Leidos (NYSE:LDOS) Q4 2025 Earnings call February 17, 2026 08:00 AM ET Company ParticipantsChris Cage - EVP and CFOColin Canfield - DirectorGavin Parsons - Director or Aerospace and Defense Equity ResearchKen Herbert - Managing DirectorScott Mikus - DirectorSeth Seifman - Executive DirectorStuart Davis - VP of Investor RelationsThomas Bell - CEOTobey Sommer - Managing DirectorConference Call ParticipantsGautam Khanna - AnalystGreg Konrad - AnalystJohn Godden - AnalystJonathan Siegman - AnalystOperatorBe adv ...

Enlight Renewable Energy (NasdaqGS:ENLT) Q4 2025 Earnings call February 17, 2026 08:00 AM ET Company ParticipantsAdi Leviatan - CEOItay Benayan - Chief Corporate Development OfficerJared McKee - CEOLimor Zohar-Megan - Director of Investor RelationsMark Strouse - Executive DirectorMike McNulty - Equity Research AssociateNir Yehuda - CFOConference Call ParticipantsJustin Lars Clare - Managing Director and Senior Research AnalystMaheep Mandloi - Director and Lead Analyst of Clean Energy and RenewablesOperatorG ...

Financial Data and Key Metrics Changes - Adjusted EBITDA margin reached 31%, the highest on record, while operating margin was 17%, representing the second strongest annual performance in the company's history [7] - Total revenue for 2025 was $5.4 billion, a 2% increase over 2024, excluding extraordinary non-recurring items [19] - Adjusted EBITDA for the full year reached $1.7 billion with a 31% margin, and for the fourth quarter, it was $502 million with a margin of 35%, the highest quarterly EBITDA on record [20][21] Business Line Data and Key Metrics Changes - Passenger revenue for the full year declined 4.4% year-over-year, but in the fourth quarter, it increased by 4.3% year-over-year [13][14] - Premium revenue now represents approximately 42% of total revenues, nearly 17 points above pre-pandemic levels [10] Market Data and Key Metrics Changes - Demand strengthened in the second half of 2025, particularly in the last quarter, supported by improving traffic trends across both domestic and international markets [7] - The European market showed particularly strong performance in the fourth quarter, with passenger unit revenue up 5% year-over-year in the U.S. portfolio [14] Company Strategy and Development Direction - The company plans to grow capacity around 4% with a disciplined approach, focusing on resilient markets and prioritizing profitability [10] - Aeroméxico is selectively expanding its long-haul network, launching new routes to Barcelona and Paris [10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate changes and capture opportunities, expecting to build on the momentum generated in the second half of 2025 [9] - The Mexican economy is expected to grow between 1.2% and 1.5% in 2026, with revenue growth projected in the range of 7.5%-9.5% [24] Other Important Information - The company maintained industry-leading reliability and was recognized as the world's most on-time airline for 2025 [8] - Aeroméxico returned over $200 million to shareholders through capital disbursements in 2025, demonstrating a commitment to delivering shareholder value [23] Q&A Session Summary Question: Demand impacts related to FX and purchasing power dynamics in Mexico - Management noted that a stronger Mexican peso typically leads to increased demand for travel, with a quick response in booking trends [29][31] Question: Opportunities for deleveraging the business - Management indicated that the primary opportunity for deleveraging comes from the present value of leases, with expectations of lower leverage through higher EBITDA and amortization of lease debt [33][35] Question: Sale of MRO joint venture and its impact on P&L - The MRO facility was sold to a third party, resulting in a profit of $71 million, with minimal impact on maintenance expenses due to existing commercial agreements [40][42] Question: Regulatory situation regarding U.S. routes from Mexico City - Management confirmed that new routes cannot be added until the U.S. government lifts restrictions, but noted that existing capacity has grown significantly in recent years [65][66] Question: Guidance assumptions for FX and jet fuel prices - The company assumes an average exchange rate of around 18.3 pesos per dollar and a jet fuel price of approximately $69 per barrel for guidance [58][59] Question: Premium revenue growth expectations - Management expects continued growth in premium revenue, driven by consumer demand for better experiences and improved sales strategies [79]

Enlight Renewable Energy (NasdaqGS:ENLT) Q4 2025 Earnings call February 17, 2026 08:00 AM ET Company ParticipantsAdi Leviatan - CEOItay Benayan - Chief Corporate Development OfficerJared McKee - CEOLimor Zohar-Megan - Director of Investor RelationsMark Strouse - Executive DirectorMike McNulty - Equity Research AssociateNir Yehuda - CFOConference Call ParticipantsJustin Lars Clare - Managing Director and Senior Research AnalystMaheep Mandloi - Director and Lead Analyst of Clean Energy and RenewablesOperatorG ...

Allegion (NYSE:ALLE) Q4 2025 Earnings call February 17, 2026 08:00 AM ET Company ParticipantsAndrew Obin - Managing DirectorBrett Linzey - Executive DirectorJohn Stone - President and Chief Executive OfficerJosh Pokrzywinski - Vice President of Investor RelationsMike Wagnes - Senior Vice President and Chief Financial OfficerTomohiko Sano - Managing DirectorConference Call ParticipantsChris Snyder - Equity Research AnalystJoe O'Dea - Stock AnalystRobert Schultz - Equity Research AnalystOperatorGood day, ever ...

HIVE Digital Technologies (NasdaqCM:HIVE) Q3 2026 Earnings call February 17, 2026 08:00 AM ET Company ParticipantsAydin Kilic - CEODarcy Daubaras - CFOFrank Holmes - Executive ChairmanGareth Gacetta - Equity Research AssociateNathan Fast - Director of Marketing and BrandingConference Call ParticipantsDarren Aftahi - Managing Director and Senior Research AnalystFedor Shabalin - Equity Research AnalystMichael Grondahl - Head of Equity Research and Senior Research AnalystNathan FastHello, and welcome to today' ...

Portland General Electric Company (NYSE:POR) Q4 2025 Earnings call February 17, 2026 08:00 AM ET Company ParticipantsAndy Levi - Partner and Portfolio ManagerJoseph Trpik - SVP of Finance and CFOMaria Pope - President and CEOMatt Davis - Managing DirectorNick White - Manager of Investor RelationsShar Pourreza - Managing Director and Head of North American Power, Infrastructure, and UtilitiesConference Call ParticipantsAnthony Crowdell - Managing Director and Equity Research AnalystChris Ellinghaus - Equity ...

National Energy Services Reunited (NasdaqCM:NESR) Q4 2025 Earnings call February 17, 2026 08:00 AM ET Company ParticipantsBlake Gendron - VP of Investor RelationsDerek Podhaizer - Director of Equity ResearchJeff Robertson - Managing Director of Natural ResourcesJosh Silverstein - Managing DirectorSherif Elmaghrabi - VP of Equity ResearchSherif Foda - Chairman and CEOStefan Angeli - CFOConference Call ParticipantsDavid Anderson - Senior Equity AnalystSaurabh Pant - Director of Equity Research AnalystTate Sul ...

General Mills 2026 Conference Summary Company Overview - **Company**: General Mills (NYSE: GIS) - **Industry**: Food and Beverage, specifically focusing on human food and pet food - **Market Position**: A $19 billion company with eight billion-dollar brands and leading positions across various categories [10][12] Core Messages 1. **Accelerate Strategy**: General Mills is executing its Accelerate Strategy, focusing on enhancing brand remarkability to restore organic sales growth [8][54] 2. **Growth Trends**: Progress has been made in North America Retail and North America Pet, although challenges remain in achieving growth goals [9][54] 3. **Fiscal 2026 Outlook**: The company has adjusted its outlook for fiscal 2026 due to a challenging consumer environment, expecting organic net sales to decline between 1.5% and 2% [17][54] Financial Performance - **Adjusted Operating Profit**: Expected to decline between 16% and 20% in constant currency for fiscal 2026 [17] - **Free Cash Flow**: Anticipated to convert at least 95% of adjusted after-tax earnings into free cash flow [17] - **Cost Savings**: Projected total cost savings of $600 million in fiscal 2026, aimed at offsetting input cost inflation and reinvesting in growth [17][50] Consumer Trends and Market Dynamics 1. **Changing Demographics**: Over 40% of food and beverage sales come from households over 55, with a growing multicultural consumer base [12] 2. **Value Focus**: Increased focus on value among middle and lower-income consumers due to cost of living pressures [12] 3. **Health and Wellness**: Evolving consumer priorities towards functional benefits in food, influenced by trends like GLP-1 medications [13] Innovation and Product Development - **Remarkability Framework**: A structured approach to enhance product, packaging, brand communication, omni-channel execution, and value [11] - **AI Integration**: Leveraging AI for product development and consumer insights, leading to a projected 25% increase in net sales from new products in fiscal 2026 [19][20] - **Product Launches**: New products targeting bold flavors, better-for-you benefits, and familiar comfort foods are expected to drive growth [20][30] Competitive Landscape - **Market Share Gains**: General Mills is gaining or holding share in eight of its top ten categories in North America Retail [24][27] - **Cereal and Pet Food Categories**: The cereal category is facing competition from protein offerings, while the pet food category is expected to grow due to the humanization trend [33][39] Strategic Initiatives 1. **Pricing Strategy**: Adjustments made to base prices across two-thirds of the North America Retail portfolio to improve competitiveness [28] 2. **Holistic Margin Management**: Aiming for 5% savings in fiscal 2026 through efficiency initiatives and supply chain digitization [50] 3. **Capital Allocation**: Focused on reinvesting in the business, maintaining dividends, and strategic acquisitions to enhance growth [52][53] Conclusion - General Mills is navigating a challenging macro environment while focusing on brand remarkability and innovation to drive long-term growth. The company remains committed to its strategic initiatives and is optimistic about future performance despite current headwinds [54][55]

Builders FirstSource (NYSE:BLDR) Q4 2025 Earnings call February 17, 2026 08:00 AM ET Speaker5I would now like to turn the call over to Heather Kos, Senior Vice President, Investor Relations for Builders FirstSource. Please go ahead.Speaker2Good morning, and welcome to our fourth quarter and full year 2025 earnings call. With me on the call are Peter Jackson, our CEO, and Pete Beckmann, our CFO. The earnings press release and presentation are available on our website at investors.bldr.com. We will refer to t ...