Analog Devices (NasdaqGS:ADI) Q1 2026 Earnings call February 18, 2026 10:00 AM ET Company ParticipantsChris Caso - Managing DirerctorHarlan Sur - Executive Director of Equity ResearchJeff Ambrosi - Senior Director and Head of Investor RelationsJoe Moore - Managing DirerctorJoshua Buchalter - Managing Director of Equity ResearchMatt Pan - AVP of Equity ResearchRichard Puccio - EVP and CFORoss Seymore - Managing DirerctorTimothy Arcuri - Managing DirerctorVincent Roche - CEO and ChairmanVivek Arya - Managing ...

Financial Data and Key Metrics Changes - Total revenue increased from $29.3 million in Q4 2024 to $30.9 million in Q4 2025, representing a 5.6% annual growth [11] - FFO in Q4 2025 was $13.3 million, a 4.6% increase year-over-year compared to $12.7 million in Q4 2024 [13] - AFFO totaled $14.9 million in Q4 2025, a 2.1% increase year-over-year from $14.6 million in Q4 2024 [14] - Interest expense decreased slightly to $7 million in Q4 2025, primarily due to recent FOMC interest rate cuts [12] Business Line Data and Key Metrics Changes - Occupancy increased from 90.1% to 90.6% during the quarter, with a weighted average lease term rising from 6.7 to 7 years [6] - The company sold an inpatient rehab facility at a 7.9% cap rate, resulting in a gain of approximately $11.5 million [7] - Acquired three properties totaling 113,000 sq ft for $64.5 million, all 100% leased with anticipated annual returns of 9.3%-9.5% [8] Market Data and Key Metrics Changes - The company received a 7.9% cap rate on the sale of the inpatient rehab facility and expects similar pricing on other dispositions [27] - Opportunities on the buy side are seen in the 9%-10% cap rate range [27] Company Strategy and Development Direction - The company is focused on capital recycling and selective acquisitions, with plans to maintain modest leverage levels [9] - Future acquisitions are expected to be funded through selected asset sales and revolver capacity [9] - The company anticipates significant growth from redevelopment projects expected to come online in mid-2026 and late 2026 [28] Management's Comments on Operating Environment and Future Outlook - Management noted that the transaction with the behavioral hospital operator is expected to occur all at once, with no plans for a staged closing [20] - The company expects leased occupancy to remain stable in the low nineties for the next couple of quarters, with potential growth in the second half of the year [33] - Management remains optimistic about the investment pipeline, indicating that opportunities still exist despite recent challenges [36] Other Important Information - The company declared a dividend of $0.4775 per common share for Q4 2025, marking a continuous increase since the IPO [10] - The company has signed definitive purchase and sale agreements for five properties expected to close between 2026 and 2027 [9] Q&A Session Summary Question: Update on the JRF Behavioral Hospital operator transaction - Management indicated that the transaction is expected to happen all at once, with significant progress anticipated in the first quarter [20] Question: Balancing transactions and potential increase in debt levels - Management aims to sequence dispositions and acquisitions effectively, maintaining current leverage levels without adding more [22][24] Question: Changes in cap rates for acquisitions or dispositions - Management noted a high demand for assets and expects similar cap rates for future dispositions, with opportunities in the 9%-10% range for acquisitions [27] Question: Expectations for occupancy rates - Management expects occupancy to remain stable in the low nineties for the next couple of quarters, with potential increases in the second half of the year [33] Question: Investment pipeline and opportunities - Management confirmed that opportunities still exist in the market, with a focus on both client business and brokered deals [36]

OptimumBank (NYSEAM:OPHC) Q4 2025 Earnings call February 18, 2026 10:00 AM ET Speaker3I will now hand the conference over to Seth Denison, Managing Director of Investor Relations. Please go ahead.Speaker4Good morning, everybody, and welcome to OptimumBank Holdings, Inc.'s fourth quarter 2025 earnings call. I'm joined here today with our CFO, Elliot Nunez, the chairman of our bank, Moishe Gubin, and the CEO of our bank, Tim Terry. Today, we're going to spend some time going over some of the details for the l ...

Constellium (NYSE:CSTM) Q4 2025 Earnings call February 18, 2026 10:00 AM ET Speaker1Constellium achieved strong results in 2025 that were ahead of our own expectations coming into the year, and despite the uncertain macroeconomic and end market environment. I want to thank each of our 11,500 employees for their commitment and relentless focus on safety and serving our customers. We delivered strong execution and demonstrated our ability to control costs throughout the year in 2025, and we believe we are wel ...

Financial Data and Key Metrics Changes - The company converted 45% of its EBITDA to free cash flow, a higher percentage than many in the industry [5] - The company targeted $100 million in cost savings, achieving an annualized run rate by the end of 2025, with an expected $45 million in-year savings for 2026 [18][19] Business Line Data and Key Metrics Changes - The aerospace business is expected to grow slightly better than the build rate, with a focus on wide-body aircraft [13][16] - The polyurethanes business is projected to face headwinds due to rising natural gas costs, with a first-quarter EBITDA range of $25 million to $40 million, down from $42 million the previous year [86][88] Market Data and Key Metrics Changes - Early signs of improved volumes and pricing in Europe were noted, with price increases announced across the board [10][11] - The company anticipates a gradual recovery in North American home building and durable goods, as well as improvements in the Chinese domestic markets [5][6] Company Strategy and Development Direction - The company plans to focus on structural changes in operations to generate enough cash to cover dividends and will pursue new product development and innovation [7][8] - There is an expectation of further opportunities for mergers, joint ventures, and industry consolidation in 2026 [6][19] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about a potential recovery in the North American construction industry and noted that the upcoming weeks would be critical for demand signals [8][56] - The company remains hopeful for European policymakers to take action to improve competitiveness, despite skepticism about the pace of change [40][41] Other Important Information - The company is selectively using AI tools to reduce costs and expand R&D capabilities [7] - The company has made significant workforce reductions and facility closures, primarily in Europe, to streamline operations [18][40] Q&A Session Summary Question: What is driving the improvement in Europe? - Management noted price increases and a pickup in construction and auto demand as key drivers [10][11] Question: What are the expected cost savings for 2026? - The company expects $45 million in in-year savings for 2026, following a targeted $100 million in overall cost savings [18][19] Question: How are MDI margins expected to play out? - Margins are expected to improve with increased volumes and pricing initiatives to offset rising costs [31][32] Question: What is the outlook for global MDI capacity growth in 2026? - The company anticipates low to mid-single-digit capacity growth in North America, with no significant adverse changes expected [68][71] Question: What is the company's stance on potential mergers or acquisitions? - Management indicated a willingness to explore both acquisitions and divestitures, depending on market conditions [50][51]

Wingstop (NasdaqGS:WING) Q4 2025 Earnings call February 18, 2026 10:00 AM ET Speaker11Good morning, ladies and gentlemen, and thank you for standing by. Welcome to Wingstop Inc.'s fiscal fourth quarter and full year 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. Please note that this conference is being recorded today, Wednesday, February 18th, 2026. On the call today ...

Financial Data and Key Metrics Changes - Total revenue for Q4 2025 increased by 11% to $242.1 million, compared to $217.2 million in Q4 2024 [15] - Adjusted EBITDA rose to $31.2 million from $26.7 million in Q4 2024, marking a 17% increase [20] - For the fiscal year, total revenue reached $961 million, a 7% increase from $895 million in the previous year [20] - Adjusted net income increased by 15% to $102.9 million, or $0.99 per diluted share, compared to $89.7 million, or $0.85 per diluted share in 2024 [20] Business Line Data and Key Metrics Changes - The company operated health and wellness centers on 206 ships at year-end, up from an average of 188 ships in fiscal 2024 [5] - MedSpa services were available on 153 ships, an increase from 147 ships at the end of fiscal 2024 [8] - Revenue per passenger per day and other key operating metrics showed across-the-board increases, reflecting enhanced productivity [8] Market Data and Key Metrics Changes - The company introduced two new health and wellness centers aboard new ship builds during the quarter, contributing to market leadership [6] - The average guest spend increased by 1%, contributing $2.1 million to total revenue growth [16] Company Strategy and Development Direction - The company is focused on innovation, including AI integration and the reorganization of operations in the UK and Italy, to enhance efficiency and growth [5][11] - Plans to introduce health and wellness centers on six new ship builds in 2026, with three expected to commence voyages in the first half of the year [6] - The company aims to maximize its position as a leading operator of health and wellness centers at sea [5] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving another year of outstanding performance in 2026, supported by strong financial results and strategic initiatives [4][10] - The outlook for 2026 includes expectations for total revenues to exceed $1 billion for the first time, with adjusted EBITDA projected to increase [23] Other Important Information - The company returned nearly $93 million to shareholders through stock buybacks and dividends while reducing outstanding debt [9] - Total cash at year-end was $17.5 million, with total debt net of deferred financing costs at $84 million [21] Q&A Session Questions and Answers Question: Insights on AI integration and its potential benefits - Management confirmed that the current guidance does not include potential impacts from AI initiatives, which are expected to show meaningful results in the second half of 2026 [26][27] Question: Consumer trends and pricing strategies - Management noted that while there may be slight additional discounting, overall higher prices are being accepted by consumers, reflecting confidence in future performance [29] Question: Dynamic price optimization model rollout - The initial rollout of the dynamic pricing model will focus on pre-booking across 94% of vessels, with broader implementation expected in the latter half of the year [32][33] Question: Spa menu reformats and offerings - The company has proactively condensed its spa menu to focus on popular items, aiming to enhance guest choice and increase conversion rates [34]

Analog Devices (NasdaqGS:ADI) Q1 2026 Earnings call February 18, 2026 10:00 AM ET Speaker6Good morning, and welcome to the Analog Devices' first quarter fiscal year 2026 earnings conference call, which is being audio webcast via telephone and over the web. I'd like to now introduce your host for today's call, Mr. Jeff Ambrosi, Head of Investor Relations. Sir, the floor is yours.Speaker2Thank you, Danny, and good morning, everybody. Thank you for joining our first quarter fiscal 2026 conference call. Joining ...

Financial Data and Key Metrics Changes - The company reported a fourth quarter GAAP net loss attributable to common stockholders of $14.4 million, or $0.12 per share [3] - Distributable earnings loss was $35.5 million or $0.28 per share, while adjusted distributable earnings were $19.3 million or $0.15 per share [4] - Current liquidity stands at $168 million, including $98 million in unrestricted cash [4] - GAAP net book value decreased to $7.30 per share from $7.53 in the previous quarter, and undepreciated book value decreased to $8.44 from $8.68 [18] Business Line Data and Key Metrics Changes - The loan portfolio increased by $315 million to $2.7 billion, representing a 13% increase from the third quarter [6] - The company closed 32 new loans for $941 million of total commitments since restarting originations, with 13 loans of $416 million closed in the fourth quarter [6] - The average loan balance in the portfolio is $27 million, with a risk ranking consistent with the previous quarter [12] Market Data and Key Metrics Changes - The commercial real estate debt capital markets are experiencing high investor demand, particularly for CRE CLOs [10] - The company announced the closing of its fourth managed CLO, totaling $955 million, which expands lending capacity [10] - There is an anticipated significant tailwind for loan demand due to increased property sales transactions [11] Company Strategy and Development Direction - The company aims to grow the loan book to approximately $3.5 billion by year-end 2026 [11] - Key strategies include resolving remaining watchlist loans and monetizing REO assets, particularly the San Jose Hotel [11] - The company plans to execute a fifth CLO in the second half of the year to enhance capital deployment efficiency [11] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the credit quality of the portfolio, noting positive developments in resolving watchlist and REO assets [28] - The company anticipates strong demand for multifamily loans driven by the need for borrowers to refinance or sell assets [49] - Management expects to achieve positive dividend coverage by mid-year and grow earnings by year-end [9] Other Important Information - The company repurchased approximately 1.1 million shares at an average price of $5.39, resulting in book value accretion [18] - Specific CECL reserves recorded during the fourth quarter were approximately $54.9 million [17] Q&A Session Summary Question: How do you think about the amount of leverageable capital? - Management indicated that approximately $200 million of equity is tied up in REO assets, which is a drag on the portfolio, but plans to resolve this by year-end [26] Question: Can you provide an update on the San Jose property? - Management reported that the San Jose property performed well during the Super Bowl and is undergoing upgrades, with expectations of reaching around $9 million in NOI [34] Question: How is the pace of originations expected to be in 2026? - Management expects a quarterly origination rate between $300 million and $400 million going forward, with a strong start in Q1 [42] Question: What sectors are seeing demand for loan originations? - Management noted strong demand in the multifamily sector, driven by the need for borrowers to move assets and refinance [48] Question: How are spreads and competition affecting the market? - Management acknowledged ongoing competition but noted strong demand for CRE CLOs and stable loan spreads, indicating a healthy market environment [53]

Earnings Presentation FOURTH QUARTER 2025 Forward-looking statements When used in this presentation or other written or oral communications, statements that are not historical in nature, including those containing words such as "will," "believe," "expect," "anticipate," "estimate," "plan," "continue," "intend," "should," "could," "would," "may," the negative of these words or similar expressions, are intended to identify "forward-looking statements" within the meaning of Section 27A of the Securities Act of ...