Latest news with #IcahnEnterprises
Yahoo
28-05-2025
- Business
- Yahoo
General Industrial Machinery Stocks Q4 In Review: Columbus McKinnon (NASDAQ:CMCO) Vs Peers
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 general industrial machinery industry, including Columbus McKinnon (NASDAQ:CMCO) 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 Q4. As a group, revenues missed analysts' consensus estimates by 1.9% while next quarter's revenue guidance was 1.5% below. In light of this news, share prices of the companies have held steady as they are up 3.8% on average since the latest earnings results. With 19 different brands across the globe, Columbus McKinnon (NASDAQ:CMCO) offers material handling equipment for the construction, manufacturing, and transportation industries. Columbus McKinnon reported revenues of $234.1 million, down 7.9% year on year. This print fell short of analysts' expectations by 7%. Overall, it was a disappointing quarter for the company with a significant miss of analysts' EBITDA and EPS estimates. "The second half of our third quarter saw a slowing of industry demand. This was driven by delayed customer decision-making related to U.S. policy uncertainty, including tariffs as well as continued weakening in the European economies," said David J. Wilson, President and Chief Executive Officer. The stock is down 50.5% since reporting and currently trades at $17.55. Read our full report on Columbus McKinnon 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 a solid beat of analysts' EPS estimates and an impressive beat of analysts' EBITDA estimates. Luxfer delivered the biggest analyst estimates beat among its peers. The market seems happy with the results as the stock is up 17.5% since reporting. It currently trades at $11.74. 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 1.2% since the results and currently trades at $8.62. Read our full analysis of Icahn Enterprises's results here. Tracing back to its invention of the mechanical milk bottle filler in 1884, John Bean (NYSE:JBT) designs, manufactures, and sells equipment used for food processing and aviation. John Bean reported revenues of $854.1 million, up 118% year on year. This number surpassed analysts' expectations by 2.6%. It was a very strong quarter as it also produced an impressive beat of analysts' EBITDA estimates and EPS guidance for next quarter exceeding analysts' expectations. John Bean achieved the fastest revenue growth among its peers. The stock is up 10.5% since reporting and currently trades at $118.35. Read our full, actionable report on John Bean here, it's free. Founded in 1895, Albany (NYSE:AIN) is a global textiles and materials processing company, specializing in machine clothing for paper mills and engineered composite structures for aerospace and other industries. Albany reported revenues of $288.8 million, down 7.8% year on year. This result came in 1.8% below analysts' expectations. Overall, it was a slower quarter as it also logged a significant miss of analysts' adjusted operating income estimates and full-year revenue guidance slightly missing analysts' expectations. The stock is up 2.9% since reporting and currently trades at $67.50. Read our full, actionable report on Albany here, it's free. In response to the Fed's rate hikes in 2022 and 2023, inflation has been gradually trending down from its post-pandemic peak, trending closer to the Fed's 2% target. Despite higher borrowing costs, the economy has avoided flashing recessionary signals. This is the much-desired soft landing that many investors hoped for. The recent rate cuts (0.5% in September and 0.25% in November 2024) have bolstered the stock market, making 2024 a strong year for equities. Donald Trump's presidential win in November sparked additional market gains, sending indices to record highs in the days following his victory. However, debates continue over possible tariffs and corporate tax adjustments, raising questions about economic stability in 2025. Want to invest in winners with rock-solid fundamentals? Check out our Strong Momentum 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
27-05-2025
- Business
- Yahoo
Spotting Winners: Kadant (NYSE:KAI) And General Industrial Machinery Stocks In Q1
As the Q1 earnings season comes to a close, it's time to take stock of this quarter's best and worst performers in the general industrial machinery industry, including Kadant (NYSE:KAI) 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 14 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. In light of this news, share prices of the companies have held steady as they are up 4.8% on average since the latest earnings results. 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 print was in line with analysts' expectations, but overall, it was a slower quarter for the company with full-year EPS guidance missing analysts' expectations. Management Commentary'Our first quarter results were in line with expectations across most financial metrics despite the increasing geopolitical and trade uncertainties,' said Jeffrey L. Powell, president and chief executive officer of Kadant Inc. Unsurprisingly, the stock is down 3.2% since reporting and currently trades at $305.08. Read our full report on Kadant 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 scored the biggest analyst estimates beat among its peers. The market seems happy with the results as the stock is up 11.9% since reporting. It currently trades at $11.18. 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 1.5% since the results and currently trades at $8.60. Read our full analysis of Icahn Enterprises's results here. Credited with inventing the first hydraulic passenger elevator, Otis Worldwide (NYSE:OTIS) is an elevator and escalator manufacturing, installation and service company. Otis reported revenues of $3.35 billion, down 2.5% year on year. This print was in line with analysts' expectations. More broadly, it was a slower quarter as it recorded a miss of analysts' organic revenue and EBITDA estimates. The stock is down 2.1% since reporting and currently trades at $96.78. Read our full, actionable report on Otis here, it's free. One of the original 12 companies on the Dow Jones Industrial Average, General Electric (NYSE:GE) is a multinational conglomerate providing technologies for various sectors including aviation, power, renewable energy, and healthcare. GE Aerospace reported revenues of $9.94 billion, up 10.9% year on year. This number topped analysts' expectations by 1.7%. It was a very strong quarter as it also produced an impressive beat of analysts' EBITDA estimates. The stock is up 31.8% since reporting and currently trades at $235.10. Read our full, actionable report on GE Aerospace here, it's free. Thanks to the Fed's rate hikes in 2022 and 2023, inflation has been on a steady path downward, easing back toward that 2% sweet spot. Fortunately (miraculously to some), all this tightening didn't send the economy tumbling into a recession, so here we are, cautiously celebrating a soft landing. The cherry on top? Recent rate cuts (half a point in September 2024, a quarter in November) have propped up markets, especially after Trump's November win lit a fire under major indices and sent them to all-time highs. However, there's still plenty to ponder — tariffs, corporate tax cuts, and what 2025 might hold for the economy. Want to invest in winners with rock-solid fundamentals? Check out our Hidden Gem 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
09-05-2025
- Business
- Yahoo
Q1 Earnings Highs And Lows: Icahn Enterprises (NASDAQ:IEP) Vs The Rest Of The General Industrial Machinery Stocks
As the Q1 earnings season comes to a close, it's time to take stock of this quarter's best and worst performers in the general industrial machinery industry, including Icahn Enterprises (NASDAQ:IEP) 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 14 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 1.6% below. In light of this news, share prices of the companies have held steady as they are up 3.7% on average since the latest earnings results. 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. This print fell short of analysts' expectations by 29%. Overall, it was a disappointing quarter for the company with a significant miss of analysts' EPS estimates. Icahn Enterprises delivered the weakest performance against analyst estimates and slowest revenue growth of the whole group. Unsurprisingly, the stock is down 1.9% since reporting and currently trades at $8.56. Read our full report on Icahn Enterprises 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 scored the biggest analyst estimates beat among its peers. The market seems happy with the results as the stock is up 16.1% since reporting. It currently trades at $11.60. Is now the time to buy Luxfer? Access our full analysis of the earnings results 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, in line with analysts' expectations. It was a slower quarter as it posted full-year EPS guidance missing analysts' expectation. As expected, the stock is down 4.5% since the results and currently trades at $300.77. Read our full analysis of Kadant's results here. Originally founded in 1906 as a thermostat company, Honeywell (NASDAQ:HON) is a multinational conglomerate known for its aerospace systems, building technologies, performance materials, and safety and productivity solutions. Honeywell reported revenues of $9.82 billion, up 7.9% year on year. This print beat analysts' expectations by 2.5%. Overall, it was a very strong quarter as it also put up an impressive beat of analysts' EBITDA estimates. The stock is up 6.5% since reporting and currently trades at $213.65. Read our full, actionable report on Honeywell here, it's free. A company that manufactured critical equipment for the United States military during World War II, Dover (NYSE:DOV) manufactures engineered components and specialized equipment for numerous industries. Dover reported revenues of $1.87 billion, flat year on year. This number missed analysts' expectations by 0.7%. It was a slower quarter as it also recorded a significant miss of analysts' adjusted operating income estimates and a slight miss of analysts' organic revenue estimates. The stock is up 5% since reporting and currently trades at $174.68. Read our full, actionable report on Dover 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 Hidden Gem 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. 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
Yahoo
08-05-2025
- Business
- Yahoo
Icahn Enterprises LP (IEP) Q1 2025 Earnings Call Highlights: Navigating Challenges with ...
NAV Decrease: $336 million decrease from Q4 2024. Investment Funds Performance: Down approximately 8.4% for the quarter. Cash and Cash Equivalents: $1.3 billion at the holding company and $900 million at the funds. Quarterly Distribution: Maintained at $0.50 per depositary unit. Energy Segment EBITDA: Negative $61 million for Q1 2025 compared to $203 million in Q1 2024. Automotive Segment Sales: Down 9% year over year; excluding parts business wind down, down 6%. Automotive Segment Adjusted EBITDA: Negative $6 million for the quarter. Store Closures: Closed 24 underperforming locations. Real Estate Segment EBITDA: Decreased by $1 million compared to prior year quarter. Food Packaging Segment EBITDA: Decreased by $6 million compared to prior year quarter. Home Fashion Segment EBITDA: Decreased by $1 million compared to prior year quarter. Pharma Segment EBITDA: Decreased by $3 million compared to prior year quarter. Liquidity: Holding company cash and investment in funds of $3.8 billion; subsidiaries cash and revolver availability of $1.3 billion. Release Date: May 07, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points CVI share price increased by 3%, contributing to an $80 million increase from the previous quarter. The Board maintained a quarterly distribution at $0.50 per depositary unit, indicating stable shareholder returns. Icahn Enterprises LP ended the quarter with $1.3 billion in cash and cash equivalents at the holding company, providing a strong liquidity position. The automotive segment is showing early signs of improvement with positive trends in car count, tire volumes, and revenue. The company is actively exploring new opportunities and potential property sales, which could enhance its investment strategy and asset value. Negative Points NAV decreased by $336 million from the fourth quarter of 2024, primarily due to negative performance in the funds. The investment funds ended down approximately 8.4% for the quarter, driven by healthcare investments. Energy segment consolidated EBITDA was negative $61 million for Q1 2025, a significant decline from $203 million in Q1 2024. The automotive segment sales were down 9% year over year, with adjusted EBITDA at negative $6 million. Food packaging's adjusted EBITDA decreased by $6 million compared to the prior year quarter, due to lower prices and higher costs. Q & A Highlights Q: Can you provide details on the store closures in the automotive segment, specifically the number of stores with negative EBITDA and the timing for closing money-losing stores? A: We are not disclosing the aggregate number of store closures due to business and employee impacts. Many stores that were profitable in 2022 or 2023 are now losing money, and we are evaluating how to improve them. Stores with long-term profitability issues will be closed, averaging about eight closures per month. The timing also depends on whether the locations are owned or leased.
Yahoo
07-05-2025
- Business
- Yahoo
Icahn Enterprises (NASDAQ:IEP) Misses Q1 Revenue Estimates
Holding company and industrial conglomerate Icahn (NYSE:IEP) fell short of the market's revenue expectations in Q1 CY2025, with sales falling 19.1% year on year to $2.00 billion. Its GAAP loss of $0.79 per share was significantly below analysts' consensus estimates. Is now the time to buy Icahn Enterprises? Find out in our full research report. Icahn Enterprises (IEP) Q1 CY2025 Highlights: Revenue: $2.00 billion vs analyst estimates of $2.63 billion (19.1% year-on-year decline, 23.8% miss) EPS (GAAP): -$0.79 vs analyst estimates of $0.19 (significant miss) Adjusted EBITDA Margin: -14.3%, down from 5.4% in the same quarter last year Market Capitalization: $4.56 billion Company Overview Founded in 1987, Icahn Enterprises (NASDAQ: IEP) is a diversified holding company primarily engaged in investment and asset management across various sectors. Sales Growth A company's long-term performance is an indicator of its overall quality. Even a bad business can shine for one or two quarters, but a top-tier one grows for years. Regrettably, Icahn Enterprises's sales grew at a mediocre 6.9% compounded annual growth rate over the last five years. This was below our standard for the industrials sector and is a tough starting point for our analysis. Icahn Enterprises Quarterly Revenue We at StockStory place the most emphasis on long-term growth, but within industrials, a half-decade historical view may miss cycles, industry trends, or a company capitalizing on catalysts such as a new contract win or a successful product line. Icahn Enterprises's performance shows it grew in the past but relinquished its gains over the last two years, as its revenue fell by 13.5% annually. Icahn Enterprises Year-On-Year Revenue Growth This quarter, Icahn Enterprises missed Wall Street's estimates and reported a rather uninspiring 19.1% year-on-year revenue decline, generating $2.00 billion of revenue. Looking ahead, sell-side analysts expect revenue to grow 7.4% over the next 12 months. Although this projection suggests its newer products and services will fuel better top-line performance, it is still below the sector average. Software is eating the world and there is virtually no industry left that has been untouched by it. That drives increasing demand for tools helping software developers do their jobs, whether it be monitoring critical cloud infrastructure, integrating audio and video functionality, or ensuring smooth content streaming. Click here to access a free report on our 3 favorite stocks to play this generational megatrend. Operating Margin Icahn Enterprises was profitable over the last five years but held back by its large cost base. Its average operating margin of 2.1% was weak for an industrials business. This result isn't too surprising given its low gross margin as a starting point.
