Ingersoll Rand (NYSE:IR) 2026 Conference February 19, 2026 08:50 AM ET Company ParticipantsVik Kini - CFONone - Company RepresentativeConference Call ParticipantsNone - AnalystNoneGetting it started again, we are very excited to have Ingersoll Rand with us. We've got Vik Kini, who is the CFO of Ingersoll Rand. And Vik, as I walk over to you, it's been about five years since you closed the RMT. A lot's gone on. I think you had a vision then, to be the premier industrial compounder. So maybe what's gone right ...

Core Viewpoint - The company is actively expanding its business in the liquid cooling server sector, indicating progress in entering the AI computing cooling market, which may benefit from the growing demand for computing power and the trend towards liquid cooling technology [1] Group 1: Business Development - The company is focusing on liquid cooling servers, with products such as valves, pumps, and heat exchangers being suitable for this application [1] - The technology of the company's products shows homogeneity, and it is continuously promoting cooperation with enterprises related to liquid cooling [1] Group 2: Stock Performance - Over the past 7 days (February 7 to 13, 2026), the company's A-share stock price has shown a fluctuating upward trend, with a cumulative increase of 4.62% [2] - On February 13, the stock closed at 53.48 yuan, rising by 1.54% in a single day, with a trading volume of 6.977 billion yuan and a turnover rate of 3.55% [2] - The stock experienced significant volatility, reaching a daily high of 53.90 yuan, indicating high market attention [2] Group 3: Financial Performance - The company's 2025 earnings forecast indicates an expected net profit attributable to shareholders of 3.874 billion to 4.649 billion yuan, representing a year-on-year growth of 25% to 50% [3] - This growth is primarily driven by the synergistic increase in the refrigeration and air conditioning components and automotive thermal management businesses [3]

Core Viewpoint - The company is actively expanding its business in the liquid cooling server sector and is continuously promoting cooperation with related enterprises [1] Group 1 - The company's products, including valves, pumps, heat exchangers, and related components, can be utilized in liquid cooling server applications [1] - The technology of the company's products exhibits a certain degree of homogeneity, which is beneficial for their application in the liquid cooling sector [1]

Core Viewpoint - The State Administration for Market Regulation has conducted a national quality supervision sampling inspection of 16 products, including photovoltaic grid-connected inverters, revealing a significant number of non-compliant products in the market [1] Group 1: Inspection Overview - A total of 1,234 batches of 16 products were sampled across 14 platforms, including major e-commerce sites like Alibaba, JD.com, and Douyin [1] - The inspection covered 205 sales units in 19 provinces, with 225 batches of products checked, and 610 production units in 24 provinces, with 610 batches inspected [1] Group 2: Non-compliance Findings - Out of the inspected products, 190 batches were found to be non-compliant, which includes 4 batches of illegal products, all of which were power adapters [1] - The inspection identified 186 batches of products that failed quality tests, including 3 batches of photovoltaic grid-connected inverters and various other products such as automotive coolant and gas heating water heaters [1] Group 3: Follow-up on Previous Inspections - Among the previously inspected non-compliant production units, 91 were tracked, with 24 of these units still producing non-compliant products [2]

Core Viewpoint - The company, Eddie Precision (603638), indicates that its hydraulic components business is expected to see a continuous increase in market share in the coming years, with a current market share of 40% for motor products and 15% for pump and valve products [1] Group 1: Business Composition - The company's hydraulic components business consists of motor products (travel motors and swing motors) accounting for approximately 60% of the business, while pump and valve products together account for about 40% [1] Group 2: Market Share - The current market share for motor products is reported to be 40%, while the market share for pump and valve products is approximately 15% [1] - The company anticipates that its overall market share in hydraulic components will continue to rise in the next few years [1]

Core Viewpoint - Flowserve (FLS) reported quarterly earnings of $1.11 per share, exceeding the Zacks Consensus Estimate of $0.94 per share, and showing an increase from $0.70 per share a year ago [1] Earnings Performance - The earnings surprise for the quarter was +17.83%, with the company previously expected to earn $0.80 per share but actually earning $0.90 per share, resulting in a surprise of +12.5% [2] - Over the last four quarters, Flowserve has consistently surpassed consensus EPS estimates [2] Revenue Analysis - Flowserve posted revenues of $1.22 billion for the quarter, which was 2.97% below the Zacks Consensus Estimate, compared to $1.18 billion in revenues from the previous year [3] - The company has only exceeded consensus revenue estimates once in the last four quarters [3] Stock Performance - Flowserve shares have increased by approximately 15% since the beginning of the year, while the S&P 500 has gained 0.5% [4] Future Outlook - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [5] - The current consensus EPS estimate for the next quarter is $0.85 on revenues of $1.19 billion, and for the current fiscal year, it is $3.93 on revenues of $4.99 billion [8] Industry Context - The Manufacturing - General Industrial industry, to which Flowserve belongs, is currently ranked in the top 35% of over 250 Zacks industries, indicating a favorable outlook [9] - Research indicates that the top 50% of Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1 [9]

| 辅导对象 | 宁波佳音机电科技股份有限公司 | | | | --- | --- | --- | --- | | 成立日期 | 2001 年 12月 12日 | | | | 注册资本 | 人民币 4.150.00 万元 | 法定代表人 | 鲁定尧 | | 注册地址 | 浙江省宁波市余姚市兰江街道兴雁路 66号 | | | | 控股股东及持 股比例 | 鲁定尧持股 53.98% | | | | 行业分类 | "C制造业"之"C3857 家 | 在其他交易场所 (申请) 挂牌或 | 公司已在全国中小企业 股份转让系统挂牌,股票 | | | 用电力器具专用配件制造" | 上市的情况 | 代码 874629 | | 各注 | 无 | | | 瑞财经 王敏 1月22日，宁波佳音机电科技股份有限公司（以下简称"佳音科技"）在宁波监管局启动IPO辅导，拟北交所上市，辅导机构为 广发证券。 佳音科技于2001年成立，专业从事研发、制造及销售各泵、阀以及传感器等流体控制系统核心零部件，可广泛应用于智能家电、汽车、医 疗、新能源等行业。 2024年，佳音科技营业收入8.08亿元，同比增长51.16%；归属于挂牌公司股东的净利润 ...

Core Viewpoint - Ningbo Jiayin Electromechanical Technology Co., Ltd. (hereinafter referred to as "Jiayin Technology") is initiating an IPO process to list on the Beijing Stock Exchange, with guidance from GF Securities. The company specializes in the research, manufacturing, and sales of core components for fluid control systems, applicable in various industries such as smart home appliances, automotive, medical, and new energy [1][4]. Company Overview - Jiayin Technology was established on December 12, 2001, with a registered capital of RMB 415 million. The legal representative is Lu Dingyao, who holds a 53.98% stake in the company [1]. - The company is classified under the manufacturing industry, specifically in the production of specialized components for household electric appliances [1]. Business Performance - In 2024, Jiayin Technology reported an operating income of RMB 808 million, representing a year-on-year increase of 51.16%. The net profit attributable to shareholders was RMB 60.94 million, up 23.64% compared to the previous year [3][4]. - For the first half of 2025, the company achieved an operating income of RMB 48.7 million, reflecting a year-on-year growth of 46.93%. However, the net profit attributable to shareholders decreased by 9.23% to RMB 29.53 million [4]. Shareholding Structure - Lu Dingyao directly holds 22.4 million shares (53.98%), while Chen Zhibo holds 10.88 million shares (26.22%). Together, they control 87.03% of the voting rights in the company [4]. - Lu Dingyao serves as the Chairman and General Manager, while Chen Zhibo is the Assistant General Manager [4][5].

Group 1 - Mitsubishi Electric plans to sell its automotive parts business, with first-round bids expected by January 26, and the estimated sale price is between 200 billion to 300 billion yen (approximately 8.8 billion to 13.2 billion RMB) [1][3] - The automotive parts business includes inverters and motors for hybrid and electric vehicles, as well as in-car entertainment systems, generating revenue of 422.8 billion yen in the first half of fiscal year 2025, but with an operating profit margin of only 5%, significantly lower than the company's overall margin of 8.2% [3][4] - The divestiture is part of a broader strategy to enhance operational efficiency and optimize the business structure, following previous restructuring efforts that began in April 2024 [3][4] Group 2 - The automotive parts business has faced multiple market pressures, including a slowdown in the global electric vehicle market and intensified price competition, leading to reduced profit margins [4] - Mitsubishi Electric's strategic shift includes focusing on high-growth areas such as power semiconductors, HVAC, and digital solutions, with power semiconductors being a key focus due to their increasing demand in electric vehicles and renewable energy sectors [6] - The company aims to rebuild trust following a quality fraud scandal in 2021, with ongoing efforts to improve compliance and corporate culture [7] Group 3 - The sale of the automotive parts business is a critical component of Mitsubishi Electric's large-scale restructuring strategy, which also includes the transfer of other non-core assets to refocus on high-value sectors [6][7] - The company is currently in the critical phase of selecting potential buyers, with market analysts noting that the outcome will depend on the reasonableness of bids and business integration plans [7]

Core Viewpoint - The company, Southern Pump Industry (300145), has indicated that its subsidiary, Huzhou Nanfeng Machinery Manufacturing Co., Ltd., currently does not have products directly applied in the aerospace field. However, the company plans to monitor the pump demand in the aerospace sector and prepare for potential market opportunities in the future [1]. Group 1 - The subsidiary, Huzhou Nanfeng Machinery Manufacturing Co., Ltd., has no current products for the aerospace sector [1] - The company will continue to pay attention to the pump demand in the aerospace field [1] - The company aims to prepare adequately for potential market opportunities related to aerospace [1]