Reports

Apollo delivered strong Q4 2025 performance with solid earnings, robust revenue, and record assets under management driven by inflows and origination activity.

• Generated strong GAAP net income attributable to common stockholders in Q4 2025.
• Achieved record total assets under management supported by continued inflows.

BD delivered stronger-than-expected first-quarter performance, driven by disciplined execution, accelerated commercial initiatives, and broad-based growth across key end markets. The company reported total revenues of $5.252 billion, a 1.6% increase, and GAAP diluted EPS of $1.34. Adjusted diluted EPS was $2.91. The combination of BD's Biosciences and Diagnostic Solutions business with Waters Corporation is expected to close today, marking a pivot to 'New BD' with a focus on commercial capabilities, innovation, and gross margin expansion.

• Total revenues for the first quarter of fiscal 2026 reached $5.252 billion, an increase of 1.6% as reported and 0.4% on a foreign currency-neutral basis.
• GAAP diluted EPS was $1.34, a 28.8% increase, while adjusted diluted EPS was $2.91, a decrease of 15.2%.

ORIX delivered strong performance through the third quarter with double-digit revenue growth and significantly higher net income, supported by investment-related gains and insurance operations.

• Revenue increased meaningfully compared with the prior year period.
• Net income attributable to shareholders rose sharply year over year.

Arch Capital delivered strong Q4 2025 results, driven by higher underwriting income across insurance and reinsurance segments, lower catastrophe losses, and a materially improved combined ratio.

• Net income available to common shareholders was $1228000000 with GAAP EPS of $3.35.
• Adjusted EPS was $2.98, reflecting strong underlying underwriting performance.

Cincinnati Financial Corporation announced a robust fourth quarter and full-year 2025, with net income rising to $676 million for the quarter, a 67% increase from the previous year. Total revenues reached $3.091 billion, up 22%, primarily due to higher earned premiums and substantial investment gains. The company also reported a healthy increase in book value per share and a strong value creation ratio for the full year.

• Fourth-quarter 2025 net income increased by 67% to $676 million, or $4.29 per share, compared to $405 million in Q4 2024.
• Total revenues for the fourth quarter grew 22% to $3.091 billion, driven by a 10% increase in earned premiums and significant investment gains.

Waters delivered strong Q4 performance with revenue growth at the high end of guidance, broad-based end-market strength, and double-digit growth in non-GAAP EPS driven by chemistry and recurring revenue momentum.

• Q4 revenue reached $932.36 million, growing year over year.
• Non-GAAP EPS increased double digits to $4.53.

Loews Corporation delivered strong Q4 2025 results with materially higher net income and EPS, supported by improved performance at CNA Financial and higher investment income, partially offset by lower results at Boardwalk Pipelines and Loews Hotels.

• Net income more than doubled year over year to $402 million
• CNA Financial was the largest contributor to quarterly earnings

ON Semiconductor delivered Q4 2025 revenue of $1.53 billion with solid profitability, supported by resilient gross margins and strong free cash flow generation despite softer end-market demand.

• Revenue reflected stabilization across key automotive and industrial markets.
• Gross margin remained solid at 36.0% on a GAAP basis.

Medpace Holdings, Inc. announced robust financial results for the fourth quarter and full year ended December 31, 2025. The company reported a 32.0% increase in revenue to $708.5 million for Q4 2025, with GAAP net income rising to $135.1 million, or $4.67 per diluted share. Net new business awards also saw a substantial increase of 39.1%, leading to a net book-to-bill ratio of 1.04x.

• Revenue for Q4 2025 increased 32.0% to $708.5 million compared to the prior-year period.
• GAAP net income for Q4 2025 was $135.1 million, or $4.67 per diluted share, up from $117.0 million, or $3.67 per diluted share, in Q4 2024.

Corebridge Financial delivered strong results in Q4 2025, with net income of $814 million and operating EPS of $1.22. The company saw a 7% increase in premiums and deposits, reaching $10.1 billion, and returned $1.2 billion to shareholders, primarily through share repurchases.

• Net income for Q4 2025 was $814 million, or $1.59 per share.
• Adjusted after-tax operating income was $626 million, with operating EPS of $1.22.

Dynatrace reported strong third-quarter fiscal year 2026 financial results, surpassing the high end of its guidance for all top-line growth and profitability metrics. The company achieved significant increases in total ARR, total revenue, and subscription revenue, both on an as-reported and constant currency basis. Profitability also saw a notable rise, with GAAP operating margin reaching 14% and non-GAAP operating margin at 30%. Additionally, Dynatrace announced a new $1 billion share repurchase program, reflecting confidence in its business strength and commitment to shareholder value.

• Total ARR reached $1,972 million, marking a 20% increase year-over-year, or 16% on a constant currency basis.
• Total revenue grew by 18% to $515 million, with subscription revenue also increasing by 18% to $493 million.

AECOM delivered a strong first quarter in fiscal 2026, with performance exceeding expectations across all key financial metrics. The company reported a revenue of $3.83 billion, net income of $93.35 million, and diluted EPS of $0.56. Backlog reached a record high of $25.96 billion, driven by a 1.5x book-to-burn ratio. The company also raised its fiscal 2026 earnings guidance and returned over $340 million to shareholders through repurchases and dividends.

• Strong performance exceeded expectations on all key financial metrics, leading to raised earnings guidance for fiscal 2026.
• Total backlog increased by 9% year-over-year and sequentially to a record high of $25.96 billion, supported by a 1.5x book-to-burn ratio.

CNA Financial delivered a strong Q4 2025 with significantly higher net income and solid underwriting results, supported by higher net investment income despite slightly weaker core income year over year.

• Net income rose sharply compared with the prior year quarter
• Property & Casualty underwriting remained profitable

UDR, Inc. reported strong fourth quarter and full-year 2025 results, with FFOA per share and Same-Store growth exceeding original expectations. The company also announced a dividend increase and provided optimistic guidance for 2026, driven by positive operating momentum and easing supply pressures.

• Net Income per diluted share for Q4 2025 was $0.67, compared to $(0.02) in Q4 2024, showing significant improvement.
• FFO per diluted share increased by 29% year-over-year to $0.62 in Q4 2025.

Amentum delivered Q1 FY26 revenue of $3.24 billion with strong earnings growth, higher operating income, and improved adjusted EBITDA margin despite lower year-over-year revenue.

• Operating income and net income increased significantly year over year.
• Adjusted EBITDA margin expanded to 8.1% driven by operational execution.

Amkor reported strong Q4 2025 results with revenue growth driven by advanced packaging, improved margins, and solid profitability despite a challenging semiconductor environment.

• Revenue was driven primarily by advanced packaging products.
• Gross margin improved sequentially in the fourth quarter.

Brixmor Property Group delivered record annual operating results in 2025, with a notable increase in net income and FFO per diluted share. The company saw strong leasing activity, leading to increased occupancy across all categories, and successfully executed on its acquisition and disposition strategies.

• Net income attributable to Brixmor Property Group Inc. for Q4 2025 increased to $137.1 million, or $0.44 per diluted share, compared to $83.4 million, or $0.27 per diluted share, in Q4 2024.
• Nareit FFO for Q4 2025 was $178.4 million, or $0.58 per diluted share, up from $161.4 million, or $0.53 per diluted share, in Q4 2024.

Cleveland-Cliffs delivered flat revenue year over year in Q4 2025 while significantly reducing losses, supported by improved cost control and a smaller Adjusted EBITDA loss despite weak automotive demand.

• Revenue remained flat year over year at just over $4.3 billion
• Net loss narrowed substantially compared with the prior year quarter

Freedom Holding delivered solid Q3 FY2026 results with high revenue from interest income, trading gains, and foreign exchange operations, leading to strong net income and earnings per share.

• Total net revenue reached $628.6 million in the quarter.
• Net income amounted to $76.2 million, reflecting resilient profitability.

Vornado Realty Trust experienced a decline in net income and FFO per diluted share in the fourth quarter of 2025 compared to the same period in the prior year. While total revenues remained relatively stable, specific adjustments and non-GAAP items impacted overall profitability. The company also reported various acquisition, disposition, and financing activities during the period.

• Net income attributable to common shareholders decreased to $601,000 in Q4 2025 from $1,203,000 in Q4 2024.
• FFO attributable to common shareholders plus assumed conversions (non-GAAP) decreased to $112,927,000 in Q4 2025 from $117,085,000 in Q4 2024.

Simpson Manufacturing Co., Inc. reported a strong fourth quarter and full year for 2025, with net sales increasing by 4.2% year-over-year to $539.3 million and diluted EPS reaching $1.35 for the quarter. The company also achieved a 19.6% operating income margin for the full year, reflecting effective cost management and business model strength.

• Net sales for Q4 2025 increased by 4.2% year-over-year to $539.3 million.
• Diluted net income per common share for Q4 2025 was $1.35, a 3.1% increase from the previous year.

monday.com delivered strong Q4 performance with 25% year-over-year revenue growth, solid profitability, and continued momentum among larger enterprise customers.

• Revenue grew strongly year-over-year in Q4.
• The company generated positive GAAP net income in the quarter.

Kyndryl reported revenues of $3.9 billion for the third quarter ended December 31, 2025, a 3% year-over-year increase. The company achieved a net income of $57 million and an adjusted EBITDA of $696 million. Kyndryl Consult demonstrated double-digit revenue growth, and hyperscaler-related revenue also saw significant growth.

• Revenues for the quarter ended December 31, 2025, totaled $3.9 billion, marking a 3% year-over-year increase.
• Adjusted EBITDA reached $696 million, with adjusted pretax income at $168 million and adjusted net income at $122 million.

Kilroy Realty Corporation reported a strong fourth quarter and full year for 2025, driven by increased tenant demand and progress in redevelopment projects. Revenues for the quarter were $272.2 million, with a net income of $12.4 million and FFO of $117.2 million.

• Fourth quarter revenues were $272.2 million, a decrease from $286.4 million in Q4 2024.
• Net income available to common stockholders was $12.4 million, or $0.10 per diluted share, compared to $59.5 million, or $0.50 per diluted share in Q4 2024.

ZoomInfo reported modest revenue growth in Q4 2025 while delivering solid profitability, highlighted by strong operating margins and healthy free cash flow generation.

• Revenue grew year over year in the fourth quarter.
• Operating income and margins improved significantly.

Curbline Properties Corp. concluded an incredible first year as a public company, reporting a net income of $9.5 million for the fourth quarter of 2025 and $39.8 million for the full year. The company demonstrated strong operational performance with a 3.3% increase in same-property NOI and substantial real estate acquisitions totaling almost $800 million.

• Net income attributable to Curbline for Q4 2025 was $9.5 million, or $0.09 per diluted share.
• Operating FFO for Q4 2025 was $30.4 million, or $0.29 per diluted share.

Upwork reported modest revenue growth in Q4 2025 while maintaining strong profitability, highlighted by a 27% adjusted EBITDA margin and positive free cash flow generation.

• Revenue increased year over year driven by Marketplace activity.
• Adjusted EBITDA margin expanded to 27%.

Goodyear delivered flat year-over-year revenue in Q4 2025 while significantly improving segment operating income and margins, reflecting strong execution and cost discipline despite challenging industry conditions.

• Segment operating income exceeded expectations and reached a multi-year high.
• All regions delivered positive segment operating income in the quarter.

Butterfield delivered solid Q4 2025 results with modest revenue growth and improved profitability driven by higher non-interest income and lower credit loss provisions.

• Fourth-quarter net income increased to $63.8 million.
• Total net revenue for the quarter reached $159.1 million.

Pagaya delivered a profitable Q4 with positive GAAP net income, strong adjusted EBITDA, and stable network volume, reflecting improved economics and operating leverage.

• Returned to GAAP profitability in Q4.
• Adjusted EBITDA showed strong year-over-year improvement.

Danaos delivered robust Q4 results with strong operating revenues, high utilization across both container and drybulk fleets, and solid profitability.

• Operating revenues reached $266.27 million in the quarter.
• Net income remained strong at $117.91 million.

Sally Beauty Holdings, Inc. announced a strong start to fiscal 2026, with consolidated net sales increasing by 0.6% to $943 million and adjusted diluted EPS growing by 12% to $0.48. The company maintained healthy gross margins and generated robust cash flow from operations, which was used to invest in growth, reduce debt, and return value to shareholders.

• Consolidated net sales increased by 0.6% to $943 million compared to the prior year.
• Adjusted diluted EPS increased by 12% to $0.48, while GAAP diluted EPS decreased by 22% to $0.45.

Universal reported lower Q3 FY26 revenue and earnings year over year, reflecting reduced tobacco sales volumes and weaker ingredients performance, partially offset by disciplined cost management.

• Revenue declined due to lower tobacco sales volumes.
• Tobacco operations remained profitable despite volume pressure.

Prospect Capital generated strong net investment income in the quarter, but unrealized investment losses resulted in a net loss and a decline in net asset value.

• Net investment income per share remained stable at $0.19.
• The company reported a net loss driven by unrealized investment losses.

Alexander’s delivered lower Q4 2025 results with declines in revenue, net income, and funds from operations, reflecting reduced profitability versus a strong prior-year quarter.

• Fourth-quarter revenue declined year over year
• Net income decreased significantly from the prior-year quarter

PennantPark Floating Rate Capital Ltd. reported a decrease in net investment income and net assets for the first quarter ended December 31, 2025, primarily due to increased interest expenses and one-time credit facility amendment costs, despite an increase in total investment income.

• Net investment income decreased to $26.6 million, or $0.27 per share, compared to $30.0 million, or $0.37 per share, in the prior year.
• Total investment income increased to $70.1 million from $67.0 million in the same period last year, driven by higher interest income from non-controlled, non-affiliated investments.

Unitil reported a challenging fourth quarter in 2025, with total revenue declining to $115.2 million from $120.5 million in the prior year. Net income also saw a significant drop to $10.5 million, or $0.65 per diluted share, compared to $14.1 million, or $0.88 per diluted share, in Q4 2024. The decrease was largely attributed to lower electric and gas sales volumes, impacted by milder weather and conservation efforts.

• Total revenue for Q4 2025 decreased by 4.4% to $115.2 million from $120.5 million in Q4 2024.
• Net income for the quarter fell by 25.6% to $10.5 million, resulting in diluted EPS of $0.65.

Edgewell delivered modest revenue growth in Q1 fiscal 2026 but reported an operating loss as inflation, restructuring charges, and mix pressures weighed on margins despite solid performance in Sun and Skin Care.

• Net sales increased modestly year over year on a continuing operations basis.
• Gross margin declined due to inflation, tariffs, and volume absorption.

Powerfleet delivered record Q3 revenue driven by strong services growth, returned to operating profitability, and significantly expanded adjusted EBITDA and margins.

• Total revenue reached a quarterly record driven by services growth.
• Operating income turned positive year over year.

Ichor Holdings, Ltd. reported fourth quarter 2025 revenue of $223.6 million, exceeding the midpoint of its guidance. The company achieved a GAAP gross margin of 9.4% and a non-GAAP gross margin of 11.7%. Diluted EPS was $(0.46) on a GAAP basis and $0.01 on a non-GAAP basis.

• Fourth quarter 2025 revenue reached $223.6 million, surpassing the mid-point of the company's guidance.
• GAAP gross margin for Q4 2025 was 9.4%, while non-GAAP gross margin was 11.7%.

Columbus McKinnon Corporation announced strong financial results for the third quarter of fiscal year 2026, with net sales increasing by 10.5% to $258.7 million and net income rising by 51.5% to $6.0 million. The growth was primarily fueled by higher volume, price improvement, and favorable currency translation, particularly in the U.S. market. The company also reported a significant increase in backlog and cash flow from operations.

• Net sales increased 10.5% to $258.7 million, driven by higher volume, price improvement, and favorable currency translation.
• Net income rose 51.5% to $6.0 million, with diluted EPS up 50.0% to $0.21.

Anavex Life Sciences reported a narrower net loss in Q1 FY2026 as research and development and general and administrative expenses declined materially, while the company maintained a strong cash position supporting a multi-year runway.

• Net loss narrowed significantly year over year
• Research and development expenses declined sharply

Consensus Cloud Solutions delivered flat revenue growth in Q4 2025 while expanding margins, driving double-digit growth in net income and earnings per share supported by cost discipline and strong cash generation.

• Q4 revenue increased slightly year over year, driven by growth in the Corporate segment.
• Net income and EPS rose at a double-digit rate due to lower expenses and tax benefits.

PennantPark Investment Corporation reported a net investment income of $7.0 million for the first quarter ended December 31, 2025, a decrease from $13.0 million in the prior year. The company's net assets totaled $457.2 million, with a net asset value per share of $7.00. The company also announced an adjusted dividend structure, maintaining a total monthly dividend of $0.08 per share, split into a base and supplemental dividend.

• Net investment income for Q1 2026 was $7.0 million, a decrease from $13.0 million in Q1 2025.
• Net asset value per share was $7.00, with a quarterly change of -1.5%.

Manitowoc delivered higher Q4 revenue and profitability year over year, supported by strong order growth, increased backlog, and solid cash generation.

• Fourth-quarter net sales increased to $677.1 million.
• Orders reached $803.4 million, driving backlog to $793.5 million.

Enanta Pharmaceuticals reported a total revenue of $18.6 million for the fiscal first quarter ended December 31, 2025, an increase from $17.0 million in the same period last year. The company also significantly reduced its net loss to $11.9 million, or $0.42 per diluted common share, compared to a net loss of $22.3 million, or $1.05 per diluted common share, in the prior year.

• Total revenue increased to $18.6 million, up from $17.0 million in the prior year, driven by higher AbbVie product sales.
• Net loss significantly decreased to $11.9 million ($0.42 per diluted common share) from $22.3 million ($1.05 per diluted common share) in the previous year.

EVI Industries delivered record Q2 results with strong revenue growth, expanding gross margins, and significantly higher operating and net income driven by acquisitions and improved operating efficiency.

• Quarterly revenue reached a record $115.3 million.
• Gross profit increased to $35.5 million with a 30.8% gross margin.

Radiant Logistics, Inc. delivered solid financial results for the second fiscal quarter ended December 31, 2025, with revenues of $232.1 million and adjusted EBITDA of $11.8 million. Excluding the impact of the Milton Project from the prior year, revenues increased by 16.2% and adjusted EBITDA surged by 93.4%, demonstrating strong underlying growth and operational efficiency.

• Revenues for the second fiscal quarter were $232.1 million, a decrease of 12.2% year-over-year, but an increase of 16.2% when excluding the Milton Project from the prior year.
• Adjusted EBITDA for the quarter was $11.8 million, a slight decrease of 1.7% year-over-year, but a substantial increase of 93.4% when excluding the Milton Project.

Motorcar Parts of America reported lower year-over-year revenue in Q3 FY2026 due to reduced ordering from a large customer, but remained profitable with positive net income and improving gross margins supported by operational efficiencies and brake-related capacity utilization.

• Revenue declined year over year due to reduced ordering from a large customer
• Gross margin improved sequentially despite lower sales volumes

Outdoor Holding Company reported a profitable third fiscal quarter for 2026, with net revenues increasing by 7% to $13.39 million and gross profit rising to $11.66 million. The company achieved a net income of $1.46 million before discontinued operations, marking its second consecutive quarter of net profitability, and significantly improved Adjusted EBITDA to $6.55 million.

• Net revenues increased 7% year-over-year to $13.39 million.
• Gross profit rose to $11.66 million, maintaining an approximate 87% gross profit margin.

Hain Celestial reported a net loss of $116 million in the second fiscal quarter of 2026, a decrease from the prior year, primarily due to pre-tax non-cash impairment charges of $132 million. Net sales were $384.1 million, down 7% year-over-year, with organic net sales also decreasing by 7%.

• Net sales for Q2 FY26 were $384.1 million, a 7% decrease year-over-year.
• The company reported a net loss of $116 million, compared to a net loss of $104 million in the prior year period.

Chegg posted a significant year-over-year revenue decline in Q4, reflecting pressure in Academic Services, partially offset by growth in Chegg Skilling, while profitability remained negative despite positive adjusted EBITDA.

• Total Q4 revenue declined sharply year over year to $72.66 million.
• Chegg Skilling revenue grew to $17.72 million, showing momentum in the new growth engine.

Aeries Technology reported stable revenue in Q3 FY2026 with positive net income, improved operating leverage, and strong adjusted EBITDA margins, supported by expanding multi-year GCC engagements and disciplined cost execution.

• Revenue reached $17.5 million for the quarter
• Company delivered positive net income and operating income

Inotiv reported slightly higher Q1 FY26 revenue driven by double-digit growth in DSA, offset by continued weakness in RMS, while operating and net losses widened and adjusted EBITDA declined year over year.

• Revenue increased modestly year over year, led by DSA growth.
• Operating loss widened compared to the prior-year quarter.