ZF Friedrichshafen is seeing stronger orders for hybrid and combustion-engine components as the pace of electric vehicles (EV) adoption moderates. Michael Frick, CFO of ZF, told Bloomberg the company is shifting from an EV-first approach to supplying components across electric, hybrid and internal combustion engine platforms. The German automotive supplier’s move is intended to bolster the balance sheet and improve refinancing prospects. ZF faces refinancing needs exceeding €13bn ($15.31bn) by the end ...

Delivered record 2025 Adjusted EBITDA of $492 million (13.1% margin) despite significant headwinds from softer US EV demand and market share shifts in China. Achieved record new business wins of $7.4 billion, a 20% year-over-year increase, driven by high demand for SmartCore and advanced display systems. Strategic diversification is reducing reliance on legacy OEMs, with $500 million in new business from Toyota and nearly 15% of wins coming from two-wheeler and commercial segments. Vertical integrat ...

Visteon (NasdaqGS:VC) Q4 2025 Earnings call February 19, 2026 09:00 AM ET Company ParticipantsJerome Rouquet - SVP and CFOJoe Spak - Managing DirectorKris Doyle - VP of Investor Relations and FP&ASachin Lawande - President and CEOShreyas Patil - VP of Equity ResearchConference Call ParticipantsItay Michaeli - Senior Equity Research AnalystLuke Junk - Senior Research AnalystNone - AnalystKris DoyleGood morning. I'm Kris Doyle, Vice President of Investor Relations and FP&A. Welcome to our earnings call for th ...

Visteon (NasdaqGS:VC) Q4 2025 Earnings call February 19, 2026 09:00 AM ET Speaker3Good morning. I'm Kris Doyle, Vice President of Investor Relations and FP&A. Welcome to our earnings call for the fourth quarter of 2025. Before we begin this morning's call, I'd like to remind you that today's presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are not guarantees of future performance and are subject to various risks, un ...

Core Insights - Gentherm achieved record annual revenue of $1.5 billion in 2025, marking a 2.9% increase from $1.46 billion in 2024 [2][5] - The company reported a 7% year-over-year increase in full-year operating cash flow, reducing net leverage to approximately 0.2x [2][6] - Gentherm has established guidance for 2026 with a preliminary revenue outlook of approximately $1.7 billion for 2027 [2][7] Financial Performance - In Q4 2025, product revenues reached $382.8 million, an 8.5% increase from $352.9 million in Q4 2024 [6][28] - Full-year product revenues were $1,498.6 million, up 2.9% from $1,456.1 million in 2024 [6][28] - Automotive Climate and Comfort Solutions revenue increased by 11.1% year-over-year, outperforming S&P Global's light vehicle production report by 820 basis points [6][30] Profitability Metrics - Gross margin for Q4 2025 was 23.7%, down from 24.4% in the prior year, primarily due to higher material costs [6][28] - Net income for Q4 2025 was $3.0 million, a decrease from $15.3 million in Q4 2024 [6][28] - Adjusted EBITDA for the full year was $174.8 million, or 11.7% of revenue, compared to $182.9 million, or 12.6% of revenue, in the prior year [6][28] Strategic Initiatives - The company is focused on transforming its business and expanding into adjacent markets, with a planned combination with Modine Performance Technologies expected to close by the end of 2026 [3][6] - Gentherm secured automotive new business awards totaling $2.2 billion in 2025, indicating strong future growth potential [6][28] Guidance and Outlook - For 2026, Gentherm projects product revenues between $1.5 billion and $1.6 billion, with adjusted EBITDA expected to be between $175 million and $195 million [7] - The company anticipates adjusted free cash flow of $80 million to $100 million for 2026 [7]

He also highlighted progress on cost reduction. Management initially committed to a $200 million run-rate savings target, later raised to $300 million, and said Dana delivered $248 million of cost savings in 2025 and exited the year with a $325 million run rate heading into 2026. McDonald added that the company has discussed about $40 million of stranded costs following the Off-Highway sale and said the company is assuming it will “substantially eliminate” those costs in 2026.McDonald said final fourth-quar ...

BorgWarner Awards Baby Borg Trophies to Alex Palou and Chip Ganassi for 2025 Indianapolis 500 Win [Accessibility Statement] Skip Navigation--- Ceremony took place at the Unser IndyCar Open Test at Phoenix Raceway- Marks first Baby Borg for Alex Palou and seventh for team owner Chip GanassiAUBURN HILLS, Mich., Feb. 18, 2026 /PRNewswire/ -- BorgWarner presented 2025 Indianapolis 500 winner Alex Palou with his very own Championship Driver's Trophyâ"¢, fondly referred to as the 'Baby Borg.' The 20-inch trophy i ...

ITT Conference Call Summary Company Overview - **Company**: ITT Inc. (NYSE: ITT) - **Industry**: Engineering and manufacturing of components for harsh environments across various sectors including transportation, aerospace and defense, energy, chemicals, and mining - **Market Size**: Approximately $4 billion - **Growth**: Achieved 7% organic growth over the last three years [10][11] Core Business Segments 1. **Industrial Process**: Focuses on flow technologies, including pumps and valves 2. **Motion Technologies**: Produces brake pads and shock absorbers for various vehicles, including defense and high-speed trains 3. **Connect and Control Technologies**: Manufactures connectors and control components primarily for aerospace and defense [10][11] Financial Performance and Targets - **Long-term Growth Targets**: - 10% total growth - 5% organic growth until 2030 - Adjusted EPS target of over $11, potentially $12 with M&A adjustments - Adjusted operating margin target of 23-25% and cash flow margin of 14-15% [11][12] Market Demand Insights - **U.S. Industrial Demand**: Positive indicators observed in Q4 and January, particularly in aerospace and defense, automotive, and short-cycle projects [13][14] - **Backlog**: Healthy backlog with increased profitability; long-term visibility in air and defense sectors [15][16] - **Green Projects**: Significant growth in green projects, with a 90% increase in 2025 orders compared to 2024 [17] Segment-Specific Insights - **Aerospace and Defense**: Expected to see significant growth due to Boeing's production ramp-up and defense modernization investments [18][20] - **Automotive**: Anticipated to remain flat to slightly down, but ITT expects to outperform the market by 400-500 basis points [22][24] - **Industrial Process**: Expected low- to mid-single-digit growth; strong performance in short-cycle orders and spare parts [24][25] Acquisition Strategy - **SPX FLOW Acquisition**: Expected to close in March; aims to reduce automotive exposure to 20% and integrate successfully for growth [11][12][88] - **Integration Approach**: Focus on value creation rather than traditional integration; immediate synergies targeted [85][86] Profitability and Productivity - **Decentralized Structure**: Emphasizes accountability at local levels to drive productivity and growth; utilizes 48 KPIs for performance measurement [73][75] - **Pricing Power**: Strong pricing power in CCT segment; however, limited pricing power in automotive [57][100] Future Outlook - **Debt Management**: Post-acquisition focus on debt reduction, aiming for a debt ratio around 2.7 [110][114] - **Valuation Expectations**: Anticipated P/E ratio around 20 times [116] Key Risks and Considerations - **Market Volatility**: Potential impacts from economic fluctuations and sector-specific challenges, particularly in automotive and chemicals [22][66] - **Integration Challenges**: Ensuring smooth integration of SPX FLOW while maintaining customer satisfaction and operational efficiency [86][90] This summary encapsulates the key points discussed during the ITT conference call, highlighting the company's strategic direction, market performance, and future growth prospects.

Core View - The company reported strong fourth-quarter earnings but lowered its sales forecast for the upcoming fiscal year, indicating mixed performance expectations going forward [1][5]. Quarterly Metrics - The company achieved fourth-quarter adjusted earnings per share of $2.18, surpassing the analyst consensus estimate of $1.79 [2]. - Quarterly sales reached $10.84 billion, reflecting a 2% year-over-year increase and exceeding the expected $10.495 billion [2]. - Revenue growth occurred despite a 1% decline in global light vehicle production [2]. Sales and Production Insights - Increased sales were attributed to higher production on ongoing programs and the launch of new models, including the Ford Expedition and Lincoln Navigator, Xiaomi YU7, and Jetour Zongheng G700 [3]. - Reported U.S. dollar sales benefited from a net strengthening of foreign currencies, contributing an additional $355 million [3]. - Net customer recoveries helped offset higher tariff costs incurred during the year [3]. Financial Performance - Adjusted EBIT rose 18% to $814 million, with the adjusted EBIT margin expanding by 100 basis points to 7.5% [4]. - The company generated cash from operations of $1.98 billion, with free cash flow amounting to $1.35 billion during the quarter [4]. Dividend and Outlook - A fourth-quarter dividend of $0.495 per common share was declared, representing a 2% increase [5]. - The company forecasts fiscal 2026 adjusted earnings between $6.25 and $7.25 per share, exceeding analysts' estimate of $5.99 [5]. - The sales outlook for fiscal 2026 was lowered to a range of $41.9 billion to $43.5 billion, down from a previous forecast of $48.8 billion to $51.2 billion, with analysts expecting $42.141 billion [5]. Margin and Cash Flow Projections - The company projects an adjusted EBIT margin of 6% to 6.6% for the upcoming fiscal year [6]. - Anticipated strong free cash flow is expected to be utilized for share repurchases under the current buyback authorization [6]. Stock Performance - At the time of publication, Magna International shares increased by 20.56% to $69.70, reaching a new 52-week high [7].

Core Insights - The company reported strong operational performance in 2025, achieving a record operational performance despite facing inflationary pressures and supply chain disruptions [1][5] - The company received $298 million in net new business awards in 2025, which is expected to support profitable growth in the coming years [1][27] - The company achieved a 24% improvement in operating income for the year due to efficiency improvements and cost savings [2] Financial Performance - Fourth quarter 2025 sales reached $672 million, a 1.8% increase from 2024, despite production disruptions [7] - Full year 2025 sales totaled $2.74 billion, a 0.4% increase compared to 2024, driven by favorable foreign exchange and customer pricing adjustments [9][10] - Adjusted EBITDA for the full year 2025 was $209.7 million, up from $180.7 million in 2024, reflecting improved efficiencies and cost savings [10] Safety and Operational Excellence - The company achieved a safety incident rate of 0.24 per 200,000 hours worked in 2025, surpassing the previous best and well below the world-class benchmark [3] - 31 plants completed the year with a perfect safety record of zero reportable incidents, affirming the company's commitment to safety [3] Strategic Outlook - The company expects to continue building on its successes in 2025 to drive margin expansion and value for stakeholders in 2026 and beyond [5] - The company is optimistic about its growth strategy, particularly in the Fluid Handling Systems and Sealing Systems segments, with a focus on geographic expansion and innovation [21][22] - The company anticipates that revenue from Chinese OEMs will grow significantly, aiming to increase their share of total revenue from 36% to over 60% by 2030 [24][57] Cash Flow and Liquidity - The company ended 2025 with strong free cash flow of $44.6 million in the fourth quarter and positive free cash flow for the full year of $16.3 million [15] - Total liquidity at year-end was over $352 million, with cash on hand of $191.7 million and an undrawn revolving credit facility of $160.9 million [16][17] New Business and Innovation - The company received nearly $300 million in net new business awards in 2025, with 74% related to value-add innovations and battery electric or hybrid vehicle platforms [27][28] - The company expects to triple total sales to Chinese OEMs over the next five years, leveraging established relationships and technology [26][60]