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Boeing had another weak quarter and failed to meet Wall Street expectations with respect to revenues as well as earnings. The company managed over $3 billion in free cash flow driven by the progress in its performance and continued demand. On the market side, the company saw a decent demand. The management claims that its product is stabilizing, the fleet has been performing well, and the 737 MAX has made tremendous progress. It delivered 45 Artemis I aircrafts this quarter, including the foremo
Companies: Boeing Company
Baptista Research
Boeing delivered yet another highly disappointing set of results as it failed to meet the market expectations with respect to revenues as well as earnings. The management has continued their turnaround efforts since the beginning of 2020 which has resulted in improved cash flows and has strengthened the company's position in the competitive market. Just like the previous quarters, the company focused on providing its customers with an efficient and satisfying service in the third quarter. Despit
Boeing had a disappointing quarter and failed to meet Wall Street expectations in terms of both, revenues as well as earnings. The management claims to have made good progress in key programs in a highly dynamic macro environment which was affected by supply chain constraints, labor availability, and inflation. The company is on the verge of returning to 87 delivery process. The MAX fleet has been performing quite well, exceeding the expectations of the customers. In the quarter, the company fac
This is our first report on aerospace and defense major, Boeing. The company had a weak start to 2022, failing to meet Wall Street expectations in terms of revenues and earnings. To add to its misery, one of the company’s flights crashed recently, taking several lives and damaging its reputation. The company is being negatively impacted by inflation as well as supply chain constraints. The commercial market for airplanes the 777, the 87, and the MAX is particularly strong in the eyes of the Boei
Boeing is known as one of the biggest companies in the aerospace industry across the globe. The company had a weak start to 2022 with a poor performance in terms of revenues and earnings. To add to its misery, one of the company’s flights crashed recently, taking several lives and damaging its reputation. The company is being negatively impacted by inflation as well as supply chain constraints. The commercial market for airplanes the 777, the 87, and the MAX is particularly strong in the eyes of
Research Tree provides access to ongoing research coverage, media content and regulatory news on Boeing Company. We currently have 0 research reports from 4 professional analysts.
The FY24 year-end update is very upbeat signalling trading being materially ahead of expectations, with a better-than-expected profit out turn and stronger cash generation. It continues to strengthen margins through efficiencies and investment in modern equipment. The order book remains close to record levels providing a robust view of future forecasts. In FY24E we upgrade EPS by 11% and in FY25E a significant upgrade of 27.6%. It looks capable of declaring a dividend in FY25 as well as manageme
Companies: Renold plc
Cavendish
Companies: BILN ELCO NXQ CUSN ATG
FY23 results show very strong growth over FY22, driven by strong Structural Steel activity, with results slightly ahead of upgraded profit expectations, while stronger than expected cash flow resulted in an unexpectedly generous dividend of 33p (offering a FY23 yield of 7.0%). The group now has net cash of £22.1m and is debt free and is therefore in a strong position for potential M&A activity. Following the recent £90m of new orders to increase the order book to record levels we conservatively
Companies: Billington Holdings Plc
Another Good Year of Diversified Growth with More to Come in 2024 CCapital have released their Q1 operating results. Overall, revenue has come in slightly lower than expected at $80.2m vs TamE of $85.9m but is largely tracking in line with our FY24 annual estimate and we note the company has maintained guidance. Drilling revenue for this quarter was impacted by a fall in utilisaztion rates as well as general remobilisation geographically but we expect a strong recovery throughout the year as k
Companies: Capital Limited
Tamesis Partners
Plant Health Care announced it has signed a distribution agreement with AMVAC, an American Vanguard Company, to support commercialisation of novel fertiliser products incorporating Plant Health Care's Harpinαβ in China starting in 2024. The novel product combines Harpinαβ technology with an AMVAC fertiliser and is expected to help growers improve crop quality and yield as part of an integrated and environmentally responsible crop production programme. AMVAC continues to evaluate Plant Health Car
Companies: Plant Health Care PLC
Companies: 88E RNO TRIN KRM EXR BOOM
discoverIE’s March year-end update confirms a strong operational performance in challenging markets. Following two years when sales increased by +48%, FY 2024 Group sales were +1% ahead of 2023 at CER (reported -3%) driven by a +2% contribution from acquisitions and organic -1%. As expected, organic growth returned in the later part of the year (Q4 +2%, +11% sequentially) and the order book has reverted to normalised levels of c.4.5 months’ sales, which – combined with a continuing strong pipeli
Companies: discoverIE Group PLC
Severfield’s trading update indicates that FY23 results are expected to slightly exceed market expectations and the company ends the year with a record UK and Europe order book. Furthermore, with a positive trading outlook and net debt coming in lower than expected, Severfield has announced a £10m share buyback, highlighting the cash-generative nature of the company and management’s confidence in its position. The stock trades on an FY25 P/E of less than 6x and yields 7%, which we believe appear
Companies: Severfield Plc
Edison
Companies: Iofina plc
Canaccord Genuity
Companies: PLL TLG HZM SAV KAV KP2 SVML
SP Angel
Acquisitions have been an important element of Severfield management’s growth strategy, with the aim of adding new products, sectors and regions to what we have identified as exciting long-term organic opportunities. In this Spotlight report, we focus on the group’s targeted M&A approach, highlighting three significant deals.
Progressive Equity Research
Liberum
Invinity’s update on discussions with strategic investors reveals interest from multiple parties. While this has slightly delayed finalising an agreement it increases the potential for a better outcome. Although details are unknown at this stage, we think there is enough in the statement to be comfortable that any agreements will be consistent with the company’s strategy of growing market share in core markets and using a licencing and royalty model in other markets.
Companies: Invinity Energy Systems PLC
Longspur Clean Energy
Severfield’s full-year results to March will be ‘slightly above’ the Board’s expectations, according to today’s trading update, with net debt significantly better. We maintain our PBT estimates for both forecast years, which are ahead of consensus, but reduce our net debt for FY24E. Record orders were boosted by the steel specialist’s European operations, after last year’s Voortman acquisition, while the Indian JV has seen ‘another step up in profitability’. The group has also launched its first
Companies: ATOME PLC
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