Banco Santander (Brasil) (NYSE:BSBR) Q4 2025 Earnings call February 04, 2026 08:00 AM ET Company ParticipantsCamila Toledo - Head of Investor RelationsGustavo Alejo Viviani - CFOMario Roberto Opice Leão - CEOMatheus Guimarães - Equity Research AnalsytYuri Fernandes - Equity Research AnalsytConference Call ParticipantsBrian Flores - Equity Research AnalystCarlos Gomez - Senior Equity Research AnalystDaniel Vaz - Lead Research AnalystEduardo Nishio - Senior Equity AnalystEduardo Rosman - Senior AnalystMarcelo ...

Boston Scientific (NYSE:BSX) Q4 2025 Earnings call February 04, 2026 08:00 AM ET Company ParticipantsDavid Roman - Managing DirectorFrederick Wise - Managing DirectorJonathan Monson - CFOKenneth Stein - CMOLauren Tengler - Head of Investor RelationsMichael Mahoney - CEOPatrick Wood - Managing DirectorTravis Steed - Managing DirectorConference Call ParticipantsChris Pasquale with Nephron Research - Partner & Senior AnalystDanielle Antalffy - Senior AnalystJoanne Lynch - AnalystJoshua Jennings - Managing Dire ...

Boston Scientific (NYSE:BSX) Q4 2025 Earnings call February 04, 2026 08:00 AM ET Company ParticipantsDavid Roman - Managing DirectorFrederick Wise - Managing DirectorJonathan Monson - CFOKenneth Stein - CMOLauren Tengler - Head of Investor RelationsMichael Mahoney - CEOPatrick Wood - Managing DirectorTravis Steed - Managing DirectorConference Call ParticipantsChris Pasquale with Nephron Research - Partner & Senior AnalystDanielle Antalffy - Senior AnalystJoanne Lynch - AnalystJoshua Jennings - Managing Dire ...

Bunge Global (NYSE:BG) Q4 2025 Earnings call February 04, 2026 08:00 AM ET Company ParticipantsBen Theurer - Managing DirectorDerrick Whitfield - Managing DirectorGreg Heckman - CEOHeather Jones - FounderJohn Neppl - CFOManav Gupta - Executive DirectorMark Haden - Head of Investor RelationsMatthew Blair - Managing DirectorSteven Haynes - VP of Equity ResearchConference Call ParticipantsAndrew Strelzik - Senior AnalystPooran Sharma - Managing Director and Equity Research AnalystSalvatore Tiano - Equity Resea ...

Financial Data and Key Metrics Changes - The company closed 2025 with $1.78 trillion in assets under management, an increase of over 10% from the start of the year, despite experiencing $56.9 billion in net outflows [4][16] - Adjusted diluted earnings per share for Q4 2025 was $2.44, bringing full-year adjusted diluted EPS to $9.72, which is up 4.2% from 2024 [16] - Q4 adjusted net revenue was $1.9 billion, raising full-year adjusted net revenue to nearly $7.4 billion, an increase of 2.8% from 2024 [18] Business Line Data and Key Metrics Changes - Net outflows were concentrated in the equity and mutual fund business, with $75 billion of net outflows from equity and almost $64 billion from mutual funds in 2025 [5][16] - Fixed income and alternatives had positive net flows for the quarter, with fixed income delivering eight consecutive quarters of positive net flows [17] - The target date franchise ended the year with net inflows of $5.2 billion, while the ETF business had $1.8 billion in net inflows during Q4 [17] Market Data and Key Metrics Changes - The company noted a narrowing market dominated by a handful of mega-cap stocks, with riskier names outperforming quality and value [4] - The company experienced elevated redemptions from its legacy equity and mutual fund business, but strong equity market returns offset the net outflows [16] - The company maintained its position as an industry leader in active target date solutions, surpassing $560 billion in assets under management across a diverse suite of solutions [10] Company Strategy and Development Direction - The company established a strategic collaboration with Goldman Sachs to pursue opportunities in wealth and retirement through co-developed public-private offerings [9] - The company is focused on integrating digital capabilities and enhancing its strategic vision through organizational changes [13][14] - The company is investing in growth areas such as ETFs, SMAs, and alternatives, while maintaining a strong cash position for potential acquisitions [22][23] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's plan and people, noting improvements in investment performance across several key strategies [7] - The company anticipates continued pressure in equity flows, but expects to offset this with inflows in target-date funds and growth in fixed income and alternatives [45] - Management highlighted the importance of equity market returns on operating margins and the need to balance investments for long-term success [26][27] Other Important Information - The company returned nearly $1.8 billion of cash to stockholders and extended its regular dividend for the 39th consecutive year [6][23] - The company launched 13 ETFs in 2025, bringing its total to 30, with assets under management growing to over $21 billion [11] Q&A Session Summary Question: Operating perspective for 2026 and margin outlook - Management indicated that equity market returns are the biggest factor affecting operating margins and that a portion of expenses is variable [25][26] Question: Tokenization and blockchain experimentation - The company is investing in digitization capabilities and exploring efficiency, product, and distribution opportunities related to tokenization [32][33] Question: Migration of privates into the 401(k) channel - Management noted that the investment case for including private market alternatives in defined contribution solutions is strong, but there is mixed sentiment among plan sponsors [36][37] Question: Target date business outlook - Management acknowledged softer flows in Q4, driven by equities, but noted that the blend category is growing faster than passive, which could help mitigate headwinds [41][43] Question: AI disruption exposure - Management stated that the company has been studying AI disruption risks and opportunities, and is positioned to adapt to changing market environments [49][52]

Enact (NasdaqGS:ACT) Q4 2025 Earnings call February 04, 2026 08:00 AM ET Company ParticipantsBose George - Managing DirexctorDaniel Kohl - Head of Investor RelationsDean Mitchell - CFORohit Gupta - CEOConference Call ParticipantsDouglas Harter - Director and Equity AnalystMihir Bhatia - Stock Analyst and Equity ResearchRichard Shane - AnalystOperatorHello, and thank you for standing by. Welcome to Enact Fourth Quarter 2025 earnings conference call. At this time, all participants are in a listen-only mode. A ...

Reynolds Consumer Products (NasdaqGS:REYN) Q4 2025 Earnings call February 04, 2026 08:00 AM ET Company ParticipantsAndrea Teixeira - Managing DirectorJill Koval - Director of Investor RelationsKaumil Gajrawala - Managing DirectorNathan Lowe - CFORob Ottenstein - Senior Managing DirectorScott Huckins - President and CEOConference Call ParticipantsBrian McNamara - Managing Director and Senior AnalystLauren Lieberman - Managing Director and Senior U.S. Equity Research AnalystPeter Grom - Senior Equity Research ...

Bunge Global (NYSE:BG) Q4 2025 Earnings call February 04, 2026 08:00 AM ET Company ParticipantsBen Theurer - Managing DirectorDerrick Whitfield - Managing DirectorGreg Heckman - CEOHeather Jones - FounderJohn Neppl - CFOManav Gupta - Executive DirectorMark Haden - Head of Investor RelationsMatthew Blair - Managing DirectorSteven Haynes - VP of Equity ResearchConference Call ParticipantsAndrew Strelzik - Senior AnalystPooran Sharma - Managing Director and Equity Research AnalystSalvatore Tiano - Equity Resea ...

Aurora Cannabis (NasdaqCM:ACB) Q3 2026 Earnings call February 04, 2026 08:00 AM ET Company ParticipantsBrenna Cunnington - Equity Research AssociateDerek Lessard - Director of Equity ResearchKenric Tyghe - Director of Equity Research of Special SituationsKevin Niland - Director of Strategic Finance and Head of Investor RelationsMiguel Martin - Executive Chairman and CEOPablo Zuanic - Founder and Managing PartnerSimona King - CFOConference Call ParticipantsBill Kirk - Managing Director and Senior Research An ...

Uber Technologies (NYSE:UBER) Q4 2025 Earnings call February 04, 2026 08:00 AM ET Company ParticipantsAlix Anfang - Head of Investor RelationsBalaji Krishnamurthy - Incoming CFODara Khosrowshahi - CEOPrashanth Mahendra-Rajah - CFOConference Call ParticipantsBrian Nowak - AnalystDoug Anmuth - AnalystEric Sheridan - AnalystJustin Post - AnalystMark Mahaney - AnalystMichael Nathanson - AnalystOperatorI'd like to welcome everyone to today's Uber Q4 and full year 2025 earnings conference call. All lines have bee ...