Even if they go mostly unnoticed, industrial businesses are the backbone of our country. But they are at the whim of volatile macroeconomic factors that influence capital spending (like interest rates), and the market seems convinced that demand will slow.
Due to this bearish outlook, the industry has tumbled by 12.6% over the past six months. This drawdown was worse than the S&P 500’s 6.4% decline.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how engineered components and systems stocks fared in Q4, starting with Enpro (NYSE:NPO).
Enpro currently trades at $172.52 and has been a dream stock for shareholders. It’s returned 426% since March 2020, nearly tripling the S&P 500’s 152% gain. The company has also beaten the index over the past six months as its stock price is up 8.8% thanks to its solid quarterly results.
Wrapping up Q4 earnings, we look at the numbers and key takeaways for the engineered components and systems stocks, including Timken (NYSE:TKR) and its peers.
Industrial technology solutions provider EnPro Industries (NYSE:NPO) reported Q4 CY2024 results beating Wall Street’s revenue expectations, with sales up 3.7% year on year to $258.4 million. Its non-GAAP profit of $1.57 per share was 6.6% above analysts’ consensus estimates.
Industrial technology solutions provider EnPro Industries (NYSE:NPO)
will be announcing earnings results tomorrow morning. Here’s what investors should know.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Enpro (NYSE:NPO) and the best and worst performers in the engineered components and systems industry.
Since January 2020, the S&P 500 has delivered a total return of 80.4%. But one standout stock has nearly doubled the market - over the past five years, Enpro has surged 155% to $172.45 per share. Its momentum hasn’t stopped as it’s also gained 21.7% in the last six months, beating the S&P by 14.2%.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how engineered components and systems stocks fared in Q3, starting with Applied Industrial (NYSE:AIT).
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the engineered components and systems industry, including Park-Ohio (NASDAQ:PKOH) and its peers.
Industrial technology solutions provider EnPro Industries (NYSE:NPO) fell short of the market’s revenue expectations in Q3 CY2024 as sales rose 4.1% year on year to $260.9 million. Its GAAP profit of $0.94 per share was also 20.3% below analysts’ consensus estimates.
Companies Reporting Before The Bell • BBVA (NYSE:BBVA) is likely to report earnings for its third quarter. • BP (NYSE:BP) is expected to report quarterly earnings at $1.37 per share on revenue of $57.71 billion.
