924 material Form 8-K filings that 737 companies we cover made with the SEC in January 2026, 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).
Federated Hermes reported fourth-quarter 2025 earnings per diluted share of $1.39, up from $1.04 a year earlier, as revenue rose 14% to $482.8 million. Total managed assets reached $902.6 billion at Dec. 31, 2025, and the board declared a $0.34 quarterly dividend. Higher money market and equity assets drove the revenue gain, and the company bought back $78.7 million of Class B stock in the quarter.
Q4 2025 net income was $107.0 million, compared with $84.7 million in Q4 2024.
Full-year 2025 EPS was $5.13, compared with $3.23 for 2024, which included a $66.3 million non-cash impairment.
Quarterly dividend of $0.34 per share is payable Feb. 13, 2026, to shareholders of record as of Feb. 6, 2026.
In Q4 2025 the company bought 1,566,901 Class B shares for $78.7 million; full-year 2025 repurchases totaled 6,192,433 shares for $263.4 million.
Cavco Industries reported results for the fiscal third quarter ended December 27, 2025. Net revenue rose 11.3% to $581.0 million, helped by higher home sales volume and the September 29, 2025 acquisition of American Homestar, but diluted earnings per share fell 19.1% to $5.58 from $6.90 as income before taxes declined 16.9%.
Net revenue was $581.0 million, up $59 million or 11.3% from $522.0 million a year earlier.
Diluted net income per share was $5.58, down 19.1% from $6.90; net income was $44.1 million versus $56.5 million.
American Homestar contributed $42 million to net revenue and $2.9 million of deal costs were recorded in the quarter.
Stock repurchases were approximately $44 million in the quarter, leaving approximately $98 million available under Board authorizations.
The Bancorp reported fourth-quarter 2025 net income of $56.3 million, or $1.28 per diluted share, up from $1.15 a year earlier, and initiated 2026 EPS guidance of $5.90. Management said results fell short of its own expectations and prior guidance, citing transaction volume, slower sponsored credit growth, net interest margin compression and a legal settlement cost. The company repurchased $150.0 million of shares in the quarter and has authorized up to $200 million of repurchases for 2026.
Q4 2025 EPS of $1.28 vs. $1.15 in Q4 2024 (up 11%) and $1.18 in Q3 2025; net income $56.3 million vs. $55.9 million a year earlier
Net interest margin 4.30%, down from 4.55% a year earlier; net interest income $92.1 million vs. $94.3 million
2026 EPS guidance of $5.90, at least $1.75 for Q4 2026, and a preliminary 2027 outlook of $8.25
Q4 2025 share repurchases of $150.0 million; $200 million authorized for 2026, or $50 million per quarter
PennyMac Mortgage Investment Trust reported fourth-quarter 2025 net income attributable to common shareholders of $41.9 million, or $0.48 per share, up from $0.41 a year earlier but down from $0.55 in the third quarter. For the full year, earnings fell to $86.1 million, or $0.99 per share, from $1.37 in 2024, while book value per common share declined from $15.87 to $15.25 and full-year dividends totaled $1.60 per share.
Q4 2025 net income attributable to common shareholders was $41.9 million, or $0.48 per share, versus $0.41 in Q4 2024 and $0.55 in Q3 2025.
Full-year 2025 net income attributable to common shareholders was $86.1 million, versus $119.2 million in 2024; diluted EPS was $0.99 versus $1.37.
Book value per common share was $15.25 at December 31, 2025, up from $15.16 at September 30, 2025.
A Q4 2025 cash dividend of $0.40 per common share was paid on January 23, 2026.
Apple reported fiscal first-quarter 2026 results for the period ended December 27, 2025, with revenue of $143.8 billion, up 16%, and diluted earnings per share of $2.84, up 19%, both described by the company as all-time records. The board also declared a quarterly dividend of $0.26 per share, and the CFO said the company generated nearly $54 billion in operating cash flow and returned almost $32 billion to shareholders. The release does not include guidance for future quarters.
Revenue of $143.8 billion, up 16% from a year earlier; iPhone net sales were $85.3 billion.
Diluted EPS of $2.84, up 19% year over year; net income of $42.1 billion.
Quarterly dividend of $0.26 per share, payable February 12, 2026, to holders of record as of February 9, 2026.
Operating cash flow of nearly $54 billion; almost $32 billion returned to shareholders.
Hilltop Holdings reported fourth-quarter 2025 income attributable to common stockholders of $41.6 million, or $0.69 per diluted share, up from $35.5 million, or $0.55, a year earlier. For full-year 2025, income was $165.6 million, or $2.64 per diluted share, compared with $113.2 million, or $1.74, in 2024. The board also declared a $0.20 quarterly dividend and authorized a new repurchase program of up to $125.0 million through January 2027.
Q4 2025 income attributable to common stockholders was $41.6 million ($0.69 per diluted share), versus $35.5 million ($0.55) in Q4 2024.
Full-year 2025 income was $165.6 million ($2.64 per diluted share), versus $113.2 million ($1.74) in 2024.
Quarterly cash dividend of $0.20 per share, payable February 27, 2026, to holders of record on February 13, 2026.
New stock repurchase program authorizes up to $125.0 million of common stock through January 2027, funded from available cash.
Seacoast reported fourth-quarter 2025 net income of $34.3 million and net revenues of $203.3 million, up 53% from a year earlier, following its acquisition of Villages Bancorporation, which closed October 1, 2025. Results included $18.1 million in merger and integration costs and $23.4 million in day-one credit provisions tied to that deal. The company also disclosed a pre-tax loss of about $39.5 million from a January 2026 securities sale, which will affect first-quarter 2026 results.
Net revenues were $203.3 million, up $70.4 million, or 53%, from the fourth quarter of 2024.
Net income of $34.3 million included $18.1 million in merger and integration costs and $23.4 million in day-one credit provisions.
Adjusted pre-tax pre-provision earnings were $93.2 million, up 65% from the fourth quarter of 2024.
On January 23, 2026, the company sold securities with a 1.9% average book yield, a pre-tax loss of about $39.5 million, and reinvested about $277 million at a 4.8% yield.
Selective Insurance Group reported fourth-quarter 2025 net income of $152.9 million, or $2.52 per diluted share, compared with $1.52 a year earlier, and a combined ratio of 93.8% versus 98.5%. It also issued 2026 guidance calling for a GAAP combined ratio of 96.5% to 97.5%, which shareholders can compare with the 2025 full-year combined ratio of 97.2%.
Q4 2025 net income per diluted share $2.52 vs. $1.52; non-GAAP operating income per share $2.57 vs. $1.62
Q4 2025 net premiums written rose 4% to $1,129.5 million; Standard Personal Lines premiums fell 8%
2026 guidance: GAAP combined ratio 96.5% to 97.5%, after-tax net investment income of $465 million
Quarterly dividend of $0.43 per share payable March 2, 2026; $30 million of buybacks in Q4 2025
Gallagher reported fourth-quarter 2025 revenue before reimbursements of $3,586 million, up from $2,679 million a year earlier, and adjusted diluted EPS of $2.38, up from $2.16. Reported net earnings fell to $154 million from $258 million, and reported diluted EPS fell to $0.58 from $1.12, with the company citing acquisition integration, intangible amortization, workforce and lease termination, and legal, tax and benefit plan costs. For shareholders, top-line growth and adjusted profit rose, while reported profit declined.
Q4 2025 revenue before reimbursements: $3,586 million vs. $2,679 million in Q4 2024
Q4 2025 reported net earnings: $154 million vs. $258 million; reported diluted EPS $0.58 vs. $1.12
Q4 2025 adjusted diluted EPS: $2.38 vs. $2.16; full-year 2025 reported revenue $13,778 million vs. $11,401 million
CFO Commentary, posted on the investor relations page, includes estimates for 2026 and other future results
DXC Technology reported fiscal third-quarter 2026 revenue of $3.19 billion, down 1.0% year over year (down 4.3% on an organic basis), and non-GAAP diluted EPS of $0.96, up 4.3%. The company narrowed its full-year fiscal 2026 non-GAAP EPS guidance to about $3.15 from $2.85 to $3.35, while trimming its revenue outlook, so shareholders see mixed signals on sales versus profit.
Q3 revenue $3.19 billion, down 1.0% year over year; adjusted EBIT $263 million, down 8.0%
GAAP diluted EPS $0.61, up 96.8%; non-GAAP diluted EPS $0.96, up 4.3%
FY2026 non-GAAP diluted EPS guidance of about $3.15, versus prior range of $2.85 to $3.35
Bookings $3.6 billion, down 17% year over year; free cash flow $266 million in the quarter
Carpenter Technology reported fiscal second quarter 2026 operating income of $155.2 million, up from $118.9 million a year earlier, and diluted earnings per share of $2.09 versus $1.66. Adjusted EPS was $2.33 after excluding a $15.6 million debt extinguishment loss. The company raised its fiscal 2026 operating income guidance to $680 million to $700 million, which signals stronger expected profit for shareholders.
Operating income was $155.2 million, up 31% from $118.9 million in the prior-year quarter; net sales were $728.0 million, up 8%.
Diluted EPS was $2.09 versus $1.66; adjusted diluted EPS was $2.33, excluding a $15.6 million debt extinguishment loss.
Fiscal 2026 operating income guidance was raised to $680 million to $700 million, and adjusted free cash flow is expected to be at least $280 million.
Third-quarter fiscal 2026 operating income is expected between $177 million and $182 million; $216.9 million remains under the $400.0 million buyback program.
EQT said it expects a total gain on derivatives of $114 million for the three months ended December 31, 2025, with net cash settlements received of $35 million. The company also expects $45 million of premiums paid for derivatives that settled in the period. The figures are preliminary, and final amounts will be reported in its 10-K or a later earnings release.
Total gain on derivatives expected at $114 million for the three months ended December 31, 2025.
Net cash settlements received on derivatives expected at $35 million, including $44 million on NYMEX natural gas hedges, offset by $9 million paid on basis and liquids hedges.
Premiums paid for derivatives that settled in the period expected at $45 million.
Dollar amounts are preliminary and subject to change; final figures to come in the Form 10-K or earnings release.
Eastman reported fourth-quarter 2025 sales of $1,973 million, down 12% from $2,245 million a year earlier, and adjusted diluted EPS of $0.75 versus $1.87. For full-year 2025, adjusted EPS fell to $5.42 from $7.89, and operating cash flow was $970 million versus $1,287 million. The company raised its cost reduction target for 2026 to $125 million to $150 million and guided first-quarter 2026 adjusted EPS to $1.00 to $1.20, but gave no full-year adjusted EPS range.
Q4 2025 sales revenue $1,973 million, down 12%; GAAP diluted EPS $0.92 versus $2.82 a year earlier
FY2025 adjusted EPS $5.42 versus $7.89 in FY2024; cash from operations $970 million versus $1,287 million
2026 cost reduction actions increased to $125 million to $150 million
Q1 2026 adjusted EPS guided to $1.00 to $1.20, excluding possible impact of winter storms; no full-year adjusted EPS range given
John B. Sanfilippo & Son reported fiscal 2026 second-quarter results for the period ended December 25, 2025. Net sales rose 4.6% to $314.8 million and diluted earnings per share rose 31.9% to $1.53, although sales volume fell 9.7%, with higher selling prices driving the revenue gain. Shareholders received higher profit per share, while the company said it has navigated headwinds from shifting consumer behavior and elevated retail selling prices.
Net sales rose $13.7 million, or 4.6%, to $314.8 million, driven by a 15.8% increase in weighted average selling price per pound
Diluted EPS was $1.53 versus $1.16 a year earlier; six-month diluted EPS was $3.12, up 44.4%
Sales volume fell 9.7% to 87.0 million pounds; gross profit margin rose to 18.8% of net sales from 17.4%
A special dividend of $1.00 per share was distributed at the start of the third quarter; an investor call is set for January 30, 2026
Ameris Bancorp reported unaudited fourth-quarter 2025 net income of $108.4 million, or $1.59 per diluted share, compared with $94.4 million, or $1.37 per diluted share, a year earlier. For full-year 2025, net income was $412.2 million, or $6.00 per diluted share, up from $358.7 million, or $5.19, in 2024, with net interest income growth cited as the main driver. The filing contains no earnings guidance.
Q4 2025 net income $108.4 million, $1.59 per diluted share, versus $94.4 million, $1.37 in Q4 2024
Full-year 2025 net income $412.2 million, $6.00 per diluted share, versus $358.7 million, $5.19 in 2024
Q4 2025 net interest margin (TE) 3.85%, up from 3.80% in Q3 2025 and 3.64% in Q4 2024
Q4 2025 noninterest income fell to $61.8 million from $76.3 million in Q3 2025; tangible book value per share $44.18 at December 31, 2025
Dolby reported fiscal first-quarter 2026 revenue of $347 million, down from $357 million a year earlier, and GAAP diluted EPS of $0.55, down from $0.70. The company also gave fiscal 2026 revenue guidance of $1.4 billion to $1.45 billion and declared a $0.36 per share cash dividend.
Q1 GAAP net income was $53 million, or $0.55 per diluted share, versus $68 million, or $0.70, a year earlier.
Q1 non-GAAP diluted EPS was $1.06, compared with $1.14 in the prior-year quarter.
Fiscal 2026 full-year revenue is expected at $1.4 billion to $1.45 billion; fiscal Q2 revenue is estimated at $375 million to $405 million.
Dividend of $0.36 per share is payable February 18, 2026, to holders of record as of February 10, 2026.
Western Digital reported fiscal second quarter 2026 revenue of $3.02 billion, up 25% from a year earlier, with non-GAAP diluted EPS of $2.13 versus $1.20. GAAP diluted EPS of $4.73 included a $1.1 billion gain on the company's retained interest in Sandisk, which the company excludes from its non-GAAP results. For fiscal third quarter 2026, the company expects revenue of $3.2 billion and non-GAAP diluted EPS of $2.30 at the mid-point of its ranges.
Q2 revenue of $3.02 billion, up 25% year over year; non-GAAP gross margin 46.1%
Non-GAAP diluted EPS of $2.13 versus $1.20 a year earlier; GAAP diluted EPS of $4.73 versus $1.27
Q3 guidance at mid-point: revenue of $3.2 billion and non-GAAP diluted EPS of $2.30; quarterly dividend of $0.125 payable March 18, 2026
Carpenter Technology reported second quarter fiscal 2026 results on January 29, 2026, with net sales of $728.0 million and EPS of $2.09, up from $1.66 a year earlier, while sequential EPS fell from $2.43. The company raised its outlook for adjusted free cash flow to at least $280 million for fiscal 2026 and expects fiscal 2026 operating income 30% to 33% above fiscal 2025.
Q2 fiscal 2026 net sales were $728.0 million, up from $676.9 million a year earlier, and operating income was $155.2 million, up 31% year over year.
Diluted EPS was $2.09 versus $1.66 a year earlier; excluding a $12.0 million after-tax debt extinguishment loss, adjusted EPS was $2.33.
The company now expects at least $280 million of adjusted free cash flow in fiscal 2026 and fiscal 2026 operating income 30% to 33% higher than fiscal 2025.
During the quarter, Carpenter repurchased $32.1 million of stock; $183.1 million of the $400.0 million authorization has been completed.
Axos Financial reported fiscal second-quarter 2026 net income of $128.4 million, or $2.22 per diluted share, for the quarter ended December 31, 2025, up from $104.7 million, or $1.80 per diluted share, a year earlier. Net interest income rose 18.4% to $331.7 million, and non-interest income more than doubled to $53.4 million, which the company attributed in part to its Verdant Commercial Capital acquisition. The filing does not include updated guidance.
Net income rose 22.6% to $128.4 million; diluted EPS was $2.22 versus $1.80, and adjusted EPS was $2.25 versus $1.82.
Net interest income increased 18.4% to $331.7 million, and net interest margin was 4.94% versus 4.83% a year earlier.
Provision for credit losses rose to $25.0 million from $12.2 million, which the company said was primarily driven by loan growth and macroeconomic variables; net loans grew $1.6 billion in the quarter.
Stryker reported fourth-quarter 2025 net sales of $7.2 billion, up 11.4%, with reported diluted EPS of $2.20, up 56.0%, and adjusted EPS of $4.47, up 11.5%. For full-year 2025, net sales reached $25.1 billion and adjusted EPS was $13.63, and the company expects 2026 adjusted EPS of $14.90 to $15.10 and organic sales growth of 8.0% to 9.5%.
Q4 2025 reported net sales $7.2 billion, up 11.4%; organic growth 11.0%
Q4 reported diluted EPS $2.20 (up 56.0%), boosted by a $589 million tax benefit; adjusted EPS $4.47 (up 11.5%)
Weyerhaeuser reported fourth quarter 2025 net earnings of $74 million, or 10 cents per diluted share, on net sales of $1.5 billion, down from $81 million and $1.7 billion a year earlier. Excluding special items, including a $141 million after-tax net benefit, the company posted a fourth quarter net loss of $67 million, and full year 2025 earnings before special items fell to $143 million from $384 million, which weighs on shareholders.
Q4 2025 net earnings were $74 million, or $0.10 per diluted share, versus $81 million, or $0.11, in Q4 2024; net sales were $1.5 billion versus $1.7 billion.
Q4 2025 Adjusted EBITDA was $140 million, compared with $294 million in Q4 2024.
Full year 2025 net earnings were $324 million, or $0.45 per diluted share, versus $396 million in 2024; full year earnings before special items were $143 million, or $0.20 per share, versus $384 million.
Real Estate, Energy & Natural Resources expects full year 2026 Adjusted EBITDA of approximately $425 million; Timberlands expects Q1 2026 earnings before special items comparable to Q4 2025.
Sandisk reported fiscal second quarter 2026 results for the quarter ended January 2, 2026, with revenue of $3.03 billion, up 61% from a year earlier, and GAAP net income of $803 million, or $5.15 per diluted share. The company also guided fiscal third quarter revenue to $4.40 billion to $4.80 billion and non-GAAP diluted earnings per share to $12.00 to $14.00, both above the second-quarter levels. The filing shows a large year-over-year increase in reported profit, and the outlook is a forecast that actual results may not match.
Q2 revenue was $3.03 billion, up 61% from $1.88 billion a year earlier and up 31% from $2.31 billion in Q1.
GAAP net income was $803 million ($5.15 diluted per share), versus $104 million ($0.72 per share) a year earlier; non-GAAP diluted EPS was $6.20.
Q3 fiscal 2026 guidance: revenue of $4.40 billion to $4.80 billion and non-GAAP diluted EPS of $12.00 to $14.00.
Datacenter revenue was $440 million in Q2, up 64% from Q1.
KLA reported fiscal second-quarter 2026 revenue of $3.30 billion and GAAP diluted EPS of $8.68, both above the midpoints of its guidance ranges, and said the quarter was a record for revenue, non-GAAP operating income and free cash flow. Revenue rose from $3.08 billion a year earlier, and GAAP net income rose to $1.15 billion from $825 million, which included a $239.1 million impairment charge in the prior-year quarter. The company guided third-quarter fiscal 2026 revenue to $3.35 billion, plus or minus $150 million, and non-GAAP diluted EPS to $9.08, plus or minus $0.78.
Q2 fiscal 2026 total revenues were $3.30 billion, versus $3.08 billion in Q2 fiscal 2025 and $3.21 billion in Q1 fiscal 2026
GAAP diluted EPS was $8.68 and non-GAAP diluted EPS was $8.85, compared with $6.16 and $8.20 a year earlier
Free cash flow was $1.26 billion for the quarter and capital returns were $797.4 million
Schneider National reported fourth quarter 2025 operating revenues of $1.4 billion, up 5% from a year earlier, but income from operations fell 14% to $36.5 million and diluted earnings per share fell to $0.13 from $0.18. CEO Mark Rourke said results fell short of the company's guidance because of softer demand beginning in November, higher third-party carrier costs, and unplanned auto production shutdowns. The company guided 2026 adjusted diluted earnings per share to $0.70 to $1.00.
Q4 2025 operating revenues were $1.4 billion, up from $1.3 billion in Q4 2024; income from operations was $36.5 million versus $42.4 million.
Diluted EPS was $0.13 versus $0.18; adjusted diluted EPS was $0.13 versus $0.20.
Full-year 2026 adjusted diluted EPS guidance is $0.70 to $1.00, with net capital expenditures of $400 million to $450 million.
The board authorized a new $150.0 million stock repurchase program in January 2026, replacing the expiring program.
The Hartford reported fourth quarter 2025 net income available to common stockholders of $1.1 billion, or $3.98 per diluted share, up 33% from $848 million a year earlier. For full year 2025, net income rose 23% to $3.8 billion, or $13.32 per diluted share, and the company returned $2.2 billion to stockholders through buybacks and dividends.
Q4 2025 net income $1.1 billion ($3.98 per diluted share) vs. $848 million ($2.88) in Q4 2024
Full year 2025 net income $3.8 billion ($13.32 per diluted share) vs. $3.1 billion ($10.35) in 2024
Full year 2025 core earnings ROE of 19.4%; book value per diluted share $66.31 at Dec. 31, 2025
Q4 2025 shareholder returns of $546 million, including $400 million of share repurchases
MaxLinear reported unaudited fourth-quarter 2025 net revenue of $136.4 million, up 48% from a year earlier and 8% from the prior quarter, with a GAAP net loss of $14.9 million, or $0.17 per diluted share, compared with a loss of $0.68 a year earlier. The company guided first-quarter 2026 net revenue to approximately $130 million to $140 million and repurchased $20 million of its common stock in the quarter.
Q4 2025 net revenue was $136.4 million, up 48% year over year and 8% sequentially.
GAAP diluted loss per share was $0.17, versus $0.68 in Q4 2024; non-GAAP diluted EPS was $0.19.
Full-year 2025 net revenue was $467.6 million, up 30%, and GAAP net loss was $136.7 million, versus $245.2 million in 2024.
Q1 2026 net revenue guidance is approximately $130 million to $140 million; the company repurchased $20 million of stock in Q4.
Visa reported fiscal first-quarter results for the period ended December 31, 2025, with net revenue up 15% to $10.9 billion and GAAP net income up 14% to $5.9 billion. The company also declared a quarterly dividend of $0.670 per class A share, payable March 2, 2026, which shows continued cash returns to shareholders, though GAAP results include a $707 million litigation provision.
Net revenue was $10.9 billion, up 15%; GAAP earnings per share were $3.03, up 17%, and non-GAAP EPS was $3.17, up 15%.
GAAP results included a $707 million litigation provision tied to the interchange multidistrict litigation, and a $333 million deferred tax benefit.
Share repurchases and dividends totaled $5.1 billion in the quarter, with $21.1 billion of repurchase authorization remaining as of December 31, 2025.
Quarterly dividend of $0.670 per class A share declared January 27, 2026; record date February 10, 2026; payable March 2, 2026.
AppFolio reported fourth-quarter 2025 revenue of $248 million, up 22% from a year earlier, and GAAP operating income of $44 million, up from $23 million. Q4 net income fell to $40 million from $103 million, because the prior-year quarter included a large income tax benefit. The company also gave its first fiscal 2026 outlook, calling for revenue of $1.1 billion to $1.12 billion.
Q4 2025 revenue rose 22% year over year to $248 million; fiscal 2025 revenue rose 20% to $951 million.
Q4 2025 GAAP diluted EPS was $1.10, versus $2.79 a year earlier; fiscal 2025 GAAP diluted EPS was $3.88, versus $5.55.
Fiscal 2026 outlook: revenue of $1.1 billion to $1.12 billion, non-GAAP operating margin of 25.5% to 27.5%, and 36 million to 37 million diluted shares.
ResMed reported results for the quarter ended December 31, 2025, with revenue up 11% to $1.4 billion and GAAP diluted earnings per share up 15% to $2.68. The company also declared a quarterly cash dividend of $0.60 per share, with a record date of February 12, 2026, and payment on March 19, 2026.
Revenue of $1,422.8 million, up 11% (9% in constant currency) from $1,282.1 million a year earlier
GAAP diluted EPS of $2.68 versus $2.34; non-GAAP diluted EPS of $2.81 versus $2.43
Operating cash flow of $340 million; $6 million of restructuring charges recorded in the quarter
Quarterly dividend of $0.60 per share; ex-dividend date February 11, 2026
OSI Systems reported fiscal second-quarter 2026 revenue of $464 million, up 11% year over year, and record non-GAAP diluted EPS of $2.58, up 7%. The company raised its fiscal 2026 non-GAAP EPS guidance to $10.30 to $10.55 while keeping its prior revenue guidance unchanged. GAAP diluted EPS was flat at $2.22.
Q2 revenue of $464 million, up 11% year over year; GAAP diluted EPS flat at $2.22; non-GAAP diluted EPS of $2.58, up 7%
Fiscal 2026 non-GAAP diluted EPS guidance raised to $10.30 to $10.55, representing 10% to 13% growth; revenue guidance maintained
Backlog was $1.8 billion as of December 31, 2025; Security bookings were softer than expected, partly due to the U.S. government shutdown
Operating cash flow was $62 million in Q2, compared with $52.5 million a year earlier
Credit Acceptance reported GAAP net income of $122.0 million, or $10.99 per diluted share, for the three months ended December 31, 2025, down from $151.9 million, or $12.26 per diluted share, a year earlier. Adjusted net income was flat at $126.0 million, while adjusted earnings per diluted share rose to $11.35 from $10.17, and Consumer Loan unit volume fell 9.1%, which shareholders may weigh against the profit trend.
GAAP net income was $122.0 million, or $10.99 per diluted share, versus $151.9 million, or $12.26 per diluted share, in the fourth quarter of 2024.
Adjusted net income per diluted share was $11.35, up from $10.17 a year earlier; adjusted net income was $126.0 million in both periods.
Consumer Loan unit volume declined 9.1% and dollar volume declined 11.3% year over year in the fourth quarter.
A $35.8 million contingent loss tied to previously disclosed legal matters was excluded from adjusted results; cumulative contingent losses reached $82.6 million, and a potential cash payment of $75.5 million is cited in preliminary settlem
Robert Half reported fourth-quarter 2025 results, with revenue of $1.302 billion, down 6% from $1.382 billion a year earlier, and net income of $32 million ($0.32 per share), down from $54 million ($0.53 per share). For the full year, revenue was $5.379 billion and net income was $133 million ($1.33 per share), both lower than in 2024, and the company said Q4 revenues and earnings exceeded the midpoint of its prior fourth-quarter guidance.
Q4 2025 revenue: $1.302 billion, down 6% from $1.382 billion in Q4 2024 on a reported basis and down 7% on an adjusted basis, per the CEO
Q4 2025 net income: $32 million, or $0.32 per share, versus $54 million, or $0.53 per share, a year earlier
Full-year 2025 revenue: $5.379 billion and net income of $133 million ($1.33 per share), versus $5.796 billion and $252 million ($2.44 per share) in 2024
CEO said talent solutions and enterprise revenues returned to positive sequential growth on a same-day constant currency basis for the first time in over three years
SkyWest reported fourth-quarter 2025 net income of $91 million, or $2.21 per diluted share, down from $2.34 a year earlier, even as revenue rose 8% to $1.0 billion. Full-year net income rose to $428 million, or $10.35 per diluted share, from $7.77 per diluted share in 2024. Operating expenses grew faster than revenue in the quarter, and the company also reported multi-year contract extensions with United and Delta in January 2026.
Q4 2025 net income of $91 million, or $2.21 per diluted share, versus $97 million, or $2.34, in Q4 2024
Q4 2025 revenue of $1.0 billion, up $80 million or 8% from $944 million; operating expenses rose 11% to $890 million
Full-year 2025 net income of $428 million, or $10.35 per diluted share, versus $323 million, or $7.77, in 2024
January 2026 contract extensions: 40 E175 aircraft with United and 13 E175 aircraft with Delta
SL Green reported a fourth-quarter 2025 net loss attributable to common stockholders of $104.6 million, or $1.49 per share, compared with net income of $9.4 million, or $0.13 per share, a year earlier. Revenue rose to $276.5 million from $245.9 million, but funds from operations (FFO) fell to $1.13 per share from $1.81, so shareholders saw higher sales alongside a sharp drop in profit measures.
Q4 2025 total revenues were $276.5 million, up from $245.9 million in Q4 2024
Q4 2025 net loss to common stockholders was $104.6 million ($1.49 per diluted share), versus net income of $9.4 million ($0.13) in Q4 2024
Q4 2025 FFO was $1.13 per diluted share versus $1.81 a year earlier; full-year 2025 FFO was $5.72 versus $8.11
Manhattan same-store office occupancy rose to 93.0% as of December 31, 2025, from 92.4% at September 30, 2025
Kirby reported fourth-quarter 2025 net earnings attributable to Kirby of $91.8 million, or $1.68 per diluted share, versus $0.74 a year earlier, on revenue of $851.8 million compared with $802.3 million. The prior-year quarter included a $56.3 million impairment, and excluding one-time items the 2024 fourth-quarter figure was $1.29 per share. The company expects 2026 earnings per share to be flat to up 12% year over year.
Q4 2025 diluted EPS $1.68 vs $0.74 in Q4 2024; Q4 2024 excluding one-time items was $1.29
Full-year 2025 diluted EPS $6.33 vs $4.91 in 2024; revenue $3.4 billion vs $3.3 billion
Q4 2025 Marine Transportation operating margin 20.8% vs 18.4%; Distribution and Services margin 8.1% vs 8.0%
Kirby repurchased 1,030,729 shares for $101.6 million in Q4 2025 and reduced debt by $130 million
Cullen/Frost reported fourth-quarter 2025 net income available to common shareholders of $164.6 million, up 7.4% from a year earlier, and full-year 2025 net income available to common shareholders of $641.9 million, up 11.5%. The board also authorized a $300 million common stock repurchase program running through January 27, 2027, and declared a $1.00 first-quarter dividend per common share, which gives shareholders a direct view of capital returns.
Q4 2025 diluted EPS was $2.56, versus $2.36 in Q4 2024; net interest margin was 3.66%, versus 3.53%.
Full-year 2025 diluted EPS was $9.92, versus $8.87 in 2024.
Board authorized up to $300 million of common stock repurchases over one year, expiring January 27, 2027; the company completed its prior $150 million authorization.
First-quarter cash dividend of $1.00 per common share is payable March 13, 2026, to holders of record on February 27, 2026.
Equity LifeStyle Properties reported fourth-quarter 2025 net income of $0.52 per share, up from $0.50, and normalized FFO of $0.79 per share, up 4.2% from $0.76. The board also set the 2026 annual dividend at $2.17 per share, a 5.3% increase over the $2.06 paid for 2025, and issued 2026 guidance of $3.12 to $3.22 in normalized FFO per share.
Q4 2025 net income per share $0.52 vs. $0.50 a year earlier; normalized FFO per share $0.79 vs. $0.76.
Full year 2025 normalized FFO per share $3.06, up 5.0%; net income per share $2.01, up 2.6%.
2026 full-year guidance: net income per share $2.06 to $2.16; normalized FFO per share $3.12 to $3.22.
2026 annual dividend of $2.17 per share, up $0.11 from $2.06 for 2025; quarterly amounts to be set by the board.
National Fuel Gas reported first quarter fiscal 2026 results for the quarter ended December 31, 2025, with GAAP earnings of $181.6 million, or $1.98 per share, versus $45.0 million, or $0.49 per share, a year earlier. The company also reaffirmed its fiscal 2026 adjusted EPS guidance of $7.60 to $8.10, which shareholders can compare with the $2.06 adjusted EPS reported for the quarter.
GAAP earnings were $181.6 million, or $1.98 per share, compared with $45.0 million, or $0.49 per share, in the prior year quarter, which included a $141.8 million impairment
Adjusted EPS was $2.06, up 24% from $1.66 a year earlier
Fiscal 2026 adjusted EPS guidance of $7.60 to $8.10 was reaffirmed, with a $7.85 midpoint
The company issued $350 million of common equity through a private placement to fund the CenterPoint Ohio gas utility acquisition, which is expected to close in the fourth quarter of calendar 2026
Valero reported fourth-quarter 2025 net income attributable to stockholders of $1.1 billion, or $3.73 per share, up from $281 million, or $0.88 per share, a year earlier. For the full year, net income fell to $2.3 billion, or $7.57 per share, from $2.8 billion, or $8.58 per share, in 2024. The company also raised its quarterly dividend by 6 percent to $1.20 per share.
Q4 2025 adjusted net income was $1.2 billion, or $3.82 per share, versus $207 million, or $0.64 per share, in Q4 2024.
Q4 2025 revenues were $30.4 billion, compared with $30.8 billion in Q4 2024.
Full-year 2025 adjusted net income was $3.3 billion, or $10.61 per share, versus $2.7 billion, or $8.48 per share, in 2024.
Stockholder cash returns totaled $1.4 billion in Q4 2025 and $4.0 billion for the year; the dividend increase took effect after the January 22, 2026 announcement.
Darling Ingredients issued a statement on fourth-quarter and fiscal 2025 results for its 50/50 joint venture, Diamond Green Diesel (DGD), which its JV partner released as part of consolidated results. DGD's fourth-quarter net income rose to $55 million from $48 million a year earlier, but its full-year 2025 result was a net loss of $68 million, compared with net income of $298 million in 2024. Darling's CEO said the company expects to end the year with solid improvement over its prior outlook, with fuller commentary due in the company's upcoming earnings release.
DGD Q4 2025 net income was $55 million vs. $48 million in Q4 2024, on 285.3 million gallons sold or shipped.
Darling's share of DGD Adjusted EBITDA was $58 million ($0.41 per gallon) in Q4 2025 vs. $59 million a year earlier.
DGD full-year 2025 net loss was $68 million vs. net income of $298 million in 2024; Darling's share of Adjusted EBITDA was $104 million vs. $290 million.
Full Q4 and fiscal 2025 results are due after market on Feb. 11, 2026, with a conference call on Feb. 12, 2026 at 9 a.m. Eastern Time.
Norfolk Southern reported fourth-quarter 2025 revenue of $3.0 billion, down 2% from a year earlier, and diluted earnings per share of $2.87, down 11% from $3.23 in the prior-year quarter, which included railway line sales. Excluding merger-related expenses and the Eastern Ohio incident, the company reported Q4 diluted EPS of $3.22, up 6% from adjusted prior-year results, and full-year 2025 diluted EPS of $12.75, up 10%. Shareholders get a mixed picture: reported quarterly profit fell, while full-year results and adjusted quarterly profit improved.
Q4 2025 railway operating revenues were $3.0 billion, down $50 million, or 2%, with volume down 4%
Q4 2025 income from railway operations was $937 million, down 17%; the quarter included a net gain of $85 million from a large land sale
Full-year 2025 diluted EPS was $12.75, up 10%, and the full-year operating ratio was 64.2%, compared with 66.4% in 2024
Company repurchased and retired 2.2 million shares in 2025 at a cost of $533 million
Mastercard reported fourth quarter 2025 net revenue of $8.8 billion, up 18% from a year earlier, with diluted EPS of $4.52 versus $3.64. For the full year, net revenue rose 16% to $32.8 billion and diluted EPS rose 19% to $16.52, and the company repurchased $11.7 billion of treasury stock in 2025 while paying $2.8 billion in dividends.
Q4 2025 net income was $4.1 billion, up 22%; adjusted diluted EPS was $4.76, up 25%
Full-year 2025 net income was $15.0 billion, up 16%; full-year diluted EPS was $16.52 versus $13.89
Quarter-to-date through January 26, 2026, the company repurchased 1.3 million shares for $715 million, leaving $16.7 billion under approved programs
Oshkosh reported fourth-quarter 2025 sales of $2.69 billion, up 3.5%, but net income fell to $133.8 million, or $2.10 per diluted share, from $153.1 million, or $2.33, a year earlier. The company also gave 2026 guidance of about $10.90 diluted EPS and about $11.50 adjusted EPS on projected net sales of about $11.0 billion, which matters to shareholders because it sets expectations for the coming year.
Q4 2025 net income $133.8 million, or $2.10 diluted EPS, versus $2.33 in Q4 2024; adjusted EPS $2.26 versus $2.58
Q4 2025 sales rose $90.7 million, or 3.5%, to $2.69 billion; consolidated operating income fell 5.3% to $212.0 million
2026 outlook: diluted EPS of about $10.90 and adjusted EPS of about $11.50 on projected net sales of about $11.0 billion
Board declared a quarterly dividend of $0.57 per share, payable March 3, 2026 to holders of record as of February 17, 2026
MarineMax reported fiscal 2026 first-quarter revenue of $505.2 million, up 7.8% from a year earlier, with same-store sales up more than 10%. Gross margin fell to 31.8% from 36.2%, and the company posted a net loss of $7.9 million, or $0.36 per share, compared with net income of $18.1 million, or $0.77 per diluted share, a year earlier. The company reaffirmed its fiscal 2026 adjusted EBITDA guidance of $110 million to $125 million.
Revenue of $505.2 million, up 7.8% from $468.5 million in the prior-year quarter
Net loss of $7.9 million, or $0.36 per share, versus net income of $18.1 million, or $0.77 per diluted share, a year earlier
Adjusted EBITDA of $15.5 million, down from $26.1 million; adjusted net loss of $4.6 million, or $0.21 per share
Fiscal 2026 guidance reaffirmed: adjusted EBITDA of $110 million to $125 million and adjusted EPS of $0.40 to $0.95 per diluted share
Parker-Hannifin reported fiscal second-quarter results for the quarter ended December 31, 2025, with net sales up 9% to a record $5.2 billion and adjusted EPS up 17% to $7.65. Reported net income fell 11% to $845 million and diluted EPS fell 9% to $6.60, because the year-earlier quarter included a one-time after-tax divestiture gain. The company raised its fiscal 2026 guidance and said it has a definitive agreement to acquire Filtration Group Corporation.
Net sales rose 9% to $5.2 billion, with organic sales up 6.6%
Diluted EPS was $6.60, down from $7.25; adjusted EPS rose 17% to $7.65
Fiscal 2026 EPS guidance raised to $26.26 to $26.86, or $30.40 to $31.00 adjusted
Definitive agreement to acquire Filtration Group Corporation announced; the filing does not state a price
ManpowerGroup reported fourth-quarter 2025 revenue of $4.7 billion, up 7% as reported, and diluted EPS of $0.64 versus $0.47 a year earlier, after $0.28 per share of restructuring, pension and Argentina-related charges. For the full year, the company posted a net loss of $13.3 million, or $0.29 per diluted share, compared with net earnings of $145.1 million in 2024, due mainly to $88.7 million in goodwill and intangible impairment charges. Excluding charges, fourth-quarter EPS was $0.92, down 17% in constant currency, and the company guided first-quarter 2026 diluted EPS to $0.45 to $0.55.
Q4 2025 revenue was $4.7 billion, up 7% as reported and 2% organic constant currency
Q4 diluted EPS was $0.64 as reported and $0.92 excluding charges, a 17% constant-currency decrease
Full-year 2025 net loss was $13.3 million, including $88.7 million of impairment charges
Q1 2026 diluted EPS outlook is $0.45 to $0.55, including a favorable currency impact of $0.06
Nasdaq reported fourth-quarter and full-year 2025 results with revenue and earnings per share both higher than a year earlier, and declared a quarterly cash dividend. The company set 2026 non-GAAP operating expense guidance of $2.455 billion to $2.535 billion and a non-GAAP tax rate range of 22.5% to 24.5%, which gives shareholders a view of expected costs for the year.
Q4 2025 net revenue was $1.4 billion, up 13%; GAAP diluted EPS was $0.90, up 47%; non-GAAP diluted EPS was $0.96, up 27%.
Full-year 2025 net revenue was $5.2 billion, up 13%; GAAP diluted EPS was $3.09, up 60%.
2026 non-GAAP operating expense guidance is $2.455 billion to $2.535 billion.
Nasdaq will host its 2026 Investor Day on February 25, 2026.
Lockheed Martin reported fourth-quarter and full-year 2025 results on January 29, 2026. Full-year sales rose 6% to $75.0 billion and a record $194 billion backlog, but net earnings fell to $5.0 billion, or $21.49 per share, from $22.31 in 2024, after a $479 million pension settlement charge and program losses. The company expects 2026 sales of $77.5 billion to $80.0 billion and diluted EPS of $29.35 to $30.25.
Q4 2025 sales were $20.3 billion, up from $18.6 billion, and diluted EPS was $5.80, up from $2.22 a year earlier.
Full-year 2025 business segment operating profit was $6.7 billion, up from $6.1 billion, and free cash flow was $6.9 billion.
2026 outlook: sales of $77.5 billion to $80.0 billion, diluted EPS of $29.35 to $30.25, and free cash flow of $6.5 billion to $6.8 billion, which the company said is an increase from its prior expectation.
PulteGroup reported fourth quarter 2025 results with diluted earnings of $2.56 per share and net income of $502 million, down from $4.43 and $913 million a year earlier. Home sale revenues fell 5% to $4.5 billion, and the prior-year quarter included a $255 million insurance benefit, so the comparison is weaker than the operating figures alone suggest. The filing gives no guidance for 2026.
Diluted EPS was $2.56 versus $4.43 in the prior-year quarter; the quarter included an $81 million charge tied to the intended divestiture of certain manufacturing assets.
Home sale revenues were $4.5 billion, down 5%, on 7,821 closings, down 3%.
Net new orders rose 4% to 6,428 homes, while the value of orders was $3.5 billion, comparable with a year earlier.
The company repurchased $300 million of common shares in the quarter and $1.2 billion for the full year 2025.
Altria filed its audited 2025 financial statements and auditor reports in this 8-K, to be included in its 2025 Form 10-K. Net revenues were $23.3 billion, down from $24.0 billion in 2024, and net earnings were $6.9 billion, or $4.12 per share, versus $11.3 billion, or $6.54 per share, a year earlier. For shareholders, lower earnings and large 2025 impairment charges, alongside dividends paid of $7.0 billion, were the main takeaways.
Net revenues were $23.3 billion in 2025, compared with $24.0 billion in 2024.
Net earnings were $6.9 billion ($4.12 per share) in 2025, versus $11.3 billion ($6.54 per share) in 2024, which included a $2.7 billion gain on the sale of IQOS System commercialization rights.
2025 included a $1.2 billion goodwill impairment and $978 million in asset impairment and exit costs.
Share repurchases were $1.0 billion in 2025, down from $3.4 billion in 2024; dividends paid were $7.0 billion.
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