Key Takeaways Nordson's Q1 fiscal 2026 EPS rose 15% to $2.37, beating estimates as revenues grew 8.8% year over year.NDSN's Advanced Technology Solutions sales jumped 23.1%, with organic growth of 20.7% in the quarter.Nordson raised fiscal 2026 guidance, projecting sales of $2.86-$2.96B and EPS of $11-$11.60.Nordson Corporation’s (NDSN) first-quarter fiscal 2026 (ended Jan. 31, 2026) adjusted earnings of $2.37 per share surpassed the Zacks Consensus Estimate of $2.36. The bottom line increased 15% year over ...

Core Insights - Reliance, Inc. reported profits of $116.5 million or $2.22 per share for Q4 2025, an increase from $105.3 million or $1.93 per share in the same quarter last year, but fell short of the Zacks Consensus Estimate of $2.80 per share [1] - The company achieved net sales of $3,498.6 million, reflecting a year-over-year increase of approximately 11.9%, surpassing the Zacks Consensus Estimate of $3,382.4 million [1] Segment Performance - Shipments increased by 5.8% year-over-year to 1,528.7 thousand tons, exceeding the estimate of 1,522.5 thousand tons, with the average selling price per ton rising 5.6% to $2,292, above the estimate of $2,271 [2] - Demand for non-residential construction, Reliance's largest end market, strengthened compared to Q4 2024, with expectations for continued healthy demand through Q1 2026 due to investments in data centers and public infrastructure [3] - The broader manufacturing market saw improved demand year-over-year, driven by growth in military, industrial machinery, and construction machinery sectors, with expectations for continued strength in Q1 [4] - Aerospace demand increased compared to the prior-year quarter, with expectations for consistent commercial aerospace demand in Q1 due to build-rate increases [5] - Demand for automotive toll processing services remained flat year-over-year, with steady performance expected in Q1, influenced by North American trade policy [6] - The semiconductor market experienced soft demand relative to Q4 2024, with elevated inventory levels impacting activity, and these headwinds are expected to persist into Q1 [7] Financial Position - As of December 31, 2025, Reliance held $216.6 million in cash and cash equivalents, with total outstanding debt of $1.43 billion, including $277 million borrowed under a $1.5 billion revolving credit facility [8] - The company generated $276.1 million in operating cash flow during Q4, demonstrating strong cash flow generation across various market conditions [8] - Reliance repurchased approximately 716,000 shares of common stock in Q4 at an average price of $279.30 per share, totaling $200.1 million [9] Outlook - Reliance anticipates healthy demand across diverse end markets in Q1, projecting a 5% to 7% increase in tons sold from the prior quarter [12] - The average selling price per ton is expected to rise by 3% to 5% sequentially, with a modest improvement in FIFO gross profit margin anticipated [13] - The company forecasts adjusted earnings per share in the range of $4.50 to $4.70 for Q1, accounting for an estimated LIFO expense of $25 million [13] Stock Performance - Reliance's shares have gained 11.2% over the past year, compared to the industry growth of 44.8% [14]

Conestoga Capital Advisors, an asset management company, released its fourth-quarter 2025 investor letter. As many believe, US equities experienced solid returns in 2025, with double-digit gains across all major indices, yet underlying conditions revealed extreme volatility and market leadership. A copy of the letter can be downloaded here. In Q4 2025, Conestoga Capital Advisors Small Cap Strategy returned -1.89% net-of-fees, trailing the Russell 2000 Growth Index’s 1.22% return. The returns were volatile i ...

Key TakeawaysFrance successfully auctioned €1.495 billion in inflation-linked bonds, with demand for long-dated 2040 maturities reaching a bid-to-cover ratio of 3.22x.Blue Owl Capital (OWL) offloaded $1.4 billion in direct lending assets to institutional investors at 99.7% of par value, aimed at returning capital to shareholders.UK manufacturing orders improved slightly to -28 in February, matching estimates, but selling price expectations of 26 came in higher than the forecasted 23.The German government cl ...

As filed with the U.S. Securities and Exchange Commission on February 18, 2026. Registration No. 333-[_] UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________ FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 _________________________ NewHold Investment Corp IV (Exact name of registrant as specified in its charter) _________________________ Cayman Islands 6770 N/A (State or other jurisdiction of incorporation or organization) (Primary Standard Indus ...

Financial Data and Key Metrics Changes - Enpro's total sales increased by 9% to $1.14 billion in 2025, driven by strong performance in aerospace, food and biopharma, and semiconductor markets [5][12] - Adjusted EBITDA for the fourth quarter was $69.4 million, up 19.2%, with an adjusted EBITDA margin of 23.5%, an increase of 100 basis points [14] - Adjusted diluted earnings per share rose nearly 27% to $1.99 compared to the prior year period [14] Business Line Data and Key Metrics Changes - Sealing Technologies sales increased by almost 15% to $187.1 million in the fourth quarter, with organic sales up nearly 8% year-over-year [15] - Advanced Surface Technologies (AST) sales grew by 13.4% to $108.4 million, with continued strength in precision cleaning solutions [16] - Adjusted segment EBITDA margin for Sealing Technologies expanded to 32.8%, while AST maintained a margin above 20% [16][17] Market Data and Key Metrics Changes - The aerospace and food and biopharma markets showed healthy demand, while commercial vehicle OEM demand remained weak [15][38] - The overall industrial business is strong, with order demand remaining robust across various sectors [38] Company Strategy and Development Direction - Enpro's strategy focuses on organic growth of mid- to high single digits through 2030, with a commitment to strategic acquisitions that enhance capabilities [4][10] - The company aims to maintain premium profitability and return levels while investing in growth and efficiency projects [3][10] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the second half of 2026, anticipating improved order flow and recovery in semiconductor capital equipment spending [9][21] - The company remains well-positioned to participate in a stronger semiconductor market and expects to leverage recent investments for growth [9][23] Other Important Information - Enpro generated over $150 million in free cash flow in 2025, up 18% from the previous year [19] - The company recorded its best safety statistics ever in 2025, with a total recordable incident rate of 0.64 [25][26] - A quarterly dividend increase to $0.32 per share was approved, marking the eleventh consecutive annual increase since 2015 [20] Q&A Session Summary Question: Can you provide more detail on AST's margin expectations for the first and second halves of the year? - Management indicated that the second half is expected to be considerably stronger, with growth rates accelerating and margins improving as growth programs contribute [34][35] Question: What are the current order patterns and customer sentiments? - Management noted that order patterns are improving, with customers showing increased confidence and order rates returning to previous levels [35][38] Question: How did the fourth quarter performance compare to previous guidance? - Sales were at the higher end of expectations, while margins were slightly impacted by increased corporate expenses and medical costs [43] Question: What is the outlook for free cash flow conversion in 2026? - Management expects strong free cash flow conversion to remain around 100% of adjusted EPS, despite higher capital expenditures [46][47] Question: Has the focus on M&A shifted? - The company continues to pursue strategic acquisitions aggressively, maintaining a strong pipeline of potential targets [50][51]

Core Insights - Enpro reported a strong finish to 2025 with double-digit revenue growth and robust profitability, driven by performance in Sealing Technologies and sales improvement in Advanced Surface Technologies [1][2] Financial Performance Fourth Quarter 2025 Results - Adjusted diluted earnings per share increased 26.8% to $1.99 compared to $1.57 in the prior year [1] - Sales reached $295.4 million, a 14.3% increase, with organic sales growing 9.9% [1][2] - Adjusted EBITDA rose 19.2% to $69.4 million [1] - GAAP net loss was $32.0 million, influenced by a $67.2 million pension plan termination loss [1][2] Full Year 2025 Results - Adjusted diluted earnings per share increased 13.6% to $7.91 from $6.96 [1] - Total sales were $1.14 billion, up 9.0%, with organic sales increasing 7.6% [1][2] - Adjusted EBITDA for the year was $277.6 million, an 8.9% increase [1] Segment Performance Sealing Technologies - Sales increased 14.8% to $187.1 million in Q4 2025, with adjusted segment EBITDA rising 21.1% [2] - The segment benefited from improved volume and strategic pricing initiatives [2] Advanced Surface Technologies - Sales grew 13.4% to $108.4 million in Q4 2025, with adjusted segment EBITDA increasing 3.3% [2] - Growth was driven by demand in precision cleaning solutions and optical coatings [2] Guidance for 2026 - Enpro expects total revenue growth in the range of 8% to 12% for 2026 [1][2] - Adjusted EBITDA is projected to be between $305 million and $320 million, with adjusted diluted earnings per share anticipated to be between $8.50 and $9.20 [1][2] Balance Sheet and Cash Flow - The company generated $201.2 million in cash flow from operations, a 24% increase from the previous year [2] - Free cash flow rose 18% to $153.1 million [2] - Enpro ended 2025 with cash of $114.7 million and approximately $580 million available under its revolving credit facility [2] Dividend Information - Enpro declared a quarterly dividend of $0.32 per share, marking a 3.2% increase from the previous quarter [2]

Core Insights - The analysis indicates that the rapid rise in unauthorized immigrant worker flows (UIWF) from March 2021 to March 2024 had a nearly one-for-one effect on local employment growth, while the subsequent slowdown from March 2024 to March 2025 negatively impacted local employment, particularly in construction and manufacturing [3][25]. Group 1: Unauthorized Immigration and Employment - The increase in unauthorized immigrant workers has been linked to a significant rise in local employment, with estimates suggesting a one-for-one relationship between UIWF and employment growth during both the rapid rise and slowdown periods [3][25]. - The slowdown in unauthorized immigration has had a pronounced negative effect on local employment, especially in the construction and manufacturing sectors, indicating that these industries are particularly sensitive to changes in immigration flows [25][26]. Group 2: Industry-Specific Impacts - During the rapid rise period, industries such as leisure and hospitality, professional services, and other services experienced greater employment growth than would be expected based on their typical share of total employment, suggesting a strong positive impact from UIWF [22][24]. - In contrast, the slowdown period saw significant employment declines in construction, manufacturing, and other services, highlighting that areas with the largest decreases in unauthorized immigration also faced the most substantial slowdowns in employment growth [24][25].

Core Viewpoint - Otter Tail Corporation is a diversified company in the electric utility and manufacturing sectors, primarily operating in the Midwest, with financial performance and future guidance being critical for investors [1] Financial Performance - The company reported an earnings per share (EPS) of $1.23, exceeding the expected $1.16, indicating profitability and efficient cost management [2][6] - Revenue was reported at $308.1 million, which fell short of the $311.1 million estimate, suggesting potential challenges in sales or market conditions [2][6] Stock Performance - The current stock price of OTTR is $86.16, reflecting a decrease of 2.27%, with a drop of $1.99 today due to market reactions to the earnings report and future guidance [3][6] - The stock's price range today was between $84.81 and $89.02, indicating some volatility in investor sentiment [3] Historical Stock Data - Over the past year, OTTR's stock has seen a high of $90.11 and a low of $71.79, reflecting its performance and market perception over time [4] - The company's market capitalization is approximately $3.61 billion, indicating its size and value in the market [4] Trading Activity - Today's trading volume for OTTR is 158,149 shares, showing active investor interest [5] - Stakeholders will closely watch the company's guidance for 2026, which will be key in assessing future performance and market position [5]

Core Viewpoint - Alamo Group Inc. will release its fourth quarter and year-end financial results on March 2, 2026, followed by a conference call on March 3, 2026, to discuss these results [1] Company Overview - Alamo Group Inc. is a leading global manufacturer of high-quality industrial and vegetation management equipment, essential for public and private infrastructure maintenance and responsible land management practices [1] - The company's product offerings include vacuum trucks, hydro-excavator machines, street sweepers, truck-mounted grapple machines, snow and ice removal equipment, tractor-mounted mowing attachments, recycling and tree care equipment, and related aftermarket parts and services [1] - As of September 30, 2025, the company operates 27 plants across North America, Europe, Australia, and Brazil [1]