Professional Tools Stocks Post Strong Q2 Earnings

Earnings
โดย Yahoo Finance·US·Read original
Summary · why it matters

Professional tools and equipment stocks reported a very strong second quarter, with the eight companies tracked beating analysts' revenue consensus estimates by 1.8% and next quarter's revenue guidance coming in 14.3% above expectations. Stanley Black & Decker reported revenues of $3.96 billion, flat year over year and in line with expectations, while beating EPS and EBITDA estimates. Kennametal delivered the fastest revenue growth, up 42.6% year over year to $736.6 million, and raised full-year guidance the most. Lincoln Electric posted revenues of $1.22 billion, up 12% year over year, but missed organic revenue estimates. Hyster-Yale Materials Handling saw revenues decline 15% year over year to $812.9 million, the slowest growth among peers, while Hillman grew revenues 9.8% to $442.3 million and beat full-year revenue and EBITDA guidance.

Impact on stocks 5

Industrials± Mixed · 3 stocks
Fusion Energy▲ · 1 stocks
Kennametal Inc
KMT
▲ PositiveCapitalrelevance

Kennametal delivered fastest revenue growth up 42.6% and raised full-year guidance the most.

Robotics & Physical AI▲ · 1 stocks
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