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).
Tompkins Financial reported fourth-quarter 2025 GAAP diluted earnings per share of $6.70, up from $1.37 a year earlier, with net income of $96.2 million. The increase was driven mainly by a $188.2 million pre-tax gain on the sale of Tompkins Insurance Agencies to Arthur J. Gallagher & Co., partly offset by a $78.7 million pre-tax loss on securities sales. The company also declared a $0.67 per-share dividend, and its non-GAAP operating diluted EPS was $1.78.
GAAP diluted EPS of $6.70 for Q4 2025 vs. $1.37 for Q4 2024; net income of $96.2 million vs. $19.7 million
Sale of Tompkins Insurance Agencies to Arthur J. Gallagher & Co. for about $223.0 million in cash produced a $188.2 million pre-tax gain
Sale of $564.2 million of available-for-sale securities produced a $78.7 million pre-tax loss; non-GAAP operating diluted EPS was $1.78
Board declared $0.67 per share dividend on January 29, 2026, payable February 22, 2026, to holders of record February 13, 2026
Moog reported record fiscal first quarter 2026 net sales of $1.1 billion, up 21% from the prior-year quarter, and diluted earnings per share of $2.46, up 38%. The company raised its fiscal 2026 net sales and adjusted EPS guidance, while free cash flow was a use of $79 million in the quarter.
Net sales rose 21% to $1.1 billion; diluted EPS was $2.46 versus $1.78 a year earlier
FY 2026 net sales guidance raised to $4.3 billion from $4.2 billion; adjusted diluted EPS guidance raised to $10.20 from $10.00
Free cash flow was negative $79 million in the quarter, driven primarily by inventory build and payment timing
Board declared a quarterly dividend of $0.30 per share, payable February 26, 2026, to holders of record as of February 17, 2026
Franklin Resources reported first-quarter fiscal 2026 results for the quarter ended December 31, 2025, with net income attributable to the company of $255.5 million, or $0.46 per diluted share, up from $163.6 million, or $0.29, a year earlier. Operating revenues were $2,327.1 million, up 3% from a year earlier but down 1% from the prior quarter, and long-term net inflows were $28.0 billion. The company's own adjusted diluted earnings per share were $0.70, compared with $0.59 a year earlier.
Net income attributable to Franklin Resources was $255.5 million, or $0.46 per diluted share, versus $163.6 million, or $0.29, a year earlier and $117.6 million, or $0.21, in the prior quarter.
Operating revenues were $2,327.1 million, up 3% year over year and down 1% from the prior quarter; operating income was $281.0 million.
Long-term net inflows were $28.0 billion, compared with net outflows of $11.9 billion in the prior quarter; ending AUM was $1,684.0 billion.
Adjusted diluted earnings per share, a non-GAAP measure, were $0.70, versus $0.67 in the prior quarter and $0.59 a year earlier.
WisdomTree reported fourth quarter 2025 operating revenues of $147.4 million and net income of $40.0 million, or $0.28 per diluted share, compared with $0.13 per share in the third quarter of 2025 and $0.18 in the fourth quarter of 2024. The company attributed the revenue growth mainly to the Ceres Acquisition, and its board declared a $0.03 quarterly dividend.
Operating revenues were $147.4 million, up 17.4% from the third quarter of 2025 and 33.2% from the fourth quarter of 2024.
Net income was $40.0 million, or $0.28 per diluted share, versus $27.3 million and $0.18 per share in the fourth quarter of 2024.
Ending assets under management were $144.5 billion, with net outflows of $0.3 billion in the quarter.
The $0.03 per share dividend is payable February 25, 2026 to stockholders of record on February 11, 2026.
IES Holdings reported fiscal 2026 first-quarter revenue of $871 million, up 16%, and operating income of $97.7 million, up 31%. Diluted EPS was $4.51 versus $2.72, though the result includes a $16.9 million unrealized gain on marketable securities, and the company completed its $192.0 million acquisition of Gulf Island Fabrication after quarter end.
Revenue of $871 million, up 16% from $750 million; operating income of $97.7 million, up 31% from $74.6 million.
Diluted EPS of $4.51 vs $2.72; diluted adjusted EPS of $3.71 vs $2.64, excluding the $16.9 million securities gain.
Residential revenue fell 11% to $284.1 million, and segment operating income dropped to $8.9 million from $23.8 million.
Acquired Gulf Island Fabrication in January 2026 for an aggregate equity value of $192.0 million; the company reported $88.8 million cash and no debt at quarter end.
Air Products reported first quarter fiscal 2026 results on January 30, 2026, with GAAP operating income of $735 million, up 14%, and GAAP EPS of $3.04, up 10%. Adjusted EPS of $3.16 was above the top end of the company's guidance, and it kept its full-year fiscal 2026 adjusted EPS guidance of $12.85 to $13.15, which matters to shareholders because it signals management's expectations for the year.
First quarter sales of $3.1 billion rose 6%, while volumes were flat due to lower helium demand.
Adjusted EPS of $3.16 rose 10% and exceeded the top end of prior guidance; adjusted operating income of $757 million rose 12%.
Fiscal 2026 second quarter adjusted EPS guidance is $2.95 to $3.10; full-year capital expenditures are still expected to be about $4.0 billion.
Quarterly dividend increased to $1.81 per share, the 44th consecutive year of dividend increases.
American Express reported full-year 2025 revenue net of interest expense of $72.2 billion, up 10%, and diluted EPS of $15.38, up 10% from $14.01. The company forecast 2026 revenue growth of 9% to 10% and EPS of $17.30 to $17.90, and plans to raise its quarterly dividend about 16%. These figures point to continued growth and higher dividend payments for shareholders, though the 2026 outlook is forward-looking and subject to the risks listed in the filing.
Full-year 2025 net income was $10.8 billion, up 7% from $10.1 billion; EPS excluding the prior-year Accertify gain rose 15% to $15.38.
Fourth-quarter 2025 net income was $2.46 billion, up 13%, and diluted EPS was $3.53, up 16%.
2026 guidance calls for revenue growth of 9% to 10% and EPS of $17.30 to $17.90.
The quarterly dividend is planned to rise about 16%, from $0.82 to $0.95 per share, starting with the first-quarter 2026 declaration.
Aon reported fourth-quarter and full-year 2025 results on January 30, 2026. Q4 revenue rose 4% to $4.3 billion and full-year revenue rose 9% to $17.2 billion, with 6% full-year organic growth. Q4 diluted EPS jumped 138%, reflecting $1.2 billion of other income that primarily came from gains on the sale of NFP Wealth, while adjusted EPS rose 10%. Aon also introduced 2026 guidance calling for mid-single-digit or greater organic revenue growth and 70 to 80 basis points of adjusted operating margin expansion.
Q4 2025 total revenue was $4.3 billion, up 4%, with 5% organic revenue growth.
Q4 diluted EPS was $7.82 versus $3.28; adjusted EPS was $4.85 versus $4.42.
Full-year 2025 revenue was $17.2 billion, up 9%; diluted EPS was $17.02 versus $12.49, and adjusted EPS was $17.07 versus $15.60.
2026 guidance: mid-single-digit or greater organic revenue growth, 70 to 80 basis points of adjusted operating margin expansion, strong adjusted EPS growth and double-digit free cash flow growth.
Flagstar Bank reported net income attributable to common stockholders of $21 million, or $0.05 per diluted share, for the fourth quarter ended December 31, 2025, compared with a net loss of $45 million in the third quarter. For the full year 2025, the bank reported a net loss attributable to common stockholders of $210 million, or $0.50 per diluted share, versus $1,153 million in 2024. Shareholders see a return to quarterly profit, though the company still posted a full-year loss.
Q4 2025 net income attributable to common stockholders was $21 million, or $0.05 per diluted share, versus a $45 million loss ($0.11 per share) in Q3 2025 and a $196 million loss ($0.47 per share) in Q4 2024.
Full-year 2025 net loss attributable to common stockholders was $210 million, or $0.50 per diluted share, compared with a $1,153 million loss ($3.49 per share) for 2024.
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.
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
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.
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
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.
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
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%)
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
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.
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
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.
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
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.
Allegro MicroSystems reported fiscal third-quarter results for the quarter ended December 26, 2025, with net sales of $229.2 million, up 29% from a year earlier, and GAAP diluted EPS of $0.04 versus a loss of $0.04 in the prior-year quarter. The company guided fourth-quarter net sales to $230 million to $240 million and non-GAAP diluted EPS to $0.14 to $0.18, and said its term loan was repriced to reduce interest expense.
Net sales $229.2 million, up 29% from $177.9 million; Automotive up 28% and Industrial and Other up 31% year over year
GAAP diluted EPS $0.04 versus a loss of $0.04 a year earlier; non-GAAP diluted EPS $0.15 versus $0.07
Q4 fiscal 2026 (ending March 27, 2026) guidance: net sales $230 million to $240 million; non-GAAP diluted EPS $0.14 to $0.18
Term loan repriced 25 basis points to SOFR plus 175 basis points, per CFO Derek D'Antilio, for about $700,000 lower annualized interest expense
Marsh (NYSE: MRSH) reported fourth-quarter and full-year 2025 results on January 29, 2026. Revenue grew on both a GAAP and underlying basis, and both GAAP and adjusted earnings per share rose for the year, which is the key measure for shareholders. The filing contains no revised financial guidance.
Q4 2025 revenue was $6.6 billion, up 9% (4% underlying), with GAAP EPS of $1.68 versus $1.59 a year earlier
Q4 adjusted EPS rose 10% to $2.12, including a 7-cent benefit from favorable discrete tax items
Full-year 2025 revenue was $27.0 billion, up 10% (4% underlying), with GAAP EPS of $8.43 versus $8.18 and adjusted EPS up 9% to $9.75
The company repurchased 10.1 million shares for $2.0 billion in 2025
Valley National Bancorp reported fourth quarter 2025 net income of $195.4 million, or $0.33 per diluted share, up from $163.4 million, or $0.28, in the third quarter and $115.7 million, or $0.20, a year earlier. The company said its net interest margin improved, and it furnished its press release and presentation materials under Items 2.02 and 7.01.
Q4 2025 net income $195.4 million, or $0.33 per diluted share, versus $163.4 million ($0.28) in Q3 2025 and $115.7 million ($0.20) in Q4 2024
Adjusted net income (non-GAAP) was $180.2 million, or $0.31 per diluted share
Net interest margin rose 12 basis points to 3.17% from 3.05% in Q3 2025; income tax expense included an $11.4 million benefit from a closed federal audit
Non-accrual loans were $433.9 million, or 0.87% of total loans, at December 31, 2025, up from $421.5 million at September 30, 2025
Dover reported fourth-quarter 2025 revenue of $2.1 billion, up 9%, with GAAP diluted EPS from continuing operations of $2.01, up 17%. The company also guided to 2026 GAAP EPS of $8.95 to $9.15, compared with 2025 GAAP EPS of $7.97, which points to earnings growth for shareholders if the guidance holds.
Q4 2025 revenue was $2.1 billion, up 9% (up 5% organic), versus $1.9 billion a year earlier
Q4 2025 GAAP diluted EPS from continuing operations was $2.01, up 17%; adjusted diluted EPS was $2.51, up 14%
Full-year 2025 GAAP diluted EPS from continuing operations fell 21% to $7.97, principally due to the 2024 gain on the De-Sta-Co disposition
2026 guidance: GAAP EPS of $8.95 to $9.15 and adjusted EPS of $10.45 to $10.65, based on revenue growth of 5% to 7%
A. O. Smith reported record 2025 diluted earnings per share of $3.85, up 6%, on net earnings of $546.2 million, up 2%, with sales flat at $3.8 billion. The company also issued 2026 guidance projecting sales of $3.9 billion to $4.02 billion and diluted EPS of $3.85 to $4.15, which shareholders can compare with the record 2025 result.
2025 diluted EPS rose 6% to a record $3.85 and net earnings rose 2% to $546.2 million; net sales were $3,830 million versus $3,818 million in 2024.
Free cash flow was $546 million in 2025, and the company returned $597 million to shareholders through dividends and share repurchases.
2026 outlook: net sales of $3,900 million to $4,020 million and diluted EPS of $3.85 to $4.15, excluding future acquisitions, China assessment outcomes and tariff changes.
Leonard Valve acquisition closed in January 2026; the 2026 outlook includes approximately $70 million of Leonard Valve sales.
Blackstone reported fourth quarter 2025 GAAP net income attributable to Blackstone Inc. of $1.0 billion, or $1.30 per diluted share, up from $704 million, or $0.92, a year earlier. Fee Related Earnings fell 16% to $1.5 billion, and the firm declared a $1.49 per share quarterly dividend payable February 17, 2026, which matters to shareholders as a cash return.
Q4 2025 total revenues were $4.4 billion, up from $3.1 billion in Q4 2024
Full-year 2025 net income attributable to Blackstone Inc. was $3.0 billion, or $3.87 per diluted share
Q4 2025 inflows were $71.5 billion, which the company said was the highest in over three years
Dividend of $1.49 per share: record date February 9, 2026; payment date February 17, 2026
Virtu Financial reported fourth quarter 2025 results, with total revenues up 16.3% to $969.9 million and net income of $280.6 million, compared with $176.1 million a year earlier. Diluted EPS was $1.54 versus $1.03, and the board declared a $0.24 quarterly dividend payable March 16, 2026, which signals continued cash returns to shareholders. The filing contains no guidance for future periods.
Q4 2025 total revenues of $969.9 million, up 16.3% from $834.3 million
Q4 2025 net income of $280.6 million and basic and diluted EPS of $1.54, versus $1.03 a year earlier
Quarterly cash dividend of $0.24 per share, payable March 16, 2026, to holders of record as of February 27, 2026
Full-year 2025 share buybacks totaled $135.3 million, or 3.5 million shares
Bread Financial reported fourth-quarter 2025 revenue of $975 million, up 5% from $926 million a year earlier, and net income available to common stockholders of $53 million, compared with $7 million in the same quarter of 2024. The company expects 2026 average loan growth and total revenue growth of up low single digits from 2025, and a 2026 net loss rate of 7.2% to 7.4%. Its board also declared a $0.23 quarterly common dividend payable March 16, 2026.
Q4 2025 revenue was $975 million, up 5% from $926 million in Q4 2024.
Q4 2025 net income available to common stockholders was $53 million, or $1.16 per diluted share, versus $7 million, or $0.14, a year earlier.
2026 outlook: average loan growth and total revenue growth both up low single digits from 2025; net loss rate of 7.2% to 7.4%.
Quarterly common dividend of $0.23 per share payable March 16, 2026 to holders of record on February 27, 2026.
Royal Caribbean Group reported fourth-quarter and full-year 2025 results and issued 2026 guidance. Full-year 2025 total revenues rose to $17.9 billion from $16.5 billion, and diluted EPS rose to $15.61 from $10.94, with the company saying results beat its guidance. For shareholders, the filing sets 2026 Adjusted EPS guidance of $17.70 to $18.10 and first-quarter 2026 Adjusted EPS guidance of $3.18 to $3.28.
Q4 2025 diluted EPS was $2.76 versus $2.02 a year earlier; full-year 2025 diluted EPS was $15.61 versus $10.94
Full-year 2025 total revenues were $17.9 billion versus $16.5 billion in 2024
2026 full-year Adjusted EPS guidance is $17.70 to $18.10; Q1 2026 guidance is $3.18 to $3.28
During Q4 2025 the company repurchased shares for $504 million and has $1.8 billion remaining under its current authorization
Thermo Fisher reported fourth-quarter and full-year 2025 results on January 29, 2026. Revenue and earnings per share both grew from the prior-year periods, though the fourth-quarter adjusted operating margin slipped to 23.6% from 23.9%. The filing contains no 2026 guidance; the company said it will provide that on its earnings call that morning.
Fourth-quarter revenue was $12.21 billion, up 7% from $11.40 billion, with organic revenue growth of 3%.
Fourth-quarter GAAP diluted EPS was $5.21, up 9%; adjusted EPS was $6.57, up 8%.
Full-year 2025 revenue was $44.56 billion, up 4%; full-year GAAP diluted EPS was $17.74, up 7%.
2026 financial guidance will be given on the earnings conference call at 8:30 a.m. Eastern Time on January 29, 2026.
Trane Technologies reported fourth-quarter 2025 revenue of $5.1 billion, up 6 percent, and adjusted continuing EPS of $2.86, up 10 percent, with GAAP continuing EPS of $2.74. For full-year 2025, revenue was $21.3 billion, up 7 percent, and GAAP continuing EPS was $13.14, up 16 percent. The company guided to 2026 GAAP and adjusted continuing EPS of $14.65 to $14.85, with reported revenue growth of 8.5 to 9.5 percent.
Q4 2025 reported revenues $5.1 billion, up 6 percent; organic revenues up 4 percent
Q4 2025 GAAP operating margin fell 70 basis points to 15.9 percent; adjusted operating margin was flat at 16.3 percent
Full-year 2025 GAAP continuing EPS $13.14 and adjusted $13.06, up 16 percent
2026 guidance: EPS $14.65 to $14.85 and reported revenue growth of approximately 8.5 to 9.5 percent
Houlihan Lokey reported third-quarter fiscal 2026 revenues of $717 million, up from $634 million a year earlier, and GAAP diluted EPS of $1.70, up from $1.39. The company also declared a $0.60 quarterly dividend per share, payable March 15, 2026, which matters to shareholders because higher earnings were paired with a continued cash dividend.
Revenue by segment: Corporate Finance $474 million (up 12%), Financial Restructuring $156 million (up 19%), Financial and Valuation Advisory $87 million (up 6%)
Adjusted diluted EPS (non-GAAP) was $1.94, compared with $1.64 a year earlier
Dividend of $0.60 per share, record date March 2, 2026, payable March 15, 2026
Unrestricted cash and investment securities totaled $1.18 billion as of December 31, 2025
WM reported fourth-quarter 2025 revenue of $6.3 billion, up 7.1%, and diluted EPS of $1.83 versus $1.48 a year earlier. Full-year GAAP diluted EPS slipped to $6.70 from $6.81, though adjusted EPS rose to $7.50 from $7.23. For 2026, WM projects revenue of $26.425 billion to $26.625 billion and free cash flow of $3.750 billion to $3.850 billion, and expects to resume share repurchases with about $2 billion planned for the year.
Q4 2025 revenue was $6.313 billion, up 7.1%; GAAP diluted EPS was $1.83 versus $1.48 in Q4 2024.
Full-year 2025 GAAP diluted EPS was $6.70 versus $6.81 in 2024; adjusted diluted EPS was $7.50 versus $7.23.
2026 outlook: revenue of $26.425 billion to $26.625 billion and free cash flow of $3.750 billion to $3.850 billion.
WM plans to return about $3.5 billion to shareholders in 2026 through dividends and share repurchases, including a $0.48 per share dividend increase to $3.78.
Concentra Group Holdings released preliminary, unaudited fourth-quarter and full-year 2025 results that it says exceed its earlier full-year 2025 guidance, and it issued 2026 guidance calling for revenue of $2.25 billion to $2.35 billion. Full-year 2025 earnings per share fell to $1.30 from $1.46 a year earlier, while the company's final results are due February 26, 2026.
Full-year 2025 revenue of $2,163.4 million, up 13.9% from $1,900.2 million in 2024
Full-year 2025 earnings per share of $1.30, versus $1.46 in 2024; fourth-quarter earnings per share of $0.27, versus $0.17 in Q4 2024
2026 guidance: Adjusted EBITDA of $450 million to $470 million and free cash flow of $200 million to $225 million
Final fourth-quarter and full-year 2025 results are scheduled for February 26, 2026, with a conference call on February 27, 2026
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.