TechnipFMC (NYSE:FTI) Q4 2025 Earnings call February 19, 2026 08:30 AM ET Company ParticipantsAlf Melin - CFODerek Podhaizer - Director and Equity ResearchDoug Pferdehirt - Chair and CEOEddie Kim - VP and Equity ResearchMarc Bianchi - Managing DirectorMark Wilson - Managing DirectorMatt Seinsheimer - Senior Vice President of Investor Relations and Corporate DevelopmentSaurabh Pant - Director and Equity ResearchScott Gruber - Director of Oilfield Services and Equipment ResearchVictoria McCulloch - DirectorCo ...

Financial Data and Key Metrics Changes - The company's top line grew by 16% in 2025, with diluted book value per share increasing by 28% [4][22] - Operating earnings per share rose by 49% year-over-year, with a full-year operating return on equity of 16.2%, exceeding the target of 12%-15% [5][25] - The Q4 operating return on equity was 17.1%, with a GAAP return on equity of 44.9% following the sale of Armada for $250 million [5][25] - Net income for 2025 increased by 141% to $444 million, with a return on equity of 22.1% [25] Business Line Data and Key Metrics Changes - Gross written premiums grew by 18% in Q4, with accident and health premiums increasing by 20% year-over-year [26][32] - The core combined ratio for the year improved to 91.6%, reflecting a 1.5-point improvement from the previous year [29] - The accident and health business accounted for approximately 27% of the overall business mix, with gross written premiums reaching around $1 billion [12][32] Market Data and Key Metrics Changes - 60% of the company's growth in 2025 came from lines less correlated with property and casualty pricing cycles, with accident and health being the largest contributor [10] - The casualty segment saw an 8% increase in premiums, driven by strong rates despite decreased volumes in certain areas [33] Company Strategy and Development Direction - The company aims to focus on underwriting performance over growth, with a strategic shift towards higher growth in insurance compared to reinsurance [11] - The acquisition of Assist America and World Nomads is expected to enhance service fees and expand global distribution capabilities [14][16] - The company is committed to maintaining a diversified portfolio and partnering with specialist MGAs to mitigate market pressures [10][17] Management's Comments on Operating Environment and Future Outlook - Management acknowledges tougher market conditions in 2026 but believes the diversified portfolio will help maintain profitability [9][49] - The company is optimistic about its growth opportunities in accident and health and other specialty lines, despite potential challenges in the broader market [10][70] Other Important Information - The company plans to repurchase $100 million of outstanding common shares over the next 12 months, which is expected to be accretive to EPS and ROE [21][43] - The BSCR ratio improved to 247% in Q4, indicating a strong capital position [20][42] Q&A Session Summary Question: Market conditions and profitability outlook for 2026 - Management recognizes tougher market conditions but believes they can maintain profitability through capital allocation and focusing on less correlated lines [49][50] Question: Fee income expectations for 2026 - The expected run rate for fee income is around $30 million, with potential increases post-acquisition integration [54][56] Question: Sustainability of Surety business growth - Management feels confident about the sustainability of growth in the Surety business, with minimal exposure to government infrastructure projects [60][62]

TechnipFMC (NYSE:FTI) Q4 2025 Earnings call February 19, 2026 08:30 AM ET Company ParticipantsAlf Melin - CFODerek Podhaizer - Director and Equity ResearchDoug Pferdehirt - Chair and CEOEddie Kim - VP and Equity ResearchMarc Bianchi - Managing DirectorMarc Bianchi - Managing DirectorMatt Seinsheimer - Senior Vice President of Investor Relations and Corporate DevelopmentSaurabh Pant - Director and Equity ResearchScott Gruber - Director of Oilfield Services and Equipment ResearchVictoria McCulloch - DirectorC ...

Nordson (NasdaqGS:NDSN) Q1 2026 Earnings call February 19, 2026 08:30 AM ET Company ParticipantsDaniel Hopgood - EVP and CFOLara Mahoney - VP of Investor Relations and Corporate CommunicationsSundaram Nagarajan - President and CEOConference Call ParticipantsAndrew Buscaglia - AnalystBrad Hewitt - AnalystChris Dankert - AnalystChristopher Glynn - AnalystJeff Hammond - AnalystMatt Summerville - AnalystMike Halloran - AnalystRobert Jamieson - AnalystWalter Liptak - AnalystOperatorHello, everyone. Thank you for ...

Liberty Latin America (NasdaqGS:LILA) Q4 2025 Earnings call February 19, 2026 08:30 AM ET Company ParticipantsBalan Nair - CEOChris Noyes - CFOMichael Rollins - Managing DirectorZoe Lawrenson - Senior Director of Strategy and Corporate DevelopmentConference Call ParticipantsChris Hoare - Equity Research AnalystMatthew Harrigan - Equity Research AnalystOperatorGood day, everyone. You are holding for Liberty Latin America's full year 2025 investor call. Thank you for your patience. The investor call will begi ...

Klarna Group (NYSE:KLAR) Q4 2025 Earnings call February 19, 2026 08:30 AM ET Company ParticipantsDarrin Peller - Managing DirectorFilippa Bolz - Head of CommunicationsHarry Bartlett - VP of Equity ResearchJames Faucette - Managing DirectorNiclas Neglén - CFOSebastian Siemiatkowski - CEOTimothy Chiodo - Managing DirectorWill Nance - VP of Equity ResearchConference Call ParticipantsHarshita Rawat - Senior Research AnalystJason Kupferberg - Senior Equity Research AnalystMihir Bhatia - Director and Senior Equit ...

Gladstone Commercial (NasdaqGS:GOOD) Q4 2025 Earnings call February 19, 2026 08:30 AM ET Company ParticipantsBuzz Cooper - PresidentCatherine Gerkis - Director of Investor RelationsDave Storms - Director of ResearchDavid Gladstone - Chairman and CEOGary Gerson - CFO and Assistant TreasurerConference Call ParticipantsCraig Kucera - Equity Research AnalystJohn Massocca - Senior Research AnalystOperatorGreetings, and welcome to Gladstone Commercial Corporation year-end and fourth quarter earnings conference ca ...

Etsy (NasdaqGS:ETSY) Q4 2025 Earnings call February 19, 2026 08:30 AM ET Company ParticipantsBryan Smilek - VP of Internet Equity ResearchDeb Wasser - VP of Investor RelationsJason Helfstein - Managing Director and Head of Internet ResearchKruti Patel Goyal - CEOLanny Baker - CFOConference Call ParticipantsDeepak Mathivanan - Senior Internet Research AnalystJohn Colantuoni - Equity Research AnalystKen Gawrelski - Managing Director and Senior Internet AnalystMichael Morton - Senior Research AnalystRick Patel ...

Talkspace (NasdaqCM:TALK) Q4 2025 Earnings call February 19, 2026 08:30 AM ET Company ParticipantsIan Harris - CFOJon Cohen - CEOConference Call ParticipantsBobby Brooks - VP and Senior Equity Research AnalystCharles Rhyee - Managing Director and Senior Equity Research AnalystPeter Warendorf - Equity Research AnalystRichard Close - Managing Director and Senior Equity Research AnalystRyan MacDonald - Managing Director and Senior Equity Research AnalystSteve Dechert - Equity Research AnalystSteven Valiquette ...

Garrett Motion (NasdaqGS:GTX) Q4 2025 Earnings call February 19, 2026 08:30 AM ET Company ParticipantsCyril Grandjean - VP of Investor Relations and TreasurerOlivier Rabiller - President and CEOSean Deason - SVP and CFOConference Call ParticipantsEric Gregg - AnalystHamed Khorsand - AnalystJake Schell - AnalystJames Mulholland - AnalystNathan Jones - AnalystRyan Brinkman - AnalystOperatorHello, my name is Jamie, and I will be your operator this morning. I would like to welcome everyone to the Garrett Motion ...