Question · Q4 2025
Randy Marker asked for color on the underlying demand trends driving automation orders, differentiating between new products like Kollmorgen Essentials and robotics opportunities versus more traditional automation markets, and sought insight into the shippable backlog for 2026. He also inquired about the impact of Q4 destocking on the residential HVAC outlook for 2026 and the confidence level in pressure alleviation in the second half of the year.
Answer
CEO Louis Pinkham noted automation orders were up 9% in the quarter, with Kollmorgen Essentials contributing about $1 million in orders. He highlighted continued traction with humanoid OEMs and expected low double-digit growth in robotics for the next few years. For PES, Mr. Pinkham stated the outlook for residential HVAC remains down high single-digits for 2026, with the largest impact in the first half and some rebound in the second half due to easier year-over-year comparisons, rather than a change in market forecastability.
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