Blue Bird (NasdaqGM:BLBD) Q1 2026 Earnings call February 04, 2026 04:30 PM ET Speaker7Hello, everyone. Thank you for attending today's Blue Bird Fiscal 2026 first quarter earnings call. My name is William, and I'll be your moderator today. All lines will be muted during the presentation portion of the call, with an opportunity for questions and answers at the end. If you would like to ask a question, please press star one on your telephone keypad. At this time, I would now like to pass the conference over t ...

FormFactor (NasdaqGS:FORM) Q4 2025 Earnings call February 04, 2026 04:25 PM ET Company ParticipantsAric McKinnis - Senior VPBrian Chin - MDCraig Ellis - Senior MD and Director of ResearchDavid Duley - Portfolio ManagerElizabeth Sun - Former Senior Director of Corporate Communications and IRMatthew Prisco - VP and Equity Research AssociateMike Slessor - CEORobert Mertens - VPStan Finkelstein - VP of Investor RelationsVedvati Shrotre - DirectorConference Call ParticipantsCharles Shi - MD and Senior AnalystMik ...

FormFactor (NasdaqGS:FORM) Q4 2025 Earnings call February 04, 2026 04:25 PM ET Company ParticipantsAric McKinnis - Senior VPBrian Chin - MDCraig Ellis - Senior MD and Director of ResearchDavid Duley - Portfolio ManagerElizabeth Sun - Former Senior Director of Corporate Communications and IRMatthew Prisco - VP and Equity Research AssociateMike Slessor - CEORobert Mertens - VPStan Finkelstein - VP of Investor RelationsVedvati Shrotre - DirectorConference Call ParticipantsCharles Shi - MD and Senior AnalystMik ...

FormFactor (NasdaqGS:FORM) Q4 2025 Earnings call February 04, 2026 04:25 PM ET Speaker7Thank you, and welcome everyone to FormFactor's fourth quarter 2025 earnings conference call. On today's call are Chief Executive Officer Mike Slessor and Chief Financial Officer Aric McKinnis. Before we begin, Stan Finkelstein, the company's VP of Investor Relations, will remind you of some important information.Speaker10Thank you. Today, the company will be discussing GAAP P&L results and some important non-GAAP results ...

Aflac (NYSE:AFL) Q4 2025 Earnings call February 04, 2026 04:00 PM ET Company ParticipantsFrederick Crawford - President and COOFrederick CrawfordThank you for joining me as I provide a financial update on Aflac Incorporated's results. For the fourth quarter of 2025, adjusted earnings per diluted share increased 0.6% year-over-year to $1.57, excluding effect of foreign currency in the quarter. In this quarter, remeasurement gains on reserves totaled $36 million, reducing benefits. Variable investment income ...

Aflac (NYSE:AFL) Q4 2025 Earnings call February 04, 2026 04:00 PM ET Speaker0Thank you for joining me as I provide a financial update on Aflac Incorporated's results. For the fourth quarter of 2025, adjusted earnings per diluted share increased 0.6% year-over-year to $1.57, excluding effect of foreign currency in the quarter. In this quarter, remeasurement gains on reserves totaled $36 million, reducing benefits. Variable investment income ran $12 million below our long-term return expectations. Adjusted bo ...

Enerpac Tool Group (NYSE:EPAC) FY 2026 Annual General Meeting February 04, 2026 03:00 PM ET Company ParticipantsBen Topercer - Corporate Controller, Principal Accounting Officer and Inspector of ElectionJim Ferland - Non-Executive Chairman of the BoardJim FerlandGood afternoon. I'm Jim Ferland, Chairman of the Board of Directors of Enerpac Tool Group Corporation. On behalf of the company, I wanna welcome you to our 2026 Annual Meeting of Shareholders. Before proceeding with the business portion of the meeti ...

Financial Data and Key Metrics Changes - The company reported a total of 52,773,605 shares of Class A common stock outstanding as of December 1, 2025, with 95.84% represented at the meeting [4] - The voting results indicated a plurality of shares voted for the election of all eight nominated directors, and the proposals for the appointment of Ernst & Young LLP and executive compensation were approved [8] Business Line Data and Key Metrics Changes - No specific data on business line performance or key metrics was provided in the meeting [9] Market Data and Key Metrics Changes - No specific market data or key metrics were discussed during the meeting [9] Company Strategy and Development Direction and Industry Competition - The company is focused on maintaining strong governance with the election of directors and the appointment of independent auditors, indicating a commitment to transparency and accountability [6][8] Management Comments on Operating Environment and Future Outlook - Management did not provide specific comments on the operating environment or future outlook during this meeting [9] Other Important Information - The meeting included the retirement of directors Alfredo Altavilla and Judy Altmaier, acknowledging their service to the company [1] - The final voting results will be reported on a Form 8-K to be filed with the SEC and posted on the company's website [9] Q&A Session Summary - No questions were received during the meeting [9]

Financial Data and Key Metrics Changes - In 2025, the company achieved a revenue increase of 8% compared to 2024, with operating income and adjusted operating income rising by 9% and 12% respectively [4] - Assets under management (AUM) reached an all-time high of $180 billion, up nearly 12% from year-end 2024 [12] - The December 2025 quarter saw revenues of $336 million, marking an 11% increase from the previous quarter and a 13% increase year-over-year [12][16] - Adjusted operating income increased by 23% compared to both the prior quarter and the same quarter last year, with an adjusted operating margin of 40.2% [15] Business Line Data and Key Metrics Changes - The credit platform's AUM grew by 29% year-over-year to $17.9 billion, with net inflows totaling $2.8 billion [8] - The alternatives platform's AUM increased by 20% to $4 billion, driven by strong organic growth [8] - The equity platform experienced outflows of $15.6 billion, primarily from global opportunities and U.S. mid-cap growth strategies, attributed to short-term performance challenges [8] Market Data and Key Metrics Changes - 79% of AUM outperformed benchmarks over a 3-year period, 74% over 5 years, and 92% over 10 years, gross of fees [5] - The Emerging Markets Local Opportunity Strategy in credit generated a return of over 24%, outperforming its benchmark by 527 basis points [6] Company Strategy and Development Direction - The company is focused on expanding its multi-asset class platform while maintaining a high value-added investing philosophy [4] - The acquisition of Grandview Property Partners marks a strategic expansion into alternative investments and private real estate [9][10] - The company aims to leverage its institutional relationships to enhance Grandview's business and expand its investment capabilities [10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in maintaining and growing equity businesses despite recent outflows, emphasizing the need for compelling investment performance [8][9] - The company anticipates continued growth in credit and alternatives, with a focus on private credit and secondaries in private equity [28][46] - Management noted that the acquisition of Grandview is expected to be mildly accretive to earnings per share after the closing of its next flagship fund [19] Other Important Information - The board declared a quarterly dividend of $1.01 per share and a special year-end dividend of 57 cents, resulting in a total dividend of $3.87 per share for 2025, an 11% increase from 2024 [18] - The company ended the year with approximately $214 million in cash and a conservative leverage ratio of 0.4 times [17] Q&A Session Summary Question: Regarding Grandview's AUM and accretion guidance - Management explained that AUM was lower due to realizations on properties in Grandview Fund I, which is in the harvesting phase [24] - Fund III had about $150 million in committed assets, and the company is actively pursuing Fund IV, expecting a first close in mid-summer [25][26] Question: On M&A opportunities and market conditions - Management highlighted a focus on private credit and secondaries in private equity, with interest in idiosyncratic opportunities within equity [28] - The company is not exclusively focused on M&A but is open to opportunities that align with its investment philosophy [28] Question: On the international value strategy and recent outflows - Management noted that outflows were primarily due to institutional reductions and not indicative of underlying issues, as the team continues to deliver strong absolute returns [37][38] Question: Interest in non-US strategies and emerging markets - Management indicated a reemergence of emerging markets allocations and success in global franchises, with significant net flows from recent campaigns [41][42][43]

Financial Data and Key Metrics Changes - The company reported a 12% increase in assets under management (AUM) to $180 billion as of December 31, 2025, compared to year-end 2024 [12] - Revenues reached an all-time high of $336 million in the December quarter, up 11% from the previous quarter and up 13% year-over-year [12] - Adjusted operating income increased by 23% compared to both the prior quarter and the same quarter last year, with an adjusted operating margin of 40.2%, improving by 400 basis points from the prior quarter [15] Business Line Data and Key Metrics Changes - The credit platform's AUM grew by 29% year-over-year to $17.9 billion, with net inflows totaling $2.8 billion [8] - The alternatives platform's AUM increased by 20% to $4 billion, driven by strong organic growth [8] - The equity platform experienced outflows of $15.6 billion, primarily from Global Opportunities, U.S. Mid-Cap Growth, and Non-U.S. Small-Mid Growth strategies due to challenging short-term performance [8] Market Data and Key Metrics Changes - The company reported that 79% of AUM outperformed benchmarks over a 3-year period, 74% over 5 years, and 92% over 10 years, gross of fees [5] - The Emerging Markets Local Opportunities Strategy generated a calendar year return of over 24%, outperforming its benchmark by 527 basis points net of fees [6] Company Strategy and Development Direction - The company aims to expand its multi-asset class platform while maintaining a focus on high value-added investing and thoughtful growth [4] - The acquisition of Grandview Property Partners is part of the strategic expansion into alternative investments, establishing a foundation in private real estate [10] - The company plans to leverage its institutional and intermediated wealth relationships to further develop Grandview's business [10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in maintaining and growing equity businesses despite recent outflows, emphasizing the need for differentiated investment performance [9] - The company anticipates continued growth in credit and alternatives, with a focus on expanding capabilities across its platform [10] - Management noted that the acquisition of Grandview is expected to have an immaterial impact on 2026 earnings but will be mildly accretive to earnings per share after the closing of Grandview's next flagship fund [19] Other Important Information - The board declared a quarterly dividend of $1.01 per share and a year-end special dividend of 57 cents, resulting in a total dividend of $3.87 per share for 2025, representing a 98% payout ratio relative to adjusted earnings [18] - The company ended the year with approximately $214 million in cash and a conservatively leveraged capital structure at approximately 0.4x leverage [17] Q&A Session Summary Question: Regarding Grandview's AUM and accretion guidance - Management explained that the AUM was lower due to realizations on properties in the Grandview Fund I, which is in the harvesting phase [24] - Fund III had about $150 million in committed assets, and management expects Fund IV to be significantly larger, with a first close anticipated in early to mid-summer [25][26] Question: On the International Value Strategy and recent outflows - Management indicated that outflows were primarily due to institutional reductions and not indicative of underlying issues, as the strategy continues to deliver strong absolute returns [37][38] Question: Interest in non-U.S. strategies - Management highlighted a reemergence of emerging markets allocations and strong performance in global strategies, with expectations for continued engagement in international markets [41][42][43] Question: Institutional demand by region - Management noted challenges in Europe due to regulatory changes and short-term performance but sees favorable opportunities in the U.S. marketplace, particularly in emerging markets and credit franchises [49][50]