Financial Data and Key Metrics Changes - Revenue for the fourth quarter was reported at $466.7 million, a 6.6% increase year-over-year [9] - Year-over-year revenue growth exceeded 7%, with significant free cash flow generated [4] - Net income and diluted earnings per share were reported at $31.2 million and $0.44 per share, including an $8.3 million benefit related to tax treatment [11] - Cash flow from operations was reported at $17.4 million, adjusted to $36.4 million after accounting for a decrease in payroll accrual [11] Business Line Data and Key Metrics Changes - Environmental services segment revenues were reported at $210.8 million with a margin of 12.6% [9] - Dietary services segment revenues were reported at $255.9 million with a margin of 7.2% [9] - Cost of services was reported at $394.6 million, or 84.6%, with a goal to manage it in the 86% range for 2026 [9][10] Market Data and Key Metrics Changes - The company anticipates mid-single-digit revenue growth for 2026, supported by strong industry fundamentals and demographic trends [5][7] - The first baby boomers will turn 80 in 2026, increasing demand for long-term and post-acute care services [5] Company Strategy and Development Direction - The top three strategic priorities for 2026 include driving growth through management development, managing costs through operational execution, and optimizing cash flow [7] - The company plans to repurchase $75 million of common stock over the next 12 months, following the completion of a $50 million share repurchase plan [8][15] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the administration's focus on rationalizing regulations to better align with the needs of vulnerable populations [7] - The company is well-positioned to capitalize on opportunities in the market, with a robust business model and strong balance sheet [45] Other Important Information - The company ended the year with cash and marketable securities of $203.9 million, and an undrawn credit facility of $300 million [14] - The effective tax rate for 2026 is expected to be approximately 25% [11] Q&A Session Summary Question: Revenue upside opportunity in the nursing home sector - Management highlighted that growth is largely execution-based, with a robust sales pipeline and strong demand for services [19] Question: Margin expectations for 2026 - Margins are expected to continue improving due to strong service execution and operational efficiencies [21][22] Question: Split of campus services revenue - Campus services revenue is split evenly between the CSG brand and Meriwether Godsey, with expectations for accelerated organic growth [26][27] Question: Cash from operations trajectory for 2026 - Management expects cash from operations to approximate net income, with consistent margins and revenue growth [29] Question: Balancing share buybacks with M&A opportunities - The company is confident in its liquidity position, allowing for simultaneous focus on organic growth, M&A, and share buybacks [30][31] Question: New business additions for 2026 - Management anticipates continued organic growth driven by execution and a robust pipeline, with timing of new business adds being fluid [36][39] Question: Performance across different facility types - Service execution has remained consistent across all service segments and facility types, with expectations for continued strong performance [41]

Financial Data and Key Metrics Changes - SharkNinja achieved $6.4 billion in net sales for 2025, up nearly 16% year-over-year, with domestic net sales growing 13.5% and international net sales increasing 20.8% [23][24] - Adjusted EBITDA increased more than 19% year-over-year to $1.14 billion, with adjusted EBITDA margins expanding approximately 50 basis points [23][29] - Adjusted earnings per share reached a record $5.28, up nearly 21% year-over-year [23] Business Line Data and Key Metrics Changes - Net sales in the cleaning category increased 3.4% year-over-year to $670 million, with carpet extraction being a standout performer [26] - The cooking and beverage category saw net sales increase 11.7% year-over-year to $667 million, driven by the success of the Ninja Luxe Cafe Espresso Machine [26] - The food preparation category experienced a 28.1% year-over-year increase in net sales to $438 million, with strong momentum in frozen treats [26] - The beauty and home environment category grew 63.2% year-over-year to $326 million, the highest growth rate of the year [27] Market Data and Key Metrics Changes - The U.S. market that SharkNinja participates in declined in the low single digits year-over-year for 2025, while SharkNinja gained market share across all four category groupings [7] - The U.K. business grew 9.2% year-over-year in Q4, despite declines in air fryer sales, showcasing the strength of diversification [25] - Latin America, particularly Mexico, showed triple-digit growth, indicating strong momentum and future opportunities [21] Company Strategy and Development Direction - SharkNinja's strategy focuses on diversification across products, channels, and geographies, which is seen as a foundational driver of success [8][21] - The company plans to expand into new categories, with significant excitement around launches in 2026, including two additional subcategories [15] - SharkNinja aims to maintain leadership in existing categories through relentless innovation and execution [17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to operate effectively in challenging consumer environments, emphasizing consistent execution and durable performance [8] - The outlook for 2026 includes expected net sales growth of 10% to 11% and adjusted net income per diluted share in the range of $5.90 to $6, reflecting a 12% to 14% year-over-year increase [37] - Management highlighted the importance of consumer trust and engagement as central to the company's growth strategy [4][42] Other Important Information - SharkNinja announced a $750 million share repurchase program, reflecting strong cash generation and balance sheet strength [14][35] - The company completed its global Oracle implementation and launched Salesforce in the U.S. and Canada to enhance its direct-to-consumer platform [11] Q&A Session Questions and Answers Question: What is the medium-term growth algorithm for the U.S. business? - Management indicated that the U.S. business is expected to grow at a double-digit rate in 2026, driven by strong D2C growth and retailer support [46] Question: Can you provide context regarding the expansion and its impact on growth margin and expense control? - Management noted that growth in the first half of 2026 will be supported by strong sales, with expectations for continued expense control [47] Question: How do you see the international segment growth profile evolving in 2026? - Management expects international growth to outpace domestic growth, particularly in Latin America and EMEA, with a focus on transitioning to a direct model in various countries [52][54] Question: Can you discuss the customer demographics being attracted through the beauty segment? - Management highlighted that the beauty segment is attracting a younger demographic, including young males, and emphasized the potential for expanding the beauty tech market [64] Question: How would you define the success of recent celebrity campaigns? - Management noted significant growth in social media engagement and brand visibility as indicators of success from celebrity partnerships [70]

Financial Data and Key Metrics Changes - Net sales for Q4 2025 increased approximately 10.5% to $1.143 billion from $1.034 billion in Q4 2024, driven by a 9.7% increase in organic sales and a 0.8% contribution from acquisitions [12][15] - Gross profit increased 10.2% to $276.6 million, with gross profit margins decreasing approximately 8 basis points to 24.2% [15] - Adjusted EBITDA for Q4 2025 was $80.3 million, compared to $68.2 million for the prior year [17] - Adjusted net income was $29.9 million or $0.68 per diluted share for Q4 2025, compared to $23.9 million or $0.55 per diluted share for Q4 2024 [17] Business Line Data and Key Metrics Changes - Organic specialty sales grew 6.4% year-over-year, driven by unique placement growth of 4.2% and reported specialty case growth of 3.3% [7] - Excluding the Texas Produce Processing and Packaging Program, specialty case growth was 5.4% compared to the prior year [8] - Pounds in Center of the Plate were approximately 2.4% lower than the prior year, but excluding the Texas Commodity Poultry Program attrition, growth was 7.5% higher [8] Market Data and Key Metrics Changes - Net inflation was 8.3% in Q4 2025, with 3.4% inflation in the specialty category and 16.1% in the center of plate category [13] - Excluding the impact of the Commodity Poultry Program attrition, net inflation in center of the plate was 9.5% [13] Company Strategy and Development Direction - The company aims to continue growing market share and expanding its customer base, focusing on upscale casual to higher-end dining [5][29] - Investments in distribution center capacity expansion and facility consolidation are ongoing, with a focus on operational efficiency and talent acquisition [10][11] - The company is cautiously optimistic about overcoming challenges such as inflation and tariff noise, leveraging a diversified portfolio of suppliers [29] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strong performance of January 2026 despite challenges from winter weather, indicating a strong recovery in February [21] - The company anticipates revenue growth of 6%-8% for 2026, with a focus on maintaining operating expense leverage [37] - Management remains optimistic about the M&A environment, looking for strategic opportunities while maintaining a strong balance sheet [51][52] Other Important Information - The company achieved over $4 billion in revenue for the first time in its history, with a full-year organic revenue growth of 9.1% [10] - Total liquidity at the end of Q4 2025 was $280.5 million, with net debt to adjusted EBITDA at approximately 2.1 times [18] Q&A Session Summary Question: How have year-to-date sales tracked versus expectations given the winter weather? - Management reported that January was strong, and the storm only temporarily impacted the first week of February, with a strong recovery in the second week [21] Question: Can you discuss the drivers of operating expense leverage? - Management indicated that gross profit margins are expected to remain flat, focusing on growing gross profit dollars higher than adjusted operating expenses [23] Question: What are the biggest challenges or uncertainties for 2026? - Management highlighted inflation, tariff noise, and the need for continued growth as key challenges, but expressed cautious optimism due to a diversified customer base [29] Question: What are the capital allocation priorities for 2026? - Management aims to keep dry powder for potential acquisitions while also returning cash to shareholders opportunistically [31] Question: Any notable regional performance variances? - Management reported strong performance across key markets, including California, Texas, and Florida, with ongoing investments in facilities and sales force [41][42] Question: How is the company leveraging AI for dynamic pricing and customer behavior analysis? - Management stated that AI is ingrained in operations, continuously improving insights into customer behavior and operational efficiencies [49] Question: What is the outlook for the M&A environment? - Management remains cautious but optimistic about finding strategic M&A opportunities that align with the company's growth objectives [51][52]

GXO Logistics (NYSE:GXO) Q4 2025 Earnings call February 11, 2026 08:30 AM ET Company ParticipantsBaris Oran - CFOJeff Kauffman - PartnerKristine Kubacki - Chief Strategy OfficerMadison Osias - Financial AdvisorPatrick Kelleher - CEORicha Harne - Director of Institutional Equity SalesRyan Thomas - Executive Director and Product Lead in Growth Engine and AI StrategyConference Call ParticipantsDavid Zazula - Senior Equity AnalystKevin Gainey - Senior Research AnalystOdai Khan - Director and Equity Research Ana ...

Kornit Digital (NasdaqGS:KRNT) Q4 2025 Earnings call February 11, 2026 08:30 AM ET Company ParticipantsAndrew Backman - Chief Capital Markets OfficerAssaf Zipori - CFOErik Woodring - Managing Director of Equity ResearchRonen Samuel - CEOTroy Jensen - Managing DirectorConference Call ParticipantsBrian Drab - Partner and Equity Research Analyst of Industrial TechnologyChris Moore - Senior AnalystGreg Palm - Senior Research AnalystJames Ricchiuti - Senior AnalystTavy Rosner - Vice President and Equity Research ...

Kornit Digital (NasdaqGS:KRNT) Q4 2025 Earnings call February 11, 2026 08:30 AM ET Company ParticipantsAndrew Backman - Chief Capital Markets OfficerAssaf Zipori - CFOErik Woodring - Managing Director of Equity ResearchRonen Samuel - CEOTroy Jensen - Managing DirectorConference Call ParticipantsBrian Drab - Partner and Equity Research Analyst of Industrial TechnologyChris Moore - Senior AnalystGreg Palm - Senior Research AnalystJames Ricchiuti - Senior AnalystTavy Rosner - Vice President and Equity Research ...

Financial Data and Key Metrics Changes - The company reported earnings per share (EPS) of $4.93 for the year, consistent with expectations, and EBITDA of $635 million, representing an 11.7% margin [10][15] - Free cash flow improved by 71% to $325 million, achieving a cash conversion rate of 147% [15] - Total net sales for Q4 were $1.3 billion, a 6% year-over-year increase, while full-year net sales grew to $5.4 billion [12][13] Business Line Data and Key Metrics Changes - Environmental Solutions segment sales reached $428 million in Q4, a 14.1% year-over-year growth, with full-year sales increasing by 12.7% [16] - Materials Processing (MP) segment sales were $428 million in Q4, down 2.5% year-over-year, but grew by 2.8% on a like-for-like basis when excluding divested businesses [17] - Aerials segment secured nearly $1 billion in new orders in Q4, up 46% from the prior year, with a positive margin expansion trend [11][18] Market Data and Key Metrics Changes - The company noted strong demand in the Utilities market, with forecasts indicating 8%-15% annual CapEx growth through 2030 [9] - The construction sector is supported by government funding, with a growing pipeline of megaprojects expected to provide tailwinds through at least 2030 [9] - The company has a significant addressable market, collectively spending $200 billion per year on capital equipment across municipalities in the U.S. [9] Company Strategy and Development Direction - The merger with REV Group is seen as a defining milestone, creating a leading specialty equipment manufacturer with a strong manufacturing footprint and technology capabilities [5][6] - The company aims to achieve $75 million in run-rate synergies within two years from the merger, with $37.5 million expected within the next 12 months [7] - A strategic review of the Aerials business is ongoing, with strong inbound interest from potential buyers [8] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate macroeconomic challenges and highlighted positive momentum across most segments for 2026 [10][20] - The outlook for 2026 includes expected sales growth of approximately 5% on a pro forma basis, with pro forma EBITDA anticipated to grow by about $100 million [20][21] - The effective tax rate is expected to rise to 21% due to higher U.S. dollar income, with EPS guidance for 2026 set between $4.50 and $5 [21] Other Important Information - The company plans to invest over $118 million in capital expenditures to fuel organic growth, focusing on automation and efficiency improvements [24] - The merger has a modest 3% diluted effect on EPS in 2026 due to an increased number of shares outstanding post-merger [21] Q&A Session Summary Question: What is the pricing outlook for the MP segment? - Management indicated a progressive increase in margins driven by pricing, expecting this trend to continue into 2026 [29] Question: How will tariffs impact the Aerials segment? - Management expects flat revenue and margins in 2026 due to ongoing tariff impacts, with a more favorable pricing-cost dynamic anticipated in the second half of the year [31] Question: What is the plan for the REV integration? - The focus is on maintaining operational momentum and throughput, with a strong backlog in the specialty vehicle segment [40] Question: How is the Environmental Solutions segment performing? - The segment is expected to see continued growth, particularly in Utilities, with a strong backlog and improved margins anticipated [50][51] Question: What is the expected capacity increase in Utilities? - The company plans to expand capacity by 20%-30% over the next two years in the Utilities business to meet rising demand [88]

Shopify (NYSE:SHOP) Q4 2025 Earnings call February 11, 2026 08:30 AM ET Company ParticipantsCarrie Gillard - Director of Investor RelationsHarley Finkelstein - PresidentJeff Hoffmeister - CFOMartin Toner - Managing DirectorShweta Khajuria - Managing Director of Global InternetTim Chiodo - Managing DirectorConference Call ParticipantsColin Sebastian - Equity Research AnalystKeith Weiss - Equity Research AnalystKen Gawrelski - Senior Internet AnalystPaul Treiber - Director and Research AnalystCarrie GillardGo ...

Financial Data and Key Metrics Changes - Adjusted after-tax income per diluted share was $1.96, a 51% increase year-over-year [6] - Underwriting income reached $670 million, an increase of 48% year-over-year [6] - For the full year 2025, adjusted after-tax income per diluted share was $7.09, a 43% increase year-over-year [7] - Total adjusted after-tax income for the year was $4 billion, a 24% increase year-over-year [7] - The full year 2025 combined ratio was 90.1%, an improvement of 170 basis points from 2024 [46] Business Line Data and Key Metrics Changes - Global commercial net premiums written grew 3% year-over-year, totaling $17.4 billion [7] - North America Commercial grew net premiums written by 4%, with Retail Property contracting by 8% [8] - International Commercial net premiums written increased by 3%, primarily driven by Property and Global Specialty [8] - Global Personal net premiums written contracted by 3% due to higher ceded premiums under a reinsurance treaty [8] - New business in Global Commercial grew 9% year-over-year, with International new business up 10% [9] Market Data and Key Metrics Changes - North America casualty lines pricing remained favorable, with increases in the mid-teens for wholesale and excess casualty [10] - Retail property pricing was down 10%, and excess and surplus lines pricing was down 13% for the year [10] - International property pricing was up 3%, while energy pricing was down 10% due to abundant capacity [11] - Overall pricing in North America commercial renewal increased by 6%, excluding property [43] Company Strategy and Development Direction - AIG is focused on maintaining disciplined underwriting and capital management while pursuing growth through strategic transactions [12][18] - The company aims to achieve a sub-30% expense ratio by 2027, with a current expense ratio of 31.1% [9][46] - AIG is leveraging GenAI capabilities to enhance underwriting and claims processes, with plans for broader deployment in 2026 [26][30] - The company is positioned for growth through organic initiatives, strategic partnerships, and innovative capital structures [30] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in AIG's financial strength and liquidity to execute strategic objectives [13] - The company anticipates low- to mid-teens net premiums written growth in General Insurance for 2026 [31] - Management highlighted the importance of maintaining underwriting discipline amid competitive market conditions [10][43] - The leadership transition is expected to support AIG's strategic goals and financial guidance [32][33] Other Important Information - AIG returned $6.8 billion in capital to shareholders, including $5.8 billion in share repurchases and $1 billion in dividends [12] - The company achieved a 12.5% increase in quarterly dividends, marking the third consecutive year of significant dividend growth [12] - AIG's investment strategy has shifted towards higher-yielding assets, resulting in a net investment income increase of 8% year-over-year [11][47] Q&A Session Summary Question: Discussion on expense ratio expectations - Management indicated that the expense ratio is expected to be lower in 2026 compared to 2025, with a focus on managing corporate expenses [54][56] Question: Clarification on net premium written growth sources - Management noted that growth comes from various initiatives, including reinsurance benefits and organic growth, but did not provide specific breakdowns [58][60] Question: Additional details on casualty line margins - Management explained that additional margins in casualty lines are a result of conservative loss cost trend assumptions and macro uncertainties [66][68] Question: Breakdown of interest and dividends in investment portfolio - Management highlighted a significant transformation in the investment portfolio, with a focus on reinvesting in higher yields [70]

T-Mobile US (NasdaqGS:TMUS) Q4 2025 Earnings call February 11, 2026 08:30 AM ET Company ParticipantsCallie Field - President of Bussiness GroupJohn Saw - EVP and Advanced & Emerging TechnologiesJon Freier - President of Consumer GroupMichael Sievert - CEOMike Katz - President of Marketing , Strategy and ProductsPeter Osvaldik - CFOSrinivasan Gopalan - Board Member for Deutsche TelekomNone - Company RepresentativeNone - Company RepresentativeNone - Video NarratorConference Call ParticipantsBenjamin Swinburne ...