Group 1 - Kennametal Inc. announced the election of Shelley Bausch to its Board of Directors, effective May 1, 2025, replacing Cindy L. Davis, who will retire on September 1, 2025 [1] - Shelley Bausch has over 30 years of experience in leading global manufacturing businesses, with a strong track record in driving growth and transforming businesses [3] - Bausch previously served as President of Global Industrial Coatings at Axalta, where she led various industrial coatings businesses and expanded into new markets [2][4] Group 2 - William M. Lambert, Chairman of Kennametal's Board, expressed confidence in Bausch's ability to contribute to the company's strategy and shareholder value [3] - Sanjay Chowbey, President & CEO of Kennametal, highlighted Bausch's expertise in operational excellence, strategic execution, and P&L leadership [3] - Kennametal has over 85 years of experience in industrial technology, generating $2 billion in revenues in fiscal 2024, and employs approximately 8,400 people globally [8]

Core Insights - The company's fiscal 2025 second quarter results were generally in line with expectations, with consolidated sales impacted by challenges in the engineering business, particularly energy storage solutions, although demand is recovering with customer quotes exceeding $100 million since early February 2025 [1][2][8] Financial Performance - Consolidated sales for Q2 FY2025 were $427.6 million, a decrease of 9.3% from $471.2 million in Q2 FY2024 [7][10] - Net loss attributable to the company was $8.9 million, or $0.29 per share, compared to a net income of $9.0 million, or $0.29 per share in the prior year, marking a significant decline [11][27] - Adjusted EBITDA for the quarter was $51.4 million, down 9.5% from $56.8 million a year ago, primarily due to lower performance in the Industrial Technologies and Memorialization segments [9][11][22] Cost Management and Strategic Initiatives - The company has successfully implemented cost reduction initiatives, projected to exceed initial estimates of $50 million in savings [2][8] - The SGK transaction is expected to close in early May 2025, with an upfront consideration of $350 million, including $250 million in cash primarily for debt reduction and $50 million in preferred equity [3][5] Segment Performance - Sales in the Memorialization segment decreased to $205.6 million from $222.2 million year-over-year, while the Industrial Technologies segment saw a drop from $116.1 million to $80.8 million [10][22] - The SGK Brand Solutions segment reported an increase in sales from $132.9 million to $141.2 million, reflecting growth in brand experience sales [10][22] Year-to-Date Results - For the six months ended March 31, 2025, consolidated sales were $829.5 million, down 10.0% from $921.2 million in the same period last year [12][13] - The year-to-date net loss attributable to the company was $12.4 million, or $0.40 per share, compared to a net income of $6.7 million, or $0.22 per share in the prior year [14][27]

Core Insights - Illinois Tool Works Inc. (ITW) reported first-quarter 2025 adjusted earnings of $2.38 per share, exceeding the Zacks Consensus Estimate of $2.34, but reflecting a 2.5% year-over-year decline [1] - Revenues for the quarter were $3,839 million, slightly below the consensus estimate of $3,842 million, marking a 3.4% year-over-year decrease, primarily due to unfavorable foreign currency translation and a 1.6% decline in organic sales [1] Segment Performance - Test & Measurement and Electronics revenues decreased 6.3% year over year to $652 million, missing the estimate of $687.8 million [2] - Automotive Original Equipment Manufacturer revenues fell 3.7% year over year to $786 million, slightly above the estimate of $772.8 million [2] - Food Equipment revenues were $627 million, down 0.7% year over year, close to the estimate of $629.3 million [3] - Welding revenues decreased 0.9% year over year to $472 million, surpassing the estimate of $465.1 million [3] - Construction Products revenues declined 9.2% year over year to $443 million, below the estimate of $453.8 million [4] - Specialty Products revenues were $435 million, reflecting a 1% year-over-year decrease, also below the estimate of $445.6 million [4] - Polymers & Fluids revenues of $429 million declined 0.8% year over year, slightly above the estimate of $422 million [4] Margin Profile - Cost of sales increased 0.7% year over year to $2.16 billion, while selling, administrative, and research and development expenses rose 4.4% year over year to $706 million [5] - The operating margin was 24.8%, down 60 basis points from the previous year, with enterprise initiatives contributing 120 basis points to the margin [5] Balance Sheet and Cash Flow - At the end of Q1 2025, cash and equivalents stood at $873 million, down from $948 million at the end of December 2024 [6] - Long-term debt increased to $7.28 billion from $6.31 billion at the end of December 2024 [6] - Net cash generated from operating activities was $592 million, reflecting a 0.5% increase year over year [7] - Capital spending on plant and equipment was $96 million, up 1% year over year, with free cash flow at $496 million, a 0.4% year-over-year increase [7] 2025 Guidance - ITW reaffirmed its full-year 2025 financial guidance, expecting earnings in the range of $10.15-$10.55 per share [8] - Revenues and organic revenues are projected to increase by 0-2%, with an expected operating margin of 26.5–27.5% [8] - Enterprise initiatives are anticipated to contribute approximately 100 basis points to the operating margin [8] - The company projects free cash flow to exceed 100% of net income and plans to repurchase about $1.5 billion worth of shares [9] - The effective tax rate is expected to be around 24% [9]

1Q 2025 Earnings Investor Presentation April 30, 2025 The Timken Company The Company cautions that actual results may differ materially from those projected or implied in forward-looking statements due to a variety of important factors, including: the finalization of the Company's financial statements for the first quarter 2025; fluctuations in customer demand for the Company's products or services; unanticipated changes in business relationships with customers or their purchases from the Company; changes i ...

First Quarter 2025 Earnings Conference Call April 30, 2025 Forward-Looking Statements Safe Harbor Statement This presentation and related conference call contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may include, without limitation, statements regarding global supply chain challenges, expected impact of inflation including raw material inflation and rising interest rates, the potential impact of tariffs, the Company's projected ...

Oshkosh Corporation First Quarter 2025 April 30, 2025 JOHN PFEIFER - PRESIDENT AND CHIEF EXECUTIVE OFFICER MATTHEW FIELD – EXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER PATRICK DAVIDSON – SENIOR VICE PRESIDENT, INVESTOR RELATIONS Forward-looking statements This presentation contains statements that the Company believes to be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact, including, witho ...

Core Insights - Franklin Electric Co., Inc. reported first quarter 2025 net sales of $455.2 million, a decrease of 1% compared to $460.9 million in the first quarter of 2024 [10] - The company's operating income for the first quarter 2025 was $44.1 million, down from $47.9 million in the same period last year [10] - Earnings per share (EPS) for the first quarter 2025 was $0.67, compared to $0.70 in the first quarter 2024 [10] Financial Performance - First quarter 2025 net sales were $455.2 million, a decrease of $5.7 million or 1% from the prior year [10][22] - Operating income was $44.1 million, with an operating margin of 9.7% [10][24] - Net income attributable to Franklin Electric was $30.962 million, down from $32.959 million in the first quarter 2024 [17] Segment Performance - Water Systems net sales were $287.3 million, an increase of $0.7 million or less than 1% compared to the first quarter of 2024 [4] - Distribution segment net sales decreased by $5.1 million or 3% to $141.9 million due to lower volumes and negative pricing [5] - Energy Systems net sales increased by $4.7 million or 8% to $66.8 million, driven by higher volumes and price realization [6] Cash Flow and Guidance - Net cash flows used in operating activities for the first quarter of 2025 were $19.5 million, compared to $1.4 million in the same period in 2024 [7] - The company maintains its full-year 2025 sales guidance in the range of $2.09 billion to $2.15 billion and has adjusted its EPS guidance to a range of $3.95 to $4.25 [8] Strategic Initiatives - The company completed two acquisitions during the quarter, aligning with its value creation framework [3] - CEO Joe Ruzynski highlighted the positive order trends and robust backlog entering the second quarter, despite challenges in the Distribution business due to unfavorable weather [2]

Core Viewpoint - Illinois Tool Works Inc. (ITW) is expected to report first-quarter 2025 results on April 30, with a consensus estimate indicating a decrease in both revenues and adjusted earnings compared to the previous year [1][2][7] Revenue and Earnings Estimates - The consensus estimate for revenues is $3.84 billion, reflecting a 3.3% decline from the same quarter last year [2] - Adjusted earnings are estimated at $2.34 per share, which is a 4.1% decrease from the year-ago quarter [2] - Overall, total revenues are projected to be $3.9 billion, indicating a 2.6% year-over-year decrease, while adjusted earnings are expected to decline by 13.5% to $2.37 per share [7] Segment Performance Insights - The Test & Measurement and Electronics segment is likely to benefit from recovery in the MTS Test & Simulation business and the semiconductor end market [3] - Growth in institutional end markets in North America and increased demand in European warewash and cooking markets are expected to drive the Food Equipment segment [3] - The Polymers & Fluids segment is anticipated to perform well due to rising demand in Europe, particularly in the life sciences market [3] - The Specialty Products segment is projected to see revenues of $445.6 million, a 1.3% increase from the previous year, aided by strong performance in ground support equipment and consumer packaging [4] Challenges and Declines - The Automotive OEM segment is expected to face a revenue decline of 5.3% year-over-year to $772.8 million due to a decrease in North American auto build rates [5] - The Welding segment is also projected to see a revenue drop of 2.3% year-over-year to $465.1 million, attributed to declining demand in industrial and commercial markets [6] - Foreign currency headwinds are likely to negatively impact ITW's margins and profitability due to its significant international operations [6] Earnings Prediction - The company has a positive Earnings ESP of +0.15%, suggesting a potential earnings beat, with the most accurate estimate at $2.34 per share, slightly above the consensus estimate of $2.33 [8][9]

Core Insights - Flex has significantly increased its production capacity for data center power products at its manufacturing facility in Columbia, South Carolina, to meet rising power infrastructure demands driven by AI adoption [2][4] - The company has expanded its global manufacturing footprint by over eight million square feet since fiscal year 2024, including four new strategic locations primarily in the U.S. [4] - Flex's U.S. presence now exceeds 13 million square feet across 17 facilities, complemented by approximately nine million square feet in Mexico, establishing one of the largest advanced manufacturing footprints in North America [5][7] Company Strategy - The expansion of dedicated production capacity is aimed at addressing the power challenges in compute-intensive environments, allowing Flex to better serve U.S. data center operators [4] - The recent opening of a 400,000 sq. ft. facility in Dallas, Texas, alongside the Columbia facility, focuses on critical power products to enable faster production at scale [3] Market Demand - Rapid AI adoption across various sectors is increasing the demand for reliable, efficient, and scalable power infrastructure solutions among data center operators [4]

Financial Data and Key Metrics Changes - Graco reported first-quarter sales of $528 million, a 7% increase from the previous year, with 6% growth attributed to acquisitions and 3% organic growth, while currency translation reduced sales by 2% [6][7] - Net earnings increased by 2% to $124 million or $0.72 per diluted share, with adjusted non-GAAP net earnings rising 8% to $120 million or $0.70 per diluted share [7][11] - The gross margin rate decreased by 150 basis points, primarily due to acquisitions and higher product costs from lower factory volume [7][8] - Operating earnings increased by 8% to $11 million, maintaining an operating margin of 27% [9] Business Line Data and Key Metrics Changes - The Contractor segment experienced a 1% sales decline due to softness in the home center business and challenging EMEA construction markets, despite strong performance in the North America propane channel [22][24] - The Industrial segment saw a 5% sales increase across all regions, with strong activity in powder finishing systems and vehicle services [24][25] - Expansion markets segment sales increased by 12%, driven by positive momentum in the semiconductor market and growth in environmental businesses [25][26] Market Data and Key Metrics Changes - Contractor segment sales in Asia Pacific increased by 35%, primarily driven by strong business in Australia and New Zealand, offsetting sluggish performance in China [116] - China accounted for nearly 6% of global revenue and cost of goods sold, with ongoing plans to mitigate tariff impacts through sourcing and manufacturing adjustments [18][19][85] Company Strategy and Development Direction - Graco maintains full-year revenue guidance of low single-digit growth on an organic constant currency basis, with potential revenue impact from evolving trade policies and tariffs estimated at 1% to 2% [27] - The company is focused on integrating Corab and leveraging its US manufacturing footprint to gain a competitive advantage [15][24] - Strategic initiatives include qualifying additional suppliers, moving component manufacturing to US factories, and redesigning products to mitigate tariff impacts [19][43] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in long-term success despite near-term challenges, emphasizing the importance of patience and understanding market dynamics before making pricing decisions [50][56] - The company is closely monitoring economic conditions and customer confidence, particularly in the industrial sector, which is not typically characterized by short-cycle buying [127][128] Other Important Information - Cash provided by operations totaled $125 million, with significant cash uses including share repurchases of $238 million and dividends of $47 million [11][12] - The company has about three months of finished goods inventory in China, which will help limit exposure to tariff impacts in the second quarter [20] Q&A Session Summary Question: Clarification on tariff impacts and inventory positioning - Management noted that while there was some pre-positioning of inventory ahead of tariffs, the exact quantification of this impact is challenging [30][34] Question: Impact of tariffs on revenue and cost of goods sold - Management estimated a 1% to 2% revenue headwind from China, with ongoing efforts to mitigate costs through alternative sourcing and product redesign [40][43] Question: Margin management and pricing strategy - Management emphasized a balanced approach to managing margins and customer service, with the ability to adjust pricing if necessary [50][56] Question: Order trends pre and post-tariff implementation - Order intake in Q1 was consistent with revenue, with no significant degradation in order trends observed in April [74] Question: Update on Corab integration and M&A activity - Management reported positive early integration efforts with Corab and a strong pipeline for potential acquisitions [78][138]