Financial Data and Key Metrics Changes - The company reported net sales of $677 million for Q4 2025, a 14% increase year-over-year, supported by strong shipments in North America and Europe [13][14] - Adjusted EBITDA for the quarter was $40 million, up $5 million year-over-year, representing a margin of 5.8% [14] - For the full year, net sales reached $2.24 billion, with non-new machine sales at $690 million, reflecting a 10% increase year-over-year [14][16] - The company generated $78 million in free cash flow during Q4 and ended the year with a cash balance of $77 million [13][17] Business Line Data and Key Metrics Changes - Non-new machine sales grew to $690 million, marking a 10% increase year-over-year, indicating progress on the CRANES+50 strategy [14][16] - The company launched 11 new cranes in 2025, including the largest models in their respective categories, contributing to product portfolio expansion [5][6] Market Data and Key Metrics Changes - Orders in Q4 totaled $803 million, a 56% increase year-over-year, with a backlog of $794 million, up 22% from the previous year [9][13] - In Europe, new machine orders increased by 64% year-over-year, while mobile crane orders rose by 39% [10][13] - The Middle East market remains positive, although cash flow issues in Saudi Arabia are causing some concern [11] Company Strategy and Development Direction - The company is focused on expanding its crane-space safety strategy and plans to open new locations in Portugal, Mexico, Chile, and France [19] - A restructuring plan is in place to streamline operations, with projected savings of approximately $10 million in 2026 [18] - The long-term goal is to achieve a return on invested capital of 15%, with a focus on growing non-new machine sales, which deliver higher gross margins [19][20] Management's Comments on Operating Environment and Future Outlook - The management expressed optimism for 2026, anticipating improved results driven by pricing strategies, European market growth, and continued non-new machine business expansion [18][19] - The American market is expected to rebound as interest rates trend down and the tariff environment stabilizes [19] Other Important Information - The company achieved a recordable injury rate (RIR) of 0.94, marking a significant improvement in workplace safety [4][6] - Tariffs had a gross unfavorable impact of $39 million for the year, but the company managed to mitigate approximately 85% of these headwinds through pricing and sourcing actions [16] Q&A Session Summary Question: What is the sales growth outlook for 2026 by region? - The tower crane business is expected to continue strong, particularly in Europe, while the U.S. market presents mixed signals due to tariffs [26] Question: Can you discuss the crane-space safety strategy for 2026? - The strategy is expected to maintain a flat cadence, with non-new machine sales anticipated to remain stable despite some headwinds from tariffs [27][28] Question: What were the orders in January? - January orders were approximately $225 million, supported by a successful winter campaign for tower cranes [33] Question: Can you provide an update on the Manitowoc Way and LEAN implementation? - The company is making significant progress in LEAN practices, focusing on shop floor efficiency and customer experience improvements [34][35] Question: How do you see the first quarter looking? - The first quarter is expected to face headwinds from tariffs and foreign exchange impacts, leading to lower performance compared to the rest of the year [37]

CANFIELD, Ohio & MIDDLEFIELD, Ohio--(BUSINESS WIRE)--Farmers National Banc Corp. ("Farmers†) (NASDAQ: FMNB), the holding company for The Farmers National Bank of Canfield, and Middlefield Banc Corp. ("Middlefield†) (NASDAQ: MBCN), the holding company for The Middlefield Banking Company, jointly announced today that shareholders of Farmers and Middlefield each have approved the proposed merger of Middlefield with and into Farmers (the "Merger†). The Merger is expected to be completed during the. ...

Financial Data and Key Metrics Changes - The company generated $1.1 billion of after-tax operating income in Q4 2025, a 26% increase from Q4 2024 [4] - The full year 2025 produced $3.7 billion of after-tax operating income, resulting in after-tax operating earnings per share of $9.84 and a 17.1% annualized operating return on average common equity [4] - Book value per share increased by 22.6% in 2025, with a compound annual growth rate exceeding 15% since inception [5] Business Line Data and Key Metrics Changes - The insurance group delivered $119 million of underwriting income in Q4 2025, with a combined ratio of 90.8% [6] - Gross premiums written in the insurance segment increased by 2% from Q4 2024, while net premiums written declined year-over-year [6][14] - The reinsurance segment achieved a record $1.6 billion of underwriting income for the year, with a combined ratio of 74.9% in Q4 2025 [9] - The mortgage segment produced $1 billion of underwriting income for the year, maintaining strong performance [10][16] Market Data and Key Metrics Changes - In North America, the company continues to grow in specialty casualty lines, while international pricing is tracking slightly below loss trends [8] - The rate environment in North America is largely keeping pace with loss-cost trends, while competition is increasing in several lines of business [5][8] Company Strategy and Development Direction - The company emphasizes a diversified business model and disciplined risk selection as key differentiators in a competitive market [5] - The Arch Playbook remains a valid strategy for navigating the evolving market conditions [5] - The company aims to maximize long-term shareholder value through share buybacks and disciplined capital management [4][20] Management's Comments on Operating Environment and Future Outlook - Management expressed measured optimism heading into 2026, acknowledging increased competition but confidence in the company's ability to deliver strong returns [5] - The company is focused on maintaining underwriting discipline and adapting to changing market conditions [11] - Management highlighted the importance of leveraging data and analytics for improved risk selection [11] Other Important Information - The company recognized a full-year effect of the Bermuda Tax Credits Act 2025, impacting financial results positively [17][18] - The effective tax rate for 2025 was 14.9%, with expectations to return to the 16%-18% range in 2026 [19] Q&A Session Summary Question: Opportunities in property cat reinsurance - Management clarified that opportunities mentioned were not in property cat but in other geographies and specialty lines [23] Question: Capital management and buyback pace - Management indicated that share buybacks would depend on market conditions and stock price, with expectations to remain active throughout the year [24] Question: MCE re-underwriting impact - Management noted that the re-underwriting would impact top line in 2026, with no significant seasonality expected [25] Question: Casualty reinsurance market conditions - Management acknowledged that margins are under pressure but expressed optimism about the business due to a diversified platform [42][44] Question: Demand for casualty reinsurance - Management indicated that while there is stable demand, the willingness of cedents to retain more business has added to competition [52] Question: Impact of Bermuda tax credits on expenses - Management stated that the Bermuda tax credits would benefit the expense ratio but did not expect significant changes in other expense items [93]

LONDON and FREDERICIA, Denmark and VANCOUVER, British Columbia, Feb. 10, 2026 (GLOBE NEWSWIRE) -- Exolum, Methanex Corporation (TSX: MX) (Nasdaq: MEOH) and Ørsted, today announced the launch of the United Kingdom’s (U.K.) first commercially ready biomethanol storage and supply service for shipping at the Port of Immingham. The Port of Immingham is the U.K.’s largest port by cargo volume and a critical gateway for energy and bulk materials, making it an important hub for maritime operations and low‑carbon fu ...

Principal Financial Group (NasdaqGS:PFG) Q4 2025 Earnings call February 10, 2026 10:00 AM ET Speaker7Morning and welcome to the Principal Financial Group 4th Quarter 2025 Financial Results and 2026 Outlook Conference Call. There will be a question and answer period after the speakers have completed their prepared remarks. To ask a question during the session, you will need to press star 11 on your telephone. To withdraw your question, please press star 11 again. We would ask that you be respectful of others ...

The Bank of N.T. Butterfield & Son (NYSE:NTB) Q4 2025 Earnings call February 10, 2026 10:00 AM ET Speaker5Good day, and welcome to the Butterfield Fourth Quarter 2025 Earnings Conference Call. All participants will be in a listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star, then one on your touchtone phone, and to withdra ...

GCM Grosvenor (NasdaqGM:GCMG) Q4 2025 Earnings call February 10, 2026 10:00 AM ET Speaker6Good day and welcome to the GCM Grosvenor 4th Quarter and Full Year 2025 Results webcast. Later we will conduct a question and answer session. If you are interested in asking a question, please ensure you dial in using the numbers you have been provided for this call and press star one on your keypad to join the queue. If anyone should require operator assistance, please press star then zero on your telephone. As a rem ...

T-Mobile US, Inc. (NASDAQ:TMUS) is one of the stocks in focus on Jim Cramer’s game plan. Cramer called it “one-time fan fave,” as he said: Maybe we can find out what’s the matter with one-time fan fave T-Mobile, with a stock that’s fallen off K2. This thing acts, or at least it trades like it’s got slower growth than Verizon. How’s that possible? We get earnings and analyst presentation, and hopefully some answers. T-Mobile US, Inc. (NASDAQ:TMUS) is a wireless voice, messaging, and data services compan ...

Group 1 - McDonald's Corporation is highlighted as a stock with potential for positive performance, particularly due to the recent reduction in tariffs on Argentinian beef, which could benefit the company and its competitors [1] - The company operates and franchises restaurants that offer a variety of food items, including burgers and chicken sandwiches, and is noted for its daily promotional deals that attract customers [2] - There is an expectation that cattle prices have peaked, suggesting a potential decrease in costs for McDonald's, which could enhance its profitability and make the stock a buy opportunity [2] Group 2 - While McDonald's is recognized as a viable investment, there are other AI stocks that may present greater upside potential and lower downside risk, indicating a competitive investment landscape [3]

Vertiv Holdings Co (NYSE:VRT) is one of the stocks in focus on Jim Cramer’s game plan. Cramer showed neutrality regarding the stock’s price action after its upcoming earnings, as he said: Wednesday, we have some possible blowouts. Let’s start with Vertiv, which makes power and cooling equipment for the data center. Could be a monster quarter, but will anyone care? Depends on the mood of the day, I guess. Vertiv Holdings Co (NYSE:VRT) designs, manufactures, and manages power and cooling systems for data ...