齐鲁晚报·齐鲁壹点 郭纪轩 通讯员 王禹 春潮涌动千帆竞，奋楫争先启新程。春节假期余温未散，孔孟之乡浸润着奋进的气息，运河之都激荡着 实干的热潮，全市吹响了复工复产的争先号角。国网济宁供电公司锚定济宁市委、市政府"一个万亿、 五个倍增"宏伟目标，以"起步即冲刺、开局即决战"的奋进姿态，将电力保障作为服务发展的核心抓 手，以超前布局的坚强电网、精准高效的供电服务、全时在线的可靠保供，为济宁新能源、高端装备等 优势产业集群提速运转注入澎湃电力动能，全力护航全市冲刺首季"开门红"、迈向工业万亿级目标， 为"十五五"发展开好局、起好步提供强劲电力支撑。 电擎智造升级 激活新质生产力发展活力 邹城经济开发区珞石机器人产业园内，刚刚亮相省级春晚、火爆全网的柔性协作机器人正高速运转，完 成出厂前运动性能调试后，即将打包发往全国各地生产一线。凭借技术领先与品牌"破圈"，企业节后订 单激增，生产线24小时满负荷运行，用电量同比增幅达40%。 国网济宁供电公司创新推行"专属用电管家"服务，组织工作人员对园区供电线路、车间用电系统开展隐 患排查，动态监测负荷变化、优化供电策略，确保电力精准匹配机器人研发、生产全流程需求，让每一 度 ...

Core Viewpoint - NN, Inc. is set to release its fourth quarter and full year 2025 financial results on March 4, 2026, after market close, followed by a conference call on March 5, 2026, at 9:00 a.m. E.T. [1] Financial Results Announcement - The financial results will cover the period ended December 31, 2025 [1] - A conference call will be held the day after the results are released, allowing for direct engagement with stakeholders [1] Conference Call Details - Participants are required to register five to ten minutes prior to the call by dialing the provided numbers [1] - The conference call will be webcast live on the NN, Inc. Investor Relations website, allowing broader participation [2] - A replay of the call will be available on the company's website until March 12, 2027, for those unable to attend live [2] Company Overview - NN, Inc. is a global diversified industrial company specializing in high-precision components and assemblies, leveraging advanced engineering and materials science [3] - The company is headquartered in Charlotte, North Carolina, with facilities across North America, Europe, South America, and Asia [3]

Financial Data and Key Metrics Changes - For the third quarter of fiscal 2026, consolidated revenue decreased by 7% to $7.1 million compared to $7.6 million in the same period a year ago [3][7] - Consolidated gross profit totaled $0.4 million, a decrease of $0.6 million from the third quarter of fiscal 2025 [4][7] - The net loss for the third quarter was $1.5 million, or $0.15 per share, reflecting ongoing challenges [8] Business Line Data and Key Metrics Changes - Stadco's revenue for the third quarter was $2.9 million, with an operating loss of $1.2 million, which is $0.6 million higher than the previous year [3][4] - Ranor's revenue was $4.4 million, with an operating profit of $1.5 million, consistent with the prior year [4][10] - Stadco experienced a decline in gross margin due to lower revenue and higher provisions for contract losses [11] Market Data and Key Metrics Changes - The company reported a strong backlog of $46 million, which includes only the funded portions of customer purchase orders [5][6] - The total funded grant money from U.S. Navy submarine programs-related customers exceeded $24 million, representing over 50% of TechPrecision's market cap of $45.5 million [5][13] Company Strategy and Development Direction - The company aims to secure and maintain enduring partnerships with customers, particularly in the defense sector [12][13] - There is a focus on eliminating one-time projects and moving towards repeat orders to enhance scalability and profitability [58][59] - The management is actively working to improve customer relationships and pricing strategies to ensure profitability [26][48] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the unexpected challenges faced in the third quarter, particularly with customer delays and unfavorable project mixes [3][28] - There is optimism about future revenue growth and profitability, with plans to address legacy contracts and improve operational efficiency [13][36] - The management expressed a commitment to mitigating risks and enhancing customer partnerships for long-term success [37][59] Other Important Information - The company continues to manage cash flow actively, with net cash provided by operating and investing activities totaling $0.6 million for the nine months ended December 31, 2025 [9][10] - Total debt decreased to $6.7 million as of December 31, 2025, down from $7.4 million on March 31, 2025 [10] Q&A Session Summary Question: Concerns about legacy contracts at Stadco - Management is working to quantify the remaining legacy contracts and their impact on future earnings, acknowledging the challenges faced [18][21] Question: Strategy to drive revenue growth - The company is focusing on securing better-priced contracts and working closely with key customers like Sikorsky to improve profitability [26][27] Question: Product mix issues and customer relationships - The product mix issue is primarily related to Stadco, with delays in customer-furnished materials affecting profitability [42][43] - Management is aware of the need to select customers that allow for profitable operations and is working on strengthening contractual protections [46][51]

Financial Data and Key Metrics Changes - For the third quarter of fiscal 2026, consolidated revenue decreased by 7% to $7.1 million compared to $7.6 million in the same period of fiscal 2025 [3][4][7] - Consolidated gross profit totaled $0.4 million, a decrease of $0.6 million from the third quarter of fiscal 2025 [4][8] - The net loss for the third quarter was $1.5 million, or $0.15 per share, compared to a net loss of $1.2 million, or $0.13 per share, for the same period last year [8][9] Business Line Data and Key Metrics Changes - Stadco's revenue for the third quarter was $2.9 million, with an operating loss of $1.2 million, which is $0.6 million higher than the previous year [3][4] - Ranor's revenue was $4.4 million, with an operating profit of $1.5 million, consistent with the prior year [4][10] - Stadco experienced a year-over-year gross margin decline due to lower revenue and higher provisions for contract losses [11] Market Data and Key Metrics Changes - The company reported a strong backlog of $46 million, which includes only the funded portions of customer purchase orders [6][14] - The total funded grant money from U.S. Navy submarine programs-related customers exceeded $24 million, representing more than 50% of TechPrecision's market cap of $45.5 million [5][14] Company Strategy and Development Direction - The company aims to secure and maintain enduring partnerships with customers, focusing on the defense sector, particularly naval submarine manufacturing and military aircraft manufacturing [12][14] - There is a strategic emphasis on moving away from one-time projects to repeat orders that can provide more stable revenue streams [58][59] - The management is actively working to improve customer relationships and pricing strategies to enhance profitability [26][48] Management's Comments on Operating Environment and Future Outlook - Management acknowledged challenges due to delays in receiving customer-furnished materials and unfavorable project mixes impacting Stadco's performance [3][4][41] - The management expressed optimism about future revenue growth and profitability, citing ongoing efforts to address legacy contracts and improve operational efficiency [14][36][59] - There is a recognition of the need to eliminate risks and strengthen contractual protections with customers to ensure better financial outcomes [51][52] Other Important Information - The company continues to manage cash flow actively, with net cash provided by operating and investing activities totaling $0.6 million for the nine months ended December 31, 2025 [9][10] - Total debt decreased to $6.7 million as of December 31, 2025, down from $7.4 million on March 31, 2025 [10] Q&A Session Summary Question: How much more in the way of bad contracts does the company have left to work through at Stadco? - Management indicated that they are working to quantify the remaining legacy contracts and are collaborating to capture all expected losses [19][21][23] Question: What is the growth plan to drive revenue beyond the current range? - Management stated that they are filling the backlog with new business that is priced better and are working closely with major customers like Sikorsky to improve profitability [26][27][28] Question: How does the company address scalability given the specialized nature of its operations? - Management explained that scalability is achieved by focusing on repeat orders and eliminating one-time projects, which allows for refining processes and improving efficiency [58][59]

Financial Data and Key Metrics Changes - For Q3 fiscal 2026, consolidated revenue decreased by 7% to $7.1 million compared to $7.6 million in Q3 fiscal 2025 [4][8] - Consolidated gross profit totaled $0.4 million, a decrease of $0.6 million from the previous year [5][8] - Net loss for Q3 was $1.5 million, or $0.15 per share, reflecting ongoing challenges [9] Business Line Data and Key Metrics Changes - Stadco's revenue was $2.9 million with an operating loss of $1.2 million, which is $0.6 million higher in losses compared to the same period last year [4][5] - Ranor's revenue was $4.4 million with an operating profit of $1.5 million, consistent with prior year results [5][11] - Stadco experienced a decline in gross margin due to lower revenue and higher provisions for contract losses [12] Market Data and Key Metrics Changes - The company reported a strong backlog of $46 million, which includes only the funded portions of customer purchase orders [6][14] - The total of completed funded grant money from U.S. Navy submarine programs exceeded $24 million, representing over 50% of TechPrecision's market cap of $45.5 million [6][14] Company Strategy and Development Direction - The company aims to secure enduring partnerships with customers, particularly in the defense sector, to enhance revenue and profitability [14] - There is a focus on transitioning from one-time contracts to repeat orders to improve scalability and profitability [62] - The management is actively working to eliminate risks associated with legacy contracts and is targeting to improve Stadco's performance [15][39] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the unexpected challenges faced in Q3, including delays in customer-furnished materials and unfavorable project mix [4][30] - There is optimism about future revenue growth and profitability, with plans to build on existing customer relationships and capture new business opportunities [14][28] - Management expressed a commitment to improving operational performance and addressing legacy contract issues [39][62] Other Important Information - The company continues to manage cash flow actively, with net cash provided by operating and investing activities totaling $0.6 million for the nine months ended December 31, 2025 [10] - Total debt decreased to $6.7 million as of December 31, 2025, down from $7.4 million [11] Q&A Session Summary Question: How much more in the way of bad contracts does Stadco have left to work through? - Management indicated that they are working to quantify the remaining legacy contracts and are actively managing loss provisions [19][21] Question: What is the plan to drive revenue beyond the current $7 million-$9 million range? - Management stated that they are filling the backlog with new business that is priced better and are working closely with key customers like Sikorsky to ensure profitability [27][28] Question: Are there contractual protections in place to mitigate risks from customer delays? - Management confirmed that there are some protections in place, but acknowledged the need to strengthen them in future contracts [53][54] Question: How does the company plan to achieve scalability given the specialized nature of its operations? - Management emphasized the importance of focusing on repeat orders and long-term programs to enhance scalability and operational efficiency [61][62]

Core Viewpoint - Broadwind announced preliminary financial results for the full-year 2025 and provided financial guidance for 2026, indicating strong demand in core markets and expectations for significant revenue growth in 2026 [1][5]. Preliminary Full-Year 2025 Results - The company reported total revenue for 2025 in the range of $155 million to $160 million, with net income estimated between $4.7 million and $5.7 million [9]. - Non-GAAP Adjusted EBITDA for 2025 is projected to be between $8 million and $9 million [9]. Demand Conditions - Demand across Broadwind's core vertical markets was strong in Q4 2025, particularly in power generation, industrial, and energy sectors, aligning with the financial guidance provided earlier [3]. - Order rates in the power generation vertical increased by over 70% year-over-year in 2025 [7]. Supply Chain Issues - A raw material supply issue in the Heavy Fabrications segment affected manufacturing throughput and efficiency, but corrective actions are expected to resolve the impact in Q1 2026 [4]. Financial Guidance for 2026 - For the full-year 2026, Broadwind anticipates total revenue between $140 million and $150 million, with a midpoint of $145 million [6]. - Non-GAAP Adjusted EBITDA for 2026 is expected to be between $8 million and $10 million [6]. Management Commentary - The CEO highlighted expectations for organic revenue growth of over 20% in 2026 compared to 2025, excluding contributions from the divested Manitowoc facility [7]. - The company plans to focus on capital allocation strategies that prioritize new product innovation, inorganic growth, and share repurchases [7].

Core Viewpoint - The company, Tonglian Precision (688210.SH), has recently stated that its products can be applied to precision components such as hinges, frames, support structures, legs, and light guide columns for smart glasses, showcasing its adaptability to various manufacturing processes [1] Group 1 - The company offers a range of manufacturing processes including MIM, CNC, laser processing, wire cutting, precision injection molding, semi-solid die casting, and 3D printing [1] - The company customizes its manufacturing processes based on specific customer requirements [1]

Core Viewpoint - The company has successfully completed the consolidation of Dongguan Alubao, which is expected to contribute significantly to revenue and profit by 2026 [1] Group 1: Company Performance - The operational performance of Dongguan Alubao is anticipated to be strong in 2026, leading to substantial revenue and profit contributions for the company [1] - Dongguan Alubao primarily supplies precision structural components for liquid cooling heat dissipation modules to clients such as Qihong and others, indicating a large market space and high supply share [1] Group 2: Industry Collaboration - The company is deepening its collaboration with leading domestic and international AI server manufacturers regarding liquid cooling testing lines and equipment [1] - In addition to existing clients, the company has begun supplying liquid cooling testing lines to overseas clients and other leading domestic manufacturers [1]

Core Insights - The focus on long-term investments in companies that consistently grow earnings and dividends is emphasized, contrasting with the market's obsession with short-term gains [1] - Dividend Kings, particularly those with accelerating dividend growth and improving profitability, are highlighted as strong investment opportunities [2] Company Analysis - Nordson Corp is identified as a leader in precision manufacturing, serving industries such as aerospace, medical, and electronics [6] - The company's recent financial performance shows a 1% year-over-year increase in sales to $752 million, a 24% increase in net income to $152 million, and a basic EPS growth of 4.77% [7] - Nordson Corp offers a forward annual dividend of $3.28, resulting in a yield of approximately 1.2%, with a remarkable 5-year dividend growth rate exceeding 106% [7] Analyst Ratings - A consensus rating from 11 analysts gives Nordson Corp a "Moderate Buy" status, with potential upside of up to 8% if the stock reaches its projected high of $295 within the next 12 months [8]

Financial Data and Key Metrics Changes - For Q2 fiscal 2026, consolidated revenue was $9.1 million, a 2% increase from $8.9 million in Q2 fiscal 2025 [5][10] - Consolidated gross profit rose to $2.5 million, an increase of $1.4 million compared to the same period last year, resulting in a gross margin improvement of 16 percentage points [5][9] - Net income for the quarter was $0.8 million, or $0.08 per share, compared to $0.2 million, or $0.02 per share, for the same quarter last year [10][11] Business Line Data and Key Metrics Changes - Raynor segment revenue was $4.4 million with an operating profit of $1.6 million, while Statco revenue was $4.8 million with an operating loss of $0.5 million, although Statco showed an $873,000 improvement in operating income year-over-year [5][12] - Statco experienced a year-over-year gross profit margin improvement of 9 percentage points, primarily due to better contract pricing and production efficiencies [12] Market Data and Key Metrics Changes - The company reported a strong backlog of $48 million, expected to be delivered over the next one to three fiscal years, indicating robust demand in the defense sector [7][14] - The company continues to focus on building a strong recurring revenue customer base, which is critical for future growth [8] Company Strategy and Development Direction - The company aims to secure and maintain enduring partnerships with customers in the defense sector, particularly in naval submarine manufacturing [13][14] - Management emphasized the importance of aggressive cash management and controlling expenses to mitigate risks and enhance customer confidence [6][14] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about growing revenue and increasing profitability in future quarters, despite challenges faced by the Statco subsidiary [14] - The company is actively working with customers to address legacy contracts and pricing issues, aiming for recovery and improved profitability [12][20] Other Important Information - The company is focused on tactical execution and maintaining on-time delivery of quality components, which has led to new quoting opportunities in air defense and submarine defense sectors [6][7] - Management highlighted the importance of customer collaboration to mitigate risks associated with first article activities [20][25] Q&A Session Summary Question: What percentage of your Statco business is still needing to be reworked to become profitable? - Management indicated that while they cannot specify a percentage, they are actively addressing loss reserves and first article activities to improve profitability [19][20] Question: Is the problem with first articles more related to design issues or underbidding? - Management noted that issues vary on a case-by-case basis, emphasizing the complexity of the items being manufactured and the need for better collaboration with customers [23][24] Question: Do you see the shifting of the former Philadelphia Naval shipyard to a submarine manufacturer as an economic opportunity? - Management expressed willingness to explore every opportunity that arises [27][28] Question: Can you walk through how you handle the grants received from the federal government? - Management explained that they segregate liabilities upon receipt of cash and ensure that they get paid for everything built with the new equipment [32][35] Question: What kind of new business have you seen, particularly out of the Raynor operation? - Management confirmed involvement in programs related to Virginia-class and Columbia-class submarines, indicating ongoing opportunities [37][38]