Core Insights - Vertex (VERX) reported revenue of $194.71 million for Q4 2025, marking a year-over-year increase of 9.1% and exceeding the Zacks Consensus Estimate by 0.29% [1] - The earnings per share (EPS) for the same quarter was $0.17, up from $0.15 a year ago, with an EPS surprise of 1.74% [1] Financial Performance Metrics - Annual Recurring Revenue (ARR) reached $671 million, slightly above the average estimate of $669.76 million [4] - The Net Revenue Retention Rate was reported at 105%, compared to the average estimate of 106.4% [4] - Revenue from Services was $28.49 million, exceeding the average estimate of $25.92 million, reflecting a year-over-year increase of 10.2% [4] - Revenue from Software Subscriptions was $166.23 million, slightly below the average estimate of $168.4 million, with a year-over-year increase of 8.9% [4] Stock Performance - Vertex shares have declined by 24.6% over the past month, contrasting with a minor decline of 0.3% in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]

Core Insights - James Hardie (JHX) reported a revenue of $1.24 billion for the quarter ended December 2025, marking a year-over-year increase of 30.1% and exceeding the Zacks Consensus Estimate by 2.7% [1] - The earnings per share (EPS) for the same period was $0.24, down from $0.36 a year ago, but it surpassed the consensus EPS estimate of $0.23 by 6.67% [1] Revenue Breakdown - Siding & Trim revenues reached $788.3 million, exceeding the average estimate of $772.8 million from four analysts [4] - Deck, Rail & Accessories generated $194.1 million, compared to the estimated $189.11 million from four analysts [4] - Australia & New Zealand revenues were $126.5 million, surpassing the average estimate of $124.27 million from three analysts [4] - Europe revenues totaled $130.9 million, exceeding the two-analyst average estimate of $120.96 million [4] EBITDA Performance - Adjusted EBITDA for Deck, Rail & Accessories was $48.7 million, compared to the average estimate of $47.84 million from four analysts [4] - Adjusted EBITDA for Siding & Trim reached $268.6 million, exceeding the average estimate of $253.85 million from four analysts [4] - EBITDA for Europe was reported at $16.6 million, surpassing the three-analyst average estimate of $14.01 million [4] - Adjusted EBITDA for Australia & New Zealand was $41.2 million, slightly below the three-analyst average estimate of $41.9 million [4] Stock Performance - Shares of James Hardie have returned +0.7% over the past month, while the Zacks S&P 500 composite remained unchanged [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential outperformance against the broader market in the near term [3]

Core Viewpoint - Kilroy Realty (KRC) reported a revenue of $272.19 million for the quarter ended December 2025, reflecting a year-over-year decline of 5% but exceeding the Zacks Consensus Estimate by 0.58% [1] Financial Performance - Earnings per share (EPS) for the quarter was $0.97, compared to $0.50 a year ago, indicating a significant improvement [1] - The EPS surprise was -1.12% against the consensus estimate of $0.98 [1] - Net earnings per share (diluted) was reported at $0.10, falling short of the average estimate of $0.28 based on two analysts [4] Revenue Breakdown - Rental income was reported at $267.36 million, slightly above the two-analyst average estimate of $266.45 million [4] - Other property income was $4.82 million, exceeding the two-analyst average estimate of $4.37 million [4] - The year-over-year change in other property income was -4% [4] Stock Performance - Kilroy Realty shares have returned -12.2% over the past month, contrasting with the Zacks S&P 500 composite's -0.2% change [3] - The stock currently holds a Zacks Rank 4 (Sell), suggesting potential underperformance relative to the broader market in the near term [3]

Core Insights - SS&C Technologies reported revenue of $1.65 billion for the quarter ended December 2025, reflecting an 8.1% increase year-over-year and surpassing the Zacks Consensus Estimate of $1.63 billion by 1.45% [1] - The company's EPS for the quarter was $1.69, up from $1.58 in the same quarter last year, exceeding the consensus EPS estimate of $1.62 by 4.48% [1] Financial Performance Metrics - Adjusted revenues from license, maintenance, and related services were $289.4 million, exceeding the three-analyst average estimate of $272.73 million, with a year-over-year change of 4.9% [4] - Adjusted revenues from software-enabled services reached $1.37 billion, slightly above the three-analyst average estimate of $1.36 billion, marking an 8.8% increase year-over-year [4] - Total revenues from license, maintenance, and related services were reported at $289.4 million, compared to the average estimate of $279.24 million based on two analysts, indicating a 5% year-over-year change [4] - Total revenues from software-enabled services were $1.36 billion, slightly above the estimated $1.35 billion by two analysts [4] Stock Performance - SS&C Technologies' shares have declined by 16.7% over the past month, contrasting with a 0.5% increase in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 4 (Sell), suggesting potential underperformance relative to the broader market in the near term [3]

Core Insights - Cousins Properties (CUZ) reported a revenue of $253.34 million for the quarter ended December 2025, reflecting a 15% increase year-over-year and a surprise of +0.49% over the Zacks Consensus Estimate of $252.1 million [1] - The earnings per share (EPS) for the quarter was $0.71, significantly higher than $0.09 in the same quarter last year, aligning with the consensus EPS estimate [1] Revenue Breakdown - Rental property revenues were reported at $253.34 million, exceeding the two-analyst average estimate of $244.68 million, with a year-over-year change of +15% [4] - Other revenues amounted to $1.16 million, surpassing the two-analyst average estimate of $0.8 million, but showing a significant year-over-year decline of -74.9% [4] - Fee income was reported at $0.53 million, matching the average estimate from two analysts, and representing a year-over-year increase of +9.8% [4] Stock Performance - Shares of Cousins Properties have returned +0.6% over the past month, slightly outperforming the Zacks S&P 500 composite's +0.5% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]

Financial Data and Key Metrics Changes - In Q4 2025, the company reported sales of $751 million, with core sales increasing by 10.8% year-over-year, benefiting from foreign exchange (FX) which added nearly 400 basis points [15][19] - Adjusted EBITDA margin for Q4 was 14.8%, a 90 basis point improvement from the previous year, driven by volume, price, and productivity [16][21] - Adjusted EPS for Q4 was $0.38, up more than 50% from Q4 2024, supported by strong operating profits and share repurchases [13][16] - For the full year 2025, sales reached $2.7 billion, with core sales increasing by 6.5% [17][18] - Adjusted EBITDA for 2025 was up 26%, resulting in a margin of around 14%, a 2-point improvement over 2024 [13][18] Business Line Data and Key Metrics Changes - Specialty Products & Technologies revenue grew nearly 16% year-on-year, with core sales up 10.9% [22] - The orthodontics business, Spark, experienced high single-digit growth, aided by a deferral change [22] - The Equipment and Consumables segment saw core sales increase by 10.7%, with diagnostic core sales up double digits globally [24] Market Data and Key Metrics Changes - The North American diagnostic market returned to growth in the second half of 2025, marking the third consecutive quarter of positive growth across all business lines [31] - The global implant market is estimated to be growing mid-single digits, with the company slightly outperforming this growth in Q4 [70] Company Strategy and Development Direction - The company is focused on a Value Creation Plan aimed at achieving 2%-4% core growth, 4%-7% EBITDA growth, and 7%-10% EPS growth, with a free cash flow conversion target of 100% or better [7][30] - The company is investing in new product development and customer training, with a significant increase in R&D investment in 2025 [8][10] Management's Comments on Operating Environment and Future Outlook - Management noted that the dental market remains slow but stable, with signs of improvement beginning to emerge [31] - The company expects core revenue growth of 2%-4% for 2026, aligning with medium-term financial objectives [14][26] - Management highlighted potential upsides in diagnostics and consumables, while also acknowledging risks related to macroeconomic volatility and the Chinese market [39][40] Other Important Information - The company implemented a $250 million share repurchase program in early 2025, returning over $160 million to shareholders throughout the year [9][25] - The non-GAAP tax rate for Q4 was 30.3%, with expectations for a reduction to approximately 28% in 2026 due to improved profitability [16][29] Q&A Session Summary Question: Can you discuss guidance and potential upsides and risks? - Management indicated that the core guidance for 2026 is 2%-4%, with upsides including momentum in growth and potential improvements in diagnostics and consumables [34][35] - Risks include macroeconomic volatility and uncertainties in the Chinese market [40][41] Question: What are the expectations for the tax rate? - The expected tax rate for 2026 is around 28%, with potential for further reductions depending on U.S. profit improvements and debt management [46][48] Question: What is the status of VBP for ortho and implants? - Management expects a first-round VBP for ortho and a second-round VBP for implants in 2026, but specific timing remains uncertain [51][53] Question: How did the company achieve higher growth in Q4 compared to previous guidance? - Management attributed the growth to a strong performance in the China ortho market and better-than-expected results in implants [59][64] Question: How do new products contribute to growth? - Management noted that while new products are expected to launch in 2026, their impact was not significant in 2025, with growth driven by pricing and market conditions [70][72]

Core Insights - Patrick Industries (PATK) reported revenue of $924.17 million for the quarter ended December 2025, reflecting a year-over-year increase of 9.2% [1] - Earnings per share (EPS) for the quarter was $0.84, up from $0.52 in the same quarter last year, representing a surprise of +13.51% over the consensus estimate of $0.74 [1] - The reported revenue exceeded the Zacks Consensus Estimate of $867.48 million by +6.54% [1] Financial Performance - The company’s shares have returned +19.2% over the past month, significantly outperforming the Zacks S&P 500 composite, which saw a change of +0.5% [3] - Patrick Industries currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3] Market Segment Performance - Net Sales in the Recreational Vehicle market reached $392 million, surpassing the average estimate of $371.33 million, with a year-over-year change of +9.5% [4] - Net Sales in the Powersports market were reported at $109 million, exceeding the estimated $81.87 million, marking a significant year-over-year increase of +39.2% [4] - Net Sales in the Marine market totaled $150 million, compared to the average estimate of $124.33 million, reflecting a year-over-year change of +23.2% [4]

Core Insights - Flex reported revenue of $7.06 billion for the quarter ended December 2025, reflecting a year-over-year increase of 7.7% and surpassing the Zacks Consensus Estimate of $6.81 billion by 3.62% [1] - The company's EPS for the quarter was $0.87, an increase from $0.77 in the same quarter last year, and exceeded the consensus EPS estimate of $0.79 by 10.69% [1] Financial Performance - Flex Reliability Solutions generated net sales of $3.24 billion, exceeding the average estimate of $3.16 billion by analysts, representing a year-over-year increase of 9.6% [4] - Flex Agility Solutions reported net sales of $3.82 billion, surpassing the estimated $3.66 billion, with a year-over-year change of 6.1% [4] - Segment income for Flex Reliability Solutions was $233 million, above the average estimate of $200.73 million [4] - Segment income for Flex Agility Solutions reached $239 million, exceeding the average estimate of $228.9 million [4] Stock Performance - Over the past month, shares of Flex have returned -4.1%, contrasting with the Zacks S&P 500 composite's increase of 0.5% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]

Core Insights - Symbotic Inc. reported a revenue of $629.99 million for the quarter ended December 2025, reflecting a year-over-year increase of 29.4% [1] - The earnings per share (EPS) for the quarter was $0.39, a significant improvement from -$0.03 in the same quarter last year, resulting in an EPS surprise of +408.48% compared to the consensus estimate of $0.08 [1] Revenue Breakdown - Software maintenance and support revenue reached $10.89 million, exceeding the average estimate of $10.17 million by analysts, marking a year-over-year increase of 97% [4] - Revenue from systems was $590.29 million, slightly above the estimated $587.91 million, representing a 27.2% increase compared to the previous year [4] - Operation services revenue was reported at $28.81 million, surpassing the average estimate of $25.66 million, with a year-over-year growth of 68.4% [4] Stock Performance - Over the past month, shares of Symbotic Inc. have declined by 20.3%, contrasting with a 0.9% increase in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]

Core Insights - Modine (MOD) reported $805 million in revenue for the quarter ended December 2025, marking a year-over-year increase of 30.5% and exceeding the Zacks Consensus Estimate by 5.9% [1] - The earnings per share (EPS) for the same period was $1.19, up from $0.92 a year ago, representing a surprise of 19.96% over the consensus estimate of $0.99 [1] Financial Performance - Net Sales in Performance Technologies reached $266 million, surpassing the two-analyst average estimate of $252.69 million, with a year-over-year change of +1.5% [4] - Net Sales in Climate Solutions amounted to $544.6 million, exceeding the two-analyst average estimate of $522.14 million, reflecting a significant year-over-year change of +50.9% [4] - Adjusted EBITDA for Climate Solutions was reported at $97.4 million, higher than the average estimate of $88.77 million from two analysts [4] - Adjusted EBITDA for Corporate and eliminations was -$17.1 million, compared to the average estimate of -$15.26 million [4] - Adjusted EBITDA for Performance Technologies was $39.3 million, exceeding the two-analyst average estimate of $35.22 million [4] Stock Performance - Modine's shares have returned +53.5% over the past month, significantly outperforming the Zacks S&P 500 composite's +0.9% change [3] - The stock currently holds a Zacks Rank 1 (Strong Buy), indicating potential for outperformance in the near term [3]