在AI高速发展拉动电力需求、老旧电网设备更新等逻辑的驱动下，电力设备板块在节前一度领涨市场。 兴业证券在近期的研报中做出了2026年十大产业趋势展望，其中电力设备赫然在列。 上周，输配电设备制造商思源电气递表港交所，冲击A+H双重上市。 格隆汇获悉，思源电气股份有限公司（简称"思源电气"）于2月11日递表港交所，由中信证券担任保荐人。 2004年8月，思源电气成功登陆深交所主板，证券代码：002028.SZ，截至2026年2月13日，公司股价212.63元/股，市 值1661亿元。 公司股价自2023年以来年线全部收红，2025年年初至今涨幅近2倍。 01 公司董事会目前由七名董事组成，包括三名执行董事、一名非执行董事及三名独立非执行董事。 董增平今年56岁，目前担任公司执行董事、主席兼总经理，他1991年7月毕业于上海交通大学，获高电压技术与设备 专业学士学位。 此外，董增平还担任江苏省如高高压、江苏思源赫兹、上海思源电力电容器等公司的董事，以及思源清能、北京思源 清能电气电子有限公司、上海思源高压的执行董事等职务。 | | | | 加入 | 獲委任為 | | 高級管理層 | | --- | --- | - ...

V.F. Corporation (NYSE:VFC) is one of the best luxury stocks to buy now. On February 2, JPMorgan lifted the price target on V.F. Corporation (NYSE:VFC) to $19 from $17 while maintaining a Neutral rating on the shares. Jim Cramer Is Not Seeing a Comeback For VF Corp (VFC) Anytime Soon In another development, Williams Trading reaffirmed a Sell rating on the stock on January 30, setting a price target of $14.00 and citing the company’s questionable long-term targets and execution risk. The firm considers V. ...

Upbound Group (NasdaqGS:UPBD) Q4 2025 Earnings call February 19, 2026 09:00 AM ET Company ParticipantsBobby Griffin - Managing Director of Equity ResearchFahmi Karam - CEOHal Khouri - CFOKyle Joseph - Managing DirectorSteven Kos - Director of Finance and Investor RelationsYuna Sohn - Equity Research Senior AssociateConference Call ParticipantsAnthony Chukumba - Managing Director and Senior Research AnalystBrad Thomas - Managing Director and Equity Research AnalystHoang Nguyen - VP and Senior Equity Research ...

Cushman & Wakefield (NYSE:CWK) Q4 2025 Earnings call February 19, 2026 09:00 AM ET Company ParticipantsJulien Blouin - VPMegan McGrath - Head of Investor RelationsMichelle MacKay - CEONeil Johnston - CFOSeth Bergey - Senior Research AssociateConference Call ParticipantsAlex Kram - Senior Research AnalystAnthony Paolone - Executive Director and Head of U.S. Real Estate Stock Research and Senior AnalystBrendan Lynch - Director and Co-Head of U.S. Equity REIT Research AnalystMitch Germain - Managing Director a ...

Financial Data and Key Metrics Changes - Consolidated revenue for Q4 2025 was $45.5 million, a year-over-year decrease of 10.4% [11] - GAAP net income was $1 million or $0.08 per diluted share, compared to $0.3 million or $0.02 per diluted share in the prior year [14] - Non-GAAP net income was $2.5 million or $0.21 per diluted share, compared to $2.8 million or $0.23 per diluted share in the prior year [15] - Full year 2025 consolidated revenue was $191.4 million, a year-over-year decrease of 3.8% [16] - Gross profit for Q4 was $12.9 million, a decline of 12.5% compared to the same period last year [13] Business Line Data and Key Metrics Changes - IT Staffing Services segment revenue for Q4 2025 was $37.7 million, down 7% year-over-year, with headcount falling by 16.7% [6][11] - Data and Analytics Services segment revenue for Q4 2025 was $7.8 million, a decrease of 24% year-over-year [7][12] - Average bill rates reached an all-time high of $87.32, reflecting a focus on higher value engagements [7][11] Market Data and Key Metrics Changes - Bookings for Q4 2025 totaled $11.3 million, up nearly 37% over the same period last year [8][12] - The company is seeing strong renewals, indicating customer confidence in its ability to deliver value [8][51] Company Strategy and Development Direction - The company aims to build an AI-first services company, focusing on long-term sustainable growth and unlocking value for customers [9][32] - Strategic priorities for 2026 include delivering sustainable growth, investing in differentiated capabilities, and enhancing customer relationships [9][30] - The EDGE initiative is reshaping the company's cost structure and resource allocation to support future growth [17][18] Management's Comments on Operating Environment and Future Outlook - The market remains challenging, with clients cautious about technology budgets while pursuing modernization [5][34] - Despite macroeconomic volatility, there is reasonable confidence from clients regarding modernization efforts [36] - The company is well-positioned to help clients accelerate their AI adoption journeys [36] Other Important Information - The company maintained a solid financial position with $36.5 million in cash and no bank debt as of December 31, 2025 [18][19] - A new share repurchase program has been authorized, allowing for the repurchase of up to $5 million in common stock [20] Q&A Session Summary Question: What was the billable consultant count at the end of the quarter? - The company ended the quarter with 840 billable consultants in IT Staffing Services as of December 25 [24] Question: Are there any more one-time expenses and severance expected? - The finance and accounting transition is complete, and no significant future costs are expected [26] Question: What is the plan for cost savings in 2026? - The company plans to focus on efficiencies and investments in talent and capabilities to drive growth in 2026 [28] Question: What is the grand plan for 2026 and 2027? - The focus is on growth, targeting specific industry segments, and enhancing offerings to help clients modernize with AI [30][31] Question: Can the company grow this year given the market conditions? - The company has not seen significant pressure from clients and remains focused on modernization efforts [34][36] Question: How should SG&A levels be viewed moving forward? - Q4 SG&A levels are considered efficient, but the company plans to increase investments in talent and capabilities [42] Question: What is the outlook for cash usage and potential M&A activity? - The company aims to use cash for strategic priorities, including share repurchases and investments in capabilities [54]

Mastech Digital (NYSEAM:MHH) Q4 2025 Earnings call February 19, 2026 09:00 AM ET Company ParticipantsJennifer Lacey - Manager of Legal AffairsKannan Sugantharaman - CFO and COONirav Patel - CEOConference Call ParticipantsLisa Thompson - Senior Analyst of TechnologyMarc Riddick - Senior Equity AnalystOperatorDay, and thank you for standing by. Welcome to the Mastech Digital Fourth Quarter 2025 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker's presentation ...

Financial Data and Key Metrics Changes - In 2025, the company achieved a revenue of $7.1 billion, representing a 7% increase year-over-year, with adjusted EBITDA growing 11% to $656 million [10][11] - Adjusted earnings per share (EPS) increased by 34% to $1.22, marking the highest total revenue and leasing revenue in company history [5][10] - The company generated over $290 million in free cash flow, achieving a conversion rate of 103%, which is a $126 million improvement compared to 2024 [11] Business Line Data and Key Metrics Changes - Capital Markets revenue grew by 15% globally, with a notable 19% increase in the Americas [12][16] - The leasing business also performed well, growing 5% in the fourth quarter and reaching the highest quarterly level ever for the company [12][14] - Services revenue increased by 6% globally, driven by strong project management revenues [16][55] Market Data and Key Metrics Changes - In the Americas, leasing grew 5%, with strong performance in office and industrial sectors [14] - In APAC, leasing revenue increased by 5%, supported by growth in India and improvements in Greater China [15] - EMEA leasing grew by 7%, led by strong performance in the Netherlands, Belgium, and Poland [15] Company Strategy and Development Direction - The company aims for 15%-20% annual adjusted EPS growth over the next three years, with a focus on moving up the value chain and leveraging AI for operational efficiency [6][17] - The strategic priorities include enhancing cross-selling between business lines and utilizing AI to improve data flow and decision-making processes [35][36] - The company plans to continue deleveraging, targeting a leverage ratio of 2x by 2028 [17][38] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ongoing recovery of Capital Markets and the resilience of the industrial sector, driven by strong e-commerce trends [48][66] - The company anticipates revenue growth of 6%-8% in 2026, with similar service line growth trends as in 2025 [17] - Management believes that AI will enhance the role of trusted advisors rather than replace them, particularly in complex commercial real estate transactions [22] Other Important Information - The company recorded a $177 million impairment related to its Greystone joint venture due to lower future earnings expectations [12][13] - The company has a strong cash position with approximately $800 million in cash and cash equivalents, and $1.8 billion in total liquidity [11] Q&A Session Summary Question: Concerns about AI impacting mid-market brokerage businesses - Management believes concerns about AI disintermediating commercial real estate brokerage are overstated, as complex negotiations will still require trusted advisors [22] Question: EMEA margin growth confidence - Management expressed confidence in EMEA margin growth despite a slight decline in the fourth quarter, attributing it to one-time expenses [23] Question: Risks across different property types due to AI - Management highlighted ongoing research into AI's impact across various sectors and encouraged attendance at an upcoming call to discuss practical tools for clients [25][26] Question: 2026 guidance on leasing and capital markets revenue growth - Management expects 2026 to unfold similarly to 2025, with strong leasing growth and a positive outlook for capital markets [29] Question: Cross-selling initiatives for 2026 - Management is focusing on desiloing the organization and enhancing data flow to support cross-selling efforts [35] Question: Capital allocation strategy and potential for share buybacks - Management is evaluating share buybacks but prioritizes organic growth and deleveraging [51] Question: Exposure to the office sector and its risks - Management noted that they do not operate in Class B office space, which is more vulnerable to disruption, and emphasized their focus on velocity in transactions [43] Question: Hiring strategy for 2026 - Management plans to maintain a substantial budget for recruiting, particularly in institutional capital markets and leasing [61]

Group 1: Company Developments - Carnival Corporation & plc announced the opening of new voyages by the Holland America Line for 2027-2028, featuring around three dozen itineraries in popular vacation regions such as Mexico, Hawaii, the Panama Canal, and the Pacific Coast, with longer stays in Honolulu and extended exploration of Mexico's Sea of Cortez [1] - The company received a Buy rating reaffirmation from Citi on January 14, with a price target set at $39 [2] - TD Cowen raised the price target for Carnival Corporation to $38 from $35 on January 13 while maintaining a Buy rating, citing strong underlying cruise demand and favorable capacity trends through fiscal 2029 despite temporary Caribbean yield headwinds [3] Group 2: Company Overview - Carnival Corporation & plc operates as a global cruise and luxury leisure travel company, with a diverse portfolio of cruise lines including AIDA Cruises, Carnival Cruise Line, Princess Cruises, Costa Cruises, Cunard, Holland America Line, and P&O Cruises (Australia), among others. Its operations are segmented into North America cruise operations, Europe cruise operations, Cruise Support, and Tour and Other [4]

Cushman & Wakefield (NYSE:CWK) Q4 2025 Earnings call February 19, 2026 09:00 AM ET Speaker8Good day, and welcome to the Cushman & Wakefield fourth quarter and full year 2025 earnings call. 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. To ask a question, you may press star then one on a touch-tone phone. To withdraw your questi ...

Core Insights - SKYX Platforms Corp. has announced a collaboration with NVIDIA AI Ecosystem Connect Program, aiming to enhance its smart home projects and technologies [1] - The company has launched its patented SKYFAN and Turbo Heater at major U.S. retailers, including Home Depot, Target, Walmart, and Lowe's, and expects significant growth in these product lines [1] - SKYX has reported a consistent revenue increase for seven consecutive quarters and anticipates further growth and business opportunities in 2026 [1][2] Financial Performance - As of September 30, 2025, the company reported $13 million in cash and equivalents, and has since raised over $33 million, including a $25 million investment at $2.50 per share [2] - The company has extended $13.5 million in notes due until 2030, strengthening its balance sheet for growth initiatives [2] - SKYX expects to deploy over 100,000 products into homes and units by the end of 2026 through retail and professional segments [2] Product Development and Market Expansion - The company is launching an AI-driven software for its e-commerce platform, projected to increase conversion rates and sales by up to 30% [2] - SKYX has secured strategic manufacturing partnerships globally, including in the U.S., Vietnam, Taiwan, China, and Cambodia [3] - The company aims to deploy over 1 million units of its smart home technologies in various upcoming projects, including a $4 billion smart city in Miami and developments in Saudi Arabia and Egypt [1] Safety and Standardization Efforts - SKYX's Safety Code Standardization Team is making progress towards mandatory safety standards for its ceiling outlet technology, supported by industry veterans [7] - The company believes its products can significantly reduce costs for insurance companies by minimizing risks such as fires and electrocutions [7] - SKYX's technologies are positioned to become a standard feature in homes and buildings, with a total addressable market in the U.S. estimated at $500 billion [7]