Management remarks
Call period: 2026 Q2 · 2026-07-28
Guidance: Stephen Laxton: We now expect shipment growth to finish closer to the higher end of our previously suggested 5% to 10% range for 2026.Demand and orders: Stephen Laxton: Within sheet, underlying demand is strong, and we expect that to continue into 2027, led by energy, advanced manufacturing and data centers.Analyst Q&A
Analyst Katja Jancic asked: Maybe starting on the demand outlook more broadly. So you talked about a couple of tailwinds that could last for the next few years, what, in your view, would be a reasonable assumption for underlying demand growth over the next 2 to 3 years? Management Stephen Laxton answered: Katja, this is Steve. I'll go ahead and take this one. I think the backdrop for the demand picture is, again, it's broad enough and strong enough in enough channels, and it's driven by some fundamental reshoring, fundamental of the capital investment cycles that are probably multiyear in nature, things like Leon highlighted earlier with energy investment. That's not necessarily going to slow down over the next few years. So this year, we would put an estimate somewhere around 2% up on demand overall. That's all products.管理层陈述
电话会期间：2026 Q2 · 2026-07-28
指引：斯蒂芬·拉克斯顿：我们现在预计2026年的出货增长将更接近此前给出的5%至10%区间的高端。需求与订单：斯蒂芬·拉克斯顿：在板材业务中，潜在需求强劲，我们预计这一态势将持续至2027年，背后的推动力来自能源、先进制造业和数据中心。分析师问答
分析师卡佳·扬契奇问道：“能否谈谈未来2至3年的潜在需求增长的合理预期？” 管理层斯蒂芬·拉克斯顿回答：“卡佳，我来回答。当前需求背景足够广泛且强劲，覆盖多个渠道，由根本性的制造业回流、多年期资本投资周期等因素推动，正如利昂此前提及的能源投资相关项目，未来几年这些因素未必会放缓。我们预计今年所有产品的整体需求增长约为2%。”This earnings research was prepared from company results, regulatory filings, financial statements, and earnings-call transcripts or official replays. It is for informational purposes only and does not constitute investment advice.这篇财报研究基于公司业绩公告、监管文件、财务报表，以及财报电话会议记录或官方回放整理。内容仅供参考，不构成投资建议。
