Prospects For A 'U-Shaped' Recovery Have Hit Emerson Hard [Seeking Alpha]
Trane Technologies plc (TT)
Company Research
Source: Seeking Alpha
SummaryEmerson has underperformed other industrials as investors fear an extended, "U-shaped" recovery in markets like oil/gas and petrochemicals.Emerson is taking more costs out of the business and is still leveraged to trends like increased digitalization in process industries, as well as new opportunities in biopharma and food/beverage.These shares have some appeal if Emerson can manage a little better than 2% revenue growth over the next decade with modest improvements in FCF margins.Emerson ElectricEMRI don’t think Emerson will see a 2009-style recovery, but I do think many of these projects will eventually get done, and I think Emerson can benefit from other trends and drivers like increased automation in industries like food/beverage and healthcare/biopharma and increased digitalization of process industries. If Emerson can manage long-term growth of around 2%, these shares look priced to give investors a solid risk-adjusted return.On Balance, An Okay Quarter In A Challenging E
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News
- Wall Street's Insights Into Key Metrics Ahead of Trane Technologies (TT) Q1 Earnings [Yahoo! Finance]Yahoo! Finance
- Dover beats Q1 profit estimates on manufacturing activity strength [Reuters]Reuters
- Dover beats Q1 profit estimates on manufacturing activity strength [Yahoo! Finance]Yahoo! Finance
- Trane Technologies Recognized as One of Europe's Climate Leaders by Financial Times [Yahoo! Finance]Yahoo! Finance
- Trane Technologies Recognized as One of Europe’s Climate Leaders by Financial TimesBusiness Wire
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Earnings
- 2/1/24 - Beat
TT
Sec Filings
- 4/25/24 - Form ARS
- 4/25/24 - Form DEF
- 4/25/24 - Form DEFA14A
- TT's page on the SEC website