Daily BriefsIndustrials

Daily Brief Industrials: Ventia, Danaher Corp, Equifax Inc, 3M Co, Raytheon Technologies , United Parcel Service Cl B, General Electric Co, Enphase Energy and more

In today’s briefing:

  • Quiddity Leaderboard ASX Jun 23: Two ASX 200 Changes Likely, Including Ventia Surprise
  • Danaher Corporation: This Diagnostics Innovator Continues To Go Strong – Key Drivers
  • Equifax Inc.: Leveraging The New Mortgage 36 Solution to Boost Its NPI – Key Drivers
  • 3M Company: The Secret Strategy to Boost Its Supply Chain and Manufacturing Operations – Key Drivers
  • Raytheon Technologies Corporation: Launch Of Electro-Optical Intelligent Sense & Other Drivers
  • United Parcel Services Inc.: A Challenging Phase In Progress – Key Drivers
  • General Electric Company: Acquisition of Baker Hughes’ Nexus Controls & Other Drivers
  • Enphase Energy Inc.: Launch of New Home Energy Systems & Other Drivers

Quiddity Leaderboard ASX Jun 23: Two ASX 200 Changes Likely, Including Ventia Surprise

By Janaghan Jeyakumar, CFA

  • In this insight, we take a look at the potential index changes for ASX 200, 100, 50, and 20 in the run up to the June 2023 Rebalance.
  • Ventia (VNT AU) has appeared as a “surprise” potential addition to the ASX 200 index in June 2023 after recent block sales by top shareholders.
  • Including Ventia, we currently expect two ADDs and two DELs for the ASX 200 index in June 2023.

Danaher Corporation: This Diagnostics Innovator Continues To Go Strong – Key Drivers

By Baptista Research

  • Danaher successfully navigated a dynamic operating environment in this quarter to deliver an all-around beat.
  • The strength of its customer base business grew by 6% in this quarter.
  • For the quarter, the gross profit margin was 61% and the operating margin was down due to lower COVID volume in its diagnostics and biotechnology businesses.

Equifax Inc.: Leveraging The New Mortgage 36 Solution to Boost Its NPI – Key Drivers

By Baptista Research

  • Equifax produced another all-around beat, growing non-mortgage revenue by 10% in constant currency as it met its Equifax 2025 strategic targets and the $200 million spending plan.
  • Equifax’s non-mortgage businesses, which accounted for roughly 80% of overall revenue in the quarter, performed well.
  • Workforce Solutions once again delivered an excellent quarter, with non-mortgage revenue growth up 11% and total revenue down 8%.

3M Company: The Secret Strategy to Boost Its Supply Chain and Manufacturing Operations – Key Drivers

By Baptista Research

  • 3M delivered an all-around beat in the latest result and managed costs aggressively in a challenging environment.
  • The company experienced noteworthy end-market weakness in consumer electronics, shifting consumer spending patterns along with the mixed industrial end markets and retailer destocking.
  • The electronic business of the company saw adjusted organic sales declines.

Raytheon Technologies Corporation: Launch Of Electro-Optical Intelligent Sense & Other Drivers

By Baptista Research

  • For Raytheon, this was quite a good start to 2023 as it delivered an all-around beat in the first quarater.
  • The demand remains strong for both its defense and commercial aerospace businesses which is a positive sign.
  • Looking internationally, Raytheon views strong demand for defense capabilities as its allies prioritize additional defense spending.

United Parcel Services Inc.: A Challenging Phase In Progress – Key Drivers

By Baptista Research

  • UPS had a terribly disappointing quarter and failed to meet the revenue expectations as well as the earnings expectations of analysts.
  • U.S. discretionary sales have been lagging behind grocery as disposable income and consumable sales are shifting from goods to services.
  • Lately, the company finished the acquisition of Bomi Group, and cost synergy and revenue are running ahead of the target.

General Electric Company: Acquisition of Baker Hughes’ Nexus Controls & Other Drivers

By Baptista Research

  • GE’s stock has been on a strong upward momentum and delivered an all-around beat in the quarter.
  • The top-line momentum was strong, with strong market demand as well as execution driving growth.
  • In this report, we have carried out a fundamental analysis of the historical financial statements of the company.

Enphase Energy Inc.: Launch of New Home Energy Systems & Other Drivers

By Baptista Research

  • Enphase Energy had a decent first quarter and managed an all-around beat with no significant supply shortages and a stable overall supply environment.
  • The company also experienced significant growth in Europe, with revenue rising 25% sequentially and more than tripling year-on-year.
  • In addition, the company launched its most potent Enphase Energy System, featuring the new IQ Battery 5P and IQ8 Microinverters.

💡 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