Slide 1: Second Quarter 2026 Earnings Presentation
Second Quarter 2026 Earnings Presentation Enabling Technology. Growing Sustainably.
Slide 2: Legal Notices
Legal Notices SAFE HARBOR Please note that in this presentation, we may discuss events or results that have not yet occurred or been realized, commonly referred to as forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statement
Slide 3: Second Quarter 2026 Financial Results
Second Quarter 2026 Financial Results Constant Currency* Organic* ($ in millions) Q2 2026 Q2 2025 YoY YoY YoY Net Sales $978 $625 56% 55% 15% Electronics 767 439 75% 74% 20% Specialties 211 186 14% 12% 3% Diluted EPS $0.32 $0.20 Adjusted EBITDA* $184 $136 35% 33% Net Sales ex-Metals 661 512 % margin
Slide 4: Second Quarter 2026 Segment Details
Second Quarter 2026 Segment Details Electronics Net Sales Organic Key Drivers ($ in millions) Growth* Increased volume of high reliability paste across electronics manufacturing and engineered Assembly $369 18% products for datacenter applications Circuitry $154 15% AI-related demand for high layer
Slide 5: Balance Sheet and Cash Flow Considerations
Balance Sheet and Cash Flow Considerations Key Cash Flow Items Balance Sheet Management ▪ Q2 2026 free cash flow* of $74 million ▪ Pro Forma Net debt to adjusted EBITDA ratio of 2.9x (including Micromax and EFC) on an LTM basis as of ◦ Modest working capital investment tied to sales growth, June 30,
Slide 6: Full Year 2026 Financial Guidance
Full Year 2026 Financial Guidance Updated as of July 2026 FY Adjusted EBITDA* $690 million to $710 million1 FY Adjusted EPS* ~20% YoY Growth ▪ Expect Q3 Adjusted EBITDA* of approximately $180 million Additional Considerations ▪ Continue to expect modest FX tailwind for FY2026 Expect strong momentum
Slide 7: Appendix
Appendix Enabling Technology. Growing Sustainably.
Slide 8: Reconciliation to Adjusted Share Count
Reconciliation to Adjusted Share Count (amounts in millions) Q2 2026 Q2 2025 Basic common shares outstanding 244 242 Number of shares issuable upon vesting of granted Equity Awards 1 4 2 Adjusted common shares outstanding 247 244 Note: Totals may not sum due to rounding 1. Equity awards with targets
Slide 9: Net Income Reconciliation to Adjusted EBITDA
Net Income Reconciliation to Adjusted EBITDA ($ millions) Q2 2026 Q2 2025 Net income $77 $48 Add (subtract): Income tax expense 30 16 Interest expense, net 24 13 Depreciation expense 15 10 Amortization expense 30 29 EBITDA 176 114 Adjustments to reconcile to Adjusted EBITDA: Inventory step-up 2 — Re
Slide 10: Net Income Reconciliation to Adjusted EPS
Net Income Reconciliation to Adjusted EPS ($ millions, except per share amounts) Q2 2026 Q2 2025 Net income $77 $48 Net income attributable to non-controlling interests — (0) Reversal of amortization expense 30 29 Adjustment to reverse incremental depreciation expense from acquisitions and facility
Slide 11: Net Debt to Adjusted EBITDA Ratio Reconciliation
Net Debt to Adjusted EBITDA Ratio Reconciliation on a Trailing Twelve Month Basis ($ millions) LTM Q2 YTD 2026 Q3 2025 Q4 2025 2026 Net income $133 $39 $6 $179 Add (subtract): Income tax expense 57 16 25 98 Interest expense, net 46 13 13 72 Depreciation expense 30 10 11 51 Amortization expense 58 29
Slide 12: Organic Net Sales Growth Reconciliation
Organic Net Sales Growth Reconciliation Three Months Ended June 30, 2026 Change in Pass- Reported Net Constant Organic Net Sales Impact of Currency Through Metals Acquisitions Sales Growth Currency Growth Pricing Electronics 75% (1)% 74% (24)% (29)% 20% Specialties 14% (2)% 12% —% (9)% 3% Total 56%
Slide 13: Free Cash Flow Reconciliation
Free Cash Flow Reconciliation ($ millions) Q2 2026 Q2 2025 Cash flows from operating activities $100 $73 Capital expenditures (28) (18) Proceeds from disposal of property, plant and equipment — 1 Adjustments 2 3 Free cash flow $74 $59 Note: Totals may not sum due to rounding 13
Slide 14: Non-GAAP Definitions
Non-GAAP Definitions Adjusted Earnings Per Share (EPS): Adjusted EPS is a key metric used by management to measure operating performance and trends as management believes the exclusion of certain expenses in calculating adjusted EPS facilitates operating performance comparisons on a period-to-period