FMC Corporation Announces Election of Michael F. Barry to Board of Directors [Accessibility Statement] Skip NavigationPHILADELPHIA, Feb. 27, 2026 /PRNewswire/ -- FMC Corporation (NYSE: FMC), a leading global agricultural sciences company, today announced the election of Michael F. Barry to the company's Board of Directors, effective February 27, 2026. He will serve on the Audit and Compensation and Human Capital committees.Continue ReadingBarry brings more than three decades of global leadership experience ...

CLOSING PRICES AS OF 01/31/26NAV18.82MKT17.37AVERAGE ANNUAL TOTAL RETURN AS OF 01/31/26NAV (%)MKT (%)One-Month*6.397.89One-Year18.7316.85Three-Year14.6315.30Five-Year9.0010.1210-Year13.1814.47*Not AnnualizedAll performance information reflects past performance, is presented on a total return basis, net of the Fund's investment advisory fee, and reflects the reinvestment of distributions. Past performance is no guarantee of future results. Current performance may be higher or lower than performance quoted. R ...

Royce Small-Cap Trust (NYSE: RVT) as of Jan 31, 2026 [Accessibility Statement] Skip Navigation- Fund's adviser has more than 50 years of small- and micro-cap investment experience- Average weekly trading volume of approximately 2,313,377 shares- Oldest and largest small-cap closed-end fundNEW YORK, Feb. 27, 2026 /PRNewswire/ --CLOSING PRICES AS OF 01/31/26NAV18.82MKT17.37AVERAGE ANNUAL TOTAL RETURN AS OF 01/31/26NAV (%)MKT (%)One-Month*6.397.89One-Year18.7316.85Three-Year14.6315.30Five-Year9.0010.1210-Year1 ...

Quaker Chemical (NYSE:KWR) Q4 2025 Earnings call February 24, 2026 08:00 AM ET Company ParticipantsDavid Begleiter - Managing Director of Equity ResearchJeffrey Schnell - Head of Investor RelationsJonathan Tanwanteng - Managing Director of Equity ResearchJoseph Berquist - President and CEOMichael Harrison - Managing Director of Equity ResearchTom Coler - EVP and CFOConference Call ParticipantsArun Viswanathan - Senior Equity Research AnalystLaurence Alexander - Equity Research AnalystOperatorReminder, this ...

Core Insights - The Royce Global Trust is a closed-end fund focused on investing in global equities with a disciplined value approach, aiming for long-term capital growth [7][11]. Performance Summary - As of October 31, 2025, the fund's net asset value (NAV) is $14.78, while the market price is $12.80 [1]. - The average annual total return for the fund is as follows: - One-Month: NAV -1.66%, MKT -1.16% - Year to Date: NAV 17.77%, MKT 19.38% - One-Year: NAV 16.55%, MKT 16.21% - Three-Year: NAV 16.63%, MKT 16.12% - Five-Year: NAV 9.22%, MKT 7.80% - Ten-Year: NAV 9.38%, MKT 9.85% [2]. Portfolio Composition - The fund primarily invests in small-cap and mid-cap companies, with an average market capitalization of $3.168 billion [4]. - The weighted average price-to-earnings (P/E) ratio is 24.9x, and the weighted average price-to-book (P/B) ratio is 3.1x [4][6]. - The top ten positions account for the following percentages of net assets: - Tel Aviv Stock Exchange: 4.6% - Sprott: 3.9% - Protector Forsikring: 3.0% - Alamos Gold Cl. A: 3.0% - Stadio Holdings: 2.5% - APi Group: 2.4% - Phoenix Financial: 1.9% - Littelfuse: 1.9% - TMX Group: 1.8% - Quaker Houghton: 1.8% [8]. - The top five sectors by percentage of net assets are: - Financials: 30.3% - Industrials: 26.9% - Information Technology: 11.7% - Materials: 10.5% - Cash and Cash Equivalents: 6.0% [8]. Investment Strategy - The fund aims to invest at least 80% of its net assets in equity securities and at least 65% in companies located in at least three countries outside the United States [8].

Financial Performance - Q3 2025 - Net sales for Q3 2025 were $493.8 million, a 6.8% increase compared to $462.3 million in Q3 2024[12] - Non-GAAP earnings per diluted share for Q3 2025 were $2.08, a 10.1% increase compared to $1.89 in Q3 2024[12] - Adjusted EBITDA for Q3 2025 was $82.9 million, with adjusted EBITDA margins of 16.8%[12, 18] Financial Performance - YTD 2025 - Net sales for YTD 2025 reached $1.42 billion, a 1.8% increase compared to $1.3956 billion in YTD 2024[11, 12] - Non-GAAP earnings per diluted share for YTD 2025 were $5.37[11, 12] - Adjusted EBITDA for YTD 2025 was $227.4 million[11, 12] Leverage and Liquidity - The company's net debt stood at $703 million as of September 30, 2025[23] - The leverage ratio was 2.4x as of September 30, 2025, operating well within the bank's maximum permitted leverage of 4.0x[11, 23] - The company had cash and cash equivalents of $172 million[23] Sales Volume - Sales volumes increased by 3% year-over-year in Q3 2025, driven by new business wins across all regions[15]

Core Insights - The global stainless steel cold rolling oil market is evolving towards high performance and environmental sustainability, driven by the continuous expansion of stainless steel production capacity in the Asia-Pacific region, particularly in China and India [3][4] - The market is characterized by a highly concentrated oligopoly, with major players like Quaker Houghton and FUCHS leading the industry, creating significant technical and service barriers for new entrants [3][8] Market Trends and Drivers - The primary growth driver for the stainless steel cold rolling oil market is the ongoing expansion and product upgrade demands from downstream stainless steel industries, including appliances, automotive, and construction [9] - Increasing requirements for surface quality and mechanical properties in stainless steel products are pushing the demand for high-performance, eco-friendly rolling oils [9] Regulatory Environment - The industry faces challenges from increasingly stringent global environmental, health, and safety regulations, which raise compliance costs for traditional formulations containing harmful substances [4][10] - Opportunities arise from policies promoting manufacturing upgrades and carbon reduction goals, particularly in China, which stimulate high-end stainless steel demand and create new market space for performance-enhancing rolling oils [4] Market Size and Growth Projections - According to QYResearch, the global stainless steel cold rolling oil market is projected to reach USD 514 million by 2031, with a compound annual growth rate (CAGR) of 4.1% in the coming years [4] Competitive Landscape - The top five manufacturers, including Quaker Houghton and FUCHS, hold approximately 52% of the market share, indicating a concentrated competitive environment [8] Industry Opportunities - The greatest opportunity in the industry lies in the innovation and widespread adoption of eco-friendly and high-performance specialty rolling oils, which can help steel mills reduce operational costs while meeting regulatory requirements [11] - Customized oil formulations to meet specific processes and surface quality demands in high-end stainless steel applications are expected to become a key growth point for leading companies [11]

Core Insights - The Royce Global Trust aims for long-term capital growth by investing primarily in small-cap and mid-cap companies, with a focus on global equities using a disciplined value approach [7][8]. Performance Metrics - As of August 31, 2025, the Net Asset Value (NAV) is $14.83, and the market price is $12.74 [1]. - The average annual total return for the Fund is as follows: - One-Month: NAV 4.88%, MKT 5.12% - Year to Date: NAV 18.17%, MKT 18.78% - One-Year: NAV 15.63%, MKT 14.08% - Three-Year: NAV 15.80%, MKT 14.68% - Five-Year: NAV 8.51%, MKT 6.96% - Ten-Year: NAV 9.64%, MKT 9.95% [1]. Portfolio Composition - The average market capitalization of the portfolio is $3,124.4 million, with a weighted average Price-to-Earnings (P/E) ratio of 25.1x and a weighted average Price-to-Book (P/B) ratio of 3.1x [4]. - The top ten positions account for the following percentages of net assets: - Tel Aviv Stock Exchange: 4.6% - Protector Forsikring: 3.2% - Sprott: 3.1% - Alamos Gold Cl. A: 3.0% - APi Group: 2.3% - Stadio Holdings: 2.0% - TMX Group: 2.0% - SEI Investments: 1.9% - Quaker Houghton: 1.9% - Karnov Group: 1.9% [8]. - The top five sectors by percentage of net assets are: - Financials: 29.4% - Industrials: 27.2% - Information Technology: 11.3% - Materials: 10.8% - Cash and Cash Equivalents: 6.2% [8]. Investment Strategy - The Fund typically invests at least 80% of its net assets in equity securities and at least 65% in companies located in at least three countries outside the United States [8].