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).
Tetra Tech reported first-quarter fiscal 2026 revenue of $1.21 billion and net revenue of $1.04 billion, with EPS of $0.40 against $0.00 a year earlier, when a $115 million legal contingency charge weighed on results. The company raised its fiscal 2026 net revenue and adjusted EPS guidance and declared a $0.065 per share quarterly dividend, up 12% year over year, so shareholders see a higher outlook alongside lower reported revenue.
Q1 revenue was $1.21 billion versus $1.42 billion a year earlier; net revenue was $1.04 billion versus $1.20 billion.
Q1 EPS was $0.40 versus $0.00 a year earlier; adjusted EPS was $0.35, unchanged from the prior year.
FY2026 net revenue guidance was raised to $4.15 billion to $4.30 billion, and adjusted EPS guidance to $1.46 to $1.56.
Quarterly dividend of $0.065 per share is payable February 27, 2026, to holders of record on February 12, 2026; Q1 share repurchases totaled $50 million.
Murphy Oil reported fourth-quarter 2025 net income attributable to Murphy of $11.9 million, or $0.08 per diluted share, down from $50.4 million a year earlier, and full-year net income of $104.2 million, down from $407.2 million in 2024. The company also raised its quarterly dividend to $0.35 per share and issued 2026 production and capital spending guidance, which shareholders will weigh against the sharp drop in earnings.
Q4 2025 revenue from production was $613.1 million, versus $669.6 million in Q4 2024; Q4 adjusted net income was $19.7 million, versus $51.0 million.
Full-year 2025 net income attributable to Murphy was $104.2 million, or $0.72 per diluted share, versus $407.2 million in 2024.
Quarterly dividend increased to $0.35 per share, or $1.40 annualized, payable March 2, 2026 to holders of record as of February 17, 2026.
2026 guidance: full-year net production of 167,000 to 175,000 BOEPD and capital expenditures of $1.2 billion to $1.3 billion, excluding noncontrolling interest.
United Rentals reported fourth-quarter 2025 total revenue of $4.208 billion, but net income fell 5.2% to $653 million and diluted EPS was $10.27. The company also gave 2026 guidance calling for total revenue of $16.8 billion to $17.3 billion and adjusted EBITDA of $7.575 billion to $7.825 billion, and announced a new $5 billion share repurchase program plus a 10% dividend increase.
Q4 2025 total revenue was $4.208 billion, versus $4.095 billion a year earlier; net income was $653 million, versus $689 million.
Full-year 2025 total revenue was $16.099 billion and net income was $2.494 billion; full-year diluted EPS was $38.61.
2026 outlook: total revenue $16.8 billion to $17.3 billion; adjusted EBITDA $7.575 billion to $7.825 billion; free cash flow excluding merger and restructuring payments $2.15 billion to $2.45 billion.
The company intends to repurchase $1.5 billion of common stock in 2026, including $1.15 billion under the new program, and the quarterly dividend rises to $1.97 per share.
Antero Resources completed a $750 million offering of 5.400% senior notes due 2036, with interest paid each February 1 and August 1. The company plans to use the proceeds, along with a Term Loan A, to fund its pending acquisition of HG Energy II Production Holdings, LLC, and the notes must be redeemed at 101% of principal if that deal does not close by the specified outside date.
$750 million aggregate principal of 5.400% senior notes due 2036, issued under a January 28, 2026 indenture with Computershare Trust Company, N.A. as trustee
Proceeds, plus a Term Loan A, are intended to fund the HG Acquisition, which is expected to close in the first half of 2026
Notes must be redeemed at 101% of principal plus accrued interest if the HG Acquisition does not close by the Special Mandatory Redemption Outside Date, which is no earlier than June 2, 2026
The Utica Disposition is expected to close in the first quarter of 2026 and is expected to fund the remainder of the acquisition costs
MSCI and its subsidiary MSCI Limited amended their index license agreements with BlackRock Fund Advisors for exchange-traded funds, extending the term to March 31, 2035, with auto-renewals of three years thereafter unless notice is given. The amendment revises license fees for certain funds starting January 1, 2026, with further changes effective January 1, 2027, and the filing says it does not otherwise make material changes to the existing fee structure.
Amendment dated January 27, 2026 extends the Existing ETF Agreements to March 31, 2035
After 2035, each agreement auto-renews for successive three-year periods unless either party gives written notice of termination before the term ends
License fees for certain funds change starting January 1, 2026, with additional changes effective January 1, 2027, based on each fund's expense ratio and assets under management
Meritage Homes reported fourth quarter 2025 net earnings of $84.0 million, or $1.20 per diluted share, down 51% from $172.6 million, or $2.36 per share, a year earlier. Home closing revenue fell 12% to $1.4 billion on 7% fewer closings and lower average prices, and the company recorded $42.9 million of non-recurring charges. The company expects 2026 home closing volume and revenue to be consistent with 2025, assuming no further deterioration in market conditions.
Q4 2025 net earnings $84.0 million ($1.20 per diluted share) vs. $172.6 million ($2.36) in Q4 2024
Full year 2025 net earnings $453.0 million ($6.35 per diluted share), down 42% from $786.2 million
Home closing gross margin 16.5% in Q4 2025 vs. 23.2% a year earlier; adjusted margin 19.3% excluding non-recurring charges
Company anticipates $400 million in share repurchases during 2026, assuming no material changes to market conditions
Landstar reported fourth-quarter 2025 revenue of $1,174.5 million, down from $1,209.3 million a year earlier, and EPS of $0.70 versus $1.31. Insurance and claims expense rose to $56 million from about $30 million, which the company said had a significant adverse impact on results. The board declared a $0.40 quarterly dividend, unchanged from the prior quarter's rate in the filing's figures, while earnings declined.
Revenue $1,174.5 million vs. $1,209.3 million; operating income $29.6 million vs. $57.8 million
EPS $0.70 vs. $1.31 in the 2024 fourth quarter
Insurance and claims of $56 million included $16.7 million ($0.37 per share) from three vehicular accidents and a $5.3 million ($0.12 per share) reserve increase
Quarterly dividend of $0.40 per share payable March 11, 2026, to holders of record as of February 18, 2026
Whirlpool reported fourth-quarter and full-year 2025 results and gave 2026 guidance. Fourth-quarter net sales fell 0.9% to $4,098 million and ongoing earnings per diluted share dropped to $1.10 from $4.57, while full-year ongoing EPS fell 49.0% to $6.23. The company expects 2026 ongoing EPS of about $7.00, which would be above its 2025 ongoing result, and plans to pay down about $400 million of debt.
Q4 2025 net sales $4,098 million, down 0.9% year over year; Q4 GAAP EPS $1.91 versus a $7.10 loss a year earlier
Full-year 2025 net sales $15.5 billion, down 6.5%; ongoing EBIT $729 million, down 17.8%
2026 outlook: ongoing EPS about $7.00, GAAP EPS about $6.25, net sales $15.3 to $15.6 billion
2026 free cash flow guided at $400 to $500 million; Whirlpool reduced its stake in Whirlpool of India to about 40% and used proceeds to reduce debt
Beacon Financial reported fourth-quarter 2025 net income of $53.4 million, or $0.64 per share, compared with a net loss of $4.2 million in the third quarter, and its board approved a quarterly dividend of $0.3225 per share. The filing says the quarter included three months of combined results from the September 2025 merger with Brookline Bancorp versus one month in the prior quarter, so results may not be directly comparable to prior periods. For shareholders, the quarter shows a return to profit and a dividend more than double the $0.135 paid a year earlier, while full-year 2025 merger-related charges totaled $70.1 million.
Q4 2025 net income was $53.4 million, or $0.64 per share, versus a net loss of $4.2 million, or $0.05 per share, in Q3 2025.
Q4 2025 operating earnings (non-GAAP) were $66.4 million, or $0.79 per share.
Full-year 2025 net income was $90.3 million, or $1.03 per share, including $70.1 million of merger-related charges.
Quarterly dividend of $0.3225 per share is payable February 27, 2026, to holders of record on February 13, 2026.
Adtalem Global Education (NYSE: ATGE) reported second quarter fiscal 2026 revenue of $503.4 million, up 12.4%, and raised its fiscal 2026 adjusted earnings per share guidance to $7.80 to $8.00, while keeping its revenue guidance unchanged. The results include $18.0 million of incremental Walden revenue from a shifted academic week, and Chamberlain's operating income fell 24.2%, so shareholders may weigh the strength of the headline growth against those factors. Note: this 8-K was filed by Adtalem Global Education Inc., not Covista Inc. (CVSA) as the request stated.
Q2 fiscal 2026 revenue $503.4 million, up 12.4% year-over-year; diluted EPS $2.11 vs. $1.98; adjusted EPS $2.43 vs. $1.81, up 34.3%
Fiscal 2026 adjusted EPS guidance raised to $7.80 to $8.00 from $7.60 to $7.90; revenue guidance maintained at $1,900 million to $1,940 million
Chamberlain Q2 operating income $32.0 million vs. $42.2 million a year earlier, down 24.2%; Walden operating income rose 53.8% to $75.2 million
New $750 million share repurchase program through December 2028; $165 million of shares repurchased in Q2
KB Home's board promoted President and Chief Operating Officer Robert McGibney to President and Chief Executive Officer, effective March 1, 2026, and appointed him a director. Jeffrey Mezger, CEO and Chairman, will become Executive Chairman and remain the most senior executive officer with a significant management role. The filing describes a planned succession process, and it reports no change to financial results or guidance.
Robert McGibney, 51, joined KB Home in 2000 and was named President in 2024; he becomes CEO and a director effective March 1, 2026
Jeffrey Mezger, 70, has been CEO since 2006 and Chairman since 2016; he becomes Executive Chairman on the same date
McGibney will not serve on board committees or receive additional compensation for board service
The filing reports no arrangements or family relationships tied to his appointment
Mid-America Apartment Communities entered a settlement agreement on January 26, 2026, to resolve a class action alleging it and other apartment owners inflated rents through RealPage revenue management software, paying $53 million in two installments. The company expects to raise its loss contingency reserve to $62.5 million in its 2025 year-end financials, but says the charge will not affect 2025 Core FFO or FAD and does not expect material effects on liquidity or its credit rating.
Settlement payment totals $53 million, paid in two $26.5 million installments, the first no earlier than March 2, 2026
Loss contingency reserve to rise to $62.5 million, recorded as other non-operating expense in 2025 financials
2025 Core FFO and FAD are not affected; the settlement will be reflected in 2026 guidance when provided
Settlement remains subject to Court approval; plaintiffs must seek preliminary approval by March 31, 2026
Century Communities reported fourth quarter 2025 total revenues of $1.2 billion, net income of $36.0 million ($1.21 per diluted share), and adjusted EPS of $1.59, all down sharply from the year-earlier quarter. Full year 2025 net income was $147.6 million ($4.86 per diluted share), down from $333.8 million in 2024; the company also gave 2026 guidance of 10,000 to 11,000 new home deliveries and $3.6 billion to $4.1 billion in home sales revenues. Net new home contracts rose 9.5% in the quarter, but lower deliveries and profit were the main measures for shareholders.
Q4 2025 net income was $36.0 million, or $1.21 per diluted share, versus $102.7 million, or $3.20 per diluted share, in Q4 2024.
Q4 2025 new home deliveries were 3,030, down from 3,198, while net new home contracts rose to 2,702 from 2,467.
Full year 2025 net income was $147.6 million, or $4.86 per diluted share, versus $333.8 million, or $10.40 per diluted share, in 2024.
2026 guidance: 10,000 to 11,000 new home deliveries and home sales revenues of $3.6 billion to $4.1 billion, assuming no significant changes to the current economic environment.
Southwest reported 2025 net income of $441 million, or $0.79 per diluted share, down 5.2% from $465 million a year earlier, while full-year operating revenues reached a record $28.1 billion, up 2.1%. The company guided 2026 adjusted EPS of at least $4.00, and said Winter Storm Fern is included in its first quarter and full-year outlook.
Q4 2025 net income was $323 million, or $0.61 per diluted share, up from $261 million, or $0.42, a year earlier.
Full-year 2025 adjusted EBIT was $574 million, above prior guidance of $500 million; full-year adjusted EPS was $0.93, down from $0.96.
2026 adjusted EPS guidance is at least $4.00; first quarter 2026 adjusted EPS is guided at least $0.45.
Southwest returned $2.9 billion to shareholders in 2025 through share repurchases and dividends.
CONMED reported fourth-quarter 2025 sales of $373.2 million, up 7.9%, while GAAP diluted earnings per share fell to $0.54 from $1.08, and adjusted EPS rose to $1.43 from $1.34. For 2026, the company expects adjusted diluted EPS of $4.30 to $4.45, compared with $4.59 adjusted for full-year 2025, so shareholders face a lower adjusted earnings outlook despite higher sales.
Q4 2025 net sales $373.2 million, up 7.9% as reported and 7.1% in constant currency; international revenue up 17.0%, domestic up 1.4%
Q4 GAAP diluted EPS $0.54 vs $1.08 a year earlier; adjusted diluted EPS $1.43 vs $1.34
Full-year 2025 net sales $1,374.7 million, up 5.2%; GAAP diluted EPS $1.51 vs $4.25 in 2024; adjusted EPS $4.59 vs $4.17
2026 outlook: reported revenue $1.345 billion to $1.375 billion and adjusted diluted EPS $4.30 to $4.45
ServiceNow reported fourth-quarter 2025 total revenue of $3,568 million, up 20.5% from a year earlier, and GAAP net income of $401 million, or $0.38 per diluted share, compared with $384 million, or $0.37, in the same quarter of 2024. The company also gave first-quarter and full-year 2026 subscription revenue guidance and said its board authorized an additional $5.0 billion in share repurchases, which it said will help manage dilution.
Q4 2025 total revenue $3,568 million (up 20.5%); subscription revenue $3,466 million (up 21%)
Q4 2025 income from operations $443 million, up from $374 million a year earlier
Full-year 2026 GAAP subscription revenue guidance of $15,530 million to $15,570 million
Board authorized $5.0 billion in additional repurchases; about $1.4 billion remained under prior authorizations as of December 31, 2025, and a $2 billion accelerated share repurchase is planned
First Interstate BancSystem reported fourth-quarter 2025 net income of $108.8 million, or $1.08 per diluted share, up from $71.4 million in the third quarter and $52.1 million a year earlier. The results include a $62.7 million gain from the sale of its Arizona and Kansas branches, which closed on October 10, 2025, and the board raised its stock repurchase authorization by $150.0 million, to $300.0 million in total since August 2025.
Q4 2025 net income of $108.8 million, or $1.08 per diluted share, versus $0.69 in Q3 2025 and $0.50 in Q4 2024
$62.7 million gain from the sale of the Arizona and Kansas branches, which closed on October 10, 2025, was the main driver of higher noninterest income
Net interest income fell 3.7% year over year to $206.4 million in Q4 2025, while net interest margin rose to 3.36%
Board authorized an additional $150.0 million for buybacks on January 27, 2026, and declared a $0.47 per share dividend payable February 20, 2026 to holders of record as of February 10, 2026
Schneider National said Mark Rourke will step down as President and CEO and become Executive Chair effective July 1, 2026, with James Filter taking over as President and CEO on the same date. The Board also created a Lead Independent Director role, which James Welch will fill, as part of what the company calls a planned succession process.
James Filter, 54, currently Executive Vice President and Group President of Transportation and Logistics, becomes President and CEO effective July 1, 2026
Filter's annual base salary is $775,000, with a fiscal 2026 cash incentive target of $969,000 (125% of base) and a long-term equity award with a $3.3 million grant date target value
Rourke's annual base salary will be reduced to $750,000 after the transition; James Welch becomes Lead Independent Director
Meta reported fourth-quarter 2025 revenue of $59.89 billion, up 24%, and diluted EPS of $8.88, up 11%, but full-year net income fell 3% to $60.46 billion and diluted EPS fell 2% to $23.49 after a valuation allowance charge tied to the One Big Beautiful Bill Act raised the full-year tax provision to $25.47 billion. The company guided to 2026 total expenses of $162-169 billion and capital expenditures of $115-135 billion, and said it expects 2026 operating income to exceed 2025 operating income.
Q4 2025 revenue was $59.89 billion, up 24% year over year; income from operations rose 6% to $24.75 billion, and operating margin fell to 41% from 48%.
Full-year 2025 effective tax rate was 30%, versus 12% in 2024; the company said it would have been 13% absent the charge.
Q1 2026 revenue guidance is $53.5-56.5 billion, with an assumed foreign currency tailwind of about 4%.
Capital expenditures were $72.22 billion in 2025; 2026 capital expenditures are expected at $115-135 billion.
Progressive reported December 2025 net income of $1.147 billion, up 22% from $942 million a year earlier, and full-year 2025 net income of $11.308 billion, up from $8.480 billion in 2024. The company also said CFO John Sauerland will retire on July 3, 2026, and Chief Strategy Officer Andrew Quigg is expected to succeed him.
December 2025 net income was $1.147 billion versus $942 million; diluted EPS was $1.95 versus $1.60.
December combined ratio was 87.1 versus 84.1 a year earlier, a higher (less favorable) figure.
Full-year 2025 net income was $11.308 billion versus $8.480 billion; full-year diluted EPS was $19.23 versus $14.40.
Sauerland retires July 3, 2026; Quigg is expected to be appointed CFO upon his retirement.
Louisiana-Pacific's CEO and Board Chairperson, W. Bradley Southern, will retire from the Board and his CEO role effective February 19, 2026, as part of leadership succession planning. The Board named director F. Nicholas Grasberger III as independent Chairperson and appointed President and CEO-elect Jason Ringblom to the Board, where he will succeed Southern as CEO on the same date.
Southern notified the Board on January 23, 2026 of his retirement from the Board, including the Chairperson role, effective February 19, 2026.
Ringblom joins the Board as a Class III director and succeeds Southern as CEO, both effective February 19, 2026.
Grasberger, a director since 2019, was elected independent Chairperson on January 26, 2026, effective February 19, 2026.
Directors Dustan E. McCoy and Ozey K. Horton Jr. retire effective May 1, 2026, leaving an eight-member Board, including seven independent directors.
U.S. Bancorp said Chairman Andrew Cecere will not stand for re-election and will retire from the Board at the 2026 annual shareholder meeting, citing personal reasons. CEO Gunjan Kedia will take on the chairman role in addition to her current responsibilities, consolidating the chair and CEO positions.
Andrew Cecere informed the Board on January 27, 2026 that he will not stand for re-election after his term expires at the 2026 Annual Meeting of Shareholders.
Gunjan Kedia, CEO and president and a Board member, was elected chairman effective upon Cecere's retirement from the Board on April 21, 2026.
Roland Hernandez will continue as the Board's lead independent director.
Cecere's decision was not due to any disagreement with the company on operations, policies or practices.
Brinker reported second-quarter fiscal 2026 results that improved from a year earlier, with total revenues of $1,452.2 million and net income of $128.5 million. The company raised its full-year fiscal 2026 guidance for total revenues and non-GAAP earnings per diluted share, citing a stronger outlook for Chili's, though Winter Storm Fern reduced results by an estimated $20.0 million in revenue and $0.15 per diluted share.
Diluted EPS was $2.86 versus $2.61 a year earlier; excluding special items, non-GAAP EPS was $2.87 versus $2.80.
Full-year fiscal 2026 total revenue guidance was raised to $5.76 billion-$5.83 billion from $5.60 billion-$5.70 billion.
Full-year non-GAAP EPS guidance was raised to $10.45-$10.85 from $9.90-$10.50.
Company comparable restaurant sales rose 7.5%, with Chili's up 8.6% and Maggiano's down 2.4%; the company repurchased $100.0 million of its stock during the quarter.
Ultra Clean Holdings terminated Chief Operating Officer Harjinder Bajwa effective immediately on January 25, 2026, and named Robert Wunar as its new COO, effective March 23, 2026. Wunar previously spent years in operations roles at Applied Materials, most recently as Managing Director of Business Unit Operations through January 2026.
Harjinder Bajwa's employment as COO was terminated effective immediately on January 25, 2026; he will receive severance under the company's executive severance policy.
Robert Wunar, 58, was appointed COO by the Board on January 25, 2026, with a start date of March 23, 2026.
Wunar's salary is $475,000 per year, with a target bonus of 85% of base salary and a $200,000 sign-on bonus subject to clawback within 12 months.
Wunar's equity award has a grant date value of $1,500,000, subject to shareholder approval at the next annual meeting.
Scotts Miracle-Gro reported first-quarter net sales of $354.4 million, down 3% from a year earlier, and a net loss of $125.0 million, compared with $69.5 million a year earlier. The larger loss reflects a $77.2 million loss from discontinued operations tied to Hawthorne, which is being sold to Vireo Growth, Inc. The company reaffirmed its fiscal 2026 guidance and authorized a $500 million share repurchase program, with repurchases expected to begin in late 2026.
Net sales were $354.4 million, down 3% from $366.6 million in the prior-year quarter.
Net loss from continuing operations narrowed to $47.8 million, or $0.83 per share, from $66.1 million, or $1.15 per share; total net loss was $125.0 million, or $2.16 per share.
Hawthorne sale to Vireo Growth, Inc. is in advanced discussions, with closing anticipated in the fiscal second quarter.
Board approved a share repurchase program of up to $500 million; fiscal 2026 guidance, including $275 million of free cash flow, was reaffirmed.
Extreme Networks reported fiscal second-quarter revenue of $317.9 million, up 14% from a year earlier, and GAAP diluted EPS of $0.06, unchanged from last year. The CFO said the company is raising its fiscal 2026 revenue outlook, which now targets $1,262.0 million to $1,270.0 million, while GAAP operating margin fell to 4.1% from 4.5%.
Q2 revenue $317.9 million, up from $279.4 million a year earlier
GAAP diluted EPS $0.06 versus $0.06 last year; non-GAAP diluted EPS $0.26 versus $0.21
FY26 revenue target raised to $1,262.0 million to $1,270.0 million; FQ3 revenue target $309.1 million to $314.1 million
GAAP operating margin 4.1% versus 4.5% last year; ending cash $219.8 million
Corning reported fourth-quarter 2025 GAAP sales of $4.22 billion, up 20% from a year earlier, and GAAP diluted EPS of $0.62 versus $0.36. It also forecast first-quarter 2026 core sales of $4.2 billion to $4.3 billion and core EPS of $0.66 to $0.70, and raised its internal Springboard sales target, which matters to shareholders because it signals expected growth and profit gains.
Q4 2025 GAAP sales $4.22 billion (up 20% year over year); core sales $4.41 billion (up 14%)
Q4 2025 GAAP EPS $0.62 vs. $0.36 a year earlier; core EPS $0.72, up 26%
Full-year 2025 GAAP sales $15.63 billion; GAAP EPS $1.83 vs. $0.58 in 2024
Q1 2026 outlook: core sales $4.2 billion to $4.3 billion; core EPS $0.66 to $0.70; Meta agreement up to $6 billion
Littelfuse reported fourth-quarter 2025 net sales of $594 million, up 12%, but a $301 million non-cash goodwill impairment on its Semiconductor Products business produced a GAAP net loss of $242 million. Adjusted diluted EPS rose to $2.69 from $1.53, and the company guided first-quarter 2026 net sales to $625 million to $645 million, with adjusted EPS of $2.70 to $2.90.
Q4 2025 net sales were $594 million, up 12%; organic growth contributed 7%.
GAAP diluted loss per share was $9.72 for Q4 2025, versus a loss of $2.09 a year earlier, including the $301 million goodwill impairment.
Adjusted diluted EPS was $2.69 for Q4 2025, compared with $1.53 a year earlier; full-year 2025 adjusted EPS was $10.68, up 34%.
First-quarter 2026 guidance: net sales of $625 million to $645 million and adjusted diluted EPS of $2.70 to $2.90; the company also declared a $0.75 per share dividend payable March 5, 2026.
Stifel Financial reported record fourth-quarter net revenues of $1.56 billion, up from $1.36 billion a year earlier, and diluted EPS of $2.31 versus $2.09. For the full year, net income available to common shareholders fell to $646.5 million, or $5.87 per diluted share, from $694.1 million, or $6.25, as elevated legal provisions weighed on results. The board also declared a three-for-two stock split and an 11% dividend increase.
Q4 2025 net revenues $1.56 billion, up 14.4% from $1.36 billion; diluted EPS $2.31 versus $2.09
Full-year 2025 net revenues $5.53 billion; diluted EPS $5.87 versus $6.25, with $1.16 per share of after-tax legal provisions cited
Three-for-two stock split as a 50% stock dividend, distributed February 26, 2026, to holders of record February 12, 2026
Quarterly common dividend raised 11% to $0.51 per share starting in the first quarter of 2026
Lennox reported fourth-quarter 2025 revenue of $1.2 billion, down 11%, and adjusted diluted EPS of $4.45, down 22%, with figures reflecting a change from LIFO to FIFO inventory accounting. The company also guided for 2026 revenue growth of about 6% to 7% and adjusted EPS of $23.50 to $25.00, which shareholders can compare with a full-year 2025 adjusted EPS of $23.16.
Q4 2025 revenue $1.2 billion, down 11%; segment profit $212 million, down 16%
Q4 GAAP diluted EPS $4.07 versus $5.64 a year earlier; adjusted diluted EPS $4.45 versus $5.72 restated basis, down 22%
Full year 2025 adjusted diluted EPS $23.16, up 2%; revenue $5.2 billion, down 3%
2026 guidance: revenue up about 6% to 7%, adjusted EPS $23.50 to $25.00, free cash flow $750 million to $850 million
ADP reported fiscal second-quarter 2026 results for the quarter ended December 31, 2025, with revenue up 6% and net earnings up 10%, and raised its full-year fiscal 2026 outlook for revenue growth and adjusted diluted EPS growth. For shareholders, the quarter showed growth in both revenue and profit, and the updated guidance signals management's expectations for the rest of the year.
Revenue rose 6% to $5.4 billion; net earnings rose 10% to $1.1 billion
Diluted EPS rose 11% to $2.62; adjusted diluted EPS also rose 11% to $2.62
Fiscal 2026 revenue growth outlook is now about 6%, up from 5% to 6%
Adjusted diluted EPS growth outlook is now 9% to 10%, up from 8% to 10%
Prosperity Bancshares reported fourth quarter 2025 net income of $139.9 million, up 7.6% from $130.1 million a year earlier, with diluted EPS of $1.49 versus $1.37. The company also signed a definitive merger agreement to acquire Stellar Bancorp, which it values at approximately $2.002 billion, paid in Prosperity common stock plus cash, so existing shareholders' stake would be affected by the share issuance.
Q4 2025 net income $139.9 million vs. $130.1 million in Q4 2024; diluted EPS $1.49 vs. $1.37
Full-year 2025 net income $542.8 million, up 13.2%; diluted EPS $5.72, up 13.3%
Stellar merger terms: 0.3803 Prosperity shares plus $11.36 cash per Stellar share; total consideration approximately $2.002 billion based on the $72.90 closing price on January 27, 2026
Southwest Bancshares acquisition expected to become effective February 1, 2026
Halozyme raised its 2026 financial guidance on January 28, 2026, with total revenue now expected at $1,710 million to $1,810 million, up from $1,430 million to $1,530 million. The company also gave preliminary, unaudited 2025 total revenue of $1,385 million to $1,400 million and disclosed its acquisition of Surf Bio, which carries up to $400 million in total consideration.
2026 royalty revenue guidance raised to $1,130 million-$1,170 million from $900 million-$940 million
2026 non-GAAP diluted EPS guidance raised to $7.75-$8.25 from $6.50-$7.00, including about $60 million of Hypercon and Surf Bio investment not in prior guidance
Surf Bio acquired for an upfront payment of $300 million, plus up to $100 million in milestone payments
Preliminary 2025 royalty revenue estimated at $865 million-$870 million, with 51% to 52% year-over-year growth
AT&T reported fourth-quarter 2025 revenue of $33.5 billion, up 3.6% year over year, and adjusted EPS of $0.52 versus $0.43 a year earlier, while diluted EPS fell to $0.53 from $0.56. The company also gave a multi-year outlook for 2026-2028, including 2026 adjusted EPS of $2.25 to $2.35, plans to return $45 billion or more to shareholders, and a new segment structure that separates Legacy copper operations from advanced connectivity.
Q4 2025 revenue $33.5 billion vs. $32.3 billion a year earlier; net income $4.2 billion vs. $4.4 billion
Full-year 2025 diluted EPS $3.04 vs. $1.49; adjusted EPS $2.12 vs. $1.95
2026 outlook: adjusted EPS $2.25 to $2.35, capital investment $23 billion to $24 billion, free cash flow $18 billion or more
Plans to return $45 billion or more to shareholders during 2026-2028 and repurchase about $8 billion of stock in 2026
GE Vernova reported fourth-quarter 2025 revenue of $11.0 billion, up 4%, and net income of $3.7 billion, which included a $2.9 billion tax benefit. It raised its 2026 revenue and free cash flow guidance, now including the Prolec GE acquisition, which is expected to close on February 2, 2026. For shareholders, the filing shows higher reported sales and a raised outlook, while Wind segment losses and the one-time tax benefit affect how the profit figures should be read.
Q4 2025 revenue was $11.0 billion, up 4%, and full-year 2025 revenue was $38.1 billion, up 9%.
Q4 2025 net income was $3.7 billion, including a $2.9 billion tax benefit from a U.S. valuation allowance release; Q4 2024 net income was $484 million.
2026 revenue guidance is $44-$45 billion, up from $41-$42 billion; free cash flow guidance is $5.0-$5.5 billion, up from $4.5-$5.0 billion.
Wind segment expects approximately $400 million of segment EBITDA losses in 2026, and the Prolec GE acquisition for $5.275 billion is expected to close on February 2, 2026.
Elevance Health reported fourth quarter 2025 operating revenue of $49.3 billion, up 10% from a year earlier, and GAAP diluted EPS of $2.47 versus $1.81. For the full year, GAAP diluted EPS fell 1.8% to $25.21 and adjusted diluted EPS fell 8.3% to $30.29. The company projects 2026 adjusted diluted EPS of at least $25.50 and GAAP diluted EPS of at least $22.30, both below 2025 levels.
Q4 2025 operating gain was $0.3 billion versus $0.7 billion a year earlier; benefit expense ratio rose to 93.5%, up 110 basis points.
Full-year 2025 adjusted operating gain was $7.5 billion versus $9.3 billion in 2024.
2026 outlook: total operating revenue expected to decline at a low single digit rate; adjusted operating gain of at least $6.8 billion.
Returned $4.1 billion to shareholders in 2025; Q1 2026 dividend declared at $1.72 per share, payable March 25, 2026.
Hecla Mining agreed to sell its Hecla Quebec subsidiary, which owns the Casa Berardi operation and a portfolio of exploration properties in Quebec, to Orezone Gold for up to $593 million in total consideration. The deal is expected to close in the first quarter of 2026, subject to conditions, and Hecla says the cash proceeds will go toward debt reduction as it focuses on its silver assets.
Cash consideration of $160 million due at closing, plus about 65.7 million Orezone common shares currently valued at about $112 million
Deferred cash of $80 million ($30 million at 18 months, $50 million at 30 months) and contingent consideration of up to $241 million
Expected closing in the first quarter of 2026, subject to conditions being satisfied
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