Lincoln Electric has followed the market’s trajectory closely. The stock is down 5.5% to $183.04 per share over the past six months while the S&P 500 has lost 6.9%. This might have investors contemplating their next move.
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 professional tools and equipment stocks fared in Q4, starting with Middleby (NASDAQ:MIDD).
Softness in the manufacturing sector, a slowdown in new orders, and the lingering effects of supply-chain issues have impacted the manufacturing tools industry. However, here are some stocks in the space to keep an eye on despite these challenges.
As the Q4 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the professional tools and equipment industry, including Lincoln Electric (NASDAQ:LECO) and its peers.
Whether you see them or not, industrials businesses play a crucial part in our daily activities. Still, their generally high capital requirements expose them to the ups and downs of economic cycles, and the market seems to be baking in a prolonged downturn
as the industry has shed 1.7% over the past six months. This drawdown was discouraging since the S&P 500 returned 5.3%.
Looking back on professional tools and equipment stocks’ Q4 earnings, we examine this quarter’s best and worst performers, including Nordson (NASDAQ:NDSN) and its peers.
Earnings results often indicate what direction a company will take in the months ahead. With Q4 behind us, let’s have a look at Hyster-Yale Materials Handling (NYSE:HY) and its peers.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how ESAB (NYSE:ESAB) and the rest of the professional tools and equipment stocks fared in Q4.
Lift truck and material handling solutions manufacturer Hyster-Yale Materials Handling (NYSE:HY)
will be reporting results tomorrow after market hours. Here’s what to look for.
The Cleveland, Ohio-based company reported fourth-quarter adjusted earnings of $146 million, or $2.57 per share, compared with the average analysts’ estimate of $1.99 per share.
Welding equipment manufacturer Lincoln Electric (NASDAQ:LECO) beat Wall Street’s revenue expectations in Q4 CY2024, but sales fell by 3.4% year on year to $1.02 billion. Its non-GAAP profit of $2.57 per share was 28.9% above analysts’ consensus estimates.
Wall Street climbed on Thursday, even as the Producer Price Index (PPI) sharply exceeded estimates in January, reigniting concerns over persistent inflationary pressures.
Welding equipment manufacturer Lincoln Electric (NASDAQ:LECO)
will be announcing earnings results tomorrow before market open. Here’s what you need to know.
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 professional tools and equipment stocks fared in Q3, starting with Stanley Black & Decker (NYSE:SWK).
Lincoln Electric has been treading water for the past six months, holding steady at $187.01. The stock also fell short of the S&P 500’s 9.9% gain during that period.
