Core Insights - Albany International has been selected as an official partner for World Engineering Day for Sustainable Development 2026, emphasizing its commitment to sustainable engineering and innovation [1] - The theme for WED 2026 is "Smart engineering for a sustainable future through innovation and digitalization," highlighting the importance of collaboration among engineers, governments, and industries [1] - Albany International operates in two core business segments: Albany Engineered Composites, focusing on advanced materials for aerospace applications, and Machine Clothing, which produces custom-designed consumable belts for various industrial applications [1] Company Overview - Albany International is a leading materials science developer and manufacturer, headquartered in Portsmouth, New Hampshire, with approximately 5,700 employees across 25 facilities in 12 countries [1] - The company is listed on the New York Stock Exchange under the symbol AIN [1] - Albany Engineered Composites is recognized for its role in providing advanced composite solutions for the aerospace and defense industries, addressing the demand for higher production rates and improved performance [2]

Core Viewpoint - Aptiv PLC has experienced an 8.7% decline in share price since the last earnings report, underperforming the S&P 500 [1][2]. Financial Performance - In Q4 2025, Aptiv reported adjusted earnings of $1.86 per share, exceeding the Zacks Consensus Estimate by 2.2% and increasing 6.3% year over year [3]. - Revenues for the same quarter reached $5.15 billion, surpassing the Zacks Consensus Estimate by 1.5% and rising 5% year over year [3]. - Adjusted revenues improved by 3% year over year, with regional performance showing a decline of 1% in Europe and Asia, while North America and South America saw growth of 8% and 12%, respectively [3]. Segment Performance - The Electrical Distribution Systems and Engineered Components Group generated revenues of $2.30 billion and $1.64 billion, reflecting year-over-year increases of 8% and 4% [4]. - The Advanced Safety and User Experience segment's revenues grew by 3% year over year to $1.42 billion [4]. - Adjusted operating income was $607 million, down 2.6% from the previous year, with an adjusted operating income margin of 11.78%, up 92 basis points year over year [4]. Cash Flow and Debt - At the end of the quarter, Aptiv had a cash and cash equivalent balance of $1.85 billion, up from $1.57 billion at the end of December 2024 [5]. - Long-term debt decreased to $7.47 billion from $7.84 billion in the previous year [5]. - The company generated $2.19 billion in cash from operating activities in 2025, compared to $2.45 billion in 2024 [5]. Future Outlook - For Q1 2026, Aptiv anticipates revenues between $4.95 billion and $5.15 billion, with adjusted EPS expected to range from $1.55 to $1.75 [6]. - For the full year 2026, projected revenues are between $21.12 billion and $21.82 billion, with adjusted EPS expected between $8.15 and $8.75 [7]. - The adjusted EBITDA for 2026 is anticipated to be between $3.39 billion and $3.59 billion, with an adjusted EBITDA margin projected at 16.2% [7]. Estimate Revisions - Since the earnings release, there has been a downward trend in estimates, with the consensus estimate shifting down by 14.67% [8]. VGM Scores - Aptiv holds a Growth Score of B and a Momentum Score of B, with a Value Score of A, placing it in the top 20% for value investors [9]. - The overall aggregate VGM Score for Aptiv is A, indicating strong performance across multiple investment strategies [10]. General Outlook - Estimates for Aptiv have been trending downward, indicating a potential in-line return in the coming months, with a Zacks Rank of 3 (Hold) [11].

Core Viewpoint - Consistency in dividend growth is a key indicator of a company's long-term performance and stability [1] Group 1: Dividend Kings - Dividend Kings exemplify consistency and have shown exceptional long-term performance, making them attractive investment options [2] - A focus on Dividend Kings that have performed well over the past several years reveals standout companies in this category [2] Group 2: Stock Selection Methodology - A stock screener was utilized to filter and identify companies, resulting in 23 candidates, with a focus on the one with the highest 5-Year Percent Change [3] Group 3: Parker-Hannifin Corp Overview - Parker-Hannifin Corp (PH) is an industrial technology company specializing in motion and control technologies, serving aerospace and industrial markets [6] - The company has transformed its business mix through acquisitions, including the Filtration Group, enhancing its growth profile [7] Group 4: Financial Performance - Parker-Hannifin's stock has increased approximately 250% over the past 5 years and over 867% in the last 10 years, marking it as the best-performing Dividend King in both timeframes [7] - In the latest quarterly financials, Parker reported a 9% year-over-year increase in sales to $5.2 billion, while net income decreased by 11% to $845 million due to higher costs, which is typical during investment periods [8]

Core Insights - Aptiv PLC reported strong fourth-quarter 2025 results with adjusted earnings of $1.86 per share, exceeding the Zacks Consensus Estimate by 2.2% and increasing 6.3% year over year. Revenues reached $5.15 billion, surpassing estimates by 1.5% and rising 5% year over year [2][9]. Financial Performance - The Electrical Distribution Systems and Engineered Components Group generated revenues of $2.30 billion and $1.64 billion, reflecting year-over-year increases of 8% and 4% respectively. The Advanced Safety and User Experience segment's revenues grew 3% year over year to $1.42 billion [3]. - Adjusted operating income was $607 million, a decrease of 2.6% from the previous year, while the adjusted operating income margin improved by 92 basis points to 11.78% [3]. Cash Flow and Debt - At the end of the quarter, Aptiv had a cash and cash equivalent balance of $1.85 billion, up from $1.57 billion at the end of December 2024. Long-term debt decreased to $7.47 billion from $7.84 billion [4]. - The company generated $2.19 billion in cash from operating activities in 2025, compared to $2.45 billion in 2024 [4]. Future Guidance - For Q1 2026, Aptiv expects revenues between $4.95 billion and $5.15 billion, with an adjusted EPS forecast of $1.55 to $1.75. The adjusted operating income margin is anticipated to be between $715 million and $765 million [5]. - For the full year 2026, Aptiv projects revenues of $21.12 billion to $21.82 billion and adjusted EPS between $8.15 and $8.75, both above current consensus estimates [6].

Core Insights - Aptiv reported a record fourth-quarter revenue of $5.2 billion, reflecting a 5% increase on a reported basis and a 3% increase on an adjusted basis, with adjusted earnings per share rising 6% year over year to $1.86 [6][7] Financial Performance - Electrical Distribution Systems (EDS) generated revenue of $2.3 billion, up 5%, but operating income declined by 2% due to foreign exchange and commodity headwinds [1] - Engineered Components revenue was $1.6 billion, up 1%, with operating income rising 8% and margin expanding by 60 basis points [2] - Intelligent Systems revenue reached $1.4 billion, up 2%, but operating income fell 17% due to investments in non-automotive markets and unfavorable foreign exchange [2] Regional Performance - North America led fourth-quarter adjusted revenue growth with an 8% increase, while Europe saw a 1% decline and China experienced a 5% drop in revenue [3] Cash Flow and Costs - Operating cash flow totaled $818 million, down from the previous year due to higher working capital and separation costs related to the upcoming VersaGen spinoff [4] Margin Insights - Adjusted EBITDA and operating income margins were pressured by foreign exchange and commodities, which had a 160-basis-point headwind; excluding these factors, operating income margin would have increased by 70 basis points [5] Future Outlook - For 2026, "new Aptiv" is expected to generate revenue between $12.8 billion and $13.2 billion, with an EBITDA margin of 18.6% [13] - VersaGen's pro forma revenue is projected to be between $9.1 billion and $9.4 billion, with an EBITDA margin of 10.7% [16] - The company anticipates first-quarter 2026 revenue of $5.05 billion, reflecting adjusted growth of about 1% [17] Strategic Focus - Aptiv is focusing on expanding into non-automotive markets, with partnerships announced with robotics companies and new product launches in energy storage and management [9]

Core Viewpoint - Aptiv PLC is a global technology company focused on developing safer, greener, and more connected solutions for the automotive industry, with its fourth-quarter 2025 earnings report scheduled for February 2, 2026 [1] Financial Performance - Wall Street analysts estimate Aptiv's earnings per share (EPS) to be $1.82, with projected revenue of approximately $5.1 billion, reflecting a 3.5% increase from the previous year driven by increased vehicle production demand, particularly in North America and China [2] - The company has a strong track record of surpassing earnings estimates, with an average earnings surprise of 13.2% over the last four quarters [3] Business Segments - Aptiv's segments, including Electrical Distribution and Engineered Components, are benefiting from the launch of SUVs, electric vehicles (EVs), and high-voltage systems, while the Advanced Safety and User Experience unit is expected to see revenue growth but may face pressure on operating income [3] Market Valuation - Aptiv's price-to-earnings (P/E) ratio is approximately 58.10, indicating how the market values its earnings, while the price-to-sales ratio stands at 0.85, showing investor willingness to pay per dollar of sales [4] - The enterprise value to sales ratio is 1.17, reflecting the company's total valuation relative to its sales [4] Cash Flow and Leverage - The enterprise value to operating cash flow ratio is 9.71, providing insight into cash flow generation relative to valuation, with an earnings yield of 1.72% indicating a modest return on earnings [5] - The debt-to-equity ratio of 0.88 suggests a balanced approach to leveraging debt versus equity, while a current ratio of 1.79 indicates a strong ability to cover short-term liabilities with short-term assets [5]

THREE MONTHS AND YEAR ENDED DECEMBER 31, 2025 Important Cautionary Notes All amounts in this Supplemental Information are in U.S. dollars unless otherwise specified. Unless otherwise indicated, the statistical and financial data in this document is presented as at December 31, 2025. CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS AND INFORMATION Note: This Supplemental Information contains "forward-looking information" within the meaning of Canadian provincial securities laws and "forward-looking ...

Aptiv Strategic Overview - Aptiv 的汽车总潜在市场 (TAM) 呈现不同的增长机会，智能系统 (IS) 的复合年增长率为 7%，到 2030 年预计约为 1450 亿美元[12] - 工程组件 (EC) 的复合年增长率为 4%，到 2030 年预计约为 400 亿美元[12] - 电气分配系统 (EDS) 的复合年增长率为 3%，到 2030 年预计约为 750 亿美元[12] - 新 Aptiv 预计 2025 年收入为 124 亿美元，到 2028 年将达到 140 亿至 150 亿美元，调整后的 EBITDA 利润率为 19%，到 2028 年将达到约 21%，2026 年至 2028 年的累计自由现金流约为 40 亿美元[16] - 电气分配系统 (EDS) 预计 2025 年收入为 86 亿美元，到 2028 年将达到约 100 亿美元，EBITDA 利润率为 10%，到 2028 年将达到约 12%，2026 年至 2028 年的累计自由现金流约为 10 亿美元[17] Intelligent Systems - 智能系统 (IS) 2025 年预计收入为 58 亿美元，其中软件收入为 6 亿美元，目标 EBITDA 利润率到 2028 年约为 165%[99] - 智能系统 (IS) 的目标是 2025 年至 2028 年的收入增长率为 4-7%[170] Engineered Components - 工程组件 (EC) 2025 年预计收入为 67 亿美元，其中非汽车收入约为 17 亿美元，目标 EBITDA 利润率到 2028 年约为 24%[176] - 工程组件 (EC) 的目标是 2025 年至 2028 年的收入增长率为 4-7%[253] Aptiv Financials - Aptiv 预计 2025 年收入为 203 亿美元，调整后的 EBITDA 为 32 亿美元，调整后的每股收益为 770 美元[258] - 新 Aptiv 的目标是 2025 年至 2028 年的收入增长率为 4-7%，EBITDA 利润率累计扩张约 200 个基点，累计自由现金流约为 40 亿美元[309] Electrical Distribution Systems - 电气分配系统 (EDS) 2025 年预计收入为 86 亿美元，其中超过 75% 的收入来自受 EDS 影响的 E/E 架构，45% 的收入来自全球前 25 大汽车平台的 21 个[315] - 电气分配系统 (EDS) 的目标是 2025 年至 2028 年的收入增长率为 3-4%，EBITDA 利润率扩张 200 个基点[370]

Core Insights - Aptiv PLC reported strong third-quarter 2025 results with adjusted earnings of $2.17 per share, exceeding the Zacks Consensus Estimate by 20% and increasing 18.6% year over year. Revenues reached $5.21 billion, surpassing estimates by 3% and rising 7.4% year over year [1][8]. Financial Performance - Adjusted revenues improved by 6% year over year, with regional performance showing a 14% increase in North America, a 3% rise in South America, and a 4% increase in Asia, while Europe saw a decline of 3%. Revenues in China remained flat [1]. - The Electrical Distribution Systems and Engineered Components Group reported revenues of $2.29 billion and $1.71 billion, reflecting year-over-year increases of 12% and 8%, respectively. The Advanced Safety and User Experience segment's revenues grew by 1% to $1.44 billion [2]. - Adjusted operating income was $654 million, marking a 10.3% increase from the previous year, with an adjusted operating income margin of 12.55%, up 33 basis points year over year [2]. Cash Flow and Debt - At the end of the quarter, Aptiv had cash and cash equivalents of $1.6 billion, slightly up from $1.57 billion at the end of December 2024. Long-term debt decreased to $7.61 billion from $7.84 billion [3]. - The company generated $584 million in cash from operating activities during the quarter, totaling $1.37 billion for the nine months ended September 30, 2025, compared to $1.39 billion in the prior-year period [3]. Future Outlook - For Q4 2025, Aptiv anticipates revenues between $4.91 billion and $5.21 billion, with adjusted EPS expected between $1.6 and $1.9. The adjusted operating income margin is projected to be between 7.1% and 8.6% [4]. - For the full year 2025, revenues are expected to range from $20.15 billion to $20.45 billion, with adjusted EPS between $7.55 and $7.85. The adjusted operating income margin is forecasted to be between 11.9% and 12.2% [5].

Group 1: Heritage Commerce Corp (HTBK) - Heritage Commerce Corp is a bank holding company offering a range of loans, primarily commercial, including real estate and construction loans [1] - The Zacks Consensus Estimate for its current year earnings has increased by 4.9% over the last 60 days [1] Group 2: Eagle Bancorp Montana (EBMT) - Eagle Bancorp Montana is a bank holding company for American Federal Savings Bank, providing retail banking services in south-central Montana [2] - The Zacks Consensus Estimate for its current year earnings has increased by 0.6% over the last 60 days [2] - The company has a dividend yield of 3.6%, compared to the industry average of 3% [2] Group 3: Leggett & Platt (LEG) - Leggett & Platt is a global manufacturer that designs and produces a variety of engineered components and products used in homes, offices, and automobiles [3] - The Zacks Consensus Estimate for its current year earnings has increased by 1% over the last 60 days [3] - The company has a dividend yield of 2%, compared to the industry average of 0.0% [3]