BorgWarner Awards Baby Borg Trophies to Alex Palou and Chip Ganassi for 2025 Indianapolis 500 Win [Accessibility Statement] Skip Navigation--- Ceremony took place at the Unser IndyCar Open Test at Phoenix Raceway- Marks first Baby Borg for Alex Palou and seventh for team owner Chip GanassiAUBURN HILLS, Mich., Feb. 18, 2026 /PRNewswire/ -- BorgWarner presented 2025 Indianapolis 500 winner Alex Palou with his very own Championship Driver's Trophyâ"¢, fondly referred to as the 'Baby Borg.' The 20-inch trophy i ...

ITT Conference Call Summary Company Overview - **Company**: ITT Inc. (NYSE: ITT) - **Industry**: Engineering and manufacturing of components for harsh environments across various sectors including transportation, aerospace and defense, energy, chemicals, and mining - **Market Size**: Approximately $4 billion - **Growth**: Achieved 7% organic growth over the last three years [10][11] Core Business Segments 1. **Industrial Process**: Focuses on flow technologies, including pumps and valves 2. **Motion Technologies**: Produces brake pads and shock absorbers for various vehicles, including defense and high-speed trains 3. **Connect and Control Technologies**: Manufactures connectors and control components primarily for aerospace and defense [10][11] Financial Performance and Targets - **Long-term Growth Targets**: - 10% total growth - 5% organic growth until 2030 - Adjusted EPS target of over $11, potentially $12 with M&A adjustments - Adjusted operating margin target of 23-25% and cash flow margin of 14-15% [11][12] Market Demand Insights - **U.S. Industrial Demand**: Positive indicators observed in Q4 and January, particularly in aerospace and defense, automotive, and short-cycle projects [13][14] - **Backlog**: Healthy backlog with increased profitability; long-term visibility in air and defense sectors [15][16] - **Green Projects**: Significant growth in green projects, with a 90% increase in 2025 orders compared to 2024 [17] Segment-Specific Insights - **Aerospace and Defense**: Expected to see significant growth due to Boeing's production ramp-up and defense modernization investments [18][20] - **Automotive**: Anticipated to remain flat to slightly down, but ITT expects to outperform the market by 400-500 basis points [22][24] - **Industrial Process**: Expected low- to mid-single-digit growth; strong performance in short-cycle orders and spare parts [24][25] Acquisition Strategy - **SPX FLOW Acquisition**: Expected to close in March; aims to reduce automotive exposure to 20% and integrate successfully for growth [11][12][88] - **Integration Approach**: Focus on value creation rather than traditional integration; immediate synergies targeted [85][86] Profitability and Productivity - **Decentralized Structure**: Emphasizes accountability at local levels to drive productivity and growth; utilizes 48 KPIs for performance measurement [73][75] - **Pricing Power**: Strong pricing power in CCT segment; however, limited pricing power in automotive [57][100] Future Outlook - **Debt Management**: Post-acquisition focus on debt reduction, aiming for a debt ratio around 2.7 [110][114] - **Valuation Expectations**: Anticipated P/E ratio around 20 times [116] Key Risks and Considerations - **Market Volatility**: Potential impacts from economic fluctuations and sector-specific challenges, particularly in automotive and chemicals [22][66] - **Integration Challenges**: Ensuring smooth integration of SPX FLOW while maintaining customer satisfaction and operational efficiency [86][90] This summary encapsulates the key points discussed during the ITT conference call, highlighting the company's strategic direction, market performance, and future growth prospects.

Core View - The company reported strong fourth-quarter earnings but lowered its sales forecast for the upcoming fiscal year, indicating mixed performance expectations going forward [1][5]. Quarterly Metrics - The company achieved fourth-quarter adjusted earnings per share of $2.18, surpassing the analyst consensus estimate of $1.79 [2]. - Quarterly sales reached $10.84 billion, reflecting a 2% year-over-year increase and exceeding the expected $10.495 billion [2]. - Revenue growth occurred despite a 1% decline in global light vehicle production [2]. Sales and Production Insights - Increased sales were attributed to higher production on ongoing programs and the launch of new models, including the Ford Expedition and Lincoln Navigator, Xiaomi YU7, and Jetour Zongheng G700 [3]. - Reported U.S. dollar sales benefited from a net strengthening of foreign currencies, contributing an additional $355 million [3]. - Net customer recoveries helped offset higher tariff costs incurred during the year [3]. Financial Performance - Adjusted EBIT rose 18% to $814 million, with the adjusted EBIT margin expanding by 100 basis points to 7.5% [4]. - The company generated cash from operations of $1.98 billion, with free cash flow amounting to $1.35 billion during the quarter [4]. Dividend and Outlook - A fourth-quarter dividend of $0.495 per common share was declared, representing a 2% increase [5]. - The company forecasts fiscal 2026 adjusted earnings between $6.25 and $7.25 per share, exceeding analysts' estimate of $5.99 [5]. - The sales outlook for fiscal 2026 was lowered to a range of $41.9 billion to $43.5 billion, down from a previous forecast of $48.8 billion to $51.2 billion, with analysts expecting $42.141 billion [5]. Margin and Cash Flow Projections - The company projects an adjusted EBIT margin of 6% to 6.6% for the upcoming fiscal year [6]. - Anticipated strong free cash flow is expected to be utilized for share repurchases under the current buyback authorization [6]. Stock Performance - At the time of publication, Magna International shares increased by 20.56% to $69.70, reaching a new 52-week high [7].

Core Insights - The company reported strong operational performance in 2025, achieving a record operational performance despite facing inflationary pressures and supply chain disruptions [1][5] - The company received $298 million in net new business awards in 2025, which is expected to support profitable growth in the coming years [1][27] - The company achieved a 24% improvement in operating income for the year due to efficiency improvements and cost savings [2] Financial Performance - Fourth quarter 2025 sales reached $672 million, a 1.8% increase from 2024, despite production disruptions [7] - Full year 2025 sales totaled $2.74 billion, a 0.4% increase compared to 2024, driven by favorable foreign exchange and customer pricing adjustments [9][10] - Adjusted EBITDA for the full year 2025 was $209.7 million, up from $180.7 million in 2024, reflecting improved efficiencies and cost savings [10] Safety and Operational Excellence - The company achieved a safety incident rate of 0.24 per 200,000 hours worked in 2025, surpassing the previous best and well below the world-class benchmark [3] - 31 plants completed the year with a perfect safety record of zero reportable incidents, affirming the company's commitment to safety [3] Strategic Outlook - The company expects to continue building on its successes in 2025 to drive margin expansion and value for stakeholders in 2026 and beyond [5] - The company is optimistic about its growth strategy, particularly in the Fluid Handling Systems and Sealing Systems segments, with a focus on geographic expansion and innovation [21][22] - The company anticipates that revenue from Chinese OEMs will grow significantly, aiming to increase their share of total revenue from 36% to over 60% by 2030 [24][57] Cash Flow and Liquidity - The company ended 2025 with strong free cash flow of $44.6 million in the fourth quarter and positive free cash flow for the full year of $16.3 million [15] - Total liquidity at year-end was over $352 million, with cash on hand of $191.7 million and an undrawn revolving credit facility of $160.9 million [16][17] New Business and Innovation - The company received nearly $300 million in net new business awards in 2025, with 74% related to value-add innovations and battery electric or hybrid vehicle platforms [27][28] - The company expects to triple total sales to Chinese OEMs over the next five years, leveraging established relationships and technology [26][60]

Financial Data and Key Metrics Changes - In Q4 2025, sales totaled $672 million, a 1.8% increase compared to Q4 2024, despite disruptions in production volumes due to customer supply chain issues [9] - Full year 2025 sales reached $2.74 billion, a 0.4% increase from 2024, primarily driven by favorable foreign exchange and net customer pricing [11] - Adjusted EBITDA for Q4 2025 was $34.9 million, or 5.2% of sales, down from $54.3 million, or 8.2% of sales in Q4 2024, due to industry disruptions and inflationary costs [10] - For the full year 2025, adjusted EBITDA was $209.7 million, up from $180.7 million in 2024, reflecting improved manufacturing efficiencies and cost savings [12] Business Line Data and Key Metrics Changes - The company achieved $298 million in net new business awards in 2025, which is expected to support future profitable growth [7] - Cost savings of $64 million were generated from efficiency improvements and lean initiatives in the supply chain during 2025 [6] - The company reported a 24% improvement in operating income for the year, despite facing inflationary pressures [6] Market Data and Key Metrics Changes - The company anticipates a revenue growth rate of over 15% in China between 2025 and 2028, with expectations to triple total sales to Chinese OEMs globally over the next five years [25] - Chinese OEMs currently represent approximately 36% of revenue in China, with a target to increase this to over 60% by 2030 [24] Company Strategy and Development Direction - The company is focused on expanding its fluid handling systems segment geographically and leveraging growth trends in hybrid vehicles [22] - The sealing systems strategy aims to sustain operational excellence and leverage global expertise to drive profitable growth [23] - The company plans to continue investing in innovation and new product launches to enhance market share and customer value [22][23] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for 2026, citing successful execution of strategic plans and expected margin expansion [20] - The company expects to achieve a double-digit EBITDA margin for the full year in 2026, with the first quarter anticipated to be the weakest [30] - Management highlighted the importance of volume and mix as key factors influencing guidance for 2026, with a focus on maintaining strong relationships with customers [95] Other Important Information - The company ended 2025 with total liquidity of over $352 million, including $191.7 million in cash and $160.9 million available on its revolving credit facility [18] - Capital expenditures for 2025 were $48 million, or 1.8% of sales, consistent with the previous year [14] Q&A Session Summary Question: Is Lean a big contributor to the Adjusted EBITDA guidance? - Management indicated that it is more business as usual, with continuous improvement efforts ongoing [38] Question: Are new products included in the volume, mix, and price adjustments? - Yes, all new business booked in 2025 is included in the adjustments [39] Question: Is the F-Series production back to normal? - Management noted that production is ramping up, but specifics were not disclosed [44] Question: What is the urgency for refinancing before debt maturities? - Management prefers to complete refinancing before the first lien and third lien notes come current [63] Question: What are the biggest variables impacting guidance for 2026? - Volume and mix are the primary factors, with raw material fluctuations being less of a concern due to effective contracts [95]

Financial Data and Key Metrics Changes - In Q4 2025, sales totaled $672 million, an increase of 1.8% compared to Q4 2024, despite production disruptions [10] - Full year 2025 sales reached $2.74 billion, a 0.4% increase from 2024, primarily due to favorable foreign exchange and net customer pricing [12] - Adjusted EBITDA for Q4 2025 was $34.9 million, or 5.2% of sales, down from $54.3 million, or 8.2% of sales in Q4 2024 [11] - Full year adjusted EBITDA for 2025 was $209.7 million, up from $180.7 million in 2024 [13] - The net loss for the full year improved to $4.2 million from a net loss of $78.7 million in 2024 [13] Business Line Data and Key Metrics Changes - The company achieved $64 million in cost savings from efficiency improvements and lean initiatives in 2025 [6] - The fluid handling systems segment is focused on geographic expansion and innovation, particularly in hybrid vehicles [22] - The sealing systems segment aims to leverage engineering expertise for profitable growth in existing and new markets [24] Market Data and Key Metrics Changes - Chinese OEMs currently represent approximately 36% of revenue, with a target to increase this to over 60% by 2030 [25] - The company expects total revenue attributable to China to grow at a CAGR of over 15% between 2025 and 2028 [26] Company Strategy and Development Direction - The company is focused on operational excellence and margin expansion, with a strategic plan that includes geographic expansion and innovation [21] - Investments in new products and technologies are expected to drive growth, particularly in the hybrid and electric vehicle segments [27] - The company aims to triple its Return on Invested Capital by 2028 [31] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for 2026, expecting increased profitability and margin expansion despite a predicted decline in industry production volumes [30] - The company is confident in its ability to leverage future increases in production volume and expand into high-growth markets [31] Other Important Information - The company ended 2025 with total liquidity of over $352 million, including $191.7 million in cash [19] - Capital expenditures for 2025 were $48 million, or 1.8% of sales, consistent with the previous year [14] Q&A Session Summary Question: Is Lean a big contributor to the Adjusted EBITDA guidance? - Management indicated that it is more business as usual, with continuous improvement efforts ongoing [37] Question: Are new products included in the volume, mix, and price adjustments? - Yes, all new business booked in 2025 is included in the projections [38] Question: What is the status of the F-Series production? - Management noted that production is ramping up, but specifics were not disclosed [43] Question: What are the expectations for free cash flow in 2026? - Management expects positive free cash flow, with some working capital tied up due to new business launches [76] Question: What contract protections exist with Chinese customers? - The company has built strong relationships with Chinese OEMs, ensuring product quality and innovation [89]

Core Insights - PHINIA reported a strong fourth-quarter performance with net sales of $889 million, reflecting a 6.7% increase year-over-year, driven by growth in both Fuel Systems and Aftermarket segments for the third consecutive quarter [3][4][7] Financial Performance - Fuel Systems sales reached $560 million, up 7.9%, with an adjusted operating margin of 10.7% [2] - Aftermarket sales were $329 million, up 4.8%, with an adjusted operating margin of 15.8% [2] - Adjusted EBITDA for the quarter was $116 million, a $6 million increase from the previous year, with a margin of 13% [2][9] - Full-year revenue was approximately $3.5 billion, up 3%, with adjusted EBITDA of $478 million, remaining flat year-over-year [11][7] Growth Drivers - The company experienced favorable foreign exchange impacts of approximately $25 million and tariff recoveries of about $15 million, contributing to revenue growth [10][6] - Excluding these factors, revenue growth was modest at 2.3% for Q4 and 1.1% for the full year [6][11] Capital Allocation - PHINIA aggressively returned capital to shareholders, repurchasing 9.8 million shares (about 21% of the original count) and returning over $500 million through buybacks and dividends [5][18] - The company announced an 11% increase in dividends and a $150 million increase in the share repurchase program [18] 2026 Outlook - For 2026, PHINIA guided net sales between $3.5 billion and $3.7 billion, with adjusted EBITDA expected to be between $485 million and $525 million [20] - The company anticipates industry volumes to be flat to slightly down, but aims to offset this through market share gains in Aftermarket and growth in Off-Highway and Industrial segments [19][20]

This presentation contains forward-looking statements within the meaning of U.S. federal securities laws. Forward-looking statements are statements other than historical fact that provide current expectations or forecasts of future events based on certain assumptions and are not guarantees of future performance. Forward-looking statements use words such as "anticipate," "believe," "continue," "could," "designed," "effect," "estimate," "evaluate," "expect," "forecast," "goal," "initiative," "intend," "likely ...

Group 1 - Dana Incorporated has appointed Byron Foster as Chief Executive Officer, effective July 1, 2026, allowing for a structured transition period [1] - R. Bruce McDonald will continue as Chairman of the Board after serving as Chairman and CEO since 2024 [1] - Byron Foster has over two decades of senior leadership experience and has been instrumental in driving sales growth and profit margin improvement in Dana's Light Vehicle Systems business [1] Group 2 - Dana reported preliminary sales of $7.5 billion in 2025 and operates with 28,000 employees across 24 countries [1] - The company specializes in designing and manufacturing propulsion and energy-management solutions for various mobility markets globally [1] - Dana is focused on sustainable progress through both conventional and clean-energy solutions, supporting nearly every vehicle manufacturer [1]

Q4 & FY 2025 Earnings Call Presentation February 11, 2026 Update pic Forward-Looking Statements This presentation may contain forward-looking statements as contemplated by the 1995 Private Securities Litigation Reform Act that are based on management's current outlook, expectations, estimates and projections. Words such as "anticipates," "believes," "continues," "could," "designed," "effect," "estimates," "evaluates," "expects," "forecasts," "goal," "guidance," "initiative," "intends," "may," "outlook," "pl ...