Management remarks
Call period: 2027 Q1 · 2026-10-06
Guidance: Russell L. Gordon: Adjusted EBITDA is now expected to grow mid single digits compared to a previous outlook of up 5% to 10%. MAP benefits including the previously announced $75 million of SG and A focused savings and incremental pricing are expected to offset persistent inflation which has increased from our previous outlook.Demand and orders: Frank C. Sullivan: Slide 5 highlights emerging markets generating more than 20% revenue growth fueled by demand for engineered solutions for high performance buildings and infrastructure.Margins: Frank C. Sullivan: As expected, we offset raw material inflation on a dollar basis but gross margins declined 100 basis points as the rate of raw material inflation outpaced pricing MAP benefits in the quarter.Analyst Q&A
Analyst Arun Viswanathan asked: I hope you guys are well. Just wanted to get your thoughts on margins. It looks like there is potentially some extra raw material pressure kind of flowing through. So how do you expect that to kind of evolve over the next few quarters And do you expect to be successful on some pass through price? Management Frank C. Sullivan answered: We will be gaining on margin improvement as we sequentially go through the year. And then as we have done in the past, it is my expectation that we will recover 100% of any loss margin and maybe a little bit more The 1 area where that will not be true in freight surcharges. So, we are passing on dollar for dollar freight surcharges in many of our businesses to customers. And as those freight costs come down back to normal levels, then if and when we resend those temporary surcharges, that is literally just covering your dollar expense.管理层陈述
电话会期间：2027 Q1 · 2026-10-06
指引：罗素·L·戈登称：调整后EBITDA如今预期为中个位数增长，此前预期为增长5%至10%。包括此前宣布的7500万美元SG&A定向节省和增量定价在内的MAP收益，有望抵消较此前预期上升的持续通胀。需求与订单：弗兰克·C·沙利文称：第5页幻灯片显示，受高性能建筑和基础设施工程解决方案需求推动，新兴市场营收增长超过20%。利润率：弗兰克·C·沙利文称：正如预期，我们以美元计价抵消了原材料通胀，但本季度因原材料通胀率超过定价MAP收益，毛利率下降100个基点。分析师问答
分析师阿伦·维斯瓦纳坦提问：想了解公司利润率情况，目前似乎有额外原材料压力显现，请问未来几个季度利润率将如何演变，公司能否成功转嫁成本？管理层弗兰克·C·沙利文回应：公司全年利润率将逐季改善，预计将完全弥补100%的利润率损失，甚至可能更多，仅货运附加费领域除外。公司目前在多项业务中向客户按每美元全额转嫁货运附加费，当货运成本回落至正常水平后，若我们取消这些临时附加费，其收入将恰好覆盖相应的美元支出。
