Core Insights - UPS is facing challenges from macroeconomic factors and increased competition from Amazon, leading to a strategic shift in its operations [1] - The company is focusing on automation to reduce delivery costs and aims for sustainable growth despite current revenue declines [1][7] Group 1: Network and Cost Management - UPS is downsizing its U.S. network to reduce Amazon package volume, which is currently impacting revenue but allows for cost reductions [2] - Closing older facilities eliminates high maintenance costs, contributing to direct savings [3] - The company is routing package volume to automated facilities, enhancing efficiency and reducing costs [3] Group 2: Automation Implementation - UPS has automated 127 facilities, utilizing various robotic systems for sorting and moving packages [4] - In 2023, 57% of packages were processed through automated facilities, with expectations to increase to 68% by the end of 2026 [4] - The cost per package in automated facilities is 28% lower than in traditional facilities, supporting the company's cost-cutting strategy [5] Group 3: Workforce Reduction - The shift towards automation has led to significant workforce reductions, with 48,000 positions eliminated in 2025 and plans for an additional 30,000 positions this year [5] - The workforce cuts are primarily through attrition and a voluntary separation program for full-time drivers [5] Group 4: Long-term Outlook - Although UPS's revenue is declining due to the reduction of low-margin Amazon packages, the long-term outlook is positive as automation and cost management strategies are expected to drive growth and profit margin expansion [7]

Financial Data and Key Metrics Changes - Ameriprise reported adjusted operating revenue growth of 10% to $4.9 billion in Q4 2025, driven by strong organic client flows and market performance [14][25] - Earnings per share increased by 16% to $10.83, with a return on equity reaching a record high of 53.2% [14][15] - Assets under management, administration, and advisement grew to $1.7 trillion, up 11% year-over-year [15][25] Business Line Data and Key Metrics Changes - Advice & Wealth Management (AWM) adjusted operating net revenues increased by 12% to $3.2 billion, benefiting from higher client assets and activity levels [29] - The RAP business saw assets increase by 17% to $670 billion, with net inflows of $12.1 billion in the quarter [27][16] - Asset management operating earnings rose by 17% to $293 million, with total assets under management and advisement reaching $721 billion, up both year-over-year and sequentially [32] Market Data and Key Metrics Changes - Total client assets reached a new record of $1.2 trillion at year-end, up 13% from focused actions to drive flows and positive market conditions [15][27] - Total client inflows were $13.3 billion, up 18%, marking one of the best quarters for flows [16][27] - Transactional activity increased by 5% year-over-year, primarily from growth in annuity products and brokerage [28] Company Strategy and Development Direction - The company is focused on investing in technology, digital capabilities, AI, and cloud infrastructure to enhance client and advisor experiences [15][24] - Ameriprise aims to leverage its diversified revenue streams and effective expense management to sustain strong financial performance even in challenging environments [8][15] - The firm is committed to maintaining a competitive edge through continuous innovation and enhancing its value proposition for advisors [9][18] Management's Comments on Operating Environment and Future Outlook - Management noted a fluid operating environment with elevated inflation and interest rate changes impacting the market, but expressed confidence in the company's resilience and relevance [7][14] - The outlook for 2026 remains positive, with expectations for continued organic growth and strong recruiting momentum [60][61] - Management emphasized the importance of maintaining a strong advisor value proposition and client satisfaction to drive future growth [18][19] Other Important Information - Ameriprise returned over 100% of operating earnings to shareholders in Q4 2025, with a total capital return for the year reaching nearly 90% [25][36] - The company was recognized as one of America's Most Iconic Companies by TIME and included in several prestigious rankings for management and responsibility [23][24] Q&A Session Summary Question: Can you help reconcile the acceleration in net new flows with the lower distribution expense ratio? - Management noted strong flows in Q4 were driven by organic growth and improved advisor productivity, with distribution expenses aligned with revenue growth [38][40] Question: What should we expect for 2026 growth in firm-wide OpEx and G&A growth within AWM? - Management indicated continued investment in technology and services while also transforming the expense base to maintain efficiency [44][48] Question: Can you provide more color on the strong results in Q4 2025 and expectations for early 2026? - Management highlighted strong organic growth and advisor retention, with a positive outlook for recruiting and flows [51][53] Question: How should we think about the buyback going forward? - Management expressed confidence in returning capital to shareholders, maintaining a range of 85%-90% for capital return based on current capabilities [54][55] Question: What does the consolidation opportunity look like for asset management? - Management acknowledged ongoing consolidation in the industry but emphasized their strong technology capabilities and product offerings to attract assets [98][100]

Core Insights - Ciscom Corp. has appointed Dave Mathews as Chief Commercial Officer and Sheri Rogers as President of Prospect Media Group, marking a significant leadership transition aimed at enhancing the company's focus on advanced analytics and AI technologies [1][5][6] Leadership Appointments - Sheri Rogers has been appointed as President of Prospect Media, where she will lead the agency's strategy and operations, focusing on AI-driven analytics and performance media [2][4] - Dave Mathews has been named Chief Commercial Officer of Ciscom, responsible for driving commercial strategy and revenue growth across the company's portfolio [5][6] Strategic Focus - Under Sheri Rogers' leadership, Prospect Media aims to enhance its capabilities in AI-supported audience modeling, predictive measurement, and automated optimization, which are expected to improve return on advertising spend (ROAS) and reduce operational friction for clients [3][4] - The leadership changes are intended to position Prospect Media at the forefront of data, media, and technology, leveraging a 28-year analytics foundation to deliver high-impact solutions [4][6] Company Background - Prospect Media Group is a data-driven integrated media agency serving various sectors, including retail, financial, and pharmaceuticals, optimizing both digital and traditional media channels [7] - Ciscom Corp. focuses on investing in and managing companies within the Information and Communication Technology (ICT) sector, particularly in AdTech and MarTech, targeting small and medium enterprises (SMEs) with proven profitability [8]

SEI Investments Company (NASDAQ: SEIC) Q4 2025 Earnings Presentation Q4 2025 SEI Earnings Presentation Safe Harbor Statement This presentation contains forward-looking statements within the meaning or the rules and regulations of the Securities and Exchange Commission. In some cases you can identify forward-looking statements by terminology, such as "may," "will," "expect," "believe," "remain" and "continue" or "appear." Our forward-looking statements include our current expectations as to: 2 • Our ability ...

JERSEY CITY, N.J., Jan. 28, 2026 (GLOBE NEWSWIRE) -- Following the announcement that Amazon will slash an additional 16,000 jobs globally to "streamline operations" and pivot toward AI-driven infrastructure, Jersey Hired, New Jersey’s leading hyper-local job board and talent platform, is calling for an immediate and serious national conversation regarding the role of Artificial Intelligence in the modern workforce. The latest round of cuts, which brings Amazon’s total layoffs to 30,000 in just four months, ...

Company Actions - Amazon is cutting approximately 16,000 jobs globally, marking one of the largest reductions in its history [1] - The layoffs are part of an effort to strengthen the organization by reducing layers, increasing ownership, and removing bureaucracy, according to Beth Galetti, Amazon's senior vice president [3] - Amazon emphasizes that these layoffs do not indicate further workforce reductions are planned, although teams will continue to reassess their organizational structure [3] Industry Trends - Amazon's layoffs reflect a broader trend across various industries, including financial services and technology, as companies recalibrate headcount while investing in automation and artificial intelligence [2][4] - Other companies, such as Citigroup and Nike, are also implementing job cuts due to similar technological advancements, with Citigroup planning additional layoffs and Nike cutting 775 distribution center jobs [4][5] - A significant increase in layoffs has been observed, with a 175% year-over-year rise in U.S. layoffs in October attributed to AI adoption and cost-cutting measures [6]

LOS ANGELES--(BUSINESS WIRE)--Technology Management Concepts (TMC) announced today that it has acquired The TM Group (TMG), strengthening TMC's Microsoft ERP, CRM, Power Platform and cloud capabilities while expanding its ability to support customers with modern data, automation, and AI solutions. Both firms share a long history of putting customers first and delivering deep ERP and CRM expertise across the Microsoft Applications. By coming together, TMC is expanding its bench and capabilities, incorporatin ...

GE Vernova (NYSE:GEV) Q4 2025 Earnings call January 28, 2026 07:30 AM ET Company ParticipantsKenneth Parks - CFOMichael Lapides - VP of Investor RelationsScott Strazik - CEOConference Call ParticipantsNone - AnalystNone - AnalystNone - AnalystNone - AnalystNone - AnalystNone - AnalystNone - AnalystNone - AnalystNone - AnalystOperatorGood day, ladies and gentlemen, and welcome to GE Vernova's fourth quarter and full year 2025 earnings conference call. At this time, all participants are in a listen-only mode. ...

Financial Data and Key Metrics Changes - The company booked $59 billion in orders, a 34% year-over-year increase, and grew revenue by 9% year-over-year to $38 billion, with adjusted EBITDA margin expanding by 210 basis points year-over-year [12][21] - Free cash flow reached $3.7 billion, more than double the prior year, while cash balance at year-end was nearly $9 billion, up approximately $1 billion compared to the third quarter [20][12] - The company is increasing its 2026 guidance for revenue to $44 billion-$45 billion, up from $41 billion-$42 billion, and free cash flow guidance to between $5 billion and $5.5 billion, up from $4.5 billion-$5 billion [33][12] Business Line Data and Key Metrics Changes - In the Electrification segment, revenue grew by 26% year-over-year, with equipment orders increasing by over 20% [21][30] - Power segment revenue increased by 10% year-over-year, with orders growing more than 50% [22][21] - Wind segment faced challenges with a 25% decrease in revenue in Q4 due to lower onshore equipment deliveries, resulting in EBITDA losses of $225 million [26][25] Market Data and Key Metrics Changes - The total backlog increased by over 25% or $31 billion to $150 billion, with significant growth in power and electrification [7][18] - Gas power equipment backlog increased from 62 GW to 83 GW sequentially, driven by strong U.S. demand and international agreements [7][18] - Electrification's total backlog grew to $35 billion, up $4 billion sequentially and $11 billion year-over-year, marking its largest growth quarter [8][30] Company Strategy and Development Direction - The company is focused on profitable growth, with a strong emphasis on capital allocation and the integration of the Prolec GE acquisition [5][6] - There is a clear pathway to substantial growth in electrification, with expectations of $13.5 billion-$14 billion in revenue for 2026 [10][34] - The company anticipates significant improvements in wind revenue in the second half of 2026, despite expected low double-digit declines in organic revenue [30][34] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the strong demand environment across multiple products, particularly in gas and electrification [16][38] - The company is addressing challenges in the offshore wind segment due to regulatory delays but remains focused on executing its backlog [26][29] - Management highlighted the importance of ongoing investments in automation and AI to drive future productivity and margin expansion [11][41] Other Important Information - The company returned $3.6 billion to shareholders in 2025 through dividends and share repurchases, and plans to double its dividend in 2026 [12][11] - The company expects to maintain a gross debt to adjusted EBITDA ratio below 1x after issuing approximately $2.6 billion of debt for the Prolec GE acquisition [20][12] Q&A Session Summary Question: Gas power equipment orders momentum - Management confirmed that pricing continues to strengthen, with expectations of reaching 100 GW by the end of 2026, shifting towards a higher proportion of orders [48][49] Question: Threat from smaller turbine makers - Management believes smaller applications enable more projects but does not view them as direct competition, maintaining confidence in their heavy-duty gas turbines [53][55] Question: Backlog margins for power - Management confirmed expectations for continued growth in backlog margins, projecting at least $8 billion in equipment margin and backlog in 2026 [58][59] Question: Electrification segment growth - Management emphasized the unique solutions provided by linking power generation and electrical equipment, contributing to significant growth in the electrification segment [65][66] Question: Nuclear project opportunities - Management noted ongoing discussions with governments to restart the nuclear industry, with a growing opportunity pipeline but longer timelines for closing deals [80][82]

Financial Data and Key Metrics Changes - In 2025, the company booked $59 billion in orders, a 34% year-over-year increase, and grew revenue by 9% to $38 billion, with adjusted EBITDA margin expanding by 210 basis points year-over-year [12][20] - Free cash flow reached $3.7 billion, more than double the previous year, while cash balance at year-end was nearly $9 billion, up approximately $1 billion compared to the third quarter [19][11] - The company increased its 2026 guidance for revenue to $44 billion-$45 billion, up from $41 billion-$42 billion, and free cash flow guidance to $5 billion-$5.5 billion, up from $4.5 billion-$5 billion [32][36] Business Line Data and Key Metrics Changes - Power segment orders grew over 50% in 2025, with revenue increasing by 10% and EBITDA margins expanding by 100 basis points to 14.7% [21][23] - Electrification segment saw a 26% revenue growth in 2025, with EBITDA margins expanding by 560 basis points to 14.9% [30][10] - Wind segment faced challenges with a 25% revenue decrease in Q4 due to lower onshore equipment deliveries, resulting in EBITDA losses of $225 million [25][24] Market Data and Key Metrics Changes - The total backlog increased by over 25% or $31 billion to $150 billion, with significant growth in power and electrification [6][12] - Gas power equipment backlog increased from 62 GW to 83 GW sequentially, driven by strong U.S. demand and international agreements [6][4] - Electrification's total backlog grew to $35 billion, up $4 billion sequentially and $11 billion year-over-year, marking its largest growth quarter [8][30] Company Strategy and Development Direction - The company is focused on profitable growth, with a strong emphasis on capital allocation and the integration of the Prolec GE acquisition [5][11] - There is a clear pathway to substantial growth in electrification, with expectations of $13.5 billion-$14 billion in revenue for 2026, representing 20% organic growth [10][33] - The company aims to leverage automation and AI investments to enhance productivity and operational efficiency [11][40] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the strong demand and pricing in gas power, with expectations for continued growth in 2026 [15][34] - The company acknowledged challenges in the offshore wind segment due to regulatory delays but remains focused on executing its backlog [25][26] - Management highlighted the importance of ongoing discussions with the U.S. administration regarding energy policies that could enhance market conditions for gas power [86][87] Other Important Information - The company returned $3.6 billion to shareholders in 2025 through share repurchases and dividends, and plans to double its dividend in 2026 [11][12] - The Prolec GE acquisition is expected to enhance the company's capabilities in electrification and contribute significantly to revenue growth [5][68] - The company anticipates a significant increase in gas turbine output starting in Q3 2026, which is expected to drive future profitability [40][41] Q&A Session Summary Question: Gas power equipment orders momentum - Management confirmed that pricing continues to strengthen, with expectations of reaching 100 GW in orders by the end of 2026, shifting towards a higher proportion of orders [49][50] Question: Threat from smaller turbine makers - Management believes smaller applications enable more projects but does not view them as direct competition, maintaining confidence in their heavy-duty gas turbines [53][55] Question: Backlog margins for power - Management confirmed that backlog margins are expected to continue improving in 2026, with a target of adding at least $8 billion in equipment margin [58][59] Question: Electrification segment growth - Management emphasized the unique solutions provided by linking power generation and electrical equipment, contributing to significant growth in electrification orders [65][66] Question: Nuclear project opportunities - Management noted ongoing discussions with governments to restart the nuclear industry, with a growing opportunity pipeline but longer timelines for project announcements [79][80]