Carter's Inc (CRI) Q4 2025 Earnings Call Transcript
Carter's Inc. reported flat Q3 net sales of $758 million but saw adjusted operating income plunge to $39 million as tariffs pushed effective duty rates into the high‑30% range, adding $200‑250 million of pre‑mitigation costs. The company announced a strategic rightsizing plan that includes closing 150 North American stores by 2026 and cutting 15% of office roles to generate $45 million in annual savings. A new $750 million asset‑based loan was secured to replace the existing credit facility maturing in 2027, while international sales grew double‑digits and wholesale lagged due to Simple Joys pressures. No full‑year guidance was provided because of tariff uncertainty.
Gogo Inc (GOGO) Q4 2025 Earnings Call Transcript
Gogoro Inc. reported a record adjusted EBITDA of $59.9 million for 2025, driven by sharp margin expansion and a three‑fold rise in operating cash flow. Revenue fell 9.4% to $281.5 million as hardware sales softened, while battery‑swapping revenue grew 8.1% to $149 million...
Delek Logistics Partners LP (DKL) Q4 2025 Earnings Call Transcript
MPLX reported Q4 2025 adjusted EBITDA of $1.8 billion, a 2% year‑over‑year increase, and a full‑year adjusted EBITDA exceeding $7 billion, reflecting a 6.7% three‑year CAGR. The company raised its quarterly distribution by 12.5%, returning $4.4 billion to unitholders in 2025. A $2.4 billion...
PSEG Adds $1.5B to Five-Year Spending Plan
Public Service Enterprise Group (PSEG) lifted its five‑year regulated capital spending plan by $1.5 billion, targeting $22.5‑$25.5 billion through 2030. The company also raised its adjusted earnings growth outlook to 6‑8% from the prior 5‑7% range. The additional capex is aimed at...
Moderate Credit Growth Expected in 2026 as Lending Normalizes : Analysis
TransUnion projects moderate credit growth for 2026, with mortgage originations rising 4.0% and unsecured personal loans expanding 11.2%. Credit‑card originations are slated for a modest 2.0% increase, while auto‑loan originations may dip 1.5%. The outlook emphasizes disciplined underwriting supported by...
State Farm Inked $1.5B Underwriting Profit for 2025; HO Loss Persists
State Farm posted a $1.5 billion underwriting gain for its property‑casualty segment in 2025, reversing a $6 billion loss in 2024 and over $10 billion losses in the two preceding years. The turnaround was driven by a near‑$5 billion auto underwriting profit, with earned...
The Accountant-to-CFO Pipeline in Action
Lucas Zettle, after a five‑year rise at Webtrends, returned to Aldrich as CFO, leveraging long‑standing relationships built during his early career. He emphasizes that finance teams should prioritize process and clear SOPs before deploying new technology. Zettle tracks days‑to‑close and...
IRS Sent $447.8M in RRC Payments to Ineligible Taxpayers
The Treasury Inspector General for Tax Administration reported that the IRS mistakenly issued $447.8 million in Recovery Rebate Credit (RRC) payments to 300,843 ineligible taxpayers, many of whom were non‑resident aliens or received duplicate advances. The erroneous disbursements represent roughly 25 %...
AICPA Requests Guidance for Itemized Deductions and Trump Accounts
The American Institute of CPAs has formally asked the Treasury and IRS for detailed guidance on reporting requirements introduced by the H.R. 1 legislation. The request centers on Section 68’s limitation on itemized deductions for high‑income individuals, estates and trusts, and on...
Block Swaps 4,000 Workers for AI
Block, the fintech firm behind Cash App, Square and Afterpay, announced a 40% workforce reduction, cutting roughly 4,000 jobs and shrinking headcount from 10,000 to just over 6,000. CEO Jack Dorsey said the move is driven by rapid advances in...
Private Equity’s Expanding Playbook: Accounting and Consulting Firms
Private equity firms are increasingly targeting the fragmented accounting and consulting sector, where tens of thousands of CPA practices present a ripe consolidation landscape. Investors aim to roll up these firms into national platforms that can leverage scale, technology, and...
Exclusive: Lawmakers Introduce Bipartisan FHLB Bond Bill
Senators Catherine Cortez Masto (D‑NV) and Todd Young (R‑IN) introduced the Municipal Investment and Neighborhood Transformation (MINT) Act, restoring a 2008 authority that lets Federal Home Loan Bank (FHLB) members issue tax‑exempt bonds for community‑development projects. The bill expands the...
GAO Says Tax Pros Helped Shape IRS Response to ERC Issues
The Government Accountability Office reported that tax practitioners shaped the IRS's response to the Employee Retention Credit (ERC), prompting a two‑part voluntary disclosure program, an updated eligibility‑tool website, and new professional‑responsibility guidance. The IRS says it has closed nearly five...
Bloomberg Extends Financial Data to $25B Tokenized Markets via Kaiko
Bloomberg is partnering with Kaiko to embed the newswire’s licensed financial data directly onto blockchain platforms, tackling the fragmented information problem in tokenized markets. The collaboration targets tokenized U.S. Treasury and repo products on the permissioned Canton Network, offering a...
BlackSky’s Growth Contracts in 2025 for Second Year
BlackSky reported full‑year 2025 revenue of $106.6 million, a modest 4.4% increase year‑over‑year, marking a second consecutive slowdown after 8% growth in 2024 and 45% in 2023. The company’s net loss widened to $70.3 million, but its backlog jumped 32% to $345 million,...
LPs Highlight Red Flags Around Retail Capital Flowing Into Traditional PE
Retail investors are pouring unprecedented amounts of private wealth into traditional private‑equity funds, accelerating a shift that once belonged to institutional limited partners. This surge, driven by fintech platforms and low‑minimum‑investment products, has prompted seasoned LPs to flag potential red‑flags....
Austin OKs $1.4 Billion of Bonds for Airport Expansion
City Council approved up to $1.4 billion in revenue bonds to fund Austin‑Bergstrom International Airport’s expansion. The bond issuance includes a $1.05 billion Series B tranche subject to the alternative minimum tax and a $350 million non‑AMT Series A tranche, targeting roughly 75% of a...
Butterfly Equity Changes Control After Partner Dispute
Butterfly Equity, a private‑equity manager with roughly $7 billion in assets under management, has undergone a control shift following an internal partner dispute. Co‑founder Adam Waglay has emerged as the sole decision‑maker, consolidating ownership previously shared among partners. The restructuring resolves...
Nel ASA Stock Turns Positive After Weak Figures: Revenue Declines - Losses Widen - Order Intake Rises Significantly
Nel ASA posted a steep revenue decline in Q4 and the full‑year 2025, with Q4 revenue down 21% YoY to NOK 330 million and full‑year revenue falling 31% to NOK 963 million. Net losses widened dramatically, driven by a NOK 799 million impairment charge that pushed...
Puerto Rico Port Concessionaire Bond Outlook Lowered by S&P
S&P Global Ratings lowered the outlook on San Juan Cruise Port LLC's senior debt to negative, keeping the BBB‑minus rating but flagging heightened risk. The downgrade affects about $160.3 million of bonds issued by AFICA, which are not guaranteed by the...
New Income Tax Regime: Monthly TDS Returns, HRA Tax Rule Recast on Wish List
The Indian government is preparing to shift Tax Deducted at Source (TDS) filing from a quarterly to a monthly cadence as part of the new income‑tax regime slated for April 1. A parallel proposal seeks to overhaul house‑rent allowance (HRA) exemptions,...
FC Bayern Moves to SAP Cloud ERP Private to Advance Clean Core Strategy
FC Bayern has migrated its core IT landscape to SAP Cloud ERP Private, consolidating over 9.5 million fan and member records and more than 25,000 product master data entries into a single cloud system. The move supports a clean‑core architecture...
CFO Corner: Nicola Perin, OVS
CFO Nicola Perin credits a solid administrative foundation for OVS’s growth, highlighted by the 2014 spin‑off of OVS‑Upim that paved the way for a public listing. He later led Italy’s first sustainability‑linked bond, raising €160 million at a 2.25% fixed rate...
GP-Led Credit Market Explores Different Deal and Return Opportunities as Growth Continues – NEXUS
The GP‑led credit secondary market is experiencing sustained growth as investors pursue more flexible deal structures and higher return potential. Industry leaders, such as Olga Kosters of Antares, emphasize that the ability to cherry‑pick assets and maintain strong GP‑investor alignment...
Liberty Launches Lender Collateral Insurance Program
Liberty Co. Insurance Brokers announced the launch of Liberty Collateral Protection, a new collateral protection facility aimed at lenders and loan servicers with large, multi‑state portfolios. The offering blends lender‑placed insurance, real‑estate‑owned (REO) coverage, and collateral protection insurance with centralized...
S&P Downgrades REIT, Citing $2B Of Upcoming Debt Maturities
S&P Global downgraded Service Properties Trust (SVC) to B‑ from B, citing $2 billion of debt maturing over the next two years. Roughly 40% of the REIT's capital structure faces imminent repayment, raising liquidity and covenant concerns. The company sold 112...
Papa Johns Announces 300 Store Closures and 7% Corporate Layoffs
Papa John’s announced a sweeping cost‑savings program that includes closing 300 under‑performing restaurants—200 of them this year—and laying off 7% of its corporate workforce. The plan aims to generate at least $25 million in savings through 2027, with $13 million expected in...
Fitch: Default Events in January Double Last Year’s Average
Fitch reported that private credit defaults surged in January, with 11 events—double the average monthly defaults recorded last year. Over the trailing twelve‑month period the sector logged 89 defaults, highlighting an accelerating distress trend. The uptick reflects tightening credit conditions...
Act Now to Battle Data Exfiltration
Accounting firms are facing a surge in data‑exfiltration attacks, where cybercriminals silently steal sensitive financial records to extort victims or sell the data. Traditional detection tools often miss covert channels, encrypted uploads, and traffic mimicry, leaving firms vulnerable. The average...
Medtech M&A Starts Off Strong in 2026
Medtech M&A kicks off 2026 with several multibillion‑dollar deals. Boston Scientific announced a $14.5 billion acquisition of Penumbra, while Danaher disclosed a $9.9 billion purchase of Masimo. At the same time, major divestitures are underway, including BD’s planned $17.5 billion sale of its...
From Sweepers to Engineers: Telangana’s Salaries Consume 45% of Revenue
Telangana’s wage and pension outlay has ballooned to nearly Rs 6,000 crore a month, consuming about 45 percent of the state’s revenue. Senior engineers in power utilities now earn up to Rs 7 lakh per month, while senior municipal sweepers can draw close to Rs 2 lakh....
Transparency Data: Government Major Projects Portfolio – Accounting Officer Assessments Ministry of Justice
The Ministry of Justice (MOJ) has released a comprehensive set of accounting officer assessments for its programmes and projects within the Government Major Projects Portfolio (GMPP). The page lists more than 70 documents, ranging from prison construction and houseblock expansions...
IRS Creates Tax Scam Reporting Web Page
The Internal Revenue Service unveiled a new, centralized web page (IRS.gov/SubmitATip) that lets taxpayers confidentially report tax fraud, scams, and evasion. By consolidating multiple reporting channels into a single "Report Fraud" button, the agency aims to simplify submissions and improve...
Onslow Bay Prepares to Sell $452.7 Million in ABS From HELOCs
Onslow Bay Financial is preparing a $452.7 million asset‑backed securities offering backed by a pool of 1,952 home‑equity lines of credit. The ABS will be issued in eight tranches under the OBX 2026‑HE1 Trust, benchmarked to SOFR and maturing in February 2056. The...
Debit Card Fraud Losses Rise
A Kansas City Federal Reserve Bank analysis shows debit card fraud loss rates rose between 2021 and 2023, driven primarily by card‑not‑present transactions. While online fraud increased, in‑person fraud declined on dual‑message networks but grew on single‑message networks. The report...
Why Your Exporter Clients Need to Hear About IC-DISC Right Now
The U.S. Supreme Court’s recent decision limiting presidential tariff authority under the IEEPA has heightened uncertainty for exporters facing new duties. In this environment, the Interest‑Charge Domestic International Sales Corporation (IC‑DISC) offers a tax‑saving mechanism that converts export earnings into...
Fiserv Appoints New Executives
Fiserv announced three senior hires this month: Lia Cao as chief revenue officer for enterprise and platforms, Robert Clarkson as chief revenue officer for small‑business and Clover POS, and Adit Gadgil as global head of business development. All three are...
Dia Makes Impressive Comeback in Spain
Grupo Dia posted a profit in 2025 after seven consecutive loss‑making years, reporting €5.8 billion in total turnover, a 3.5% increase. In Spain, sales rose 8% to €4.6 billion, driven by a 7.4% rise in comparable turnover and the opening of 94...
SHINE Raises $240 Million in Funding to Advance Commercial Fusion Technology
SHINE Technologies announced a $240 million equity raise led by NantWorks, bringing its total funding above $1 billion. The round adds Dr. Patrick Soon‑Shiong to the board, linking the fusion firm with a serial biotech entrepreneur. SHINE will use the capital to...
Resolv and Centrifuge Launch $100 Million Tokenized Credit Strategy on Aave
Centrifuge and Resolv are deploying up to $100 million of JAAA, a tokenized AAA‑rated credit fund, as leveraged collateral on Aave Horizon, creating the largest real‑world asset loop in DeFi to date. Resolv will lock JAAA to generate yield for its...
Boomer's Blueprint: Mind the Gap: Change, Talent, and the CPA Future
Boomer Consulting warns that the accounting profession faces a widening transformation gap between firms that evolve and those that remain static. Leadership must address talent alignment, business‑model redesign, and technology as a unified front to stay relevant. Automation is removing...
SA Express Wind-Up Nears End, Brand Value $10k
South African Express, the state‑owned carrier, is set to complete its liquidation by April 2026, six years after entering provisional liquidation. The liquidators have recovered movable assets, tax refunds and interest, leaving a free residue of roughly ZAR 3.7 million for distribution....
Ryan Reynolds and Former Costco CFO Richard Galanti to Headline AICPA ENGAGE 2026
AICPA ENGAGE 2026 will feature a high‑profile keynote conversation between actor‑entrepreneur Ryan Reynolds and former Costco CFO Richard Galanti. The event, marking ENGAGE’s 10th anniversary, runs June 8–11 at the Aria Resort & Casino in Las Vegas under the theme “the next wave.” Their dialogue...
BlackRock Appoints Citi to Provide Select ETF Middle Office Services on Aladdin
BlackRock has appointed Citi Investor Services to handle select middle‑office functions for roughly $4 trillion of U.S.-domiciled iShares ETFs on its Aladdin platform. The expanded role builds on a 2021 custodial mandate and aims to streamline the ETF order lifecycle, offering...
ACI Revenue up 13% and Other Digital Transactions News Briefs From 2/26/26
ACI Worldwide reported fourth‑quarter revenue of $253.2 million, a 13% year‑over‑year increase, pushing full‑year 2025 revenue just above $1 billion. NCR Voyix posted a 6% Q4 revenue rise to $720 million but saw full‑year revenue dip 4.6%, while turning a $201 million loss into...
Momentum Midstream Explores Sale That Could Fetch $5B
EnCap Flatrock Midstream is exploring a sale of its gas‑pipeline subsidiary Momentum Midstream for a price exceeding $5 billion. The private‑equity firm has engaged advisers and is gauging interest from rivals and other buy‑out funds. Momentum operates roughly 4,000 miles of...
Opinion: States Are Responding to the Accounting Crisis. Now, It’s the Profession’s Turn
State legislators are passing flexible CPA licensure bills, beginning with California Assembly Bill 1175 and New York Assembly Bill 7613, to accelerate the accounting talent pipeline. By 2026, Arizona, Florida, Maine, Maryland, Mississippi, Missouri and South Dakota are poised to follow suit, creating a...
Capital Plan Tests Nerves in Brasília
The Federal District government has introduced a bill to inject up to BRL 6 billion into BRB Banco de Brasília following the Master Bank fraud, allowing borrowing from the Credit Guarantee Fund or other lenders. The proposal also reduces the number of...
UK’s First Online Fintech Platform Launched to Help SMEs Manage Debt and Avoid Borrowing Pitfalls
Leeds‑based fintech Debeo has launched what it calls the UK’s first purpose‑built online platform to help small and medium‑sized enterprises (SMEs) understand and manage their debt. The service aggregates loans, overdrafts and asset‑finance agreements into a single, real‑time view, enabling...
MOSCOW BLOG: Russia as a Supermarket Dressed up as a Country
Russian Finance Minister Anton Siluanov announced a sweeping fiscal overhaul, lowering the oil‑price budget rule threshold by $1 each year for five years to shift revenue reliance from oil and gas to domestic consumption. The move follows a sharp drop...