Financial Data and Key Metrics Changes - The company reported fourth quarter sales of approximately $1.4 billion, with full year sales of approximately $5.8 billion, reflecting a decrease from $6.12 billion in 2024 [6][16] - Adjusted EBITDA for the fourth quarter was $169 million, or 12.2% of sales, while for the full year it was $743 million, or 12.7% of sales, up from 12.2% in the previous year [6][7] - Adjusted earnings per share in the fourth quarter was $0.07, compared to a loss of $0.06 per share in the same quarter of 2024, and for the full year, it was $0.53 versus $0.51 in 2024 [19] Business Line Data and Key Metrics Changes - The company experienced margin improvement in both metal forming and driveline business units, focusing on operational efficiency [7][10] - The sale of the commercial vehicle axle business in India negatively impacted sales by $27 million in the fourth quarter [16] Market Data and Key Metrics Changes - North American production is expected to be approximately 15 million units in 2026, Europe at approximately 17 million units, and China at approximately 33 million units, with global production at approximately 93 million units [12] Company Strategy and Development Direction - The company aims to achieve efficient integration of the Dowlais acquisition, targeting $300 million in synergies with a focus on operational excellence and profitability [10][11] - The strategic combination is expected to enhance the product portfolio and customer base, supporting electric, hybrid, and ICE powertrains [10][14] Management's Comments on Operating Environment and Future Outlook - Management anticipates a challenging operating environment due to ongoing trade policy discussions and macroeconomic factors, but remains optimistic about achieving financial targets [12][30] - The company expects to generate adjusted free cash flow of $235 million to $325 million in 2026, with a focus on margin growth and capital allocation [25][26] Other Important Information - The company has changed its name from American Axle & Manufacturing Holdings, Inc. to Dauch Corporation, reflecting its new identity post-acquisition [13][14] - The company expects to incur cash costs associated with synergy capture in the range of $100 million to $125 million for 2026 [26] Q&A Session Summary Question: What is the outlook for the two individual businesses? - Management noted that both legacy businesses are experiencing similar market conditions, with slight declines in production forecasts for North America and Europe [34][35] Question: Can you clarify the cash flow situation considering restructuring costs? - Management expects to generate positive cash flow from operations even after accounting for restructuring and synergy costs, projecting $50 million of cash flow available for debt repayment in 2026 [40] Question: Is there potential for upside in the $300 million synergies? - Management expressed confidence in achieving the $300 million synergies and indicated potential for additional savings as they assess the Dowlais plants [48][49] Question: How will Dowlais's equity income be reported? - Dowlais's equity income will be reported as equity income in the P&L, contributing approximately $65 million to $75 million to adjusted EBITDA [61]

Financial Data and Key Metrics Changes - In Q4 2025, sales totaled $672 million, a 1.8% increase compared to Q4 2024, despite disruptions from a customer supply chain issue [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 [10] - Full year 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, supporting future growth [7] - Cost savings of $64 million were generated from efficiency improvements and lean initiatives in the supply chain [6] - The company reported a 24% improvement in operating income for the year, despite inflationary pressures [6] Market Data and Key Metrics Changes - The company expects total revenue attributable to China to grow at a CAGR of over 15% between 2025 and 2028, with plans to increase revenue from Chinese OEMs to over 60% by 2030 [25][24] - North American production volumes are projected to decrease from 15.3 million in 2025 to 15 million in 2026, while European volumes are expected to decline from 17 million to 16.9 million [72] Company Strategy and Development Direction - The company aims to leverage growth trends in hybrid vehicles and expand geographically with key fast-growing customers [22] - The strategy for the fluid handling systems segment focuses on launching innovative products and technologies [22] - The sealing systems strategy emphasizes operational excellence and leveraging global expertise to drive profitable growth [23] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for 2026, expecting increased profitability and margin expansion despite a challenging production environment [30] - The company is confident in its ability to expand margins even in a stable production environment, with a target of achieving a double-digit EBITDA margin for the full year [30] - Management highlighted the importance of volume and mix as key factors influencing guidance for 2026 [91] 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, consistent with the previous year, focusing on customer launch readiness and new business growth [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][45] 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 [62] Question: What are the key 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 [91]

Fourth Quarter 2025 Earnings Call 3 Business Update Forward-Looking Statements In this presentation, Dauch Corporation ("Dauch") makes statements concerning its expectations, beliefs, plans, objectives, goals, strategies, and future events or performance, including, but not limited to, certain statements related to future capital expenditures, expenses, revenues, economic performance, synergies, financial conditions, market growth, dividend policy, losses and future prospects and business; and management st ...

Financial Data and Key Metrics Changes - In Q4 2025, sales increased by 2% to $10.8 billion, with adjusted EBIT margin expanding by 100 basis points to 7.5% [7][12] - For the full year, sales were $42 billion, slightly down due to softer volumes in North America and Europe, while adjusted EBIT margin rose by 20 basis points to 5.6% [8][9] - Adjusted EPS rose by 29% in Q4 to $2.18 and increased by 6% for the full year to $5.73 [7][8] - Free cash flow for the full year reached $1.9 billion, an increase of $849 million [8][18] Business Line Data and Key Metrics Changes - Three of the four segments posted higher sales year-over-year, with seating increasing by 8%, while complete vehicles saw a decline of 10% [16] - Adjusted EBIT margin for body exteriors and structures and seating improved year-over-year, with seating margins benefiting from a warranty pool reversal [16][17] - Power and vision margins were negatively impacted by discrete items, but operational improvements are expected to drive margin expansion in 2026 [17] Market Data and Key Metrics Changes - Global light vehicle production was down 1% overall in Q4, with North America and China declining, while Europe saw an increase [13] - Magna's sales growth is expected to be near flat to up 3.5% in 2026, driven by new program launches and foreign currency translation [21] Company Strategy and Development Direction - The company is focused on operational excellence initiatives, which contributed to margin expansion and are expected to continue delivering benefits in 2026 [10][26] - A disciplined approach to capital spending is emphasized, with plans to repurchase approximately 22 million shares in 2026 while maintaining financial flexibility [6][24] - The outlook for 2026 includes expected adjusted EBIT margin expansion of 40-100 basis points and strong free cash flow [22][24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in executing their capital allocation strategy and driving EPS growth alongside strong free cash flow [6][26] - The company anticipates a relatively flat light vehicle production environment overall, with slight declines in North America and China offset by increases in Europe [20][21] - Management highlighted the importance of operational excellence and customer recoveries in achieving financial targets [31][38] Other Important Information - The company achieved significant milestones in 2025, including hitting annual bookings targets and securing 90% of its 2028 business [9] - Magna was recognized as one of the world's most ethical companies and most admired companies, reflecting strong corporate governance [11] Q&A Session Summary Question: Guidance for outgrowth excluding complete vehicles - Management attributed the outgrowth guidance of 1%-4% to operational excellence activities and new program launches [29][31] Question: Operational excellence and commercial recoveries - Management confirmed that operational excellence is a continuing journey, with expectations for ongoing margin improvements [35][36] Question: Seating segment outlook - Management reassured that seating remains a core business, with no loss of incumbent programs, and highlighted the impact of program roll-offs on margins [45][46] Question: Free cash flow sustainability - Management indicated that the guidance for free cash flow in 2026 is sustainable, targeting a conversion of 100% on net income [51][52] Question: Ford recall and warranty impacts - Management clarified that one recall matter was resolved, while another is ongoing, impacting margins in the power and vision segment [54][63] Question: Growth in power and vision segment - Management noted that growth in the power and vision segment is driven by new launches and operational improvements [64][66]

Introduction Roger Hendriksen | Director, Investor Relations 2025 Year in Review Jeff Edwards | Chairman and Chief Executive Officer Financial Overview Jon Banas | Executive VP and Chief Financial Officer Strategic Overview and Outlook Jeff Edwards Creating Sustainable Solutions TOGETHER Fourth Quarter and Full Year 2025 Earnings Presentation February 13, 2026 Agenda Q & A 2 Forward-Looking Statements This presentation includes "forward-looking statements" within the meaning of U.S. federal securities laws, ...

February 13, 2026 Q4 & FY 2025 and 2026 Outlook 1 Q4 & FY 2025 and 2026 OUTLOOK Vice President, Investor Relations Louis Tonelli 2 Q4 & FY 2025 and 2026 OUTLOOK Forward-Looking Statements Certain statements in this document constitute "forward-looking information" or "forward-looking statements" (collectively, "forward-looking statements"). Any such forward-looking statements are intended to provide information about management's current expectations and plans and may not be appropriate for other purposes. ...

Core Insights - Advance Auto Parts reported its fourth quarter and full year 2025 results, highlighting significant financial performance and strategic initiatives [1] Financial Performance - The company achieved a total revenue of $10.5 billion for the full year 2025, representing a 5% increase compared to the previous year [1] - In the fourth quarter alone, revenue reached $2.8 billion, marking a 3% year-over-year growth [1] - Gross profit for the year was reported at $3.5 billion, with a gross margin of 33.3%, slightly up from 32.9% in 2024 [1] Strategic Initiatives - The company emphasized its commitment to enhancing customer experience through digital transformation and improved supply chain efficiency [1] - Advance Auto Parts plans to open 50 new stores in 2026, aiming to expand its market presence and accessibility [1] - The company is investing in technology to streamline operations and improve inventory management, which is expected to drive future growth [1]

Core Insights - The company delivered 2025 results in line with expectations by leveraging a diversified mix of regions, customers, and end markets to mitigate macro volatility [1] - Achieved year-over-year growth in both Fuel Systems and Aftermarket segments for three consecutive quarters, driven by strong performance in Asia and the Americas [1] - A strategic shift of Original Equipment Service (OES) sales from Aftermarket to Fuel Systems was implemented to streamline distribution and reduce administrative burdens [1] Financial Performance - Expanded the industrial and off-highway footprint to 6% of total sales, reflecting a deliberate pivot toward higher-growth, non-automotive adjacencies [1] - Aftermarket resilience was supported by an aging global vehicle fleet and the addition of approximately 5,800 new SKUs to enhance portfolio coverage [1] - Maintained a disciplined capital allocation strategy, returning over $500 million to shareholders since the spin-off while keeping net leverage at a conservative 1.3x [1]

Core Insights - Cooper Standard reported strong cash flow and margin expansion for the fourth quarter and full year 2025, despite industry disruptions [1][2] - The company anticipates further improvements in 2026, with adjusted EBITDA margins expected to reach or exceed 10% of sales [1] Financial Performance - Fourth Quarter 2025: - Net cash provided by operating activities was $56.2 million, and free cash flow was $44.6 million [1] - Adjusted EBITDA totaled $34.9 million, representing 5.2% of sales [1] - Net income was $3.3 million, or $0.18 per diluted share, a decrease of $36.9 million compared to Q4 2024 [1] - Sales increased by 1.8% to $672.4 million compared to Q4 2024 [1] - Full Year 2025: - Net cash provided by operating activities was $64.4 million, and free cash flow was $16.3 million [1] - Adjusted EBITDA was $209.7 million, or 7.6% of sales, an increase of $29.0 million from 2024 [1] - Net loss improved to $4.2 million, or $(0.23) per diluted share, an improvement of $74.6 million from 2024 [1] - Sales totaled $2.74 billion, a 0.4% increase from 2024 [1] Segment Performance - Sealing Systems: - Sales were $357.8 million, up from $350.4 million in Q4 2024 [2] - Adjusted EBITDA decreased to $32.1 million from $40.2 million in Q4 2024 [2] - Fluid Handling Systems: - Sales were $297.1 million, up from $294.8 million in Q4 2024 [2] - Adjusted EBITDA decreased to $15.1 million from $27.3 million in Q4 2024 [2] Cash Flow and Liquidity - As of December 31, 2025, cash and cash equivalents totaled $191.7 million, with total liquidity of $352.6 million [1] - The company believes it has sufficient financial resources to support ongoing operations and strategic initiatives [1] New Business Awards - In 2025, Cooper Standard received new business awards totaling $297.9 million, with 74% related to battery electric and full-hybrid vehicle programs [1][2] - The company continues to leverage its engineering and manufacturing capabilities to win new business [1]

Core Viewpoint - PHINIA Inc. reported a strong performance in the fourth quarter and full year of 2025, highlighting growth in net sales and operational efficiency [1] Group 1: Financial Performance - Net sales for the fourth quarter reached $889 million, representing a 6.7% increase compared to Q4 2024 [1] - When excluding the impacts of foreign currency and acquisitions, net sales increased by $19 million or 2.3% [1] - The growth in net sales was primarily driven by an increase of $25 million and $12 million from foreign currency impacts and acquisitions, respectively [1]