Key Takeaways BKR completed the divestiture of its PSI unit to Crane for $1.15B.Baker Hughes transferred PSI technology, physical locations, tools and about 1,600 employees to Crane.BKR stated the move supports asset management, operational efficiency and disciplined investment priorities.Baker Hughes Company (BKR) has completed the divestiture of its Precision, Sensors and Instrumentation (PSI) unit to Crane Company (CR) . The key sensor and instrumentation brands under the PSI unit are Druck, Panametrics ...

Core Insights - TechPrecision Corporation reported a net income increase of $1.4 million year-over-year, resulting in earnings of $0.08 per share for FY26 Q2 [1] Financial Performance - The financial results pertain to the second quarter ended September 30, 2025 [1] - The company specializes in custom manufacturing of precision, large-scale fabrication components and machined metal structural components [1] Market Focus - TechPrecision's products are designed for customers in the defense and precision industrial markets [1]

Core Points - TechPrecision Corporation plans to release its financial results for the 2026 fiscal second quarter on November 13, 2025, after market close [1] - A conference call is scheduled for 4:30 p.m. on the same day to discuss the financial results [1]

Company Overview and Performance - The Timken Company was founded in 1899 and has been NYSE listed since 1922[9] - In 2024, the company reported revenue of $4.6 billion, adjusted EBITDA of $845 million, and adjusted EPS of $5.79[9] - The adjusted EBITDA margin for 2024 was 18.5%, and free cash flow was $306 million[9] - The company's dividend yield as of December 31, 2024, was 1.9%[9] - In Q1 2025, net sales were $1.14 billion, a decrease of 4.2% compared to Q1 2024[64, 65] - Adjusted EBITDA for Q1 2025 was $208 million, with a margin of 18.2%, down 250 bps from Q1 2024[64, 66] - Adjusted EPS for Q1 2025 was $1.40 per diluted share[64, 67] Business Segments and Strategy - The company operates through two segments: Engineered Bearings (66% of sales) and Industrial Motion (34% of sales)[15] - 56% of sales are from the Americas, 24% from Europe, Mid-East, Africa (EMEA), and 20% from Asia-Pacific in 2024[11] - The company targets organic growth of 4-5% CAGR and inorganic growth of 2-3% CAGR, aiming for a total growth CAGR of 6-8%[102] - The company aims for adjusted EPS CAGR of >10% and adjusted EBITDA margins of +200 bps versus the 2017-2021 period[102] Capital Allocation - The company targets capital expenditures of 3.5-4.0% of sales over the cycle[80] - The company has repurchased approximately 31 million shares for $1.55 billion since 2013, reducing basic shares outstanding by approximately 25%[101] - The company's long-term leverage target is 1.5-2.5x net debt-to-adjusted EBITDA[74, 102]