How Did Oshkosh Perform in 3Q16?
Oshkosh (OSK) has a market cap of $3.0 billion. It rose by 9.9% to close at $53.65 per share on July 28, 2016.
The accounts receivable on United Technologies’ (UTX) balance sheet rose by $645 million quarter-over-quarter to $11.5 billion in 2Q16.
The Otis segment was responsible for 20.5% of all United Technologies’ (UTX) sales in 2Q16.
United Technologies (UTX) achieved 100% conversion of net income into cash flows in 2Q16 compared to 76% in 2Q15.
Headwinds in the sales of original equipment are inherent in the business model of aerospace (XAR) equipment suppliers.
United Technologies (UTX) benefitted from trends supporting aftermarket sales in the aerospace (ITA) sector.
United Technologies’ (UTX) revenues rose by 1% to $14.9 billion in 2Q16 compared to analysts’ consensus estimate of $14.7 billion.
United Technologies (UTX), a diversified industrial (RGI) conglomerate, released its earnings report for 2Q16 on July 26, 2016.
Increasing competition from Airbus and lack of orders in commercial planes will make Boeing’s valuation multiple volatile.
For 3Q16, Boeing’s (BA) sales are expected to decline by 8% to $23.8 billion. They’re expected to continue to decline by 1.7% in 4Q16 to $23.2 billion.
Looking at Boeing’s dividends, we see that it has been a consistent dividend payer for more than two decades. For 2Q16, it paid a total of $691 million in dividends.
It’s just a matter of time before fuel prices rebound. At that time, Boeing’s increasing leverage will be deemed more risky.
For 2Q16, revenues for Boeing’s Defense segment declined by 5% YoY to $7 billion compared to $7.5 billion in 2Q15.
For the second quarter of 2016, Boeing (BA) delivered 199 aircraft. That’s 1% higher than the 197 aircraft delivered in 2Q15.
excluding charges, Boeing still expects EPS to rise by $1.20 and thus a margin expansion in 2016. The guidance cut is better than what most analysts and investors were expecting.
Boeing (BA) reported its 2Q16 results on July 27, 2016. The Markets were happy with Boeing stock, and it rose 3% intraday. It fell to a 1.2% gain by the end of the day.
Allison Transmission Holdings (ALSN) has a market cap of $5.2 billion. It rose by 0.96% to close at $30.41 per share on July 27, 2016.
Canadian National (CNI) has a consensus rating of 3.2 with a “hold” recommendation. Of the 28 analysts covering the stock, 18% have given CNI a “buy” recommendation.
Canadian National (CNI) set a record in improving operating margins in the second quarter of 2016. They rose by 190 basis points.
In this part, we’ll take a look at Canadian National’s metals and minerals business.