Financial Performance - Net sales remained steady, increasing by 0.2% to $728.5 million[11], but excluding foreign exchange, sales increased by 2%[4] - Reported operating income margin increased by 110 basis points to 15.4%, with a record Q2 adjusted operating income margin of 16.0%, up 120 basis points[4] - Reported EPS increased by 10% to $0.96, while adjusted EPS increased by 11% to $1.01[4] - Cash returned to shareholders increased by 18% to $87 million through share repurchases and dividends[4] Segment Performance - North America net sales increased by 2.5% to $429.5 million, with adjusted EBIT increasing by 10.2% to $91.2 million[13] - Europe net sales increased by 6.4% to $115.6 million, with adjusted EBIT increasing significantly by 56.3% to $14.9 million[15] - Asia Pacific net sales decreased by 3.2% to $67.0 million, with adjusted EBIT decreasing by 44.1% to $0.4 million[17] - South America net sales decreased by 12.3% to $39.1 million, with adjusted EBIT decreasing by 54.9% to $5.0 million, impacted by the Venezuelan operation[19] - Harris net sales decreased by 9.9% to $77.4 million, with adjusted EBIT decreasing by 2.2% to $7.2 million[25] Venezuela Impact - Q2 2014 results include $19.0 million in net sales and $4.4 million in adjusted EBIT from the Venezuelan operation[12, 20] - A $3.5 million charge was taken to cost of goods sold in Q2 2014 related to currency remeasurement to SICAD I[20, 24]

Financial Performance - Q1 2013 - Net sales decreased by 1.2%, from $727.1 million in Q1 2012 to $718.6 million in Q1 2013[6] - Operating income decreased by 3.3%, from $91.7 million in Q1 2012 to $88.6 million in Q1 2013[6] - Adjusted operating income increased by 8.4%, from $91.7 million in Q1 2012 to $99.3 million in Q1 2013[6] - Net income increased by 4.0%, from $64.2 million in Q1 2012 to $66.8 million in Q1 2013[6] - Adjusted net income increased significantly by 20.1%, from $64.2 million in Q1 2012 to $77.1 million in Q1 2013[6] - Diluted EPS increased by 5.3%, from $0.76 in Q1 2012 to $0.80 in Q1 2013[6] - Adjusted diluted EPS increased by 21.1%, from $0.76 in Q1 2012 to $0.92 in Q1 2013[6] Segment Performance - North America welding segment net sales increased by 10.0%, from $381.3 million to $419.6 million, with an adjusted EBIT margin of 17.1%[16] - Europe welding segment net sales decreased by 12.2%, from $125.8 million to $110.5 million, with an adjusted EBIT margin of 9.3%[18] - Asia Pacific welding segment net sales decreased significantly by 24.3%, from $92.6 million to $70.0 million, but the adjusted EBIT margin increased to 3.1%[20] - The Harris Products Group net sales decreased by 6.3%, from $87.6 million to $82.1 million, but the adjusted EBIT margin improved to 8.5%[25] Capital Allocation - The company contributed $50 million to the U.S pension plan[29] - Share repurchases amounted to $12.8 million[30]

Financial Performance - Adjusted operating profit margin reached a record 14.8% despite uneven market conditions[4] - Adjusted EPS increased by 12%[4] - The company generated $107 million in cash flow from operations, including a $25 million voluntary U.S pension contribution[4] - ROIC was 18.9%[4] - The company returned $73 million to shareholders through share repurchases and dividends[4] Sales Analysis - Net sales decreased by 2.2% year-over-year to $727.4 million[5] - Sales volume declined by 4.9%[8] - Acquisitions contributed positively, increasing sales by 3.1%[8] - Foreign exchange had a negative impact, decreasing sales by 0.5%[8] Segment Performance - North America welding segment net sales increased by 0.7% to $419.1 million[16] - Europe welding segment net sales decreased by 5.0% to $108.7 million[17] - Asia Pacific welding segment net sales decreased significantly by 19.0% to $69.2 million[18] - Harris Products Group net sales decreased by 5.3% to $86.0 million[20] Capital Allocation - Capital expenditures increased by 17% to $15.9 million[29] - Dividends increased by 17% to $17 million[27] - Share repurchases increased significantly by 184% to $57 million[28]

Financial Performance - Q3 2013 - Net sales decreased slightly by 0.8% year-over-year, from $697.6 million to $691.9 million[5, 10] - Adjusted operating income increased by 10.6% year-over-year, from $91.8 million to $101.5 million, with an adjusted operating profit margin of 14.7%, up 150 basis points[4, 5, 10] - Adjusted diluted EPS increased by 7.5% year-over-year, from $0.80 to $0.86[4, 5, 10] - Cash flow from operations increased significantly by 88% to $155 million[4] - The company's ROIC stood at 18.5%[4, 30] Segment Performance - Q3 2013 - Americas Welding segment net sales increased by 3.5% year-over-year, from $390.3 million to $404.1 million, with an adjusted EBIT margin of 17.1%, up 20 basis points[12] - Europe Welding segment net sales decreased by 5.7% year-over-year, from $104.5 million to $98.5 million, with an adjusted EBIT margin of 7.6%, down 30 basis points[14] - Asia Pacific Welding segment net sales decreased significantly by 16.3% year-over-year, from $76.3 million to $63.8 million, with an adjusted EBIT margin of -1.4%, down 400 basis points[16] - The Harris Products Group net sales increased by 16.1% year-over-year, from $44.5 million to $51.7 million, with a substantial adjusted EBIT margin increase of 1,370 basis points to 30.7%[18] - The Other segment net sales decreased by 10.1% year-over-year, from $81.9 million to $73.7 million, with an adjusted EBIT margin of 9.1%, down 10 basis points[20] Capital Allocation - The company returned $60 million in cash to shareholders through share repurchases and dividends[4] - Share repurchases increased by 120% to $44 million[29] - Dividends increased by 16% to $16 million[32] Strategic Initiatives - The company is focused on optimizing operations and profitability, driving improved shareholder returns[7, 8] - Automation investment continues, including a new facility in Brazil and expansion in Mexico[9] - The company expects $8 to $10 million in incremental benefits from prior actions in 2013[9]

Financial Performance - Full Year 2013 - Record operating profit margin was reported at 14.3%, with an adjusted margin of 15.0%[4] - Record cash flow from operations reached $339 million[4] - Record EPS was reported at $3.54, with an adjusted EPS of $3.77[4] - The company achieved a solid ROIC of 18.9%[4] - A record $217 million was returned to shareholders through share repurchases and dividends[4] - Net sales remained relatively flat year-over-year at approximately $2.853 billion[5] Financial Performance - Q4 2013 - Net sales increased by 4.4% year-over-year to $714.8 million[11] - Operating income increased significantly by 38.7% year-over-year to $118.9 million[11] - Net income increased by 42.3% year-over-year to $88.3 million[11] - Diluted EPS increased by 44.6% year-over-year to $1.07[11] Capital Allocation - Dividends for FY2013 totaled $49 million, with a 15% increase announced for 2014[28, 30] - Share repurchases for FY2013 increased by 107% to $168 million[28, 30] - Capital expenditures for FY2013 increased by 43% to $76 million, driven by the Venezuela facility purchase[28, 30] Segment Performance - Q4 2013 - Americas net sales were $410 million, a 4.4% increase year-over-year, with an adjusted EBIT margin of 19.2%[13] - Europe, Middle East, and Africa net sales were $111.9 million, a 4.1% increase year-over-year, with an adjusted EBIT margin of 6.9%[15] - Asia Pacific net sales were $63.2 million, a 10.0% decrease year-over-year, with an adjusted EBIT margin of -0.2%[17] - South America net sales were $63.3 million, a substantial 58.5% increase year-over-year, with an adjusted EBIT margin of 39.8%[19] - The Other segment net sales were $66.4 million, a 10.3% decrease year-over-year, with an adjusted EBIT margin of 9.3%[20]

Financial Performance - Lincoln Electric's Q3 2014 reported sales increased by 3.5%, and by 5.8% excluding foreign exchange impacts[4] - The company's Q3 2014 adjusted EPS increased by 9% to $0.94[4] - Cash returned to shareholders increased by 146% to $148 million in Q3 2014[4] Segment Performance - North America net sales increased by 8.8% with volume up 5.7%[14] - Europe net sales increased by 9.1% with volume up 12.5%[15] - Asia Pacific net sales decreased by 10.1% with volume down 11.0%[17] - South America net sales decreased by 36.5% with volume down 40.3%[18] - Harris net sales increased by 6.4% with volume up 7.4%[21] Capital Allocation - Dividends increased by 11% to $18 million[27] - Share repurchases increased by 196% to $130 million[27] - Capital expenditures decreased by 46% to $15 million[27]

2020 Performance Highlights - Operating EPS reached $2.24, a 22% increase compared to 2019[11] - Operating Revenues totaled $7.31 billion, up 7% from 2019[11] - The combined ratio improved to 93.3, a 2-point improvement from 95.3 in 2019[11] - Book Value Per Share increased by 13% to $20.75, inclusive of dividends, from year-end 2019[11] - Shareholders' Equity rose to $6.19 billion, up from $6.00 billion at the end of 2019[11] 1st Quarter 2021 Highlights - Operating EPS increased by 47% to $0.69, from $0.47 in the first quarter of 2020, driven by underwriting strength in both General Insurance & Title[12] - Net Premiums & Fees Earned increased by 18% to $1.83 billion, driven by Title Insurance (up 40%) and General Insurance (up 1%)[12] - The combined ratio decreased by 4.2 points to 90.9, versus 95.1 last year[12] - Book Value Per Share was $21.59, up 5.1% from 4Q20, inclusive of dividends[12] Business Profile - General Insurance accounted for 53% and Title Insurance for 46% of the company's operating revenue in 2020[14] - The General Insurance segment had $3.8 billion in operating revenue with a steady 96 combined ratio over 15 years[14] - The Title Insurance segment had $3.3 billion in operating revenue with low 90's combined ratios[14] Dividend Record - The company has a shareholder-friendly dividend track record, paying dividends for 80 straight years and increasing the annual dividend for 40 straight years[33]

ARC-520 Tolerability and Mechanism - ARC-520 has been very well tolerated in 84 humans with single doses, showing no serious or severe adverse events or discontinuations due to AEs[15, 16] - Chimpanzee studies showed that ARC-520 leads to deep HBsAg reduction, with HBeAg(+) chimps showing a mean peak knockdown of 99% (2 log) and HBeAg(-) chimps showing 81% (0.7 log)[17] - The DPC platform is potent and consistent, de-risking ARC-520 and future candidates built on the same DPC, with HBeAg knockdown in HBeAg(+) patients reaching 92% (1.2 log) mean max KD and 98% (1.7 log) max KD after a single 4mg/kg dose[19] ARC-520 Efficacy and Target Population - ARC-520 achieved a 99% (1.9 log) maximum knockdown of HBsAg after a single dose, the highest ever reported in a human using RNAi[20] - In NUC-naïve HBeAg(+) patients, ARC-520 administration resulted in a mean max HBsAg knockdown of 1.05 log, with a maximum knockdown of 99% (1.9 log) through Day 15[21] - In the US, 95% of estimated CHB patients are NUC-naïve, with approximately 50% estimated to be HBeAg(+), making them an important target population for ARC-520[25] - In Western Europe, 90% of estimated CHB patients are NUC-naïve, with approximately 33% estimated to be HBeAg(+)[25] Integrated DNA and ARC-521 - Integrated DNA becomes an increasingly important source of HBsAg as cccDNA is reduced, influencing the response to ARC-520[19] - Two HBeAg neg chimps treated with siRNA targeting integrated DNA showed a mean nadir of HBsAg reduction of 99.8% after switching from ARC-520, representing an additional 2 log decline[77] - The company nominated an additional candidate, ARC-521, optimized to include integrant KD, with an IND or equivalent expected by mid-year 2016[29, 30]

Financial Performance & Outlook - Crown's revenue significantly increased from $0.2 million in 2023 to $19.7 million in 2024[75] - The company anticipates achieving cash flow positivity by the end of 2025[76, 79] - As of March 31, 2025, Crown maintains a strong financial position with over $20 million in cash[76] Business Divisions & Opportunities - The Construction Division specializes in fiber optics, water service lines, and water intake solutions[13, 16] - The Smart Windows Division focuses on technology that improves energy efficiency and reduces carbon footprint in buildings[14] - The Fiber Optics business is driven by increasing demand for bandwidth, with U S homes and businesses having 55% direct fiber connection estimated in 2025, up from 39% in 2022[18, 20] - The Water Service Lines business is targeting the replacement of an estimated 9.2 to 12.8 million lead pipes in the U S , supported by government funding[29] - The Water Intake Solutions business completed its first slant wells installation in Cabo San Lucas, Mexico in February 2025[50] Smart Windows Technology - Smart Window Inserts utilize DynamicTint™ technology for energy efficiency and carbon emission reduction in buildings[62, 64] - DynamicTint™ offers a fast tint transition time and is significantly less expensive compared to other tint solutions, with patent protection[69]

Q1 2021 Performance - Adjusted net sales increased by 2% overall, with Aerospace & Defense markets up by 8%[4] - Adjusted operating income increased by 15%, leading to an adjusted operating margin increase of 160 bps to 150%[4] - Adjusted diluted EPS was $151, an increase of 18%[4] - New orders reached $571 million, up by 3%, driven by a strong 12x book-to-bill ratio in commercial markets[4] FY 2021 Adjusted Guidance - The company raised full-year guidance for sales, operating income, operating margin, and EPS[5] - Expect sales growth of 7% - 9%, with solid growth in both A&D and commercial end markets[5] - Solid operating income growth of 9% - 11% outpacing sales growth, and driving continued margin expansion of 30 - 40 bps to 166% - 167%[5] - Adjusted diluted EPS increased by $010 to a new range of $710 - $730, up 8% - 11%[5] - Maintained FCF guidance range of $330 - $360 million, with adjusted FCF conversion >110%[5] Segment Performance (Q1 2021) - Aerospace & Industrial sales decreased by 15% to $178 million, while operating margin decreased by 330 bps to 104%[6] - Defense Electronics sales increased by 31% to $182 million, with operating margin up 170 bps to 209%[6] - Naval & Power sales increased by 1% to $230 million, with operating margin up 300 bps to 177%[6] 2021E End Market Sales Growth (Guidance) - Total Aerospace & Defense markets are expected to grow by 7% - 9%, accounting for 66% of total sales[8] - Total Commercial Markets are expected to grow by 6% - 8%, accounting for 34% of total sales[8] - Total Curtiss-Wright sales are expected to grow by 7% - 9%, with organic growth up 2% - 4%[8] 2021E Financial Outlook (Guidance) - Total sales are projected to be between $2450 - $2500 million, representing a 7% - 9% increase[10] - Total operating income is projected to be between $408 - $418 million, representing a 9% - 11% increase[10] - Diluted EPS is projected to be between $710 - $730, representing an 8% - 11% increase[12] - Free cash flow is projected to be between $330 - $360 million, with a free cash flow conversion of ~116%[14]