CAT
Farm & Heavy Construction Machinery · Industrials
Analyst
Jefferies
Equibles does not estimate personal net worth.
Stephen Volkmann is recorded as Analyst at Jefferies. Stephen Volkmann has spoken on 22 earnings calls across 12 companies, most recently for Caterpillar Inc on October 29, 2026. Those appearances were for Caterpillar Inc (CAT), Ingersoll Rand Inc. (IR), Illinois Tool Works Inc (ITW), Terex Corp (TEX), Fastenal Co (FAST) and 7 other companies. The companies whose calls Stephen Volkmann spoke on are classified in the Industrials sector.
“Joe, I'm just wondering any update on the 10-megawatt MAC restart that you're doing and how we should think about that kind of ramping going forward?”
“Just a couple of quick follow-ups from me, Simon, on that last point. How do we think about the sort of quarterly cadence of the utilities ramp-up? I'm sorry if I missed this, but I'm trying to think about when exactly these headwinds to margin go away.”
“So I was going to ask you if we could dive into access a little bit, and I'm trying to think about the two margin drivers that you talked about, the mix and the price cost.”
“Can I just continue on that thread, if possible, here? The engine incrementals this year are sort of low teens, I guess, if I'm doing my math right. Mark, you talked about some of your spending on new platforms rolling off as we go forward, but I assume warranty tends to be higher when you launch these new platforms.”
“Most of it's been answered, but I guess I'm curious, we're approaching the two-year anniversary of ILC Dover now. Is there anything qualitative you can say around how that asset specifically is performing relative to the segment, maybe in terms of venerable growth or margin?”
Jefferies
Analyst
Source not stated
CAT
Farm & Heavy Construction Machinery · Industrials
Specialty Industrial Machinery · Industrials
Specialty Industrial Machinery · Industrials
TEX
Farm & Heavy Construction Machinery · Industrials
FAST
Industrial Distribution · Industrials
OSK
Farm & Heavy Construction Machinery · Industrials
CMI
Specialty Industrial Machinery · Industrials
Building Products & Equipment · Industrials
WSO
Industrial Distribution · Industrials
Industrial Distribution · Industrials
TKR
Tools & Accessories · Industrials
CARR
Building Products & Equipment · Industrials