Financial Data and Key Metrics Changes - Revenue for Q4 2025 was $5.3 billion, growing 3.8% year-over-year in constant currency, all organic [24] - Full-year revenue reached $21.1 billion, a 6.4% increase in constant currency, surpassing the $20 billion mark [5][24] - Adjusted Operating Margin for Q4 was 16%, improving by 30 basis points year-over-year, while full-year adjusted operating margin was 15.8%, exceeding guidance by 50 basis points [5][28] - Adjusted diluted EPS for Q4 was $1.35, up 12% year-over-year, leading to a full-year EPS of $5.28, an 11% increase from the prior year [29] Business Line Data and Key Metrics Changes - Financial Services segment led growth with constant currency revenue increasing 9% year-over-year in Q4 and 7% for the full year, marking the highest annual level since 2016 [4][24] - Health Sciences showed resilient performance despite industry cost pressures, with growth driven by cost savings and productivity improvements [25] - Digital Engineering practices experienced an 8% year-over-year growth in Q4 and full year, fueled by proprietary platforms [17] Market Data and Key Metrics Changes - North America was the standout region with over 4% year-over-year growth in constant currency, primarily driven by financial services and healthcare [26] - Europe grew 2% in constant currency, with healthy growth in financial services and life sciences [26] - The Rest of World segment grew in line with the total company, driven by the Middle East [26] Company Strategy and Development Direction - The company aims to bridge the AI velocity gap, focusing on converting AI technology into measurable returns for clients [9] - A three-vector strategy is being implemented to capture demand, including applying AI-led productivity to traditional software cycles and building new cycles of agentic capital [10][11] - The company is committed to maintaining its position in the industry's winner's circle and aims to lead as an AI builder [20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in sustaining growth in 2026, supported by a strong pipeline of large deals and a focus on AI-driven productivity [23][50] - The operating environment remains complex, but the company views it as an opportunity to capture wallet share in large deals [24] - Management highlighted the importance of reinvention and reimagination of processes to leverage new technologies effectively [39] Other Important Information - The company returned $2 billion to shareholders through dividends and share repurchases [8] - The acquisition of 3Cloud was completed, adding over 1,200 Azure specialists to enhance capabilities in Azure data and AI [8] - The company is targeting 2,000 campus hires in the U.S. and approximately 20,000 in India for 2026 [17] Q&A Session Summary Question: Insights on AI's impact and revenue from package implementation - Management noted that new technology creates more opportunities rather than replacing old ones, emphasizing the need for process reinvention to realize value [38][39] Question: Gross margin dynamics for 2026 - Management indicated that Q4's gross margin decline was primarily due to higher variable compensation, but they expect to maintain productivity and manage costs effectively [43][45] Question: Confidence in large deal growth for 2026 - Management expressed excitement about the strong bookings and pipeline for larger deals, indicating a solid ramp-up expected in 2026 [50][54] Question: Risks and opportunities of fixed-price contracts - Management explained that delivery risk primarily resides with the service provider, and they have a robust process to monitor deal performance, ensuring they meet budgeted goals [60][63] Question: Durability of BPO growth - Management sees BPO as a significant growth area, driven by the need for transformation and maintenance of processes enabled by AI [68][69] Question: Growth margins and regulatory pressures in Health Sciences - Management expressed confidence in the Health Sciences segment's growth, highlighting the company's strong position and the potential for transformation amid regulatory uncertainties [72][75]

CDW (NasdaqGS:CDW) Q4 2025 Earnings call February 04, 2026 08:30 AM ET Speaker2Hello, everyone, and thank you for joining the CDW fourth quarter 2025 earnings call. My name is Gabrielle, and I will be coordinating your call today. During the presentation, you can register a question by pressing Star followed by One on your telephone keypad. If you change your mind, please press Star followed by Two on your telephone keypad. Please kindly limit yourself to one question and one follow-up. If you have any furt ...

Financial Data and Key Metrics Changes - The company reported sequential revenue growth of 5% in Q4 2025, with adjusted EBITDA margins above 22% and free cash flow conversion of 76% [4][5][9] - Full year 2025 adjusted free cash flow totaled $466 million, representing a 43.7% conversion ratio, a significant improvement over 2024 [9][21] - The net leverage ratio improved to 0.42 times, down from 3.3 times at the beginning of 2021, reflecting a stronger balance sheet [21] Business Line Data and Key Metrics Changes - The Completions and Artificial Lift segments were the largest contributors to top-line growth, with Completions becoming the largest product line due to technology advancements [6][7] - The company experienced a decline of over 50% in revenues from Mexico for the full year 2025, but signs of stabilization were noted [5][6] - The Middle East, North Africa, and Asia region delivered 4% sequential growth, driven by strong performance in Kuwait, Oman, the UAE, and Indonesia [5] Market Data and Key Metrics Changes - Latin America saw a 16% sequential growth, primarily driven by increased activity in Mexico and Brazil [5] - North America experienced modest growth, supported by higher Canadian activity, while US land activity declined [5] - The Europe, Sub-Sahara Africa, and Russia region declined by 2% sequentially, continuing to show softness [5] Company Strategy and Development Direction - The company plans to focus on cost control and productivity improvements in the first half of 2026, with expectations of increased customer spending in the second half [11][12] - The company is optimistic about a stronger outlook for 2027, anticipating year-on-year growth in activity levels [14][29] - Strategic initiatives include enhancing operational efficiency through digital platforms and artificial intelligence, as well as focusing on lower capital intensity businesses [27][28] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding payment streams in Mexico, with improved collection mechanisms in place [9][54] - The company is monitoring geopolitical conflicts and commodity price volatility, which may impact international activity levels in the first half of 2026 [12][13] - Management highlighted the potential reopening of the Venezuelan market, which could significantly benefit the company if stable governance and regulatory conditions are established [13][61] Other Important Information - The company returned $173 million to shareholders through dividends and share repurchases in 2025, with a commitment to return approximately 50% of adjusted free cash flow over the cycle [20][21] - Capital expenditures for 2026 are expected to be between $190 million and $230 million, with a focus on IT-related spending for ERP systems [19][88] Q&A Session Summary Question: Outlook for Saudi Arabia - Management is hopeful for a healthy recovery in Saudi Arabia in the second half of 2026 as rigs come online, emphasizing the importance of technology development [32][34] Question: Broader Middle East and North Africa Market - The region remains strong, with continued momentum in the UAE and Kuwait, although some variability is expected in other countries like Qatar [40][42] Question: Mexico's Business Trends - Management noted three consecutive quarters of sequential improvements in Mexico, with expectations for slight growth year-on-year in 2026 [50][52] Question: Venezuela Market Potential - Management clarified that no uptick from Venezuela is included in current guidance, but there is potential for significant revenue if conditions stabilize [60][61] Question: Offshore Activity Outlook - Management expressed excitement about improvements in offshore deepwater activity, particularly in completions and managed pressure drilling [67][69] Question: North America Activity Outlook - Management indicated that North America is expected to see mid- to high-single-digit declines in activity, but the focus will be on maintaining margins through innovation [72][76] Question: First Quarter Guidance - Management explained that the first quarter guidance reflects typical seasonality and some orders pulled into Q4, with expectations for a ramp-up in the second half of 2026 [80][82]

GE HealthCare Technologies (NasdaqGS:GEHC) Q4 2025 Earnings call February 04, 2026 08:30 AM ET Speaker2Please know that today's conference is being recorded. I will now turn the call over to your speaker host for today, Carolyn Borders. Please go ahead.Speaker0Thanks, operator. Good morning, and welcome to GE HealthCare's fourth quarter and full year 2025 earnings call. I'm joined by our President and CEO, Peter Arduini, and Vice President and CFO, Jay Saccaro. Our conference call remarks will include both ...

Financial Data and Key Metrics Changes - Total revenues for the second quarter reached $5.18 billion, a 2% increase from the prior year quarter [14] - Adjusted EBITDA was $692 million, down from $781 million in the prior year quarter, due to higher expenses [15] - Net income attributable to stockholders was $229 million or $0.52 per share, compared to $373 million or $0.81 per share in the prior year [15] Business Line Data and Key Metrics Changes - Cable segment revenues were $2.28 billion with an Adjusted EBITDA of $687 million, both representing a 5% growth year-over-year [16] - Television segment reported revenues of $2.94 billion, with advertising revenues unchanged due to the absence of last year's political advertising [17] - Distribution revenue grew 4% during the quarter, with subscriber declines improving sequentially [6] Market Data and Key Metrics Changes - Advertising revenue grew 1% despite tough comparisons to last year's political cycle, driven by strong linear pricing and robust revenue growth at Tubi [14] - FOX News Digital saw a 170% increase in social media views over the prior year, indicating strong audience engagement [9] - Tubi achieved its most streamed quarter ever, with total view time growing 27% year-over-year [11] Company Strategy and Development Direction - The company emphasizes a strategy focused on live sports and news, alongside the growth of Tubi and FOX One, to reinforce its leadership position [12] - FOX One is positioned as a premier destination for live sports and news streaming, with targeted marketing to cord-cutters [6] - The company is committed to maintaining a strong balance sheet and delivering sustained growth and shareholder value through share buybacks and dividends [19][20] Management's Comments on Operating Environment and Future Outlook - Management noted a robust advertising market and expects continued strength in political advertising as the midterm elections approach [25] - The company anticipates profitability from the upcoming FIFA Men's World Cup, driven by strong advertiser interest [26] - Management expressed confidence in the strategic direction and the ability to connect with audiences across various platforms [12] Other Important Information - The company repurchased an additional $1.8 billion in shares, bringing the total repurchased to $8.4 billion since the buyback program began [19] - A semiannual dividend of $0.28 per share was announced, contributing to a total cumulative cash return to shareholders of approximately $10.4 billion [19] Q&A Session Questions and Answers Question: Can you discuss cable advertising performance and expectations for the political cycle? - The advertising market for Fox News has been robust, with 200 new advertisers added this half, reflecting strong demand [24] - The company expects to benefit from a robust political advertising cycle, particularly at local stations [25] Question: How does the company plan to offset increased costs associated with the NFL? - The company is confident in its ability to offset costs by balancing its sports portfolio and leveraging its strong content [30] Question: What is the performance of FOX One and its impact on the P&L? - FOX One has exceeded expectations, with a significant portion of its audience being sports fans, and the platform's costs are recorded in the corporate segment [38][40] Question: Can you elaborate on the improvement in subscriber declines and the drivers behind it? - The subscriber decline improved to 6.3%, driven by the emergence of skinny bundles in the cable universe [45] - The company is optimistic about the impact of skinny bundles on subscriber retention [46] Question: What are the growth drivers for Tubi's advertising revenue? - Tubi's revenue growth of 19% was driven by a 27% increase in total view time and strong advertiser demand [48]

Unifi (NYSE:UFI) Q2 2026 Earnings call February 04, 2026 08:30 AM ET Speaker4Good morning and thank you for attending Unifi's second quarter fiscal 2026 earnings conference call. During this call, management will be referencing a webcast presentation that can be found in the investor relations section of unifi.com. Please familiarize yourself with page 2 of the slide deck for cautionary statements and Non-GAAP measures. Today's conference is being recorded, and all lines have been placed on mute to prevent ...

Flex (NasdaqGS:FLEX) Q3 2026 Earnings call February 04, 2026 08:30 AM ET Speaker2As a reminder, this call is being recorded. I will now turn the call over to Mrs. Michelle Simmons. You may begin.Speaker1Thank you, Rob. Good morning, and thank you for joining us today for Flex's third quarter fiscal 2026 earnings conference call. With me today is our Chief Executive Officer, Revathi Advaithi, and Chief Financial Officer, Kevin Crum. We'll give brief remarks followed by Q&A. Slides for today's call, as well a ...

Financial Data and Key Metrics Changes - Orders increased nearly 40%, building on a strong 16% growth from the previous year [5][21] - Revenue grew by 6%, with adjusted EBIT margins expanding by 190 basis points to 12.4% [5][20] - Adjusted EPS rose nearly 40%, exceeding guidance [5][21] - Record backlog increased by 20% to $18 billion, indicating strong demand visibility [20][24] Business Line Data and Key Metrics Changes - Organic revenue growth was led by service, which grew 9% year-over-year [23] - In the Americas, sales were up 6% organically, with solid double-digit growth in service [23] - EMEA grew 4%, driven by high single-digit growth in service [23] - APAC delivered 8% growth, led by strong system performance and steady demand in service [23] Market Data and Key Metrics Changes - The Americas segment saw a 56% growth, primarily from large-scale data center projects [21] - EMEA experienced an 8% growth, with balanced high single-digit growth in both service and system [21] - APAC orders increased by 10%, driven by double-digit growth in systems and high single-digit growth in service [21] Company Strategy and Development Direction - The company is focusing on energy efficiency and decarbonization, particularly in data centers and advanced manufacturing [7][11] - A proprietary business system is being deployed to enhance operational efficiency and align goals across the organization [6][13] - The strategy emphasizes innovation in technology and service-based solutions to meet customer needs [12][18] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strong start to the year and raised full-year guidance due to positive momentum [5][26] - The operating environment remains challenging, but the company is well-positioned to deliver on its commitments [20][25] - Management highlighted the importance of operational discipline and the ability to respond to customer needs quickly [74][107] Other Important Information - The company is investing in R&D to support future growth while maintaining cost control [92][93] - There is a focus on improving gross margins and reducing SG&A costs through operational efficiencies [89][90] Q&A Session Summary Question: Order strength and duration - Management confirmed record orders and highlighted strong demand not only from data centers but also from life sciences [28][30] Question: Backlog and organic growth - Management indicated that while backlog is strong, not all orders are shippable within the next nine months, affecting organic growth projections [32][33] Question: Market evolution and order growth - Management noted broad-based growth across different applications in the data center market and emphasized the importance of thermal management for life sciences [36][38] Question: North America margin trends - Management acknowledged a slight headwind in North America margins but expressed confidence in future improvements [50][51] Question: Data center lead times - Management reported good progress on lead times and emphasized the importance of reliable delivery for competitive advantage [72][74] Question: BMS growth and opportunities - Management characterized BMS growth as solid and highlighted the alignment with mission-critical solutions [78] Question: New product development and market readiness - Management discussed ongoing collaboration with customers to innovate and prepare for future market needs [81][82] Question: Portfolio review and strategic moves - Management confirmed ongoing strategic review of the portfolio to enhance shareholder value [85][87]

Silgan (NYSE:SLGN) Q4 2025 Earnings call February 04, 2026 08:30 AM ET Speaker11Good day, and welcome to the Silgan Holdings fourth quarter 2025 earnings call. Today's conference is being recorded. At this time, I'd like to turn the conference over to Alex Hutter, Senior Vice President, Strategy and Investor Relations. Please go ahead.Speaker1Thank you, and good morning. Joining me on the call today are Adam Greenlee, President and CEO, Philippe Chevrier, EVP and COO, Sean Fabry, EVP and CFO, and Bob Lewis, ...

Chubb (NYSE:CB) Q4 2025 Earnings call February 04, 2026 08:30 AM ET Speaker1Oh, now let's turn the conference over to Susan Spivak, Senior Vice President, Investor Relations. You may begin.Speaker2Thank you, and welcome to our December 31st, 2025, fourth quarter and year-end earnings conference call. Our report today will contain forward-looking statements, including statements relating to company performance, pricing and business mix, growth opportunities, and economic and market conditions, which are subj ...