Cooper-Standard (NYSE:CPS) Q4 2025 Earnings call February 13, 2026 09:00 AM ET Company ParticipantsBrian DiRubbio - Managing DirectorJeff Edwards - Chairman and CEOJonathan Banas - EVP and CFOKirk Ludtke - Managing DirectorRoger Hendriksen - Director of Investor RelationsConference Call ParticipantsMichael Ward - Managing Director and Senior AnalystNathan Jones - Managing Director and Senior Equity AnalystOperatorMorning, ladies and gentlemen, and welcome to the Cooper-Standard fourth quarter and full year ...

Cooper-Standard (NYSE:CPS) Q4 2025 Earnings call February 13, 2026 09:00 AM ET Speaker6Morning, ladies and gentlemen, and welcome to the Cooper-Standard fourth quarter and full year 2025 earnings conference call. During the presentation, all participants will be in listen-only mode. Following company-prepared comments, we will conduct a question-and-answer session. At that time, if you have a question, you will need to press star one one on your telephone keypad. To withdraw your question, please press star ...

Vale (NYSE:VALE) Q4 2025 Earnings call February 13, 2026 09:00 AM ET Speaker9Good morning, ladies and gentlemen. Welcome to Vale's fourth quarter 2025 earnings call. This conference is being recorded, and the replay will be available on our website at vale.com. The presentation is also available for download in English and Portuguese from our website. To listen to the call in Portuguese, please press the globe icon located on the lower right side of your screen, and then choose to enter the Portuguese room. ...

The Wendy’s Company (NasdaqGS:WEN) Q4 2025 Earnings call February 13, 2026 08:30 AM ET Speaker11Good morning! Welcome to the Wendy's Company Earnings Results Conference Call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star followed by the number 1 on your telephone keypad. If you would like to withdraw your question, press star followed by the ...

Magna International (NYSE:MGA) Q4 2025 Earnings call February 13, 2026 08:00 AM ET Company ParticipantsBrian Morrison - VP and DirectorJake Coleman - Investment Banking DirectorJames Picariello - Director and Head of US Autos ResearchJoseph Spak - Managing DirectorLouis Tonelli - VP of Investor RelationsPhilip D. Fracassa - EVP and CFOSeetarama Swamy Kotagiri - CEOConference Call ParticipantsColin Langan - Automotive and Mobility AnalystDan Levy - Senior Equity Research AnalystEmmanuel Rosner - Senior Autos ...

Magna International (NYSE:MGA) Q4 2025 Earnings call February 13, 2026 08:00 AM ET Speaker9Good morning, and thank you for standing by. My name is John, and I will be your conference operator today. At this time, I would like to welcome everyone to the Magna International Fourth Quarter Full Year 2025 Results and 2026 Outlook. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question-and-answer session. If you would like to ask a question durin ...

We had adjusted EBITDA of BRL 450 million and our adjusted EBITDA margin was 9.2%. Our Q4 results reflect the robust nature of our strategies to drive strong margins during changing market conditions. In the U.S., Fresh increased market share through continued focus on quality, service, and innovation. Our fresh business improved efficiencies both in plant and live operations. Prepared foods continued to drive category-leading growth across retail and foodservice, further diversifying our portfolio. Investm ...

Financial Data and Key Metrics Changes - The company reported a strong operational cash flow and free cash flow in Q4 2025, even amidst a lower price cycle, indicating resilience and competitiveness in its business model [5][6] - The cash cost reached BRL 778 per ton in Q4 2025, a 3% reduction from Q3 2025, marking the lowest cash cost performance since Q4 2021 [23][24] - The company generated a positive free cash flow of $400 million in Q4 2025, reducing net debt to $12.6 billion and decreasing leverage to 3.2 times [26] Business Line Data and Key Metrics Changes - The pulp business unit achieved record shipment volumes in Q4 2025, driven by operational excellence in the supply chain [4] - The paper and packaging business unit saw strong volumes, particularly in the U.S., with a 21% year-over-year increase in packaging prices despite declining paper prices in export markets [8][10] - The company ceased operations at its Rio Verde Mill, which had the highest cash cost in its portfolio, expecting a positive impact on 2026 results by reallocating production to more competitive mills [12] Market Data and Key Metrics Changes - In Brazil, print and write paper demand increased by 1% in the first two months of Q4 2025, while paperboard demand grew by 2% [9] - The U.S. market experienced stable shipments in Q4 2025, but production increased by 2% due to new capacity, leading to pressure on operating rates [10] - In China, paper and board production increased by 17% in Q4 2025 compared to Q4 2024, contributing to higher demand for hardwood pulp [13] Company Strategy and Development Direction - The company views 2025 as an inflection point for total operational disbursement (TOD), aiming to improve competitiveness and cash generation capabilities [5][29] - A comprehensive multi-year program is being implemented to enhance competitiveness, focusing on reducing total operational disbursement [24] - The company is strategically positioning inventories for Q2 2026, anticipating maintenance downtimes that will reduce output [20] Management's Comments on Operating Environment and Future Outlook - Management highlighted a more constrictive business environment for 2026 due to changes in supply and demand dynamics, particularly in the pulp market [29] - The delay of new market pulp capacity in Indonesia and the revocation of forestry licenses are expected to tighten supply, positively impacting market dynamics [71][73] - The company anticipates a gradual decline in cash costs throughout 2026, despite challenges in the first quarter due to planned maintenance [24][60] Other Important Information - The company renewed its revolving credit facility, increasing the line from $1.3 billion to $1.8 billion while reducing costs [26] - A new buyback program was announced to acquire up to 40 million shares over the next 18 months, following a previous buyback of 15 million shares [28] Q&A Session Summary Question: Insights on pulp market dynamics in China - Management indicated that despite new pulp capacity, the net effect on supply is neutral due to lower operating rates and shutdowns, leading to a positive import trend for hardwood pulp [34][35] Question: Future CAPEX trends - Management acknowledged potential for lower CAPEX in 2026 due to non-recurring items but refrained from providing specific guidance [33][37] Question: Buyback execution strategy - The company remains focused on deleveraging but is opportunistic with buybacks, considering various market factors [41][42] Question: Potential divestments and their impact on deleveraging - Management noted that divestments are not a primary strategy for deleveraging, which will primarily come from operational improvements [43][44] Question: Paper prices in China and their impact on pulp prices - Management confirmed that while paper prices are a factor, pulp prices generally lead the market, and they expect a recovery in paper prices [48][50] Question: U.S. packaging market outlook - The company expressed confidence in its U.S. packaging business, citing stable demand and long-term contracts that insulate it from market volatility [53][55]

Suzano (NYSE:SUZ) Q4 2025 Earnings call February 11, 2026 08:00 AM ET Company ParticipantsAires Galhardo - Executive Officer of Pulp OperationsFábio Almeida de Oliveira - EVP of Paper and PackagingJoão Alberto Fernandez de Abreu - CEOLeonardo Grimaldi - Executive Officer of Commercial Pulp, People & ManagementLuis Renato Costa Bueno - Executive Officer of Consumer Goods and Corporate RelationsMarcos Moreno Chagas Assumpção - Director of Investor RelationsConference Call ParticipantsCaio Ribeiro - Director a ...

Financial Data and Key Metrics Changes - For Q1 2026, total reportable segments EBIT was $441 million, a 5% increase from the prior year, driven by strong performance in natural gas businesses and effective margin management in LPG operations [4][10] - Adjusted diluted EPS for the quarter was $1.26, down from $1.37 in the prior year, reflecting the absence of investment tax credits, higher interest expenses, and lost earnings from divestitures [10] - Available liquidity at the end of the quarter was $1.6 billion, an increase of $100 million year-over-year [15] Business Line Data and Key Metrics Changes - Utilities segment delivered EBIT of $157 million, up $16 million year-over-year, with a 16% increase in core market volumes due to colder weather [11] - Midstream and Marketing reported EBIT of $88 million, down from $95 million in the prior year, impacted by pipeline rate increases [12] - UGI International reported EBIT of $124 million, up $14 million year-over-year, due to operating efficiencies despite lower retail LPG volumes [14] Market Data and Key Metrics Changes - The gas utility service territories experienced temperatures approximately 21% colder than the prior year, contributing to increased demand [11] - Retail LPG volumes were lower due to reduced crop drying campaigns and divestitures, but total margin increased due to effective margin management [14] Company Strategy and Development Direction - The company is focused on operational excellence, safety, and cultural transformation to unlock intrinsic value [4] - Capital discipline is emphasized, with LPG portfolio optimization nearly complete and natural gas infrastructure positioned to capture growing demand [5] - A new Chief Strategic Officer role has been created to focus on medium to long-term growth opportunities and sustainability [36][39] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to meet strong winter demand, with improved safety metrics and operational efficiency [4][17] - The company is actively engaged in discussions with power providers to meet increasing natural gas demand in Pennsylvania [30] Other Important Information - Moody's upgraded AmeriGas's outlook to positive, reflecting operational and financial improvements [6][16] - The company filed a gas base rate case for UGI Utilities and Mountaineer Gas Company, requesting distribution rate increases to support infrastructure investments [8] Q&A Session Summary Question: How has AmeriGas performed through extreme winter weather? - Management noted improved performance metrics, with record safety and customer satisfaction, despite some delivery challenges due to road conditions [20][21] Question: Can you discuss the decision for a rate case in Pennsylvania? - Management clarified that the rate case focuses on maintaining affordability and efficiency, with no extraordinary structural changes [27][28] Question: What is the status of NDAs related to increasing natural gas demand? - Management indicated ongoing discussions with power providers, hoping to announce developments within the fiscal year [30][31] Question: Why create the Chief Strategic Officer role now? - The role is aimed at focusing on long-term growth and sustainability, reflecting the company's evolution and need for strategic oversight [36][39] Question: Can you quantify the lag in recovery of pipeline transportation costs? - Management estimated the lag to be around $5 million, which is expected to be recovered over the fiscal year [42][43]