Zevia PBC (NYSE:ZVIA) Q4 2025 Earnings call February 25, 2026 04:30 PM ET Speaker0Greetings. Welcome to the Zevia PBC fourth quarter and full year 2025 earnings call. At this time, all participants are in a listen-only mode. A brief question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, J ...

Trex (NYSE:TREX) Q4 2025 Earnings call February 24, 2026 04:30 PM ET Speaker12Good day, and welcome to the Trex Company, Inc. fourth quarter 2025 earnings conference call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by 0. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press Star then 1 on a touch-tone phone. To withdraw your question, please press Star ...

SANTA MONICA, Calif.--(BUSINESS WIRE)--FRE® Nicotine Pouches, a bold, freshness-forward nicotine pouch brand designed by users for users, has been recognized as a winner of the 2026 Product of the Year USA Awards. Determined through a national study of 40,000 American shoppers conducted in partnership with Kantar, a global leader in consumer research, Product of the Year is the largest consumer-voted awards program focused on product innovation. The FRE Lush 15mg Mega Pack is awarded the highly. ...

HUNGRY & THIRSTY FOR GROWTH Ramon Laguarta Chairman & CEO Steve Schmitt CFO 2026 SAFE HARBOR STATEMENT & NON-GAAP INFORMATION Safe Harbor Statement Statements in this communication that are "forward - looking statements," including our guidance and long - term targets, are based on currently available information, operating plans and projections about future events and trends. Terminology such as "aim," "anticipate," "believe," "drive," "estimate, " "expect," "expressed confidence," "forecast," "future," "g ...

Bayer (OTCPK:BAYR.Y) Update / briefing February 17, 2026 12:30 PM ET Company ParticipantsAnja Ettel - News reporterBill Anderson - CEOBill Dodero - Head of Litigation and North America LegalCharles Pitman-King - VPDietrich Knauth - Media RepresentativeJost Reinhard - Head of Investor RelationsSonja Wind - News ReporterWolfgang Nickl - CFOConference Call ParticipantsAlec Ebeling - Equity Research AnalystBert Günther - Equity Research AnalystLaurent Favre - Equity Research AnalystRajesh Kumar - Equity Researc ...

Core Insights - Mohawk Industries, Inc. (MHK) reported mixed fourth-quarter 2025 results, with earnings exceeding the Zacks Consensus Estimate while net sales slightly missed expectations, both metrics showing year-over-year growth [1][5] Financial Performance - Adjusted earnings per share (EPS) for Q4 2025 were $2.00, surpassing the Zacks Consensus Estimate of $1.98 by 1%, and up from $1.95 in the same quarter last year [5] - Net sales reached $2.7 billion, falling short of the consensus mark of $2.72 billion by 0.7%, but reflecting a 2.3% increase year-over-year; on an adjusted basis, net sales declined 3.3% year-over-year [5] - For the full year 2025, net sales totaled $10.79 billion, a decrease of 0.5% from $10.84 billion in 2024, with operating income dropping to $489.8 million from $693.5 million [11] Segment Performance - Global Ceramic segment reported net sales of $1.07 billion, a 6.1% increase year-over-year; adjusted operating income rose to $62.7 million, with an adjusted operating margin of 5.9% [7] - Flooring North America (NA) segment saw net sales of $892.5 million, down 4.8% year-over-year, with adjusted operating profit declining to $39.2 million and an adjusted operating margin of 4.4% [8] - Flooring Rest of the World (ROW) segment experienced a 6.5% increase in net sales to $737.1 million; adjusted operating income was $65.1 million, with an adjusted operating margin of 8.8% [9] Operational Insights - The company is focusing on restructuring actions and operational improvements that have reduced costs and are expected to enhance long-term performance, despite ongoing tariff uncertainties [3] - Mohawk anticipates improvements in sales and earnings for 2026, driven by a recovery in residential remodeling and stabilization of economic risks, alongside new product innovations and operational excellence [4][10] Financial Position - As of the end of 2025, Mohawk had cash and cash equivalents of $856.1 million, an increase from $666.6 million in 2024; long-term debt rose to $1.74 billion from $1.68 billion [12] - The company generated free cash flow of $621.2 million in 2025, compared to $679.5 million the previous year, and repurchased approximately 1.3 million shares for about $150 million [12]

Financial Data and Key Metrics Changes - The company expects EBITDA margin expansion of 40-50 basis points for the year, accounting for planned investments in California [12][13] - The leverage ratio is projected to be in the range of 3.0-3.2 times, with a goal to deleverage by 0.3-0.4 times per year [51] Business Line Data and Key Metrics Changes - The company anticipates continued distribution gains and plans to invest in marketing and innovation to support growth [10][15] - The California expansion is expected to contribute to top-line sales and incremental households, with a current market share of 1.9% [66] Market Data and Key Metrics Changes - The company views the category as flat for the upcoming year, reflecting a cautious optimism based on recent trends [44][80] - The company has seen positive category improvement in the fourth quarter, with expectations for continued growth despite a dynamic environment [43][80] Company Strategy and Development Direction - The company is focused on geographic expansion, distribution gains, and maintaining a rational promotional environment [10][11] - The management emphasizes the importance of innovation and marketing support to drive consumer engagement and growth [94][96] Management's Comments on Operating Environment and Future Outlook - The management expresses confidence in the commercial plan for 2026, highlighting the importance of flexibility to adapt to market changes [10][11] - The company acknowledges the challenges faced by consumers but believes its diverse product offerings will help maintain engagement [94][95] Other Important Information - The company has invested in revenue management capabilities to better understand pricing dynamics across its portfolio [22] - The management is optimistic about the supply of alternative oils and ingredients for new product offerings, ensuring no anticipated supply issues [70] Q&A Session Summary Question: Expectations regarding competitive pricing and investment needs - The management feels confident in their commercial plan and anticipates a flat category, allowing for flexibility in investment [10][11] Question: Clarification on EBITDA margin guidance - The management expects 40-50 basis points of margin expansion, factoring in planned investments [12][13] Question: Insights on distribution and shelf space - The management expects positive distribution gains in both expansion and core markets, driven by innovation and marketing support [42][81] Question: Consumer environment and portfolio strategy - The management acknowledges a dynamic consumer environment but believes their growth drivers will help overcome challenges [94][95] Question: Impact of new product offerings on margins - The management anticipates that new product launches will be margin accretive, leveraging premium ingredients [70]

Financial Data and Key Metrics Changes - In 2025, Kraft Heinz experienced a significant year-over-year decline in both top-line and bottom-line results, with organic net sales pressured by market share losses, particularly in the U.S. retail sector [4][5] - Adjusted EPS for 2025 was $2.60, reflecting a 15% decline compared to 2024, driven by lower operational results and a higher effective tax rate [5][27] - Free Cash Flow improved nearly 16% year-over-year, totaling $3.7 billion, with a Free Cash Flow conversion rate of 119% [5][28] Business Line Data and Key Metrics Changes - Organic net sales in North America retail declined by 5.2%, primarily due to share loss in Lunchables, Spoonables, and frozen meals and snacks [5][6] - Global away-from-home organic net sales decreased by 1.5%, impacted by lower traffic trends in the U.S., although international markets showed growth [6] - Emerging markets saw organic net sales increase by 4.6%, driven by double-digit growth in LATAM and East regions, despite a decline in Indonesia [6][7] Market Data and Key Metrics Changes - North America organic net sales declined by 5.4%, with significant losses in the U.S. cold cuts and away-from-home segments [24] - International developed markets experienced a 2.4% decline in organic net sales, primarily due to softness in the U.K. market [25] - Emerging markets reported a 2.2% increase in organic net sales, with growth outside of Indonesia [25] Company Strategy and Development Direction - The company aims to return to organic, profitable growth by contemporizing brands, differentiating products, and improving commercial execution [3][8] - A significant investment of approximately $600 million is planned for 2026 to support the operating plan and drive recovery [8][9] - The focus will be on enhancing brand alignment with consumer preferences and improving marketing and sales capabilities [16][30] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenging market conditions, including worsening consumer sentiment and industry trends, which have heightened the recovery path's difficulty [9][10] - The company plans to pause separation efforts to concentrate resources on executing the operating plan and restoring business momentum [10][11] - Expectations for 2026 include a projected decline in organic net sales of 3.5%-1.5% and adjusted EPS in the range of $1.98-$2.10 [31][32] Other Important Information - The company generated gross efficiencies of approximately $690 million in 2025, reflecting ongoing productivity improvements [27] - Capital allocation priorities for 2026 include increased investment in the business, maintaining net leverage around three times, and returning excess capital to shareholders [29] Q&A Session Summary Question: What are the expectations for the 2026 outlook? - The company expects organic net sales to decline by 3.5%-1.5%, with an adjusted gross profit margin decrease of 75-25 basis points year-over-year [31] - Adjusted EPS is anticipated to be in the range of $1.98-$2.10, reflecting a higher effective tax rate and increased investments [32]

Core Insights - MasterCraft Boat reported fiscal second-quarter 2026 results that exceeded internal expectations, with consolidated net sales of $71.8 million, up 13.2% year-over-year, and a gross margin improvement to 21.6% [4][7][8] Financial Performance - Operating expenses increased to $12.8 million, up $2.1 million from the prior year, due to costs associated with a new ERP system, business development, and higher selling and marketing costs [1] - Adjusted net income was $4.7 million, or $0.29 per diluted share, compared to $1.7 million, or $0.10 per share, a year earlier [8] - Adjusted EBITDA rose to $7.5 million, up from $3.5 million last year, with an adjusted EBITDA margin improvement to 10.4% from 5.6% [8] Inventory and Demand - Pipeline inventory levels improved by approximately 25% year-over-year, with management maintaining a full-year assumption of a 5% to 10% decline in retail demand [9][10] - The company is entering the spring selling season with "right-sized" dealer inventories and a focus on innovation and cost efficiencies [3] Strategic Initiatives - MasterCraft announced a definitive agreement to combine with Marine Products Corporation, which is expected to broaden its brand portfolio and dealer footprint [4][6] - The transaction is valued at $232.2 million, with Marine Products shareholders receiving 0.232 shares of MasterCraft stock plus $2.43 in cash per share [6][18] - The combined company is expected to achieve approximately $6 million in annual cost savings and be accretive to adjusted EPS in fiscal 2027 [21] Future Guidance - Management raised full-year guidance for fiscal 2026 to $300–$310 million in sales, $36–$39 million in adjusted EBITDA, and $1.45–$1.60 in adjusted EPS, excluding the Marine Products deal [7][15] - For the fiscal third quarter of 2026, net sales are expected to be approximately $75 million, with adjusted EBITDA around $9 million and adjusted EPS of approximately $0.35 [15] Brand and Product Development - The MasterCraft brand is supported by premium products with higher margins, with new models like the X24, XStar, and the all-new X22 enhancing the product mix [12] - In the pontoon segment, operational improvements and new product introductions, such as the Halo model from the luxury brand Balise, are being emphasized [13][14]

Core Insights - Bassett Furniture Industries reported a consolidated revenue increase of $4.4 million, or 5.1%, compared to the prior-year quarter, with a 6.4% increase when excluding Noa Home sales [1][7] - The company emphasized a flexible sourcing model as essential for resilience amid tariff stabilization [1] - Despite slow housing sales impacting the home furnishings category, the company achieved increased sales and profits in the fourth quarter [3][4] Financial Performance - In Q4, operating income rose to $2.3 million, representing 2.6% of sales, while diluted EPS was $0.18, down from $0.38 a year earlier due to a prior-year tax benefit [7][8] - Wholesale revenue increased by $4.4 million, or 8.3%, driven by a 14% increase in shipments to retail stores [9] - Retail net sales grew by $4.2 million, or 7.9%, although retail gross margin declined by 150 basis points due to delayed price adjustments [12] Cost Management and Efficiency - The company has maintained a "restructuring mindset" to drive cost reductions and operational efficiencies, with SG&A down 60 basis points [2][10] - Headcount was reduced by 11% last year, with an additional 4% reduction recently to create a leaner organization [18] - Bassett ended the year with $59.2 million in cash and no debt, generating $7.8 million in operating cash flow during the quarter [19] Product and Market Initiatives - Case-goods sales increased over 50%, and custom leather sales rose by 19%, indicating strong product momentum [5][13][14] - E-commerce sales grew by 14% in Q4 and 27% for the full year, with plans to enhance marketing efforts [15] - The company plans to open new stores in Cincinnati and Orlando and relocate its Long Island store [16] Future Outlook - Management forecasts capital expenditures of $8 million to $12 million for fiscal 2026, reflecting planned store activities [20] - Early demand trends in fiscal 2026 showed strong written sales, although winter weather caused disruptions [21] - The company aims to continue focusing on operating discipline while pursuing growth through retail expansion and new initiatives [22]