CME Group (NasdaqGS:CME) Q4 2025 Earnings call February 04, 2026 08:30 AM ET Company ParticipantsAdam Minick - Head of Investor RelationsAshish Sabadra - Managing DirectorBenjamin Budish - DirectorBrian Bedell - DirectorCraig Siegenthaler - Managing DirectorDan Fannon - Managing DirectorDerek Sammann - Global Head of Commodities, Options, and International MarketsJulie Winkler - Chief Commercial OfficerLynne Fitzpatrick - CFOMichael Cyprys - Managing DirectorSunil Cutinho - President of CME ClearingTerry Du ...

Gladstone Investment (NasdaqGS:GAIN) Q3 2026 Earnings call February 04, 2026 08:30 AM ET Company ParticipantsCatherine Gerkis - Director of Investor Relations and ESGChristopher Nolan - SVPDavid Dullum - PresidentDavid Gladstone - Chairman and CEOMickey Schleien - Managing Director of Equity ResearchTaylor Ritchie - CFOConference Call ParticipantsNone - AnalystOperatorAs a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Mr. David Gladstone, Chief Executive Officer. ...

Financial Data and Key Metrics Changes - For Q4 2025, the company reported net sales of $5.5 billion, an increase of 5% year-over-year, and gross profit of $1.25 billion, up 9% [5][6] - Full-year 2025 results showed net sales of over $22 billion, up 7%, with gross profit nearly $5 billion, up 6% [8][9] - Non-GAAP operating income for Q4 was $503 million, up 1%, and non-GAAP net income per share was $2.57, up 4% [6][21] - Full-year non-GAAP net income per diluted share reached $10.02, up 5% [8][27] Business Line Data and Key Metrics Changes - Strong double-digit growth was observed in software, cloud, and professional managed services, contributing to the highest gross margin of the year [6][12] - Corporate sales were relatively flat, down 1%, while small business sales grew by 18% [10][11] - The healthcare segment increased by 5%, and education saw a 13% increase in top line [11][12] Market Data and Key Metrics Changes - U.K. and Canadian operations delivered sales of $2.7 billion in 2025, with strong performance in small business and state and local markets [10] - The public sector showed growth in healthcare and government, with state and local growth offsetting declines in federal due to the government shutdown [11][12] Company Strategy and Development Direction - The company aims to deliver sustainable, profitable growth by deepening customer value and deploying capital with discipline [19][32] - A focus on AI solutions is evident, with the company positioning itself to lead in the AI era through its full stack, full lifecycle offerings [15][16] - The company plans to maintain a target of returning 50%-75% of adjusted free cash flow to shareholders through dividends and share repurchases [31][32] Management's Comments on Operating Environment and Future Outlook - Management noted that the IT addressable market is expected to grow in the low single digits in 2026, with CDW targeting 200-300 basis points of outperformance [18][35] - The company anticipates gross profit growth in the low single digits for 2026, with a slight increase in gross margin compared to 2025 [36][37] - Management expressed optimism about AI adoption among customers and its potential to drive growth [56][57] Other Important Information - The company reported adjusted free cash flow of $1.09 billion for the full year, representing 82% of non-GAAP net income [30] - The company has made a tuck-in acquisition to enhance capabilities in the education sector [31][32] Q&A Session Summary Question: Impact of memory price changes on demand - Management indicated that there is uncertainty regarding the impact of memory prices on demand, but they expect a similar pull forward in Q1 as seen in Q4 [40][41] Question: SG&A expenses and operating leverage - Management acknowledged that SG&A expenses are expected to show operating leverage in 2026, with a focus on optimizing costs [43][45] Question: IT budget allocation for 2026 - Management expects client device growth to remain strong, with cloud, SaaS, and security categories continuing to be important [59][60] Question: Corporate versus small business performance - Management noted differences in spending cycles, with small businesses being more agile in adopting AI compared to larger corporations [70][72]

BrightView (NYSE:BV) Q1 2026 Earnings call February 04, 2026 08:30 AM ET Company ParticipantsBob Labick - PresidentBrett Urban - CFOChris Stoczko - VP of Finance and Investor RelationsDale Asplund - President and CEOJeffrey Stevenson - VPConference Call ParticipantsAndrew Whittmann - Senior Research AnalystGreg Palm - Senior Research AnalystGreg Parrish - AnalystStephanie Moore - Equity AnalystTim Mulrooney - AnalystOperatorGood day, everyone, and welcome to today's BrightView earnings call. At this time, a ...

Silgan (NYSE:SLGN) Q4 2025 Earnings call February 04, 2026 08:30 AM ET Company ParticipantsAdam Greenlee - CEOAlex Hutter - SVP Strategy and Investor RelationsDaniel Rizzo - Senior VPGeorge Staphos - Managing DirectorMatt Roberts - VPSean Fabry - CFOConference Call ParticipantsAnojja Shah - Equity Research AnalystAnthony Pettinari - Research AnalystArun Viswanathan - Senior Equity AnalystGabe Hajde - Equity Research AnalystGhansham Panjabi - Senior Research AnalystMike Roxland - Managing Director and Equity ...

Veralto (NYSE:VLTO) Q4 2025 Earnings call February 04, 2026 08:30 AM ET Company ParticipantsAndy Kaplowitz - Managing DirectorBrad Hewitt - VP of Equity ResearchDeane Dray - Managing DirectorJacob Levinson - Director of Multi-Industry ResearchJennifer Honeycutt - President and CEOJohn McNulty - Managing DirectorNathan Jones - Managing DirectorRyan Taylor - VP of Investor RelationsSameer Ralhan - SVP and CFOConference Call ParticipantsRyan Connors - Managing Director and Research AnalystWilliam Griffin - Man ...

Financial Data and Key Metrics Changes - Equifax reported revenue of $6.075 billion for 2025, reflecting a 7% increase on both reported and organic constant currency bases, aligning with the long-term growth framework of 7%-10% [7][8] - EPS for 2025 was $7.65 per share, with free cash flow reaching $1.13 billion, representing a 120% cash conversion rate, significantly above the long-term target of 95% [7][14] - The company incurred a $30 million charge related to a settlement, which is expected to be reimbursed by insurers [4][5] Business Line Data and Key Metrics Changes - The Workforce Solutions (EWS) segment achieved 6% revenue growth with EBITDA margins of 51.5%, while the US Information Solutions (USIS) segment saw a 10% revenue increase and expanded margins by 70 basis points to 35.2% [8][9] - Diversified markets revenue grew by 5%, marking the highest organic growth in the non-mortgage space since 2021, while mortgage revenue surged by 22% [9][10] - International revenue grew by 6% in constant dollars, with significant contributions from Brazil and Australia, despite challenges in Canada and the UK [9][10] Market Data and Key Metrics Changes - The US mortgage market declined by 7%, impacting Equifax's revenue growth by approximately 100 basis points [8] - USIS mortgage revenue represented about 20% of total revenue, with hard credit inquiries down by 1%, better than previous expectations [16] - The company anticipates continued share gains in the mortgage sector, particularly with the adoption of new products like the Twin Indicator [26][44] Company Strategy and Development Direction - Equifax is focusing on driving new product innovation, leveraging AI capabilities, and enhancing cloud infrastructure to support long-term growth [10][12] - The company aims to maintain a strong return of capital to shareholders, with plans for significant share repurchases and dividends in 2026 [15][66] - The strategic priorities for 2028 emphasize the acceleration of AI usage to improve operational efficiencies and product offerings [64][66] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the strong finish to 2025, setting a positive tone for 2026, with expectations for continued revenue growth and margin expansion [7][63] - The company anticipates challenges in the mortgage market but expects to outperform the market through innovative product offerings and strategic partnerships [41][52] - Management highlighted the importance of proprietary data and AI in driving competitive advantages and enhancing customer solutions [29][30] Other Important Information - Equifax launched a new continuous evaluation solution for SNAP, aimed at reducing error rates in social service delivery, which is expected to drive future growth [24][25] - The company has secured over 400 AI patents, enhancing its capabilities in developing advanced analytical solutions [12][31] Q&A Session Summary Question: What are the expectations for the mortgage market in 2026? - Management expects the US mortgage market to decline by low single digits, but anticipates share gains through the introduction of new products like the Twin Indicator [41][44] Question: How is Equifax positioned in terms of AI and proprietary data? - Equifax is leveraging its proprietary data and AI capabilities to develop unique solutions that drive growth and mitigate risk, with 90% of revenue generated from proprietary datasets [29][30] Question: What is the outlook for free cash flow and shareholder returns? - The company expects to generate over $1 billion in free cash flow in 2026, with plans for substantial shareholder returns through dividends and share repurchases [55][66]

Johnson Controls International (NYSE:JCI) Q1 2026 Earnings call February 04, 2026 08:30 AM ET Company ParticipantsJoakim Weidemanis - CEOMarc Vandiepenbeeck - EVP and CFOMike Gates - Senior Director of Investor RelationsConference Call ParticipantsAmit Mehrotra - AnalystAndrew Obin - AnalystAndy Kaplowitz - AnalystChris Snyder - AnalystJeff Sprague - AnalystJoe O'Dea - AnalystJoe Ritchie - AnalystJulian Mitchell - AnalystNigel Coe - AnalystScott Davis - AnalystSteve Tusa - AnalystOperatorWe'll now hand the ...

BrightView (NYSE:BV) Q1 2026 Earnings call February 04, 2026 08:30 AM ET Company ParticipantsChris Stoczko - VP of Finance and Investor RelationsDale Asplund - President and CEOOperatorGood day, everyone, and welcome to today's BrightView earnings call. At this time, all participants are in the listen-only mode. Later, you will have the opportunity to ask questions during the question-and-answer session. You may register to ask a question at any time by pressing the star and one on your telephone keypad. Yo ...

CME Group (NasdaqGS:CME) Q4 2025 Earnings call February 04, 2026 08:30 AM ET Company ParticipantsAdam Minick - Head of Investor RelationsAshish Sabadra - Managing DirectorBenjamin Budish - DirectorBrian Bedell - DirectorCraig Siegenthaler - Managing DirectorDan Fannon - Managing DirectorDerek Sammann - Global Head of Commodities, Options, and International MarketsJulie Winkler - Chief Commercial OfficerLynne Fitzpatrick - CFOMichael Cyprys - Managing DirectorSunil Cutinho - President of CME ClearingTerry Du ...