Carnival stock still hasn't fully recovered its early pandemic losses.Carnival (CCL +8.08%) (CUK +8.09%) faced tough times in early pandemic days. The company was forced to temporarily halt sailings, and that meant relying on debt to, excuse the pun, stay afloat. But in the years that followed, the world's biggest cruise operator demonstrated its ability to weather the toughest of times and emerge victorious.The company has worked to pay down a significant amount of debt, reached record revenue levels, retu ...

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I have a deep appreciation for the role we play not just in protecting products or reducing costs, but in shaping and enhancing brand perception. Enabling sustainability goals, and delivering exceptional quality and reliability. That perspective is what attracted me to Graphic Packaging. And it will shape how I approach the business and manage towards the substantial opportunities we have ahead. Today, I will spend some time on how I am assessing the business. What excites me about the foundation we have an ...

Core Insights - American Airlines Group reported fourth-quarter adjusted earnings of $0.16 per share, significantly below analysts' expectations of $0.38 per share [2] - The airline's revenue reached a record $14.0 billion but fell short of the consensus estimate of $14.04 billion, impacted by a U.S. government shutdown that reduced revenue by approximately $325 million [2] Financial Performance - For the full year 2025, American Airlines achieved record revenue of $54.6 billion and adjusted earnings of $0.36 per share [3] - The company successfully reduced total debt by $2.1 billion during the year [3] - Guidance for fiscal 2026 indicates adjusted earnings between $1.70 and $2.70 per share, with the midpoint slightly above the analyst consensus of $2.01 [3] Future Projections - For the first quarter of 2026, American Airlines anticipates an adjusted loss of $0.10 to $0.50 per share, compared to expectations of a $0.29 loss [3] - The impact of Winter Storm Fern led to over 9,000 flight cancellations, the largest weather-related disruption in the company's history, resulting in a projected capacity decline of approximately 1.5 percentage points for the first quarter of 2026 [4] - Despite these challenges, the airline expects first-quarter revenue to increase by 7% to 10% year over year [4]

May reported fourth-quarter adjusted earnings per share of $0.16 and full-year adjusted EPS of $0.36, excluding net special items. He said the results came in below guidance primarily because of a prolonged government shutdown that impacted revenue by about $325 million, concentrated in the domestic business. May cited American’s exposure in Washington, D.C., particularly at Reagan National (DCA), given its weighting toward government-related travel.In response to a media question about why American appeare ...

Key Takeaways CYH agreed to sell the 180-bed Crestwood Medical Center and related facilities for $450M.The transaction is expected to be closed in the second quarter of this year.CYH remains highly leveraged, with net debt to EBITDA of 7.6 and thin margins.Community Health Systems, Inc. (CYH) recently announced an important step to strengthen its financial position through an asset sale. A subsidiary of Community Health Systems has agreed to divest its 180-bed Crestwood Medical Center in Huntsville, AL, alo ...

Core Viewpoint - Aryzta is expanding into the Portuguese market with a €40 million ($46.8 million) investment to build a new bun plant near Lisbon, expected to be operational by 2028 [1] Group 1: Investment and Expansion - The new facility in Portugal will enhance supply chain optimization and customer service across the Iberian Peninsula, complementing Aryzta's existing bun bakery in Spain [2] - The plant will primarily supply quick-service restaurants (QSR), including existing partnerships with major fast-food chains [3] Group 2: Business Strategy and Leadership - Under interim CEO and chairman Urs Jordi, Aryzta is taking decisive actions to reposition the business for profitable growth and improved performance by 2026 [3] - The company has been engaged in asset disposals since 2020 to reduce debt, including the sale of its take-and-bake pizza business and exit from frozen food retail [4][5] Group 3: Financial Outlook - Aryzta anticipates mid-single-digit organic growth for the year, with an EBITDA expected to exceed €305 million [7] - The company is also ramping up new production lines in Germany, Malaysia, and Switzerland, contributing to its positive growth outlook [6][7]

Core Viewpoint - Cenovus Energy is exploring the sale of its conventional oil and gas assets in Alberta's Deep Basin to reduce debt following its acquisition of MEG Energy [1] Group 1: Company Actions - The company is considering divesting its conventional oil and gas assets as part of its strategy to manage and lower its debt levels [1] - This potential sale comes after Cenovus's recent takeover of MEG Energy, indicating a shift in focus towards optimizing its asset portfolio [1] Group 2: Industry Context - The move reflects broader trends in the oil and gas industry, where companies are increasingly looking to streamline operations and reduce financial liabilities in a fluctuating market [1]

Core Insights - Nabors Industries Ltd. announced the full redemption of its outstanding 7.500% Senior Guaranteed Notes due 2028, with a face value of approximately $379 million, redeemed at par plus accrued interest on January 15, 2026 [1] Financial Summary - As of December 31, 2025, total debt was approximately $2.5 billion, with cash and short-term investments around $940 million, resulting in net debt of approximately $1.55 billion, marking the lowest net leverage since 2008 [2] - The company reduced its net debt by approximately $366 million during the fourth quarter, equivalent to about $25 per common share, and by approximately $550 million since December 31, 2024 [2] - Following the redemption, long-term debt stands at approximately $2.15 billion, with the next debt maturity occurring in 2029, and the weighted average maturity of outstanding debt increased to 5.3 years from 3.7 years as of September 30, 2025 [3] Strategic Commentary - The redemption is viewed as a significant step in advancing the company's commitment to debt reduction, which is considered a core driver of shareholder value. The successful execution of transactions and strong operational performance contributed to this outcome [4]

Core Insights - Cogeco anticipates "materially improving financial trends" for its U.S. business starting in the second half of the fiscal year, supported by improved debt outlooks from Moody's and S&P [1][6] - The company is launching a new fully digital brand in the U.S. next month, aiming to enhance sales channels and marketing capabilities [1][6] Financial Performance - Cogeco reported a 4.9% decline in consolidated revenue and a 3.7% decline in adjusted EBITDA in constant currency, while maintaining its fiscal 2026 guidance [5][14] - The company declared a quarterly dividend of CAD 0.987 per share, reflecting a 7% year-over-year increase [4][5] U.S. Operations - The U.S. segment, Breezeline, experienced a 9.9% revenue decline in constant currency, attributed to a shrinking subscriber base and competitive pricing [10] - Despite a decline of 1,100 internet subscribers in the U.S. during the quarter, this was viewed as a significant improvement compared to previous periods [11] Canadian Operations - Canadian operations showed stable revenue with positive year-over-year EBITDA growth, adding 8,900 internet subscribers in the first quarter [6][7] - Adjusted EBITDA for Cogeco Connexion rose by 2% in constant currency, driven by stable revenue and lower operating expenses [8] Market Dynamics - Management noted that competitive intensity in wireline services has increased, leading to expectations of modest customer growth in the near term [8][12] - Fixed wireless access (FWA) has not significantly impacted subscriber churn, although there is ongoing experimentation with resale and promotions in the market [9] Capital Allocation and Debt Management - The company is focused on reducing debt and plans to revisit share buybacks once leverage and cash visibility improve [18][19] - Capital intensity rose to 22.2% from 20.4% a year earlier, but the company remains on track to meet its annual capital expenditure guidance [15]