Question · Q1 2026
Jeffrey D. Hammond with KeyBanc Capital Markets Inc asked for an update on the data center and liquid cooling side of the business, noting rapid growth and mind-boggling order rates from peers. He also inquired about the Curtis revenue split between North America and international, and if the guidance included any further share buybacks.
Answer
Chairman and CEO Jennifer Parmentier stated that Parker has nice exposure and is seeing rapid growth in data center liquid cooling, though it's less than 1% of sales. She highlighted Parker's unique interconnected technologies and ability to provide liquid cooling systems. Executive Vice President and CFO Todd Leombruno indicated that Curtis sales are split almost 50/50 between North America and international. He also confirmed that no additional share buybacks are forecasted in the guidance, as the company's net debt to adjusted EBITDA is 1.8, well below its target.
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