Latest news with #ESCO
Maroc
8 hours ago
- Business
- Maroc
INEE Certified as Morocco's First Energy Services Company
Innovative Energy & Efficiency (INEE), a subsidiary of the CDG Group, has become the first company to obtain official accreditation as an Energy Services Company (ESCO). This certification was granted by the Ministry of Energy Transition and Sustainable Development, within the framework of Decree No. 2-24-153, which implements Law No. 47-09 on energy efficiency, according to a press release from INEE. Specializing in energy efficiency solutions, renewable energy production, and decarbonization, INEE is now positioned as a key player for contracting energy efficiency projects through Energy Performance Contracts, based on a structured partnership model. The company deploys high value-added technical solutions and commits to delivering actual energy performance, enabling stakeholders to secure their efficiency objectives while benefiting from integrated, measurable, and long-term support. Through its integrated approach, INEE contributes to the structuring of a national energy efficiency ecosystem, supporting the scaling up of sustainable projects, says the same source. In doing so, it fully aligns with the Kingdom's ambition to strengthen its energy sovereignty, accelerate its decarbonization, and consolidate the resilience of its economy in the face of climate challenges. As the first ESCO certified under the new national legal framework, INEE affirms its role as a trusted partner to assist public and private stakeholders in their decarbonization journey. This also confirms the CDG Group's structured and long-term commitment to the energy transition and territorial development. The company intervenes across the entire value chain—from energy audits to real-time operation and monitoring—by integrating financing, engineering, and project structuring. It also supports its partners in change management and in obtaining energy efficiency certifications and labels. It operates in strategic sectors such as Smart City, industry, tertiary (services), logistics, agriculture, and in the implementation of the Exemplary Administration Pact. (MAP: 02 June 2025)
Morocco World
12 hours ago
- Business
- Morocco World
INEE Becomes Morocco's First Accredited Energy Services Company
Doha – Innovative Energy & Efficiency (INEE), a subsidiary of the CDG Group, has become the first company to benefit from official accreditation as an Energy Services Company (ESCO) in Morocco. The Ministry of Energy Transition and Sustainable Development issued this authorization on May 20, as part of Decree No. 2-24-153, implementing Law No. 47-09 on energy efficiency. The ministry stated this development represents an important step in operationalizing the regulatory framework for energy efficiency, building on their ongoing efforts. INEE is the first ESCO approved under the new national legal framework. The company specializes in energy efficiency solutions, renewable energy production, and decarbonization. According to company information, INEE operates across the entire value chain, from energy audits to real-time monitoring and operation. Their services integrate financing, engineering, and project assembly for clients in both public and private sectors. 'This recognition allows INEE to contract energy efficiency projects through Energy Performance Contracts based on a structuring partnership model,' the company stated. These contracts connect ESCOs to their clients through measurable objectives, with payment directly linked to actual energy savings achieved. The ESCO business model is designed to reduce financial risk for clients while helping to cut energy consumption. According to INEE, they deploy technical solutions with a commitment to achieving energy performance targets. The company reports operating in sectors including Smart City development, industry, tertiary services, logistics, and agriculture. It also works on implementing the Administration's Exemplarity Pact. Energy efficiency is emerging as a driver of job creation in the sector. The new regulatory framework aims to develop a national ecosystem of specialized companies while promoting skills training. INEE states that through its approach, it contributes to structuring a national energy efficiency ecosystem. This work supports Morocco's efforts to strengthen energy sovereignty, accelerate decarbonization, and build economic resilience against climate challenges. The ministry has already authorized 25 companies responsible for mandatory energy audits. It has expressed commitment to supporting companies wishing to join this ecosystem and contribute to building a more sustainable economy. As a wholly-owned subsidiary of CDG Developpement, INEE's new status reflects the CDG Group's involvement in energy transition and territorial development in Morocco. Tags: Energy Services CompanyEnergy transitionESCO
Yahoo
23-05-2025
- Business
- Yahoo
RBC Bearings to Acquire VACCO Industries & Boost Product Portfolio
RBC Bearings Incorporated RBC recently announced that it has signed a definitive deal with ESCO Technologies Inc. ESE to acquire VACCO Industries for about $310 million in cash. RBC is expected to fund the transaction through borrowings under its current credit agreement and cash on shares were down 1% yesterday to eventually close the trading session at $ in South El Monte, CA, VACCO is engaged in producing valves, filters, regulators and other precision components and subsystems for the space and naval defense sectors. The firm's innovative engineered solutions are designed to support critical missions for customers across the defense, space and commercial markets. VACCO generated revenues of roughly $118 million in the trailing 12 months ended March 31, 2025. The latest buyout is in sync with RBC Bearings' policy of acquiring companies to strengthen its business and product portfolio. The inclusion of VACCO's expertise in engineered valves, regulators and manifolds, supported by its strong designing, engineering and production capabilities, will enable RBC to expand its customer offerings in the defense, space and commercial markets. It will incorporate VACCO into its Aerospace and Defense expects the transaction to be completed this summer, conditioned on the fulfillment of certain customary closing conditions. RBC Bearings, with a $11.8 billion market capitalization, currently carries a Zacks Rank #4 (Sell). The company is grappling with rising operating costs and expenses. In first-quarter 2025, its cost of sales rose 3.8% year over year, while selling, general and administrative expenses increased 12% year over year. However, strength in its Aerospace/Defense segment, along with recovery in the Industrial unit, bodes well. Image Source: Zacks Investment Research The company's shares have gained 4.4% against the industry's decline of 0.8% in the past three Zacks Consensus Estimate for RBC's current-year earnings has declined 0.9% over the last 60 days. A couple of better-ranked stocks from the same space are discussed Gorman-Rupp Company GRC currently carries a Zacks Rank #2 (Buy). GRC delivered a trailing four-quarter average earnings surprise of 2.4%. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks the past 60 days, the Zacks Consensus Estimate for Gorman-Rupp's 2025 earnings has increased 0.5%.Broadwind Energy BWEN currently carries a Zacks Rank of 2. BWEN delivered a trailing four-quarter average earnings surprise of 61.1%. In the past 60 days, the consensus estimate for Broadwind Energy's 2025 earnings has increased 33.2%. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report RBC Bearings Incorporated (RBC) : Free Stock Analysis Report ESCO Technologies Inc. (ESE) : Free Stock Analysis Report Gorman-Rupp Company (The) (GRC) : Free Stock Analysis Report Broadwind Energy, Inc. (BWEN) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research 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
Globe and Mail
28-04-2025
- Business
- Globe and Mail
Engineered Components and Systems Q4 Earnings: ESCO (NYSE:ESE) is the Best in the Biz
As the Q4 earnings season comes to a close, it's time to take stock of this quarter's best and worst performers in the engineered components and systems industry, including ESCO (NYSE:ESE) and its peers. Engineered components and systems companies possess technical know-how in sometimes narrow areas such as metal forming or intelligent robotics. Lately, automation and connected equipment collecting analyzable data have been trending, creating new demand. On the other hand, like the broader industrials sector, engineered components and systems companies are 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 13 engineered components and systems stocks we track reported a satisfactory Q4. As a group, revenues along with next quarter's revenue guidance were in line with analysts' consensus estimates. Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 11.9% since the latest earnings results. Best Q4: ESCO (NYSE:ESE) A developer of the communication systems used in the Batmobile of 'The Dark Knight,' ESCO (NYSE:ESE) is a provider of engineered components for the aerospace, defense, and utility sectors. ESCO reported revenues of $247 million, up 13.2% year on year. This print exceeded analysts' expectations by 2.8%. Overall, it was a stunning quarter for the company with EPS guidance for next quarter exceeding analysts' expectations. Bryan Sayler, Chief Executive Officer and President, commented, 'Our fiscal year got off to an outstanding start as we delivered 13 percent top line growth, over 200 basis points of Adjusted EBITDA margin expansion, and a 41 percent increase in Adjusted EPS compared to the prior year. All three segments delivered solid revenue growth, highlighted by notable strength across our Navy, commercial aerospace and utility end-markets. It was also great to see our Test business deliver a solid quarter with improving order flow, double digit revenue growth, and over 500 basis points of margin expansion. ESCO pulled off the fastest revenue growth of the whole group. The stock is up 18.7% since reporting and currently trades at $157.07. Is now the time to buy ESCO? Access our full analysis of the earnings results here, it's free. Arrow Electronics (NYSE:ARW) Founded as a single retail store, Arrow Electronics (NYSE:ARW) provides electronic components and enterprise computing solutions to businesses globally. Arrow Electronics reported revenues of $7.28 billion, down 7.2% year on year, outperforming analysts' expectations by 3.2%. The business had a very strong quarter with a solid beat of analysts' EBITDA estimates. The stock is down 3.6% since reporting. It currently trades at $110.83. Is now the time to buy Arrow Electronics? Access our full analysis of the earnings results here, it's free. Weakest Q4: Regal Rexnord (NYSE:RRX) Headquartered in Milwaukee, Regal Rexnord (NYSE:RRX) provides power transmission and industrial automation products. Regal Rexnord reported revenues of $1.46 billion, down 9.1% year on year, falling short of analysts' expectations by 1.9%. It was a disappointing quarter as it posted full-year EPS guidance missing analysts' expectations. As expected, the stock is down 31% since the results and currently trades at $106.91. Read our full analysis of Regal Rexnord's results here. Enpro (NYSE:NPO) Holding a Guinness World Record for creating the world's largest gasket, Enpro (NYSE:NPO) designs, manufactures, and sells products used for machinery in various industries. Enpro reported revenues of $258.4 million, up 3.7% year on year. This number surpassed analysts' expectations by 3.3%. Overall, it was a very strong quarter as it also logged a solid beat of analysts' EBITDA estimates and a decent beat of analysts' EPS estimates. The stock is down 24.4% since reporting and currently trades at $147.73. Read our full, actionable report on Enpro here, it's free. Graham Corporation (NYSE:GHM) Founded when its founder patented a unique design for a vacuum system used in the sugar refining process, Graham (NYSE:GHM) provides vacuum and heat transfer equipment for the energy, petrochemical, refining, and chemical sectors. Graham Corporation reported revenues of $47.04 million, up 7.3% year on year. This print lagged analysts' expectations by 5%. Zooming out, it was a mixed quarter as it also recorded an impressive beat of analysts' EPS estimates but full-year revenue guidance slightly missing analysts' expectations. Graham Corporation had the weakest performance against analyst estimates and weakest full-year guidance update among its peers. The stock is down 34.2% since reporting and currently trades at $31.01. Read our full, actionable report on Graham Corporation here, it's free. Market Update As a result of the Fed's rate hikes in 2022 and 2023, inflation has come down from frothy levels post-pandemic. The general rise in the price of goods and services is trending towards the Fed's 2% goal as of late, which is good news. The higher rates that fought inflation also didn't slow economic activity enough to catalyze a recession. So far, soft landing. This, combined with recent rate cuts (half a percent in September 2024 and a quarter percent in November 2024) have led to strong stock market performance in 2024. The icing on the cake for 2024 returns was Donald Trump's victory in the U.S. Presidential Election in early November, sending major indices to all-time highs in the week following the election. Still, debates around the health of the economy and the impact of potential tariffs and corporate tax cuts remain, leaving much uncertainty around 2025. Want to invest in winners with rock-solid fundamentals? Check out our Top 6 Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Join Paid Stock Investor Research Help us make StockStory more helpful to investors like yourself. Join our paid user research session and receive a $50 Amazon gift card for your opinions. Sign up here.
Yahoo
28-04-2025
- Business
- Yahoo
Engineered Components and Systems Q4 Earnings: ESCO (NYSE:ESE) is the Best in the Biz
As the Q4 earnings season comes to a close, it's time to take stock of this quarter's best and worst performers in the engineered components and systems industry, including ESCO (NYSE:ESE) and its peers. Engineered components and systems companies possess technical know-how in sometimes narrow areas such as metal forming or intelligent robotics. Lately, automation and connected equipment collecting analyzable data have been trending, creating new demand. On the other hand, like the broader industrials sector, engineered components and systems companies are 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 13 engineered components and systems stocks we track reported a satisfactory Q4. As a group, revenues along with next quarter's revenue guidance were in line with analysts' consensus estimates. Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 11.9% since the latest earnings results. A developer of the communication systems used in the Batmobile of 'The Dark Knight,' ESCO (NYSE:ESE) is a provider of engineered components for the aerospace, defense, and utility sectors. ESCO reported revenues of $247 million, up 13.2% year on year. This print exceeded analysts' expectations by 2.8%. Overall, it was a stunning quarter for the company with EPS guidance for next quarter exceeding analysts' expectations. Bryan Sayler, Chief Executive Officer and President, commented, 'Our fiscal year got off to an outstanding start as we delivered 13 percent top line growth, over 200 basis points of Adjusted EBITDA margin expansion, and a 41 percent increase in Adjusted EPS compared to the prior year. All three segments delivered solid revenue growth, highlighted by notable strength across our Navy, commercial aerospace and utility end-markets. It was also great to see our Test business deliver a solid quarter with improving order flow, double digit revenue growth, and over 500 basis points of margin expansion. ESCO pulled off the fastest revenue growth of the whole group. The stock is up 18.7% since reporting and currently trades at $157.07. Is now the time to buy ESCO? Access our full analysis of the earnings results here, it's free. Founded as a single retail store, Arrow Electronics (NYSE:ARW) provides electronic components and enterprise computing solutions to businesses globally. Arrow Electronics reported revenues of $7.28 billion, down 7.2% year on year, outperforming analysts' expectations by 3.2%. The business had a very strong quarter with a solid beat of analysts' EBITDA estimates. The stock is down 3.6% since reporting. It currently trades at $110.83. Is now the time to buy Arrow Electronics? Access our full analysis of the earnings results here, it's free. Headquartered in Milwaukee, Regal Rexnord (NYSE:RRX) provides power transmission and industrial automation products. Regal Rexnord reported revenues of $1.46 billion, down 9.1% year on year, falling short of analysts' expectations by 1.9%. It was a disappointing quarter as it posted full-year EPS guidance missing analysts' expectations. As expected, the stock is down 31% since the results and currently trades at $106.91. Read our full analysis of Regal Rexnord's results here. Holding a Guinness World Record for creating the world's largest gasket, Enpro (NYSE:NPO) designs, manufactures, and sells products used for machinery in various industries. Enpro reported revenues of $258.4 million, up 3.7% year on year. This number surpassed analysts' expectations by 3.3%. Overall, it was a very strong quarter as it also logged a solid beat of analysts' EBITDA estimates and a decent beat of analysts' EPS estimates. The stock is down 24.4% since reporting and currently trades at $147.73. Read our full, actionable report on Enpro here, it's free. Founded when its founder patented a unique design for a vacuum system used in the sugar refining process, Graham (NYSE:GHM) provides vacuum and heat transfer equipment for the energy, petrochemical, refining, and chemical sectors. Graham Corporation reported revenues of $47.04 million, up 7.3% year on year. This print lagged analysts' expectations by 5%. Zooming out, it was a mixed quarter as it also recorded an impressive beat of analysts' EPS estimates but full-year revenue guidance slightly missing analysts' expectations. Graham Corporation had the weakest performance against analyst estimates and weakest full-year guidance update among its peers. The stock is down 34.2% since reporting and currently trades at $31.01. Read our full, actionable report on Graham Corporation here, it's free. As a result of the Fed's rate hikes in 2022 and 2023, inflation has come down from frothy levels post-pandemic. The general rise in the price of goods and services is trending towards the Fed's 2% goal as of late, which is good news. The higher rates that fought inflation also didn't slow economic activity enough to catalyze a recession. So far, soft landing. This, combined with recent rate cuts (half a percent in September 2024 and a quarter percent in November 2024) have led to strong stock market performance in 2024. The icing on the cake for 2024 returns was Donald Trump's victory in the U.S. Presidential Election in early November, sending major indices to all-time highs in the week following the election. Still, debates around the health of the economy and the impact of potential tariffs and corporate tax cuts remain, leaving much uncertainty around 2025. Want to invest in winners with rock-solid fundamentals? Check out our Top 6 Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Join Paid Stock Investor Research Help us make StockStory more helpful to investors like yourself. Join our paid user research session and receive a $50 Amazon gift card for your opinions. Sign up here. Sign in to access your portfolio
