Marriott Vacations Worldwide (NYSE:VAC) Q4 2025 Earnings call February 26, 2026 08:00 AM ET Speaker8Greetings, welcome to the Marriott Vacations Worldwide fourth quarter 2025 earnings call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to ...

While Ford's Q4 may have disappointed some investors, the silver lining is that Ford Pro is positioned for growth.Ford Motor Company (F +1.55%), General Motors (GM +1.40%), and Stellantis (STLA 0.71%) certainly have much in common as automakers, especially considering their core profit engine, North America. Despite so much in common, the three stocks have traded wildly differently over the past three years with GM nearly doubling, Ford remaining largely flat with a 9% gain, and Stellantis shedding roughly ...

Realigned the field-based biomedical technician team to focus on smaller, more profitable client engagements rather than high-volume, low-return contracts.Strengthened the balance sheet by reducing net debt by 30% year-over-year while simultaneously returning capital through the repurchase of 1.3 million shares.Achieved a record quarterly adjusted EBITDA margin of 24.3%, driven by improved labor efficiency in biomedical services and a favorable shift toward higher-margin oncology revenue.Restructured the co ...

Operating trends also improved. The company reported a fourth-quarter net loss from operations of $3.9 million , down 79% from Q4 2024, and adjusted EBITDA of positive $5.5 million , compared with negative $13.1 million in the year-ago quarter. CFO Raj Denhoy (who announced a transition into a strategy role) said the year-over-year adjusted EBITDA improvement of $18.6 million was driven by strong sales and higher U.S. gross profit, alongside tighter expense management.Establishment Labs posted a fourth-quar ...

Core Insights - Air France-KLM reported a net profit for its fourth quarter, indicating a positive financial turnaround driven by improved productivity and fuel efficiencies [1] Financial Performance - The company experienced a swing to net profit in the fourth quarter, highlighting a significant recovery in its financial performance [1] - Unit costs decreased due to productivity improvements, contributing to the overall profitability [1] - Fuel efficiencies played a crucial role in enhancing the company's financial results [1]

Core Insights - AS Tallink Grupp reported a decrease in total revenue for the financial year 2025, amounting to EUR 765.3 million, down from EUR 785.8 million in 2024, reflecting a decline of EUR 20.5 million [3][4] - The Group's unaudited net profit for 2025 was EUR 17.3 million, a significant decrease from EUR 40.3 million in 2024, resulting in earnings per share of EUR 0.023 [13][28] - The Group's operational performance was affected by low consumer confidence, economic challenges in core markets, and geopolitical tensions [11][29] Financial Performance - The Group carried 5,531,132 passengers in 2025, a 0.9% decrease year-on-year, while cargo units transported decreased by 19.2% to 245,004 [2] - Revenue from route operations decreased by EUR 13.7 million to EUR 625.2 million compared to 2024, with a segment result of EUR 70.5 million, down from EUR 81.5 million [4] - The Group's gross profit for 2025 was EUR 143.2 million, down from EUR 153.6 million in 2024, while EBITDA decreased to EUR 130.1 million from EUR 175.2 million [8][9] Segment Analysis - Revenue from the Estonia-Finland route increased by EUR 1.7 million to EUR 314.5 million, despite a 20.0% decrease in cargo units transported [5] - The Finland-Sweden routes saw a revenue decrease of EUR 3.3 million to EUR 225.5 million, with a segment result of EUR 1.3 million, down from EUR 2.8 million [6] - Estonia-Sweden routes experienced a revenue decline of EUR 12.1 million to EUR 85.3 million, with a segment result loss of EUR 1.2 million [7] Investments and Capital Expenditures - The Group's capital investments in 2025 totaled EUR 33.0 million, primarily for maintenance and refurbishment of vessels [14][15] - Planned maintenance works totaled 73 days in 2025, compared to 20 days in 2024 [15] Financial Position - As of December 31, 2025, the Group's net debt was EUR 432.4 million, with a net debt to EBITDA ratio of 3.3 [16][30] - Cash and cash equivalents decreased to EUR 13.5 million from EUR 31.9 million at the end of September 2025 [16][17] Dividends - The Group paid a total dividend of EUR 44.6 million in 2025, amounting to EUR 0.06 per share, with payments made in two installments [19][20]

Core Insights - Harju Elekter achieved strong financial results in 2025, with revenue reaching 174.0 million euros, consistent with the previous year, and a significant increase in profitability, including a record operating profit of 12 million euros and net profit exceeding 10 million euros [4][6][22]. Revenue and Financial Results - In Q4 2025, revenue increased by 58.6% year-on-year, reaching 47.5 million euros, while annual revenue remained stable at 174.0 million euros, a slight decrease of 0.4% from 2024 [6][22]. - Gross profit for Q4 2025 was 5.3 million euros, nearly tripling from 1.8 million euros in Q4 2024, with an operating profit of 1.8 million euros compared to a loss of 1.7 million euros in the previous year [8][22]. - The company reported a net profit of 2.6 million euros in Q4 2025, a significant turnaround from a loss of 2.3 million euros in Q4 2024, with earnings per share increasing to 0.14 euros [9][22]. Market Performance - The Estonian market showed strong growth, with Q4 revenue of 9.2 million euros, a 73.0% increase year-on-year, and full-year revenue rising to 29.9 million euros [12]. - Norway experienced the most substantial growth in Q4, with revenue tripling to 11.1 million euros and a full-year increase of 49.1%, totaling 39.3 million euros [14]. - Finland remained the largest market despite a decline in full-year revenue to 54.7 million euros, attributed to lower sales volumes in project-based contracts [13]. Strategic Focus and Investments - The company focused on improving profitability through selective project management and enhancing operational efficiency, which contributed to the growth in profitability [2]. - Total investments during the reporting period amounted to 5.1 million euros, aimed at improving production efficiency and developing new products, including a new-generation electric vehicle charger [16][18]. Shareholder Returns - The Management Board proposed a dividend payment of 0.25 euros per share, reflecting the strong financial performance and increased order book [5].

Financial Data and Key Metrics Changes - For Q3 fiscal 2026, consolidated revenue decreased by 7% to $7.1 million compared to $7.6 million in Q3 fiscal 2025 [4][8] - Consolidated gross profit totaled $0.4 million, a decrease of $0.6 million from the previous year [5][8] - Net loss for Q3 was $1.5 million, or $0.15 per share, reflecting ongoing challenges [9] Business Line Data and Key Metrics Changes - Stadco's revenue was $2.9 million with an operating loss of $1.2 million, which is $0.6 million higher in losses compared to the same period last year [4][5] - Ranor's revenue was $4.4 million with an operating profit of $1.5 million, consistent with prior year results [5][11] - Stadco experienced a decline in gross margin due to lower revenue and higher provisions for contract losses [12] Market Data and Key Metrics Changes - The company reported a strong backlog of $46 million, which includes only the funded portions of customer purchase orders [6][14] - The total of completed funded grant money from U.S. Navy submarine programs exceeded $24 million, representing over 50% of TechPrecision's market cap of $45.5 million [6][14] Company Strategy and Development Direction - The company aims to secure enduring partnerships with customers, particularly in the defense sector, to enhance revenue and profitability [14] - There is a focus on transitioning from one-time contracts to repeat orders to improve scalability and profitability [62] - The management is actively working to eliminate risks associated with legacy contracts and is targeting to improve Stadco's performance [15][39] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the unexpected challenges faced in Q3, including delays in customer-furnished materials and unfavorable project mix [4][30] - There is optimism about future revenue growth and profitability, with plans to build on existing customer relationships and capture new business opportunities [14][28] - Management expressed a commitment to improving operational performance and addressing legacy contract issues [39][62] Other Important Information - The company continues to manage cash flow actively, with net cash provided by operating and investing activities totaling $0.6 million for the nine months ended December 31, 2025 [10] - Total debt decreased to $6.7 million as of December 31, 2025, down from $7.4 million [11] Q&A Session Summary Question: How much more in the way of bad contracts does Stadco have left to work through? - Management indicated that they are working to quantify the remaining legacy contracts and are actively managing loss provisions [19][21] Question: What is the plan to drive revenue beyond the current $7 million-$9 million range? - Management stated that they are filling the backlog with new business that is priced better and are working closely with key customers like Sikorsky to ensure profitability [27][28] Question: Are there contractual protections in place to mitigate risks from customer delays? - Management confirmed that there are some protections in place, but acknowledged the need to strengthen them in future contracts [53][54] Question: How does the company plan to achieve scalability given the specialized nature of its operations? - Management emphasized the importance of focusing on repeat orders and long-term programs to enhance scalability and operational efficiency [61][62]

The quarter also included an impact from the Canada Post worker strike. Tortis said print revenues benefited from the recognition of approximately CAD 0.5 million of revenue deferred from the third quarter. Excluding that effect, she said the decline rate for total revenues would have been 7.4% in the fourth quarter of 2025, compared with 8.1% in the same period last year.Tortis attributed the quarterly revenue decline mainly to lower sales of higher-margin digital media and print products, and “to a lesser ...

Core Insights - Vertex, Inc. is a leading provider of indirect tax solutions globally, offering comprehensive software and services for tax compliance management [1] - Jefferies has set a price target of $16 for Vertex, indicating a potential price increase of approximately 24.71% from the current price of $12.83, reflecting confidence in the company's growth prospects [2][6] - Vertex reported double-digit revenue growth and improved profitability for the year ending December 31, 2025, with significant growth in its e-invoicing business, positioning the company well for future expansion [3][6] Financial Performance - The current stock price of Vertex is $12.83, representing a 13.78% decrease with a change of $2.05, while the market capitalization is approximately $2.05 billion [4] - The stock has fluctuated between $12.40 and $15.68 today, with a 52-week high of $52.74, indicating potential for recovery [4] - The trading volume for VERX is 7,817,750 shares on the NASDAQ exchange, reflecting active investor interest [5] Management Outlook - Christopher Young, Vertex's President and CEO, expressed optimism about accelerating revenue growth and enhancing profitability, driven by favorable near-term growth factors [5]