Quarterly and Full-Year Revenue Growth
Q4 core growth of 5%; full-year organic sales grew nearly 4%, demonstrating overall revenue resilience across the portfolio.
Strong EPS and Profitability
Q4 adjusted EPS of $0.86 was at the high end of guidance and up 8% year over year; full-year EPS finished up 11% year over year.
Exceptional Free Cash Flow Generation
Generated over $460 million in adjusted free cash flow in 2025 (roughly 15% of annual sales); full-year adjusted free cash flow conversion of ~98%.
Share Repurchases and Balance Sheet Improvement
Deployed $125 million in buybacks in Q4 and $300 million for the year (representing >5% of shares outstanding); net leverage improved to 2.3x from 2.6x.
Environmental & Fueling Solutions (EFS) Momentum
EFS delivered above-market growth: full-year core growth of 6%; Q4 dispenser sales increased high single digits and environmental solutions grew low double digits; Q4 segment margins expanded ~90 basis points and full-year operating margin expanded ~40 basis points to end above 29%.
Mobility Technologies — Invenco Growth and Product Momentum
Invenco closed the year with nearly $650 million of revenue, up ~22% organically year over year; Mobility Tech core sales increased 8.5% in Q4 driven by new products (FlexPay 6, Vehicle Identification System, NFX Payment Server) and rollout of unified payment solutions.
Product Innovation and Strategic Wins
Launched indoor payment terminal sharing software across devices, advanced unified payment offering tied to NFX microservices, and secured a full unified payment agreement with a global c-store customer; DRB’s Patheon software drove DRB to high-single-digit growth in Q4.
Cost Savings and Margin Expansion Plan
Announced a simplification program expected to deliver $15 million of incremental in-year savings and guidance calling for ~80 basis points of adjusted operating margin expansion at the midpoint for 2026.
Guidance and Outlook
Full-year 2026 sales guidance of $3.1–$3.15 billion (midpoint ~3% core growth); adjusted EPS guidance $3.35–$3.50 (high-single-digit growth); adjusted free cash flow conversion expected ~95% (~15% of sales).