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SKF AB Class B (SKFRY)
OTHER OTC:SKFRY
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Earnings Data
Report Date
Jan 31, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.29Last Year’s EPS
0.35Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 25, 2018
|% Change Since: 7.60%
|Next Earnings Date:Jul 19, 2018
Earnings Call Sentiment|Neutral
The earnings call reflects a mixed sentiment. While SKF managed to maintain strong cash flow and improve its operating margin amid weak demand, it faced significant challenges with negative organic growth and underperformance in key geographies. The strategic portfolio transformation and robust aerospace business are positive highlights, but the continued challenges in China and the wind sector pose concerns.Company Guidance
During the Q3 2024 earnings call for SKF B.ST, the executives provided guidance reflecting resilience in a challenging market environment. Despite facing a negative organic growth of about 4%, the company effectively managed costs and maintained an adjusted operating margin just shy of 12%, which marked an improvement from the same quarter last year. Cash flow was robust at SEK 3.6 billion, slightly surpassing the previous year's figure. The geographical analysis revealed a small positive organic growth in India and Southeast Asia, while other regions faced negative growth, notably a near 9% decline in China and Northeast Asia. The industrial segment reported a 15% adjusted operating margin despite a 5% organic growth decline, and the automotive sector held a 5% margin amid a 4% organic decrease. Guidance for Q4 anticipates a mid-single-digit organic sales decline, with continued efforts in cost management and portfolio optimization to counteract market challenges.Strong Cash Flow
Cash flow in Q3 came in very strong at SEK 3.6 billion, slightly higher than the same quarter last year.
Improved Operating Margin
The company maintained its adjusted operating margin at 11.9%, up from 11.5% the previous year, despite negative organic growth.
Strategic Portfolio Transformation
SKF continued its strategic portfolio transformation with bolt-on acquisitions and divestments, including a deal with John Sample Group and a divestment of its Aerospace Hannover business.
Robust Aerospace Business
The aerospace segment remains a strong and growing business, representing about 9% of SKF's portfolio, with significant tailwinds post-COVID.
Strong Presence in EV Market
SKF maintains a strong position in the Chinese EV market, with continued demand for their ceramic bearings.
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SKFRY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SKFRY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $19.08 | $19.42 | +1.78% |
| Jul 18, 2024 | $20.39 | $19.54 | -4.17% |
| Apr 26, 2024 | $20.12 | $20.57 | +2.24% |
| Jan 31, 2024 | $18.45 | $19.46 | +5.47% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does SKF AB Class B (SKFRY) report earnings?
SKF AB Class B (SKFRY) is schdueled to report earning on Jan 31, 2025, TBA Not Confirmed.
What is SKF AB Class B (SKFRY) earnings time?
SKF AB Class B (SKFRY) earnings time is at Jan 31, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SKFRY EPS forecast?
SKFRY EPS forecast for the fiscal quarter 2024 (Q4) is 0.29.
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