Financial Data and Key Metrics Changes - Total revenues for the second quarter reached $5.18 billion, a 2% increase from the prior year quarter [14] - Adjusted EBITDA was $692 million, down from $781 million in the prior year quarter due to higher expenses [15] - Net income attributable to stockholders was $229 million or $0.52 per share, compared to $373 million or $0.81 per share in the prior year [15] Business Line Data and Key Metrics Changes - Cable segment revenues were $2.28 billion with an Adjusted EBITDA of $687 million, both representing a 5% growth year-over-year [16] - Television segment reported revenues of $2.94 billion, with advertising revenues unchanged due to the absence of last year's political advertising [17] - Distribution revenue grew 4% during the quarter, with subscriber declines improving sequentially [6] Market Data and Key Metrics Changes - Advertising revenue grew 1% despite a difficult comparison to last year's political cycle, driven by strong linear pricing and robust revenue growth at Tubi [14] - FOX News Digital saw a 170% increase in social media views over the prior year [8] - Tubi achieved its most streamed quarter of all time, with total view time growing 27% year-over-year [10] Company Strategy and Development Direction - The company emphasizes a strategy focused on live sports and news, alongside the growth of Tubi and FOX One [11] - FOX One has exceeded expectations with strong consumer engagement, particularly among sports fans [39] - The company is committed to maintaining a strong balance sheet and delivering sustained growth and shareholder value [12] Management's Comments on Operating Environment and Future Outlook - Management noted robust advertising market conditions and expects continued strength in political advertising as the midterm elections approach [25] - The company is optimistic about the upcoming FIFA Men's World Cup and its potential profitability [27] - Management expressed confidence in the strategic direction and the ability to offset increased costs in the NFL contracts [33] Other Important Information - The company repurchased an additional $1.8 billion in shares, bringing the total cumulative amount repurchased to $8.4 billion since the buyback program began [19] - A semiannual dividend of $0.28 per share was announced, contributing to a total cumulative cash return to shareholders of approximately $10.4 billion [19] Q&A Session Summary Question: Can you discuss the standout performance in cable advertising? - Management highlighted a robust advertising market for Fox News, with a significant increase in new advertisers and strong scatter pricing [25] Question: How do you plan to offset increased costs in the NFL? - Management indicated that they can offset some costs by balancing their sports portfolio and expect a robust political advertising cycle to benefit them [33] Question: What is the performance outlook for FOX One? - Management reported that FOX One has exceeded expectations, with a significant portion of its audience being sports fans, and they are on track to meet subscriber benchmarks [39] Question: Can you elaborate on the improvement in subscriber declines? - Management noted a 6.3% decline in subscribers, which is an improvement, and attributed it to the emergence of skinny bundles in the cable universe [45] Question: What are the growth drivers for Tubi? - Management stated that Tubi's growth is driven by a 27% increase in total view time and strong advertising trends, particularly among younger audiences [48]

Core Insights - PepsiCo reported higher profit and revenues in its fourth quarter, exceeding market estimates, and maintained its fiscal 2026 outlook with growth expectations [1][2] - The company announced a 4 percent increase in its annualized dividend to $5.92 per share and a share buyback program of up to $10 billion [3][4] Financial Performance - Net income attributable to PepsiCo rose to $2.54 billion from $1.52 billion year-over-year, with earnings per share increasing 68 percent to $1.85 from $1.11 [3] - Core earnings per share were $2.26, compared to $1.96 last year, surpassing analysts' expectations of $2.24 [4] - Net revenue for the quarter grew 5.6 percent to $29.34 billion from $27.78 billion, with organic revenue increasing by 2.1 percent [4] Future Outlook - For fiscal 2026, PepsiCo expects organic revenue growth between 2 and 4 percent and core constant currency earnings per share growth between 4 and 6 percent [2] - The company aims to enhance growth by restaging global brands, introducing product innovations, and improving productivity savings [2]

PepsiCo reports better-than-expected fourth-quarter profit, buoyed by strong international demand, and announced a $10 billion share buyback https://t.co/aszuN7d60i ...

Core Viewpoint - Vallourec SA has initiated a share buyback program as authorized by its shareholders, reflecting the company's strategy to enhance shareholder value through repurchasing its own shares [2]. Group 1: Share Buyback Program - The share buyback program was authorized during the Shareholders' General Meeting on May 22, 2025 [2]. - The total volume of shares repurchased from January 26, 2026, to January 30, 2026, amounted to 543,876 shares, with a daily weighted average purchase price of €17.8385 [3]. Group 2: Transaction Details - On January 26, 2026, Vallourec repurchased a total of 110,000 shares across multiple transactions at prices ranging from €17.6853 to €17.7459 [3]. - On January 27, 2026, the company bought back 110,000 shares, with prices between €17.6432 and €17.6625 [3]. - On January 28, 2026, Vallourec repurchased 115,000 shares, with prices ranging from €17.8083 to €17.8392 [3]. - On January 29, 2026, the total repurchased shares were 98,876, with prices from €18.2033 to €18.2496 [3]. - On January 30, 2026, the company bought back 90,000 shares at prices between €17.7784 and €17.8281 [3]. Group 3: Company Overview - Vallourec is a global leader in premium tubular solutions, serving energy markets and industrial applications, including oil and gas wells and power plants [4]. - The company employs nearly 13,000 people across more than 20 countries, focusing on innovative and competitive tubular solutions [4]. - Vallourec is listed on Euronext Paris and is part of several indices, including CAC Mid 60 and SBF 120 [5].

Performance Overview - The portfolio return on a local currency basis for the quarter ending 31 October 2025 was 1.6%, with a total return of 2.4% for NAV per share [12][14] - The share price total return for the year was 28.1%, outperforming the FTSE All-Share Index total return of 22.5% [12][14] - Over the last five years, the annualized NAV per share total return was 12.8% [14] Investment Activity - Total new investments for Q3 FY26 amounted to £25 million, bringing the year-to-date total to £138 million [2][18] - Total proceeds during Q3 were £82 million, with 45 full exits completed over the last twelve months, achieving a weighted average uplift to carrying value of 11.1% [2][18] - The closing portfolio value as of 31 October 2025 was £1,391 million, with 50% in primary investments, 35% in direct investments, and 15% in secondary investments [12][18] Financial Position - The company maintained a robust balance sheet with a gearing ratio of 3% and total available liquidity of £230 million as of 31 October 2025 [2][20] - The cash balance at the end of the period was £18.4 million, with drawn debt of £51.5 million [22] - The company has undrawn commitments of £416 million to funds in their investment period and £165 million to funds outside their investment period [19] Dividend and Share Buyback - A Q3 dividend of 9p per share was declared, with the Board increasing FY26 dividend guidance to 39p per share, up from 36p in FY25 [2][23] - Since the launch of the long-term buyback program in October 2022, the company has repurchased 8.4% of its opening shares, contributing 71p (3.5%) to NAV per share total return [2][21]

Adidas reported stronger-than-expected fourth-quarter profits and announced a new share buyback as it looks to sustain momentum from retro sneakers and new running and football products https://t.co/m1TiHdNAca ...

Alt5 Sigma, a thinly traded financial-technology firm with ties to a Trump family crypto venture, authorized a share buyback of up to $100 million, enough to repurchase as many as 50 million shares https://t.co/00ko03suH1 ...

Financial Data and Key Metrics Changes - In Q4 2025, home closing revenue was $1.4 billion, a 12% decrease year-over-year due to a 7% lower home closing volume and a 5% decrease in average selling price (ASP) to $375,000 per home [20][27] - Adjusted diluted EPS decreased by 30% year-over-year to $1.67 from $2.39 in Q4 2024 [27] - The company achieved a 19.3% adjusted home closing gross margin, down from 23.3% in Q4 2024 [21][27] - Full year 2025 home closing revenue decreased by 9% to $5.8 billion [27] Business Line Data and Key Metrics Changes - Q4 2025 sales orders totaled 3,224, reflecting a 2% decrease year-over-year, primarily due to an 18% decline in average absorption rates [12] - The cancellation rate increased to 14%, slightly below the historical average [12] - The average absorption pace for the full year 2025 was 3.9, better than broader market trends [7] Market Data and Key Metrics Changes - Demand patterns in Q4 were localized, with stronger performance in Dallas, Houston, and North and South Carolina, while facing lower demand in Austin, San Antonio, and parts of Florida [15] - The company anticipates continued impact from elevated mortgage interest rates and job security concerns in the near term [8] Company Strategy and Development Direction - The company is focused on a balanced approach to capital allocation, including share repurchases and land acquisitions [9] - A commitment to redeploy $400 million towards share buybacks in 2026 was announced, indicating the stock is viewed as undervalued [11] - The strategy includes maintaining a competitive edge through a 60-day closing guarantee and realtor engagement [34] Management's Comments on Operating Environment and Future Outlook - Management noted that long-term housing demand is supported by favorable demographics and an undersupply of affordable homes [8] - The company expects the spring selling season to improve compared to Q4 2025, with signs of better demand in January [48] - Management remains cautious about the impact of consumer confidence and affordability on future sales [44] Other Important Information - The company returned $179 million to shareholders in Q4 2025 through buybacks and dividends, significantly up from $67 million in the same period last year [30] - The balance sheet remained healthy with cash of $775 million and no debt drawn on the credit facility [29] Q&A Session Summary Question: 2026 outlook and absorption pace - Management indicated a temporary refocus on margin rather than chasing incentives due to elevated inventory levels in Q4, with expectations for improved returns in Q1 and Q2 [35][36] Question: Specs and inventory management - Approximately 50% of specs are nearing completion, with a target to have one-third ready for quick move-in [39] Question: Community count guidance - The 5%-10% community count growth is based on year-end figures, indicating continued expansion [40] Question: Margin guidance and seasonality - Management acknowledged typical seasonal margin pressure and expects a flattish margin guide for Q1 [41] Question: Demand trends and selling season expectations - Management expressed optimism for improved demand in the spring selling season compared to Q4, with indications of increased buyer activity in January [48][49] Question: Share repurchase strategy - The company balances share repurchases with operational growth, emphasizing the importance of returning capital to shareholders when stock is undervalued [51]

Core Viewpoint - French drugmaker Sanofi expects sales to grow by a high-single-digit percentage in 2026, driven by strong demand for its asthma drug Dupixent and newer medicines [1] Sales Growth Expectations - Sanofi anticipates a high-single-digit percentage increase in sales for the year 2026 [1] Key Products Driving Growth - The growth is primarily attributed to the strong demand for Dupixent, a blockbuster asthma drug, along with contributions from some newer medicines [1]

Core Viewpoint - Haier Smart Home Co., Ltd. has initiated a share buyback program, repurchasing a total of 146,000 D-shares from January 21 to January 23, 2026, as part of its capital market strategy [2][3]. Group 1: Share Buyback Program Details - The share buyback program was announced on January 20, 2026, and the repurchases were conducted exclusively through stock exchanges or a multilateral trading system [2][3]. - The breakdown of shares repurchased includes: - January 21, 2026: 44,000 shares at a weighted average price of €2.0929, totaling €92,089.14 - January 22, 2026: 49,000 shares at a weighted average price of €2.0982, totaling €102,810.02 - January 23, 2026: 53,000 shares at a weighted average price of €2.0950, totaling €111,034.58 [3]. - The total aggregate volume of shares repurchased during this period amounts to €306,933.64 [3]. Group 2: Regulatory Compliance - The announcement complies with the regulations set forth in Art. 5(1)(b) and 5(3) of Regulation (EU) No. 596/2014 and Art. 2(2) and 2(3) of the Delegated Regulation (EU) 2016/1052 [2][4]. - Detailed information regarding the transactions related to the share buyback program is available on the company's investor relations website [4].