Latest news with #industrialequipment
Yahoo
22-07-2025
- Business
- Yahoo
Global Industrial Company to Report Second Quarter 2025 Results on July 29, 2025
PORT WASHINGTON, NY / / July 22, 2025 / Global Industrial Company (NYSE:GIC), a value-added national distributor of industrial equipment and supplies, today announced that it will release financial results for the second quarter ended June 30, 2025, on Tuesday, July 29, 2025, after U.S. market hours. Management will host a conference call and question and answer session on the Company's results at 5:00 p.m. Eastern Time on July 29th. To access the call, please dial (412)-317-6347 five minutes prior to the start time. The call will also be available via webcast on the Company's website at If you are unable to listen to the call at its scheduled time, the webcast will be archived for approximately 90 days. About Global Industrial CompanyGlobal Industrial Company (NYSE:GIC), through its operating subsidiaries, is a value-added distributor and source for industrial equipment and supplies. Leveraging over 75 years of experience, Global Industrial specializes in providing MRO solutions to businesses ranging from small to enterprise, and to the public sector. Global Industrial is committed to its customer-centric strategy and uses industry expertise, products from its Global Industrial Exclusive BrandsTM, and nationally known brands to provide customers with a breadth of offerings to meet their needs. At Global Industrial, "We Can Supply That®". Investor/Media Contact: Mike Smargiassi/Collin DreizenThe Plunkett Group212-739-6729mike@ / collin@ SOURCE: Global Industrial Company View the original press release on ACCESS Newswire Error 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
Associated Press
03-07-2025
- Business
- Associated Press
NIPPON KINZOKU: Welded Drawn Pipe Surpassing Seamless Pipes; Introducing the 'FINE PIPE' Series
TOKYO--(BUSINESS WIRE)--Jul 2, 2025-- NIPPON KINZOKU CO., LTD. (Headquarters: Minato-ku, Tokyo) has commercialized 'FINE PIPE' *1, a welded drawn pipe that surpasses 'seamless pipe' by using carefully selected materials and unique processing technologies (welding, drawing, annealing) only available from a raw material manufacturer. These products meet the growing demand for higher precision in small-diameter pipe manufacturing, and we have received many inquiries, leading to increased orders for the 'FINE PIPE' series. This press release features multimedia. View the full release here: Our 'FINE PIPE' is eco-friendly, high quality, and low cost, and is used in various fields such as automotive parts, measuring instruments, and industrial equipment to meet the high precision and high quality requirements of our customers. In light of the recent demand for enhanced performance and speed in analytical and medical equipment, we have developed 'High-precision inner surface' small-diameter pipes and 'FINE PEEK-ST', a small-diameter composite tube made of stainless steel and PEEK resin, based on our proprietary technology in 'FINE PIPE'. Notes: Refer to *1 for manufacturing range and steel grades handled. Notes: Refer to *2 for manufacturing range and steel grades handled. Notes: Refer to *3 for manufacturing range and steel grades handled. *1 *2 *3 View source version on CONTACT: Production Process & Support Dept. NIPPON KINZOKU CO., LTD. E-mail:[email protected] KEYWORD: JAPAN ASIA PACIFIC INDUSTRY KEYWORD: MACHINE TOOLS, METALWORKING & METALLURGY ENGINEERING CHEMICALS/PLASTICS AUTOMOTIVE MANUFACTURING MANUFACTURING STEEL SOURCE: NIPPON KINZOKU CO., LTD. Copyright Business Wire 2025. PUB: 07/02/2025 11:01 PM/DISC: 07/02/2025 11:01 PM
Yahoo
19-06-2025
- Business
- Yahoo
Q1 Earnings Highs And Lows: Hillman (NASDAQ:HLMN) Vs The Rest Of The Professional Tools and Equipment Stocks
Quarterly earnings results are a good time to check in on a company's progress, especially compared to its peers in the same sector. Today we are looking at Hillman (NASDAQ:HLMN) and the best and worst performers in the professional tools and equipment industry. Automation that increases efficiency and connected equipment that collects analyzable data have been trending, creating new demand. Some professional tools and equipment companies also provide software to accompany measurement or automated machinery, adding a stream of recurring revenues to their businesses. On the other hand, professional tools and equipment companies are 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 10 professional tools and equipment stocks we track reported a mixed Q1. As a group, revenues missed analysts' consensus estimates by 0.6% while next quarter's revenue guidance was 1.1% above. In light of this news, share prices of the companies have held steady as they are up 1.5% on average since the latest earnings results. Established when Max Hillman purchased a franchise operation, Hillman (NASDAQ:HLMN) designs, manufactures, and sells industrial equipment and systems for various sectors. Hillman reported revenues of $359.3 million, up 2.6% year on year. This print fell short of analysts' expectations by 0.5%, but it was still a strong quarter for the company with a solid beat of analysts' adjusted operating income estimates. "We got off to a good start during 2025, posting both top and bottom line growth which was driven by contributions from Intex DIY, which we acquired in August of 2024, and new business wins," commented Jon Michael Adinolfi, President and CEO of Hillman. Hillman delivered the weakest full-year guidance update of the whole group. The stock is down 12.1% since reporting and currently trades at $6.65. Is now the time to buy Hillman? Access our full analysis of the earnings results here, it's free. Having played a significant role in the construction of the iconic Sydney Opera House, ESAB (NYSE:ESAB) manufactures and sells welding and cutting equipment for numerous industries. ESAB reported revenues of $678.1 million, down 1.7% year on year, outperforming analysts' expectations by 2.2%. The business had a very strong quarter with a solid beat of analysts' EBITDA estimates. The market seems unhappy with the results as the stock is down 1.6% since reporting. It currently trades at $118.18. Is now the time to buy ESAB? Access our full analysis of the earnings results here, it's free. Founded in 1920, Snap-on (NYSE:SNA) is a global provider of tools, equipment, and diagnostics for various industries such as vehicle repair, aerospace, and the military. Snap-on reported revenues of $1.24 billion, down 3% year on year, falling short of analysts' expectations by 4.1%. It was a disappointing quarter as it posted a significant miss of analysts' adjusted operating income estimates. Snap-on delivered the weakest performance against analyst estimates in the group. As expected, the stock is down 7.6% since the results and currently trades at $306.82. Read our full analysis of Snap-on's results here. With an iconic 'STANLEY' logo which has remained virtually unchanged for over a century, Stanley Black & Decker (NYSE:SWK) is a manufacturer primarily catering to the tool and outdoor equipment industry. Stanley Black & Decker reported revenues of $3.74 billion, down 3.2% year on year. This print beat analysts' expectations by 1.7%. More broadly, it was a satisfactory quarter as it also logged an impressive beat of analysts' EPS estimates but a miss of analysts' adjusted operating income estimates. The stock is up 6.3% since reporting and currently trades at $65.01. Read our full, actionable report on Stanley Black & Decker here, it's free. Playing a significant role in the development of the hydraulic lift truck, Hyster-Yale (NYSE:HY) designs, manufactures, and sells materials handling equipment to various sectors. Hyster-Yale Materials Handling reported revenues of $910.4 million, down 13.8% year on year. This result lagged analysts' expectations by 3.9%. It was a disappointing quarter as it also produced a significant miss of analysts' EBITDA estimates and EPS estimates. Hyster-Yale Materials Handling had the slowest revenue growth among its peers. The stock is down 5% since reporting and currently trades at $38.52. Read our full, actionable report on Hyster-Yale Materials Handling here, it's free. In response to the Fed's rate hikes in 2022 and 2023, inflation has been gradually trending down from its post-pandemic peak, trending closer to the Fed's 2% target. Despite higher borrowing costs, the economy has avoided flashing recessionary signals. This is the much-desired soft landing that many investors hoped for. The recent rate cuts (0.5% in September and 0.25% in November 2024) have bolstered the stock market, making 2024 a strong year for equities. Donald Trump's presidential win in November sparked additional market gains, sending indices to record highs in the days following his victory. However, debates continue over possible tariffs and corporate tax adjustments, raising questions about economic stability in 2025. Want to invest in winners with rock-solid fundamentals? Check out our Top 5 Growth Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Error 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
16-06-2025
- Business
- Yahoo
Triton, Carlyle weigh bids for Germany's REMA Tip Top, sources say
By Emma-Victoria Farr and Andres Gonzalez FRANKFURT (Reuters) -Private equity funds, including Carlyle and Triton, are weighing bids for Germany-based industrial equipment maker REMA Tip Top, which is exploring a possible sale, three people familiar with the matter said. The family-owned maker of industrial conveyor belts is working with an adviser to explore its options, which include a sale, the sources said. The stake size on offer has not yet been decided, two of the sources said. The firm generated 1.4 billion euros of revenue in 2023, according to the company, putting its possible value north of 3 billion euros in any deal, for which formal talks could start after August, one of the sources said. The owners are considering bringing on external investors to grow the business, the person said. The sources spoke on condition of anonymity because the matter is private. Carlyle and Triton declined to comment. REMA Tip Top did not immediately return requests for comment. A sale would come amid a muted time for dealmaking after the revelation of U.S. tariffs in April put a halt on transactions. Germany's economy, heavily dependant on exporting to an increasingly volatile world, has been stagnating for years. A government borrowing splurge is in the works but it remains unclear whether that will help. The firm would be the latest family-owned company to come up for sale as a wave of business owners in Germany's so-called Mittelstand look to exit without successors. REMA was founded in 1923 by brothers Otto and Willy Gruber as part of the Stahlgruber Group, concentrating on providing basic materials and tools for industry and trade in the 1920s as a supplier in the German industrial landscape. The firm focuses on sustainable services in the field of conveyor and processing systems as well as tyre repair. Its business services are used in areas including the automotive industry, chemicals, energy, water treatment and pulp and paper. REMA Tip Top has more than 9,000 employees and 200 subsidiaries worldwide, it says on its website.
Reuters
16-06-2025
- Business
- Reuters
Triton, Carlyle weigh bids for Germany's REMA Tip Top, sources say
FRANKFURT, June 16 (Reuters) - Private equity funds, including Carlyle (CG.O), opens new tab and Triton, are weighing bids for Germany-based industrial equipment maker REMA Tip Top, which is exploring a possible sale, three people familiar with the matter said. The family-owned maker of industrial conveyor belts is working with an adviser to explore its options, which include a sale, the sources said. The stake size on offer has not yet been decided, two of the sources said. The firm generated 1.4 billion euros of revenue in 2023, according to the company, putting its possible value north of 3 billion euros in any deal, for which formal talks could start after August, one of the sources said. The owners are considering bringing on external investors to grow the business, the person said. The sources spoke on condition of anonymity because the matter is private. Carlyle and Triton declined to comment. REMA Tip Top did not immediately return requests for comment. A sale would come amid a muted time for dealmaking after the revelation of U.S. tariffs in April put a halt on transactions. Germany's economy, heavily dependant on exporting to an increasingly volatile world, has been stagnating for years. A government borrowing splurge is in the works but it remains unclear whether that will help. The firm would be the latest family-owned company to come up for sale as a wave of business owners in Germany's so-called Mittelstand look to exit without successors. REMA was founded in 1923 by brothers Otto and Willy Gruber as part of the Stahlgruber Group, concentrating on providing basic materials and tools for industry and trade in the 1920s as a supplier in the German industrial landscape. The firm focuses on sustainable services in the field of conveyor and processing systems as well as tyre repair. Its business services are used in areas including the automotive industry, chemicals, energy, water treatment and pulp and paper. REMA Tip Top has more than 9,000 employees and 200 subsidiaries worldwide, it says on its website.
