Core Viewpoint - U.S. military shipbuilder Huntington Ingalls reported that it anticipates negative free cash flow for the current quarter, despite exceeding quarterly profit estimates, which negatively impacted its share price [1] Group 1: Financial Performance - Huntington Ingalls beat quarterly profit estimates, indicating strong operational performance [1] - The expectation of negative free cash flow suggests potential liquidity challenges in the near term [1] Group 2: Market Reaction - The announcement of expected negative free cash flow led to a decline in the company's share price, reflecting investor concerns [1]

ConocoPhillips 4Q25 Earnings Conference Call Feb. 5, 2026 Cautionary Statement This presentation contains fouvarol-boshing statements as odefined under the fected securities aws: Forward-looking statements redate to findusling, without limitation, st strateen, budoets, projected revenues, costs and plans, colore coreations and other aspects of our operations and other aspects of our operations or operations or operatio continus, " could," "effort" "esfinate; " expect," "qoulance;" inney," "objective," outco ...

Financial Data and Key Metrics Changes - Earnings per share for the quarter were $1.31, down from $3.02 in the prior year quarter, which included a $2.32 per share gain from the sale of Eviosys. Adjusted earnings per share were $1.74, up 9% from $1.59 in the prior year quarter [3][4] - Net sales increased by 8% compared to the prior year quarter, driven by a 3% increase in global beverage can volumes, $189 million from higher raw material cost pass-through, and $58 million from favorable foreign exchange [4] - Record adjusted EBITDA for the year was almost $2.1 billion, compared to $1.9 billion in 2024, with record free cash flow of $1,146 million in 2025, up from $814 million in 2024 [4][5] Business Line Data and Key Metrics Changes - Segment income for the quarter was $420 million, slightly down from $428 million in the prior year, with strong performance in European Beverage offset by lower volumes in Transit Packaging [4] - North American beverage volumes were up slightly more than 1% in the quarter, with North American gains of 2.5% offset by a 3% decline in Brazil. For the full year, North American volumes were flat, while Brazil was down 3% [8][9] - European beverage volumes increased by 10% in the fourth quarter, generating record segment income, more than double what it was a few years ago [9] Market Data and Key Metrics Changes - Sales unit volumes across Asian operations were down 3% in the fourth quarter due to the border conflict between Cambodia and Thailand, with subdued consumer purchasing power in the region [10] - The North American tin plate business benefited from 5% food can volume growth, offsetting softness in steel aerosols during the fourth quarter [11] Company Strategy and Development Direction - The company aims to maintain a net leverage target of 2.5 times, achieved at the end of September 2025, down from 2.7 times at the end of 2024. The focus remains on compounding earnings, investing in the business, and returning excess cash to shareholders [5][6] - The company is committed to responsibly investing to support partners' growth while ensuring that returns on capital employed are appropriate [11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving North American volume gains of 2%-3% in 2026, despite inflation and startup costs impacting EBIT [20] - The company remains bullish on European growth, projecting a potential volume growth of 4%-5% for 2026, with strong demand across various products [22][26] - Management noted that the Asian market has growth potential, with a low-cost structure allowing for commercial adjustments to drive volume growth [63] Other Important Information - The company plans to return $625 million to shareholders in 2025, consisting of $505 million in share repurchases and $120 million in dividends, compared to $336 million in 2024 [5] - The company expects full-year free cash flow for 2026 to be approximately $900 million after $550 million of capital spending [7] Q&A Session Summary Question: Outlook for North America's EBIT and European volume growth - Management expects North America's EBIT to be down slightly due to inflation and startup costs, with European volume growth potentially at 4%-5% [20][22] Question: Drivers of volume growth in North America and Europe - Management highlighted strong beer growth in Europe and various product categories in North America, including energy drinks and flavored alcohols, as key drivers [25][26] Question: Free cash flow growth expectations - Management indicated that a free cash flow of around $1 billion seems reasonable and sustainable, with potential for growth aligned with volume increases [28] Question: Demand outlook in January and February - Management noted that January was impacted by weather but February has shown recovery, aligning with expectations [70][71] Question: Impact of startup costs in Brazil, Greece, and Spain - Most startup costs are expected to be second-half weighted, with some hiring and training costs occurring in Q2 [108] Question: State of the Asian market and competitive landscape - Management expressed confidence in the Asian market's growth potential, emphasizing a low-cost structure and the ability to make commercial adjustments [63] Question: Capacity utilization in North America - Management stated that capacity in North America is tight, with no immediate need for new capacity, but some open capacity exists [46][82]

Financial Data and Key Metrics Changes - In 2025, the company achieved $8.56 billion in revenue, $2.67 billion in adjusted EBITDA, and $1.26 billion in free cash flow, exceeding revised guidance [5][17] - Total subscription revenue was $6.49 billion, down 2% year-over-year, while advertising revenue was $1.77 billion, roughly flat year-over-year [17][18] - Net income was $805 million, a significant increase from a loss of $2.1 billion in the prior year, with earnings per diluted share rising to $2.23 from -$6.14 [18] Business Line Data and Key Metrics Changes - The SiriusXM segment generated $1.61 billion in revenue for Q4 and $6.42 billion for the full year, with subscriber revenue at $5.96 billion [20] - The Pandora and Off Platform segment reported Q4 revenue of $582 million and full year revenue of $2.14 billion, with advertising revenue growing 1% year-over-year [24] - Fourth quarter self-pay net adds were 110,000, reflecting contributions from new initiatives, while full-year churn improved to 1.5% from 1.6% [21][23] Market Data and Key Metrics Changes - The company reported a strong performance in podcasting, with podcast ad revenue growing 41% for the full year [12][24] - The advertising technology capabilities expanded, with video and social revenue up 4x year-over-year, indicating a shift in audience engagement [12] - The company anticipates mostly flat revenue in 2026, with slightly lower subscribers but stable adjusted EBITDA [13][27] Company Strategy and Development Direction - The company is focused on strengthening its core SiriusXM in-car audience and expanding its advertising network [4] - New initiatives include the Continuous Service feature and Companion subscriptions, aimed at enhancing customer experience and retention [9][10] - The company plans to leverage its assets, including talent agreements and ad sales expertise, to drive future growth [14][28] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about maintaining strong free cash flow generation and improving subscriber profitability [15][45] - The outlook for 2026 includes expectations for revenue of approximately $8.5 billion and adjusted EBITDA of around $2.6 billion, with a focus on cost savings and operational efficiencies [27][28] - Management highlighted the importance of data and analytics in improving customer engagement and retention strategies [63] Other Important Information - The company returned $501 million to shareholders in 2025, including $365 million in dividends and $136 million in share repurchases [26] - The net debt to adjusted EBITDA ratio improved to approximately 3.6x, with a target of reaching low- to mid-3x by late 2026 [27] Q&A Session Summary Question: Competitive positioning and pricing flexibility - Management noted strong competitive positioning against music streaming services and AM/FM radio, with new pricing packages introduced [33][34] Question: Churn performance and expectations - A one-time benefit from the Continuous Service initiative contributed to lower churn in Q4, with expectations for churn to remain in the 1.5%-1.6% range [36][38] Question: Self-pay net adds outlook for 2026 - Self-pay net adds are expected to be modestly lower in 2026 due to the timing of Companion subscriptions, but management remains focused on improving trends [42][44] Question: ARPU expectations for 2026 - ARPU showed improvement in Q4, and management expects strong performance to continue into 2026 [48][49] Question: Podcasting advertising growth and profitability - Management highlighted strong growth in podcasting and improving ad trends, with a focus on monetization and profitability [54][56] Question: Cost savings and capital allocation - Management discussed ongoing cost reduction efforts and the importance of reallocating resources to high ROI investments [74][78]

Delivered Year-over-Year Improvement in Profitability While Investing in Ambitious Innovation Agenda Raises Full Year FY2026 Adjusted EBITDA Guidance to $450 - $500 million* NEW YORK, Feb. 05, 2026 (GLOBE NEWSWIRE) -- Peloton Interactive, Inc. today reported financial results for the quarter ended December 31, 2025. Q2 FY2026 Financial Highlights Ending Paid Connected Fitness Subscriptions were 2.661 million, a decrease of 214,000 or 7% year-over-year and 6,000 above the midpoint of our guidance range. We o ...

Q1'26 FINANCIAL RESULTS Neil Barua CEO Jennifer DiRico CFO February 4, 2026 FORWARD LOOKING STATEMENTS This presentation includes forward looking statements regarding PTC's future financial performance, strategic outlook and expectations, anticipated future operations, expected effects of strategic investments and initiatives, and share repurchase expectations. Because such statements deal with future events, actual results may differ materially from those projected in the forward-looking statements. Inform ...

Core Insights - Boston Scientific achieved over $20 billion in sales for 2025, marking a mid-teens growth for the second consecutive year, driven by innovation and execution across business units [6][30] - The company reported a Q4 operational sales growth of 14% and organic sales growth of 13%, exceeding guidance [6][29] - Full year 2025 adjusted EPS grew 22% to $3.06, surpassing guidance, with operational sales growth of 19% and organic sales growth of 16% [7][30] Financial Performance - Q4 consolidated revenue reached $5.286 billion, representing a 15.9% reported growth, with operational revenue growth of 14.3% [29] - Full year 2025 consolidated revenue was $20.74 billion, a 19.9% increase, with operational revenue growth of 19.2% [30] - Adjusted gross margin for Q4 was 70.7%, with a full year adjusted gross margin of 70.6%, reflecting a 30 basis point expansion [31] Business Unit Highlights - The U.S. market saw a 17% growth in Q4 and 26% for the full year, particularly strong in EP, WATCHMAN, and ICTx [8] - The Cardiovascular segment delivered 16% operational growth in Q4 and 22% operational growth for the full year [14] - WATCHMAN business grew 29% in Q4, with strong adoption of concomitant procedures [22] Regional Performance - Europe, Middle East, and Africa (EMEA) grew 5% in Q4 and 3% for the full year, with high single-digit growth expected excluding the impact of product discontinuation [9] - Asia Pacific region grew 15% operationally in Q4 and 14% for the full year, driven by strong performance in Japan and China [10][11] Future Outlook - For Q1 2026, the company expects organic growth of 8.5% to 10% and for the full year, guidance is set at 10% to 11% [8][36] - Adjusted EPS for 2026 is projected to be between $3.43 and $3.49, indicating a growth of 12% to 14% [38] - The company anticipates continued momentum in EP and WATCHMAN, with expectations for the market to grow approximately 15% in 2026 [26][72] Strategic Acquisitions - Boston Scientific announced agreements to acquire Penumbra and Valencia Technologies, expected to close in 2026, enhancing its portfolio in high-growth segments [15][35] - The acquisition of Nalu Medical has been completed, complementing the neuromodulation pain franchise [35]

Group 1: Earnings Performance - Sonos stock increased by 4.9% after reporting fiscal Q1 2026 earnings that exceeded analyst expectations, with an adjusted profit of $0.93 per share on sales of $546 million, compared to forecasts of $0.68 per share and $536.9 million in sales [1] - Despite beating estimates, revenue was down 1% from the previous year's Q1 [2] Group 2: Cost Management - Sonos significantly reduced costs across various areas, including a 26% year-over-year decrease in research and development spending, which may negatively impact the attractiveness of its audio products in the long term [3] - The company's per-share profit under GAAP nearly doubled year-over-year to $0.75, and free cash flow improved by about 3% to $150.8 million [4] Group 3: Investment Considerations - Sonos reported negative earnings for 2025 and has incurred losses in each of the last four years, but its free cash flow stands at a healthy $122.5 million, leading to a valuation of 15 times free cash flow [5] - The current cash flow situation supports a positive outlook on Sonos stock as a potential buy [6]

Financial Data and Key Metrics Changes - The company reported sequential revenue growth of 5% in Q4 2025, with adjusted EBITDA margins above 22% and free cash flow conversion of 76% [5][6][10] - Full year 2025 adjusted free cash flow totaled $466 million, representing a 43.7% conversion ratio, which is a 576 basis points improvement over 2024 [10][21] - The net leverage ratio improved to 0.42 times, down from 3.3 times at the beginning of 2021, reflecting a stronger balance sheet [22] Business Line Data and Key Metrics Changes - The WCC and PRI segments were the largest contributors to top-line growth, driven by strong performance in completions and artificial lift [8][11] - Completions have become the largest product line, showing significant growth year-on-year and quarter-on-quarter due to technology advancements [9] - The artificial lift segment benefited from a strong installed base and customer relationships, leveraging international expertise [9] Market Data and Key Metrics Changes - Latin America experienced a 16% sequential growth, primarily driven by Mexico and Brazil, while North America saw modest growth supported by higher Canadian activity [6][7] - The Europe, Sub-Saharan Africa, and Russia region declined by 2% sequentially, indicating ongoing softness in that market [6] - The Middle East, North Africa, and Asia region delivered 4% sequential growth, led by Kuwait, Oman, the UAE, and Indonesia [7] Company Strategy and Development Direction - The company plans to focus on cost control and productivity improvements in the first half of 2026, with expectations of increased customer spending in the second half [12][13] - There is optimism regarding the Venezuelan market reopening, which could provide substantial opportunities for intervention and artificial lift services [15] - The company is committed to returning approximately 50% of adjusted free cash flow to shareholders over the cycle, with a recent increase in dividends by 10% [11][21] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about the visibility of payment streams and the potential for growth in the second half of 2026 [10][12] - The company anticipates a slight decline in North America spending due to tight budgets, while international activity levels are expected to be flat to slightly down compared to the prior year [12][13] - Management highlighted the importance of operational execution and technology development to drive future growth, particularly in Saudi Arabia [33][34] Other Important Information - The company took a restructuring and severance charge of $7 million in Q4 2025, totaling $58 million for the full year [19] - Capital expenditures for 2025 were $226 million, with expectations for 2026 CapEx to be between $190 million and $230 million [20][21] - The company is focusing on optimizing cash and margin on capital deployed, with a significant increase in ERP-related spending planned for 2026 [88] Q&A Session Summary Question: Outlook for Saudi Arabia - Management is hopeful for a healthy recovery in Saudi Arabia in the second half of 2026 as rigs come online, emphasizing the importance of technology development [33][34] Question: Broader Middle East and North Africa Market - The region remains strong for the company, with continued momentum in the UAE and Kuwait, although some variability is expected in other countries like Qatar [41][42] Question: Mexico Business Trends - Management noted three consecutive quarters of sequential improvements in Mexico, with expectations for slight growth year-on-year as stability returns [51][52] Question: Venezuela Market Potential - Management clarified that no uptick from Venezuela is assumed in current guidance, but there is potential for significant revenue if the market stabilizes [60][62] Question: Offshore Activity Outlook - Management expressed excitement about improvements in offshore deepwater activity, particularly in MPD and TRS businesses, and the potential for growth in completions [66][68] Question: North America Activity Outlook - Management acknowledged expected declines in North America but emphasized a focus on maintaining margins and driving innovation to offset market pressures [72][75] Question: First Quarter Guidance - Management explained that the first quarter guidance reflects typical seasonality and some orders pulled into Q4, with expectations for a ramp-up in the second half of 2026 [78][80]

Financial Data and Key Metrics Changes - The company reported sequential revenue growth of 5% in Q4 2025, with adjusted EBITDA margins above 22% and free cash flow conversion of 76% [4][5][9] - Full year 2025 adjusted free cash flow totaled $466 million, representing a 43.7% conversion ratio, a significant improvement over 2024 [9][21] - The net leverage ratio improved to 0.42 times, down from 3.3 times at the beginning of 2021, reflecting a stronger balance sheet [21] Business Line Data and Key Metrics Changes - The Completions and Artificial Lift segments were the largest contributors to top-line growth, with Completions becoming the largest product line due to technology advancements [6][7] - The company experienced a decline of over 50% in revenues from Mexico for the full year 2025, but signs of stabilization were noted [5][6] - The Middle East, North Africa, and Asia region delivered 4% sequential growth, driven by strong performance in Kuwait, Oman, the UAE, and Indonesia [5] Market Data and Key Metrics Changes - Latin America saw a 16% sequential growth, primarily driven by increased activity in Mexico and Brazil [5] - North America experienced modest growth, supported by higher Canadian activity, while US land activity declined [5] - The Europe, Sub-Sahara Africa, and Russia region declined by 2% sequentially, continuing to show softness [5] Company Strategy and Development Direction - The company plans to focus on cost control and productivity improvements in the first half of 2026, with expectations of increased customer spending in the second half [11][12] - The company is optimistic about a stronger outlook for 2027, anticipating year-on-year growth in activity levels [14][29] - Strategic initiatives include enhancing operational efficiency through digital platforms and artificial intelligence, as well as focusing on lower capital intensity businesses [27][28] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding payment streams in Mexico, with improved collection mechanisms in place [9][54] - The company is monitoring geopolitical conflicts and commodity price volatility, which may impact international activity levels in the first half of 2026 [12][13] - Management highlighted the potential reopening of the Venezuelan market, which could significantly benefit the company if stable governance and regulatory conditions are established [13][61] Other Important Information - The company returned $173 million to shareholders through dividends and share repurchases in 2025, with a commitment to return approximately 50% of adjusted free cash flow over the cycle [20][21] - Capital expenditures for 2026 are expected to be between $190 million and $230 million, with a focus on IT-related spending for ERP systems [19][88] Q&A Session Summary Question: Outlook for Saudi Arabia - Management is hopeful for a healthy recovery in Saudi Arabia in the second half of 2026 as rigs come online, emphasizing the importance of technology development [32][34] Question: Broader Middle East and North Africa Market - The region remains strong, with continued momentum in the UAE and Kuwait, although some variability is expected in other countries like Qatar [40][42] Question: Mexico's Business Trends - Management noted three consecutive quarters of sequential improvements in Mexico, with expectations for slight growth year-on-year in 2026 [50][52] Question: Venezuela Market Potential - Management clarified that no uptick from Venezuela is included in current guidance, but there is potential for significant revenue if conditions stabilize [60][61] Question: Offshore Activity Outlook - Management expressed excitement about improvements in offshore deepwater activity, particularly in completions and managed pressure drilling [67][69] Question: North America Activity Outlook - Management indicated that North America is expected to see mid- to high-single-digit declines in activity, but the focus will be on maintaining margins through innovation [72][76] Question: First Quarter Guidance - Management explained that the first quarter guidance reflects typical seasonality and some orders pulled into Q4, with expectations for a ramp-up in the second half of 2026 [80][82]