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2025 Annual Report
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To Our Fellow Shareholders:
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We will look back on 2025 as a pivotal year in implementing our long-term strategy, which is built around three
basic principles. First, reshaping our industrial portfolio around our best products and services, which will result in
more durable growth and operating leverage. Second, focusing our allocation of capital on tools to increase long
growth.
> strong
going
term competitiveness
and organic
Lastly,
generating
cash flow
metrics
and
more
predictability
forward. Each of these initiatives will be vital to our success during 2026 and beyond as we return to growth and
take advantage of strong backlogs and solid demand from our diverse end markets.
D s
Matthew V. Crawford
K W
Chairman, Chief Executive Officer and President
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K
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Our World Class Brands
A Purpose-driven Company Aiming To Win
Our Core Values
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2025 FORM 10-K