The Energy segment faced margin pressure in Q4 due to unanticipated underground rock conditions on two 'sister' solar projects, which required unplanned labor and equipment expenditures.Management emphasizes a 'self-perform' labor model as a competitive advantage, allowing for better control over project timelines and quality in a constrained labor market.Renewables performance reached record levels despite navigating a volatile regulatory environment and project re-sequencing that pulled $500 million of re ...

The conflicting positions of Donald Trump and major European governments came to the fore at a meeting of the west’s most important energy forecaster https://t.co/6TJT4WLk8D ...

Financial Data and Key Metrics Changes - Revenue increased 11% to a record $286 million in Q4 2025, driven by acquisitions and aftermarket parts business [7][13] - Adjusted EPS decreased to $9.26 in 2025 from $10.28 in 2024, reflecting ongoing economic challenges [8][17] - Operating cash flow reached $61 million in Q4 2025, contributing to a record free cash flow of $154 million for the year, up 15% [7][18] Business Line Data and Key Metrics Changes - Flow control segment revenue increased 5% to $100 million in Q4 2025, with aftermarket parts making up 73% of total revenue [9] - Industrial processing segment revenue rose 16% to $118 million, with aftermarket parts revenue growing 31% [10] - Material handling segment revenue increased 11% to $69 million, driven by strong growth in capital revenue [11] Market Data and Key Metrics Changes - Bookings increased 12% year-over-year, indicating solid demand across all operating segments [7] - The backlog at the end of Q4 2025 was $288 million, with 60% attributed to capital and 40% to parts [50] Company Strategy and Development Direction - The company aims to leverage ongoing modernization efforts in recycling, waste management, and data center construction to drive growth [12] - Focus on improving productivity and efficiency rather than adding new capacity, as customers adapt to economic conditions [44] Management's Comments on Operating Environment and Future Outlook - Management noted that while capital project activity remained soft in 2025, there is optimism for increased demand in 2026 as customers begin to invest again [12][28] - The company is cautious in its 2026 guidance due to uncertainties in capital orders but expects to raise guidance if significant orders are placed [66] Other Important Information - The company plans to adjust its EPS calculation to include recurring intangible amortization expense, which will provide a more consistent comparison of operating results [30][32] - Anticipated revenue guidance for 2026 is $1.16 billion to $1.185 billion, with adjusted EPS guidance of $10.40 to $10.75 [26] Q&A Session Summary Question: Current assets and liabilities at year-end - Current assets are $542 million, and current liabilities are $228 million [36] Question: Demand for consumable products and capital projects outlook - Customers are running equipment harder, leading to increased demand for consumables, which may positively impact capital projects in 2026 [41] Question: Backlog figure and organic assumptions for 2026 guidance - Current backlog is $288 million, with organic growth modeled at less than 1%-3% [50][51] Question: Uniqueness of proposal timelines for capital orders - Proposals have been outstanding longer than usual due to economic uncertainty, but projects are still in the pipeline [60] Question: Competition in aftermarket services - Competition primarily revolves around pricing, with the company maintaining strong customer relationships to defend market share [80]

So if you go to a Bitcoin conference run by say Bitcoin magazine, all the the big ones, the Vegas, this and that, a lot of the talking points are finance and the the financial utility of Bitcoin, right. All the different things you can do with Bitcoin in the context of money and finance. And basically there they're very obsessed with energy.They always need money, but they're always obsessed with the energy context, the utility that Bitcoin mining can have in the energy sector. And if you bring it down to t ...

If you look at Bitcoin mining, it cost you a little over a million dollars a megawatt for infrastructure and miners. Infrastructure alone in the data center world is 12 million a megawatt. The amount of compute that is deployed today versus what will be deployed in 5 years, it's never getting shut off.And one word of warning from an investment perspective. All right. Uh you run a very interesting business that has a lot of components and inputs.You have hardware, you have energy, you've got Bitcoin, you've ...

We're here in Venezuela traveling with Secretary Wright, the highest ranking US official to visit the country after Nicholas Maduro was captured by US forces at the start of the year. And it's almost surreal to be here at the presidential palace to see an American flag hanging outside the presidential palace in a place like Venezuela. The US suspended all diplomatic overtures, closed its embassy in 2019, and right now you have individuals on the ground trying to once again bring the embassy back up.And they ...

RT DogeDesigner (@cb_doge)🚨NEW: Elon Musk explains the reason behind the SpaceX and xAI merger."In order to understand the universe, you must explore the universe. That's the motivation behind the combination of SpaceX and xAI is to accelerate humanity's future in understanding the universe and extending the light of consciousness to the stars.So in the grand scheme of things, when you look at how much energy Earth is actually using for civilization, we're only right now using, call it roughly 1% of the pot ...

RT Teslaconomics (@Teslaconomics)Bro… Elon just laid out the blueprint on how xAI and SpaceX are getting to 1,000+ gigawatts per year and beyond, in his closing statement at the xAI all-hands!IMO, this is why there will be no competition in space.1/ Earth Supercomputers (Now)Build Memphis cluster to get us to >1 GW of power.“We’re only right now using roughly one percent of the potential energy of Earth.”Plan:• 330,000+ Grace Blackwell GPUs• ~1M H100-equivalent compute• 1 gigawatt draw at full scale• Built ...

The New Democrat Coalition is a group of House Democrats, about 115 strong, that push for more moderate proposals than their populist counterparts. The goal of the coalition is to build a plan that sets itself apart from the progressive left, but also sets itself apart from the Republicans and Donald Trump that would lower costs for everyday Americans. You won't find these big splashy proposals that are being proposed by senators like Senator Elizabeth Warren or Senator Bernie Sanders in this proposal.thing ...

Even if you burned Jupiter—and three more— the Sun would still be ~100% of the energy. 🌞” — Elon Musk https://t.co/HIUBQ4xT01 ...