Industrial Weekly: The Nuts and Bolts

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Industrial Weekly: The Nuts and Bolts

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Industrial Weekly

The Nuts and Bolts

Industry Overview

DE Reported F’2Q Earnings; Cites Challenges in Global Ag 26 May 2026

Deere (DE) F'2Q26 Production & Precision Agriculture net sales -14% YoY to $4,503mn High Grade Credit

(Bloomberg est. $4,660mn). F'FY26 Outlook: Net operating cash flow maintained at United States

$4.5bn to $5.5bn. DE stated that as it addresses ongoing challenges within global Aerospace/Defense, Autos, Capital

Goods, Transportationagricultural (Ag) markets, its portfolio continues to drive market share expansion.

PH to Acquire CIRCOR Commercial & Defense Aerospace Douglas Karson

Parker-Hannifin (PH) entered a definitive agreement to acquire CIRCOR International’s ResearchBofAS Analyst

Commercial and Defense Aerospace business on a cash-free, debt-free basis for a cash +1 646 855 7405

doug.karson@bofa.com

purchase price of $2.55bn. The deal’s expected to close in 2H of calendar year 2026.

Ford Makes Changes to BOSK Arrangement SomaiaResearchBarakahAnalyst

BofAS

As previously disclosed, on 12/9/25, Ford (F)/SK On/SK Battery America/BlueOval SK somaia.barakah@bofa.com

(BOSK) entered into a JV Disposition Agreement. On 5/20/26, closing on the transactions Shane Steinlauf

contemplated by this agreement occurred and, with this, Ford’s membership interest in Research Analyst BofAS

BOSK was redeemed; Ford’s requirement to contribute up to $6.6bn in capital to BOSK shane.steinlauf@bofa.com

over a five-year period ending in ‘26 was terminated; Ford Energy Battery LLC acquired

from BOSK all of BOSK’s interests in the two battery plants located in Kentucky, subject

to existing liens in favor of U.S. Department of Energy (DOE); Ford assumed from BOSK