Financial Data and Key Metrics Changes - In 2025, Endeavour Silver produced 11 million ounces of silver equivalent metal, a 48% increase compared to 2024 [5] - The company reported record revenue of $468 million, up 115% from 2024, with cost of sales at $385 million and mine operating earnings of $83 million [7] - Mine operating cash flow before taxes rose by 116%, while cash costs increased to $19 per ounce of payable silver [7][8] - Adjusted net earnings for Q4 were $4.8 million, or $0.02 per share, impacted by realized losses from derivative contracts and higher financing costs [7][8] Business Line Data and Key Metrics Changes - In Q4, Endeavour Silver produced 2 million ounces of silver and 14,000 ounces of gold, totaling just shy of 4 million silver equivalent ounces, representing a 146% increase compared to Q4 of 2025 [6] - Excluding Coba and Terronera, production was up 27% compared to the same period last year [6] Market Data and Key Metrics Changes - Silver and gold prices have seen exceptional gains, with gold trading above $5,000 and silver above $90, reflecting ongoing confidence in precious metals [4] - The company is well-positioned to benefit from current silver prices, indicating substantial runway remaining in this cycle [4] Company Strategy and Development Direction - Endeavour Silver's strategic initiatives include the acquisition of Kolpa, achieving commercial production at Terronera, and advancing the Pitarrilla development asset [4][5] - The company plans to invest $68 million in Pitarrilla in 2026, including completing a feasibility study and advancing construction [12] - The focus remains on operational investment priorities across main operations and projects to drive growth in 2026 [10] Management's Comments on Operating Environment and Future Outlook - Management highlighted the importance of safety and operational stability, especially in light of recent security events in Mexico [3] - The transition from diesel to liquefied natural gas is expected to significantly reduce operating costs starting in Q2 2026 [8][17] - Management expressed confidence in achieving a steady state of operations at Terronera by mid-year 2026, with expectations for improved throughput and recoveries [11][91] Other Important Information - The company raised $350 million through a convertible debt offering in December, strengthening its balance sheet [5] - As of December 31, 2025, the company's cash position was $215 million, providing financial strength for strategic initiatives [10] Q&A Session Summary Question: Updates on operational issues at Terronera - Management confirmed improvements in mill availability and electrical disruptions, with expectations to transition to LNG for better stability and cost efficiency [15][17] Question: Grade profile at Terronera - Management indicated that lower grades were due to mining lower grade stockworks initially, with expectations for higher grades in the second half of 2026 [19][23] Question: Capital spending and development at Terronera - Management acknowledged being slightly behind on development but expects costs to decrease as operations stabilize [26][28] Question: Impact of silver prices on costs - Management noted that higher silver prices would increase direct costs due to royalties and duties, but margins remain strong [41][43] Question: Derivative hedge and risk management - Management discussed the remaining gold hedge and the company's policy to remain unhedged on silver, focusing on managing exposure to currency fluctuations [48][50] Question: Accounting implications of Bolanitos sale - Management confirmed an accounting gain from the sale of Bolanitos and discussed the impact of construction costs on taxes [70][72]

Financial Data and Key Metrics Changes - In 2025, Endeavour Silver produced 11 million ounces of silver equivalent metal, a 48% increase compared to 2024 [5] - The company reported record revenue of $468 million, up 115% from 2024, with cost of sales at $385 million and mine operating earnings of $83 million [6] - Adjusted net earnings for Q4 were $4.8 million, or $0.02 per share, impacted by realized losses from derivative contracts and higher financing costs [6][7] Business Line Data and Key Metrics Changes - In Q4, Endeavour produced 2 million ounces of silver and 14,000 ounces of gold, totaling just shy of 4 million silver equivalent ounces, representing a 146% increase compared to Q4 of 2025 [5] - Excluding Coba and Terronera, production increased by 27% compared to the same period last year [6] Market Data and Key Metrics Changes - Silver and gold prices have seen exceptional gains, with gold trading above $5,000 and silver above $90, driven by inflationary pressures and global economic uncertainty [4] - The company is well-positioned to benefit from current silver prices, indicating substantial runway remaining in this cycle [4] Company Strategy and Development Direction - Endeavour Silver's strategic initiatives include the acquisition of Kolpa, achieving commercial production at Terronera, and advancing the Pitarrilla development asset [4][5] - The company plans to invest $68 million in Pitarrilla in 2026, focusing on exploration and technical studies [12] Management's Comments on Operating Environment and Future Outlook - Management emphasized the importance of safety and operational stability, particularly in light of recent security events in Mexico [3] - The company anticipates a substantial reduction in direct operating costs as it transitions to liquefied natural gas in Q2 2026 [8][10] Other Important Information - As of December 31, 2025, the company's cash position was $215 million, providing financial strength to advance strategic initiatives [10] - The company expects to see improvements in throughput and recoveries as operations stabilize at Terronera [11] Q&A Session Summary Question: Can you discuss the mill availability and electrical interruptions at Terronera? - Management confirmed improvements in January and February, with stabilization of electrical disruptions and plans to transition to an LNG plant for better reliability and cost [15][17] Question: What is the guidance on grades at Terronera? - Management indicated that lower grades were due to mining stockwork, with expectations for higher grades in the second half of the year as operations progress [19][22] Question: How will costs drop in 2026? - Management explained that Q1 costs would be higher due to one-time expenditures, but costs are expected to decrease as operations stabilize and higher grades are processed [56][60] Question: What changes in security protocols have been implemented due to recent events in Jalisco? - Management stated that while there would be no dramatic changes in security costs, there would be increased monitoring of transportation lines [64][66] Question: What is the status of the Bolanitos sale and its accounting impact? - The sale closed on January 15, and the company anticipates recognizing an accounting gain in Q1 [72][73]

2025 Full year results Resilient results and strong cash flow supported by cost management and restructuring FCF1 of €314m n Proposed dividend of €1.95 n Ongoing €200m share buyback Bekaert delivered a resilient performance in 2025. The year was marked by shifts in global trade policies which created uncertainty and undermined demand. In addition, slower growth in the hydrogen end market required adjustment to bring footprint in line with demand outlook. At the same time, Bekaert has translated robust deman ...

The Mosaic Company (NYSE:MOS) Q4 2025 Earnings call February 25, 2026 11:00 AM ET Company ParticipantsBruce Bodine - President and CEOChris Parkinson - Managing DirectorJason Tremblay - VP of Enterprise Strategy and Business SupportJenny Wang - EVP for CommercialJoel Jackson - Managing Director of Equity ResearchKristen Owen - Managing DirectorLuciano Siani Pires - EVP and CFOMike Sison - Managing DirectorRahi Parikh - Assistant VPVincent Andrews - Managing DirectorConference Call ParticipantsAndrew Wong - ...

Financial Performance - Addus HomeCare reported a 25.6% increase in net service revenues, reaching $373.1 million for the fourth quarter of 2025 [2][6] - The company's net income for the fourth quarter was $29.8 million, or $1.61 per diluted share, with adjusted net income per diluted share increasing by 28.3% year-over-year to $1.77 [3][6] - Adjusted EBITDA grew by 33.3% year-over-year, amounting to $50.3 million, indicating strong financial health and cash flow generation [4][6] Stock Performance - Despite strong financial results, Addus HomeCare's stock price has decreased by 10.57%, currently trading at $105.20 [4][6] - The stock has fluctuated between $101 and $113 today, with a 52-week high of $124.44 and a low of $88.96 [5] - The company's market capitalization is approximately $1.94 billion, with a trading volume of 679,173 shares, reflecting strong investor interest [5]

Ned Coletta: Thanks, Brian. Good morning from Rutland, Vermont. As my first earnings call as CEO, I want to begin by saying how honored I am to lead this exceptional team into the next chapter of Casella's growth. I'm energized by the opportunities ahead and confident in our ability to continue building long-term value for our shareholders, customers, and employees. We closed the fourth quarter with performance that reflects sustained organic growth, meaningful operating improvement, and continued strategic ...

Phosphate: The phosphate operating rate averaged 87% in the second half of 2025. Nutrien said it delivered within its guidance range despite lower North American demand in Q4.Nitrogen: Nitrogen sales volumes increased to 10.9 million tons, and ammonia operating rates improved by four percentage points, supported by reliability initiatives and debottlenecking projects. Management said strong performance from North American nitrogen plants offset the impact of a controlled shutdown of Trinidad operations in Q ...

Core Viewpoint - Anglo American PLC reported strong earnings, with an EPS of $0.28, exceeding estimates, and is pursuing a merger with Teck Resources to enhance its market position in critical minerals [1][3][6] Financial Performance - The company reported revenue of approximately $10.89 billion, aligning with expectations, and achieved a 2025 underlying EBITDA of $6.4 billion, supported by cost savings of $1.8 billion [1][2] - The price-to-sales ratio stands at 2.68, indicating investor confidence, while the enterprise value to sales ratio is 3.19 and the enterprise value to operating cash flow ratio is 11.55 [5][6] Strategic Initiatives - A proposed merger with Teck Resources aims to create a global leader in critical minerals, enhancing market position and unlocking substantial value [3][4][6] - The merger is supported by Teck's strong fourth-quarter performance, with adjusted earnings of C$1.37 per share and revenue of approximately C$2.79 billion [4] Financial Health Indicators - The company has a debt-to-equity ratio of 0.88, indicating a moderate level of debt, and a current ratio of 2.31, reflecting a strong ability to cover short-term liabilities [5][6]

Zacks Investment Research has recently initiated coverage of Q.E.P. Co., Inc. (QEPC) , assigning a "Neutral" recommendation to the company's shares. This assessment comes amid a mixed outlook for the company, which has been making notable strides in the flooring installation solutions space despite industry challenges.QEP, based in Boca Raton, FL, is a designer, manufacturer and distributor of flooring installation solutions for commercial and home improvement projects. QEPC offers a broad portfolio of spec ...

Financial Data and Key Metrics Changes - Constellium achieved adjusted EBITDA of $83 million in Q4 2025, a 43% increase compared to Q4 2024, with full-year adjusted EBITDA of $339 million, up 16% from 2024 [2][3] - Free cash flow for 2025 was $178 million, significantly improved from 2024, with expectations for 2026 to exceed $200 million [10][11] - Net debt at the end of Q4 2025 was $1.8 billion, an increase of approximately $50 million from the end of 2024, with leverage reduced to 2.5 times [12][13] Business Segment Performance Changes - A&T segment adjusted EBITDA was $83 million in Q4 2025, driven by a 41% increase in TID shipments, while full-year adjusted EBITDA was $339 million [2][3] - PARP segment achieved a record adjusted EBITDA of $136 million in Q4 2025, a 143% increase year-over-year, with full-year adjusted EBITDA of $353 million, up 46% from 2024 [4][5] - AS&I segment adjusted EBITDA was $5 million in Q4 2025, a slight increase from the previous year, with full-year adjusted EBITDA of $72 million, down 3% from 2024 [6][7] Market Data and Key Metrics Changes - Demand in aerospace remains strong, with commercial aircraft backlogs at record levels, while automotive demand in North America is stable but weak in Europe [15][19] - Packaging demand is healthy in both North America and Europe, with expectations for low to mid-single-digit growth in the long term [17][18] - Industrial market conditions in North America and Europe stabilized in the second half of 2025, but specialty markets in Europe remain weak [21][22] Company Strategy and Development Direction - The company announced a new group-wide excellence program, Vision 2028, aimed at operational efficiencies and cost reduction [10][46] - Investment in additional capacities, particularly in aerospace, is ongoing, with a new Airware cast house expected to start up by the end of 2025 [16][45] - The company remains focused on strong cost control, free cash flow generation, and maintaining a right-sized cost structure [10][23] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term fundamentals driving commercial aerospace demand, including growing passenger traffic and demand for fuel-efficient aircraft [15][16] - The company anticipates continued benefits from favorable recycling economics in 2026, particularly in the first half [11][32] - Inflationary pressures are ongoing, but the company is focused on managing costs effectively in a fluid market environment [10][46] Other Important Information - The company repurchased 8.9 million shares for $115 million in 2025, with approximately $106 million remaining on the share repurchase program [11][12] - Holdings and corporate expenses for 2025 were $44 million, up $11 million from the previous year, primarily due to higher labor costs [7][8] Q&A Session Summary Question: Can you let us know how much of a benefit for scrap spreads is embedded in the 2026 guide? - Management expects similar benefits from scrap spreads in 2026 as seen in Q4 2025, with a net impact of $40 million from favorable conditions [27][32] Question: What are your latest thoughts on the aerospace recovery? - Aerospace demand is steady, with military jets and space expected to grow positively, while the new Airware cast house will enhance capabilities [44][45] Question: Any thoughts on potential tariff relief on downstream products? - Management does not foresee any impact from potential tariff relief, believing tariffs are currently a net positive for the company [49][50] Question: Can you elaborate on the cadence expected for EBITDA and free cash flow? - Q1 2026 is expected to be stronger than Q4 2025 due to favorable recycling economics and benefits from automotive supply disruptions [55][56] Question: What are the assumptions on Midwest Premium and scrap spread baked into your guidance? - Management indicated that the first half of 2026 has stronger assumptions for Midwest Premium and scrap spreads compared to the second half [62][66]