Integer (NYSE:ITGR) Q4 2025 Earnings call February 19, 2026 09:00 AM ET Company ParticipantsAndrew Senn - Director of Investor RelationsDiron Smith - EVP and CFOConference Call ParticipantsAndrew Cooper - AnalystBrett Fishbin - AnalystJoanne Lynch - AnalystMatthew O'Brien - AnalystNathan Treybeck - AnalystPayman Khales - AnalystRichard Newitter - AnalystSuraj Kalia - AnalystTravis Steed - AnalystOperatorGood morning, and thank you for standing by. Welcome to Energous, excuse me, Integer Holdings Corporation ...

Financial Data and Key Metrics Changes - For Q4 2025, the company reported net income of approximately $32 million, or $0.23 per diluted share, on revenues of approximately $708 million, compared to net income of approximately $15.5 million, or $0.11 per diluted share, on revenues of approximately $608 million in Q4 2024 [18][19] - Adjusted EBITDA for Q4 2025 was approximately $126 million, up from approximately $108 million in Q4 2024 [20] - For the full year 2025, net income attributable to GEO operations was approximately $254 million, or $1.82 per diluted share, on revenues of approximately $2.63 billion, compared to $32 million, or $0.22 per diluted share, on revenues of $2.42 billion in 2024 [23][24] Business Line Data and Key Metrics Changes - Owned and leased secure service revenues increased by approximately $70 million, or 23%, in Q4 2025 compared to Q4 2024, primarily driven by new contracts with ICE [20] - Managed-only contracts revenues increased by approximately $26 million, or 17%, due to the joint venture for the North Florida Detention Facility and transportation revenue increases [21] - Revenues for electronic monitoring and supervision services increased by approximately 3%, reflecting a favorable technology and case management mix shift [22] Market Data and Key Metrics Changes - The census across active ICE facilities increased from approximately 22,000 in Q3 to approximately 24,000, the highest level recorded [6] - The current ICE detention census is approximately 70,000, distributed over 225 locations, primarily short-term jail facilities [11] - The company has approximately 6,000 idle beds at six company-owned facilities, which could generate over $300 million in annualized revenues at full capacity [12] Company Strategy and Development Direction - The company aims to capture new growth opportunities that could generate up to $520 million in annualized revenues, marking the most successful period for new business wins in its history [3][32] - The company is exploring participation in the federal government's initiative to purchase and retrofit commercial warehouses for detention capacity, while also focusing on utilizing its idle facilities [13][42] - The company is pursuing additional opportunities in mental health services at the state level, indicating a diversification strategy [15] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the growth potential of the ICE contract, particularly with the increase in monitoring services and case management [9][10] - The company expects 2026 to be as active as 2025, with potential upside across diversified business segments [32] - Management acknowledged the impact of government funding processes on operations but indicated strong liquidity and support from lenders [14][29] Other Important Information - The company completed the sale of the Lawton, Oklahoma facility for $312 million and the Hector Garza facility for $10 million, resulting in a significant pre-tax gain [24][30] - A share repurchase program was initiated in August 2025, with approximately 5 million shares repurchased for about $91 million by year-end 2025 [16][30] - The company closed 2025 with approximately $70 million in cash and approximately $1.65 billion in total debt [28] Q&A Session Summary Question: Regarding ICE's focus on warehouse initiatives and contract delays - Management indicated that ICE is pursuing both warehouse initiatives and utilizing existing private sector bed capacity, estimating a need for at least 20,000 new beds to reach a target of 100,000 [40][41] Question: On ISAP contract participant levels and capacity - Management confirmed readiness to scale monitoring devices and case management services to meet increased participant levels as outlined in the new ISAP contract [44] Question: Stock buyback strategy given current stock price - Management acknowledged the potential for more aggressive buybacks at current stock levels, emphasizing a diligent approach to capital allocation [46][47] Question: Monitoring service margins and mix shifts - Management explained that margin compression is primarily due to a shift in service mix, with increased demand for higher-cost ankle monitors impacting overall margins [51][52] Question: Guidance for 2026 and startup expenses - Management provided insights into conservative guidance for 2026, factoring in startup expenses related to activating idle facilities, with expectations for margin normalization in the latter half of the year [70][71]

Core Insights - Diebold Nixdorf reported significant growth in revenue and adjusted EBITDA for the fiscal year 2025, with free cash flow more than doubling compared to the previous year [1] Financial Performance - The company executed a new $200 million share repurchase program after completing an initial $100 million program in Q4 2025, repurchasing approximately $128 million of shares, which is about 6% of the total shares outstanding for FY 2025 [1] - Adjusted EPS more than doubled year-over-year [1] - Free cash flow reached a record high, more than doubling year-over-year [1] - Order entry grew by 17%, while revenue growth was approximately 2% year-over-year [1] Future Outlook - Diebold Nixdorf established a new financial outlook for 2026, which exceeds the previous targets provided during the 2025 Investor Day [1]

Group 1 - OpenText (OTEX) has increased its FY26 share repurchase program by $200 million, intending to purchase up to a maximum aggregate value of $500 million of its common shares under a normal course issuer bid (NCIB) [1] - The maximum number of common shares that may be acquired under the NCIB remains unchanged at 24,906,456 common shares, previously approved by the TSX [1] - The NCIB is effective for a 12-month period from August 12, 2025, to August 11, 2026 [1] Group 2 - As of January 31, 2026, the company has purchased approximately $190 million of common shares for cancellation during FY26 [1] - Approximately 5 million common shares have been purchased and cancelled for an aggregate value of approximately $165 million since the beginning of the NCIB [1]

Group 1 - The Company, Imperial Petroleum Inc., has announced a share repurchase program authorized by its Board of Directors, allowing the repurchase of up to $10,000,000 of its common stock [1] - The shares may be repurchased through open market or privately negotiated transactions, with the program subject to suspension or discontinuation at any time [1] Group 2 - Imperial Petroleum Inc. is a ship-owning company that provides petroleum products, crude oil, and dry bulk seaborne transportation services [2] - The Company currently owns a total of twenty vessels, including seven M.R. product tankers, two suezmax tankers, three handysize drybulk carriers, five supramax drybulk carriers, two kamsarmax drybulk vessels, and one post panamax drybulk carrier, with a total capacity of approximately 1,291,000 deadweight tons (dwt) [2] - The Company has contracted to acquire an additional five handysize drybulk carriers and a product tanker, which will increase its fleet to a total of 26 vessels with an aggregate capacity of about 1.5 million dwt [2] - The common stock and 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock of Imperial Petroleum Inc. are listed on the Nasdaq Capital Market under the symbols "IMPP" and "IMPPP," respectively [2]

Core Viewpoint - dsm-firmenich has agreed to divest its Animal Nutrition & Health (ANH) business to CVC Capital Partners for an enterprise value of approximately €2.2 billion, which includes an earnout of up to €0.5 billion, while retaining a 20% equity stake in the divested companies [1][2]. Group 1: Transaction Details - The divestment of ANH follows the sale of Feed Enzymes activities to Novonesis for €1.5 billion in 2025, marking a strategic shift for dsm-firmenich to focus solely on consumer sectors in nutrition, health, and beauty [2]. - The total enterprise value of ANH, including the previous sale, amounts to €3.7 billion, reflecting a 10x EV/Adjusted EBITDA multiple [2][5]. - dsm-firmenich expects to receive approximately €1.2 billion post-transaction, with an estimated €0.6 billion in net cash proceeds and a vendor loan note of €0.1 billion [5][12]. Group 2: Business Structure and Operations - ANH will be divided into two standalone companies: the "Solutions Company" and the "Essential Products Company," both based in Kaiseraugst, Switzerland [5]. - The Solutions Company will focus on Performance Solutions, Premix, and Precision Services, while the Essential Products Company will handle Vitamins, Carotenoids, and Aroma Ingredients [5]. - dsm-firmenich will enter into a long-term supply agreement for vitamins with the Essential Products Company to ensure continuity in supply for human and pet food applications [5]. Group 3: Financial and Strategic Implications - The transaction is expected to result in a non-cash impairment of around €1.9 billion in 2025 before taxes, with additional cash tax and transaction costs of €0.2 billion anticipated in 2026 [12]. - dsm-firmenich plans to initiate a share repurchase program worth €0.5 billion in Q1 2026 and aims to maintain a stable dividend of €2.50 per share, with a policy of progressively increasing dividends over time [3][4]. - The CEO of dsm-firmenich emphasized that this divestment represents the final step in their strategic roadmap, aiming to accelerate growth and create long-term value for stakeholders [7].

Core Viewpoint - CNB Community Bancorp, Inc. has announced a new share repurchase program, authorizing the repurchase of up to $2.5 million of common stock, reflecting confidence in the company's balance sheet and long-term value [1][3]. Group 1: Share Repurchase Program Details - The share repurchase program allows the company to buy back shares in the open market or through private transactions, subject to market conditions and regulatory requirements [1][2]. - The program is set to expire on December 31, 2026, and the timing and number of shares repurchased will depend on various factors including market conditions and corporate liquidity [2]. - The company plans to fund the repurchases from existing funding sources, potentially supplemented by dividends from County National Bank [3]. Group 2: Company Background - CNB Community Bancorp, Inc. is a one-bank holding company established in 2005, with its subsidiary, County National Bank, providing full-service banking since 1934 [4]. - The company is headquartered in Hillsdale, Michigan, and offers banking products along with investment management and trust services to communities in southern Michigan [4].

Core Viewpoint - Nextpower Inc. reported strong third-quarter financial results, exceeding expectations, and raised its FY26 guidance, leading to a significant increase in stock price [1][2]. Financial Performance - The company achieved a revenue growth of 34% year-over-year, totaling $909 million, surpassing the consensus estimate of $810.7 million [1]. - Adjusted EPS was reported at $1.10, exceeding the street view of 93 cents [1]. - For FY2026, Nextpower raised its adjusted EPS guidance to a range of $4.26–$4.36, up from $4.04–$4.25, slightly above the analyst estimate of $4.25 [2]. - The FY2026 sales outlook was lifted to $3.425 billion–$3.500 billion from $3.300 billion–$3.500 billion, compared to the street view of $3.449 billion [2]. Share Repurchase Program - The company authorized a share repurchase program to buy back up to $500 million of common stock over the next three years [2]. Joint Venture and Project Development - Nextpower announced a joint venture to supply 2.25 GW of solar tracking systems to Larsen & Toubro for the Bisha Solar project, one of Saudi Arabia's largest utility-scale solar plants [3]. Analyst Ratings and Market Position - KeyBanc analyst Sophie Karp upgraded Nextpower from Sector Weight to Overweight with a price target of $142, citing strong U.S.-focused revenue growth [4]. - The U.S. business saw a 63% year-over-year increase, with 81% of sales being domestic [4]. - Profitability remained robust, with an adjusted EBITDA margin of 23.5% and an adjusted gross margin of 32.4% [4]. - The analyst anticipates multi-year growth opportunities and a competitive edge due to the company's focus on less-commoditized BOS products [5]. Future Revenue Estimates - The analyst estimates revenue of $812.2 million for Q4 FY26, $3.49 billion for FY26, and $3.76 billion for FY27, with varying comparisons to consensus estimates [6]. Stock Performance - Following the positive financial results and guidance, Nextpower shares increased by 14.05%, reaching $121.79 [6].

Core Viewpoint FFW Corporation reported strong financial performance for the quarter and six months ended December 31, 2025, with increases in net income, net interest income, and improvements in key financial ratios compared to the previous year. Financial Performance - For the three months ended December 31, 2025, net income was $1,617,000 or $1.48 per common share, up from $1,440,000 or $1.29 per common share in the same period of 2024 [2] - For the six months ended December 31, 2025, net income was $3,135,000 or $2.88 per common share, compared to $2,682,000 or $2.38 per common share for the same period in 2024 [3] Income and Expenses - Net interest income for the three months ended December 31, 2025, was $4,664,000, an increase from $3,994,000 in the same period of 2024 [2] - Total noninterest income for the three months ended December 31, 2025, was $1,161,000, down from $1,259,000 in the same period of 2024 [2] - Noninterest expense for the three months ended December 31, 2025, was $3,909,000, compared to $3,578,000 for the same period in 2024 [2] Key Ratios - Return on average common equity for the three months ended December 31, 2025, was 11.77%, up from 11.36% in the same period of 2024 [4] - Return on average assets for the three months ended December 31, 2025, was 1.11%, compared to 0.99% for the same period in 2024 [4] Credit Quality - The allowance for credit losses as a percentage of gross loans receivable was 1.33% at December 31, 2025, slightly down from 1.35% at June 30, 2025 [5] - Nonperforming assets were $6,908,000 at December 31, 2025, down from $8,147,000 at June 30, 2025 [5] Balance Sheet Highlights - Total assets at December 31, 2025, were $584,760,000, an increase from $570,108,000 at June 30, 2025 [6] - Shareholders' equity was $55,209,000 at December 31, 2025, compared to $49,944,000 at June 30, 2025 [6] Share Repurchase Program - During the quarter ended December 31, 2025, the Corporation repurchased 1,408 shares at an average price of $44.87 [6]

Core Insights - Camden National Corporation reported a record-setting fourth-quarter net income of $22.6 million, reflecting a 6% increase from the previous quarter, with diluted earnings per share of $1.33 [4][7] - The company highlighted improvements in core profitability metrics, including a net interest margin (NIM) expansion of 13 basis points to 3.29% and an efficiency ratio around 51.7% [2][7] - Management expects continued growth in net interest income and loan growth, with a forecast of flat to 2% loan growth in Q1 2026 and a mid-single-digit outlook for the remainder of the year [6][14] Profitability Metrics - The return on average assets for the quarter was reported at 1.3%, while the return on average tangible equity was 19.06% [1][2] - The efficiency ratio improved to below 52%, indicating enhanced expense management [2][4] Capital and Credit Quality - The company authorized a share repurchase program for up to 850,000 shares, approximately 5% of shares outstanding, while focusing on capital build and organic growth [5][19] - Credit quality remained strong, with non-performing assets at 10 basis points of total assets and total past due loans at 16 basis points of total loans [16][18] Loan and Deposit Growth - Deposits increased by 2% from the previous quarter, with savings balances up 5% and interest checking balances rising 11% [11] - Loan growth was reported at 2% for the year, although total loans declined by 1% in Q4 due to higher payoffs and prepayments [12][14] Future Outlook - Management anticipates a small core NIM gain in Q1 2026, with funding costs expected to improve by approximately 7 to 10 basis points [10][6] - The residential loan pipeline is reported at just over $83 million, with a solid commercial pipeline of just over $77 million, indicating a positive outlook for January [14]