In today’s briefing:
- Aeropuertos Argentina 2000 – ESG Report – Lucror Analytics
- EVOCA – ESG Report – Lucror Analytics
- Equifax Inc: 4 Key Takeaways From The Recent Performance – Financial Forecasts
- United Airlines Holdings Inc: 4 Factors That Are Driving Growth – Financial Forecasts
- Danaher Corporation: What Is The Reason For Their Competitive Edge? – Key Drivers
- Millennium Services Group Ltd – Gross Margin Pressures Offset Slightly by Higher Revenue
- Dover Corporation: Recovery Plan & Cost Reduction Strategies Set to Reverse Their Fortunes? – Key Drivers
Aeropuertos Argentina 2000 – ESG Report – Lucror Analytics
- Lucror Analytics’ ESG Scores are based on a 3-tiered scale and are adjusted for Controversies (if applicable).
- We assess Aeropuertos Argentina 2000’s ESG as “Adequate”, in line with its Social, Environmental and Governance scores. Controversies are “Immaterial” and Disclosure is “Adequate”.
- Aeropuertos Argentina 2000 (AA2000) is Argentina’s largest airport operator. In 1998, it was granted a 30-year concession by the national government for the use, operation and management of 37 airports, out of a total of 56 in the country.
EVOCA – ESG Report – Lucror Analytics
- Lucror Analytics’ ESG Scores are based on a 3-tiered scale and are adjusted for Controversies (if applicable).
- We assess EVOCA’s ESG as “Adequate”. The company has “Adequate” Governance and Social scores, but a “Weak” Environmental score. Controversies are “Immaterial” and Disclosure is “Adequate”.
- EVOCA (formerly N&W Vending) is a manufacturer of professional coffee machines, as well as machines for hot & cold beverages and snacks.
Equifax Inc: 4 Key Takeaways From The Recent Performance – Financial Forecasts
- Equifax delivered a mixed result in the recent quarter, with revenues below market expectations but managed to surpass the analyst consensus regarding earnings.
- Last quarter, the company faced a challenge, particularly in the mortgage and hiring markets.
- While the U.S. mortgage market weakened, they delivered adjusted EPS and EBITDA margins above guidance.
United Airlines Holdings Inc: 4 Factors That Are Driving Growth – Financial Forecasts
- United Airlines delivered an all-around beat in the most recent quarterly result.
- The strategic initiatives, including aggressive pilot hiring, fleet expansion, and route optimization, have paid off and put United on a path toward delivering impressive earnings per share.
- We give United Airlines Holdings a ‘Buy’ rating with a revised target price.
Danaher Corporation: What Is The Reason For Their Competitive Edge? – Key Drivers
- Danaher managed to exceed the revenue and earnings expectations of Wall Street despite a more dynamic operating environment.
- Better-than-expected respiratory testing revenue and high single-digit base business core revenue growth in Life Sciences and Diagnostics helped counteract weaker base business demand in bioprocessing.
- Besides, broad-based strength throughout the Cepheid test portfolio drove another quarter of more than 30% core growth in non-respiratory testing in Molecular Diagnostics.
Millennium Services Group Ltd – Gross Margin Pressures Offset Slightly by Higher Revenue
- Millennium Services Group Ltd (ASX:MIL) has provided an update on Q4 FY23 revenue, cash flow from operating activities, and the H2 FY23 gross margin. MIL delivered 8.0% (RaaS 9.6%) revenue growth in Q4 FY23 and 2.0% over FY23 on the back of new contract wins and wage inflation. Q4 FY23 cash flow turned positive with the group ending FY23 with just $1.2m net debt.
- The H2 FY23 GP% came in below implied guidance and RaaS estimates at 14.4% against ~15.9% forecast, attributed to wage pressure in a tight labour market.
- While most contracts have an annual contract adjustment clause for wage increases, the timing and magnitude of recent award increases is proving difficult to manage.
Dover Corporation: Recovery Plan & Cost Reduction Strategies Set to Reverse Their Fortunes? – Key Drivers
- Dover delivered a disappointing set of results as the company was unable to meet the revenue expectations as well as earnings expectations of Wall Street.
- However, they faced operational challenges in their vehicle service group due to an ERP implementation, resulting in a loss of revenue and EPS.
- In this report, we have carried out a fundamental analysis of the historical financial statements of the company.
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