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INDUSTRIALS Archives | Page 161 of 295 | Smartkarma

Aug 28
0

Daily Brief Industrials: CIMC Enric Holdings, Sinotrans, Keihin, Alight Inc, Hainan Meilan International Airport and more

By | Daily Briefs, Industrials

In today’s briefing:

  • CIMC Enric (3899 HK): Demonstrating Sustained Resilience
  • Sinotrans (598 HK): Challenges Have Not Abated Yet
  • The Keihin Co (TYO 9312) – A Consistently Profitable and Growing Small Cap Logistics Company
  • Alight at the End of the Tunnel
  • Meilan Airport (357 HK): Not Out of the Woods Yet

CIMC Enric (3899 HK): Demonstrating Sustained Resilience

By Osbert Tang, CFA

  • We like the 17.7% core earnings growth for CIMC Enric Holdings (3899 HK) as this has demonstrated its operating strengths under a challenging environment in 1H23. 
  • With orders on hand of Rmb20.6bn (+18.8% YoY), we see forward earnings well-covered. Also, management has turned even more positive on earnings and margin outlook in 2H23. 
  • The hydrogen energy business maintains solid momentum with order backlog surging 116.9%. The spin-off of CIMC Safeway Technologies on the ChiNext Board is a near-term catalyst.

Sinotrans (598 HK): Challenges Have Not Abated Yet

By Osbert Tang, CFA

  • The 1H23 result of Sinotrans (598 HK) is unexciting as recurring profit contracted 9.8%. The decline has also accelerated to 13.5% in 2Q23, from just 4.6% in 1Q23. 
  • Weak export (-14.5% YoY in Jul) and poor airfreight price (-45% YoY in Jul) did not bode well for profitability. The flattening of DHL-Sinotrans’ contribution also limits earnings upside.
  • Valuations are inexpensive at 5.3x PER and 9% yield for FY23, but growth outlook is not encouraging. We think it is a good time to take money off the table.

The Keihin Co (TYO 9312) – A Consistently Profitable and Growing Small Cap Logistics Company

By Altay Capital

  • The Keihin Co is a ¥10.94B ($74.7m) market cap logistics company in Japan that owns and operates warehouses and distribution facilities mostly in and around Tokyo.

  • They’ve been profitable for 19 of the last 20 years and have compounded tangible book value at 6.5% over the last decade while growing profits.

  • Stock has gone nowhere over the last decade despite compounding tangible book value and net income at a respectable clip.

Alight at the End of the Tunnel

By subSPAC

  • Two years ago, when SPACs were the talk of the town, Alight, a firm specializing in cloud-based HR and benefits services, took the plunge.
  • With a $7.3 billion merger supported by Bill Foley, they went public right in the midst of the SPAC craze.
  • Fast forward to today, the business climate is quite different.

Meilan Airport (357 HK): Not Out of the Woods Yet

By Eric Chen

  • 1H23 results missed our expectation because stronger-than-expected revenue was outweighed by surge in operating costs as company took from its parent the overall operation of Phase I and II.
  • We expect slow recovery in duty-free sales and elevated cost base will continue pressuring its bottom line in 2H23 and see possibility to return to profitability by 1H24.
  • While recent share price correction has priced in the weak outlook somehow, we can’t rule out further volatility post results. We are now neutral on the stock.

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Aug 27
0

Daily Brief Industrials: Stanley Black & Decker and more

By | Daily Briefs, Industrials

In today’s briefing:

  • Stanley Black & Decker Inc.: Breaking Down the Reasons Behind Their Revenue Surge! – Major Drivers

Stanley Black & Decker Inc.: Breaking Down the Reasons Behind Their Revenue Surge! – Major Drivers

By Baptista Research

  • Stanley Black & Decker exceeded analyst expectations in terms of revenue and earnings.
  • Second-quarter revenue decreased from the previous year due to reduced consumer outdoor and DIY volume.
  • Global automotive and aerospace continue to show momentum across Stanley Black & Decker’s industrial end sectors.

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Aug 27
0

Daily Brief Industrials: Stanley Black & Decker and more

By | Daily Briefs, Industrials

In today’s briefing:

  • Stanley Black & Decker Inc.: Breaking Down the Reasons Behind Their Revenue Surge! – Major Drivers

Stanley Black & Decker Inc.: Breaking Down the Reasons Behind Their Revenue Surge! – Major Drivers

By Baptista Research

  • Stanley Black & Decker exceeded analyst expectations in terms of revenue and earnings.
  • Second-quarter revenue decreased from the previous year due to reduced consumer outdoor and DIY volume.
  • Global automotive and aerospace continue to show momentum across Stanley Black & Decker’s industrial end sectors.

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Aug 26
0

Daily Brief Industrials: Grab Holdings , Happy Forgings Limited, Rockwell Automation and more

By | Daily Briefs, Industrials

In today’s briefing:

  • Grab Holdings (GRAB US) – Growth with Scale from a Stable Platform
  • Happy Forgings Limited Pre-IPO Tearsheet
  • Grab: Profitability Seems Not So Easy to Sustain
  • Rockwell Automation Inc.: Decoding High Teens Growth in Semiconductor Sales and Beyond! – Major Drivers

Grab Holdings (GRAB US) – Growth with Scale from a Stable Platform

By Angus Mackintosh

  • Grab Holdings (GRAB US) released another set of positive results but this time the balance between profitability and growth was well-struck, as it reduced incentives yet increased its market share. 
  • Grab saw GMV growth in both deliveries more notably in mobility, with revenues growing at a faster pace and adjusted EBITDA surprising on the upside, bringing forward breakeven to 3Q2023. 
  • Prospects for 2H2023 look even better with Grab’s affordability initiatives gaining traction and improving retention and profitability.

Happy Forgings Limited Pre-IPO Tearsheet

By Clarence Chu

  • Happy Forgings Limited (6596652Z IN) is looking to raise around US$160m in its upcoming India IPO.
  • Happy Forgings Limited (HF) is a manufacturer of complex and safety critical, heavy forged and high precision machines components in India.
  • As per the Ricardo Report, the firm is the fourth largest firm domestically in terms of FY23 forging capacity. 

Grab: Profitability Seems Not So Easy to Sustain

By Shifara Samsudeen, ACMA, CGMA

  • Grab’s share price moved up by about 10% following its 2Q2023 earnings announcement as the market got excited over the company’s prospect of reaching profits in the next few quarters.
  • Mobility GMV is nearing pre-Covid levels, however, there has been a sharp increase in incentive spending during 2Q2023 suggesting incentives is a key driver of GMV growth.
  • Our analysis on deliveries biz suggests that segment’s margins have very little room for improvement and further reducing incentives could stall growth going forward.  

Rockwell Automation Inc.: Decoding High Teens Growth in Semiconductor Sales and Beyond! – Major Drivers

By Baptista Research

  • Rockwell Automation’s results were a major disappointment as the company failed to meet the revenue expectations as well as the earnings expectations of Wall Street.
  • This quarter, the company saw a double-digit increase in both sales and earnings as component shortages eased.
  • In this report, we have carried out a fundamental analysis of the historical financial statements of the company.

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Aug 26
0

Daily Brief Industrials: Grab Holdings , Happy Forgings Limited, Rockwell Automation and more

By | Daily Briefs, Industrials

In today’s briefing:

  • Grab Holdings (GRAB US) – Growth with Scale from a Stable Platform
  • Happy Forgings Limited Pre-IPO Tearsheet
  • Grab: Profitability Seems Not So Easy to Sustain
  • Rockwell Automation Inc.: Decoding High Teens Growth in Semiconductor Sales and Beyond! – Major Drivers

Grab Holdings (GRAB US) – Growth with Scale from a Stable Platform

By Angus Mackintosh

  • Grab Holdings (GRAB US) released another set of positive results but this time the balance between profitability and growth was well-struck, as it reduced incentives yet increased its market share. 
  • Grab saw GMV growth in both deliveries more notably in mobility, with revenues growing at a faster pace and adjusted EBITDA surprising on the upside, bringing forward breakeven to 3Q2023. 
  • Prospects for 2H2023 look even better with Grab’s affordability initiatives gaining traction and improving retention and profitability.

Happy Forgings Limited Pre-IPO Tearsheet

By Clarence Chu

  • Happy Forgings Limited (6596652Z IN) is looking to raise around US$160m in its upcoming India IPO.
  • Happy Forgings Limited (HF) is a manufacturer of complex and safety critical, heavy forged and high precision machines components in India.
  • As per the Ricardo Report, the firm is the fourth largest firm domestically in terms of FY23 forging capacity. 

Grab: Profitability Seems Not So Easy to Sustain

By Shifara Samsudeen, ACMA, CGMA

  • Grab’s share price moved up by about 10% following its 2Q2023 earnings announcement as the market got excited over the company’s prospect of reaching profits in the next few quarters.
  • Mobility GMV is nearing pre-Covid levels, however, there has been a sharp increase in incentive spending during 2Q2023 suggesting incentives is a key driver of GMV growth.
  • Our analysis on deliveries biz suggests that segment’s margins have very little room for improvement and further reducing incentives could stall growth going forward.  

Rockwell Automation Inc.: Decoding High Teens Growth in Semiconductor Sales and Beyond! – Major Drivers

By Baptista Research

  • Rockwell Automation’s results were a major disappointment as the company failed to meet the revenue expectations as well as the earnings expectations of Wall Street.
  • This quarter, the company saw a double-digit increase in both sales and earnings as component shortages eased.
  • In this report, we have carried out a fundamental analysis of the historical financial statements of the company.

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Aug 25
0

Daily Brief Industrials: Hanwha Ocean, Polycab India , Vishnu Prakash R Punglia , Daikin Industries, JSW Infrastructure, APM Human Services Internation, Republic Services, Illinois Tool Works and more

By | Daily Briefs, Industrials

In today’s briefing:

  • Hanwha Ocean: Big Shares Dilution from Rights Offering of 2 Trillion Won
  • India Industrials | Quarterly Update – ABB India, Siemens, Polycab and Havells
  • Vishnu Prakash R Punglia Ltd IPO- Forensic Analysis
  • Daikin (6367) | Cooling on Heat Pumps
  • JSW Infra Pre-IPO – The Negatives – Fees Rose Quicker than Escalations. High Related Party Dealings
  • APM Human Services IPO Lock-Up – US$400m of Shares Come Free but First PE Needs to Clear Out
  • Republic Services Inc.: Advancement of Sustainable Packaging Solutions & Other Drivers
  • Illinois Tool Works Inc.: 4 Success Strategies Behind Their Recent Performance! – Financial Forecasts

Hanwha Ocean: Big Shares Dilution from Rights Offering of 2 Trillion Won

By Douglas Kim

  • After the market close on 23 August, Hanwha Ocean (042660 KS) confirmed that it will conduct a massive rights offering of 2 trillion won.
  • The expected rights offering price is 22,350 won, which is 36% discount to current price. 
  • We believe this rights offering is likely to dilute the existing shareholders and negatively impact Hanwha Ocean’s share price.

India Industrials | Quarterly Update – ABB India, Siemens, Polycab and Havells

By Pranav Bhavsar

Vishnu Prakash R Punglia Ltd IPO- Forensic Analysis

By Nitin Mangal

  • Vishnu Prakash R Punglia (1636911D IN) IPO has opened for subscription.
  • The company operates in the EPC space with a prominence in Water Supply Projects and a strong geographic presence in Rajasthan.
  • The financials of the company should be looked at carefully, especially given the fact that margins are boosted by inventory, and there are plenty of RPT with the promoters.

Daikin (6367) | Cooling on Heat Pumps

By Mark Chadwick

  • Daikin’s air conditioning business continues to benefit from the secular trends of urbanization, climate change, and rising incomes.  
  • However, the same logic might not apply to heat pumps, which face far more “structural” issues, warranting a lower valuation.
  • Overall, we believe that Daikin deserves to trade at its historical multiple of 15x EV/EBIT and see 20% downside from here.

JSW Infra Pre-IPO – The Negatives – Fees Rose Quicker than Escalations. High Related Party Dealings

By Clarence Chu

  • JSW Infrastructure (5978490Z IN) is looking to raise around US$340m in its upcoming India IPO.
  • JSW Infrastructure (JSWI) is the fastest growing port-related infrastructure company in terms of growth in installed cargo handling capacity and cargo volumes handled during FY20 to FY22, according to CRISIL. 
  • In this note, we will talk about the not so positive aspects of the deal.

APM Human Services IPO Lock-Up – US$400m of Shares Come Free but First PE Needs to Clear Out

By Sumeet Singh

  • APM Human Services (APM AU) raised about US$730m by selling a mix of primary and secondary shares in Nov 21. The second IPO linked lockup is set to expire next week.
  • APM is an international human services provider, it runs 800 sites spanning 10 countries with its largest market being Australia.
  • In this note, we will talk about the lock-up dynamics and updates since our last note.

Republic Services Inc.: Advancement of Sustainable Packaging Solutions & Other Drivers

By Baptista Research

  • Republic Services exceeded analyst expectations in revenue and earnings.
  • The company is improving profitability while successfully expanding its business both organically and through acquisitions.
  • The company produced a revenue increase of 9% throughout the quarter, including more than 4% via acquisitions.

Illinois Tool Works Inc.: 4 Success Strategies Behind Their Recent Performance! – Financial Forecasts

By Baptista Research

  • Illinois Tool Works delivered mixed results for the quarter, with revenues below the analyst consensus.
  • The expansion of operating margins indicates the company has adapted well to changing market dynamics.
  • While some factors impacted revenues, the stable underlying demand across various industrial end markets reflects the company’s resilience.

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Aug 25
0

Daily Brief Industrials: Hanwha Ocean, Polycab India , Vishnu Prakash R Punglia , Daikin Industries, JSW Infrastructure, APM Human Services Internation, Republic Services, Illinois Tool Works and more

By | Daily Briefs, Industrials

In today’s briefing:

  • Hanwha Ocean: Big Shares Dilution from Rights Offering of 2 Trillion Won
  • India Industrials | Quarterly Update – ABB India, Siemens, Polycab and Havells
  • Vishnu Prakash R Punglia Ltd IPO- Forensic Analysis
  • Daikin (6367) | Cooling on Heat Pumps
  • JSW Infra Pre-IPO – The Negatives – Fees Rose Quicker than Escalations. High Related Party Dealings
  • APM Human Services IPO Lock-Up – US$400m of Shares Come Free but First PE Needs to Clear Out
  • Republic Services Inc.: Advancement of Sustainable Packaging Solutions & Other Drivers
  • Illinois Tool Works Inc.: 4 Success Strategies Behind Their Recent Performance! – Financial Forecasts

Hanwha Ocean: Big Shares Dilution from Rights Offering of 2 Trillion Won

By Douglas Kim

  • After the market close on 23 August, Hanwha Ocean (042660 KS) confirmed that it will conduct a massive rights offering of 2 trillion won.
  • The expected rights offering price is 22,350 won, which is 36% discount to current price. 
  • We believe this rights offering is likely to dilute the existing shareholders and negatively impact Hanwha Ocean’s share price.

India Industrials | Quarterly Update – ABB India, Siemens, Polycab and Havells

By Pranav Bhavsar

Vishnu Prakash R Punglia Ltd IPO- Forensic Analysis

By Nitin Mangal

  • Vishnu Prakash R Punglia (1636911D IN) IPO has opened for subscription.
  • The company operates in the EPC space with a prominence in Water Supply Projects and a strong geographic presence in Rajasthan.
  • The financials of the company should be looked at carefully, especially given the fact that margins are boosted by inventory, and there are plenty of RPT with the promoters.

Daikin (6367) | Cooling on Heat Pumps

By Mark Chadwick

  • Daikin’s air conditioning business continues to benefit from the secular trends of urbanization, climate change, and rising incomes.  
  • However, the same logic might not apply to heat pumps, which face far more “structural” issues, warranting a lower valuation.
  • Overall, we believe that Daikin deserves to trade at its historical multiple of 15x EV/EBIT and see 20% downside from here.

JSW Infra Pre-IPO – The Negatives – Fees Rose Quicker than Escalations. High Related Party Dealings

By Clarence Chu

  • JSW Infrastructure (5978490Z IN) is looking to raise around US$340m in its upcoming India IPO.
  • JSW Infrastructure (JSWI) is the fastest growing port-related infrastructure company in terms of growth in installed cargo handling capacity and cargo volumes handled during FY20 to FY22, according to CRISIL. 
  • In this note, we will talk about the not so positive aspects of the deal.

APM Human Services IPO Lock-Up – US$400m of Shares Come Free but First PE Needs to Clear Out

By Sumeet Singh

  • APM Human Services (APM AU) raised about US$730m by selling a mix of primary and secondary shares in Nov 21. The second IPO linked lockup is set to expire next week.
  • APM is an international human services provider, it runs 800 sites spanning 10 countries with its largest market being Australia.
  • In this note, we will talk about the lock-up dynamics and updates since our last note.

Republic Services Inc.: Advancement of Sustainable Packaging Solutions & Other Drivers

By Baptista Research

  • Republic Services exceeded analyst expectations in revenue and earnings.
  • The company is improving profitability while successfully expanding its business both organically and through acquisitions.
  • The company produced a revenue increase of 9% throughout the quarter, including more than 4% via acquisitions.

Illinois Tool Works Inc.: 4 Success Strategies Behind Their Recent Performance! – Financial Forecasts

By Baptista Research

  • Illinois Tool Works delivered mixed results for the quarter, with revenues below the analyst consensus.
  • The expansion of operating margins indicates the company has adapted well to changing market dynamics.
  • While some factors impacted revenues, the stable underlying demand across various industrial end markets reflects the company’s resilience.

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Aug 24
0

Daily Brief Industrials: TVS Supply Chain Solutions, Hanwha Ocean, S.F. Holding, JSW Infrastructure, Tecnoglass and more

By | Daily Briefs, Industrials

In today’s briefing:

  • TVS Supply Chain Solutions IPO Trading – Offered at a Premium with Underwhelming Subscription Rates
  • Korea – Positioning in Ecopro, JYP Entertainment, Hanwha Ocean, Hanmi Semi, CJ Corp, E-Mart
  • S.F. Holding H Share Listing: The Investment Case
  • JSW Infra Pre-IPO – The Positives – Grown Its Concessions and Long-Term Contracts Provide Visibility
  • Tecnoglass: Massive Backlog Supported By Operational Efficiency

TVS Supply Chain Solutions IPO Trading – Offered at a Premium with Underwhelming Subscription Rates

By Ethan Aw

  • TVS Supply Chain Solutions (TVSSCS IN) raised around US$108m in its India IPO, after downsizing from an earlier reported float of up to US$500m.
  • TVS SCS is an Indian supply chain logistics solution provider which also has global capabilities and network across the value chain with cross deployment abilities, according to RedSeer. 
  • We have looked at various aspects of the deal in our previous notes. In this note, we talk about the demand and trading dynamics.

Korea – Positioning in Ecopro, JYP Entertainment, Hanwha Ocean, Hanmi Semi, CJ Corp, E-Mart

By Brian Freitas

S.F. Holding H Share Listing: The Investment Case

By Arun George

  • S.F. Holding (002352 CH), the largest Asian integrated logistics service provider, has filed for an H Share listing to raise US$2-3 billion, according to press reports.   
  • SF is the largest integrated logistics service player in China and Asia, and the fourth largest player globally, in terms of revenue in 2022, according to Frost & Sullivan.
  • The key elements of the investment case rest on the primary business’ improving fundamentals, margin trajectory, cash generation, modest leverage and undemanding PEG multiples.

JSW Infra Pre-IPO – The Positives – Grown Its Concessions and Long-Term Contracts Provide Visibility

By Clarence Chu

  • JSW Infrastructure (5978490Z IN) is looking to raise around US$340m in its upcoming India IPO.
  • JSW Infrastructure (JSWI) is the fastest growing port-related infrastructure company in terms of growth in installed cargo handling capacity and cargo volumes handled during FY20 to FY22, according to CRISIL. 
  • In this note, we will talk about the positive aspects of the deal.

Tecnoglass: Massive Backlog Supported By Operational Efficiency

By Pearl Gray Equity and Research

  • Tecnoglass Inc’s backlog of nearly $800 million, paired with a production capacity increase, might contribute to significant growth.
  • The company’s single-family offerings are gathering pace amid sound regional targeting by the firm.
  • A potential opportunity exists for expansion in Colombia, the firm says.

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Aug 24
0

Daily Brief Industrials: TVS Supply Chain Solutions, Hanwha Ocean, S.F. Holding, JSW Infrastructure, Tecnoglass and more

By | Daily Briefs, Industrials

In today’s briefing:

  • TVS Supply Chain Solutions IPO Trading – Offered at a Premium with Underwhelming Subscription Rates
  • Korea – Positioning in Ecopro, JYP Entertainment, Hanwha Ocean, Hanmi Semi, CJ Corp, E-Mart
  • S.F. Holding H Share Listing: The Investment Case
  • JSW Infra Pre-IPO – The Positives – Grown Its Concessions and Long-Term Contracts Provide Visibility
  • Tecnoglass: Massive Backlog Supported By Operational Efficiency

TVS Supply Chain Solutions IPO Trading – Offered at a Premium with Underwhelming Subscription Rates

By Ethan Aw

  • TVS Supply Chain Solutions (TVSSCS IN) raised around US$108m in its India IPO, after downsizing from an earlier reported float of up to US$500m.
  • TVS SCS is an Indian supply chain logistics solution provider which also has global capabilities and network across the value chain with cross deployment abilities, according to RedSeer. 
  • We have looked at various aspects of the deal in our previous notes. In this note, we talk about the demand and trading dynamics.

Korea – Positioning in Ecopro, JYP Entertainment, Hanwha Ocean, Hanmi Semi, CJ Corp, E-Mart

By Brian Freitas

S.F. Holding H Share Listing: The Investment Case

By Arun George

  • S.F. Holding (002352 CH), the largest Asian integrated logistics service provider, has filed for an H Share listing to raise US$2-3 billion, according to press reports.   
  • SF is the largest integrated logistics service player in China and Asia, and the fourth largest player globally, in terms of revenue in 2022, according to Frost & Sullivan.
  • The key elements of the investment case rest on the primary business’ improving fundamentals, margin trajectory, cash generation, modest leverage and undemanding PEG multiples.

JSW Infra Pre-IPO – The Positives – Grown Its Concessions and Long-Term Contracts Provide Visibility

By Clarence Chu

  • JSW Infrastructure (5978490Z IN) is looking to raise around US$340m in its upcoming India IPO.
  • JSW Infrastructure (JSWI) is the fastest growing port-related infrastructure company in terms of growth in installed cargo handling capacity and cargo volumes handled during FY20 to FY22, according to CRISIL. 
  • In this note, we will talk about the positive aspects of the deal.

Tecnoglass: Massive Backlog Supported By Operational Efficiency

By Pearl Gray Equity and Research

  • Tecnoglass Inc’s backlog of nearly $800 million, paired with a production capacity increase, might contribute to significant growth.
  • The company’s single-family offerings are gathering pace amid sound regional targeting by the firm.
  • A potential opportunity exists for expansion in Colombia, the firm says.

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Aug 23
0

Daily Brief Industrials: Hanwha Ocean, AP Moeller – Maersk A/S, Uber Technologies , Ingersoll Rand and more

By | Daily Briefs, Industrials

In today’s briefing:

  • Hanwha Ocean: Potential Capital Raise of Nearly 2 Trillion Won
  • Monthly Container Shipping Tracker | Rates Bottoming | Fuel Tailwind Easing? | (August 2023)
  • Uber Technologies Inc.: Breaking the Mold With New Strategies! – Major Drivers
  • Ingersoll Rand Inc.: Cracking The Code To Overcoming Global Supply Chain Hurdles! – Major Drivers

Hanwha Ocean: Potential Capital Raise of Nearly 2 Trillion Won

By Douglas Kim

  • Hanwha Ocean’s share price declined by 5% today, mainly due to local media reports about a potential capital raise of nearly 2 trillion won to 2.5 trillion won. 
  • Although the company has not officially announced a rights offering, we believe the probability of Hanwha Ocean announcing a major rights offering is relatively high in the next 3-6 months. 
  • We estimate this probability range is closer to about 60-70%. The company needs additional capital to improve its highly leveraged balance sheet and to make major investments. 

Monthly Container Shipping Tracker | Rates Bottoming | Fuel Tailwind Easing? | (August 2023)

By Daniel Hellberg

  • Our monthly index suggests that container rates have bottomed, with easier comps in H2
  • Lower fuel has been a tailwind for carriers for several months, but that could change
  • We still think the worst has passed for carriers, a few of which have performed well in ’23

Uber Technologies Inc.: Breaking the Mold With New Strategies! – Major Drivers

By Baptista Research

  • Uber Technologies delivered a mixed set of results in its most recent result, with revenues falling short of Wall Street expectations but above-par earnings.
  • However, it has faced its fair share of challenges in the competitive landscape and increasing complexity of marketplace management.
  • We give Uber Technologies a ‘Hold’ rating with a revised target price.

Ingersoll Rand Inc.: Cracking The Code To Overcoming Global Supply Chain Hurdles! – Major Drivers

By Baptista Research

  • Ingersoll Rand Inc. managed to exceed analyst expectations in terms of revenue and earnings.
  • Revenue and total company organic orders both saw a year-over-year increase.
  • While the PST segment margin grew by 240 basis points, the ITS segment margin increased by 200.

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