GM informed the union of temporary layoffs starting April 14 at CAMI Assembly. Workers will return in May for limited production, and thereafter, production will cease again, with operations idling until October 2025, Unifor said.
Looking back on gas and liquid handling stocks’ Q4 earnings, we examine this quarter’s best and worst performers, including Ingersoll Rand (NYSE:IR) and its peers.
Large-cap stocks are known for their staying power and ability to weather market storms better than smaller competitors.
However, their sheer size makes it more challenging to maintain high growth rates as they’ve already captured significant portions of their markets.
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 Standex (NYSE:SXI) and the rest of the gas and liquid handling stocks fared in Q4.
Over the last six months, Ingersoll Rand shares have sunk to $82.99, producing a disappointing 8.8% loss - worse than the S&P 500’s 1.1% drop. This may have investors wondering how to approach the situation.
Motion control and electronic systems manufacturer Helios Technologies (NYSE:HLIO)
will be announcing earnings results tomorrow after market close. Here’s what investors should know.
Shares of industrial manufacturing company Ingersoll Rand (NYSE:IR) fell 5.8% in the afternoon session after the company reported weak fourth-quarter results. Its organic revenue slightly missed and its revenue was in line with Wall Street's estimates. Looking ahead, guidance largely came in below expectations. Overall, this was a softer quarter.
According to Koyfin data, the industrial products firm reported quarterly revenue of $1.90 billion on Thursday, compared with analysts’ estimate of $1.91 billion.
Let's have a look at what is happening on the US markets in the middle of the day on Friday. Below you can find the top S&P500 gainers and losers in today's session.
Industrial manufacturing company Ingersoll Rand (NYSE:IR) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 4.2% year on year to $1.90 billion. Its non-GAAP profit of $0.84 per share was in line with analysts’ consensus estimates.
