Comfort Systems USA is positioning for growth with a record project backlog, strategic acquisitions in AI infrastructure, and a significant dividend increase, as it prepares for inclusion in the S&P 500 index in late 2025.
In his inaugural earnings call, ATS CEO Doug Wright outlined a sharpened focus on execution discipline and margin expansion, as the automation solutions provider reported robust revenue growth and a diversified, record backlog in key sectors like life sciences and energy.
While posting a record $175.3 million backlog, Twin Disc's Q2 profitability was pressured by tariff-related shipment delays and one-time operational costs. Management outlines mitigation strategies as defense and industrial segments show robust growth.
Powell Industries kicks off fiscal 2026 with robust revenue growth and a historic $1.6 billion order backlog, fueled by mega-projects in LNG and data centers, signaling strong momentum in North America's energy and digital infrastructure build-out.
Defense electronics contractor Mercury Systems (MRCY) surpassed analyst expectations with its Q2 2026 results, reporting adjusted EPS of $0.16. While a record $1.5 billion backlog signals strong demand, a deeper look reveals strategic revenue shifts and an ongoing focus on margin improvement as the company navigates its turnaround.
Powell Industries (NYSE: POWL) reported mixed Q4 2025 results, with revenue slightly missing estimates but earnings beating expectations. The company's outlook remains robust, driven by a record order backlog extending into 2028, with significant momentum in data center and liquefied natural gas (LNG) infrastructure projects.
Defense giant Lockheed Martin reported better-than-expected fourth-quarter results, reaffirmed its 2026 outlook, and secured a key $328.5 million sensor contract for Taiwan's Air Force, driving its stock higher. Analysts point to a record $194 billion order backlog as a buffer, though questions linger about valuation and long-term budget dependencies.
Shares of Jacobs Solutions (J) climbed over 3% after the engineering and professional services giant posted quarterly results that handily topped analyst forecasts, fueled by double-digit revenue growth and a surging project backlog.
GE HealthCare Technologies reports robust Q4 2025 results, exceeding expectations with 4.8% organic revenue growth. The company enters 2026 with a record $21.8 billion backlog and a strategic focus on its innovation pipeline, including key launches in photon-counting CT and radiopharmaceuticals, while navigating tariff headwinds.
Despite tariff pressures impacting costs and shipment timing, Twin Disc reports resilient demand in marine and defense sectors, driving a record $175.3 million backlog. The company outlines mitigation strategies and sees defense as a key long-term growth pillar.
Argan Inc. reports record project backlog and strong financials, driving a significant stock rally. While management touts diversified industrial demand as a tailwind, the market debate now centers on the durability of this growth phase and the company's ability to convert its massive pipeline into sustained profit.
Jacobs Solutions outperformed Wall Street expectations in its latest quarter, driven by robust demand in life sciences, advanced manufacturing, and critical infrastructure. The company's record backlog and expanding digital consulting arm position it for sustained growth through 2026.
Defense technology specialist Mercury Systems (MRCY) reported stronger-than-expected fiscal Q2 results, driven by accelerated deliveries and improved working capital management. The company posted record backlog and robust cash flow, though management maintained its full-year outlook citing supply chain prudence.
Baird raises Caterpillar's price target to $805, citing robust order backlogs and earnings visibility fueled by surging demand for power systems from data centers and AI infrastructure.
RTX's strong Q4 performance, fueled by double-digit commercial growth and a soaring defense backlog, drew sharp analyst focus on execution risks and supply chain challenges during the earnings call.
While Boeing's Q4 revenue beat offers short-term relief, analysts point to its unprecedented order backlog as the true indicator of long-term recovery and growth potential in the commercial aviation sector.
Trane Technologies (TT) surpassed Wall Street expectations for Q4 2025, driven by surging demand in commercial HVAC systems and data center infrastructure. The company reported revenue of $5.14B, up 5.5% year-over-year, with earnings per share of $2.86. Management expressed confidence for 2026, citing a record order backlog.
While ICF International's stock has kept pace with the broader market, analysts highlight concerns over declining backlog and slowing revenue growth, suggesting investors may find better opportunities elsewhere.
Trane Technologies (NYSE: TT) reported robust Q4 2025 results, driven by exceptional commercial HVAC demand and a record $7.8 billion backlog. While proactive inventory adjustments pressured residential margins, executives project 12-14% adjusted EPS growth for 2026, fueled by strategic acquisitions and sustained commercial strength.
Lockheed Martin capped a year of robust sales growth with a historic $194 billion order backlog, driven by soaring demand for its advanced defense systems. The aerospace giant announced plans for a significant 'step function' increase in capital investment for 2026 to ramp up production of missiles and next-generation capabilities.
