CINCINNATI, Feb. 25, 2026 (GLOBE NEWSWIRE) -- The E.W. Scripps Company (NASDAQ: SSP) delivered $560 million in revenue for the fourth quarter of 2025. Loss attributable to the shareholders of Scripps was $44.9 million or 51 cents per share. Business notes: The company has launched a transformation plan that targets annualized enterprise EBITDA growth of $125-$150 million by 2028 through cost savings and revenue growth initiatives that will leverage technology including AI and automation to increase the yiel ...

Financial Data and Key Metrics Changes - For Q4 2025, normalized FFO attributable to common shareholders was $29.5 million or $0.29 per diluted share, exceeding expectations [24] - FFO attributable to common shareholders was $23.1 million or $0.23 per diluted share, while AFFO was $17.8 million or $0.17 per diluted share [25] - Same-store NOI for the portfolio increased 6.3% on a GAAP basis and 7.1% on a cash basis [25] - For the full year 2025, normalized FFO attributable to common shareholders was $110.1 million or $1.08 per diluted share, above guidance [27] Business Line Data and Key Metrics Changes - Retail same-store NOI for Q4 was up 5.6% on a GAAP basis and 3.4% on a cash basis, driven by new leasing and rent commencements [15] - Office same-store NOI for Q4 was up over 10% GAAP and nearly 17% cash, supported by leasing and rent commencements [19] - Year-over-year, office same-store NOI increased 6% GAAP and 7% cash, with occupancy gains at key properties [19] Market Data and Key Metrics Changes - Retail same-store results year-over-year were up 1% GAAP and down 1% cash, impacted by anchor space vacancies due to bankruptcies [15] - Year-end occupancy was just under 95%, affected by temporary seasonal tenants [16] - The office portfolio fundamentals remain strong, with nearly eight years of WALT and only 1.7% rollover in 2026 [23] Company Strategy and Development Direction - The company announced a rebranding to AH Realty Trust, effective March 2nd, marking a strategic transformation [5] - Planned divestitures include the multifamily portfolio and fee income businesses to simplify operations and improve income predictability [6][7] - The focus will shift to retail and office assets in growing markets, aiming for a streamlined operating model and reduced leverage [9][10] Management's Comments on Operating Environment and Future Outlook - Management emphasized the importance of maintaining full dividend coverage from cash flows generated by operating properties while reducing debt [11] - The company expects 2026 to be a transition year, with guidance reflecting discontinued operations and a focus on disciplined growth [10][12] - Management is confident in the ability to drive consistent NOI growth through proactive leasing and tenant retention [23] Other Important Information - The company is under an LOI for 11 of its 14 multifamily assets, with negotiations progressing towards final terms [7] - The exit of the construction business is nearly complete, and discussions are ongoing for the real estate financing investments [8] - The company aims to improve its long-term growth trajectory and deliver shareholder value more consistently [9] Q&A Session Summary Question: Long-term growth trajectory and financing plans for acquisitions - Management indicated a balanced approach to leverage and capital allocation, emphasizing the need for shares to trade at the right level relative to NAV for future acquisitions [37][38] Question: Expected retail to office NOI split in five years - Management expressed a focus on both retail and office, with an emphasis on retail in the short term while remaining open to opportunities in both sectors [40][41] Question: Context on mixed-use communities and office investments - Management confirmed a capability in mixed-use developments but emphasized a current focus on retail investments, with a willingness to sell office assets if pricing is favorable [46][48] Question: Update on multifamily dispositions - Management is under LOI for 11 assets, aiming for competitive pricing in the mid-5 cap range, with significant progress made in negotiations [50][51] Question: Dividend payout ratio trends - Management indicated a conservative approach to capital allocation, with a focus on maintaining a healthy dividend while simplifying and deleveraging the company [52][53] Question: Development as part of long-term strategy - Management acknowledged the importance of development but indicated a preference for acquisitions in the near term, with surgical development opportunities considered [58][59] Question: Expected growth in core businesses for 2026 - Management noted that 2026 may be a gap year for growth due to vacancies but anticipates stronger growth in 2027 [62]

Core Insights - Ubisoft reported a solid third quarter performance with net bookings growing at a double-digit rate year-on-year, exceeding expectations, reflecting the strength of its portfolio and player engagement across core franchises [2] Financial Performance - The company achieved significant growth in net bookings, indicating strong player engagement and successful recent releases and live content updates [2] Strategic Transformation - Ubisoft is progressing on a transformation plan announced last month, which includes the allocation of studios and capabilities across creative houses, along with key leadership appointments, including external hires of experienced industry veterans [3] - The transformation aims to sharpen focus, accelerate decision-making, and elevate creative ambition in a selective market [3] - Vantage Studios has been operational since October, with plans for the new operating model to fully commence in early April [3] Financial Position - The company's financial position and available cash provide the necessary flexibility to address near-term maturity challenges [4]

Core Insights - Kimberly-Clark Corp. is undergoing the largest transformation in its 150-year history while maintaining a dividend that has increased for 54 consecutive years [1] Company Overview - Kimberly-Clark Corp. has a long-standing history of 150 years [1] - The company has successfully increased its dividend for 54 consecutive years, indicating strong financial health and commitment to returning value to shareholders [1]

Core Insights - The primary challenge for Regis remains traffic, which is impacting top-line performance despite pricing actions supporting same-store sales [1][6] - The company aims to deliver sustainable traffic improvements through tighter organizational alignment and increased focus on execution [1][3] Financial Performance - Adjusted EBITDA for the quarter was $8 million, an increase of $900,000 year over year, with year-to-date adjusted EBITDA at $16 million, up $1.2 million from the previous year [2] - Total revenue for the second quarter reached $57.1 million, a 22.3% increase from the prior year, largely due to the acquisition of approximately 300 salons from Align [7][13] - Operating income increased to $6.2 million, up from $5.5 million a year ago, attributed to higher contributions from company-owned salons and reduced general and administrative costs [16] Traffic and Sales - Consolidated same-store sales declined by 0.10%, while Supercuts experienced a growth of approximately 2% and company-owned salons rose by 4.3% [6][8] - The franchise base has seen a net decline of 374 locations since December 31, 2024, with management expecting similar closure rates in the second half of fiscal 2026 [5][14] Strategic Initiatives - The company is focusing on modernizing and transforming its brands, particularly Supercuts, with improvements in loyalty participation and digital engagement [9][10] - A new stylist pay plan was introduced to support a productivity-driven model, with early signs indicating better alignment with margin expectations [11][19] Cash and Liquidity - Regis reported $27.4 million in available liquidity, including $18.4 million in unrestricted cash, and has $126 million in outstanding debt [5][20] - The company generated $1.5 million of unrestricted cash from operations in the second quarter, with a year-to-date total of $3.9 million, showing significant improvement from the prior year [18] Future Outlook - Management is exploring refinancing options as the two-year anniversary of the current agreement approaches in June 2026, with initial conversations with potential partners already underway [21] - The board is evaluating options for the next CEO, with the interim CEO continuing to lead the organization in collaboration with the board [23]

Financial Data and Key Metrics Changes - The company reported a solid fiscal 2025 with sales and underlying sales increasing by 3% [10] - Operating cash flow rose by 11%, while free cash flow increased by 12% [10] - Earnings per share surged by 43%, and adjusted earnings per share grew by 9% [10] Business Line Data and Key Metrics Changes - The acquisition of Aspen Technology, along with the integration of National Instruments and the divestiture of Copeland, has created a cohesive automation portfolio [10] Market Data and Key Metrics Changes - No specific market data or key metrics changes were provided in the meeting [10] Company Strategy and Development Direction - The company is focused on transforming into a global automation leader for mission-critical industries, aligning with long-term secular trends and customer investment priorities [10] Management's Comments on Operating Environment and Future Outlook - Management highlighted the dedication of global teams in achieving fiscal 2025 results and emphasized the importance of recent acquisitions in enhancing the company's automation capabilities [10] Other Important Information - The proposal to amend the company's Restated Articles of Incorporation to declassify the board of directors was not approved, failing to receive the required 85% of outstanding shares voting in favor [11] Q&A Session Summary - There were no questions from shareholders pertaining to the matters being voted on at the meeting [10]

Core Insights - The company emphasizes that the current phase is just the beginning of uncovering efficiencies and aims to reduce complexity while addressing pain points [1] - The company is closely examining every dollar of operational and capital expenditures, indicating a rigorous approach to cost management [1] - The company has set a high bar for future investments, suggesting a cautious and strategic investment strategy moving forward [1] - The transformation process is still in its early stages, indicating that significant changes are yet to come [1] - The company will not depend on "empty price increases" to boost short-term revenue and earnings, highlighting a focus on sustainable growth [1] - The MVNO agreement with Charter and Comcast is viewed as an "accretive deal," which is expected to positively impact the company's financials [1] - The guidance for 2026 reflects the initial steps of the company's turnaround strategy, suggesting optimism for future performance [1] Financial Performance - The insights were derived from the Q4 earnings conference call, indicating a focus on transparency and communication with stakeholders regarding financial performance and strategic direction [1]

Core Viewpoint - Barry Callebaut has appointed Hein Schumacher as the new CEO, succeeding Peter Feld, amid a transformation program aimed at enhancing the company's agility and customer focus [1][2][3][4]. Group 1: Leadership Transition - Hein Schumacher, former CEO of Unilever and FrieslandCampina, has been appointed as the new CEO of Barry Callebaut [1][2]. - Peter Feld, the outgoing CEO, will leave the company next week to pursue other career opportunities after leading the company since 2023 [2][4]. - The chairman, Patrick De Maeseneire, emphasized the timing of the CEO transition coinciding with the nearing completion of the BC Next Level transformation program [3][4]. Group 2: Financial Performance - Barry Callebaut reported an 8.9% increase in revenue for the first quarter of its financial year, reaching SFr3.67 billion ($4.64 billion), despite a nearly 10% decline in volumes [5]. - In the last full financial year, revenue surged by 42.4% to SFr14.79 billion, driven by price increases to offset high cocoa bean costs, although volumes decreased by 6.8% [6]. Group 3: Market Context - The chocolate confectionery market is reportedly declining, as indicated by Nielsen figures, which may impact future sales volumes for Barry Callebaut [5]. - De Maeseneire has denied any plans to separate the cocoa division from the rest of the business, countering rumors regarding the company's strategic direction [4]. Group 4: Leadership Qualities - De Maeseneire praised Schumacher as a seasoned leader with a strong background in food and B2B/B2C sectors, highlighting his proven track record in creating shareholder value [7]. - Schumacher is expected to lead Barry Callebaut into a new phase focused on customer engagement and financial strength, leveraging the company's integrated cocoa and chocolate business model [7].

Leadership Changes - Under Armour has appointed Kara Trent as chief merchandising officer and Yassine Saidi will transition to a senior adviser role [1][2] - Adam Peake will succeed Trent as president, Americas, effective February 2 [2] Strategic Goals - The leadership changes aim to accelerate the company's transformation by enhancing execution, reinforcing operational discipline, and aligning product, brand, and go-to-market leadership under a unified operating model for sustainable growth and improved financial performance [2][4] Roles and Responsibilities - Trent will oversee product line, assortment planning, and channel segmentation, while Saidi will advise on design expression and creative continuity [3] - Peake, with 16 years at Under Armour, will manage the company's business in North and South America, focusing on marketplace strategy, distribution, and omnichannel growth [5] Financial Performance - Under Armour reported a net loss of $18.8 million on revenue of $1.3 billion for the second quarter ended September 30, with North American sales declining by 8% to $792 million [6]

Core Viewpoint - AngioDynamics has undergone a significant transformation over the past five years, shifting from a focus on interventional radiology to a more scientifically-driven portfolio aimed at larger, addressable markets [3]. Company Transformation - The company started as an interventional radiology-based entity in upstate New York, building a strong legacy within that community [3]. - Over the last five years, AngioDynamics has focused on refreshing its portfolio, which included three divestitures to exit certain markets [4].