Bausch + Lomb (NYSE:BLCO) Q4 2025 Earnings call February 18, 2026 08:00 AM ET Speaker9Please note this event is being recorded. I would now like to turn the conference over to George Gadkowski, Vice President of Investor Relations and Business Insights. Please go ahead.Speaker4Thank you. Good morning, everyone, and welcome to our fourth quarter 2025 financial results conference call. Participating on today's call are Chairman and Chief Executive Officer, Mr. Brent Saunders, Chief Financial Officer, Mr. Sam ...

Global Payments (NYSE:GPN) Q4 2025 Earnings call February 18, 2026 08:00 AM ET Speaker12Ladies and gentlemen, thank you for standing by, and welcome to Global Payments' fourth quarter and full year 2025 earnings conference call. At this time, all participants are in a listen-only mode. Later, we will open the lines for questions and answers. As a reminder, today's conference will be recorded. At this time, I would like to turn the conference over to your host, Senior Vice President, Investor Relations, Nath ...

Financial Data and Key Metrics Changes - The company reported total revenues of $784 million for Q4 2025, representing a 29% increase in constant currency [5][25] - Full year revenues surpassed $2.7 billion, more than doubling the revenue base over the last three years, with approximately 30% year-over-year constant currency growth [5][25] - Adjusted EPS for Q4 was $1.55, a 35% increase from $1.15 in the prior year, while full year adjusted EPS was $4.97, up 53% from $3.24 [32] Business Line Data and Key Metrics Changes - U.S. revenues for Q4 were $568 million, up 28%, while international revenues reached $214 million, growing 42% in constant currency [5][25] - Total Omnipod revenue grew 31.3% on a constant currency basis in Q4, and 30.3% for the full year [25][26] - The U.S. Omnipod revenue grew 28% in Q4 and 27.2% for the year, driven by demand for Omnipod 5 across Type 1 and Type 2 customers [26][27] Market Data and Key Metrics Changes - The U.S. Type 1 market is valued at over $9 billion, with AID penetration at just 40%, indicating significant growth potential [8] - The Type 2 market exceeds $12 billion, with AID penetration below 5%, presenting a substantial opportunity for expansion [10] - Internationally, the Type 1 market exceeds $10 billion, with only one in four people with diabetes using AID therapy, highlighting a large under-penetrated market [14] Company Strategy and Development Direction - The company aims to maintain its leadership position in AID and expand its market share by focusing on innovation and clinical outcomes [7][18] - Plans include launching a fully closed loop system for Type 2 diabetes by 2028, which is expected to significantly increase market penetration [11][22] - The company is committed to investing in R&D, with a projected $1 billion investment over the next three years to support innovation and market expansion [72] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to sustain top-tier growth and value creation for shareholders, supported by a strong financial position and competitive advantages [15][24] - The company anticipates continued growth in 2026, with guidance for Omnipod revenue growth of 21%-23% and total company revenue growth of 20%-22% [36][37] - Management acknowledged potential challenges in sustaining growth due to anniversarying the first full year of the U.S. launch of Omnipod for Type 2 and annualizing several international launches [36] Other Important Information - The company achieved record new customer starts across both U.S. and international markets, with a significant portion coming from patients transitioning from multiple daily injections [6][26] - The company has built strong relationships with payers and PBMs, ensuring broad access to its products, available in approximately 48,000 U.S. pharmacies [12] - The company ended the quarter with $760 million in cash and delivered over $375 million in free cash flow for 2025, a 24% increase over the previous year [33] Q&A Session Summary Question: What is the most underappreciated part of the Insulet story from an investor perspective? - Management highlighted four key areas: technology leadership, growing commercial prowess, manufacturing at scale, and financial strength [44][45] Question: How are new patient start trends in the U.S. and outside the U.S.? - Management reported record new customer starts in both markets, with a significant portion coming from patients on multiple daily injections [51][53] Question: Can you help reconcile script trends to reported revenue? - Management advised that total pods are the best reflection of future revenue outlook, with total scripts as a secondary option [58][60] Question: How does the company plan to sustain growth amid new competition? - Management emphasized the barriers to entry in the market, including manufacturing at scale and the need for continued innovation [66][68]

Financial Data and Key Metrics Changes - The company reported a revenue decline of 1.1% for the full year, with a slight growth of 0.5% in Q4 [8][30] - Adjusted EBITDA grew by 0.9% for the full year, while Q4 saw a decline of 1.4% [8][36] - Free cash flow remained stable at CHF 80 million, aligning with guidance [8][9] - The proposed dividend is CHF 3.42, reflecting a 2.7% year-over-year growth [9][45] Business Line Data and Key Metrics Changes - Mobile RGUs increased by 82,000 for the full year, while fixed RGUs saw a slight decline of 3,000 [7] - The company experienced a postpaid net addition of 31,000 in Q4, the best outcome of the year [28] - The FMC (Fixed Mobile Convergence) rate increased to 59.8%, a 1.8 percentage point increase over the full year [28] Market Data and Key Metrics Changes - The company noted lower market liquidity during Black Friday, impacting trading volumes [17][26] - The CH Mobile launch contributed less than 50% of the inflow in Q4, primarily attracting price-sensitive customers [20][22] - The ARPU for mobile was CHF 29.2 in Q4, showing year-on-year growth, while fixed ARPU declined by 4% to around CHF 56 [29] Company Strategy and Development Direction - The company aims to stabilize customer ARPU through innovation, loyalty, and service, particularly in the A segment [48] - A focus on the SME segment in B2B is emphasized, with new bundles launched to enhance service offerings [52] - The company plans to reduce CapEx while improving infrastructure quality and operational efficiency [53][54] Management's Comments on Operating Environment and Future Outlook - Management acknowledged a delay in stabilizing the fixed consumer base, expecting continued impacts into 2026 [9][10] - The company anticipates a challenging Q1 due to Black Friday outflows but expects churn to improve by 10% [27][28] - The outlook for 2026 includes a projected EBITDA of around CHF 1 billion, with expectations for gradual revenue improvement [59] Other Important Information - The company achieved a score of 975 in the annual connect test, marking the strongest outcome in its history [10][11] - Sustainability efforts include a 49% reduction in greenhouse gas emissions and significant progress in circularity initiatives [15][16] Q&A Session Summary Question: Guidance on EBITDA and its building blocks - The company was asked to provide details on the components contributing to the CHF 1 billion EBITDA guidance, including the impact of selected price rises and cost savings [64] Answer: - Management indicated that the timing of potential changes in network strategy is driven by current market dynamics, with no immediate urgency to retire the cable network [66] - The company aims to improve gross profit alongside revenue growth, with expectations for a significant improvement in gross profit in 2026 [68]

Financial Data and Key Metrics Changes - The company reported a revenue decline of 1.1% for the full year, with a slight growth of 0.5% in Q4 [7][32] - Adjusted EBITDA grew by 0.9% for the full year, while Q4 saw a decline of 1.4% [8][38] - Free cash flow remained stable at CHF 80 million, aligning with guidance [8][32] - Proposed dividend of CHF 3.42 represents a 2.7% year-over-year growth [9][47] Business Line Data and Key Metrics Changes - Mobile RGUs increased by 82,000 for the full year, while fixed RGUs saw a slight decline of 3,000 [6][29] - Non-subscription revenue in residential grew by CHF 9 million in Q4, driven by higher handset volumes and fee increases [33] - B2B non-subscription revenue increased by CHF 11 million in Q4, attributed to fee adjustments and device sales [33] Market Data and Key Metrics Changes - The company experienced lower market liquidity during Black Friday, leading to extended promotional activities into December [18][19] - Postpaid net additions on the mobile side were 31,000 in Q4, the best outcome of the year [29] - Fixed customer base improved from a negative -7,000 in Q3 to -2,000 in Q4, although challenges are expected in Q1 [29] Company Strategy and Development Direction - The company aims to stabilize customer ARPU through innovation, loyalty, and service enhancements [50] - Focus on the SME segment in B2B with new bundles that include ICT services [54] - Continued emphasis on operational efficiency and cost reductions, leveraging AI for improved processes [55][56] Management Comments on Operating Environment and Future Outlook - Management noted a delay in the stabilization of the fixed consumer base, expecting continued impact into 2026 [10][63] - The company anticipates a gradual improvement in fixed volumes and ARPU, with a slight revenue increase expected in 2026 [57] - Management remains optimistic about maintaining a progressive dividend outlook for the upcoming years [63] Other Important Information - The company achieved a score of 975 points in the annual connect test, marking the strongest outcome in its history [10] - Significant progress in sustainability efforts, including a 49% reduction in greenhouse gas emissions [15][16] Q&A Session Summary Question: Guidance on EBITDA and its building blocks - The question inquired about the components contributing to the CHF 1 billion EBITDA guidance, including the impact of price increases and cost savings [66] Answer: - Management indicated that the guidance reflects a combination of improved revenue and cost management, with specific details to be provided [70] Question: Network roadmap and potential cable network retirement - The question asked about the strategy regarding the cable network and the potential benefits of wholesaling fiber from Swisscom [67] Answer: - Management stated that there is currently no urgency to change the strategy, as the HFC network remains stable and competitive [68]

DRDGOLD (NYSE:DRD) H1 2026 Earnings call February 18, 2026 03:00 AM ET Company ParticipantsHenriette Hooijer - CFOJaco Schoeman - COONiël Pretorius - CEONiël PretoriusThank you for again joining us for this DRDGOLD's interim results for financial year 2026. Before we start this presentation, I want to take a moment to remember Jan Nelson, who passed away earlier this week. Jan was a friend, and I'm ashamed to say that in recent times, I wasn't much of a friend to him, but his legacy lives on. He laid the fo ...

DRDGOLD (NYSE:DRD) H1 2026 Earnings call February 18, 2026 03:00 AM ET Company ParticipantsHenriette Hooijer - CFOJaco Schoeman - COONiël Pretorius - CEONiël PretoriusThank you for again joining us for this DRDGOLD's Interim Results for Financial Year 2026. Before we start this presentation, I want to take a moment to remember Jan Nelson, who passed away earlier this week. Jan was a friend, and I'm ashamed to say that in recent times, I wasn't much of a friend to him, but his legacy lives on. He laid the fo ...

DRDGOLD (NYSE:DRD) H1 2026 Earnings call February 18, 2026 03:00 AM ET Speaker2Thank you for again joining us for this DRDGOLD's interim results for financial year 2026. Before we start this presentation, I want to take a moment to remember Jan Nelson, who passed away earlier this week. Jan was a friend, and I'm ashamed to say that in recent times, I wasn't much of a friend to him, but his legacy lives on. He laid the foundation for what has become a very successful company in Pan African Resources, and we ...

Rush Street Interactive (NYSE:RSI) Q4 2025 Earnings call February 17, 2026 06:00 PM ET Speaker8Good day, ladies and gentlemen. Thank you for standing by. Welcome to the Rush Street Interactive fourth quarter and full year 2025 earnings conference call. All participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. Please note that this conference call is being recorded today, February 17, 2026. I will now turn the call over to Kyle Sauers, President and Chief ...

Beneficient (NasdaqCM:BENF) Q3 2026 Earnings call February 17, 2026 05:30 PM ET Company ParticipantsDan Callahan - Communications and Investor Relations ConsultantGiles Haycock - Managing DirectorGreg Ezell - CFOJames Silk - Interim CEOConference Call ParticipantsBrendan McCarthy - Equity Research AnalystOperatorHello, and thank you for standing by. Welcome to Beneficient's third quarter 2026 earnings conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation ...