WisdomTree(WT) - 2025 Q4 - Annual Results
2026-01-30 13:00
Assets Under Management (AUM) - WisdomTree reported a record AUM of $144.5 billion, reflecting a 5.3% increase from the prior quarter due to market appreciation and the Ceres Acquisition[3] - WisdomTree has approximately $159.0 billion in assets under management globally, including assets from the recent acquisition of Ceres Partners, LLC[26] - The end of period assets increased to $144.5 billion as of September 30, 2025, up from $137.2 billion at the end of the previous quarter[32] - The average assets during the period were $140.7 billion, compared to $130.8 billion in the prior quarter, reflecting a growth of approximately 6.5%[32] - Total assets increased to $1,512,941,000 as of December 31, 2025, up from $1,033,540,000 a year earlier, representing a growth of approximately 46.3%[38] Financial Performance - Operating revenues reached $147.4 million, marking a 17.4% increase from the prior quarter, driven by the Ceres Acquisition and higher average AUM[5] - Operating revenues increased by 17.4% from the third quarter of 2025 and 33.2% from the fourth quarter of 2024, driven by the Ceres Acquisition and higher average AUM[21] - Net income for the fourth quarter of 2025 was $40.0 million, compared to $19.7 million in the previous quarter[21] - Total revenues for the year ended December 31, 2025, were $493.8 million, compared to $427.7 million for the previous year[21] - The company reported adjusted revenues and operating income as non-GAAP financial measurements to provide a clearer view of operational performance[42][43] Earnings and Margins - Diluted earnings per share were $0.28, with an adjusted EPS of $0.29, compared to $0.13 in the previous quarter[10] - The operating income margin improved to 40.5%, a 4.2 point increase from the prior quarter, attributed to higher revenues from the Ceres Acquisition[6] - WisdomTree's gross margin increased to 83.2%, a 1 point rise from the previous quarter, primarily due to increased revenues from the Ceres Acquisition[6] - Adjusted net income for Q4 2025 was $41,235 million, up from $34,476 million in Q3 2025, representing a 19.5% increase[51] - Adjusted operating income for Q4 2025 was $61,498 million, reflecting a 28.1% increase from $48,063 million in Q3 2025[51] Expenses and Liabilities - Operating expenses rose by 9.7% from the third quarter of 2025, primarily due to compensation expenses related to the Ceres Acquisition[21] - Total current liabilities increased to $282,056,000 from $109,197,000, reflecting a rise of 158.5%[38] - Total operating expenses for Q4 2025 were $87,687 million, compared to $79,962 million in Q3 2025, indicating an increase of 9.1%[52] Product Development and Market Expansion - The company launched several new products, including the WisdomTree Quantum Computing Fund and the WisdomTree Global Value UCITS ETF, enhancing its product offerings[14] - The number of products offered increased to 406 by the end of the period, up from 397 in the previous quarter[32] - The company is expanding its digital assets product offerings and services, which may increase operational, regulatory, and financial risks[55] Cash Flow and Investments - Net cash provided by operating activities increased to $147,946 in 2025 from $113,461 in 2024, reflecting a rise of 30.3%[40] - The company incurred $270,346 in cash for the acquisition of Ceres, net of cash acquired, indicating a significant investment in growth[40] - The company reported a net cash used in investing activities of $313,033, a substantial increase from $23,875 in 2024[40] Market Trends and Risks - The acquisition of Ceres Partners, LLC presents risks related to integration challenges and the realization of expected benefits, including projected business growth[54] - Anticipated trends in global markets and ETPs may influence inflows and outflows, impacting the company's ability to deliver favorable returns to investors[55] - The company faces competitive pressures that could reduce revenues and profit margins, particularly as a substantial portion of revenues comes from a limited number of products[55] - Future growth is uncertain and may be influenced by general economic conditions, including fluctuations in interest rates and commodity prices[55] Shareholder Returns - The company declared a quarterly dividend of $0.03, payable on February 25, 2026[6] - Common stock repurchased amounted to $102,732, compared to $62,870 in the previous year, indicating a 63.4% increase in share buybacks[40]
Republic Bancorp(RBCAA) - 2025 Q4 - Annual Results
2026-01-30 13:00
Exhibit 99.2 EARNINGS RELEASE FINANCIAL SUPPLEMENT FOURTH QUARTER 2025 TABLE OF CONTENTS | BALANCE SHEET DATA | S-2 | | --- | --- | | AVERAGE BALANCE SHEET DATA | S-3 | | TOTAL COMPANY AVERAGE BALANCE SHEETS AND INTEREST RATES | S-4 | | INCOME STATEMENT DATA | S-5 | | SELECTED DATA AND RATIOS | S-6 | | LOAN COMPOSITION | S-7 | | ALLOWANCE FOR CREDIT LOSSES ON LOANS | S-7 | | CREDIT QUALITY DATA AND RATIOS | S-8 | | SEGMENT DATA | S-9 | | FOOTNOTES | S-12 | S-1 Republic Bancorp, Inc. Earnings Release Financi ...
Colgate-Palmolive(CL) - 2025 Q4 - Annual Results
2026-01-30 12:57
Financial Performance - Full year net sales increased by 1.4% to $20,382 million, compared to $20,101 million in 2024[2] - GAAP EPS for the full year declined by 25% to $2.63, primarily due to impairment charges related to the skin health business[4] - Base Business EPS increased by 3% to $3.69 for the full year[2] - Fourth quarter net sales rose by 5.8% to $5,230 million, with organic sales growth of 2.2%[6] - GAAP EPS for the fourth quarter was $(0.05), a decline of 106% due to impairment charges[5] - For the full year 2025, net sales totaled $20,382 million, a slight increase from $20,101 million in 2024[32] - The company reported a net income of $2,132 million for the full year 2025, down from $2,889 million in 2024[32] - Total operating profit for the twelve months ended December 31, 2025, was $3.306 billion, compared to $4.268 billion in 2024, reflecting ongoing challenges[38] Profitability Metrics - Gross profit for Q4 2025 was $3,146 million, with a gross profit margin of 60.2%, slightly down from 60.3% in Q4 2024[30] - Full year gross profit was $12,251 million, with a gross profit margin of 60.1%, down from 60.5% in 2024[32] - Operating profit for Q4 2025 significantly decreased to $92 million, down from $1,064 million in Q4 2024, resulting in an operating profit margin of 1.8% compared to 21.5% in the previous year[30] - The operating profit margin for the three months ended December 31, 2025, was 1.8%, down from 21.5% in 2024, indicating a substantial decline in profitability[52] - Operating profit under GAAP fell by 23% from $4,268 million in 2024 to $3,306 million in 2025[58] - Non-GAAP operating profit remained relatively stable at $4,347 million in 2025 compared to $4,353 million in 2024[58] Shareholder Returns - The company returned $2.9 billion to shareholders through dividends and share repurchases in 2025[4] Future Outlook - The company expects 2026 net sales growth of 2% to 6%, with organic sales growth projected at 1% to 4%[12] - Gross profit margin is expected to expand in 2026, with double-digit earnings per share growth anticipated on a GAAP basis[12] Market Position - Colgate's global market share in toothpaste remained strong at 41.3% year to date[9] Operational Efficiency - Selling, general and administrative expenses as a percentage of net sales increased to 39.6% in 2025 from 38.3% in 2024, indicating rising operational costs[52] - Selling, general and administrative expenses as a percentage of net sales increased from 38.5% in 2024 to 38.8% in 2025[58] Taxation - The effective tax rate for Q4 2025 was 104.7%, a substantial increase from 21.6% in Q4 2024[30] - The effective tax rate for GAAP net income increased from 22.9% in 2024 to 26.1% in 2025[60] Regional Performance - North America sales decreased by 1.5% in the three months ended December 31, 2025, while Latin America saw a significant increase of 12.8%[44] - Sales in Europe increased by 9.8% for the three months ended December 31, 2025, driven by strong pricing strategies[44] Acquisitions and Costs - The acquisition of the Prime100 pet food business contributed 0.5% to the total company volume for the three months ended December 31, 2025[45] - The company reported acquisition-related costs of $9 million in 2025, with no such costs reported in 2024[58] - The restructuring program charges for 2025 were related to the Strategic Growth and Productivity Program and the 2022 Global Productivity Initiative[61] Non-GAAP Metrics - The company reported a non-GAAP net income of $1.038 billion for the three months ended December 31, 2025, a 22.9% increase from $800 million in 2024[54] - Colgate-Palmolive's GAAP gross profit for 2025 was $12,251 million, compared to $12,161 million in 2024, reflecting a slight increase[58] - The gross profit margin under GAAP decreased from 60.5% in 2024 to 60.1% in 2025, a change of -40 basis points[58] - Non-service related postretirement costs under GAAP decreased from $87 million in 2024 to $55 million in 2025[58]
IES Holdings(IESC) - 2026 Q1 - Quarterly Results
2026-01-30 12:51
Financial Performance - Revenue for Q1 2026 was $871 million, a 16% increase from $750 million in Q1 2025[7] - Operating income for Q1 2026 reached $97.7 million, up 31% from $74.6 million in Q1 2025[7] - Net income attributable to IES was $91.4 million for Q1 2026, a 62% increase compared to $56.3 million in Q1 2025, with diluted earnings per share of $4.51 versus $2.72[7] - Adjusted net income attributable to IES was $75.2 million for Q1 2026, a 38% increase from $54.6 million in Q1 2025, with diluted adjusted earnings per share of $3.71 compared to $2.64[7] - Gross profit rose to $220.0 million, representing a 23.5% increase compared to $178.0 million in the prior year[27] - Net income attributable to IES Holdings, Inc. was $91.4 million, a 62.2% increase from $56.3 million in the same quarter of 2024[27] - Basic earnings per share attributable to common stockholders increased to $4.58, up 65.5% from $2.76 in the previous year[27] - Adjusted net income attributable to IES Holdings, Inc. was $75.2 million, compared to $54.6 million in the same quarter of 2024, reflecting a 37.5% increase[28] - Operating income for the same period was $97.7 million, up 30.9% from $74.6 million year-over-year[34] - Net income attributable to IES Holdings, Inc. increased to $91.4 million, a rise of 62.3% compared to $56.3 million in the prior year[35] - Adjusted EBITDA for the three months ended December 31, 2025, was $113.8 million, reflecting a 31.9% increase from $86.3 million in 2024[35] Revenue Segments - Communications segment revenue was $351.9 million in Q1 2026, a 51% increase from Q1 2025, driven by strong demand in the data center market[9] - Residential segment revenue decreased by 11% to $284.1 million in Q1 2026 due to ongoing challenges in the housing market[10] - Infrastructure Solutions segment revenue increased by 30% to $140.2 million in Q1 2026, reflecting strong demand for custom engineered solutions[11] - Communications segment revenue rose to $351.9 million, a significant increase of 50.1% from $232.9 million in the previous year[34] - Infrastructure Solutions segment operating income improved to $35.6 million, up 52.5% from $23.3 million year-over-year[34] - Residential segment revenue decreased to $284.1 million, down 11.2% from $320.0 million in the same period of 2024[34] Backlog and Performance Obligations - Remaining performance obligations were approximately $1.8 billion as of December 31, 2025[7] - Backlog stood at approximately $2.6 billion as of December 31, 2025[7] - Remaining performance obligations as of December 31, 2025, totaled $1,809 million, up from $1,215 million a year earlier, representing a 48.9% increase[37] - Backlog increased to $2,602 million as of December 31, 2025, compared to $1,754 million in the same period of 2024, marking a 48.5% growth[37] Cash Flow and Assets - Net cash provided by operating activities for the three months ended December 31, 2025, was $27.7 million, down from $37.3 million in the same period of 2024[33] - The company reported a net cash used in investing activities of $46.2 million, compared to $58.4 million in the prior year[33] - Cash and cash equivalents at the end of the period were $88.8 million, down from $127.2 million at the beginning of the period[33] - Total assets as of December 31, 2025, were $1,658.4 million, an increase from $1,595.7 million as of September 30, 2025[31] - Total stockholders' equity increased to $961.1 million from $884.0 million in the previous quarter, indicating a growth of 8.7%[31] Acquisition - The acquisition of Gulf Island Fabrication, Inc. was completed post-quarter end for an aggregate equity value of $192 million[7]
IES Holdings(IESC) - 2026 Q1 - Quarterly Report
2026-01-30 12:49
Financial Performance - Consolidated revenues for the three months ended December 31, 2025, were $870.96 million, an increase of 16.2% compared to $749.55 million for the same period in 2024[108][109] - Gross profit for the three months ended December 31, 2025, increased to $220.02 million, representing a gross profit margin of 25.3%, up from 23.8% in the prior year[108][110] - Operating income for the three months ended December 31, 2025, was $97.73 million, representing an operating margin of 11.2%, compared to 10.0% in the same period of 2024[108] - Net income attributable to IES Holdings, Inc. for the three months ended December 31, 2025, was $91.44 million, or 10.5% of revenues, compared to $56.30 million, or 7.5%, in the prior year[108] Segment Performance - The Communications segment's revenues rose by $119.0 million, or 51.1%, to $351.92 million, driven by strong demand in the data center market[112] - The Residential segment's revenues decreased by $35.9 million, or 11.2%, to $284.04 million, impacted by housing affordability challenges and economic uncertainty[115] - Infrastructure Solutions segment revenues increased by $32.1 million, or 29.6%, to $140.18 million, primarily due to strong demand for custom engineered solutions[118] - Revenues in the Commercial & Industrial segment increased by $6.3 million, or 7.2%, to $94.8 million for the three months ended December 31, 2025, compared to $88.5 million for the same period in 2024[122] - Gross profit for the segment rose by $5.0 million, or 33.3%, to $20.2 million, with gross profit as a percentage of revenue increasing to 21.3% from 17.1% year-over-year[123] Expenses - Selling, general and administrative expenses for the three months ended December 31, 2025, were $121.82 million, an increase of 18.2% from $103.04 million in the prior year[111] - Selling, general and administrative expenses as a percentage of revenue increased from 13.7% in the prior year to 14.0% for the three months ended December 31, 2025[111] - Selling, general and administrative expenses increased by $2.5 million, or 30.4%, to $10.5 million, with expenses as a percentage of revenue rising to 11.1% from 9.1%[124] Cash Flow and Investments - Net cash provided by operating activities was $27.7 million for the three months ended December 31, 2025, down from $37.3 million in the same period of 2024[150] - Net cash used in investing activities was $46.2 million for the three months ended December 31, 2025, compared to $58.4 million in the same period of 2024[151] - Net cash used in financing activities was $19.8 million for the three months ended December 31, 2025, compared to $20.6 million in the same period of 2024[152] - Total interest and other income, net, was $18.2 million for the three months ended December 31, 2025, compared to $3.0 million for the same period in 2024, driven by a net gain on marketable securities of $16.9 million[126][127] - An unrealized gain of $17.0 million was recorded in the three months ended December 31, 2025, from investments in marketable securities[158] - The fair value of investments in marketable securities was $169.9 million as of December 31, 2025[158] Tax and Obligations - Income tax expense increased to $28.4 million for the three months ended December 31, 2025, up from $20.0 million in the same period of 2024, primarily due to increased pretax income[129] - Remaining performance obligations as of December 31, 2025, were $1.8 billion, with backlog increasing to $2.6 billion from $2.4 billion as of September 30, 2025[134] Capital and Commitments - Working capital, excluding cash and equivalents, increased by $80.5 million during the three months ended December 31, 2025, reflecting a $62.7 million increase in current assets[136] - The Board authorized a stock repurchase program for up to $200.0 million of the Company's common stock[153] - As of December 31, 2025, the Company had firm commitments of $17.0 million for material purchases in the next 12 months[155] - The Company expects cash and cash equivalents, cash flow from operations, and availability under the revolving credit facility to be sufficient for cash requirements over the next 12 months[155] Risk Factors - The Company is exposed to fluctuations in commodity prices, including copper and aluminum, which may impact operational results[157] - Floating rate debt exposes the Company to interest rate risk, with borrowings under the revolving credit facility structured on floating rate terms[159] - The Company had no borrowings outstanding under the revolving credit facility as of December 31, 2025[159] - The Amended Credit Agreement uses SOFR as the benchmark for establishing interest rates on borrowings[159]
ChoiceOne Financial Services(COFS) - 2025 Q4 - Annual Results
2026-01-30 12:40
EXHIBIT 99.1 News Release ChoiceOne Reports Fourth Quarter 2025 Results Significant items impacting comparable periods of 2024 and 2025 results include the following: Highlights "2025 was a landmark year for ChoiceOne—not only because of the successful merger with Fentura and its subsidiary, The State Bank, but also due to our strong financial performance. These accomplishments are a direct result of the hard work and dedication of our exceptional team, whose efforts truly shined throughout the year" said K ...
Air Products and Chemicals(APD) - 2026 Q1 - Quarterly Results
2026-01-30 12:40
Financial Performance - Fiscal 2026 Q1 GAAP operating income was $735 million, a 14% increase from the prior year, with a GAAP operating margin of 23.7%[1] - Adjusted operating income for Q1 was $757 million, up 12%, with an adjusted operating margin of 24.4%[1] - Q1 sales reached $3.1 billion, reflecting a 6% increase year-over-year, driven by a 3% higher energy cost pass-through and a 1% increase in pricing[1] - GAAP EPS for Q1 was $3.04, a 10% increase, while adjusted EPS was $3.16, also up 10% and exceeding guidance[3] - Operating income for the total segments increased to $756.5 million, a 12.3% rise compared to $673.5 million in the previous year[18] - Net income attributable to Air Products for the three months ended December 31, 2025, was $678.2 million, an increase of 9.8% from $617.4 million in the same period of 2024[15] - Total sales for the three months ended December 31, 2025, reached $3,102.5 million, up 5.8% from $2,931.5 million in the prior year[17] Guidance and Projections - The company maintains full-year fiscal 2026 adjusted EPS guidance of $12.85 to $13.15 and Q2 adjusted EPS guidance of $2.95 to $3.10[3] - Adjusted EPS for FY2025 is projected at $12.03, with an outlook for FY2026 adjusted EPS ranging from $12.85 to $13.15, reflecting a 7% to 9% increase[39] - The adjusted EPS guidance for FY2026 indicates a potential increase of $0.26 to $0.41 per share compared to FY2025[39] Capital Expenditures - Capital expenditures for fiscal 2026 are expected to be approximately $4.0 billion[3] - Capital expenditures for Q1 FY2026 were reported at $910.7 million, a decrease from $1,209.8 million in Q1 FY2025[33] - The company expects capital expenditures of approximately $4.0 billion for FY2026[35] Segment Performance - Americas segment sales were $1.3 billion, up 4%, with operating income of $404 million, a 4% increase[7] - Europe segment sales increased 12% to $782 million, with operating income rising 20% to $224 million[7] Cash Flow and Assets - Cash provided by operating activities was $900.7 million, compared to $811.7 million for the same period last year, reflecting a 10.9% increase[15] - Total current assets decreased to $5,103.2 million from $5,825.8 million, a decline of 12.4%[13] - Cash and cash items at the end of the period were $1,026.4 million, down from $1,845.5 million, a decrease of 44.4%[15] Liabilities and Debt - Total liabilities decreased to $23,403.6 million from $23,709.7 million, a reduction of 1.3%[13] - Long-term debt increased to $17,114.6 million from $16,769.9 million, reflecting a rise of 2.1%[13] Other Financial Items - The company recorded charges for business and asset actions totaling $28.3 million, impacting operating income by $22.0 million[25] - Non-service related pension items resulted in net non-operating costs of $3.4 million ($2.5 million after tax, or $0.01 per share) in Q1 FY2026, down from $10.5 million ($7.9 million after tax, or $0.04 per share) in Q1 FY2025[30] - Shareholder activism-related costs in Q1 FY2025 amounted to $29.9 million ($21.9 million after tax, or $0.10 per share) due to a proxy contest[27] - An unrealized gain of $38.8 million ($10.3 million attributable to Air Products after tax, or $0.05 per share) was recorded in Q1 FY2025 from the de-designation of cash flow hedges[28] - The unrealized gain on swaps that remained de-designated during Q1 FY2026 was not material, with all swaps re-designated as cash flow hedges as of January 1, 2026[29] Contracts and Negotiations - The company announced advanced negotiations with Yara International for low emission ammonia projects in the U.S. and Saudi Arabia[3] - Air Products secured supply contracts from NASA totaling over $140 million for liquid hydrogen[3]
Canadian National Railway pany(CNI) - 2025 Q4 - Annual Report
2026-01-30 12:36
PRESS RELEASE CN Announces Solid Fourth Quarter and Year-End Results MONTREAL, January 30, 2026 — CN (TSX: CNR) (NYSE: CNI) today reported its financial and operating results for the fourth quarter and year ended December 31, 2025. "Our team delivered a strong fourth quarter and closed 2025 with disciplined execution and a relentless focus on capturing opportunities for our customers. I thank our railroaders for their commitment to running the railroad safely and efficiently. In a challenging demand environ ...
VALLON PHARMACEU(VLON) - 2025 Q4 - Annual Report
2026-01-30 12:34
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (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 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 001-40034 GRI BIO, INC. (Exact name of registrant as specified in its charter) | Delaware | | 82-4369909 | | --- | --- ...
GRI Bio(GRI) - 2025 Q4 - Annual Report
2026-01-30 12:34
FORM 10-K Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 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 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 001-40034 GRI BIO, INC. (Exact name of registrant as specified in its charter) | Delaware | | 82-4369909 | | --- | --- | --- | | ( ...