Vishay Intertechnology (NYSE:VSH) Q4 2025 Earnings call February 04, 2026 09:00 AM ET Company ParticipantsDave McConnell - CFOJoel Smejkal - President and CEOPeter Henrici - Head of Investor RelationsPeter Peng - Equity Research AssociateShawn Holland - Financial Advisor and Portfolio ManagerConference Call ParticipantsRuplu Bhattacharya - VP and Senior Equity Research AnalystOperatorGood day, and thank you for standing by. Welcome to the Vishay Intertechnology fourth quarter 2025 earnings call. At this tim ...

IDEX (NYSE:IEX) Q4 2025 Earnings call February 04, 2026 09:00 AM ET Company ParticipantsEric Ashleman - President and CEOJim Giannakouros - VP of Investor RelationsRob Wertheimer - Founding Partner and Director of ResearchSean Gillen - CFOConference Call ParticipantsAndrew Buscaglia - Senior Equity Research AnalystBryan Blair - Managing Director and Senior Equity Research AnalystDeane Dray - Managing Director and Senior Equity AnalystJoe Giordano - Managing Director and Senior Equity Research AnalystMatt Su ...

Bio-Techne (NasdaqGS:TECH) Q2 2026 Earnings call February 04, 2026 09:00 AM ET Company ParticipantsBrandon Couillard - Managing DirectorDan Arias - Managing DirectorDavid Clair - VP of Investor RelationsJim Hippel - CFOKim Kelderman - President and CEOPatrick Donnelly - Managing Director of Equity ResearchConference Call ParticipantsDan Leonard - Managing Director of Research AnalystMac Etoch - Equity Research AnalystMatt Larew - AnalystPuneet Souda - Senior Research AnalystOperatorThank you for your contin ...

Financial Data and Key Metrics Changes - The company reported a fiscal 2026 first quarter net income of $403 million, or $2.44 per diluted share, representing a 9.4% increase over the prior year quarter [4][10] - First quarter capital expenditures totaled $1 billion, with over 85% focused on enhancing safety and reliability [4][10] - The rebased fiscal 2026 earnings per share guidance is in the range of $8.15-$8.35 per share [4][14] Business Line Data and Key Metrics Changes - The Atmos Pipeline-Texas division achieved several project milestones, including the installation of approximately 55 miles of pipeline and enhancements to the Bethel Salt Dome storage facility [5][6] - APT's through system revenues, net of Rider REV, increased by about $7 million, although through system volumes declined approximately 2 Bcf due to maintenance [10][11] Market Data and Key Metrics Changes - The company added nearly 54,000 new customers over the 12 months ending December 31, 2025, with approximately 42,000 in Texas [7] - Customer satisfaction ratings reached 98% for the quarter, and Atmos Energy was recognized for customer satisfaction in the South and Midwest regions [8][9] Company Strategy and Development Direction - The company continues to focus on system modernization and safety, with a capital spending plan of $4.2 billion [4][14] - The company is actively engaging in regulatory discussions regarding affordability and reliability, emphasizing the importance of investments for system performance [32][33] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to manage the impacts of Winter Storm Fern, noting minimal supply issues and effective gas supply planning [23][24] - The company remains on track to achieve its fiscal 2026 earnings guidance and is evaluating future needs for gas supply and storage based on customer growth [14][54] Other Important Information - The company completed over $1 billion of long-term debt and equity financing, with $600 million in long-term debt financing completed in October 2025 [12][13] - The company has $4.6 billion in available liquidity, including net proceeds from existing forward sale agreements [13][14] Q&A Session Summary Question: Discussion on the $35 million benefit for the quarter - Management indicated that the impact of the deferrals under House Bill 4384 will depend on spending timing and operational activities, maintaining guidance of $8.15-$8.35 per share [16][17] Question: Financial impacts from Winter Storm Fern - Management noted that the storm's impact was less severe than previous events, with effective gas supply planning mitigating potential issues [23][24] Question: Affordability pressures in regulatory proceedings - Management confirmed that affordability is a continuous topic with regulators, who understand the need for investment to maintain reliability and safety [31][32] Question: Opportunities in gas power projects - Management acknowledged ongoing inquiries regarding large loads and power generation but emphasized the need for signed contracts before making announcements [34] Question: Impact of recent political changes in Texas - Management stated that the company remains apolitical and will work with all stakeholders to emphasize the importance of natural gas for communities [38] Question: Mississippi rate case outcome - Management confirmed that the outcome will not adjust the overall investment plan, which focuses on safety and reliability [39][40]

Financial Data and Key Metrics Changes - The company reported Q4 revenue of $801 million, slightly above the midpoint of guidance and a 1.3% increase from Q3 [4] - Revenue increased by 12% compared to Q4 2024, driven by an 11% increase in volume and a favorable foreign currency impact of 3% [18] - Gross profit was $157 million, resulting in a gross margin of 19.6%, which is modestly above both the midpoint of guidance and Q3 [18][19] - GAAP earnings per share was $0.01, compared to a loss of $0.06 in Q3 and a loss of $0.49 in Q4 2024 [20] Business Line Data and Key Metrics Changes - Automotive revenue decreased by 3.4% versus Q3, while Asia automotive revenue grew in a seasonally strong quarter [9] - Industrial power revenue increased by 3.2%, driven by shipments of high voltage DC power capacitors and inventory replenishment [10] - Aerospace and defense revenue was slightly down by 1.2%, reflecting U.S. government shutdown impacts [12] - Healthcare revenue was flat compared to Q3, with Europe experiencing its strongest quarter in three years [13] - Other category revenue grew by 10.6%, primarily due to AI power management applications [13] Market Data and Key Metrics Changes - Revenue growth for the quarter came entirely from Asia, which grew by 3.6%, while the Americas and Europe were flat due to year-end holiday slowdowns [16] - Book-to-bill ratio was 1.2, indicating strong order growth across all regions and channels [7] - Backlog at quarter end was $1.3 billion, representing 4.9 months of supply [8] Company Strategy and Development Direction - The company is executing a five-year strategic plan aimed at driving faster revenue growth and enhancing capital returns [28] - Significant investments are being made in capacity expansion, particularly at the 12-inch fab, with expected CapEx of $400 million to $440 million in 2026 [28][29] - The company is focusing on innovation, including the release of new products and solutions, particularly in silicon carbide technology for automotive applications [30][31] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in maintaining competitive lead times and securing customer trust, positioning the company for revenue growth in 2026 [32] - The company anticipates continued demand in key growth segments, with customer program visibility improving [32] - Management expects revenue for Q1 2026 to be between $800 million and $830 million, with sequential increases in all key growth segments [25] Other Important Information - The company generated $149 million in operating cash for Q4, with total CapEx for the quarter at $95 million [22] - The cash conversion cycle improved to 125 days, down from 130 days in Q3 [22] - The company plans to maintain its dividend policy, returning at least 70% of free cash flow to shareholders [27] Q&A Session Summary Question: What is the current view on industry growth expectations? - Management maintains a view of mid to high single-digit growth across key segments, including industrial power and automotive [35][36] Question: How are gross margins expected to trend? - Management indicated that annual contractual negotiations have resulted in less historical ASP decline, with price increases implemented due to higher material costs [38][39] Question: What is the outlook for automotive demand? - Management noted gains in market share and increasing volumes, particularly in technology areas such as electrification and ADAS [44][45] Question: Can you elaborate on CapEx and OpEx plans? - Management outlined a CapEx plan of $400 million to $440 million for 2026, focusing on capacity expansion and targeted projects [54][55] Question: Is M&A being considered? - Management confirmed that M&A is always on the table, with a focus on optimizing the company's footprint and exploring opportunities in both passive and active segments [62]

Corteva (NYSE:CTVA) Q4 2025 Earnings call February 04, 2026 09:00 AM ET Speaker6Thank you for standing by. My name is Kate, and I will be your conference operator today. At this time, I would like to welcome everyone to Corteva Agriscience 4Q2025 earnings. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question-and-answer session. If you would like to ask a question during this time, simply press star followed by the number 1 on your telephon ...

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