Smartkarma Daily Briefs

• Vulcan Materials Company is a well-known producer, distributor, and seller of construction materials.
• The company did continue its reliable cash generation and careful capital deployment and its free cash flow conversion has been above 90% on average over the last four years.
• Baptista Research looks to evaluate the different credit strengths and credit risks of the company as well as a line-by-line analysis of the financial statements of the company for the past four years.

• Discovery is a major global media company that is going through a turbulent phase.
• In terms of direct-to-consumer, they are successfully moving towards their objective of realizing profitability in streaming, a significant and potent part of their business.
• Baptista Research looks to evaluate the different credit strengths and credit risks of the company as well as a line-by-line analysis of the financial statements of the company for the past four years.

Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.

• Sino-Ocean Service
• Vedanta Resources

• Generac Holdings is a major energy technology player with a reasonable amount of debt on its balance sheet and showing ongoing growth in its commercial and industrial product categories.
• Its weaker residential product sales have been a point of concern for the management.
• Sales of C&I products have climbed significantly, with strong core sales growth across all domestic channels and all overseas areas.

• DISH Network Corporation is a leading provider of television entertainment and technology.
• DISH’s wireless and broadband networks, as well as DISH and Sling services, are still up and running and functioning regularly.
• DISH Network further launched Samsung-supported sites for the DISH Wireless 5G network, kicking off Samsung’s participation in the operator’s nationwide rollout.

• FMC Corporation is a major agricultural sciences player in the U.S.
• The company has been witnessing high volume growth and its aggressive pricing has helped build a strong financial position.
• Agricultural markets remain strong with high commodity prices, expanding cropland, and optimistic grower sentiment.

• O’Reilly Automotive, Inc is one of the largest retailers of automobile aftermarket parts in the U.S.
• The company has consistently reported strong sales volumes and the management claims that the core fundamental demand drivers are still strong, which supports the health of the automotive aftermarket.
• DIY and professional businesses have showed strength across 2022 and their high average ticket increase contributed to the improved performance in their DIY division, which accelerated on a 1, 2, and 3-year comparable store sales growth basis.

• Parker-Hannifin Corporation is among the market leader in motion and control technologies across the globe.
• Parker-Hannifin has also benefited from a positive net impact of the aircraft Wheel and Brake sale and the Meggitt acquisition.
• Baptista Research looks to evaluate the different credit strengths and credit risks of the company as well as a line-by-line analysis of the financial statements of the company for the past four years.

• Rockwell Automation is a major provider of digital transformation and industrial automation solutions across the world.
• Its backlog orders continue to increased sequentially with order cancellation rates staying in the low single digits as per recent results.
• Baptista Research looks to evaluate the different credit strengths and credit risks of the company as well as a line-by-line analysis of the financial statements of the company for the past four years.

• WestRock Company is one of the largest providers of fiber-based paper and packaging solutions across the globe.
• The company has been on the receiving end of strong economic volatility and this has affected its financial performance in 2022.
• Baptista Research looks to evaluate the different credit strengths and credit risks of the company as well as a line-by-line analysis of the financial statements of the company for the past four years.