U.S. Capital Goods Solid Balance Sheet and Fundamentals

Trane Technologies

Market Cap: US$99.5b

Designs, manufactures, sells, and services of solutions for heating, ventilation, air conditioning, and custom and transport refrigeration.

Lennox International

Market Cap: US$17.7b

Designs, manufactures, and markets products for the heating, ventilation, air conditioning, and refrigeration markets in the United States, Canada, and internationally.

EMCOR Group

Market Cap: US$30.3b

Provides electrical and mechanical construction and facilities, building, and industrial services in the United States and the United Kingdom.

Lincoln Electric Holdings

Market Cap: US$12.9b

Through its subsidiaries, designs, develops, manufactures, and sells welding, cutting, and brazing products in the United States and internationally.

Fastenal

Market Cap: US$47.2b

Engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, Mexico, and internationally.

Vertiv Holdings Co

Market Cap: US$73.7b

Designs, manufactures, and services critical digital infrastructure technologies and life cycle services for data centers, communication networks, and commercial and industrial environments in the Americas, the Asia Pacific, Europe, the Middle East, and Africa.

Ferguson Enterprises

Market Cap: US$48.7b

Operates as a distributor serving the water and air specialized professional in the United States and Canada.

Comfort Systems USA

Market Cap: US$34.0b

Provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States.

Armstrong World Industries

Market Cap: US$8.2b

Engages in the design, manufacture, and sale of ceiling and wall solutions in the Americas.

Blue Bird

Market Cap: US$1.6b

Designs, engineers, manufactures, and sells school buses in the United States, Canada, and internationally.

IES Holdings

Market Cap: US$7.8b

Designs and installs integrated electrical and technology systems, and provides infrastructure products and services in the United States.

AECOM

Market Cap: US$17.8b

Provides professional infrastructure consulting services for governments, businesses, and organizations worldwide.

Argan

Market Cap: US$4.2b

Through its subsidiaries, provides engineering, procurement, construction, commissioning, maintenance, project development, and technical consulting services to the power generation market in the United States, Republic of Ireland, and the United Kingdom.

Sterling Infrastructure

Market Cap: US$11.5b

Engages in the provision of e-infrastructure, transportation, and building solutions in the United States.

Cummins

Market Cap: US$60.3b

Offers various power solutions worldwide.

Carpenter Technology

Market Cap: US$15.7b

Engages in the manufacture, fabrication, and distribution of specialty metals in the United States, Europe, the Asia Pacific, Mexico, Canada, and internationally.

Nextracker

Market Cap: US$15.0b

Provides solar tracker technologies and solutions for utility-scale and distributed generation solar applications in the United States and internationally.

Global Industrial

Market Cap: US$1.1b

Through its subsidiaries, operates as an industrial distributor of various industrial and maintenance, repair, and operation (MRO) products in the United States and Canada.

Applied Industrial Technologies

Market Cap: US$9.7b

Distributes industrial motion, power, control, and automation technology solutions in the United States, Canada, Mexico, Australia, New Zealand, Singapore, and Costa Rica.

Hubbell

Market Cap: US$25.0b

Designs, manufactures, and sells electrical and utility solutions in the United States and internationally.

Powell Industries

Market Cap: US$4.6b

Designs, develops, manufactures, sells, and services custom-engineered equipment and systems.

Douglas Dynamics

Market Cap: US$696.5m

Operates as a manufacturer and upfitter of commercial work truck attachments and equipment in North America.

Flowserve

Market Cap: US$8.7b

Designs, manufactures, distributes, and services industrial flow management equipment in the United States, Canada, Mexico, Europe, the Middle East, Africa, and the Asia Pacific.

Fluor

Market Cap: US$7.9b

Provides engineering, procurement, and construction (EPC); fabrication and modularization; and project management services worldwide.

Limbach Holdings

Market Cap: US$1.1b

Operates as a building systems solution company in the United States.

Tecnoglass

Market Cap: US$2.8b

Manufactures, supplies, and installs architectural glass, windows, and associated aluminum and vinyl products for commercial and residential construction markets in Colombia, the United States, Panama, and internationally.

Mueller Industries

Market Cap: US$11.8b

Manufactures and sells copper, brass, and aluminum products in the United States, the United Kingdom, Canada, Asia and the Middle East, and Mexico.

Optex Systems Holdings

Market Cap: US$118.7m

Manufactures and sells optical sighting systems and assemblies primarily for the U.S.

Everus Construction Group

Market Cap: US$4.6b

Provides contracting services in the United States.

Enerpac Tool Group

Market Cap: US$2.2b

Manufactures and sells a range of industrial products and solutions in the United States, the United Kingdom, Germany, Australia, Canada, China, Saudi Arabia, Brazil, France, the Netherlands, and internationally.

Karat Packaging

Market Cap: US$482.6m

Engages in the manufacture and distribution of single-use disposable products in plastic, paper, biopolymer-based, and other compostable forms used in various restaurant and foodservice settings.

Byrna Technologies

Market Cap: US$460.2m

A less-lethal self-defense technology company, develops, manufactures, and sells less-lethal personal security solutions in the United States, South Africa, Europe, South America, Asia, and Canada.

Power Solutions International

Market Cap: US$2.0b

Designs, engineers, manufactures, markets, and sells engines and power systems in the United States, North America, the Pacific Rim, Europe, and internationally.

Innovative Aerosystems

Market Cap: US$165.8m

Engages in the engineering, manufacturing, and supply of advanced avionic solutions.