In our view, 4Q:F25 marked a strong finish to F2025. Revenue of $114.6 million increased 3.4% from 4Q:F24 (we expected sales of $111.8 million). Adjusted EPS of $1.40 came in well ahead of our estimated EPS of $0.84. The company benefited from significant appreciation of the Mexican peso against the U.S. dollar. Initial guidance for 1Q:F26 came in better than expected, with management noting it expects “strong” financial results in F2026, even as the company continues to battle a challenging industry backdrop with tariffs being a key risk to demand and margins. Ahead of the 9am ET conference call (412 902-6768), we modestly lift our F2026 and F2027 EPS estimates to $3.72 and $4.02 respectively (from $3.65 and $4.00 previously). Our moderate risk rating factors in the company's earnings growth prospects, strong balance sheet, and healthy free cash flow.