Financial Data and Key Metrics Changes - In Q4 2025, total company sales were $138.4 million, down 3.1% compared to Q4 2024, with comparable sales decreasing 4.8% driven by the retail channel [15][16] - Gross profit for Q4 was $87.3 million, down from $94.8 million last year, resulting in a gross margin of 63.1%, a decline of 320 basis points year-over-year [16][17] - Adjusted EBITDA for Q4 was $7.2 million, compared to $14.5 million in Q4 2024, with adjusted net income per diluted share showing a loss of $0.02 compared to earnings of $0.32 per share in the prior year [18][19] - The company generated $23.2 million in free cash flow for fiscal 2025 and maintained a solid gross margin rate of 68.7% despite incurring approximately $7.5 million in incremental net tariff costs [12][13] Business Line Data and Key Metrics Changes - Store sales in Q4 were down 9% versus Q4 2024, driven by soft traffic and conversion, although partially offset by stronger average unit retails and transaction values [16] - Direct sales as a percentage of total sales were 53.5% in Q4, up 2.6% year-over-year, driven by markdown sales benefiting from ship-from-store capabilities [16] - The company opened 4 net new stores in fiscal 2025, ending the year with 256 stores, a net increase of 4 [13][20] Market Data and Key Metrics Changes - The company faced a 3% decline in comparable sales for the year due to a slowdown in customer shopping behavior, attributed to external headwinds including tariff impacts [14] - The tariff policy enacted in April created unprecedented operational complexity, contributing to the decline in sales [14] Company Strategy and Development Direction - The company is undergoing a strategic evolution focused on expanding its customer file, modernizing product offerings, and enhancing operational capabilities [3][4] - Key strategic pillars include evolving the product, enhancing the customer journey, and operational improvements, with a focus on testing and learning to validate new concepts [6][9] - The company plans to rebalance marketing investments to build broader brand awareness and capture new customers [9] Management's Comments on Operating Environment and Future Outlook - Management acknowledged a challenging start to Q1 2026, driven by continued price sensitivity, particularly in the direct channel, but noted encouraging performance in stores [10] - The outlook for 2026 reflects a year of deliberate investment, with expectations for gradual improvement in performance as new assortments are introduced [21][24] - Management remains realistic about the current consumer environment and the impact of tariffs, indicating that the evolution will take time and should not be expected to be linear [5][10] Other Important Information - The company expects to incur approximately $15 million in total tariff load for 2026, compared to about $7.5 million in 2025 [23] - Capital expenditures for fiscal 2026 are expected to be about $25 million, focused on new stores and a new merchandise planning and allocation system [26] Q&A Session Summary Question: How much of the softness in Q1 is due to macro factors? - Management indicated that Q1's challenging start was amidst a tough macro backdrop, particularly affecting the direct channel, but noted better performance in stores [30][31] Question: What changes are being made for Mother's Day marketing? - The marketing team is focused on timing for catalog launches and digital marketing, with a product drop planned shortly before Mother's Day [30][32] Question: What is changing in the product assortment? - The company is adopting a more modern aesthetic and focusing on versatile wardrobe pieces that appeal to both new and existing customers [34][35] Question: What categories performed well in Q4? - Newness and novelty drove the business, with success seen in travel capsules and expanded outerwear categories, while repeat programs were soft [60]

INVESTOR DAY M AR C H 3 1 S T 2026 Welcome & Introduction Kip Rupp, CFA, IRC Vice President, Investor Relations 2 Welcome And Introduction QUANTA IS NORTH AMERICA'S PREMIER CRITICAL INFRASTRUCTURE SOLUTIONS PROVIDER – DELIVERING CERTAINTY +25% 10-year Adjusted EPS CAGR $44.0B Total Backlog at +69K # of employees ending 2025 $6.0B Aggregate capital deployed¹ from 2022-2025 +80% of our work is self-performed Largest and preferred employer of Craft-skilled labor in the industry Industry leading operating model ...

McCormick & Company (NYSE:MKC) Q1 2026 Earnings call March 31, 2026 08:00 AM ET Speaker7Ladies and gentlemen, this is the operator. I do have an announcement. McCormick & Company appreciate your patience, and we'd like to let you know that the call will begin at 8:15 A.M. Once again, we thank you for your patience and ask you to please stand by. The call will begin at 8:15 A.M. Eastern Time. Thank you. Good morning, everyone. Thank you for standing by. Thank you for calling in for the McCormick & Company co ...

Financial Data and Key Metrics Changes - For the full year 2025, the company reported revenues of $90.9 million, an increase from $86.9 million in 2024, driven primarily by the drone segment [26] - Fourth quarter revenue was $48.3 million, up from $39.7 million in Q4 2024, reflecting strong execution particularly in the drone and training segments [24] - EBITDA for the full year was $24.7 million compared to -$13.1 million in 2024, indicating a significant improvement in financial performance [28] Business Line Data and Key Metrics Changes - Drones accounted for approximately 87% of total revenue in 2025, highlighting their role as the primary growth driver for the company [8] - The training division secured a $1.9 million contract to support U.S. Navy training programs, enhancing naval readiness [16] - The avionics segment continued to perform well, with advancements in product development and foreign military engagement [20] Market Data and Key Metrics Changes - The company has a strong order pipeline with approximately $150 million in drone segment backlog as of March 31, 2026, providing visibility into future revenue [29] - Demand for combat-proven ISR systems remains strong across NATO-aligned nations and allied defense customers [9] - The macro environment is supportive, with sustained increases in defense spending across NATO and allied nations driven by modernization requirements [18] Company Strategy and Development Direction - The company is focused on building a differentiated, integrated aerospace and defense platform, emphasizing medium-lift, multi-role unmanned platforms [5] - Strategic joint ventures were announced to expand the deployment of unmanned aerial systems across the U.S., Ukraine, and NATO defense markets [12] - The company is shifting away from passenger eVTOL concepts to focus on multi-role, medium-lift drones, aligning with immediate demand and procurement cycles [21] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to capitalize on increasing defense spending and evolving threat profiles [18] - The outlook for full year 2026 revenue growth is projected at 15%-25%, not including potential contributions from joint ventures [30] - The company is well-positioned to meet customer demands and enhance operational capabilities through ongoing investments in R&D and manufacturing [31] Other Important Information - The company successfully went public in 2025, strengthening its balance sheet and expanding its manufacturing footprint [6] - Cash on the balance sheet as of December 31, 2025, was $74.4 million, providing substantial resources for growth investments [28] - The company is preparing for new product launches in the first half of 2026, leveraging capabilities in artificial intelligence and edge computing [10] Q&A Session Summary Question: Strategy change on air mobility and R&D investments - Management confirmed that capital expenditure will drop off as the focus shifts to multi-role, medium-lift cargo vehicles, which are expected to add meaningful revenues post-2027 [36] Question: Mix of customer demand between U.S. and international - The backlog is approximately $150 million, with strong visibility on a significant portion converting to revenue over the next 12 months, primarily driven by international demand [37][38] Question: Details on drone backlog and orders - Management indicated that the backlog consists of firm orders, with confidence in converting this backlog into revenue, particularly from NATO countries [44] Question: U.S. sales outlook and potential growth - The company expects meaningful growth as the U.S. pipeline continues to build, with the Phoenix facility operational and capable of producing up to 100 units per month [50] Question: Financial impact of joint ventures - Joint ventures are expected to be accretive to financials, with contributions from ongoing conflicts and battlefield-proven drones enhancing revenue potential [62]

Financial Data and Key Metrics Changes - In 2025, total GMV reached RMB 31.6 billion, a 7.2% increase from RMB 29.5 billion in 2024 [22] - Fourth quarter total GMV was RMB 7,322.9 million, reflecting a challenging environment but strong growth overseas [22] - Fourth quarter net revenue was RMB 2,974.5 million, down from RMB 3,334.4 million in the same quarter of 2024 [24] - Same-store sales in the fourth quarter declined 25.5% year-over-year, marking a significant challenge for the company [19] Business Line Data and Key Metrics Changes - Franchisee teahouses accounted for 81.9% of total net revenues in the fourth quarter, with revenues of RMB 2,434.9 million [24] - Net revenue from company-owned teahouses was RMB 539.6 million, up 126.2% from RMB 238.6 million in the fourth quarter of 2024 [24] - Average monthly GMV per teahouse in Greater China was RMB 337 thousand in the fourth quarter [23] Market Data and Key Metrics Changes - Overseas GMV for the fourth quarter grew 84.6% year-over-year to RMB 371.9 million [24] - The company added a net 83 teahouses in overseas markets, bringing the total to 345 [54] - In 2025, the company entered four new markets: Indonesia, the United States, Vietnam, and the Philippines [55] Company Strategy and Development Direction - The core strategy for 2026 will focus on high-value brand positioning and consumer value, emphasizing brand upgrade, product innovation, scenario expansion, experience enhancement, and organizational improvement [10] - The company aims to moderate the pace of new openings and prioritize healthy operations at existing teahouses [38] - The transition to a new business model aims to create shared risk and reward with franchisees, enhancing collaboration and driving sustained GMV growth [47][50] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges faced in 2025, including intense competition and the impact of delivery platform price wars [35] - The company is committed to long-term principles and aims for a cycle of higher quality operations with same-store recovery as a top KPI [37] - Management expressed confidence in returning to steady operations and anticipates a healthier operational environment in the second half of 2026 [43] Other Important Information - The company completed major organizational adjustments to enhance efficiency and optimize operations [42] - Gross profit for the fourth quarter was RMB 1,581.9 million, resulting in a gross margin of 53.2%, an improvement from 51.6% the previous year [25] - The company ended the quarter with RMB 7,892.4 million in cash and cash equivalents, providing flexibility for growth investments [32] Q&A Session Summary Question: Can you provide an update on same-store sales performance? - Management noted that same-store sales reflect both external challenges and internal strategy adjustments, with a focus on premium brand positioning despite market pressures [34][35] Question: What are the concrete measures for cost reduction initiatives? - Management indicated that cost reduction efforts are part of a long-term strategy, focusing on organizational efficiency and stricter controls on expenses [63][66] Question: What is the status of the business model transition? - The transition aims to build a shared risk and reward partnership with franchisees, with a new GMV-based revenue sharing model being fully rolled out in 2026 [47][51] Question: What are the expansion plans for domestic and overseas markets? - Domestic expansion will focus on existing stores with about 300 net new openings planned, while overseas expansion targets about 200 new tea houses [56][57]

Fourth Quarter 2025 Earnings | March 31, 2026 AlTi Color Palette Background color Primary Accent Color Secondary colors Tertiary colors AlTi Global 1 Notes and Important Disclosures This Presentation (together with oral statements made in connection herewith, the "Presentation") is for informational purposes only to assist interested parties in evaluating AlTi Global, Inc. (along with its consolidated subsidiaries, "AlTi Global" or the "Company"). About AlTi Global AlTi Global is a leading independent globa ...

TM AirJoule Technologies Corporation (Nasdaq: AIRJ) Q4 and FY 2025 Earnings Presentation March 31, 2026 https://airjouletech.com DISCLAIMERS Forward Looking Statements The information in this presentation includes "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. All statements, other than statements of present or historical fact included in this presentation, regarding AirJoule Techno ...

March 31, 2026 BIOGEN PROPOSED ACQUISITION OF APELLIS INVESTOR WEBCAST FORWARD-LOOKING STATEMENTS These statements speak only as of the date of this presentation and the discussions during this conference call and are based on information and estimates available to us at this time. Should known or unknown risks or uncertainties materialize or should underlying assumptions prove inaccurate, actual results could vary materially from past results and those anticipated, estimated or projected. Investors are cau ...

Advancing innovative solutions for severe rare diseases Corporate Deck March 2026 Legal Disclaimers This presentation has been prepared by SCYNEXIS, Inc. (the "Company") solely for informational purposes. This presentation contains, and our officers and representatives may from time to time make, "forward-looking statements" within the meaning of applicable securities laws and are prospective in nature, including, but not limited to, statements regarding the Company's business strategies and goals, plans an ...

Forward-Looking and Cautionary Statements This presentation contains, and oral statements made from time to time by our representatives may contain, "forward-looking statements." All statements other than statements of historical facts contained in this presentation, including statements regarding our strategy, future operations, future financial position, future revenue, projected costs, prospects, plans, objectives of management, expected market growth and any activities, events or developments that we in ...