 2024 [44]. - Stock-based compensation decreased to $5.6 million in Q4 2025 from $6.3 million in Q4 2024 [44]. - Office relocation costs were $0.9 million in Q4 2025, with no such costs reported in Q4 2024 [44]. - Separation costs were $0.4 million in Q4 2025, with no such costs reported in Q4 2024 [44]. Assets and Liabilities - Total assets increased to $1,060.3 million as of December 31, 2025, up from $941.0 million as of September 30, 2025, representing a growth of 12.7% [28]. - Long-term debt rose to $1,184.6 million as of December 31, 2025, compared to $1,084.3 million as of September 30, 2025, an increase of 9.2% [28]. - Cash and cash equivalents decreased to $64.1 million as of December 31, 2025, down from $71.8 million as of September 30, 2025, a decline of 24.1% [28]. - The company reported a net decrease in cash, cash equivalents, and restricted cash of $12.1 million for the three months ended December 31, 2025, compared to a decrease of $21.5 million in the same period of 2024 [29]. Market Performance - Net sales for the three months ended December 31, 2025, were $537.3 million, a slight increase from $532.9 million in the same period of 2024, representing a growth of 0.8% [26]. - Gross profit decreased to $160.8 million in Q1 2025 from $199.6 million in Q1 2024, reflecting a gross profit margin of 29.9%, down from 37.5% [26][37]. - Net Earnings as a percentage of Net Sales decreased to 8.1% in Q4 2025 from 14.4% in Q4 2024 [44]. - Adjusted EBITDA as a percentage of Net Sales decreased to 16.8% in Q4 2025 from 23.5% in Q4 2024 [44]. - Interest expense increased to $20.0 million in Q4 2025 from $14.4 million in Q4 2024 [44]. - Mark-to-market adjustments on commodity hedges showed no impact in Q4 2025, compared to a loss of $1.5 million in Q4 2024 [44].

Financial Performance - Q4 2025 net loss of $482 million, diluted EPS of $(1.08), and adjusted EPS of $(1.08), primarily due to a 24% decrease in total crypto market capitalization[13] - Full year 2025 net loss of $241 million, diluted EPS of $(0.61), and adjusted EPS of $(0.61), impacted by lower digital asset prices and approximately $160 million in one-time costs[13] - Total revenues for the year ended December 31, 2025, were $60,406,728, a 42% increase from $42,596,673 in 2024[54] - Net loss for the year ended December 31, 2025, was $(241,349), compared to a net income of $346,722 in 2024[54] - Adjusted gross profit for the year ended December 31, 2025, was $426,134, down from $1,016,014 in 2024[60] - The adjusted income (loss) per share for the year ended December 31, 2025, was $(0.61), compared to $0.84 in 2024[71] - Basic net income per Class A common stock for Q4 2025 was $(1.04), down from $0.34 in Q4 2024[57] - Net income for the year ended December 31, 2025, was $(241,349) thousand, compared to $(434,137) thousand in the previous year[64] - Adjusted EBITDA for the year ended December 31, 2025, was $33,671 thousand, a significant improvement from $(215,813) thousand in 2024[64] Assets and Liabilities - Total assets as of Q4 2025 were $11,348 million, a 2% decrease from Q3 2025, while total equity was $3,035 million, down 4%[3] - Galaxy Digital Inc. reported total assets of $11.35 billion as of December 31, 2025, compared to $7.12 billion in 2024, reflecting a significant growth of approximately 59% year-over-year[51] - The company's current assets increased to $8.52 billion in 2025 from $5.88 billion in 2024, marking an increase of about 45%[51] - Total liabilities rose to $8.31 billion in 2025, up from $4.93 billion in 2024, indicating a 68% increase year-over-year[52] - Galaxy Digital's digital intangible assets, which include significant fair value measurements, increased to $3.53 billion in 2025 from $2.55 billion in 2024, representing a growth of approximately 38%[51] Operational Highlights - Digital Assets generated adjusted gross profit of $51 million in Q4 2025, down 84% from $318 million in Q3 2025[11] - Asset Management business saw $2.0 billion in net inflows, representing 34% organic growth, with total assets on platform ending the year at $12 billion[9] - Average loan book size increased marginally to $1.8 billion, demonstrating resilience despite lower digital asset prices[14] - Galaxy Digital's digital assets loan receivable increased to $1.07 billion in 2025 from $579.53 million in 2024, reflecting an increase of approximately 85%[51] - The company incurred a mining-related impairment loss of $95,056 thousand during the year ended December 31, 2025[64] Capital and Investments - The company raised $325 million in equity capital and $1.3 billion in exchangeable senior notes to fund growth initiatives[9] - Galaxy expanded its staking platform through five integrations with leading global custodians and acquired Alluvial Finance to enhance its staking capabilities[9] - Galaxy's Helios Data Center campus received ERCOT approval for an additional 830 MW of power capacity, bringing total approved capacity to over 1.6 gigawatts[22] - The company is positioned among the largest data center developers in North America with its 1.6 GW Helios campus in Texas, which supports AI and HPC workloads[35] Future Outlook - Galaxy Digital plans to host an Earnings AMA on February 10, 2026, to discuss financial results and forward-looking statements, indicating a commitment to transparency with investors[34] - The adjusted EBITDA for the fiscal year 2025 is expected to provide insights into operational performance, although specific figures were not disclosed in the preliminary information[41] - The company emphasizes the importance of adjusted gross profit and adjusted EPS as non-GAAP financial measures to provide a clearer picture of financial performance[41] Expenses - Operating expenses for the year ended December 31, 2025, totaled $61,593,507, up from $43,399,054 in 2024, reflecting a 42% increase[54] - Total operating expenses for Q4 2025 were $10,780,946, a 34% decrease from $16,222,765 in Q4 2024[57] - Settlement expenses for the year ended December 31, 2025, amounted to $8,933 thousand[64] - Depreciation and amortization expense for the year ended December 31, 2025, was $34,069 thousand[64] - The impairment of digital assets for the year ended December 31, 2025, was $753,701, compared to $331,920 in 2024[54] - Equity-based compensation and related expenses totaled $65,519 thousand for the year ended December 31, 2025[64]

Financial Performance - Net sales for the first quarter decreased by 5.2% year-over-year to $343.8 million, primarily due to a decline in the bakery business and strategic portfolio rationalization efforts [2][4]. - Gross profit increased to $96.0 million, with a gross margin improvement from 25.9% to 27.9%, reflecting early benefits from Project Apollo initiatives [5]. - Operating income was $0.6 million, a significant decline of 89.8% compared to the prior year quarter, while adjusted operating income was $8.0 million, down 2.4% year-over-year [2][7]. - Net earnings fell to $0.9 million, representing an 82.8% decrease from the previous year, with earnings per diluted share at $0.05, down from $0.26 [2][7]. - Adjusted EBITDA grew by 7.0% year-over-year to $27.0 million, indicating improved operational efficiency despite declining sales [2][3]. Segment Performance - The Food Service segment experienced an 8.3% decline in net sales, while the Retail Supermarket segment saw a 2.6% increase [4][10]. - The pretzel business continued to show growth, with sales increasing approximately 6.9%, driven by share gains from Bavarian formula pretzels [10]. Cost and Expenses - Selling and marketing expenses rose by 9.9% to $31.5 million, attributed to higher commissions and investments for the peak summer season [10]. - The company incurred a plant closure expense of $6,113 thousand during the three months ended December 27, 2025 [26]. Shareholder Actions - The company announced a new $50 million share repurchase authorization, reflecting confidence in long-term value and a strong balance sheet [3][12]. - Payments to repurchase common stock amounted to $42,000 thousand during the financing activities for the period [24]. Asset and Cash Management - Total assets decreased from $1,381,501 thousand as of September 27, 2025, to $1,313,274 thousand as of December 27, 2025, representing a decline of approximately 4.9% [22]. - Cash and cash equivalents decreased from $105,893 thousand at the beginning of the period to $66,761 thousand at the end, a decline of 37.0% [24]. - The company reported a decrease in accounts receivable, with a net reduction of $22,872 thousand for the three months ended December 27, 2025 [24]. Project Initiatives - The company is on track to achieve $20 million in annualized savings from its Project Apollo business transformation program [3].

Exhibit 99 NEW YORK, Tuesday, February 3, 2026 — Pfizer Inc. (NYSE: PFE) reported financial results for fourth-quarter and full- year 2025 and reaffirmed its full-year 2026 financial guidance provided on December 16, 2025. (1) EXECUTIVE COMMENTARY Dr. Albert Bourla, Chairman and CEO of Pfizer: "With excellent execution in 2025, we delivered a solid financial performance and strengthened Pfizer's foundation for future growth. Looking ahead, 2026 will be an important year rich in key catalysts, including our ...

Financial Performance - Fourth quarter 2025 earnings per share reached a record $2.91, with adjusted earnings per share at $3.33, up 18% from 2024[2][8] - Sales for the fourth quarter were $7.1 billion, a record high, representing a 13% increase from the fourth quarter of 2024, driven by 9% organic growth[3][5] - Segment margins for the fourth quarter were 24.9%, a record and a 20-basis point improvement over the same period in 2024[4][8] - For the full year 2025, sales totaled $27.4 billion, up 10% from 2024, with 8% organic growth contributing to this increase[5][6] - The company reported operating cash flow of $2.0 billion and free cash flow of $1.6 billion for the fourth quarter, both records and up 23% and 17% respectively from 2024[4][7] - Total net sales for Q4 2025 reached $7,055 million, a 13.1% increase from $6,240 million in Q4 2024[25] - Net income attributable to Eaton ordinary shareholders for the year ended December 31, 2025, was $4,087 million, up 7.7% from $3,794 million in 2024[25] - Free cash flow for Q4 2025 was $1,573 million, compared to $1,342 million in Q4 2024, reflecting a 17.2% increase[29] - Eaton's operating cash flow for the year ended December 31, 2025, was $4,472 million, slightly up from $4,327 million in 2024[29] - Eaton's total assets increased to $41,251 million as of December 31, 2025, up from $38,381 million in 2024[26] Future Expectations - For 2026, the company expects earnings per share to be between $11.57 and $12.07, representing a 13% increase at the midpoint over 2025[8][10] - The company anticipates organic growth of 7-9% and segment margins of 24.6-25.0% for 2026[15] - The company expects adjusted earnings per ordinary share for 2026 to be between $13.00 and $13.50, reflecting strong future performance expectations[29] Segment Performance - The Electrical Americas segment achieved record sales of $3.5 billion in the fourth quarter, up 21% from the same period in 2024[10] - Aerospace segment sales reached a record $1.1 billion, up 14% from the fourth quarter of 2024, with operating margins of 24.1%[14] - Eaton's segment operating profit for Q4 2025 was $1,760 million, a 14.2% increase from $1,542 million in Q4 2024[25] Acquisitions and Strategic Moves - The acquisition of Fibrebond Corporation for $1.43 billion is expected to enhance Eaton's capabilities in modular power enclosures, with Fibrebond reporting sales of approximately $378 million for the twelve months ended February 28, 2025[32] - Eaton plans to acquire Boyd Thermal for $9.5 billion, which is expected to close in Q2 2026, enhancing its position in thermal components for data centers[36] - The company announced plans to spin off its Mobility business, which includes Vehicle and eMobility segments, by the end of Q1 2027[38] Restructuring and Charges - Eaton has incurred $335 million in charges since the inception of its multi-year restructuring program, which is expected to total $475 million by completion in 2026[42] - The restructuring program is anticipated to yield mature year benefits of $375 million once fully implemented[42] - For the three months ended December 31, 2024, total restructuring charges after income taxes amounted to $56 million, translating to $0.14 per diluted share[43] - The total restructuring charges for the year ended December 31, 2024, were $202 million, with a net amount after income taxes of $160 million[43] - The company expects additional expenses of $102 million related to workforce reductions and $38 million for plant closing and other costs as part of the restructuring program[42] Intangible Assets - The total intangible asset amortization expense for the twelve months ended December 31, 2025, was $486 million, with a net amount after income taxes of $384 million[44] - The intangible asset amortization expense for the three months ended December 31, 2025, was $121 million, compared to $107 million for the same period in 2024[44] - The income tax benefit related to intangible asset amortization for the twelve months ended December 31, 2025, was $101 million[44] - The Electrical Global segment incurred $24 million in restructuring charges for the three months ended December 31, 2025, while the Aerospace segment incurred $10 million[43] - The Vehicle segment reported a restructuring credit of $10 million for the three months ended December 31, 2025[43]