Diebold Nixdorf (NYSE:DBD) Q4 2025 Earnings call February 12, 2026 08:30 AM ET Company ParticipantsMaynard Um - VP of Investor RelationsOctavio Marquez - CEOThomas Timko - CFOConference Call ParticipantsAntoine Gallop - AnalystJustin Ages - AnalystMatt Summerville - AnalystOperatorHello, good day, and welcome to Diebold Nixdorf's fourth quarter and full year 2025 earnings call. My name is Ellie, and I'll be coordinating today's call. Following our speakers' remarks, there will be a question and answer sessi ...

Core Insights - Nissay Asset Management Corporation has become the first asset management company in Japan to implement Broadridge's Mortgage-Backed Securities Trade Assignment Portal, enhancing operational efficiency and reducing administrative workload [1][1][1] Company Overview - Nissay Asset Management was established in 1995 and is part of the Nippon Life Group, focusing on providing a wide range of investment products for pension funds and individual investors [1][1] - Broadridge Financial Solutions is a global technology leader that processes over 7 billion communications annually and supports daily trading of over $15 trillion in various securities [1][1] Technology Implementation - The Trade Assignment Portal automates and digitizes the Assignment of Trade (AOT) processes for TBA trading of mortgage-backed securities, allowing for instant contract creation, electronic signing, and real-time progress tracking [1][1][1] - The solution significantly reduces manual workload and improves transparency by securely storing completed AOTs in the cloud [1][1] Industry Context - The implementation of the Trade Assignment Portal comes as Japan's asset management industry faces pressure to reduce routine tasks and allocate more resources towards value-generating initiatives for investors [1][1] - By reducing AOT processing time, the portal enables traders at Nissay Asset Management to focus more on planning and execution, thereby enhancing operational agility and client outcomes [1][1]

Oran said GXO generated $163 million of free cash flow in the fourth quarter and achieved its targeted adjusted EBITDA-to-free-cash-flow conversion for the full year, citing disciplined capital expenditures and working capital management. He also said leverage improved to 2.5x net debt to adjusted EBITDA , even after $200 million in share buybacks completed in the first half of 2025 at an average price of $37.34 .CFO Baris Oran added that full-year revenue increased 12.5% , including 3.9% organic growth, wh ...

Financial Data and Key Metrics Changes - The company reported net operating revenues of $21.3 billion for 2025, with consolidated Adjusted EBITDA of $4.57 billion, representing a 14% growth over 2024 [5][13] - The full-year Adjusted EBITDA margin improved by 200 basis points to 21.4% compared to the prior year [5][14] - In Q4 2025, total net operating revenues were $5.5 billion, with consolidated Adjusted EBITDA of $1.183 billion, a 13% increase year-over-year [12][13] Business Line Data and Key Metrics Changes - The USPI segment's Adjusted EBITDA grew 12% in 2025 to $2.026 billion, with same-facility revenues increasing by 7.2% [6][14] - The hospital segment's Adjusted EBITDA increased by 16% to $2.54 billion, with same-store revenues per adjusted admission up 5.3% [7][14] - Same facility revenues grew 7.5%, driven by double-digit growth in total joint replacements in ASCs [7] Market Data and Key Metrics Changes - The company experienced strong same-store revenue growth, exceeding the long-term goal of 3%-6% organic growth [7] - In Q4, exchange volumes accounted for approximately 7.5% of total admissions and over 6% of consolidated revenues [69] Company Strategy and Development Direction - The company plans to continue focusing on organic growth supplemented by M&A, with nearly $350 million invested in 2025 and 35 facilities added to the portfolio [7][8] - The company expects to tackle expense management more structurally, leveraging technology for sustainable cost reductions [27][28] - The company anticipates a gradual tailwind from the phase-out of the Inpatient Only List starting in 2026, with opportunities in high acuity procedures [9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving strong core earnings growth for 2026, despite anticipated headwinds from the expiration of enhanced premium tax credits [11][19] - The company expects full-year 2026 Adjusted EBITDA in the range of $4.485 billion to $4.785 billion, driven by ongoing demand strength and service line expansion [9][18] - Management acknowledged uncertainty regarding enrollment levels and effectuation rates, which could impact future performance [11][19] Other Important Information - The company repurchased approximately 22% of its outstanding shares for around $2.5 billion since the share repurchase program began in Q4 2022 [8][16] - The company generated $2.53 billion of free cash flow for the full year 2025, with $2.8 billion in cash on hand as of December 31, 2025 [15][16] Q&A Session Summary Question: Can you expand on the same-store hospital volume performance in the quarter? - Management noted that while acuity was good, the respiratory season was weaker than expected, impacting volumes [25] Question: What do you mean by tackling expense management more structurally? - Management explained that they are focusing on technology deployment for sustainable expense reductions, moving beyond traditional annual expense management [27][28] Question: Can you provide more details on the hospital admission growth guidance of 1%-2%? - Management indicated that the guidance reflects anticipated impacts from exchange exposure and investments in higher acuity capabilities [32] Question: Is the growth expected to be sustainable in future years? - Management expressed confidence in the sustainability of growth, citing a track record of acuity and revenue per case growth [39][40] Question: What is the payer mix for USPI in Q4? - Management reported a consistent payer mix, with net revenue per case growth of 5.5% and EBITDA margins above 40% [83]

Core Insights - The mining industry is experiencing a transformation through automation and new technologies, enhancing operations and boosting domestic production globally [1][4][6]. Group 1: Technological Advancements - Self-driving vehicles are revolutionizing mining operations, showcasing how automation is enhancing efficiency [1]. - Australia is utilizing advanced electromagnetic surveys to create mineral potential maps, covering around 70% of the country [2]. - Satellite technology is being integrated into mining operations, allowing for remote data transmission and monitoring of worker safety [7][10]. Group 2: Critical Minerals and Market Dynamics - Australia is positioning itself as a key player in the critical minerals market, which is essential for energy transition technologies [3][4]. - China currently dominates the production of over 15 critical minerals, leading to a global race among nations to reduce this dependency [4]. Group 3: Artisanal Mining Sector - The artisanal mining sector has grown significantly, contributing approximately 20% of the world's gold supply today, up from 4% in the 1990s [11]. - There are pressing regulatory challenges within the artisanal mining sector, particularly concerning social and environmental risks [12][14]. Group 4: ESG and Industry Challenges - The relevance of ESG frameworks in mining is being questioned, with some experts suggesting it is evolving rather than dying [15][17]. - The industry faces challenges in balancing compliance with varying regulations across different markets [18][19]. - Circular economy principles are being explored, with mining companies encouraged to adopt practices that support sustainability [20][21].

GXO Logistics (NYSE:GXO) Q4 2025 Earnings call February 11, 2026 08:30 AM ET Company ParticipantsBaris Oran - CFOJeff Kauffman - PartnerKristine Kubacki - Chief Strategy OfficerMadison Osias - Financial AdvisorPatrick Kelleher - CEORicha Harne - Director of Institutional Equity SalesRyan Thomas - Executive Director and Product Lead in Growth Engine and AI StrategyConference Call ParticipantsDavid Zazula - Senior Equity AnalystKevin Ganey - Senior Research AnalystOdai Khan - Director and Equity Research Anal ...

GXO Logistics (NYSE:GXO) Q4 2025 Earnings call February 11, 2026 08:30 AM ET Company ParticipantsBaris Oran - CFOJeff Kauffman - PartnerKristine Kubacki - Chief Strategy OfficerMadison Osias - Financial AdvisorPatrick Kelleher - CEORicha Harne - Director of Institutional Equity SalesRyan Thomas - Executive Director and Product Lead in Growth Engine and AI StrategyConference Call ParticipantsDavid Zazula - Senior Equity AnalystKevin Gainey - Senior Research AnalystOdai Khan - Director and Equity Research Ana ...

Europe’s EV market saw a clear turning point in 2025, as Volkswagen overtook Tesla for the first time in regional sales of fully electric cars. Tesla had dominated the continent’s EV segment for four years, but that run came to an end in 2025. That marks another blow for the U.S. automaker after China’s BYD (BYDDY) overtook Tesla as the world’s leading EV maker.Shares of TSLA stock have fallen more than 5% on a year-to-date (YTD) basis. Optimism around the company’s robotaxi service fueled gains in TSLA sto ...

GXO Logistics (NYSE:GXO) Q4 2025 Earnings call February 11, 2026 08:30 AM ET Speaker7Welcome to the GXO fourth quarter and full year 2025 earnings conference call and webcast. My name is Daryl, and I'll be your operator for today's call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. Please note that this conference is being rec ...

Key Takeaways SERV shares have plunged 28% in a month, lagging the industry and the S&P 500's declines.Serve Robotics posted $687,000 Q3 revenue against $30.4M in GAAP operating expenses and $24.9M EBITDA loss.SERV holds $211M cash, no debt, targeting $60M-$80M annualized run rate beyond 2026.Shares of Serve Robotics Inc. (SERV) have plunged 28% over the past month, sharply underperforming the broader industry’s 13% decline and the S&P 500's 0.4% dip. The pullback comes despite the company delivering triple ...