Core Insights - Westlake Epoxy is expanding its distribution relationship with Brenntag to South and West India, enhancing its presence in a rapidly growing market for coatings, adhesives, and construction [1] - The collaboration aims to provide local supply, technical service, and application-focused formulation support tailored to regional requirements, leveraging Westlake's established epoxy solutions [1] - The growth in India's coatings, adhesives, and construction sectors is driven by infrastructure investment, urbanization, and increasing performance expectations [1] Company Overview - Westlake Epoxy is a global leader in epoxy resins, curing agents, and specialty systems, serving various industries including coatings, construction, and automotive [1] - Westlake Corporation, headquartered in Houston, operates globally and provides materials and innovative products across multiple sectors [1] - Brenntag is a global market leader in chemicals and ingredients distribution, with a strong presence in over 70 countries and a commitment to sustainability [1]

Core Insights - The company achieved a revenue growth of 3.5% in 2025, with adjusted EBITDA growth of nearly 7% and an adjusted EBITDA margin expansion of 90 basis points [1][10]. - Adjusted earnings per share reached $7.02, and adjusted free cash flow was $2.43 billion, with a conversion rate increase of 200 basis points to 45.8% [1][10]. - The company expects 2026 revenue to be in the range of $17.05 billion to $17.15 billion, with adjusted EBITDA projected between $5.475 billion and $5.525 billion [10][11]. Financial Performance - Fourth quarter organic revenue growth was driven by solid pricing, with an average yield on total revenue of 3.7% and related revenue yield of 4.5% [4][12]. - Organic volume declined by 1% in the fourth quarter, primarily due to decreases in construction and manufacturing markets [4][13]. - The adjusted EBITDA margin for the full year was 32%, reflecting a 90 basis point increase compared to the previous year [16][17]. Customer Engagement and Retention - The customer retention rate remained strong at 94%, with an improving net promoter score throughout 2025 [4][10]. - The company delivered over 70 million proactive service notifications in 2025, addressing common customer inquiries [7]. Digital and Technological Advancements - Investments in AI and digital tools are expected to enhance pricing optimization and customer retention, with advanced analytics being deployed to improve service delivery [5][6][51]. - The company is upgrading its RISE digital platform to strengthen its competitive position [5]. Sustainability Initiatives - The company made significant progress in its sustainability efforts, including the development of polymer centers and renewable natural gas (RNG) projects, with nine RNG projects commencing operations in 2025 [7][9]. - Commercial production began at the Indianapolis Polymer Center, contributing to the company's sustainability goals [8][9]. Capital Allocation and M&A Strategy - In 2025, the company invested $1.1 billion in acquisitions and returned $1.6 billion to shareholders, including $854 million in share repurchases [10]. - The acquisition pipeline remains strong, with expectations to invest approximately $1 billion in value-creating acquisitions in 2026 [10][11]. Market Outlook - The company anticipates a challenging macroeconomic environment but expects to deliver another year of profitable growth in 2026, with projected adjusted earnings per share growth of 3.1% [10][11]. - The guidance for 2026 indicates nearly 4% top-line growth and over 5% growth in adjusted EBITDA, despite headwinds from prior year comparisons [11].

Financial Data and Key Metrics Changes - In 2025, the company achieved revenue growth of 3.5% and adjusted EBITDA growth of nearly 7% [8] - Adjusted earnings per share reached $7.02, with adjusted free cash flow of $2.43 billion, reflecting a 200 basis points increase in adjusted free cash flow conversion to 45.8% [8][24] - The adjusted EBITDA margin expanded by 90 basis points to 32% for the full year [23] Business Line Data and Key Metrics Changes - Organic revenue in the Environmental Solutions business decreased total revenue by 2% in the fourth quarter, primarily due to a non-recurring emergency response project in 2024 [9][23] - Core price on total revenue was 5.8% in the fourth quarter, with core price on related revenue at 7.1% [19] - Volume declines were concentrated in construction and manufacturing end markets, leading to a 1% reduction in total revenue [9][20] Market Data and Key Metrics Changes - Commodity prices for recycling were $112 per ton in the fourth quarter, down from $153 per ton in the prior year [21] - The company expects average yield on related revenue in 2026 to be in the range of 4%-4.5% [19] - The overall macroeconomic environment is characterized as stable, with specific weaknesses in manufacturing and construction impacting volume [49][50] Company Strategy and Development Direction - The company is focused on digital investments and sustainability initiatives, including the deployment of AI-enabled tools to enhance pricing and operational efficiency [10][12] - The acquisition pipeline remains strong, with plans to invest approximately $1 billion in value-creating acquisitions in 2026 [17] - The company aims to maintain a disciplined approach to pricing, prioritizing price over volume to ensure returns on work [58] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding early signs of economic recovery, particularly in the western U.S., but noted ongoing challenges in the construction sector [110] - The company anticipates another year of profitable growth in 2026, with revenue guidance in the range of $17.05 billion to $17.15 billion [16] - Management highlighted the importance of maintaining customer loyalty and delivering exceptional value as key components of their strategy [6][7] Other Important Information - The company reported a strong employee engagement score of 87 and a record low turnover rate in 2025 [15] - Total debt at the end of the year was $13.7 billion, with total liquidity of $2 billion [24] - The company expects net interest expense in 2026 to be in the range of $575 million to $585 million [24] Q&A Session Summary Question: Can you discuss the $400 million in acquisitions year to date? - Management confirmed the acquisition of a company called Hamm, which provides strong disposal infrastructure, and noted that the remaining $600 million in potential acquisitions is still under consideration [30][31] Question: What are the expectations for margins in 2026? - Management indicated that underlying business expansion is expected to contribute 60-70 basis points to margin growth, with some headwinds from commodity prices and acquisitions [35] Question: Can you provide an update on the Polymer Center performance? - Management expects about a $30 million revenue uplift from the Polymer Centers in 2026, with approximately $10 million of incremental EBITDA [42] Question: What is the outlook for organic growth in Environmental Solutions? - Management anticipates relatively flat growth for the Environmental Solutions business in 2026, with some challenges in the first half due to tough comparisons [54] Question: How is the company addressing the emergency response growth gap? - Management acknowledged challenges in winning event-based work and emphasized the need to adjust pricing strategies to align with market conditions [103] Question: What are the inflation expectations for 2026? - Management expects an inflationary environment of approximately 3.5% for 2026 [111]

Republic Services (NYSE:RSG) Q4 2025 Earnings call February 17, 2026 05:00 PM ET Company ParticipantsAaron Evans - VP of Investor RelationsBrian DelGhiaccio - CFOJon Vander Ark - CEOShlomo Rosenbaum - Managing DirectorYehuda Silverman - Equity Research AssociateConference Call ParticipantsAdam Bubis - Analyst and Engineering Construction AnalystBryan Nicholas Burgmeier - Equity Research AnalystDavid John Manthey - Senior Research AnalystJerry Revich - Managing Director and Senior Equity Research AnalystJohn ...

TULSA, Okla.--(BUSINESS WIRE)--Helmerich & Payne, Inc. (NYSE: HP) (H&P or the Company) today announced the publication of its fiscal 2025 Sustainability Report, which provides an overview of the Company's sustainability program, performance, and progress for the fiscal year ended September 30, 2025. "As I reflect on H&P's sustainability journey, I am proud of the progress we have made in advancing sustainability across our business, which is included in our fiscal 2025 Sustainabilit. ...

Republic Services (NYSE:RSG) Q4 2025 Earnings call February 17, 2026 05:00 PM ET Speaker7Good afternoon, and welcome to the Republic Services fourth quarter and full year 2025 investor conference call. Republic Services is traded on the New York Stock Exchange under the symbol RSG. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. ...

So, one of the most legendary success stories in the world of the environment and food production system is a fish farm down in Spain called Beatma. I first heard about the story in a TED talk and it was just amazing. It goes beyond any form of agriculture systems, even the so-called sustainable integrated ones.And it just perfectly demonstrate this concept of sustainability and harmony between humankind and nature. So at first it all seems to me that this everything this perfect sustainability actually com ...

Core Insights - Recordati S.p.A. demonstrated solid financial performance in 2025, achieving consolidated net revenue of €2,618.4 million, reflecting an increase of 11.8% compared to 2024, and 8.3% on a like-for-like basis at constant exchange rates [4][5] - The company expects continued growth in 2026, with financial targets set for net revenue between €2,730 million and €2,800 million, despite anticipated foreign exchange headwinds [19] Financial Performance - Consolidated net revenue for 2025 was €2,618.4 million, up 11.8% year-over-year, with a notable contribution from both Specialty & Primary Care and Rare Diseases [4][5] - EBITDA reached €991.1 million, representing a 14.5% increase, with a margin of 37.8% [10] - Adjusted net income was €651.1 million, up 14.5%, with a margin of 24.9% [10] - Free cash flow for 2025 was €558.8 million, an increase of €23.7 million from the previous year [10] Business Segments - Specialty & Primary Care revenue was €1,477.9 million, up 2.0%, while Rare Diseases revenue surged to €1,081.4 million, a 29.7% increase [5] - The Endocrinology franchise within Rare Diseases achieved net revenue of €394.1 million, a 22.5% increase, driven by the uptake of Isturisa [5] - The Hema-Oncology franchise saw a significant revenue increase of 63.8%, contributing €414.9 million, supported by the performance of Enjaymo [5] Strategic Developments - Recordati strengthened its portfolio through strategic partnerships in Rare Diseases and Specialty and Primary Care, with a focus on expanding the market for Isturisa [2] - The company received a B- rating with 'Prime' status from ISS ESG, highlighting its sustainability performance [4] Pipeline and Regulatory Updates - The FDA approved the supplemental new drug application for Isturisa, expanding its indication for treating Cushing's syndrome [7] - A Phase IV study for Isturisa is expected to commence in 2026, assessing its efficacy in patients with mild hypercortisolemia [7] - The company initiated a clinical trial for Qarziba in combination with chemotherapy for Ewing sarcoma [8] Corporate Development - Recordati entered a licensing agreement with Amarin for the commercialization of Vazkepa across 59 countries, with expected revenues of over €40 million in 2027 [14] - An exclusive license agreement was established with Impact Biomedicines for Inrebic in Japan, which received regulatory approval in June 2025 [15][16] - A collaboration with Moderna was announced to develop mRNA-3927 for propionic acidemia, with potential data readout expected by the end of 2026 [17][18]

Acquisition of Own Shares - Sanoma Corporation executed a share buyback on 17 February 2026, acquiring 14,482 shares at an average price of EUR 8.9814 per share, with a total cost of EUR 130,068.63 [1] - The highest and lowest prices per share during the transaction were EUR 9.0700 and EUR 8.9200, respectively [1] Shareholding Information - Following the acquisition, Sanoma holds a total of 848,300 of its own shares [2] Company Overview - Sanoma is a learning and media company operating across Europe, focusing on providing high-quality educational content and solutions for K12 education [2][4] - The company employs nearly 5,000 professionals and reported net sales of approximately EUR 1.3 billion in 2025, with an adjusted operating profit margin of 14.4% [5] Strategic Focus - Sanoma aims for organic growth in K12 education and plans to accelerate this growth through value-creating mergers and acquisitions [4] - The company is committed to sustainability, aligning its strategy with the UN Sustainable Development Goals and emphasizing the responsible use of AI [4]

Core Insights - BASF SE (BASFY) is increasing production in Ludwigshafen, Germany, to ensure a stable supply of 1.4-butanediol (BDO) for European customers amid anti-dumping proceedings [1][8] - The company's higher BDO output supports the availability of key derivatives such as tetrahydrofuran (THF), polytetrahydrofuran (PolyTHF), and N-methylpyrrolidone (NMP), enhancing supply to critical sectors [2][8] - BASFY is committed to the European BDO market and is expanding its portfolio of biomass-balanced products to reduce carbon footprints and conserve fossil resources [3][8] Production and Supply Chain - Increased production at Ludwigshafen will minimize transportation needs and enhance the efficiency of the Verbund system [4] - The integration of the acetylene value chain allows for better production planning and strengthens supply to sectors including polymers, solvents, elastomers, and high-performance materials [2] Market Performance - BASFY stock has gained 15.2% over the past year, outperforming the industry's 14.6% decline [6] - The company currently holds a Zacks Rank 4 (Sell), while other stocks in the Basic Materials space have better rankings [7][9]