General Dynamics (NYSE:GD) Q4 2025 Earnings call January 28, 2026 09:00 AM ET Company ParticipantsDanny Deep - PresidentKimberly Kuryea - CFONicole Shelton - Head of Investor RelationsPhebe Novakovic - Chairman and CEOConference Call ParticipantsAndre Madrid - AnalystDouglas Harned - AnalystGautam Khanna - AnalystJohn Good - AnalystMatthew Akers - AnalystMyles Walton - AnalystRobert Stallard - AnalystRonald Epstein - AnalystScott Deuschle - AnalystSeth Seifman - AnalystSheila Kahyaoglu - AnalystOperatorGood ...

WesBanco (NasdaqGS:WSBC) Q4 2025 Earnings call January 28, 2026 09:00 AM ET Company ParticipantsDaniel Weiss - Senior EVP and CFOJeffrey Jackson - President and CEOJohn Iannone - SVP of Investor RelationsConference Call ParticipantsCatherine Mealor - AnalystDaniel Tamayo - AnalystDavid Bishop - AnalystKarl Shepard - AnalystManuel Navas - AnalystRussell Gunther - AnalystOperatorGood day, and welcome to the WesBanco Fourth Quarter 2025 Earnings Conference Call. All participants will be in listen-only mode. Sh ...

Littelfuse (NasdaqGS:LFUS) Q4 2025 Earnings call January 28, 2026 09:00 AM ET Company ParticipantsAbhi Khandelwal - EVP and CFODavid Kelley - Head of Investor RelationsGreg Henderson - President and CEOConference Call ParticipantsChristopher Glynn - Managing Director and Senior AnalystDavid Williams - Equity Research AnalystLuke Junk - Senior Research AnalystOperatorGood day, everyone, and welcome to the Littelfuse Fourth Quarter 2025 Earnings Conference Call. Today's call is being recorded. At this time, I ...

Orrstown Financial Services (NasdaqCM:ORRF) Q4 2025 Earnings call January 28, 2026 09:00 AM ET Company ParticipantsAdam Metz - COOKyle Gierman - Equity Research AssociateNeelesh Kalani - CFOThomas R. Quinn - President and CEOTimothy P. Switzer - VP, Equity ResearchConference Call ParticipantsGregory Zingone - Equity Research AnalystOperatorGood morning. My name is Sarah, and I will be your conference operator today. At this time, I would like to welcome everyone to the Orrstown Financial Services, Inc., Fou ...

The Scotts Miracle-Gro (NYSE:SMG) Q1 2026 Earnings call January 28, 2026 09:00 AM ET Company ParticipantsBrad Chelton - VP of Treasury, Tax & Investor RelationsCarla Casella - Managing DirectorJim Hagedorn - Chairman and CEOJosh Meihls - Senior VP and Chief Growth OfficerMark Scheiwer - EVP, CFO and Chief Accounting OfficerNate Baxter - President and COOConference Call ParticipantsAndrew Carter - AnalystChris Carey - Senior Equity AnalystJonathan Matuszewski - Consumer AnalystJoseph Altobello - Managing Dir ...

General Dynamics (NYSE:GD) Q4 2025 Earnings call January 28, 2026 09:00 AM ET Company ParticipantsDanny Deep - PresidentKimberly Kuryea - CFONicole Shelton - Head of Investor RelationsPhebe Novakovic - Chairman and CEOConference Call ParticipantsAndre Madrid - AnalystDouglas Harned - AnalystGautam Khanna - AnalystJason Gursky - AnalystMatthew Akers - AnalystMyles Walton - AnalystRobert Stallard - AnalystRonald Epstein - AnalystScott Deuschle - AnalystSeth Seifman - AnalystSheila Kahyaoglu - AnalystOperatorG ...

Financial Data and Key Metrics Changes - The company reported fourth quarter revenue of $594 million, representing a 12% year-over-year increase and a 7% organic growth, with the acquisition of Basler contributing 3% to sales growth and foreign exchange providing a 2% tailwind [14] - Adjusted EBITDA margin improved to 20.5%, up 480 basis points, reflecting operational leverage [14] - Fourth quarter adjusted diluted earnings were $2.69, with operating cash flow of $139 million and free cash flow of $120 million [14] Business Line Data and Key Metrics Changes - The electronics product segment saw sales increase by 21%, driven by strong organic sales in passive products and growth in protection semiconductor products, with an adjusted EBITDA margin of 23.7% [16] - The transportation product segment experienced a 1% increase in sales year-over-year, but a 1% decline organically, with adjusted EBITDA at 16% [17] - The industrial products segment reported a 4% increase in sales, but a 1% organic decline, with adjusted EBITDA margin at 16.2% [18] Market Data and Key Metrics Changes - The company noted double-digit revenue growth in data center, grid and utility infrastructure, and renewables markets, while automotive grew mid-single digits despite declining global vehicle production [5] - The company anticipates a strong backlog and significant momentum entering 2026, with first quarter sales expected to be in the range of $625 million to $645 million, assuming 7% organic growth at the midpoint [19] Company Strategy and Development Direction - The acquisition of Basler Electric is expected to enhance high-power capabilities and expand the company's position in key growth markets, including grid and utility infrastructure and data centers [4] - The company is focusing on enhancing operational excellence and optimizing its semiconductor business, particularly in high-value and high-growth applications [11] - The company plans to host an Investor Day on May 14th to provide a detailed review of its strategy and long-term financial goals [4] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about broad-based industrial recovery into 2026, with strong momentum in diversified industrial segments and industrial automation [28] - The company is focused on maintaining price-cost neutrality amid metals inflation, with strategies in place to manage supply chain costs and pass through higher costs to customers [33][35] - Management highlighted the importance of deeper customer conversations and the potential for significant growth in the data center market due to evolving architectures [24] Other Important Information - A non-cash goodwill impairment charge of $301 million was recorded for the IXYS and Dortmund acquisitions, reflecting weaker sales and profitability than originally expected [15] - The company expects the Basler acquisition to contribute between $130 million and $135 million in revenue and 10-15 cents of adjusted earnings in 2026 [13] Q&A Session Summary Question: What are the key incremental drivers in the data center market? - Management noted that design wins in the data center market more than doubled in 2025, with significant opportunities arising from higher voltage systems [23][24] Question: Can you elaborate on the broader industrial recovery? - Management indicated that bookings in Q4 were up 20%, reflecting strong momentum across the industrial market, particularly in diversified industrial segments [31] Question: How is the company managing metals inflation? - Management stated that they are focused on supply chain opportunities and pricing strategies to maintain price-cost neutrality, factoring current commodity prices into their guidance [33][35] Question: What is the cultural fit and integration process with Basler? - Management expressed excitement about Basler's technical capabilities and established go-to-market position in the utility industry, viewing it as a growth synergy [50][51]

Financial Data and Key Metrics Changes - The company finished the year strong with robust loan and core deposit growth, net interest margin expansion, and higher fee income [4] - Net interest margin expanded by 12 basis points to 2.75%, driving strong growth in net interest income [5][11] - Core deposits grew by 9% in Q4 and 8% for the full year, while loans grew at an 11% pace, exceeding initial guidance [6] - Tangible book value per share grew 16.5% annualized and 15.3% year-over-year [7] Business Line Data and Key Metrics Changes - The company saw strong revenue growth from both spread and fee perspectives, with net interest income increasing by 5% during the quarter [11] - Non-interest income rebounded in Q4, driven by increases in swap fees and letter of credit fees [15] - Core deposit growth was 8.8% annualized in Q4, with significant growth in non-interest-bearing deposits [18] Market Data and Key Metrics Changes - The company is now the second-largest locally led bank in the Twin Cities, positioning itself well amid M&A disruptions in the market [9] - The affordable housing vertical saw a 27% annualized increase in balances in Q4, contributing significantly to loan growth [21] Company Strategy and Development Direction - The company aims to optimize profitable growth while aligning loan growth with core deposit growth and expanding net interest margin [30] - There is a focus on gaining market share in the Twin Cities and expanding expertise in targeted verticals, including nonprofits and SBA [31] - The company plans to continue expanding its affordable housing vertical and leverage technology investments for growth and efficiency [32] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the ability to maintain loan growth in the high single digits in 2026, driven by strong core deposit growth [28] - The company expects to achieve a 3% net interest margin by the end of 2026, pulling forward previous expectations [28] - Management acknowledged the challenges in the operating environment but remains confident in the company's resilience and growth prospects [9] Other Important Information - The company closed one of the two branches added through the First Minnetonka City Bank acquisition due to proximity issues, with minimal deposit attrition post-merger [8] - The company is actively monitoring the impact of recent events in the Twin Cities on team members and clients [9] Q&A Session Summary Question: Can you unpack some of the deposit growth in the quarter? - Management noted that Q4 tends to be a seasonally high watermark for deposit growth, with expectations for modest growth in Q1 and Q2 [36] Question: Can you discuss the cadence of loan repricing? - Management indicated that loan repricing is well laid out and not concentrated in any one quarter, supporting the margin target [39] Question: What are the expectations for expenses in 2026? - Management expects expenses to grow in the high single digits, aligning with asset growth [42] Question: What is the company's appetite for potential acquisitions? - Management continues to engage with local bank owners and remains optimistic about future acquisition opportunities while focusing on organic growth [54] Question: How does the company view the affordable housing vertical's growth potential? - Management expressed confidence in the affordable housing space, expecting it to grow as a percentage of the overall loan book [59]

Birkenstock (NYSE:BIRK) 2026 Capital Markets Day January 28, 2026 09:00 AM ET Speaker13Welcome, everybody. Ooh, that's loud. We're gonna get started here shortly, so if everybody could just take their seats. Be careful with the water glasses. They make me nervous. All right. Good morning, everyone. Thank you for braving this polar vortex to be here with us today. I know it was not an easy journey for many of you, including most of our management team. So, we had some miracles in transit, appreciate that. So ...

Financial Data and Key Metrics Changes - Orrstown achieved a record annual net income of $80.9 million, or $4.18 per diluted share, with a return on average equity of 14.76% and return on average assets of 1.49% [3] - For Q4 2025, net income was $21.5 million, or $1.11 per diluted share, with a net interest margin of 4.00%, down from 4.11% in Q3 [9][10] - Fee income for the quarter was $14.4 million, contributing to 22% of total revenues, marking the third consecutive quarter above 20% [5][11] Business Line Data and Key Metrics Changes - Loan growth was steady at 4% during Q4, with a balanced mix across commercial and real estate lending [6][15] - Non-interest income increased to $14.4 million in Q4 from $13.4 million in Q3, driven by growth in wealth management and treasury management services [11][12] - The bank recorded minimal provision expense of $0.1 million and net charge-offs of $0.5 million, with classified loans decreasing by $5.7 million from the prior quarter [7][14] Market Data and Key Metrics Changes - Deposits were relatively flat, declining slightly by $5 million, with a loan-to-deposit ratio of 89% [16] - The cost of deposits was 1.98% for Q4, with expectations for reductions in funding costs starting in Q1 2026 [16][10] Company Strategy and Development Direction - The company continues to focus on enhancing fee income and investing in talent, with recent hiring of a Chief Wealth Officer to drive growth in wealth management [5][6] - Orrstown is strategically investing in the middle-market commercial lending platform and expanding its presence in growth markets [38] - The company remains committed to organic growth, with M&A being a lower priority unless suitable opportunities arise [41] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in maintaining strong profitability and anticipates continued growth in loan production and fee income [19] - The company expects net interest margin to stabilize around 4% despite anticipated rate cuts in 2026 [10][31] - Management remains optimistic about the future, citing a robust loan pipeline and strong credit quality [7][19] Other Important Information - The board approved a quarterly dividend increase from $0.27 to $0.30 per share, marking a 50% increase since the merger date [8] - The investment portfolio yield decreased to 4.58% from 4.67% due to declining rates, but the portfolio is positioned well for earnings growth [17] Q&A Session Summary Question: What drove the increase in guidance for non-interest income and expenses? - Management clarified that the increase reflects ongoing strategy to invest in talent to drive future earnings, not a change in strategy [24][25] Question: Can you clarify the NIM trajectory for the year? - Management indicated that core NIM is expected to increase in Q1, with a decline in purchase accounting accretion of about 2-3 basis points each quarter [28][30] Question: What is the current AUM or AUA and success in onboarding Codorus Valley customers? - Total AUM was over $3 billion, with no significant decline in the portfolio from Codorus Valley customers [36][37] Question: What areas is the company focusing on for hiring? - The company is focusing on building out the middle-market commercial lending platform and enhancing wealth management in growth markets [38] Question: What is the current thinking around share buybacks? - Management is monitoring share buyback opportunities but has not found the current stock price favorable for repurchases [46] Question: What yields were achieved on recent securities purchases? - The average yield on recent purchases was 4.92%, with expectations for continued benefits from the investment portfolio [47]