Goldman Sachs BDC (NYSE:GSBD) Q4 2025 Earnings call February 27, 2026 09:00 AM ET Speaker3Good morning. This is John Silas, a member of the investor relations team for Goldman Sachs BDC, Inc., I would like to welcome everyone to the Goldman Sachs BDC, Inc. fourth quarter and fiscal year-end 2025 earnings conference call. Please note that all participants will be in listen-only mode until the end of the call, when we will open up the line for questions. Before we begin today's call, I would like to remind ou ...

Fulgent Genetics (NasdaqGM:FLGT) Q4 2025 Earnings call February 27, 2026 08:30 AM ET Company ParticipantsAndrew Cooper - Director and Equity ResearchBrandon Perthuis - Chief Commercial OfficerDavid Westenberg - Managing Director and Equity ResearchLauren Sloane - Head of Investor RelationsLu Li - Healthcare Equity Research and DirectorMing Hsieh - Chairman and CEOPaul Kim - CFOOperatorGreetings, welcome to Fulgent Genetics fourth quarter 2025 conference call and webcast. At this time, all participants are i ...

BrightSpring Health Services (NasdaqGS:BTSG) Q4 2025 Earnings call February 27, 2026 08:30 AM ET Company ParticipantsAJ Rice - Managing DirectorCharles Rhyee - Managing DirectorDavid Deuchler - Investor RelationsJared Haase - Equity Research AssociateJen Phipps - CFOJon Rousseau - President and CEOMatthew Gillmor - DirectorWhit Mayo - Senior Managing DirectorConference Call ParticipantsAnn Hynes - Senior Healthcare Services Equity Analyst and Managing DirectorBrian Tanquilut - Senior AnalystDavid Larsen - A ...

Diversified Energy Company (NYSE:DEC) H2 2025 Earnings call February 27, 2026 08:30 AM ET Company ParticipantsBrad Gray - President and CFODouglas Kris - SVP, Investor Relations, and Corporate CommunicationsRusty Hutson - Co-Founder, CEO, and DirectorConference Call ParticipantsCharles Meade - Research AnalystJonathan Mardini - Senior Equity Research AnalystNeal Dingmann - Research AnalystPaul Diamond - Senior Equity Research AnalystSam Wahab - Equity Research Analyst for Oil and GasOperatorGreetings, welco ...

Financial Data and Key Metrics Changes - The company reported a GAAP loss from continuing operations of $1.46 per common share for the fourth quarter, with distributable earnings reflecting a loss of $0.43 per common share, and $0.09 per common share when excluding realized losses on asset sales [14] - Book value per share declined 14% to $8.79 from $10.28 in the prior quarter, primarily due to an increase in combined valuation allowance and CECL reserves totaling $173 million [14][15] - The recurring revenue decreased to $41.5 million from $47.3 million in the prior quarter, attributed to a reduction in gain on sale revenue from lower SBA 7(a) and USDA loan sales [15] Business Line Data and Key Metrics Changes - The company is targeting a 25% reduction in operating costs to align with a simplified CRE investment strategy, increasing capital allocation to capital-light small business lending operations from 10% to 20% [9] - The company generated approximately $380 million in free cash from portfolio sales and asset management resolutions, with expectations to generate an additional $500 million by year-end [6][7] - The negative earnings drag from sub and non-performing loans is approximately $0.08 per share, with cash outflows of $13 million per quarter [7] Market Data and Key Metrics Changes - The occupancy rate for the hotel component of the Ritz property increased by 6.5% year-over-year, with ADR rising by 5% to $492 and RevPAR reaching $210 [10] - The company remains a top five lender in the SBA market despite a 50% decline in originations due to last year's government shutdown, with originations in the quarter totaling $84 million [11] Company Strategy and Development Direction - The company is focused on a comprehensive balance sheet repositioning strategy with three key priorities: strengthening liquidity, selling underperforming CRE assets, and positioning for sustainable future growth [4] - The repositioning plan includes aggressive asset management and a streamlined CRE origination business with a lower-cost structure [4][5] - The company is committed to enhancing liquidity and strengthening its platform while increasing reliance on external managers to expand investment capacity [12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in executing the liquidity plan and achieving stabilization in key assets, particularly the Ritz property [20] - The company anticipates continued pressure on book value but expects a more attractive portfolio with a competitive earnings profile post-repositioning [8] - Management highlighted the importance of strategic asset management decisions to not extend loans, focusing instead on short-term resolutions [22] Other Important Information - The company has successfully retired its 5.75% February senior unsecured note upon maturity [8] - The Ritz property represents 16% of year-end stockholders' equity, with significant progress made in its stabilization plan [9][10] Q&A Session Summary Question: Thoughts on keeping the Portland asset and accelerating the time frame - Management indicated strong progress in the stabilization plan and would likely lean towards holding the asset until stabilization is achieved [19][20] Question: Increase in nonaccruals and underlying performance - Management clarified that the increase in nonaccruals is due to strategic decisions rather than negative credit migration, focusing on short-term resolutions [22][23] Question: Anticipation of needing to reverse previously accrued interest - Management confirmed that accrued interest for loans identified for sale was reversed in the fourth quarter, with a reduction of approximately $53 million [28] Question: Sales price of loans sold in February relative to par - Loans sold in February were priced in the high nineties, with carrying and UPB values being closely aligned [40] Question: Other monetization strategies being considered - Management acknowledged the potential for selling non-core assets but emphasized commitment to the SBA business as a high ROE segment [48][49]

Photronics (NasdaqGS:PLAB) Q1 2026 Earnings call February 27, 2026 08:30 AM ET Company ParticipantsEric Rivera - President and CFOFrank Lee - Head of Asia OperationsGeorge Macricostas - Chairman and CEOTed Moreau - VP of Investor RelationsTristan Gerra - Managing Director of Semiconductors Equity ResearchConference Call ParticipantsGowshihan Sriharan - Equity Research AnalystOperatorWelcome to the Photronics first quarter and fiscal year 2026 earnings conference call. At this time, all participants are in a ...

Amneal Pharmaceuticals (NasdaqGS:AMRX) Q4 2025 Earnings call February 27, 2026 08:30 AM ET Company ParticipantsAnastasios Konidaris - EVP and CFOAnthony DiMeo - Head of Investor RelationsChintu Patel - Co-Founder and Co-CEOChirag Patel - Co-Founder and Co-CEOChris Schott - Managing DirectorJoe Renda - SVP and Chief Commercial OfficerConference Call ParticipantsDavid Amsellem - Managing Director and Senior Research AnalystLeszek Sulewski - Research AnalystMatt Dellatorre - VP and Equity AnalystOperatorThank ...

Gogo (NasdaqGS:GOGO) Q4 2025 Earnings call February 27, 2026 08:30 AM ET Company ParticipantsChris Moore - CEOWill Davis - Head of Investor RelationsZachary Cotner - CFOConference Call ParticipantsAlexander Phipps - AnalystJustin Lang - AnalystScott Searle - Managing Director and Senior Research AnalystSebastiano Petti - Senior Research AnalystOperatorGood day, and thank you for standing by. Welcome to Gogo's fourth quarter 2025 earnings conference call. At this time, all participants are in a listen-only m ...

TTEC (NasdaqGS:TTEC) Q4 2025 Earnings call February 27, 2026 08:30 AM ET Company ParticipantsBob Belknap - Group VP, Corporate FinanceJonathan Lee - Managing Director, Equity ResearchKenneth R. Wagers III - CFOKenneth Tuchman - Chairman and CEOVincent A. Colicchio - Managing DirectorConference Call ParticipantsGeorge Sutton - Senior Research AnalystMaggie Nolan - Research Analyst, Technology, Media, and CommunicationsOperatorWelcome to TTEC's fourth quarter and full year 2025 earnings conference call. I wou ...

Arcosa (NYSE:ACA) Q4 2025 Earnings call February 27, 2026 08:30 AM ET Company ParticipantsAntonio Carrillo - President and CEOErin Drabek - VP of Investor RelationsEthan Roberts - Equity Research AssociateGail Peck - CFOGarik Shmois - Managing DirectorIan Zaffino - Managing DirectorConference Call ParticipantsBrent Thielman - Managing Director and Senior Research AnalystJulio Romero - Senior Equity Research AnalystOperatorGood morning, ladies and gentlemen, and welcome to the Arcosa, Inc. fourth quarter and ...