Allison Transmission (NYSE:ALSN) Q4 2025 Earnings call February 23, 2026 05:00 PM ET Company ParticipantsAngel Castillo - Executive DirectorCraig Price - President and Business Unit Leader of Off-Highway Drive & Motion SystemsDave Graziosi - Chair, President, and CEOFred Bohley - COO and Transmission Business Unit LeaderJackie Bolles - Executive Director of Treasury and Investor RelationsJerry Revich - Managing DirectorScott Mell - CFO and TreasurerTami Zakaria - Executive DirectorConference Call Participan ...

Key Takeaways Rocket folds Redfin and Mr. Cooper into an origination-to-servicing platform aimed at the next upturn.RKT targets $540M cost synergies plus $100M revenue lift from Mr. Cooper recapture gains.Rocket sees Q4 2025 adj. revenue $2.1-$2.3B, but expenses near $2.3B may delay leverage.Rocket Companies, Inc. (RKT) is increasingly a story about operating leverage rather than just mortgage volumes. With Redfin and Mr. Cooper folded into an end-to-end origination-to-servicing platform, the company is pos ...

CFO Mark Johnson said fourth-quarter 2025 revenue was $959 million , up 51% sequentially, driven by $388 million of MRC Global revenue contribution from the close date through year-end (the “stub period”). For the full year, DNOW reported $2.8 billion in revenue, up 19% from 2024.Cherechinsky singled out the “heritage DNOW” business for delivering what he called its best four-year stretch ever (2022–2025). He said legacy DNOW generated a record full-year EBITDA of $199 million in 2025, despite a contracting ...

DNOW (NYSE:DNOW) Q4 2025 Earnings call February 20, 2026 09:00 AM ET Company ParticipantsAlex Rygiel - Managing DirectorBrad Wise - VP of Digital Strategy and Investor RelationsDavid Cherechinsky - President and CEOMark Johnson - SVP and CFOConference Call ParticipantsAdam Farley - Diversified Industrials Associate AnalystChuck Minervino - Equity Research AnalystOperatorGood morning. My name is Jeannie, and I will be your conference operator today. At this time, I would like to welcome everyone to the DNOW ...

Financial Data and Key Metrics Changes - In Q4 2025, the company reported an Adjusted EBITDA of $385 million and free cash flow of $321 million, with a year-on-year increase in Adjusted EBITDA of nearly 20% to $1.37 billion and free cash flow rising to $626 million [4][5] - The company retired approximately $1.3 billion in debt during the year, reducing annual interest expense by nearly $90 million and enhancing financial flexibility [5][6] - Total liquidity at the end of Q4 was approximately $1.5 billion, including $620 million in unrestricted cash and cash equivalents [16] Business Line Data and Key Metrics Changes - The company achieved record uptime performance just shy of 98% across its fleet, with zero operational integrity events and zero lost time incidents [6] - The company executed five major planned out-of-service projects on time and on budget, and recycled six rigs in 2025 [6] Market Data and Key Metrics Changes - The outlook for deepwater offshore drilling is strengthening, with expectations for deepwater utilization to exceed 90% through 2027 [10] - In the US Gulf, long-term demand remains robust, driven by new lease awards and improved fiscal terms [10] - The rig count in Africa is expected to increase from roughly 15 to at least 20 over the next couple of years, with significant multi-year program awards anticipated [11] Company Strategy and Development Direction - The company aims to optimize the value of its differentiated assets and generate industry-leading free cash flow, with a backlog of approximately $6 billion [7][8] - The recent acquisition of Valaris is seen as transformational, expected to create cost synergies exceeding $200 million and enhance shareholder returns [8][9] - The company is focused on establishing a stronger capital structure to weather business cycles and improve operational efficiencies [8] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the upcoming inflection point for offshore drilling, supported by customer conversations and increasing tender activity [33][34] - The company anticipates a pivot back towards traditional hydrocarbon sources among producers, indicating a shift in focus from renewables to offshore drilling [74][75] Other Important Information - The company has identified opportunities for rig movements to capitalize on demand in various regions, including Africa and Asia [42][46] - The guidance for 2026 reflects some idle time on specific rigs, but management expects free cash flow to be in line with or better than 2025 levels [18][67] Q&A Session Summary Question: Impact of Valaris acquisition on chartering strategy - Management indicated that the acquisition allows for cost efficiencies and improved service provision to customers, enhancing project execution reliability [22][24] Question: Confidence in offshore drilling inflection timing - Management cited customer conversations and increasing tender activity as key indicators of confidence in the timing of the market inflection [33][34] Question: Petrobras blend-and-extend negotiations - Management stated that the guidance reflects their best estimates and does not include significant upside from these negotiations [38] Question: Fleet placement and rig movements - Management noted that opportunities are developing in Africa and Asia, and rigs can be moved to meet demand in various regions [42][46] Question: Customer feedback on Valaris acquisition - Management reported overwhelmingly positive feedback from customers regarding the acquisition and its potential benefits [53][55]

Safety was also emphasized as a key integration element. Silber said Herc onboarded 2,500 new team members into its health and safety program in the second half of 2025. He noted that, measured branch-by-branch, operations achieved over 97% “perfect days” in 2025, and said the total recordable incident rate remained better than the industry benchmark of 1.0.Productivity and cost efficiencies: The company said employee productivity increased year-over-year on a pro forma basis in 2025, supported by unified s ...

Successfully integrating a transaction of this size while continuing to serve customers at the highest levels requires focus, collaboration, and execution, and our teams have delivered. The integration action taken in the fourth quarter further bolstered the critical work done in the third quarter where we expanded our field operating structure to 10 U.S. regions, adding key leadership roles to ensure operating continuity and scalability, completed a comprehensive sales territory optimization exercise to re ...

Core Viewpoint - Barratt Redrow reported a resilient first-half performance for FY26, with higher completions and progress on integrating Redrow, despite a subdued UK housing market and low consumer confidence [4] Group 1: Performance Metrics - The company delivered 7,444 homes in the first half, representing a 4.7% increase compared to the previous year [3] - Financially adjusted profit before tax (pre-PPA) decreased by 13.6% to £200 million, while revenue increased by 10.5% to £2.6 billion [6][8] - The adjusted gross margin declined by 200 basis points to 15%, with adjusted earnings per share at £0.10 and an interim dividend of £0.05 per share [6][11] Group 2: Market Dynamics - Part exchange reservations rose to 23% of private reservations from 14%, attributed to customers seeking a "stress-free" move amid market uncertainties [2] - PRS reservations fell to 4% of overall reservation volumes from 9% a year earlier, indicating a tougher market environment [2][6] - The private forward order book was down approximately 10% at the half-year stage, influenced by a high opening position, reduced reservation rates, and increased completions [7] Group 3: Integration and Synergies - The integration of Redrow is nearing completion, expected by April, with a £100 million annual cost synergy target largely confirmed [5][12] - Over £30 million in cost synergies were delivered in the first half, with an additional £50 million expected in FY26 [5][13] - The company is targeting 45 incremental sales outlets, with 31 planning applications submitted and 16 approvals received [14] Group 4: Cash Flow and Financial Outlook - The company recorded a net cash outflow of just under £600 million in the first half, driven by construction work and part exchange investments [17] - Management expects a net cash inflow of around £300 million in the second half, guiding for year-end net cash of £400 million to £500 million [18] - For FY26, the company reiterated guidance of 17,200 to 17,800 total completions, with flat underlying pricing and build cost inflation of around 2% [20]

The forward-looking statements included in this document are made as of the date of this Press Release and, except pursuant to any obligations to disclose material information under the federal securities laws, we undertake no obligation to update, amend or clarify any forward-looking statements to reflect events, new information or circumstances occurring after the date of this presentation. 2 MasterBrand Overview Q4 and Full Year 2025 Investor Presentation February 10, 2026 Forward Looking Statements Cert ...

Summary of Huntington Bancshares Conference Call Company Overview - **Company**: Huntington Bancshares (NasdaqGS: HBAN) - **Date**: February 10, 2026 - **Key Speakers**: Steve Steinour (Chairman and CEO), Zach Wasserman (CFO) Key Messages 1. **Strong Business Model**: Huntington has developed a unique and scalable super-regional bank model that delivers robust revenue and earnings growth across 21 regional markets, supported by locally led teams and a national commercial bank [1][2] 2. **Organic Growth**: Focused execution has resulted in powerful organic growth across all business facets, with a reported 11% revenue growth and 16% EPS growth in 2025 [3][4] 3. **Integration Expertise**: The company has proven expertise in integrating new partners, which creates economic value and supports customer service [2][5] 4. **Value Creation Flywheel**: The combination of these elements creates a compelling flywheel for value creation, which is expected to accelerate as the company expands its footprint and capabilities [2][6] Financial Performance - **2025 Results**: - Revenue growth of 11% - EPS growth of 16% - Return on capital at 16% - Tangible book value per share growth of 19% [3][4] - **2026 Projections**: - Expected revenue of approximately $12.6 billion - Anticipated EPS between $1.90 and $1.93 in 2027 [12][16] Strategic Partnerships - **Cadence Partnership**: The recent partnership with Cadence is expected to enhance the consumer and regional bank franchise, expanding operations into 21 states, particularly Texas [2][6] - **Texas Market**: The combined presence in Texas is a strategic advantage, with projected population growth and economic development in the Texaplex region [7][8] - **Cost Synergies**: Expected cost synergies from the Cadence and Veritex partnerships are projected to reach $435 million annually, with $340 million benefiting operating expenses in 2026 [20][21] Revenue and Expense Management - **Revenue Growth Drivers**: - Net interest income growth projected at 10%-13% - Fee revenue growth expected at 13%-16% [21][22] - **Expense Management**: The company aims to reduce baseline operating costs by at least 1% annually, with cumulative savings of $1.4 billion since 2019 [17][18] Investment Strategy - **Reinvestment Focus**: The company plans to reinvest savings from cost efficiencies into high-value revenue-generating initiatives, with a target to double the investment plowback ratio from 4.5% in 2019 to over 8% [17][19] - **Share Repurchase Plans**: Approximately $200 million in share repurchases is expected, with a cumulative reduction in share count of 2%-3% by 2027 [72] Market Position and Future Outlook - **Competitive Advantage**: The local delivery model and national specialty businesses are expected to drive growth, with a focus on maintaining high returns on tangible common equity (18%-19%) and positive operating leverage [25][85] - **Long-term Growth**: The company is optimistic about its growth trajectory, supported by strong operational results and strategic partnerships [25][86] Conclusion - Huntington Bancshares is positioned for strong growth through its scalable business model, successful integration of partnerships, and disciplined financial management. The company is focused on leveraging its competitive advantages to deliver sustained value to shareholders in the coming years [25][86]