Industrials Conference 2026 - EEMI Prep Pack

Research evidence excerpt

Industrials Conference 2026 - EEMI Prep Pack

Equity Research

Multi Company Update — June 5, 2026

Electrical Equipment & Multi-Industry

Our Call Joseph O'Dea

We're excited for our Industrials conference in Chicago next week, which will be the Equity Analyst | Wells Fargo Securities, LLC

Joseph.Odea@wellsfargo.com | 212-214-5993

biggest that Wells has hosted. In advance, we've included company questions, breakdown

Zachary Schechtmansnapshots and helpful tracker links below.

Equity Analyst | Wells Fargo Securities, LLC

Zachary.Schechtman@wellsfargo.com | 212-214-8014

Multis line up: From our coverage, we'll host meetings and fireside discussions with MMM Judah Esses

(CEO/CFO), ALLE (CEO), CARR (CEO), CTRI (CEO/CFO), DOV (CFO), HUBB (CEO), IR Associate Equity Analyst | Wells Fargo Securities, LLC

(CFO), ROK (SVP, S&C), SPXC (CEO/CFO). Judah.E.Esses@wellsfargo.com

Conversations will span cyclical and thematic:

Short cycle: Pre-buy / stocking was an unknown coming out of a stronger than expected

Q1, and potentially driven by ME war uncertainty. So far, US short-cycle demand trends

remain strong. We'll look for color from MMM, DOV, IR and ROK.

Resi HVAC: As temps heat up and we get into cooling season, there will be a lot of focus

on CARR demand trends, as well recent tariff developments.

Data center: Exposure varies across the group, but most focus will be on thermal

management and power, with insights from CARR, CTRI, HUBB and SPXC.

Nonres: Any non-data center Nonres seems to be non-loved. We'll look for color on labor

constraints and rising rate overhangs, and whether institutional and some industrial

markets can power through the current challenged backdrop, with focus on ALLE, CARR,

HUBB and SPXC.