Workflow
XAI Octagon Floating Rate & Alternative Income Trust Will Host its Q4 2025 Quarterly Webinar on March 4, 2026
Globenewswire· 2026-02-18 21:15
Core Viewpoint - XAI Octagon Floating Rate & Alternative Income Trust plans to host a Quarterly Webinar on March 4, 2026, focusing on its investment strategies and performance [1] Group 1: Webinar Details - The webinar will be moderated by Kevin Davis, Managing Director at XA Investments, featuring Kimberly Flynn, President at XAI, and Lauren Law, Senior Portfolio Manager at Octagon Credit Investors [1] - Participants can join via web or telephone, with specific dial-in numbers provided for different locations [2] - A replay of the webinar will be available in the Knowledge Bank section of the XAI Investments website [2] Group 2: Trust Overview - The Trust's common shares are traded on the New York Stock Exchange under the symbol "XFLT" [3] - The investment objective of the Trust is to seek attractive total return with an emphasis on income generation across multiple stages of the credit cycle, primarily through investments in private credit markets [3] - Under normal market conditions, the Trust will invest at least 80% of its Managed Assets in floating rate credit instruments and other structured credit investments [3] Group 3: Company Background - XA Investments LLC, founded in 2016, serves as the investment adviser for multiple closed-end funds, including the XAI Octagon Floating Rate & Alternative Income Trust [4] - XAI provides investment advisory services, fund structuring, and consulting services focused on registered closed-end funds [4] - XMS Capital Partners, established in 2006, is a global financial services firm providing M&A, corporate advisory, and asset management services [5] Group 4: Sub-Adviser Information - Octagon Credit Investors, serving as the Trust's investment sub-adviser, manages a $33.2 billion portfolio focused on below-investment grade corporate credit [6] - The firm specializes in leveraged loans, high yield bonds, and structured credit investments, employing fundamental credit analysis and active portfolio management [6] - Octagon's investment philosophy emphasizes dynamic internal communication to manage portfolio risk and aims to generate attractive risk-adjusted returns [6]
Occidental Announces Fourth Quarter 2025 Results
Globenewswire· 2026-02-18 21:15
Core Viewpoint - Occidental announced its fourth quarter 2025 financial results, with details available on its website and the SEC's site [1]. Group 1: Financial Results - The earnings release for the fourth quarter of 2025 can be accessed through the Investor Relations section of Occidental's website [1]. - A conference call to discuss the financial results is scheduled for February 19, 2026, at 1 p.m. Eastern/12 p.m. Central [2]. Group 2: Company Overview - Occidental is an international energy company focused on producing, marketing, and transporting oil and natural gas, while also advancing lower-carbon technologies [3]. - The company is headquartered in Houston and primarily operates in the United States, the Middle East, and North Africa [3].
ARRAY Technologies Upsizes and Extends Revolving Credit Facility to $370 Million, Strengthening Liquidity and Strategic Flexibility
Globenewswire· 2026-02-18 21:15
Core Viewpoint - ARRAY Technologies, Inc. has successfully upsized and extended its revolving credit facility from $166 million to $370 million, enhancing its liquidity and operational flexibility [1][3]. Group 1: Credit Facility Details - The amended revolving credit facility has been increased to $370 million and its maturity extended to February 18, 2031 [1]. - The facility includes up to $250 million available for the issuance of letters of credit [1]. - Goldman Sachs Bank USA is the Lead Arranger and Administrative Agent for the facility, with additional participation from J.P. Morgan, Wells Fargo Securities, PNC Capital Markets, HSBC Bank USA, and others [2]. Group 2: Financial Strategy and Impact - The expansion of the credit facility is aimed at strengthening the company's liquidity profile and supporting operational execution, working capital needs, and global growth initiatives [3]. - The increase in capacity reflects the company's improving outlook and commitment to disciplined financial management [3]. - The addition of new lenders demonstrates strong confidence in the company's strategy and execution in the utility-scale solar market [3]. Group 3: Company Overview - ARRAY Technologies is a leading global provider of solar tracking technology and fixed-tilt systems for utility-scale and distributed generation customers [4]. - The company focuses on optimizing energy production and delivering value throughout the lifecycle of solar projects, supported by its domestic manufacturing and diversified global supply chain [4].
Shenandoah Telecommunications to Participate in March 2026 Investor Conferences
Globenewswire· 2026-02-18 21:15
EDINBURG, Va., Feb. 18, 2026 (GLOBE NEWSWIRE) -- Shenandoah Telecommunications Company (Shentel) (NASDAQ:SHEN) announced that Ed McKay, Chief Executive Officer, and Jim Volk, Chief Financial Officer will be participating in the following investor conferences in March 2026: The 2026 Morgan Stanley Technology, Media & Telecom Conference being held at the Palace Hotel, San Francisco, CA. Jim Volk will present on March 3, 2026 at 4:05PM PT. Investors may access a live webcast of the presentation at this link or ...
Trisura Chief Executive Officer David Clare to Hold Virtual Fireside Chat with Desjardins Securities
Globenewswire· 2026-02-18 21:14
TORONTO, Feb. 18, 2026 (GLOBE NEWSWIRE) -- Trisura Group Ltd. (“Trisura” or “Trisura Group”) (TSX: TSU) Chief Executive Officer, David Clare, will join Desjardins Securities Analyst, Doug Young, in a virtual fireside chat to discuss the company’s 2025 results and outlook for 2026 on Thursday February 19 at 10:00 AM ET. To listen to the call via live audio webcast, please follow the link below:Webcast Link A replay of the call will be available through the link above. About Trisura Group Trisura Group Ltd. ...
Coca-Cola Consolidated Reports Fourth Quarter and Fiscal Year 2025 Results
Globenewswire· 2026-02-18 21:10
Core Insights - Coca-Cola Consolidated, Inc. reported record revenue, gross profit, and operating income for fiscal year 2025, highlighting strong performance and effective execution in the marketplace [4][3] - The company experienced a 4.6% increase in volume for the fourth quarter of 2025 and a 0.3% increase for the fiscal year, with the fourth quarter benefiting from an additional selling day [4][5] - Net sales rose by 9.0% to $1.9 billion in the fourth quarter and by 4.8% to $7.2 billion for the fiscal year, driven by pricing actions and strong volume performance [5][6] Financial Performance - Gross profit for the fourth quarter of 2025 was $754.2 million, an increase of 8.1% compared to the previous year, while gross margin decreased to 39.6% due to rising aluminum costs [8][6] - Income from operations for the fourth quarter was $242.1 million, up 10.7%, and for the fiscal year, it reached $950.7 million, a 3.3% increase [10][6] - Net income for the fourth quarter was $137.3 million, down 23.3% from the previous year, while adjusted net income increased slightly to $157.8 million [11][12] Beverage Sales - Sparkling beverage sales increased by 6.4% in the fourth quarter and 3.5% for the fiscal year, driven by multi-pack sales in large retail channels [7][5] - Still beverage sales saw a 10.0% increase in the fourth quarter and a 6.1% increase for the fiscal year, reflecting strong performance across various brands [5][7] Expenses and Investments - Selling, delivery, and administrative expenses rose by 6.9% in the fourth quarter, primarily due to labor costs and investments in front-line teammates [9][10] - The company invested approximately $312 million in capital expenditures for fiscal year 2025, with expectations of similar investments in fiscal year 2026 [13][12] Cash Flow and Shareholder Returns - Cash flows from operations for fiscal year 2025 were $931.9 million, an increase from $876.4 million in the previous year [13][12] - The company returned approximately $2.7 billion to shareholders through share repurchases and dividends during fiscal year 2025 [13][12]
Compass Diversified Announces Fourth Quarter and Full Year 2025 Earnings and Conference Call Information
Globenewswire· 2026-02-18 21:10
Core Viewpoint - Compass Diversified (CODI) plans to report its financial results for Q4 and the full year ended December 31, 2025 on February 26, 2026, after market close [1] Group 1: Financial Reporting - The company has scheduled a conference call at 5:00 p.m. ET on February 26, 2026, to discuss its financial results and business outlook for 2026 [1] - A live webcast of the call will be available on the Investor Relations section of CODI's website, and participants are encouraged to log in 15 minutes early to avoid delays [2] Group 2: Investor Relations - For further inquiries, investors can contact Compass Diversified through the provided email address [4]
SiriusPoint Reports Fourth Quarter 2025 Net Income of $240m, Return on Equity of 44.9% and Operating Return on Equity of 17.1%
Globenewswire· 2026-02-18 21:10
Core Insights - SiriusPoint Ltd. reported strong financial results for the fourth quarter and full year of 2025, highlighting a disciplined underwriting strategy and a focus on customer satisfaction [3][4][5]. Fourth Quarter 2025 Highlights - The company achieved a 16% growth in top-line revenue, with diluted book value per share increasing by 28% [4]. - Operating earnings per share rose by 49% year-over-year, reaching $0.70 for the fourth quarter [7]. - The gross and net written premium growth for the fourth quarter was 18% [7]. - The Core combined ratio improved to 92.9% [7]. - The leverage ratio is expected to drop to a historic low of 23% following the redemption of Series B Preference Shares [7][33]. Full Year 2025 Highlights - Net income available to common shareholders was $444 million, or $3.64 per diluted common share, with operating earnings per share increasing by 49% to $2.55 [7]. - The company reported a 16% growth in gross written premiums and a 19% increase in net written premiums for the year [7]. - The Core combined ratio for the full year was 91.7% [7]. - Book value per diluted common share increased by 23.6% from the previous year, reaching $18.10 [7]. Segment Performance Insurance & Services Segment - For the fourth quarter, gross written premiums increased by 23.5% to $556 million, driven by growth in Accident & Health and Surety [20]. - The segment generated income of $30.7 million, down from $48.4 million in the previous year, primarily due to lower net favorable prior year loss reserve development [21]. - For the full year, gross written premiums rose by 25.7% to $2.31 billion, with income increasing to $165.7 million from $119.8 million [22][23]. Reinsurance Segment - The Reinsurance segment saw gross written premiums increase by 9.2% to $340.9 million in the fourth quarter, driven by new business in London and New York [24]. - Underwriting income for the segment was $22.1 million, an improvement from $18.3 million in the previous year [25]. - For the full year, gross written premiums increased by 2.9% to $1.375 billion, but underwriting income decreased to $90.5 million from $124.8 million due to increased catastrophe losses [26][27]. Investment Performance - Net investment income for the year increased, despite a decrease in income from debt securities and short-term investments, attributed to a smaller asset base following capital transactions [29]. Subsequent Events - The company announced the sale of its 49% equity stake in Arcadian for $140.4 million, with a pre-tax gain expected in the first quarter of 2026 [30]. - An agreement was made to acquire Assist America for $42.5 million, enhancing the company's global emergency travel assistance services [31][32].
Adamas Trust, Inc. Reports Fourth Quarter and Full Year 2025 Results
Globenewswire· 2026-02-18 21:06
Core Insights - Adamas Trust, Inc. reported significant growth in 2025, marked by a 44% increase in quarterly Earnings Available for Distribution (EAD), over $100 million in net income, and a $3.1 billion expansion of its investment portfolio [2][3] Financial Performance - For the fourth quarter of 2025, net income attributable to common stockholders was $41.6 million, translating to $0.46 per share, while for the full year, net income reached $101.1 million or $1.12 per share [3] - The company generated $601.9 million in interest income for the year, with a net interest income of $149.3 million, reflecting a net interest spread of 1.46% [3][18] - The book value per common share remained stable at $9.60, with an adjusted book value of $10.63 [3] Investment Activities - In 2025, Adamas Trust purchased approximately $4.4 billion in investment securities, including $4.1 billion in Agency investments, and acquired $1.7 billion in residential loans [10] - The company exited its remaining multi-family joint venture equity investments and received $79.2 million from Mezzanine Lending investment redemptions [10] Capital Allocation - As of December 31, 2025, total investments amounted to $10.7 billion, with significant allocations in investment securities and residential loans [12] - The company reported a net capital allocation of $1.4 billion, with a recourse leverage ratio of 5.0x [12] Dividends and Shareholder Returns - Adamas Trust increased its common stock dividend to $0.23 per share for the last two quarters of 2025, marking a 15% increase [2][10] - The Board of Directors approved extensions of the common and preferred stock repurchase programs, with $188.2 million and $97.6 million remaining available for repurchase, respectively [11]
Reliance, Inc. Reports Fourth Quarter and Full Year 2025 Financial Results
Globenewswire· 2026-02-18 21:05
Core Insights - Reliance, Inc. reported strong Q4 growth with net sales of $3.5 billion, an increase of 11.9% year-over-year, and record tons sold of 6.4 million, up 6.2% for the full year 2025 [1][4][8] - The company repurchased $594.1 million of common stock in 2025, reducing outstanding shares by 4%, and increased its quarterly dividend by 4.2% to $1.25 per share [1][21][22] - Management expressed confidence in continued demand and pricing strength entering 2026, with expectations for tons sold to increase by 5% to 7% in Q1 2026 compared to Q4 2025 [11][23] Financial Performance - Q4 2025 net sales were $3,498.6 million, a decrease of 4.2% from Q3 2025 but an increase of 11.9% from Q4 2024 [2][37] - Gross profit for 2025 was $4.11 billion, consistent with the prior year, while non-GAAP FIFO gross profit margin expanded to 29.6% [9][10] - Net income attributable to Reliance for Q4 2025 was $116.5 million, down 38.5% year-over-year, with diluted EPS of $2.22, a decrease of 38.2% from Q4 2024 [2][10][37] Market Dynamics - The company achieved a significant increase in domestic market share to approximately 17% from 15% in 2024, driven by strong operational execution and market demand [11] - Demand in non-residential construction, the largest end market, improved, with expectations for continued healthy demand in early 2026 [13] - The broader manufacturing sector showed improved demand, particularly in military, industrial machinery, and construction machinery sectors [14] Cash Flow and Capital Allocation - Reliance generated cash flow from operations of $276.1 million in Q4 2025 and $831.4 million for the full year [19] - For 2025, the company deployed $1.18 billion towards stockholder returns and organic growth activities, including $594.1 million in share repurchases and $254.7 million in dividends [20][22] Business Outlook - The company anticipates a modest improvement in FIFO gross profit margin in Q1 2026 and expects non-GAAP earnings per diluted share to be in the range of $4.50 to $4.70, reflecting year-over-year growth of 19% to 25% [23]