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).
Rayonier closed its merger with PotlatchDeltic on January 30, 2026, converting each PotlatchDeltic share into 1.8185 Rayonier common shares and $0.61 in cash. The Rayonier board was reconstituted to ten directors, and the combined company will keep the Rayonier name and trade under RYN starting February 2, 2026.
Each PotlatchDeltic common share converted into 1.8185 Rayonier common shares plus $0.61 in cash
Rayonier issued approximately 140.9 million common shares in connection with the merger
Eric J. Cremers, former PotlatchDeltic CEO, became Executive Chairman for a two-year term; Scott R. Jones became Lead Independent Director
Mark D. McHugh will serve as President and CEO for a four-year term, with an annual base salary of $950,000
Mondelez International said CFO Luca Zaramella will also serve as Chief Operating Officer starting February 1, 2026, overseeing commercial operations in its four geographical regions and the corporate sales, marketing and supply chain functions. The company is searching for a successor for the CFO role and expects to announce one at a later date, so the leadership change is not yet complete for shareholders.
Zaramella, 56, has been CFO since August 2018 and joined the company in 1996.
Zaramella's COO role takes effect February 1, 2026, in addition to his CFO duties.
Approved 2026 pay: base salary of $1,250,000, target annual incentive of 150% of base salary, and long-term incentive target value of $7,225,000.
The company is conducting a search for a CFO successor and expects to announce one at a later date.
NRG Energy completed its acquisition of 18 natural-gas-fired generation facilities and the CPower virtual power plant platform from LS Power, which the company says doubles its generation fleet to about 25 GW. The purchase price included $6.4 billion in cash, 24,250,000 newly issued NRG common shares, and about $3.2 billion of assumed debt, so the deal adds both cash and debt obligations and dilutes existing holders.
Purchase price: $6.4 billion in cash, 24,250,000 shares of common stock issued to sellers, and about $3.2 billion of assumed debt.
Acquired 18 natural-gas-fired facilities totaling about 13 GW, plus CPower's commercial and industrial VPP platform.
Cash portion funded partly by October 8, 2025 notes ($1.25 billion senior secured and $3.65 billion senior unsecured) and revolver borrowings.
Sellers' shares are locked up until July 30, 2026; NRG must file a Form S-3 resale registration for those shares; $1,500 million Lightning notes due 2032 and a $1.75 billion term loan were also disclosed.
SM Energy completed its all-stock merger with Civitas Resources on January 30, 2026, and the combined company will keep the SM ticker. The company also amended its credit agreement, raising lender commitments and the borrowing base and extending the facility's maturity, and it assumed Civitas's senior notes, which now add to its debt.
Both companies' stockholders approved the merger on January 27, 2026; Beth McDonald became CEO and the board grew to 11 members.
Revolving commitments rose from $2.0 billion to $2.5 billion, the borrowing base rose from $3.0 billion to $5.0 billion, and maturity was extended to January 30, 2031.
The company assumed five series of Civitas senior notes, with coupons from 5.000% to 9.625% and maturities from 2026 to 2033.
The company said it expects $200 million to $300 million in annual synergies and at least $1.0 billion in divestitures over the next year.
Tompkins Financial reported fourth-quarter 2025 GAAP diluted earnings per share of $6.70, up from $1.37 a year earlier, with net income of $96.2 million. The increase was driven mainly by a $188.2 million pre-tax gain on the sale of Tompkins Insurance Agencies to Arthur J. Gallagher & Co., partly offset by a $78.7 million pre-tax loss on securities sales. The company also declared a $0.67 per-share dividend, and its non-GAAP operating diluted EPS was $1.78.
GAAP diluted EPS of $6.70 for Q4 2025 vs. $1.37 for Q4 2024; net income of $96.2 million vs. $19.7 million
Sale of Tompkins Insurance Agencies to Arthur J. Gallagher & Co. for about $223.0 million in cash produced a $188.2 million pre-tax gain
Sale of $564.2 million of available-for-sale securities produced a $78.7 million pre-tax loss; non-GAAP operating diluted EPS was $1.78
Board declared $0.67 per share dividend on January 29, 2026, payable February 22, 2026, to holders of record February 13, 2026
Moog reported record fiscal first quarter 2026 net sales of $1.1 billion, up 21% from the prior-year quarter, and diluted earnings per share of $2.46, up 38%. The company raised its fiscal 2026 net sales and adjusted EPS guidance, while free cash flow was a use of $79 million in the quarter.
Net sales rose 21% to $1.1 billion; diluted EPS was $2.46 versus $1.78 a year earlier
FY 2026 net sales guidance raised to $4.3 billion from $4.2 billion; adjusted diluted EPS guidance raised to $10.20 from $10.00
Free cash flow was negative $79 million in the quarter, driven primarily by inventory build and payment timing
Board declared a quarterly dividend of $0.30 per share, payable February 26, 2026, to holders of record as of February 17, 2026
Illumina completed its acquisition of SomaLogic and related aptamer-based and functional proteomics assets from Standard BioTools on January 30, 2026, paying $350 million in cash at closing, subject to customary adjustments. The deal adds up to $75 million in potential milestone payments and royalties tied to product and service revenue, and Illumina said it funded the purchase with cash on hand. The filing does not give financial results for the acquired business, which Illumina said it will discuss on its February 5, 2026 earnings call.
Purchase price of $350 million in cash at closing, subject to customary adjustments
Up to $75 million in potential milestone payments to Standard BioTools, plus royalty streams
Transaction completed January 30, 2026; agreement dated June 22, 2025
Illumina will discuss the financial implications on its February 5, 2026 earnings call
Verizon said its 2026 earnings and cash flow expectations rest on significant changes to its cost structure and market strategy. The company plans to return about $55 billion to stockholders through dividends and buybacks through the end of 2028, and its board declared a higher quarterly dividend and a new $25 billion share repurchase authorization.
Quarterly dividend declared at $0.7075 per share, payable May 1, 2026, to holders of record on April 10, 2026
Annualized dividend increase of $0.07 per share, or 2.5%
New share repurchase program authorized for up to $25 billion of common stock
Company expects to repurchase at least $3 billion of common stock in 2026
First Hawaiian reported fourth-quarter 2025 net income of $69.9 million, or $0.56 per diluted share, down from $73.8 million, or $0.59 per share, in the prior quarter but up from $52.5 million, or $0.41 per share, a year earlier. The Board also adopted a stock repurchase program of up to $250.0 million and declared a quarterly dividend of $0.26 per share.
Net income $69.9 million vs $73.8 million in Q3 2025 and $52.5 million in Q4 2024
Diluted EPS $0.56 vs $0.59 in Q3 2025 and $0.41 in Q4 2024
Provision for credit losses $7.7 million vs $4.5 million in Q3 2025
Board adopted a repurchase program for up to $250.0 million; quarterly dividend of $0.26 payable February 27, 2026
Colgate-Palmolive reported fourth quarter 2025 net sales up 5.8% to $5,230 million, but GAAP diluted EPS was $(0.05) versus $0.90 a year earlier, driven by a $794 million after-tax goodwill and intangible asset impairment tied to the skin health business. Excluding these items, Base Business EPS rose 4% to $0.95. The company also guided 2026 net sales growth of 2% to 6% and GAAP double-digit EPS growth.
Q4 2025 net sales rose 5.8% to $5,230 million; organic sales rose 2.2%.
GAAP diluted EPS was $(0.05), down 106%, after a $794 million after-tax impairment charge on skin health goodwill and intangibles.
Base Business EPS rose 4% to $0.95; full-year 2025 GAAP EPS fell 25% to $2.63.
2026 guidance: net sales up 2% to 6%, organic sales growth of 1% to 4%, and GAAP double-digit EPS growth.
IES Holdings reported fiscal 2026 first-quarter revenue of $871 million, up 16%, and operating income of $97.7 million, up 31%. Diluted EPS was $4.51 versus $2.72, though the result includes a $16.9 million unrealized gain on marketable securities, and the company completed its $192.0 million acquisition of Gulf Island Fabrication after quarter end.
Revenue of $871 million, up 16% from $750 million; operating income of $97.7 million, up 31% from $74.6 million.
Diluted EPS of $4.51 vs $2.72; diluted adjusted EPS of $3.71 vs $2.64, excluding the $16.9 million securities gain.
Residential revenue fell 11% to $284.1 million, and segment operating income dropped to $8.9 million from $23.8 million.
Acquired Gulf Island Fabrication in January 2026 for an aggregate equity value of $192.0 million; the company reported $88.8 million cash and no debt at quarter end.
Church & Dwight reported fourth-quarter 2025 net sales of $1,644.2 million, up 3.9%, and adjusted EPS of $0.86, up 11.7%, while reported EPS fell to $0.60 after a $45.6 million after-tax charge tied to its VMS exit. For 2026, the company expects organic sales growth of 3% to 4% and adjusted EPS growth of 5% to 8%, while reported sales are expected to decline 0.5% to 1.5% because of 2025 business exits.
Q4 2025 organic sales rose 0.7%, below the company's outlook of approximately 1.5%.
Full-year 2025 net sales were $6,203.2 million, up 1.6%, and reported diluted EPS was $3.02 versus $2.37 in 2024.
The quarterly dividend rises 4.2% to $0.3075 per share, payable March 2, 2026.
The company expects Q1 2026 adjusted EPS of $0.92 per share and repurchased $900 million of shares in 2025.
American Express reported full-year 2025 revenue net of interest expense of $72.2 billion, up 10%, and diluted EPS of $15.38, up 10% from $14.01. The company forecast 2026 revenue growth of 9% to 10% and EPS of $17.30 to $17.90, and plans to raise its quarterly dividend about 16%. These figures point to continued growth and higher dividend payments for shareholders, though the 2026 outlook is forward-looking and subject to the risks listed in the filing.
Full-year 2025 net income was $10.8 billion, up 7% from $10.1 billion; EPS excluding the prior-year Accertify gain rose 15% to $15.38.
Fourth-quarter 2025 net income was $2.46 billion, up 13%, and diluted EPS was $3.53, up 16%.
2026 guidance calls for revenue growth of 9% to 10% and EPS of $17.30 to $17.90.
The quarterly dividend is planned to rise about 16%, from $0.82 to $0.95 per share, starting with the first-quarter 2026 declaration.
LyondellBasell reported a fourth-quarter 2025 net loss of $140 million, or $0.45 per diluted share, on sales of $7,091 million, compared with a $890 million loss on $7,727 million of sales in the prior quarter. For full year 2025, the company posted a net loss of $738 million after net income of $1,367 million in 2024, with sales down to $30,153 million from $33,394 million. The company also raised its Cash Improvement Plan target to $1.3 billion by the end of 2026, which it says supports cash generation for shareholders.
Q4 2025 net loss of $140 million, or $0.45 per diluted share, versus a net loss of $603 million in Q4 2024
Full year 2025 net loss of $738 million, or $2.34 per diluted share, versus net income of $1,367 million in 2024
Excluding identified items, full year 2025 earnings were $1.70 per diluted share, compared with $6.22 in 2024
Cash Improvement Plan target raised from $1.1 billion to $1.3 billion by year-end 2026; 2026 capital expenditures planned at $1.2 billion
Verizon reported fourth-quarter 2025 revenue of $36.4 billion, up 2.0% from a year earlier, and 616,000 postpaid phone net additions, up from 504,000. Reported EPS fell to $0.55 from $1.18 as selling, general and administrative expense rose 26.0%, while adjusted EPS, which excludes special items, was $1.09. The company also guided to 2026 adjusted EPS of $4.90 to $4.95 and free cash flow of $21.5 billion or more, and said the Frontier acquisition closed on January 20, 2026.
Q4 2025 total operating revenue $36.4 billion, up 2.0%; net income $2.4 billion versus $5.1 billion a year earlier
Q4 2025 EPS $0.55 (diluted $0.55 vs $1.18) and adjusted EPS $1.09; full-year 2025 EPS $4.06 and adjusted EPS $4.71
2026 outlook: adjusted EPS $4.90 to $4.95, 750,000 to 1.0 million postpaid phone net additions, free cash flow of $21.5 billion or more
Frontier acquisition closed January 20, 2026, expanding fiber access to over 30 million homes and businesses
ArcBest reported fourth quarter 2025 revenue of $972.7 million, down from $1.0 billion a year earlier, and a net loss from continuing operations of $8.1 million, or $0.36 per diluted share, which included a $9.1 million after-tax noncash impairment charge. For full-year 2025, revenue was $4.0 billion versus $4.2 billion, and net income from continuing operations fell to $60.1 million, or $2.62 per diluted share, from $173.4 million, a figure that included a $67.9 million after-tax benefit from a reduction in contingent consideration. The company returned more than $86 million to shareholders in 2025 through share repurchases and dividends.
Q4 2025 net loss from continuing operations of $8.1 million ($0.36 per diluted share) versus net income of $29.0 million ($1.24 per diluted share) in Q4 2024
Full-year 2025 non-GAAP net income of $84.8 million ($3.70 per diluted share) versus $149.7 million ($6.28 per diluted share) in 2024
Asset-Light operating loss of $15.3 million for 2025 versus operating income of $58.4 million in 2024
$100.8 million of share repurchase authorization remained as of January 28, 2026
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
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
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.
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
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.
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.
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
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.
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.
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.
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.
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
SL Green reported a fourth-quarter 2025 net loss attributable to common stockholders of $104.6 million, or $1.49 per share, compared with net income of $9.4 million, or $0.13 per share, a year earlier. Revenue rose to $276.5 million from $245.9 million, but funds from operations (FFO) fell to $1.13 per share from $1.81, so shareholders saw higher sales alongside a sharp drop in profit measures.
Q4 2025 total revenues were $276.5 million, up from $245.9 million in Q4 2024
Q4 2025 net loss to common stockholders was $104.6 million ($1.49 per diluted share), versus net income of $9.4 million ($0.13) in Q4 2024
Q4 2025 FFO was $1.13 per diluted share versus $1.81 a year earlier; full-year 2025 FFO was $5.72 versus $8.11
Manhattan same-store office occupancy rose to 93.0% as of December 31, 2025, from 92.4% at September 30, 2025
Cullen/Frost reported fourth-quarter 2025 net income available to common shareholders of $164.6 million, up 7.4% from a year earlier, and full-year 2025 net income available to common shareholders of $641.9 million, up 11.5%. The board also authorized a $300 million common stock repurchase program running through January 27, 2027, and declared a $1.00 first-quarter dividend per common share, which gives shareholders a direct view of capital returns.
Q4 2025 diluted EPS was $2.56, versus $2.36 in Q4 2024; net interest margin was 3.66%, versus 3.53%.
Full-year 2025 diluted EPS was $9.92, versus $8.87 in 2024.
Board authorized up to $300 million of common stock repurchases over one year, expiring January 27, 2027; the company completed its prior $150 million authorization.
First-quarter cash dividend of $1.00 per common share is payable March 13, 2026, to holders of record on February 27, 2026.
On January 29, 2026, VSE Corporation agreed to acquire Precision Aviation Group for up to $2.025 billion, made up of $1.75 billion in cash and $275 million in newly issued shares, plus up to $125 million in contingent payments tied to PAG's 2026 profitability. The deal is expected to close in the second quarter of 2026, subject to U.S. antitrust and Australian and UK foreign investment approvals, and lenders have committed up to $1.95 billion of new financing. VSE also released preliminary, unaudited 2025 results, with full-year revenue of about $1,101 million to $1,115 million, though the filing gives no prior-year comparison.
Upfront price of $2.025 billion: $1.75 billion cash plus $275 million in VSE stock, with up to $125 million more in earnout payments tied to 2026 profitability targets
Debt commitment letter for up to $1.95 billion of new financing, plus backstop commitments for VSE's existing revolving credit facility and term loan A
Expected closing in the second quarter of 2026; agreement can be terminated if closing has not occurred by July 29, 2026, with a possible three-month extension
Preliminary full-year 2025 revenue of about $1,101 million to $1,115 million and adjusted EBITDA of about $176 million to $184 million; full results and 2026 outlook due next month
Kadant Inc. has agreed to buy voestalpine BÖHLER Profil, an Austrian maker of tailor-made special profiles and industrial knives, for approximately 157.0 million Euros in cash, subject to customary adjustments. The deal is expected to close in the first quarter of 2026, pending certain Austrian regulatory approvals, and will be financed primarily through borrowings under Kadant's revolving credit facility, according to the press release. The target reported revenue of 51.5 million Euros for the fiscal year ended March 31, 2025.
Purchase price is approximately 157.0 million Euros in cash, subject to customary adjustments
Expected closing in the first quarter of 2026; no financing condition in the agreement
Target had about 150 employees and revenue of 51.5 million Euros for the fiscal year ended March 31, 2025
Conference call and webcast on February 3, 2026 at 11:00 a.m. Eastern Time
Parker-Hannifin reported fiscal second-quarter results for the quarter ended December 31, 2025, with net sales up 9% to a record $5.2 billion and adjusted EPS up 17% to $7.65. Reported net income fell 11% to $845 million and diluted EPS fell 9% to $6.60, because the year-earlier quarter included a one-time after-tax divestiture gain. The company raised its fiscal 2026 guidance and said it has a definitive agreement to acquire Filtration Group Corporation.
Net sales rose 9% to $5.2 billion, with organic sales up 6.6%
Diluted EPS was $6.60, down from $7.25; adjusted EPS rose 17% to $7.65
Fiscal 2026 EPS guidance raised to $26.26 to $26.86, or $30.40 to $31.00 adjusted
Definitive agreement to acquire Filtration Group Corporation announced; the filing does not state a price
ManpowerGroup reported fourth-quarter 2025 revenue of $4.7 billion, up 7% as reported, and diluted EPS of $0.64 versus $0.47 a year earlier, after $0.28 per share of restructuring, pension and Argentina-related charges. For the full year, the company posted a net loss of $13.3 million, or $0.29 per diluted share, compared with net earnings of $145.1 million in 2024, due mainly to $88.7 million in goodwill and intangible impairment charges. Excluding charges, fourth-quarter EPS was $0.92, down 17% in constant currency, and the company guided first-quarter 2026 diluted EPS to $0.45 to $0.55.
Q4 2025 revenue was $4.7 billion, up 7% as reported and 2% organic constant currency
Q4 diluted EPS was $0.64 as reported and $0.92 excluding charges, a 17% constant-currency decrease
Full-year 2025 net loss was $13.3 million, including $88.7 million of impairment charges
Q1 2026 diluted EPS outlook is $0.45 to $0.55, including a favorable currency impact of $0.06
Lockheed Martin reported fourth-quarter and full-year 2025 results on January 29, 2026. Full-year sales rose 6% to $75.0 billion and a record $194 billion backlog, but net earnings fell to $5.0 billion, or $21.49 per share, from $22.31 in 2024, after a $479 million pension settlement charge and program losses. The company expects 2026 sales of $77.5 billion to $80.0 billion and diluted EPS of $29.35 to $30.25.
Q4 2025 sales were $20.3 billion, up from $18.6 billion, and diluted EPS was $5.80, up from $2.22 a year earlier.
Full-year 2025 business segment operating profit was $6.7 billion, up from $6.1 billion, and free cash flow was $6.9 billion.
2026 outlook: sales of $77.5 billion to $80.0 billion, diluted EPS of $29.35 to $30.25, and free cash flow of $6.5 billion to $6.8 billion, which the company said is an increase from its prior expectation.
PulteGroup reported fourth quarter 2025 results with diluted earnings of $2.56 per share and net income of $502 million, down from $4.43 and $913 million a year earlier. Home sale revenues fell 5% to $4.5 billion, and the prior-year quarter included a $255 million insurance benefit, so the comparison is weaker than the operating figures alone suggest. The filing gives no guidance for 2026.
Diluted EPS was $2.56 versus $4.43 in the prior-year quarter; the quarter included an $81 million charge tied to the intended divestiture of certain manufacturing assets.
Home sale revenues were $4.5 billion, down 5%, on 7,821 closings, down 3%.
Net new orders rose 4% to 6,428 homes, while the value of orders was $3.5 billion, comparable with a year earlier.
The company repurchased $300 million of common shares in the quarter and $1.2 billion for the full year 2025.
Altria filed its audited 2025 financial statements and auditor reports in this 8-K, to be included in its 2025 Form 10-K. Net revenues were $23.3 billion, down from $24.0 billion in 2024, and net earnings were $6.9 billion, or $4.12 per share, versus $11.3 billion, or $6.54 per share, a year earlier. For shareholders, lower earnings and large 2025 impairment charges, alongside dividends paid of $7.0 billion, were the main takeaways.
Net revenues were $23.3 billion in 2025, compared with $24.0 billion in 2024.
Net earnings were $6.9 billion ($4.12 per share) in 2025, versus $11.3 billion ($6.54 per share) in 2024, which included a $2.7 billion gain on the sale of IQOS System commercialization rights.
2025 included a $1.2 billion goodwill impairment and $978 million in asset impairment and exit costs.
Share repurchases were $1.0 billion in 2025, down from $3.4 billion in 2024; dividends paid were $7.0 billion.
International Paper reported preliminary full-year 2025 net sales of $23.63 billion, up from $15.84 billion in 2024, but a loss from continuing operations of $2.84 billion, compared with earnings of $725 million a year earlier. The loss reflects a $2.47 billion pre-tax goodwill impairment tied to its PS EMEA business, and the company also announced plans to separate its North America and EMEA packaging businesses into two independent public companies, expected within 12 to 15 months.
Full-year 2025 net sales were $23.63 billion versus $15.84 billion in 2024; loss from continuing operations was $2.84 billion versus earnings of $725 million.
Fourth-quarter 2025 loss from continuing operations was $2.36 billion, including a $2.47 billion pre-tax non-cash goodwill impairment charge.
2026 targets call for full-year adjusted EBITDA of $3.5 to $3.7 billion and first-quarter adjusted EBITDA of $740 to $760 million.
The separation of PS NA and PS EMEA is expected to be completed in 12 to 15 months; the Form 10-K is intended for filing on February 26, 2026.
Altria reported fourth-quarter and full-year 2025 results on January 29, 2026. Full-year net revenues fell 3.1% to $23.3 billion and reported diluted EPS fell 37.0% to $4.12, while adjusted diluted EPS rose 4.4% to $5.42, and the company guided to 2026 adjusted diluted EPS of $5.56 to $5.72. The same filing says Salvatore Mancuso joined the Board and will become Chief Executive Officer on May 14, 2026.
Full-year net revenues fell 3.1% to $23.3 billion; reported diluted EPS fell 37.0% to $4.12.
Fourth-quarter adjusted diluted EPS was flat at $1.30; reported EPS fell 63.1% to $0.66, mainly due to e-vapor impairment charges.
2026 adjusted diluted EPS guidance is $5.56 to $5.72, growth of 2.5% to 5.5% from $5.42, weighted to the second half.
Salvatore Mancuso was elected to the Board effective January 29, 2026, and becomes CEO effective May 14, 2026.
On January 27, 2026, Prosperity Bancshares agreed to merge with Stellar Bancorp, with Stellar shareholders receiving 0.3803 Prosperity shares plus $11.36 in cash for each Stellar share. The Stellar board unanimously approved the deal, and directors holding about 8.8% of Stellar's shares have agreed to vote in favor, but the merger requires Stellar shareholder approval, regulatory approvals, and other customary conditions before closing.
Each Stellar common share converts into 0.3803 Prosperity common shares plus $11.36 in cash, with cash paid in lieu of fractional shares.
Stellar Bank will merge into Prosperity Bank, and two Stellar or Stellar Bank directors will join the Prosperity board and the Prosperity Bank board.
Stellar will pay Prosperity a $78 million termination fee under certain circumstances.
Closing requires Stellar shareholder approval and approval or waiver from the Federal Reserve, FDIC and Texas Department of Banking, among other conditions.
CNX reported fourth-quarter 2025 net income of $196.3 million, down from $202.1 million in the third quarter, while diluted EPS rose to $1.28 from $1.21 and revenue rose to $610.5 million from $583.8 million. The board also approved a $2.0 billion increase to the stock repurchase program, bringing the amount available to about $2.4 billion as of January 27, 2026.
Q4 2025 total revenue and other operating income was $610.5 million, versus $583.8 million in Q3 2025.
Q4 2025 net income was $196.3 million, versus $202.1 million in Q3 2025; diluted EPS was $1.28, versus $1.21.
Adjusted EBITDAX was $292 million in Q4 2025, versus $298 million in Q3 2025.
The board approved a $2.0 billion repurchase increase on January 27, 2026, with about $2.4 billion now available; the program has no expiration date.
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