Latest news with #ByronSmith
NZ Herald
3 days ago
- Sport
- NZ Herald
New Zealand should embrace cheese rolling and quirky sports
Somewhere between the Super Rugby semis, a Warriors injury crisis, back-to-back golf tournaments, and yet another F1 drive-around in circles, a small but mighty sporting headline quietly rolled past. Byron Smith, a great New Zealander as Sir Richard would say, just hurled himself down a near-vertical slope chasing a runaway
Yahoo
30-05-2025
- Business
- Yahoo
Q1 Earnings Roundup: Illinois Tool Works (NYSE:ITW) And The Rest Of The General Industrial Machinery Segment
Wrapping up Q1 earnings, we look at the numbers and key takeaways for the general industrial machinery stocks, including Illinois Tool Works (NYSE:ITW) and its peers. Automation that increases efficiency and connected equipment that collects analyzable data have been trending, creating new demand for general industrial machinery companies. Those who innovate and create digitized solutions can spur sales and speed up replacement cycles, but all general industrial machinery companies are still at the whim of economic cycles. Consumer spending and interest rates, for example, can greatly impact the industrial production that drives demand for these companies' offerings. The 15 general industrial machinery stocks we track reported a mixed Q1. As a group, revenues missed analysts' consensus estimates by 1.5% while next quarter's revenue guidance was 1.5% below. Thankfully, share prices of the companies have been resilient as they are up 5.1% on average since the latest earnings results. Founded by Byron Smith, an investor who held over 100 patents, Illinois Tool Works (NYSE:ITW) manufactures engineered components and specialized equipment for numerous industries. Illinois Tool Works reported revenues of $3.84 billion, down 3.4% year on year. This print was in line with analysts' expectations, but overall, it was a slower quarter for the company with a miss of analysts' adjusted operating income estimates. 'ITW commenced 2025 with solid execution, achieving financial results ahead of plan expectations as we continued to outperform underlying end markets,' said Christopher A. O'Herlihy, President and Chief Executive Officer. The stock is up 1.6% since reporting and currently trades at $245.73. Read our full report on Illinois Tool Works here, it's free. With its magnesium alloys used in the construction of the famous Spirit of St. Louis aircraft, Luxfer (NYSE:LXFR) offers specialized materials, components, and gas containment devices to various industries. Luxfer reported revenues of $97 million, up 8.5% year on year, outperforming analysts' expectations by 11.9%. The business had an incredible quarter with an impressive beat of analysts' EPS estimates and a solid beat of analysts' EBITDA estimates. Luxfer achieved the biggest analyst estimates beat among its peers. The market seems happy with the results as the stock is up 12.6% since reporting. It currently trades at $11.25. Is now the time to buy Luxfer? Access our full analysis of the earnings results here, it's free. Founded in 1987, Icahn Enterprises (NASDAQ: IEP) is a diversified holding company primarily engaged in investment and asset management across various sectors. Icahn Enterprises reported revenues of $1.87 billion, down 24.6% year on year, falling short of analysts' expectations by 29%. It was a disappointing quarter as it posted a significant miss of analysts' EPS estimates. Icahn Enterprises delivered the weakest performance against analyst estimates and slowest revenue growth in the group. As expected, the stock is down 4% since the results and currently trades at $8.38. Read our full analysis of Icahn Enterprises's results here. Producers of the first asthma inhaler, 3M Company (NYSE:MMM) is a global conglomerate known for products in industries like healthcare, safety, electronics, and consumer goods. 3M reported revenues of $5.78 billion, down 3.9% year on year. This print beat analysts' expectations by 1.5%. Overall, it was a strong quarter as it also produced a solid beat of analysts' adjusted operating income estimates. The stock is up 18.1% since reporting and currently trades at $148.75. Read our full, actionable report on 3M here, it's free. Headquartered in Massachusetts, Kadant (NYSE:KAI) is a global supplier of high-value, critical components and engineered systems used in process industries worldwide. Kadant reported revenues of $239.2 million, down 3.9% year on year. This number met analysts' expectations. Aside from that, it was a slower quarter as it produced full-year EPS guidance missing analysts' expectations. The stock is flat since reporting and currently trades at $317.32. Read our full, actionable report on Kadant here, it's free. The Fed's interest rate hikes throughout 2022 and 2023 have successfully cooled post-pandemic inflation, bringing it closer to the 2% target. Inflationary pressures have eased without tipping the economy into a recession, suggesting a soft landing. This stability, paired with recent rate cuts (0.5% in September 2024 and 0.25% in November 2024), fueled a strong year for the stock market in 2024. The markets surged further after Donald Trump's presidential victory in November, with major indices reaching record highs in the days following the election. Still, questions remain about the direction of economic policy, as potential tariffs and corporate tax changes add uncertainty for 2025. Want to invest in winners with rock-solid fundamentals? Check out our 9 Best Market-Beating Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
RNZ News
27-05-2025
- Entertainment
- RNZ News
Kiwi 'couldn't breathe, couldn't talk' after cheese race win in UK
Participants take part in the annual cheese rolling at Cooper's Hill in Brockworth, England, Monday, May 27, 2024. Photo: AP / Jacob King A New Zealand man who emerged victorious from an annual race in England - where participants fling themselves down a hill in an effort to catch a wheel of cheese - says he won't be competing in the event again. According to an Associated Press report on last year's event , races have been held at Cooper's Hill, since at least 1826, and the sport of cheese-rolling is believed to be much older. Thousands of people turn out to watch trhe event and cheer on the competitors, the report said. Byron Smith told Morning Report he had suffered a broken rib, a collapsed lung and internal injuries while winning this year's Cooper's Hill Cheese-Rolling and Wake near the city of Gloucester. "I did the race last year and I came out scot free because it was a lot wetter so it was more of a slip and slide. "This year it was quite dry and I just remember banging and tumbling the whole way down. "When I stood up couldn't really breathe, couldn't really talk and figured I must have banged my ribcage on something," Smith said. The traditional event attracts people from around the globe who come to chase a 7lb Double Gloucester cheese down the steep Coopers Hill. Photo: AP / Jacob King Smith said he had become a minor celebrity in the London hospital where he was recovering but he'd told his wife, if he won, he would not attempt the race again. "She's actually a nurse and she probably thinks it's a waste of public resources - which isn't that far off." Smith said he was looking forward to sharing his victor's spoils of four blocks of cheese with his friends - when he got out of hospital.
