Latest news with #VIDAR
Yahoo
2 days ago
- Business
- Yahoo
5 Revealing Analyst Questions From ITT's Q1 Earnings Call
ITT's first quarter saw a positive market response, as the company delivered flat sales of $913 million—exceeding Wall Street revenue expectations by a small margin. Management attributed stable performance to strong order momentum, especially in the Industrial Process segment and recent acquisitions. CEO Luca Savi highlighted that orders grew 7% overall, with notable contributions from the kSARIA and Svanehøj acquisitions, driving a record backlog. Despite headwinds from lower volumes in auto and aerospace and currency effects, Savi credited 'shop floor productivity and price' for supporting margins and noted record free cash flow in the quarter. Is now the time to buy ITT? Find out in our full research report (it's free). Revenue: $913 million vs analyst estimates of $907.8 million (flat year on year, 0.6% beat) Adjusted EPS: $1.45 vs analyst estimates of $1.44 (0.8% beat) Adjusted EBITDA: $196.5 million vs analyst estimates of $193.4 million (21.5% margin, 1.6% beat) Management reiterated its full-year Adjusted EPS guidance of $6.30 at the midpoint Operating Margin: 16.5%, in line with the same quarter last year Organic Revenue was flat year on year (9.5% in the same quarter last year) Market Capitalization: $12.18 billion While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Scott Davis (Melius Research) asked if the surge in orders reflected pre-buying ahead of price increases. CEO Luca Savi replied that order growth was driven by long-term project wins and market share gains, not purchasing acceleration. Mike Halloran (Baird) questioned how much pricing and FX contributed to updated guidance. CFO Emmanuel Caprais detailed that minor positive impacts from FX and share count were offset by higher tax rates and inflation, with acquisitions performing better than initially expected. Vlad Bystricky (Citigroup) inquired about risk to Saudi project spending amid oil price declines. Savi said customer tone remains positive, with orders in oil and gas continuing to grow and market share gains offsetting external risks. Jeff Hammond (KeyBanc Capital Markets) pressed on the company's ability to pass through tariff costs and the sourcing strategy. Savi explained that dual sourcing and price increases, especially on non-USMCA products, would mitigate tariff impacts without affecting EPS guidance. Joe Ritchie (Goldman Sachs) asked about VIDAR's sales strategy and cross-selling potential. Savi clarified VIDAR operates as a separate business with its own sales force, though some sales incentives could leverage existing pump business relationships. Looking ahead, the StockStory team will be monitoring (1) the pace at which VIDAR gains commercial traction and contributes to revenue, (2) the successful conversion of record project backlog into realized sales, and (3) the effectiveness of pricing and sourcing actions in offsetting tariff pressures. Progress on M&A execution and further innovation announcements will also be important milestones. ITT currently trades at $154.78, up from $137.09 just before the earnings. At this price, is it a buy or sell? See for yourself in our full research report (it's free). Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+354% five-year return). Find your next big winner with StockStory today.
Yahoo
4 days ago
- Business
- Yahoo
LUMIBIRD PHOTONICS SWEDEN SECURES MAJOR NAVAL CONTRACT FOR VIDAR RANGEFINDERS WITH SAAB AND DALO
Lannion, 24 June 2025 - 5.45pm LUMIBIRD PHOTONICS SWEDEN SECURES MAJOR NAVAL CONTRACT FOR VIDAR RANGEFINDERS WITH SAAB AND DALO The Lumibird Group (FR0000038242 - LBIRD), European leader in laser technologies, announces that its subsidiary Lumibird Photonics Sweden AB has been awarded a new contract by Saab to supply 57 VIDAR laser rangefinders to the Danish Defence Acquisition and Logistics Organisation (DALO). These systems will be integrated into naval fire control systems (CEROS) deployed on Royal Danish Navy frigates. This new order follows closely on the heels of a recent contract awarded by Rheinmetall Air Defence for the integration of VIDAR into the Skyranger 30 mobile air defence platform. With these two strategic contracts secured within just a few months, Lumibird demonstrates the growing adoption of VIDAR as a European standard for laser rangefinding in both land and maritime domains. 'This order is an important milestone in our strategic partnership with Saab and underlines our growing role in the European defence ecosystem,' says Carina Harnesk, CEO of Lumibird Photonics Sweden. 'We see strong potential for future orders from additional users with similar operational needs.' Designed and manufactured in Gothenburg, Sweden, the VIDAR rangefinder is based on diode-pumped erbium-glass laser technology, delivering compactness, eye safety, and high performance in the harshest operational environments. Already in service in various land-based and airborne systems, its integration into naval platforms highlights its adaptability and robustness. 'This new success with Saab confirms the versatility and technical maturity of our VIDAR rangefinder,' said Marc LE Flohic, CEO of the Lumibird Group. 'We are proud to see our technology equipping NATO vessels and supporting the Danish Ministry of Defence in its mission to ensure maritime security.' Deliveries of the 57 VIDAR units are scheduled between 2025 and 2026. This contract further strengthens Lumibird's positioning in Europe's defence ecosystem and confirms its ability to deliver sovereign, high-performance photonics solutions to top-tier defence partners. Next information: Half-year revenues, 28/07/2025 after close of trading LUMIBIRD is one of the world's leading laser specialists. With over 50 years' experience and expertise in solid-state, diode and fibre laser technologies, the Group designs, manufactures and distributes high-performance laser solutions via two divisions: Photonics and Medical. The Photonics Division designs and produces components, lasers and systems for the defence and space, environment, surveying and security, industrial and scientific, and medtech markets. The Medical branch designs and produces medical diagnostic and treatment systems for result of the October 2017 merger between the Keopsys and Quantel Groups, LUMIBIRD, with more than 1,000 employees and €207.1m in sales in 2024, is present in Europe, America and shares are listed in compartment B of Euronext Paris. FR0000038242 - LBIRD has been a member of Euronext since 2022. Contacts LUMIBIRDMarc Le FlohicChairman and Chief Executive OfficerTel. +33(0) 1 69 29 17 00info@ LUMIBIRDSonia Chief Financial and Transformation OfficerTel. +33(0) 1 69 29 17 00info@ CalyptusMathieu CalleuxInvestor RelationsTel. +33(0) 1 53 65 37 91lumibird@ Attachment 250624_Lumibird_DALO_ENError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
- Yahoo
LUMIBIRD PHOTONICS SWEDEN SECURES MAJOR NAVAL CONTRACT FOR VIDAR RANGEFINDERS WITH SAAB AND DALO
Lannion, 24 June 2025 - 5.45pm LUMIBIRD PHOTONICS SWEDEN SECURES MAJOR NAVAL CONTRACT FOR VIDAR RANGEFINDERS WITH SAAB AND DALO The Lumibird Group (FR0000038242 - LBIRD), European leader in laser technologies, announces that its subsidiary Lumibird Photonics Sweden AB has been awarded a new contract by Saab to supply 57 VIDAR laser rangefinders to the Danish Defence Acquisition and Logistics Organisation (DALO). These systems will be integrated into naval fire control systems (CEROS) deployed on Royal Danish Navy frigates. This new order follows closely on the heels of a recent contract awarded by Rheinmetall Air Defence for the integration of VIDAR into the Skyranger 30 mobile air defence platform. With these two strategic contracts secured within just a few months, Lumibird demonstrates the growing adoption of VIDAR as a European standard for laser rangefinding in both land and maritime domains. 'This order is an important milestone in our strategic partnership with Saab and underlines our growing role in the European defence ecosystem,' says Carina Harnesk, CEO of Lumibird Photonics Sweden. 'We see strong potential for future orders from additional users with similar operational needs.' Designed and manufactured in Gothenburg, Sweden, the VIDAR rangefinder is based on diode-pumped erbium-glass laser technology, delivering compactness, eye safety, and high performance in the harshest operational environments. Already in service in various land-based and airborne systems, its integration into naval platforms highlights its adaptability and robustness. 'This new success with Saab confirms the versatility and technical maturity of our VIDAR rangefinder,' said Marc LE Flohic, CEO of the Lumibird Group. 'We are proud to see our technology equipping NATO vessels and supporting the Danish Ministry of Defence in its mission to ensure maritime security.' Deliveries of the 57 VIDAR units are scheduled between 2025 and 2026. This contract further strengthens Lumibird's positioning in Europe's defence ecosystem and confirms its ability to deliver sovereign, high-performance photonics solutions to top-tier defence partners. Next information: Half-year revenues, 28/07/2025 after close of trading LUMIBIRD is one of the world's leading laser specialists. With over 50 years' experience and expertise in solid-state, diode and fibre laser technologies, the Group designs, manufactures and distributes high-performance laser solutions via two divisions: Photonics and Medical. The Photonics Division designs and produces components, lasers and systems for the defence and space, environment, surveying and security, industrial and scientific, and medtech markets. The Medical branch designs and produces medical diagnostic and treatment systems for result of the October 2017 merger between the Keopsys and Quantel Groups, LUMIBIRD, with more than 1,000 employees and €207.1m in sales in 2024, is present in Europe, America and shares are listed in compartment B of Euronext Paris. FR0000038242 - LBIRD has been a member of Euronext since 2022. Contacts LUMIBIRDMarc Le FlohicChairman and Chief Executive OfficerTel. +33(0) 1 69 29 17 00info@ LUMIBIRDSonia Chief Financial and Transformation OfficerTel. +33(0) 1 69 29 17 00info@ CalyptusMathieu CalleuxInvestor RelationsTel. +33(0) 1 53 65 37 91lumibird@ Attachment 250624_Lumibird_DALO_ENError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
20-06-2025
- Business
- Yahoo
ITT to Showcase Revolutionary Industrial Motor at VIDAR Unveiled Launch Event and Deliver Keynote Presentation at Downstream USA 2025
STAMFORD, Conn., June 20, 2025--(BUSINESS WIRE)--June 20, 2025-- ITT Inc. (NYSE: ITT) today announced that business leaders from the company will present VIDAR, a revolutionary compact motor that combines embedded variable speed intelligence with advanced energy efficiency and reliability for industrial pumps and fans, at two landmark events next week. On June 24, ITT will host the VIDAR Unveiled event in Houston to formally launch VIDAR to customers and partners. The event will be highlighted by presentations from Senior Vice President, Chief Strategy Officer and President, Industrial Process Bartek Makowiecki and Vice President and VIDAR General Manager Dan Kernan. The event will also include interactive experience stations demonstrating VIDAR's game-changing capabilities. On June 25 at 9:40 a.m. CT, Kernan will deliver a keynote presentation at Downstream USA 2025 on the topic of "Unlocking Hidden Energy, Reliability and ROI in Every Pump and Fan." Downstream USA, organized by Reuters Events and held at the George R. Brown Convention Center in Houston, is North America's leading downstream conference with more than 3,000 petrochemical, chemical and EPC attendees. VIDAR solves a problem endemic to the global flow industry: wasted energy. Each year, roughly $300 billion is spent globally to move fluids for critical applications. However, approximately 85% of industrial pumps and fans rely on outdated fixed speed motors and mechanical controls, resulting in excess energy usage. VIDAR, an industrial motor with advanced variable frequency technology in a package 60% smaller than current market solutions, ensures that rotating equipment runs at desired flow rates while reducing energy and maintenance costs for operators. "VIDAR is more than just a motor; it's a compact powerhouse that replaces traditional motors and variable frequency drives and fits seamlessly into existing footprints. In one field trial, deploying VIDAR on a single pump reduced energy usage by over 50% and saved the customer roughly $20,000. VIDAR is another example of ITT's differentiation through innovation, with a game changing technology. Both VIDAR Unveiled and Downstream USA 2025 are the next opportunities for customers and partners to experience firsthand how VIDAR reduces energy waste and lowers costs in critical downstream and chemical applications," said Kernan. About VIDAR VIDAR is an innovative leader in the design and manufacturing of advanced energy-efficient motors for industrial fluid delivery systems. Specializing in the integration of variable-speed intelligence directly into motor technology, VIDAR provides sustainable solutions that significantly reduce energy consumption and operational costs. Committed to transforming industrial performance, VIDAR motors offer enhanced efficiency, reliability, and space-saving design. Headquartered in Syracuse, New York, VIDAR currently serves industries across North America and is actively expanding its platform to drive energy savings and advance environmental sustainability on a global scale. For more information about VIDAR, please visit About ITT ITT is a diversified leading manufacturer of highly engineered critical components and customized technology solutions for the transportation, industrial, and energy markets. Building on its heritage of innovation, ITT partners with its customers to deliver enduring solutions to the key industries that underpin our modern way of life. ITT is headquartered in Stamford, Connecticut, with employees in more than 35 countries and sales in approximately 125 countries. For more information, visit ITT-E View source version on Contacts Media: Phil Terrigno+1 Investors: Mark Macaluso+1
Business Wire
20-06-2025
- Automotive
- Business Wire
ITT to Showcase Revolutionary Industrial Motor at VIDAR Unveiled Launch Event and Deliver Keynote Presentation at Downstream USA 2025
STAMFORD, Conn.--(BUSINESS WIRE)-- ITT) today announced that business leaders from the company will present VIDAR, a revolutionary compact motor that combines embedded variable speed intelligence with advanced energy efficiency and reliability for industrial pumps and fans, at two landmark events next week. On June 24, ITT will host the VIDAR Unveiled event in Houston to formally launch VIDAR to customers and partners. The event will be highlighted by presentations from Senior Vice President, Chief Strategy Officer and President, Industrial Process Bartek Makowiecki and Vice President and VIDAR General Manager Dan Kernan. The event will also include interactive experience stations demonstrating VIDAR's game-changing capabilities. On June 25 at 9:40 a.m. CT, Kernan will deliver a keynote presentation at Downstream USA 2025 on the topic of 'Unlocking Hidden Energy, Reliability and ROI in Every Pump and Fan.' Downstream USA, organized by Reuters Events and held at the George R. Brown Convention Center in Houston, is North America's leading downstream conference with more than 3,000 petrochemical, chemical and EPC attendees. VIDAR solves a problem endemic to the global flow industry: wasted energy. Each year, roughly $300 billion is spent globally to move fluids for critical applications. However, approximately 85% of industrial pumps and fans rely on outdated fixed speed motors and mechanical controls, resulting in excess energy usage. VIDAR, an industrial motor with advanced variable frequency technology in a package 60% smaller than current market solutions, ensures that rotating equipment runs at desired flow rates while reducing energy and maintenance costs for operators. 'VIDAR is more than just a motor; it's a compact powerhouse that replaces traditional motors and variable frequency drives and fits seamlessly into existing footprints. In one field trial, deploying VIDAR on a single pump reduced energy usage by over 50% and saved the customer roughly $20,000. VIDAR is another example of ITT's differentiation through innovation, with a game changing technology. Both VIDAR Unveiled and Downstream USA 2025 are the next opportunities for customers and partners to experience firsthand how VIDAR reduces energy waste and lowers costs in critical downstream and chemical applications,' said Kernan. About VIDAR VIDAR is an innovative leader in the design and manufacturing of advanced energy-efficient motors for industrial fluid delivery systems. Specializing in the integration of variable-speed intelligence directly into motor technology, VIDAR provides sustainable solutions that significantly reduce energy consumption and operational costs. Committed to transforming industrial performance, VIDAR motors offer enhanced efficiency, reliability, and space-saving design. Headquartered in Syracuse, New York, VIDAR currently serves industries across North America and is actively expanding its platform to drive energy savings and advance environmental sustainability on a global scale. For more information about VIDAR, please visit About ITT ITT is a diversified leading manufacturer of highly engineered critical components and customized technology solutions for the transportation, industrial, and energy markets. Building on its heritage of innovation, ITT partners with its customers to deliver enduring solutions to the key industries that underpin our modern way of life. ITT is headquartered in Stamford, Connecticut, with employees in more than 35 countries and sales in approximately 125 countries. For more information, visit ITT-E
