Overview
- The board increased the quarterly cash dividend to $0.76 per share, payable May 22, 2026.
- For 2026, the company guided to net revenue growth of 2.7% to 6.7% and reiterated long‑term targets for mid‑ to high‑single‑digit sales growth with mid‑ to high‑teens operating margins.
- Q4 results topped estimates, with gross margin at 46.9% versus 45.8% expected and EPS of $3.04 versus $2.90 forecast.
- FY2025 cash generation remained strong with roughly $1 billion in cash and $1.3 billion in operating cash flow, funding nearly $1.2 billion returned to shareholders through $854 million in buybacks and $316 million in dividends.
- Analysts were broadly constructive as RBC lifted its price target to $214 and kept Outperform and TD Cowen maintained Buy with a $225 target, while tariff costs of about $80 million were flagged as a near‑term headwind.