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).
On January 23, 2026, Lake Superior Acquisition Corp. entered into a definitive Business Combination Agreement with Openmarkets Group Pty Ltd (OMG), an Australian company, and its seller, BMYG OMG Pty Ltd. The seller would contribute OMG's shares for approximately 30,000,000 Purchaser Shares, with up to 70,000,000 additional shares payable on milestones, which would add substantial new shares for existing holders. Completion depends on Lake Superior shareholder approval, regulatory clearances, and other conditions, and the deal may be terminated if it is not completed by December 31, 2026.
Seller to receive approximately 30,000,000 Purchaser Shares for OMG, each with a deemed value of $10.00, subject to adjustment for net indebtedness, working capital and indemnification.
Up to 70,000,000 additional Purchaser Shares may be issued on milestones: 30,000,000 tied to Australian regulatory approvals and up to 40,000,000 tied to client assets as of December 31, 2028, with performance shares capped at $400,000,000
Closing requires approval by Lake Superior shareholders and governmental and antitrust clearances; either side may terminate if the deal is not completed by December 31, 2026.
Dorian LPG declared an irregular cash dividend of $0.70 per share, about $29.9 million in total, payable February 24, 2026 to holders of record on February 9, 2026. The company also said preliminary results for the quarter ended December 31, 2025 were affected by lower market rates in November and fog in the Houston Ship channel, and that it expects about $1.8 million in additional general and administrative expense.
Irregular dividend of $0.70 per share, about $29.9 million in total; record date February 9, 2026, payable on or about February 24, 2026
Market rates in November for December loadings were lower than in the previous two months
Fog in the Houston Ship channel caused unexpected waiting time, further reducing realized rates
Expected additional G&A expense of about $1.8 million from a higher Annual Cash Incentive plan accrual; full results due February 5, 2026
Aldabra 4 Liquidity Opportunity Vehicle, a Cayman Islands blank check company, closed its initial public offering on January 23, 2026, selling 30,015,000 units at $10.00 each. The full $300.15 million in net proceeds and private placement funds was placed in a trust account for public shareholders, and the company filed an audited balance sheet as of that date. The filing does not name a target business, and the company has until January 23, 2028 to complete a business combination.
30,015,000 units sold at $10.00 each, including 3,915,000 from the full exercise of the over-allotment option, for gross proceeds of $300,150,000
Private placement of 4,866,666 warrants at $1.50 each to the sponsor and underwriters, for gross proceeds of $7,300,000
Trust account holds $300,150,000, including $12,789,000 in deferred underwriting commissions; Continental Stock Transfer & Trust Company is trustee
Company has until January 23, 2028 to complete a business combination; cash outside the trust was $1,813,190 as of January 23, 2026
GXO Logistics said its Chief Accounting Officer, Paul Blanchett, resigned to pursue a new professional opportunity outside the logistics industry, with his last working day on April 24, 2026. The Board appointed Laura Bracken, the company's Vice President Controller, Americas and Asia Pacific, as Interim Chief Accounting Officer effective April 1, 2026, and the filing describes her pay under an offer letter.
Paul Blanchett notified the company on January 23, 2026 of his resignation as Chief Accounting Officer; the filing states there were no disagreements with the company.
Laura Bracken, 52, a Certified Public Accountant, will serve as Interim Chief Accounting Officer effective April 1, 2026, while remaining Vice President Controller.
Bracken's annual base salary remains $300,900, with a $6,000 monthly responsibility allowance from February 1, 2026.
Bracken is eligible for a restricted stock unit grant with a grant date value of $150,000 on August 1, 2026, subject to a successful transition, vesting in three equal annual increments.
Donaldson said COO Richard Lewis will become president and chief executive officer on March 2, 2026, and join the Board of Directors on the same date. Tod Carpenter, who gave notice of retirement on January 28, 2026, will remain as Executive Chairman, which the company says is to facilitate a smooth transition. The change is a planned leadership succession, and the filing gives no change to financial results or guidance.
Richard Lewis, 54, joined Donaldson in 2002 and has served as COO since August 1, 2025
Carpenter's retirement as CEO takes effect at the end of the day on March 1, 2026, and his base salary falls to $880,000 as Executive Chairman
Lewis's base salary rises to $1,088,000 with a cash incentive target of 110% of base salary for the rest of fiscal 2026
Lewis receives incremental equity awards with an aggregate grant date fair value of $942,500
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.
Wells Fargo's independent directors, acting on the Human Resources Committee's recommendation, approved $40 million in total compensation for Chairman and CEO Charles W. Scharf for performance year 2025. The board cited 2025 net income of $21.3 billion, a 17% rise in diluted earnings per share, and returns of about $23 billion to shareholders, which shareholders may weigh as the basis for the award.
Total 2025 compensation of $40 million: $2.5 million base salary and $37.5 million variable pay
Variable pay split into $9.375 million cash and $28.125 million long-term equity, 65% Performance Share awards and 35% Restricted Share Rights
2025 net income rose to $21.3 billion; diluted EPS grew 17% from a year earlier
Return on equity rose to 12.4% in 2025 from 11.4% in 2024; new medium-term ROTCE target of 17-18%
Crane Company's board named Alejandro (Alex) Alcala, currently Executive Vice President and Chief Operating Officer, as President and Chief Executive Officer, effective April 27, 2026. Current CEO Max Mitchell will remain on the board as Executive Chairman. The filing also sets new 2026 pay terms for both executives, which shareholders can review as part of the leadership transition.
Alex Alcala becomes President and CEO effective April 27, 2026; his 2026 base salary rises to $950,000 and target cash incentive to 110% of salary.
Max Mitchell continues as Executive Chairman; his 2026 base salary falls to $900,000, with target cash incentive at 110% of salary.
On January 26, 2026, Alcala received 2026 long-term incentive awards of $4.15 million and Mitchell received $3.25 million.
Long-term awards are 55% performance-based restricted share units tied to relative total shareholder return over three years, 25% stock options and 20% time-based restricted share units, vesting over four years for options and RSUs.
Cavco Industries reported results for the fiscal third quarter ended December 27, 2025. Net revenue rose 11.3% to $581.0 million, helped by higher home sales volume and the September 29, 2025 acquisition of American Homestar, but diluted earnings per share fell 19.1% to $5.58 from $6.90 as income before taxes declined 16.9%.
Net revenue was $581.0 million, up $59 million or 11.3% from $522.0 million a year earlier.
Diluted net income per share was $5.58, down 19.1% from $6.90; net income was $44.1 million versus $56.5 million.
American Homestar contributed $42 million to net revenue and $2.9 million of deal costs were recorded in the quarter.
Stock repurchases were approximately $44 million in the quarter, leaving approximately $98 million available under Board authorizations.
Palo Alto Networks completed its previously announced merger with Chronosphere, Inc. on January 29, 2026, and Chronosphere is now a wholly owned subsidiary. The filing does not disclose the purchase price or financial terms, so shareholders cannot assess the deal's size or financial effect from this document alone.
Closing date: January 29, 2026; Merger Sub merged into Chronosphere, which continues as the surviving corporation.
Chronosphere becomes a wholly owned subsidiary of Palo Alto Networks.
Martin Mao, Chronosphere co-founder and CEO, is joining Palo Alto Networks as SVP, GM Observability.
The Chronosphere Telemetry Pipeline remains available as a standalone product, according to the press release.
The Bancorp reported fourth-quarter 2025 net income of $56.3 million, or $1.28 per diluted share, up from $1.15 a year earlier, and initiated 2026 EPS guidance of $5.90. Management said results fell short of its own expectations and prior guidance, citing transaction volume, slower sponsored credit growth, net interest margin compression and a legal settlement cost. The company repurchased $150.0 million of shares in the quarter and has authorized up to $200 million of repurchases for 2026.
Q4 2025 EPS of $1.28 vs. $1.15 in Q4 2024 (up 11%) and $1.18 in Q3 2025; net income $56.3 million vs. $55.9 million a year earlier
Net interest margin 4.30%, down from 4.55% a year earlier; net interest income $92.1 million vs. $94.3 million
2026 EPS guidance of $5.90, at least $1.75 for Q4 2026, and a preliminary 2027 outlook of $8.25
Q4 2025 share repurchases of $150.0 million; $200 million authorized for 2026, or $50 million per quarter
PennyMac Mortgage Investment Trust reported fourth-quarter 2025 net income attributable to common shareholders of $41.9 million, or $0.48 per share, up from $0.41 a year earlier but down from $0.55 in the third quarter. For the full year, earnings fell to $86.1 million, or $0.99 per share, from $1.37 in 2024, while book value per common share declined from $15.87 to $15.25 and full-year dividends totaled $1.60 per share.
Q4 2025 net income attributable to common shareholders was $41.9 million, or $0.48 per share, versus $0.41 in Q4 2024 and $0.55 in Q3 2025.
Full-year 2025 net income attributable to common shareholders was $86.1 million, versus $119.2 million in 2024; diluted EPS was $0.99 versus $1.37.
Book value per common share was $15.25 at December 31, 2025, up from $15.16 at September 30, 2025.
A Q4 2025 cash dividend of $0.40 per common share was paid on January 23, 2026.
Apple reported fiscal first-quarter 2026 results for the period ended December 27, 2025, with revenue of $143.8 billion, up 16%, and diluted earnings per share of $2.84, up 19%, both described by the company as all-time records. The board also declared a quarterly dividend of $0.26 per share, and the CFO said the company generated nearly $54 billion in operating cash flow and returned almost $32 billion to shareholders. The release does not include guidance for future quarters.
Revenue of $143.8 billion, up 16% from a year earlier; iPhone net sales were $85.3 billion.
Diluted EPS of $2.84, up 19% year over year; net income of $42.1 billion.
Quarterly dividend of $0.26 per share, payable February 12, 2026, to holders of record as of February 9, 2026.
Operating cash flow of nearly $54 billion; almost $32 billion returned to shareholders.
Universal Corporation withdrew its employment offer to Anubhav Mittal, who the Board had elected as Senior Vice President and Chief Financial Officer effective February 17, 2026. Johan C. Kroner will continue as CFO until a successor is elected, and the company expects to name one in the near term.
Board elected Anubhav Mittal as SVP and CFO on January 20, 2026, effective February 17, 2026
Company withdrew its employment offer to Mr. Mittal on January 28, 2026
Johan C. Kroner remains SVP and CFO until a successor is elected
Company anticipates electing a successor in the near term based on its recent executive search
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.
Unitil signed Amendment No. 1 to its Purchase and Sale Agreement with Aquarion Water Authority and South Central Connecticut Regional Water Authority on January 23, 2026. The amendment moves the agreement's termination date from January 23, 2026 to February 23, 2026, and the filing says the rest of the agreement is unchanged. The filing does not state the purchase price, so shareholders can only see that the deadline for the pending acquisition has been extended by one month.
Amendment dated January 23, 2026 replaces January 23, 2026 with February 23, 2026 as the Termination Date in Section 8.1(d).
Original Purchase Agreement dated May 6, 2025 covers all issued and outstanding shares of Aquarion Water Company of Massachusetts, Aquarion Water Company of New Hampshire and Abenaki Water Co., Inc.
Except for the termination date change, the Purchase Agreement remains unchanged, according to the filing.
Seacoast reported fourth-quarter 2025 net income of $34.3 million and net revenues of $203.3 million, up 53% from a year earlier, following its acquisition of Villages Bancorporation, which closed October 1, 2025. Results included $18.1 million in merger and integration costs and $23.4 million in day-one credit provisions tied to that deal. The company also disclosed a pre-tax loss of about $39.5 million from a January 2026 securities sale, which will affect first-quarter 2026 results.
Net revenues were $203.3 million, up $70.4 million, or 53%, from the fourth quarter of 2024.
Net income of $34.3 million included $18.1 million in merger and integration costs and $23.4 million in day-one credit provisions.
Adjusted pre-tax pre-provision earnings were $93.2 million, up 65% from the fourth quarter of 2024.
On January 23, 2026, the company sold securities with a 1.9% average book yield, a pre-tax loss of about $39.5 million, and reinvested about $277 million at a 4.8% yield.
First Financial Bankshares and First Financial Bank said David Bailey will become President and Chief Executive Officer of both entities effective February 1, 2026, succeeding F. Scott Dueser, who will step down as CEO and remain Executive Chairman through the 2028 annual meeting. The change is a planned CEO succession, and the filing does not discuss financial results or the expected effect on the company's performance.
Bailey, age 42, has been President since January 2025 and became CEO effective February 1, 2026.
Dueser steps down as CEO on February 1, 2026, and remains employed as Executive Chairman in an advisory role reporting to the board through the 2028 annual meeting.
Dueser's transition agreement sets annualized base salary of $1,105,000 for 2026, $772,500 for 2027 and $400,000 for 2028, with a 2026 equity award targeted at $900,000.
The company terminated Dueser's August 1, 2022 Executive Recognition Agreement effective January 27, 2026.
Selective Insurance Group reported fourth-quarter 2025 net income of $152.9 million, or $2.52 per diluted share, compared with $1.52 a year earlier, and a combined ratio of 93.8% versus 98.5%. It also issued 2026 guidance calling for a GAAP combined ratio of 96.5% to 97.5%, which shareholders can compare with the 2025 full-year combined ratio of 97.2%.
Q4 2025 net income per diluted share $2.52 vs. $1.52; non-GAAP operating income per share $2.57 vs. $1.62
Q4 2025 net premiums written rose 4% to $1,129.5 million; Standard Personal Lines premiums fell 8%
2026 guidance: GAAP combined ratio 96.5% to 97.5%, after-tax net investment income of $465 million
Quarterly dividend of $0.43 per share payable March 2, 2026; $30 million of buybacks in Q4 2025
Gallagher reported fourth-quarter 2025 revenue before reimbursements of $3,586 million, up from $2,679 million a year earlier, and adjusted diluted EPS of $2.38, up from $2.16. Reported net earnings fell to $154 million from $258 million, and reported diluted EPS fell to $0.58 from $1.12, with the company citing acquisition integration, intangible amortization, workforce and lease termination, and legal, tax and benefit plan costs. For shareholders, top-line growth and adjusted profit rose, while reported profit declined.
Q4 2025 revenue before reimbursements: $3,586 million vs. $2,679 million in Q4 2024
Q4 2025 reported net earnings: $154 million vs. $258 million; reported diluted EPS $0.58 vs. $1.12
Q4 2025 adjusted diluted EPS: $2.38 vs. $2.16; full-year 2025 reported revenue $13,778 million vs. $11,401 million
CFO Commentary, posted on the investor relations page, includes estimates for 2026 and other future results
DXC Technology reported fiscal third-quarter 2026 revenue of $3.19 billion, down 1.0% year over year (down 4.3% on an organic basis), and non-GAAP diluted EPS of $0.96, up 4.3%. The company narrowed its full-year fiscal 2026 non-GAAP EPS guidance to about $3.15 from $2.85 to $3.35, while trimming its revenue outlook, so shareholders see mixed signals on sales versus profit.
Q3 revenue $3.19 billion, down 1.0% year over year; adjusted EBIT $263 million, down 8.0%
GAAP diluted EPS $0.61, up 96.8%; non-GAAP diluted EPS $0.96, up 4.3%
FY2026 non-GAAP diluted EPS guidance of about $3.15, versus prior range of $2.85 to $3.35
Bookings $3.6 billion, down 17% year over year; free cash flow $266 million in the quarter
Sezzle Inc. said its Board appointed Senior Vice President of Corporate Development and Investor Relations Lee Brading as Chief Financial Officer, effective February 1, 2026. CFO Karen Hartje steps down from the role on January 31, 2026, and will serve as a consultant under a consulting agreement dated November 1, 2025. The filing discloses no financial results, but the change in the company's principal financial officer is a significant leadership transition for shareholders.
Lee Brading, age 58, joined Sezzle in April 2020 and most recently served as SVP of Corporate Development and Investor Relations.
Brading's employment agreement sets a $450,000 annual base salary and equity compensation with a target value of $2,000,000 in restricted stock units vesting over four years.
Brading's target bonus is 50% of base salary under the profit-sharing incentive plan, prorated for 2026.
Hartje's CFO role ends January 31, 2026, after nearly eight years as CFO, per the press release.
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.
Eastman reported fourth-quarter 2025 sales of $1,973 million, down 12% from $2,245 million a year earlier, and adjusted diluted EPS of $0.75 versus $1.87. For full-year 2025, adjusted EPS fell to $5.42 from $7.89, and operating cash flow was $970 million versus $1,287 million. The company raised its cost reduction target for 2026 to $125 million to $150 million and guided first-quarter 2026 adjusted EPS to $1.00 to $1.20, but gave no full-year adjusted EPS range.
Q4 2025 sales revenue $1,973 million, down 12%; GAAP diluted EPS $0.92 versus $2.82 a year earlier
FY2025 adjusted EPS $5.42 versus $7.89 in FY2024; cash from operations $970 million versus $1,287 million
2026 cost reduction actions increased to $125 million to $150 million
Q1 2026 adjusted EPS guided to $1.00 to $1.20, excluding possible impact of winter storms; no full-year adjusted EPS range given
John B. Sanfilippo & Son reported fiscal 2026 second-quarter results for the period ended December 25, 2025. Net sales rose 4.6% to $314.8 million and diluted earnings per share rose 31.9% to $1.53, although sales volume fell 9.7%, with higher selling prices driving the revenue gain. Shareholders received higher profit per share, while the company said it has navigated headwinds from shifting consumer behavior and elevated retail selling prices.
Net sales rose $13.7 million, or 4.6%, to $314.8 million, driven by a 15.8% increase in weighted average selling price per pound
Diluted EPS was $1.53 versus $1.16 a year earlier; six-month diluted EPS was $3.12, up 44.4%
Sales volume fell 9.7% to 87.0 million pounds; gross profit margin rose to 18.8% of net sales from 17.4%
A special dividend of $1.00 per share was distributed at the start of the third quarter; an investor call is set for January 30, 2026
On January 27, 2026, U.S. Bancorp's board adopted the U.S. Bank Executive Change in Control Severance Plan, covering executive officers and certain other officers, including its named executive officers. The plan provides lump-sum severance if a participant is involuntarily terminated without Cause or resigns for Good Reason within 24 months after a Change in Control. The filing does not give a dollar cost for the plan.
Adopted by the board on January 27, 2026, on the recommendation of the Compensation and Human Resources Committee
Severance equals two times annual base salary plus two times target annual incentive, a pro-rata target incentive, and six months of employer health plan cost
Benefits require a release of claims, confidentiality and non-solicitation agreements, and a non-compete where permitted by law
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
Schwab appointed Dennis Howard, its Chief Information Officer since 2022, as Managing Director, Chief Technology, Operations and Data Officer, effective immediately. The same January 29, 2026 announcement disclosed several other leadership changes, including the retirements of Charles Schwab Bank CEO Paul Woolway and General Auditor Mitch Mantua on July 1, 2026, which shareholders may view as part of a broader succession plan.
Dennis Howard, age 57, appointed Managing Director, Chief Technology, Operations and Data Officer effective January 29, 2026; he had been CIO since 2022 and his role now adds operations.
Paul Woolway, CEO of Charles Schwab Bank, retires July 1, 2026; Tyler Woulfe succeeds him as President and CEO of the bank.
Mitch Mantua, General Auditor, retires July 1, 2026; Jessica Bramhall becomes General Auditor on the same date.
Neesha Hathi will lead a newly created Wealth Advisory and Banking Services organization, including Charles Schwab Bank, effective July 1, 2026.
Labcorp amended its receivables purchase agreement on January 28, 2026, extending the scheduled termination date to January 26, 2029. The amendment adds a committed $125 million accordion that lets the subsidiary raise the facility limit from $700 million to up to $825 million on or before May 29, 2026. The filing describes this as a financing update rather than a change in operating results.
Scheduled termination date extended to January 26, 2029
Committed $125 million accordion lets facility limit rise from $700 million to up to $825 million by May 29, 2026
Removed the 0.10% SOFR adjustment previously added to capital accruing yield
Labcorp Receivables assets are not available to pay Labcorp's other creditors
FedEx France proposed a transformation program on January 23, 2026, to modernize its domestic operations in France, which may reduce up to 500 operational positions and change locations or schedules for up to 800 team members. FedEx expects pre-tax costs of $175 million to $275 million, mostly cash, through fiscal 2028, and the plan is subject to local consultation. FedEx also named Scott L. Ray to a US and Canada operations role and said John A. Smith will lead FedEx Freight after its spin-off, expected June 1, 2026.
Up to 500 operational positions may be reduced in France, and up to 800 team members may see changes to work locations or schedules.
Pre-tax costs for severance, legal and professional fees, and lease terminations are expected to range from $175 million to $275 million, substantially all in cash, through fiscal 2028.
Execution is expected over about 18 months and depends on local consultation processes, and actual amounts may differ from current estimates.
Scott L. Ray was named Chief Operating Officer, United States and Canada, of Federal Express Corporation, effective June 1, 2026; John A. Smith will lead FedEx Freight after its spin-off, expected June 1, 2026.
Gentherm entered definitive agreements on January 29, 2026, to combine with Modine's Performance Technologies business through a Reverse Morris Trust transaction. After the spin-off and merger, Gentherm's existing shareholders would own about 60.0% of the combined company and former SpinCo shareholders about 40.0%, on a fully diluted basis. The deal requires Gentherm shareholder approval and other conditions, so shareholders will have to weigh the terms once the filing is complete.
Modine will spin off its Performance Technologies business as SpinCo, which will then merge with a Gentherm subsidiary.
Gentherm shareholders would own about 60.0% and former SpinCo shareholders about 40.0% of Gentherm common stock, on a fully diluted basis.
SpinCo will pay Modine $210 million in cash before the distribution, subject to adjustment.
Closing requires Gentherm shareholder approval and a 364-day bridge loan facility is expected to be replaced with permanent financing.
Dolby reported fiscal first-quarter 2026 revenue of $347 million, down from $357 million a year earlier, and GAAP diluted EPS of $0.55, down from $0.70. The company also gave fiscal 2026 revenue guidance of $1.4 billion to $1.45 billion and declared a $0.36 per share cash dividend.
Q1 GAAP net income was $53 million, or $0.55 per diluted share, versus $68 million, or $0.70, a year earlier.
Q1 non-GAAP diluted EPS was $1.06, compared with $1.14 in the prior-year quarter.
Fiscal 2026 full-year revenue is expected at $1.4 billion to $1.45 billion; fiscal Q2 revenue is estimated at $375 million to $405 million.
Dividend of $0.36 per share is payable February 18, 2026, to holders of record as of February 10, 2026.
Old National Bancorp completed the issuance and sale of $450 million in subordinated notes due 2036 on January 29, 2026, with net proceeds of approximately $446.6 million before offering expenses. The company said it intends to use the proceeds for general corporate purposes. The notes add long-term debt to the company's balance sheet, and they rank junior to the company's senior indebtedness.
Principal amount: $450 million of 5.768% Fixed-to-Floating Rate Subordinated Notes due February 15, 2036
Net proceeds of approximately $446.6 million after a 0.75% underwriting discount, before offering expenses
Fixed rate applies until February 15, 2031; floating rate then at Three-Month Term SOFR plus 220 basis points
Notes are not guaranteed by subsidiaries and are structurally subordinated to liabilities of Old National Bank
Western Digital reported fiscal second quarter 2026 revenue of $3.02 billion, up 25% from a year earlier, with non-GAAP diluted EPS of $2.13 versus $1.20. GAAP diluted EPS of $4.73 included a $1.1 billion gain on the company's retained interest in Sandisk, which the company excludes from its non-GAAP results. For fiscal third quarter 2026, the company expects revenue of $3.2 billion and non-GAAP diluted EPS of $2.30 at the mid-point of its ranges.
Q2 revenue of $3.02 billion, up 25% year over year; non-GAAP gross margin 46.1%
Non-GAAP diluted EPS of $2.13 versus $1.20 a year earlier; GAAP diluted EPS of $4.73 versus $1.27
Q3 guidance at mid-point: revenue of $3.2 billion and non-GAAP diluted EPS of $2.30; quarterly dividend of $0.125 payable March 18, 2026
Carpenter Technology reported second quarter fiscal 2026 results on January 29, 2026, with net sales of $728.0 million and EPS of $2.09, up from $1.66 a year earlier, while sequential EPS fell from $2.43. The company raised its outlook for adjusted free cash flow to at least $280 million for fiscal 2026 and expects fiscal 2026 operating income 30% to 33% above fiscal 2025.
Q2 fiscal 2026 net sales were $728.0 million, up from $676.9 million a year earlier, and operating income was $155.2 million, up 31% year over year.
Diluted EPS was $2.09 versus $1.66 a year earlier; excluding a $12.0 million after-tax debt extinguishment loss, adjusted EPS was $2.33.
The company now expects at least $280 million of adjusted free cash flow in fiscal 2026 and fiscal 2026 operating income 30% to 33% higher than fiscal 2025.
During the quarter, Carpenter repurchased $32.1 million of stock; $183.1 million of the $400.0 million authorization has been completed.
Axos Financial reported fiscal second-quarter 2026 net income of $128.4 million, or $2.22 per diluted share, for the quarter ended December 31, 2025, up from $104.7 million, or $1.80 per diluted share, a year earlier. Net interest income rose 18.4% to $331.7 million, and non-interest income more than doubled to $53.4 million, which the company attributed in part to its Verdant Commercial Capital acquisition. The filing does not include updated guidance.
Net income rose 22.6% to $128.4 million; diluted EPS was $2.22 versus $1.80, and adjusted EPS was $2.25 versus $1.82.
Net interest income increased 18.4% to $331.7 million, and net interest margin was 4.94% versus 4.83% a year earlier.
Provision for credit losses rose to $25.0 million from $12.2 million, which the company said was primarily driven by loan growth and macroeconomic variables; net loans grew $1.6 billion in the quarter.
Stryker reported fourth-quarter 2025 net sales of $7.2 billion, up 11.4%, with reported diluted EPS of $2.20, up 56.0%, and adjusted EPS of $4.47, up 11.5%. For full-year 2025, net sales reached $25.1 billion and adjusted EPS was $13.63, and the company expects 2026 adjusted EPS of $14.90 to $15.10 and organic sales growth of 8.0% to 9.5%.
Q4 2025 reported net sales $7.2 billion, up 11.4%; organic growth 11.0%
Q4 reported diluted EPS $2.20 (up 56.0%), boosted by a $589 million tax benefit; adjusted EPS $4.47 (up 11.5%)
Weyerhaeuser reported fourth quarter 2025 net earnings of $74 million, or 10 cents per diluted share, on net sales of $1.5 billion, down from $81 million and $1.7 billion a year earlier. Excluding special items, including a $141 million after-tax net benefit, the company posted a fourth quarter net loss of $67 million, and full year 2025 earnings before special items fell to $143 million from $384 million, which weighs on shareholders.
Q4 2025 net earnings were $74 million, or $0.10 per diluted share, versus $81 million, or $0.11, in Q4 2024; net sales were $1.5 billion versus $1.7 billion.
Q4 2025 Adjusted EBITDA was $140 million, compared with $294 million in Q4 2024.
Full year 2025 net earnings were $324 million, or $0.45 per diluted share, versus $396 million in 2024; full year earnings before special items were $143 million, or $0.20 per share, versus $384 million.
Real Estate, Energy & Natural Resources expects full year 2026 Adjusted EBITDA of approximately $425 million; Timberlands expects Q1 2026 earnings before special items comparable to Q4 2025.
Sandisk reported fiscal second quarter 2026 results for the quarter ended January 2, 2026, with revenue of $3.03 billion, up 61% from a year earlier, and GAAP net income of $803 million, or $5.15 per diluted share. The company also guided fiscal third quarter revenue to $4.40 billion to $4.80 billion and non-GAAP diluted earnings per share to $12.00 to $14.00, both above the second-quarter levels. The filing shows a large year-over-year increase in reported profit, and the outlook is a forecast that actual results may not match.
Q2 revenue was $3.03 billion, up 61% from $1.88 billion a year earlier and up 31% from $2.31 billion in Q1.
GAAP net income was $803 million ($5.15 diluted per share), versus $104 million ($0.72 per share) a year earlier; non-GAAP diluted EPS was $6.20.
Q3 fiscal 2026 guidance: revenue of $4.40 billion to $4.80 billion and non-GAAP diluted EPS of $12.00 to $14.00.
Datacenter revenue was $440 million in Q2, up 64% from Q1.
Deckers reported record third-quarter fiscal 2026 net sales of $1.958 billion, up 7.1%, and diluted earnings per share of $3.33, up 11% from $3.00. The company raised its full-year fiscal 2026 diluted EPS guidance to $6.80 to $6.85 and its HOKA and UGG revenue growth outlooks, and expects share repurchases to exceed $1.0 billion for the year.
Q3 net sales rose 7.1% to $1.958 billion; HOKA rose 18.5% to $628.9 million and UGG rose 4.9% to $1.305 billion.
Q3 gross margin was 59.8%, down from 60.3% a year earlier; operating income rose to $614.4 million from $567.3 million.
Full-year fiscal 2026 net sales outlook is $5.400 billion to $5.425 billion; gross margin is now expected to be approximately 57%.
Repurchased about 8.0 million shares for $813.5 million in the first nine months; about $1.8 billion remained under the authorization as of December 31, 2025.
StandardAero completed a secondary offering of 57,500,000 shares by Carlyle-affiliated and GIC-affiliated selling stockholders at $31.00 per share, and the company did not receive any proceeds from it. Alongside the offering, the company repurchased 1,637,465 shares from the GIC-affiliated holder at $30.535 per share, and those shares are no longer outstanding, which reduces the share count.
Offering of 57,500,000 shares at $31.00 per share completed January 29, 2026, including 7,500,000 shares from the underwriters' option
Company received no proceeds from the selling stockholders' sale of shares
Company repurchased 1,637,465 shares at $30.535 per share, the offering price less underwriting discounts, under its December 2025 repurchase program
Underwriting agreement dated January 27, 2026, with Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC as representatives
KLA reported fiscal second-quarter 2026 revenue of $3.30 billion and GAAP diluted EPS of $8.68, both above the midpoints of its guidance ranges, and said the quarter was a record for revenue, non-GAAP operating income and free cash flow. Revenue rose from $3.08 billion a year earlier, and GAAP net income rose to $1.15 billion from $825 million, which included a $239.1 million impairment charge in the prior-year quarter. The company guided third-quarter fiscal 2026 revenue to $3.35 billion, plus or minus $150 million, and non-GAAP diluted EPS to $9.08, plus or minus $0.78.
Q2 fiscal 2026 total revenues were $3.30 billion, versus $3.08 billion in Q2 fiscal 2025 and $3.21 billion in Q1 fiscal 2026
GAAP diluted EPS was $8.68 and non-GAAP diluted EPS was $8.85, compared with $6.16 and $8.20 a year earlier
Free cash flow was $1.26 billion for the quarter and capital returns were $797.4 million
Schneider National reported fourth quarter 2025 operating revenues of $1.4 billion, up 5% from a year earlier, but income from operations fell 14% to $36.5 million and diluted earnings per share fell to $0.13 from $0.18. CEO Mark Rourke said results fell short of the company's guidance because of softer demand beginning in November, higher third-party carrier costs, and unplanned auto production shutdowns. The company guided 2026 adjusted diluted earnings per share to $0.70 to $1.00.
Q4 2025 operating revenues were $1.4 billion, up from $1.3 billion in Q4 2024; income from operations was $36.5 million versus $42.4 million.
Diluted EPS was $0.13 versus $0.18; adjusted diluted EPS was $0.13 versus $0.20.
Full-year 2026 adjusted diluted EPS guidance is $0.70 to $1.00, with net capital expenditures of $400 million to $450 million.
The board authorized a new $150.0 million stock repurchase program in January 2026, replacing the expiring program.
The Hartford reported fourth quarter 2025 net income available to common stockholders of $1.1 billion, or $3.98 per diluted share, up 33% from $848 million a year earlier. For full year 2025, net income rose 23% to $3.8 billion, or $13.32 per diluted share, and the company returned $2.2 billion to stockholders through buybacks and dividends.
Q4 2025 net income $1.1 billion ($3.98 per diluted share) vs. $848 million ($2.88) in Q4 2024
Full year 2025 net income $3.8 billion ($13.32 per diluted share) vs. $3.1 billion ($10.35) in 2024
Full year 2025 core earnings ROE of 19.4%; book value per diluted share $66.31 at Dec. 31, 2025
Q4 2025 shareholder returns of $546 million, including $400 million of share repurchases
MaxLinear reported unaudited fourth-quarter 2025 net revenue of $136.4 million, up 48% from a year earlier and 8% from the prior quarter, with a GAAP net loss of $14.9 million, or $0.17 per diluted share, compared with a loss of $0.68 a year earlier. The company guided first-quarter 2026 net revenue to approximately $130 million to $140 million and repurchased $20 million of its common stock in the quarter.
Q4 2025 net revenue was $136.4 million, up 48% year over year and 8% sequentially.
GAAP diluted loss per share was $0.17, versus $0.68 in Q4 2024; non-GAAP diluted EPS was $0.19.
Full-year 2025 net revenue was $467.6 million, up 30%, and GAAP net loss was $136.7 million, versus $245.2 million in 2024.
Q1 2026 net revenue guidance is approximately $130 million to $140 million; the company repurchased $20 million of stock in Q4.
Visa reported fiscal first-quarter results for the period ended December 31, 2025, with net revenue up 15% to $10.9 billion and GAAP net income up 14% to $5.9 billion. The company also declared a quarterly dividend of $0.670 per class A share, payable March 2, 2026, which shows continued cash returns to shareholders, though GAAP results include a $707 million litigation provision.
Net revenue was $10.9 billion, up 15%; GAAP earnings per share were $3.03, up 17%, and non-GAAP EPS was $3.17, up 15%.
GAAP results included a $707 million litigation provision tied to the interchange multidistrict litigation, and a $333 million deferred tax benefit.
Share repurchases and dividends totaled $5.1 billion in the quarter, with $21.1 billion of repurchase authorization remaining as of December 31, 2025.
Quarterly dividend of $0.670 per class A share declared January 27, 2026; record date February 10, 2026; payable March 2, 2026.
AppFolio reported fourth-quarter 2025 revenue of $248 million, up 22% from a year earlier, and GAAP operating income of $44 million, up from $23 million. Q4 net income fell to $40 million from $103 million, because the prior-year quarter included a large income tax benefit. The company also gave its first fiscal 2026 outlook, calling for revenue of $1.1 billion to $1.12 billion.
Q4 2025 revenue rose 22% year over year to $248 million; fiscal 2025 revenue rose 20% to $951 million.
Q4 2025 GAAP diluted EPS was $1.10, versus $2.79 a year earlier; fiscal 2025 GAAP diluted EPS was $3.88, versus $5.55.
Fiscal 2026 outlook: revenue of $1.1 billion to $1.12 billion, non-GAAP operating margin of 25.5% to 27.5%, and 36 million to 37 million diluted shares.
ResMed reported results for the quarter ended December 31, 2025, with revenue up 11% to $1.4 billion and GAAP diluted earnings per share up 15% to $2.68. The company also declared a quarterly cash dividend of $0.60 per share, with a record date of February 12, 2026, and payment on March 19, 2026.
Revenue of $1,422.8 million, up 11% (9% in constant currency) from $1,282.1 million a year earlier
GAAP diluted EPS of $2.68 versus $2.34; non-GAAP diluted EPS of $2.81 versus $2.43
Operating cash flow of $340 million; $6 million of restructuring charges recorded in the quarter
Quarterly dividend of $0.60 per share; ex-dividend date February 11, 2026
OSI Systems reported fiscal second-quarter 2026 revenue of $464 million, up 11% year over year, and record non-GAAP diluted EPS of $2.58, up 7%. The company raised its fiscal 2026 non-GAAP EPS guidance to $10.30 to $10.55 while keeping its prior revenue guidance unchanged. GAAP diluted EPS was flat at $2.22.
Q2 revenue of $464 million, up 11% year over year; GAAP diluted EPS flat at $2.22; non-GAAP diluted EPS of $2.58, up 7%
Fiscal 2026 non-GAAP diluted EPS guidance raised to $10.30 to $10.55, representing 10% to 13% growth; revenue guidance maintained
Backlog was $1.8 billion as of December 31, 2025; Security bookings were softer than expected, partly due to the U.S. government shutdown
Operating cash flow was $62 million in Q2, compared with $52.5 million a year earlier
Credit Acceptance reported GAAP net income of $122.0 million, or $10.99 per diluted share, for the three months ended December 31, 2025, down from $151.9 million, or $12.26 per diluted share, a year earlier. Adjusted net income was flat at $126.0 million, while adjusted earnings per diluted share rose to $11.35 from $10.17, and Consumer Loan unit volume fell 9.1%, which shareholders may weigh against the profit trend.
GAAP net income was $122.0 million, or $10.99 per diluted share, versus $151.9 million, or $12.26 per diluted share, in the fourth quarter of 2024.
Adjusted net income per diluted share was $11.35, up from $10.17 a year earlier; adjusted net income was $126.0 million in both periods.
Consumer Loan unit volume declined 9.1% and dollar volume declined 11.3% year over year in the fourth quarter.
A $35.8 million contingent loss tied to previously disclosed legal matters was excluded from adjusted results; cumulative contingent losses reached $82.6 million, and a potential cash payment of $75.5 million is cited in preliminary settlem
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