Wrapping up Q4 earnings, we look at the numbers and key takeaways for the general industrial machinery stocks, including GE Aerospace (NYSE: GE) and its peers.
Automation that increases efficiency and connected equipment that collects analyzable data have been trending, creating new demand for general industrial machinery companies. Those who innovate and create digitized solutions can spur sales and speed up replacement cycles, but all general industrial machinery companies are still at the whim of economic cycles. Consumer spending and interest rates, for example, can greatly impact the industrial production that drives demand for these companies’ offerings.
The 14 general industrial machinery stocks we track reported a slower Q4. As a group, revenues beat analysts’ consensus estimates by 2.6% while next quarter’s revenue guidance was 2.5% below.
Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 8.9% since the latest earnings results.
Best Q4: GE Aerospace (NYSE: GE)
One of the original 12 companies on the Dow Jones Industrial Average, General Electric (NYSE: GE) is a multinational conglomerate providing technologies for various sectors including aviation, power, renewable energy, and healthcare.
GE Aerospace reported revenues of $10.81 billion, up 14.3% year on year. This print exceeded analysts’ expectations by 13.7%. Overall, it was a stunning quarter for the company with an impressive beat of analysts’ EPS estimates and a solid beat of analysts’ EBITDA estimates.
GE Aerospace scored the fastest revenue growth of the whole group. The stock is up 9% since reporting and currently trades at $205.24.
Luxfer (NYSE: LXFR)
With its magnesium alloys used in the construction of the famous Spirit of St. Louis aircraft, Luxfer (NYSE: LXFR) offers specialized materials, components, and gas containment devices to various industries.
Luxfer reported revenues of $103.4 million, up 7.8% year on year, outperforming analysts’ expectations by 15.5%. The business had a very strong quarter with an impressive beat of analysts’ EPS estimates and a solid beat of analysts’ EBITDA estimates.
Luxfer scored the biggest analyst estimates beat among its peers. Although it had a fine quarter compared to its peers, the market seems unhappy with the results as the stock is down 15.3% since reporting. It currently trades at $11.68.
Is now the time to buy Luxfer? Access our full analysis of the earnings results here, it’s free.
Weakest Q4: Columbus McKinnon (NASDAQ: CMCO)
With 19 different brands across the globe, Columbus McKinnon (NASDAQ: CMCO) offers material handling equipment for the construction, manufacturing, and transportation industries.
Columbus McKinnon reported revenues of $234.1 million, down 7.9% year on year, falling short of analysts’ expectations by 7%. It was a disappointing quarter as it posted a significant miss of analysts’ EBITDA and EPS estimates.
Columbus McKinnon delivered the weakest performance against analyst estimates in the group. As expected, the stock is down 49.5% since the results and currently trades at $17.93.
Read our full analysis of Columbus McKinnon’s results here.
Crane (NYSE: CR)
Based in Connecticut, Crane (NYSE: CR) is a diversified manufacturer of engineered industrial products, including fluid handling, and aerospace technologies.
Crane reported revenues of $544.1 million, up 12.3% year on year. This result topped analysts’ expectations by 1.2%. Taking a step back, it was a satisfactory quarter as it also produced an impressive beat of analysts’ organic revenue estimates but full-year EPS guidance missing analysts’ expectations.
The stock is flat since reporting and currently trades at $155.14.
Read our full, actionable report on Crane here, it’s free.
Otis (NYSE: OTIS)
Credited with inventing the first hydraulic passenger elevator, Otis Worldwide (NYSE: OTIS) is an elevator and escalator manufacturing, installation and service company.
Otis reported revenues of $3.68 billion, up 1.5% year on year. This print beat analysts’ expectations by 1%. Zooming out, it was a slower quarter as it logged a miss of analysts’ adjusted operating income estimates and full-year revenue guidance missing analysts’ expectations.
Otis achieved the highest full-year guidance raise among its peers. The stock is up 6.7% since reporting and currently trades at $102.28.
Read our full, actionable report on Otis here, it’s free.
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