In today’s briefing:
- ATS Corporation: Strategic Acquisitions & Market Diversification Propelling Our ‘Outperform’ Rating! – Major Drivers
- What’s News in Amsterdam – 10 January (Heineken | NN Group | Havas | bpostgroup | Triodos Bank | Dutch housing market)
- Creek & River (4763 JP): Q3 FY02/25 flash update
- Generac Holdings Inc.: Innovation & Ecosystem Integration As A Critical Factor Driving Growth! – Major Drivers
- GFL Environmental Inc.: An Insight Into Its Capital Allocation
- Terex Faces Shifting Demand: Can Cost Control Keep Them Ahead of the Curve? – Major Drivers
ATS Corporation: Strategic Acquisitions & Market Diversification Propelling Our ‘Outperform’ Rating! – Major Drivers
- ATS Corporation’s recent earnings report for the second quarter of fiscal 2025 reflects a mixed performance with both strategic advancements and operational challenges.
- The company reported order bookings of $742 million, remaining flat year-over-year as growth in Life Sciences was offset by a decrease in Electric Vehicle (EV) bookings.
- This decline was anticipated as ATS realigned its focus to reduce the prominence of the Transportation sector within its portfolio.
What’s News in Amsterdam – 10 January (Heineken | NN Group | Havas | bpostgroup | Triodos Bank | Dutch housing market)
- In today’s edition: • Heineken | stops selling beer in the Indian state of Telangana • NN Group | completes sale of its Turkish operations • Havas | ups FY24 guidance • bpostgroup | bpost offers packaging and label-free (L2L) shipping • Triodos Bank | offers a package of measures to its depository receipts (“DR”) holders • Dutch housing market | more homes sold in FY24; average transaction price up 11.5% YoY
Creek & River (4763 JP): Q3 FY02/25 flash update
- Sales increased by JPY274mn (+0.7% YoY), driven by Creative (Japan) and Other sectors, while operating profit decreased by JPY496mn (-14.2% YoY).
- Revised full-year FY02/25 forecast projects revenue of JPY50.5bn (+1.4% YoY) and operating profit of JPY3.9bn (-6.2% YoY).
- Reduction in projects from major game publishers and structural reforms in Medical Staffing segment decreased operating profit by JPY950mn.
Generac Holdings Inc.: Innovation & Ecosystem Integration As A Critical Factor Driving Growth! – Major Drivers
- Generac Holdings Inc. reported third-quarter 2024 results, reflecting robust overall performance amidst increased demand due to power outages.
- The company experienced a substantial rise in sales and profits, primarily driven by strong demand for residential products such as home standby and portable generators.
- Third quarter net sales increased by approximately 10% year-over-year, reaching $1.2 billion, largely due to heightened power outage activity from hurricanes, which also prompted a raised outlook for the year.
GFL Environmental Inc.: An Insight Into Its Capital Allocation
- GFL Environmental’s recent earnings call discussed its third-quarter 2024 results, highlighting both the strengths and challenges faced by the company.
- During the period, GFL achieved significant financial performance, with a nearly 20% increase in adjusted EBITDA and a record-high adjusted EBITDA margin of 31.1%, showcasing a continuous improvement attributed to effective pricing strategies, superior operational efficiency, and strategic business realignments.
- Baptista Research looks to evaluate the different factors that could influence the company’s price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.
Terex Faces Shifting Demand: Can Cost Control Keep Them Ahead of the Curve? – Major Drivers
- Terex Corporation’s third-quarter 2024 earnings call provides insights into the company’s performance, recent strategic moves, and expectations going forward.
- The earnings report highlights several critical factors for potential investors to consider.
- On the positive side, Terex made significant progress by acquiring the Environmental Solutions Group (ESG) from Dover Corporation.
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