Company Reports Q4 Revenue of $1.33B, Below Expectations

Reports Q4 revenue $1.33B, consensus $1.4B. CEO Will Schwartz commented, "We continue to see trends stabilizing across the majority of our businesses. Despite generally soft end-market demand, our fourth quarter sales and profits were in line with internal expectations. While 2025 proved to be a challenging year given market volatility, our team made meaningful progress navigating this environment and executing on our strategy. Our disciplined focus on cost controls and growth investments leaves us on stronger footing and well-positioned as conditions improve. After several years of headwinds, we continue to see markets normalizing and are cautiously optimistic on our business prospects in 2026. Our balanced portfolio enables us to drive shareholder value. To that point, we returned $515M to shareholders in 2025 and finished the year with more than $900M of cash and cash equivalents and $2.2B in total liquidity. We streamlined our cost structure with $60M in cost reduction initiatives and have approached our portfolio through a more strategic lens. We plan to strengthen our core businesses, introduce innovative value-added products, and drive above market growth."