February 13, 2026 Fourth Quarter and Full Year 2025 Earnings Call Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995, including, without limitation, the slide entitled "2026 Outlook" and those that are based on current expectations, estimates and projections about the industries in which we operate and management's views, plans, objectives, projections, beliefs ...

On cash, Porvair generated £29.2 million of cash from operations, up 14% , which management attributed to improved trading performance and working capital discipline. The working capital outflow was £1.6 million , improved from £3.8 million the prior year. After capital spending, the company ended the year with £22.9 million of cash and no debt.Foreign exchange was a recurring theme. James said revenue faced a translation headwind from a weaker U.S. dollar, noting that about 45% of group revenue is delivere ...

Core Insights - Atmus Filtration Technologies Inc. reported financial results for Q4 and the full year ending December 31, 2025, highlighting strong performance in net sales and income [1] Financial Performance - Net sales reached $447 million for the fourth quarter and $1,764 million for the full year [1] - GAAP net income was $48 million for the fourth quarter and $207 million for the full year [1] - Diluted earnings per share stood at $0.58 for the fourth quarter [1]

Core Viewpoint - Atmus Filtration Technologies Inc. has appointed Heath Sharp to its Board of Directors, highlighting his extensive experience in scaling industrial businesses internationally [1] Company Summary - Atmus Filtration Technologies Inc. is recognized as a global leader in the filtration industry [1] - The CEO and President of Atmus, Steph Disher, emphasized Sharp's over 30 years of leadership experience in manufacturing, product development, and commercial execution [1] Leadership Impact - Heath Sharp's appointment is expected to enhance Atmus's strategic direction and operational execution due to his seasoned background in the industrial sector [1]

Core Viewpoint - Donaldson Company, Inc. will host a webcast for its second quarter 2026 earnings conference call on February 26, 2026, at 9:00 a.m. CT [1] Company Information - Donaldson Company, Inc. is recognized as a leading provider of innovative filtration products and solutions globally [1] Event Details - The live webcast can be accessed through the "Events & Presentations" section of Donaldson's Investor Relations website [1] - A replay of the webcast will be available after the live event [1]

Core Viewpoint - Jefferies upgraded Donaldson Company, Inc. to a "Buy" rating and increased the price target to $123, indicating positive sentiment towards the company's future performance [1][5]. Company Developments - Donaldson announced an agreement to acquire Facet Filtration for $820 million in cash, which is valued at 20 times the projected EBITDA for 2025, or 16.6 times when adjusted for tax benefits and cost savings, aiming to strengthen its position in the filtration industry [2]. - The current stock price of DCI is $101.13, reflecting a slight decrease of 0.79% from the previous day, with a trading range between $99.28 and $102.58 today [3]. - Donaldson's market capitalization is approximately $11.71 billion, indicating a significant presence in the market, with a trading volume of 559,393 shares today, suggesting active investor interest [4][5].

Core Viewpoint - Donaldson Company, Inc. has announced a definitive agreement to acquire Filtration Group's Facet Filtration business for approximately $820 million, which reflects a valuation of about 20.0x calendar year 2025 EBITDA, or 16.6x when adjusted for expected tax benefits and cost synergies [1][5] Group 1: Acquisition Details - The acquisition is an all-cash transaction valued at approximately $820 million [1] - Facet Filtration specializes in fuel and fluid filtration solutions, particularly in aerospace, defense, and power generation sectors [4] - Facet's products are utilized throughout the fuel supply chain, making it a pioneer in the jet fuel filtration market [4] Group 2: Strategic Importance - The acquisition is expected to enhance Donaldson's Industrial Solutions business by increasing exposure to durable end markets that require high-performance filtration solutions [2] - Approximately 70% of Facet's revenues are derived from recurring, regulated replacement part sales, which are characterized by high margins [2] - This acquisition is anticipated to expand Donaldson's addressable market and contribute to long-term profitable growth [3] Group 3: Financial Aspects - Donaldson plans to fund the acquisition through a combination of cash on hand and new debt financing [5] - Facet's projected sales for calendar year 2025 are estimated at $108 million, with significant revenue contributions from North America (57%) and Europe (26%) [4]

Core Viewpoint - Donaldson Company, Inc. has appointed Richard Lewis as the new president and CEO, effective March 2, 2026, succeeding Tod Carpenter, who will become executive chairman after 30 years with the company [1][2]. Group 1: Leadership Transition - Richard Lewis, currently the chief operating officer, will take over the role of president and CEO, reflecting the company's long-term succession planning [1][2]. - Tod Carpenter has led the company for 11 years as president and CEO, during which time he significantly expanded revenue and profit, and strengthened the operating model [2]. - The board expresses confidence in Lewis's ability to lead the company into its next growth phase, citing his deep understanding of Donaldson's operations [2]. Group 2: Company Background - Donaldson Company, Inc. was founded in 1915 and is recognized as a global leader in technology-led filtration products and solutions [3]. - The company serves a diverse range of industries and advanced markets, employing skilled personnel at over 150 locations across six continents [3]. - Donaldson addresses complex filtration challenges through three primary segments: Mobile Solutions, Industrial Solutions, and Life Sciences [3].

Company Overview - Atmus Filtration Technologies Inc. is a global leader in the filtration industry, operating for over 65 years with a focus on high-performance filtration solutions [3] - The company has two main business segments: Power Solutions, serving global on-and-off highway equipment markets through the Fleetguard® brand, and Industrial Solutions, targeting high-growth markets such as commercial and industrial HVAC, data centers, and power generation through the Koch Filter® brand [3] - Atmus is headquartered in Nashville, Tennessee, and employs nearly 5,000 people worldwide [3] Financial Reporting - Atmus will report its financial results for the fourth quarter and full year 2025 before market open on February 13, 2026 [1] - A conference call will be held on the same day at 10:00 a.m. CT to discuss the financial results with the investment community [1]

Core Viewpoint - Parker-Hannifin Corporation had a strong performance in 2025, with shares increasing by 38.2%, making it an attractive investment opportunity for industrial investors during pullbacks [1]. Financial Performance - The aerospace segment, which is the largest for Parker-Hannifin, experienced significant growth, contributing to margin expansion and multiple earnings beats [2]. - In fiscal 2025, the aerospace division grew by 13% and expanded operating margins by 300 basis points, offsetting a 3% decline in the general industrial segment [4]. - The first fiscal quarter of 2025 saw revenue growth accelerate to 3.7%, or 5% when accounting for divestitures, with adjusted earnings per share increasing by 16% [5]. Acquisitions and Strategy - Parker-Hannifin made two notable acquisitions in 2025: Curtis Instruments for $1 billion and Filtration Group for $9.25 billion, enhancing its presence in the electric vehicle and industrial filtration markets [6]. - The successful integration of Meggitt PLC, acquired for approximately $7.3 billion, contributed to the company's strong performance and cost synergies [4]. Market Position and Valuation - Parker-Hannifin is recognized as a high-performing company with a "Win 3.0" business excellence strategy, which has proven effective in a challenging macroeconomic environment [7]. - Currently, shares are trading at 33 times earnings, which is at the high end of the valuation range for the past decade, indicating that while the company may be fairly valued to over-valued, it remains a high-quality investment option [8].