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).
Tidewater signed an agreement on February 22, 2026 to acquire Wilson Sons UltraTug's shipping business, which owns 22 platform supply vessels, for a $500 million all-cash purchase price before adjustments. The deal is expected to close in late second quarter 2026, subject to Brazilian antitrust approval and other conditions, and the filing does not report a current earnings impact for shareholders.
Purchase price of $500 million, subject to adjustments, including a reduction for about $261 million of assumed debt as of September 30, 2025
Company expects to close the transaction in late second quarter 2026; the agreement's outside date is December 31, 2026
Target fleet includes 22 platform supply vessels, 19 of them Brazilian-built; a $7.5 million break payment applies in certain circumstances
Company said it expects the deal to be accretive to 2026 and 2027 earnings and free cash flow per share, and updated 2026 guidance was referenced
Archrock's compensation committee adopted a 2026 short-term cash incentive program on February 18, 2026, and set 2026 base salaries for its named executive officers, effective April 2026. The filing describes pay arrangements only and reports no financial results or changes in leadership.
CEO D. Bradley Childers' cash incentive target is 125% of eligible earnings; CFO Douglas S. Aron's is 90%
Base salary for CEO Childers rises from $950,000 to $990,000, effective April 2026
CFO Douglas S. Aron's base salary rises from $610,000 to $640,000; other named executive officers also receive increases
Ziff Davis reported preliminary unaudited fourth-quarter 2025 revenue of $406.7 million, down from $412.8 million a year earlier, and net income of $0.4 million versus $64.1 million, including a $58.0 million pre-tax loss on a business sale. Full-year revenue rose 3.5% to $1.45 billion, but the company deferred its fiscal 2026 guidance while it evaluates possible sales of entire divisions, which leaves shareholders without a forecast for next year.
Q4 2025 revenue was $406.7 million, down from $412.8 million in Q4 2024; diluted EPS was $0.01 versus $1.43.
Full-year 2025 revenue rose 3.5% to $1.45 billion; GAAP diluted EPS fell to $1.15 from $1.42, while adjusted diluted EPS rose 0.2% to $6.63.
Fiscal 2026 guidance is deferred while outside advisers evaluate value-creating opportunities, including the potential sale of entire divisions.
The company repurchased $173.8 million of its stock in 2025 and reported free cash flow of $287.9 million; the earnings call is set for February 24, 2026 at 8:30 a.m. ET.
On February 19, 2026, Bank of Hawaii's Human Resources and Compensation Committee approved 2025 performance-based bonus awards and 2026 base salaries for its named executive officers, and granted restricted stock units to four of them. CEO Peter S. Ho's 2026 base salary is $925,000 and his 2025 bonus award is $2,312,500. The filing shows pay decisions tied to pre-set performance measures, which shows how executive pay relates to company results.
CEO Peter S. Ho: 2025 EIP award of $2,312,500 and 2026 base salary of $925,000
CFO Bradley S. Satenberg: 2025 EIP award of $425,000, 2026 base salary of $500,000, and 6,330 RSUs
Former CFO Dean Y. Shigemura listed with no 2025 EIP award and a 2026 base salary of $500,000
Committee approvals dated February 19, 2026; filing signed February 23, 2026
RF Acquisition Corp III completed its initial public offering of 10,000,000 units at $10.00 per unit on February 17, 2026, generating gross proceeds of $100,000,000. The company has not commenced operations and will not generate operating revenue until it completes a business combination, so shareholder value depends on that future deal.
IPO of 10,000,000 units at $10.00 per unit on February 17, 2026, for gross proceeds of $100,000,000
Private placement of 350,000 units at $10.00 per unit for $3,500,000 to sponsor Alfa 30 Limited and its designees, and EarlyBirdCapital, Inc.
$100,000,000 placed in the trust account on February 17, 2026
On February 19, 2026, underwriters did not exercise the over-allotment option; sponsor will forfeit 500,000 ordinary shares
Tennant Company reported fourth-quarter and full-year 2025 results with a fourth-quarter net loss of $4.4 million, tied to disruption from its North America ERP system go-live. Full-year 2025 net sales and adjusted EBITDA came in below the company's prior guidance ranges, and net income fell 47.7% from 2024. The company also forecast 2026 net sales of $1,240 million to $1,280 million and expects margins to improve gradually through the year, with a weaker first quarter.
Q4 2025 net sales were $291.6 million, down 11.3% from $328.9 million; net loss was $4.4 million, or $0.23 per diluted share, versus net income of $6.6 million a year earlier
Full-year 2025 net sales of $1,203.5 million fell below the $1.21 billion to $1.25 billion guidance range; adjusted EBITDA of $167.4 million fell below the $196 million to $209 million range
The company estimates the ERP disruption reduced Q4 2025 net sales by roughly $30 million and adjusted EBITDA by about $22 million
2026 guidance includes net sales of $1,240 million to $1,280 million and diluted EPS of $4.05 to $4.65; a two-week manufacturing shutdown in early January will significantly affect first-quarter sales and costs
ONE Gas, Inc. entered into an equity distribution agreement allowing it to sell up to $225 million of common stock through a group of banks, including forward sale agreements, under an S-3 shelf registration filed February 23, 2026. The company has no obligation to sell any shares and pays a 2% commission on shares sold, so the deal would dilute existing holders only if and when shares are issued.
Aggregate offering price of up to $225,000,000 of common stock, including shares sold under forward sale agreements
Each sales agent receives a commission of 2% of gross offering proceeds on shares it sells
No proceeds initially received from forward sales; proceeds expected upon future physical settlement
Shares issued under automatic shelf registration on Form S-3 filed February 23, 2026 (Registration No. 333-293655)
Helix Energy Solutions Group reported fourth-quarter 2025 revenue of $334.2 million and net income of $8.3 million, or $0.06 per diluted share, both down from a year earlier. The quarter included an approximately $18.1 million non-cash impairment on the Thunder Hawk field, and full-year 2025 net income fell to $30.8 million from $55.6 million. The company ended 2025 with $445.2 million in cash and cash equivalents, but the filing gives no earnings guidance for 2026 and management expects the near-term market to continue at its current pace.
Q4 2025 revenue was $334.2 million, down from $355.1 million in Q4 2024 and $377.0 million in Q3 2025.
Q4 2025 net income was $8.3 million, or $0.06 per diluted share, versus $20.1 million, or $0.13, a year earlier, after an approximately $18.1 million pre-tax impairment.
Full-year 2025 net income was $30.8 million, or $0.21 per diluted share, versus $55.6 million, or $0.36, in 2024.
Full-year 2025 free cash flow was $120.4 million versus $163.2 million in 2024; cash and cash equivalents were $445.2 million at December 31, 2025.
Northern Oil and Gas closed its joint acquisition of non-operated Ohio Utica Shale upstream and midstream interests from Antero on February 23, 2026, taking a 40% stake alongside INR's 60%. The same day, Northern amended its revolving credit facility, raising the elected commitment to $1.8 billion and the borrowing base to $1.975 billion, which the company said adds $200 million of liquidity.
Closing payment by Northern was $464.5 million in cash, including a $58.8 million deposit paid at signing, subject to post-closing settlements with Antero
Northern's unadjusted purchase price share is $480 million: $320 million for the upstream assets and $160 million for the midstream assets
Northern funded the deal with cash on hand, operating free cash flow and revolver borrowings
Credit facility elected commitment rose from $1.6 billion to $1.8 billion with Wells Fargo as administrative agent; other terms were described as substantially unchanged
Verizon closed the sale of €2.25 billion of 4.2462% junior subordinated notes due 2056 and £600 million of 5.7427% junior subordinated notes due 2056 on February 23, 2026. The notes were sold under an effective Form S-3 shelf registration, and the filing adds the note forms as exhibits to that registration. The filing does not state how the proceeds will be used.
Euro notes: €2,250,000,000 aggregate principal at 4.2462%, due 2056
Sterling notes: £600,000,000 aggregate principal at 5.7427%, due 2056
Sold under shelf registration statement on Form S-3 (Reg. No. 333-289928), effective August 29, 2025
Keurig Dr Pepper signed agreements to raise its convertible preferred investment to $4.5 billion from $3 billion, and to form a pod manufacturing joint venture with a $4.0 billion investor commitment, both tied to its planned JDE Peet's acquisition. The company said it will no longer consider a partial IPO of Beverage Co., and that the JDE Peet's deal is expected to close in early April 2026. The filing contains no revenue, profit or guidance results for the period.
Convertible preferred investment increased by 1,500,000 shares, or $1.5 billion, to $4.5 billion, at $1,000 per share with an initial conversion price of $37.25 per share
$4.0 billion investment into the Pod Manufacturing JV for a 49% interest, with KDP retaining 51%
Expected close of the JDE Peet's acquisition in early April 2026; transaction closing deadline for the JV is March 3, 2027
Company plans to finance the acquisition with approximately $9 billion of long-term debt, $8.5 billion of equity and about $5 billion of assumed JDE Peet's bonds
Vir Biotechnology agreed with Astellas on a global collaboration to co-develop and co-commercialize VIR-5500, a Phase 1 prostate cancer candidate, with closing subject to U.S. antitrust clearance. The same day, the company reported 2025 results: full-year revenue fell to $68.6 million while the full-year net loss narrowed to $438.0 million.
Vir to receive $335 million in upfront and near-term milestone payments, including $240 million in cash, a $75 million equity investment and a $20 million milestone
Astellas agreed to buy 7,239,382 shares at $10.36 per share, a 50% premium to the 30-day volume weighted average price as of February 17, 2026
Vir is eligible for up to $1.37 billion in future milestones; U.S. profit and loss are shared equally and Vir holds a U.S. co-promotion option
Full-year 2025 revenue was $68.6 million versus $74.2 million in 2024; full-year net loss was $438.0 million, or $(3.16) per share, versus $522.0 million, or $(3.83) per share
HA Sustainable Infrastructure Capital agreed to sell $600 million of 7.125% green junior subordinated notes due 2056 at par on February 18, 2026, and $400 million of 6.000% green senior unsecured notes due 2036 at 99.810% of principal on February 19, 2026. Proceeds may temporarily repay revolver or commercial paper borrowings, or redeem the 8.00% senior notes due 2027, and fund eligible green projects.
Junior subordinated notes: $600 million, 7.125%, due 2056, sold at 100% of principal; closing expected February 27, 2026
Senior unsecured notes: $400 million, 6.000%, due 2036, sold at 99.810% of principal; closing expected March 2, 2026
Proceeds may repay revolving credit facility or commercial paper borrowings, or redeem all or part of the 8.00% Senior Notes due 2027
Both offerings are guaranteed by affiliated Hannon Armstrong entities; the junior notes are guaranteed on a subordinated basis
TCW Strategic Income Fund commenced a rights offering on February 19, 2026, letting record-date stockholders subscribe for up to 15,928,480 new common shares. The filing lists an estimated subscription price of $4.52 per share and says the final price will be set as described in the prospectus, so shareholders should review those terms before the offer expires.
Up to 15,928,480 shares of common stock are offered; record date was February 19, 2026.
Each share owned on the record date receives one right; three rights buy one new share.
Estimated subscription price is $4.52 per share; the final price is determined per the prospectus.
Rights expire at 5:00 p.m. Eastern Time on March 18, 2026, unless extended; UBS Securities LLC is dealer manager.
Ovintiv reported full-year 2025 net earnings of $1.2 billion, or $4.78 per diluted share, up from $1.125 billion, or $4.21 per diluted share, in 2024. The company also authorized a share buyback program totaling $3.0 billion and said 2026 shareholder returns will be at least 75% of full-year Non-GAAP Free Cash Flow, which increases the share of cash returned to shareholders.
Full-year 2025 net earnings of $1.2 billion ($4.78 per diluted share), compared with $1.1 billion ($4.21) in 2024
Fourth-quarter 2025 net earnings of $946 million ($3.70 per diluted share)
Board authorized a share buyback program totaling $3.0 billion; buybacks expected to begin immediately
Quarterly dividend of $0.30 per share, payable March 31, 2026, to holders of record on March 13, 2026
BWX Technologies reported fourth-quarter 2025 revenue of $885.8 million, up 19% from a year earlier, and GAAP diluted EPS of $1.01 versus $0.77. Fourth-quarter operating income was roughly flat at $92.1 million, and free cash flow fell to $56.8 million from $224.4 million. The company also initiated 2026 guidance for non-GAAP EPS of $4.55-$4.70, compared with $4.01 reported for 2025.
Q4 2025 revenue was $885.8 million, up from $746.3 million; GAAP diluted EPS was $1.01 versus $0.77.
Full year 2025 revenue was $3,198.4 million, up 18%, and net income was $329.9 million; backlog ended the year at $7.3 billion, up 50%.
2026 guidance: non-GAAP EPS of $4.55-$4.70, adjusted EBITDA of $645 million-$660 million, free cash flow of $305 million-$320 million, and revenue of about $3.75 billion.
Board declared a quarterly dividend of $0.27 per share payable March 27, 2026, to holders of record on March 11, 2026.
Innovex reported fourth-quarter 2025 revenue of $274 million, up 14% from the prior quarter, but net income fell to $14 million from $39 million in the third quarter and $32 million a year earlier. The company guided first-quarter 2026 revenue to $225 million to $235 million and Adjusted EBITDA to $38 million to $42 million, both below its fourth-quarter results, citing lower subsea deliveries and seasonality.
Q4 2025 revenue of $274 million, up from $240 million in Q3 2025 and $251 million in Q4 2024
Q4 2025 net income of $14 million (5% margin) and diluted EPS of $0.20, versus $0.57 in Q3 2025
Q4 2025 Adjusted EBITDA of $52 million (19% margin); full-year 2025 free cash flow of $156 million
Q1 2026 guidance: revenue of $225 million to $235 million and Adjusted EBITDA of $38 million to $42 million
Mueller Water Products appointed Scott Floyd, currently Senior Vice President, Sales and Marketing, as Executive Vice President and Chief Commercial Officer, effective February 23, 2026, as part of its management succession plans. The filing sets his base salary at $550,000 and his fiscal 2026 target bonus at 70% of base salary, and grants him an equity award valued at $125,000. The filing does not report any financial results or guidance.
Scott Floyd, age 56, becomes Executive Vice President and Chief Commercial Officer effective February 23, 2026; the Board approved the appointment on the Compensation and Human Resources Committee's recommendation dated February 17, 2026.
Floyd had served as Senior Vice President, Sales and Marketing since March 2024, and has held Company positions since 1998.
Base salary increased to $550,000; fiscal 2026 target annual bonus set at 70% of base salary.
Equity award grant with an aggregate value of $125,000 to maintain his target long-term incentive opportunity for fiscal 2026.
OLB Group agreed on February 18, 2026 to sell pre-funded warrants and common warrants to an institutional investor in a private placement that closed February 19, 2026, with gross proceeds of approximately $3.0 million before fees and expenses. The deal also reduces the exercise price of certain existing warrants to $0.92 and extends their term by three years, and the new securities could add shares that dilute existing shareholders.
Investor bought pre-funded warrants for up to 2,857,142 shares and warrants for up to 3,571,428 shares at a combined $1.05 per unit
New warrants have a $0.92 exercise price and a five-year term from the effectiveness of the resale registration statement
Existing warrants issued August 23, 2021 and November 8, 2021 were repriced to $0.92 and extended to February 19, 2029
D. Boral Capital LLC received a 6.0% cash fee on gross proceeds plus $50,000 in expenses; the company must file a resale registration statement within 15 days after its Form 10-K
Willow Lane Acquisition Corp. II, a blank-check company (SPAC), closed its initial public offering on February 17, 2026, selling 14,375,000 units at $10.00 each for gross proceeds of $143.75 million, including the full exercise of the underwriters' over-allotment option. The full $143.75 million was placed in a U.S.-based trust account, and the company states it has not yet selected a business combination target.
IPO closed February 17, 2026: 14,375,000 units at $10.00 per unit, including 1,875,000 over-allotment units, for gross proceeds of $143.75 million.
Simultaneous private placement of 514,055 units at $10.00 each, for $5,140,550, sold to the sponsor (370,305 units) and BTIG, LLC (143,750 units).
$143.75 million held in trust with Continental Stock Transfer & Trust Company as trustee; the company has 24 months from the IPO closing to complete a business combination.
Westlake Corporation said Chief Financial Officer M. Steven Bender intends to retire, effective when a successor is appointed; the filing does not name a successor. The board also expanded to fourteen members and elected former LyondellBasell CEO Bhavesh V. "Bob" Patel and CEO Jean-Marc Gilson as directors, which changes board composition and management's board representation.
Bender notified the company on February 19, 2026 of his intention to retire as Executive Vice President and Chief Financial Officer, effective upon appointment of his successor
Board increased to fourteen members and elected Patel and Gilson on February 20, 2026
Patel received a restricted stock unit grant with an aggregate grant date fair value of $175,000, vesting February 20, 2027
Gilson, the company's President and CEO, will receive no additional compensation for board service and serves a term expiring at the 2026 annual meeting
Innovative Industrial Properties reported fourth-quarter 2025 total revenues of $66.7 million, down 13.1% from $76.7 million a year earlier, driven mainly by lower rental revenue tied to tenant defaults. Q4 net income attributable to common stockholders fell to $30.7 million, or $1.06 per diluted share, from $39.5 million, or $1.36, and AFFO per diluted share fell to $1.88 from $2.22. For shareholders, the quarter shows lower earnings and cash flow measures, while the company says it has raised capital and resolved some tenant matters.
Q4 2025 total revenues were $66.7 million, versus $76.7 million in Q4 2024, a decrease of 13.1%.
Full-year 2025 revenues were $266.0 million, and net income attributable to common stockholders was $114.4 million, or $3.93 per diluted share.
A quarterly dividend of $1.90 per common share was paid on January 15, 2026.
HCM IV Acquisition Corp., a blank check company that has not yet selected a business combination target, completed its initial public offering on February 13, 2026, raising $287.5 million, with $287.5 million placed in a trust account. The auditor's report includes a going concern warning, stating the company does not have sufficient cash and working capital to sustain its operations, which matters to shareholders because the company's ability to complete a deal is uncertain.
IPO closed February 13, 2026: 28,750,000 units at $10.00 per unit, including 3,750,000 units from the full over-allotment option
$287,500,000 from the IPO, including $13,687,500 of deferred underwriting discount, placed in a U.S.-based trust account with Continental Stock Transfer & Trust Company as trustee
Private placement of 4,666,667 warrants at $1.50 each generated $7,000,000 in gross proceeds, bought by the sponsor and Cantor Fitzgerald & Co.
Auditor WithumSmith+Brown reports substantial doubt about going concern; the company had no cash and $1,246,877 of working capital outside the trust as of February 13, 2026
Kratos reported fourth-quarter 2025 revenue of $345.1 million, up from $283.1 million a year earlier, and GAAP net income of $5.9 million, or $0.03 per share, versus $3.9 million. The company also issued its first 2026 base case guidance, with revenue of $1.595 billion to $1.675 billion and adjusted EBITDA of $157.0 million to $167.0 million, including the recently closed Nomad acquisition. Free cash flow used in operations was $125.4 million for full year 2025, which shareholders may weigh against the revenue growth.
Q4 2025 revenue $345.1 million, up 21.9% from $283.1 million; organic growth 20.0%
Q4 2025 GAAP net income $5.9 million ($0.03 per share) vs. $3.9 million; adjusted EPS $0.18 vs. $0.13
Full year 2025 revenue $1.347 billion; net income $22.0 million; free cash flow used $125.4 million
2026 base case guidance: revenue $1.595 billion to $1.675 billion; adjusted EBITDA $157.0 million to $167.0 million
Novanta reported fourth-quarter and full-year 2025 results on February 23, 2026, with quarterly GAAP revenue up 9% and adjusted diluted EPS up 20%. Full-year GAAP diluted EPS fell to $1.47 from $1.77, and operating cash flow declined sharply, while the company issued 2026 revenue guidance of $1,030 million to $1,050 million.
Q4 2025 GAAP revenue was $258.3 million, up 9%, while GAAP diluted EPS was $0.45 versus $0.46 a year earlier.
Q4 2025 adjusted diluted EPS was $0.91, up 20%; operating cash flow was $8.8 million versus $61.6 million.
Full-year 2025 GAAP revenue was $980.6 million, up 3.3%, and GAAP diluted EPS was $1.47 versus $1.77.
2026 guidance: GAAP revenue of $1,030 million to $1,050 million and adjusted diluted EPS of $3.50 to $3.65.
Primoris Services reported fourth-quarter and full-year 2025 results on February 23, 2026. Full-year revenue and net income rose, but fourth-quarter net income fell 4.1% on higher costs on certain renewables projects and lower storm restoration work. The company expects 2026 GAAP earnings of $5.35 to $5.55 per diluted share and declared a $0.08 quarterly dividend.
Full-year 2025 revenue was $7.6 billion, up 19.0%, and net income was $274.9 million, or $5.02 per diluted share, up 52.0%.
Fourth-quarter 2025 net income was $51.8 million, or $0.95 per diluted share, down 4.1%, while revenue was $1.9 billion, up 6.7%.
2026 outlook: EPS of $5.35 to $5.55 per diluted share; adjusted EPS of $5.80 to $6.00.
Board declared a $0.08 per share cash dividend, with a record date of March 31, 2026, payable on or about April 15, 2026.
Atlas Energy Solutions reported fourth-quarter and full-year 2025 results, with revenue up 3.7% to $1.1 billion but a net loss of $50.3 million, compared with net income of $59.9 million in 2024. Adjusted EBITDA fell to $221.7 million from $288.9 million, and the company expects first-quarter 2026 EBITDA to be flat with the fourth quarter, which shareholders will weigh against the full-year swing to a loss.
Full-year 2025 revenue was $1.1 billion, up $39.4 million, or 3.7%, from 2024; net loss was $(50.3) million versus net income of $59.9 million in 2024.
Fourth-quarter 2025 revenue was $249.4 million, down 3.9% from the third quarter, with a net loss of $(22.2) million and Adjusted EBITDA of $36.7 million.
Q1 2026 guidance: EBITDA expected to be flat with fourth-quarter results, reflecting lower realized sand pricing and about $6 million of weather impact in January.
Company is targeting approximately 500 MW of power generation capacity deployed in 2027; total liquidity was $108.5 million as of December 31, 2025.
JPMorgan Chase held a Company Update presentation on February 23, 2026, and furnished its slides and speaker biographies under Regulation FD. The slides reiterate prior 2026 outlook figures, including about $95 billion of net interest income excluding Markets, about $105 billion of adjusted expense, and a 2026 card net charge-off rate of about 3.4%. The filing itself is administrative and does not report new quarterly results.
Company Update held February 23, 2026, with slides furnished as Exhibits 99.1 to 99.3
Slides reiterate 2026 outlook: about $95 billion NII ex. Markets, about $105 billion adjusted expense, about 3.4% card NCO rate
Slides cite 2025 net income of $57 billion, revenue of $186 billion and a 20% ROTCE
Quaker Chemical reported fourth-quarter 2025 net sales of $468.5 million, up 6%, and net income of $20.7 million, or $1.18 per diluted share, versus $0.81 a year earlier. For the full year, the company posted a net loss of $2.5 million, or $0.14 per share, compared with net income of $116.6 million in 2024, after an $88.8 million impairment charge and $35.1 million of restructuring charges. Management expects end markets to remain at similar levels through the first half of 2026 and says it is confident in revenue and adjusted EBITDA growth in 2026, but the filing gives no numeric guidance.
Q4 2025 net sales were $468.5 million, up from $444.1 million; net income was $20.7 million, or $1.18 per diluted share, versus $0.81 a year earlier.
Full-year 2025 net loss of $2.5 million ($0.14 per diluted share) compared with net income of $116.6 million in 2024, including an $88.8 million impairment charge.
Q4 adjusted EBITDA rose 11% to $71.9 million; full-year non-GAAP EPS was $7.02 versus $7.44.
Operating cash flow was $136.5 million in 2025 versus $204.6 million in 2024; net debt was $691.4 million at December 31, 2025.
HealthStream reported record fourth-quarter 2025 revenue of $79.7 million, up 7.4%, but GAAP net income fell 48.1% to $2.5 million, mainly due to a $3.8 million charge tied to its CEO's stock contribution. The company also gave 2026 guidance of $323.0 million to $330.0 million in revenue and declared a quarterly dividend of $0.035 per share, up 12.9%.
Q4 2025 revenue $79.7 million, up 7.4% from $74.2 million; GAAP operating income $2.4 million, down 48.8%
$3.8 million charge from the CEO Stock Gift; GAAP diluted EPS $0.09 vs. $0.16 a year earlier, and non-GAAP diluted EPS $0.18
2026 guidance: revenue $323.0 million to $330.0 million; net income $20.4 million to $22.8 million
Quarterly dividend of $0.035 per share, up from $0.031, payable March 20, 2026 to holders of record on March 9, 2026
Flowers Foods said directors George E. Deese and Edward J. Casey, Jr. will leave the board rather than stand for re-election at the 2026 annual meeting of shareholders. The company said the decisions were not due to any disagreement with the board or the company, and the board will shrink from 11 to 9 members after that meeting.
George E. Deese, with 61 years of service to the company, will retire from the board at the end of his current term.
Edward J. Casey, Jr. will not stand for re-election; he keeps his committee roles through the 2026 annual meeting.
Board size drops from 11 to 9 members immediately after the 2026 annual meeting.
Boston Scientific expanded its board from ten to twelve members and appointed Catherine R. Smith and Christophe P. Weber as directors, effective February 18, 2026. The board also approved a $4.0 billion increase to its stock repurchase authorization, bringing the total available to $5.0 billion, all of which remained available as of the filing date.
Board increased from ten to twelve members on February 18, 2026; Catherine R. Smith and Christophe P. Weber appointed directors effective that date.
Smith joins the Audit and Nominating and Governance committees; Weber joins the Executive Compensation and Human Resources and Risk, Science and Technology committees, effective February 23, 2026.
On February 18, 2026, the board approved an additional $4.0 billion repurchase authorization, for a total of $5.0 billion.
Each new director will receive prorated annual compensation, including a cash retainer of about $24,663 and an equity award of about $42,420, with shares granted March 2, 2026.
JBT Marel reported fourth quarter and full year 2025 results, with full year revenue of $3.8 billion and a loss from continuing operations of $50 million, compared with income of $84.6 million in 2024. The company also issued 2026 guidance calling for revenue of $3,990 million to $4,065 million and adjusted EPS of $8.00 to $8.50, which matters to shareholders because the 2025 GAAP loss was driven by a $147 million pension settlement charge and $115 million in M&A costs, while adjusted EPS rose to $6.41 from $6.15.
Full year 2025 revenue was $3.8 billion, up from $1.7 billion in 2024, and fourth quarter revenue was $1,008.0 million versus $467.6 million a year earlier.
Full year 2025 diluted loss per share from continuing operations was $0.96, compared with diluted earnings of $2.63 in 2024; adjusted EPS was $6.41 versus $6.15.
Full year 2026 guidance: revenue of $3,990 million to $4,065 million, GAAP EPS of $4.70 to $5.15, and adjusted EBITDA of $675 million to $710 million.
Full year 2025 free cash flow was $250 million, and net debt to trailing twelve months adjusted EBITDA was 2.9x; an Investor Day is scheduled for March 26, 2026.
Ecolab director Victoria J. Reich told the Board on February 18, 2026 that she will not stand for re-election at the company's May 7, 2026 annual meeting. The filing states that her decision was not the result of any disagreement with the company, and the Board thanked her for her years of service.
Victoria J. Reich informed the Board on February 18, 2026 of her decision.
She will not stand for re-election at the annual meeting to be held May 7, 2026.
The filing says the decision was not due to any disagreement with the company.
Brighthouse Financial reported fourth-quarter 2025 net income available to shareholders of $112 million, or $1.93 per diluted share, down from $646 million, or $10.79 per diluted share, a year earlier. Adjusted earnings, less notable items, were $227 million, or $3.93 per diluted share, compared with $352 million, or $5.88 per diluted share, in the fourth quarter of 2024. The company is being acquired by Aquarian Capital for $70.00 per share in cash, and shareholders approved the merger on February 12, 2026.
Q4 2025 net income available to shareholders was $112 million ($1.93 per diluted share), versus $646 million ($10.79) in Q4 2024
Q4 2025 adjusted earnings were $214 million ($3.70 per diluted share), versus $304 million ($5.07) in Q4 2024
Full-year 2025 net income available to shareholders was $331 million ($5.71 per diluted share), up from $286 million ($4.64) in 2024
Full-year 2025 adjusted earnings, less notable items, were $931 million ($16.07 per diluted share), down from $1,209 million ($19.63) in 2024
Invest Green Acquisition Corp, a special purpose acquisition company, issued a $3.5 million unsecured promissory note to its sponsor, IG SPAC Sponsor LLC, on February 17, 2026, effective as of December 1, 2025. The note bears no interest and is payable only when the company completes a business combination, and the sponsor may convert the outstanding amount into units at $5.00 per unit.
Principal amount: $3,500,000 unsecured promissory note issued to IG SPAC Sponsor LLC
Note is effective as of December 1, 2025 and bears no interest
Principal is payable on the date the company completes a business combination
Sponsor may convert amounts outstanding into units at $5.00 per unit on or before maturity
Ingevity (NGVT) said two founding directors, Daniel F. Sansone and Jean S. Blackwell, will not stand for election at the 2026 Annual Meeting of Stockholders and will leave the board then. The board also approved shrinking itself from 11 to 9 members effective at that meeting. The filing says the departures do not result from any disagreement with the company, but the change reduces board tenure and reflects the company's portfolio optimization.
Daniel F. Sansone leaves under the board's mandatory retirement age policy.
Jean S. Blackwell, former board chair and a director for ten years, will serve until the 2026 Annual Meeting.
The board will drop from 11 to 9 members effective at the 2026 Annual Meeting.
The filing reports no financial results or financial figures.
Kadant said it will prospectively exclude all amortization of acquired intangible assets from its adjusted operating income, adjusted net income and adjusted EPS, replacing its prior practice of excluding only acquired backlog amortization. The change raises the company's adjusted EPS figures and guidance, but the GAAP EPS guidance it issued on February 19, 2026 is unchanged.
Adjusted EPS guidance for fiscal 2026 is now $12.53 to $12.88, up from $10.40 to $10.75 under the previous method; GAAP-basis EPS guidance remains $10.27 to $10.62.
First-quarter 2026 adjusted EPS guidance is now $2.31 to $2.41, up from $1.78 to $1.88; GAAP-basis guidance remains $1.69 to $1.79.
Fiscal 2025 adjusted EPS is restated to $11.01 from $9.26 under the new method, compared with GAAP EPS of $8.65.
The new method is applied prospectively, and the filing includes restated reconciliations for fiscal 2021 through fiscal 2025.
National Health Investors increased its board size and appointed Lilly H. Donohue as a director effective February 17, 2026, filling the vacant seat. In a related move, CEO D. Eric Mendelsohn resigned and was immediately re-appointed as a director, with his term running to the 2026 annual meeting, which will complete the board's declassification.
Lilly H. Donohue appointed to the board effective February 17, 2026, with an initial term expiring at the 2026 annual meeting; no committee assignments yet
Donohue is President and CEO of Everstory Partners and previously served as CEO of Holiday Retirement and on the board of Sonida Senior Living
D. Eric Mendelsohn, President and CEO, resigned as a director and was immediately re-appointed, aligning his term with the declassified board structure
After the 2026 annual meeting, all board nominees will stand for one-year terms
ONEOK reported full-year 2025 net income attributable to ONEOK of $3.39 billion, up 12%, and adjusted EBITDA of $8.02 billion, up 18%. The company also issued 2026 guidance with a diluted EPS midpoint of $5.45, compared with $5.42 for 2025, and fourth-quarter 2025 net income slipped to $978 million from $1.00 billion.
Full-year 2025 diluted EPS was $5.42, versus $5.17 in 2024; fourth-quarter diluted EPS was $1.55, versus $1.57 a year earlier.
2026 guidance midpoints: net income $3.45 billion, diluted EPS $5.45 (range $5.04 to $5.87) and adjusted EBITDA $8.1 billion.
Total 2026 capital expenditures are expected to range from $2.7 billion to $3.2 billion.
In January 2026, ONEOK raised its quarterly dividend 4% to $1.07 per share.
UFP Industries reported fourth-quarter 2025 net sales of $1.33 billion, down 9 percent from a year earlier, with diluted earnings per share of $0.70 against $1.12. The company said demand remains soft and expects 2026 overall demand to be flat to slightly down in each segment, so lower sales and profit are the key shareholder takeaway.
Q4 net sales $1.33 billion, down 9 percent, driven by a 7 percent decline in organic units and a 2 percent price decrease
Diluted EPS $0.70 vs $1.12; net earnings attributable to controlling interests $40 million vs $68 million
Adjusted EBITDA $107.2 million, or 8.1 percent of net sales, vs 9.1 percent a year ago
Quarterly dividend increased to $0.36 per share, payable March 16, 2026; 2025 share repurchases of nearly $450 million
Clearway Energy reported full-year 2025 revenue of $1,429 million, up from $1,371 million, and Adjusted EBITDA of $1,217 million, up from $1,146 million. Its consolidated net loss widened to $231 million from $63 million, although net income attributable to the company rose to $169 million, or $1.43 per share, from $88 million, or $0.75 per share. The company reaffirmed its 2026 CAFD guidance of $470 million to $510 million.
Full-year 2025 revenue was $1,429 million versus $1,371 million in 2024; Adjusted EBITDA was $1,217 million versus $1,146 million.
Net loss was $231 million versus $63 million in 2024, while net income attributable to Clearway Energy was $169 million, or $1.43 per share, versus $88 million, or $0.75 per share.
Cash Available for Distribution (CAFD) was $430 million versus $425 million in 2024; 2026 CAFD guidance of $470 million to $510 million was reaffirmed.
Total liquidity was $1,061 million at December 31, 2025, down $269 million from 2024; the company closed $600 million of 2034 senior notes in January 2026.
Martin Marietta completed its asset exchange with Quikrete Holdings on February 23, 2026. It acquired aggregates operations producing about 20 million tons annually in Virginia, Missouri, Kansas and Vancouver, British Columbia, plus $450 million in cash, and gave up its Midlothian cement plant, related cement terminals, Texas ready-mixed concrete assets and certain nonoperating land. The company also updated its 2026 guidance to include the transaction, with midpoint revenue of $7,160 million and adjusted EBITDA from continuing operations of $2,430 million.
Martin Marietta received aggregates operations producing about 20 million tons annually plus $450 million in cash.
Martin Marietta transferred its Midlothian cement plant, related cement terminals, Texas ready-mixed concrete assets and certain nonoperating land.
Updated 2026 guidance midpoint: revenues $7,160 million, adjusted EBITDA from continuing operations $2,430 million, capital expenditures $575 million.
Guidance includes aggregates shipment volume growth of 12.0% (2.0% organic) and average selling price growth of 2.5% (5.0% organic).
Erie Indemnity reported fourth-quarter 2025 net income of $63.4 million, or $1.21 per diluted share, down from $152.0 million, or $2.91, a year earlier. Full-year 2025 net income was $559.3 million, or $10.69 per diluted share, versus $600.3 million, or $11.48, in 2024. Total operating revenue rose in both periods, but the company's $100 million charitable contribution to the Erie Insurance Foundation reduced net income by $80.6 million after tax, or $1.54 per diluted share.
Q4 2025 net income $63.4 million, or $1.21 per diluted share, versus $152.0 million, or $2.91, in Q4 2024
Full-year 2025 net income $559.3 million, or $10.69 per diluted share, versus $600.3 million, or $11.48, in 2024
Total operating revenue $951.0 million in Q4 2025 versus $924.1 million in Q4 2024
Board approved dividend No. 383 of $1.4625 per Class A share, payable April 21, 2026 to holders of record April 7, 2026
Boise Cascade reported fourth quarter 2025 net income of $8.7 million, or $0.24 per diluted share, on sales of $1.5 billion, down from $68.9 million, or $1.78 per share, a year earlier. For full year 2025, net income fell 65% to $132.8 million, or $3.53 per share, as sales declined 5% to $6.4 billion. The company also said CEO Nate Jorgensen plans to retire and that Jeff will succeed him, a leadership change shareholders will track.
Fourth quarter net income was $8.7 million, or $0.24 per diluted share, versus $68.9 million, or $1.78 per share, in fourth quarter 2024.
Full year 2025 net income was $132.8 million, or $3.53 per share, versus $376.4 million, or $9.57 per share, in 2024.
A legal proceedings accrual in the Building Materials Distribution segment reduced fourth quarter and full year earnings by approximately $6 million, or $0.16 per share after tax.
CEO Nate Jorgensen is retiring, and Jeff is set to become CEO.
AeroVironment's Chief Financial Officer, Kevin McDonnell, will retire effective July 31, 2026, under a Retirement Agreement dated February 20, 2026. He remains CFO until a new CFO starts or his retirement date, whichever comes first, so shareholders will see a finance leadership transition during 2026.
McDonnell notified the company of his retirement decision on February 18, 2026; the retirement date is July 31, 2026.
He stays CFO until the earlier of a successor's start date or July 31, 2026. If a new CFO is hired before then, he remains an employee in a non-officer role to support the transition.
He will receive his fiscal 2026 Short Term Incentive Plan bonus at target, $455,420 less withholdings, plus after-tax COBRA premium costs for five months; his equity awards continue to vest through the retirement date.
Cleveland-Cliffs said Lead Director Douglas C. Taylor resigned from the Board, and the Board accepted the resignation effective immediately on February 22, 2026. The company said the resignation was not due to any disagreement and was required under its governance guidelines after a change in Taylor's primary occupation, position or business affiliation. The Board filled his roles by appointing Ralph S. Michael, III as Lead Director and Edilson T. Camara as Chairman of the Compensation and Organization Committee.
Douglas C. Taylor resigned as a Board member on February 19, 2026; the Board accepted it effective immediately on February 22, 2026
Company says the resignation was not due to any disagreement on operations, policies or practices
Ralph S. Michael, III appointed Lead Director and Edilson T. Camara named Chairman of the Compensation and Organization Committee, both on February 22, 2026
Addus HomeCare reported fourth quarter 2025 net service revenues of $373.1 million, up 25.6% from a year earlier, and net income of $29.8 million, or $1.61 per diluted share, versus $1.07 a year earlier. For the full year, revenue rose 23.2% to $1.42 billion and net income per diluted share was $5.22 compared with $4.23.
Q4 2025 net income per diluted share was $1.61 versus $1.07 in Q4 2024; adjusted EPS was $1.77 versus $1.38.
Full-year 2025 net service revenues were $1.42 billion, up 23.2%, and adjusted EBITDA was $180.0 million, up 28.3%.
Cash at December 31, 2025 was $81.6 million and bank debt was $124.3 million; the company paid down debt in 2025 and completed three acquisitions.
Texas personal care rate increase of 9.9% took effect September 1, 2025; Illinois announced a 3.9% increase starting January 1, 2026.
Apple Hospitality REIT reported fourth quarter and full year 2025 results on February 23, 2026. For the full year, net income fell 18.1% to $175.4 million and net income per share fell 16.9% to $0.74, while Comparable Hotels RevPAR declined 1.6%. The company's 2026 guidance calls for net income of $133 million to $160 million, a range below the 2025 result, and a Comparable Hotels RevPAR change of negative 1.00% to positive 1.00%.
Full year 2025 net income was $175.4 million, down 18.1% from $214.1 million in 2024; net income per share was $0.74, down 16.9%.
Fourth quarter 2025 net income was $29.6 million, down 0.7%, while net income per share was $0.13, up 8.3%.
Fourth quarter 2025 Comparable Hotels Adjusted Hotel EBITDA was $99.2 million, down 8.4%; full year Adjusted EBITDAre was $443.6 million, down 5.1%.
2026 guidance includes net income of $133 million to $160 million and Adjusted EBITDAre of $424 million to $447 million; preliminary January 2026 Comparable Hotels RevPAR declined approximately 1.5%.
Adeia reported record fourth-quarter 2025 revenue of $182.6 million, up from $119.2 million a year earlier, and full-year 2025 revenue of $443.4 million, up from $376.0 million. Its 2026 outlook calls for revenue of $395.0 million to $435.0 million and GAAP net income of $57.2 million to $80.4 million, both below the 2025 actual results of $443.4 million and $111.1 million.
Q4 2025 GAAP diluted EPS was $0.65, versus $0.32 in Q4 2024; non-GAAP diluted EPS was $0.86.
Full-year 2025 GAAP net income was $111.1 million and adjusted EBITDA was $277.6 million.
2026 guidance: revenue $395.0 million to $435.0 million; GAAP net income $57.2 million to $80.4 million; adjusted EBITDA $213.4 million to $245.4 million.
A long-term license agreement with Disney was signed in Q4 2025, resolving all outstanding litigation.
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