credit / rates affecting interest expense
“The increase in interest expense, net was primarily driven by higher debt resulting from debt that was issued in 2024 for the acquisition of Purcell in the first quarter of 2025.”
CDNL 10-K
Confirmed
Industrial Infrastructure Services
32 names are moving together; 34% are participating in the current session.
Co-movement
Observed intraday paths are not available for this group yet.
Members
| TICKER | Company | Sector | Today | Observed activity |
|---|---|---|---|---|
| BWA | BorgWarner Inc. | Consumer Cyclical | +0.7% | Group member |
| MFG | Mizuho Financial Group, Inc. Sp | Financial Services | +0.8% | Group member |
| MGA | Magna International, Inc. | Consumer Cyclical | +0.8% | Group member |
| LUMN | Lumen Technologies, Inc. | Communication Services | -1.1% | Group member |
| ROG | Rogers Corporation | Technology | +2.1% | Group member |
| IESC | IES Holdings, Inc. | Industrials | +2.3% | Group member |
| LASR | nLIGHT, Inc. | Technology | +3.7% | Group member |
| MIR | Mirion Technologies, Inc. | Industrials | +0.4% | Group member |
| CDNL | Cardinal Infrastructure Group I | Industrials | +7.5% | Most structurally connected |
| GTX | Garrett Motion Inc. | Consumer Cyclical | +0.6% | Group member |
| MWH | SOLV Energy, Inc. | Utilities | +5.4% | Group member |
| HLIO | Helios Technologies, Inc. | Industrials | +1.8% | Group member |
| RRX | Regal Rexnord Corporation | Industrials | +1.3% | Group member |
| SVRA | Savara, Inc. | Healthcare | -1.1% | Group member |
| VMI | Valmont Industries, Inc. | Industrials | +0.3% | Group member |
| ALNT | Allient Inc. | Technology | +1.9% | Group member |
| FLR | Fluor Corporation | Industrials | +2.9% | Group member |
| VC | Visteon Corporation | Consumer Cyclical | +0.4% | Group member |
| AOSL | Alpha and Omega Semiconductor L | Technology | +0.4% | Group member |
| GRC | Gorman-Rupp Company (The) | Industrials | +1.7% | Group member |
| CTOS | Custom Truck One Source, Inc. | Industrials | -0.8% | Group member |
| MYRG | MYR Group, Inc. | Industrials | +1.7% | Group member |
| AGCO | AGCO Corporation | Industrials | +0.1% | Group member |
| TPC | Tutor Perini Corporation | Industrials | +4.0% | Group member |
Why we believe this
Cohort
32 namesParticipation
34% this sessionObserved history
1 daily buildsFiling coverage
27/32 membersdemand / volume affecting revenue
“Year Ended December 31, 2025 Year Ended December 31, 2024 Opening backlog $ 512,000,000 $ 401,000,000 Add: New awards and adjustments to existing contracts 624,000,000 426,000,000 Less: Revenue recognized on contracts in progress (454,000,000 ) (315,000,000 ) Ending backlog $ 682,000,000 $ 512,000,000 The increase in backlog was primarily due to new project awards, partially offset by revenue recognized on contracts in progress.”
CDNL 10-K
restructuring affecting expense
“Additionally, the increase in income from operations during 2025 was the result of decreases in restructuring and business optimization expenses and selling, general and administrative expenses (“SG&A expenses”) primarily related to lower compensation costs and transaction costs, partially offset by lower sales and production volumes reflecting weak industry conditions.”
AGCO 10-K
Industrial Infrastructure Services can stay leader-led if ROG and the next software names fail to join while CDNL keeps moving.
Connected, outside the group
No high-confidence filing-linked non-members are available for this group yet.
History
Historical cohort observations are not available yet.