Makes the electrical enclosures, fasteners, and heat-tracing systems that protect power and data equipment in buildings, factories, and data centers—think the armored shell and connective tissue of the electrical grid.
Revenue hit USD 3.89B in 2025, with gross margin around 37% and net margin 18%. Money comes from recurring replacement and maintenance sales to electrical wholesalers, OEMs, and data center installers, not one-off projects.
Brands like HOFFMAN and RAYCHEM are spec'd into critical infrastructure, and switching costs are high because customers' systems are built around these standards. Competitors like ABB and Schneider Electric offer alternatives, but the installed base and certif
Strong Buy (sector percentile 85) — value C, growth A-, profitability B, momentum A, revisions B-. Updated daily, sector-relative, identical for every user.
Key events, in time order
ETF holdings and AI data center energy flow diagram reinforce its liquid cooling and power infrastructure positioning
Q2 sales $1.47B up 53% YoY, organic growth 47%, raised FY guidance for 2nd straight quarter
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