Financial Data and Key Metrics Changes - In 2025, the company achieved a 12% increase in net sales compared to the previous year, with adjusted EBITDA growing by 14% and adjusted EBITDA margin expanding by 70 basis points [7][21] - The company reported double-digit growth for the second consecutive year, marking the fifth consecutive year of net sales and earnings growth [8][21] - Adjusted diluted net earnings per share increased by 17%, and adjusted free cash flow rose by 16% [21][22] Business Line Data and Key Metrics Changes - The Mineral Fiber segment saw a 3% sales growth in Q4, driven by a 6% increase in average unit value (AUV), despite lower sales volumes due to external factors [16][17] - Architectural Specialties (AS) segment delivered an 11% top-line growth in Q4, supported by contributions from recent acquisitions and organic growth [19][21] - Mineral Fiber adjusted EBITDA margin reached a record 42.1% in Q4, while AS segment adjusted EBITDA margin was approximately 18%, below the 20% target due to project delays [17][19] Market Data and Key Metrics Changes - The company anticipates flat to 1% growth in Mineral Fiber volume for 2026, with AUV growth expected to be around 6% [25][26] - High single-digit organic growth is expected in the AS segment, driven by market penetration and contributions from recent acquisitions [25][26] - The company expects total net sales growth of 8%-10% in 2026, with adjusted EBITDA growth of 8%-12% [25][26] Company Strategy and Development Direction - The company is focused on innovation, operational excellence, and expanding its architectural specialties business through acquisitions [30][34] - Recent acquisitions, including Eventscape, are expected to enhance the company's ability to partner with architects and designers, driving growth in commercial buildings [34][37] - The company is prioritizing energy-efficient building solutions and data centers as key growth areas, aligning with macro trends in construction [30][31] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about slightly improving market conditions in 2026, despite ongoing uncertainties related to policy and geopolitical events [37] - The transportation vertical is expected to remain a growth area, along with gradual recovery in the office vertical [38] - Management noted that project bids for office spaces are significantly higher than inflationary levels, indicating increased investment in tenant improvements [60][62] Other Important Information - The company has a strong balance sheet and ample liquidity, with $533 million remaining under the existing share repurchase authorization [24] - The company is committed to disciplined capital allocation, prioritizing reinvestment in the business, strategic acquisitions, and returning cash to shareholders [23][24] Q&A Session Summary Question: What is the price and mix split for the 6% AUV growth in 2026? - Management indicated that the AUV performance was above historical levels, with a slight bias towards price rather than mix due to inflationary pressures [46] Question: How should we think about strategic continuity and top priorities under new leadership? - The new CEO emphasized that there will be no pivot in strategic direction, focusing on innovation, growth initiatives, and productivity [48][49] Question: Can you discuss the operating environment and the momentum of new products? - Management noted that while the overall starts of work in the marketplace are flat, the values of bids for office spaces are significantly higher, indicating a positive trend [58][60] Question: What are the expectations for input inflation in 2026? - Input inflation is expected to be in the mid-single-digit range, with specific components like energy seeing higher inflation [68][69] Question: What gives confidence in the architectural specialties organic growth returning to high single digits? - Management highlighted strong backlog growth and order intake at double-digit levels, indicating confidence in returning to high single-digit growth [85][86]

PresentationBonnie HerzogGoldman Sachs Group, Inc., Research Division Hi, everyone. It's my pleasure to welcome Newell Brands to CAGNY this year. They're our last presenter, so this is quite exciting. Joining us today are President and CEO, Chris Peterson; and CFO, Mark Erceg, Also, please join me in thanking them for sponsoring the break earlier today. So with the strong portfolio of well-known brands, Newell Brands is focused on delighting consumers by lighting up everyday moments. The company has been o ...

AngloGold Ashanti (NYSE:AU) Q4 2025 Earnings call February 20, 2026 08:00 AM ET Company ParticipantsAdrian Hammond - Executive DirectorAlberto Calderon - CEOGillian Doran - CFOJosh Wolfson - Managing DirectorMarcelo Godoy - Chief Technology OfficerPatrick Jones - Executive DirectorStewart Bailey - SVP of Investor RelationsTerry Briggs - Chief Development OfficerConference Call ParticipantsJoseph Rieger - AnalystRene Hochreiter - Equity Research AnalystTanya Jakusconek - Equity AnalystOperatorGood afternoon, ...

20 February 2026 Operating and financial results for H2 & YE 2025 Solid operational output and financial stability | Agenda | | | --- | --- | | a | Salient features | | b | Performance excellence • Safe production • Resource optimisation | | | • Operational excellence • Embedding sustainability | | c | Growth | | d | Financial performance | | e | Market performance and outlook | | f | Resilient strategy for the way forward | | g | Q&A | Columbus metallurgical facility, US PGM operations Disclaimer FORWARD L ...

Achieved 2025 production and cost guidance, with margins expanding 66%—significantly outperforming the 43% increase in gold prices. Record free cash flow of $2.5 billion for the full year was driven by strong performance at anchor assets Tasiast and Paracatu, which provided over half of total production. Management attributed the margin expansion to a rigorous focus on cost control and operational excellence, which served as a hedge against industry-wide inflationary pressures. Strategic positioning ...

Core Insights - Rio Tinto reported an 8% increase in CuEq production, driven by the ramp-up of the Oyu Tolgoi underground copper mine and record iron ore production from Pilbara operations [1][2] - Underlying EBITDA rose by 9% to $25.4 billion, with operating cash flow at $16.8 billion, reflecting strong operational performance and cost discipline [1][2] - The company aims for a 3% CAGR in CuEq production through 2030, supported by a high-quality pipeline and structural cost improvements [1] Financial Performance - Net cash generated from operating activities increased by 8% to $16.8 billion in 2025 compared to $15.6 billion in 2024 [1] - Free cash flow decreased by 28% to $4.0 billion from $5.6 billion in 2024 [1] - Consolidated sales revenue grew by 7% to $57.6 billion, while underlying earnings remained stable at $10.9 billion [1] Operational Highlights - The company achieved a 5% reduction in operating unit costs in 2025, with significant productivity benefits expected to yield $650 million in annualized savings by Q1 2026 [1][2] - Key project milestones included the completion of the Oyu Tolgoi underground development and the opening of the Western Range iron ore replacement mine on time and on budget [1][2] Strategic Focus - Rio Tinto's strategy emphasizes operational excellence, project execution, and capital discipline, with a diversified portfolio of world-class assets [1][2] - The company is targeting to release $5-10 billion in cash proceeds from its asset base, alongside ongoing market testing of borates and TiO2 [2] Sustainability Initiatives - CO2 emissions were reported at 31.5 million tonnes in 2025, marking a 14% reduction from the 2018 baseline, with a goal of a 50% reduction by 2030 [2] - The company signed modernized agreements with local communities to strengthen partnerships and ensure long-term benefits [2]

Company Overview - Stanley Black & Decker has appointed Chris Nelson as the new President and CEO, transitioning from his previous role as COO [2] Strategic Focus - The company's mission is to support customers by providing solutions and activating core brands with purpose, particularly focusing on DEWALT, Stanley, and CRAFTSMAN [2] - There is an emphasis on driving operational excellence across the organization, having completed a transformation cost-out program that resulted in a reduction of $2.1 billion from the cost structure [3]

Summary of Stanley Black & Decker FY Conference Call Company Overview - **Company**: Stanley Black & Decker (NYSE: SWK) - **Date of Conference**: February 18, 2026 Key Points Industry and Market Environment - The company is navigating a stable operating environment compared to the previous year's volatility caused by tariffs [11] - The demand outlook is expected to be more predictable, with a focus on adjusting pricing strategies to maintain margins [11][12] Financial Performance and Strategy - Completed a transformation cost-out program, achieving $2.1 billion in cost reductions [4] - Aiming for a 3% annual gross productivity improvement in cost of goods sold (COGS) to fuel brand investments [4] - Confidence in maintaining gross margins between 34%-35% by the end of the year, despite a challenging market backdrop [75][88] Brand and Product Development - Focus on activating core brands: DEWALT, STANLEY, and CRAFTSMAN, with significant product launches planned [3][5] - DEWALT has seen market share expansion due to targeted investments in market activation and product development [40] - STANLEY is undergoing a revitalization with a new product line aimed at small construction contractors, expected to roll out significantly in 2026 and 2027 [42][43] - CRAFTSMAN is being repositioned as a DIY brand with a focus on launching a suite of essential power tools aimed at the DIY market [54][58] Operational Excellence - The company is committed to driving operational excellence through lean capabilities and optimizing production footprints [4][65] - Plans to exit China for production by the end of the year, aiming for over 75% USMCA qualification for products [74] Market Share and Competitive Landscape - No significant structural changes in market share within the tools and outdoor business, but confidence in gaining share in professional channels [13][14] - The DIY segment has been weaker, with adjustments needed for price-sensitive items [15] Pricing Strategy - Implemented price increases to mitigate tariff impacts, with ongoing adjustments to pricing levels based on market conditions [10][11] - Observed increased price sensitivity in entry-level products, necessitating recalibration of promotional strategies [29][30] Future Outlook - Anticipates organic volume growth in industrial and automotive sectors, with a focus on high-growth verticals like solar [22] - Plans to continue evaluating the outdoor portfolio, with a shift to a licensing model for gas walk-behind products to optimize resource allocation [93][94] Conclusion - The company is optimistic about its growth trajectory, driven by innovation, operational improvements, and strategic brand management, while navigating a more stable market environment [5][11][88]

IAMGOLD (NYSE:IAG) Q4 2025 Earnings call February 18, 2026 08:30 AM ET Speaker4At this time, I would like to turn the conference call over to Graham Jennings, Investor Relations for IAMGOLD. Please go ahead, Mr. Jennings.Speaker2Thank you, operator, and welcome everyone to our conference call this morning. Joining us on the call are Renaud Adams, President, Chief Executive Officer, Maarten Theunissen, Chief Financial Officer, Bruno Lemelin, Chief Operating Officer, Annie Torquay Legacy, Chief Legal and Stra ...

Management characterized 2025 as a transformational year, achieving record revenue of $1.4 billion and record adjusted EBITDA of $670 million, which facilitated a 75% improvement in gross leverage. The company is executing a deliberate strategy to become the premier North American silver producer by divesting non-core gold assets and reinvesting in high-margin silver operations. Performance was driven by record production at Lucky Friday, which saw a nearly 50% increase in output over four years, and ...