More From Jessica Stephans
Inside Icahn’s Largest Contributor to Revenues in 2Q16
In 2Q16 Icahn Enterprises’ Automotive segment was the largest contributor to overall revenue, fetching 60% of the total, with an EBITDA margin of 8.8%.
General Electric’s Mission, Vision, and Strategy
General Electric’s strategy is to reshape its portfolio from a broad conglomerate to a more focused industrial leader.
How the US Real Estate Market Affected IEP’s Real Estate Revenue
Icahn Enterprises (IEP) owns 100% outstanding stock of AREP Real Estate Holdings through Icahn Enterprises Holdings (IEH).
Inside the Analyst Ratings for Ingersoll Rand after the 2Q Results
Of the 23 analysts surveyed by Bloomberg, 15 gave Ingersoll Rand “buy” ratings, whereas nine gave “hold” ratings, and none gave “sell” ratings.
How Has Roper Technologies’ Stock Fared ahead of Its 2Q16 Earnings?
Roper Technologies’ stock has declined since July 2015, after touching a high of $195.93 per share on November 30, 2015.
How Is Flowserve Trading Compared to Peers?
Shares of Flowserve (FLS) currently trade at a PE (price-to-earnings) value of 17.04x. This isn’t cheap compared to FLS’s peers.
Overview of General Electric’s Power and Water Segment
General Electric’s Power and Water Segment contributed 23% of the company’s total revenues in 2015.
Will IEP Maintain Its Record of Delivering Superior Returns?
Icahn Enterprises’ (IEP) stock price corrected by 33% from April 20, 2015, to April 20, 2016. On April 15, 2016, the company was trading at $61.3.
Does the Komatsu Deal Change How Analysts Rate Joy Global?
Of 19 analysts surveyed by Bloomberg, five gave Joy Global a “buy” rating, while 11 gave a “hold” rating, three gave “sell” ratings.
Graphical Representation of General Electric’s Business Model
General Electric’s industrials and finance services are its two broader divisions, contributing 91% and 9%, respectively, to its consolidated 2015 earnings.
The Word on the Street: What Analysts Are Recommending for Joy Global Now
Of the 17 analysts surveyed by Bloomberg, only five issued “buy” recommendations for Joy Global, while 11 issued “holds,” and one issued a “sell.”
Why the Sudden Jump in General Electric’s Debt-to-Equity Ratio?
As of September 30, 2015, General Electric’s industrial plus verticals had a much cleaner balance sheet than consolidated GE in 3Q15.
A Look at Icahn Investment’s Significant Holdings
Icahn has a long history of investing in both public equity and debt securities. Its strategy is to invest in companies that it believes to be undervalued.
Details Emerging about Komatsu’s Acquisition of Joy Global
Joy Global’s stock rose by 19.7% from the opening price of $23.5 and closed at $28.2 on July 21, after Komatsu announced that it will acquire the company.
How Komatsu Benefits from Acquiring Joy Global
From its acquisition of Joy Global, Komatsu expects to double the size of its manufacturing equipment business and to strengthen its core mining business.
Icahn’s Railcar Segment among Top 6 Players in North America
In the railcar market, Icahn Enterprises (IEP) conducts business through its majority-owned interest in American Railcar Industries (ARII) and American Railcar Leasing (ARL).
Icahn’s Tropicana Entertainment: The Gaming Company
Icahn Enterprises (IEP) owns 68% of the outstanding stock of Tropicana Entertainment through Icahn Enterprises Holding LP (IEH).
What Risks Does Icahn Enterprises Face?
Global growth is of the utmost importance to Icahn Enterprises. Its revenue streams are diverse and are affected by weak macroeconomic environments.
Gauging General Electric’s Appliance Segment
General Electric recently announced that its appliance and lighting division would be sold to Haier.
What Analysts Expect of Flowserve in 2016
For 2016, analysts expect Flowserve (FLS) to report revenues of ~$3.9 billion, which would be ~14% lower than its $4.5 billion in 2015.
Why General Electric Sold Its Appliances Business to Haier
General Electric wants to shift away from the appliances business, as this segment doesn’t fit into its core business portfolio.
Why Mining for Profits Proved Ineffective for Joy Global
Mining equipment supply and services to US coal mining companies accounted for 76% of Joy Global’s US revenue.
Understanding the Rise of Joy Global’s Stock ahead of Its Fiscal 3Q16 Earnings
Joy Global’s (JOY) stock has been on a downward trend since January 2015, when the stock started falling due to the oversupply in commodities markets.
How Joy Global Is Trying to Stop Bleeding Revenues
Joy Global’s (JOY) fiscal 1Q16 revenues came in at $526 million, which represents a 25% decline over fiscal 1Q15.
Icahn’s Automotive Segment: Acquisitions Led Growth
Icahn’s automotive segment includes Federal-Mogul and IEH Auto Parts. FDML is a global supplier of a broad range of components, accessories, and systems.
Inside Joy Global’s Fiscal 2Q16 Revenue Drop across Segments
Joy Global’s (JOY) fiscal 2Q16 revenues came in at $602 million, which was below the analyst estimate of $606 million.
More about Roper Technologies’ Industrial Technology Segment
Roper Technologies’ (ROP) Industrial Technology segment has long lead times and provides highly engineered custom-configured products.
How Big Is Komatsu in the Construction and Mining Equipment Space?
Komatsu is the largest manufacturer of construction and mining equipment in Japan. Its the second-largest globally, after US-based Caterpillar (CAT).
Lincoln Electric’s Position in Global Welding and Cutting Industry
The global welding product market is expected to grow at a CAGR of 4.5% until 2020. The market is expected to touch $23.8 billion by the end of 2020.
How Much Will Komatsu Pay Joy Global’s Shareholders?
Komatsu, Japan-based construction equipment maker, will pay $28.30 per share in cash to acquire Milwaukee-based Joy Global. The deal is worth ~$3.7 billion.
Understanding Joy Global’s Dividend Policy in Fiscal 3Q16
In fiscal 2015, JOY paid around $78 million in dividends to shareholders, but on December 16, 2015, JOY announced a cut in its quarterly dividend.
What Does Joy Global’s Fiscal 2016 Debt Obligation Tell Us?
As of April 29, 2016, Joy Global’s had more than $1.3 billion in debt (long-term debt plus short-term debt), compared to its equity of nearly $1.4 billion.
Behind Joy Global’s Latest SEC Filing: Key Highlights
If the proposed merger with Komatsu is completed, JOY’s common stock will be delisted from the NYSE. JOY expects the merger to be completed in mid-2017.
Why Flowserve Reduced Its Earnings Guidance after 2Q16
For 2016, analysts expect Flowserve (FLS) to report revenue of ~$4.0 billion, ~10% lower than its 2015 revenue of $4.5 billion.
What Do Analysts Recommend for General Electric after 2Q16?
Barclays gave an “overweight” rating to General Electric’s (GE) stock, with a target price of $34 on July 22. The target price implies a potential rise of 6.0% over July 22’s closing price of $32.06 per share.
A Glance at Flowserve’s Primary Working Capital after 2Q16
In the current volatile global scenario, Flowserve’s (FLS) 2Q16 revenue and net profit have risen by 11% and 28%, respectively, year-over-year.
Alstom’s Contribution to General Electric’s 2Q16 Earnings
General Electric (GE) expects Alstom’s expertise will be handy in gaining an edge in combined cycle gas plants, which typically employ gas turbines as well as steam turbines.
The Impact of the General Electric Appliances–Haier Deal
General Electric’s (GE) Appliances & Lighting business generated 5.8% of GE’s revenues in 2Q16 but accounted for only 2.3% of profit.
GE in 2Q16: Power, Aviation, and Healthcare Segments Outperformed
General Electric’s (GE) 2Q16 revenues came in at $33.4 billion, compared to analysts’ estimate of $31.8 billion.
Why Carl Icahn Wants a 100% Stake in Federal-Mogul Holdings
Icahn Enterprises (IEP) has been invested in auto parts maker Federal-Mogul Holdings (FDML) for almost a decade. Carl Icahn currently owns 82% of the company.
What Do Analysts Recommend for FLS ahead of Its 2Q16 Earnings?
Of the 21 analysts surveyed by Bloomberg, three gave Flowserve (FLS) “buy” ratings, 15 gave it “hold” ratings, and three gave it “sell” ratings.
How Will Brexit Affect Flowserve?
Brent crude oil (USO) fell by nearly 5% to $48.4 per barrel on June 24, 2016. The fall happened after the results of the Brexit vote were announced.
What Analysts Are Recommending for GE before Its 2Q16 Results
General Electric (GE) has a Wall Street analyst consensus rating of “buy.” Of the 20 analysts surveyed by Bloomberg, 11 gave the company “buy” ratings.
A Glance at GE’s Balance Sheet: Debt Profile and Liquidity
At first glance, one might wonder about the sudden rise in General Electric’s (GE) Industrial plus Verticals debt-to-equity in the last two quarters.
General Electric’s Q1 Results and What You Can Expect for Q2
General Electric’s (GE) stock price has fallen 5.3% since April 1 as of June 24. On June 24, the company’s stock was trading at $29.82.
Can Lincoln Electric Increase Its Dividend Payouts in Fiscal 2016?
For fiscal 2016, Lincoln Electric is targeting $400 million of share repurchases while $399 million was achieved in fiscal 2015.
ROP’s Second-Largest Segment: Radio Frequency Technology
In 2015, ROP’s Radio Frequency Technology segment contributed ~28.9% to its total consolidated revenue and ~30.4% to its consolidated operating profit
How Big Is General Electric’s Capital Segment?
GE Capital is the financial services unit of the American conglomerate General Electric (GE). It contributed ~9% to GE’s total consolidated revenue in 2015.
Roper Technologies: Recent Acquisitions That Count
Since its inception, Roper Technologies (ROP) has followed an acquisition-based growth strategy. The company has acquired over 50 companies since 1981.
What Is Roper Technologies All About?
Roper Technologies conducts its operations through four business segments based on product type.
What Risks Does Roper Technologies Face?
Roper Technologies’ growth strategy includes acquisitions. Its growth largely depends on its ability to acquire and successfully integrate new businesses.
General Electric’s Q2: What Analysts Recommend ahead of Earnings
General Electric (GE) has a Wall Street analyst consensus rating of “buy.” Of 20 analysts surveyed by Bloomberg, 11 gave the company a “buy” rating while nine gave it “hold” rating.
Is General Electric Attractively Valued?
As a large industrial conglomerate, GE’s performance relates to the performance of the macroeconomy. So you could say it’s cyclical in nature.
Understanding Roper Technologies’ Business Transformation
Roper Technologies’ Industrial Technology segment’s revenue stood at 21% of its sales in 2015. This segment’s revenue was 41% of its sales in 2014.
Will General Electric Maintain Guidance for Fiscal 2016 after Q2?
General Electric (GE) is scheduled to release its 2Q16 earnings on July 22. The release will contain key financial and operating metrics from April 1 through June 30.
Why Flowserve Is Consolidating Its Manufacturing Facilities
Since 2014, Flowserve has been focusing extensively on expense control mechanisms. The company has realigned its portfolio of businesses.
Understanding Flowserve’s Operations
Flowserve’s operating segments have a lot of common customers. This helps the company to offer combined products and technologies.
Why Do Customers Buy Flowserve’s Products?
After 4Q15, FLS reported that it controlled a market share of 4% of the $130-billion pump, valve, and seal market in 2015.
Did Joy Global’s Operating Cash Flow Really Improve in Fiscal 2Q16?
Despite the operating loss of $9.8 million it saw in fiscal 2Q16, Joy Global reported cash generation from continuing operations totaling $44 million.
Icahn Enterprises: Which Segments Were Its Major Earners in 1Q16?
Each of Icahn Enterprises’ ten operating segments has an impact on IEP’s revenues, growth, and profitability.
How Icahn Enterprises Turned Its Home Fashion Segment Around
Icahn Enterprises (IEP) conducts its Home Fashion business through its indirect wholly owned subsidiary, WestPoint Home.
Why Icahn Acquired a Controlling Stake in Ferrous Resources
In this series, we’ll look at Icahn Enterprises’ (IEP) Mining, Railcar, Home Fashion, Food Packaging, and Gaming segments. We’ll also discuss the factors that led to Icahn’s high dividend yield and its major risks.
Icahn’s Automotive Segment: Biggest Revenue Contributor in 1Q16
In 1Q16, Icahn Enterprises’ (IEP) automotive segment was the largest contributor to the company’s overall revenue.
A Look at Icahn Enterprises’ Business Model
Icahn Enterprises’ investment strategy involves identifying and purchasing undervalued businesses and assets at distressed prices.
The Brass Tacks of the Ingersoll Rand-Hussmann Deal
Ingersoll Rand has agreed to sell its remaining equity interest of 40% in Hussmann to Panasonic. Panasonic will buy 100% shares according to the agreement.
General Electric’s Order Backlog Was at $316 Billion in 1Q16
General Electric’s total new orders during 1Q16 came in at $23.5 billion as of March 31, 2016.
What Transformation Means to Lincoln Electric
To simplify its organizational complexity and drive efficiencies, Lincoln Electric has undergone a transformation toward a new organizational structure.
Has Lincoln Electric Outperformed Its Peers?
For fiscal 2015, Lincoln Electric (LECO) successfully gave back $486 million to its shareholders.
Why Did Lincoln Electric’s Debt Surge 200% in 2015?
Lincoln Electric (LECO) has been successful in keeping a low debt-to-equity ratio. This shows the company is using less leverage and has a strong equity position.
Lincoln’s New Organizational Structure and Operational Efficiency
To simplify organizational complexity and drive efficiencies, Lincoln Electric (LECO) is undergoing a transformation toward a new organizational structure.
What Is the Market Outlook for Underground Mining Equipment?
The global underground mining industry is expected to grow at a compound annual growth rate of approximately 7% from 2015 to 2019.
What Is Helping Lincoln Electrics Post an Impressive ROIC??
Lincoln Electric (LECO) historically has been able to generate return on invested capital (or ROIC) in the mid-teens.
What Are the Major Risks Faced by Lincoln Electric?
The revival of global growth is of the utmost importance to Lincoln Electric. The company’s revenue declined by 1% in 2014 while it further deteriorated by 10% in 2015.
Volume, Raw Material Prices Impact Lincoln’s Harris Welding Segment
In fiscal 2015, Lincoln Electric’s (LECO) Harris Product Welding segment contributed approximately 10% to its total revenue, with 7% to its consolidated operating profit.
A Quick Look at Joy Global’s History and Operations
Joy Global operates in two business segments, namely its Underground Mining Machinery and Surface Mining Equipment segments.
Ingersoll Rand’s Position in the Global HVAC Industry
Ingersoll Rand (IR) has been making air compressors for more than 150 years. The company claims to be technologically advanced and a leader in the field.
Ingersoll Rand Hopes to Help the Planet in the Long Term
Ingersoll Rand’s (IR) mission is help solve some of the world’s most pressing challenges, including the unsustainable demand for energy resources and the impact on greenhouse gas emissions.
Why General Electric Is Focusing on Industrials?
Originally incorporated in 1892, General Electric is one of the largest and most diversified industrials and financial services corporations in the world.
A Glance at General Electric’s Balance Sheet
As of September 30, 2015, GE’s industrial plus verticals had a much cleaner balance sheet than consolidated GE in 3Q15. The segment had $20.7 billion in debt against equity of $111.7 billion.
What Do Wall Street Analysts Think of GE?
Of 20 analysts surveyed by Bloomberg, 12 gave GE a “buy” rating, while eight gave it a “hold” and none gave it a “sell” rating.