Core Insights - Lectra has released its 2025 Annual Financial Report, which has been filed with the French Financial Markets Authority [1] - The report includes the Parent company and consolidated financial statements, Management Report, Corporate Governance Report, and Sustainability Report, available in ESEF format and PDF on the company's website [2] - An English version of the Annual Financial Report 2025 is also accessible on the company's website [3] Company Overview - Founded in 1973, Lectra provides industrial intelligence technology solutions, combining SaaS software, cutting equipment, data, and associated services for the fashion, automotive, and furniture industries [4] - Lectra reported revenues of €507 million in 2025, with €89 million coming from SaaS revenues [4] - The company operates in over 100 countries, with production sites in France, China, and the United States, and employs 2,800 individuals [4]

As filed with the U.S. Securities and Exchange Commission on March 25, 2026. Registration No. 333-293559 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________ AMENDMENT NO. 2 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 _________________________ NewHold Investment Corp IV (Exact name of registrant as specified in its charter) _________________________ | Cayman Islands | 6770 | N/A | | --- | --- | --- | | (State or other jurisdiction of | (Pr ...

Microchip Conference Call Summary Company Overview - **Company**: Microchip Technology Inc. (NasdaqGS: MCHP) - **Date of Conference Call**: March 10, 2026 Key Industry Insights - **Strong Bookings**: January and February bookings were the strongest since Q1 fiscal 2023, indicating robust demand across various sectors [1][2] - **Broad-Based Demand**: Demand is not limited to a specific end market or geography, with notable strength in data centers, aerospace and defense, and networking [2] - **Inventory Dynamics**: Customers are depleting inventory and returning to purchase in line with end consumption, suggesting a recovery in demand [8] Financial Performance - **Lead Times**: Generally short lead times for 90% of products, but some advanced technologies (e.g., 3 nanometer) are experiencing extended lead times [4][5] - **Inventory Levels**: Distribution inventory normalized at 28 days, with a focus on monitoring direct customer inventory levels [6][7] - **Gross Margins**: Expected to improve to 61% in the upcoming quarter, with a historical low of 52% last March [57][66] Segment Performance - **Industrial Market**: Accounts for approximately 48% of revenue, with aerospace and defense being a strong segment due to ongoing global conflicts [9][12] - **Data Center Growth**: Introduction of new products like the Gen 6 PCIe switch on 3 nanometer technology, expected to ramp significantly in 2027 [18][20][23] - **Emerging Technologies**: Focus on automotive Ethernet and FPGA products, with significant growth potential in the next few years [15][16] Product Development and Innovation - **New Product Introductions**: Significant platform-level products ramping into 2026-2027, including automotive Ethernet and advanced PCIe switches [15][18] - **Market Positioning**: Microchip is positioned as a technology leader with a competitive edge in power efficiency for data center products [20][32] Strategic Focus - **Total System Solutions (TSS)**: Emphasis on providing comprehensive solutions that include hardware, software, and design tools to enhance customer experience and reduce time to market [26][30] - **Pricing Strategy**: Stable pricing approach with a focus on customer relationships rather than broad-based price increases [66] Future Outlook - **Market Growth**: The PCIe market is projected to grow from $2 billion to $10 billion by 2030, indicating substantial growth opportunities [23][42] - **Increased Transparency**: Plans to provide more detailed insights into end markets and growth areas in future earnings calls [68][69] Additional Considerations - **Geopolitical Impact**: Ongoing global conflicts are benefiting the aerospace and defense segment, providing steady revenue streams [9][12] - **Customer Engagement**: Active dialogues with customers regarding new product trials and feedback are crucial for future growth [43][34] This summary encapsulates the key points discussed during the Microchip conference call, highlighting the company's performance, market dynamics, and strategic initiatives moving forward.

Company Performance - Belden Inc. reported fourth-quarter revenue of $720.12 million, exceeding consensus estimates of $696.97 million, with full-year revenue reaching approximately $2.7 billion, representing a 10% year-over-year growth [1][2] - Adjusted earnings per share (EPS) for the full year was $7.54, marking a 19% year-over-year increase, while fourth-quarter adjusted EPS was a record $2.08, up 8% year over year [1][2] - The company repurchased 1.7 million shares for $195 million during the year, reflecting confidence in long-term value creation [1] Future Guidance - For the first quarter of 2026, Belden Inc. guided revenue of $675–$690 million and adjusted EPS of $1.65–$1.75, assuming current market conditions and typical seasonality [2] - Management indicated an approximate 2% year-over-year foreign exchange benefit should be factored into financial models [2] - The outlook is based on record performance in 2025, including order growth of 12% year over year and 5% sequentially [2] Industry Positioning - Founded in 1902, Belden Inc. designs, manufactures, and distributes networking, security, and connectivity solutions, with a focus on automation solutions that support Industry 4.0 [3] - The company's positioning within mission-critical industrial infrastructure supports durable demand and long-term growth as enterprises digitize and modernize operations [3]

Core Viewpoint - Pratt & Whitney, a business unit of RTX, is investing $200 million to enhance its manufacturing capabilities in Columbus, Georgia, which will support both commercial and military engine programs [1] Investment and Expansion - The investment will fund the addition of a seventh isothermal forging press at the Columbus Forge facility, expected to increase output of critical parts by 30% [1] - This follows a previous $70 million expansion of the GTF MRO at the Columbus Engine Center, which increased annual capacity by over 25% [1] Operational Impact - The new isothermal forging press is projected to become operational in 2028, further supporting the GTF, F135, and other engine programs [1] - Pratt & Whitney has invested over $1 billion in the Columbus facility since 2008, reflecting a long-term commitment to expanding its capabilities [1] Community and Economic Impact - The investment is seen as a testament to the success of companies operating in Georgia, with local officials highlighting the positive impact on the aerospace industry and job creation [1] - The Columbus site employs over 2,600 people and has evolved into a state-of-the-art manufacturing and overhaul center over the past four decades [1] Product and Market Position - The GTF engine is noted as the most fuel-efficient engine in the single aisle market, with over 2,600 units delivered to more than 90 customers globally [1] - The F135 engine, which powers the F-35 Lightning II, is recognized for its safety and reliability, with over 1,300 units delivered to 20 allied nations [1]

Core Insights - Century Aluminum has made significant progress on its proposed Oklahoma smelter, partnering with Emirates Global Aluminium (EGA) to create the first new U.S. smelter in nearly 50 years, with EGA holding a 60% stake and Century 40% [2][6] - The Oklahoma smelter is expected to utilize EGA's EX smelting technology, which integrates Industry 4.0 and AI applications, improving production capacity by over 20% compared to previous technologies [1][6] - The project is anticipated to benefit from a $500 million grant from the U.S. Department of Energy, with management emphasizing the need for an enabling power contract and attractive financing options to finalize the investment [2][6][7] Operational Updates - In Q4 2025, Century's shipments fell to approximately 140,000 tons due to operational disruptions, but higher LME and regional premiums resulted in an adjusted EBITDA of $171 million and adjusted net income of $128 million [4][16][17] - The company expects to ship around 630,000 tons in fiscal 2026, ramping up to 750,000 tons per year once ongoing projects are completed [4][22] - Century has seen recovery in its smelter operations, with improved performance at Grundartangi and Mt. Holly, despite challenges from Hurricane Melissa and electrical grid issues in Jamaica [11][12] Financial Performance - Century reported net sales of $634 million in Q4, a slight increase from the previous quarter, driven by higher pricing despite lower shipment volumes [16][17] - The company ended the quarter with $134 million in cash and reduced net debt to $421 million following a senior notes refinancing [18] - For Q1 2026, Century projects adjusted EBITDA between $215 million and $235 million, with expectations of higher pricing offsetting some operational headwinds [20][21] Strategic Initiatives - Century completed the sale of its Hawesville site for $200 million, retaining a 6.8% stake in a planned data center, which is expected to create jobs and support local economic development [5][8][10] - The company is also pursuing the installation of a new on-site power generation turbine at Jamalco to improve cost efficiency and reduce reliance on the Jamaican electrical grid [13] - Management is focused on securing financing options beyond the DOE grant to support the Oklahoma smelter project and other growth initiatives [7][10]

Financial Data and Key Metrics Changes - In Q4, consolidated shipments totaled approximately 140,000 tons, a decrease from the prior quarter due to the line loss in Iceland [18] - Net sales for the quarter were $634 million, a $2 million increase sequentially, primarily due to higher realized LME and Midwest Premium, partially offset by lower shipments [18] - Net income was reported at $1.8 million or $0.02 per share, with adjusted net income at $128 million or $1.25 per share, excluding exceptional items [19] - Adjusted EBITDA for Q4 was $171 million, an increase of $70 million from the previous quarter, driven by higher LME and regional premiums [19][20] Business Line Data and Key Metrics Changes - Operational performance at Mt. Holly improved, contributing to increased volume and lower operating costs, which improved Adjusted EBITDA by $10 million [22] - Grundartangi smelter is expected to return to close to full production by the end of July, with repairs to damaged transformers allowing for an earlier restart than anticipated [12][13] Market Data and Key Metrics Changes - Aluminum prices rose to a four-year high of $3,325 in January, with spot prices around $3,100 [14] - The Midwest premium climbed to $1.04 per pound, while the European Duty Paid Premium reached approximately $365 per ton [16] Company Strategy and Development Direction - The company is focused on expanding U.S. aluminum production, with significant investments planned for the Mt. Holly and Oklahoma smelter projects [4][5] - The Oklahoma Smelter project, in partnership with EGA, aims to utilize state-of-the-art EX smelting technology, expected to improve production capacity by over 20% [6][7] - The redevelopment of the Hawesville site into a digital infrastructure campus is expected to create job opportunities and generate significant cash flow for the company [7][8] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in strong demand conditions and the potential for significant global aluminum deficits in 2026, which could benefit the company [33] - The completion of the TG-4 power turbine at Jamalco is expected to lower energy costs and improve the overall cost structure [35] - The company anticipates generating significant cash flow from operations, which will support capital allocation strategies, including potential shareholder returns [67] Other Important Information - The company received a $200 million cash payment from the sale of the Hawesville site and retains a 6.8% interest in the new data center [26] - Insurance coverage for business interruption losses in Iceland has been confirmed, with expected reimbursements of approximately $40 million in Q1 [23][24] Q&A Session Summary Question: Clarification on Q1 guidance and EBITDA recognition from Grundartangi - Management confirmed that the Q1 guidance includes the EBITDA loss margin from Grundartangi [37] Question: Earnings power in varying price environments and capital allocation - Management provided insights on potential earnings power based on current and future price environments, indicating a significant uplift in revenue from current spot prices [39][40] Question: Progress on energy contracts for the Oklahoma project - Management is finalizing the power contract with EGA and PSO, emphasizing the importance of an attractive energy contract for project returns [44][46] Question: Next milestones for the new smelter - Key milestones include finalizing the power contract, completing engineering work with Bechtel, and making a final investment decision by Q4 [50] Question: Capacity utilization expectations for Grundartangi - Until line two is operational, Grundartangi is expected to produce about one-third of its normal volume [58] Question: Use of proceeds from the Hawesville sale - Management indicated that the stake in the data center provides liquidity options, but significant cash flow from operations should cover financing needs for the new smelter [60][62]

Financial Data and Key Metrics Changes - In Q4, consolidated shipments totaled approximately 140,000 tons, a decrease from the prior quarter due to line loss in Iceland [18] - Net sales for the quarter were $634 million, a $2 million increase sequentially, primarily due to higher realized LME and Midwest Premium, partially offset by lower shipments [18] - Net income was reported at $1.8 million or $0.02 per share, while adjusted net income was $128 million or $1.25 per share, excluding exceptional items [19] - Adjusted EBITDA for the quarter increased by $70 million to $171 million, driven by higher LME and regional premiums, improved operating expenses, and increased volume at Mt. Holly [19][20] Business Line Data and Key Metrics Changes - Grundartangi smelter is expected to return to full production by the end of July, with Line 2 restarting sooner than anticipated due to repairs on damaged transformers [12][13] - Mt. Holly is projected to increase U.S. aluminum production by nearly 10% in 2026, with preparations for restarting production on track [33] - Jamalco is nearing completion of a major capital improvement project with the installation of a new on-site power generation turbine, expected to lower operating costs significantly [11] Market Data and Key Metrics Changes - Aluminum prices rose to a four-year high of $3,325 in January, with spot prices currently around $3,100 [14] - The Midwest premium has climbed to $1.04 per pound, while the European Duty Paid Premium is approximately $365 per ton [16] - Global deficits of aluminum units are projected for 2026, leading to further contraction of global inventories [15] Company Strategy and Development Direction - The company is focused on expanding its production capabilities in the U.S., with significant investments planned for the Mt. Holly and Oklahoma smelter projects [4][5] - The partnership with EGA for the Oklahoma smelter aims to leverage both companies' expertise to create a state-of-the-art facility [6] - The redevelopment of the Hawesville site into a digital infrastructure campus is expected to create job opportunities and generate significant cash flow for the company [7][8] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strong demand conditions and the unique opportunity to add production in a resource-constrained market [33] - The company anticipates a historic year in 2026, with all assets operating at full capacity and benefiting from high aluminum prices [35] - Management highlighted the importance of finalizing power contracts for the Oklahoma project to ensure attractive returns on investment [46] Other Important Information - The company received $200 million from the sale of the Hawesville site and retains a 6.8% interest in the new data center, which is expected to provide significant returns [7][26] - Insurance coverage for business interruption losses in Iceland has been confirmed, with expected reimbursements of approximately $40 million in Q1 [23][24] Q&A Session Summary Question: Clarification on Q1 guidance and EBITDA recognition from Grundartangi - Management confirmed that the Q1 guidance includes the EBITDA that would have been recognized from Grundartangi [37] Question: Earnings power in varying price environments and capital allocation - Management provided insights on earnings sensitivity to LME and Midwest Premium changes, indicating potential uplifts in revenue [39][40] Question: Progress on energy contracts for the Oklahoma project - Management stated that they are making good progress on finalizing the power contract with EGA and the local utility [45][46] Question: Next milestones for the new smelter - Key milestones include finalizing the power contract, completing engineering work, and making a final investment decision by Q4 [50] Question: Capacity utilization expectations for Grundartangi - Until Line 2 is operational, Grundartangi is expected to produce about one-third of its normal volume [58] Question: Use of proceeds from the Hawesville sale - Management indicated that the stake in the data center provides liquidity options, but significant cash flow from operations should cover financing needs for the new smelter [61][62]

Financial Data and Key Metrics Changes - In Q4 2025, consolidated shipments totaled approximately 140,000 tons, a decrease from the prior quarter due to line loss in Iceland [18] - Net sales for the quarter were $634 million, a $2 million increase sequentially, primarily due to higher realized LME and Midwest Premium, partially offset by lower shipments [18] - Net income reported was $1.8 million or $0.02 per share, with adjusted net income at $128 million or $1.25 per share, excluding exceptional items [19] - Adjusted EBITDA for Q4 increased by $70 million to $171 million, driven by higher LME and regional premiums, as well as improved operating expenses [19][20] Business Line Data and Key Metrics Changes - Performance at Grundartangi improved with a quicker restoration of stability following the outage of Potline 2, while Mt. Holly returned to expected strong performance [9] - Jamalco faced challenges due to Hurricane Melissa but is nearing completion of a major capital improvement project with the installation of a new on-site power generation turbine [11] - Grundartangi's Line 2 is expected to restart by the end of April, about six months sooner than originally anticipated, allowing for a return to close to full production by the end of July [13] Market Data and Key Metrics Changes - Aluminum prices rose to a four-year high of $3,325 in January, with spot prices around $3,100 [14] - The Midwest premium increased to $1.04 per pound, while the European premium rose to $365 per ton [16] - Global deficits of aluminum units are projected for 2026, leading to further contraction of global inventories [15] Company Strategy and Development Direction - Century Aluminum is focused on expanding U.S. aluminum production, with significant investments planned for the Mt. Holly and Oklahoma smelter projects [4][5] - The Oklahoma Smelter project, in partnership with EGA, aims to integrate advanced smelting technology and is expected to improve production capacity by over 20% [6] - The company is also redeveloping the Hawesville site into a digital infrastructure campus, which will support job creation and provide a cash inflow of $200 million [7] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strong demand conditions and the unique opportunity to add production in a market facing shortages [33] - The completion of the TG-4 power turbine at Jamalco is expected to lower energy costs and improve the overall cost structure [35] - The company anticipates a historic year in 2026, with all assets operating at full capacity and benefiting from high spot aluminum prices [35] Other Important Information - The company ended Q4 with a cash balance of $134 million and reduced net debt to $421 million [19][24] - Insurance coverage for business interruption losses in Iceland has been confirmed, with expected reimbursements of approximately $40 million in Q1 [23][24] - Capital expenditures for 2026 are expected to be in the range of $115 million to $125 million, focusing on sustaining and investment projects [31] Q&A Session Summary Question: Clarification on Q1 guidance and EBITDA recognition from Grundartangi - Management confirmed that the Q1 guidance includes the EBITDA that would have been recognized from Grundartangi [38] Question: Earnings power in varying price environments and capital allocation - Management provided insights on earnings sensitivity to LME and Midwest Premium changes, indicating potential uplifts in revenue [40][41] Question: Progress on energy contracts for the Oklahoma project - Management stated they are finalizing the power contract with EGA and PSO, emphasizing the importance of an attractive energy contract for investment returns [45][46] Question: Next milestones for the new smelter and financing options - Key milestones include finalizing the power contract and completing engineering work, with various financing options being explored [51][52] Question: Capacity utilization expectations for Grundartangi in H1 2026 - Management indicated that until Line 2 is operational, Grundartangi will produce about a third of its normal volume, with full production expected by August [60] Question: Use of the put option on the Hawesville data center ownership - Management sees the put option as a liquidity option but expects significant cash flow from regular operations to cover financing needs for the new smelter [62][63]

As filed with the U.S. Securities and Exchange Commission on February 18, 2026. Registration No. 333-[_] UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________ FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 _________________________ NewHold Investment Corp IV (Exact name of registrant as specified in its charter) _________________________ Cayman Islands 6770 N/A (State or other jurisdiction of incorporation or organization) (Primary Standard Indus ...