Solstice Advanced Materials (NasdaqGS:SOLS) FY Conference February 19, 2026 09:50 AM ET Company ParticipantsDavid Sewell - CEOMike Leithead - VP of Investor RelationsConference Call ParticipantsNone - AnalystNoneHot mic. Well, welcome, everyone, on the last day of our Barclays Industrial Conference. I really appreciate everyone being here, and I'm incredibly excited to, to host David Sewell and Mike Leithead from Solstice, a new company in our space, and it's a company that has got off to a phenomenal start ...

Herc (NYSE:HRI) 2026 Conference February 19, 2026 09:40 AM ET Company ParticipantsLarry Silber - CEOMark Humphrey - CFOConference Call ParticipantsKyle Menges - US Machinery AnalystNone - AnalystNone - AnalystKyle MengesWell, I think we can get started. So I'm Kyle Menges. I'm the US machinery analyst at Citi. I'm joined by the Herc team. I've got Larry Silber here, CEO, and then Mark Humphrey, CFO. Larry, I think you had some prepared remarks you wanted to start with?Larry SilberYeah, good.Kyle MengesGet i ...

Allegion (NYSE:ALLE) FY Conference February 19, 2026 09:15 AM ET Company ParticipantsJohn Stone - President and CEOJosh Pokrzywinski - VP of Investor RelationsConference Call ParticipantsNone - AnalystNoneGreat. Well, thanks everyone for being here. It's my pleasure to have up next Allegion. We have John Stone, President and CEO, and Josh Pokrzywinski from Investor Relations. Welcome both of you, and thanks very much for being here.John StoneThank you.NoneMaybe kind of first off, you know, you had your earn ...

BorgWarner (NYSE:BWA) FY Conference February 19, 2026 09:15 AM ET Company ParticipantsCraig Aaron - CFOJoe Fadool - President and CEOConference Call ParticipantsDan Levy - Senior Equity Research AnalystDan LevyThank you everyone, for joining as we continue Day 3 of the Barclays Industrial Select Conference. I'm Dan Levy. I lead U.S. Autos and Mobility Coverage at Barclays, and very pleased to have with us BorgWarner, leader in powertrain technologies and expanding to different markets, as we're gonna discus ...

The Procter & Gamble Company (NYSE:PG) 2026 Conference February 19, 2026 09:00 AM ET Company ParticipantsAndre Schulten - CFOKevin Grundy - Managing DirectorSeth Cohen - CIOShailesh Jejurikar - President and CEOSteve Strycula - PresidentNone - Video NarratorConference Call ParticipantsNone - AnalystNone - AnalystModeratorGood morning, everyone. Before I introduce our next speakers, I'd like to take a moment to recognize some of the individuals behind this conference and behind the CAGNY organization these p ...

Cognex (NasdaqGS:CGNX) 2026 Conference Summary Company Overview - **Company**: Cognex - **Industry**: Machine Vision and Factory Automation Key Points Industry and Market Dynamics - **Global Automation Cycle**: The automation spending cycle is cyclical but appears to be stabilizing. There are signs of growth in warehouse automation starting in 2024, extending into 2025, while factory automation, which constitutes 75% of Cognex's business, showed growth only in late 2025 [4][5]. - **CapEx Plans**: Customers are cautiously optimistic about their capital expenditure plans for automation, with a need for more data points to gauge the durability of the investment cycle [5][6]. Financial Performance and Growth Outlook - **2026 Revenue Guidance**: Cognex expects mid-single-digit to high-single-digit growth for 2026, with a baseline revenue starting point of approximately $965 million after accounting for one-time revenue events and portfolio optimization [7][8]. - **Growth Vectors**: The growth is expected to come from both market recovery and increased penetration in specific sectors, such as packaging and semiconductors [9][10]. - **Long-term Growth**: Cognex aims for a 10%-11% through-cycle growth, with 4% attributed to underlying market growth and 6%-7% from increased penetration [9][14]. Market Segmentation Insights - **Packaging**: Strong growth is anticipated in the packaging sector, driven by penetration rather than market growth, as the underlying market is not rapidly expanding [9][10]. - **Semiconductors**: The semiconductor market is expected to see capacity-driven growth, with uncertainty about the timing of this acceleration [10][11]. - **Logistics**: After two years of double-digit growth, logistics growth is expected to moderate in 2026, but the long-term outlook remains positive due to low penetration levels [36][40]. - **Consumer Electronics**: This sector is highly cyclical, but a recovery is anticipated due to supply chain shifts and a consumer refresh cycle [42][43]. - **Automotive**: The automotive market has faced challenges, but Cognex is well-positioned for recovery, especially with new AI-enabled products [49][50]. Margin and Cost Management - **Margin Targets**: Cognex aims for a 25% EBITDA margin by the end of 2026, supported by operational efficiencies and cost reductions [22][24]. - **Cost Reduction Initiatives**: A $35 million-$40 million reduction in operating expenses is expected to contribute to margin improvement, alongside a focus on optimizing the operating model [25][33]. Innovation and Competitive Positioning - **AI Integration**: Cognex is leveraging AI to enhance its machine vision systems, which is seen as a significant growth opportunity. The introduction of OneVision allows for advanced AI capabilities directly on devices, reducing reliance on cloud solutions [16][17][73]. - **Market Defense**: Concerns about new entrants in the machine vision market are addressed by emphasizing the need for high accuracy and speed in manufacturing, which Cognex's proprietary solutions provide [19][21]. Customer Acquisition and Sales Strategy - **Sales Transformation**: Cognex is undergoing a sales force transformation to broaden its customer base, moving away from a key account focus to a more automated and data-driven approach [62][66]. - **Customer Growth**: In 2025, Cognex acquired 9,000 new accounts, tripling the rate of 2024, with plans to focus on expanding share of wallet in the coming years [68][70]. Regional Insights - **Americas**: Strong performance in warehouse automation is expected to moderate, but opportunities in packaging and automotive could provide growth [56]. - **Asia and Europe**: Positive outlook for China and Asia, with expectations of growth driven by consumer electronics and semiconductor markets. Europe remains cautious, particularly in automotive [58][59]. Conclusion Cognex is positioned to capitalize on the stabilization and growth of the automation market, with a strong focus on AI integration and customer acquisition strategies. The company is optimistic about its growth prospects across various sectors while maintaining a cautious approach to market dynamics and economic conditions.

Summary of Valmont Industries Conference Call Company Overview - **Company**: Valmont Industries - **Industry**: Infrastructure and Agriculture - **Key Executives Present**: Avner Applbaum (President and CEO), Tom Liguori (CFO), Renee Campbell (Investor Relations) Core Points and Arguments - **Financial Performance**: - Valmont has more than doubled its adjusted EPS since 2020, nearly tripling it, and doubled its return on invested capital to 17.6% [3][4] - Projected additional revenue of $500 million to $700 million and adjusted EPS of $25 to $30 over the next 3-4 years [4] - **Market Position**: - 75% of Valmont's portfolio is now in infrastructure, with 25% in agriculture [5] - The company operates in over 100 countries, with more than 70% of its business in the U.S. and Canada [5] - **Market Drivers**: - Increasing energy demand due to electrification, manufacturing, onshoring, reshoring, and AI [6] - Aging infrastructure requiring replacement, such as utility poles and lighting systems [7] - Need for productivity and resource efficiency in agriculture, particularly in water usage [7] - **Competitive Advantages**: - Leading engineering capabilities and strong dealer network for agriculture [8][9] - Operational excellence in manufacturing, including the ability to build substations in-house [9] - **Product Lines**: - Main product lines include utility solutions (transmission, distribution, substations), lighting and transportation, coatings, and telecom [10][11] - **Growth Strategy**: - Focus on high-return infrastructure capacity and disciplined resource allocation [20][21] - Annual CapEx run rate increased to $150 million-$200 million to support growth [21] - Share repurchase program of $700 million authorized, with a commitment to increase dividends annually [21] Additional Important Content - **Acquisitions**: - Recent acquisition of the remaining 40% of ConcealFab to enhance telecom offerings [32][34] - Future acquisitions will focus on strategic fit and financial criteria [35][36] - **Long-term Outlook**: - Valmont is positioned for growth with a strong backlog in utility and a focus on technology and aftermarket in agriculture [22][23] - The company aims to grow revenues to $4.6 billion-$4.8 billion over the next 3-4 years [19] - **Investor Day Announcement**: - An Investor Day is scheduled for June 16, where deeper insights into strategy and financial frameworks will be shared [24] - **Leadership and Culture**: - Strong leadership team with diverse experience and a focus on core values of passion, integrity, and continuous improvement [42][43] - **Market Visibility**: - Strong visibility into future demand through customer engagement and project commitments extending into 2027 and beyond [26][28] - **Balance Sheet Strength**: - The company maintains a strong balance sheet with a net leverage around one times net earnings, providing flexibility for investments [47] This summary encapsulates the key insights and strategic direction of Valmont Industries as discussed in the conference call, highlighting its financial performance, market position, growth strategies, and future outlook.

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 ...

Hubbell (NYSE:HUBB) FY Conference February 19, 2026 08:40 AM ET Company ParticipantsGerben Bakker - President and CEOJoe Capozzoli - CFOConference Call ParticipantsJulian Mitchell - Equity Research AnalystJulian MitchellFantastic. Well, thanks, everyone, and welcome to the second session this morning. It's my pleasure to have Hubbell up here, Gerben Bakker, our President and CEO, Joe Capozzoli, our CFO. So thank you very much, Gerben and Joe, for being here.Gerben BakkerThank youJulian Mitchell... with us t ...

Carrier Global (NYSE:CARR) FY Conference February 19, 2026 08:05 AM ET Company ParticipantsDavid Gitlin - Chairman and CEOModeratorGreat. Good morning, everyone, and welcome to day three of the Industrials Conference. It's my pleasure to start today with Carrier. We have Dave Gitlin, Chairman and CEO, and Mike Rednor, Investor Relations. So thanks very much, both of you, for being here today. I think we'll get straight into questions. And I suppose first off, you know, thinking about the overall top-line ou ...