Gates Industrial (NYSE:GTES) Q4 2025 Earnings call February 12, 2026 10:00 AM ET Company ParticipantsBrooks Mallard - CFOIvo Jurek - CEORich Kwas - VP of Investor RelationsConference Call ParticipantsAndy Kaplowitz - AnalystDavid Raso - AnalystDeane Dray - AnalystJeff Hammond - AnalystJerry Revich - AnalystJulian Mitchell - AnalystMike Halloran - AnalystNigel Coe - AnalystStephen Volkmann - AnalystTomo Sano - AnalystOperatorLadies and gentlemen, thank you for standing by. Welcome to the Gates Corporation fo ...

Lincoln Electric (NasdaqGS:LECO) Q4 2025 Earnings call February 12, 2026 10:00 AM ET Company ParticipantsAmanda Butler - VP of Investor Relations and CommunicationsAngel Castillo - Head Executive Director of US Machinery and Construction Equity ResearchGabriel Bruno - CFOSteven Hedlund - Chairman and CEOConference Call ParticipantsChris Dankert - SVP and Senior Equity AnalystMig Dobre - Managing Director, Senior Research Analyst, and Associate Director of ResearchNathan Jones - Managing Director and Senior ...

Gates Industrial (NYSE:GTES) Q4 2025 Earnings call February 12, 2026 10:00 AM ET Company ParticipantsBrooks Mallard - CFOIvo Jurek - CEORich Kwas - VP of Investor RelationsConference Call ParticipantsAndy Kaplowitz - AnalystDavid Raso - AnalystDeane Dray - AnalystJeff Hammond - AnalystJerry Revich - AnalystJulian Mitchell - AnalystMike Halloran - AnalystNigel Coe - AnalystStephen Volkmann - AnalystTomo Sano - AnalystOperatorLadies and gentlemen, thank you for standing by. Welcome to the Gates Corporation fo ...

Lincoln Electric (NasdaqGS:LECO) Q4 2025 Earnings call February 12, 2026 10:00 AM ET Speaker6Greetings, and welcome to the Lincoln Electric 2025 fourth quarter financial results conference call. All lines have been placed on mute, and this call is being recorded. It is my pleasure to introduce your host, Amanda Butler, Vice President of Investor Relations and Communications. Thank you. You may begin.Speaker0Thank you, Colby, and good morning, everyone. Welcome to Lincoln Electric's fourth quarter 2025 confe ...

(Bloomberg) — In the first weeks of the year, the political landscape has shifted in ways that once might have rattled global markets. A foreign leader was captured. The Department of Justice opened a probe into the Federal Reserve. And a disruptive White House intervened across fresh swaths of US commerce. But rather than recoil, markets have rocketed up — an extension of the risk-taking bravado that has long provided cover for President Donald Trump’s aggressive policy playbook. Most Read from Bloombe ...

Financial Data and Key Metrics Changes - Earnings per share (EPS) reached $4.9, and operating margin was 30.1%, both representing all-time quarterly highs [2][3][18] - Operating cash flows grew by 15%, and return on capital employed (ROCE) was 25.1%, leading the industry [3][18] - Sales for the second quarter were $8.5 billion, a 3% increase year-over-year and a 5% sequential increase [15][18] - Operating profit increased by 6% year-over-year to $2.6 billion [18] Business Line Data and Key Metrics Changes - The sale of gas project backlog doubled from $3.6 billion to $7.1 billion over four years, with the number of projects increasing from 33 to 70 [6][9] - The backlog turnover was over 150% in 4.5 years, with $5.7 billion of new projects started [6][9] - Base volume growth investments totaled over $1 billion annually, supporting packaged and merchant supply modes [10][12] Market Data and Key Metrics Changes - In The Americas, volumes are expected to be flat, with growth in resilient end markets offset by a softer industrial sector [27][30] - Europe is expected to see a decline in demand, particularly in Western Europe, with negative volume trends anticipated in the second half of the year [31][32] - Asia presents a mixed outlook, with India showing growth while China remains flat due to weaker metals and chemicals [33][34] Company Strategy and Development Direction - The company emphasizes disciplined project backlog management, focusing on high-quality contracts with fixed fees [5][6] - Investments in clean energy projects are a priority, with a total of approximately $5 billion in low carbon contracts signed [8][9] - The company aims to leverage its strong position in the space market, with significant investments planned to support growth in this sector [29][75] Management's Comments on Operating Environment and Future Outlook - Management remains cautious about the economic environment, particularly in Europe, where no immediate catalysts for improvement are seen [32][66] - The company expects to maintain positive pricing despite macroeconomic challenges, with a historical track record of achieving positive pricing through cycles [39][40] - Future growth is anticipated from self-help initiatives and industrial recovery, with a goal of returning to double-digit EPS growth [24][25] Other Important Information - The company issued bonds totaling CHF 5 billion with an average yield of less than 1%, ensuring access to low-cost capital [21] - The guidance for the third quarter EPS is projected to be between $4.1 and $4.2, reflecting a cautious outlook amid economic uncertainty [22][23] Q&A Session Summary Question: Insights on global business conditions - Management provided a geographical overview, indicating flat volumes in The Americas, a decline in Europe, and mixed signals from Asia, particularly highlighting growth in India and challenges in China [27][30][34] Question: Future pricing risks - Management expressed confidence in maintaining positive pricing, citing historical performance and current pricing trends across most regions, with some exceptions in China [39][40] Question: Margin performance in The Americas - Management noted that margin performance can vary by quarter due to business mix, but overall margins are expected to improve [44][47] Question: Appetite for new projects - Management remains optimistic about maintaining a backlog above $7 billion, supported by ongoing project opportunities [51] Question: EBIT growth in Europe - Management attributed EBIT growth to favorable currency effects and pricing opportunities, despite negative volume trends [56][58] Question: Helium pricing impact - Management indicated that helium volumes remain flat, with pricing down due to market oversupply, but this exposure is smaller compared to competitors [60][61] Question: Long-term outlook for Europe - Management expressed cautious optimism about potential recovery in Europe driven by infrastructure investments and rebuilding efforts in Ukraine [69][70] Question: Space market growth potential - Management highlighted significant growth in the space sector, with plans for substantial investments to support this market [75][78] Question: Energy transition projects - Management expects continued demand for low carbon products, emphasizing that economic viability will drive future projects [99][100]