In today’s briefing:
- (Mostly) Asia-Pac Weekly Risk Arb Wrap: Silver Lake, Ssangyong Cement, Vinda, Benefit One, Hollysys
- Honeywell International – Heavy Investment in Aerospace & Other Futuristic Strategies Propelling Them Forward! – Major Drivers
- Parker-Hannifin Corporation: Increased Global Frontline Performance & Improved Margins Saving The Day? – Major Drivers
- C.H. Robinson Worldwide – Efforts Towards Cost Reduction For Offsetting Inflation Bearing Fruit? – Major Drivers
- Fortive Corporation: Excellent Potential for Portfolio Durability through M&A! – Major Drivers
- Rockwell Automation: Strong End-Market Demand & 5 Other Factors Driving Its Growth! – Financial Forecasts
(Mostly) Asia-Pac Weekly Risk Arb Wrap: Silver Lake, Ssangyong Cement, Vinda, Benefit One, Hollysys
- I tally 52 – mostly firm, mostly Asia-Pac – transactions currently being discussed and analysed on Smartkarma. Inside is a timetable of upcoming key events for each deal.
- Three new deals discussed this week on Smartkarma: Red 5 (RED AU)/Silver Lake Resources (SLR AU) merger; Ssangyong Cement Industrial (003410 KS)‘s Tender Offer; and Lawson (2651 JP) Tender Offer.
- Key updates took place on: Symbio (SYM AU), Bwp Trust (BWP AU), Vinda (3331 HK), JSR Corp (4185 JP), Benefit One (2412 JP), Kerry Express Thailand (KEX TB), Hollysys (HOLI US)
Honeywell International – Heavy Investment in Aerospace & Other Futuristic Strategies Propelling Them Forward! – Major Drivers
- The fourth quarter 2023 earnings for Honeywell International took place in a dynamic backdrop; the company delivered on its 2023 commitments despite this.
- Honeywell’s Accelerator operating system and differentiated technologies allowed it to meet the full year guidance for organic growth, adjusted earnings per share, and free cash flow.
- As a result of leadership changes, Vimal Kapur, CEO, has been elected to additionally serve as Chairman, starting from June after the current Executive Chairman, Darius Adamczyk, retires.
Parker-Hannifin Corporation: Increased Global Frontline Performance & Improved Margins Saving The Day? – Major Drivers
- With respect to Parker-Hannifin’s latest earnings, a few distinctive factors paint a broad picture of the company’s current status and future prospects.
- With record sales of $4.8 billion in Q2, a 3% progression from the previous year, the company has expressed confidence in sustaining incrementals of over 100% and expanding upon the adjusted segment operating margin which stood at a record 24.5%, marking a 3% increase on a year-to-year basis.
- This strong performance has primarily been driven by their Aerospace Systems, while both Industrial Silos also made valuable contributions.
C.H. Robinson Worldwide – Efforts Towards Cost Reduction For Offsetting Inflation Bearing Fruit? – Major Drivers
- C.H. Robinson delivered mixed quarter four results for 2023 with gross profits of $618.6 million, down by 20% YoY due to a difficult freight market according to the company.
- Total revenue was also down to $4.2 billion.
- In terms of productivity initiatives, some improvements were made with a 17% improvement in North American Surface Transportation (NAST) and a 20% improvement in Global Forwarding.
Fortive Corporation: Excellent Potential for Portfolio Durability through M&A! – Major Drivers
- In the Q4 and full year 2023 earnings call of Fortive Corporation, executives reported that Fortive delivered strong operational performance throughout 2023, displaying consistent performance amid a mixed macroeconomic environment.
- Its adjusted operating margins approached 26%, a record high, pointing to the company’s resilience and successful execution of strategic planning.
- Fortive also saw significant capital deployment across its segments.
Rockwell Automation: Strong End-Market Demand & 5 Other Factors Driving Its Growth! – Financial Forecasts
- In the Rockwell Automation results, it’s important to start by appreciating that the company registered first quarter growth, even amidst the challenging economic landscape.
- Rockwell Automation registered a 3.6% year-over-year increase in total sales led by North America.
- This performance is attributable partly to the company’s broad business portfolio which has helped spread risk.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
