550 material Form 8-K filings that 454 companies we cover made with the SEC in December 2025, each read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). All of them were written later, when past filings were added: a selection, not every 8-K of the month (see the note below).
Helix Energy Solutions Group said CEO and board member Owen Kratz has told the board he intends to retire. He will stay in the CEO role until the board appoints a successor, and the company says it is focused on continuity and a smooth transition. The filing gives no financial results or guidance, so the main shareholder impact is the pending change in top leadership.
Owen Kratz informed the board on December 17, 2025 of his intention to retire as President and CEO.
Kratz will continue as CEO until the board appoints a successor.
Kratz joined Helix (then Cal Dive International) in 1984 and was first appointed CEO in 1997.
Board Chairman Bill Transier said the board is seeking a next CEO with proven experience as a global business leader.
On December 17, 2025, Commercial Metals entered into a Third Amendment to its credit agreement, raising its revolving credit facility from $600.0 million to $1.0 billion and extending the maturity from October 26, 2029 to December 17, 2030. The amendment also allows the company to request up to $250.0 million in additional revolving commitments or new term loan commitments, subject to certain conditions. The filing does not report earnings or guidance, so the change is a financing update that increases the company's available borrowing capacity.
Revolving credit facility capacity increased from $600.0 million to $1.0 billion.
Maturity extended from October 26, 2029 to December 17, 2030.
Company may request up to $250.0 million in aggregate increases or new term loan commitments, subject to conditions.
Other terms of the Credit Agreement remain the same, per the filing.
Essential Properties Realty Trust announced that Robert W. Salisbury, CFA, will become Executive Vice President and Chief Financial Officer effective January 1, 2026, replacing Mark E. Patten, who resigns effective December 31, 2025. Salisbury has been a Senior Vice President in the company's finance department since 2023, leading capital markets and investor relations, so the change moves an internal executive into the top finance role.
Robert W. Salisbury, CFA, 43, named EVP and CFO effective January 1, 2026
Mark E. Patten resigns as CFO effective December 31, 2025, to pursue a new professional opportunity
Company states Patten's departure is not due to any disagreement on accounting, disclosure or internal controls
Salisbury's compensation as CFO will be determined at a later time
NNN REIT, Inc. entered into a Term Loan Agreement dated December 17, 2025, with Wells Fargo Bank as administrative agent, providing up to $300 million of senior unsecured borrowing capacity during a six-month delayed draw period. The company also amended its revolving credit agreement to remove a 10 basis point SOFR credit spread adjustment. No funds have been drawn on the term loan to date, and the company expects to use future proceeds for general corporate purposes.
Term loan provides $300 million of senior unsecured borrowing capacity during a six-month delayed draw period, with an accordion option up to $500 million
Maturity date is February 15, 2029, with two one-year extension options at the company's option
Forward starting swaps totaling $200 million fix SOFR at 3.22% through January 15, 2029; margin of 0.85% for SOFR borrowings may change with credit ratings
Franklin Resources entered a joinder agreement on December 11, 2025 that raised the commitments under its senior unsecured revolving credit facility by $400 million to $1.5 billion. On December 17, 2025, its board also authorized up to 20.8 million additional shares for repurchase, bringing the total available to 40.0 million, and the company announced a quarterly dividend of $0.33 per share, a 3.1% increase.
Credit facility commitments rose by $400 million, from $1.1 billion to $1.5 billion, under an agreement with Bank of America, N.A. as administrative agent
Board authorized up to 20.8 million additional shares for repurchase; about 19.2 million shares remained available at November 30, 2025
Quarterly dividend of $0.33 per share, up 3.1%, payable January 9, 2026 to holders of record on December 30, 2025
Customers Bancorp and Customers Bank completed an underwritten public offering of $100 million in 6.875% fixed-to-floating rate subordinated notes due 2036, priced at 100% of principal, on December 15, 2025. The company estimates net proceeds of about $98 million, which it plans to use for general corporate purposes, including a possible partial redemption of the Bank's 6.125% notes due 2029 on March 26, 2026.
Offering size: $100 million principal amount of 6.875% Fixed-to-Floating Rate Subordinated Notes due 2036, sold at 100.00% of principal
Estimated net proceeds: approximately $98 million after discounts, commissions and offering expenses
Possible use: partial redemption of the Bank's 6.125% Fixed-to-Floating Rate Subordinated Notes due 2029 on March 26, 2026, along with other general corporate purposes
Underwriters: Keefe, Bruyette & Woods, Piper Sandler & Co. and Raymond James & Associates; the Notes are not FDIC-insured
At its December 16, 2025 annual meeting, Cisco stockholders approved an amended and restated 2005 Stock Incentive Plan that adds 57,490,000 shares authorized for issuance. All nine director nominees were elected, and PricewaterhouseCoopers LLP was ratified as the independent auditor for the fiscal year ending July 25, 2026. The filing reports these as routine results of the annual meeting.
Shares authorized under the stock plan increased by 57,490,000; the plan terminates at the 2030 Annual Meeting unless re-adopted or extended.
The Board approved the amended plan on October 16, 2025; it took effect on stockholder approval on December 16, 2025.
Stockholder Proposal 5, on evaluating inclusion programs, received 30,473,075 votes for and 2,826,591,726 against.
PricewaterhouseCoopers LLP ratification received 3,034,788,553 votes for and 285,499,501 against.
Enerpac Tool Group reported first-quarter fiscal 2026 results for the three months ended November 30, 2025. Net sales fell 1% to $144.2 million and net earnings declined to $19.1 million, or $0.36 per diluted share, from $21.7 million, or $0.40, a year earlier. The company kept its fiscal 2026 outlook unchanged, which matters to shareholders because it signals no change to the full-year guidance despite the lower first-quarter profit.
Net sales were $144.2 million, down from $145.2 million a year earlier; organic sales declined 2%.
Net earnings were $19.1 million, or $0.36 per diluted share, versus $21.7 million, or $0.40, in the prior-year period.
Adjusted EBITDA was $32.4 million, with a 22.4% margin, compared with $34.3 million a year earlier.
The company maintained its fiscal 2026 outlook, including net sales of $635 million to $655 million and adjusted EPS of $1.85 to $2.00.
N-able's board increased its size and elected Patrick Pulvermueller as an independent Class III director on December 12, 2025, with a term running to the 2027 annual meeting. The filing reports no material financial figures and describes routine director compensation and indemnification terms, so the change is administrative in nature for shareholders.
Board elected Patrick Pulvermueller as an independent Class III director on December 12, 2025, filling a newly created vacancy
Initial term expires at the 2027 Annual Meeting of Stockholders
He receives standard non-employee director pay, prorated for 2025, and will be eligible for the annual RSU award after the 2026 annual meeting
He will sign N-able's standard director indemnification agreement
Tompkins Financial entered into a new defined contribution supplemental executive retirement plan for CFO Matthew Tomazin and a similar plan for CEO Stephen Romaine, both effective December 16, 2025. It also amended Romaine's existing defined benefit SERP so that a minimum senior incentive payment is used to calculate benefits. These are executive compensation changes, with no effect on reported results disclosed in the filing.
Company will contribute 20% of CFO Matthew Tomazin's base pay annually to his DC SERP, credited at Prime plus 1%
Company will contribute 15% of CEO Stephen Romaine's base pay annually to his DC SERP, credited at Prime plus 1%
Romaine's DB SERP earnings now use 50% of the greater of actual senior incentive paid or 70% of target senior incentive
Tomazin becomes fully vested in his DC SERP balance at the sixth anniversary of the effective date
CareTrust REIT amended its operating partnership agreement on December 11, 2025, creating a new class of LTIP Units that can be used for executive and director equity compensation. The Compensation Committee also let directors and executive officers elect to receive annual equity awards in Basic LTIP Units or Performance LTIP Units. The filing describes the changes as largely administrative, and it does not state any dollar amounts or share counts.
Amended Operating Partnership Agreement dated December 11, 2025 creates LTIP Units, including Basic LTIP Units and Performance LTIP Units.
Basic LTIP Units generally vest with continued service; Performance LTIP Units also depend on the Company's total shareholder return relative to a peer group.
Compensation Committee approved forms of Basic LTIP and Performance LTIP award agreements under the Incentive Award Plan, filed as Exhibits 10.2 and 10.3.
Delta announced that Glen Hauenstein, its President, will retire effective February 28, 2026. Joe Esposito, a 35-year Delta veteran, was named E.V.P. and Chief Commercial Officer, overseeing network planning, revenue management, sales and loyalty. The filing reports no financial figures, but it marks a leadership change in Delta's commercial functions.
Glen Hauenstein, Delta's President, retires effective February 28, 2026
Joe Esposito, a 35-year Delta veteran, named E.V.P. and Chief Commercial Officer
Esposito oversees network planning, revenue management, sales and loyalty
Hauenstein will serve as a strategic advisor through the end of next year
At its December 16, 2025 annual meeting, United Natural Foods stockholders elected ten directors, ratified KPMG LLP as auditor, approved an advisory say-on-pay vote, and approved a Fifth Amended and Restated 2020 Equity Incentive Plan that adds 1,500,000 shares. The filing also says the company has $138 million left under a $200 million buyback authorization but has not repurchased shares since the fourth quarter of fiscal 2023 and expects to resume opportunistic repurchases, subject to a term loan limit of $25 million until its net leverage ratio is 3.00:1.00 or lower.
Stockholders approved the Fifth Amended and Restated 2020 Equity Incentive Plan, which increases the shares issuable under the plan by 1,500,000, with 34,540,446 votes for and 13,095,862 against.
Ten directors were elected, including Lynn S. Blake, James M. Loree and Jack Stahl, each to serve until the next annual meeting.
$138 million remains under the $200 million repurchase program, with no repurchases since the fourth quarter of fiscal 2023; the term loan limits repurchases to $25 million until net leverage is 3.00:1.00 or lower.
Celanese US Holdings, a wholly owned subsidiary of Celanese, completed a registered offering of $1.4 billion in senior notes due 2031 and 2034. Net proceeds, with available cash, will repay term loan borrowings and fund tender offers for about $1.2 billion of existing 2027 and 2028 notes, which reshapes the company's debt maturities.
$600 million of 7.000% senior notes due 2031 and $800 million of 7.375% senior notes due 2034 were issued on December 17, 2025
Proceeds, with available cash, will repay a five-year term loan due 2027 and fund tender offers for about $1.2 billion of 6.665% notes due 2027 and 6.850% notes due 2028
Celanese Corporation guarantees the notes on a senior unsecured basis; interest is payable semi-annually starting August 15, 2026
Xcel Energy's board elected Maria Demaree, a Lockheed Martin senior vice president and chief information officer, as a director effective December 17, 2025. The board increased its size from 11 to 12 seats and named her to the Audit Committee and the Operations, Nuclear, Environmental and Safety Committee, which adds a technology and cybersecurity executive to oversight roles.
Maria Demaree, 57, elected to the board effective December 17, 2025
Board size increased from 11 to 12 directors
Appointed to the Audit Committee and the Operations, Nuclear, Environmental and Safety Committee
Board determined she is independent; she will receive non-employee director compensation, prorated until the 2026 Annual Meeting of Shareholders
MillerKnoll reported fiscal second-quarter 2026 results for the quarter ended November 29, 2025, with net sales down 1.6% year over year to $955.2 million and diluted EPS of $0.35, versus $0.49 a year earlier. Orders rose 5.5% to $972.5 million, and the company guided third-quarter net sales to $923 million to $963 million and adjusted diluted EPS to $0.42 to $0.48.
Net sales of $955.2 million, down 1.6% as reported and down 2.5% organically
Diluted EPS of $0.35 versus $0.49 a year earlier; adjusted diluted EPS of $0.43 versus $0.55
Orders of $972.5 million, up 5.5% year over year
Q3 fiscal 2026 outlook: net sales of $923 million to $963 million and adjusted diluted EPS of $0.42 to $0.48
BioMarin announced that Rashmi Ramchandani will become Vice President and Chief Accounting Officer on January 19, 2026, taking over as principal accounting officer from CFO Brian Mueller, who remains CFO. The filing sets out her pay package, including a $460,000 base salary and a $400,000 sign-on bonus, which matters to shareholders as a routine finance leadership change with defined compensation.
Ramchandani's effective start date is January 19, 2026; she becomes principal accounting officer from Brian Mueller, who stays EVP and CFO.
Compensation includes a $460,000 base salary, a $400,000 sign-on bonus, and a 45% target bonus payout starting in 2026.
Equity awards include RSUs valued at $1,050,000 and $400,000, and stock options valued at $450,000.
Ramchandani previously held accounting roles at Gilead Sciences and was a controller at Strava, Inc.
Fulton Financial said its president, Angela Snyder, will retire December 31, 2025, and that Chairman and CEO Curtis Myers will also take on the title of president from January 1, 2026. Snyder will serve as a consultant through December 31, 2026 for a $600,000 lump-sum fee, and will remain a director of Fulton Bank. The changes consolidate top leadership roles under one executive.
Angela Snyder retires as president effective December 31, 2025, and enters a consulting agreement running January 1 to December 31, 2026
Snyder receives a $600,000 lump-sum payment on or about January 1, 2026, plus reasonable expense reimbursement
Curtis Myers, 57, becomes Chairman, Chief Executive Officer and President of Fulton and Fulton Bank effective January 1, 2026
Micron reported first-quarter fiscal 2026 revenue of $13.64 billion and GAAP net income of $5.24 billion, or $4.60 per diluted share, both well above the prior quarter and the year-earlier period. The company guided second-quarter revenue to $18.70 billion, plus or minus $400 million, and non-GAAP diluted EPS to $8.42, plus or minus $0.20, which signals a sharp increase in expected earnings for shareholders.
Q1 fiscal 2026 revenue was $13.64 billion, versus $11.32 billion in the prior quarter and $8.71 billion a year earlier.
GAAP diluted EPS was $4.60 and non-GAAP diluted EPS was $4.78 for the quarter ended November 27, 2025.
Q2 fiscal 2026 outlook: revenue of $18.70 billion ± $400 million and non-GAAP diluted EPS of $8.42 ± $0.20.
Adjusted free cash flow was $3.9 billion, and the board declared a quarterly dividend of $0.115 per share payable January 14, 2026.
Insulet's Compensation Committee approved an amended and restated Annual Incentive Plan on December 11, 2025, effective January 1, 2026. The changes expand eligibility for prorated payments after retirement and for certain terminations without Cause, and increase the maximum award for participants.
Committee approved the amended and restated Annual Incentive Plan on December 11, 2025, effective January 1, 2026.
Maximum award for participants was increased; the filing does not state the new amount.
Changes also clarify the definition of "for Cause" termination and strengthen compensation recoupment language.
At the December 16, 2025 annual meeting, Winnebago shareholders approved an amended 2019 Omnibus Incentive Plan that adds 820,000 shares and extends the plan's term, and an amended Employee Stock Purchase Plan that adds 200,000 shares. Shareholders also elected three Class II directors, approved the named executive officer compensation in a non-binding vote, and ratified Deloitte & Touche LLP as auditor for fiscal 2026.
Incentive plan approved with 19,554,470 votes for and 1,269,526 against, plus an additional 820,000 shares and an extended term.
Employee Stock Purchase Plan approved with 20,562,730 votes for and 277,523 against, plus an additional 200,000 shares.
Kevin E. Bryant, John M. Murabito and Michael E. Pack elected Class II directors for three-year terms ending in 2028.
Deloitte & Touche LLP ratified as independent registered public accountant for the fiscal year ending August 29, 2026, with 23,759,789 votes for.
Spire Tennessee, a wholly owned subsidiary of Spire Inc., agreed on December 17, 2025 to sell up to $825 million of Series 2026 Senior Notes in a private placement. Closing can occur any time after an Acquisition Condition is satisfied and on or before June 30, 2026, and the interest rate on each tranche rises the later the closing occurs.
Five tranches totaling $825 million, maturing April 1, 2029 through April 1, 2038
Rates for closings on or before March 31, 2026 range from 4.59% (Tranche A) to 5.44% (Tranche E)
Rates increase 2 to 6 basis points for later closings, up to June 30, 2026 outside date
Notes are senior unsecured, issued at par; proceeds follow the Investor Presentation's Use of Proceeds
Progressive reported November 2025 results in a news release furnished under Regulation FD. Net income fell 5% year over year to $958 million, or $1.63 per share, while net premiums written rose 11% to $6,193 million and the combined ratio worsened to 87.1 from 85.6. Year-to-date net income through November was $10,161 million, up from $7,538 million a year earlier.
November net income was $958 million, down 5% from $1,006 million in November 2024.
November net premiums written rose 11% to $6,193 million; net premiums earned rose 14% to $6,894 million.
The November combined ratio was 87.1, compared with 85.6 a year earlier, a 1.5-point increase.
Year-to-date net income was $10,161 million, compared with $7,538 million for the same period in 2024.
Deluxe Receivables LLC, a wholly-owned subsidiary of Deluxe Corporation, entered into Amendment No. 1 to its Receivables Financing Agreement with MUFG Bank on December 15, 2025. The amendment increases the facility limit to $100 million and extends the scheduled termination date to December 14, 2028. For shareholders, this is a financing amendment that expands borrowing capacity and extends the facility's term, with pricing tied to the company's long-term debt rating.
Facility limit increased to $100,000,000 from the prior limit under the March 13, 2024 agreement
Required Capital Amount increased to $17,500,000
Scheduled Termination Date extended from March 12, 2027 to December 14, 2028
Pricing Level as of the Closing Date is II, with a drawn fee of 1.15%
ManpowerGroup sold €500 million of 3.750% senior unsecured notes due December 13, 2030, and will use the proceeds to redeem its €500 million 1.750% notes due June 22, 2026. The company also replaced its previous $600 million revolving credit facility with a new five-year, $600 million facility, with an option to request up to $300 million more in certain circumstances. The filing describes these as refinancing actions on existing debt and does not report new earnings or guidance.
Notes: €500 million of 3.750% senior unsecured notes due December 13, 2030, issued at 99.839% of principal; net proceeds about €497.395 million
Redemption: 1.750% notes due June 22, 2026 to be redeemed January 14, 2026 at the greater of par or a make-whole price
Credit Agreement dated December 15, 2025 provides a $600 million five-year revolving facility, replacing the May 27, 2022 agreement, which terminated with no early termination penalties
Toro reported fiscal 2025 results for the year ended October 31, 2025. Net sales fell 2% to $4.51 billion and reported diluted EPS fell 21% to $3.17, while adjusted diluted EPS rose 1% to $4.20, which the company said beat its expectations. The company guided to fiscal 2026 adjusted diluted EPS of $4.35 to $4.50 and net sales growth of 2% to 5%.
Full-year net sales were $4.51 billion, down from $4.58 billion; reported net earnings were $316.1 million, down from $418.9 million, including an $81.1 million non-cash impairment charge.
Full-year adjusted diluted EPS was $4.20, up from $4.17; fourth-quarter reported diluted EPS was $0.74 versus $0.87 a year earlier.
Free cash flow was $578 million, and the company returned $441 million to shareholders through dividends and common stock repurchases.
Fiscal 2026 guidance includes adjusted diluted EPS of $4.35 to $4.50 and net sales growth of 2% to 5%, including about 2% from the Tornado acquisition.
Ingersoll Rand increased its board to ten directors and appointed Jerome Guillen, former president at Tesla, as an independent director effective January 1, 2026. He will also sit on the Compensation and Sustainability Committees, and his pay will follow the company's standard non-employee director policy.
Jerome Guillen appointed director effective January 1, 2026; board expanded to ten directors
Guillen joins the Compensation Committee and Sustainability Committee upon becoming a director
Board determined Guillen is independent under NYSE listing standards
Guillen previously held leadership roles at Tesla, Daimler AG and McKinsey & Company
Five9 said its board appointed Amit Mathradas as chief executive officer and Class III director, effective February 2, 2026, and Michael Burkland will stop serving as CEO on that date. Burkland will remain on the board under his July 31, 2025 employment transition agreement. The filing sets out Mathradas' pay package, including a $600,000 base salary, a $12.5 million RSU award and a $14.0 million target PRSU award, which matters to shareholders as the terms of a CEO change.
Amit Mathradas becomes CEO and a Class III director effective February 2, 2026, with his term expiring at the 2026 annual meeting
Michael Burkland stops serving as CEO on the effective date and continues on the board under his July 31, 2025 transition agreement
Offer letter dated December 15, 2025 provides a $600,000 base salary, a target bonus of 100% of base salary, and a $550,000 sign-on bonus
Equity grants include a $12.5 million RSU award and a $14.0 million target PRSU award tied to relative total stockholder return
Founder Alfred P. West, Jr. resigned as a director and officer of SEI Investments effective January 1, 2026, and will serve as non-voting Chairman Emeritus. Independent director Carl Guarino will become non-executive Chairman, and the board will shrink from nine members to eight. West said his resignation was not due to a disagreement with the company, and the board also declared a $0.52 per share dividend.
West tendered his resignation on December 12, 2025, effective January 1, 2026, and said it was not due to a disagreement on operations, policies or practices.
Carl Guarino, an independent director since 2014, was appointed non-executive Chairman effective upon West's resignation.
The board size will be reduced from nine members to eight, also effective upon West's resignation.
The board declared a $0.52 per share cash dividend on December 12, 2025, with a record date of December 29, 2025 and a payment date of January 12, 2026.
PG&E Corporation and Pacific Gas and Electric Company announced leadership changes approved by their boards on December 11, 2025, effective January 1, 2026. Sumeet Singh will become CEO of the Utility, and Carla Peterman will become President of PG&E Corporation, and the Utility's bylaws were amended to clarify the CEO role.
Sumeet Singh, currently EVP, Operations and COO of the Utility, becomes CEO of Pacific Gas and Electric Company and EVP, Energy Delivery, effective January 1, 2026
Carla Peterman is elected President of PG&E Corporation and EVP, Customer and Corporate Affairs, effective January 1, 2026
Marlene Santos and Jason Glickman take new EVP roles in enterprise transformation and strategy and growth
Utility's Amended and Restated Bylaws took effect December 11, 2025; the filing describes the changes as clarifying and largely non-substantive
Progyny said its President, Michael Sturmer, will leave the company effective December 31, 2025, and the company will not name a successor to the role. Sturmer will serve as a non-employee consultant through December 31, 2026, for an annual advisory fee of $250,000 to help continue projects begun during his tenure.
Sturmer's employment ends December 31, 2025; he receives severance under his December 17, 2021 employment agreement
No successor will be named for the President role; the company cites added Chief Commercial, Technology, Operating and Product Officers
Consulting agreement runs through December 31, 2026 at $250,000 per year
Options remain exercisable longer if he provides services through June 30, 2026
Jabil reported preliminary, unaudited first-quarter fiscal 2026 results for the quarter ended November 30, 2025, with net revenue of $8.3 billion, up from $7.0 billion a year earlier, and U.S. GAAP diluted earnings per share of $1.35, up from $0.88. The company raised its fiscal 2026 outlook for revenue, core operating margin and core earnings per share, which shareholders may view as a positive signal on the year ahead.
Q1 net revenue $8.3 billion vs. $7.0 billion a year earlier; U.S. GAAP operating income $283 million vs. $197 million
Q1 core diluted EPS (non-GAAP) $2.85 vs. $2.00 a year earlier; U.S. GAAP diluted EPS $1.35 vs. $0.88
Fiscal 2026 outlook: net revenue $32.4 billion, core operating margin 5.7%, core diluted EPS $11.55, adjusted free cash flow $1.3 billion or more
Q2 fiscal 2026 outlook: net revenue $7.5 billion to $8.0 billion; core diluted EPS $2.27 to $2.67
ABM reported fourth-quarter fiscal 2025 revenue of $2.3 billion, up 5.4%, and net income of $34.8 million, compared with a net loss a year earlier. Adjusted diluted EPS was flat at $0.88, and the company gave fiscal 2026 adjusted EPS guidance of $3.85 to $4.15. ABM also agreed to acquire WGNSTAR for about $275 million in cash, subject to regulatory approvals.
Q4 revenue $2.3 billion, up 5.4%; net income $34.8 million ($0.56 per diluted share) vs. a net loss of $11.7 million a year earlier
Adjusted diluted EPS $0.88, unchanged from the prior year; Q4 adjusted EBITDA $124.2 million vs. $125.6 million, including a $22.2 million pre-tax prior-year self-insurance impact
Fiscal 2026 adjusted EPS guidance of $3.85 to $4.15, before any prior-year self-insurance adjustments
Share purchase agreement signed December 15, 2025, for WGNSTAR at about $275 million in cash; closing requires HSR waiting period expiration and Irish regulatory approvals
General Mills reported fiscal 2026 second-quarter results for the quarter ended November 23, 2025, with net sales of $4.9 billion, down 7%, and diluted EPS of $0.78, down 45%. The company cited investments in its brands, the North American yogurt divestitures and an unfavorable trade expense timing comparison, and it reaffirmed its full-year fiscal 2026 targets, which call for adjusted operating profit and adjusted diluted EPS both to be down 10 to 15% in constant currency. For shareholders, the quarter shows a sharp drop in sales and profit, but the full-year targets were held rather than cut.
Second-quarter net sales were $4.9 billion, down 7%; organic net sales were down 1%.
Diluted EPS was $0.78, down 45%; adjusted diluted EPS was $1.10, down 21% in constant currency.
Operating profit was $728 million, down 32%, with restructuring, transformation, impairment and other exit costs of $122 million versus $1 million a year ago.
Full-year fiscal 2026 targets were reaffirmed, including adjusted operating profit and adjusted diluted EPS both expected down 10 to 15% in constant currency.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Briefs marked “Written later” were written in November 2026 for filings that were by then more than three weeks old, so months before mid-October 2026 hold a selection: every material 8-K of the past year for the 100 largest companies we cover and the last 15 important 8-Ks of every other one. Briefs the number check holds back are not shown or counted. Also: the last 45 days, briefs by company, A–Z and the live SEC filings wire.