Excess capital generation totaled about $775 million for 2025, including roughly $175 million in the fourth quarter, exceeding a $700 million target. Katz said adjusted return on equity expanded by more than 200 basis points to 18.6%.Chief Financial Officer Mike Katz provided additional detail, saying pre-tax adjusted operating earnings were more than $1 billion, up $168 million versus the prior year, while earnings per share rose 22% to $8.85. Fourth-quarter EPS was $1.94, up 39% year-over-year. Katz attri ...

Key Takeaways MGY posted Q4 EPS of 37 cents and revenues of $318 million, beating estimates on strong production.MGY saw oil and NGL revenues fall, while natural gas sales jumped and beat consensus estimates.MGY returned 110% of free cash flow via dividends and buybacks and lifted output by 11.5% y/y.Magnolia Oil & Gas Corporation (MGY) reported a fourth-quarter 2025 net profit of 37 cents per share, which beat the Zacks Consensus Estimate of 36 cents. This outperformance can be attributed to record quarter ...

Financial Data and Key Metrics Changes - AutoNation reported a solid fourth quarter with a 3% revenue growth and an 8% adjusted net income growth, leading to a 16% increase in adjusted earnings per share [3][4] - Adjusted free cash flow exceeded $1 billion, up approximately 39% from 2025, with a capital deployment of over $1.5 billion, half of which was allocated to share repurchases [3][10] - The balance sheet remained healthy, with year-end leverage largely unchanged from the prior year at 2.44x EBITDA [4][30] Business Line Data and Key Metrics Changes - Same-store unit sales of new vehicles decreased by 10% in Q4, with a significant decline of 60% in battery electric vehicles and 10% in hybrid powertrain vehicles [5][18] - Used vehicle gross profit increased by 5% for the full year, despite a 6% decline in profit per unit for Q4 [7][20] - Customer Financial Services (CFS) unit profitability grew by 8% year-over-year, with record gross profit per unit achieved [8][21] Market Data and Key Metrics Changes - The industry faced tougher sales comparisons in Q4 2025, with a light vehicle SAR of 16.7 million in Q4 2024, impacting sales negatively [4][18] - New vehicle inventory amounted to 45 days of supply, up from 39 days in Q4 2024 [19] - The used vehicle market remains tight, with a focus on acquiring vehicles through internal channels [21] Company Strategy and Development Direction - AutoNation expanded its presence in key markets through acquisitions, including a Ford and Mazda store in Denver and an Audi and Mercedes store in Chicago [11][29] - The company aims to maintain a balanced capital allocation strategy, focusing on both M&A opportunities and share repurchases [30][56] - The strategy includes improving after-sales growth and maintaining strong cash flow to support future investments [34][27] Management's Comments on Operating Environment and Future Outlook - Management expects the market to be slightly down in 2026 compared to 2025, with potential benefits from tax changes and improved used vehicle market conditions [32][34] - There is a focus on maintaining performance in the CFS business while being aware of consumer sensitivity to monthly payments [33][78] - Management is optimistic about the growth trajectory in after-sales and the potential for continued profitability in the AN Finance portfolio [33][43] Other Important Information - Adjusted EPS for Q4 was $5.08, a 2% increase from the previous year, while full-year adjusted EPS was $20.22, up 16% from 2024 [18][10] - The company repurchased $785 million worth of shares, reducing share count by 10% year-over-year [29][30] Q&A Session Summary Question: Regarding the new car business and unit numbers - Management noted a reduction in OEM dealer-facing incentives and a significant drop in EV volume, which contributed to the decline in same-store sales [38][40] Question: On AutoNation Finance's profitability cadence - Management expressed confidence in continued profitability growth, with a starting point of $6 million in Q4 and expectations for improvement throughout 2026 [41][42] Question: Capital spending and M&A market outlook - Management indicated that 2026 capital spending levels would be similar to 2025, with ongoing opportunities in the M&A market [52][54] Question: Trends in hybrid and electric vehicle GPUs - Management observed a decline in hybrid GPUs and flat performance for battery electric vehicles, with expectations for improvement in hybrid margins in 2026 [60][62] Question: Consumer credit availability and affordability pressures - Management acknowledged significant growth in monthly payments and anticipated some relief in charged APR, while emphasizing the importance of affordability in the new car market [77][78]

Financial Data and Key Metrics Changes - Fiscal 2026 started strong with Q1 adjusted EBITDA significantly above expectations, leading to an increase in guidance [4] - The company maintained net leverage flat despite aggressive share repurchases and the sale of the 8th Avenue pasta business [4] Business Line Data and Key Metrics Changes - The foodservice normalized run rate was updated positively, contributing to the strong operating performance [4] - The egg segment saw volume growth, particularly in higher value-added eggs, with expectations of a 3%-4% growth rate moving forward [24][46] Market Data and Key Metrics Changes - The cereal category has recently returned to a low single-digit growth rate after significant declines, attributed to changes in SNAP and a shift towards more affordable breakfast options [11][12] - The pet food segment, particularly dog food, has been softer compared to cat food, with expectations of gradual recovery as brands are relaunched [78] Company Strategy and Development Direction - The company continues to focus on opportunistic capital allocation, particularly in M&A, as market valuations change [10] - There is no significant change in strategy despite competitor investments in the cereal category; the company is adjusting promotional spending to enhance efficiency [29] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the normalized run rate for foodservice and the ability to grow off that base due to favorable supply and demand dynamics [46] - The company is monitoring the impact of dietary guidelines on its portfolio but believes it is well-positioned with its current offerings [74] Other Important Information - The company has successfully closed two cereal facilities, with cost savings expected to impact the P&L starting in Q3 [80] - Management is cautious about future actions to streamline the portfolio, indicating no obvious opportunities at this time [80] Q&A Session Summary Question: Market valuations and M&A activity - Management noted that changing multiples make M&A more interesting, but it is still a subjective assessment [10] Question: Cereal category trends - Management indicated that recent improvements in the cereal category are linked to SNAP changes and a shift in consumer behavior towards more affordable options [12] Question: Foodservice business expectations - Management stated that the balance of the portfolio remains in line with initial expectations, with no material changes anticipated [22] Question: RTD shakes ramp-up - Management acknowledged ongoing challenges with production efficiency but remains optimistic about the long-term potential of the RTD shakes business [39] Question: Pet food category trends - Management confirmed that the dog food segment remains softer, but improvements are expected as brands are relaunched [78] Question: Cost savings from facility closures - Management expects cost savings from closed facilities to start impacting the P&L in Q3, with no immediate plans for further streamlining [80]

Disclaimers and Additional Information NEW YORK, Feb. 6, 2026 /PRNewswire/ - Galaxy Digital Inc. (Nasdaq: GLXY) (TSX: GLXY) today announced that its Board of Directors approved a share repurchase program with authorization to purchase up to $200 million of Galaxy's Class A common stock. Repurchases will be subject to compliance with applicable securities laws and stock exchange requirements. "We are entering 2026 from a position of strength, with a strong balance sheet and continued investment in Galaxy's g ...

MGM Resorts International (NYSE:MGM) Q4 2025 Earnings call February 05, 2026 05:00 PM ET Company ParticipantsAyesha Molino - COOBarry Jonas - Managing DirectorBill Hornbuckle - CEO and PresidentBrandt Montour - Director of Equity ResearchHoward Wang - Vice President of Investor RelationsJonathan Halkyard - CFOKenneth Feng - CEOStephen Grambling - Managing DirectorConference Call ParticipantsChad Beynon - Managing Director and AnalystShaun Kelley - Senior Research Analyst and Managing DirectorSteve Pizzella ...

Reddit shares rose 6% in after-hours trading on Thursday after the social media companyreported fourth-quarter earnings that beat on the top and bottom lines and gave strong guidance for the start of 2026. Here's how the company did compared with LSEG estimates:Earnings per share: $1.24 vs. 94 cents expectedRevenue: $726 million vs. $665 million expectedThe company said it expects first quarter sales to come in the range of $595 million to $605 million, which is higher than Wall Street expectations of $577 ...

Verizon cut 13,000 positions in Q4 of 2025, according to a CNBC report. While initial reports suggested job cuts could reach 15,000, CEO Dan Schulman made clear this is just the beginning of a multi-year efficiency drive. The company's ongoing focus on cost savings will help the Dow Jones 30 member battle for share in a fiercely competitive market, supporting its lofty dividend yield of 6%. "We are building an in-year war chest of $5 billion in OpEx savings," Schulman said during the earnings call. "This ...

Crown (NYSE:CCK) Q4 2025 Earnings call February 05, 2026 09:00 AM ET Company ParticipantsGeorge Staphos - Managing DirectorKevin Clothier - SVP and CFOMike Roxland - Managing Director and Equity ResearchPhilip Ng - Managing DirectorStefan Diaz - VP of Equity ResearchTim Donahue - Chairman, President and CEOTom Kelly - COOConference Call ParticipantsAnojja Shah - Equity Research AnalystAnthony Pettinari - Research AnalystArun Viswanathan - Senior Equity AnalystChris Parkinson - Senior Research AnalystEdlain ...

Spectrum Brands (NYSE:SPB) Q1 2026 Earnings call February 05, 2026 09:00 AM ET Company ParticipantsCarla Casella - Managing Director Credit ResearchDavid Maura - Chairman and CEOFaisal Qadir - CFOJen Schultz - DVP of FP&A and Investor RelationsMadison Callinan - Equity Research AssociateWill Gildea - Equity Research AssociateConference Call ParticipantsChris Carey - Head of Consumer Staples Research and Senior Equity AnalystIan Zaffino - Managing Director and Senior AnalystOlivia Tong - Managing Director an ...