Mohawk Industries (NYSE:MHK) Q4 2025 Earnings call February 13, 2026 11:00 AM ET Company ParticipantsJames Brunk - CFOJeff Lorberbaum - Chairman and CEOMichael Rehaut - Head of US Homebuilding and Building Products ResearchNick Manthey - VP of Corporate Finance and Investor RelationsPaul De Cock - President and COOStephen Kim - Senior Managing Director and Head of the Housing Research TeamConference Call ParticipantsEric Bosshard - CEO and Consumer Industry AnalystKeith Hughes - Managing Director and Sell S ...

Financial Data and Key Metrics Changes - Consolidated revenues for the quarter were $20.5 million, down $3.5 million or 15% from the prior year quarter [12] - Gross profit was $7.4 million with a gross margin of 36.1%, compared to $7.9 million and 33% from the prior year quarter [13] - Net loss from continuing operations was $150,000 or $0.00 per diluted share, an improvement from a loss of $684,000 or $0.01 per diluted share in the prior year quarter [16] - Non-GAAP adjusted EBITDA was -$97,000 for the quarter, compared to -$304,000 for the prior quarter [17] Business Line Data and Key Metrics Changes - Contract staffing services revenues were $17.8 million, down $3.7 million or 17% from the prior year quarter [12] - Direct hire revenues increased to $2.7 million, up $200,000 or 8% from the prior year quarter [13] - Selling, general and administrative expenses were $7.7 million, down $700,000 or 9% from the prior year quarter [14] Market Data and Key Metrics Changes - The hiring environment for staffing services has been challenging since the second half of 2023 due to over-hiring in 2021 and 2022, macroeconomic weakness, and persistent inflation [3][4] - Many businesses are implementing layoffs and hiring freezes, leading to lower volumes of business [4] Company Strategy and Development Direction - The company is focusing on integrating AI into its operations to enhance recruiting and sales processes [6] - Plans to restore profitability during fiscal 2026 include streamlining operations and reducing SG&A expenses [15] - The company aims to pursue acquisitions in a disciplined manner, particularly in AI consulting and IT consulting sectors [18] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to manage through current challenges and restore growth and profitability [9] - The company has a strong balance sheet with substantial liquidity, positioning it well for future growth [9] Other Important Information - The company completed the acquisition of Hornet Staffing in fiscal 2025 and is focusing on VMS and MSP sourced business [8] - The company believes its stock is undervalued and anticipates upward movement in share price once normal economic conditions resume [10] Q&A Session Questions and Answers Question: What incentives would need to be put in place for management to consider a value realization event? - Management has existing employment agreements that provide necessary incentives, so no additional incentives are needed [22] Question: Is an activist investor takeover the only route towards getting a return for shareholders? - No, the board and management are committed to acting in the best interest of shareholders [23] Question: If the company was sold at a comparable multiple to BGSF's recent sale, why is the company not actively pursuing this? - The company evaluates proposals to maximize shareholder value and believes that any potential offer would be better than the suggested 150% increase [24] Question: When is it time for dramatic changes to correct the lower stock value? - The company is working on several new initiatives to address this concern [25] Question: Can you provide more color on what multiple offers you mentioned? - Specific details cannot be disclosed at this time, but they are being evaluated [25]

Financial Data and Key Metrics Changes - In Q4 2025, sales increased to $447 million, up 9.8% from $407 million in Q4 2024, driven by pricing, higher volumes, and favorable foreign exchange [10][16] - For the full year 2025, sales reached $1.764 billion, a 5.7% increase from $1.67 billion in 2024, supported by higher volumes and pricing actions [11][18] - Adjusted EBITDA for Q4 was $85 million, maintaining a margin of 19.1%, compared to $78 million in Q4 2024 [10][18] - Full year adjusted EBITDA was $354 million, up from $330 million in 2024, resulting in a margin of 20% [11][20] - Adjusted earnings per share for Q4 was $0.66, compared to $0.58 in the prior year [10][18] - Adjusted free cash flow for the full year was $158 million, an increase from $115 million in 2024 [11][20] Business Line Data and Key Metrics Changes - The company will report on two business segments in 2026: Power Solutions and Industrial Solutions, following the acquisition of Koch Filter [4] - The Power Solutions segment is expected to generate total revenue between $1.79 billion and $1.85 billion, reflecting a 3% increase year-over-year [12][14] - The Industrial Solutions segment is projected to contribute revenue between $155 million and $165 million, including one week of sales from Koch Filter [12][14] Market Data and Key Metrics Changes - The heavy-duty market is expected to be flat to up 10% compared to 2025, while the Industrial Solutions segment anticipates growth of 1%-4% in 2026 [12][14] - Overall pricing is expected to contribute approximately 1% to revenue growth, with the U.S. dollar anticipated to weaken, providing a 1% revenue tailwind [13][14] Company Strategy and Development Direction - The company is focused on a four-pillar growth strategy: growing share in first fit, accelerating profitable growth in the aftermarket, transforming the supply chain, and expanding into industrial filtration markets [6][9] - The acquisition of Koch Filter is expected to enhance the company's industrial air filtration platform and provide opportunities for organic and inorganic growth [4][9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate challenging global markets and achieve growth through disciplined execution [3][5] - The outlook for 2026 includes expectations of strong operational performance and continued investment for growth, with total company revenue projected to be between $1.945 billion and $2.015 billion [14][15] Other Important Information - The company returned $78 million to shareholders in 2025 through share buybacks and dividends, with $69 million remaining on its share repurchase authorization [5] - The company has entered into a $1 billion term loan and a $500 million revolving credit facility to support the acquisition of Koch Filter [21] Q&A Session Summary Question: Update on Koch Filter acquisition and data center market growth - Management indicated that 8% of revenue is tied to data centers, which are growing at a high-teens rate, with a focus on product development to support this market [25][28] Question: Impact of tariffs on pricing - Management clarified that the 1% pricing expectation is core pricing, not directly related to tariffs, and they aim to be price-cost neutral [29][30] Question: Opportunities for insourcing filtration media at Koch - Management highlighted the focus on integration and identified procurement synergies, with plans for innovation workshops to leverage combined expertise [33][36] Question: Sales guidance for industrial solutions - Management provided a conservative sales guidance for industrial solutions, emphasizing transparency and the potential for growth based on market conditions [40][42] Question: Customer response to emissions regulation changes - Management noted that while recent regulatory changes may impact the market, they expect NOx standards to hold for the 2027 engine launch, with no immediate changes to product development [44][46] Question: Adjusted EBITDA guidance and self-help levers - Management acknowledged that the adjusted EBITDA guidance is flat year-over-year, reflecting strong incrementals and ongoing cost reduction strategies [48][50]

1 4Q25 Earnings & 2026 Guidance Presentation including Leadership Announcements and PS4.0 Introduction Public Storage Executive Speakers Tom Boyle CEO Effective April 1st Joe Fisher President & CFO Effective February 16th 2 Joe Russell President & CEO Retiring March 31st Key Takeaways | Looking Back on Our Success | Industry leadership in Operations, Core FFO growth, and Total Shareholder return – A great foundation for future success | | --- | --- | | Self-Storage Industry Outlook | Strong long-term outloo ...

Financial Data and Key Metrics Changes - The fourth quarter net sales were approximately $2.7 billion, an increase of 2.4% as reported, but a decrease of approximately 3.3% on a constant basis compared to the prior year [4] - Adjusted EPS for the quarter was $2, up approximately 3% versus the prior year, while the full year adjusted EPS was $8.96, a decrease of approximately 7.5% [5][13] - Free cash flow for the year was approximately $620 million, with stock repurchases of approximately 1.3 million shares for $149 million [5] Business Line Data and Key Metrics Changes - Global Ceramic segment had sales of just under $1.1 billion, a 6.1% increase as reported, and flat on a constant basis [13] - Flooring North America sales were $893 million, a 4.8% decrease as reported, or 6.2% on a constant basis, primarily due to a decline in the residential soft surface business [14] - Flooring Rest of the World sales were $737 million, a 6.5% increase as reported, but a 3.5% decrease on a constant basis [16] Market Data and Key Metrics Changes - Approximately 55% of sales were in the U.S., 30% in Europe, and 15% in other geographies [5] - Housing turnover in major regions remains at historical lows due to affordability challenges and economic uncertainty [5] - In Europe, high building costs and labor constraints continue to impede residential construction, although moderate recoveries have emerged in Southern and Eastern Europe [8] Company Strategy and Development Direction - The company is focusing on innovative product introductions and marketing actions to stimulate sales in soft markets [9] - Capital expenditures for 2026 are planned at approximately $480 million, focusing on product innovation and cost reduction [18] - The company anticipates benefits from product mix, productivity, and cost reductions to offset headwinds from higher energy and labor costs [28] Management's Comments on Operating Environment and Future Outlook - Management noted that while home renovation remains soft, there is optimism for improvement in existing home sales due to lower mortgage rates and increased housing supply [44] - The company expects 2026 to be a transitional year with some improvement in remodeling activity and anticipates exceeding last year's earnings [44][46] - Management highlighted that pricing pressures are likely to remain due to competitive market conditions [32] Other Important Information - The company initiated numerous restructuring actions and operational improvements that lowered its cost position [10] - The balance sheet remains strong, with gross debt of $2 billion and leverage of 0.9 times adjusted EBITDA [18] Q&A Session Summary Question: Expectations for price and mix in 2026 - Management anticipates continued pressure in the market, with inflation levels similar to 2025, but expects pricing, improved mix, and productivity to help offset inflation [32][33] Question: Inventory management ahead of spring selling season - Inventories were reduced in the fourth quarter, and management believes they are close to where they need to be, with optimism from customers for the upcoming year [39][41] Question: Outlook for 2026 and pricing dynamics - Management expects price, mix, and volume to improve, driven by pricing initiatives and a stable commercial business [57][58] Question: Impact of tariffs and pricing strategies - Tariffs range from 15%-50%, and management has taken actions to offset these costs through pricing and supply chain management [93] Question: Pricing pressure in Flooring Rest of the World - Management noted strong price competition but anticipates a slightly positive price effect as they move through the year [97]

Colliers International Group (NasdaqGS:CIGI) Q4 2025 Earnings call February 13, 2026 11:00 AM ET Speaker11Welcome to the Colliers International Fourth Quarter Year-End Investors Conference Call. Today's call is being recorded. Legal counsel requires us to advise that the discussion scheduled to take place today may contain forward-looking statements that involve known and unknown risks and uncertainties. Actual results may be materially different from any future results. Performance or achievements contempl ...

Agnico Eagle Mines (NYSE:AEM) Q4 2025 Earnings call February 13, 2026 11:00 AM ET Speaker12Good morning, ladies and gentlemen. My name is Vanessa, and I will be your conference operator today. At this time, I would like to welcome everyone to the Agnico Eagle Mines Limited Q4 2025 conference call. 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 star ...

Financial Data and Key Metrics Changes - In Q4 2025, Galiano Gold produced 37,500 ounces of gold, a 15% increase from 32,000 ounces in Q3 2025, with full-year production totaling 121,000 ounces, aligning with revised guidance [4][11] - Revenue reached a record $160 million in Q4 2025, up 40% from $114 million in Q3 2025, driven by higher production and improved gold prices [5][13] - All-in sustaining cash costs decreased to $2,033 per ounce, consistent with guidance [5][15] - Adjusted net income was reported at $0.15 per share after accounting for unrealized losses on hedges [13] Business Line Data and Key Metrics Changes - Esaase mining restarted in early November 2025, with production ramping up in Q1 2026, while Nkran pre-stripping moved 23% more material compared to Q3 2025 [8][9] - The average grade of ore mined increased by 9% compared to the previous quarter, contributing to improved production metrics [8][10] Market Data and Key Metrics Changes - The company anticipates production guidance for 2026 to be between 140,000-160,000 ounces, representing a 25% increase from 2025 levels [7][12] - AISC for 2026 is projected to be between $2,000-$2,300 per ounce, influenced by a growing royalty burden due to high gold prices [15][16] Company Strategy and Development Direction - Galiano Gold plans an aggressive exploration program for 2026, focusing on expanding underground resources and reserve growth at Esaase [6][24] - The company aims to transition both Nkran and Abore to underground operations, targeting higher-value ounces [19][20] - A strong emphasis is placed on maintaining a robust cash position and leveraging a $75 million undrawn credit facility for operational investments [5][17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving production targets, citing improvements in throughput and grades as key drivers [33] - The company views 2026 as a pivotal year for cash flow generation, with expectations of significant shareholder value creation [28][29] Other Important Information - The company reported no lost time injuries in Q4 2025, maintaining a strong safety record [4][8] - Exploration efforts in 2026 will include a minimum of 30,000 meters of drilling at Abore and up to 35,000 meters of conversion drilling at Esaase [24][27] Q&A Session Summary Question: What are the key execution risks to monitor with production weighted towards the second half of 2026? - Management highlighted throughput and grade improvements as critical factors for achieving production targets [33] Question: How does the downward revision to guidance impact the five-year outlook? - Management expects a slightly lower production profile in 2026 but anticipates a ramp-up in 2027 [34] Question: When should initial economic studies for the maiden underground resource at Abore and Nkran be expected? - Management aims to have initial economic studies available in 2027, following additional drilling [36][38]

Financial Data and Key Metrics Changes - In 2025, the company reported revenue growth of 8.5%, reaching $755 million compared to $696 million in 2024 [5][21] - Adjusted EBITDA improved significantly to $25 million in 2025, up from $9 million in the previous year [5][29] - For Q4 2025, total revenue was $244 million, a 2% increase from $240 million in Q4 2024 [21] Business Line Data and Key Metrics Changes - Real estate brokerage commissions for Q4 were $205 million, accounting for 84% of quarterly revenue, with 1,902 transactions totaling $11.8 billion [21][22] - Private Client transactions grew 13% in volume and 10% in transaction count, contributing 64% of brokerage revenue for the full year [23] - Financing revenue increased by 23% in 2025, totaling $104 million, driven by a 33% rise in transaction count [25] Market Data and Key Metrics Changes - The company completed nearly 9,000 transactions totaling over $50 billion in volume throughout 2025 [8] - The Private Client and Middle Market segments saw a 12% growth in transaction count and revenue [9] - The financing business continued its strong trajectory, with revenue up 23% in 2025 [10] Company Strategy and Development Direction - The company aims to expand its leadership in the private client market and penetrate the institutional segment further [18] - Investments in technology, talent retention, and acquisitions are prioritized to enhance service offerings [19] - The company is focused on leveraging AI to improve efficiency and reduce costs while maintaining the value-added role of brokers [15][16] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for 2026, citing improved market conditions and a more predictable valuation benchmark [16][70] - The company anticipates continued momentum in transaction activity as the market recalibrates [17][70] - Management acknowledged ongoing macroeconomic uncertainties but remains committed to a balanced capital allocation strategy [33] Other Important Information - The company maintained a strong balance sheet with nearly $400 million in cash and no debt [30] - A semiannual dividend of $0.25 per share was declared, reinforcing the company's commitment to returning capital to shareholders [31] Q&A Session Summary Question: Concerns about AI displacement in the CRE sector - Management acknowledged AI's potential to improve efficiency in manual processes but emphasized the enduring need for brokers' expertise in complex transactions [35][36][38] Question: Growth in broker count and recruitment efforts - Management confirmed that the growth in broker count was anticipated due to enhanced recruitment strategies and a focus on experienced professionals [43][46] Question: Strategic acquisitions and market uncertainty - Management indicated that market uncertainty has not deterred their acquisition strategy, and they remain optimistic about future opportunities as market conditions stabilize [49][51]

Financial Data and Key Metrics Changes - In Q4 2025, Galiano Gold produced 37,500 ounces of gold, a 15% increase from 32,000 ounces in Q3 2025, contributing to a full-year production total of 121,000 ounces, aligning with revised production guidance [4][11] - Revenue reached a record $160 million in Q4 2025, up 40% from $114 million in Q3 2025, driven by higher production and improved gold prices [5][13] - All-in sustaining cash costs decreased to $2,033 per ounce, consistent with guidance [5][15] - Adjusted net income was reported at $0.15 per share after accounting for unrealized losses on hedges [13] Business Line Data and Key Metrics Changes - Esaase mining restarted in early November 2025, with production ramping up in Q1 2026, while Nkran pre-stripping moved 23% more material compared to Q3 2025 [8][9] - The average grade of ore mined increased by 9% compared to the previous quarter, contributing to improved production metrics [8][10] Market Data and Key Metrics Changes - The company anticipates production guidance for 2026 to be between 140,000 and 160,000 ounces, representing a 25% increase from 2025 levels [7][12] - The AISC for 2026 is projected to be between $2,000 and $2,300 per ounce, influenced by a growing royalty burden due to high gold prices [15][16] Company Strategy and Development Direction - Galiano Gold plans an aggressive exploration program for 2026, focusing on expanding underground resources and reserve growth at Esaase [6][24] - The company aims to transition to underground operations at both Nkran and Abore, with a focus on higher-value underground ounces [19][28] - The strategy includes significant investment in exploration and waste stripping activities, supported by a strong cash position and a $75 million revolving credit facility [5][29] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving production targets, citing improvements in throughput and grades as key drivers for 2026 [32] - The company views 2026 as a pivotal year for cash flow generation, with expectations of significant shareholder value creation as fixed payments to Gold Fields conclude [17][28] Other Important Information - The company reported no lost time injuries in Q4 2025, maintaining a strong safety record [4][8] - The maiden underground mineral resource declaration is expected to reshape future resource growth potential [6][19] Q&A Session Summary Question: What are the key execution risks to monitor with production weighted towards the second half of 2026? - Management highlighted throughput and grade improvements as critical factors for achieving production targets [32] Question: How does the downward revision to guidance impact the five-year outlook? - Management expects a slightly lower production profile in 2026 but anticipates a ramp-up in 2027 [33] Question: When should initial economic studies for the maiden underground resource be expected? - Management plans to work on additional drilling and studies throughout 2026, aiming for results in 2027 [35][37]