Johnson Outdoors (NasdaqGS:JOUT) Q1 2026 Earnings call February 06, 2026 11:00 AM ET Company ParticipantsDavid Johnson - VP and CFOHelen Johnson-Leipold - Chairman and CEOPatricia Penman - Head of Investor RelationsConference Call ParticipantsAnthony Lebiedzinski - Senior Equity Research AnalystOperatorHello everyone and welcome to the Johnson Outdoors first quarter 2026 earnings conference call. Today's call will be led by Helen Johnson-Leipold, Johnson Outdoors Chairman, Chief Executive Officer. Also on t ...

CNO Financial Group (NYSE:CNO) Q4 2025 Earnings call February 06, 2026 11:00 AM ET Company Participants Adam Auvil - VP of Investor Relations Eric Johnson - Chief Investment Officer Gary Bhojwani - CEO Paul McDonough - CFO Operator Hello everyone, thank you for joining us, and welcome to the CNO Financial Group fourth quarter earnings call. After today's prepared remarks, we will host a question and answer session. If you would like to ask a question, please press star 1 on your telephone keypad. To withdra ...

Financial Data and Key Metrics Changes - The company reported a loss before income taxes of $1.3 million for the first quarter, significantly improved from a pretax loss of $18.9 million in the same quarter last year, driven by revenue growth and improving margins [8] - Gross margin improved to 36.6%, up 6.7 percentage points from the prior year, primarily due to overhead absorption from higher volumes and price increases offsetting material cost increases [8] - Operating expenses increased by $2.1 million compared to the previous year, mainly due to increased sales volume-related expenses, partially offset by decreased warranty expenses [8] Business Line Data and Key Metrics Changes - The fishing segment, particularly the Minn Kota and Humminbird brands, showed solid performance with strong demand for new products like the XPLORE Series and MEGA Live 2 fish finders [4] - In the camping and watercraft segment, investments in digital and e-commerce have paid off, with Jetboil and Old Town seeing growth driven by online sales [4][5] - The diving segment experienced increased sales due to improved global market conditions and successful product innovations, particularly the SCUBAPRO's new HYDROS PRO 2 [5][6] Market Data and Key Metrics Changes - The company noted that markets have stabilized, contributing to double-digit growth in the first quarter, which is typically a slower period [3] - Trade inventory levels were reported to be in a healthy position, allowing for good sell-in during the first quarter [17] Company Strategy and Development Direction - The company aims to maintain a strong innovation pipeline, grow digital and e-commerce momentum, and improve product costs and operating efficiency through cost-saving initiatives [7] - The focus on innovation is seen as critical for maintaining market leadership amid strong competition [13] Management Comments on Operating Environment and Future Outlook - Management expressed optimism about the start of fiscal 2026, highlighting improved profitability and execution of growth plans despite uncertainties in the broader environment [4][6] - The company remains confident in its ability to create long-term value for shareholders, with a debt-free balance sheet and ongoing dividend payments [9] Other Important Information - The inventory balance at the end of the first quarter was $183.9 million, down about $17.7 million from the previous year [9] Q&A Session Summary Question: Pricing versus unit volumes - Management indicated that most of the revenue increase was driven by unit volume, although pricing adjustments were made in response to cost increases [12] Question: Contribution of new products to sales - Management confirmed that innovation remains critical, with improvements in new product success rates observed over the last couple of years [15] Question: E-commerce revenue percentage and growth goals - E-commerce is the fastest-growing channel for the company, with goals to continue expanding it at a faster pace than overall business growth [16] Question: Current trade inventory levels - Management reported that trade inventory levels are healthy, allowing for good sell-in during the first quarter [17] Question: Future cost savings initiatives - Management emphasized that cost savings initiatives will continue to be a key strategy, especially in volatile supply chain conditions [18] Question: Warranty expense impact on operating expenses - Warranty expenses were noted to have decreased, contributing to a slight reduction in operating expense percentage [19] Question: Future tax rate expectations - Management indicated that the tax rate may fluctuate based on profits in various geographies, particularly due to a valuation allowance in the U.S. [21]

CNO Financial Group (NYSE:CNO) Q4 2025 Earnings call February 06, 2026 11:00 AM ET Speaker3Hello everyone, thank you for joining us, and welcome to the CNO Financial Group fourth quarter earnings call. After today's prepared remarks, we will host a question and answer session. If you would like to ask a question, please press star 1 on your telephone keypad. To withdraw your question, press star 1 again. We will now hand the call over to Adam Auvil, VP of Investor Relations. Please go ahead.Speaker0Good mor ...

Results for 4 th Quarter + FY 2025 2026 Guidance FEBRUARY 5, 2026 Change Presentation Title on First Master Slide Table of Contents ACHIEVEMENTS OVER THE PAST 6 YEARS • Page 3 RESULTS FOR 4 TH QUARTER + FY 2025 • Page 4 2026 GUIDANCE • Page 7 FACTORS SUPPORTING GROWTH • Page 9 PORTFOLIO UPDATE • Page 15 CONCLUSION • Page 21 APPENDICES 2 2 • Page 25 • Safe Harbor | Page 26 • Definitions + Glossary | Page 27 • Reconciliations | Page 32 Achievements Over the Past Six Years1 • Increased Total Portfolio size by ...

Shoppes of Paradise Lakes | Miami, FL Suburb February 2026 Q4 2025 Earnings Presentation Safe Harbor and Non-GAAP Disclosures PECO's Safe Harbor Statement This presentation contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Privat ...

Financial Data and Key Metrics Changes - The operating loss for Q1 2026 was $1.3 million, significantly improved from a pretax loss of $18.9 million in the same quarter of the previous year, driven by revenue growth and improving margins [8] - Gross margin improved to 36.6%, up 6.7 percentage points from the prior year, primarily due to overhead absorption from higher volumes and price increases offsetting material cost increases [8] - Inventory balance at the end of Q1 was $183.9 million, down approximately $17.7 million from the previous year [9] Business Line Data and Key Metrics Changes - The fishing segment, particularly the Minn Kota and Humminbird brands, showed solid performance with strong demand for new products like the XPLORE Series and MEGA Live 2 fish finders [4] - In the camping and watercraft segment, investments in digital and e-commerce have driven growth, with Jetboil and Old Town performing well [5] - The diving segment saw increased sales due to improved global market conditions and innovation, particularly with the SCUBAPRO's new HYDROS PRO 2 product [5] Market Data and Key Metrics Changes - The overall market showed signs of stabilization, contributing to double-digit growth in Q1 2026, which is typically a slower period for the company [3] - Trade inventory levels were reported to be in a healthy position, allowing for good sell-in during the first quarter [17] Company Strategy and Development Direction - The company aims to maintain a strong innovation pipeline, enhance digital and e-commerce momentum, and improve product costs and operating efficiency through cost-saving initiatives [6][7] - The focus on digital engagement is seen as a key opportunity to strengthen connections between products, retail partners, and consumers [5] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the start of fiscal 2026, despite uncertainties in the broader environment, and highlighted the execution of plans to accelerate growth [4] - The company remains confident in its ability to create long-term value for shareholders, with a debt-free balance sheet and ongoing dividend payments [9] Other Important Information - The company continues to focus on optimizing product costs and efficiency, especially in light of supply chain volatility [18] Q&A Session Summary Question: Pricing versus unit volumes - The increase in the quarter was primarily driven by unit volume, although pricing adjustments were made in response to cost increases [12] Question: Contribution of new products to sales - Innovation remains critical, and there has been an improvement in the success rate of new products over the last couple of years [14] Question: E-commerce revenue percentage and growth goals - E-commerce is the fastest-growing channel, with goals to continue expanding it at a faster pace than overall business growth [16] Question: Current trade inventory levels - Trade inventory is in a good position to react to sell-in, with expectations for consumer takeaway as the season begins [17] Question: Future cost savings initiatives - The company plans to continue working on cost savings initiatives to optimize product costs and improve efficiency [18] Question: Warranty expense impact on operating expenses - Warranty expense contributed to a decrease in operating expense percentage, although it was less than a point [19] Question: Future tax rate expectations - The tax rate may fluctuate based on profits in various geographies, with a valuation allowance affecting U.S. tax expenses [20]

Financial Data and Key Metrics Changes - For Q4 2025, Plains reported Adjusted EBITDA of $738 million and full-year Adjusted EBITDA of $2.833 billion, indicating a pivotal year despite market challenges [3][4] - The crude oil segment Adjusted EBITDA was $611 million, while the NGL segment reported $122 million, reflecting seasonal impacts and market conditions [11][12] - The company expects 2026 Adjusted EBITDA guidance of $2.75 billion at the midpoint, with a 13% year-over-year growth in the crude segment [7][8] Business Line Data and Key Metrics Changes - The crude oil segment's performance was bolstered by the Cactus 3 acquisition, contributing to overall EBITDA despite challenges from recontracting [11] - The NGL segment's performance was impacted by warm weather and weak frac spreads, leading to a moderated seasonal uptick [11] - The company anticipates $100 million of EBITDA from the NGL segment post-divestiture, along with $10 million of other income [8] Market Data and Key Metrics Changes - Permian crude production is expected to remain flat year-over-year in 2026, with overall basin volumes projected to be about 6.6 million barrels by year-end [8] - The company noted a cautious optimism among larger producers in the Permian Basin, with a focus on efficiency and inventory preservation [29][30] Company Strategy and Development Direction - Plains is transitioning to a peer-play crude company, focusing on streamlining operations and enhancing cash flow durability through strategic acquisitions and divestitures [3][4] - The company is targeting $100 million in annual savings through efficiency initiatives by 2027, with half expected to be realized in 2026 [4][24] - The acquisition of the Wild Horse Terminal is expected to enhance storage capacity and generate returns above internal thresholds [7] Management's Comments on Operating Environment and Future Outlook - Management highlighted the importance of executing on efficiency initiatives and closing the NGL divestiture to position the company competitively for the future [15] - The geopolitical environment and OPEC actions were noted as challenges, but management remains focused on long-term growth and stability [3][15] - The company expressed confidence in the ability to grow beyond 2026, supported by self-help initiatives and market fundamentals [58] Other Important Information - A 10% increase in quarterly distribution was announced, bringing the annual distribution to $1.67 per unit, representing an 8.5% yield [8][9] - The company plans to reduce its distribution coverage ratio threshold from 160% to 150%, reflecting improved visibility and alignment with peers [9][10] Q&A Session Summary Question: Synergies from Cactus Pipeline - Management confirmed achieving $50 million in synergies, with half from G&A and OPEX reductions and the rest from optimizing pipeline capacity [20][21] Question: Cost Savings Initiatives - The NGL business sale allows for a comprehensive review of company structure, targeting $100 million in savings by 2027 [24][25] Question: Permian Basin Outlook - Management noted cautious optimism among producers, with a focus on efficiency and inventory preservation, expecting growth to resume in 2027 [29][30] Question: Distribution Coverage Ratio - The reduction to 150% is seen as conservative, allowing for routine investments and distribution growth [37][73] Question: Growth Capital Expenditures - The 2026 growth CAPEX is guided at $350 million, aligning with typical investment levels, focusing on ongoing projects and potential expansions [41][42]

Financial Data and Key Metrics Changes - Assets under management (AUM) decreased to $159 billion from $169 billion due to net outflows and market performance [6][14] - Total sales were $5.3 billion, down from $6.3 billion in the previous quarter [6][15] - Net outflows totaled $8.1 billion, significantly higher than $3.9 billion in the prior quarter [7][16] - Earnings per share, as adjusted, declined to $6.50 from $6.69 in the third quarter [9][21] - Operating margin decreased to 32.4% from 33% in the previous quarter [9][20] Business Line Data and Key Metrics Changes - Equity net outflows were primarily driven by quality-oriented strategies, with institutional net outflows of $3 billion [7][16] - Fixed income strategies experienced modestly negative net flows of $0.1 billion, while alternative strategies were essentially break-even [7][16] - ETFs generated $0.6 billion of positive net flows, sustaining strong organic growth [16] Market Data and Key Metrics Changes - The market environment favored momentum-driven stocks, leading to underperformance in quality-oriented equity strategies [3][10] - January sales showed improvement, reaching the highest level since June, indicating a potential shift in investor sentiment [8] Company Strategy and Development Direction - The company is focusing on broadening its product offerings, including the launch of new actively managed ETFs and expansion into private markets [4][5] - The acquisition of Keystone National Group aims to enhance private market offerings and provide differentiated strategies [12][13] - The company is also exploring opportunities for diversification, particularly in non-U.S. markets and growth equity strategies [30][32] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenging environment for quality-oriented equity strategies but expressed confidence in their long-term performance [3][10] - There are encouraging signs of broadening investor sentiment, with hopes for improved flows in the upcoming quarters [8][42] - The company remains committed to balancing capital priorities, including investments in growth and returning capital to shareholders [54] Other Important Information - The company repurchased approximately 60,000 shares for $10 million during the quarter, with a total of $60 million used for share repurchases over the year [11][22] - The effective tax rate was 25.3%, with expectations to decrease to 23%-24% in the second quarter due to the addition of Keystone [21] Q&A Session Summary Question: Can you elaborate on the fee rate compression in the quarter? - The fee rate was impacted by discrete expenses, particularly on the ETF side, but remained relatively stable quarter-over-quarter [25][26] Question: What are the future transaction opportunities for diversification? - The company is considering both private markets and growth equity strategies for future transactions, focusing on broadening distribution channels [29][30] Question: What is the software exposure across AUM? - The company is generally underweight in technology, which has affected the performance of quality-oriented equities [39][40] Question: What drove the acceleration in negative flows in Q4? - The negative flows were primarily due to the underperformance of quality-oriented strategies and seasonal tax loss harvesting [41][42] Question: Can you discuss the growth opportunities from the Keystone transaction? - There is significant potential to leverage Keystone's existing capabilities in wealth management and institutional channels for growth [48][49]

Cousins Properties (NYSE:CUZ) Q4 2025 Earnings call February 06, 2026 10:00 AM ET Anthony Paolone - Executive Director Brendan Lynch - Director Colin Connolly - President and CEO Gregg Adzema - EVP and CFO Kennedy Hicks - EVP and Chief Investment Officer Pamela Roper - General Counsel Richard Hickson - EVP of Operations Conference Call Participants Andrew Berger - Analyst Blaine Heck - Analyst Dylan Burzinski - Senior Analyst John Kim - Analyst Nick Thillman - Analyst Shashank Saravanan - Analyst Upal Rana ...