This news release contains forward-looking information about expected future events that is subject to risks and assumptions set out in the “Cautionary Statement on Forward-Looking Information” below. All figures are in United States dollars. All production figures reflect payable metal quantities and are on a 100% basis, unless otherwise stated. For references denoted with NG, refer to the “Non-GAAP and Other Financial Measures” disclosure at the end of this news release for a description of these measure ...

Reddy Ice Announces Successful Closing of the Acquisition of Arctic Glacier [Accessibility Statement] Skip NavigationDALLAS, Feb. 18, 2026 /PRNewswire/ -- Reddy Ice, LLC ("Reddy Ice") today announced the successful closing of the acquisition of Arctic Glacier, LLC, a North American provider of premium ice products and services, from Carlyle (NASDAQ: CG). Terms of the transaction were not disclosed.Reddy Ice is a portfolio company of SCI Capital Partners LP ("SCI") and a leading manufacturer and distributor ...

Group 1 - StandardAero (NYSE: SARO) has experienced a 21.7% increase since the last report, contrasting with a largely flat performance of the S&P 500, indicating strong growth prospects in the aerospace and defense sector [1] - The aerospace, defense, and airline analyst, Dhierin-Perkash Bechai, emphasizes the potential for investment opportunities within these industries, supported by data-informed analysis [1] - The Aerospace Forum provides access to data analytics monitors, enhancing the ability to identify and evaluate investment opportunities in the aerospace and defense sectors [1]

Group 1 - Barclays raised the target price for Carlyle Group from $65 to $71, maintaining an "Overweight" rating [1]

Company Overview - The Carlyle Group Inc. will acquire the housing loan unit of Edelweiss Financial Services Ltd, Nido Home Finance Ltd, in a ₹2,100 crore deal [1] - Nido provides home loans to customers across affordable housing and mass-market segments, managing assets worth ₹4,804 crore [7] Deal Structure - Carlyle Asia Partners will acquire a 45% stake in Nido through a secondary purchase and a primary equity capital infusion of ₹1,500 crore [2] - Edelweiss will sell 31.2 million shares for ₹602 crore and issue 25.7 million fresh shares at ₹193 per share to CA Sardo Investments [3] - The share issue price represents a 73% premium over the stock's closing price on the previous trading day [4] Stake Distribution - Upon completion, Carlyle's funds will hold approximately 73% of Nido on a fully diluted basis [3] - CA Sardo and Salisbury will receive fresh warrants priced at ₹193 each [4] Financial Impact - In fiscal 2024-25, Nido contributed 5.5% to Edelweiss's top line, amounting to ₹521 crore, and 14% to the company's net worth [5] Strategic Rationale - The transaction is viewed as a "win-win-win" for all stakeholders, advancing value creation for Edelweiss, reinforcing growth for Nido, and providing Carlyle with entry into India's housing financing sector [6] Market Context - The deal occurs amid a trend where housing finance companies (HFCs) are increasingly relying on non-housing loans to protect margins and growth [9] - Icra Ltd expects healthy growth of 15-17% in HFCs' assets under management during FY26-27 [10] - Housing loans as a share of GDP rose to 11% in FY25 from 8% in FY15, driven by demand-side measures [10]

Core Insights - The Carlyle Group Inc. (CG) reported a 5.9% increase in shares during Friday's trading session, with fourth-quarter 2025 post-tax distributable earnings per share of $1.01, matching the Zacks Consensus Estimate and improving from 92 cents per share in the previous year [1][8] Financial Performance - Net income attributable to Carlyle was $358.1 million, up from $210.9 million in the year-ago quarter, while for 2025, post-tax distributable earnings per share were $4.02, slightly missing the Zacks Consensus Estimate of $4.03 but increasing from $3.66 in 2024 [2] - Fourth-quarter segmental revenues reached $1.09 billion, a 15.1% increase from the previous year, matching the Zacks Consensus Estimate [3][8] - Total segment fee revenues rose 2.3% year over year to $669.9 million, driven by increased fund management fees and fee-related performance revenues, while realized performance revenues surged 46.8% to $360.8 million [4] Expenses and AUM - Total segmental expenses increased by 16.1% year over year to $655.4 million, presenting a challenge to overall profitability [4][8] - As of December 31, 2025, total assets under management (AUM) were $476.9 billion, reflecting an 8.1% increase from the prior year, with fee-earning AUM rising 10.6% to $336.8 billion [5] Capital Distribution - In the reported quarter, Carlyle repurchased or withheld 3.8 million shares for $204 million, with $0.2 billion worth of shares remaining under authorization [6] - The company declared a quarterly dividend of 35 cents per share, scheduled for payment on February 20, 2026 [6] Strategic Outlook - The increase in total AUM and efforts to expand investment platforms are expected to support long-term revenue growth for Carlyle, although rising expenses and a competitive financial environment pose challenges [7]

Group 1 - The Carlyle Group is a global investment firm managing assets across private equity, real estate, and credit, with Barclays maintaining an "Overweight" rating and raising its price target from $65 to $71 [1][5] - Carlyle's stock has a high volatility with a beta of 2.05, making it 105% more volatile than the S&P 500, which may attract investors looking for higher returns [2][5] - Analyst recommendations for Carlyle Group show a favorable rating score of 2.38, indicating stronger confidence compared to Portman Ridge Finance, which has a score of 2.00 [3][5] Group 2 - Carlyle Group's market capitalization is approximately $21.16 billion, with a trading volume of 3,573,897 shares on NASDAQ, and the stock has experienced significant price movement over the past year [4] - The current stock price of Carlyle is $58.71, reflecting a 5.96% increase, with a trading range between $57.67 and $61.22 [3]

Core Insights - Carlyle Group Inc. reported an earnings per share (EPS) of $1.01, slightly below the estimated $1.03, while revenue reached approximately $1.09 billion, surpassing the estimated $1.07 billion [1][6] Financial Performance - The fourth-quarter results showed fee-related earnings growing by 12% year-over-year, reaching a record $1.2 billion, which doubled the firm's original goal [2] - Fourth-quarter distributable earnings increased by 14% from the previous year, amounting to $436 million [2] Fundraising and Capital Deployment - Carlyle raised $53.7 billion in fresh capital during 2025, supported by its credit and AlpInvest platforms [3] - The firm deployed $54.5 billion over the same period and generated $34 billion from asset sales, including the IPO of Medline [3] Financial Metrics - The company has a price-to-earnings (P/E) ratio of approximately 31.96, indicating investor confidence [4] - The price-to-sales ratio stands at about 5.73, reflecting the market's valuation of its revenue [4] - The enterprise value to operating cash flow ratio is negative at -12.56, suggesting challenges in cash flow generation [4] Leverage and Returns - Carlyle's debt-to-equity ratio is 2.25, highlighting its financial leverage [5] - The earnings yield is approximately 3.13%, providing insight into the return on investment for shareholders [5]

Core Viewpoint - OXLC has recently cut its dividends, raising concerns that similar actions may occur among its peers, specifically Carlyle Credit Income Fund (CCIF) and OFS Credit Company Inc (OCCI) [1] Group 1: Company Actions - OXLC has reduced its dividends, which may indicate financial distress or a strategic shift [1] - The potential for dividend cuts in CCIF and OCCI is highlighted, suggesting a broader trend in the sector [1] Group 2: Investment Strategies - Denislav Iliev, with over 15 years of day trading experience, leads a team that focuses on identifying mispriced investments in fixed-income and closed-end funds [1] - The investment group Trade With Beta offers features such as frequent picks for mispriced preferred stocks and baby bonds, along with weekly reviews of over 1200 equities [1]

Financial Data and Key Metrics Changes - 2025 was a record year for the company, with fee-related earnings (FRE) up 12% year-over-year, reaching a margin of 47% [5][17] - Total inflows amounted to $54 billion, significantly exceeding the original target of $40 billion, representing a 32% increase year-over-year [5][18] - Distributable earnings (DE) for 2025 were $1.7 billion, or $4.02 per share, an 11% increase from the previous year [16][17] - Total fee revenues reached a record $2.6 billion for the full year, reflecting a 10% organic growth rate [17] Business Line Data and Key Metrics Changes - Carlyle AlpInvest generated a record $274 million of FRE for the year, up nearly 60% [19] - Global Credit delivered a record $402 million of FRE for 2025, up 21% from the prior year [21] - Global private equity realized over $18 billion of proceeds in 2025, the highest level in the past three years [22] Market Data and Key Metrics Changes - The company was the number 1 private equity sponsor globally by IPO proceeds, generating approximately $10 billion of IPO issuance over the past two years [7][8] - The IPO of Medline raised over $7 billion, marking it as the largest sponsor-backed IPO of all time [8] - CLO inflows of $7 billion in 2025 were up almost 20% from the prior year, with the company being the most active CLO manager for U.S. activity [11] Company Strategy and Development Direction - The company aims to continue building on its strategy of investment performance, disciplined capital allocation, and delivering long-term value for investors [14] - There is a strong focus on expanding in global wealth, insurance solutions, and asset-backed finance, with significant opportunities identified in each area [17] - The company plans to host a shareholder update to share multi-year financial targets and insights into its strategic direction [15] Management's Comments on Operating Environment and Future Outlook - The macro environment in 2025 was resilient despite geopolitical concerns, with M&A and IPO activity accelerating [7] - Management expressed confidence in the sustainability of monetization momentum into 2026, citing strong January data from their portfolio [29] - The economic engine appears strong, with good GDP growth and EBITDA generation expected [29] Other Important Information - The company returned $18 billion of capital to investors in 2025, consistent with the previous year [9] - The balance sheet remains strong, with $2 billion in cash and over $3 billion in investments [22] Q&A Session Summary Question: Thoughts on sustainability of monetization momentum into 2026 - Management is optimistic about the sustainability of monetization momentum, citing strong January data and good economic indicators [29] Question: State of play in direct lending and credit quality - Management feels well-positioned in direct lending and has been systematic in building their credit business, which is diversified and durable [36][38] Question: Expectations for management fee growth in 2026 - Management indicated that detailed insights will be provided in the upcoming shareholder update, but they are confident in their diversified fundraising pipeline [58] Question: Exposure to software in CLOs and impact of recent volatility - Management stated that their CLO performance has been strong and does not expect recent market volatility to affect them significantly [61] Question: Steps to enhance originations in the credit business - The company has made significant hires to enhance its origination capabilities and achieved record originations in 2025 [95]