Financial Data and Key Metrics Changes - In 2025, the company achieved a revenue growth of 4% and an EBITDA growth of 7% compared to the previous year [5][17] - The fourth quarter revenue was $1.026 billion, with an EBITDA of $272 million, reflecting an 8% year-over-year growth [14][17] - Earnings per share (EPS) for the year was $6.34, representing a 10% increase year-over-year [17] Business Line Data and Key Metrics Changes - The Vacation Ownership business saw gross sales growth of 8%, driven by a 5% increase in tour flow in the fourth quarter, marking the strongest year-over-year growth for the year [6][15] - The Travel and Membership segment reported a revenue of $148 million in the fourth quarter, down 6% year-over-year, with EBITDA of $47 million, down 10% [16] Market Data and Key Metrics Changes - The company noted strong leisure demand continuing into 2026, with expectations for gross VOI sales to increase by 1%-5% year-over-year [23] - The average volume per guest is expected to be in the range of $3,175-$3,275, slightly lower than the previous year [23] Company Strategy and Development Direction - The company is focused on brand expansion, optimizing its resort portfolio, and enhancing the owner experience through technology and partnerships [4][10] - The Resort Optimization Initiative aims to remove lower-demand resorts and replace them with higher-demand properties, which is expected to improve financial health and owner satisfaction [11][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strong demand for leisure travel and the company's ability to deliver another year of revenue growth and EBITDA margin expansion in 2026 [13][24] - The company anticipates a net EBITDA benefit from the Resort Optimization Initiative, projecting EBITDA in the range of $1.03 billion-$1.055 billion for 2026 [23][24] Other Important Information - The company returned $449 million to shareholders through dividends and share repurchases in 2025, with a new $750 million share repurchase authorization approved [18][19] - The company is investing in technology to enhance the vacation experience and deepen owner engagement [10][11] Q&A Session Summary Question: Can you elaborate on the optimization initiative and its long-term impact on EBITDA? - Management indicated that 2025 was a catch-up year for the optimization initiative, with expectations for a return to normal growth in subsequent years [28] Question: How is the consumer demographic performing currently? - Management noted continued strong demand from consumers, with household incomes above $100,000 and improved FICO scores, contributing to positive performance [38] Question: What are the expectations for the loan loss provision in 2026? - The company expects the loan loss provision to decrease to around 20%, with a trajectory towards the high teens over time [90] Question: What is the outlook for the Travel and Membership business? - The company models the Travel and Membership business to follow the 2025 trend line, focusing on disciplined cost management [92] Question: What is the sales contribution from new brands like Sports Illustrated and Eddie Bauer? - Management anticipates that these new brands will grow as a percentage of overall sales, aiming for high single digits this year and moving towards double digits in the coming years [72]

IAMGOLD (NYSE:IAG) Q4 2025 Earnings call February 18, 2026 08:30 AM ET Speaker4At this time, I would like to turn the conference call over to Graham Jennings, Investor Relations for IAMGOLD. Please go ahead, Mr. Jennings.Speaker2Thank you, operator, and welcome everyone to our conference call this morning. Joining us on the call are Renaud Adams, President, Chief Executive Officer, Maarten Theunissen, Chief Financial Officer, Bruno Lemelin, Chief Operating Officer, Annie Torquay Legacy, Chief Legal and Stra ...

Financial Data and Key Metrics Changes - The company generated a net income of approximately $73 million for the fourth quarter and about $370 million for the entire year, with liquidity standing at $590 million [3][4] - Adjusted net income for 2025 was around $376 million or $3.12 per share, while adjusted net income for the quarter was about $72 million or $0.60 per share [4] Business Line Data and Key Metrics Changes - The company has forward-chartered 12 vessels with a TEU weighted average duration of 6 years, resulting in incremental contracted revenues of approximately $940 million [3][5] - Fleet deployment is currently at 96% for 2026 and 92% for 2027, with total contracted revenues reaching $3.4 billion and a remaining time charter duration of 4.5 years [3][5] Market Data and Key Metrics Changes - The charter market remains strong with high demand for tonnage and limited supply of vessels available for charter, as the added fleet is less than 1% [4][6] - Charter rates in the container market are at robust levels, indicating a fully employed market [6] Company Strategy and Development Direction - The company is focused on securing long-term cash flows from high-quality counterparties in a healthy market environment [3] - Investments in Neptune Maritime Leasing have exceeded $665 million, with 54 shipping assets funded or in commitment status [4] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's low leverage and prudent debt repayment strategy, indicating no immediate need for early debt prepayment [11] - The increase in deferred revenues is primarily an accounting treatment, and management emphasized focusing on cash revenue [12][16] Other Important Information - The company has agreed to pre- and post-delivery financing for all 6 newbuild vessels and has refinanced 2 container ships at a lower funding cost [5] Q&A Session Summary Question: Regarding debt repayment and investment expectations - Management indicated that the company has low leverage and does not see a need to prepay debt earlier than the original maturity, although refinancing may occur [11] Question: Amortization of deferred revenues - Management clarified that the increase in deferred revenues is mainly an accounting treatment related to charter hire fluctuations and should not be a concern, as cash revenue is the focus [12][16]

Ferroglobe (NasdaqCM:GSM) Q4 2025 Earnings call February 18, 2026 08:30 AM ET Speaker5As a reminder, this conference call may be recorded. I would now like to turn the call over to Alex Rotonen, Ferroglobe's Vice President of Investor Relations. You may begin.Speaker0Good morning, everyone, and thank you for joining Ferroglobe's fourth quarter and full year 2025 conference call. Joining me today are Marco Levi, our Chief Executive Officer, and Beatriz García-Cos, our Chief Financial Officer. Before we get s ...

The Vita Coco Company (NasdaqGS:COCO) Q4 2025 Earnings call February 18, 2026 08:30 AM ET Speaker7Hello, and welcome to the Vita Coco Company's fourth quarter and full year 2025 earnings conference call. My name is Liz. I'll be coordinating your call today. Following prepared remarks, we will open the call for your questions, and instructions will be given at that time. I'd now hand the call over to John Mills with ICR.Speaker3Thank you, and welcome to The Vita Coco Company fourth quarter 2025 and full year ...

Bausch + Lomb (NYSE:BLCO) Q4 2025 Earnings call February 18, 2026 08:00 AM ET Company ParticipantsAndrew Stewart - President of Global Pharmaceuticals and International ConsumerBrent Saunders - Chairman and CEODavid Roman - Managing DirectorDouglas Miehm - Managing DirectorGeorge Gadkowski - VP of Investor Relations and Business InsightsJoanne Wuensch - Managing Director, Head of U.S. Healthcare ResearchPatrick Wood - Managing DirectorSam Eldessouky - CFOYehia Hashad - EVP and Chief Medical OfficerConferenc ...

Financial Data and Key Metrics Changes - Fourth quarter net revenue was $802 million, down 10% year-over-year from $896 million in the prior year, with core revenue declining 8% primarily due to lower volume [14][17] - Adjusted EBITDA for the quarter was $15 million, or 1.8% of sales, compared to $40 million, or 4.5% of sales in the fourth quarter of last year, reflecting unfavorable operating leverage and ongoing price and cost pressure [14][18] - For the full year, sales totaled $3.2 billion and Adjusted EBITDA was $120 million, which was at the high end of guidance but below initial expectations [8][12] Business Line Data and Key Metrics Changes - In North America, fourth quarter revenue was $522 million, down from $640 million in the prior year, with Adjusted EBITDA declining to $14 million from $42 million [19] - In Europe, revenue increased to $280 million from $256 million in the prior year, primarily due to a weaker US dollar, but volumes and mix were lower year-over-year [19][20] Market Data and Key Metrics Changes - The overall market for windows and doors in North America is expected to decline low- to mid-single digits, with new single-family construction down low single digits and repair and remodel activity down mid-single digits [22] - The Canadian market is anticipated to see high single-digit declines due to ongoing economic slowdown and weaker housing activity [22] - In Europe, volumes are expected to be broadly flat year-over-year, indicating stabilization without material improvements [22] Company Strategy and Development Direction - The company is focused on controlling costs and improving service levels while preparing for a potential market recovery [10][34] - A strategic review of the European business is ongoing, with potential actions to improve liquidity and strengthen the balance sheet [10][11] - The company is implementing a new A3 Operating System across its manufacturing network to enhance problem-solving and operational efficiency [31][32] Management's Comments on Operating Environment and Future Outlook - Management noted that the macro environment remained soft, with no meaningful improvement in demand expected in the near term [4][10] - The company is prioritizing pricing discipline and managing costs to navigate the challenging market conditions [24][25] - Future guidance reflects continued uncertainty, with expectations for net revenue between $2.95 billion and $3.1 billion and Adjusted EBITDA in the range of $100 million to $150 million [24][25] Other Important Information - The company completed a sale-leaseback of its Coral Springs facility, generating approximately $38 million in net proceeds, which improved liquidity [7][15] - At year-end, the company had approximately $136 million in cash and about $350 million available on its revolver, with no debt maturities until December 2027 [11] Q&A Session Summary Question: Price versus volume dynamic - Management indicated that pricing actions are largely implemented and expect slight headwinds from price-cost dynamics due to inflation [42][43] Question: Implementation of operational improvements - Management reported that they are approximately 85% through the implementation of the new operating model across all sites, focusing on shop floor improvements and problem-solving [47][48] Question: Future productivity and efficiency projects - Management acknowledged that while productivity opportunities exist, current volume reductions are limiting the ability to realize those benefits [48][50]

Global-E Online (NasdaqGS:GLBE) Q4 2025 Earnings call February 18, 2026 08:00 AM ET Company ParticipantsAlan Katz - Head of Investor RelationsAmir Schlachet - Co‑Founder and CEOKoji Ikeda - Director in Enterprise Software Equity ResearchNir Debbi - Co-founder and PresidentOfer Koren - CFOConference Call ParticipantsBilly Fitzsimmons - Equity Research AnalystBrian Petersen - Managing Director and Senior Equity Research AnalystChristopher Zhang - AnalystJames Faucette - Equity Research AnalystPatrick Walraven ...

Financial Data and Key Metrics Changes - The company reported strong financial results for Q4 2025, indicating progress in its transformation despite some tailwinds [4][5] - The foundation of the business was significantly strengthened in 2025 through leadership upgrades, structural simplification, and cost elimination [5] Business Line Data and Key Metrics Changes - The presort business has seen new customer wins and no churn since June 2025, with a full pipeline of sales expected to translate into financial results over the coming months [8][10] - The company is focusing on aggressive pricing strategies in the presort business to win back clients and expects EBIT margins in the low-to-mid 20% range [14][16] Market Data and Key Metrics Changes - The company is aware of potential headwinds from government shutdowns and economic uncertainties, particularly affecting the SendTech space [7] - The second half of 2026 is expected to show better performance in the presort business due to easier year-over-year comparisons [23] Company Strategy and Development Direction - The company is pivoting towards profitable growth and is undergoing an external review with qualified advisors [5] - There is a renewed focus on mail and investment to slow the decline in certain business areas, particularly in the shipping technology segment [33][65] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the impact of government shutdowns on hardware purchases and overall performance [13] - The company is optimistic about its recovery from the low point tied to the IMI migration and believes it has the best products in the market [50] Other Important Information - The company plans to hold an investor day in 2026 to educate stakeholders on its fundamentals [66] - The hiring of new executives is seen as a strategic move to enhance the company's capabilities, regardless of the future direction of the business [58] Q&A Session Summary Question: Can you expand on the market uncertainty and geopolitical challenges? - Management highlighted issues like government shutdowns and economic direction as potential headwinds but does not expect major impacts [7] Question: What is the impact of the government shutdown on performance? - The CFO noted that hardware purchases were affected, pushing some sales into the subsequent quarter [13] Question: How aggressive will the pricing strategy be in the presort business? - Management indicated that they are being aggressive to win new customers and have already made concessions to existing clients [14][15] Question: What are the expectations for growth in the presort business? - Management expects easier comparisons in the second half of the year, which should help return to positive growth [23] Question: How does the company view its capital allocation strategy? - The company is committed to a net debt to EBITDA ratio around 3x and will be opportunistic in share buybacks and dividends [36][48] Question: What are the top growth opportunities for the company? - Management identified presort, shipping, and banking as key areas for growth, emphasizing the importance of competitive pricing and market focus [65]

Insulet (NasdaqGS:PODD) Q4 2025 Earnings call February 18, 2026 08:00 AM ET Company ParticipantsAshley McEvoy - President and CEOClare Trachtman - VP of Investor RelationsEric Benjamin - COOFlavia Pease - CFOJoanne Wuensch - Managing DirectorConference Call ParticipantsDanielle Antalffy - Managing Director and Senior Equity Research AnalystDavid Roman - Managing Director and Senior AnalystJeff Johnson - Managing Director and Senior Research AnalystLarry Biegelsen - Managing Director and Senior AnalystMichae ...