The Irish arm of retail giant Marks and Spencer (M&S) last year returned to profit to record pre-tax profits of €18.72m.New accounts filed by Marks & Spencer (Ireland) Ltd show that the business returned to pre-tax profit as revenues increased by 0.16% from €371.66m to €372.26m in the 12 months to the end of March 2025.The pre-tax profit of €18.7m followed a pre-tax loss of €8.8m in the prior year - a positive swing of €27.5m.The business returned to profit after its exceptional charges reduced from €42.32m ...

Radian Group (NYSE:RDN) Q4 2025 Earnings call February 19, 2026 11:00 AM ET Company ParticipantsBob Lally - VP of FinanceBose George - Managing DirectorDan Kobell - Senior Executive Vice President and Interim CFORick Thornberry - CEOConference Call ParticipantsMihir Bhatia - Director and Senior Equity Research AnalystTerry Ma - Director and Equity Research AnalystOperatorToday, and thank you for standing by. Welcome to the fourth quarter 2025 Radian Group conference call. At this time, all participants are ...

Core Viewpoint - The successful acquisition of Veloce Media Group by Sports Entertainment Gaming Global Corporation marks a pivotal moment in the company's strategic transformation into a global sports, entertainment, and gaming entity, expected to enhance revenue and shareholder value significantly [3][6]. Acquisition Details - The acquisition values Veloce at approximately $61 million (£45 million) and is completed through a mix of cash and SEGG Media equity, projected to contribute over $20 million in additional annual revenue starting in Q1 [2][4]. - The deal structure, involving cash and SEGG Media shares priced at $10 per share, reflects a shared belief among stakeholders that SEGG Media's current share price is undervalued [4]. Financial Implications - The acquisition is expected to substantially improve SEGG Media's revenue-to-market-cap ratio, aligning it more closely with larger digital media and sports entertainment platforms that trade at higher revenue multiples [6]. - The pro forma revenue profile of SEGG Media will grow significantly due to the incremental revenue from Veloce, which is anticipated to enhance the company's overall valuation [5]. Strategic Goals - Management's immediate focus post-acquisition is on effective integration, maintaining operational discipline, and leveraging the increased revenue scale for strong financial performance [10]. - The acquisition is seen as a paradigm shift for SEGG Media, strengthening its top-line revenue and expanding its global footprint [7]. Market Positioning - The combined platform of SEGG Media and Veloce positions the company for immediate revenue scale and diversification, enhancing its ability to monetize across various digital assets [9][14]. - The acquisition is expected to strengthen the balance sheet by increasing assets and equity, thereby enhancing liquidity [14].

Genuine Parts Company (NYSE:GPC) Q4 2025 Earnings call February 17, 2026 08:30 AM ET Speaker7At this time, I would like to turn the conference over to Tim Walsh, Vice President of Investor Relations. Please go ahead, sir.Speaker9Thank you, and good morning, everyone. Welcome to Genuine Parts Company's fourth quarter 2025 earnings call. Joining us on the call today are Will Stengel, Chair-elect and Chief Executive Officer, and Bert Nappier, Executive Vice President and Chief Financial Officer. In addition to ...

Core Insights - Aspo Plc reported significant profit improvement in 2025 despite challenging market conditions, with a notable increase in comparable EBITA and net sales [1][12] Financial Performance - For the full year 2025, net sales increased to EUR 616.3 million from EUR 592.6 million, representing a growth of 4.0% [20] - Comparable EBITA for the year grew to EUR 36.5 million, up from EUR 29.1 million, with a margin of 5.9% compared to 4.9% in 2024 [20] - The Group's total EBITA was EUR 43.1 million, significantly higher than EUR 21.2 million in 2024 [20] - Free cash flow improved to EUR 26.5 million from a negative EUR 36.1 million in the previous year [20] Segment Performance - ESL Shipping's comparable EBITA was EUR 16.5 million, slightly down from EUR 16.9 million, impacted by weak market conditions [20][13] - Telko's comparable EBITA increased to EUR 17.9 million from EUR 12.6 million, driven by higher sales margins [20][14] - Discontinued operations, including Leipurin, reported a comparable EBITA of EUR 2.0 million, up from EUR 1.1 million [20][16] Strategic Developments - Aspo announced a strategic evaluation, considering divestment of ESL Shipping or a partial demerger [4][18] - The divestment of Leipurin was agreed upon with an enterprise value of EUR 63 million, expected to be completed in Q1 2026 [10][15] - The International Science Based Targets initiative approved Aspo's emissions reduction targets, focusing on fleet investments and renewable fuels [17] Guidance for 2026 - The company expects comparable EBITA from continuing operations to increase compared to EUR 29.4 million in 2025 [6] - Economic growth is anticipated to slowly revive, although challenges remain in the early part of the year due to geopolitical uncertainties [7] - ESL Shipping is expected to see slight demand improvement, while Telko aims for growth through acquisitions [8]

Core Insights - Julius Baer reported a 25% decline in net profit for 2025 to SFr764m ($981.3m), primarily due to one-off items and credit losses, despite a stronger underlying performance [1] - The bank's underlying profit before tax increased by 17% to SFr1.27bn, indicating a solid operational performance [1] Financial Performance - Net credit losses amounted to SFr213m, influenced by significant writedowns from the previous year related to the Signa property group [1] - The sale of its Brazilian business had a net impact of SFr99m, and higher income taxes also affected the overall results [1] - Assets under management rose by 5% to SFr521bn, supported by SFr14.4bn in net new money, with inflows primarily from Asian markets and Western Europe [2] Strategic Initiatives - The bank is pursuing cost cuts and a strategic revamp, with a new cost-saving target of SFr130m to be achieved by 2028 [3] - Chief Executive Stefan Bollinger described 2025 as a "successful transition year," focusing on profitable growth and strategic transformation [4] Governance Changes - Richard Campbell-Breeden will not seek re-election as vice chairman, with Juerg Hunziker set to assume the role, pending shareholder approval [5] - Urban Angehrn is expected to join the board as an independent non-executive director from the 2026 AGM, also subject to shareholder approval [5]

Financial Data and Key Metrics Changes - The company reported adjusted net income of $30 million or $0.06 per diluted share in Q4 2025, compared to a net loss of $0.07 per diluted share in the previous quarter [4] - Pre-Provision Net Revenue increased by $45 million, with positive Operating Leverage of approximately 900 basis points [5] - The CET1 capital ratio increased by almost 400 basis points to 12.83%, ranking among the highest capitalized regional banks [7][12] Business Line Data and Key Metrics Changes - Net C&I loan growth was up 2% on a linked quarter basis, or about 9% on an analyzed basis [5] - The company reduced overall CRE exposure by $2.3 billion, resulting in a CRE concentration ratio now falling below 400 [5] - C&I lending commitments increased by 28% to $3 billion, while originations increased by 22% to $2.1 billion [8] Market Data and Key Metrics Changes - Total CRE balances declined by $12.1 billion or 25% since year-end 2023, aiding the strategy to diversify the loan portfolio [18] - The multifamily portfolio declined 13% or $4.3 billion year-over-year, with a reserve coverage of 1.83% [18] - Approximately 53% of the $9.2 billion New York City multifamily loans are pass-rated, while 47% are criticized or classified [20] Company Strategy and Development Direction - The company aims to transform into one of the best-performing regional banks with a diversified balance sheet and revenue streams [4] - Focus on further improving the credit profile by managing CRE exposure and diversifying the loan portfolio through growth in non-CRE loans [6] - Plans to generate deposit growth across various business lines while maintaining discipline on pricing [6] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continued profitability in 2026, driven by growth in net interest income and margin expansion [6] - The company is optimistic about the trajectory of adjusted EPS, forecasting it to be in the $0.65-$0.70 range for 2026 [13] - Management highlighted the importance of proactive management of credit quality and the potential for further capital deployment [46] Other Important Information - The company reduced brokered deposits by almost $8 billion during the year [7] - The company expects to close the sale of properties related to a bankruptcy case before the end of Q1 2026 [72] - The company has a strong liquidity position, with cash and securities increasing to 25% of total assets [7] Q&A Session Summary Question: Drivers behind the lowered NII guidance - Management indicated that higher payoff activity, particularly in multifamily and CRE loans, was the primary driver for the lowered NII guidance [29][30] Question: Confidence in funding for loan growth - Management expressed confidence in core deposit growth, leveraging C&I relationships and private client banking to drive deposits [40][43] Question: Excess capital deployment prospects - Management noted that the board will consider how to deploy excess capital, including potential stock buybacks, depending on balance sheet growth and credit quality improvements [46] Question: Updates on the New York multifamily portfolio - Management is actively monitoring the portfolio and has not seen a decline in liquidity, despite potential rent freezes [64][67] Question: Update on the borrower in bankruptcy - Management confirmed that the auction process for the bankruptcy case was completed and expected to close soon, with no additional charge-offs anticipated [72][75]

Core Viewpoint - Southwest Airlines has shown strong performance in the stock market, driven by strategic transformations and robust demand for air travel, despite a slight decline in 2026 year-to-date performance compared to the broader market [2][4]. Company Overview - Southwest Airlines Co. is a major passenger airline with a market capitalization of approximately $21.5 billion, operating a uniform fleet of Boeing 737 aircraft and offering various ancillary services [1]. Stock Performance - Over the past year, Southwest Airlines' shares have increased by 28.3%, outperforming the S&P 500 Index, which rose by about 15% [2]. - In 2026, the stock has experienced a decline of 1.1%, while the S&P 500 Index has increased by 1.9% year-to-date [2]. Competitive Analysis - The airline has also outperformed the U.S. Global Jets ETF (JETS), which gained about 6.4% over the past year but declined by 1.4% this year [3]. Strategic Initiatives - The stock's rise is attributed to investor optimism surrounding Southwest's strategic transformation aimed at enhancing profitability through new revenue initiatives, including checked bag fees, basic-economy fares, and premium seating options [4]. Financial Performance - In Q4 2025, Southwest reported record operating revenues of $7.4 billion, marking a 7.4% year-over-year increase. For the full year 2025, operating revenues reached $28.1 billion, a 2.1% increase compared to 2024 [5]. - Analysts project that for the fiscal year 2026, Southwest's earnings per share (EPS) will rise by 259.6% to $3.38 on a diluted basis [5]. Analyst Ratings - Among 24 analysts covering Southwest Airlines, the consensus rating is "Hold," consisting of seven "Strong Buy" ratings, one "Moderate Buy," 12 "Holds," one "Moderate Sell," and three "Strong Sells" [6]. - The current analyst configuration is more bullish compared to a month ago, with an increase in "Strong Buy" ratings and a decrease in "Strong Sell" ratings [7].

Core Viewpoint - Hecla Mining Company has agreed to sell its subsidiary that owns the Casa Berardi operation in Quebec to Orezone Gold Corporation for up to $593 million, marking a strategic shift to focus on silver assets and strengthen its financial position [1] Group 1: Transaction Details - The total consideration for the sale is up to $593 million [1] - The transaction is part of Hecla's strategic transformation [1] - The expected closing of the transaction is anticipated soon [1] Group 2: Strategic Implications - The sale allows Hecla to concentrate on its premier silver assets [1] - Strengthening the Company's financial position is a key objective of this transaction [1]

Core Insights - RF Industries reported a strong fourth quarter and fiscal year-end 2025, with net sales growing 23% year over year to $22.7 million and a full-year revenue increase of 24% to $80.6 million [1][5][22][23]. Financial Performance - The gross profit margin for Q4 was 37%, exceeding the target of 30%, and for the full year, it increased to 33% from 29% in the prior year [1][5][22][23]. - Adjusted EBITDA for Q4 was 11.5% of net sales, surpassing the goal of 10%, and full-year adjusted EBITDA reached $6.1 million, a significant increase from $838,000 in fiscal 2024 [5][22][23]. - The company achieved a consolidated net income of $75,000 for the full year, compared to a net loss of $6.6 million in fiscal 2024 [23][24]. Strategic Initiatives - The company is transitioning from a product seller to a technology solutions provider, focusing on diversifying end markets and launching new products to drive growth [6][7][12]. - Key initiatives include deepening relationships with existing customers, leveraging successes in established markets to penetrate new segments, and expanding the value proposition offered to distribution partners [9][11][12]. Market Trends - Demand in targeted end markets such as aerospace, stadiums, and transportation remains strong, with the company supporting over 130 projects in these categories [16][17]. - The aerospace and defense market continues to perform well, driven by collaboration with customers to meet stringent performance and compliance requirements [17][18]. Operational Improvements - The company has made progress in operational excellence, focusing on inventory management, cost reduction initiatives, and process improvements to enhance forecast accuracy and scalability [19][20]. - A disciplined stage-gate process and cross-functional prioritization are being implemented to allocate resources effectively to high-value opportunities [20]. Future Outlook - RF Industries anticipates continued sales growth in fiscal 2026, with expectations of a similar growth trajectory to fiscal 2025 despite potential seasonality in Q1 [14][30]. - The company is optimistic about its ability to drive improved profitability as it continues to grow, supported by a strong and diversified pipeline of opportunities [14][27].