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Resmed Inc. Announces Results for the Second Quarter of Fiscal Year 2026
Globenewswire· 2026-01-29 21:05
Revenue increased by 11% to $1.4 billion; up 9% on a constant currency basis Gross margin up 320 bps to 61.8%; non-GAAP gross margin up 310 bps to 62.3%Income from operations increased 18%; non-GAAP income from operations up 19%Diluted earnings per share of $2.68; non-GAAP diluted earnings per share of $2.81Operating cash flow of $340 million Note: A webcast of Resmed’s conference call will be available at 4:30 p.m. ET today at http://investor.resmed.com SAN DIEGO, Jan. 29, 2026 (GLOBE NEWSWIRE) -- Resmed I ...
Cavco Industries Reports Fiscal 2026 Third Quarter Results
Globenewswire· 2026-01-29 21:05
Core Viewpoint - Cavco Industries, Inc. reported financial results for the third fiscal quarter ended December 27, 2025, highlighting a significant acquisition and mixed performance in various segments [1][4]. Acquisition Details - On September 29, 2025, Cavco completed the acquisition of American Homestar Corporation, which includes two manufacturing lines, nineteen retail locations, and a financial services operation. The results of American Homestar are now included in Cavco's consolidated financial statements [2]. Quarterly Highlights - Industry shipments slowed during the quarter, particularly in HUD shipments, prompting Cavco to maintain production through backlog management and holiday downtime. The market sentiment remains optimistic regarding affordable housing [4]. - The financial services segment showed strong results, with improved profitability in the insurance operation. The first full quarter with American Homestar reflected deal costs and integration expenses, but future benefits from the acquisition are anticipated to exceed expectations [4]. Financial Results - Net revenue for the quarter was $581.0 million, an increase of $59 million or 11.3% compared to $522.0 million in the same quarter of the previous year, driven by home sales volume and average selling price growth [6]. - Factory-built housing revenue was $558.5 million, up 11.5% from $500.9 million, while financial services revenue increased by 6.2% to $22.5 million [5][6]. - Gross profit as a percentage of net revenue for factory-built housing decreased to 21.7% from 23.6% year-over-year, while financial services gross profit increased to 65.2% from 55.5% [6][8]. Operational Metrics - Factory-built modules sold increased by 5.3% to 8,818 units, with a net revenue per home sold rising by 8.0% to $106,971 [5][7]. - Backlogs totaled $160 million at the end of the quarter, representing 4-6 weeks of production [6]. Income and Expenses - Income before income taxes was $58 million, down 16.9% from $69 million in the prior year, with net income per diluted share at $5.58, a decrease of 19.1% from $6.90 [6][10]. - Selling, general, and administrative expenses increased by 23.3% to $81.4 million, primarily due to the addition of American Homestar and associated deal costs [8][11]. Long-term Outlook - The company anticipates that the integration of American Homestar will yield positive impacts as the investment phase concludes, with expectations for increased production in the upcoming Spring selling season [4].
VivoSim Expands Asia-Pacific Access to NAMKind™ Human-Based Toxicology Services Through New Distributor Agreement in Korea and China
Globenewswire· 2026-01-29 21:05
JCBio appointed for Korea; Tekon Biotech appointed for China provide access to liver and small-intestine NAM screening with “molecules in, data out” speed and human relevanceSAN DIEGO, Jan. 29, 2026 (GLOBE NEWSWIRE) -- VivoSim Labs, Inc. (Nasdaq: VIVS) (the “Company” or “VivoSim Labs”), a provider of next-generation New Approach Methodologies (NAMs) for preclinical safety, today announced it has signed JCBio as an authorized distributor in Korea and Tekon Biotech as an authorized distributor in China for it ...
Medallion Bank Reports 2025 Fourth Quarter and Full-Year Results and Declares Series G Preferred Stock Dividend
Globenewswire· 2026-01-29 21:05
SALT LAKE CITY, Jan. 29, 2026 (GLOBE NEWSWIRE) -- Medallion Bank (Nasdaq: MBNKO, the “Bank”), an FDIC-insured bank providing consumer loans for the purchase of recreational vehicles, boats, and home improvements, along with loan origination services to fintech strategic partners, announced today its results for the quarter and year ended December 31, 2025. The Bank is a wholly owned subsidiary of Medallion Financial Corp. (Nasdaq: MFIN). 2025 Fourth Quarter Highlights Net income of $19.4 million, compared t ...
Option Care Health to Participate in the TD Cowen Healthcare Conference
Globenewswire· 2026-01-29 21:05
BANNOCKBURN, Ill., Jan. 29, 2026 (GLOBE NEWSWIRE) -- Option Care Health, Inc. (“Option Care Health”) (Nasdaq: OPCH), the nation’s largest independent provider of home and alternate site infusion services, will participate in the 46th Annual TD Cowen Healthcare Conference, being held in Boston, MA, on Tuesday, March 3, 2026, including a fireside chat at 1:10pm ET. The webcast will be available online at https://investors.optioncarehealth.com. About Option Care Health Option Care Health is the nation’s larges ...
Zoom to Release Financial Results for the Fourth Quarter and Full Fiscal Year 2026
Globenewswire· 2026-01-29 21:05
Financial Results Announcement - Zoom Communications, Inc. will release its financial results for the fourth quarter and full fiscal year 2026 on February 25, 2026, after market close [1] - A live Zoom Webinar for the event will be accessible at 2:00 pm PT / 5:00 pm ET through Zoom's investor relations website [1] - A replay of the event will be available approximately two hours after the conclusion of the live event [1] Company Overview - Zoom provides an AI-first, open work platform designed for human connection, facilitating seamless collaboration and communication across various services including meetings, chat, phone, and events [2] - The company was founded in 2011 and is headquartered in San Jose, California [2] - Zoom's offerings are enhanced by the built-in assistance of Zoom AI Companion, catering to a diverse range of customers from entrepreneurs to global enterprises [2]
Orchid Island Capital Announces Fourth Quarter 2025 Results
Globenewswire· 2026-01-29 21:05
VERO BEACH, Fla., Jan. 29, 2026 (GLOBE NEWSWIRE) -- Orchid Island Capital, Inc. (NYSE:ORC) ("Orchid” or the "Company"), a real estate investment trust ("REIT"), today announced results of operations for the three and twelve month periods ended December 31, 2025. Fourth Quarter 2025 Results Net income of $103.4 million, or $0.62 per common share, which consists of: Net interest income of $38.5 million, or $0.23 per common shareTotal expenses of $5.8 million, or $0.04 per common shareNet realized and unrealiz ...
LPL Financial Announces Fourth Quarter and Full Year 2025 Results
Globenewswire· 2026-01-29 21:05
Key Business Results - Net income for Q4 2025 was $301 million, translating to diluted EPS of $3.74, a 4% increase from Q4 2024 [3][7] - Adjusted EPS increased 23% year-over-year to $5.23 [3] - Gross profit rose 26% year-over-year to $1,542 million [3] - Total advisory and brokerage assets increased 36% year-over-year to $2.4 trillion [3] - Total organic net new assets were $23 billion, representing a 4% annualized growth [3] Key Financial Results - For the full year 2025, net income was $863 million, translating to diluted EPS of $10.92, down 22% from the previous year [3][23] - Adjusted EPS for the year increased 22% year-over-year to $20.09 [3] - Gross profit for the year increased 24% year-over-year to $5.60 billion [3] - Total organic net new assets for the year were $147 billion, representing an 8% growth rate [3] Key Capital and Liquidity Measures - Corporate cash stood at $470 million [3] - Leverage ratio was 1.95x [3] - Dividends paid in Q4 2025 were $24 million, with a total of $94 million for the year [3] M&A Updates - The company is on track to complete the conversion of Commonwealth Financial Network in Q4 2026, expecting asset retention of approximately 90% and run-rate EBITDA of approximately $425 million [3] Market Performance - The S&P 500 Index at the end of Q4 2025 was 6,846, a 2% increase from Q3 2025 [31] - Total advisory assets reached $1.4 trillion, a 46% increase year-over-year [3][31] - Client cash balances increased to $61 billion, up $5 billion sequentially and $6 billion year-over-year [3]
Financial Institutions, Inc. Reports Net Income Available to Common Shareholders of $19.6 million, or $0.96 per Diluted Share, for the Fourth Quarter of 2025 and $73.4 million, or $3.61 per Diluted Share, for Full Year 2025
Globenewswire· 2026-01-29 21:05
Core Viewpoint - The financial performance of Financial Institutions, Inc. for the fourth quarter and full year 2025 demonstrates strong organic growth across its commercial banking, consumer banking, and wealth management sectors, with significant improvements in net income and operational efficiency [1][5]. Financial Performance - The Company reported a net income of $20.0 million for Q4 2025, a slight decrease from $20.5 million in Q3 2025, and a significant recovery from a net loss of $82.8 million in Q4 2024. Net income available to common shareholders was $19.6 million, or $0.96 per diluted share [2]. - For the full year 2025, net income reached $74.9 million, compared to a net loss of $41.6 million in 2024. Net income available to common shareholders was $73.4 million, or $3.61 per diluted share [3]. Key Highlights - The Company achieved a return on average assets of 1.20% and a return on average equity of 12.38% for 2025, with an efficiency ratio of 58% [5]. - Loan growth for the year was 4%, with a notable 6% annualized growth in Q4 2025, driven by strong demand from commercial borrowers [5]. - Total loans amounted to $4.66 billion at year-end 2025, reflecting a 1.5% increase from Q3 2025 and a 4.0% increase from Q4 2024 [6][22]. Income and Expenses - Net interest income reached record levels of $52.2 million for Q4 2025 and $200.0 million for the full year, with a net interest margin of 3.53% for 2025, up 67 basis points year-over-year [6][14]. - Noninterest income for Q4 2025 was $11.9 million, compared to $12.1 million in Q3 2025, and $45.0 million for the full year, recovering from a net loss of $46.7 million in 2024 [15][16]. - Noninterest expenses were $36.7 million for Q4 2025, up from $35.9 million in Q3 2025, but down from $59.4 million in Q4 2024, with full-year expenses totaling $142.0 million, a decrease from $178.9 million in 2024 [17][18]. Capital Management - The Company completed a private placement of $80.0 million in subordinated notes in December 2025, enhancing its capital position and receiving a BBB- rating from Kroll Bond Rating Agency [6][7]. - Shareholders' equity increased to $628.9 million at year-end 2025, up from $621.7 million in Q3 2025 and $569.0 million in Q4 2024, primarily due to retained earnings and a reduction in accumulated other comprehensive loss [25]. Credit Quality - Non-performing loans were $35.8 million, or 0.77% of total loans, at year-end 2025, a decrease from 0.92% a year earlier [30]. - The allowance for credit losses on loans to total loans ratio was 1.02% at year-end 2025, down from 1.07% a year prior, reflecting improved credit quality [31]. Shareholder Returns - The Company declared a common stock dividend of $0.31 per share for Q4 2025, consistent with the previous quarter and representing a 3.3% increase from the prior year [28]. - A total of 336,869 common shares were repurchased at an average price of $31.98 per share during Q4 2025, with additional shares remaining available for repurchase under the plan [29].
Farmers and Merchants Bancshares, Inc. Reports Earnings of $5.8 Million or $1.81 per Share for the Year Ended December 31, 2025
Globenewswire· 2026-01-29 21:05
HAMPSTEAD, Md., Jan. 29, 2026 (GLOBE NEWSWIRE) -- Farmers and Merchants Bancshares, Inc. (the “Company”), the parent company of Farmers and Merchants Bank (the “Bank” and, together with the Company, “we”, “us” and “our”), announced that net income for the year ended December 31, 2025 was $5.8 million, or $1.81 per common share (basic and diluted) compared to $4.3 million, or $1.37 per common share (basic and diluted), for the same period in 2024. The Company’s return on average equity during the year ended ...