Oshkosh’s Bottom Line Rose in 2Q16
Oshkosh Corporation (OSK) has a market cap of $3.5 billion. OSK rose by 13.3% to close at $47.36 per share as of April 28, 2016.
As of April 28, 2016, Boeing had a forward EV-to-EBITDA multiple of 8.26x. This is higher than its average valuation of 7.73x since February 2008.
In 2Q16, Boeing’s sales are expected to decline by -5.3% to $23.2 billion. Sales are expected to continue to fall ~6.8% in 3Q16 but to rise 1.9% in 4Q16.
Boeing has been a consistent dividend payer for more than two decades. In 2015, BA paid $2.5 billion in dividends—about 36% of its free cash flow in 2015.
Boeing’s growth has come at a cost. Increasing demand is good, but it’s meant increasing capacity—which Boeing has done by raising more debt.
In 1Q16, Boeing’s Defense segment, or BDS, revenues grew by 19% YoY (year-over-year) to $8 billion, as compared to $6.7 billion in 1Q15.
Boeing’s Commercial Airplanes segment saw a 6% YoY (year-over-year) decline in revenue to $14.3 billion in 1Q16.
Boeing (BA) recorded a $22.6 billion in revenues for 1Q16, which represents a 2% YoY growth over 1Q15. Most of this growth came from the Defense segment.
Boeing reported first quarter revenue of ~$22.6 billion, beating analyst estimates of ~$21.4 billion. But its EPS of $1.74 missed the estimate of $1.65.
Ensco’s (ESV) revenue from continuing operations was $814 million in 1Q16, down by $14 million, or 1.7%, from 4Q15. Revenues exceeded the company’s guidance it provided in the last earnings call.
In the week ended April 23, UNP’s total railcars declined by just over 13% to 83,500 units.
In the week ended April 23, 2016, Union Pacific’s (UNP) overall intermodal units fell by 13% compared to the corresponding period in 2015.
BNSF Railway’s coal and coke railcars declined by a staggering 46% in the week ended April 23, 2016, on a year-over-year basis.
BNSF Railway’s (BRK-B) total intermodal traffic for the week ended April 23, 2016, was down by 4.2% on a year-over-year basis.
Canadian Pacific’s railcars excluding coal railcars went down by 10% to settle at 24,000 in the week ended April 23, 2016.
In the week ended April 23, 2016, Kansas City Southern’s (KSU) total railcars were up 4% against the corresponding period last year.
Kansas City Southern (KSU) reported a 7% fall in overall intermodal traffic in the week ended April 23, 2016.
In the week ended April 23, 2016, Canadian National Railway’s (CNI) overall intermodal traffic fell by 3.5%.
Canadian National Railway (CNI) recorded an ~18.3% decline in total railcars in the week ended April 23, 2016.
In the week ended April 23, 2016, CSX’s railcars excluding coal and coke fell by 7%.