本报记者 李夏至每年除夕夜，天南海北的目光锁定央视春晚；而大年初一的电视荧屏则是省级卫视春 晚争奇斗艳的"比武场"。今年，以"春风得意马蹄吉"为主题的北京广播电视台春节联欢晚会，成就了省 级卫视春晚收视十三连冠的佳绩。不知不觉间，"除夕看央视，大年初一看北京"已从一句口号，沉淀为 广大观众的收视习惯。而四十年间不断写下与时代共振的烟火诗篇，北京台春晚也成为北京新春文化盛 宴中不可或缺的品牌。"从小家到大家"的荧屏盛宴地方春晚从来都是百姓的联欢，观众的荧屏盛宴。 1986年，北京电视台第一次在大年初一以晚会形式向千家万户送去春节问候，自此开启北京台春晚为京 城百姓奉献荧屏盛宴的优良传统。1991年，北京电视台更是从当年的大年初一到正月十五，准备了十多 台文艺晚会，为观众奉献春节荧屏大餐。此后，几乎每年春节期间，北京电视台都有连台晚会播出，创 新手段层出不穷。2010年2月6日，全国第一台三网（电视、互联网、手机）融合的春节晚会就登陆北京 卫视，打出了"连播七天，天天看春晚"的招牌。2013年，北京台春晚以"从小家到大家"的递进式情感线 索与真挚朴素的情感表达，结合创新的表现形式，推出四对演艺夫妇的《家庭组曲联唱 ...

Summary of International Flavors & Fragrances (IFF) Conference Call Company Overview - **Company**: International Flavors & Fragrances (NYSE:IFF) - **Date**: February 19, 2026 - **Key Speakers**: CFO Michael DeVeau, Yuvraj Arora (Taste Division), Leticia Gonçalves (Health & Biosciences), Ana Paula Mendonça (Scent Division) Core Industry Insights - **Industry**: Flavors and Fragrances - **Market Dynamics**: The industry is characterized by high barriers to entry, steady growth, and good margins. IFF represents 1%-5% of product costs but accounts for 50% of consumer purchasing decisions due to taste and smell [4][5][6]. Financial Performance - **Sales Growth**: IFF achieved $2.5 billion in net sales in 2025 with a 4% organic top-line growth and 10% EBITDA growth [19][28]. - **EBITDA Margins**: The Taste division reported a 19% EBITDA margin, while the Scent division achieved a 21% EBITDA margin [19][41]. - **Capital Structure**: IFF divested 11 businesses, generating $6 billion in proceeds, which improved their capital structure from 4.5 times net cash and credit-adjusted EBITDA in 2023 to 2.6 times [9][13]. Strategic Initiatives - **Portfolio Optimization**: Focus on divesting lower-margin businesses and reinvesting in higher-margin opportunities. The average gross margin of divested businesses was 29%, compared to a projected 36% for the remaining portfolio by 2025 [12][13]. - **Capital Expenditure**: Planned CapEx spending is projected to increase from 4% in 2024 to around 6% in 2026, focusing on capacity expansion and digital transformation [10][11]. - **Share Buyback Program**: IFF authorized a $500 million share buyback program for the first time in several years, indicating confidence in the intrinsic value of the business [14]. Division-Specific Highlights Taste Division - **Market Size**: The flavors market is estimated at $16-$17 billion, growing at 3%-4% annually [18]. - **Competitive Position**: IFF holds leading positions in key markets like India, Indonesia, and the U.S. and has a unique go-to-market model called Taste One for smaller customers [19][20]. - **Innovation Focus**: Emphasis on AI for flavor development and concept creation, reducing innovation timelines for customers [20][21]. Health & Biosciences Division - **Market Size**: The health and biosciences market is valued between $12 billion and $20 billion, growing at 2.5% annually [31]. - **Product Reach**: IFF's probiotics are in one out of three probiotic supplements and yogurts globally, indicating strong market penetration [30]. - **R&D Investment**: IFF invests $220 million annually in R&D, representing 9% of turnover, with 34% of revenue coming from new product launches in the last five years [35]. Scent Division - **Sales Performance**: The Scent division achieved $2.5 billion in sales with 22 consecutive quarters of growth [41][56]. - **Innovation in Fragrance**: IFF has pioneered fragrance encapsulation and is focusing on sustainable solutions and personalization trends driven by younger consumers [44][48]. - **Market Trends**: The division is adapting to clean label demands and the growing role of scent in health and well-being [48][49]. Conclusion - **Growth Strategy**: IFF aims for mid-single-digit top-line growth and high-single-digit EBITDA growth, focusing on innovation, portfolio optimization, and strategic market penetration [28][40][56]. - **Long-term Vision**: The company is committed to leveraging its diversified business model and strong R&D capabilities to drive sustainable growth and value creation [4][28].

Kimberly-Clark (NYSE:KMB) 2026 Conference February 19, 2026 11:00 AM ET Company ParticipantsCraig Slavtcheff - Chief R&D OfficerMike Hsu - Chairman and CEOPatricia Corsi - Chief Growth OfficerRuss Torres - President and COONone - Video NarratorOperatorHi, everyone. Our next presenter is Kimberly-Clark, which is currently in the midst of one of the largest transactions and biggest corporate transformations in CPG history. The team is led by Chairman and CEO, Mike Hsu. Since taking the helm as CEO in 2019, Mi ...

I'm Brett Winton from Arc Invest. Welcome to the great acceleration. Here's top three takeaways from the great acceleration piece in big ideas 2026.One, uh this is an an investment cycle in technology that is unprecedented in history. We think this investment cycle will exceed even the buildout of the railroad in the late 1800s. that should yield a transformation in GDP because um the you get the burst of activity in uh a company the underlying investment cycle data centers are driving GDP growth today and ...

"There are lots of gems in Europe that are ready to scale."Kembara co-founder Yann de Vries says Europe doesn't lack innovation or startups, it lacks growth capital https://t.co/YOjarbFi4F https://t.co/ZJvR33P9MA ...

The 20 companies making their debut on our eleventh annual #Fintech50 show that despite a deflated funding market, founders are continuing to innovate at a rapid pace. https://t.co/7WovRZwtXw (Photo: Possible Finance) https://t.co/wzuxcmcKvC ...

Live from New Delhi. This is inside with Haslinda Amin, where we will dig into India's fast rising artificial intelligence ambitions and the shockwaves hitting the country's storied I. T.giants. As India hosts one of the world's biggest AI summits. We speak live with Schneider Electric CEO Olivia Bloom, ServiceNow president and CEO Omid Zaveri and Fractal Analytics co-founder and CEO.Trick on the Alarm, uncanny about how this technology is reshaping the world. And we bring you more from our conversations wi ...

Core Insights - Kinepolis reported solid results for 2025 despite a challenging environment, with a revenue decline limited to -2.3% and a visitor drop of -5.8% compared to the previous year [1] - The adjusted EBITDAL for 2025 was € 128.2 million, reflecting a decrease of -3.4%, while the adjusted net result remained nearly unchanged from 2024 [1] - Excluding negative currency effects, revenue decline was only -0.3%, amounting to € 576.6 million, with adjusted EBITDAL at € 130.2 million, down -1.9% [1] - The start of 2026 is promising due to successful films and strategic acquisitions, positioning Kinepolis well for future growth [1] Financial Performance - Revenue decline of -2.3% in 2025, with a visitor decrease of -5.8% [1] - Adjusted EBITDAL of € 128.2 million, down -3.4% [1] - Adjusted net result remained stable compared to 2024 [1] - Revenue excluding currency effects declined by -0.3% to € 576.6 million [1] - Adjusted EBITDAL excluding currency effects was € 130.2 million, down -1.9% [1] Strategic Developments - Successful refinancing with a new € 160 million revolving credit facility and a public bond issuance of € 150 million [6] - Commitment to premiumization with the addition of new IMAX screens, ScreenX, and Laser ULTRA auditoriums [6] - Renovation of several cinemas, including locations in France and Canada [6] - Acquisition of US-based Emagine Entertainment to enhance market presence [6] - Transition to sustainable laser projection with 75% of screens equipped [6]

Summary of Stanley Black & Decker FY Conference Call Company Overview - **Company**: Stanley Black & Decker (NYSE: SWK) - **Date of Conference**: February 18, 2026 Key Points Industry and Market Environment - The company is navigating a stable operating environment compared to the previous year's volatility caused by tariffs [11] - The demand outlook is expected to be more predictable, with a focus on adjusting pricing strategies to maintain margins [11][12] Financial Performance and Strategy - Completed a transformation cost-out program, achieving $2.1 billion in cost reductions [4] - Aiming for a 3% annual gross productivity improvement in cost of goods sold (COGS) to fuel brand investments [4] - Confidence in maintaining gross margins between 34%-35% by the end of the year, despite a challenging market backdrop [75][88] Brand and Product Development - Focus on activating core brands: DEWALT, STANLEY, and CRAFTSMAN, with significant product launches planned [3][5] - DEWALT has seen market share expansion due to targeted investments in market activation and product development [40] - STANLEY is undergoing a revitalization with a new product line aimed at small construction contractors, expected to roll out significantly in 2026 and 2027 [42][43] - CRAFTSMAN is being repositioned as a DIY brand with a focus on launching a suite of essential power tools aimed at the DIY market [54][58] Operational Excellence - The company is committed to driving operational excellence through lean capabilities and optimizing production footprints [4][65] - Plans to exit China for production by the end of the year, aiming for over 75% USMCA qualification for products [74] Market Share and Competitive Landscape - No significant structural changes in market share within the tools and outdoor business, but confidence in gaining share in professional channels [13][14] - The DIY segment has been weaker, with adjustments needed for price-sensitive items [15] Pricing Strategy - Implemented price increases to mitigate tariff impacts, with ongoing adjustments to pricing levels based on market conditions [10][11] - Observed increased price sensitivity in entry-level products, necessitating recalibration of promotional strategies [29][30] Future Outlook - Anticipates organic volume growth in industrial and automotive sectors, with a focus on high-growth verticals like solar [22] - Plans to continue evaluating the outdoor portfolio, with a shift to a licensing model for gas walk-behind products to optimize resource allocation [93][94] Conclusion - The company is optimistic about its growth trajectory, driven by innovation, operational improvements, and strategic brand management, while navigating a more stable market environment [5][11][88]

Group 1 - The company emphasizes the importance of innovation as a key factor for consistent outperformance in a competitive landscape [2] - The CEO highlights the latest investments being made and the impact of AI on the company's approach to innovation [2] - The conference setting in Miami is noted, indicating a positive atmosphere for discussions on innovation and strategy [2]