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).
Centene reported fourth-quarter and full-year 2025 results in a February 6, 2026 press release furnished under this 8-K. The full-year GAAP diluted loss of $13.53 per share reflected a $6.7 billion goodwill impairment, while adjusted diluted EPS was $2.08, and the company guided to 2026 adjusted diluted EPS greater than $3.00.
Full-year 2025 premium and service revenues rose 20% to $174.6 billion, and total revenues were $194.8 billion.
Full-year 2025 adjusted diluted EPS was $2.08, compared with $7.17 in 2024; the GAAP loss was driven by the $6.7 billion goodwill impairment.
Fourth-quarter 2025 GAAP diluted loss was $(2.24) per share and adjusted diluted loss was $(1.19) per share; the consolidated HBR was 94.3%.
2026 guidance calls for GAAP diluted EPS greater than $1.98, adjusted diluted EPS greater than $3.00, and total revenues of $186.5 billion to $190.5 billion.
Post Holdings reported first-quarter fiscal 2026 net sales of $2.2 billion, up 10.1%, and raised its fiscal 2026 Adjusted EBITDA outlook to $1,550-$1,580 million from $1,500-$1,540 million. GAAP net earnings fell 14.6% to $96.8 million, and the company also board-approved a new $500 million share repurchase authorization and appointed two directors.
Net sales were $2,174.6 million, up 10.1% from $1,974.7 million; Adjusted EBITDA rose 13.1% to $418.2 million.
Net earnings were $96.8 million, down 14.6%; diluted EPS was $1.71 versus $1.78, while Adjusted diluted EPS was $2.13 versus $1.73.
Board approved a $500 million share repurchase authorization effective February 7, 2026, and cancelled the existing authorization effective February 6, 2026; $377.9 million had been repurchased under the existing one as of February 4, 2026.
Michelle M. Atkinson and Jeff A. Zadoks were appointed directors effective March 15, 2026, bringing the Board to nine members.
AptarGroup reported fourth-quarter 2025 results with sales up 14% to $963 million, but reported net income fell 26% to $74 million and reported diluted EPS fell 24% to $1.13. Adjusted EPS was $1.25 versus $1.62 a year earlier, and the company set first-quarter 2026 adjusted EPS guidance of $1.13 to $1.21 while approving a new $600 million share repurchase authorization.
Q4 reported sales rose 14% to $963 million; core sales rose 5%, with all three segments showing core sales growth
Q4 reported diluted EPS was $1.13 versus $1.49 a year earlier; adjusted EPS was $1.25 versus $1.62
Q1 2026 adjusted EPS guidance is $1.13 to $1.21, assuming a 21.0% to 23.0% effective tax rate
Board approved a new authorization to repurchase up to $600 million of common stock; Q4 repurchases totaled $175 million
Kodiak Gas Services agreed to buy Distributed Power Solutions, LLC for about $675 million, paid as $575 million in cash plus 2,401,278 new shares of Kodiak common stock valued at about $100 million. The company expects the deal to close in early April 2026, subject to regulatory approvals, and says it will be immediately accretive to earnings and discretionary cash flow per share. Shareholders would face dilution from the new shares and the deal depends on closing conditions and approvals.
Cash consideration of $575 million at closing, plus 2,401,278 shares of common stock valued at about $100 million
Expected closing in early April 2026, subject to Hart-Scott-Rodino waiting periods and other customary conditions
Outside Date of May 31, 2026; buyer may owe a $37.125 million termination fee in certain cases where sellers terminate for buyer breach
Sellers agreed to a 180-day lock-up on the Kodiak shares received, with exceptions for certain transfers
Mettler-Toledo reported fourth-quarter 2025 reported sales of $1.130 billion, up 8%, and adjusted EPS of $13.36, up 8%. For 2026 it forecasts adjusted EPS of $46.05 to $46.70, up from its prior range of $45.35 to $46.00, while keeping local currency sales growth guidance at about 4%. The company's full-year 2025 adjusted operating profit of $1.193 billion was slightly below the prior year's $1.200 billion.
Q4 2025 reported sales rose 8% to $1.130 billion; local currency sales rose 5%, including a 1% benefit from acquisitions.
Q4 2025 diluted EPS was $13.98 versus $11.96, including a non-cash discrete tax benefit of $0.95 per share; adjusted EPS was $13.36 versus $12.41.
Full-year 2025 reported sales rose 4% to $4.026 billion and adjusted EPS rose 4% to $42.73, while adjusted operating profit fell 1% to $1.193 billion.
2026 adjusted EPS guidance is $46.05 to $46.70 versus the prior $45.35 to $46.00; first-quarter 2026 adjusted EPS is forecast at $8.60 to $8.75.
Unum Group reported fourth-quarter 2025 net income of $174.1 million ($1.04 per diluted share), down from $348.7 million ($1.92 per diluted share) a year earlier, and included an $82.0 million after-tax pension settlement loss. The company forecast 2026 after-tax adjusted operating income of $8.60 to $8.90 per share, which it says represents growth of about 8% to 12% over its redefined 2025 result of $7.93 per share.
Q4 2025 net income was $174.1 million ($1.04 per diluted share), compared with $348.7 million ($1.92 per diluted share) in Q4 2024.
Q4 2025 included an $82.0 million after-tax settlement loss ($0.49 per diluted share) on the U.S. pension plan annuity purchase.
2026 outlook: after-tax adjusted operating income of $8.60 to $8.90 per share, versus a redefined 2025 result of $7.93 per share.
Book value per common share was $67.11 at December 31, 2025, up from $61.38 a year earlier; 2025 shareholder returns totaled about $1.3 billion, including $1.0 billion of share repurchases.
EGH Acquisition Corp. furnished a February 5, 2026 investor presentation on its proposed business combination with Hecate Energy Group LLC. The deck describes Hecate as a US renewable energy developer with a 25.0 GW gross pipeline and a plan to advance 6-10 GW of projects in 2026. The filing does not state deal terms or financial results, and the transaction still requires an SEC registration statement and EGH shareholder approval.
Investor presentation dated February 5, 2026, furnished as Exhibit 99.1 and not deemed filed under Section 18 of the Exchange Act
Company intends to advance development of 6-10 GW of projects during 2026
EGH intends to file a registration statement with a proxy statement/prospectus; the combination requires EGH shareholder approval
Coty reported fiscal second-quarter 2026 results, with net revenue up 1% on a reported basis but down 3% like-for-like, and a reported net loss of $126.9 million compared with net income of $20.4 million a year earlier. The company withdrew its prior fiscal 2026 EBITDA and free cash flow guidance and will give outlook only for the third quarter, under interim CEO Markus Strobel, which leaves shareholders with less visibility on full-year results.
Q2 net revenue of $1,678.6 million rose 1% reported and fell 3% like-for-like; adjusted EBITDA of $330.2 million fell 15%
Reported net loss of $126.9 million vs. net income of $20.4 million a year earlier; adjusted EPS of $0.14 vs. $0.11
FY26 EBITDA and free cash flow guidance withdrawn; Q3 adjusted EBITDA expected at $100 million to $110 million
Markus Strobel became Executive Chairman and Interim CEO effective January 1, 2026; Wella stake sold to KKR for $750 million upfront
Molina Healthcare reported a fourth-quarter 2025 GAAP loss of $3.15 per diluted share and full-year 2025 adjusted earnings of $11.03 per share, down 51% from the prior year. For 2026, it guided to adjusted earnings of at least $5.00 per diluted share and premium revenue of about $42 billion, a roughly 2% decline, and said it will exit its traditional Medicare Advantage Part D product for 2027.
Q4 2025 GAAP loss of $3.15 per diluted share and adjusted loss of $2.75, burdened by about $2.00 of unfavorable retroactive revenue items
Full-year 2025 total revenue of $45.4 billion, up from $40.7 billion, while GAAP EPS fell to $8.92 from $20.42
2026 guidance: GAAP EPS of at least $3.20 and adjusted EPS of at least $5.00, burdened by $2.50 per share from a new Florida Medicaid contract and the Part D product
Company will exit the MAPD product, which has about $1 billion in annual premium, for 2027
Power Integrations reported fourth-quarter 2025 net revenue of $103.2 million, down 2% from a year earlier and down 13% from the prior quarter, while full-year 2025 revenue rose 6% to $443.5 million. The company also approved a reduction of about 7% of its global workforce, with $3.5 million to $4.0 million of severance costs expected in the first quarter of 2026, and guided first-quarter 2026 revenue to $104 million to $109 million.
Q4 2025 GAAP net income was $13.3 million, or $0.24 per diluted share, versus $0.16 a year earlier and a $0.02 loss in the prior quarter.
Full-year 2025 GAAP net income was $22.1 million, or $0.39 per diluted share, versus $0.56 in 2024.
Reduction in force terminated about 7% of global workforce on February 2, 2026, with costs of $3.5 million to $4.0 million expected mainly in Q1 2026.
Balu Balakrishnan stepped down as Chairman; Balakrishnan S. Iyer was appointed Chairman, and the Board will no longer have a Lead Independent Director.
Verizon disclosed that Sowmyanarayan Sampath ceased to serve as Executive Vice President and Group CEO of Verizon Consumer effective February 4, 2026. He will serve in an advisory capacity until March 27, 2026, when he is expected to leave the company. The filing does not name a successor or give a reason for the change.
Sowmyanarayan Sampath ceased to serve as EVP and Group CEO - Verizon Consumer on February 4, 2026
Advisory role until March 27, 2026, the date he is expected to leave the company
Filing does not name a successor or state the reason for the departure
ESCO Technologies reported first-quarter fiscal 2026 sales of $290 million, up 35% from a year earlier, and GAAP earnings per share from continuing operations of $1.11, up 41%. The company raised its full-year adjusted EPS guidance to $7.90 to $8.15 per share, which the filing says reflects a midpoint increase of $0.38.
Q1 sales rose $75 million (35.0%) to $290 million; entered orders rose 143% to $557 million.
GAAP EPS from continuing operations was $1.11, up from $0.79; adjusted EPS was $1.64, up from $0.95.
Full-year fiscal 2026 revenue guidance raised by $20 million to $1.29 billion to $1.33 billion; adjusted EPS guidance raised to $7.90 to $8.15 from $7.50 to $7.80.
Quarterly dividend of $0.08 per share is payable April 17, 2026 to holders of record on April 2, 2026.
Strategy Inc reported a fourth-quarter 2025 operating loss of $17.4 billion, which includes an unrealized loss on its digital assets, compared with a $1.0 billion operating loss a year earlier. The company also set a monthly framework for recommending changes to the STRC preferred stock dividend rate, tied to the stock's volume-weighted average price near its $100 stated amount.
Net loss of $12.4 billion, or $42.93 per diluted common share, versus a net loss of $670.8 million, or $3.03 per share, in Q4 2024
Total revenues of $123.0 million, up 1.9% year over year; gross profit of $81.3 million, down from $86.5 million a year earlier
Holds 713,502 bitcoin; market price of about $83,740 per bitcoin as of January 30, 2026
STRC dividend rate is 11.25%; any rate change under the new framework requires board approval
Following the January 30, 2026 completion of its merger with PotlatchDeltic, Rayonier disclosed that Wayne Wasechek was appointed Executive Vice President and Chief Financial Officer at the merger's effective time. The filing says he is expected to receive a $535,000 base salary, a target annual cash incentive of 100% of base salary, and long-term incentive awards with a target grant date fair value of $975,000.
Merger with PotlatchDeltic completed January 30, 2026
Wayne Wasechek appointed Executive Vice President and Chief Financial Officer
Expected base salary of $535,000 with a cash incentive target of 100% of base salary
Expected long-term incentive awards with a target grant date fair value of $975,000
Hub Group said preliminary 2025 revenue of about $3.7 billion fell from $3.9 billion in 2024, and it delayed its full earnings release. The company will restate its first three quarters of 2025 because it understated purchased transportation costs and accounts payable, and it expects to report ineffective internal controls for 2025, which raises doubt about the reliability of earlier reported results.
Preliminary 2025 consolidated operating revenue of about $3.7 billion, versus $3.9 billion in 2024
Q1, Q2 and Q3 2025 financial statements should no longer be relied upon; restatement covers the first nine months of 2025
Total reduction to accounts payable and purchased transportation costs recorded in those periods was $77 million; the full impact is not yet estimated
Cash and restricted cash of about $140 million and net debt of about $116 million as of December 31, 2025
Reddit reported fourth-quarter 2025 revenue of $726 million, up 70% year over year, and net income of $252 million, compared with $71 million a year earlier. The company also gave first-quarter 2026 estimates of $595 million to $605 million in revenue and $210 million to $220 million in Adjusted EBITDA, and its board authorized up to $1 billion in Class A share repurchases, which the company may suspend or discontinue at any time.
Q4 2025 revenue was $726 million, up 70% year over year; ad revenue was $690 million, up 75%.
Q4 2025 net income was $252 million, an improvement of $181 million; Adjusted EBITDA was $327 million.
Q1 2026 estimates: revenue of $595 million to $605 million and Adjusted EBITDA of $210 million to $220 million.
Board authorized a share repurchase program of up to $1 billion of Class A common stock with no expiration date.
Fortinet reported fourth-quarter 2025 revenue of $1.91 billion, up 15% from a year earlier, and non-GAAP diluted earnings of $0.81 per share versus $0.74. GAAP net income for the quarter fell to $506.0 million from $526.2 million, and the board raised the share repurchase authorization by $1.0 billion to a total of up to $10.25 billion through February 28, 2027.
Q4 2025 revenue rose 15% year over year to $1.91 billion; total billings rose 18% to $2.37 billion.
Q4 GAAP diluted EPS was $0.68, flat with the prior year; non-GAAP diluted EPS was $0.81 versus $0.74.
Guidance for Q1 2026 revenue is $1.700 billion to $1.760 billion; full-year 2026 revenue is $7.500 billion to $7.700 billion.
About $1.38 billion remained available under the buyback as of February 4, 2026, including the $1.0 billion increase.
Werner Enterprises reported a fourth-quarter 2025 net loss attributable to Werner of $27.8 million, or $0.46 per diluted share, compared with net income of $11.9 million, or $0.19 per share, a year earlier, as revenue fell 2% and a $44.2 million restructuring and impairment charge hit operating results. The company also said it closed its $282.8 million acquisition of FirstFleet on January 27, 2026, and gave 2026 guidance that includes FirstFleet.
Fourth-quarter revenue was $737.6 million, down $17.0 million, or 2%, from a year earlier.
Operating loss was $35.8 million, compared with operating income of $13.4 million in fourth quarter 2024.
A restructuring and impairment charge of $44.2 million was recorded in the quarter, of which $42.7 million was non-cash.
FirstFleet acquisition closed January 27, 2026 for a total purchase price of $282.8 million; 2026 net capital expenditures are guided to $185 million to $225 million.
Paylocity reported fiscal second-quarter 2026 results for the period ended December 31, 2025, with total revenue of $416.1 million, up 10.4%, and GAAP net income of $50.2 million, or $0.92 per diluted share, compared with $37.5 million, or $0.66, a year earlier. The press release says the company increased its revenue and profitability guidance for fiscal 2026, which now calls for total revenue of $1.732 billion to $1.742 billion.
Q2 total revenue was $416.1 million, up 10.4% from the prior-year quarter; recurring and other revenue was $387.0 million, up 11.3%.
GAAP net income was $50.2 million, or $0.92 per diluted share, versus $37.5 million, or $0.66, in the prior-year quarter.
Fiscal 2026 total revenue guidance is $1.732 billion to $1.742 billion; third-quarter total revenue guidance is $487.0 million to $492.0 million.
The company repurchased $100 million, or 690,000 shares, of common stock in the second quarter.
Flowserve reported fourth quarter 2025 net loss attributable to the company of $29.0 million, or $0.23 per diluted share, versus earnings of $0.59 per share a year earlier, after a $140.1 million loss on divesting asbestos-related assets and liabilities. Adjusted EPS rose to $1.11 from $0.70, and sales rose 3.5% to $1.22 billion. The company also initiated 2026 guidance for adjusted EPS of $4.00 to $4.20 and agreed to buy Trillium Flow Technologies' Valves Division for $490 million in cash, with closing expected mid-year 2026.
Q4 2025 reported EPS was a loss of $0.23 versus $0.59 in Q4 2024; adjusted EPS was $1.11 versus $0.70.
Full year 2025 sales were $4.73 billion, up 3.8%, and full year diluted EPS was $2.64 versus $2.14.
2026 guidance: total sales growth of 5% to 7% and adjusted EPS of $4.00 to $4.20.
Trillium Valves acquisition for $490 million in cash, subject to customary closing conditions and regulatory approvals, with closing expected mid-year 2026.
Gen Digital reported third-quarter fiscal 2026 results for the quarter ended January 2, 2026, with revenue of $1,240 million, up 26% from a year earlier, and GAAP diluted EPS of $0.31, up from $0.26. The company raised its non-GAAP fiscal 2026 revenue and EPS guidance and declared a regular quarterly dividend of $0.125 per share.
Q3 revenue of $1,240 million, up 26%; GAAP operating income of $433 million, up 16%; GAAP diluted EPS of $0.31, up 22%
Non-GAAP FY26 revenue guidance raised to $4.955 billion to $4.975 billion from $4.920 billion to $4.970 billion; non-GAAP EPS guidance raised to $2.54 to $2.56 from $2.51 to $2.56
Non-GAAP Q4 FY26 guidance: revenue of $1.24 billion to $1.26 billion and EPS of $0.64 to $0.66
Quarterly dividend of $0.125 per share, payable March 11, 2026, to holders of record on February 16, 2026
Doximity reported fiscal third-quarter revenue of $185.1 million, up 10% year-over-year, while GAAP net income fell to $61.6 million from $75.2 million. The company updated its full-year fiscal 2026 revenue and adjusted EBITDA guidance and authorized a new $500 million share repurchase program. Chief Financial Officer Anna Bryson is on a temporary medical leave, and Chief Accounting Officer Siddharth Sitaram has been named interim principal financial and accounting officer effective February 3, 2026.
Q3 revenue of $185.1 million, up 10%; GAAP diluted EPS of $0.31 versus $0.37 a year earlier
Adjusted EBITDA of $111.4 million, up 9%; non-GAAP diluted EPS of $0.46 versus $0.45
Fiscal 2026 revenue guidance updated to $642.5 million to $643.5 million; adjusted EBITDA guidance to $355.5 million to $356.5 million
CFO Anna Bryson on temporary medical leave; Siddharth Sitaram appointed interim principal financial officer effective February 3, 2026
Monolithic Power Systems reported fourth-quarter 2025 revenue of $751.2 million, up 20.8% from a year earlier, and raised its quarterly dividend from $1.56 to $2.00 per share. GAAP diluted earnings of $3.46 per share fell from $29.88 a year earlier, but that prior-year figure included a $1,285.4 million tax benefit, and non-GAAP diluted earnings rose to $4.79 from $4.09. CFO Bernie Blegen also said he will retire, with Corporate Controller Rob Dean named interim CFO.
Q4 2025 revenue was $751.2 million, up 20.8% from $621.7 million in Q4 2024.
GAAP diluted EPS was $3.46 versus $29.88 a year earlier, which included a $1,285.4 million tax benefit; non-GAAP diluted EPS was $4.79 versus $4.09.
Quarterly dividend increased from $1.56 to $2.00 per share, payable April 15, 2026 to holders of record March 31, 2026.
CFO Bernie Blegen plans to retire; Corporate Controller Rob Dean becomes interim CFO upon filing of the 2025 Form 10-K. Q1 2026 revenue outlook is $770.0 million to $790.0 million.
Target's board-approved leadership transition took effect February 1, 2026, with Michael J. Fiddelke becoming Chief Executive Officer and a board member, and Brian C. Cornell stepping down as CEO to serve as Executive Chair. The filing details pay for both executives, which shareholders can use to gauge the cost of the change, though it reports no change in financial results.
Fiddelke: base salary of $1.30 million, 200% target annual cash incentive, and stock awards with a $12.1 million target payout value, granted in March 2026
Cornell: base salary of $1.12 million, 200% target annual cash incentive for fiscal 2026, and a March 2026 restricted stock unit award with a $6.0 million present value
Cornell will no longer be entitled to severance under Target's Income Continuation Plan and is anticipated to serve as executive chair or special advisor until March 13, 2027
Construction Partners reported fiscal first-quarter 2026 revenue of $809.5 million, up 44.1% from a year earlier, and net income of $17.2 million, compared with a net loss of $3.1 million in the prior-year quarter. The company also raised its fiscal 2026 outlook for revenue, net income, Adjusted net income and Adjusted EBITDA, citing better-than-expected first-quarter results and the recently closed Houston acquisition.
Revenue was $809.5 million, up from $561.6 million; gross profit was $121.5 million versus $76.6 million
Net income was $17.2 million, or $0.31 diluted EPS, versus a net loss of $3.1 million, or $0.06 per diluted share, a year earlier
Adjusted EBITDA was $112.2 million, up 63.1%; Adjusted EBITDA margin was 13.9% versus 12.3%
Fiscal 2026 revenue outlook is $3.48 billion to $3.56 billion; project backlog was a record $3.09 billion at December 31, 2025
NOV reported fourth-quarter 2025 revenue of $2.28 billion, down 1% from a year earlier, and a net loss of $78 million, or $0.21 per share, compared with net income of $160 million in the same quarter of 2024. The company guided first-quarter 2026 revenue down 1% to 3% year over year and Adjusted EBITDA of $200 million to $225 million, and expects full-year 2026 EBITDA in line to slightly lower than 2025, which weighs on near-term earnings for shareholders.
Q4 2025 net loss of $78 million, or $0.21 per share, versus net income of $160 million a year earlier; results include $86 million in pre-tax Other Items, mainly goodwill and long-lived asset impairments
Q4 2025 revenue of $2.28 billion, down 1% year over year; Adjusted EBITDA of $267 million, down 12%
Full-year 2025 net income of $145 million, or $0.39 per share, down from $635 million in 2024; full-year free cash flow of $876 million
Q1 2026 guidance: consolidated revenue down 1% to 3% year over year and Adjusted EBITDA of $200 million to $225 million
MKS Inc. closed a private offering of €1.0 billion of 4.250% senior notes due 2034 on February 4, 2026, and used the proceeds with cash on hand to prepay about $1.3 billion of its U.S. dollar term loan. The same day it refinanced its term loans and revolving credit facility at lower interest margins, and the company expects about $27 million in annualized cash interest savings. For shareholders, the filing points to lower borrowing costs and longer debt maturities, while the company also takes on €1.0 billion of new senior unsecured debt.
€1.0 billion of 4.250% senior notes due February 15, 2034 were sold in a private offering completed February 4, 2026.
Proceeds plus cash on hand prepaid about $1.3 billion of the $2.2 billion USD tranche B term loan.
The USD tranche B term loan margin fell from 2.00% to 1.75% (SOFR), and the revolver now matures in 2031.
The company expects annualized cash interest savings of approximately $27 million from the combined actions.
ScanSource reported second-quarter fiscal 2026 net sales of $766.5 million, up 2.5% year over year, and GAAP diluted EPS of $0.75, up from $0.70, while non-GAAP diluted EPS fell to $0.80 from $0.85. The company replaced its prior fiscal 2026 outlook with lower net sales of $3.0 billion to $3.1 billion and lower adjusted EBITDA of $140 million to $150 million, so shareholders face a weaker full-year forecast despite higher quarterly sales.
Q2 net sales were $766.5 million, up 2.5%; adjusted EBITDA was $31.2 million, down 11.6%.
GAAP diluted EPS was $0.75 versus $0.70; non-GAAP diluted EPS was $0.80 versus $0.85.
FY26 net sales outlook cut to $3.0 billion to $3.1 billion from $3.1 billion to $3.3 billion.
FY26 adjusted EBITDA outlook cut to $140 million to $150 million from $150 million to $160 million; free cash flow outlook unchanged at at least $80 million.
Ralph Lauren reported fiscal third-quarter 2026 revenue of $2.4 billion, up 12% on a reported basis and 10% in constant currency, with reported diluted EPS of $5.82 versus $4.66 a year earlier. The company raised its full-year fiscal 2026 constant-currency revenue growth outlook and operating margin expansion outlook, but expects fourth-quarter operating margin to contract.
Q3 revenue $2.4 billion, up 12% reported and 10% constant currency; net income $362 million
Diluted EPS $5.82 reported, up 25% from $4.66; adjusted diluted EPS $6.22 versus $4.82
Fiscal 2026 revenue growth outlook raised to high-single to low-double digits in constant currency, up from 5% to 7%
Fourth-quarter operating margin expected to contract 80 to 120 basis points in constant currency, reflecting higher U.S. tariffs and marketing spend
Estée Lauder reported fiscal 2026 second-quarter results for the quarter ended December 31, 2025, with net sales up 6% to $4.2 billion and GAAP diluted earnings of $.44 per share, compared with a loss in the prior year. The company raised its fiscal 2026 adjusted diluted EPS outlook to $2.05 to $2.25, though it cited ongoing macroeconomic uncertainty and a roughly $100 million tariff headwind.
Net sales rose 6% to $4.2 billion in the quarter, with organic net sales up 4%; adjusted operating margin was 14.4%, compared with 11.5% a year earlier.
GAAP diluted EPS was $.44, compared with a loss of $(1.64) a year earlier; adjusted diluted EPS was $.89, up 43% from $.62.
For fiscal 2026, adjusted diluted EPS outlook is $2.05 to $2.25, and reported net sales growth is now forecast at 3% to 5%.
The board declared a quarterly dividend of $.35 per share, payable March 16, 2026 to holders of record on February 27, 2026.
Griffon reported fiscal first-quarter 2026 revenue of $649.1 million, up 3%, while net income fell to $64.4 million, or $1.41 per diluted share, from $70.9 million, or $1.49. The company also announced a joint venture with ONCAP for its AMES U.S. and Canada businesses, a strategic review of AMES Australia and UK, and a combination of Hunter Fan with the HBP segment, which will be reported as discontinued operations starting in fiscal second quarter.
Revenue $649.1 million, up 3% from $632.4 million; diluted EPS $1.41 vs. $1.49, adjusted EPS $1.45 vs. $1.39
Adjusted EBITDA $129.6 million, down 1% from $131.2 million
Joint venture with ONCAP covers AMES U.S. and Canada; AMES Australia and UK under strategic review
Fiscal 2026 outlook: continuing-operations revenue of $1.8 billion and adjusted EBITDA of $520 million, excluding $62 million of unallocated costs
Stellus Capital Management, the external investment adviser to Stellus Capital Investment Corporation, has signed a definitive agreement to be acquired by P10, Inc. (NYSE: PX). The deal results in a change of control of the adviser, which terminates the current advisory agreement at closing, so the company's board and stockholders will be asked to approve a new advisory agreement with substantially the same terms apart from the initial term.
P10, Inc. (NYSE: PX) will acquire Stellus Capital Management, which the release says has $3.8 billion in assets under management
Current Stellus partners will keep control of day-to-day operations, including investment decisions and investment committee processes
Current investment advisory agreement terminates upon closing; a new agreement requires board and stockholder approval
Closing is expected in the middle of 2026, subject to BDC shareholder approvals and other customary conditions
NETSCOUT reported third-quarter fiscal 2026 results for the quarter ended December 31, 2025. Revenue was $250.7 million, down from $252.0 million a year earlier, while GAAP diluted earnings per share rose to $0.75 from $0.67. The company raised the midpoint of its fiscal 2026 revenue and per-share earnings outlook, and said some orders originally expected in the fourth quarter were received in the third quarter as customers used year-end budgets.
Q3 fiscal 2026 revenue was $250.7 million versus $252.0 million a year earlier; service revenue rose to $129.0 million while product revenue fell to $121.7 million from $128.2 million.
GAAP diluted EPS was $0.75 versus $0.67; non-GAAP diluted EPS was $1.00 versus $0.94.
Fiscal 2026 revenue outlook is $835 million to $870 million, with the low end raised from $830 million.
Non-GAAP diluted EPS outlook is $2.37 to $2.45, up from $2.35 to $2.45; GAAP diluted EPS outlook is $1.15 to $1.23, up from $1.13 to $1.23.
Maximus reported fiscal first-quarter 2026 revenue of $1.35 billion, down 4.1% from $1.40 billion a year earlier, while diluted EPS rose to $1.70 from $0.69. The company raised its full-year adjusted diluted EPS guidance to $8.05 to $8.35 and narrowed revenue guidance to $5.2 billion to $5.35 billion, but cash used in operating activities was $244 million in the quarter and debt-to-EBITDA rose to 1.8x from 1.5x.
Q1 revenue was $1.35 billion versus $1.40 billion; diluted EPS was $1.70 versus $0.69, and adjusted diluted EPS was $1.85 versus $1.61.
FY2026 adjusted diluted EPS guidance is $8.05 to $8.35, up $0.10 at the low end and high end; revenue guidance is $5.2 billion to $5.35 billion.
Free cash flow was an outflow of $251 million in the quarter; DSO was 78 days at December 31, 2025, versus 62 days at September 30, 2025.
Quarterly dividend of $0.33 per share is payable March 2, 2026, to shareholders of record on February 13, 2026.
Regal Rexnord reported fourth-quarter 2025 net sales of $1,523.2 million, up 4.3% from a year earlier, and diluted EPS of $0.95 versus $0.62. The company also introduced 2026 guidance of $10.20 to $11.00 adjusted diluted EPS and $5.29 to $6.09 GAAP diluted EPS, which shareholders can use to compare against future results.
Q4 2025 net sales $1,523.2 million, up 4.3%; organic sales up 2.9%
Q4 GAAP diluted EPS $0.95 versus $0.62 a year earlier; adjusted diluted EPS $2.51, up 7.3%
Data center E-Pod orders worth approximately $735 million; initial shipments expected to start in early 2027
2026 guidance: GAAP diluted EPS $5.29 to $6.09; adjusted diluted EPS $10.20 to $11.00
Rockwell Automation reported fiscal first quarter 2026 results for the quarter ended December 31, 2025, with reported sales up 12% to $2,105 million and diluted EPS of $2.69, compared with $1.61 a year earlier. The company raised its fiscal 2026 diluted and Adjusted EPS guidance, which it said reflects an updated full-year tax rate, and reaffirmed its sales growth ranges. Operating cash flow fell to $234 million from $364 million, mainly due to incentive compensation payouts.
Reported sales were $2,105 million, up 12% from $1,881 million; organic sales rose 10%.
Diluted EPS was $2.69 versus $1.61; Adjusted EPS was $2.75 versus $1.85.
Fiscal 2026 diluted EPS guidance rose to $10.75-$11.55 from $10.40-$11.40; Adjusted EPS guidance is $11.40-$12.20 versus $11.20-$12.20.
Lifecycle Services sales fell 4% to $523 million, while Intelligent Devices and Software & Control sales rose 18% and 19%.
Peloton reported fiscal second-quarter 2026 revenue of $657 million, down 3% year-over-year and $8 million below its guidance range, while Adjusted EBITDA rose 39% to $81 million and the net loss narrowed to $39 million. The company raised its full-year Adjusted EBITDA outlook to $450 million to $500 million but lowered its full-year revenue outlook, and CFO Liz Coddington will leave on March 27, 2026, for an external opportunity.
Total revenue $657 million, down $17 million or 3% year-over-year and $8 million below the guidance range
Adjusted EBITDA $81 million, up $23 million or 39% year-over-year; GAAP net loss $39 million
FY2026 Adjusted EBITDA outlook raised to $450 million to $500 million; revenue outlook lowered to $2.40 billion to $2.44 billion
CFO Liz Coddington steps down effective March 27, 2026; no severance under the company's plan
Carrier reported fourth-quarter 2025 net sales of $4.8 billion, down 6% from a year earlier, and adjusted EPS of $0.34, down 37%. The company also issued 2026 guidance calling for adjusted EPS of about $2.80, compared with $2.59 for full-year 2025, which shareholders will weigh against the weaker quarter.
Q4 2025 GAAP operating profit was $101 million, down 87%, while adjusted operating profit was $455 million, down 33%.
Climate Solutions Americas residential volume fell 38% in the quarter, cited as the main drag on results.
2026 guidance includes adjusted operating profit of about $3.4 billion, free cash flow of about $2 billion and about $1.5 billion in share repurchases.
The 2026 outlook assumes the Riello divestiture closes by the end of Q1 2026, subject to regulatory approvals, a headwind of about $350 million in sales.
KKR reported fourth quarter 2025 results on February 5, 2026, with fee related earnings of $1.0 billion, up 15% year over year, and total operating earnings of $1.3 billion, up 17%. Adjusted net income per share fell to $1.12 from $1.32 a year earlier, which the company says reflects a previously disclosed carried interest repayment obligation; excluding that impact, it would have been $1.30. The company also announced an agreement to acquire Arctos Partners and plans to raise its annualized dividend from $0.74 to $0.78 per share starting with the quarter ending March 31, 2026.
Fee related earnings of $1.0 billion ($1.08 per adjusted share) in Q4 2025, up 15% year over year; full-year fee related earnings were $3.7 billion, up 14%.
Adjusted net income of $1.0 billion ($1.12 per adjusted share) in Q4 2025, versus $1.32 in Q4 2024; excluding the carried interest repayment obligation, it would have been $1.30.
GAAP net income attributable to KKR common stockholders was $1.1 billion in Q4 2025, compared with $1.1 billion in Q4 2024; full-year 2025 was $2.3 billion, versus $3.1 billion in 2024.
Definitive agreement to acquire Arctos Partners, which has $15 billion in assets under management; KKR plans to create a new investing business called KKR Solutions.
Cardinal Health reported second-quarter fiscal 2026 revenue of $65.6 billion, up 19%, and GAAP diluted EPS of $1.97, up 19%. The company raised its fiscal 2026 non-GAAP diluted EPS guidance to $10.15 to $10.35, which matters to shareholders because it reflects higher expected earnings for the full year.
Revenue rose 19% to $65.6 billion; GAAP operating earnings rose 29% to $707 million.
Non-GAAP diluted EPS rose 36% to $2.63; GAAP diluted EPS rose 19% to $1.97.
Fiscal 2026 non-GAAP diluted EPS guidance raised to $10.15 to $10.35.
Year-to-date share repurchases reached $750 million; net interest expense rose to $88 million from $35 million.
Hershey reported fourth-quarter 2025 net sales of $3,091.0 million, up 7.0%, but reported net income fell 59.9% to $320.0 million and adjusted EPS fell 36.4% to $1.71. For full-year 2025, net sales rose 4.4% to $11,692.6 million while adjusted EPS fell 32.7% to $6.31. The company expects 2026 net sales growth of 4% to 5% and adjusted EPS of $8.20 to $8.52, which would be an increase of 30% to 35%.
Q4 2025 net sales $3,091.0 million, up 7.0%; reported operating profit $444.9 million, down 52.6%
Q4 2025 reported net income $320.0 million, or $1.57 per diluted share, down 59.9%
Full-year 2025 reported net income $883.3 million, or $4.34 per diluted share, down 60.3%
2026 outlook: reported EPS $7.77 to $8.19; adjusted EPS $8.20 to $8.52
Advanced Drainage Systems reported unaudited third-quarter fiscal 2026 results for the quarter ended December 31, 2025, with net sales up 0.4% to $693.4 million and net income up 14.3% to $94.0 million. The company also increased its stock repurchase authorization by $1 billion, bringing total authority to $1.148 billion, and updated its fiscal 2026 guidance to include the NDS acquisition, which closed on February 2, 2026.
Q3 net income attributable to ADS was $93.6 million, or $1.19 per diluted share, up from $1.04 a year earlier
Adjusted EBITDA rose 9.3% to $209.2 million, a 30.2% margin versus 27.7% in the prior year quarter
Repurchase authority: $147.7 million remained before the $1 billion increase, for a total of $1.148 billion
Fiscal 2026 guidance: net sales of $2.990 billion to $3.040 billion and Adjusted EBITDA of $930 million to $960 million; quarterly dividend of $0.18 per share payable March 16, 2026
Tapestry reported fiscal second-quarter 2026 revenue of $2.5 billion, up 14% from a year earlier, with GAAP diluted EPS of $2.68 versus $1.38. The company raised its fiscal 2026 revenue, operating margin, EPS, and free cash flow outlook and now plans to return $1.5 billion to shareholders, up from $1.3 billion.
Q2 net sales were $2.5 billion, up 14%; pro forma growth excluding Stuart Weitzman was 18%, led by Coach up 25%
GAAP diluted EPS was $2.68 versus $1.38 a year ago; non-GAAP diluted EPS was $2.69 versus $2.00
Fiscal 2026 EPS guidance raised to $6.40 to $6.45 from $5.45 to $5.60; revenue now expected above $7.75 billion versus prior $7.3 billion
Share repurchases for fiscal 2026 now expected at $1.2 billion, up from $1.0 billion
CMS Energy reported 2025 diluted earnings per share of $3.53, up from $3.33 in 2024, and adjusted EPS of $3.61 versus $3.34. Operating revenue rose to $8.5 billion from $7.5 billion, and the company raised its 2026 adjusted EPS guidance to $3.83 to $3.90 from $3.80 to $3.87. For shareholders, the filing shows higher 2025 earnings, a higher 2026 earnings outlook, and an 11-cent increase in the annual dividend.
2025 diluted EPS was $3.53 versus $3.33 in 2024; adjusted EPS was $3.61 versus $3.34
2026 adjusted EPS guidance raised to $3.83 to $3.90 from $3.80 to $3.87; long-term adjusted EPS growth of 6 to 8 percent reaffirmed
Annual dividend increased 11 cents per share to $2.28 for 2026, the 20th increase in as many years
Fourth-quarter 2025 diluted EPS was $0.94 versus $0.87 a year earlier; webcast set for February 5, 2026 at 10:00 a.m. ET
Prestige Consumer Healthcare reported fiscal third-quarter 2026 results for the quarter ended December 31, 2025, with revenue of $283.4 million, down 2.4% from a year earlier, and diluted EPS of $0.97 versus $1.22. The company narrowed its fiscal 2026 revenue outlook to approximately $1.1 billion, and its adjusted diluted EPS outlook to approximately $4.54, the low end of its prior range, while keeping free cash flow guidance at $245 million or more.
Q3 revenue of $283.4 million, down from $290.3 million; the company attributed the decline mainly to limited ability to supply demand for Clear Eyes.
Q3 diluted EPS of $0.97 versus $1.22; adjusted diluted EPS of $1.14 versus $1.22 in the prior-year quarter.
Fiscal 2026 revenue outlook narrowed to approximately $1,100 million from $1,100 million to $1,115 million; organic revenue decline now approximately 3.0%.
Repurchased approximately 0.8 million shares for $45.8 million in Q3; Pillar5 Pharma acquisition closed in December.
Haemonetics reported third-quarter fiscal 2026 revenue of $339.0 million, down 2.7% from a year earlier, while GAAP net income rose 19.3% to $44.7 million. The company raised its fiscal 2026 adjusted earnings per diluted share guidance to $4.90 to $5.00 from $4.80 to $5.00 and raised its free cash flow guidance to $200 million to $220 million from $170 million to $210 million.
Q3 revenue was $339.0 million, down 2.7%; organic revenue declined 1.2%, and organic ex-CSL revenue rose 7.5%.
GAAP earnings per diluted share were $0.95, up from $0.74; adjusted earnings per diluted share were $1.31, up 10.1%.
Q3 free cash flow was $74.2 million, up 150.9%; cash on hand was $363.4 million as of December 27, 2025.
Fiscal 2026 adjusted earnings per diluted share guidance now $4.90 to $5.00; free cash flow guidance now $200 million to $220 million.
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