In the HVAC segment, fourth-quarter revenue grew 16.4% , including 5.5% inorganic growth and a modest foreign exchange tailwind. Organic revenue increased 10.3% , with management citing solid performance in both cooling and heating. Segment income rose $17 million , or 18%, and segment margin improved 40 basis points , which the company attributed primarily to higher volume and operating leverage. Segment backlog ended the quarter at $585 million , up 22% organically year over year.For the fourth quarter, t ...

Full-year 2025 growth was driven by strong organic performance in both segments and the successful integration of the KTS, Sigma, and Omega acquisitions. HVAC segment outperformance was primarily fueled by higher volumes in cooling and heating, providing significant operating leverage and a 40 basis point margin expansion. Management is executing a massive capacity expansion strategy, investing $160,000,000 over two years to support a projected $700,000,000 in incremental revenue potential. The acqu ...

Q4 2025 Earnings Presentation FEBRUARY 24, 2026 Q4 2025 EARNINGS PRESENTATION | COPYRIGHT © 2025 SPX TECHNOLOGIES 1 Q4 2025 EARNINGS PRESENTATION | COPYRIGHT © 2025 SPX TECHNOLOGIES FEBRUARY 24, 2026 2 | Introductory Comments Gene Lowe, President & Chief Executive Officer FEBRUARY 24, 2026 Q4 2025 EARNINGS PRESENTATION | COPYRIGHT © 2025 SPX TECHNOLOGIES 3 | Safe Harbor Statement Certain statements contained in this presentation that are not historical facts, including any statements as to future market con ...

Introducing Full-Year 2026 GuidanceCHARLOTTE, N.C., Feb. 24, 2026 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) (“SPX”, the “Company”, “we” or “our”) today reported results for the fourth quarter ended December 31, 2025. Fourth Quarter Highlights (amounts presented for continuing operations; all comparisons against the fourth quarter of 2024, unless otherwise noted) Revenue of $637.3 million, up 19.4%GAAP income from continuing operations of $78.2 million, up 38.4%GAAP EPS of $1.54, up 29.4%Adjuste ...

Company Overview - Comfort Systems USA, Inc. (NYSE:FIX) is a significant player in the mechanical services industry, specializing in HVAC installation, maintenance, and repair services across the United States [1] - The company serves a diverse clientele in the commercial, industrial, and institutional sectors, competing with other major firms in the HVAC industry [1] Market Performance - On February 23, 2026, a new price target of $1,800 was set for FIX by Brent Thielman from D.A. Davidson, indicating a potential increase of 27.57% from the trading price of $1,411 at that time [2] - The stock is currently priced at $1,412.18, reflecting a slight decrease of 3.42% or $50.06, but the market's response to the recent tariff removal suggests a favorable environment for growth [3] - FIX's stock has shown volatility, fluctuating between $1,403.32 and $1,463 throughout the day, with a yearly high of $1,476.94 and a low of $276.44, indicating significant growth potential [4] Market Capitalization and Trading Activity - The market capitalization of FIX is approximately $49.81 billion, solidifying its position as a key player in the HVAC industry [4] - The trading volume for FIX on the NYSE is 191,396 shares, reflecting active investor engagement and interest in the company's performance [5] Impact of Tariff Removal - The recent Supreme Court decision to overturn tariffs is expected to enhance the profitability and competitiveness of companies like Comfort Systems USA, contributing positively to FIX's market outlook [2][3]

Core Viewpoint - AAON, Inc. is identified as a high-growth industrial stock with a positive outlook from analysts, particularly following a meeting with management at the AHR Expo in Las Vegas [1][2]. Group 1: Company Overview - AAON, Inc. manufactures customizable, high-performance HVAC solutions for commercial and industrial buildings, including rooftop units, chillers, and data center cooling systems [3]. - The company has a robust product portfolio that is well-positioned to meet the needs of future data center builds, especially with the evolving capabilities of GPUs and coolant requirements [2]. Group 2: Financial Position - AAON has increased its borrowing capacity under a revolving credit facility by $100 million, raising it to $600 million to secure financing for working capital needs while ramping up operations at its Memphis facility [3]. Group 3: Analyst Sentiment - Analysts at DA Davidson have reiterated a Buy rating and set a price target of $120 for AAON, reflecting confidence in the company's ability to achieve or exceed its 2027 financial framework [1][2].

We came across a bullish thesis on Trane Technologies plc on The Wealth Dynasty Report’s Substack. In this article, we will summarize the bulls’ thesis on TT. Trane Technologies plc's share was trading at $454.76 as of February 6th. TT’s trailing and forward P/E were 34.61 and 30.86 respectively according to Yahoo Finance. Barclays Trims Target on Lennox, But Still Sees Structural Strength taylor-vick-VXf6Nb_UfpQ-unsplash Trane Technologies (TT) is widely misunderstood by the market, which classifies it ...

Core Insights - Modine Manufacturing (MOD) is undergoing a significant transformation, focusing on Climate Solutions driven by increasing data center demand and a strategic portfolio simplification [1][9] Group 1: Portfolio Transformation - Modine's business mix is shifting towards Climate Solutions, with data center cooling identified as a primary growth driver, expecting 50% to 70% annual growth over the next two fiscal years [2] - The Climate Solutions segment is targeting margins of 20% to 23% for the next fiscal year, with expectations of reaching 20% to 21% margins by the fourth quarter of fiscal 2026, indicating an improvement in both mix and scale [3] Group 2: Separation of Performance Technologies - Modine plans to separate its Performance Technologies business through a Reverse Morris Trust transaction with Gentherm, expected to close in the fourth quarter of calendar 2026 [4] - This separation aims to position Modine as a pure-play Climate Solutions company, focusing on data centers, commercial HVAC, and refrigeration, while reducing exposure to cyclical automotive markets [5] Group 3: Strategic Acquisitions - In fiscal 2026, Modine has made acquisitions including AbsolutAire, L.B. White, and Climate by Design International, enhancing its HVAC and critical air capabilities [6] Group 4: Future Reporting Segments - Starting in fiscal 2027, Modine will report three segments: Data Centers, Commercial HVAC, and Performance Technologies (until the deal closes), leading to a cleaner portfolio and stronger margin potential [7] Group 5: Competitive Landscape - Modine competes with larger players like Trane Technologies and Vertiv Holdings within the Climate Solutions sector, with Trane focusing on commercial buildings and sustainability, while Vertiv aligns closely with data center infrastructure [8][10] Group 6: Long-term Outlook - Modine's transformation is expected to enhance its focus on high-growth, high-margin Climate Solutions markets, particularly in data center cooling, potentially leading to a stronger earnings profile over time [11]

Conestoga Capital Advisors, an asset management company, released its fourth-quarter 2025 investor letter. As many believe, US equities experienced solid returns in 2025, with double-digit gains across all major indices, yet underlying conditions revealed extreme volatility and market leadership. A copy of the letter can be downloaded here. In Q4 2025, Conestoga Capital Advisors SMid Cap Strategy trailed the Russell 2500 Growth Index, returning -2.71% vs. 0.33% for the Index. Relative performance fluctuated ...

Strategic Performance and Operational Drivers - The company achieved a 14.2% adjusted EBIT margin in 2025 by leveraging technology leadership to navigate a complex industry environment and shifting product mix [5] - Revenue base transitioned from 41% light vehicle diesel in 2018 to over 44% gasoline today while maintaining resilient margins [5] - Significant share of demand gains secured in gasoline VNT and hybrid platforms, reinforcing the core turbo business as a central driver for emissions reduction [5] - Expanded industrial footprint through initial series production awards for the MEG turbo frame size and entry into the aftermarket retrofit space [5] - Leveraged automotive-scale turbomachinery and oil-free foil bearing technology to enter high-growth industrial cooling and data center markets [5] - Maintained a disciplined capital allocation framework, returning $260 million to shareholders through repurchases and dividends in 2025 [5] - Achieved an 80% free cash flow conversion rate, demonstrating operational rigor in converting earnings into liquidity despite macroeconomic headwinds [5] 2026 Outlook and Strategic Trajectory - 2026 guidance assumes a 2% decline in global light vehicle production, offset by continued share of demand gains and a 1.5% recovery in commercial vehicles [5] - Anticipates adjusted EBIT margin expansion to 14.7% driven by volume growth and productivity improvements offsetting pricing and inflation pressures [5] - Approximately 50% of RD&E budget allocated toward zero-emission technologies and industrial cooling to drive long-term portfolio diversification [5] - Industrial cooling expected to scale rapidly, projected to exceed 5% of total company revenue by the end of the decade [5] - Series production for next-generation centrifugal compressors with Trane Technologies scheduled to begin in 2027 following initial customer units in 2026 [5] - Landmark collaboration with Trane Technologies announced to integrate Garrett's oil-free compressors into commercial HVAC and chiller applications [5] Risk Factors and Financial Recovery - Recovered $40 million in tariffs during 2025, though Q4 margins absorbed a 20 basis point dilution from ongoing tariff impacts [5] - Authorized a new $250 million share repurchase program for 2026, targeting a 75% distribution of adjusted free cash flow over time [5] Industry Insights - Data center expansion identified as a primary driver for the power generation segment, with sales in this vertical expected to grow double-digits [6]