Financial Data and Key Metrics Changes - For the full year 2025, the company reported global revenue of $9.5 billion, growing 2% on a reported basis and 6% on an organic operational basis, with 4% from price and 2% from volume [21][22] - Adjusted net income grew 6% on a reported basis and 7% on an organic operational basis to $2.8 billion [21][22] - Full year adjusted gross margin of 71.9% grew 120 basis points on a reported basis, with foreign exchange having a favorable impact of 80 basis points [39] Business Line Data and Key Metrics Changes - The companion animal portfolio grew 5% operationally in 2025, with the Simparica franchise reporting $1.5 billion in revenue, growing 12% operationally [22][24] - The livestock portfolio achieved $2.8 billion in revenue, reflecting 8% organic operational growth, driven by broad-based growth across geographies and species [24][30] - Companion animal diagnostics delivered 13% operational revenue growth for the year, supported by the launch of new products [16][23] Market Data and Key Metrics Changes - International markets contributed significantly, with 8% organic operational revenue growth, while the U.S. delivered 4% organic operational growth [7][21] - The international companion animal business grew 7% operationally, driven by the Simparica and key dermatology franchises [28][30] - Livestock performance was particularly strong in the Brazilian cattle market, with broad-based growth across all core species [30][37] Company Strategy and Development Direction - The company is focused on advancing long-acting approvals and maintaining a robust pipeline to extend growth opportunities [8][19] - Strategic actions are being taken to sustain growth through competition, including optimizing channel mix and reinforcing scientific leadership [9][10] - The company aims to leverage its diverse portfolio and innovative capabilities to drive long-term growth and value creation [20][46] Management's Comments on Operating Environment and Future Outlook - Management noted that while there are economic pressures affecting pet owners, demand for animal health services remains strong [10][71] - The company expects gradual improvement in the macro environment as it moves through 2026, with guidance for 2026 set at 3%-5% organic operational revenue growth [18][42] - Management remains confident in the long-term fundamentals of the livestock market, driven by increasing protein consumption and favorable producer economics [18][30] Other Important Information - The company completed a convertible bond offering to support a $1.75 billion common stock buyback while maintaining a strong balance sheet [42] - A multi-year initiative to transition the ERP system is underway, aimed at enhancing operational efficiency and insight [38] Q&A Session Summary Question: Competition and Pricing Dynamics for 2026 - Management acknowledged the competitive landscape and the impact of new product launches on growth, particularly in the dermatology space [50][51] - Price increases are expected to return to a normal range of 2%-3%, with volume contributing to growth as well [52] Question: U.S. Companion Animal Operational Growth - Management indicated that the guidance incorporates current market conditions and the strength of the company's portfolio, despite competitive pressures [55][56] - The demand for animal health remains resilient, with consumers prioritizing spending on their pets [56][71] Question: Dynamics of Simparica Franchise Growth - The Simparica franchise continues to lead in the U.S. market, with significant room for expansion despite recent lower growth rates [62] - Management emphasized the importance of maintaining a strong market position and adapting to competitive pressures [62] Question: Revenue Recognition and Accounting Dynamics - Management clarified that operational changes have led to some revenue recognition shifts, which are factored into the guidance for 2026 [61][63] - The one-month lag in revenue recognition will be addressed with the implementation of fiscal year alignment in early 2026 [61][63]

Financial Data and Key Metrics Changes - In Q4, the company reported sales of nearly $1.5 billion, a 10.6% increase year-over-year, or 2.5% on an organic basis [6][10] - Adjusted EBITDA margin was 22.1%, and non-GAAP diluted earnings per share were $4.33, an 8% increase from the prior year [6][11] - For the full year, sales growth exceeded 6%, aligning with long-term expectations, and non-GAAP diluted earnings per share grew by 17% [8] Business Line Data and Key Metrics Changes - The connected frontline segment grew 3.6%, driven by mobile computing, while the asset visibility and automation segment grew 1.3%, led by printing and supplies [10] - Strong performance was noted in healthcare, manufacturing, and retail and e-commerce markets, while transportation and logistics faced tough comparisons in North America [7] Market Data and Key Metrics Changes - Asia Pacific sales increased by 13%, with Japan and India leading the growth, while Latin America saw an 8% increase, particularly in Mexico [10] - EMEA sales grew by 4%, with notable growth in Northern Europe and Germany, whereas North America experienced a 1% decline due to prior year large order activity [10] Company Strategy and Development Direction - The company is focusing on advancing intelligent operations through acquisitions and enhancing its portfolio in RFID, machine vision, and AI-powered solutions [5][16] - The acquisition of Elo Touch is expected to enhance the modern store experience and expand business opportunities across various sectors [19] - The company aims to capitalize on a $35 billion served market by improving efficiency and customer experience through its innovative solutions [16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence entering 2026, citing a solid backlog and pipeline supporting Q1 sales growth guidance of 11%-15% [13] - The company anticipates facing industry-wide price increases for memory components starting in Q2 but expects to fully mitigate this headwind [14] - Management highlighted ongoing investments in AI solutions and a strong demand environment across various sectors [78] Other Important Information - The company generated over $800 million in free cash flow for the year and repurchased more than $300 million in Q4, with an additional $1 billion share repurchase authorization [8][12] - Adjusted gross margin declined by 50 basis points to 48.2%, primarily due to lower service and software margins [11][89] Q&A Session Summary Question: Can you elaborate on the anticipated 2-point headwind from memory costs? - Management confirmed a 2-point gross margin headwind due to memory chip demand and price increases, with multiple mitigation strategies in place [30][32] Question: What is the visibility on the pipeline and revenue guidance for Q1? - Management noted that the strong finish to the previous year and the acquisition of Elo contributed to improved visibility and revenue guidance for Q1 [39][40] Question: How does the company plan to address potential product shortages in the second half of the year? - Management emphasized strong supplier relationships and proactive demand shaping to ensure product availability [66][69] Question: What are customers saying about their spending plans for 2026? - Customers are focused on investing in technology and improving efficiencies, with a solid backlog and pipeline supporting growth [78][79] Question: How is the company addressing the decline in software margins? - Management indicated that higher repair costs are impacting service margins, but improvements are expected as the unified platform transitions are completed [89][90]

Bruker (NasdaqGS:BRKR) Q4 2025 Earnings call February 12, 2026 08:30 AM ET Speaker8Good morning, everyone, and welcome to the Bruker Corporation 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 and then one using a touchtone telephone. To withdr ...

Onity Group (NYSE:ONIT) Q4 2025 Earnings call February 12, 2026 08:30 AM ET Speaker2Hello, and welcome everyone joining today's Onity Group's full year and fourth quarter earnings and business update conference call. At this time, all participants are in a listen-only mode. Later, you will have the opportunity to ask questions during the question and answer session. To register to ask a question at any time, please press star one on your telephone keypad. Please note, this call is being recorded. We are sta ...

Crocs (NasdaqGS:CROX) Q4 2025 Earnings call February 12, 2026 08:30 AM ET Speaker9Good day, and welcome to the Crocs, Inc. fourth quarter and full year 2025 earnings conference call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by 0. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star, then 1 on your telephone keypad. To withdraw your question, ple ...

Financial Data and Key Metrics Changes - In 2025, reported earnings per common share were CAD 3.40, an increase of CAD 0.16 compared to 2024, while adjusted EPS was CAD 3.53, up CAD 0.25 from the previous year [13][17] - The company achieved a one-year total shareholder return of nearly 24%, with average annual total shareholder returns of approximately 10% over the past 20 years [6][11] - The company maintained a strong liquidity position with CAD 2.7 billion of long-term debt issued in 2025 and nearly CAD 4 billion available on credit facilities at year-end [17][18] Business Line Data and Key Metrics Changes - Western Canadian utilities contributed a CAD 0.10 increase in EPS, driven by rate-based growth, including earnings from FortisBC's investment in the Eagle Mountain Pipeline Project [13][14] - U.S. electric and gas utilities delivered an eight-cent increase in EPS, with Central Hudson's growth attributed to rate-based growth and cost rebasing [14][15] - ITC's continued capital investments and related rate-based growth increased EPS by CAD 0.04, moderated by higher stock-based compensation and finance costs [16] Market Data and Key Metrics Changes - The Arizona Corporation Commission approved an energy supply agreement for approximately 300 MW to support a planned data center, with a 10-year contract including a 75% minimum billing requirement [9][24] - The company is negotiating for an additional 300 MW of capacity for the data center and exploring further capacity at a second site in the range of 500-700 MW [10][24] - The company is also focused on energy efficiency programs to help customers lower their bills and provide assistance to low-income customers [6][11] Company Strategy and Development Direction - The company rolled out a CAD 28.8 billion five-year capital plan, primarily focused on transmission and distribution assets, expecting a rate base increase of CAD 16 billion and average annual rate base growth of 7% [7][8] - The company aims to support 4%-6% annual dividend growth through 2030, continuing its commitment to increasing dividends for 52 consecutive years [11][21] - The company is actively pursuing incremental growth opportunities, including customer connections and MISO LRTP projects, while evaluating competitive bidding opportunities [8][10] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the regulatory environment, noting that the new chair of FERC is focused on improving the commission's operations and providing regulatory certainty [30][31] - The company is committed to addressing affordability concerns and ensuring that growth is achieved in a responsible manner for customers [25][62] - Management highlighted the importance of maintaining a strong focus on safety and reliability, with 2025 being one of the best years on record for these metrics [5][21] Other Important Information - The company was recognized for its governance practices, ranking number one in governance out of 206 companies in the S&P/TSX Composite Index [4] - The company has not utilized its CAD 500 million ATM program to date, which remains available for funding flexibility [17][18] Q&A Session Summary Question: Data center opportunity in Arizona - Management explained that the energy supply agreement is structured to ensure affordability and stability for customers, with the data center covering costs without requiring additional investments [24][25] Question: Updates from FERC - Management noted that while there has been chatter about potential updates, no specific information has been received, but there is optimism for movement on ongoing matters [29][30] Question: UNS Gas rate case - Management indicated that the upcoming ACC open meeting could provide clarity on the formulaic rate structure, but it is advisable to wait for the meeting for more information [69][70]

Financial Data and Key Metrics Changes - Total revenue for Q4 2025 declined by 2.3% year-over-year, with full year revenue at approximately $8.6 billion [4][8] - Adjusted EBITDA grew nearly 8% year-over-year to just over $900 million, marking the first quarter of year-over-year adjusted EBITDA growth in 16 quarters [5][26] - Adjusted EBITDA margin expanded to over 41%, up 380 basis points year-over-year, while gross margin reached approximately 70%, up 180 basis points [5][25] - Full year 2025 adjusted EBITDA was $3.4 billion, excluding the divested i24NEWS business [9] Business Line Data and Key Metrics Changes - Connectivity and all other revenue grew by 2% year-over-year, while video revenue declined almost 10% [22][23] - Broadband ARPU grew by 2.8% year-over-year to $76.71, the highest quarterly broadband ARPU in 14 quarters [24] - Mobile lines reached 623,000, representing 35% year-over-year growth, with mobile churn improving by over 700 basis points [19] - Video subscribers decreased by 13% year-over-year, with a net loss of 49,000 video subscribers in Q4, the lowest quarterly video net losses in over five years [20] Market Data and Key Metrics Changes - The competitive environment intensified, with unprecedented levels of promotional activity impacting subscriber growth [4][18] - The company experienced heightened price sensitivity among customers, contributing to fewer gross additions and higher churn year-over-year [18] - Lightpath revenue reached $468 million in full year 2025, representing 13% growth year-over-year, driven by demand from hyperscale customers [30] Company Strategy and Development Direction - The company is focused on simplifying operations to enhance customer and employee experiences, with priorities including improving broadband trajectory and maintaining financial discipline [10][11] - Investments in AI and automation are being leveraged to enhance operational efficiency and customer experience [12][13] - The company aims to balance capital expenditures with long-term economics, emphasizing fiber expansion and targeted network upgrades [16][17] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the hypercompetitive landscape and emphasized the importance of disciplined execution and operational improvements made in 2025 [39][41] - The company is optimistic about its ability to improve broadband trends and stabilize EBITDA in 2026, supported by the foundational work done in 2025 [41][42] - Management highlighted ongoing efforts to optimize costs without compromising network performance or customer experience [14][33] Other Important Information - Cash capital expenditures for full year 2025 totaled approximately $1.3 billion, with a capital intensity of less than 16%, the most efficient in the last four years [27] - The company completed several debt refinancings in 2025, improving liquidity and expanding financial flexibility [32] Q&A Session All Questions and Answers Question: Can you unpack the broadband subscriber trends and expectations for 2026? - Management noted that Q4 faced unprecedented competitive pressures, but emphasized the foundational work done in 2025 to position for future improvements [37][39] Question: What is the update on the balance sheet and debt management? - Management highlighted the importance of meaningful debt reduction and a reset of the balance sheet to support long-term goals, with recent refinancings enhancing liquidity [46][47] Question: Can you discuss the strength of residential broadband ARPU? - Management confirmed that residential ARPU grew 0.4% year-over-year, driven by broadband expansion despite video headwinds [49][50] Question: What are the expectations around programming costs per subscriber? - Management reported a 16% reduction in programming costs for the quarter, emphasizing a disciplined approach to negotiations and cost management [57][58] Question: How is the competitive landscape evolving? - Management indicated that competitive intensity remains high, particularly from Verizon in the East, but expressed confidence in the company's product offerings and pricing strategies [66][67]

PHINIA (NYSE:PHIN) Q4 2025 Earnings call February 12, 2026 08:30 AM ET Speaker7Good morning, and welcome everyone to the PHINIA fourth quarter 2025 earnings call. Today's conference is being recorded. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press the star key, followed by the number one on your telephone keypad. If you would like to withdraw your ...

Financial Data and Key Metrics Changes - In Q4 2025, global sales from continuing operations totaled $3 billion, representing an 8% increase on a reported basis and a 3% increase on an operational basis [7][16] - Adjusted earnings from continuing operations were $0.44 per diluted share, which fell short of expectations despite exceeding top-line forecasts [7][16] - Adjusted gross margins from continuing operations were 35.5%, a decrease of 900 basis points compared to the prior year [24] - Adjusted operating margin from continuing operations was 11.8%, a decrease of 340 basis points compared to the prior year [25] Business Line Data and Key Metrics Changes - Medical Products and Therapies (MPT) segment sales were $1.4 billion, increasing 4% in the quarter, driven by growth in Infusion Therapies and Technologies [17][19] - Advanced Surgery products grew 11% to $328 million, reflecting strong demand and commercial execution [19] - Healthcare Systems and Technologies (HST) sales totaled $827 million, increasing 4%, with Care and Connectivity Solutions growing 4% globally [20] - Pharmaceuticals segment sales were $668 million, increasing 2%, but injectables and anesthesia division sales declined 9% [21][22] Market Data and Key Metrics Changes - U.S. capital orders for Care and Connectivity Solutions increased nearly 30% compared to the prior year, indicating strong demand [20] - The overall market for IV solutions remains below historical levels, influenced by fluid conservation practices following Hurricane Helene [18] Company Strategy and Development Direction - The company is focused on three main priorities: stabilizing business areas, strengthening the balance sheet, and driving a culture of continuous improvement [11] - A new operating model has been announced to simplify the organization, accelerate innovation, and improve performance by delayering leadership and embedding critical functional roles [12][60] - Innovation is emphasized as a critical element for success, with continued investment in R&D at or above historical levels [10] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the challenges ahead and emphasizes the need for improvement in performance and execution [8][9] - The company expects total sales growth for 2026 to be flat to 1% on a reported basis, with organic sales growth expected to be approximately flat [28][29] - The first quarter of 2026 is anticipated to be the most challenging, with expectations for improvement in the second half of the year [32][34] Other Important Information - Free cash flow generation exceeded $450 million in Q4 2025, with full-year free cash flow at $438 million [27] - The company plans to deploy cash towards reducing leverage in line with its capital allocation framework [27] Q&A Session Summary Question: What is being done to ensure sustainability of the business amid competitive dynamics? - Management is focusing on stabilizing the business, strengthening the balance sheet, and driving continuous improvement to enhance customer support and execution [36][39] Question: What progress is being made on reducing G&A and support costs related to the TSA? - The company is on track with cost takeout and streamlining operations, with a commitment to eliminate stranded costs by the end of 2027 [42][44] Question: Will earnings grow next year as TSAs roll off? - While growth is anticipated, specific guidance is not provided at this time [48] Question: What factors contributed to the decline in gross margins? - The decline was attributed to unfavorable sales mix, higher manufacturing costs, and non-recurring items totaling around $40 million [66][68] Question: What actions are being taken to improve margins in the pharmaceuticals business? - The company is focusing on operational execution and addressing supplier challenges to improve performance in the pharmaceuticals segment [73][75]

Leggett & Platt (NYSE:LEG) Q4 2025 Earnings call February 12, 2026 08:30 AM ET Speaker5Greetings, and welcome to the Leggett & Platt Fourth Quarter 2025 Webcast and Earnings Call. At this time, all participants are in a listen-only mode. A brief question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce ...