Market Signal Briefing

In the list of unlikely AI stocks, glassmaker Corning Inc. NYSE: GLW must be near the top. The company has close to two centuries of history making glass products and may be best known to the average consumer for its cook and bakeware.

– Net Income Per Fully Diluted Share of $0.12 in 4Q and $0.25 in 2025 –

– Core FFO Per Fully Diluted Share of $0.23 in 4Q and $0.87 in 2025 –

– $417M of All-Cash Acquisitions of Well-Located, High-Quality Assets in 2025 –

– Exited Suburban Commercial Assets and Transitioned to 100% NYC Portfolio –

– Provides 2026 Outlook –

NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) is a NYC-focused REIT that owns and operates a portfolio of well-leased, top of tier, modernized, amenitized, and well-located office, retail, and multifamily assets. ESRT’s flagship Empire State Building, the “World's Most Famous Building,” features its iconic Observatory, ranked the #1 Top Attraction in New York City for the fourth consecutive year in Tripadvisor’s 2025 Travelers’ Choice Awards: Best of the Best Things to Do. The Company is a recognized leader in energy efficiency and indoor environmental quality. Today the Company reported its operational and financial results for the fourth quarter of 2025 and the full year. All per share amounts are on a fully diluted basis, where applicable.

Fourth Quarter and Full Year 2025 Recent Highlights

Net Income of $0.12 per share for the fourth quarter of 2025 and $0.25 per share for the full year. Core Funds From Operations (“Core FFO”) of $0.23 per share for the fourth quarter of 2025 and $0.87 per share for the full year, compared to $0.24 per share and $0.95 per share for the same respective periods in 2024. Same-Store Property Cash Net Operating Income (“NOI”), excluding lease termination fees, increased 0.9% for the fourth quarter and decreased 2.0% for the full year as compared to the same periods in 2024. The fourth quarter change was primarily attributed to increases in base rent and tenant reimbursement income. These higher revenues were partially offset by increases in utility costs and real estate taxes. Adjusted for approximately $2 million and $7 million of non-recurring items, which predominately consisted of revenue items recognized in the fourth quarter of 2024 and full year 2024, respectively, Same-Store Property Cash NOI increased by 3.4% and 0.6%, respectively. Office occupancy of 89.9% and total commercial portfolio occupancy of 90.3%. Signed 458,473 rentable square feet of commercial leases, inclusive of 333,451 rentable square feet of office leases, in the fourth quarter. Signed 1,009,009 rentable square feet of commercial leases, inclusive of 847,598 square feet of Manhattan office leases, in the full year 2025. In the office portfolio, blended leasing spreads were +6.4% in the fourth quarter, the 18th consecutive quarter of positive leasing spreads. Empire State Building Observatory generated NOI of $24.4 million in the fourth quarter and $90.1 million for the full year. Completed the previously announced all-cash acquisition of 130 Mercer Street (555-557 Broadway, “The Scholastic Building”), located in the SoHo submarket of Manhattan, for a purchase price of $386.0 million. Completed the disposition of the last suburban office asset, Metro Center, in Stamford, Connecticut and repaid the related mortgage debt of $71.6 million. The Company’s commercial portfolio is now 100% New York City. Issued $175 million of senior unsecured notes in a private placement transaction. Closed on a $245 million upsize and extension of our unsecured term loan credit facility that will now mature in 2031, inclusive of extensions. The Company now has no unaddressed debt maturity until March 2027. Repurchased approximately $6.0 million of common stock in the fourth quarter, $8.1 million in the full year 2025. Property Operations1

As of December 31, 2025, the Company’s operating portfolio comprised 7.6 million rentable square feet of office space, 0.8 million rentable square feet of retail space and 743 residential units, which were occupied and leased as shown below.

December 31, 20252, 3

September 30, 20252

December 31, 20242

Percent occupied:

Total commercial portfolio

90.3%

90.0%

88.6%

Office

89.9%

89.7%

88.4%

Retail

94.4%

92.8%

90.4%

Percent leased (includes signed leases not commenced):

Total commercial portfolio

93.6%

92.6%

93.5%

Office

93.5%

92.4%

93.5%

Retail

95.3%

94.7%

94.1%

Total multifamily portfolio

97.8%

98.6%

98.5%

  1 Excludes approximately 15,000 square feet of space under redevelopment related to the June 2025 acquisition of 86-90 North 6th Street and approximately 396,000 square feet of space, comprised of 368,000 square feet of office space and 28,000 square feet of retail space, related to the December 2025 acquisition of 130 Mercer Street, which will be redeveloped.

2 All occupancy and leased percentages exclude broadcasting and storage space.

3 Occupancy and leased percentages for December 31, 2025 exclude Metro Center, which was sold during the fourth quarter.

Leasing

The tables that follow summarize leasing activity for the fourth quarter of 2025. During this period, the Company signed 27 leases that totaled 458,473 square feet with an average lease duration of 6.7 years. Average lease duration was 11.6 years for new leases executed in the fourth quarter.

Total Portfolio

Total Portfolio

Leases executed

Square

footage executed

Average cash rent psf – leases executed

% of new cash rent over / under previously escalated rents

Office

18

333,451

73.63

6.4 %

Retail

9

125,022

81.43

(2.8) %

Total Overall

27

458,473

75.61

3.7 %

Office Portfolio

Office Portfolio

Leases executed

Square

footage executed

Average cash rent psf – leases executed

% of new cash rent over / under previously escalated rents

New Office

12

106,311

70.97

13.5 %

Renewal Office

6

227,140

74.88

3.6 %

Total Office

18

333,451

73.63

6.4 %

Leasing Activity Highlights

A 10-Year 46,437 square foot early renewal retail lease with TJ Maxx at 250 West 57th Street. A 7-year 41,835 square foot early renewal office lease with Nespresso at 111 West 33rd Street. A 16-year 35,629 square foot expansion office lease and a 170,763 square foot 1-year early renewal at 1400 Broadway with Burlington Stores, Inc. which represents footprint growth of over 20% and aligns the leases to a coterminous expiration in 2042. Balance Sheet

The Company had $0.6 billion of total liquidity as of December 31, 2025, which was comprised of $133 million of cash, plus $475 million available under its revolving credit facility. At December 31, 2025, the Company had total debt outstanding of approximately $2.4 billion at a weighted average interest rate of 4.48%. At December 31, 2025, the Company’s ratio of net debt to adjusted EBITDA was 6.3x. The Company’s balance sheet supported $417 million of all-cash acquisitions of well-located, high-quality office and retail assets in 2025.

In the fourth quarter, the Company issued $175 million of senior unsecured notes in a private placement transaction at a fixed rate of 5.47% that matures in 2031. The Company also closed on a $245 million upsize and extension of its unsecured term loan credit facility that will now mature in 2031, inclusive of extensions. Through the execution of interest rate swap agreements, the Company fixed its interest rate on this facility at 4.51%. The Company now has no unaddressed debt maturity until March 2027.

Portfolio Transaction Activity

In the fourth quarter, the Company completed the previously announced all-cash acquisition of 130 Mercer Street (555-557 Broadway, the “Scholastic Building”) for a purchase price of $386.0 million. The property is located in the SoHo submarket of Manhattan and is comprised of approximately 368,000 square feet of office and 28,000 square feet of prime retail. This follows the $31.0 million all-cash acquisition of a prime retail asset located at 86-90 North 6th Street in Williamsburg, Brooklyn completed in the second quarter.

In the fourth quarter, the company also completed the disposition of its last suburban office asset, Metro Center, in Stamford, Connecticut, and repaid the related mortgage debt of $71.6 million. The Company’s commercial portfolio is now 100% New York City.

Share Repurchases

During the fourth quarter, the Company repurchased $6.0 million of common stock at a weighted average price of $6.73 per share. For the full year, the Company repurchased $8.1 million of common stock at a weighted average price of $6.78 per share.

Dividend

On December 31, 2025, the Company paid a quarterly dividend of $0.035 per share or unit, as applicable, for the fourth quarter of 2025 to holders of the Company’s Class A common stock (NYSE: ESRT) and Class B common stock and to holders of the Series ES, Series 250 and Series 60 partnership units (NYSE Arca: ESBA, FISK and OGCP, respectively) and Series PR partnership units of Empire State Realty OP, L.P., the Company’s operating partnership (the “Operating Partnership”).

On December 31, 2025, the Company paid a quarterly preferred dividend of $0.15 and $0.175 per unit for the fourth quarter of 2025 to holders of the Operating Partnership’s Series 2014 and 2019 private perpetual preferred units, respectively.

2026 Earnings Outlook

The Company provides 2026 guidance and key assumptions, as summarized in the table below. The Company’s guidance does not include the impact of any significant future lease termination fee income or any unannounced acquisition, disposition or other capital markets activity.

Key Assumptions

2026 Guidance

2025 Actual Results

Comments

Earnings

Core FFO Per Fully Diluted Share

$0.85 to $0.89

$0.87

• 2026 assumes ~($0.03) impact from temporary downtime associated with the previously disclosed FDIC expiration, which has been re-leased

Property Assumptions

Commercial Occupancy at year-end

90% to 92%

90.3%

SS Property Cash NOI (excluding lease termination fees)

-1.5% to +2.0%

+0.6% (ex-one-time items)

• Assumes positive y/y revenue growth

• Assumes a ~2.0 to 4.0% y/y increase in operating expenses and real estate taxes

• 2026 assumes ~(270 bps) impact from temporary downtime associated with the previously disclosed FDIC expiration, which has been re-leased

Observatory Drivers

Observatory NOI

$87M to $92M

$90M

• Reflects average quarterly expenses of ~$10M

Low

High

Net Income (Loss) Attributable to Common Stockholders and the Operating Partnership

$0.19

$0.23

Add:

Impairment Charge

0.00

0.00

Real Estate Depreciation & Amortization

0.65

0.65

Less:

Private Perpetual Distributions

0.02

0.02

Gain on Disposal of Real Estate, net

0.00

0.00

FFO Attributable to Common Stockholders and the Operating Partnership

$0.82

$0.86

Add:

Amortization of Below Market Ground Lease

0.03

0.03

Core FFO Attributable to Common Stockholders and the Operating Partnership

$0.85

$0.89

The estimates set forth above may be subject to fluctuations as a result of several factors, including continued impacts of changes in the use of office space and remote work on our business and our market, our ability to complete planned capital improvements in line with budget, costs of integration of completed acquisitions, costs associated with future acquisitions or other transactions, straight-line rent adjustments and the amortization of above and below-market leases. There can be no assurance that the Company’s actual results will not differ materially from the estimates set forth above.

Investor Presentation Update

The Company has posted on the “Investors” section of ESRT’s website the latest investor presentation, which contains additional information on its businesses, financial condition and results of operations.

Webcast and Conference Call Details

Empire State Realty Trust, Inc. will host a webcast and conference call, open to the general public, on Wednesday, February 18, 2026 at 12:00 pm Eastern time.

The webcast will be accessible on the “Investors” section of ESRT’s website. To listen to the live webcast, go to the site at least five minutes prior to the scheduled start time in order to register, download and install any necessary audio software. The conference call can also be accessed by dialing 1-877-407-3982 for domestic callers or 1-201-493-6780 for international callers.

Starting shortly after the call until March 4, 2026, a replay of the webcast will be available on the Company’s website, and a dial-in replay will be available by dialing 1-844-512-2921 for domestic callers or 1-412-317-6671 for international callers. The passcode for this dial-in replay is 13757582.

The Supplemental Report and Investor Presentation are additional components of the quarterly earnings announcement and are now available on the “Investors” section of ESRT’s website.

The Company uses, and intends to continue to use, the “Investors” page of its website, which can be found at www.esrtreit.com, as a means to disclose material nonpublic information and to comply with its disclosure obligations under Regulation FD, including, without limitation, through the posting of investor presentations that may include material nonpublic information. Accordingly, investors should monitor the “Investors” page, in addition to following our press releases, SEC filings, public conference calls, presentations and webcasts. The information contained on, or that may be accessed through, our website is not incorporated by reference into, and is not a part of, this document.

About Empire State Realty Trust

Empire State Realty Trust, Inc. (NYSE: ESRT) is a NYC-focused REIT that owns and operates a portfolio of well-leased, top of tier, modernized, amenitized, and well-located office, retail, and multifamily assets. ESRT’s flagship Empire State Building, the “World's Most Famous Building,” features its iconic Observatory, ranked the #1 Top Attraction in New York City for the fourth consecutive year in Tripadvisor’s 2025 Travelers’ Choice Awards: Best of the Best Things to Do. The Company is a recognized leader in energy efficiency and indoor environmental quality. As of December 31, 2025, ESRT’s operating portfolio is comprised of approximately 7.6 million rentable square feet of office space, 0.8 million rentable square feet of retail space and 743 residential units. The Company also owns two properties that are being redeveloped with approximately 0.4 million rentable square feet of office space and 43 thousand rentable square feet of retail space. More information about Empire State Realty Trust can be found at esrtreit.com and by following ESRT on Facebook, Instagram, TikTok, X, and LinkedIn.

Forward-Looking Statements

This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). We intend these forward-looking statements to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not historical facts and can generally be identified by words such as “anticipate,” “believe,” “expect,” “intend,” “plan,” “project,” “estimate,” “may,” “will,” “should,” “would,” and similar expressions. Forward-looking statements are based on our current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied.

Forward-looking statements are based on our current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied. These risks and uncertainties include, among others: economic and market conditions (including the impact of catastrophic events, pandemics, extreme weather, terrorism, armed hostilities, cybersecurity threats and other technology disruptions); increased costs due to tariffs or other economic factors; changes in the New York City office, retail and tourism markets (including changes in the use of office space and remote work); leasing activity, tenant defaults, early terminations and renewals, occupancy levels and rental rates; performance of the Observatory (including tourism levels, currency and geopolitical impacts, weather and competition); interest rate volatility and capital markets conditions, including our ability to refinance, restructure or extend indebtedness; real estate valuation declines and potential impairment charges; our ability to execute capital projects and complete acquisitions on acceptable terms; risks relating to governmental regulation, environmental and climate-related requirements (including Local Law 97), and our ability to achieve sustainability goals and metrics; risks relating to our ground leases; our ability to maintain our qualification as a REIT; potential taxable gain arising from transactions structured to qualify under Section 1031; legal proceedings; and risks relating to our disclosure controls and internal control over financial reporting. For a discussion of these and other factors, see the section entitled “Risk Factors” of our annual report on Form 10-K for the year ended December 31, 2024 and any additional factors that may be contained in any filing we make with the U.S. Securities and Exchange Commission.

Any forward-looking statement speaks only as of the date of this press release. We undertake no obligation to update or revise any forward-looking statement to reflect subsequent events or circumstances, except as required by law.

Empire State Realty Trust, Inc.

Consolidated Statements of Operations

(unaudited and amounts in thousands, except per share data)  

Three Months Ended December 31,

2025

2024

Revenues

Rental revenue

$

159,721

$

155,127

Observatory revenue

35,232

38,275

Lease termination fees

—

—

Third-party management and other fees

240

258

Other revenue and fees

4,031

3,942

Total revenues

199,224

197,602

Operating expenses

Property operating expenses

47,817

46,645

Ground rent expenses

2,332

2,332

General and administrative expenses

18,474

17,870

Observatory expenses

10,787

9,730

Real estate taxes

33,842

32,720

Depreciation and amortization

50,566

45,365

Total operating expenses

163,818

154,662

Total operating income

35,406

42,940

Other income (expense):

Interest income

1,949

5,068

Interest expense

(25,880

)

(27,380

)

Interest expense associated with property in receivership

—

(1,921

)

Loss on early extinguishment of debt

(97

)

—

Gain on disposition of properties

21,848

1,237

Income before income taxes

33,226

19,944

Income tax expense

(1,054

)

(1,151

)

Net income

32,172

18,793

Net income attributable to non-controlling interests:

Non-controlling interest in the Operating Partnership

(11,446

)

(6,575

)

Preferred unit distributions

(1,050

)

(1,050

)

Net income attributable to common stockholders

$

19,676

$

11,168

Total weighted average shares

Basic

168,693

166,671

Diluted

270,328

270,251

Earnings per share attributable to common stockholders

Basic and Diluted

$

0.12

$

0.07

  Empire State Realty Trust, Inc.

Consolidated Statements of Operations

(unaudited and amounts in thousands, except per share data) 

Year ended December 31,

2025

2024

Revenues

Rental revenue

$

626,213

$

614,596

Observatory revenue

128,329

136,377

Lease termination fees

464

4,771

Third-party management and other fees

1,483

1,170

Other revenue and fees

11,781

11,009

Total revenues

768,270

767,923

Operating expenses

Property operating expenses

184,714

179,175

Ground rent expenses

9,326

9,326

General and administrative expenses

72,842

70,234

Observatory expenses

38,237

36,834

Real estate taxes

132,740

128,826

Depreciation and amortization

194,762

184,818

Total operating expenses

632,621

609,213

Total operating income

135,649

158,710

Other income (expense):

Interest income

8,748

21,298

Interest expense

(103,133

)

(105,239

)

Interest expense associated with property in receivership

(647

)

(4,471

)

Loss on early extinguishment of debt

(97

)

(553

)

Gain on disposition of properties

35,018

13,302

Income before income taxes

75,538

83,047

Income tax expense

(2,558

)

(2,688

)

Net income

72,980

80,359

Net income attributable to non-controlling interests:

Non-controlling interest in the Operating Partnership

(25,379

)

(28,713

)

Non-controlling interests in other partnerships

—

(4

)

Preferred unit distributions

(4,201

)

(4,201

)

Net income attributable to common stockholders

$

43,400

$

47,441

Total weighted average shares

Basic

168,539

164,902

Diluted

270,040

269,019

Earnings per share attributable to common stockholders

Basic

$

0.26

$

0.29

Diluted

$

0.25

$

0.28

Empire State Realty Trust, Inc.

Reconciliation of Net Income to Funds From Operations (“FFO”),

Modified Funds From Operations (“Modified FFO”) and Core Funds From Operations (“Core FFO”)

(unaudited and amounts in thousands, except per share data)

Three Months Ended December 31,

2025

2024

Net income

$

32,172

$

18,793

Preferred unit distributions

(1,050

)

(1,050

)

Real estate depreciation and amortization

49,689

44,386

Gain on disposition of properties

(21,848

)

(1,237

)

FFO attributable to common stockholders and Operating Partnership units

58,963

60,892

Amortization of below-market ground leases

1,958

1,958

Modified FFO attributable to common stockholders and Operating Partnership units

60,921

62,850

Interest expense associated with property in receivership

—

1,921

Loss on early extinguishment of debt

97

—

IPO litigation expense4

632

—

Core FFO attributable to common stockholders and Operating Partnership units

$

61,650

$

64,771

Total weighted average shares and Operating Partnership units

Basic

266,825

264,798

Diluted

270,328

270,251

FFO per share

Basic

$

0.22

$

0.23

Diluted

$

0.22

$

0.23

Modified FFO per share

Basic

$

0.23

$

0.24

Diluted

$

0.23

$

0.23

Core FFO per share

Basic

$

0.23

$

0.24

Diluted

$

0.23

$

0.24

  4Included as a component of general and administrative expenses in the accompanying consolidated statements of operations.

  Empire State Realty Trust, Inc.

Reconciliation of Net Income to Funds From Operations (“FFO”),

Modified Funds From Operations (“Modified FFO”) and Core Funds From Operations (“Core FFO”)

(unaudited and amounts in thousands, except per share data)

Year ended December 31,

2025

2024

Net income

$

72,980

$

80,359

Non-controlling interests in other partnerships

—

(4

)

Preferred unit distributions

(4,201

)

(4,201

)

Real estate depreciation and amortization

191,222

180,513

Gain on disposition of properties

(35,018

)

(13,302

)

FFO attributable to common stockholders and Operating Partnership units

224,983

243,365

Amortization of below-market ground leases

7,831

7,831

Modified FFO attributable to common stockholders and Operating Partnership units

232,814

251,196

Interest expense associated with property in receivership

647

4,471

Loss on early extinguishment of debt

97

553

IPO litigation expense5

632

—

Core FFO attributable to common stockholders and Operating Partnership units

$

234,190

$

256,220

Total weighted average shares and Operating Partnership units

Basic

266,939

264,706

Diluted

270,040

269,019

FFO per share

Basic

$

0.84

$

0.92

Diluted

$

0.83

$

0.90

Modified FFO per share

Basic

$

0.87

$

0.95

Diluted

$

0.86

$

0.93

Core FFO per share

Basic

$

0.88

$

0.97

Diluted

$

0.87

$

0.95

5 Included as a component of general and administrative expenses in the accompanying consolidated statements of operations.

  Empire State Realty Trust, Inc.

Consolidated Balance Sheets

(unaudited and amounts in thousands)

December 31, 2025

December 31, 2024

Assets

Commercial real estate properties, at cost

$

4,205,907

$

3,786,653

Less: accumulated depreciation

(1,366,829

)

(1,274,193

)

Commercial real estate properties, net

2,839,078

2,512,460

Contract asset6

—

170,419

Cash and cash equivalents

132,657

385,465

Restricted cash

33,854

43,837

Tenant and other receivables

22,063

31,427

Deferred rent receivables

255,270

247,754

Prepaid expenses and other assets

93,355

101,852

Deferred costs, net

267,682

183,987

Acquired below market ground leases, net

305,579

313,410

Right of use assets

27,944

28,197

Goodwill

491,479

491,479

Total assets

$

4,468,961

$

4,510,287

Liabilities and equity

Mortgage notes payable, net

$

619,269

$

692,176

Senior unsecured notes, net

1,270,668

1,197,061

Unsecured term loan facility, net

336,794

268,731

Unsecured revolving credit facility

145,000

120,000

Debt associated with property in receivership

—

177,667

Accrued interest associated with property in receivership

—

5,433

Accounts payable and accrued expenses

120,150

132,016

Acquired below market leases, net

39,767

19,497

Ground lease liabilities

27,944

28,197

Deferred revenue and other liabilities

59,901

62,639

Tenants’ security deposits

27,276

24,908

Total liabilities

2,646,769

2,728,325

Total equity

1,822,192

1,781,962

Total liabilities and equity

$

4,468,961

$

4,510,287

6 This contract asset represents the amount of obligation which was released on February 5, 2025, upon the final resolution of the foreclosure process on First Stamford Place.

More News From Empire State Realty Trust, Inc.

NEW YORK, Feb. 17, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Vizsla Silver Corp. (“Vizsla Silver” or the “Company”) (NYSE: VZLA).  Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.

The investigation concerns whether Vizsla Silver and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

[Click here for information about joining the class action]

On January 29, 2026, Vizsla Silver issued a press release “regarding a security incident at its project site in Concordia, Mexico.”  Per the Company’s press release, “[t]en individuals were taken during the incident” and that “[a]s a precautionary measure, Vizsla Silver has temporarily suspended certain activities at and near the site.”

On this news, Vizsla Silver’s stock price fell $1.02 per share, or 14.87%, to close at $5.84 per share on January 29, 2026.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980

Continued strength in Fuel Specialties with 7 percent operating income growth and improved margins

Sequentially improving results in Performance Chemicals and Oilfield Services

Excellent quarterly cash flow of $61.4 million generated from operations; Net cash improves to $292.5 million

GAAP EPS $1.91 and adjusted non-GAAP EPS $1.50

ENGLEWOOD, Colo., Feb. 17, 2026 (GLOBE NEWSWIRE) -- Innospec Inc. (NASDAQ: IOSP) today announced its financial results for the fourth quarter and full year ended December 31, 2025.

Total revenues for the fourth quarter were $455.6 million, a decrease of 2 percent from $466.8 million in the corresponding period last year. Net income for the quarter was $47.4 million, or $1.91 per diluted share compared to a net loss of $70.4 million, or $2.80 per diluted share, recorded last year which was impacted by the buyout of the UK pension scheme. Adjusted EBITDA for the quarter was $55.7 million compared to $56.6 million reported in the same period a year ago.

Results for this quarter include some special items, which are summarized in the table below. Excluding these items, adjusted non-GAAP EPS in the fourth quarter was $1.50 per diluted share, compared to $1.41 per diluted share a year ago.

Innospec generated cash from operating activities of $61.4 million before capital expenditures of $20.5 million in the quarter and closed the year with net cash of $292.5 million.

Adjusted EBITDA, income before income taxes excluding special items, net income excluding special items, and related per-share amounts, together with net cash, are non-GAAP financial measures that are defined and reconciled with GAAP results herein and in the schedules below.

 Quarter ended December 31, 2025Quarter ended December 31, 2024(in millions, except share and per share data) Income before
income taxes  Net
income  Per diluted share  (Loss)/ income before
income taxes  Net
(loss)/ income  Per diluted share                    Reported GAAP amounts$50.3 $47.4 $1.91 $(102.6)$(70.4)$(2.80)                   Impact of internal reorganizations -  (9.5) (0.38) 0.6  1.1  0.04 Foreign currency exchange gains (2.7) (2.0) (0.08) (8.0) (5.7) (0.23)Amortization of acquired intangible assets 1.0  0.8  0.03  2.3  1.7  0.07 Adjustment to fair value of contingent consideration 0.3  0.3  0.01  1.3  2.0  0.08 Legacy costs of closed operations 0.3  0.2  0.01  1.4  1.1  0.04 Settlement charge on UK pension scheme buy-out -  -  -  155.6  116.7  4.65 Adjustment of income tax provisions -  -  -  -  (11.0) (0.44)  (1.1) (10.2) (0.41) 153.2  105.9  4.21                    Adjusted non-GAAP amounts$49.2 $37.2 $1.50 $50.6 $35.5 $1.41                     For the full year, total revenues of $1.78 billion decreased by 4 percent from $1.85 billion in the prior year. Net income for 2025 was $116.6 million or $4.67 per diluted share, compared to the prior year net income of $35.6 million, or $1.42 per diluted share, which was impacted by the buyout of the UK pension scheme. Adjusted EBITDA for the year was $203.0 million down 10 percent from $225.2 million in 2024.

Results for the full year include some special items, which are summarized in the table below. Excluding these items, adjusted non-GAAP EPS for the full year was $5.27 per diluted share, compared to $5.92 per diluted share a year ago.

 Year ended December 31, 2025Year ended December 31, 2024(in millions, except share and per share data) Income before
income taxes  Net
income  Diluted EPS  Income before
income taxes  Net
income  Diluted EPS                    Reported GAAP amounts$138.1 $116.6 $4.67 $41.2 $35.6 $1.42                    Impairment of property, plant and equipment 22.9  18.1  0.72  -  -  - Adjustment to fair value of contingent consideration (15.9) (15.9) (0.64) 3.4  3.4  0.14 Impairment of intangible assets 19.1  14.0  0.56  -  -  - Impact of internal reorganizations -  (9.5) (0.38) 0.6  1.1  0.04 Amortization of acquired intangible assets 7.3  5.5  0.22  11.3  8.6  0.34 Legacy costs of closed operations 5.1  3.8  0.15  4.0  3.0  0.12 Foreign currency exchange gains (1.6) (1.2) (0.05) (4.9) (3.6) (0.14)Restructuring charge 0.9  0.6  0.02  -  -  - Settlement charge on UK pension scheme buyout -  -  -  155.6  116.7  4.65 Adjustment of income tax provisions -  -  -  -  (11.4) (0.45)Recovery of historical pension costs -  -  -  (8.4) (6.3) (0.25)Settlement of historical tax audits -  -  -  -  1.3  0.05   37.8  15.4  0.60  161.6  112.8  4.50                    Adjusted non-GAAP amounts$175.9 $132.0 $5.27 $202.8 $148.4 $5.92                     Commenting on the fourth quarter results, Patrick S. Williams, President and Chief Executive Officer, said,

“This was a good quarter for Innospec with continued strong operating income growth and margin expansion in Fuel Specialties combined with improving results in Performance Chemicals and Oilfield Services.

Performance Chemicals delivered strong sequential operating income growth as our margin improvement actions began to take effect together with lower overheads driven by a reduction in personnel related costs. We continue to execute multiple topline, cost and other margin opportunities identified in the business. In addition, we are accelerating our strong pipeline of new products across all our end markets. We expect these combined efforts to drive further improvement in 2026.

Fuel Specialties had another strong quarter with sales growth and margin improvement, driving a seven percent increase in operating income over the prior year. As expected, the business has continued to deliver consistently strong results.

Oilfield Services operating income and margins improved this quarter on a richer sales mix and lower overheads due to lower personnel related costs while sales were down on reduced activity in US completions and in the Middle East. We remain focused on delivering operating income growth in 2026 as Middle East activity returns, sales from our recent DRA expansion takes effect, and our focus on margin improvement continues. Our outlook does not assume any resumption of Mexico sales in 2026.”

Revenues in Performance Chemicals of $168.4 million were consistent with $169.2 million in the fourth quarter of last year, as volume reductions of 7 percent were offset by a positive price/mix of 3 percent and a positive currency impact of 4 percent. Gross margins of 18.1 percent decreased by 4.6 percentage points from the same quarter last year.   Operating income of $17.7 million decreased 14 percent from $20.6 million in the prior year period. For the full year, revenues were up 4 percent to $681.4 million and operating income decreased 26 percent to $61.0 million.

Revenues in Fuel Specialties of $194.1 million were up 1 percent from $191.8 million in the fourth quarter of last year. Volumes were up 8 percent with an adverse price/mix of 10 percent and a positive currency impact of 3 percent. Gross margins of 34.7 percent increased by 0.3 percentage points over last year. Operating income of $37.2 million was up 7 percent from $34.9 million a year ago. For the full year, revenues were unchanged at $701.5 million and operating income increased 12 percent to $144.8 million.  

Revenues in Oilfield Services of $93.1 million for the quarter were down 12 percent from $105.8 million in the fourth quarter of last year. Gross margins of 31.9 percent increased by 1.8 percentage points from the same quarter last year on a richer sales mix. Operating income of $8.2 million increased 9 percent from $7.5 million in the prior year period. For the full year, revenues were down 19 percent to $395.1 million and operating income decreased 40 percent to $23.3 million.

Corporate costs of $16.0 million decreased by $4.6 million from last year driven by lower personnel related costs. The full year adjusted effective tax rate for 2025 was 24.1 percent compared to 26.4 percent last year, due to the geographical mix of taxable profits.

For the quarter, cash provided by operating activities after capital expenditures was $40.9 million compared to $5.1 million a year ago. For the full year, cash from operations after capital expenditures was $63.9 million compared to $122.7 million in 2024. As of December 31, 2025, Innospec had net cash of $292.5 million compared to net cash of $289.2 million a year ago.

Mr. Williams concluded,

“Entering 2026, our focus remains unchanged. We will continue to prioritize margin and operating income improvement in Performance Chemicals and Oilfield Services. In both segments, we have margin enhancement, new technology commercialization and other opportunities which we expect to drive growth in 2026. In addition, we expect Fuel Specialties to continue to deliver consistent results.

Operating cash generation was excellent in the quarter, and our net cash position closed at over $292 million after making our semi-annual dividend payment of $21.6 million. We enter 2026 with significant balance sheet flexibility for M&A, dividend growth, organic investment and buybacks.”

Use of Non-GAAP Financial Measures

The information presented in this press release includes financial measures that are not calculated or presented in accordance with Generally Accepted Accounting Principles in the United States (GAAP). These non-GAAP financial measures comprise adjusted EBITDA, income before income taxes excluding special items, net income excluding special items and related per share amounts together with net cash. Adjusted EBITDA is net income/(loss) per our consolidated financial statements adjusted for the exclusion of interest income, net, income taxes, depreciation and amortization, pension scheme settlement charge, recovery of historical pension costs, foreign currency exchange gains, legacy costs of closed operations, adjustment to fair value of contingent consideration, restructuring charge, impairment of property, plant and equipment and impairment of intangible assets. Income before income taxes, net income and diluted EPS, excluding special items, per our consolidated financial statements are adjusted for the exclusion of impairment of property, plant and equipment, adjustment to fair value of contingent consideration, impairment of intangible assets, impact of internal reorganizations, amortization of acquired intangible assets, legacy costs of closed operations, foreign currency exchange gains, restructuring charge, settlement charge on UK pension scheme buyout, adjustment of income tax provisions, recovery of historical pension costs and settlement of historical tax audits. Net cash is cash and cash equivalents less total debt. Reconciliations of these non-GAAP financial measures to their most directly comparable GAAP financial measures are provided herein and in the schedules below.

The Company believes that such non-GAAP financial measures provide useful information to investors and may assist them in evaluating the Company’s underlying performance and identifying operating trends. In addition, these non-GAAP measures address questions the Company routinely receives from analysts and investors and the Company has determined that it is appropriate to make this data available to all investors. While the Company believes that such measures are useful in evaluating the Company’s performance, investors should not consider them to be a substitute for financial measures prepared in accordance with GAAP. In addition, these non-GAAP financial measures may differ from similarly titled non-GAAP financial measures used by other companies and do not provide a comparable view of the Company’s performance relative to other companies in similar industries. Management uses adjusted EPS (the most directly comparable GAAP financial measure for which is GAAP EPS) and net income excluding special items and adjusted EBITDA (the most directly comparable GAAP financial measure for which is GAAP net income/(loss)) to allocate resources and evaluate the performance of the Company’s operations and has provided a reconciliation of adjusted EBITDA and net income excluding special items, and related per share amounts, to GAAP net income/(loss) herein and in the schedules below.

About Innospec Inc.

Innospec Inc. is an international specialty chemicals company with approximately 2,450 employees in 22 countries. Innospec manufactures and supplies a wide range of specialty chemicals to markets in the Americas, Europe, the Middle East, Africa and Asia-Pacific. The Performance Chemicals business creates innovative technology-based solutions for our customers in the Personal Care, Home Care, Agrochemical, Mining and Industrial markets. The Fuel Specialties business specializes in manufacturing and supplying fuel additives that improve fuel efficiency, boost engine performance and reduce harmful emissions. Oilfield Services provides specialty chemicals to all elements of the oil and gas exploration and production industry. 

Forward-Looking Statements

This press release contains certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995.  All statements other than statements of historical facts included or incorporated herein may constitute forward-looking statements. Such forward-looking statements include statements (covered by words like “expects,” “estimates,” “anticipates,” “may,” “could,” “believes,” “feels,” “plans,” “intends,” “outlook” or similar words or expressions, for example) which relate to earnings, growth potential, operating performance, events or developments that we expect or anticipate will or may occur in the future.  Although forward-looking statements are believed by management to be reasonable when made, they are subject to certain risks, uncertainties and assumptions, and our actual performance or results may differ materially from these forward-looking statements.  Additional information regarding risks, uncertainties and assumptions relating to Innospec and affecting our business operations and prospects are described in Innospec’s Annual Report on Form 10-K for the year ended December 31, 2024, Innospec’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2025 and other reports filed with the U.S. Securities and Exchange Commission.  You are urged to review our discussion of risks and uncertainties that could cause actual results to differ from forward-looking statements under the heading "Risk Factors” in such reports.  Innospec undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Contacts:

Corbin Barnes
Innospec Inc.
+44-151-355-3611
[email protected]

INNOSPEC INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF INCOME

Schedule 1

(in millions, except share and per share data)
 Three Months Ended
December 31 Twelve Months Ended 
December 312025  2024  2025  2024          Net sales$455.6 $466.8 $1,778.0 $1,845.4 Cost of goods sold (328.2) (330.6) (1,285.6) (1,302.5)Gross profit 127.4  136.2  492.4  542.9          Operating expenses:        Selling, general and administrative (69.3) (78.9) (285.1) (305.3)Research and development (11.0) (14.9) (51.0) (56.5)Adjustment to fair value of contingent consideration (0.3) (1.3) 15.9  (3.4)Restructuring charge -  -  (0.9) - Impairment of property, plant and equipment -  -  (22.9) - Impairment of intangible assets -  -  (19.1) - Profit on disposal of property, plant and equipment -  -  0.2  0.2 Total operating expenses (80.6) (95.1) (362.9) (365.0)Operating income 46.8  41.1  129.5  177.9 Other income/(expense), net 1.6  9.5  (0.6) 9.6 Pension scheme settlement charge -  (155.6) -  (155.6)Interest income, net 1.9  2.4  9.2  9.3 Income/(loss) before income taxes 50.3  (102.6) 138.1  41.2 Income taxes (2.9) 32.2  (21.5) (5.6)Net income/(loss)$47.4 $(70.4)$116.6 $35.6          Earnings/(loss) per share:        Basic$1.91 $(2.82)$4.69 $1.43 Diluted$1.91 $(2.80)$4.67 $1.42          Weighted average shares outstanding (in thousands):        Basic 24,778  24,949  24,880  24,932 Diluted 24,837  25,115  24,993  25,119           INNOSPEC INC. AND SUBSIDIARIES

                                                                                                Schedule 2A

SEGMENTAL ANALYSIS OF RESULTS Three Months Ended
December 31 Twelve Months Ended
December 31(in millions) 2025  2024  2025  2024          Net sales:        Performance Chemicals$168.4 $169.2 $681.4 $653.7 Fuel Specialties 194.1  191.8  701.5  701.1 Oilfield Services 93.1  105.8  395.1  490.6     455.6  466.8  1,778.0  1,845.4          Gross profit:        Performance Chemicals 30.4  38.4  122.0  148.4 Fuel Specialties 67.3  66.0  252.2  239.9 Oilfield Services 29.7  31.8  118.2  154.6     127.4  136.2  492.4  542.9          Operating income:        Performance Chemicals 17.7  20.6  61.0  82.9 Fuel Specialties 37.2  34.9  144.8  129.6 Oilfield Services 8.2  7.5  23.3  38.8 Corporate costs (16.0) (20.6) (72.8) (70.2)  47.1  42.4  156.3  181.1 Adjustment to fair value of contingent consideration (0.3) (1.3) 15.9  (3.4)Restructuring charge -  -  (0.9) - Impairment of property, plant and equipment -  -  (22.9) - Impairment of intangible assets -  -  (19.1) - Profit on disposal of property, plant and equipment -  -  0.2  0.2 Total operating income$46.8 $41.1 $129.5 $177.9           Schedule 2B
        

NON-GAAP MEASURES Three Months Ended
December 31 Twelve Months Ended
December 31(in millions) 2025  2024  2025  2024          Net income/(loss)$47.4 $(70.4)$116.6 $35.6 Interest income, net (1.9) (2.4) (9.2) (9.3)Income taxes 2.9  (32.2) 21.5  5.6 Depreciation and amortization 9.4  11.3  43.6  43.6 Pension scheme settlement charge -  155.6  -  155.6 Recovery of historical pension costs -  -  -  (8.4)Foreign currency exchange gains (2.7) (8.0) (1.6) (4.9)Legacy costs of closed operations 0.3  1.4  5.1  4.0 Adjustment to fair value of contingent consideration 0.3  1.3  (15.9) 3.4 Restructuring charge -  -  0.9  - Impairment of property, plant and equipment -  -  22.9  - Impairment of intangible assets -  -  19.1  - Adjusted EBITDA$55.7 $56.6 $203.0 $225.2               Schedule 3

INNOSPEC INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS

(in millions) December 31,
2025 December 31,
2024Assets       Current assets:    Cash and cash equivalents$292.5$289.2Trade and other accounts receivable 342.3 341.7Inventories 329.3 301.0Prepaid expenses 20.1 21.0Prepaid income taxes 13.1 3.1Other current assets 7.3 0.6Total current assets 1,004.6 956.6     Net property, plant and equipment 286.1 269.7Operating lease right-of-use assets 52.7 44.8Goodwill 399.0 382.5Other intangible assets 67.7 65.4Deferred tax assets 13.6 9.4Pension asset - 2.4Other non-current assets 8.7 3.9Total assets$1,832.4$1,734.7Liabilities and Stockholders’ Equity         Current liabilities:    Accounts payable$174.7$163.8Accrued liabilities 152.3 169.1Current portion of operating lease liabilities 15.9 13.9Current portion of plant closure provisions 4.9 5.0Current portion of acquisition-related contingent consideration 7.0 -Accrued income taxes 5.3 19.6Total current liabilities 360.1 371.4     Operating lease liabilities, net of current portion 36.8 31.0Plant closure provisions, net of current portion 60.2 55.3Deferred tax liabilities 19.1 23.5Pension liabilities and post-employment benefits 13.2 13.1Acquisition-related contingent consideration, net of current portion 1.3 20.1Other non-current liabilities 8.8 4.2Equity 1,332.9 1,216.1Total liabilities and equity$1,832.4$1,734.7
Schedule 4

INNOSPEC INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

  Twelve Months Ended
December 31(in millions) 2025  2024 Cash Flows from Operating Activities         Net income$116.6 $35.6 Adjustments to reconcile net income to cash provided by operating activities:    Depreciation and amortization 43.6  43.5 Adjustment to fair value of contingent consideration (15.9) 3.4 Impairment of property, plant and equipment 22.9  - Impairment of intangible assets 19.1  - Deferred taxes (10.2) (39.3)Profit on disposal of property, plant and equipment (0.2) (0.2)Non-cash movements on defined benefit pension plans 2.7  151.9 Stock option compensation 8.1  8.5 Changes in working capital (16.0) (14.8)Movements in plant closure provisions (1.9) 0.9 Movements in income taxes (21.8) 6.3 Movements in unrecognized tax benefits -  (14.8)Movements in other assets and liabilities (8.7) 3.5 Net cash provided by operating activities 138.3  184.5 Cash Flows from Investing Activities         Capital expenditures (50.3) (41.4)Proceeds on disposal of property, plant and equipment 1.1  0.5 Business combinations, net of cash acquired (0.7) (0.2)Internally developed software (25.2) (20.9)Net cash used in investing activities (75.1) (62.0)Cash Flows from Financing Activities         Non-controlling interest 1.9  2.4 Refinancing costs -  (0.3)Dividend paid (42.4) (38.8)Issue of treasury stock 0.5  2.1 Repurchase of common stock (23.9) (0.7)Net cash used in financing activities (63.9) (35.3)     Effect of foreign currency exchange rate changes on cash 4.0  (1.7)Net change in cash and cash equivalents 3.3  85.5 Cash and cash equivalents at beginning of period 289.2  203.7 Cash and cash equivalents at end of period$292.5 $289.2 

Returning from the Presidents' Day holiday, Wall Street opened the week with familiar worries weighing on software and tech stocks, as investors continued to grapple with potential AI-driven disruption.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

$40 Gets You 4 High-Conviction Trades. Let's Go.

We just booked back-to-back double-digit gains on Celsius and Palantir in Trade of the Week, and we’re eyeing even bigger wins!

Every week starts with a fully defined options trade straight from the desk Schaeffer’s Senior V.P. of Research, Todd Salamone, backed by 30+ years of proven market experience and disciplined risk management.

Right now, you can get 4 total trades over the next 4 weeks for $40 – just $10 per trade.

👉 Sign Up Now to Receive Your First Trade!

HomeETFs and Funds AnalysisClosed End Funds Analysis

SummaryEaton Vance Tax-Managed Diversified Equity Income Fund offers a 7.97% yield via equity exposure and an options strategy, appealing to income-focused investors.ETY's yield is achieved through realized capital gains and short-term naked S&P 500 index call options, not primarily from portfolio dividends.ETY underperforms peers on yield and trades at a smaller discount to NAV, but its ten-year total return is competitive within its category.ETY's strategy is riskier than covered call peers due to naked call writing and heavy tech exposure, making performance vulnerable to tech sector reversals.Looking for a helping hand in the market? Members of Energy Profits in Dividends get exclusive ideas and guidance to navigate any climate. Learn More » Max Zolotukhin/iStock via Getty Images

The Eaton Vance Tax-Managed Diversified Equity Income Fund (ETY) is a closed-end fund that investors may wish to purchase as a means of earning an attractive level of income from the assets in

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

New York, New York--(Newsfile Corp. - February 17, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of agilon health, inc. (NYSE: AGL) between February 26, 2025 and August 4, 2025, both dates inclusive (the "Class Period"), of the important March 2, 2026 lead plaintiff deadline in the securities class action first filed by the Firm.

SO WHAT: If you purchased agilon securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the agilon class action, go to https://rosenlegal.com/submit-form/?case_id=46039 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than March 2, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) defendants recklessly issued guidance for 2025 that they knew or should have known was not going to be achieved, given material industry headwinds of which they were aware; (2) defendants materially overstated the immediate positive financial impact from "strategic actions" taken by agilon to reduce risk; and (3) as a result, defendants' statements about agilon's business, operations, and prospects were materially false and/or misleading at all times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the agilon class action, go to https://rosenlegal.com/submit-form/?case_id=46039 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.

Attorney Advertising. Prior results do not guarantee a similar outcome.

-------------------------------

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/284155

Source: The Rosen Law Firm PA

Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.

Contact Us

Analyst’s Disclosure: I/we have a beneficial long position in the shares of ANET either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

, /PRNewswire/ -- Glancy Prongay Wolke & Rotter LLP announces that investors with losses have opportunity to lead the securities fraud class action lawsuit against Smart Digital Group Limited ("SDM" or the "Company") (NASDAQ: SDM).

IF YOU SUFFERED A LOSS ON YOUR SDM INVESTMENTS, CLICK HERE BEFORE MARCH 16, 2026 (LEAD PLAINTIFF DEADLINE) TO PARTICIPATE IN THE SECURITIES FRAUD LAWSUIT

What Is The Lawsuit About?
The complaint filed alleges that, between May 5, 2025 and September 26, 2025, Defendants failed to disclose to investors that: (1) SDM was the subject of a market manipulation and fraudulent promotion scheme involving social-media based misinformation and impersonators posing as financial professionals; (2) insiders and/or affiliates used and/or intended to use offshore or nominee accounts to facilitate the coordinated dumping of shares during a price inflation campaign; (3) SDM's public statements and risk disclosures omitted any mention of realized risk of fraudulent trading or market manipulation used to drive the Company's stock price; (4) as a result, SDM securities were at unique risk of a sustained suspension in trading by either or both of the SEC and NASDAQ; and (5) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.

Contact Us To Participate or Learn More: 
If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us.
Charles Linehan, Esq.,
Glancy Prongay Wolke & Rotter LLP,
1925 Century Park East, Suite 2100,
Los Angeles California 90067
Email: [email protected]
Telephone: 310-201-9150 (Toll-Free: 888-773-9224)
Visit our website at www.glancylaw.com.
Follow us for updates on LinkedIn, Twitter, or Facebook.

If you inquire by email, please include your mailing address, telephone number and number of shares purchased. 

To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contact Us: 
Glancy Prongay Wolke & Rotter LLP,
1925 Century Park East, Suite 2100,
Los Angeles, CA 90067
Charles Linehan
Email: [email protected]
Telephone: 310-201-9150
Toll-Free: 888-773-9224
Visit our website at: www.glancylaw.com.

SOURCE Glancy Prongay Wolke & Rotter LLP

Affected CoreWeave, Inc. Investor Summary:

Who: CoreWeave, Inc. (NASDAQ: CRWV)What: Securities fraud class action lawsuitClass Period: March 28, 2025, through December 15, 2025Deadline to seek lead plaintiff status: March 13, 2026Key Allegations: Misstatements about capacity, reliance on third‑party data centers, and revenue riskInvestor action: Contact Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) for recovery options RADNOR, Pa., Feb. 17, 2026 (GLOBE NEWSWIRE) -- Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) announces a securities fraud class action lawsuit against CoreWeave, Inc. (NASDAQ: CRWV) for investors who purchased shares between March 28, 2025, and December 15, 2025.   Investors have until March 13, 2026, to file for lead plaintiff status.

COREWEAVE, INC. CLASS ACTION LAWSUIT - COMPLAINT ALLEGATION SUMMARY:
The complaint alleges that, throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) CoreWeave, Inc. overstated the company’s ability to meet customer demand for its services; (2) CoreWeave, Inc. understated the scope and severity of its reliance on a single third-party data center supplier, creating significant operational and delivery risk; (3) CoreWeave, Inc. misrepresented the financial risk associated with reliance on a single supplier, including revenue exposure tied to this dependency; and (4) public statements were materially false and misleading, resulting in inaccurate revenue expectations.

WHAT CRWV INVESTORS CAN DO NOW:

File to be a lead plaintiff by March 13, 2026.Contact KTMC for a free case evaluation.Retain counsel of choice or take no action.
If you experienced losses in connection with CoreWeave, contact attorney Jonathan Naji, Esq. at (484) 270-1453, email [email protected], or visit https://www.ktmc.com/crwv-coreweave-inc-class-action-lawsuit?utm_source=Globe&utm_medium=pressrelease&utm_campaign=crwv&mktm=PR

Learn more about CoreWeave, Inc. on YouTube:

CoreWeave, Inc. Securities Class Action Lawsuit (long video)CoreWeave, Inc. Securities Class Action Lawsuit (short video) THE LEAD PLAINTIFF PROCESS FOR COREWEAVE, INC. (CRWV) INVESTORS
CoreWeave, Inc. investors may, no later than March 13, 2026, seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel, or may choose to do nothing and remain an absent class member. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation.  The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff.

Kessler Topaz Meltzer & Check, LLP encourages CoreWeave, Inc. investors to reach out directly for more information.

ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP (KTMC):

Kessler Topaz Meltzer & Check, LLP (KTMC) is a leading U.S. plaintiff-side law firm focused on securities fraud class action lawsuits and global investor protection. The firm represents individual investors as well as institutions, such as major pension funds, asset managers, and international investors. KTMC has led some of the nation’s largest securities recoveries, earning recognition from:

The National Law Journal’s Plaintiff’s Hot ListThe Legal Intelligencer’s Class Action Firm of the YearLawdragon’s Leading Plaintiff Financial LawyersLaw360 Titans of the Plaintiffs BarBTI Consulting Group’s Honor Roll of Most Feared Law Firms
The firm operates globally with offices in Pennsylvania and California.  For more information about Kessler Topaz Meltzer & Check, LLP, please visit www.ktmc.com.  

CONTACT:

Kessler Topaz Meltzer & Check, LLP
Jonathan Naji, Esq.
(484) 270-1453
[email protected]
https://www.ktmc.com/crwv-coreweave-inc-class-action-lawsuit

May be considered attorney advertising in certain jurisdictions. Past results do not guarantee future outcomes.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0bd1a1d3-f515-474c-93b4-3cf8c3c07c63

Converse, Indiana, Feb. 17, 2026 (GLOBE NEWSWIRE) -- First Farmers Financial Corp. (OTCQX:FFMR), announced that the Board of Directors has approved a new stock repurchase program permitting the Company to buy back up to $4 million of its outstanding common stock on the open market.  This repurchase program replaces the April 2025 authorization, under which the Company successfully repurchased 59,173 shares for an aggregate $3.95 million over a ten-month period.

The timing, price, and quantity of purchases under the stock repurchase plan will be at the discretion of management and may be discontinued, suspended, or restarted at any time.  The program will be funded from current available working capital.  The board feels the stock repurchase plan will provide capital management opportunities and add value for the Company’s shareholders depending upon market and business conditions.

“The Board believes this repurchase authorization represents a disciplined, proactive approach to capital management and reflects our confidence in the long‑term value of the Company,” noted Keith Hill, First Farmers Financial Corp’s CEO. “We remain committed to delivering shareholder value through prudent balance sheet management and consistent financial performance.”

First Farmers Financial Corp is a $3.4 billion financial holding company headquartered in Converse, Indiana.  First Farmers Bank & Trust has offices throughout Boone, Carroll, Cass, Clay, Grant, Hamilton, Howard, Huntington, Madison, Marshall, Miami, Starke, Sullivan, Tippecanoe, Tipton, Vigo and Wabash counties in Indiana and offices in Coles, Edgar and Vermilion counties in Illinois.  As of February 13, 2026, the Corporation had 6,946,234 common shares outstanding.

, /PRNewswire/ -- The Law Offices of Frank R. Cruz announces that investors with losses related to Ardent Health, Inc. ("Ardent" or the "Company") (NYSE: ARDT) have opportunity to lead the securities fraud class action lawsuit.

IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN ARDENT HEALTH, INC. (ARDT), CLICK HERE BEFORE MARCH 9, 2026 (THE LEAD PLAINTIFF DEADLINE) TO PARTICIPATE IN THE ONGOING SECURITIES FRAUD LAWSUIT.

What Is The Lawsuit About?
The complaint filed alleges that, between July 18, 2024 and November 12, 2025, Defendants failed to disclose to investors that: (1) Ardent did not primarily rely on "detailed reviews of historical collections" in determining collectability of accounts receivable nor did "management determine . . . [when an] account is uncollectible."; (2) the Company's accounts receivable framework "utilized a 180-day cliff at which time an account became fully reserved," which allowed Ardent to report higher amounts of accounts receivable during the Class Period, and delay recognizing losses on uncollectable accounts; (3) Ardent did not maintain professional malpractice liability insurance in amounts "sufficient to cover claims arising out of [its] operations"; (4) Ardent's professional liability reserves were insufficient to cover "significant social inflationary pressure in medical malpractice cases the past several years," which had been an "increasing dynamic year-over-year" in the Company's New Mexico market; and (5) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.

Contact Us To Participate or Learn More: 
If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us.
The Law Offices of Frank R. Cruz,
Email us at: [email protected]
Call us at: 310-914-5007
Visit our website at: www.frankcruzlaw.com
Follow us for updates on Twitter: twitter.com/FRC_LAW.

If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.

To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

SOURCE The Law Offices of Frank R. Cruz, Los Angeles

Werner Enterprises, Inc. (WERN) Presents at Citi's Global Industrial Tech & Mobility Conference 2026 Transcript

Zeta Global Holdings Corp. is a Strong Buy ahead of Q4 earnings, with shares undervalued after an unjustified selloff. ZETA's hybrid, usage-based monetization model and AI-powered platform differentiate it from traditional SaaS peers facing AI disruption risks. Management's Q4 guidance and historical dual-beat record suggest Wall Street's revenue and EPS forecasts are overly conservative.

U.S. Senator Risch, Micron and Community Leaders Celebrate New Lam Office; Lam Builds on Three Decades in the 'City of Trees'

, /PRNewswire/ -- In a ribbon-cutting ceremony today, Lam Research Corp. (NASDAQ: LRCX) commemorated the opening of its new office in Boise, Idaho, joined by U.S. Senator Jim Risch, representatives of Micron Technology, Inc. and other distinguished local government, community, and academic leaders. The new office will initially support approximately 150 Lam personnel from the greater Boise area focused on collaborative research, development and high-volume manufacturing of Micron's leading-edge memory technology, with room for future growth. 

Neil Fernandes, senior vice president of Global Customer Operations for Lam Research, is joined by U.S. Senator Jim Risch; John Whitman, corporate vice president of central engineering and procurement at Micron; and local government, community, and academic leaders at a ribbon-cutting ceremony at Lam's new Boise office. "Lam's expansion in Idaho provides critical infrastructure near one of our largest customers and enables us to accelerate our operations in America's leading hub for world-class memory chip manufacturing," said Neil Fernandes, senior vice president of Global Customer Operations for Lam Research, who cut the ribbon at today's ceremony. "As we celebrate our new office, we also demonstrate our commitment to our talented employees, the City of Trees community, and Micron to drive breakthroughs to enable the next generation of advanced memory chips."

Found in state-of-the-art fabs across the U.S. and around the globe, Lam's innovative manufacturing equipment and processes are used to create nearly every advanced chip in the world. Building on Lam's more than 30 years in Boise, the new 9,200 sq. ft. office is the company's latest U.S. expansion and part of a multi-year strategy to increase the company's operational and innovation velocity to support chipmakers enabling the artificial intelligence (AI) era.

Among Lam's customers is Boise-headquartered Micron, who recently awarded Lam as Outstanding Front End Equipment Supplier of the Year in 2025.

"Micron's memory manufacturing operations in Boise—along with our planned expansions—are essential to strengthening America's technology leadership," said John Whitman, corporate vice president of central engineering and procurement at Micron. "The advanced deposition and etch tools from Lam Research installed in our state-of-the-art fabs allow us to produce high performance, high-capacity memory chips with extraordinary precision at the atomic scale. We are grateful for Lam's longstanding partnership and congratulate them on their new office. We look forward to continuing to grow together as we drive U.S. semiconductor manufacturing."

"A strong supply of American-made semiconductors is critical to strengthening our economy and bolstering U.S. national security. Lam Research's new Boise office and fabrication equipment further solidify Idaho's strong leadership in semiconductor manufacturing. Continued investment in the Treasure Valley will not only support job creation but also benefit the Gem State's economy and cutting-edge work in technological advancement," said Senator Jim Risch. 

Craig Quarterman, district director for U.S. Congressman Mike Simpson, was also in attendance at the event. Additional speakers included Sandy Anderson of the Boise Metro Chamber of Commerce, Dr. Nancy Glenn, vice president of research and economic development at Boise State University, and Laura Honn, director of revenue and outreach for Women's and Children's Alliance, representing two of the many academic institutions, associations, and organizations with whom Lam works closely to foster future talent and support community resilience in Idaho.

Lam's state-of-the-art manufacturing equipment brings together diverse disciplines such as plasma physics, materials science, advanced robotics, and artificial intelligence to create semiconductor fabrication solutions that deliver both nanoscale-level precision and excellent production economics. These solutions are used to create smaller, taller, higher performance chips for smartphones, automotive, AI and data centers. Lam also provides a growing portfolio of advanced services and solutions to lead the industry's transition to the autonomous fab of the future, including Semiverse® Solutions virtualization software, Equipment Intelligence® technology and Dextro™ collaborative robots.

Additional Media Resources:

Read the Lam blog Find related images in the Lam media center About Lam Research 
Lam Research Corporation is a global supplier of innovative wafer fabrication equipment and services to the semiconductor industry. Lam's equipment and services allow customers to build smaller and better-performing devices. In fact, today, nearly every advanced chip is built with Lam technology. We combine superior systems engineering, technology leadership, and a strong values-based culture, with an unwavering commitment to our customers. Lam Research (Nasdaq: LRCX) is a FORTUNE 500® company headquartered in Fremont, Calif., with operations around the globe. Learn more at www.lamresearch.com. 

Caution Regarding Forward-Looking Statements 

Statements made in this press release that are not of historical fact are forward-looking statements and are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relate to, but are not limited to, market, industry and industry segment expectations, and our investment and expansion plans. Some factors that may affect these forward-looking statements include: business, economic, political and/or regulatory conditions in the consumer electronics industry, the semiconductor industry and the overall economy may deteriorate or change; the actions of our customers and competitors may be inconsistent with our expectations; trade regulations, export controls, tariffs, trade disputes, and other geopolitical tensions may inhibit our ability to sell our products; supply chain cost increases, tariffs and other inflationary pressures have impacted and may continue to impact our profitability; supply chain disruptions or manufacturing capacity constraints may limit our ability to manufacture and sell our products; and natural and human-caused disasters, disease outbreaks, war, terrorism, political or governmental unrest or instability, or other events beyond our control may impact our operations and revenue in affected areas; as well as the other risks and uncertainties that are described in the documents filed or furnished by us with the Securities and Exchange Commission, including specifically the Risk Factors described in our annual report on Form 10-K for the fiscal year ended June 29, 2025 and quarterly report on Form 10-Q for the fiscal quarter ended December 28, 2025. These uncertainties and changes could materially affect the forward-looking statements and cause actual results to vary from expectations in a material way. The Company undertakes no obligation to update the information or statements made in this press release.

Company Contacts:

Laura Bakken
Media Relations
(510) 572-9021
[email protected]

Ram Ganesh
Investor Relations
(510) 572-1615
[email protected]

Source: Lam Research Corporation, (Nasdaq: LRCX)

SOURCE Lam Research Corporation

Consumer staples sector shows mixed value and quality scores, with beverages notably undervalued and tobacco weakest on both metrics. Equal-weighted ETF RSPS offers better valuation ratios and diversification than XLP, but has slightly lagged in long-term return. Three stocks cheaper than their peers in February.

Strategic Partnership: Creatd expanded Fly Flyte’s investor network by adding NYSE-listed VTAK as an investor in its subsidiary. Portfolio Expansion: Creatd continues advancing its portfolio strategy through multiple active acquisition discussions. Innovation in Aviation: Fly Flyte, Inc. is transforming regional aviation through accessibility, convenience, and technology-driven operations. New York, NY, Feb. 17, 2026, – PRISM MediaWire (Press Release Service – Press Release Distribution) – Creatd, Inc. (OTCQB: CRTD) announced that Catheter Precision, Inc. (NYSE American: VTAK) has acquired a 20% equity interest in Fly Flyte, Inc., its subsidiary, through a secondary purchase from an existing shareholder. The transaction aligns with Creatd’s strategy of nurturing technology-enabled subsidiaries with scalable infrastructure and long-term value creation potential while maintaining Fly Flyte’s operational independence and strategic focus. Creatd welcomes VTAK as a partner in Flyte’s continued growth and success.

“Creatd is committed to building a portfolio of operating companies in the small-cap space. We see an opportunity to address the white space created by the contraction of middle markets over the last two decades. By integrating capabilities from banking, investing, advisory, branding, investor relations, financial analysis, and operational leverage, we can build a foundation of interlinked services to support growth-driven companies and provide pathways for them to scale or transition to listed entities.”

Jeremy Frommer, CEO of Creatd, Inc. Fly Flyte is operational today, providing AI-enabled regional aviation services designed to increase accessibility and convenience. The company leverages certified aircraft, established routes, and scalable infrastructure to deliver real-time revenue while positioning for long-term expansion.

About Creatd:

Creatd, Inc. (OTC: CRTD) acquires and grows technology-driven companies in aviation, media, and advisory services. Through its shared services model, Creatd enables its portfolio companies to scale efficiently, improve margins, and expand market reach. For more information, visit www.creatd.com.

Contact:

[email protected]

Forward-Looking Statements:

This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements include all statements, other than statements of historical fact, regarding our current views and assumptions with respect to future events regarding our business and our expectations with respect to the completion of the offering, the satisfaction of customary closing conditions related to the offering and the additional closings, the anticipated use of proceeds therefrom, and other statements that are predictive in nature. These statements can be identified often, but not always, through the use of words or phrases such as “will likely result,” “are expected to,” “will continue,” “is anticipated,” “estimated,” “intends,” “plans,” “believes” and “projects,” and may involve estimates and uncertainties which could cause actual results to differ materially from those expressed in the forward-looking statements. We caution that the factors described herein could cause actual results to differ materially from those expressed in any forward-looking statements we make and that investors should not place undue reliance on any such forward-looking statements. Further, any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of anticipated or unanticipated events or circumstances. New factors emerge from time to time, and it is not possible for us to predict all of such factors. Such factors and risks include, among others, market and other risks, that the additional closings after today may not occur if certain closing conditions are not met, and that there can be no assurance that the Company will successfully uplist to a national securities exchange. Further, we cannot assess the impact of each such factor on our results of operations or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. This press release contains forward-looking statements and is qualified in its entirety by, and should be read together with, the cautionary statements, risk factors and other disclosures contained in the Company’s filings with the SEC and OTC Markets.

Source: Creatd, Inc.

The latest news and updates relating to $CRDT are available in the company’s newsroom at: https://tinyurl.com/crtdnewsroom

PMW on Newsramp: https://newsramp.com/newswire/prism

Bank of America Securities analyst Vivek Arya has raised his 2030 outlook for AI data-center systems, driven by a stronger-than-expected 2026 cloud capex plan and clearer supply expectations.

Ralliant Corporation (RAL) Citi's Global Industrial Tech & Mobility Conference 2026 February 17, 2026 11:20 AM EST

Company Participants

Tamara Newcombe - President, CEO & Director
Neill Reynolds - Senior VP & CFO

Conference Call Participants

Piyush Avasthy - Citigroup Inc., Research Division

Presentation

Piyush Avasthy
Citigroup Inc., Research Division

Thank you, everyone. We are really excited to be up here with Ralliant. We have President and CEO, Tami Newcombe and CFO, Neill Reynolds. I think, Tami, you have some opening remarks, and then we'll get into Q&A.

Tamara Newcombe
President, CEO & Director

Yes. Thanks for having us, Piyush. Thanks for everybody here in person and those that are joining us virtually. It's a pivotal time to be a part of Ralliant. We've just completed our first 2 quarters as an independent publicly traded company and starting our first full year. It was a year ago. It's been interesting being here today because a year ago, I was at this conference. And if I think back to a year ago, we were planning to spin at the end of the year. And to realize we did that 2 quarters early is really quite an accomplishment for the team.

I also think about we are really pragmatic about ensuring that the presidents in our operating businesses stay focused on our customers. And we're removed from any of the noise about standing up the public company. And they focus on customers, they focus on new product innovation. They were focused on growth because that was one of our thesis that we could grow these businesses faster. And as we come into 2026, we look at our guide for Q1, and that guide is a 5% to 8% growth on businesses that had traditionally been growing 3% and both segments growing. So Test & Measurement back to growth. And what I say to the team is, and

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz reminds investors of the upcoming February 20, 2026 deadline to participate as a lead plaintiff in the securities fraud class action lawsuit filed on behalf of investors who acquired Klarna Group plc (“Klarna” or the “Company”) (NYSE: KLAR) securities pursuant and/or traceable to the registration statement and related prospectus issued in connection with the Company’s September 2025 initial public offering (the “IPO”).

IF YOU ARE AN INVESTOR WHO LOST MONEY ON KLARNA GROUP PLC (KLAR), CLICK HERE TO PARTICIPATE IN THE SECURITIES FRAUD LAWSUIT.

What Happened?

On September 10, 2025, Klarna conducted its IPO, selling 34.3 million shares at $40 per share.

Then, on November 18, 2025, Klarna released its third quarter 2025 financial results, revealing that its provision for credit losses spiked by 39% due to “changes in . . . market and product mix,” and, “in particular an increased share of the U.S. market in [its] GMV [Gross Merchandise Volume].”

On this news, Klarna’s stock price fell $3.25, or 9.3%, to close at $31.63 per share on November 18, 2025, thereby injuring investors.

Since the IPO, the Company’s share price has fallen substantially below its IPO price, further injuring investors.

What Is the Lawsuit About?

The complaint filed in this class action alleges that Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) Defendants materially understated the risk that its loss reserves would materially go up within a few months of the IPO, which they either knew of or should have known of given the risk profile of many individuals agreeing to Klarna’s buy now, pay later (BNPL) loans; and (2) as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.

If you purchased or otherwise acquired Klarna securities pursuant and/or traceable to the IPO, the deadline to seek appointment as the lead plaintiff in the securities fraud class action is February 20, 2026.

Contact Us to Participate or Learn More:

If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact us:

Frank R. Cruz
The Law Offices of Frank R. Cruz
2121 Avenue of the Stars, Suite 800
Century City, California 90067
Email us at: [email protected]
Call us at: 310-914-5007
Visit our website at www.frankcruzlaw.com
Follow us for updates on Twitter: twitter.com/FRC_LAW

If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.

To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

More News From Law Offices of Frank R. Cruz

SAN DIEGO, Feb. 17, 2026 (GLOBE NEWSWIRE) -- Robbins LLP reminds stockholders that a class action was filed on behalf of all investors who purchased or otherwise acquired agilon health, inc. (NYSE: AGL) securities between February 26, 2025 and August 4, 2025. Agilon describes itself as the "trusted partner empowering physicians to transform health care in our communities."

For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003.

What are the allegations? Robbins LLP is Investigating Allegations that Agilon Health, Inc. (AGL) Misled Investors Regarding its Business Prospects

According to the complaint, defendants failed to disclose that they recklessly issued guidance for 2025 that they knew or should have known was not going to be achieved, given material industry headwinds of which they were aware, and materially overstated the immediate positive financial impact from “strategic actions” taken by agilon to reduce risk.

On August 4, 2025, agilon issued a press release announcing that Steven Sell had stepped down as President, CEO and a Director of the Board. Plaintiff alleges that the Company's form 8-K filed with the SEC stated that "Mr. Sell's departure was a termination without 'cause' under Mr. Sell's employment agreement[.]" The complaint further alleges that on August 4, 2025, agilon issued disappointing financial results. On this news, the price of the Company's stock fell over 50%, to close at $0.8801 on August 5, 2025.

What can you do now? You may be eligible to participate in the class action against agilon health, inc. Shareholders who wish to serve as lead plaintiff for the class must submit their papers to the court by March 2, 2026. The lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. You do not have to participate in the case to be eligible for a recovery. If you choose to take no action, you can remain an absent class member. For more information, click here.

All representation is on a contingency fee basis. Shareholders pay no fees or expenses.

About Robbins LLP: A recognized leader in shareholder rights litigation, the attorneys and staff of Robbins LLP have been dedicated to helping shareholders recover losses, improve corporate governance structures, and hold company executives accountable for their wrongdoing since 2002.

To be notified if a class action against agilon health, inc. settles or to receive free alerts when corporate executives engage in wrongdoing, sign up for Stock Watch today.

Attorney Advertising. Past results do not guarantee a similar outcome.

-

PLANTATION, Fla.--(BUSINESS WIRE)--Chewy, Inc. (NYSE: CHWY) (“Chewy”), a trusted destination for pet parents and partners everywhere, announced today that Sumit Singh, Chief Executive Officer, will participate in a fireside chat at the Morgan Stanley Technology, Media & Telecom Conference on March 2, 2026 at 4:50 PM PT.

A live audio webcast can be accessed on the company’s investor relations website at https://investor.chewy.com and a replay will be accessible for 90 days following the event.

About Chewy

Our mission is to be the most trusted and convenient destination for pet parents and partners everywhere. We believe that we are the preeminent online source for pet products, supplies and prescriptions as a result of our broad selection of high-quality products and services, which we offer at competitive prices and deliver with an exceptional level of care and a personal touch to build brand loyalty and drive repeat purchasing. We seek to continually develop innovative ways for our customers to engage with us, as our websites and mobile applications allow our pet parents to manage their pets’ health, wellness, and merchandise needs, while enabling them to conveniently shop for our products. We partner with approximately 3,200 of the best and most trusted brands in the pet industry, and we create and offer our own private brands. Through our websites and mobile applications, we offer our customers approximately 130,000 products and services offerings, to bring what we believe is a high-bar, customer-centric experience to our customers.

More News From Chewy

Back to Newsroom

Vulcan Materials Company (VMC) Q4 2025 Earnings Call February 17, 2026 10:00 AM EST

Company Participants

Mark Warren - Vice President of Investor Relations
Ronnie Pruitt - CEO & Director
Mary Carlisle - Senior VP & CFO

Conference Call Participants

Trey Grooms - Stephens Inc., Research Division
Patrick Brown - Raymond James & Associates, Inc., Research Division
Asher Sohnen - Citigroup Inc., Research Division
Kathryn Thompson - Thompson Research Group, LLC
Angel Castillo Malpica - Morgan Stanley, Research Division
Michael Dudas - Vertical Research Partners, LLC
Timna Tanners - Wells Fargo Securities, LLC, Research Division
Garik Shmois - Loop Capital Markets LLC, Research Division
Adam Thalhimer - Thompson, Davis & Company, Inc., Research Division
David S. MacGregor - Longbow Research LLC
Steven Fisher - UBS Investment Bank, Research Division
Ivan Yi - Wolfe Research, LLC
Brian Brophy - Stifel, Nicolaus & Company, Incorporated, Research Division

Presentation

Operator

Good morning. Welcome, everyone, to the Vulcan Materials Company Fourth Quarter 2025 Earnings Call. My name is Angela, and I will be your conference call coordinator today. Please be reminded that today's call is being recorded and will be available for replay later today at the company's website. [Operator Instructions]

Now I will turn the call over to your host, Mr. Mark Warren, Vice President of Investor Relations for Vulcan Materials. Mr. Warren, you may begin.

Mark Warren
Vice President of Investor Relations

Thank you, operator. With me today are Ronnie Pruitt, Chief Executive Officer; and Mary Andrews Carlisle, Senior Vice President and Chief Financial Officer. Today's call is accompanied by a press release and a supplemental presentation posted to our website, vulcanmaterials.com.

Please be reminded that today's discussion may include forward-looking statements, which are subject to risks and uncertainties. These risks, along with other legal disclaimers, are described in detail in the company's earnings release and in other filings with the Securities and Exchange Commission. Reconciliations of non-GAAP financial