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).
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
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.
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
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.
Calix reported unaudited fourth-quarter 2025 revenue of $272.4 million, a record that was up 32% from a year earlier and 3% from the prior quarter, and full-year 2025 revenue of $1.0 billion, up 20%. The company guided first-quarter 2026 revenue to $275 million to $281 million, above the fourth-quarter level, but its non-GAAP gross margin guidance midpoint is 75 basis points below the prior quarter.
Q4 2025 GAAP net income was $7.4 million, or $0.10 per diluted share; non-GAAP net income was $27.3 million, or $0.39 per diluted share.
Q1 2026 guidance: revenue $275 million to $281 million; non-GAAP net income per diluted share $0.34 to $0.40.
Non-GAAP gross margin for Q4 2025 was a record 58.0%, but Q1 2026 non-GAAP gross margin guidance midpoint is 57.25%, down 75 basis points, due to overlapping cloud costs during platform migration.
Calix will hold an Investor Day at the New York Stock Exchange on February 24, 2026, and a conference call is set for January 29, 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
Plexus reported fiscal first quarter 2026 revenue of $1.070 billion, up 10% from a year earlier, with GAAP diluted EPS of $1.51 versus $1.34 a year earlier. The company guided fiscal second quarter revenue to $1.110 billion to $1.150 billion and GAAP diluted EPS to $1.53 to $1.68, and said it now sees potential to meet or exceed the high end of its 9% to 12% revenue growth goal. Free cash flow was negative $50.6 million in the quarter, though the company reconfirmed its fiscal 2026 free cash flow expectation of approximately $100 million.
Q1 fiscal 2026 revenue was $1.070 billion, up 10% year over year and 1% sequentially; GAAP diluted EPS was $1.51 and non-GAAP diluted EPS was $1.78.
Q2 fiscal 2026 guidance: revenue of $1.110 billion to $1.150 billion, GAAP diluted EPS of $1.53 to $1.68, and non-GAAP EPS of $1.80 to $1.95.
Won 22 manufacturing programs representing $283 million in annualized revenue when fully ramped.
Free cash flow was negative $50.6 million for the quarter; the company bought back $22.4 million of shares and has $62.6 million left under its $100.0 million authorization.
Deluxe reported fourth-quarter and full-year 2025 results on January 28, 2026. Full-year net income rose to $85.3 million from $52.9 million, and full-year revenue increased 0.5% to $2.13 billion. The company also issued full-year 2026 guidance for revenue, adjusted EBITDA, adjusted diluted EPS and free cash flow.
Full-year 2025 GAAP diluted EPS was $1.87, versus $1.18 in 2024; comparable adjusted diluted EPS rose 12.6% to $3.67.
Fourth-quarter 2025 revenue was $535.3 million, up 2.8%, and net income was $15.1 million, up from $12.6 million.
2026 outlook: revenue of $2.11 to $2.175 billion, adjusted EBITDA of $445 to $470 million, adjusted diluted EPS of $3.90 to $4.30, and free cash flow of approximately $200 million.
Board approved a regular quarterly dividend of $0.30 per share, payable February 23, 2026, to holders of record on February 9, 2026.
Annaly Capital Management reported fourth-quarter 2025 results on January 28, 2026. GAAP net income was $1.40 per average common share, up from $1.21 in the third quarter and $0.78 a year earlier, and book value per common share rose to $20.21 from $19.25 at September 30, 2025. The company also declared a $0.70 quarterly common dividend, matching the third quarter.
GAAP net income of $1.40 per average common share for Q4 2025, versus $1.21 in Q3 2025 and $0.78 in Q4 2024.
Earnings available for distribution of $0.74 per average common share for Q4 2025, versus $0.72 in Q4 2024.
Book value per common share of $20.21 at December 31, 2025, up from $19.25 at September 30, 2025.
Common stock cash dividend of $0.70 per share for the fourth quarter; GAAP leverage was 7.2x, up from 7.1x in the prior quarter.
FICO reported results for the first fiscal quarter ended December 31, 2025, in a press release furnished as Exhibit 99.1. Revenue rose 16% to $512.0 million and GAAP diluted EPS was $6.61, up from $6.14, as net income reached $158.4 million. The company reiterated its fiscal 2026 guidance, including revenue of $2.35 billion and GAAP EPS of $33.47, while operating cash flow and free cash flow declined from the prior year.
Revenue of $512.0 million, up 16% from $440.0 million in the prior year period.
GAAP diluted EPS of $6.61 vs $6.14; net income of $158.4 million vs $152.5 million.
Scores revenue rose 29% to $304.5 million; Software revenue rose 2% to $207.5 million.
Operating cash flow was $174.1 million vs $194.0 million; free cash flow was $165.4 million vs $186.8 million. Fiscal 2026 guidance was reiterated, not changed.
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
Las Vegas Sands reported fourth-quarter 2025 results with net revenue of $3.65 billion, up from $2.90 billion a year earlier, and net income attributable to the company of $395 million, up from $324 million. The company also repurchased $500 million of its common stock during the quarter and announced a next quarterly dividend of $0.30 per share.
Net income attributable to Las Vegas Sands Corp. was $395 million, or $0.58 per diluted share, versus $324 million, or $0.45 per diluted share, in the fourth quarter of 2024.
Adjusted earnings per diluted share, a non-GAAP measure, were $0.85 versus $0.54 a year earlier.
Consolidated adjusted property EBITDA was $1.41 billion, compared with $1.11 billion in the prior year quarter.
The company repurchased $500 million of common stock, and its next quarterly dividend of $0.30 per share is payable February 18, 2026.
IBM reported fourth-quarter 2025 revenue of $19.7 billion, up 12%, and full-year revenue of $67.5 billion, up 8%. GAAP diluted earnings per share were $5.86, versus $3.11 a year earlier, helped by a tax benefit tied to the resolution of tax audit matters. The company expects full-year 2026 constant currency revenue growth of more than 5% and about $1 billion more free cash flow than in 2025.
Q4 2025 revenue $19.7 billion, up 12%; Software up 14%, Infrastructure up 21%, Consulting up 3%
Q4 GAAP diluted EPS $5.86 vs. $3.11 a year earlier; operating (non-GAAP) EPS $4.52 vs. $3.92
Full-year 2025 free cash flow $14.7 billion; 2026 expectation is about $1 billion year-over-year increase
Quarterly dividend of $1.68 per share declared, payable March 10, 2026 to holders of record February 10, 2026
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
Lam Research reported revenue of $5.34 billion and U.S. GAAP diluted EPS of $1.26 for the quarter ended December 28, 2025, both up from the September 2025 quarter. The company guided March 2026 quarter revenue to $5.70 billion, plus or minus $300 million, and GAAP diluted EPS to $1.35, plus or minus $0.10, which is above the December quarter results.
Revenue was $5.34 billion, compared with $5.32 billion in the September 2025 quarter and $4.38 billion a year earlier.
U.S. GAAP diluted EPS was $1.26, up from $1.24; non-GAAP diluted EPS was $1.27, up from $1.26.
U.S. GAAP gross margin fell to 49.6% from 50.4%, and operating income as a percentage of revenue fell to 33.9% from 34.4%.
Guidance for the quarter ending March 29, 2026: revenue of $5.70 billion plus or minus $300 million and U.S. GAAP diluted EPS of $1.35 plus or minus $0.10.
Microsoft reported results for the quarter ended December 31, 2025, with revenue of $81.3 billion, up 17%, and operating income of $38.3 billion, up 21%. GAAP net income was boosted by $7.6 billion of net gains from OpenAI investments, so non-GAAP diluted EPS of $4.14, up 24%, excludes that effect and is the better gauge of core operations for shareholders.
Revenue $81.3 billion, up 17%; Microsoft Cloud revenue $51.5 billion, up 26%
Azure and other cloud services revenue up 39%; commercial remaining performance obligation up 110% to $625 billion
GAAP diluted EPS $5.16, up 60%; non-GAAP diluted EPS $4.14, up 24%, excluding OpenAI investment gains
Shareholder returns of $12.7 billion in dividends and buybacks, up 32% from a year earlier
SEI Investments reported fourth-quarter 2025 revenue of $607.9 million, up 9% from a year earlier, and diluted earnings per share of $1.38, up 16%. Results included about $0.08 of EPS reduction from $20.1 million of severance and M&A fees tied to the Stratos acquisition, which was completed in the quarter for $440.8 million in cash.
Q4 2025 operating income was $161.6 million, up 11%, and operating margin was 27%.
Full-year 2025 revenue was $2.30 billion, up 8%, and diluted EPS was $5.63, up 28% from $4.41.
SEI repurchased 1.2 million shares for $101.0 million in Q4 2025, bringing 2025 repurchases to 7.5 million shares.
Fourth-quarter net sales events totaled $43.6 million, and full-year net sales events reached $149.9 million.
Provident Financial Services reported fourth-quarter 2025 net income of $83.4 million, or $0.64 per share, up from $71.7 million in the prior quarter, along with record quarterly revenue of $225.7 million. Full-year 2025 net income was $291.2 million, or $2.23 per share, compared with $115.5 million in 2024, a year that included $117.0 million of Lakeland merger costs. The company also set the date for its 2026 annual meeting of stockholders.
Q4 2025 net income of $83.4 million, or $0.64 per share, versus $71.7 million ($0.55) in Q3 2025 and $48.5 million ($0.37) in Q4 2024.
Record quarterly revenue of $225.7 million, including record net interest income of $197.4 million and non-interest income of $28.3 million.
Full-year 2025 net income of $291.2 million, or $2.23 per share, versus $115.5 million ($1.05) in 2024.
Annual Meeting of Stockholders set for May 21, 2026, as a virtual meeting; record date is March 27, 2026.
Capitol Federal Financial reported first quarter fiscal 2026 net income of $20.3 million, or $0.16 per share, for the quarter ended December 31, 2025, up from $18.8 million, or $0.14 per share, in the prior quarter. The increase was due primarily to higher net interest income, and the company repurchased 2,376,633 shares for $16.3 million and declared a quarterly dividend of $0.085 per share. Its Federal Reserve non-objection for up to $75 million of buybacks expires in February 2026.
Net income of $20.3 million, or $0.16 per share, versus $18.8 million, or $0.14 per share, for the quarter ended September 30, 2025
Net interest margin rose to 2.19% from 2.09%; efficiency ratio improved to 53.66% from 56.84%
Quarterly cash dividend of $0.085 per share payable February 20, 2026 to holders of record on February 6, 2026
Repurchased 2,376,633 shares for $16.3 million; $54.8 million remains under the current authorization
First Commonwealth Financial reported fourth-quarter 2025 net income of $44.9 million, or $0.43 per diluted share, up from $41.3 million and $0.39 in the prior quarter and from $35.8 million and $0.35 a year earlier. For full-year 2025, net income was $152.3 million, or $1.47 per share, compared with $142.6 million, or $1.39, in 2024. The company also declared a $0.135 quarterly dividend and authorized an additional $25.0 million share repurchase program.
Q4 2025 net income $44.9 million ($0.43 diluted EPS), vs. $41.3 million ($0.39) in Q3 2025 and $35.8 million ($0.35) in Q4 2024
Full-year 2025 net income $152.3 million ($1.47 diluted EPS), vs. $142.6 million ($1.39) in 2024
Quarterly cash dividend of $0.135 per share, payable February 20, 2026 to holders of record as of February 6, 2026
Board authorized an additional $25.0 million share repurchase program; Executive Vice President Norman Montgomery plans to retire May 1, 2026
Amphenol reported fourth-quarter and full-year 2025 results that the company called records, with sales up 49% for the quarter and 52% for the year. The company also expects first-quarter 2026 sales of $6.90 billion to $7.00 billion and Adjusted Diluted EPS of $0.91 to $0.93, which it says includes the CommScope CCS business it closed in January 2026.
Q4 2025 sales were $6.4 billion, up 49% in U.S. dollars; GAAP diluted EPS was $0.93, up 58%, and Adjusted Diluted EPS was $0.97, up 76%
Full-year 2025 sales were $23.1 billion, up 52%; GAAP diluted EPS was $3.34, up 74%
Q1 2026 outlook: sales of $6.90 billion to $7.00 billion and Adjusted Diluted EPS of $0.91 to $0.93
Returned nearly $1.5 billion to shareholders in 2025 through buybacks and dividends
Badger Meter reported fourth-quarter 2025 sales of $220.7 million, up 8% from a year earlier, and diluted earnings per share of $1.14, up from $1.04. For full year 2025, sales reached a record $916.7 million, up 11%, and diluted EPS was $4.79, up 13%, with the SmartCover acquisition contributing to growth. Management said Base revenue growth is expected to stay below its five-year outlook through the first half of 2026.
Q4 2025 operating earnings were $43.0 million, up 10%, with an operating margin of 19.5%.
Full year 2025 operating earnings rose 16% to $183.4 million; cash provided by operations was $183.7 million.
Management expects Base revenue growth to remain lower than its five-year outlook until several awarded projects begin in the first half of 2026 ending.
The Puerto Rico Aqueduct and Sewer Authority selected Badger Meter's cellular AMI solution for a project covering 1.6 million service connections.
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.
General Dynamics reported fourth-quarter 2025 revenue of $14.4 billion, up 7.8%, with diluted EPS of $4.17 versus $4.15 a year earlier, while net earnings of $1.1 billion were down 0.4%. For the full year, net earnings rose 11.3% to $4.2 billion and diluted EPS rose 13.4% to $15.45 on revenue of $52.6 billion, up 10.1%. The filing does not include 2026 guidance, which management presented on its earnings call.
Q4 2025 revenue $14.4 billion, up 7.8%; net earnings $1.1 billion, down 0.4%; diluted EPS $4.17 vs. $4.15
Full-year 2025 net earnings $4.2 billion, up 11.3%; diluted EPS $15.45, up 13.4%
Central Pacific Financial reported fourth-quarter 2025 net income of $22.9 million, or $0.85 per diluted share, up from $18.6 million, or $0.69, in the prior quarter and $11.3 million, or $0.42, a year earlier. The board also authorized a new $55 million share repurchase program for 2026 and raised the quarterly dividend 3.6% to $0.29 per share, which matters to shareholders for capital returns.
Q4 2025 net income $22.9 million, diluted EPS $0.85, versus $0.69 in Q3 2025 and $0.42 in Q4 2024
Full-year 2025 net income $77.5 million, diluted EPS $2.86, versus $53.4 million and $1.97 in 2024
New share repurchase program of up to $55 million authorized January 27, 2026
Quarterly dividend increased to $0.29 per share from $0.28, payable March 16, 2026 to holders of record February 27, 2026
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
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
Textron reported fourth quarter 2025 revenue of $4.2 billion, up 16% from a year earlier, and adjusted earnings of $1.73 per share, up from $1.34. For full-year 2025, revenue was $14.8 billion, up 8%, and adjusted EPS was $6.10, up from $5.48. The company forecast 2026 revenue of about $15.5 billion and GAAP EPS of $5.39 to $5.59, or $6.40 to $6.60 on an adjusted basis.
Q4 2025 GAAP EPS was $1.33, up from $0.76; Q4 revenue was $4.2 billion, up 16%
Textron Aviation Q4 revenue rose 36% to $1.7 billion, with 49 jets delivered versus 32 a year earlier
Full-year 2025 manufacturing cash flow before pension contributions was $969 million, up from $692 million
2026 outlook includes manufacturing cash flow of $700 million to $800 million, reflecting increased investment at Bell for the MV-75 program
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.
Otis reported fourth-quarter 2025 net sales of $3.8 billion, up 3%, with GAAP EPS of $0.95 (up 13%) and adjusted EPS of $1.03 (up 11%). For full year 2025, GAAP EPS fell 14% to $3.50 because of a prior-year non-recurring tax benefit, while adjusted EPS rose 6% to $4.05. The company expects 2026 adjusted EPS to rise in the mid to high single digits, with net sales of $15.0 to $15.3 billion.
Q4 2025 Service net sales rose 8% to $2.5 billion, while New Equipment net sales fell 5% to $1.3 billion.
Full year 2025 share repurchases were approximately $800 million, and operating cash flow and adjusted free cash flow were $1.6 billion.
2026 outlook: net sales of $15.0 to $15.3 billion, adjusted operating profit of $2.5 to $2.6 billion, and adjusted free cash flow of $1.6 to $1.7 billion.
V.F. Corporation reported third-quarter fiscal 2026 revenue of $2.88 billion, up 1% from a year earlier, with reported operating income of $289 million and diluted EPS of $0.76 versus $0.43. Adjusted operating income excluding Dickies was $341 million, above the company's guidance of $275 million to $305 million, and the company guided fourth-quarter adjusted operating income of $10 million to $30 million.
Q3 revenue $2,875.8 million vs $2,833.9 million a year earlier; up 4% excluding Dickies on a reported basis.
Reported operating income $289.1 million vs $225.8 million; diluted EPS $0.76 vs $0.43.
Adjusted operating income excluding Dickies $341 million vs guidance of $275 million to $305 million.
Quarterly dividend of $0.09 per share payable March 19, 2026, to holders of record March 10, 2026.
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