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Avio S.p.A. 2025 Q4 – Results – Earnings Call Presentation (OTCMKTS:AVVSY) 2026-03-12

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

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CF) Rockets to New Highs as Geopolitical Tensions Drive Fertilizer Prices Higher

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CF Industries Holdings (NYSE: CF)

CF Industries Holdings, Inc. (NYSE: CF) shares exploded higher on March 12, 2026, building on the previous day’s massive rally and hitting fresh all-time highs as ongoing Middle East conflicts continued to squeeze global fertilizer supplies and boost nitrogen pricing.

CF Industries Holdings (NYSE: CF)
CF Industries Holdings (NYSE: CF)

CF closed the March 11 session at $120.13, surging $10.08 or 9.16% on volume of more than 6.3 million shares, far exceeding average daily levels. The stock opened at $113.32 and ranged from a low of $112.50 to a high of $120.50. Momentum carried strongly into March 12 trading, with shares opening around $128.02 and climbing as high as $130.59 intraday, trading up around 7-10% in early to mid-session activity depending on real-time quotes, pushing the market cap toward the mid-$20 billion range.

The explosive moves stem from heightened geopolitical risks in the Middle East, particularly involving Iran, a significant exporter of urea that represents about 10% of global supply. Disruptions to shipments amid escalating tensions have tightened the nitrogen fertilizer market, driving up prices for key products like urea and ammonia. North American producers like CF Industries, with access to abundant, low-cost natural gas feedstock, stand to benefit disproportionately as higher global prices improve margins without corresponding cost spikes.

Analysts highlighted the supply shock’s potential to sustain elevated nitrogen prices through at least the first half of 2026. Barclays recently raised its price target on CF to $120 from $100 while maintaining an Overweight rating, citing the conflict’s impact on fertilizer costs. Other observers noted CF’s outperformance relative to peers like Mosaic (MOS) and LSB Industries, with the stock gaining over 20% in recent weeks amid the turmoil.

The rally has propelled CF well above its prior 52-week high near $121.80, with year-to-date gains exceeding 50% from the low of $67.34. The stock’s beta remains moderate, but commodity sensitivity has amplified volatility in this environment.

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CF Industries, a leading global manufacturer of hydrogen and nitrogen products, derives the bulk of its revenue from agricultural fertilizers including ammonia, granular urea, urea ammonium nitrate (UAN), and ammonium nitrate. The company operates world-scale facilities primarily in North America, leveraging cost advantages from domestic natural gas to serve farmers amid rising global food security demands.

Beyond traditional fertilizers, CF has aggressively pursued decarbonization to position itself in the emerging clean energy landscape. Blue ammonia projects, carbon capture initiatives, and partnerships like the Blue Point joint venture aim to produce low-carbon ammonia for industrial uses, hydrogen economies, shipping fuel, and emissions reduction. Recent participation in events such as the BofA 2026 Global Agriculture Conference and upcoming presentations at the World Hydrogen & Carbon Americas 2026 conference underscore this strategic shift toward sustainable ammonia platforms.

The company’s latest financial results, reported February 18, 2026, for the fourth quarter and full year 2025, showed resilience. Full-year net earnings reached $1.46 billion, or about $8.97 per diluted share, with adjusted EBITDA of $2.89 billion. Fourth-quarter net earnings were $404 million, or $2.59 per diluted share—beating estimates—with adjusted EBITDA at $821 million on revenue of $1.87 billion, up 22.8% year-over-year and above expectations.

Management highlighted strong demand in core agricultural segments, higher realizations for ammonia and urea, and progress on clean energy efforts. The company returned significant capital to shareholders in 2025 through buybacks and dividends, completing programs and maintaining a quarterly payout with a forward yield around 1.5-1.8% at recent levels.

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Despite the near-term tailwinds from supply disruptions, challenges persist. Fertilizer markets are cyclical, influenced by energy costs, crop economics, weather patterns, and potential new global capacity additions. Some analysts remain cautious, with mixed ratings including holds and sells citing risks of price normalization post-geopolitical resolution or policy shifts affecting decarbonization incentives.

Upcoming catalysts include first-quarter 2026 earnings, slated for early May (around May 6), which will offer insights into spring planting demand, current nitrogen price trends, and updates on low-carbon projects. Operational issues, such as a temporary outage at the Yazoo City facility expected to impact EBITDA modestly through later quarters (with insurance offsets), are also on investors’ radar.

CF’s strong balance sheet, cash generation, and dual exposure to essential agriculture inputs and the energy transition have drawn renewed institutional interest, including recent stake increases by firms like Van ECK Associates.

As global fertilizer markets grapple with supply uncertainties and food production pressures mount, CF Industries exemplifies the intersection of commodity fundamentals and strategic adaptation. The current surge reflects acute supply fears, but long-term value hinges on executing clean ammonia ambitions amid volatile cycles.

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For investors, CF remains a high-conviction play on nitrogen’s indispensable role in global agriculture and the push toward sustainable energy solutions, though with inherent risks tied to geopolitics and market swings.

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Beginner’s Guide to Finding Professional Debridement Treatment in Your Area

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When dealing with chronic wounds, burns, or infected tissue, professional debridement treatment can be essential for proper healing. However, finding the right medical provider for this specialized procedure isn't always straightforward.

When dealing with chronic wounds, burns, or infected tissue, professional debridement treatment can be essential for proper healing. However, finding the right medical provider for this specialized procedure isn’t always straightforward.

This guide will walk you through everything you need to know about locating qualified debridement services in your local area and what to expect during your search.

Understanding What Debridement Treatment Involves

Debridement is a medical procedure that removes dead, damaged, or infected tissue from wounds to promote healing. Healthcare professionals use various methods including surgical, mechanical, enzymatic, or biological techniques depending on the wound’s severity and location.

This treatment is commonly needed for diabetic ulcers, pressure sores, burns, and surgical wounds that aren’t healing properly. Understanding the basics of debridement helps you communicate more effectively with potential providers and ask informed questions about their approach.

The procedure can range from simple office-based treatments to more complex surgical interventions requiring hospital facilities. Knowing which type you need will significantly narrow your search for the right medical professional.

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Types of Healthcare Providers Who Perform Debridement

Several types of medical professionals are qualified to perform debridement procedures. Wound care specialists have dedicated training in managing complex wounds and often work in specialized wound care centers. These facilities typically offer the most comprehensive debridement services.

General surgeons and plastic surgeons frequently perform surgical debridement, particularly for extensive wounds or those requiring reconstruction. Podiatrists specialize in foot and ankle debridement, making them ideal for diabetic foot ulcers and other lower extremity wounds.

Primary care physicians may handle simple debridement cases in their offices, while dermatologists often treat surface-level tissue removal. Understanding which specialist matches your specific needs will streamline your search process considerably.

Starting Your Search for Local Debridement Services

Begin by consulting your primary care physician for a referral, as they understand your medical history and can recommend appropriate specialists. Insurance companies also maintain provider directories that list in-network wound care specialists and surgeons who perform debridement.

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Hospital websites often feature physician finder tools where you can search by specialty and location. Many hospitals have dedicated wound care centers staffed by teams specifically trained in debridement and wound management.

When searching online for “debridement near me,” you’ll find various options, but verify credentials and read patient reviews carefully before making appointments. Local medical societies and professional organizations can also provide referrals to qualified practitioners in your area.

Questions to Ask Potential Providers

Once you’ve identified potential providers, prepare a list of important questions before scheduling consultations. Ask about their experience with your specific type of wound and how many debridement procedures they perform annually.

Inquire about which debridement methods they use and why they’d recommend a particular approach for your situation. Understanding their treatment philosophy helps ensure alignment with your preferences and comfort level.

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Don’t hesitate to ask about success rates, potential complications, and what the recovery process typically involves. Questions about costs, insurance coverage, and payment plans are equally important for planning purposes.

Evaluating Wound Care Centers and Clinics

When considering wound care centers, look for facilities accredited by recognized healthcare organizations. Accreditation indicates adherence to quality standards and best practices in wound management.

Visit the facility if possible to assess cleanliness, organization, and staff professionalism. The environment should feel welcoming yet maintain obvious medical hygiene standards.

Check whether the center offers comprehensive services including follow-up care, nutritional counseling, and patient education. Comprehensive care typically leads to better outcomes than facilities offering only basic debridement services.

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Insurance Coverage and Cost Considerations

Contact your insurance provider before scheduling any procedures to understand coverage details. Most insurance plans cover medically necessary debridement, but prior authorization may be required.

Ask providers about typical costs and whether they offer payment plans for out-of-pocket expenses. Some facilities have financial counselors who can help navigate insurance issues and explore assistance programs.

Understanding costs upfront prevents surprises and allows you to make informed decisions about your care. Don’t let financial concerns prevent you from asking detailed questions about billing and payment expectations.

Making Your Final Decision

After researching options and consulting with providers, trust your instincts about which professional makes you feel most comfortable. Effective wound care requires ongoing communication and trust between patient and provider.

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Consider practical factors like office location, appointment availability, and staff responsiveness. These elements significantly impact your overall treatment experience, especially if multiple visits are necessary.

Choose a provider who takes time to explain procedures, answers questions thoroughly, and demonstrates genuine concern for your wellbeing. The right match combines technical expertise with compassionate, patient-centered care that addresses your individual needs and concerns.

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(VIDEO) Iran’s Mojtaba Khamenei Issues Defiant First Statement as Supreme Leader

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Zayed International Airport Abu Dhabi International Airport

Tehran — Iran’s new Supreme Leader, Mojtaba Khamenei, issued his first public statement Thursday, vowing to maintain the closure of the Strait of Hormuz as leverage against enemies and warning that attacks on U.S. military bases in the region would continue, as the war with the United States and Israel entered its 13th day.

Mojtaba Khamenei
Mojtaba Khamenei

The statement, read aloud on state television rather than delivered in person by Khamenei himself, called for national unity in the face of aggression and praised Iran’s armed forces for preventing domination or division of the country. A photograph of the 56-year-old cleric appeared on screen during the broadcast, but questions lingered about his health and whereabouts following reports of injuries sustained in the opening strikes of the conflict.

In the remarks, attributed directly to Khamenei, he declared that the Strait of Hormuz—a critical global chokepoint for oil shipments—must remain closed as a “tool to pressure the enemy.” He demanded the immediate closure of all U.S. bases in the Middle East, threatening further attacks if they did not comply. Khamenei emphasized Iran’s desire for friendship with neighboring countries while insisting that operations would target only American installations.

“I assure everyone that we will not refrain from avenging the blood of your martyrs,” the statement said, according to translations by Reuters and other outlets. He referenced specific incidents, including the deaths of children in attacks, and pledged that enemies would “pay the price.” Khamenei also claimed he learned of his appointment as Supreme Leader via state television, underscoring the chaotic circumstances of his ascension.

The broadcast came amid intense speculation about Khamenei’s condition. Multiple reports, including from The New York Times citing Israeli and Iranian officials, indicated he suffered leg injuries—possibly including a fractured foot and face wounds—during the initial U.S.-Israeli strikes on Feb. 28 that killed his father, Ayatollah Ali Khamenei, along with other family members including his wife and relatives. He has not appeared publicly or on video since his selection by the Assembly of Experts on March 9, fueling rumors of more severe injuries, including unconfirmed claims of a coma or leg amputation circulated in some Western media.

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Iranian officials and state-affiliated outlets have pushed back, with one source close to President Masoud Pezeshkian insisting Khamenei is “safe and sound.” The absence from public view has been attributed to recovery needs or security concerns, as elite NOPO counterterrorism units now guard the new leader.

Mojtaba Khamenei, born in 1969 in Mashhad, is the second son of the late Ayatollah Ali Khamenei, who ruled as Supreme Leader since 1989 until his death at 86 in the war’s first hours. A hard-line cleric who studied in Qom and fought in the Iran-Iraq War as a teenager, Mojtaba long served as a close adviser to his father while maintaining a low public profile. His selection marked an unprecedented dynastic succession in the Islamic Republic, defying traditional norms against hereditary leadership and drawing sharp criticism from U.S. President Donald Trump, who called the choice “unacceptable” and a “lightweight.”

The Assembly of Experts, an 88-member body of Shia clerics, convened amid ongoing bombardment to select him swiftly, signaling continuity and defiance against external pressure. Analysts described the move as a provocation, with one expert calling it a “blunt middle finger” to demands for regime change or veto power over Iran’s leadership.

The war, dubbed by some as the “Ramadan War,” erupted Feb. 28 with massive joint U.S.-Israeli airstrikes targeting Iranian leadership compounds, military sites, and infrastructure. It has escalated into broader regional conflict, with Iran launching retaliatory strikes, closing key maritime routes, and threatening further escalation. Oil prices have spiked amid fears over the Strait of Hormuz, through which about 20% of global oil passes.

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Khamenei’s statement reinforced Iran’s strategy of asymmetric pressure, including proxy operations and threats to energy flows, while praising the military’s resilience. He vowed to open additional fronts if necessary and obtain “compensation” from adversaries.

The remarks drew immediate international reactions. U.S. officials dismissed them as bluster from a weakened regime, while allies in the region expressed concern over potential disruptions to global shipping. The war has already caused significant casualties, with strikes hitting civilian areas including schools, and displaced populations amid infrastructure damage.

Khamenei’s elevation comes at a pivotal moment for Iran, facing existential threats from sustained aerial campaigns. His background in the clerical establishment and proximity to the IRGC positions him to maintain hard-line policies, but his lack of public experience and current invisibility raise questions about command effectiveness during crisis.

As the conflict rages, with no clear end in sight, Mojtaba Khamenei’s first message—delivered indirectly—aims to project strength and unity. Whether he can consolidate power and navigate the war remains uncertain, as Iran balances defiance with survival in one of its most perilous chapters.

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Form 4 Tripadvisor Inc For: 12 March

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Form 4 Tripadvisor Inc For: 12 March

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European ideas to spice up Perth

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European ideas to spice up Perth

A local urban design enthusiast suggests ways WA could cut building vacancy rates.

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Top 5 Incredible Things to Do in Namibia This Year

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Top 5 Incredible Things to Do in Namibia This Year

Namibia stands as one of Africa’s most underrated destinations, offering dramatic landscapes, unique wildlife encounters, and adventures that rival any destination on the continent.

This southwestern African gem combines otherworldly desert scenery with rich cultural experiences and some of the most pristine wilderness areas you’ll find anywhere. Whether you’re planning your first visit or returning to explore more of this captivating country, these five experiences should top your itinerary for an unforgettable journey.

Explore the Towering Dunes of Sossusvlei

The Namib Desert’s iconic red dunes create one of the most photographed landscapes in Africa, and experiencing them firsthand is simply breathtaking. Sossusvlei, located in the Namib-Naukluft National Park, features some of the world’s highest sand dunes, with Big Daddy reaching an impressive 325 meters.

The best time to visit is at sunrise when the low light creates stunning contrasts between the illuminated and shadowed sides of the dunes. The climb to the top of Dune 45 or Big Daddy challenges your fitness, but the panoramic views across the endless sea of sand make every step worthwhile.

Don’t miss nearby Deadvlei, a surreal white clay pan dotted with ancient dead camelthorne trees that have stood for nearly 900 years. This otherworldly landscape looks like something from a science fiction film and offers incredible photography opportunities throughout the day.

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Experience Wildlife at Etosha National Park

Etosha National Park ranks among Africa’s premier wildlife destinations, offering exceptional game viewing in a unique setting centered around a massive salt pan. The park’s network of waterholes creates natural theaters where you can observe elephants, lions, rhinos, and countless other species gathering to drink.

Unlike many other African parks, Etosha allows self-driving, giving you the freedom to explore at your own pace. However, booking a Namibia luxury safari with expert guides provides deeper insights into animal behavior and access to exclusive areas that enhance your wildlife experience significantly.

The dry winter months from May to October provide the best game viewing as animals concentrate around permanent water sources. You might witness dramatic predator-prey interactions or simply enjoy watching elephant families socializing at sunset.

Discover the Skeleton Coast’s Haunting Beauty

The Skeleton Coast earned its ominous name from the numerous shipwrecks that line its foggy, treacherous shores, creating an atmosphere unlike anywhere else on earth. This remote stretch of coastline where the Namib Desert meets the Atlantic Ocean offers an adventure into one of the planet’s most inhospitable yet fascinating environments.

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The landscape features an ever-changing tapestry of shipwrecks, seal colonies, desert-adapted wildlife, and wind-sculpted rock formations. Cape Cross hosts one of the largest Cape fur seal colonies in the world, with up to 200,000 seals during breeding season creating an unforgettable sensory experience.

Flying over the Skeleton Coast provides the best perspective on this vast wilderness, revealing patterns and features invisible from the ground. Many visitors combine coastal exploration with visits to the Himba people, one of Namibia’s last semi-nomadic tribes maintaining traditional lifestyles.

Marvel at the Fish River Canyon

The Fish River Canyon ranks as the second-largest canyon in the world and offers hiking opportunities that rival more famous trails elsewhere in Africa. This geological wonder stretches 160 kilometers long, reaches up to 27 kilometers wide, and plunges 550 meters deep in places.

The five-day Fish River Canyon hiking trail challenges experienced trekkers with its rugged terrain and extreme temperatures, but the rewards include complete solitude and ever-changing scenery. The trail only operates during winter months when temperatures become manageable and flash flood risks decrease.

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If you’re not up for the full hike, the viewpoints along the canyon rim provide spectacular vistas, especially at sunset when the light transforms the rocky landscape into shades of purple, orange, and red.

Stargaze in the World’s Oldest Desert

Namibia boasts some of the darkest skies on Earth, making it a premier destination for astronomy enthusiasts and anyone who appreciates natural beauty. The country’s low population density, minimal light pollution, and clear desert air create perfect conditions for observing celestial wonders.

Several lodges and reserves offer dedicated stargazing experiences with telescopes and expert guides who help you navigate the southern hemisphere’s constellations. The Milky Way appears so vivid in Namibia that it seems almost three-dimensional, stretching across the sky in a brilliant band of light.

Even without specialized equipment, simply lying on the desert sand and looking up reveals more stars than most people see in their entire lives. This humbling experience connects you to the vastness of the universe in ways that few other activities can match.

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Conclusion

Namibia delivers experiences that satisfy adventure seekers, wildlife enthusiasts, photographers, and anyone craving connection with raw, untouched nature. From climbing ancient dunes to tracking desert-adapted elephants, from exploring haunting coastlines to sleeping under star-filled skies, this remarkable country offers diversity that few destinations can match. Start planning your Namibian adventure now, and prepare for a journey that will exceed your expectations and leave you planning your return before you’ve even left.

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WM Technology Q4 2025 slides: revenue falls, margins compress

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WM Technology Q4 2025 slides: revenue falls, margins compress


WM Technology Q4 2025 slides: revenue falls, margins compress

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Lazard Global Small Cap Equity Portfolio Q4 2025 Commentary (LZSMX)

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Lazard Global Small Cap Equity Portfolio Q4 2025 Commentary (LZSMX)

Stock chart bar growth up success idea concept on dark background. business idea concept.

SmileStudioAP/iStock via Getty Images

Market Review

Global small cap equities rose in the fourth quarter, with signs that market leadership was beginning to broaden. Notably, the months-long AI-driven rally appeared to enter a new phase, with investors becoming increasingly cautious about the sustainability

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Trump says as largest oil producer, US benefits when oil prices rise

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Trump says as largest oil producer, US benefits when oil prices rise

President Donald Trump said that America benefits when oil prices increase because the nation is the world’s biggest oil producer, but added that he considers blocking Iran from obtaining nuclear weapons to be more important.

“The United States is the largest Oil Producer in the World, by far, so when oil prices go up, we make a lot of money,” the president said in a Thursday Truth Social post

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“BUT, of far greater interest and importance to me, as President, is stoping an evil Empire, Iran, from having Nuclear Weapons, and destroying the Middle East and, indeed, the World. I won’t ever let that happen! Thank you for your attention to this matter,” he added.

TRUMP TOUTS ‘HISTORIC’ $300B TEXAS REFINERY AS FIRST NEW US PLANT IN NEARLY 50 YEARS

President Donald Trump

President Donald Trump speaks during a press conference at Trump National Doral in Miami, Florida, on March 9, 2026.  (SAUL LOEB / AFP via Getty Images / Getty Images)

Gas prices have been surging amid the war, with AAA’s national average price for regular gas currently at $3.598.

The U.S. plans to release millions of barrels of oil from its Strategic Petroleum Reserve next week. 

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“Earlier today, 32 member nations of the International Energy Agency unanimously agreed to President Trump’s request to lower energy prices with a coordinated release of 400 million barrels of oil and refined products from their respective reserves,” Energy Secretary Chris Wright said in a Wednesday statement.

Gas pump

A diesel fuel pump at a Chevron gas station in Seattle, Washington, on Monday, March 9, 2026. (M. Scott Brauer/Bloomberg via Getty Images / Getty Images)

“As part of this effort, President Trump authorized the Department of Energy to release 172 million barrels from the Strategic Petroleum Reserve, beginning next week. This will take approximately 120 days to deliver based on planned discharge rates,” Wright noted.

“Unlike the previous administration, which left America’s oil reserves drained and damaged, the United States has arranged to more than replace these strategic reserves with approximately 200 million barrels within the next year — 20% more barrels than will be drawn down — and at no cost to the taxpayer,” he said in the statement.

IRAN THREATENS $200 OIL BARRELS AS US PREPARES MASSIVE RELEASE OF EMERGENCY PETROLEUM RESERVES

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Energy Secretary Chris Wright

U.S. Energy Secretary Chris Wright attends a working lunch at the “Shield of the Americas” Summit at Trump National Doral in Miami, Fla., on March 7, 2026.  (Rebecca Blackwell / POOL / AFP via Getty Images / Getty Images)

White House press secretary Karoline Leavitt told Fox News on Thursday that the administration “is considering waiving the Jones Act for a limited period of time to ensure vital energy products and agricultural necessities are flowing freely to U.S. ports.”

The Iranian regime has threatened increased oil prices as the regime targets commercial shipping in the Strait of Hormuz. 

CLICK HERE TO GET FOX BUSINESS ON THE GO

“Get ready for oil to be $200 a barrel, because the oil price depends on regional security, which you have destabilised,” Iranian military command spokesperson Ebrahim Zolfaqari warned in comments directed toward Washington, Reuters reported.

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Fox News’ Patrick Ward contributed to this report.

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US stock futures edge higher after Iran jitters spark deep losses; PCE data on tap

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US stock futures edge higher after Iran jitters spark deep losses; PCE data on tap

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