Nick Cash

Nick Cash followed up on the Hydrostat acquisition, asking about its $50 million revenue for 2025, if that's a good model for 2026, and inquiring about cross-selling opportunities and its growth rate from 2024 to 2025.

Answer

CFO Bob Fishman confirmed that $50 million at 30% ROS is a good number for 2026, noting Hydrostat's historical high single-digit growth. He emphasized cross-selling opportunities by leveraging existing specifications and providing an extended offering, similar to past integrations, to open up aggressive cross-selling in 2026 and 2027.

Nick Cash followed up on the Hydra-Stop acquisition, noting its $50 million revenue in 2025 and its suitability as a model for 2026. He asked about potential cross-selling opportunities, the ability to accelerate growth in 2026, and the company's growth rate from 2024 to 2025.

Answer

CFO Bob Fishman confirmed Hydra-Stop's historical growth rate was roughly high single digits and saw no reason for it to slow in 2026. He emphasized significant cross-selling opportunities by leveraging existing specifications, similar to the successful integration of Manitowoc and Everpure. He highlighted Hydra-Stop's unique product in water infrastructure as a key factor for aggressive cross-selling in 2026 and 2027.