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 ...

Valmont Industries (NYSE:VMI) 2026 Conference February 19, 2026 08:50 AM ET Company ParticipantsAvner Applbaum - President and CEORenee Campbell - VP of Investor Relations and TreasurerTom Liguori - CFONone - Company RepresentativeConference Call ParticipantsNone - AnalystModeratorCiti Investment Banking. Very pleased to host this morning, the team from Valmont Industries. We've got Avner Applbaum, President and CEO, Tom Liguori, CFO, and Renee Campbell, who has many roles in investor relations and treasury ...

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 ...

Cognex (NasdaqGS:CGNX) 2026 Conference February 19, 2026 08:50 AM ET Company ParticipantsDennis Fehr - SVP of Finance and CFOConference Call ParticipantsPiyush Avasthi - VP and Research AnalystNone - AnalystPiyush AvasthiPrivate chat with Cognex. I am Piyush Avasthi, analyst at Citi. With me today is Dennis Fehr, the CFO of Cognex. Welcome, Dennis.Dennis FehrThank you. Thank you for having me, and thanks, everyone, for your interest in Cognex.Piyush AvasthiHi, Dennis. Cognex is a strong player in machine vi ...

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 ...

Canadian Pacific Kansas City (NYSE:CP) FY Conference February 19, 2026 08:05 AM ET Company ParticipantsChris de Bruyn - EVP of Finance and CFOKeith Creel - President and CEOConference Call ParticipantsBrandon Oglenski - Airline and Transport AnalystNone - AnalystBrandon OglenskiAll right, good morning, everyone. Welcome to day three of Barclays 43rd Annual Industrial Select Conference. I'm Brandon Oglenski, airline and transport analyst, and very excited to be kicking off, day three here with Canadian Pacif ...

Summary of Cummins Conference Call Company Overview - **Company**: Cummins - **Event**: Barclays Industrial Select Conference Key Industry Insights - **AI Boom and Data Center Demand**: Cummins views itself as a low-risk way to capitalize on the AI boom, particularly in data center-driven demand. There is strong ongoing visibility of demand through the decade, with no signals of a slowdown in the next five years [4][5][6] - **Power Generation Capacity**: Cummins has doubled its power generation capacity in recent years and plans to continue evaluating investments in capacity and product offerings while being cautious about overbuilding [7][8] Financial and Operational Strategies - **Pricing and Margin Protection**: Cummins employs inflation and pricing adjusters in contracts to protect margins on backlog orders, which are subject to various market conditions [9][10] - **Customer Concentration**: The backlog is concentrated among large hyperscalers, but Cummins serves a diverse range of customers beyond just a few major players [11][13] Competitive Landscape - **Market Competition**: The diesel standby genset market is seeing new entrants, but Cummins has not experienced significant market share shifts. The company believes its established capabilities and investments in supply chain give it a competitive edge [19][21][22] Product Development and Innovation - **Battery Backup Systems**: While battery energy storage systems (BESS) are being evaluated, diesel standby gensets remain a preferred solution for data centers due to their effectiveness and cost [28][29] - **New Product Launches**: The launch of new platforms like X10 and HELM will initially compress margins due to higher costs and warranty accruals, but long-term margins are expected to stabilize [35][38] Regulatory Environment - **EPA Regulations**: Cummins anticipates regulations targeting 35 mg NOx emissions, with a focus on maintaining a competitive warranty structure. The company is preparing for potential regulatory changes that could impact product development and market dynamics [46][48][50] Market Demand and Trends - **Heavy-Duty Truck Cycle**: The company is seeing early signs of recovery in the heavy-duty truck market, with expectations of reaching replacement demand levels of 220-240 thousand units annually. However, pre-buy activity ahead of regulatory changes is expected to be modest [57][60][61] Accelera Business Unit - **Zero-Emissions Portfolio**: Cummins is resizing its Accelera business, focusing on hydrogen and e-mobility. The company is adjusting its strategy in hydrogen due to lower-than-expected demand while maintaining a strong position in battery technologies [63][64][65] Investment Strategy - **Organic vs. Inorganic Investments**: Cummins emphasizes a disciplined approach to balancing organic and M&A investments, focusing on long-term profitable growth and credible investment theses [80][81][85] Audience Sentiment - **Stock Sentiment**: Audience responses indicated a positive bias towards Cummins stock, with a significant portion favoring share repurchases as a use of excess cash [68][74] This summary encapsulates the key points discussed during the conference call, highlighting Cummins' strategic positioning, market dynamics, and future outlook.