©2026 ITRON CONFIDENTIAL PROPRIETARY February 17, 2026 Fourth Quarter 2025 Earnings Conference Call Tom Deitrich – President and Chief Executive Officer Joan Hooper – Senior Vice President and Chief Financial Officer Paul Vincent – Vice President, Investor Relations Conference Call Agenda • CEO – Business and Operations Update • CFO – Financial Results and 2026 Outlook • Q&A Forward Looking Statements This presentation contains, and our officers and representatives may from time to time make, "forward-looki ...

Franklin Electric (NasdaqGS:FELE) Q4 2025 Earnings call February 17, 2026 09:00 AM ET Speaker6Hello, and welcome to the Franklin Electric reports fourth quarter, 2025 and full year 2025 results conference call. At this time, all participants are in a listen-only mode. After the speaker presentation, there will be a question-and-answer session. To ask a question during the session, you will need to press star one one on your telephone. You will then hear an automated message advising your hand has been raise ...

Energy Transfer (NYSE:ET) Q4 2025 Earnings call February 17, 2026 09:00 AM ET Speaker14Thank you, operator, and good morning, everyone, and welcome to the Energy Transfer fourth quarter 2025 earnings call. I'm also joined today by Mackie McCrea and other members of the senior management team, who are here to help answer your questions after our prepared remarks. Hopefully, you saw the press release we issued earlier this morning. As a reminder, our earnings release contains an update to guidance and a thoro ...

Donnelley Financial Solutions (NYSE:DFIN) Q4 2025 Earnings call February 17, 2026 09:00 AM ET Speaker5I would now like to turn the conference over to Mike Zhao, Head of Investor Relations. Please go ahead.Speaker4Thank you. Good morning, everyone, and thank you for joining Donnelley Financial Solutions' fourth quarter and full year 2025 results conference call. This morning, we released our earnings report, including a set of supplemental trending schedules of historical results, copies of which can be foun ...

CNH Industrial (NYSE:CNH) Q4 2025 Earnings call February 17, 2026 09:00 AM ET Speaker7I will now turn the call over to Jason Omerza, Vice President of Investor Relations. Sir, please go ahead.Speaker4Thank you, Kristen, and good morning, everyone. We would like to welcome you to CNH's fourth quarter earnings presentation for the period ending December 31st, 2025. This live webcast is copyrighted by CNH, and any recording, transmission, or other use of any portion of it without the written consent of CNH is ...

John Murphy PRESIDENT & CFO Henrique Braun CEO ELECT CAGNY 1 Forward-Looking Statements This presentation may contain statements, estimates or projections that constitute "forward-looking statements" as defined under U.S. federal securities laws. Generally, the words "believe," "opportunity," "ahead," "expect," "intend," "estimate," "anticipate," "project," "will" and similar expressions identify forward-looking statements, which generally are not historical in nature. Forward- looking statements are subjec ...

Labcorp (NYSE:LH) Q4 2025 Earnings call February 17, 2026 09:00 AM ET Speaker12Please be advised that today's conference is being recorded. I would now like to hand the conference over to your first speaker today, Christin O'Donnell, Vice President of Investor Relations. Please go ahead.Speaker2Thank you, operator. Good morning, and welcome to Labcorp's fourth quarter 2025 conference call. As detailed in today's press release, there will be a replay of this conference call available. With me today are Adam ...

Unlocking Vicuña The World's Next Giant Mining District Technical Report Presentation February 16, 2026 TSX: LUN NASDAQ STOCKHOLM: LUMI Cautionary Statements Regarding Forward-Looking Information Certain of the statements made and information contained herein are "forward-looking information" within the meaning of applicable Canadian securities laws. All statements other than statements of historical facts included in this document constitute forward-looking information, including but not limited to stateme ...

Flowserve Corporation 2026 Conference Summary Company Overview - **Company**: Flowserve Corporation (NYSE: FLS) - **Industry**: Flow control products and services, including pumps and valves Key Points and Arguments Financial Performance and Targets - Flowserve achieved a **500 basis points margin improvement** over the last three years, exceeding the 2027 target framework set previously [4] - New long-range targets for 2030 include: - **Organic sales growth** of mid-single digits - **Margin expansion** of approximately **100 basis points per year**, aiming for **20% operating income** by 2030 - **Adjusted EPS growth** in double digits [5] Operational Excellence - The company has focused on **operational excellence** since 2018, enhancing productivity and reducing disruptive events that affect margins [11] - Significant training and competency improvements in manufacturing operations have been implemented [12] Portfolio Excellence - The **80/20 Program** was fully integrated across all product business units by 2025, focusing on high-potential products and customers [13] - The program aims to streamline operations and improve profitability while maintaining growth potential [31] Commercial Excellence - Flowserve is retraining its sales force to enhance commercial excellence, focusing on account segmentation and effective use of CRM systems [16][19] - Changes in incentive plans are designed to align sales efforts with strategic growth areas [20] Footprint Optimization - The company is actively consolidating manufacturing facilities, with plans for at least two consolidations each year [28] - This strategy aims to drive efficiencies and leverage existing capacity without significant new investments [30] Market Dynamics and Growth Areas - The company anticipates a **second half revenue acceleration** in 2026, driven by improved market conditions and project timing [40] - The aftermarket business is expected to grow at mid- to high-single digits, supported by a large installed base of pumps and valves [41][63] Nuclear and Power Markets - Flowserve has a strong position in the nuclear market, with equipment on **75% of all reactors** globally [96] - The company expects continued growth in nuclear bookings, particularly from life extensions and power re-rates [97] - Traditional power markets are also showing growth, with opportunities in coal and natural gas sectors [81] 3D Strategy: Diversify, Decarbonize, Digitize - The company has shifted its focus from upstream oil and gas to downstream and refining, reducing energy exposure from **40% to just over 30%** [84] - Flowserve is actively pursuing decarbonization projects and has seen success in carbon capture initiatives [88] - The **RedRaven** IoT technology is now profitable and expected to drive future growth through predictive maintenance and monitoring [120] Acquisition of Trillium - The acquisition of Trillium's valve division is expected to enhance Flowserve's nuclear offerings, increasing content per reactor by **15%-20%** [103] - This acquisition is anticipated to provide growth opportunities not only in nuclear but also in traditional power markets [111] Additional Important Insights - The company has reduced its supplier count by **50%**, improving supply chain efficiency and cost management [53] - Flowserve's focus on **selective bidding** for projects has led to improved margins, particularly in engineered pumps [56] - The company is optimistic about future growth in general industries, including water and mining applications [118] This summary encapsulates the key insights and strategic directions discussed during the Flowserve Corporation 2026 conference, highlighting the company's focus on operational and commercial excellence, market opportunities, and growth strategies.

Honeywell International FY Conference Summary Company Overview - **Company**: Honeywell International (NasdaqGS: HON) - **Date of Conference**: February 17, 2026 Key Industry Insights Aerospace Demand - Aerospace demand remains very strong, with expectations for another robust year in 2026 [2][11] - The company has seen a consistent double-digit growth in aerospace volume for 15 consecutive quarters [70] Industrial Automation - North America is performing exceptionally well in industrial automation, while Europe and China show flat to slightly negative trends [2][7] - The industrial automation business is increasingly focused on sensing and measurement, which is linked to local economic conditions [6][7] Process Markets - The process markets are expected to experience flat growth due to overcapacity and cautious customer investment [3][9] - LNG and refining sectors show high demand, but excess capacity in petrochemicals is hindering investment [9] Building Automation - Demand for building automation remains strong, with a focus on high-growth end markets such as data centers, hospitality, hospitals, and clean tech [45][46][47] Financial Performance and Projections Revenue Growth - Honeywell projects a revenue growth of 3%-6% for 2026, with expectations for stronger performance in the second half of the year due to a higher backlog [14][15] - The backlog in process automation and technology is up double-digit, indicating potential revenue uplift in the latter half of the year [11] Cost and Pricing Environment - The industrial economy is experiencing high inflation, with price increases of 3%-4% expected to continue [17][18] - Honeywell is adapting its pricing strategy to manage inflation, focusing on productivity and new product development to maintain margins [21][22] R&D Investment - Honeywell's R&D spending is at or above the median of the industry, with a focus on spending wisely to ensure effective outcomes [25][26] Strategic Focus Areas Mergers and Acquisitions - Near-term focus is on debt retirement to maintain an investment-grade rating, with potential for bolt-on acquisitions in automation post-spin [39][40] - The company aims to create a new category in industrial automation, leveraging its existing $4 billion sensing and measurement business [41] Margin Expansion - Honeywell aims for high single-digit earnings growth and a margin expansion of 30-50 basis points annually [34][35] - Factors contributing to margin improvement include normalization of OE mix, resolution of integration costs from past acquisitions, and reduced supply chain costs [52][54] Challenges and Risks - The company faces challenges in passing through costs due to long-term contracts in the aerospace sector, with significant impacts expected from contract renewals in 2027 [56][58] - Stranded costs from the upcoming spin-off are anticipated to be in line with market standards, with a focus on managing these effectively [59][60] Conclusion Honeywell International is positioned for growth in 2026, driven by strong demand in aerospace and building automation, while facing challenges in industrial automation and process markets. The company is strategically focused on managing costs, enhancing productivity, and pursuing targeted acquisitions to strengthen its market position.