In today’s briefing:
- Nidec Launches on Makino Milling (6135) – Others Presumably Wait In the Wings
- Mitsubishi Logisnext (7105) – Worth Buying The Dip On Likely Sale
- Pace Digitek Ltd Pre-IPO Tearsheet
- Griffon Corporation: What Is Their Global Sourcing & Tariff Playbook That Could Help Them Stay Ahead of The Competition?
- SiteOne Landscape Supply Ignites Growth With Aggressive Acquisition Spree in Key Markets!
- ATS Corporation Gears Up for Margin Breakthrough—Here’s How It’s Turning Transportation Woes Into Wins!
- Southwest Airlines Is Facing Turbulence: How Trump’s Tariffs Are Disrupting Its Turnaround Plan!
- Gibraltar Industries: Expansion & Modernization in AgTech Business to Safeguard Competitiveness…
- GMS Inc.: How Are They Dealing With Challenge of Declining Wallboard Volumes?
Nidec Launches on Makino Milling (6135) – Others Presumably Wait In the Wings
- Nidec Corp (6594 JP) bid ¥11,000 for Makino Milling Machine Co (6135 JP) in December, saying it expected to launch on 4-April. It launched its ¥11,000 bid on 4-April.
- A Nikkei article in March suggested Makino had found multiple competing bidders, some who had put in “legally binding bids.” No news on those yet, but we have a month.
- Earnings are 9-May. Strategy on timing for Makino differs according to its desired outcome. It has to opine on Nidec’s bid by about 18 April. Be long. Carry 🍿🍿🍿 .
Mitsubishi Logisnext (7105) – Worth Buying The Dip On Likely Sale
- There was a Nikkei article in December about the Mitsubishi Heavy Industries (7011 JP) selling its interests in Mitsubishi Logisnext Co., Ltd. (7105 JP).
- The stock popped. Then popped some more. It was not expensive yet, but no longer dirt cheap. Now the stock is falling as Trump Tariffs threaten to throttle exports.
- The reasons why this takeout price could be “high” are unchanged. Tariffs meant to drive US-manufacturing don’t reduce need for forklifts. Logisnext is not badly placed.
Pace Digitek Ltd Pre-IPO Tearsheet
- Pace Digitek Ltd (0180382D IN) (PDL) is planning to raise about US$105m through its upcoming India IPO. The lead bookrunner for the deal is Unistone.
- PDL provides multi-disciplinary solutions in telecom passive infrastructure, offering turnkey services across India, Myanmar, and Africa. Initially manufacturing passive equipment, it expanded into products, projects, O&M, and service solutions.
- PDL transitioned from manufacturing passive telecom equipment to providing multi-disciplinary solutions, including telecom, energy, and ICT products, services, and turnkey projects, with a focus on O&M, renewables, and infrastructure development.
Griffon Corporation: What Is Their Global Sourcing & Tariff Playbook That Could Help Them Stay Ahead of The Competition?
- Griffon Corporation’s fiscal first quarter of 2025 reveals a complex financial landscape, demonstrating both strengths and challenges.
- The company reported robust free cash flow of $143 million, indicating a strong start to the fiscal year.
- Griffon’s Home & Building Products (HBP) segment maintained revenue consistent with the previous year and achieved a 2% increase in EBITDA.
SiteOne Landscape Supply Ignites Growth With Aggressive Acquisition Spree in Key Markets!
- SiteOne Landscape Supply, Inc. reported its financial results for the fourth quarter and full year of 2024, highlighting both challenges and strategic advancements.
- The company concluded the year with a 6% increase in net sales, reaching $4.54 billion.
- However, the year saw a 1% decline in organic daily sales, counteracted by a 7% boost from acquisitions.
ATS Corporation Gears Up for Margin Breakthrough—Here’s How It’s Turning Transportation Woes Into Wins!
- ATS Corporation reported its third-quarter results for fiscal year 2025, showcasing several positive and negative aspects of performance.
- Positively, ATS experienced its second-highest bookings quarter in history, marking a 32% increase over the same quarter last year, driven by strong organic growth and acquisitions across various market verticals.
- This has resulted in a significant backlog of approximately $2.1 billion, which offers good visibility for future revenue streams.
Southwest Airlines Is Facing Turbulence: How Trump’s Tariffs Are Disrupting Its Turnaround Plan!
- The outlook for Southwest Airlines has become significantly murkier in recent weeks.
- The low-cost carrier, once renowned for its no-frills reliability and customer-friendly policies, is now in the midst of the most aggressive transformation in its 53-year history.
- From the sudden introduction of bag fees and basic economy to sweeping cost-cutting measures and a major executive reshuffling, Southwest is making a full pivot to stay competitive in a challenging environment.
Gibraltar Industries: Expansion & Modernization in AgTech Business to Safeguard Competitiveness…
- Gibraltar Industries, Inc. recently announced its financial results and performance for 2024, providing a detailed analysis of its various business segments and future outlook.
- The company’s results highlight both achievements and challenges, presenting a complex picture for potential investors.
- In the fourth quarter of 2024, Gibraltar’s net sales dropped by 7.9%, primarily due to issues in the renewables market.
GMS Inc.: How Are They Dealing With Challenge of Declining Wallboard Volumes?
- GMS Inc. demonstrated mixed performance in its fiscal third quarter of 2025 amidst challenging macroeconomic conditions.
- The company faced significant headwinds, which included deteriorating demand conditions, weather related disruptions, and tight lending environments, leading to project delays across its end markets.
- As a result, GMS reported net sales of $1.3 billion, roughly flat year-over-year, which consisted of a 6.7% organic sales decline despite the contributions from recent acquisitions.
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