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.
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
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.
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
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
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.
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.
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
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.
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.
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
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
MAA reported fourth quarter 2025 results on February 4, 2026. Q4 diluted earnings per share were $0.48, down from $1.42 a year earlier, and Core FFO per diluted share was $2.23, unchanged from the prior year. The company also issued initial 2026 guidance, with a Core FFO midpoint of $8.53 per diluted share, below the $8.74 reported for 2025, which matters because Core FFO is the company's main measure of operating performance for shareholders.
Q4 2025 total rental and other property revenues were $555.6 million, up from $549.8 million in Q4 2024.
Q4 2025 net income available for common shareholders was $56.6 million, down from $165.7 million, and included a $53.0 million legal costs and settlements charge.
Full-year 2025 diluted EPS was $3.78 versus $4.49 in 2024; full-year Core FFO per diluted share was $8.74 versus $8.88.
Initial 2026 guidance: diluted EPS of $4.11 to $4.47 (midpoint $4.29) and Core FFO of $8.35 to $8.71 (midpoint $8.53).
Equitable Holdings reported a full-year 2025 net loss of $1.4 billion, compared with net income of $1.3 billion in 2024, and full-year Non-GAAP operating earnings per share fell to $5.64 from $5.92. Fourth-quarter Non-GAAP operating EPS rose to $1.73 from $1.55, while GAAP net income fell to $215 million from $892 million. The company expects 2026 cash generation of approximately $1.8 billion, up from $1.6 billion in 2025, and returned $1.8 billion to shareholders in 2025.
Full-year 2025 net loss attributable to Holdings was $1.4 billion, or $(4.83) per share, versus net income of $1.3 billion in 2024.
Fourth-quarter 2025 net income was $215 million, or $0.70 per share, down from $892 million in the fourth quarter of 2024.
Full-year Non-GAAP operating EPS was $5.64 versus $5.92 in 2024; fourth-quarter Non-GAAP operating EPS was $1.73 versus $1.55.
The company expects cash generation of approximately $1.8 billion in 2026, up from $1.6 billion in 2025.
Helmerich & Payne reported a fiscal first-quarter net loss of $97 million, or $0.98 per diluted share, for the quarter ended December 31, 2025, compared with a loss of $0.58 per share in the prior quarter and net income of $54.8 million, or $0.54 per diluted share, a year earlier. Revenue rose to $1.02 billion from $677.3 million a year earlier, but the loss reflects a $103 million non-cash impairment charge, and CEO John Lindsay plans to retire in March.
Net loss of $97 million, or $0.98 per share, including a $103 million non-cash impairment charge; adjusted loss was $14 million, or $0.15 per share
Operating revenues of $1.02 billion, compared with $1.01 billion in the prior quarter and $677.3 million a year earlier
Term loan repaid by $260 million of the $400 million balance as of end of January; full repayment expected by end of fiscal third quarter 2026
Second-quarter guidance: North America Solutions direct margin of $205 million to $230 million; International Solutions $12 million to $22 million; Offshore Solutions $20 million to $30 million
PC Connection reported fourth-quarter 2025 net sales of $702.9 million, down 0.8% year over year, with net income flat at $20.7 million. For the full year, net sales rose 2.5% to $2.9 billion while net income fell 3.9% to $83.7 million. The board also approved a $50.0 million increase to the share repurchase program and declared a $0.20 quarterly dividend, which matter to shareholders for capital returns.
Q4 2025 diluted EPS was $0.82 versus $0.78 a year earlier; adjusted diluted EPS was $0.91 versus $0.78.
Full-year 2025 diluted EPS was $3.27 versus $3.29; adjusted diluted EPS rose to $3.44 from $3.25.
Share repurchase authorization increased $50.0 million to $220.0 million total, with about $81.2 million available.
Quarterly dividend of $0.20 per share is payable March 6, 2026, to holders of record on February 17, 2026.
Universal Technical Institute reported first-quarter fiscal 2026 results for the period ended December 31, 2025, with revenue up 9.6% to $220.8 million while net income fell to $12.8 million from $22.2 million, mainly due to strategic growth expenses. The company reiterated its fiscal 2026 guidance, which includes revenue of $905 million to $915 million, so shareholders see higher sales but lower profit in the quarter with the full-year outlook unchanged.
Revenue rose 9.6% to $220.8 million from $201.4 million; operating expenses rose 17.9% to $205.2 million.
Net income was $12.8 million versus $22.2 million a year earlier; diluted EPS was $0.23 versus $0.40.
Adjusted EBITDA fell 23.5% to $27.1 million, which the company attributed to $7.6 million in strategic growth expenses.
Fiscal 2026 guidance was reiterated: revenue of $905 million to $915 million and reported adjusted EBITDA of $114 million to $119 million.
Qualcomm reported record first-quarter fiscal 2026 revenue of $12.3 billion, up 5%, but GAAP diluted EPS fell 2% to $2.78, while non-GAAP EPS rose 3% to $3.50. The company guided second-quarter revenue to $10.2 billion to $11.0 billion, citing the impact of memory supply constraints on handset customers' demand, which signals a lower near-term outlook for shareholders.
Q1 fiscal 2026 revenues were $12,252 million, up 5% from $11,669 million a year earlier; QCT automotive revenue rose 15% to $1,101 million.
GAAP diluted EPS was $2.78 versus $2.83 a year earlier; non-GAAP diluted EPS was $3.50 versus $3.41.
Q2 fiscal 2026 guidance: revenues of $10.2 billion to $11.0 billion and non-GAAP diluted EPS of $2.45 to $2.65, including the estimated impact of memory supply constraints.
During the quarter, the company returned $3.6 billion to stockholders, including $2.6 billion of share repurchases of 15 million shares.
Allegiant reported fourth-quarter 2025 GAAP diluted EPS of $1.73, compared with a loss of $12.00 a year earlier, on consolidated revenue of $656.2 million, up 4.5%. Adjusted airline-only EPS fell 9.3% to $2.72, and full-year adjusted airline-only EPS fell 13.2% to $5.07, while the company guided to full-year 2026 adjusted EPS above $8.00 on a stand-alone basis, excluding the planned Sun Country acquisition.
Q4 2025 GAAP diluted EPS $1.73 vs. loss of $(12.00) in Q4 2024; Q4 total operating revenue $656.2 million, up 4.5%
Q4 adjusted airline-only operating margin 12.9% vs. 13.2% a year earlier; adjusted airline-only EPS $2.72 vs. $3.00
Full-year 2025 GAAP diluted loss per share $(2.48) vs. $(13.49) in 2024; full-year adjusted diluted EPS $3.80 vs. $2.48
Guidance: Q1 2026 adjusted EPS $2.50 to $3.50; full-year 2026 adjusted EPS above $8.00, excluding Sun Country
MGM Resorts inadvertently posted preliminary, unaudited fourth-quarter and full-year 2025 results on February 4, 2026, as Exhibit 99.1 to an 8-K. Fourth-quarter revenue and earnings rose from a year earlier, while full-year net income attributable to the company fell sharply and included a $278.9 million goodwill impairment. The figures remain subject to closing procedures and have not been audited or reviewed, so final numbers may differ.
Q4 2025 revenue was $4.6 billion, up from $4.3 billion in Q4 2024; diluted EPS was $1.11 versus $0.52.
Full-year 2025 net income attributable to MGM Resorts was $206 million, down from $747 million in 2024; diluted EPS was $0.76 versus $2.40.
Full-year 2025 goodwill impairment was $278.9 million; Consolidated Adjusted EBITDA was $2.43 billion versus $2.41 billion.
The information was posted inadvertently on February 4, 2026, and is subject to closing procedures and not audited or reviewed by the independent auditor.
Phillips 66 reported fourth-quarter 2025 earnings of $2.9 billion, or $7.17 per diluted share, compared with $133 million in the third quarter. Adjusted earnings were $1.0 billion, or $2.47 per share, versus $1.025 billion, or $2.52 per share, in the third quarter. The reported figure includes $2.0 billion of pre-tax special items, mainly from the partial sale of the Germany and Austria retail marketing business, while adjusted results were roughly steady.
Reported earnings $2.9 billion ($7.17 per diluted share) vs. $133 million ($0.32) in Q3 2025
Adjusted earnings $1.0 billion ($2.47 per share) vs. $1.025 billion ($2.52) in Q3 2025; sales and other operating revenues $34.1 billion vs. $34.5 billion in Q3
Full-year 2025 earnings $4.4 billion ($10.79 per share); debt reduced by $2.0 billion in the quarter to $19.7 billion
Announced 2026 capital budget of $2.4 billion, including $1.1 billion for sustaining capital
Matthews International reported first-quarter fiscal 2026 sales of $284.8 million, down 29.1% from $401.8 million a year earlier, and GAAP diluted EPS of $1.39 versus a loss of $0.11, helped by a $113.2 million gain on divestitures. Adjusted EBITDA fell to $35.2 million from $40.0 million, non-GAAP EPS was a loss of $0.19, and the company maintained its fiscal 2026 adjusted EBITDA outlook of at least $180 million.
Sales fell to $284.8 million from $401.8 million, with Brand Solutions sales down to $11.6 million from $130.8 million after divestitures.
GAAP diluted EPS was $1.39 versus a loss of $0.11, driven by a $113.2 million gain on divestitures; non-GAAP EPS was a loss of $0.19 versus $0.14 profit a year ago.
Total debt was reduced by $174 million, and the company redeemed $300 million of 8.625% notes due 2027 in January.
Fiscal 2026 adjusted EBITDA guidance of at least $180 million was maintained.
Fox reported results for the quarter ended December 31, 2025, with revenue up 2% to $5.18 billion. Net income attributable to Fox stockholders fell to $229 million ($0.52 per share) from $373 million ($0.81 per share), and Adjusted EBITDA fell to $692 million from $781 million, so higher revenue did not translate into higher profit for shareholders.
Total revenues were $5.18 billion, up $104 million or 2% from the prior year quarter, with Cable Network Programming revenue up 5%.
Net income attributable to Fox stockholders was $229 million ($0.52 per share), versus $373 million ($0.81 per share) a year earlier.
Adjusted EPS was $0.82 versus $0.96 a year earlier; Adjusted EBITDA was $692 million versus $781 million, as higher expenses more than offset the revenue increase.
The Company declared a $0.28 per share dividend payable March 25, 2026, with a record date of March 4, 2026, and had about $3.6 billion remaining on its share repurchase authorization as of December 31, 2025.
American Financial Group reported fourth-quarter 2025 net earnings of $299 million ($3.58 per share), up from $255 million ($3.03 per share) a year earlier, and declared a $1.50 per share special dividend worth about $125 million. For the full year, diluted EPS was $10.08, down from $10.57 in 2024, and fourth-quarter total revenues fell to $2.06 billion from $2.15 billion. The dividend is payable February 25, 2026, to holders of record on February 16, 2026.
Q4 2025 diluted EPS $3.58 vs $3.03 in Q4 2024; core net operating EPS $3.65 vs $3.12
Full-year 2025 diluted EPS $10.08 vs $10.57 in 2024; core net operating EPS $10.29 vs $10.75
Q4 2025 underwriting profit was a record $287 million, up 41% from $204 million
$1.50 special dividend payable February 25, 2026 to holders of record on February 16, 2026, about $125 million in total
AbbVie reported fourth-quarter and full-year 2025 results on February 4, 2026. Revenue grew in both periods, and fourth-quarter GAAP diluted EPS was $1.02 versus a loss of $0.02 a year earlier, while full-year GAAP and adjusted EPS each fell slightly. The company also issued 2026 adjusted diluted EPS guidance of $14.37 to $14.57, which excludes acquired IPR&D and milestones expense.
Full-year 2025 net revenues were $61.160 billion, up 8.6% on a reported basis; full-year GAAP diluted EPS was $2.36, down 1.3%, and adjusted diluted EPS was $10.00, down 1.2%.
Fourth-quarter 2025 net revenues were $16.618 billion, up 10.0%; GAAP diluted EPS was $1.02 versus a $0.02 loss a year earlier, and adjusted diluted EPS was $2.71 versus $2.16.
Full-year 2025 results include an unfavorable impact of $2.76 per share from acquired IPR&D and milestones expense.
2026 adjusted diluted EPS guidance is $14.37 to $14.57.
Azenta reported fiscal first-quarter 2026 results for the quarter ended December 31, 2025, with revenue of $149 million, up 1% year over year, but organic revenue declined 1%. Profitability weakened: non-GAAP diluted EPS was $0.09 versus $0.12 a year earlier, adjusted EBITDA fell to $13 million, and gross margin dropped to 42.9%. Management reiterated its fiscal 2026 guidance, which matters to shareholders because it signals the company still expects a stronger second half despite the margin pressure.
Revenue was $149 million, up 1% year over year; organic revenue declined 1%.
GAAP diluted EPS from continuing operations was ($0.11) versus ($0.16); total diluted EPS was ($0.34) including discontinued operations.
Non-GAAP diluted EPS was $0.09 versus $0.12, and adjusted EBITDA margin was 8.5% versus 10.8%.
Fiscal 2026 guidance reiterated: organic revenue growth of 3% to 5% and adjusted EBITDA margin expansion of approximately 300 basis points; the $63 million B Medical Systems sale is expected to close on or before March 31, 2026.
Flex reported third-quarter fiscal 2026 results for the period ended December 31, 2025, with net sales of $7.1 billion, up 8% from a year earlier. GAAP earnings per share fell to $0.64 from $0.67, while adjusted EPS rose to $0.87 from $0.77, and the company raised its full-year net sales and adjusted EPS guidance.
Q3 net sales were $7.1 billion, up 8%; GAAP net income was $239 million versus $263 million a year earlier.
Q3 GAAP EPS was $0.64 versus $0.67; adjusted EPS was $0.87 versus $0.77.
Fiscal 2026 net sales guidance was raised to $27.2 billion to $27.5 billion from $26.7 billion to $27.3 billion.
Fiscal 2026 adjusted EPS guidance was raised to $3.21 to $3.27 from $3.09 to $3.17.
Lear reported fourth quarter and full year 2025 results and issued its 2026 financial outlook. Fourth quarter sales rose 5% to $6.0 billion, but reported net income and earnings per share fell from a year earlier, and full year reported net income dropped to $437 million from $507 million. For shareholders, the filing sets 2026 targets, including core operating earnings of $1,030 million to $1,200 million and free cash flow of $550 million to $650 million.
Q4 2025 sales were $6.0 billion, up from $5.7 billion; net income was $83 million versus $88 million, and EPS was $1.58 versus $1.61.
Full year 2025 sales were $23.3 billion, flat year over year; reported EPS was $8.15 versus $8.97, while adjusted EPS rose to $12.80 from $12.62.
2026 outlook: net sales of $23,210 million to $24,010 million, core operating earnings of $1,030 million to $1,200 million, and free cash flow of $550 million to $650 million.
Lear repurchased $325 million of shares in 2025 and had about $775 million of share repurchase authorization remaining at the end of Q4.
T. Rowe Price reported fourth-quarter 2025 net revenues of $1.9 billion, up 6.0% from a year earlier, and GAAP diluted earnings per share of $1.99 versus $1.92. Results included a $148.8 million restructuring charge under its expense management program and net client outflows of $25.5 billion. The results are unaudited, and the firm expects KPMG to complete its audit work in mid-February before filing its 2025 Form 10-K.
Q4 2025 net revenues of $1.9 billion, up 6.0% from Q4 2024 and 2.1% from Q3 2025
GAAP diluted EPS of $1.99 versus $1.92 in Q4 2024; adjusted diluted EPS of $2.44 versus $2.12
Q4 2025 restructuring charge of $148.8 million, including $127.3 million for accelerated depreciation and impairment of owned real estate
Net client outflows of $25.5 billion in Q4 2025; assets under management of $1.8 trillion at December 31, 2025
Valvoline reported first-quarter results for the period ended December 31, 2025, with revenue up 11% to $462 million and system-wide same store sales up 5.8%. The company posted a loss from continuing operations of $32 million, or $0.25 per diluted share, which it attributed mainly to an FTC-required divestiture of certain Breeze stores, compared with income of $0.73 per share a year earlier. Adjusted EPS rose 16% to $0.37, but shareholders face a reported loss and total debt of $1.7 billion after the Breeze acquisition.
Net revenues were $461.8 million, up 11% from $414.3 million a year earlier.
Loss from continuing operations was $32.2 million, or $(0.25) per diluted share, versus income of $93.9 million, or $0.73 per share, in the prior-year quarter.
Adjusted EPS was $0.37, up 16%; adjusted EBITDA was $117.4 million, up 14%.
Total debt was $1.7 billion at December 31, 2025, including a newly issued Term Loan B tied to the Breeze acquisition; the filing gives no updated guidance.
IDEX reported fourth-quarter 2025 net sales of $899.1 million, up 4% on a reported basis and 1% organically, with reported diluted EPS of $1.71, up 6%. For full year 2025, sales rose 6% to $3.5 billion, but reported diluted EPS fell 3% to $6.41, while adjusted diluted EPS rose 1% to $7.95. The company also projected 2026 adjusted diluted EPS of $8.15 to $8.35.
Q4 2025 net sales $899.1 million, up 4% reported and 1% organic; Q4 reported diluted EPS $1.71, up 6%
Full year 2025 net sales $3,457.5 million, up 6%; reported diluted EPS $6.41, down 3%
Full year 2025 adjusted diluted EPS $7.95, up 1%; operating cash flow $680.4 million
2026 outlook: full year adjusted diluted EPS $8.15 to $8.35; full year organic sales up 1% to 2%
Performance Food Group reported fiscal second-quarter 2026 net sales of $16.4 billion, up 5.2%, and net income of $61.7 million, up 45.5%. The company lowered its full-year fiscal 2026 net sales and Adjusted EBITDA ranges, citing a refined outlook, while Adjusted Diluted EPS was flat at $0.98 for the quarter.
Q2 fiscal 2026 net sales rose 5.2% to $16.4 billion; diluted EPS was $0.39 versus $0.27 a year earlier.
Adjusted Diluted EPS remained flat at $0.98; Adjusted EBITDA rose 6.7% to $451.2 million.
Full-year fiscal 2026 Adjusted EBITDA outlook lowered to $1.875 billion to $1.975 billion from $1.9 billion to $2.0 billion.
Full-year net sales outlook lowered to $67.25 billion to $68.25 billion from $67.5 billion to $68.5 billion.
Reynolds Consumer Products reported fourth-quarter 2025 net revenues of $1,034 million, up from $1,021 million a year earlier, while GAAP net income fell to $118 million from $121 million, and adjusted net income rose to $125 million. For fiscal 2026, the company expects net income of $331 million to $343 million, above the $301 million reported for 2025, and it declared a $0.23 quarterly dividend.
Q4 2025 net revenues were $1,034 million vs $1,021 million in Q4 2024; GAAP diluted EPS was $0.56 vs $0.58
Q4 2025 adjusted EPS was $0.59 vs $0.58; full-year 2025 GAAP net income was $301 million vs $352 million
2026 guidance: net revenues -3% to +1% vs 2025, net income $331 million to $343 million, adjusted EBITDA $660 million to $675 million
Quarterly dividend of $0.23 per share payable February 27, 2026, to holders of record on February 13, 2026
Uber reported fourth-quarter 2025 revenue of $14.4 billion, up 20% year over year, and GAAP income from operations of $1.8 billion, up 130%. GAAP net income fell 96% to $296 million because of a $1.6 billion pre-tax headwind from revaluations of equity investments. CFO Prashanth Mahendra-Rajah will step down on February 16, 2026, and Balaji Krishnamurthy will succeed him as CFO.
Q4 2025 Gross Bookings were $54.1 billion, up 22% year over year, and free cash flow was $2.8 billion.
GAAP net income was $296 million, or $0.14 diluted EPS, versus $6.9 billion a year earlier, which included a $6.4 billion tax valuation release.
Q1 2026 outlook: Gross Bookings of $52.0 billion to $53.5 billion and non-GAAP EPS of $0.65 to $0.72.
Krishnamurthy's CFO pay includes a $600,000 base salary, RSU awards of $9,375,000, option awards of $3,125,000 and a one-time RSU award of $5,000,000.
Timken reported fourth-quarter 2025 sales of $1.11 billion, up 3.5% from a year earlier, but diluted EPS fell to $0.89 from $1.01 and net income margin declined to 5.6%. For full-year 2025, diluted EPS was $4.11 versus $4.99 in 2024, and the company set an initial 2026 diluted EPS outlook of $4.50 to $5.00 and adjusted EPS of $5.50 to $6.00.
Q4 2025 sales were $1.11 billion, up 3.5%; organic sales rose 1.3%
Q4 diluted EPS was $0.89 versus $1.01; adjusted EPS was $1.14 versus $1.16
Full-year 2025 free cash flow was $406.1 million, up from $305.7 million in 2024
2026 outlook: diluted EPS of $4.50 to $5.00 and planned revenue growth of 2% to 4%
Adient reported results for the quarter ended December 31, 2025, with net sales of $3.64 billion, up from $3.50 billion a year earlier. The company posted a net loss attributable to Adient of $22 million, or $0.28 per diluted share, compared with break-even a year earlier, while adjusted diluted EPS rose to $0.35 from $0.27. Free cash flow fell to $15 million from $45 million, so shareholders see higher sales and adjusted earnings alongside a reported loss and weaker cash generation.
Net sales rose to $3,644 million from $3,495 million in the prior-year quarter.
Net loss attributable to Adient was $22 million, or $(0.28) per diluted share, versus break-even a year earlier.
Adjusted diluted EPS was $0.35, up from $0.27; adjusted EBITDA was $207 million versus $196 million.
Free cash flow was $15 million, down from $45 million; the filing gives no full-year guidance.
Avery Dennison reported preliminary, unaudited fourth-quarter 2025 sales of $2.3 billion, up 3.9%, and adjusted EPS of $2.45, up 2.9%, while reported EPS was $2.15, down slightly from $2.16. For full-year 2025, it reported net sales of $8.9 billion, up 1.1%, and adjusted EPS of $9.53, up 1.1%, and it guided first-quarter 2026 adjusted EPS to $2.40 to $2.46.
Q4 2025 net sales were $2,271.2 million, up 3.9% from $2,185.7 million; reported net income fell 4.4% to $166.4 million.
Full-year 2025 reported EPS was $8.79, up 0.7%, and adjusted EPS was $9.53, up 1.1%.
First-quarter 2026 guidance: reported EPS of $2.27 to $2.33 and adjusted EPS of $2.40 to $2.46.
The company returned $861 million to shareholders in 2025 through dividends and share repurchases, and its net debt to adjusted EBITDA ratio was 2.4x.
Boston Scientific reported fourth-quarter 2025 net sales of $5.286 billion, up 15.9 percent from a year earlier, and adjusted EPS of $0.80, above its $0.77 to $0.79 guidance range. GAAP EPS was $0.45, below its $0.48 to $0.52 guidance range, after a $194 million litigation-related net charge. The company also estimated 2026 adjusted EPS of $3.43 to $3.49.
Q4 net sales of $5.286 billion, up 15.9 percent reported and 12.7 percent organic, versus guidance of 14.5 to 16.5 percent reported.
GAAP EPS of $0.45 versus $0.38 a year earlier and guidance of $0.48 to $0.52; adjusted EPS of $0.80 versus $0.70 a year earlier.
Litigation-related net charges of $194 million in the fourth quarter.
2026 guidance: reported net sales growth of 10.5 to 11.5 percent and adjusted EPS of $3.43 to $3.49.
Equifax reported fourth quarter 2025 revenue of $1.55 billion, up 9%, and diluted EPS of $1.44 versus $1.39 a year earlier. It also issued full-year 2026 guidance with revenue of about $6.72 billion (midpoint, up about 10.5%) and Adjusted EPS of $8.50 per share, and said it returned $561 million to shareholders in the quarter. Adjusted EPS for the quarter fell 1%, so shareholders get mixed signals from the period even as headline revenue and GAAP earnings grew.
Q4 2025 revenue $1.551 billion, up 9%, and $30 million above the midpoint of October guidance
Q4 diluted EPS $1.44 vs. $1.39; Q4 adjusted EPS $2.09, down 1% from $2.12
FY 2026 guidance midpoints: revenue $6.72 billion and Adjusted EPS $8.50 per share (up 11%)
Repurchased 2.3 million shares for $500 million in Q4 under a $3 billion repurchase program
GE HealthCare reported fourth quarter and full year 2025 results on February 4, 2026, with revenue up in both periods. Fourth quarter diluted EPS fell to $1.29 from $1.57 as tariff expense weighed on profit, while full year diluted EPS rose to $4.55 from $4.34. The company also introduced 2026 guidance calling for adjusted EPS of $4.95 to $5.15.
Q4 2025 revenue of $5.7 billion, up 7.1%; organic revenue growth of 4.8%
Q4 diluted EPS of $1.29 versus $1.57; adjusted EPS of $1.44 versus $1.45
Full year 2025 revenue of $20.6 billion, up 4.8%; diluted EPS of $4.55 versus $4.34
2026 guidance: adjusted EPS of $4.95 to $5.15 and free cash flow of approximately $1.7 billion; $2.3 billion Intelerad acquisition expected to close in first half of 2026
Bunge reported fourth-quarter and full-year 2025 results on February 4, 2026. Net sales rose to $23.8 billion in the quarter from $13.5 billion a year earlier, but GAAP diluted EPS fell to $0.49 from $4.36, and net income attributable to Bunge fell to $95 million from $602 million. The company also expects 2026 adjusted EPS of $7.50 to $8.00.
Q4 2025 GAAP diluted EPS was $0.49 vs. $4.36 a year earlier; adjusted EPS was $1.99 vs. $2.13
Full-year 2025 GAAP diluted EPS was $4.93 vs. $7.99; adjusted EPS was $7.57 vs. $9.19
Full-year 2025 net sales were $70.3 billion vs. $53.1 billion, and net income attributable to Bunge was $816 million vs. $1.14 billion
2026 outlook: adjusted EPS of $7.50 to $8.00; Investor Day scheduled for March 10
Stanley Black & Decker reported fourth quarter 2025 net sales of $3.7 billion, down 1% from a year earlier, and diluted EPS of $1.04 versus $1.28 in the prior-year quarter. For full year 2025, net sales were $15.1 billion, down 2%, while diluted EPS rose to $2.65 from $1.95. The company expects 2026 GAAP EPS of $3.15 to $4.35 and adjusted EPS of $4.90 to $5.70.
Q4 2025 net sales were $3.7 billion, down 1%; diluted GAAP EPS was $1.04 versus $1.28 a year earlier, and adjusted EPS was $1.41.
Full year 2025 net sales were $15.1 billion, down 2%; diluted GAAP EPS was $2.65 versus $1.95, and adjusted EPS was $4.67.
2026 planning assumptions: GAAP EPS of $3.15 to $4.35 and adjusted EPS of $4.90 to $5.70; free cash flow target of $700 to $900 million.
Definitive agreement to sell the CAM business for $1.8 billion in cash, announced December 22, 2025, expected to close in the first half of 2026.
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