Daily Brief Industrials: Hosokawa Micron, GXO Logistics, Idex Corp, Inabata & Co, Innodata , Mitsuboshi Belting, Nichiban Co Ltd, Oyo Corp, Punch Industry, C.H. Robinson Worldwide and more

• Orders decreased 8.4% YoY to JPY46.6bn, while order backlog declined 6.2% YoY to JPY41.9bn.
• Powder Processing Equipment segment sales rose 11.1% YoY to JPY49.4bn, with segment profit up 5.5% YoY to JPY5.9bn.
• Blown Film segment orders increased 46.1% YoY to JPY17.0bn, with segment profit up 141.4% YoY to JPY1.1bn.

• GXO’s spin-off from XPO Logistics is seen as a bold and potentially beneficial move
• The company now solely focuses on contract logistics and is well-positioned to benefit from e-commerce and supply chain trends
• With a strong management team led by Brad Jacobs, GXO has the potential to thrive as a standalone business and deliver significant returns for investors

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.

• IDEX Corporation (IEX) presented its financial and operational performance for the second quarter of 2024, reflecting a mixture of achievements and challenges amid a complex macroeconomic environment.
• The company reported achieving slightly higher than anticipated results in terms of adjusted EBITDA margin and adjusted EPS, attributed to strong execution across its global teams.
• From a revenue and orders perspective, IDEX faced a nuanced landscape.

• Q1 FY03/25 results: Sales JPY213.6bn (+15.7% YoY), Operating profit JPY6.8bn (+34.6% YoY), Net income JPY6.4bn (-17.5% YoY).
• Segment performance: FPD-related products strong, solar cell-related products decreased, automotive applications robust, inkjet printer sales increased.
• Full-year targets: Progress 25.7% for sales, 30.3% for operating profit, 33.7% for recurring profit, 37.5% for net income.

• INOD hired more people in the second quarter to keep up with demand as revenue grew by approximately 66 percent from the year ago period. 
• INOD has expanded its relationship with technology companies and announced an additional customer win. INOD has seven large technology companies as customers
• The pace of wins over the course of this year puts INOD on the path to exceed our original estimates. INOD’s updated guidance for 2024  

• Revenue grew 9.2% YoY to JPY22.4bn, with increases across all segments, but operating profit declined 21.5% YoY.
• Q1 FY03/25 revenue was 49.9% of the 1H forecast, with strong net income progress due to a JPY3.4bn extraordinary gain.
• Belts (Outside Japan) segment revenue increased 10.2% YoY, but operating profit fell 29.4% YoY due to weak repair parts sales.

• Revenue increased by 5.6% YoY to JPY11.5bn, driven by healthcare demand recovery and price revisions in the Tape business.
• Operating profit rose 48.6% YoY to JPY514mn, with a gross profit margin increase of 0.7pp YoY to 30.4%.
• Net income attributable to owners of the parent grew 18.5% YoY to JPY333mn, despite JPY53mn impairment losses.

• Orders increased to JPY45.3bn (+20.4% YoY), revenue to JPY34.6bn (+19.5% YoY), and operating profit to JPY340mn (+131.7% YoY).
• Orders for Disaster Prevention and Infrastructure: JPY15.1bn (+12.5% YoY), revenue: JPY12.0bn (+9.0% YoY), operating profit: JPY170mn.
• Orders for Environment and Energy: JPY21.9bn (+50.2% YoY), revenue: JPY1.7bn (+20.0% YoY), operating profit: JPY1.8bn (+55.7% YoY).

• Revenue was JPY9.7bn (+2.3% YoY) with operating profit at JPY303mn (+209.2% YoY) and recurring profit at JPY358mn (+5.9% YoY).
• Gross profit increased 4.8% YoY to JPY2.5bn with a gross profit margin of 26.2% (+0.6pp YoY).
• Revenue by region: Japan JPY2.9bn (-11.3% YoY), China JPY5.4bn (+13.4% YoY), Southeast Asia JPY445mn (-6.1% YoY), Europe/US/other JPY890mn (-2.6% YoY).

• C.H. Robinson Worldwide, Inc. provided a comprehensive review of its second quarter 2024 performance during their recent earnings call.
• The company discussed various strategic adjustments and improvements to address the challenges posed by an ongoing freight recession and a fluctuating global market.
• During the quarter, C.H. Robinson focused on refining its operating strategies, aiming for operational excellence through the introduction of a new operating model based on lean principles.