Q3 2025 Earnings Conference Call November 6, 2025 This presentation includes references to calculations that are not based on generally accepted accounting principles ("GAAP"). Reconciliations of each of those non-GAAP measures to the most directly comparable GAAP measures have been included in the Appendix. When forward-looking non-GAAP measures are provided, the Company does not provide quantitative reconciliations of forward-looking non-GAAP measures to the most directly comparable GAAP measures, because ...

Financial Performance - The company achieved organic sales growth of 6% for the full year 2025[9], and 4% for Q4 2025[22], demonstrating broad-based strength across its operations[9] - Adjusted Segment EBITA margin expanded by 100 basis points to 171% for the full year 2025[9], and 20 basis points to 188% for Q4 2025[22] - Adjusted EPS increased by 17% year-over-year[9] from $321 in FY24 to $376 in FY25[39], successfully offsetting dilution from the R&LC divestiture[9] - Adjusted free cash flow conversion was strong at 102% for the full year 2025[9], validating disciplined capital allocation[9] - Q4 2025 adjusted EPS increased 14% year-over-year, from $111 to $126[24] Orders and Backlog - Orders grew by 7% for the full year 2025, with strong performance in the Americas offsetting softness in China[9] - Backlog grew by 13% to approximately $15 billion, providing visibility into future growth[9] Future Outlook - The company initiated FY26 adjusted EPS guidance of approximately $455, representing over 20% growth[9] - The company expects adjusted free cash flow conversion of approximately 100% for FY26[9] - For Q1 2026, the company anticipates organic revenue to be up approximately 3% and adjusted EPS to be approximately $083[43]

Core Viewpoint - Wall Street anticipates a year-over-year decline in earnings for Aaon, despite an expected increase in revenues, with the actual results being crucial for stock price movement [1][2]. Earnings Expectations - Aaon is projected to report quarterly earnings of $0.33 per share, reflecting a year-over-year decrease of 47.6%. Revenues are expected to reach $338.05 million, which is a 3.3% increase from the previous year [3]. Estimate Revisions - The consensus EPS estimate has been revised 1.09% higher in the last 30 days, indicating a positive reassessment by analysts [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model shows a positive Earnings ESP of +3.50% for Aaon, suggesting analysts are optimistic about the company's earnings prospects [12]. Historical Performance - In the last reported quarter, Aaon was expected to earn $0.31 per share but only achieved $0.22, resulting in a surprise of -29.03%. Over the last four quarters, the company has beaten consensus EPS estimates twice [13][14]. Investment Considerations - While a potential earnings beat is indicated, other factors may influence stock performance, making it essential to consider the broader context beyond just earnings results [15][17].

Core Insights - The individual has extensive experience in the energy industry, having worked for 22 years in various roles including engineering, planning, and financial analysis [1] - The investment strategy focuses on achieving returns that match the S&P 500 while maintaining lower volatility and higher income [1] - The approach emphasizes long-term holding of investments unless there is a compelling reason to sell, with a focus on intrinsic value [1] Investment Strategy - The individual manages a personal portfolio since 1998, aiming for total return maximization by purchasing assets when prices are low relative to their intrinsic value [1] - There is no specific preference for asset class, market cap, sector, or yield, indicating a broad investment approach [1] Position Disclosure - The individual holds a beneficial long position in the shares of CARR, indicating confidence in the company's future performance [2]

Group 1 - The article does not provide any relevant content regarding company or industry insights [1]

Q3 2025 Earnings Conference Call October 28, 2025 2 Q3 2025 Summary | Sales | $5,579M | Highlights | | --- | --- | --- | | | Organic1 (4%) Y/Y | CSA commercial3 continues to outperform market with Q3 sales up | | | | 30%, including data centers up ~250% | | Adjusted Operating Profit1 | $823M (21%) Y/Y | CSA resi sales down ~30%; field inventory levels down significantly | | | | RLC Europe heat pump sales up mid-teens; up ~45% in Germany | | Adjusted | 14.8% | Continued DD growth in container and CSAME India ...

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Core Viewpoint - Wall Street anticipates a year-over-year increase in earnings for Trane Technologies, with a focus on how actual results compare to estimates impacting stock price [1][2] Earnings Expectations - Trane Technologies is expected to report quarterly earnings of $3.80 per share, reflecting a year-over-year increase of 12.8% [3] - Revenue is projected to be $5.76 billion, which is a 5.9% increase from the previous year [3] Estimate Revisions - The consensus EPS estimate has been revised down by 0.22% over the last 30 days, indicating a reassessment by analysts [4] - The Most Accurate Estimate for Trane Technologies is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -0.24% [12] Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive or negative reading indicates the likely deviation of actual earnings from the consensus estimate, with positive readings being more predictive [9][10] - A combination of a positive Earnings ESP and a strong Zacks Rank increases the likelihood of an earnings beat [10] Historical Performance - Trane Technologies has beaten consensus EPS estimates in the last four quarters, with a surprise of +3.19% in the most recent quarter [13][14] Conclusion - Despite the historical performance, Trane Technologies does not appear to be a strong candidate for an earnings beat based on current estimates and rankings [17]

Core Viewpoint - Lennox International Inc. has lowered its adjusted earnings and revenue growth guidance for the full-year 2025 due to ongoing industry volume pressures and consumer confidence trends [1]. Financial Guidance - For fiscal 2025, the company now projects adjusted earnings in a range of $22.75 to $23.25 per share, reflecting a revenue decline of about 1 percent [1]. - Previously, the company had expected adjusted earnings in a range of $23.25 to $24.25 per share with a revenue growth of about 3 percent [2]. Analyst Expectations - Analysts polled expect the company to report earnings of $23.30 per share on a revenue growth of 0.54 percent, translating to approximately $5.37 billion for the year [3].

Core Insights - Carrier Global Corporation, a leader in intelligent climate and energy solutions, will announce its Q3 2025 earnings on October 28, 2025, and will host a conference call at 7:30 a.m. ET [1][2] Company Overview - Carrier Global Corporation is dedicated to innovations that enhance comfort, safety, and sustainability, focusing on advancements in climate solutions such as temperature control and air quality [3] - The company has a long history, having invented modern air conditioning in 1902, and continues to prioritize customer-centric solutions through its inclusive workforce [3]