Core Viewpoint - Hydreight Technologies Inc. has provided revenue guidance for fiscal year 2026, projecting approximately $150 million in revenue, which reflects a conservative baseline outlook based on contracted demand and partner activity [2][6]. Fiscal 2026 Revenue Guidance - The company expects fiscal 2026 revenue of around $150 million, which is a conservative estimate based on existing pharmacy operations and digital health platform activities [2]. - This guidance does not include potential contributions from acquisitions, new market entries, or additional commercial arrangements that are not currently operational [2][6]. Q1 2026 Revenue Outlook - For the first quarter of fiscal 2026, the company anticipates revenue between $25 million and $28 million, driven by major partnerships and pharmacy product lines that are set to go live [3]. Cost Structure, Margin, and Profitability Context - The fiscal 2026 guidance assumes no significant increase in fixed operating costs compared to late 2025 levels, with revenue growth supported by the existing cost base [4]. - The company expects an Adjusted EBITDA margin of approximately 15-17%, benefiting from scaling transaction volumes across a largely fixed operating cost structure [5]. Management Commentary - The CEO of Hydreight emphasized that the guidance reflects the visibility into operations and is grounded in existing demand, supported by a disciplined cost structure [7]. Capital Position - The company recently completed a $15 million financing deal to enhance working capital, which is expected to support anticipated transaction volumes and ongoing operations [9].

FOURTH QUARTER 2025 EARNINGS RESULTS FORWARD-LOOKING STATEMENTS This presentation contains statements concerning the company's future results and performance that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 including, but not limited to, with respect to: our first quarter 2026 outlook and expectations concerning earnings and Adjusted EBITDA for each of our businesses and expected key drivers; our full-year 2026 outlook for fee harvest volumes, St ...

THREE MONTHS AND YEAR ENDED DECEMBER 31, 2025 Important Cautionary Notes All amounts in this Supplemental Information are in U.S. dollars unless otherwise specified. Unless otherwise indicated, the statistical and financial data in this document is presented as at December 31, 2025. CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS AND INFORMATION Note: This Supplemental Information contains "forward-looking information" within the meaning of Canadian provincial securities laws and "forward-looking ...

Charter Communications Fourth Quarter and Full Year 2025 Results January 30, 2026 Cautionary Statement Regarding Forward-Looking Statements This quarterly presentation includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding, among other things, our plans, strategies and prospects, both business and financial. Although we believe that our plans, intentions and expectations as ...

Core Insights - Olin Corporation reported a net loss of $85.7 million for Q4 2025, a significant decline from a net income of $10.7 million in Q4 2024, reflecting ongoing market challenges and operational disruptions [1][2] - The company's adjusted EBITDA for Q4 2025 was $67.7 million, down from $193.4 million in Q4 2024, indicating a substantial decrease in operational profitability [1][27] - Total sales for Q4 2025 were $1,665.1 million, slightly lower than $1,671.3 million in Q4 2024, showing a stable revenue stream despite adverse conditions [1][21] Financial Performance - The full year 2025 reported a net loss of $42.8 million, compared to a net income of $108.6 million in 2024, highlighting a year-over-year decline in profitability [1][21] - Operating cash flow for Q4 2025 was $321.2 million, demonstrating effective cash generation despite the net loss [2] - The company ended 2025 with net debt of approximately $2.7 billion, maintaining a net debt to adjusted EBITDA ratio of 4.1 times, indicating a stable leverage position [12][32] Segment Performance - Chlor Alkali Products and Vinyls segment reported sales of $856.4 million in Q4 2025, down from $953.7 million in Q4 2024, primarily due to lower pricing [6][7] - The Epoxy segment saw sales increase to $359.3 million in Q4 2025 from $282.2 million in Q4 2024, driven by higher volumes, although it still reported a segment loss of $19.2 million [8] - Winchester segment sales were $449.4 million in Q4 2025, up from $435.4 million in Q4 2024, with military sales offsetting declines in commercial ammunition [9] Strategic Initiatives - The company is focused on its "Optimize the Core" strategic priorities, which include enhancing operational reliability and achieving structural cost reductions through the Beyond250 initiative, which has already realized $44 million in cost savings in 2025 [2][3] - Olin plans to close its epoxy resin manufacturing facility in Guarujá, Brazil, in Q1 2026, expecting to achieve annual structural cost savings of approximately $10 million [11] - The company anticipates that its Epoxy business will return to profitability in 2026, supported by new supply agreements and ongoing cost reduction efforts [3]

Core Insights - Fair Isaac Corporation (FICO) reported first-quarter fiscal 2026 non-GAAP earnings of $7.33 per share, exceeding the Zacks Consensus Estimate by 5.54% and reflecting a year-over-year increase of 26.6% [2] - Revenues reached $512 million, surpassing the consensus mark by 2.76% and showing a 16.6% year-over-year growth [2] - The Scores segment, which constitutes 59.5% of total revenues, increased by 29.2% year over year to $304.5 million [2] Revenue Breakdown - The Americas contributed 88% to total revenues, while EMEA and Asia Pacific accounted for 8% and 4%, respectively [2] - Software revenues, including analytics and digital decisioning technology, rose 1.5% year over year to $207.4 million [3] - Software Annual Recurring Revenues (ARR) increased by 5% year over year to $766 million, with platform ARR growing by 33% but non-platform ARR declining by 8% [4] Performance Metrics - The Software Dollar-Based Net Retention Rate was 103%, with platform software at 122% and non-platform software at 91% [4] - On-premises and SaaS Software, which made up 36.8% of revenues, increased by 1.2% year over year to $188.2 million [4] - Professional services revenues, accounting for 3.8% of total revenues, rose by 5% year over year to $19.2 million [4] Originations Growth - B2B scoring solutions saw a revenue increase of 36% year over year, driven by higher unit prices and increased mortgage originations [5] - B2C revenues grew by 5% year over year, supported by higher revenues from myFICO.com and indirect channel partners [5] - Mortgage originations revenues surged by 60% year over year, while auto originations revenues increased by 21% [6] Operating Efficiency - Research and development expenses as a percentage of revenues decreased by 50 basis points year over year to 9.7% [7] - Selling, general, and administrative expenses as a percentage of revenues fell by 160 basis points year over year to 27.5% [7] - Non-GAAP Operating margin improved to 45.7% in the fiscal first quarter of 2026, up from 40.8% in the same quarter last year [7] Financial Health - Adjusted EBITDA rose by 26.5% year over year to $282.2 million, with an adjusted EBITDA margin of 55.1% compared to 50.7% in the previous year [8] - As of December 31, 2025, FICO had $162 million in cash and cash equivalents, up from $134 million as of September 30, 2025 [9] - Total debt stood at $3.19 billion, with cash flow from operations at $174 million for the fiscal first quarter [9] Future Guidance - For fiscal 2026, FICO anticipates revenues of $2.35 billion and non-GAAP earnings projected at $38.17 per share [11]

Financial Data and Key Metrics Changes - Total revenue grew by 2.8% year-over-year to $4.2 billion, with rental revenue increasing by 4.6% to $3.6 billion, both setting fourth quarter records [4][5] - Adjusted EBITDA reached $1.9 billion, resulting in a margin of 45.2%, with adjusted EPS at $11.09 [5][12] - Free cash flow generation was $2.2 billion, translating to a free cash flow margin of 14% [7][18] Business Line Data and Key Metrics Changes - Growth was observed across both Gen Rent and Specialty businesses, with Specialty showing broad-based growth [6] - Rental revenue increased by $159 million year-over-year, supported by growth from large projects and key verticals [13] - Ancillary and re-rent revenue grew by over 9%, contributing an additional $62 million [14] Market Data and Key Metrics Changes - The construction end market saw growth in both infrastructure and non-residential construction, while the industrial end market showed strength within power [6] - Demand for used equipment remained healthy, with $769 million of OEC sold in the fourth quarter at a 50% recovery rate [7][14] Company Strategy and Development Direction - The company aims to be the partner of choice for customers, focusing on providing an unmatched experience through a one-stop shop of products and services [3] - Plans for 2026 include repurchasing $1.5 billion of shares and increasing the quarterly dividend by 10%, reflecting a commitment to returning capital to shareholders [8][22] - The strategy emphasizes capital efficiency and organic growth, with a focus on expanding the Specialty footprint and leveraging geographic opportunities [6][9] Management's Comments on Operating Environment and Future Outlook - Management expects 2026 to be another year of profitable growth, with total revenue growth ex used of over 6% [9][19] - The demand construct in 2026 is anticipated to be similar to 2025, driven by large projects and dispersed geographic demand [9][56] - Management remains cautious about local market growth, expecting it to be flattish, but is prepared to react if conditions improve [97] Other Important Information - The company returned nearly $2.4 billion of excess cash flow to shareholders in 2025, including $464 million via dividends and $1.9 billion through share repurchases [8][18] - The company plans to maintain a strong balance sheet with net leverage of 1.9 times and total liquidity of over $3.3 billion [18] Q&A Session Summary Question: On ancillary services, what inning are you in regarding evolution? - Management indicated that it is difficult to characterize the stage of ancillary services evolution, emphasizing the goal of providing as many solutions for customers as possible [24][25] Question: Can you discuss the recent M&A activity and pipeline? - Management confirmed a robust pipeline with some chunky deals, while recent smaller acquisitions were made to fill out product offerings [27][28][30] Question: What is the growth trajectory for the matting business? - The matting business saw broad-based strength, although a specific project was pushed out, affecting fourth quarter results [35][36] Question: What is the outlook for fleet productivity? - Fleet productivity was impacted by mix, particularly due to matting, but management expects positive productivity in 2026 [45][46][101] Question: How do you view the competitive dynamics post-IPO of a competitor? - Management believes that the supply-demand dynamics remain favorable and that the industry needs to maintain discipline regarding pricing [48][49] Question: What is the plan for cold starts in 2026? - Management indicated that the number of cold starts is not a strict target but depends on finding the right real estate and talent [52][54]

Core Insights - Kirby Corporation reported record net earnings for 2025, with fourth-quarter net earnings of $91.8 million or $1.68 per share, a significant increase from $42.8 million or $0.74 per share in the same quarter of 2024 [1][2][3] - The company achieved consolidated revenues of $851.8 million in the fourth quarter of 2025, up from $802.3 million in the fourth quarter of 2024 [1][2] Financial Performance - For the full year 2025, Kirby's net earnings were $354.6 million or $6.33 per share, compared to $286.7 million or $4.91 per share in 2024 [2] - Excluding one-time items, net earnings for 2024 were $318.8 million or $5.46 per share [2] - Adjusted EBITDA for the fourth quarter of 2025 was $203.1 million, an increase from $172.3 million in the fourth quarter of 2024 [13] Segment Performance - Marine Transportation revenues for the fourth quarter of 2025 were $481.7 million, up from $466.8 million in the fourth quarter of 2024, with an operating income of $100.3 million compared to $86.0 million [5][9] - Distribution and Services revenues for the fourth quarter of 2025 were $370.1 million, compared to $335.5 million in the fourth quarter of 2024, with an operating income of $30.1 million [9][10] - Power generation segment saw a revenue increase of 10% sequentially and 47% year-over-year, driven by strong order flow and project wins [4][10] Market Conditions - Inland marine market experienced improved barge utilization, averaging in the mid to high-80% range during the fourth quarter, with operating margins in the low-20% range [3][5] - Coastal marine business maintained solid fundamentals with barge utilization averaging in the mid to high-90% range and operating margins around 20% [3][8] - Demand in the distribution and services segment varied, with power generation showing robust growth while other areas faced softness [4][11] Cash Flow and Capital Management - Kirby generated net cash from operating activities of $312.2 million in the fourth quarter of 2025, with capital expenditures of $47.0 million [13][35] - The company repurchased 1,030,729 shares at an average price of $98.53, totaling $101.6 million, and reduced debt by $130 million in the fourth quarter [6][13] 2026 Outlook - Kirby expects continued growth in 2026, with earnings per share projected to be flat to up 12% year-over-year [6][14] - The company anticipates stable operations and improving market fundamentals, particularly in the power generation segment [14][17] - Inland revenues are expected to increase in the low to mid-single digits year-over-year, with barge utilization rates projected to be in the low 90% range [14][15]

Core Viewpoint - Darling Ingredients Inc. reported its fourth quarter and fiscal year 2025 earnings, highlighting the performance of its joint venture, Diamond Green Diesel (DGD), within the renewable diesel segment [1][2]. Financial Performance - For the three months ended December 31, 2025, DGD generated approximately $92 million in operating income, despite incurring a $24 million unfavorable lower of cost-or-market (LCM) inventory valuation adjustment [2]. - DGD's net income for the same period was $55 million, with sales of 285.3 million gallons of renewable fuels, resulting in an Adjusted EBITDA of $58 million or $0.41 per gallon [3]. - For the 12 months ended December 31, 2025, DGD reported a net loss of $68 million, with total sales of 1.003 billion gallons of renewable fuels, leading to an Adjusted EBITDA of $104 million or $0.21 per gallon [4]. Adjusted EBITDA Insights - Darling Ingredients' share of DGD Adjusted EBITDA for the three months and 12 months ended December 31, 2025, includes discounts related to the sale and prospective sale of Section 45Z Production Tax Credits [5]. - The company anticipates solid improvement in performance over prior outlooks, with further details to be provided in upcoming earnings materials [6]. Upcoming Events - Darling Ingredients will release its fourth quarter and fiscal year 2025 financial results on February 11, 2026, followed by a conference call on February 12, 2026, to discuss the results and company operations [7][8]. Company Overview - Darling Ingredients is a leader in circularity, transforming by-products from the animal agriculture and food industries into valuable ingredients and renewable energy, operating over 260 facilities globally [10].

Core Insights - Eagle Materials Inc. reported strong financial results for the third quarter of fiscal 2026, with revenue of $556 million, adjusted EBITDA of $190.1 million, and earnings per share (EPS) of $3.22, despite challenges in the residential construction market [1][2]. Financial Performance - Revenue for the third quarter increased by 11% in the Heavy Materials sector to $390.2 million, driven by higher sales volumes of Cement and Aggregates [1]. - Cement sales volume rose by 9% to 1.9 million tons, while organic Aggregates sales volume surged by 34% [1][2]. - Light Materials sector revenue decreased by 16% to $203.5 million, attributed to lower sales volumes and prices of Gypsum Wallboard and Recycled Paperboard [1][2]. Capital Structure and Shareholder Returns - The company issued $750 million in 10-year senior notes at a 5.00% interest rate, enhancing liquidity and extending debt maturity [1]. - Nearly $150 million was returned to shareholders through dividends and share repurchases, with approximately 648,000 shares repurchased [1][2]. Operational Efficiency and Investments - Eagle Materials is investing in modernizing its Cement and Gypsum Wallboard plants to improve operational efficiency and lower costs [1]. - The company reported a net leverage ratio of 1.8x, indicating substantial financial flexibility for future growth [1][2]. Segment Analysis - Heavy Materials segment operating earnings increased by 9% to $92.7 million, reflecting strong demand for Cement and Aggregates [1]. - Light Materials segment operating earnings decreased by 25% to $72.6 million due to lower sales volumes and pricing pressures [1][2]. Market Position - The company maintains a strong market position supported by federal, state, and local spending on public infrastructure projects, which has bolstered demand for its Heavy construction products [1][2].