Daily Brief Industrials: General Electric , Plug Power Inc, Aeon Delight, Amaero International Ltd, Ashtead Technology Holdings, HEICO Corp and more

• General Electric (GE) Aerospace showcased a robust performance in its Q3 2024 earnings, underscored by substantial growth in orders, revenue, and operating profit, while also facing challenges in specific segments.
• Positively, GE Aerospace reported a significant 28% increase in orders, driven by heightened demand.
• Revenues rose by 6%, which, coupled with a 14% uplift in operating profit and a 25% increase in adjusted EPS, highlighted strong operational performance.

• Plug Power has demonstrated robust growth in its core markets, particularly in its hydrogen production infrastructure and PEM electrolyzer technologies.
• In the latest quarter, Plug Power reported revenue of $173.7 million, driven by strong demand for its solutions, especially in electrolyzer and hydrogen infrastructure.
• Additionally, the company has made significant strides in operational efficiency, as evidenced by a 37% increase in gross margins quarter-over-quarter and a 27% reduction in cash burn.

• Sales increased by 4.7% YoY to JPY253.4bn, with operating profit rising 9.2% YoY to JPY11.9bn.
• Profit growth exceeded sales growth due to improved GPM and lower SG&A expenses across five segments.
• The company announced the cancellation of 700,000 treasury shares, representing 1.42% of total outstanding shares.

• RaaS Research Group has published an update on advanced materials manufacturing group Amaero International (ASX:3DA) following the company’s announcement yesterday that it has secured final approval for a US$23.5m (A$37.8m) loan from the Export-Import Bank of the United States, the US federal government’s export credit agency, under the Make More in America (MMIA) initiative.
• The loan will be drawn against the estimated US$28.5m in capital equipment purchases the company has announced for its Tennessee facility.
• We view this as an important milestone for Amaero as it delivers non-dilutive, US-government funded support to the company on favourable terms.

• Ashtead Technology is undervalued due to market misunderstandings about potential growth in offshore wind, past financial performance, and concerns about the US election
• The company, founded in 1985, operates in the rental equipment sector for offshore wind, oil, and natural gas industries
• Despite strong fundamentals and growth potential through acquisitions, some investors are hesitant but the author predicts a rerating within a year as misconceptions are addressed

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

• HEICO Corporation’s fourth-quarter financial results for fiscal 2024 reveal a mixed yet promising outlook for the company.
• The company reported record consolidated operating income and net sales, achieving a 15% increase in the former and an 8% rise in the latter compared to the same quarter in fiscal 2023.
• Net income surged by 35% to $139.7 million, setting a new benchmark for the organization.