NWPX Infrastructure Announces Acquisition of Boughton's Precast [Accessibility Statement] Skip NavigationAcquisition expands Company's precast manufacturing capabilities in the mountain states.VANCOUVER, Wash., Feb. 23, 2026 /PRNewswire/ -- NWPX Infrastructure, Inc. (Nasdaq: NWPX), a leading manufacturer of water-related infrastructure products, today announced the acquisition of Boughton's Precast, Inc. The transaction closed on February 23, 2026, and is expected to be immediately accretive to earnings.Loc ...

Financial Data and Key Metrics Changes - Full year sales for 2025 were $2.1 billion, consistent with the previous year [6][11] - Full year operating income was $287 million, with earnings per share at $5.52 [7][11] - Operating margin decreased to 13.9% from 14.9% in the prior year, primarily due to lower volume [12][11] Business Line Data and Key Metrics Changes - Consumer and Specialties segment sales for Q4 were $274 million, with Household and Personal Care sales at $133 million, up 2% sequentially but down 1% year-over-year [13] - Specialty Additives sales were $142 million, down 2% from the prior year, impacted by lower residential construction demand [14] - Engineered Solutions segment sales grew 2% year-over-year to $245 million, with High Temperature Technologies sales at $178 million, up 1% [17] Market Data and Key Metrics Changes - Sales in the Consumer and Specialties segment for the full year were $1.1 billion, with a 3% decline in Household and Personal Care sales overall [14] - Specialty Additives sales for the full year were $585 million, down 4% from the prior year, affected by a slowdown in residential construction [15] - Engineered Solutions segment sales for the full year were $975 million, with record operating income of $163 million and an operating margin of 16.7% [18] Company Strategy and Development Direction - The company is focused on organic growth through investments in higher growth markets, innovative products, and geographic expansion [7][8] - Significant investments were made in pet litter facilities, natural oil purification operations, and paper and packaging satellite plants [8][9] - The company aims to leverage regulatory changes to drive demand for local mineral supply and enhance revenue streams [30] Management's Comments on Operating Environment and Future Outlook - The management noted a challenging year in 2025 due to geopolitical uncertainty and softer market demand [5][6] - For 2026, the company expects stable market conditions with potential growth driven by new business and investments made in 2025 [24][26] - Management expressed confidence in achieving mid-single-digit growth in 2026, supported by new product launches and market recovery [20][24] Other Important Information - The company returned $73 million to shareholders through dividends and share repurchases while maintaining a strong balance sheet [9][19] - Full-year free cash flow was $87 million, with expectations for 6%-7% of sales in 2026 [19][20] Q&A Session Questions and Answers Question: Regarding the Consumer and Specialties segment's operating margin performance - Management indicated that the performance was in line with expectations, impacted by lower residential construction demand and fixed cost absorption issues [35][36] Question: Insights on the paper PCC business and market conditions - Management highlighted growth opportunities in Asia, with a focus on increasing market penetration and new technologies [40][41] Question: Capital deployment strategy for 2026 - The company plans to maintain a balanced approach, allocating 50% of free cash flow to shareholders while keeping some for organic and inorganic growth opportunities [46][48]

Financial Data and Key Metrics Changes - In Q2 2025, Cullen Frost earned $155.3 million or $2.39 per share, compared to $143.8 million or $2.21 per share in the same quarter last year, representing a year-over-year increase of 8.8% in earnings [5] - Return on average assets was 1.22% and return on average common equity was 15.64%, compared to 1.18% and 17.08% in the same quarter last year [5] - Average deposits increased to $41.8 billion, up 3.1% from $40.5 billion in Q2 2024, while average loans grew to $21.1 billion, a 7.2% increase from $19.7 billion [6] Business Line Data and Key Metrics Changes - Consumer deposits grew by 3.7% year-over-year, with checking household growth at an industry-leading rate of 5.4% [9][10] - The commercial business saw average loan balances increase by $817 million or 4.9% year-over-year, with commercial real estate (CRE) balances growing by 6.8% and energy balances increasing by 22% [11] - The consumer real estate loan portfolio grew by $600 million year-over-year, representing a 22% growth rate [10] Market Data and Key Metrics Changes - The expansion efforts contributed to 37% of total loan growth and 44% of total deposit growth year-over-year [15] - The company opened its 200th location, indicating a significant expansion strategy in dynamic markets [6][7] - The overall credit quality remains strong, with non-performing assets declining to $64 million from $85 million at year-end [13] Company Strategy and Development Direction - The company continues to focus on organic growth through expansion in Texas, with no current plans for inorganic growth or M&A activity [84][88] - Management emphasizes a commitment to customer service and maintaining a strong capital base, prioritizing dividend protection [32][34] - The strategy is expected to yield earnings accretion in 2026, with a focus on long-term growth rather than immediate returns [41][44] Management's Comments on Operating Environment and Future Outlook - Management acknowledges increased competition in the lending market, particularly from smaller banks, but remains confident in their pricing strategy and customer relationships [30][113] - The company expects net interest income growth for the full year to be in the range of 6%-7%, despite anticipated Fed rate cuts [22][23] - There is optimism regarding deposit growth in the second half of the year, with expectations for seasonal trends to return [49][50] Other Important Information - The net interest margin improved to 3.67%, up 7 basis points from the previous quarter, driven by a shift towards higher-yielding loans and securities [17] - The investment portfolio averaged $20.4 billion during the quarter, with a taxable equivalent yield of 3.79% [19] - The company recorded a net unrealized loss on the available-for-sale portfolio of $1.42 billion, slightly up from $1.4 billion in the previous quarter [18] Q&A Session Summary Question: Loan growth and pricing competition - Management noted that competition has increased, particularly in commercial real estate, leading to price compression [30] Question: Capital growth and utilization - The focus remains on building capital and protecting dividends, with no immediate plans for stock repurchase [32][34] Question: Earnings growth and investment returns - Management expects to see benefits from investments in expansion starting in 2026, with a focus on long-term growth [41][44] Question: Deposit growth and trends - There is encouragement regarding the stabilization and potential growth of non-interest-bearing deposits in the second half of the year [49][50] Question: Non-interest income outlook - Management anticipates growth in non-interest income driven by increased customer volume and a healthier stock market [94][99]

Core Points - FOXO Technologies Inc. announced that Big South Fork Medical Center has completed a Performance Network Agreement with Covenant Health to provide swing bed services [1][3] - The agreement aims to enhance post-acute care for patients who no longer meet acute care admission criteria, allowing them to recover closer to home [2][3] - The CEO of Big South Fork Medical Center emphasized the hospital's strategic location and service quality as key factors in attracting patients [3] Company Overview - FOXO Technologies Inc. operates three subsidiaries, including Rennova Community Health, which owns Big South Fork Medical Center, a critical access designated hospital [4] - Myrtle Recovery Centers, another subsidiary, provides behavioral health services, including inpatient detox and outpatient treatment programs [4] - FOXO Labs, Inc. focuses on biotechnology aimed at improving human health and lifespan through innovative technology [5]