New Jersey Resources (NYSE:NJR) Q1 2026 Earnings call February 03, 2026 10:00 AM ET Speaker5Good morning, ladies and gentlemen, and thank you for standing by. My name is Kelvin, and I will be your conference operator today. At this time, I would like to welcome everyone to the New Jersey Resources Fiscal 2026 First Quarter Conference Call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question-and-answer session. If you would like to ask a q ...

Illinois Tool Works (NYSE:ITW) Q4 2025 Earnings call February 03, 2026 10:00 AM ET Speaker3Good morning. My name is Regina, and I will be your conference operator today. At this time, I would like to welcome everyone to the ITW's fourth quarter and full year earnings conference call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question-and-answer session. If you would like to ask a question during this time, simply press Star, followed by ...

Financial Data and Key Metrics Changes - In Q4 2025, net sales were $2.1 billion, flat year-over-year, with volumes and pricing down slightly less than 1%, offset by a $40 million foreign exchange benefit [23] - For the full year 2025, net sales were $8.6 billion, down approximately 2%, with adjusted EBITDA around $1.4 billion, reflecting pressures from competitive pricing and softer packaging volumes [24][25] - Adjusted EPS for the full year was $1.80, with a net leverage of 3.8x [25] Business Line Data and Key Metrics Changes - The company experienced a combined $174 million headwind from price and volume for the full year, with commodity input and operating cost inflation around $150 million [24] - Adjusted EBITDA for Q4 was $311 million, impacted by competitive pricing and production curtailments [23] Market Data and Key Metrics Changes - The external environment remains challenged, with overcapacity in commodity bleached paperboard markets affecting finished packaging [9] - Demand trends for consumer staples are uneven due to affordability and macroeconomic uncertainty, with expectations for improvement acknowledged [10] Company Strategy and Development Direction - The company aims to enhance profitability through cost actions and operational efficiencies, reduce inventory, and prioritize free cash flow generation [12] - A comprehensive operational and business review is underway to optimize the company's footprint and financial performance [9] - The growth strategy is customer-centric, focusing on disciplined organic growth and innovation to drive volume [18] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the need to right-size the cost structure and reduce inventory levels to enhance profitability [10] - The company expects to generate adjusted free cash flow between $700 million and $800 million in 2026, driven by reduced capital spending and inventory optimization [12][28] - There is confidence in restoring top-line growth and stronger margins as part of the value creation plan [13] Other Important Information - The Waco project is substantially complete, with total project spend estimated at $1.67 billion, and capital spending is expected to drop significantly in 2026 [15][16] - The company is focused on reducing leverage and returning capital to shareholders through dividends and share repurchases [20][21] Q&A Session Summary Question: What makes your approach different than what has come before at Graphic Packaging? - The new CEO emphasizes a focus on cost reduction, productivity, and operational excellence while maintaining strong customer relationships [37][38] Question: How are you able to balance inventory reduction while Waco continues to ramp? - The inventory reduction will focus on recycled, bleached, and cup stock, ensuring customer service is not disrupted [41][42] Question: How do you see the pricing dynamics in paperboard in the U.S. over the next couple of years? - The CEO notes that recycled and unbleached markets are balanced, while bleached paperboard faces oversupply and pricing pressure [44][45] Question: What are the factors determining core or non-core assets in the business? - The company will focus on durable competitive advantages and synergies, particularly in North America and Europe food and beverage businesses [54][56]

MGIC Investment (NYSE:MTG) Q4 2025 Earnings call February 03, 2026 10:00 AM ET Speaker6Good day, ladies and gentlemen, and thank you for standing by. Welcome to the MGIC Investment Corporation fourth quarter 2025 earnings call. At this time, all lines have been placed on mute to prevent any background noise. At the end of today's presentation, we'll have a question and answer session. If anyone should require to ask a question at this time, please press star one one on your telephone keypad. At this time, I ...

Pennantpark Floating Rate Capital (NYSE:PFLT) FY 2026 Annual General Meeting February 03, 2026 09:45 AM ET Company ParticipantsArt Penn - CEO and ChairmanThomas Friedmann - SecretaryArt PennGood morning. This is Art Penn, CEO and Chairman of PennantPark Floating Rate Capital. As presiding officer, and in keeping with the digital approach to this year's meeting, it's now 9:45 A.M. Eastern Standard Time on February third, 2026, and I hereby call this virtual meeting to order and welcome you to the 2026 Annual ...

Financial Data and Key Metrics Changes - The company held its annual meeting on February 3, 2026, but specific financial data and key metrics were not disclosed during the meeting [1][11]. Business Line Data and Key Metrics Changes - No specific data or key metrics related to individual business lines were provided during the meeting [1][11]. Market Data and Key Metrics Changes - There was no discussion of market data or key metrics changes during the meeting [1][11]. Company Strategy and Development Direction and Industry Competition - The company ratified the selection of RSM US LLP as the independent registered public accounting firm for the fiscal year ending September 30, 2026, indicating a focus on maintaining strong governance and compliance [10]. Management Comments on Operating Environment and Future Outlook - Management did not provide specific comments on the operating environment or future outlook during the meeting [1][11]. Other Important Information - The meeting was conducted virtually, and stockholders were encouraged to submit questions through the web portal [5][11]. - The election of two directors, Arthur Penn and Jose A. Briones Jr., for a three-year term was successfully completed [10]. Q&A Session Summary - No questions were submitted during the Q&A session, and the meeting concluded without any further inquiries from stockholders [11].

Financial Data and Key Metrics Changes - The company held its Annual General Meeting on February 3, 2026, but specific financial data and key metrics changes were not disclosed during the meeting [1][2]. Business Line Data and Key Metrics Changes - No detailed information regarding changes in various business lines was provided during the meeting [1][2]. Market Data and Key Metrics Changes - There was no specific market data or key metrics changes discussed in the meeting [1][2]. Company Strategy and Development Direction - The company ratified RSM U.S. LLP as its independent registered public accounting firm for the fiscal year ending September 30, 2026, indicating a focus on maintaining strong governance and compliance [8]. Management Comments on Operating Environment and Future Outlook - Management did not provide specific comments on the operating environment or future outlook during the meeting [1][2]. Other Important Information - The meeting was conducted virtually, and stockholders were encouraged to participate through a web portal [1][2]. - The election of two directors, Samuel Katz and Marshall Brozost, was successfully completed, with both elected for a three-year term [8]. Q&A Session Summary - No questions were submitted during the Q&A session, and the meeting was closed without addressing any inquiries from stockholders [9].

MPLX (NYSE:MPLX) Q4 2025 Earnings call February 03, 2026 09:30 AM ET Company ParticipantsC. Kristopher Hagedorn - VP and ControllerGregory Floerke - EVP of OperationsKristina Kazarian - VP, Finance and Investor RelationsMaryann Mannen - President and CEOShawn Lyon - SVP of Logistics and StorageConference Call ParticipantsElvira Scotto - Managing Director, Senior Equity Research AnalystJohn Mackay - AnalystKeith Stanley - AnalystManav Gupta - AnalystOperatorWelcome to the MPLX fourth quarter 2025 earnings ca ...

Financial Data and Key Metrics Changes - The company held its annual meeting on February 3, 2026, but specific financial data and key metrics changes were not disclosed during the meeting [1][10]. Business Line Data and Key Metrics Changes - No detailed information regarding changes in various business lines was provided during the meeting [1][10]. Market Data and Key Metrics Changes - The meeting did not include specific market data or key metrics changes relevant to the company's performance [1][10]. Company Strategy and Development Direction and Industry Competition - The company ratified the selection of RSM US LLP as its independent registered public accounting firm for the fiscal year ending September 30, 2026, indicating a focus on maintaining strong governance and compliance [9][10]. Management's Comments on Operating Environment and Future Outlook - Management did not provide specific comments on the operating environment or future outlook during the meeting [1][10]. Other Important Information - The meeting was conducted virtually, and technical support was available for attendees [1][4]. - The company elected two directors, Samuel Katz and Marshall Brozost, for a three-year term, which reflects ongoing governance and leadership continuity [9][10]. Q&A Session Summary - No questions were submitted during the Q&A session, and the meeting concluded without addressing any inquiries from stockholders [10].

MPLX (NYSE:MPLX) Q4 2025 Earnings call February 03, 2026 09:30 AM ET Company ParticipantsC. Kristopher Hagedorn - VP and ControllerGregory Floerke - EVP of OperationsKristina Kazarian - Head of Investor RelationsMaryann Mannen - President and CEOShawn Lyon - SVP of Logistics and StorageConference Call ParticipantsElvira Scotto - Managing Director, Senior Equity Research AnalystJohn Mackay - AnalystKeith Stanley - AnalystManav Gupta - AnalystOperatorWelcome to the MPLX fourth quarter 2025 earnings call. My n ...