Financial Data and Key Metrics Changes - Total revenue for Q1 2026 was $5.3 billion, reflecting a 0.4% increase year-on-year, with new BD growing by 2.5% [4][15] - Adjusted gross margin was 53.4%, down 140 basis points from the previous year, primarily due to tariffs [17] - Adjusted EPS was $2.91, a decrease of 15.2% year-on-year, driven mainly by the impact of tariffs [17][20] - Free cash flow for the quarter was $548 million, with a conversion rate of 66%, up from 59% in the prior year [18] Business Line Data and Key Metrics Changes - Medical Essentials saw mixed performance, with expected order timing dynamics affecting MDS, but continued share gains in the US vascular access management portfolio [15] - Connected Care delivered mid-single-digit growth, led by APM with high single-digit growth [15] - Biopharma Systems grew low single digits, with double-digit growth in biologics, particularly GLP-1s, offset by lower vaccine demand [16] - Interventional business experienced solid mid-single-digit growth, driven by high single-digit growth in UCC and double-digit growth in PureWick [16] Market Data and Key Metrics Changes - Growth was pressured by market dynamics in China, particularly in the life sciences segment, which declined due to headwinds in US point-of-care and difficult comparisons from the prior year [17] - The company expects the value-based procurement (VBP) in China to impact 80% of its portfolio by the end of 2026, with a projected headwind of about 250 basis points for the full year [36] Company Strategy and Development Direction - The company is focused on a balanced capital allocation strategy, prioritizing share repurchases and tuck-in M&A in high-growth markets [6][73] - The transformation into a pure-play med tech company is supported by divesting non-core assets and enhancing its portfolio through strategic acquisitions [7] - The company identified three key trends shaping healthcare: the rise of smart devices, the shift towards lower-cost care settings, and the growth in technologies addressing chronic diseases [7] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the trajectory of the business, maintaining a prudent approach to guidance for fiscal 2026, expecting low single-digit revenue growth [20] - The company anticipates that pricing dynamics will improve as VBP in China abates, potentially leading to positive pricing in the future [85] - Management highlighted strong execution in commercial initiatives and a robust innovation pipeline, which are expected to drive future growth [9][68] Other Important Information - The company completed a significant transaction with Waters, receiving a $4 billion cash distribution, with plans to allocate $2 billion for share repurchases and $2 billion for debt paydown [6][19] - The company has reduced its manufacturing network by nearly half, which is expected to lower costs and improve operational efficiency [13][50] Q&A Session Summary Question: Guidance for Q2 revenue and EPS - Management confirmed that Q2 guidance reflects modest timing benefits and remains aligned with Q1 performance, with no fundamental changes expected [23][44] Question: Structural changes affecting mid-single-digit growth - Management reassured that the fundamentals across the majority of the portfolio remain strong, with continued investment in high-growth areas [28] Question: Impact of Alaris and vaccines in China - Management indicated that Alaris is expected to improve in 2027, while vaccine impacts are anticipated to lessen over time [36][71] Question: Pricing environment and innovation impact - Management noted a stable pricing environment with slight positive trends expected, particularly as new product innovations are introduced [84][85]

Financial Data and Key Metrics Changes - In Q4 2025, NOI increased by 16% sequentially and almost 60% year-over-year, driven by acquisitions and organic growth [12] - The lease rate remained unchanged at 96.7%, with occupancy up 20 basis points [13] - Full-year same-property NOI growth was 3.3%, with Q4 growth at 1.5% despite a 50 basis point headwind from uncollectible revenue [13][14] - The company forecasts FFO guidance for 2026 in the range of $1.17 to $1.21 per share, representing a 12% year-over-year growth [14][15] Business Line Data and Key Metrics Changes - The company signed over 400,000 sq ft of new leases and renewals in 2025, with new lease spreads averaging 20% and renewal spreads just under 10% [5] - Capital expenditures were just 7% of NOI for the full year, indicating high capital efficiency [5][14] Market Data and Key Metrics Changes - The total U.S. market for convenience retail assets is 950 million sq ft, significantly larger than the company's current portfolio of almost 5 million sq ft [6] - The company has built a significant network of relationships with sellers and brokers, which is crucial for growth in a fragmented market [7] Company Strategy and Development Direction - The company focuses on acquiring top-tier convenience retail assets, leveraging a first-mover advantage in the public market [4] - The strategy emphasizes simple, flexible buildings that align with consumer behavior, catering to daily errands rather than destination shopping [9] - The company aims for double-digit cash flow growth, supported by a strong balance sheet and operational efficiency [11] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the growth opportunities in the convenience sector, citing a significant addressable investment market [5] - The company anticipates continued strong demand for its properties, with expectations for same-property NOI growth of 3% in 2026 [15][27] - Management noted that the business plan has been accelerated due to better-than-expected operational performance and a strong acquisition pipeline [78] Other Important Information - The company ended the year with a leverage ratio of less than 20%, providing substantial liquidity for future acquisitions [19] - The company has raised a total of $600 million in debt capital since its formation, with a weighted average interest rate of approximately 5% [18] Q&A Session Summary Question: Can you talk about the acquisition pipeline and cap rates? - Management indicated that cap rates have remained just north of 6%, with a range from mid-5s to high 6s depending on various factors [23][24] Question: Can you elaborate on same-store NOI and leasing spreads? - Management noted that leasing spreads are expected to return to low 20s, and same-property NOI guidance for 2026 is a wide range of 2%-4% [26][27][30] Question: Are there any operating synergies from having multiple properties in single markets? - Management acknowledged some operational synergies but emphasized that the high recovery rate of the asset class minimizes their impact on overall performance [36][37] Question: What is the thought process on incremental equity issuance versus building out the debt ladder? - Management highlighted a broad range of options for capital sources, emphasizing the importance of maintaining flexibility in funding strategies [54][55] Question: Can you discuss the recent disposition and future asset management activities? - Management confirmed that there are no planned dispositions for 2026, with the recent sale being a small, opportunistic decision [66][68]

Aeries Technology (NasdaqCM:AERT) Q3 2026 Earnings call February 09, 2026 08:00 AM ET Speaker2Today, and welcome to Aeries Technology third quarter and fiscal year 2026 earnings call. Joining us today on the call are Aeries Chief Executive Officer Ajay Khare and Chief Financial Officer Daniel Webb. The call will review the results for the quarter ended December 31st, 2025, and outline strategic priorities that are shaping the next stage of our growth. Before we begin, please note that today's discussion con ...

Edgewell Personal Care Company (NYSE:EPC) Q1 2026 Earnings call February 09, 2026 08:00 AM ET Speaker5Please note, this event is being recorded. I would now like to turn the conference over to Chris Goff, Vice President, Investor Relations. Please go ahead.Speaker1Good morning, everyone, and thank you for joining us this morning for Edgewell's first quarter fiscal year 2026 earnings call. With me this morning are Rod Little, our President and Chief Executive Officer, and Fran Weissman, our Chief Financial O ...

The Hain Celestial Group (NasdaqGS:HAIN) Q2 2026 Earnings call February 09, 2026 08:00 AM ET Speaker9Thank you for standing by. My name is Jeanie, and I will be your conference operator today. At this time, I would like to welcome everyone to Hain Celestial Fiscal Second Quarter Earnings Call. All lines have been placed on mute to prevent any background noise. After speaker's remarks, there will be a question-and-answer session. We do ask, for today's call, you limit yourself to one question and one follow- ...

Financial Data and Key Metrics Changes - Dynatrace achieved a total revenue of $515 million in Q3 2026, with subscription revenue at $493 million, both reflecting a 16% year-over-year growth and exceeding guidance by 150 basis points [22][24] - The company reported an annual recurring revenue (ARR) of $1.97 billion, representing a 16% growth, marking three consecutive quarters of stabilization in ARR growth [19][24] - Non-GAAP operating margin was 30%, surpassing guidance by nearly 100 basis points, while non-GAAP net income reached $135 million, or $0.44 per diluted share, exceeding guidance by $0.02 [23][24] Business Line Data and Key Metrics Changes - The log management product category is the fastest-growing segment, surpassing $100 million in annualized consumption, with growth exceeding 100% year-over-year [22][24] - The average ARR per new logo was over $160,000, with the average land size in Q3 exceeding $200,000, contributing to a new logo ARR growth of over 21% [20][21] - The gross retention rate remained in the mid-90s, while the net retention rate (NRR) was 111%, consistent with the previous two quarters [21][24] Market Data and Key Metrics Changes - The AI market is projected to grow from less than $200 billion in 2023 to nearly $5 trillion in the next seven years, with cloud and AI-native workloads experiencing unprecedented growth [6][8] - The demand for observability solutions is increasing as organizations face challenges related to data complexity and the need for reliable AI insights [8][14] Company Strategy and Development Direction - Dynatrace is focusing on enhancing its observability platform to support autonomous operations, integrating AI capabilities to deliver reliable outcomes [6][12] - The company is investing in partnerships with major hyperscalers and expanding its go-to-market strategy to capture the growing demand for observability solutions [15][16] - A new $1 billion share repurchase program has been authorized, reflecting confidence in the business and long-term growth opportunities [24][25] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the ongoing momentum in the business, driven by strong demand for observability and the successful execution of the go-to-market strategy [18][24] - The company raised its full-year guidance for ARR growth to a range of 15.5%-16%, expecting to surpass $2 billion in ARR [25][26] - Management highlighted the importance of end-to-end observability as foundational for AI-driven environments, emphasizing the need for reliable insights to support automation [30][39] Other Important Information - Dynatrace's third-generation platform is designed to handle the complexity of modern cloud and AI-native environments, enabling predictive capabilities and resilience [9][12] - The company is actively engaging with customers to consolidate fragmented tools, which is driving momentum in new logo acquisitions [30][44] Q&A Session Summary Question: Insights on automation and client engagement - Management noted strong momentum in end-to-end observability as clients seek to consolidate tools and improve outcomes [29] Question: Observability's evolution with AI - Management indicated that while there is apprehension about AI adoption, observability will become the control plane for enterprise AI, requiring deterministic insights before agentic actions can be taken [31] Question: Log monitoring consumption growth - Management confirmed that log consumption has exceeded $100 million, with significant growth expected to continue as it becomes embedded in end-to-end observability deals [32] Question: Confidence in net new ARR growth - Management expressed confidence in the robust pipeline and visibility for future growth, particularly in large deals [41] Question: Competitive landscape and AI's impact - Management acknowledged the competitive risks but emphasized Dynatrace's unique architectural advantages and the necessity of observability in AI environments [46][49]

Sohu.com (NasdaqGS:SOHU) Q4 2025 Earnings call February 09, 2026 07:30 AM ET Company ParticipantsAlicia Yap - Managing DirectorCharles Zhang - Chairman and CEODewen Chen - CEOJoanna Lv - CFOPu Huang - Director of Investor RelationsYaobin Wang - CFOConference Call ParticipantsThomas Chong - Stock AnalystOperatorLadies and gentlemen, thank you for standing by, and good evening. Thank you for joining Sohu's fourth quarter 2025 earnings conference call. At this time, all participants are in listen-only mode. Af ...

Sohu.com (NasdaqGS:SOHU) Q4 2025 Earnings call February 09, 2026 07:30 AM ET Company ParticipantsAlicia Yap - Managing DirectorCharles Zhang - Chairman and CEODewen Chen - CEOJoanna Lv - CFOPu Huang - Director of Investor RelationsYaobin Wang - CFOConference Call ParticipantsThomas Chong - Stock AnalystOperatorLadies and gentlemen, thank you for standing by, and good evening. Thank you for joining Sohu's fourth quarter 2025 earnings conference call. At this time, all participants are in listen-only mode. Af ...

Sohu.com (NasdaqGS:SOHU) Q4 2025 Earnings call February 09, 2026 07:30 AM ET Speaker5Ladies and gentlemen, thank you for standing by, and good evening. Thank you for joining Sohu's fourth quarter 2025 earnings conference call. At this time, all participants are in listen-only mode. After management prepared remarks, there will be a question and answer session. Today's conference call is being recorded. If you have any objections, you may disconnect at this time. I'll now like to turn the conference over to ...

Financial Data and Key Metrics Changes - Net income for the 9-month period was JPY 389.7 billion, an increase of JPY 117.9 billion year-over-year, marking the highest third-quarter cumulative net profit ever [2] - Pre-tax profits reached JPY 567.7 billion, up by JPY 184.3 billion year-over-year, with all three categories of finance, operation, and investments showing profit growth [3] - Shareholder returns were enhanced with an expansion of the share buyback program from JPY 100 billion to JPY 150 billion, with JPY 128.1 billion completed by the end of January [3] Business Line Data and Key Metrics Changes - Finance segment profits increased by 8% year-over-year to JPY 145.5 billion, driven by growth in investment income and finance revenues in Australia and Asia [4] - Operation segment profit rose by 17% to JPY 189.5 billion, supported by gains from airport concessions and real estate operations [4][5] - Investment segment profits surged by 100% year-over-year to JPY 261.4 billion, significantly boosted by gains from the sale of Greenko shares and other investments [6][7] Market Data and Key Metrics Changes - The environment energy segment profit increased by JPY 109.1 billion year-over-year, reaching JPY 122.2 billion, primarily due to gains on the sale of Greenko Energy Holdings [17] - The insurance segment profit rose by 20% year-over-year to JPY 74.1 billion, driven by expansion in investment assets and portfolio securities [18] - The banking and credit segment profit decreased by JPY 2.2 billion year-over-year to JPY 19.9 billion, impacted by rising funding costs and credit losses [19] Company Strategy and Development Direction - The company aims to drive sustainable growth and improve capital efficiency while maintaining its full-year net income forecast [8] - Organizational reforms were announced to restructure into three business divisions, although the current fiscal year will continue under the existing 10-segment framework [11] - The company is focusing on capital recycling, with JPY 196.6 billion in capital gains and ongoing investments in operations and PE investments [9][10] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the domestic economy's growth and the performance of various segments, including automotive and IT [42][43] - There is caution regarding the impact of rising interest rates and potential credit losses, with a focus on maintaining financial soundness [51][54] - The management is committed to evaluating business plans regularly to ensure alignment with capital efficiency and profitability goals [45][72] Other Important Information - The company has made significant investments in AI infrastructure and logistics facilities, indicating a strategic focus on technology and operational efficiency [10] - The impact of inbound tourism on earnings is being monitored, particularly concerning the decline in Chinese passenger numbers [24][25] - The company is actively managing its portfolio to mitigate risks associated with legacy assets and market fluctuations [21][22] Q&A Session Summary Question: Details on ORIX USA and Hilco Global integration - Management confirmed that valuation gains from ORIX Capital Partners were significant and that a 100-day plan for Hilco Global is being executed to enhance collaboration [35][36] Question: Overall progress and performance against the plan - Management highlighted strong performance in investments and operations, with expectations for continued growth despite potential challenges in the fourth quarter [41][44] Question: Clarification on U.S. valuation gains - Management indicated that the strong performance of U.S. investees, particularly in technology, contributed positively to the overall results [46][80] Question: Cost considerations for the fourth quarter - Management acknowledged potential credit costs and emphasized a cautious approach to project evaluations, particularly regarding Erawan [49][52] Question: Changes in employed capital ratio and risk appetite - Management explained that the employed capital ratio was recalibrated for more detailed risk assessment, with no direct impact on risk appetite [58][60] Question: Capital gains and base profit disclosures - Management clarified that capital gains were not incorporated in the same manner as before, focusing instead on base profit growth [66][67] Question: Future plans for profit growth and ROE targets - Management emphasized the importance of capital efficiency and the potential for continued profit growth, with a focus on high-quality investments [71][72]