1,673 material Form 8-K filings that 1,260 companies we cover made with the SEC in February 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).
Ares Management reported fourth-quarter 2025 results and declared a quarterly dividend of $1.35 per share, which it said is a 20% increase. Fee-related and after-tax realized income rose from a year earlier, but GAAP net income attributable to the company fell sharply.
GAAP net income attributable to Ares was $54.2 million for Q4 2025, down from $177.3 million in Q4 2024; GAAP EPS was $0.08 versus $0.72
After-tax realized income was $529.1 million, up 22% from $434.7 million, or $1.45 per Class A share versus $1.23
Fee related earnings were $527.7 million, up 33% from $396.2 million; total revenues were $1.50 billion versus $1.26 billion
Quarterly common dividend of $1.35 per share is payable March 31, 2026 to holders of record on March 17, 2026
Xcel Energy reported fourth-quarter and full-year 2025 results on February 5, 2026. Revenue rose to $14.669 billion from $13.441 billion, and ongoing diluted EPS rose to $3.80 from $3.50, while GAAP diluted EPS fell slightly to $3.42 from $3.44 after a $296 million Marshall Wildfire litigation charge. The company reaffirmed its 2026 EPS guidance of $4.04 to $4.16 per share.
Full-year 2025 GAAP diluted EPS was $3.42 versus $3.44 in 2024; ongoing diluted EPS was $3.80 versus $3.50.
Full-year 2025 total operating revenues were $14.669 billion versus $13.441 billion in 2024; net income was $2.018 billion versus $1.936 billion.
Fourth-quarter 2025 GAAP diluted EPS was $0.95 versus $0.81 a year earlier.
Xcel Energy reaffirmed 2026 EPS guidance of $4.04 to $4.16 per share.
Dorian LPG reported results for the three months ended December 31, 2025, with revenues of $120.0 million, up 48.7% from a year earlier, and net income of $47.2 million, or $1.11 per diluted share, versus $0.50 a year earlier. The company also declared an irregular dividend of $0.70 per share, about $29.9 million in total, payable February 24, 2026.
Revenues were $120.0 million, up $39.3 million from $80.7 million, driven by higher average time charter equivalent rates and more available days.
Net income was $47.2 million, or $1.11 per diluted share, compared with $21.4 million, or $0.50 per diluted share, a year earlier.
Time charter equivalent rate per available day was $50,333, up 39.5% from $36,071.
The irregular dividend of about $29.9 million, or $0.70 per share, is payable on or about February 24, 2026, to shareholders of record as of February 9, 2026.
Patterson-UTI reported fourth-quarter 2025 revenue of $1.15 billion, down from $1.18 billion in the third quarter and $1.16 billion a year earlier, and a net loss of $9 million, narrower than the prior quarter and the year-earlier period. For full-year 2025, revenue fell to $4.83 billion from $5.38 billion, and adjusted free cash flow was $416 million, down from $523 million in 2024. The company also raised its quarterly dividend 25% to $0.10 per share and expects first-quarter 2026 Completion Services adjusted gross profit of about $95 million, down from $111 million in the fourth quarter.
Q4 2025 revenue of $1.15 billion, versus $1.18 billion in Q3 2025 and $1.16 billion in Q4 2024
Q4 2025 net loss attributable to common stockholders of $9 million, versus $36 million in Q3 2025 and $52 million in Q4 2024
Q4 2025 adjusted EBITDA of $221 million, versus $225 million in Q4 2024
Quarterly dividend raised 25% to $0.10 per share, payable March 16, 2026 to holders of record as of March 2, 2026
GE Vernova completed an underwritten public offering of $2.6 billion in senior unsecured notes across three maturities on February 4, 2026. The company said net proceeds are intended for general corporate purposes, including financing part of the purchase price for the remaining 50% stake in Prolec GE, which closed on February 2, 2026. The filing shows added debt but does not state results or guidance changes.
Notes total $2.6 billion: $600 million due 2031 at 4.250%, $1.0 billion due 2036 at 4.875%, and $1.0 billion due 2056 at 5.500%.
Net proceeds are intended for general corporate purposes, including part of the Prolec GE stake purchase that closed February 2, 2026.
Underwriters are Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC; the Bank of New York Mellon is trustee.
Make-whole redemption applies before the Par Call Dates: January 4, 2031 (2031 Notes), November 4, 2035 (2036 Notes) and August 4, 2055 (2056 Notes).
On February 4, 2026, Oracle completed a $25 billion offering of eight tranches of notes maturing between 2029 and 2066. Two days earlier, it agreed to an equity distribution program that lets sales agents sell up to $20.0 billion of common stock, though Oracle is not obligated to sell any shares. For shareholders, the new debt adds to Oracle's borrowings, and any share sales under the program would increase the number of shares outstanding.
Notes totaling $25 billion: $500 million Floating Rate Notes due 2029 up to $5.0 billion 5.700% Notes due 2036 and 6.700% Notes due 2056, with the 6.850% Notes due 2066 at $2.75 billion.
Net proceeds are for general corporate purposes, including capital expenditures, repayment of debt, investments or acquisitions, and dividends or share repurchases.
At-the-market program dated February 2, 2026 covers up to $20.0 billion of common stock, with 15 sales agents after a February 3, 2026 joinder.
Sales agents may receive a commission of up to 0.50% of gross proceeds from each share sale.
KRAKacquisition Corp, a blank check company, completed its initial public offering of 34,500,000 units at $10.00 per unit on January 29, 2026, raising $345 million. The proceeds are held in a trust account and can generally not be released until a business combination is completed or public shares are redeemed, with a deadline of 24 months from the IPO closing.
IPO of 34,500,000 units at $10.00 per unit closed January 29, 2026, for $345,000,000 gross proceeds
$345,000,000 placed in trust account with Continental Stock Transfer & Trust Company as trustee
Company has until January 29, 2028 to complete an initial business combination or face mandatory liquidation
Audited balance sheet as of January 29, 2026 shows $1,776,784 cash outside trust and a working capital surplus of $1,322,406
Space Asset Acquisition Corp., a blank check company that has not commenced operations, closed its initial public offering of 23 million units at $10.00 per unit on January 29, 2026, raising $230 million gross. The company placed $230 million of the proceeds in a trust account, and it has until January 29, 2028 to complete a business combination.
23,000,000 units sold at $10.00 each, including 3,000,000 units from the underwriters' full over-allotment option
Simultaneous private placement of 645,000 units for $6.45 million to the sponsor and BTIG, LLC
$230 million placed in a U.S.-based trust account maintained by Efficiency INC. as trustee
Deadline to complete a business combination is January 29, 2028, 24 months after the IPO closing
ASGN Incorporated, which is transitioning to the Everforth brand, reported fourth-quarter 2025 revenues of $980.1 million, close to $985.0 million a year earlier, while net income fell to $25.2 million, or $0.59 per diluted share, from $42.4 million, or $0.95. The company also gave first-quarter 2026 estimates of $960.0 million to $980.0 million in revenues and $0.62 to $0.71 in diluted earnings per share, and announced a definitive agreement to acquire Quinnox Inc. for $290 million in cash.
Q4 2025 net income was $25.2 million ($0.59 per diluted share), compared with $42.4 million ($0.95) in Q4 2024.
Q4 2025 revenues were $980.1 million, compared with $985.0 million a year earlier; Federal Government Segment revenues fell to $281.5 million from $292.3 million.
Q1 2026 estimates: revenues of $960.0 million to $980.0 million and diluted EPS of $0.62 to $0.71.
Full-year 2025 Free Cash Flow was $288.1 million, and the company repurchased $170.1 million of its shares in 2025.
MetLife reported fourth-quarter 2025 net income of $778 million, or $1.17 per share, down 37% from a year earlier, mainly due to net derivative and investment losses. Adjusted earnings per share excluding total notable items rose 24% to $2.58, and the company maintained its near-term 2026 targets for adjusted return on equity and double-digit adjusted EPS growth. The mixed picture matters to shareholders because reported profit fell sharply while the company's adjusted measures and revenue grew.
Q4 net income was $778 million ($1.17 per share), versus $1,239 million ($1.78 per share) a year earlier; net derivative losses were $646 million.
Q4 adjusted EPS excluding total notable items rose 24% to $2.58; full-year figure was $8.89, up 10%.
Q4 premiums, fees and other revenues rose 29% to $18.7 billion; adjusted PFOs excluding pension risk transfers rose 8% to $12.8 billion.
2026 outlook maintains adjusted ROE target of 15%-17% and expects the direct expense ratio to be 12.1% for 2026.
FMC reported fourth quarter and full year 2025 results with a large GAAP loss driven by a non-cash goodwill impairment, and gave 2026 guidance showing lower revenue, EBITDA and adjusted EPS. The Board has also authorized exploration of strategic options, including a possible sale of the company, but the company says the review is preliminary and may not result in any transaction.
Board authorized exploration of strategic options, including but not limited to the sale of the company; no assurance a transaction will result
2026 guidance: revenue $3.60 billion to $3.80 billion (down 5% at midpoint); adjusted EBITDA $670 million to $730 million (down 17%); adjusted EPS $1.63 to $1.89 (down 41%)
Q4 2025 GAAP net loss of $1.72 billion, or $13.74 per diluted share, driven mainly by a $1,356.2 million goodwill write-off
Full year 2025 revenue of $3.47 billion, down 18%; adjusted EPS of $2.96, down 15%
SiTime agreed to acquire certain assets of Renesas Electronics' timing business for $1.5 billion in cash and 4,130,644 newly issued shares, with the share count set by a 10-day VWAP collar. The companies expect the deal to close by the end of 2026, subject to regulatory approvals, and SiTime plans to fund the cash portion with cash on hand and a $900 million Wells Fargo bridge loan commitment. For shareholders, the deal adds a business expected to generate $300 million in revenue in the 12 months after closing, but it brings a large cash outlay, share issuance and new debt.
Consideration is $1.5 billion in cash plus 4,130,644 shares of common stock, with the share count based on a 10-day VWAP subject to a floor of $308.6686 and a ceiling of $417.6104.
Wells Fargo committed up to $900.0 million in a 364-day senior secured bridge loan; the acquisition is not conditioned on this financing.
The acquired business is expected to generate $300 million in revenue in the 12 months after closing, per the press release.
Closing is expected by the end of 2026 and requires HSR waiting period expiration and other approvals; SiTime may owe a $150.0 million or $75.0 million termination fee in specified circumstances.
Ralliant reported fourth-quarter 2025 revenue of $555 million, up 1% from a year earlier, and a net loss of $(1.4) billion, or $(12.10) per diluted share, driven by a $1.4 billion non-cash goodwill impairment in its Test & Measurement segment. The company also issued first-quarter and full-year 2026 outlooks and set a February 14, 2026 deadline for stockholder proposals ahead of its first annual meeting on June 5, 2026.
Q4 2025 revenue of $555 million, up 1% year over year; net loss of $(1.4) billion, including a $1.4 billion goodwill impairment tied mainly to the EA Elektro-Automatik business
Adjusted diluted EPS of $0.69; operating cash flow of $102 million and free cash flow of $92 million
Q1 2026 outlook: revenue of $508 million to $522 million and adjusted EPS of $0.46 to $0.52; full-year 2026 outlook: revenue of $2.1 billion to $2.2 billion and adjusted EPS of $2.22 to $2.42
First annual stockholder meeting set for June 5, 2026; deadline for stockholder proposals and nominations is February 14, 2026
Evercore Inc. appointed Christine Varney as a director, effective March 1, 2026, with a term running to the 2026 annual meeting. She also joins the Audit and Nominating and Corporate Governance committees, and the board size rises from ten to eleven. The filing describes a one-time $50,000 RSU grant and her background as a former Assistant Attorney General and FTC Commissioner.
Board appointment effective March 1, 2026, for a term expiring at the 2026 annual meeting
Appointed to the Audit Committee and Nominating and Corporate Governance Committee
One-time RSU award valued at $50,000, vesting on the second anniversary of grant
Board size increased from ten to eleven directors effective March 1, 2026
Uniti Group subsidiaries completed a private offering of $1 billion in 8.625% senior notes due June 15, 2032, issued at 100.25% of principal. Proceeds will repay borrowings under Uniti Services' senior secured term loan due 2031, with the remainder for general corporate purposes. The notes add to the company's debt load and are senior unsecured, ranking behind secured debt.
Principal amount: $1,000,000,000; issue price 100.25% of principal, with interest accrued from December 15, 2025
Notes mature June 15, 2032 and pay 8.625% annual interest, first payment June 15, 2026
Proceeds used to repay borrowings under the senior secured first lien term loan facility due 2031 and for general corporate purposes
Company and certain subsidiaries guarantee the notes on a senior unsecured basis; regulatory approval is being sought for some regulated subsidiaries
Globe Life reported fourth quarter 2025 net operating income of $3.39 per diluted share, up from $3.14 a year earlier, and net income of $3.29 per share, up from $3.01. The company also raised its 2026 net operating income guidance to $14.95 to $15.65 per diluted share, which matters to shareholders because it signals higher expected profit for the coming year.
Q4 2025 net operating income was $3.39 per diluted share versus $3.14 a year earlier, up 8%.
Full-year 2025 net operating income was $14.52 per diluted share versus $12.37 in 2024, above the midpoint of prior guidance.
2026 net operating income guidance is $14.95 to $15.65 per diluted share, an increase from previous guidance.
Life net sales rose 11% in the quarter, and health net sales rose 71%.
Standex reported fiscal second-quarter 2026 results for the period ended December 31, 2025, with net sales up 16.6% year over year to $221.3 million and adjusted diluted EPS up 8.9% to $2.08. GAAP diluted EPS was $0.17, reflecting a $17.98 million change in redeemable noncontrolling interest to redemption value. The company reiterated its fiscal 2026 outlook for sales growth of over $110 million.
Net sales rose 16.6% to $221.3 million; organic growth was 6.4%, and Electronics grew 11.1% organically
Adjusted diluted EPS was $2.08 versus $1.91 a year earlier; GAAP diluted EPS was $0.17 versus $0.07
Change of redeemable noncontrolling interest to redemption value was $17,979 thousand, which reduced GAAP net income attributable to Standex to $2.1 million
Fiscal 2026 sales outlook reiterated: revenue growth of over $110 million, with sales from fast growth markets expected to exceed $270 million
Essex Property Trust reported fourth-quarter 2025 results, with Core FFO per diluted share up 1.5% year over year while net income per diluted share fell to $1.25 from $4.00, which the company attributes mainly to gains on real estate sales and remeasurement of co-investments in the prior-year period. The company also issued 2026 Core FFO guidance with a midpoint of $15.94 per diluted share, the same as its 2025 Core FFO, and said it would be $16.23 excluding structured finance headwinds.
Q4 2025 net income per diluted share $1.25 vs. $4.00 in Q4 2024; full-year $10.40 vs. $11.54
Q4 2025 Core FFO per diluted share $3.98 vs. $3.92; full-year $15.94 vs. $15.60, above the midpoint of original guidance
Q4 2025 same-property revenue grew 3.8% year over year; full-year same-property revenue grew 3.3%
2026 Core FFO per diluted share guidance midpoint $15.94, flat versus 2025; excluding structured finance impact, $16.23
First Industrial reported fourth-quarter 2025 diluted EPS of $0.59, up from $0.52, and FFO of $0.77 per share/unit, up from $0.71, and raised its quarterly dividend 12.4% to $0.50 per share. It also initiated 2026 NAREIT FFO guidance of $3.09 to $3.19 per share/unit. Full-year 2025 EPS fell to $1.87 from $2.17, and gains on sale of real estate were $26.9 million for 2025 versus $112.0 million for 2024.
Q4 2025 diluted EPS $0.59 vs $0.52 a year earlier; FFO $0.77 per share/unit vs $0.71
Full-year 2025 FFO $2.96 per share/unit, up 11.7% from $2.65 in 2024; full-year EPS $1.87 vs $2.17
Quarterly dividend raised 12.4% to $0.50 per share/unit, payable April 20, 2026
2026 NAREIT FFO guidance initiated at $3.09 to $3.19 per share/unit, about 6% growth at the midpoint
Phibro Animal Health reported fiscal second-quarter results for the period ended December 31, 2025, with net sales up 21% to $373.9 million and net income rising to $27.5 million from $3.2 million a year earlier. The company also raised its fiscal 2026 guidance, now calling for net sales of $1.45 billion to $1.50 billion and adjusted EBITDA of $245 million to $255 million, which signals higher expected sales and profit for shareholders.
Net sales of $373.9 million, up 21%; net income of $27.5 million versus $3.2 million a year earlier
Diluted EPS of $0.67 versus $0.08; adjusted diluted EPS of $0.87 versus $0.55
Fiscal 2026 guidance raised: net sales of $1.45 billion to $1.50 billion; adjusted EBITDA of $245 million to $255 million
Total debt of $737.0 million and a 3.1x gross leverage ratio as of December 31, 2025
Victory Capital reported fourth-quarter 2025 revenue of $374.1 million, up 61.0% from a year earlier, and GAAP net income of $112.8 million, or $1.32 per diluted share, up from $1.17. Full-year 2025 GAAP diluted EPS was $4.08, down from $4.38 in 2024, and the company recorded $2.1 billion of long-term net outflows in the quarter, so shareholders face mixed signals from the period.
Q4 2025 revenue $374.1 million, up 61.0% year over year and 3.6% from Q3 2025
Q4 GAAP operating margin 40.9%, down from 48.1% a year earlier
Q4 long-term net outflows of $2.1 billion; total AUM $313.8 billion at December 31, 2025
Board approved a regular quarterly cash dividend of $0.49 per share, payable March 25, 2026
WEX reported fourth-quarter and full-year 2025 results on February 4, 2026. Q4 revenue rose 5.7% to $672.9 million and GAAP diluted EPS rose to $2.41 from $1.60, while full-year revenue grew 1.2% to $2.66 billion and full-year adjusted EPS rose 5.4% to $16.10. The company guided 2026 full-year adjusted EPS to $17.25 to $17.85, above the 2025 level, but Q4 operating cash flow fell to $294.7 million from $638.4 million.
Q4 2025 revenue of $672.9 million, up 5.7%; Q4 adjusted net income of $143.7 million, or $4.11 per diluted share, up 15.1%
Full-year 2025 GAAP net income of $304.1 million, down from $309.6 million; diluted EPS of $8.47 versus $7.50
Q1 2026 guidance: revenue of $650 million to $670 million and adjusted EPS of $3.80 to $4.00
Full-year 2026 guidance: revenue of $2.70 billion to $2.76 billion and adjusted EPS of $17.25 to $17.85
O'Reilly Automotive reported fourth-quarter 2025 sales of $4.41 billion, up 8%, and diluted earnings per share of $0.71, up 13%. The company also issued 2026 guidance calling for diluted EPS of $3.10 to $3.20 and total revenue of $18.7 billion to $19.0 billion, both above 2025 levels, for shareholders evaluating the year ahead.
Q4 2025 sales rose $319 million, or 8%, to $4.41 billion; comparable store sales grew 5.6%
Q4 2025 operating income rose 12% to $829 million; diluted EPS was $0.71 versus $0.63 a year earlier
Full-year 2026 guidance: diluted EPS $3.10 to $3.20 and total revenue $18.7 billion to $19.0 billion
CEO Brad Beckham said SG&A again exceeded company expectations in Q4 due to health care and casualty claim cost inflation
Murphy USA reported fourth-quarter 2025 net income of $141.9 million, nearly flat from $142.5 million a year earlier, while diluted earnings per share rose to $7.53 from $6.96. For full-year 2025, net income fell to $470.6 million from $502.5 million, with diluted EPS of $24.10 compared with $24.11, and the company issued 2026 guidance calling for higher merchandise contribution and SG&A costs.
Q4 2025 total operating revenues were $4,743.6 million, up from $4,710.4 million; full-year revenues were $19,384.0 million, down from $20,244.3 million.
Q4 2025 total fuel contribution was 34.3 cents per gallon versus 32.5 cents in Q4 2024; full-year merchandise contribution rose to $869.0 million.
The company repurchased $652.0 million of common stock in 2025 and paid a quarterly dividend of $0.63 per share on December 1, 2025.
2026 guidance projects merchandise contribution of $890 million to $900 million and SG&A of $240 million to $250 million.
American Healthcare REIT (NYSE: AHR) said its CEO and President, Danny Prosky, is on medical leave effective February 3, 2026, following a recent medical event. The board appointed Chairman Jeffrey T. Hanson, who was CEO from 2015 to 2021, as interim CEO and President effective the same date. The filing does not address financial results or guidance, but the leadership change is significant for shareholders during the interim period.
Danny Prosky, CEO, President and director, began a medical leave of absence effective February 3, 2026
Jeffrey T. Hanson, Chairman of the Board and CEO from 2015 to 2021, is Interim CEO and President effective February 3, 2026
The company said its senior leadership team is long-tenured and will work with Hanson to ensure continuity of operations
The press release was issued February 4, 2026 (Exhibit 99.1)
Asbury Automotive Group appointed Christopher DiSantis to its board effective March 1, 2026, and Philip Maritz, a director since April 2002, will not stand for re-election at the 2026 Annual Meeting. The board also lowered the threshold for stockholders to call a special meeting from 50% to 25% of outstanding voting shares, which gives shareholders more ability to request one.
Christopher DiSantis joins the board effective March 1, 2026, and the board has seated him on the Audit Committee and the Compensation & Human Resources Committee.
The board will have eleven directors, ten of whom are independent.
Philip Maritz, on the board since April 2002, will not stand for re-election at the 2026 Annual Meeting of Stockholders.
Bylaw amendments effective January 29, 2026 lower the special meeting request threshold from 50% to 25% of outstanding voting shares.
STERIS reported fiscal 2026 third-quarter results for the quarter ended December 31, 2025, with revenue up 9% to $1.5 billion and diluted EPS from continuing operations of $1.96, compared with $1.75 a year earlier. The company kept its fiscal 2026 adjusted EPS outlook of $10.15 to $10.30, but raised its estimate of the tariff hit to pre-tax profit to approximately $55 million from approximately $45 million.
Q3 revenue from continuing operations was $1,496.2 million, up from $1,370.6 million; constant currency organic growth was 8%.
Q3 diluted EPS from continuing operations was $1.96 versus $1.75; adjusted EPS was $2.53 versus $2.32.
Fiscal 2026 outlook was maintained: adjusted EPS of $10.15 to $10.30 and revenue growth of 8% to 9%.
Estimated tariff impact on pre-tax profit rose to approximately $55 million from approximately $45 million.
Stifel Financial and Stifel Nicolaus entered into an Amended and Restated Credit Agreement on February 4, 2026, replacing their existing unsecured credit agreement from September 2023. The new facility provides up to $1.0 billion in committed unsecured revolving borrowings, matures February 4, 2031, and carries variable rates based on SOFR. The filing describes it as a working capital and general corporate backstop, with no new borrowing amount disclosed beyond the facility size.
Facility size: up to $1.0 billion in committed unsecured revolving borrowings
Maturity date: February 4, 2031
Rates are variable and based on the Secured Overnight Financing Rate (SOFR)
Bank of America, N.A. is administrative agent for a lender syndicate; existing commitments were terminated when the new agreement took effect
ePlus reported third-quarter fiscal 2026 results for the three months ended December 31, 2025, with net sales up 24.6% to $614.8 million and net earnings from continuing operations up 129.3% to $33.4 million. The company raised its fiscal 2026 guidance for net sales, gross profit and Adjusted EBITDA and declared a $0.25 quarterly dividend per share.
Q3 net earnings from continuing operations were $33.4 million, or $1.27 per diluted share, versus $0.55 a year earlier.
Nine-month net sales rose 22.2% to $1,860.9 million, and net earnings from continuing operations rose 68.5% to $98.7 million.
Fiscal 2026 net sales growth is now expected at 20% to 22%, up from the prior guidance of mid-teens; Adjusted EBITDA growth is now expected at 41% to 43%.
Quarterly dividend of $0.25 per share is payable March 18, 2026, to holders of record on February 24, 2026.
Silgan Holdings reported full-year 2025 net sales of $6.5 billion and net income of $288.4 million, or $2.70 per diluted share, up from $276.4 million in 2024, and adjusted EPS of $3.72, up 3%. Fourth-quarter net income fell to $18.2 million, or $0.17 per diluted share, from $45.1 million, with $32.5 million of rationalization charges, and the company guided 2026 adjusted EPS to $3.70 to $3.90 while first-quarter 2026 adjusted EPS is expected at $0.70 to $0.80 versus $0.82 a year earlier.
Full-year 2025 net sales were $6.5 billion, up $628.5 million or 11%, and net income was $288.4 million, or $2.70 per diluted share, versus $2.58 in 2024.
Fourth-quarter 2025 net income was $18.2 million, or $0.17 per diluted share, versus $45.1 million, or $0.42, a year earlier; rationalization charges were $32.5 million.
Adjusted EPS for 2026 is estimated at $3.70 to $3.90, compared with $3.72 in 2025.
Adjusted EPS for the first quarter of 2026 is estimated at $0.70 to $0.80, compared with $0.82 in the first quarter of 2025.
Middleby's board appointed Christopher Hix as a director effective February 1, 2026, and named him to the Audit Committee. The board grows to eleven members, and the filing discloses no financial results or guidance changes.
Christopher Hix appointed to the Board effective February 1, 2026, and to the Audit Committee
Most recently Executive Vice President and Chief Financial Officer of Enovis Corporation
Hix also serves on the Brady Corporation board as Audit Committee Chairman
Board expands to eleven members; Hix receives standard nonemployee director compensation
Black Hills Corp. reported fourth-quarter 2025 GAAP EPS of $1.39 and adjusted EPS of $1.41, up from $1.37 in the year-earlier quarter, and full-year 2025 adjusted EPS of $4.10, up from $3.91. The company initiated 2026 adjusted EPS guidance of $4.25 to $4.45, which excludes the pending merger with NorthWestern Energy expected to close in the second half of 2026.
Q4 2025 revenue was $635.5 million, up from $597.1 million; full-year revenue was $2.31 billion, up from $2.13 billion.
Full-year 2025 GAAP EPS was $3.98 and adjusted EPS was $4.10, which excludes $0.12 of merger-related costs.
2026 adjusted EPS guidance of $4.25 to $4.45 reflects 6% growth over 2025, assuming normal weather and excluding merger-related costs.
Shareholders vote on the NorthWestern merger at special meetings scheduled for April 2, 2026.
Greenbrier's leasing subsidiary, GBX Leasing 2022-1 LLC, issued $300 million of Series 2026-1 railcar-secured notes on February 4, 2026. The company says the financing supports its leasing business and is non-recourse to Greenbrier, though the notes can be accelerated if certain defaults occur under the indenture.
Class A notes: $280,425,000 at a fixed 5.13%; Class B notes: $19,575,000 at a fixed 5.30%, both payable monthly.
Stated final maturity is February 22, 2056, but the filing anticipates earlier repayment if cash flow assumptions are met, with no assurance they will be.
Notes are obligations of the issuer only and are secured by a railcar portfolio and related operating leases; the press release describes them as non-recourse to Greenbrier.
Net proceeds from the railcars acquired will be used for general corporate purposes, per the filing.
Rexford Industrial reported fourth-quarter and full-year 2025 results. Full-year net income attributable to common stockholders fell to $200.2 million, or $0.86 per diluted share, from $262.9 million, or $1.20 per diluted share, a year earlier, while Core FFO per diluted share rose 2.6% to $2.40. The company also guided 2026 Core FFO to $2.35 to $2.40 per diluted share and said Laura Clark will become chief executive on April 1, 2026.
Full-year 2025 net income attributable to common stockholders was $200.2 million, or $0.86 per diluted share, versus $262.9 million, or $1.20, in 2024
Full-year 2025 Core FFO was $2.40 per diluted share, up 2.6% from $2.34
Fourth-quarter net loss of $68.7 million included $89.1 million of impairments and $60.2 million of Co-CEO transition costs
2026 guidance: Core FFO of $2.35 to $2.40 per diluted share; Laura Clark to become CEO effective April 1, 2026
StoneX reported record net income of $139.0 million and net operating revenues of $724.4 million for the fiscal first quarter ended December 31, 2025, up 63% and 47% from a year earlier. Diluted earnings per share rose to $2.50 from $1.69. The company also approved a three-for-two stock split, which will add one share for every two shares held.
Net operating revenues of $724.4 million, up 47% from $492.1 million; net income of $139.0 million, up 63% from $85.1 million
Diluted EPS of $2.50 versus $1.69 a year earlier; return on equity of 22.5% versus 19.5%
Three-for-two stock split: additional shares distributed after close on March 20, 2026, record date March 10, 2026; split-adjusted trading expected to begin March 23, 2026
Launchpad Cadenza Acquisition Corp I announced that from February 9, 2026, holders of its units may separate them into Class A ordinary shares and warrants that trade on the Nasdaq Global Market. The filing is an administrative notice about trading mechanics and does not report financial results or a change in the company's business.
Separate trading of Class A ordinary shares and warrants begins February 9, 2026.
Each unit includes one Class A ordinary share and one-third of one warrant; each whole warrant allows purchase of one share at $11.50.
Separated shares and warrants trade under LPCV and LPCVW; units not separated continue to trade as LPCVU.
Holders must have their brokers contact Continental Stock Transfer & Trust Company to separate units; no fractional warrants will be issued.
COPT Defense Properties and its operating partnership entered into letter agreements on January 30, 2026 with CEO Stephen E. Budorick, COO Britt A. Snider and CFO Anthony Mifsud. The agreements set their participation in the company's Second Amended & Restated Executive Change in Control and Severance Plan for five-year periods and replace earlier letter agreements. The filing sets out the severance multiples and benefit periods that apply if these executives are terminated without cause or are constructively discharged.
Letter agreements dated January 30, 2026 supersede earlier agreements dated June 22, 2021, December 1, 2023 and November 1, 2021
Five-year participation periods for Budorick, Snider and Mifsud, after which they cease to participate unless otherwise agreed
Budorick's severance multiple is 2.00, or 2.99 if terminated within six months before to 24 months after a change in control; Snider's and Mifsud's is 1.00, or 2.99 under the same change-in-control window
Continuation coverage is two years for Budorick and one year for Snider and Mifsud
Mueller Water Products reported first-quarter fiscal 2026 results for the quarter ended December 31, 2025, with net sales up 4.6% to $318.2 million and diluted earnings per share of $0.27, up from $0.22. The company raised its fiscal 2026 guidance for net sales and adjusted EBITDA, which signals management's expectation of stronger full-year results.
Net sales rose to $318.2 million from $304.3 million, driven mainly by higher pricing across most product lines.
Net income rose to $43.2 million from $35.3 million; diluted EPS was $0.27 versus $0.22, and adjusted EPS was $0.29 versus $0.25.
Fiscal 2026 net sales guidance was raised to $1.47 billion to $1.49 billion, and adjusted EBITDA guidance was raised to $355 million to $360 million.
Water Management Solutions adjusted operating income fell 11.2%, and the company repurchased $5.5 million of common stock during the quarter.
Stewart Information Services reported fourth-quarter 2025 net income attributable to Stewart of $36.3 million, or $1.25 per diluted share, up from $22.7 million, or $0.80 per diluted share, a year earlier. Total revenues rose 19% to $790.6 million, and full-year 2025 net income was $115.5 million, or $4.05 per diluted share, compared with $73.3 million, or $2.61, in 2024.
Q4 2025 total revenues of $790.6 million, compared with $665.9 million in Q4 2024.
Q4 2025 diluted EPS of $1.25 versus $0.80; adjusted diluted EPS of $1.65 versus $1.12 (non-GAAP).
Full-year 2025 net income of $115.5 million and diluted EPS of $4.05, versus $73.3 million and $2.61 in 2024.
Q4 2025 results included $3.8 million of pretax net realized and unrealized losses, mainly in the title segment.
Aflac reported fourth quarter 2025 net earnings of $1.4 billion, or $2.64 per diluted share, down from $1.9 billion a year earlier, on total revenues of $4.9 billion, down 9.9%. Adjusted earnings fell 5.4% to $818 million, while adjusted earnings per diluted share rose 0.6% to $1.57. The company also declared a first quarter dividend of $0.61 per share, a 5.2% increase, and repurchased $800 million of its shares in the quarter.
Q4 2025 net earnings were $1.4 billion, or $2.64 per diluted share, versus $1.9 billion, or $3.42, a year earlier; net investment gains of $537 million contributed.
Q4 2025 adjusted earnings were $818 million, down 5.4%; adjusted EPS was $1.57, up 0.6%.
Full-year 2025 total revenues fell 9.3% to $17.2 billion; full-year net earnings were $3.6 billion, or $6.82 per diluted share, versus $9.63 in 2024.
Board declared a first quarter dividend of $0.61 per share, payable March 2, 2026; the company repurchased $800 million of shares in Q4 and $3.5 billion for the year.
Monarch Casino & Resort reported fourth-quarter 2025 net revenue of $140.0 million, up 4.1% from a year earlier, and net income of $22.9 million, compared with $4.2 million in the prior-year quarter. The prior-year figure included a $27.6 million accrued loss on a construction litigation judgment, and the 2025 quarter included $7.0 million of litigation-related charges. The Board also declared a $0.30 per share dividend, part of an annual dividend of $1.20 per share, which shareholders should note when weighing the company's capital returns.
Q4 net revenue $140.0 million vs. $134.5 million; full-year net revenue $545.1 million vs. $522.2 million (up 4.4%).
Q4 diluted EPS $1.25 vs. $0.22; full-year diluted EPS $5.43 vs. $3.84.
Q4 included $7.0 million ($0.30 per diluted share) of litigation-related charges; Adjusted EBITDA rose 9.6% to $51.8 million.
Dividend of $0.30 per share payable March 16, 2026, to stockholders of record on March 2, 2026.
Everest reported fourth-quarter 2025 net income of $446 million, or $10.77 per diluted share, compared with a net loss of $593 million in the same quarter of 2024. For the full year, net income was $1.6 billion and net operating income was $1.9 billion, and the company repurchased $397 million of its common shares during the quarter.
Q4 2025 net operating income of $549 million, or $13.26 per diluted share, versus a net operating loss of $780 million in Q4 2024
Q4 2025 combined ratio of 98.4%, versus 135.5% in Q4 2024; gross written premium of $4.3 billion fell 8.6% on a comparable basis
Paid $122 million in premium consideration for the second layer of the Adverse Development Cover; recognized a $127.3 million pre-tax benefit from the sale of commercial retail renewal rights to AIG
Omega Healthcare reported fourth quarter and full year 2025 results in a February 4, 2026 press release filed under Form 8-K. Net income and AFFO per diluted share both rose from a year earlier, and full-year 2025 AFFO was $3.10 per diluted share versus $2.87 in 2024. The company also guided to 2026 AFFO of $3.15 to $3.25 per diluted share, which shareholders can compare with the 2025 figure.
Q4 2025 net income was $172 million, or $0.55 per diluted share, versus $116 million, or $0.41, in Q4 2024.
Q4 2025 AFFO was $250 million, or $0.80 per diluted share, versus $0.74 in Q4 2024.
2026 AFFO guidance is $3.15 to $3.25 per diluted share; the board declared a $0.67 quarterly dividend on January 29, 2026, payable February 17, 2026.
A10 Networks reported record fourth-quarter revenue of $80.4 million, up from $74.2 million a year earlier, and record full-year revenue of $290.6 million. GAAP net income fell in both periods, to $9.9 million for the quarter and $42.1 million for the year, while management raised its 2026 revenue growth outlook to 10-12% and expects EPS growth of 12-14%.
Q4 2025 GAAP net income was $9.9 million, or $0.14 per diluted share, versus $18.3 million, or $0.24, in Q4 2024
Q4 2025 non-GAAP EPS was $0.26 per diluted share, versus $0.31 in Q4 2024
Full-year 2025 revenue rose 11.0% to $290.6 million; full-year GAAP net income was $42.1 million, or $0.57 per diluted share
2026 outlook: revenue growth of 10-12% and EPS growth of 12-14%; quarterly dividend of $0.06 per share payable March 2, 2026 to holders of record on February 16, 2026
Crown Castle reported fourth quarter and full year 2025 results, with site rental revenues of $4,049 million, down 5.1% from 2024, and Adjusted EBITDA of $2,863 million, down 6%. Net income rose to $444 million from a $3,903 million loss in 2024, which included a $5.0 billion goodwill impairment, and the company's 2026 outlook midpoint for site rental revenues is $3,850 million, also lower. The company also began a restructuring plan to cut about 20% of tower and corporate headcount, with about $30 million in charges and about $65 million in annualized operating cost savings.
Full year 2025 site rental revenues were $4,049 million versus $4,268 million in 2024; net income was $444 million versus a $(3,903) million loss, mainly due to the absence of the 2024 goodwill impairment.
2026 outlook midpoints: site rental revenues $3,850 million, Adjusted EBITDA $2,690 million and AFFO $1,920 million, excluding DISH Wireless contributions after its contract termination announced January 12, 2026.
Restructuring plan cuts tower and corporate headcount by about 20%, with total charges of about $30 million, including about $20 million in the first quarter of 2026, and about $65 million in annualized operating cost savings.
The company expects to keep its dividend at $4.25 per share annualized and, after the $8.5 billion Fiber Business sale closes (assumed June 30, 2026), to repurchase about $1 billion of shares and repay about $7 billion of debt.
Allstate reported fourth-quarter 2025 revenue of $17.3 billion, up 5.1% from a year earlier, and net income applicable to common shareholders of $3.8 billion, up from $1.9 billion. For full-year 2025, net income applicable to common shareholders was $10.2 billion, compared with $4.6 billion in 2024. The company also said its common dividend will rise to $1.08 per share and that a new $4.0 billion share repurchase program will begin once the existing $1.5 billion program is completed.
Q4 2025 net income applicable to common shareholders was $3.8 billion ($14.37 per diluted share), versus $1.9 billion ($7.07) a year earlier.
Q4 2025 adjusted net income was $3.8 billion, or $14.31 per diluted share, versus $2.1 billion ($7.67) in Q4 2024.
Full-year 2025 revenue was $67.7 billion, 5.6% above 2024; full-year adjusted net income was $9.3 billion.
Dividend to increase to $1.08 per share, payable April 1, 2026; a $4.0 billion repurchase program over 24 months will follow the existing $1.5 billion program.
Corpay reported fourth-quarter 2025 revenue of $1,248.2 million, up 21%, and adjusted diluted EPS of $6.04, up 13%, both of which the company said finished ahead of its expectations. It also issued 2026 guidance calling for total revenues of $5,215 million to $5,315 million and adjusted EPS of $25.50 to $26.50, and agreed to sell its PayByPhone mobile parking payments business to Lightyear Capital.
Q4 2025 revenue $1,248.2 million, up 21% from $1,034.4 million; organic revenue growth 11%
Q4 GAAP diluted EPS $3.75 vs. $3.44 a year earlier; adjusted diluted EPS $6.04 vs. $5.36
2026 guidance: total revenues $5,215 million to $5,315 million; adjusted diluted EPS $25.50 to $26.50
Definitive agreement to sell PayByPhone to Lightyear Capital; price and closing timing are not stated in the filing
EnerSys reported fiscal third-quarter 2026 net sales of $919.1 million, up 1.4%, with GAAP diluted EPS of $2.40, down from $2.88, and adjusted diluted EPS of $2.77, down from $3.12 but within its $2.71 to $2.81 guidance range. The company also guided fourth-quarter net sales of $960 million to $1 billion and adjusted diluted EPS of $2.95 to $3.05, and declared a quarterly dividend of $0.2625 per share.
Q3 net sales $919.1 million, up 1.4%; pricing up 3%, foreign currency up 2%, organic volume down 4%
Q3 GAAP diluted EPS $2.40 vs $2.88 a year earlier; adjusted diluted EPS $2.77 vs $3.12 a year earlier
Q4 fiscal 2026 outlook: net sales $960 million to $1 billion; adjusted diluted EPS $2.95 to $3.05
Quarterly dividend of $0.2625 per share payable March 27, 2026, to holders of record as of March 13, 2026
Central Garden & Pet reported fiscal 2026 first-quarter results with net sales of $617 million, down from $656 million, and GAAP diluted EPS of $0.11, down from $0.21. Non-GAAP diluted EPS was $0.21, flat with a year earlier, and the company reaffirmed its fiscal 2026 non-GAAP diluted EPS outlook of $2.70 or better. The company said the results are preliminary until it files its Form 10-Q, and the Garden segment swung to an operating loss.
Net sales were $617 million versus $656 million a year earlier, which management partly attributed to shipment timing and portfolio optimization.
GAAP diluted EPS was $0.11 versus $0.21; non-GAAP diluted EPS was $0.21, flat year over year.
Garden segment posted an operating loss of $10 million versus operating income of $2 million a year earlier.
Fiscal 2026 non-GAAP diluted EPS outlook of $2.70 or better was reaffirmed; the company has not yet filed its Form 10-Q for the quarter ended December 27, 2025.
Moelis & Company reported fourth quarter 2025 revenue of $487.9 million, up 11% from the prior year, while GAAP diluted earnings per share fell 4% to $1.10 from $1.15. For full year 2025, GAAP revenue rose 27% to $1,516.8 million and GAAP diluted EPS rose to $2.94 from $1.78. The board also declared a $0.65 per share quarterly dividend and approved a new share repurchase authorization of up to $300.0 million.
Q4 2025 GAAP net income attributable to Moelis was $87.9 million, down 2% from $89.4 million a year earlier
Full year 2025 GAAP revenue was $1,516.8 million, up 27%; Adjusted revenue was $1,535.9 million, up 28%
Quarterly dividend of $0.65 per share is payable March 26, 2026 to holders of record on February 17, 2026
Company had $848.8 million in cash and liquid investments and no debt or goodwill as of December 31, 2025
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